2019 年第三季度报告 公司代码：600864 公司简称：哈投股份 哈尔滨哈投投资股份有限公司 2019 年第三季度报告 1 / 30 2019 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 30 2019 年第三季度报告 单位：元 币种：人民币 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 公司负责人赵洪波、主管会计工作负责人胡晓萍及会计机构负责人（会计主管人员）贾淑莉 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 | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|------------------------------------| ...

Financial Performance - Total operating revenue for the first half of 2019 was CNY 1,631,566,850.57, an increase of 11.31% compared to CNY 1,465,844,245.73 in the same period last year[23]. - Net profit attributable to shareholders of the listed company reached CNY 508,092,103.44, a significant recovery from a loss of CNY 114,861,203.83 in the previous year[23]. - Net cash flow from operating activities was CNY 2,324,877,456.89, compared to a negative cash flow of CNY -1,456,393,980.73 in the same period last year[23]. - Total assets at the end of the reporting period were CNY 41,413,770,420.76, reflecting a 6.44% increase from CNY 38,909,170,131.48 at the end of the previous year[23]. - Net assets attributable to shareholders of the listed company increased by 6.44% to CNY 13,386,666,585.54 from CNY 12,576,163,881.65 at the end of the previous year[23]. - Basic earnings per share for the first half of 2019 were CNY 0.24, a recovery from a loss of CNY -0.05 in the same period last year[24]. - The weighted average return on net assets was 3.92%, compared to -0.86% in the previous year[24]. - The company achieved a total profit of CNY 659.02 million and a net profit attributable to shareholders of CNY 508.09 million in the first half of 2019[80]. - As of June 30, 2019, the company's total assets amounted to CNY 41.41 billion, with net assets attributable to shareholders of CNY 13.39 billion[80]. Business Segments - The company’s main business segments include thermal power and securities, with thermal power focusing on electricity and heating supply, and securities covering a wide range of traditional and innovative financial services[32][33]. - The securities business completed bond underwriting for 10 issues, with a total underwriting amount of ¥7.342 billion, contributing to revenue growth[38]. - The thermal power industry is characterized by low profit margins due to government-regulated pricing, but the company is focused on cost control and efficiency improvements to maintain profitability[41]. - The company's thermal power business achieved operating revenue of 704.81 million yuan, a decrease of 0.24% year-on-year, while total profit increased by 68.75% to 70.79 million yuan[81]. - Securities business revenue totaled CNY 926,720,941.54, reflecting a year-on-year increase of 22.18%[102]. Revenue and Costs - The company's total revenue for the first half of 2019 was approximately 40.83 million RMB, a 9.28% increase from the previous year[54]. - The company's total costs decreased by 12.26% to approximately 46.84 million RMB compared to the same period last year[54]. - Total operating costs rose by 7.43% to $1,741,492,807.98, up from $1,620,982,620.96[93]. - Investment income dropped by 48.62% to $213,709,677.38 from $415,899,081.97[93]. - The gross profit margin for the thermal power business was 22.23%, with a slight increase of 0.39% compared to the previous year[102]. Operational Highlights - In the first half of 2019, the company's electricity generation increased by 3.19% to 22,475 million kWh compared to the same period last year[63]. - The company's electricity sales volume rose by 8.40% to 12,735 million kWh year-on-year[63]. - The average on-grid electricity price (excluding tax) increased by 0.53% to 301.9 RMB/MWh compared to the previous year[54]. - The company's heating supply area reached 31.8 million square meters by the end of 2018, accounting for 10.4% of the total heating area in Harbin[44]. - The company's heating supply volume decreased by 16.12% to 770,000 GJ in the first half of 2019 compared to the same period last year[66]. Investment and Expansion - The company plans to repurchase 27,943,242 shares at a total price of CNY 1 as part of a compensation plan, reducing the total share capital to 2,080,570,520 shares[27]. - The investment strategy has shifted from a regional focus to a national presence, with 77 branches established across various provinces, enhancing market reach[33]. - The company plans to strengthen fuel management and control coal costs while enhancing various payment methods for heat fee collection[82]. - The company plans to expand its market presence and enhance product offerings in the upcoming quarters[102]. - The company raised funds of 9.9758 million RMB through a targeted issuance to support the expansion of its main business and improve market share[173]. Risk Management - The company faces risks related to coal price fluctuations, which significantly impact profitability, as coal costs constitute a large portion of total production costs[127]. - Environmental policy changes pose a risk, as the company must upgrade its facilities to meet stricter emission standards by 2021, requiring additional capital investment[128]. - The company has established a dual credit risk management mechanism, focusing on derivatives, margin financing, and bond trading, to mitigate credit risk[132]. - The liquidity risk management system includes a unified management of customer and proprietary funds, with effective stress testing and emergency plans in place[132]. - Market risk is primarily managed through a dynamic risk control indicator monitoring system, with daily monitoring of market risk limits[133]. Legal and Compliance - The company is involved in significant litigation, including a lawsuit with Jianghai Securities regarding a property contract dispute involving RMB 40 million, which has been adjudicated[149]. - The company has ongoing litigation related to heating station ownership disputes, with a judgment requiring payment of RMB 186.7 thousand[151]. - The company has a commitment to provide accurate and complete information regarding its operations and financial status, ensuring transparency[142]. - The company has committed to avoiding conflicts of interest and ensuring compliance with regulations regarding related party transactions[140]. - The company has no significant changes in accounting firms or non-standard audit reports during the reporting period[147]. Social Responsibility - The company signed a precise assistance cooperation agreement with Yanshou County, a national-level poverty-stricken county, to support poverty alleviation efforts[168]. - Jianghai Securities contributed to the economic development of relatively slow-growing villages through industry assistance, aiming to increase farmers' income[168]. - A total of 83.24 million RMB was allocated for poverty alleviation efforts, with 2 individuals successfully lifted out of poverty[170]. - The company invested 25 million RMB to improve educational resources in impoverished areas[173]. - The company contributed 2.98 million RMB to purchase agricultural products, supporting local farmers and promoting consumption poverty alleviation[173]. Environmental Initiatives - The total annual emissions for particulate matter, sulfur dioxide, and nitrogen oxides are 246.23 tons, 1649.9 tons, and 2899.42 tons, respectively[179]. - The company is actively upgrading its pollution control facilities to comply with environmental regulations and improve operational efficiency[185]. - The company has received environmental impact assessment approvals for multiple projects, including the 4130t circulating fluidized bed steam boiler replacement project[193]. - The company has established emergency response plans for environmental incidents, which have been filed with the Harbin Environmental Protection Bureau[200]. - The company operates two 75t/h vertical cyclone furnaces, which underwent desulfurization and denitrification modifications in 2014 and 2016, and are equipped with bag filters and SNCR denitrification facilities[188].

证券代码：600864 证券简称：哈投股份 公告编号：临2018-044 哈尔滨哈投投资股份有限公司 关于参加投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的互动交流,公司将参加由黑龙江省上市公 司协会、深圳市全景网络有限公司共同举办的"2019年黑龙江省上市公 司投资者网上集体接待日"活动，现将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网 平台举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net） 参与公司本次投资者网上集体接待日活动，时间为2019年6月19日（周三） 14:00至16:30。 届时公司副总经理、总会计师贾淑莉女士，副总经理、董事会秘书 张名佳先生将通过网络在线问答互动的形式，与投资者就公司治理、发 展经营情况、融资情况和可持续发展等投资者关注的问题进行交流。期 间，公司高管将全程在线，通过全景网投资者关系互动平台实时回答投 资者的提问。欢迎广大投资者积极参与。 特此公告。 哈尔滨哈投投资 ...

Financial Performance - Net profit attributable to shareholders surged by 1,453.46% to CNY 467.90 million from CNY 30.12 million year-on-year[11] - Operating revenue rose by 6.74% to CNY 877.04 million compared to CNY 821.63 million in the same period last year[11] - Basic earnings per share reached CNY 0.222, up 1,485.71% from CNY 0.014 in the previous year[11] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 461.26 million, up 1,533.00% year-on-year[11] - Net profit for Q1 2019 reached CNY 469,864,962.94, significantly higher than CNY 31,461,941.79 in Q1 2018, indicating a substantial increase[50] - The total comprehensive income for Q1 2019 was CNY 400,931,804.61, compared to a loss of CNY 135,813,196.06 in Q1 2018[54] Cash Flow - Net cash flow from operating activities increased significantly by 766.98% to CNY 2.84 billion from CNY 328.06 million year-on-year[11] - Cash flow from operating activities for Q1 2019 was CNY 2,844,233,587.87, a substantial increase from CNY 328,062,144.96 in Q1 2018[55] - The net cash flow from investing activities was negative at -¥34,135,514.13, reflecting increased cash payments for fixed and intangible assets[27] - The company reported a net cash outflow from investing activities of CNY -34,135,514.13 in Q1 2019, compared to CNY -32,982,265.83 in Q1 2018[55] Assets and Liabilities - Total assets increased by 9.51% to CNY 42.61 billion compared to the end of the previous year[11] - The company's total equity attributable to shareholders rose to CNY 13.43 billion, compared to CNY 12.58 billion at the end of 2018, marking an increase of around 6.8%[41] - Total current liabilities increased to CNY 19.11 billion from CNY 16.63 billion, reflecting a rise of approximately 14.9%[41] - The company's total liabilities reached CNY 29.03 billion, up from CNY 26.18 billion, indicating an increase of approximately 10.9%[41] - The total amount of payable bonds increased by 4,661,613,205.49 RMB, a rise of 114.36%, due to the reclassification of subordinated debt[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 60,089[13] - The top ten shareholders held a combined 68.77% of the shares, with the largest shareholder owning 37.79%[13] Financial Standards and Adjustments - The company adopted new financial instrument standards effective January 1, 2019, impacting the classification of financial assets[77] - The adjustment for the new standards resulted in a reclassification of available-for-sale financial assets to financial assets measured at fair value[77] - The company reported a deferred tax liability adjustment of 437,500 related to the new standards[73] Income and Expenses - Total operating costs decreased slightly to ¥1,058,191,595.94, down 2.15% from ¥1,081,407,870.35[24] - The company reported a significant increase in management expenses to ¥400,978,004.12, up 76.20% from ¥227,569,446.54, mainly due to performance-based compensation[24] - Interest expenses decreased by 25.82% to ¥192,850,749.01 from ¥259,981,103.28, attributed to reduced scale of certain financial instruments[24] - Investment income slightly decreased to ¥169,423,566.69, down 0.55% from ¥170,366,894.52[24] Current and Non-Current Assets - The company's cash and cash equivalents reached CNY 6.68 billion, up from CNY 4.74 billion at the end of 2018, indicating a growth of about 41.0%[37] - The company's receivables, including notes and accounts, increased to CNY 559.38 million from CNY 331.99 million, showing a growth of approximately 68.3%[37] - The company's total non-current assets decreased to CNY 6.81 billion from CNY 11.52 billion, a decline of approximately 40.5%[39]

Financial Performance - In 2018, the company reported a total operating income of ¥2,759,293,648.67, an increase of 7.73% compared to ¥2,561,402,779.22 in 2017[29]. - The net profit attributable to shareholders of the listed company for 2018 was -¥142,058,936.54, a decrease of 139.66% from ¥358,193,485.01 in 2017[29]. - The company decided not to distribute profits for the year due to operational losses and insufficient funds to support sustainable development[6]. - The company's total assets decreased by 15.50% to ¥38,909,170,131.48 in 2018 from ¥46,048,787,473.55 in 2017[29]. - The net assets attributable to shareholders of the listed company decreased by 6.56% to ¥12,576,163,881.65 at the end of 2018[29]. - Basic earnings per share for 2018 was -0.07 CNY, a decrease of 141.18% compared to 0.17 CNY in 2017[32]. - The diluted earnings per share for 2018 was also -0.07 CNY, reflecting the same percentage decrease as basic earnings[32]. - The company reported a net profit attributable to shareholders for Q4 2018 was 98,826,962.91 CNY, contrasting with a net loss of -144,981,343.16 CNY in Q2 2018[33]. - The total operating income for Q4 2018 was 425,355,833.58 CNY, showing a significant recovery from 71,646,037.65 CNY in Q3 2018[33]. - The company reported a net cash flow from operating activities of 4,018,368,463.35 CNY in Q4 2018, a substantial increase compared to -1,784,456,125.69 CNY in Q2 2018[33]. Business Segments - The company operates in two main business segments: thermal power and securities, with a focus on maximizing economic benefits while fulfilling government heating obligations[40][42]. - The company has expanded its securities business through its subsidiary, Jianghai Securities, which covers a wide range of traditional and innovative financial services[40][41]. - Jianghai Securities has 77 branches, including 19 subsidiaries and 58 business offices, with a strategic shift from a regional focus to a national presence[41]. - The company’s thermal power business generated a main revenue of 1,194.86 million yuan, with electricity generation decreasing by 6.87% to 37,416 million kWh and electricity sales down by 19.97% to 19,614 million kWh[78]. - The company’s brokerage business revenue was 32.3 million yuan, a decrease of 19.17% due to overall market trading activity decline and reduced commission rates[81]. Risks and Challenges - The company faced significant risks in its thermal power and securities businesses, as well as risks associated with major asset restructuring[10]. - The heating industry is characterized by low profitability, with the company focusing on cost control to maintain a competitive edge in Harbin[51]. - The company experienced significant losses in regions such as Guangdong, Beijing, and Tianjin, primarily due to strategic investments in branch offices and a weak overall market[111]. - The company faces challenges including increased market risks, insufficient capital, and a talent shortage in the competitive securities industry[192][193]. Cost and Expenses - Total operating costs increased by 29.08% year-on-year, primarily due to rising coal prices in the thermal power business and increased interest expenses on bonds and subordinated debt in the securities business[97]. - Operating costs rose by 8.64% year-on-year, mainly attributed to the increase in coal prices affecting the company and its subsidiary, Heisui Bao[97]. - Interest expenses increased by 27.16% year-on-year, primarily due to higher interest on bonds and subordinated debt from the wholly-owned subsidiary Jianghai Securities[97]. - The total cost for the thermal power business amounted to ¥1,031,036,618.42, reflecting an increase of 8.45% compared to ¥950,709,849.21 in the same period last year[117]. - The total cost for the securities industry reached ¥1,091,344,460.18, representing a 25.13% increase from ¥872,167,476.98 in the previous year[117]. Investments and Future Plans - The company plans to enhance product design capabilities and control operational costs to improve market competitiveness in the future[112]. - The company anticipates future growth in the clean energy sector, driven by national policies promoting renewable energy and environmental protection[185]. - The company aims to enhance its brokerage business by building internet channels and expanding institutional business in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen[199]. - The investment banking segment will strengthen its bond business and pursue opportunities in mergers and acquisitions to leverage market conditions[200]. Asset Management - The asset management business managed assets totaling CNY 252.87 billion, with 327 products in existence, ranking 11th in the industry by average monthly asset size[84]. - The company’s investment in available-for-sale financial assets was 7.879 billion RMB, with a report period investment income of 560.438 million RMB[173]. - The company completed the absorption merger of its wholly-owned subsidiary, Harbin Binlong Thermal Power Engineering Installation Co., Ltd., which was approved by the shareholders' meeting on June 25, 2018[178]. Regulatory Environment - The regulatory environment is expected to become more stringent, necessitating a focus on compliance and risk management to ensure steady operational improvements[199].

Financial Performance - Operating revenue increased by 8.59% to CNY 1.88 billion year-to-date[6] - Net profit attributable to shareholders was a loss of CNY 240.89 million, a decrease of 174.84% compared to the same period last year[6] - Basic earnings per share decreased by 173.33% to CNY -0.11[6] - The company reported a net profit attributable to shareholders of RMB -240,885,899.45, a decrease of 174.84% compared to RMB 321,869,463.37 in the previous year, mainly due to rising coal prices and impairment provisions[16] - The company reported an operating profit loss of ¥409,621,842.36 for the first nine months, compared to a profit of ¥398,119,861.78 in the previous year[29] - The net profit attributable to the parent company was -126,024,695.62 CNY, compared to a profit of 66,488,415.49 CNY in the same period last year, reflecting a significant decline of 289.9%[30] - The total comprehensive income for the third quarter was -347,275,612.83 CNY, a decrease from -32,696,979.85 CNY in the previous year[30] Assets and Liabilities - Total assets decreased by 10.71% to CNY 41.12 billion compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 5.96% to CNY 12.66 billion[6] - The total liabilities as of September 30, 2018, were 28,294,112,987.75 RMB, down from 32,401,163,462.80 RMB[22] - The total equity attributable to shareholders decreased to 12,657,164,846.01 RMB from 13,458,921,838.88 RMB at the beginning of the year[22] - The total assets at the end of the reporting period were ¥13,836,455,063.57, down from ¥14,524,550,089.50 at the beginning of the year[26] - The total liabilities decreased to ¥845,646,891.71 from ¥1,245,059,399.37 at the beginning of the year[26] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -926.59 million compared to CNY -5.90 billion in the same period last year[6] - The net cash flow from operating activities for the first nine months of 2018 was -926,585,769.36 RMB, a decrease of 4,975,642,331.18 RMB compared to the previous year[18] - The net cash flow from investing activities was -84,779,914.65 RMB, improving by 54,447,520.11 RMB year-on-year[18] - The net cash flow from financing activities decreased significantly to -103,408,747.89 RMB, a decline of 4,530,745,074.44 RMB, representing a -102.34% change[18] - Cash flow from operating activities for the first nine months was 281,617,008.25 CNY, down from 373,621,883.10 CNY in the previous year, indicating a decline of 24.6%[34] - The net cash flow from operating activities for the first nine months was -¥388,805,131.94, worsening from -¥100,132,216.14 year-on-year[38] Shareholder Information - The company reported a total of 36,714 shareholders at the end of the reporting period[9] - The largest shareholder, Harbin Investment Group, holds 37.79% of the shares[9] Government Subsidies - The company received government subsidies amounting to CNY 18.76 million year-to-date, which are closely related to its normal business operations[8] Revenue and Costs - Total operating costs rose by 53.03% to RMB 2,823,277,174.95, primarily due to increased heating area and rising coal prices[14] - Interest income increased by 29.30% to RMB 635,767,333.40, driven by higher income from equity pledge repurchase by the wholly-owned subsidiary Jianghai Securities[14] - Total revenue for the first three quarters of 2018 reached RMB 1,878,388,283.98, an increase of 8.59% compared to RMB 1,729,811,938.46 in the previous year[14] - Operating revenue for the first nine months was 446,264,958.48 CNY, a slight increase of 2.0% from 433,864,385.40 CNY in the previous year[32] Inventory and Receivables - Accounts receivable rose by 57.01% to RMB 358,459,083.73, mainly due to increased securities settlement receivables from Jianghai Securities[12] - Inventory increased by 82.96% to RMB 213,133,062.13, reflecting higher coal reserves held by the company and its subsidiaries[12] Other Financial Metrics - The weighted average return on equity decreased by 4.16 percentage points to -1.83%[6] - The company's derivative financial assets increased to RMB 3,684,773.00, marking a 100% increase, attributed to the increase in equity derivative tool assets held by Jianghai Securities[12] - Deferred tax assets surged by 246.16% to RMB 288,417,333.24, driven by increased deductible temporary differences from financial asset valuation changes[12]

Financial Performance - Total operating revenue for the first half of 2018 was CNY 1,465,844,245.73, an increase of 13.71% compared to CNY 1,289,096,033.14 in the same period last year[17]. - Net profit attributable to shareholders was a loss of CNY 114,861,203.83, a decrease of 144.98% from a profit of CNY 255,381,047.88 in the previous year[17]. - The company's net assets attributable to shareholders decreased by 1.92% to CNY 13,200,198,527.63 from CNY 13,458,921,838.88 at the end of the previous year[17]. - Total assets decreased by 7.37% to CNY 42,653,682,344.20 from CNY 46,048,787,473.55 at the end of the previous year[17]. - Basic earnings per share for the first half of 2018 was -CNY 0.05, a decline of 141.67% compared to CNY 0.12 in the same period last year[18]. - The weighted average return on net assets was -0.86%, a decrease of 2.71 percentage points from 1.85% in the previous year[18]. - The company reported a total profit of -22.5 million CNY, a decline of 201.45% compared to the previous year[59]. - The company reported a net profit of -150 million yuan for the reporting period, with total revenue of 570 million yuan[83]. - The company recognized an impairment provision totaling RMB 408.19 million for various financial assets, significantly impacting the consolidated profit for the first half of 2018[143]. - The net profit attributable to the parent company decreased by RMB 306.15 million due to the impairment provision[143]. Revenue and Costs - Total operating costs surged by 64.70% to CNY 2,028,907,390.25, up from CNY 1,231,902,587.59 in the previous year[66]. - The increase in total operating revenue was primarily driven by an increase in heating area and higher interest income from pledged equity repurchase[68]. - Operating costs increased due to rising coal prices and an increase in heating area, alongside higher interest expenses from bonds and debt[68]. - The thermal power business generated revenue of 706.47 million CNY, an increase of 5.45% year-on-year, but profit decreased by 66.14% to 41.95 million CNY[55]. - The company's securities business revenue decreased by 1.85% year-on-year to 570 million CNY, while total operating costs surged by 120.99% to 793 million CNY[59]. Cash Flow and Financing - The company reported a net cash flow from operating activities of -CNY 1,456,393,980.73, compared to -CNY 3,588,523,292.99 in the previous year[17]. - Net cash flow from financing activities decreased by 69.98%, dropping to CNY 738,945,979.19 from CNY 2,461,286,016.96[67]. - Cash inflow from financing activities totaled 4,125,730,000.00 RMB, down from 5,307,070,000.00 RMB year-over-year, reflecting a decline in financing activities[193]. - The net cash flow from financing activities was 738,945,979.19 RMB, a decrease from 2,461,286,016.96 RMB in the previous year, indicating reduced financing efficiency[193]. - The ending balance of cash and cash equivalents was 6,316,458,246.74 RMB, down from 6,985,735,022.50 RMB at the end of the previous period[193]. Assets and Liabilities - Total assets decreased from CNY 46,048,787,473.55 to CNY 42,653,682,344.20, a decline of approximately 7.9%[181]. - Total liabilities decreased from CNY 32,401,163,462.80 to CNY 29,272,033,028.58, a reduction of about 9.5%[181]. - Current liabilities decreased from CNY 23,786,164,437.34 to CNY 19,436,481,815.05, representing a decrease of approximately 18.5%[181]. - Non-current liabilities increased from CNY 8,614,999,025.46 to CNY 9,835,551,213.53, an increase of about 14.1%[181]. - Owner's equity decreased from CNY 13,647,624,010.75 to CNY 13,381,649,315.62, a decline of approximately 2.0%[181]. Business Operations - The company’s main business includes thermal power and securities, focusing on power generation, heating supply, and industrial steam production[22]. - The company operates four thermal power plants with a total of 130 tons of steam boilers, producing electricity and industrial steam[22]. - The company has a total installed capacity of 99 MW, which has not changed compared to the same period last year[36]. - The total heating area covered by the company is 30.81 million square meters, accounting for 11.8% of the total heating area in Harbin[31]. - The company has maintained its operational scale with 9 generating units, which has remained unchanged from the previous year[38]. Environmental Compliance - The company has established a total of 3 emission outlets at its thermal power plant, with specific pollutant discharge standards set for each outlet[122]. - The annual emission limits for the thermal power plant are set at 246.23 tons for particulate matter, 1649.9 tons for sulfur dioxide, and 2899.42 tons for nitrogen oxides[123]. - The company has implemented significant upgrades to its pollution control facilities, including bag filters and desulfurization systems, to meet current environmental standards[130]. - The company is committed to ongoing environmental compliance and improvement, ensuring that all facilities meet the latest emission standards[130]. - The company plans to upgrade four 70MW hot water boilers for desulfurization and denitrification in the second half of 2018 to meet new emission standards[131]. Shareholder Information - The total number of ordinary shareholders reached 36,628 by the end of the reporting period[150]. - The largest shareholder, Harbin Investment Group, holds 796,834,680 shares, representing 37.79% of the total share capital[152]. - Harbin Investment Group increased its holdings by 28,463,447 shares, with a total investment of RMB 213.42 million, accounting for 1.35% of the company's total shares[154]. - The company has not reported any changes in its share capital structure during the reporting period[146]. - The total equity attributable to the parent company at the end of the current period is 13,381,649,315.62, a decrease of 265,974,695.13 compared to the previous period[199]. Risk Management - The company faces significant risks from coal price fluctuations, which heavily impact profitability due to high coal costs[91]. - Environmental policy changes may require substantial upgrades to existing facilities to meet new emission standards starting January 1, 2019[92]. - The company is experiencing aging equipment risks, with several boilers and generators exceeding their 30-year design life, necessitating research into alternative heat sources[92]. - Credit risk remains a concern due to tightening financing conditions for small and medium enterprises, leading to potential defaults on stock pledge clients[96]. - The company has been enhancing its internal control system to improve risk management and operational efficiency[64]. Corporate Governance - The company has made various commitments regarding the authenticity and accuracy of the information provided, with specific commitments made on multiple dates from 2015 to 2016[101]. - The company has not faced any penalties or investigations related to its directors and senior management[101]. - The company has committed to avoiding related party transactions and ensuring the independence of the listed company[101]. - The company has not reported any major contracts or guarantees during the reporting period[112]. - The company has not reported any changes in the shareholding of directors, supervisors, and senior management during the reporting period[160]. Community Engagement - The company has engaged in targeted poverty alleviation efforts, helping 5 registered impoverished individuals to escape poverty[116]. - The company has conducted over 10 on-site assistance visits and participated in various poverty alleviation meetings[115]. - The company has focused on industrial poverty alleviation, supporting local characteristic industries to increase farmers' income[114]. - The company has implemented public service projects to improve education, healthcare, and social security in impoverished areas[119]. - The company has successfully completed its poverty alleviation efforts in Fuyuan County, achieving official poverty alleviation status as of 2018[120].

2018 年第一季度报告 公司代码：600864 公司简称：哈投股份 哈尔滨哈投投资股份有限公司 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 9 | 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 营业总收入包括：营业收入、利息收入、手续费及佣金收入，具体见财务报表部分。 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | -97,764.67 | | | 越权审批，或无正式批准文件，或偶发性的税收返还、减免 | | | | 计入当期损益的政府补助，但与公司正常经营业务密切相关， | 3,244,968.32 | | 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 43,528,485,185.84 46,048,787,473.55 -5.47 归属于上市公司 ...

Financial Performance - The company's total revenue for 2017 was CNY 2,561,402,779.22, representing a 7.53% increase compared to CNY 2,382,009,577.24 in 2016[23]. - The net profit attributable to shareholders for 2017 was CNY 358,193,485.01, up 4.57% from CNY 342,555,588.30 in 2016[23]. - The net profit after deducting non-recurring gains and losses was CNY 339,749,016.11, a significant increase of 43.38% from CNY 236,956,186.57 in 2016[23]. - The company's total assets increased by 55.82% to CNY 46,048,787,473.55 at the end of 2017, compared to CNY 29,553,198,952.58 at the end of 2016[23]. - The basic earnings per share for 2017 decreased by 29.17% to CNY 0.17 from CNY 0.24 in 2016[24]. - The company reported a net cash flow from operating activities of CNY -9,184,467,642.40, an improvement from CNY -9,297,708,404.99 in 2016[23]. - The company's net assets attributable to shareholders at the end of 2017 were CNY 13,458,921,838.88, a slight decrease of 0.78% from CNY 13,564,465,527.45 at the end of 2016[23]. - The company's weighted average return on equity decreased by 1.35 percentage points to 2.64% in 2017[25]. - The net profit attributable to shareholders for Q1 2017 was approximately CNY 106.30 million, while Q4 2017 saw a decline to CNY 36.32 million[26]. - The total operating income for Q1 2017 was CNY 435.91 million, with Q4 2017 reporting CNY 431.12 million[26]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 210,851,376.20, based on a total share capital of 2,108,513,762 shares[5]. - The company’s profit distribution plan is subject to approval at the annual general meeting[6]. - The cash dividend payout ratio for 2017 was 58.87% of the net profit attributable to ordinary shareholders in the consolidated financial statements[152]. - A cash dividend of CNY 1.00 per 10 shares (including tax) is proposed, totaling CNY 210,851,376.20, based on a total share capital of 2,108,513,762 shares[151]. - The remaining undistributed profit after the dividend distribution amounts to 940,113,384.25 RMB, which will be carried over to the next fiscal year[150]. Business Operations and Strategy - The company operates in the thermal power and securities sectors, with a focus on integrated heat and power generation[32]. - The company aims to enhance user service quality in heating, adhering to government standards for indoor temperature during the winter heating period[35]. - The company aims to enhance its comprehensive business service capabilities by integrating brokerage, asset management, and investment consulting[37]. - The company is transitioning towards active management in its asset management business while maintaining its leading position in the industry[36]. - The company is focusing on cost control and management to improve profitability in the heating business, which is under pressure from rising coal prices and environmental regulations[39]. - The company is focusing on diversifying its business model and exploring new revenue streams amid a challenging market environment[77]. - The company is pursuing a diversified business strategy, aiming to integrate public utilities, financial services, and other potential industries into a multi-faceted investment holding group[130]. - The company is actively monitoring market trends and regulatory changes to adapt its strategies accordingly[111]. Risks and Challenges - The company faces risks in its thermal power business, securities business, and potential risks following major asset restructuring[9]. - The company is facing challenges due to rising coal prices and regulatory changes affecting electricity pricing and environmental standards[109][110]. - The company is experiencing operational difficulties in its thermal power business due to high coal prices and unchanged steam and heating prices, negatively impacting overall profitability[127]. - The company faces significant risks in its thermal power business due to rising coal prices and aging infrastructure, which may impact profitability in 2018[141]. Asset Management and Investments - The asset management business achieved a management asset scale of 349.07 billion yuan, with a year-on-year revenue increase of 19.20% to 151 million yuan[62]. - The proprietary trading business generated a revenue of 403 million yuan, reflecting a significant year-on-year growth of 94.43%[62]. - The credit business reported a revenue of 277 million yuan, marking a year-on-year increase of 28.11%[63]. - The company completed a major asset restructuring, acquiring Jianghai Securities, establishing a dual main business model of "public utilities + financial services"[130]. Environmental and Social Responsibility - Environmental protection expenditures amounted to RMB 14.38 million in operational costs and RMB 34.64 million in capital expenditures for 2017, with projected increases for 2018[195]. - The company achieved a 4.15% reduction in coal consumption per kilowatt-hour, decreasing from 314.84 g/kWh in 2016 to 301.76 g/kWh in 2017[194]. - The company has engaged in social responsibility initiatives, including a medical assistance fund of RMB 500,000 to support healthcare for approximately 750 impoverished individuals in Fuyuan County[188]. - The company has signed a partnership agreement with three national-level poverty-stricken counties to implement targeted poverty alleviation measures[188]. Compliance and Governance - The company has maintained a strong focus on compliance and risk control, ensuring operations remain within regulatory limits[52]. - The company is committed to strengthening compliance and risk management, aiming for significant upgrades in these areas over the next five years[139]. - The company has implemented a comprehensive internal control system to enhance risk management capabilities[65]. - The company has established a dedicated environmental management department to oversee compliance with pollution control standards[197]. Related Party Transactions - The company’s related party transactions included engineering installation services valued at 152.43 million RMB[171]. - The company’s related party transactions were conducted at market prices, ensuring compliance with pricing principles[171]. - Total related party transactions amounted to 3,146.84 million RMB, representing 100% of similar transaction amounts[171]. Future Plans - The company plans to upgrade its facilities to comply with new environmental regulations set to take effect in 2019[110]. - The company plans to invest 200 million yuan in fixed assets for environmental upgrades in 2018, funded through self-raised capital, government subsidies, and bank loans[134]. - The company is focusing on product innovation and plans to launch its internet financial management platform in 2018, enhancing its product line to meet diverse customer needs[137].

Financial Performance - Net profit attributable to shareholders rose by 20.08% to CNY 321.87 million year-on-year[7] - Operating revenue increased by 7.76% to CNY 768.59 million compared to the same period last year[7] - The company reported a 100.17% increase in net profit after deducting non-recurring gains and losses, reaching CNY 312.03 million[7] - Net profit attributable to the parent company increased by 20.08% to approximately RMB 321.87 million, influenced by changes in equity control of merged entities[18] - Net profit for the first nine months reached CNY 274,311,465.22, compared to CNY 107,316,440.68 in the previous year, reflecting an increase of 155.61%[38] - Net profit for the third quarter was ¥52,794,890.59, a decrease of 43.5% compared to ¥94,032,099.36 in the same quarter last year[36] Assets and Liabilities - Total assets increased by 43.45% to CNY 42.39 billion compared to the end of the previous year[7] - The total liabilities for the company increased significantly, with long-term payables rising by 2,236.99% to RMB 4,690,201,318.08, primarily due to the issuance of subordinated debt by Jianghai Securities[15] - Total liabilities rose to ¥28.36 billion, compared to ¥15.80 billion in the previous year, indicating an increase of about 79.3%[30] - Current liabilities reached ¥21.62 billion, a significant rise from ¥13.53 billion, reflecting a growth of approximately 60%[30] - The company's equity attributable to shareholders increased to ¥13.85 billion, compared to ¥13.56 billion, showing a growth of about 2.1%[31] Cash Flow - The net cash flow from operating activities was negative at CNY -5.90 billion, worsening from CNY -3.46 billion in the previous year[7] - Net cash flow from operating activities decreased by approximately RMB 2.44 billion, primarily due to increased net cash outflow from repurchase activities by Jianghai Securities[19] - The company reported a net cash outflow from operating activities of CNY -5,902,228,100.54 for the first nine months, worsening from CNY -3,460,738,698.65 in the previous year[42] - Cash and cash equivalents at the end of the period stood at CNY 6,590,987,674.29, down from CNY 12,330,950,852.41 a year earlier[43] - Cash inflow from financing activities was ¥32,000,000.00, a decrease from ¥5,054,999,994.99 in the previous year[45] Revenue and Expenses - The total operating costs rose by 37.00% to RMB 1,844,941,898.73, primarily due to rising coal prices and increased financing costs from Jianghai Securities[17] - The company's commission and fee income decreased by 26.33% to RMB 469,736,729.99, impacted by reduced trading volumes in the securities market[17] - Total operating revenue for the third quarter reached ¥440,922,058.02, an increase of 10.9% compared to ¥397,603,521.05 in the same period last year[35] - Total operating expenses for the first nine months were CNY 272,127,201.36, an increase from CNY 257,127,146.52 in the previous year[38] Investments - Interest income increased by 40.67% to RMB 491,695,881.78, driven by increased interest from equity pledge repurchase by the wholly-owned subsidiary Jianghai Securities[17] - Investment income increased by 275.07% to approximately RMB 526.36 million, driven by reduced losses from financial asset disposals and increased dividends and interest from held financial assets[18] - The company reported a fair value change gain of CNY 43,404.21, contrasting with a loss of CNY -17,450.00 in the previous year[38] Shareholder Information - The total number of shareholders reached 35,142 by the end of the reporting period[10] - The largest shareholder, Harbin Investment Group, holds 36.44% of the shares, with 768,371,233 shares pledged[10] Strategic Initiatives - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[35]