Financial Performance - Net profit attributable to shareholders decreased by 2.72% to CNY 36,039,658.06 for the first nine months of the year[7] - Operating income for the first nine months was CNY 336,133,687.22, reflecting a slight increase of 0.96% year-on-year[7] - Basic earnings per share decreased to CNY 0.18, down from CNY 0.24 in the previous year[8] - The weighted average return on equity decreased by 0.32 percentage points to 4.81%[8] - The company reported a significant decrease in other receivables by 40.06% to CNY 3,050,360.93 from CNY 5,088,638.87, mainly due to reduced land deposits[13] - Total operating profit for Q3 2019 was 14,765,812.15, a decrease from 16,067,074.50 in Q3 2018, representing a decline of approximately 8.1%[26] - Net profit for Q3 2019 was 13,187,521.26, down from 14,674,519.69 in Q3 2018, reflecting a decrease of about 10.1%[26] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2019 reaching CNY 336,133,687.22, compared to CNY 332,944,126.14 in the same period of 2018[24] - Total profit for the first three quarters of 2019 was CNY 34,621,116.93, slightly down from CNY 34,758,092.43 in the same period of 2018[30] Cash Flow - Net cash flow from operating activities rose significantly by 44.49% to CNY 71,448,426.44 compared to the same period last year[7] - The net cash flow from operating activities was CNY 71,448,426.44, a 44.49% increase compared to the previous period[14] - Cash flow from operating activities for the first three quarters of 2019 was CNY 334,434,428.66, down 4.4% from CNY 349,694,641.44 in the first three quarters of 2018[32] - The net cash flow from operating activities for Q3 2019 was ¥71,448,426.44, an increase of 44.4% compared to ¥49,448,821.74 in Q3 2018[33] - Total cash inflow from operating activities for the first nine months of 2019 was ¥442,008,839.77, down 3.2% from ¥456,585,059.89 in the same period of 2018[35] - The net cash flow from financing activities for Q3 2019 was -¥1,573,879.19, a significant decline from ¥39,191,794.73 in Q3 2018[33] Assets and Liabilities - Total assets increased by 2.45% to CNY 1,288,258,917.90 compared to the end of the previous year[7] - Total assets as of September 30, 2019, amounted to CNY 1,288,258,917.90, compared to CNY 1,257,426,112.90 at the end of 2018[18] - Total liabilities increased to CNY 533,983,605.42 from CNY 526,048,238.48 year-over-year[18] - Current liabilities totaled CNY 457,224,805.96, down from CNY 476,994,494.39 in the previous year[22] - Non-current liabilities rose to CNY 76,758,799.46, compared to CNY 49,053,744.09 in the previous year[18] - Shareholders' equity increased to CNY 754,275,312.48 from CNY 731,377,874.42 year-over-year[18] - Long-term borrowings increased by 146.56% to CNY 60,900,000.00 from CNY 24,700,000.00, reflecting increased financing activities[13] Shareholder Information - The total number of shareholders reached 14,363 by the end of the reporting period[11] - The largest shareholder, Fang Peijiao, holds 21.32% of the shares, totaling 43,360,786 shares[11] Operational Highlights - The company plans to continue its market expansion and product development initiatives in the upcoming quarters[14] - Research and development expenses for Q3 2019 were 6,819,224.00, up from 6,194,146.43 in Q3 2018, marking an increase of about 10.1%[25] - Sales expenses for the first three quarters of 2019 totaled 14,477,325.16, compared to 13,819,426.21 in the same period of 2018, an increase of approximately 4.8%[25] - Total operating costs for Q3 2019 were 107,285,731.91, compared to 104,393,335.14 in Q3 2018, reflecting an increase of approximately 2.8%[25] Other Financial Metrics - Financial expenses rose by 31.23% to CNY 16,616,961.82 from CNY 12,662,227.08, mainly due to increased bank loan interest[13] - Tax expenses for Q3 2019 were 1,683,892.05, compared to 1,392,554.81 in Q3 2018, indicating an increase of about 20.9%[26] - Other income for Q3 2019 was 1,999,504.14, significantly higher than 417,624.14 in Q3 2018, representing an increase of approximately 378.5%[25]

Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥215.53 million, representing a 1.25% increase compared to ¥212.87 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2019 was approximately ¥22.85 million, an increase of 2.14% from ¥22.37 million in the previous year[20]. - The net profit after deducting non-recurring gains and losses was approximately ¥19.58 million, showing a decrease of 6.34% compared to ¥20.91 million in the same period last year[20]. - The net cash flow from operating activities decreased by 10.35% to approximately ¥34.27 million, down from ¥38.23 million in the previous year[20]. - The total assets at the end of the reporting period were approximately ¥1.27 billion, reflecting a 0.92% increase from ¥1.26 billion at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥741.09 million, an increase of 1.33% from ¥731.38 million at the end of the previous year[20]. - Basic earnings per share for the first half of 2019 were ¥0.15, a 7.14% increase compared to ¥0.14 in the same period last year[19]. - The diluted earnings per share for the first half of 2019 were also ¥0.15, consistent with the basic earnings per share[19]. - The weighted average return on net assets was 3.08%, a slight decrease of 0.05 percentage points compared to 3.13% in the previous year[19]. Research and Development - The company specializes in the R&D, production, and sales of precision electronic components, primarily focusing on connectors and shielding covers for automotive and mobile phone applications[25]. - The company has a professional R&D team of 196 people and has developed 106 patent technologies, including 15 invention patents[27]. - Research and development expenses increased by 5.83% to 11.77 million yuan, reflecting the company's focus on enhancing innovation capabilities[37]. - The company plans to continue improving R&D and technical strength to maintain long-term strategic partnerships with high-quality clients[30]. Market and Competition - The company faces market risks due to potential fluctuations in demand for automotive and mobile phone markets, which could adversely affect its operations[51]. - The company is exposed to intensified market competition, with over a thousand domestic competitors in the precision electronic components industry[51]. - The company must continuously innovate and expand its product offerings to maintain profitability, as new customer certification and product development require significant investment[53]. Financial Position and Cash Flow - The company reported a decrease in cash and cash equivalents to CNY 63,416,134.52 from CNY 101,762,162.78, a decline of approximately 37.7%[115]. - The company’s total assets at the end of the reporting period were significantly impacted by a decrease in cash reserves, which fell by 34%[40]. - The company reported cash and cash equivalents of CNY 74,529,009.94, down from CNY 113,374,695.52, representing a decline of approximately 34.3%[111]. - Cash flow from operating activities totaled CNY 215,289,018.79, an increase from CNY 205,764,770.20 in the first half of 2018[125]. - The company experienced a net decrease in cash and cash equivalents of CNY -31,217,428.26 in the first half of 2019, compared to a decrease of CNY -33,870,561.18 in the same period of 2018[128]. Shareholder Commitments and Governance - The company reported a commitment from its controlling shareholder to avoid any direct or indirect competition with its existing and future business activities[65]. - The controlling shareholder pledged not to transfer or delegate management of their shares for 36 months following the successful listing of the company's stock[67]. - The company’s controlling shareholder will ensure that any potential competition from controlled entities will prioritize the company’s interests[66]. - Any economic losses incurred by the company due to violations of the commitments will be fully compensated by the controlling shareholder[66]. Subsidiaries and Equity - The company includes four subsidiaries in its consolidated financial statements[152]. - The total number of ordinary shareholders reached 10,813 by the end of the reporting period[102]. - The largest shareholder, Fang Peijiao, holds 33,354,451 shares, accounting for 21.32% of the total shares[104]. - The company has a registered capital of 156.455 million RMB and a total of 156.455 million shares[151]. Compliance and Legal Matters - The company has not reported any major litigation or arbitration matters during the reporting period[91]. - There were no significant related party transactions disclosed during the reporting period[92]. - The company has not faced any non-compliance issues regarding court judgments or significant debt defaults during the reporting period[91]. Accounting Policies and Financial Reporting - There were no significant changes in accounting policies or estimates compared to the previous accounting period[99]. - The financial statements have been approved by the board on August 28, 2019[151]. - The company conducts impairment testing for financial assets, recognizing impairment losses when the carrying amount exceeds the present value of expected future cash flows[170].

Financial Performance - Operating income for the reporting period was CNY 101,738,789.97, an increase of 1.45% year-on-year[6] - Net profit attributable to shareholders was CNY 7,289,518.71, a decrease of 17.90% compared to the previous year[6] - Basic and diluted earnings per share were both CNY 0.07, an increase of 16.67% compared to the previous year[6] - The company reported non-recurring gains of CNY 2,997,158.11 for the period[8] - Total operating revenue for Q1 2019 was CNY 101,738,789.97, an increase from CNY 100,281,756.01 in Q1 2018, representing a growth of approximately 1.45%[25] - The net profit for Q1 2019 was ¥10,286,676.82, representing a slight increase of 1.68% compared to ¥10,117,088.03 in Q1 2018[27] - The total profit for Q1 2019 was ¥11,964,599.97, compared to ¥11,474,649.07 in the same period last year, indicating a growth of 4.27%[26] - The operating profit for Q1 2019 was ¥8,728,600.27, a decrease of 23.9% from ¥11,453,409.78 in Q1 2018[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,247,665,517.3, a decrease of 0.77% compared to the end of the previous year[6] - The company's net assets attributable to shareholders increased by 1.41% to CNY 741,664,551.24[6] - Long-term borrowings increased by 87.45% to CNY 46,300,000.00 from CNY 24,700,000.00 in the previous period[13] - The company's total liabilities increased by 36.43% to CNY 46,785,907.89, driven by an increase in financing lease payments[13] - Total liabilities decreased to CNY 506,000,966.15 from CNY 526,048,238.48, a decrease of about 3.8%[19] - Total equity increased to CNY 741,664,551.24 from CNY 731,377,874.42, reflecting a growth of approximately 1.8%[19] Cash Flow - Net cash flow from operating activities increased by 44.56% to CNY 24,149,428.52[6] - Operating cash inflow for Q1 2019 was CNY 122,983,425.93, an increase of 9.4% from CNY 112,776,436.31 in Q1 2018[34] - Total cash outflow from operating activities was CNY 98,833,997.41, a slight increase from CNY 96,070,678.77 in Q1 2018[34] - Cash inflow from financing activities was CNY 68,637,000.00, a significant increase of 50.9% from CNY 45,407,000.00 in Q1 2018[35] - Net cash flow from financing activities improved to CNY 4,807,424.78, compared to a negative CNY -334,225.42 in the previous year[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,335[11] - The largest shareholder, Fang Peijiao, held 21.32% of the shares, with 33,354,451 shares pledged[11] Expenses - The company's financial expenses rose by 36.19% to CNY 5,898,967.46, primarily due to increased loan interest and fees[13] - Research and development expenses for Q1 2019 were CNY 5,796,579.84, up from CNY 5,203,180.98 in Q1 2018, representing an increase of approximately 11.4%[25] - The company's financial expenses increased to ¥5,391,893.23 in Q1 2019 from ¥3,989,443.14 in Q1 2018, marking a rise of 35.2%[29] Inventory and Receivables - The inventory level as of March 31, 2019, was CNY 259,750,756.43, compared to CNY 256,243,203.49 at the end of 2018[17] - The company's accounts receivable decreased slightly to CNY 254,066,316.02 from CNY 270,374,061.58 in the previous period[16] - Accounts receivable increased to CNY 308,307,637.36 from CNY 307,855,008.79, showing a slight increase of about 0.15%[20] - Inventory decreased to CNY 239,548,723.56 from CNY 243,893,084.40, a reduction of approximately 1.8%[20] Other Income - The company reported a significant decrease of 80.42% in other income, which fell to CNY 273,470.14 from CNY 1,396,624.14 in the previous year[13] - The company reported other income of ¥273,470.14 in Q1 2019, down significantly from ¥1,396,624.14 in Q1 2018[26]

Financial Performance - The company's operating revenue for 2018 was ¥434,356,092.05, representing a 16.10% increase compared to ¥374,126,728.69 in 2017[22]. - The net profit attributable to shareholders for 2018 was ¥43,368,091.20, a decrease of 12.14% from ¥49,360,497.36 in 2017[22]. - The basic earnings per share for 2018 was ¥0.28, down 12.50% from ¥0.32 in 2017[23]. - The weighted average return on equity decreased to 6.05% in 2018 from 7.21% in 2017, a decline of 1.16 percentage points[23]. - The net cash flow from operating activities for 2018 was ¥76,986,028.96, a decrease of 20.23% compared to ¥96,514,935.38 in 2017[22]. - The total assets at the end of 2018 were ¥1,257,426,112.9, an increase of 14.74% from ¥1,095,876,699.76 at the end of 2017[22]. - The net assets attributable to shareholders increased by 4.03% to ¥731,377,874.42 at the end of 2018 from ¥703,053,533.22 at the end of 2017[22]. - The company reported a net profit of ¥39,524,672.15 after deducting non-recurring gains and losses, a decrease of 13.72% from ¥45,808,745.39 in 2017[22]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.84 per 10 shares, totaling RMB 13,142,220, which accounts for 30.30% of the net profit attributable to shareholders for 2018[5]. - The company has established a cash dividend policy, committing to distribute at least 20% of the annual distributable profit as cash dividends, provided certain conditions are met[115]. - The company plans to maintain a stable and continuous profit distribution policy while considering long-term interests and sustainable development[112]. - In the past three years, the company has distributed cash dividends of 0.84 yuan per share in 2018, 1.25 yuan per share in 2017, and 1.25 yuan per share in 2016, with payout ratios of 30.30%, 30.48%, and 30.36% respectively[124]. - The company will prioritize cash dividends over stock dividends, ensuring sufficient cash dividends are distributed before proposing stock dividends[117]. Share Capital and Structure - The total share capital will increase from 156,455,000 shares to 203,391,500 shares after a capital reserve conversion, with a bonus issue of 3 shares for every 10 shares held, totaling 46,936,500 shares[5]. - The company completed a capital reserve conversion to increase share capital, issuing a total of 36,105,000 new shares, resulting in a total share capital of 156,455,000 shares[23]. - The company’s stock is listed on the Shanghai Stock Exchange under the code 603633[18]. - The total number of ordinary shareholders increased to 13,778 by the end of the reporting period, up from 11,335 at the end of the previous month[180]. Risk Management - The company has detailed potential risks in its report, which investors should consider[7]. - The company recognizes market demand fluctuations as a risk, particularly in the automotive and mobile phone markets, which are rapidly expanding[99]. - The company faces risks from market competition, with over 1,000 domestic competitors in the precision electronic connector and shielding cover industry, and must enhance its competitiveness to avoid market risks[100]. - The company has a high reliance on raw materials like precision electronic copper tape, and fluctuations in raw material prices could impact profitability[104]. - The company has a risk of accounts receivable management, as larger receivables could pressure cash flow despite low bad debt risk due to reputable clients[106]. Corporate Governance - The company has received a standard unqualified audit opinion from Tianjian Certified Public Accountants[4]. - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the integrity of the annual report[8]. - The company is committed to transparency and has designated multiple media outlets for information disclosure, including Shanghai Securities Journal and China Securities Journal[17]. - The company operates under the supervision of Hai Tong Securities as its sponsor, ensuring compliance and continuous oversight[19]. - The controlling shareholder committed to avoiding any direct or indirect competition with the company, ensuring no potential conflicts arise[128]. Research and Development - The company has a professional R&D team of 189 people and holds 84 patents, including 14 invention patents[36]. - The company invested 58.62 million yuan in fundraising projects during the reporting period, with a cumulative investment of 117.39 million yuan[43]. - Research and development expenses increased by 16.75% to 23.28 million RMB, reflecting the company's commitment to enhancing innovation and product quality[50]. - The company has 198 new products in development as of the end of 2018, up from 116 in 2017[44]. - The company aims to continuously improve its R&D capabilities and establish long-term strategic partnerships with high-quality clients[40]. Market Position and Strategy - The company has established stable partnerships with major clients such as Valeo, BYD, and Magna International, enhancing its competitive edge[40]. - The company is positioned in a competitive market with major players like Tyco and Amphenol, focusing on innovation and technology to maintain market share[76]. - The company is exploring market expansion opportunities in Southeast Asia, targeting a 25% increase in market share within the next two years[199]. - Strategic acquisitions are being considered to bolster the company's competitive position, with potential targets identified in the technology sector[199]. Social Responsibility - The company actively fulfills its social responsibilities, including employee rights protection and health management[168]. - The company is committed to community responsibilities, actively participating in various social assistance and community service activities[170]. - The company has established an environmental management system certified by ISO14001, promoting low-carbon and circular economies in its production processes[171]. Compliance and Legal Matters - The company has no major litigation or arbitration matters during the reporting period[159]. - The company and its controlling shareholders have no record of failing to fulfill court judgments or significant debts that are overdue[160]. - The company has not disclosed any stock incentive plans or employee stock ownership plans during the reporting period[161].

2018 年第三季度报告 公司代码：603633 公司简称：徕木股份 上海徕木电子股份有限公司 2018 年第三季度报告 1 / 21 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 7 | | 四、 | 附录 | 9 | 2018 年第三季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人朱新爱、主管会计工作负责人刘静及会计机构负责人（会计主管人员）袁建芳保 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 / 21 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 1,181,940,409.03 1,095,876,699.76 7.85 归属于上市公司 股东的净资产 72 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥212,870,602.68, representing a 25.73% increase compared to ¥169,313,402.70 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥22,373,047.15, a decrease of 2.75% from ¥23,006,070.34 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥20,905,781.77, showing a slight increase of 0.48% compared to ¥20,806,343.68 last year[19]. - The net cash flow from operating activities was ¥38,230,633.94, down 6.22% from ¥40,766,591.85 in the same period last year[19]. - The total assets at the end of the reporting period were ¥1,153,514,470.82, reflecting a 5.26% increase from ¥1,095,876,699.76 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company increased by 1.04% to ¥710,382,830.37 from ¥703,053,533.22 at the end of the previous year[19]. - The basic earnings per share remained stable at ¥0.19, unchanged from the same period last year[20]. - The weighted average return on net assets decreased by 0.25 percentage points to 3.13% from 3.38% in the previous year[20]. Revenue Breakdown - Main business revenue reached 201.83 million RMB, with a year-on-year increase of 25.27%[32]. - Sales revenue from automotive precision connectors and components was 123.58 million RMB, up 24.66% year-on-year, accounting for 61.23% of main business revenue[32]. - The automotive precision shielding covers and structural parts sales increased by 1.94% year-on-year, totaling 6.37 million RMB[33]. - The mobile phone precision connector sales grew by 32.15% year-on-year, reaching 12.14 million RMB[33]. Research and Development - The company has a professional R&D team of 185 people and holds 122 patents, including 14 invention patents[28]. - The company plans to enhance its R&D capabilities and innovate by developing new electronic module connectors in collaboration with major automotive manufacturers[35]. - Research and development expenses rose by 10.58% to RMB 11,123,328.56, attributed to increased salaries for R&D personnel and testing costs[42]. Financial Position - The total liabilities increased to ¥443,131,640.45 from ¥392,823,166.54, showing a rise of approximately 12.8%[117]. - Total equity increased to ¥710,382,830.37 from ¥703,053,533.22, reflecting a growth of approximately 1.1%[117]. - The company reported a significant increase in prepayments, which rose by 56.76% to RMB 33,765,312.76, mainly due to increased equipment prepayments[44]. Market Risks - The company faces market risks due to potential fluctuations in demand for mobile phones and automobiles, which could adversely affect operations[51]. - Intense competition in the precision electronic connector and shielding cover industry, with over a thousand domestic competitors, poses a significant risk to the company's market position[51]. - Fluctuations in raw material prices, particularly for precision electronic copper strips and plastic particles, could impact the company's profitability[55]. Shareholder Commitments - The company has committed to avoiding competition with its controlling shareholder and has established measures to ensure compliance with this commitment[62]. - The company will retain the right to withhold cash dividends equivalent to any unreturned proceeds from unauthorized share sales[70]. - The controlling shareholder and actual controller committed not to transfer or entrust the management of shares held before the IPO for 36 months after the stock is listed[66]. Cash Flow and Financing - The net cash flow from financing activities surged by 189.38% to RMB 28,114,335.14 from RMB 9,715,357.51, indicating a strong financing position[42]. - The company reported a net cash flow from financing activities increased to ¥33,743,828.09 from ¥11,289,218.80, representing a growth of approximately 199.5%[131]. Compliance and Governance - The company has renewed the appointment of Tianjian Accounting Firm as its auditor for the 2018 fiscal year[89]. - There are no significant related party transactions reported during the period[91]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[92]. Accounting Policies - The company adheres to the accounting standards for enterprises, ensuring that the financial statements reflect a true and complete view of its financial position and operating results[149]. - The company employs the actual interest method for subsequent measurement of financial liabilities, except for certain specified cases[164]. - The company recognizes impairment losses for available-for-sale debt instruments when there is objective evidence of impairment, such as significant financial difficulties of the debtor[170].

Financial Performance - The company's operating revenue for 2017 was CNY 374.13 million, an increase of 9.97% compared to 2016[20]. - The net profit attributable to shareholders for 2017 was CNY 49.36 million, a slight decrease of 0.37% from 2016[20]. - The net profit after deducting non-recurring gains and losses was CNY 45.81 million, down 9.43% year-on-year[20]. - The net cash flow from operating activities for 2017 was CNY 96.51 million, a decrease of 3.41% compared to 2016[20]. - The total assets at the end of 2017 were CNY 1,095.88 million, reflecting a growth of 5.03% from the previous year[20]. - The weighted average return on equity for 2017 was 7.21%, a decrease of 2.94 percentage points from 2016[20]. - The basic earnings per share for 2017 was CNY 0.41, down 22.64% from 2016[20]. - The company reported a net profit of CNY 17.44 million in Q3 2017, the highest quarterly profit for the year[24]. Dividend Policy - The company plans to distribute a cash dividend of RMB 1.25 per 10 shares, totaling RMB 15,043,750, which accounts for 30.48% of the net profit attributable to shareholders for 2017[5]. - The company must distribute at least 20% of the profit as cash dividends if it is profitable and meets the cash dividend conditions[111]. - The profit distribution plan requires approval from at least 66.67% of the voting rights at the shareholders' meeting[112]. - The cash dividend policy allows for a mid-term cash dividend proposal based on the company's profitability and funding needs, subject to annual shareholder approval[108]. - In 2017, the company distributed a cash dividend of 1.25 RMB per 10 shares, totaling approximately 49.36 million RMB, which represents 30.48% of the net profit attributable to ordinary shareholders[116]. Research and Development - The company invested 19.94 million yuan in R&D, a 7.02% increase from the previous year[40]. - The company has established 119 patents, including 14 invention patents, enhancing its competitive edge in the automotive electronics sector[31]. - A total of 99 new products were developed in 2017, with 116 products still under development by year-end[35]. - The company aims to enhance its R&D capabilities and expand production capacity for automotive precision connectors to international standards[77]. - The company plans to develop new automotive and mobile connector products, including technologies for new energy vehicles, to create new growth points[78]. Market Position and Strategy - The company operates in the precision electronic components sector, focusing on connectors and shielding covers for automotive and mobile applications[27]. - The sales model is direct sales, with a focus on customer collaboration in product development and manufacturing[28]. - The automotive product revenue reached 225.67 million yuan, representing a year-on-year growth of 13.66%[36]. - Revenue from the top five automotive customers was 160.40 million yuan, up 27.51% year-on-year, accounting for 71.08% of automotive product revenue[36]. - The company has formed stable partnerships with major clients such as Valeo Group and BYD, integrating products into platforms of international automotive brands[31]. Risk Management - The company has outlined potential risks in its future development in the report, which investors should consider[7]. - The company emphasizes the importance of risk awareness in its forward-looking statements[6]. - The company faces market risks due to potential fluctuations in demand for mobile and automotive products, which could adversely affect operations[84]. - The company is exposed to intensified market competition, particularly from foreign competitors with established market shares and core technologies[85]. - The company recognizes the risk of not meeting expected performance from new clients and products, which could negatively impact growth[86]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company’s financial report is confirmed to be true, accurate, and complete by its management[4]. - The company is committed to strict information disclosure and enhancing investor relations to improve transparency and communication[83]. - The company has committed to avoiding competition with its actual controller and major shareholders since its initial public offering[118]. - The company has a commitment to stabilize its stock price for three years following its listing[118]. Environmental and Social Responsibility - The company has upgraded its production projects to align with environmental protection standards, ensuring that selected projects meet specific technical and economic criteria[156]. - The company has established an environmental management system certified by ISO14001, promoting low-carbon and circular economies in its production processes[158]. - The company has actively engaged in community service activities, including disaster relief and support for vulnerable groups, demonstrating its commitment to social responsibility[157]. Employee Relations - The total number of employees in the parent company is 862, and the total number of employees in major subsidiaries is 195, resulting in a combined total of 1,057 employees[191]. - The company has established a salary system management method and performance assessment method to ensure employee benefits[192]. - The company emphasizes employee training through various programs, including new employee training plans and sending key personnel for learning and exchange[193]. - The company has implemented a series of measures to ensure employee well-being, including regular health checks and timely social security contributions, aimed at improving job satisfaction and mental health[155]. Shareholder Structure - The total number of ordinary shareholders at the end of the reporting period is 13,925, down from 14,161 at the end of the previous month[168]. - The top ten shareholders hold a total of 25,657,270 shares, representing 21.32% of the total shares, with 7,250,000 shares pledged[170]. - Zhu Xin'ai holds 13,683,877 shares, accounting for 11.37% of the total shares, with 3,000,000 shares pledged[170]. - The company has no new securities issuance during the reporting period[168]. - The report confirms that there are no actual controllers managing the company through trusts or other asset management methods[177].

2018 年第一季度报告 公司代码：603633 公司简称：徕木股份 上海徕木电子股份有限公司 2018 年第一季度报告 1 / 18 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 8 | 2018 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 3 / 18 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 1,105,230,348.24 1,095,876,699.76 0.85 归属于上市公司 股东的净资产 713,170,621.25 703,053,533.22 1.44 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 16,705,757.54 12,945,881.29 29.04 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 100,281,756.01 83,298,878.67 20.39 归属于上市公司 股东的净利润 ...

Financial Performance - Operating revenue for the first nine months rose by 9.76% to CNY 273,372,221.89 compared to the same period last year[6] - Net profit attributable to shareholders increased by 6.14% to CNY 40,450,808.01 year-on-year[6] - Total operating revenue for Q3 2017 reached ¥104,058,819.19, an increase of 15.5% compared to ¥89,909,053.74 in Q3 2016[25] - Net profit for Q3 2017 was ¥17,444,737.67, representing a 21.5% increase from ¥14,385,849.85 in Q3 2016[27] - Year-to-date net profit for 2017 reached ¥40,450,808.01, a rise of 6.1% compared to ¥38,109,851.41 for the same period in 2016[27] - The company reported a total operating revenue of ¥273,372,221.89 for the first nine months of 2017, compared to ¥249,062,543.59 for the same period in 2016, marking a growth of 9.8%[25] Cash Flow - Net cash flow from operating activities decreased by 29.36% to CNY 50,979,110.07 compared to the same period last year[6] - The net cash flow from operating activities for the first nine months of 2017 was approximately ¥50.98 million, down 29.2% from ¥72.17 million in the previous year[31] - The net cash flow from investing activities was -¥100,608,988.88, a significant increase from -¥71,055,867.07, primarily due to increased fixed asset investments[16] - Cash and cash equivalents at the end of Q3 2017 totaled approximately ¥149.50 million, a decrease from ¥188.26 million at the beginning of the period[32] - The company incurred operating costs of approximately ¥74.16 million in Q3 2017, representing an increase of 22.0% from ¥60.81 million in Q3 2016[28] Assets and Liabilities - Total assets increased by 4.37% to CNY 1,088,944,021.81 compared to the end of the previous year[6] - Total liabilities increased to ¥394,800,177.94 from ¥374,613,908.99, marking a rise of 5.12%[20] - The company's total equity rose to ¥694,143,843.87 from ¥668,736,785.86, an increase of 3.81%[20] - The company reported a significant increase in short-term borrowings to ¥232,245,000.00 from ¥186,420,000.00, reflecting a growth of 24.49%[19] - Total current assets increased slightly to ¥629,686,529.15 from ¥619,824,851.57 at the beginning of the year[18] Shareholder Information - The number of shareholders reached 16,147, with the top ten shareholders holding a combined 70.85% of shares[11] Government Subsidies - Government subsidies recognized in the first nine months amounted to CNY 4,311,230.23, significantly increasing operating income[9] - The company reported a 169.89% increase in non-operating income, totaling CNY 4,327,936.54 due to increased government subsidies[15] Earnings and Expenses - The company’s basic earnings per share decreased by 19.05% to CNY 0.34 compared to the same period last year[6] - Operating profit for the first nine months of 2017 was ¥42,438,382.66, slightly down from ¥44,921,614.52 in the previous year[26] - Financial expenses for the first nine months of 2017 were approximately ¥9.97 million, slightly up from ¥9.68 million in the previous year[28] - Selling expenses for the first nine months of 2017 were approximately ¥10.08 million, an increase of 18.7% compared to ¥8.49 million in the same period last year[28]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 169,313,402.70, representing a 6.38% increase compared to CNY 159,153,489.85 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 23,006,070.34, a decrease of 3.03% from CNY 23,724,001.56 in the previous year[16]. - The basic earnings per share decreased by 26.92% to CNY 0.19 from CNY 0.26 in the previous year[17]. - The company achieved a revenue of RMB 169.31 million in the reporting period, representing a year-on-year growth of 6.38%[31]. - The main business revenue was RMB 161.12 million, with a year-on-year increase of 6.24%, where automotive precision connectors and components accounted for RMB 99.13 million, a growth of 19.71%[31]. - The company reported a net profit attributable to the parent company of RMB 23.01 million, a decrease of 3.03% year-on-year[31]. - Operating profit decreased to ¥23,685,111.67, down 16.06% from ¥28,129,076.57 in the previous period[113]. - Net profit for the current period was ¥23,006,070.34, a decrease of 3.02% compared to ¥23,724,001.56 in the previous period[114]. Cash Flow and Investments - The net cash flow from operating activities decreased by 32.37% to CNY 40,766,591.85 from CNY 60,282,123.98 in the same period last year[16]. - The company reported a net cash decrease of CNY 23,466,329.01 during the period, contrasting with an increase of CNY 4,200,385.08 in the previous period[124]. - Cash outflow from investing activities was CNY 57,826,848.70, compared to CNY 40,328,014.21 in the prior period[123]. - Cash paid for dividends and interest amounted to CNY 15,098,881.25, compared to CNY 5,806,152.96 in the previous period[124]. - The company received CNY 128,650,000.00 in borrowings, up from CNY 106,270,000.00 in the prior period[124]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,060,799,603.61, an increase of 1.67% compared to CNY 1,043,350,694.85 at the end of the previous year[16]. - Current liabilities totaled CNY 339,099,401.00, compared to CNY 329,655,427.10, reflecting an increase of about 2.6%[106]. - Total liabilities amounted to CNY 384,100,497.41, up from CNY 374,613,908.99, marking an increase of approximately 2.5%[106]. - Cash and cash equivalents decreased to CNY 176,392,911.14 from CNY 206,831,979.55, a decline of approximately 14.7%[109]. - Accounts receivable increased to CNY 194,498,803.48 from CNY 174,777,599.43, reflecting a growth of about 11.3%[109]. Research and Development - The company holds 113 patents, including 14 invention patents, reflecting its strong R&D capabilities[23]. - Research and development expenses increased by 19.57% to RMB 10,059,242.91, up from RMB 8,413,008.43, driven by higher personnel costs and testing expenses[43]. - The company has shifted its R&D focus in the automotive electronics sector to develop new electronic module connectors in collaboration with major automotive manufacturers[34]. Market and Industry Outlook - The global connector market size was approximately USD 55.9 billion in 2016, with the automotive connector market at about USD 16 billion[22]. - The automotive connector market in China is projected to grow at an annual rate of 7%, reaching approximately RMB 29 billion by 2020[22]. - The company faces market risks due to its reliance on the mobile phone and automotive markets, which are subject to fluctuations in demand and macroeconomic conditions[53]. Shareholder and Corporate Governance - The company did not conduct any profit distribution or capital reserve transfer to increase share capital during the reporting period[2]. - The controlling shareholder has committed to avoid any direct or indirect competition with the company from the date of the initial public offering until no longer a controlling shareholder[66]. - Shareholders including Zhu Xinai, Liu Jing, and Zhu Xiaohai committed not to transfer or manage their shares for 12 months post-listing, with a maximum annual transfer limit of 25% of their holdings[73]. Risk Factors - The company has outlined potential risks in its future development in the report, urging investors to be aware of investment risks[3]. - The company is exposed to raw material price fluctuations, particularly for precision electronic copper strips and plastic particles, which significantly impact overall production costs[57]. - The company is at risk of inventory write-downs if market demand changes, which could adversely affect financial performance[61]. Compliance and Reporting - The company has maintained a good credit status, with no unfulfilled court judgments or significant overdue debts[84]. - The company has not reported any changes in its share capital structure during the reporting period[93]. - The company has not disclosed any new major contracts or significant events during the reporting period[92].