Financial Performance - The company's operating revenue for 2019 was CNY 919,004,676.41, a decrease of 0.82% compared to CNY 926,610,535.95 in 2018[19]. - The net profit attributable to shareholders for 2019 was CNY 65,111,109.59, down 3.07% from CNY 67,173,806.30 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 54,408,241.75, a decrease of 4.01% compared to CNY 56,678,687.89 in 2018[19]. - Basic earnings per share decreased by 2.94% to CNY 0.33 compared to the previous year[20]. - Net profit attributable to shareholders decreased by 3.07% year-on-year[20]. - The gross margin for plastic parts was 25.24%, with a slight increase of 0.02 percentage points compared to the previous year[54]. - The company reported a total revenue of 10,786.58 million for the year, with a net profit of 1,248.86 million, indicating a strong performance in the automotive plastic parts sector[88]. Cash Flow and Assets - The net cash flow from operating activities increased by 35.79% to CNY 85,182,659.19 from CNY 62,732,736.15 in 2018[19]. - The total assets at the end of 2019 were CNY 1,174,101,145.41, reflecting a growth of 6.66% from CNY 1,100,741,465.24 in 2018[19]. - The net assets attributable to shareholders increased by 7.27% to CNY 910,724,179.75 from CNY 848,990,476.92 at the end of 2018[19]. - The company reported a net cash outflow from investment activities of 49,396,074.32 CNY, an increase of 11.24% compared to the previous year[50]. - The company's total assets included ¥126,000,000.00 in trading financial assets, accounting for 10.73% of total assets[66]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.7 per 10 shares to shareholders, excluding those holding restricted shares[5]. - The company distributed cash dividends of CNY 1 per 10 shares, totaling CNY 14,188,760[22]. - For the fiscal year 2019, the company distributed a cash dividend of 0.7 RMB per 10 shares, amounting to a total of 13,927,545.80 RMB, which is 21.39% of the net profit attributable to ordinary shareholders[109]. - The company implements a profit distribution policy that prioritizes cash dividends, with a minimum of 20% of distributable profits allocated for cash dividends if there are no major investment plans or cash expenditures[105]. Research and Development - The company has obtained 26 invention patents and 114 utility model patents as of December 31, 2019, demonstrating strong R&D capabilities in mold design and precision injection molding[39][46]. - Research and development expenses increased by 4.08% to 45,849,089.70 CNY, reflecting increased investment in new product development[50]. - The company employs 435 dedicated R&D personnel, accounting for 30.36% of the total workforce, highlighting its commitment to innovation[73]. Market and Industry Trends - The automotive industry saw a decline in production and sales in 2019, with a 7.5% drop in production and an 8.2% drop in sales, but the company anticipates a rebound post-COVID-19[36]. - The electrical equipment market in China is expected to grow steadily, with a projected 4%-5% increase in electricity consumption in 2020, providing a stable demand for low-voltage electrical products[36]. - The precision plastic parts manufacturing industry in China is characterized by low concentration, with the top ten companies holding only 5% of the market share[34]. - The company is positioned to benefit from the global shift of supply chains towards China, particularly in the automotive and electrical sectors[34]. Risk Management - The company emphasizes the importance of risk awareness regarding future development strategies and operational goals[6]. - The company acknowledges potential risks from raw material price fluctuations, which could significantly impact its cost structure and operational stability[100]. - The company faces risks from market competition, particularly from domestic manufacturers and international firms, which may impact its market position[99]. Shareholder Structure and Management - The company reported a total of 199,074,840 shares outstanding after the recent stock issuance and adjustments, with 75.39% being restricted shares[178]. - The company’s structure of shareholding includes 55.07% held by domestic non-state-owned legal entities and 19.93% by domestic natural persons[178]. - The actual controller Hu Jiliang committed not to transfer or entrust others to manage shares held before the company's IPO for 36 months[112]. - The company’s stock incentive plan has been structured to unlock shares conditionally over specified periods, ensuring alignment with performance goals[185]. Financial Instruments and Wealth Management - The company has engaged in wealth management by investing a total of 162,000,000 RMB in principal-protected financial products, with an unexpired balance of 126,000,000 RMB[163]. - The company has consistently recovered all invested amounts across various financial products, demonstrating effective cash management[165]. - The company is exploring new financial strategies through diversified investments in wealth management products, enhancing its financial portfolio[165]. Compliance and Governance - The report includes a standard unqualified audit opinion from Tianjian Accounting Firm[4]. - The company has maintained good integrity status, with no significant debts unpaid during the reporting period[143]. - The company has no significant litigation or arbitration matters during the reporting period[143].

公司代码：603266 公司简称：天龙股份 宁波天龙电子股份有限公司 2019 年第三季度报告 2019 年第三季度报告 1 / 28 | 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 | 10 | 2019 年第三季度报告 一、 重要提示 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 | 1,107,481,032.85 | 1,100,741,465.24 | | 0.61 | | 归属于上市公司 | 879,292,764.25 | 848,990,476.92 | | 3.57 | | 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(%) | | | | （1-9 月） | （1-9 月） | | | | 经营活动产生的 | 97,981,2 ...

2019 年半年度报告 公司代码：603266 公司简称：天龙股份 宁波天龙电子股份有限公司 2019 年半年度报告 1 / 146 2019 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投 资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 算 有限责任公司上海分公司办理完成了授予登记工作，本次授予登记数量为 188.76 万股，全部 为有限售条件流通股。本次授予完成后，公司总股本增加至 141,887,600.00 股。 2、报告期内公司实施了 2018 年年度利润分配方案，以方案实施前的公司总股本 141,887,600 股为基数，每股派发现金红利 0.1 元（含税），以资本公积金向全体股东每股转增 0.4 股，共计 派发现金红利 14,188,760 元，转增 56,755,040 股，本次分配后总股本为 198,642,640 股。该分 配方案已于 2 ...

Dividend Distribution and Share Capital - The company plans to distribute a cash dividend of 1 RMB per 10 shares, totaling 14,188,760 RMB, and will increase its total share capital to 198,642,640 shares through a capital reserve transfer of 4 shares for every 10 shares held[5]. - The company completed a cash dividend distribution of 2.5 RMB per 10 shares for the previous year, amounting to 25,000,000 RMB, and increased its total share capital to 140,000,000 shares[8]. - The company issued 1,887,600 restricted stock units as part of its first stock incentive plan, increasing the total share capital to 141,887,600 shares[9]. - The company distributed cash dividends of ¥25,000,000 to shareholders, with a dividend of ¥2.5 per 10 shares[25]. - The company plans to distribute a cash dividend of CNY 1 per 10 shares, totaling CNY 14.19 million, and will also increase capital by 4 shares for every 10 shares held[106]. - In 2018, the cash dividend payout ratio was 21.12% of the net profit attributable to ordinary shareholders[108]. Financial Performance - In 2018, the company's operating revenue reached ¥926,610,535.95, an increase of 8.13% compared to ¥856,933,382.27 in 2017[22]. - The net profit attributable to shareholders decreased by 14.40% to ¥67,173,806.30 from ¥78,477,167.94 in the previous year[22]. - The basic earnings per share (EPS) for 2018 was ¥0.48, down 15.79% from ¥0.57 in 2017[23]. - The net cash flow from operating activities decreased by 38.79% to ¥62,732,736.15, primarily due to increased inventory from new project orders[25]. - The company's total assets increased by 6.74% to ¥1,100,741,465.24 from ¥1,031,252,203.06 in 2017[22]. - The weighted average return on equity (ROE) decreased to 8.14%, down 2.31 percentage points from 10.45% in 2017[24]. - The net profit after deducting non-recurring gains and losses was ¥56,678,687.89, a decrease of 14.23% from the previous year[22]. - The gross profit margin declined by 1.96 percentage points, attributed to price reductions on older products and rising costs[24]. - The company reported a total profit of 10,495,118.41 yuan, with a significant impact from minority shareholders amounting to -185,296.66 yuan and income tax effects of -1,946,565.25 yuan[33]. Market and Industry Insights - The company specializes in the development and manufacturing of precision molds and plastic parts, serving major clients in the automotive sector such as Bosch and Valeo[35]. - The automotive parts industry is a key sector for the company, with increasing demand for lightweight plastic components to enhance fuel efficiency[38]. - The plastic parts manufacturing industry in China has low concentration, with the top ten companies holding only 5% of the market share[38]. - In 2018, China's automotive industry faced significant pressure, with total production and sales of 27.81 million and 28.08 million vehicles, respectively, marking a year-on-year decline of 4.2% and 2.8%[39]. - The low-voltage electrical equipment market in China is expected to grow rapidly, supported by a stable increase in electricity investment, with a total electricity consumption growth of 8.5% in 2018, the highest growth rate since 2012[40]. Research and Development - The company has obtained 25 invention patents and 86 utility model patents, showcasing its strong capabilities in mold design and precision injection molding technology[44]. - Research and development expenses increased by 27.38% to 44.05 million yuan, reflecting a focus on new product development[55]. - The company emphasizes the importance of technology talent cultivation and R&D investment, maintaining a team of strong technical personnel and business backbones[44]. - The company aims to enhance its product offerings by focusing on high-value products and reducing the production of low-margin items[93]. - The company will increase R&D investment and establish a unified R&D center to improve its precision mold development capabilities[95]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[4]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties, nor has it provided guarantees in violation of regulations[7]. - The company has committed to minimizing related party transactions and ensuring fair pricing in any unavoidable transactions[130]. - The company has maintained a good integrity status, with no significant debts or court judgments outstanding[138]. - The company has committed to covering any costs related to social insurance or housing fund penalties incurred by its subsidiaries[131]. Risks and Challenges - The company emphasizes the risks associated with forward-looking statements regarding future plans and strategies, urging investors to be cautious[6]. - The company faces risks related to high business costs and potential fluctuations in raw material prices, which could impact operational stability[98]. - There is a risk of talent loss in core technology areas, which could negatively affect the company's development if not managed properly[98]. - The company has a broad operational footprint with subsidiaries in multiple regions, which may lead to management risks as the business scales[98]. - Future changes in tax policies in key export markets could adversely affect the company's export business and pricing strategies[99]. Shareholder Commitments and Management - The actual controller and shareholders have made commitments regarding share restrictions, ensuring compliance with regulations and maintaining shareholder confidence[110]. - The commitments include a lock-up period of 36 months for major shareholders, with potential extensions based on stock performance[111]. - The company has outlined specific conditions under which the lock-up period may be extended, particularly if stock prices fall below the issuance price[112]. - The company has committed to transparency regarding shareholding changes by its directors and senior management, adhering to relevant laws and regulations[111]. - The company held the first temporary shareholders' meeting on October 11, 2018, to elect members of the third board of directors and the third supervisory board[196].

2018 年第三季度报告 公司代码：603266 公司简称：天龙股份 宁波天龙电子股份有限公司 2018 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 | 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 公司负责人胡建立、主管会计工作负责人于忠灿及会计机构负责人（会计主管人员）于忠灿 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 / 22 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 1,089,086,580.80 1,031,252,203.06 5.61 归属于上市公司 股东的净资产 8 ...

2018 年半年度报告 公司代码：603266 公司简称：天龙股份 宁波天龙电子股份有限公司 2018 年半年度报告 1 / 130 2018 年半年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投 资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 报告期内，不存在对公司生产经营产生实质性影响的特别重大风险。对公司未来发展战略和 经营目标的实现产生不利影响的风险，敬请查阅"第四节经营情况讨论与分析"之"二、其他披 露的事项"中"（二）可能面对的风险"。敬请投资者注意投资风险。 十、 其他 √适用 □不适用 报告期内公司实施了2017年年度利润分配方案，以公司2017年12月31日的总股本100,000,000 股为基数，向全体股东每10股派发现金股利2.5元（含税），共计分配现金红利25,000,000元（含 税），同时，以资本公积金转增股本方式向 ...

2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 公司代码：603266 公司简称：天龙股份 宁波天龙电子股份有限公司 2018 年第一季度报告 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | -200,306.09 | | | 计入当期损益的政府补助，但与公 | | | | 司正常经营业务密切相关，符合国 | 338,877.83 | | | 家政策规定、按照一定标准定额或 | | | 3 / 18 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 1,027,391,150.37 1,031,252,203.06 -0.37 归属于上市公司股 东的净资产 821,372,637.17 806,291,676.72 1.8 ...

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 公司负责人胡建立、主管会计工作负责人于忠灿及会计机构负责人（会计主管人员）于忠灿 保证季度报告中财务报表的真实、准确、完整。 公司代码：603266 公司简称：天龙股份 宁波天龙电子股份有限公司 2017 年第三季度报告 1 / 26 | 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 | 14 | 2017 年第三季度报告 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 / 26 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 983,744,792.04 732,023,824.12 34.39 归属于上市公司 股东的净资产 792 ...

2017 年半年度报告 公司代码：603266 公司简称：天龙股份 宁波天龙电子股份有限公司 2017 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人胡建立、主管会计工作负责人于忠灿及会计机构负责人（会计主管人员）于忠灿 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，敬请投资 者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 1 / 134 九、 重大风险提示 报告期内，不存在对公司生产经营产生实质性影响的特别重大风险。对公司未来发展战略和 经营目标的实现产生不利影响的风险，敬请查阅"第四节经营情况讨论与分析"之"二、其他披 ...