2017 年第一季度报告 公司代码：603089 公司简称：正裕工业 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 990,001,343.82 | 708,328,350.33 | | 39.77 | | 归属于上市公司 | 661,610,723.55 | 405,471,236.50 | | 63.17 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -5,636,169.33 | -4,590,060.22 | | -22.79 | | 现金流量净额 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减（%） | | | 营业收入 | 186,628,510.55 | 141,373,303.97 | | 32.01 | | 归属于上市公司 | 23 ...

Financial Performance - The company achieved operating revenue of CNY 691,866,834.24 in 2016, representing a year-on-year increase of 21.03% compared to CNY 571,645,291.06 in 2015[18]. - The net profit attributable to shareholders was CNY 88,201,452.73, reflecting a growth of 31.30% from CNY 67,177,353.32 in the previous year[18]. - Basic earnings per share increased by 30.95% to CNY 1.10 compared to CNY 0.84 in the previous year[19]. - Operating profit reached 103,179,100 CNY, up 38.62% compared to the previous year[45]. - The company reported a total profit of RMB 106,068,291.68, which is a 33% increase from RMB 79,757,800.53 in the previous year[165]. - The company reported a net profit margin improvement, with undistributed profits increasing to ¥186,194,170.72 from ¥141,291,093.79, a growth of about 32%[160]. Cash Flow - The net cash flow from operating activities was CNY 69,328,939.65, a decrease of 23.60% from CNY 90,741,935.88 in 2015[18]. - The company generated a net cash flow from operating activities of CNY 486,022.56 in the fourth quarter, following a negative cash flow of CNY 4,590,060.22 in the first quarter[22]. - Cash flow from operating activities decreased by 23.60% to CNY 69,328,939.65 compared to the same period last year[63]. - The cash flow from investing activities showed a net outflow of CNY 17,361,716.13, which is a 136.11% increase in outflow compared to the previous year[63]. Assets and Liabilities - Total assets increased by 21.98% to CNY 708,328,350.33 at the end of 2016, compared to CNY 580,708,338.52 at the end of 2015[18]. - Current assets rose to ¥479,357,991.67, up from ¥349,190,030.15, indicating a growth of about 37.2%[158]. - Accounts receivable increased significantly to ¥207,692,263.24 from ¥136,269,081.87, a rise of approximately 52.5%[158]. - Total liabilities increased to ¥302,857,113.83 from ¥227,438,554.75, reflecting a growth of about 33.2%[159]. Research and Development - Research and development expenses totaled 29.15 million RMB, accounting for 4.21% of operating revenue, with two invention patents obtained by the wholly-owned subsidiary[42]. - The company has a total of 161 R&D personnel, representing 11.87% of the total workforce[61]. - The company continues to focus on the research and development of automotive suspension systems, which is its primary business activity[193]. Market Position and Strategy - The company is recognized as a leading manufacturer in the automotive shock absorber industry in China, providing "one-stop" procurement solutions[28]. - The company aims to enhance its technology and management capabilities through collaboration with overseas shock absorber manufacturers[30]. - The company plans to increase the proportion of high-value-added products, such as suspension strut assemblies, and aims to provide comprehensive solutions for automotive suspension system design and manufacturing[79]. - The company aims to deepen its international market presence while expanding its domestic market and promoting its own brand products[81]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 3 per 10 shares, totaling CNY 32,001,000.00, with the remaining undistributed profits carried forward[2]. - In the last three years, the company has distributed cash dividends amounting to 32,001,000 RMB in 2016, 36,000,000 RMB in 2015, and 36,000,000 RMB in 2014, representing 36.28%, 53.59%, and 59.48% of the net profit attributable to ordinary shareholders respectively[90]. - The company adheres to a cash dividend policy, distributing no less than 30% of the average distributable profit over the last three years if there are no major investment plans or cash expenditures[88]. Corporate Governance and Compliance - The company has established internal control systems in compliance with relevant laws and regulations to ensure proper governance[145]. - The current auditor, Tianjian Accounting Firm, has been retained for four years, with an audit fee of 50,000 RMB[104]. - There are no significant lawsuits or arbitration matters reported for the year[106]. - The company has not faced any penalties from securities regulatory agencies in the past three years[139]. Employee and Social Responsibility - The company has established a comprehensive salary and welfare system, providing competitive compensation and social security for employees[110]. - The company promotes a learning organization, advocating for lifelong learning and establishing a systematic training mechanism to help employees become experts in their positions[110]. - The company has a strong commitment to social responsibility, including donations to local charities and educational funds to support underprivileged students[116].