Financial Performance - Operating revenue decreased by 14.42% to CNY 16.03 billion year-on-year[11] - Net profit attributable to shareholders decreased by 5.76% to CNY 78.86 million compared to the same period last year[11] - The company reported a net profit margin decline due to reduced operating revenue, impacting overall profitability[39] - The net profit attributable to the parent company's shareholders decreased from ¥293,595,651.67 to ¥166,870,457.04, a decline of about 43.3%[43] - The total profit decreased from ¥388,942,049.32 to ¥230,405,286.01, a decline of about 40.6%[43] - The total comprehensive income attributable to the parent company was ¥57,160,470.37, down from ¥85,709,251.60, a decrease of approximately 33.3%[45] Cash Flow - Net cash flow from operating activities was negative at CNY -3.67 billion, compared to CNY 1.46 billion in the previous year[11] - Net cash flow from operating activities dropped by 351.5% to -CNY 3,671,985,704.62 due to increased procurement payments[20] - The net cash outflow from operating activities was CNY -3,671,985,704.62, compared to a net inflow of CNY 1,460,219,793.57 in the same period last year[56] - The cash inflow from financing activities was CNY 9,478,724,459.21, significantly higher than CNY 5,310,054,903.18 in Q1 2019, marking an increase of 78.5%[56] - The net cash flow from financing activities surged by 7351.3% to CNY 3,093,613,616.15, reflecting increased short-term financing[20] Assets and Liabilities - Total assets increased by 16.25% to CNY 47.18 billion compared to the end of the previous year[11] - Total liabilities rose to ¥37.40 billion, up from ¥30.88 billion, indicating a year-over-year increase of about 21%[31] - Current liabilities totaled ¥34.94 billion, compared to ¥28.39 billion in the previous year, reflecting a growth of around 23%[31] - Non-current liabilities amounted to ¥2.46 billion, slightly down from ¥2.50 billion, showing a decrease of about 1.3%[31] - Total current assets amounted to CNY 35,840,031,385.58, up from CNY 29,159,952,762.54 in the previous year[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,579[18] - The largest shareholder, China National Machinery Industry Group, holds 23.23% of shares[15] - The company's equity attributable to shareholders increased to ¥4.88 billion from ¥4.82 billion, a rise of approximately 1.5%[33] Inventory and Prepayments - Prepayments increased by 32.4% to CNY 7,651,999,240.62 due to peak procurement activities in the supply chain operations[20] - Inventory rose by 122.0% to CNY 8,791,790,099.80 as sales progress was lower than the same period last year[20] - The total inventory is valued at CNY 3,959,587,542.89, reflecting the company's stock levels[64] Research and Development - Research and development expenses decreased by 31.5% to CNY 44,529,742.48, reflecting reduced investment in R&D activities[20] - Research and development expenses decreased from ¥65,039,756.29 to ¥44,529,742.48, a reduction of approximately 31.5%[43] Financial Expenses - Financial expenses decreased by 35.9% to CNY 131,139,424.67, driven by lower financing costs and increased foreign exchange gains[20] - The financial expenses, including interest expenses, decreased from ¥204,686,189.37 to ¥131,139,424.67, a reduction of approximately 35.8%[43] Future Outlook - The company is focusing on market expansion and new product development to drive future growth[39] - The company plans to enhance its financial position through strategic investments and potential acquisitions in the upcoming quarters[39]

Financial Performance - Operating revenue for 2019 was 8,436.53 million, an increase of 2.94% compared to 2018[23]. - Net profit attributable to shareholders was 44.09 million, a decrease of 3.21% from the previous year[23]. - Net profit after deducting non-recurring gains and losses was 37.88 million, down 15.44% year-on-year[23]. - The net cash flow from operating activities was 343.36 million, an increase of 6.51% compared to 2018[23]. - The total assets at the end of 2019 were 4,058.06 million, a decrease of 5.01% from the end of 2018[23]. - Basic earnings per share for 2019 were 0.34 yuan, a decrease of 2.86% from 2018[23]. - The weighted average return on equity was 9.52%, down 1.32 percentage points from the previous year[23]. - In Q4 2019, operating revenue was 2,081.39 million, with a net profit of 3.10 million[26]. - The total profit for 2019 was 1.90 billion RMB, reflecting a growth of 8% compared to the previous year[44]. - The company achieved operating revenue of 84.37 billion RMB, a year-on-year increase of 2.94%[50]. Dividend Distribution - The profit distribution plan for 2019 proposes a cash dividend of RMB 1.02 per 10 shares, totaling RMB 133,288,442.27 based on a total share capital of 1,306,749,434 shares as of December 31, 2019[6]. - The company distributed a cash dividend of 0.105 RMB per share for the 2018 fiscal year, totaling 137,208,690.57 RMB[86]. - In 2019, the company paid a cash dividend of 1.02 RMB per 10 shares, amounting to 133,288,442.27 RMB, which represents 30.23% of the net profit attributable to ordinary shareholders[87]. - The cash dividend for 2018 was 1.05 RMB per 10 shares, totaling 137,208,690.57 RMB, accounting for 30.12% of the net profit attributable to ordinary shareholders[87]. - The company has established a clear and complete decision-making process for its dividend distribution, ensuring the rights of minority shareholders are protected[86]. Risk Management - The company emphasizes the importance of risk awareness in its forward-looking statements regarding future plans and strategies[6]. - The report indicates that the company has described potential risks in its future development discussions[7]. - The company has a robust risk control system, implementing a five-dimensional risk management framework to enhance operational stability[42]. - The company anticipates potential risks from macroeconomic fluctuations, the ongoing COVID-19 pandemic, and trade protectionism, which could impact its operational performance[82]. Research and Development - The company invested more than 310 million RMB in R&D in 2019, leading its peers in R&D capabilities and investment[38]. - The company’s R&D expenses increased by 9.38% to 316.34 million RMB, enhancing brand competitiveness[50]. - The number of R&D personnel is 734, representing 3.25% of the total workforce[64]. Corporate Governance - The company appointed Tianjian Accounting Firm (Special General Partnership) as the auditor for the 2019 annual report, with an audit fee of 250 thousand[101]. - The internal control audit was also conducted by Tianjian Accounting Firm, with a fee of 40 thousand[101]. - The company has a commitment to transparency, as evidenced by the detailed disclosures regarding board member roles and responsibilities[180]. - The board of directors received the "Outstanding Board of Directors" award at the 15th China Listed Company Board of Directors "Golden Round Table Award" evaluation[198]. Social Responsibility - The company has implemented targeted poverty alleviation projects in Huai Bin County, including the establishment of three poverty alleviation workshops[128]. - The company has engaged in social responsibility initiatives, including donations to support low-income and elderly individuals[131]. - The company has contributed 10 million RMB to the Northern Jiangsu Charity Fund for social welfare initiatives[132]. Legal Matters - Heung-A Shipping Co.Ltd sued the company for $304,000 due to damages caused during the transportation of galvanized steel[107]. - The company has a pending lawsuit against China Aviation Oil Group for RMB 7,902,500, with provisions already made in previous years[111]. - The company has resolved litigation cases with a total claim amount of 922.39 million, with no losses or impairment provisions recognized[112]. Market and Economic Outlook - The global economic development trend remains fragile due to uncertainties such as international political situations and the COVID-19 pandemic, with the IMF predicting a challenging outlook for global trade[77]. - China's economy faces significant external challenges and internal structural issues, but is expected to continue steady growth driven by ongoing reforms and opening-up policies[77]. - The advanced manufacturing sector is expected to expand further, particularly in high-end precision equipment and core components, driven by national policies promoting manufacturing upgrades[77].

Financial Performance - Net profit attributable to shareholders was ¥409,811,154.96, representing a year-on-year increase of 17.77%[10] - Operating revenue for the first nine months was ¥63,551,357,163.66, up 7.46% from the same period last year[10] - Basic earnings per share increased to ¥0.31, reflecting a growth of 14.81% compared to the previous year[10] - The weighted average return on equity rose to 9.03%, an increase of 0.68 percentage points from the previous year[10] - Total operating revenue for Q3 2019 reached ¥23,376,661,907.85, an increase of 19.4% compared to ¥19,567,604,193.38 in Q3 2018[39] - Net profit for Q3 2019 was ¥517,151,618.59, compared to ¥385,473,501.44 in Q3 2018, representing a year-over-year increase of 34.2%[39] - The company reported a total profit of ¥665,338,387.27 in Q3 2019, up from ¥500,210,531.40 in Q3 2018, indicating a growth of 33.0%[39] - The net profit attributable to the parent company shareholders for Q3 2019 was approximately ¥184.55 million, an increase from ¥142.54 million in Q3 2018, representing a growth of 29.5%[41] - The total comprehensive income for Q3 2019 reached approximately ¥476.99 million, compared to ¥414.97 million in Q3 2018, indicating an increase of 14.9%[41] Cash Flow - Net cash flow from operating activities for the first nine months surged to ¥1,943,190,098.13, a significant increase of 366.10% year-on-year[10] - The total cash inflow from operating activities was CNY 74,730,236,066.60, an increase from CNY 71,769,723,901.20 in the same period last year, representing a growth of approximately 4.1%[48] - The net cash flow from operating activities was CNY 1,943,190,098.13, significantly higher than CNY 416,900,139.48 in the previous year, indicating a substantial improvement[48] - The total cash outflow from investing activities was CNY 5,300,555,772.36, compared to CNY 4,070,708,706.65 in the same period last year, reflecting an increase of about 30.2%[50] - The net cash flow from investing activities was -CNY 997,882,706.76, worsening from -CNY 849,450,185.65 year-over-year[50] - The total cash inflow from financing activities was CNY 15,790,809,627.22, down from CNY 18,061,710,143.37 in the previous year, a decrease of approximately 7.1%[50] - The net cash flow from financing activities was -CNY 1,956,941,378.30, compared to -CNY 252,998,727.72 in the same period last year, indicating a decline in financing activities[50] Assets and Liabilities - Total assets at the end of the reporting period reached ¥43,419,667,189.48, an increase of 1.64% compared to the end of the previous year[10] - The net assets attributable to shareholders increased to ¥4,671,412,304.91, a rise of 5.62% from the previous year[10] - Total liabilities reached RMB 34.60 billion, slightly up from RMB 34.25 billion, representing an increase of about 1.02%[29] - Total current assets increased to ¥30,858,357,192.99, up by ¥125,859,200.00 from the previous period[59] - Total liabilities amounted to ¥34,250,247,145.69, indicating a significant financial position[64] - Total equity reached ¥8,468,975,293.47, with the equity attributable to shareholders of the parent company at ¥4,422,817,355.09[64] Shareholder Information - Total number of shareholders at the end of the reporting period is 49,246[15] - The largest shareholder, China National Machinery Industry Corporation, holds 303,521,199 shares, accounting for 23.23% of total shares[15] - Other significant shareholders include Jiangsu Province Agricultural Reclamation Group with 181,948,763 shares (13.92%) and China National Heavy Machinery Group with 122,105,200 shares (9.34%) [15] Future Outlook - The company has not disclosed any specific future outlook or guidance in the current report[10] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39] Non-Operating Income and Expenses - Non-operating income for the period included government subsidies amounting to ¥13,853,257.29[13] - The company reported a total of ¥14,394,321.14 in non-recurring gains and losses for the reporting period[13] - Research and development expenses for Q3 2019 amounted to ¥68,258,099.65, slightly increasing from ¥66,707,480.06 in Q3 2018[39] - The management expenses for Q3 2019 were approximately ¥382.14 million, slightly higher than ¥374.70 million in Q3 2018, reflecting a marginal increase of 2.0%[45] Financial Standards - The company has implemented new financial instrument standards effective from January 1, 2019, impacting financial reporting[65] - The company has implemented new financial instrument standards since January 1, 2019, affecting the financial statement format[71]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 4,017,469.53 million, representing a 1.53% increase compared to CNY 3,957,009.46 million in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 22,526.52 million, up 9.66% from CNY 20,542.96 million year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 20,977.38 million, which is a significant increase of 28.98% from CNY 16,263.80 million in the previous year[21]. - Basic earnings per share for the first half of 2019 were CNY 0.17, a 6.25% increase from CNY 0.16 in the same period last year[22]. - The diluted earnings per share also stood at CNY 0.17, reflecting the same growth rate of 6.25% compared to the previous year[22]. - The total comprehensive income for the first half of 2019 was CNY 598,021,737.31, compared to CNY 542,087,435.44 in the previous year, indicating an increase of approximately 10.3%[144]. - The company reported a total profit of CNY 790,316,921.81 for the first half of 2019, up from CNY 688,150,877.17 in the previous year, which is an increase of approximately 14.9%[142]. Cash Flow - The net cash flow from operating activities was CNY 83,103.46 million, showing a decrease of 8.63% compared to CNY 90,949.09 million in the same period last year[21]. - The cash inflow from operating activities totaled CNY 51,468,964,458.09, an increase from CNY 48,095,373,875.17 year-over-year[151]. - The net cash flow from operating activities was CNY 831,034,622.09, a decrease from CNY 909,490,896.25 in the same period last year[151]. - The ending balance of cash and cash equivalents was CNY 5,454,012,716.19, down from CNY 7,525,340,661.03 at the end of the previous year[151]. - The net cash flow from investment activities was negative at CNY -922,946,094.32, worsening from CNY -725,901,736.20 year-over-year[151]. - The net cash flow from financing activities was CNY -1,947,151,029.80, compared to a positive CNY 541,304,729.88 in the same period last year[151]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,412,015.41 million, reflecting a 3.28% increase from CNY 4,271,922.24 million at the end of the previous year[21]. - Total liabilities increased to CNY 35,772,978,988.19 from CNY 34,250,247,145.69, representing an increase of approximately 4.44%[132]. - The company's total assets increased to CNY 44,120,154,094.50 from CNY 42,719,222,439.16, representing a growth of approximately 3.29%[134]. - The company's long-term borrowings increased to CNY 2,580,214,425.75 from CNY 1,681,780,650.22, reflecting a growth of approximately 53.33%[132]. - The total equity attributable to shareholders increased to CNY 4,499,492,947.39 from CNY 4,422,817,355.09, reflecting a growth of approximately 1.74%[134]. Investments and R&D - The company invested 120 million RMB in R&D during the first half of 2019, with a total of 58 patents filed and 24 granted[40]. - The company has made significant equity investments in various sectors, with a total investment cost of 76,359.00 million RMB in New Ocean Shipbuilding Co., accounting for a 40% equity stake[53]. - Jiangsu Sumida Capital Holdings Co. has an investment cost of 15,000.00 million RMB, holding a 30% equity stake, with year-end book value increasing from 16,243.74 million RMB to 16,373.38 million RMB[53]. Market and Competition - The company faces uncertainties in future development due to rising costs and intensified competition in the domestic market[31]. - The company is exposed to market competition risks as the number of trading entities increases, leading to intensified competition in price, quality, and market share[62]. - The company has managed to control product price risks within acceptable limits despite significant fluctuations in commodity prices like steel and coal[62]. Corporate Governance and Shareholder Relations - The company has received commitments from its major shareholder, Guoji Group, to avoid engaging in competitive activities that could harm the company's interests[69]. - Guoji Group has pledged to comply with relevant regulations and ensure fair treatment of all shareholders[69]. - The company has not proposed any profit distribution or capital reserve increase plans for the half-year period[66]. Social Responsibility and Community Engagement - The company invested 264.9 million in poverty alleviation efforts, including 146.55 million in material donations[96]. - A total of 59 registered poor individuals have been lifted out of poverty through the company's initiatives[96]. - The company has provided 154.9 million for vocational skills training, benefiting 517 individuals[100]. - The company has established a garment industrial park in Huai Bin County, which has created 60 job opportunities for registered poor households[95]. Environmental Compliance - The company has invested in a complete set of wastewater treatment facilities to handle domestic sewage, complying with the Class A standard of the "Comprehensive Wastewater Discharge Standard"[106]. - The company has installed online monitoring systems for wastewater discharge, ensuring compliance with environmental standards[111]. Accounting and Financial Reporting - The company appointed Tianjian Accounting Firm as the financial and internal control audit institution for the 2019 fiscal year, effective until the annual shareholders' meeting[78]. - The company adheres to specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[180]. - The company’s financial statements are prepared based on the principle of ongoing concern[178].

Financial Performance - The company's operating revenue for 2018 was RMB 8,195,887.51 million, representing a 10.63% increase compared to RMB 7,408,571.31 million in 2017[25]. - The net profit attributable to shareholders of the listed company was RMB 45,547.02 million, an increase of 27.19% from RMB 35,809.96 million in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 44,797.82 million, showing a significant increase of 91.47% compared to RMB 23,396.47 million in 2017[25]. - The net cash flow from operating activities was RMB 322,365.75 million, a decrease of 22.67% from RMB 416,844.28 million in 2017[25]. - The net assets attributable to shareholders of the listed company at the end of 2018 were RMB 442,281.74 million, reflecting a 10.8% increase from RMB 399,185.22 million at the end of 2017[25]. - The total assets of the company at the end of 2018 were RMB 4,271,922.24 million, which is a 3.39% increase from RMB 4,131,758.50 million at the end of 2017[25]. - Basic earnings per share increased by 29.63% to CNY 0.35 in 2018 compared to CNY 0.27 in 2017[26]. - Diluted earnings per share also rose by 29.63% to CNY 0.35 in 2018 from CNY 0.27 in 2017[26]. - The total profit for 2018 was 1.76 billion RMB, reflecting a year-on-year growth of 23.72%[43]. - The company's total revenue reached 4,353,600.59 million, with a year-on-year increase of 16.96%[51]. Cash Dividends - The proposed cash dividend for 2018 is RMB 1.05 per 10 shares, totaling RMB 137,208,690.57 million, subject to shareholder approval[7]. - The company distributed cash dividends of RMB 137,208,690.57 in 2018, representing 30.12% of the net profit attributable to ordinary shareholders[95]. - In 2017, the cash dividend amounted to RMB 54,883,476.23, which was 15.33% of the net profit attributable to ordinary shareholders[95]. - The cash dividend for 2016 was RMB 70,564,469.44, accounting for 34.15% of the net profit attributable to ordinary shareholders[95]. - The company has modified its dividend policy to enhance shareholder returns while maintaining stable development[95]. Risk Management - The company has described potential risks in its report, advising investors to be cautious and aware of investment risks[8]. - The company faces significant risks from macroeconomic fluctuations and industry policy changes, which could impact overall business performance and lead to potential declines in earnings[89]. - Market competition is intensifying, with a notable increase in the number of trade enterprises, leading to risks related to pricing, quality, and market share[89]. - The company has implemented risk management mechanisms, including a dual review system for customer admission and trade dynamics, to mitigate potential risks[92]. - The company has established a comprehensive risk management system in place, including legal teams to oversee contract reviews and litigation[92]. Business Operations - The company's main business remains focused on bulk commodity trading and the import of electromechanical equipment, with a diversified development and specialized operation model[36]. - The supply chain operation business includes domestic and international trade of metals, coal, and minerals, primarily using a self-operated and agency model[36]. - The company aims to optimize resource allocation to help partners improve efficiency and reduce costs, thereby creating value and sharing benefits[40]. - The company focuses on integrating logistics, capital flow, and information flow to enhance supply chain services and improve operational efficiency[40]. - The company is committed to becoming a respected listed company and aims to continuously advance towards world-class enterprise standards[40]. International Strategy - The company has established over 30 overseas subsidiaries to enhance global resource allocation efficiency and transition from "cross-border trade" to "cross-border operations"[40]. - The company is committed to expanding its international strategy, particularly in the "Belt and Road" regions, focusing on environmental and energy engineering[85]. - The company has expanded its international marketing network, establishing stable customer relationships across dozens of countries and regions[92]. Research and Development - Research and development investment for 2018 was 289.22 million RMB, with 122 patents filed and 97 approved, bringing the total to 339 patents[44]. - The company’s R&D investment accounted for 0.35% of total revenue, with 702 R&D personnel, representing 3.57% of total staff[64]. - The company plans to invest 50 million in research and development for new technologies in 2019, emphasizing innovation as a key growth driver[172]. Social Responsibility - The company has committed to building an 800 square meter Party-Mass Service Center in Jiangsu, enhancing community services and engagement[126]. - The company allocated 300,000 RMB for poverty alleviation efforts in Suqian, Jiangsu Province, with multiple projects underway to improve local infrastructure and employment opportunities[127]. - The company has been recognized as a "Charity Star" for its contributions to poverty alleviation and social responsibility initiatives in 2017-2018[127]. - The company plans to establish a standardized factory in Jiangsu to facilitate local employment, generating rental income for the village collective[126]. Corporate Governance - The board of directors emphasized the importance of corporate governance and transparency, with independent directors receiving compensation for their advisory roles to ensure accountability[172]. - The company has established a performance evaluation and incentive mechanism for senior management, in accordance with relevant regulations[200]. - The company has maintained a strong investor relations management system, enhancing communication and trust with investors[191]. Shareholder Information - The largest shareholder, China National Machinery Industry Corporation, holds 303,521,199 shares, accounting for 23.23% of total shares[146]. - Jiangsu Provincial Agricultural Reclamation Group holds 181,948,763 shares, representing 13.92% of total shares[146]. - The company has a total of 303,521,199 shares under lock-up conditions, which will be released on November 15, 2019[149].

2019 年第一季度报告 公司代码：600710 公司简称：苏美达 苏美达股份有限公司 2019 年第一季度报告 1 / 22 2019 年第一季度报告 | --- | --- | |-------|------------------| | | | | | | | | 目录 | | | | | | 一、重要提示 . | | | 二、公司基本情况 | | | 三、重要事项 . | | | 四、 附录. | 2 / 22 2019 年第一季度报告 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。 1.3 公司负责人杨永清、主管会计工作负责人赵建国及会计机构负责人（会计主管人员）王健保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |------------------------------------------- ...

Financial Performance - The company's operating revenue for 2018 was RMB 8,195,887.51 million, representing a 10.63% increase compared to RMB 7,408,571.31 million in 2017[25] - The net profit attributable to shareholders of the listed company was RMB 45,547.02 million, an increase of 27.19% from RMB 35,809.96 million in the previous year[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 44,797.82 million, showing a significant increase of 91.47% compared to RMB 23,396.47 million in 2017[25] - Basic earnings per share increased by 29.63% to CNY 0.35 in 2018 compared to CNY 0.27 in 2017[26] - The weighted average return on equity rose by 1.52 percentage points to 10.84% in 2018 from 9.32% in 2017[26] - The company reported a net profit of 35,151.60 million CNY from its major subsidiary Jiangsu Sumida Group, contributing significantly to overall performance[79] - The company reported a net profit of 455,470,190.34 CNY for 2018, showing a strong performance amidst challenging market conditions[90] - The net profit attributable to the parent company for 2018 was CNY 380.92 million, exceeding the commitment of CNY 362.68 million, achieving 105.03% of the forecasted profit[101] Cash Flow and Assets - The net cash flow from operating activities was RMB 322,365.75 million, a decrease of 22.67% from RMB 416,844.28 million in 2017[25] - Total assets at the end of 2018 amounted to RMB 4,271,922.24 million, which is a 3.39% increase from RMB 4,131,758.50 million at the end of 2017[25] - The company’s total assets at the end of the reporting period were significantly impacted by the valuation of forward foreign exchange contracts[67] - The company’s long-term equity investments increased by 104% to 151,957.63 million CNY, accounting for 3.56% of total assets[70] - The company’s financial expenses decreased by 10.01%, amounting to 42.41 million yuan, due to increased foreign exchange gains[60] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.05 per 10 shares, totaling RMB 137,208,690.57 million, subject to shareholder approval[7] - The company declared a cash dividend of 1.05 CNY per 10 shares for the year 2018, amounting to a total of 137,208,690.57 CNY, which represents 30.12% of the net profit attributable to ordinary shareholders[90] - The company has modified its dividend policy to enhance shareholder returns while maintaining stable development[90] Business Strategy and Development - The company aims to leverage national strategies such as "Belt and Road" and "Internet Plus" to enhance its long-term strategic layout[36] - The company is focusing on diversifying its business while maintaining specialized operations to become a leading enterprise in its industry[36] - The company plans to enhance its core capabilities by integrating trade, industry, technology, and finance into a cohesive system[83] - The company is committed to expanding its international presence, particularly in countries along the Belt and Road Initiative, focusing on environmental and energy engineering projects[84] - The company is actively pursuing investment opportunities to enhance its core competitiveness and fill gaps in its industrial chain[84] Research and Development - The company invested 289 million yuan in R&D in 2018, with 122 patents filed and 97 approved[44] - The company reported a decrease in research and development expenses by 18.99%, totaling ¥28,922.10[48] - The company emphasized its commitment to research and development, allocating 100 million for new technology initiatives in 2019[167] Market and Industry Trends - The overall trade and service industry is experiencing stable growth, despite challenges from global protectionism and rising costs[36] - The total import and export value of China's goods trade reached CNY 30.5 trillion in 2018, a year-on-year increase of 9.7%[36] - The company achieved a 200% year-on-year growth in exports to Europe, while maintaining a top five market share in Australia[47] Corporate Governance and Compliance - The company has established a mechanism to ensure compliance with regulations regarding related party transactions to protect shareholder interests[93] - The independent auditor issued a standard unqualified opinion on the financial statements, affirming their compliance with accounting standards[200] - The company has no significant defects in internal control over financial and non-financial reporting[186] Social Responsibility and Community Engagement - The company is committed to enhancing local employment and increasing income for impoverished populations through its poverty alleviation projects[131] - The company donated 7000 sets of new autumn school uniforms worth RMB 920,000 to the Guoshi Inspirational School in Gushi County, Henan Province[122] - The company allocated RMB 300,000 to the Jiangsu Provincial Poverty Alleviation Work Team for targeted assistance[122] Shareholder Structure - The largest shareholder, China National Machinery Industry Group, holds 303,521,199 shares, representing 23.23% of total shares[141] - Jiangsu Provincial Agricultural Reclamation Group holds 181,948,763 shares, accounting for 13.92% of total shares[141] - The company has a total of 303,521,199 shares under lock-up conditions, which will be released on November 15, 2019[144]

2018 年第三季度报告 公司代码：600710 公司简称：苏美达 苏美达股份有限公司 2018 年第三季度报告 1 / 18 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 8 | 2018 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。 1.3 公司负责人杨永清、主管会计工作负责人赵建国及会计机构负责人（会计主管人员）王健 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。 二、 公司基本情况 2.1 主要财务数据 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 | 43,247,778,244.13 | 41,317,585,021.53 | 4. ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 3,957,009.46 million, representing a 16.27% increase compared to CNY 3,403,429.77 million in the same period last year[20]. - The net profit attributable to shareholders of the listed company was CNY 20,542.96 million, up 24.79% from CNY 16,462.30 million year-on-year[20]. - The net cash flow from operating activities increased by 81.45%, reaching CNY 90,949.09 million compared to CNY 50,124.43 million in the previous year[20]. - The total assets at the end of the reporting period were CNY 4,247,554.31 million, a 2.80% increase from CNY 4,131,758.50 million at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company increased by 3.75%, totaling CNY 414,151.52 million compared to CNY 399,185.22 million at the end of the previous year[20]. - Basic earnings per share for the first half of 2018 were CNY 0.16, a 23.08% increase from CNY 0.13 in the same period last year[21]. - The weighted average return on net assets increased by 0.67 percentage points to 5.02% compared to 4.35% in the previous year[21]. - The company reported a 16.87% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching CNY 16,263.80 million compared to CNY 13,915.84 million last year[20]. Operational Highlights - The company has no significant risk events during the reporting period, ensuring a stable operational environment[7]. - The company's import and export trade ranked first among provincial key enterprises, with exports to the US increasing by over 30%[31]. - The company established overseas supply chain management centers, resulting in overseas orders totaling 25.81 million USD, a 100% year-on-year increase[32]. - The company obtained 22 new patents in the first half of 2018, bringing the total to 289 patents, including 85 invention patents[32]. - The company's brand "Huilun" was recognized as a "Top Performer" by DNV-GL, and its photovoltaic components were rated as Tier 1 by Bloomberg New Energy[34]. - The company reported a 30% year-on-year increase in exports to Nigeria and a 300% increase in exports to North America[34]. - The company successfully connected the first wind power project in Russia to the grid, with a capacity of 35MW[36]. - The company’s overseas acquisitions and domestic operations are effectively linked, enhancing market share and operational performance[32]. - The company’s business model continues to optimize, focusing on strategic collaboration and high-quality development[34]. Financial Position - Operating costs increased to 3,752,842.44, reflecting a 16.50% rise from 3,221,250.28 in the same period last year[38]. - The gross profit margin for the supply chain operation segment decreased by 0.06 percentage points, with revenue of 3,055,085.97 and costs of 2,984,124.55[44]. - The company’s total assets at the end of the reporting period were significantly impacted by a 72.78% decrease in financial assets measured at fair value, dropping to 3,700,941.00 from 13,598,125.47[40]. - The company’s liabilities included a notable increase in non-current liabilities due to the issuance of financial products totaling 1 billion yuan[41]. - The total investment in equity accounted for using the cost method amounts to CNY 10,707.03 million, with a year-end book balance of CNY 14,992.95 million[46]. - The long-term equity investments accounted for using the equity method show a year-end book balance increase from CNY 20,520.93 million to CNY 16,194.85 million for Jiangsu Sumida Capital Holdings Co., Ltd.[46]. - The total assets of Jiangsu Sumida Group Co., Ltd. are CNY 1,373,280.30 million, with a net profit of CNY 37,991.17 million[50]. - The total investment in major subsidiaries amounts to CNY 64,643.69 million, with a net profit of CNY 86,204.48 million reported[48]. Shareholder and Governance - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[54]. - The total number of ordinary shareholders at the end of the reporting period was 34,122[88]. - The largest shareholder, China Machinery Industry Group, held 303,521,199 shares, representing 23.23% of the total shares[90]. - The company has not identified any significant risks or uncertainties that could impact future performance[52]. - The controlling shareholder, Guoji Group, has committed to not illegally occupy the company's funds and assets[57]. - Guoji Group will ensure that any related party transactions are conducted at market prices and will avoid harming the company's and other shareholders' legal rights[56]. Community and Social Responsibility - The company has established a garment industrial park in Huai Bin, Henan, with the first phase of construction nearly completed and the poverty alleviation workshop officially in operation since February 2018[78]. - A total of 300,000 RMB was donated to the Jiangsu Province "Five-party linkage" poverty alleviation work team for targeted assistance in Siyang County[78]. - The poverty alleviation workshop employs 135 rural workers, including 19 registered impoverished individuals, with an average income increase of 40% for unskilled workers and up to 80% for skilled workers[81]. - The company has committed to ongoing support for the "Five-party linkage" targeted assistance work in Siyang County, ensuring high-quality completion of established projects[82]. - The company received the "2017 Corporate Social Responsibility • China List" Harmony Contribution Award for its poverty alleviation efforts[80]. Environmental Initiatives - The company has implemented green production practices to reduce pollution emissions and resource waste[84]. - The company has extended its clean energy services to areas lacking energy supply, improving local energy shortages[84]. - The company has developed advanced water resource treatment technologies to promote more effective water resource utilization[84]. - The company has committed to a green office environment to enhance employee awareness of environmental protection[84]. Accounting and Financial Policies - The financial statements were approved by the board on August 8, 2018, ensuring compliance with accounting standards[128]. - The company adheres to the accounting principles and estimates that reflect its financial status and operational results accurately[133]. - The company recognizes financial assets when it becomes a party to the financial instrument contract, measuring them initially at fair value[142]. - The company applies a method for bad debt provision based on individual significant receivables, conducting impairment tests on future cash flows[151]. - Revenue from the sale of goods is recognized when the risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[183].

2018 年第一季度报告 公司代码：600710 公司简称：苏美达 苏美达股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 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 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 | 43,600,073,430.14 | 41,317,585,021.53 | | 5.52 | | 归属于上市公司股东 | 4,058,979,701.07 | 3,991,852,246.92 | | 1.68 | | 的净资产 | | | | | | | 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 | -364,505,020.00 | -1,984,150,757.92 | | -81.63 | | 流量 ...