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].

巨轮智能装备股份有限公司 2018 年第三季度报告正文 证券代码：002031 证券简称：巨轮智能 公告编号：2018-058 巨轮智能装备股份有限公司 2018 年第三季度报告正文 1 巨轮智能装备股份有限公司 2018 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)谢金明先生声明：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 2018 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） | 7,030,544,186.16 | 7,015,064,516.20 | | 0.22% ...

Industry Focus - 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 manufacturing [5]. - The company is heavily reliant on the tire industry, with its main products being radial tire molds and hydraulic tire vulcanizers, which are essential for tire production [74]. - The company's main business has not changed during the reporting period, maintaining its focus on the tire industry and machinery processing [194]. Financial Performance - The company's operating revenue for the reporting period was ¥663,305,990.02, representing a 31.97% increase compared to ¥502,629,118.41 in the same period last year [20]. - The net profit attributable to shareholders was ¥30,942,574.53, a 5.21% increase from ¥29,410,869.39 year-on-year [20]. - The net profit after deducting non-recurring gains and losses surged by 5,197.31% to ¥17,374,401.71 from ¥327,985.06 in the previous year [20]. - The net cash flow from operating activities decreased by 35.69% to ¥90,838,821.63, down from ¥141,249,212.14 [20]. - The company's total assets at the end of the reporting period were ¥6,827,643,676.62, a decrease of 2.67% from ¥7,015,064,516.20 at the end of the previous year [20]. - The company's net assets attributable to shareholders increased by 0.66% to ¥3,025,947,837.28 from ¥3,006,144,228.75 [20]. - The company reported a total of 147,854,737.19 CNY in undistributed profits, reflecting its retained earnings [186]. - The total owner's equity decreased by 10,996,970.01 CNY during the period, highlighting challenges in financial performance [182]. International Expansion - The company has established a strong international presence, with investments in subsidiaries and partnerships in India, the US, Europe, and other regions, aiming to mitigate risks associated with overseas operations [7]. - The company has established subsidiaries in India, Europe, the United States, Germany, and Belgium, indicating a new trend in international development [31]. - The company is expanding internationally, having established subsidiaries and partnerships in multiple countries, including India, the US, and Belgium, which introduces operational risks due to differing legal and business environments [77]. Risk Management - The company has a high customer concentration risk, which could impact performance if major clients face adverse conditions without new client acquisition [6]. - The company is exposed to raw material price fluctuations, which can affect product costs and overall performance, despite efforts to stabilize supplier relationships [6]. - The company is actively managing foreign exchange risks due to its expanding international business, implementing appropriate risk management tools [9]. - The company is exploring commercial factoring and other financial services, which may introduce various risks, including market and credit risks [9]. - The company has established long-term relationships with reputable suppliers to mitigate the risk of raw material price fluctuations, which can impact product costs and sales [75]. Corporate Governance - The company reported that all board members attended the meeting to review the report, ensuring accountability for the accuracy and completeness of the financial statements [4]. - The company has a structured governance framework, with the shareholders' meeting as the authority for major decisions such as investment and profit distribution [195]. - The board of directors is responsible for major operational decisions, while the management team implements the resolutions of the shareholders' meeting and board [195]. Research and Development - The company plans to enhance its core competitiveness by continuously updating its technology and developing new products to meet market demands [6]. - The company’s R&D investment increased by 11.53% to CNY 25.26 million [39]. - The company has achieved significant breakthroughs in the research and industrialization of high-precision RV reducers, which are core components of robots [194]. - The company has developed and produced various six-degree-of-freedom lightweight robots and four-degree-of-freedom heavy-duty robots, targeting the tire and machining industries [194]. Shareholder Information - The largest shareholder, Wu Chaozhong, holds 18.24% of the company's shares, serving as the actual controller [195]. - The number of shareholders holding more than 5% of ordinary shares includes Wu Chaozhong with 18.24% and Hong Huiping with 10.08% [120]. - The company reported a total of 116,596 ordinary shareholders at the end of the reporting period [120]. Cash Management - Cash and cash equivalents decreased by 23.54% to CNY -224.05 million [39]. - The company plans to use up to RMB 200 million of temporarily idle raised funds for cash management, investing in low-risk financial products [65]. - The company has not used idle raised funds to supplement working capital during the reporting period [65]. Compliance and Regulations - The company has strictly complied with regulations regarding the disclosure of raised funds usage, with no violations reported [65]. - The company has not reported any significant litigation or arbitration matters during the reporting period [89]. - There were no penalties or rectification situations reported by the company in the reporting period [90].

巨轮智能装备股份有限公司 2018 年第一季度报告正文 证券代码：002031 证券简称：巨轮智能 公告编号：2018-032 巨轮智能装备股份有限公司 2018 年第一季度报告正文 1 巨轮智能装备股份有限公司 2018 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)谢金明先生声明：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 2018 年第一季度报告正文 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 262,841,706.96 | 175,329,568.47 | 49.91% | | 归属于上市公司股东 ...

Financial Performance - The company's operating revenue for 2017 was ¥1,154,800,320.98, representing a 41.18% increase compared to ¥817,939,813.49 in 2016[18]. - The net profit attributable to shareholders for 2017 was ¥63,701,818.14, a significant increase of 101.93% from ¥31,546,629.06 in 2016[18]. - The net profit after deducting non-recurring gains and losses was ¥13,773,101.02, recovering from a loss of ¥19,444,090.87 in 2016, marking a 170.83% improvement[18]. - The net cash flow from operating activities reached ¥358,915,519.92, up 48.99% from ¥240,897,851.10 in 2016[18]. - The total assets at the end of 2017 were ¥7,015,064,516.20, an increase of 47.51% from ¥4,755,657,470.31 at the end of 2016[18]. - The company's equity attributable to shareholders rose to 3,006.14 million CNY, a slight increase of 1.96% year-on-year[36]. - The company's fixed assets increased by 30.92% year-on-year, primarily due to the completion of non-public fundraising projects[31]. - The company's net profit attributable to the parent company for 2017 was 110.04 million RMB, exceeding the commitment profit of 108 million RMB for the same year[104]. Investment and Expansion - The company has invested in multiple overseas subsidiaries, including Greatoo India, Greatoo International, and Greatoo USA, indicating a strategic push for international expansion[6]. - The company established a wholly-owned subsidiary in Belgium to enhance international technical collaboration and expand into the European market[37]. - The company added 8 subsidiaries during the reporting period, including acquiring 51% of He Xin (Tianjin) International Commercial Factoring Co., Ltd. for a total price of CNY 556,920,000[51]. - The company is actively expanding its financial services, including commercial factoring, to tap into broader market opportunities[91]. - The company has completed significant equity investments, including a 51% stake in a commercial factoring company and an 80.01% stake in a CNC machine tool group[70]. Research and Development - The company emphasizes the importance of retaining core technical personnel to maintain its competitive edge in technology and innovation[7]. - The company has a strong research and development team, which is crucial for continuous product innovation and maintaining technological leadership[7]. - R&D investment amounted to CNY 51,208,557.67, a 29.62% increase from the previous year, with R&D personnel increasing by 12.84% to 378[56]. - The capitalized R&D investment increased significantly by 2,168.75% to CNY 5,491,700.76, primarily due to the overseas subsidiary Robojob's R&D activities[56]. - The company is focusing on technological innovation and upgrading its production processes to enhance competitiveness in the automotive tire equipment industry[28]. Market Risks - The company faces risks related to its reliance on the tire industry, as its main products are essential for tire manufacturing, making its performance closely tied to the industry's health[5]. - The company has a high customer concentration risk, which could affect its performance if major clients face operational difficulties[5]. - The company has experienced fluctuations in raw material prices, which can impact its profitability if costs rise significantly[5]. - The company has reported an increase in international business, which exposes it to currency exchange rate risks[7]. - The company is facing significant challenges due to the tightening of bank funding for the tire industry, leading to a severe shortage of orders in the rubber machinery sector[80]. Profit 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[8]. - The total number of shares for the 2017 dividend distribution was 2,199,395,670 shares, with a cash dividend payout ratio of 100%[100]. - The company has consistently adhered to its cash dividend policy, ensuring the protection of minority shareholders' rights[96]. - The company reported a net profit attributable to shareholders of 63,701,818.14 yuan for 2017, with cash dividends representing 3.45% of this amount[99]. - The company has maintained a commitment to return value to shareholders through dividends while ensuring sustainable development[96]. Corporate Governance - The company has established a comprehensive governance structure, ensuring accurate and timely information disclosure to protect shareholder and creditor rights[134]. - The company has maintained its accounting firm, Xinyong Zhonghe, for 7 consecutive years, with an audit fee of 850,000 RMB for the current period[112][113]. - The company did not face any major litigation or arbitration matters during the reporting period[114]. - The company has established a performance evaluation system for senior management, linking their performance directly to the achievement of operational goals[185]. - The company’s audit committee evaluated the annual audit work and submitted decisions for the reappointment of the audit firm[182]. Employee and Social Responsibility - Employee welfare is prioritized, with all employees signing labor contracts and a performance evaluation system in place, ensuring fair treatment in wages and benefits[134]. - The company is actively involved in social responsibility initiatives, including educational donations and poverty alleviation efforts[135]. - The company has not yet initiated targeted poverty alleviation programs and has no plans for such initiatives in the near future[136]. - The total number of employees in the company is 2,627, with 2,134 in the parent company and 493 in major subsidiaries[168]. - The professional composition includes 1,860 production personnel, 406 technical personnel, 81 sales personnel, 35 financial personnel, and 245 administrative personnel[169].

Financial Performance - Operating revenue for the period reached CNY 311,731,429.70, a 106.10% increase year-on-year[8] - Net profit attributable to shareholders was CNY 10,508,053.18, up 52.36% from the same period last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 335.51% to CNY 13,956,669.25[8] - Basic earnings per share rose by 54.84% to CNY 0.0048[8] - The company's operating revenue increased by 54.69% compared to the previous period, driven by growth in smart equipment manufacturing, financing leasing, and factoring businesses[16] - The net profit attributable to the parent company increased by 49.19% compared to the previous period, mainly due to the growth in operating revenue[17] - Total operating revenue for the third quarter reached CNY 311.73 million, a significant increase from CNY 151.25 million in the same period last year[38] - Net profit for the period was CNY 22.52 million, compared to CNY 11.74 million in the previous year, representing an increase of approximately 91.5%[39] - The company's total operating revenue for the current period reached ¥814,360,548.11, a significant increase of 54.6% compared to ¥526,445,116.97 in the previous period[45] - The net profit for the current period was ¥85,290,057.86, compared to ¥34,421,921.31 in the previous period, representing an increase of 147.5%[47] - The profit attributable to the parent company's shareholders was ¥39,918,922.57, up from ¥26,757,860.70, marking a growth of 49.1%[47] - The company reported a total comprehensive income of ¥90,766,461.39, compared to ¥37,990,018.11 in the previous period, reflecting a growth of 138.0%[48] Assets and Liabilities - Total assets increased by 43.40% to CNY 6,819,697,630.03 compared to the end of the previous year[8] - The balance of short-term borrowings at the end of the period was 116,200 million yuan, up from 0 yuan at the beginning of the year, due to increased bank and trust borrowings for business development[16] - The balance of goodwill at the end of the period increased by 15,989.07%, primarily due to the inclusion of newly acquired subsidiaries under non-same control mergers[16] - The balance of other receivables increased by 120.44% compared to the beginning of the year, mainly due to an increase in receivable export tax refunds[16] - The balance of non-current assets due within one year increased by 108.70%, mainly due to growth in the subsidiary's financing leasing business[16] - The total assets reached 6.82 billion yuan, compared to 4.76 billion yuan at the start of the year[31] - The total liabilities amounted to 3.47 billion yuan, an increase from 1.68 billion yuan[32] - The company's total liabilities rose to CNY 2.41 billion, compared to CNY 1.58 billion at the start of the period, indicating an increase of approximately 52.3%[36] Cash Flow - Cash flow from operating activities decreased by 84.88% to CNY 12,587,085.40 compared to the previous year[8] - The company's cash flow from financing activities increased by 859.49% compared to the previous period, driven by increased external borrowings[17] - The cash inflow from operating activities totaled 850,612,557.05 CNY, an increase from 644,873,645.52 CNY in the previous year[54] - The net cash flow from operating activities was 153,836,297.54 CNY, a decrease from 200,516,009.21 CNY in the same quarter last year[54] - Cash outflow from investment activities was 7,682,458,073.56 CNY, compared to 3,828,399,614.79 CNY in the previous year, resulting in a net cash flow of -1,438,176,929.33 CNY[55] - The company raised 1,295,217,600.00 CNY through borrowings during the quarter, a significant increase from 60,000,000.00 CNY in the same period last year[55] - The company reported a cash flow from financing activities of 1,110,160,792.07 CNY, compared to 115,703,142.92 CNY in the previous year[55] - The cash inflow from financing activities was 960,122,837.60 CNY, compared to 1,229,696,305.45 CNY in the previous period, indicating a decline in new financing raised[57] - The company paid 75,000,000.00 CNY in debt repayment during the quarter, a significant decrease from 918,000,000.00 CNY in the previous period, suggesting a strategic reduction in debt obligations[57] Shareholder Information - The company reported a total of 125,275 common shareholders at the end of the reporting period[12] - The largest shareholder, Wu Chaozhong, holds 18.24% of the shares, with 401,113,587 shares pledged[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] - The company has conducted multiple investor relations activities, including site visits on August 2 and August 31, 2017[27] - The company has committed to avoiding competition with peers and has strictly adhered to this commitment[23] Other Financial Metrics - The weighted average return on equity increased by 0.12 percentage points to 0.35%[8] - The company's financial expenses increased by 54.52%, attributed to increased external borrowings and foreign exchange losses due to currency fluctuations[17] - The gross profit margin for the quarter was approximately 29.0%, compared to 34.5% in the previous year, indicating a decline in profitability[39] - The total operating expenses increased to ¥752,836,945.70, with significant rises in sales expenses (up 107.5% to ¥28,808,558.11) and management expenses (up 35.5% to ¥111,482,392.94) compared to the previous period[45] - The company recorded a total asset impairment loss of ¥8,637,391.49, compared to a gain of ¥127,727.01 in the previous period, indicating a significant shift in asset valuation[45] Audit and Compliance - The company did not undergo an audit for the third quarter report, which may affect the reliability of the financial data presented[58]