Financial Performance - The company's operating revenue for 2018 was ¥5,047,154,941.36, a decrease of 47.88% compared to ¥9,683,194,932.86 in 2017[17] - The net profit attributable to shareholders was -¥1,637,180,342.11, worsening from -¥994,359,087.45 in the previous year[17] - The net cash flow from operating activities was ¥488,976,700.62, a significant improvement from -¥1,808,387,111.83 in 2017[17] - Total assets at the end of 2018 were ¥11,458,328,766.97, down 27.45% from ¥15,792,936,671.22 in 2017[17] - The net assets attributable to shareholders decreased by 25.43% to ¥4,884,214,692.63 from ¥6,549,524,650.29 in 2017[17] - The basic earnings per share for 2018 was -¥0.9955, compared to -¥0.6046 in 2017[17] - The weighted average return on equity was -28.57%, down from -14.15% in the previous year[17] - The company reported a total of ¥6.08 billion in cash inflows from operating activities, a decrease of 29.33% compared to the previous year[70] - The company reported a total profit amounted to -2,323,142,182.55 CNY, indicating a significant loss for the period[72] - The company’s cash and cash equivalents decreased by approximately ¥1.03 billion during the year, compared to a decrease of ¥428.06 million in the previous year[71] Sales and Market Performance - In 2018, the total sales volume of passenger cars in China was 23.7098 million units, a year-on-year decrease of 4.08%[28] - Haima Automobile's sales in 2018 were 23,773 units in Q1, 17,628 units in Q2, 14,638 units in Q3, and 11,531 units in Q4, showing a downward trend[34] - Vehicle sales for Haima Automobile dropped significantly to 67,600 units in 2018, a substantial decrease compared to previous years[51] - The company achieved a breakthrough in new energy vehicles, with sales reaching 10,500 units, marking a 73% increase year-on-year[51] - Haima's automotive manufacturing revenue accounted for 93.26% of total revenue, amounting to approximately 4.71 billion CNY, down 46.74% from 8.84 billion CNY in 2017[56] Operational Changes and Strategies - The company has not made any changes to its main business since its listing[16] - The company maintained a prepayment sales model, with no allowance for credit sales of vehicles[26] - The company is actively exploring overseas markets, particularly in Southeast Asia, to expand its export services and quality[53] - The company plans to focus on the "new four modernizations" in the automotive industry, including electrification, intelligence, connectivity, and sharing, through a series of reforms and innovations[95] - In 2019, the company will implement a strategy focusing on three core areas, emphasizing innovation, quality improvement, and international market expansion[96] Research and Development - The company's research and development capabilities have been strengthened, with a dedicated team formed to enhance competitiveness in the market[47] - Research and development expenses increased to approximately ¥947.88 million, up 42.75% year-on-year, accounting for 18.78% of total revenue, an increase of 11.92 percentage points[69] Environmental and Social Responsibility - The company invested 500,000 RMB in poverty alleviation efforts, including housing renovations for impoverished households[140] - A total of 60,000 RMB was allocated for various poverty alleviation initiatives, including educational support for 97 impoverished students[141] - The company plans to continue its poverty alleviation efforts through knowledge, industry, technology, employment, and financial support[143] - The company is classified as a key pollutant discharge unit by environmental protection authorities[144] - The company has installed online monitoring systems for COD, ammonia nitrogen, and total phosphorus to ensure wastewater quality compliance[146] Governance and Management - The company has retained the same accounting firm for 8 years, with an audit fee of 630,000 yuan for the current period[113] - The company has established a financial service agreement with a related party, allowing for deposits up to 5 billion CNY at a rate not lower than the People's Bank of China’s published rate[124] - The company has established a comprehensive investor relations management plan for 2018, focusing on information disclosure and investor engagement[187] - The total remuneration for the board members and senior management during the reporting period amounted to 427.10 million[181] - The company has maintained effective internal financial controls as of December 31, 2018, according to the internal control audit report[199] Risks and Challenges - The company faces several risks, including policy risks related to emissions standards and industry risks due to the shift from an incremental to a stock market competition[97] - The company aims to enhance brand value and product competitiveness to address the challenges posed by increasing competition and price pressures in the automotive market[98] - The company has established a raw material price trend analysis system to mitigate risks associated with rising raw material costs[98] - The company plans to implement foreign exchange hedging transactions to manage risks associated with currency fluctuations as export volumes increase[99]

海马汽车集团股份有限公司 2019 年第一季度报告全文 海马汽车集团股份有限公司 2019 年第一季度报告 1 2019 年 04 月 海马汽车集团股份有限公司 2019 年第一季度报告全文 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。 公司负责人孙忠春、主管会计工作负责人肖丹及会计机构负责人(会计主管 人员)罗理想声明：保证季度报告中财务报表的真实、准确、完整。 2 海马汽车集团股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |----------------------------------------------------|-------------------|-------------------|--------------------------| | □ 是 √ 否 | 本报告期 | ...

Financial Performance - The company's operating revenue for 2018 was ¥5,047,154,941.36, a decrease of 47.88% compared to ¥9,683,194,932.86 in 2017[24]. - The net profit attributable to shareholders for 2018 was -¥1,637,180,342.11, worsening from -¥994,359,087.45 in 2017[24]. - The total assets at the end of 2018 were ¥11,458,328,766.97, down 27.45% from ¥15,792,936,671.22 at the end of 2017[24]. - The net assets attributable to shareholders decreased by 25.43% to ¥4,884,214,692.63 from ¥6,549,524,650.29 in 2017[24]. - The basic earnings per share for 2018 was -¥0.9955, compared to -¥0.6046 in 2017[24]. - The weighted average return on equity was -28.57%, a decline from -14.15% in the previous year[24]. - The company reported a net profit attributable to shareholders of -1.637 billion yuan in 2018, a 64.65% decrease compared to -994 million yuan in 2017[48]. - The gross profit margin for vehicle manufacturing decreased by 2.99 percentage points compared to the previous year[74]. - The company reported a total revenue of 1,467,193,328.03 CNY for the current period, compared to 1,976,359,780.31 CNY in the previous period, indicating a decrease of approximately 25.8%[128]. Cash Flow and Investments - The net cash flow from operating activities was ¥488,976,700.62, a significant recovery from -¥1,808,387,111.83 in the previous year[24]. - Operating cash inflows decreased by 29.33% to ¥6,083,349,605.87, while operating cash outflows decreased by 46.29% to ¥5,594,372,905.25[85]. - The investment activities generated a cash outflow of ¥540,585,560.34, indicating a net cash outflow from investments[85]. - The company allocated CNY 50,000 million for new product R&D, with no amount used in the current period and CNY 57,929.84 million cumulatively[103]. - The total amount of raised funds was CNY 295,014.63 million, with CNY 14,409.67 million used in the current period and CNY 318,967.05 million used cumulatively[101]. Sales and Market Performance - The total vehicle sales for the company in 2018 were 67,600 units, a significant decrease compared to the previous year, while sales of new energy vehicles reached 10,500 units, representing a 73% year-on-year increase[63]. - The total sales volume for the company in 2018 was significantly lower than in previous years, with Q4 2018 sales at 11,531 units, down from 23,773 units in Q1 2018[41]. - Vehicle manufacturing revenue accounted for ¥4,707,135,495.24, representing 93.26% of total revenue, down 46.74% from ¥8,837,276,388.42 in 2017[70]. - The overall automotive market in China saw a decline in sales, with a total of 23,709,000 passenger vehicles sold in 2018, representing a year-on-year decrease of 4.08%[36]. Strategic Focus and Development - The company is focusing on new product development and market expansion strategies[6]. - The company plans to continue focusing on product development and market expansion despite the challenging market conditions[36]. - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company has acknowledged potential risks in its future development outlook[6]. - The company plans to focus on the "new four modernizations" in the automotive industry, including electrification and intelligence[111]. Research and Development - R&D expenses amounted to ¥947,883,778.55, an increase of 42.75% compared to the previous year, representing 18.78% of operating revenue[84]. - The number of R&D personnel decreased by 12.51% to 1,413, while the proportion of R&D personnel increased by 2.78 percentage points to 22.50%[84]. - The company launched several new vehicle projects, including the SC01 model, which entered mass production, and various electric vehicle models that are in different stages of development[63]. - The company achieved breakthroughs in powertrain projects, with the YG116 project reaching SOP by the end of the year and the TG215 project entering durability testing[64]. Environmental and Social Responsibility - The company has installed online monitoring devices for COD, ammonia nitrogen, and total phosphorus to ensure wastewater quality compliance[179]. - The total COD emissions from the company were reported at 2.8739 tons, with no exceedance of the permitted limits[174]. - The company has conducted soil and groundwater monitoring, with 285 soil projects and 163 groundwater quality projects analyzed, all meeting local environmental management requirements[178]. - The company invested a total of 60 million yuan in poverty alleviation efforts[170]. - The company provided 3 million yuan in funding for impoverished students, benefiting 97 students[170]. Shareholder Information - The largest shareholder, Haima (Shanghai) Investment Co., Ltd., holds 473,600,000 shares, accounting for 28.80% of the total shares[196]. - The total number of shareholders at the end of the reporting period was 95,406[196]. - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[200]. - The company has not issued any new securities during the reporting period[196].

Financial Performance - The company's operating revenue for 2013 was CNY 10,235,229,798.82, representing a 20.97% increase compared to CNY 8,461,302,382.00 in 2012[24] - The net profit attributable to shareholders for 2013 was CNY 298,418,601.52, an increase of 81.43% from CNY 164,478,040.27 in 2012[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 222,711,181.04, up 94.12% from CNY 114,731,472.00 in 2012[24] - The basic earnings per share for 2013 was CNY 0.1814, an increase of 81.4% compared to CNY 0.1 in 2012[24] - The operating profit for the year was CNY 52,133,000, up 65.84% compared to the previous year[33] - The company reported a net profit of CNY 298.42 million in 2013, with no cash dividends distributed over the past three years[83] Cash Flow and Assets - The net cash flow from operating activities for 2013 was CNY 52,758,527.78, a significant recovery from a negative cash flow of CNY -119,704,042.58 in 2012[24] - Operating cash inflow totaled ¥10,647,242,751.88, a 4.14% increase from ¥10,224,409,453.12 in 2012[45] - The company's cash and cash equivalents decreased by 48.9% to -¥663,397,598.07, compared to -¥1,298,140,575.59 in 2012[45] - The total assets at the end of 2013 were CNY 13,822,711,712.40, reflecting an 8.93% increase from CNY 12,690,106,471.31 at the end of 2012[24] - The total liabilities at the end of the year were 2,456,699,688.78 CNY, compared to 2,192,196,801.73 CNY at the end of the previous year, indicating an increase of about 12.1%[196] Investments and R&D - R&D expenditure amounted to ¥504,868,900, representing 5.35% of net assets and 4.93% of operating revenue[43] - The company successfully developed multiple new models and engines, enhancing its R&D capabilities[56] - The company plans to launch additional models including M5, S5, and M6 in 2014, further enhancing its product lineup[30] - The company will accelerate the research and development of new energy vehicles, ensuring that pure electric vehicles meet operational standards[74] Market and Sales - The company sold 175,448 vehicles in 2013, a slight increase of 1.55% from 172,767 vehicles in 2012[35] - The production volume decreased by 5.69% to 169,532 vehicles in 2013 from 179,764 vehicles in 2012[35] - The financial services segment has been increasingly supportive, promoting auto sales through consumer credit and dealer loans[32] - The company plans to focus on expanding its market presence in lower-tier cities to increase market share[73] Corporate Governance and Management - The company has established a relatively complete governance structure in compliance with the requirements of the Company Law and relevant regulations, ensuring no discrepancies were found during the self-inspection[129] - The company has maintained a consistent leadership structure, which may positively impact investor confidence and operational stability[116] - The total compensation for the company's directors, supervisors, and senior management during the reporting period amounted to 362.26 million, with 348.97 million from the company and 13.29 million from shareholder units[122] - The company appointed a new financial director, Xiao Dan, on August 6, 2013, replacing Zhao Shuhua[124] Risks and Challenges - The company has detailed potential risks in its report, which can be found in the board report section[14] - The company is facing risks from policy changes, industry competition, and raw material price fluctuations, with strategies in place to mitigate these risks[75][76][77] - The company anticipates that the automotive industry will face significant adjustments and transformation due to tightening energy resources, environmental pollution, and stricter regulations[71] Future Outlook - The company plans to shift from extensive management to lean management, focusing on quality and brand development[72] - In 2014, the company aims to enhance marketing innovation and product development to achieve dual breakthroughs in sales and efficiency[73] - The company plans to continue its market expansion and product development strategies to improve future performance, although specific figures were not disclosed in the report[192]