Financial Performance - The company's operating revenue for 2018 was ¥8,001,726,234.60, representing a 26.00% increase compared to the previous year[20]. - The net profit attributable to shareholders for 2018 was ¥80,473,104.69, a 24.91% increase from the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥111,657,406.08, showing a significant increase of 567.04% compared to the previous year[20]. - The basic earnings per share for 2018 was ¥0.0649, reflecting a 25.05% increase compared to the previous year[20]. - The total assets at the end of 2018 were ¥9,371,852,018.61, a decrease of 2.99% from the previous year[20]. - The net assets attributable to shareholders at the end of 2018 were ¥3,369,904,942.38, a decrease of 1.15% from the previous year[20]. - The company achieved a sales amount of approximately 1,483.88 million CNY through the repurchase warehouse model, accounting for 18.54% of its total revenue for 2018[39]. - The sales amount through the mortgage business was approximately 19.48 million CNY, representing 0.24% of the company's total revenue for 2018[42]. - The financing lease sales amounted to approximately 270.24 million CNY, which is 3.38% of the total revenue for 2018[43]. - The company reported a net profit of 80,473,104.69 CNY for 2018, with a significant increase in cash dividends compared to previous years where no dividends were distributed[144]. Dividend Distribution - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares, based on a total share capital of 1,240,787,611 shares, pending approval at the 2018 annual general meeting[8]. - Total cash dividends distributed amounted to ¥24,815,752.22, representing 100% of the profit distribution[148]. - The company has maintained a consistent cash dividend policy, ensuring compliance with its articles of association and shareholder resolutions[140]. - The remaining undistributed profit carried forward to future years is ¥1,447,941,318.36[148]. Corporate Governance and Management - The company emphasizes the importance of accurate and complete financial reporting, with all board members present for the meeting to discuss the annual report[7]. - The company is committed to ensuring the authenticity and completeness of the annual report, with key executives affirming the accuracy of the financial statements[7]. - The company has maintained its corporate governance structure, with no changes in major shareholders during the reporting period[15]. - The company’s legal representative is Liu Huisheng, reflecting its leadership structure[14]. - The company has not proposed any capital reserve fund conversion to share capital for the years 2016 and 2017, focusing instead on maintaining stable cash flow[141]. Market and Industry Analysis - The engineering machinery industry is experiencing a recovery, with strong demand for products in 2018, following a period of adjustment[33]. - The engineering machinery industry is experiencing a recovery driven by stable fixed asset investment and product upgrades, with increasing industry concentration favoring leading companies[37]. - The engineering machinery industry faces intense competition, particularly from international competitors offering lower prices and extending into the mid-to-low-end market[37]. - The company is a leading player in the domestic bulldozer market, primarily dominated by six major enterprises, including Shantui[38]. - The domestic market for bulldozers is highly concentrated, with the top six manufacturers holding over 95% market share[126]. Research and Development - The company completed 11 technology research projects and applied for 182 patents, including 36 invention patents, showcasing its commitment to innovation[69]. - Research and development expenses increased by 44.12% year-on-year to ¥228,640,359.47, driven by enhanced new product development efforts[90]. - The number of R&D personnel rose by 11.30% to 926, representing 17.18% of the total workforce[90]. - The company’s R&D investment accounted for 2.86% of operating revenue, up from 2.50% in the previous year[90]. Strategic Initiatives - The company has outlined risk factors and countermeasures that may affect its future development strategies and operational goals in the annual report[7]. - The company is focusing on smart technology development as a key competitive advantage in the industry[122]. - The company aims to establish a smart manufacturing system to meet diverse production demands and enhance customization capabilities[127]. - The company is enhancing its international competitiveness by expanding its presence in the "Belt and Road" markets[126]. - The company is actively monitoring exchange rate fluctuations to manage foreign currency risks associated with international sales[130]. Financial Management - The company established a total credit limit of 2.95 billion CNY with banks and financing leasing companies for various financing activities in 2018[44]. - The company reduced short-term loans from CNY 1.53 billion to CNY 1.30 billion, a decrease of 1.92 percentage points[97]. - Long-term loans increased slightly by 0.23 percentage points to CNY 992 million, reflecting the repayment of part of the long-term debt[97]. - The company engaged in financing leasing business with Shandong Heavy Industry Group Financing Leasing Co., Ltd., with a cooperation balance not exceeding CNY 1.3 billion[174]. Social Responsibility - The company actively fulfilled its social responsibilities, including stakeholder protection and environmental sustainability, as detailed in its 2018 Social Responsibility Report[182]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[184]. Operational Efficiency - The company completed the absorption merger of three wholly-owned subsidiaries, enhancing operational efficiency[113]. - The independent legal status of the absorbed subsidiaries has been canceled, and all assets, liabilities, businesses, and personnel have been inherited by the company[197]. - The merger was approved at the company's third extraordinary general meeting held on December 14, 2018, and the registration procedures for the cancellation of the subsidiaries were completed by March 19, 2019[197].

山推工程机械股份有限公司 2018 年第三季度季度报告正文 证券代码：000680 证券简称：山推股份 公告编号：2018-048 山推工程机械股份有限公司 2018 年第三季度季度报告正文 第一节 重要提示 1、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。 2、没有董事、监事、高级管理人员对本报告内容的真实性、准确性、完整性无法 保证或存在异议。 3、公司第三季度财务报告未经会计师事务所审计。 4、所有董事均已出席了审议本次季报的董事会会议。 5、公司董事长刘会胜先生、总经理张民先生、财务总监王俊伟先生、财务部副部 长（主持工作）宋强先生声明：保证季度报告中财务报表的真实、准确、完整。 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 1、公司是否需追溯调整或重述以前年度会计数据 □ 是 √否 | 目 项 | 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） | 9,895,238,674. ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 4,603,322,506.51, representing a 32.19% increase compared to CNY 3,482,347,331.72 in the same period last year[17]. - The net profit attributable to shareholders was CNY 74,937,658.11, up 33.68% from CNY 56,057,866.96 year-on-year[17]. - The net profit after deducting non-recurring gains and losses reached CNY 79,233,158.13, a significant increase of 67.92% compared to CNY 47,184,731.34 in the previous year[17]. - The basic earnings per share for the period was CNY 0.0604, reflecting a 33.63% increase from CNY 0.0452 in the same period last year[17]. - The total assets at the end of the reporting period were CNY 10,119,793,589.41, a 5.84% increase from CNY 9,561,029,842.61 at the end of the previous year[17]. - The net assets attributable to shareholders increased to CNY 3,378,390,364.25, up 2.14% from CNY 3,307,592,544.96 at the end of the previous year[17]. - The company reported a negative net cash flow from operating activities of CNY -208,716,227.29, a decline of 148.27% compared to CNY 432,371,209.10 in the same period last year[17]. - The weighted average return on equity increased to 2.24%, up 0.52 percentage points from 1.72% in the previous year[17]. Market Position and Strategy - The company is a leading player in the domestic bulldozer market, with a competitive landscape dominated by six main enterprises[27]. - The company maintained a domestic market share of over 70% in the bulldozer industry, reinforcing its brand advantage[41]. - The company is focusing on smart construction equipment development, reflecting a significant investment in R&D for intelligent control technologies[27]. - The company has established over 100 marketing outlets nationwide and expanded its overseas presence with more than 70 overseas agents or distributors[44]. - The company launched the "Shantui Butler" mobile system, enabling users to monitor and manage equipment in real-time, enhancing market competitiveness[45]. - The company plans to enhance its core competitiveness by improving product sales and expanding into key overseas markets[71]. Risks and Challenges - The report highlights potential risks and countermeasures faced by the company, which investors are advised to consider[6]. - The company is facing risks from macroeconomic policy adjustments, which could lead to decreased demand in the engineering machinery industry[71]. - The company is also addressing risks from intensified market competition and aims to maintain its market share through strategic channel development and customer management[72]. - Rising raw material prices, particularly for steel, pose a significant cost control challenge for the company[74]. - The company has a foreign exchange risk due to international operations, with non-RMB sales and assets exposed to exchange rate fluctuations[75]. - Trade barriers, particularly the US-China trade friction, may increase costs for domestic manufacturers importing components, impacting production costs[76]. Research and Development - The company has developed a comprehensive R&D system integrating design, testing, validation, and trial production, achieving advanced levels in several key technologies[42]. - The company holds 889 valid patents and 19 copyrights, showcasing its strong innovation capabilities[42]. - During the reporting period, the company applied for 71 new patents and received 53 new patent authorizations, including 3 invention patents and 6 design patents[43]. - The company focused on high-end technology, accelerating the R&D and upgrade of full hydraulic bulldozers and road machinery products[52]. Financial Management - The company has established a total credit limit of 2.95 billion CNY for 2018 with banks and leasing companies for various financing activities[33]. - The company has implemented strict management measures for agents to control potential repurchase risks, including pre-approval and ongoing monitoring[36]. - The company’s financial expenses decreased by 48.44% to CNY 38,119,756.42, mainly due to an increase in exchange gains[56]. - The company’s income tax expense increased by 944.05% to CNY 5,619,157.70, reflecting profitability during the reporting period[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 118,359[114]. - The largest shareholder, Shandong Heavy Industry Group Co., Ltd., holds 27.62% of the shares, totaling 342,765,440 shares[114]. - The company has 1,240,787,611 total shares outstanding, with 183,866,444 shares subject to trading restrictions[112]. - The company reported no significant changes in the shareholding structure among the top ten shareholders[114]. - There were no pledges or freezes on the shares held by the major shareholders[114]. Compliance and Governance - The half-year financial report has not been audited, indicating a lack of external verification for the reported figures[83]. - The company has not experienced any major litigation or arbitration matters during the reporting period[85]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[87]. - The company has maintained compliance with court judgments and has no significant debts due[86]. Accounting Policies - The company adheres to the accounting policies and estimates as per the relevant accounting standards, ensuring accurate financial reporting[133]. - The company includes all subsidiaries in its consolidated financial statements, ensuring comprehensive financial reporting[140]. - The company confirms that its financial statements reflect a true and complete view of its financial position as of June 30, 2018[134]. - The company utilizes RMB as its functional currency for accounting purposes[137].

Financial Performance - The company's operating revenue for Q1 2018 was CNY 2,115,175,516.69, representing a 30.83% increase compared to CNY 1,616,734,221.23 in the same period last year[4] - Net profit attributable to shareholders was CNY 42,047,112.00, a significant increase of 149.71% from CNY 16,838,469.19 year-on-year[4] - The net profit after deducting non-recurring gains and losses reached CNY 39,534,316.91, marking a 200.18% increase from CNY 13,170,046.93 in the previous year[4] - The basic earnings per share (EPS) was CNY 0.0339, up 149.26% from CNY 0.0136 in the same quarter last year[4] Assets and Shareholder Equity - The total assets at the end of the reporting period were CNY 10,143,333,494.34, reflecting a 6.09% increase from CNY 9,561,029,842.61 at the end of the previous year[4] - The net assets attributable to shareholders increased to CNY 3,353,795,294.96, a rise of 1.40% from CNY 3,307,592,544.96 at the end of the last year[4] Cash Flow - The company reported a net cash flow from operating activities of CNY -89,516,967.41, a decline of 332.57% compared to CNY 38,489,785.24 in the same period last year[4] - The net cash flow from investing activities increased by 192.74% to ¥39,869,452.28 from ¥13,619,328.12, attributed to higher dividends received from a joint venture[13] - The net cash flow from financing activities surged by 1309.36% to ¥235,755,747.36 from -¥19,494,280.07, indicating a substantial increase in cash received from borrowings[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 121,102[8] - The largest shareholder, Shandong Heavy Industry Group Co., Ltd., held 27.62% of the shares, totaling 342,765,440 shares[8] Operating Costs and Revenue - Operating costs increased by 32.26% to ¥1,818,434,623.95 from ¥1,374,879,723.63, reflecting higher sales volume[13] - Accounts receivable rose by 31.90% to ¥2,132,770,152.79 from ¥1,616,960,690.47, driven by increased sales revenue[13] - Tax payable increased by 63.02% to ¥39,943,761.12 from ¥24,502,712.89, reflecting higher sales revenue[13] Other Financial Information - The weighted average return on equity (ROE) was 1.26%, an increase of 0.74 percentage points from 0.52% year-on-year[4] - The company has not experienced any repurchase events related to the bank acceptance bills issued by dealers, which totaled ¥321,309,258 as of March 31, 2018[14] - The financing lease business balance stood at ¥207,727,425, with overdue amounts of ¥20,880,504, yet to reach contract repurchase conditions[15] - The company has committed to avoiding competition with its controlling shareholder, ensuring no similar business activities are conducted[18]

Financial Performance - The company's operating revenue for 2017 was CNY 6,350,799,795.13, representing a 44.19% increase compared to CNY 4,404,461,082.31 in 2016[14] - The net profit attributable to shareholders for 2017 was CNY 63,788,458.92, up 46.79% from CNY 43,455,422.05 in 2016[14] - The net cash flow from operating activities reached CNY 541,030,287.57, an increase of 98.07% compared to CNY 273,150,262.54 in 2016[14] - The basic earnings per share for 2017 was CNY 0.0514, a 46.86% increase from CNY 0.0350 in 2016[14] - Total assets at the end of 2017 were CNY 9,561,029,842.61, reflecting a 3.23% increase from CNY 9,262,041,348.22 at the end of 2016[14] - The net assets attributable to shareholders at the end of 2017 were CNY 3,307,592,544.96, a 2.51% increase from CNY 3,226,484,028.03 at the end of 2016[14] - The weighted average return on equity for 2017 was 1.95%, an increase of 0.59 percentage points from 1.36% in 2016[14] - The company reported a significant reduction in non-recurring losses, with a net profit excluding non-recurring items of CNY -24,700,919.79, improving by 83.43% from CNY -149,053,268.34 in 2016[14] Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[5] - The company reported a net profit of 63,788,458.92 CNY for 2017, with no cash dividends distributed[109] - The company has not proposed any profit distribution or capital reserve transfer to increase share capital for 2017, ensuring stable cash flow for ongoing operations[107][110] - The company maintained a consistent cash dividend policy, adhering to its articles of association and shareholder resolutions[105][106] - The company did not distribute dividends in the previous three years, including 2015, 2016, and 2017, due to losses and the need for stable cash flow[109] Market and Sales Performance - The company’s sales through the "保兑仓" (guaranteed warehouse) model amounted to approximately 1.32 billion, representing 20.76% of total revenue in 2017[29] - Sales through the mortgage model reached approximately 48.26 million, accounting for 0.76% of total revenue in 2017[29] - Financing lease sales amounted to approximately 262.59 million, which is 4.13% of total revenue in 2017[29] - The company achieved sales amounting to approximately 33 million yuan through commercial acceptance bill discounting, accounting for 0.52% of the total revenue for the year 2017[30] - The company’s overseas revenue reached ¥998,681,336.16, marking a significant year-on-year increase of 55.81%[54] - The sales volume of engineering machinery main products increased by 54.39% year-on-year, reaching 5,609 units sold in 2017[56] Operational Efficiency - The company has reduced its expense ratio by 4.98 percentage points compared to the previous year, indicating improved profitability[47] - The company implemented a cost control strategy, resulting in a reduction of operating costs in certain areas, such as a decrease in labor costs by 8.96%[58] - The company has established a long-term risk prevention mechanism for accounts receivable, enhancing operational quality[51] - The company has a strong competitive advantage due to its brand influence, product quality, and extensive marketing network, positioning it well within the industry[37] Research and Development - The company applied for 105 new patents and received 48 new patent authorizations in 2017, including 15 invention patents, which further solidified its competitive advantage in the industry[40] - The company is investing 200 million RMB in R&D for innovative technologies over the next three years[170] - R&D investment amounted to ¥158,640,772.19, representing 2.50% of operating revenue, a decrease of 0.64 percentage points compared to the previous year[62] Strategic Initiatives - The company is focusing on high-end intelligent products and plans to accelerate the development of fully hydraulic bulldozers to meet the demands of the European and American markets[91] - The company has established a comprehensive quality management system, continuously improving product quality and engaging in quality improvement activities across all staff[38] - The company is actively exploring international markets and strengthening brand promotion to enhance its global market strategy[97] Governance and Management - The company has a diverse board with members having extensive experience in finance, management, and international trade[165][166][167][168] - The company is focused on enhancing its management structure and governance through the recent elections[161] - The independent directors actively participated in major decision-making and provided independent opinions on significant matters such as external guarantees and related party transactions[189] Risk Management - The company is enhancing its risk management framework to prevent major risks and improve operational quality through a refined performance evaluation system[94] - The company is implementing measures to mitigate risks from rising raw material prices, including monitoring price trends and developing new suppliers in regions with lighter environmental restrictions[97] Future Outlook - In 2018, the company aims for a revenue target of 8.279 billion yuan, with overseas revenue projected at 2.4 billion yuan[91] - The company plans to invest 261 million yuan in 2018, primarily funded through product sales and debt financing[91] - The company anticipates a concentrated upgrade cycle for engineering machinery products due to the implementation of new emission standards between late 2020 and early 2021[85] Social Responsibility - The company actively undertook social responsibilities, ensuring the protection of stakeholders' rights and promoting sustainable development[135] - The company is not classified as a key pollutant discharge unit by environmental protection authorities[135]

山推工程机械股份有限公司 2017 年第三季度报告正文 证券代码：000680 证券简称：山推股份 公告编号：2017-045 山推工程机械股份有限公司 2017 年第三季度季度报告正文 第一节 重要提示 1、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。 2、没有董事、监事、高级管理人员对本报告内容的真实性、准确性、完整性无法 保证或存在异议。 3、公司第三季度财务报告未经会计师事务所审计。 4、所有董事均已出席了审议本次季报的董事会会议。 5、公司董事长张秀文先生、总经理李殿和先生、财务总监唐国庆先生、财务管理 部部长孙志伟先生声明：保证季度报告中财务报表的真实、准确、完整。 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 1、公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | 项 | 目 | 年初至报告期期末金额 | | --- | --- | --- | | 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） | | -10,003,464.95 | | 计入当期损益的政 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥3,482,347,331.72, representing a 46.17% increase compared to ¥2,382,335,239.47 in the same period last year[17]. - The net profit attributable to shareholders was ¥56,057,866.96, a significant increase of 306.69% from ¥13,783,987.80 in the previous year[17]. - The net cash flow from operating activities reached ¥432,371,209.10, marking a 561.62% increase from ¥65,350,647.81 in the same period last year[17]. - Basic earnings per share were ¥0.0452, up 307.21% from ¥0.0111 in the previous year[17]. - Total assets at the end of the reporting period were ¥9,823,640,261.72, reflecting a 6.06% increase from ¥9,262,041,348.22 at the end of the previous year[17]. - The net assets attributable to shareholders increased to ¥3,287,454,313.25, a rise of 1.89% from ¥3,226,484,028.03 at the end of the previous year[17]. - The gross profit margin increased by 0.39 percentage points compared to the previous year, reflecting improved operational quality[54]. - Operating costs amounted to ¥2,927,963,258.74, reflecting a 45.51% increase compared to the previous year[59]. - Research and development expenses increased by 32.25% to ¥113,421,002.58, indicating a commitment to product development[59]. - The company's cash and cash equivalents rose by 254.50% to ¥381,133,707.84, attributed to higher sales revenue and collections[61]. Market Position and Industry Overview - The company operates in the engineering machinery industry, which is a significant part of China's equipment manufacturing sector[24]. - The company remains a leading player in the domestic bulldozer industry, with a competitive landscape dominated by six main enterprises[28]. - The engineering machinery industry is experiencing a recovery, with major products seeing a year-on-year demand increase of 6% in the first half of 2017[26]. - The company’s bulldozer domestic market share exceeds 70%, maintaining its leading position in the domestic industry[42]. - The domestic market share of bulldozers surpassed 70%, solidifying the company's leadership position in the industry[55]. Innovation and Development - The company has a total of 806 valid patents and 14 copyrights, reflecting its strong innovation capabilities in the industry[45]. - The company completed 33 revisions of corporate standards in the first half of 2017, focusing on the establishment of 21 safety design series standards[46]. - The company has developed several competitive products, including high-power bulldozers and remote-controlled bulldozers, showcasing its advanced technology capabilities[45]. - The company has developed 6 types of crawler assemblies and 29 types of wheel systems, meeting the needs of major equipment customers[50]. - The company has developed a four-in-one innovation development system, focusing on product innovation and new technology research[45]. - The company is investing in smart construction equipment as a key development direction, leveraging advancements in big data[28]. Financial Management and Investments - The total credit limit for cooperation with banks and financing leasing companies in 2017 was set at 2.85 billion yuan[35]. - The company made investments totaling ¥35,217,391.30 during the reporting period, marking a 100% increase compared to the previous year[70]. - The company increased its investment in Shanzhong Financing Leasing Co., Ltd. by a total of 35.2174 million yuan, consisting of 17.6087 million yuan in cash and 17.6087 million yuan from undistributed profits, raising the registered capital to 920 million yuan[73][74]. - The company has identified risks related to macroeconomic policy adjustments, intensified market competition, and rising raw material prices, and is implementing strategies to mitigate these risks[81][82][84]. Corporate Governance and Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 133,491[120]. - The largest shareholder, Shandong Heavy Industry Group Co., Ltd., holds 27.62% of the shares, totaling 342,765,440 shares[120]. - The company issued an additional 36,998 restricted shares due to changes in management, bringing the total restricted shares to 183,872,253[118]. - The total number of shares outstanding remains at 1,240,787,611, with 85.18% being unrestricted shares[118]. - The company did not experience any changes in its controlling shareholder during the reporting period[122]. - The company reported no significant changes in the shareholding structure of the top ten shareholders[121]. Risk Management and Compliance - The company has implemented measures to mitigate foreign exchange risks, including accelerating receivables collection and expanding RMB settlements[85]. - The company has not engaged in any asset or equity acquisition or sale transactions during the reporting period[99]. - There are no significant non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[104]. - The company has not initiated any targeted poverty alleviation work during the reporting period[110]. Accounting Policies and Financial Reporting - The financial report for the first half of 2017 has not been audited[133]. - The company adheres to the accounting policies and estimates based on its operational characteristics, including methods for bad debt provisions and inventory valuation[138]. - The company includes all subsidiaries in the consolidated financial statements, including controlled entities and separable parts of invested units[145]. - The company recognizes its share of assets and liabilities in joint operations and accounts for income and expenses accordingly[146]. - Cash and cash equivalents are defined as cash on hand and deposits that are readily available for payment[148]. Accounts Receivable and Bad Debt Provisions - The total accounts receivable at the end of the period amounted to CNY 2,302,896,095.60, with a bad debt provision of CNY 330,683,917.99, representing 14.36% of the total[193]. - The significant individual accounts receivable with specific bad debt provisions totaled CNY 219,990,789.21, accounting for 9.55% of the total[193]. - The accounts receivable aging analysis showed that 1-year and below accounts totaled CNY 1,375,785,600.71, with a bad debt provision of CNY 68,789,280.05, representing a 5% provision rate[197]. - The company recorded a bad debt provision of CNY 41,736,461.18 during the period, with no recoveries or reversals[197]. - The company has insured short-term export credit with China Export Credit Insurance Corporation, mitigating recovery risks for certain receivables[196].

第一节 重要提示 1、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。 山推工程机械股份有限公司 2017 年第一季度报告正文 2、没有董事、监事、高级管理人员对本报告内容的真实性、准确性、完整性无法 保证或存在异议。 证券代码：000680 证券简称：山推股份 公告编号：2017-018 3、所有董事均已出席了审议本次季报的董事会会议。 山推工程机械股份有限公司 2017 年第一季度报告正文 4、公司董事长张秀文先生、总经理李殿和先生、财务总监唐国庆先生、财务管理 部部长孙志伟先生声明：保证季度报告中财务报告的真实、完整。 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 | 项 | 目 | 本报告期 | 上年同期 | 本报告期比上年同期增减(%) | | --- | --- | --- | --- | --- | | 营业收入(元) | | 1,616,734,221.23 | 1,229,488,900.4 ...

Financial Performance - The company's operating revenue for 2016 was CNY 4,404,461,082.31, representing a 16.81% increase compared to CNY 3,770,740,548.52 in 2015[14]. - The net profit attributable to shareholders in 2016 was CNY 43,455,422.05, a significant turnaround from a loss of CNY 875,521,757.56 in 2015, marking a 104.96% increase[14]. - The net cash flow from operating activities for 2016 was CNY 273,150,262.54, up 9.37% from CNY 249,741,255.27 in 2015[14]. - The basic earnings per share for 2016 was CNY 0.0350, compared to a loss of CNY 0.7056 per share in 2015, reflecting a 104.96% improvement[14]. - The gross profit margin increased by 12.63 percentage points compared to the previous year, indicating improved operational quality[44]. - The company achieved a revenue of 4.404 billion yuan in 2016, representing a year-on-year growth of 16.81%[44]. - The net profit attributable to the parent company was 43 million yuan, marking a turnaround from losses[44]. Assets and Liabilities - Total assets at the end of 2016 were CNY 9,262,041,348.22, a decrease of 1.46% from CNY 9,398,845,308.24 at the end of 2015[14]. - The net assets attributable to shareholders increased by 1.47% to CNY 3,226,484,028.03 at the end of 2016 from CNY 3,179,849,152.39 at the end of 2015[14]. - As of December 31, 2016, the company's total assets amounted to approximately CNY 9.25 billion, with a debt-to-asset ratio of 62.08%[67]. - The company's cash and cash equivalents decreased by 1.39 percentage points to 9.98% of total assets, totaling CNY 924.1 million[66]. - Accounts receivable increased by 1.10 percentage points to 19.97%, amounting to CNY 1.85 billion, driven by a year-on-year increase in sales revenue[66]. - Short-term borrowings rose significantly by 8.29 percentage points to 20.95%, totaling CNY 1.94 billion, due to the repayment of medium-term notes[66]. Market Position and Strategy - The company operates in the engineering machinery industry, which is highly correlated with macroeconomic conditions and fixed asset investments[23]. - The engineering machinery market has shown signs of stabilization and recovery since the second half of 2016, driven by infrastructure projects[23]. - The company maintains a leading position in the domestic bulldozer market, with a competitive landscape dominated by six major players[25]. - The company has increased its investment in the research and development of intelligent construction equipment, aligning with industry trends towards automation[25]. - The company is focusing on strategic development plans to adapt to the changing market dynamics and enhance its competitive edge[85]. - The company aims for a revenue target of 4.9 billion CNY in 2017, with overseas revenue projected at 859 million CNY[87]. Research and Development - A total of 84 new patent applications were filed, with 78 patents granted, including 19 invention patents and 59 utility model patents[39]. - Research and development investment for 2016 was ¥138,194,220.89, representing 3.14% of the total revenue, a decrease from 4.54% in 2015[62]. - The company will focus on developing full hydraulic bulldozer C and K series products, and accelerate the R&D of five new machine models[89]. Corporate Governance and Shareholder Relations - The company conducted 30 investor communication sessions in 2016, including 5 institutional visits and 25 individual communications[96]. - The company emphasized its commitment to avoiding competition with its controlling shareholder, Shandong Heavy Industry Group, ensuring no similar business activities[105]. - The company is focused on ensuring the protection of minority shareholders' rights and interests during its profit distribution processes[99]. - The company has maintained a clear and transparent cash dividend policy, adhering to its articles of association and shareholder resolutions[100]. Operational Efficiency - The company has made significant progress in organizational restructuring, reducing the management team from 10 to 4 members and cutting middle management by 47%[47]. - The company aims to reduce costs and improve efficiency through strict control of expenses and enhanced supply chain management[90]. - The company has established strict management measures for agents to control potential repurchase risks, including pre-approval measures and ongoing monitoring[34]. Legal and Compliance Matters - The company is involved in a significant lawsuit against Shandong Tianzhuang Coal Mine, claiming damages of 324.53 million CNY for property damage[112]. - The company reached a mediation agreement regarding the lawsuit with Shandong Tianzhuang Coal Mine, with asset delivery procedures currently being processed[117]. - The audit committee confirmed that the audit report for 2016 would be a standard unqualified opinion, indicating no significant discrepancies were found during the audit process[192]. Social Responsibility and Environmental Impact - The company invested CNY 211.52 million in environmental protection efforts, achieving a 100% compliance rate for waste emissions[132]. - The total amount of social contributions made by the company was CNY 120 million[132].

山推工程机械股份有限公司 2016 年第三季度报告正文 证券代码：000680 证券简称：山推股份 公告编号：2016-040 山推工程机械股份有限公司 2016 年第三季度季度报告正文 第一节 重要提示 1、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。 2、没有董事、监事、高级管理人员对本报告内容的真实性、准确性、完整性无法 保证或存在异议。 3、公司第三季度财务报告未经会计师事务所审计。 4、所有董事均已出席了审议本次季报的董事会会议。 5、公司董事长张秀文先生、总经理李殿和先生、财务总监唐国庆先生、财务管理 部部长孙志伟先生声明：保证季度报告中财务报表的真实、准确、完整。 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 山推工程机械股份有限公司 2016 年第三季度报告正文 2、非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | | --- | --- | | 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） | -458,335.07 ...