Financial Performance - The company's operating revenue for the first half of 2019 was CNY 1,869,321,474.19, a decrease of 1.19% compared to CNY 1,891,886,881.97 in the same period last year [22] - The net profit attributable to shareholders of the listed company was CNY 69,231,985.74, down 51.72% from CNY 143,387,169.36 in the previous year [22] - The net profit after deducting non-recurring gains and losses was CNY 52,030,537.88, a decrease of 63.12% compared to CNY 141,090,841.55 in the same period last year [22] - The net cash flow from operating activities was CNY 114,668,843.99, down 26.79% from CNY 156,624,551.16 in the previous year [22] - The basic earnings per share for the reporting period was CNY 0.22, compared to CNY 0.64 in the same period last year [22] - The weighted average return on net assets was 2.64%, a decrease of 2.87 percentage points from 5.51% in the previous year [22] - The company reported a net profit of CNY 39.46 million from Jiangsu Hengyi, a significant increase of 120.54% year-on-year [92] - The company’s total comprehensive income for the first half of 2019 was CNY 40,044,183.24, down from CNY 128,772,643.79 in the same period of 2018, indicating a decline of about 68.9% [172] - The company’s operating profit for the first half of 2019 was CNY 42,381,191.72, compared to CNY 145,945,859.29 in the same period of 2018, representing a decrease of approximately 70.0% [172] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,260,428,573.38, a decrease of 9.40% compared to CNY 4,702,454,020.76 at the end of the previous year [22] - The net assets attributable to shareholders of the listed company were CNY 2,563,458,941.32, down 1.04% from CNY 2,590,466,864.99 at the end of the previous year [22] - The total liabilities decreased from CNY 1,959,078,095.36 to CNY 1,554,454,261.85, a reduction of approximately 20.6% [156] - Current liabilities decreased from CNY 1,928,260,587.89 to CNY 1,518,396,880.97, representing a decline of about 21.3% [156] - Non-current liabilities increased from CNY 30,817,507.47 to CNY 36,057,380.88, an increase of approximately 16.1% [156] - Total equity decreased from CNY 2,743,375,925.40 to CNY 2,705,974,311.53, a decrease of about 1.4% [158] Revenue and Costs - Total operating costs increased to CNY 1,822,691,184.80, up 5.4% from CNY 1,728,330,359.44 year-over-year [164] - Research and development expenses increased by 24.47% to CNY 64.30 million, reflecting a focus on enhancing technological innovation and product development [99] - The company implemented significant cost reduction measures, with operating costs rising by 3.48% to CNY 1.61 billion, while management expenses increased by 29.79% to CNY 58.36 million [99] Market and Industry Context - The automotive industry saw a decline in production and sales, with a 13.7% drop in production and a 12.4% drop in sales year-on-year, impacting the company's performance [40] - The automotive market has faced continuous sales declines for 12 months, leading to increased competition [40] - In the first half of the year, China's new energy vehicles achieved cumulative production and sales of 614,000 and 617,000 units, representing year-on-year growth of 48.5% and 49.6% respectively [72] - The production and sales of pure electric vehicles reached 493,000 and 490,000 units, with year-on-year growth of 57.3% and 56.6% respectively [72] Strategic Developments - The company has expanded into the new energy vehicle parts sector, adding products such as battery box trays and electric motor housings [32] - The company has established stable partnerships with major domestic automotive manufacturers, becoming a first-tier supplier for well-known brands such as SAIC Volkswagen and Dongfeng Honda [75] - The company is actively pursuing market expansion and new product development, focusing on existing clients' new energy vehicle parts needs [91] - The company has established a new manufacturing entity, Ningde Hengyi Auto Parts Manufacturing Co., to target new energy vehicle clients like CATL and Geely [92] Risk Factors - The company faces risks related to fluctuations in the automotive industry's demand, which is closely tied to the overall performance of the vehicle manufacturing sector [107] - Approximately 80% of the company's main business costs are attributed to automotive sheet metal, making it vulnerable to price volatility in raw materials [108] - The company is at risk of slower growth or potential decline in performance due to increased competition, changes in customer structure, and rising costs associated with R&D and production [111] Corporate Governance and Compliance - The company did not propose any profit distribution plan or capital reserve transfer to increase share capital during the reporting period [6] - There were no significant legal disputes or arbitration matters reported during the reporting period, reflecting a stable operational environment [124] - The company has not disclosed any employee stock ownership plans or other incentive measures, suggesting a potential area for future development [126] - The company has not reported any significant changes in its investment strategies or market expansion plans [128] Cash Flow and Investments - Cash inflow from investment activities totaled CNY 350,025,557.63, while cash outflow was CNY 435,496,660.18, resulting in a net cash outflow of CNY -85,471,102.55 from investment activities [179] - The company reported a cash and cash equivalents balance of CNY 496,218,113.31 at the end of the reporting period, down from CNY 821,976,350.15 at the beginning of the period, indicating a decrease of approximately 39.6% [179] - The total cash outflow for financing activities was CNY 97,225,727.61, compared to CNY 102,697,401.20 in the previous year, showing a slight decrease of about 5.5% [179]

Financial Performance - Operating revenue for the period was CNY 885,535,450.63, representing a year-on-year increase of 14.45%[12] - Net profit attributable to shareholders was CNY 36,279,474.59, a decrease of 55.57% compared to the same period last year[12] - Basic earnings per share were CNY 0.12, down from CNY 0.51 in the same period last year[12] - Total operating revenue for Q1 2019 was ¥885,535,450.63, an increase of 14.4% compared to ¥773,737,871.65 in Q1 2018[40] - Net profit for Q1 2019 was ¥41,799,868.29, a decrease of 48.9% from ¥81,662,475.87 in Q1 2018[43] - The total profit for Q1 2019 was ¥52,620,815.76, down 46.8% from ¥98,717,153.38 in Q1 2018[43] - Q1 2019 net profit was CNY 20,306,261.81, down 72.2% from CNY 73,182,785.82 in Q1 2018[45] - Q1 2019 operating profit was CNY 24,796,606.73, a decline of 71.3% from CNY 86,456,797.68 in the same period last year[45] Cash Flow - Net cash flow from operating activities was negative CNY 17,172,503.53, compared to positive CNY 18,966,308.72 in the previous year[12] - Q1 2019 cash flow from operating activities was CNY -17,172,503.53, compared to CNY 18,966,308.72 in Q1 2018[51] - The net cash flow from operating activities for Q1 2019 was -67,445,878.01 RMB, compared to -39,731,871.05 RMB in Q1 2018, indicating a decline in operational cash flow[53] - Q1 2019 total cash inflow from operating activities was CNY 1,053,618,604.61, up from CNY 884,178,389.38 in Q1 2018[51] - Q1 2019 cash outflow for operating activities was CNY 1,070,791,108.14, compared to CNY 865,212,080.66 in Q1 2018[51] - The company reported a net cash flow from financing activities of 115,674.63 RMB in Q1 2019, compared to 172,110.49 RMB in Q1 2018, reflecting a decrease of approximately 32.7%[56] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,650,946,681.27, a decrease of 1.10% compared to the end of the previous year[12] - Total current assets decreased to ¥2,494,618,070.06 from ¥2,925,684,248.97, a decline of approximately 14.7% year-over-year[35] - Total non-current assets slightly decreased to ¥909,922,862.78 from ¥918,728,150.04, a decline of about 1.0%[35] - Total liabilities decreased to ¥1,851,415,860.46 from ¥1,959,078,095.36, a decline of about 5.5%[31] - Total equity increased to ¥2,799,530,820.81 from ¥2,743,375,925.40, an increase of approximately 2.1%[31] - Total liabilities as of Q1 2019 amounted to ¥948,703,348.52, a decrease of 32.7% from ¥1,408,881,076.50 in the previous year[38] - Total equity as of Q1 2019 was ¥2,455,837,584.32, an increase from ¥2,435,531,322.51 in Q1 2018[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,616[18] - The largest shareholder, Chen Jinghong, held 56.09% of the shares, with 32,480,000 shares pledged[18] Inventory and Expenses - Inventory increased to ¥629,437,109.28 from ¥604,926,834.26, an increase of about 4.0%[35] - Research and development expenses for Q1 2019 were ¥28,437,019.74, with no prior year data available for comparison[40] - The company reported a decrease in management expenses to ¥27,772,943.69 from ¥47,982,961.86 in Q1 2018, reflecting a cost control strategy[40] Other Financial Indicators - The weighted average return on net assets decreased to 1.39%, down 1.78 percentage points from the previous year[12] - The company reported a government subsidy of CNY 392,687.49 included in the current period's profit and loss[15] - There were no significant changes in major accounting items or financial indicators during the reporting period[22]

Financial Performance - The company's operating revenue for 2018 was CNY 4,052,428,544.24, representing a 27.74% increase compared to CNY 3,172,327,908.01 in 2017[23]. - The net profit attributable to shareholders of the listed company for 2018 was CNY 205,825,329.39, a decrease of 8.97% from CNY 226,111,764.34 in 2017[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 200,537,048.51, down 9.07% from CNY 220,537,821.01 in the previous year[23]. - Basic earnings per share for 2018 was CNY 0.66, a decrease of 53.24% compared to CNY 1.41 in 2017[25]. - Diluted earnings per share for 2018 was also CNY 0.66, reflecting the same percentage decrease as basic earnings per share[25]. - The weighted average return on equity decreased by 1.47 percentage points to 8.04% in 2018 from 9.51% in 2017[28]. - The gross margin for the main products decreased, leading to a decline in net profit[87]. - The company distributed a cash dividend of 138,880,000.00 RMB, accounting for 67.47% of the net profit attributable to shareholders[156]. Cash Flow and Assets - The net cash flow from operating activities for 2018 was CNY 282,658,561.70, a significant increase of 356.79% compared to CNY 61,878,948.86 in 2017[23]. - The total assets at the end of 2018 were CNY 4,702,454,020.76, reflecting a 20.15% increase from CNY 3,913,859,399.67 at the end of 2017[23]. - The net assets attributable to shareholders of the listed company at the end of 2018 were CNY 2,590,466,864.99, a 2.30% increase from CNY 2,532,306,810.35 at the end of 2017[23]. - The operating cash flow net amount was 282.66 million RMB, a significant increase of 356.79% compared to the previous year[88]. Market and Industry Trends - In 2018, the automotive industry in China experienced a decline, with production and sales dropping by 4.2% and 2.8% respectively, marking the first negative growth in 28 years[51]. - New energy vehicles saw significant growth in 2018, with production and sales reaching 1.27 million and 1.256 million units, representing increases of 59.9% and 61.7% year-over-year[54]. - The automotive parts industry is crucial to the overall automotive manufacturing sector, with the company positioned to benefit from the industry's growth despite recent challenges[51]. - The automotive parts industry in China saw total sales revenue exceeding CNY 4 trillion in 2018, indicating continuous growth[136]. Strategic Initiatives - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[7]. - The company has established stable partnerships with major domestic automotive manufacturers, becoming a first-tier supplier for well-known brands such as SAIC Volkswagen and Dongfeng Honda[58]. - The company is transitioning towards high-value-added products in metal tubing, moving from traditional engine components to high-pressure pipe technologies[63]. - The company plans to continue expanding its product offerings and enhancing production capabilities to drive future growth[87]. - The company aims to enhance its core competitiveness by increasing the recruitment of high-end technology and management talents, focusing on becoming a leading domestic and internationally competitive automotive parts enterprise[143]. Research and Development - The company developed 1,905 new products during the year, with over 1,000 new products entering mass production[75]. - The total R&D investment reached 150.58 million yuan, which is 3.72% of the operating revenue[111]. - R&D expenses totaled 149.85 million yuan, with a year-on-year increase of 9.49%[107]. - The company has a strong R&D team capable of synchronous design and development, allowing for rapid integration of customer needs into product planning[62]. Acquisitions and Investments - The company expanded into the new energy vehicle parts sector by acquiring Jiangsu Hengyi, adding products such as battery box lower trays and motor housings[42]. - The acquisition of 51% of Jiangsu Hengyi Auto Parts for approximately 247.35 million yuan is expected to contribute a net profit of no less than 16.5 million yuan from 2018 to 2020[80]. - The company established a 1 billion yuan industrial fund focused on investments in the automotive new energy and new materials sectors[81]. - The company has acquired land use rights and plans to invest in capacity expansion, but faces uncertainties that may affect its growth rate and profitability[152]. Operational Efficiency - The company has implemented an ERP information management system to enhance resource utilization efficiency and control production costs[66]. - The company has introduced intelligent production lines to improve automation levels and production efficiency[79]. - The company is implementing production technology upgrades to reduce costs and improve efficiency, including the introduction of fully automated stamping and flexible robotic welding production lines[146]. - The company invested in automation production equipment to improve efficiency, contributing to steady growth in its main business[87]. Risk Management - The company has not reported any significant risks that could materially affect its operations during the reporting period[8]. - The company has a comprehensive risk management strategy in place to address various potential risks as detailed in the report[8]. - The company faces risks related to the automotive industry's cyclical nature, which could impact product sales if the manufacturing sector experiences a downturn[148]. Customer and Supplier Relations - Major clients include Dongfeng Honda, SAIC Volkswagen, and Changan Automobile, indicating a strong customer base in the automotive industry[42]. - The top five customers contributed sales of 2,009.61 million yuan, accounting for 50.48% of the annual total sales[106]. - The top five suppliers accounted for 839.54 million yuan in purchases, representing 51.85% of the annual total purchases[106].

2018 年第三季度报告 公司代码：603358 公司简称：华达科技 华达汽车科技股份有限公司 2018 年第三季度报告 1 / 20 | 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 | 7 | 2018 年第三季度报告 一、 重要提示 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人陈竞宏、主管会计工作负责人许霞及会计机构负责人（会计主管人员）刘丹群保 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 / 20 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 4,747,190,130.36 3,913,859,399.67 21.29 归属于上市公司 股东的净资产 2,565,204,657.35 2,532,306,810.35 1.30 年初至报告期末 （1-9 月） 上年初至上年报告期末 （1-9 月） 比上年同期增减 ...

Financial Performance - In the first half of 2018, the company achieved a consolidated net profit of ¥143,387,169.36, representing an increase of 8.33% compared to the same period last year[5]. - The company's operating revenue for the first half of 2018 was ¥1,891,886,881.97, reflecting a growth of 34.55% year-on-year[21]. - The net profit attributable to shareholders was 143 million yuan, representing a year-on-year growth of 8.33%[48]. - Basic earnings per share for the first half of the year is CNY 0.64, down from CNY 0.86 in the same period last year[23]. - The weighted average return on equity decreased by 0.27 percentage points to 5.51% compared to the previous year[23]. - The company reported a significant increase in accounts payable, which rose by 46.78% to approximately CNY 238.52 million due to an increase in bank acceptance bills[59]. - The company reported a significant increase in accounts payable, which rose to ¥1,093,576,543.14 from ¥1,124,238,531.29, a decrease of about 2.73%[118]. - The company reported a net increase in cash and cash equivalents of ¥-79,685,572.10, compared to an increase of ¥46,793,724.97 in the previous period[131]. Cash Flow and Investments - The net cash flow generated from operating activities reached ¥156,624,551.16, a significant increase of 736.63% compared to the previous year[22]. - Operating cash inflow for the current period reached ¥1,877,939,791.53, an increase of 20.1% compared to ¥1,563,343,073.32 in the previous period[130]. - Investment activities generated a net cash outflow of ¥133,723,072.38, improving from a larger outflow of ¥940,209,629.91 in the previous period[131]. - The company has established a CNY 1 billion industrial fund focused on investments in the new energy and new materials sectors, with a commitment of CNY 550 million from the company[52]. - The company acquired 51% of Jiangsu Hengyi Auto Parts for approximately CNY 247.35 million, with a commitment for net profits of no less than CNY 45 million, CNY 55 million, and CNY 65 million for 2018, 2019, and 2020 respectively[51]. Assets and Liabilities - The company's total assets as of June 30, 2018, amounted to ¥3,996,708,020.27, which is a 2.12% increase from the end of the previous year[22]. - Total liabilities increased to ¥1,429,814,040.56 from ¥1,381,552,589.32, marking an increase of approximately 3.48%[119]. - The company's equity increased to ¥2,566,893,979.71 from ¥2,532,306,810.35, reflecting a growth of about 1.37%[119]. - The total non-current assets increased to ¥1,306,057,774.10 from ¥1,220,241,147.95, reflecting a growth of approximately 7.06%[116]. - The company's retained earnings increased to ¥800,455,874.78 from ¥765,868,705.42, showing an increase of about 4.67%[119]. Operational Strategy and Market Position - The company operates as an independent third-party supplier of stamped parts, providing a competitive cost advantage over competitors tied to specific automakers[35]. - The company’s business model involves a "make-to-order" approach, ensuring production aligns with customer demand and specifications[32]. - The automotive parts industry is crucial to the overall automotive manufacturing sector, influencing the company's growth prospects[33]. - The company has established stable partnerships with major domestic automakers, including SAIC Volkswagen and Dongfeng Honda, enhancing its customer base[36]. - The company is focusing on new product development, with several new products entering mass production in the first half of the year[48]. Risks and Challenges - The company has no significant operational risks that could materially affect its business during the reporting period[7]. - The company’s future plans and strategies are subject to market risks and uncertainties, and investors are advised to be cautious[6]. - The automotive parts industry is facing challenges from rising raw material prices and increasing competition, impacting overall performance[47]. - The company anticipates risks related to the automotive industry's cyclical nature, which could impact product sales if the manufacturing sector declines[69]. - The company is facing potential risks of declining return on equity due to increased net assets from the public offering, which may dilute short-term returns[72]. Governance and Compliance - The company appointed the accounting firm Deloitte as the auditor for the fiscal year 2018, approved by the shareholders' meeting[78]. - There were no significant lawsuits or arbitration matters during the reporting period[80]. - The company has not engaged in any major related party transactions during the reporting period[81]. - The audit opinion confirmed that the financial statements fairly reflect the company's financial position and operating results for the first half of 2018[97]. - The company has implemented internal controls related to revenue recognition and inventory impairment, which were evaluated for effectiveness during the audit[103][105]. Shareholder Information - The company plans to distribute a cash dividend of ¥2 per 10 shares, totaling ¥44,800,000.00, and to increase its share capital by 89,600,000 shares through capital reserve conversion[5]. - The largest shareholder, Chen Jinghong, holds 125,641,740 shares, representing 56.09% of the total shares[90]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the top four alone accounting for over 75%[90]. - The company has a significant number of pledged shares, with Chen Jinghong pledging 18,200,000 shares[90]. - The company has no foreign shareholders listed in the top ten shareholders[90]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, reflecting the company's financial position and operating results accurately[155]. - The company has a clear policy for revenue recognition based on its production and operational characteristics[154]. - The company uses the weighted average method for inventory valuation upon issuance, ensuring accurate cost measurement[192]. - The company assesses the recoverable amount of inventory and recognizes impairment losses when the cost exceeds the net realizable value[192]. - The company applies the aging analysis method for assessing bad debt provisions on receivables, with specific percentages for different aging categories, such as 100% for receivables over 3 years[190].

Financial Performance - In 2017, the company achieved a consolidated net profit of ¥226,111,764.34[5] - The company's operating revenue for 2017 was approximately ¥3.17 billion, representing a year-over-year increase of 16.43% compared to ¥2.72 billion in 2016[22] - Net profit attributable to shareholders decreased by 22.27% to approximately ¥226.11 million in 2017 from ¥290.88 million in 2016[22] - The basic earnings per share for 2017 was ¥1.41, down from ¥2.42 in 2016, making year-over-year comparison not applicable due to changes in total shares outstanding[23] - The weighted average return on equity decreased significantly to 9.51% in 2017 from 25.42% in 2016, a decline of 15.91 percentage points[23] - Cash flow from operating activities saw a drastic decline of 80.11%, dropping to approximately ¥61.88 million in 2017 from ¥311.18 million in 2016[22] - Total assets increased by 56.28% to approximately ¥3.91 billion at the end of 2017, compared to ¥2.50 billion at the end of 2016[22] - The company's net assets attributable to shareholders grew by 100.99% to approximately ¥2.53 billion at the end of 2017, up from ¥1.26 billion at the end of 2016[22] Profit Distribution and Share Capital - The proposed profit distribution plan includes a cash dividend of ¥6.8 per 10 shares, totaling ¥108,800,000.00[5] - The company's registered capital will change to ¥224,000,000.00 following the proposed share increase[5] - The company plans to increase its total share capital from 160,000,000 shares to 224,000,000 shares through a capital reserve conversion, distributing 64,000,000 additional shares[5] - The company’s cash dividend for 2017 was set at 108,800,000.00 RMB, which accounted for 48.12% of the net profit, reflecting a strong commitment to shareholder returns[109] Operational Capacity and Development - The company has a total of 10 wholly-owned subsidiaries across various locations, enhancing its operational capacity[11] - The company primarily focuses on the development, production, and sales of passenger car body parts and related molds, serving major automotive manufacturers[31] - The company has developed new products and technologies, including the application of flower-patterned heat insulation plates and the transition to high-pressure pipe manufacturing, enhancing its product offerings[39] - New production bases were established in Tianjin, Qingdao, Yancheng, Huizhou, and Changsha to alleviate capacity constraints and optimize industrial layout[52] - The company plans to develop 1,000 new products and apply for 10 patents in 2018, focusing on components for new energy vehicles and enhancing automation in production[98] Risk Management and Challenges - The company has not identified any significant risks that could materially affect its operations during the reporting period[7] - The company emphasizes the importance of investor awareness regarding potential risks associated with forward-looking statements[6] - The automotive industry is facing risks due to fluctuations in market demand, with a significant slowdown in passenger car sales growth reported by the China Association of Automobile Manufacturers (CAAM) in 2017[101] - The cost of automotive sheet metal, which constitutes approximately 80% of the company's main business costs, is subject to price volatility, potentially impacting profitability if sales prices do not adjust timely to raw material cost increases[102] - The company has faced risks related to the potential for overcapacity in the automotive industry due to macroeconomic overheating, which could lead to policy changes affecting production and consumption[105] Research and Development - The company has a strong research and development team capable of synchronous design and development, collaborating with major automotive industry players[38] - Research and development expenses rose by 12.16% to RMB 138,909,442.34, driven by an increase in new product development[62] - The total R&D expenditure for the period was 138,909,442.34, accounting for 4.38% of the operating revenue[74] - The company has accumulated core technology in automated stamping molds and high-strength stamping parts, contributing to its competitive edge in the market[37] Financial Position and Assets - Total assets reached 3,913.86 million yuan, an increase of 56.28% year-on-year, primarily due to the completion of the initial public offering[60] - The net assets attributable to shareholders increased by 100.99% to 2,532.31 million yuan, driven by the IPO[60] - The company’s cash and cash equivalents increased by 291.39% to 954,259,422.25, up from 243,815,995.55 in the previous period[79] - The inventory increased by 44.64% to 1,006,618,481.40, compared to 695,952,586.47 in the previous period[79] Corporate Governance and Management - The company has not faced any major litigation or arbitration matters during the reporting period[117] - The company has maintained stable management with no changes in key personnel during the reporting period[146] - The company has established a comprehensive training management system to enhance employee skills and overall quality[156] - The total remuneration for the chairman during the reporting period was 660,000 RMB[147] Market Trends and Industry Outlook - The automotive parts industry in China has seen rapid development, with significant improvements in scale, technology, and management over the past decade, indicating substantial growth potential[34] - The automotive industry in China is expected to become a global hub for automotive components, with significant growth opportunities driven by stable domestic consumption and international collaboration[94] - The domestic automotive parts industry is experiencing a trend towards group development, with private enterprises rapidly growing due to flexible management and cost control, while state-owned enterprises are gradually losing market share[91]

[I. Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) The company's management guarantees the report's accuracy and completeness, noting that the quarterly report is unaudited [1.1 Guarantee of Report Authenticity by Board, Supervisory Board, and Management](index=3&type=section&id=Item%201.1%20Guarantee%20of%20Report%20Authenticity%20by%20Board%2C%20Supervisory%20Board%2C%20and%20Management) The board, supervisory board, and senior management assure the report's truthfulness and completeness, explicitly stating it is unaudited - Company management guarantees the truthfulness, accuracy, and completeness of the 2018 first-quarter report[4](index=4&type=chunk) - This company's first-quarter report is unaudited[4](index=4&type=chunk) [II. Company Profile](index=3&type=section&id=Item%20II.%20Company%20Profile) This section provides an overview of the company's key financial data and shareholder information for the reporting period [2.1 Key Financial Data](index=3&type=section&id=Item%202.1%20Key%20Financial%20Data) In Q1 2018, revenue grew 33.27% to RMB 773.74 million, net profit attributable to shareholders increased 5.21% to RMB 81.66 million, and operating cash flow turned positive Key Financial Data for Q1 2018 | Indicator | Current Period | Prior Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 773,737,871.65 | 580,578,688.75 | 33.27% | | Net Profit Attributable to Shareholders (RMB) | 81,662,475.87 | 77,620,140.93 | 5.21% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (RMB) | 80,121,312.87 | 76,451,707.30 | 4.80% | | Net Cash Flow from Operating Activities (RMB) | 18,966,308.72 | -112,908,314.86 | Not Applicable | | Basic Earnings Per Share (RMB/share) | 0.51 | 0.49 | 4.08% | | Weighted Average Return on Net Assets (%) | 3.17% | 5.19% | Decreased by 2.02 percentage points | | **Indicator** | **End of Current Period** | **End of Prior Year** | **Change from Prior Year-End (%)** | | Total Assets (RMB) | 3,992,683,858.20 | 3,913,859,399.67 | 2.01% | | Net Assets Attributable to Shareholders (RMB) | 2,613,969,286.22 | 2,532,306,810.35 | 3.22% | - Total non-recurring gains and losses for the reporting period amounted to **RMB 1.54 million**, primarily from government subsidies and other non-operating income recognized in the current period[7](index=7&type=chunk)[8](index=8&type=chunk) [2.2 Total Shareholders, Top Ten Shareholders, and Top Ten Unrestricted Shareholders at Period End](index=5&type=section&id=Item%202.2%20Total%20Shareholders%2C%20Top%20Ten%20Shareholders%2C%20and%20Top%20Ten%20Unrestricted%20Shareholders%20at%20Period%20End) As of the reporting period end, the company had 18,110 shareholders, with controlling shareholder Chen Jinghong holding 56.09% of shares, some of which are pledged - As of the end of the reporting period, the company had **18,110 shareholders**[8](index=8&type=chunk) Top Five Shareholders' Holdings | Shareholder Name | Number of Shares Held | Percentage (%) | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | | Chen Jinghong | 89,744,100 | 56.09 | Pledged 13,000,000 | | Ge Jianghong | 14,247,700 | 8.90 | Pledged 7,200,000 | | Liu Danqun | 8,968,800 | 5.61 | None | | Zhu Shimin | 5,443,200 | 3.40 | None | | Xu Xia | 1,599,600 | 1.00 | None | - Among the top ten shareholders, Ge Jianghong is the son-in-law of Chen Jinghong; no other related party relationships exist among the remaining shareholders[9](index=9&type=chunk) [III. Significant Events](index=6&type=section&id=Item%20III.%20Significant%20Events) This section confirms that no significant changes in accounting items, financial indicators, or major event progress were reported for the period [3.1 Significant Changes in Key Accounting Statement Items and Financial Indicators, and Reasons](index=6&type=section&id=Item%203.1%20Significant%20Changes%20in%20Key%20Accounting%20Statement%20Items%20and%20Financial%20Indicators%2C%20and%20Reasons) The company did not disclose any significant changes in key accounting statement items or financial indicators during the reporting period - The company indicated 'not applicable' in this report, meaning no significant changes in key accounting statement items or financial indicators and their reasons were reported[10](index=10&type=chunk) [3.2 Analysis of Progress, Impact, and Solutions for Significant Events](index=6&type=section&id=Item%203.2%20Analysis%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Events) The company did not report any progress, impact, or solutions for significant events during the reporting period - The company indicated 'not applicable' in this report, meaning no progress on significant events was reported[10](index=10&type=chunk) [3.4 Warning and Explanation Regarding Potential Cumulative Net Loss or Significant Change in Net Profit from Year-Beginning to End of Next Reporting Period](index=6&type=section&id=Item%203.4%20Warning%20and%20Explanation%20Regarding%20Potential%20Cumulative%20Net%20Loss%20or%20Significant%20Change%20in%20Net%20Profit%20from%20Year-Beginning%20to%20End%20of%20Next%20Reporting%20Period) The company did not provide a performance forecast or issue any warnings regarding potential cumulative net loss or significant changes in net profit for the next reporting period - The company indicated 'not applicable' in this report, meaning no warning regarding significant changes in cumulative net profit for the next reporting period was issued[11](index=11&type=chunk) [IV. Appendix](index=7&type=section&id=Item%20IV.%20Appendix) This section contains the unaudited financial statements for the first quarter of 2018, including the balance sheet, income statement, and cash flow statement [4.1 Financial Statements](index=7&type=section&id=Item%204.1%20Financial%20Statements) This chapter provides the company's unaudited consolidated and parent company financial statements for Q1 2018, including the balance sheet, income statement, and cash flow statement [Consolidated Balance Sheet](index=7&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2018, total assets were RMB 3.99 billion, up 2.01%, with total liabilities at RMB 1.38 billion and equity attributable to parent company at RMB 2.61 billion Key Items from Consolidated Balance Sheet (March 31, 2018) | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 486,786,678.90 | 954,259,422.25 | -49.0% | | Inventories | 1,220,224,391.59 | 1,006,618,481.40 | +21.2% | | Total Assets | 3,992,683,858.20 | 3,913,859,399.67 | +2.01% | | Total Liabilities | 1,378,714,571.98 | 1,381,552,589.32 | -0.21% | | Total Equity Attributable to Parent Company Owners | 2,613,969,286.22 | 2,532,306,810.35 | +3.22% | [Consolidated Income Statement](index=11&type=section&id=Consolidated%20Income%20Statement) In Q1 2018, total operating revenue reached RMB 773.74 million, a 33.27% increase, while total operating costs grew 39.31%, resulting in a net profit of RMB 81.66 million Key Items from Consolidated Income Statement (Jan-Mar 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 773,737,871.65 | 580,578,688.75 | +33.27% | | Total Operating Costs | 680,372,695.93 | 488,380,419.87 | +39.31% | | Operating Profit | 98,056,993.19 | 92,418,268.88 | +6.10% | | Total Profit | 98,717,153.38 | 93,800,823.73 | +5.24% | | Net Profit | 81,662,475.87 | 77,620,140.93 | +5.21% | | Basic Earnings Per Share (RMB/share) | 0.51 | 0.49 | +4.08% | [Consolidated Cash Flow Statement](index=14&type=section&id=Consolidated%20Cash%20Flow%20Statement) Q1 2018 saw net cash flow from operating activities improve to RMB 18.97 million, while investing activities resulted in a net outflow of RMB 472.42 million Key Items from Consolidated Cash Flow Statement (Jan-Mar 2018) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 18,966,308.72 | -112,908,314.86 | | Net Cash Flow from Investing Activities | -472,420,691.63 | -325,904,153.19 | | Net Cash Flow from Financing Activities | 172,110.49 | 1,079,574,228.94 | | Net Increase in Cash and Cash Equivalents | -453,512,743.35 | 640,732,218.74 | [4.2 Audit Report](index=17&type=section&id=Item%204.2%20Audit%20Report) The financial statements included in this quarterly report are unaudited - The company explicitly states that this quarterly financial report is unaudited[32](index=32&type=chunk)

Financial Performance - Operating revenue for the first nine months reached CNY 2,231,279,146.57, a 20.47% increase from the same period last year[6] - Net profit attributable to shareholders decreased by 11.70% to CNY 177,373,092.60 compared to the previous year[6] - The weighted average return on equity fell by 10.53 percentage points to 7.58%[7] - Basic and diluted earnings per share were both CNY 1.14, down from CNY 1.67 in the previous year[7] - Year-to-date operating revenue for 2017 (January to September) was ¥2,231,279,146.57, compared to ¥1,852,155,661.61 for the same period in 2016, reflecting a growth of 20.5%[22] - Year-to-date net profit for 2017 (January to September) was ¥177,373,092.60, down from ¥200,877,647.59 in 2016, indicating a decline of 11.7%[23] - Total operating revenue for Q3 2017 reached ¥825,236,642.89, a 35.1% increase from ¥610,863,782.96 in Q3 2016[22] - Net profit for Q3 2017 was ¥45,009,846.07, a decrease of 40.7% compared to ¥75,783,125.38 in Q3 2016[23] - Total comprehensive income for Q3 2017 was ¥45,009,846.07, a decrease of 40.7% from ¥75,783,125.38 in Q3 2016[24] Assets and Liabilities - Total assets increased by 48.34% to CNY 3,714,973,136.87 compared to the end of the previous year[6] - Total current assets increased to ¥2,614,043,035.69 from ¥1,526,568,572.97, representing a growth of 71.3%[14] - Total non-current assets reached ¥1,100,930,101.18, up from ¥977,791,971.26, marking a rise of 12.5%[15] - Total current liabilities decreased slightly to ¥1,224,832,759.42 from ¥1,237,828,841.29, a decline of 1.1%[15] - Total liabilities decreased to ¥1,231,404,998.27 from ¥1,244,424,112.63, a reduction of 1.0%[16] - Shareholders' equity increased significantly to ¥2,483,568,138.60 from ¥1,259,936,431.60, reflecting a growth of 97.0%[16] Cash Flow - The company reported a net cash flow from operating activities of -CNY 67,595,936.95 for the first nine months, compared to CNY 242,320,011.92 in the same period last year[6] - Cash flow from operating activities for the first nine months of 2017 was negative at -¥67,595,936.95, a significant drop from a positive cash flow of ¥242,320,011.92 in the same period last year[29] - The company reported a total operating cash inflow of ¥2,041,104,763.59 for the first nine months of 2017, compared to ¥1,799,436,958.61 in the same period last year[29] - Total cash outflow for operating activities was approximately $2.38 billion, an increase from $1.63 billion in the previous year, indicating higher operational costs[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,534[10] - The top shareholder, Chen Jinghong, holds 56.09% of the shares, totaling 89,744,100 shares[10] Investment Activities - Investment activities resulted in a net cash outflow of -¥899,889,151.52 for the first nine months of 2017, compared to -¥109,239,036.71 in the previous year[30] - The company received approximately $1.17 billion from investment activities, primarily from new investments, reflecting a strategic focus on growth[33] Operating Costs - Total operating costs for Q3 2017 were ¥780,054,830.45, up 52.5% from ¥511,083,512.19 in Q3 2016[22] - Total operating costs for the first nine months of 2017 were ¥2,038,034,587.02, an increase of 28.1% from ¥1,591,330,827.04 in the same period of 2016[22] - Management expenses for the first nine months of 2017 were ¥137,525,822.85, up from ¥104,201,840.25 in the previous year, indicating an increase of about 31.93%[26] Tax and Refunds - The company received tax refunds amounting to ¥4,105,530.79 during the first nine months of 2017, compared to ¥416,741.21 in the same period last year, showing a significant increase[29]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,406,042,503.68, representing a 13.27% increase compared to CNY 1,241,291,878.65 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2017 was CNY 132,363,246.53, which is a 5.81% increase from CNY 125,094,522.21 in the previous year[18]. - The basic earnings per share for the first half of 2017 was CNY 0.86, which is not comparable to the previous year's CNY 1.04 due to changes in total share capital[19]. - The weighted average return on equity decreased to 5.78%, down 5.68 percentage points from 11.46% in the same period last year[19]. - The company achieved revenue of 1.406 billion yuan and net profit of 132 million yuan, representing year-on-year growth of 13.27% and 5.81% respectively[42]. - The total profit before tax for the first half of 2017 was CNY 139,291,487.86, down from CNY 147,461,363.80, reflecting a decrease of approximately 5.5%[101]. - The company’s net profit for the first half of 2017 was CNY 118,222,778.70, an increase from CNY 112,352,034.02 in the same period last year, representing a growth of approximately 5.1%[101]. Cash Flow and Investments - The net cash flow from operating activities decreased significantly by 87.44%, amounting to CNY 18,720,982.76 compared to CNY 149,055,811.67 in the same period last year[18]. - The net cash flow from investing activities was negative at -¥940,209,629.91, reflecting investments in wealth management products and project funding[49]. - The net cash flow from financing activities was positive at ¥968,514,496.18, resulting from the company's initial public offering[49]. - The company reported cash inflows from sales of goods and services amounting to CNY 1,553,885,723.49, up from CNY 1,198,274,394.53, which is an increase of approximately 29.7%[103]. - The company raised CNY 1,155,058,614.41 from financing activities, a substantial increase compared to CNY 77,500,000.00 in the same period last year[104]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 3,583,254,423.97, a 43.08% increase from CNY 2,504,360,544.23 at the end of the previous year[18]. - Total current assets reached ¥2,533,638,797.05, up from ¥1,526,568,572.97, reflecting a growth of 66.0%[89]. - Total liabilities decreased to ¥1,144,696,131.43 from ¥1,244,424,112.63, a reduction of 8.0%[91]. - The total equity attributable to owners of the parent rose to ¥2,438,558,292.54 from ¥1,259,936,431.60, an increase of 93.3%[91]. - Cash and cash equivalents increased to ¥312,647,220.52 from ¥243,815,995.55, representing a growth of 28.2%[89]. Market and Industry Context - The automotive industry in China saw production and sales of 13.52 million and 13.35 million vehicles respectively, with a year-on-year growth of 4.64% and 3.81%[29]. - Passenger vehicle production and sales reached 11.48 million and 11.25 million units, with year-on-year growth of 3.16% and 1.61%[29]. - The automotive parts industry is characterized by high entry barriers, requiring suppliers to undergo rigorous certification processes by vehicle manufacturers[32]. - The company operates as an independent third-party supplier of stamped parts, providing a cost control advantage compared to competitors within the vehicle manufacturers' systems[31]. Strategic Initiatives - The company plans to develop approximately 1,000 new products throughout 2017, expanding its customer base to major domestic automakers such as GAC Mitsubishi and Dongfeng Renault[42]. - The company implemented cost control measures in response to rising raw material prices, focusing on procurement, logistics, and warehouse cost management[44]. - The company is advancing its "smart manufacturing" strategy by integrating digital design and introducing fully automated stamping production lines and flexible robotic production lines[45]. - The company has increased its R&D investment, establishing a technology R&D center and focusing on core product development to maintain its competitive edge in the automotive stamping parts industry[46]. Governance and Compliance - The financial statements were approved by the board on August 18, 2017, reflecting the company's financial status as of June 30, 2017[130]. - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[128]. - The company adheres to the accounting standards set by the Ministry of Finance and the China Securities Regulatory Commission[133]. - The company has not reported any significant litigation or arbitration matters during the reporting period[67]. Shareholder Information - The total share capital increased from 120 million shares to 160 million shares, representing a 33.33% increase[73]. - The top shareholder, Chen Jinghong, holds 89,744,100 shares, accounting for 56.09% of the total shares[77]. - The company has 40 million unrestricted shares available for trading, which is 25% of the total shares[72]. - The first ten shareholders hold a total of 130,000,000 shares, which is 81.25% of the total shares[77].

2017 年第一季度报告 公司代码：603358 公司简称：华达科技 华达汽车科技股份有限公司 2017 年第一季度报告 1 / 17 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 7 | 2017 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 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 | 3,570,638,131.97 | 2,504,360,544.23 | | 42.58 | | 归属于上市公司 | 2,497,157,025.16 | 1,259,936,431.60 | | 98.20 | | 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(%) | | | 经营活动产生的 | -112,908,314.86 | 65,119, ...