第一节 重要提示 恒立实业发展集团股份有限公司 2017 年第一季度报告正文 证券代码：000622 证券简称：*ST 恒立 公告编号：2017-26 恒立实业发展集团股份有限公司 2017 年第一季度报告正文 1 恒立实业发展集团股份有限公司 2017 年第一季度报告正文 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。 公司负责人马伟进、主管会计工作负责人叶华及会计机构负责人(会计主管 人员)程建声明：保证季度报告中财务报表的真实、准确、完整。 2 恒立实业发展集团股份有限公司 2017 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） | 8,237,564.43 | 8,647,778.75 | -4.74% | | ...

Corporate Governance and Shareholder Structure - The company plans not to distribute cash dividends, issue bonus shares, or convert reserves into share capital[5] - The company reported a registered capital of 42 million RMB, with a par value of 1.00 RMB per share, totaling 42 million shares[16] - The company has undergone several changes in its major shareholders, with the latest being the transfer of 30 million shares (21.17% of total shares) to Shenzhen Aoshengxia Industrial Co., Ltd[16] - The company’s stock is listed on the Shenzhen Stock Exchange under the ticker *ST Hengli (000622)[13] - The company’s registered address is located at No. 9, Youth Middle Road, Yueyang, Hunan Province, with a postal code of 414000[13] - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management[3] - The company has not reported any changes in its main business since its establishment in 1993[16] - The company emphasizes the importance of investor awareness regarding potential risks associated with future plans and strategies[4] - The company’s website is http://www.hlsyfzjt.com, providing further information and disclosures[13] - The company’s annual report is published in the Securities Times and is available on the designated website of the China Securities Regulatory Commission[15] - The company has completed commitments related to shareholding restrictions and has fulfilled its obligations under the equity division reform[103] - The company has engaged in discussions regarding the lifting of restrictions on the sale of shares held by major shareholders, indicating potential future liquidity events[98] - The company has undergone a share reform plan approved on November 21, 2012, which was implemented on January 14, 2013[152] - The company’s shareholding structure shows that the largest shareholder, China Huayang Investment Holding Co., holds 17.99% of the shares[156] - Shenzhen Aoshengxia Industrial Co., Ltd. holds 16.54% of the shares, which are currently frozen[156] - The company has no other listed companies in which the controlling shareholder holds shares[159] - The company has not undergone any changes in its controlling shareholder during the reporting period[159] - The company has no major guarantees during the reporting period[135] - The company has no stock incentive plans or employee stock ownership plans in place during the reporting period[126] - The company has no related party transactions during the reporting period[127] - The company has maintained a structured corporate governance framework, ensuring clear responsibilities among shareholders, the board of directors, and management[141] - The company has established a governance structure with a clear division of responsibilities among the shareholders, board of directors, supervisory board, and management team[187] - The company has implemented a salary policy that includes base salary, performance bonuses, and other benefits for employees[183] - The company has no labor outsourcing arrangements[185] - The company has maintained compliance with relevant laws and regulations regarding corporate governance and internal control systems[187] - The company emphasizes the importance of a well-functioning board of directors, which has become an efficient decision-making body with members possessing strong professional backgrounds and rich experience[188] - Independent directors play a crucial role in company decisions, providing valuable insights on financial audits, major related transactions, and executive appointments[189] - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, institutions, and finances, ensuring autonomous operational capabilities[190] - The company has undergone changes in its supervisory board, with the appointment of new independent directors to strengthen governance[168][172] - The company has not reported any penalties or disciplinary actions from regulatory bodies against its current executives, ensuring a stable governance structure[171][172][173] Financial Performance and Revenue - The company's operating revenue for 2016 was CNY 41,869,685.67, a decrease of 11.00% compared to CNY 47,042,013.31 in 2015[19] - The net profit attributable to shareholders in 2016 was CNY 47,999,053.17, representing a significant increase of 202.53% from a loss of CNY 46,815,739.26 in 2015[19] - The net cash flow from operating activities improved by 89.27%, reaching CNY -3,045,534.91 in 2016 compared to CNY -28,376,350.61 in 2015[19] - The total assets of the company increased by 52.35% to CNY 466,466,615.29 at the end of 2016, up from CNY 306,177,034.20 at the end of 2015[20] - The basic earnings per share for 2016 was CNY 0.1129, a turnaround from a loss of CNY -0.1101 in 2015[19] - The company’s weighted average return on equity was 27.03% in 2016, a significant recovery from -26.45% in 2015[20] - The company achieved a net profit of CNY 66,961,543.36 in Q4 2016, primarily due to the transfer of 80% equity in Yueyang Hengtong Industrial Co., Ltd., resulting in investment income[24] - The company reported non-recurring gains of CNY 99,204,595.90, primarily from the transfer of equity stakes, which significantly impacted its financial performance[28] - The company successfully turned a profit during the reporting period due to the sale of 80% of its subsidiary, Yueyang Hengtong Industrial Co., Ltd., resulting in a significant investment gain[32] - The company’s main operating model includes self-sourcing materials, with production primarily driven by orders from automotive manufacturers, indicating that profit margins are highly dependent on order volumes[33] - The automotive air conditioning industry is closely tied to the automotive sector, which has seen a slowdown in growth, impacting the company's market orders and profitability[34] - The company’s main business revenue for 2016 was 39.82 million, a decrease of 14.50% compared to 2015[46] - The net profit attributable to the parent company reached 47.99 million, an increase of 202.53% year-on-year[45] - Management expenses decreased by 35.83% to 36.35 million, primarily due to the absence of relocation costs from the previous year[47] - Investment income surged to 100.54 million, an increase of approximately 7968.12%, mainly from the sale of 80% equity in a subsidiary[48] - The total assets of the company as of December 31, 2016, were 46.65 million, with net assets attributable to the parent company at 201.57 million[45] - The company's operating costs decreased by 16.80% to 36.60 million, reflecting improved cost management[46] - The gross profit margin for the automotive parts manufacturing sector was 8.07%, with a year-on-year increase of 45.81%[52] - The company reported a significant increase in operating cash inflow by 76.95%, totaling CNY 79,750,137.55, compared to CNY 45,069,282.14 in the previous year[65] - The company reported a net profit loss of 10.16 million yuan from its subsidiary Shanghai Hengan Air Conditioning Equipment Co., Ltd. for the reporting period[86] - The company aims to enhance operational efficiency and management effectiveness to improve its financial performance in 2017[87] - The automotive market in China reached a production and sales volume of 25.03 million and 24.95 million vehicles respectively by November 2016, with a projected compound growth rate of 5% over the next five years[89] - The automotive parts sales revenue in China for 2016 is projected to reach 298.26 billion yuan, with a growth rate of 19%[89] Market Strategy and Product Development - The company developed new products, including the K12 product and an electric compressor project, which are now in mass production[30] - The company is actively expanding its market presence in the automotive air conditioning sector and has established supply relationships with major clients[30] - The company aims to expand its market share by leveraging its production scale, technological innovation, and brand influence[35] - The company is actively exploring new markets and sales channels to improve its order scale and profitability[33] - The company has maintained stable supply and support for major clients, ensuring continued business operations despite market challenges[44] - The company has developed new products, including the K12 product and electric compressor projects, while also working on a new energy battery cooling project[44] - The company is planning to invest the proceeds from the equity sale into traditional automotive air conditioning business and new energy vehicle air conditioning and parts[81] - The company plans to increase investment in air conditioning and related components for new energy vehicles while stabilizing its traditional automotive air conditioning business[91] - The company aims to enhance its competitive edge by updating equipment and introducing new talent, addressing issues of aging personnel and outdated equipment[91] - The company is diversifying its strategy by exploring new customers and markets to mitigate risks associated with customer concentration and reliance on major clients[96] - The company is committed to increasing R&D investment and technological innovation to improve product development capabilities, particularly in truck and new energy bus air conditioning systems[91] - The company is focusing on enhancing its quality management system and cost control measures to solidify its brand foundation[92] - The company has established new partnerships with key distributors, aiming to increase distribution efficiency by 20%[108] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[109] - New product development includes the launch of three innovative products expected to contribute an additional 300 million RMB in revenue[110] - A strategic acquisition of a local competitor is in progress, which is expected to enhance the company's market position and increase overall revenue by 5%[110] Risk Management and Compliance - The company emphasizes the importance of accurate financial reporting to avoid potential legal liabilities and ensure sustainable operations[198] - The company faces risks from industry slowdown and environmental pressures, which may impact automotive market growth[94] - The company has no non-operating fund occupation by controlling shareholders or their affiliates during the reporting period[116] - There were no changes in accounting policies, estimates, or methods during the reporting period compared to the previous year[117] - The company has not experienced any major accounting errors that require retrospective restatement during the reporting period[118] - The company has engaged a new auditing firm, Beijing Yongtuo Accounting Firm, for the 2016 annual audit after the previous firm, Asia-Pacific (Group) CPA, suggested a change due to resource constraints[121] - The internal control audit report confirmed the applicability of the internal control framework[200] - The company aims to maintain high standards of governance and operational efficiency through effective internal controls[198] - The supervisory board found no risks during its oversight activities in the reporting period[196] - There were no significant internal control deficiencies identified during the reporting period[197] - The total assets of the evaluated units accounted for 100.00% of the company's consolidated financial statements[198] - The total revenue of the evaluated units also represented 100.00% of the company's consolidated financial statements[198] - There were no significant defects identified in financial reporting, with the number of major defects being 0[199] - The number of important defects in financial reporting was also 0, indicating a strong internal control environment[199] - The company has established quantitative standards for defect identification, with major defects defined as errors exceeding 1% of total assets[198] Employee and Management Structure - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 3.1867 million[180] - The company employed a total of 138 staff members, with 64 in production, 4 in sales, 5 in technical roles, 8 in finance, and 57 in administration[181] - The educational background of employees includes 4 with master's degrees, 15 with bachelor's degrees, 24 with associate degrees, and 95 with high school or lower education[182] - The company has no retired employees requiring pension expenses[181] - The company has a training plan to enhance employee skills and overall efficiency, developed annually based on departmental needs[184] - The current management team includes experienced professionals with backgrounds in law enforcement, sports management, and finance, enhancing the company's operational capabilities[169][170][171] - The management team is composed of individuals with diverse expertise, including economics, law, and engineering, which may contribute to strategic decision-making[170][171][172] - The company has maintained a clean record with no ownership stakes held by its executives, which may reflect a commitment to shareholder interests[171][172] - The company has not reported any penalties or disciplinary actions from regulatory bodies against its current executives, ensuring a stable governance structure[171][172][173] Legal and Regulatory Matters - The company is currently in a legal dispute regarding a 10 million CNY investment with Guangdong Jieshang Investment Co., Ltd., which has not repaid the principal and interest as per the agreement[147] - There were no significant lawsuits or arbitration matters during the reporting period[124] - The company did not experience any penalties or rectification situations during the reporting period[125] - The company has not disposed of any significant assets during the reporting period[78] - The company has not proposed any cash dividend distribution plan for the reporting period, despite having a positive profit available for distribution to ordinary shareholders[102] - The company has not realized any revenue from the subsidiary Hengtong Industrial since its establishment, indicating no impact on the company's main business revenue[146] - The company has not disclosed any major undisclosed information during the reporting period, ensuring compliance with regulatory requirements[98]

Financial Performance - Operating revenue for the current period was CNY 10,880,246.79, a decrease of 26.10% year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 8,098,906.27, an increase of 8.15% compared to the same period last year[8] - Basic earnings per share were -CNY 0.0190, an increase of 7.95% year-on-year[8] - The weighted average return on net assets was -5.27%, a decrease of 38.32% compared to the same period last year[8] - Operating revenue decreased by 30.08% to 29.17 million from 41.72 million, mainly due to a reduction in sales orders from subsidiaries[15] - Operating costs fell by 33.65% to 26.86 million from 40.49 million, attributed to the same reduction in sales orders[15] - Financial expenses increased by 60.95% to -2.10 million from -1.31 million, primarily due to interest accrued on other receivables by subsidiaries[15] - Asset impairment losses surged by 4773.04% to 1.44 million from 0.03 million, mainly due to provisions for bad debts on receivables by subsidiaries[15] - Investment income decreased by 77.68% to 0.22 million from 1.00 million, primarily due to the recovery of the aforementioned financial product's income[15] - The company reported a 30.45% decrease in cash received from operating activities, totaling 115.58 million compared to 166.19 million, due to reduced sales orders[17] Assets and Shareholder Information - Total assets decreased by 7.82% to CNY 282,226,156.36 compared to the end of the previous year[8] - Net assets attributable to shareholders decreased by 12.35% to CNY 134,609,536.59 compared to the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 20,013[11] - The largest shareholder, China Huayang Investment Holdings, held 17.99% of the shares, totaling 76,496,653 shares[11] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was -CNY 17,041,331.30, an increase of 29.97% compared to the same period last year[8] - The company received cash from investment recovery amounting to 50 million, reflecting a net increase due to the recovery of the bank financial product[17] - The company's cash and cash equivalents increased by 101.70% to 96.64 million from 47.91 million, primarily due to the recovery of a 50 million bank principal-protected financial product purchased in November 2015[15] Corporate Actions - The company did not engage in any repurchase transactions during the reporting period[12] - The company has no significant securities or derivative investments during the reporting period[22][23] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[26]

Financial Performance - The company's operating revenue for the first half of 2016 was ¥18,288,588.96, a decrease of 32.25% compared to ¥26,994,188.64 in the same period last year[21]. - The net profit attributable to shareholders was -¥10,863,583.92, improving by 28.82% from -¥15,262,188.18 year-on-year[21]. - The net cash flow from operating activities was ¥4,528,135.44, a significant turnaround from -¥12,190,730.81 in the previous year, representing a 137.14% increase[21]. - The company's main business revenue for the reporting period was ¥18,288,588.96, a decrease of 32.25% year-on-year due to reduced orders and declining sales[30]. - The net profit attributable to the parent company was -¥10,863,583.92, a reduction in loss of 28.82% compared to the previous year[30]. - The company reported a net loss of ¥-466,705,481.40, compared to a net loss of ¥-455,841,897.48 in the previous period[112]. - The company reported an operating profit of CNY -12,806,605.57 for the first half of 2016, compared to CNY -17,669,149.75 in the previous year, indicating a reduction in losses of approximately 27.5%[119]. - The total comprehensive income for the period decreased by 15,262,000, with a loss of 1,534,000 attributed to minority interests, resulting in a total loss of 16,796,000[136]. Assets and Liabilities - Total assets at the end of the reporting period were ¥287,535,119.46, down 6.09% from ¥306,177,034.20 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 7.07%, from ¥153,572,026.78 to ¥142,708,442.86[21]. - Total liabilities decreased by 4.71% to CNY 129.82 million, compared to CNY 136.25 million at the end of 2015[92]. - The company's total equity decreased to ¥157,711,052.73 from ¥169,930,183.50, a decline of approximately 7.2%[112]. - The total current liabilities amounted to CNY 83,342,265.17, a slight decrease from CNY 86,380,086.51 in the previous year, indicating a reduction of about 3.8%[116]. Cash Flow - The total cash inflow from operating activities was CNY 43,536,834.18, an increase from CNY 29,568,427.10 in the previous period, representing a growth of approximately 47%[126]. - The cash inflow from investment activities amounted to CNY 50,521,093.15, with a net cash flow of CNY 47,089,814.39, compared to a negative cash flow of CNY -52,503,112.42 in the previous period[127]. - The total cash and cash equivalents at the end of the period reached CNY 99,530,613.94, up from CNY 59,298,302.79 at the end of the previous period, indicating a significant increase of approximately 68%[128]. - The company achieved a net increase in cash and cash equivalents of CNY 51,617,949.83, recovering from a decrease of CNY -78,693,843.23 in the previous period[128]. Shareholder Information - A total of 142,235,353 shares, accounting for 33.45% of the total share capital, were released from restrictions on February 15, 2016[90]. - The total number of ordinary shareholders at the end of the reporting period was 22,302[95]. - The largest shareholder, China Huayang Investment Holding Co., Ltd., held 17.99% of shares, totaling 76,496,653 shares[95]. - The second-largest shareholder, Shenzhen Aoshengxia Industrial Co., Ltd., held 16.54% of shares, totaling 70,350,000 shares[95]. Corporate Governance and Strategy - The company has undergone changes in its board of directors to strengthen corporate governance following the departure of several members[28]. - The board of directors is actively working on diversifying operations and developing new products to enhance profitability[28]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[136]. Investment and Research - Research and development investment was ¥306,514.55, down 7.10% from the previous year[32]. - The company aims to stabilize the air conditioning system for cranes while accelerating the development of truck air conditioning systems and new energy bus air compressor units[37]. - The company is actively seeking new profit growth points through capital operations and project introductions[38]. Compliance and Auditing - The company’s half-year financial report was not audited[83]. - The financial statements are prepared based on the accrual basis of accounting, in accordance with the accounting standards issued by the Ministry of Finance[152]. - The company confirmed that there are no significant doubts regarding its ability to continue as a going concern for the next 12 months[153]. Miscellaneous - The company did not distribute cash dividends or issue bonus shares for this period[6]. - There were no major litigation or arbitration matters during the reporting period[61]. - The company did not engage in any asset acquisitions or sales related party transactions during the reporting period[69].

Financial Performance - Revenue for the first quarter was ¥8,647,778.75, a decrease of 38.61% compared to ¥14,086,092.72 in the same period last year[8] - Net profit attributable to shareholders was -¥3,862,134.13, improving by 39.40% from -¥6,374,065.19 year-on-year[8] - Basic and diluted earnings per share were both -¥0.009, showing a 40.00% improvement from -¥0.015 in the same period last year[8] - Operating revenue decreased by 38.61% to ¥864.78 million from ¥1,408.61 million, mainly due to a reduction in orders and sales decline[15] - Operating costs fell by 42.73% to ¥768.01 million from ¥1,340.93 million, attributed to the same reasons as the revenue decline[15] - Sales expenses decreased by 69.75% to ¥43.37 million from ¥143.38 million, reflecting the decrease in orders and sales[15] - Cash received from sales of goods and services dropped by 47.63% to ¥778.97 million from ¥1,487.36 million, due to reduced orders[15] - Cash paid for taxes decreased by 41.33% to ¥148.65 million from ¥253.38 million, as there were no prior overdue tax payments in the current period[15] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥296,889,194.36, down 3.03% from ¥306,177,034.20 at the end of the previous year[8] - Net assets attributable to shareholders decreased by 2.51% to ¥149,709,892.65 from ¥153,572,026.78 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 23,732[11] - The largest shareholder, China Huayang Investment Holdings Co., Ltd., held 17.99% of shares, totaling 76,496,653 shares[11] - Shenzhen Aoshengxia Industrial Co., Ltd. was the second-largest shareholder with a 16.54% stake, amounting to 70,350,000 shares[11] Cash Flow and Investments - Net cash flow from operating activities was -¥7,804,696.80, a slight increase of 1.60% compared to -¥7,681,680.88 in the previous year[8] - Cash and cash equivalents increased by 85.03% to ¥88,652.7 from ¥47,912.7, primarily due to the recovery of principal from investment bank guaranteed financial products[15] - Investment income increased significantly to ¥22.35 million from no prior income, mainly from returns on investment bank guaranteed financial products[15] - Cash recovered from investments was ¥5,000 million, marking a full increase due to the recovery of principal from bank guaranteed financial products[15] Corporate Actions and Compliance - The company did not engage in any repurchase transactions during the reporting period[12] - The company is in the process of planning a non-public issuance of A-shares[16] - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[23][24]

Financial Performance - The company reported a net profit loss for two consecutive years (2014 and 2015), raising the risk of stock suspension if the loss continues in 2016[6]. - The company's operating revenue for 2015 was ¥47,042,013.31, a decrease of 14.05% compared to ¥54,731,651.90 in 2014[19]. - The net profit attributable to shareholders was -¥46,815,739.26, representing a decline of 28.07% from -¥36,552,900.66 in the previous year[19]. - The net cash flow from operating activities was -¥28,376,350.61, an increase of 1,037.10% compared to -¥2,495,503.53 in 2014[19]. - Total assets at the end of 2015 were ¥306,177,034.20, down 18.12% from ¥373,924,717.67 at the end of 2014[19]. - The net assets attributable to shareholders decreased by 23.36% to ¥153,572,026.78 from ¥200,387,766.04 in 2014[19]. - The company's main business revenue for 2015 was CNY 46.57 million, a decrease of 9.42% compared to 2014[37]. - The net profit attributable to the parent company was a loss of CNY 46.82 million, an increase in loss of 28.07% year-on-year[37]. - Management expenses increased by 32.32% to CNY 56.65 million, primarily due to increased salaries and depreciation costs after relocation[37]. - The company reported a total asset value of ¥73,886,047.7 and a net asset value of ¥23,753,328.6[62]. - The company reported a net loss of approximately ¥46.82 million in 2015, following a loss of ¥36.55 million in 2014, indicating a continuous decline in profitability[79]. - The company plans to actively seek methods to achieve profitability in 2016, focusing on improving operational efficiency and management effectiveness[74]. Business Strategy and Operations - The company is focusing on expanding its automotive air conditioning and related components market, with new product development efforts underway[27]. - A new water tank project has been completed and is expected to generate sales in 2016, alongside increased research and development for vehicle systems[27]. - The company signed a project development management agreement to activate its quality land assets, which are currently undergoing equipment relocation and waste material processing[28]. - The company is diversifying its business strategy by exploring new customers, new markets, and new technologies to mitigate risks associated with market competition and customer concentration[73]. - The company plans to increase R&D investment and focus on developing new energy bus air conditioning products to secure its position in the industry[67]. - The company aims to stabilize existing customer relationships while actively expanding its customer base in 2016[67]. Risks and Challenges - The company faces several risks, including industry slowdown, intensified market competition, and reliance on major customers[6]. - The automotive air conditioning industry is facing challenges due to intense competition and fluctuating raw material prices, particularly copper and aluminum[29]. - The company identified issues such as an aging workforce and a lack of expertise in new energy vehicle air conditioning, which are critical for future growth[30]. - The company is experiencing pressure from rising costs of raw materials and labor, impacting profitability[66]. - The company faces significant competition from international automotive parts giants, which poses a challenge to domestic firms[66]. Shareholder and Governance - The company’s major shareholder, Shenzhen Aoshengxia Industrial Co., Ltd., transferred 100% of its equity to a new actual controller, Li Rujing, in November 2015[17]. - The company has established a governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, and supervisory board, ensuring effective operation and internal control[161]. - The board of directors operates efficiently, with all members possessing strong professional backgrounds and actively participating in relevant training to enhance their capabilities[162]. - Independent directors play a crucial role in decision-making, providing valuable insights on financial audits and major transactions, and ensuring compliance with regulations[163]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operational capabilities[165]. Financial Management - The company has been actively managing its financial resources, including the use of special accounts for debt repayment and operational funding[15]. - The company received a total of 24,136.71 million CNY in initial funding for the equity division reform, with 9,840.00 million CNY from Shenzhen Aoshengxia Industrial Co., Ltd. and 14,296.71 million CNY from China Huayang Investment Holdings Co., Ltd.[10]. - The company transferred 5,000 million CNY from the equity reform special account to purchase bank financial products, which yielded a total return of 1,001,095.89 CNY upon maturity[15]. - The company has engaged in entrusted financial management, with a total of 10 million yuan in entrusted funds, all of which were recovered[106]. - The company has no plans for future entrusted financial management[106]. Employee Management - The total number of employees in the company is 196, with 66 in the parent company and 130 in major subsidiaries[155]. - The company has a professional composition of 120 production personnel, 4 sales personnel, 11 technical personnel, 11 financial personnel, and 50 administrative personnel[155]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 303.43 million yuan[154]. - The company trained 350 employees during the reporting period, totaling 1400 training hours[158]. - The employee compensation structure includes base salary, performance bonuses, and other benefits, tailored to different roles[157]. Compliance and Legal Matters - The company was fined 300,000 yuan by the China Securities Regulatory Commission for information disclosure violations[109]. - The company has not faced any major litigation or arbitration matters during the reporting period[90]. - The company has not reported any penalties or disciplinary actions from regulatory bodies against its directors or management[146]. Market and Sales Performance - The sales volume of automotive air conditioning units decreased by 16.41% to 643,924 sets in 2015[44]. - The company experienced a significant revenue decline in East China and North China, with decreases of 61.91% and 58.12% respectively[41]. - The Southwest region saw a revenue increase of 33.37%, contributing 69.42% to the total revenue[41]. - Total sales amount from the top five customers reached ¥40,842,363.79, accounting for 87.70% of the annual sales[47]. - The largest customer, Chongqing Lifan Passenger Car Co., Ltd., contributed ¥25,825,752.56, representing 55.46% of total sales[47].

恒立实业发展集团股份有限公司 2015 年第三季度报告正文 证券代码：000622 证券简称：恒立实业 公告编号：2015-78 恒立实业发展集团股份有限公司 2015 年第三季度报告正文 1 恒立实业发展集团股份有限公司 2015 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。 公司负责人刘炬、主管会计工作负责人叶华及会计机构负责人(会计主管人员)程建声明：保证季度报 告中财务报表的真实、准确、完整。 2 恒立实业发展集团股份有限公司 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 □ 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） | 331,636,493.51 | | 373,924,717.67 | | -11.31% | | 归属于上市公司股东的净资产 | 177,6 ...

Financial Performance - The company's operating revenue for the first half of 2015 was ¥26,994,188.64, a decrease of 20.76% compared to ¥34,064,601.17 in the same period last year[21]. - The net profit attributable to shareholders was -¥15,262,188.18, representing an increase of 57.00% from -¥9,721,421.02 year-on-year[21]. - The company achieved a main business revenue of 26.82 million yuan, a year-on-year decrease of 20.25%[31]. - The net profit attributable to the parent company was -15.26 million yuan, with a year-on-year loss increase of 57.00%[31]. - The net loss for the period was CNY -16,796,452.25, compared to a net loss of CNY -10,024,454.99 in the previous period, indicating a worsening of approximately 67.5%[124]. - The total comprehensive income for the current period is a loss of CNY 10,792,570.51, compared to a loss of CNY 8,486,657.17 in the previous period, marking an increase in comprehensive losses of approximately 27.2%[127]. Cash Flow and Assets - The net cash flow from operating activities improved to -¥12,190,730.81, a 22.59% increase compared to -¥15,746,602.44 in the previous year[21]. - The company reported a cash flow from operating activities of -12.19 million yuan, a decrease of 22.58% year-on-year[36]. - The cash inflow from operating activities totaled CNY 29,568,427.10, a decrease from CNY 89,010,277.64 in the previous period, indicating a decline of approximately 66.8%[129]. - The total assets decreased by 7.80% to ¥344,766,210.14 from ¥373,924,717.67 at the end of the previous year[21]. - The company's current assets totaled RMB 206,998,397.39, down from RMB 232,380,633.46, indicating a decrease of about 10.9%[114]. - Cash and cash equivalents decreased significantly from RMB 137,995,493.51 to RMB 60,573,469.91, a drop of around 56.1%[113]. Liabilities and Equity - Total liabilities decreased to CNY 126,597,367.02 from CNY 148,192,206.11, a reduction of about 14.5%[120]. - The total equity attributable to the parent company decreased to CNY 190,190,050.49 from CNY 200,982,621.00, a decline of approximately 5.9%[120]. - The company's equity remained unchanged at RMB 425,226,000.00 during the reporting period[115]. - The retained earnings showed a negative adjustment of 408,500, which impacted the overall equity position[140]. Operational Strategy and Market Position - The company is exploring new product development and diversifying its business operations to enhance profitability[30]. - The company plans to strengthen market marketing and develop new products and markets in response to competitive pressures[37]. - The company faced significant market risks, with major automotive manufacturers having established supplier relationships that dominate 80% of the market share[32]. - The company is increasing its technical investment in environmentally friendly air conditioning technologies[33]. Regulatory and Compliance Issues - The company received a warning and a fine of ¥300,000 from the regulatory authority due to information disclosure violations[30]. - The company received a warning and a fine of CNY 300,000 from the China Securities Regulatory Commission for disclosure violations[88]. - The company has not faced any legal or regulatory risks that could lead to delisting during the reporting period[87]. Shareholder and Stock Information - The company plans to not distribute cash dividends or issue bonus shares for this period[7]. - The company’s major shareholder, Shenzhen Aoshengxia, had 70.35 million shares frozen due to a loan dispute, with the freeze lasting for two years[88]. - The company received a total of 249.36 million CNY in donations for the stock reform fund, with 98.40 million CNY from Shenzhen Aoshengxia Industrial Co., Ltd. and 142.97 million CNY from China Huayang Investment Holdings Co., Ltd.[91]. Investment and Subsidiaries - The company holds a 60% equity stake in Shanghai Hengan Air Conditioning Equipment Co., Ltd., which specializes in automotive air conditioning and refrigeration equipment[42]. - The net profit of Shanghai Hengan Air Conditioning Equipment Co., Ltd. for the reporting period was a loss of ¥3,835,669.07, primarily due to product adjustments by upstream automotive manufacturers[54]. - The company invested a total of ¥161,597,153.19 during the reporting period, unchanged from the same period last year[42]. Accounting and Financial Reporting - The financial report for the first half of 2015 was approved by the board on July 31, 2015, reflecting the company’s financial position and operational results[153]. - The company's accounting policies comply with the latest accounting standards issued by the Ministry of Finance, ensuring accurate financial reporting[157]. - The company's financial report for the first half of the year has not been audited[84].

Financial Performance - The company's operating revenue for the first half of 2015 was ¥26,994,188.64, a decrease of 20.76% compared to ¥34,064,601.17 in the same period last year[21]. - The net profit attributable to shareholders was -¥15,262,188.18, representing an increase of 57.00% from -¥9,721,421.02 year-on-year[21]. - The weighted average return on net assets was -7.92%, a decline of 89.02% compared to -4.19% in the previous year[21]. - The company achieved a main business revenue of 26.82 million yuan, a year-on-year decrease of 20.25%[31]. - The net profit attributable to the parent company was -15.26 million yuan, with a year-on-year loss increase of 57.00%[31]. - The operating profit for the first half of 2015 was a loss of CNY 17,669,149.75, compared to a loss of CNY 10,804,493.68 in the previous year, reflecting a worsening of approximately 63.5%[123]. - Net profit for the first half of 2015 was a loss of CNY 16,796,452.25, compared to a loss of CNY 10,024,454.99 in the same period of 2014, indicating an increase in losses of about 67.5%[124]. - The total comprehensive income for the first half of 2015 was a loss of CNY 16,796,452.25, compared to a loss of CNY 10,024,454.99 in the same period of 2014, reflecting an increase in losses of approximately 67.5%[124]. Cash Flow and Investments - The net cash flow from operating activities improved to -¥12,190,730.81, a 22.59% increase compared to -¥15,746,602.44 in the previous year[21]. - The company reported a cash flow from operating activities of -12.19 million yuan, a decrease of 22.58% year-on-year[36]. - Cash inflows from operating activities totaled CNY 29,568,427.10, significantly lower than CNY 89,010,277.64 in the same period of 2014, representing a decrease of about 66.8%[129]. - The net cash flow from investing activities was -52,503,112.42 CNY, compared to -14,680,457.43 CNY in the previous period, reflecting increased investment outflows[130]. - The total cash outflow from investing activities amounted to 52,503,112.42 CNY, significantly higher than the previous period's 14,951,553.15 CNY[130]. - The company paid 14,000,000.00 CNY in dividends and interest during the current period, with no cash inflow from financing activities reported[131]. Assets and Liabilities - Total assets at the end of the reporting period were ¥344,766,210.14, down 7.80% from ¥373,924,717.67 at the end of the previous year[21]. - The company reported a negative retained earnings of CNY -424.29 million, compared to CNY -409.03 million in the previous period[116]. - Total liabilities decreased from CNY 151.63 billion to CNY 139.27 billion, a decline of around 8.1%[115]. - Owner's equity decreased from CNY 222.30 billion to CNY 205.50 billion, a reduction of about 7.6%[116]. - Cash and cash equivalents decreased significantly from CNY 121.71 million to CNY 46.18 million, a decline of approximately 62.0%[118]. Corporate Governance and Compliance - The company is focusing on improving its corporate governance and internal control systems in compliance with regulatory requirements[30]. - The company has faced regulatory scrutiny, receiving a warning and a fine of ¥300,000 due to information disclosure violations[30]. - The company’s internal control manual was published on February 5, 2015, as part of its internal control system construction[90]. - The company has engaged Huading Fanglue Consulting Company for internal control system development since October 2014[90]. Strategic Plans and Market Position - The company is actively working on a major asset restructuring plan with shareholders, which has led to a suspension of stock trading since April 14, 2015[30]. - The company is exploring new product development and diversifying its business operations to enhance profitability[30]. - The company is focusing on enhancing market marketing and recruiting experienced personnel to improve its competitive position[33]. - The company plans to increase investment in technology related to environmentally friendly air conditioning systems[33]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[139]. Shareholder Information - The company’s total shares outstanding as of the report date is 425,226,000, with 33.45% held by other domestic investors and 66.55% held as unrestricted shares[96]. - The largest shareholder, China Huayang Investment Holdings, holds 17.99% of shares, totaling 76,496,650 shares[98]. - The company’s third-largest shareholder, China Great Wall Asset Management, had 9,772,047 shares released from lock-up on February 9, 2015[88]. - The company has not conducted any repurchase transactions during the reporting period[100]. Financial Reporting and Audit - The company’s half-year financial report has not been audited[84]. - The financial statements are prepared based on the assumption of continued operations and comply with the latest accounting standards issued by the Ministry of Finance[157]. Risk Management - The company faced significant market risks due to low entry barriers in the automotive industry and strong supplier relationships among major manufacturers[33]. - The company has allocated 72.81 million for general risk reserves, reflecting a proactive approach to financial stability[138].

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the year 2014, representing a year-on-year increase of 12%[23]. - The net profit attributable to shareholders was 200 million RMB, which is a 15% increase compared to the previous year[23]. - The company's operating revenue for 2014 was ¥54,731,651.90, a decrease of 70.11% compared to ¥183,080,851.69 in 2013[24]. - The net profit attributable to shareholders was -¥36,552,900.66, representing a decline of 460.88% from ¥10,128,734.32 in the previous year[24]. - The company reported a significant increase in financial income, with interest income rising by 232.91% due to no borrowing costs and increased bank deposit interest[34]. - The company reported a cash dividend of -36,552,900.66 yuan in 2014, with no cash dividend distribution plan for the current year[85]. - The company reported a net loss of CNY 874.75 million, a decline of 495.87% from a profit of CNY 220.97 million in the previous year[117]. - The total assets decreased by 6.03% to CNY 8,760.82 million from CNY 9,322.64 million in the previous year[117]. - The company faced a significant increase in financial expenses, which rose by 486.86% to CNY -94.34 million from CNY -16.08 million[117]. - The total operating revenue for the current period was CNY 54,731,651.90, a decrease of 70.05% compared to CNY 183,080,851.69 in the previous period[198]. Market Strategy and Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 20% growth in that region over the next two years[23]. - The management has set a performance guidance of 10-15% revenue growth for 2015, driven by new product launches[23]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market share[23]. - The company aims to produce 6,000 air conditioning systems and 30,000 evaporators and condensers in 2015[76]. - The company plans to develop air compressors for electric buses, with a projected market demand of 40,000 units in 2016 and 100,000 units in 2017[78]. Research and Development - Research and development expenses increased by 10% to 150 million RMB, focusing on new product innovations and technology advancements[23]. - The company is focusing on upgrading its technology and equipment to enhance competitiveness in the automotive air conditioning market[79]. - The company has established a strategic partnership with a technology firm to enhance its product development capabilities[23]. - Research and development expenses amounted to 928,279.26 yuan, a decrease of 28.34% from the previous year, but the ratio of R&D expenses to operating revenue increased by 139.43%[44]. Operational Challenges - The company has identified market competition risk as a significant concern, which could impact future profitability[14]. - The sales volume of automotive parts decreased by 46.16% to 770,341 sets, while production volume fell by 46.52% to 845,828 sets due to the relocation of the Shanghai production base[38]. - The company faced a fine of ¥300,000 due to information disclosure violations, as indicated in the administrative penalty notice received in November 2014[30]. - In 2014, the company faced severe talent loss and lacked competitive technology compared to first-tier manufacturers, limiting its market access[75]. Corporate Governance - The company completed the election of a new board of directors and management team, focusing on improving corporate governance[35]. - The company has established a standardized corporate governance structure in compliance with relevant laws and regulations, ensuring clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[87]. - The company has maintained compliance with all commitments made to shareholders, with no issues reported[111]. - The company has a strong governance structure with independent directors and a supervisory board in place[141]. - The company has established a comprehensive governance structure, ensuring clear responsibilities and effective decision-making among shareholders, the board of directors, and management[162]. Financial Position and Assets - The company's total assets decreased by 13.04% to ¥373,924,717.67 from ¥430,002,804.88 at the end of 2013[24]. - The company's total liabilities increased by 6.68% to CNY 4,997.74 million from CNY 4,684.82 million[117]. - The company's equity attributable to shareholders decreased from CNY 236,940,436.73 to CNY 200,387,766.04, reflecting a decline of about 15.37%[192]. - The company maintained a long-term investment of CNY 153,863,653.19, which increased from CNY 68,226,748.14, indicating a growth of approximately 125.67%[194][195]. Employee and Management - The company employed a total of 196 staff, including 120 production personnel and 11 technical personnel[155]. - The company provided training for 350 employees, totaling 1,400 training hours during the reporting period[159]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 2.7033 million[152]. - The remuneration for the chairman was CNY 461,500, while the total remuneration for the president was CNY 217,900[152]. Compliance and Internal Control - The company maintained effective internal control over financial reporting as of December 31, 2014, in all material respects[181]. - The internal control evaluation report was disclosed on April 24, 2015, ensuring transparency in the company's internal control processes[179]. - The internal control audit report confirmed that there were no non-standard opinions issued, indicating a strong internal control environment[181]. - The company has implemented a system for accountability regarding significant errors in the annual report, ensuring diligence and compliance with regulations[181].