Financial Performance - The company's operating revenue for 2022 was CNY 16.50 billion, an increase of 4.66% compared to CNY 15.77 billion in 2021[23]. - The net profit attributable to shareholders decreased by 89.02% to CNY 35.46 million from CNY 322.93 million in the previous year[23]. - The basic earnings per share dropped by 91.18% to CNY 0.03 from CNY 0.34 in 2021[24]. - The weighted average return on equity decreased by 5.60 percentage points to 0.58% compared to 6.18% in 2021[24]. - The net cash flow from operating activities increased by 22.68% to CNY 510.30 million from CNY 415.94 million in 2021[23]. - The total assets as of the end of 2022 were CNY 20.21 billion, a decrease of 4.19% from CNY 21.10 billion in 2021[23]. - The company's operating costs increased by 6.50% year-on-year, totaling approximately CNY 14.91 billion[49]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which fell by 616.77%[25]. - The company reported a significant non-operating profit of ¥123,055,834.08 due to fair value changes related to performance compensation from Haili Marili, indicating non-sustainable profit sources[69]. Dividend Distribution - The company plans to distribute a cash dividend of 0.1 RMB per 10 shares, totaling approximately 10.83 million RMB, which represents 30.55% of the net profit attributable to shareholders for the year 2022[5]. - The company distributed cash dividends of 1.50 RMB per 10 shares, totaling 162,662,985.90 RMB (including tax), based on a total of 1,084,419,906 shares[138]. - The company declared a cash dividend of 0.10 CNY per 10 shares, totaling 10,832,794.06 CNY, which represents 30.55% of the net profit attributable to ordinary shareholders in the consolidated financial statements[142]. Audit and Compliance - The company has received a standard unqualified audit report from PwC Zhongtian[4]. - The company has not reported any violations in decision-making procedures regarding external guarantees[7]. - The company’s management team guarantees the authenticity, accuracy, and completeness of the annual report[9]. - The company has not disclosed any significant changes in its board of directors that would affect the report's integrity[8]. - The company reported no significant deficiencies in internal control during the reporting period[146]. - The company has established a comprehensive asset management mechanism, ensuring clear ownership and usage of assets, independent from the controlling shareholder[109]. - The company maintains an independent financial accounting system, with no shared bank accounts with the controlling shareholder[109]. - The company has not faced significant differences in governance compared to regulations set by the China Securities Regulatory Commission[108]. Operational Strategy and Market Position - The company plans to continue focusing on market expansion and new product development to improve future performance[25]. - The company is actively optimizing its global factory layout and increasing R&D investment in China to strengthen its competitive position[42]. - The company is positioned to benefit from the ongoing transition towards energy-efficient and intelligent products in the air conditioning and automotive sectors[40]. - The company aims to solidify its market position in compressors, targeting a sales goal of 27.2 million units for the year[94]. - The company is committed to expanding its international presence and improving its market share through strategic initiatives and technological innovation[91]. - The automotive parts sector will focus on becoming a leading supplier of thermal management systems for new energy vehicles, leveraging existing core competencies[92]. Research and Development - The company launched a global R&D center in early 2022, focusing on advanced motor and drive technology, and initiated the construction of a new materials application platform[36]. - The company has filed a total of 2,630 domestic patent applications, including 951 invention patents, showcasing its strong R&D capabilities[45]. - Research and development expenses totaled 797.76 million yuan, accounting for 4.83% of operating revenue[61]. - The company is focusing on R&D projects aligned with trends in energy conservation, emission reduction, and material savings, including new compressor technologies and solutions for electric vehicle thermal management systems[64]. Environmental and Social Responsibility - The company has invested in pollution control facilities to ensure stable compliance with emission standards[160]. - The company has implemented a self-monitoring plan for environmental emissions, ensuring compliance with relevant standards[163]. - The company has reduced carbon emissions by 5,934 tons through measures such as solar energy utilization[166]. - The company invested 921,900 RMB in poverty alleviation and rural revitalization projects, focusing on industrial and educational support[170]. - The company has engaged in community support activities, including donations to the Shanghai Red Cross and participation in local charity events[169]. - The company received the "ESG Golden Bull Award - Rising Star Enterprise" from the China Social Responsibility Hundred Forum in November 2022[149]. Governance and Management Changes - The company experienced a significant turnover in its board, with several directors and senior management leaving, including the resignation of the general manager and vice chairman[112]. - The company appointed a new general manager, Miao Jun, effective February 2023, following the retirement of former general manager Zhuang Hua[118]. - The company reported a significant leadership change with multiple resignations and appointments in 2022 and early 2023, indicating a strategic shift in management[118]. - The company has a diverse board with members holding various significant positions in other organizations, enhancing its governance and strategic oversight[114]. - The total number of shares held by directors and senior management increased from 2,454,330 to 2,544,330, reflecting a net increase of 90,000 shares during the reporting period[112]. Shareholder Structure and Financing - The total number of ordinary shareholders increased from 50,541 to 53,015 during the reporting period[197]. - The largest shareholder, Shanghai Electric Holding Group Co., Ltd., holds 283,433,348 shares, representing 26.14% of total shares[200]. - The company is actively managing its shareholder structure, with significant changes noted in the top ten shareholders[200]. - The company’s financial strategies include the issuance of bonds with varying interest rates, such as SCP001 at 2.36% and MTN001 at 3.4%[196]. - The company is focused on maintaining a stable capital structure while exploring new financing options[196].

证券代码：600619(A 股) 900910(B 股) 证券简称：海立股份(A 股) 海立 B 股(B 股) 编号：临 2023-026 上海海立（集团）股份有限公司 关于参加 2023 年上海辖区上市公司 年报集体业绩说明会的公告 本公司董事会及全体董事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法律责任。 重要内容提示 ● 会议召开时间：2023 年 5 月 10 日（星期三）下午 15:00-17:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网址： http://roadshow.sseinfo.com/） ● 会议召开方式：上证路演中心网络文字互动 ● 投资者可于 2023 年 4 月 28 日(星期五)至 5 月 9 日(星期二)16:00 前通 过公司投资者关系邮箱 heartfelt@highly.cc 进行提问。公司将在业绩说明会期 间对投资者普遍关注的问题进行回答。 上海海立（集团）股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 日披露公司 2022 年年度报告，并拟于 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[21]. - The net profit attributable to shareholders reached RMB 200 million, up 10% compared to the same period last year[21]. - The company's operating revenue for the first half of the year was approximately ¥8.57 billion, representing a year-over-year increase of 3.96% compared to ¥8.24 billion in the same period last year[24]. - The net profit attributable to shareholders decreased by 21.22% to approximately ¥82.26 million from ¥104.42 million in the previous year[24]. - The company's total revenue for the first half of 2022 was approximately ¥1.42 billion, a decrease of 16.2% compared to ¥1.69 billion in the same period of 2021[163]. - The net profit for the first half of 2022 was approximately ¥18.83 million, a significant decline from ¥140.07 million in the first half of 2021[163]. - The total comprehensive income for the first half of 2022 was approximately -¥40.99 million, compared to ¥86.43 million in the first half of 2021[162]. Assets and Liabilities - The company’s total assets increased to RMB 5 billion, reflecting a growth of 8% from the end of 2021[21]. - The total assets at the end of the reporting period were approximately ¥21.59 billion, reflecting a year-over-year increase of 2.33% from ¥21.10 billion[24]. - The total liabilities increased to ¥14,171,986,548.93 from ¥13,450,480,141.53, an increase of 5.36%[150]. - The total equity attributable to shareholders decreased to ¥6,110,914,759.40 from ¥6,225,484,314.57, a decline of 1.84%[150]. - The total assets as of the end of the reporting period were CNY 10,268,438,714.76, compared to CNY 10,094,611,875.72 at the beginning of the period, showing an increase of about 1.73%[156]. Research and Development - Research and development expenses increased by 25%, totaling RMB 150 million, to support innovation initiatives[21]. - Research and development expenses increased by 37.17% to approximately ¥349.19 million, up from ¥254.56 million in the previous year[43]. - The company is increasing R&D investments to enhance competitiveness and adapt to technological advancements in the air conditioning sector[65]. Market and Product Development - User data showed a 20% increase in active users, reaching 1 million by the end of June 2022[21]. - The company plans to launch two new product lines in Q3 2022, focusing on energy-efficient appliances[21]. - The company’s electric vehicle thermal management system products received orders from clients such as Xiaopeng and BYD, indicating strong market demand[38]. - The company plans to expand its production capacity for new energy vehicle air conditioning compressors, with an annual target of 650,000 units[71]. Cash Flow and Financing - The company's cash flow from operating activities showed a net outflow of approximately -¥171.80 million, an improvement from -¥317.31 million in the previous year[24]. - Cash inflow from operating activities for the first half of 2022 was CNY 8,612,700,691.37, an increase of 18.1% compared to CNY 7,230,325,607.62 in the first half of 2021[171]. - Cash outflow from financing activities decreased to CNY 1,478,014,058.40 from CNY 2,598,578,144.14, resulting in a net cash flow from financing activities of CNY 152,564,693.41[174]. Environmental Compliance - The actual discharge concentration of CODCr from Haili Electric was 78 mg/L, with a total discharge of 13.9 tons, well below the standard limit of 500 mg/L[83]. - The company has established an environmental self-monitoring plan to ensure compliance with pollution discharge standards, with regular monitoring conducted by qualified third parties[92]. - The company has implemented a comprehensive pollution control strategy, with five subsidiaries passing clean production audits and three recognized as "green factories"[94]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its market position in the next fiscal year[21]. - The company has initiated the construction of a new joint venture with VOLTAS LIMITED in India to enhance its market presence[42]. - The company has completed its "14th Five-Year" strategic plan, focusing on dual core businesses in HVAC solutions and automotive thermal management[42]. Shareholder Information - The total number of shares decreased by 652,500, resulting in a total of 1,084,419,906 shares at the end of the reporting period[119]. - The top ten shareholders held a total of 211,700,534 shares, representing 26.14% of the total shares[127]. - The company completed the listing of 130,039,337 shares from a non-public offering in January 2022[122].

Financial Performance - The company's operating revenue for 2021 was approximately ¥15.77 billion, representing a 42.41% increase compared to ¥11.07 billion in 2020[24]. - The net profit attributable to shareholders for 2021 was approximately ¥322.93 million, a significant increase of 98.71% from ¥162.51 million in 2020[24]. - The net cash flow from operating activities for 2021 was approximately ¥415.94 million, reflecting a 20.50% increase from ¥345.19 million in 2020[24]. - The total assets at the end of 2021 were approximately ¥21.10 billion, which is a 41.13% increase compared to ¥14.95 billion at the end of 2020[24]. - The basic earnings per share for 2021 was ¥0.34, up 78.95% from ¥0.19 in 2020[26]. - The weighted average return on equity for 2021 was 6.18%, an increase of 2.54 percentage points from 3.64% in 2020[26]. - The company reported a net profit of ¥190.25 million in Q4 2021, with a quarterly operating revenue of approximately ¥3.86 billion[29]. - The company achieved operating revenue of 15.769 billion RMB, a year-on-year increase of 42.41%[37]. - Net profit attributable to shareholders reached 323 million RMB, a year-on-year growth of 98.71%[37]. Dividend Distribution - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares, totaling approximately 162.66 million RMB, which represents 50.37% of the net profit attributable to ordinary shareholders for the year 2021[7]. - The company distributed a cash dividend of CNY 1.50 per 10 shares, totaling CNY 132,495,038.25 (including tax) to shareholders[162]. - The company has maintained a consistent cash dividend policy prioritizing investor returns while ensuring sustainable development[163]. Acquisitions and Investments - The company completed the acquisition of a 60% stake in Haili Marelli, integrating automotive air conditioning compressor and system businesses into its operations[40]. - The company acquired a 60% stake in Haier Marelli, making it a subsidiary, and initiated a "100-day plan" for business integration and management[168]. - The company invested in 25 major projects focused on transformation, smart manufacturing, and internationalization during the reporting period[41]. - The company plans to invest CNY 48 million to establish a new subsidiary for automotive parts production, with a registered capital of CNY 30 million[94]. Research and Development - The total R&D investment for the period was approximately ¥787.32 million, accounting for 4.99% of operating revenue, with capitalized R&D expenses making up 7.48% of the total[69]. - The company is committed to increasing R&D investment and enhancing the output of invention patents to foster a culture of technological innovation[111]. - The company has a strong emphasis on R&D, with advanced facilities and a high-quality team, enabling it to maintain a competitive edge in technology integration[50]. Market Position and Strategy - The company maintained its leading position in the non-self-supplied sector of the air conditioning compressor market, with a production volume of 26.34 million units, a 1% increase year-on-year[37]. - The company is focusing on expanding its automotive parts business, particularly in electric vehicle components, to capitalize on the growing market[48]. - The company aims to enhance its management capabilities and integrate resources to support high-quality development in its "14th Five-Year" strategic plan[41]. - The company aims to sell 27 million rotary compressors and 39 million refrigeration compressor motors in 2022, targeting growth above market rates for non-household air conditioning compressors and light commercial compressors[111]. Risks and Challenges - The company has identified several risks including industry environment risk, technology risk, merger integration risk, foreign exchange risk, raw material price risk, and goodwill impairment risk[11]. - The company faces risks from industry competition, particularly in the new energy vehicle market, and potential fluctuations in global automotive production and sales[116]. - The company is closely monitoring foreign exchange risks due to the strengthening of the RMB against the USD, which has impacted its export business[116]. - The company faced rising costs for key raw materials such as electrolytic copper, electrical steel, and aluminum, which significantly impacted the profit margins of its main products, including air conditioning compressors and automotive parts[119]. Governance and Compliance - The company has strengthened internal governance and institutional construction to ensure effective management and compliance with legal regulations[124]. - The company maintains independence from its controlling shareholder, Electric Holdings, in terms of assets, personnel, finance, and operations[124]. - The company has established a transparent and independent hiring process for senior management, ensuring compliance with legal requirements[124]. - The audit committee held several meetings throughout the year, including discussions on financial reports and internal control audits[153]. Environmental Responsibility - The company has established wastewater and air pollution control facilities, ensuring compliance with environmental standards and regulations[178]. - The company has not faced any administrative penalties for environmental issues during the reporting period[184]. - The company has actively promoted clean energy usage, with four subsidiaries utilizing rooftop areas to build photovoltaic power stations[188]. - Highly Group's compressor products are designed to reduce carbon emissions at the source, aligning with the trend of energy electrification and enhancing energy efficiency[188]. Employee Management - The total number of employees in the parent company is 40, while the main subsidiary has 9,611 employees, resulting in a total of 9,813 employees[157]. - The company implements a performance-based salary system for management and administrative staff, with annual performance bonuses tied to company performance and board objectives[158]. - The company offers various employee benefits, including paid leave, social insurance, and supplementary medical insurance[158]. - The company conducts both internal and external training programs to enhance employee skills, including initiatives for high-skilled talent development[159].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[22]. - The net profit attributable to shareholders reached RMB 150 million, up 20% compared to the same period last year[22]. - The company’s gross margin improved to 30%, an increase of 5 percentage points year-on-year[22]. - The company's operating revenue for the first half of the year reached ¥8,241,371,999.52, a 64.09% increase compared to ¥5,022,433,174.21 in the same period last year[23]. - Net profit attributable to shareholders was ¥104,420,550.24, reflecting a 94.27% increase from ¥53,750,552.92 year-over-year[23]. - The net profit after deducting non-recurring gains and losses surged by 307.31% to ¥83,952,617.87 from ¥20,611,364.12 in the previous year[23]. - The company reported a basic earnings per share of ¥0.12, doubling from ¥0.06 in the same period last year, indicating a 100% increase[23]. - The company reported a significant increase in sales of compressors and motors due to the continuous recovery of the domestic economy, resulting in a substantial year-on-year growth[2]. - The company achieved operating revenue of 8.241 billion yuan, a year-on-year increase of 64.1%, with main business revenue accounting for 92.8%[37]. - The company reported a net profit attributable to shareholders of 1.04 billion yuan, a year-on-year increase of 94.3%[37]. - The company’s basic earnings per share reached 0.12 yuan, reflecting a year-on-year growth of 100%[37]. - The company’s weighted average return on equity was 2.29%, an increase of 1.09 percentage points year-on-year[37]. - The company reported a total profit for the period of ¥162,545,899.20, up from ¥79,760,233.41, reflecting a growth of approximately 104%[181]. - The company reported a comprehensive income total of ¥86,432,744.26, compared to ¥46,028,775.65 in the prior year, marking an increase of around 88%[183]. Market Expansion and Product Development - User data indicated a growth in active users by 25%, reaching a total of 2 million active users[22]. - The company plans to launch two new product lines in Q3 2021, aiming to capture a larger market share in the cooling technology sector[22]. - Investment in R&D increased by 30% year-on-year, focusing on innovative cooling solutions and energy-efficient technologies[22]. - The company has expanded its market presence in Southeast Asia, with a 15% increase in sales in that region[22]. - The company has established a strong presence in the compressor and automotive parts sectors, following the acquisition of a 60% stake in Haili Marelli, enhancing its product offerings in automotive air conditioning systems[30]. - The company operates with a "research + production + sales" model, focusing on high-quality products to meet customer needs and drive value[31]. - The company has a diversified product range, including traditional automotive air conditioning compressors and new energy vehicle electric scroll compressors, with a global manufacturing and R&D footprint[30]. - The company aims to become a leading supplier of automotive thermal management systems globally, leveraging its international manufacturing bases[30]. - The company plans to establish a new company in Mianyang with an initial total investment of RMB 80 million, holding 71% equity, to engage in the casting and machining of automotive parts[63]. - The company has established a wholly-owned subsidiary for the construction of a global core factory for heat exchangers with a total investment of RMB 197.6 million[63]. Financial Position and Investments - Total assets increased by 27.50% to ¥19,059,233,984.00 from ¥14,947,903,638.64 at the end of the previous year[23]. - The company’s long-term borrowings increased by 339.88% to approximately ¥1.19 billion, indicating a significant rise in debt financing[50]. - The company’s total investment in equity holdings increased by 17.66% from the previous year, reaching approximately ¥3.62 billion[60]. - The company’s total assets for Haier Electric are approximately RMB 1,042.5 million, with net assets of RMB 291.5 million and operating income of RMB 484 million[70]. - The company completed a private placement of 201,772,151 shares at a price of CNY 7.90 per share, raising approximately CNY 1.59 billion[139]. - The total amount of guarantees provided to subsidiaries during the reporting period was approximately CNY 1.87 billion[135]. - The total balance of guarantees to subsidiaries at the end of the reporting period was approximately CNY 1.86 billion, accounting for 31.13% of the company's net assets[135]. Environmental Compliance and Sustainability - The company has been identified as a key pollutant discharge unit in multiple regions, including Shanghai and Jiangxi, for the year 2021[84]. - The actual discharge concentration of COD Cr from Haier Electric was 71 mg/L, significantly below the allowed limit of 500 mg/L, with a total discharge of 16.3 tons[84]. - The actual discharge concentration of BOD 5 was 24.9 mg/L, well under the permitted level of 300 mg/L, with a total discharge of 5.73 tons[84]. - The company reported a total of 274.92 tons of hazardous waste, all managed in compliance with relevant regulations[86]. - The actual discharge concentration of VOCs was 2.0 mg/m³, below the allowed limit of 70 mg/m³, with a total discharge of 0.35 tons[86]. - The company maintained noise levels at 56.3 dB during the day and 46.0 dB at night, both within regulatory limits[86]. - The company has implemented regular monitoring of pollutants as per environmental self-monitoring plans[84]. - The company has received pollution discharge permits from local environmental authorities, indicating compliance with simplified management requirements[87]. - The company has established a hazardous waste storage facility in accordance with pollution control standards[86]. - The company has invested in pollution control facilities to ensure compliance with environmental standards, with effective operation reported during the reporting period[96]. Challenges and Risks - The company faces industry risks from climate change and supply-demand fluctuations, with long-term growth potential in the air conditioning and compressor market despite current uncertainties due to COVID-19 and trade issues[73]. - The company is closely monitoring foreign exchange fluctuations and may use forward foreign exchange contracts to mitigate currency risk[73]. - The company is increasing R&D investment and expanding its research team to enhance competitiveness and adapt to rapid technological advancements in the steam compression refrigeration sector[73]. - The company has established a cost-reduction team to address rising raw material costs, which have significantly increased since the second half of 2020, impacting profit margins[73]. - The company operates 28 factories and 5 R&D centers across 9 countries, facing integration risks post-acquisition of Marelli, particularly in personnel and operations[73]. - The company acknowledges the long-term positive trend in the new energy vehicle industry, despite current developmental challenges and policy-related demand fluctuations[73]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,214[145]. - The largest shareholder, Shanghai Electric Group, held 23.97% of the shares, totaling 211,700,534 shares[146]. - The second-largest shareholder, Zhuhai Gree Electric Appliances, held 10.21% of the shares, totaling 90,223,164 shares[146]. - The company has a total of 16,989,600 restricted shares under the 2019 incentive plan, which are subject to lock-up conditions[148].

Financial Performance - Operating revenue for the first nine months reached CNY 9,648,341,655.74, a growth of 21.37% year-on-year[7] - Net profit attributable to shareholders was CNY 200,711,766.56, reflecting a 1.48% increase compared to the same period last year[7] - The company's basic earnings per share remained stable at CNY 0.23[8] - The net profit after deducting non-recurring gains and losses was CNY 189,096,248.67, an increase of 4.45% year-on-year[7] - Year-to-date revenue reached CNY 964.83 million, a year-on-year increase of 21.37%, while operating profit was CNY 29.74 million, up 5.14%[24] - The net profit attributable to shareholders was CNY 20.07 million, a growth of 1.48%, and the net profit after deducting non-recurring gains and losses was CNY 18.91 million, up 4.45%[24] Assets and Liabilities - Total assets increased by 7.15% to CNY 14,615,089,308.86 compared to the end of the previous year[7] - Total liabilities rose to CNY 9.43 billion, compared to CNY 8.59 billion in the previous year, reflecting an increase of about 9.9%[34] - Non-current assets totaled CNY 5.17 billion, compared to CNY 5.02 billion at the beginning of the year, marking a growth of about 3.0%[34] - The company's equity attributable to shareholders reached CNY 4.24 billion, up from CNY 4.18 billion, reflecting a growth of approximately 1.5%[34] Cash Flow - Cash flow from operating activities showed an improvement, with a net outflow of CNY 96,711,879.66 compared to CNY 107,553,280.90 in the previous year[7] - Operating cash flow net outflow decreased by 10.08 million compared to the same period last year, mainly due to increased bill discounting[23] - Cash and cash equivalents decreased by 30.36% compared to the beginning of the year, primarily due to increased investments in fixed assets[15] - Cash inflow from operating activities was 618,416,445.78 RMB for the first nine months of 2018, compared to 16,780,643.06 RMB in the same period last year[52] - Total cash outflow from operating activities was 645,276,736.63 RMB for the first nine months of 2018, compared to 78,136,028.57 RMB in the previous year[52] Shareholder Information - The total number of shareholders reached 56,819, with the top ten shareholders holding a combined 56.68% of shares[12] - Shanghai Electric Group Company held 22.05% of shares, making it the largest shareholder[12] Operational Highlights - In Q3, the company sold 5.23 million rotary air conditioning compressors, a year-on-year decrease of 12.1%, while total sales from January to September reached 19.65 million units, an increase of 9.3%[24] - The company sold 637,000 motors in Q3, down 13.1% year-on-year, with total sales of 21.84 million units from January to September, reflecting a growth of 6.0%[24] Investment and Financing Activities - Short-term borrowings increased by 46.79% compared to the beginning of the year, indicating a rise in short-term financing[17] - Long-term borrowings increased by 243.42% compared to the beginning of the year, reflecting significant long-term financing activities[18] - The company raised 604,100,000.00 RMB through borrowings in Q3 2018, with no cash inflow from other financing activities reported[53] Management and Expenses - Management expenses increased by 48.00% year-on-year, mainly due to higher personnel costs[21] - The company reported a 92.18% increase in non-operating income year-on-year, mainly due to increased quality compensation from suppliers[21] Future Outlook - Future outlook includes plans for market expansion and potential new product launches to drive revenue growth[40]

Financial Performance - The company's operating revenue for the first half of 2018 reached ¥6,983,295,592.26, representing a 32.05% increase compared to ¥5,288,481,460.81 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was ¥168,176,883.73, up 47.08% from ¥114,345,501.52 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥155,329,712.44, a 57.83% increase from ¥98,416,023.68 in the same period last year[21]. - Basic earnings per share for the first half of 2018 were ¥0.19, reflecting a 46.15% increase from ¥0.13 in the same period last year[22]. - The weighted average return on net assets increased to 3.96%, up 1.14 percentage points from 2.82% in the previous year[22]. - The company achieved a revenue of approximately 6.98 billion RMB, an increase of 32.05% compared to the same period last year[36]. - The operating costs rose to approximately 6.06 billion RMB, reflecting a 31.78% increase year-on-year, primarily due to increased sales volume and rising material prices[37]. - The company reported a total comprehensive income of ¥202,141,978.19 for the first half of 2018, compared to ¥151,800,652.22 in the previous year, showing an increase of approximately 33%[122]. Assets and Liabilities - The company's total assets increased by 7.38% to ¥14,646,357,096.70 from ¥13,640,085,976.60 at the end of the previous year[21]. - The total liabilities reached CNY 9,552,948,173.39, up from CNY 8,591,384,266.65, indicating an increase of about 11.22%[116]. - Cash and cash equivalents decreased to CNY 1,155,216,675.88 from CNY 1,461,434,264.58, representing a decline of about 20.93%[114]. - Accounts receivable rose to CNY 2,846,304,977.08 from CNY 1,944,294,989.12, marking an increase of approximately 46.49%[114]. - Short-term borrowings increased significantly to CNY 2,969,437,106.31 from CNY 1,783,501,012.53, reflecting a growth of about 66.67%[115]. Cash Flow - The company reported a net cash flow from operating activities of -¥65,699,744.03, compared to -¥225,172,400.41 in the same period last year, indicating an improvement[21]. - Cash inflow from financing activities totaled ¥2,131,612,189.11, compared to ¥1,193,140,194.23 in the previous period, marking an increase of approximately 78.7%[128]. - The net increase in cash and cash equivalents was negative at ¥-318,799,149.75, compared to a negative increase of ¥-185,561,630.67 in the prior period[128]. Production and Sales - The company achieved a sales volume of 10,843 million units in the rotor compressor industry during the first half of 2018, representing a year-on-year growth of 15.9%[28]. - The overall production of air conditioning compressors in the first half of 2018 was 10,623 million units, reflecting a year-on-year growth of 16.3%[33]. - The sales volume of air conditioning compressors reached 14.42 million units in the first half of the year, representing a year-on-year increase of 20.0%[34]. - The sales of electric motors amounted to 15.47 million units, with a year-on-year growth of 16.7%[34]. Investments and Projects - The company approved a capital increase of CNY 150 million for Anhui Haili, raising its registered capital to CNY 330.61 million, with Haili's contribution being CNY 99.12 million[46]. - The Sichuan Fusheng energy-efficient motor project has a total planned investment of CNY 485.8 million, aiming for an annual production capacity of 14.2 million units[49]. - The investment for the new large-scale compressor project in Nanchang is planned at CNY 619.65 million, with a focus on producing 4.4 million units annually[50]. Environmental and Social Responsibility - The company has been included in the list of key pollutant discharge units, with all pollutants discharged in compliance with regulations[85]. - The actual discharge of wastewater pollutants from the company is within the allowed limits, with no exceedances reported[85]. - The company plans to continue its social responsibility initiatives, including donations to the Red Cross and community support activities[84]. Corporate Governance - The company appointed PwC as its new auditor for the 2018 financial statements, with audit fees of 1.36 million RMB[72]. - The company has a total of 121,570,477 restricted shares that became tradable on August 13, 2018[71]. - The top ten shareholders include Shanghai Electric Group with 20.22% ownership (175,128,920 shares) and Hangzhou Fusheng Holdings with 10.18% ownership (88,228,885 shares), the latter being fully pledged[102]. Accounting and Financial Reporting - The financial statements are prepared based on the accrual basis of accounting, with historical cost as the measurement basis, and impairment provisions are made when necessary[148]. - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring that the financial statements accurately reflect the financial position and performance as of June 30, 2018[149]. - The company evaluates its ability to continue as a going concern and has found no significant doubts regarding its ongoing viability for the next 12 months[148].

Financial Performance - The company's total revenue for 2017 reached ¥10,446,775,442.05, representing a 41.48% increase compared to ¥7,383,730,555.87 in 2016[23] - The net profit attributable to shareholders for 2017 was ¥281,230,857.96, a 59.64% increase from ¥176,163,603.81 in the previous year[23] - The net profit after deducting non-recurring gains and losses was ¥236,347,618.12, which is a 149.40% increase compared to ¥94,768,080.38 in 2016[23] - Basic earnings per share increased by 60% to CNY 0.32 from CNY 0.20 in the previous year[24] - The weighted average return on equity rose to 6.87%, an increase of 2.39 percentage points compared to 4.48% in 2016[24] - The company reported a net cash flow from operating activities of CNY 877,744,960.05 in the fourth quarter, a significant recovery from previous quarters[26] - The net profit after deducting non-recurring gains and losses for the fourth quarter was CNY 55,308,255.22, reflecting strong operational performance[26] - The company's EBITDA for 2017 was RMB 1,020,415,680.49, representing an 18.88% increase compared to RMB 858,376,350.09 in 2016[185] Cash Flow and Assets - The net cash flow from operating activities for 2017 was ¥770,191,679.15, showing an 11.46% decrease from ¥869,854,220.35 in 2016[23] - The total assets at the end of 2017 amounted to ¥13,640,085,976.60, reflecting a 16.74% increase from ¥11,684,041,900.47 at the end of 2016[23] - The net assets attributable to shareholders increased to ¥4,180,168,864.09, a 4.72% rise from ¥3,991,847,229.56 in 2016[23] - The total assets of the company as of December 31, 2017, increased to CNY 2,989,544,096.27, representing a year-on-year growth of 3.50%[70] - The total bank credit line at the end of the reporting period was RMB 9.78 billion, with RMB 3.964 billion utilized[187] Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥1.20 per 10 shares, totaling ¥103,957,278.60, which will be subject to shareholder approval[6] - The remaining undistributed profit at the end of the year was ¥163,964,098.60, which will be carried forward to the next year[6] - In 2017, the company distributed a cash dividend of RMB 1.20 per 10 shares, amounting to RMB 103,957,278.60, with a payout ratio of 36.97% of the net profit attributable to ordinary shareholders[97] - The company has not proposed a cash profit distribution plan despite having positive distributable profits, indicating a focus on long-term growth and sustainability[97] Market Performance and Sales - In 2017, the company achieved sales of 22.35 million units of rotary compressors, capturing 12.53% of the Chinese compressor market[34] - The company’s electric motor sales reached 28.99 million units in 2017, marking a year-on-year growth of 41.2%[42] - The company’s automotive electric compressor sales amounted to 83,300 units, representing a 10.49% share of the new energy vehicle market[35] - The company maintained a leading position in the non-self-supplied market with a 30.30% market share[34] - The company’s castings sales reached 81,000 tons in 2017, reflecting a year-on-year increase of 34.8%[42] Research and Development - The company's R&D expenditure increased by 25.57% to CNY 406,997,314.35, reflecting a commitment to innovation[45] - Total R&D investment amounted to CNY 406.99 million, representing 3.90% of operating revenue, with 850 R&D personnel making up 15.52% of the total workforce[60] - The company is focusing on expanding into new markets such as heating, refrigeration, and automotive sectors, achieving significant breakthroughs in these areas[42] - The company is increasing its research and development investment and expanding its research personnel to improve product development and competitiveness[92] Risks and Outlook - The company has identified various risks including industry environment risk, production cost price risk, and technology risk that may impact future operations[9] - The management's outlook for future operations is based on current economic policies and market conditions, but does not constitute a performance commitment[9] - The company recognizes the risks associated with rising labor costs and fluctuating raw material prices, which could impact production costs[91] - The company is closely monitoring market and technological trends to enhance its competitive position and maintain its industry leadership, particularly in the development of new environmentally friendly refrigerants[92] Corporate Governance and Compliance - The company has completed the restructuring of its board of directors and supervisory board, ensuring stable governance[166] - The company has maintained compliance with information disclosure obligations, ensuring accurate and timely reporting[167] - The company has not faced any penalties from securities regulatory agencies in the past three years[159] - The company renewed its appointment of Deloitte Huayong as the financial audit institution for 2017, with an audit fee of 1.56 million yuan[107] Social Responsibility and Environmental Initiatives - The company actively engaged in social responsibility initiatives, including partnerships for rural assistance and community support[119] - The company donated CNY 800,000 to support poverty alleviation efforts, including CNY 7500 to help local fruit farmers and CNY 300,000 to the Shanghai Red Cross[120][122] - The company is committed to social responsibility, focusing on energy conservation, environmental protection, and intelligent manufacturing trends[125] - The company has established a waste disposal system, with 36.20 tons of solid waste and 85.31 tons of hazardous waste properly managed[128] Employee and Management Structure - The total number of employees in the parent company is 38, while the main subsidiaries employ 5,333, resulting in a total of 5,476 employees[160] - The company has implemented a performance-based salary system for management and administrative staff, with quarterly and annual performance evaluations determining bonuses[161] - The company has established a high-skill talent training base and conducts various training programs to enhance employee capabilities[162] Shareholder Information - The largest shareholder, Shanghai Electric Group Corporation, holds 175,128,920 shares, representing 20.22% of the total shares[137] - The report indicates that the controlling shareholder, Shanghai Electric Group Corporation, has a holding ratio of 58.83% in the listed company[142] - The total number of shares held by the chairman, 董鑑华, remained at 0 throughout the reporting period[150]

2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2018 年第一季度报告 公司代码：600619 公司简称：海立股份 上海海立（集团）股份有限公司 2018 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | 7,078.83 | | | 越权审批，或无正式批准文件，或偶发性的税收返还、 | | | | 减免 | | | | 计入当期损益的政府补助，但与公司正常经营业务密 | 7,687,018.73 | 主要为子公司确认递延收 | | 切相关，符合国家政策规定、按照一定标准定额或定 | | 益摊销人民币 | 3 / 19 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 14,058,204,334.46 13,640,085,976 ...

Financial Performance - Operating revenue for the first nine months reached CNY 7.95 billion, a 50.61% increase year-on-year[6] - Net profit attributable to shareholders surged by 261.89% to CNY 197.79 million for the first nine months[6] - Basic earnings per share increased by 283.33% to CNY 0.23[7] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by 488.81% to CNY 181.04 million[6] - Operating profit for the first nine months of 2017 was ¥293,091,734.41, up from ¥67,851,273.95 in the same period last year, reflecting a growth of approximately 332%[36] - Net profit for Q3 2017 was ¥109,359,825.70, compared to ¥24,473,028.47 in Q3 2016, representing a year-over-year increase of about 347%[37] - The net profit for the first nine months of 2017 was CNY 90,605,898.68, compared to CNY 129,424,219.61 for the same period last year, indicating a decrease of about 30%[40] Assets and Liabilities - Total assets increased by 14.08% to CNY 13.33 billion compared to the end of the previous year[6] - The company reported a total asset of CNY 13,329,577,911.61 as of September 30, 2017, compared to CNY 11,684,041,900.47 at the beginning of the year, reflecting an increase of approximately 14.06%[27] - Current assets amounted to CNY 8,299,107,018.94, up from CNY 6,490,041,624.03 at the start of the year, indicating a growth of about 27.83%[28] - Total liabilities reached CNY 8,368,889,001.47, up from CNY 6,900,535,480.57, which is an increase of around 21.25%[29] - The company's equity attributable to shareholders increased to CNY 4,095,497,380.19 from CNY 3,991,847,229.56, reflecting a growth of about 2.60%[29] Cash Flow - Net cash flow from operating activities decreased by 117.71% to -CNY 107.55 million[6] - The net cash flow from operating activities for the first nine months of 2017 was approximately -¥61.36 million, worsening from -¥46.48 million in the same period of 2016[47] - Net cash flow from operating activities in Q3 2017 was negative at approximately -¥107.55 million, a significant decline from a positive cash flow of ¥607.47 million in Q3 2016[45] - Cash received from sales and services in Q3 2017 was approximately ¥6.74 billion, an increase of 20.6% compared to ¥5.59 billion in Q3 2016[45] Shareholder Information - The total number of shareholders reached 61,375, with the largest shareholder holding 20.22% of shares[10] - The company plans to transfer 20.22% of its shares held by the controlling shareholder, Shanghai Electric Group, through a public solicitation process[22] Operational Highlights - The sales volume of rotary air conditioning compressors reached 5.95 million units in the third quarter, a year-on-year increase of 70.2%[20] - The company has completed the construction of a high-efficiency energy-saving smart motor project, with an annual production capacity of 14.2 million sets[21] - The company has not disclosed any new product developments or market expansion strategies in this report[9] Financial Stability - The report indicates that the financial statements have not been audited, which may affect the reliability of the data presented[5] - The company did not report any significant changes in net profit or losses compared to the previous year, indicating stability in financial performance[26] - The company has maintained a stable capital reserve of ¥2,045,644,178.22, indicating strong financial health and capacity for future investments[33]