Financial Performance - The company's operating revenue for the reporting period was CNY 1,339,876,201.72, a decrease of 16.14% compared to the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 34,303,430.49, down 13.95% year-on-year[18]. - The net cash flow from operating activities was negative at CNY -30,355,787.85, compared to a positive CNY 86,671,315.58 in the same period last year[18]. - Basic earnings per share decreased by 14.29% to CNY 0.06 from CNY 0.07 in the previous year[18]. - Revenue for the reporting period was CNY 1,339,876,201.72, down 16.14% year-on-year[29]. - The net profit attributable to shareholders was CNY 34,303,400, a decline of 13.95% compared to the previous year[27]. - The company reported a net profit of 35,150,085, a decrease from the previous period, reflecting challenges in maintaining profitability[95]. - The net profit for the first half of 2014 was CNY 37,969,091.50, reflecting a decrease of CNY 100,094.70 compared to the previous period[103]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,010,826,659.91, a decrease of 1.04% from the end of the previous year[18]. - The total equity of the company increased to CNY 1,852,271,275.80, up 1.27% from CNY 1,826,059,156.60[76]. - Total liabilities decreased to CNY 1,158,555,384.11, a reduction of 4.76% from CNY 1,216,290,164.03[76]. - The total equity at the end of the current period was CNY 1,782,973,000, down from CNY 1,793,218,000 at the end of the previous year, indicating a decline of CNY 10,245,000[102]. Cash Flow - Cash and cash equivalents decreased to CNY 551,913,952.63, a decline of 19.73% from CNY 688,297,469.30[74]. - The net cash flow from operating activities was -33,988,629.88, a decrease from 87,984,072.38 in the previous period, indicating a significant decline in operational performance[91]. - Cash flow from financing activities resulted in a net outflow of -8,420,614.89, compared to -180,422.71 in the previous period, reflecting higher dividend distributions[92]. Sales and Market Position - The company sold a total of 537,900 diesel engines and generator sets in the first half of 2014, a decrease of 18% compared to the same period last year[27]. - The sales of single-cylinder diesel engines reached 459,100 units, down 19.63% year-on-year, while multi-cylinder diesel engines sold 73,100 units, a decrease of 16.36%[27]. - The company maintained the leading position in the single-cylinder diesel engine market despite a decline in sales volume[27]. Research and Development - Research and development investment was CNY 35,653,949.24, a decrease of 21.74% compared to the previous year[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,476[62]. - The largest shareholder, Changzhou Municipal Government State-owned Assets Supervision and Administration Commission, holds 30.02% of shares, totaling 168,497,736[62]. - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. Accounting and Compliance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the accuracy and completeness of its financial reporting[108]. - The company has not reported any significant changes in accounting policies or estimates during the reporting period[107]. - The company recognizes foreign currency transactions at the market exchange rate published by the People's Bank of China on the transaction date[116]. Bad Debts and Receivables - The total accounts receivable at the end of the period was RMB 711,894,414.37, with a bad debt provision of RMB 206,372,402.56, indicating a provision ratio of approximately 28.99%[179]. - The company has recognized 100% bad debt provision for several receivables, including CNY 377,033.06 from Jiehua Electromechanical Anhui Co., CNY 205,095.61 from Wuxi Oil Tank Factory, and CNY 1,325,533.46 from other sources, due to recovery difficulties[188]. Inventory Management - Inventory at the end of the period totals CNY 478,066,067.80, with a provision for inventory depreciation amounting to CNY 38,883,277.81[197]. - The company adopts the weighted average method for inventory valuation[129].

常柴股份有限公司 2014 年第一季度报告正文 证券代码：000570、200570 证券简称：苏常柴 A、苏常柴 B 公告编号：2014-007 常柴股份有限公司 2014 年第一季度报告正文 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人薛国俊、主管会计工作负责人何建光及会计机构负责人(会计主 管人员)蒋鹤声明：保证季度报告中财务报表的真实、准确、完整。 1 2 常柴股份有限公司 2014 年第一季度报告正文 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 742,596,945.82 | 814,251,387.30 | -8.8% | | 归属于上市公司股东的净 ...

Financial Performance - The company's operating revenue for 2013 was CNY 2,927,593,052.78, a decrease of 0.95% compared to CNY 2,955,536,089.13 in 2012[20] - Net profit attributable to shareholders increased by 36.58% to CNY 75,712,361.04 from CNY 55,434,031.99 in the previous year[20] - The net profit after deducting non-recurring gains and losses rose by 90.15% to CNY 71,950,142.51, compared to CNY 37,838,390.21 in 2012[20] - The basic earnings per share increased by 30.00% to CNY 0.13 from CNY 0.10 in 2012[20] - The total sales revenue for 2013 was CNY 2,927,593,052.78, a decline of 0.95% compared to the previous year, while net profit attributable to shareholders increased by 36.58% to CNY 75,712,400[28][31] - The company's gross profit margin improved, leading to a significant profit increase despite stable sales revenue and raw material prices[29] - The company's net profit for the year was not explicitly stated in the provided documents, but the overall financial health indicates a focus on maintaining liquidity and managing liabilities effectively[126] - The company reported a comprehensive loss of CNY 24,320,237.05, compared to a comprehensive income of CNY 111,981,454.83 in the previous year[137] - The net profit for the current period was 55,434,000 CNY, compared to a net profit of 82,553,590 CNY in the previous year, indicating a decline of approximately 32.8%[150] Assets and Liabilities - The total assets at the end of 2013 were CNY 3,042,349,320.63, a decrease of 2.38% from CNY 3,116,489,064.01 at the end of 2012[20] - The total liabilities decreased from CNY 1,255,152,481.04 to CNY 1,216,290,164.03, representing a reduction of about 3.10%[131] - The total equity attributable to shareholders decreased from CNY 1,845,193,200.65 to CNY 1,809,577,062.45, a decline of approximately 1.93%[131] - Cash and cash equivalents at the end of 2013 were CNY 688,297,469.30, down from CNY 744,494,588.07 at the beginning of the year, indicating a decrease of about 7.55%[129] - The company's short-term borrowings increased from CNY 20,000,000.00 to CNY 30,000,000.00, marking a rise of 50%[130] Cash Flow - The net cash flow from operating activities was CNY 31,406,848.48, a significant decrease of 89.71% compared to CNY 305,344,709.73 in the previous year[20] - The operating cash flow for the year was CNY 31,406,848.48, a significant decrease of 89.71% compared to the previous year[32] - The company's cash and cash equivalents decreased by CNY 26,122,607.09, contrasting with an increase of CNY 166,711,780.07 in the previous year[39] - The cash inflow from financing activities totaled 60,250,000.00, while cash outflow was 66,514,667.28, leading to a net cash flow of -6,264,667.28[141] Research and Development - Research and development expenses rose by 13.72% to CNY 127,377,520.56, reflecting the company's commitment to innovation[31] - The company's R&D expenditure for the year was CNY 127,377,520.56, accounting for 4.35% of total revenue[37] - The company emphasizes the need for innovation in product development, particularly in high-end multi-cylinder diesel engines and non-road diesel engines[60] Market and Sales - In 2013, the company sold a total of 1,163,039 diesel engines and generator sets, a decrease of 0.47% year-on-year, with single-cylinder diesel engine sales at 1,009,800 units, up 0.32%[28] - The company maintained a market share increase in single-cylinder engines while expanding its presence in non-road applications for multi-cylinder engines[29] - The company achieved an export revenue of USD 45.36 million from 115,700 units of engines and sets sold abroad[28] Dividend and Shareholder Information - The company plans to distribute a cash dividend of CNY 0.15 per 10 shares to shareholders[6] - The cash dividend accounted for 11.12% of the net profit attributable to shareholders in the consolidated financial statements for 2013, which was 75,712,361.04 CNY[66] - The company has maintained a consistent cash dividend policy, with the total cash dividends distributed over the past three years being 33,682,459.56 CNY[66] - The total number of shareholders at the end of the reporting period was 81,013, an increase from 66,831 five trading days prior[76] Governance and Management - The company has established a comprehensive governance structure, including a shareholders' meeting, board of directors, and supervisory board[159] - The company has a total of 12 board members and supervisors, all of whom are currently serving and have not made any share transactions during the reporting period[81] - The management team consists of experienced professionals with backgrounds in government and industry, enhancing the company's strategic direction[82] - The company has established a comprehensive internal control system to ensure compliance with laws and regulations, enhancing governance and operational efficiency[99] Compliance and Audit - The audit committee reviewed the 2013 financial statements and concluded that they fairly represent the company's financial position as of December 31, 2013, and the results of operations and cash flows for the year[105] - The audit committee recommended the reappointment of Jiangsu Gongzheng Tianye Accounting Firm as the auditor for the 2014 fiscal year[106] - The company has not experienced any major accounting errors or omissions during the reporting period[120] Employee and Training - The company employed a total of 3,168 staff members as of the end of 2013, with 2,290 in production, 224 in sales, 149 in technology, 35 in finance, and 330 in administration[91] - The company has a strong focus on employee training, aiming to cultivate a high-quality talent pool through various training programs[95] Risk Management - The company is facing market risks due to intense competition and a declining demand trend in the single-cylinder engine market[60] - The company continues to focus on risk preparation, with a general risk reserve of 384,331,790 at the end of the period[155]