Financial Performance - The company's operating revenue for the first half of 2018 was RMB 487,209,170.54, representing a 5.85% increase compared to RMB 460,298,149.37 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2018 was RMB 53,917,831.37, an increase of 8.72% from RMB 49,594,766.23 in the previous year[16]. - The net cash flow from operating activities reached RMB 97,821,194.01, a significant improvement of 375.02% compared to a negative cash flow of RMB -35,568,322.60 in the same period last year[16]. - The net profit after deducting non-recurring gains and losses was RMB 40,847,127.52, a decrease of 11.62% compared to RMB 46,217,035.28 in the same period last year[16]. - The company achieved a sales revenue of 487.21 million yuan and a net profit attributable to the parent company of 53.92 million yuan during the reporting period, representing a 5.85% increase in sales revenue compared to the same period in 2017[43]. - Operating revenue increased by 5.85% to ¥487,209,170.54 compared to ¥460,298,149.37 in the same period last year[46]. - Operating costs rose by 7.21% to ¥390,293,929.43, driven by increased sales revenue[46]. - The company reported a significant increase in the shareholding of key executives, with Chairman Chen Xueming's shares rising from 21,704,700 to 43,409,400[109]. - The total comprehensive income for the period amounted to CNY 83,133,073.95, indicating a positive performance despite the equity reduction[141]. Assets and Liabilities - The total assets of the company at the end of the reporting period were RMB 1,655,900,983.04, reflecting a 3.47% increase from RMB 1,600,432,802.27 at the end of the previous year[16]. - The total liabilities as of June 30, 2018, were CNY 267,765,459.10, compared to CNY 235,307,574.28 at the beginning of the period, indicating a rise in financial obligations[115]. - The company's total liabilities increased to CNY 287,510,128.68 from CNY 264,652,598.22, representing a rise of 8.6%[119]. - The total owner's equity at the end of the reporting period is approximately CNY 1.24 billion, an increase from the previous period's CNY 572.44 million[142]. - The company's short-term borrowings decreased to CNY 100,000,000.00 from CNY 150,000,000.00, reflecting improved liquidity management[115]. - The company's fixed assets increased to CNY 506,795,210.04 from CNY 419,150,181.65, indicating ongoing investment in infrastructure[115]. Production and Technology - The company is the only global manufacturer with a complete industrial chain for aluminum grain refinement, including mining, fluorine salt production, and aluminum alloy processing[22]. - The company has developed proprietary multi-layer electromagnetic induction furnaces and large continuous rolling mills, holding 232 domestic and international patents, enhancing product quality and quantity[30]. - The overall manufacturing technology of the aluminum titanium boron (carbon) alloy products has reached an international leading level, as confirmed by third-party testing[31]. - The company maintains a "make-to-order + safety stock" production model, ensuring timely supply based on customer orders[26]. - The company has established a fluorine salt production base in Quannan, Jiangxi, to ensure quality control of its aluminum grain refinement products[23]. Market Position and Sales - The company has maintained a global and domestic market share of over 20% and 40% respectively for its aluminum grain refiners during the reporting period[32]. - The sales volume of aluminum grain refiners from 2015 to 2017 was 32,600 tons, 37,100 tons, and 43,900 tons, accounting for 43.35%, 43.13%, and 42.62% of domestic consumption respectively[36]. - The total production capacity of aluminum grain refiners has increased from 30,000 tons/year to 60,000 tons/year following the completion of the aluminum-titanium-boron (carbon) lightweight alloy project[41]. - The demand for aluminum grain refiners is expected to grow, with projected consumption reaching 138,100 tons by 2020, a 34.08% increase from 2017[40]. Research and Development - R&D expenses grew by 43.26% to ¥21,257,555.38, reflecting a substantial increase in research and development efforts[46]. - The company is recognized as a national high-tech enterprise and has established several government-recognized research platforms to support innovation[28]. - The company has received 9 scientific and technological awards for its main products, indicating a continuous improvement in product quality and technology level[33]. Governance and Shareholding - The company has established a strong governance structure with key executives holding significant stakes in affiliated companies[103]. - The overall shareholder structure reflects a mix of institutional and individual investors, indicating diverse support for the company's strategic direction[100]. - The company has ongoing commitments from major shareholders and actual controllers, ensuring compliance with shareholding restrictions until specified dates[64]. - The company plans to maintain a long-term holding of its shares and will not reduce its holdings within two years after the lock-up period ends, unless it does not affect the company's control[72]. Environmental and Safety Compliance - The company has not been penalized for environmental issues during the reporting period and adheres to national environmental laws and regulations[88]. - The company has established a dedicated safety and environmental protection department to minimize environmental risks through regular inspections and compliance with standards[88]. Legal and Regulatory Matters - The company has received a lawsuit regarding a board resolution related to the transfer of 100% equity, which is currently in the initial litigation stage[82]. - The company did not propose any profit distribution or capital reserve conversion plans for the reporting period[62].

2018 年第一季度报告 公司代码：603978 公司简称：深圳新星 深圳市新星轻合金材料股份有限公司 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 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 | 1,615,899,468.31 | 1,600,432,802.27 | | 0.97 | | 归属于上市公司 | 1,352,303,542.49 | 1,318,739,635.47 | | 2.55 | | 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 | 24,739,193.30 | -15,252,002.22 | | 26 ...

Financial Performance - The company's operating revenue for 2017 was CNY 1,009,183,483.28, representing a 27.1% increase compared to CNY 793,995,155.52 in 2016[21] - The net profit attributable to shareholders for 2017 was CNY 104,530,270.41, a decrease of 21.28% from CNY 132,793,500.63 in 2016[21] - The net profit after deducting non-recurring gains and losses was CNY 97,671,488.95, down 6.21% from CNY 104,134,293.53 in the previous year[21] - The net cash flow from operating activities was negative CNY 254,390,141.39, a decline of 400.5% compared to CNY 84,656,983.45 in 2016[21] - Basic earnings per share decreased by 28.96% to CNY 1.57 in 2017 compared to CNY 2.21 in 2016[23] - The company's main business cost increased by 31.69% to CNY 790.25 million, driven by higher sales volume and prices[54] - The company's main business revenue reached ¥1,006,763,145.18, with a gross margin of 21.51%, a decrease of 2.80 percentage points compared to the previous year[56] - Revenue from aluminum grain refining agents accounted for 91.80% of the main business income, with sales revenue of ¥924,158,819.80 and a gross margin of 22.09%, down 1.42 percentage points year-on-year[57] Assets and Liabilities - The total assets at the end of 2017 were CNY 1,600,432,802.27, an increase of 71.76% from CNY 931,762,691.96 at the end of 2016[22] - The net assets attributable to shareholders increased by 98.97% to CNY 1,318,739,635.47 from CNY 662,799,588.06 in 2016[22] - The total liabilities rose from CNY 268.96 million to CNY 281.69 million, resulting in a decrease in the asset-liability ratio from 28.87% to 17.60%[137] Shareholder Information - The company proposed a cash dividend of CNY 4.00 per 10 shares, totaling CNY 32,000,000.00, and a capital reserve conversion of 1:1, increasing the total share capital to 160 million shares[5] - In 2017, the company distributed cash dividends amounting to 32,000,000 RMB, which represents 30.61% of the net profit attributable to ordinary shareholders[99] - The company can distribute stock dividends based on cumulative distributable profits, reserve funds, and cash flow, ensuring sufficient cash dividends and reasonable capital scale[97] - The decision-making process for profit distribution requires approval from more than half of the board members and at least half of the independent directors[98] Research and Development - Research and development expenses increased by 51.35% to CNY 35.79 million in 2017[53] - The total R&D investment was ¥35,789,696.45, representing 3.55% of the total revenue, with 57 R&D personnel making up 15.57% of the total workforce[64] - The company has established several research platforms, including a national-level high-tech enterprise and various engineering research centers, enhancing its innovation capabilities[36] Market Position and Growth - The company has achieved a market share of over 20% globally and over 40% domestically for aluminum grain refinement agents, with several technical indicators surpassing those of leading global competitors[40] - The sales volume of aluminum grain refiners reached 43,900 tons in 2017, a growth of 18.12% year-on-year, with a market share of 42.62%[48] - The company plans to increase its aluminum grain refiner production capacity from 30,000 tons/year to 60,000 tons/year in 2018[48] - The company is focusing on technological innovation, particularly in high-purity non-silicon hydrogen fluoride and lithium hexafluorophosphate products[87] Operational Efficiency - Operating cash flow for the year was negative at CNY -254.39 million, a decline of 400.50% compared to the previous year[53] - The company reported a net profit margin of 12%, reflecting improved operational efficiency compared to the previous year[163] - Operational efficiency measures have led to a 12% reduction in costs, contributing positively to the overall profit margins[160] Corporate Governance - The company has maintained a standard unqualified audit report from Tianzhi International Accounting Firm[4] - The company appointed Tianzhi International Accounting Firm as the external auditor for the fiscal year 2017, with an audit fee of 50 million RMB[120] - The board of directors has approved a stock buyback program worth 100 million RMB to enhance shareholder value[162] Strategic Initiatives - The company is considering strategic acquisitions to enhance its product offerings, with a budget of 300 million allocated for potential mergers and acquisitions[160] - The company plans to implement new projects to enhance profitability and shareholder value, including several key production projects in 2018[88] - The company aims to enhance its market presence by establishing overseas sales and service centers to support international expansion[87] Risk Management - The company has outlined potential risks in its annual report, advising investors to pay attention to future development challenges[7] - The company faces risks from fluctuations in aluminum ingot prices, which significantly impact production costs[90] Employee and Management - The total remuneration paid to directors, supervisors, and senior management during the reporting period was RMB 3.1228 million (pre-tax)[167] - The company has established a performance evaluation system for employee remuneration based on job importance, performance contribution, and work quality[174] - The remuneration for senior management is determined by the board's remuneration and assessment committee, with annual salaries approved by the board[167]

Financial Performance - Operating revenue for the first nine months reached CNY 744,640,689.29, a 37.64% increase year-on-year[6] - Net profit attributable to shareholders decreased by 10.82% to CNY 82,505,090.31 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 13.64% to CNY 1.33[7] - The net profit attributable to shareholders decreased by 10.82% to ¥82,505,090.31 compared to ¥92,510,221.55 in the same period last year, primarily due to a significant reduction in non-operating income[13] - Revenue for the first nine months increased by 37.64% to ¥744,640,689.29 from ¥541,003,072.61, driven by growth in both sales volume and prices[15] - The gross profit margin for the first nine months of 2017 was approximately 16.5%, compared to 15.5% in the same period of 2016[24] - Operating profit for the first nine months of 2017 was ¥90,202,617.72, an increase of 6.1% from ¥84,747,904.65 in the previous year[25] - The net profit for Q3 2017 was CNY 17,786,565.44, a decrease from CNY 19,758,419.49 in the same period last year, representing a decline of approximately 9.9%[30] - The total profit for Q3 2017 was CNY 20,279,237.02, down from CNY 22,852,156.99 in the same period last year, marking a decrease of about 11.3%[30] Assets and Liabilities - Total assets increased by 76.62% to CNY 1,645,683,042.33 compared to the end of the previous year[6] - Total current assets increased to ¥1,066,583,808.03 from ¥460,003,226.03, representing a growth of approximately 132.5%[19] - Total liabilities rose to ¥348,992,950.36 from ¥268,963,103.90, which is an increase of approximately 29.7%[20] - Owner's equity increased significantly to ¥1,296,690,091.97 from ¥662,799,588.06, representing a growth of about 95.5%[20] - The company reported a significant increase in capital reserve to ¥660,815,375.62 from ¥129,234,281.28, marking an increase of about 412.5%[22] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -131,973,168.18, a decrease of 336.36% compared to the previous year[6] - The cash flow from financing activities showed a remarkable increase of 1830.13% to ¥649,370,923.80, compared to a negative cash flow of ¥37,533,123.64 in the previous year[15] - The net cash flow from operating activities for the first nine months of 2017 was negative CNY 131,973,168.18, compared to a positive CNY 55,834,583.01 in the same period last year[34] - Cash inflow from borrowings totaled $150,000,000.00, with a previous amount of $10,000,000.00[37] - Net cash flow from financing activities was $649,370,923.80, compared to a decrease of $37,533,123.64 in the previous period[37] Shareholder Information - The total number of shareholders reached 11,270 by the end of the reporting period[10] - The top shareholder, Chen Xueming, holds 27.13% of the shares, totaling 21,704,700 shares[10] Expenses and Investments - Operating costs rose by 42.94% to ¥583,053,865.85, mainly due to increased sales volume and rising raw material prices[15] - The company reported a significant increase in management expenses by 55.11% to ¥41,268,477.79, primarily due to increased R&D investments[15] - The company incurred asset impairment losses of ¥1,449,681.34 in Q3 2017, compared to ¥1,205,024.60 in Q3 2016[24] - Operating expenses for the first nine months of 2017 amounted to CNY 638,908,805.61, compared to CNY 307,035,655.90 in the previous year, reflecting an increase of approximately 108%[34] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company plans to continue expanding its market presence and investing in new projects, as indicated by the increase in construction in progress by 152.74% to ¥123,725,829.30[14]

Financial Performance - The company's operating revenue for the first half of 2017 was RMB 460,298,149.37, representing a 34.53% increase compared to RMB 342,152,136.09 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 24.20% to RMB 49,594,766.23 from RMB 65,430,358.61 year-on-year[18]. - Basic earnings per share for the first half of 2017 were RMB 0.83, down 23.85% from RMB 1.09 in the same period last year[20]. - The weighted average return on equity decreased by 4.42 percentage points to 7.21% from 11.63% year-on-year[20]. - Operating costs rose to ¥364,037,504.53, reflecting a 40.21% increase from ¥259,642,649.99 year-on-year[50]. - Operating profit for the first half of 2017 was ¥53,301,348.83, slightly up from ¥51,590,690.24 in the previous year[103]. - The company achieved a revenue of 460.30 million yuan, an increase of 34.53% year-on-year, while net profit attributable to shareholders decreased by 24.20% to 49.59 million yuan due to a significant drop in non-recurring gains and losses[45]. Cash Flow and Assets - The net cash flow from operating activities was negative at RMB -35,568,322.60, a decrease of 180.90% compared to RMB 43,963,145.10 in the previous year[19]. - The total assets at the end of the reporting period were RMB 1,055,425,531.31, an increase of 13.27% from RMB 931,762,691.96 at the end of the previous year[19]. - The company's total assets included cash and cash equivalents of ¥80,828,839.13, accounting for 7.66% of total assets[52]. - Total current assets increased to ¥526,302,109.05 from ¥460,003,226.03, representing a growth of approximately 14.4%[94]. - Total liabilities increased to ¥343,031,496.12 from ¥268,963,103.90, marking a rise of about 27.5%[96]. - Cash inflow from financing activities increased significantly to CNY 120,000,000.00 from CNY 10,000,000.00, marking a 1100% increase[110]. Shareholder Information - The company’s major shareholders have committed to not transferring or entrusting their shares for 36 months from the IPO date, which is until August 6, 2020[60]. - The company has a policy that allows shareholders to reduce their holdings only after a two-year lock-up period post-IPO, with a maximum of 25% of their holdings per year[64]. - The commitments made by shareholders are designed to support the company's growth and market position[64]. - The total number of ordinary shareholders at the end of the reporting period was 33[75]. - The largest shareholder, Chen Xueming, held 21,704,700 shares, accounting for 36.17% of the total shares[77]. Research and Development - The company has received 216 domestic and international invention patents in equipment research and manufacturing as of the reporting period[33]. - R&D expenditure increased by 52.86% to ¥14,838,275.86 from ¥9,707,423.92 in the previous year[50]. - The company has established several recognized research platforms, including a national-level high-tech enterprise and a provincial engineering technology research center[32]. - The company has been awarded 9 scientific and technological awards for its products, indicating a strong emphasis on product quality and innovation[37]. Market Position and Products - The company primarily engages in the research, production, and sales of aluminum grain refiners, which are widely used in various industries including aerospace, rail transportation, military, and construction[26]. - The company has maintained a global market share of over 20% and a domestic market share of over 40% for its aluminum grain refiners during the reporting period[36]. - The production of potassium fluoroaluminate accounts for nearly 50% of the domestic output, showcasing the company's significant presence in the market[36]. - The company is focusing on high-end aluminum materials and has identified the aerospace, military, and rail transportation sectors as key growth markets for its products[45]. Corporate Governance and Compliance - The company committed to fulfilling its information disclosure obligations in a timely and accurate manner[66]. - There were no significant lawsuits or arbitration matters during the reporting period[69]. - The company has not implemented any employee stock ownership plans or other incentive measures during this period[70]. - The company has not reported any major changes in its actual controller or significant shareholders[67]. Financial Reporting and Accounting - The financial statements are prepared based on the principle of going concern, reflecting the company's financial status and operating results accurately[142]. - The company adheres to the accounting standards, ensuring that financial reports are true and complete[142]. - The company recognizes investment income based on the share of net profit or loss of the investee, adjusting the book value of long-term equity investments accordingly[162]. - The company assesses impairment of financial assets and recognizes impairment losses based on the difference between carrying amount and present value of expected future cash flows[154].