浙江华峰氨纶股份有限公司 2018 年第三季度报告正文 证券代码：002064 证券简称：华峰氨纶 公告编号：2018-028 浙江华峰氨纶股份有限公司 2018 年 第三季度报告正文 1 浙江华峰氨纶股份有限公司 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。 公司负责人杨从登、主管会计工作负责人潘基础及会计机构负责人(会计主 管人员)孙洁声明：保证季度报告中财务报表的真实、准确、完整。 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） | 5,775,504,642.28 | | 5,562,088,442.38 | 3.84% | | 归属于上市公司股东的净资产 | 3,714,749,493.11 | | 3,400, ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥2,204,992,558.09, representing a 19.46% increase compared to ¥1,845,869,744.76 in the same period last year[18]. - The net profit attributable to shareholders was ¥248,132,193.59, up 28.88% from ¥192,532,955.99 in the previous year[18]. - The net cash flow from operating activities surged to ¥291,307,179.63, a significant increase of 2,649.81% compared to ¥10,593,724.11 in the same period last year[18]. - Basic earnings per share increased by 36.36% to ¥0.15 from ¥0.11 in the previous year[18]. - The company achieved a revenue of CNY 2.205 billion, representing a year-on-year growth of 19.46%[27]. - Net profit for the period was CNY 248 million, an increase of 28.88% compared to the previous year[27]. - Operating profit for the first half of 2018 was ¥294,208,469.70, up 30.5% from ¥225,517,517.46 in the previous year[128]. - The company reported a total operating cost of ¥1,925,457,359.78, which is a 17.7% increase from ¥1,635,487,393.83 in the previous year[128]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,463,716,418.72, a decrease of 1.77% from ¥5,562,088,442.38 at the end of the previous year[18]. - The company’s total liabilities amounted to ¥894,966,377.35, a decrease from ¥1,128,718,326.48 in the previous year[125]. - Total current assets decreased from CNY 2,445,009,137.71 to CNY 2,384,396,947.56, a decline of approximately 2.5%[119]. - Total liabilities decreased from CNY 2,162,025,339.02 to CNY 1,816,827,472.76, a reduction of approximately 15.9%[120]. - Short-term borrowings decreased from CNY 748,070,000.00 to CNY 461,500,000.00, a decline of about 38.3%[120]. - Long-term borrowings increased from CNY 125,300,000.00 to CNY 281,400,000.00, representing a growth of approximately 125%[120]. Shareholder Information - The company’s total share capital is 1,676,800,000 shares, with limited shares increasing from 138,109,386 to 143,106,912 shares[97]. - The largest shareholder, Huafeng Group Co., Ltd., holds 29.66% of the total shares, amounting to 497,360,000 shares[101]. - The number of ordinary shareholders at the end of the reporting period was 71,813[101]. - The company reported a decrease in unrestricted shares from 1,538,690,614 to 1,533,693,088 shares[97]. - The top ten unrestricted ordinary shareholders collectively hold 13,728,600 shares each for both the China Universal Fund and the Harvest Fund, indicating significant institutional investment[102]. Research and Development - Research and development expenses increased by 104.84% to CNY 75 million, reflecting enhanced investment in innovation[36]. - The company holds 87 valid patents, including 64 invention patents, indicating strong R&D capabilities[30]. Market and Operations - The company is one of the largest producers of spandex in China, with a focus on high-quality production and technology[27]. - The company has established nine offices across various regions to enhance sales and customer service[27]. - The company is actively pursuing international expansion and project development to strengthen its competitive advantage[34]. - The industry is experiencing a supply-demand imbalance, with a trend towards increased concentration among larger manufacturers[27]. - The company has implemented modern data analysis systems to optimize production costs and improve management efficiency[30]. Cash Flow and Investments - The company reported a net cash increase of ¥60,808,601.34, a significant improvement of 367.07% compared to a decrease of ¥22,768,416.76 in the prior period[38]. - Investment income for the period was ¥14,481,322.63, accounting for 4.92% of total profit[40]. - The company invested ¥24,000,000 during the reporting period, a 60% increase from ¥15,000,000 in the same period last year[42]. Environmental and Compliance - The company has implemented wastewater treatment systems that recycle treated water for production, adhering to pollution control standards[87]. - The company has installed online monitoring equipment for boiler emissions, ensuring compliance with environmental regulations[87]. - The company has prepared an emergency response plan for environmental incidents, which was revised and filed with the local environmental protection bureau[88]. - The company has committed to fair pricing in related party transactions to avoid harming the interests of both parties[66]. Corporate Governance - The company is committed to avoiding competition with its parent company and has made various commitments to ensure compliance and risk management[64]. - The company’s board of directors saw changes with the election of new members on May 15, 2018, including Yu Feihuang and Zhao Min[111]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[74]. - The half-year financial report has not been audited[67]. Future Outlook - The company anticipates an increase in product sales compared to the same period last year, although there are uncertainties due to price fluctuations[56]. - The company plans to enhance its product layout and market service capabilities while accelerating product research and innovation to improve profitability[57].

Financial Performance - The company's operating revenue for Q1 2018 was ¥999,901,651.17, representing a 2.31% increase compared to ¥977,315,378.22 in the same period last year[8] - Net profit attributable to shareholders for Q1 2018 was ¥110,379,009.23, up 12.20% from ¥98,381,254.41 in the previous year[8] - The net cash flow from operating activities improved significantly to ¥58,247,977.81, a 152.10% increase from a negative cash flow of ¥111,809,337.23 in the same period last year[8] - Basic earnings per share for Q1 2018 increased to ¥0.07, a rise of 16.67% from ¥0.06 in the previous year[8] - The expected net profit attributable to shareholders for the first half of 2018 is projected to be between ¥19,260,000 and ¥23,000,000, reflecting a change of 0.03% to 19.46% compared to the same period in 2017[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,519,344,322.32, a decrease of 0.77% from ¥5,562,088,442.38 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥3,509,874,623.10, reflecting a growth of 3.23% from ¥3,400,063,103.36 at the end of the previous year[8] - Other current assets decreased by 47.46% to ¥41,190,098.80 due to a reduction in unreimbursed input tax[15] - Notes payable decreased by 97.11% to ¥6,176,230.59 as a result of a decrease in supplier notes[15] - Long-term borrowings increased by 135.67% to ¥295,300,000.00[15] - Asset impairment losses surged by 1118.75% to ¥8,361,388.68 due to an increase in bad debt provisions for accounts receivable[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,396[11] - The largest shareholder, Huafeng Group Co., Ltd., held 29.66% of the shares, amounting to 497,360,000 shares[11] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[12] Corporate Governance - The company has no violations regarding external guarantees during the reporting period[22] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[23] - The company has not engaged in any research, communication, or interview activities during the reporting period[24] Future Outlook - The company plans to invest in a differentiated spandex project with a capacity of 90,000 tons per year, implemented in two phases of 45,000 tons each[16] - The company is experiencing uncertainties due to price fluctuations, but product sales are expected to increase compared to the previous year[21] Non-Recurring Items - The company reported non-recurring gains and losses totaling -¥76,691.31 for the period[9]

Financial Performance - The company's operating revenue for 2017 was CNY 4,149,684,213.89, representing a 45.90% increase compared to CNY 2,844,228,368.43 in 2016[17]. - The net profit attributable to shareholders in 2017 was CNY 385,495,562.21, a significant turnaround from a loss of CNY 303,808,772.91 in 2016, marking a 226.89% increase[17]. - The net profit after deducting non-recurring gains and losses was CNY 348,782,812.16, compared to a loss of CNY 317,757,873.38 in the previous year, reflecting a 209.76% increase[17]. - The basic earnings per share for 2017 was CNY 0.23, a recovery from a loss of CNY 0.18 in 2016, indicating a 227.78% improvement[17]. - The total assets at the end of 2017 were CNY 5,562,088,442.38, which is a 3.25% increase from CNY 5,387,121,769.77 at the end of 2016[17]. - The net assets attributable to shareholders increased by 12.75% to CNY 3,400,063,103.36 at the end of 2017, up from CNY 3,015,584,393.03 in 2016[17]. - The weighted average return on equity for 2017 was 12.02%, a significant increase from -9.53% in 2016, reflecting a 21.55% improvement[17]. - The company reported a quarterly revenue of CNY 1,188,500,832.65 in Q3 2017, which was the highest among the four quarters[21]. - In 2017, the company achieved a main business revenue of 4.138 billion yuan, representing a year-on-year growth of 46.05%[27]. - The gross profit margin for spandex products improved to 20.46%, up by 3.24% from the previous year[40]. Cash Flow and Investments - The net cash flow from operating activities decreased by 42.17% to CNY 355,594,911.92 in 2017, down from CNY 614,851,204.35 in 2016[17]. - Operating cash inflow totaled CNY 2,606,787,579.72, a 33.91% increase year-on-year, while operating cash outflow increased by 69.02% to CNY 2,251,192,667.80[50]. - The company reported a significant increase in inventory, which rose to CNY 615,278,872.1, up from CNY 550,112,730.12, reflecting a 0.85% increase in total asset composition[53]. - The total investment amount for the reporting period was CNY 32,000,000, a decrease of 20.00% compared to the previous year[55]. - Cash flow from financing activities showed a net outflow of CNY 361,722,382.36, a 110.71% increase in outflow compared to the previous year[51]. Market Position and Strategy - The company’s market share has improved, with an overall gross margin higher than major competitors, enhancing its competitive advantage[27]. - The company is focusing on product differentiation, with new products like super durable chlorinated spandex and high-temperature resistant black spandex successfully implemented[47]. - The company aims to transform its profit model from scale and cost advantages to quality and brand value, focusing on high-quality development[65]. - The company plans to enhance product quality and stability, aiming to increase profitability through improved market services and marketing capabilities[66]. - The company anticipates a supply-demand imbalance in the spandex market in 2018, with increased supply from large manufacturers leading to a competitive landscape[64]. Research and Development - Research and development investment significantly increased, with 215 R&D personnel, a 25.73% rise from 171 in 2016[48]. - R&D investment amounted to CNY 128,207,478.17, representing a 101.90% increase compared to the previous year, and accounted for 3.09% of total revenue[49]. - The company aims to enhance its technological leadership and product quality through increased R&D efforts, targeting high-end product development as a new growth point[47]. Corporate Governance and Compliance - The company has maintained a continuous relationship with its accounting firm, Lixin CPA, for 15 years, with an audit fee of CNY 1 million for the current period[85]. - There were no significant accounting errors that required restatement during the reporting period[83]. - The company has committed to minimizing related party transactions and ensuring fairness in necessary transactions[79]. - The company has established a strategic committee to review and provide opinions on significant strategic proposals[158]. - The audit opinion on the financial statements was a standard unqualified opinion, confirming fair representation of the company's financial status as of December 31, 2017[168]. Environmental and Social Responsibility - The company is actively engaged in social responsibility, focusing on environmental protection and sustainable development[105]. - The company emitted 331.23 tons of sulfur dioxide and 289.12 tons of nitrogen oxides in the reporting period, with no exceedances of the pollution discharge standards[107]. - The company has established wastewater treatment facilities that utilize an "anaerobic + biological contact oxidation" process, allowing for the recycling of treated wastewater[108]. Shareholder Information - The total number of shares after the recent changes is 1,676,800,000, with a total shareholding structure of 100%[115]. - The largest shareholder, Huafeng Group Co., Ltd., holds 29.66% of the shares, totaling 497,360,000 shares[121]. - The company reported a total of 161,637,042 restricted shares at the beginning of the period, with no new restricted shares added during the reporting period[119]. - The company has no plans for new securities issuance or changes in asset and liability structure during the reporting period[120]. Future Outlook - Future outlook includes plans for market expansion and the introduction of new products, aiming for a revenue increase of 15% in 2018[137]. - The company plans to increase its marketing budget by 20% to boost brand awareness and customer engagement[137]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[137].

Financial Performance - Operating revenue for the reporting period was ¥1,188,500,832.65, representing a 62.09% increase compared to the same period last year[7] - Net profit attributable to shareholders of the listed company was ¥88,230,784.47, up 71.15% year-on-year[7] - Basic earnings per share for the reporting period was ¥0.05, a 66.67% increase compared to the same period last year[7] - Total operating revenue rose by 54.99% to $3.03 billion, driven by increased sales volume and higher selling prices[16] - Net profit increased by 177.63% to $280.76 million, reflecting the growth in total profit[17] - The company expects a net profit for 2017 to be between 35,000 and 40,000 thousand yuan, compared to a net loss of 30,380.88 thousand yuan in 2016[24] - The turnaround in performance is attributed to the significant increase in production capacity and sales volume compared to the previous year[24] - The sales price of spandex has risen compared to the same period last year, contributing to the improved profitability[24] Assets and Shareholder Information - Total assets at the end of the reporting period reached ¥5,466,752,305, an increase of 1.48% compared to the end of the previous year[7] - Net assets attributable to shareholders of the listed company amounted to ¥3,295,864,670.30, reflecting a growth of 9.29% year-on-year[7] - The total number of ordinary shareholders at the end of the reporting period was 81,889[11] - The top shareholder, Huafeng Group Co., Ltd., held 29.66% of the shares, totaling 497,360,000 shares[11] Cash Flow and Receivables - The net cash flow from operating activities was ¥201,255,419.25, down 16.55% compared to the same period last year[7] - Accounts receivable increased by 49.90% to $641.94 million due to higher sales volume[16] - Other receivables increased significantly by 513.93% to $10.16 million, indicating a rise in temporary loans[16] - Prepayments decreased by 56.04% to $29.14 million, reflecting a reduction in procurement prepayments[16] Taxation and Expenses - The company reported a 206.22% increase in income tax expenses to $48.81 million, correlating with the rise in total profit[16] - The company experienced a 93.34% increase in taxes payable, amounting to $32.70 million, due to higher corporate income tax and VAT[16] Investments and Future Plans - The company plans to invest in a 90,000t/a differentiated spandex project, currently in the preliminary research and environmental assessment phase[18] Legal and Operational Risks - The company is currently involved in arbitration cases related to its subsidiaries, which may impact future operations[18] Non-Recurring Gains and Losses - The company reported no significant changes in non-recurring gains and losses during the reporting period[9]