Financial Performance - The company's operating revenue for Q1 2019 was ¥82,865,808.41, a decrease of 13.81% compared to ¥96,146,435.77 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥20,741,805.57, representing a decline of 430.60% from a profit of ¥6,273,988.79 in the previous year[9] - Basic and diluted earnings per share were both -¥0.03, a decrease of 400.00% from ¥0.010 in the previous year[9] - The company reported a net loss of ¥630,618,541.52, widening from a loss of ¥609,876,735.95 in the previous period[30] - Net loss for the period was ¥18,757,359.07, compared to a net profit of ¥7,270,988.23 in the previous year[38] - The net profit for the first quarter of 2019 was -19,302,389.12 CNY, compared to a profit of 87,284.25 CNY in the same period last year, indicating a significant decline[42] - Operating profit for the first quarter was -20,511,573.94 CNY, a decrease from -5,310,189.69 CNY year-over-year[42] Cash Flow - The net cash flow from operating activities was negative at ¥4,636,118.37, an improvement of 88.05% compared to a negative cash flow of ¥38,783,539.68 in the same period last year[9] - The company incurred operating cash outflows totaling 119,849,943.50 CNY, compared to 239,088,668.26 CNY in the previous year, indicating a reduction of approximately 50%[46] - The cash flow from financing activities generated a net inflow of 11,743,937.06 CNY, compared to 1,594,121.02 CNY in the same period last year, reflecting a significant increase[47] - The net cash flow from financing activities for Q1 2019 was 11,054,084.55, compared to 2,024,285.32 in the same period last year, indicating a significant increase[51] - The company reported a cash increase of 1,358,034.47 during the quarter, reflecting positive cash management[51] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,842,429,290.24, an increase of 0.76% from ¥1,828,600,919.71 at the end of the previous year[9] - Total current assets increased to ¥899,815,917.65 as of March 31, 2019, up from ¥875,890,004.06 at the end of 2018, representing a growth of approximately 1.4%[28] - Total liabilities rose to ¥1,160,787,056.74 from ¥1,128,181,906.63, an increase of approximately 2.9%[29] - The company's total liabilities reached ¥1,137,564,879.40, an increase from ¥1,120,365,400.54 year-over-year[35] - The total equity decreased to ¥681,661,654.01 from ¥700,419,013.08, a decline of about 2.5%[30] - The total equity decreased to ¥635,994,218.85 from ¥655,296,607.97 in the previous year, reflecting a decline of approximately 2.4%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,551[12] - The largest shareholder, Baota Petrochemical Group Co., Ltd., held 52.13% of the shares, totaling 398,415,924 shares[12] Operational Costs - Total operating costs increased to ¥101,957,903.78, up 3.4% from ¥98,264,799.89 year-over-year[36] - Sales expenses increased significantly to ¥4,114,821.09, up 39.4% from ¥2,942,064.23 in the previous year[36] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥1,205,840.50 during the reporting period[10] - Research and development expenses were ¥516,663.81, slightly up from ¥458,333.28 year-over-year[36] - The company distributed dividends and interest payments totaling 1,763,696.90 during the quarter[51] Audit and Reporting - The company did not undergo an audit for the Q1 report, which may affect the reliability of the financial data presented[52] - There were no adjustments made to the financial statements due to the new financial instrument and leasing standards, indicating stability in accounting practices[52] - The company has not provided specific user data or future outlook in the available documents, suggesting a lack of forward guidance[51]

宝塔实业股份有限公司 2018 年第三季度报告正文 证券代码：000595 证券简称：宝塔实业 公告编号：2018-061 宝塔实业股份有限公司 2018 年第三季度报告正文 1 宝塔实业股份有限公司 2018 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。 所有董事均已出席了审议本次季报的董事会会议。 单位：元 公司负责人郑小将、主管会计工作负责人李勐及会计机构负责人(会计主管 人员)贺培振声明：保证季度报告中财务报表的真实、准确、完整。 2 宝塔实业股份有限公司 2018 年第三季度报告正文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,891,650,350.97 | 1,879,364,915.83 | | 0.65% | | 归属于上市公 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 239,007,402.94, representing a 25.70% increase compared to CNY 190,137,640.04 in the same period last year[18]. - The net profit attributable to shareholders decreased by 54.32% to CNY 5,648,626.64 from CNY 12,365,740.07 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY -11,966,091.48, a decline of 292.70% compared to CNY -3,047,150.59 in the previous year[18]. - The basic earnings per share dropped by 58.82% to CNY 0.007 from CNY 0.017 in the same period last year[18]. - The company reported a gross margin of 14.17% in the machinery manufacturing sector, which is a decrease of 4.95% year-on-year[37]. - The company reported an operating profit of CNY 3,894,978.25, recovering from an operating loss of CNY 4,406,390.71 in the previous year[111]. - Financial expenses increased significantly to CNY 11,897,284.96, compared to CNY 2,315,580.55 in the same period last year, marking a rise of 413.5%[111]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,832,850,414.61, a decrease of 2.48% from CNY 1,879,364,915.83 at the end of the previous year[18]. - The total liabilities rose to CNY 1,128,192,760.59, compared to CNY 979,904,003.06 in the previous period, reflecting an increase of 15.1%[111]. - The total equity of the company decreased slightly to CNY 717,331,094.81 from CNY 718,916,748.51, indicating a marginal decline of 0.2%[111]. - The company's total liabilities to total assets ratio improved from approximately 58.9% to 57.2%[104]. - The company's short-term borrowings decreased from CNY 289,589,376.39 to CNY 181,319,376.39, a reduction of approximately 37.5%[104]. Cash Flow - The company reported a net cash flow from operating activities of CNY -15,852,777.50, showing a slight improvement of 0.18% compared to CNY -15,880,917.04 in the previous year[18]. - Total cash inflow from operating activities amounted to 328,504,380.73 yuan, an increase of 41.5% compared to 232,168,297.24 yuan in the previous period[118]. - Cash outflow from operating activities totaled 344,357,158.23 yuan, up 38.8% from 248,049,214.28 yuan in the previous period[118]. - The net cash flow from investing activities was -24,252,716.32 yuan, an improvement from -60,301,271.32 yuan in the previous period[120]. - Cash inflow from financing activities was 117,074,495.75 yuan, down 34.7% from 179,209,008.80 yuan in the previous period[120]. Business Operations - The main business activities include the production and sales of bearings, marine electrical equipment, and automotive front axles, with a focus on customized production based on orders received[26]. - The company achieved operating revenue of ¥239,007,402.94, an increase of 25.70% compared to the same period last year, primarily driven by a recovery in the bearing business and contributions from acquired assets[33]. - The main business revenue was ¥227,696,933.08, showing significant improvement due to a favorable market for bearing products[33]. - The company has developed key products such as motor bearings and has achieved domestic production qualifications for subway bearings, reducing reliance on imports[28]. - The company employs an ERP system for real-time dynamic management of procurement based on production plans and inventory levels[26]. Shareholder Information - The total number of shares after the recent changes is 764,279,250, with a significant reduction in restricted shares[83]. - Baota Petrochemical Group holds 53.05% of the shares, totaling 405,415,924 shares, with 343,674,592 shares pledged[87]. - The top ten shareholders do not include any strategic investors or general corporations due to no new shares being allocated[88]. - The company appointed new senior management personnel, including Li Meng as Vice President and Chief Financial Officer[94]. Legal and Compliance - The company is involved in a significant lawsuit with a claim amount of 15 million yuan, which is still under trial[57]. - There are no penalties or rectification situations during the reporting period[58]. - The half-year financial report has not been audited[54]. - There are no bankruptcy reorganization matters during the reporting period[56]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with a chemical oxygen demand emission of 178 mg/L, which is below the standard of 500 mg/L[76]. - The company has installed a wastewater online monitoring system, ensuring that wastewater discharges meet standards[77]. - There were no new construction projects or environmental impact assessments conducted in 2018[78]. - The company reported no other significant environmental information or issues during the reporting period[78]. Investment and Financing - The company signed a loan agreement with Yinchuan Huichuang Capital Investment Holding Co., Ltd. for 344 million yuan, with a term of 10 years and an annual interest rate of 1.4%[40]. - The company’s investment activities generated a cash outflow of ¥24,252,716.32, a reduction of 59.78% compared to the previous year, indicating decreased investment in construction projects[35]. - The company has no significant equity or non-equity investments during the reporting period[41][42]. Risk Factors - The company faces risks from fluctuations in raw material prices, particularly steel, which significantly impacts production costs and profit margins[48]. - The company is also exposed to macroeconomic cyclical risks due to its involvement in industries with strong cyclical characteristics, such as petroleum machinery and rail transit bearings[48].

Financial Performance - The company achieved operating revenue of ¥435,761,930.44 in 2017, representing a 22.51% increase compared to ¥355,699,118.61 in 2016[6]. - The net profit attributable to shareholders was ¥18,742,523.49, a significant turnaround from a loss of ¥84,432,511.13 in the previous year, marking a 122.20% improvement[6]. - The total assets increased by 56.54% to ¥1,879,364,915.83 at the end of 2017, up from ¥1,200,562,664.84 in 2016[19]. - The net assets attributable to shareholders rose by 5.13% to ¥696,506,127.94, compared to ¥662,522,871.40 in 2016[19]. - The company reported a basic earnings per share of ¥0.02, a recovery from a loss of ¥0.11 per share in 2016, reflecting an 118.18% increase[19]. - The net cash flow from operating activities improved significantly, with a net outflow of ¥978,361.59 in 2017, compared to a net outflow of ¥44,034,149.34 in 2016, representing a 95.30% improvement[19]. - The weighted average return on equity improved to 2.76% in 2017, up from -11.99% in 2016, indicating a positive trend in profitability[19]. - The company reported a net profit excluding non-recurring gains and losses of -¥39,858,014.53, an improvement of 49.18% from -¥78,430,503.10 in 2016[19]. - The company reported a significant increase in non-operating income, with a total of 19,059,165.87 in 2017 compared to a loss of 15,928,528.88 in 2016, indicating a turnaround in financial performance[24]. Business Operations and Strategy - The company plans to apply for the removal of the delisting risk warning, which would change its stock name from "*ST Baoshi" to "Baota Industry" and restore the daily price limit from 5% to 10%[6]. - The company will not distribute cash dividends or issue bonus shares for the year[7]. - The bearing business showed substantial improvement, contributing to profitability, with the overall performance of the company turning from a loss to profit in 2017[29]. - The company completed a significant acquisition of Guilin Haiwei, which contributed to stable revenue and exceeded performance expectations for the year[29]. - The company has made strides in the rail transit bearing sector, successfully passing industry assessments and obtaining production qualifications for metro bearings, breaking the reliance on imports[32]. - The company is focusing on high-value-added products, particularly in the rail transit and military sectors, to enhance competitiveness and profitability[32]. - The company has established a comprehensive innovation system, with a national-level technology center and a high-quality technical research team, supporting its R&D capabilities[33]. - The company has released production capacity through equipment upgrades and new factory constructions, with a new facility covering 930 acres[33]. - The company is constructing a new facility in Yinchuan Economic Development Zone, covering over 700 acres, to enhance production capacity and equipment modernization[84]. Market Trends and Growth Potential - The total revenue for the bearing industry among major enterprises reached 83.562 billion in 2017, representing a year-on-year increase of 14.14%[31]. - The military sector is expected to grow due to increased defense spending, which will benefit the company's military-related product lines[34]. - China's military expenditure has been increasing annually by over 10%, with total military spending reaching CNY 954.3 billion in 2016, indicating significant growth potential compared to developed countries[35]. - In 2017, the domestic heavy-duty truck market saw a 52% year-on-year increase in sales, with total heavy-duty truck production reaching 1.1497 million units, up 55.07% from the previous year[36]. - The coal mining machinery market is expected to continue its rapid growth, with the demand for coal mining machinery components, such as scraper conveyors, increasing annually[37]. - The company has developed capabilities to produce key coal mining machinery components, which account for approximately 80% of the coal mining equipment market share, indicating strong market control[38]. Research and Development - The company has established a strong R&D team and has developed three main products: motor bearings, machine tool spindle bearings, and precision forged parts, with machine tool bearings already recognized by major domestic manufacturers[40]. - The company has achieved significant advancements in its equipment capabilities, including the establishment of automated production lines for railway freight car bearings, enhancing overall production efficiency[41]. - Research and development investment increased by 19.17% to ¥14,160,300, representing 3.25% of operating revenue[62]. - The company plans to focus on high-value-added bearing products, including urban rail and railway freight car bearings, with successful qualification for metro bearing production achieved in September 2017[82]. Corporate Governance and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.0408 million[165]. - The annual salary for the general manager is set at CNY 300,000 (pre-tax), with other positions determined by a coefficient based on this amount[164]. - The company has implemented a performance-based remuneration scheme linked to operational results since 2015[164]. - The company has a total of 14 senior management personnel, with varying remuneration based on their positions and performance[165]. - The performance assessment for senior management in 2017 has not yet concluded, affecting the final remuneration calculations[164]. - The company has experienced a change in its board composition, with some members having prior regulatory penalties[162]. - The company’s management performance evaluation includes metrics such as sales revenue, cash collection, and net profit, with assessments conducted quarterly or annually[191]. - The company’s board of directors established four specialized committees, including the audit committee, which actively reviewed financial reports and ensured compliance with legal and regulatory requirements[184]. Shareholder Relations and Equity - The company did not distribute any cash dividends in the past three years due to negative profits available for distribution[90]. - The actual controller and related parties have made commitments regarding performance guarantees, including a cumulative net profit of no less than 34 million RMB for 2017[94]. - The company is currently fulfilling its commitments related to performance guarantees and related transactions[94]. - The company has committed to avoiding any related party transactions that could harm the interests of other shareholders[96]. - The company will ensure that any related party transactions are conducted at fair market prices and comply with legal procedures[97]. - The company reported a total of 124,740,125 shares issued in a non-public offering in 2014, with the shares becoming tradable on March 9, 2015[98]. - The company’s total number of limited shares before the change was 249,744,250, representing 33.53% of total shares[133]. - The largest shareholder, Baota Petrochemical Group Co., Ltd., holds 53.05% of the shares, totaling 405,415,924 shares, with 155,935,674 shares frozen[140]. Environmental and Social Responsibility - The company actively fulfilled its social responsibilities, enhancing communication with shareholders and stakeholders[125]. - The company provided various insurance benefits to employees, including pension and medical insurance[125]. - The company reported a chemical oxygen demand (COD) discharge concentration of 37.5 mg/L, which is below the regulatory limit of 500 mg/L, with a total discharge of 5,280 kg[127]. - The company has a valid pollution discharge permit, which is effective until August 19, 2020[128]. - The company has installed an online monitoring system for wastewater, which has consistently shown that wastewater discharges meet standards[129]. - The company’s wastewater monitoring results have been verified quarterly by the Yinchuan Environmental Monitoring Station, confirming compliance with discharge standards[129]. - The company’s emergency response plan for environmental incidents has been filed with the Yinchuan Environmental Protection Bureau[129].

Financial Performance - The company achieved operating revenue of ¥435,761,930.44 in 2017, representing a 22.51% increase compared to ¥355,699,118.61 in 2016[6]. - Net profit attributable to shareholders was ¥18,742,523.49, a significant turnaround from a net loss of ¥84,432,511.13 in 2016, marking a 122.20% improvement[6]. - The company's total assets increased by 56.54% to ¥1,879,364,915.83 at the end of 2017, up from ¥1,200,562,664.84 in 2016[19]. - The weighted average return on equity improved to 2.76% in 2017 from -11.99% in 2016, reflecting a 14.75% increase[19]. - The company reported a net cash flow from operating activities of -¥978,361.59, an improvement of 95.30% compared to -¥44,034,149.34 in 2016[19]. - Basic earnings per share were ¥0.02, a recovery from a loss of ¥0.11 per share in 2016, representing an increase of 118.18%[19]. - The net profit after deducting non-recurring gains and losses was -¥39,858,014.53, an improvement of 49.18% from -¥78,430,503.10 in 2016[19]. - The company reported a significant increase in non-operating income, totaling approximately ¥58.6 million in 2017, compared to a loss of ¥6 million in 2016 and ¥11.1 million in 2015[25]. - The company achieved total revenue of ¥435,761,930.44, an increase of 22.51% year-on-year[46]. - Main business revenue reached ¥404,147,213.30, up 166.67% year-on-year, driven by a strong recovery in the bearing business and contributions from acquired assets[46]. - Net profit attributable to shareholders was ¥18,742,523.49, a 142.86% increase compared to the previous year[46]. - The company successfully turned a profit this year, primarily through cost reduction, quality improvement, and market expansion strategies[46]. Business Strategy and Market Position - The company intends to apply for the removal of the delisting risk warning, which would change its stock name from "*ST Baoshi" to "Baota Industry" if approved[6]. - The company’s main business includes the production and sales of bearings, marine electrical equipment, and automotive front axles, with a focus on high-value-added products[28]. - The company is focusing on expanding its military industrial sector, having obtained military bearing confidentiality qualifications and production licenses[32]. - The company is positioned to capitalize on the growing demand for specialized bearings in sectors such as high-end CNC machine tools, robotics, and new energy vehicles[31]. - The company is exploring the development of new power supply devices, including wireless charging equipment, to meet future defense needs[42]. - The company aims to enhance its asset and profitability status by focusing on four major sectors: bearings, military industry, high-end equipment manufacturing, and finance[82]. - The company plans to shift towards high-value-added bearing products, particularly in rail transit, with the "Urban Rail B-type Car Axle Box Bearing" successfully passing industry assessments and obtaining production qualifications[82]. - The company has plans for future capital operations, indicating potential market expansion strategies[88]. Research and Development - The company has made strides in product innovation, successfully obtaining production qualifications for subway bearings, breaking the reliance on imports[32]. - The company’s research and development capabilities are strong, ranking in the top five nationally for design, with a significant proportion of technical staff[33]. - Research and development investment increased by 19.17% year-on-year, totaling ¥14,160,300, representing 3.25% of operating revenue[63]. - The company has a strong R&D capability, having developed key products such as motor bearings and precision forgings, with machine tool bearings already recognized by major domestic manufacturers[40]. - The company is constructing a new facility in Yinchuan Economic Development Zone, covering over 700 acres, to increase production capacity and upgrade equipment[84]. - The introduction of advanced equipment such as laser cutting machines and CNC deep throat punching machines will improve processing capabilities and product quality in military supplies[84]. Acquisitions and Subsidiaries - The company completed the acquisition of Guilin Haiwei Ship Electric Co., Ltd. with an investment of CNY 322.5 million, holding a 75% stake[70]. - The company acquired Liaoning Antai Forging Industry Co., Ltd. for CNY 20 million, obtaining a 100% stake[70]. - The company added new subsidiaries: Guilin Haiwei Ship Electric Co., Ltd., Liaoning Antai Forging Industry Co., Ltd., and Huijin Commercial Factoring Co., Ltd. to its consolidated financial statements[101]. - Liaoning Antai Forging Industry Co., Ltd. contributed to the company's main business profits[79]. Governance and Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.0408 million[162]. - The company has a remuneration scheme that links salaries to operational performance, with 50% of salaries withheld until performance evaluations are completed[161]. - The company has experienced a governance structure with multiple individuals holding significant positions across various subsidiaries[160]. - The company maintains a complete and independent governance structure, ensuring no interference from the controlling shareholder in operations[172]. - The company has established a robust internal control system, although some subsidiaries require further strengthening in decision-making processes[173]. - The company operates independently from its controlling shareholder in terms of business, personnel, assets, organization, and finance[174]. Environmental and Social Responsibility - The company maintained a pollution discharge standard of 500 mg/L for chemical oxygen demand, with actual discharge at 37.5 mg/L, indicating compliance[125]. - The company has a valid pollution discharge permit until August 19, 2020[126]. - The company has established an emergency plan for environmental incidents, filed with the local environmental protection bureau[126]. - The company actively fulfilled its social responsibilities, enhancing communication with stakeholders and ensuring timely reporting to shareholders[122]. Legal and Compliance - The company reported a contingent liability of 7.15 million yuan related to a lawsuit, with a total claim amount of 15 million yuan[102]. - The company has a total of 198,976,658 shares (26.71% of total capital) frozen due to a court ruling related to a contract dispute[104]. - An additional 202,707,962 shares (27.21% of total capital) were also frozen following another court ruling[104]. - The company has not reported any significant internal control deficiencies in its financial reporting[191]. - The audit report indicates a standard unqualified opinion on the financial statements of Baota Industrial Co., Ltd. as of December 31, 2017[200].

证券代码：000595 证券简称：*st 宝实 公告编号：2018-020 宝塔实业股份有限公司 2018 年第一季度报告正文 1 宝塔实业股份有限公司 2018 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。 宝塔实业股份有限公司 2018 年第一季度报告正文 公司负责人赵立宝、主管会计工作负责人冯宇及会计机构负责人(会计主管 人员)贺培振声明：保证季度报告中财务报表的真实、准确、完整。 2 宝塔实业股份有限公司 2018 年第一季度报告正文 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 96,146,435.77 | 124,365,774.37 | -22.69% | | 归属于上市公司股东的净利润（元） | 6,27 ...

Financial Performance - Operating revenue for the period reached ¥81,539,502.05, a significant increase of 91.54% year-on-year[8] - Net profit attributable to shareholders rose by 175.96% to ¥11,423,507.72 for the quarter[8] - Basic earnings per share increased by 175.00% to ¥0.015[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,145,436.40, an increase of 104.88% year-on-year[8] - Operating revenue rose by 104.60% to ¥271,677,142.09 driven by increased orders in the machinery industry[16] Assets and Liabilities - Total assets increased by 21.71% to ¥1,461,169,523.16 compared to the end of the previous year[8] - Accounts receivable increased by 34.11% to ¥400,489,301.70 due to external factoring business[16] - Short-term borrowings surged by 101.84% to ¥153,799,376.39 attributed to a subsidiary's short-term loan of ¥100 million[16] - Other payables increased by 306.06% to ¥77,758,778.59 due to the company's issuance of restricted stock confirming repurchase obligations[16] Cash Flow - The net cash flow from operating activities showed a decline of 69.23%, totaling -¥84,339,760.24[8] - Cash received from sales increased by 209.48% to ¥358,750,147.38 reflecting improved sales collection[16] - The company’s cash outflow for purchasing goods and services rose by 222.32% to ¥261,299,420.97 driven by increased production demand[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 60,732[12] - The largest shareholder, Baota Petrochemical Group Co., Ltd., held 53.05% of the shares, with 249,480,250 shares pledged[12] Investments and Acquisitions - Investment income of ¥1,377,043.84 was recognized from the long-term equity investment in Tianjin Baiyin Jinfu[16] - The company plans to acquire 75% of Guilin Haiwei Ship Electrical Co., Ltd. for no more than ¥330 million[18] Expenses - The company reported a significant increase in operating expenses, with financial expenses rising by 65.58% to ¥6,053,094.53 due to increased borrowings[16] Non-recurring Items - Non-recurring gains and losses for the year-to-date amounted to ¥25,690,961.98[9] - The company has not reported any non-compliance issues regarding external guarantees during the reporting period[25] Return on Investment - The weighted average return on net assets was 1.67%, up by 4.75% compared to the previous year[8]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 190,137,640.04, representing a 110.77% increase compared to CNY 94,170,729.85 in the same period last year[20]. - The net profit attributable to shareholders was CNY 12,365,740.07, a significant turnaround from a loss of CNY 27,813,937.44 in the previous year, marking a 130.94% improvement[20]. - The basic earnings per share increased to CNY 0.0170 from a loss of CNY 0.075, reflecting a 129.31% increase[20]. - The company reported a net cash flow from operating activities of CNY -15,880,917.04, an improvement of 63.34% compared to CNY -21,092,386.51 in the same period last year[20]. - The company achieved a revenue of ¥190,137,640.04, an increase of 110.77% compared to the same period last year[35]. - The main business revenue reached ¥91,455,346.98, significantly improved due to the recovery of the bearing product market[35]. - The company successfully turned a profit after a loss in the previous year, driven by increased orders for axle bearings and new product development[35]. - The net profit for the current period was ¥12,365,740.07, a turnaround from a net loss of ¥39,972,236.51 in the previous period[125]. - The company reported a total profit of ¥12,366,938.93, contrasting with a total loss of ¥39,974,141.51 in the previous period[125]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,362,154,410.52, up 13.46% from CNY 1,243,577,776.32 at the end of the previous year[20]. - Fixed assets increased to ¥323,663,032.28, representing a growth of 23.76% compared to the previous period[44]. - Total current assets increased to ¥683,583,146.96 from ¥556,371,851.78, representing a growth of approximately 22.9%[116]. - Total liabilities rose to ¥687,276,366.04 from ¥538,039,793.44, indicating an increase of around 27.7%[117]. - The company's total equity increased to ¥674,878,044.48 from ¥662,522,871.40, reflecting a growth of about 1.8%[118]. - The company's total liabilities at the end of the reporting period are 1,081,544,000.00 CNY[149]. Cash Flow - The cash inflow from operating activities totaled 250,752,351.45 CNY, a significant rise from 71,045,077.46 CNY in the previous period[135]. - The net cash flow from financing activities increased significantly to 134,950,583.94 CNY from 38,932,138.01 CNY[134]. - The cash and cash equivalents at the end of the period were 62,410,926.80 CNY, compared to 6,726,617.30 CNY in the previous period, showing a substantial increase[134]. - The net cash flow from investment activities was -110,230,211.32 CNY, worsening from -59,088,474.20 CNY in the previous period[137]. Business Operations - The company primarily engaged in bearing production and sales, photovoltaic bracket production, and material trading during the reporting period[27]. - The company implemented an ERP real-time dynamic management system for procurement, enhancing production efficiency[27]. - The company has received large orders for axle bearings, which are now a leading high-value product[31]. - The company is focusing on high-end manufacturing and military assets through strategic mergers and acquisitions[32]. - New business initiatives include commercial factoring, which aims to integrate with existing bearing operations to create new profit points[57]. Corporate Governance - The company has approved a stock incentive plan to motivate employees, which includes restricted stock and stock options[71]. - The company appointed several new executives, including Wang Jingbo as a director and Feng Yu as the financial director, during the reporting period[108]. - The company has not reported any changes in the approval or transfer of share changes[97]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[101]. Legal and Compliance Issues - A significant lawsuit involving a claim of 15 million yuan has resulted in the company recognizing a provision of 7.15 million yuan for expected liabilities[67]. - The company has faced multiple court-ordered freezes on shares held by its controlling shareholder, affecting over 54% of its total share capital[69][71]. - The financial report for the half-year has not been audited, indicating potential concerns regarding financial accuracy[63]. Environmental and Social Responsibility - The company reported a total pollutant discharge of 3,020 kg for chemical oxygen demand, with a concentration of 38.5 mg/L, which is below the standard limit of 500 mg/L[91]. - The company has successfully maintained stable wastewater discharge standards through a simple three-sedimentation tank and online monitoring equipment, passing quarterly effectiveness audits by the local environmental protection bureau[91]. Financial Reporting and Accounting Policies - The company's financial statements are prepared under the assumption of going concern, despite recent financial difficulties[160]. - The company recognizes joint operations and joint ventures, confirming assets and liabilities held individually or proportionately[172]. - Financial assets are classified based on investment purpose and economic substance, including those measured at fair value with changes recognized in profit or loss[177]. - The company applies the effective interest method for held-to-maturity investments, measuring them at amortized cost[178].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥190,137,640.04, representing a 110.77% increase compared to ¥94,170,729.85 in the same period last year[20]. - The net profit attributable to shareholders was ¥12,365,740.07, a significant turnaround from a loss of ¥27,813,937.44 in the previous year, marking a 130.94% improvement[20]. - The basic earnings per share increased to ¥0.0170 from a loss of ¥0.075, reflecting a 129.31% increase[20]. - The company reported non-recurring gains of ¥15,412,890.66, including government subsidies and other operating income[25]. - The company achieved a revenue of ¥190,137,640.04, an increase of 110.77% compared to the same period last year[35]. - The main business revenue reached ¥91,455,346.98, significantly improved due to the recovery of the bearing product market[35]. - The company successfully turned a profit after a loss in the previous year, driven by new product development and market expansion[35]. - The company reported a net profit impact of over 10% from its major subsidiaries[52]. - The company anticipates potential losses or significant changes in net profit for the period from January to September 2017[56]. - The company has faced continuous losses for two consecutive years, leading to its stock being designated as *ST by the Shenzhen Stock Exchange, with a risk of suspension if it fails to turn a profit in 2017[57]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,362,154,410.52, up 13.46% from ¥1,243,577,776.32 at the end of the previous year[20]. - The total liabilities increased to CNY 704,367,323.84 from CNY 533,283,454.29, marking a rise of about 32.1%[121]. - The company's current assets reached RMB 683,583,146.96, up from RMB 556,371,851.78, indicating an increase of about 22.9%[115]. - The company's retained earnings improved to -CNY 475,368,677.11 from -CNY 492,126,827.82, indicating a reduction in accumulated losses[121]. - The total equity at the end of the reporting period is RMB 744,880,250, with a decrease in retained earnings of RMB -492,126,827.8[149]. Cash Flow - The company reported a net cash flow from operating activities of -¥15,880,917.04, an improvement of 63.34% compared to -¥21,092,386.51 in the same period last year[20]. - The net cash flow from operating activities for the current period is ¥83,129,363.99, a significant improvement compared to the previous period's net cash flow of -¥49,312,895.86[134]. - Total cash inflow from operating activities reached ¥250,752,351.45, while cash outflow was ¥167,622,987.46, resulting in a net cash inflow of ¥83,129,363.99[134]. - The company reported a significant increase in cash inflow from operating activities, totaling CNY 232,168,297.24, compared to CNY 88,740,370.58 in the previous year[132]. - Cash and cash equivalents increased significantly to RMB 72,460,926.81 from RMB 7,986,951.21, representing a growth of approximately 807.5%[114]. Business Operations - The company is engaged in bearing production and sales, photovoltaic bracket production, and material trading, with a focus on oil machinery and metallurgy sectors[27]. - The company plans to utilize existing equipment and technical personnel to expand its photovoltaic bracket business in response to the rapid development of this sector in Northwest China[27]. - The company has implemented an ERP system for real-time dynamic management of procurement based on production plans and inventory levels[27]. - The company is focusing on high-end manufacturing and military assets through strategic mergers and acquisitions[32]. - New business initiatives include commercial factoring, which aims to integrate with existing bearing operations to create new profit points[57]. Shareholder Information - The company did not plan to distribute cash dividends or issue bonus shares for the reporting period[8]. - The largest shareholder, Baota Petrochemical Group Co., Ltd., holds 54.43% of the total shares, amounting to 405,415,924 shares, with some shares pledged and frozen[97]. - The total number of shareholders at the end of the reporting period was 67,465, with no significant changes in major shareholders[97]. - The company did not engage in any related party transactions during the reporting period[76]. Legal and Compliance Issues - A significant lawsuit involving a claim of 15 million yuan has resulted in the company recognizing an estimated liability of 7.15 million yuan[67]. - The company has faced multiple court-ordered freezes on shares held by its controlling shareholder, affecting over 54% of its total share capital[69][71]. - The financial report for the half-year has not been audited, indicating potential concerns regarding financial accuracy[63]. Strategic Planning - The company plans to enhance performance in its bearing and equipment businesses by focusing on cost reduction, quality improvement, and market expansion[57]. - The company is pursuing mergers and acquisitions in high-end equipment manufacturing and national strategic emerging industries to boost performance and align with its development strategy[57]. - The company is actively taking measures to explore markets and improve operational conditions due to recent operating losses and cash flow constraints[159]. Accounting Policies - The company adheres to the accounting policies and estimates based on actual production and operational characteristics, in accordance with relevant accounting standards[160]. - The company recognizes financial assets and liabilities when it becomes a party to a financial instrument contract[175]. - Financial assets are classified based on investment purpose and economic substance, including those measured at fair value with changes recognized in profit or loss[176]. - The company provisions for bad debts based on the present value of future cash flows when the amount is not significant but cannot reflect the risk through group provisioning[187].

宝塔实业股份有限公司 2017 年第一季度报告正文 证券代码：000595 证券简称：*ST 宝实 公告编号：2017-027 宝塔实业股份有限公司 2017 年第一季度报告正文 1 宝塔实业股份有限公司 2017 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。 公司负责人赵立宝、主管会计工作负责人魏明明及会计机构负责人(会计主 管人员)姚占文声明：保证季度报告中财务报表的真实、准确、完整。 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | 151,345.60 | | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 | 779,800.00 | | | 一标准定额或定量享受的政府补助除外） | | | | 除上述各项之外的其他营业外收入和支出 | 156,083.07 | | | 合计 | 1,087,22 ...