2018 年第一季度报告 公司代码：603819 公司简称：神力股份 常州神力电机股份有限公司 2018 年第一季度报告 1 / 19 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 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 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 | 921,808,108.71 | 901,474,639.77 | | 2.26 | | 归属于上市公司 | 749,014,573.27 | 743,657,186.35 | | 0.72 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -20,741,046.10 | -35,359,719.60 | | ...

Financial Performance - The company's operating revenue for 2017 was RMB 717,931,419.83, representing a 29.30% increase compared to RMB 555,230,431.98 in 2016[21] - The net profit attributable to shareholders for 2017 was RMB 30,763,428.21, a decrease of 32.61% from RMB 45,646,983.29 in 2016[21] - The net profit after deducting non-recurring gains and losses was RMB 28,423,368.85, down 33.16% from RMB 42,523,437.81 in the previous year[21] - Basic earnings per share decreased by 46.94% to CNY 0.26 compared to CNY 0.49 in the previous year[23] - The weighted average return on equity fell to 4.19%, a decrease of 4.94 percentage points from 9.13% in the previous year[23] - Total revenue for the fourth quarter reached CNY 201,210,974.81, with net profit attributable to shareholders at CNY 5,064,419.52[26] - The company reported a total operating cash flow of CNY 15,008,312.66 in the fourth quarter, recovering from negative cash flows in previous quarters[26] Assets and Liabilities - The total assets at the end of 2017 were RMB 901,474,639.77, an increase of 15.99% from RMB 777,171,637.08 at the end of 2016[21] - The net assets attributable to shareholders increased by 2.28% to RMB 743,657,186.35 at the end of 2017, compared to RMB 727,105,158.14 at the end of 2016[21] - Total liabilities reached RMB 157,817,453.42, compared to RMB 50,066,478.94 at the beginning of the year, marking a substantial increase of around 215.5%[196] - The company's cash and cash equivalents decreased to RMB 119,942,248.44 from RMB 294,737,786.57, a decline of approximately 59.3%[195] - Accounts receivable rose to RMB 175,053,672.90 from RMB 134,292,093.43, reflecting an increase of about 30.3%[195] Dividends and Profit Distribution - The company proposed a cash dividend of RMB 1.2 per 10 shares, totaling RMB 14,498,400, based on a total share capital of 120,820,000 shares as of December 31, 2017[5] - The company distributed cash dividends of 1.2 yuan per 10 shares in 2017, with a net profit attributable to ordinary shareholders of 30,763,428.21 yuan, representing 47.13% of the net profit[98] - The company plans to distribute cash dividends of at least 20% of the distributable profits when the net profit is positive and the accumulated undistributed profits are also positive[94] Research and Development - Research and development expenses rose by 21.30% to 26.33 million yuan[50] - The company applied for 12 invention patents and 23 utility model patents during the reporting period, receiving authorization for 4 invention patents and 22 utility model patents[37] - The company is focused on enhancing its research and development capabilities, integrating customer needs into product development through collaborative efforts[42] Market and Industry Trends - The electric motor industry is experiencing strong demand across various sectors, including automotive, energy, and transportation, contributing to stable economic growth in China[76] - Future development trends in the electric motor industry include a shift towards intelligent, modular, and high-efficiency motors, driven by advancements in technology and government standards[78] - The company is positioned to benefit from national policies promoting energy-efficient motors and renewable energy development, which are expected to drive market growth[73] Operational Risks and Challenges - The company emphasizes the importance of risk awareness regarding future plans and strategic developments[6] - The company has outlined potential risks in its operations, which investors should be aware of[7] - The company faces risks from macroeconomic fluctuations that could impact market demand for its products, particularly in the electric motor sector[87] - The company is exposed to operational performance decline risks due to cyclical demand changes in downstream industries and raw material price volatility[87] Corporate Governance and Compliance - The company has a commitment to protecting shareholder rights and has established a sound corporate governance structure[125] - The company maintained compliance with corporate governance regulations, ensuring no insider information leaks occurred during the reporting period[181] - The independent directors did not raise any objections regarding company matters during the reporting period[175] Employee and Management Structure - The company has a total of 614 employees, with 430 in production, 12 in sales, 85 in technical roles, 10 in finance, and 77 in administration[166] - The management team has a strong background in finance and investment, which supports the company's growth strategies[160] - The company aims to increase the proportion of variable compensation in the total salary structure to effectively motivate employees[167] Social Responsibility and Environmental Compliance - The company actively participates in social responsibility initiatives, contributing RMB 150,000 to the Red Cross during the reporting period[130] - The company complies with environmental regulations and has achieved ISO14001:2004 certification for its environmental management system[131] - The company has established a social responsibility management system to improve labor conditions and enhance its social responsibility awareness[124]

Financial Performance - Operating revenue for the first nine months reached CNY 516,720,445.02, a 26.75% increase year-on-year[6] - Net profit attributable to shareholders decreased by 25.92% to CNY 25,699,008.69 compared to the same period last year[6] - Basic and diluted earnings per share dropped by 46.15% to CNY 0.21[7] - The weighted average return on equity decreased by 3.77 percentage points to 3.50%[7] - Total operating revenue for Q3 2017 reached ¥194,557,590.11, a 46.5% increase from ¥132,912,467.86 in Q3 2016[27] - Net profit for Q3 2017 was ¥4,123,543.39, a decrease of 57.5% compared to ¥9,708,434.66 in Q3 2016[29] - Total profit for Q3 2017 was ¥5,241,236.42, a decline of 54.6% from ¥11,567,964.43 in Q3 2016[29] - The net profit for the first nine months of 2017 was CNY 24,279,237.36, down from CNY 33,678,031.68 in the same period of 2016, indicating a decrease of about 27.9%[34] Cash Flow - The net cash flow from operating activities was negative at CNY -69,827,647.28, compared to CNY -47,351,892.59 in the previous year[6] - The net cash flow from investing activities was negative at CNY -144,293,850.56, mainly due to investments in financial products and construction projects[15] - The net cash flow from financing activities was positive at CNY 50,131,166.66, primarily due to increased bank loans[15] - Cash flow from operating activities for the first nine months of 2017 was negative at CNY -69,827,647.28, worsening from CNY -47,351,892.59 in the same period last year[36] - Cash inflow from investment activities was CNY 110,006,082.10, while cash outflow was CNY 254,299,932.66, resulting in a net cash flow from investment activities of CNY -144,293,850.56[36] - Cash inflow from financing activities was $80 million, up from $20 million in the same period last year[39] - Net cash flow from financing activities improved to $50.13 million, compared to a net outflow of $10.93 million in the previous year[39] Assets and Liabilities - Total assets increased by 12.17% to CNY 871,719,101.54 compared to the end of the previous year[6] - Total current assets increased to CNY 747,189,504.60 from CNY 653,868,493.02, representing a growth of approximately 14.25%[19] - Total liabilities surged to CNY 133,362,071.94 from CNY 50,066,478.94, indicating a substantial increase of around 166.5%[21] - Owner's equity rose to CNY 738,357,029.60 from CNY 727,105,158.14, showing a slight increase of approximately 1.72%[21] - Cash and cash equivalents decreased to CNY 130,747,455.39 from CNY 294,737,786.57, a decline of about 55.7%[19] Shareholder Information - The total number of shareholders reached 12,544 at the end of the reporting period[10] - The largest shareholder, Chen Zhongwei, holds 42.46% of the shares, with 50,949,000 shares pledged[11] Operational Costs and Expenses - Operating costs increased by 34.79% to CNY 450,820,855.97, primarily due to higher raw material costs[15] - Operating tax and additional charges rose by 56.04% to CNY 3,281,639.38, resulting from policy adjustments in various taxes[15] - Total operating costs for Q3 2017 were ¥190,521,118.76, up 55.5% from ¥122,503,962.55 in Q3 2016[27] Other Financial Metrics - Non-recurring gains and losses included a land disposal gain of CNY 2,737,705.64 from government acquisition[8] - The company reported a significant increase in other operating income by 134.33% to CNY 3,323,047.48, due to gains from land repurchase by the government[15] - The company has not reported any new product launches or significant market expansion strategies during this period[27]

Financial Performance - The company's operating revenue for the first half of 2017 was approximately ¥322.16 million, representing a 17.25% increase compared to ¥274.76 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2017 was approximately ¥21.58 million, a decrease of 13.63% from ¥24.98 million in the previous year[20]. - The basic earnings per share for the first half of 2017 was ¥0.18, down 35.71% from ¥0.28 in the same period last year[19]. - The weighted average return on net assets decreased to 2.93%, down 2.29 percentage points from 5.22% in the previous year[19]. - The net cash flow from operating activities for the first half of 2017 was approximately -¥42.59 million, compared to -¥58.99 million in the same period last year[20]. - The total assets at the end of the reporting period were approximately ¥781.46 million, a slight increase of 0.55% from ¥777.17 million at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥734.28 million, reflecting a 0.99% increase from ¥727.11 million at the end of the previous year[20]. - The operating cost increased by 23.71% to CNY 274,722,537.96, primarily due to rising raw material prices for silicon steel[33]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2017, representing a 20% year-over-year growth[47]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased by 67.13% to CNY 96,884,855.01, primarily due to investments in short-term financial products and project construction[35]. - The net cash flow from operating activities improved to CNY -42,586,992.00, an increase from CNY -58,996,532.09 in the previous year[34]. - The total cash inflow from operating activities was 216,810,927.63 RMB, compared to 198,710,861.34 RMB in the previous period, reflecting a growth of approximately 6%[90]. - The total cash and cash equivalents at the end of the period was 96,884,855.01 RMB, down from 66,437,456.67 RMB, reflecting a decrease in liquidity[91]. Market and Product Development - The company has not disclosed any plans for new product development or market expansion in this report[4]. - The company plans to continue focusing on market expansion and new product development to drive future growth[86]. - Market expansion plans include entering three new international markets by Q4 2017, which is projected to increase overall market share by 5%[48]. - New product launches are anticipated, including a flagship product expected to generate an additional 200 million in revenue by the end of the year[48]. Research and Development - The company’s R&D expenditure was CNY 2,633,379.36, showing a slight decrease of 2.07% compared to the previous year[33]. - The company is investing in new technology development, allocating 100 million towards R&D initiatives aimed at enhancing product features and user experience[47]. Customer Relationships and Sales Strategy - The company has established stable partnerships with leading motor manufacturers such as Cummins, ABB, and Siemens, enhancing its brand image and market recognition[28]. - The proportion of major customers' annual sales volume in their total procurement has been increasing year by year, indicating stronger customer relationships[31]. - The company adopts a sales model based on direct sales to downstream motor manufacturers, using a cost-plus pricing strategy[25]. Inventory and Receivables - Inventory increased to RMB 144.13 million, up 30.76% from RMB 110.23 million, due to rising orders and increased raw material procurement costs[36]. - The total accounts receivable at the end of the period amounted to CNY 84,433,201.25, representing 51.24% of the total[181]. - The company reported accounts receivable of RMB 164,784,501.74 at the end of the period, with a bad debt provision of RMB 8,634,302.10, representing a provision rate of 5.24%[180]. Shareholder Information - The company has committed to enhancing shareholder value through a proposed dividend increase of 10% in the upcoming fiscal year[47]. - The total number of ordinary shareholders at the end of the reporting period is 13,186[64]. - The largest shareholder, Chen Zhongwei, holds 50,949,000 shares, representing 42.46% of the total shares, with 27,000,000 shares pledged[66]. Compliance and Governance - The management emphasized a strong commitment to compliance and transparency, ensuring all disclosures are accurate and timely to protect investor interests[48]. - The financial report was approved by the company's board on August 21, 2017[105]. - The company guarantees that the prospectus for its issuance and listing does not contain any false records, misleading statements, or significant omissions, and accepts legal responsibility for its accuracy and completeness[46]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the Chinese Accounting Standards[109]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[169]. - The company recognizes revenue when the significant risks and rewards of ownership have transferred to the buyer, with specific methods for domestic and international sales[158].

2017 年第一季度报告 公司代码：603819 公司简称：神力股份 常州神力电机股份有限公司 2017 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 | 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 非经常性损益项目和金额 √适用 □不适用 单位：元 币种：人民币 | | | 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 780,141,218.83 777,171,637.08 0.38 归属于上市公司 股东的净资产 737,999,324.71 727,105,158.14 1.50 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 -35,359,719.60 -21,288,083.51 不适用 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 145,434,789.96 131,59 ...

Financial Performance - The company's operating revenue for 2016 was RMB 555,230,431.98, a decrease of 3.18% compared to RMB 573,459,802.76 in 2015[20] - The net profit attributable to shareholders of the listed company was RMB 45,646,983.29, down 0.33% from RMB 45,798,730.21 in the previous year[20] - The net profit after deducting non-recurring gains and losses was RMB 42,523,437.81, a decrease of 7.71% compared to RMB 46,075,271.95 in 2015[20] - The net cash flow from operating activities was negative RMB 57,302,165.50, a decline of 173.55% from RMB 77,905,276.80 in 2015[20] - Basic earnings per share for 2016 decreased by 3.92% to CNY 0.49 compared to CNY 0.51 in 2015[21] - The weighted average return on equity fell to 9.13% in 2016, down from 10.29% in 2015, a decrease of 1.16 percentage points[21] - Total revenue for the fourth quarter reached CNY 147,560,579.36, with net profit attributable to shareholders at CNY 10,957,743.18[23] - The company reported a net cash flow from operating activities of -CNY 9,950,272.91 in the fourth quarter[23] Assets and Liabilities - The total assets at the end of 2016 were RMB 777,171,637.08, an increase of 43.64% from RMB 541,040,647.96 at the end of 2015[20] - The net assets attributable to shareholders of the listed company increased by 56.50% to RMB 727,105,158.14 from RMB 464,589,974.92 at the end of 2015[20] - Total liabilities decreased by 34.31% year-on-year, attributed to the increase in total assets from the public offering of A-shares[39] - The total amount of guarantees provided by the company, excluding those to subsidiaries, is RMB 168,000,000.00, which accounts for 23.11% of the company's net assets[115] - There were no guarantees provided to shareholders, actual controllers, or their related parties during the reporting period[115] Cash Flow and Investments - The company's cash and cash equivalents increased by 85.38% compared to the previous year, primarily due to the net proceeds of RMB 226,083,300 from the public offering of 30 million A-shares in 2016[38] - The company raised CNY 226.08 million from its initial public offering, significantly increasing cash reserves[64] - The company reported a significant increase in accounts receivable, up 201.24% to CNY 30.84 million, due to changes in payment terms from major customers[66] - The company received government subsidies amounting to RMB 1,748,108.11, contributing to non-operating income[69] Research and Development - The company filed for 15 invention patents and 13 utility model patents during the reporting period, indicating ongoing investment in R&D[32] - The company’s R&D expenditure was CNY 21.71 million, a decrease of 13.23% from the previous year[48] - The total R&D expenditure was CNY 21.71 million, representing 3.91% of total revenue, with 67 R&D personnel making up 11.55% of the total workforce[61] Market and Industry Outlook - The global silicon/steel stamping industry is projected to reach approximately USD 60 billion, with the cost of rotor and stator laminations accounting for about 30% of total motor costs[34] - The demand for electric motors remains strong across various sectors, including transportation and energy, indicating a robust market environment[74] - The company is positioned to benefit from the global shift of electric motor manufacturing to developing countries, enhancing market opportunities[74] Shareholder and Dividend Policy - The company proposed a cash dividend of RMB 1.2 per 10 shares, totaling RMB 14,400,000 to be distributed to shareholders[2] - The company is committed to maintaining a cash dividend policy, with a minimum cash dividend ratio of 20% of distributable profits when net profits are positive[93] - In 2016, the company distributed a cash dividend of 1.2 yuan per 10 shares, with a total cash dividend amounting to 45,646,983.29 yuan, representing 31.55% of the net profit attributable to shareholders[96] Governance and Compliance - The company has not faced any risks of suspension or termination of its listing, indicating a stable operational status[110] - The company has no major litigation or arbitration matters during the reporting period, indicating a stable legal standing[110] - The independent directors did not raise any objections to company matters during the reporting period[159] Employee and Management Structure - The total number of employees in the parent company is 537, and the total number of employees in major subsidiaries is 43, resulting in a combined total of 580 employees[151] - The company has established a comprehensive salary and benefits system, combining fixed salaries based on qualifications and performance-based incentives[152] - The company has a training system in place that includes various training programs covering corporate culture, leadership, and professional skills[153] Risks and Challenges - The company faces risks related to macroeconomic fluctuations, which could adversely affect electric motor market demand and lead to a decline in operating profits if global economic indicators continue to decline[87] - The primary raw material, silicon steel, is sourced from major suppliers like Baosteel and WISCO, leading to a high concentration risk; any disruption in supply could negatively impact production[89] - The company is exposed to price volatility of silicon steel, which can significantly affect production costs and cash flow, especially during periods of sharp price increases or decreases[89]