Financial Performance - The company's operating revenue for 2017 was CNY 229,033,031.79, representing a 0.22% increase compared to CNY 228,524,327.81 in 2016[22]. - The net profit attributable to shareholders for 2017 was CNY 38,148,178.81, a decrease of 10.00% from CNY 42,384,727.12 in 2016[22]. - The basic earnings per share for 2017 was CNY 0.3359, down 28.76% from CNY 0.4715 in 2016[24]. - The weighted average return on equity for 2017 was 5.82%, a decrease of 3.09 percentage points from 8.91% in 2016[24]. - The total profit amounted to 49,000,053.78 CNY, which is a 0.58% increase year-on-year[52]. - The company achieved a profit before tax of CNY 49,000,053.78, slightly up from CNY 48,715,507.58 in 2016, reflecting a growth of 0.58%[183]. - The comprehensive income for the current period amounts to 44,156,386.15, which includes a profit distribution of -22,712,000.00 to the owners[197]. Cash Flow and Investments - The net cash flow from operating activities improved by 45.68%, reaching CNY -28,478,838.56 in 2017 compared to CNY -52,423,380.68 in 2016[22]. - The net cash flow from operating activities was -28,478,838.56 RMB, compared to -52,423,380.68 RMB in the previous period, indicating an improvement[190]. - The net cash flow from investment activities was -54,799,372.09 RMB, worsening from -15,390,225.47 RMB in the previous year[190]. - The net cash flow from financing activities was -12,662,015.00 RMB, a decline from a positive 192,768,542.30 RMB in the previous year[191]. - The company received tax refunds amounting to 10,296,899.06 RMB, compared to 7,759,116.84 RMB in the previous period, showing a slight increase in tax recovery[190]. Dividend Policy - The company plans to distribute a cash dividend of RMB 0.6 per 10 shares, totaling RMB 6,813,600 for all shareholders as of December 31, 2017[7]. - The cash dividend distribution for 2017 is lower than that of 2016, which may indicate a conservative approach due to potential future investments[91]. - The company has a policy to distribute at least 20% of the annual distributable profit as cash dividends, unless there are significant investment plans or cash expenditures[89]. - The company commits to a cash dividend distribution of no less than 20% of the annual distributable profit, provided it is profitable and has positive retained earnings[97]. - The company’s cash dividend policy is designed to ensure shareholder returns while allowing for future growth investments[89]. Audit and Compliance - The company has received a standard unqualified audit report from Beijing Tianyuan Quan Accounting Firm[6]. - The company confirmed that there were no significant deficiencies in internal control during the reporting period[161]. - The audit report emphasizes the importance of assessing the company's ability to continue as a going concern[171]. - The audit identified key audit matters, including revenue recognition, which were deemed critical for the financial statements[172]. - The company has established a robust internal governance structure to ensure stable operations and compliance with regulatory requirements[110]. Market and Strategic Focus - The company aims to become a leading provider of intelligent manufacturing system integration services, focusing on smart manufacturing and smart electrical solutions[31]. - The company is focused on expanding its market presence and enhancing its product offerings through technological advancements[10]. - The company is well-positioned to benefit from national policies supporting smart manufacturing and electric vehicle infrastructure development[44]. - The company plans to expand its market presence in the rotating transmission and testing platform sectors, leveraging its accumulated customer and technical resources in the aerospace industry[80]. - The company is exploring partnerships with local firms in emerging markets to facilitate faster market entry and growth[136]. Research and Development - R&D expenditure increased significantly by 85.99% to 43,231,016.07 CNY, indicating a strong commitment to innovation[54]. - The company has introduced various solutions in smart manufacturing, including digital production line systems and real-time collaborative management platforms[40]. - The company plans to focus on integrating artificial intelligence, big data, and cloud computing into its manufacturing solutions, enhancing its competitiveness in the smart manufacturing sector[83]. - New product development initiatives are underway, with an investment of 200 million allocated for R&D in renewable energy technologies[136]. - The company has established a comprehensive training plan to enhance the overall quality of employees and ensure sustainable development[146]. Shareholder Structure - The total number of ordinary shareholders increased to 15,372, up from 12,289 at the end of the previous month, reflecting growing investor interest[120]. - The top shareholder, Zu Jun, holds 25,168,000 shares, representing 22.16% of the total shares, with 10,311,140 shares pledged[122]. - The company has a lock-up period of 36 months for shares held by major shareholders since the stock listing date[124]. - The company does not have any strategic investors or general legal entities among the top ten shareholders[126]. - The total number of shares held by the top ten shareholders includes significant pledges, indicating potential liquidity risks[124]. Operational Challenges - The company faced challenges in its smart electrical business due to industry capacity reduction and price competition, leading to a revenue decline in that segment[48]. - The tightening of market funding and rising financing costs pose a risk to the company's financial stability and operational capabilities[87]. - The company recognizes the need for continuous technological innovation to maintain its competitive edge in smart manufacturing and electrical sectors[87]. - The company is at risk of talent loss in its knowledge-intensive industries, which could affect its operational stability and growth potential[87]. - The company has not faced any penalties from securities regulatory agencies in the past three years[143].

2017 年第三季度报告 公司代码：603859 公司简称：能科股份 能科节能技术股份有限公司 2017 年第三季度报告 1.2 未出席董事情况 | 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 | | --- | --- | --- | --- | | 范爱民 | 董事 | 出差 | 无 | 1.3 公司负责人祖军、主管会计工作负责人兰立鹏及会计机构负责人（会计主管人员）王凤英保 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 1 / 20 | 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 | 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。 | 加权平均净资产收益 | 1.5405 | 2.0721 | 减少 0.53 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥92,580,374.37, representing a 12.17% increase compared to ¥82,533,223.84 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2017 was ¥6,845,654.08, a 9.35% increase from ¥6,260,460.66 in the previous year[20]. - Basic earnings per share for the first half of 2017 were ¥0.0603, a decrease of 17.96% from ¥0.0735 in the same period last year[21]. - The weighted average return on net assets was 1.05%, down 0.42 percentage points from 1.47% in the previous year[21]. - The company achieved a revenue of ¥92,580,374.37 in the first half of 2017, representing a year-on-year growth of 12.17%[39]. - The net profit attributable to shareholders was ¥6,845,654.08, an increase of 9.35% compared to the previous year[39]. - The company reported a total profit for the current period of ¥8,088,941.26, an increase of 15.3% from ¥7,021,183.29 in the previous period[91]. Cash Flow and Assets - The net cash flow from operating activities decreased by 59.06%, amounting to -¥46,179,236.79, primarily due to increased customer payments received via acceptance bills and higher procurement costs and taxes[21]. - The total assets at the end of the reporting period were ¥762,073,324.34, down 5.30% from ¥804,748,150.94 at the end of the previous year[20]. - The company reported a significant decrease in cash and cash equivalents, totaling ¥138,196,429.53, which represents 18.13% of total assets, down 44.30% from the previous period[46]. - Accounts receivable increased by 73.00% to ¥82,779,953.68, accounting for 10.86% of total assets, primarily due to the collection of customer payments via bank acceptance bills[46]. - The company reported a cash outflow of CNY 24,980,598.14 for taxes paid, compared to CNY 4,565,595.86 in the prior period[97]. Research and Development - The company emphasizes R&D investment, with a focus on product innovation and market expansion, leveraging its core competencies in technology[30]. - The company's R&D expenditure increased by 127.40% to ¥17,096,382.83, aimed at enhancing product competitiveness and developing new technologies[45]. - The company plans to continue increasing R&D investment and focus on the intelligent manufacturing business in the second half of 2017[41]. Market and Product Development - The company provides integrated solutions for energy efficiency management and smart manufacturing, serving high-end manufacturing industries such as aerospace and petrochemicals[26]. - The company has developed high-power variable frequency drives and energy management systems, focusing on high-end intelligent equipment and energy-saving retrofits[27]. - The company has established a complete smart charging system product line, including various models of DC and AC charging piles[29]. - The company launched the NC HVVF series inverter technology, successfully implemented in the West-to-East Gas Transmission project[41]. Shareholder and Corporate Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months post-listing, ensuring stability among major shareholders[57]. - Shareholders are restricted from transferring shares for 12 months post-listing, further stabilizing the ownership structure[57]. - The company has established a profit distribution plan and capital reserve fund increase proposal for the half-year period, although specific figures are not disclosed[56]. - The company will repurchase shares if any false statements or omissions are found in the prospectus, ensuring investor protection[58]. Risks and Challenges - The company faces risks related to policy changes that could impact the operating environment, particularly in the industrial energy-saving equipment sector[52]. - The industrial software sector is experiencing increased competition due to government investments in energy-saving industries, aerospace, and new energy vehicles, attracting numerous potential competitors[53]. - The company faces a risk of talent loss as the industrial software industry is knowledge-intensive, requiring skilled personnel with both technical and industry-specific expertise[53]. Accounting and Financial Reporting - The company has made a change in accounting policy effective June 12, 2017, due to the issuance of a new accounting standard regarding government grants[66]. - The "other income" item in the income statement will now separately report government grants related to daily activities, increasing this item by CNY 3,098,380.03 for the reporting period[66]. - The company recognizes revenue from sales of goods when the significant risks and rewards of ownership have been transferred to the buyer, and the amount can be reliably measured[183].

Financial Performance - Operating revenue increased by 38.47% to CNY 8,738,907.12 compared to the same period last year[6] - Net profit attributable to shareholders improved by 32.14%, reaching a loss of CNY 9,105,075.01[6] - Basic and diluted earnings per share improved by 49.08%, reaching -0.0802 CNY per share[6] - The net loss for Q1 2017 was CNY 9,645,380.07, an improvement from a net loss of CNY 13,743,525.20 in Q1 2016, representing a reduction of 29.1%[25] - The total profit for Q1 2017 was -6,601,398.72 RMB, a decrease from -12,167,327.33 RMB in the same period last year, indicating an improvement of approximately 45.5%[28] - The net profit for Q1 2017 was -6,335,546.26 RMB, compared to -11,497,266.53 RMB in Q1 2016, reflecting a year-over-year improvement of about 44.1%[28] Cash Flow - Cash flow from operating activities showed a significant decline, with a loss of CNY 49,673,880.04, a decrease of 123.55% compared to the previous year[6] - Net cash flow from operating activities decreased by 123.55% to -¥49,673,880.04 from -¥22,220,571.81, mainly due to increased tax payments and cash outflows for goods and services[15] - Cash inflow from operating activities totaled 23,503,375.25 RMB, up from 13,728,885.12 RMB in the previous year, representing an increase of approximately 71.1%[31] - Cash outflow from operating activities was 73,177,255.29 RMB, compared to 35,949,456.93 RMB in the same period last year, which is an increase of about 103.5%[31] - The cash flow from investing activities was -61,425,150.39 RMB, compared to -5,057,801.80 RMB in the same period last year, indicating a significant increase in cash outflow for investments[31] - The cash flow from financing activities resulted in a net outflow of -557,980.90 RMB, reflecting a decrease in cash inflow from financing activities compared to the previous year[32] Assets and Liabilities - Total assets decreased by 4.64% to CNY 767,430,960.63 compared to the end of the previous year[6] - The total assets as of Q1 2017 amounted to CNY 716,620,900.45, a decrease from CNY 748,975,939.62 at the end of the previous period[22] - Total liabilities for Q1 2017 were CNY 113,540,803.47, down from CNY 139,560,296.38, reflecting a decrease of 18.6%[22] - The total equity for Q1 2017 was CNY 603,080,096.98, slightly down from CNY 609,415,643.24 in the previous period[22] Shareholder Information - The total number of shareholders reached 3,946 by the end of the reporting period[10] - The largest shareholder, Zujun, holds 22.16% of the shares, totaling 25,168,000 shares[10] Operating Costs and Revenue - Operating costs rose by 30.75% to ¥6,299,862.25, attributed to the increase in operating revenue[14] - Total operating revenue for Q1 2017 was CNY 8,738,907.12, an increase of 38.5% compared to CNY 6,311,188.99 in the same period last year[24] - Total operating costs for Q1 2017 were CNY 21,705,488.83, up from CNY 20,874,223.43, reflecting a year-over-year increase of 4.0%[25] Other Financial Metrics - The weighted average return on net assets increased by 1.80 percentage points to -1.42%[6] - The company reported non-operating income of CNY 103,666.68 from government subsidies related to normal business operations[8] - The company reported an increase in sales expenses to CNY 5,553,425.84 from CNY 3,488,630.33, a rise of 59.2% year-over-year[25] - Investment income for Q1 2017 was CNY 28,708.44, compared to a loss of CNY -26,898.49 in the same period last year[25] Changes in Current Assets and Liabilities - Cash and cash equivalents decreased by 44.73% to ¥137,137,554.55 from ¥248,123,383.48, primarily due to tax payments and bank wealth management product purchases[12] - Prepayments increased by 120.70% to ¥22,848,952.17 from ¥10,353,012.20, mainly due to increased advance payments to suppliers[12] - Other current assets surged by 377.33% to ¥71,173,898.22 from ¥14,910,869.20, primarily due to the purchase of bank wealth management products[12] - Employee compensation payable decreased by 67.93% to ¥751,453.38 from ¥2,342,904.30, mainly due to the distribution of last year's year-end bonuses[12] - Tax payable decreased by 92.80% to ¥1,642,234.52 from ¥22,798,293.69, primarily due to the payment of corporate income tax and VAT from the previous year[12] - Other payables decreased by 43.10% to ¥3,870,922.92 from ¥6,802,815.01, mainly due to payments for rent and employee reimbursements[12]

Financial Performance - The company's operating revenue for 2016 was CNY 228,524,327.81, representing a 3.33% increase compared to CNY 221,152,975.86 in 2015[23]. - The net profit attributable to shareholders for 2016 was CNY 42,384,727.12, which is a 9.51% increase from CNY 38,702,783.73 in 2015[23]. - The basic earnings per share for 2016 was CNY 0.4715, a 3.76% increase from CNY 0.4544 in 2015[24]. - The company reported a total of CNY 2,705,745.48 in non-recurring gains and losses for 2016, compared to CNY 1,429,253.75 in 2015[31]. - The weighted average return on equity for 2016 was 8.91%, a decrease of 0.52 percentage points from 9.43% in 2015[24]. - The company's total revenue for the period was RMB 228,524,327.81, representing a year-on-year increase of 3.33%[60]. - The net profit attributable to shareholders was RMB 42.38 million, reflecting a year-on-year growth of 9.51%[52]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 39.68 million, up 6.45% year-on-year[52]. Cash Flow and Assets - The net cash flow from operating activities decreased by 242.63% to -CNY 52,423,380.68, primarily due to a reduction in cash received from sales compared to the previous year[26]. - The total assets increased by 56.60% to CNY 804,748,150.94 at the end of 2016, up from CNY 513,872,308.66 at the end of 2015[23]. - The net assets attributable to shareholders rose by 52.73% to CNY 647,530,465.82 at the end of 2016, compared to CNY 423,978,169.63 at the end of 2015[23]. - The company's cash and cash equivalents increased by 101.91% to 248,123,383.48, accounting for 30.83% of total assets, primarily due to the issuance of new shares[73]. - Accounts receivable rose by 30.18% to 350,809,014.81, representing 43.59% of total assets, influenced by extended payment periods in certain industries[74]. - Inventory increased by 107.70% to 39,916,891.45, accounting for 4.96% of total assets, due to an increase in raw materials and finished goods[74]. - The company reported a significant increase in financing activities, with net cash flow of RMB 192,768,542.30, compared to a negative RMB -9,033,985.00 in the previous year[71]. Shareholder Information - The company plans to distribute a cash dividend of RMB 2 per 10 shares, totaling RMB 22,712,000, based on a total share capital of 113,560,000 shares as of December 31, 2016[4]. - The company has not reported any significant changes in shareholder structure or stock variations during the reporting period[8]. - The total number of shareholders increased from 5,903 to 13,919 during the reporting period[131]. - The top shareholder, Zu Jun, holds 25,168,000 shares, representing 22.16% of the total shares[133]. - The company has a total of 82 R&D personnel, representing 25.47% of the total workforce[69]. Business Segments and Market Position - The company operates in three main business segments: industrial electrical energy-saving system integration, electric vehicle intelligent charging system integration, and intelligent manufacturing system integration[30]. - The company has established a strong market presence in the industrial energy efficiency management sector, driven by national policies and technological advancements[43]. - The company launched a series of mature products in the electric vehicle smart charging sector, including smart AC and DC charging piles, and has collaborated with major clients like Sinopec[50]. - The electric vehicle charging infrastructure is expected to see significant growth, with a target of over 1.2 million new charging stations by 2020, which the company aims to capitalize on[83]. - The company has made significant advancements in the aerospace and new energy sectors, enhancing its market presence in emerging industries[50]. Research and Development - The company emphasizes research and development, maintaining a strong innovation pipeline to meet market demands and improve product performance[39]. - Research and development expenses increased by 91.43% to RMB 23,243,314.01, accounting for 10.17% of total revenue[68]. - The company has accumulated 38 patents, including 5 invention patents, 19 utility model patents, and 14 design patents, as of December 31, 2016[40]. - The company is investing 50 million in R&D for innovative technologies aimed at improving operational efficiency[148]. Governance and Compliance - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[6]. - The company has not violated any decision-making procedures for providing guarantees[7]. - The company has received a standard unqualified audit report from Beijing Tianyuan Quan Accounting Firm[7]. - The company emphasizes the accuracy and completeness of the financial report, with all board members present at the meeting[7]. - The company has maintained a good integrity status, with no significant debts or court judgments unfulfilled during the reporting period[113]. - The company strictly adheres to information disclosure regulations, ensuring timely and accurate reporting to stakeholders[160]. Future Outlook and Risks - The company has outlined its future development strategies and potential risks in the report, urging investors to pay attention to these factors[5]. - The company faces risks including policy changes affecting the industrial energy-saving equipment sector, increased competition from new entrants, and the need for continuous investment in technology and talent[94]. - The company anticipates increased demand for energy-saving services and products in the industrial sector, aligning with national energy consumption goals[80]. - The company is committed to expanding its market presence in electric vehicle charging facilities while investing in research and development for vehicle power supplies and microgrid energy solutions[83].

Financial Performance - Operating revenue for the first nine months was ¥105,581,511.44, representing a 23.83% increase year-on-year[6] - Net profit attributable to shareholders was ¥8,877,152.70, a significant turnaround from a loss of ¥4,767,591.18 in the same period last year, marking a 286.20% increase[6] - Basic and diluted earnings per share improved to ¥0.1042, compared to a loss of ¥0.0560 per share in the previous year[7] - Net profit increased by 248.79% to ¥7,228,036.60, driven by higher operating income and improved gross margin[12] - The total profit for Q3 2016 was ¥53,010,062.69, compared to a loss of ¥8,849,146.48 in the same period last year[26] - The net profit for the first nine months of 2016 reached ¥82,554,125.88, compared to ¥44,583,645.08 for the same period last year, representing an increase of 85%[27] - The total comprehensive income attributable to the parent company was CNY 2,616,692.04, compared to a loss of CNY 5,982,590.30 in the same quarter last year[25] Assets and Liabilities - Total assets at the end of the reporting period reached ¥518,725,592.04, a 0.94% increase compared to the previous year[6] - The total liabilities of the company were CNY 75,404,772.69, with current liabilities amounting to CNY 72,916,772.77, down from CNY 79,230,525.95 at the beginning of the year[19] - The company's current assets totaled CNY 437,324,736.82, compared to CNY 434,566,828.16 at the start of the year, indicating a marginal increase[17] - The total liabilities amounted to CNY 72,671,220.20, down from CNY 94,209,915.94 in the previous year[22] Cash Flow - The net cash flow from operating activities showed a decline, with a net outflow of ¥54,276,988.28, worsening by 193.68% compared to the previous year[6] - The company reported a cash balance of CNY 61,679,337.30, down from CNY 122,887,752.40 at the beginning of the year, indicating a decrease of approximately 49.8%[17] - The company reported a total cash outflow from operating activities of $128.09 million, compared to $85.83 million last year, representing a 49.2% increase[33] - The company received cash from operating activities totaling ¥84,924,787.62 in the first nine months of 2016, down from ¥116,810,994.23 in the same period last year[30] Shareholder Information - Net assets attributable to shareholders increased by 2.09% to ¥432,855,322.33 from the previous year[6] - The total number of shareholders at the end of the reporting period was 22[10] - The top three shareholders held a combined 71.175% of the shares, with the largest shareholder, Zu Jun, owning 29.55%[10] - The company’s minority interest increased by 33.07% to ¥10,465,497.02, reflecting the capital contributions from minority shareholders of its subsidiary[11] Investments and Expenses - Long-term equity investments increased by 38.77% to ¥6,931,815.64 due to additional investments in Beijing Botian Haoyu Co., Ltd.[11] - Financial expenses decreased by 149.04% to -¥1,356,603.42, mainly due to an increase in exchange gains from the appreciation of the US dollar against the RMB[12] - The company incurred sales expenses of ¥5,104,543.88 in Q3 2016, an increase of 32.4% compared to ¥3,853,185.37 in the same period last year[26] - The company’s management expenses for the first nine months of 2016 were ¥20,510,169.47, slightly down from ¥21,801,882.48 in the same period last year[26] Future Outlook - The company has not indicated any significant changes in net profit forecasts for the upcoming reporting period[14] - The report does not mention any new product developments or market expansion strategies during this quarter[14] - The company plans to expand its market presence and invest in new product development to drive future growth[23] - The company aims to enhance operational efficiency and reduce costs through strategic initiatives in the upcoming quarters[23]