公司代码：603577 公司简称：汇金通 青岛汇金通电力设备股份有限公司 2017 年第三季度报告 二〇一七年十月 | 一、 | 重要提示 | 1 | | --- | --- | --- | | 二、 | 公司基本情况 | 1 | | 三、 | 重要事项 | 4 | | 四、 | 附录 | 7 | 青岛汇金通电力设备股份有限公司 2017 年第三季度报告 1 / 18 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 公司负责人刘锋、主管会计工作负责人梁庭波及会计机构负责人（会计主管人员）梁庭波保 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。 青岛汇金通电力设备股份有限公司 2017 年第三季度报告 （元/股） 非经常性损益项目和金额 √适用 □不适用 | | | | 单位：元 币种：人民币 | | | | --- | --- | --- | --- | --- | --- | | 项目 | 本期金额 | | 年初 ...

Financial Performance - The company's operating revenue for the first half of 2017 was RMB 365,818,443.31, representing a 41.06% increase compared to RMB 259,330,953.75 in the same period last year[18]. - The net profit attributable to shareholders decreased by 11.55% to RMB 21,483,505.30 from RMB 24,288,678.51 year-on-year[18]. - The sales volume increased by 34.33%, driven by rising export orders from regions such as Canada and Pakistan, while domestic sales remained stable[20]. - The gross profit margin for the main business decreased by 6.58 percentage points to 20.48% due to rising material and labor costs[20]. - Basic and diluted earnings per share fell by 33.68% to RMB 0.1841, primarily due to the issuance of 29.18 million new shares[21]. - The company achieved operating revenue of 365.82 million RMB in the first half of 2017, representing a year-on-year increase of 41.06%[38]. - Net profit attributable to shareholders decreased by 11.55% to 21.48 million RMB during the same period[38]. - The cost of goods sold increased by 51.95% to 283.97 million RMB, primarily due to rising material and labor costs[38]. - Operating profit decreased to RMB 23,988,850.48, down 12.5% from RMB 27,292,268.53 year-over-year[82]. - The company reported a total profit for the current period of RMB 25,541,606.10, down 11.5% from RMB 28,717,196.10 in the previous period[83]. Assets and Liabilities - The total assets increased by 11.93% to RMB 1,653,801,115.22 from RMB 1,477,499,210.71 at the end of the previous year[18]. - The company's cash and cash equivalents at the end of the period amounted to ¥232,294,821.92, a decrease of 46.98% compared to the same period last year, primarily due to the use of raised funds for investment projects and temporary working capital supplementation[28]. - Accounts receivable at the end of the period reached ¥340,109,527.82, an increase of 36.46% year-on-year, mainly due to increased sales and outstanding payments[28]. - Inventory at the end of the period was ¥595,077,083.69, reflecting a 40.91% increase compared to the previous year, attributed to increased stock reserves based on sales orders[28]. - The total current assets amounted to ¥1,319,107,897.85, up from ¥1,193,363,123.59, reflecting a growth of around 10.6%[74]. - Total liabilities reached ¥817,430,312.04, compared to ¥637,058,686.02, which is an increase of approximately 28.3%[80]. - The company's total liabilities include deferred tax assets and liabilities, which are measured based on applicable tax rates expected to be recovered or settled in the future[162]. Cash Flow - Cash flow from operating activities showed a net outflow of 344.40 million RMB, attributed to increased prepayments for materials and outstanding receivables[38]. - The net cash flow from operating activities was -344,395,271.65 RMB, a significant decrease compared to -21,841,652.54 RMB in the previous period, indicating a worsening cash flow situation[89]. - Total cash inflow from operating activities amounted to 385,670,730.64 RMB, while cash outflow reached 730,066,002.29 RMB, resulting in a net cash flow deficit[89]. - The company received 306,500,000.00 RMB from borrowings, a substantial increase from 87,200,000.00 RMB in the previous period, indicating a reliance on debt financing[93]. - The ending balance of cash and cash equivalents was 186,568,883.92 RMB, down from 423,690,885.80 RMB at the beginning of the period, indicating a cash depletion[90]. Operational Efficiency - The company expanded its short-term borrowing to support the surge in sales orders, resulting in significantly higher interest expenses compared to the previous year[20]. - The company is focused on smart manufacturing and has introduced the latest technological equipment to enhance production efficiency and product quality[31]. - Research and development expenses rose by 20.87% to 10.02 million RMB, reflecting increased material consumption for R&D projects[38]. - The company is focusing on enhancing its internal control and management systems to support sustainable development[35]. Market and Competition - The company is facing market competition risks due to increased investment in power grid construction, which may lead to lower product sales prices and profit margins[46]. - The company is actively expanding into international markets to mitigate risks associated with reduced domestic investment in power grid construction[47]. - The company signed international market orders that accounted for approximately 25% of the total orders for the year, indicating significant growth in international market engagement[34]. Shareholder Information - The company held two shareholder meetings during the reporting period, with a total of 39 shareholders attending the first meeting and 33 attending the second, representing 68,072,773 and 66,789,273 shares respectively[50][51]. - No profit distribution or capital reserve transfer was proposed for the half-year period, with 0 shares for bonus shares, dividends, or capital increase per 10 shares[52]. - The total number of ordinary shareholders at the end of the reporting period was 15,604[63]. - The largest shareholder, Liu Yanhua, held 32,780,000 shares, accounting for 28.09% of the total shares[65]. Compliance and Governance - The company has no major litigation or arbitration matters during the reporting period[56]. - The company has no significant changes in accounting policies or estimates during the reporting period[60]. - The company has no major related party transactions during the reporting period[59]. - The company has no major contracts or performance issues during the reporting period[61]. - The company has no major integrity issues reported during the period[56]. Tax and Subsidies - The company benefits from a 9% export tax rebate on its main products, which include angle steel towers and their accessories[167]. - The company is recognized as a high-tech enterprise, allowing it to enjoy a reduced corporate income tax rate of 15% for the years 2016, 2017, and 2018[167]. - The company’s corporate income tax rate is 15% for its main entity, while other subsidiaries are subject to a higher rate of 25%[166].

Financial Performance - Basic earnings per share for 2016 were 0.7246 RMB, an increase of 11.67% compared to 2015[21]. - The weighted average return on equity for 2016 was 12.51%, a decrease of 0.21 percentage points from 2015[21]. - The company reported a basic earnings per share after deducting non-recurring gains and losses of 0.7110 RMB, up 10.37% from the previous year[21]. - The company's operating revenue for 2016 was CNY 652,287,756.12, representing a year-on-year increase of 17.99% compared to CNY 552,819,604.55 in 2015[22]. - The net profit attributable to shareholders for 2016 was CNY 63,401,949.25, an increase of 11.67% from CNY 56,778,268.56 in 2015[22]. - The net profit after deducting non-recurring gains and losses was CNY 62,215,182.89, up 10.37% from CNY 56,371,012.98 in 2015[22]. - The gross profit margin for the industrial manufacturing sector was 23.35%, a decrease of 0.29 percentage points from the previous year[67]. - The revenue from angle steel towers was CNY 449.03 million, with a year-on-year growth of 16.06%[68]. - The company achieved operating revenue of CNY 652.29 million in 2016, representing a year-on-year growth of 17.99%[61]. - The net profit attributable to shareholders was CNY 63.40 million, an increase of 11.67% compared to the previous year[61]. Dividend and Share Capital - The company plans to distribute a cash dividend of 1.65 RMB per 10 shares, totaling 19,252,200 RMB (including tax) for the year 2016[4]. - The company will increase its total share capital by 5,834,000 shares, resulting in a new total of 17,502,000 shares[4]. - The company’s cash dividend policy stipulates that at least 20% of distributable profits will be allocated as cash dividends when profitable[148]. - The company’s board of directors will consider industry characteristics and development stages when proposing differentiated cash dividend policies[149]. - The total number of ordinary shares increased from 87,500,000 to 116,680,000, with an increase of 29,180,000 shares[169]. Assets and Liabilities - The net assets attributable to shareholders at the end of 2016 were CNY 838,788,524.45, a significant increase of 76.65% from CNY 474,838,164.64 at the end of 2015[22]. - Total assets at the end of 2016 reached CNY 1,477,499,210.71, reflecting a growth of 71.32% from CNY 862,403,405.86 in 2015[22]. - The year-end balance of cash and cash equivalents was ¥438,086,647.69, an increase of 296.75% compared to the previous year-end balance of ¥110,419,451.97, primarily due to funds raised from the initial public offering[48]. - The year-end balance of inventory was ¥422,317,012.81, an increase of 82.43% from ¥231,494,628.28 at the end of the previous year, attributed to increased inventory reserves based on sales order scale[48]. - The year-end balance of short-term borrowings was ¥372,200,000.00, reflecting a 46.25% increase from ¥254,500,000.00 at the previous year-end, driven by the need for additional working capital loans[48]. - The total liabilities at the end of the reporting period were 638,710,686.26 yuan, representing 43.23% of total assets, an increase of 64.80% from the previous period[79]. Market and Competition - The company’s market share in the State Grid's bidding for 2016 was 1.57%, down from 1.79% in 2015[46]. - The company’s market share in the Inner Mongolia Grid's bidding for 2016 was 3.83%, a decrease from 7.76% in 2015[46]. - The company has faced a decrease in market share due to operational capital constraints and overseas business expansion[47]. - The company’s order acquisition is mainly through transparent public bidding, with significant clients including major state-owned enterprises[42]. - The company aims to mitigate risks from market competition by enhancing technological and management innovations to maintain its market position[143]. Production and Operations - The company’s main business includes the R&D, production, and sales of power transmission equipment, such as angle steel towers and steel pipe towers, with a production license for 750kV transmission line towers[29][32]. - The procurement model involves sourcing raw materials like steel and plates, with a supplier management system in place to ensure quality and reliability[37]. - The company adopts a bidding procurement model, selecting at least three suppliers for price inquiries before finalizing contracts[38]. - The production cost primarily includes material costs, labor costs, manufacturing expenses, and other direct costs[39]. - The company’s products are primarily non-standard and require specific design drawings from clients for production[39]. - The company has established a comprehensive quality management system, ensuring product quality through rigorous control from raw material inspection to after-sales service[49]. - The company’s ERP system integrates production management with data sharing, enhancing production efficiency and controlling production costs[51]. Research and Development - The company invested CNY 20.07 million in R&D, which is a 19.82% increase from the previous year[63]. - Research and development expenses totaled ¥20,065,610.90, accounting for 3.076% of total revenue, with 64 R&D personnel, making up 11.62% of the total workforce[76]. - The company has obtained 22 national patents and participated in the revision of several industry standards, demonstrating its commitment to technological innovation[53]. - The company has continuously introduced the latest technological equipment to enhance intelligent manufacturing, effectively improving production execution capabilities and efficiency[55]. Risks and Challenges - There were no significant risks that materially affected the company's operations during the reporting period[6]. - The company faces risks from raw material price fluctuations, as production is based on sales agreements signed 1-3 months prior, which can impact costs and profits[143]. - The company acknowledges foreign exchange risks due to increasing export business, which could affect pricing and economic benefits[143]. - The shortage of specialized talent remains a challenge for the industry's growth and development[120]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Zhongtianyun Accounting Firm[7]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors[7]. - The company has not encountered any non-standard audit opinions or significant accounting errors during the reporting period[158]. - There were no funds occupied or overdue receivables reported during the period[158]. - The company has committed to avoiding any form of related party transactions that could harm shareholder interests[156]. Future Outlook - The company plans to expand its market presence and enhance product offerings through new technology development and strategic partnerships[188]. - Future guidance indicates a focus on increasing production capacity and improving operational efficiency to meet rising demand[188]. - The company intends to utilize capital markets for both internal growth and external expansion, seeking new profit growth points[142]. - The company will strengthen its talent acquisition strategy to build a skilled workforce that meets market demands[141].

公司代码：603577 公司简称：汇金通 青岛汇金通电力设备股份有限公司 2017 年第一季度报告 二〇一七年四月 | 一、 | 重要提示 | 1 | | --- | --- | --- | | 二、 | 公司基本情况 | 1 | | 三、 | 重要事项 | 4 | | 四、 | 附录 | 7 | 青岛汇金通电力设备股份有限公司 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 | 1,572,274,656.26 | 1,477,499,210.71 | 6.41 | | | 归属于上市公司股 | 848,180,878.66 | 838,788,524.45 | 1.12 | | | 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(%) | | | 经营活动产生的现 | -319,405,249.53 | -11,46 ...