Financial Performance - The company's operating revenue for the first half of 2019 was RMB 3,629,379,108.42, representing a 33.28% increase compared to RMB 2,723,152,332.60 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was RMB 316,154,728.93, a 5.55% increase from RMB 299,527,372.34 in the previous year[14]. - The basic earnings per share for the reporting period was RMB 0.2934, a 3.46% increase from RMB 0.2836 in the previous year[14]. - Operating profit was RMB 376.85 million, a decrease of 8.80% year-on-year, while net profit attributable to shareholders rose by 5.55% to RMB 316.15 million[31]. - The total comprehensive income for the first half of 2019 was CNY 354,206,251.38, up from CNY 326,239,010.28 in the previous year, reflecting an increase of 8.6%[130]. - The net profit for the first half of 2019 was CNY 321,113,891.68, slightly up from CNY 316,305,658.02 in the previous year, reflecting a growth of 1.3%[129]. - The company reported a net profit attributable to shareholders of approximately RMB -52.80 million, indicating a loss compared to the previous period[158]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 65.13% to RMB 93,128,887.04, down from RMB 267,043,130.03 in the same period last year[14]. - Cash and cash equivalents increased by 510.42% to RMB 245.40 million, indicating improved liquidity[35]. - The ending balance of cash and cash equivalents was CNY 1.09 billion, up from CNY 680.31 million at the end of the first half of 2018, indicating an increase of approximately 60.56%[139]. - Cash inflow from operating activities reached CNY 3.26 billion, compared to CNY 2.33 billion in the first half of 2018, marking an increase of approximately 39.93%[136]. - Cash outflow from operating activities totaled CNY 3.16 billion, up from CNY 2.07 billion in the same period last year, reflecting an increase of about 53.06%[138]. - The company reported a significant increase in cash and cash equivalents, reflecting improved liquidity management strategies[143]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 15,352,895,977.02, an increase of 7.46% from RMB 14,287,399,064.97 at the end of the previous year[14]. - The company's total assets reached RMB 1,535.29 million, a 7.46% increase compared to the end of the previous year[31]. - Total liabilities reached CNY 10.46 billion, up from CNY 9.35 billion, indicating a growth of 11.87%[121]. - The company's total assets at the end of the reporting period were approximately 2,604,000,000 CNY, indicating a robust asset base[155]. - The company's inventory increased to ¥2,546,583,200, representing 16.59% of total assets, up from 15.60% in the previous year[42]. Research and Development - Research and development investment increased by 102.64% to RMB 123.28 million, reflecting a commitment to innovation[35]. - Research and development expenses rose by 104.23% to ¥80,992,989.50, reflecting a focus on new product development[39]. - Research and development expenses for new products and technologies reached 4.75 million yuan, reflecting a commitment to innovation[148]. Strategic Initiatives - The company plans to focus on equipment manufacturing and has made substantial progress in special equipment and aviation equipment sectors[22]. - The company plans to implement a "one body, two wings" strategy to strengthen its competitiveness in the equipment manufacturing sector[32]. - The company has initiated a strategic acquisition of a local competitor, expected to enhance its operational capabilities and market reach[150]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% increase in market share by the end of 2020[150]. Shareholder Information - The company did not plan to distribute cash dividends or issue bonus shares for this period[5]. - The company issued 32,040,000 restricted stock units at a price of CNY 2.97 per share, representing 3.03% of the total share capital before issuance[94]. - The total number of ordinary shareholders at the end of the reporting period was 71,609[100]. - The largest shareholder, He Qinghua, holds 18.04% of the shares, amounting to 196,321,375 shares[101]. Risks and Challenges - The company faced significant risks due to domestic economic slowdown, rising raw material prices, credit risks, and global trade tensions, with strategies in place to mitigate these risks[61]. - The company did not encounter any significant changes in project feasibility or major changes in investment progress[53]. Compliance and Governance - The half-year financial report was not audited[67]. - The financial report was approved by the board of directors on August 27, 2019, ensuring compliance with regulatory requirements[164]. - The company has not reported any legal disputes related to its investments[52].

Financial Performance - The company's operating revenue for Q1 2019 was ¥1,650,676,414.87, representing a 37.10% increase compared to ¥1,204,008,982.79 in the same period last year[9] - The net profit attributable to shareholders was ¥157,919,428.36, up 42.50% from ¥110,819,868.49 year-on-year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥150,915,159.69, a 39.73% increase from ¥108,007,822.73 in the previous year[9] - The basic earnings per share for the period was ¥0.1466, reflecting a 39.75% increase compared to ¥0.1049 in the same period last year[9] - The weighted average return on equity was 3.31%, up from 2.55% in the previous year, an increase of 0.76%[9] - Total operating revenue for the current period reached ¥1,650,676,414.87, a 37.1% increase from ¥1,204,008,982.79 in the previous period[53] - Net profit for the current period was ¥165,324,522.01, representing a 41.5% increase compared to ¥116,795,839.87 in the previous period[56] - Total comprehensive income reached ¥148,315,591.22, compared to ¥112,618,636.79 in the previous period, indicating a significant increase[68] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,091,388,473.09, a 5.63% increase from ¥14,287,399,064.97 at the end of the previous year[9] - Total liabilities increased to ¥9,913,912,951.15, up from ¥9,350,506,691.81, representing a growth of approximately 6%[39] - Total equity rose to ¥5,177,475,521.94, compared to ¥4,936,892,373.16, indicating an increase of about 4.9%[42] - Current assets totaled ¥7,206,515,226.87, up from ¥6,321,652,755.53, reflecting a growth of approximately 14%[46] - The total assets of the company amounted to ¥15,091,388,473.09, up from ¥14,287,399,064.97, indicating an increase of approximately 5.6%[42] Cash Flow - The net cash flow from operating activities was -¥94,717,154.44, a decrease of 296.71% compared to ¥48,151,188.74 in the same period last year[9] - Cash inflow from operating activities totaled ¥1,421,854,848.31, up from ¥882,674,153.87 year-over-year[73] - Cash outflow for operating activities was ¥1,516,572,002.75, compared to ¥834,522,965.13 in the previous period, reflecting increased operational costs[73] - Cash flow from investing activities resulted in a net outflow of ¥25,411,712.42, down from a net inflow of ¥2,128,224.51 in the prior period[75] - Cash flow from financing activities generated a net inflow of ¥101,285,081.24, compared to ¥200,139,040.36 in the previous period[75] Shareholder Information - The company had a total of 74,205 common shareholders at the end of the reporting period[13] - The largest shareholder, He Qinghua, held 24.06% of the shares, with a total of 261,761,833 shares[13] Expenses - Operating costs rose to ¥1,145,025,028.22, reflecting a 45.11% increase due to higher sales volume[23] - Sales expenses increased by 94.07% to ¥90,747,756.65, primarily driven by increased commissions and marketing costs[23] - Development expenditures grew by 56.71% to ¥62,147,985.96, mainly due to increased investment in new product development[23] - Research and development expenses amounted to ¥32,638,519.87, a 23.5% increase from ¥26,403,150.62 in the previous period[53] Financial Standards and Audit - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[84] - The company has adopted new financial instrument and revenue recognition standards, impacting the financial statements[82]

Financial Performance - The company's operating revenue for 2018 was CNY 5,755,520,522.14, representing a 45.64% increase compared to CNY 3,946,203,040.18 in 2017[22] - The net profit attributable to shareholders for 2018 was CNY 429,274,878.06, a significant increase of 170.84% from CNY 162,275,257.90 in the previous year[22] - The net profit after deducting non-recurring gains and losses reached CNY 398,704,324.18, marking a 389.81% increase from CNY 85,176,384.84 in 2017[22] - Cash flow from operating activities was CNY 652,925,699, an increase of 65.73% compared to CNY 394,504,646 in 2017[22] - Basic earnings per share for 2018 were CNY 0.4065, up 113.05% from CNY 0.1954 in the previous year[25] - Total assets at the end of 2018 amounted to CNY 14,287,399,064.97, reflecting a 16.13% increase from CNY 12,287,746,055.82 at the end of 2017[25] - The net assets attributable to shareholders increased by 7.48% to CNY 4,618,425,887.83 from CNY 4,282,362,568.51 in 2017[25] Quarterly Performance - Total revenue for the first quarter was ¥1,204,008,982.79, with a net profit attributable to shareholders of ¥110,819,868.49[28] - In the second quarter, total revenue increased to ¥1,519,143,349.81, with net profit attributable to shareholders rising to ¥188,707,503.85[28] - The third quarter saw a decline in revenue to ¥1,240,035,582.26, with net profit dropping to ¥98,664,946.36[28] - The fourth quarter reported the highest revenue at ¥1,792,332,607.28, but net profit significantly decreased to ¥31,082,559.36[28] Research and Development - The company has established a strong R&D capability with nearly 400 personnel, focusing on engineering machinery innovations[41] - The company has developed over 200 specifications and models of high-performance products with independent intellectual property rights[36] - The company launched several new products, including the ZYJ360A double-layer quick pressure pile machine and SWE35UF/60UF/90UF tail-less excavators, achieving market entry within the same year of development[47] - The company participated in the revision of 8 national and industry standards and was awarded 16 invention patents during the year[47] - R&D investment rose by 64.42% to ¥162,635,496.49, representing 2.83% of operating revenue[70] Market and Sales - The company is expanding its market presence through financing leasing methods to enhance sales efficiency[36] - Revenue from the engineering machinery segment was ¥4,469,212,778.86, accounting for 77.65% of total revenue, with a year-on-year growth of 66.05%[53] - The aviation business generated ¥976,717,132.86, representing 16.97% of total revenue, but saw a decline of 10.44% compared to the previous year[53] - The revenue from the international market was ¥651,776,917.30, which accounted for 11.32% of total revenue, reflecting a growth of 23.73% year-on-year[53] - The company’s major customers accounted for 16.50% of total annual sales, with the top five customers generating ¥949,442,302.06 in sales[64] Operational Efficiency - The manufacturing efficiency improved, with labor productivity increasing by 37.53% and inventory turnover rate rising by 53.2%[48] - The total sales volume of engineering machinery increased to 5,912 units in 2018, up from 3,627 units in 2017[59] - The cost of raw materials and other components in the engineering machinery sector was ¥3,381,932,508.11, representing 94.81% of total operating costs[56] - Sales expenses increased by 57.14% year-on-year to ¥345,946,699.43, primarily due to increased sales activities[68] Investment and Financing - The company made a significant equity investment of ¥331,919,502.37 in Avmax Group Lnc, acquiring a 13.33% stake, with the investment aimed at aircraft maintenance and leasing[85] - The total investment amount for the reporting period was ¥379,839,250, representing a 1.65% increase compared to ¥373,660,587 in the same period last year[85] - The cumulative amount of raised funds used by the company reached ¥163,690,000, with ¥33,191,950 utilized in the current reporting period[92] - The total amount of raised funds was ¥193,655,000, with ¥29,964,600 remaining unused[92] Future Plans and Strategies - The company's revenue target for 2019 is set at RMB 7.39 billion[106] - The company plans to enhance its marketing and service capabilities by focusing on key markets and high-end customers[107] - The company aims to increase its market share in the domestic market and implement tailored strategies for international markets[107] - The company will continue to strengthen its innovative capabilities by focusing on product innovation and management[107] - The company plans to distribute a cash dividend of 1.00 yuan per 10 shares, totaling 108,810,846.50 yuan, which represents 25.35% of the net profit attributable to ordinary shareholders[115] Corporate Governance and Compliance - The company has not encountered any litigation related to its investments[85] - The company has not reported any significant changes in the feasibility of its projects[94] - The company has not faced any bankruptcy restructuring or delisting risks during the reporting period[142] - The company has not reported any major related party transactions during the reporting period[146] - The company has maintained its accounting firm, Zhongzheng Huacai, with an audit fee of 900,000 yuan for the reporting period[139] Social Responsibility - The company donated machinery worth 1.18 million to Socheng Village in Jiangyong County, Hunan Province as part of its social responsibility initiatives[169] - The company has implemented environmental protection measures and has passed the ISO 14001:2015 certification[171] Shareholder Information - The total number of shareholders at the end of the reporting period was 75,593, an increase from 74,205 at the end of the previous month[187] - The largest shareholder, He Qinghua, holds 24.79% of the shares, totaling 261,761,833[191] - The second largest shareholder, Jin Ying Fund, holds 4.32% of the shares, totaling 45,592,705[191] - The company has not conducted any share repurchase or transfer activities during the reporting period[180]

Financial Performance - Net profit attributable to shareholders increased by 233.31% to CNY 98,664,946.36 for the reporting period[8] - Operating revenue rose by 52.20% to CNY 1,240,035,582.26 for the reporting period[8] - Basic earnings per share increased by 138.27% to CNY 0.0934[8] - The company expects net profit attributable to shareholders to increase by 185% to 235% in 2018, with an estimated range of 462.48 million to 543.62 million[21] Assets and Liabilities - Total assets increased by 15.90% to CNY 14,241,560,763.76 compared to the end of the previous year[8] - Long-term borrowings increased by 1.18 billion, a rise of 66.06%, mainly for aircraft procurement by AVMAX[17] - Accounts receivable decreased by 135.87 million, a decline of 39.96% due to the collection of matured notes[17] - Prepayments increased by 147.69 million, up 55.82%, primarily due to increased inventory for sales demand[17] - Other receivables increased by 109.68 million, up 36.25%, primarily due to increased transactions with AVMAX[17] - Construction in progress surged by 269.47 million, a rise of 428.07%, due to increased investment in the industrial park phase one project[17] Cash Flow - Net cash flow from operating activities decreased by 64.46% to CNY 7,086,780.69[8] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 74,528[12] - The largest shareholder, He Qinghua, holds 24.79% of the shares, totaling 261,761,833 shares[12] Financial Management - The company has a total of 30,068.7 million yuan in entrusted financial management, with 29,568.7 million yuan from raised funds and 500 million yuan from self-owned funds[25] - There are no overdue amounts or expected impairments related to entrusted financial management[25] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[23] - There were no violations regarding external guarantees during the reporting period[22] Operating Costs - Operating costs rose to 2.67 billion, an increase of 970.44 million or 57.11%, in line with the increase in operating revenue[17] Other Financial Metrics - The weighted average return on equity was 2.20%, up from 1.00% in the previous year[8] - Financial expenses decreased by 54.87 million, down 34.46%, attributed to reduced exchange losses and increased interest income[17] - The company reported a total of CNY 11,009,788.94 in non-recurring gains and losses for the year-to-date[9] - The company did not engage in any repurchase transactions during the reporting period[14] - The number of prepayments increased significantly, with a rise of 200.40 million or 116.32%, reflecting higher customer payments due to increased sales demand[17]

山河智能装备股份有限公司 2018 年半年度报告 2018 年 08 月 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人何清华、主管会计工作负责人夏志宏及会计机构负责人(会计主 管人员)唐欢声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 参见"经营情况讨论与分析"中的"十、公司面临的风险和应对措施"相 关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 | 目录 | | --- | | 第一节 公司简介和主要财务指标 1 | | --- | | 第二节 公司业务概要 4 | | 第三节 经营情况讨论与分析 6 | | 第四节 重要事项 16 | | 第五节 股份变动及股东情况 24 | | 第六节 优先股相关情况 28 | | 第七节 董事、监事、高级管理人员情况 29 | | 第八节 公司债相关情况 30 | | 第九节 财务报告 31 | | 第十节 备查文件目录 143 | 释义 | 释义项 | 指 | ...

Financial Performance - The company's operating revenue for Q1 2018 was ¥1,204,008,982.79, representing a 28.13% increase compared to ¥939,649,663.26 in the same period last year[7]. - Net profit attributable to shareholders was ¥110,819,868.49, a 56.63% increase from ¥70,751,944.61 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥108,007,822.73, up 64.40% from ¥65,696,274.26 in the previous year[7]. - Basic and diluted earnings per share increased by 11.95% to ¥0.1049 from ¥0.0937[7]. - The company reported a net profit of ¥116,795,839.87, up 8.5% from ¥107,514,129.77 year-on-year[39]. - Earnings per share (EPS) for the period was ¥0.1049, compared to ¥0.0937 in the same quarter last year, reflecting a growth of 12.7%[39]. - The operating profit for the quarter was ¥158,541,591.58, an increase of 5.4% from ¥149,729,542.16 year-on-year[38]. Cash Flow - The net cash flow from operating activities improved to ¥48,151,188.74, a significant turnaround from a negative cash flow of ¥132,822,619.89 in the same period last year, marking a 136.25% increase[7]. - Operating cash inflow totaled CNY 882,674,153.87, an increase of 50.0% compared to CNY 588,154,532.11 in the previous period[46]. - Cash inflow from financing activities was CNY 1,542,227,035.00, compared to CNY 1,304,464,576.65 in the previous period, marking an increase of 18.2%[47]. - The ending cash and cash equivalents balance was CNY 976,261,495.92, up from CNY 673,886,834.95 in the previous period[48]. - Cash outflow for employee payments was CNY 124,768,348.95, up from CNY 88,599,886.68 in the previous period[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥12,943,959,267.59, reflecting a 5.34% increase from ¥12,287,746,055.82 at the end of the previous year[7]. - Total liabilities increased to ¥5,094,367,220.68, compared to ¥4,953,559,056.03 in the previous year, indicating a rise of 2.8%[38]. - Total assets increased to CNY 12.94 billion from CNY 12.29 billion, representing a growth of approximately 5.3%[30]. - Current assets rose to CNY 8.29 billion, up from CNY 7.52 billion, indicating an increase of about 10.3%[29]. - Total liabilities increased to CNY 8.14 billion from CNY 7.52 billion, showing a growth of about 8.3%[31]. - Long-term borrowings rose to CNY 2.21 billion from CNY 1.79 billion, an increase of approximately 24.1%[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 74,790[11]. - The largest shareholder, He Qinghua, holds 24.79% of the shares, amounting to 261,761,833 shares, with a portion pledged[11]. - Net assets attributable to shareholders increased to ¥4,339,502,869.05, a 1.33% rise from ¥4,282,362,568.51 at the end of the last year[7]. - Total equity reached ¥4,715,436,914.83, up from ¥4,601,947,999.99, marking an increase of 2.5%[38]. Operational Highlights - Operating revenue increased by 28.13% to CNY 1,204,008,982.79 compared to CNY 939,649,663.26 in the previous year, primarily due to the recovery in the engineering machinery industry[16]. - The cost of goods sold rose significantly, with an increase of CNY 231,670,995.92, reflecting a higher sales volume and increased costs, particularly in the engineering machinery sector[16]. - The company's prepayments increased by 42.75% to CNY 377,679,004.95, mainly due to an increase in material procurement prepayments[16]. - Accounts receivable interest surged by 145.90% to CNY 6,738,118.62, attributed to new interest accruals from financial products[16]. - The construction in progress rose by 68.11% to CNY 105,825,224.82, reflecting increased investment in projects[16]. - The company reported a significant increase in tax liabilities, with a rise of 112.61% to CNY 78,187,353.87, primarily due to corporate income tax accruals[16]. - Financial expenses increased by 41.75% to CNY 63,483,332.68, mainly due to increased exchange losses during the reporting period[16].

Financial Performance - The company's operating revenue for 2017 was ¥3,946,203,040.18, representing a 98.14% increase compared to ¥1,991,603,674.11 in 2016[13] - The net profit attributable to shareholders for 2017 was ¥162,275,257.90, a 142.49% increase from ¥66,920,999.94 in the previous year[13] - The net cash flow from operating activities reached ¥394,504,646.83, up 101.07% from ¥196,198,991.62 in 2016[13] - The basic earnings per share for 2017 was ¥0.1954, reflecting a 120.54% increase compared to ¥0.0886 in 2016[13] - Total assets at the end of 2017 amounted to ¥12,287,746,055.82, a 20.79% increase from ¥10,172,481,442.39 at the end of 2016[14] - The net assets attributable to shareholders increased by 73.25% to ¥4,282,362,568.51 from ¥2,471,806,103.03 in 2016[14] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥85,176,384.84, up 2,002.46% from ¥4,051,267.65 in 2016[13] - The weighted average return on net assets for 2017 was 5.34%, an increase of 2.45 percentage points from 2.89% in 2016[13] Revenue Breakdown - The engineering machinery segment generated ¥2,689,132,820.16, accounting for 68.14% of total revenue, with a year-on-year growth of 59.51%[38] - The aviation business saw significant growth, with revenue of ¥1,084,915,287.13, up 383.71% from ¥224,289,403.36 in 2016, representing 27.49% of total revenue[38] - International market revenue constituted 40.84% of total revenue, with ¥526,759,478.46 generated from international sales, marking a 29.39% increase from the previous year[39] - The construction revenue surged by 324.32%, reaching ¥123,931,762.28, compared to ¥29,207,126.64 in 2016[38] Strategic Initiatives - The company has developed over 200 specifications and models of high-performance products with independent intellectual property rights[23] - The company’s strategic focus on "one point and three lines" (equipment manufacturing, engineering equipment, special equipment, and aviation equipment) has shown significant progress in 2017[32] - The company has established strategic partnerships with top research institutions and enterprises in the military sector, aiming to achieve the highest market share in non-military engineering equipment within three years[32] - The company’s mixed-power excavators have achieved mass production and sales, leading the industry in energy recovery technology[28] Investment and Acquisitions - The company completed a non-public stock issuance, raising a total of ¥1,978,000,000, and successfully executed the acquisition of 13.3% equity in Avmax Group Inc.[35] - The company made a significant equity investment in Avmax Group Inc., acquiring a 13.33% stake for ¥359.5 million[63] - The company’s overseas asset, AVMAX, was acquired for CNY 3.912 billion, contributing CNY 220 million to net income, accounting for 35% of the company's net assets[26] Research and Development - The company’s R&D team consists of nearly 400 personnel, including a strong group of multi-disciplinary PhDs and Masters, enhancing its technological innovation capabilities[27] - The company reported a research and development investment amounted to ¥97,069,016.83, reflecting a 79.14% increase from the previous year, with R&D personnel increasing by 62.99% to 414[53] - The company is focused on improving its research and development capabilities and enhancing its core product competitiveness to increase market share[82] Financial Management - The company’s total liabilities increased by 88.87% to ¥754,398,657.96, mainly due to the transfer of long-term borrowings due within one year[43] - The company’s financial expenses rose by 65.47% to ¥196,920,324.67, primarily due to increased foreign exchange losses and interest expenses from acquisition loans[51] - The company reported a gross profit margin of approximately 32.4%, with operating costs rising to ¥2,665,813,286.12, an increase of 100.96% year-on-year[43] Shareholder Returns - The company plans to distribute a cash dividend of ¥0.50 per 10 shares, totaling approximately ¥52,803,423.25 based on 1,056,068,465 shares[4] - The company reported a net profit of 162,275,257.90 yuan for 2017, with a cash dividend payout ratio of 32.54%[90] - The company has established a three-year shareholder return plan (2016-2018) that aligns with regulatory requirements and aims to enhance shareholder value[86] Corporate Governance - The company has established a transparent performance evaluation and incentive mechanism for senior management, linking compensation to company performance[178] - The company strictly follows information disclosure regulations, ensuring accurate and timely communication with investors[180] - The independent directors actively participated in board meetings, with attendance rates of 60% to 80% for individual directors, ensuring oversight and governance[192] Social Responsibility - The company actively participates in social responsibility initiatives, including charity and community support[121] - The company emphasizes employee welfare, providing training and career development opportunities[122] - The company complies with environmental regulations and has implemented measures for pollution control and waste management[124]

山河智能装备股份有限公司 2017 年第三季度报告正文 证券代码：002097 证券简称：山河智能 公告编号：2017-061 山河智能装备股份有限公司 2017 年第三季度报告正文 山河智能装备股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人何清华、主管会计工作负责人夏志宏及会计机构负责人(会计主 管人员)唐欢声明：保证季度报告中财务报表的真实、准确、完整。 1 山河智能装备股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 12,677,328,166.09 | 10,172,481,442.39 | | ...

Financial Performance - The company's operating revenue for the first half of 2017 was approximately ¥1.77 billion, representing a 109.96% increase compared to the same period last year[13]. - The net profit attributable to shareholders was approximately ¥84.14 million, a significant increase of 376.97% year-on-year[13]. - The net profit after deducting non-recurring gains and losses reached approximately ¥53.06 million, marking a 14,869.21% increase compared to the previous year[13]. - The basic earnings per share increased to ¥0.1114, up 376.07% from ¥0.0234 in the same period last year[13]. - Operating profit reached CNY 15,165.86 million, up 2,577.51% year-on-year, while total profit increased to CNY 18,819.67 million, a rise of 631.15% compared to the previous year[33]. - The net profit attributable to shareholders was CNY 8,413.94 million, reflecting a significant year-on-year increase of 376.97%[33]. - The net profit margin for the period was not explicitly stated, but the increase in retained earnings to CNY 593.02 million from CNY 584.42 million suggests a positive performance trend[103]. - The company reported a net profit of CNY 133,253,111.04 for the first half of 2017, compared to CNY 15,103,832.97 in the previous year, indicating an increase of approximately 780.5%[111]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥10.79 billion, reflecting a 6.08% increase from the end of the previous year[13]. - The net assets attributable to shareholders decreased slightly by 0.67% to approximately ¥2.46 billion compared to the end of the previous year[13]. - The company's total assets as of June 30, 2017, amounted to CNY 1,079,048.34 million, representing a 6.08% growth from the end of the previous year[33]. - The total liabilities reached CNY 7.63 billion, an increase from CNY 7.03 billion, which is a growth of around 8.6%[102]. - The owner's equity totaled CNY 3.16 billion, slightly up from CNY 3.15 billion, indicating a growth of about 0.5%[103]. - The company's total assets at the end of the reporting period were 2,645.7 million yuan, with total liabilities of 1,240.1 million yuan[132]. Cash Flow - Cash flow from operating activities was negative at -¥150,673,329.88, an improvement of 22.35% compared to -¥194,034,846.29 in the previous period[37]. - Cash flow from investing activities decreased by 15.25% to -¥452,682,411.10, primarily due to reduced investment payments compared to the previous period[37]. - Cash flow from financing activities decreased by 34.75% to ¥530,299,088.78, mainly due to a reduction in payments for acquisition loans[37]. - The net cash flow from operating activities was -150,673,329.88 CNY, compared to -194,034,846.29 CNY in the previous period, indicating a slight improvement[117]. - Total cash inflow from operating activities was 1,408,442,554.77 CNY, while cash outflow was 1,559,115,884.65 CNY, resulting in a net cash flow deficit[117]. Research and Development - Research and development expenditure increased by 16.28% to CNY 30,193,440.51, indicating a commitment to innovation and product development[36]. - The company is investing RMB 200 million in R&D for new technologies aimed at enhancing product efficiency and sustainability[154]. Market and Operations - The company operates in the engineering machinery industry, which is closely tied to the scale of fixed asset investment in society, indicating a cyclical nature[21]. - The company has established a comprehensive marketing network with 24 distributors across major provinces in China and international distributors in Europe, South America, Southeast Asia, and the Middle East[30]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[127]. - The company is focusing on expanding its international marketing service network to enhance competitiveness and mitigate risks from currency fluctuations[49]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[5]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[58]. - The company has not conducted any major related party transactions during the reporting period[61]. - The company has not undergone any bankruptcy restructuring during the reporting period[57]. - The company has not implemented any employee incentive plans during the reporting period[60]. Compliance and Risk Management - The company faces risks from macroeconomic conditions and industry factors affecting the engineering machinery sector, with strategies in place to monitor economic policies and enhance marketing and R&D capabilities[49]. - The company has established a customer credit rating system to mitigate credit risk associated with sales[49]. - There were no violations of external guarantee regulations during the reporting period, reflecting compliance with financial governance[72]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 85,808[84]. - The largest shareholder, He Qinghua, holds 26.69% of the shares, totaling 201,613,140 shares[84]. - The company maintained a stable shareholding structure, with 79.96% of shares being unrestricted after the recent changes[80]. Environmental and Social Responsibility - The company has not reported any significant environmental issues or been classified as a key pollutant unit by environmental authorities[76]. - The company has not reported any awards or recognitions related to social responsibility initiatives during the reporting period[75]. Accounting and Financial Reporting - The financial report for the first half of 2017 was not audited[98]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements reflect the true financial status as of June 30, 2017[142]. - The company follows a fiscal year from January 1 to December 31, with a 12-month operating cycle[143][144].

Financial Performance - The company's operating revenue for Q1 2017 was ¥939,649,663.26, representing a 124.10% increase compared to ¥419,306,728.13 in the same period last year[8] - Net profit attributable to shareholders was ¥70,751,944.61, a significant increase of 428.42% from ¥13,389,256.07 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached ¥65,696,274.26, up 473.59% from ¥11,453,615.73 in the previous year[8] - Basic earnings per share were ¥0.0937, reflecting a 429.38% increase compared to ¥0.0177 in the same period last year[8] - The net profit attributable to shareholders for the first half of 2017 is expected to range from ¥12,348.35 million to ¥13,230.38 million, representing a growth of 600% to 650% compared to ¥1,764.05 million in the same period of 2016[19] - The significant growth in performance is attributed to increased demand in the construction machinery market and the continuous growth of Avmax Group's performance[19] Assets and Shareholder Equity - The total assets at the end of the reporting period were ¥10,574,503,740.42, a 3.95% increase from ¥10,172,481,442.39 at the end of the previous year[8] - The net assets attributable to shareholders amounted to ¥2,520,148,314.08, which is a 1.96% increase from ¥2,471,806,103.03 at the end of the previous year[8] - The weighted average return on equity was 2.82%, up from 0.56% in the same period last year, an increase of 2.26%[8] - The company reported a total of 85,390 common shareholders at the end of the reporting period[12] - The largest shareholder, He Qinghua, holds 26.69% of the shares, amounting to 201,613,140 shares, with a significant portion pledged[12] Cash Flow and Operating Activities - The net cash flow from operating activities was negative at -¥132,822,619.89, compared to -¥6,102,862.47 in the previous year[8] Revenue and Costs - Revenue surged by 124.10% to ¥939,649,663.26, driven by the recovery in the construction machinery sector and the inclusion of Avmax's revenue[17] - Operating costs increased by 98.11% to ¥557,386,607.73, reflecting the rise in revenue[17] - Management expenses grew by 163.95% to ¥108,835,072.41, primarily due to the consolidation of Avmax[17] - Financial expenses increased by 47.47% to ¥44,701,241.41, mainly from increased interest expenses related to Avmax acquisitions[17] - Asset impairment losses rose by 153.54% to ¥33,846,790.84, attributed to increased bad debt provisions[17] Investments - Long-term receivables increased by 74.87% to ¥147,080,190.11, primarily due to increased aircraft sales from Avmax[17] - Long-term equity investments rose by 82.02% to ¥70,966,171.27, mainly from new investments in China Railway Shanhe and Shanhe Yachts[17]