2020 年第三季度报告 公司代码：603088 公司简称：宁波精达 宁波精达成形装备股份有限公司 2020 年第三季度报告 1 / 27 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 2020 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 公司负责人郑良才、主管会计工作负责人刘明君及会计机构负责人（会计主管人员）刘明君 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 / 27 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 872,314,174.63 826,459,347.54 5.55 归属于上市公司 股东的净资产 53 ...

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 173,492,658.98, representing a 4.73% increase compared to CNY 165,654,515.69 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2020 was CNY 29,504,232.85, a significant increase of 47.68% from CNY 19,978,693.59 in the previous year[18]. - The basic earnings per share for the first half of 2020 was CNY 0.13, up 44.44% from CNY 0.09 in the previous year[19]. - The total profit for the first half of 2020 was RMB 34,157,244.89, up from RMB 23,953,731.54 in the first half of 2019, reflecting a growth of 42.96%[105]. - The company's net profit for the first half of 2020 was reported at 6.17 million, showing a decrease from 19.98 million in the previous year, indicating a decline of approximately 69%[124]. Cash Flow and Financial Management - The net cash flow from operating activities reached CNY 28,294,561.15, a remarkable turnaround from a negative cash flow of CNY -12,851,946.75 in the same period last year, marking a 320.16% increase[18]. - The company reported a financial expense of RMB -4,472,115.43 in the first half of 2020, compared to RMB -2,499,135.84 in the first half of 2019, indicating improved financial management[104]. - The company reported a net cash flow from operating activities of RMB 30,682,257.95, a significant improvement from a negative RMB 5,093,353.49 in the first half of 2019[115]. - The ending balance of cash and cash equivalents was RMB 155,385,268.95, up from RMB 132,273,655.19 in the previous year, representing an increase of about 17%[113]. Assets and Liabilities - The total assets as of June 30, 2020, were CNY 834,893,578.23, reflecting a 1.02% increase from CNY 826,459,347.54 at the end of the previous year[18]. - The total liabilities rose to ¥310,097,609.10, compared to ¥271,703,030.41, indicating an increase of about 14.1%[98]. - The company's total current assets as of June 30, 2020, amounted to 579,127,197.24 RMB, compared to 561,446,672.64 RMB at the end of 2019, showing an increase[96]. - Owner's equity decreased to ¥524,795,969.13 from ¥554,756,317.13, reflecting a decline of approximately 5.4%[98]. Research and Development - Research and development expenses rose by 23.64% to CNY 12,419,174.23, reflecting the company's commitment to new product development[42]. - The company has developed 97 patents, including 23 invention patents, enhancing its technological capabilities and product offerings[29]. - The company has focused on technological innovation and has improved its production capabilities in lightweight technology for the automotive industry[36]. Market and Competition - The company faces significant market competition risks, particularly in maintaining technological advancement and brand influence in the HVAC equipment sector[50]. - The company is actively seeking to expand into automotive, electrical, and electronic information markets, but faces challenges in scaling operations in these sectors[52]. - The company is exploring potential mergers and acquisitions to further enhance its market presence and operational capabilities[126]. Shareholder Information - The company distributed cash dividends of RMB 59,584,000 (including tax) at a rate of RMB 3.80 per 10 shares, and increased capital stock by 62,720,000 shares, resulting in a total share capital of 219,520,000 shares[84]. - The total number of ordinary shareholders at the end of the reporting period was 11,238[86]. - The top ten shareholders hold a total of 72,606,240 shares, representing 33.08% of the company[88]. Operational Strategies - The company has implemented an "order-based production" model, allowing for customized production based on client specifications[25]. - The company has established a stable customer base, particularly in the air conditioning sector, and exports products to over 50 countries and regions[31]. - The company has a well-established after-sales service network, enhancing customer satisfaction and brand loyalty[34]. Risks and Challenges - The ongoing COVID-19 pandemic continues to pose operational risks, affecting supply chains and market conditions[58]. - The company is at risk of losing high-quality technical workers due to competitive labor market conditions and the need for attractive compensation packages[53]. - The company is exposed to foreign exchange risks as its overseas sales grow, which could impact financial performance[56]. Corporate Governance - The company has appointed new board members and management, including Zheng Liangcai as chairman and Li Yongjian as general manager, effective March 10, 2020[92]. - The controlling shareholder, Chengxing Holdings, and actual controllers Zheng Liangcai, Xu Jianfen, and Zheng Gong have committed to not reduce their shareholdings below the issuance price within two years after the lock-up period[64]. - The company has received a notice from the China Securities Regulatory Commission regarding an investigation into information disclosure violations[74]. Accounting and Financial Reporting - The financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial position and operating results accurately[143]. - The company has established a framework for accounting treatment of mergers and acquisitions, distinguishing between same-control and non-same-control mergers[147]. - The company recognizes contract assets based on the relationship between the fulfillment of performance obligations and customer payments[175].

Financial Performance - Net profit attributable to shareholders increased by 39.60% to CNY 16,919,470.58, while operating revenue slightly decreased by 0.49% to CNY 92,401,157.97[5] - Basic and diluted earnings per share rose by 37.50% to CNY 0.11[5] - The weighted average return on equity increased by 0.86 percentage points to 3.22%[5] - Net profit for Q1 2020 was CNY 17,652,685.33, representing an increase of 33.67% from CNY 13,279,525.00 in Q1 2019[29] - Net profit for Q1 2020 reached CNY 18.40 million, representing a 47% increase from CNY 12.51 million in Q1 2019[30] - The net profit attributable to shareholders increased by 43.85% to ¥17,902,297.09, driven by reduced financial expenses and increased gross margin[14] - Total comprehensive income for Q1 2020 was CNY 18.40 million, an increase from CNY 12.51 million in the same quarter last year[31] Cash Flow - Cash flow from operating activities improved significantly, with a net cash inflow of CNY 27,661,820.54, a 196.93% increase compared to the same period last year[5] - Cash inflow from operating activities totaled ¥90,028,862.84 in Q1 2020, representing a 49.8% increase from ¥60,107,138.49 in Q1 2019[35] - In Q1 2020, the company reported a net cash flow from operating activities of ¥29,622,291.16, a significant improvement compared to a net outflow of ¥23,786,855.37 in Q1 2019[35] - Cash inflows from investment activities were ¥7,711,472.45 in Q1 2020, down from ¥37,222,175.90 in Q1 2019, reflecting a decline of about 79.3%[36] - The company reported a net cash flow from financing activities of CNY -6,581.92 in Q1 2020, an improvement from -¥10,408.62 in Q1 2019[36] Assets and Liabilities - Total assets increased by 4.71% to CNY 865,393,562.65 compared to the end of the previous year[5] - Total assets as of March 31, 2020, amounted to CNY 853,191,702.51, an increase from CNY 813,356,954.39 as of December 31, 2019[24] - Total liabilities increased to CNY 282,646,105.03 as of March 31, 2020, compared to CNY 261,215,763.34 at the end of 2019[24] - Total liabilities increased to ¥292,980,049.14 from ¥271,703,030.41, reflecting changes in current liabilities[20] Shareholder Information - The total number of shareholders reached 8,767 by the end of the reporting period[10] - The largest shareholder, Ningbo Forming Holdings Co., Ltd., holds 33.08% of the shares, with 14,300,000 shares frozen[10] Research and Development - Research and development expenses rose by 34.11% to ¥7,426,811.72, reflecting increased investment in R&D[14] - Research and development expenses increased to CNY 6.72 million, up 37% from CNY 4.89 million in Q1 2019[30] Government Subsidies - The company received government subsidies amounting to CNY 1,800,641.01, which are closely related to its normal business operations[7] - Other income surged by 122.50% to ¥1,800,641.01, primarily due to increased subsidy income[14] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in this report[12] - The company has not provided specific guidance for future performance or new product developments in this report[30] - The company is cooperating with the China Securities Regulatory Commission regarding an investigation into information disclosure violations[15] Inventory and Receivables - Accounts receivable financing decreased by 36.49% to ¥21,221,020.62 due to a reduction in notes receivable[13] - The company reported a decrease in accounts receivable to CNY 69,150,015.99 in Q1 2020 from CNY 56,246,578.02 in Q1 2019[23] - Inventory levels were CNY 261,374,948.92 as of March 31, 2020, slightly up from CNY 253,548,373.50 at the end of 2019[23] Investment Income - The company reported a significant decrease in investment income by 87.93% to ¥4,079.45, due to reduced bank wealth management returns[14]

Financial Performance - In 2019, the company's operating revenue reached RMB 377,574,204.10, representing a year-on-year increase of 9.78% compared to RMB 343,939,003.74 in 2018[19] - The net profit attributable to shareholders was RMB 62,746,381.25, a significant increase of 55.23% from RMB 40,422,578.05 in the previous year[19] - The basic earnings per share rose to RMB 0.40, reflecting a growth of 53.85% compared to RMB 0.26 in 2018[21] - The total assets of the company at the end of 2019 were RMB 826,459,347.54, which is a 4.20% increase from RMB 793,177,506.93 at the end of 2018[20] - The company's net cash flow from operating activities was RMB 42,932,333.47, showing a decrease of 51.56% from RMB 88,626,264.42 in 2018[19] - The weighted average return on equity increased to 11.82%, up by 3.82 percentage points from 8.00% in 2018[21] - The net assets attributable to shareholders at the end of 2019 were RMB 547,454,328.65, an increase of 5.17% from RMB 520,537,709.65 in 2018[20] Revenue and Profit Trends - In Q1, the company reported revenue of ¥92,855,395.10, which decreased to ¥72,799,120.59 in Q2, then increased to ¥92,986,374.00 in Q3, and reached ¥118,933,314.41 in Q4[23] - The net profit attributable to shareholders was ¥12,444,752.02 in Q1, dropped to ¥7,533,941.57 in Q2, rose to ¥18,260,882.43 in Q3, and increased to ¥24,506,805.23 in Q4[23] - The net profit after deducting non-recurring gains and losses was ¥12,119,531.85 in Q1, decreased to ¥6,309,435.39 in Q2, increased to ¥17,194,475.58 in Q3, and then fell to ¥15,177,232.00 in Q4[23] - Operating cash flow was negative at -¥28,537,161.96 in Q1, turned positive at ¥15,685,215.21 in Q2, further increased to ¥21,321,778.00 in Q3, and reached ¥34,462,502.22 in Q4[23] Business Operations and Strategy - The company focuses on the research, production, and sales of heat exchanger equipment and precision presses, with applications in the home appliance and automotive industries[27] - The business model is based on "make to order," organizing production according to customer orders to achieve profitability[28] - The company maintains a reasonable inventory level for standard products and customizes production based on specific customer requirements[30] - The production mode involves personalized design based on customer orders, with a focus on capacity planning and inventory management[30] Research and Development - The company completed the development of over 20 new products during the year, enhancing its R&D efficiency[37] - The company has filed for 90 patents, including 23 invention patents, strengthening its technological advantage[33] - Research and development expenses totaled 19,909,640.33, representing 5.27% of total revenue, with a 30.43% increase from the previous year[55] Market Performance - The company achieved a revenue of CNY 19.09 million in the air conditioning heat exchanger market, a decrease of 2.86% year-on-year[41] - Revenue from microchannel equipment and others reached CNY 85.70 million, showing a growth of 41.13%[41] - The company’s overseas market sales grew by 31.19%, with diversified product offerings including pressure forming machines[40] - Revenue from the domestic market was 22,628.85 million, a decrease of 1.14%, while the gross profit margin was 37.48%[47] - Revenue from the foreign market increased by 31.19% to 13,815.89 million, with a gross profit margin of 51.79%[47] Financial Management and Shareholder Returns - The company plans to distribute a cash dividend of RMB 3.80 per 10 shares, totaling RMB 59,584,000, and to increase capital by 4 shares for every 10 shares held, resulting in a total of 62,720,000 new shares[4] - In 2019, the cash dividend payout ratio was 94.96%, with a total cash dividend of RMB 5,958.40 million[82] - The company will initiate stock repurchase measures if the stock price falls below the audited net asset value per share for 20 consecutive trading days[85] - The total amount used for stock repurchase will not exceed 20% of the previous year's net profit attributable to shareholders[86] Risks and Challenges - The company faces risks related to market competition, particularly in maintaining technological advancement and innovation in heat exchanger products[71] - The company is at risk of declining gross margins due to rising raw material costs and increased competition in the market[72] - The company is focused on expanding into new markets, including automotive and electronics, but faces challenges in scaling operations and meeting sales expectations[73] - The company is addressing the risk of high turnover among skilled workers by providing competitive compensation and benefits to retain talent[74] Corporate Governance and Compliance - The company has established a robust corporate governance structure and follows fair disclosure practices to protect shareholder interests[106] - The company received a notice from the China Securities Regulatory Commission (CSRC) regarding an investigation on November 1, 2019, due to suspected violations of information disclosure laws[91] - The company has not faced any major litigation or arbitration matters during the reporting period[97] - The company has implemented changes in accounting policies and estimates in accordance with new financial reporting standards issued by the Ministry of Finance[92] Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 646, with 569 in the parent company and 77 in subsidiaries[133] - The professional composition includes 416 production personnel, 51 sales personnel, 93 technical personnel, 31 financial personnel, 20 administrative personnel, and 35 other management personnel[133] - The company has established a three-dimensional salary distribution system linking employee compensation to company performance, with management salaries based on performance and sales personnel compensated based on sales results[134] Environmental and Social Responsibility - The company adheres to strict environmental regulations and has not been penalized for any violations during the reporting period[108] - The company actively engages in social responsibility initiatives, including charitable donations and community involvement[107]

2019 年第三季度报告 公司代码：603088 公司简称：宁波精达 宁波精达成形装备股份有限公司 2019 年第三季度报告 1 / 27 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2019 年第三季度报告 一、 重要提示 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人郑良才、主管会计工作负责人刘明君及会计机构负责人（会计主管人员）刘明君 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。 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。 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | --- | | | | | | 减(%) | ...

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 165,654,515.69, representing a 14.53% increase compared to CNY 144,633,037.24 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2019 was CNY 19,978,693.59, a 40.66% increase from CNY 14,203,800.95 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was CNY 18,428,967.24, which is a 55.76% increase compared to CNY 11,831,628.76 in the same period last year[20]. - The basic earnings per share for the first half of 2019 was CNY 0.13, up 44.44% from CNY 0.09 in the previous year[21]. - The weighted average return on net assets increased to 3.81% from 2.86%, an increase of 0.95 percentage points[21]. - The company reported a total profit of 1,549,726.35 in the first half of 2019, with a significant impact from non-operating income and expenses totaling -338,847.15[24]. - Operating revenue reached ¥165,654,515.69, a 14.53% increase compared to ¥144,633,037.24 in the same period last year[41]. - Net profit for the first half of 2019 was ¥20,349,108.31, representing a 39.57% increase from ¥14,554,500.56 in the same period of 2018[92]. - Total profit for the first half of 2019 was ¥23,953,731.54, compared to ¥16,269,600.41 in the same period of 2018, reflecting a 47.51% increase[92]. - The company’s total comprehensive income for the first half of 2019 was ¥20,349,108.31, compared to ¥14,554,500.56 in the same period of 2018, indicating a growth of 39.57%[93]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 12,851,946.75, a decline of 142.04% compared to a positive CNY 30,568,477.74 in the same period last year[20]. - The company's total assets decreased by 4.14% to CNY 760,332,454.43 from CNY 793,177,506.93 at the end of the previous year[20]. - The company's total current assets as of June 30, 2019, amounted to 487,108,786.92 RMB, a decrease from 511,396,602.09 RMB as of December 31, 2018[84]. - The company's cash and cash equivalents were reported at 134,328,308.19 RMB as of June 30, 2019, down from 167,112,370.71 RMB at the end of 2018[84]. - The total cash inflow from operating activities decreased to 144,753,057.72 RMB, down 19.2% from 179,191,515.87 RMB year-over-year[98]. - Cash outflow from operating activities increased to 157,605,004.47 RMB, compared to 148,623,038.13 RMB in the previous year, reflecting a rise of 5.5%[99]. - The ending balance of cash and cash equivalents was 132,273,655.19 RMB, slightly up from 124,859,732.41 RMB year-over-year[100]. Investments and Subsidiaries - The company has invested in three subsidiaries with a total registered capital of ¥1,671.50 million, ¥204.1 million, and $50 million, respectively[46]. - The company has established a strong market and brand advantage in the air conditioning heat exchanger equipment sector, becoming a leading supplier for global air conditioning enterprises[49]. - The company has subsidiaries including Zhongshan Jingda Tech Machinery Co., Ltd. and JDM Jingda Machine Americas Inc.[125]. Research and Development - The company focuses on technological innovation and new project development, increasing R&D investment to adapt to changing market conditions[36]. - R&D expenses increased by 32.15% year-on-year, reflecting the company's commitment to innovation and product development[38]. - Research and development expenses increased to ¥10,044,729.81, a rise of 32.14% from ¥7,600,769.58 in the previous year[92]. Market Strategy and Risks - The company aims to expand its overseas market presence while consolidating its existing market advantages and launching upgraded products[36]. - The automotive industry, particularly electric vehicles, is expected to drive long-term growth in specialized equipment procurement despite recent market stagnation[31]. - The company faces risks of declining gross margins due to fluctuations in raw material prices, increasing labor costs, and depreciation from new fixed assets, with a significant portion of revenue coming from lower-margin products[50]. - The company is actively seeking new growth points by expanding into automotive, electrical, and electronic information markets, but faces risks in scaling operations and meeting sales expectations[51]. - The company emphasizes the importance of retaining high-quality technical workers, as a shortage in this area poses a risk to its operations and growth[53]. Shareholder and Capital Management - The company has not proposed any profit distribution or capital reserve increase for the half-year period[60]. - The company has implemented commitments to stabilize its stock price, including share buybacks and potential increases in shareholding by major stakeholders[64]. - The total number of shares increased from 11,200,000 to 15,680,000 due to the issuance of new shares[74]. - The company distributed a cash dividend of 3.20 RMB per 10 shares, totaling 35.84 million RMB, based on a total share capital of 112 million shares as of December 31, 2018[75]. Compliance and Governance - The company has renewed its audit engagement with Lixin Accounting Firm for the 2019 fiscal year[68]. - There are no significant lawsuits or arbitration matters reported during the reporting period[68]. - The company and its controlling shareholders have maintained good integrity without any major debt defaults or court judgments[68]. - The company's financial statements comply with the requirements of the enterprise accounting standards, reflecting its financial status accurately[129]. Accounting Policies - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial position, operating results, and cash flows of the entire corporate group[135]. - Revenue recognition for sales varies by product type and sales method, with specific criteria for internal and external sales[199]. - The company recognizes revenue when the significant risks and rewards of ownership have been transferred to the buyer, and the amount of revenue can be reliably measured[198].

Financial Performance - Operating revenue for the period reached CNY 92,855,395.10, representing a growth of 24.96% year-on-year [6]. - Net profit attributable to shareholders of the listed company was CNY 12,119,531.85, an increase of 48.75% compared to the same period last year [6]. - Basic earnings per share for the period were CNY 0.11, up 37.50% from CNY 0.08 in the previous year [6]. - Operating profit attributable to shareholders increased by 42.24% to ¥12,444,752.02, driven by overall profit growth [14]. - Total operating revenue for Q1 2019 was CNY 92,855,395.10, an increase of 25% compared to CNY 74,309,867.95 in Q1 2018 [28]. - Operating profit for Q1 2019 was CNY 16,217,761.01, compared to CNY 10,626,739.13 in Q1 2018, representing a growth of 53% [28]. - The company's total profit for Q1 2019 was ¥14,667,716.11, compared to ¥10,754,259.37 in Q1 2018, marking a 36% increase [30]. - The net profit for Q1 2019 was ¥12,510,391.08, up 37% from ¥9,091,995.16 in Q1 2018 [31]. Cash Flow - The net cash flow from operating activities was CNY -28,537,161.96, a significant decline of 649.44% compared to the previous year [6]. - Cash received from operating activities surged by 655.55% to ¥5,614,516.01, mainly due to bank acceptance bills and interest income [15]. - The company's operating cash inflow for Q1 2019 was ¥61,047,072.50, down from ¥72,601,339.87 in Q1 2018 [33]. - The total cash outflow from operating activities was ¥89,584,234.46, compared to ¥76,409,155.41 in the previous year, indicating increased operational expenses [34]. - The cash inflow from sales of goods and services was ¥54,780,340.33, a decrease from ¥71,270,875.42 year-over-year, showing a decline in revenue generation [35]. - The net cash flow from investment activities was ¥13,847,330.29, a recovery from -¥1,851,686.57 in the same period last year [34]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 781,303,896.18, a decrease of 1.50% compared to the end of the previous year [6]. - The company's total assets decreased from ¥793,177,506.93 to ¥781,303,896.18, indicating a slight contraction [20]. - Total liabilities amounted to ¥266,465,716.33, with current liabilities at ¥255,352,711.34 and non-current liabilities at ¥11,113,004.99 [39]. - The total assets of the company were reported at ¥793,177,506.93, with current assets totaling ¥491,528,804.24 and non-current assets at ¥293,883,498.05 [40]. - The company's cash and cash equivalents decreased from ¥167,112,370.71 to ¥149,227,139.42, reflecting cash outflows [19]. Shareholder Information - The total number of shareholders at the end of the reporting period was 8,909 [12]. - The largest shareholder, Ningbo Forming Holdings Co., Ltd., held 33.08% of the shares [12]. Government Support and Other Income - The company received government subsidies amounting to CNY 809,272.78, which are closely related to its normal business operations [9]. - The company reported a non-recurring profit of CNY 325,220.17 after adjustments for various items [10]. - Other operating income rose by 31.85% to ¥106,977.65, attributed to increased supplier penalties [14]. Financial Expenses and Taxation - Financial expenses decreased by 44.29% to ¥1,930,987.27 due to reduced exchange gains and increased interest income [14]. - Tax expenses increased by 50.27% to ¥2,545,213.66, correlating with profit growth [14].

Financial Performance - In 2018, the company achieved a net profit attributable to shareholders of RMB 40,422,578.05, representing a year-on-year increase of 28.54%[5]. - The company's operating income for 2018 was RMB 343,939,003.74, an increase of 11.68% compared to RMB 307,961,310.28 in 2017[22]. - The net cash flow from operating activities was RMB 88,626,264.42, reflecting a significant increase of 57.61% from RMB 56,231,563.26 in the previous year[23]. - The total assets of the company at the end of 2018 were RMB 793,177,506.93, an increase of 8.88% from RMB 728,510,861.53 at the end of 2017[23]. - The company's basic earnings per share for 2018 were RMB 0.36, up 28.57% from RMB 0.28 in 2017[24]. - The weighted average return on equity increased to 8% in 2018, up from 6.55% in 2017, marking an increase of 1.45 percentage points[24]. - The company reported a net asset attributable to shareholders of RMB 520,537,709.65 at the end of 2018, which is a 5.78% increase from RMB 492,086,023.06 at the end of 2017[23]. - The company's operating revenue for the reporting period was CNY 343.94 million, representing a year-on-year growth of 11.68%[51]. - The net profit attributable to shareholders was CNY 40.42 million, an increase of 28.54% compared to the previous year[51]. - The cash flow from operating activities reached CNY 88.63 million, showing a significant increase of 57.61% year-on-year[52]. Market and Industry Insights - The domestic retail market for home air conditioners exceeded ¥200 billion in 2018, although growth slowed to single digits compared to double-digit growth in 2017 due to external and internal factors[38]. - The automotive industry in China experienced its first negative growth in years in 2018, influenced by environmental regulations and the rise of electric vehicles, which is expected to drive investment in related equipment[38]. - The company anticipates growth opportunities in the air conditioning and automotive sectors as disposable income and consumption levels rise in China[38]. - The powder metallurgy market is expanding, with a trend towards replacing some casting and forging processes, indicating significant market potential[78]. Operational Strategies - The company primarily engages in the research, development, production, and sales of heat exchanger equipment and precision presses, with a focus on the home appliance and automotive industries[33]. - The company operates on a made-to-order production model, aligning production with customer orders to optimize efficiency and inventory management[34]. - The sales strategy includes direct sales through tenders, direct customer orders, sales service points, and participation in domestic and international exhibitions[37]. - The company is actively expanding its overseas market, with products sold to over 50 countries and regions, including developed countries like Japan and the USA[41]. - The company is focusing on technological innovation, with new product developments in high-precision pressure machines and intelligent forming equipment for the automotive industry[46]. Research and Development - The company launched 79 patents, including 20 invention patents, enhancing its technological capabilities[41]. - Research and development expenses totaled 15,264.09 million, accounting for 4.44% of total revenue, with a year-on-year increase of 14.69%[64]. - The company aims to optimize its product series and accelerate product upgrades in response to industry trends, particularly in high-speed precision pressure machines[84]. Risk Factors - The company has outlined various risks it may face in its annual report, which investors should be aware of[8]. - The company faces significant market competition risks due to the need for continuous technological advancement and innovation in the air conditioning heat exchanger equipment sector[85]. - There is a risk of declining gross margins due to rising raw material prices, increased labor costs, and the entry of more competitive players in the market[86]. - The company is at risk of talent shortages due to high demand for skilled workers in the manufacturing sector and the need to offer competitive compensation[88]. - The company’s overseas business growth exposes it to exchange rate risks that could impact financial performance[91]. Corporate Governance and Compliance - The company has maintained a strict internal control system and governance structure to protect the rights of shareholders, especially minority shareholders[118]. - The company has not disclosed any significant related party transactions or major contracts during the reporting period, indicating stable operational practices[115]. - The company has complied with the revised accounting standards effective from January 1, 2018, and has adjusted its financial reporting accordingly[110]. - The company has established a comprehensive employee training program to enhance talent development and maintain team stability[119]. Shareholder Information - The total number of ordinary shareholders increased from 8,909 to 9,012 during the reporting period[129]. - The company's total share capital increased from 80,000,000 shares to 112,000,000 shares due to a capital reserve conversion, resulting in a basic earnings per share of 0.36 RMB post-conversion[127]. - The top shareholder, Ningbo Chengxing Holdings Co., Ltd., holds 37,044,000 shares, representing 33.08% of the total shares[131]. - The company distributed a cash dividend of 1.50 RMB per 10 shares, totaling 12 million RMB[126]. Financial Management - The company has implemented various financial management strategies, including entrusted wealth management with a total amount of 27 million RMB across different financial products[116]. - The company has not reported any significant changes in its debt situation or credit status during the reporting period[122]. - The company has not engaged in any major mergers or acquisitions during the reporting period, reflecting a focus on organic growth[115].

2018 年第三季度报告 公司代码：603088 公司简称：宁波精达 宁波精达成形装备股份有限公司 2018 年第三季度报告 1 / 21 二、 公司基本情况 2.1 主要财务数据 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 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 公司负责人郑良才、主管会计工作负责人刘明君及会计机构负责人（会计主管人员）刘明君 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。 3 / 21 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 812,088,880.11 728,510,861.53 11.47 归属于上市公司 股东的净资产 51 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥144,633,037.24, a decrease of 0.41% compared to the same period last year[18]. - The net profit attributable to shareholders for the first half of 2018 was ¥14,203,800.95, representing an increase of 32.78% year-on-year[18]. - The net cash flow from operating activities increased by 50.05% to ¥30,568,477.74 compared to the same period last year[18]. - The total assets at the end of the reporting period were ¥781,593,844.06, an increase of 7.29% from the end of the previous year[18]. - The net assets attributable to shareholders at the end of the reporting period were ¥494,289,824.01, a slight increase of 0.45% from the previous year-end[18]. - The basic earnings per share for the first half of 2018 remained stable at ¥0.13, unchanged from the same period last year[19]. - The diluted earnings per share also remained at ¥0.13, consistent with the previous year[19]. - The weighted average return on equity increased to 2.86%, up by 0.60 percentage points compared to the same period last year[19]. - The company reported a significant increase in prepayments, rising by 447.71% to CNY 11,351,595.88, indicating increased material purchases[40]. - The company's operating costs decreased by 7.94% to CNY 88,785,389.78, contributing to improved profitability[38]. - The company reported a total comprehensive income of 14,885,003.68 RMB during the period[104]. Market Position and Strategy - The company has become one of the top five manufacturers of microchannel heat exchanger production equipment globally, benefiting from the promotion of new energy vehicles[28]. - The company focuses on technology innovation and has established a technical center with a well-structured R&D team, enhancing its core competitiveness[30]. - The company maintains a direct sales model and has accumulated a stable customer base, exporting products to over 40 countries and regions[31]. - The company emphasizes lean management and market-oriented operations to optimize its production processes and maintain market share[34]. - The company is actively developing new products related to new energy vehicles and lightweight automotive components to align with national strategic opportunities[28]. - The company plans to continue focusing on market expansion and new product development to sustain growth in the upcoming quarters[89]. Risks and Challenges - The company faces risks related to market competition and potential declines in gross margins due to rising raw material costs and increased competition[44][45]. - The company faces a risk of talent shortage due to high competition for skilled technical workers, which may lead to employee turnover if competitive compensation is not maintained[47]. - There is a risk of contract fulfillment as the company’s customized products require longer production cycles, potentially leading to unmet delivery deadlines[48]. - The company may experience accounts receivable risks due to delayed payment cycles associated with the custom nature of its products and delivery timelines[49]. - Exchange rate fluctuations pose a risk to the company's overseas business, which has seen rapid revenue growth, potentially impacting operating performance[50]. - Inventory risks arise from long production cycles, which may lead to price declines in raw materials and finished goods, as well as increased inventory backlog due to order surges[51]. Shareholder and Equity Information - The controlling shareholder's single increase in company shares must not be less than 20% of the total cash dividends received from the company since the beginning of the previous accounting year[61]. - The number of shares that the controlling shareholder can increase in a single transaction is limited to 2% of the total share capital of the company[61]. - Company directors and senior management are required to use at least 30% of their total annual salary from the previous year for share purchases, but not exceeding their total annual salary[61]. - If the stock price falls below the audited net asset value per share for 20 consecutive trading days, the company will initiate share repurchase and increase shareholding by controlling shareholders and directors[62]. - The company must announce the share repurchase resolution within 2 working days after the decision is made by the board of directors[63]. - The total number of shares before the recent change was 80,000,000, which increased by 32,000,000 to a total of 112,000,000 shares[70]. - The company distributed a cash dividend of RMB 0.15 per share and increased its total share capital from 80,000,000 shares to 112,000,000 shares through a capital reserve transfer of 0.4 shares for each share held[71]. - As of the end of the reporting period, the total number of ordinary shareholders was 9,915[73]. - The largest shareholder, Ningbo Chengxing Holdings Co., Ltd., held 37,044,000 shares, representing 33.08% of the total shares[75]. Accounting and Financial Policies - The company’s accounting policies comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of its financial status[112]. - The company’s financial statements are prepared based on actual transactions and events, following the accounting standards issued by the Ministry of Finance[110]. - The company recognizes cash equivalents as investments that are short-term (generally maturing within three months from the date of purchase), highly liquid, and easily convertible to known amounts of cash[122]. - The company assesses the carrying value of financial assets at the balance sheet date and recognizes impairment provisions if there is objective evidence of impairment[131]. - The company applies a percentage-based method for bad debt provisions on receivables, with specific rates such as 5% for receivables within one year and 100% for those over three years[135]. - The company recognizes short-term employee compensation as liabilities in the accounting period when services are provided, including social insurance and housing fund contributions[166]. - The company has established deferred tax assets based on deductible temporary differences and future taxable income[180]. - The company has no significant changes in accounting policies or estimates during the reporting period[181].