2018 年第一季度报告 公司代码：603860 公司简称：中公高科 中公高科养护科技股份有限公司 2018 年第一季度报告 1 / 17 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 7 | 2018 年第一季度报告 一、 重要提示 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 | 652,714,137.87 | 692,128,741.95 | | -5.69 | | 归属于上市公司 | 561,234,350.79 | 559,103,588.08 | | 0.38 | | 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 | -29,372,285.45 | -21,084,60 ...

Financial Performance - In 2017, the company's operating income was RMB 192,305,200.50, an increase of 11.98% compared to RMB 171,733,319.41 in 2016[21]. - The net profit attributable to shareholders was RMB 46,903,328.76, representing a decrease of 13.03% from RMB 53,929,665.33 in the previous year[21]. - The basic earnings per share decreased by 24.07% to RMB 0.82 from RMB 1.08 in 2016[21]. - The net cash flow from operating activities dropped significantly by 66.48% to RMB 18,425,253.84 from RMB 54,965,106.66 in 2016[21]. - The total assets increased by 68.83% to RMB 692,128,741.95 at the end of 2017, compared to RMB 409,944,494.81 at the end of 2016[21]. - The net assets attributable to shareholders rose by 93.02% to RMB 559,103,588.08 from RMB 289,657,608.99 in the previous year[21]. - The weighted average return on equity decreased to 11.56% from 19.54% in 2016, a decline of 7.98 percentage points[22]. - The company recorded a non-operating income of RMB 48.62 million from government subsidies in 2017, compared to RMB 117.86 million in 2016, reflecting a decrease in non-recurring gains[26]. - The total non-recurring gains for 2017 amounted to RMB 41.45 million, a decrease from RMB 86.17 million in 2016, indicating a shift in financial performance[26]. - The company achieved operating revenue of CNY 192,305,200.50, an increase of 11.98% year-on-year, primarily driven by growth in the road condition rapid detection system and highway maintenance consulting services[72]. - Operating costs amounted to CNY 82,232,833.67, reflecting a year-on-year increase of 34.10, mainly due to the expansion of the rapid detection system and consulting services[75]. - The net profit attributable to shareholders decreased by 13.03% to CNY 46,903,328.76[72]. - The company reported a net cash flow from operating activities of CNY 18,425,253.84, down 66.48% compared to the previous year[74]. - Research and development expenses totaled CNY 18,350,066.12, accounting for 9.54% of operating revenue[83]. Market Position and Business Operations - The company specializes in providing road maintenance decision-making technology and services, targeting government road management agencies and related enterprises[29]. - The main business includes road maintenance decision consulting services, rapid road condition detection equipment production, and road maintenance information system development[30]. - The company has developed a series of rapid road condition detection systems, including the CiCS I and CiCS III, to meet various maintenance management needs[31]. - The company employs a project-based management model for its products and services, ensuring structured implementation from project initiation to completion[34]. - The company has established a dynamic supplier management system to ensure the quality of materials and services required for its operations[33]. - The company has established a national engineering research center for highway maintenance technology, enhancing its competitive advantage in the industry[44]. - The company holds 20 invention patents and 58 software copyrights, showcasing its strong R&D capabilities[42]. - The company’s products and services cover over 600,000 kilometers of national and provincial highways, indicating a significant market presence[45]. - The company’s multi-functional road condition rapid detection system (CiCS I) won the National Science and Technology Progress Award (Second Class)[45]. - The company is positioned to benefit from the shift in national policy focus from large-scale construction to large-scale maintenance of highways[39]. - The company actively participates in major research projects, achieving breakthroughs in core technologies for highway maintenance decision-making[42]. - As of the end of 2017, the company had sold road condition rapid detection system equipment to 30 provinces and regions in China, providing network-level maintenance decision consulting services to 29 provincial and municipal highway management departments[47]. - The company completed 28 provincial and ministerial scientific research projects and 14 independent research projects during the reporting period[53]. - The company launched several upgraded products, including the multi-functional road condition rapid detection system and the rural road intelligent evaluation system, significantly improving detection image quality and automatic recognition capabilities[60]. - The company established a comprehensive supply system for highway maintenance decision-making technology and services, enhancing its market position as a national high-tech enterprise[51]. - The company participated in the compilation of 2 national standards and 11 industry standards in the field of highway maintenance by the end of 2017[55]. Employee and Management Structure - The company has a strong talent pool, with 62% of its 194 employees being technical personnel, including 12 PhDs[46]. - The company has a workforce of 194 employees, with 62% being technical personnel, and 40% holding a master's degree or higher[58]. - The number of R&D personnel was 45, making up 23.20% of the total workforce[83]. - The company has a diverse management team with extensive experience in transportation and engineering sectors[187]. - Total remuneration for all directors, supervisors, and senior management amounted to 6.9616 million yuan[196]. - The total number of shares held by the board members at the end of the reporting period remained at 13,115,000 shares[187]. - The company emphasizes training for management and employees to enhance professional skills and management capabilities[199]. Risks and Challenges - The company has identified potential risks in its future development, which are detailed in the report[7]. - The company faces risks related to the loss of core technical personnel, which could weaken its competitive advantage in the technology-intensive industry[112]. - The company has established a significant first-mover advantage in the market, but it faces competition risks as domestic and international firms may invest heavily in the road maintenance market[113]. - The company is encountering market expansion risks as traditional decision-making mindsets in road maintenance may hinder the adoption of scientific decision-making systems[114]. - The establishment of a scientific decision-making system in road maintenance is heavily influenced by policies from industry regulatory bodies, posing potential policy risks for the company[115]. - The company acknowledges risks associated with the implementation of fundraising projects, which may be affected by technological uncertainties and market changes[117]. Shareholder and Corporate Governance - The company has committed to avoiding direct or indirect competition with its subsidiaries to prevent conflicts of interest[124]. - The company will notify of any business opportunities that may compete with its subsidiaries, allowing them to respond within a reasonable timeframe[125]. - The company guarantees that any unavoidable related transactions will adhere to fair market principles and normal commercial terms[126]. - The company will not use its controlling position to harm the interests of other shareholders, especially minority shareholders[127]. - The company has established a 36-month lock-up period for certain shareholders following the IPO[124]. - The company will transfer 10% of the newly issued shares, not exceeding 1.668 million shares, to the National Social Security Fund without compensation[130]. - The company commits to comply with all relevant laws and regulations regarding shareholding and transfer obligations[136]. - The commitments made by the controlling shareholder remain effective even if there are changes in their position or departure from the company[136]. - The company will ensure timely disclosure of information regarding related transactions[127]. - The company will not transfer or delegate management of its shares held before the issuance for 36 months post-listing, except as required by regulations[129]. - The company will implement stock repurchase measures if the stock price falls below the latest audited net asset value for 20 consecutive trading days[140]. - The company will ensure that any shareholding increase does not exceed 2% of the total share capital in a single year[141]. - The company commits to a stock repurchase plan and will vote in favor of related resolutions at the board and shareholder meetings[144]. - The company will publicly disclose reasons for any failure to fulfill commitments and will apologize to shareholders and the public[149]. Future Outlook - The company aims to enhance brand recognition and market share through a networked marketing service system and increased R&D investment[51]. - The company plans to accelerate the development of a diversified technical product system based on market demand, focusing on integrated R&D and collaboration with industry partners[103]. - The company intends to improve its market share by establishing a strong brand presence and enhancing its marketing network, including potential acquisitions of quality assets[107]. - The company will upgrade its existing product systems to include standardized and modular information systems, enhancing data resource integration and big data applications[106].

Financial Performance - Operating revenue for the first nine months reached CNY 109,313,155.16, a 25.32% increase from the same period last year[6] - Net profit attributable to shareholders decreased by 16.62% to CNY 16,630,596.71 compared to the previous year[6] - Basic earnings per share fell by 22.50% to CNY 0.31[6] - The weighted average return on equity decreased by 2.76 percentage points to 4.79%[6] - Total operating revenue for Q3 2017 was CNY 41,472,354.34, an increase of 35.1% compared to CNY 30,684,829.58 in Q3 2016[31] - Operating profit for Q3 2017 was CNY 4,817,049.94, a decrease of 26.5% from CNY 6,549,591.61 in Q3 2016[31] - Net profit attributable to shareholders of the parent company for Q3 2017 was CNY 4,257,411.60, down 53.7% from CNY 9,178,629.32 in Q3 2016[32] - The total profit for Q3 2017 was CNY 5,658,891.19, a decrease of 50.9% compared to CNY 11,535,473.80 in Q3 2016[31] - Earnings per share for Q3 2017 was CNY 0.31, compared to CNY 0.40 in Q3 2016[32] - The company reported a net profit of CNY 4,867,932.49 for Q3 2017, down 51.6% from CNY 10,053,079.71 in Q3 2016[31] - The total comprehensive income for Q3 2017 was CNY 4,867,932.49, compared to CNY 10,053,079.71 in Q3 2016[32] Assets and Liabilities - Total assets increased by 56.14% to CNY 640,095,507.84 compared to the end of the previous year[6] - Net assets attributable to shareholders rose by 82.57% to CNY 528,830,856.03 year-over-year[6] - Total current assets increased to CNY 401,839,357.63 from CNY 173,181,661.18, indicating significant growth in liquidity[21] - Current liabilities decreased to CNY 49,189,361.33 from CNY 57,309,206.64, a reduction of about 14.7%[22] - Total liabilities decreased to CNY 106,496,587.66 from CNY 115,775,069.94, a decline of approximately 8.8%[23] - Owner's equity increased to CNY 533,598,920.18 from CNY 294,169,424.87, representing a growth of about 81.3%[23] - The total liabilities and owner's equity amounted to CNY 640,095,507.84, consistent with total assets, indicating a balanced financial position[22] Cash Flow - Net cash flow from operating activities showed a significant decline of 5555.70%, resulting in a negative CNY 34,063,156.66[6] - Cash inflow from operating activities totaled ¥100,869,583.84, up from ¥91,276,979.96 year-on-year, indicating a growth of about 10%[38] - Cash and cash equivalents increased by 259.44% to CNY 256,128,463.99, primarily due to funds raised from the IPO[13] - Cash and cash equivalents at the end of the period increased to ¥255,694,771.99 from ¥11,184,765.38, marking a substantial rise of approximately 2,287%[39] - The net cash flow from financing activities was ¥227,440,189.23, a turnaround from -¥34,942,789.14 in the same period last year[39] - Total cash outflow from investing activities was ¥8,404,899.49, down from ¥57,640,967.91 year-on-year, indicating a reduction of approximately 85.3%[39] Shareholder Information - The total number of shareholders reached 9,201[10] - The largest shareholder, Zhonglu Gaoke Transportation Technology Group Co., Ltd., holds 46.24% of the shares[11] Costs and Expenses - Operating costs surged by 64.55% to CNY 52,661,846.94, mainly due to higher material costs from increased sales of road condition detection equipment[15] - Tax and additional charges increased by 252.42% to CNY 2,215,909.88, primarily due to higher property and land use taxes[15] - The company reported a 206.11% increase in tax refunds received, totaling CNY 2,129,444.94, due to higher VAT refunds[16] - Cash paid for purchasing goods and services rose by 50.25% to CNY 41,638,707.48, reflecting increased procurement and outsourcing costs[16] Inventory and Investments - Accounts receivable rose by 40.15% to CNY 97,572,859.70, attributed to increased operating revenue[13] - Construction in progress increased by 65.85% to CNY 19,362,056.17, driven by investments in the "Intelligent Road Maintenance Technology Application Development Center" project[13] - The company reported a significant increase in inventory to CNY 21,448,179.15 from CNY 18,979,443.12, an increase of about 7.8%[26] - The company completed a fund replacement of CNY 50.61 million for pre-invested projects using raised funds[18] - The capital reserve surged by 1,386.49% to CNY 220,710,452.33, resulting from the premium on shares issued during the IPO[14] - The company’s capital reserve rose to CNY 220,710,452.33 from CNY 14,847,802.00, a substantial increase of approximately 1,484.5%[23]