2019 年第一季度报告 公司代码：601882 公司简称：海天精工 宁波海天精工股份有限公司 2019 年第一季度报告 1 / 19 2019 年第一季度报告 í 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2019 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 公司负责人张静章、主管会计工作负责人俞盈及会计机构负责人（会计主管人员）俞盈保证 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 company's operating revenue for 2018 was approximately ¥1.27 billion, a decrease of 0.67% compared to ¥1.28 billion in 2017[24]. - The net profit attributable to shareholders for 2018 was approximately ¥101.51 million, down 1.38% from ¥102.92 million in 2017[24]. - The net cash flow from operating activities increased by 47.47% to approximately ¥359.45 million in 2018, compared to ¥243.76 million in 2017[24]. - The total assets at the end of 2018 were approximately ¥2.13 billion, a slight increase of 0.15% from ¥2.12 billion at the end of 2017[24]. - The net assets attributable to shareholders increased by 6.38% to approximately ¥1.24 billion at the end of 2018, compared to ¥1.16 billion at the end of 2017[24]. - Basic earnings per share for 2018 was CNY 0.19, a decrease of 5.00% compared to CNY 0.20 in 2017[26]. - The weighted average return on equity decreased to 8.49% in 2018 from 9.2% in 2017, a reduction of 0.71 percentage points[26]. - The company achieved operating revenue of 1,272,301,684.45 RMB, a decrease of 0.67% compared to the previous year[53]. - The net profit attributable to shareholders was 101,507,800 RMB, down 1.38% year-on-year[53]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 85,842,200 RMB, a slight decrease of 0.11% from the previous year[53]. Cash Flow and Dividends - The company plans to distribute a cash dividend of ¥0.60 per 10 shares, totaling approximately ¥31.32 million[6]. - The company distributed a cash dividend of RMB 0.60 per 10 shares for the fiscal year 2017, totaling RMB 31,320,000, which represents 30.43% of the net profit attributable to ordinary shareholders[125][126]. - For the fiscal year 2018, the company plans to distribute the same cash dividend of RMB 0.60 per 10 shares, amounting to RMB 31,320,000, maintaining a similar payout ratio of 30.85% of the net profit attributable to ordinary shareholders[125][126]. - The company has a policy that mandates a minimum cash dividend payout ratio of 40% in the event of significant investments or cash expenditures exceeding RMB 200 million, and 80% otherwise[120]. Operational Highlights - The company focuses on high-end CNC machine tools, with a business model centered on customized design and large-scale production[34]. - The CNC machine tool industry in China experienced a slowdown in growth in the second half of 2018, primarily due to US-China trade tensions and a sluggish automotive market[42]. - The company aims to replace imports and gain a competitive position in the high-end CNC machine tool market[37]. - The sales model combines direct sales and distribution through numerous sales service providers, enhancing market reach[40]. - The company holds 268 patents and has established itself as a leading enterprise in the R&D and production of CNC machine tools in China[47]. - The company has built long-term stable partnerships with key clients in the rail transportation and aerospace sectors, enhancing its customer base[46]. - The company is focusing on optimizing its product series and marketing strategies to adapt to market changes, particularly in the mold, aerospace, and automotive parts sectors[51]. - The company aims to maintain low-cost operations while improving service quality to compete with international counterparts in the high-end CNC machine tool market[48]. Research and Development - Research and development expenses rose by 3.17% to 55,829,075.73 RMB, reflecting increased investment in R&D[55]. - The number of R&D personnel was 229, making up 15.48% of the total workforce[85]. - The company aims to increase R&D investment to strengthen technological advantages and expand into downstream markets and overseas clients[109]. - In 2019, the company will focus on product development in the automotive parts, aerospace, and mold industries, targeting high-speed, high-precision, and flexible intelligent products[112]. Risk Management - The company has outlined various risks and countermeasures in its report, emphasizing the importance of investor awareness regarding potential investment risks[8]. - The company faces risks from economic cycles affecting demand in the machine tool sector, which is closely tied to fixed asset investments in downstream industries[113]. - The company is committed to optimizing management, product innovation, and quality improvement to achieve sustainable growth in a competitive market[110]. Environmental Compliance - The company has established a wastewater treatment station that meets the discharge standards, ensuring compliance with environmental regulations[179]. - The company reported no exceedance in pollutant discharge limits for wastewater, waste gas, and noise levels[178]. - The total amount of hazardous waste disposed of includes 56.48 tons of phosphating sludge and 24.68 tons of waste paint barrels[178]. - The company has implemented a third-party monitoring scheme for wastewater and air emissions, ensuring all pollutants are within legal limits[184]. - The company is classified as a key pollutant discharge unit by the local environmental protection department, with specific monitoring and compliance measures in place[176]. - The company has developed emergency response plans for environmental incidents, which have been filed with local environmental authorities[183]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 20,279, an increase from 20,203 at the end of the previous month[190]. - The top ten shareholders hold a total of 201,986,000 shares, representing 38.69% of the total shares[193]. - The second largest shareholder, Anson Asia (Hong Kong) Limited, holds 194,074,000 shares, accounting for 37.18%[193]. - The largest shareholder, Ningbo Haitian Co., Ltd., has not changed its holdings during the reporting period[193]. - The company has no preferred shareholders with restored voting rights[193]. - The company has no significant changes in its shareholder structure or asset and liability structure during the reporting period[190]. Audit and Compliance - The company has received a standard unqualified audit report from its accounting firm, ensuring the accuracy of its financial statements[5]. - The company has not faced any risks of suspension or termination of its listing during the reporting period, reflecting a solid compliance status[156]. - The company has not encountered any significant accounting errors or changes in accounting estimates during the reporting period, ensuring consistency in financial reporting[152]. - The company has maintained a good integrity status, with no significant debts or court judgments outstanding during the reporting period[156].

2018 年第三季度报告 公司代码：601882 公司简称：海天精工 宁波海天精工股份有限公司 2018 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人张静章、主管会计工作负责人俞盈及会计机构负责人（会计主管人员）俞盈保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 2018 年第三季度报告 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(%) | | | ...

2018 年半年度报告 公司代码：601882 公司简称：海天精工 宁波海天精工股份有限公司 2018 年半年度报告 1 / 146 2018 年半年度报告 本报告中所涉及的未来计划、发展战略等前瞻性描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。 重要提示 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 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 否 不适用 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 六、 前瞻性陈述的风险声明 √适用 □不适用 公司已在本报告中详细阐述公司在生产经营过程中可能面临的各种风险及应对措施，敬请查 阅 "第四节 经营情况的讨论与分析"之"二、其他披露事项"中"（二）可能面对的风险"。 敬请投资者注意投资风险。 十、 其他 □适用 √不适用 2 / 146 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、 公司负责人张静章、主管会计工作 ...

Financial Performance - Net profit attributable to shareholders increased by 24.77% to CNY 13,841,006.09 year-on-year[6] - Operating revenue rose by 18.34% to CNY 294,179,933.56 compared to the same period last year[6] - Basic earnings per share increased by 24.41% to CNY 0.0265[6] - The net profit after deducting non-recurring gains and losses increased by 25.60% to CNY 12,764,468.28[6] - The company experienced a 137.14% increase in minority interest profit to RMB 579,107.50 from RMB 244,201.06, driven by improved profitability of its subsidiary[22] - The net profit for Q1 2018 was CNY 14,420,113.59, representing a 27.5% increase from CNY 11,336,974.70 in Q1 2017[36] - Net profit for Q1 2018 reached CNY 13,603,252.66, a significant increase from CNY 1,120,278.05 in Q1 2017, representing a growth of 1,116.5%[39] - Total comprehensive income for Q1 2018 was CNY 13,603,252.66, a significant increase from CNY 1,120,278.05 in the previous year[39] Revenue and Costs - The total operating revenue for Q1 2018 was CNY 294,179,933.56, an increase of 18.4% compared to CNY 248,587,594.92 in the same period last year[35] - The total operating costs for Q1 2018 amounted to CNY 277,362,245.25, up 16.9% from CNY 237,273,302.06 in Q1 2017[36] - Operating revenue for Q1 2018 was CNY 299,745,141.56, an increase of 18.9% compared to CNY 251,938,752.56 in the same period last year[38] Assets and Liabilities - Total assets increased by 6.39% to CNY 2,260,591,875.85 compared to the end of the previous year[6] - The total assets as of March 31, 2018, were CNY 2,121,837,287.89, compared to CNY 1,992,948,978.48 at the beginning of the year, reflecting a growth of 6.5%[34] - The total liabilities as of March 31, 2018, were CNY 991,115,194.94, an increase of 13.1% from CNY 876,087,915.02 at the start of the year[34] - The total equity attributable to shareholders of the parent company was CNY 1,130,722,092.95, up from CNY 1,116,861,063.46 at the beginning of the year, indicating a growth of 1.2%[34] Cash Flow - Net cash flow from operating activities improved significantly, with a reduction in outflow of 85.26% to -CNY 2,868,196.56[6] - Operating cash flow improved by 85.26% to RMB -2,868,196.56 from RMB -19,461,523.25, driven by increased sales collections[22] - Cash flow from operating activities showed a net outflow of CNY 2,868,196.56, an improvement from a net outflow of CNY 19,461,523.25 in the same period last year[43] - Total cash inflow from operating activities was 294,694,599.21 RMB, up from 199,327,874.13 RMB year-over-year, representing an increase of approximately 47.8%[44] - Cash outflow from operating activities increased to 303,307,040.04 RMB from 233,325,419.10 RMB, marking a rise of about 29.9%[44] Shareholder Information - The total number of shareholders reached 24,909 at the end of the reporting period[10] - The largest shareholder, Ningbo Haitian Co., Ltd., holds 38.69% of shares[11] Government Subsidies and Tax - The company received government subsidies amounting to CNY 1,306,426.17, primarily related to deferred income[8] - Income tax expenses increased by 76.71% to RMB 3,593,821.13 from RMB 2,033,721.47, reflecting higher income and profitability[21] - The company paid 22,967,307.05 RMB in taxes, significantly higher than 5,420,611.23 RMB in the previous year, representing an increase of about 323.5%[44] Investment Activities - The net cash flow from investment activities decreased by 66.33% to RMB -5,119,333.68 from RMB -15,204,353.51, due to reduced equipment investment compared to the previous year[23] - The total cash outflow for investment activities was 43,338,829.26 RMB, down from 65,425,061.08 RMB, showing a decrease of approximately 33.8%[45] Other Financial Metrics - The weighted average return on net assets increased by 0.16 percentage points to 1.18%[6] - The company reported a significant decrease of 53.31% in interest receivables to RMB 263,250.00 from RMB 563,875.00, due to reduced interest from matured deposits[14] - The company incurred financial expenses of CNY 2,750,279.27, slightly up from CNY 2,644,806.31 in the previous year[38] - The company received tax refunds amounting to CNY 1,705,021.58, compared to CNY 2,336,461.70 in the same period last year[42] - The company reported a decrease in asset impairment losses to CNY 2,664,454.22 from CNY 8,286,591.52 in the previous year, indicating improved asset management[38]

Financial Performance - The company's operating revenue for 2017 was CNY 1,280,873,412.28, representing a year-on-year increase of 27.07% compared to CNY 1,008,009,636.99 in 2016[20]. - The net profit attributable to shareholders of the listed company reached CNY 102,924,357.56, a significant increase of 62.66% from CNY 63,277,361.88 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 85,934,461.53, which is an increase of 84.18% compared to CNY 46,656,942.99 in 2016[20]. - Cash flow from operating activities amounted to CNY 243,755,525.63, reflecting a growth of 33.41% from CNY 182,710,034.99 in the previous year[20]. - Basic earnings per share increased by 53.85% to CNY 0.20 in 2017 from CNY 0.13 in 2016[21]. - Diluted earnings per share also rose by 53.85% to CNY 0.20 in 2017 compared to CNY 0.13 in 2016[21]. - The weighted average return on equity increased by 2.87 percentage points to 9.2% in 2017 from 6.33% in 2016[21]. - The net profit attributable to shareholders for Q4 2017 was CNY 27,576,961, showing a significant increase from CNY 11,092,773.64 in Q1 2017[23]. - The total revenue for Q4 2017 reached CNY 358,153,970.91, marking a growth compared to CNY 248,587,594.92 in Q1 2017[23]. Assets and Liabilities - As of the end of 2017, total assets were CNY 2,124,908,387.00, a 10.89% increase from CNY 1,916,174,835.27 at the end of 2016[20]. - The net assets attributable to shareholders of the listed company were CNY 1,164,212,162.73, which is a 7.72% increase from CNY 1,080,785,045.92 in 2016[20]. - Total current liabilities rose to CNY 862,087,940.71 from CNY 738,157,054.63, reflecting an increase of about 16.8%[183]. - The company's total liabilities increased to CNY 1,724,175,870.71 from CNY 1,476,314,723.26, reflecting a growth of approximately 16.8%[183]. - The company's equity as of December 31, 2017, was CNY 400,732,516.29, up from CNY 439,860,111.01, indicating a decrease of about 8.9%[183]. Cash Flow - The operating cash flow net amount was CNY 243,755,525.63, representing a 33.41% increase year-on-year[48]. - Cash outflow from investment activities totaled CNY 121,380,104.85, compared to CNY 85,326,030.33 in the previous year, resulting in a net cash flow from investment activities of -CNY 119,494,315.94[198]. - Cash inflow from financing activities was CNY 288,000,000.00, down 41% from CNY 487,800,000.00 in the previous year[198]. - Net cash flow from financing activities was -CNY 109,424,800.97, compared to -CNY 59,537,691.25 in the previous year, indicating increased cash outflows[198]. Research and Development - The company’s R&D expenditure was CNY 54,114,192.96, up 14.05% compared to the previous year[48]. - The company’s R&D expenses increased due to continuous investment in research and development[50]. - R&D expenses accounted for 4.22% of total operating revenue[64]. - The number of R&D personnel is 239, making up 15.82% of the total workforce[64]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.60 per 10 shares, totaling CNY 31,320,000 to shareholders[5]. - The company plans to distribute cash dividends of at least 33% of the distributable profits each year[90]. - In 2017, the company plans to distribute cash dividends of 0.60 RMB per 10 shares, totaling 31,320,000 RMB, with a net profit of 102,924,357.56 RMB, resulting in a payout ratio of 30.43%[94]. Market and Competitive Position - The company focuses on high-end CNC machine tools, aiming for import substitution and industry leadership through customized design and comprehensive services[28]. - The company plans to continue expanding its market presence and product offerings in response to favorable market conditions[54]. - The company aims to expand its market presence, particularly targeting emerging markets in Southeast Asia, South Asia, the Middle East, and South America[83]. - The company is exploring potential mergers and acquisitions to bolster its market position and capabilities[142]. Governance and Compliance - The board of directors has confirmed the authenticity and completeness of the annual report, taking legal responsibility for any misrepresentation[8]. - The company received a standard unqualified audit opinion from its accounting firm, ensuring the accuracy and completeness of the financial report[4]. - The company has not reported any significant risks identified by the supervisory board during the reporting period[163]. - The company has not disclosed any major differences in governance compared to the requirements of the China Securities Regulatory Commission[161]. Employee and Management - Total compensation for all directors, supervisors, and senior management amounted to 3.78 million yuan[147]. - The company employed a total of 1,511 staff, with 1,471 in the parent company and 40 in major subsidiaries[148]. - The company established a comprehensive salary and benefits system, combining fixed and performance-based compensation[149]. - The training program includes various aspects such as corporate culture, leadership, and professional skills, with participation linked to performance evaluations[151]. Future Outlook - Future outlook remains positive with expectations for continued growth in market share and revenue[142]. - Financial guidance for the upcoming quarters suggests a cautious but optimistic approach to revenue targets[142]. - The management emphasized the importance of innovation in driving future growth and sustainability[142].

2017 年第三季度报告 公司代码：601882 公司简称：海天精工 1 / 22 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 2017 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人张静章、主管会计工作负责人陈云及会计机构负责人（会计主管人员）俞盈保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 宁波海天精工股份有限公司 2017 年第三季度报告 2.1 主要财务数据 3 / 22 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 2,151,734,114.81 1,916,174,835.27 12.29 归属于上市公司股 东的净资产 1 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥595,988,051.87, representing a 15.20% increase compared to ¥517,351,491.08 in the same period last year[19] - The net profit attributable to shareholders for the first half of 2017 was ¥48,516,823.67, a 25.53% increase from ¥38,650,542.93 in the previous year[19] - The net cash flow from operating activities was ¥112,035,676.77, up 24.48% from ¥90,003,101.81 in the same period last year[19] - The total assets at the end of the reporting period were ¥2,052,056,910.35, reflecting a 7.09% increase from ¥1,916,174,835.27 at the end of the previous year[19] - The net assets attributable to shareholders increased by 2.68% to ¥1,109,704,362.30 from ¥1,080,785,045.92 at the end of the previous year[19] - Basic earnings per share for the first half of 2017 were ¥0.0929, a 12.88% increase from ¥0.0823 in the same period last year[20] - The weighted average return on equity increased to 4.43%, up 0.51 percentage points from 3.92% in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥35,807,541.42, a significant increase of 46.53% from ¥24,437,763.91 in the same period last year[19] Revenue and Costs - The operating cost increased by 17.13% to ¥447,733,050.07 from ¥382,261,091.79, primarily due to the growth in revenue[51] - Total operating costs amounted to ¥549,666,801.64, up 11.5% from ¥492,785,728.20 year-on-year[116] Market and Industry Insights - The company focuses on high-end CNC machine tools, including CNC gantry machining centers, CNC horizontal machining centers, CNC horizontal lathes, CNC vertical machining centers, and CNC vertical lathes[25] - In the first half of 2017, the production of metal cutting machine tools in China reached 399,000 units, a year-on-year increase of 8.7%[31] - The demand for railway locomotives in China increased by 23.9% year-on-year in the first five months of 2017, indicating strong market growth potential[33] - The engineering machinery sector saw a 100.5% year-on-year increase in sales in the first half of 2017, reflecting robust demand for new equipment[34] - The automotive industry in China maintained a production and sales volume of 13.52 million and 13.35 million vehicles, respectively, in the first half of 2017, with a year-on-year growth of 4.64% and 3.81%[36] Research and Development - The company has obtained 248 patents and collaborates with domestic research institutions for technology development, positioning itself as a leading CNC machine tool manufacturer in China[40] - Research and development expenses increased by 15.84% to ¥25,528,090.48, reflecting the company's commitment to innovation[51] - The company has filed for 13 invention patents and 27 utility model patents, in addition to having 12 invention patents and 16 utility model patents authorized during the reporting period[46] Risks and Challenges - The company has outlined various risks and countermeasures in its report, urging investors to be cautious about investment risks[7] - The company faces risks from economic cycles affecting the machine tool industry, which is heavily influenced by fixed asset investment trends[70] - The machine tool industry is characterized by intense competition, particularly from high-end CNC machine tool manufacturers from Japan and South Korea[70] - The company is exposed to risks related to buyer's credit settlement methods, which may require it to fulfill joint guarantee responsibilities if customers default[71] Shareholder and Corporate Governance - No profit distribution or capital reserve transfer plans were proposed for the half-year period[74] - The company shareholders, including major stakeholders, committed not to transfer or entrust the management of their shares for 36 months post-IPO[76] - Other shareholders pledged not to transfer their shares for 12 months following the company's IPO[76] - Shareholders and senior management agreed that any reduction in shareholding within 2 years post-lockup must not be below the IPO price, with an automatic extension of the lockup period if certain price conditions are met[77] - The company has established measures to prevent competition from its controlling shareholders and related parties, ensuring no conflicts of interest arise[78] - Transactions between the company and its controlled entities will adhere to principles of equality and fairness, ensuring the protection of the issuer's rights[78] Financial Position - Total current assets increased to ¥1,206,552,645.02, up from ¥1,081,549,166.78, representing a growth of approximately 11.6%[110] - Total liabilities increased to ¥940,183,680.30 from ¥833,360,365.16, reflecting a growth of approximately 12.8%[112] - Current liabilities totaled ¥842,655,351.77, up from ¥738,157,054.63, indicating an increase of around 14.2%[111] - The company's cash and cash equivalents increased to ¥277,024,428.57 from ¥242,902,906.58, a rise of approximately 14.0%[110] - Accounts receivable decreased to ¥84,332,264.46 from ¥118,194,968.83, a decline of about 28.7%[110] Accounting Policies - The financial statements are prepared in accordance with the accounting standards and reflect the company's financial position and operating results accurately[148] - The company's accounting policies and estimates are tailored to its actual production and operational characteristics[147] - The company recognizes goodwill in business combinations when the acquisition cost exceeds the fair value of identifiable net assets[157] - The company applies the fair value measurement for financial instruments, with changes recognized in current profit or loss[167] Inventory Management - The company applies a perpetual inventory system for inventory management[189] - Inventory is valued using the moving average method for raw materials and self-made semi-finished products, while finished goods are valued using the individual identification method[187] - The net realizable value of inventory is determined based on estimated selling prices minus estimated costs and related taxes[188]

2017 年第一季度报告 公司代码：601882 公司简称：海天精工 宁波海天精工股份有限公司 2017 年第一季度报告 1 / 19 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2017 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 2,009,756,816.47 | 1,916,174,835.27 | | 4.88 | | 归属于上市公司 | 1,092,183,580.94 | 1,080,785,045.92 | | 1.05 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -19,461, ...

Financial Performance - The company's operating revenue for 2016 was CNY 1,008,009,636.99, representing a 1.68% increase compared to CNY 991,386,707.06 in 2015[20] - The net profit attributable to shareholders for 2016 was CNY 63,277,361.88, an increase of 8.32% from CNY 58,418,153.91 in the previous year[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,656,942.99, which is a 36.92% increase from CNY 34,076,680.83 in 2015[20] - The net cash flow from operating activities for 2016 was CNY 182,710,034.99, showing a significant increase of 100.13% compared to CNY 91,294,023.91 in 2015[20] - The total assets at the end of 2016 were CNY 1,916,174,835.27, reflecting a 5.01% increase from CNY 1,824,802,405.51 at the end of 2015[20] - The net assets attributable to shareholders at the end of 2016 were CNY 1,080,785,045.92, which is an 11.04% increase from CNY 973,334,357.26 in 2015[20] - The basic earnings per share for 2016 were CNY 0.1322, a 6.36% increase from CNY 0.1243 in 2015[21] - The diluted earnings per share for 2016 were also CNY 0.1322, consistent with the basic earnings per share[21] - The basic earnings per share after deducting non-recurring gains and losses was CNY 0.0975, representing a 34.48% increase from CNY 0.0725 in 2015[21] Cash Flow and Investments - The net cash flow from operating activities increased by 100.13% to CNY 182,710,034.99, primarily due to an increase in operating payables and a decrease in inventory[58] - Net cash flow from investing activities decreased by 1,194.93% to CNY -84,671,981.94, mainly due to increased investment in smart manufacturing projects[58] - Net cash flow from financing activities improved by 41.55% to CNY -59,537,691.25, attributed to reduced fundraising and borrowing[58] - Research and development expenses were CNY 47,447,898.15, a slight decrease of 1.40% compared to the previous year[57] Market and Industry Insights - The company focuses on high-end CNC machine tools, with a business model centered on customized design and large-scale production[28] - The company aims to replace imports and gain a competitive edge in the high-end CNC machine tool market[29] - The company has identified rapid growth in downstream industries such as general aviation, with a projected annual growth rate of approximately 19%[35] - The government has set a target to establish over 500 general airports and increase the number of general aviation aircraft to over 5,000 by 2020[36] - The railway locomotive production in China saw a significant decline of 43.3% in 2016, indicating a large demand space for railway locomotives due to ongoing high investment in railway infrastructure[37] - The sales of major engineering machinery products in China increased by 10.2% year-on-year, with a notable 20% growth in sales of graders and excavators[38] - The automotive industry in China experienced a production and sales growth of 14.46% and 13.65% respectively in 2016, indicating a stable economic operation with significant growth in key indicators[39] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.38 per 10 shares, totaling CNY 19,836,000 to shareholders[2] - The company has set a cash dividend policy to distribute at least 33% of the distributable profits as cash dividends annually[91] - In the event of significant investments exceeding 200 million yuan, the cash dividend proportion must be at least 40%[92] - The cash dividend distribution is part of the company's broader strategy to manage retained earnings and future investment returns[94] - The company’s retained earnings will be carried forward to the next fiscal year, indicating a focus on long-term growth[94] Strategic Plans and Future Outlook - The company plans to enhance its product series in high-end CNC machine tools and strengthen new product development in 2017[83] - The company aims to expand its sales network domestically and internationally, particularly targeting emerging markets in Southeast Asia, South Asia, the Middle East, and South America[85] - The company will invest in top-tier precision processing equipment to establish a world-class precision manufacturing base, enhancing product competitiveness and profitability[85] - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming to reach $1.875 billion[100] - New product launches are expected to contribute an additional $300 million in revenue, with a focus on innovative technology solutions[100] - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 1 billion yuan allocated for potential deals[104] Operational Efficiency and Management - The company is committed to improving internal management through ERP systems to enhance supply chain efficiency and optimize management processes[85] - The company aims to improve operational efficiency, targeting a 10% reduction in costs over the next fiscal year[100] - The company has established a competitive fixed salary standard based on industry levels and performance indicators[151] - The training program includes various aspects such as corporate culture, leadership, and professional skills, with a focus on employee development[153] - The company has a comprehensive remuneration and performance evaluation system to encourage employee contributions[151] Compliance and Governance - The financial statements were audited and deemed to fairly reflect the company's financial position as of December 31, 2016, in accordance with accounting standards[172] - The company has not disclosed any significant internal control deficiencies during the reporting period[165] - The board of directors convened 5 meetings, with all directors fulfilling their duties diligently and no instances of consecutive absences[157] - The supervisory board held 4 meetings, with all supervisors performing their responsibilities independently and in compliance with laws[158]