Financial Performance - Net profit attributable to shareholders of the listed company was ¥69,900,792.61, a significant recovery from a loss of ¥5,095,633.06 in the same period last year[18]. - Operating revenue for the year-to-date (January to September) was ¥957,031,721.88, representing a growth of 27.15% year-on-year[18]. - The weighted average return on net assets increased by 2.55 percentage points to 2.38%[18]. - Net profit attributable to the parent company increased by 1471.78% to ¥69,900,792.61 from a loss of ¥5,095,633.06, driven by higher operating income and improved gross margin[31]. - Net profit for Q3 2019 was ¥25,946,458.68, compared to ¥1,397,634.43 in Q3 2018, indicating a significant improvement[59]. - The company reported a total comprehensive income of ¥34,623,220.55 for Q3 2019, significantly higher than ¥11,173,452.68 in Q3 2018[70]. - The total profit for the first three quarters of 2019 was ¥85,540,631.72, compared to ¥31,353,927.49 in the same period of 2018[67]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,955,966,066.36, an increase of 4.77% compared to the end of the previous year[18]. - Total liabilities amounted to ¥888,271,360.26, compared to ¥778,153,858.98, showing an increase of approximately 14.14%[45]. - Current liabilities decreased to ¥499,545,393.20 from ¥702,875,234.42, a reduction of about 29%[45]. - Total assets increased to ¥4,081,380,817.15 from ¥3,733,032,580.76, indicating a growth of 9.3%[54]. - Total current liabilities were approximately $944.07 million, with accounts payable at $112.42 million and short-term borrowings at $300 million[91]. - The company’s total liabilities to total assets ratio stands at approximately 20.6%, indicating a relatively low leverage[84]. Cash Flow - The net cash flow from operating activities was negative at ¥816,200.67, a decline of 102.48% compared to the same period last year[18]. - Cash flow from operating activities decreased by 102.48% to -¥816,200.67 from ¥32,909,187.92, mainly due to increased material payments[32]. - Investment cash flow improved by 121.00% to ¥57,763,556.00 from -¥275,081,102.20, attributed to different amounts in bank wealth management products[32]. - Cash inflow from operating activities for the first three quarters of 2019 was CNY 1,034,833,355.45, an increase of 31.8% compared to CNY 784,868,866.60 in the same period of 2018[72]. - Net cash flow from investment activities for the first three quarters of 2019 was CNY 57,763,556.00, a significant improvement from CNY -275,081,102.20 in the same period of 2018[75]. - Total cash inflow from operating activities in Q3 2019 was CNY 866,320,526.46, up from CNY 599,454,871.88 in Q3 2018[78]. Shareholder Information - The total number of shareholders at the end of the reporting period was 144,236[24]. - The largest shareholder, Tao Anxiang, holds 27.70% of the shares, totaling 265,793,716 shares[24]. - Shareholders' equity rose to ¥3,067,694,706.10 from ¥2,997,686,698.92, reflecting an increase of about 2.33%[45]. Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[18]. - The company is focusing on expanding its market presence and developing new products, although specific figures were not disclosed in the call[89]. - Future outlook remains positive, with management indicating plans for strategic investments and potential acquisitions to drive growth[89]. - The company is committed to enhancing its financial position and operational efficiency through ongoing technology development and market expansion strategies[89]. Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥7,942,999.49 for the year-to-date[21]. - Sales expenses increased by 52.18% to ¥73,715,807.93 from ¥48,440,571.45, correlating with increased delivery orders and operating income[31]. - Research and development expenses for Q3 2019 were ¥11,497,893.30, compared to ¥10,464,324.96 in Q3 2018, marking a 9.9% increase[55].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥567,953,553.33, representing a 24.23% increase compared to ¥457,162,792.99 in the same period last year[22] - The net profit attributable to shareholders was ¥43,749,031.33, a significant recovery from a loss of ¥7,435,159.36 in the previous year[22] - Basic earnings per share for the first half of 2019 were ¥0.0456, recovering from a loss of ¥0.0077 in the same period last year[22] - The weighted average return on net assets increased by 1.74 percentage points to 1.49% from -0.25% in the previous year[22] - The company achieved a sales revenue of 568 million RMB, representing a year-on-year increase of 24.23%[34] - The net profit attributable to shareholders was 43.75 million RMB, a significant year-on-year increase of 688.47%[34] - The revenue from the marine engineering sector was ¥147,344,454.97, with a gross margin of 32.06%, showing a 64.91% increase in revenue year-on-year[39] - The company reported a significant decrease in net cash flow from investment activities, improving to -¥1,455,479.13 from -¥261,351,448.97, a 99.44% change[37] - The company reported a total comprehensive income of ¥44,061,548.50, a decrease from a loss of ¥15,307,340.58 in the prior year[112] Cash Flow and Liquidity - The net cash flow from operating activities was -¥63,898,577.08, worsening from -¥19,773,009.21 in the same period last year[22] - Cash inflow from operating activities totaled ¥653,772,982.42, compared to ¥486,174,090.79 in the previous year, representing an increase of approximately 34.4%[120] - The ending balance of cash and cash equivalents was ¥492,369,597.04, down from ¥656,916,963.30 in the previous period, indicating a decrease in liquidity[127] - The cash flow from operating activities outflow was primarily driven by increased payments for operating expenses, totaling ¥628,032,082.07, compared to ¥540,693,919.79 previously[125] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,830,200,372.71, a 1.44% increase from ¥3,775,840,557.90 at the end of the previous year[22] - The total liabilities of the company were CNY 788,452,125.29, slightly up from CNY 778,153,858.98, marking an increase of about 0.4%[98] - Accounts receivable increased to CNY 348,902,047.55, up from CNY 287,812,869.02, indicating a growth of about 21.3%[92] - Inventory rose to CNY 628,237,392.16, compared to CNY 573,533,834.93, reflecting an increase of approximately 9.5%[92] Market and Operational Risks - The company faces market risks due to cyclical fluctuations in the shipping and marine engineering industries, which can impact new ship orders and prices[7] - The company exports 60% of its products, making it vulnerable to exchange rate fluctuations, but has engaged in forward foreign exchange contracts to mitigate this risk[7] Research and Development - Research and development expenses rose by 26.71% to ¥29,121,337.57 from ¥22,982,317.64, reflecting investments based on project progress[37] - The company has developed advanced manufacturing and testing equipment, leading to the successful development of high-strength R5 mooring chains, breaking foreign technology monopolies[32] Shareholder Information - The total number of common shareholders reached 152,681 by the end of the reporting period[85] - The largest shareholder, Tao Anxiang, holds 265,793,716 shares, representing 27.70% of the total shares[85] Social Responsibility - The company actively participated in poverty alleviation activities, investing a total of 38.20 million RMB to improve rural living conditions[73] - The company plans to further promote town-enterprise pairing poverty alleviation efforts, emphasizing its commitment to social responsibility[76] Environmental Compliance - The company received an administrative penalty of 50,000 RMB for noise pollution violations during the reporting period[77] - The company is currently implementing corrective measures following the environmental penalty received[77] Accounting Policies and Financial Reporting - The company made significant accounting policy changes, impacting various financial statement items, including a decrease of 331.09 million RMB in accounts receivable[79] - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[136]

Financial Performance - In 2018, the company achieved a revenue of ¥1,037,512,425.34, representing a 1.80% increase compared to ¥1,019,141,116.57 in 2017[25] - The net profit attributable to shareholders of the listed company for 2018 was -¥14,683,223.55, a decrease of 144.25% from ¥33,180,238.76 in 2017[25] - The net cash flow from operating activities was ¥35,298,603.06, compared to -¥8,026,837.94 in 2017[25] - As of the end of 2018, the net assets attributable to shareholders of the listed company were ¥2,905,456,369.66, a decrease of 1.15% from ¥2,939,327,593.21 at the end of 2017[25] - Total assets at the end of 2018 were ¥3,775,840,557.90, down 0.78% from ¥3,805,554,965.36 in 2017[25] - The company reported a net profit attributable to shareholders excluding non-recurring gains and losses of -¥50,233,165.13 for 2018[25] - The company's basic earnings per share for 2018 was -0.015 CNY, a decrease of 142.86% compared to 0.035 CNY in 2017[28] - The net profit attributable to shareholders decreased by 144.25% year-on-year, primarily due to increased raw material steel prices and poor customer payment collections[28] - The company’s weighted average return on equity was -0.50% in 2018, down from 1.13% in 2017, reflecting a significant decline in profitability[28] - The company reported a net profit attributable to shareholders for Q4 2018 was -9,587,590.49 CNY, indicating continued financial challenges[29] Revenue and Sales - The company’s operating revenue for Q3 2018 was 295,537,269.44 CNY, while Q4 revenue was 284,812,362.91 CNY[29] - The total sales revenue for 2018 was 1.038 billion RMB, a year-on-year increase of 1.80%, with a net profit of -14.68 million RMB[47] - The company secured total orders worth 1.681 billion RMB in 2018, representing a 68.27% increase compared to 2017, with ship anchor chains accounting for 1.133 billion RMB and mooring chains for 548 million RMB[50] - The company reported a revenue increase of 9.06% in ship anchor chains, totaling ¥789,379,396.84, with a gross margin of 15.09%[78] - The company’s revenue from marine engineering mooring chains was ¥209,668,205.42, with a gross margin of 28.32%, down 6.85 percentage points from the previous year[78] Production and Capacity - In 2018, the company produced 97,554 tons of ship anchor chains, an increase of 1.18% year-on-year, while production of mooring chains decreased by 20.58% to 20,162 tons[47] - The company’s design capacity for 2018 was 250,000 tons, including 160,000 tons for ship anchor chains and 80,000 tons for offshore oil platform mooring chains[44] - The production volume of marine anchor chains was 97,554 tons, with a sales volume of 113,419 tons, representing a year-on-year increase of 1.18% in production and 4.43% in sales[56] - The company’s mooring chain sales decreased by 23.80% year-on-year, totaling 18,329 tons, reflecting challenges in the offshore engineering sector[47] Costs and Expenses - The average purchase price of steel increased significantly in 2018, leading to a rise in overall product costs and a substantial decline in gross profit margins, which was a major reason for the company's losses[50] - Domestic sales revenue increased by 23.60% year-on-year, while the cost of sales rose by 32.11%, indicating a significant impact on profitability[55] - The total cost of materials in the shipbuilding sector increased by 21.23% to ¥461,367,479.57, representing 68.83% of total costs[57] - The company reported a decrease in financial expenses by 205.68% to -¥17,108,950.53, primarily due to foreign exchange gains[62] Market Risks and Challenges - The company faces significant market risks due to the cyclical nature of the shipping and marine engineering industries, which are influenced by global economic changes[10] - The company has implemented cost control measures to mitigate the impact of raw material price fluctuations on operations[10] - Approximately 60% of the company's products are exported, exposing it to exchange rate risks, which are partially hedged through forward foreign exchange contracts[10] - The company faces market risks due to cyclical fluctuations in the shipping and marine engineering industries, which can impact new ship orders and prices[94] Government Subsidies and Financial Management - Non-recurring gains and losses included government subsidies amounting to 18,190,062.75 CNY in 2018, up from 13,089,579.14 CNY in 2017[32] - The company recorded a government subsidy of ¥18,190,062.75 and investment income from financial products of ¥31,094,634.59, collectively impacting total profit by ¥49,284,697.34[69] - The company’s cash flow from operating activities improved significantly, reaching 35.30 million RMB, compared to a negative cash flow of 8.03 million RMB in the previous year, marking a 539.76% increase[48] Shareholder and Corporate Governance - The company has a shareholder return plan for the years 2018-2020, approved on May 25, 2018, which is currently in effect[103] - The company has appointed Jiangsu Gongzheng Tianye Accounting Firm as its auditor for the year 2018, with an audit fee of RMB 80,000[111] - The integrity of the company and its controlling shareholders is reported to be good, with no significant debts or regulatory penalties[114] - The company maintained independence from its controlling shareholder, ensuring no misuse of resources or conflicts of interest[4] - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[177] Social Responsibility and Community Engagement - The company actively participates in social responsibility initiatives, focusing on poverty alleviation and community support[135] - In 2018, the company allocated 56 million RMB for poverty alleviation efforts, including education and health[134] - The company improved educational resources in impoverished areas with an investment of 2 million RMB[134] - A total of 54 million RMB was invested in other projects aimed at enhancing rural living conditions[134] - The company has helped zero individuals from registered impoverished households to escape poverty during the reporting period[134] Employee Management and Compensation - The total number of employees in the parent company and major subsidiaries is 1,707, with 992 in the parent company and 715 in subsidiaries[170] - The company has implemented a training plan focusing on energy management, safety knowledge, and special equipment safety training to cultivate comprehensive and professional talents[172] - The company has established a remuneration policy that combines individual benefits with company performance to motivate employees[171] - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to 1.994242 million yuan[165] Internal Controls and Compliance - The internal control audit report for 2018 was issued with no discrepancies noted, confirming the effectiveness of internal controls[187] - The company adhered to strict information disclosure regulations, enhancing transparency and protecting shareholder rights[4] - The management evaluated the reasonableness and effectiveness of internal controls related to credit policies and accounts receivable management[196] - The audit opinion stated that the financial statements fairly reflect the company's financial position and results of operations[189]

Financial Performance - Operating revenue for the period was ¥364,112,766.65, representing a significant increase of 63.59% year-on-year[12]. - Net profit attributable to shareholders was ¥24,028,306.64, a turnaround from a loss of ¥8,660,683.57 in the same period last year[12]. - The company's net profit attributable to shareholders reached ¥24,028,306.64, a significant increase of 377.44% compared to the same period last year[24]. - Operating revenue for the first quarter was ¥364,112,766.65, reflecting a year-on-year growth of 63.59% driven by increased delivery orders[21]. - The gross profit margin improved, contributing to a substantial increase in operating profit to ¥28,892,479.15, up 309.16% year-on-year[21]. - Operating profit for Q1 2019 was ¥28,892,479.15, a turnaround from a loss of ¥13,813,650.09 in Q1 2018[42]. - Net profit for Q1 2019 was ¥24,231,184.23, compared to a net loss of ¥14,117,309.65 in Q1 2018[44]. - The total profit for Q1 2019 was approximately ¥24.41 million, a significant increase of 303.5% compared to ¥6.07 million in Q1 2018[47]. Earnings and Shareholder Value - Basic and diluted earnings per share improved to ¥0.0250, compared to a loss of ¥0.0090 per share in the previous year[12]. - The weighted average return on equity increased by 1.12 percentage points to 0.82%[12]. - Total equity rose to ¥2,756,239,335.88 in Q1 2019, up from ¥2,735,488,171.73 in Q1 2018, showing a slight increase in shareholder value[42]. Cash Flow and Liquidity - Net cash flow from operating activities was negative at ¥72,634,169.90, worsening from a negative cash flow of ¥4,236,976.69 in the same period last year[12]. - Cash flow from operating activities showed a net outflow of approximately ¥72.63 million, compared to a net outflow of ¥4.24 million in Q1 2018[54]. - The company reported a decrease in cash and cash equivalents, with a net decrease of ¥91,126,682.23, compared to a decrease of ¥40,895,217.57 in the prior year[59]. - The ending balance of cash and cash equivalents was ¥495,216,530.75, down from ¥919,990,795.39 year-over-year, indicating a significant liquidity contraction[59]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,805,650,231.70, an increase of 0.79% compared to the end of the previous year[12]. - The total assets at the end of the reporting period amounted to ¥2,887,170,571.66, compared to ¥2,843,240,364.79 at the beginning of the year[27]. - Total assets increased to ¥3,895,049,533.21 from ¥3,733,032,580.76, reflecting a growth of approximately 4.35%[37]. - The total liabilities decreased to ¥777,168,842.27 from ¥778,153,858.98, a slight reduction of about 0.13%[33]. - Total liabilities amounted to ¥778,153,858.98, with current liabilities at ¥702,875,234.42[64]. - Non-current liabilities totaled ¥75,278,624.56, including long-term borrowings of ¥6,049,404.98 and deferred income of ¥67,777,678.30[64]. Shareholder Information - The total number of shareholders at the end of the reporting period was 153,759[16]. - The largest shareholder, Tao Anxiang, holds 27.70% of the shares, totaling 265,793,716 shares[16]. Government Support - The company received government subsidies amounting to ¥390,800.00, which are closely related to its normal business operations[15]. Research and Development - Research and development expenses increased to ¥15,667,820.44 in Q1 2019, up from ¥10,774,841.19 in Q1 2018, reflecting a focus on innovation[42]. Investment Activities - Investment income rose to ¥9,842,108.26, marking a year-on-year increase of 109.97% due to higher interest income from financial products[21]. - The company reported a total cash inflow from other investment activities of ¥259,000,000.00, up from ¥230,000,000.00 year-over-year, highlighting a positive trend in investment activities[56]. Future Plans - The company plans to continue expanding its market presence and investing in new product development to sustain growth[21]. - The company has not disclosed any new product developments or market expansion strategies in this report[12].

2018 年第三季度报告 公司代码：601890 公司简称：亚星锚链 江苏亚星锚链股份有限公司 2018 年第三季度报告 1 / 20 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 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 公司负责人陶安祥、主管会计工作负责人王桂琴及会计机构负责人（会计主管人员）何欣保 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 3 / 20 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上 年度末增减(%) 总资产 3,771,446,468.74 3,805,554,965.36 -0.90 归属于上市公司股东的 净资产 2 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 457,162,792.99, an increase of 3.33% compared to CNY 442,427,609.72 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 128.07% to a loss of CNY 7,435,159.36, compared to a profit of CNY 26,483,853.73 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 218.30% to a loss of CNY 24,326,304.72, compared to a profit of CNY 20,563,815.74 in the same period last year[18]. - The basic earnings per share for the first half of 2018 was -CNY 0.0077, a decrease of 127.90% compared to CNY 0.0276 in the same period last year[19]. - The weighted average return on net assets was -0.25%, a decrease of 1.15 percentage points from 0.90% in the previous year[19]. - The company reported a significant decrease in accounts payable by 95.26%, transitioning to cash payments to save on procurement costs[41]. - The company reported a comprehensive loss of -7,435,159.36 RMB during the period[94]. - The company distributed dividends totaling 19,188,000.00 RMB to shareholders during the reporting period[94]. Cash Flow and Assets - The net cash flow from operating activities was a negative CNY 19,773,009.21, an improvement from a negative CNY 28,293,554.44 in the previous year[18]. - The total assets at the end of the reporting period were CNY 3,746,599,018.29, a decrease of 1.55% from CNY 3,805,554,965.36 at the end of the previous year[18]. - The company's cash and cash equivalents decreased from ¥1,236,220,028.56 to ¥868,164,557.66, a decline of about 29.73%[74]. - The company has a total cash balance of CNY 868,164,557.66 at the end of the period, down from CNY 1,236,220,028.56 at the beginning of the period, indicating a decrease of approximately 29.8%[197]. - The company’s cash and cash equivalents include bank acceptance bills and securities account deposits, indicating a diversified cash management strategy[197]. Market and Operational Risks - The company faces market risks due to the ongoing downturn in the shipbuilding industry and significant fluctuations in oil prices affecting demand in the offshore market[5]. - The company is exposed to raw material price risks, particularly for steel products, which have seen price increases impacting overall profitability[5]. - The company faces market risks due to the ongoing downturn in the shipbuilding industry, which affects the profitability of ship anchor chains[50]. - Approximately 60% of the company's products are exported, making it susceptible to exchange rate fluctuations[50]. Production and Sales - The company produced 46,294 tons of ship anchor chains, a decrease of 5.62% year-on-year, while production of mooring chains increased by 17.15% to 7,724 tons[33]. - The company held orders worth 1.21 billion RMB at the end of the reporting period, including 966 million RMB for ship anchor chains and 246 million RMB for mooring chains[33]. - Revenue from the shipbuilding sector was ¥349,223,643.76, showing a slight increase of 0.79%, but the gross margin dropped by 17.84%[39]. - Domestic sales amounted to ¥163,392,068.80, reflecting a year-on-year growth of 5.98%, while international sales were ¥275,178,866.55, with a minimal increase of 0.08%[40]. Research and Development - Research and development expenses were 22.98 million RMB, a slight increase of 1.02% compared to the previous year[36]. - The company is actively involved in the development of high-strength R5 mooring chains, breaking the technical monopoly of a few foreign countries[30]. Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 140,670[68]. - The largest shareholder, Tao Anxiang, holds 265,793,716 shares, representing 27.70% of the total shares[69]. - The second-largest shareholder, Tao Xing, holds 71,832,252 shares, representing 7.49% of the total shares, with 45,540,000 shares pledged[69]. - The company has not proposed any profit distribution or capital reserve increase plans for the half-year period[53]. Compliance and Governance - The company has maintained good integrity, with no overdue debts or unfulfilled commitments reported[55]. - The company has committed to a three-year shareholder return plan (2018-2020) to enhance shareholder value[54]. - The company appointed Jiangsu Gongzheng Tianye Accounting Firm as its auditing institution for the 2018 fiscal year[55]. - There are no significant litigation or arbitration matters reported during the reporting period[55]. Social Responsibility - The company actively participated in poverty alleviation activities, improving rural environments and enhancing the quality of life for farmers, with a total investment of 295,100 RMB in these initiatives[61]. - The company has committed to further advancing its poverty alleviation efforts by promoting partnerships with local enterprises and fulfilling its social responsibilities[62]. Financial Reporting and Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[109]. - The financial statements are prepared based on the historical cost principle, with provisions for asset impairment as necessary[107]. - The company confirms its ability to continue as a going concern for the next 12 months[108]. - The company has not reported any changes in accounting policies or significant accounting errors that require restatement[65].

Financial Performance - The company achieved a net profit attributable to shareholders of the parent company of CNY 33,180,238.76, a decrease of 38.48% compared to the previous year[5]. - Total operating revenue for 2017 was CNY 1,019,141,116.57, reflecting a slight decline of 0.31% from CNY 1,022,330,572.01 in 2016[22]. - The basic earnings per share decreased to CNY 0.035, down 37.72% from CNY 0.0562 in 2016[23]. - The weighted average return on net assets was 1.13%, down from 1.84% in the previous year, a decrease of 0.71 percentage points[23]. - The net profit attributable to shareholders decreased by 38.48% compared to the previous year, primarily due to rising raw material steel prices and a decline in gross margin by 3.83 percentage points[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 106.59% year-on-year, influenced by a foreign exchange loss of 33.94 million yuan this year compared to a gain of 40.06 million yuan last year[24]. - The net cash flow from operating activities decreased by 102.93% compared to the same period last year, mainly due to a significant increase in cash paid for goods and services[24]. - The company’s net profit for the reporting period was 33.18 million RMB, indicating a challenging financial environment[42]. - The company reported a net cash flow from operating activities of CNY -8,026,837.94, a significant decline from CNY 274,391,166.05 in 2016[22]. - The company’s net profit from continuing operations for the current year is CNY 27,392,099.75, compared to CNY 47,544,795.98 in the previous year, indicating a decrease of approximately 42.4%[84]. Revenue and Sales - In Q1 2017, the operating revenue was 239.15 million yuan, with a net profit of 18.07 million yuan, while in Q4 2017, the operating revenue dropped to 246.28 million yuan, resulting in a net loss of 0.56 million yuan[26]. - The company achieved a total sales revenue of 1.019 billion RMB, a slight decrease of 0.31% compared to the previous year, completing 85% of the sales plan[42]. - Domestic sales revenue decreased by 18.93%, while international sales revenue increased by 14.22%, indicating a shift in market dynamics[48]. - The sales revenue from marine engineering mooring chains increased by 5.04% year-on-year, despite a challenging market environment[41]. Market Conditions and Risks - Approximately 60% of the company's products are exported, making it vulnerable to exchange rate fluctuations[8]. - The company faces market risks due to the ongoing downturn in the shipbuilding industry and the volatility of oil prices affecting demand in the offshore market[8]. - The marine engineering market demand remained low, with global investment levels and price points still at a low level, leading to intense market competition[35]. - The company faces market risks due to the ongoing downturn in the shipbuilding industry, which affects the profitability of ship anchor chains, and oil price fluctuations significantly impact the demand in the marine engineering market[74]. Assets and Liabilities - The company's total assets at the end of 2017 were CNY 3,805,554,965.36, a marginal increase of 0.15% from CNY 3,799,905,040.15 in 2016[22]. - The total assets of the company were reported at CNY 3,805,554,965.36, up from CNY 3,799,905,040.15, indicating a growth of approximately 0.15%[177]. - Total current assets amounted to CNY 2,870,566,669.27, slightly up from CNY 2,838,504,202.84 at the beginning of the year, indicating a growth of approximately 1.1%[175]. - Total liabilities rose to CNY 764,835,491.74 from CNY 757,795,666.28, showing a slight increase of about 0.3%[178]. - The company's short-term borrowings were not specified, but the total current liabilities increased significantly to CNY 682,895,918.01 from CNY 384,623,009.85, reflecting an increase of approximately 77.8%[177]. Dividends and Shareholder Returns - The company proposed a cash dividend of CNY 0.2 per 10 shares, totaling CNY 1,918,800, subject to shareholder approval[5]. - The cumulative distributable profit for shareholders at the end of 2017 was 325.818 million yuan after accounting for the net profit and previous distributions[77]. - The company distributed cash dividends of ¥0.3 per share, compared to ¥0.6 per share in the previous year[60]. - The company distributed 28,782,000.00 RMB to shareholders, indicating a focus on returning value to investors despite the overall financial challenges faced[200]. Research and Development - Research and development expenses increased by 4.88% to 49.34 million RMB, highlighting the company's commitment to innovation[45]. - Total R&D investment amounted to ¥49,339,694.70, which is 4.84% of operating revenue, with 219 R&D personnel making up 11.32% of the total workforce[57]. Operational Efficiency - The company aims to enhance management, reduce costs, and improve efficiency to boost profitability[74]. - Sales expenses decreased by 20.47% to ¥87,469,765.12, primarily due to improved internal management and cost control[56]. - The company has established a comprehensive compensation policy to motivate employees based on their roles and contributions[146]. Social Responsibility and Community Engagement - The company emphasizes its commitment to social responsibility and environmental protection, promoting recycling and sustainable practices among employees[117]. - The company engaged in charitable donations and public welfare activities to support rural communities[113]. - Jiangsu Bank actively participated in social responsibility initiatives, including poverty alleviation projects[113]. Governance and Compliance - The company has a clear governance structure, with distinct roles for shareholders, the board of directors, and the supervisory board[149]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with relevant laws and regulations[149]. - The company has not reported any significant market expansion activities during the reporting period[131]. Cash Flow and Investments - The cash inflow from operating activities totaled CNY 1,147,165,292.12, down 5.8% from CNY 1,218,476,595.78 in the previous year[191]. - The cash outflow from investing activities was CNY 1,497,674,786.68, significantly higher than CNY 703,436,722.69 in the previous year, indicating increased investment activity[192]. - The total cash flow from operating activities was not detailed, but the overall cash position reflects operational challenges[195].

1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 江苏亚星锚链股份有限公司 2018 年第一季度报告 2018 年第一季度报告 公司代码：601890 公司简称：亚星锚链 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | | | | 越权审批，或无正式批准文件，或 | | | | 偶发性的税收返还、减免 | | | | 计入当期损益的政府补助，但与公 | | | | 司正常经营业务密切相关，符合国 | 9,715,300.00 | | 3 / 18 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 3,798,738,855.26 3,805,554,965.36 -0.18 归属于上市公司股东的净资产 2,930,666,909.64 2,939,3 ...

Financial Performance - Operating revenue for the first nine months was CNY 772,861,651.59, representing an 8.19% decrease year-on-year[6] - Net profit attributable to shareholders was CNY 33,735,361.78, down 30.27% from the same period last year[6] - Basic earnings per share decreased by 30.16% to CNY 0.0352[7] - The net profit after deducting non-recurring gains and losses was CNY 17,733,692.83, a decrease of 54.28% year-on-year[6] - The company reported non-recurring gains of CNY 10,081,630.96 for the first nine months[8] - Total operating revenue for Q3 2017 was ¥330,434,041.87, an increase of 40.4% compared to ¥235,281,953.13 in Q3 2016[25] - Net profit for Q3 2017 reached ¥5,684,183.27, a 39.3% increase from ¥4,082,982.73 in Q3 2016[26] - Total profit for Q3 2017 was ¥8,360,716.60, up from ¥7,382,994.30 in Q3 2016, indicating a growth of 13.2%[26] - The total comprehensive income for Q3 2017 was ¥5,684,183.27, compared to ¥4,082,982.73 in Q3 2016, reflecting a growth of 39.3%[27] - The total profit for the first nine months was CNY 16,006,928.63, compared to CNY 16,191,018.91 in the same period last year[31] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 144,838,666.90, a significant decline of 52.88% compared to the previous year[6] - Net cash flow from operating activities decreased by 52.88% to CNY 144,838,666.90, mainly due to a significant increase in material purchases compared to the previous year[14] - Net cash flow from investing activities showed a significant decline of 546.97%, reflecting increased payments for bank financial products[14] - Cash inflow from investment activities totaled CNY 818,254,328.37, an increase of 36.6% compared to CNY 599,103,720.24 last year[32] - Cash outflow from investment activities was CNY 1,206,174,890.88, significantly higher than CNY 512,315,282.03 in the same period last year[32] - Net cash flow from investment activities was negative at CNY -387,920,562.51, compared to a positive CNY 86,788,438.21 last year[32] - The company experienced a net decrease in cash and cash equivalents of CNY -287,849,640.83 during the reporting period[32] - The net increase in cash and cash equivalents for Q3 2017 was -$129,272,592.16, compared to an increase of $55,538,215.09 in the same period last year[36] - The cash and cash equivalents balance at the beginning of the period was $973,562,660.51, while the ending balance was $844,290,068.35[36] - The impact of exchange rate fluctuations on cash and cash equivalents was -$9,251,399.63, compared to a positive impact of $2,412,721.05 in the previous year[36] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,820,580,211.65, a 0.54% increase compared to the end of the previous year[6] - Total assets increased to CNY 3,851,879,515.39 from CNY 3,659,578,096.68, representing a growth of approximately 5.3%[22] - Current liabilities rose to CNY 771,662,447.75 from CNY 610,489,856.32, an increase of about 26.4%[23] - Non-current liabilities totaled CNY 352,458,756.08, up from CNY 347,968,756.08, reflecting a slight increase of 1.4%[23] - Total liabilities reached CNY 1,124,121,203.83, compared to CNY 958,458,612.40, marking an increase of approximately 17.3%[23] - Owner's equity increased to CNY 2,727,758,311.56 from CNY 2,701,119,484.28, showing a growth of about 1.0%[23] - The company reported a total non-current asset of CNY 1,597,386,891.27, up from CNY 1,569,883,645.63, indicating a growth of approximately 1.8%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 158,167[10] - The largest shareholder, Tao Anxiang, holds 27.70% of the shares, totaling 265,793,716 shares[10] Other Financial Metrics - The weighted average return on net assets was 1.14%, a decrease of 0.49 percentage points compared to the previous year[6] - Financial expenses increased by 155.33%, from a loss of CNY 24,716,377.22 to a cost of CNY 13,674,373.99, primarily due to exchange rate fluctuations[13] - The company reported a 72.05% increase in asset impairment losses, rising from CNY 4,217,519.48 to CNY 7,256,265.51, due to an increase in bad debt provisions[13] - Other receivables increased by 51.21% from CNY 8,783,045.63 to CNY 13,280,878.68, mainly due to an increase in personal transactions[12] - Cash and cash equivalents decreased by 33.11% from CNY 1,679,926,806.71 to CNY 1,123,754,939.75 due to idle funds being used to purchase financial products[12] - Prepayments increased by 59.24% from CNY 105,088,468.31 to CNY 167,345,371.22, mainly due to an increase in material payments[12] - Other current assets rose by 186.56% from CNY 217,441,272.16 to CNY 623,095,454.25, primarily due to an increase in bank financial products[13] - Accounts receivable decreased to CNY 261,925,498.97 from CNY 406,321,542.46, representing a decrease of approximately 35.5%[21] - Deferred income increased to CNY 69,936,761.38 from CNY 65,446,761.38, reflecting an increase of about 7.6%[19]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥442,427,609.72, a decrease of 27.05% compared to ¥606,509,124.87 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥26,483,853.73, down 36.71% from ¥41,848,490.04 in the previous year[18]. - The net cash flow from operating activities was -¥28,293,554.44, a decrease of 110.80% compared to ¥262,066,188.96 in the same period last year[18]. - The basic earnings per share decreased to ¥0.0276, down 36.70% from ¥0.0436 in the previous year[19]. - The weighted average return on net assets was 0.90%, a decrease of 0.61 percentage points from 1.51% in the previous year[19]. - The company's total revenue for the reporting period was CNY 429,137,465.04, representing a decrease of 26.74% compared to the previous year[37]. - The company reported a significant increase in prepaid expenses, which rose by 34.72% to CNY 141,578,200.15, mainly due to increased material payments[39]. - The company reported a net cash decrease of CNY -288,266,002.55 for the period, contrasting with an increase of CNY 116,602,106.20 in the previous year[97]. Production and Sales - The company produced 49,049 tons of ship anchor chains, a decrease of 12.39% year-on-year, and 6,593 tons of mooring chains, down 50.26% year-on-year[31]. - Domestic sales amounted to CNY 154,175,223.65, down 34.30% year-on-year, while international sales were CNY 274,962,241.39, down 21.68%[37]. - The marine engineering sector generated revenue of CNY 82,667,084.07, a decline of 57.79%, with a gross margin of 35.06%[38]. - The shipbuilding sector reported revenue of CNY 346,470,380.97, down 11.13%, with a gross margin of 28.60%[38]. Market Risks - The decline in net profit was primarily due to the sluggish shipbuilding industry and low delivery of offshore equipment projects, impacting revenue from ship chains and mooring chains[20]. - The company faced significant risks including market risk from the shipbuilding industry's downturn and raw material price fluctuations[5]. - Approximately 60% of the company's products are exported, making it susceptible to exchange rate fluctuations[5]. - The company faces market risks due to the ongoing downturn in the shipbuilding industry, which affects the profitability of ship anchors[47]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,785,955,913.41, a decrease of 0.37% from ¥3,799,905,040.15 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were ¥2,932,631,208.18, a slight decrease of 0.08% from ¥2,934,929,354.45 at the end of the previous year[18]. - Total current assets increased slightly to CNY 2,847,545,872.32 from CNY 2,838,504,202.84, reflecting a growth of approximately 0.25%[81]. - Total liabilities decreased to CNY 750,943,809.01 from CNY 757,795,666.28, a reduction of approximately 0.9%[83]. Corporate Governance - The company held its annual general meeting on May 18, 2017, in compliance with legal procedures[50]. - There was no profit distribution or capital reserve transfer plan proposed for the half-year period[51]. - The company appointed Jiangsu Gongzheng Tianye Accounting Firm as its auditing institution for the 2017 fiscal year[53]. - The company has maintained good integrity, with no overdue debts or unfulfilled commitments reported[53]. Social Responsibility - The company engaged in social responsibility initiatives, contributing RMB 694,700 to poverty alleviation efforts during the reporting period[58]. - The company actively participates in government poverty alleviation projects and social welfare initiatives[58]. - Total funding for poverty alleviation projects amounted to 69.47 million RMB, with no recorded number of impoverished individuals lifted out of poverty[61]. Accounting Policies - The company has implemented changes in accounting policies, specifically reclassifying government subsidies from "non-operating income" to "other income" starting January 1, 2017[200]. - The company’s financial statements will reflect these changes in accounting policies in the profit and loss statement[200]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that its financial statements reflect a true and complete picture of its financial status[120]. Investments and Equity - The company has completed the construction of a new production base for marine engineering mooring system connectors, which has gained recognition from leading global oil companies[29]. - The company’s technology center has been recognized as a national-level technology center, and it has participated in the formulation of international standards for mooring chains[29]. - The company’s total equity attributable to the parent company at the end of the previous year was CNY 3,042,109,000[104].