[Important Notice](index=2&type=section&id=第一节%20重要提示) [Board of Directors' Statement](index=2&type=section&id=第一节%20重要提示) The Board of Directors, Supervisory Committee, and senior management confirm the authenticity, accuracy, and completeness of this quarterly report - The company's management guarantees the report's content is true, accurate, and complete, with no false records, misleading statements, or major omissions[4](index=4&type=chunk) - The company's legal representative, chief accountant, and head of the accounting department have all declared the financial statements to be true, accurate, and complete[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=第二节%20公司基本情况) [Key Accounting Data and Financial Indicators](index=3&type=section&id=一、主要会计数据和财务指标) The company's net profit attributable to shareholders plummeted in Q1 2018, alongside a significant deterioration in operating cash flow Key Financial Indicators for Q1 2018 | Indicator | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 863,847,190.55 | 875,885,692.06 | -1.37% | | Net Profit Attributable to Shareholders (Yuan) | 1,199,527.75 | 45,163,776.89 | -97.34% | | Net Profit after Non-recurring Items (Yuan) | -20,294,297.34 | 8,458,169.88 | -339.94% | | Net Cash Flow from Operating Activities (Yuan) | -635,731,845.11 | 146,897,199.96 | -532.77% | | Basic Earnings Per Share (Yuan/Share) | 0.00 | 0.08 | -100.00% | | Weighted Average Return on Equity | 0.04% | 1.73% | -1.69% | Non-recurring Profit and Loss Items for Q1 2018 | Item | Amount (Yuan) | | :--- | :--- | | Government grants included in current profit or loss | 23,743,055.97 | | Profit or loss from entrusting others with investments or asset management | 1,531,255.31 | | Other non-operating income and expenses | 38,447.34 | | Less: Income tax impact | 3,818,933.53 | | **Total** | **21,493,825.09** | [Shareholder Information](index=4&type=section&id=二、报告期末股东总数及前十名股东持股情况表) The company had 62,396 common shareholders at the end of the period, with two state-owned entities holding a combined 40.03% stake - At the end of the reporting period, the total number of common shareholders was **62,396**[11](index=11&type=chunk) Top Two Shareholders | Shareholder Name | Shareholder Type | Shareholding Ratio | Number of Shares | | :--- | :--- | :--- | :--- | | Zhongtong Automobile Industry Group Co., Ltd. | State-owned legal entity | 21.07% | 124,941,288 | | Shandong State-owned Assets Investment Holdings Co., Ltd. | State-owned legal entity | 18.96% | 112,386,492 | [Significant Matters](index=6&type=section&id=第三节%20重要事项) [Analysis of Major Financial Data Changes](index=6&type=section&id=一、报告期主要财务数据、财务指标发生变动的情况及原因) Significant fluctuations occurred in financial data, driven by increased borrowings, higher financial expenses, and a sharp decline in operating cash flow [Balance Sheet Item Fluctuation Analysis](index=6&type=section&id=（一）资产负债表项目变动说明) Key balance sheet changes include substantial increases in prepayments, long-term equity investments, and short-term borrowings Major Changes in Balance Sheet Items | Item | Closing Balance | Opening Balance | Pct. Change | | :--- | :--- | :--- | :--- | | Prepayments | 145,725,264.57 | 53,119,411.27 | 174.34% | | Long-term Equity Investment | 11,930,759.72 | 2,016,207.04 | 491.74% | | Short-term Borrowings | 1,593,782,170.79 | 1,070,970,890.18 | 48.82% | [Income Statement Item Fluctuation Analysis](index=6&type=section&id=（二）利润表项目变动说明) The income statement was impacted by a surge in financial expenses and a significant decrease in other income from government grants Major Changes in Income Statement Items | Item | Current Period Amount | Prior Period Amount | Pct. Change | | :--- | :--- | :--- | :--- | | Financial Expenses | 40,936,467.00 | 4,716,205.60 | 768.00% | | Other Income | 23,725,055.97 | 42,458,790.06 | -44.12% | [Cash Flow Statement Item Fluctuation Analysis](index=6&type=section&id=（三）现金流量表项目变动说明) Operating cash flow turned negative due to reduced cash receipts and increased payments, while financing cash flow grew from new borrowings Major Changes in Cash Flow Statement Items | Item | Current Period Amount | Prior Period Amount | Pct. Change | | :--- | :--- | :--- | :--- | | Cash received from other operating activities | 8,432,173.69 | 360,642,093.39 | -97.66% | | Cash paid for goods and services | 926,898,655.19 | 571,804,814.87 | 62.10% | | Cash received from borrowings | 582,518,379.20 | 50,000,000.00 | 1065.04% | [Disclosure of Other Significant Matters](index=7&type=section&id=二、重要事项进展情况及其影响和解决方案的分析说明) The company reports no significant developments, unfulfilled commitments, performance warnings, or irregular activities during the period - The company did not issue a profit warning for the cumulative net profit of January-June 2018[22](index=22&type=chunk) - During the reporting period, the company had no securities investments, derivatives investments, or irregular external guarantees[22](index=22&type=chunk)[24](index=24&type=chunk)[26](index=26&type=chunk) - No investor relations activities such as research visits, communications, or interviews occurred during the reporting period[25](index=25&type=chunk)

中通客车控股股份有限公司 2017 年年度报告全文 中通客车控股股份有限公司 2017 年年度报告 2018 年 04 月 1 / 162 中通客车控股股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人李树朋、主管会计工作负责人侯晶及会计机构负责人(会计主管 人员)侯晶声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者 的实质承诺，敬请投资者注意投资风险。 报告期内，不存在对公司生产经营产生实质性影响的特别重大风险。公司 已在本报告中描述了在生产经营过程中可能面临的风险，敬请查阅第四节经营 情况讨论与分析中"可能面对的风险"部分。 公司经本次董事会审议通过的利润分配预案为：以 592,903,936 股为基数， 向全体股东每 10 股派发现金红利 2.00 元（含税），送红股 0 股（含税），不以公 积金转增股本。 2 / ...

中通客车控股股份有限公司 2017 年第三季度报告正文 证券代码：000957 证券简称：中通客车 公告编号：2017-043 中通客车控股股份有限公司 2017 年第三季度报告正文 1 中通客车控股股份有限公司 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。 公司负责人李树朋、主管会计工作负责人侯晶及会计机构负责人(会计主管 人员)侯晶声明：保证季度报告中财务报表的真实、准确、完整。 2 中通客车控股股份有限公司 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） | 10,804,511,304.44 | | 8,082,025,951.94 | 33.69% | | 归属 ...

中通客车控股股份有限公司 2017 年半年度报告全文 中通客车控股股份有限公司 2017 年半年度报告 2017 年 08 月 1 中通客车控股股份有限公司 2017 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人李树朋、主管会计工作负责人侯晶及会计机构负责人(会计主管 人员)侯晶声明：保证本半年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 刘峰 | 董事 | 因公未能参加会议 | 李树朋 | 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者 的实质承诺，敬请投资者注意投资风险。 报告期内，不存在对公司生产经营产生实质性影响的特别重大风险。公司 已在本报告中描述了在生产经营过程中可能面临的风险，敬请查阅第四节经营 情况讨论与分析中" ...

中通客车控股股份有限公司 2016 2016 年年度报告全文 中通客车控股股份有限公司 中通客车控股股份有限公司 2016 2016 年年度报告 2017 年 04 月 1 中通客车控股股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人李树朋、主管会计工作负责人侯晶及会计机构负责人(会计主管 人员)侯晶声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者 的实质承诺，敬请投资者注意投资风险。 报告期内，不存在对公司生产经营产生实质性影响的特别重大风险。公司 已在本报告中描述了在生产经营过程中可能面临的风险，敬请查阅第四节经营 情况讨论与分析中"可能面对的风险"部分。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 第一节 | 重要提示、目录和释义 5 | | --- | --- ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) This section provides essential preliminary information, the report's table of contents, and key definitions [Company Overview and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section presents the company's fundamental information and a summary of its key financial performance metrics [Company Basic Information](index=5&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) Zhongtong Bus Holding Co Ltd is a company listed on the Shenzhen Stock Exchange with stock code 000957, primarily located in Liaocheng, Shandong Province - The company's basic information includes its stock abbreviation "Zhongtong Bus", stock code **000957**, and listing exchange, the Shenzhen Stock Exchange[13](index=13&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E5%85%AD%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In 2016, the company achieved strong performance growth with operating revenue reaching 9.26 billion yuan, a 30.13% increase, and net profit attributable to shareholders of 585.81 million yuan, up 46.72%, while total assets and net assets also grew steadily, though net cash flow from operating activities remained negative 2016 Annual Key Financial Indicators | Indicator | 2016 | 2015 | Year-on-year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (yuan) | 9,257,190,233.07 | 7,113,975,873.04 | 30.13% | | Net Profit Attributable to Shareholders of Listed Company (yuan) | 585,811,826.61 | 399,269,973.37 | 46.72% | | Net Profit Attributable to Shareholders of Listed Company After Non-Recurring Gains and Losses (yuan) | 720,473,761.56 | 394,394,379.38 | 82.68% | | Net Cash Flow from Operating Activities (yuan) | -16,540,456.43 | -605,013,752.17 | N/A | | Basic Earnings Per Share (yuan/share) | 0.99 | 0.79 | 25.32% | | Weighted Average Return on Net Assets | 24.74% | 28.05% | -3.31% | | Total Assets (yuan) | 8,082,025,951.94 | 7,058,869,153.55 | 14.49% | | Net Assets Attributable to Shareholders of Listed Company (yuan) | 2,585,111,920.27 | 2,136,776,389.05 | 20.98% | 2016 Quarterly Key Financial Indicators (Unit: yuan) | | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,722,618,760.32 | 2,235,179,878.06 | 1,868,204,846.02 | 3,431,186,748.67 | | Net Profit Attributable to Shareholders of Listed Company | 135,492,679.46 | 156,338,436.36 | 163,409,077.46 | 129,922,008.33 | | Net Cash Flow from Operating Activities | 76,270,844.92 | -1,087,055,526.86 | -422,953,014.16 | 1,417,197,239.67 | - In 2016, total non-recurring gains and losses amounted to **-135 million yuan**, primarily due to a **176 million yuan loss** from the transfer of accounts receivable[24](index=24&type=chunk) [Business Overview and Core Competencies](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E5%85%AC%E5%8F%B8%E4%B8%9A%E5%8A%A1%E6%A6%82%E8%A6%81) This section outlines the company's primary business activities and its key competitive advantages in the market [Main Business](index=9&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company's main business involves the development, manufacturing, and sales of buses and components, with products ranging from 5 to 18 meters covering various market segments such as highway, public transport, tourism, and school buses, achieving the second-highest sales volume for buses over 6 meters in 2016 - The company primarily engages in the development, manufacturing, and sales of **buses and components**, with a product line covering **5-18 meters** and targeting markets such as highway, public transport, tourism, group, and school buses[27](index=27&type=chunk) - According to China Bus Statistics Network data, the company's production and sales volume of **buses over 6 meters ranked second** in the industry in 2016[27](index=27&type=chunk) [Core Competencies](index=9&type=section&id=%E4%B8%89%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies are primarily in technological innovation, brand distinctiveness, and corporate culture, driven by significant achievements in energy-saving and new energy buses, and fostering an employee-centric culture - **Technological Innovation**: The company drives development through technological innovation, strengthening the development and industrialization of **energy-saving and new energy buses**, and vigorously promoting management innovation[29](index=29&type=chunk) - **Brand Distinctiveness**: The company emphasizes both new energy and traditional bus fuel-saving technology innovation, adhering to the philosophy of "energy efficiency, green development," establishing core competitiveness in the **energy-saving and new energy bus** sector[30](index=30&type=chunk) - **Corporate Culture**: The company's mission is "enriching employees, strengthening the enterprise, and giving back to society," with a core focus on "people-oriented" principles, fostering an environment that respects, cares for, and develops employees[31](index=31&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides an in-depth discussion and analysis of the company's operational performance and financial condition [Operating Overview](index=11&type=section&id=%E4%B8%80%E3%80%81%E6%A6%82%E8%BF%B0) In 2016, driven by strong demand in the new energy public transport bus market, the company overcame the adverse effects of new energy subsidy policy adjustments, achieving sustained performance growth with 18,208 buses sold (up 7.12%), revenue of 9.26 billion yuan (up 30.13%), and net profit of 585 million yuan (up 46.56%), maintaining its second-place market share for buses over 6 meters 2016 Operating Performance Key Data | Indicator | 2016 | Year-on-year Growth | | :--- | :--- | :--- | | Sales Volume (vehicles) | 18,208 | 7.12% | | Revenue (billion yuan) | 9.26 | 30.13% | | Net Profit (billion yuan) | 0.585 | 46.56% | - The company's performance growth primarily benefited from the national "public transport priority" strategy and new energy vehicle promotion policies, with **new energy public transport buses** becoming the dominant market product[34](index=34&type=chunk) - The company made progress in product R&D, with its developed **8-meter pure electric public transport bus** becoming the champion model in its segment, and new business products like RVs and pure electric logistics vehicles in reserve[36](index=36&type=chunk) [Main Business Analysis](index=11&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) The company's main business revenue and costs grew in tandem, with a stable and rising gross profit margin, while selling and financial expenses significantly increased due to business expansion and higher interest expenses, R&D investment continued to grow, maintaining a stable proportion of revenue, and operating cash flow, though still negative, significantly improved from the previous year [Revenue and Cost](index=11&type=section&id=2%E3%80%81%E6%94%B6%E5%85%A5%E4%B8%8E%E6%88%90%E6%9C%AC) In 2016, operating revenue reached 9.26 billion yuan, a 30.13% year-on-year increase, with the domestic market contributing 94.31% of revenue, up 31.86%, while bus products, as the core, accounted for 98.34% of revenue with a gross profit margin of 21.12%, an increase of 1.33 percentage points year-on-year, and operating costs increased by 28.16%, with raw materials accounting for 94.47% 2016 Operating Revenue Composition (Unit: yuan) | Category | 2016 Amount | % of Operating Revenue | Year-on-year Change | | :--- | :--- | :--- | :--- | | **By Product** | | | | | Buses | 9,103,130,210.96 | 98.34% | 30.40% | | **By Region** | | | | | Domestic | 8,730,472,530.67 | 94.31% | 31.86% | | International | 526,717,702.40 | 5.69% | 6.81% | 2016 Main Business Gross Profit Margin | Category | Operating Revenue (yuan) | Operating Cost (yuan) | Gross Profit Margin | Gross Profit Margin Change from Prior Year | | :--- | :--- | :--- | :--- | :--- | | **By Industry** | | | | | | Bus Manufacturing Industry | 9,257,190,233.07 | 7,312,462,682.60 | 21.01% | 1.21% | | **By Product** | | | | | | Buses | 9,103,130,210.96 | 7,180,584,637.23 | 21.12% | 1.33% | 2016 Production and Sales Data | Item | Unit | 2016 | 2015 | Year-on-year Change | | :--- | :--- | :--- | :--- | :--- | | Sales Volume | vehicles | 18,208 | 16,998 | 7.12% | | Production Volume | vehicles | 18,097 | 17,039 | 6.22% | | Inventory Volume | vehicles | 258 | 369 | -30.08% | [Expense Analysis](index=15&type=section&id=3%E3%80%81%E8%B4%B9%E7%94%A8) During the reporting period, the company's three major expenses all increased to varying degrees, with selling expenses up 40.80% due to increased sales revenue, financial expenses significantly up 99.29% due to higher interest expenses, and administrative expenses remaining relatively stable with a slight increase of 3.48% 2016 Period Expenses (Unit: yuan) | Expense Item | 2016 | 2015 | Year-on-year Change | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | 621,123,401.57 | 441,149,097.19 | 40.80% | Increase in sales revenue led to corresponding expense increase | | Administrative Expenses | 299,469,911.00 | 289,388,562.13 | 3.48% | - | | Financial Expenses | 64,898,094.22 | 32,564,977.52 | 99.29% | Due to increased interest expenses | [R&D Investment](index=15&type=section&id=4%E3%80%81%E7%A0%94%E5%8F%91%E6%8A%95%E5%85%A5) The company continued to increase R&D investment, with 322.57 million yuan invested in 2016, a 33.13% year-on-year increase, representing 3.48% of operating revenue, and R&D personnel also increased by 10.02%, primarily focusing on perfecting the new energy bus product chain and researching technologies in new energy, intelligence, and lightweighting 2016 R&D Investment | Indicator | 2016 | 2015 | Change Percentage | | :--- | :--- | :--- | :--- | | R&D Personnel (people) | 560 | 509 | 10.02% | | R&D Investment Amount (yuan) | 322,573,401.18 | 242,303,551.82 | 33.13% | | R&D Investment as % of Operating Revenue | 3.48% | 3.41% | 0.07% | [Cash Flow Analysis](index=15&type=section&id=5%E3%80%81%E7%8E%B0%E9%87%91%E6%B5%81) In 2016, the company's net cash flow from operating activities was -16.54 million yuan, a significant improvement from -605.01 million yuan in the previous year, mainly due to the sale of accounts receivable during the period, while net cash flow from investing activities decreased due to the purchase of wealth management products, and net cash flow from financing activities significantly decreased by 114.03% primarily due to a private placement of shares in the prior year 2016 Cash Flow Statement Key Items (Unit: yuan) | Item | 2016 | 2015 | Year-on-year Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -16,540,456.43 | -605,013,752.17 | N/A | | Net Cash Flow from Investing Activities | -143,595,960.72 | -37,729,825.89 | N/A | | Net Cash Flow from Financing Activities | -65,375,326.12 | 465,803,959.70 | -114.03% | | Net Increase in Cash and Cash Equivalents | -220,605,425.46 | -173,678,421.36 | N/A | - Net cash flow from operating activities was **601 million yuan lower than net profit**, primarily due to an increase in accounts receivable in the current year[54](index=54&type=chunk) [Assets and Liabilities](index=16&type=section&id=%E5%9B%9B%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5) As of the end of 2016, the company's total assets were 8.08 billion yuan, a 14.49% year-on-year increase, with accounts receivable being the largest component at 49.94% of assets, mainly due to outstanding new energy bus sales subsidies, while construction in progress significantly decreased as parts of the new base project were capitalized, and both short-term and long-term borrowings on the liability side saw substantial reductions Balance Sheet Key Item Changes (Unit: yuan) | Item | 2016 Year-end Amount | % of Total Assets | 2015 Year-end Amount | % of Total Assets | Explanation of Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Accounts Receivable | 4,036,181,104.04 | 49.94% | 3,549,997,104.31 | 50.29% | Special subsidies for new energy bus sales not yet received | | Construction in Progress | 15,444,697.73 | 0.19% | 145,265,916.99 | 2.06% | Partial new base projects transferred to fixed assets | | Short-term Borrowings | 3,500,000.00 | 0.04% | 62,000,000.00 | 0.88% | Repayment of short-term bank loans | | Long-term Borrowings | 0.00 | 0.00% | 220,062,500.00 | 3.12% | Reclassified to non-current liabilities due within one year | - As of the end of 2016, the company had certain restricted assets, including **1.113 billion yuan in monetary funds**, **376 million yuan in accounts receivable**, **44 million yuan in fixed assets**, and **231 million yuan in intangible assets**, primarily used for bank credit, loan collateral, and deposits[61](index=61&type=chunk)[62](index=62&type=chunk) [Investment Status](index=17&type=section&id=%E4%BA%94%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5) During the reporting period, the company engaged in forward foreign exchange derivative investments to hedge export business exchange rate risks, operating on a risk-locking principle rather than speculation, but incurred an actual loss of 8.4125 million yuan - The company engaged in forward foreign exchange settlement and sales to hedge exchange rate risks from export receipts, with a total transaction amount of approximately **309 million yuan** during the reporting period, and an investment amount of **11.7929 million yuan** at period-end, representing **0.46% of net assets**[67](index=67&type=chunk) - During the reporting period, the actual gain/loss from derivative investments was **-8.4125 million yuan**[67](index=67&type=chunk) - The company has established the "Management System for Forward Foreign Exchange Hedging Business" to control related risks, including exchange rate fluctuation risk, internal control risk, and customer default risk[67](index=67&type=chunk)[68](index=68&type=chunk) [Significant Asset Disposal](index=21&type=section&id=%E5%85%AD%E3%80%81%E9%87%8D%E5%A4%A7%E8%B5%84%E4%BA%A7%E5%92%8C%E8%82%A1%E6%9D%83%E5%87%BA%E5%94%AE) To reduce accounts receivable and improve its asset-liability structure, the company sold a total of 2.2 billion yuan in national fiscal subsidies receivable to Xinjiang Zhaoyin Xintou Tianshan Fund and Industrial International Trust Co Ltd in December 2016 Significant Asset Disposal | Counterparty | Asset Sold | Transaction Price (million yuan) | Purpose of Sale | | :--- | :--- | :--- | :--- | | Xinjiang Zhaoyin Xintou Tianshan Fund Co Ltd | National Fiscal Subsidies Receivable | 1,500 | Reduce accounts receivable, improve asset and liability structure | | Industrial International Trust Co Ltd | National Fiscal Subsidies Receivable | 700 | Reduce accounts receivable, improve asset and liability structure | [Analysis of Major Holding and Participating Companies](index=22&type=section&id=%E4%B8%83%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) The company's main subsidiaries include Liaocheng Zhongtong Light Bus, Xinjiang Zhongtong Bus, and Shandong Tongsheng Refrigeration Equipment, with Liaocheng Zhongtong Light Bus contributing 1.60 billion yuan in operating revenue, Shandong Tongsheng Refrigeration Equipment Co Ltd contributing 26.42 million yuan in net profit, while Xinjiang Zhongtong Bus Co Ltd was in a loss-making state Major Subsidiaries' 2016 Operating Performance (Unit: yuan) | Company Name | Main Business | Operating Revenue | Net Profit | | :--- | :--- | :--- | :--- | | Liaocheng Zhongtong Light Bus Co Ltd | Light Buses and Parts | 1,603,865,000.44 | 5,601,663.81 | | Xinjiang Zhongtong Bus Co Ltd | Bus Production, Sales | 47,645,870.18 | -29,478,806.79 | | Shandong Tongsheng Refrigeration Equipment Co Ltd | Automotive Air Conditioners and Parts | 290,556,828.46 | 26,420,125.84 | [Future Development Outlook and Risks](index=23&type=section&id=%E4%B9%9D%E3%80%81%E5%85%AC%E5%8F%B8%E6%9C%AA%E6%9D%A5%E5%8F%91%E5%B1%95%E7%9A%84%E5%B1%95%E6%9C%9B) The company anticipates a stable overall bus industry, with new energy buses remaining a future development direction but entering an adjustment period from high growth, and plans to focus on its core bus business, new energy, overseas markets, RVs, and high-end mid-buses, while acknowledging risks such as declining new energy subsidies, shrinking passenger transport markets, decreasing school bus demand, and uncertainties in export markets and foreign exchange fluctuations - **Future Strategy**: The company will accelerate structural transformation, secure its market position in new energy buses, and vigorously promote the development of overseas markets, logistics vehicles, tourism group vehicles, and other niche markets[77](index=77&type=chunk)[78](index=78&type=chunk) - **Innovation-Driven**: Focusing on energy saving and new energy, the company will accelerate the mastery of core technologies and increase research and application of cutting-edge technologies such as vehicle networking, Internet of Things, and intelligence[78](index=78&type=chunk) - **Key Risks Faced**: * Risk of declining demand for new energy buses due to reduced subsidies * Risk of continued shrinkage in the highway passenger transport market due to impacts from high-speed rail * Risk of declining school bus demand due to insufficient policy support * Risk of export markets being affected by global macroeconomic conditions and exchange rate fluctuations[78](index=78&type=chunk) [Significant Matters](index=25&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details important events and decisions impacting the company during the reporting period [Profit Distribution](index=25&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E6%99%AE%E9%80%9A%E8%82%A1%E5%88%A9%E6%B6%A6%E5%88%86%E9%85%8D%E5%8F%8A%E8%B5%84%E6%9C%AC%E5%85%AC%E7%A7%AF%E9%87%91%E8%BD%AC%E5%A2%9E%E8%82%A1%E6%9C%AC%E6%83%85%E5%86%B5) Considering the significant financial pressure from the 2017 adjustment to national new energy bus subsidy policies, the company plans no profit distribution or capital reserve capitalization for 2016, contrasting with previous years' distribution plans - The 2016 profit distribution plan is: **no cash dividends**, **no bonus shares**, and **no capitalization of capital reserves**[83](index=83&type=chunk)[85](index=85&type=chunk) - The main reason for not distributing cash dividends is the expectation of further delays in the receipt of national new energy bus subsidies in 2017, leading to significant financial pressure and the need to ensure healthy and sustainable development[84](index=84&type=chunk) Cash Dividends in the Last Three Years (Unit: yuan) | Dividend Year | Cash Dividend Amount (incl. tax) | % of Net Profit Attributable to Parent | | :--- | :--- | :--- | | 2016 | 0.00 | 0.00% | | 2015 | 148,225,984.00 | 37.12% | | 2014 | 26,235,544.50 | 9.38% | [Significant Related Party Transactions](index=30&type=section&id=%E5%8D%81%E5%85%AD%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company's related party transactions primarily include routine operating transactions and significant asset transfers, with routine purchases of chassis, parts, and services from controlling shareholder Zhongtong Automobile Industry Group and other related parties totaling approximately 208 million yuan in 2016, and two significant related party transactions involving the transfer of 2.2 billion yuan in accounts receivable to related party-backed funds and trust companies, guaranteed by the controlling shareholder - The total amount of routine operating related party purchases was **208 million yuan**, representing a low proportion of similar transactions and not exceeding the annual estimated amount[101](index=101&type=chunk)[103](index=103&type=chunk) - The company transferred **1.5 billion yuan** and **700 million yuan** of national new energy bus subsidies receivable to Xinjiang Zhaoyin Xintou Tianshan Fund and Industrial International Trust Co Ltd, respectively, at transfer prices of **1.406 billion yuan** and **660 million yuan**[108](index=108&type=chunk) - These two accounts receivable transfers were guaranteed by the company's controlling shareholder, who charged a guarantee fee of **42.3708 million yuan**, representing **2% of the guaranteed amount**[109](index=109&type=chunk) [Significant Contracts and Guarantees](index=33&type=section&id=%E5%8D%81%E4%B8%83%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) As of the end of the reporting period, the company's total actual balance of external guarantees and guarantees to subsidiaries was 160.2 million yuan, representing 6.20% of the company's net assets, and the company also provided repurchase guarantees for customer vehicle mortgage loans, with an outstanding liability of 1.002 billion yuan at period-end Significant Guarantees (Unit: million yuan) | Guarantee Type | Total Actual Guarantee Balance at Period End | | :--- | :--- | | External Guarantees | 86.20 | | Guarantees to Subsidiaries | 74.00 | | **Total** | **160.20** | - The total actual guarantee amount represents **6.20%** of the company's net assets[118](index=118&type=chunk) - The company provides repurchase guarantee liability for customer vehicle mortgage loans, with an outstanding balance of **1.001703 billion yuan** at period-end[126](index=126&type=chunk) [Share Changes and Shareholder Information](index=39&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital and information regarding its shareholders [Share Changes](index=39&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) In 2016, the company implemented a capital reserve capitalization plan of "10 shares for every 10 shares," increasing its total share capital from 296 million shares to 593 million shares - The company implemented a capital reserve capitalization plan of **10 shares for every 10 shares**, increasing its total share capital from **296,451,968 shares to 592,903,936 shares**[130](index=130&type=chunk) [Shareholders and Actual Controller Information](index=40&type=section&id=%E4%B8%89%E3%80%81%E8%82%A1%E4%B8%9C%E5%92%8C%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had 65,795 shareholders, with Zhongtong Automobile Industry Group Co Ltd as the controlling shareholder holding 21.07%, and Shandong Provincial State-owned Assets Investment Holdings Co Ltd as the second-largest shareholder with 18.96%, both being state-owned legal entities, and the company's actual controller being a local state-owned assets management institution Top Two Shareholders' Shareholding | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Zhongtong Automobile Industry Group Co Ltd | State-owned Legal Person | 21.07% | 124,941,288 | | Shandong Provincial State-owned Assets Investment Holdings Co Ltd | State-owned Legal Person | 18.96% | 112,386,492 | - The company's controlling shareholder is **Zhongtong Automobile Industry Group Co Ltd**, and its actual controller is a **local state-owned assets management institution**[138](index=138&type=chunk)[139](index=139&type=chunk)[141](index=141&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=46&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%92%8C%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) This section provides information on changes in the company's board of directors, supervisors, and senior management, as well as details about its employee structure [Changes in Directors, Supervisors, and Senior Management](index=47&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, several directors, supervisors, and senior management personnel left their positions due to the expiration of their terms, including multiple directors, the chairman of the board of supervisors, and deputy general managers - During the reporting period, several directors, supervisors, and senior management personnel experienced changes due to term expiration or work reassignments, including the departure of directors Li Haiping and Wang Qiying, Chairman of the Board of Supervisors Yin Fanchang and Zhang Hao, and deputy general managers Yu Chunyin, Jia Kaiqian, Tun Jinjun, and Wang Shutai, among others[149](index=149&type=chunk) [Employee Information](index=50&type=section&id=%E4%BA%94%E3%80%81%E5%85%AC%E5%8F%B8%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had a total of 4,950 employees, with production personnel accounting for the largest proportion at 2,891, and over 68% of employees holding a college degree or higher Employee Professional Composition | Professional Category | Number of People | | :--- | :--- | | Production Personnel | 2,891 | | Sales Personnel | 697 | | Technical Personnel | 560 | | Financial Personnel | 94 | | Administrative Personnel | 708 | | **Total** | **4,950** | [Corporate Governance](index=52&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86) This section details the company's corporate governance structure and practices [Company Independence](index=52&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E7%9B%B8%E5%AF%B9%E4%BA%8E%E6%8E%A7%E8%82%A1%E8%82%A1%E4%B8%9C%E5%9C%A8%E4%B8%9A%E5%8A%A1%E3%80%81%E4%BA%BA%E5%91%98%E3%80%81%E8%B5%84%E4%BA%A7%E3%80%81%E6%9C%BA%E6%9E%84%E3%80%81%E8%B4%A2%E5%8A%A1%E7%AD%89%E6%96%B9%E9%9D%A2%E7%9A%84%E7%8B%AC%E7%AB%8B%E6%83%85%E5%86%B5) The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, possessing a complete business system and autonomous operating capabilities in the market - The company is clearly separated from its controlling shareholder in terms of **personnel, assets, finance, organization, and business**, possessing an independent and complete business and autonomous operating capability[167](index=167&type=chunk) [Internal Control](index=55&type=section&id=%E4%B9%9D%E3%80%81%E5%86%85%E9%83%A8%E6%8E%A7%E5%88%B6%E6%83%85%E5%86%B5) The company conducted a self-assessment of its internal controls for 2016, concluding no significant deficiencies, and the accounting firm also issued a standard unqualified internal control audit report, affirming the company maintained effective internal controls over financial reporting as of December 31, 2016 - Both the company's board of directors' internal control self-assessment report and the accounting firm's internal control audit report found **no significant deficiencies** in financial or non-financial reporting[177](index=177&type=chunk)[179](index=179&type=chunk)[182](index=182&type=chunk) - The accounting firm issued a **standard unqualified audit opinion** on the effectiveness of the company's internal controls over financial reporting[181](index=181&type=chunk) [Corporate Bonds Information](index=57&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section provides details regarding the company's corporate bonds [Corporate Bonds](index=57&type=section&id=%E5%85%AC%E5%8F%B8%E6%98%AF%E5%90%A6%E5%AD%98%E5%9C%A8%E5%85%AC%E5%BC%80%E5%8F%91%E8%A1%8C%E5%B9%B6%E5%9C%A8%E8%AF%81%E5%88%B8%E4%BA%A4%E6%98%93%E6%89%80%E4%B8%8A%E5%B8%82%EF%BC%8C%E4%B8%94%E5%9C%A8%E5%B9%B4%E5%BA%A6%E6%8A%A5%E5%91%8A%E6%89%B9%E5%87%86%E6%8A%A5%E5%87%BA%E6%97%A5%E6%9C%AA%E5%88%B0%E6%9C%9F%E6%88%96%E5%88%B0%E6%9C%9F%E6%9C%AA%E8%83%BD%E5%85%A8%E9%A2%9D%E5%85%91%E4%BB%98%E7%9A%84%E5%85%AC%E5%8F%B8%E5%80%BA%E5%88%B8) During the reporting period, the company had no publicly issued and listed corporate bonds on a stock exchange that were either unexpired or not fully redeemed as of the approval date of the annual report - The company has **no publicly issued corporate bonds** that are unexpired or not fully redeemed upon the approval date of the annual report[184](index=184&type=chunk) [Financial Report](index=58&type=section&id=%E7%AC%AC%E5%8D%81%E4%B8%80%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section contains the company's audited financial statements and related disclosures [Audit Report](index=58&type=section&id=%E4%B8%80%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) Shinewing Certified Public Accountants (Special General Partnership) audited the company's 2016 financial statements and issued a standard unqualified audit opinion, concluding that the financial statements fairly present the company's financial position, operating results, and cash flows - Shinewing Certified Public Accountants issued a **standard unqualified opinion** on the company's 2016 financial report[186](index=186&type=chunk)[191](index=191&type=chunk) [Summary of Key Financial Statements](index=59&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) As of the end of 2016, the company's total assets were 8.08 billion yuan, total liabilities were 5.50 billion yuan, and total equity attributable to the parent company owners was 2.59 billion yuan, with total operating revenue of 9.26 billion yuan, total profit of 696 million yuan, and net profit of 586 million yuan for 2016, and net cash flow from operating activities of -16.54 million yuan Consolidated Balance Sheet Summary (2016-12-31) | Item | Amount (yuan) | | :--- | :--- | | Total Assets | 8,082,025,951.94 | | Total Liabilities | 5,496,592,193.47 | | Total Equity Attributable to Parent Company Owners | 2,585,111,920.27 | Consolidated Income Statement Summary (2016) | Item | Amount (yuan) | | :--- | :--- | | Total Operating Revenue | 9,257,190,233.07 | | Total Operating Cost | 8,402,337,258.45 | | Total Profit | 695,960,468.22 | | Net Profit | 585,502,357.41 | | Net Profit Attributable to Parent Company Owners | 585,811,826.61 | Consolidated Cash Flow Statement Summary (2016) | Item | Amount (yuan) | | :--- | :--- | | Net Cash Flow from Operating Activities | -16,540,456.43 | | Net Cash Flow from Investing Activities | -143,595,960.72 | | Net Cash Flow from Financing Activities | -65,375,326.12 | | Net Increase in Cash and Cash Equivalents | -220,605,425.46 | [Reference Documents Catalog](index=161&type=section&id=%E7%AC%AC%E5%8D%81%E4%BA%8C%E8%8A%82%20%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section lists all supplementary documents available for reference

中通客车控股股份有限公司 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。 公司负责人李树朋、主管会计工作负责人侯晶及会计机构负责人(会计主管 人员)侯晶声明：保证季度报告中财务报表的真实、准确、完整。 2 中通客车控股股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 证券代码：000957 证券简称：中通客车 公告编号：2017-015 中通客车控股股份有限公司 2017 年第一季度报告正文 1 中通客车控股股份有限公司 2017 年第一季度报告正文 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） | 875,885,692.06 | 1,722,618,760.32 | -49.15% | | 归 ...

中通客车控股股份有限公司 2016 年第三季度报告正文 中通客车控股股份有限公司 2016 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。 公司负责人李树朋、主管会计工作负责人侯晶及会计机构负责人(会计主管 人员)侯晶声明：保证季度报告中财务报表的真实、准确、完整。 2 中通客车控股股份有限公司 2016 年第三季度报告正文 证券代码：000957 证券简称：中通客车 公告编号：2016-051 中通客车控股股份有限公司 2016 年第三季度报告正文 1 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） | 11,721,954,218.90 | | 7,058,869,153 ...

中通客车控股股份有限公司 2016 年半年度报告全文 年半年度报告全文 中通客车控股股份有限公司 中通客车控股股份有限公司 2016 2016 年半年度报告 2016 年 08 月 1 / 121 中通客车控股股份有限公司 2016 年半年度报告全文 | 2016 | 半年度报告 1 | | --- | --- | | 第一节 | 重要提示、目录和释义 2 | | 第二节 | 公司简介 5 | | 第三节 | 会计数据和财务指标摘要 7 | | 第四节 | 董事会报告 9 | | 第五节 | 重要事项 24 | | 第六节 | 股份变动及股东情况 27 | | 第七节 | 优先股相关情况 27 | | 第八节 | 董事、监事、高级管理人员情况 28 | | 第九节 | 财务报告 29 | | 第十节 | 备查文件目录 121 | 中通客车控股股份有限公司 2016 年半年度报告全文 释义 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 公司、本公司 | 指 | 中通客车控股股份有限公司 | | 中国证监会 | 指 | 中国证券监督管理委员会 | | 公司法 | 指 | 中华人 ...

中通客车控股股份有限公司 2016 年第一季度报告正文 证券代码：000957 证券简称：中通客车 公告编号：2016-024 中通客车控股股份有限公司 2016 年第一季度报告正文 1 中通客车控股股份有限公司 2016 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。 公司负责人李树朋、主管会计工作负责人侯晶及会计机构负责人(会计主管 人员)侯晶声明：保证季度报告中财务报表的真实、准确、完整。 2 中通客车控股股份有限公司 2016 年第一季度报告正文 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 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 1,722,618,760.32 | 833,464,730.84 | 106.68% | | 归属于上市公司股东的净利润（元） | 135,492,679.46 | 8,7 ...