Financial Performance - The company's operating revenue for the first half of 2019 was CNY 517,380,905.48, a decrease of 22.79% compared to CNY 670,120,765.73 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2019 was CNY 35,222,621.48, down 32.92% from CNY 52,511,658.21 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 18,739,141.64, a decline of 55.19% compared to CNY 41,822,388.24 in the previous year[21]. - The net cash flow from operating activities was CNY 136,438,358.16, a decrease of 5.02% from CNY 143,654,090.95 in the same period last year[21]. - Basic earnings per share for the first half of 2019 were CNY 0.0675, down 32.9% from CNY 0.1006 in the same period last year[24]. - The diluted earnings per share were also CNY 0.0675, reflecting the same percentage decrease of 32.9%[24]. - The weighted average return on net assets decreased to 2.83%, down 1.62 percentage points from 4.45% in the previous year[24]. - The company reported a total profit for the first half of 2019 of approximately ¥43.04 million, a decrease of 30.7% from ¥62.15 million in the first half of 2018[148]. - The total comprehensive income for the first half of 2019 was approximately ¥34.79 million, a decrease of 34.9% from ¥53.30 million in the same period of 2018[150]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,155,184,556.26, an increase of 1.27% from CNY 2,128,152,308.85 at the end of the previous year[21]. - The total liabilities reached CNY 912,794,883.11, compared to CNY 889,667,397.43 at the end of 2018, indicating a rise in liabilities[137]. - The total equity attributable to shareholders was CNY 1,242,389,673.15, slightly up from CNY 1,238,484,911.42[137]. - The company's cash and cash equivalents decreased to CNY 229,818,601.56 from CNY 270,529,856.01[131]. - The company's total current assets increased to CNY 1,387,011,835.61 from CNY 1,316,158,631.78, indicating a growth of approximately 5.4%[131]. Operational Strategy - The company focuses on high-end CNC machine tools, including CNC gantry machining centers and CNC lathes, with a strong emphasis on customized design and large-scale production[29]. - The company adopts a "sales-driven production" model, tailoring production based on customer orders and specific requirements[34]. - The company has improved customer service quality over the years, receiving positive feedback for its pre-sale, in-sale, and after-sale services[42]. - The company utilizes a mixed procurement strategy, combining centralized and decentralized purchasing methods to optimize supply chain efficiency[33]. - The company aims to maintain low operational costs while providing high-quality services, leveraging its local presence for faster response times compared to international competitors[42]. Market Conditions - The CNC machine tool industry in China is experiencing downward pressure due to trade tensions and a sluggish automotive market, impacting demand[37]. - The company faces various operational risks, which are detailed in the report, and investors are advised to pay attention to these risks[7]. - The company is exposed to competition risks from both domestic and international high-end CNC machine tool manufacturers, necessitating continuous technological advancements[65]. Shareholder Commitments - The company did not propose any profit distribution or capital reserve increase for the half-year period ending June 30, 2019[70]. - The company has committed to a 36-month lock-up period for shareholders, during which they will not transfer or manage their shares[73]. - Shareholders have pledged that any reduction in their holdings within two years after the lock-up period will not be below the initial offering price adjusted for dividends and other rights[73]. - The company has established a long-term commitment to avoid any direct or indirect competition with its subsidiaries[78]. - The company has ensured that any cash dividends owed will be withheld if there are violations related to share reductions[76]. Environmental Compliance - The company has established a wastewater treatment station, ensuring that wastewater discharge meets the required standards[105]. - The company employs activated carbon adsorption for exhaust gas treatment, with emissions released at a height of 15 meters[105]. - The company has implemented measures to control noise emissions, ensuring compliance with standards[108]. - The company has conducted environmental impact assessments prior to project construction and obtained pollution discharge permits[109]. - The company commissions qualified third-party monitoring agencies to conduct annual monitoring of wastewater, exhaust gas, and noise levels[111]. Corporate Governance - The financial statements were approved by the company's board of directors on August 19, 2019[200]. - The company has not faced any issues regarding the integrity of its major shareholders or actual controllers during the reporting period[91]. - The company has established a long-term commitment to fair trading practices to protect its legitimate rights and interests[82]. - The company has retained the auditing firm for the 2019 financial year, ensuring ongoing compliance and oversight of financial reporting[90].

Financial Performance - Net profit attributable to shareholders of the listed company was ¥10,800,884.50, a decrease of 21.96% year-on-year[12]. - Operating revenue for the period was ¥249,986,433.85, down 15.02% from the same period last year[12]. - Basic and diluted earnings per share were both ¥0.0207, down 21.89% from ¥0.0265 in the previous year[12]. - Net profit for Q1 2019 was ¥10,800,884.50, a decline of 25.5% from ¥14,420,113.59 in Q1 2018[48]. - Total operating revenue for Q1 2019 was ¥249,986,433.85, a decrease of 15% compared to ¥294,179,933.56 in Q1 2018[45]. - Total operating costs for Q1 2019 were ¥240,325,327.27, down 13.4% from ¥277,362,245.25 in Q1 2018[45]. - The total comprehensive income for Q1 2019 was ¥10,647,982.83, down from ¥14,222,029.59 in Q1 2018[48]. - The total comprehensive income for the first quarter of 2019 was CNY 18,163,778.33, compared to CNY 13,603,252.66 in the same period of 2018, representing an increase of approximately 33.5%[51]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,147,639,581.69, an increase of 0.92% compared to the end of the previous year[12]. - Total assets increased from 2,128,152,308.85 to 2,147,639,581.69[34]. - Total current liabilities increased from 793,246,581.14 to 805,135,091.10[34]. - Total liabilities increased to ¥898,089,927.69 from ¥889,667,397.43, reflecting a growth of approximately 0.5%[36]. - Current assets totaled ¥1,406,226,878.07, up from ¥1,386,944,811.78, indicating an increase of about 1.0%[40]. - Total non-current assets amounted to ¥635,997,711.05, down from ¥652,419,668.91, reflecting a decrease of about 2.5%[40]. - The retained earnings increased to ¥350,294,475.34 from ¥332,130,697.01, reflecting a growth of about 5.5%[43]. Cash Flow - Net cash flow from operating activities was ¥1,503,784.12, a significant increase of 152.43% compared to a negative cash flow of ¥2,868,196.56 in the previous year[12]. - Net cash flow from operating activities improved by 152.43% from -2,868,196.56 to 1,503,784.12 due to increased sales collections[25]. - Net cash flow from investing activities worsened by 1015.85% from -5,119,333.68 to -57,124,020.36 due to the purchase of financial products[25]. - The net cash flow from investment activities was CNY -57,124,020.36, compared to CNY -5,119,333.68 in the same period last year, indicating a larger outflow[57]. - The company’s total cash outflow for financing activities was CNY 82,001,966.65, resulting in a net cash flow of CNY -2,001,966.65 for the first quarter of 2019[57]. - Cash inflow from operating activities totaled CNY 326,163,553.76, up from CNY 303,243,673.26 year-over-year, indicating a growth of about 7.6%[55]. - Cash outflow from operating activities was CNY 324,659,769.64, compared to CNY 306,111,869.82 in the previous year, reflecting an increase of approximately 6.0%[55]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,369[18]. - The largest shareholder, Ningbo Haitian Co., Ltd., held 201,986,000 shares, accounting for 38.69% of the total shares[18]. - The second largest shareholder, Anxin Asia (Hong Kong) Limited, held 194,074,000 shares, representing 37.18%[18]. - The total equity attributable to shareholders was ¥1,209,149,369.25, an increase from ¥1,190,789,493.44 in the previous year[45]. Expenses - Sales expenses decreased by 30.40% from 21,678,734.84 to 15,087,946.16 due to reduced sales service fees[25]. - Financial expenses decreased by 67.39% from 2,709,780.38 to 883,640.04 as the company repaid loans and incurred lower interest expenses[25]. - Research and development expenses for Q1 2019 were ¥13,262,312.93, a decrease of 7.5% from ¥14,338,581.95 in Q1 2018[45]. - Other income for Q1 2019 was ¥2,093,150.32, compared to ¥2,347,451.70 in Q1 2018, reflecting a decrease of 10.8%[45]. - The company paid CNY 55,923,082.16 in employee compensation during the first quarter of 2019, down from CNY 61,794,335.03 in the same period of 2018, reflecting a decrease of approximately 9.0%[55].

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(%) | | | ...

Financial Performance - The company's operating revenue for the first half of 2018 was RMB 670,120,765.73, representing a 12.44% increase compared to RMB 595,988,051.87 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was RMB 52,511,658.21, an increase of 8.23% from RMB 48,516,823.67 in the previous year[17]. - The net cash flow from operating activities was RMB 143,654,090.95, showing a significant increase of 28.22% compared to RMB 112,035,676.77 in the same period last year[18]. - The total assets at the end of the reporting period were RMB 2,352,911,535.84, which is a 10.73% increase from RMB 2,124,908,387.00 at the end of the previous year[18]. - The basic earnings per share for the first half of 2018 was RMB 0.1006, up 8.29% from RMB 0.0929 in the same period last year[19]. - The weighted average return on net assets was 4.45%, slightly increasing by 0.02 percentage points from 4.43% in the previous year[19]. - The net profit after deducting non-recurring gains and losses was RMB 41,822,388.24, which is a 16.80% increase from RMB 35,807,541.42 in the same period last year[17]. - The company's net assets attributable to shareholders at the end of the reporting period were RMB 1,185,945,382.56, reflecting a 1.87% increase from RMB 1,164,212,162.73 at the end of the previous year[18]. - The company reported a net profit of 1.5 billion RMB for the first half of 2018, representing a year-on-year increase of 20%[67]. - The company reported a total comprehensive income for the first half of 2018 of CNY 53,304,617.46, compared to CNY 48,559,902.76 in the same period last year, indicating a growth of 9.5%[109]. Cash Flow and Investments - The net cash flow from investment activities improved by 77.19%, with a reduction in equipment investment compared to the previous year[41]. - The company reported a decrease in cash outflow for investing activities totaling ¥99,582,376.86, down from ¥212,880,589.78, reflecting a decrease of approximately 53.3%[118]. - The net cash flow from financing activities was -¥98,113,468.89, worsening from -¥76,755,798.99 in the previous period[118]. - The ending balance of cash and cash equivalents increased to ¥159,622,735.02, compared to ¥104,401,632.67 at the end of the previous period, showing a growth of approximately 52.9%[118]. - The company reported a total cash inflow from operating activities of ¥802,594,122.90, compared to ¥621,976,144.97 in the same period last year, indicating a year-over-year increase of about 29.0%[117]. Market and Product Development - The company focuses on high-end CNC machine tools, including various models such as CNC gantry machining centers and CNC lathes, indicating a diverse product range[23]. - The CNC machine tool market in China showed a total consumption of $29.97 billion in 2017, with a year-on-year growth of 7.5%[30]. - The company aims to optimize its product series with a focus on modularization and standardization, enhancing scale efficiency[34]. - The company has introduced a new product line that is expected to contribute an additional 500 million RMB in revenue over the next year[67]. - The company expects revenue growth of 25% for the next fiscal year, driven by new product launches and market expansion strategies[69]. Research and Development - Research and development expenses increased by 32.39% to ¥33,795,703.34, indicating a focus on innovation[41]. - Research and development expenses increased by 30% to 300 million RMB, focusing on innovative technologies and product enhancements[67]. - The company holds 270 patents and collaborates with domestic research institutions, positioning itself as a leading innovator in CNC machine tool development[32]. Risk Management - The company has outlined various risks and countermeasures in its report, emphasizing the importance of investor awareness regarding investment risks[5]. - The company faces risks from economic cycles affecting fixed asset investments in the machine tool industry, which could impact supply and demand[54]. - The company is exposed to intense competition in the CNC machine tool sector, particularly from high-end manufacturers in Germany and Japan[55]. - The company emphasizes risk control in buyer credit operations while maintaining a balanced and stable operational style[35]. Shareholder and Governance - As of the report date, the company has not proposed any profit distribution or capital reserve increase plans for the half-year period[59]. - The actual controller and shareholders committed not to transfer or entrust the management of their shares for 36 months from the date of the company's stock listing[60]. - Shareholders committed that any reduction in their holdings within 2 years after the lock-up period will not be below the issuance price adjusted for dividends and other rights[60]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[72]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the Ningbo Environmental Protection Department, with main pollutants including wastewater, waste gas, solid waste, and noise[78]. - Wastewater discharge meets the standard with COD at 350 mg/L against a limit of 500 mg/L, and ammonia nitrogen at 0.084 mg/L against a limit of 35 mg/L[78]. - The company has a self-built wastewater treatment plant that effectively removes pollutants, ensuring compliance with discharge standards[79]. - The company has established emergency response plans for environmental incidents, which have been filed with local environmental authorities[81]. - The company conducts annual environmental monitoring through third-party agencies, confirming that all pollutants are within acceptable limits[82]. Accounting and Financial Reporting - The company has a robust accounting policy framework in place, adhering to the enterprise accounting standards, ensuring transparency and accuracy in financial reporting[135]. - The company's financial statements have been approved by the board of directors, ensuring compliance with regulatory requirements and governance standards[132]. - The company recognizes goodwill for the difference between the fair value of identifiable net assets acquired in a business combination and the cost of the combination[140]. - The company applies the fair value measurement for financial instruments, recognizing changes in fair value in current profit or loss[156].

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, ...