Financial Performance - The company's operating revenue for 2018 was RMB 560,128,560.52, representing a 15.22% increase compared to RMB 486,134,754.79 in 2017[25] - The net profit attributable to shareholders of the listed company was RMB 60,178,971.58, up 12.16% from RMB 53,652,220.85 in the previous year[25] - Basic earnings per share decreased by 9.52% to CNY 0.38 in 2018 compared to CNY 0.42 in 2017[27] - The net profit attributable to shareholders for Q4 2018 was CNY 26,566,755.12, showing a significant increase from CNY 12,253,798.69 in Q3 2018[30] - The company achieved operating revenue of ¥560,128,560.52, representing a year-on-year growth of 15.22%[49] - Net profit for the period was ¥60,544,140.10, an increase of 12.93% compared to the previous year[49] Cash Flow and Assets - The net cash flow from operating activities decreased by 58.95% to RMB 23,271,083.95 from RMB 56,693,251.95 in 2017[26] - The total assets of the company increased by 8.98% to RMB 941,202,749.41 at the end of 2018, compared to RMB 863,680,057.30 at the end of 2017[26] - The company's cash at the end of the period was 213,763,489.72, representing 22.71% of total assets, an increase of 41.31% compared to the previous period[70] - The net cash flow from operating activities decreased by 58.95% to CNY 23,271,083.95, primarily due to increased cash payments for goods and services[67] Dividends and Profit Distribution - The company plans to distribute a cash dividend of RMB 1.13 per 10 shares, totaling RMB 18,080,000[5] - The cash dividend payout ratio for 2018 is 30.04% of the net profit attributable to ordinary shareholders, which is RMB 60,178,971.58[98] - The company has a profit distribution policy that prioritizes cash dividends, aiming to distribute at least 20% of the annual distributable profits[95] - The cash dividend for 2017 was RMB 1.01 per 10 shares, totaling RMB 16,160,000, with a payout ratio of 30.12%[98] Research and Development - The company holds a total of 9 invention patents and 72 utility model patents, reinforcing its position as a high-tech enterprise in the industry[50] - The company’s R&D expenses increased by 29.02% to ¥19,105,853.60, reflecting a commitment to innovation[54] - The company emphasizes R&D investment, participating in early product development processes to provide tailored solutions for clients[45] - The company will continue to increase R&D investment to enhance product innovation and maintain a competitive edge in the mid-to-high-end market[92] Market Position and Strategy - The company’s main business involves the R&D, production, and sales of key components for circuit breakers, positioning it among the leaders in the industry[37] - The company has established a strong market position in the mid-to-high-end segment of the circuit breaker key components industry, supplying major domestic and international electrical manufacturers[44] - The company is focused on high-end market segments and has a dedicated international division for high-margin multinational clients[49] - The international market for circuit breaker products is expanding, with strong competitiveness in emerging markets such as Southeast Asia and the Middle East[43] Risk Management - The company has outlined potential risks in its future development, which investors should be aware of[8] - The company recognizes risks related to fluctuations in power investment and macroeconomic conditions affecting demand for its products[89] - The company faces risks from raw material price volatility, particularly for key components like metals and plastics[90] Corporate Governance - The company has established a legal commitment to uphold shareholder rights and avoid conflicts of interest[102] - The company has committed to minimizing related party transactions and ensuring fair pricing in unavoidable transactions[100] - The company has a clear plan for future capital allocation, focusing on maintaining shareholder value through dividends[101] Environmental Responsibility - The company is not listed as a key pollutant unit according to the 2018 list published by the Changzhou Environmental Protection Bureau[128] - The company produces products mainly through physical synthesis at normal temperature and pressure, resulting in minimal waste emissions, primarily solid waste, minor gas emissions, and domestic sewage[128] - The company has established environmental management procedures and waste management methods to control environmental parameters affecting production[128] Management and Personnel - The company has maintained a stable management team with key personnel serving since 2010[158] - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 3.6559 million yuan[168] - The company has implemented a performance-based salary system, linking employee income closely to performance evaluation results[172] - The company has established a comprehensive training program aimed at enhancing employee skills and capabilities[174]

Financial Performance - The company's operating revenue for 2018 was RMB 560,128,560.52, representing a 15.22% increase compared to RMB 486,134,754.79 in 2017[25]. - The net profit attributable to shareholders of the listed company was RMB 60,178,971.58, an increase of 12.16% from RMB 53,652,220.85 in the previous year[25]. - The net assets attributable to shareholders of the listed company at the end of 2018 were RMB 654,107,191.69, up 7.22% from RMB 610,088,220.11 at the end of 2017[26]. - The total assets increased by 8.98% to RMB 941,202,749.41 at the end of 2018, compared to RMB 863,680,057.30 at the end of 2017[26]. - Basic earnings per share decreased by 9.52% to CNY 0.38 in 2018 compared to CNY 0.42 in 2017[27]. - The net profit attributable to shareholders for Q4 2018 was CNY 26,566,755.12, showing a significant increase compared to CNY 6,887,884.88 in Q1 2018[30]. - The company achieved operating revenue of ¥560,128,560.52, representing a year-on-year growth of 15.22%[49]. - Net profit for the period was ¥60,544,140.10, an increase of 12.93% compared to the previous year[49]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 58.95% to RMB 23,271,083.95 in 2018, down from RMB 56,693,251.95 in 2017[26]. - The company plans to distribute a cash dividend of RMB 1.13 per 10 shares, totaling RMB 18,080,000 to shareholders[5]. - The cash dividend payout ratio for 2018 is 30.04% of the net profit attributable to shareholders, which is RMB 60,178,971.58[98]. - The company has maintained a consistent cash dividend distribution over the past three years, with dividends of RMB 1.00, RMB 1.01, and RMB 1.13 per 10 shares in 2016, 2017, and 2018 respectively[98]. Operational Efficiency and Management - The company employs a "sales-driven production" model, ensuring quick production based on customer orders[38]. - The company established an ERP information system to enhance production process management and ensure timely delivery to customers[38]. - The company implemented a comprehensive "3E7S management" approach to enhance operational efficiency[50]. - The management established a comprehensive performance evaluation and incentive mechanism for senior management, combining salary and performance bonuses[185]. - The company has implemented a performance-based salary system, linking employee income closely to performance evaluation results[172]. Research and Development - The company has a significant focus on R&D, with a complete product design and development system that ensures product quality from the production source[46]. - Research and development expenses rose by 29.02% to ¥19,105,853.60, indicating a commitment to innovation[54]. - The company is investing 50 million in research and development for new technologies aimed at enhancing user experience[112]. - The company will increase its R&D investment to enhance product innovation capabilities and deepen cooperation with universities and well-known electrical manufacturers[92]. Market Position and Growth Opportunities - The company operates in the circuit breaker industry, focusing on the R&D, production, and sales of key components and accessories[37]. - The demand for circuit breaker products is expected to increase due to the ongoing industrialization and infrastructure projects in China, creating opportunities for market growth[42]. - The international market for circuit breaker products is expanding, with strong competitiveness in emerging markets like Southeast Asia and South Asia due to improved technology and cost advantages[43]. - The company aims to enhance its competitiveness by focusing on product quality and service rather than price competition in the mid-to-high-end market[82]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report[6]. - The company faces risks related to fluctuations in power investment and macroeconomic conditions, which can impact market demand for its products[89]. - The company is exposed to risks from raw material price volatility, particularly for key components such as metals and plastics[90]. - The company will enhance its internal control and governance structures to improve risk management and investor communication[88]. Corporate Governance - The company has established several joint ventures, including Leqing Jinqi Electric Co., Ltd. with a registered capital of 2 million RMB, focusing on distribution switch control equipment[73]. - The company has committed to minimizing related party transactions and ensuring fair pricing in unavoidable transactions[100]. - The company’s profit distribution plan is subject to the approval of the board of directors and shareholders[97]. - The company has a diverse board with independent directors holding various positions in other organizations[158]. Shareholder Information - The total number of ordinary shares before the recent change was 160,000,000, with a reduction of 32,400,000 shares, resulting in 127,600,000 shares post-change[134]. - The company reported a total remuneration of 365.59 million CNY for its senior management team during the reporting period[157]. - The company has no major litigation or arbitration matters reported for the year[118]. - The company has not disclosed any significant related party transactions during the reporting period[120].

Financial Performance - Net profit attributable to shareholders increased by 23.81% to CNY 8,527,596.20 year-on-year[5] - Basic and diluted earnings per share increased by 25.00% to CNY 0.05 per share[5] - Net profit increased by 30.52% from CNY 6,932,953.40 to CNY 9,048,864.16, attributed to an increase in gross profit margin[14] - Other comprehensive income attributable to the parent company was CNY 8,527,596.20, compared to CNY 6,887,884.88 in the previous year, reflecting a growth of 23.7%[29] - The total profit for Q1 2019 was CNY 10,367,786.69, an increase of 22.3% from CNY 8,472,019.65 in Q1 2018[30] Revenue and Costs - Operating revenue decreased by 1.25% to CNY 98,136,458.50 compared to the same period last year[5] - Total revenue for Q1 2019 was CNY 98,136,458.50, a decrease of 1.25% compared to CNY 99,381,445.78 in Q1 2018[25] - Total operating costs for Q1 2019 were CNY 87,842,608.76, down 4.63% from CNY 91,972,359.92 in Q1 2018[26] - The company reported a decrease in operating costs to CNY 74,456,407.75 from CNY 78,701,183.69, a reduction of 5.5% year-over-year[30] Assets and Liabilities - Total assets decreased by 4.71% to CNY 896,911,485.60 compared to the end of the previous year[5] - Total assets decreased from CNY 941,202,749.41 to CNY 896,911,485.60, reflecting a reduction in overall asset base[20] - Total liabilities decreased to CNY 226,370,895.96 in Q1 2019 from CNY 283,803,084.04 in Q4 2018, reflecting a reduction of approximately 20.2%[24] - Cash and cash equivalents decreased by 33.64% from CNY 213,763,489.72 to CNY 141,851,927.88 due to increased payment for goods[13] Cash Flow - Net cash flow from operating activities was negative at CNY -51,942,901.36, a decline of 35.12% year-on-year[5] - The net cash flow from operating activities for Q1 2019 was -50,558,865.90 RMB, compared to -39,131,754.41 RMB in Q1 2018, indicating a decline of approximately 29.5% year-over-year[39] - Total cash inflow from financing activities was 29,650,000.00 RMB, up from 21,355,000.00 RMB in the same period last year, representing an increase of about 38.5%[36] - The total cash outflow from investing activities was 18,783,505.50 RMB, significantly higher than 9,896,513.44 RMB in Q1 2018, marking an increase of about 89%[39] Shareholder Information - The total number of shareholders reached 15,840 at the end of the reporting period[11] - The largest shareholder, Changzhou Luohui Investment Co., Ltd., holds 22.44% of the shares[11] Other Financial Metrics - The weighted average return on equity increased by 0.18 percentage points to 1.3%[5] - Non-recurring gains and losses totaled CNY 59,520.85 for the period[9] - Tax refunds received increased by 305.59% from CNY 204,221.33 to CNY 828,302.41, mainly due to higher export tax rebates[15] - Cash paid for taxes increased by 79.19% from CNY 5,835,401.88 to CNY 10,456,221.59, primarily due to higher VAT and income tax payments[16]

2018 年第三季度报告 公司代码：603829 公司简称：洛凯股份 江苏洛凯机电股份有限公司 2018 年第三季度报告 1 / 22 | 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 公司负责人谈行、主管会计工作负责人徐琦俊及会计机构负责人（会计主管人员）秦梅芳保 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 / 22 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 893,187,960.06 863,680,057.30 3.42 归属于上市公司股东的净资 产 627,54 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥246,313,619.05, representing a 10.08% increase compared to ¥223,749,198.54 in the same period last year[21] - The net profit attributable to shareholders of the listed company decreased by 5.2% to ¥21,358,417.77 from ¥22,529,974.80 year-on-year[21] - The net cash flow from operating activities turned negative at -¥4,791,824.95, a significant decline of 111.57% compared to ¥41,421,250.33 in the previous year[21] - Basic earnings per share decreased by 31.58% to ¥0.13 from ¥0.19 in the same period last year[22] - The weighted average return on net assets dropped to 3.46% from 7.07% year-on-year, indicating a decrease of 3.61 percentage points[22] - The company achieved operating revenue of 246.31 million yuan, a year-on-year increase of 10.08%[42] - Net profit for the period was 21.47 million yuan, a decrease of 4.45% compared to the same period last year[39] - Operating costs rose by 12.61% to 197.05 million yuan, primarily due to rising raw material prices[43] Assets and Liabilities - The net assets attributable to shareholders at the end of the reporting period were ¥615,286,637.88, a slight increase of 0.85% from ¥610,088,220.11 at the end of the previous year[21] - The total assets increased by 1.45% to ¥876,231,500.05 from ¥863,680,057.30 at the end of the previous year[21] - The company's total liabilities as of June 30, 2018, were CNY 258,746,652.10, compared to CNY 251,316,591.54 at the beginning of the period, indicating an increase of about 2.4%[104] - The total equity attributable to shareholders of the parent company was CNY 615,286,637.88, up from CNY 610,088,220.11, representing a growth of approximately 0.7%[104] Research and Development - The company emphasizes R&D investment, participating in early product development with clients to provide material selection and structural design suggestions[35] - Research and development expenditure increased by 22.93% to 8.02 million yuan, reflecting the company's commitment to innovation[42] - The company added 3 invention patents and 6 utility model patents during the reporting period, reinforcing its innovation capabilities[40] - The company has maintained a high level of R&D investment in recent years and plans to continue increasing R&D spending to enhance product innovation capabilities[57] Market Position and Strategy - The company specializes in the research, production, and sales of key components, accessories, and parts for circuit breakers, positioning itself as a leading player in China's circuit breaker industry[28] - The business model is based on customized products with a "sales-driven production" approach, ensuring rapid production and delivery according to customer orders[29] - The company focuses on high-end market segments, with significant market shares in circuit breaker frames and operating mechanisms[34] - The company maintains a direct sales model, enhancing customer relationships and satisfaction, which supports future sales growth[30] Risks and Challenges - The company faces risks related to fluctuations in power investment and macroeconomic conditions affecting the electrical equipment manufacturing industry[54] - There is a risk of losing major customers if the company fails to meet their requirements in R&D, manufacturing, and quality assurance[56] - The company faces risks related to fluctuations in raw material prices, particularly for black and non-ferrous metals and plastics, which significantly impact procurement costs[57] - The company acknowledges the risks associated with new product and technology development, which require strong interdisciplinary R&D capabilities[57] Corporate Governance and Compliance - The company has not disclosed any plans for new products, technologies, market expansion, or mergers and acquisitions in this report[19] - The company does not have any profit distribution or capital reserve transfer plans for the first half of the year, with no dividends or stock bonuses proposed[62] - The company has renewed its audit engagement with Ruihua Certified Public Accountants for the 2018 fiscal year[77] - There are no significant litigation or arbitration matters reported during the reporting period[77] Future Outlook - The company provided an optimistic outlook for the next quarter, projecting revenue growth of 25% and aiming to reach $1.875 billion[68] - New product launches are expected to contribute an additional $300 million in revenue over the next fiscal year[66] - Market expansion plans include entering three new international markets, projected to increase user base by 10%[68] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 19,073[87] - The largest shareholder, Changzhou Luohui Investment Co., Ltd., holds 35,900,000 shares, accounting for 22.44% of the total shares[89] - The company distributed 16,160,000.00 RMB to shareholders during the period[133] Environmental and Social Responsibility - The company does not belong to the list of key pollutant discharge units published by the Changzhou Environmental Protection Bureau[82] - The company has established environmental control procedures and waste management methods to ensure compliance with quality requirements[82]

Financial Performance - The company's operating revenue for 2017 was CNY 486,134,754.79, representing a 9.77% increase compared to CNY 442,857,944.07 in 2016[21] - The net profit attributable to shareholders of the listed company was CNY 53,652,220.85, a 2.77% increase from CNY 52,205,779.57 in the previous year[21] - The net profit after deducting non-recurring gains and losses was CNY 51,361,136.65, up by 2.09% from CNY 50,310,904.65 in 2016[21] - Basic earnings per share decreased by 4.55% to CNY 0.42 in 2017 compared to CNY 0.44 in 2016[22] - The company achieved operating revenue of ¥486,134,754.79, an increase of 9.77% compared to the previous year[46] - Net profit for the period was ¥53,612,211.17, reflecting a growth of 3.06% year-on-year[46] - Operating cash flow net amount reached ¥56,693,251.95, a significant increase of 126.35% compared to the previous year[46] - The company reported a total profit for the current period of ¥62,919,933.77, slightly higher than ¥62,192,393.39 in the previous period[197] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 126.35% to CNY 56,693,251.95 from CNY 25,046,978.77 in 2016[21] - The total assets of the company at the end of 2017 were CNY 863,680,057.30, a 56.18% increase from CNY 552,987,080.44 at the end of 2016[21] - The net cash flow from financing activities was 248.36 million yuan, significantly higher than the previous year's negative cash flow, due to successful stock issuance[64] - Cash and cash equivalents reached CNY 149.60 million, up from CNY 47.96 million, indicating a growth of 211.36%[192] - Total current assets rose to CNY 633,172,415.28 from CNY 360,881,064.91 year-over-year, indicating significant growth in liquidity[188] Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.01 per 10 shares, totaling CNY 16,160,000.00[5] - The company will implement a cash dividend policy, prioritizing cash dividends when conditions allow, to ensure reasonable returns for shareholders[85] - In 2017, the cash dividend payout ratio was 30.12%, with a total profit attributable to ordinary shareholders of RMB 53,652,220.85[90] - The cash dividend for 2016 was RMB 1.00 per 10 shares, amounting to RMB 12,000,000.00, with a payout ratio of 22.99%[90] Market and Business Strategy - The company operates in the circuit breaker industry, focusing on the R&D, production, and sales of key components and accessories[29] - The company focuses on the mid-to-high-end market for circuit breaker components, achieving a strong competitive position with a notable market share in key product categories[36] - The company has established long-term relationships with major clients, with sales to well-known electrical companies accounting for approximately 60% of total revenue[38] - The company anticipates that the demand for high-end circuit breaker products will increase as low-end products gradually exit the market, shifting competition towards quality and service[71] - The company plans to increase its R&D investment and enhance product innovation capabilities to meet the rising demand in the mid-to-high-end market[82] Research and Development - The company emphasizes R&D investment, participating in the early stages of client product development to enhance its core competitiveness[37] - The company invested ¥14,807,917.24 in R&D, a decrease of 5.86% from the previous year[48] - Research and development expenses totaled 14.81 million yuan, representing 3.05% of operating revenue, with 97 R&D personnel making up 14.67% of the total workforce[62] Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7] - There are no violations of decision-making procedures for external guarantees reported[7] - The commitment to avoid conflicts of interest and ensure fair transactions with related parties is upheld by the company's controlling shareholders and management[92] - The company has committed to minimizing related party transactions with its subsidiaries, ensuring that any unavoidable transactions are conducted at fair market prices[94] Internal Controls and Audit - The audit report confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2017[172] - The company is responsible for ensuring the financial statements are free from material misstatement due to fraud or error, emphasizing the importance of internal controls[182] - The management is tasked with evaluating the company's ability to continue as a going concern, which is critical for financial reporting[182] Employee Welfare and Social Responsibility - The company has established a comprehensive employee welfare program, including regular health check-ups and professional training[118] - The company is actively involved in social responsibility initiatives, donating ¥80,000.00 to local charities and educational funds during the reporting period[118] - The company has maintained compliance with labor laws and improved employee compensation and benefits[118] Future Outlook - The company provided guidance for 2018, projecting revenue growth of 10% to 12%, aiming for a total revenue between 1.65 billion and 1.68 billion[145] - New product launches are expected to contribute an additional 200 million in revenue in 2018, driven by innovative features and market demand[145] - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of up to 300 million allocated for strategic purchases in 2018[145]

2018 年第一季度报告 公司代码：603829 公司简称：洛凯股份 江苏洛凯机电股份有限公司 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 8 | 2018 年第一季度报告 一、 重要提示 | 未出席董事姓名 | 未出席董事职务 | 未出席原因的说明 | 被委托人姓名 | | --- | --- | --- | --- | | 尹天文 | 董事 | 工作原因 | 季慧玉 | | 龚志浩 | 独立董事 | 工作原因 | 陈斌才 | 1.3 公司负责人谈行、主管会计工作负责人徐琦俊及会计机构负责人（会计主管人员）秦梅芳保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 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 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 820,878,809.5 ...

Financial Performance - Net profit attributable to shareholders rose by 3.23% to CNY 40,171,504.88 for the year-to-date period[6] - Operating revenue for the year-to-date period increased by 11.24% to CNY 360,268,410.27 compared to the same period last year[6] - Basic and diluted earnings per share both increased by 3.13% to CNY 0.33[7] - The company reported a total comprehensive income of ¥17,642,791.10 for Q3 2017, compared to ¥16,548,595.61 in Q3 2016, marking a growth of 6.6%[27] - Net profit attributable to the parent company was ¥17,641,530.08, up 6.3% from ¥16,597,851.60 in the same period last year[26] - Net profit for the third quarter was ¥17,294,824.32, a decrease of 5.9% from ¥18,385,554.54 in the previous year[31] Asset and Liability Changes - Total assets increased by 10.65% to CNY 611,867,607.07 compared to the end of the previous year[6] - Total liabilities increased to CNY 268.58 billion, compared to CNY 237.82 billion, marking a rise of about 12.9%[21] - Current assets totaled CNY 380.10 billion, compared to CNY 360.88 billion in the previous year, reflecting an increase of about 5.3%[20] - Owner's equity attributable to the parent company rose to CNY 342.46 billion, up from CNY 314.29 billion, an increase of approximately 8.9%[22] - The total assets of the company increased to ¥609,097,708.32, compared to ¥552,167,809.35 at the end of the previous year, reflecting a growth of 10.3%[24] Cash Flow Analysis - Net cash flow from operating activities surged by 465.51% to CNY 52,060,783.21 year-to-date[6] - The company reported a net cash flow from operating activities of ¥52,060,783.21 for the first three quarters, significantly up from ¥9,205,959.05 in the same period last year[35] - Cash inflow from financing activities was ¥27,560,000.00, down from ¥43,000,000.00 year-on-year[38] - Cash outflow from investing activities totaled ¥77,039,903.41, slightly down from ¥80,304,873.03 in the previous year[38] - The company reported a decrease in cash flow from operating activities, with total outflows reaching ¥188,956,860.05, compared to ¥207,597,268.55 in the previous year[37] Shareholder Information - The total number of shareholders reached 39,079 by the end of the reporting period[12] - The largest shareholder, Changzhou Luohui Investment Co., Ltd., holds 29.92% of the shares[12] - The second-largest shareholder, Changzhou Luoteng Investment Co., Ltd., holds 26.92% of the shares[12] Operational Costs and Expenses - Operating costs for Q3 2017 were ¥115,536,115.05, representing a year-over-year increase of 14.6% from ¥100,799,940.54[25] - The company’s financial expenses for the first three quarters totaled ¥1,685,108.42, an increase of 36.3% from ¥1,236,446.74 in the previous year[29] - The company reported a 40.16% increase in taxes and surcharges, rising from CNY 1,858,857.48 to CNY 2,605,283.81, primarily due to increased property tax[15] - Tax expenses for Q3 2017 were ¥3,094,988.92, compared to ¥1,669,102.16 in Q3 2016, showing a significant increase of 85.0%[26] Inventory and Prepayments - Inventory rose to CNY 68.51 billion, up from CNY 60.86 billion, indicating a growth of approximately 12.8%[20] - Prepayments increased by 240.47%, rising from CNY 1,404,083.84 to CNY 4,780,508.20, primarily due to higher advance payments for production equipment[14] Future Plans and Market Strategy - The company’s management indicated plans for market expansion and new product development in the upcoming quarters[26] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[31]