证券代码：001696 证券简称：宗申动力 公告编号：2020-59 重庆宗申动力机械股份有限公司 关于参加重庆辖区 2020 年投资者网上 集体接待日活动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 为推动辖区上市公司做好投资者关系管理工作，促进上市公司完善治理，进 一步提高上市公司质量，在重庆证监局指导下，重庆上市公司协会联合上证所信 息网络有限公司、深圳市全景网络有限公司举办"重庆辖区上市公司2020年投资 者网上集体接待日活动"。活动于2020年11月26日（星期四）下午15:00-16:30 举行，投资者可以登录"全景·路演天下"（http://rs.p5w.net）进入本公司 互动平台参与交流。 届时，公司高管人员将参加本次活动，通过网络在线交流形式，就公司治理、 发展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行"一对 多"形式的沟通与交流。欢迎广大投资者踊跃参与。 特此公告！ 重庆宗申动力机械股份有限公司 董事会 2020 年 11 月 21 日 1 / 1 ...

Financial Performance - Operating revenue for the period was ¥2,088,079,695.17, representing a year-on-year increase of 42.27%[8] - Net profit attributable to shareholders was ¥166,573,282.66, up 34.74% from the same period last year[8] - Basic earnings per share for the period were ¥0.1455, reflecting a growth of 34.85%[8] - The company's operating revenue for the current period reached ¥548,548.64 million, an increase of 34.47% compared to ¥407,935.92 million in the same period last year[20] - The company reported a total operating revenue for the current period of CNY 2,142,275,946.60, a 41% increase from CNY 1,520,299,601.21 in the previous period[81] - Net profit attributable to the parent company was CNY 166,573,282.66, up from CNY 123,628,463.90, representing a 35% increase[83] - The company's total operating costs for the current period were ¥5,102,842,278.68, up from ¥3,829,338,818.58, which is an increase of about 33.2%[94] - The total comprehensive income for the current period was ¥172,916,010.95, compared to ¥137,293,209.75 in the previous period, indicating an increase of approximately 26%[88] Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,999,766,178.46, an increase of 7.02% compared to the end of the previous year[8] - The company's total assets increased by ¥2,848.00 million, reflecting a 51.07% rise in trading financial assets due to increased investment in financial products[19] - Total current assets amounted to ¥4,966,133,018.22, an increase of 16.3% from ¥4,271,896,349.74 on December 31, 2019[62] - Total liabilities amounted to ¥4,105,998,379.84, up from ¥3,683,691,705.67, indicating a growth of 11.4%[68] - The total equity attributable to shareholders increased to ¥4,415,334,131.05 from ¥4,262,651,393.38, reflecting a growth of 3.6%[71] - The company reported total liabilities of CNY 3,683,691,705.67, with current liabilities at CNY 2,734,796,327.85 and non-current liabilities at CNY 948,895,377.82[132] Cash Flow - The company reported a net cash flow from operating activities of ¥508,824,298.37, a decrease of 22.92% year-on-year[8] - The net increase in cash and cash equivalents was ¥5,354.27 million, a 131.55% improvement from -¥16,973.12 million in the previous period[24] - The company reported a cash outflow of CNY 1.11 billion for debt repayment, a decrease from CNY 1.48 billion in the previous year[118] - The cash inflow from operating activities was CNY 717.86 million, significantly higher than CNY 440.47 million in the previous year[119] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 84,940[12] - The largest shareholder, Chongqing Zongshen High-speed Boat, held 20.10% of the shares, totaling 230,192,114 shares[12] - The company has not engaged in any repurchase transactions among the top 10 shareholders during the reporting period[16] Investments and Financial Management - The company received government subsidies amounting to ¥52,087,582.07 during the reporting period[11] - The company engaged in derivative investments, with a total investment amount of 1,630.34 million CNY at the end of the reporting period[29] - The company confirmed a fair value change gain of 671.96 million CNY from derivative investments during the reporting period[33] - The company has established agreements for expected returns across various financial products, ensuring a steady income stream[40] Research and Development - Research and development expenses for the current period were CNY 49,087,971.51, compared to CNY 38,553,603.82, reflecting a 27% increase[81] - Research and development expenses increased to ¥4,233,021.06 from ¥3,844,720.87, marking a rise of about 10.2%[89] Financial Ratios and Returns - The weighted average return on equity increased to 3.84%, up by 0.83 percentage points from the previous year[8] - The expected annualized return for the asset management plan from Guokai Securities is 4.70%, with an expected profit of 151.08 million[40] - The expected annualized return for the Dongfeng No. 1 asset management plan from Huaxi Securities is 5.00%, with an expected profit of 13.73 million[40] Compliance and Governance - There were no violations regarding external guarantees or non-operational fund occupation by controlling shareholders during the reporting period[54][55] - The company is in compliance with the revised accounting standards for revenue recognition effective from January 1, 2020[135]

Financial Performance - The company's operating revenue for the first half of 2020 was CNY 3,397,406,672.64, representing a 30.08% increase compared to CNY 2,611,683,764.60 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was CNY 335,943,269.54, up 56.34% from CNY 214,886,512.08 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was CNY 300,656,610.95, an increase of 49.98% compared to CNY 200,466,915.71 in the previous year[23]. - The basic earnings per share for the period was CNY 0.2934, reflecting a 56.31% increase from CNY 0.1877 in the same period last year[23]. - The net cash flow from operating activities was CNY 364,789,367.35, a decrease of 24.45% compared to CNY 482,855,902.67 in the previous year[23]. - The total assets at the end of the reporting period were CNY 8,551,890,926.03, which is a 1.69% increase from CNY 8,409,354,023.08 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company were CNY 4,252,563,930.25, showing a slight decrease of 0.24% from CNY 4,262,651,393.38 at the end of the previous year[23]. - The weighted average return on equity increased by 2.67 percentage points to 7.78% from 5.11% in the previous year[23]. Revenue and Sales - The company achieved a revenue of CNY 3.397 billion in the first half of 2020, representing a 30.08% increase year-on-year[38]. - The motorcycle engine business sold 1.1775 million units, generating sales revenue of CNY 1.259 billion and a net profit of CNY 84 million[39]. - The general machinery products saw a total sales volume of 2.3425 million units, with sales revenue reaching CNY 1.897 billion, marking a 70.02% year-on-year increase[40]. - Domestic sales accounted for 47.80% of total revenue, while international sales made up 52.20%, with international sales increasing by 53.74% year-on-year[47]. Investments and Future Growth - The company’s investment in new energy and high-end components is projected to become a significant new profit growth point, with ongoing collaborations with renowned enterprises[44]. - The company has ongoing investments in new energy development, with a total investment of ¥1,300,000, increasing its stake to 54.33%[64]. - The company reported a total investment of ¥193,800,000 in the current period, representing a 36% increase compared to ¥142,500,000 in the same period last year[59]. - The company acquired a 100% stake in Chongqing Dajiang Power Equipment Manufacturing Co., Ltd. for ¥142,500,000, with the investment completed in multiple phases[59]. Operational Challenges - The company faced challenges due to the COVID-19 pandemic and escalating Sino-U.S. trade tensions, impacting its operational performance[79]. - The company has maintained a stable market share and profitability in its traditional motorcycle engine and general machinery sectors despite adverse market conditions[38]. Cost Management - The cost of goods sold increased by 32.05% to ¥2,799,740,361.92 from ¥2,120,247,967.92, primarily due to enhanced production efficiency[45]. - Financial expenses decreased to ¥35,458,626.03 from ¥41,166,274.31, showing improved cost management[200]. - The company reported a decrease in sales expenses to ¥116,790,223.43 from ¥129,202,249.09, indicating improved efficiency in sales operations[200]. Cash Flow and Financial Position - The company's cash and cash equivalents decreased by 237.63% to -¥265,723,773.57 from an increase of ¥193,073,332.93 in the previous year[45]. - Cash and cash equivalents decreased from ¥1,462,882,006.17 to ¥1,181,596,857.79, a decline of approximately 19.2%[180]. - Total liabilities increased to ¥3,804,797,138.36 from ¥3,683,691,705.67, reflecting a growth of approximately 3.1%[189]. - Current liabilities totaled ¥2,895,352,050.98, up from ¥2,734,796,327.85, indicating an increase of about 5.4%[189]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 84,749, with a total of 10 shareholders having significant holdings[149]. - The largest shareholder, Chongqing Zongshen High-speed Boat Development Co., held 20.10% of shares, totaling 230,192,114 shares, with no changes during the reporting period[149]. - The company reported a total of 12,351,201 restricted shares at the end of the period, with 12,072,951 shares released during the reporting period[145]. Corporate Governance - The company has not experienced any major litigation or arbitration matters during the reporting period[92]. - The company has not engaged in any related party transactions during the reporting period[98]. - The company has no significant changes in short-term and long-term borrowings, maintaining levels of ¥710,234,432.26 and ¥830,000,000.00 respectively[55]. Environmental and Social Responsibility - The company has successfully met all environmental standards during the reporting period, with no incidents of environmental pollution[135]. - The company has not conducted any poverty alleviation work during the reporting period[136].

Financial Performance - The company's operating revenue for Q1 2020 was ¥1,336,620,930.25, representing a 5.01% increase compared to ¥1,272,794,743.59 in the same period last year[9]. - Net profit attributable to shareholders was ¥98,938,452.88, a 35.45% increase from ¥73,043,306.30 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥83,085,344.50, up 40.51% from ¥59,130,623.29 in the previous year[9]. - Basic and diluted earnings per share increased to ¥0.0864, up 35.42% from ¥0.0638 in the previous year[9]. - The company reported a gross profit of CNY 123,171,095.30, compared to CNY 84,427,111.95 in the previous year, reflecting a significant improvement[76]. - The net profit for the quarter reached CNY 108,788,876.82, representing a 34.2% increase from CNY 81,083,595.75 in the same period last year[77]. - The total comprehensive income attributable to the parent company was ¥98,949,319.04, compared to ¥72,294,941.84 in the previous period, marking a rise of 36.8%[80]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥63,123,873.43, a significant decrease of 134.16% compared to a net inflow of ¥184,763,494.95 in the same period last year[9]. - The net cash flow from operating activities decreased by 134.16% to -RMB 6,312.39 million, mainly due to increased loan business from financial subsidiaries[26]. - The net cash flow from investing activities fell by 183.61% to -RMB 23,021.29 million, primarily due to increased investments in bank wealth management products[26]. - The net cash flow from financing activities increased by 360.73% to RMB 41,347.72 million, mainly due to increased bank loans[26]. - The company's cash and cash equivalents increased by 322.92% to RMB 12,457.94 million, driven by the increase in cash flow from financing activities[28]. - The total cash inflow from investment activities reached 919,482,130.53 RMB, while cash outflow was 1,093,412,064.84 RMB, resulting in a net cash flow of -173,929,934.31 RMB[102]. - Cash inflow from financing activities amounted to 120,000,000.00 RMB, with cash outflow totaling 29,862,209.72 RMB, leading to a net cash flow of 90,137,790.28 RMB[102]. Assets and Liabilities - Total assets at the end of the reporting period were ¥8,965,402,858.78, reflecting a 6.61% increase from ¥8,409,354,023.08 at the end of the previous year[9]. - The total assets increased to CNY 5,503,411,038.29, compared to CNY 5,376,092,262.61, marking a growth of 2.4%[71]. - Total liabilities increased to approximately CNY 4.12 billion, up from CNY 3.68 billion, marking a growth of 11.7%[61]. - Total liabilities rose to CNY 2,016,910,573.27, up from CNY 1,895,949,614.48, indicating an increase of 6.3%[71]. - The company's total assets as of March 31, 2020, were approximately CNY 8.97 billion, compared to CNY 8.41 billion at the end of 2019, indicating a growth of 6.7%[64]. - Total liabilities reached RMB 3,683,691,705.67, with current liabilities at RMB 2,734,796,327.85, and non-current liabilities at RMB 948,895,377.82[109]. Investments and Returns - The company reported a non-operating income of ¥22,987,757.23 from the disposal of non-current assets during the reporting period[9]. - The company recorded an investment income of ¥2,962.36, a significant increase of 460.15% compared to ¥528.85 in the same period last year, mainly due to the disposal of a subsidiary[23]. - The total expected return for the bank's wealth management products during the reporting period is 72,466.82 million RMB, with a total actual return of 300.2 million RMB[41]. - The structured deposit product from China Merchants Bank raised RMB 8,800 million, with a return rate of 3.40%, resulting in an actual return of RMB 58 million[37]. - The structured deposit from Industrial Bank raised RMB 2,200 million, yielding a return rate of 3.32% and an actual return of RMB 15.48 million[37]. - The company has a total of RMB 25,530 million in entrusted wealth management, with RMB 19,030 million from self-owned funds remaining unexpired[34]. Shareholder Equity - The net assets attributable to shareholders were ¥4,362,306,612.42, a 2.34% increase from ¥4,262,651,393.38 at the end of the previous year[9]. - The company maintained a stable equity position with total equity reaching approximately CNY 4.85 billion, up from CNY 4.73 billion, reflecting a growth of 2.5%[64]. - Shareholders' equity totaled RMB 4,725,662,317.41, with total equity attributable to the parent company at RMB 4,262,651,393.38[109]. Research and Development - Research and development expenses for the quarter were CNY 36,380,813.78, slightly up from CNY 36,253,848.18, showing a marginal increase[74]. - Research and development expenses decreased to ¥3,405,020.62 from ¥4,141,129.68, a reduction of 17.8%[82]. Risk Management - The derivative investment loss for the reporting period amounts to -1,125.05 million RMB, indicating a significant market risk exposure[45]. - The company confirmed that there were no significant changes in accounting policies for derivative investments compared to the previous reporting period[45]. - The company has established appropriate internal control systems to manage risks associated with derivative investments[45]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[51].

Financial Performance - The company's operating revenue for 2019 was ¥5,593,877,444.12, a decrease of 3.36% compared to ¥5,788,336,180.57 in 2018[24] - The net profit attributable to shareholders of the listed company was ¥421,972,040.96, representing an increase of 12.81% from ¥374,048,073.99 in the previous year[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥383,609,019.04, up 4.46% from ¥367,233,362.30 in 2018[24] - The net cash flow from operating activities increased by 84.53% to ¥787,579,251.92, compared to ¥426,804,167.59 in 2018[24] - Basic earnings per share were ¥0.3685, reflecting a 12.79% increase from ¥0.3267 in the previous year[24] - The weighted average return on net assets was 10.10%, an increase of 0.59 percentage points from 9.51% in 2018[24] - The company achieved total operating revenue of CNY 5.807 billion in 2019, remaining stable compared to the previous year[42] - Net profit attributable to shareholders increased by 12.81% to CNY 422 million[42] - Net cash flow from operating activities rose by 84.53% to CNY 788 million[42] Business Operations - The company is focused on the research, sales, and manufacturing of various engines and their components, as well as general machinery and high-tech products[22] - The company has experienced a change in its main business focus since its establishment, shifting from construction steel to engine manufacturing and related products[22] - The company sold 2.7965 million engine products, generating CNY 2.552 billion in revenue from its main business[43] - The motorcycle industry saw production and sales of 17.3666 million units, with a year-on-year growth of 11.48%[43] - The company’s general machinery products achieved sales of 2.7628 million units, resulting in CNY 2.441 billion in revenue[44] - The company has expanded its market presence, exporting products to 132 countries and regions[44] - The company is focusing on the development of new products, including the first domestic electric spray snow machine and various frequency conversion technology products[44] Assets and Liabilities - Total assets increased by 1.78% to CNY 8.409 billion at the end of 2019[27] - Net assets attributable to shareholders rose by 3.97% to CNY 4.263 billion[27] - The company reported a significant decrease in the cost of raw materials in the retail service sector, which fell by 27.52% to RMB 210,447,541.61, maintaining a share of 98.80% of total costs[62] - The top five customers contributed RMB 1,816,912,055.39, accounting for 32.47% of total annual sales, with the largest customer alone contributing RMB 698,327,312.89, or 12.48%[68] - The total procurement from the top five suppliers was RMB 687,044,869.84, representing 16.33% of total annual procurement, with the largest supplier accounting for RMB 274,269,978.00, or 6.52%[68] Costs and Expenses - In 2019, the total operating costs amounted to RMB 4,579,262,347.49, a decrease of 5.14% compared to RMB 4,827,214,210.06 in 2018[62] - The raw material costs were RMB 4,097,798,204.89, accounting for 93.85% of total operating costs, down from 94.19% in 2018, reflecting a 4.05% decrease[60] - Labor costs increased to RMB 184,670,630.70, representing 4.23% of total operating costs, compared to 3.99% in 2018, marking a 2.15% increase[60] - Depreciation expenses rose by 26.12% to RMB 39,761,596.94, which is 0.91% of total operating costs, up from 0.70% in 2018[60] - Sales expenses decreased by 4.21% to ¥292,392,954.54 compared to ¥305,236,449.85 in 2018[69] - R&D expenses increased by 8.55% to ¥156,239,480.14 from ¥143,937,690.26 in 2018[71] Investments and Acquisitions - The company acquired 100% equity of Chongqing Dajiang Power Equipment Manufacturing Co., Ltd. for ¥142,500,000, funded by raised capital[85] - The company has committed to maintaining a minimum cash dividend ratio of 40% during its mature development stage, with the total cash dividends over the past three years reaching RMB 641.22 million, exceeding the average distributable profit ratio of 193.89%[146] - The company plans to continue its investment strategy focusing on equity acquisitions and market expansion[85] - The company has shifted its focus from the motorcycle market to the automotive after-sales service market due to changes in domestic industry policies and market conditions[112] Risk Management and Governance - The company is committed to enhancing its governance mechanisms and risk management to ensure compliance and stability[132] - The company has established appropriate internal control systems to manage risks associated with derivative investments[93] - The company has maintained a strong focus on investor relations, actively engaging with both institutional and individual investors through various communication channels[137] - The company has not reported any significant litigation, bankruptcy restructuring, or penalties during the reporting period[164] Future Outlook - The company plans to invest RMB 200-400 million in external investments for sectors such as aviation engines, new energy, and intelligent production lines in 2020[136] - The company aims to transition towards a digital, technological, and intelligent integrated service provider in the power system sector by 2020[132] - The motorcycle engine business remains a key growth area, with significant market opportunities in rural and emerging markets, particularly in Southeast Asia and Africa[127] - The company plans to enhance its product development in electric and mid-to-large displacement fuel engines to improve market share and product structure[127]

Financial Performance - Operating revenue for the reporting period was ¥1,467,675,446.39, a decrease of 2.85% year-on-year, while revenue for the year-to-date was ¥4,079,359,210.99, down 8.66% compared to the same period last year[8]. - Net profit attributable to shareholders for the reporting period was ¥123,628,463.90, a slight decrease of 0.25%, with year-to-date net profit at ¥338,514,975.98, an increase of 15.50%[8]. - Basic earnings per share for the reporting period was ¥0.1079, down 0.37%, while year-to-date basic earnings per share was ¥0.2956, an increase of 15.47%[8]. - The weighted average return on equity for the reporting period was 3.01%, a decrease of 0.12 percentage points, while year-to-date it was 8.10%, an increase of 0.58 percentage points[8]. - The company reported a net profit for the current period of RMB 135,009,466.21, slightly down from RMB 136,632,480.81 in the previous period, representing a decrease of 1.2%[78]. - The net profit for the period was CNY 373,191,734.26, representing an increase of 17.5% from CNY 317,606,381.22 in the same period last year[87]. - The total comprehensive income for the period was CNY 375,646,074.53, up from CNY 318,948,037.48, indicating a growth of 17.8%[89]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥660,122,340.70, showing a significant increase of 394.75%[8]. - The cash flow from operating activities for the current period is RMB 660,122,340.70, a significant improvement from a negative cash flow of RMB -223,961,791.37 in the previous period[99]. - The cash inflow from operating activities totaled 440,473,420.60 RMB, up from 360,649,172.79 RMB in the previous period, reflecting growth in operational cash generation[102]. - The net cash flow from financing activities was -516,491,580.79 RMB, a decrease compared to a positive net cash flow of 63,102,361.56 RMB in the previous period, indicating a significant decline in financing activities[101]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥8,292,524,647.92, an increase of 0.37% compared to the end of the previous year[8]. - The company's total assets reached RMB 8,292,524,647.92, slightly up from RMB 8,261,926,647.30 at the end of 2018[64]. - Total liabilities decreased to CNY 3,629,941,012.65 from CNY 3,708,434,656.24, a reduction of approximately 2.1%[68]. - Owner's equity increased to CNY 4,662,583,635.27 from CNY 4,553,491,991.06, reflecting a growth of about 2.4%[68]. - The company's short-term borrowings decreased significantly to RMB 448,304,497.37 from RMB 812,000,000.00 in the previous year[64]. - The total amount of entrusted financial management reached RMB 79,362 million, with no overdue amounts[34]. Investments and Expenditures - Development expenditures surged by 76.45% to RMB 3,439.36 million, reflecting increased investment in new product research and development[23]. - The company reported a total of 918.82 million RMB in expected returns from various financial products during the period[50]. - The company has engaged in multiple structured deposit agreements, with amounts varying from 600 million RMB to 1,500 million RMB[50]. - The company has a strategic emphasis on bank wealth management products, reflecting its commitment to enhancing financial performance[50]. Shareholder Information - The top ten shareholders held a total of 20.10% and 18.11% of shares, with the largest shareholder holding 230,192,114 shares[14]. - The company did not engage in any repurchase transactions during the reporting period[20]. - There were no significant non-recurring gains or losses defined by the company during the reporting period[11]. Research and Development - Research and development expenses increased to RMB 38,553,603.82, up 15.0% from RMB 33,389,087.30 in the previous period[77]. - Research and development expenses for the period were CNY 108,643,836.16, an increase of 6.3% compared to CNY 102,345,539.31 in the previous period[86]. Financial Strategy - The company has seen an increase in interest income to RMB 52,624,154.82 from RMB 69,340,887.19 in the previous period, indicating a shift in financial strategy[77]. - The company plans to continue expanding its market presence and invest in new product development[80].

Group 1: Event Details - The event "Chongqing Listed Companies 2019 Investor Online Reception Day" will be held on November 6, 2019, from 15:00 to 17:00 [1] - Investors can participate through the "Panjing Roadshow" platform [1] Group 2: Company Participation - Company executives will engage in online communication regarding governance, development strategy, operational status, and sustainable development [1] - The format of the communication will be "one-to-many" to address investor concerns [1] Group 3: Assurance of Information - The company and its board guarantee the truthfulness, accuracy, and completeness of the announcement, with no false records or significant omissions [1]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 2,611,683,764.60, a decrease of 11.63% compared to the same period last year[24]. - Net profit attributable to shareholders was CNY 214,886,512.08, an increase of 27.04% year-on-year[24]. - The net profit after deducting non-recurring gains and losses was CNY 200,466,915.71, reflecting a growth of 19.08% compared to the previous year[24]. - The net cash flow from operating activities was CNY 482,855,902.67, a significant increase of 202.45% compared to the same period last year[24]. - Basic earnings per share increased to CNY 0.1877, up 27.08% from CNY 0.1477 in the previous year[24]. - The company achieved total operating revenue of RMB 2.71 billion, a decrease of 11.71% year-on-year[40]. - The net profit attributable to shareholders was RMB 215 million, an increase of 27.04% year-on-year[40]. - The net cash flow from operating activities was RMB 483 million, an increase of 202.45% year-on-year[40]. - The total operating revenue for the first half of 2019 was RMB 2,709,928,983.99, a decrease of 11.7% compared to RMB 3,069,463,244.69 in the first half of 2018[165]. - Operating income decreased to RMB 2,611,683,764.60 from RMB 2,955,408,321.54, reflecting a decline of 11.6% year-over-year[165]. - Net profit for the first half of 2019 was RMB 238,182,268.05, an increase of 31.5% from RMB 180,973,900.41 in the same period of 2018[171]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,346,718,000.65, representing a 1.03% increase from the end of the previous year[24]. - The net assets attributable to shareholders decreased by 1.26% to CNY 4,048,355,927.98 compared to the previous year[24]. - Total liabilities increased to CNY 3,815,630,281.37 from CNY 3,708,434,656.24, reflecting a growth of approximately 2.9%[154]. - Current liabilities totaled CNY 2,756,936,607.38, up from CNY 2,395,027,047.09, indicating an increase of about 15.1%[154]. - Non-current liabilities decreased to CNY 1,058,693,673.99 from CNY 1,313,407,609.15, a decline of approximately 19.4%[154]. - The company reported a total of CNY 1,983,515,947.84 in undistributed profits, down from CNY 2,039,015,433.76, a decrease of approximately 2.7%[154]. Cash Flow - The net cash flow from operating activities was CNY 482,855,902.67, a significant improvement from a net outflow of CNY 471,319,862.12 in the first half of 2018[183]. - Cash inflows from operating activities amounted to CNY 2,773,548,690.86, down 8.6% from CNY 3,034,873,662.71 in the first half of 2018[183]. - Cash outflows from operating activities totaled CNY 2,290,692,788.19, a decrease of 34.7% compared to CNY 3,506,193,524.83 in the same period of 2018[183]. - The cash and cash equivalents at the end of the period were CNY 1,619,397,562.69, up from CNY 1,386,356,963.19 at the end of the first half of 2018[185]. Investment and R&D - Research and development investment increased by 10.14% to ¥79,412,337.29, indicating a focus on innovation[50]. - The company is focusing on developing core small fuel cell systems and plans to build a large fuel cell R&D platform for over 30KW[49]. - The high-end components business is collaborating with well-known companies like GKN and BorgWarner, expected to become a significant new profit source[49]. - The company reported an investment income of RMB 10,614,973.06, down from RMB 17,592,088.71, indicating a decline of 39.5%[168]. Shareholder and Management - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[8]. - The company has a stable management team and strong financial reserves, ensuring continuous improvement in core competitiveness[36]. - The company has completed a commitment to purchase company shares amounting to CNY 105,541,700 by its core team members[79]. - The first phase of the employee stock ownership plan was completed with a total transaction amount of RMB 38.9999 million, purchasing 3,901,189 shares, accounting for 0.34% of the total share capital[87]. Market and Strategic Focus - The company is committed to transitioning from fuel power to electric and hybrid power, aiming to implement its "oil-to-electric" strategy[49]. - The company aims to enhance production efficiency by implementing "Industry 4.0 smart production lines" and upgrading existing production lines to automation[75]. - The company is focusing on expanding into emerging markets in Southeast Asia, North Africa, and South America to improve inventory turnover and capital utilization[75]. - The company anticipates facing challenges from macroeconomic uncertainties, including the impact of US-China trade tensions and rising raw material prices[75]. Compliance and Governance - The semi-annual financial report has not been audited[83]. - The company has not experienced any major litigation or arbitration matters during the reporting period[86]. - The company has not engaged in any significant related party transactions during the reporting period[92]. - The company has not experienced any penalties or rectification during the reporting period[86].

重庆宗申动力机械股份有限公司 2019 年第一季度报告全文 1 重庆宗申动力机械股份有限公司 2019 年第一季度报告 2019 年 4 月 重庆宗申动力机械股份有限公司 2019 年第一季度报告全文 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。 | --- | |------------------------------------------------------------------------| | | | 公司负责人左宗申先生、黄培国先生、主管会计工作负责人秦忠荣女士及 | | 会计机构负责人 ( 会计主管人员)夏丹女士声明：保证季度报告中财务报表的真 | | 实、准确、完整。 | 2 重庆宗申动力机械股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | --- | --- | --- | --- | |---------- ...

Financial Performance - The company's operating revenue for 2018 was CNY 5,788,336,180.57, representing a 15.24% increase compared to CNY 5,022,828,212.77 in 2017[17] - The net profit attributable to shareholders for 2018 was CNY 374,048,073.99, a 37.31% increase from CNY 272,408,148.59 in 2017[17] - The net cash flow from operating activities improved significantly to CNY 426,804,167.59, a 281.65% increase from a negative cash flow of CNY 234,960,471.78 in 2017[17] - The basic earnings per share for 2018 was CNY 0.3267, up 37.33% from CNY 0.2379 in 2017[17] - The net profit after deducting non-recurring gains and losses was CNY 367,233,362.30, a 67.01% increase from CNY 219,882,498.48 in 2017[17] - The company reported a profit before tax of RMB 484 million, reflecting a year-on-year increase of 25.61%[29] - The total revenue for the year 2018 was approximately CNY 4.83 billion, representing a year-on-year increase of 15.19% compared to CNY 4.19 billion in 2017[44] Asset and Equity Growth - Total assets at the end of 2018 reached CNY 8,261,926,647.30, a 19.21% increase from CNY 6,930,701,393.54 at the end of 2017[18] - The net assets attributable to shareholders increased to CNY 4,099,893,251.37, an 8.94% rise from CNY 3,763,373,074.06 in 2017[18] - The weighted average return on net assets for 2018 was 9.51%, an increase of 2.04 percentage points from 7.47% in 2017[17] Market and Sales Performance - The company sold 2.97 million engines, a decrease of 16.54% year-on-year, while exports increased by 13.43% to 907,400 units[30] - The sales of general machinery products reached 3.22 million units, a growth of 72.15% year-on-year, with revenue increasing by 127.23% to RMB 2.663 billion[31] - Domestic sales accounted for 50.12% of total revenue at RMB 2,901,307,366.84, down from 67.75% in 2017, while international sales increased by 78.25% to RMB 2,887,028,813.73[38] - The sales volume of motorcycles decreased by 16.54% to 2,971,501 units, while the sales volume of general machinery increased by 72.15% to 3,218,175 units[39] Investment and Acquisitions - The company completed the acquisition of 100% equity in Chongqing Dajiang Power Manufacturing Co., significantly enhancing its market position in the general machinery sector[31] - The total investment for the reporting period was RMB 484,500,000.00, representing a substantial increase of 246.07% compared to RMB 140,000,000.00 in the previous year[62] - The acquisition of Chongqing Dajiang Power Equipment Manufacturing Co., Ltd. was completed with a payment of CNY 484.50 million, and the company achieved a net profit of CNY 113.84 million for the year[72] Research and Development - Research and development expenses rose by 20.67% to CNY 143.94 million, compared to CNY 119.28 million in 2017[50] - The number of R&D personnel increased by 3.70% to 560, while the R&D expenditure as a percentage of revenue decreased to 2.68% from 3.01%[51] - The company plans to enhance its R&D efforts in electric and mid-to-large displacement fuel engines, aiming to expand its market presence in emerging economies[84] Cash Flow and Financial Management - The net cash flow from operating activities for the fourth quarter was RMB 650.77 million, indicating strong cash generation capabilities[21] - The total amount of cash inflow from investment activities decreased by 46.45% to CNY 2.27 billion, down from CNY 4.24 billion in 2017[54] - The total amount of cash outflow from financing activities increased by 19.46% to CNY 3.33 billion, compared to CNY 2.79 billion in the previous year[54] Dividend Distribution - The company plans to distribute a cash dividend of CNY 2.3 per 10 shares, totaling CNY 263,356,191.60[6] - In 2018, the company distributed a cash dividend of RMB 0.3 per share, amounting to a total of RMB 263.36 million, which represents 70.41% of the net profit attributable to ordinary shareholders[99] - The company has committed to a minimum cash dividend ratio of 40% during profit distribution due to significant capital expenditure plans[100] Strategic Direction and Market Focus - The company is transitioning towards electric and hybrid power, with a focus on developing new energy products through its subsidiary, Chongqing Zongshen New Energy Development Co.[33] - The company plans to continue expanding its market presence and enhancing its product offerings through new technology development and strategic initiatives[34] - The company has adjusted its strategic direction in response to the evolving market conditions, shifting from motorcycle services to automotive services[75] Governance and Compliance - The company is committed to enhancing its governance mechanisms and risk management to ensure compliance and stability, safeguarding shareholder interests[88] - The company has implemented changes in accounting policies, including the consolidation of various financial statement items for better clarity[104] - The company’s governance practices comply with the relevant laws and regulations set by the China Securities Regulatory Commission[199] Employee and Management Structure - The total number of employees in the company is 6,089, with 1,053 in the parent company and 5,036 in major subsidiaries[193] - The total pre-tax remuneration for the board of directors and senior management is 777.06 million RMB[193] - The company has implemented a performance-based salary system for non-production staff, linking production staff salaries to company output[194]