浙江钱江摩托股份有限公司 2018 年第三季度报告全文 浙江钱江摩托股份有限公司 2018 年第三季度报告 2018 年 10 月 1 浙江钱江摩托股份有限公司 2018 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。 公司负责人余瑾、主管会计工作负责人江传敏及会计机构负责人(会计主管 人员)茅海敏声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江钱江摩托股份有限公司 2018 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 □ 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） | 4,543,050,995.92 | 3,918,361,023.17 | | 15.94% | | 归属于上市公司股东的净资产 | 2,476,596,482.75 | 2,464,004,220. ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,910,554,919.06, representing a 53.20% increase compared to CNY 1,247,100,947.99 in the same period last year[18]. - The net profit attributable to shareholders was CNY 67,386,810.45, up 33.04% from CNY 50,651,660.95 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 58,693,442.92, reflecting a 10.91% increase from CNY 52,920,629.22 in the previous year[18]. - The net cash flow from operating activities was CNY 102,600,362.18, a significant improvement from a negative CNY 48,835,912.16 in the same period last year, marking a 310.09% change[18]. - The company achieved a revenue of CNY 1.91 billion, representing a year-on-year growth of 53.20%[30]. - The net profit attributable to shareholders was CNY 67.39 million, up 33.04% year-on-year, while the net profit after deducting non-recurring items was CNY 58.69 million, reflecting a growth of 10.91%[30]. - The company reported a total revenue of 1,335,273,680 CNY for the first half of 2018, with a net profit of 598,054,668 CNY, indicating a significant performance in the motorcycle sector[57]. - The company reported a total of 28,654,741.25 CNY in capital contributions from shareholders during the period[145]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,600,269,851.66, an increase of 17.40% from CNY 3,918,361,023.17 at the end of the previous year[18]. - The company's net assets attributable to shareholders were CNY 2,484,608,484.44, a slight increase of 0.84% from CNY 2,464,004,220.00 at the end of the previous year[18]. - Total liabilities increased to RMB 2,056,837,437.11 from RMB 1,394,322,108.49, reflecting a growth of approximately 47.5%[117]. - The total liabilities at the end of the period were 1,151,604,000.00 CNY, reflecting a stable financial position[146]. Sales and Market Performance - Domestic sales revenue reached CNY 1.15 billion, accounting for approximately 60% of total revenue, with a year-on-year increase of 65.94%[30]. - Export sales revenue was CNY 760 million, making up about 40% of total revenue, with a year-on-year growth of 44.90%[30]. - The company sold 222,300 two-wheeled motorcycles in the first half of the year, marking an 8.15% increase year-on-year, with domestic sales declining by 4.37%[30]. - The proportion of large-displacement motorcycles is gradually increasing, with a market shift towards international markets[26]. Research and Development - Research and development expenses increased by 60.94% to CNY 54.31 million, driven by new product mold investments[34]. - The company plans to enhance its research and development efforts to improve product technology and reduce costs through lean production methods[59]. Investment and Financing - The company reported a significant increase in investment amounting to ¥42,980,872.63, reflecting a 1,784.92% increase compared to the previous year[47]. - The company’s investment management subsidiary reported a revenue of 360,532,503 CNY, contributing to the overall financial performance[57]. - The company engaged in derivative investments with a total initial investment of 39,780,000 CNY, and the end investment amount was 19,890,000 CNY, representing 8.01% of the company's net assets[51]. Cash Flow and Financial Position - The company's cash flow from operating activities improved significantly, reaching CNY 102.60 million, compared to a negative cash flow of CNY 48.84 million in the previous year[34]. - The company’s cash and cash equivalents increased to ¥574,876,783.60, representing 12.50% of total assets, attributed to higher net cash flow from operating and financing activities[42]. - The company’s management expenses decreased significantly to ¥33,245,078.37 from ¥55,962,638.40 in the previous period, indicating improved cost management[128]. Risks and Challenges - The company is facing risks including macroeconomic downturns, exchange rate fluctuations, and raw material price volatility, which could impact future performance[58]. - The company is committed to monitoring foreign exchange market trends to mitigate the impact of currency fluctuations on its operations[59]. Compliance and Governance - The company has not reported any major litigation or regulatory penalties during the reporting period, indicating stable operational compliance[68]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position and operating results[154]. Shareholder Information - Zhejiang Qianjiang Motorcycle Co., Ltd. reported a total of 453,536,000 shares outstanding, with 100% being unrestricted shares[96]. - The company has a total of 13,838 common shareholders as of the end of the reporting period[99]. - Zhejiang Geely Holding Group Co., Ltd. holds 29.77% of the shares, amounting to 135,000,000 shares[99]. Environmental and Social Responsibility - The company has established a wastewater treatment station with a treatment capacity of 15 tons per hour, ensuring compliance with discharge standards[86]. - There were no significant environmental issues reported during the period[84]. - The company has not engaged in any poverty alleviation work during the reporting period and has no subsequent plans[87].

Financial Performance - The company's operating revenue for Q1 2018 was ¥776,236,174.92, representing a 42.97% increase compared to ¥542,931,953.87 in the same period last year[8] - Net profit attributable to shareholders decreased by 6.68% to ¥20,300,908.54 from ¥21,755,125.15 year-on-year[8] - The net profit after deducting non-recurring gains and losses fell by 32.12% to ¥16,275,150.64, down from ¥23,977,796.56 in the previous year[8] - The basic earnings per share decreased by 20.00% to ¥0.04 from ¥0.05 in the same period last year[8] - The diluted earnings per share also decreased by 20.00% to ¥0.04 from ¥0.05 year-on-year[8] - The weighted average return on equity was 0.82%, down from 0.88% in the previous year[8] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥22,561,149.36, a decline of 152.52% compared to ¥42,955,215.73 in the same period last year[8] - Total assets at the end of the reporting period reached ¥4,258,918,787.38, an increase of 8.69% from ¥3,918,361,023.17 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.46% to ¥2,500,048,147.62 from ¥2,464,004,220.00 at the end of the previous year[8] - Cash and cash equivalents increased by 502% year-on-year, primarily due to changes in financing activities[19] Revenue and Costs - Operating revenue increased by 42.97% year-on-year, mainly driven by increased sales of large-displacement motorcycles[17] - Operating costs rose by 42.69% year-on-year, corresponding to the increase in large-displacement motorcycle sales[17] - Short-term borrowings increased by 100% compared to the beginning of the period, attributed to increased bank loans[17] - Accounts receivable increased by 23.48% compared to the beginning of the period, primarily due to revenue growth[17] - Financial expenses increased by 801.52% year-on-year, mainly due to RMB appreciation and foreign exchange rate decline[17] - Investment income increased by 383.13% year-on-year, resulting from gains from forward foreign exchange settlements[17] Other Financial Metrics - The company reported non-recurring gains totaling ¥4,025,757.90, which included government subsidies and other income[9] - Other receivables decreased by 37.12% compared to the beginning of the period, due to tax refunds received by a subsidiary[16] - Construction in progress decreased by 21.38% compared to the beginning of the period, as fixed asset installations were completed[16] - The net cash flow from operating activities decreased by 152.52% year-on-year, mainly due to increased accounts receivable despite higher operating revenue[18] Foreign Exchange and Derivative Investments - The company generated actual gains of 4.905 million yuan from forward foreign exchange contracts that matured during the reporting period[25] - The fair value gains from the differences in quotes of outstanding forward foreign exchange contracts amounted to 11.325 million yuan, resulting in a total profit of 16.23 million yuan[25] - The company strictly adhered to the regulations of the Shenzhen Stock Exchange and its internal control systems for forward foreign exchange trading during the reporting period[25] - The company aims to mitigate the impact of exchange rate fluctuations on its operational performance through forward foreign exchange transactions[25] - There were no significant changes in the accounting policies or principles for derivative investments compared to the previous reporting period[25] - The company has not engaged in any speculative operations that could harm the interests of the company and its shareholders[25] - The company has no violations regarding external guarantees during the reporting period[27] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[28] - The company’s derivative investments are primarily aimed at hedging risks rather than speculative purposes[25] - The company will continue to monitor exchange rate changes closely to manage its foreign exchange risk effectively[25]

Financial Performance - The company's operating revenue for 2017 was CNY 2,715,806,355.59, representing a 20.27% increase compared to CNY 2,258,069,979.29 in 2016[17]. - The net profit attributable to shareholders of the listed company decreased by 74.79% to CNY 82,743,691.24 from CNY 328,244,619.24 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 64,132,803.98, a significant increase of 126.51% compared to a loss of CNY 241,945,363.41 in 2016[17]. - The net cash flow from operating activities was CNY 126,688,699.28, down 50.23% from CNY 254,557,617.95 in 2016[18]. - Basic earnings per share decreased by 75.00% to CNY 0.18 from CNY 0.72 in the previous year[18]. - The total operating revenue for 2017 reached approximately CNY 2.72 billion, a year-on-year increase of 20.27%[48]. - The total revenue for the two-wheeled motorcycle segment reached ¥2,237,714,616.85, accounting for 82.40% of total revenue, with a year-on-year growth of 40.18%[49]. - The gross profit margin for the manufacturing sector was 21.01%, a decrease of 0.83% compared to the previous year[50]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% growth compared to the previous year[168]. Sales and Market Performance - The company sold 400,400 motorcycles in 2017, marking a 21.31% increase year-on-year, with domestic sales of 222,700 units (up 12.74%) and international sales of 177,700 units (up 34.07%)[33]. - The sales revenue from motorcycles reached CNY 2.24 billion in 2017, reflecting a 40.18% increase compared to the previous year[33]. - The company achieved over 220,000 vehicle sales in the domestic market, exceeding the set sales target and representing a year-on-year growth of approximately 13%[35]. - Sales of large-displacement products continued to grow, with the Benelli brand experiencing a rapid development phase, achieving sales of about 32,000 units, doubling year-on-year[35]. - The company anticipates continued growth in motorcycle sales and plans to expand its market presence through new product development and strategic investments[69]. - The international market is anticipated to be the main source of growth for motorcycle sales, with the company shifting focus from domestic to international markets, particularly in Southeast Asia, Africa, and South America[88]. Research and Development - The company continues to focus on R&D and innovation, maintaining a strong competitive edge in the motorcycle industry through advanced manufacturing capabilities and a robust quality control system[30]. - The company has achieved basic electrification of engines, with 15 invention patents and 12 utility model patents filed in 2017, totaling 182 effective patents[38]. - R&D investment for 2017 was ¥87,728,671.26, representing 3.23% of operating revenue, a significant decrease of 39.56% compared to the previous year[62]. - The number of R&D personnel decreased by 7.44% to 224, with the proportion of R&D personnel to total employees dropping to 5.15%[62]. - The company plans to invest 100 million RMB in R&D for new technologies over the next three years, focusing on sustainable energy solutions[168]. Strategic Initiatives - The company plans to enhance its international market presence, shifting focus from domestic to international sales, supported by a "one country, one policy" strategy[34]. - The company aims to achieve a sales target of 1 million units and 10 billion RMB in revenue within five years as part of its "Qianjiang 511 Strategy" and to become a world-class motorcycle manufacturer in ten years[90]. - The automotive parts industry is a key area for the company's transformation, with a focus on cost and quality management to gain trust from major clients like Geely Group[91]. - The company will continue to improve its management practices by learning from Geely Group's successful systems and experiences[92]. Financial Management and Governance - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company did not propose any cash dividend distribution for the fiscal year 2017, despite having a positive profit available for distribution[99]. - The company has not made any adjustments to its cash dividend policy during the reporting period, ensuring compliance with its articles of association[97]. - The company has engaged Ruihua Certified Public Accountants for internal control audits, with a fee of 300,000 RMB[109]. - The company has no major litigation or arbitration matters during the reporting period[111]. - The company has no major contracts or other significant agreements during the reporting period[131]. Environmental and Social Responsibility - The company reported a total wastewater discharge of 3.555 tons for COD, which is below the annual limit of 6 tons, indicating compliance with pollution discharge standards[135]. - The company has implemented measures to meet new environmental protection standards, resulting in significant improvements in regional environmental conditions[135]. - The company has established an emergency response plan for environmental incidents, which was filed with the local environmental protection bureau[136]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[134]. Shareholder Information - The largest shareholder, Zhejiang Geely Holding Group Co., Ltd., holds 29.77% of shares, totaling 135,000,000 shares[147]. - The second largest shareholder, Wenling Qianjiang Investment Co., Ltd., owns 11.68% of shares, amounting to 52,971,397 shares[147]. - The company has not encountered any significant accounting errors requiring restatement during the reporting period[106]. - The company has not experienced any changes in its controlling shareholder during the reporting period[149].

浙江钱江摩托股份有限公司 2017 年第三季度报告正文 证券代码：000913 证券简称：钱江摩托 公告编号：2017 临-047 浙江钱江摩托股份有限公司 2017 年第三季度报告正文 1 浙江钱江摩托股份有限公司 2017 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。 公司负责人林华中、主管会计工作负责人江传敏及会计机构负责人(会计主 管人员)茅海敏声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江钱江摩托股份有限公司 2017 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） | 3,834,314,348.03 | 3,593,318,855.60 | | 6.71% | | ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,247,100,947.99, representing a 15.31% increase compared to CNY 1,081,501,297.34 in the same period last year[18]. - The net profit attributable to shareholders was CNY 50,651,660.95, a slight increase of 0.42% from CNY 50,437,824.27 year-on-year[18]. - The net profit after deducting non-recurring gains and losses surged by 474.86% to CNY 52,920,629.22, compared to a loss of CNY 14,117,517.84 in the previous year[18]. - The company's operating revenue for the reporting period was approximately CNY 1.25 billion, representing a year-on-year increase of 15.31%[34]. - The company's operating costs increased by 10.70% to approximately CNY 970.59 million[34]. - The company reported a total comprehensive income of CNY 158,873,074.59, compared to CNY 130,408,056.51 in the previous year, representing a growth of 21.83%[109]. - The company reported a significant decline in profit margins, with a net profit margin of approximately 4.6% for the motorcycle segment[49]. Assets and Liabilities - The company's total assets increased by 7.07% to CNY 3,847,461,516.80 from CNY 3,593,318,855.60 at the end of the previous year[18]. - The net assets attributable to shareholders rose by 4.86% to CNY 2,455,560,733.10, up from CNY 2,341,648,816.66[18]. - Total liabilities rose to CNY 1,339,448,529.81 from CNY 1,227,480,084.45, an increase of approximately 9.1%[100]. - The total equity decreased to CNY 1,283,748,212.59 from CNY 1,367,695,360.73, reflecting a decline of 6.13%[108]. - The company’s total assets reached CNY 3,847,461,516.80, up from CNY 3,593,318,855.60, reflecting an increase of approximately 7.1%[101]. Cash Flow - The cash flow from operating activities showed a significant decline, with a net outflow of CNY 48,835,912.16 compared to a positive inflow of CNY 1,370,483.56 in the same period last year, marking a decrease of 3,663.41%[18]. - The company reported a net cash outflow from operating activities of approximately CNY 48.84 million, a significant decrease compared to the previous year's inflow of CNY 1.37 million[34]. - The company’s investment activities resulted in a net cash outflow of approximately CNY 51.77 million, primarily due to increased fixed asset purchases[35]. - The company reported a net cash outflow from investing activities of CNY -88,737,392.12, worsening from CNY -59,048,026.58 in the previous period[120]. - Cash inflow from financing activities was CNY 100,000,000.00, down from CNY 220,000,000.00, a decrease of approximately 54.5%[120]. Market and Production - In the first half of 2017, the company produced 180,000 vehicles and achieved sales of 205,600 vehicles, with domestic sales of 121,300 vehicles (up 9.66%) and export sales of 84,300 vehicles (up 28.3%)[32]. - The company plans to focus on the high-end motorcycle market while leveraging its mechanical processing and electronic control capabilities for the development of key components in the new energy vehicle sector[26]. - The company expects to establish a processing capacity of 100,000 sets of hybrid power gear and axle components by the end of 2017[32]. Investments and Subsidiaries - The company has established new subsidiaries, including Zhejiang Longjin Battery Technology Co., Ltd. and Xi'an Qianjiang Motorcycle Sales Co., Ltd., although these investments had no significant impact on overall operations[49]. - The company has increased its consolidated scope by 2 subsidiaries compared to the previous year, totaling 27 subsidiaries included in the current period[134]. Research and Development - The company's R&D investment decreased by 43.72% to approximately CNY 33.74 million, primarily due to reduced mold investment[34]. - The company is committed to enhancing its technological capabilities and product innovation to mitigate industry risks and improve competitiveness[50]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,484[84]. - Zhejiang Geely Holding Group Co., Ltd. holds 29.77% of the shares, totaling 135,000,000 ordinary shares[85]. - The company has not declared any cash dividends or stock bonuses for the half-year period, indicating a focus on reinvestment[53]. Regulatory and Compliance - The company has not engaged in any major litigation or regulatory penalties during the reporting period, indicating a stable operational environment[58]. - The financial report for the first half of the year was not audited[96]. Environmental and Social Responsibility - The company has a wastewater treatment facility with a processing capacity of 15 tons per hour, meeting the third-level discharge standards[75]. - The company has not conducted any poverty alleviation work or plans during the reporting period[73]. Financial Reporting and Accounting Policies - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[136]. - The company adheres to the enterprise accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows[138].

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,247,100,947.99, representing a 15.31% increase compared to CNY 1,081,501,297.34 in the same period last year[17]. - The net profit attributable to shareholders was CNY 50,651,660.95, a slight increase of 0.42% from CNY 50,437,824.27 year-on-year[17]. - The net profit after deducting non-recurring gains and losses surged by 474.86% to CNY 52,920,629.22, compared to a loss of CNY 14,117,517.84 in the previous year[17]. - The company's total assets increased by 7.07% to CNY 3,847,461,516.80 from CNY 3,593,318,855.60 at the end of the previous year[17]. - The net assets attributable to shareholders rose by 4.86% to CNY 2,455,560,733.10, up from CNY 2,341,648,816.66[17]. - The company reported a total comprehensive income of CNY 158,873,074.59, compared to CNY 130,408,056.51 in the previous year, marking an increase of 21.83%[108]. - The company’s operating profit was CNY 53,425,558.60, down from CNY 61,650,824.64, reflecting a decrease of 13.67%[107]. - Earnings per share remained stable at CNY 0.11 for both periods[108]. Cash Flow and Investments - The cash flow from operating activities showed a significant decline, with a net outflow of CNY 48,835,912.16 compared to a positive inflow of CNY 1,370,483.56 in the same period last year, marking a decrease of 3,663.41%[17]. - The company reported a net cash outflow from operating activities of approximately -¥48.84 million, a significant decrease compared to the previous year's inflow[34]. - The company’s investment activities resulted in a net cash outflow of approximately -¥51.77 million, primarily due to increased fixed asset purchases[34]. - The company reported a net cash outflow from investing activities of CNY -88,737,392.12, worsening from CNY -59,048,026.58 in the previous period[119]. - Cash inflow from financing activities was CNY 100,000,000.00, down from CNY 220,000,000.00, a decrease of approximately 54.5%[119]. - The ending cash and cash equivalents balance was CNY 229,268,879.58, significantly higher than CNY 30,423,110.75 at the end of the previous period[119]. Operational Highlights - In the first half of 2017, the company produced 180,000 vehicles and achieved sales of 205,600 vehicles, with domestic sales of 121,300 vehicles (up 9.66%) and international sales of 84,300 vehicles (up 28.3%)[31]. - The company's operating costs increased by 10.70% to approximately ¥970.59 million, while management expenses decreased by 29.60% due to reduced R&D investment[33]. - R&D investment decreased by 43.72% to approximately ¥33.74 million, primarily due to reduced mold investment[33]. - The gross margin for the motorcycle manufacturing segment improved to 24.57%, up from 24.33% in the previous year[35]. - The company expects to establish a processing capacity of 100,000 sets of hybrid power gear and axle components by the end of 2017[31]. Assets and Liabilities - Total current assets increased to CNY 2,076,796,643.51 from CNY 1,980,147,629.80, representing a growth of approximately 4.9%[98]. - Total liabilities increased to CNY 1,339,448,529.81 from CNY 1,227,480,084.45, an increase of approximately 9.1%[99]. - Cash and cash equivalents decreased to CNY 385,747,366.40 from CNY 487,054,394.49, a decline of about 20.9%[97]. - Accounts receivable rose to CNY 603,528,432.64 from CNY 509,686,194.31, marking an increase of approximately 18.4%[97]. - Inventory decreased to ¥723,180,917.6, making up 18.80% of total assets, down from 23.75%, a decline of 4.95% attributed to reduced stock[38]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,484, with Zhejiang Geely Holding Group Co., Ltd. holding 29.77% of shares, equivalent to 135,000,000 shares[83]. - The company reported a total of 453,536,000 shares, with 99.98% being unrestricted shares, amounting to 453,436,347 shares[81]. - The company did not distribute cash dividends or issue bonus shares[5]. - The company did not issue any new shares or conduct any share buyback transactions during the reporting period[84]. Risks and Challenges - The company has identified risks including macroeconomic downturns, exchange rate fluctuations, and raw material price volatility, which could impact future performance[49][50]. - The company reported a significant decline in profitability in its subsidiaries, with losses reported in multiple segments, necessitating strategic adjustments[48]. - The company faced a net loss of 208,596,48 CNY in its subsidiary Zhejiang Qianjiang Motorcycle Import and Export Co., Ltd., highlighting challenges in the export market[48]. Corporate Governance - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[85]. - The company has not faced any major litigation or regulatory penalties during the reporting period, indicating a stable legal standing[58]. - The company did not initiate any poverty alleviation programs nor has any plans for such initiatives[73]. Accounting Policies - The company adheres to the accounting standards and ensures that the financial statements reflect its financial position, operating results, and cash flows accurately[137]. - The company’s financial statements are prepared based on the assumption of going concern, with no significant doubts regarding its ability to continue operations for the next 12 months[135]. - The company’s accounting policies are tailored to its motorcycle manufacturing operations, particularly in revenue recognition[136].

浙江钱江摩托股份有限公司 2017 年第一季度报告正文 证券代码：000913 证券简称：*ST 钱江 公告编号：2017 临-022 浙江钱江摩托股份有限公司 2017 年第一季度报告正文 1 浙江钱江摩托股份有限公司 2017 年第一季度报告正文 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。 公司负责人林华中、主管会计工作负责人江传敏及会计机构负责人(会计主 管人员)刘娟声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江钱江摩托股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 542,931,953.87 | 502,267,867.91 | 8.10% | | ...

Financial Performance - The company's operating revenue for 2016 was CNY 2,258,069,979.29, representing a 5.55% increase compared to CNY 2,139,315,108.51 in 2015[16] - The net profit attributable to shareholders of the listed company was CNY 328,244,619.24, a significant increase of 352.02% from a loss of CNY 130,246,436.97 in the previous year[16] - The net cash flow from operating activities was CNY 254,557,617.95, up 54.26% from CNY 165,015,416.36 in 2015[17] - Basic earnings per share rose to CNY 0.72, compared to a loss of CNY 0.29 per share in 2015, marking a 348.28% improvement[17] - The total assets at the end of 2016 were CNY 3,593,318,855.60, an increase of 4.81% from CNY 3,428,270,444.59 at the end of 2015[17] - The net assets attributable to shareholders increased by 17.06% to CNY 2,341,648,816.66 from CNY 2,000,337,849.80 in 2015[17] - The company reported a weighted average return on equity of 15.21%, a significant recovery from -6.39% in the previous year[17] - The net profit after deducting non-recurring gains and losses was CNY -241,945,363.41, a decrease of 57.71% compared to CNY -153,411,898.62 in 2015[16] Revenue and Sales - In Q1 2023, the company reported revenue of approximately ¥502.27 million, with a significant increase to ¥691.72 million in Q4 2023, marking a quarterly growth of 37.5%[21] - The net profit attributable to shareholders was ¥43.43 million in Q1 2023, which surged to ¥273.11 million in Q4 2023, indicating a substantial increase in profitability[21] - The net cash flow from operating activities improved significantly, from ¥21.84 million in Q1 2023 to ¥172.14 million in Q4 2023, reflecting enhanced operational efficiency[21] - The company achieved a total revenue of ¥2.258 billion in 2016, representing a year-on-year growth of 5.56%, with export revenue reaching ¥759 million, up by 22.82%[31] - The company produced 330,100 motorcycles in 2016, with sales of 333,600 units, including 201,100 units sold domestically and 132,500 units sold internationally, showing a 12.1% increase in export sales[31] - The sales of large-displacement motorcycles reached 37,000 units in 2016, reflecting a year-on-year growth of 46.25%[31] Market Strategy - The company has shifted its market strategy from primarily domestic sales to focusing on international markets while stabilizing domestic sales, indicating a strategic pivot in operations[33] - The company has implemented a multi-brand strategy to cover international high, medium, and low-end markets, enhancing its competitive positioning globally[33] - The motorcycle industry remains a key segment for the company, shifting product focus from commuting to sports and leisure, with an emphasis on increasing export sales while stabilizing the domestic market[79] Research and Development - The company has established a strong research and development capability, with specialized institutes for various technological advancements, supporting its innovation efforts[29] - The company filed 18 patents for specialized large-displacement motorcycles and 12 for hybrid technology in 2016, enhancing its product development capabilities[38] - The company is investing 50 million RMB in R&D for advanced engine technology, aiming to improve fuel efficiency by 10%[148] Financial Management - The company reported a significant increase in R&D investment, totaling CNY 145,158,859.60, which is 6.43% of total revenue[59] - The company's net profit margin was impacted by a 102.55% increase in financial expenses due to currency depreciation[57] - The company reported a significant reduction in financial expenses, with a net financial income of CNY -41,206,798.41 compared to CNY -20,343,608.27 in the previous year[194] Cash Flow and Assets - The total assets at the end of 2016 amounted to ¥3,596,000,000, with cash and cash equivalents representing 13.55% of total assets, up from 3.53% in 2015[66] - The net increase in cash and cash equivalents was ¥358,687,832.24, reflecting a 609.03% increase year-on-year, primarily due to cash received from the transfer of partial equity in three subsidiaries[62] - The company's cash and cash equivalents increased significantly to CNY 487,054,394.49 from CNY 120,860,516.63, reflecting a growth of approximately 303.5%[185] Corporate Governance - The company has maintained effective internal controls in all material respects as of December 31, 2016, according to the internal control audit[174] - The audit opinion issued by Ruihua Certified Public Accountants was a standard unqualified opinion, confirming the fairness of the financial statements[179] - The company has established a comprehensive training system for employees, including onboarding, business training, and management enhancement training[160] Shareholder and Equity Changes - The company reported a significant shareholder change, with the state-owned Wenzhou Qianjiang Investment Holding Co., Ltd. reducing its stake from 11.68% to 0%[132] - The original controlling shareholder, Wenling Qianjiang Investment Management Co., Ltd., transferred 13.5 million shares (29.77% of total shares) to Zhejiang Geely Holding Group Co., Ltd., changing the controlling shareholder[123] - The total number of shares outstanding is 453,536,000, with 99.98% being unrestricted shares[130] Future Outlook - The company plans to leverage the strategic direction of the parent company, Geely Group, to achieve substantial breakthroughs in the lithium battery sector, particularly in new energy vehicles and energy storage[79] - The management plans to focus on market expansion and new product development to drive future growth[196] - The company aims to enhance its automotive parts business by prioritizing cost and quality management to gain trust from Geely Group and other clients, thereby expanding market opportunities[80]

Financial Performance - Net profit attributable to shareholders decreased by 112.22% to CNY 4,698,229.06 for the current period[8] - Operating revenue for the current period was CNY 484,849,250.72, representing a year-on-year increase of 17.07%[8] - Basic earnings per share for the current period was CNY 0.01, a decrease of 112.50% compared to the same period last year[8] - The weighted average return on net assets was 0.22%, down from 2.09% in the previous year[8] Assets and Liabilities - Total assets increased by 0.61% to CNY 3,449,186,354.99 compared to the end of the previous year[8] - The net assets attributable to shareholders increased by 5.62% to CNY 2,112,850,615.70 compared to the end of the previous year[8] - Deferred tax liabilities increased by 108.71% compared to the beginning of the period, due to changes in the fair value of available-for-sale financial assets held by a subsidiary[17] - Minority interests decreased by 43.35% compared to the beginning of the period, primarily due to the transfer of part of the equity during the reporting period[17] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY 82,414,776.86, an increase of 20.85%[8] - Investment income increased by 11809.59% year-on-year, due to the sale of shares in Fujian Guanfeng Modern Home Co., Ltd. and the transfer of subsidiary equity[17] - Net cash flow from investment activities increased by 15,128 million yuan year-on-year, primarily from the disposal of equity and sale of shares in Fujian Guanfeng Modern Home Co., Ltd.[18] - The net increase in cash and cash equivalents rose by 5,346 million yuan year-on-year, mainly due to the disposal of equity and sale of shares[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 20,247[12] - Zhejiang Geely Holding Group Co., Ltd. holds 29.77% of the shares, making it the largest shareholder[12] - The controlling shareholder, Wenling Qianjiang Investment Management Co., Ltd., intends to transfer 13,500,000 shares, representing 29.77% of the total share capital, which will change the controlling shareholder[26] - After the transfer, Wenling Qianjiang will hold 5,297,139.7 shares (11.68% of total shares), while Zhejiang Geely Holding Group will hold 13,500,000 shares (29.77% of total shares)[27] Receivables and Provisions - The company has accounts receivable from Venezuelan clients amounting to USD 46,185,121.01 (approximately CNY 308,415,001.08) due to foreign exchange policy adjustments[5] - The accounts receivable balance in Venezuela amounts to $46,185,121.01, equivalent to RMB 308,415,001.08, with a provision for bad debts of $36,569,921.27, impacting the company's profit by RMB -78.86 million for the first nine months of 2016[23] - The company will not increase the bad debt provision in Q4 2016 due to the ongoing nature of the receivables from Venezuelan customers[24] Investments and Transfers - The company’s subsidiary, Zhejiang Manbo Investment Management Co., Ltd., reduced its holdings in Guanfeng shares by 8.8 million shares at a transaction price of RMB 14.94 per share[25] - The company plans to transfer 3.20% equity in Hangzhou Taiyi Zhishang Technology Co., Ltd. for an estimated price of RMB 38,411,998.24, with part of the payment in cash and part in shares[25] - The company approved the transfer of 51% equity in Zhejiang Qianjiang Robot Co., Ltd. to Zhejiang Aishida Electric Co., Ltd. for RMB 58.65 million[27] Other Information - Prepaid accounts increased by 78.25% compared to the beginning of the period, mainly due to increased equipment prepayments for technical renovations by subsidiaries[16] - Other receivables increased by 132.54% compared to the beginning of the period, primarily due to increased export tax refunds and deposits with Ping An International Leasing Co., Ltd.[16] - Long-term equity investments increased by 36.20% compared to the beginning of the period, attributed to the revaluation of remaining equity after a transfer[16] - Construction in progress increased by 111.32% compared to the beginning of the period, mainly due to equipment updates and renovations by subsidiaries[16] - Short-term borrowings decreased by 99.28% compared to the beginning of the period, as part of the bank loans were repaid[16] - No violations of external guarantees were reported during the reporting period[34] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[35]