Financial Performance - The company's operating revenue for 2019 was CNY 2,323,555,459.49, representing a 16.17% increase compared to CNY 2,000,069,794.90 in 2018[22] - The net profit attributable to shareholders for 2019 was CNY 314,868,888.80, a significant increase of 58.12% from CNY 199,132,692.33 in 2018[22] - The basic earnings per share for 2019 was CNY 1.10, up 57.14% from CNY 0.70 in 2018[23] - The total assets at the end of 2019 amounted to CNY 3,132,351,808.43, an 8.62% increase from CNY 2,883,711,677.11 at the end of 2018[22] - The weighted average return on equity for 2019 was 13.88%, an increase of 4.37 percentage points from 9.51% in 2018[24] - The company's net assets attributable to shareholders at the end of 2019 were CNY 2,374,633,936.02, a 9.70% increase from CNY 2,164,732,614.97 at the end of 2018[22] - The net cash flow from operating activities for 2019 was CNY 46,223,863.17, a decrease of 16.04% from CNY 55,054,588.59 in 2018[22] - The operating cost increased to CNY 1,968,771,535.42, reflecting a year-on-year growth of 10.42%[43] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 290,861,816.46, up by 58.49% year-on-year[43] Revenue Breakdown - The main revenue sources included the petrochemical industry (42.87%), machinery manufacturing (22.93%), and power equipment manufacturing (12.79%) in 2019[42] - The company's revenue from seamless pipes reached ¥1,588,712,560.31, with a gross margin of 25.10%, reflecting a year-over-year increase of 3.40 percentage points[48] - The total revenue from the petroleum and chemical industry was ¥996,221,943.68, with a gross margin of 24.02%[48] - Total operating revenue from domestic sales was ¥2,094,885,401.89, representing a year-over-year increase of 23.60%[49] - The natural gas sector experienced a significant revenue growth of 225.08% compared to the previous year, driven by increased orders for low-temperature stainless steel pipes[49] Dividend and Share Capital - The company plans to distribute a cash dividend of CNY 7 per 10 shares, totaling CNY 200,379,424 (including tax) based on a total share capital of 286,256,320 shares[6] - The proposed cash dividend for 2019 is ¥7 per 10 shares, totaling ¥200,379,424 (including tax), with a capital increase of 4 shares for every 10 shares held, resulting in a new total share count of 400,758,848[82] - In 2019, the company distributed a cash dividend of 7.00 CNY per 10 shares, totaling 200,379,424.00 CNY, which represents 64% of the net profit attributable to ordinary shareholders[83] - The cash dividend for 2018 was 6.00 CNY per 10 shares, amounting to 122,681,280.00 CNY, accounting for 62% of the net profit attributable to ordinary shareholders[83] - The company has a total of 204,468,800 shares before the recent changes, with a capital increase of 81,787,520 shares, resulting in a new total of 286,256,320 shares[129] Research and Development - The company reported a total of 67 patents, including 23 invention patents and 44 utility model patents, indicating a strong focus on technological innovation[35] - The company is actively involved in research and development collaborations with renowned institutions, enhancing its competitive edge in the market[35] - The company’s R&D expenses increased by 2.8% to CNY 40,464,579.02, indicating a commitment to innovation[46] - Research and development expenses amounted to ¥81,467,021.24, accounting for 3.51% of total revenue, with 162 R&D personnel[56] - The company plans to upgrade its R&D center to improve technological innovation and product quality competitiveness[70] Market Strategy and Challenges - The company is actively pursuing high-quality development strategies to enhance competitiveness and profitability in the industrial stainless steel pipe market[43] - Future strategies include expanding into international markets such as the Middle East and South America while strengthening domestic market presence[69] - The company acknowledges the risk of declining gross margins due to various factors, including raw material prices and market competition, which could impact profitability[75] - The company aims to enhance product quality and pursue high-quality development in response to industry challenges[68] - The steel industry faced challenges in 2019, with a 30.9% decline in profits for member companies of the China Iron and Steel Association, despite a 10.1% increase in sales revenue[34] Financial Management and Assets - The company’s cash and cash equivalents saw a net increase of ¥3,225,968.22, a decrease of 72.36% from the previous year[58] - Cash and cash equivalents decreased by 44.38% to 297.21 million, accounting for 9.49% of total assets[61] - The total amount of trade financial assets remained stable at 313.76 million, with a slight increase of 3.76 million during the period[66] - The company reported a year-end balance of accounts receivable at CNY 402,465,708.72[94] - The year-end balance of notes receivable was CNY 165,153,791.94[94] Corporate Governance - The company has retained Lixin Accounting Firm for 11 years as its auditing institution[99] - The company’s financial statements for the year ended December 31, 2019, were audited and found to fairly reflect its financial position and operating results[183] - The board of directors consists of 9 members, including 3 independent directors, meeting the requirement of at least one-third independent directors[172] - The company has established a long-term incentive mechanism, including a restricted stock incentive plan initiated in 2018 to attract and retain talent[178] - The company strictly adheres to information disclosure regulations, ensuring transparency and equal access to information for all shareholders[173] Environmental Responsibility - The company is committed to enhancing its environmental protection systems to achieve sustainable development in compliance with national requirements[79] - The company has successfully passed the SA8000 system audit with no non-conformities found in the fifth audit[115] - The company has maintained stable environmental monitoring results, with all wastewater, noise, and waste gas emissions meeting standards[117] - The company has implemented clean production practices to improve energy utilization and reduce pollutant emissions[117] - The company has established an emergency response plan for environmental pollution incidents, which was recompiled in November 2017[120] Employee and Management Structure - The company has a total of 1,396 employees, with 1,395 in the parent company and 1 in a major subsidiary[166] - The employee composition includes 1,075 production personnel, 54 sales personnel, 190 technical personnel, 10 financial personnel, and 67 administrative personnel[166] - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period was 4.5315 million yuan[164] - The company has a training plan that involves annual surveys to assess employee training needs[168] - The company has implemented a restricted stock incentive plan, with a total of 3,456,320 shares granted after adjustments[161]

2019 年第三季度报告 公司代码：603878 公司简称：武进不锈 江苏武进不锈股份有限公司 2019 年第三季度报告 1 / 32 | 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 | 10 | 2019 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 公司负责人朱国良、主管会计工作负责人王锦蓉及会计机构负责人（会计主管人员）王锦蓉 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 / 32 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 3,142,843,522.86 2,883,711,677.11 8.99 归属于上市公司 股东的净资产 ...

Financial Performance - The company's operating revenue for the first half of 2019 reached CNY 1,149,275,400.19, representing a 20.56% increase compared to CNY 953,242,022.15 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 150,394,595.90, a significant increase of 63.55% from CNY 91,954,306.28 in the previous year[17]. - The net cash flow from operating activities was CNY 52,193,201.54, recovering from a negative cash flow of CNY -9,191,930.59 in the same period last year[17]. - Basic earnings per share for the first half of 2019 were CNY 0.53, an increase of 15.22% compared to CNY 0.46 in the same period last year[18]. - The weighted average return on equity rose to 6.77%, an increase of 2.31 percentage points from 4.46% in the previous year[19]. - The company reported a total profit for the first half of 2019 of ¥173,233,186.04, compared to ¥107,157,225.08 in the first half of 2018, marking a 61.6% increase[99]. Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 2,999,456,165.30, reflecting a 4.01% increase from CNY 2,883,711,677.11 at the end of the previous year[17]. - The total liabilities reached CNY 800,200,028.03, an increase from CNY 718,979,062.14, indicating a growth of approximately 11.3%[92]. - Current liabilities rose to CNY 745,232,941.95, compared to CNY 666,735,918.43, reflecting an increase of about 11.8%[92]. - The company’s total assets at the end of the period are CNY 2,195,864,587.20, reflecting the company's asset management efficiency[125]. Cash Flow - Cash inflow from operating activities totaled CNY 715,895,845.66, compared to CNY 585,570,613.90 in the first half of 2018, marking an increase of approximately 22.2%[106]. - Cash outflow from operating activities was CNY 663,702,644.12, up from CNY 594,762,544.49 in the previous year, reflecting a rise of about 11.6%[106]. - Cash flow from investing activities generated a net inflow of CNY 54,197,408.56, compared to CNY 17,937,252.15 in the first half of 2018, indicating a substantial increase[107]. - Cash flow from financing activities resulted in a net outflow of CNY 9,980,159.79, compared to a net outflow of CNY 1,768,040.98 in the same period of 2018[110]. Shareholder Information - The actual controller, the Zhu Guoliang family, holds 39.28% of the total shares, which poses a control risk for the company[42]. - The company has a lock-up period for major shareholders, lasting 36 months from the date of listing, preventing them from transferring or managing their shares[80]. - The total number of shareholders reached 17,860 by the end of the reporting period[75]. - The top shareholder, Zhu Guoliang, holds 46,187,516 shares, representing 16.14% of the total shares[77]. Research and Development - Research and development expenses rose by 30.88% to ¥22,098,172.15, primarily due to increased stock incentive costs for R&D personnel[32]. - The company holds 62 patents, including 23 invention patents and 39 utility model patents, reflecting its commitment to technological innovation[27]. Environmental Compliance - The company achieved zero industrial wastewater discharge during the first half of 2019, with all hazardous waste being handled by qualified units[59]. - The company has a blue credit rating, indicating general compliance with environmental regulations as of the end of the reporting period[64]. - The company will increase environmental protection investments and upgrade existing facilities to comply with stricter national environmental policies[43]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations, which could impact the demand for industrial stainless steel pipes[40]. - The company is exposed to foreign exchange risks, particularly with USD as the primary settlement currency, affecting both exchange gains and export competitiveness[41]. - There are potential project implementation risks due to unforeseen factors that may delay project completion or exceed budget, impacting project returns[43]. Financial Reporting and Compliance - The company has implemented a new financial instrument accounting standard effective from January 1, 2019, which will not have a significant impact on its financial statements[65]. - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts about its ability to continue operations[137]. - The company’s accounting policies comply with the requirements of the enterprise accounting standards, ensuring accurate financial reporting[138].

2018 年年度报告 公司代码：603878 公司简称：武进不锈 江苏武进不锈股份有限公司 2018 年年度报告 1 / 176 2018 年年度报告 重要提示 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人朱国良、主管会计工作负责人王锦蓉及会计机构负责人（会计主管人员）王锦蓉 声明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经立信会计师事务所（特殊普通合伙）审计，2018 年度母公司净利润为 198,769,119.84 元， 提取 10%法定盈余公积金 19,876,911.98 元。截至 2018 年 12 月 31 日，公司累计可供分配利润为 776,870,041.64 元。 公司拟以2018年12月31日的总股本204,468,800股为基数，向全体股东每10股派发现金红利6 元（含税），共计分配利润122,681,280.00元。同时，拟以资本公积向全体股东每10股转增4股， 共计转增81,787,520股，转增后公司股本为286,256,320股。剩余未分配利润结转至以后年度分配 。 ...

Financial Performance - Operating revenue rose by 53.61% to CNY 606,119,520.56 year-on-year[7] - Net profit attributable to shareholders increased by 148.91% to CNY 80,536,932.75 compared to the same period last year[7] - Basic and diluted earnings per share both reached CNY 0.40, a 150% increase from CNY 0.16 in the previous year[7] - Operating profit for Q1 2019 was CNY 92,880,752.37, compared to CNY 38,204,980.94 in Q1 2018, indicating a growth of 143.5%[26] - Net profit for Q1 2019 was CNY 80,536,932.75, a substantial increase from CNY 32,355,593.06 in Q1 2018, representing a growth of 149.5%[26] - The company reported a total profit of CNY 93,265,599.54 for Q1 2019, compared to CNY 36,969,618.48 in Q1 2018, marking a 152.5% increase[29] Assets and Liabilities - Total assets increased by 8.49% to CNY 3,128,441,697.54 compared to the end of the previous year[7] - Total liabilities as of March 31, 2019, were CNY 884,155,986.52, up from CNY 722,561,766.49 at the end of 2018, reflecting a rise of 22.4%[23] - Shareholders' equity totaled CNY 2,244,597,344.17 as of March 31, 2019, compared to CNY 2,161,625,891.21 at the end of 2018, indicating an increase of 3.8%[24] - The company's total assets as of January 1, 2019, were CNY 2,213,852,263.78, unchanged from December 31, 2018[38] - Total liabilities were CNY 718,979,062.14, with non-current liabilities at CNY 52,243,143.71[40] Cash Flow - Cash flow from operating activities surged by 3,557.84% to CNY 42,346,237.50 year-on-year[7] - Cash flow from operating activities for Q1 2019 was CNY 42,346,237.50, significantly higher than CNY 1,157,683.73 in Q1 2018[32] - The company’s total cash inflow from operating activities was CNY 358,295,912.46, compared to CNY 272,528,316.00 in Q1 2018, an increase of 31.5%[35] - Cash inflow from financing activities reached CNY 115,840,000.00, a substantial increase from CNY 30,000,000.00 in Q1 2018, marking a growth of 286.1%[35] Shareholder Information - The total number of shareholders reached 18,084 by the end of the reporting period[11] - The largest shareholder, Zhu Guoliang, holds 16.14% of the shares, totaling 32,991,083 shares[11] Research and Development - Research and development expenses increased by 44.74% to ¥10,556,561.28 from ¥7,293,219.96, reflecting higher costs associated with employee stock incentives[14] Market Strategy - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[6]

2018 年第三季度报告 公司代码：603878 公司简称：武进不锈 江苏武进不锈股份有限公司 2018 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 | 7 | | 四、 | 附录 | 10 | 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 公司负责人朱国良、主管会计工作负责人王锦蓉及会计机构负责人（会计主管人员）王锦蓉 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 | 项目 | 本期金额 | 年初至报告期末金额 | 说明 | | --- | --- | --- | --- | | | （7－9 月） | （1-9 月） | | | 非流动资产处置损益 | -66,038. ...

2018 年半年度报告 公司代码：603878 公司简称：武进不锈 江苏武进不锈股份有限公司 2018 年半年度报告 1 / 129 2018 年半年度报告 重要提示 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺，敬请 投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 重大风险提示 公司已在本报告中描述可能存在的风险，敬请查阅第四节经营情况的讨论与分析中"可能面 对的风险"部分。请投资者注意投资风险。 十、 其他 □适用 √不适用 2 / 129 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人朱国良、主管会计工作负责人王锦蓉及会计机构负责人（会计主管人员）王锦蓉 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分 ...

江苏武进不锈股份有限公司 2017 年年度报告 1 / 166 2017 年年度报告 重要提示 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人朱国良、主管会计工作负责人王锦蓉 及会计机构负责人（会计主管人员）王锦 蓉声明：保证年度报告中财务报告的真实、准确、完整。 2017 年年度报告 公司代码：603878 公司简称：武进不锈 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经立信会计师事务所（特殊普通合伙）审计，2017 年度母公司净利润为 127,534,179.13 元， 提取 10%法定盈余公积金 12,753,417.91 元，公司年初未分配利润 585,676,529.53 元，截至 2017 年 12 月 31 日，公司累计可供分配利润为 663,986,103.23 元。 公司拟以2017年12月31日的总股本20,200万股为基数，向全体股东每10股派发现金红利1.90 元（含税），共计分配利润38,380,000.00元。剩余未分配利润结转至以后年度分配。此外，本次 不进行其他形式分配。 六、 前瞻性陈述的风险声明 √适用 □ ...

2018 年第一季度报告 公司代码：603878 公司简称：武进不锈 江苏武进不锈股份有限公司 2018 年第一季度报告 1 / 22 | 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 非经常性损益项目和金额 √适用 □不适用 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 2,678,393,449.56 2,563,623,882.53 4.48 归属于上市公司 股东的净资产 2,055,107,639.19 2,025,936,898.00 1.44 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 1,157,683.73 -22,621,837.40 105.12 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 394,584,208.25 230,917,876.94 70.88 归属于上市公司 ...

2017 年第三季度报告 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人朱国良、主管会计工作负责人王锦蓉及会计机构负责人（会计主管人员）王锦蓉 保证季度报告中财务报表的真实、准确、完整。 公司代码：603878 公司简称：武进不锈 1 / 21 江苏武进不锈股份有限公司 2017 年第三季度报告 | 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。 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 / 21 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 2,486,884,340.79 2,330,316,215.34 6.72 归属于上市公司股东 的净资产 1 ...