2020 年第三季度报告 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 公司负责人李起富、主管会计工作负责人刘 玲及会计机构负责人（会计主管人员）胡卫琴 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。 公司代码：603239 公司简称：浙江仙通 浙江仙通橡塑股份有限公司 2020 年第三季度报告 1 / 25 | 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 | 二、 公司基本情况 2.1 主要财务数据 3 / 25 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 1,097,919,553.22 1,196,959,826.65 -8.27 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 2020 was ¥264,467,056.24, a decrease of 11.37% compared to ¥298,390,732.51 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was ¥51,562,207.89, an increase of 13.66% from ¥45,366,043.09 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥49,781,917.69, which represents a 27.17% increase from ¥39,146,431.49 in the same period last year[16]. - The net cash flow from operating activities was ¥32,646,487.49, down 63.17% from ¥88,633,909.72 in the previous year[16]. - In the first half of 2020, the company's total revenue was ¥264,467,056.24, a decrease of 11.37% year-on-year, while net profit increased by 13.66% to ¥51,562,207.89[34]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,066,242,811.60, a decrease of 10.92% compared to ¥1,196,959,826.65 at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company decreased by 8.41% to ¥913,012,739.82 from ¥996,810,531.93 at the end of the previous year[16]. - Total liabilities decreased to CNY 291,807,026.21 from CNY 318,971,100.67, reflecting a reduction of 8.5%[76]. - Total equity decreased to CNY 820,504,739.68 from CNY 918,204,687.33, a decline of 10.6%[76]. Shareholder Information - The company reported a total of 14,529 common stock shareholders at the end of the reporting period[60]. - The largest shareholder, Li Qifu, holds 127,800,000 shares, representing 47.21% of the total shares[62]. - Jin Guiyun holds 34,200,000 shares, accounting for approximately 12.63% of the total shares[63]. - The company has a total of 18,000,000 shares held by Shao Xuejun, which is about 6.65% of the total shares[63]. Research and Development - The company has developed strong technical advantages with 52 patents related to core technologies, including 6 invention patents and 46 utility model patents[26]. - The company emphasizes R&D investment, particularly in new product development to maintain high profit margins[26]. - The company has established a research center in collaboration with Zhejiang University, enhancing its R&D capabilities and holding 52 industry patents[35]. Production and Operations - The company has a self-manufacturing rate of over 90% for tooling and molds, significantly reducing equipment costs and improving product gross margins[30]. - The company has implemented a flexible production model that combines push and pull strategies, improving production efficiency and reducing costs[29]. - The company has expanded its production capacity with the completion of an 80 million meter automotive rubber sealing strip project, adding seven new production lines and advanced equipment[36]. Market Position and Strategy - The company has maintained a leading market position due to its focus on high-end sealing strips, aiming to replace imports in niche markets[24]. - The automotive sealing strip industry is characterized by strong customization requirements, with new model development requiring separate mold creation[24]. - The company has established partnerships with major automotive manufacturers, including Geely, SAIC-GM, and FAW-Volkswagen, enhancing its customer resource advantage[35]. Environmental Compliance - The company and its subsidiaries are not classified as key pollutant discharge units and comply with national environmental protection laws[56]. - The company has implemented necessary measures for pollutant treatment, ensuring emissions meet standards and do not significantly impact the surrounding environment[56]. - The company has received environmental impact assessment approvals for all production projects from the local environmental protection bureau[57]. Corporate Governance - The company has renewed the appointment of the accounting firm for the 2020 financial report and internal control audit, approved by the shareholders' meeting[52]. - There are no significant litigation or arbitration matters during the reporting period[53]. - The integrity status of the company and its controlling shareholders is good, with no overdue debts or unfulfilled commitments reported[53]. Financial Reporting and Accounting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance[111]. - The company will implement the revised accounting standards for revenue recognition starting January 1, 2020, as mandated by the Ministry of Finance[184]. - The company has not disclosed any significant changes in accounting policies or estimates during the reporting period[58].

Financial Performance - Operating revenue for the period was CNY 140,187,128.17, down 10.26% year-on-year[5] - Net profit attributable to shareholders of the listed company rose by 13.95% to CNY 31,736,927.78[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 28.75% to CNY 30,355,158.85[5] - Basic and diluted earnings per share were both CNY 0.12, representing a 20.00% increase[5] - Operating profit for Q1 2020 increased to CNY 35,884,072.07, compared to CNY 27,330,223.96 in Q1 2019, reflecting a growth of 31.5%[23] - Net profit for Q1 2020 was CNY 35,644,342.84, up from CNY 31,790,880.80 in Q1 2019, indicating a growth of 12.0%[23] - The total comprehensive income for Q1 2020 was ¥22,832,559.61, an increase from ¥20,618,069.87 in Q1 2019[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,177,280,658.47, a decrease of 1.64% compared to the end of the previous year[5] - Total liabilities as of March 31, 2020, were CNY 279,052,683.94, down from CNY 318,971,100.67 at the end of 2019, representing a reduction of 12.5%[21] - Current liabilities decreased to CNY 140,116,657.70 from CNY 191,831,758.11, reflecting a reduction in short-term obligations[16] - Total assets as of March 31, 2020, were CNY 1,220,089,930.88, a slight decrease from CNY 1,237,175,788.00 at the end of 2019[21] - The company’s total liabilities to total assets ratio stands at approximately 16.7% as of Q1 2020, indicating a relatively low leverage position[38] Cash Flow - The net cash flow from operating activities was negative at CNY -20,780,081.76, a decrease of 154.77% compared to the same period last year[5] - The company reported a net cash outflow from operating activities of ¥20,780,081.76 in Q1 2020, compared to a net inflow of ¥37,938,112.77 in Q1 2019[31] - The cash inflow from operating activities totaled ¥101,355,192.84 in Q1 2020, compared to ¥153,197,611.42 in Q1 2019[29] - The company reported a significant increase in financial income, with interest income rising to ¥2,312,389.92 in Q1 2020 from ¥749,132.78 in Q1 2019[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,586[9] - The largest shareholder, Li Qifu, held 47.21% of the shares, with 14,500,000 shares pledged[9] Expenses - Sales expenses decreased by 35.94% to CNY 8,060,934.60, mainly due to lower freight and entertainment costs[13] - The company reported a decrease in research and development expenses to CNY 5,999,372.12 in Q1 2020 from CNY 7,572,928.28 in Q1 2019, a reduction of 20.8%[23] Inventory and Prepayments - Inventory decreased to CNY 93,086,989.95 from CNY 112,038,497.87, indicating improved inventory management[15] - Prepayments increased by 42.62% to CNY 4,352,934.07 compared to the previous year[13] - Other payables decreased by 65.35% to CNY 205,931.49, primarily due to reduced storage fees[13] Future Outlook - The company has not indicated any significant changes in its future outlook or strategies during the reporting period[12] - The company has implemented new revenue and leasing standards starting in 2020, which may impact future financial reporting and performance metrics[34] - The company adopted new revenue accounting standards effective January 1, 2020, impacting financial reporting[41]

Financial Performance - In 2019, the company's operating revenue was RMB 642,478,981.17, a decrease of 8.80% compared to RMB 704,488,763.82 in 2018[20]. - The net profit attributable to shareholders was RMB 97,388,429.20, down 20.44% from RMB 122,414,143.31 in the previous year[20]. - The basic earnings per share decreased to RMB 0.36, a decline of 20.00% from RMB 0.45 in 2018[21]. - The total revenue for 2019 was approximately ¥642.48 million, representing a decrease of 8.80% year-over-year[42]. - The net profit attributable to the parent company was approximately ¥97.39 million, reflecting a year-over-year decline of 20.44%[42]. - The gross profit margin for automotive components was 35.80%, a decrease of 3.08 percentage points compared to the previous year[50]. - The company reported a total comprehensive income for 2019 of CNY 97.39 million, down from CNY 122.41 million in 2018, reflecting a decline of 20.5%[159]. Assets and Liabilities - The total assets at the end of 2019 were RMB 1,196,959,826.65, an increase of 3.04% compared to RMB 1,161,618,607.76 at the end of 2018[20]. - The company reported a net asset attributable to shareholders of RMB 996,810,531.93, an increase of 1.65% from RMB 980,638,102.73 in 2018[20]. - Total liabilities rose to CNY 200,149,294.72 from CNY 180,980,505.03, marking an increase of about 10.6%[152]. - Shareholders' equity reached CNY 996,810,531.93, up from CNY 980,638,102.73, which is an increase of approximately 1.6%[152]. - Cash and cash equivalents decreased to CNY 253,256,532.82 from CNY 283,158,325.87, a decline of about 10.5%[150]. Cash Flow - The cash flow from operating activities was RMB 121,441,807.04, showing a slight decrease of 0.15% from RMB 121,620,931.09 in 2018[20]. - The company reported a net cash flow from operating activities of CNY 121,441,807.04, a slight decrease of 0.15% year-on-year[47]. - Cash received from sales and services decreased by 15.4% to ¥565,761,740.41 compared to the same period last year[58]. - Cash outflow for investment activities totaled CNY 453,201,985.57, a decrease of 28.6% from CNY 634,833,768.15 in 2018[168]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 5.00 per share, totaling RMB 135,360,000.00 based on the total share capital of 270,720,000 shares[5]. - The cash dividend distribution for 2018 was RMB 3.00 per 10 shares, totaling RMB 81.22 million, reflecting a clear and consistent dividend policy[73]. - The company plans to distribute a cash dividend of CNY 135,360,000, which accounts for 138.99% of the net profit attributable to the parent company in the consolidated financial statements[96]. Research and Development - The company has a strong emphasis on R&D investment, continuously innovating new products to maintain competitive advantages in the market[34]. - Research and development expenses amounted to CNY 30,765,637.85, representing 4.79% of operating revenue[57]. - The company is actively investing in R&D, with a focus on developing innovative materials and technologies to enhance product offerings[120]. Market and Industry Dynamics - The automotive sealing strip industry is characterized by high customization, with new model development requiring dedicated tooling[32]. - The automotive industry faced a 7.5% decline in production and an 8.2% decline in sales in 2019, indicating a challenging market environment[65]. - The company aims to replace imported high-end sealing strips, leveraging over 20 years of experience and technological advantages in the market[33]. Corporate Governance and Compliance - The company has established clear guidelines for related party transactions to ensure fairness and compliance with regulations[77]. - The company has committed to maintaining independence in its operations to avoid conflicts of interest with its controlling shareholder[77]. - The independent auditor issued an unqualified opinion on the financial statements, confirming they fairly reflect the company's financial position as of December 31, 2019[140]. Employee and Management Practices - The company has implemented a management philosophy focused on employee welfare, providing competitive salaries and promoting professional development[96]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period was 5.2615 million yuan[122]. - The company conducts regular professional training to enhance employees' technical and business skills[128]. Environmental and Social Responsibility - The company emphasizes environmental protection and adheres to relevant laws and regulations, ensuring no significant pollution sources in its production processes[98]. - The company has actively engaged in public welfare activities, contributing to local development and charitable donations[97]. - The company has established environmental protection facilities that meet standards for waste gas, wastewater, and noise[99].

证券代码：603239 证券简称：浙江仙通 公告编号：2019-046 浙江仙通橡塑股份有限公司 关于参加投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步加强与投资者的沟通交流，浙江仙通橡塑股份有限公司（以下简称 "公司"）将参加由中国证监会浙江监管局指导、浙江上市公司协会与深圳市全景 网络有限公司共同举办的"沟通促发展 理性共成长"辖区上市公司投资者网上集 体接待日主题活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网上 平台举行，投资者可以登录"全景·路演天下"网站（http://rs.p5w.net）参与 公司本次投资者网上接待日活动。网上互动交流时间为 2019 年 11 月 5 日（星 期二）下午 15:30-17:00。 届时公司副总经理兼董事会秘书项青锋先生、财务总监刘玲女士及相关工作 人员将采用网络远程方式与投资者进行沟通交流。 欢迎广大投资者积极参与。 特此公告。 浙江仙通橡塑股份有限公司 董 事 会 二〇一九年十月三十 ...

Financial Performance - Net profit attributable to shareholders was CNY 62,164,706.42, down 45.39% year-on-year[7]. - Operating revenue for the period was CNY 437,633,882.45, representing an 18.31% decrease compared to the same period last year[7]. - Basic earnings per share decreased by 45.24% to CNY 0.23[8]. - The weighted average return on equity decreased by 5.3 percentage points to 6.55%[8]. - Net profit declined by 45.39% to CNY 62,164,706.42, primarily due to a decrease in operating revenue[14]. - Total operating revenue for Q3 2019 was ¥139,243,149.94, a decrease of 8.7% compared to ¥151,353,962.05 in Q3 2018[23]. - Net profit for Q3 2019 was ¥16,798,663.33, a decline of 32.4% from ¥24,805,891.02 in Q3 2018[24]. - Total comprehensive income for the first three quarters of 2019 was ¥62,164,706.42, down from ¥113,831,312.22 in the same period of 2018[24]. - Net profit for Q3 2019 was CNY 11,689,557.58, down 33.5% from CNY 17,638,135.02 in Q3 2018[30]. - Operating profit for Q3 2019 was CNY 14,165,804.64, a decrease of 33% from CNY 21,120,602.38 in Q3 2018[29]. Cash Flow - The net cash flow from operating activities increased by 162.76% to CNY 190,106,437.55 year-to-date[7]. - Net cash flow from operating activities increased by 162.76% to CNY 190,106,437.55, attributed to the collection of receivables[14]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 505,678,624.14, an increase of 8.6% from CNY 465,496,358.19 in the same period of 2018[31]. - The net cash flow from operating activities for the first nine months of 2019 was RMB 187,335,606.37, a 160.4% increase from RMB 72,017,934.74 in 2018[33]. - Operating cash flow for Q3 2019 was RMB 190,106,437.55, a significant increase of 163.5% compared to RMB 72,350,041.46 in Q3 2018[32]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,132,421,842.88, a decrease of 2.51% compared to the end of the previous year[7]. - Total current assets decreased to CNY 716,955,414.08 from CNY 761,354,679.67[16]. - Total liabilities decreased to CNY 170,835,033.73 from CNY 180,980,505.03[18]. - Total assets decreased to CNY 1,132,421,842.88 from CNY 1,161,618,607.76[18]. - Total liabilities increased to ¥266,162,081.64 in Q3 2019 from ¥248,318,742.25 in Q3 2018, representing a growth of 7.6%[22]. - Total equity decreased to ¥892,769,123.24 in Q3 2019 from ¥934,733,880.64 in Q3 2018, a decline of 4.5%[23]. - Total assets decreased to ¥1,158,931,204.88 in Q3 2019 from ¥1,183,052,622.89 in Q3 2018, a reduction of 2.0%[23]. - Total liabilities amounted to CNY 180,980,505.03, with current liabilities totaling CNY 176,597,363.36[37]. - Total equity reached CNY 980,638,102.73, with retained earnings of CNY 341,446,095.36[37]. Investments and Income - Investment income decreased by 54.92% to CNY 2,125,379.51 due to reduced financial management income[14]. - The company experienced a significant increase in investment income, reporting CNY 751,635.80 in Q3 2019 compared to CNY 1,194,055.74 in Q3 2018[29]. - The total assets impairment loss for Q3 2019 was CNY 169,615.39, compared to CNY 783,197.71 in Q3 2018, indicating improved asset management[29]. Shareholder Information - The total number of shareholders at the end of the reporting period was 14,759[10]. - The total equity attributable to shareholders was CNY 934,733,880.64, showcasing strong shareholder value[39].

Financial Performance - The company's operating revenue for the first half of 2019 was ¥298,390,732.51, a decrease of 22.37% compared to ¥384,397,545.57 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2019 was ¥45,366,043.09, down 49.04% from ¥89,025,421.20 in the previous year[20]. - The basic earnings per share for the first half of 2019 was ¥0.17, a decrease of 48.48% from ¥0.33 in the same period last year[21]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, which was ¥39,146,431.49, down 52.76% from ¥82,871,769.97 in the previous year[20]. - The company's gross profit margin remains high due to a self-manufacturing rate of over 90% for tooling and molds, which effectively reduces equipment costs[34]. - The total operating revenue for the first half of 2019 was CNY 298,390,732.51, a decrease of 22.4% compared to CNY 384,397,545.57 in the same period of 2018[85]. - Net profit for the first half of 2019 was CNY 45,366,043.09, representing a decline of 49.1% from CNY 89,025,421.20 in the previous year[86]. - The comprehensive income for the first half of 2019 was ¥45,366,043.09, contributing positively to the overall financial health of the company[102]. Cash Flow and Assets - The net cash flow from operating activities increased by 139.00% to ¥88,633,909.72, compared to ¥37,085,463.16 in the same period last year[20]. - The operating cash flow for the first half of 2019 was ¥88,633,909.72, a significant increase of 139% compared to ¥37,085,463.16 in the previous year[40]. - Cash and cash equivalents decreased by 59.19%, primarily due to the purchase of financial products[44]. - The company's cash and cash equivalents were CNY 115,567,617.10, down from CNY 283,158,325.87, a decrease of about 59.11%[77]. - The total assets at the end of the reporting period were ¥1,080,988,356.90, a decrease of 6.94% from ¥1,161,618,607.76 at the end of the previous year[20]. - The company's current assets decreased to CNY 674,329,353.57 from CNY 761,354,679.67, reflecting a reduction of about 11.43%[77]. - The total liabilities decreased to CNY 136,200,211.08 from CNY 180,980,505.03, indicating a decline of approximately 24.83%[79]. - The total assets of the company were CNY 1,103,378,511.51, down from CNY 1,183,052,622.89 in the previous year[86]. Shareholder Information - The company did not distribute profits or increase capital from reserves during the reporting period[4]. - The company has committed to a lock-up period of 36 months for major shareholders, during which they will not transfer or manage their shares[55]. - The total number of ordinary shareholders at the end of the reporting period was 16,269[66]. - The largest shareholder, Li Qifu, held 127,800,000 shares, representing 47.21% of the total shares[69]. - The second-largest shareholder, Jin Guiyun, held 34,200,000 shares, representing 12.63% of the total shares, with 5,000,000 shares pledged[69]. Market and Industry Insights - The company has outlined various market, industry, and operational risks in the report, emphasizing the need for investors to be aware of these risks[6]. - The automotive sealing strip industry is characterized by strong customization demands, requiring unique mold development for each new vehicle model[28]. - The automotive parts industry is becoming increasingly closed, making it essential for suppliers to have strong technical and management capabilities to enter large automotive companies[28]. - New energy vehicle sales in the first half of 2019 reached 614,000 units, marking a year-on-year increase of 48.5%[36]. Research and Development - The company has developed strong technical advantages with 50 patents related to core technologies, including 6 invention patents and 44 utility model patents[30]. - The company emphasizes R&D investment in new products to maintain high profit levels and adapt to new vehicle models[30]. - Research and development expenses for the first half of 2019 were CNY 15,358,304.70, slightly down from CNY 16,612,005.24 in the same period of 2018[86]. Governance and Compliance - The company has appointed Lixin Certified Public Accountants as the auditing firm for the 2019 fiscal year[58]. - There are no significant lawsuits or arbitration matters reported during the reporting period[58]. - The integrity status of the company and its major shareholders is good, with no overdue debts or unfulfilled commitments[58]. - The company strictly adhered to environmental protection laws and regulations, with no violations or pollution incidents reported during the reporting period[62]. Accounting Policies and Changes - The company did not report any changes in accounting policies or prior period error corrections during the first half of 2019[107]. - The accounting policy changes were primarily due to the implementation of new financial reporting formats issued by the Ministry of Finance[197]. - The company’s accounting policies and estimates are tailored to its operational characteristics[117].

Financial Performance - Operating income for the period was ¥156,219,049.07, representing an 18.08% decrease year-over-year[6] - Net profit attributable to shareholders was ¥23,577,628.19, down 39.27% from the same period last year[6] - Basic and diluted earnings per share decreased to ¥0.10, down 28.57% from ¥0.14 in the previous year[6] - The company reported a significant decrease in net profit due to lower operating income and increased costs[6] - Total operating revenue for Q1 2019 was ¥156,219,049.07, a decrease of 18% compared to ¥190,708,719.46 in Q1 2018[21] - The net profit for Q1 2019 was ¥20,618,069.87, down 37.00% from ¥32,707,067.82 in Q1 2018[25] - The total profit for Q1 2019 was ¥23,397,975.45, a decline of 38.73% from ¥38,010,921.25 in Q1 2018[24] - Operating profit for Q1 2019 was ¥18,937,318.61, down 50.32% from ¥38,149,736.78 in Q1 2018[24] Cash Flow - Cash flow from operating activities increased significantly to ¥37,938,112.77, a 100.48% increase compared to the previous year[6] - Net cash flow from operating activities rose by 100.48% to ¥37,938,112.77 from ¥18,923,831.90, attributed to increased tax and fee refunds received[12] - The net cash flow from operating activities for Q1 2019 was ¥37,938,112.77, a significant increase from ¥18,923,831.90 in Q1 2018, representing a growth of approximately 100.6%[28] - The cash flow from investment activities showed a net outflow of ¥207,600,177.39, compared to a net outflow of ¥85,776,607.60 in the previous year, indicating a worsening investment cash flow situation[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,166,259,106.48, a 0.40% increase compared to the previous year[6] - Total current assets were reported at ¥758,600,262.46, a slight decrease from ¥761,354,679.67[16] - Total liabilities decreased to ¥231,726,608.41 in Q1 2019 from ¥248,318,742.25 in Q4 2018, indicating a reduction in financial obligations[19] - Non-current assets increased to ¥435,141,080.29 in Q1 2019 from ¥427,497,638.38 in Q4 2018, reflecting ongoing investments[19] - Total liabilities reached CNY 180,980,505.03, with current liabilities at CNY 176,597,363.36[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,580[10] - The largest shareholder, Li Qifu, holds 127,800,000 shares, accounting for 47.21% of the total shares[10] Other Financial Metrics - The weighted average return on equity decreased to 2.80%, down 1.02 percentage points from the previous year[6] - Non-recurring gains and losses totaled ¥4,273,607.00 for the period[9] - Research and development expenses for Q1 2019 were ¥7,572,928.28, slightly down from ¥7,914,842.38 in Q1 2018[21] - Deferred income tax liabilities increased to ¥3,521,478.54 in Q1 2019 from ¥2,767,685.48 in Q4 2018, suggesting changes in tax planning or liabilities[19] Cash and Cash Equivalents - Cash and cash equivalents decreased by 64.87% to ¥99,463,415.64 from ¥283,158,325.87 due to idle funds being used to purchase financial products[12] - The company's cash inflow from operating activities in Q1 2019 was ¥150,152,322.47, slightly up from ¥147,341,215.50 in Q1 2018, showing a growth of about 1.2%[31] - The total cash and cash equivalents at the end of Q1 2019 were ¥89,357,685.57, down from ¥259,019,750.19 at the beginning of the period, reflecting a decrease of approximately 65.5%[29] Financial Standards - The company executed new financial accounting standards starting January 1, 2019[42] - The company reported no adjustments applicable to the financial statements[43]

Financial Performance - The company's operating revenue for 2018 was RMB 704,488,763.82, a decrease of 3.77% compared to RMB 732,122,585.56 in 2017[22] - The net profit attributable to shareholders for 2018 was RMB 122,414,143.31, down 28.05% from RMB 170,135,586.69 in the previous year[22] - The basic earnings per share for 2018 were RMB 0.45, a decline of 28.57% from RMB 0.63 in 2017[23] - The weighted average return on equity decreased to 12.54%, down 5.82 percentage points from 18.36% in 2017[23] - The gross margin for rubber sealing strips was 37.69%, down 4.62 percentage points compared to the previous year[52] - The automotive parts segment generated revenue of ¥684,419,650.06, with a gross margin of 38.88%, reflecting a decrease of 4.57 percentage points year-on-year[51] - The company reported a total revenue of 180 million in the latest fiscal year, maintaining a stable performance[125] Cash Flow and Investments - The cash flow from operating activities increased significantly by 112.90% to RMB 121,620,931.09, compared to RMB 57,127,146.07 in 2017[22] - Cash received from sales increased by 27.21% to ¥669,385,320.48 compared to the previous year[61] - Cash flow from investment activities decreased by 33.72% to ¥570,000,000.00, mainly due to reduced purchases of financial products[61] - Cash and cash equivalents increased by 76.80% to ¥283,158,325.87, attributed to reduced investment in financial products[63] - The net increase in cash and cash equivalents was ¥112,237,585.90, contrasting with a decrease of ¥326,915,874.61 in the prior period[173] Production and Sales - The production of rubber sealing strips was 6,729.33 million meters, a decrease of 5.56% year-on-year, while sales were 7,001.74 million meters, an increase of 0.97%[53] - The company expanded its production capacity for rubber automotive sealing parts, with an annual production target of 80 million meters set to commence in 2019[46] - Total operating costs increased to CNY 580,195,659.19, up 5.7% from CNY 549,138,206.53 in the prior year[166] Research and Development - Research and development expenses increased by 8.55% to ¥33,263,810.29, reflecting the company's commitment to innovation[49] - The number of R&D personnel was 214, making up 13.46% of the total workforce[59] - The company has over 50 patents related to core technologies, including 6 invention patents and 44 utility model patents, showcasing its strong technical development advantage[36] Market and Industry Trends - The automotive market in China is expected to enter a low growth phase in 2019, with government stimulus effects being limited[71] - The automotive sealing strip industry is characterized by strong customization demands, with each new vehicle model requiring unique mold development[34] - The company is actively developing new energy vehicles in collaboration with major automotive manufacturers, indicating a strategic focus on market expansion[44] Governance and Compliance - The company has established a governance structure that ensures independence between the controlling shareholder and the listed company, achieving "five independences" in personnel, assets, finance, institutions, and business[138] - The company ensures compliance with information disclosure standards, adhering to principles of fairness, justice, and openness[139] - The internal control audit report was issued by Lixin Accounting Firm, confirming that the financial statements fairly reflect the company's financial status as of December 31, 2018[148] Shareholder and Dividend Information - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares for the 2018 fiscal year, totaling RMB 81,216,000.00, which is 66.35% of the net profit attributable to ordinary shareholders[78] - Since its listing in 2016, the company has distributed a total cash dividend of approximately ¥270,720,000, including the 2018 dividend[102] - The company reported a profit distribution of CNY -135,360,000.00 to shareholders, indicating a reduction in dividends[182] Employee and Community Engagement - The company has maintained a competitive salary structure and provided various employee benefits, including medical assistance and training programs[101] - The company has actively participated in poverty alleviation efforts, donating ¥100,000 in 2018 to support industrial assistance in Baoyang Village, Sichuan Province[99] - The company has committed to a sustainable development strategy, focusing on green practices and community engagement[102] Risk Management - The company has not reported any risks identified by the supervisory board during the reporting period[143] - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental protection bureau[104] Financial Position - The total assets at the end of 2018 were RMB 1,161,618,607.76, a decrease of 3.54% from RMB 1,204,232,174.14 in 2017[22] - The company's equity attributable to shareholders decreased from ¥993,583,959.42 to ¥980,638,102.73, a decline of about 1.3%[163] - The total liabilities decreased from ¥210,648,214.72 to ¥180,980,505.03, a reduction of approximately 14.1%[162]

Financial Performance - Net profit attributable to shareholders decreased by 6.41% to CNY 113,831,312.22 for the first nine months of the year[6] - Operating revenue increased by 8.10% to CNY 535,751,507.62 for the first nine months of the year[6] - Total profit for the first nine months of 2018 was CNY 103,442,558.31, compared to CNY 173,605,418.45 in the same period of 2017, representing a decline of about 40.4%[29] - Net profit for Q3 2018 was CNY 24,805,891.02, a decrease from CNY 26,007,074.42 in Q3 2017, representing a decline of approximately 4.6%[26] - Operating profit for Q3 2018 was CNY 29,555,915.53, down from CNY 34,832,597.45 in Q3 2017, showing a decrease of around 15.5%[26] - The basic earnings per share for Q3 2018 was CNY 0.09, down from CNY 0.10 in Q3 2017, reflecting a decrease of 10%[28] - The company reported a net profit of 0.07 CNY per share for Q3 2018, compared to 0.26 CNY in the same period last year, indicating a decrease of approximately 73.1%[30] Cash Flow and Investments - Net cash flow from operating activities increased by 111.17% to CNY 72,350,041.46 for the first nine months of the year[6] - Operating cash flow for the first nine months of 2018 was 72,350,041.46 CNY, up from 34,260,843.49 CNY in the previous year, representing an increase of 111.1%[32] - Total cash inflow from operating activities reached 465,496,358.19 CNY, compared to 353,282,630.29 CNY in the same period last year, marking a growth of 31.8%[32] - Cash outflow for purchasing goods and services was 171,807,219.39 CNY, up from 115,982,859.85 CNY, reflecting a rise of 48.1%[32] - The company recorded a net cash flow from investment activities of 1,151,839.46 CNY, a significant improvement from a net outflow of -314,298,789.46 CNY in the previous year[32] - Cash and cash equivalents at the end of the period stood at 84,924,045.21 CNY, compared to 65,399,316.71 CNY at the end of the previous year, an increase of 29.5%[33] - The company received 584,715,200.94 CNY from investment recoveries, up from 409,243,020.55 CNY in the same period last year, indicating a growth of 42.8%[35] - Total cash outflow for investment activities was 582,293,785.78 CNY, down from 844,884,281.03 CNY, showing a decrease of 30.9%[36] - The company paid 135,360,000.00 CNY in dividends and interest, compared to 54,356,578.18 CNY in the previous year, an increase of 148.5%[33] - The net cash flow from financing activities was -135,360,000.00 CNY, slightly worse than -128,260,776.22 CNY in the same period last year[33] Assets and Liabilities - Total assets decreased by 5.13% to CNY 1,142,425,756.36 compared to the end of the previous year[6] - The company has experienced a decrease in net assets attributable to shareholders by 2.17% to CNY 972,055,271.64 compared to the end of the previous year[6] - The total assets as of September 30, 2018, amounted to ¥1,163,153,953.00, a decrease from ¥1,208,775,374.29 at the beginning of the year[23] - Total liabilities decreased to ¥228,037,278.12 from ¥229,366,200.97 at the beginning of the year, indicating a slight reduction in financial obligations[23] - The total liabilities decreased by 55.90% in tax payable, dropping to CNY 11,753,030.43 from CNY 26,652,573.67 at the beginning of the year[14] - The company's cash and cash equivalents decreased to ¥89,334,919.79 from ¥151,488,167.81 at the beginning of the year, a decline of 41.0%[21] - The company's total equity as of September 30, 2018, was ¥935,116,674.88, down from ¥979,409,173.32 at the beginning of the year, reflecting a decrease of 4.5%[23] Shareholder Information - The total number of shareholders reached 11,226 by the end of the reporting period[11] - The largest shareholder, Li Qifu, holds 47.21% of the shares, with a total of 127,800,000 shares[11] Expenses and Income - Non-operating income for the first nine months totaled CNY 6,835,844.55, with significant contributions from government subsidies[9] - Research and development expenses increased to CNY 7,853,922.07 in Q3 2018, up from CNY 6,659,332.77 in Q3 2017, reflecting a growth of about 17.9%[26] - Sales expenses for the first nine months of 2018 totaled CNY 37,334,723.81, compared to CNY 28,405,594.93 in the same period of 2017, marking an increase of approximately 31.4%[29] - Tax expenses for Q3 2018 were CNY 4,358,865.23, an increase from CNY 3,911,144.46 in Q3 2017, which is an increase of approximately 11.4%[26] - The company reported a financial expense of CNY 145,096.31 in Q3 2018, compared to a financial income of CNY -166,059.61 in Q3 2017[26] - Other income for Q3 2018 was CNY 2,585,489.22, a decrease from CNY 8,411,833.65 in Q3 2017, indicating a decline of approximately 69.3%[26] Inventory and Receivables - The company's inventory decreased slightly to CNY 102,483,233.49 from CNY 106,065,410.09 at the end of 2017[17] - Accounts receivable increased to ¥412,578,927.51 from ¥384,542,792.19, showing a growth of 7.3%[21] - Inventory levels slightly decreased to ¥102,661,741.49 from ¥106,326,674.11, a reduction of 3.1%[21] - Other receivables rose by 56.54% to CNY 4,112,584.54, up from CNY 2,627,169.38 at the end of 2017[14] Construction and Assets - The company's construction in progress increased by 31.67% to CNY 88,698,756.47, compared to CNY 67,365,807.46 at the end of 2017[14] - The company's other non-current assets increased by 148.62% to CNY 9,807,090.13, up from CNY 3,944,638.62 at the beginning of the year[14] - Non-current assets totaled ¥400,053,699.19, an increase from ¥374,609,313.99 at the beginning of the year, indicating a growth of 6.8%[22] Impairment and Losses - The company's asset impairment losses for the first nine months of 2018 were CNY 2,730,216.83, a 104.24% increase from CNY 1,336,754.83 in the same period of 2017[15]