常林股份有限公司 2014 年第三季度报告 常林股份有限公司 2014 年第三季度报告 1 / 19 | 目录 | | --- | 1.3 公司负责人吴培国先生、主管会计工作负责人邱菊瑛女士及会计机构负责人（会计主管人员） 郝忠伟先生保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 常林股份有限公司 2014 年第三季度报告 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 常林股份有限公司 2014 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员应当保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 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 2,828,402,924.43 2, ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 551.90 million, a decrease of 12.25% compared to the same period last year[22]. - The net profit attributable to shareholders was a loss of CNY 54.97 million, an improvement of CNY 21.88 million compared to the previous year's loss of CNY 76.85 million[22]. - The net cash flow from operating activities was a negative CNY 85.03 million, compared to a negative CNY 107.02 million in the same period last year[22]. - Operating costs decreased by 14.02% to CNY 506.79 million from CNY 589.43 million, reflecting the decline in revenue[29]. - The company achieved a sales revenue completion rate of 36.80% towards its annual target of CNY 1.5 billion, with actual sales of CNY 55.20 million in the first half[29]. - The gross margin for the engineering machinery segment increased by 1.91 percentage points, despite a 10.91% decline in revenue to CNY 545.09 million[35]. - The overseas market continued to show weak growth, with a 12.59% decline in revenue to CNY 161.03 million[36]. - The company reported a total investment income of 12,455,971.46 for the first half of 2014, compared to 5,150,688.13 in the same period of 2013, showing a significant increase[198]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -72,714,916.70 for the first half of 2014, slightly better than -78,717,586.86 in the same period of 2013[199]. Assets and Liabilities - The company's total assets increased by 2.05% to CNY 2.86 billion compared to the end of the previous year[22]. - Current assets total 1,517,093,512.89 RMB, up from 1,456,046,217.64 RMB at the start of the year[72]. - Total current liabilities increased to CNY 1,009,900,823.49 from CNY 846,243,860.59, representing a growth of approximately 19.3%[73]. - Total liabilities reached CNY 996,300,738.41, up from CNY 918,006,045.53, indicating an increase of 8.5%[76]. - The company's retained earnings decreased to CNY 481,794,599.59 from CNY 536,693,391.03, a decline of 10.2%[76]. - The total equity attributable to shareholders was CNY 1,815,187,794.59, down from CNY 1,869,181,415.56, a decrease of 2.9%[76]. - The total accounts receivable as of June 30, 2014, amounted to CNY 795,656,944.80, with a bad debt provision of CNY 102,155,090.14, representing 12.84% of the total receivables[166]. - The total amount of significant individual accounts receivable with full bad debt provisions was CNY 10,497,233.22, with a 100% provision rate due to low recovery possibility[167]. Cash Flow - The net cash flow from financing activities increased significantly by 256.90% to CNY 69.41 million, attributed to new bank loans[29]. - Cash flow from operating activities shows a net outflow of -¥85,032,300.70, an improvement from -¥107,024,122.22 in the previous period[84]. - Cash flow from investing activities generated a net inflow of ¥1,334,664.58, compared to a net outflow of -¥45,206,009.48 in the previous period[84]. - The company reported a bad debt loss of 22,100,371.90 in the first half of 2014, compared to 23,407,832.17 in the same period of 2013, showing a decrease of approximately 5.6%[196]. Operational Strategy - The company aims to activate five business mechanisms and enhance five product series to improve market competitiveness[26]. - New product development includes energy-saving products in loaders and high-power models in road machinery, with a focus on accelerating market launch[27]. - The company is exploring new operational models in the coal machinery sector and has established a joint venture for this purpose[26]. - The company is implementing a marketing network optimization project to enhance domestic sales and expand overseas marketing channels[26]. Related Party Transactions - The company reported a total of 77.44 million RMB in related party transactions during the reporting period, accounting for 13.59% of the estimated total annual related party transactions[48]. - The largest related party transaction was the purchase of goods from Guokai Heavy Industry (Changzhou) Excavator Co., Ltd., amounting to 23.75 million RMB, representing 5.25% of similar transactions[51]. - The company provided funding to related parties totaling 12.03 million RMB by the end of the reporting period, with a beginning balance of 10.64 million RMB[53]. Compliance and Governance - The company has no major litigation, arbitration, or media disputes during the reporting period[46]. - There were no bankruptcy reorganization matters reported during the period[47]. - The company has maintained compliance with its commitments and has not encountered any issues with the fulfillment of these commitments[56]. - The company has not faced any penalties or criticisms from regulatory bodies during the reporting period[57]. - The company has established a board of directors to manage and control significant decisions and daily operations[101]. Accounting Policies - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[102][103]. - The company recognizes revenue from sales of goods when the significant risks and rewards of ownership have been transferred to the buyer, and the amount of revenue can be reliably measured[141]. - The company applies a 15% corporate income tax rate as it is recognized as a high-tech enterprise, while subsidiaries have varying rates of 25%, 30%, and 28%[152]. - The company classifies leases as either finance or operating leases, with finance leases recorded at the lower of the fair value of the leased asset or the present value of minimum lease payments[145].

Financial Performance - Net profit attributable to shareholders was a loss of CNY 39,131,780.13, an improvement from a loss of CNY 43,074,271.87 in the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 52,607,624.74, compared to a loss of CNY 43,864,434.07 in the same period last year[9] - The net loss for Q1 2014 was CNY 39,654,398.72, compared to a net loss of CNY 43,588,796.81 in Q1 2013, representing an improvement of 9.5%[25] - The company reported a basic and diluted earnings per share of -0.06 for Q1 2014, compared to -0.07 in Q1 2013[25] Revenue and Costs - Operating revenue decreased by 6.45% to CNY 274,156,099.87 compared to CNY 293,054,021.09 in the previous year[9] - Total operating revenue for Q1 2014 was CNY 274,156,099.87, a decrease of 6.4% compared to CNY 293,054,021.09 in the same period last year[25] - Total operating costs for Q1 2014 were CNY 321,644,021.91, down 3.8% from CNY 334,545,570.65 year-on-year[25] Assets and Liabilities - Total assets increased by 0.47% to CNY 2,815,019,528.09 compared to the end of the previous year[9] - The company's current assets totaled CNY 1,472,098,063.13, slightly up from CNY 1,456,046,217.64 at the start of the year[17] - The company's total liabilities rose to CNY 977,008,309.08 from CNY 924,828,577.67, reflecting an increase of about 5.6%[19] - Current liabilities increased to CNY 940,142,452.50 from CNY 839,421,328.45, reflecting a rise of 12%[23] - The total equity attributable to shareholders decreased to CNY 1,833,891,866.30 from CNY 1,871,806,737.21, a decline of about 2.0%[19] - The total equity attributable to shareholders was CNY 1,832,354,379.06, down from CNY 1,869,181,415.56 at the start of the year, a decrease of 2%[23] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 94,620,078.11, worsening from a net outflow of CNY 17,396,052.79 in the same period last year[9] - The net cash flow from operating activities was -94,620,078.11 RMB, a significant decline compared to -17,396,052.79 RMB in the previous period, indicating worsening operational cash flow[28] - Total cash inflow from operating activities was 123,036,260.64 RMB, down 26.5% from 167,513,211.79 RMB in the previous period[28] - Cash outflow from operating activities increased to 217,656,338.75 RMB, compared to 184,909,264.58 RMB in the previous period, reflecting higher operational costs[28] - Cash flow from investing activities showed a net outflow of -30,303,528.91 RMB, worsening from -21,898,202.27 RMB in the previous period, indicating increased investment expenditures[28] - Cash inflow from financing activities was 135,000,000.00 RMB, up 80% from 75,000,000.00 RMB in the previous period, reflecting successful borrowing efforts[28] - The net cash flow from financing activities was 64,832,083.36 RMB, a recovery from -4,755,174.98 RMB in the previous period, indicating improved financing conditions[28] - The ending cash and cash equivalents balance decreased to 229,972,128.71 RMB from 453,350,553.17 RMB in the previous period, showing a significant reduction in liquidity[28] Shareholder Information - The number of shareholders totaled 46,230 at the end of the reporting period[12] Non-Operating Income - The company received non-operating income of CNY 16,179,213.25 from fixed asset disposals, a significant increase of 1188.14% compared to the previous year[13] Inventory - The company’s inventory as of March 31, 2014, was CNY 401,398,783.69, a slight increase from CNY 398,880,993.68 at the beginning of the year[23] Borrowings - Short-term borrowings rose by 25.93% to CNY 340,000,000.00 as new bank loans were obtained during the reporting period[13] - Short-term borrowings increased significantly to CNY 340,000,000.00 from CNY 270,000,000.00, marking a rise of approximately 25.9%[19] Employee Compensation - The company paid 31,260,568.48 RMB to employees, slightly down from 33,170,289.35 RMB in the previous period, indicating stable employee compensation levels[28] Commitments and Future Plans - The company has committed to resolving industry competition issues through asset acquisitions and restructuring within five years[15] - There were no reported instances of non-fulfillment or overdue commitments as of the report date[16] - The company plans to continue disclosing the progress of its commitments to maintain investor interests and promote stable development[16]

Financial Performance - The company's operating revenue for 2013 was CNY 1,150,032,293.91, a decrease of 15.93% compared to CNY 1,367,986,192.32 in 2012[24] - The net profit attributable to shareholders for 2013 was a loss of CNY 216,236,347.79, compared to a profit of CNY 9,617,032.85 in 2012, representing a decrease of 2,348.47%[24] - The total assets at the end of 2013 were CNY 2,801,934,953.62, down 9.20% from CNY 3,085,768,502.38 in 2012[24] - The net assets attributable to shareholders decreased by 10.33% to CNY 1,871,806,737.21 from CNY 2,087,525,482.11 in 2012[24] - The basic earnings per share for 2013 was -CNY 0.34, a significant decline from CNY 0.02 in 2012[24] - The weighted average return on net assets for 2013 was -10.92%, a decrease of 11.38 percentage points from 0.46% in 2012[24] - The company reported a total profit of -CNY 204.59 million, with a net profit attributable to shareholders of -CNY 216.23 million[28] - The company reported a net profit decline, with retained earnings dropping to CNY 540,459,900.37 from CNY 756,696,248.16, a decrease of about 28.6%[127] - The company reported a net loss of CNY 216,236,347.79 for the year 2013, with no cash dividend distribution proposed[68] Revenue Breakdown - The company's total revenue for 2013 was CNY 1.15 billion, a decrease of 15.93% compared to the previous year[28] - The main business revenue from earth-moving machinery decreased by 13.68% to CNY 707.55 million, accounting for 55.68% of total revenue[32] - The revenue from road machinery fell by 27.66% to CNY 182.63 million, representing 34.67% of total revenue[32] - The company’s operating income decreased significantly, with a decline of 15.25% in the engineering machinery sector, reflecting a substantial drop in profitability[43] - The overseas operating income fell by 30.79%, indicating a challenging international market environment[43] Cash Flow and Investments - The company reported a net cash flow from operating activities of -CNY 65,700,747.58 for 2013, an improvement from -CNY 93,307,934.38 in 2012[24] - Cash flow from operating activities increased significantly due to reduced payments for procurement, while cash flow from investing activities decreased due to increased final payments for completed industrial park construction[40] - The company reported a 36.03% decrease in cash and cash equivalents, down to ¥356,070,465.21, compared to the previous period[44] - The company has not made any equity investments or loans during the year, maintaining a conservative investment strategy[48] - The company has utilized ¥39,564.38 million of the ¥49,999.99 million raised through non-public offerings, with a remaining balance of ¥10,435.61 million[50] Cost Control and Efficiency - Research and development expenses decreased by 16.79% to CNY 48.15 million, reflecting cost control measures[32] - The company is focusing on lean management to reduce costs and improve operational efficiency amid a challenging market environment[28] - The company plans to focus on cost control and operational efficiency to improve future performance[132] Strategic Initiatives - The company implemented a project management approach for new product development, aiming to enhance product variety and quality[28] - The company plans to focus R&D on high-tech, intelligent, large-scale, and environmentally friendly products in the future[39] - The company aims to enhance its core capabilities and build a strong brand through resource control, technological innovation, market expansion, and capital operations[61] - The company plans to achieve a sales revenue target of 1.5 billion yuan in 2014, focusing on product, site, mechanism, personnel, and performance changes[63] Shareholder and Governance - The company has established a shareholder return plan for 2012-2014, focusing on enhancing shareholder returns while ensuring stable development[67] - The company has committed to being the sole capital operation platform for the China National Machinery Group's engineering machinery and special vehicle business, with a five-year commitment to resolve competition issues through asset injection[77] - The company has improved its corporate governance structure and strictly adheres to relevant laws and regulations regarding information disclosure[105] - The company has maintained a good relationship with its major shareholders and has not found any violations regarding fund transactions with them[105] Internal Control and Compliance - The company maintained effective internal control over financial reporting as of December 31, 2013, according to the audit by the accounting firm[116] - The company’s internal control system was revised based on regulatory requirements and previous work, ensuring compliance and effectiveness[116] - The independent directors did not raise any objections to the board's proposals during the reporting period[109] Employee and Management - The number of employees in the parent company is 1,183, while the total number of employees in the parent company and major subsidiaries is 1,315[101] - The company has established a training system that combines internal and external training for its employees[103] - The company has implemented a salary policy based on fairness, competition, and performance, linking salary to attendance and company performance[102] Financial Reporting and Accounting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[157] - The company’s accounting is based on the accrual basis, with historical cost as the primary measurement principle[160] - The consolidated financial statements are prepared in accordance with the Accounting Standards for Business Enterprises No. 33, with all significant internal transactions and balances eliminated[165]