Financial Performance - Net profit attributable to shareholders decreased by 58.70% to CNY 144,154,866.37 year-on-year[8] - Operating revenue for the period was CNY 2,600,236,827.14, a decline of 1.99% compared to the same period last year[8] - The net profit after deducting non-recurring gains and losses fell by 60.87% to CNY 127,195,486.25[8] - Basic earnings per share decreased by 58.62% to CNY 0.12[8] - The company reported a net profit increase, with retained earnings rising to ¥4,694,537,854.09 from ¥4,336,825,642.26, an increase of about 8.3%[53] - Net profit for the period was ¥142,856,622.47, down 59.3% from ¥350,823,707.33 in the same period last year[66] - The company reported a comprehensive income total of ¥573,254,267.96, compared to ¥1,146,610,049.91 in the previous period, indicating a decline of 50.0%[88] - The net profit for the current period is ¥603,110,114.35, a decrease of 43.2% compared to ¥1,062,432,547.04 in the previous period[85] Assets and Liabilities - Total assets increased by 9.09% to CNY 17,534,515,176.32 compared to the end of the previous year[8] - Total current assets increased to ¥9,051,098,417.63 as of September 30, 2019, up from ¥8,036,848,654.85 on December 31, 2018, representing a growth of approximately 12.6%[44] - Total non-current assets rose to ¥8,483,416,758.69 from ¥8,037,204,822.61, marking an increase of approximately 5.5%[47] - Total liabilities increased to ¥8,591,716,734.37 from ¥7,656,686,739.17, representing a rise of approximately 12.2%[50] - Long-term borrowings amounted to ¥3,710,298,771.86, with an increase of ¥1,462,933,715.51 during the reporting period[28] - The company’s non-current liabilities due within one year increased by ¥1,401,071,685.50, reflecting a 1187% increase compared to the previous period[28] - Total liabilities rose to ¥3,191,006,877.16, compared to ¥2,228,112,661.92, marking an increase of about 43.3%[63] Cash Flow - Cash flow from operating activities increased by 17.70% to CNY 653,871,887.52 year-to-date[8] - Operating cash inflow totaled CNY 8,494,233,656.21, a decrease of 3.9% from CNY 8,841,212,788.30 in the previous period[100] - The net cash flow from financing activities was CNY 972,416,898.60, a significant improvement from CNY -289,364,586.72 in the previous period[103] - The cash and cash equivalents at the end of the period stood at CNY 1,606,000,187.73, compared to CNY 2,015,033,482.36 at the end of the previous period[103] Shareholder Information - The largest shareholder, Anhui Zhongding Holding (Group) Co., Ltd., holds 46.68% of the shares[12] - There were no significant changes in the top ten shareholders' holdings during the reporting period[19] - As of September 30, 2019, the company repurchased a total of 9,565,700 shares, accounting for 0.7835% of the total share capital, with a total payment of ¥100,000,752.4 (including transaction fees) [24] - During the reporting period, the company repurchased 1,972,700 shares, representing 0.1615% of the total share capital, with a total payment of ¥17,564,584.82 (including transaction fees) [24] Research and Development - Research and development expenses were ¥180,902,649.42, an increase from ¥165,484,941.84, indicating a growth of about 9.0%[64] - Research and development expenses for the current period are ¥61,015,497.21, a decrease of 20.4% compared to ¥76,579,481.48 in the previous period[93] Operational Performance - Operating revenue for the period was ¥2,600,236,827.14, a decrease of 2.0% from ¥2,652,913,079.94 in the previous period[64] - Operating costs increased to ¥2,423,539,810.44, up from ¥2,261,298,410.30, reflecting a rise of approximately 7.2%[64] - The company reported a total operating cost of ¥7,491,825,618.62, slightly down from ¥7,544,509,851.67 in the previous period[82] - The company experienced a decrease in operating costs, which are reported at ¥1,473,222,848.27, down from ¥1,673,030,254.34, reflecting a reduction of 12.0%[90] Tax and Financial Performance - The company recorded a tax expense of ¥129,829,706.25, down from ¥204,180,169.12, which is a decrease of 36.4%[85] - The company received tax refunds of CNY 66,191,938.44, an increase from CNY 25,792,463.82 in the previous period[100]

安徽中鼎密封件股份有限公司 2019 年半年度报告全文 安徽中鼎密封件股份有限公司 2019 年半年度报告 2019-067 2019 年 08 月 1 安徽中鼎密封件股份有限公司 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 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：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 请投资者注意投资风险。公司已在本报告中披露公司未来发展的展望部分，对 可能面临的风险及对策进行详细描述，敬请广大投资者留意查阅。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 安徽中鼎密封件股份有限公司 2019 年半年度报告全文 目录 | --- | |--------------------------------------------------------- ...

Financial Performance - The company's operating revenue for Q1 2019 was ¥2,657,323,905.92, a decrease of 12.63% compared to ¥3,041,380,608.13 in the same period last year[8] - Net profit attributable to shareholders was ¥308,959,613.96, down 17.99% from ¥376,714,914.37 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥294,536,622.25, reflecting a decrease of 17.64% compared to ¥357,608,425.71 in the previous year[8] - Basic and diluted earnings per share were both ¥0.2531, down 18.35% from ¥0.31 in the previous year[8] - The weighted average return on equity was 3.64%, a decline of 1.21% from 4.85% in the same period last year[8] - The company's operating revenue for the current period is ¥565,756,070.93, a decrease of 14.74% compared to ¥663,286,058.70 in the previous period[54] - The net profit for the current period is ¥55,951,693.84, down 17.5% from ¥67,821,890.34 in the previous period[56] - The total comprehensive income for the current period is ¥205,601,001.85, a decrease from ¥447,683,851.25 in the previous period[52] Cash Flow and Liquidity - The net cash flow from operating activities increased by 8.49% to ¥220,222,387.32 from ¥202,987,802.57 in the same period last year[8] - The cash flow from operating activities for the current period is ¥220,222,387.32, an increase from ¥202,987,802.57 in the previous period[60] - The total cash inflow from operating activities is ¥2,658,741,269.47, down from ¥2,812,443,405.92 in the previous period[60] - The net cash flow from operating activities for the first quarter was ¥83,803,282.91, an increase from ¥24,165,250.60 in the previous period, representing a growth of approximately 247%[64] - The total cash and cash equivalents at the end of the period reached ¥980,966,419.97, up from ¥656,303,952.47 in the previous period, reflecting an increase of about 49%[66] - Cash and cash equivalents increased to ¥2,733,984,547.37, up 61% from ¥1,699,554,457.17 due to the arrival of funds from convertible bond issuance[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥17,111,077,475.45, an increase of 6.45% from ¥16,074,053,477.46 at the end of the previous year[8] - Total current assets increased to ¥9,065,172,957.22 as of March 31, 2019, up from ¥8,036,848,654.85 at the end of 2018, representing a growth of approximately 12.8%[37] - Total assets reached ¥17,111,077,475.45, compared to ¥16,074,053,477.46 at the end of 2018, indicating an increase of approximately 6.4%[41] - Total liabilities increased to ¥8,275,733,943.30 from ¥7,656,686,739.17, representing a rise of about 8.1%[41] - Total liabilities rose to CNY 2,912,361,521.45, compared to CNY 2,228,112,661.92, marking an increase of 30.8%[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,338, with the largest shareholder holding 46.68%[12] - Net assets attributable to shareholders increased by 4.77% to ¥8,676,473,562.85 from ¥8,281,500,393.61 at the end of the previous year[8] - The company's equity attributable to shareholders rose to ¥8,676,473,562.85, up from ¥8,281,500,393.61, an increase of approximately 4.8%[41] Expenses and Costs - Total operating costs for Q1 2019 were CNY 2,300,102,170.94, down from CNY 2,608,330,199.65, reflecting a cost reduction of approximately 11.8%[49] - Research and development expenses for Q1 2019 were CNY 121,281,878.48, slightly down from CNY 122,003,844.91, indicating a marginal decrease of 0.6%[49] - The company reported a decrease in sales expenses to CNY 96,511,724.59 from CNY 120,407,685.67, a reduction of approximately 19.8%[49] - Research and development expenses for the current period amount to ¥17,732,600.80, down from ¥20,192,667.21 in the previous period[54] - Sales expenses decreased to ¥24,790,609.16 from ¥33,827,834.73 in the previous period, reflecting a reduction of 26.7%[54] Other Income and Gains - The company reported a non-operating income of ¥7,765,809.19, with a tax impact of ¥2,683,777.14[8] - Investment income fell by 53% to ¥7,765,809.19, attributed to a decrease in financial management income[19] - Tax refunds received increased by 371% to ¥25,136,397.21, mainly due to an increase in export tax rebates[19] - The company received tax refunds of ¥25,136,397.21, significantly higher than ¥5,335,371.39 in the previous period[60] Share Repurchase and Bonds - The company repurchased a total of 7,593,000 shares, representing 0.622% of the total share capital, with a total expenditure of ¥82,436,167.58[20] - The company issued convertible bonds resulting in a total of ¥986,339,857.19 in bonds payable[19] - The company issued bonds, receiving cash inflow of ¥1,189,200,000.00 during the quarter, which was not present in the previous period[66]

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].

Financial Performance - Net profit attributable to shareholders rose by 6.71% to CNY 349,072,592.75 for the reporting period[8] - Operating revenue for the period was CNY 2,652,913,079.94, reflecting a growth of 7.80% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 9.09% to CNY 325,076,241.90[8] - Basic earnings per share increased by 7.41% to CNY 0.29[8] - The weighted average return on equity was 4.01%, a decrease of 0.63% compared to the previous year[8] Assets and Liabilities - Total assets increased by 7.06% to CNY 16,431,689,130.59 compared to the end of the previous year[8] - Cash and cash equivalents increased by 31% to CNY 2,110,251,786.71, primarily due to accelerated collection of receivables and recovery of financial products[17] - Other current assets decreased by 54% to CNY 521,332,456.56, mainly due to a reduction in the maturity of financial products[17] - Construction in progress rose by 44% to CNY 760,683,620.37, attributed to the expansion of business scale and increased factory and equipment investments[17] - Short-term borrowings increased by 114% to CNY 1,091,435,600.78, primarily due to increased borrowings by the subsidiary in Europe[17] - Other non-current assets grew by 118% to CNY 110,847,564.78, mainly due to an increase in prepaid equipment and project payments[17] Cash Flow - The company reported a net cash flow from operating activities of CNY 555,541,159.83, down 10.30% year-on-year[8] - Cash received from operating activities rose by 114% to CNY 113,354,158.96, attributed to increased receivables from external units[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 40,643[12] - The largest shareholder, Anhui Zhongding Holding (Group) Co., Ltd., held 46.17% of the shares[12] Non-Recurring Items - Non-recurring gains and losses totaled CNY 66,591,464.91 for the reporting period[10] - Financial expenses decreased by 68% to CNY 36,177,330.17, primarily due to increased exchange gains[17] - Investment income increased by 31% to CNY 53,633,404.88, mainly due to higher returns from financial investments[17] Corporate Governance and Compliance - The company committed to avoid engaging in competitive businesses with its subsidiaries in the future[21] - The company has made commitments to avoid competition and ensure compliance with regulations, which are effective until May 28, 2015[22] - There are no significant changes in the cumulative net profit expected for the year compared to the same period last year[23] - The company did not engage in any securities investments during the reporting period[24] - There were no entrusted financial management activities during the reporting period[25] - The company did not participate in any derivative investments during the reporting period[26] - No research, communication, or interview activities were conducted during the reporting period[27] - There were no violations regarding external guarantees during the reporting period[28] - The company did not experience any non-operating fund occupation by controlling shareholders or related parties during the reporting period[29] Share Repurchase - The company terminated the 2016 restricted stock incentive plan and repurchased 13,566,000 shares that had not yet been released from restrictions[18]

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].

Financial Performance - Total assets increased by 25.13% to CNY 14.85 billion compared to the end of the previous year[8] - Net assets attributable to shareholders increased by 11.85% to CNY 7.22 billion[8] - Operating revenue for the period was CNY 2.46 billion, a year-on-year increase of 6.37%[8] - Net profit attributable to shareholders was CNY 327.11 million, up 0.45% year-on-year[8] - Net profit excluding non-recurring gains and losses decreased by 6.42% to CNY 297.99 million[8] - Basic earnings per share remained stable at CNY 0.27, with a slight increase of 0.00%[8] - Weighted average return on equity decreased by 2.01% to 4.64%[8] Cash Flow and Investments - Cash flow from operating activities for the year-to-date was CNY 619.32 million, an increase of 23.29%[8] - The company reported non-recurring gains totaling CNY 53.56 million for the year-to-date[10] - Cash received from operating activities increased by 42% to RMB 7,853,047,747.89 from RMB 5,501,592,067.18, driven by business growth and an expanded consolidation scope[17] - The company reported a significant increase in cash received from investment activities, reaching RMB 2,271,356,149.85, a 2257% increase from RMB 96,365,595.55, due to the maturity of financial products[17] - The company’s cash flow from financing activities showed a substantial increase, with cash received from borrowings rising by 341% to RMB 2,966,635,016.91 from RMB 672,495,307.00, reflecting increased bank borrowings[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 37,820[12] - The first unlock period of the 2016 restricted stock incentive plan has been achieved, with 587 eligible participants applying for the release of 5.58075 million shares, accounting for 0.4521% of the total share capital[18] - The company will repurchase and cancel 54,000 shares of restricted stock from 4 former incentive recipients at a repurchase price of 11.89 CNY per share, totaling 642,06 CNY[18] Assets and Liabilities - As of September 30, 2017, accounts receivable increased by 47% to RMB 639,139,760.38 from RMB 433,499,949.06, primarily due to business growth and an expanded consolidation scope[17] - Inventory rose by 42% to RMB 2,015,953,037.94 from RMB 1,416,553,872.30, attributed to business growth and an increase in the consolidation scope[17] - Long-term borrowings increased by 78% to RMB 3,564,188,005.54 from RMB 1,997,206,249.16, driven by the acquisition of TFH and an expanded consolidation scope[17] Operational Performance - Total revenue reached RMB 7,842,540,349.80, a 32% increase from RMB 5,951,258,381.10, due to business growth and an expanded consolidation scope[17] - Operating costs increased by 35% to RMB 5,527,676,082.12 from RMB 4,089,922,989.70, reflecting business growth and an expanded consolidation scope[17] - Financial expenses surged by 72% to RMB 92,170,259.36 from RMB 53,616,422.85, mainly due to acquisition loans and an expanded consolidation scope[17] Commitments and Compliance - The company has fulfilled its commitment regarding major asset restructuring made in October 2015, with no outstanding commitments as of the report date[20] - There are no significant changes expected in the cumulative net profit for the year compared to the previous year, indicating stable performance[22] - The company has not engaged in any securities or derivative investments during the reporting period[23][22] - The company has not conducted any precision poverty alleviation work or plans for future initiatives as of the third quarter[28] - There are no violations regarding external guarantees during the reporting period[26] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[27] Investor Relations - The company conducted on-site research with various institutional investors to discuss industry conditions and operational status[24][25] - The company has committed to not providing financial assistance or guarantees to any related parties[21]

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].