Financial Performance - Operating revenue for the period was CNY 4.09 billion, representing a growth of 10.15%[11] - Net profit attributable to shareholders was CNY 220.99 million, an increase of 85.16% compared to the same period last year[11] - Net profit after deducting non-recurring gains and losses was CNY 193.66 million, up 112.79% year-on-year[11] - Basic earnings per share increased by 42.45% to CNY 0.1510[11] - The weighted average return on net assets was 2.16%, an increase of 0.87%[11] - The company reported a net profit of ¥4,921,887,645.30, up from ¥4,418,475,762.40, indicating an increase of about 11.4%[64] - The company's operating revenue for the current period reached ¥1,701,374,295.52, an increase of 5.3% compared to ¥1,615,977,493.26 in the previous period[81] - The net profit for the current period was ¥101,073,760.59, significantly up from ¥5,585,595.82 in the previous period, marking a substantial increase[81] - The total profit for the current period is ¥1,126,557,426.27, an increase of 19.43% from ¥943,746,782.15 in the previous period[87] Assets and Liabilities - Total assets reached CNY 27.85 billion, an increase of 6.25% compared to the end of the previous year[11] - Total liabilities increased to ¥17,230,746,790.65 from ¥16,114,464,954.82, which is an increase of approximately 6.9%[64] - The company's equity attributable to shareholders rose to ¥10,137,288,809.33 from ¥9,637,445,070.23, reflecting an increase of about 5.2%[64] - Accounts receivable increased by 40.51% from CNY 362.76 million to CNY 509.71 million due to concentrated monthly repayments[21] - The company’s long-term payables increased by 77.92% from CNY 56.18 million to CNY 99.95 million, driven by an increase in sale-leaseback transactions[23] - Total current assets decreased by approximately 0.17% from CNY 9,692,251,497.04 to CNY 9,675,662,298.33[117] - Non-current assets totaled CNY 7,595,650,046.71, a decrease of CNY 3,094,687.05 compared to the previous period[120] Cash Flow - Net cash flow from operating activities was CNY 1.02 billion, a decrease of CNY 522.69 million compared to the previous year, attributed to increased external financing in financial leasing[28] - The cash inflow from operating activities for the current period is CNY 20,602,484,802.32, an increase from CNY 16,476,672,871.96 in the previous period, representing a growth of approximately 25.7%[97] - The cash outflow for investing activities is CNY 806,063,437.34, which is higher than CNY 502,843,354.24 in the previous period, indicating increased investment activity[100] - The total cash and cash equivalents at the end of the period is CNY 3,931,861,975.06, up from CNY 2,685,938,924.67 in the previous period, reflecting a positive cash position[102] Shareholder Information - The total number of shareholders at the end of the reporting period was 98,328[15] - The largest shareholder, Guangxi Liugong Group Co., Ltd., held 34.66% of the shares[15] Legal Matters - The company has not experienced any significant litigation during the reporting period, with ongoing cases from previous periods being monitored[31] - The company has been actively pursuing legal actions to recover debts from various clients and partners, indicating a focus on improving cash flow[33] - The company reported ongoing enforcement actions related to overdue payments, highlighting the importance of debt recovery in its financial strategy[36] Risk Management - The company established a risk management framework for derivative investments, including risk assessment, decision-making, and monitoring mechanisms[50] - The company conducted forward foreign exchange contracts primarily for hedging against exchange rate risks related to its main business[48] - The company has established a special working group responsible for risk assessment and management of forward foreign exchange transactions[50] Research and Development - Research and development expenses were ¥105,169,975.21, down from ¥160,252,061.71 in the same period last year[75] - Research and development expenses decreased to ¥27,010,622.60 from ¥37,214,986.98, suggesting a potential shift in investment strategy[81] - Research and development expenses decreased to ¥336,324,439.91 from ¥364,019,749.85, a reduction of 7.67%[87]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 10,130,931,805.27, representing a 3.86% increase compared to CNY 9,754,268,359.31 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 660,830,164.02, an increase of 10.92% from CNY 595,786,258.20 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 633,042,916.44, up 11.87% from CNY 565,853,624.45 in the previous year[18]. - The basic earnings per share decreased by 14.67% to CNY 0.4518 from CNY 0.5295 in the same period last year[18]. - The total profit for the same period was 834 million yuan, reflecting a year-on-year growth of 6.92%[55]. - The company's asset-liability ratio at the end of the reporting period was 62.95%, an increase of 1.47 percentage points from the beginning of the year[55]. - The company reported a significant increase in cash generated from operating activities, amounting to RMB 1,176,406,832.45, compared to a negative cash flow of RMB -369,804,712.84 in the previous year[71]. - The gross profit margin for the engineering machinery sector was 22.65%, with a slight increase of 0.43% from the previous year[75]. - The overseas sales revenue grew by 17.58% year-on-year, reaching RMB 1,746,931,191.95, while domestic sales revenue increased by 1.40% to RMB 8,384,000,613.32[75]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 28,032,916,406.93, a 6.95% increase from CNY 26,211,973,627.89 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 2.94% to CNY 9,920,814,812.76 from CNY 9,637,445,070.23 at the end of the previous year[18]. - The total assets at the end of the reporting period were RMB 28,000,000,000, with cash and cash equivalents amounting to RMB 4,389,989,190.99, representing 15.66% of total assets[78]. - Long-term borrowings increased by 37.75% to RMB 4,079,500,000.00, reflecting an increase in credit borrowings[73]. - The company’s derivative investment in forward foreign exchange contracts had an initial investment amount of RMB 27,452.8 million, with a year-end investment value of RMB 35,060.97 million, accounting for 3.53% of the company's net assets[86]. Research and Development - The company has established R&D and manufacturing bases in India, Poland, and Brazil, with sales covering over 140 countries and regions globally[28]. - The company has established a comprehensive R&D system with nearly 1,000 R&D personnel, including those with overseas backgrounds[45]. - The company has launched a new development strategy called "Liugong 2025 Strategic Plan" to accelerate its internationalization and intelligent transformation[55]. - The company applied for 95 patents in the first half of 2019, including 48 invention patents, and currently holds a total of 1,099 valid patents[60]. - The company emphasized the importance of innovation, with ongoing advancements in technology and product upgrades, particularly in loaders, excavators, and cranes[60]. Market Strategy and Operations - The company emphasizes innovation and global market strategy, enhancing its core competitiveness in the engineering machinery sector[41]. - The company is committed to enhancing its global operational capabilities through strategic alliances with high-end suppliers and channel partners[64]. - The company is focusing on increasing marketing resources in rapidly growing countries and regions to achieve higher business growth[102]. - The company has a strong focus on after-sales service and value-added services, supporting its "comprehensive solution" strategy[44]. - The company maintains a cautiously optimistic outlook for the engineering machinery market in the second half of 2019, expecting continued growth[101]. Legal and Compliance Issues - The company has faced litigation involving a total amount of 54.51 million yuan related to a financing lease contract[114]. - The company has also initiated legal proceedings for another financing lease contract involving 20.12 million yuan due to overdue rent payments[114]. - The company is awaiting court hearings for several lawsuits related to unpaid rent, indicating ongoing legal challenges[127]. - The company has no penalties or rectifications during the reporting period, indicating a stable compliance status[128]. - The company has established internal control systems for derivative investments to enhance risk management and compliance with legal regulations[91]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, with specific subsidiaries identified for water and air pollution[158]. - The company reported a total discharge of 4.34 tons of COD, which is below the regulatory limit of 500 mg/L[159]. - The company invested over 10 million CNY in VOCs treatment for four subsidiaries by the end of June 2019[165]. - The company allocated 125,200 CNY for poverty alleviation efforts in the first half of 2019, with 92,100 CNY for agricultural projects and 35,700 CNY for educational assistance[176]. - The company aims to achieve complete poverty alleviation in Fengmu Village by the end of 2019, with a focus on enhancing self-development capabilities[174]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 100,591[196]. - Guangxi Liugong Group Co., Ltd. holds 34.66% of shares, totaling 511,631,463 common shares[200]. - The top ten shareholders do not have any associated relationships among themselves[198]. - The company did not engage in any repurchase transactions during the reporting period[200]. - The company’s stock structure includes 99.99% unrestricted shares and 0.01% restricted shares[187].

证券代码：000528 证券简称：柳 工 公告编号：2019-30 广西柳工机械股份有限公司 关于参加投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，广西柳工机械股份有限公司（以下简称"公 司"）将参加由广西上市公司协会、上证所信息网络有限公司、深圳市全景网络有限公 司共同举办的"2019 年广西地区上市公司投资者网上集体接待日活动"，现将有关事 项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举行，投 资者可以登录"全景〃路演天下"网站（http://rs.p5w.net）或关注微信公众号：全 景网路演天下参与公司本次投资者集体接待日活动，活动时间为 2019 年 5 月 28 日 （星期二）14:00-17:00。 届时公司副总裁刘传捷女士和公司董秘黄华琳先生将通过网络在线问答互动的形 式，与投资者就公司治理、发展经营情况、融资情况和可持续发展等投资者关注的问 题进行交流。期间，公司高管将全程在线，通过全景网投资者关系互动平台实时回答 投资者的提问。 欢迎广大投资者 ...

Financial Performance - Revenue for Q1 2019 reached ¥4,865,422,931.42, an increase of 8.78% compared to ¥4,472,747,171.44 in the same period last year[11] - Net profit attributable to shareholders was ¥304,320,069.05, reflecting a growth of 5.08% from ¥289,597,325.31 year-over-year[11] - Basic earnings per share increased to ¥0.2080, up 5.05% from ¥0.1980 in the same quarter last year[11] - Net profit for the current period was ¥317,431,373.84, representing a 4.3% increase from ¥303,430,939.20 in the previous period[84] - Comprehensive income attributable to the parent company was ¥291,764,250.72, up from ¥268,446,581.80 in the previous period, indicating a growth of 8.7%[84] Cash Flow - Net cash flow from operating activities surged by 534.26% to ¥500,634,102.07, compared to ¥78,932,067.62 in the previous year[11] - The net cash flow from operating activities for the current period is approximately $500.63 million, a significant increase from $78.93 million in the previous period[95] - The net cash flow from investing activities for the current period is approximately -$61.17 million, compared to -$13.42 million in the previous period, indicating a worsening situation[98] - Cash inflow from operating activities for the current period is approximately $6.48 billion, an increase from $4.64 billion in the previous period[92] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥28,493,704,497.44, an increase of 8.70% from ¥26,211,973,627.89 at the end of the previous year[11] - Total liabilities increased to ¥18,259,351,747.32, up from ¥16,114,464,954.82, representing a growth of approximately 13.3% year-over-year[69] - Current liabilities totaled ¥13,321,733,789.97, compared to ¥12,137,796,729.16, indicating an increase of about 9.8%[69] - Total liabilities were CNY 8,389,475,678.46, with no change reported[115] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 99,938[16] - The largest shareholder, Guangxi Liugong Group Co., Ltd., held 34.71% of the shares[16] - The company has implemented a restricted stock incentive plan, which was approved by the State-owned Assets Supervision and Administration Commission and the shareholders' meeting[27] Legal Matters - The company is involved in ongoing litigation related to financing lease contracts, with claims amounting to ¥2,012,000 and ¥6,619,540 in two separate cases[30] - The company has outstanding rent payments of 66.1954 million yuan, leading to a lawsuit filed against the Beijing Third Intermediate People's Court[33] - The company has initiated legal proceedings for overdue payments totaling approximately 180 million yuan across various contracts[46] Operational Metrics - The accounts receivable increased by 37.29% to ¥5,348,172,712.11 from ¥3,895,486,052.66, indicating a rise in receivables[24] - Inventory levels rose to CNY 5.59 billion, compared to CNY 5.17 billion at the end of 2018, marking an increase of around 8.1%[64] - Research and development expenses rose to ¥95,173,749.34, up 16.3% from ¥81,773,463.83 in the previous period[81] Governance and Compliance - There were no violations regarding external guarantees or non-operating fund occupation by major shareholders during the reporting period, reflecting good governance practices[59][60] - The company has not engaged in any securities or derivative investments during the reporting period, indicating a conservative investment strategy[57][59]

Financial Performance - The company's operating revenue for 2018 was CNY 18,084,836,917.48, representing a 51.48% increase compared to CNY 11,264,212,253.35 in 2017[20] - The net profit attributable to shareholders for 2018 was CNY 790,142,263.72, a significant increase of 127.70% from CNY 322,930,042.48 in 2017[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 691,467,734.77, up 140.02% from CNY 263,264,853.21 in 2017[20] - The basic earnings per share for 2018 was CNY 0.5402, an increase of 127.74% compared to CNY 0.2870 in 2017[20] - Total profit reached 1.034 billion yuan, representing a year-on-year growth of 100.85%[57] - Net profit attributable to shareholders was 790 million yuan, up 127.70% year-on-year[57] Assets and Liabilities - The total assets at the end of 2018 were CNY 26,211,973,627.89, reflecting a 14.47% increase from CNY 21,658,051,740.01 at the end of 2017[20] - The asset-liability ratio was 61.48%, an increase of 5.16 percentage points from the beginning of the year[57] - Long-term borrowings increased significantly to ¥2,961,500,000.00, representing 11.30% of total assets, indicating increased leverage[113] Cash Flow - The net cash flow from operating activities for 2018 was CNY 633,885,595.34, a decrease of 39.36% from CNY 952,603,458.46 in 2017[20] - Operating cash inflow totaled ¥21,119,336,308.05, up 27.79%, while operating cash outflow increased by 32.32% to ¥20,485,450,712.71[109] Dividends and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.50 per 10 shares, pending approval at the annual shareholders' meeting[4] - The cash dividend amounted to 221,114,666.40 yuan, representing 27.98% of the net profit attributable to ordinary shareholders[150] - The company has a cash dividend policy that mandates at least 10% of the distributable profit to be distributed annually, and a cumulative distribution of at least 30% over the last three years[142] Research and Development - The company has developed a comprehensive product line including over ten types of machinery, enhancing its ability to provide complete solutions for customers[49] - The company has established a global R&D network with institutions in the UK, USA, Poland, and India, focusing on advanced technologies such as green manufacturing and autonomous driving[50] - The number of R&D personnel increased by 18.31% to 1,008, while R&D investment amounted to ¥559,493,293.70, a 46.34% increase[106] Market Performance - The overseas sales revenue increased by 30% year-on-year, with excavator overseas sales growing by 37%[67] - The company's sales volume in India increased by 50% year-on-year, with local manufacturing achieving a localization rate of nearly 50%[68] - The company's market share for loaders increased by 2.3 percentage points, while excavator sales volume grew by 78%[61] Legal Matters - The company has initiated legal proceedings against Henan Fengtai Agricultural Development Co., Ltd. for overdue rental payments amounting to ¥54.51 million, with a court ruling requiring payment of ¥50.74 million in rent and ¥9.12 million in penalties[172] - A lawsuit was filed against Wuhan Piaopiao Food Development Co., Ltd. for overdue rental payments totaling ¥20.12 million, with the court ruling that the company must pay ¥19.90 million in rent and ¥1.41 million in penalties[172] Strategic Initiatives - The company aims to enhance its market competitiveness through investments in new product development, IoT, and big data analytics[34] - The company will implement a "three-full strategy" aimed at comprehensive internationalization, intelligence, and solution provision by 2025[129] - The company is focusing on smart manufacturing and services, aiming to integrate industrialization and information technology[131] Acquisitions and Investments - The company acquired 51% of Shanghai Jintai Engineering Machinery Co., Ltd. and 100% of Inner Mongolia Ruicheng Liugong Machinery Equipment Co., Ltd. during the reporting period[92] - The acquisition of 51% equity in Shanghai Jintai Engineering Machinery Co., Ltd. was completed for a transfer price of 546.05 million yuan, which aligns with the assessed value of 546.05 million yuan[199] Risk Management - The company reported that its overall business risk is under control, with effective risk management processes in place[44] - The company has identified trade protection measures as a risk factor and is exploring the feasibility of manufacturing in key markets to mitigate this risk[134]

Financial Performance - Operating revenue for the reporting period was ¥3.71 billion, representing a year-on-year growth of 31.96%[9] - Net profit attributable to shareholders was ¥119.35 million, a significant increase of 173.17% compared to the same period last year[9] - The basic earnings per share for the reporting period was ¥0.1061, up 173.45% year-on-year[9] - The weighted average return on net assets was 1.29%, an increase of 0.45 percentage points compared to the previous year[9] - The company reported a net profit of ¥91.01 million after deducting non-recurring gains and losses, an increase of 164.22% year-on-year[9] - The total operating revenue for the third quarter was CNY 3,711,411,057.60, an increase of 32.0% compared to CNY 2,812,594,870.23 in the same period last year[50] - The total operating costs amounted to CNY 3,595,971,904.37, up 31.6% from CNY 2,730,485,809.57 year-on-year[50] - The net profit for Q3 2018 reached CNY 127,509,540.81, significantly up from CNY 50,654,747.35 in Q3 2017, representing a growth of 151.5%[52] - The total profit for Q3 2018 was CNY 163,539,436.21, compared to CNY 101,181,667.77 in the previous year, marking a growth of 61.5%[1] - The company's total profit for Q3 2018 was CNY 943,746,782.15, a rise of 114.0% compared to CNY 438,451,712.11 in the previous year[60] Assets and Liabilities - Total assets at the end of the reporting period reached ¥24.40 billion, an increase of 6.56% compared to the end of the previous year[9] - The total assets reached CNY 16,876,156,033.23, compared to CNY 16,019,013,810.12 at the beginning of the period, indicating an increase of 5.4%[47] - The total liabilities increased to CNY 14,379,486,169.94 from CNY 12,895,790,704.00, reflecting a growth of 11.5%[45] - Long-term borrowings increased by 169.20% to ¥2,692,000,000.00, up from ¥1,000,000,000.00, indicating a significant rise in financing activities[21] - Short-term borrowings decreased to CNY 3,161,323,715.44 from CNY 3,470,791,927.14, a reduction of approximately 8.9%[43] - Long-term borrowings also rose to CNY 1,499,000,000.00 from CNY 600,000,000.00, an increase of 149.8%[48] Cash Flow - Cash flow from operating activities showed a net outflow of ¥522.69 million, a decline of 147.04% compared to the same period last year[9] - The net cash flow from operating activities was negative at -¥522,688,942.98, a significant decline from ¥1,111,074,685.95 in the previous year, impacted by the use of self-owned funds for leasing operations[23] - The net cash flow from investing activities improved to ¥136,208,882.24, compared to -¥419,666,286.11 in the same period last year, due to cash flow adjustments from mergers under common control[23] - The net cash flow from operating activities for Q3 2018 was -522,688,942.98 CNY, a decrease from 1,111,074,685.95 CNY in Q3 2017[67] - Total cash inflow from operating activities was 16,476,672,871.96 CNY, compared to 11,710,524,679.76 CNY in the previous year, marking an increase of approximately 40%[67] - Cash outflow from operating activities increased to 16,999,361,814.94 CNY from 10,599,449,993.81 CNY, representing a rise of about 60%[67] Shareholder Information - The total number of shareholders at the end of the reporting period was 87,889[13] - The largest shareholder, Guangxi Liugong Group Co., Ltd., held 34.98% of the shares, totaling 393,562,664 shares[13] Research and Development - Research and development expenses increased by 62.73% to ¥364,019,749.85, up from ¥223,689,562.77, due to the expansion of R&D projects[21] - Research and development expenses increased to CNY 160,252,061.71 in Q3 2018, up from CNY 90,100,423.68 in Q3 2017, indicating a focus on innovation[1] - Research and development expenses increased to CNY 364,019,749.85, up 63.0% from CNY 223,689,562.77 year-over-year[60] Financial Management and Compliance - The company did not engage in any repurchase transactions during the reporting period[15] - There were no overdue commitments from actual controllers, shareholders, related parties, acquirers, or other related parties during the reporting period[30] - The company did not engage in any securities investments during the reporting period[31] - There were no entrusted financial management activities reported during the period[32] - The company has no ongoing litigation situations[34] - The company reported no violations regarding external guarantees during the reporting period[38] - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[39] Investment Income - Investment income rose significantly by 377.21% to ¥65,218,580.51, up from ¥13,666,628.37, mainly from increased profits of joint ventures[22] - The investment income from joint ventures and associates increased to CNY 10,981,858.86 in Q3 2018, compared to CNY 4,247,402.43 in Q3 2017, indicating stronger performance in this area[1] Other Financial Metrics - Other comprehensive income showed a negative balance of -¥104,555,314.15, worsening from -¥77,975,803.81, primarily due to exchange rate fluctuations[21] - The company's cash and cash equivalents decreased to CNY 2,920,770,931.63 from CNY 3,952,440,583.15, representing a decline of approximately 26.1%[42] - Accounts receivable increased to CNY 3,645,110,382.06 from CNY 3,282,334,153.26, reflecting a growth of about 11.0%[42] - Inventory rose to CNY 4,918,440,525.81 from CNY 4,198,245,792.06, indicating an increase of approximately 17.2%[42] - The company's derivative financial assets' fair value at the end of the reporting period was CNY 20,602,100.00[41] - The company has established internal control systems for derivative investments, enhancing risk management capabilities[36] - The company is focused on risk assessment and management for its foreign exchange derivative transactions to mitigate potential losses[41]

Financial Performance - The company's operating revenue for the first half of 2018 was approximately ¥9.75 billion, representing a 65.55% increase compared to the same period last year[16]. - The net profit attributable to shareholders was approximately ¥595.79 million, a significant increase of 129.52% year-over-year[16]. - The basic earnings per share rose to ¥0.5295, reflecting a 129.52% increase compared to the previous year[16]. - Total assets at the end of the reporting period were approximately ¥24.78 billion, an increase of 8.23% from the end of the previous year[16]. - The net assets attributable to shareholders decreased by 1.55% to approximately ¥9.44 billion compared to the previous year[16]. - The company reported a net cash flow from operating activities of approximately -¥369.80 million, indicating a significant change from the previous year's positive cash flow[16]. - The company achieved operating revenue of 9.75 billion yuan, a year-on-year increase of 65.55%[53]. - Total profit reached 780 million yuan, reflecting a growth of 131.33% compared to the same period last year[53]. - Net profit attributable to the parent company was 596 million yuan, marking a 129.52% increase year-on-year[53]. - The gross profit margin for the engineering machinery sector was 22.22%, a slight decrease of 0.27% year-on-year[57]. - The company's financial expenses surged by 276.94% to ¥78,443,956.32, primarily due to increased exchange losses[57]. - Investment income increased significantly by 1,230.23% to ¥54,502,547.68, mainly from profits of joint ventures[59]. - Cash flow from operating activities showed a negative net flow of ¥369,804,712.84, a significant decline from a positive flow of ¥862,581,904.14 in the previous year[57]. Business Operations - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[6]. - The company has not disclosed any significant new product developments or technological advancements during the reporting period[21]. - There were no significant mergers or acquisitions reported in the first half of 2018[21]. - The company emphasizes the importance of risk awareness in its forward-looking statements regarding future plans[5]. - The company's financing leasing sales amounted to approximately RMB 4,099.13 million, accounting for 42.02% of the total revenue for the first half of 2018[27]. - The directed acceptance warehouse sales reached approximately RMB 649.51 million, representing 6.66% of the total revenue for the first half of 2018[28]. - The company has established R&D and manufacturing bases in India, Poland, and Brazil, with sales covering over 140 countries and regions globally[26]. - The company is a leading player in the domestic earthmoving machinery sector and is recognized as one of the most advanced companies in the internationalization of the Chinese engineering machinery industry[25]. - The company has seen a trend of increasing market concentration, with leading enterprises gaining advantages in market response and supply chain management[24]. - The company’s products are increasingly recognized in high-end markets, driven by improvements in technology and service capabilities[24]. - The company’s financing leasing model includes both internal and external leasing arrangements, enhancing its sales and revenue generation capabilities[27]. - The company has established a comprehensive product line, including over ten types of machinery, which supports its "comprehensive solution" development strategy[37]. Research and Development - The company has invested significantly in R&D, establishing multiple research institutions globally, including in the UK, USA, Poland, and India[38]. - The company has formed joint ventures with ZF in Germany and Cummins in the USA to enhance its technology and product quality in transmission systems and diesel engines[39]. - The company applied for 89 patents in the first half of 2018, including 49 invention patents, and obtained 128 authorized patents, with 25 being invention patents[46]. - The company focused on the development of new products and technologies, enhancing the R&D process through the LDP (Liugong New Product Development) framework[46]. Market Outlook - The company maintains a cautiously optimistic outlook for the engineering machinery market in the second half of 2018, anticipating continued growth[73]. - Key risks include fluctuations in the engineering machinery market and raw material prices, with strategies in place for resource allocation and supply chain management[74]. - The company plans to monitor global macroeconomic policies closely, particularly those from the US, to mitigate potential impacts on its operations[74]. - The company is actively participating in the "Belt and Road" initiative, driving business growth in related countries[48]. - The company has set a performance guidance of CNY 14 billion in revenue for the full year 2018, with a projected growth rate of 18%[88]. Legal and Compliance - The company reported an audit fee of 600,000 RMB for the domestic accounting firm for the semi-annual financial report[81]. - There were no significant litigation or arbitration matters during the reporting period[82]. - The company did not experience any bankruptcy reorganization-related matters during the reporting period[81]. - The company has not changed its accounting firm compared to the 2017 annual report[81]. - The company has no major lawsuits or arbitration cases pending[82]. - The company has not disclosed any new product or technology developments in this report[84]. - There are no indications of market expansion or mergers and acquisitions in the current report[84]. - The company has not provided any future performance guidance or outlook in this report[84]. Environmental and Social Responsibility - The company has no significant environmental protection issues reported during the period[121]. - The company achieved compliance with pollution discharge standards across various pollutants, including COD and ammonia nitrogen[121]. - The company invested CNY 23.5 million in building 10 wastewater treatment stations, achieving stable compliance with national Class I discharge standards for COD and other pollutants[123]. - The company has implemented a poverty alleviation plan, aiming to help 509 individuals from 117 households achieve poverty alleviation by the end of 2018[130]. - A total of CNY 300,000 was allocated for poverty alleviation efforts, including the provision of a CLG915D excavator for use in impoverished villages[132]. - The company has helped 400 registered impoverished households achieve employment through its initiatives[138]. - The company has established an emergency response plan for environmental incidents, enhancing its ability to prevent and respond to potential pollution events[127]. Shareholder Information - The total number of shares before the change was 1,125,242,136, with 99.99% being unrestricted shares[147]. - The largest shareholder, Guangxi Liugong Group Co., Ltd., holds 34.98% of the total shares, amounting to 393,562,664 shares[153]. - The total number of ordinary shareholders at the end of the reporting period was 79,097[153]. - The company reported no changes in the number of shares held by state-owned legal entities[148]. - The report indicates that there are no related party transactions among the top ten shareholders[154]. - The company has complied with relevant regulations regarding the changes in shareholding[148]. Debt and Guarantees - The total amount of external guarantees approved during the reporting period was CNY 601,858.85 million, with actual guarantees amounting to CNY 5,969.82 million[118]. - The company provided guarantees to subsidiaries totaling CNY 595,858.85 million, with actual guarantees during the reporting period amounting to CNY 6,845.41 million[118]. - The company has no record of any violations regarding external guarantees during the reporting period[119].

Financial Performance - The company's operating revenue for the first half of 2018 was approximately ¥9.75 billion, representing a 65.55% increase compared to the same period last year[16]. - Net profit attributable to shareholders was approximately ¥586 million, a significant increase of 126.33% year-on-year[16]. - The basic earnings per share reached ¥0.5207, up 126.29% from ¥0.2165 in the previous year[16]. - Total assets at the end of the reporting period were approximately ¥24.77 billion, an increase of 8.17% compared to the end of the previous year[16]. - The net asset attributable to shareholders was approximately ¥9.42 billion, showing a slight decrease of 1.78% from the previous year[16]. - The company reported a net cash flow from operating activities of approximately -¥370 million, indicating a significant change from the previous year's positive cash flow[16]. - The company achieved operating revenue of 9.754 billion yuan, a year-on-year increase of 65.55%[45]. - Total profit reached 772 million yuan, up 124.36% compared to the same period last year[45]. - The company reported a total of ¥382,648,205.31 in notes receivable at the end of the reporting period, slightly down from ¥383,147,415.97 at the beginning[172]. - The total operating revenue for the first half of 2018 reached CNY 9,754,268,359.31, a significant increase of 65.5% compared to CNY 5,892,208,913.06 in the same period last year[181]. Cash Flow and Investments - The net cash flow from operating activities was -¥369,804,712.84, a significant decrease from ¥862,581,904.14 in the previous year, impacted by the company's use of its own funds for leasing operations[53]. - Investment income surged to ¥53,176,657.27, a remarkable increase of 1,197.87% from ¥4,097,227.69, mainly due to higher profits from joint ventures[58]. - The cash flow from operating activities showed a net outflow of CNY -369,804,712.84, a significant decrease compared to a net inflow of CNY 862,581,904.14 in the same period last year[189]. - Cash inflows from operating activities totaled ¥4,349,607,000.74, up from ¥2,775,581,275.55, representing a growth of approximately 56.7%[192]. - The net cash flow from investing activities was negative at ¥1,061,025,646.24, worsening from a negative ¥455,681,712.07 in the previous period[193]. Market and Industry Position - The company operates in the engineering machinery industry, which is closely related to fixed asset investment in a country or region, showing a strong correlation with infrastructure development[23]. - The engineering machinery industry in China has seen a significant recovery since the second half of 2016, driven by infrastructure investment and product upgrades[23]. - The company is a leading player in the domestic earth-moving machinery sector and is recognized as one of the most advanced companies in the internationalization of the engineering machinery industry[25]. - The company has expanded its product range to include loaders, excavators, cranes, and other machinery, with sales covering over 140 countries and regions globally[25]. - The company focused on key international markets, with major product lines such as loaders and excavators showing year-on-year growth exceeding industry levels[47]. Research and Development - The company’s R&D center is the only "National Earth-moving Machinery Engineering Technology Research Center" in China, playing a crucial role in technology development and industry standards[25]. - The company has established a comprehensive R&D system with nearly 1,000 R&D personnel and multiple research institutions globally, enhancing its product development capabilities[36]. - The company applied for 89 patents in the first half of 2018, including 49 invention patents, and obtained 128 authorized patents, with 25 being invention patents[46]. Risk Management and Compliance - The company emphasizes the importance of investment risk awareness in its forward-looking statements[5]. - The company emphasizes risk control through effective credit evaluation and management processes for dealers and end customers[30]. - The company has established a risk grading control mechanism and improved its HSE management system[48]. - The company is committed to ensuring compliance with contractual obligations and pursuing all available remedies for recovery of debts[87]. Legal Matters and Litigation - The company is actively managing litigation risks associated with its leasing contracts, which may impact future cash flows and financial stability[87]. - The company has initiated legal proceedings against Henan Fengtai for overdue payments, with a court ruling expected to enforce payment of 9,124,325.94 CNY in overdue rent and penalties[87]. - Liugong Company has initiated legal proceedings against Jiangsu Jianchen due to multiple failed payment attempts[91]. - The company has reported significant overdue payments from Jiangsu Jianchen, indicating ongoing financial disputes[91]. Corporate Governance and Shareholder Information - The largest shareholder, Guangxi Liugong Group Co., Ltd., holds 34.98% of the shares, totaling 393,562,664[156]. - The company has not engaged in any securities or derivative investments during the reporting period[68][69]. - The company has not issued any preferred shares during the reporting period[164]. - The company has not reported any significant external guarantees for subsidiaries during the reporting period[118]. Social Responsibility and Environmental Initiatives - The company allocated CNY 300,000 for poverty alleviation efforts, aiming to help 509 individuals from 117 households achieve poverty alleviation by the end of 2018[136]. - The company has a 100% reliability rate for environmental protection equipment, with no pollution incidents reported during the reporting period[127]. - The company has established an emergency response plan for potential environmental incidents, enhancing its prevention and response capabilities[130]. - The company has committed to providing job opportunities to residents of poverty-stricken villages, with 400 individuals achieving employment through its initiatives[141].

Financial Performance - The company's operating revenue for Q1 2018 was ¥4,472,747,171.44, representing a 70.75% increase compared to ¥2,619,395,123.47 in the same period last year[8] - Net profit attributable to shareholders was ¥289,597,325.31, a significant increase of 143.38% from ¥118,990,436.73 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥279,912,150.99, reflecting a 152.16% increase compared to ¥111,007,277.51 in the same period last year[8] - The basic earnings per share (EPS) was ¥0.2574, up 143.52% from ¥0.1057 in the previous year[8] - The company reported a net profit of CNY 4.14 billion, up from CNY 3.85 billion, indicating a growth of about 7.5%[42] - The total operating revenue for the first quarter of 2018 was CNY 4,472,747,171.44, a significant increase of 70.8% compared to CNY 2,619,395,123.47 in the same period last year[48] - The total operating costs amounted to CNY 4,127,031,089.83, up 66.3% from CNY 2,484,080,615.38 year-over-year[48] - The earnings per share (EPS) for the first quarter was CNY 0.2574, compared to CNY 0.1057 in the same quarter last year, reflecting a growth of 143.5%[50] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥24,425,803,008.91, an increase of 6.67% from ¥22,899,327,925.89 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 2.85% to ¥9,312,792,433.41 from ¥9,586,156,956.36 at the end of the previous year[8] - Current liabilities rose to CNY 12.11 billion, compared to CNY 11.15 billion, reflecting an increase of about 8.58%[40] - Long-term borrowings increased significantly to CNY 1.76 billion from CNY 1.00 billion, marking a 76% increase[40] - The total liabilities increased to CNY 14.68 billion from CNY 12.90 billion, representing an increase of approximately 13.9%[40] - The company's equity attributable to shareholders decreased to CNY 9.31 billion from CNY 9.59 billion, a decline of about 2.9%[42] Cash Flow - The net cash flow from operating activities was ¥78,932,067.62, a decrease of 83.73% compared to ¥485,140,856.81 in the same period last year[8] - The cash inflow from operating activities totaled CNY 4,640,639,354.18, an increase of 48.5% compared to CNY 3,125,191,998.07 in the previous period[56] - The cash outflow from investing activities was CNY 701,580,701.09, up from CNY 387,569,773.31 in the previous period, resulting in a net cash flow from investing activities of -CNY 544,465,047.60[57] - Cash inflow from financing activities was CNY 1,025,046,792.72, significantly higher than CNY 143,548,000.00 in the previous period[57] - The net cash flow from financing activities was CNY 643,122,438.60, a turnaround from -CNY 1,833,190,929.60 in the prior period[57] - The total cash and cash equivalents at the end of the period reached CNY 4,017,644,361.80, compared to CNY 3,296,216,875.45 at the end of the previous period[57] Investments and Expenses - Investment activities generated a net cash outflow of CNY 544.47 million, reflecting the acquisition of a subsidiary[19] - Financial expenses surged by 142.54% to CNY 29.09 million, attributed to increased exchange losses[18] - Tax expenses increased by 182.69% to CNY 81.77 million, correlating with profit growth[18] - The sales expenses for the quarter were CNY 341,515,606.56, which is a 53.0% increase compared to CNY 223,429,245.42 last year[49] - The management expenses rose to CNY 225,772,284.10, up 37.9% from CNY 163,752,947.40 year-over-year[49] Shareholder Information - The company had a total of 1,125,242,136 shares outstanding as of the last trading day before the report disclosure[9] - The largest shareholder, Guangxi Liugong Group Co., Ltd., held 34.98% of the shares, totaling 393,562,664 shares[13] Operational Highlights - Accounts receivable increased by 34.54% to CNY 3.90 billion due to rising sales volume[18] - Inventory at the end of the reporting period was approximately 4.373 billion yuan, up from 4.198 billion yuan, reflecting increased stock levels[38] - The total current assets reached approximately 16.681 billion yuan, compared to 15.095 billion yuan at the beginning of the period, showing growth in liquidity[38] - The company acquired a 51% stake in Shanghai Jintai Engineering Machinery Co., Ltd. through a business combination in January 2018[19] Future Outlook - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[41] - The company has not provided any specific guidance for future performance or market expansion strategies in this report[30]

Financial Performance - The company's operating revenue for 2017 was CNY 11,264,212,253.35, representing a 60.79% increase compared to CNY 7,005,395,363.84 in 2016[15]. - The net profit attributable to shareholders for 2017 was CNY 322,930,042.48, a significant increase of 555.56% from CNY 49,260,116.04 in 2016[15]. - Basic earnings per share for 2017 were CNY 0.2870, up 555.25% from CNY 0.0438 in 2016[15]. - The total assets at the end of 2017 were CNY 21,658,051,740.01, an increase of 5.22% from CNY 20,584,101,198.17 at the end of 2016[15]. - The company reported a weighted average return on equity of 3.60% for 2017, compared to 0.56% in 2016[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 263,264,853.21, a recovery from a loss of CNY 107,861,151.79 in 2016[15]. - Total profit reached 458 million yuan, reflecting a year-on-year growth of 287.74%[47]. - The company reported a net profit of 275,090,794.86 yuan for 2017, with a total distributable profit of 3,548,287,174.10 yuan after adjustments[117]. Cash Flow and Investments - The net cash flow from operating activities decreased by 30.88% to CNY 952,603,458.46 from CNY 1,378,185,787.51 in the previous year[15]. - The net cash flow from investing activities significantly worsened, with a net outflow of ¥345,594,822.30, a 7,312.26% increase in losses compared to a net outflow of ¥4,662,474.46 in the previous year[92]. - The net cash flow from financing activities also declined, with a net outflow of ¥1,512,463,498.07, representing a 57.42% increase in outflows due to the repayment of maturing bonds and loans[92]. - Cash and cash equivalents at the end of 2017 were ¥3,856,361,926.60, accounting for 17.81% of total assets, down from 22.90% in 2016[96]. - The company's total investment during the reporting period was ¥501,464,398.65, a 47.49% increase from ¥340,008,800.00 in the previous year, primarily for purchasing principal-protected financial products[99]. Business Operations and Market Position - The company maintained its main business and product lines without significant changes during the reporting period[13]. - The company operates in the engineering machinery industry, which is closely tied to fixed asset investment and has shown signs of recovery in 2017 after a period of decline[26]. - The company has expanded its main business to include various types of engineering machinery and components, with sales covering over 140 countries and regions globally[30]. - The company is recognized as a leading enterprise in the domestic earth-moving machinery sector and has a strong international business development presence[28]. - The company’s main business model includes research, production, sales, and service of engineering machinery products, with a focus on customer service and value-added services[30]. - The engineering machinery market in China is experiencing a recovery phase, with increasing competition and a trend towards higher-end market segments[27]. Research and Development - The company has invested significantly in R&D, establishing multiple research institutions globally, including in the UK, US, Poland, and India[40]. - The company launched 26 new and upgraded products for overseas markets in 2017[50]. - The company completed the launch of 38 new products across various product lines in 2017[53]. - Research and development (R&D) investment increased by 31.87% to 382,320,388.05 CNY, representing 3.39% of total revenue[88]. - The number of R&D personnel increased by 6.77% to 852, representing 10.12% of the total workforce[88]. - The company filed 248 patent applications in 2017, with 202 patents granted, including 98 invention patents[87]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of CNY 1.50 per 10 shares, subject to approval at the annual shareholders' meeting[4]. - The company has a cash dividend policy that mandates at least 10% of the distributable profit to be distributed as cash dividends each year[115]. - The company has been consistently distributing cash dividends since 2001, with the payout ratio being among the highest in the engineering machinery industry[115]. - The company reported a total distributable profit of CNY 3,435,762,960.50 for the year 2017, with cash dividends accounting for 100% of the profit distribution[121]. - The company’s wholly-owned subsidiary, Liuzhou Liugong Excavator Co., Ltd., paid a cash dividend of CNY 200 million to the parent company in May 2017[120]. Legal and Compliance Matters - The company has not proposed a cash dividend distribution plan for the reporting period despite having positive distributable profits[121]. - The company has implemented changes in accounting policies due to the new enterprise accounting standards effective from May 28, 2017, and June 12, 2017[126]. - The company reported no significant accounting errors that required retrospective restatement during the reporting period[127]. - There are no significant lawsuits or arbitration matters affecting the company during the reporting period[131]. - The company has no bankruptcy reorganization matters during the reporting period[131]. Environmental and Social Responsibility - The company achieved a 100% compliance rate in environmental protection equipment operation, with 156 sets inspected and no pollution incidents reported in 2017[175]. - The company has implemented a real-time monitoring system for chromium emissions at its wastewater treatment facility, ensuring immediate response to any exceedances[175]. - The company invested approximately 150,000 RMB in a zero discharge project for chromium-containing wastewater treatment, utilizing a combination of electrochemical methods, ultrafiltration, and reverse osmosis technology[175]. - In 2017, the company provided 63.71 million RMB in funds and 2.28 million RMB in material donations to support poverty alleviation efforts, helping 267 registered impoverished individuals escape poverty[169]. - The company has established a comprehensive emergency response plan for environmental pollution incidents, which has been reviewed and approved by local environmental authorities[178].