Financial Performance - Operating income for the period reached approximately CNY 1.01 billion, an increase of 8.11% compared to the same period last year[6]. - Net profit attributable to shareholders of the listed company was approximately CNY 35.07 million, a significant recovery from a loss of CNY 86.93 million in the previous year[6]. - The weighted average return on net assets was 1.38%, compared to -3.53% in the previous year[6]. - Basic and diluted earnings per share were both CNY 0.0354, a recovery from a loss of CNY 0.0907 per share in the previous year[6]. - Net profit for Q3 2019 was ¥8,078,378.59, compared to a net loss of ¥15,053,828.92 in Q3 2018, indicating a significant turnaround[22]. - The net profit for Q3 2019 was CNY 23.95 million, compared to a net loss of CNY 4.42 million in Q3 2018, indicating a significant turnaround[29]. - The operating profit for Q3 2019 was CNY 26.77 million, a recovery from a loss of CNY 6.95 million in Q3 2018[27]. - The company achieved a profit margin of approximately 5.6% in Q3 2019, compared to a negative margin in Q3 2018[29]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 4.44 billion, a decrease of 0.12% compared to the end of the previous year[6]. - Total liabilities reached CNY 1,965,428,150.45, up from CNY 1,929,402,503.61, marking an increase of about 1.9%[15]. - Current liabilities totaled CNY 1,498,556,227.23, compared to CNY 1,463,930,520.31 in the same period last year, reflecting an increase of approximately 2.5%[15]. - The company's total non-current assets amounted to CNY 2,047,255,826.81, compared to CNY 1,959,622,127.95, showing an increase of approximately 4.5%[14]. - The total owner's equity decreased to CNY 2,478,479,353.12 from CNY 2,519,822,479.15, reflecting a decline of about 1.6%[15]. - The company's cash and cash equivalents were CNY 538,009,695.89, down from CNY 584,758,111, indicating a decrease of approximately 8%[17]. - The total cash inflow from investment activities was CNY 71,874,183.70, significantly lower than CNY 467,129,815.18 in the previous year, indicating a decline of 84.6%[33]. - The total cash outflow from investment activities was CNY 213,225,045.28, a decrease of 69.3% compared to CNY 693,497,593.56 in the previous year[33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 52,439[9]. - The largest shareholder, Bao Shijin, held 36.49% of the shares, totaling approximately 361.88 million shares[9]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately CNY 61.15 million, an increase of 28.26% year-on-year[6]. - In the first three quarters of 2019, the cash inflow from operating activities was CNY 1,009,316,463.75, a decrease of 9.8% compared to CNY 1,119,239,846.92 in the same period of 2018[32]. - The net cash flow from operating activities increased to CNY 61,146,633.49 in 2019 from CNY 47,674,473.80 in 2018, representing a growth of 28.8%[32]. - The cash inflow from financing activities totaled CNY 608,935,484.73, down 18.8% from CNY 750,096,875.51 in the same period last year[33]. - The net cash flow from financing activities was -CNY 29,993,692.90 in 2019, compared to a positive net flow of CNY 49,208,070.95 in 2018[33]. Research and Development - Research and development expenses increased to ¥12,195,351.89 in Q3 2019 from ¥10,377,871.08 in Q3 2018, reflecting a growth of 17.5%[21]. - The company's R&D expenses increased to CNY 12.20 million in Q3 2019, up from CNY 10.38 million in Q3 2018, reflecting a focus on innovation[27].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥550,859,719.47, representing a 9.06% increase compared to ¥505,083,072.15 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥25,883,535.62, a significant recovery from a loss of ¥73,224,709.47 in the previous year[19]. - The net cash flow from operating activities increased to ¥205,686,177.32, compared to a negative cash flow of ¥38,240,852.50 in the same period last year[19]. - The basic earnings per share rose to ¥0.0265, a substantial improvement from a loss of ¥0.0738 per share in the previous year[20]. - The weighted average return on net assets was 1.02%, recovering from -2.91% in the same period last year[20]. - The company achieved operating revenue of CNY 550.86 million in the first half of 2019, with a main business income of CNY 545.00 million, representing an increase of 9.06% year-on-year[41]. - The net profit attributable to the parent company was CNY 25.88 million, up 135.35% compared to the same period last year[41]. - The company reported a significant decrease in financial expenses, which were $20.20 million compared to a negative $1.25 million in the previous year, primarily due to foreign exchange losses[43]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,583,197,566.57, reflecting a 3.01% increase from ¥4,449,224,982.76 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company decreased slightly by 0.98% to ¥2,458,998,804.87 from ¥2,483,215,855.50 at the end of the previous year[19]. - The company's total current assets as of June 30, 2019, amounted to 2,516,440,016.60 RMB, an increase from 2,489,602,854.81 RMB at the end of 2018[84]. - The total liabilities at the end of the reporting period amount to CNY 2,469.24 million, which is a decrease from CNY 2,552.39 million in the previous year, representing a reduction of about 3.26%[107]. Cash Flow - The company reported a net cash flow from operating activities of CNY 71,045,207.19, a recovery from a negative CNY 106,988,539.06 in the first half of 2018[103]. - Cash outflow from investment activities totaled CNY 210,084,219.51, down from CNY 474,459,530.26 in the previous year, resulting in a net cash flow of -166,609,630.58 from investment activities[100]. - Cash inflow from financing activities was CNY 494,804,444.73, compared to CNY 651,870,127.51 in the first half of 2018, reflecting a decrease of 24.1%[100]. Research and Development - The company invested CNY 22.92 million in R&D during the reporting period, enhancing its core competitiveness[37]. - Research and development expenses increased by 12.85% to $22.92 million from $20.31 million year-over-year[43]. - The company aims to continue its market expansion and enhance product development strategies moving forward[92]. Operational Efficiency - The company has strengthened its management of accounts receivable, which contributed to the significant increase in cash flow from operating activities[20]. - The company has implemented effective accounts receivable management, leading to improved cash flow from operations[44]. - The company plans to focus on cost management and operational efficiency to navigate the current financial challenges[108]. Market Position and Strategy - The company has established long-term cooperative relationships with major wind turbine manufacturers, including GE and Vestas[37]. - Approximately 50% of the company's sales are overseas, exposing it to exchange rate risks, which the company aims to mitigate through various strategies[53]. - The company has received multiple awards for being a top supplier, including recognition as a "Jiangsu Famous Brand" and an "Internationally Known Brand" under Jiangsu Province's key cultivation program[28]. Corporate Governance - The company appointed Zhongxinghua Accounting Firm as the auditor for the 2019 financial report, with a one-year term[60]. - The company reported no significant litigation or arbitration matters during the reporting period[60]. - The company has maintained good integrity status, with no outstanding court judgments or significant debts due[60]. Financial Reporting and Compliance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements accurately reflect its financial position and operating results[117]. - The company has confirmed its ability to continue as a going concern for the next 12 months without any significant issues affecting its operations[116]. - The company has implemented retrospective adjustments for financial reporting in accordance with new financial instrument standards[191].

Financial Performance - In 2018, the company's operating revenue was CNY 1,268,669,773.61, a decrease of 5.95% compared to CNY 1,348,925,012.49 in 2017[21] - The net profit attributable to shareholders was a loss of CNY 59,258,763.48, a decline of 1,075.61% compared to a profit of CNY 6,074,031.89 in 2017[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 115,206,915.82, compared to a profit of CNY 3,104,278.57 in 2017, reflecting a decrease of 3,811.23%[21] - Basic earnings per share decreased by 1,080.33% year-on-year, resulting in a loss of CNY 0.0598 per share in 2018[22] - The weighted average return on equity dropped by 2.59 percentage points to -2.35% in 2018[22] - The company's net profit attributable to shareholders was negative across all four quarters, with the largest loss of CNY 55.42 million in Q1[25] - The total revenue for the year was CNY 1.27 billion, with quarterly revenues showing fluctuations due to operational challenges[25] - The company achieved operating revenue of CNY 1.27 billion, a decrease of 5.95% year-on-year[45] - The net profit attributable to the parent company was a loss of CNY 59.26 million, a decline of 1076.28% year-on-year[45] - The total comprehensive income for the year was a loss of CNY 66,278,170.93, compared to a profit of CNY 2,005,655.44 in the previous year[171] Cash Flow and Assets - The net cash flow from operating activities was CNY 82,282,973.06, an increase of 22.97% from CNY 66,911,219.85 in 2017[21] - The company's total assets amounted to CNY 4,449,224,982.76, an increase of 8.01% from CNY 4,119,242,379.72 at the end of 2017[21] - The net cash flow from operating activities for the current period is ¥82,282,973.06, an increase of 22.97% compared to ¥66,911,219.85 in the same period last year[64] - The net cash flow from investing activities is -¥520,742,132.10, showing a slight improvement of 1.54% from -¥528,901,102.70 year-on-year[64] - The net cash flow from financing activities decreased by 26.3%, amounting to ¥228,770,632.78 compared to ¥310,387,267.85 in the previous year[64] - The company's current assets totaled RMB 2,489,602,854.81, down from RMB 2,759,168,424.69, indicating a decrease of about 9.8%[164] - The accounts receivable decreased to RMB 955,336,146.20 from RMB 1,091,329,205.07, representing a decline of approximately 12.5%[164] - The cash and cash equivalents at the end of the period were RMB 610,992,518.24, down from RMB 669,949,977.37, indicating a decrease of approximately 8.8%[164] Research and Development - R&D expenses were CNY 43.49 million, representing a 1.44% increase compared to the previous year[47] - The company applied for 12 patents, with 2 invention patents and 5 utility model patents granted during the reporting period[43] - The company completed the development and verification of 50 new products, achieving a first-pass verification rate of 95.7%[42] - Research and development expenses totaled ¥43,492,352.66, accounting for 3.43% of total revenue, with 132 R&D personnel, making up 16.71% of the total workforce[63] Market and Industry Context - In 2018, the global wind power market added over 51.29GW of installed capacity, with China leading at 21.2GW, accounting for 41.33% of the global total[38] - The company specializes in the research, manufacturing, and sales of large wind turbine components, producing products ranging from 750KW to 12MW, including hubs, bases, shafts, and bearing seats[36] - The company operates on a "customized production based on orders" model, ensuring timely supply and efficient management of working capital[36] - The company has established long-term cooperative relationships with major wind turbine manufacturers through direct sales and framework supply agreements[37] - The offshore wind power industry in China is anticipated to enter a golden era during the 13th Five-Year Plan, with a focus on deep-sea and far-sea developments[74] Governance and Shareholder Information - The company has no controlling shareholder or actual controller changes during the reporting period[122] - The total remuneration for the chairman, Bao Shijin, was CNY 361,884,588, with no change in shareholding during the reporting period[127] - The company has a total of 790 employees, with 557 in the parent company and 233 in major subsidiaries[135] - The board of directors consists of 6 members, including 3 independent directors, and has established specialized committees for strategic, compensation, nomination, and audit functions[141] - The company has maintained a clear separation between itself and its controlling shareholder in terms of business, personnel, assets, and finances[140] Risks and Challenges - The company faces potential risks as outlined in the report, which investors should be aware of[7] - The company faced challenges due to rising raw material costs and policy impacts on the wind power industry since 2016[26] - The company faces risks from fluctuations in the wind power industry, policy changes, and raw material price volatility, which could impact profitability[79] Future Outlook and Strategy - The company aims to increase the proportion of non-fossil energy in total energy consumption to 20% by 2030, with wind energy playing a crucial role in this transition[72] - The company plans to enhance its registered capital to reduce the debt ratio of its subsidiary, Changzhou Jixin Wind Energy Technology Co., Ltd., which currently has a debt ratio of 97%[71] - The company is focusing on the development of renewable energy, particularly wind energy, as part of its strategy to align with national energy policies[72] - In 2019, the company plans to enhance market expansion and customer service while focusing on cash flow recovery[76] - The company will implement comprehensive budget management in 2019 to control costs and ensure operational goals are met[77]

Financial Performance - In 2018, the company's operating revenue was CNY 1,268,669,773.61, a decrease of 5.95% compared to CNY 1,348,925,012.49 in 2017[20]. - The net profit attributable to shareholders was a loss of CNY 59,258,763.48, a significant decline from a profit of CNY 6,074,031.89 in 2017, representing a decrease of 1,075.61%[20]. - The basic earnings per share for 2018 was -CNY 0.0598, down 1,080.33% from CNY 0.0061 in 2017[21]. - The company achieved operating revenue of 1.269 billion RMB, a decrease of 5.95% year-on-year, while operating costs rose to 1.226 billion RMB, an increase of 6.32%[37]. - The company reported a net loss of CNY 66,278,170.93 for 2018, compared to a net profit of CNY 2,005,655.44 in the previous year[151]. - The total comprehensive income for the year was a loss of CNY 67,363,962.69, compared to a profit of CNY 4,730,416.47 in the previous year[156]. - The company reported a total comprehensive loss of 59,258,763.48 RMB for the year, highlighting challenges in profitability[164]. Assets and Liabilities - The total assets at the end of 2018 were CNY 4,449,224,982.76, an increase of 8.01% from CNY 4,119,242,379.72 at the end of 2017[20]. - Total liabilities increased to CNY 1,929,402,503.61 from CNY 1,523,224,129.64, marking an increase of approximately 26.7%[146]. - The total equity attributable to shareholders decreased to CNY 2,483,215,855.50 from CNY 2,552,392,218.98, a decline of approximately 2.7%[146]. - The company's total liabilities to equity ratio increased, indicating a higher leverage position compared to the previous year[146]. Cash Flow - The net cash flow from operating activities was CNY 82,282,973.06, an increase of 22.97% compared to CNY 66,911,219.85 in 2017[20]. - The cash flow from financing activities decreased by 26.3% to 228,770,632.78 CNY compared to the previous year[51]. - The net cash flow from financing activities was -135,077,152.87 RMB, a decline from 89,617,267.85 RMB in the previous year, indicating increased financial pressure[162]. Research and Development - The company invested ¥43.49 million in R&D during the reporting period, enhancing its technological capabilities and competitiveness[32]. - The company completed the development and verification of 90 new products, with a first-time pass rate of 95.7% for 46 products validated this year[34]. - Research and development expenses amounted to 43,492,352.66 CNY, representing 3.43% of total revenue, with 132 R&D personnel making up 16.71% of the total workforce[49]. Market Position and Strategy - The company has established long-term cooperative relationships with major wind turbine manufacturers, including GE and Goldwind, enhancing its market position[32]. - The company plans to enhance its market competitiveness by transitioning to "grid parity" for wind power, eliminating reliance on subsidies[59]. - The company aims to increase the share of non-fossil energy in primary energy consumption to 15% by 2020 and 20% by 2030, aligning with national energy reform goals[58]. Governance and Compliance - The company has implemented a robust governance structure to protect shareholder rights, ensuring compliance with relevant laws and regulations[88]. - The company has not faced any penalties from securities regulatory authorities in the past three years[113]. - The company has confirmed that there are no related party transactions that could lead to conflicts of interest[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 55,046, an increase from 53,654 at the end of the previous month[96]. - The largest shareholder, Bao Shijin, holds 361,884,588 shares, representing 36.49% of the total shares[97]. - The company has not provided any specific future performance guidance or market expansion strategies[107]. Social Responsibility - The company actively participates in social welfare activities, demonstrating a commitment to corporate social responsibility[89]. - The company donated nearly 300,000 RMB to educational reward funds and public welfare organizations during the reporting period[89]. Financial Reporting and Accounting - The company’s financial statements are prepared based on the assumption of going concern, confirming its ability to continue operations for the next 12 months[180]. - The company’s accounting policies comply with the requirements of the enterprise accounting standards, ensuring accurate financial reporting[182]. - The company has undergone a change in accounting policy effective January 1, 2019, due to the Ministry of Finance's new regulations, which does not materially affect total assets, net assets, or operating results[74].

Financial Performance - Operating revenue rose by 62.65% to CNY 306,676,323.58 year-on-year[6] - Net profit attributable to shareholders was CNY 7,123,172.94, a significant recovery from a loss of CNY 55,424,091.68 in the same period last year[6] - The weighted average return on equity improved by 2.49 percentage points to 0.29%[6] - Sales revenue from goods and services received increased by 66.01% to CNY 203,526,316.50[11] - Total operating revenue for Q1 2019 was ¥306,676,323.58, a 62.7% increase from ¥188,554,701.76 in Q1 2018[25] - Net profit for Q1 2019 reached ¥7,164,081.20, compared to a net loss of ¥55,648,809.63 in Q1 2018[26] - Operating profit for Q1 2019 was ¥9,793,503.02, a significant recovery from an operating loss of ¥64,536,709.59 in Q1 2018[25] - Basic and diluted earnings per share for Q1 2019 were both ¥0.0072, compared to a loss of ¥0.0559 per share in Q1 2018[26] - Total comprehensive income for Q1 2019 was ¥7,164,081.20, compared to a total comprehensive loss of ¥55,648,809.63 in Q1 2018[26] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net outflow of CNY 5,194,415.17 compared to a much larger outflow of CNY 93,119,318.43 in the previous year[6] - In Q1 2019, the company reported cash inflows from operating activities of CNY 248,317,123.15, an increase of 53.5% compared to CNY 161,748,918.38 in Q1 2018[30] - The net cash flow from operating activities was -CNY 5,194,415.17, improving from -CNY 93,119,318.43 in the same period last year[30] - The total cash outflow from operating activities was CNY 253,511,538.32, slightly lower than CNY 254,868,236.81 in the previous year[30] - The company reported a cash outflow from investment activities of CNY 92,672,284.20, a decrease from CNY 153,459,532.48 in Q1 2018[32] - Cash inflows from financing activities totaled CNY 250,996,204.73, up from CNY 219,571,258.10 in Q1 2018, indicating a 14.5% increase[32] - The net cash flow from financing activities was -CNY 7,161,249.05, contrasting with a positive net cash flow of CNY 63,184,716.42 in the same quarter last year[32] Assets and Liabilities - Total assets increased by 8.40% to CNY 4,822,887,413.39 compared to the end of the previous year[6] - Total liabilities increased to CNY 2,305,900,798.74 from CNY 1,929,402,503.61, representing a growth of approximately 19.5% year-over-year[19] - Current assets totaled CNY 2,669,230,514.84, up from CNY 2,558,615,149.53, indicating an increase of about 4.3%[21] - The company's total equity amounted to CNY 2,516,986,614.65, slightly down from CNY 2,519,822,479.15, reflecting a decrease of approximately 0.1%[19] - Short-term borrowings increased to ¥690,401,000.00 from ¥581,179,200.00, indicating a rise in financing activities[18] - Accounts receivable increased to ¥1,081,963,338.57 from ¥955,336,146.20, indicating a significant rise in sales[17] - Inventory rose to ¥484,516,810.49, up from ¥445,811,434.34, reflecting increased stock levels[17] Investments and Expenses - The company reported a 464.76% increase in asset disposal gains, amounting to CNY 781,499.91[11] - Research and development expenses for Q1 2019 were ¥10,475,631.70, slightly down from ¥10,878,330.17 in Q1 2018[25] - Financial expenses in Q1 2019 increased to ¥20,427,196.18 from ¥11,409,013.89 in Q1 2018, with interest expenses rising to ¥9,245,502.55[25] - The company reported an investment income of ¥25,023.90 in Q1 2019, recovering from a loss of ¥56,403.67 in Q1 2018[25] Shareholder Information - The number of shareholders reached 53,654, with the largest shareholder holding 36.49% of the shares[10] - The company's retained earnings rose to CNY 778,377,498.10 from CNY 771,254,325.17, reflecting an increase of about 0.8%[19] - The total equity attributable to shareholders decreased slightly to CNY 2,480,339,082.74 from CNY 2,483,215,855.50, a decline of about 0.1%[19]

2018 年第三季度报告 公司代码：601218 公司简称：吉鑫科技 江苏吉鑫风能科技股份有限公司 2018 年第三季度报告 1 / 20 | 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 | 7 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | | 上年度末 | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | --- | | | | | | 末增减(%) | | | 总资产 | 4,340,960,522.63 | | 4,119,242,379.72 | 5.38 | | | 归属于上市公司股东的净资产 | 2,455,542,119.90 | | 2,552,392,218.98 | -3.79 | | | | 年初至报告期末 | | 上年初至上年报告期 | 比上年同期增减(%) | | | | （1-9 月） | | 末（1-9 月） | | | ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥505,083,072.15, a decrease of 24.82% compared to ¥671,847,013.82 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2018 was a loss of ¥73,224,709.47, representing a decline of 322.70% from a profit of ¥32,880,008.56 in the previous year[19] - The net cash flow from operating activities for the first half of 2018 was -¥38,240,852.50, down 137.71% from ¥101,395,477.49 in the same period last year[19] - The basic earnings per share for the first half of 2018 was -¥0.0738, a decrease of 322.29% compared to ¥0.0332 in the previous year[20] - The first quarter of 2018 saw a net profit loss of ¥55,424,091.68, while the second quarter's loss was reduced to ¥17,800,617.79, indicating a positive trend[20] - The company reported a significant decrease in cash flow due to reduced customer prepayments and declining sales revenue, with a total cash inflow decrease of ¥161 million[21] - The company reported a net cash flow from operating activities of -CNY 38.24 million, a decrease of 137.71% compared to the previous year, primarily due to increased tax payments and other operating-related cash outflows[41] - The company’s total comprehensive income for the first half of 2018 was a loss of CNY 66,932,183.10, compared to a profit of CNY 40,617,365.92 in the same period last year[87] - The comprehensive income for the current period shows a total of -74,941,454.63, indicating a significant loss compared to the previous period[97] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,298,657,674.78, an increase of 4.36% from ¥4,119,242,379.72 at the end of the previous year[19] - The net assets attributable to shareholders at the end of the reporting period were ¥2,469,249,909.51, a decrease of 3.26% from ¥2,552,392,218.98 at the end of the previous year[19] - The company's total assets as of June 30, 2018, were ¥3,827,372,830.50, slightly down from ¥3,856,080,490.61 at the beginning of the year[80] - Current assets totaled ¥2,611,562,413.22, a decrease of 2.2% from ¥2,670,099,925.35 at the start of the year[80] - The total liabilities of the company were ¥1,355,574,796.34, up from ¥1,307,432,673.35, indicating a rise of approximately 3.7%[80] - Total liabilities increased from CNY 1,523,224,129.64 to CNY 1,787,498,479.33, representing a growth of about 17.4%[77] - The company's equity attributable to shareholders decreased from CNY 2,552,392,218.98 to CNY 2,469,249,909.51, a decline of approximately 3.25%[77] Investments and Projects - The company has obtained investment approvals for wind farm projects totaling 150MW (60MW, 40MW, and 50MW) and plans to continue advancing these projects in the current year[27] - The company is actively expanding into wind farm projects, having obtained investment approval for projects totaling 150 MW (60MW, 40MW, and 50MW) and plans to continue construction in the current year[38] - The company has established a comprehensive production line capable of handling all processes from design to surface treatment, ensuring high-quality management and production efficiency[27] - The company specializes in the R&D, manufacturing, and sales of castings for large wind turbine generators, with key products including hubs, bases, shafts, and bearing seats ranging from 750KW to 10MW[25] Risks and Challenges - The company faced risks including fluctuations in the wind power industry, changes in industrial policies, variations in customer demand, and price volatility of key raw materials[6] - The company anticipates a decline in sales revenue compared to the previous year due to high raw material prices[48] - The company faces risks from fluctuations in the wind power industry, policy changes, and potential decreases in customer demand[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,654[62] - The largest shareholder, Bao Shijin, held 361,884,588 shares, accounting for 36.49% of the total shares[63] - The second-largest shareholder, Cao Lihua, increased her holdings by 8,140,845 shares, bringing her total to 8,140,845 shares, which is 0.82% of the total[63] - The company has not experienced any changes in its share capital structure during the reporting period[61] Research and Development - The company received 7 invention patents and 5 utility model patents during the reporting period, and completed the development and verification of 40 new products, with a first-time pass rate of 94.7% for 18 products[39] - The company plans to increase R&D investment and enhance product technology to strengthen its market position[49] - The company’s R&D expenditure was CNY 20.31 million, down 23.44% from the previous year, reflecting a focus on cost control amid declining revenues[41] Accounting and Compliance - The company has not made any changes to its accounting policies or estimates compared to the previous accounting period[59] - The company and its subsidiaries are not classified as key pollutant discharging units and have complied with environmental regulations[58] - There were no significant related party transactions reported during the period[56] - The company has not engaged in any non-operating fund occupation by controlling shareholders or provided guarantees in violation of regulations[6] Inventory and Receivables - The total inventory balance is 515,885,068 RMB, with a total provision for depreciation of 32,578,290 RMB, leading to a net value of 483,306,777 RMB[200] - The total accounts receivable at the end of the period amounted to ¥848,989,112.99, with a bad debt provision of ¥71,803,630.22, resulting in a provision ratio of 8.46%[187] - The company reported a significant increase in inventory levels compared to the previous period, indicating potential growth in production or sales[200] - The accounts receivable aging analysis shows that 1 year or less accounts for 89.23% of total accounts receivable, indicating a relatively short collection period[187]

Financial Performance - The company's operating revenue for 2017 was CNY 1,348,925,012.49, a decrease of 13.36% compared to CNY 1,556,931,693.63 in 2016[20] - The net profit attributable to shareholders for 2017 was CNY 6,074,031.89, representing a significant decline of 94.83% from CNY 117,407,073.85 in 2016[20] - The basic earnings per share for 2017 was CNY 0.0061, down 94.85% from CNY 0.1184 in 2016[21] - The net cash flow from operating activities for 2017 was CNY 66,911,219.85, a decrease of 81.72% compared to CNY 366,130,986.34 in 2016[20] - The company reported a total non-recurring gains and losses of CNY 2,969,753.32 for 2017, compared to a loss of CNY 5,824,536.46 in 2016[25] - The company reported a revenue of 1,348.93 million RMB, a decrease of 13.36% compared to the same period last year[49] - The operating cost was 1,153.48 million RMB, down 1.46% year-on-year[49] - The gross profit margin for the manufacturing sector was 13.24%, with a revenue decrease of 14.5% and a cost decrease of 1.91% compared to the previous year[51] - The company reported a net profit of 473.04 million yuan for the year 2017[72] - The company reported a total comprehensive income for the year was 125,882,160.91, reflecting a decrease of 16.09% compared to the previous period[189] Assets and Liabilities - The total assets at the end of 2017 amounted to CNY 4,119,242,379.72, an increase of 7.93% from CNY 3,816,436,810.44 at the end of 2016[20] - The company reported a total non-current asset value of RMB 1,360,073,955.03, an increase from RMB 1,212,226,649.58, indicating a growth of about 12.2%[161] - Total liabilities reached RMB 1,523,224,129.64, compared to RMB 1,223,894,215.80 at the beginning of the year, showing an increase of approximately 24.5%[162] - Current liabilities increased to RMB 1,282,817,481.73 from RMB 1,068,745,787.04, reflecting a growth of about 19.9%[162] - The company's long-term borrowings decreased significantly from RMB 140,000,000.00 to RMB 24,000,000.00, a reduction of approximately 82.9%[162] - The company's cash and cash equivalents decreased to RMB 669,949,977.37 from RMB 825,409,763.36, representing a decline of approximately 18.9%[161] Research and Development - The company invested CNY 42.87 million in research and development, which is a decrease of 20.14% from the previous year[48] - The company completed the development and verification of 104 new products, achieving a first-time pass rate of 91.7% for 73 products[44] - The company is investing $50 million in research and development for new technologies aimed at enhancing product efficiency[123] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[126] Market and Sales - The company is focused on the R&D, manufacturing, and sales of cast products for large wind turbine generators, with a product range including hubs, bases, shafts, and bearing seats[28] - The company operates on a "customized production, order-based" model, ensuring production aligns with specific customer requirements[31] - The sales model includes direct sales to wind turbine manufacturers, with long-term supply agreements in place[35] - The company achieved a sales volume of 117,500 tons and generated operating revenue of CNY 1,348.93 million, with a main business income of CNY 1,307.23 million, reflecting a year-on-year decline of 13.36% and 14.50% respectively[43] - The company is focusing on expanding its international market presence, particularly in the US and Europe[52] Corporate Governance and Compliance - The company has established a comprehensive regulatory system to protect shareholder rights, ensuring compliance with laws and regulations during the reporting period[105] - The company has not encountered any significant accounting errors or changes in accounting policies that would impact its financial results[88] - The company has not faced any administrative penalties from environmental protection authorities, indicating compliance with environmental regulations[106] - The company has a competitive compensation and incentive mechanism in place for employees, recognizing their contributions to the company's development[105] Social Responsibility - The company actively undertook social responsibilities while maintaining operations, aiming for a balance between corporate development and social progress[104] - The company donated over 300,000 RMB to educational reward funds during the reporting period, demonstrating its commitment to social responsibility[105] Future Outlook - The company plans to adjust product structure and develop new products to create new growth points, while also increasing efforts in overseas market expansion[59] - The company aims to enhance its core competitiveness by increasing R&D investment and optimizing cost control in response to market competition and raw material price fluctuations[78] - The company anticipates that the proportion of non-fossil energy in primary energy consumption will reach 20% by 2030, highlighting the importance of wind energy in China's energy reform[74] Employee and Management - The company has implemented a compensation system based on job value to attract and retain key talent[134] - The board of directors consists of 7 members, including 3 independent directors, and operates under established rules and committees[138] - The total compensation for all directors, supervisors, and senior management personnel at the end of the reporting period was 3.5331 million[128] Legal Matters - The company is currently involved in a major lawsuit against Huari Wind Power for unpaid debts and product delivery issues[90] - The company has not reported any significant litigation or arbitration matters outside of the ongoing case with Huari Wind Power[90]

2018 年第一季度报告 公司代码：601218 公司简称：吉鑫科技 江苏吉鑫风能科技股份有限公司 2018 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 7 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | 138,378.28 | | | 计入当期损益的政府补助，但与公司正常经营业务密切相关，符合 | 3,835,849.99 | | | 国家政策规定、按照一定标准定额或定量持续享受的政府补助除外 | | | 3 / 20 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 4,134,333,074.63 4,119,242,379.72 0.37 归属于上市公司股东的 净资产 2,496,968,127.30 2,552,392, ...

Financial Performance - Operating revenue decreased by 13.28% to CNY 1,026,387,753.38 for the first nine months of the year[7] - Net profit attributable to shareholders dropped by 78.08% to CNY 20,682,104.90 for the first nine months[7] - Cash flow from operating activities decreased by 65.74% to CNY 53,174,703.74 compared to the same period last year[7] - The net profit margin for the current period was 1.99%, down from 7.99% in the previous year[13] - The company reported a 77.47% decrease in operating profit to CNY 24,907,026.45 due to increased material costs[13] - The company expects a significant decline in annual net profit due to rising raw material prices[14] - The company reported a net loss of CNY 12,733,706.84 for Q3 2017, compared to a net profit of CNY 32,839,755.21 in Q3 2016[28] - Net profit for the first nine months of 2023 was a loss of CNY 22,009,658.09, compared to a profit of CNY 96,522,071.81 in the same period last year[32] - The gross profit margin for the first nine months of 2023 was approximately 14.7%, down from 25.0% in the same period last year[31] Assets and Liabilities - Total assets increased by 9.16% to CNY 4,166,112,614.88 compared to the end of the previous year[7] - Total liabilities reached CNY 1,555,554,126.39, compared to CNY 1,223,894,215.80 at the start of the year, which is an increase of approximately 27.19%[20] - Total liabilities as of the end of Q3 2017 amounted to CNY 1,213,998,534.27, an increase of 7.1% from CNY 1,133,582,094.36 at the end of the previous year[23] - The company's equity attributable to shareholders was CNY 2,567,000,291.98, up from CNY 2,546,318,187.09, indicating a growth of about 0.81%[20] - Short-term borrowings increased by 36.43% to CNY 471,326,925.90 compared to the beginning of the year[13] - Total cash and cash equivalents at the end of Q3 2023 stood at CNY 673,543,258.16, a decrease from CNY 751,327,043.67 at the beginning of the period[35] Cash Flow - Cash flow from operating activities for the first nine months of 2023 was CNY 53,174,703.74, down 65.7% from CNY 155,198,479.71 in the previous year[34] - Total cash inflow from operating activities was CNY 771,704,252.85, down 16.2% from CNY 921,114,125.38 year-on-year[37] - Cash outflow from operating activities totaled CNY 712,898,165.66, a decrease of 7.8% compared to CNY 773,146,652.31 in the previous year[37] - Investment activities generated a net cash outflow of CNY 222,371,870.66, compared to a net outflow of CNY 96,073,503.45 in the same period last year[37] - Cash inflow from financing activities was CNY 507,841,224.61, an increase of 33.1% from CNY 381,766,250.00 year-on-year[37] - Net cash outflow from financing activities was CNY 36,295,750.72, an improvement from a net outflow of CNY 154,996,098.63 in the previous year[37] Shareholder Information - The number of shareholders reached 57,485 by the end of the reporting period[11] Operational Costs - Total operating costs for the first three quarters of 2017 were CNY 1,001,873,149.43, down from CNY 1,074,432,565.37, reflecting a reduction of 6.8%[27] - Sales expenses for the first nine months of 2023 were CNY 32,798,551.93, a decrease of 20% from CNY 40,929,061.12 in the previous year[31] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[31]