2021 年第一季度报告 公司代码：600579 公司简称：克劳斯 1 / 17 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 17 克劳斯玛菲股份有限公司 2021 年第一季度报告 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 15,951,975,009.98 16,007,184,807.06 -0.34 归属于上市公 司股东的净资 产 5,079,634,558.05 5,310,087,201.47 -4.34 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生 的现金流量净 额 169,722,438.33 -222,436,321.89 不适用 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 1,862,956,364.84 2,186,960,811.48 -14.82 归属于上市公 司股东的净利 润 -129 ...

Financial Performance - In 2020, the company achieved a consolidated net profit of -229,989,894.66 RMB, compared to -158,420,225.40 RMB in 2019, indicating a worsening performance year-over-year [4]. - The company's operating revenue for 2020 was 9,816,392,579.96 RMB, a decrease of 7.18% from 10,576,101,343.48 RMB in 2019 [20]. - The net cash flow from operating activities was 146,752,646.57 RMB, down from 598,815,407.76 RMB in the previous year, reflecting a significant decline [20]. - As of the end of 2020, the total assets amounted to 16,007,184,807.06 RMB, a decrease of 2.13% from 16,355,880,298.94 RMB in 2019 [20]. - The company's net assets attributable to shareholders were 5,310,087,201.47 RMB, down 3.42% from 5,498,194,344.80 RMB at the end of 2019 [20]. - The basic and diluted earnings per share for 2020 were both -0.28 yuan, compared to -0.18 yuan in 2019, indicating a significant decline [22]. - The weighted average return on equity decreased to -4.25% in 2020 from -2.83% in 2019, a reduction of 1.42 percentage points [22]. - The company reported a net loss of 138.56 million yuan in Q1 2020 and a net profit of 26.53 million yuan in Q3 2020, highlighting volatility in quarterly performance [24]. - The company experienced a cash flow from operating activities of 305.66 million yuan in Q4 2020, indicating a recovery in cash generation [24]. - Non-recurring losses amounted to -123 million yuan in 2020, primarily due to additional costs related to the pandemic [26]. Business Operations - The company is a leading player in the plastic and rubber processing machinery industry, focusing on R&D, production, and sales of related equipment [28]. - The main products include injection molding machines, extrusion equipment, and reaction molding equipment, with a strong emphasis on automation and digital solutions [29]. - The company aims to expand its market presence and enhance its competitive edge through innovative technology and tailored solutions for clients [29]. - KM Group's extrusion equipment is widely used in various industries, including chemicals, pharmaceuticals, automotive, infrastructure, furniture, and packaging [30]. - The company offers two main types of extrusion equipment: single-screw and twin-screw extruders, catering to applications such as rubber, foam, film, and pipes [30]. - KM Group's digital service solutions include maintenance, spare parts replacement, and refurbishment, ensuring high availability and reliability of equipment [31]. - The company emphasizes the importance of after-sales service, with maintenance services becoming increasingly significant in its sales strategy [34]. - KM Group's reaction molding equipment allows for the production of complex products through chemical reactions, enhancing product diversity and application [30]. - The company has a global sales and service network, enabling quick responses to customer needs and promoting its products worldwide [31]. - KM Group's focus on Industry 4.0 includes predictive maintenance and real-time machine monitoring, enhancing operational efficiency for clients [31]. Market Trends and Competition - The impact of intensified competition and raw material price fluctuations contributed to a decline in gross profit margin [22]. - The global plastic machinery market was valued at €30.575 billion in 2020, with Europe accounting for approximately €15.2 billion (49.71%) and China for about €11.5 billion (37.61%) [37]. - The demand for high-end injection molding equipment is driven by trends in lightweight, compact, and personalized home appliances, as well as the extensive application of polymer and lightweight alloy materials in medical devices [37]. - The company has established a strong customer base, including major companies in automotive, packaging, and construction sectors, enhancing its competitive advantage in the rubber and plastic machinery field [42]. - The company has achieved 498 significant technological achievements by the end of 2020, including 36 national awards and 512 patents, demonstrating its commitment to innovation [43]. Financial Health and Investments - The company’s total operating revenue was approximately ¥9.82 billion in 2020, a decrease of 7.18% compared to the previous year, while the net profit attributable to shareholders was -229.99 million yuan, down 45.18% [58]. - The company's total assets at the end of 2020 were 16.007 billion yuan, a decrease of 2.13% from the beginning of the year, and the total liabilities were 10.697 billion yuan, down 1.48% [58]. - The company’s gross profit margin decreased by 1.5 percentage points in 2020, with the main subsidiary KM Group's revenue declining by 11.6% [61]. - The new machine (NM) business signed orders worth 624 million euros in 2020, a decline of 25.65% from 2019, with revenue from this segment falling by 15.72% to 726 million euros [56]. - The digital services (DSS) business saw new orders of 270 million euros in 2020, down 9.01% year-on-year, with revenue also decreasing by 8.17% to 270 million euros [56]. Corporate Governance and Management - The company has a cash dividend policy requiring at least 20% of distributable profits to be distributed as cash dividends, although no dividends were declared for the past three years due to losses [114][116]. - The company repurchased 925,800 shares, representing 0.10% of total share capital, for a total expenditure of approximately ¥5.47 million, as part of a commitment to replace dividends with share buybacks [120]. - The company has recognized goodwill of €442 million (approximately ¥3.46 billion) from the acquisition of KM Group, which poses a risk of impairment if the group's future performance deteriorates [111]. - The company is actively managing operational risks related to rising raw material prices, particularly for steel and oil, by maintaining close communication with suppliers and partners [110]. - The company is focused on innovation and market responsiveness to mitigate strategic risks associated with slow market reactions [110]. Social Responsibility and Environmental Initiatives - The company has not experienced any major safety incidents in 2020, reflecting its commitment to health and safety management [157]. - The company has established an environmental management department to enhance its environmental protection efforts [158]. - The company has implemented significant energy-saving projects at its Munich plant, resulting in reduced energy consumption and CO2 emissions [162]. - The modernization of the lighting system at the Munich plant replaced 1,500 mercury vapor lamps with 1,000 LED lights, improving lighting quality and safety [162]. - The company organized a promotional event for Gulang agricultural products in December 2020 to help local farmers access the Lanzhou market [152]. Employee and Management Structure - The total number of employees in the parent company is 7, while the main subsidiaries employ 6,057, resulting in a total of 6,064 employees [200]. - The professional composition includes 3,097 production personnel, 1,589 sales personnel, 806 technical personnel, 208 financial personnel, 318 administrative personnel, and 46 others [200]. - The educational background of employees shows 27 with a doctorate or above, 723 with a master's degree, 734 with a bachelor's degree, and 4,580 with education below a bachelor's degree [200]. - The remuneration for directors, supervisors, and senior management is determined by the compensation and assessment committee, based on their responsibilities and company performance [197]. - The company has maintained a stable management team, with several members holding positions in other significant organizations [196].

Financial Performance - Operating revenue for the first nine months decreased by 9.45% to CNY 6.71 billion compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 198.30 million, compared to a loss of CNY 90.71 million in the same period last year[6]. - Basic and diluted earnings per share were both negative CNY 0.23, compared to negative CNY 0.10 in the same period last year[7]. - Total operating revenue for Q3 2020 was ¥2,460,763,628.46, a decrease of 2.3% compared to ¥2,518,054,290.32 in Q3 2019[25]. - Net profit for the first three quarters of 2020 was a loss of ¥1,208,909,733.48, compared to a loss of ¥1,188,285,862.21 in the same period of 2019[22]. - The net profit for Q3 2020 was CNY 26,531,121.94, compared to a net loss of CNY 8,229,778.30 in Q3 2019, indicating a significant recovery[26]. - The total profit for Q3 2020 was CNY 32,246,267.14, compared to a loss of CNY 9,704,341.50 in Q3 2019[26]. - The total comprehensive income for Q3 2020 was CNY -41,031,045.88, compared to CNY -16,060,709.90 in Q3 2019[28]. Cash Flow - Net cash flow from operating activities for the first nine months was negative CNY 158.90 million, a decrease of 205.60% compared to the same period last year[6]. - Cash outflow from investing activities increased to CNY -386,117,464.91, primarily due to increased investments in fixed and intangible assets[14]. - Total cash inflow from operating activities for the first nine months of 2020 was ¥8.13 billion, down from ¥9.69 billion in the same period of 2019, reflecting a decrease of about 16.2%[34]. - The net cash flow from operating activities for Q3 2020 was negative at ¥158.90 million, contrasting with a positive cash flow of ¥150.47 million in Q3 2019[35]. - The company reported cash inflows from financing activities of ¥1.63 billion in Q3 2020, an increase from ¥1.04 billion in the same quarter of the previous year, representing a growth of about 56.7%[35]. Assets and Liabilities - Total assets increased by 2.02% to CNY 16.69 billion compared to the end of the previous year[6]. - Total liabilities increased to CNY 11,348,121,166.67 from CNY 10,857,685,954.14, reflecting higher short-term borrowings and long-term payables[18]. - Total assets as of Q3 2020 amounted to ¥5,691,347,887.30, a slight decrease from ¥5,750,021,393.91 at the end of Q3 2019[22]. - The company's total assets amounted to CNY 16,355,880,298.94 as of Q3 2020, an increase from CNY 16,189,694,387.54 at the beginning of the year, showing a growth of about 1.03%[41]. - The company's current assets decreased by CNY 166,185,911.40, from CNY 7,097,409,044.51 to CNY 6,931,223,133.11, indicating a reduction of about 2.34%[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,227[11]. - The largest shareholder, China National Chemical Equipment, held 41.69% of the shares[11]. Expenses - Operating costs decreased by 6.34% to CNY 5,294,026,607.63, reflecting a reduction in business volume[13]. - Sales expenses fell by 12.18% to CNY 1,048,754,017.93, attributed to reduced marketing and travel costs due to the pandemic and planned layoffs[13]. - R&D expenses increased by 11.85% to CNY 166,560,659.38, mainly due to higher amortization of patent technology[14]. - Financial expenses decreased by 38.40% to CNY 105,300,551.75, influenced by increased loan interest and foreign exchange gains[14]. Government Support and Non-Operating Losses - Non-operating losses due to the global COVID-19 pandemic amounted to CNY 52.68 million, including direct costs and unavoidable expenses from factory shutdowns[8]. - The company received government subsidies totaling CNY 28.78 million during the first nine months[8]. Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[24]. - The company is exploring potential mergers and acquisitions to enhance its market position[24].

Financial Performance - The company's operating revenue for the first half of 2020 was approximately RMB 4.25 billion, a decrease of 13.14% compared to RMB 4.90 billion in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2020 was a loss of approximately RMB 224.83 million, compared to a loss of RMB 82.48 million in the same period last year[21]. - The net cash flow from operating activities decreased by 208.51%, resulting in a net outflow of approximately RMB 245.01 million, compared to a net inflow of RMB 225.80 million in the previous year[21]. - The weighted average return on equity decreased to -4.15%, down from -1.47% in the same period last year, representing a decline of 2.68 percentage points[20]. - The basic earnings per share for the first half of 2020 was -0.25 yuan, compared to -0.09 yuan in the same period last year[20]. - The company reported a non-recurring loss of approximately ¥84.47 million, primarily due to the impact of the COVID-19 pandemic, which included direct costs and unavoidable expenses from factory shutdowns[23]. - The company reported a significant increase in credit impairment losses, which amounted to CNY 1,632,063.66 in the first half of 2020, compared to CNY 10,729,847.74 in the same period of 2019[126]. - The net loss for the first half of 2020 was CNY 224,831,368.66, compared to a net loss of CNY 82,477,228.21 in the first half of 2019, representing a significant increase in losses[127]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 16.71 billion, an increase of 2.19% from RMB 16.36 billion at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 2.13%, amounting to approximately RMB 5.38 billion, down from RMB 5.50 billion at the end of the previous year[21]. - The total current liabilities increased to RMB 4,000,000,000, with short-term borrowings rising to RMB 821,072,744.23 from RMB 457,698,068.25, representing an increase of approximately 79.3%[120]. - The company's total liabilities increased to RMB 4,000,000,000, with a notable rise in accounts payable to RMB 1,658,120,184.46 from RMB 1,830,003,669.51, indicating a decrease of approximately 9.4%[120]. - The total equity attributable to shareholders decreased to CNY 5,381,169,964.94 from CNY 5,498,194,344.80, reflecting a decline of approximately 2.13%[123]. Market and Industry Impact - The company faced significant impacts from the COVID-19 pandemic, leading to a decline in orders and revenue across various sectors[21]. - In 2020, the global rubber and plastic machinery production value was expected to decline by approximately 5% compared to 2019, with the actual production value drop in the first half of 2020 anticipated to exceed 5% due to the COVID-19 pandemic[35]. - The Chinese injection molding machine industry faced significant challenges, with a reported 41.92% year-on-year decrease in total output from scale above enterprises in the first five months of 2020[36]. - The automotive industry, as the largest application field for injection and extrusion equipment, experienced a significant decline in orders due to global economic slowdown and insufficient demand[37]. Strategic Initiatives and Future Outlook - The company has outlined potential risks and countermeasures in its report, indicating a proactive approach to future challenges[6]. - The company aims to further promote its main products globally through its extensive sales and service network[29]. - The company is focusing on new product development and technological advancements to improve future performance[147]. - The company plans to continue its market expansion efforts despite the current financial challenges[147]. Operational Adjustments - The company relocated its China operations to Jiaxing, enhancing production capacity and positioning itself in a key innovation zone[52]. - KM Group has increasingly emphasized maintenance and protection services, which have become crucial for maintaining customer relationships and brand loyalty[32]. - The company promotes remote training to enhance operational efficiency and reduce costs, allowing customers to resolve common issues without on-site visits[33]. Financial Management and Governance - The company has established an independent financial department and accounting system to ensure financial independence[83]. - The company has committed to maintaining independent operations and financial decision-making without interference from controlling parties[83]. - The company has not reported any significant litigation or arbitration matters during the reporting period[84]. - The financial statements were approved by the board of directors on August 25, 2020[150]. Environmental and Social Responsibility - The company actively engaged in targeted poverty alleviation efforts, purchasing agricultural products from impoverished counties in Gansu Province to support employees and contribute to poverty alleviation[92]. - The company reported a total investment of ¥83,000 in targeted poverty alleviation initiatives during the reporting period[93]. - The company has modernized its lighting system at the Munich plant, replacing 1,500 mercury vapor lamps with 1,000 LED lights, resulting in improved lighting quality and reduced CO2 emissions[99]. - The company strictly adheres to international waste disposal regulations, monitoring and recording waste quantities for proper disposal[100].

Financial Performance - Operating revenue for the current period was CNY 2,186,960,811.48, down 5.21% from CNY 2,307,212,095.17 in the same period last year[5] - Net profit attributable to shareholders of the listed company was a loss of CNY 103,062,120.47, compared to a loss of CNY 63,627,234.71 in the previous year[5] - The net cash flow from operating activities was a negative CNY 222,436,321.89, compared to a negative CNY 46,088,932.54 in the same period last year[5] - The company reported a net loss of CNY 703,623,154.53 for Q1 2020, compared to a loss of CNY 565,060,555.29 in Q4 2019[17] - The total profit for Q1 2020 was a loss of CNY 186.42 million, compared to a loss of CNY 88.67 million in Q1 2019, reflecting a worsening financial performance[24] - The company reported a net comprehensive income of CNY -88.25 million for Q1 2020, compared to CNY -140.22 million in Q1 2019, showing an improvement in overall comprehensive losses[25] - Basic and diluted earnings per share were both CNY -0.16, compared to CNY -0.07 in the previous year[5] - Basic and diluted earnings per share for Q1 2020 were both CNY -0.16, compared to CNY -0.07 in Q1 2019, indicating a decline in earnings performance[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,035,758,484.57, a decrease of 1.96% compared to the end of the previous year[5] - Total liabilities decreased to CNY 10,626,395,061.02 from CNY 10,857,685,954.14, reflecting a reduction of approximately 2.12%[17] - Current liabilities totaled CNY 5,816,112,502.45, slightly up from CNY 5,793,947,253.00, indicating a marginal increase of 0.38%[17] - Non-current liabilities decreased to CNY 4,810,282,558.57 from CNY 5,063,738,701.14, representing a decline of about 4.99%[17] - The company's equity attributable to shareholders was CNY 5,409,363,423.55, down from CNY 5,498,194,344.80, a decrease of approximately 1.62%[17] - Long-term borrowings decreased to CNY 2,414,617,792.51 from CNY 2,587,767,739.11, a reduction of about 6.69%[17] - The company holds fixed assets valued at CNY 1,538,796,378.68, reflecting its investment in long-term operational capabilities[37] - The company has intangible assets amounting to CNY 3,517,545,608.87, indicating significant investment in intellectual property[37] Cash Flow - The company's cash and cash equivalents decreased by 25.2% to ¥805,167,439.60 compared to ¥1,075,728,948.28 at the end of the previous year[12] - The net cash flow from operating activities was -CNY 222,436,321.89 in Q1 2020, compared to -CNY 46,088,932.54 in Q1 2019, indicating a worsening cash flow situation[30] - Cash outflow from investing activities was CNY 117,892,168.97 in Q1 2020, up from CNY 99,625,594.59 in Q1 2019, reflecting increased investment expenditures[31] - The net cash flow from financing activities improved to CNY 71,528,558.07 in Q1 2020, compared to -CNY 143,053,666.01 in Q1 2019, showing a positive shift in financing[31] - The total cash and cash equivalents at the end of Q1 2020 were CNY 764,765,574.51, compared to CNY 504,208,565.27 at the end of Q1 2019, indicating an increase in liquidity[31] Shareholder Information - The number of shareholders at the end of the reporting period was 31,370[9] - The largest shareholder, China National Chemical Equipment Global Holdings, held 51.43% of the shares[9] Operational Insights - The company experienced a significant decline in sales due to the global impact of the COVID-19 pandemic, affecting production and logistics[12] - The company plans to continue investing in subsidiaries and new projects despite the current financial challenges[12] - The overall financial outlook remains cautious, with potential for further losses anticipated in the upcoming reporting periods[13] - Research and development expenses for Q1 2020 were CNY 52.76 million, an increase from CNY 48.35 million in Q1 2019, highlighting the company's commitment to innovation[24] - The company reported a decrease in sales expenses to CNY 398.81 million in Q1 2020 from CNY 406.62 million in Q1 2019, reflecting a focus on cost efficiency[24]

Financial Performance - The company reported a net profit of -158,420,225.40 RMB for the year 2019, with a beginning retained earnings of -1,182,836,599.90 RMB and an ending retained earnings of -1,188,285,862.21 RMB[5]. - The board of directors proposed no profit distribution or capital reserve increase due to the negative retained earnings as of the end of 2019[5]. - The company's operating revenue for 2019 was CNY 10,576,101,343.48, a decrease of 6.44% compared to CNY 11,304,094,016.18 in 2018[22]. - The net profit attributable to shareholders for 2019 was a loss of CNY 158,420,225.40, representing a decline of 183.07% from a profit of CNY 190,713,617.11 in 2018[22]. - The basic earnings per share for 2019 was -CNY 0.18, a decrease of 181.82% from CNY 0.22 in 2018[24]. - The weighted average return on equity for 2019 was -2.83%, a decrease of 6.45 percentage points from 3.62% in 2018[24]. - The total revenue for 2019 was RMB 1,057.61 million, a decrease of 6.44% year-on-year, with a net profit attributable to shareholders of -RMB 158.42 million, down 183.07%[59]. - The company's total assets at the end of 2019 were RMB 1,635.59 million, an increase of 3.95% from the beginning of the year, while total liabilities grew by 7.93% to RMB 1,085.77 million[59]. - The asset-liability ratio at the end of 2019 was 66.38%, an increase of 2.45 percentage points compared to the beginning of the year[59]. Operational Highlights - The company faced a decline in orders and revenue from downstream markets such as the automotive and plastic packaging industries, contributing to the decrease in operating revenue[24]. - The establishment of a new subsidiary, Fujian Tianhua, faced challenges due to a weak downstream market and intense competition, leading to lower gross margins[24]. - The company incurred significant management expenses due to layoffs within the KM Group, impacting net profit[24]. - The quarterly revenue for Q4 2019 was CNY 3,160,686,788.45, with a net profit loss of CNY 67,713,218.89 attributable to shareholders[25]. - The non-recurring loss for the reporting period amounted to -120,566,336.22, primarily due to restructuring costs of 201,010,169.87 related to layoffs and management integration in the Luxembourg subsidiary KM Group[28]. Market and Industry Trends - The global plastic machinery production value is estimated to have decreased by approximately 10% in 2019 compared to 2018, reflecting significant pressure on the industry due to global economic uncertainties[39]. - The automotive industry remains the largest application field for injection and extrusion equipment, but orders have sharply declined due to global economic slowdown and insufficient demand[41]. - The packaging industry saw new orders amounting to 1.41 billion euros (10.91 billion RMB), down 10.41% year-on-year, with sales revenue decreasing by 30.54%[52]. - The global rubber and plastic machinery market is expected to continue its downward trend, with a projected 10% decline in production in 2019[85]. Research and Development - KM Group has over 1,000 patents and achieved 491 significant technological advancements during the reporting period, including 35 national awards[46]. - The company is committed to research and development, particularly in low-temperature technology and automation[197]. - The company is focusing on developing energy-saving and environmentally friendly technologies in the chemical equipment sector, aligning with the trend towards low-carbon economies[86]. Corporate Governance and Compliance - The company appointed PwC Zhongtian as the auditor for the 2019 financial year, with an audit fee of RMB 4.1 million[134]. - The company established independent financial and operational structures to ensure compliance and protect shareholder interests[128]. - The company aims to enhance its governance and operational efficiency through these elections[200]. - The board recommended candidates for the seventh board of directors, including Mr. Bai Xinping and Mr. Jin Gong as non-independent directors[200]. Shareholder Actions - The company executed a share buyback of 188,600 shares in 2019, which accounted for 0.021% of the total share capital, using a total of 2,098,798 RMB[114]. - The company has a performance compensation agreement requiring net profits of at least 47.58 million euros for 2018, 47.71 million euros for 2019, and 57.03 million euros for 2020[116]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for common shareholders[115]. - The company’s largest shareholder, China Chemical Equipment Global Holdings (Hong Kong) Limited, held 454,318,004 shares, representing 51.43% of the total shares after a reduction of 14,506,511 shares[177]. Social Responsibility - The company engaged in targeted poverty alleviation efforts, spending 460,000 RMB on agricultural product purchases and donating educational materials worth 17,200 RMB[149]. - The cumulative amount spent on poverty alleviation during the reporting period was 477,200 RMB[149]. - The company plans to continue its targeted poverty alleviation efforts in 2020, in line with the group's unified arrangements[153].

Financial Performance - Net profit attributable to shareholders decreased by 149.01% to CNY -90,707,006.51, compared to CNY 185,090,387.43 in the same period last year[8] - Operating revenue decreased by 7.47% to CNY 7,415,414,555.03, compared to CNY 8,014,480,746.74 in the same period last year[7] - Basic earnings per share decreased by 147.62% to CNY -0.10 from CNY 0.21 in the same period last year[8] - The company reported a net loss of ¥497,347,336.40, compared to a loss of ¥406,640,329.89 in the previous period, indicating a worsening of approximately 22.43%[23] - The company reported a total loss of approximately $127.68 million for the first three quarters of 2019, compared to a profit of $259.16 million in the same period of 2018[31] - The total comprehensive loss of approximately $7.83 million for Q3 2019, compared to a comprehensive income of $212.56 million in Q3 2018[32] Assets and Liabilities - Total assets increased by 4.01% to CNY 16,365,833,119.63 compared to the end of the previous year[7] - The company's total liabilities reached ¥10,855,395,901.93, compared to ¥10,060,041,671.21, marking an increase of around 7.88%[23] - Non-current liabilities rose to ¥5,319,678,656.81 from ¥5,145,083,880.68, an increase of about 3.39%[23] - Current liabilities totaled ¥5,535,717,245.12, up from ¥4,914,957,790.53, reflecting a growth of approximately 12.63%[23] - The total equity attributable to shareholders decreased to ¥5,510,437,217.70 from ¥5,674,733,879.13, a decline of about 2.89%[23] Cash Flow - Cash flow from operating activities increased by 15.19% to CNY 150,474,948.57 compared to CNY 130,627,392.84 in the same period last year[7] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 9,693,109,707.70, a decrease of 7.36% compared to CNY 10,461,996,572.68 in the same period of 2018[40] - Net cash outflow from investing activities for the first three quarters of 2019 was CNY -269,666,340.92, slightly worse than CNY -263,711,865.97 in 2018[41] - Net cash flow from financing activities for Q3 2019 was CNY 511,482,020.95, a significant improvement compared to CNY -285,721,404.95 in Q3 2018[42] - The net increase in cash and cash equivalents for Q3 2019 was CNY 394,275,541.88, compared to a decrease of CNY -412,235,721.90 in Q3 2018[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 12,560[12] - The largest shareholder, China Chemical Equipment, holds 52.21% of the shares[12] - The company repurchased 188,600 shares, reducing the total share capital from 898,091,474 shares to 897,902,874 shares[18] Operational Metrics - Operating costs decreased by 4.88% to ¥5,652,278,529.23 from ¥5,942,350,794.22 year-on-year[16] - The company reported a significant decrease in asset impairment losses, with a loss of ¥9,520,252.18 compared to a gain of ¥37,025,026.43 in the previous year, reflecting slower inventory turnover[16] - Research and development expenses increased to approximately $53.66 million in Q3 2019, up 30.2% from $41.21 million in Q3 2018[30] - The company is focusing on cost management, with management expenses reported at 3,142,936.27 RMB in Q3 2019, slightly down from 3,145,388.20 RMB in Q3 2018[36] Changes and Developments - The company changed its name from Qingdao Tianhua Chemical Engineering Co., Ltd. to KraussMaffei Co., Ltd. on September 9, 2019[18] - The company completed a significant asset restructuring on December 28, 2018, impacting the financial results for the first nine months of 2019[16]

Financial Performance - The company's operating revenue for the first half of 2019 was approximately RMB 4.90 billion, a decrease of 3.66% compared to RMB 5.08 billion in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of approximately RMB 85.12 million, a significant decline of 202.51% compared to a profit of RMB 83.04 million in the same period last year[18]. - The basic earnings per share for the first half of 2019 was -0.09184 yuan, a decrease of 234.17% compared to 0.06845 yuan in the same period last year[19]. - The weighted average return on net assets was -1.47%, a decrease of 2.63 percentage points compared to 1.16% in the same period last year[19]. - The net cash flow from operating activities was approximately RMB 225.80 million, a decrease of 26.24% compared to RMB 306.13 million in the same period last year[18]. - The company reported a significant decrease in net profit due to global economic changes and reduced investment willingness in the automotive and packaging industries[19]. - The company achieved a reversal of impairment provisions for receivables totaling ¥13,107,535.38[22]. - The company reported a net profit of €47.58 million, €47.71 million, and €57.03 million for the years 2018, 2019, and 2020 respectively, as per the performance compensation agreement[61]. - The company reported a net loss of ¥489,117,558.1 for the first half of 2019, compared to a loss of ¥406,640,329.89 in the same period of 2018[114]. - The total comprehensive income for the first half of 2019 was CNY -162,454,183.16, compared to CNY 16,260,499.65 in the same period last year[123]. Assets and Liabilities - Total assets at the end of the reporting period were approximately RMB 16.09 billion, an increase of 2.27% compared to RMB 15.73 billion at the end of the previous year[18]. - The company's total assets as of June 30, 2019, were CNY 1,609,124,020.00, with total liabilities of CNY 1,057,896,050.00[36]. - The company's total liabilities were ¥8,197,000,000.00, up from ¥7,964,000,000.00, showing an increase of about 2.92%[113]. - Total liabilities increased to ¥10,578,960,466.59 as of June 30, 2019, compared to ¥10,060,041,671.21 at the end of 2018, representing a growth of approximately 5.15%[114]. - The total owner's equity at the end of the period was CNY 5,191,440,594.46, reflecting a decrease of CNY 537,158,483.4[140]. Cash Flow - Cash inflow from operating activities totaled 6,586,840,634.36 RMB, slightly down from 6,630,591,914.89 RMB in the first half of 2018, reflecting a decrease of approximately 0.66%[128]. - The net cash flow from operating activities was 225,800,792.98 RMB, down from 306,125,491.36 RMB in the previous year, representing a decline of about 26.3%[128]. - Cash outflow for operating activities was 6,361,039,841.38 RMB, which is an increase compared to 6,324,466,423.53 RMB in the first half of 2018[128]. - The net cash flow from investing activities was -181,156,256.9 RMB, slightly worse than -178,171,408.48 RMB in the same period of 2018[129]. - Cash inflow from financing activities was 504,400,151.01 RMB, significantly higher than 280,000,000 RMB in the first half of 2018, marking an increase of approximately 80%[129]. Operational Risks and Challenges - The company faced increased financial expenses due to rising operational costs and bank loans to support new projects[19]. - The company faces macroeconomic risks that could impact demand for its equipment and systems, particularly in developed industrial regions and emerging markets[53]. - The company is exposed to industry-related risks, with a significant portion of revenue derived from the automotive sector, which is sensitive to economic conditions[53]. - Operational risks involve rising raw material prices, particularly for steel and oil, which the company is monitoring closely[54]. - The company is managing supplier relationships to mitigate risks associated with delivery delays and quality issues[55]. Strategic Initiatives - The company plans to expand its production capacity in China and establish a new R&D center to enhance service capabilities for the Chinese market[33]. - The company is expanding its proactive maintenance services, which are increasingly important for maintaining customer relationships and brand loyalty[28]. - KM Group promotes remote training to enhance customer operational efficiency, significantly reducing costs compared to traditional training methods[29]. - The company is leveraging advanced communication technologies to provide interactive services, which are expected to drive future growth[31]. - The company aims to strengthen its global market position through innovation and new product development[54]. Shareholder and Equity Information - The total number of shares outstanding is 898,091,474, with 54.28% being restricted shares[91]. - The top shareholder, China Chemical Equipment Global Holdings (Hong Kong) Limited, holds 468,824,515 shares, representing 52.20% of total shares[98]. - The company has three major shareholders with restricted shares that will be released on October 23, 2022, totaling 487,455,450 shares[101]. - The company has not proposed any profit distribution or capital reserve increase plans for the half-year period[59]. - The company will not engage in any activities that may lead to competition with its subsidiaries during its control period[63]. Environmental and Energy Management - The company has established an internal energy management system in Munich to analyze energy consumption continuously and implement energy-saving projects[84]. - The company emphasizes the importance of energy conservation as a significant contribution to environmental protection[84]. - The company ensures that hazardous waste, such as machine oil, is professionally handled to meet safety and emission standards[85]. Accounting and Financial Reporting - The company’s financial statements comply with the requirements of the enterprise accounting standards, reflecting its financial status and operating results accurately[161]. - The company has not disclosed any significant accounting errors that require retrospective restatement during the reporting period[87]. - The company has not reported any major changes in accounting policies or estimates that would significantly impact its financial statements[86]. - The company applies a unified accounting policy for all subsidiaries included in the consolidated financial statements, ensuring consistency in accounting periods and policies[167].

Financial Performance - Operating revenue for the period was ¥2,307,212,095.17, a slight decrease of 0.41% year-on-year[5] - Net profit attributable to shareholders was a loss of ¥61,984,569.68, representing a decline of 346.17% compared to a profit of ¥25,179,941.82 in the same period last year[5] - Total operating revenue for Q1 2019 was CNY 2,307,212,095.17, a slight decrease of 0.4% compared to CNY 2,316,747,767.29 in Q1 2018[24] - The company reported an operating loss of CNY -91,990,061.00, compared to an operating profit of CNY 22,535,736.87 in Q1 2018[24] - Net loss for Q1 2019 was CNY -61,984,569.68, a significant decline from a net profit of CNY 25,179,941.82 in Q1 2018[25] - Total comprehensive loss amounted to CNY -140,218,926.36, compared to a loss of CNY -11,114,668.03 in the previous year[25] Assets and Liabilities - Total assets at the end of the reporting period reached ¥15,894,957,726.31, an increase of 1.02% compared to the end of the previous year[5] - The company's total liabilities increased to CNY 10,360,442,773.54 from CNY 10,060,041,671.21, reflecting a growth of about 3%[19] - The company's current assets decreased to CNY 6,287,042,569.99 from CNY 6,442,790,513.64, reflecting a decline of approximately 2.4%[17] - The company's non-current assets totaled CNY 9,607,915,156.32, an increase from CNY 9,291,985,036.70, indicating a growth of approximately 3.4%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,009[11] - The largest shareholder, China National Chemical Corporation, held 51.56% of the shares[11] - The company's equity attributable to shareholders decreased to CNY 5,534,514,952.77 from CNY 5,674,733,879.13, a decline of about 2.5%[19] Cash Flow - The net cash flow from operating activities was negative at ¥46,088,932.54, a decrease of 122.19% compared to the previous year[5] - In Q1 2019, the company reported a net cash flow from operating activities of -46,088,932.54 RMB, a significant decrease compared to 207,699,920.41 RMB in Q1 2018[30] - Total cash inflow from operating activities was 2,919,704,156.94 RMB, down from 3,186,918,791.10 RMB in the same period last year, representing a decline of approximately 8.36%[30] - The company’s cash outflow from operating activities was 2,965,793,089.48 RMB, slightly lower than 2,979,218,870.69 RMB in Q1 2018[31] - The net cash flow from investing activities was -98,520,220.70 RMB, compared to -86,576,053.16 RMB in Q1 2018, indicating increased investment outflows[31] - Cash flow from financing activities showed a net outflow of -143,053,666.01 RMB, an improvement from -190,257,540.11 RMB in the previous year[32] Expenses - Total operating costs increased to CNY 2,400,628,022.60, up 4.6% from CNY 2,294,932,713.14 in the same period last year[24] - The company incurred financial expenses of CNY 70,706,406.07, which is a substantial increase from CNY 17,028,511.55 in Q1 2018[24] - Research and development expenses were CNY 48,352,064.17, slightly down from CNY 50,900,550.46 in the same quarter last year[24] - Tax expenses for the quarter were CNY -26,685,064.65, compared to CNY 11,667,475.45 in Q1 2018[25] - The company paid 460,702,209.47 RMB to employees in Q1 2019, down from 797,566,455.88 RMB in Q1 2018, reflecting a reduction in labor costs[31]

Financial Performance - The company's operating revenue for 2018 was approximately ¥11.30 billion, representing a 3.59% increase compared to ¥10.91 billion in 2017[23]. - Net profit attributable to shareholders decreased by 13.05% to ¥190.71 million in 2018 from ¥219.34 million in 2017, primarily due to rising raw material prices[25]. - The net cash flow from operating activities fell by 15.89% to ¥566.40 million in 2018, attributed to a temporary halt in sales during the fourth quarter[25]. - The company's total assets increased by 3.42% to approximately ¥15.98 billion at the end of 2018, compared to ¥15.46 billion at the end of 2017[23]. - Basic earnings per share decreased to ¥0.22 in 2018 from ¥0.25 in 2017, a decline of 12%[24]. - The weighted average return on equity dropped to 3.62% in 2018, down from 6.27% in 2017, a decrease of 2.65 percentage points[24]. - The total profit for 2018 was 27,601.05 thousand yuan, a decrease of 31.39% compared to the previous year[52]. - The net profit attributable to shareholders was 19,071.36 thousand yuan, down 13% year-on-year[52]. - The company's total assets at the end of 2018 were 1,598,431.97 thousand yuan, an increase of 3.4% from the beginning of the year[53]. - The company's total liabilities increased by 0.28% to 1,030,958.58 thousand yuan, primarily due to an increase in advance payments and other payables[53]. - The asset-liability ratio at the end of 2018 was 64.5%, a decrease of 2 percentage points from the beginning of the year[53]. Audit and Compliance - The company received a standard unqualified audit report from the accounting firm Li Xin[4]. - The company has committed to ensuring the accuracy and completeness of the financial report[4]. - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2018[176]. - The audit was conducted in accordance with Chinese CPA auditing standards, ensuring independence and adherence to ethical responsibilities[177]. - Key audit matters were identified, emphasizing their importance in the overall audit process[178]. - The company is responsible for preparing financial statements in accordance with accounting standards to ensure fair representation[182]. - The governance layer oversees the financial reporting process of the company[182]. - The audit aims to provide reasonable assurance that the financial statements are free from material misstatement due to fraud or error[183]. Operational Risks and Challenges - There were no significant risks that materially affected the company's operations during the reporting period[7]. - The company has outlined potential risks and countermeasures in the management discussion section of the report[7]. - The company faces market risks due to intensified competition from both international and domestic players, which may challenge its growth[89]. - The company has a significant reliance on accounts receivable, which poses operational risks if not managed effectively[89]. - The company has made progress in developing energy-saving and environmental protection technologies, but must continue to innovate to avoid losing market advantages[90]. Research and Development - The company added 54 new patents during the reporting period, including 25 invention patents, and has a total of 421 patents, with 104 being invention patents[41]. - Research and development (R&D) expenses totaled ¥307,249,830.12, representing 2.72% of operating revenue, with 35.10% of R&D costs capitalized[68]. - The total number of R&D personnel was 703, accounting for 11.26% of the total workforce[68]. - The company has established a comprehensive technology innovation system, recognized as a national technology innovation demonstration enterprise[40]. Market and Industry Trends - The demand for high-end injection molding equipment is increasing, driven by trends in lightweight automotive and 3C industries[36]. - The petrochemical equipment manufacturing industry is experiencing growth, driven by increased investment in downstream oil and gas sectors, with a focus on energy-saving and environmentally friendly technologies[72]. - The demand for high-quality equipment and systems for producing and processing plastics and rubber is increasing due to urbanization and globalization, driven by rising population and living standards[74]. - The packaging industry, automotive industry, electrical/electronic industry, large household appliances, construction industry, and medical industry are key sectors for the company's product applications[76]. Corporate Governance and Shareholder Relations - The company has committed to maintaining a complete and independent labor, personnel, and compensation management system, fully independent from other enterprises controlled by the promisor[115]. - The company guarantees that its business operations are independent from those of other enterprises controlled by the promisor, with the ability to operate autonomously in the market[116]. - The company has established a plan to inject the managed equity into the listed company within one year after fulfilling relevant conditions[99]. - The company will ensure that all assets remain under its control and will not allow any other entities to use its assets for their debts[101]. - The company will not engage in any business that competes with Tianhua Institute during its shareholding period[106]. - The company will implement measures to prevent any direct or indirect competition between its controlled enterprises and Tianhua Institute[106]. Cybersecurity Incident - KM Group reported net profit for the year was impacted by a malicious cyber attack, resulting in a loss of approximately €9,684.56 thousand after tax deductions[121]. - The cyber attack caused an estimated revenue reduction of about €50,000 thousand for the year, affecting the expected net profit by approximately €8,561.22 thousand[121]. - The attack led to direct production costs, including depreciation of fixed assets and wages, amounting to approximately €12,617.24 thousand[121]. - The company employed external IT experts at a cost of approximately €1,625 thousand to recover from the cyber attack[121]. - The network attack affected the production capabilities of the KMT Munich factory and five related assembly points, leading to operational disruptions[120]. Shareholder Structure and Capital Changes - The company issued a total of 487,455,450 ordinary shares, increasing the registered capital to RMB 898,091,474[139]. - CNCE Global Holdings (Hong Kong) Co., Limited holds 468,824,515 shares, representing 52.20% of the company after the capital increase[139]. - The largest shareholder, China National Chemical Research Institute, holds 211,711,049 shares, accounting for 51.56% of the total[143]. - The report indicates no changes in the controlling shareholder or actual controller during the reporting period[146]. - The company has no other shareholders holding more than 10% of shares apart from the identified major shareholders[148]. Employee and Management Compensation - The total compensation for directors, supervisors, and senior management during the reporting period amounted to CNY 302.54 million[151]. - The remuneration for the chairman, Xiao Shiming, was CNY 52.98 million, while the total for the general manager, Sun Zhongxin, was CNY 44.82 million[151]. - The company has not granted any stock incentives to directors or senior management during the reporting period[152]. - The total number of employees in the parent company and major subsidiaries is 6,054, with 12 in the parent company and 6,042 in subsidiaries[156]. - Among the employees, 3,150 are production personnel, 1,695 are sales personnel, and 708 are technical personnel[156].