2020 年第一季度报告 公司代码：600736 公司简称：苏州高新 苏州新区高新技术产业股份有限公司 2020 年第一季度报告 1 / 26 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 2020 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 | 50,556,159,064.45 | 47,284,111,401.37 | | 6.92 | | 归属于上市公司股东 | 9,134,631,189.58 | 9,325,620,938.76 | | -2.05 | | 的净资产 | | | | | | 归属于上市公司股东 的净资产（不含永续 | 6,659,329,506.56 | 6,850,319,255.74 | | -2.79 | | 债） | | | | | ...

2019 年年度报告 公司代码：600736 公司简称：苏州高新 苏州新区高新技术产业股份有限公司 2019 年年度报告 1 / 231 2019 年年度报告 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人王星、主管会计工作负责人屈晓云及会计机构负责人（会计主管人员）茅宜群声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 本年度拟以2019年12月31日总股本1,151,292,907股为基数，每10股派发现金红利0.52元（含 税），合计分配59,867,231.16元。本分配预案尚需经公司2019年度股东大会审议批准后实施。 六、 前瞻性 ...

2019 年第三季度报告 公司代码：600736 公司简称：苏州高新 二、 公司基本情况 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 10 | 2019 年第三季度报告 一、 重要提示 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 | 43,213,936,252.43 | | 37,067,163,010.59 | | | 16.58 | | | 归属于上市公司股东的 | 6,207,905,102.46 | | 6,052,833,585.98 | | | 2.56 | | | 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 | | ...

2019 年半年度报告 公司代码：600736 公司简称：苏州高新 苏州新区高新技术产业股份有限公司 2019 年半年度报告 1 / 190 2019 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司2019年上半年利润不分配，公积金不转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中详细描述存在的政策风险、行业风险、经营风险等，敬请查阅本报告"经 营情况的讨论与分析"中关于公司未来发展的讨论与分析中阐述的可能面对的风险因素内容。 十、 其他 □适用 √不适用 2 / 190 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负 ...

2019 年第一季度报告 公司代码：600736 公司简称：苏州高新 苏州新区高新技术产业股份有限公司 2019 年第一季度报告 1 / 24 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2019 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 非经常性损益项目和金额 2019 年第一季度报告 | 企业取得子公司、联营企业及合营企业的投资成本小于取得投资时应享 | | | --- | --- | | 有被投资单位可辨认净资产公允价值产生的收益 | | | 非货币性资产交换损益 | | | 委托他人投资或管理资产的损益 | 5,327,905.60 | | 因不可抗力因素，如遭受自然灾害而计提的各项资产减值准备 | | | 债务重组损益 | | | 企业重组费用，如安置职工的支出、整合费用等 | | | 交易价格显失公允的交易产生的超过公允价值部分的损益 | | | 同一控制下企业合并产生的子公司期初至合并日的当期净损益 | | | 与公司正常经营业务 ...

2018 年年度报告 公司代码：600736 公司简称：苏州高新 苏州新区高新技术产业股份有限公司 2018 年年度报告 1 / 224 2018 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 独立董事 | 魏向东 | 工作原因 | 刘勇 | 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人王星、主管会计工作负责人屈晓云及会计机构负责人（会计主管人员）茅宜群声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司2018年度实施股份回购所支付的现金视同现金红利的金额为260,618,941.76元，占公司 2018年度归属于上市公司普通股股东的净利润比例为53.28%。经综合考虑公司发展需要，2018年 度不 ...

2018 年第三季度报告 公司代码：600736 公司简称：苏州高新 苏州新区高新技术产业股份有限公司 2018 年第三季度报告 1 / 23 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 10 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | | 上年度末 | | 本报告期末比上年 | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 度末增减(%) | | | | 总资产 | 36,896,452,719.25 | | 26,378,303,355.87 | | 39.87 | | | | 归属于上市公司股东的净 | 5,882,973,224.18 | | 6,008,664,544.29 | | -2.09 | | | | 资产 | | | | | | | | | | 年初至报告期末 | | 上年初至上 ...

2018 年半年度报告 公司代码：600736 公司简称：苏州高新 苏州新区高新技术产业股份有限公司 2018 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 董事 | 王平 | 工作原因 | 屈晓云 | 三、 本半年度报告未经审计。 四、 公司负责人王星、主管会计工作负责人屈晓云及会计机构负责人（会计主管人员）茅宜群声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司2018年上半年利润不分配，公积金不转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策 ...

公司代码：600736 公司简称：苏州高新 苏州新区高新技术产业股份有限公司 2018 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 10 | 2018 年第一季度报告 一、 重要提示 2018 年第一季度报告 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 | 32,821,248,686.55 | 26,378,303,355.87 | | 24.43 | | 归属于上市公司股东 | 6,146,273,155.79 | 6,008,664,544.29 | | 2.29 | | 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 | -2,324,504,113.24 | 110,699,490.43 | | -2,19 ...

[Glossary](index=3&type=section&id=Section%20I.%20Glossary) This section provides explanations for professional terms and company abbreviations used throughout the report - This chapter primarily explains professional terms and company abbreviations used in the report[9](index=9&type=chunk) [Company Profile and Key Financial Indicators](index=4&type=section&id=Section%20II.%20Company%20Profile%20and%20Key%20Financial%20Indicators) The company achieved significant performance growth in 2017, with operating revenue increasing by 11.80% to 6.242 billion yuan and net profit attributable to shareholders surging by 97.41% to 606 million yuan, demonstrating strong operating cash flow and expanded total assets [Company Profile](index=4&type=section&id=II.%20Company%20Profile) Suzhou New District High-Tech Industrial Co., Ltd. (Suzhou Hi-Tech), listed on the Shanghai Stock Exchange (stock code: 600736), is primarily engaged in high-tech industrial investment and operation Basic Company Information | Item | Information | | :--- | :--- | | Chinese Name | 苏州新区高新技术产业股份有限公司 | | Chinese Abbreviation | 苏州高新 | | Stock Code | 600736 | | Listing Exchange | Shanghai Stock Exchange | | Legal Representative | Wang Xing | [Key Financial Data and Indicators](index=4&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators%20for%20the%20Past%20Three%20Years) In 2017, the company achieved significant performance growth, with operating revenue increasing by 11.80% to 6.242 billion yuan and net profit attributable to shareholders surging by 97.41% to 606 million yuan, demonstrating strong operating cash flow and expanded total assets Key Accounting Data for 2017 (Unit: RMB) | Key Accounting Data | 2017 | 2016 | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 6,242,486,937.66 | 5,583,376,565.99 | 11.80 | | Net Profit Attributable to Shareholders | 606,260,751.47 | 307,112,831.98 | 97.41 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 251,021,218.61 | 142,771,037.13 | 75.82 | | Net Cash Flow from Operating Activities | 4,145,912,677.75 | 1,580,341,769.99 | 162.34 | | Total Assets | 26,378,303,355.87 | 20,449,902,615.72 | 28.99 | | Net Assets Attributable to Shareholders | 6,008,664,544.29 | 5,325,242,379.40 | 12.83 | Key Financial Indicators for 2017 | Key Financial Indicators | 2017 | 2016 | Change | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 0.48 | 0.26 | Growth 84.62% | | Weighted Average Return on Net Assets (%) | 10.22 | 6.05 | Increase 4.17 percentage points | | Weighted Average Return on Net Assets (Excluding Non-recurring Items) (%) | 3.91 | 2.81 | Increase 1.10 percentage points | Quarterly Key Financial Data for 2017 (Unit: RMB) | Quarter | Operating Revenue | Net Profit Attributable to Shareholders | | :--- | :--- | :--- | | First Quarter | 769,758,362.24 | 104,138,824.30 | | Second Quarter | 796,001,526.96 | 154,551,913.37 | | Third Quarter | 809,360,430.25 | 53,672,829.97 | | Fourth Quarter | 3,867,366,618.21 | 293,897,183.83 | - Total non-recurring gains and losses in 2017 amounted to **355 million yuan**, primarily from non-current asset disposal gains (Suzhou Paradise land acquisition), totaling **525 million yuan**[24](index=24&type=chunk)[26](index=26&type=chunk) [Company Business Overview](index=8&type=section&id=Section%20III.%20Company%20Business%20Overview) The company is strategically positioned as a 'high-tech industrial investment operator,' with businesses spanning advanced manufacturing, environmental protection, and industrial real estate, supported by non-banking finance and industrial investment [Main Business and Operating Model](index=8&type=section&id=I.%20Description%20of%20Main%20Business%2C%20Operating%20Model%2C%20and%20Industry%20Conditions%20During%20the%20Reporting%20Period) The company is strategically positioned as a 'high-tech industrial investment operator,' with businesses spanning advanced manufacturing, environmental protection, and industrial real estate, supported by non-banking finance and industrial investment - The company's business layout primarily includes four segments: **Advanced Manufacturing**, providing mechanical environment and reliability testing equipment and services; **Environmental Protection**, expanding from wastewater treatment to a full industry chain; **Industrial Real Estate**, developing characteristic towns and tourism properties; and **Non-banking Finance and Industrial Investment**, supporting core businesses through financing and fund investments[31](index=31&type=chunk)[32](index=32&type=chunk) [Significant Changes in Major Assets](index=8&type=section&id=II.%20Explanation%20of%20Significant%20Changes%20in%20the%20Company%27s%20Major%20Assets%20During%20the%20Reporting%20Period) During the reporting period, the company's assets underwent significant changes, including the **acquisition of 73.53% equity in Dongling Vibration for 265 million yuan**, land acquisitions by subsidiaries for **448 million yuan** and **694 million yuan**, and a **526 million yuan** gain from land expropriation - Acquired **73.53% equity in Dongling Vibration for 265 million yuan** in cash, expanding into the advanced manufacturing sector[33](index=33&type=chunk) - Subsidiary Tourism Group successfully bid **448 million yuan** for land use rights for the Suzhou Paradise Forest World project[33](index=33&type=chunk) - Subsidiary Real Estate Group successfully bid **694 million yuan** for a residential plot in Suzhou High-tech Zone[34](index=34&type=chunk) - A portion of subsidiary Tourism Group's original Suzhou Paradise land was expropriated, generating a disposal gain of **526 million yuan**[34](index=34&type=chunk) [Core Competitiveness Analysis](index=9&type=section&id=III.%20Analysis%20of%20Core%20Competitiveness%20During%20the%20Reporting%20Period) The company's core competitiveness lies in its regional resource integration, strong R&D capabilities in advanced manufacturing, comprehensive environmental protection industry chain, synergistic industrial and real estate development, and robust financing and capital management capabilities - The company's core competencies include: **regional resource integration** as a state-owned holding company, **leading R&D capabilities** in mechanical environment testing equipment, **full environmental industry chain integration**, **synergistic industrial and real estate development**, and strong **financing and capital management** with an AA+ rating and a comprehensive financing cost of **5.33%**[35](index=35&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=Section%20IV.%20Management%20Discussion%20and%20Analysis) In 2017, the company established its 'high-tech industrial investment operator' strategy, driving industrial transformation through acquisitions and partnerships, achieving **6.242 billion yuan** in operating revenue and **985 million yuan** in net profit, while optimizing internal controls and reducing financing costs [Operating Performance Review](index=11&type=section&id=I.%20Management%20Discussion%20and%20Analysis) In 2017, the company established its 'high-tech industrial investment operator' strategy, driving industrial transformation through acquisitions and partnerships, achieving **6.242 billion yuan** in operating revenue and **985 million yuan** in net profit, while optimizing internal controls and reducing financing costs - Established the strategic positioning as a 'high-tech industrial investment operator,' aiming to build an industrial structure centered on advanced manufacturing and environmental protection, supported by industrial real estate, non-banking finance, and industrial investment[41](index=41&type=chunk) 2017 Operating Performance | Indicator | Amount | YoY Growth | | :--- | :--- | :--- | | Operating Revenue | 6.242 billion yuan | 11.80% | | Net Profit | 985 million yuan | 144.42% | - Operating performance across business segments: **Advanced Manufacturing** (Dongling Vibration) achieved **320 million yuan** in revenue and **33.56 million yuan** in net profit; **Environmental Protection** (wastewater treatment) generated **205 million yuan** in revenue; **Industrial Real Estate** (commercial housing) recorded **6.518 billion yuan** in contract sales; **Non-banking Finance** (financing lease) achieved **100 million yuan** in revenue and **34.839 million yuan** in net profit[45](index=45&type=chunk)[46](index=46&type=chunk)[47](index=47&type=chunk)[50](index=50&type=chunk) - Optimized capital management, reducing total financing by **2.9 billion yuan** from the beginning of the year, lowering the asset-liability ratio to **64%**, increasing direct financing to nearly **80%**, and decreasing short-term borrowing to **2%**[51](index=51&type=chunk) [Main Business Analysis](index=14&type=section&id=II.%20Main%20Operating%20Performance%20During%20the%20Reporting%20Period) During the reporting period, the company's main businesses developed steadily, with commercial housing sales contributing **4.644 billion yuan** in revenue and a **29.96%** gross margin, while environmental protection and newly acquired vibration testing equipment manufacturing also saw growth, and operating cash flow significantly improved to **4.146 billion yuan** Changes in Key Income Statement and Cash Flow Statement Items | Item | Current Period (Billion RMB) | Prior Period (Billion RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 6.242 | 5.583 | 11.80 | | Administrative Expenses | 0.241 | 0.169 | 42.51 | | Financial Expenses | 0.277 | 0.339 | -18.25 | | Net Cash Flow from Operating Activities | 4.146 | 1.580 | 162.34 | | Net Cash Flow from Investing Activities | 0.139 | -0.927 | 115.01 | | Net Cash Flow from Financing Activities | -3.777 | -0.632 | -498.04 | Main Business by Segment (2017) | Segment | Operating Revenue (Billion RMB) | Operating Cost (Billion RMB) | Gross Margin (%) | YoY Revenue Change (%) | | :--- | :--- | :--- | :--- | :--- | | Commercial Housing Sales | 4.644 | 3.252 | 29.96 | -3.79 | | Relocation Housing Development | 0.582 | 0.583 | -0.16 | Not applicable | | Amusement Services | 0.280 | 0.194 | 30.84 | -6.34 | | Vibration Testing Equipment Manufacturing | 0.217 | 0.122 | 43.61 | 83.90 | | Public Utility Wastewater Treatment | 0.180 | 0.156 | 13.40 | 26.79 | | Financing Lease and Factoring | 0.089 | 0.040 | 54.68 | 7.67 | - Land expropriation contributed significant non-operating profit, with subsidiary Tourism Group's land expropriation of **226.49 mu** generating a disposal gain of **526 million yuan** in 2017[69](index=69&type=chunk) [Discussion and Analysis of Future Development](index=25&type=section&id=III.%20Discussion%20and%20Analysis%20of%20the%20Company%27s%20Future%20Development) The company will continue its 'high-tech industrial investment operator' strategy, focusing on advanced manufacturing and environmental protection, supported by industrial real estate and non-banking finance, while addressing risks like real estate policies and rising operating costs through industrial transformation - **Development Strategy**: **Advanced Manufacturing** will expand to comprehensive testing services; **Environmental Protection** will strengthen cooperation with Beijing Enterprises Water Group to cover the full industry chain; **Industrial Real Estate** will transform through 'real estate+' models like life and health towns; **Non-banking Finance and Industrial Investment** will acquire high-tech industrial resources via direct investment and funds[101](index=101&type=chunk)[102](index=102&type=chunk)[103](index=103&type=chunk)[104](index=104&type=chunk)[105](index=105&type=chunk) - **2018 Operating Plan**: Planned construction of **1.5523 million square meters** of commercial housing, with **101,500 square meters** of new starts; advancing Suzhou Paradise Forest World and Xuzhou Paradise Happy World projects; estimated capital requirement of **7.747 billion yuan**, to be met through operating accumulation, bank loans, and debt financing instruments[108](index=108&type=chunk) - **Identified Risks**: **Policy risks** from uncertain real estate market regulations; **Industry risks** from increased industry concentration and declining profit margins; **Operating risks** due to rising land costs and restrictive purchase/loan policies[109](index=109&type=chunk) [Significant Matters](index=29&type=section&id=Section%20V.%20Significant%20Matters) The 2017 profit distribution plan proposes a cash dividend of **RMB 1.45 per 10 shares (tax inclusive)**, totaling **173 million yuan**, representing a **30.07%** payout ratio, with Dongling Vibration exceeding its performance commitment [Profit Distribution and Commitment Fulfillment](index=29&type=section&id=I.%20Ordinary%20Share%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The 2017 profit distribution plan proposes a cash dividend of **RMB 1.45 per 10 shares (tax inclusive)**, totaling **173 million yuan**, representing a **30.07%** payout ratio, with Dongling Vibration exceeding its performance commitment Dividend Distribution Plans for the Past Three Years | Dividend Year | Dividend Per 10 Shares (RMB, Tax Inclusive) | Cash Dividend Amount (Ten Thousand RMB) | Ratio to Net Profit Attributable to Parent (%) | | :--- | :--- | :--- | :--- | | 2017 | 1.45 | 17,317.25 | 30.07 | | 2016 | 0.78 | 9,315.48 | 30.00 | | 2015 | 0.50 | 5,971.46 | 31.20 | - Acquired entity Dongling Vibration fulfilled its performance commitment, achieving **33.56 million yuan** in net profit (excluding non-recurring items) for 2017, exceeding the promised **30 million yuan**[116](index=116&type=chunk) [Changes in Accounting Policies and Estimates](index=30&type=section&id=V.%20Analysis%20and%20Explanation%20of%20Reasons%20and%20Impact%20of%20Changes%20in%20Accounting%20Policies%2C%20Accounting%20Estimates%2C%20or%20Correction%20of%20Significant%20Accounting%20Errors) The company changed accounting policies based on new regulations, reclassifying government grants to 'other income' and adding 'asset disposal gains' to the income statement, while also modifying bad debt provision methods for financing lease and factoring businesses - Implementation of new Ministry of Finance regulations primarily impacted the income statement by adding 'asset disposal gains,' totaling **527 million yuan** in 2017, and reclassifying government grants related to daily activities to 'other income,' amounting to **16.37 million yuan** in 2017[118](index=118&type=chunk)[119](index=119&type=chunk) - Changed the bad debt provision method for financing lease and commercial factoring businesses to a five-category classification, resulting in an increase of **7.89 million yuan** in bad debt provisions[119](index=119&type=chunk) [Significant Contracts and Guarantees](index=34&type=section&id=XV.%20Significant%20Contracts%20and%20Their%20Fulfillment) As of the reporting period end, the company's total guarantees amounted to **2.627 billion yuan**, representing **27.69%** of net assets, primarily for subsidiaries, with **24.75 million yuan** in external guarantees, some overdue but with risk borne by original shareholders Summary of Guarantees | Item | Amount (RMB) | | :--- | :--- | | Total Guarantees to Subsidiaries at Period End (B) | 2,601,810,000 | | Total External Guarantees at Period End (A) | 24,750,000 | | Total Guarantees (A+B) | 2,626,560,000 | | Ratio of Total Guarantees to Company's Net Assets (%) | 27.69 | [Share Changes and Shareholder Information](index=39&type=section&id=Section%20VI.%20Changes%20in%20Ordinary%20Shares%20and%20Shareholder%20Information) The company's total share capital remained unchanged, with **65,220 ordinary shareholders** as of year-end 2017; Suzhou High-tech Zone Economic Development Group General Company is the controlling shareholder with **40.57%**, and Suzhou National High-tech Industrial Development Zone Management Committee is the actual controller [Shareholders and Actual Controller](index=39&type=section&id=III.%20Shareholders%20and%20Actual%20Controller%20Information) The company's total share capital remained unchanged, with **65,220 ordinary shareholders** as of year-end 2017; Suzhou High-tech Zone Economic Development Group General Company is the controlling shareholder with **40.57%**, and Suzhou National High-tech Industrial Development Zone Management Committee is the actual controller Top Five Shareholders' Holdings | Shareholder Name | Shares Held at Period End (Shares) | Percentage (%) | | :--- | :--- | :--- | | 苏州高新区经济发展集团总公司 | 484,477,094 | 40.57 | | 上海保港股权投资基金有限公司 | 33,089,079 | 2.77 | | 华宝信托有限责任公司 | 25,244,859 | 2.11 | | 中央汇金资产管理有限责任公司 | 23,032,000 | 1.93 | | 苏州新区创新科技投资管理有限公司 | 19,717,800 | 1.65 | - The controlling shareholder is **Suzhou High-tech Zone Economic Development Group General Company**, and the actual controller is the **Suzhou National High-tech Industrial Development Zone Management Committee**[152](index=152&type=chunk)[153](index=153&type=chunk)[154](index=154&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=44&type=section&id=Section%20VIII.%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) As of the reporting period end, the company and its major subsidiaries had **1,517 employees**, with production personnel being the largest group at **684**, and **599 employees** holding bachelor's degrees or higher, representing **39.5%** of the total workforce [Holdings and Remuneration of Directors, Supervisors, and Senior Management](index=44&type=section&id=I.%20Changes%20in%20Shareholdings%20and%20Remuneration) During the reporting period, partial directors, supervisors, and senior management acquired **284,500 shares** through secondary market transactions, with total pre-tax remuneration for all directors, supervisors, and senior management amounting to **6.7043 million yuan**, alongside significant personnel changes including the replacement of the Chairman and Supervisor Board Chairman - During the reporting period, Chairman Wang Xing, Vice Chairman Xu Ming, and other directors, supervisors, senior management, and core personnel implemented stock increase plans, collectively acquiring **284,500 shares**[159](index=159&type=chunk)[160](index=160&type=chunk)[161](index=161&type=chunk) - The total remuneration actually received by all directors, supervisors, and senior management at the end of the reporting period was **6.7043 million yuan**[165](index=165&type=chunk) - Multiple personnel changes occurred during the reporting period, including Ms. Kong Li's resignation as Chairman due to personal health reasons, with Mr. Wang Xing taking over[166](index=166&type=chunk) [Employee Information](index=50&type=section&id=VI.%20Employee%20Information%20of%20the%20Parent%20Company%20and%20Major%20Subsidiaries) As of the reporting period end, the company and its major subsidiaries had **1,517 employees**, with production personnel being the largest group at **684**, and **599 employees** holding bachelor's degrees or higher, representing **39.5%** of the total workforce Employee Professional Composition | Professional Category | Number of People | | :--- | :--- | | Production Personnel | 684 | | Technical Personnel | 301 | | Administrative Personnel | 290 | | Sales Personnel | 158 | | Financial Personnel | 84 | | **Total** | **1,517** | [Corporate Governance](index=51&type=section&id=Section%20IX.%20Corporate%20Governance) The company has established a sound corporate governance structure with a General Meeting of Shareholders, Board of Directors, Board of Supervisors, and senior management, supported by four specialized committees, holding **7 shareholder meetings** and **27 board meetings** during the reporting period [Overview of Corporate Governance](index=51&type=section&id=I.%20Explanation%20of%20Corporate%20Governance%20Related%20Matters) The company has established a sound corporate governance structure with a General Meeting of Shareholders, Board of Directors, Board of Supervisors, and senior management, supported by four specialized committees, holding **7 shareholder meetings** and **27 board meetings** during the reporting period - The company's corporate governance structure is sound, with the Board of Directors establishing four specialized committees: Strategy, Nomination, Remuneration and Appraisal, and Audit[173](index=173&type=chunk) - During the reporting period, **7 shareholder meetings** and **27 board meetings** were held (including 4 in-person meetings)[173](index=173&type=chunk)[182](index=182&type=chunk) - The company has disclosed its '2017 Internal Control Evaluation Report' and '2017 Internal Control Audit Report,' indicating a sound internal control system[184](index=184&type=chunk)[185](index=185&type=chunk) [Corporate Bonds Related Information](index=54&type=section&id=Section%20X.%20Corporate%20Bonds%20Related%20Information) As of the reporting period end, the company had two outstanding corporate bonds, '14 Suzhou New Bond' and '16 Suzhou New Bond,' with balances of **700 million yuan** and **1 billion yuan** respectively, maintaining an AA+ credit rating and timely debt servicing [Overview of Corporate Bonds](index=54&type=section&id=I.%20Basic%20Information%20on%20Corporate%20Bonds) As of the reporting period end, the company had two outstanding corporate bonds, '14 Suzhou New Bond' and '16 Suzhou New Bond,' with balances of **700 million yuan** and **1 billion yuan** respectively, maintaining an AA+ credit rating and timely debt servicing Basic Information on Outstanding Corporate Bonds | Bond Abbreviation | Code | Issue Date | Maturity Date | Bond Balance (RMB) | Interest Rate (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | 14苏新债 | 122375 | 2015-05-29 | 2018-05-29 | 700,000,000 | 4.67 | | 16苏新债 | 136186 | 2016-01-25 | 2021-01-25 | 1,000,000,000 | 4.00 | - The company's corporate credit rating is **AA+** with a stable outlook; both '14 Suzhou New Bond' and '16 Suzhou New Bond' have bond ratings of **AA+**[191](index=191&type=chunk)[192](index=192&type=chunk) - As of the reporting period end, the company's total bank credit line was **12.284 billion yuan**, with **2.388 billion yuan** utilized, leaving ample unused credit[199](index=199&type=chunk) [Financial Report](index=59&type=section&id=Section%20XI.%20Financial%20Report) ShineWing Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2017 financial statements, affirming fair presentation in accordance with accounting standards, with key audit matters including goodwill impairment testing and land expropriation accounting [Audit Report](index=59&type=section&id=I.%20Audit%20Report) ShineWing Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2017 financial statements, affirming fair presentation in accordance with accounting standards, with key audit matters including goodwill impairment testing and land expropriation accounting - ShineWing Certified Public Accountants issued a **standard unqualified audit opinion**[204](index=204&type=chunk) - Key audit matters include **goodwill impairment testing**, related to **189 million yuan** in goodwill from the 2017 acquisition of Suzhou Dongling Vibration Test Instrument Co., Ltd., and **land expropriation**, related to **526 million yuan** in disposal gains from subsidiary land expropriation[207](index=207&type=chunk)[208](index=208&type=chunk) [Reference Documents Catalog](index=204&type=section&id=Section%20XII.%20Reference%20Documents%20Catalog) This section lists all reference documents, including financial statements signed by the legal representative and chief accountant, and original announcements of all publicly disclosed company documents during the reporting period - This section lists reference documents, including financial statements signed by the legal representative and chief accountant, and original announcements of all publicly disclosed company documents during the reporting period[649](index=649&type=chunk)