Financial Performance - Net profit attributable to shareholders for the first nine months of 2016 was CNY 230.19 million, representing a growth of 17.07% year-on-year[8]. - Operating revenue for the first nine months of 2016 was CNY 7.33 billion, a decrease of 9.67% compared to the same period last year[8]. - Basic earnings per share for the first nine months of 2016 were CNY 0.253, up 18.00% from CNY 0.2144 in the same period last year[8]. - The company reported a net loss from the disposal of non-current assets amounting to CNY 9.25 million for the third quarter of 2016[9]. - Total operating revenue for Q3 2016 was CNY 2,322,381,411.20, a decrease of 12.5% compared to CNY 2,654,523,512.53 in Q3 2015[35]. - Net profit for the first nine months of 2016 was CNY 7,481,161,424.23, down from CNY 8,362,715,027.04 in the same period last year, representing a decline of 10.5%[35]. - Net profit for Q3 2016 was CNY 44,861,279.32, down 51.0% from CNY 91,541,465.06 in Q3 2015[41]. - Total profit for Q3 2016 was CNY 44,673,344.58, a decline of 54.4% compared to CNY 97,602,881.52 in Q3 2015[41]. - Operating profit for Q3 2016 was CNY 47,997,264.92, a decrease of 50.0% from CNY 95,898,665.29 in Q3 2015[41]. Cash Flow - Cash flow from operating activities for the first nine months of 2016 was CNY 1.26 billion, an increase of 180.16% year-on-year[8]. - The net cash flow from operating activities surged by 180.16%, increasing from RMB 45,111 million to RMB 126,383 million, primarily due to the sale of repurchased financial assets[19]. - Net cash flow from operating activities for the first nine months was ¥1,263,832,404.47, a significant increase from ¥451,109,119.19 in the previous year[44]. - Net cash flow from operating activities decreased to CNY 1,119,743,856.61 from CNY 1,178,933,385.79, a decline of about 5% year-over-year[47]. - Cash inflow from financing activities was CNY 1,567,030,000.00, slightly lower than CNY 1,640,116,900.00 in the previous year, a decrease of about 4.45%[48]. - The net cash flow from financing activities showed a significant decline to -CNY 753,064,205.67 from -CNY 27,325,615.97, reflecting increased financial pressure[48]. Assets and Liabilities - Total assets as of September 30, 2016, reached CNY 13.45 billion, an increase of 1.33% compared to the end of the previous year[8]. - The company reported a total current liabilities of CNY 6,162,538,423.33, slightly up from CNY 6,128,540,029.73, indicating a marginal increase of about 0.6%[27]. - Total liabilities increased to CNY 7,894,112,948.21 from CNY 7,873,865,012.64, indicating a slight rise of 0.3%[30]. - The non-current assets totaled CNY 5,954,267,024.12, down from CNY 6,816,265,926.05, representing a decrease of approximately 12.7%[27]. - The company’s cash and cash equivalents reached CNY 2,396,316,855.50, up from CNY 1,897,794,077.61 at the start of the year, indicating a growth of approximately 26.4%[26]. - The company's cash and cash equivalents rose to CNY 2,981,857,521.00, up from CNY 2,641,377,805.70, marking an increase of 12.9%[30]. - The cash and cash equivalents at the end of the period rose to CNY 2,551,224,362.12 from CNY 1,951,816,717.74, an increase of about 30.7% year-over-year[48]. Shareholder Information - The total number of shareholders as of the report date was 28,827, with 28,450 being A-share holders[12]. - The largest shareholder, China Yituo Group Co., Ltd., held 443.91 million shares, accounting for 44.57% of the total shares[12]. Operational Metrics - The company reported a significant increase in prepayments by 65.26%, rising from RMB 6,093 million to RMB 10,069 million, attributed to increased procurement[15]. - Interest income decreased by 39.09% from RMB 24,746 million to RMB 15,074 million, reflecting adjustments in business operations[17]. - The company experienced a 49.67% decrease in buyback financial assets, dropping from RMB 89,954 million to RMB 45,276 million[15]. - The company’s financial expenses decreased by 60.09%, from RMB 13,168 million to RMB 5,255 million, due to reduced exchange losses[17]. - The company’s retained earnings increased to CNY 1,594,547,233.30 from CNY 1,367,616,267.12, an increase of 16.6%[31]. Investment Activities - The company’s investment activities generated a cash flow net of RMB -60,123 million, an improvement from RMB -77,644 million in the previous year[19]. - Cash inflow from investment activities totaled CNY 793,461,208.64, significantly higher than CNY 388,336,183.20 in the previous year, marking an increase of approximately 104%[47]. - The company received CNY 643,820,788.24 from investment recoveries, a substantial increase compared to CNY 122,000,000.00 in the previous year, representing a growth of approximately 428%[47]. Other Information - The company has committed to not engaging in competitive business activities that may conflict with its operations, ensuring a focus on core competencies[23]. - The financial agreements with the financial company include a commitment to ensure that loans to subsidiaries do not exceed their deposit levels, enhancing financial stability[23]. - The company has not indicated any significant changes in net profit forecasts for the upcoming reporting period, maintaining a stable outlook[24].

2016 年半年度报告 公司代码：601038 公司简称：一拖股份 第一拖拉机股份有限公司 2016 年半年度报告 重要提示 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 董事 | 李鹤鹏 | 因公务无法出席 | 赵剡水 | | 董事 | 谢东钢 | 因公务无法出席 | 王二龙 | | 独立董事 | 吴德龙 | 因公务无法出席 | 于增彪 | 三、 本半年度报告未经审计。 四、 本公司负责人赵剡水、主管会计工作负责人姚卫东及会计机构负责人（会计主管人员）周鹃 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 本报告涉及的本公司发展战略、经营计划等前瞻性陈述不构成本公司对投资者的实质承诺，敬请 投资者注意风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 1 / 176 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确 ...

2016 年第一季度报告 公司代码：601038 公司简称：一拖股份 第一拖拉机股份有限公司 2016 年第一季度报告 1 / 20 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 释义 | 3 | | 三、 | 公司主要财务数据和股东变化 | 3 | | 四、 | 重要事项 | 6 | | 五、 | 附录 10 | | 2016 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、 释义 | 在本第一季度报告中，除非文义另有所指，下列词语具有如下含义： | | --- | | A股 | 指 | 经中国证监会批准向境内投资者及合资格境外投资者发行、在 | | --- | --- | --- | | | | 境内证券交易所上市、以人民币标明股票面值、以人民币认购 | | | | 和进行交易的普通股 | | 本公司 | 指 | 第一拖拉机股份有限公司 | | 控股子公司 | 指 | 本公司持有其 50%以上股份/股权的公司及通过协议安排实际 | | | | 控制的公司 | | 中国证监会 | 指 | 中国证券监督管理委员会 | | 本集团 | 指 | ...

Financial Performance - Total operating revenue for 2015 was CNY 9,655,491,061.08, an increase of 6.96% compared to CNY 9,026,978,821.14 in 2014[19] - Net profit attributable to shareholders decreased by 19.31% to CNY 135,322,811.53 from CNY 167,698,247.35 in the previous year[19] - Operating cash flow net amount increased significantly by 751.91% to CNY 637,795,720.18 from CNY 74,866,397.52 in 2014[19] - Total assets at the end of 2015 were CNY 13,272,449,559.98, reflecting a 7.42% increase from CNY 12,355,694,645.67 in 2014[19] - Basic earnings per share decreased by 19.30% to CNY 0.1359 from CNY 0.1684 in 2014[20] - The weighted average return on equity decreased to 2.92% from 3.68% in the previous year, a decline of 0.76 percentage points[20] - The company achieved total operating revenue of RMB 9.655 billion in 2015, a year-on-year increase of 6.96%[32] - Net profit attributable to shareholders of the listed company was RMB 135.32 million, a decrease of 19.31% compared to the previous year[32] - The comprehensive gross profit margin improved by 1.61 percentage points to 18.09%[50] - The company reported a net profit margin of 12%, which is an improvement from 10% in the previous year[186] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.41 per 10 shares based on a total share capital of 995,900,000 shares as of December 31, 2015[2] - In 2015, the company distributed dividends amounting to RMB 51.33 million, which is 30.17% of the net profit attributable to shareholders[114] - The company reported a cash dividend of RMB 50.79 million for the 2014 fiscal year, representing 30.29% of the net profit attributable to shareholders[113] Corporate Governance and Compliance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[4] - The company emphasizes the importance of accurate and complete financial reporting, with management taking legal responsibility for the report's content[4] - The company has received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm for the fiscal year 2015[4] - The company has not reported any non-standard audit opinions from the accounting firm during the reporting period[118] - The company has not encountered any significant prior errors that would require correction in the financial statements[118] - The company has not disclosed any significant asset or project profit forecasts during the reporting period[118] - The company has appointed Xinyong Zhonghe Accounting Firm for auditing services, with a remuneration of RMB 1.42 million for audit services[119] Risk Management and Challenges - The company has detailed potential adverse factors and risks in its annual report, emphasizing the importance of risk awareness for investors[4] - The company is facing market risks due to reduced agricultural machinery subsidies and rising costs affecting user purchasing power[109] - The agricultural machinery industry is experiencing overcapacity in low-end products, while demand for high-end products is increasing, highlighting the need for technological innovation[104] - The company has locked in foreign exchange risks related to its foreign currency borrowings through forward foreign exchange contracts[102] Operational Highlights - The company operates in the agricultural machinery sector, focusing on various types of tractors and related equipment[8] - The company completed fixed asset investments of RMB 424 million, primarily for technology renovation projects[44] - The company is focusing on management innovation and risk control, enhancing its internal control system to mitigate operational risks[54] - The company is actively transitioning to National III standard diesel engines, enhancing product competitiveness in regional markets[53] Market and Product Development - The company plans to focus on product structure adjustment and enhance its international business capabilities in 2016[38] - The company aims to leverage the "Internet Plus" strategy to improve e-commerce and explore new technologies like IoT[38] - The company is focusing on product upgrades and marketing strategy adjustments to adapt to market changes and achieve operational goals[50] - The company is considering strategic acquisitions to enhance its product portfolio and market presence[186] Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 11,877, with 7,207 in the parent company and 4,670 in subsidiaries[194] - The company conducted a total of 1,372 training sessions during the reporting period, training 33,501 employees[196] - The professional composition of employees includes 7,397 production personnel, 935 sales personnel, 1,571 technical personnel, 1,754 management personnel, and 220 service personnel[194] - The educational background of employees shows 264 with postgraduate degrees, 2,080 with bachelor's degrees, 2,151 with associate degrees, and 7,382 with education below associate level[194] Related Party Transactions - The company has ongoing related party transactions including procurement and sales agreements, with the upper limits set for 2016-2018[125] - The company’s independent non-executive directors confirmed that related party transactions were conducted under normal commercial terms and in the best interest of shareholders[131] - The auditor confirmed that related party transactions were approved by the board and adhered to the company's pricing policy[132] Strategic Initiatives - The company is dedicated to maintaining high standards in corporate governance and strategic oversight[184] - The company is exploring opportunities for mergers and acquisitions to strengthen its market position[184] - The company aims to leverage its expertise in enterprise management to drive growth and innovation[184] - The company is investing in new technology development, allocating 100 million RMB towards R&D initiatives[186]

2015 年第三季度报告 公司代码：601038 公司简称：一拖股份 第一拖拉机股份有限公司 2015 年第三季度报告 1 / 28 2.1. 在本第三季度报告中，除非文义另有所指，下列词语具有如下含义： 4 / 28 2015 年第三季度报告 一、 重要提示 3 / 28 1.1. 本公司董事会、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. 本公司全体董事出席董事会审议季度报告。 1.3. 本公司负责人赵剡水、主管会计工作负责人姚卫东及会计机构负责人（会计主管人员）周 鹃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。 2015 年第三季度报告 二、 释义 | A 股 | 指 | 经中国证监会批准向境内投资者及合资格境外投资者发 | | --- | --- | --- | | | | 行、在境内证券交易所上市、以人民币标明股票面值、 | | | | 以人民币认购和进行交易的普通股 | | 本公司 | 指 | 第一拖拉机股份有限公司 | | 控股子公司 | 指 | 本公司持 ...

2015 年半年度报告 公司代码：601038 公司简称：一拖股份 第一拖拉机股份有限公司 2015 年半年度报告 重要提示 无 六、 前瞻性陈述的风险声明 本报告涉及的本公司发展战略、经营计划等前瞻性陈述不构成本公司对投资者的实质承诺，敬请 投资者注意风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 1 / 172 一、 本公司董事会、监事会及董事、监事、高级管理人员保证中期报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席了审议中期报告的董事会会议。 三、 本公司截至 2015 年 6 月 30 日止六个月的中期财务报告未经审计。 四、 公司负责人赵剡水、主管会计工作负责人姚卫东及会计机构负责人（会计主管人员）周鹃声 明：保证中期报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 | 第二节 | 公司简介 4 | | --- | --- | | 第三节 | 会计数据和财务指标摘要 5 | | 第四节 | 董事会报告 6 ...

Financial Performance - Operating revenue for the first quarter of 2015 was CNY 2,987,316,063.13, a decrease of 3.15% compared to CNY 3,084,465,996.11 in the same period of 2014[9] - Net profit attributable to shareholders for the first quarter of 2015 was CNY 90,710,627.94, down 8.43% from CNY 99,066,916.54 in the first quarter of 2014[9] - The net profit after deducting non-recurring gains and losses was CNY 74,684,541.00, a decrease of 17.93% compared to CNY 91,003,961.04 in the same period last year[9] - Basic and diluted earnings per share for the first quarter of 2015 were both CNY 0.0911, down 8.44% from CNY 0.0995 in the same period of 2014[9] - Total revenue for Q1 2015 was CNY 3,067,134,061.92, a decrease of 1.3% compared to CNY 3,103,725,179.50 in the same period last year[30] - Operating income decreased to CNY 2,987,316,063.13 from CNY 3,084,465,996.11, reflecting a decline of 3.2% year-over-year[31] - Net profit attributable to shareholders was CNY 90,710,627.94, down 8.5% from CNY 99,066,916.54 in the previous year[31] - The company reported a gross profit margin of approximately 19.0% for Q1 2015, compared to 19.5% in Q1 2014[31] Assets and Liabilities - Total assets as of March 31, 2015, amounted to CNY 13,059,194,182.44, representing a 5.69% increase from CNY 12,355,694,645.67 at the end of 2014[9] - The company's current assets totaled ¥6,789,715,747.35, up from ¥6,197,145,429.82 at the start of the year, indicating a growth of approximately 9.5%[21] - The total liabilities of the company were reported at ¥7,653,551,677.32, compared to ¥7,034,867,745.49 at the beginning of the year, marking an increase of about 8.8%[23] - Total liabilities rose to CNY 5,732,717,269.30, up from CNY 5,076,956,466.57, indicating an increase of 12.9%[27] Cash Flow - The net cash flow from operating activities for the first quarter of 2015 was negative CNY 399,957,110.23, compared to negative CNY 377,157,131.69 in the same period of 2014[9] - The company reported a net cash outflow from operating activities of ¥399,957,110.23, compared to an outflow of ¥377,157,131.69 in the previous period[38] - The net cash flow from financing activities was -$56,287,029.06 for Q1 2015, compared to -$134,498,412.04 in the previous year[42] - The net increase in cash and cash equivalents was -$240,631,612.74, down from -$390,485,793.69 year-over-year[42] Shareholder Information - The total number of shareholders at the end of the reporting period and the shareholding status of the top ten shareholders were documented but not detailed in the report[11] - Total number of shareholders reached 31,258, with 30,865 being A shares and 393 H shares[12] - The top shareholder, China Yituo Group Co., Ltd., holds 443,910,000 shares, representing 44.57% of total shares[12] Investments and Other Financial Metrics - Interest income surged by 320.53% to 7,972,000 RMB, attributed to increased sales of discounted notes[15] - Long-term equity investments rose by 121.61% to 14,593,000 RMB, reflecting additional contributions to joint ventures[14] - The company reported a significant increase in inventory, with a total of ¥1,455,378,606.61, slightly up from ¥1,447,426,253.97[21] - The company’s financial assets measured at fair value increased by 36.26% to 48,286,000 RMB[14] Commitments and Corporate Governance - The company confirmed that the financial report was unaudited, ensuring the accuracy and completeness of the information provided[8] - The company has committed to not engaging in direct competition with its controlling shareholder, China Yituo[16] - The company has pledged not to engage in direct or indirect competition with its controlling entities to avoid unfair impacts on its business operations[21] - The company has committed to transferring 50 patent applications related to its products to the parent company upon completion, enhancing its asset integrity[21]

2014 年年度报告 公司代码：601038 公司简称：一拖股份 第一拖拉机股份有限公司 2014 年年度报告 重要提示 四、 公司负责人赵剡水、主管会计工作负责人姚卫东及会计机构负责人（会计主管人员）周鹃声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 本公司2014年度利润分配预案为：以2014年12月31日本公司总股本995,900,000股为基数，向 全体股东按每10股派发现金红利人民币0.51元（含税）进行分配，本公司本年度不进行资本公积 金转增股本。 六、 前瞻性陈述的风险声明 本报告涉及的本公司发展战略、经营计划等前瞻性陈述不构成本公司对投资者的实质承诺， 敬请投资者注意风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 1 / 224 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 信永中和会计师事务所（特殊普通 ...

2014 年第三季度报告 第一拖拉机股份有限公司 2014 年第三季度报告 1 / 24 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 10 | 2014 年第三季度报告 一、 重要提示 二、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 24 单位：万元 币种：人民币 本报告期末 上年度末 本报告期末比上 调整后 调整前 年度末增减(%) 总资产 1,275,273.68 1,171,021.64 1,166,834.20 8.90 归属于上市公司股 东的净资产 453,395.62 450,311.32 447,389.59 0.68 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 调整后 调整前 (%) 经营活动产生的现 金流量净额 -44,482.78 -30,380.25 -40,964.96 46.42 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 ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 5,436,300,755.86, a decrease of 17.64% compared to the same period last year[18]. - The net profit attributable to shareholders was CNY 112,427,795.03, down 39.63% year-on-year[18]. - The basic earnings per share decreased by 39.63% to CNY 0.1129 compared to CNY 0.1870 in the previous year[19]. - The company's operating revenue decreased by 17.64% to CNY 5,436,300,755.86 compared to the same period last year[36]. - Total revenue for the first half of 2014 was CNY 5,473,576,132.43, a decrease of 17.4% compared to CNY 6,634,407,140.41 in the same period of 2013[122]. - Net profit for the first half of 2014 was CNY 111,177,446.00, down 45.3% from CNY 203,363,703.86 in the previous year[122]. - The gross profit margin for the first half of 2014 was approximately 1.5%, down from 3.3% in the same period of 2013[122]. Assets and Liabilities - The total assets increased by 4.93% to CNY 12,287,517,330.86 from CNY 11,710,216,392.53 at the end of the previous year[18]. - The company's total liabilities reached CNY 7,023,959,503.09, up from CNY 6,452,698,379.95, indicating an increase of about 8.8%[108]. - The cash and cash equivalents decreased to CNY 1,449,224,717.36 from CNY 1,883,479,523.60, reflecting a decline of approximately 23.0%[104]. - Accounts receivable rose significantly to CNY 1,915,149,707.54 from CNY 1,067,488,278.19, marking an increase of about 79.5%[104]. - Inventory decreased to CNY 1,558,730,663.52 from CNY 1,766,268,480.42, showing a reduction of approximately 11.8%[104]. - Short-term borrowings increased to CNY 729,346,585.02 from CNY 292,437,410.89, which is an increase of about 149.5%[108]. Cash Flow - The net cash flow from operating activities was negative at CNY -365,339,320.44, indicating a decline in cash generation[18]. - The company's cash flow from operating activities was a net outflow of CNY 36.53 million, which was a decrease in outflow by CNY 42.56 million year-on-year[26]. - The cash inflow from operating activities for the first half of 2014 was CNY 3,953,443,405.30, a decrease of 15.7% compared to CNY 4,689,486,550.05 in the same period last year[133]. - The net cash flow from operating activities increased to CNY 522,811,069.82, up from CNY 107,109,399.12, representing a significant improvement[134]. - Cash flow from investing activities resulted in a net outflow of CNY -476,563,640.77, an improvement from CNY -668,435,619.16 in the same period last year[134]. - Cash inflow from financing activities was CNY 1,526,000,000.00, a substantial increase from CNY 488,390,000.00 in the previous year[134]. Investments and Projects - The company plans to accelerate product upgrades and enhance core capabilities in response to industry changes[35]. - The company reported a 60.5% increase in asset impairment losses, attributed to the delay in agricultural machinery subsidy settlements[24]. - The new high-power agricultural diesel engine project has a planned investment of CNY 26 million, with 100% project progress reported[51]. - The Xinjiang agricultural equipment construction project has a planned investment of CNY 11 million, with 51.83% project progress reported[51]. - The company has invested CNY 11.53 million in the fundraising projects during the reporting period, with a cumulative investment of CNY 57.44 million[51]. Shareholder and Governance - The company distributed a cash dividend of RMB 0.06 per share, totaling RMB 59,754 million[57]. - The company held 1 shareholders' meeting and 5 board meetings during the reporting period, ensuring compliance with regulatory requirements[82]. - The independent non-executive directors constitute the majority of the board audit committee, ensuring compliance with listing rules[86]. - The company has maintained compliance with commitments regarding the management of shares and financial agreements since its initial public offering[77]. - The company appointed Tianzhi International Accounting Firm as its auditor for the 2014 fiscal year, with a focus on internal control audits[79]. Related Party Transactions - The company engaged in related party transactions with China Yituo, with a total expected transaction amount of RMB 145,000 million for procurement[63]. - The company engaged in related party transactions, with a rental of properties from its controlling shareholder amounting to 21 million RMB, against a maximum expected amount of 300 million RMB[67]. - The company has provided guarantees totaling 4,688 million RMB for its business dealers, with no overdue obligations reported[74]. Compliance and Regulatory Matters - There have been no penalties or public reprimands from the China Securities Regulatory Commission against the company or its major stakeholders during the reporting period[81]. - The company has not engaged in any external investment-related transactions during the reporting period[71]. - The company has no significant litigation or bankruptcy matters during the reporting period[59]. Financial Reporting and Accounting - The financial statements are prepared in accordance with the accounting standards and fairly reflect the financial position as of June 30, 2014[153]. - The company recognizes impairment losses for financial assets based on objective evidence of impairment as of the balance sheet date[169]. - The company applies a percentage-based approach for bad debt provision based on the aging of accounts receivable, with provisions ranging from 1-15% for accounts within 1 year to 100% for accounts over 2 years[175].