Financial Performance - The company's operating revenue for the first half of 2017 was ¥440,030,163.07, representing a 46.21% increase compared to ¥300,954,719.28 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2017 was ¥69,170,630.87, up 38.79% from ¥49,838,656.98 in the previous year[18]. - The net cash flow from operating activities reached ¥104,731,869.90, a significant improvement from a negative cash flow of ¥8,038,735.13 in the same period last year, marking a 1,402.84% increase[18]. - Basic earnings per share for the first half of 2017 were ¥0.33, a 10.00% increase from ¥0.30 in the same period last year[19]. - The total assets at the end of the reporting period were ¥1,689,389,625.94, which is a 9.59% increase from ¥1,541,615,459.87 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 3.11% to ¥1,351,207,731.18 from ¥1,310,436,517.67 at the end of the previous year[18]. - The company reported a total profit of ¥80,315,771.87, up 40.3% from ¥57,229,867.46 in the same period last year[112]. - The total comprehensive income for the current period is CNY 68,660,674.68, compared to CNY 50,470,004.33 in the previous period, reflecting an increase of approximately 36%[129]. Market and Business Operations - The company's main business focuses on the research, production, and sales of cold chain equipment and special containers, primarily frozen equipment and tank containers[24]. - The cold chain equipment market in China is characterized by stable demand growth, with leading companies continuously meeting high-end customer needs through technology upgrades and capacity expansion[27]. - The global tank container market is steadily growing, with increasing demand for refrigerated and heated tank containers due to rising safety standards and environmental awareness[30]. - The company is positioned to benefit from the growing demand for tank containers in emerging markets like China, Brazil, and India as these markets expand[28]. - The company employs a direct sales model to understand and analyze customer needs, ensuring tailored product design and production planning[25]. - The company has formed good partnerships with major domestic and international agricultural and food industry leaders, driving rapid growth in its tank container business[32]. Research and Development - The company has established a strong technical research platform with 79 valid patents, including 38 invention patents, enhancing its competitive edge in the industry[31]. - Research and development expenses increased by 35.92% to RMB 19,336,059.51, reflecting the company's commitment to innovation[47]. - The company is committed to technology innovation and aims to enhance its R&D capabilities through industry-academia collaboration[52]. Risk Management - The company has outlined various risks including macroeconomic fluctuations, raw material price volatility, and market competition in its risk disclosure[6]. - The company anticipates potential risks from macroeconomic fluctuations and raw material price volatility, particularly for stainless steel and valves[52]. - The company has implemented strategies to mitigate risks associated with raw material price changes, including strategic procurement and inventory control[51]. Shareholder and Stock Information - The total number of shares increased from 206,800,000 to 210,246,250, reflecting a growth of approximately 1.07%[80]. - The number of restricted shares decreased by 3,446,250, resulting in 153,446,250 restricted shares, which is 72.98% of total shares[77]. - The company granted 3,446,250 restricted shares to 353 incentive objects on March 15, 2017, as part of its first restricted stock incentive plan[64]. - The largest shareholder, Huang Jie, holds 83,558,105 shares, representing 39.74% of the total shares[90]. - The company has a diverse shareholder base, including both individual and institutional investors[90]. Corporate Governance - The company has appointed Tianjian Accounting Firm as the auditor for the 2017 fiscal year, with a one-year term approved by the 2016 annual shareholders' meeting[62]. - There are no significant litigation or arbitration matters during the reporting period[63]. - The integrity status of the company and its controlling shareholders is good, with no unfulfilled court judgments or significant debts due that have not been settled[63]. Financial Position - Total liabilities amounted to CNY 338,181,894.76, up from CNY 231,178,942.20, marking a significant increase of approximately 46.3%[106]. - Owner's equity reached CNY 1,351,207,731.18, compared to CNY 1,310,436,517.67, showing a growth of about 3.1%[106]. - The company’s cash and cash equivalents decreased to CNY 856,658,533.15 from CNY 869,995,229.53, a decline of about 1.5%[104]. - The company reported a tax rate of 15% for corporate income tax, applicable to both the company and Sifang Canshu Company[194]. Social Responsibility - The company invested a total of 28,000 RMB in poverty alleviation efforts during the reporting period[70]. - The company provided financial support of 4,000 RMB for two impoverished students in the Daliangshan region and covered 3,000 RMB for their publication expenses[69]. - The company plans to establish a charity fund to assist impoverished groups in Nantong and surrounding areas, focusing on employment support and educational poverty alleviation[71].

Financial Performance - Operating revenue rose by 33.38% to CNY 205,976,024.63 year-on-year[7] - Net profit attributable to shareholders increased by 43.02% to CNY 40,206,801.56 compared to the same period last year[7] - Basic and diluted earnings per share increased by 5.56% to CNY 0.19[7] - The company's operating revenue for the current period reached ¥205,976,024.63, an increase of 33.38% compared to ¥154,422,938.43 in the previous period, primarily due to increased sales of container products[14] - Net profit for the current period was ¥40,206,801.56, a 43.02% increase from ¥28,113,167.74 in the previous period, attributed to higher overall profits[15] - Total operating revenue for Q1 2017 reached ¥205,976,024.63, an increase of 33.5% compared to ¥154,422,938.43 in the same period last year[25] - Net profit for Q1 2017 was ¥40,206,801.56, representing a 43% increase from ¥28,113,167.74 in Q1 2016[26] - The company reported a comprehensive income total of ¥40,110,795.16 for Q1 2017, up from ¥27,638,609.09 in the previous year, marking a growth of 45%[27] - The total comprehensive income for the period was ¥21,837,835.64, compared to ¥8,311,167.82 in the previous year, marking a growth of about 162.5%[30] Assets and Liabilities - Total assets increased by 5.41% to CNY 1,624,948,476.90 compared to the end of the previous year[7] - The total assets of the company as of March 31, 2017, amounted to ¥1,624,948,476.90, up from ¥1,541,615,459.87 at the beginning of the year[19] - The company's total liabilities increased to ¥274,450,590.58 from ¥231,178,942.20, reflecting a rise in current liabilities[19] - The total liabilities at the end of Q1 2017 were ¥100,616,561.68, an increase of 40.9% from ¥71,453,440.06 at the start of the year[23] - Current assets totaled ¥575,385,970.09 at the end of Q1 2017, an increase of 6.3% from ¥541,019,490.33 at the start of the year[22] Cash Flow - Net cash flow from operating activities decreased by 54.12% to CNY 34,422,945.12[7] - The company's cash flow from operating activities decreased by 54.12% to ¥34,422,945.12 from ¥75,032,581.59, mainly due to increased payments for materials[15] - Cash inflow from operating activities totaled ¥271,798,717.46, up from ¥184,414,993.78 year-over-year, indicating a growth of approximately 47.5%[33] - The net cash flow from operating activities was ¥34,422,945.12, a decrease from ¥75,032,581.59 in the previous year, reflecting a decline of about 54.1%[33] - Cash outflow for purchasing goods and services was ¥180,937,156.86, compared to ¥66,311,999.47 in the prior year, showing an increase of approximately 172.5%[33] - The cash flow from investing activities showed a net outflow of ¥114,737,283.29, compared to a net inflow of ¥18,642,253.19 in the same period last year[33] Shareholder Information - The total number of shareholders reached 27,774 at the end of the reporting period[10] - The largest shareholder, Huang Jie, holds 40.41% of the shares, totaling 83,558,105 shares[10] Other Financial Metrics - The weighted average return on net assets decreased by 0.83 percentage points to 3.02%[7] - Government subsidies recognized in the current period amounted to CNY 3,150,750[8] - Non-recurring gains and losses totaled CNY 2,679,299.80 after tax adjustments[9] - Other current assets surged to ¥112,543,000.22, a dramatic increase of 3020.02% from ¥3,607,120.23, mainly due to the purchase of financial products and increased deductible input tax[13] - Prepayments increased by 54.26% to ¥25,759,644.17 from ¥16,698,695.86, primarily due to higher advance payments for materials[13] - The company reported a significant decrease in payable employee compensation by 34.04% to ¥15,297,510.44 from ¥23,191,365.90, primarily due to the distribution of last year's year-end bonuses[13] - The company's cash and cash equivalents decreased to ¥789,073,982.28 from ¥869,995,229.53, indicating a reduction in liquidity[17] - The company's cash and cash equivalents decreased to ¥357,560,869.01 from ¥461,947,393.60, a decline of 22.5%[21] - Inventory levels rose to ¥82,416,085.77, up 46.5% from ¥56,211,817.99 at the beginning of the year[22] - The company received tax refunds amounting to ¥5,158,178.63, compared to ¥2,241,880.78 in the previous year, reflecting an increase of approximately 130.5%[33] - The company paid ¥32,005,997.02 to employees, which is an increase from ¥27,208,317.54 in the previous year, representing a growth of about 17.5%[33]

Financial Performance - The company's operating revenue for 2016 was CNY 675,793,332.74, a decrease of 8.35% compared to CNY 737,371,556.00 in 2015[17]. - The net profit attributable to shareholders for 2016 was CNY 124,443,134.56, down 1.01% from CNY 125,709,966.47 in 2015[17]. - The net profit after deducting non-recurring gains and losses increased by 9.02% to CNY 121,002,760.63 in 2016 from CNY 110,986,363.63 in 2015[17]. - The cash flow from operating activities for 2016 was CNY 133,953,169.87, a decrease of 22.29% compared to CNY 172,371,234.08 in 2015[17]. - The total assets at the end of 2016 were CNY 1,541,615,459.87, an increase of 79.04% from CNY 861,068,426.05 at the end of 2015[17]. - The net assets attributable to shareholders increased by 83.06% to CNY 1,310,436,517.67 at the end of 2016 from CNY 715,832,836.76 at the end of 2015[17]. - Basic earnings per share for 2016 were CNY 0.67, down 17.28% from CNY 0.81 in 2015[18]. - The weighted average return on net assets decreased by 7.28 percentage points to 11.83% in 2016 from 19.11% in 2015[18]. Revenue and Market Growth - Domestic revenue grew by 49.73% year-on-year, driven by the expansion into new markets and customers[41]. - The company received orders for over 4,000 tank containers from the top ten industry clients, solidifying its market position[37]. - The company developed new products including IBC medium bulk containers and double-layer tank containers, enhancing its product portfolio[38]. - The market for tank containers is on the rise, particularly in the chemical, food, and energy logistics sectors, supported by new regulations on hazardous materials transportation[62]. - The demand for frozen equipment is expected to rise due to increasing consumer preference for easily preserved frozen foods, driven by faster lifestyles and higher living standards[60]. Cost Management and Efficiency - The gross profit margin for the main business increased by 2.78 percentage points to 30.51% due to lower raw material prices and improved cost control[42]. - The company established a three-tier cost management system, which improved production efficiency and reduced consumption[39]. - The company has implemented a project responsibility system to ensure high-quality service and meet customer-specific needs[33]. - The company is committed to advancing lean production and improving operational management to enhance efficiency and reduce costs[73]. Research and Development - The company has established a strong technical research platform with 72 valid patents, including 36 invention patents[32]. - The company introduced a high-level talent management model, hiring 1 postdoctoral and 5 master's graduates to strengthen its R&D capabilities[39]. - The company’s R&D expenses totaled 27.89 million yuan, which is 4.13% of the operating income[54]. - The company has not disclosed any new product developments or market expansions reported in the current financial period[118]. Shareholder Returns and Dividends - The company plans to submit the profit distribution proposal of CNY 1.80 per 10 shares to the annual general meeting for approval, totaling CNY 37,844,325.00[2]. - The cash dividend per share for 2016 was ¥1.80, with a payout ratio of 30.41% of net profit[79]. - In 2016, the company distributed cash dividends totaling ¥9,306,000 and ¥35,751,949.98 in 2015, reflecting a commitment to shareholder returns[78]. Assets and Liabilities - The company's total assets at the end of the reporting period amounted to ¥1,540,000,000, with cash and cash equivalents constituting 56.43% of total assets, a significant increase of 213.55% compared to the previous period[59]. - Total liabilities amounted to ¥231,178,942.20, up from ¥145,235,589.29, showing an increase of approximately 59.1%[154]. - The company's equity attributable to shareholders rose to ¥1,310,436,517.67 from ¥715,832,836.76, reflecting an increase of about 83.5%[155]. Governance and Compliance - The company has appointed Tianjian Accounting Firm as its auditor for the 2016 fiscal year, with a remuneration of RMB 500,000[89]. - The financial statements for the year ended December 31, 2016, were audited and found to be in accordance with accounting standards, reflecting the company's financial position accurately[149]. - The company has not disclosed any internal control deficiencies during the reporting period[141]. - The company has not reported any significant risks identified by the supervisory board[140]. Employee and Management Structure - The total number of employees in the parent company is 361, while the main subsidiaries employ 679, resulting in a total of 1,040 employees[129]. - The company maintains a 100% labor contract signing rate and provides social insurance and housing fund contributions for employees[96]. - The company has established a comprehensive training system, focusing on management, leadership, and professional skills training to cultivate high-quality talent[131]. Risks and Challenges - The company faces risks from macroeconomic fluctuations and potential adjustments in national industrial policies affecting its frozen equipment and container products[75]. - Key raw materials include stainless steel, valves, and carbon steel, with price volatility impacting operational performance and increasing business risks[75]. - Foreign sales are primarily settled in USD, exposing the company to exchange rate risks that could affect financial performance[75].

2016 年第三季度报告 公司代码：603339 公司简称：四方冷链 南通四方冷链装备股份有限公司 2016 年第三季度报告 1 / 23 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 公司负责人黄杰、主管会计工作负责人黄华及会计机构负责人（会计主管人员）黄华保证季 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、 公司主要财务数据和股东变化 2.1 主要财务数据 3 / 23 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司主要财务数据和股东变化 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 12 | 2016 年第三季度报告 | 润 | | | | | | --- | --- | --- | --- | --- | | 加权平均净资产 | 8.53 | 13.90 | 减少 5.37 | 个百 ...

Financial Performance - The company's operating revenue for the first half of 2016 was ¥300,954,719.28, a decrease of 16.24% compared to ¥359,321,897.30 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2016 was ¥49,838,656.98, down 11.80% from ¥56,504,980.09 in the previous year[17]. - The net cash flow from operating activities was negative at -¥8,038,735.13, a significant decline from ¥108,709,796.13 in the same period last year, representing a decrease of 107.39%[17]. - Basic earnings per share for the first half of 2016 were ¥0.30, a decrease of 16.67% compared to ¥0.36 in the same period last year[19]. - The weighted average return on net assets was 6.09%, down 2.91 percentage points from 9.00% in the previous year[19]. - The company achieved operating revenue of ¥300,954,719.28, a year-on-year decrease of 16.24%[25]. - The net profit attributable to shareholders was ¥49,838,656.98, down 11.8% compared to the previous year[25]. - The company reported a profit before tax of CNY 57,229,867.46, down 13.1% from CNY 65,853,243.20 year-over-year[86]. - Comprehensive income totalled CNY 50,470,004.33, compared to CNY 56,480,042.84 in the previous year, reflecting a decrease of 10.6%[87]. - The company recorded a net profit of CNY 49,838,656.98, which represents a profit margin of approximately 16.6%[86]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -8,038,735.13 RMB, a significant decrease compared to 108,709,796.13 RMB in the previous period[94]. - Total cash inflow from financing activities amounted to 479,408,930.00 RMB, while cash outflow was 9,118,930.00 RMB, resulting in a net cash flow of 470,290,000.00 RMB[95]. - The total cash and cash equivalents at the end of the period reached 736,527,037.96 RMB, up from 245,851,144.63 RMB in the previous period[95]. - The cash inflow from operating activities totaled 366,770,784.75 RMB, while cash outflow was 374,809,519.88 RMB, leading to a net cash flow of -8,038,735.13 RMB[94]. - The total cash outflow for operating activities was 374,809,519.88 RMB, which is an increase from 299,462,955.37 RMB in the previous period[94]. - The company reported a significant increase in cash received from tax refunds, totaling 3,546,360.93 RMB compared to 23,997,233.90 RMB in the previous period[94]. - The company reported a total cash balance of approximately ¥736,998,438 at the end of the period, up from ¥277,464,309 at the beginning, indicating a significant increase of 165%[181]. Assets and Liabilities - Total assets increased to CNY 1,416,099,153.28, up from CNY 861,068,426.05, representing a growth of approximately 64.5%[80]. - Current assets rose to CNY 1,220,877,522.15, compared to CNY 657,311,913.14, indicating an increase of about 85.7%[80]. - Total liabilities amounted to CNY 184,376,015.69, up from CNY 145,235,589.29, reflecting an increase of around 26.9%[81]. - Owner's equity surged to CNY 1,231,723,137.59, compared to CNY 715,832,836.76, marking an increase of approximately 72.0%[81]. - The total equity attributable to the parent company at the end of the current period is 1,231,723,137.59 CNY, an increase from the previous period's 715,832,836.76 CNY, reflecting a growth of approximately 72%[101]. - The total amount of minority interests in equity is 515,744,620.26 CNY, reflecting the company's diverse ownership structure[101]. Research and Development - The company increased its R&D expenditure to ¥14,226,271.72, reflecting a 5.13% increase from the previous year[28]. - The company launched several new products, including a continuous fermentation device and a new type of shock freezing device, contributing to new profit growth points[26]. - The company added 10 new patents during the reporting period, including 8 invention patents[26]. - The company has established itself as a high-tech enterprise recognized by various government bodies in Jiangsu Province, with 65 authorized patents as of June 30, 2016, including 30 invention patents[38]. Corporate Governance and Compliance - The report was not audited, and the management has confirmed the accuracy and completeness of the financial report[1]. - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations[61]. - There are no reported penalties or rectifications for the company or its executives during the reporting period[61]. - The company has committed to maintaining stock price stability for three years post-IPO[58]. - The company will not transfer or allow others to manage its shares for 36 months following the stock listing[58]. Shareholder Information - The total number of shares increased from 155,100,000 to 206,800,000 after the issuance of 51,700,000 new shares[65]. - The company has a total of 46,617 shareholders as of the end of the reporting period[66]. - The top shareholder, Huang Jie, holds 83,558,105 shares, representing 40.41% of the total shares[68]. - The company has a lock-up period for major shareholders, with Huang Jie and Huang Xiaoying restricted from transferring their shares for 36 months post-IPO[70]. Taxation - The company benefited from a reduced corporate income tax rate of 15% due to its qualification as a high-tech enterprise, valid for three years from September 2014[178]. - The company has a diverse tax structure, with a value-added tax rate of 17% and corporate income tax rates of 15% and 25% depending on the entity[176][177]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position and operating results[117]. - The company has not made any changes to its significant accounting policies or estimates during the reporting period[175]. - The company recognizes expected liabilities for obligations that are likely to result in an outflow of economic benefits and can be reliably measured[165].