2020 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 2020 年第三季度报告 1 / 25 2020 年第三季度报告 一、 重要提示 二、 公司基本情况. 11[ 重要事项 四、 附录 目录 2 / 25 2020 年第三季度报告 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 | --- | --- | --- | --- | |-----------------------------------------------|------------------------------|------------------------------------|-- ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥552,576,720.74, a decrease of 2.71% compared to ¥567,953,553.33 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥40,726,585.15, down 6.91% from ¥43,749,031.33 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 14.53% to ¥32,686,534.75 from ¥28,538,631.04 in the previous year[22]. - The net cash flow from operating activities was ¥84,952,825.99, a significant improvement from a negative cash flow of ¥63,898,577.08 in the same period last year, representing a 232.95% increase[22]. - Basic earnings per share for the first half of 2020 were ¥0.0425, a decrease of 6.80% from ¥0.0456 in the same period last year[23]. - The diluted earnings per share also stood at ¥0.0425, reflecting the same decline of 6.80% year-on-year[23]. - The weighted average return on net assets was 1.35%, a decrease of 0.14 percentage points compared to 1.49% in the previous year[23]. - Operating revenue decreased by 2.71% to ¥552,576,720.74 compared to ¥567,953,553.33 in the same period last year[40]. - Operating costs decreased by 2.07% to ¥415,384,746.03 from ¥424,158,849.33 year-on-year[40]. - Research and development expenses decreased by 25.08% to ¥21,819,118.16 from ¥29,121,337.57 year-on-year[40]. Sales and Production - The company achieved a sales revenue of 553 million RMB in the first half of 2020, a decrease of 2.71% year-on-year[36]. - The company produced 43,982 tons of ship anchor chains, a decrease of 6.05% year-on-year, and 10,580 tons of mooring chains, down 26.91% year-on-year[37]. - Total sales volume reached 60,097 tons, an increase of 1.52% year-on-year, with ship anchor chains and accessories sales rising by 4.24%[37]. - The company held orders worth 961 million RMB at the end of the reporting period, including 548 million RMB for ship anchor chains and accessories, and 413 million RMB for mooring chains and accessories[36]. Market Position and Risks - The company is the largest anchor chain manufacturer globally, with approximately 60% of its products exported to countries such as Japan, South Korea, Europe, and the United States[30]. - 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 is exposed to raw material price risks, particularly for steel products, which experienced price volatility during the reporting period[62]. - Approximately 60% of the company's products are exported, making it vulnerable to significant impacts from exchange rate fluctuations[62]. - The company has implemented forward foreign exchange contracts with banks to hedge against exchange rate risks[62]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,988,762,052.84, an increase of 2.37% compared to ¥3,896,437,318.03 at the end of the previous year[22]. - The total liabilities amounted to ¥888,078,918.50, compared to ¥808,711,457.09, marking an increase of approximately 9.8%[101]. - Total current assets increased to ¥2,999,072,064.03, up from ¥2,889,172,788.80, representing a growth of approximately 3.8%[95]. - Cash and cash equivalents decreased to ¥1,109,539,344.09 from ¥1,199,918,211.26, a decline of about 7.5%[95]. - Accounts receivable rose to ¥355,974,807.67, compared to ¥328,529,786.34, indicating an increase of approximately 8.4%[95]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 126,756[86]. - The largest shareholder, Tao Anxiang, holds 265,793,716 shares, representing 27.70% of the total shares[86]. - The company issued cash dividends of ¥28,782,000 during the reporting period, impacting net cash flow from financing activities, which decreased by 515.42% to -¥34,395,316.69[41]. Social Responsibility - The company has actively participated in social responsibility initiatives, including poverty alleviation projects and charitable donations[76]. - The company actively participated in poverty alleviation activities, investing a total of 38.17 million in various initiatives[78]. - The company plans to further promote town-enterprise pairing poverty alleviation efforts, emphasizing its commitment to social responsibility[79]. Governance and Compliance - The company has maintained good integrity, with no instances of failing to repay large debts or fulfill commitments[70]. - There are no significant litigation or arbitration matters reported during the reporting period[70]. - The company has not faced any administrative penalties from environmental protection authorities during the reporting period[82]. - The company strictly adheres to national environmental protection laws and regulations[82]. Accounting Policies - The company’s financial statements are prepared based on the going concern principle, indicating a good ability to continue operations for the next 12 months[160]. - The company adheres to the Chinese Accounting Standards, ensuring that its financial reports accurately reflect its financial status and operational results[163]. - The company’s accounting period runs from January 1 to December 31 each year, with a normal operating cycle defined as 12 months[164]. - There were no significant changes in accounting policies or estimates that would materially affect the company's financial position or operating results[82].

2020 年第一季度报告 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 2020 年第一季度报告 1 / 19 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 19 2020 年第一季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陶安祥、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 achieved a net profit attributable to shareholders of 89,905,431.87 yuan for the year 2019, with a cumulative profit available for distribution to shareholders of 409,025,902.77 yuan[6]. - The company's operating revenue for 2019 was CNY 1,284,082,819.76, representing a year-on-year increase of 23.77% compared to CNY 1,037,512,425.34 in 2018[23]. - The net profit attributable to shareholders for 2019 was CNY 89,905,431.87, a significant recovery from a loss of CNY 14,683,223.55 in 2018[23]. - The net cash flow from operating activities increased by 231.14% to CNY 116,888,207.03, up from CNY 35,298,603.06 in the previous year[26]. - The total assets at the end of 2019 were CNY 3,896,437,318.03, reflecting a 3.19% increase from CNY 3,775,840,557.90 at the end of 2018[23]. - The basic earnings per share for 2019 was CNY 0.094, compared to a loss of CNY 0.015 per share in 2018[26]. - The weighted average return on equity for 2019 was 3.05%, a recovery from -0.50% in 2018[26]. - The company reported a quarterly revenue of CNY 364,112,766.65 in Q1 2019, with a net profit of CNY 24,028,306.64 for the same period[27]. - The total net profit for Q4 2019 was CNY 20,004,639.26, with a revenue of CNY 327,051,097.88[27]. - Non-recurring gains and losses for 2019 totaled CNY 39,239,093.94, compared to CNY 35,549,941.58 in 2018[34]. Dividend Distribution - The proposed cash dividend distribution is 0.3 yuan per 10 shares, totaling 28.782 million yuan (including tax) to be distributed to all shareholders[6]. - The company reported a net profit of ¥89,905,431.87 for the year 2019, with a cumulative distributable profit of ¥409,025,902.77 by the end of 2019[105]. - The company plans to distribute a cash dividend of ¥0.3 per 10 shares, totaling ¥28,782,000 (including tax) for the year 2019[106]. Market Risks - The company faces significant market risks due to the cyclical nature of the shipping and marine engineering industries, which are influenced by global economic fluctuations and international oil prices[10]. - Approximately 60% of the company's products are exported, making it vulnerable to exchange rate fluctuations, which the company mitigates through forward foreign exchange contracts[10]. - The company emphasizes the need for enhanced risk management capabilities in light of the COVID-19 pandemic, which introduces new safety and performance risks[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[100]. Production and Sales - The company produced 100,650 tons of ship anchor chains in 2019, an increase of 3.17% year-on-year, and 23,803 tons of mooring chains, up 18.06% year-on-year[46]. - Total sales reached 135,702 tons, a year-on-year increase of 3.00%, with sales revenue of 1.284 billion RMB, up 23.77% from the previous year[46][50]. - The company secured orders totaling 127,200 tons during the reporting period, with 108,900 tons for ship anchor chains and 18,300 tons for offshore oil platform mooring chains[50]. - The offshore industry reported revenue of ¥354,710,751.29, with a year-over-year increase of 69.18% driven by a 39.04% rise in sales volume and an increase in average selling price[54]. - The shipbuilding industry generated revenue of ¥894,027,613.12, reflecting a year-over-year growth of 13.26%[62]. - Domestic sales amounted to ¥536,386,735.59, up 25.79% year-over-year, while foreign sales reached ¥712,351,628.82, increasing by 24.40%[62]. Cost Management - The company has implemented cost control measures to alleviate the impact of raw material price volatility on its operations[10]. - The main raw materials for the company are steel products, which have experienced price fluctuations during the reporting period, posing a risk to production operations[10]. - Raw material costs in the shipbuilding industry accounted for 78.69% of total costs, with a year-over-year increase of 2.81%[63]. - The gross margin for the offshore industry improved by 3.16 percentage points to 31.48%, while the shipbuilding industry saw an increase of 8.48 percentage points to 23.57%[62]. Research and Development - Research and development expenses increased by 24.00% to 58.31 million RMB, reflecting the company's commitment to innovation[47]. - The total R&D expenditure for the period was ¥58,312,712.63, accounting for 4.54% of operating revenue[69]. - The company has 234 R&D personnel, representing 14.27% of the total workforce[69]. - The company authorized 4 patents during the reporting period, including 3 invention patents and 1 utility model patent[70]. Financial Management - The company has a standard unqualified audit report issued by the public accounting firm Tianye[5]. - The board of directors and senior management have confirmed the accuracy and completeness of the financial report[4]. - The company does not have any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has implemented new financial instrument standards starting January 1, 2019, affecting the classification and measurement of financial assets[113]. - Financial assets are now categorized into three main types based on cash flow characteristics and business model, replacing previous classifications[113]. - The new impairment model requires the recognition of expected credit losses, moving from an incurred loss model to a three-stage model[114]. Corporate Governance - The company has committed to a shareholder return plan for the years 2018-2020, approved at the 2017 annual general meeting[109]. - The actual controllers of the company have made long-term commitments to avoid competition and related transactions since 2010[109]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for the reporting period[108]. - The company has not faced any penalties from securities regulatory authorities in the past three years[181]. - The company has established a fourth supervisory board consisting of 3 supervisors, including 1 employee representative, complying with legal requirements[190]. - The company has conducted one annual general meeting in 2019, adhering to legal procedures and ensuring transparency[193]. Social Responsibility - The company has actively participated in social responsibility initiatives, including poverty alleviation efforts, contributing 78,000 RMB to targeted poverty alleviation projects[148]. - The company has improved rural living conditions through various projects, with a total investment of 54.95 million RMB in other initiatives aimed at enhancing the quality of life for farmers[151]. - The company actively engages in social responsibility initiatives, aiming for harmony between corporate development and societal progress[152]. - The company does not belong to the key pollutant discharge units as per environmental protection department announcements[155]. - The company has not disclosed any environmental information due to not being classified as a key pollutant discharge unit[156].

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].