沈阳机床股份有限公司 2015 年第一季度报告全文 沈阳机床股份有限公司 2015 年第一季度报告 2015 年 04 月 1 沈阳机床股份有限公司 2015 年第一季度报告全文 所有董事均已出席了审议本次季报的董事会会议。 公司负责人关锡友、主管会计工作负责人王淑力及会计机构负责人(会计主 管人员)秦琴声明：保证季度报告中财务报表的真实、准确、完整。 2 沈阳机床股份有限公司 2015 年第一季度报告全文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 1,492,598,732.54 | 1,789,716,116.73 | -16.60% | | 归属于上市公司股东的净利润（元） | -139,947,155.01 | 9,169,420.86 | -1,626.24% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | -144,745,001.50 | ...

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 15% in 2014[20]. - The company's operating revenue for 2014 was CNY 7.81 billion, representing a year-on-year increase of 5.91%[21]. - The net profit attributable to shareholders was CNY 255.79 million, an increase of 33.98% compared to the previous year[21]. - The company's revenue for the year was approximately CNY 2.05 billion, a decrease compared to the previous year[61]. - The net profit for the year was reported at CNY -35.42 million, indicating a loss compared to the previous year's profit[61]. - The company reported a significant increase in cash and cash equivalents, reaching ¥2,369,982,260.50 at the end of 2014, compared to ¥1,513,573,740.00 at the beginning of the year, representing an increase of approximately 56.5%[167]. - The total comprehensive income for the period decreased by 1,622.8 million yuan, with a net loss of 291.96 million yuan[192]. - The total owner's equity at the end of the period was 36,953.2 million yuan, reflecting a decrease from the previous period[193]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares to all shareholders, based on a total of 765,470,884 shares[4]. - In 2014, the company reported a cash dividend of 0.2 yuan per 10 shares, totaling 15,309,417.68 yuan, which represents 100% of the profit distribution[75]. - The board of directors has approved a dividend payout of 0.5 CNY per share, reflecting a commitment to returning value to shareholders[125]. Market Strategy and Expansion - The company is focusing on expanding its market presence and enhancing its product offerings in the CNC machine tool sector[12]. - The company established eight regional sales divisions to enhance market capabilities and eliminate product blind spots[27]. - The company is expanding its market presence in Southeast Asia, with plans to open three new distribution centers by the end of 2015[125]. - A strategic acquisition of a local competitor is in progress, which is expected to enhance production capacity by 25%[125]. - The company plans to enhance sales capabilities by empowering sales regions with product definition, pricing, and channel layout rights[66]. Research and Development - The total R&D expenditure for 2014 was 370.68 million yuan, accounting for 4.74% of operating revenue[36]. - The company is investing in new technology development to improve production efficiency and product quality[12]. - The company has developed the i5 intelligent CNC system, which has entered mass production and is being applied in various product lines[36]. - The company has invested 200 million CNY in R&D for new technologies aimed at improving operational efficiency by 30%[125]. Financial Management and Position - The company has maintained a stable financial position, with total assets reported at 1.2 billion RMB as of the end of 2014[20]. - Total assets at the end of 2014 reached CNY 20.15 billion, up 23.05% from the previous year[21]. - The company has engaged Da Hua Accounting Firm for auditing services, ensuring compliance and accuracy in financial reporting[19]. - The company has committed to optimizing its financial control system and enhancing budget management[68]. - The company reported a long-term loan of CNY 2.28 billion, a substantial increase from CNY 240 million in the previous year, indicating a growth of over 850%[175]. Risk Management - The company emphasizes the importance of risk management in its future development strategy, particularly in a competitive industry landscape[12]. - The company faced significant market risks in 2015, including market demand downturn and overcapacity issues[69]. - The company is currently involved in multiple ongoing lawsuits with a total amount of approximately ¥4,885.67 million, with no expected liabilities recognized[79]. Corporate Governance - The company has revised its articles of association to improve corporate governance and protect minority shareholder rights[138]. - The company has maintained compliance with the Company Law and relevant regulations, ensuring fair treatment of all shareholders[138]. - The company has not experienced any insider trading incidents during the reporting period[138]. - The company has a diverse board with members holding various engineering and management positions, indicating strong leadership[118]. Shareholder Structure - The company’s major shareholder, Shenyang Machine Tool (Group) Co., Ltd., holds 30.09% of the shares, totaling 230,330,689 shares, with 22,000,000 shares under lock-up[106]. - The controlling shareholder of Shenyang Machine Tool Group Co., Ltd. holds 208,330,689 shares, representing a significant portion of the company's equity[107]. - The number of restricted shares decreased by 198,000,000, while the unrestricted shares increased by the same amount, resulting in a total of 738,775,944 unrestricted shares, which is 96.51% of the total shares[100]. Operational Challenges - The company is facing significant downward pressure from macroeconomic conditions and increased competition in the machine tool industry[66]. - The sales volume of machine tools decreased by 11% to 42,900 units in 2014 compared to 48,300 units in 2013[31]. - The company has not undergone any significant changes in its main business operations since its listing[18]. Internal Control and Compliance - The company has established a dedicated internal control institution to enhance its internal control system, which includes a management manual and a combination of pre-control, in-process supervision, and post-evaluation methods[155]. - No significant internal control deficiencies were found during the reporting period, indicating effective internal control measures[158]. - The company’s financial statements received a standard unqualified audit opinion from Da Hua Accounting Firm, confirming compliance with accounting standards[163].

沈阳机床股份有限公司 2014 年第三季度报告正文 证券代码：000410 证券简称：沈阳机床 公告编号：2014-59 沈阳机床股份有限公司 2014 年第三季度报告正文 1 沈阳机床股份有限公司 2014 年第三季度报告正文 第一节 重要提示 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。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 方红星 | 独立董事 | 因公务 | 林木西 | 公司负责人关锡友、主管会计工作负责人王淑力及会计机构负责人(会计主管人员)秦琴声明：保证季度报告中财务报表 的真实、准确、完整。 2 沈阳机床股份有限公司 2014 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 ...

Financial Performance - The company achieved operating revenue of RMB 3.819 billion, representing a 2.44% increase compared to the same period last year[19]. - The net profit attributable to shareholders of the listed company was RMB 9.719 million, a decrease of 5.21% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was RMB -58.669 million, a significant decline of 703.75% compared to the previous year[19]. - The net cash flow from operating activities was RMB -738.416 million, reflecting an 8.13% decrease from the same period last year[19]. - The company's operating revenue for the reporting period was ¥3,819,462,726.20, representing a year-on-year increase of 2.44% compared to ¥3,728,547,592.11 in the same period last year[28]. - The company reported a significant increase in accounts payable, which rose by 245.17% to ¥2,164,753,200.00 from ¥627,160,000.00, driven by increased bill settlements[28]. - The gross profit margin for the industrial segment was 24.93%, reflecting a decrease of 0.75% year-on-year[35]. - The company reported a decrease in short-term borrowings to CNY 8,746,000,000.00 from CNY 8,815,000,000.00, a reduction of about 0.8%[90]. - The company reported a net profit of CNY 2,512,473.84, a significant decrease from CNY 25,237,582.81 in the previous year, reflecting a decline of 90.12%[97]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 19.560 billion, an increase of 19.47% compared to the end of the previous year[19]. - The total assets increased to CNY 19,559,789,141.96 from CNY 16,372,641,889.10, representing a growth of approximately 19.9%[88]. - Total liabilities rose to CNY 16,842,130,192.41 from CNY 13,649,348,660.18, indicating an increase of approximately 23.5%[90]. - The company's equity decreased slightly to CNY 2,717,658,949.55 from CNY 2,723,293,228.92, a decline of about 0.2%[91]. - The total liabilities rose to CNY 13,481,121,877.35, an increase of 14.29% from CNY 11,797,500,918.86[95]. Cash Flow - The net cash flow from operating activities was -262,289,835.75 yuan, compared to -541,624,318.11 yuan in the previous period, indicating an improvement[107]. - The total cash outflow from operating activities was 1,873,412,092.89 yuan, compared to 2,295,614,479.36 yuan in the previous period[107]. - Cash received from sales of goods and services was 1,333,563,765.73 yuan, down from 1,639,220,386.96 yuan in the previous period[106]. - The cash inflow from investment activities was 9,645,410.38 yuan, compared to 273,488.79 yuan in the previous period[107]. Investments and Financing - The company’s long-term borrowings rose by 275.00% to ¥900,000,000.00 from ¥240,000,000.00, indicating increased financing activities[30]. - The total cash inflow from financing activities was 6,416,000,000.00 yuan, up from 5,619,544,400.00 yuan in the previous period[108]. - The net cash flow from financing activities was 116,190,514.11 yuan, a significant decrease from 1,546,819,110.38 yuan in the previous period[108]. - The company temporarily used 593,000,000 CNY of idle raised funds to supplement working capital, which was approved by the shareholders' meeting[43]. Research and Development - Research and development investment increased by 41.82% to ¥189,584,054.35 from ¥133,676,349.53, indicating a significant focus on innovation[28]. - The company is actively involved in research and development, focusing on CNC machine tools and related technologies[53]. Governance and Compliance - The company held multiple meetings, including 3 shareholder meetings and 5 board meetings, to ensure effective governance and decision-making[56]. - The company is committed to enhancing its governance structure in compliance with relevant laws and regulations[56]. - There were no significant legal disputes or media controversies reported during the period, indicating stable governance[57][58]. Shareholder Structure - The largest shareholder, Shenyang Machine Tool (Group) Co., Ltd., holds 33.09% of the shares, totaling 253,330,689 shares, with 114,780,000 shares pledged[75]. - The number of shareholders at the end of the reporting period was 75,166, with no changes in the controlling shareholder[75][77]. - The total number of shares after the recent changes is 765,470,884, with 29.56% being restricted shares and 70.44% being unrestricted shares[72]. Financial Instruments and Accounting Policies - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[134]. - The company adopts the Chinese Yuan as its functional currency for accounting purposes, while foreign subsidiaries use the currency of their primary economic environment[136]. - The company recognizes interest income on held-to-maturity investments based on amortized cost and effective interest rate, with the effective interest rate determined at acquisition and remaining unchanged during the expected holding period[149]. - The company employs an aging analysis method to group receivables for bad debt provision calculations, assessing credit risk characteristics[158]. Inventory Management - The company adopts a perpetual inventory system for inventory management[163]. - Inventory is valued using the weighted average method, including procurement, processing, and other costs[161]. - The company assesses the net realizable value of inventory and recognizes impairment losses based on the lower of cost or net realizable value[162]. Intangible and Fixed Assets - Intangible assets are initially measured at cost, which includes purchase price, related taxes, and other expenditures necessary to make the asset ready for use[188]. - The company applies a straight-line depreciation method for fixed assets, with specific depreciation rates based on asset categories, such as 2.375%-4.75% for buildings and 8.63%-10.56% for machinery[178]. - Impairment testing for fixed assets is conducted at each reporting period, with losses recognized if the recoverable amount is below the carrying value[180].

Financial Performance - The company's operating revenue for Q1 2014 was ¥1,789,716,116.73, representing a 5.27% increase compared to ¥1,700,103,455.92 in the same period last year[5]. - Net profit attributable to shareholders decreased by 28.88% to ¥9,169,420.86 from ¥12,892,296.33 year-on-year[5]. - The net profit after deducting non-recurring gains and losses dropped by 81.71% to ¥2,305,329.19 from ¥12,606,434.66 in the previous year[5]. - The net cash flow from operating activities was negative at -¥458,313,005.76, a decline of 12.77% compared to -¥406,400,514.55 in the same period last year[5]. - The weighted average return on equity decreased to 0.34% from 0.83% year-on-year[5]. - There are no significant changes expected in the cumulative net profit for the first half of 2014 compared to the previous year[16]. Assets and Shareholder Information - Total assets increased by 8.3% to ¥17,730,906,034.09 from ¥16,372,641,889.10 at the end of the previous year[5]. - The number of shareholders at the end of the reporting period was 65,434[9]. - The largest shareholder, Shenyang Machine Tool (Group) Co., Ltd., holds 33.08% of the shares, amounting to 253,219,717 shares[9]. Research and Development - The company's research and development expenses rose significantly by 125% to ¥152,333,878.45, up from ¥67,705,054.04[13]. Non-Operating Income - The company received government subsidies and debt restructuring gains, leading to a 906.49% increase in non-operating income to ¥9,529,021.20 from ¥946,756.91[13]. Commitments - The company has made commitments to avoid competition in the machine tool business, with a commitment period of 36 months starting from November 2, 2012[14]. - The company has also committed to a share lock-up for 36 months starting from May 14, 2013, ensuring stability for shareholders[15].