Financial Performance - Operating revenue for the reporting period was ¥591,539,091.05, a decrease of 5.46% year-on-year[7] - Net profit attributable to shareholders was ¥56,214,017.08, reflecting a slight increase of 1.83% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,945,497.76, down 5.65% year-on-year[7] - The basic earnings per share for the reporting period was ¥0.0491, an increase of 1.87% compared to the same period last year[7] - The weighted average return on net assets was 1.21%, a decrease of 0.01% compared to the previous year[7] Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,944,846,867.75, an increase of 6.61% compared to the end of the previous year[7] - Accounts receivable increased by 86.02% to ¥169,911.42 million due to sales of goods not yet settled[15] - Short-term borrowings rose by 67.90% to ¥28,794.75 million, indicating an increase in working capital loans[15] - Other payables surged by 111.86% to ¥26,853.91 million, primarily due to an increase in received research prepayments[15] - Deferred tax assets rose by 46.49% to ¥833.06 million due to an increase in bad debt provisions[15] - Other current assets decreased by 42.48% to ¥13,630.64 million, due to reduced expenditures on principal-protected financial products[15] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥51,982,459.13, showing a significant increase of 147.32%[7] - Operating cash flow improved by 147.32% to ¥5,198.25 million, attributed to a decrease in payments for goods purchased[15] - Investment cash flow increased by 94.25% to -¥3,225.26 million, driven by the recovery of principal from wealth management products[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 94,645[11] - The largest shareholder, Xi'an Aero Engine Control Co., Ltd., held 23.34% of the shares, totaling 267,438,629 shares[11] - The company reported no significant changes in shareholder agreements or repurchase transactions during the reporting period[12] Expenses and Subsidies - Sales expenses grew by 77.58% to ¥2,512.35 million, reflecting an increase in after-sales service costs[15] - Financial expenses decreased by 38.37% to ¥1,151.14 million, as interest income from deposits increased[15] - Government subsidies increased operating income by 52.68% to ¥1,622.15 million compared to the previous year[15]

Financial Performance - The company reported a revenue of ¥1,195,050,855.25, a decrease of 3.81% compared to the same period last year[21]. - The net profit attributable to shareholders was ¥96,302,400.02, down 3.83% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥92,243,428.51, reflecting a decline of 6.48% compared to the previous year[21]. - The company achieved a total profit of ¥11,297,000 during the reporting period[29]. - The company reported a total profit of CNY 11,297 million, down 3.43% year-on-year, primarily due to increased R&D expenses and higher operational costs after relocation[31]. - The total revenue for the first half of 2015 was CNY 90,133.33 million, with a net profit of CNY 26,834.89 million, reflecting a profit margin of approximately 29.7%[61]. - The company reported a significant increase in user data, with a 43.29% growth in the integrated control system segment, generating CNY 4,201.48 million in revenue[61]. - The company reported a decrease in cash paid for purchasing goods and services to CNY 357,645,102.12 from CNY 517,809,675.26 in the previous period[144]. Cash Flow and Investments - The net cash flow from operating activities improved significantly to -¥2,400,120.42, an increase of 98.25% from -¥137,262,899.71 in the same period last year[21]. - The net cash flow from operating activities was CNY -240 million, an increase of 98.25% year-on-year, mainly due to a reduction in procurement payments[34]. - Investment activities generated a net cash flow of CNY 111,493 million, a 116.04% increase year-on-year, attributed to decreased financial product and investment expenditures[34]. - Cash inflows from investment activities amounted to CNY 320,941,564.86, significantly higher than CNY 103,086,106.54 in the previous period[144]. - The net cash flow from investment activities was CNY 111,493,349.96, a substantial recovery from CNY -695,077,603.94 in the previous period[144]. - Cash inflows from financing activities were CNY 725,447,460.00, compared to CNY 762,500,000.00 in the previous period[145]. - The net cash flow from financing activities was CNY 11,713,859.50, an improvement from CNY -3,106,347.99 in the previous period[145]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,878,068,033.29, up 5.59% from the end of the previous year[21]. - The total liabilities of the company were CNY 2,118,451,101.53, compared to CNY 1,836,507,230.25 at the beginning of the period, indicating an increase of about 15.4%[128]. - The company's equity attributable to shareholders reached CNY 4,647,977,875.72, up from CNY 4,565,925,257.76, reflecting a growth of approximately 1.8%[129]. - The company's current assets totaled CNY 4,315,256,517.74, up from CNY 4,012,048,719.71 at the start of the period, reflecting a growth of approximately 7.57%[126][127]. - The total non-current assets amounted to CNY 2,562,811,515.55, an increase from CNY 2,502,034,701.36, showing a growth of approximately 2.4%[127]. Research and Development - The board emphasized the importance of research and innovation to meet customer demands and stabilize product quality[29]. - R&D expenses totaled CNY 33,104 million, representing a 51.67% increase year-on-year, aimed at enhancing core technological capabilities[34]. - The company is focusing on enhancing its aviation and defense business capabilities and expanding its market presence in non-aviation products[36]. Shareholder Information - The company did not declare any cash dividends or bonus shares for this period[6]. - The company will not distribute cash dividends or issue new shares in the first half of 2015[70]. - The total number of ordinary shareholders at the end of the reporting period was 72,257[111]. - The largest shareholder, Xi'an Aero Engine Control Co., Ltd., holds 267,438,629 shares, accounting for 23.34% of total shares[111]. Compliance and Governance - The governance structure of the company complies with the requirements of the Company Law and relevant regulations[74]. - The company’s financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring a true and complete reflection of its financial status as of June 30, 2015[172]. - The company’s financial reporting adheres to the disclosure requirements set by the China Securities Regulatory Commission, ensuring compliance and transparency[172]. Legal and Regulatory Matters - The company reported a litigation amount of 20,189,104.73 yuan related to a contract dispute with Yuzhao Energy, which has not been settled[75]. - The company has no significant litigation or arbitration matters during the reporting period[75]. - The company has not engaged in any asset acquisitions or sales during the reporting period[79][80]. Future Outlook - The company plans to focus on market expansion and new product development to enhance future growth prospects[136]. - The company plans to continue its focus on capital management and risk mitigation strategies in the upcoming periods[154].

Financial Performance - The company's operating revenue for Q1 2015 was ¥446,424,251.50, a decrease of 20.61% compared to ¥562,334,620.36 in the same period last year[8] - The net profit attributable to shareholders was ¥22,419,218.08, down 17.25% from ¥27,091,739.64 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥20,971,056.92, a decline of 27.97% from ¥29,112,860.85 in the previous year[8] - The basic earnings per share were ¥0.0196, down 16.95% from ¥0.0236 in the same period last year[8] - The diluted earnings per share were also ¥0.0196, reflecting a decrease of 16.95% compared to ¥0.0236 year-on-year[8] - The weighted average return on equity was 0.48%, down from 0.61% in the previous year[8] Cash Flow and Assets - The net cash flow from operating activities improved to -¥139,044,681.18, a 33.06% increase compared to -¥207,711,165.07 in the same period last year[8] - The total assets at the end of the reporting period were ¥6,556,560,766.83, reflecting a slight increase of 0.65% from ¥6,514,083,421.07 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥4,590,677,207.00, up 0.54% from ¥4,565,925,257.76 at the end of the last year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,356[11]

Financial Performance - The company achieved operating revenue of CNY 2,575,882,344.94 in 2014, a decrease of 1.39% compared to the previous year[23]. - Net profit attributable to shareholders was CNY 184,974,970.06, down 9.03% year-on-year[23]. - The company reported a basic earnings per share of CNY 0.1615, reflecting a decline of 19.73% from the previous year[23]. - Total assets increased by 0.71% to CNY 6,514,083,421.07 at the end of 2014[23]. - The weighted average return on equity was 4.13%, down from 6.22% in the previous year[23]. - The company’s total profit for the year was CNY 21,968,740, a decrease of 12.2% compared to the previous year[31]. - Cash flow from operating activities was CNY 138,144,437.89, an increase of 3.72% year-on-year[23]. - The company’s net assets attributable to shareholders increased by 3.71% to CNY 4,565,925,257.76[23]. - The company's revenue for 2014 was CNY 257,558 million, a decrease of 1.40% compared to CNY 261,213 million in 2013[37]. - The main business revenue was CNY 256,100 million, down 0.4% from CNY 257,126 million in the previous year[37]. Dividend Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 0.17 RMB per 10 shares based on a total of 1,145,642,349 shares, with no bonus shares issued[5]. - The company plans to distribute a cash dividend of 0.17 yuan per 10 shares, totaling 19,475,919.93 yuan for the year 2014[97]. - The cash dividend distribution accounted for 10.53% of the net profit attributable to shareholders in 2014[97]. - The company did not propose any capital reserve transfer to increase share capital for 2014[95]. Business Strategy and Development - The company plans to expand its market presence and invest in new technologies and products as part of its future strategy[13]. - The company aims to enhance its core capabilities and become a trusted system integration supplier in the aviation engine control industry[77]. - The company is focusing on strategic emerging industries and high-tech sectors, promoting innovation and transformation in non-aviation products[80]. - The company plans to adjust some of the investment projects due to changes in market and customer demand, which was approved in April 2015[70]. - The company aims to achieve a revenue target of 2.6 billion yuan for the year 2015[82]. Research and Development - Research and development expenditure was CNY 5,751,000, down 6.41% from the previous year[33]. - The company applied for 144 patents in 2014, with a year-on-year growth rate of 28.8%, and 77 patents were granted, marking a 67.4% increase in patent authorizations[53]. - Investment in R&D has increased by 30%, totaling 300 million RMB, focusing on innovative technologies and product development[160]. Risk Management - The company has established a comprehensive risk management framework to address potential operational risks[12]. - The company has established a comprehensive risk management system to enhance its risk control capabilities[89]. - The company will enhance risk management and internal control systems to address potential strategic, operational, and financial risks[88]. Corporate Governance - The company has adhered to corporate governance standards, ensuring compliance with laws and regulations, and has not faced any regulatory penalties during the reporting period[174]. - The company actively supervises the use of raised funds, with committee members visiting project sites to ensure compliance[186]. - The board of directors confirmed that there were no significant defects in internal control design or execution from January 1 to December 31, 2014[199]. Shareholder Information - The total number of shares increased to 1,145,642,349, with 82.30% being unrestricted shares[137]. - The shareholding structure includes 5.37% held by state-owned legal entities and 12.33% by other domestic investors[137]. - The largest shareholder, Xi'an Aviation Power Control Co., Ltd., holds 23.34% of the shares, totaling 267,438,629 shares[143]. Social Responsibility and Sustainability - The company actively undertakes social responsibility, establishing management institutions for employee assistance, poverty alleviation, and safety production[100]. - The company has developed green and energy-saving products, including distributed photovoltaic power generation projects and solar inverters, contributing to energy conservation and environmental protection[100]. - The company has achieved a significant reduction in pollutant emissions and energy consumption, successfully meeting all emission reduction targets[100]. Audit and Compliance - The company has engaged Ruihua Certified Public Accountants for auditing services during the reporting period[21]. - The Audit Committee held three meetings in 2014, discussing and approving various financial reports and internal control evaluations[183]. - The company received a positive evaluation of its internal audit work for 2013, with a focus on enhancing the 2014 audit plan[186].

中航动力控制股份有限公司 2014 年第三季度报告正文 证券代码：000738 证券简称：中航动控 公告编号：定-2014-4 中航动力控制股份有限公司 2014 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。 公司负责人张登馨、主管会计工作负责人樊文辉及会计机构负责人(会计主管人员)池增岳声明：保证 季度报告中财务报表的真实、准确、完整。 2 中航动力控制股份有限公司 2014 年第三季度报告正文 1 | | 本报告期末 | 上年度末 | | 本报告期末比上年 | | --- | --- | --- | --- | --- | | | | | | 度末增减 | | | | 调整前 | 调整后 | 调整后 | | 总资产（元） | 6,514,097,258.96 | 6,467,998,786.02 | 6,467,998,786.02 | 0.71% | | 归属于上市公司股东的净资产 （元） | 4,539,177,8 ...

Financial Performance - The company's operating revenue for the first half of 2014 was ¥1,242,321,744.02, representing a 6.96% increase compared to ¥1,161,464,446.21 in the same period last year[20]. - The net profit attributable to shareholders was ¥100,138,788.08, up 12.32% from ¥89,151,591.71 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥98,632,343.08, reflecting a 16.51% increase from ¥84,654,073.43 in the previous year[20]. - Basic earnings per share decreased by 7.61% to ¥0.0874 from ¥0.0946 in the previous year[20]. - Total profit reached CNY 116,983,900, a 9.06% increase compared to the previous year[30]. - Net profit was CNY 101,890,700, reflecting a year-on-year growth of 12.04%[30]. - The total operating profit for the first half of 2014 was CNY 39,528,080.19, a decrease of 47.3% compared to CNY 75,054,387.91 in the same period last year[131]. - The net profit for the first half of 2014 was CNY 39,528,080.19, reflecting a decline of 47.3% from CNY 75,054,387.91 year-on-year[134]. - The total comprehensive income for the current period is 39,528,080, which includes net profit and other comprehensive income[147]. Cash Flow - The net cash flow from operating activities was -¥137,262,899.71, a significant decline of 699.41% compared to -¥17,170,536.99 in the same period last year[20]. - Operating cash flow net amount was CNY -137,262,899.71, a significant decline of 699.41% year-on-year due to increased raw material procurement[30]. - Cash inflow from operating activities totaled CNY 959,610,451.12, an increase of 5.3% compared to CNY 910,971,432.78 in the previous period[135]. - The net cash flow from investment activities was CNY -695,077,603.94, compared to CNY -93,053,513.21 in the same period last year[135]. - Cash inflow from financing activities was CNY 762,500,000.00, up from CNY 363,450,000.00 in the previous year[135]. - The ending cash and cash equivalents balance was CNY 768,339,135.85, a decrease from CNY 1,603,728,509.11 at the beginning of the period[135]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,443,914,793.61, a slight decrease of 0.37% from ¥6,467,998,786.02 at the end of the previous year[20]. - Current assets totaled RMB 4,131,843,693.58, down from RMB 4,278,659,606.34 at the beginning of the period, indicating a decrease of approximately 3.43%[120]. - Accounts receivable increased significantly to RMB 1,482,047,367.74 from RMB 948,942,779.35, representing an increase of approximately 56.06%[120]. - The company's cash and cash equivalents decreased to RMB 780,706,062.27 from RMB 1,663,543,721.29, a decline of approximately 53.12%[120]. - The total liabilities decreased to CNY 50,735,282.53 from CNY 31,879,814.79, indicating a significant increase in short-term liabilities[126]. - The total owner's equity at the end of the period is 4,514,159,664.11, indicating a decrease compared to the previous year[145]. Investments and Capital - The company plans to focus on structural adjustments, stable growth, and enhancing efficiency as part of its annual work strategy[28]. - The company reported a significant increase in external equity investment, totaling CNY 100,120,100, a 3,237.34% rise compared to the previous year[44]. - The total amount of raised funds is 162,243.09 million CNY, with a net amount of 158,158.22 million CNY after deducting expenses of 4,084.87 million CNY[54]. - The total amount of raised funds utilized during the reporting period is 7,899.75 million CNY, with a cumulative total of 52,426.18 million CNY utilized[52]. - The company has allocated 22,912,813.64 for profit distribution, which includes a general risk reserve of 6,995,400.00[142]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,312[106]. - The largest shareholder, Xi'an Aviation Power Control Co., Ltd., holds 24.39% of the shares, totaling 279,438,629 shares[106]. - The second largest shareholder, China Southern Airlines Industry Group Co., Ltd., holds 18.70% of the shares, totaling 214,200,000 shares[106]. - The company has a total share count of 1,145,642,349 shares[104]. - The proportion of limited sale condition shares is 17.70%, amounting to 202,803,862 shares[104]. - The proportion of unrestricted shares is 82.30%, amounting to 942,838,487 shares[104]. Corporate Governance - The company has not held any financial enterprise equity during the reporting period[46]. - The company has not engaged in any securities investment during the reporting period[47]. - The company has not conducted any entrusted financial management or derivative investments during the reporting period[48][49]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[109]. - There were no share buyback transactions conducted by the shareholders during the reporting period[110]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[158]. - The company uses RMB as its functional currency for accounting purposes[161]. - The company recognizes financial assets derecognition when the contractual rights to cash flows expire or when the asset is transferred and the risks and rewards are substantially transferred[182]. - The company applies aging analysis to determine bad debt provisions, with specific percentages for different aging categories[191]. - The company recognizes accounts receivable over RMB 10 million and other receivables with a balance over RMB 1 million as significant items for impairment testing[194].

Financial Performance - The company's operating revenue for Q1 2014 was ¥562,334,620.36, an increase of 8.94% compared to ¥516,174,318.84 in the same period last year[9] - Net profit attributable to shareholders was ¥27,091,739.64, representing a growth of 12.97% from ¥23,981,332.42 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥29,112,860.85, up 34.22% from ¥21,690,273.81 in the previous year[9] - Basic earnings per share decreased by 7.09% to ¥0.0236 from ¥0.0254 in the same period last year[9] - The weighted average return on net assets was 0.61%, down from 0.89% in the previous year[9] Cash Flow and Assets - The net cash flow from operating activities was -¥207,711,165.07, a significant decline of 365.27% compared to -¥44,631,969.73 in the same period last year[9] - Total assets at the end of the reporting period were ¥6,353,483,615.29, down 1.77% from ¥6,467,998,786.02 at the end of the previous year[9] - The net assets attributable to shareholders increased to ¥4,432,272,297.91, a rise of 0.68% from ¥4,402,531,322.81 at the end of the previous year[9] Shareholder Information - The total number of shareholders at the end of the reporting period was 38,304[12] - The top shareholder, Xi'an Aviation Power Control Co., Ltd., held 24.39% of the shares, amounting to 279,438,629 shares[13] Derivative Investments - No derivative investments were reported during the period, with a total investment amount of 0 and a net asset ratio of 0%[24] - There were no sources of funds for derivative investments reported[24] - No approvals from the board or shareholders for derivative investments were disclosed during the reporting period[24] Reporting and Activities - The report was signed and stamped by the legal representative on April 25, 2014[27] - The company engaged in no research, communication, or interview activities during the reporting period[25] - The report does not provide any user data or performance guidance for future periods[24] - There were no new products or technologies mentioned in the report[24] - No market expansion or acquisition strategies were outlined in the report[24] - The report lacks specific financial performance metrics or forecasts[24] - Overall, the report indicates a lack of significant financial activity during the period[24]

Financial Performance - The company's operating revenue for 2013 was ¥2,612,125,155.03, representing a 17.59% increase compared to ¥2,221,385,255.34 in 2012[24] - The net profit attributable to shareholders for 2013 was ¥203,330,312.09, a 3.36% increase from ¥196,711,901.60 in 2012[24] - The net profit after deducting non-recurring gains and losses was ¥175,875,258.43, showing a decrease of 2.14% from ¥179,725,481.33 in 2012[24] - The net cash flow from operating activities decreased by 33.07% to ¥133,194,119.53 from ¥199,000,311.75 in 2012[24] - The total assets at the end of 2013 were ¥6,467,998,786.02, a 36.58% increase from ¥4,735,785,583.22 at the end of 2012[24] - The net assets attributable to shareholders increased by 64.65% to ¥4,402,531,322.81 from ¥2,673,932,356.74 at the end of 2012[24] - The basic earnings per share for 2013 were ¥0.2012, a decrease of 3.55% from ¥0.2086 in 2012[24] - The diluted earnings per share also stood at ¥0.2012, reflecting the same decrease of 3.55% from the previous year[24] - The weighted average return on net assets was 6.22%, down from 7.63% in 2012, indicating a decline of 1.41%[24] Research and Development - Research and development investment increased by 9.4% to 6,145,000 yuan[38] - The company has made significant advancements in distributed control technology and new engine control systems, enhancing its technological capabilities[61] - The company has a national-level technology center and two provincial-level technology centers to foster innovation and research[61] - In 2013, the company applied for a total of 95 patents, marking a 20% increase from the previous year, and published 79 technical standards[61] - The company has implemented a demand-driven R&D approach, focusing on high safety, reliability, and quality in its products[60] Market Position and Strategy - The company maintains a unique position in the domestic market as the only enterprise engaged in the R&D, production, sales, and service of aircraft engine control products[60] - The company is actively expanding its market presence in the defense sector, targeting spare parts orders and repair contracts to increase military product revenue[102] - The company is pursuing a strategy of vertical integration in the value chain through self-research, collaborative development, and mergers to cultivate new economic growth points[106] - The company has established good cooperation relationships with several well-known foreign aviation enterprises, leveraging its technical advantages in aviation power control systems[93] - The company is exploring market expansion opportunities in both domestic and international markets[191] Financial Management and Investments - The total amount of raised funds is 162,243.09 million CNY, with a net amount of 158,158.22 million CNY after deducting expenses of 4,084.87 million CNY[79] - During the reporting period, 44,526.43 million CNY of the raised funds were utilized, with a remaining balance of 58,007.48 million CNY in the special account[80][85] - The company has temporarily supplemented working capital with 60,000 million CNY of idle raised funds, with a time limit of no more than 6 months[83] - The company has incurred interest income of 290.94 million CNY from the raised funds during the reporting period[80] - The company has invested 4,511.63 million CNY (7.99% of the committed investment) in the automatic transmission actuator project, which is still under construction[82] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥0.20 per 10 shares to all shareholders[6] - The cash dividend for 2013 represents 30.28% of the net profit attributable to shareholders, which was 203,330,312.09 CNY[120] - The company made a mid-term dividend distribution in April 2013, with a cash dividend of 0.41 CNY per 10 shares, totaling 38,656,337.66 CNY[119] - The company has a total share capital of 1,145,642,349 shares as of December 31, 2013[120] Risk Management and Compliance - The company has established a comprehensive risk management and internal control system to enhance operational efficiency and risk prevention capabilities[112] - The company has not faced any administrative penalties during the reporting period[123] - The company has not reported any violations related to insider trading by its directors or major shareholders[165] - The company has not faced any situations that could lead to suspension or termination of its stock listing[165] Future Outlook - The company plans to achieve a revenue target of 2.7 billion yuan for 2014[99] - The company provided a positive outlook for 2014, projecting a revenue growth of 10% to 15% based on market expansion strategies[170] - The company aims to reduce the cost-to-revenue ratio by 0.5 percentage points year-on-year through various cost control measures[106] - The company is focusing on enhancing its supply chain efficiency, with a target to reduce operational costs by 5% in the upcoming fiscal year[170] - A commitment to sustainability has been made, with plans to invest in eco-friendly technologies and practices[170]