2018 年第三季度报告 公司代码：600765 公司简称：中航重机 中航重机股份有限公司 2018 年第三季度报告 1 / 22 | 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 | 9 | 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 公司负责人姬苏春、主管会计工作负责人乔堃及会计机构负责人（会计主管人员）唐玲保证 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 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥2,556,615,638.72, a decrease of 4.38% compared to ¥2,673,834,571.20 in the same period last year[19]. - The net profit attributable to shareholders was ¥68,506,189.45, down 36.85% from ¥108,476,124.16 year-on-year[19]. - The net cash flow from operating activities was ¥137,726,273.05, reflecting a decline of 12.44% from ¥157,298,880.17 in the previous year[19]. - Basic earnings per share decreased by 35.71% to ¥0.09 from ¥0.14 in the same period last year[20]. - The weighted average return on equity decreased by 1.23 percentage points to 1.82% from 3.05% year-on-year[20]. - Total profit decreased by 49.94% to CNY 71,126,052.51, attributed to lower gross profit and increased depreciation costs[34]. - Net profit decreased to ¥36,285,508.13 from ¥112,611,894.90, reflecting a drop of around 67.7% year-over-year[106]. - The total profit decreased to ¥71,126,052.51 from ¥142,094,547.43, a decline of about 50% year-over-year[106]. Revenue Breakdown - In the first half of 2018, the company's forging and casting business achieved sales revenue of 1.73 billion yuan, a year-on-year decrease of 4.84%[31]. - The hydraulic and thermal control business generated sales revenue of 776 million yuan, representing a year-on-year growth of 16.34%[31]. - The hydraulic business within the hydraulic and thermal control segment achieved revenue of 336 million yuan, up 6.33% year-on-year, while the heat exchanger business saw revenue of 440 million yuan, a 26.07% increase[31]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,647,167,720.05, a slight increase of 0.45% from ¥12,590,865,674.38 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 4.50% to ¥3,912,381,847.50 from ¥3,743,931,291.49 at the end of the previous year[19]. - Total liabilities decreased to CNY 8,546,513,505.27 from CNY 8,616,583,770.01, a decrease of approximately 0.81%[100]. - Current liabilities totaled CNY 7,372,597,556.66, slightly up from CNY 7,333,310,749.62, indicating a growth of 0.54%[100]. Cash Flow - The company reported a net cash flow from investment activities of CNY 75,353,051.18, a significant improvement from a negative cash flow of CNY 239,235,610.16 in the previous year[34]. - Operating cash inflow for the current period was CNY 1,834,398,911.51, down 11.85% from CNY 2,081,070,297.98 in the previous period[111]. - Cash inflow from investment activities totaled CNY 243,001,145.64, significantly up from CNY 42,827,677.20 in the previous period[111]. Research and Development - R&D expenses increased by 37.91% to CNY 80,822,894.35, driven by higher investments in product and process development[36]. - The company has completed the design plans for five new products and signed technical agreements for further development[33]. - The company is focusing on upgrading its hydraulic and thermal control products to compete in the high-end market, which is currently dominated by foreign enterprises[27]. Corporate Governance and Compliance - The company has established independent financial management systems, including independent bank accounts and tax obligations, to maintain financial autonomy[59]. - The company has confirmed that it has fulfilled all court judgments and has no significant overdue debts during the reporting period[62]. - The company has no significant litigation or arbitration matters reported during the period[61]. Shareholder Information - The company has a total of 65,118 common stock shareholders as of the end of the reporting period[88]. - The top shareholder, Guizhou Jinjiang Aviation Hydraulic Co., Ltd., holds 229,369,200 shares, accounting for 29.48% of total shares[89]. - The second-largest shareholder, China Guizhou Aviation Industry (Group) Co., Ltd., holds 64,538,800 shares, representing 8.30% of total shares[89]. Environmental and Social Responsibility - The company has actively participated in poverty alleviation efforts, spending a total of 412,050 RMB in the first half of 2018[73]. - The company has deployed 4 village-level support staff as part of its poverty alleviation initiatives[73]. - The company has received recognition for its poverty alleviation efforts, with employees awarded titles for their contributions[73]. Financial Instruments and Accounting Policies - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance and reflect the company's financial position and operating results accurately[137]. - The company’s accounting policies include specific methods for impairment judgments and revenue recognition[136]. - Financial instruments are measured at fair value, with active market quotes used when available[152].

2018 年第一季度报告 公司代码：600765 公司简称：中航重机 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 未出席董事情况 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | | 被委托人姓名 | | --- | --- | --- | --- | --- | | 余霄 | 董事 | 递交辞呈 | 无 | | 1.3 公司负责人姬苏春、主管会计工作负责人乔堃 及会计机构负责人（会计主管人员）唐玲保证 季度报告中财务报表的真实、准确、完整。 中航重机股份有限公司 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 5 | | 四、 | 附录 8 | 2018 年第一季度报告 2.1 主要财务数据 √适用 □不适用 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 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 ...

Financial Performance - The company's operating revenue for 2017 was CNY 5,662,565,428.31, an increase of 5.48% compared to CNY 5,368,560,053.92 in 2016[23] - The net profit attributable to shareholders of the listed company decreased by 32.15% to CNY 164,520,742.66 from CNY 242,463,086.23 in 2016[23] - The basic earnings per share for 2017 was CNY 0.21, down 32.26% from CNY 0.31 in 2016[25] - The weighted average return on equity for 2017 was 4.60%, a decrease of 2.61 percentage points from 7.21% in 2016[25] - The cash flow from operating activities increased significantly by 419.92% to CNY 909,869,108.45 from CNY 175,002,262.65 in 2016[24] - Total assets as of the end of 2017 were CNY 12,590,865,674.38, a decrease of 9.73% from CNY 13,947,427,489.64 at the end of 2016[24] - The net profit attributable to shareholders was CNY 1,645.21 million, with a net profit excluding non-recurring items of CNY 1,373.17 million[46] - The company plans to achieve an operating revenue of CNY 5,500 million in 2018, with a profit target of CNY 230 million[46] Cash Flow and Assets - The cash flow from operating activities in Q4 2017 was 654.57 million RMB, showing a strong recovery from previous quarters[27] - As of the end of 2017, the company's cash balance was CNY 1,394.51 million, an increase of CNY 410.83 million or 41.76% compared to the beginning of the year, primarily due to increased sales receipts[39] - The total assets at the end of 2017 were CNY 12,590.87 million, a decrease of CNY 1,356.56 million or 9.73% from the beginning of the year, mainly due to the exclusion of the new energy company's financial statements[40] Business Segments Performance - In 2017, the company's forging and casting business achieved sales revenue of 3.745 billion RMB, representing a year-on-year growth of 3.48%[33] - The hydraulic and thermal control business generated sales revenue of 1.307 billion RMB in 2017, with a year-on-year increase of 6.26%[35] - The forging and casting business achieved revenue of CNY 3,745 million in 2017, a year-on-year increase of 3.48%, with the aviation segment contributing CNY 3,035 million, a decrease of 0.53%[43] - The hydraulic and thermal control business generated revenue of CNY 1,307 million, up 6.26% year-on-year, with the heat exchanger segment growing by 17.72%[44] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, totaling CNY 15,560,064.00 for the year[6] - The company distributed a cash dividend of 0.40 RMB per 10 shares for the year 2016, totaling 31,120,128 RMB, which accounted for 76.27% of the distributable profit[102] Research and Development - The company completed 13 new product developments in the reporting period, focusing on various advanced technologies in the aerospace sector[45] - Research and development expenses totaled approximately 162.57 million yuan, accounting for 2.87% of total revenue, with 268 R&D personnel representing 2.33% of the total workforce[61] Market and Strategic Initiatives - The company plans to leverage national policies and infrastructure investments to enhance its market position in the forging and hydraulic control sectors[36] - The company plans to focus on expanding its market presence and enhancing product development in the coming year[54] - The company aims to become a leading service provider in the high-end equipment foundation industry, focusing on forging, casting, hydraulic, and heat exchanger industries[89] - The company is actively pursuing market expansion in the international arena, particularly in the U.S. and Canada, while reducing smaller, dispersed orders[82] Corporate Governance and Compliance - The company has committed to maintaining independent management and financial systems, including separate bank accounts and tax obligations[106] - The company has not reported any major accounting errors or changes in accounting estimates that would impact its financial statements[113] - The company has maintained independence from its controlling shareholder in terms of assets, personnel, finance, and operations, ensuring no misuse of company funds[187] Social Responsibility and Community Engagement - The company has undertaken targeted poverty alleviation initiatives in Guizhou Province, implementing various support measures[138] - The company spent a total of 10.5072 million yuan on poverty alleviation efforts in 2017, including 2 million yuan for educational support and assistance for employment[141] - The "Golden Autumn Scholarship" program awarded 2,000 yuan each to children of villagers from Linglong Village who were admitted to key universities, totaling 1 million yuan[141] Employee and Management Structure - The total number of ordinary shareholders reached 66,972 by the end of the reporting period, an increase from 66,901 at the end of the previous month[151] - The management team includes key personnel such as the Chairman, who has held the position since August 2014, and the General Manager, who has been in the role since the same date[168] - The company has a total of 4,408 production personnel, 223 sales personnel, 1,146 technical personnel, 266 financial personnel, and 1,711 administrative personnel[179] Legal and Regulatory Matters - The company is involved in significant litigation, including a debt dispute with a subsidiary, with a claim amounting to ¥42,519,650.81[119] - The company has a pending arbitration case involving a claim of ¥30,448,050.00 related to a dispute with a partner company[119] Future Outlook - The company provided an optimistic outlook for the next quarter, projecting a revenue increase of 25% to $1.875 billion[171] - The company plans to enhance its digital marketing strategy, expecting a 30% increase in online sales as a result[171]

Financial Performance - Net profit attributable to shareholders rose by 49.79% to CNY 162.83 million year-on-year[7] - Operating revenue for the first nine months reached CNY 4.10 billion, a 3.14% increase from the same period last year[7] - Basic earnings per share increased by 50% to CNY 0.21 compared to CNY 0.14 in the same period last year[7] - Operating profit increased by 52.88% from CNY 140.07 million to CNY 214.15 million, driven by improved gross margin[14] - The company's total profit for the first nine months of 2017 was ¥214.15 million, compared to ¥140.07 million in the same period last year, reflecting an increase of about 52.8%[27] - The total profit for Q3 2017 reached ¥72.05 million, compared to ¥57.84 million in Q3 2016, marking a growth of approximately 24.5%[27] - Net profit attributable to the parent company was ¥54.36 million in Q3 2017, up from ¥35.28 million in Q3 2016, reflecting a significant increase of about 54.1%[29] Assets and Liabilities - Total assets increased by 3.75% to CNY 14.47 billion compared to the end of the previous year[7] - Total liabilities decreased by 95.85% for non-current liabilities due to the repayment of maturing bonds[13] - Total liabilities as of September 30, 2017, amounted to ¥10,234,921,008.65, compared to ¥9,908,073,112.80 at the beginning of the year, indicating an increase of 3.3%[24] - Non-current liabilities totaled ¥2,754,953,432.69, up from ¥2,097,162,743.72, representing a significant increase of 31.3%[24] - The company's total equity rose to ¥4,235,527,590.37, compared to ¥4,039,354,376.84 at the beginning of the year, marking an increase of 4.8%[24] Cash Flow - Cash flow from operating activities improved significantly to CNY 255.30 million, compared to a negative cash flow of CNY 12.29 million in the previous year[7] - Net cash flow from operating activities improved significantly to CNY 255,300,825.05 from a negative CNY 12,289,050.00 in the previous year[35] - Cash inflow from sales of goods and services was CNY 2,969,984,070.52, down from CNY 3,079,688,227.17 year-on-year, reflecting a decline in revenue generation[34] - Total cash outflow from operating activities was CNY 2,954,107,942.59, a decrease from CNY 3,410,561,230.43 in the previous year, indicating improved cost management[34] - Cash inflow from loans received was CNY 1,500,000,000.00, a significant increase from CNY 645,466,500.00 in the same period last year[37] - Cash outflow for debt repayment was CNY 1,776,756,000.00, compared to CNY 848,244,000.00 in the previous year, indicating increased debt servicing[38] Shareholder Information - The company reported a total of 777,000 shareholders at the end of the reporting period[10] - The top three shareholders are state-owned entities, holding a combined 41.86% of the shares[10] Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies[12] - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[26]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 2,673,834,571.20, a slight increase of 0.28% compared to CNY 2,666,351,998.13 in the same period last year[16]. - The net profit attributable to shareholders was CNY 108,476,124.16, representing a significant increase of 47.74% from CNY 73,424,465.22 year-on-year[16]. - The net cash flow from operating activities was CNY 157,298,880.17, a recovery from a negative cash flow of CNY -94,752,835.88 in the previous year[16]. - The basic earnings per share increased to CNY 0.14, a rise of 55.56% compared to CNY 0.09 in the same period last year[17]. - The gross profit margin improved, contributing to a total profit of CNY 142,094,547.43, which is a significant increase of 72.79% from CNY 82,235,806.25 in the previous year[36]. - The net profit for the first half of 2017 reached CNY 112,611,894.90, significantly higher than CNY 47,369,941.05 in the same period last year, reflecting an increase of approximately 138%[104]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 14,539,956,636.70, up 4.25% from CNY 13,947,427,489.64 at the end of the previous year[16]. - Total liabilities reached CNY 10.36 billion, compared to CNY 9.91 billion, indicating a growth of around 4.7%[98]. - The asset-liability ratio increased from 71.04% at the end of 2016 to 71.25% by mid-2017, indicating weakened debt repayment capacity[51]. - The company's short-term loans increased by 40.35% to CNY 3,138,650,000.00, reflecting a need for additional working capital[37]. Revenue by Business Segment - The forging and casting business achieved sales revenue of CNY 1,818,000,000, reflecting a year-on-year growth of 2.98%[21]. - In the first half of 2017, the company's high-end hydraulic integration business achieved sales revenue of 667 million yuan, a year-on-year increase of 2.52%[31]. - The forging and casting industry generated revenue of 1.818 billion yuan, with a year-on-year growth of 2.98%, while the aviation business contributed 1.468 billion yuan, remaining flat year-on-year[31]. - The hydraulic business revenue declined by 7.75% to 316 million yuan, while the heat exchanger business revenue grew by 15.82% to 349 million yuan[32]. Market and Partnerships - The company has established partnerships with international manufacturers such as Caterpillar and Bosch Rexroth to develop high-end products in the casting business[21]. - New markets accounted for 40.9% of the total revenue from engineering hydraulic components, indicating successful market expansion efforts[33]. - The company is focusing on high-end hydraulic integration and forging industries, aligning with national policies to support industry upgrades and market expansion[26]. Research and Development - Research and development expenses decreased by 16.53% to CNY 58,604,055.53 from CNY 70,206,735.03 in the previous year[36]. - The company has developed over 30 new cold plate projects, involving aerospace and other fields[48]. Related Party Transactions - The total amount of related party transactions reached RMB 2,666,414,483.75, with significant transactions including sales of goods and services[65]. - The company maintains compliance with market pricing principles in its related party transactions, ensuring no harm to minority shareholders[66]. - The company has no significant impact on its operational results or financial status due to related party transactions[69]. Corporate Governance and Compliance - The company guarantees independent financial operations, including separate bank accounts and independent tax obligations, to maintain financial autonomy[57]. - The company confirmed that there are no instances of fund or asset occupation by related parties, ensuring financial integrity[57]. - The company appointed Zhongshun Zhonghuan Accounting Firm as the auditor for the 2017 fiscal year, pending shareholder approval[59]. Social Responsibility - The company has not established a precise poverty alleviation plan but is involved in poverty alleviation efforts in Guizhou Province[76]. - During the reporting period, the company funded 20 students with a total expenditure of CNY 20,000[77]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the "Enterprise Accounting Standards" and reflect the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately[135]. - The company has assessed its ability to continue as a going concern for the next 12 months and expects to have sufficient resources to maintain operations[133]. - The accounting policies and estimates are determined based on the company's operational characteristics, including methods for bad debt provision and inventory valuation[134].

2017 年第一季度报告 公司代码：600765 公司简称：中航重机 中航重机股份有限公司 2017 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 | 5 | | 四、 | 附录 | 8 | 2017 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 3 / 18 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 14,322,185,242.99 13,947,427,489.64 2.69 归属于上市公司 股东的净资产 3,557,628,211.24 3,503,312,535.95 1.55 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 -162,381,267.08 -247,925,228.87 不适用 年初至报告期末 上年初至上年报告期末 比上年同期增减（%） 营业收入 1,298,311,773.35 1,214,914,796.51 6.86 归属于上市公司 股东的 ...

Financial Performance - The company's operating revenue for 2016 was CNY 5,368,560,053.92, a decrease of 8.66% compared to CNY 5,877,304,248.85 in 2015[20] - The net profit attributable to shareholders was CNY 242,463,086.23, a significant recovery from a loss of CNY 300,082,652.15 in 2015[20] - The basic earnings per share for 2016 was CNY 0.31, compared to a loss of CNY 0.39 per share in 2015[21] - The cash flow from operating activities was CNY 175,002,262.65, a decrease of 72.65% from CNY 639,940,423.52 in 2015[20] - The weighted average return on equity increased to 7.21% in 2016, up from -8.88% in 2015, marking a 16.09 percentage point improvement[21] - The company reported a net cash flow from operating activities of CNY -247.93 million, indicating a cash outflow during the reporting period[23] - The company reported total revenue of CNY 536,856.01 million for the year, a decrease of 8.66%, but achieved a profit of CNY 28,846.50 million, marking a turnaround from losses[44] Assets and Liabilities - The total assets at the end of 2016 were CNY 13,947,427,489.64, reflecting a 5.78% increase from CNY 13,184,936,706.02 in 2015[20] - The company's net assets attributable to shareholders increased by 7.89% to CNY 3,503,312,535.95 at the end of 2016[20] - The asset-liability ratio increased from 70.82% at the end of 2015 to 71.04% at the end of 2016, indicating weakened debt repayment capacity[99] - The total amount of guarantees provided to subsidiaries during the reporting period is CNY 400,165,673.03[130] Revenue Breakdown - In 2016, the company's total revenue was approximately CNY 1.21 billion, showing a decline of 4.47% in the forging and casting business compared to the previous year[29] - The forging and casting industry generated revenue of CNY 36.19 billion in 2016, a decline of 4.47% year-on-year, with the aviation segment contributing CNY 30.53 billion, up 8.70%[41] - The high-end hydraulic integration business generated sales revenue of CNY 1.23 billion, reflecting a slight decrease of 0.35% year-on-year[33] - The new energy investment business saw a significant decline in revenue, down 39.21% to approximately ¥519 million, attributed to reduced business income from a subsidiary[48] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.40 per 10 shares, totaling CNY 31,120,128.00, which accounts for 84.75% of the distributable profit for the year[3] - The cash dividend distribution has been consistent for three consecutive years, with the same amount of 31,120,128 RMB distributed in 2015 and 2016[105] - The net profit attributable to the parent company for 2016 was 242,463,086.23 RMB, with a dividend payout ratio of 12.83%[105] Research and Development - Research and development expenses amounted to ¥172,849,364.04, representing 3.22% of total operating revenue[60] - The number of R&D personnel was 418, accounting for 4.67% of the total workforce[61] - The company plans to invest in research and development to innovate and stay competitive in the industry[162] Market and Industry Trends - The company is focusing on high-end equipment manufacturing as a strategic emerging industry, supported by national policies to enhance technology levels in forging and casting products[88] - The domestic aviation transport market is expected to maintain an annual growth rate of 8%, with significant potential in the general aviation market[89] - The forging and casting industry is experiencing professional integration and a shift towards high-end precision products, driven by market demand and competition[90] Strategic Initiatives - The company plans to achieve a revenue of 5.5 billion yuan in 2017, representing a year-on-year growth of 2.44%[94] - The company aims to enhance its forging business by integrating resources and improving competitiveness, focusing on high-end special materials[92] - The focus for 2017 includes deepening military-civilian integration and promoting product structure adjustment and industrial transformation[96] Corporate Governance - The company held its first extraordinary general meeting on March 12, 2017, to approve the election of the sixth board of directors and supervisors[164] - The company has established several specialized committees, including the Strategic and Investment Committee and the Audit and Risk Control Committee, to enhance decision-making efficiency[179] - The company maintained a strong internal control system, completing self-assessments without identifying any major deficiencies during the reporting period[181] Related Party Transactions - The total amount of related party transactions reached RMB 3,453,457,952.37, with significant transactions including sales of goods and services[122] - The company maintains stable cooperative relationships with its related parties, ensuring fair pricing and compliance with market principles[123] Social Responsibility - The company is engaged in poverty alleviation work under the guidance of higher authorities, but currently has no specific poverty alleviation plan[133] - In 2016, the company spent a total of 250,300 RMB on poverty alleviation efforts, including 40,000 RMB for employment assistance and education support[136]

2016 年第三季度报告 1 / 23 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 4 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 2016 年第三季度报告 一、 重要提示 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 王智林 | 董事 | 人在外地 | 罗霖斯 | 公司代码：600765 公司简称：中航重机 3 / 23 中航重机股份有限公司 2016 年第三季度报告 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 未出席董事情况 1.3 公司负责人黎学勤、主管会计工作负责人乔堃及会计机构负责人（会计主管人员）魏永鹏保 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。 2016 年第三季度报告 二、 公司主要财务数据和股东变化 2. ...