证券代码：600545 证券简称：卓郎智能 公告编号：临2019-039 卓郎智能技术股份有限公司 关于参加 2019 年新疆辖区 上市公司投资者集体接待日活动的公告 本公司及董事会全体成员保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为便于广大投资者更深入全面地了解公司情况、发展战略、经营状况、融资 计划、股权激励、可持续发展等投资者所关心的问题，卓郎智能技术股份有限公 司（以下简称公司）定于 2019 年 7 月 26 日下午 15:00-17:30 参加由新疆上市公 司协会联合深圳市全景网络有限公司组织开展的 2019 年新疆辖区上市公司投资 者集体接待日活动。现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采取网 络 远 程 的 方 式 举 行 ， 投 资 者 可 以 登 录 " 全 景 · 路 演 天 下 " 网 站 （http://rs.p5w.net/）或关注微信公众号：全景财经（微信号：p5w2012），参 与公司本次投资者集体接待日活动，活动时间为 2019 年 7 月 26 日（星期五 ...

卓郎智能技术股份有限公司 2019 年 7 月 10 日机构调研记录 卓郎智能技术股份有限公司（以下简称公司）于 2019 年 7 月 10 日接受了相 关机构投资者对公司新疆工厂的现场调研，公司董事长潘雪平先生、首席运营官 管烨先生、财务总监陆益民女士和董事会秘书曾正平先生接待了机构人员，本次 机构调研的相关情况如下： 一、机构调研的情况 调研时间：2019 年 7 月 10 日下午 16:00 调研形式：公司现场接待 调研机构：东吴证券、博时基金、民生加银、益民基金、华夏基金、新华基 金、紫金信托（排名不分先后） 公司接待人员：董事长潘雪平、首席运营官管烨、财务总监陆益民、董事会 秘书曾正平 二、交流环节主要问题及公司回复概要 1.公司现金流情况一直不太理想，何时能够转正？一季度营收和利润都是下 滑的，请问是什么原因？从全年的角度来看利润和收入增速情况如何？ 公司主要向客户销售定制化自动化纺纱机械设备，由于产品造价相对较高且 生产周期较长，通常会要求客户交保证金或提供信用证，在机器完成交付前后， 要求客户在商定的信用期内支付余下款项。因此针对尚未交付的机器设备，公司 账面会存在一定比例的预收账款，而针对已 ...

卓郎智能技术股份有限公司 2019 年 7 月 2 日机构调研记录 卓郎智能技术股份有限公司（以下简称公司）于 2019 年 7 月 2 日接受了相 关机构投资者对公司的现场调研，公司首席运营官管烨先生、财务总监陆益民女 士和董事会秘书曾正平先生接待了机构人员，本次机构调研的相关情况如下： 一、机构调研的情况 调研时间：2019 年 7 月 2 日上午 10:00 调研形式：公司现场接待 调研机构：国金证券、国泰君安、中金公司、招商证券、东方证券、华安证 券、凯基证券、东吴证券、东北证券、景顺纵横投资、上海理成资产、深圳金泊 投资（排名不分先后） 公司接待人员：首席运营官管烨、财务总监陆益民、董事会秘书曾正平 二、交流环节主要问题及公司回复概要 1. 控股股东的质押率偏高，具体的资金用途是什么？ 公司的控股股东江苏金昇实业股份有限公司（以下简称金昇实业）所持公司 股份的质押率截至 2018 年 12 月 31 日为 92.22%，金昇实业股权质押融资所获得 的资金全部用于支持旗下各个制造业板块的发展。今年以来，金昇实业一直在陆 续偿还质押贷款，目前股权质押比例已经降至 80.28%，年底的目标是把质押率 降低 ...

Financial Performance - In 2018, the company's revenue reached RMB 9.22 billion, a year-on-year increase of 5.8% from RMB 8.713 billion in 2017[4]. - The net profit attributable to shareholders increased by 23.1% year-on-year, reaching RMB 810 million, compared to RMB 658 million in 2017[4]. - The company's operating revenue reached CNY 9,220,759 thousand, representing a year-on-year increase of 5.8% compared to CNY 8,713,412 thousand in 2017[24]. - The net profit attributable to shareholders of the listed company was CNY 810,294 thousand, a year-on-year increase of 23.1% from CNY 658,327 thousand in 2017[24]. - The spinning division generated revenue of 7.42 billion RMB, with a growth rate of 6.4%[54]. - The company's gross profit margin improved by 2.1% due to product structure optimization and cost reduction measures[54]. - The company achieved a net profit attributable to the parent company of 8.67 billion RMB in 2018, exceeding the performance commitment of 7.66 billion RMB, with a completion rate of 113.20%[108]. - The basic earnings per share for 2018 was CNY 0.4275, a decrease of 6.2% from CNY 0.4556 in 2017[26]. Market Growth and Strategy - The domestic market achieved a growth rate of 11.2% despite global economic uncertainties[4]. - Revenue in Europe grew by 9.3%, with Germany and Switzerland showing nearly 35% growth[4]. - The company operates in the global natural fiber textile machinery sector, providing comprehensive solutions from cotton opening to yarn production[33]. - The company has production bases and sales companies in 12 countries, with users in over 130 countries and regions worldwide[33]. - The textile industry is experiencing steady growth, driven by supply-side structural reforms and the "Belt and Road" initiative, which the company is strategically leveraging[36]. - The company plans to showcase at the Barcelona International Textile and Technology Machinery Exhibition, aiming to attract new customers[6]. Research and Development - The company significantly increased its R&D investment in 2018, establishing the ZL Technology Center focused on automation and sensor technology[5]. - The company has over 410 R&D personnel globally and has successfully registered more than 1,100 patents, highlighting its strong innovation capabilities in the textile machinery industry[38]. - R&D expenses increased by 52.9% to 475,204 thousand RMB, representing 4.44% of total revenue[65][67]. - The company adheres to the "E³+I" concept, focusing on energy savings, economic efficiency, and intelligent product solutions tailored to customer needs[38]. Financial Position and Cash Flow - The net cash flow from operating activities decreased by 254.2% to -CNY 1,042,763 thousand, primarily due to fluctuations in operating receivables and payables[27]. - The company's net assets attributable to shareholders increased by 110.8% to CNY 4,653,156 thousand at the end of 2018, up from CNY 2,207,034 thousand at the end of 2017[27]. - The company's investment activities generated a net cash flow of 2.30 billion RMB, a significant increase of 599.2% year-on-year[53]. - Cash and cash equivalents increased by 50.4% to 3,720,401 thousand RMB, primarily due to capital contributions received from subsidiaries[75]. Operational Developments - The Urumqi factory, which integrates front and back spinning machinery production, began operations in Q3 2018, showcasing the application of Industry 4.0[5]. - The company increased its construction in progress balance by 260 million RMB, with 330 million RMB added during the year, primarily due to the establishment of a new intelligent factory in Xinjiang, which accounted for 210 million RMB of the new construction[37]. - The company plans to launch a series of new products at the ITMA exhibition in June 2019, aiming to capture a larger market share[50]. Risk Factors - Economic slowdown poses a risk to consumer purchasing power, potentially impacting textile product demand[95]. - Exchange rate fluctuations may affect the company's future profitability due to its global operations[96]. - Safety production risks are present due to the complexity and potential hazards in the manufacturing process[95]. Corporate Governance and Compliance - The company has engaged PwC as its auditor for two years, with an audit fee of 5.12 million RMB[111]. - The company maintains a good integrity status, with no significant debts due that have not been settled[112]. - The company has committed to enhancing its governance structure through the appointment of independent directors and experienced professionals[147]. Social Responsibility and Environmental Commitment - The company emphasizes environmental protection, adhering to ISO14001:2004 certification and focusing on reducing energy consumption through its E³+I product development philosophy[126]. - The company actively engages in social responsibility initiatives, including donations to educational institutions and support for local communities[125].

Financial Performance - In Q1 2019, the company achieved a net profit of 176 million RMB, a 7.7% increase from 163 million RMB in the same period last year[6]. - The company's operating revenue for Q1 2019 was 1.698 billion RMB, down 25.7% from 2.286 billion RMB year-on-year[6]. - The net profit attributable to shareholders of the listed company slightly decreased by 2.3% to 138 million RMB from 141 million RMB year-on-year[6]. - The company reported a decrease of 17.9% in net profit attributable to shareholders after deducting non-recurring gains and losses, amounting to 115 million RMB compared to 140 million RMB last year[6]. - Total operating revenue for Q1 2019 was CNY 1,697,591 thousand, a decrease of 25.7% compared to CNY 2,286,276 thousand in Q1 2018[23]. - Total operating costs for Q1 2019 were CNY 1,531,116 thousand, down 26.9% from CNY 2,095,122 thousand in Q1 2018[23]. - Net profit for Q1 2019 was CNY 175,551 thousand, an increase of 7.3% from CNY 163,059 thousand in Q1 2018[24]. - Earnings per share for Q1 2019 were CNY 0.0729, slightly down from CNY 0.0746 in Q1 2018[25]. Cash Flow and Liquidity - The net cash flow from operating activities was -830 million RMB, an improvement from -1.279 billion RMB in the previous year[6]. - The company's cash flow from operating activities showed a net outflow of RMB 830,342 thousand, a decrease from RMB 1,278,777 thousand in the previous year, indicating improved cash management[14]. - The company experienced a net cash outflow from financing activities of -2,132,173 thousand RMB, compared to -28,817 thousand RMB in Q1 2018, marking a substantial increase in cash outflow[29]. - Cash and cash equivalents at the end of Q1 2019 stood at 349,020 thousand RMB, down from 473,098 thousand RMB at the end of Q1 2018, representing a decline of about 26%[29]. - The total cash inflow from investment activities was 1,467,994 thousand RMB, significantly down from 4,894,981 thousand RMB in the same period last year, reflecting a decrease of approximately 70%[28]. - The total cash outflow from investment activities was 1,414,889 thousand RMB, down from 5,130,460 thousand RMB in the previous year, reflecting a decrease of around 73%[28]. - The company reported a cash flow from financing activities inflow of 574,571 thousand RMB, a notable increase from 81,347 thousand RMB in Q1 2018, representing a growth of over 605%[28]. - The net increase in cash and cash equivalents for the company was -2,485,922 thousand RMB in Q1 2019, compared to -1,584,618 thousand RMB in Q1 2018, indicating a worsening cash position[29]. Assets and Liabilities - The total assets decreased by 18.2% to 11.790 billion RMB compared to 14.416 billion RMB at the end of the previous year[6]. - The total assets decreased to RMB 11,789,694 thousand from RMB 14,415,706 thousand, reflecting a reduction in both current and non-current assets[18]. - Total liabilities decreased to CNY 5,669,375 thousand in Q1 2019 from CNY 8,427,931 thousand in Q4 2018, a reduction of 32.9%[21]. - The company reported a total asset value of 14,415,706 thousand RMB[35]. - The company’s total liabilities and equity were equal to total assets at 10,453,776 thousand RMB[38]. - The company’s retained earnings stood at 1,177,607 thousand RMB[35]. - The company’s capital reserve was reported at 1,579,834 thousand RMB[35]. - The company has a total of 1,895,413 thousand RMB in paid-in capital[35]. Shareholder Information - The company had a total of 74,996 shareholders at the end of the reporting period[9]. - The total equity attributable to shareholders increased to CNY 4,748,956 thousand in Q1 2019 from CNY 4,653,156 thousand in Q4 2018[21]. Future Outlook - The company expects a significant increase in delivery volume starting from Q2 2019 due to improved liquidity and government measures to support private enterprises[6]. - The company plans to launch several innovative products with significant technological breakthroughs at the ITMA exhibition in June 2019, which is expected to boost customer investment enthusiasm in the second half of 2019[6].

Financial Performance - In 2018, the company's revenue reached 9.22 billion RMB, an increase of 5.8% compared to 8.713 billion RMB in 2017[4] - The net profit attributable to shareholders was 810.294 million RMB, representing a growth of 23.1% from 658 million RMB in 2017[4] - The domestic market achieved a growth rate of 11.2% despite global economic uncertainties[4] - Revenue in Europe grew by 9.3%, with Germany and Switzerland showing nearly 35% growth[4] - The company reported a net profit of -114.346 million RMB for the parent company, with a remaining distributable profit of 498 million RMB after accounting for retained earnings[9] - The basic earnings per share for 2018 was CNY 0.4275, down 6.2% from CNY 0.4556 in 2017[26] - The weighted average return on equity increased by 6.91 percentage points to 30.58% in 2018, compared to 23.67% in 2017[26] - The company’s gross profit margin improved by 2.1% due to product structure optimization and cost reduction measures[54] - The spinning division generated revenue of 7.42 billion RMB, with a growth rate of 6.4%[54] - The technology division reported revenue of 1.88 billion RMB, reflecting a growth of 3.7%[54] - The company’s profit margin for the spinning machinery sector was 28.7%, an increase of 2.0 percentage points from the previous year[56] - The company achieved a net profit attributable to the parent company of 8.67 billion RMB in 2018, exceeding the performance commitment of 7.66 billion RMB, with a completion rate of 113.20%[102] - The company reported a comprehensive income total of RMB 931,998 thousand, compared to RMB 593,370 thousand in 2017[187] Research and Development - The company significantly increased its R&D investment in 2018, establishing the ZL Technology Center focused on automation and sensor technology[5] - The company has over 410 R&D personnel globally and has successfully registered more than 1,100 patents, highlighting its strong innovation capabilities[38] - Research and development expenses surged by 52.9% to 475,204 thousand RMB, reflecting the company's commitment to innovation[65] - The total R&D investment amounted to 466,215 thousand RMB, accounting for 4.44% of total revenue[66] - The company has established a unique R&D model with dedicated centers in China, Germany, and Switzerland, ensuring a closed-loop process for product development[38] - The company plans to increase R&D efforts and expand into new textile sectors, including the introduction of jet spinning machines, to capture new market opportunities[86] Market Expansion and Strategy - A restructuring of sales and service operations was implemented to enhance customer intimacy, showing early positive results in the US, Europe, the Middle East, and Africa[5] - The company plans to participate in the Barcelona International Textile and Technology Machinery Exhibition, aiming to attract new customers[6] - The company plans to launch a series of new products at the ITMA exhibition in June 2019, including a new generation of intelligent high-yield carding machines[50] - The company aims to enhance parts sales and service revenue, which is expected to grow due to a stable increase in global equipment sales and a higher customer retention rate[87] - The company has expanded its global presence, with production bases and sales departments in 12 countries, serving clients in over 130 countries[42] - The company operates in the global natural fiber textile machinery sector, providing comprehensive solutions from cotton opening to yarn production[33] Financial Position and Cash Flow - The net cash flow from operating activities decreased by 254.2% to -CNY 1,042,763 thousand, primarily due to fluctuations in operating receivables and payables[27] - The company’s investment activities generated a net cash flow of 2.30 billion RMB, a significant increase of 599.2% year-on-year[53] - Cash and cash equivalents increased to 3,720,401 thousand RMB, representing 25.8% of total assets, up from 2,473,431 thousand RMB (17.0%) in the previous period, a growth of 50.4%[72] - The company reported a net cash inflow from investment activities of 2,304,714 thousand RMB, a significant increase of 599.2% year-on-year[70] - The company’s net cash flow from financing activities is -484,060,000 RMB, an improvement from -1,095,337,000 RMB in the previous period[191] Shareholder and Governance - The profit distribution plan for 2018 includes a cash dividend of 1.293 RMB per 10 shares, totaling 245 million RMB[9] - The cash dividend payout ratio for 2018 is 30.24% of the net profit attributable to ordinary shareholders[96] - The company has committed to not reducing its shareholdings for 6 months after the completion of the share transfer, as confirmed by the Shanghai Stock Exchange[98] - The company will not transfer its remaining shares for 36 months following the completion of the restructuring[98] - The company has established safety production guidelines, but risks remain regarding potential accidents during the manufacturing process[90] - The company is committed to enhancing corporate governance and protecting shareholder rights[116] - The company has a total of 721,247,974 restricted shares held by Jiangsu Jinsheng Industrial Co., Ltd., which will become tradable on July 7, 2020[127] Risks and Challenges - The company faces economic risks due to potential demand fluctuations linked to economic growth slowdowns[90] - There is a risk of losing competitive advantages if the company fails to keep up with rapid technological advancements in the smart textile equipment industry[90] - Currency exchange rate fluctuations pose a risk to the company's future profitability due to its global operations[91] - The company operates in 12 countries, exposing it to overseas business operational risks, including cultural and political challenges[90] Employee and Social Responsibility - The company emphasizes employee rights protection and has established a leadership development program for management personnel[116] - The company has engaged in various social welfare activities, including donations to educational institutions and support for local communities[117] - The company actively promotes environmental protection and has implemented the E³+I concept in product development to reduce energy consumption and resource costs[117] - The company has not faced any penalties from securities regulatory agencies in the past three years[145] Internal Control and Audit - The company conducted an internal control evaluation for the year 2018, confirming the effectiveness of its financial reporting internal controls[158] - The company received an unqualified audit opinion from PwC regarding its financial statements for the year ended December 31, 2018[164] - The company’s internal control audit report confirmed that it maintained effective financial reporting internal controls as of December 31, 2018[158]

Financial Performance - Operating income rose by 10.1% to CNY 6,703,051,000 for the period from January to September[6] - Net profit attributable to shareholders increased by 17.9% to CNY 536,342,000 compared to the same period last year[6] - Net profit for the period was 583,098 thousand RMB, compared to 516,360 thousand RMB for the same period last year, indicating a growth of about 12.9%[30] - Total operating revenue for Q3 2018 was 348,746 thousand RMB, compared to 788,010 thousand RMB for the same period last year, representing a decrease of approximately 55.8%[33] - Net profit for Q3 2018 was -20,712 thousand RMB, a decline from -102,274 thousand RMB in the previous year, indicating an improvement in losses[34] Assets and Liabilities - Total assets decreased by 25.3% to CNY 10,856,691,000 compared to the end of the previous year[6] - Total liabilities increased slightly from 8,026,408 thousand RMB to 8,075,309 thousand RMB, an increase of approximately 0.6%[25] - Current assets dropped significantly from 11,193,464 thousand RMB to 7,163,310 thousand RMB, reflecting a decline of about 35.9%[24] - Cash and cash equivalents decreased from 2,473,431 thousand RMB to 977,856 thousand RMB, a decline of approximately 60.5%[24] Shareholder Information - Net assets attributable to shareholders increased by 26.0% to CNY 2,781,019,000 year-on-year[6] - The total number of shareholders reached 74,852 at the end of the reporting period[10] - The largest shareholder, Jiangsu Jinsheng Industrial Co., Ltd., holds 46.94% of the shares, amounting to 889,688,077 shares[10] Cash Flow - Net cash flow from operating activities decreased significantly by 395.3% to -CNY 1,790,048,000[6] - Cash flow from operating activities for the first nine months of 2018 was -1,790,048 thousand RMB, compared to a positive cash flow of 606,262 thousand RMB in the previous year[36] - Total cash outflow for operating activities was 55,674, significantly lower than the previous year's outflow of 950,582[38] - The net cash flow from financing activities was positive at 54,186, compared to a negative cash flow of -230,409 in the same period last year[39] Investments and Expenses - Investment activities generated a net cash inflow of CNY 3,658,804,000, mainly from the redemption of financial products[18] - Research and development expenses rose to 309,060 thousand RMB from 255,323 thousand RMB, marking an increase of about 21.0%[30] - Development expenditures increased by 50.7% to CNY 77,838,000, reflecting ongoing investment in R&D projects[14] - The company experienced a 175.6% rise in net financial expenses to CNY 45,130,000, primarily due to increased foreign exchange losses[16] Inventory and Receivables - Accounts receivable increased by 66.1% to CNY 3,603,794,000, primarily due to business growth[14] - Inventory rose by 31.1% to CNY 2,063,853,000, mainly for production and sales preparation[14] - The company reported a significant increase in inventory from 1,574,625 thousand RMB to 2,063,853 thousand RMB, an increase of approximately 31.0%[24] Other Financial Metrics - Basic earnings per share decreased by 20.0% to CNY 0.28, reflecting changes in the number of shares outstanding[6] - The weighted average return on equity increased by 4.58 percentage points to 21.42%[6] - The company reported a 133.9% increase in undistributed profits to CNY 903,655,000 due to higher net profits[14] - Non-operating income for the period totaled CNY 233,000, with government subsidies included[9]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 4,627,086 thousand, representing a 14.0% increase compared to CNY 4,059,607 thousand in the same period last year[18]. - The net profit attributable to shareholders of the listed company increased by 30.3% to CNY 363,066 thousand from CNY 278,541 thousand year-on-year[18]. - The company reported a 20.0% increase in net profit after deducting non-recurring gains and losses, reaching CNY 348,973 thousand compared to CNY 290,833 thousand in the previous year[18]. - Basic earnings per share decreased by 16.2% to CNY 0.1915 from CNY 0.2284 in the same period last year[19]. - The diluted earnings per share also decreased by 16.2% to CNY 0.1915 from CNY 0.2284 year-on-year[19]. - The gross profit margin was approximately 12% for the first half of 2018, compared to 10.5% in the same period last year[128]. - The total comprehensive income attributable to the parent company was 356,269 thousand RMB, up from 271,733 thousand RMB in the previous period[129]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,889,411 thousand, compared to CNY -560,321 thousand in the previous year, indicating a significant increase in cash outflow[18]. - The net cash flow from operating activities decreased year-on-year by 2.2 billion RMB, primarily due to fluctuations in operating receivables and payables[20]. - The net cash flow from investing activities was 4,429,144 thousand RMB, compared to -132,699 thousand RMB in the previous period, showing a significant improvement[134]. - The net cash flow from financing activities was -3,988,930 thousand RMB, compared to -400,009 thousand RMB in the previous period, indicating increased cash outflows[134]. - The balance of cash and cash equivalents decreased by 61.8% to 945,404 thousand yuan, attributed to increased cash outflow from operations[63]. - The company reported a significant increase in cash inflow from investment activities, primarily due to the recovery of restricted funds amounting to 9,000,000 thousand RMB[134]. Assets and Liabilities - The total assets decreased by 30.1% to CNY 10,154,045 thousand from CNY 14,531,772 thousand at the end of the previous year, primarily due to the liquidation of subsidiaries and dividend distribution to minority shareholders[18]. - The total liabilities decreased to RMB 7,609,333 thousand from RMB 8,026,408 thousand, a decline of 5.2%[124]. - Short-term borrowings surged to RMB 1,095,229 thousand, compared to RMB 267,001 thousand at the beginning of the year, indicating a significant increase[124]. - Accounts receivable increased by 72.3% to 3,519,609 thousand yuan, mainly due to business growth[63]. Market and Business Operations - The company operates in over 130 countries and regions, with production bases in 12 countries including China, Germany, and India[26]. - Revenue from the Chinese market surged by 55.4% to 2.43 billion RMB, driven by favorable industrial policies in Xinjiang[39]. - Revenue from India decreased by 43.8% to 351.79 million RMB, impacted by GST tax reforms and high cotton prices[40]. - The company is focusing on emerging markets such as Turkey, Indonesia, Vietnam, Pakistan, and Uzbekistan to enhance its direct sales model[31]. - The company launched multiple new products focusing on automation, digitalization, and environmental sustainability during the reporting period[37]. Research and Development - The company has a unique R&D model with centers in China, Germany, and Switzerland, ensuring a closed-loop process for product development[28]. - The company’s R&D expenditure increased by 23.1% to 186.93 million RMB, up from 151.91 million RMB in the previous year[59]. - The company launched the world's longest ring spinning machine, Qingze 72XL, which can save up to 66% in energy consumption and reduce production costs by up to 11%[53]. Governance and Compliance - The company has committed to not reducing its shareholdings for 6 months after the completion of the share transfer, as confirmed by the Shanghai Stock Exchange[87]. - The controlling shareholder, Jinsheng Industrial, and the actual controller, Pan Xueping, committed to ensuring the independence of the listed company's personnel, assets, and operations[89]. - The company has established legal responsibilities for any violations of these commitments, ensuring accountability for potential losses incurred by investors[87]. Risks and Challenges - The company faces risks including economic and trade risks, with potential impacts from U.S. tariffs on the Chinese textile industry, which could adversely affect growth[77]. - The company has experienced a significant increase in accounts receivable, leading to cash flow pressures, and plans to enhance management of receivables to mitigate liquidity risks[79]. - Short-term borrowings have increased rapidly, raising concerns about liquidity and debt repayment capabilities if the trend continues[79]. Shareholder Information - The company had a total of 77,818 common stock shareholders at the end of the reporting period[105]. - Jiangsu Jinsheng Industrial Co., Ltd. holds 46.64% of the shares, with 721,247,974 shares pledged[108]. - The top ten shareholders include state-owned and private entities, with the largest shareholder being Jiangsu Jinsheng Industrial Co., Ltd.[108]. Accounting and Financial Reporting - The financial statements are prepared based on the principles of continuous operation and comply with the accounting standards issued by the Ministry of Finance[151][156]. - The company’s accounting policies include specific methods for inventory valuation, fixed asset depreciation, and revenue recognition[154]. - Significant receivables exceeding RMB 6 million are assessed individually for impairment based on the present value of expected future cash flows[170].

Financial Performance - Operating revenue increased by 28.75% to CNY 2,286,276,000 year-on-year[6] - Net profit attributable to shareholders increased by 30.41% to CNY 141,448,000 compared to the same period last year[6] - The weighted average return on equity rose by 2.07 percentage points to 6.25%[6] - Operating profit for Q1 2018 was CNY 229,527 thousand, up 23.4% from CNY 185,885 thousand in Q1 2017[25] - Net profit attributable to shareholders of the parent company was CNY 141,448 thousand, representing a 30.4% increase compared to CNY 108,461 thousand in the previous year[26] - The company reported a comprehensive income total of CNY 130,813 thousand, down from CNY 150,155 thousand in the previous year[26] Earnings and Shares - Basic earnings per share decreased by 16.09% to CNY 0.0746[6] - The basic and diluted earnings per share for Q1 2018 were CNY 0.0746, compared to CNY 0.0889 in Q1 2017[26] Assets and Liabilities - Total assets decreased by 5.51% to CNY 13,731,243,000 compared to the end of the previous year[6] - Total liabilities decreased to CNY 7,171,789 thousand from CNY 8,026,408 thousand year-over-year, a reduction of 10.7%[24] - Total equity attributable to shareholders of the parent company increased to CNY 2,316,236 thousand from CNY 2,207,034 thousand, reflecting a growth of 4.9%[24] - Cash and cash equivalents decreased by 50.5% to CNY 1,224,207, primarily due to increased cash outflows from operating activities[14] - The total cash and cash equivalents at the end of the period decreased to 473,098 thousand RMB from 1,569,592 thousand RMB, reflecting a significant reduction in liquidity[31] Cash Flow - Net cash flow from operating activities was negative at CNY -1,278,777,000, compared to CNY -206,934,000 in the previous year[6] - The company reported a net cash outflow from operating activities of CNY -1,278,777, significantly higher than the previous year's CNY -206,934[15] - Cash inflow from investment activities totaled 4,894,981 thousand RMB, a substantial increase from 290,554 thousand RMB in the prior period, primarily driven by other investment-related cash receipts[30] - The net cash flow from investment activities was -235,479 thousand RMB, showing an improvement from -252,322 thousand RMB in the previous period[30] - Cash flow from financing activities resulted in a net outflow of -28,817 thousand RMB, compared to -98,596 thousand RMB in the prior period, indicating a reduced cash burn in financing[31] Shareholder Information - The total number of shareholders reached 83,810 at the end of the reporting period[10] - The largest shareholder, Jiangsu Jinsheng Industrial Co., Ltd., holds 46.38% of the shares[10] Operational Costs - Operating costs increased by 31.8% to CNY 1,682,986, driven by business volume growth[14] - The company reported a total operating cost of CNY 2,056,566 thousand, which is an increase of 29.4% from CNY 1,589,525 thousand in the previous year[25] - Cash outflow for purchasing goods and services was 1,881,917 thousand RMB, up from 1,099,724 thousand RMB, reflecting increased operational costs[30] Other Financial Metrics - Non-operating income totaled CNY 1,350,000, including government subsidies and interest income from loans[9] - Financial expenses rose by 56.8% to CNY 11,594, mainly due to increased exchange losses during the period[15] - Interest payable surged by 808.4% to CNY 21,755, primarily due to some bank loans not yet accruing interest[14] - Long-term receivables increased by 40.2% to CNY 49,394, mainly due to an increase in trade-related long-term receivables[14] - The company experienced a negative impact of -41,545 thousand RMB from exchange rate fluctuations on cash and cash equivalents, contrasting with a positive impact of 2,006 thousand RMB in the previous period[31]

Financial Performance - In 2017, Zhuolang Intelligent reported a sales revenue of RMB 8.713 billion, representing a year-on-year growth of 37.2% compared to RMB 6.352 billion in 2016[5]. - The net profit attributable to shareholders increased by 38.6% to RMB 658 million in 2017, up from RMB 475 million in 2016[5]. - The company's operating revenue reached 8,713,412 thousand RMB, a year-on-year increase of 37.2%[33]. - The net profit attributable to shareholders of the listed company was 658,327 thousand RMB, up 38.6% year-on-year[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 95.3% year-on-year, reaching 649,046 thousand RMB[36]. - The basic earnings per share rose to 0.4556 RMB, reflecting a growth rate of 17.0% compared to the previous year[34]. - The weighted average return on net assets increased by 2.72 percentage points to 23.67%[34]. - The company exceeded its profit commitment for 2017, achieving a net profit of CNY 684 million, which is 117% of the promised CNY 583 million[61]. - The company reported total revenue of RMB 8.71 billion for the reporting period, an increase of 37.2% year-on-year, with net profit attributable to shareholders reaching RMB 658 million, up 38.6%[66]. Market Expansion - The domestic market and Turkey saw significant success, with growth rates around 70%[5]. - Uzbekistan became the fourth largest market for Zhuolang Intelligent, with sales exceeding RMB 500 million in 2017[5]. - The company’s revenue from the Chinese market surged by 70.9% to RMB 3.67 billion, while revenue from Turkey increased by 69.8% to RMB 904 million[72]. - The company’s market share in Uzbekistan grew significantly, with sales exceeding CNY 500 million in 2017[60]. - The company operates two main divisions: the Spinning Division and the Technology Division, providing comprehensive solutions from cotton bales to yarn production[43]. Strategic Initiatives - The company plans to distribute a cash dividend of RMB 0.1 per share, totaling RMB 18.95 million for the 2017 fiscal year[14]. - Zhuolang Intelligent aims to enhance operational efficiency and integrate technological innovations across its two divisions: spinning and technology[6]. - The company is positioned to leverage China's textile industry vision and initiatives like "Belt and Road," "Industry 4.0," and "Made in China 2025" for growth[7]. - The company anticipates new challenges in 2018 but is confident in its ability to achieve sustained growth and stable profits[8]. - The company plans to increase the proportion of procurement from low-cost countries to effectively reduce production costs[101]. Research and Development - The company has over 410 R&D personnel globally and has successfully registered over 1,100 patents, highlighting its strong innovation capabilities in the textile machinery sector[49]. - The company adheres to the "E³ triple value" concept in R&D, focusing on energy savings, economic benefits, and ergonomics in product design[50]. - Total R&D investment reached 322,082 thousand yuan, representing 3.70% of operating revenue, with 416 R&D personnel making up 9.3% of the total workforce[79]. - The company plans to increase its research and development efforts to expand into other industrial sectors, particularly the growing glass fiber market, leveraging global customer resources[98]. Operational Challenges - The net cash flow from operating activities decreased by 69.3% to 676,157 thousand RMB, primarily due to fluctuations in operating receivables and payables[36]. - The company's net assets attributable to shareholders decreased by 12.8% to 2,207,034 thousand RMB[36]. - The company experienced a significant increase in demand for textile machinery driven by the "Belt and Road" initiative[35]. - The company faces risks from economic fluctuations that could impact consumer purchasing power in the textile sector[102]. - The company is exposed to foreign exchange risks due to its global operations across different currencies[103]. Corporate Governance - The controlling shareholder Jinsheng Industrial and actual controller Pan Xueping committed to ensuring the independence of the listed company's personnel, assets, and operations[112]. - The listed company will establish an independent financial accounting department and a separate financial management system[112]. - The commitment includes minimizing related party transactions and ensuring fair and reasonable transaction conditions[112]. - The listed company must independently conduct business activities with its own assets and personnel[112]. - The company has maintained compliance with legal regulations regarding dividend distribution and shareholder rights[107]. Social Responsibility - The company invested a total of 20 million RMB in poverty alleviation efforts, helping 4,321 registered impoverished individuals to escape poverty[137]. - In the industrial development poverty alleviation sector, the company initiated 42 projects with an investment of 13.5 million RMB, benefiting 3,247 individuals[137]. - The company allocated 1 million RMB for vocational skills training, training 400 individuals and helping 400 registered impoverished households achieve employment[137]. - The company actively participates in social welfare activities, including educational support in India and agricultural projects in Malawi[140]. Future Outlook - The company anticipates continued growth in the textile industry driven by GDP growth, population increase, and rising per capita income in China[94]. - The company expects stable growth in the textile industry in 2018, driven by supply-side structural reforms and strategic planning[100]. - The company is set to launch its Xinjiang factory in mid-2018, which will facilitate expansion into emerging markets along the "Belt and Road" initiative[101].