2018 年半年度报告 公司代码：603063 公司简称：禾望电气 深圳市禾望电气股份有限公司 2018 年半年度报告 1 / 124 2018 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 具体情况参见"第四节 经营情况的讨论与分析"之"二、其他披露事项"之"（二）、可能 面对的风险"。 十、 其他 □适用 √不适用 2 / 124 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人韩玉、主管会计工作负责人陈文锋及会计机构负责人（会计主管人员）张瑛声明： 保证半年度报告中财务报告的真实、准确、完整 ...

Financial Performance - The company's total revenue for 2017 was approximately ¥878.15 million, representing an increase of 8.71% compared to ¥807.76 million in 2016[21]. - The net profit attributable to shareholders of the listed company decreased by 11.24% to ¥232.66 million from ¥262.11 million in the previous year[21]. - The net cash flow from operating activities dropped significantly by 51.96% to ¥83.87 million, down from ¥174.58 million in 2016[21]. - The total assets of the company increased by 55.57% to ¥2.82 billion at the end of 2017, compared to ¥1.81 billion at the end of 2016[21]. - The company's net assets attributable to shareholders rose by 71.14% to ¥2.38 billion from ¥1.39 billion in the previous year[21]. - Basic earnings per share decreased by 17.81% to ¥0.60 from ¥0.73 in 2016[22]. - The weighted average return on net assets fell by 7.67 percentage points to 12.74% from 20.41% in the previous year[22]. - Operating costs increased to ¥373,581,167.26, reflecting a growth of 3.76% compared to the previous year[70]. - The company reported a significant increase in sales expenses by 39.63% to approximately ¥121.25 million, attributed to business expansion and increased personnel costs[80]. - The total cost of sales was approximately ¥373.50 million, with a year-over-year increase of 3.76%[76]. Revenue Breakdown - The company's total revenue for Q1 was approximately ¥311.46 million, with Q2 at ¥120.65 million, Q3 at ¥200.88 million, and Q4 at ¥245.15 million[25]. - The net profit attributable to shareholders for Q1 was approximately ¥71.33 million, Q2 was ¥52.32 million, Q3 was ¥55.47 million, and Q4 was ¥53.55 million[25]. - The net profit after deducting non-recurring gains and losses for Q1 was approximately ¥65.72 million, Q2 was ¥46.86 million, Q3 was ¥48.82 million, and Q4 was ¥44.39 million[25]. - Wind power revenue reached approximately ¥749.56 million, with a gross margin of 61.88%, an increase of 3.76 percentage points year-over-year[73]. - Photovoltaic revenue was approximately ¥103.78 million, with a gross margin of 31.21%, a decrease of 2.24 percentage points year-over-year[73]. Cash Flow and Investments - The net cash flow from operating activities was approximately ¥83.87 million, a decrease of 51.96% compared to the previous year[84]. - The company’s cash and cash equivalents increased by 115.06% to approximately ¥680.46 million, representing 24.17% of total assets[85]. - The company has invested a total of ¥2,275,000,000 in various financial products, including ¥225,000,000 in broker financial products and ¥1,550,000,000 in bank financial products[171]. - The bank financial products sourced from idle raised funds have a remaining balance of ¥275,000,000, while the self-owned funds have a remaining balance of ¥50,000,000[171]. - The company has achieved a total expected return of ¥3,754,109.59 from a single bank financial product with an investment of ¥175,000,000 at an annualized yield of 4.35%[174]. Research and Development - Research and development expenses rose by 25.51% to ¥106,863,097.36, indicating a commitment to innovation[70]. - The company has a research team of 229 engineers, ensuring strong R&D capabilities and core intellectual property[58]. - Research and development expenses totaled approximately ¥106.86 million, accounting for 12.17% of total revenue, with 229 R&D personnel representing 32.25% of the total workforce[82]. Market Position and Strategy - The company focuses on power conversion technology, with core products including wind power converters, photovoltaic inverters, and electrical drive products[31]. - The company is a pioneer in distributed photovoltaic inverter solutions, enhancing efficiency compared to traditional centralized inverter systems[32]. - The company plans to expand its product offerings in new application areas, including rail vehicle power supplies and shore power systems[32]. - The company has established a robust procurement strategy to manage material costs and supplier relationships effectively[40]. - The company has maintained a high market share in wind power converters, supported by stable customer relationships and brand recognition[57]. Risk Management - The company faces risks related to industry policy changes, which could impact market demand for renewable energy equipment due to potential adjustments in government subsidies[119]. - The average selling price of the company's products is experiencing a year-on-year decline, which is greater than the decrease in raw material costs, posing a risk to gross margins[120]. - The company faces risks related to the continuous growth of accounts receivable, which may lead to bad debt losses and slower turnover rates due to industry project construction progress and payment schedules[122]. - Changes in tax incentive policies could significantly impact the company's net profit, especially if it loses its status as a high-tech enterprise or cannot continue to enjoy various tax benefits[123]. Shareholder and Governance - The company has a profit distribution policy that emphasizes cash dividends, with a minimum cash distribution of 10% of distributable profits if there are no major investment plans[129]. - The company is committed to maintaining a stable and continuous profit distribution policy to ensure reasonable returns for investors[125]. - The company’s major shareholder, Pingqi Technology, and its actual controllers committed to not engaging in any competitive business activities that could harm the company[139]. - The company’s actual controllers guaranteed that they would not occupy or interfere with the company's funds, ensuring fair and reasonable transactions[142]. - The company has not engaged in any cash buyback of shares during the reporting period[138]. Environmental and Social Responsibility - The company has not faced any penalties for environmental violations in 2017, adhering to multiple environmental protection laws[178]. - The company has committed to social responsibility and sustainable practices, with no significant issues reported in 2017[178]. Corporate Structure and Changes - The company’s stock was listed on the Shanghai Stock Exchange on July 28, 2017, following the approval of its public offering[183]. - The company reported a total of 36 million shares held by domestic investors, representing 85.71% of the total shares[182]. - The company has no changes in controlling shareholders during the reporting period[196]. - The actual controller of the company is Shenzhen Pingqi Technology Co., Ltd., established on June 25, 2010[198].

公司代码：603063 公司简称：禾望电气 深圳市禾望电气股份有限公司 2018 年第一季度报告 1 / 18 2018 年第一季度报告 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 7 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 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 4 / 18 2018 年第一季度报告 2.2 截止报告期末的股东总数、前十名股东、前十名流通股东（或无限售条件股东）持股情况表 单位：股 | | 股东总数（户） | | | | | 22,321 | | --- | --- | --- | --- | --- | --- | --- | | 前十名股东持股情况 | | | | | | | | 期末持股 | 股东名称（全称） | 比例 | 持有有限售条 | 质押或冻结情况 股份 | | 股东性质 | | 数量 | | (%) | 件股份数量 | | 数量 | | | | | | | 状态 | | | | 85,536,000 ...

| 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 | 8 | 公司代码：603063 公司简称：禾望电气 深圳市禾望电气股份有限公司 2017 年第三季度报告 1 / 20 2017 年第三季度报告 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 公司负责人韩玉、主管会计工作负责人陈文锋及会计机构负责人（会计主管人员）陈文锋保 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 2,743,348,137.82 1,809,959,448.97 51.57 归属于上市公司股 东的净资产 ...

Financial Performance - The company's operating revenue for the first half of 2017 was RMB 432,109,637.48, representing an increase of 11.01% compared to RMB 389,245,944.51 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was RMB 123,643,781.41, up 10.79% from RMB 111,603,852.84 year-on-year[21]. - The total profit for the first half of 2017 was CNY 138.86 million, up 13.81% year-on-year[34]. - The company's revenue for the first half of 2017 was CNY 432.11 million, an increase of 11.01% compared to the same period last year[34]. - The net profit for the first half of 2017 reached CNY 101,284,222.70, compared to CNY 36,527,484.78 in the previous year, indicating an increase of about 176%[101]. - The company's operating profit for the first half of 2017 was CNY 70,001,401.63, a significant increase from CNY 12,537,650.83 in the same period last year, representing a growth of approximately 459%[101]. Cash Flow and Liquidity - The net cash flow from operating activities reached RMB 129,116,786.31, a significant increase of 187.57% compared to RMB 44,899,346.35 in the previous year[21]. - The company reported a substantial increase in cash and cash equivalents, totaling ¥476,721,583.26, a 104.91% increase from the previous period[41]. - The company's cash and cash equivalents increased to CNY 476,721,583.26 from CNY 316,411,646.11, representing a growth of about 50.6%[90]. - The total cash inflow from operating activities was CNY 520,624,306.34, slightly down from CNY 542,987,855.05 in the previous year, indicating a decrease of about 4%[104]. - The total cash and cash equivalents at the end of the period reached CNY 368,848,378.52, up from CNY 146,664,549.31 at the end of the previous period, representing an increase of 151.9%[108]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 1,925,982,659.97, reflecting a growth of 6.41% from RMB 1,809,959,448.97 at the end of the previous year[21]. - The company's total liabilities decreased slightly to CNY 408,924,797.43 from CNY 416,526,710.67, showing a reduction of about 1.5%[92]. - The company's total equity increased to CNY 1,517,057,862.54 from CNY 1,393,432,738.30, marking a growth of approximately 8.9%[92]. - The total number of shares increased from 360 million to 420 million after the successful IPO on July 28, 2017[76]. Research and Development - The company’s research and development expenditure for the first half of 2017 was CNY 45.29 million, an increase of 14.30% compared to the same period last year[36]. - Research and development expenses were significantly high, indicating the company's commitment to technology and strategic implementation[37]. - The company has established four major product platforms, including small and medium power converters and megawatt-level low-voltage converters, enhancing its product diversity[29]. Market Position and Competition - The company’s wind power converter products have a relatively high market share, supported by stable customer relationships and a strong brand reputation[28]. - The company may adjust its competitive strategy by lowering product prices to gain market share, potentially leading to reduced gross margins[49]. - The company faces risks related to changes in tax incentive policies, which significantly impact net profit if it cannot continue to qualify as a high-tech enterprise[48]. Shareholder and Corporate Governance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period[5]. - The company has passed resolutions at the annual general meeting regarding financial budgets and credit limits, indicating ongoing strategic financial management[52]. - The lock-up period for shares held by major shareholders is set for 36 months post-IPO, with specific conditions for extension if share prices fall below the IPO price[57]. Accounting and Financial Reporting - The company reported no significant changes in accounting policies or estimates compared to the previous accounting period[74]. - The company’s financial statements reflect a commitment to continuous operation, with no significant doubts regarding its ability to continue as a going concern[123]. - The company recognizes revenue from the sale of goods when the risks and rewards of ownership are transferred to the buyer, and the revenue amount can be reliably measured[171]. Risks and Challenges - The company is exposed to risks from rapid declines in product prices or inability to reduce raw material costs, which could adversely affect profitability[49]. - The company has experienced a continuous increase in accounts receivable, which poses risks of bad debt losses and declining turnover rates, particularly if clients face operational difficulties[50]. - There is a risk of declining product prices and gross margins due to increasing market competition and product maturity, with average prices per unit of installed capacity decreasing annually[48].