股票代码：603766 股票简称：隆鑫通用 编码：2019-056 隆鑫通用动力股份有限公司 关于参加"重庆辖区上市公司 2019 年投资者网上集体 接待日活动"的公告 | --- | --- | |--------|------------------------------------------------------------------| | | | | | 本公司董事会及全体董事保证本公告不存在任何虚假记载、误导性陈 | | | 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带 | | 责任。 | | 为提高上市公司规范运作水平，推动重庆辖区上市公司进一步做好投资者关 系管理工作，重庆上市公司协会联合上证所信息网络有限公司、深圳市全景网络 有限公司举办"重庆辖区上市公司 2019 年投资者网上集体接待日活动"。活动将 于 2019 年 11 月 6 日(星期三)下午 15:00-17:00 举行，平台登陆地址为： http://roadshow.sseinfo.com。 届时，公司相关高级管理人员将参加本次活动，通过网络在线交流形式，就 公司治理、发展战略、经营状况、可持续发展等 ...

Financial Performance - Operating revenue for the first nine months was ¥7,536,798,395.69, down 5.56% from ¥7,980,726,079.77 in the same period last year[17]. - Net profit attributable to shareholders of the listed company was ¥614,712,395.31, a slight increase of 0.80% compared to ¥609,803,477.89 in the previous year[17]. - Basic earnings per share for the period was ¥0.2993, up 0.77% from ¥0.2970[17]. - The weighted average return on equity was 9.17%, a decrease of 0.05 percentage points from 9.22%[17]. - The company reported a total of ¥8,814,576.02 in non-recurring gains and losses for the third quarter[20]. - The company achieved operating revenue of RMB 7.54 billion, a year-on-year decrease of 5.56%[34]. - The net profit attributable to the parent company was RMB 615 million, a year-on-year increase of 0.80%[34]. - The net profit after deducting non-recurring gains and losses attributable to the parent company was RMB 590 million, a year-on-year increase of 6.55%[34]. - The comprehensive gross profit margin was 19.00%, an increase of 0.50 percentage points year-on-year[34]. - The motorcycle business achieved revenue of 3.288 billion RMB, a year-on-year increase of 10.90%, with a gross profit margin of 19.47%, up by 0.88 percentage points[35]. - The company’s UAV business did not achieve sales but made significant advancements in product development and testing, including improvements to the XV-2 and XV-3 models[41]. - The net profit for the first three quarters of 2019 was CNY 213,276,928.96, an increase from CNY 945,544,545.41 in the same period of 2018[84]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥12,857,485,673.18, an increase of 7.30% compared to the end of the previous year[17]. - Net assets attributable to shareholders of the listed company amounted to ¥7,010,394,996.98, reflecting a growth of 9.57% year-on-year[17]. - The total number of shareholders at the end of the reporting period was 46,768, with the largest shareholder holding 50.92% of the shares[24]. - The company’s total assets showed a significant change in the classification of financial assets due to the implementation of new financial standards[29]. - Total liabilities as of September 30, 2019, were CNY 5,135,816,679.01, an increase of 4.2% from CNY 4,926,935,366.63 at the end of 2018[60]. - The company's total assets reached CNY 12,857,485,673.18, up from CNY 11,982,623,219.48, indicating a growth of 7.3%[60]. - The total equity attributable to shareholders increased to CNY 7,010,394,996.98 from CNY 6,398,010,158.59, marking a growth of 9.6%[60]. - The company reported a short-term loan of CNY 934,008,247.77, which is a significant increase from CNY 506,795,722.26 in the previous year, representing an increase of 83.9%[60]. - Total liabilities increased to ¥3,931,189,071.97 from ¥2,854,107,352.04, reflecting a growth of approximately 37.73%[67]. - The total current liabilities reached ¥4,591,750,160.01, indicating stable management of short-term obligations[101]. Cash Flow - Net cash flow from operating activities for the first nine months decreased by 48.01% to ¥300,054,837.07 from ¥577,116,802.92[17]. - The company experienced a 424.32% decrease in net cash flow from investing activities, primarily due to increased purchases of government bonds and payments for equity transfers related to acquisitions[33]. - The company’s financial expenses decreased by 93.60%, mainly due to reduced foreign exchange losses from RMB to USD fluctuations[31]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 300,054,837.07, down from CNY 577,116,802.92 in the previous year[90]. - The total cash inflow from investment activities was CNY 13,498,172,823.01, compared to CNY 11,949,368,425.14 in the same period of 2018[92]. - The cash flow from financing activities generated a net inflow of CNY 648,973,523.97, contrasting with a net outflow of CNY -699,933,448.40 in the previous year[92]. - The net cash flow from operating activities decreased to ¥625,890,725.05 from ¥1,133,682,149.30, representing a decline of approximately 44.7% year-over-year[95]. - Cash inflow from investment activities increased significantly to ¥12,018,412,120.84 compared to ¥6,468,203,137.12, marking an increase of about 85.5%[95]. - The net cash flow from investment activities turned negative at -¥908,119,358.33, a decrease from a positive ¥998,234,558.04 in the previous year[95]. - The cash paid for purchasing goods and services was CNY 5,622,941,375.69, down from CNY 6,307,085,487.15 in the same period of 2018[90]. Shareholder Information - The total number of shareholders at the end of the reporting period was 46,768, with the largest shareholder holding 50.92% of the shares[24]. - The company has maintained its capital structure with a paid-in capital of CNY 2,053,541,850.00, unchanged from the previous year[60]. - The company’s total comprehensive income included other comprehensive income of approximately ¥164.79 million[103].

Financial Performance - The company reported a non-distribution of profits for 2018, opting not to issue cash dividends or bonus shares[7]. - The company’s operating revenue for 2018 was CNY 11,203,793,392.01, representing a year-on-year increase of 5.98% compared to CNY 10,572,102,650.03 in 2017[29]. - The net profit attributable to shareholders for 2018 was CNY 919,284,265.12, a decrease of 4.69% from CNY 964,550,908.31 in 2017[29]. - The basic earnings per share for 2018 was CNY 0.44, down 4.35% from CNY 0.46 in 2017[30]. - The weighted average return on equity decreased by 1.71 percentage points to 14.18% in 2018 from 15.89% in 2017[30]. - The total assets at the end of 2018 were CNY 11,982,623,219.48, reflecting a year-on-year increase of 5.29% from CNY 11,380,100,043.17 in 2017[29]. - The net assets attributable to shareholders decreased by 3.43% to CNY 6,398,010,158.59 at the end of 2018 from CNY 6,625,258,067.28 at the end of 2017[29]. - The company reported a net profit of CNY 309,480,787.23 in Q4 2018, which was the highest quarterly profit for the year[32]. - The company received government subsidies amounting to CNY 116,041,812.53 in 2018, which were closely related to its normal business operations[34]. - The company’s cash flow from operating activities was 1.39 billion RMB, an increase of 18.62% year-on-year[85]. - The company reported a net profit attributable to the parent company of 919 million RMB, a decrease of 4.69% compared to the previous year[81]. Dividend Distribution - The company implemented a cash dividend distribution totaling RMB 443,747,787.76 for the year 2018, representing 48.27% of the net profit attributable to shareholders[7]. Audit and Compliance - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[6]. - The company has a commitment to ensuring the accuracy and completeness of its financial reports, as stated by its management[4]. Revenue Breakdown - Engine business accounted for 23.19% of total revenue, a decrease of 0.34 percentage points year-on-year[41]. - Motorcycle business contributed 36.12% to total revenue, down 3.24 percentage points year-on-year[41]. - Generator set business represented 23.28% of total revenue, an increase of 5.08 percentage points year-on-year[41]. - Four-wheeled low-speed electric vehicle business made up 9.18% of total revenue, decreasing by 3.10 percentage points year-on-year[41]. - Export revenue constituted 56.40% of total revenue during the reporting period[41]. Market Position and Sales - The company ranked second in engine sales volume within the industry in 2018[45]. - The company achieved the first position in motorcycle export revenue in 2018, while maintaining the second position in total motorcycle production and sales volume[158]. - The company’s small household generator export revenue remains the highest in the industry, although U.S.-China trade tensions may impact exports[161]. Research and Development - The company’s R&D expenses increased by 14.26% to 243 million RMB, reflecting a focus on innovation and product development[82]. - The company is currently developing a high-speed, lightweight water-cooled engine for entry-level street motorcycles[101]. - The company is focusing on the development of industrial-grade drones, with new products achieving long-duration hovering and autonomous flight capabilities[61]. - The company has developed a new generation of variable frequency generator technology, achieving industry-leading performance and reliability[58]. Investment and Capital Expenditures - The company plans to invest ¥100,475.50 million in capital expenditures for 2018, with actual spending of ¥71,475.95 million[128]. - The company’s investment activities generated a cash outflow of 138.6 million RMB, a significant improvement from a cash outflow of 871.7 million RMB in the previous year, indicating better investment management[85]. Challenges and Risks - The company faces risks from macroeconomic changes, including potential declines in exports to the U.S. due to trade tensions and domestic GDP growth adjustments[194]. - The company has over 50% of its business in exports, making it vulnerable to RMB/USD exchange rate fluctuations, which it is mitigating through various financial strategies[195]. - The company emphasized the importance of objective conditions for the realization of future plans and strategies, warning investors of potential risks[8]. Subsidiaries and Business Structure - The company has a total of 24 subsidiaries, indicating a diversified business structure and potential for market expansion[132]. - The company established a wholly-owned subsidiary, Nanjing Longxin, with an investment of ¥30 million, completed registration on July 26, 2018[123]. Product Development and Innovation - The company is actively participating in electric and lightweight automotive component projects to optimize product structure in response to industry trends[192]. - The company is enhancing the reliability and efficiency of its XV-2 drone product while promoting the XV-3 and XV-5 models to establish a strong market presence[188].

Financial Performance - The company reported a total revenue of RMB 2.29 billion for Q1 2019, a decrease of 4.45% year-on-year[12]. - Net profit attributable to shareholders was RMB 201.91 million, down 4.17% compared to the same period last year[12]. - The company reported a net cash flow from operating activities of RMB 135,775,136.14, an increase of 57.70% compared to RMB 86,097,158.81 in the same period last year[30]. - The company recorded a substantial increase in other income, reaching RMB 16,856,392.63, which is a 185.75% increase compared to RMB 5,899,096.55 from the previous year[29]. - The company reported a net cash outflow from investing activities of RMB 294,105,696.72, a significant decrease compared to a cash inflow of RMB 27,677,986.93 in the previous year[30]. - The total operating revenue for Q1 2019 was 2,293,656,918.90, a decrease of 4.4% compared to 2,400,570,072.72 in Q1 2018[50]. - The net profit for Q1 2019 was 203,842,711.02, a decline of 9.5% from 225,170,361.50 in Q1 2018[53]. - The company's operating profit for Q1 2019 was 242,939,944.77, compared to 261,958,469.40 in Q1 2018, indicating a decrease of about 7.3%[53]. Revenue Breakdown - The engine business generated revenue of RMB 663 million, a growth of 4.12%, with road engines sales increasing by 11.17% to RMB 330 million[12]. - Motorcycle business revenue was RMB 899 million, up 1.91%, with exports contributing RMB 703 million, a 9.57% increase[15]. - The generator set business reported revenue of RMB 422 million, a decline of 5.6%, while large commercial generator sets saw a 17.65% increase in revenue[15]. - The company’s four-wheeled low-speed electric vehicle sales dropped by 50.09%, resulting in revenue of RMB 111 million, a decrease of 53.80%[16]. - The automotive parts business achieved revenue of RMB 164 million, reflecting a growth of 5.97%[15]. Asset Management - Total assets at the end of the reporting period were RMB 12.26 billion, an increase of 2.35% from the end of the previous year[8]. - The total assets of the company at the end of the reporting period amounted to 12,236,167.07 RMB, with a decrease of 100% in trading financial assets due to the purchase of money market funds[24]. - Accounts receivable decreased by 92,064,199.51 RMB, representing a 4.14% decline compared to the previous period[24]. - Prepayments increased by 26,729,285.72 RMB, showing a significant rise of 41.28% due to increased advance payments for goods[24]. - Other current assets surged by 624,810,867.08 RMB, reflecting a 446.62% increase attributed to the adjustment of government bond reverse repos under new financial regulations[24]. - Long-term deferred expenses rose by 7,815,795.37 RMB, marking a 96.23% increase primarily due to renovations of newly rented factory premises[24]. - The company’s financial performance indicates a strategic shift in asset management and investment focus[24]. Liabilities and Equity - Total liabilities amounted to CNY 5,029,827,718.22, compared to CNY 4,926,935,366.63, indicating a growth of approximately 2.09%[41]. - The company's equity attributable to shareholders increased to CNY 6,590,667,379.87 from CNY 6,398,010,158.59, reflecting a rise of about 3.01%[41]. - Current liabilities rose to CNY 4,676,270,505.40 compared to CNY 4,591,750,160.01, reflecting an increase of approximately 1.84%[41]. - The total liabilities increased to 3,613,838,406.18 in the latest report, compared to 2,854,107,352.04 previously, reflecting a growth of about 26.6%[48]. - The total equity increased to 3,962,685,064.48 from 3,896,357,074.23, indicating a growth of approximately 1.7%[48]. Cash Flow Analysis - The total cash inflow from investment activities was 3,580,991,789.93 RMB, up from 2,195,368,723.51 RMB, indicating a significant increase of 63% year-over-year[67]. - The net cash flow from investment activities was -311,219,763.34 RMB, compared to -39,337,351.54 RMB in the previous year, reflecting a worsening investment cash flow situation[67]. - The cash inflow from financing activities totaled 555,986,248.87 RMB, compared to 238,943,902.95 RMB, marking an increase of 133% year-over-year[67]. - The net cash flow from financing activities was 319,953,361.01 RMB, a significant improvement from -16,464,589.72 RMB in the same quarter last year[67]. - The total cash and cash equivalents at the end of the period amounted to 537,922,458.60 RMB, an increase from 357,318,444.02 RMB year-over-year[69]. Regulatory Changes - The company is actively adapting to new financial regulations, which has led to significant changes in its asset structure[24]. - The company executed a new financial instrument standard starting January 1, 2019, impacting the financial statement format[74].

Financial Performance - The company's operating revenue for 2018 was approximately ¥11.20 billion, an increase of 5.98% compared to ¥10.57 billion in 2017[26]. - The net profit attributable to shareholders for 2018 was approximately ¥919.28 million, a decrease of 4.69% from ¥964.55 million in 2017[26]. - The net cash flow from operating activities increased by 18.62% to approximately ¥1.39 billion in 2018, compared to ¥1.17 billion in 2017[26]. - The basic earnings per share for 2018 was ¥0.44, down 4.35% from ¥0.46 in 2017[27]. - The weighted average return on equity decreased by 1.71 percentage points to 14.18% in 2018 from 15.89% in 2017[27]. - The total assets at the end of 2018 were approximately ¥11.98 billion, an increase of 5.29% from ¥11.38 billion at the end of 2017[26]. - The net assets attributable to shareholders decreased by 3.43% to approximately ¥6.40 billion at the end of 2018, compared to ¥6.63 billion at the end of 2017[26]. - The company reported a net profit of approximately ¥309.48 million in Q4 2018, which was the highest quarterly profit for the year[29]. - The company received government subsidies amounting to approximately ¥116.04 million in 2018, which were closely related to its normal business operations[31]. - The fair value changes of investment properties positively impacted the profit by approximately ¥106.73 million in 2018[34]. Revenue Breakdown - The engine business accounted for 23.19% of total revenue, a decrease of 0.34 percentage points year-on-year[38]. - The motorcycle business represented 36.12% of total revenue, down 3.24 percentage points year-on-year[38]. - The generator set business contributed 23.28% to total revenue, an increase of 5.08 percentage points year-on-year[38]. - The four-wheeled low-speed electric vehicle business made up 9.18% of total revenue, decreasing by 3.10 percentage points year-on-year[38]. - The automotive parts business accounted for 7.26% of total revenue, an increase of 1.64 percentage points year-on-year[38]. - Export revenue constituted 56.40% of total revenue during the reporting period[38]. Market Position and Sales - The company ranked second in the industry for engine sales volume in 2018[42]. - The motorcycle business saw a total sales volume of 1,557.05 million units, a year-on-year decline of 9.13%[42]. - The generator set exports reached 742,000 units, a year-on-year increase of 13.7%[43]. - The large commercial generator set market's total export revenue was $2.365 billion, a year-on-year increase of 30.49%[43]. - The company ranked 2nd in the national sales of four-wheeled low-speed electric vehicles in 2018[46]. - The company achieved the industry's leading position in small household generator exports in 2018, while ranking 4th among domestic generator manufacturers[46]. Research and Development - The company has developed a new generation of variable frequency generator technology, achieving industry-leading performance and reliability[55]. - The CMD22 aviation engine product has completed EASA certification, marking a significant milestone in the company's aviation engine development[59]. - The company has established a leading general power testing center with over 100 testing capabilities, recognized by the China National Accreditation Service for Conformity Assessment (CNAS)[51]. - The company has successfully launched a high-end large-displacement motorcycle brand "Wuji," showcasing its competitive advantage in design and manufacturing[54]. - The company has implemented range-extending hybrid technology in low-speed electric vehicles, enhancing product range and reducing charging frequency[57]. - The company has developed the XV-3 and XV-5 industrial drones, which demonstrate advanced capabilities in autonomous flight and agricultural applications[58]. Strategic Plans and Investments - The company plans to focus on the aviation equipment manufacturing industry, particularly through acquisitions and resource integration, as part of its strategic plan for 2018-2022[120]. - The company invested ¥71,475.95 million in capital expenditures in 2018, with significant spending on engine and motorcycle projects[126]. - The company established a wholly-owned subsidiary, Nanjing Longxin, with an investment of ¥30 million to enhance its operational capabilities[121]. - The company completed the acquisition of a 66% stake in Jinye Machinery through a capital increase and share transfer, with a total investment of ¥6,500 million for the capital increase and ¥36,400 million for the share transfer[125]. Risks and Challenges - The company faces risks from macroeconomic changes, with GDP growth adjusted to 6%-6.5%, potentially impacting product sales and market expansion[193]. - Over 50% of the company's export business is sensitive to RMB/USD exchange rate fluctuations, prompting measures to mitigate risks associated with currency volatility[194]. - Rising prices of raw materials pose a cost risk to the company, potentially affecting profitability[197]. - The company is advancing in aviation equipment manufacturing but faces risks related to the expected expansion of drone applications and the certification of general aviation engines[198]. Corporate Governance and Compliance - The company received a standard unqualified audit report from Xinyong Zhonghe Accounting Firm[6]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[9]. - The company has detailed potential risks in its report, which investors should review carefully[9]. - The company’s registered address is located at No. 99 Hualong Avenue, Jiulongpo District, Chongqing[20]. - The company’s stock is listed on the Shanghai Stock Exchange under the code 603766[22]. - The company’s financial report is available at the board office for review[21]. - The company’s future plans and strategies are subject to objective conditions and do not constitute a commitment to investors[8]. - The company’s legal representative is Gao Yong[18].

Financial Performance - Operating revenue for the first nine months increased by 9.81% to CNY 7,980,726,079.77 compared to CNY 7,267,508,357.39 in the same period last year[6]. - Net profit attributable to shareholders decreased by 11.71% to CNY 609,803,477.89 from CNY 690,651,673.73 year-on-year[6]. - Basic and diluted earnings per share decreased by 9.12% to CNY 0.2970[7]. - The company achieved operating revenue of CNY 7.98 billion, a year-on-year increase of 9.81%, driven primarily by export sales[16]. - The net profit attributable to the parent company was CNY 610 million, a decrease of 11.71% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 554 million, down 7.31%[20]. - The company reported a gross profit margin of 18.50%, a decrease of 1.54 percentage points year-on-year, but an increase of 0.59 percentage points compared to the first half of the year[20]. - Net profit for Q3 2018 reached ¥213.62 million, up from ¥206.85 million in the same period last year, representing a growth of 0.8%[45]. - The company reported a total profit of approximately ¥257.62 million for Q3 2018, compared to ¥244.38 million in Q3 2017, reflecting a year-over-year increase of 5.0%[45]. - The total comprehensive income for Q3 2018 was approximately ¥227.56 million, up from ¥209.28 million in Q3 2017, marking an increase of 8.7%[45]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,363,427,086.69, a decrease of 0.15% compared to the end of the previous year[6]. - Net assets attributable to shareholders decreased by 6.87% to CNY 6,170,187,217.72 from CNY 6,625,258,067.28[6]. - Current liabilities increased to ¥4,217,853,793.14 from ¥3,839,388,618.17, reflecting a rise of 9.8%[37]. - Total liabilities reached ¥4,550,134,101.98, compared to ¥4,152,637,529.94 at the start of the year, marking an increase of 9.6%[37]. - The company's equity attributable to shareholders decreased to ¥6,170,187,217.72 from ¥6,625,258,067.28, a decline of 6.9%[37]. Cash Flow - Net cash flow from operating activities increased by 20.05% to CNY 577,116,802.92 compared to CNY 480,733,890.87 in the same period last year[6]. - The company’s cash flow from operating activities was CNY 577 million, an increase of 20.05% compared to the same period last year, mainly due to higher export tax rebates[19]. - The company’s cash flow from investing activities improved significantly, with a net inflow of CNY 287 million, compared to a net outflow of CNY 561 million in the previous year[19]. - Cash inflow from financing activities was ¥644,543,902.95, up from ¥187,987,769.68 in the previous year[55]. - Net cash flow from financing activities was negative at ¥-726,889,505.61, worsening from ¥-436,491,166.42 year-on-year[55]. Shareholder Information - The total number of shareholders at the end of the reporting period was 49,374[10]. - The largest shareholder, Longxin Holdings Co., Ltd., held 50.92% of the shares, with 1,023,664,083 shares pledged[11]. - The company repurchased 59,535,500 shares, accounting for 2.82% of total share capital, with a total expenditure of approximately 300 million RMB[29]. Business Segments - The engine business generated revenue of CNY 1.86 billion, a slight decline of 0.15% year-on-year, with sales of road engines dropping by 9.97% to CNY 907 million[21]. - The motorcycle business reported revenue of CNY 2.97 billion, a decrease of 3.25% year-on-year, while export sales increased by 4.04% to CNY 2.20 billion[22]. - The generator business achieved revenue of 1.839 billion RMB, a year-on-year increase of 53.29%, with a gross margin of 21.1%[23]. - The small household generator segment generated revenue of 1.059 billion RMB, up 90.73%, with exports to the US reaching 870 million RMB, a growth of 135.77%[23]. - The four-wheeled low-speed electric vehicle segment sold 30,400 units, a decline of 14.14%, with revenue of 661 million RMB, down 5.14%[24]. - The lightweight automotive parts business reported revenue of 592 million RMB, a year-on-year increase of 50.11%[25]. Research and Development - Research and development expenses for Q3 2018 were ¥76.94 million, a decrease of 11.5% from ¥87.30 million in Q3 2017[44]. - Research and development expenses for the year-to-date amounted to ¥37,522,783.39, compared to ¥31,657,267.40 for the same period last year, reflecting a 18.4% increase[47]. - The CMD22 aviation gasoline engine received certification from EASA, marking a significant milestone for the aviation engine business[28]. Market Expansion - The company plans to expand its market presence with the launch of the new high-end motorcycle brand "VOGE" at the China International Motorcycle Expo[22]. Unmanned Helicopters - The company produced 34 unmanned helicopters during the reporting period, delivering 28 units of the XV-2 model for agricultural use[26]. - The cumulative service area for the XV-2 unmanned helicopter reached 51,450 acres, primarily in Xinjiang, Heilongjiang, and Inner Mongolia[27]. - The XV-5 unmanned helicopter achieved a hover flight test of 4 hours and 50 minutes, setting a record among similar models[27].

Financial Performance - The company's operating revenue for the first half of 2018 was RMB 5,133,178,382.61, representing an increase of 8.27% compared to RMB 4,741,022,507.13 in the same period last year[20]. - The net profit attributable to shareholders of the listed company decreased by 16.71% to RMB 417,387,056.87 from RMB 501,149,466.75 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was RMB 380,098,524.90, down 10.26% from RMB 423,557,994.28 in the same period last year[20]. - The basic earnings per share for the first half of 2018 was RMB 0.1975, a decrease of 16.73% compared to RMB 0.2372 in the previous year[21]. - The weighted average return on net assets decreased by 1.78 percentage points to 6.22% from 8.00% in the same period last year[21]. - The net cash flow from operating activities was RMB 282,798,413.85, an increase of 4.14% compared to RMB 271,548,007.24 in the previous year[20]. - The total assets at the end of the reporting period were RMB 11,123,494,330.18, a decrease of 2.25% from RMB 11,380,100,043.17 at the end of the previous year[20]. - The net assets attributable to shareholders of the listed company decreased by 4.28% to RMB 6,341,421,971.71 from RMB 6,625,258,067.28 at the end of the previous year[20]. Revenue Breakdown - The company achieved a revenue of 5.133 billion yuan, representing a year-on-year growth of 8.27%, with export revenue accounting for 2.818 billion yuan, or 54.90% of total revenue, up 15.16% year-on-year[34]. - The engine business generated revenue of 1.277 billion yuan, down 3.06% year-on-year, with sales of road engines declining by 15.67% to 605 million yuan[35]. - The motorcycle business reported revenue of 1.877 billion yuan, a decrease of 6.92% year-on-year, with domestic sales revenue dropping by 23.13%[37]. - The generator set business achieved revenue of 1.065 billion yuan, a year-on-year increase of 39.98%, with small household generator sets revenue growing by 75.63%[38]. - The company exported small household generator sets worth 507 million yuan to the U.S., marking a year-on-year increase of 128.03%[38]. - The company’s non-road engine business saw revenue increase by 10.34% to 662 million yuan, with exports to the U.S. reaching 297 million yuan, up 10%[35]. - The company’s large commercial generator set business generated revenue of 415 million yuan, a year-on-year increase of 11.00%, with significant growth in export revenue[39]. - The company’s new product, a hybrid engine for four-wheel low-speed electric vehicles, saw sales increase by 152.30% to 6,676 units[35]. - The four-wheeled low-speed electric vehicle business achieved sales of 21,600 units, a year-on-year increase of 6.15%, with revenue of 480 million yuan, up 17.80%[40]. - The hybrid system four-wheeled low-speed electric vehicles sold 8,291 units, marking a significant year-on-year growth of 158.37%[40]. - The lightweight automotive parts business generated revenue of 384 million yuan, representing an 80.58% increase year-on-year[45]. - CMD automotive parts revenue was 99 million yuan, a decline of 9.45% year-on-year, while Chongqing Liteway and Nanjing Longni companies saw revenue of 268 million yuan, up 201.92%[45]. Research and Development - Research and development expenses increased by 11.75% to 158.6 million yuan, indicating a focus on innovation[47]. - The company added 192 new patents during the reporting period, bringing the total to 1,745 valid patents as of June 30, 2018[32]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of RMB 0.70 per 10 shares, totaling approximately RMB 147,681,614.50, which accounts for 35.38% of the net profit attributable to shareholders for the first half of 2018[6]. - The total number of ordinary shareholders reached 51,162 by the end of the reporting period[136]. - The company’s total share capital is 2,113,077,350 shares, with 2,077,678,975 shares being unrestricted[131]. - The company’s largest shareholder, Longxin Holdings, holds 49.48% of the shares, amounting to 1,045,591,564 shares[139]. Risks and Challenges - The company faces macroeconomic risks due to the impact of the US-China trade war, which includes tariffs on non-road engines and small household generators[78]. - Currency fluctuation risks are present as the depreciation of the RMB against the USD may lead to foreign exchange losses despite potential gains[79]. - Market risks include a decline in motorcycle production and sales, as well as uncertainties in the national technical standards for low-speed electric vehicles[79]. - The top five customers accounted for 23.31% of the company's revenue in the first half of 2018, indicating a risk of dependency on major clients[80]. - Rising prices of raw materials pose a risk of increased costs for the company[81]. - The company faces risks in expanding its unmanned helicopter products into other application areas and in scaling its agricultural aviation business[82]. Corporate Governance and Compliance - The company has no major litigation or arbitration matters during the reporting period[96]. - There were no significant changes in the company's accounting firm during the audit period[96]. - The company has not disclosed any major related party transactions during the reporting period[102]. - The company has not experienced any bankruptcy reorganization matters during the reporting period[96]. - The company has not issued any non-standard audit reports for the previous year's financial statements[96]. - The company has implemented administrative regulatory measures against a former director for violations of stock management rules[96]. - The company has committed to maintaining transparency and accuracy in its financial reporting, as outlined in its compliance documents[92]. Environmental and Social Responsibility - The company invested CNY 99.36 million in poverty alleviation projects, focusing on supporting enterprises in the western region[109]. - The company has implemented a cash procurement strategy to support the development of western enterprises[110]. - The company plans to continue implementing targeted poverty alleviation measures based on its development situation[111]. - The company has established effective pollution control facilities that are in good working condition and operate effectively[120]. - The company adheres to environmental protection laws and regulations, strictly controlling various pollutants generated[121]. - The company has completed the environmental protection facilities for new construction and renovation projects, including plastic coating waste gas treatment and water-based paint transformation projects[122]. Future Outlook - The company provided a positive outlook for the second half of 2018, projecting a revenue growth of 10% to 12%[93]. - New product launches are expected to contribute an additional 300 million RMB in revenue by the end of 2018[94]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2020[92]. - The company is exploring potential acquisitions to enhance its product portfolio and market reach, with a budget of 500 million RMB allocated for this purpose[94]. - A new strategic partnership was announced, expected to generate an additional 200 million RMB in revenue over the next two years[91]. - The company aims to improve operational efficiency, targeting a 5% reduction in costs by the end of 2018[93]. Financial Position - The total assets as of June 30, 2018, amounted to RMB 11,123,494,330.18, a decrease from RMB 11,380,100,043.17 at the beginning of the period[148]. - The company's current assets totaled RMB 5,040,600,348.23, down from RMB 5,125,899,174.01 at the beginning of the period[148]. - The total liabilities were RMB 4,164,626,427.65, slightly up from RMB 4,152,637,529.94 at the beginning of the period[149]. - The owner's equity decreased to RMB 6,958,867,902.53 from RMB 7,227,462,513.23[150]. - Cash and cash equivalents were RMB 1,566,062,428.70, down from RMB 1,724,071,265.98[148]. - Accounts receivable increased to RMB 1,959,473,599.22 from RMB 1,733,559,820.67[148]. - Inventory rose to RMB 745,492,627.41 from RMB 629,100,321.18[148]. - Short-term borrowings increased significantly to RMB 150,014,350.69 from RMB 53,958,690.15[149]. - The company reported a decrease in retained earnings to RMB 3,386,966,326.11 from RMB 3,666,894,794.74[150].

Financial Performance - The company plans to distribute a cash dividend of 3.3 RMB per 10 shares, totaling approximately 697.32 million RMB for the year 2017[5]. - Basic earnings per share for 2017 increased to 0.46 RMB, a 9.52% increase compared to 0.42 RMB in 2016[20]. - The weighted average return on equity for 2017 was 15.89%, an increase of 0.42 percentage points from 15.47% in 2016[20]. - The company reported a diluted earnings per share of 0.46 RMB for 2017, consistent with the basic earnings per share[20]. - The net profit attributable to shareholders for 2017 showed a significant increase, reflecting the company's strong operational performance[20]. - The company’s financial report received a standard unqualified audit opinion from the accounting firm[4]. - The company has committed to ensuring the accuracy and completeness of its financial reports, with key management personnel affirming this[4]. - The net profit attributable to shareholders for 2017 was CNY 964,550,908.31, an increase of 11.43% compared to the previous year[21]. - The net profit after deducting non-recurring gains and losses was CNY 808,527,233.52, reflecting a slight increase of 1.92% year-on-year[21]. - The company achieved a total revenue of 10.57 billion RMB in the reporting period, representing a year-on-year growth of 24.62%[73]. Revenue and Sales - The company's operating revenue for 2017 was CNY 10,572,102,650.03, representing a year-on-year increase of 24.62%[21]. - The company achieved export revenue of approximately $214 million in Q4 2017, a year-on-year growth of 39.78%[102]. - The company’s export revenue constituted 50.27% of total operating revenue[32]. - The company’s motorcycle exports reached 4.4 billion USD, becoming the first motorcycle enterprise in the industry to exceed 400 million USD in export revenue[60]. - The company’s small household generator business generated revenue of 0.857 billion CNY, a growth of 34.04%, with exports to the US market increasing by 60.62%[63]. - The company’s large commercial generator business achieved revenue of 1.028 billion CNY, a year-on-year increase of 16.13%, with significant growth in the communication and oil/gas drilling sectors[63]. Operational Metrics - The net cash flow from operating activities for 2017 was CNY 1,169,219,267.37, showing a decrease of 8.20% compared to the previous year[21]. - By the end of 2017, the net assets attributable to shareholders were CNY 6,625,258,067.28, an increase of 8.92% from the end of 2016[21]. - Total assets at the end of 2017 reached CNY 11,380,100,043.17, marking a 15.23% increase year-on-year[21]. - The company’s total cash and cash equivalents at the end of the period decreased by 19.90% to CNY 1,030,831,218.04 from CNY 1,286,858,775.11[93]. - The production volume of engines was 4.13 million units, with sales volume at 3.22 million units, reflecting an increase of 10.64% in production compared to the previous year[80]. Market Performance - The engine business accounted for 23.53% of total revenue, a decrease of 2.6 percentage points year-on-year[31]. - Motorcycle business contributed 39.36% to total revenue, down by 0.7 percentage points compared to the previous year[31]. - The motorcycle market in China experienced a shift towards higher displacement models, with sales of 150CC and above increasing by 20.7%[35]. - The company maintained its position as the top exporter of small household generators in the industry and ranked 12th in large commercial generator export revenue[38]. - The four-wheeled low-speed electric vehicle industry saw production and sales grow from 200,000 units in 2013 to 1.1 million units in 2017, achieving an average annual growth rate of over 50%[39]. Product Development and Innovation - The company launched several new products, including a continuously variable transmission three-wheeled vehicle and a high-displacement dual-cylinder engine, both of which are now on the market[89]. - The company is currently developing several projects, including a new entry-level single-cylinder street bike and a hybrid powertrain for low-speed electric vehicles, which are still in progress[89]. - The company has successfully developed and mass-produced engines for the XV series drones, expanding their application fields[45]. - The company is focusing on expanding its market presence in rural areas and lower-tier cities with its four-wheeled low-speed electric vehicles, addressing short-distance travel needs[39]. - The company is actively pursuing new technologies in various product lines, including remote monitoring and advanced inverter technologies for generator sets[50]. Strategic Initiatives - The company is actively pursuing strategic transformation through external equity acquisitions to integrate resources[107]. - The company is expanding its automotive parts business into new energy vehicle components and transmission systems, upgrading from rough to precision processing[172]. - The company signed a supply agreement for 100 backup power units with China Tower Corporation for 5G base station construction, enhancing its market presence[179]. - The company is focusing on lightweight automotive components to align with the trend of vehicle electrification and is enhancing its project management capabilities[184]. - The company is expanding its "Farm Help" platform and enhancing its big data analysis capabilities using artificial intelligence to better meet customer needs[182]. Risks and Challenges - The company has outlined potential risks in its future plans and strategies, advising investors to be cautious[6]. - The company faces risks from macroeconomic changes, including potential trade wars and structural adjustments in the Chinese economy, which could impact market expansion and sales[185]. - The company is addressing currency fluctuation risks by implementing various measures, including forward foreign exchange contracts and pricing in RMB for some export customers[186]. - The company is experiencing pressure to adjust its product structure due to declining motorcycle production and sales in the domestic market[187].

Financial Performance - The company achieved operating revenue of RMB 2.40 billion in Q1 2018, representing a year-on-year increase of 6.59%[10] - The net profit attributable to shareholders was RMB 210.70 million, a decrease of 8.74% compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 204.88 million, down 9.20% year-on-year[10] - Total operating revenue for Q1 2018 was CNY 2,400,570,072.72, an increase of 6.6% compared to CNY 2,252,201,493.23 in the same period last year[33] - Net profit for Q1 2018 was CNY 225,170,361.50, a decrease of 9.1% from CNY 247,645,213.73 in Q1 2017[34] - Earnings per share for Q1 2018 were CNY 0.0997, down from CNY 0.1093 in the previous year[35] - The total comprehensive income for Q1 2018 was CNY 221,842,402.34, down from CNY 247,193,741.33 in Q1 2017, reflecting a decrease of 10.2%[35] Revenue and Sales - The export revenue reached RMB 1.34 billion, accounting for 55.91% of total revenue, an increase of 4.45 percentage points year-on-year[10] - The generator set business saw revenue growth of 41.09%, reaching RMB 447 million[12] - The sales volume of small household generator sets increased by 59.21%, generating revenue of RMB 290 million, a year-on-year increase of 76.28%[18] - The company launched a series of new products, including a hybrid four-wheel low-speed electric vehicle, achieving sales of 3,230 units in Q1 2018[13] Assets and Liabilities - The company's total assets at the end of the reporting period were RMB 11.33 billion, a decrease of 0.43% from the end of the previous year[7] - The company's accounts receivable decreased by 30.41% to ¥278,149,225.37, primarily due to payments made for accepted bills[21] - Total liabilities decreased to CNY 3,882,066,152.40 from CNY 4,152,637,529.94, a decline of approximately 6.5%[27] - The company's equity increased to CNY 7,449,091,701.12 from CNY 7,227,462,513.23, reflecting an increase of approximately 3.1%[27] Cash Flow - The company's cash flow from operating activities was RMB 86.10 million, a significant decline of 72.78% year-on-year[7] - Net cash flow from operating activities decreased by 72.78% to ¥86,097,158.81, primarily due to increased payments for goods[22] - Cash inflow from operating activities totaled CNY 2,644,761,229.53, an increase of 14.7% from CNY 2,305,633,449.48 in the previous period[40] - Total cash outflow from operating activities was CNY 2,558,664,070.72, compared to CNY 1,989,345,208.50 in the previous period[40] - The company reported a net cash increase of CNY 49,958,353.31, a significant decrease from CNY 888,570,190.81 in the prior period[41] Costs and Expenses - The company's tax and additional charges increased by 36.98% to ¥11,893,537.84 compared to the same period last year, primarily due to an increase in value-added tax[21] - Financial expenses surged by 336.31% to ¥43,436,174.50, mainly due to increased exchange losses from the appreciation of the RMB against the USD[21] - The impairment loss on assets rose by 53.32% to ¥820,208.08, attributed to increased bad debt provisions for receivables from Italy's CMD[21] - Total operating costs for Q1 2018 were CNY 2,180,868,338.82, up 10.8% from CNY 1,968,346,428.38 in Q1 2017[34] - The financial expenses for Q1 2018 were CNY 43,436,174.50, significantly higher than CNY 9,955,393.67 in Q1 2017, indicating an increase of 336.5%[34] Inventory and Prepayments - Prepayments increased by 113.14% to ¥112,009,458.59, indicating a rise in advance payments for goods[21] - The company reported a significant increase in advance receipts by 64.11% to ¥237,437,576.16, reflecting higher advance payments received from customers[21] - Inventory decreased to CNY 621,599,195.34 from CNY 629,100,321.18, showing a reduction of about 1.5%[25] Certification and Milestones - The company received the TC certification for the CMD22 aviation gasoline engine from the European Aviation Safety Agency (EASA) on January 16, 2018, marking a significant milestone in the CMD project[22]

2017 年第三季度报告 公司代码：603766 公司简称：隆鑫通用 隆鑫通用动力股份有限公司 2017 年第三季度报告 1 / 24 | 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 | 11 | 2017 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 公司负责人高勇、主管会计工作负责人王建超及会计机构负责人（会计主管人员）杨俐娟保 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 单位：元 币种：人民币 | | 本报告期末 | 上年度末 | | 本报告期末比上 | | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | 年度末增减(%) | | ...