2021 年第一季度报告 公司代码：601002 公司简称：晋亿实业 晋亿实业股份有限公司 2021 年第一季度报告 1 / 22 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 11 | 2021 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 22 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 5,191,965,743.46 4,961,298,015.66 4.65 归属于上市公司股 东的净资产 4,004,089,018.02 3,954,515,740.44 1.25 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 -67,186,905.69 77,364,000.67 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 565,831,879.20 298,185,353.68 89.76 归属于上市公司股 东的净利 ...

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 502,378,337.90, with the parent company achieving a net profit of CNY 193,597,782.67[5] - The company's total revenue for 2020 was approximately ¥2.52 billion, a decrease of 14.43% compared to ¥2.95 billion in 2019[22] - Net profit attributable to shareholders increased significantly to approximately ¥502.38 million, up 262.72% from ¥138.50 million in 2019[22] - Basic earnings per share rose to ¥0.56, reflecting a 229.41% increase from ¥0.17 in 2019[23] - The weighted average return on equity improved to 14.61%, an increase of 9.37 percentage points from 5.24% in 2019[23] - The company's net cash flow from operating activities was approximately ¥476.76 million, a 10.59% increase from ¥431.09 million in 2019[22] - The total unallocated profit remaining after dividend distribution is CNY 773,474,849.60, which will be used to supplement working capital[5] - The company achieved operating revenue of ¥2,521,879,333.89, a year-on-year decrease of 14.43% due to the impact of COVID-19 on the domestic machinery parts market[45] - The net profit attributable to shareholders was ¥502,378,337.90, a significant increase of 262.72%, primarily driven by a substantial rise in non-recurring gains and losses[45] Dividends and Profit Distribution - The company proposed a cash dividend of CNY 0.5 per 10 shares, totaling CNY 47,561,400, based on a total share capital of 95,122,800 shares[5] - The cumulative distributable profit available to shareholders reached CNY 821,036,249.60, including retained earnings from previous years[5] - The company extracted 10% of the net profit as statutory surplus reserve, amounting to CNY 19,359,778.27[5] - The company did not propose a cash profit distribution plan for ordinary shareholders despite having positive distributable profits[99] - The company has not reported any increase in dividends per share over the past three years, maintaining a consistent cash dividend of 0.50 RMB per 10 shares in 2020[97] Audit and Compliance - The company received a standard unqualified audit report from Tianjian Accounting Firm[4] - The company has not violated decision-making procedures for external guarantees[8] - There were no non-operating fund occupations by controlling shareholders or related parties[8] - The company has not faced any violations of securities laws or regulations related to its stock issuance[101] - The company continues to employ Tianjian Accounting Firm for the 2020 financial audit, with a remuneration of RMB 2.46 million[104] - The internal control audit is also conducted by Tianjian Accounting Firm, with a fee of RMB 200,000[104] - The company has no significant litigation or arbitration matters during the reporting period[105] Market and Industry Position - The company specializes in the research, development, production, and sales of various fasteners, railway fasteners, hardware products, and automation storage equipment, focusing on high-end fasteners to enhance product value[31] - The fastener industry in China is the largest in the world, with a steady growth trend, but faces challenges such as overcapacity in low-end products and insufficient supply of high-end products[33] - The company is a leading player in the fastener industry, producing a wide range of high-quality fasteners that meet various international standards, and is the only domestic manufacturer capable of producing complete sets of high-speed railway fasteners[35] - The company plans to expand its market presence in the high-speed rail sector, which is projected to grow steadily due to increased investment and demand for railway infrastructure[85] Research and Development - The company has a dedicated R&D center with advanced testing facilities, recognized as a research and development base for railway materials by the China Railway Corporation[38] - Research and development expenses increased by 7.87% to ¥121,655,847.69, indicating a commitment to innovation[47] - The company has a significant talent pool with extensive experience in the fastener industry, ensuring stable business development[40] - The company is focusing on the development of new technologies, including the automation of machining, phosphating, screening, and packaging processes for high-strength automotive fasteners[170] Environmental Compliance - The company conducted soil sampling and testing annually as required by environmental authorities, ensuring compliance with pollution standards[165] - The company operates 14 sets of waste gas treatment facilities and 3 sets of wastewater treatment facilities, all in normal operation[167] - The company is committed to environmental compliance, adhering to standards for wastewater and air emissions as per national regulations[174] Corporate Governance - The company has a structured approach to corporate governance, continuously improving its operational framework[163] - The company has committed to ensuring fair and honest transactions with market-recognized pricing in any dealings with related parties[100] - The company has a lock-up period of 36 months for shares acquired through a non-public offering[101] Related Party Transactions - The company engaged in related party transactions with LITONG Technology amounting to approximately RMB 20 million, including procurement of parts and services, with a total of RMB 15,890,62.59 for parts and RMB 3,609,815.23 for services by the end of the reporting period[109] - The company confirmed related party transactions with JINYI LOGISTICS, which became an associated company in November 2020, with total transactions amounting to RMB 425 million, including procurement and sales of various products and services[114] Financial Management - The company has invested a total of ¥330,000,000 in bank wealth management products using raised funds, with an outstanding balance of ¥268,160,000[131] - The company has also invested ¥577,360,000 in bank wealth management products using its own funds, with an outstanding balance of ¥462,120,000[131] - The company has a total guarantee amount (including guarantees to subsidiaries) of ¥35,000,000[129] Future Plans - The company plans to enhance its online sales platform to optimize intermediate processes and improve efficiency, thereby reducing procurement costs and increasing gross margins[44] - The company plans to increase investment in railway fasteners and expand its market share in high-strength automotive fasteners to reverse the decline in overseas sales[118] - The company aims to become a benchmark enterprise in the fastener industry by focusing on product brand building and increasing R&D investment[86]

Financial Performance - Operating revenue decreased by 25.29% to CNY 1,759,913,960.45 compared to the same period last year[11] - Net profit attributable to shareholders decreased by 15.44% to CNY 106,895,487.92 compared to the same period last year[7] - Basic earnings per share decreased by 23.90% to CNY 0.121 compared to the same period last year[8] - The company reported a significant increase in tax payable by 40.48% to RMB 37,251,022.85, which is 0.77% of total liabilities[14] - The company reported a total profit of CNY 103,281,242.56 in Q3 2020, compared to CNY 63,904,659.08 in Q3 2019, representing an increase of approximately 61.8%[40] - The net profit for Q3 2020 reached CNY 85,226,911.01, compared to CNY 47,711,904.37 in Q3 2019, indicating a significant increase of approximately 78.8%[40] Assets and Liabilities - Total assets increased by 14.76% to CNY 4,859,112,149.28 compared to the end of the previous year[7] - Total liabilities decreased to ¥1,061,999,024.61 in Q3 2020 from ¥1,196,886,966.21 in Q3 2019, a reduction of approximately 11.3%[31] - Cash and cash equivalents decreased by 91.67% to RMB 23,072,907.24, accounting for 0.47% of total assets[14] - Trading financial assets increased by 100% to RMB 530,520,000.00, representing 10.92% of total assets[14] - Accounts receivable rose by 4.80% to RMB 723,693,305.20, making up 14.89% of total assets[14] - Total liabilities reached ¥1,275,019,684.68, with current liabilities at ¥672,127,561.12 and non-current liabilities at ¥602,892,123.56[50] Cash Flow - Cash flow from operating activities decreased by 43.10% to CNY 174,821,678.64 compared to the same period last year[7] - Cash flow from operating activities for the first three quarters of 2020 was CNY 1,933,333,075.17, down from CNY 2,661,331,526.22 in the same period of 2019, a decrease of about 27.4%[42] - The net cash flow from investment activities was -CNY 476,555,207.24, compared to -CNY 44,802,461.24 in Q3 2019, indicating increased investment outflows[43] - The net cash flow from financing activities was CNY 159,877,506.37, a turnaround from -CNY 213,529,309.26 in Q3 2019[44] Equity and Shareholder Information - Net assets attributable to shareholders increased by 31.48% to CNY 3,570,933,593.52 compared to the end of the previous year[7] - The company reported a total equity of ¥3,659,650,873.03 in Q3 2020, up from ¥2,734,907,570.81 in Q3 2019, reflecting a growth of approximately 33.8%[31] - Shareholders' equity totaled ¥2,959,201,498.66, with paid-in capital at ¥792,690,000.00 and capital reserve at ¥1,100,503,173.98[50] Operational Efficiency and Cost Management - The company has indicated a focus on improving operational efficiency and cost management strategies moving forward[36] - The company reported a decrease in sales expenses by 38.52% to CNY 81,588,639.26 compared to the same period last year[11] - The company experienced a decrease in sales expenses, which were CNY 26,632,182.46 in Q3 2020, down from CNY 27,787,902.55 in Q3 2019, a reduction of about 4.1%[39] Research and Development - Research and development expenses for Q3 2020 were ¥40,876,866.05, compared to ¥36,591,623.67 in Q3 2019, showing an increase of about 11.0%[35] - Research and development expenses for Q3 2020 amounted to CNY 37,975,544.39, up from CNY 32,962,042.89 in Q3 2019, marking an increase of about 15.5%[39] Market Presence and Future Growth - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥1.01 billion, a decrease of 38.55% compared to ¥1.65 billion in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥54.20 million, down 33.64% from ¥81.67 million in the previous year[18]. - The basic earnings per share for the first half of 2020 was ¥0.064, a decrease of 37.86% from ¥0.103 in the same period last year[20]. - The total operating revenue for the first half of 2020 was CNY 1,011,185,581.21, a decrease of 38.55% compared to CNY 1,645,668,466.86 in the same period last year[31]. - The net profit for the first half of 2020 was CNY 53,258,343.46, a decline of 34.0% from CNY 80,617,924.29 in the first half of 2019[151]. - The total operating costs for the first half of 2020 were approximately ¥732.52 million, down 37.2% from ¥1,168.03 million in the first half of 2019[154]. Cash Flow and Assets - The net cash flow from operating activities increased by 24.38% to approximately ¥227.60 million, compared to ¥182.99 million in the same period last year[18]. - The company's total assets at the end of the reporting period were approximately ¥4.84 billion, an increase of 14.41% from ¥4.23 billion at the end of the previous year[18]. - The total monetary funds decreased by 36.52% to ¥108,722,728.03, primarily due to temporarily idle funds being used for investment[35]. - The company's cash flow from operating activities for the first half of 2020 was approximately ¥227.60 million, an increase of 24.4% from ¥182.99 million in the first half of 2019[158]. - The total cash and cash equivalents at the end of the period was CNY 84,658,499.58, down from CNY 150,866,124.18 at the end of the first half of 2019[161]. Investments and Financing - The company completed a non-public offering of A-shares, raising a total of CNY 792,690,000, with net cash proceeds of CNY 473,776,491.10 after expenses[28]. - The company borrowed 1 billion USD or equivalent in cross-border RMB from related party Jinzheng Enterprise, which accounts for approximately 22.83% of the company's latest audited net assets[80]. - The company approved a borrowing limit of up to 200 million RMB for its subsidiaries to further alleviate financing pressure, with a borrowing term of three years[82]. - The company plans to raise at least RMB 20 million through a private placement of shares[67]. Subsidiaries and Joint Ventures - The company is progressing with a joint venture to establish Ningbo Jinchang Management Consulting Partnership, with a shareholding structure defined[39]. - Zhejiang Jinji Auto Parts Co., Ltd. was established with a registered capital of 260.74 million RMB and is recognized as a high-tech enterprise, benefiting from a 15% corporate income tax rate for three years[44]. - The company completed the acquisition of 100% equity in JINDE Company and Zhejiang JINJI, with the transfer procedures finalized on April 13, 2020[77]. Market and Competitive Position - The company is focusing on high-end fastener business development and has upgraded production and testing equipment to enhance product quality and value[27]. - The railway fastening market is expected to grow steadily due to increased railway fixed asset investment and demand for new lines and capacity[23]. - The company is the only domestic manufacturer capable of producing a complete set of high-speed railway fastening components for speeds of 250 km/h and 350 km/h, enhancing its competitive edge in the industry[24]. Environmental Compliance - The company is classified as a key pollutant discharge unit in Zhejiang Province, with regular environmental monitoring and compliance with pollution discharge standards[95]. - The company has implemented various environmental protection measures and has passed multiple inspections by regulatory authorities[95]. - The company has a comprehensive environmental management strategy in place, ensuring compliance with local and national environmental regulations[95]. Corporate Governance and Compliance - The company has successfully passed several resolutions in shareholder meetings regarding stock issuance and financial management strategies[63]. - The company guarantees that any transactions with related parties will adhere to fair and honest principles, ensuring market-recognized pricing[66]. - The company has committed to ensuring that all promises made regarding stock issuance and related transactions remain effective and unchangeable[66]. Research and Development - Research and development expenses for the first half of 2020 were CNY 41,143,131.18, compared to CNY 45,110,520.12 in the previous year[151]. - The company is focused on technological upgrades and automation in its production processes to enhance efficiency[103]. Risk Management - The company has outlined potential risks in its future development strategies, emphasizing the importance of investor awareness regarding investment risks[5]. - The company anticipates potential risks from macroeconomic fluctuations and raw material price volatility, which could impact operational performance[54]. - The company is actively exploring diversified markets to mitigate trade barrier risks due to the US-China trade tensions[55].

Financial Performance - Operating revenue decreased by 71.59% to CNY 298,185,353.68 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 86.71% to CNY 9,645,085.22 compared to the same period last year[5] - Basic earnings per share decreased by 88.89% to CNY 0.01 compared to CNY 0.09 in the same period last year[5] - Operating profit for Q1 2020 was CNY 8,194,823.19, a significant decline of 91.4% from CNY 95,205,297.12 in Q1 2019[38] - The company reported a net profit of CNY 7,218,930.91 for Q1 2020, down 92.4% from CNY 94,690,544.63 in Q1 2019[38] - The total comprehensive income for Q1 2020 was ¥11,492,383.83, down 84.5% from ¥74,136,859.49 in Q1 2019[42] Cash Flow - Net cash flow from operating activities was CNY 77,364,000.67, a significant improvement from a negative CNY 50,302,964.71 in the previous year[5] - The net cash flow from operating activities for Q1 2020 was 83,308,525.67 RMB, a significant improvement compared to -79,208,983.51 RMB in Q1 2019[47] - The company's total cash flow from operating activities was impacted by a significant reduction in sales revenue, which was 434,633,633.72 RMB compared to 890,007,268.52 RMB in Q1 2019[47] Assets and Liabilities - Total assets increased by 1.13% to CNY 4,282,070,210.94 compared to the end of the previous year[5] - The company's total current liabilities reached RMB 753,781,806.99 as of March 31, 2020, compared to RMB 672,127,561.12 at the end of 2019, indicating an increase of approximately 12.1%[31] - Total liabilities as of March 31, 2020, were CNY 1,149,614,516.55, down from CNY 1,196,886,966.21 at the end of 2019[36] - Shareholders' equity as of March 31, 2020, was CNY 2,747,029,510.39, compared to CNY 2,734,907,570.81 at the end of 2019[36] Shareholder Information - The total number of shareholders reached 71,534 at the end of the reporting period[8] - The largest shareholder, CHIN CHAMP ENTERPRISE CO., LTD., holds 41.35% of the shares[8] Research and Development - The company reported a significant reduction in research and development expenses, which fell by 66.69% to 7,207,214.77 from 21,637,119.28[14] - The company's research and development expenses in Q1 2020 were ¥6,563,240.03, a decrease of 68.1% from ¥20,581,501.37 in Q1 2019[41] Inventory and Accounts Receivable - Accounts receivable decreased by 26.68% to 415,464,434.43 from 566,674,495.08 year-on-year, primarily due to a decline in revenue[13] - Inventory increased by 11.23% to 1,634,829,806.33, up from 1,469,824,675.17, mainly due to an increase in raw material stock[13] - The company reported a total of RMB 1,634,829,806.33 in inventory as of March 31, 2020, compared to RMB 1,469,824,675.17 at the end of 2019, reflecting an increase of approximately 11.2%[29] Financial Expenses - Financial expenses decreased by 75.50% to 3,317,884.56 from 13,539,818.66, attributed to increased foreign exchange gains[15] - Financial expenses for Q1 2020 were ¥3,362,473.51, down 72.5% from ¥12,212,498.79 in Q1 2019[41] Equity and Share Issuance - The company plans to issue up to 158,538,000 new shares as part of its non-public offering approved by the China Securities Regulatory Commission[19] - The company completed the transfer of 100% equity in Jinde Company and Zhejiang Jinjie as part of its non-public stock issuance plan[20] Taxation - The company experienced a 85.67% decrease in taxes payable, dropping to 2,272,451.15 from 15,859,811.41, mainly due to a reduction in value-added tax and its surcharges[15]

Financial Performance - In 2019, the company's operating revenue was CNY 2,947,098,702.41, a decrease of 15.10% compared to CNY 3,471,277,743.91 in 2018[22] - The net profit attributable to shareholders was CNY 138,501,374.15, down 22.10% from CNY 177,795,113.72 in the previous year[22] - The net profit after deducting non-recurring gains and losses was CNY 129,979,812.85, a decrease of 28.17% compared to CNY 180,943,434.67 in 2018[22] - The total revenue for the company was approximately ¥2.8 billion, with a year-over-year decrease of 14.32%[46] - The gross profit margin for the company was 21.86%, reflecting a decrease of 0.95 percentage points compared to the previous year[46] - The revenue from fasteners was ¥2.75 billion, with a gross margin of 22.00%, down 12.84% year-over-year[46] - The revenue from the transportation industry increased significantly by 111.10% to ¥699.78 million, with a gross margin of 26.72%[46] - The company achieved operating revenue of ¥2,947,098,702.41, a decrease of 15.10% year-on-year, primarily due to a decline in export sales of fasteners impacted by US-China trade tensions[41] - Net profit attributable to shareholders was ¥138,501,374.15, down 22.10% year-on-year, reflecting the challenges faced in the export market[41] Cash Flow and Assets - The net cash flow from operating activities was CNY 431,092,124.92, an increase of 26.30% from CNY 341,316,485.68 in 2018[23] - The total assets at the end of 2019 were CNY 4,234,221,183.34, a decrease of 10.73% from CNY 4,743,226,251.87 at the end of 2018[23] - The net assets attributable to shareholders increased by 5.55% to CNY 2,715,909,026.39 from CNY 2,573,009,458.75 in 2018[23] - Operating cash flow increased by 26.30% to ¥431,092,124.92, mainly due to reduced material procurement payments[43] - Cash and cash equivalents decreased by 24.99% to ¥167,199,264.52, accounting for 3.95% of total assets[55] - Accounts receivable decreased by 22.15% to ¥566,674,495.08, representing 13.38% of total assets[55] - Inventory decreased by 23.30% to ¥1,469,824,675.17, making up 34.71% of total assets[55] Research and Development - Research and development expenses increased by 42.93% to ¥112,784,481.71, as the company intensified its investment in new product and technology development[43] - The company has a total of 120 patents, including design, invention, and utility model patents, as of the end of 2019[36] - The company is recognized as a designated research and development base for railway equipment by China Railway Corporation, enhancing its technical capabilities[36] - The company aims to enhance R&D investment in cold heading technology and precision forming technology for large specifications fasteners, focusing on high-quality materials and surface modification technologies[76] - The company reported a total of 221 R&D personnel, accounting for 8.20% of the total workforce, with R&D expenses amounting to ¥112.78 million, representing 3.83% of total revenue[53] Market Position and Strategy - The company is a leading player in the fastener industry, producing a wide range of high-quality products including bolts, nuts, and special fasteners, with significant market share both domestically and internationally[34] - The fastener industry is experiencing a shift from high-speed growth to high-quality growth, driven by increased demand for high-performance products[33] - The company aims to enhance its product quality and performance through continuous technological upgrades and innovation[33] - The company plans to increase the proportion of high-precision and high-strength fasteners, targeting high-end markets such as aerospace and aviation[81] - The company will enhance its market development efforts, focusing on new customer acquisition and expanding its presence in the urban rail fastening market[81] Related Party Transactions - The company has engaged in related party transactions totaling approximately RMB 80 million (including tax) with Taizhan Mould, primarily for material procurement and labor services[99] - The company has also engaged in related party transactions with Hongyi Machinery amounting to RMB 3.7 million (including tax) for equipment and labor services[100] - Related party transactions with Jin Chun Precision totaled approximately RMB 50.4 million (including tax), involving material procurement and labor services[102] - The company has reported related party transactions with Jin Sheng Green Energy amounting to RMB 2.5 million (including tax) for procurement and labor services[103] - Related party transactions with Litong Technology reached approximately RMB 20 million (including tax), covering procurement of software, equipment, and labor services[104] Corporate Governance - The company has implemented various environmental protection measures, including monthly wastewater sampling and quarterly air quality assessments[143] - The company is actively improving its corporate governance structure and ensuring compliance with information disclosure obligations[141] - The company has established various committees under the board of directors to ensure efficient operations and scientific decision-making[186] - The company has not faced any penalties from securities regulatory agencies in the past three years[179] - The company maintains a strict governance structure in compliance with relevant laws and regulations, ensuring transparency and accountability[186] Environmental and Social Responsibility - The company has implemented various environmental protection measures, including monthly wastewater sampling and quarterly air quality assessments[143] - The company reported a total COD discharge of 57.89 tons and ammonia nitrogen discharge of 1.58 tons, adhering to pollution discharge standards[143] - The company donated 1 million RMB during the COVID-19 pandemic for epidemic prevention efforts in Jiaxing Economic and Technological Development Zone[140] - The company plans to donate over 1 million RMB for poverty alleviation over a 10-year period, with an annual donation of 50,000 RMB established through a charity fund[137] - In 2019, the company donated 50,000 RMB to the Zhejiang Jiaxing Charity Federation for poverty alleviation[138] Employee and Management Information - The total number of employees in the parent company is 1,556, while the total number of employees in major subsidiaries is 1,140, resulting in a combined total of 2,696 employees[180] - The total remuneration paid to outsourced labor amounted to ¥25,554,219.94[183] - The company has implemented a training program for new and existing employees to enhance practical skills and overall competitiveness[182] - The remuneration levels for directors and supervisors are determined by the shareholders' meeting, while the remuneration for senior management is set by the board of directors[177] - The company has not granted any stock incentives to current or departing directors and senior management during the reporting period[175]

2019 年第三季度报告 公司代码：601002 公司简称：晋亿实业 晋亿实业股份有限公司 2019 年第三季度报告 1 / 24 | 目录 | | --- | 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 4,431,167,947.23 4,743,226,251.87 -6.58 归属于上市公司股东的净 资产 2,704,302,205.19 2,573,009,458.75 5.10 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减(%) 经营活动产生的现金流量 净额 307,224,420.83 -8,056,370.02 不适用 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 （%） 营业收入 2,355,809,271.42 2,448,461,196.05 -3.78 归属于上市公司股东的净 利润 126,408,123.63 119,533,852.36 5.75 归属于上市公司股东的扣 除非经常性损益的净利润 118, ...

Financial Performance - The company's operating revenue for the first half of 2019 was approximately RMB 1.65 billion, representing a year-on-year increase of 5.98% compared to RMB 1.55 billion in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached approximately RMB 81.67 million, a significant increase of 35.97% from RMB 60.07 million in the previous year[19]. - Basic earnings per share for the first half of 2019 were RMB 0.103, up 35.53% from RMB 0.076 in the same period last year[20]. - The company achieved operating revenue of ¥1,645,668,466.86, representing a year-on-year increase of 5.98% compared to ¥1,552,843,194.58[38]. - The company reported a significant increase in accounts receivable, rising by 113.61% to ¥112,613,404.73 from ¥52,719,115.45[41]. - The company reported a total profit of CNY 106,163,161.77 for the first half of 2019, compared to CNY 83,359,795.79 in the same period of 2018, an increase of 27.4%[136]. - The total profit amounted to CNY 108,508,026.73, up from CNY 62,464,440.37, reflecting a growth of approximately 73.8% year-over-year[140]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB 182.99 million, a recovery from a negative cash flow of RMB 20.86 million in the same period last year[19]. - The cash and cash equivalents decreased by 23.16% to ¥171,283,020.34 from ¥222,902,064.59[41]. - Cash flow from operating activities generated a net amount of CNY 182,991,367.89, a turnaround from a negative cash flow of CNY -20,860,276.00 in the first half of 2018[143]. - The company received CNY 733,360,000.00 from the recovery of investments, down from CNY 842,370,000.00 in the previous year[143]. - The company paid CNY 60,000,000.00 for debt repayment, reflecting a strategic focus on managing liabilities[144]. Assets and Liabilities - The company's total assets decreased by 2.61% to approximately RMB 4.62 billion from RMB 4.74 billion at the end of the previous year[19]. - The total liabilities decreased to CNY 1,633,160,559.85 from CNY 1,878,281,884.42, indicating a reduction of approximately 13.0%[135]. - The total equity increased to CNY 2,681,014,247.20 from CNY 2,596,335,974.71, reflecting a growth of about 3.3%[135]. - The total amount of capital reserves at the end of the reporting period was CNY 1,100,503,173.98[153]. Operational Focus and Strategy - The company focuses on the production and sales of fasteners, tungsten steel molds, hardware products, and automated storage equipment, with applications in various industries including automotive and construction[24]. - The company aims to enhance product brand building and quality control while accelerating product upgrades to improve competitiveness in high-precision and high-value-added fasteners[24]. - The company is actively expanding its high-end fastener business, particularly in the automotive sector, enhancing manufacturing and R&D capabilities[35]. - The company is leveraging modern information technology and e-commerce to enhance market share and improve logistics services[35]. Research and Development - The company's R&D expenses increased by 105.18% to ¥45,110,520.12 compared to ¥21,985,985.29 in the previous period[39]. - Research and development expenses increased significantly to CNY 45,110,520.12, up 105.5% from CNY 21,985,985.29 in the first half of 2018[135]. Environmental Commitment - The company is committed to green manufacturing practices, focusing on energy-saving and environmentally friendly technologies[30]. - The company has installed wastewater online monitoring facilities at its discharge outlets, ensuring 24-hour monitoring of pollutants such as COD and ammonia nitrogen, with samples taken every 2 hours[99]. - The company has established emergency response plans for environmental incidents, with plans developed and approved by relevant authorities in 2016[103]. Risks and Challenges - The company has disclosed potential risks in its future development strategies, urging investors to be aware of investment risks[5]. - The company is facing risks related to macroeconomic fluctuations and market volatility, which directly impact its performance in the fastener industry, heavily reliant on sectors like automotive and construction[57]. - Trade barriers, particularly due to rising protectionism, pose a risk to the company's export operations, necessitating diversification of markets to mitigate reliance on any single market[58]. Related Party Transactions - The company has engaged in related party transactions totaling approximately RMB 8 million with Taizhan Mould, including procurement of materials and labor services[71]. - The company has conducted related party transactions worth approximately RMB 3.7 million with Hongyi Machinery for equipment procurement and labor services[72]. - The company has engaged in related party transactions totaling approximately RMB 50.4 million with Zhejiang Jinchun Precision for material procurement and labor services[73]. Governance and Compliance - The company is expanding its board of directors and supervisory board, with several new members elected to enhance governance[64]. - The company has engaged Tianjian Accounting Firm for the 2019 financial audit, with the appointment effective until the next shareholders' meeting[69]. - The company has not reported any changes in the number of shares held by major shareholders during the reporting period[116].

2019 年第一季度报告 公司代码：601002 公司简称：晋亿实业 晋亿实业股份有限公司 2019 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 9 | 2019 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人蔡永龙、主管会计工作负责人薛玲及会计机构负责人（会计主管人员）费贵龙保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 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 | 4,576,230,385.20 | 4,743,226,251.87 | | -3.52 ...

Financial Performance - The net profit attributable to shareholders for 2018 was ¥177,795,113.72, representing a 20.46% increase from ¥147,592,628.55 in 2017[6]. - The operating revenue for 2018 reached ¥3,471,277,743.91, which is a 17.00% increase compared to ¥2,966,888,613.95 in 2017[21]. - The net profit after deducting non-recurring gains and losses was ¥180,943,434.67, which is a 43.39% increase from ¥126,190,662.41 in 2017[21]. - The basic earnings per share for 2018 was ¥0.220, up 15.79% from ¥0.190 in 2017[23]. - The total profit amounted to ¥250,358,210.61, with net profit attributable to shareholders reaching ¥177,795,113.72[47]. - The company achieved operating revenue of ¥3,471,277,743.91, a year-on-year increase of 17.00%[47]. - The company reported a net profit of ¥147,592,628.55 for 2017, with a distributable profit of ¥131,206,100.55 for shareholders after a 10% legal reserve allocation[94]. Cash Flow and Assets - The net cash flow from operating activities was ¥341,316,485.68, showing a significant increase of 178.05% from ¥122,752,388.45 in 2017[22]. - The total assets at the end of 2018 were ¥4,743,226,251.87, a 6.64% increase from ¥4,447,704,232.84 at the end of 2017[22]. - The net assets attributable to shareholders at the end of 2018 were ¥2,573,009,458.75, a 4.21% increase from ¥2,469,060,025.09 at the end of 2017[22]. - Cash and cash equivalents increased by 151.23% to ¥222,902,064.59 from ¥88,723,888.93 at the end of the previous period[61]. - Inventory increased by 19.26% to ¥1,916,211,210.87, compared to ¥1,606,747,566.12 in the previous period[61]. Operational Efficiency - The company has established a comprehensive procurement, production, and sales system to optimize resource allocation and improve operational efficiency[33]. - The company met 98.64% of its annual sales target of ¥3,518,970,000 for the year[47]. - The production volume of fasteners was 357,476 tons, with a sales volume of 339,942 tons, indicating an 8.90% increase in sales volume year-on-year[54]. - Operating costs increased by 16.09% to ¥2,745,999,571.06, primarily due to rising raw material prices and increased sales volume[49]. Research and Development - The company developed 65 new products in 2018, with a total of 3,810 new product codes added[38]. - R&D expenses increased by 6.92% to ¥78,911,228.62, with investments in 27 projects including high insulation elastic pads and automated storage systems[50]. - The number of R&D personnel is 225, making up 6.47% of the total workforce[59]. Market and Industry Trends - The company aims to enhance its product quality and upgrade its offerings to high-precision and high-strength fasteners, thereby improving its competitive edge in the market[32]. - The fastener industry in China faces challenges such as overcapacity in low-end products and a significant gap in technology compared to international standards, particularly in high-end fasteners[35]. - In 2018, China's export volume of standard fasteners reached 3.29 million tons, a year-over-year increase of 12.9%, with export value amounting to $6.586 billion, up 27.7%[35]. Corporate Governance and Compliance - The company has not reported any significant issues regarding the occupation of funds or overdue receivables during the reporting period[98]. - The company has maintained compliance with commitments made by major shareholders to avoid conflicts of interest and ensure fair transactions[96]. - The company has not been subject to penalties from securities regulatory agencies in the past three years[178]. Shareholder and Investment Activities - The company plans to issue A-shares not exceeding 1.0926922 billion yuan to fund high-end fastener manufacturing and R&D projects, as well as smart factory system construction[45]. - The company plans to issue up to 158,538,000 A-shares, raising an estimated total of RMB 997.36 million, with specific investments from related parties[109]. - The company’s controlling shareholder has strictly fulfilled commitments regarding competition and has not violated any agreements during the reporting period[191]. Social Responsibility and Environmental Compliance - The company is committed to environmental protection, implementing measures to enhance waste management and reduce emissions in response to stricter regulations[92]. - The company provided over 3,400 jobs and paid taxes totaling RMB 133 million during the reporting period, reflecting its commitment to social responsibility[140]. - Jin Yi Industrial Co., Ltd. operates 3 wastewater treatment facilities and 25 sets of air pollution control equipment, achieving compliance with emissions standards[145]. Future Outlook and Strategic Goals - The company aims to enhance its competitive edge by increasing R&D investment and developing high-value-added fasteners for aerospace and high-end applications[87]. - The company plans to achieve a sales target of 3.63 billion yuan (excluding tax) for the year 2019[87]. - The company aims to maintain a strong investment in railway infrastructure, with a target of 6,800 km of new railway lines to be put into operation in 2019[36].