Financial Performance - The company's operating revenue for the first half of 2019 was ¥1,890,586,802.23, a decrease of 1.05% compared to ¥1,910,554,919.06 in the same period last year[23]. - Net profit attributable to shareholders was ¥88,294,981.72, representing a 31.03% increase from ¥67,386,810.45 in the previous year[23]. - The net cash flow from operating activities increased by 141.97%, reaching ¥248,266,003.38 compared to ¥102,600,362.18 in the same period last year[23]. - Basic earnings per share rose to ¥0.19, up 26.67% from ¥0.15 in the previous year[23]. - The company achieved operating revenue of RMB 1.89 billion, a year-on-year decrease of 1.05%, with domestic sales revenue increasing by 10.01% to RMB 1.27 billion, while export revenue decreased by 17.77% to RMB 625 million[40]. - The net profit attributable to shareholders increased by 31.03% to RMB 88.30 million, and the net profit after deducting non-recurring gains and losses rose by 25.29% to RMB 73.54 million[40]. - The company reported a loss of ¥3,785,296.78 from fair value changes, a decrease of 3.23%, primarily due to changes in the fair value of financial trading assets[49]. - The company anticipates a significant decline in net profit for the year-to-date period compared to the same period last year due to multiple risks including weak demand and intensified competition in the motorcycle industry[76]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,376,874,351.18, a slight increase of 0.24% from ¥4,366,427,556.28 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 4.09%, amounting to ¥2,584,221,490.91 compared to ¥2,482,576,328.85 at the end of the previous year[23]. - Accounts receivable decreased to ¥555,194,749.01, accounting for 12.68% of total assets, down from 21.10% last year, mainly due to the collection of previous new energy vehicle payments[50]. - Total liabilities decreased to ¥1,780,295,528.72 from ¥1,850,170,430.07, showing a reduction of about 3.8%[156]. - The company's total equity increased to ¥2,596,578,822.46 from ¥2,516,257,126.21, marking an increase of approximately 3.2%[156]. Cash Flow - The net cash flow from operating activities was ¥81,387,854.05, a significant improvement from a net outflow of ¥81,430,247.33 in the same period last year[190]. - Total cash inflow from operating activities reached ¥1,783,147,264.76, compared to ¥1,285,006,676.50 in the previous year, indicating a year-over-year increase of approximately 39%[190]. - Cash outflow for operating activities totaled ¥1,701,759,410.71, up from ¥1,366,436,923.83, reflecting a 25% increase[190]. - The net cash flow from investing activities was ¥201,709,132.59, a turnaround from a negative cash flow of ¥197,823,729.46 in the previous year[189]. - The total cash and cash equivalents at the end of the period reached ¥718,019,477.94, up from ¥529,902,758.60, representing a 35% increase[189]. Investments and R&D - The company's R&D investment rose by 13.89% to RMB 61.65 million, driven by increased investment in new product molds and R&D personnel salaries[41]. - The total investment amount for the reporting period was ¥7,927,925.29, a decrease of 81.55% compared to ¥42,980,872.63 in the same period last year[61]. - The company has invested ¥7,927,925.29 in the self-built lithium-ion power and energy storage battery project, with a cumulative actual investment of ¥82,188,763.38[61]. - Research and development expenses for the first half of 2019 were CNY 61,653,396.77, an increase from CNY 54,134,067.71 in the same period last year[167]. Market and Competition - The company faces macroeconomic risks, including a slowdown in economic growth and potential impacts from industry policies, which may lead to increased competition and demand weakness[76]. - The company is exposed to exchange rate risks as its foreign sales market share increases, which could affect its financial performance[76]. - Fluctuations in raw material prices directly impact the company's operating costs, thereby affecting its overall performance[76]. - The company plans to enhance its focus on foreign exchange market trends to mitigate the impact of exchange rate fluctuations on its results[76]. - The company plans to launch electric bicycles and electric motorcycles in response to market demand[34]. Shareholder Information - The largest shareholder, Geely Technology Group Co., Ltd., holds 29.77% of the shares, amounting to 135,000,000 shares[126]. - The company underwent a change in its controlling shareholder to Geely Technology Group Co., Ltd. on June 27, 2019[130]. - As of June 30, 2019, the accounts receivable from Venezuela amounted to 33,352,508.72 USD (approximately 229,288,491.70 CNY), with a provision for bad debts of 33,185,720.72 USD (approximately 228,141,874.24 CNY)[112]. Compliance and Governance - The company has no significant litigation or arbitration matters reported during the period[86]. - The company did not engage in any major related party transactions during the reporting period[89]. - The company has established a wastewater treatment station with a processing capacity of 15 tons per hour, ensuring compliance with discharge standards[110]. - The company has no violations regarding external guarantees during the reporting period[104].

Financial Performance - The company's operating revenue for Q1 2019 was ¥894,626,500.96, representing a 15.25% increase compared to ¥776,236,174.92 in the same period last year[9] - Net profit attributable to shareholders decreased by 30.83% to ¥14,041,484.60 from ¥20,300,908.54 year-on-year[9] - The net profit after deducting non-recurring gains and losses dropped by 85.10% to ¥2,424,692.48 compared to ¥16,275,150.64 in the previous year[9] - Basic and diluted earnings per share both decreased by 25.00% to ¥0.03 from ¥0.04 year-on-year[9] - The weighted average return on equity was 0.56%, down from 0.82% in the previous year, a decrease of 0.26%[9] - Total operating revenue for Q1 2019 was CNY 894,626,500.96, an increase of 15.2% compared to CNY 776,236,174.92 in the same period last year[60] - Total operating costs for Q1 2019 were CNY 903,969,502.98, up 18.2% from CNY 764,969,104.42 in Q1 2018[60] - The company's operating revenue for the current period reached ¥568,895,893.83, a significant increase of 68.8% compared to ¥336,927,134.02 in the previous period[68] - The net profit for the current period was ¥12,606,082.51, recovering from a net loss of ¥5,772,471.31 in the previous period[71] - The company reported a total comprehensive income of ¥12,606,082.51, contrasting with a loss of ¥4,519,466.44 in the previous period[73] Cash Flow and Liquidity - The net cash flow from operating activities significantly improved to ¥265,656,907.94, a 1,277.50% increase from -¥22,561,149.36 in the same period last year[9] - Cash and cash equivalents increased by 403,427,470.23 RMB, representing a growth of 170.31% due to increased cash receipts from sales[22] - The company reported a net increase in cash and cash equivalents of 295,701,782.55 RMB, a growth of 248.18% resulting from the net effects of operating, investing, and financing activities[22] - Operating cash inflow for the current period reached ¥997,730,264.19, a significant increase from ¥686,742,421.72 in the previous period, reflecting a growth of approximately 45.2%[78] - The company reported a net increase in cash and cash equivalents of ¥414,847,743.62, compared to ¥119,145,961.07 in the previous period, marking a substantial improvement[81] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,321,285,170.81, a decrease of 1.03% from ¥4,366,427,556.28 at the end of the previous year[9] - The total current assets reached ¥2,666,821,108.56, compared to ¥2,613,425,688.25 in the previous year[43] - The total liabilities as of March 31, 2019, were ¥1,806,142,225.93, down from ¥1,850,170,430.07 at the end of 2018[46] - Total liabilities decreased to CNY 1,471,268,418.07 from CNY 1,484,223,454.35, a reduction of 0.9%[56] - The total equity attributable to shareholders increased to ¥2,499,350,209.68 from ¥2,482,576,328.85, showing a growth of approximately 0.7%[49] - The total equity attributable to shareholders was CNY 2,482,576,328.85, a decrease of CNY 2,730,714.10 compared to the previous year[94] Investments and Subsidies - The company received government subsidies amounting to ¥10,795,176.23 during the reporting period[9] - The company received a special subsidy of 60 million RMB for the lithium-ion battery project, which is currently underway[25] - Investment income rose to 6,396,268.92 RMB, an increase of 118.11% due to higher profits from long-term equity investments[22] - The company reported an investment income of CNY 11,811,825.64, up from CNY 5,415,556.72, marking a significant increase of 118.4%[60] - The company recorded an investment income of ¥3,149,422.78, up from ¥511,369.60 in the previous period, indicating successful investment strategies[68] Inventory and Receivables - Inventory decreased by 272,024,982.41 RMB, a reduction of 23.28% due to sales of inventory in new energy vehicles[22] - The company's inventory decreased to ¥896,401,458.64 from ¥1,168,426,441.05 year-over-year, indicating a reduction of approximately 23.2%[40] - Accounts receivable from Venezuela amounted to 33,802,124.72 USD (approximately 227,606,606.80 RMB), with a provision for bad debts of 33,635,336.72 USD (approximately 226,483,539.80 RMB)[25] - Accounts receivable decreased to ¥669,766,631.86 from ¥796,855,772.39, reflecting a decline of about 16%[40] - Accounts receivable decreased to CNY 301,129,173.11 from CNY 331,658,303.74, indicating a reduction of 9.2%[50] Financial Management - Financial expenses decreased by 7,535,411.28 RMB, a reduction of 20.82% due to decreased foreign exchange losses[22] - The financial expenses significantly decreased to ¥4,022,311.95 from ¥46,924.97, showcasing improved financial management[68] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, ensuring financial integrity[36] Research and Development - Research and development expenses increased to CNY 23,306,868.53, representing a rise of 16.4% from CNY 19,989,959.34 in the previous year[60] - Research and development expenses decreased to ¥2,758,537.17 from ¥4,179,165.01, reflecting a strategic focus on cost efficiency[68] Regulatory and Reporting Changes - The company implemented new financial instrument standards starting January 1, 2019, affecting the financial reporting[93] - The company has adopted new financial instrument standards effective January 1, 2019, impacting the reporting of financial data[99] - The first quarter report was not audited, which may affect the reliability of the financial data presented[102] - The company did not adjust prior period comparative data due to the new financial instrument standards[99]

Financial Performance - The company's operating revenue for 2018 was ¥3,088,519,362.52, representing a 13.72% increase compared to ¥2,715,806,355.59 in 2017[24] - The net profit attributable to shareholders for 2018 was ¥63,357,883.08, a decrease of 23.43% from ¥82,743,691.24 in 2017[24] - The net profit after deducting non-recurring gains and losses was ¥36,202,050.87, down 43.55% from ¥64,132,803.98 in 2017[24] - The basic earnings per share for 2018 was ¥0.14, a decline of 22.22% from ¥0.18 in 2017[27] - The total revenue for 2018 reached ¥3,088,519,362.52, representing a year-on-year increase of 13.72% compared to ¥2,715,806,355.59 in 2017[65] - The company reported a total revenue of 1,156,784,534.22 CNY, with a year-on-year increase of 5.92%[119] Assets and Liabilities - The total assets at the end of 2018 were ¥4,366,427,556.28, an increase of 11.44% from ¥3,918,361,023.17 at the end of 2017[27] - The net assets attributable to shareholders at the end of 2018 were ¥2,482,576,328.85, a slight increase of 0.75% from ¥2,464,004,220.00 at the end of 2017[27] - Total liabilities increased to ¥1,272,744,211.19, a 29.15% rise driven by increased inventory purchases in the new energy sector[97] - The company reported a significant increase in tax payable, reaching ¥106,740,740.01, up 2.44% due to higher sales volumes[97] Cash Flow - The net cash flow from operating activities for 2018 was negative at ¥54,467,390.56, a significant decrease of 142.99% compared to ¥126,688,699.28 in 2017[24] - The company’s cash flow from operating activities showed a significant negative value of -155.60 million yuan in Q4 2018, indicating cash flow challenges[30] - Operating cash inflow rose by 19.88% to ¥3,015,292,581.92, primarily due to increased cash receipts from sales and export tax refunds[87] - Operating cash outflow increased by 28.52% to ¥3,069,759,972.48, mainly due to higher cash payments for purchased goods driven by increased production[88] Sales and Market Performance - The company sold 415,300 motorcycles in 2018, a growth of 3.74% year-on-year, with domestic sales of 213,900 units and international sales of 201,400 units, which increased by 13.37%[46] - The company’s international sales in the European market grew by 25.51% in 2018, marking a successful start to its "return to Europe" strategy[47] - The sales of large-displacement motorcycles (250cc and above) increased by approximately 25% in 2018, with nearly 40,000 units exported[47] - Domestic sales of motorcycles remained stable at 213,900 units, with large displacement models (over 250CC) increasing by approximately 10.71% to 21,200 units, and government vehicle sales surged by 149% to over 5,000 units[49] Research and Development - The company established new R&D centers in Europe and Southeast Asia, enhancing its product development capabilities, and completed the qualification review for electric motorcycles[56] - Research and development expenses rose by 41.62% to approximately $11.96 million, driven by increased investment in new product development[81] - R&D investment increased by 36.28% to ¥119,555,274.77 in 2018, with R&D personnel rising by 13.39% to 254[83] Subsidiaries and Investments - The subsidiary Zhejiang Meikeda Motorcycle Co., Ltd. generated a net profit of 82,240,926.76 yuan, contributing significantly to the company's overall profitability[116] - The subsidiary Zhejiang Yipeng Engine Parts Co., Ltd. reported a net profit of 73,565,331.77 yuan, further enhancing the company's financial performance[116] - The total assets of Zhejiang Meikeda Motorcycle Co., Ltd. amounted to 1,375,963,725.64 yuan[116] - The total assets of Zhejiang Yipeng Engine Parts Co., Ltd. were recorded at 1,083,667,662.28 yuan[116] Strategic Plans and Future Outlook - The company aims to achieve a sales target of 1 million units and 10 billion CNY in revenue over the next five years under the "Qianjiang 511 Strategy"[127] - The company plans to enhance its product structure by increasing the proportion of large-displacement models and developing electric vehicle categories[127] - The company is focusing on expanding its market presence in Southeast Asia and Africa while stabilizing its position in Europe[126] - The company is investing in advanced automated production lines to improve production capacity and quality control for large-displacement engines[127] Risks and Challenges - The company faces macroeconomic risks due to global economic slowdown and declining consumer spending, which may pressure market expansion and product sales[129] - Approximately half of the company's business relies on exports, making it vulnerable to changes in trade policies and geopolitical risks[129] - Rising raw material and labor costs significantly impact the company's operating performance, prompting a focus on lean production and automation to mitigate cost risks[129] Corporate Governance and Compliance - The company has not engaged in any major asset or equity sales during the reporting period[115] - The company did not utilize any raised funds during the reporting period[114] - The company has no penalties or rectifications during the reporting period[159] - The company has not implemented any employee incentive plans during the reporting period[161]

关于举行投资者接待日活动的公告 证券代码：000913 证券简称：钱江摩托 公告编号：2019 临-018 浙江钱江摩托股份有限公司 关于举行投资者接待日活动的公告 本公司及董事会全体成员保证信息披露内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 为进一步提高公司治理水平，加强投资者关系管理，增进公司与 广大投资者的沟通与交流，体现公司进一步服务投资者、回报投资者 的责任心，公司定于 2019 年 5 月 17 日下午举行投资者接待日活动。 现将有关事项公告如下： 1、活动时间：2019 年 5 月 17 日下午 15:00—16:00 2、活动地点：公司会议室 3、召开方式：现场召开 4、参加人员：公司董事长、总经理、董事会秘书、财务总监。 届时将针对经营情况、公司治理、下一步可持续发展等投资者关 心的问题与广大投资者进行现场交流和沟通，同时广泛听取投资者的 意见和建议。 为了更好的安排本次活动，请有意参与本次活动的投资者提前与 公司证券部工作人员预约，预约时间：2019 年 5 月 14 日上午 9 时至 11 时，下午 14 时至 17 时，预约电话：0576-86192111。 为了提高 ...

Financial Performance - Operating revenue for the period reached CNY 709,676,580.84, representing a year-on-year growth of 15.84%[7] - Net profit attributable to shareholders surged by 1,346.53% to CNY 6,143,139.17 for the quarter[7] - Basic earnings per share for the quarter was CNY 0.01, a 900.00% increase compared to the same period last year[7] - Net profit for the period was CNY 67,790,433.91, up 32.8% from CNY 51,057,462.88 in the same period last year[53] - Total profit amounted to CNY 91,763,331.72, a rise of 42.0% compared to CNY 64,632,607.18 in the previous year[53] - The total comprehensive income for the period was CNY 6,869,327.70, down from CNY 133,757,498.09 in the same period last year[54] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 101,128,500.01, up 208.25%[7] - Cash flow from operating activities generated a net amount of CNY 101,128,500.01, significantly higher than CNY 32,807,446.71 in the previous period[58] - The net cash flow from operating activities was -726,493.14, a significant decrease compared to 180,240,715.85 in the previous period[63] - Total cash inflow from investment activities was 182,060,907.76, compared to 71,432,787.83 in the previous period, indicating a substantial increase[60] - The net cash flow from investment activities was -382,340,829.61, worsening from -81,379,272.56 in the previous period[60] - Cash inflow from financing activities totaled 440,500,000.00, up from 188,179,175.11 in the previous period[64] Assets and Liabilities - Total assets increased by 15.94% to CNY 4,543,050,995.92 compared to the end of the previous year[7] - Total current assets increased to ¥2,539,960,601.66 from ¥2,141,855,636.43, representing a growth of approximately 18.6%[36] - Total liabilities increased to ¥2,011,642,753.54 from ¥1,394,322,108.49, representing a rise of about 43.9%[38] - The company's equity attributable to shareholders rose to ¥2,476,596,482.75 from ¥2,464,004,220.00, a slight increase of approximately 0.5%[38] Research and Development - Research and development expenses rose by 65.26% to ¥96.32 million, reflecting increased investment in new product molds[16] - Research and development expenses increased significantly to ¥42,016,379.21, compared to ¥24,542,462.94, marking a growth of 71.00%[44] - The company experienced an increase in R&D expenses for the year-to-date period to ¥96,323,271.87, up from ¥58,286,462.39, a rise of 65.25%[51] Shareholder Information - The company reported a total of 15,989 common shareholders at the end of the reporting period[11] - Zhejiang Geely Holding Group Co., Ltd. held the largest share with 29.77%, amounting to 135,000,000 shares[11] Financial Management - The company has not reported any overdue or unrecoverable principal in entrusted financial management, indicating a stable financial position[25] - The company has not disclosed any significant or high-risk entrusted financial management situations during the reporting period[25] - The company has not experienced any significant impairment situations in entrusted financial management[25] Market and Operational Strategy - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[39] - The company has not indicated any major changes in its operational strategies or market expansion plans during the reporting period[20] Investment Activities - The company has engaged in derivative investments, with a total initial investment of 39.78 million yuan and a net investment of 9.945 million yuan at the end of the reporting period[26] - The company reported an investment loss of CNY 13,775,229.16, contrasting with a profit of CNY 9,369,247.07 in the previous year[56] Other Financial Metrics - The company's gross profit margin was impacted by a 44.94% increase in operating costs, totaling ¥2.11 billion, due to the rise in revenue[16] - The company reported a significant asset impairment loss of ¥34,279,466.84, compared to a gain of -¥17,725,736.97 in the previous period[51]

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].