Financial Performance - Operating revenue for the period was CNY 497,893,625.94, an increase of 6.98% year-on-year [6]. - Net profit attributable to shareholders was CNY 5,601,927.08, a decrease of 15.37% compared to the same period last year [6]. - Basic and diluted earnings per share were both CNY 0.0148, down 28.85% from CNY 0.0208 in the previous year [6]. - Total revenue for Q1 2015 was CNY 497,893,625.94, an increase of 6.4% compared to CNY 465,392,672.39 in the previous year [24]. - Net profit for Q1 2015 was CNY 6,770,604.90, compared to CNY 5,159,508.17 in the same period last year, representing a growth of 31.2% [25]. - The net profit for Q1 2015 was a loss of ¥2,147,010.18, compared to a profit of ¥9,118,255.44 in the same period last year [29]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 136,819,965.15, worsening by 99.43% compared to the previous year's outflow of CNY 68,604,689.06 [6]. - Cash inflow from operating activities totaled ¥494,443,608.77, an increase of 29.6% from ¥381,566,761.94 in the previous year [32]. - Cash outflow from operating activities was ¥631,263,573.92, up from ¥450,171,451.00, resulting in a net cash flow from operating activities of -¥136,819,965.15, worsening from -¥68,604,689.06 [32]. - Cash flow from investing activities generated a net inflow of ¥66,649,458.15, compared to a net outflow of -¥8,137,312.89 in the previous year [32]. - Cash flow from financing activities resulted in a net outflow of -¥5,157,776.07, an improvement from -¥90,868,302.58 in the same period last year [33]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,271,991,199.47, a decrease of 0.12% compared to the end of the previous year [6]. - The company's total assets amounted to CNY 3,271,991,199.47, a slight decrease from CNY 3,275,992,345.26 at the beginning of the year [19]. - The company's current assets totaled CNY 1,602,881,718.01, showing a marginal increase from CNY 1,601,125,297.51 at the start of the year [18]. - The company's total liabilities were CNY 1,750,607,459.77, down from CNY 1,761,421,255.38 at the beginning of the year [20]. - Total liabilities rose to CNY 1,508,013,783.90 from CNY 1,313,348,833.45, an increase of 14.8% [23]. Shareholder Information - The number of shareholders at the end of the reporting period was 12,781 [10]. - The company has committed to a four-year lock-up period for shares held by Mr. Chen Hanhai, with 25% of the shares being released each year [14]. Inventory and Receivables - The company reported a significant increase in inventory, which stood at CNY 735,295,471.95, compared to CNY 734,571,548.46 at the beginning of the year [18]. - Accounts receivable increased significantly to CNY 441,833,514.36 from CNY 323,524,786.12, indicating a growth of approximately 36.5% [18]. - Significant changes in financial indicators included a 60.04% decrease in notes receivable and a 91.08% increase in prepaid accounts [11]. Management and Expenses - Management expenses increased by 52.76% due to the consolidation of Century Long Dragon [11]. - The company recorded a 1160.14% increase in asset impairment losses, attributed to an increase in accounts receivable [12]. Future Plans - The company plans to raise CNY 1.2 billion through a non-public offering, with CNY 300 million allocated for loan repayment and the remainder for supporting the development of Century Long Dragon's film and cultural projects [12].

Financial Performance - The company's operating revenue for 2014 was approximately CNY 2.23 billion, representing a 21.09% increase compared to CNY 1.84 billion in 2013[24]. - The net profit attributable to shareholders for 2014 was CNY 59.40 million, a significant increase of 349.60% from CNY 13.21 million in 2013[24]. - The net profit after deducting non-recurring gains and losses was CNY 41.97 million, compared to a loss of CNY 1.19 million in 2013[24]. - The net cash flow from operating activities was CNY 328.03 million, up 39.17% from CNY 235.69 million in 2013[24]. - The net assets attributable to shareholders reached ¥1,442,362,660.46, an increase of 51.21% compared to the previous year[26]. - Total assets increased by 27.08% to ¥3,275,992,345.26 from ¥2,577,940,776.85 in the previous year[26]. - Basic earnings per share rose to ¥0.18, a significant increase of 350% from ¥0.04 in 2013[27]. - The weighted average return on equity improved to 5.73%, up by 4.34 percentage points from 1.39% in the previous year[27]. - The company achieved a net profit of 65.73 million RMB, a year-on-year increase of 350.21%, with a net profit attributable to the parent company of 59.45 million RMB, up 365.93%[39]. - The company's total revenue for 2014 was 223.31 million RMB, representing a 21.09% increase compared to 184.42 million RMB in the previous year[40]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.8 per 10 shares based on a total share capital of 337,427,123 shares as of the end of 2014[2]. - The company has established a three-year shareholder return plan (2014-2016) to clarify cash dividend priorities and conditions[92]. - The company reported a cash dividend payout ratio of 50.83% for the 2014 fiscal year, based on a net profit attributable to shareholders of 59,397,523.71 RMB[94]. - In 2014, the company distributed a cash dividend of 0.80 RMB per 10 shares, based on a total share capital of 377,427,123 shares as of the end of 2014[93]. Business Operations and Strategy - The company has not experienced any changes in its main business since its listing[19]. - The company has maintained its controlling shareholder without any changes since its listing[20]. - The company emphasizes that future operational outlooks are based on current management judgments and do not constitute performance commitments[10]. - The company plans to enhance its market presence in Japan and Southeast Asia while maintaining existing customer relationships[36]. - The investment in a subsidiary in Vietnam was terminated due to geopolitical tensions, although it did not impact the company's overall operations[36]. - The company plans to continue expanding its film business, with projects like "I and My Mother Walk the Long March" and "Tang Ming Huang" in development for 2015[39]. - The company is exploring new strategies for market expansion and technological upgrades to maintain its competitive edge in the industry[62]. - The company plans to strengthen marketing management and optimize product structure to improve sales performance[85]. Research and Development - The company’s R&D expenditure was 15.22 million RMB, accounting for 0.68% of total revenue and 1.01% of net assets[51]. - The R&D department has been allocated a budget increase of 20% for the development of new textile technologies, aiming to launch at least two new products in the upcoming year[156]. Acquisitions and Investments - The company acquired 100% of Century Long Dragon, with a total payment of RMB 139.4 million, and the funds were fully allocated for this purpose[76]. - The revenue from the newly acquired Century Long Film and Television was 54.36 million RMB, contributing a net profit of 18.84 million RMB[44]. - The company has actively pursued technological innovation and product development, receiving over 6 million RMB in government funding for various projects in 2014[62]. Financial Management and Liquidity - The company’s investment activities generated a net cash outflow of 274.89 million RMB, reflecting increased investment activities[40]. - The company holds a 100% equity stake in Century Long Dragon Film and Television Co., with a registered capital of 62.05 million RMB and an actual investment of 470 million RMB[65]. - The company provided a total of RMB 150 million in entrusted loans to Zhangjiagang Jinmao Investment Development Co., Ltd. with a loan term of 6 months at an interest rate of 8.2%[73]. - The company utilized its own funds for the entrusted loans, indicating a strong liquidity position[73]. Environmental and Social Responsibility - The company achieved a 100% compliance rate for wastewater discharge and solid waste disposal in 2014, with no environmental pollution incidents[97]. - The company aims to improve environmental performance indicators by over 3% compared to 2013 in 2015, while maintaining a 100% compliance rate for wastewater discharge[97]. - The company is focusing on sustainability initiatives, aiming to reduce carbon emissions by 25% over the next five years as part of its corporate social responsibility strategy[156]. Corporate Governance - The company has established a comprehensive corporate governance structure, ensuring compliance with relevant laws and regulations[171]. - The board of directors consists of nine members, including three independent directors, accounting for one-third of the total[171]. - The company has seen a consistent increase in the number of independent directors, with three new appointments in the last five years, enhancing governance and oversight[155]. - The company has implemented an insider information registration system since November 2011 to prevent information leakage and ensure fair disclosure[173]. Audit and Compliance - The company received a standard unqualified audit report from Jiangsu Gongzheng Tianye Accounting Firm[4]. - The financial report for the year ended December 31, 2014, received a standard unqualified audit opinion from the auditors[194]. - The internal control self-assessment report for 2014 indicated no deficiencies related to non-financial reporting controls[186]. - There were no significant accounting errors or omissions reported during the year[192].

2014 年第三季度报告 江苏鹿港科技股份有限公司 2014 年第三季度报告 1 / 22 | 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 | 9 | 2014 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员应当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。 二、 公司主要财务数据和股东变化 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 2,726,993,317.17 | 2,577,940,776.85 | | 5.78 | | 归属于上市公司 | 983,023,574.89 | 953,898,844.59 | | ...

Financial Performance - The company achieved operating revenue of CNY 1.202 billion, representing a 14.77% increase compared to the same period last year[18]. - The net profit attributable to shareholders was CNY 36.61 million, an increase of 28.61% year-on-year[21]. - Basic earnings per share rose to CNY 0.11, reflecting a 37.50% increase from the previous year[17]. - The net profit after deducting non-recurring gains and losses increased by 106.90% to CNY 28.35 million[18]. - The net profit for the first half of 2014 was CNY 36,206,058.83, representing a 28.5% increase from CNY 28,152,266.07 in the same period last year[65]. - The company's gross profit margin for the current period was approximately 12.99%, calculated from the total operating revenue and operating costs[197]. - The main business income from fine spinning was CNY 557,011,138.93, while the cost of goods sold for this segment was CNY 504,219,104.95, indicating a gross profit of CNY 52,792,033.98[194]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 37.45% to CNY 124.28 million[18]. - The net cash flow from operating activities was CNY 160,875,989.85, an increase from CNY 156,351,520.62 in the previous period[75]. - Total cash inflow from operating activities reached CNY 1,262,573,602.35, compared to CNY 1,072,749,542.96 in the prior period, reflecting a growth of approximately 17.6%[75]. - Cash outflow for purchasing goods and services was CNY 998,251,197.81, up from CNY 845,686,434.10, indicating a rise of about 18.1%[75]. - The ending cash and cash equivalents balance was CNY 64,363,729.04, down from CNY 289,004,203.42, indicating a decrease of about 77.7%[76]. Assets and Liabilities - The total assets of the company increased by 8.59% to CNY 2.799 billion compared to the end of the previous year[18]. - The company reported a total net assets of CNY 974.59 million, a 2.17% increase from the previous year-end[18]. - Total liabilities rose to RMB 1,759,828,784.03 from RMB 1,559,876,817.31, reflecting an increase of about 12.8%[58]. - The company's current assets totaled RMB 1,419,276,531.19, up from RMB 1,190,054,692.03 at the start of the year, indicating a growth of approximately 19.2%[56]. - Accounts receivable increased significantly to RMB 437,676,255.94 from RMB 155,291,630.43, representing a growth of about 182.5%[56]. Investments and Expansion - The company is actively expanding into markets in Japan, South Korea, and Southeast Asia while enhancing brand recognition for high-value products[21]. - The company plans to invest in a subsidiary in Vietnam, but will reassess the situation due to recent events affecting Chinese enterprises in Vietnam[23]. - The company has initiated the acquisition of Century Long Dragon Film and Television Co., Ltd. through a combination of stock issuance and cash payment[22]. - The company is actively pursuing new product development and technological innovation to enhance competitiveness[30]. Shareholder and Equity Information - The company plans to distribute a cash dividend of RMB 0.5 per 10 shares, totaling RMB 15,900,000, with the remaining profit carried forward to the next year[39]. - The total equity attributable to the parent company at the end of the reporting period is CNY 1,039,512,056.31, an increase from CNY 1,018,063,959.54 at the beginning of the year, reflecting a growth of approximately 2.3%[79]. - The company distributed CNY 16,880,000.00 to shareholders, which includes CNY 15,900,000.00 for profit distribution and CNY 980,000.00 for other allocations[79]. Compliance and Governance - The company has no major litigation, arbitration, or media disputes during the reporting period[41]. - The company has not faced any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[46]. - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period[81]. Research and Development - The company’s research and development expenses for the current period were CNY 2,938,671.16, down from CNY 5,236,493.57 in the previous period, indicating a focus on cost management[200]. Miscellaneous - The company has a total of RMB 9,030,000 in guarantees for its subsidiaries, which represents 8.69% of the company's net assets[43]. - The company has a significant ongoing construction project with a budget of CNY 318,000,000, of which CNY 145,470,599.98 has been invested so far[165].

Financial Performance - The company's operating revenue for 2013 was approximately CNY 1.84 billion, an increase of 10.35% compared to CNY 1.67 billion in 2012[19] - The net profit attributable to shareholders for 2013 was approximately CNY 13.21 million, representing a growth of 29.82% from CNY 10.18 million in 2012[19] - The basic earnings per share for 2013 increased to CNY 0.04, up 33.33% from CNY 0.03 in 2012[17] - The total profit reached CNY 22.18 million, reflecting a year-on-year growth of 34.42%[24] - The net profit after deducting non-recurring gains and losses for 2013 was approximately -CNY 1.19 million, showing a 59.08% improvement from -CNY 2.90 million in 2012[19] - The company reported a significant increase in financial expenses by 50.29% to CNY 71.92 million[26] - The company’s operating profit increased by 90.72% to 1,781.13 RMB, attributed to a recovery in the textile market and increased interest from short-term investments[32] - The company reported a total revenue of 9,000 million in July 2013, with a fixed income yield of 6.2%[45] - The company reported a total revenue of 3,045.96 million RMB for the period ending December 3, 2013[50] Cash Flow and Assets - The net cash flow from operating activities for 2013 was approximately CNY 235.69 million, an increase of 82.55% compared to CNY 129.12 million in 2012[19] - The total assets at the end of 2013 were approximately CNY 2.58 billion, a 16.47% increase from CNY 2.21 billion at the end of 2012[19] - The company's cash and cash equivalents increased to ¥339,923,550.99 from ¥157,856,376.89, representing a growth of approximately 115.5% year-over-year[114] - Total current assets rose to ¥1,190,054,692.03, up from ¥1,075,847,114.75, indicating an increase of about 10.6%[114] - The company's total assets reached ¥2,577,940,776.85, compared to ¥2,213,487,418.48 at the beginning of the year, marking a growth of approximately 16.5%[115] - The company's inventory increased to 592,711,066.49 RMB, which is 30.14% higher than the previous period[39] Market and Sales - Yarn sales exceeded 37,000 tons, while fabric sales reached over 3.8 million meters[24] - The company is focusing on expanding its market presence in Japan, South Korea, and Southeast Asia[23] - The company is actively adjusting its market structure and increasing sales efforts to enhance competitiveness[23] - The total revenue from the main business reached 1,001,743,929.18 RMB for domestic sales, reflecting a year-on-year increase of 12.02%[37] - The company’s top five customers contributed CNY 323.44 million, accounting for 16.11% of total sales[27] Investments and Financial Strategy - The company has engaged in various financial activities, including public deposit acceptance and loan issuance, with a total loan issuance of 14.7 million RMB[43] - The company has invested in wealth management products, including a fixed-income product from Suzhou Bank with an investment of 3 million RMB, yielding a return of 4.6%[44] - The company is actively exploring new financial strategies through wealth management and derivative investments to enhance returns[44] - The company has a total of 2,800 million RMB in fixed income investments as of November 21, 2013[50] - The company has secured a total of 1.3 billion RMB in bank credit to support its daily operations, although tightening market conditions may lead to funding pressures in the future[61] Challenges and Risks - The company faced challenges due to a sluggish global economy and rising costs, impacting competitiveness[22] - The company anticipates risks related to insufficient orders for high-end products due to slow global economic recovery and weak market demand[62] - Labor costs are expected to rise, prompting the company to improve employee welfare and consider relocating some production to lower-cost regions like Vietnam[62] Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring clear responsibilities among its rights, decision-making, supervisory, and management bodies[100] - The board of directors consists of nine members, including three independent directors, representing one-third of the total board[100] - The company has implemented an information disclosure system, ensuring all disclosed information is true, accurate, complete, and timely[102] - The company has not faced any significant discrepancies between its governance practices and the requirements of the Company Law and the China Securities Regulatory Commission[103] Environmental and Social Responsibility - In 2013, the company achieved a 100% compliance rate for wastewater discharge and solid waste disposal, with no environmental pollution incidents reported[64] - The company plans to maintain a 100% compliance rate for wastewater discharge and solid waste disposal in 2014, while improving environmental performance indicators by over 3% compared to 2013[64] - The company has committed to sustainable development and has actively pursued "green dyeing and finishing" technologies[67] Employee and Management - The company employed a total of 3,977 staff, with 3,624 in production, 121 in sales, 82 in technical roles, and 15 in finance[97] - The total remuneration for all directors, supervisors, and senior management in 2013 was 6.1 million yuan[98] - The core technical team and key technical personnel remained unchanged during the reporting period[96] - The company’s performance evaluation system is based on a performance assessment policy for salary determination[97] Future Outlook - In 2014, the company aims for a revenue target of 2 billion RMB and a profit target of 50 million RMB, with sales goals of 40,000 tons of various yarns and over 2,000 tons of high-end wool products[60] - The company plans to enhance its product development by introducing new products such as coarse yarns and knitted fabrics, aiming to improve product technology and raw material content[57] - The company will focus on optimizing its product structure and enhancing brand management to increase product value and market competitiveness[57]

Financial Performance - Operating revenue for the first quarter reached CNY 465,392,672.39, representing a 14.94% increase year-on-year[10] - Net profit attributable to shareholders surged by 664.32% to CNY 6,619,144.31 compared to the same period last year[10] - Investment income rose by 815.96% to CNY 10,913,060.32, primarily from cash dividends received[15] - Total operating revenue for the current period reached ¥465,392,672.39, an increase of 13.5% compared to ¥409,905,029.77 in the previous period[32] - Net profit for the current period was ¥5,159,508.17, significantly up from ¥919,181.45 in the previous period, marking a growth of 461.5%[32] - Operating profit increased to ¥3,821,199.33 from ¥431,898.52, reflecting a substantial rise of 786.5%[32] - The company recorded a total comprehensive income of ¥5,317,956.97, compared to ¥919,181.45 in the previous period, reflecting a growth of 478.5%[33] Assets and Liabilities - Total assets increased by 1.48% to CNY 2,615,982,709.85 compared to the end of the previous year[10] - The total assets as of March 31, 2014, amounted to CNY 2,615,982,709.85, an increase from CNY 2,577,940,776.85 at the beginning of the year[22] - Current assets totaled CNY 1,238,430,080.26, up from CNY 1,190,054,692.03 at the start of the year, indicating a growth of approximately 4.06%[23] - Total liabilities rose to CNY 1,592,600,793.34 from CNY 1,559,876,817.31, marking an increase of about 2.63%[25] - The total liabilities decreased to ¥1,378,357,981.45 from ¥1,434,079,205.33, a reduction of approximately 3.9%[32] - Owner's equity increased to ¥804,841,384.73 from ¥795,723,129.29, showing a growth of about 1.4%[32] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -68,604,689.06, compared to a positive CNY 39,744,521.14 in the previous year[10] - Cash flow from operating activities showed a net outflow of ¥68,604,689.06, compared to a net inflow of ¥39,744,521.14 in the previous period[36] - The net cash flow from operating activities was -29,270,825.98 RMB, compared to -7,050,100.02 RMB in the previous period, indicating a decline in operational cash generation[40] - Total cash outflow for financing activities was 236,440,732.24 RMB, compared to 61,627,177.95 RMB in the previous period, leading to a net cash flow of -148,194,971.59 RMB, a notable decline[42] - The ending cash and cash equivalents balance was 52,390,175.65 RMB, down from 102,130,603.90 RMB in the previous period, indicating a reduction in liquidity[42] Shareholder Information - The number of shareholders totaled 11,881, with the top ten shareholders holding a combined 72.79% of shares[12] Inventory and Receivables - Accounts receivable increased by 141.32% to CNY 374,746,557.87, attributed to increased sales[15] - Inventory increased to CNY 654,041,144.97 from CNY 592,711,066.49, reflecting a rise of about 10.39%[23] - The accounts receivable rose significantly to CNY 374,746,557.87 from CNY 155,291,630.43, an increase of approximately 141.5%[23] Investment Activities - The company is planning a major asset restructuring, negotiating to acquire 100% equity of a film company through cash and share issuance[17] - The company announced the sale of a 16.24% stake in Hunan Top Bamboo Hemp Industry Development Co., Ltd. for CNY 26.79 million[18] - The company reported an investment income of ¥10,913,060.32, up from ¥1,191,440.51, indicating a significant increase in investment returns[32]