Financial Performance - The company's operating revenue for Q1 2021 was ¥674,100,544.55, representing a 107.40% increase compared to ¥325,024,390.37 in the same period last year[9]. - The net profit attributable to shareholders was ¥6,551,598.94, a slight increase of 2.23% from ¥6,408,732.69 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was ¥779,189.92, a significant recovery from a loss of ¥1,473,160.98 in the previous year, marking a 152.89% improvement[9]. - The net cash flow from operating activities reached ¥102,830,493.31, up 131.93% from ¥44,336,897.51 in the same quarter last year[9]. - The basic earnings per share for the quarter was ¥0.0030, up 3.45% from ¥0.0029 year-on-year[9]. - The diluted earnings per share also stood at ¥0.0030, reflecting the same percentage increase of 3.45%[9]. - The company reported a net profit of ¥521,552,612.97, up from ¥515,462,194.07, indicating a slight increase in retained earnings[47]. - Net profit for the current period was ¥20,410,690.61, compared to ¥18,571,654.15, representing a growth of 9.9%[60]. - The total comprehensive income for the current period was ¥17,492,723.02, compared to ¥15,524,950.45, reflecting a growth of 12.7%[63]. Revenue and Costs - The company's operating revenue increased by 107.40% year-on-year, primarily due to increased product sales and service income from asset securitization projects[11]. - The company's operating costs increased by 139.15% year-on-year, driven by higher product sales costs and increased costs associated with asset securitization services[12]. - Operating costs amounted to ¥255,320,011.41, up from ¥150,726,758.33, reflecting a 69.2% increase[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,086,361,228.41, reflecting a 1.37% increase from ¥6,003,949,133.37 at the end of the previous year[9]. - The total liabilities increased to ¥2,402,040,390.38 from ¥2,406,635,376.17, indicating a slight decrease in overall liabilities[54]. - The total assets as of January 1, 2021, were $6,006,540,208.29, reflecting an adjustment of $2,591,074.92 due to the implementation of new leasing standards[82]. - The total liabilities increased to $2,608,254,630.04 as of January 1, 2021, with a minor adjustment of $2,591,074.92[89]. - Total liabilities stand at 2,406,635,376.17, with current liabilities totaling 2,351,796,421.05 and non-current liabilities at 54,838,955.12[95]. Cash Flow - Cash inflow from operating activities reached 642,444,482.74, up from 339,114,115.03 in the previous period, representing an increase of approximately 89.5%[71]. - Cash received from sales of goods and services was 615,549,203.85, significantly higher than 313,247,422.99 in the previous period, marking an increase of about 96.7%[71]. - Cash paid for purchasing goods and services was 412,845,635.91, compared to 198,865,510.72 in the previous period, indicating an increase of approximately 107.5%[71]. - The net cash flow from financing activities was -$103,741,592.09, contrasting with a positive cash flow of $139,815,806.82 in the prior year[81]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 99,902, with the largest shareholder holding 17.72% of the shares[13]. - The net assets attributable to shareholders were ¥2,911,262,792.32, a marginal increase of 0.14% from ¥2,907,214,999.37[9]. - Owner's equity totals 2,793,078,032.61, comprised of share capital of 2,199,395,670.00 and retained earnings of 403,718,630.10[95]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥10,081,042.26 during the reporting period[9]. - Other income for the current period was reported at ¥10,130,798.78, compared to ¥9,484,133.24, indicating a positive trend[60]. Financial Adjustments and Standards - The company has not undergone an audit for the first quarter report, which may affect stakeholder confidence[95]. - The report indicates that the new leasing standards have not been applied retrospectively, which could impact financial comparisons[95].

Financial Performance - The company's operating revenue for 2020 was approximately ¥1.68 billion, representing a 19.31% increase compared to ¥1.41 billion in 2019[23]. - The net profit attributable to shareholders for 2020 was a loss of approximately ¥160.38 million, a decrease of 867.01% from a profit of ¥20.91 million in 2019[23]. - The net cash flow from operating activities was approximately ¥113.33 million, down 74.73% from ¥448.42 million in 2019[23]. - The total assets at the end of 2020 were approximately ¥6.00 billion, an increase of 4.46% from ¥5.75 billion at the end of 2019[23]. - The net assets attributable to shareholders decreased by 5.32% to approximately ¥2.91 billion from ¥3.07 billion in 2019[23]. - The basic earnings per share for 2020 was -¥0.0729, a decline of 867.37% from ¥0.0095 in 2019[23]. - The company reported a significant decrease in net profit after deducting non-recurring gains and losses, amounting to a loss of approximately ¥185.42 million in 2020[23]. - The weighted average return on net assets was -5.36% in 2020, down from 0.68% in 2019[23]. - The company achieved a revenue of 1,678.11 million CNY in 2020, representing a growth of 19.31% compared to the previous year[54]. - The net profit attributable to shareholders was -160.38 million CNY, a decline of 867.01% year-on-year[54]. - The net cash flow from operating activities was 113.33 million CNY, down 74.73% from the previous year[54]. - Total assets increased by 4.46% to 6,003.95 million CNY at the end of the reporting period[54]. Revenue Breakdown - The automotive tire equipment sector generated revenue of ¥688,935,434.33, accounting for 41.05% of total revenue, with a growth of 3.61% from the previous year[62]. - The modern service sector saw a significant increase in revenue to ¥796,160,975.33, which is 47.45% of total revenue, reflecting a growth of 73.44% year-on-year[62]. - The smart equipment manufacturing sector experienced a decline in revenue to ¥136,730,170.16, down 36.25% from ¥214,474,348.92 in 2019[62]. - The company reported a significant increase in the sales volume of automotive tire equipment, reaching 5,431 units, a 19.02% increase from 4,563 units in 2019[69]. Costs and Expenses - In 2020, the cost of raw materials for the automotive tire equipment industry was CNY 348,164,115.27, accounting for 56.17% of operating costs, a decrease of 4.55% compared to 2019[70]. - The salary and welfare expenses in the automotive tire equipment industry increased by 24.92% to CNY 93,223,932.59, representing 15.04% of operating costs[70]. - The main business cost for tire molds was CNY 334,996,436.21, which is 27.27% of operating costs, an increase of 18.62% year-on-year[73]. - The company reported a significant decrease in sales expenses by 34.45%, totaling CNY 36,492,904.33, primarily due to the impact of the COVID-19 pandemic[79]. - Research and development expenses amounted to CNY 68,638,387.25, a decrease of 12.13% compared to the previous year[79]. - The company’s R&D investment was CNY 67,802,357.56, which is 4.04% of operating revenue, down from 5.68% in 2019[83]. Investments and Subsidiaries - The company transferred 48% of its stake in Shanghai Lisheng Financing Leasing Co., Ltd. for CNY 99 million, which is no longer included in the consolidated financial statements[74]. - The company established a new subsidiary, Guangdong Maixun Rui Industrial Co., Ltd., with a registered capital of CNY 100 million, focusing on manufacturing metal cutting machine tools and tire molds[74]. - The subsidiary Hexin (Tianjin) International Commercial Factoring Co., Ltd. reported a net profit of 171.55 million yuan, with total assets of approximately 2.39 billion yuan and operating income of approximately 827.94 million yuan[110]. Market and Product Development - The company has developed new products such as the intelligent servo hydraulic vulcanizing machine, which features network communication capabilities and aims to automate the production process in tire factories[41]. - The company maintains a leading position in the domestic tire mold and hydraulic vulcanizing machine market, with over half of its revenue coming from these core products[38]. - The company focuses on expanding its market presence through the development of automation and intelligent equipment with independent intellectual property rights[39]. - The domestic tire mold market saw a substantial increase in orders, compensating for the decline in international orders due to the pandemic[42]. - The company successfully developed and implemented an "intelligent self-recognition mask fully automated production line" to support domestic mask manufacturers and export to Europe and Asia[56]. Risks and Challenges - The company faces risks related to reliance on the tire downstream industry, fluctuations in raw material prices, and high customer concentration[6]. - The company faces risks related to dependence on the tire industry's economic conditions, which could impact demand for its products[120]. - Fluctuations in raw material prices pose a risk to the company's performance, with potential cost increases affecting profitability[120]. - The company has a high customer concentration, which poses a risk if major clients face operational difficulties without new quality clients being developed[122]. - The company is experiencing liquidity risk due to a significant amount of short-term interest-bearing liabilities, which could affect its ability to meet financial obligations if credit conditions change[123]. - The company is closely monitoring the impact of the COVID-19 pandemic on its operations and receivables, with the extent of the impact remaining uncertain[126]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure, ensuring timely and accurate information disclosure to protect shareholder and creditor rights[172]. - The company has implemented a performance management system and provides training programs to enhance employee skills, ensuring employee rights and welfare are prioritized[172]. - The company does not belong to the key pollutant discharge units as per environmental protection department announcements, and has not faced penalties for environmental violations during the reporting period[176]. - The company has adopted the ISO14001 environmental management system, focusing on waste reduction and energy conservation, achieving compliance with national environmental standards[176]. Shareholder Information - The total number of shareholders at the end of the reporting period was 102,502, an increase from 99,902 at the end of the previous month[196]. - Wu Chaozhong holds 399,740,587 shares, representing 18.18% of total shares, with 76,805,000 shares pledged[196]. - The top five shareholders hold significant stakes, with the largest shareholder, Yue Haijun, owning 4,618,100 shares of common stock[200]. - The company did not issue any new securities during the reporting period[191].

巨轮智能装备股份有限公司 2020 年第三季度报告全文 EBEVLOO INLEFFICENLEGOIDWENLING 2020 年第三季度报告 1 2020 年 10 月 巨轮智能装备股份有限公司 2020 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。 公司负责人吴潮忠先生、主管会计工作负责人林瑞波先生及会计机构负责 人(会计主管人员)谢光喜先生声明：保证季度报告中财务报表的真实、准确、完 整。 2 巨轮智能装备股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |----------------------------------------------------------------------|----------------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥580.29 million, a decrease of 10.08% compared to ¥645.34 million in the same period last year[23]. - The net profit attributable to shareholders was approximately ¥3.98 million, down 47.01% from ¥7.50 million in the previous year[23]. - The net cash flow from operating activities was approximately ¥467.63 thousand, a significant decline of 99.76% compared to ¥195.61 million in the same period last year[23]. - The basic earnings per share decreased by 47.06% to ¥0.0018 from ¥0.0034 in the same period last year[23]. - The company reported a revenue of 58,029.41 million yuan, a decrease of 10.08% compared to the same period last year[50]. - Net profit attributable to shareholders was 397.67 million yuan, down 47.01% year-on-year[50]. - The net cash flow from operating activities was 46.76 million yuan, a significant decline of 99.76% year-on-year[50]. - The company reported a 100% decline in revenue from financing leasing business due to the transfer of equity in Shanghai Lisheng Financing Leasing Co., Ltd.[66]. - Revenue of Robojob NV decreased by 42.42% year-on-year, with a net profit decline of 209.00%, primarily due to the severe impact of the COVID-19 pandemic[93]. - Revenue of He Xin (Tianjin) International Commercial Factoring Co., Ltd. decreased by 13.09% year-on-year, and net profit decreased by 36.44%, also affected by the COVID-19 pandemic and strategic adjustments[93]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥5.93 billion, an increase of 3.19% from ¥5.75 billion at the end of the previous year[23]. - The company's cash and cash equivalents decreased by 34.67% compared to the beginning of the period, primarily due to the use of part of the initial guarantee for repaying due notes and bank loans[42]. - Long-term receivables decreased by 98.92% compared to the beginning of the period, mainly due to the transfer of equity in Shanghai Lisheng Financing Leasing Co., Ltd.[42]. - The company's total assets included ¥788,084,081.48 in inventory, representing 13.29% of total assets[68]. - Total assets increased to ¥5,931,019,620.15, up from ¥5,747,755,872.15, representing a growth of approximately 3.2% year-over-year[186]. - Total liabilities rose to ¥2,430,322,099.22, up from ¥2,136,302,736.82, indicating an increase of around 13.8%[183]. - Short-term borrowings increased significantly to ¥1,357,181,203.23 from ¥909,009,103.36, marking a rise of approximately 49.2%[183]. - The company's long-term investments in equity decreased to ¥1,671,641,258.31 from ¥1,767,641,259.31, a decline of about 5.4%[190]. Research and Development - The company has established a strong R&D framework, including a national key enterprise technology center and has received 24 national and provincial science and technology progress awards[44]. - The company’s R&D investment was 23,081.76 million yuan, a decrease of 28.52% compared to the previous year[60]. - The company successfully developed an intelligent self-recognition mask fully automated production line, supporting domestic mask manufacturers and exporting to Europe[54]. - The company is focusing on developing automation and intelligent equipment with proprietary intellectual property rights, particularly in industrial robotics[34]. - Research and development expenses were CNY 26,017,895.58, down 19.2% from CNY 32,159,675.01 in the first half of 2019[197]. Market and Industry Trends - The domestic tire equipment market is recovering, with expectations for a rebound in export proportions as international markets resume operations[41]. - The smart equipment manufacturing industry experienced a revenue decline of 32.10%, primarily due to the impact of COVID-19 on overseas subsidiaries[66]. - Revenue from overseas markets increased by 59.19%, while domestic revenue decreased by 34.73%[63]. - The automotive tire equipment industry reported revenue of ¥297,283,045.69, a year-on-year increase of 11.82%[63]. Risks and Challenges - The company faces risks related to the tire downstream industry, raw material price fluctuations, and high customer concentration[6]. - The company expects significant impacts on its operations and performance due to the ongoing COVID-19 pandemic, with uncertainties regarding the duration and control measures[99]. - The company is enhancing its risk management framework to address potential liquidity risks arising from customer defaults due to the pandemic[99]. - The company is facing risks related to high customer concentration, which could impact performance if major clients experience difficulties[95]. - The company has established long-term relationships with reputable suppliers to mitigate raw material price volatility risks[95]. Corporate Governance and Management - The company held its first extraordinary shareholders' meeting on January 20, 2020, with a participation rate of 23.77%[102]. - The company did not distribute cash dividends or issue bonus shares for the semi-annual period[102]. - The company appointed new senior management, including Mr. Wu Chaozhong as Chairman and Mr. Zheng Xuxu as President[133]. - The company’s independent directors were elected for a term of three years starting from the shareholders' meeting[133]. - The company’s management indicated a strategic focus on optimizing resource allocation and adjusting industrial layout[134]. Miscellaneous - The company has not disclosed any significant new product developments or market expansion strategies in the report[23]. - The company has not engaged in any major litigation or arbitration matters during the reporting period[108]. - The company has not implemented any employee incentive plans during the reporting period[110]. - The company has not conducted any significant related party transactions during the reporting period[111]. - The company has not provided any non-operating fund occupation by controlling shareholders or related parties[118].

Financial Performance - The company's operating revenue for Q1 2020 was ¥325,024,390.37, a decrease of 1.08% compared to ¥328,563,995.77 in the same period last year[9]. - The net profit attributable to shareholders was ¥6,408,732.69, down 6.67% from ¥6,866,966.39 year-on-year[9]. - The net profit after deducting non-recurring gains and losses was -¥1,473,160.98, a decline of 237.58% compared to ¥1,070,750.52 in the previous year[9]. - The basic earnings per share were ¥0.0029, down 6.45% from ¥0.0031 in the same period last year[9]. - The diluted earnings per share were also ¥0.0029, reflecting the same decrease of 6.45% compared to the previous year[9]. - Net profit for the current period was CNY 18,571,654.15, down 30.9% from CNY 26,907,638.45 in the previous period[63]. - The company recorded a total comprehensive income of CNY 15,524,950.45, down from CNY 16,272,695.64 in the previous period[66]. Cash Flow - The net cash flow from operating activities was ¥44,336,897.51, a significant drop of 75.62% from ¥181,866,473.37 in the same period last year[9]. - Cash inflow from operating activities totaled 339,114,115.03, down from 438,687,591.01 in the previous period[74]. - Cash outflow from operating activities was 294,777,217.52, compared to 256,821,117.64 in the previous period[74]. - The net cash flow from operating activities was -15,497,783.80 CNY, a significant decrease compared to 157,607,338.00 CNY in the previous period, indicating a decline in operational performance[81]. - The net cash flow from investing activities decreased by 409.51% compared to the previous period, primarily due to payments made by subsidiaries for commercial insurance business[23]. - The net cash flow from investing activities is -358,486,163.28, compared to a positive 115,824,459.93 in the previous period[74]. - The net cash flow from financing activities is 322,301,178.42, a significant improvement from -964,896,427.85 in the previous period[80]. Assets and Liabilities - The total assets at the end of the reporting period were ¥5,674,191,774.12, a decrease of 1.28% from ¥5,747,755,872.15 at the end of the previous year[9]. - The total liabilities increased from CNY 2,136,302,736.82 to CNY 2,182,677,992.22, marking a growth of approximately 2.17%[47]. - The company's total current liabilities increased from CNY 1,854,983,498.96 to CNY 1,906,980,073.90, reflecting a growth of approximately 2.8%[47]. - The balance of long-term payables at the end of the period increased by 1552.12%, primarily due to a subsidiary's subscription to all subordinate asset-backed securities of "Jianghai Securities - China Railway 10th Bureau - Henghe Credit Supply Chain Financial Phase 1"[23]. - The company's total liabilities amounted to 2,136,302,736.82 CNY, reflecting the financial obligations that need to be managed[91]. Shareholder Equity - The net assets attributable to shareholders were ¥3,074,060,488.14, showing a slight increase of 0.11% from ¥3,070,692,791.61 at the end of the previous year[9]. - The total equity attributable to shareholders increased slightly from CNY 3,070,692,791.61 to CNY 3,074,060,488.14, a growth of approximately 0.11%[50]. - The total equity of the company rose slightly to CNY 2,976,379,374.68 from CNY 2,968,091,073.87, an increase of 0.3%[57]. Operational Costs - Total operating costs increased to CNY 304,914,856.26, up from CNY 304,124,791.10, with operating costs specifically rising from CNY 219,889,687.43 to CNY 243,506,730.78, reflecting an increase of 10.7%[60]. - The company reported a decrease in research and development expenses from CNY 14,649,867.17 to CNY 13,030,259.48, a reduction of 11.0%[60]. - The cash paid for purchasing goods and services was 109,496,871.03 CNY, a significant rise from 33,834,186.41 CNY, indicating increased operational costs[81]. Investment Activities - The company received 99,000,000.00 CNY from investment recoveries, a substantial increase from 6,277,840.00 CNY in the previous period, highlighting successful investment strategies[81]. - The company reported a total of 348,139,045.06 CNY in cash outflows from investment activities, a sharp increase from 5,123,714.03 CNY, suggesting aggressive investment spending[84]. - Cash inflow from investment activities totaled 234,694,188.90 CNY, an increase from 187,105,259.42 CNY in the prior period, reflecting improved investment recovery[84]. Changes in Financial Position - The company's cash and cash equivalents decreased from CNY 225,989,081.23 to CNY 141,070,860.46, a decline of about 37.5%[51]. - The balance of trading financial assets at the end of the period decreased by 92.75%, attributed to a reduction in bank wealth management products held at the end of the period[23]. - The company's inventory increased marginally from CNY 551,666,317.98 to CNY 556,359,379.75, reflecting a growth of about 0.5%[51]. - The company's accounts receivable increased from CNY 284,302,728.94 to CNY 321,899,820.82, indicating a growth of about 13.3%[51]. Regulatory Changes - The company has implemented new revenue recognition standards starting from 2020, resulting in a reclassification of certain liabilities without affecting total assets or equity[96]. - The company has recognized contract liabilities of approximately 152 million due to the new revenue recognition standards[94].

Financial Performance - The company's operating revenue for 2019 was CNY 1,406,523,306.22, representing a slight increase of 0.32% compared to CNY 1,402,025,480.83 in 2018[23]. - The net profit attributable to shareholders of the listed company decreased by 61.65% to CNY 20,910,336.42 from CNY 54,520,988.88 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY -78,280,796.98, a significant decline of 1,811.68% compared to CNY 4,573,333.46 in 2018[23]. - The basic earnings per share dropped by 61.69% to CNY 0.0095 from CNY 0.0248 in 2018[23]. - The total assets at the end of 2019 were CNY 5,747,755,872.15, a decrease of 19.09% from CNY 7,104,313,007.56 at the end of 2018[23]. - The net cash flow from operating activities was CNY 448,419,078.55, a minor decrease of 0.20% compared to CNY 449,325,550.34 in the previous year[23]. - The weighted average return on net assets was 0.68%, down from 1.80% in 2018, indicating a decline in profitability[23]. Revenue Breakdown - Revenue from the automotive tire equipment sector decreased by 13.00% to CNY 664,932,456.02, down from CNY 764,322,485.95[57]. - Revenue from the modern services sector increased by 21.94% to CNY 459,046,987.20, compared to CNY 376,457,210.30 in the previous year[57]. - The company's foreign sales reached CNY 429,699,957.15, representing 30.55% of total revenue, an increase of 29.13% from the previous year[60]. - The company's domestic sales were CNY 976,823,349.07, accounting for 69.45% of total revenue, a decrease of 8.65% compared to the previous year[60]. Investment and R&D - The company applied for 20 patents and was granted 23 patents during the reporting period, including 3 invention patents and 1 PCT patent[55]. - Research and development expenses rose by 4.65% to ¥78,109,627.44, representing 5.68% of operating income[78]. - The company has made significant technological advancements with its "precision cast aluminum molds" and "no vent hole tire molds," which have received national invention patents[38]. - The company has achieved breakthroughs in the localization and industrialization of high-precision RV reducers, enhancing the competitiveness of its robotic products[40]. Cash Flow and Dividends - The company plans to distribute a cash dividend of CNY 0.01 per 10 shares, totaling CNY 21,993,956.70 based on the total share capital of 2,199,395,670 shares[7]. - The company reported a net profit attributable to ordinary shareholders of 20,910,336.42 yuan for the fiscal year 2019, with a cash dividend payout ratio of 10.52%[158]. - The company's cash dividend total for 2019 represents 100% of its distributable profit[161]. Risks and Challenges - The company faces various risks, including reliance on the tire industry, fluctuations in raw material prices, and high customer concentration[7]. - The company has faced challenges in the tire mold industry due to structural overcapacity and intensified competition, impacting the economic benefits of the high-precision aluminum alloy tire mold project[115]. - The ongoing COVID-19 pandemic poses significant uncertainties that may affect the company's operations and receivables recovery[151]. Corporate Governance and Compliance - The company has conducted multiple investor relations activities throughout the reporting period to enhance communication with stakeholders[154]. - The company has maintained its accounting firm, with audit fees amounting to CNY 900,000 for the current period[189]. - The company has strictly complied with regulations regarding the disclosure of fundraising usage, with no violations reported[125]. Subsidiaries and Structural Changes - The company established two new subsidiaries and reduced its scope by two subsidiaries during the reporting period[70]. - The company sold 100% of its stake in Guangdong Boxin Industrial Co., Ltd. for CNY 29 million, which is expected to optimize asset structure and improve working capital[133]. - The company has established international subsidiaries and partnerships, including investments in India, the US, and Europe, to enhance its global presence[147].

巨轮智能装备股份有限公司 2019 年第三季度报告全文 2019 年第三季度报告 证券简称：巨轮智能 证券代码：002031 1 2019 年 10 月 巨轮智能装备股份有限公司 2019 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。 公司负责人吴潮忠先生、主管会计工作负责人林瑞波先生及会计机构负责 人(会计主管人员)谢光喜先生声明：保证季度报告中财务报表的真实、准确、完 整。 2 巨轮智能装备股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|----------------- ...

Industry Dependence - The company reported a significant reliance on the tire industry, with its main products being radial tire molds and hydraulic tire curing machines, which are essential for tire production [7]. - The company is heavily reliant on the tire industry, which poses a risk to profitability if the industry experiences cyclical adjustments [114]. Financial Performance - The company's operating revenue for the reporting period was approximately CNY 645.34 million, a decrease of 2.71% compared to the same period last year [31]. - The net profit attributable to shareholders was approximately CNY 7.50 million, representing a significant decline of 75.75% year-over-year [31]. - The net profit after deducting non-recurring gains and losses was approximately CNY 1.14 million, down 93.46% from the previous year [31]. - The net cash flow from operating activities increased by 115.34% to approximately CNY 195.61 million [31]. - Total assets at the end of the reporting period were approximately CNY 6.17 billion, a decrease of 13.13% compared to the end of the previous year [31]. - The net assets attributable to shareholders were approximately CNY 3.06 billion, showing a slight increase of 0.16% from the previous year [31]. - The basic earnings per share were CNY 0.0034, down 75.89% year-over-year [31]. - The diluted earnings per share were also CNY 0.0034, reflecting the same percentage decrease [31]. - The weighted average return on equity was 0.25%, down from 1.02% in the previous year [31]. - The automotive tire equipment sector saw a revenue decline of 22.42%, contributing 41.20% to total revenue [64]. - The modern services sector experienced a revenue increase of 36.42%, accounting for 42.06% of total revenue [64]. Research and Development - The company plans to strengthen its research and development capabilities by collaborating with universities to address the risk of core technical personnel loss and technology leakage [14]. - The company aims to continuously update its technology and develop new products to enhance its core competitiveness [9]. - The company has a strong R&D team and holds multiple patents, which supports its ongoing innovation and product development [9]. - Research and development expenses rose by 22.13% to RMB 32.29 million, reflecting increased investment in innovation [61]. - The company holds 23 national invention patents and 78 utility model patents, showcasing its strong R&D capabilities [53]. International Expansion - The company has accelerated its international expansion, establishing subsidiaries in India, the US, and Europe, and has made acquisitions to enhance its global presence [11]. - The company has established subsidiaries in India, Europe, the United States, Germany, and Belgium, indicating a new trend of international development [53]. - The company is expanding its international presence with investments in subsidiaries across multiple countries, including India, the US, and Europe [117]. Risk Management - The company has established a long-term cooperative relationship with reputable suppliers to mitigate the impact of raw material price fluctuations, which have affected performance [10]. - The company is facing risks related to high customer concentration, which could impact performance if major clients experience adverse conditions [10]. - The company is actively managing foreign exchange risks due to its increasing international business, implementing appropriate risk management tools [14]. - The company plans to enhance its risk management framework as it ventures into commercial factoring and other financial services [121]. Shareholder and Dividend Policy - The company will not distribute cash dividends or issue bonus shares, focusing instead on reinvestment [16]. - The company’s first employee stock ownership plan from 2016 has been completed, with a lock-up period exceeding 12 months [133]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 110 million, with actual guarantees amounting to CNY 6.5 million [148]. - The actual guarantee amount accounted for 2.12% of the company's net assets [148]. Market Position and Recognition - The company maintains a leading position in the domestic market for tire molds and hydraulic vulcanizing machines, with a focus on developing automated and intelligent equipment centered around industrial robots [41]. - The company has achieved a significant expansion in its high-end customer base, passing strict audits from three Japanese clients in the first half of 2019 [57]. - The company has been recognized as a "key enterprise for mold exports" by the China Mold Industry Association, reflecting its competitive edge in the market [57]. - The company emphasizes brand building, with its trademark "Jiyang" recognized as a "famous trademark" in Guangdong Province [53]. Investment and Fund Management - The company has completed its annual order target for hydraulic vulcanizing machines ahead of schedule, ensuring a dominant position in the Southeast Asian market [57]. - The company has recognized a significant increase in investment cash flow, up 767.37% to RMB 183.65 million, due to reduced receivables [61]. - The total amount of funds raised was RMB 97,998.54 million, with RMB 4,388.44 million invested during the reporting period [81]. - Cumulative investment of raised funds reached RMB 90,224.30 million, with 43.74% of the funds having changed purpose [81]. - The company has allocated CNY 79,460,000.00 for increasing its stake in the German company OEGISO Machine Tool Co., Ltd. by December 31, 2018 [88]. Challenges and Adjustments - The company has faced challenges in the tire industry due to reduced demand and increased competition, impacting the economic benefits of the high-precision aluminum alloy tire mold project [92]. - The company has decided to terminate the industrial robot and intelligent production line project and reallocate the remaining funds to working capital [92]. - The company is focusing on strategic cooperation in talent and technology to develop high-end intelligent industries [92]. - The company has adjusted its business focus towards industrial robots and intelligent manufacturing solutions to adapt to market changes [58]. Compliance and Governance - The semi-annual financial report for 2019 has not been audited yet [127]. - The company reported no significant litigation or arbitration matters during the reporting period [129]. - There were no penalties or rectification situations reported for the company in the current period [130]. - The company did not engage in any significant related party transactions during the reporting period [134]. - The company has not conducted any repurchase transactions during the reporting period [163].

Financial Performance - The company's operating revenue for Q1 2019 was ¥328,563,995.77, representing a 25.00% increase compared to ¥262,841,706.96 in the same period last year[9] - The net profit attributable to shareholders decreased by 18.00% to ¥6,866,966.39 from ¥8,373,863.59 year-on-year[9] - The net profit after deducting non-recurring gains and losses increased by 103.71% to ¥1,070,750.52, compared to ¥525,629.72 in the previous year[9] - The basic earnings per share decreased by 18.42% to ¥0.0031 from ¥0.0038 year-on-year[9] - Net profit for the current period was ¥26,907,638.45, a decrease of 9% from ¥29,612,605.31 in the previous period[66] - The company reported a net loss of ¥10,458,993.56, compared to a net loss of ¥10,303,512.39 in the previous period[73] - The total comprehensive income for the current period was ¥16,272,695.64, compared to ¥21,105,181.67 in the previous period[69] Cash Flow - The net cash flow from operating activities surged by 1,099.59% to ¥181,866,473.37, up from ¥15,160,768.79 in the same period last year[9] - The net cash flow from operating activities was ¥181,866,473.37, a substantial increase from ¥15,160,768.79 in the previous period[80] - Net cash flow from operating activities was CNY 157,607,338.00, a significant improvement from a negative cash flow of CNY -21,517,203.54 in the previous period[86] - Cash inflow from investment activities totaled CNY 187,105,259.42, up from CNY 112,307,743.47, marking an increase of about 67%[86] - Net cash flow from investment activities was CNY 181,981,545.39, compared to CNY 35,661,901.69 in the previous period, indicating a substantial increase[86] - Total cash inflow from financing activities was CNY 483,468,866.18, compared to CNY 275,020,445.67, reflecting an increase of approximately 76%[89] - Net cash flow from financing activities was CNY -928,285,742.23, a decline from CNY 9,455,801.51 in the previous period[89] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,235,909,659.19, a decrease of 12.22% from ¥7,104,313,007.56 at the end of the previous year[9] - Total current assets decreased to ¥3,164,975,069.13 from ¥4,076,234,927.16, a decline of approximately 22.3% year-over-year[45] - Total liabilities decreased to ¥2,714,299,435.63 from ¥3,598,975,479.64, reflecting a decline of approximately 24.5%[51] - Current liabilities totaled ¥1,940,190,397.10, down from ¥2,721,311,076.13, indicating a reduction of approximately 29%[58] - The total liabilities decreased to ¥1,990,353,246.68 from ¥2,831,252,325.71, reflecting a decline of about 30%[58] - Total equity increased slightly to ¥3,521,610,223.56 from ¥3,505,337,527.92, a growth of approximately 0.5%[51] Operating Costs and Expenses - Operating costs increased by 40.08% year-on-year, mainly due to revenue growth and rising costs in some business areas[25] - Total operating costs amounted to ¥304,124,791.10, up from ¥236,137,557.11, reflecting a growth of approximately 29%[62] - Research and development expenses increased by 40.22% year-on-year, reflecting the company's increased investment in R&D[25] - Research and development expenses for the current period were ¥13,785,375.41, compared to ¥9,831,058.20 in the previous period, marking a rise of approximately 40%[62] - Operating cash inflow for the period was CNY 267,926,246.47, compared to CNY 134,608,305.43 in the previous period, representing an increase of approximately 99%[86] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 123,499[13] - The largest shareholder, Wu Chaozhong, holds 18.45% of the shares, amounting to 405,740,587 shares[13] Other Financial Metrics - The company reported non-operating income of ¥5,796,215.87 after tax, which includes government subsidies and other income[9] - The ending balance of cash and cash equivalents decreased by 68.43% compared to the beginning of the period, primarily due to the repayment of company bond principal and interest[25] - The ending balance of accounts receivable notes decreased by 90.69%, mainly because the company used acceptance bills to repay goods and discounted them[25] - Interest income decreased by 32.63% year-on-year, mainly due to the reduction in bank deposits following the repayment of company bond principal and interest[25] - The company recorded other income of ¥4,043,945.17, down from ¥8,462,322.35 in the previous period[70] - The company did not undergo an audit for the first quarter report[90]

Financial Performance - The company's operating revenue for 2018 was ¥1,402,025,480.83, representing a 21.41% increase compared to ¥1,154,800,320.98 in 2017[29]. - The net profit attributable to shareholders of the listed company for 2018 was ¥54,520,988.88, a decrease of 14.41% from ¥63,701,818.14 in 2017[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,573,333.46, down 66.80% from ¥13,773,101.02 in 2017[29]. - The net cash flow from operating activities increased by 25.19% to ¥449,325,550.34 from ¥358,915,519.92 in 2017[29]. - The total assets at the end of 2018 were ¥7,104,313,007.56, a 1.27% increase from ¥7,015,064,516.20 at the end of 2017[29]. - The net assets attributable to shareholders of the listed company increased by 1.69% to ¥3,056,945,027.43 from ¥3,006,144,228.75 at the end of 2017[29]. - The company reported a significant decrease in accounts receivable, with a year-end balance reduction of 36.15% compared to the beginning of the year, due to improved cash collection during the reporting period[43]. - The company reported a total distributable profit of 570,920,454.13 CNY for the year 2018, with the cash dividend amounting to 2,199,395.67 CNY, which is 100% of the profit distribution[151]. Dividend Distribution - The company reported a profit distribution plan to distribute a cash dividend of 0.01 RMB per 10 shares based on a total of 2,199,395,670 shares[13]. - The company distributed a cash dividend of 0.05 CNY per 10 shares for the year 2016, totaling 10,996,970.01 CNY[148]. - For the year 2017, the proposed cash dividend was 0.01 CNY per 10 shares, with a total of 2,199,387.18 CNY distributed, representing 3.45% of the net profit attributable to shareholders[148]. - In 2018, the proposed cash dividend remained at 0.01 CNY per 10 shares, with a total of 2,199,395.67 CNY, also accounting for 4.03% of the net profit attributable to shareholders[148]. - The company has maintained a stable cash dividend policy in accordance with its articles of association, ensuring the protection of minority shareholders' rights[148]. - The company has not made any adjustments to its cash dividend policy during the reporting period[148]. - The company’s independent directors have fulfilled their responsibilities in the decision-making process regarding profit distribution[148]. International Expansion - The company has established subsidiaries and joint ventures in multiple countries, including India, the USA, and Europe, indicating a strategic focus on international expansion[11]. - The company established subsidiaries in India, the USA, Germany, and Belgium, enhancing its international development[47]. - The company is expanding its international presence with investments in subsidiaries across India, Europe, and the US, as well as acquisitions, which may expose it to foreign economic and legal risks[141]. Risks and Challenges - The company faces risks related to its reliance on the tire industry, which directly impacts its profitability due to market demand fluctuations[6]. - The company has a high customer concentration risk, which could affect its performance if major clients experience adverse conditions[10]. - The company acknowledges the risk of raw material price fluctuations impacting its performance, particularly if prices rise significantly[10]. - The company is exposed to foreign exchange risks due to its expanding international business operations[11]. - The company is facing challenges in the tire mold industry due to structural overcapacity and intensified competition, impacting investor confidence and order volumes[111]. - The tire equipment industry is expected to face challenges in 2019 due to uncertainties from US-China trade tensions, slowing automotive production, rising operational costs, and increasing quality demands, with economic indicators predicted to remain stable[137]. Research and Development - The company emphasizes the importance of retaining core technical personnel to maintain its technological leadership and product innovation[10]. - The company has a strong research and development team, which is crucial for continuous innovation and maintaining competitive advantage[10]. - Research and development expenses increased by 55.53% year-on-year, totaling approximately 71.35 million yuan, reflecting the company's increased investment in R&D[78]. - The number of R&D personnel rose by 25.93% to 476, with R&D investment amounting to approximately 77.09 million yuan, representing 5.50% of operating revenue[79]. - The company has established a research and development center focusing on large-scale efficient intelligent equipment technology, responding to the "Made in China 2025" strategy and the Guangdong Province Industrial Transformation and Upgrade Action Plan[116]. Strategic Adjustments - The company has made strategic adjustments to its project locations and implementation plans to align with future development goals and market demands[112]. - The company aims to enhance its strategic cooperation with Germany in talent and technology to develop high-end intelligent industries[111]. - The company has made adjustments to the implementation locations of several fundraising investment projects to align with overall planning and land reserve needs, including the relocation of the Industrial Robot and Intelligent Automation Production Line Project[116]. - The company has undergone strategic changes in project implementation and funding allocation to optimize resource utilization and enhance operational efficiency[105]. Financial Management - The company has actively managed its idle fundraising capital, ensuring no funds were left uninvested as of the reporting period[106]. - The company has opened multiple fundraising accounts across different banks for specific projects, ensuring proper allocation and usage of raised funds[101][102]. - The company has not reported any violations regarding the storage, use, management, and disclosure of fundraising funds, ensuring compliance with relevant regulations[119]. - The company emphasizes the protection of shareholder and creditor rights through a sound governance structure and timely information disclosure[200]. - The company respects employee rights and provides a supportive work environment for employee growth[200].