Financial Performance - The company's operating revenue for 2014 was CNY 259,903,576.98, representing a 14.93% increase compared to CNY 226,142,926.36 in 2013[24]. - The net profit attributable to shareholders for 2014 was CNY 4,873,532.94, a significant turnaround from a loss of CNY 53,448,212.87 in 2013, marking a 109.12% improvement[24]. - The net cash flow from operating activities reached CNY 1,103,317.52, a 103.11% increase from a negative cash flow of CNY 29,795,674.90 in the previous year[24]. - The basic earnings per share for 2014 was CNY 0.01, recovering from a loss of CNY 0.08 per share in 2013, reflecting a 108.07% increase[24]. - The company reported a significant reduction in non-recurring losses, with the net profit excluding non-recurring items improving by 26.64%[24]. - The weighted average return on net assets was 0.01%, recovering from -0.08% in the previous year[24]. - The company reported a net profit attributable to shareholders of 4,873,532.94 yuan for the year 2014, with no cash dividend distribution planned[85]. - The company reported a net profit of CNY -20.7468 million for the year 2014, with a cash net flow of CNY 2.776 million[130]. Revenue and Sales - In 2014, the company's operating revenue increased by 14.93% compared to the previous year, reaching CNY 259.90 million[31]. - The company's main products, water-jet products and their derivatives, accounted for 72.49% of total revenue[34]. - The sales revenue from the Hainan region and export business grew by CNY 17.56 million, with a growth rate of 10.8%[33]. - The total revenue from the non-woven industry reached ¥221,506,838.32, with a gross margin of 12.44%, reflecting a slight decrease of 0.78% compared to the previous year[49]. - The sales volume in the non-woven industry increased by 66.91% to 10,735.44 tons, while production volume rose by 62.71% to 10,860.13 tons[39]. - The market share in the non-woven industry improved to 5.20%, up from 3.50% in the previous year, an increase of 1.70%[39]. Assets and Liabilities - Total assets at the end of 2014 were CNY 1,000,610,795.37, a slight decrease of 0.67% from CNY 1,007,406,795.68 at the end of 2013[24]. - The net assets attributable to shareholders increased to CNY 677,527,630.14, a 0.72% rise from CNY 672,653,823.45 in 2013[24]. - The company's total liabilities were CNY 296,106,949.76, down from CNY 334,260,320.83 at the start of the year, indicating a reduction in financial obligations[190]. - The total equity attributable to shareholders of the parent company was CNY 677,527,630.14, showing an increase from CNY 672,653,823.45[190]. Investments and Projects - The project for producing 10,000 tons of water-jet non-woven materials was launched in January 2014, but did not generate expected returns due to market reasons[65]. - The project for producing 12,000 tons of high-end SXMMS medical protective materials was terminated due to significant changes in project feasibility and cost overruns[65]. - The company has invested significantly in the Yichang special fiber water jet project and the Hunan SMS production line project, with market research conducted to ensure demand for new capacity[79]. - The company has decided to stop investing in the high-end SXMMS medical protective material production line project due to significant increases in equipment costs, reallocating the remaining funds to supplement working capital[66]. Risk Management and Compliance - The company has outlined various risk factors and strategies for future development in its board report[14]. - The company faces macroeconomic risks that could impact performance, with strategies in place to adjust operational policies based on industry trends[76]. - The company has implemented measures to manage liquidity risk, ensuring sufficient cash reserves to meet business needs[77]. - The company faced administrative penalties from the China Securities Regulatory Commission for information disclosure violations[88]. - The company’s board and senior management are committed to complying with regulatory requirements following the penalties imposed[118]. Corporate Governance and Management - The company has established a strong talent structure to support ongoing innovation and technology development, while also addressing risks of talent loss[80]. - The company has a diverse management team with backgrounds in finance, production, and technology, including roles in various industries such as pharmaceuticals and textiles[139][140]. - The independent directors attended 9 board meetings, with 8 in-person attendances and 1 via communication, showing full participation[160]. - The audit committee closely monitored the 2014 annual audit plan and confirmed the timely completion of the audit work, ensuring the financial statements accurately reflect the company's overall situation[162]. - The company maintains a fully independent operational structure, with no overlap in personnel or financial management with the controlling shareholder[165]. Future Outlook - The company aims for a 50% increase in main business revenue for 2015 compared to 2014[74]. - The company plans to enhance its marketing efforts for water-jet products and their deep-processing products to increase overall market share[74]. - The company is focusing on expanding its non-woven product market share and enhancing its product profitability through downstream integration[73]. - The company plans to accelerate the construction of the Yichang melt-blown special fiber non-woven fabric production project, targeting trial production by July 2015[74].

Financial Performance - The company's operating revenue for Q1 2015 was ¥52,550,759.06, a decrease of 7.45% compared to ¥56,781,085.05 in the same period last year[6] - The net profit attributable to shareholders was -¥10,005,863.19, representing an 86.69% decline from -¥5,359,638.21 year-on-year[6] - The net cash flow from operating activities improved by 38.80%, reaching -¥1,850,690.02 compared to -¥3,023,957.08 in the previous year[6] - The company's weighted average return on equity was -1.49%, a decrease of 0.69% from -0.80% in the previous year[6] - The estimated cumulative net profit for the first half of 2015 is projected to be a loss of between -20 million to -14 million RMB, representing a decline of 15.28% to 64.69% compared to the same period last year[17] - The basic earnings per share are expected to be between -0.037 to -0.026 RMB, a decrease of 13.04% to 60.87% year-on-year[17] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥983,437,495.90, down 1.72% from ¥1,000,610,795.37 at the end of the previous year[6] - The number of ordinary shareholders at the end of the reporting period was 28,833[10] - The largest shareholder, Hainan Zhuhua Science and Trade Co., Ltd., held 18.03% of the shares, amounting to 97,098,591 shares, with 39,000,000 shares frozen[10] Cash Flow and Expenses - The company's cash and cash equivalents decreased by 23.87%, totaling ¥159,823,412.81 compared to ¥209,945,197.43 at the beginning of the year[14] - The company's management expenses rose by 54.38%, totaling ¥13,099,039.67 due to increased personnel costs and new tax regulations[14] Construction and Investments - The construction in progress increased by 77.09%, amounting to ¥99,502,236.59, driven by investments in new projects[14] Market Challenges and Profitability - The decline in profit margins is attributed to significant price drops in products despite increased production capacity from a new water-jet production line[17] - Management and financial expenses have increased in the first half of the year, contributing to a larger expected operating loss compared to the previous year[17] - The company is currently facing challenges due to market factors affecting product pricing and profitability[17] Corporate Governance and Shareholder Engagement - The company has committed to not transferring shares acquired in a non-public offering for 36 months to avoid competition with its own business[16] - The company has implemented a stock incentive plan for key personnel, utilizing 7 million shares at a preferential price of 3.5 RMB per share[15] - The company has engaged in multiple communications with investors regarding various operational inquiries throughout the reporting period[21] Investment Activities - There were no securities or derivative investments reported during the period[18][20] - The company has not held shares in other listed companies during the reporting period[19]

欣龙控股（集团）股份有限公司 2014 年第三季度报告全文 欣龙控股（集团）股份有限公司 2014 年第三季度报告 2014 年 10 月 1 欣龙控股（集团）股份有限公司 2014 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。 公司负责人郭开铸、主管会计工作负责人徐继光及会计机构负责人(会计主管人员)潘英声明：保证季 度报告中财务报表的真实、准确、完整。 第二节 主要财务数据及股东变化 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 989,799,442.51 | 1,007,406,795.68 | | -1.75% | | 归属于上市公司股东的净资产（元） | 663,746,854.48 | ...

欣龙控股（集团）股份有限公司 2014 年第三季度报告正文 证券代码：000955 证券简称：欣龙控股 公告编号：2014-035 欣龙控股（集团）股份有限公司 2014 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郭开铸、主管会计工作负责人徐继光及会计机构负责人(会计主管人员)潘英声明：保证季 度报告中财务报表的真实、准确、完整。 第二节 主要财务数据及股东变化 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 989,799,442.51 | | 1,007,406,795.68 | -1.75% | | 归属于上市公司股东的净资产（元） | 663,746,854.48 | | 672, ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 131,915,224.86, representing a 33.63% increase compared to CNY 98,717,395.92 in the same period last year[19]. - The net profit attributable to shareholders was CNY -12,143,983.39, a decrease of 23.94% from CNY -9,798,216.03 year-on-year[19]. - The net cash flow from operating activities was CNY -329,452.94, a decline of 133.80% compared to CNY 974,645.68 in the previous year[19]. - The sales revenue of water-jet products increased by 35.25% due to the commissioning of a new water-jet production line[26]. - Chemical product sales from Yichang Xinlong Chemical New Materials Co., Ltd. grew by 109.22% year-on-year, while melt-blown product sales increased by 38.89%[26]. - The gross profit margin for potassium dihydrogen phosphate products improved by 36.4% following the launch of a 5,000-ton high-end phosphate platform project[26]. - The main business cost rose by 40.05% year-on-year, totaling approximately ¥117.39 million, primarily due to rising material procurement prices and increased sales volume[29]. - Sales expenses grew by 5.78% year-on-year, amounting to approximately ¥7.01 million, attributed to higher labor and travel costs[29]. - Management expenses decreased by 5.01% year-on-year, totaling approximately ¥18.65 million, due to reductions in depreciation, amortization, and audit fees[29]. - Financial expenses surged by 129.66% year-on-year, reaching approximately ¥3.68 million, mainly due to a significant decline in interest income[29]. - The company achieved a net increase in cash and cash equivalents of approximately ¥64.11 million, a 110.77% increase year-on-year, driven by the recovery of financial products[29]. - The company aims to increase its main business revenue by 50% for the year, but achieved only a 31.95% increase in the first half, falling short of its target[30]. - The company reported a cumulative net profit forecast of -6,000,000 yuan for the period, indicating a 68.27% improvement compared to the previous year's loss of -18,910,000 yuan[52]. - The basic earnings per share are expected to be -0.011 yuan, an increase of 68.27% from -0.035 yuan in the same period last year[52]. - The company reported a net loss of CNY 12,187,104.12, which includes a loss of CNY 12,143,983.39 from net profit and a loss of CNY 43,120.73 from other comprehensive income[118]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 980,639,850.64, a decrease of 2.66% from CNY 1,007,406,795.68 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 1.81%, from CNY 672,653,823.45 to CNY 660,509,840.06[19]. - The company's total assets decreased to CNY 1,195,566,003.68 from CNY 1,330,677,604.10 at the beginning of the period[109]. - Total liabilities decreased to CNY 226,688,343.73 from CNY 355,760,040.64 at the beginning of the period[109]. - The total equity attributable to the parent company at the end of the period was CNY 538,395,000, with a decrease of CNY 12,143,983.39 in net profit for the current period[117]. - The total owner's equity at the end of the current period was CNY 716,932,720, reflecting a decrease from the previous year's total[120]. Investments and Capital Structure - The total amount of raised funds is 520.15 million RMB, with 22.66 million RMB cumulatively invested and 29.36 million RMB of raised funds repurposed, accounting for 56.44% of the total[44]. - The company has terminated the investment in the 12,000-ton high-end SXMMS medical protective materials production line project, reallocating the remaining funds to supplement working capital[44]. - The company has cumulatively used 156,607,154 yuan of raised funds for the annual production of 10,000 tons of spunbond non-woven materials, exceeding the promised investment amount by 4,054,254 yuan[46]. - The company has a total of 23.3 million RMB in entrusted financial management, with an expected return of 92.25 million RMB from these investments[40]. - The company did not report any new capital contributions or capital reductions during the current period[119]. - The company’s registered capital increased to CNY 22,550,000 following a stock transfer and capital increase in previous years[126]. - The company reported a total capital reserve of CNY 702,134,310, which is a critical component of its financial structure[122]. Operational Developments - The company has completed preliminary work for the production of specialized wet wipes and is conducting market research for targeted product development[31]. - The company has established a strong brand recognition in the non-woven materials industry, both domestically and internationally, with a high reputation for the "Xinlong" brand[34]. - The company has completed the investment in a post-doctoral research workstation and a national engineering technology research center, enhancing its technological innovation capabilities[34]. - The company has implemented a standardization strategy and achieved national AAAA-level certification, enhancing its competitive edge in the market[35]. - The company has partnered with Shaoyang Second Textile Machinery to develop high-end SMS medical materials production technology, aiming to localize high-end SMS products[35]. - The company has a technical team that includes experts from various prestigious universities and associations, ensuring access to cutting-edge technology in the non-woven materials sector[35]. Compliance and Governance - The company faced administrative penalties totaling 450,000 yuan due to information disclosure violations[83]. - All commitments made by the company and its major shareholders have been fulfilled in a timely manner[82]. - The company has no reported risks of delisting due to legal violations during the reporting period[85]. - The company did not implement any equity incentive plans during the reporting period[66]. - The company has not encountered any major changes in the feasibility of the projects after the adjustments made to the raised funds[48]. - There were no significant contracts or transactions during the reporting period[80][81]. Accounting Policies - The financial statements prepared by the company comply with the enterprise accounting standards, ensuring transparency and accuracy[129]. - The company has maintained a continuous operation basis for its financial reporting, adhering to relevant accounting standards[128]. - The company prepares consolidated financial statements in accordance with the relevant accounting standards, including all subsidiaries and special purpose entities under its control[134]. - Cash equivalents are defined as investments that are short-term (maturing within three months), highly liquid, and subject to minimal risk of value changes[136]. - The company recognizes financial assets at fair value upon acquisition, with transaction costs included in the current period's profit or loss[140]. - The company recognizes losses on available-for-sale financial assets when there is a significant and non-temporary decline in fair value[148].

欣龙控股（集团）股份有限公司 2014 年第一季度报告正文 证券代码：000955 证券简称：欣龙控股 公告编号：2014-016 欣龙控股（集团）股份有限公司 2014 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。 1 欣龙控股（集团）股份有限公司 2014 年第一季度报告正文 非经常性损益项目和金额 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郭开铸、主管会计工作负责人徐继光及会计机构负责人(会计主管人员)潘英声明：保证季 度报告中财务报表的真实、准确、完整。 第二节 主要财务数据及股东变化 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） | 56,781,085.05 | 47,549,570.05 19.41% | | 归属于上市公司股东的净利润（元） | - ...

Financial Performance - The company's operating revenue for 2013 was ¥226,142,926.36, a decrease of 0.66% compared to ¥227,640,452.63 in 2012[24] - The net profit attributable to shareholders for 2013 was -¥53,448,212.87, representing a significant decline of 8,202.54% from ¥659,647.43 in 2012[24] - The net cash flow from operating activities was -¥29,795,674.90, a decrease of 570.93% compared to ¥6,326,993.46 in the previous year[24] - The total assets at the end of 2013 amounted to ¥1,007,406,795.68, down 4.93% from ¥1,059,679,799.60 at the end of 2012[24] - The net assets attributable to shareholders decreased by 7.37% to ¥672,653,823.45 from ¥726,168,166.25 in 2012[24] - The basic and diluted earnings per share for 2013 were both -¥0.1, a decline of 6,350% from ¥0.0016 in 2012[24] - The weighted average return on equity was -7.95% in 2013, down from 0.09% in 2012[24] Revenue and Cost Analysis - In 2013, the company's operating revenue decreased by 0.66% compared to the previous year, totaling approximately CNY 226.14 million[30] - The net profit attributable to shareholders was a loss of CNY 53.45 million, a significant decline of CNY 54.11 million year-on-year[30] - Government subsidies and debt forgiveness, which are non-recurring gains, decreased by CNY 19.26 million and CNY 7.99 million respectively compared to the previous year[31] - The gross profit margin for the main business declined by 5.63 percentage points, with a total gross profit decrease of CNY 12.12 million due to falling product prices[31] - Sales expenses increased by 52.95% to CNY 16.05 million, primarily due to rising logistics and travel costs[33] Product and Market Performance - The company achieved a 90.69% increase in revenue from meltblown products, while revenue from phosphate products grew by 44.83%[34] - The company's main products accounted for 68.43% of total revenue, with water jet products experiencing a 7.41% decline in revenue[34] - The chemical industry segment, specifically calcium hydrogen phosphate and potassium dihydrogen phosphate, saw a significant increase in revenue by 68.63%, rising from ¥11,566,315.59 in 2012 to ¥19,503,845.93 in 2013[37] Cash Flow and Investment - The company’s cash flow showed a negative change of 163.78%, with a cash outflow of CNY 166.55 million due to increased funding for water jet projects[33] - Operating cash inflow totaled ¥259,241,066.67, a 9.68% increase from ¥236,368,739.49 in 2012, while operating cash outflow increased by 25.65% to ¥289,036,741.57[44] - The investment cash inflow surged by 623.21% to ¥42,657,512.74, up from ¥5,898,318.00 in 2012, indicating increased recovery of loans and investments[44] Research and Development - The company's R&D expenditure for 2013 was ¥7,510,000, accounting for 1.11% of the latest audited net assets and 3.32% of the latest operating income, with a year-on-year increase of 2.18%[42] - The company is focusing on developing new non-woven materials and applications, with R&D progress meeting expected targets, although commercialization remains a challenge[43] Corporate Governance and Management - The company has established a safety production supervision mechanism and has passed ISO9001 quality system certification and ISO14001 environmental system certification, ensuring quality and environmental protection[85] - The governance structure of the company complies with the requirements of the Company Law and relevant regulations, ensuring effective internal control and risk management[151] - The company held its annual general meeting in May 2013, where all proposed resolutions were passed, including the 2012 financial report and profit distribution plan[153] Shareholder and Equity Information - The major shareholder, Hainan Zhuhua Science and Trade Co., Ltd., holds 16.21% of the shares, with 39 million shares under lock-up and 7 million shares frozen[127] - The company has not reported any changes in its actual controller during the reporting period[132] - The total number of shares held by the top ten unrestricted shareholders includes significant holdings from Hainan Zhuhua Science and Trade Co., Ltd. and other investment entities[128] Future Outlook and Strategy - The company aims for a 50% increase in main business revenue for 2014 compared to 2013[71] - The company plans to reduce management expenses by over 15% in 2014 compared to 2013[71] - The company is exploring e-commerce strategies to transition from roll products to non-woven end products[72] - The company is planning to focus on expanding its market presence and enhancing product offerings in the upcoming year[196]