Financial Performance - The net profit attributable to the parent company's shareholders for 2018 was CNY 248,349,535.41, with retained earnings amounting to CNY 533,710,577.07[5]. - The company's operating revenue for 2018 was CNY 1,485,516,786.41, representing a 9.26% increase compared to CNY 1,359,642,958.93 in 2017[26]. - The net profit attributable to shareholders for 2018 was CNY 248,349,535.41, a 25.69% increase from CNY 197,586,521.60 in 2017[26]. - The net cash flow from operating activities for 2018 was CNY 153,527,666.75, showing an 11.00% decrease from CNY 172,501,788.17 in 2017[26]. - The total assets at the end of 2018 were CNY 2,297,175,330.97, a 22.26% increase from CNY 1,878,981,322.47 at the end of 2017[26]. - The net assets attributable to shareholders at the end of 2018 were CNY 1,757,318,380.84, reflecting a 12.56% increase from CNY 1,561,168,526.94 at the end of 2017[26]. - The basic earnings per share for 2018 were CNY 0.62, a 10.71% increase from CNY 0.56 in 2017[27]. - The diluted earnings per share for 2018 were also CNY 0.62, consistent with the basic earnings per share[27]. - The weighted average return on equity for 2018 was 14.99%, a decrease of 12.16 percentage points from 27.15% in 2017[27]. - The company reported a total profit of 46,894,008.27, with a significant impact from income tax amounting to -8,290,865.85[35]. Dividend Policy - A cash dividend of CNY 2.00 per 10 shares (including tax) is proposed, totaling CNY 81,993,000.00 to be distributed to all shareholders[5]. - The company’s profit distribution policy emphasizes reasonable returns to investors, with a minimum cash dividend of 20% of the distributable profit for the year[113]. - In 2018, the company distributed a cash dividend of 2.00 RMB per 10 shares, representing 33.02% of the net profit attributable to ordinary shareholders[117]. - The cash dividend ratio for 2017 was 1.50 RMB per 10 shares, accounting for 30.43% of the net profit attributable to ordinary shareholders[117]. - The company plans to maintain a cash dividend ratio of at least 80% during mature stages without significant capital expenditure[116]. - The company can opt for stock dividends if cash dividends are deemed not in the best interest of shareholders[116]. - The company must disclose the execution of its cash dividend policy in the annual report[116]. - The company has a commitment to ensure that any cash dividends distributed do not exceed the cumulative distributable profits[113]. Risk Management - The report includes a risk statement regarding forward-looking statements, indicating potential risks associated with future plans and strategies[6]. - The report details various risks faced by the company, which can be found in the section discussing future development[7]. - The company faces risks related to raw material price fluctuations, inventory management, and the stability of its distribution network[110]. Market Presence and Strategy - The company specializes in the research, production, sales, and service of commercial catering equipment, including refrigeration equipment, self-service equipment, and western kitchen equipment[36]. - The company has achieved a high market share and brand recognition in the domestic market for its commercial refrigeration equipment[36]. - The company operates primarily under an OBM (Own Branding Manufacture) model, complemented by an ODM (Original Design Manufacture) approach[41]. - The company has established sales subsidiaries in the UK, USA, Germany, France, Italy, and Australia to promote its own brand products[41]. - The company aims to strengthen its brand presence in the U.S. market, having established a comprehensive after-sales service system[64]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2019[125]. Research and Development - Research and development expenses for the year amounted to CNY 45,337,194.21, reflecting a slight increase of 2.23% from the previous year[73]. - The company plans to enhance its R&D capabilities, focusing on energy-saving and environmentally friendly commercial kitchen equipment to meet market demands[105]. - The company committed to investing 50 million RMB in R&D for new technologies in the next fiscal year[125]. - The company has accumulated 112 valid patents and 2 software copyrights, including 17 invention patents, 51 utility model patents, and 44 design patents as of December 2018[59]. Corporate Governance - The company has established a comprehensive corporate governance structure, complying with relevant laws and regulations, and enhancing operational transparency[185]. - The internal control self-assessment report for 2018 was disclosed, indicating no significant deficiencies in internal controls[190]. - The company’s financial statements for 2018 were audited and deemed to fairly reflect its financial position and operating results[191]. - The board of directors held 12 meetings during the year, with a mix of in-person and communication-based attendance[186]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 1,673, with 596 in the parent company and 1,077 in subsidiaries[180]. - The company has a total of 1,179 production personnel, 25 sales personnel, and 145 technical personnel, indicating a strong focus on production capabilities[180]. - The management team has extensive experience in the commercial kitchen equipment industry, ensuring balanced development across various fields[60]. - The company has implemented equity incentives for several executives, including a total of 750,000 shares for General Manager Zhu Wenwei[168]. Financial Management - The total amount of guarantees provided by the company, including those to subsidiaries, is 119,796,000.00 RMB, which accounts for 6.82% of the company's net assets[135]. - The company provided a guarantee of 119,796,000.00 RMB for its subsidiary, which is a loan for 1,500,000 Euros[135]. - The company has entrusted financial management with a total amount of 56,900.00 million RMB from raised funds and 49,220.00 million RMB from self-owned funds[136]. - The company has successfully recovered all amounts from its entrusted financial management, with no overdue amounts reported[138]. Inventory and Sales - The total cost of goods sold for commercial catering equipment was ¥855,935,447.41, an increase of 14.24% year-over-year[80]. - The company reported a significant increase in inventory levels, particularly due to the establishment of foreign subsidiaries and increased sales volume[79]. - The production volume of commercial catering refrigeration equipment was 341,701 units, with a sales volume of 339,510 units, reflecting a 4.51% decrease in sales volume year-over-year[79]. Legal and Compliance - There are no significant legal disputes or arbitration matters reported for the fiscal year 2018[128]. - The company has maintained a clean integrity record, with no instances of dishonesty or unfulfilled court judgments reported[128]. - The company has not faced any penalties from securities regulatory authorities in the past three years, indicating compliance with regulations[179].

2018 年第三季度报告 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人周俊杰、主管会计工作负责人王芬弟及会计机构负责人（会计主管人员）王芬弟 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 公司代码：603277 公司简称：银都股份 银都餐饮设备股份有限公司 2018 年第三季度报告 二零一八年十月 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 10 | 银都餐饮设备股份有限公司 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。 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 2,175,059,963.60 1,878,981,322.47 15.76 归属于上市公司 股东的净资产 ...

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the first half of 2018, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders was 150 million CNY, up 20% compared to the same period last year[13]. - The company's operating revenue for the first half of the year reached ¥686,165,986.13, representing a 3.51% increase compared to ¥662,901,643.84 in the same period last year[20]. - The net profit attributable to shareholders was ¥116,483,907.74, a slight increase of 0.83% from ¥115,529,309.25 year-on-year[20]. - Future guidance estimates a revenue growth of 18% for the second half of 2018, driven by increased demand and new product launches[13]. - The company reported a total comprehensive income of -938,750,000 for the current period, indicating a significant loss compared to the previous period[127]. - The total equity attributable to shareholders at the end of the period was 1,651,029,000, reflecting a decrease from the previous period[130]. Market Expansion and Strategy - User data indicates a growth in customer base by 10%, reaching 500,000 active users[13]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2019[13]. - The company has established sales subsidiaries in the US, UK, Germany, France, Italy, and Australia, but faces risks from political and economic changes in these regions[62]. - The company set up a subsidiary in Australia in March 2018 to expand into the Australian market, with significant growth in net profit of 51% for the U.S. subsidiary[45]. Product Development and Innovation - New product development includes the launch of a smart kitchen appliance line, expected to contribute an additional 200 million CNY in revenue[13]. - The company has allocated 100 million CNY for research and development in innovative cooking technologies[13]. - The company has developed a dual-control dual-system commercial refrigerator, improving practicality and increasing cooling speed by 15% without additional power input[40]. - The company invests significantly in R&D, maintaining a strong technical foundation in the production of commercial catering equipment, which is essential for meeting industry advancements[39]. Financial Position and Cash Flow - The company maintains a strong cash position with 300 million CNY in cash reserves, providing flexibility for future investments[13]. - The net cash flow from operating activities improved by 21.97%, totaling ¥67,659,024.03 compared to ¥55,472,124.45 in the previous year[20]. - Operating cash flow from operating activities increased by 21.97% to 67.66 million RMB, driven by higher cash receipts from sales[53]. - The total cash and cash equivalents at the end of the period amounted to CNY 201,253,553.03, up from CNY 95,848,029.59 at the end of the previous year[122]. Risk Factors - Risk factors include potential supply chain disruptions and increased competition in the catering equipment market[13]. - The company faces risks related to fluctuations in raw material prices, particularly steel, which could adversely affect operating performance if sales prices cannot be adjusted accordingly[62]. - Rising labor costs are anticipated due to decreasing supply of suitable labor, which may negatively affect profitability despite efforts to improve automation and efficiency[63]. Corporate Governance and Compliance - The company has committed to maintaining compliance with promises made during the IPO, with a commitment period of 36 months from the listing date[68]. - Major shareholders are restricted from transferring shares for 12 months from the date of listing, with a maximum annual reduction of 5% of total shares held during the subsequent two years[73]. - The company has renewed the appointment of Tianjian Accounting Firm as its auditing institution for the 2018 fiscal year[76]. - There are no significant litigation or arbitration matters during the reporting period[77]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 28,704[86]. - The largest shareholder, Zhou Junjie, held 210,924,000 shares, representing 52.63% of the total shares[89]. - The second largest shareholder, Zhu Zhiyi, held 30,132,000 shares, accounting for 7.52%[89]. Accounting Policies and Financial Reporting - The company’s financial statements comply with the requirements of enterprise accounting standards, ensuring transparency and accuracy in financial reporting[138]. - The company’s accounting period runs from January 1 to December 31 each year, aligning with standard fiscal practices[139]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[194].

2018 年第一季度报告 公司代码：603277 公司简称：银都股份 银都餐饮设备股份有限公司 2018 年第一季度报告 二零一八年四月 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 9 | 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 单位：元 币种：人民币 3 / 19 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 1,864,358,718.06 1,878,981,322.47 -0.78 归属于上市公司 股东的净资产 1,592,524,453.93 1,561,168,526.94 2.01 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 现金流量净额 -44,695,722.83 -35,451,547.24 -26.08 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 280,992,635.61 287,01 ...

2017 年年度报告 公司代码：603277 公司简称：银都股份 银都餐饮设备股份有限公司 2017 年年度报告 二零一八年四月 1 / 150 2017 年年度报告 重要提示 三、 天健会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人周俊杰、主管会计工作负责人王芬弟及会计机构负责人（会计主管人员）王芬弟 声明：保证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 根据天健会计师事务（特殊普通合伙）所出具的标准无保留意见的2017年《审计报告》，经 天健会计师事务所（特殊普通合伙）审计确认，公司2017年度归属于母公司净利润197,586,521.60 元，累计未分配利润373,442,171.94元。本年度拟以2017年末总股本 400,800,000股为基数，向 全体股东每 10 股派发现金红利1.50元（含税），共派发60,120,000.00元（含税）。公司2017 年度不进行资本公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中涉及未来计划、发展战略等前瞻性陈述，同时附有相应的警示性陈述，该 ...

Financial Performance - Operating revenue for the first nine months rose by 22.54% year-on-year, totaling CNY 1,040,489,136.77[6] - Net profit attributable to shareholders increased by 0.49% year-on-year, reaching CNY 182,440,436.94[6] - Total operating revenue for Q3 was approximately ¥377.59 million, a 29.5% increase from ¥291.67 million in the same period last year[28] - Net profit for Q3 reached approximately ¥66.91 million, representing a 14.3% increase compared to ¥58.47 million in the same quarter last year[29] - Total profit for the first nine months was approximately ¥217.57 million, slightly down from ¥221.99 million in the previous year[29] - Operating profit for the first nine months was approximately ¥216.08 million, compared to ¥216.58 million in the same period last year[29] Assets and Liabilities - Total assets increased by 101.08% year-on-year, reaching CNY 1,893,373,937.79 at the end of the reporting period[6] - Current assets rose to CNY 1,525,170,791.95, up from CNY 592,208,063.01, indicating a growth of about 157.5%[20] - Total liabilities rose to CNY 347,808,559.05 from CNY 298,334,683.42, an increase of approximately 16.6%[22] - Owner's equity surged to CNY 1,545,565,378.74 from CNY 643,267,675.09, representing a growth of about 140.3%[22] Cash Flow - Net cash flow from operating activities decreased by 14.92% year-on-year, amounting to CNY 120,044,006.25[6] - Cash and cash equivalents increased by 315.30% to ¥952,866,464.28, primarily due to fundraising and expanded sales[13] - Cash received from tax refunds rose by 102.54% to ¥44,996,686.87, mainly due to increased export tax rebates[16] - Total cash inflow from operating activities for the first nine months of 2017 was CNY 1,149,345,598.91, an increase of 21.7% compared to CNY 944,564,622.89 in the previous year[35] - The company reported cash inflow from financing activities of CNY 744,659,000.00 in the first nine months of 2017, compared to no inflow in the same period last year[36] Shareholder Information - The total number of shareholders reached 47,049 by the end of the reporting period[11] - The top shareholder, Zhou Junjie, holds 52.63% of the shares, totaling 210,924,000 shares[11] Investment and Expenses - Investment income increased by 190.50% to ¥1,315,083.28, primarily from higher returns on financial investments[15] - Sales expenses for Q3 were approximately ¥52.16 million, an increase of 12.7% from ¥46.21 million year-over-year[29] - Management expenses for Q3 were approximately ¥36.39 million, up 34.6% from ¥27.08 million in the same period last year[29] Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[27]