2017 年第三季度报告 公司代码：603178 公司简称：圣龙股份 宁波圣龙汽车动力系统股份有限公司 2017 年第三季度报告 1 / 22 | 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 | 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 公司负责人罗玉龙、主管会计工作负责人钱毅及会计机构负责人（会计主管人员）许萍保证 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 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 | ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥702,998,496.55, representing a 17.40% increase compared to ¥598,829,290.96 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2017 was ¥35,101,449.04, up 13.37% from ¥30,960,980.14 in the previous year[16]. - The net cash flow from operating activities decreased by 30.29% to ¥54,995,265.05, down from ¥78,887,728.34 in the same period last year[16]. - The total assets at the end of the reporting period were ¥1,836,076,028.94, an increase of 20.78% from ¥1,520,154,331.13 at the end of the previous year[16]. - The net assets attributable to shareholders increased by 86.81% to ¥760,451,597.68, compared to ¥407,080,626.85 at the end of the previous year[16]. - Basic earnings per share for the first half of 2017 were ¥0.20, a decrease of 4.76% from ¥0.21 in the same period last year[17]. - The weighted average return on net assets was 7.88%, down 0.96 percentage points from 8.84% in the previous year[17]. - The company reported a total asset of RMB 183,607.60 million at the end of the reporting period, with overseas assets accounting for 26.56% of total assets[26]. - The company reported a non-recurring profit of RMB 6,480,287.62, after accounting for various non-operating income and expenses[20]. - The company achieved operating revenue of 702.99 million RMB, an increase of 17.40% compared to the previous year[46]. - The net profit attributable to shareholders reached 35.10 million RMB, reflecting a growth of 13.37%[46]. - Engine oil pump sales grew by 25.48%, while transmission oil pump sales increased by 10.05%[46]. - The company reported a significant increase in prepayments from customers, with a rise of 142.7% to CNY 272,800[51]. - The company's total equity attributable to shareholders increased by 86.81% to CNY 760.45 million, driven by the public issuance of 50 million shares[51]. - The company reported a significant increase in capital reserves to CNY 310,337,229.38 from CNY 17,323,912.10, reflecting a growth of approximately 1697.5%[107]. - The total comprehensive income for the first half of 2017 was CNY 40,517,725.83, compared to CNY 35,098,784.50 in the same period last year, reflecting a growth of 15.5%[114]. Operational Efficiency - The company has established a comprehensive procurement system for raw materials and components, ensuring efficient supply chain management[22]. - The company operates a lean production model, focusing on customized design and production based on customer orders, which enhances production efficiency and reduces waste[22]. - The company has implemented advanced digital design software like AutoCAD and Catia to enhance design quality and reduce development cycles[32]. - The company has a complete product verification standard and testing equipment that meets national and industry standards, ensuring product quality and reliability[38]. - The company has achieved significant cost advantages through technology upgrades, lean production methods, and a stable global supply chain[39]. - The company has established long-term stable partnerships with major automotive manufacturers, including Ford, General Motors, and Jaguar Land Rover, covering regions such as North America, Germany, and Japan[36]. - The company has developed 53 technology achievements, including 4 national torch plan projects and 47 municipal new products, along with 24 domestic invention patents and 97 utility model patents[30]. - The company has successfully developed products for global platforms, including the 6R140 automatic transmission hydraulic pump for Ford, marking a significant milestone in supplier collaboration[34]. Market and Product Development - The automotive parts industry in China is expected to maintain reasonable growth, supported by rising disposable income and urbanization trends[25]. - The company focuses on developing electric control pumps and electronic vacuum pumps to align with the trend of automotive electrification, enhancing fuel efficiency[30]. - The company has established a joint development center with Tsinghua University focusing on new energy electric drive systems, with over 60 core engineers involved[46]. - The company is investing heavily in R&D, with a budget increase of 30% to enhance product innovation and technology[68]. - New product launches are expected to contribute an additional 300 million in revenue by the end of the year[68]. - Market expansion plans include entering three new international markets by Q4 2017, aiming for a 10% market share in each[68]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the tech sector[68]. Risk Management - The company has outlined potential risks in the report, advising investors to be cautious regarding investment risks[3]. - The company faces risks related to fluctuations in downstream product demand, which could impact performance[58]. - The company faces risks of significant performance decline due to new technology and product replacements, requiring continuous upgrades and development of cost-effective new products[60]. - High customer concentration poses a risk, as the company's performance is heavily influenced by its relationships with major clients, and any failure to meet their needs could adversely affect results[60]. - Fluctuations in gross profit margins are a risk, as the pricing of auto parts is closely linked to the prices of finished vehicles, which are subject to intense market competition[60]. - The company is significantly affected by the volatility of raw material prices, which can impact production costs and profitability stability[61]. - Quality control risks are present, as any product quality issues leading to recalls could severely damage the company's market reputation and financial performance[62]. Shareholder and Governance - The company did not propose any profit distribution or capital reserve transfer to share capital during the reporting period[2]. - The company has commitments from major shareholders to not transfer their shares within a specified period, ensuring stability in ownership[64]. - The company reported a lock-up period of 36 months for shareholders, during which they cannot transfer or delegate management of their shares[65]. - The company will not repurchase shares held by shareholders during the lock-up period[66]. - The company has established a policy to maintain control over its shareholding structure during any potential reductions[66]. - The company will ensure compliance with relevant laws and regulations regarding share transfers and reductions[66]. - The company is committed to compensating investors for direct economic losses caused by false statements or omissions in the prospectus, ensuring investor protection, especially for small investors[69]. - The company will disclose any failure to fulfill commitments in a timely manner and apologize to shareholders and the public[70]. Financial Reporting and Compliance - The company has maintained compliance with accounting standards, ensuring the accuracy and completeness of its financial reporting[144]. - The financial statements reflect a continuous operation basis, indicating no significant doubts about the company's ability to continue its operations for the next 12 months[141]. - The company has made changes to its accounting policies due to the revised accounting standards effective from June 12, 2017, resulting in an increase of RMB 1,874,194.46 in "Other Income" and a decrease of the same amount in "Non-operating Income" for the reporting period[84]. - The company includes all controlled subsidiaries in the consolidated financial statements based on the parent company's financial statements[150]. - The company recognizes financial liabilities when the current obligations are fully or partially discharged[157]. - The company uses valuation techniques to determine the fair value of financial assets and liabilities, categorized into three levels based on the observability of inputs[158]. - The company recognizes gains or losses from the disposal of equity interests based on the difference between the carrying amount and the actual consideration received[173].

Financial Performance - Operating revenue for the period was CNY 361,289,928.69, representing a 13.40% increase year-on-year[6] - Net profit attributable to shareholders was CNY 25,107,311.44, an increase of 11.85% compared to the same period last year[6] - Basic earnings per share rose by 13.33% to CNY 0.17 per share[6] - The company reported a 35.93% increase in cash paid for goods and services, totaling ¥253,400,856.58, reflecting higher sales revenue[17] - The total profit for Q1 2017 was CNY 30,377,269.30, an increase of 8.3% from CNY 28,038,296.48 in the previous year[30] - The company's operating profit for Q1 2017 was CNY 23,292,025.34, a slight decrease of 6.7% from CNY 24,966,557.80 in Q1 2016[30] - The net profit for Q1 2017 reached CNY 27,975,633.77, representing an increase of 12.4% compared to CNY 24,997,651.49 in the same period last year[30] - The total operating costs for Q1 2017 were CNY 341,619,195.07, up from CNY 295,643,609.78, reflecting a year-over-year increase of 15.5%[29] Asset and Equity Growth - Total assets increased by 25.53% to CNY 1,908,227,107.55 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 90.48% to CNY 775,410,062.40 compared to the end of the previous year[6] - Owner's equity increased to CNY 739,897,122.14 from CNY 380,884,108.62, showing a growth of 94.3%[28] - Non-current assets totaled CNY 473,889,401.25, compared to CNY 433,313,237.97 at the beginning of the year, indicating a growth of 9.1%[27] - Cash and cash equivalents increased by 289.97% to ¥443,315,301.10 compared to the previous year-end, primarily due to the public offering of 50 million shares, raising net funds of ¥341,032,900[13] Cash Flow Analysis - Net cash flow from operating activities decreased by 54.14% to CNY 35,396,385.44 compared to the same period last year[6] - The net cash flow from operating activities for Q1 2017 was ¥35,396,385.44, a decrease of 54.5% compared to ¥77,183,343.18 in the previous year[36] - The cash flow from operating activities totaled ¥196,766,522.03, slightly up from ¥191,842,556.29 in the previous year[37] - The cash flow from operating activities netted ¥36,612,597.95, down from ¥58,889,055.38 in the previous year[37] - The cash outflow for purchasing goods and services was ¥253,400,856.58, an increase from ¥186,424,904.07 in the previous year[36] Financing Activities - The net cash flow from financing activities increased significantly by 1603.29% to ¥338,069,472.46, driven by the public offering and net fundraising of ¥34,103,290[19] - Total cash inflow from financing activities reached ¥444,367,607.95, significantly higher than ¥53,216,500.00 in the same period last year[37] - The net cash flow from financing activities was ¥338,069,472.46, compared to a negative cash flow of -¥22,488,692.77 in the previous year[37] Liabilities and Expenses - Current liabilities amounted to CNY 336,650,966.28, an increase from CNY 313,612,959.62, reflecting a rise of 7.4%[27] - Total liabilities were CNY 344,056,502.98, compared to CNY 321,423,205.11, marking an increase of 7.0%[28] - The company's long-term debt repayment increased by 42.98% to ¥99,807,338.12, reflecting the repayment of maturing long-term borrowings[19] - The company's management expenses increased to CNY 37,519,020.94 in Q1 2017, up 13.9% from CNY 33,175,246.59 in the previous year[30] - The financial expenses for Q1 2017 were CNY 6,460,468.00, an increase of 9.5% from CNY 5,899,394.37 in Q1 2016[30] Investment and Income - Investment income rose by 79.46% to ¥3,621,291.72, primarily due to profit growth from the associate Warner Saint Dragon[15] - The company reported non-operating income of CNY 5,965,629.56 after tax adjustments[8] - The company received ¥354,663,000.00 from investment absorption during the quarter[38] - The company's asset impairment losses increased by 320.02% to ¥1,107,277.02, primarily due to an increase in accounts receivable[15]