Financial Performance - Net profit attributable to shareholders of the listed company was ¥45,896,318.78, down 18.35% year-on-year[8]. - Operating revenue for the reporting period reached ¥633,833,428.85, an increase of 7.15% compared to the same period last year[8]. - Basic earnings per share for the reporting period were ¥0.0401, a decrease of 18.33% year-on-year[8]. - The weighted average return on net assets was 0.95%, a decline of 0.26% compared to the previous year[8]. - The company reported a government subsidy recognized in the current period amounting to ¥12,709,015.23[9]. - The company reported a 36.20% decrease in business tax and additional charges to 206.54 million, attributed to tax reform[16]. - Investment income fell by 64.94% to 149.31 million, primarily due to reduced financial management activities[16]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,883,649,219.51, a decrease of 0.93% compared to the end of the previous year[8]. - Accounts receivable increased by 111.05% to 175,577.08 million, primarily due to sales not yet settled[16]. - Interest payable rose significantly by 244.59% to 1,063.93 million, reflecting increased borrowing costs[16]. - Long-term borrowings decreased by 56.14% to 18,750.00 million, due to repayments and reclassification of short-term debt[16]. - Other current assets decreased by 92.31% to 1,413.37 million, mainly due to the recovery of financial management funds[16]. - Construction in progress decreased by 37.95% to 15,129.84 million, as a project was completed and transferred to fixed assets[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥73,668,772.81, reflecting a growth of 41.72%[8]. - Cash flow from operating activities increased by 41.72% to 7,366.88 million, driven by improved collection of receivables[16]. - Net cash flow from financing activities decreased dramatically by 1210.83% to -18,351.77 million, mainly due to increased loan repayments[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,464[11]. - The largest shareholder, Xi'an Aero Engine Control Co., Ltd., held 23.34% of the shares, totaling 267,438,629 shares[11]. Corporate Changes - The company is undergoing a change in actual control to China Aviation Engine Group, with the transfer of shares in progress[17]. - There were no significant changes in the nature of the company's non-recurring gains and losses during the reporting period[9].

Financial Performance - The company's operating revenue for the first half of 2016 was ¥1,215,620,963.87, representing a 1.72% increase compared to ¥1,195,050,855.25 in the same period last year[20]. - The net profit attributable to shareholders was ¥112,987,965.91, which is a 17.33% increase from ¥96,302,400.02 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was ¥105,335,078.38, up 14.19% from ¥92,243,428.51 in the previous year[20]. - The basic earnings per share increased to ¥0.0986, a rise of 17.24% compared to ¥0.0841 in the same period last year[20]. - The total profit reached 13,373,000 yuan, reflecting an 18.37% year-on-year growth, while net profit was 11,383,000 yuan, up 17.17% year-on-year[29]. - The company reported a net cash flow from operating activities of -12,835,000 yuan, a decrease of 12,595,000 yuan year-on-year[30]. - The company reported a significant increase in accounts payable, which rose to CNY 662,528,443.07 from CNY 653,294,594.45, an increase of about 1.9%[118]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,899,592,467.01, a decrease of 0.70% from ¥6,948,471,747.20 at the end of the previous year[20]. - The net assets attributable to shareholders increased to ¥4,838,482,001.33, reflecting a 1.97% growth from ¥4,744,882,881.60 at the end of the previous year[20]. - The total liabilities decreased to CNY 1,783,804,333.82 from CNY 1,926,472,922.08, a reduction of about 7.4%[118]. - Current liabilities totaled CNY 1,731,104,519.51, up from CNY 1,601,370,700.64, indicating an increase of approximately 8.1%[118]. Cash Flow - The net cash flow from operating activities was negative at -¥128,347,171.55, compared to -¥2,400,120.42 in the same period last year[20]. - Cash flow from investment activities was 5,825,000 yuan, down 5,324,000 yuan compared to the previous year[30]. - The total cash inflow from investment activities was 169,441,681.64 CNY, down from 320,941,564.86 CNY in the previous period, reflecting a decrease of approximately 47%[134]. - The net cash flow from financing activities was -141,678,129.84 CNY, a stark contrast to the positive 11,713,859.50 CNY recorded in the previous period, showing a shift in financing dynamics[134]. Investments and Projects - The company has not engaged in any external investments, securities investments, or derivative investments during the reporting period[40][42][45]. - The project for the automotive automatic transmission execution mechanism has a cumulative investment progress of 56.00%[52]. - The natural gas refueling integrated control system expansion project has a cumulative investment progress of 77.48%[52]. - The company has pre-invested a total of 26.6489 million CNY in two projects: 11.1799 million CNY for the automatic transmission actuator production line and 15.4690 million CNY for the CVT drive and control system production project[53]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 102,379[103]. - The largest shareholder, Xi'an Aero Engine Control Co., Ltd., holds 23.34% of shares, totaling 267,438,629 shares[104]. - The company did not experience any changes in its controlling shareholder during the reporting period[105]. - No share repurchase agreements were executed by the top shareholders during the reporting period[106]. Governance and Compliance - The company’s governance practices align with the requirements of the Company Law and relevant regulations[67]. - The cash dividend policy complies with the company’s articles of association and shareholder resolutions[63]. - The company has not encountered any major changes in the feasibility of the projects after adjustments were made due to market and customer demand changes[55]. - The company’s half-year financial report was not audited[93][94]. Accounting Policies - The financial statements are prepared in accordance with the relevant accounting standards and regulations, ensuring compliance and accuracy[164]. - The company uses the allowance method to account for bad debt losses, with management's judgment affecting the recognition of accounts receivable impairment[167]. - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs based on management's assessment of marketability and realizable value[167]. - The company assesses impairment of non-financial non-current assets, including intangible assets, based on future cash flow projections and appropriate discount rates[169].

Financial Performance - The company's operating revenue for Q1 2016 was ¥584,177,855.58, representing a 30.86% increase compared to ¥446,424,251.50 in the same period last year[8] - The net profit attributable to shareholders was ¥32,045,548.20, up 42.94% from ¥22,419,218.08 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,593,170.22, a 36.35% increase from ¥20,971,056.92 in the previous year[8] - Basic earnings per share increased to ¥0.028, reflecting a 42.86% rise from ¥0.0196 in the same period last year[8] - Revenue grew by 30.86% to ¥584,177,855.58, primarily driven by an increase in product deliveries[15] - Net profit rose by 45.62% to ¥32,135,769.05, attributed to increased revenue leading to higher gross margins[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,864,668,100.66, a decrease of 1.21% from ¥6,948,471,747.20 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥4,781,360,845.99, a 0.77% rise from ¥4,744,882,881.60 at the end of the previous year[8] - Accounts receivable increased by 38.29% to ¥1,150,513,892.44 due to sales not yet settled[15] - Operating costs increased by 32.34% to ¥445,990,937.79, reflecting the rise in product deliveries[15] - The company reported a significant increase of 79.64% in interest payable, reaching ¥5,546,324.00, due to increased bank loan interest[15] - Other current assets decreased by 93.04% to ¥12,798,360.61, as financial investments matured and were recovered[15] Cash Flow - The company reported a net cash flow from operating activities of -¥130,397,733.84, an improvement from -¥139,044,681.18 in the same period last year[8] - Cash flow from investment activities decreased by 33.46% to ¥103,674,575.77, mainly due to reduced recovery of financial investments[15] - The company’s cash flow from financing activities showed a drastic decline of 1230.11%, resulting in a net outflow of ¥142,996,421.18 due to reduced borrowing and increased repayments[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 109,651[11] - The largest shareholder, Xi'an Aero Engine Control Co., Ltd., held 23.34% of the shares, totaling 267,438,629 shares[11] Tax and Provisions - The company’s income tax payable decreased by 46.98% to ¥13,109,235.43, due to a reduction in unrecognized income tax liabilities[15] - The company’s special reserves increased by 65.22% to ¥11,229,000.43, reflecting higher provisions for safety production expenses[15] Return on Equity - The weighted average return on equity was 0.67%, up from 0.48% in the previous year[8]

Financial Performance - The company's operating revenue for 2015 was ¥2,598,433,029.27, representing a 0.88% increase compared to ¥2,575,882,344.94 in 2014[14] - The net profit attributable to shareholders for 2015 was ¥196,245,833.76, which is a 6.09% increase from ¥184,974,970.06 in 2014[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥163,506,207.32, showing a decrease of 5.74% from ¥173,471,299.07 in 2014[14] - Basic earnings per share for 2015 were ¥0.1713, up 6.07% from ¥0.1615 in 2014[14] - The diluted earnings per share also stood at ¥0.1713, reflecting a 6.07% increase compared to ¥0.1615 in the previous year[14] - The weighted average return on net assets was 4.22%, slightly up from 4.13% in 2014[14] - The company achieved a total revenue of 2.59843 billion yuan in 2015, representing a year-on-year growth of 0.88%[29] - The net profit attributable to shareholders for the year was 231.74 million yuan, an increase of 5.49% compared to the previous year[29] - The company reported a total asset value of 6.948 billion yuan, reflecting a growth of 6.67% from the previous year[15] - The net assets attributable to shareholders increased by 3.92% to 4.745 billion yuan[15] Cash Flow and Investments - The net cash flow from operating activities significantly increased by 359.37% to ¥634,596,536.50 from ¥138,144,437.89 in 2014[14] - The company recorded a net cash flow from operating activities of 582.61 million yuan in the fourth quarter, indicating strong cash generation capabilities[19] - Cash inflow from investment activities surged by 1,297.16% to ¥362,727,256.91 in 2015, compared to ¥25,961,674.21 in 2014[46] - The company's cash and cash equivalents increased by ¥384,499,166.26, reversing a decrease of ¥621,524,847.81 in the previous year[47] - The total amount of monetary funds at the end of 2015 was ¥1,393,563,193, representing an increase in cash flow from operating activities[49] - The company has committed investments totaling CNY 162,243 million, with a cumulative investment of CNY 88,984.85 million, achieving an investment progress of 54.8%[60] - The company has temporarily used CNY 60,000 million of idle funds to supplement working capital, which has been fully returned to the special account[61] Research and Development - Research and development expenses increased by 56.30% to CNY 8,989 million, up from CNY 5,751 million in 2014[32] - The total R&D investment for 2015 was ¥89,886,874.54, an increase of 56.30% compared to ¥57,510,781.41 in 2014[44] - The number of R&D personnel increased by 18.16% from 727 in 2014 to 859 in 2015, with R&D personnel accounting for 10.29% of the total workforce[44] - The proportion of R&D investment to operating revenue rose from 2.23% in 2014 to 3.46% in 2015, indicating a strategic focus on innovation[44] - The company has established a comprehensive quality and R&D system, achieving certifications such as GJB9001B and AS9100C[27] Business Focus and Strategy - The main business focus has shifted to the research, production, and sales of aerospace and marine power control systems, as well as industrial automation and new energy control systems[13] - The company aims to become a specialized industrial platform in the field of power control, focusing on aerospace, marine, and industrial automation control systems over the next five to ten years[69] - The company is focusing on strategic emerging industries and high-tech industries to drive growth and transformation in non-aerospace sectors[69] - The company plans to adjust investment strategies in response to ongoing economic downturns and market conditions, focusing on profitable industries such as military products[60] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥0.2 per 10 shares based on a total share capital of 1,145,642,349 shares as of December 31, 2015[4] - In 2015, the company distributed cash dividends of 0.17 CNY per 10 shares, totaling 19,475,919.93 CNY, with a remaining undistributed profit of 112,866,881.99 CNY[77] - The company plans to distribute cash dividends of 0.20 CNY per 10 shares for 2015, amounting to 22,912,846.98 CNY, with 164,584,181.48 CNY remaining undistributed[82] - The cash dividend payout ratio for 2015 is 100% of the distributable profit of 187,497,028.46 CNY[81] Operational Efficiency and Management - The company has been focusing on optimizing its internal value chain and enhancing operational quality amidst a volatile external market environment[29] - The company is committed to improving operational efficiency by controlling inventory levels and enhancing equipment utilization[71] - The company is enhancing its audit processes to ensure compliance and improve operational efficiency[72] - The company has implemented a strategic-budget-performance linkage management system to optimize performance evaluation and risk management[71] Governance and Compliance - The company maintains strict governance practices, ensuring compliance with regulatory requirements and effective management of insider information[154] - There were no significant discrepancies between the company's governance practices and the regulatory standards set by the China Securities Regulatory Commission[155] - The company did not experience any major accounting errors that required retrospective restatement during the reporting period[87] - The company did not face any situations that could lead to suspension or termination of its listing during the reporting period[90] Market and Customer Engagement - The company is focusing on international cooperation to secure new orders and expand into new industrial sectors beyond aviation[71] - The company has implemented new strategies to improve customer engagement, resulting in a 12% increase in customer satisfaction scores[144] Employee and Social Responsibility - Employee rights protection measures were fully implemented, achieving a 100% rate for labor contract signing, social insurance payment, and timely wage distribution[118] - The company actively participates in social responsibility initiatives, including charity events and support for local communities[118]

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].