上海菲林格尔木业股份有限公司 2018 年第一季度报告 1 / 19 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 年第一季度报告 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。 二、 公司基本情况 2.1 主要财务数据 2018 年第一季度报告 公司代码：603226 公司简称：菲林格尔 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 | 957,334,871.12 | 981,246,740.24 | | -2.44% | | 归属于上市公司 | 749,958,110.46 | 729,917,532.53 | | 2.75% | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至 ...

Financial Performance - Operating revenue for the first nine months reached CNY 593,735,086.93, a growth of 20.53% compared to the same period last year[6] - Net profit attributable to shareholders increased by 10.30% to CNY 56,925,354.16 for the third quarter[7] - Basic and diluted earnings per share were both CNY 0.85, reflecting a 3.66% increase from the previous year[7] - The company's net profit for the first nine months of 2017 was CNY 71,204,895.88, compared to CNY 62,124,811.35 for the same period last year, reflecting a year-over-year increase of approximately 14.5%[29] - The net profit for Q3 2017 was CNY 28,145,164.40, an increase from CNY 24,192,926.96 in the same period last year, representing a growth of approximately 12.1%[31] - The total profit before tax for Q3 2017 was CNY 33,111,958.12, an increase from CNY 28,372,441.12 in the same period last year, representing a growth of approximately 16.2%[31] - The total revenue from sales of goods and services for the first nine months of 2017 reached CNY 646,653,716.79, up from CNY 550,649,055.84, indicating a year-on-year increase of about 17.4%[33] Assets and Liabilities - Total assets increased by 68.65% to CNY 969,225,414.71 compared to the end of the previous year[6] - The total liabilities of the company as of September 30, 2017, were CNY 261,294,223.80, slightly up from CNY 256,008,674.73 at the beginning of the year[27] - The company's equity increased to CNY 707,931,190.91 as of September 30, 2017, compared to CNY 318,698,272.45 at the beginning of the year, marking a significant growth of approximately 122.2%[28] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 71,626,389.17, up 22.11% year-on-year[6] - The company reported a significant increase in cash and cash equivalents, with a year-end balance of CNY 207,300,454.16, up from CNY 105,897,123.89, marking an increase of about 95.4%[34] - The cash flow from financing activities showed a net inflow of CNY 328,096,285.65, a significant improvement compared to a net outflow of CNY 3,517,513.84 in the previous year[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,311[13] - The top shareholder, Filinger Holdings, holds 30.00% of the shares, totaling 26,000,000 shares[13] Expenses and Investments - Sales expenses increased by 40.42% to ¥72,366,122.17, mainly due to costs associated with showroom and partnership with Bayern Munich[18] - Investment income surged to ¥3,480,361.02, a 2046.97% increase primarily from IPO-related funds[19] - The company incurred a total cash outflow from investing activities of CNY 539,813,662.37, compared to CNY 2,811,018.90 in the same period last year, indicating a substantial increase in investment activities[33] Government Support and Incentives - The company received government subsidies amounting to CNY 1,656,200.00 during the reporting period[9] - The company initiated a stock incentive plan, with the first grant approved on August 22, 2017[20] - The company completed the initial grant registration of the 2017 restricted stock incentive plan on October 16, 2017[23]

Financial Performance - The company's operating revenue for the first half of the year reached ¥364.83 million, an increase of 24.19% compared to ¥293.76 million in the same period last year[18]. - Net profit attributable to shareholders was ¥33.24 million, reflecting a 14.61% increase from ¥28.99 million year-on-year[18]. - The net cash flow from operating activities surged by 207.10%, amounting to ¥27.37 million compared to ¥8.91 million in the previous year[18]. - The company's net assets increased by 118.20% to ¥695.39 million from ¥318.70 million at the end of the previous year[18]. - Total assets rose by 60.50% to ¥922.40 million from ¥574.71 million at the end of the previous year[18]. - Basic earnings per share increased by 13.33% to ¥0.51 from ¥0.45 in the same period last year[19]. - The weighted average return on equity decreased by 0.54 percentage points to 9.91% from 10.45% year-on-year[19]. Dividend and Shareholder Information - The proposed cash dividend is RMB 1.8 per 10 shares, totaling RMB 15,600,600 to be distributed to shareholders[3]. - The total number of ordinary shareholders reached 18,313 by the end of the reporting period[95]. - The company plans to distribute a cash dividend of 1.80 yuan per 10 shares, with no stock bonus or capital increase planned[70]. - The company has committed to a lock-up period for its shares post-IPO, with specific conditions for share transfer and price maintenance[72]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[2]. - The company has engaged Lixin Certified Public Accountants for auditing services during the reporting period[16]. - The financial statements have been audited and are reported to fairly reflect the company's financial position as of June 30, 2017[109]. - The company has not reported any significant litigation or arbitration matters during the reporting period[80]. Risk Factors - The company faces market risks due to fluctuations in the real estate market, which could adversely affect business performance[56]. - Intense competition in the domestic wood flooring industry poses risks to maintaining market position and profitability[58]. - The company is at risk of being replaced by alternative flooring materials such as marble, tiles, and PVC[60]. - Raw material price volatility, particularly for high-density fiberboard and plywood, could impact operational costs[61]. - The company faces inventory risks due to rapid changes in consumer demand and market competition, which could lead to unsold products and financial losses[66]. Corporate Governance - The actual controller, Ding Furu, holds 37.375 million shares and may exert undue influence on major business decisions, potentially harming the interests of minority shareholders[67]. - All major shareholders are under the control of Ding Furu, with a combined ownership of 67.06%[99]. - The company has disclosed that there are no undisclosed related party transactions beyond those already reported to relevant intermediaries[76]. Financial Management - The financial expenses decreased by 64.89% to ¥1,167,183.49, reflecting improved financial management and reduced borrowing costs[49]. - Cash and cash equivalents increased by 420.75% to 436,010,191.99, representing 47.27% of total assets[52]. - The company reported a net cash outflow from investing activities of RMB 1,734,749.60, slightly improved from a net outflow of RMB 1,880,108.50 in the previous year[116]. Market Position and Strategy - The company has established a strong brand presence in the mid-to-high-end wood flooring market, recognized with multiple awards and certifications[32]. - The business model remains unchanged, primarily utilizing an agency model for distribution and management of dealers[28]. - The company continues to focus on product innovation, with a strategy of "developing one generation, reserving one generation, and launching one generation" to maintain market relevance[45]. Accounting Policies - The company's financial statements are prepared based on the assumption of going concern, indicating no significant issues affecting its ability to continue operations for at least 12 months[125]. - The accounting policies comply with the requirements of the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status and operating results[126]. - The company recognizes revenue from product sales when the significant risks and rewards of ownership have been transferred to the buyer[184]. Share Repurchase Plan - The company plans to initiate stock repurchase measures if the stock price falls below the net asset value per share for 20 consecutive trading days within three years post-IPO[74]. - The total shares repurchased cannot exceed 2% of the company's total share capital[74]. - The company commits to maintaining the integrity of its shareholding structure during these activities[74].