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]

Financial Performance - Net profit attributable to shareholders increased by 5.75% to CNY 126,408,123.63 year-to-date[6] - Operating revenue decreased by 3.78% to CNY 2,355,809,271.42 compared to the same period last year[10] - The company reported no significant changes in net profit or major losses compared to the previous year[23] - Total operating revenue for Q3 2019 was ¥710,140,804.56, a decrease of 20.7% compared to ¥895,618,001.47 in Q3 2018[33] - Net profit for Q3 2019 was ¥42,275,390.16, a decline of 33.9% from ¥63,971,265.12 in Q3 2018[34] - The net profit attributable to the parent company was ¥44,736,992.25, down from ¥59,467,978.32 in the same quarter last year, representing a decline of about 25%[36] - The total comprehensive income attributable to the parent company was ¥44,736,992.25, reflecting a decrease from ¥59,467,978.32 in the previous year[36] Cash Flow - Net cash flow from operating activities was CNY 307,224,420.83, a significant improvement from a negative cash flow of CNY -8,056,370.02 in the previous year[10] - Cash flow from operating activities for the first nine months of 2019 was CNY 307,224,420.83, a significant improvement from a negative cash flow of CNY 8,056,370.02 in the same period of 2018[45] - The company's total operating cash inflow for Q3 2019 was CNY 2,661,331,526.22, compared to CNY 2,839,653,302.02 in Q3 2018, a decline of 6.3%[45] - The total cash outflow from financing activities in Q3 2019 was CNY 223,529,309.26, compared to CNY 88,081,193.31 in Q3 2018, indicating a significant increase in cash outflow[46] - Cash inflow from financing activities decreased to CNY 10,000,000.00 in 2019 from CNY 177,000,000.00 in 2018, reflecting a decline of about 94.4%[49] Assets and Liabilities - Total assets decreased by 6.58% to CNY 4,431,167,947.23 compared to the end of the previous year[6] - The company's current assets totaled RMB 2,970,877,733.49, down from RMB 3,270,113,260.70 at the end of 2018, indicating a decline of approximately 9.1%[25] - Total liabilities decreased to RMB 1,482,305,254.76 from RMB 1,922,141,496.66, indicating a decline of approximately 22.9%[27] - Total assets decreased to ¥4,069,996,309.05 in Q3 2019 from ¥4,474,617,859.13 in Q3 2018, a reduction of 9.1%[32] - Total liabilities decreased to ¥1,340,828,740.71 in Q3 2019 from ¥1,878,281,884.42 in Q3 2018, a decline of 28.6%[32] Shareholder Information - The number of shareholders reached 74,210, with the largest shareholder holding 41.35% of the shares[8] - The company's equity attributable to shareholders increased to RMB 2,704,302,205.19 from RMB 2,573,009,458.75, showing an increase of about 5.1%[27] Research and Development - Research and development expenses increased by 89.07% to CNY 81,702,143.79, primarily due to increased technical service fees[10][11] - Research and development expenses increased to ¥36,591,623.67 in Q3 2019, up 72.3% from ¥21,227,397.63 in Q3 2018[33] - Research and development expenses increased significantly to ¥32,962,042.89, up from ¥16,467,212.79 in Q3 2018, marking a growth of approximately 99.9%[39] Inventory and Receivables - Inventory decreased by 19.17% to ¥1,548,840,976.79, attributed to reduced raw material purchases and increased sales[12] - Accounts receivable decreased to RMB 690,549,783.69 from RMB 727,910,569.18, reflecting a decline of approximately 5.1%[25] Investment Activities - Investment activities generated a net cash outflow of CNY -44,802,461.24, a decrease from a positive cash flow in the previous year[10] - The company reported total cash inflow from investment activities of CNY 1,219,911,852.15 for the first nine months of 2019, compared to CNY 1,040,850,531.20 in 2018, marking an increase of 17.2%[45] Future Plans - The company plans to focus on market expansion and new product development in the upcoming quarters[34]

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].

Financial Performance - Operating revenue for the first nine months reached CNY 2,448,461,196.05, a 15.97% increase year-on-year[7] - Net profit attributable to shareholders decreased by 11.08% to CNY 119,533,852.36 compared to the same period last year[7] - Basic and diluted earnings per share were CNY 0.151, down 11.18% from the previous year[8] - The company's net profit for the first nine months of 2018 was ¥172,571,556.48, down 22.1% from ¥221,438,235.40 in the same period last year[36] - The total comprehensive income for the period was CNY 57,097,716.88, compared to CNY 56,565,479.69 in the previous year[41] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -8,056,370.02 compared to CNY -83,087,069.86 in the same period last year[7] - Cash inflow from operating activities was CNY 2,839,653,302.02, an increase from CNY 2,388,694,632.38 year-over-year[43] - Net cash flow from operating activities was negative at CNY -8,056,370.02, an improvement from CNY -83,087,069.86 in the previous year[43] - Cash inflow from investment activities totaled CNY 1,040,850,531.20, up from CNY 903,355,968.49 year-over-year[44] - The net cash flow from investment activities was CNY 8,159,684.68, a significant recovery from CNY -69,355,719.38 in the previous year[44] Assets and Liabilities - Total assets increased by 11.18% to CNY 4,944,935,137.54 compared to the end of the previous year[7] - The company’s total assets reached RMB 4,944,935,137.54, up from RMB 4,447,704,232.84, marking an increase of approximately 11.2%[27] - Total liabilities reached ¥2,232,552,937.94, an increase of 35.5% from ¥1,647,794,374.13 at the start of the year[32] - The company reported a significant increase in long-term payables, which rose to ¥750,000,000.00 from ¥620,000,000.00, marking a growth of 21%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 83,720[10] - The largest shareholder, CHIN CHAMP ENTERPRISE CO., LTD., held 41.35% of the shares[10] Operating Costs and Expenses - Operating costs increased by 23.15% to ¥1.97 billion from ¥1.60 billion, mainly due to rising raw material prices and increased sales volume[13] - The company reported a 32.40% increase in selling expenses, totaling approximately ¥106.31 million, primarily due to higher warehousing and transportation costs[13] - Total operating costs for Q3 2018 were ¥810,502,846.96, representing an increase of 6.2% from ¥763,291,707.77 in Q3 2017[36] - The company's total operating cost was ¥653,627,414.02 for Q3 2018, which is an increase of 9.9% from ¥594,367,788.54 in Q3 2017[39] Research and Development - The company invested approximately ¥43.21 million in R&D during the period, focusing on 27 projects including high insulation elastic pads and automated storage systems[14] - Research and development expenses for Q3 2018 were ¥2,426,274.21, a decrease of 74.7% from ¥9,593,039.74 in Q3 2017[40] Contracts and Sales - The total sales from contracts signed with Qinghai-Tibet Railway Company amounted to RMB 37,620,000, with sales recognized at RMB 15,259,500 as of the reporting period[17] - The company signed a contract with Qianzhangchang Railway for high-speed fastening parts totaling RMB 92,443,067, with sales recognized at RMB 83,462,481.40[18] - The total amount of contracts signed for the construction of the new Datong-Zhangjiakou high-speed railway was RMB 78,743,079, with sales recognized at RMB 46,517,071.80[17] Inventory and Accounts Receivable - The company's inventory increased by 19.02% to approximately ¥1.91 billion, driven by rising raw material prices and higher inventory levels[13] - Accounts receivable increased to RMB 864,995,931.81 from RMB 730,314,230.16, indicating a growth of approximately 18.4%[26] - Accounts receivable rose to ¥874,427,813.25, up 37% from ¥638,898,243.70 at the start of the year[30] Future Plans - The company plans to establish a joint venture with a registered capital of RMB 5,000,000, holding a 35% stake in the new company[20] - The company is preparing to submit materials for a non-public stock issuance to the China Securities Regulatory Commission[21] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[39]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥1,552,843,194.58, representing a 19.94% increase compared to ¥1,294,632,165.99 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 26.78% to ¥60,065,874.04 from ¥82,038,818.01 in the previous year[21]. - Basic earnings per share decreased by 26.21% to ¥0.076 from ¥0.103 in the same period last year[22]. - The weighted average return on net assets decreased by 1.07 percentage points to 2.40% from 3.47% in the previous year[22]. - The company reported a significant decrease in tax payable by 82.06%, from ¥57,257,978.90 to ¥10,269,704.17[37]. - The company reported a net profit for the first half of 2018 of ¥64,089,446.28, a decrease of 32.41% from ¥94,678,386.46 in the previous year[120]. - The company reported a comprehensive income of ¥64,089,446.28 for the period, indicating positive performance despite challenges[133]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥20,860,276.00, an improvement from -¥153,271,748.82 in the previous year[21]. - The company's cash and cash equivalents increased by 45.93% to ¥129,474,809.16, compared to ¥88,723,888.93 in the previous period[37]. - The total cash inflow from operating activities was ¥1,812,763,890.20, compared to ¥1,484,905,304.47 in the previous period, marking a growth of 22.0%[127]. - The net increase in cash and cash equivalents was ¥30,676,875.34, a recovery from a decrease of ¥159,353,435.63 in the prior period[130]. - Cash inflow from investment activities totaled ¥674,161,276.36, compared to ¥365,334,520.14 in the previous period, marking an increase of 84.5%[130]. Assets and Liabilities - The total assets increased by 3.71% to ¥4,612,550,891.85 compared to ¥4,447,704,232.84 at the end of the previous year[21]. - The company's total liabilities were CNY 1,922,527,280.17, compared to CNY 1,740,182,054.64 at the start of the period, showing an increase of approximately 10.5%[114]. - Long-term payables rose to ¥750,000,000.00 from ¥620,000,000.00, an increase of 20.97%[117]. - The company's total equity attributable to shareholders was CNY 2,452,537,886.33, a slight decrease from CNY 2,469,060,025.09[114]. Investment and R&D - The company invested approximately ¥22 million in research and development, a decrease of 27.17% compared to the previous year, with 27 projects including high insulation elastic pads and automated storage systems[35]. - The company plans to continue focusing on investment in fixed assets and technology development to drive future growth[130]. Market and Industry Position - The company maintains a strong position in the high-speed rail fastening market, benefiting from a relatively low level of competition due to high technical requirements and entry barriers[29]. - The company is focusing on high-end fasteners, particularly for the automotive industry, to leverage the expected growth in this sector[33]. - The railway investment policy is expected to drive growth, with the China Railway Corporation planning to invest ¥732 billion in fixed assets in 2018, including 4,000 kilometers of new lines[29]. Related Party Transactions - The company reported a related party transaction with TaiZhan Mould amounting to approximately RMB 7 million (including tax), which includes RMB 5 million for the purchase of mould steel and RMB 2 million for heat treatment services[66]. - The company engaged in a related party transaction with Hongyi Machinery for a total of RMB 2.5 million (including tax), involving the purchase of equipment and services[68]. - A related party transaction with JinChun Precision amounted to approximately RMB 50.8 million (including tax), which included the purchase of materials and services[69]. Risk Management - The report includes a risk statement regarding forward-looking statements, advising investors to be aware of investment risks[6]. - The company faces risks from fluctuations in raw material prices, particularly steel and pig iron, which could negatively impact cost control and operating performance if not effectively managed[54]. - The company is actively exploring diversified markets to mitigate trade risks associated with international anti-dumping measures and tariffs, particularly from the US on fasteners[55]. Environmental and Social Responsibility - The company has implemented environmental protection measures to meet national and local standards, but increasing investment in pollution control systems may raise operational costs[57]. - The company plans to donate over 1 million yuan for poverty alleviation over a 10-year period starting from 2017, with an annual donation of 50,000 yuan[88]. - The company operates 3 wastewater treatment facilities and 25 sets of air pollution control facilities, all running 24 hours a day, ensuring compliance with discharge standards[92]. Corporate Governance - The company has committed to fair and transparent practices in transactions with related parties to avoid conflicts of interest and protect shareholder rights[62]. - The company continues to engage Tianjian Accounting Firm for financial audits, ensuring compliance and transparency in financial reporting[63]. - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing[63].

Financial Performance - Total revenue for Q1 2018 reached RMB 724,485,030.71, an increase of 36.94% compared to RMB 529,058,917.91 in the same period last year[13]. - Net profit attributable to shareholders was RMB 20,964,983.61, a decrease of 6.14% from RMB 22,335,701.39 year-on-year[7]. - The company reported a significant increase in other income, amounting to RMB 3,599,909.45, compared to RMB 0.00 in the previous year[13]. - Operating costs rose by 52.28% to RMB 593,699,026.09, up from RMB 389,881,066.35 year-on-year[13]. - Financial expenses surged by 154.79% to RMB 16,234,554.72, compared to RMB 6,371,759.13 in the same period last year[13]. - Total operating revenue for Q1 2018 was CNY 724,485,030.71, an increase of 37% compared to CNY 529,058,917.91 in the same period last year[29]. - Net profit for Q1 2018 was CNY 23,333,022.89, a decrease of 25% from CNY 31,290,818.55 in Q1 2017[30]. - The gross profit margin for Q1 2018 was approximately 3.5%, down from 6.1% in the same quarter last year[30]. - Earnings per share (EPS) for Q1 2018 was CNY 0.026, compared to CNY 0.028 in Q1 2017, showing a decline of 7%[31]. - The total comprehensive income for Q1 2018 was 10,161,910.26 CNY, compared to 25,441,946.00 CNY in the previous year, indicating a decline of about 60%[34]. Cash Flow and Investments - The net cash flow from operating activities was RMB -44,608,848.64, improving from RMB -116,599,152.75 in the previous year[7]. - The company’s investment activities generated a net cash flow of RMB 64,660,841.97, an increase of 66.40% from RMB 38,858,497.10 year-on-year[13]. - Operating cash inflow for Q1 2018 was 814,521,138.21 CNY, compared to 676,954,222.57 CNY in the previous year, reflecting an increase of approximately 20.3%[36]. - The company reported cash inflow from investment activities of 390,006,843.19 CNY, compared to 268,935,635.03 CNY in the previous year, representing a growth of approximately 45%[37]. - The cash flow from financing activities was 68,438,481.27 CNY, a significant recovery from -20,641,778.96 CNY in the previous year[38]. - The company reported a total cash inflow from investment activities of $309,366,748.66, compared to $189,181,406.47 in the previous period, reflecting a growth of approximately 63.5%[42]. Assets and Liabilities - The company's total assets increased by 6.31% to RMB 4,728,353,860.07 from RMB 4,447,704,232.84 at the end of the previous year[7]. - Cash and cash equivalents increased by 91.31% to ¥169,740,918.47 from ¥88,723,888.93 year-over-year[16]. - Accounts receivable rose by 9.05% to ¥723,281,708.96 compared to ¥663,272,394.05 in the previous year[16]. - Inventory increased by 14.43% to ¥1,838,596,893.18 from ¥1,606,747,566.12 year-over-year[16]. - Total liabilities increased to ¥1,996,412,065.92 from ¥1,740,182,054.64 year-over-year[24]. - Total equity increased to ¥2,731,941,794.15 from ¥2,707,522,178.20 year-over-year[24]. - Total assets increased to CNY 4,515,958,329.78, compared to CNY 4,195,806,269.39 in the previous year, marking a growth of 8%[28]. - Total liabilities rose to CNY 1,957,279,956.87, up from CNY 1,647,794,374.13, indicating a 19% increase year-over-year[28]. - Long-term payables increased to CNY 690,000,000.00 from CNY 620,000,000.00, reflecting an increase of 11% year-over-year[28]. Shareholder Information - The number of shareholders at the end of the reporting period was 86,911[11].

Financial Performance - The company's operating revenue for 2017 was CNY 2,966,888,613.95, representing a year-on-year increase of 29.88% compared to CNY 2,284,401,358.00 in 2016[21] - The net profit attributable to shareholders of the listed company reached CNY 147,592,628.55, a significant increase of 107.32% from CNY 71,190,454.59 in the previous year[21] - Basic earnings per share increased by 111.11% to CNY 0.19 from CNY 0.09 in 2016[23] - Diluted earnings per share also rose by 111.11% to CNY 0.19 from CNY 0.09 in 2016[23] - The company reported a net cash flow from operating activities of CNY 196,970,558.31 in Q4 2017, a recovery from previous quarters[25] - Total revenue for the year reached CNY 2,602,203,273.85, an increase of 21.35% compared to the previous year[55] - The gross margin for fasteners was reported at 21.11%, with a slight increase of 1.28 percentage points year-on-year[54] - Revenue from fasteners reached ¥1,951,705,823.43, up 17.35% compared to the previous year[46] Assets and Liabilities - The total assets of the company at the end of 2017 were CNY 4,447,704,232.84, an increase of 4.82% from CNY 4,243,024,554.39 at the end of 2016[22] - The net assets attributable to shareholders of the listed company were CNY 2,469,060,025.09 at the end of 2017, reflecting a growth of 6.46% from CNY 2,319,221,198.18 in 2016[22] - Cash and cash equivalents decreased by 62.26% to CNY 88,723,888.93 compared to the previous period[64] - The company had accounts receivable of CNY 663,272,394.05, which increased by 21.21% year-on-year[64] Dividends and Profit Distribution - The company proposed a cash dividend of CNY 1 per 10 shares, totaling CNY 79,269,000.00, to be distributed to shareholders[6] - The company plans to use the remaining undistributed profits of CNY 414,435,295.02 to temporarily supplement working capital and for future distribution[6] - The company plans to implement a cash dividend policy, distributing CNY 79,269,000 in 2017, which is 53.71% of the net profit attributable to shareholders[101] Research and Development - The company invested RMB 73.81 million in research and development in 2017[40] - The company launched 21 new products and developed a total of 115 new products during 2017[39] - R&D expenditure increased by 55.50% to ¥73,807,127.55, focusing on new technologies and product innovations[48] Market and Industry Outlook - The fastener industry in China is expected to maintain stable growth, supported by favorable macroeconomic conditions and policies[34] - The company continues to focus on high-quality, high-value products in sectors such as railways, nuclear power, and new energy vehicles[31] - The company aims to expand its overseas market presence while consolidating its domestic market position[39] - The company anticipates a decrease in steel price increase to below 10% in 2018 due to diminishing marginal effects of capacity reduction[95] Risks and Challenges - The company has outlined potential risks in its future development strategies, which investors should be aware of[8] - The company faces risks from trade barriers, with 75 trade remedy investigations initiated against China in 2017, involving an amount of USD 11 billion[96] - The company is committed to enhancing environmental protection measures in response to stricter regulations, which may increase operational costs[97] Corporate Governance - The company received a standard unqualified audit report from Tianjian Accounting Firm[5] - The internal control audit report was issued by Tianjian Accounting Firm, confirming the effectiveness of internal controls with a standard unqualified opinion[190] - The company has maintained a high level of transparency in information disclosure, adhering to relevant laws and regulations[179] Social Responsibility - The company plans to donate over RMB 1 million for poverty alleviation over the next ten years, with an annual donation of RMB 50,000 established through a charity fund[136] - The company received the "Love Award" from the Jiaxing County Government for its charitable contributions in 2018[140] - The company provided over 3,800 job opportunities and paid taxes totaling 158 million RMB during the reporting period[141] Related Party Transactions - The company has ongoing related transactions with Taiwan Exhibition Mould, involving a total of approximately RMB 6.6 million (including tax)[112] - The company has incurred related transaction amounts of RMB 3.14 million for purchasing parts and RMB 4.34 million for service provision from Jiaxing Litong[115] - The total amount of related party transactions is approximately 4.56% of the company's latest audited net assets[121] Employee and Management Information - The total number of employees in the parent company is 2,239, while the total number of employees in major subsidiaries is 1,621, resulting in a combined total of 3,860 employees[171] - The company emphasizes employee training and has established a three-tier training system for different levels of staff[173] - The total remuneration for directors and supervisors amounted to 893.66 thousand yuan[162] Audit and Compliance - The audit report emphasizes the importance of identifying and assessing risks of material misstatement due to fraud or error[196] - The company must assess its ability to continue as a going concern, disclosing relevant matters if applicable[196] - The company has not identified any significant deficiencies in internal controls during the reporting period[185]

2017 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 2017 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 | 5 | | 四、 | 附录 | 10 | 2017 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 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年 度末增减(%) | | --- | --- | --- | --- | | 总资产 | 4,379,134,062.78 | 4,243 ...