安徽中鼎密封件股份有限公司 2019 年第三季度报告全文 安徽中鼎密封件股份有限公司 2019 年第三季度报告 2019-086 2019 年 10 月 1 安徽中鼎密封件股份有限公司 2019 年第三季度报告全文 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。 公司负责人夏鼎湖、主管会计工作负责人易善兵及会计机构负责人(会计主 管人员)朱建声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽中鼎密封件股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------------|-------------------| ...

安徽中鼎密封件股份有限公司 2019 年第一季度报告全文 安徽中鼎密封件股份有限公司 2019 年第一季度报告 2019-045 2019 年 04 月 1 安徽中鼎密封件股份有限公司 2019 年第一季度报告全文 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。 公司负责人夏鼎湖、主管会计工作负责人易善兵及会计机构负责人(会计主 管人员)朱建声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽中鼎密封件股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | --- | |-------|-----------------------------------------------------|-------|-------------------|-------------------|---- ...

Financial Performance - The company reported a total revenue of 1,213,227,095 CNY for the year, with a cash dividend of 2.00 CNY per 10 shares distributed to shareholders[5]. - The company's operating revenue for 2018 was CNY 12,367,838,166.50, representing a year-on-year increase of 5.08% from CNY 11,770,479,678.28 in 2017[23]. - The net profit attributable to shareholders for 2018 was CNY 1,116,442,713.41, showing a slight decrease of 0.98% compared to CNY 1,127,444,859.16 in 2017[23]. - The net profit after deducting non-recurring gains and losses was CNY 941,924,198.66, down 5.91% from CNY 1,001,093,747.51 in the previous year[23]. - The net cash flow from operating activities was CNY 973,015,991.86, a decrease of 15.36% from CNY 1,149,647,781.04 in 2017[23]. - The total assets at the end of 2018 were CNY 16,074,053,477.46, an increase of 4.73% from CNY 15,348,604,391.74 at the end of 2017[23]. - The net assets attributable to shareholders increased by 8.89% to CNY 8,281,500,393.61 from CNY 7,605,138,888.65 in 2017[23]. - The basic earnings per share for 2018 was CNY 0.92, a decrease of 1.08% from CNY 0.93 in 2017[23]. - The weighted average return on equity was 13.98%, down from 16.10% in the previous year[23]. - The company reported a total of CNY 174,518,514.75 in non-recurring gains and losses for 2018, compared to CNY 126,351,111.65 in 2017[31]. Market Position and Strategy - The company has maintained its leading position in the domestic non-tire rubber products industry for ten consecutive years, ranking first in sales revenue, export earnings, and profit totals[34]. - The acquisition of TFH has positioned the company among the top three global suppliers in the engine/new energy vehicle battery cooling system sector, utilizing the unique creatube technology for higher efficiency and reliability[35]. - The company has developed a high-performance sealing system for new energy vehicles, leveraging technologies from acquired companies like KACO, which has successfully penetrated the Chinese market[35]. - The company is focused on expanding its market presence and enhancing product development capabilities, particularly in sealing technologies[5]. - The company aims to expand into high-end sealing products and automotive electronics, addressing the domestic market's reliance on imported high-end sealing components[103]. - The company plans to enhance its brand influence and integrate global resources to improve its competitive position in the international market[108]. - The company is focusing on transitioning from parts to components and expanding into diversified markets, including energy-efficient and new energy vehicles[107]. - The company has established a global procurement strategy to optimize purchasing costs and strengthen partnerships with suppliers[106]. - The company is actively developing new energy and environmentally friendly products to enhance its core technology and competitive edge[108]. Research and Development - The company has set up R&D centers in Europe and the USA to enhance global collaborative research capabilities[46]. - The company is actively pursuing automation to reduce labor costs and improve production efficiency[46]. - The number of R&D personnel increased by 2.56% to 2,925 in 2018, representing 14.61% of the total workforce[72]. - R&D expenses rose by 20.71% to ¥550,269,992.42 in 2018, accounting for 4.45% of total sales revenue[70][72]. - The company has a strong focus on R&D, particularly in the field of sealing technologies, to meet evolving market demands[199]. Acquisitions and Investments - The company acquired 100% of WEGU Holding for a total amount of 62,777.77 million RMB, achieving 97.05% of the planned investment[87]. - The company signed a major acquisition of Drive Right Holdings Limited for €8,970,000, completed on July 1, 2018[62]. - The company has established a special rubber mixing center with an annual processing capacity of 60,000 tons, ensuring a steady supply of specialized rubber products[37]. - The company has invested in a lightweight materials production line, enhancing its capabilities in producing high-strength, lightweight components for the automotive industry[37]. - The company reported a total of 191,677.52 million RMB in committed investment projects, with 25,794.52 million RMB actually invested[87]. Corporate Governance and Compliance - The company has a clear cash dividend policy that complies with its articles of association and shareholder resolutions[115]. - The company has ensured that minority shareholders have sufficient opportunities to express their opinions and that their legal rights are fully protected[115]. - The company is committed to maintaining high standards of corporate governance and transparency in its operations[199]. - The company has complied with relevant laws and regulations regarding the use of raised funds, with no violations reported[88]. - The company did not face any penalties or rectification issues during the reporting period[140]. Shareholder Information - The largest shareholder, Anhui Zhongding Holding Group Co., Ltd., holds 46.68% of the shares, totaling 569,926,577 shares, with 16,000,000 shares pledged[181]. - The total number of shareholders at the end of the reporting period was 39,960[180]. - The top ten unrestricted shareholders collectively hold 669,000,000 shares, indicating a strong concentration of ownership[183]. - The company reported a total of 569,926,577 shares held by its largest shareholder, Anhui Zhongding Holding Group Co., Ltd., representing a significant portion of the total shares[183]. Future Outlook - Future outlook includes potential market expansion and new product development initiatives to enhance competitive advantage[199]. - The financial guidance for the upcoming year indicates a cautious approach, with expectations of gradual recovery in market conditions[196].

安徽中鼎密封件股份有限公司 2018 年第三季度报告正文 证券代码：000887 证券简称：中鼎股份 公告编号：2018-100 安徽中鼎密封件股份有限公司 2018 年第三季度报告正文 1 安徽中鼎密封件股份有限公司 2018 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。 公司负责人夏鼎湖、主管会计工作负责人易善兵及会计机构负责人(会计主 管人员)朱建声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽中鼎密封件股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 16,431,689,130.59 | 15,348,604,391.7 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 6,098,165,752.52, representing a 13.32% increase compared to CNY 5,381,511,358.54 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was CNY 701,512,713.26, up 12.41% from CNY 624,043,711.70 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 658,917,599.15, an increase of 10.04% compared to CNY 598,801,141.14 last year[18]. - The basic earnings per share increased to CNY 0.57, up 11.76% from CNY 0.51 in the previous year[18]. - The total operating revenue for the first half of 2018 reached CNY 6,098,165,752.52, an increase of 13.3% compared to CNY 5,381,511,358.54 in the same period of 2017[130]. - Operating profit for the first half of 2018 was CNY 850,616,033.15, up from CNY 789,964,385.07, reflecting a growth of 7.7%[130]. - The company reported a total profit of CNY 855,683,095.72 for the first half of 2018, an increase of 7.8% from CNY 793,801,549.74 in the previous year[130]. - The company experienced a decrease in financial expenses, which fell to CNY 24,975,128.35 from CNY 68,254,760.53, a reduction of 63.4%[130]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 15,801,675,834.90, a 2.95% increase from CNY 15,348,604,391.74 at the end of the previous year[18]. - The company's total assets included CNY 2.061 billion in cash, representing 13.04% of total assets[56]. - The company's inventory increased to CNY 2.233 billion, accounting for 14.13% of total assets[56]. - Total liabilities decreased from CNY 7,582,507,424.27 to CNY 7,359,136,149.78, a reduction of approximately 2.9%[122]. - The total current liabilities decreased from CNY 3,521,958,713.55 to CNY 3,349,917,428.52, a reduction of approximately 4.9%[122]. - The company's total liabilities were reported at 1,485,460,594.00 CNY, showcasing effective liability management[155]. Cash Flow - The net cash flow from operating activities was CNY 311,613,044.19, a decrease of 29.11% compared to CNY 439,556,409.23 in the same period last year[18]. - Cash flow from operating activities showed a decline, indicating potential challenges in maintaining operational efficiency[138]. - The net cash flow from investing activities was ¥245,258,164.04, a significant improvement from a net outflow of ¥1,311,944,172.50 in the previous year[139]. - The net cash flow from financing activities was -¥148,626,588.53, compared to a positive cash flow of ¥1,227,013,033.07 in the same period last year[139]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The total number of shareholders at the end of the reporting period was 39,396[104]. - The largest shareholder, Anhui Zhongding Holding (Group) Co., Ltd., holds 569,926,577 shares, accounting for 46.17% of total shares[104]. - The company has committed to avoiding competition with its listed subsidiaries and will not engage in similar business activities[70]. Research and Development - The company has established three major R&D centers in China, Germany, and the USA, enhancing its global R&D capabilities[44]. - The company has integrated international technology resources, resulting in a significant increase in global collaborative R&D capabilities[39]. - The company holds 671 authorized patents, including 87 domestic invention patents and 299 foreign patents[39]. - The company is focusing on expanding into new energy and environmentally friendly automotive sectors, as well as automotive electronics and system assemblies[44]. Market Position - The company has maintained its leading position in the non-tire rubber products industry, ranking 13th in the global non-tire rubber products list and 93rd in the global automotive parts industry in 2018[27]. - The company has established a leading position in four key areas: cooling systems, noise and vibration reduction chassis systems, sealing systems, and air suspension and motor systems[28]. - The acquisition of German TFH has positioned the company among the top three global suppliers in the engine and new energy vehicle battery cooling systems, utilizing proprietary production technology[28]. Corporate Governance - All directors attended the board meeting to review this report, ensuring the accuracy and completeness of the financial statements[4]. - The company held its annual general meeting on May 17, 2018, with an investor participation rate of 5.41%[67]. - The first extraordinary general meeting of 2018 was held on June 8, 2018, with a participation rate of 3.76%[67]. Financial Reporting - The company's half-year financial report has not been audited[73]. - The financial report was not audited, which may affect the reliability of the financial data presented[118]. - The company adheres to the accounting policies and estimates in accordance with the enterprise accounting standards, ensuring the financial statements reflect a true and complete view of its financial position[170].

Financial Performance - Revenue for Q1 2018 reached ¥3,041,380,608.13, an increase of 25.24% compared to ¥2,428,393,308.90 in the same period last year[8] - Net profit attributable to shareholders was ¥376,714,914.37, up 20.24% from ¥313,315,064.77 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥357,608,425.71, reflecting a 15.30% increase from ¥310,164,383.40 in the previous year[8] - Basic earnings per share rose to ¥0.31, a 19.23% increase from ¥0.26 in the same period last year[8] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,514,037,841.69, representing a 1.08% increase from ¥15,348,604,391.74 at the end of the previous year[8] - Net assets attributable to shareholders increased by 4.25% to ¥7,928,217,694.49 from ¥7,605,138,888.65 at the end of the last year[8] - As of March 31, 2018, the company's payable interest increased by 118% to RMB 12.01 million compared to RMB 5.50 million on December 31, 2017[17] - Non-current liabilities due within one year decreased by 56% to RMB 51.75 million from RMB 117.05 million, primarily due to the reclassification of long-term borrowings[17] - Tax and additional charges increased by 59% to RMB 20.08 million, attributed to the reclassification of property tax and other fees[17] Cash Flow - The net cash flow from operating activities was ¥202,987,802.57, a decrease of 6.97% compared to ¥218,200,350.74 in the same period last year[8] - The company's cash paid for purchasing goods and services rose by 35% to RMB 1.52 billion, driven by business growth and increased consolidation scope[17] - Cash paid to employees increased by 34% to RMB 680.45 million, also due to business growth and expanded consolidation[17] - Cash paid for acquiring fixed assets and intangible assets rose by 38% to RMB 278.86 million, reflecting new factory construction and equipment purchases[17] - Cash received from borrowings decreased by 86% to RMB 169.62 million, indicating a reduction in bank borrowings[17] - Cash paid for debt repayment surged by 1570% to RMB 194.08 million, primarily due to increased repayments of bank loans[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,585[12] - The company's payable dividends decreased by 100% to RMB 1.19 million, reflecting that the dividends have already been paid[17] Non-Recurring Items - The company reported non-recurring gains totaling ¥19,106,488.66 after tax, with government subsidies contributing ¥8,348,446.17[9] Compliance and Governance - No derivative investments were reported during the period[23] - No research, communication, or interview activities were conducted during the reporting period[24] - There were no instances of non-compliant external guarantees during the reporting period[25] - No non-operating fund occupation by controlling shareholders or related parties was reported[26]

Financial Performance - The company's operating revenue for 2017 was ¥11,770,479,678.28, representing a 40.39% increase compared to ¥8,384,368,902.36 in 2016[17]. - The net profit attributable to shareholders for 2017 was ¥1,127,444,859.16, a 25.13% increase from ¥901,046,856.75 in 2016[17]. - The net profit after deducting non-recurring gains and losses was ¥1,001,093,747.51, up 18.47% from ¥845,041,932.67 in 2016[17]. - The net cash flow from operating activities for 2017 was ¥1,149,647,781.04, an increase of 26.25% compared to ¥910,614,204.90 in 2016[17]. - The total assets at the end of 2017 were ¥15,348,604,391.74, a 29.36% increase from ¥11,865,308,273.00 at the end of 2016[17]. - The net assets attributable to shareholders at the end of 2017 were ¥7,605,138,888.65, up 17.76% from ¥6,458,061,629.60 at the end of 2016[17]. - The basic earnings per share for 2017 was ¥0.93, a 22.37% increase from ¥0.76 in 2016[17]. - The diluted earnings per share for 2017 was ¥0.92, reflecting a 21.05% increase from ¥0.76 in 2016[17]. - The weighted average return on equity for 2017 was 16.10%, a slight decrease from 16.75% in 2016[17]. - The company reported a total of ¥126,351,111.65 in non-recurring gains for 2017, compared to ¥56,004,924.08 in 2016[25]. Dividend Distribution - The company reported a profit distribution plan of 3.00 CNY per 10 shares, based on a total of 1,234,440,095 shares, which translates to a cash dividend payout of approximately 370.33 million CNY[4]. - The company plans to distribute a cash dividend of RMB 3 per 10 shares for the year 2017, totaling RMB 370,332,028.50, which represents 32.85% of the net profit attributable to shareholders[111]. - The net profit attributable to the parent company for 2017 was RMB 1,127,444,859.16, with a distributable profit of RMB 1,676,020,014.33 after accounting for legal reserves and previous undistributed profits[111]. - The cash dividend policy has been executed in compliance with the company's articles of association and shareholder resolutions, ensuring the protection of minority shareholders' rights[107]. - The company has maintained a consistent cash dividend distribution policy over the past three years, with the 2016 dividend being RMB 1 per 10 shares and the 2015 dividend being RMB 0.80 per 10 shares[108]. Corporate Governance - The company emphasizes the importance of accurate financial reporting, with key executives affirming the truthfulness and completeness of the annual report[3]. - The company has a comprehensive governance structure, with a board of directors and supervisory board ensuring oversight and accountability[6]. - The company has a complete decision-making process for profit distribution, involving the board of directors and independent directors[107]. - The company has committed to avoiding competition with its parent group in terms of new product development and business operations[113]. - The company has not disclosed any significant undisclosed information during the reporting period[103]. Market Presence and Expansion - The company operates multiple subsidiaries, including those in the U.S. and Europe, showcasing its international presence and market expansion strategy[8]. - The company is actively expanding its market presence through overseas acquisitions and technology integration, focusing on high-end automotive components[30]. - The company achieved a sales revenue of 923 million in the new energy sector in 2017, representing a growth of over 325% compared to 2016[32]. - The company has established three major R&D centers in China, Germany, and the United States, enhancing its global R&D capabilities[46]. - The company has integrated international technology resources, resulting in a significant improvement in global collaborative R&D capabilities[41]. Research and Development - The company holds 600 authorized patents, including 64 domestic invention patents and 183 foreign patents[41]. - Research and development expenses for the year reached ¥455,876,524.71, accounting for 3.87% of total sales revenue, an increase of 52.49% compared to the previous year[70]. - The company aims to enhance product performance and technology processes in response to customer demands, leading to a cautious approach in project execution[89]. - The company is focusing on new product development and technology innovation to enhance its competitive edge in the sealing parts market[178]. - The company aims to leverage its strong R&D capabilities to introduce advanced sealing technologies, which are expected to drive revenue growth in the coming years[180]. Risk Management - The company has outlined potential risks and countermeasures in its future development outlook, indicating a proactive approach to risk management[4]. - The company will implement internal control standards to improve risk management and enhance operational efficiency and profitability[101]. Employee and Social Responsibility - The company strictly adheres to labor laws, providing comprehensive social security benefits for employees, including medical and pension insurance[151]. - The company actively engages in social responsibility initiatives, including employment creation and employee rights protection[150]. - The company has established a training and re-education mechanism for employees, ensuring training effectiveness through assessments and record-keeping[191]. - The company has a performance evaluation system in place to ensure transparency and fairness in employee appointments[151]. Financial Position - The total assets at the end of 2017 were ¥15,000,000,000, with cash and cash equivalents amounting to ¥1,608,356,097, which is 10.48% of total assets[74]. - The total liabilities at the end of 2017 were ¥8,000,000,000, with short-term borrowings of ¥8,220,103.75[63]. - The company’s fixed assets increased to ¥2,805,334,199, representing 18.28% of total assets, up from 17.11% in the previous year[74]. - The net increase in cash and cash equivalents for the year was ¥232,003,582, a significant increase of 347.04% compared to the previous year[72]. - The total investment amount for the reporting period reached ¥5,270,470,306.36, representing a 67.17% increase compared to ¥3,152,682,413.47 in the same period last year[76]. Acquisitions and Investments - The company completed acquisitions of TFH and ZD-Metal, with a total cash purchase cost of €170 million and $18,000 respectively[62]. - The acquisition of TFH for 1.23 billion yuan in February 2017 enhances the company's capabilities in the cooling system sector, positioning it among the top three globally[35]. - The company completed the acquisition of TFH, a German company, which owns 9 factories and 4 sales technologies, enhancing its market presence in Europe and North America[78]. - The company acquired 100% equity of TFH for a cash purchase cost of €17 million, which has been included in the consolidated scope since the acquisition date[122]. - The company also acquired 60% equity of ZDMetal for a cash purchase cost of $1.004 million, which has been included in the consolidated scope since the acquisition date[122]. Shareholder Information - The total number of shares is 1,234,440,095, with 90.28% being unrestricted shares[159]. - The largest shareholder, Anhui Zhongding Holding (Group) Co., Ltd., holds 45.62% of the shares, totaling 563,129,177 shares, with 66,500,000 shares pledged[164]. - The company has a total of 36,073,382 shares held by other restricted shareholders, with 20,386,071 shares released during the period[162]. - The number of shareholders at the end of the reporting period was 38,915, an increase from 38,585 at the end of the previous month[164]. - The company has seen an increase in the number of restricted shares due to new issuances and management decisions[162].

安徽中鼎密封件股份有限公司 2017 年第三季度报告正文 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人夏鼎湖、主管会计工作负责人易善兵及会计机构负责人(会计主 管人员)朱建声明：保证季度报告中财务报表的真实、准确、完整。 证券代码：000887 证券简称：中鼎股份 公告编号：2017-121 安徽中鼎密封件股份有限公司 2017 年第三季度报告正文 1 安徽中鼎密封件股份有限公司 2017 年第三季度报告正文 第一节 重要提示 | | 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） | 14,847,110,793.68 | 11,865,308,273.00 | | 25.13% | | 归属于上市公司股东的净资产 | 7,223,093,476.56 | | 6,458,061,629.60 | 11.85% | | （ ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 5,381,511,358.54, representing a 47.94% increase compared to CNY 3,637,557,454.47 in the same period last year[19]. - The net profit attributable to shareholders was CNY 624,043,711.70, up 31.93% from CNY 473,024,095.34 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 598,801,141.14, reflecting a 33.95% increase from CNY 447,019,555.07 in the previous year[19]. - The net cash flow from operating activities was CNY 439,556,409.23, an increase of 34.75% compared to CNY 326,198,934.04 in the same period last year[19]. - The total assets at the end of the reporting period were CNY 14,487,068,664.47, a 22.10% increase from CNY 11,865,308,273.00 at the end of the previous year[19]. - The net assets attributable to shareholders reached CNY 6,955,955,321.79, which is a 7.71% increase from CNY 6,458,061,629.60 at the end of the previous year[19]. - Basic earnings per share increased to CNY 0.51, up 24.39% from CNY 0.41 in the same period last year[19]. - The weighted average return on equity was 9.22%, down from 10.42% in the previous year, indicating a decrease of 1.20%[19]. - The company reported a total investment of ¥125,810.17 during the reporting period, which is a substantial increase of 123.33% compared to ¥102,007.00 in the same period last year[54]. - The total liabilities increased to CNY 7,354,653,224.91, up from CNY 5,240,090,339.77, representing a growth of approximately 40.4%[122]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The company has maintained its leading position in the non-tire rubber products industry, ranking 18th in the global non-tire rubber products list in 2017[28]. - The company achieved a sales revenue of CNY 450 million in the new energy sector during the first half of 2017, representing a 389% increase compared to the same period in 2016[30]. - The company acquired 100% of German TFH for CNY 1,233,300,000 in February 2017, enhancing its capabilities in the cooling systems sector[33]. - The company is actively integrating technologies from acquired companies to enhance its vibration and noise reduction systems for new energy vehicles[30]. - The company has established advanced processing centers, including a rubber mixing center with an annual capacity of 60,000 tons, to support high-end product development[32]. - The company has a strong focus on R&D, with significant investments in lightweight materials and automation technologies to meet modern manufacturing trends[31]. - The company has successfully developed a third-generation PTFE lip seal for major automotive clients, showcasing its advanced sealing technology[30]. - The company has established three major R&D centers in China, Germany, and the USA, enhancing its global resource integration capabilities[42]. - The company is focused on enhancing its technological capabilities and product offerings in the upcoming periods[102]. Market Position and Growth - The automotive sector contributed CNY 4.93 billion in revenue, with a gross margin of 30.50%, while non-automotive revenue reached CNY 451 million, with a gross margin of 23.37%[47]. - The company has made significant investments in new energy and environmental protection vehicles, as well as in the aerospace sector, to ensure future growth[42]. - The company ranks 18th in the global non-tire rubber products industry, reflecting its strong market position[42]. - The company is actively expanding its market presence and product offerings in the automotive supply sector, focusing on fluid solutions for engine and battery cooling[57]. - The company plans to continue expanding its market presence and developing new products[102]. - The company aims to leverage its strong financial position to pursue potential mergers and acquisitions in the sealing products sector[155]. Financial Management - The company has implemented a comprehensive management strategy for its overseas assets to ensure operational efficiency and financial oversight[34]. - Cash and cash equivalents at the end of the reporting period amounted to ¥1,726,766,310, representing 11.92% of total assets, a decrease of 6.73% compared to the previous year[51]. - Accounts receivable reached ¥2,116,128,582, accounting for 14.61% of total assets, with a slight decrease of 0.57% year-on-year[51]. - Inventory increased to ¥1,870,424,504, which is 12.91% of total assets, reflecting an increase of 0.87% from the previous year[51]. - Long-term borrowings rose significantly to ¥3,738,111,262, making up 25.80% of total assets, an increase of 6.13% compared to the previous year[51]. - The company has reduced labor costs significantly through the implementation of smart manufacturing technologies, including automated production lines[39]. - The company has implemented strategies for shareholder engagement and capital management through private placements[101]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,994[104]. - The largest shareholder, Anhui Zhongding Holding Group Co., Ltd., held 44.33% of the shares, totaling 547,193,977 shares[104]. - The number of restricted shares at the beginning of the period was 119,943,761, with 99,355,925 shares released during the period[102]. - The company issued 20,202,531 new shares on May 8, 2017, as part of a private placement[101]. - The total number of shares held by the top 10 shareholders accounted for a significant portion of the company's equity, with the largest holding being 547,193,977 shares[104]. - The company reported a profit distribution of 259,500 CNY to shareholders during the current period[144]. Compliance and Governance - All directors attended the board meeting to review this report, ensuring full governance participation[5]. - The company did not engage in any major contracts, leasing, or outsourcing during the reporting period[83][84][85]. - There were no significant related party transactions during the reporting period[79]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[107]. - The semi-annual financial report was not audited[118]. - The company has not initiated any poverty alleviation programs nor has any plans for such initiatives in the near future[91]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern principle, with no identified issues affecting the company's ability to continue operations[167]. - The company's accounting policies comply with the enterprise accounting standards, ensuring accurate reflection of financial status and operational results[169]. - The company's accounting year runs from January 1 to December 31, aligning with standard fiscal practices[170]. - The company operates under the Chinese Yuan as its functional currency, while overseas subsidiaries use local currencies[172]. - The company has a normal operating cycle of one year, which is standard for its industry[171].

Financial Performance - The company's operating revenue for Q1 2017 was ¥2,428,393,308.90, representing a 37.06% increase compared to ¥1,771,835,297.00 in the same period last year[8] - The net profit attributable to shareholders for Q1 2017 was ¥313,315,064.77, up 32.89% from ¥235,767,423.17 in the previous year[8] - The net cash flow from operating activities increased by 85.02%, reaching ¥218,200,350.74 compared to ¥117,930,745.05 in the same period last year[8] - Basic earnings per share rose to ¥0.26, a 23.81% increase from ¥0.21 in the previous year[8] - Revenue from sales of goods and services increased by 42% to ¥2,166,366,514.83 from ¥1,529,066,756.54, reflecting business growth and an expanded consolidation scope[15] - Net profit attributable to shareholders increased by 33% to ¥313,315,064.77 from ¥235,767,423.17, driven by business growth and an expanded consolidation scope[15] - The estimated cumulative net profit for the first half of 2017 is projected to be between CNY 61,493.13 million and CNY 66,223.37 million, representing a growth of 30.00% to 40.00% compared to the previous year[19] - The basic earnings per share for the same period are expected to be between CNY 0.41 and CNY 0.51, indicating an increase from CNY 0.55 in the previous year[19] - The growth in performance is attributed to continuous improvement in the company's main business operations and the completion of acquisitions of German companies AMK and THF in July 2016 and February 2017, respectively[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,083,302,941.10, an 18.69% increase from ¥11,865,308,273.00 at the end of the previous year[8] - The net assets attributable to shareholders increased by 4.77%, totaling ¥6,766,243,072.21 compared to ¥6,458,061,629.60 at the end of the previous year[8] - Other receivables increased by 42% to ¥186,321,864.72 from ¥130,910,819.31, primarily due to business growth and an expanded consolidation scope[15] - Construction in progress rose by 22% to ¥385,982,712.79 from ¥248,329,783.00, attributed to business growth and increased consolidation scope[15] - Short-term borrowings increased by 34% to ¥550,004,232.14 from ¥410,883,829.29, driven by business expansion and an increased consolidation scope[15] - Accounts payable rose by 57% to ¥427,536,616.45 from ¥272,185,751.22, mainly due to business growth and an expanded consolidation scope[15] - The company reported a 61% increase in long-term borrowings to ¥3,205,767,365.07 from ¥1,997,206,249.16, primarily due to the acquisition of TFH and increased long-term financing[15] - The company’s financial expenses increased by 83% to ¥20,238,977.49 from ¥11,068,959.52, mainly due to acquisition loans and an expanded consolidation scope[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,269[11] - The largest shareholder, Anhui Zhongding Holding (Group) Co., Ltd., held 44.33% of the shares, with 165,600,000 shares pledged[11] Corporate Governance and Commitments - The company has committed to avoid competition and regulate related party transactions, with commitments being strictly fulfilled as of the announcement date[18] - The company is currently in the process of normalizing its stock incentive commitments, which are expected to be fulfilled by October 2020[18] - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[18] - The company has engaged with various institutional investors to discuss industry conditions and company operations[22] Other Information - The company reported non-recurring gains and losses totaling ¥3,150,681.37 for the reporting period[9] - The weighted average return on net assets decreased to 4.63%, down 1.61% from 6.24% in the previous year[8] - The company has no securities or derivative investments during the reporting period[20][21] - There are no violations regarding external guarantees during the reporting period[24] - The total non-operating fund occupation by major shareholders and their affiliates at the end of the period is CNY 11,910.85 million, which accounts for 0.18% of the latest audited net assets[26] - The company established a joint venture, Ningguo Zhongding Tianpu Asset Management Co., Ltd., with a registered capital of ¥10 million, aiming to enhance investment opportunities and profit growth[16] - The company plans to set up an industrial merger fund focusing on new technologies and services, which is expected to positively impact development and profit levels[16]