恒立实业发展集团股份有限公司 2015 年第一季度报告正文 1 恒立实业发展集团股份有限公司 2015 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。 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 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 卢剑波 独立董事 个人原因 冯东 施梁 董事 个人原因 吕友帮 证券代码：000622 证券简称：恒立实业 公告编号：2015-24 恒立实业发展集团股份有限公司 2015 年第一季度报告正文 恒立实业发展集团股份有限公司 2015 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | ...

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2014, representing a year-on-year increase of 15%[23] - The net profit attributable to shareholders was 150 million RMB, which is a 10% increase compared to the previous year[23] - The company's operating revenue for 2014 was CNY 54.73 million, a decrease of 70.11% compared to CNY 183.08 million in 2013[24] - The net profit attributable to shareholders was a loss of CNY 36.55 million, representing a decline of 460.88% from a profit of CNY 10.13 million in the previous year[24] - The company's total assets decreased by 13.04% to CNY 373.92 million from CNY 430.00 million at the end of 2013[24] - The net assets attributable to shareholders fell by 15.43% to CNY 200.39 million from CNY 236.94 million in 2013[24] - The main business income for 2014 was CNY 51.41 million, down 71.54% from CNY 180.64 million in 2013[35] - The company's total revenue for the automotive parts manufacturing sector was CNY 51,409,669.58, a decrease of 45.97% compared to the previous year[52] - The company's retained earnings showed a negative balance of CNY -409,026,158.22, worsening from CNY -372,473,257.56 in the previous period[178] - The total equity attributable to shareholders decreased to CNY 200,387,766.04 from CNY 236,940,436.73, a decline of 15.36%[178] 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 company is exploring potential mergers and acquisitions to enhance its product offerings and market reach[23] - The company aims to achieve a revenue target of 1.5 billion RMB for the year 2015, reflecting a growth rate of 25%[23] Research and Development - Research and development expenses increased by 25% to 100 million RMB, focusing on new product innovations and technology advancements[23] - Research and development expenditure decreased by 28.34% to ¥928,279.26, while its proportion of operating income increased by 139.43% to 1.70%[45] Financial Management and Governance - The board of directors emphasized the importance of maintaining financial accuracy and transparency in reporting[5] - The company has maintained compliance with legal regulations and has established a sound corporate governance structure[78] - The company has a governance structure that includes a shareholders' meeting as the highest authority, a board of directors for decision-making, and a supervisory board for oversight[148] - The board of directors has established three professional committees: Strategic and Investment Decision Committee, Audit Committee, and Nomination, Compensation and Assessment Committee[150] Shareholder Information - No cash dividends or stock bonuses will be distributed to shareholders for the year 2014[6] - The company has not proposed any cash dividend distribution plan despite having a positive undistributed profit for the year[75] - The company has a total of 22,557 shareholders as of the report date[116] - Major shareholders include China Huayang Investment Co., Ltd. with a 17.99% stake and Shenzhen Aoshengxia Industrial Co., Ltd. with a 16.54% stake[117] Operational Challenges - The company has identified a risk of market competition, which could impact future profitability and market share[14] - The company's sales volume in the automotive parts manufacturing industry decreased by 46.16% year-on-year, totaling 770,341 sets in 2014 compared to 1,430,694 sets in 2013[38] - Cash inflow from operating activities decreased by 51.06% to ¥122,333,264.30, primarily due to a reduction in trade business[47] - Cash outflow from operating activities decreased by 57.82% to ¥124,828,767.83, also attributed to a reduction in trade business[48] Employee and Management Information - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 2.7033 million[137] - The company had a total of 196 employees, with 120 in production, 4 in sales, 11 in technology, 11 in finance, and 50 in administration[141] - The company provided training for 350 employees, totaling 1400 training hours during the reporting period[145] Legal and Regulatory Compliance - The company has not engaged in any major non-fundraising investment projects during the reporting period[70] - There were no penalties or rectifications during the reporting period[104] - The company has not experienced any regulatory issues related to insider information management during the reporting period[151] Cash Flow and Investment Activities - The total cash inflow from investment activities surged by 203,851.81% to ¥68,170,892.85, mainly due to compensation received for the relocation of a subsidiary[47] - The company reported a total cash inflow from investment activities of ¥68,170,892.85, while cash outflow was ¥101,683,498.06, resulting in a net cash outflow of ¥33,512,605.21[193] Internal Control and Audit - The company maintained effective internal control over financial reporting as of December 31, 2014, with no significant deficiencies reported[167] - The audit opinion issued by Tianzhi International Accounting Firm was a standard unqualified opinion, confirming the fair presentation of the financial statements[170]

Financial Performance - Operating revenue for the reporting period was CNY 8,422,522.41, down 67.47% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 6,644,910.05, an increase in loss of 165.43% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 6,654,573.86, an increase in loss of 171.00% year-on-year[7] - Basic earnings per share were -CNY 0.016, an increase in loss of 166.67% compared to the same period last year[7] - The company's operating revenue for Q3 2014 was 4,248.71 million, a decrease of 38.64% compared to 6,924.50 million in the same period last year[23] - Net profit for the period was -1,814.03 million, representing a 167.88% increase in losses compared to -677.19 million in the previous year[23] Assets and Liabilities - Total assets decreased by 10.33% to CNY 385,588,210.65 compared to the end of the previous year[7] - The company's cash and cash equivalents decreased by 37.76% from CNY 22,447.14 million to CNY 13,970.72 million, primarily due to land investment transfer tax and increased management expenses[22] - Accounts receivable notes decreased by 40.69% from CNY 1,583.39 million to CNY 939.09 million, mainly due to the maturity and payment of notes[22] - The company reported a significant increase in other receivables, which rose by 366.76% to 3,407.72 million due to increased payments for transactions[23] - The company’s cash and cash equivalents net decrease was -3,431.56 million, a 67.06% increase in outflows compared to -2,054.11 million in the previous year[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,798[10] - The largest shareholder, China Huayang Investment Holdings, held 17.99% of shares, with 76,496,653 shares frozen[10] Management and Expenses - Management expenses rose by 43.46% to 2,307.58 million, attributed to increased salaries for senior management and costs related to the new office renovation[23] - The company reported a net cash flow from operating activities of -CNY 13,655,124.91, down 29.03% year-on-year[7] - The cash flow from operating activities was -1,365.51 million, a 29.03% improvement from -1,924.03 million in the previous year[23] Investments and Impairments - Long-term equity investments were fully impaired for several companies, including Yueyang Xingsheng Air Conditioning Co., Ltd., due to their cessation of operations[14] - The investment in Beijing Foton Environmental Power Co., Ltd. was reclassified to available-for-sale financial assets, with an original investment of CNY 500,000[14] - The company has fully impaired investments in several companies due to their unknown operational status and inability to obtain relevant accounting information[16] - The company continues to monitor its investments and has made necessary provisions for impairment as required by the new accounting standards[14] - The company’s long-term equity investments were adjusted to zero, reflecting a 100% decrease due to new accounting standards[23] Regulatory and Compliance - The company is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations, with no results reported as of the date of the financial report[25] Non-Recurring Items - Non-recurring gains and losses totaled CNY 590,987.73 for the year-to-date[8] - The company has not made any changes to the scope of consolidation in its financial statements as per the revised accounting standards[18] - The company has not established any post-employment benefit plans according to the revised employee compensation accounting standards[17] - The company reported no changes in the classification of joint arrangements affecting its financial statements[21] - The company has not recognized any significant changes in its capital reserves and retained earnings due to the adjustments in long-term equity investments[16]

Financial Performance - The company's operating revenue for the first half of 2014 was ¥34,064,601.17, a decrease of 21.42% compared to ¥43,351,105.96 in the same period last year[21]. - The net profit attributable to shareholders was -¥9,721,421.02, representing a 93.33% increase in losses compared to -¥5,028,398.74 in the previous year[21]. - The net cash flow from operating activities was -¥15,746,602.44, a decline of 58.97% from -¥9,904,923.96 in the same period last year[21]. - The main business income for the first half of 2014 was ¥33,627,000, a year-on-year decrease of 21.28%[31]. - The company's basic earnings per share were -¥0.02, a 100.00% decline compared to -¥0.01 in the same period last year[21]. - The weighted average return on net assets was -4.19%, a decrease of 87.05% from -2.24% in the previous year[21]. - The company reported a net loss of CNY 389,469,697.63, compared to a loss of CNY 380,983,040.46 in the previous period[108]. - The company experienced a significant decrease in net profit compared to the previous period, with a loss of -9,721,421.02 CNY[123]. Assets and Liabilities - The total assets at the end of the reporting period were ¥411,209,909.87, down 4.37% from ¥430,002,804.88 at the end of the previous year[21]. - The net assets attributable to shareholders decreased by 4.10% to ¥227,219,015.71 from ¥236,940,436.73 at the end of the previous year[21]. - The company's cash and cash equivalents decreased to ¥167,185,089.60 from ¥224,471,388.00, representing a decline of approximately 25.5%[101]. - Total current assets decreased to ¥304,523,942.79 from ¥328,830,226.39, a reduction of about 7.4%[102]. - The company's total equity decreased to CNY 220,020,633.40 from CNY 228,507,290.57, a drop of 3.8%[108]. - Total liabilities decreased to CNY 129,761,043.95 from CNY 133,609,467.48, a reduction of 2.9%[107]. Cash Flow - The net cash flow from investment activities was -14,680,457.43, a significant decrease of 2,295.86% from -612,743.51 in the previous year[33]. - The net increase in cash and cash equivalents was -30,427,059.87, a decline of 189.29% compared to -10,517,667.47 in the previous year[33]. - The cash outflow for purchasing fixed assets and other long-term assets was 1,116,776.58 CNY, indicating ongoing capital expenditures[121]. - The total cash decrease for the period was -26,451,534.75 CNY, highlighting challenges in cash management[121]. Corporate Governance - The company has established a comprehensive governance structure, ensuring effective decision-making and operational coordination among shareholders, the board of directors, and management[53]. - The board of directors operates efficiently, with members possessing strong professional backgrounds and actively participating in relevant training to enhance their capabilities[54]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[56]. - The company did not engage in any asset acquisitions or sales during the reporting period, reflecting a focus on internal operations rather than external expansion[59][60]. - There were no major related party transactions or non-operating fund occupations by controlling shareholders during the reporting period, ensuring financial integrity[66][68]. Shareholder Information - The company is currently fulfilling its stock lock-up commitments, which are set to last until February 8, 2016, indicating a commitment to shareholder stability[77]. - The company held a shareholder meeting on June 12, 2014, to elect a new board of directors and supervisory board[82]. - The total number of ordinary shareholders was 23,758 as of the end of the reporting period[88]. - The company reported a decrease in the proportion of restricted shares from 53.44% to 35.75% following the release of restricted stock[85]. Regulatory Compliance - The company has not faced any penalties or corrective actions during the reporting period, indicating compliance with regulatory requirements[79]. - There is no risk of delisting due to legal violations during the reporting period, ensuring continued market presence[80]. - The company was under investigation by the China Securities Regulatory Commission for suspected information disclosure violations as of June 10, 2014[81]. Accounting Policies - The company operates under the accounting standards set by the Ministry of Finance, ensuring compliance with the 2006 accounting guidelines[138]. - The company uses RMB as its functional currency for accounting purposes[141]. - The company recognizes financial assets or liabilities at fair value upon initial recognition, with transaction costs directly expensed for those measured at fair value through profit or loss[153]. - Revenue from the sale of goods is recognized when ownership risks and rewards are transferred to the buyer, and the amount can be reliably measured[198]. Research and Development - Research and development expenses decreased by 27.12% to 543,802.30 from 746,139.86 in the previous year[33]. - The company recognizes internal research and development project expenditures as intangible assets if they meet specific criteria, including technical feasibility and intention to complete the asset[191].

恒立实业发展集团股份有限公司 2014 年第一季度报告正文 证券代码：000622 证券简称：恒立实业 公告编号：2014-19 恒立实业发展集团股份有限公司 2014 年第一季度报告正文 1 恒立实业发展集团股份有限公司 2014 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘炬、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 2014 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 14,770,957.57 | 21,107,4 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 15% compared to the previous year[22]. - The company achieved operating revenue of CNY 183.08 million in 2013, representing a year-on-year increase of 42.08%[33]. - Net profit attributable to shareholders reached CNY 10.13 million, a significant increase of 96.03% compared to the previous year[33]. - The company reported a significant improvement in its financial performance for the year 2013, with total revenue reaching approximately 1.5 billion RMB, representing a year-on-year increase of 15%[124]. - The company reported a net profit of CNY 11,012,458.21, compared to a net profit of CNY 7,940,492.48 in the previous year, marking a 38.8% increase[155]. - The net profit for the year was 1,883,802,000 RMB, reflecting a significant increase compared to previous periods[175]. Market Outlook and Strategy - The company has set a future outlook with a revenue target of 1.8 billion RMB for 2014, indicating an expected growth of 20%[22]. - The company plans to expand its market presence, targeting a 30% increase in market share within the next two years[22]. - The company is focusing on expanding into new markets while consolidating existing ones, emphasizing the development of new products for sustainable growth[39]. - The company plans to expand its market presence by enhancing its product offerings in refrigeration and air conditioning equipment[182]. Research and Development - New product development initiatives are underway, with an investment of 100 million RMB allocated for R&D in innovative technologies[22]. - The company plans to develop new products, including condensers and evaporators for the Lifan 620 and SUV X60 models, with expected mass production of the WPT engine D55 air conditioning system[39]. - Research and development expenses rose to 1.30 million yuan, a 35.11% increase from the previous year, representing 0.71% of operating revenue[48]. - The company plans to enhance research and development in the automotive parts sector through the newly established Yueyang Automotive Parts Co., Ltd.[67]. Governance and Compliance - The company’s governance structure has been strengthened, ensuring compliance and transparency in operations[22]. - The company has maintained a compliant governance structure, ensuring clear responsibilities among the shareholders, board of directors, and management[73]. - The company has successfully completed a shareholding reform and resumed trading on the Shenzhen Stock Exchange on February 8, 2013[73]. - The company has a total of three independent directors, ensuring compliance with corporate governance standards[102]. - The independent directors actively participated in board meetings, with an attendance rate of 70% for the board and 100% for the shareholder meetings, ensuring effective governance[123]. Risks and Challenges - The company has identified key risks, including market competition and customer concentration, which could impact future performance[13]. - The company’s stock price has shown volatility, with a fluctuation range of 10% over the past year, reflecting market conditions[13]. - The company’s top five customers accounted for 86.85% of total annual sales, with the largest customer contributing 46.7%[43]. Financial Position - Total assets as of December 31, 2013, were CNY 430.00 million, a slight decrease of 0.32% from the previous year[33]. - The company’s net assets at the end of 2013 were CNY 236.94 million, reflecting a year-on-year increase of 4.47%[33]. - The company’s cash and cash equivalents at the end of 2013 were CNY 224,471,388.00, accounting for 52.2% of total assets, down from 56.04% in 2012[56]. - The company’s total liabilities decreased from CNY 180,049,438.19 at the beginning of the year to CNY 167,653,920.28, representing a reduction of about 6.67%[147]. Shareholder Structure - The company reported a significant change in its shareholder structure, with China Huayang Investment Holding Co., Ltd. becoming the second largest shareholder, holding 76,496,653 shares, representing 17.99% of the total shares[108]. - The largest shareholder after the reform is Shenzhen Aoshengxia Industrial Co., holding 87,000,000 shares, which is 20.46% of the total[87]. - The company has a total of 22,557 shareholders at the end of the reporting period[90]. Employee and Management - The company has a total of 175 employees, with 104 in production, 3 in sales, 7 in technology, 7 in finance, and 54 in administration[110]. - The company conducted training for 151 employees, totaling 801 hours of training[112]. - The total remuneration for the board of directors, supervisors, and senior management during the reporting period amounted to 16.99 million CNY for the chairman and 9.41 million CNY for a director[104]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY -46.01 million, a decline of 325.93% year-on-year[33]. - Operating cash inflow totaled 249.94 million yuan, a 64.31% increase year-on-year, attributed to the growth in trading business[51]. - Cash flow from investment activities resulted in a net outflow of CNY 2,305,159.60, worsening from -CNY 1,204,041.80 in the previous year[161]. Internal Control and Audit - The company established a comprehensive internal control system, achieving its internal control objectives without any major deficiencies reported during the evaluation period[135]. - The board's audit committee conducted thorough oversight of the financial reports and the auditing process, ensuring compliance with regulatory standards[125]. - The company has implemented a unified management system for determining the remuneration of directors, supervisors, and senior management, which includes annual performance evaluations[103].