公司代码：601369 公司简称：陕鼓动力 西安陕鼓动力股份有限公司 2021 年第一季度报告 ShaanGu 西安陕鼓动力股份有限公司 2021 年第一季度报告 目录 | --- | --- | |-------|---------------| | | | | 一、 | 重要提示 | | 二、 | 公司基本情况… | | 11Í | 重要事项 | | 四、 | 附录 | 2 / 31 西安陕鼓动力股份有限公司 2021 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人李宏安 、主管会计工作负责人赵甲文 及会计机构负责人（会计主管人员） 祁淑英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 | --- | --- | --- | --- | |------------------------------- ...

Financial Performance - The net profit attributable to shareholders for 2020 was CNY 684,860,890.29, with the parent company achieving a net profit of CNY 578,022,652.68 after a 10% statutory surplus reserve allocation of CNY 57,802,265.27[5] - The total distributable profit for 2020 was CNY 2,052,467,939.77, with a proposed cash dividend of CNY 2.80 per 10 shares, totaling CNY 469,828,865.24 (including tax)[5] - The company's operating revenue for 2020 was CNY 8,064,929,035.08, representing a 10.42% increase compared to CNY 7,303,968,264.07 in 2019[24] - The net profit attributable to shareholders for 2020 was CNY 684,860,890.29, up 13.55% from CNY 603,138,697.13 in 2019[24] - The net profit after deducting non-recurring gains and losses was CNY 522,094,797.86, a significant increase of 67.97% compared to CNY 310,821,230.33 in 2019[24] - The net cash flow from operating activities reached CNY 1,173,903,213.68, which is a 28.18% increase from CNY 915,853,073.84 in 2019[24] - The total assets at the end of 2020 were CNY 22,940,341,121.35, reflecting an 11.04% increase from CNY 20,660,136,875.04 at the end of 2019[24] - The basic earnings per share for 2020 was CNY 0.4115, a 13.52% increase from CNY 0.3625 in 2019[25] - The diluted earnings per share for 2020 was CNY 0.4085, up 12.94% from CNY 0.3617 in 2019[25] - The weighted average return on equity for 2020 was 10.18%, an increase of 0.96 percentage points from 9.22% in 2019[25] Audit and Governance - The company has received a standard unqualified audit report from Sigma Accounting Firm[3] - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[4] - The company has not disclosed any significant changes in its governance structure or shareholder situation[8] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6] - There are no violations of decision-making procedures regarding external guarantees[6] Market and Business Strategy - The company plans to continue expanding its market presence and invest in new product development to drive future growth[31] - The company operates in three main business segments: energy conversion equipment manufacturing, industrial services, and energy infrastructure operation[35] - The company is transitioning from a single product manufacturer to a provider of distributed energy system solutions, significantly improving overall energy efficiency[36] - The company is actively expanding into process industries, smart cities, and overseas markets, integrating green, intelligent, and interconnected energy solutions[41] - The company has implemented a direct procurement strategy for key components to enhance supply chain competitiveness and reduce costs[37] - The company’s sales strategy includes direct and indirect sales models, particularly focusing on large clients in emerging markets along the Belt and Road Initiative[40] - The company aims to provide customized financial solutions to address the financial challenges faced by upstream and downstream enterprises[46] Research and Development - The company has applied for 114 patents, with 51 valid patents authorized by the end of 2020, including 27 inventions[67] - The company has participated in and approved 9 national and industry standards during the reporting period, bringing the total to 54 standards by the end of 2020[66] - The company has completed the performance testing of the AVH test machine and developed a pneumatic quotation software, enhancing its R&D capabilities[62] - The company has successfully developed a non-uniform thickness blade forming technology, reducing manufacturing costs while maintaining precision[62] - The company achieved over 60 orders for the 3G-TRT system in 2020, with efficiency improvements of 5% to 10% compared to traditional TRT systems[63] Financial Management - The company reported a significant increase in cash and cash equivalents, totaling ¥6,290,940,133.09, which is a 42.65% increase from the previous year[106] - The company’s financial expenses decreased by 137.18% due to increased interest income from deposit products[100] - The company has established financial cooperation with various banks and leasing companies to expand market reach and accelerate receivables collection, although this poses a risk of repurchase liability due to customer defaults[154] - The company has not proposed any cash profit distribution plan despite having positive distributable profits for the reporting period[158] Corporate Social Responsibility - The company has been recognized for its corporate social responsibility efforts, having published its CSR report for ten consecutive years and receiving accolades for its sustainability initiatives[84] - The company has been actively involved in poverty alleviation efforts, supporting local communities through various initiatives, including educational funding and infrastructure improvements[85] - The company has developed a comprehensive strategy to enhance its brand value and cultural initiatives, focusing on team building and employee engagement[78] Challenges and Risks - The company faces challenges from macroeconomic downturns affecting traditional market demand and competition for talent in expanding new businesses[142][143] - The company is committed to addressing financial risks associated with growing accounts receivable and the need for increased investment in technology research and development[151] Future Outlook - The company plans to achieve a revenue of 920,000.00 million CNY in 2021, with a net profit target of 77,600.00 million CNY[147] - The company anticipates significant market opportunities arising from the ongoing energy revolution and carbon neutrality strategies in China[134] - The company is focusing on distributed energy market expansion, responding to national supply-side structural reforms and energy-saving policies[136]

Financial Performance - Total assets increased by 11.33% to CNY 23,000,564,334.17 compared to the end of the previous year[6] - Operating income for the first nine months rose by 11.50% to CNY 5,874,008,968.37 year-on-year[6] - Net profit attributable to shareholders increased by 15.37% to CNY 562,886,110.17 compared to the same period last year[6] - Net cash flow from operating activities increased by 26.66% to CNY 973,562,947.19 year-on-year[6] - The weighted average return on equity improved by 0.89 percentage points to 8.23%[6] - Basic earnings per share rose by 17.24% to CNY 0.34[6] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥380,643,863.46, a 30.57% increase attributed to market growth and effective financial management[45] Shareholder Information - The total number of shareholders reached 25,800 by the end of the reporting period[13] - The largest shareholder, Shaanxi Guofeng Group, holds 58.20% of the shares[13] Market Expansion and Technology Development - The company plans to continue expanding its market presence and invest in new technologies[6] - The company achieved a historical best performance with operating revenue of RMB 5.874 billion for the first three quarters of 2020, marking a significant year-on-year increase[17] - The company successfully signed a contract for a multi-crystalline silicon reduction project, breaking the foreign monopoly in the compressor field and establishing a competitive advantage in the domestic market[18] - The company has signed a new green bio-fermentation project, which includes an innovative solution for steam recovery and energy generation, aligning with national energy-saving and environmental protection policies[21] - The company has completed the installation of multiple power generation units in its self-owned power plant project in Indonesia, marking a successful milestone in its overseas expansion efforts[27] - The company has successfully completed the first overseas air separation project in Indonesia, which is the largest of its kind in the country, with the first unit already in operation[27] Innovation and Technology - The company has submitted 179 patent applications, with 70 inventions and 107 utility models, reflecting its commitment to innovation and technology advancement[26] - The company completed the development of the AV140 axial flow compressor unit, which is currently the world's largest in terms of flow capacity, achieving international advanced performance levels[23] - The company has established a technology work platform for centrifugal compressors, achieving rapid design and digital output capabilities, enhancing its competitive edge in high-end gas applications[22] - The company has made significant technological and market breakthroughs in the field of coke oven gas extraction for LNG and green methanol production, positioning itself for comprehensive industry promotion[28] Financial Management and Cash Flow - The company's cash and cash equivalents increased by 36.15% from the beginning of the year, reaching ¥6,004,286,203.38, primarily due to increased orders in the distributed energy market[39] - Accounts receivable rose by 31.19% to ¥2,242,426,590.33, attributed to improved management of customer payments[39] - Short-term borrowings rose to ¥2,090,290,809.00, reflecting a 64.98% increase due to higher bank loans[42] - Other non-current assets surged to ¥210,286,522.07, a 195.85% increase primarily from increased prepaid project payments[42] - The company reported a 67.94% reduction in credit impairment losses, amounting to -¥58,575,762.54, due to improved accounts receivable management[42] - Other income increased by 50.67% to ¥21,839,679.39, mainly due to increased government subsidies[42] Initiatives and Awards - The company received the "2020 Best Supplier in the Petrochemical Industry" award, highlighting its achievements in market expansion and technology development[37] - The company has launched a poverty alleviation initiative, providing support to impoverished villages through talent assistance and infrastructure improvements[38] - The company has developed a remote online monitoring and automatic diagnosis system for rotating machinery, which won an award for excellence in digital construction[33] - The company has initiated the second phase of its service intelligence platform, enhancing features such as technical support and decision-making assistance[33] - The company has implemented a comprehensive data governance initiative, enhancing data management quality and information security systems[33] - The company has participated in various international forums and exhibitions to strengthen its brand image and promote its distributed energy solutions[34] Contractual and Asset Management - Contract assets increased to ¥416,280,883.93, a 60.12% rise due to changes in accounting policies[42] - Investment activities generated a net cash flow of ¥180,524,320.28, a significant decrease of 89.75% due to timing differences in financial products[45] - The company is currently in the asset evaluation stage for land storage matters, which will not significantly impact normal operations[46] - The company has signed significant contracts, including a ¥386 million contract for equipment procurement and installation, currently in execution[49]

Financial Performance - Net profit attributable to shareholders rose by 15.37% to CNY 562,886,110.17 year-to-date[10] - Operating revenue for the first nine months reached CNY 5,874,008,968.37, an increase of 11.50% year-on-year[10] - Basic earnings per share increased by 17.24% to CNY 0.34[13] - The net profit after deducting non-recurring gains and losses increased by 30.57% to CNY 380,643,863.46 year-to-date[10] - The company achieved a record revenue of RMB 5.874 billion for the first nine months of 2020, marking the best performance for the same period in history[20] - The net profit for Q3 2020 was ¥200,661,249.67, representing a 28.9% increase from ¥155,575,576.39 in Q3 2019[77] - The company's total equity rose to ¥6,742,723,914.80 from ¥6,704,901,332.31 in the previous year[76] - The total operating profit for Q3 2020 was ¥161,552,401.87, up from ¥135,168,800.32 in Q3 2019, marking a growth of 19.5%[82] Assets and Liabilities - Total assets increased by 11.33% to CNY 23,000,564,334.17 compared to the end of the previous year[10] - The total current assets as of September 30, 2020, amounted to ¥20,147,096,485.20, an increase from ¥17,859,408,703.49 at the end of 2019[57] - Current liabilities rose to ¥15,521,373,906.38, compared to ¥12,977,427,745.38 in the previous year, indicating an increase of about 19%[62] - The total liabilities amounted to ¥15,745,657,747.82, up from ¥13,629,828,423.81, which is an increase of around 15.5%[62] - The company's equity attributable to shareholders increased to ¥6,872,341,525.28 from ¥6,691,120,290.50, marking an increase of approximately 2.7%[62] - The company reported a total asset value of ¥22,059,665,764.69, an increase from ¥19,662,802,209.28 in the previous year[76] - Total liabilities increased to ¥15,316,941,849.89 from ¥12,957,900,876.97 year-over-year[76] Cash Flow - Net cash flow from operating activities increased by 26.66% to CNY 973,562,947.19 year-to-date[10] - The company's cash and cash equivalents increased by 36.15% to approximately ¥6.00 billion due to a rise in orders and net cash flow from operating activities[43] - The net cash flow from operating activities for the first three quarters of 2020 was approximately ¥973.56 million, up 26.7% from ¥768.63 million in the same period of 2019[90] - The cash inflow from financing activities in the first three quarters of 2020 was approximately ¥1.43 billion, an increase of 95.9% compared to ¥732.46 million in the same period of 2019[92] - The cash inflow from sales of goods and services in the first three quarters of 2020 was approximately ¥3.40 billion, up 20% from ¥2.84 billion in the same period of 2019[96] Research and Development - As of September 2020, the company has submitted 179 patent applications, with 44 patents granted, including 5 invention patents[28] - The company has signed 20 joint research agreements, with over 10 showing significant research results, enhancing its technical capabilities[23] - Research and development expenses for Q3 2020 totaled ¥83,160,840.26, a decrease of 22.9% from ¥107,937,263.89 in Q3 2019[73] - Research and development expenses for Q3 2020 were ¥80,296,686.05, a decrease of 22.1% compared to ¥102,999,624.60 in Q3 2019[82] Market and Competitive Position - The company signed a contract for a polysilicon reduction project, breaking the foreign monopoly in the compressor market and establishing a competitive advantage in this field[22] - The company is expanding its overseas market presence, with the completion of the first overseas air separation project in Indonesia, which is the largest of its kind in the country[29] - The company has made significant advancements in technology for extracting LNG from coke oven gas, positioning itself as a leader in this area within the domestic market[30] - The company participated in multiple industry exhibitions to enhance its brand influence and was recognized as a top supplier in the petrochemical industry[39] Government Support and Social Responsibility - The company received government subsidies amounting to CNY 21,404,769.57 during the reporting period[16] - The company has implemented a targeted poverty alleviation model, providing support to impoverished villages through talent and infrastructure assistance[40] Operational Efficiency - The company has improved the energy recovery efficiency of its TRT technology by 6-12 percentage points compared to the previous generation[24] - The company has achieved energy efficiency improvements of 2% to 5% through customized energy optimization solutions, significantly reducing labor intensity by over 60% for users[34] - The company has completed over 85% of the planned functionalities for the intelligent development of turbine units, enhancing user experience and operational efficiency[34]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 3,923,279,434.77, representing a 7.77% increase compared to CNY 3,640,474,335.37 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was CNY 376,183,625.71, an increase of 8.57% from CNY 346,487,556.86 year-on-year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 237,391,132.65, up 6.07% from CNY 223,805,978.93 in the previous year[19]. - The net cash flow from operating activities was CNY 546,480,842.13, a decrease of 11.45% compared to CNY 617,129,752.09 in the same period last year[19]. - The net assets attributable to shareholders at the end of the reporting period were CNY 6,677,375,490.50, a slight decrease of 0.21% from CNY 6,691,120,290.50 at the end of the previous year[19]. - Total assets increased by 2.17% to CNY 21,107,463,984.66 from CNY 20,660,136,875.04 at the end of the previous year[19]. - Basic earnings per share for the reporting period (January to June) increased to 0.22 RMB, up 4.76% from 0.21 RMB in the same period last year[20]. - Weighted average return on equity rose to 5.63%, an increase of 0.13 percentage points compared to 5.50% in the previous year[20]. - The company's cash and cash equivalents increased from ¥4,410,124,566.35 to ¥5,456,961,916.82, representing a growth of 23.74%[36]. - The company's contract assets rose significantly by 61.67%, from ¥259,977,615.63 to ¥420,306,501.43, mainly due to an increase in accounts receivable[36]. - The company reported a net cash inflow from investment activities of approximately CNY 205.85 million, a significant increase of 128.09% year-on-year[75][76]. - The company's total liabilities increased to CNY 14,061,573,764.28 from CNY 13,629,828,423.81, an increase of approximately 3.16%[176]. - Shareholders' equity totaled CNY 7,045,890,220.38, slightly up from CNY 7,030,308,451.23, indicating a marginal increase of about 0.22%[176]. Business Strategy and Market Focus - The company operates in three main business segments: energy conversion equipment manufacturing, industrial services, and energy infrastructure operation[27]. - The company is transitioning from a single product manufacturer to a provider of distributed energy system solutions, enhancing overall energy efficiency[28]. - The company is focusing on market expansion in process industries, smart cities, and along the "Belt and Road" initiative[28]. - The company has implemented a direct procurement strategy for key components to optimize supplier resources and reduce costs[31]. - The production model is based on "make to order," ensuring timely delivery according to sales contracts[31]. - The sales strategy includes direct sales in the domestic market and a combination of direct and indirect sales in international markets[31]. - The company is focusing on distributed energy markets and expanding into sectors such as process industries and smart cities[32]. - The company aims to enhance its core capabilities in distributed energy system solutions, targeting customer needs in air separation and petrochemical sectors[41]. - The company is actively developing new technologies and products, including axial compressors and energy recovery turbines[42]. - The company is leveraging financial solutions to address funding challenges faced by upstream and downstream enterprises[41]. - The company is implementing a three-in-one intelligent manufacturing system to provide efficient and reliable system solutions[46]. - The company is expanding its market presence in countries along the "Belt and Road" initiative, with significant potential in the metallurgical and oil and gas sectors[33]. Research and Development - Research and development expenses surged by 65.79% to approximately CNY 86.30 million, reflecting the company's increased investment in new product development[75]. - The company completed 38 on-site surveys and signed 10 joint R&D agreements, enhancing its technical capabilities based on user needs[55]. - The company developed a new high-efficiency model for synthetic cycle gas compressors, which simplifies unit configuration and reduces equipment costs by 1% to 2%[55]. - The company achieved a 6-12 percentage point improvement in energy recovery efficiency with the third-generation TRT technology compared to the previous generation[55]. - The company launched a new product, the EIZT125 model, suitable for 60,000-70,000 grade air separation units, enhancing its market competitiveness[55]. - The company signed a contract for a 120,000 tons/year ethylene glycol project, which features a new compressor model with significant market advantages[53]. - The company implemented a digital manufacturing process for key components, improving product quality and reducing labor intensity[59]. - The company has actively engaged in social responsibility initiatives, including poverty alleviation efforts in specific villages, enhancing its community support[71]. Financial Management and Risks - Financial risks are present due to the increase in accounts receivable as the company grows, necessitating stable financial support for R&D in distributed energy[94]. - The company aims to expand financing channels and improve financial services to ensure healthy and sustainable development[94]. - The company has established financial cooperation with banks and leasing companies to accelerate market expansion and improve cash recovery[94]. - The company utilized a special loan of 280 million RMB from the controlling shareholder for operational liquidity during the pandemic recovery period[107]. - The company reported a significant increase in production capacity, with several subsidiaries achieving over 63.94% capacity utilization[10]. - The company has established a comprehensive risk management system for its financial sales model, including risk identification and assessment measures[139]. Corporate Governance and Compliance - The company has a commitment to avoid competition with its controlling shareholder, ensuring no direct or indirect competition in its main business[98]. - The company has maintained integrity in operations, with no unfulfilled court judgments or significant overdue debts[103]. - The company renewed its audit engagement with Sigma CPA for the 2020 fiscal year[101]. - The company has a long-term non-competition commitment from its major shareholder, effective since November 26, 2007[100]. - The company has no major related party transactions with subsequent developments during the reporting period[108]. - The company has not disclosed any employee stock ownership plans or other incentive measures during the reporting period[105]. - The company has committed to reducing and standardizing related party transactions with its controlling shareholder[100]. Community Engagement and Environmental Responsibility - The company has been actively involved in poverty alleviation efforts, focusing on sustainable development projects in impoverished villages, with a total investment of RMB 1.798 million in poverty alleviation projects[125]. - The company has established a mushroom production cooperative in Danjiaogou Village, promoting sustainable economic sources for the village[127]. - During the pandemic, the company provided necessary support for epidemic prevention in impoverished areas, including monitoring and disinfection efforts[126]. - The company plans to continue implementing its poverty alleviation plan in the second half of 2020, as outlined in the 2019 annual report[131]. - The company has not been classified as a key pollutant discharge unit and adheres to environmental protection policies and sustainable development practices[132].

公司代码：601369 公司简称：陕鼓动力 西安陕鼓动力股份有限公司 2019 年年度报告 (修订版) ShaanGu 西安陕鼓动力股份有限公司 2019 年年度报告 重要提示 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、 未出席董事情况 | --- | --- | --- | --- | |----------------|----------------|----------------------|--------------| | 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 | 李付俊 | 因工作原因 | 陈党民 | | 董事 | 宁旻 | 因工作原因 | 陈党民 | 三、 希格玛会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人李宏安 、主管会计工作负责人赵甲文 及会计机构负责人（会计主管人员）祁 淑英声明：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 ...

公司代码：601369 公司简称：陕鼓动力 西安陕鼓动力股份有限公司 2020 年第一季度报告 ShaanGu 西安陕鼓动力股份有限公司 2020 年第一季度报告 目录 | --- | --- | |-------|-------| | | | | | | | | | | | | | | | | | | | 一、 | | | | | | 二、 | | | IIÍ | | | 四、 | | | --- | --- | |--------------|-------| | | | | 重要提示 | | | 公司基本情况 | | | 重要事项 | | | 附录 . | | 2 / 32 西安陕鼓动力股份有限公司 2020 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人 李宏安 、主管会计工作负责人赵甲文 及会计机构负责人（会计主管人员）祁 淑英保证季度报告中财务报表的真实、准确、完整。 ...

Financial Performance - The company's operating revenue for 2019 was CNY 7,303,968,264.07, representing a 44.95% increase compared to 2018[26]. - The net profit attributable to shareholders for 2019 was CNY 603,138,697.13, a 72.18% increase from the previous year[26]. - The net cash flow from operating activities reached CNY 915,853,073.84, up 75.09% year-on-year[26]. - The basic earnings per share for 2019 was CNY 0.3625, reflecting a 69.55% increase compared to 2018[27]. - The company's total assets as of the end of 2019 were CNY 20,660,136,875.04, a 14.20% increase from the end of 2018[26]. - The net assets attributable to shareholders increased by 7.97% to CNY 6,691,120,290.50 by the end of 2019[26]. - The company reported a significant increase of 364.80% in net profit after deducting non-recurring gains and losses, totaling CNY 310,821,230.33[26]. - The company achieved a weighted average return on equity of 9.22% in 2019, an increase of 3.51 percentage points from 2018[27]. - The company reported a total non-operating income of approximately ¥292.32 million, with significant contributions from various financial activities[33]. - The company's operating revenue for the reporting period reached ¥7,303,968,264.07, an increase of 44.95% compared to ¥5,038,835,609.95 in the same period last year[92]. Dividend Distribution - The company plans to distribute cash dividends of RMB 2.30 per 10 shares, totaling RMB 385,930,853.59[5]. - The company's board of directors has approved the profit distribution plan during the meeting held on April 8, 2020[5]. - In 2019, the cash dividend amounted to RMB 385,930,853.59, representing 63.99% of the net profit attributable to ordinary shareholders[158]. - The company plans to distribute a cash dividend of RMB 0.20 per share, totaling RMB 335,346,046.60, based on a total share capital of 1,676,730,233 shares[156]. - The company has maintained a consistent dividend distribution strategy over the past three years, with cash dividends increasing from RMB 254,009,386.12 in 2017 to RMB 385,930,853.59 in 2019[158]. Risk Management - The company has detailed the specific risks faced in its production and operational activities in the report[6]. - The company emphasizes the importance of risk awareness for investors regarding future plans[5]. - The company is focused on risk prevention and financial resource integration to ensure healthy and sustainable development[151]. - The company faces financial risks due to the increasing scale of accounts receivable as its business expands[151]. - The company has engaged in financial cooperation with multiple banks and leasing companies to accelerate market expansion and improve cash recovery, although this poses risks of customer defaults[152]. Audit and Compliance - The company has received a standard unqualified audit report from Sigma Accounting Firm[3]. - The company’s legal representatives have confirmed the accuracy and completeness of the financial report[3]. - The company has not violated decision-making procedures for external guarantees[6]. - The company has not disclosed any significant changes in shareholder structure or stock changes[9]. - The company has no major litigation or arbitration matters reported for the year[176]. - The company maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[178]. Market and Strategic Focus - The company is transitioning from a single product manufacturer to a provider of distributed energy system solutions, enhancing overall energy efficiency[38]. - The company is focusing on the distributed energy market, targeting sectors such as process industries, smart cities, and the Belt and Road Initiative[41]. - The company aims to optimize energy systems through integrated solutions combining multiple energy forms, enhancing operational efficiency[39]. - The company is actively involved in the development of smart city infrastructure, leveraging advancements in IoT and AI technologies[41]. - The company is focusing on expanding its career development framework, particularly in technical, sales, finance, and investment sectors[91]. - The company is focusing on distributed energy market opportunities, leveraging supply-side structural reforms and industrial internet developments[150]. - The company aims to enhance its brand promotion to capture distributed energy opportunities globally[150]. - The company is responding to the trend of green and intelligent manufacturing, aligning with national policies for energy efficiency and environmental protection[139]. Technological Advancements - The company has made significant progress in core technologies, including breakthroughs in axial flow compressors and energy recovery turbines[50]. - The company has applied for 92 patents during the reporting period, including 38 invention patents, and has been granted 16 patents, with a total of 224 patents held by the end of 2019[73]. - The company has implemented intelligent manufacturing technologies, including a digital control system for impeller welding, which has improved welding efficiency by 300-500%[72]. - The company has launched a mobile management application for process industrial devices, enhancing operational intelligence and efficiency across multiple user installations[76]. - The company has established a digital design platform and a comprehensive digital delivery system, significantly improving contract fulfillment quality and efficiency through transparent information management[77]. International Expansion - The company is actively expanding its international presence, particularly in the "Belt and Road" initiative, with a major project in Indonesia being the largest air separation unit in the country[54]. - The company successfully completed the mechanical completion of its first overseas air separation project in Indonesia, which is the largest in the country[83]. - The company expanded its international market presence by optimizing its governance structure and enhancing its international capabilities[59]. - The company participated in multiple international exhibitions to enhance its brand influence and expand its overseas market presence[86]. Financial Management - The company has entrusted cash asset management with a total amount of ¥11,759,630,000, with an unexpired balance of ¥3,821,630,000[198]. - The company has invested ¥750,000,000 in trust management, with an overdue amount of ¥2,214,943.82[198]. - The company has invested ¥8,098,000,000 in financial management, with an unexpired balance of ¥2,362,000,000[198]. - The company has invested ¥2,831,630,000 in non-principal guaranteed financial management, with an unexpired balance of ¥1,159,630,000[198]. - The total amount of guarantees provided by the company to subsidiaries during the reporting period was ¥547,000,000[194]. - The total guarantee balance for subsidiaries at the end of the reporting period was ¥771,571,199.41[194]. - The total amount of guarantees (including those to subsidiaries) was ¥771,571,199.41, which accounts for 10.97% of the company's net assets[194]. Employee and Corporate Governance - The company implemented a stock incentive plan to enhance employee motivation and performance, contributing to improved company results[91]. - The company completed the initial grant registration of the 2018 restricted stock incentive plan on April 8, 2019, with a total of 1.6 million shares granted to 21 individuals[179]. - The company repurchased and canceled 370,000 shares of restricted stock on March 11, 2020, as part of the incentive plan[182]. - The company has not disclosed any new employee stock ownership plans or other incentive measures[182]. - The company has not reported any significant related party transactions that have not been disclosed in temporary announcements[182].

Financial Performance - Operating revenue for the first nine months was ¥5,268,389,139.14, representing a significant increase of 47.83% compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was ¥487,881,579.21, up 30.67% year-on-year[9]. - The net cash flow from operating activities for the first nine months was ¥768,632,306.95, a substantial increase of 59.63% compared to the previous year[9]. - Basic earnings per share increased to ¥0.29, a rise of 26.09% from ¥0.23 in the same period last year[9]. - The weighted average return on equity improved to 7.34%, an increase of 1.20 percentage points compared to the previous year[9]. - The total profit for the period was ¥653,864,371.34, a 32.14% increase from ¥494,817,580.11 in the previous year[43]. - Net profit attributable to shareholders was ¥532,882,733.19, reflecting a 33.58% growth from ¥398,922,800.59 in the previous year[43]. - The company reported a significant increase in other comprehensive income, which rose by 691.17% to ¥148,535,213.72 from ¥18,774,203.20[42]. - The total comprehensive income for Q3 2019 was CNY 108,625,581.38, compared to CNY 202,051,963.94 in Q3 2018, a decrease of 46.3%[77]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥18,543,350,762.69, an increase of 2.50% compared to the end of the previous year[9]. - The company's total assets as of September 30, 2019, were ¥18,543,350,762.69, up from ¥18,091,018,924.48 at the end of 2018, reflecting a growth of approximately 2.5%[59]. - Total liabilities decreased slightly to ¥11,531,354,500.66 from ¥11,623,942,305.47, a reduction of about 0.8%[59]. - The company's total liabilities as of September 30, 2019, were ¥10,936,335,254.74, compared to ¥10,690,366,580.67 at the end of 2018, reflecting a slight increase of 2.3%[69]. - The company's equity attributable to shareholders increased to ¥6,685,267,032.94 from ¥6,196,994,561.35, marking an increase of approximately 7.9%[59]. - Total equity attributable to shareholders decreased to ¥6,196,994,561.35 from ¥6,386,417,071.84, a decline of ¥189,422,510.49[103]. - The total current assets reached ¥15,827,232,628.27, compared to ¥14,976,857,030.88 at the end of 2018, indicating an increase of about 5.7%[55]. - The company's retained earnings as of September 30, 2019, were ¥1,764,490,107.01, up from ¥1,569,368,541.96, reflecting an increase of approximately 12.4%[59]. Research and Development - Research and development expenses increased by 61.28% to ¥194,240,151.54, up from ¥120,440,217.97, indicating a focus on innovation[43]. - The company has applied for a total of 298 patents, including 94 invention patents and 197 utility model patents[28]. - R&D expenses in Q3 2019 amounted to ¥107,937,263.89, significantly higher than ¥47,406,056.39 in Q3 2018, indicating a 127.7% increase[72]. - The company has developed a new axial flow compressor with a pressure ratio of 1.2-1.3, which is expected to reduce costs by 20%[22]. Market and Business Expansion - The company has expanded its business into major infrastructure markets, completing core equipment maintenance for national energy projects, reducing costs by 25%[21]. - The company has signed contracts for a 2*60 million tons/year polypropylene unit, marking its entry into the polypropylene compressor market[22]. - The company successfully completed the first distributed energy project in the automotive industry, which includes a gas boiler station and a sewage treatment station, achieving significant energy savings and emissions reductions[18]. - The company has established core capabilities in LNG production, including process selection, factory design, and project lifecycle management, with a focus on both domestic and overseas markets[29]. - The company has completed mechanical construction for its first overseas air separation project in Indonesia, with a capacity of 200,000 Nm³/h, and is set to provide integrated operation and maintenance services[31]. Awards and Recognition - The company received the 2019 World Manufacturing Conference Green Energy Saving Innovation Product Gold Award for its high-efficiency energy recovery device[28]. - The company has been recognized for its social responsibility efforts, including poverty alleviation initiatives in Shaanxi Province, and has been awarded as an excellent enterprise in poverty alleviation[32]. - The company has received multiple awards for its projects, including the "2018 Annual Chemical Engineering Construction Safety and Civilized Site" and "2018 Annual Chemical Engineering Construction Quality Project" awards[31]. Brand and Market Presence - The company is enhancing its brand value through a "zero defect" quality management system and a comprehensive credit evaluation system for employees and suppliers[36]. - The company is actively participating in international exhibitions to strengthen its brand image and expand its overseas market presence, including the 2019 LNG Industry International Forum[36]. - The company is pursuing international trademark registration in several countries, including the United States and Russia, to enhance its global brand influence[36]. - The company's development model has gained recognition from government leaders, emphasizing the importance of service in the equipment manufacturing sector[36]. - The company’s smart transformation experience has been recognized and promoted by the Ministry of Industry and Information Technology, establishing it as an industry leader in manufacturing transformation[39].

公司代码：601369 公司简称：陕鼓动力 西安陕鼓动力股份有限公司 2019 年半年度报告 ShaanGu 西安陕鼓动力股份有限公司 2019 年半年度报告 重要提示 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、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、 本半年度报告未经审计。 四、 公司负责人李宏安、主管会计工作负责人赵甲文及会计机构负责人（会计主管人员）祁淑英 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 √适用 □不适用 本报告涉及的未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，请投资者注意投资 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 九、 重大风险提示 公司已在本报告中详细描述生产经营活动可能面临的具体风险，详见本报告第四节"经营情 况的讨论与分析"中有关公司可能面对的风险的描述。 十、 其他 □适用 ...