广东鸿图科技股份有限公司 2021 年第一季度报告全文 广东鸿图科技股份有限公司 2021 年第一季度报告 2021-16 2021 年 04 月 1 广东鸿图科技股份有限公司 2021 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人但昭学、主管会计工作负责人徐飞跃及会计机构负责人(会计主 管人员)刘刚年声明：保证季度报告中财务报表的真实、准确、完整。 2 广东鸿图科技股份有限公司 2021 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|----------------------------| | | 本报告期 ...

Financial Performance - Operating revenue for the reporting period was CNY 1,666,178,717.29, an increase of 7.14% year-on-year[9] - Net profit attributable to shareholders was CNY 82,443,270.29, a decrease of 26.19% compared to the same period last year[9] - Basic earnings per share were CNY 0.1559, down 26.18% from the previous year[9] - The company expects a net profit attributable to shareholders of approximately 10,545.69 million, representing a growth of 282.31% compared to the previous year[35] - Basic earnings per share are projected to increase by 300.00% to 0.20 yuan per share[35] - The company reported a 94.15% decrease in non-operating income to 70.53 million, with no such income recognized during the reporting period[26] - Net profit for the current period was ¥104,808,722.07, a decrease of 18.7% from ¥128,942,821.09 in the previous period[70] - The total profit for the current period is ¥180,342,843.41, down 29.0% from ¥253,747,681.15 in the previous period[88] Cash Flow - Net cash flow from operating activities reached CNY 396,681,768.90, an increase of 51.83% year-on-year[9] - Net cash flow from operating activities increased by 68.36% to 94,693.46 million, driven by improved collection of receivables and reduced cash payments for goods[29] - The cash flow from operating activities was significantly bolstered by a reduction in cash outflows related to employee payments, which decreased to ¥221,251,966.48 from ¥236,343,125.25, a decline of approximately 6.4%[97] - The cash flow from investment activities shows a net outflow of ¥318,923,359.83, an improvement from a net outflow of ¥537,997,857.52 in the previous period[94] - The cash flow from financing activities showed a net outflow of ¥109,701,747.51, an improvement from the previous outflow of ¥264,045,371.40[97] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,029,882,723.15, a decrease of 0.61% compared to the end of the previous year[9] - Current assets decreased by 37.49% to 5,285.23 million, primarily due to a reduction in VAT credits and the termination of certain receivables[24] - Total liabilities decreased from ¥3.30 billion to ¥3.20 billion, a decline of about 3%[53] - Total current liabilities were CNY 2,941,973,049.44, an increase of CNY 27,358,465.16 compared to the previous period[109] - Total assets amounted to CNY 8,079,323,179.18, a slight decrease of ¥51,618,124.90 from the previous total of ¥8,027,705,054.28[109] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,645[13] - The largest shareholder, Guangdong Science and Technology Venture Investment Co., Ltd., held 18.07% of the shares[14] - Total equity attributable to shareholders reached CNY 4,443,847,379.84, reflecting a decrease of CNY 24,259,659.74[109] Expenses - Total operating costs amounted to ¥1,549,950,273.92, up from ¥1,414,717,707.77, reflecting a rise of 9.5%[66] - Research and development expenses increased to ¥72,204,344.22 from ¥54,812,285.98, reflecting a growth of 31.6%[66] - The company reported a decrease in sales expenses to ¥92,957,264.43 from ¥103,473,915.42, a reduction of 10.5%[66] - The company’s financial expenses increased significantly to ¥17,177,192.16 from ¥7,721,046.55, an increase of 122.5%[66] Impairment and Provisions - Asset impairment losses increased by 199.77% to -190.47 million due to higher provisions for asset impairment[28] - Deferred income increased by 38.47% to 10,328.81 million, reflecting government grants received during the reporting period[24] Other Financial Metrics - The weighted average return on net assets was 1.85%, a decrease of 0.59 percentage points compared to the previous year[9] - The company reported a significant reduction in cash paid for purchasing goods and services, down to ¥680,984,028.34 from ¥1,049,835,802.17, a decrease of approximately 35.2%[97] - The total comprehensive income for the current period was ¥110,644,658.57, a decrease from ¥264,923,010.01 in the previous period[84]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥2,166,154,112.25, a decrease of 21.08% compared to ¥2,744,662,596.07 in the same period last year[23] - The net profit attributable to shareholders of the listed company was -¥4,903,765.08, representing a decline of 104.21% from ¥116,469,472.49 in the previous year[23] - The basic earnings per share were -¥0.009, down 104.09% from ¥0.220 in the previous year[23] - Total assets at the end of the reporting period were ¥7,992,364,608.88, a decrease of 1.08% from ¥8,079,323,179.18 at the end of the previous year[23] - The net assets attributable to shareholders of the listed company were ¥4,400,375,442.77, down 0.98% from ¥4,443,847,379.84 at the end of the previous year[23] - The company reported a significant decline in net profit due to various operational challenges faced during the reporting period[23] - The company achieved operating revenue of CNY 216,615,000, a year-on-year decrease of 21.08% due to the impact of the COVID-19 pandemic[45] - The net profit attributable to shareholders was CNY -490,000, reflecting a year-on-year decline of 104.21%[45] Cash Flow and Assets - The net cash flow from operating activities increased by 82.70% to ¥550,252,789.32, compared to ¥301,184,814.49 in the same period last year[23] - The company's cash and cash equivalents increased by 32,132.88 million CNY, representing an 80.96% growth compared to the beginning of the year[35] - Accounts receivable decreased by 31,286.5 million CNY, a reduction of 28% due to timely collection of payments and decreased sales impacted by the pandemic[35] - The company’s other non-current assets increased by 1,662.87 million CNY, reflecting a 22.81% growth due to increased payments for tooling and molds[35] - The company increased cash holdings to ¥718,240,740.32, representing 8.99% of total assets, up from 6.16% last year[61] - Fixed assets increased to ¥2,656,386,948.94, accounting for 33.24% of total assets, due to the completion of several projects[61] - Inventory stood at ¥921,333,519.78, representing 11.53% of total assets, with no significant changes reported[61] Investments and Projects - The company invested a total of ¥883,005,221.13 during the reporting period, a 7.11% increase compared to ¥824,396,831.49 in the same period last year[66] - The project for producing 5 million automotive decorative parts has seen an investment progress of 55.05% as of the reporting period[78] - The total committed investment for the project of acquiring 100% equity of Ningbo Siweier is 657.88 million CNY, fully utilized[72] - The project for producing automotive decorative parts has not yet reached the expected benefits due to market demand changes and the impact of the pandemic[75] Dividends and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[7] - The company has a total of 532,363,366 shares, with 79.95% being unrestricted shares[173] - A total of 103,258,087 restricted shares were unlocked on April 21, 2020, following the completion of the lock-up period[173] - The company repurchased and canceled 2,300,000 shares from the 2016 restricted stock incentive plan during the reporting period[180] - The total number of restricted shares at the beginning of the period was 106,754,587, with 103,258,087 shares released during the period[180] Legal and Compliance - The company reported a total of 4 new lawsuits during the reporting period, with a total amount involved of approximately RMB 796.845 million[111] - Among the new lawsuits, 3 were initiated by the company and its subsidiaries as plaintiffs, totaling RMB 676.845 million, while 1 was as a defendant involving RMB 120 million[111] - The company has completed 3 of the lawsuits, achieving favorable outcomes or settlements, while 1 lawsuit is still pending[111] - The company has not experienced any major litigation or arbitration matters during the reporting period[111] Environmental Compliance - The company reported no significant environmental protection issues and complied with pollution discharge standards[142] - The company’s wastewater treatment facilities are operating normally and have achieved stable compliance with discharge standards[157] - The company has implemented a comprehensive waste gas treatment system to manage emissions from various production processes[152] - The company has installed online monitoring equipment for heavy metals, COD, ammonia nitrogen, total phosphorus, hexavalent chromium, total copper, total nickel, pH, and VOCs for real-time detection of wastewater and exhaust gas[155] Market and Operational Risks - The company faces risks from market downturns, particularly due to the automotive market decline and international political and economic uncertainties, which may impact export business[94] - The ongoing global pandemic poses a risk to overseas market demand, which has not fully recovered, potentially affecting future production and operational performance[97] - The company anticipates a steady increase in domestic orders as the domestic automotive market recovers, with a gradual rise in sales expected in the third quarter[93] Research and Development - The company holds 183 patents in the die-casting segment, including 29 invention patents, showcasing its strong R&D capabilities[39] - The company has established a provincial-level precision die-casting engineering technology research center, enhancing its technological competitiveness[39] - The company’s R&D investment decreased by 21.58% to CNY 106,362,495.38 due to project slowdowns caused by the pandemic[52] Strategic Partnerships - The company collaborates with major automotive and telecommunications clients, establishing strong strategic partnerships that enhance its market position[39] - The company successfully entered the Tesla supplier system, securing orders for 8 types of products to be mass-produced within the year[46]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a year-on-year growth of 15%[21] - The company's operating revenue for 2019 was ¥5,906,316,589.79, a decrease of 2.54% compared to 2018[24] - The total profit for the year was CNY 13,744.03 million, down 70.40% year-on-year, and net profit attributable to shareholders was CNY 2,758.43 million, down 91.80% year-on-year[54] - The net profit attributable to shareholders for 2019 was ¥27,584,306.87, representing a significant decline of 91.80% from the previous year[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥7,110,252.43, down 97.69% year-on-year[24] - The company’s gross profit margin improved by 1.08% year-on-year due to enhanced cost management and lean production practices[57] - The company’s cash and cash equivalents at the end of 2019 were RMB 396,911,930.07, accounting for 4.91% of total assets, down from 9.92% at the beginning of the year[84] User Growth and Market Expansion - User data showed a growth in active users, reaching 500,000, which is a 20% increase compared to the previous year[21] - The company plans to expand its market presence by entering two new provinces in China, aiming for a 10% market share in these regions within the next year[21] - The company is exploring partnerships with international firms to enhance its technological capabilities and expand its product offerings[21] Strategic Initiatives - The company has set a future revenue target of 1.5 billion RMB for the next fiscal year, indicating an expected growth rate of 25%[21] - A strategic acquisition of a 70% stake in a local competitor is expected to enhance the company's market position and increase overall production capacity by 40%[21] - The company has invested 200 million RMB in technology upgrades, which are anticipated to reduce operational costs by 15%[21] - The company aims to enhance R&D innovation and improve process levels to align with trends in automotive lightweight, electrification, and intelligence[107] Research and Development - The company holds 156 patents in the die-casting sector, including 29 invention patents, and has established a provincial-level precision die-casting engineering technology research center[44] - The company recorded a total of 50 new product developments during the reporting period, with 19 being new energy vehicle products, accounting for 38%[57] - Research and development expenses amounted to ¥248,808,516.86, a decrease of 9.13% compared to the previous year[74] Financial Management and Investments - The company will not distribute cash dividends this year, opting to reinvest profits into research and development[21] - The company has committed to maintaining its independence and avoiding competition with its major shareholders[125] - The company plans to continue investing in technology upgrades and equipment improvements using retained earnings[117] - The total amount of raised funds for committed investment projects is CNY 93,988.1 million, with CNY 6,813.71 million invested during the reporting period[94] Environmental and Social Responsibility - The management emphasized a focus on sustainable practices, aiming to reduce carbon emissions by 20% over the next three years[21] - The company donated a total of 1.04 million yuan for targeted poverty alleviation during the reporting period[187] - The company contributed over 1.2 million yuan to various public welfare activities in 2019, including disaster relief and educational support[186] Compliance and Governance - The company has established a framework for fair and equitable related party transactions, adhering to legal and regulatory requirements[127] - The company confirmed that there is no direct or indirect competition with Guangdong Hongtu, ensuring compliance with commitments to avoid conflicts of interest[132] - The company has implemented strict internal controls and information disclosure practices to protect shareholder rights, holding three shareholder meetings in 2019[183] Operational Efficiency - The company aims to maintain stable sales, profits, and production amidst challenges in the automotive industry, focusing on internal control and collaboration[53] - The company will focus on fine management to improve quality and efficiency, targeting asset utilization and cost control[110] - The company plans to activate production capacity and improve asset returns through resource sharing and strategic partnerships[110]

[Important Notice](index=2&type=section&id=Item%20I%20Important%20Notice) The company's board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report [Board of Directors, Supervisory Board, and Senior Management Statement](index=2&type=section&id=Board%20of%20Directors%2C%20Supervisory%20Board%2C%20and%20Senior%20Management%20Statement) The Board, Supervisory Board, and senior management affirm the quarterly report's truthfulness, accuracy, and completeness, taking legal responsibility - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false statements, misleading representations, or major omissions, and assume individual and joint legal responsibility[4](index=4&type=chunk) - Company head Li Baiqi, chief accountant Xu Feiyue, and head of accounting department Liu Gangnian declare that the financial statements in the quarterly report are true, accurate, and complete[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Item%20II%20Company%20Profile) This section provides an overview of the company's key financial performance and shareholder structure during the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) Revenue decreased by 25.90% year-over-year, net profit attributable to shareholders turned to loss, while net cash flow from operating activities significantly increased by 228.78% Key Accounting Data and Financial Indicators for the Current Period (Year-over-year change) | Indicator | Current Period (Million CNY) | Prior Year Period (Million CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 958.10 | 1,293.00 | -25.90% | | Net Profit Attributable to Shareholders | -47.57 | 46.58 | -202.13% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -49.49 | 45.51 | -208.75% | | Net Cash Flow from Operating Activities | 392.73 | 119.45 | 228.78% | | Basic Earnings Per Share (CNY/share) | -0.0900 | 0.0879 | -202.39% | | Diluted Earnings Per Share (CNY/share) | -0.0894 | 0.0875 | -202.17% | | Weighted Average Return on Net Assets | -1.08% | 1.01% | -2.09% | Key Accounting Data and Financial Indicators at Period End (Compared to Prior Year End) | Indicator | End of Current Period (Billion CNY) | End of Prior Year (Billion CNY) | Change from Prior Year End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 7.89 | 8.08 | -2.37% | | Net Assets Attributable to Shareholders | 4.37 | 4.44 | -1.58% | [Non-recurring Gains and Losses](index=3&type=section&id=Non-recurring%20Gains%20and%20Losses) This section details the components and total amount of non-recurring gains and losses for the period Non-recurring Gains and Losses from Year Start to Period End | Item | Amount (Million CNY) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -0.11 | | Government Subsidies Recognized in Current P&L | 3.02 | | Other Non-operating Income and Expenses | -0.22 | | Less: Income Tax Impact | 0.21 | | Impact on Minority Interests (After Tax) | 0.57 | | Total | 1.91 | - The company did not classify any non-recurring gains and losses as recurring during the reporting period[12](index=12&type=chunk) [Total Shareholders and Top Ten Shareholders' Holdings at Period End](index=4&type=section&id=II.%20Total%20Shareholders%20and%20Top%20Ten%20Shareholders'%20Holdings%20at%20Period%20End) The company had 27,439 common shareholders, with the top ten shareholders' holdings and any pledge information detailed - At the end of the reporting period, the total number of common shareholders was **27,439**, with no preferred shareholders whose voting rights have been restored[14](index=14&type=chunk) [Common Shareholder Information](index=4&type=section&id=Common%20Shareholder%20Information) This section provides a detailed breakdown of the top ten common shareholders, including their nature, shareholding, and pledge status Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding (%) | Number of Shares Held | Number of Restricted Shares Held | Share Status | Pledged or Frozen Shares | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Guangdong Provincial Technology Venture Capital Co., Ltd. | State-owned Legal Person | 19.23% | 102,386,251 | 38,996,762 | | | | Gaoyao Hongtu Industrial Co., Ltd. | State-owned Legal Person | 11.74% | 62,492,395 | | Pledged | 26,000,000 | | Guangdong Provincial Technology Risk Investment Co., Ltd. | State-owned Legal Person | 10.01% | 53,315,598 | | | | | Zhaoqing Gaoyao District State-owned Assets Management Co., Ltd. | State-owned Legal Person | 9.22% | 49,063,281 | 32,867,022 | Pledged | 23,698,511 | | Shanghai Siweier Holding Group Co., Ltd. | Domestic Non-state-owned Legal Person | 5.48% | 29,188,440 | 12,849,996 | Pledged | 21,450,000 | | Kedi (Ningbo) Investment Management Co., Ltd. | Domestic Non-state-owned Legal Person | 1.83% | 9,741,760 | | | | | Wang Zhili | Domestic Natural Person | 1.33% | 7,070,033 | | | | | Vico Technology Co., Ltd. | Domestic Non-state-owned Legal Person | 1.32% | 7,025,000 | | | | | Shanghai Kewen Investment Center (Limited Partnership) | Domestic Non-state-owned Legal Person | 1.04% | 5,542,272 | 5,542,272 | | | | Ningbo Huixin Investment Co., Ltd. | Domestic Non-state-owned Legal Person | 1.03% | 5,496,858 | 2,936,304 | | | [Related Party Relationships and Repurchase Transactions](index=5&type=section&id=Related%20Party%20Relationships%20and%20Repurchase%20Transactions) This section identifies related party relationships among major shareholders and confirms the absence of repurchase transactions - Guangdong Provincial Technology Risk Investment Co., Ltd. and Guangdong Provincial Technology Venture Capital Co., Ltd. are **related parties**, both controlled by Guangdong Yueke Financial Group Co., Ltd.; Gaoyao Hongtu Industrial Co., Ltd. and Zhaoqing Gaoyao District State-owned Assets Management Co., Ltd. are **related parties**, with the latter being the controlling shareholder of the former[18](index=18&type=chunk) - The company's top 10 common shareholders and top 10 unrestricted common shareholders did not engage in **repurchase transactions** during the reporting period[18](index=18&type=chunk) [Significant Events](index=6&type=section&id=Item%20III%20Significant%20Events) This section highlights significant financial and operational events, including changes in key financial indicators and future performance forecasts [Changes and Reasons for Key Financial Data and Indicators in the Reporting Period](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Key%20Financial%20Data%20and%20Indicators%20in%20the%20Reporting%20Period) Key balance sheet, income statement, and cash flow items experienced significant changes, primarily due to the COVID-19 pandemic, tariff adjustments, and exchange rate fluctuations [Balance Sheet Item Changes](index=6&type=section&id=Balance%20Sheet%20Item%20Changes) Key balance sheet items such as monetary funds, accounts receivable, and contract liabilities showed significant changes due to operational adjustments and the pandemic Balance Sheet Item Changes (March 31, 2020 vs. January 1, 2020) | Item | March 31, 2020 (Million CNY) | January 1, 2020 (Million CNY) | Change (Million CNY) | Change (%) | Reason | | :--- | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 657.21 | 396.91 | 260.30 | 65.58% | Due to the company increasing its cash holdings to ensure operational safety during the reporting period | | Accounts Receivable | 710.44 | 1,117.24 | -406.80 | -36.41% | Sales decreased due to the COVID-19 pandemic during the reporting period, leading to a corresponding decrease in accounts receivable | | Receivables Financing | 203.74 | 153.26 | 50.48 | 32.94% | Due to an increase in customer settlements by notes during the reporting period | | Other Receivables | 17.18 | 11.37 | 5.80 | 51.04% | Due to an increase in company's payment of deposits and petty cash during the reporting period | | Taxes Payable | 16.67 | 40.52 | -23.84 | -58.85% | Sales decreased due to the COVID-19 pandemic during the reporting period, leading to a corresponding decrease in taxes payable | | Contract Liabilities | 29.07 | 17.76 | 11.31 | 63.68% | Due to an increase in customer prepayments during the reporting period | [Income Statement Item Changes](index=6&type=section&id=Income%20Statement%20Item%20Changes) Income statement items like taxes and surcharges, management expenses, and net profit experienced substantial year-over-year changes, influenced by tariffs and the pandemic Income Statement Item Changes (January-March 2020 vs. January-March 2019) | Item | Jan-Mar 2020 (Million CNY) | Jan-Mar 2019 (Million CNY) | YoY Change (Million CNY) | YoY Change (%) | Reason | | :--- | :--- | :--- | :--- | :--- | :--- | | Taxes and Surcharges | 23.27 | 8.27 | 15.00 | 181.44% | Primarily due to the increase in tariffs following the US tariff rate hike in May 2019 | | Administrative Expenses | 93.53 | 68.98 | 24.55 | 35.60% | Due to the inclusion of work stoppage losses caused by the COVID-19 pandemic in administrative expenses during the reporting period | | R&D Expenses | 44.84 | 67.43 | -22.59 | -33.50% | R&D progress slowed due to the COVID-19 pandemic during the reporting period, leading to reduced R&D investment | | Financial Expenses | 10.41 | 24.16 | -13.75 | -56.92% | Due to increased exchange gains from exchange rate fluctuations during the reporting period | | Credit Impairment Losses | -6.31 | 0.92 | -7.22 | -787.16% | Due to a year-over-year increase in the company's provision for bad debts during the reporting period | | Income Tax Expense | 1.46 | 11.58 | -10.12 | -87.37% | Sales decreased due to the COVID-19 pandemic during the reporting period, leading to losses and a corresponding reduction in income tax | | Net Profit | -51.80 | 51.64 | -103.44 | -200.30% | Sales decreased due to the COVID-19 pandemic during the reporting period, leading to losses | [Cash Flow Statement Item Changes](index=6&type=section&id=Cash%20Flow%20Statement%20Item%20Changes) Net cash flow from operating activities significantly increased, while investment and financing cash flows saw notable shifts Cash Flow Statement Item Changes (January-March 2020 vs. January-March 2019) | Item | Jan-Mar 2020 (Million CNY) | Jan-Mar 2019 (Million CNY) | YoY Change (Million CNY) | YoY Change (%) | Reason | | :--- | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 392.73 | 119.45 | 273.28 | 228.78% | Due to the company increasing its proportion of note settlements, which delayed cash outflows during the reporting period | | Net Cash Flow from Investing Activities | -93.85 | -187.93 | 94.08 | 50.06% | Due to a year-over-year decrease in the company's expenditure on long-term asset purchases during the reporting period | | Net Cash Flow from Financing Activities | -39.88 | 124.27 | -164.15 | -132.09% | Due to a year-over-year decrease in bank borrowings obtained by the company, coupled with an increase in dividends paid by subsidiaries to minority shareholders during the reporting period | [Operating Performance Forecast for January-June 2020](index=7&type=section&id=IV.%20Operating%20Performance%20Forecast%20for%20January-June%202020) The company forecasts a net loss for the first half of 2020, primarily due to reduced sales orders caused by the global COVID-19 pandemic Operating Performance Forecast for January-June 2020 | Indicator | Jan-Jun 2020 Forecast (Million CNY) | Jan-Jun 2019 Net Profit Attributable to Shareholders (Million CNY) | | :--- | :--- | :--- | | Net Profit | -63.68 To -14.60 | 116.47 | - The primary reason for the performance change is the global spread of the COVID-19 pandemic, leading to lockdowns and economic shutdowns in many regions worldwide, resulting in a significant year-over-year decrease in the company's domestic and international sales orders, temporary halt of export business, and a substantial decline in operating revenue and profit[26](index=26&type=chunk) [Wealth Management Activities](index=8&type=section&id=VI.%20Wealth%20Management) The company engaged in bank wealth management products totaling CNY 337 million, with CNY 187 million outstanding and no overdue amounts Wealth Management Activities (Unit: Million CNY) | Specific Type | Source of Funds for Wealth Management | Amount of Wealth Management Transactions | Outstanding Balance | Overdue Unrecovered Amount | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Raised Funds | 140.00 | 110.00 | 0 | | Bank Wealth Management Products | Own Funds | 197.00 | 77.00 | 0 | | Total | | 337.00 | 187.00 | 0 | - The company has no significant, low-safety, low-liquidity, or non-principal-guaranteed high-risk wealth management products, nor has it experienced situations where principal is expected to be unrecoverable or other impairment-causing events[31](index=31&type=chunk) [Financial Statements](index=9&type=section&id=Item%20IV%20Financial%20Statements) This section presents the company's consolidated and parent company financial statements as of March 31, 2020, and for the period then ended [Consolidated Financial Statements](index=9&type=section&id=Consolidated%20Financial%20Statements) This section provides the consolidated balance sheet, income statement, and cash flow statement for the reporting period [Consolidated Balance Sheet](index=9&type=section&id=1.%20Consolidated%20Balance%20Sheet) The consolidated balance sheet shows total assets of CNY 7.89 billion and total owner's equity of CNY 4.69 billion as of March 31, 2020 Key Consolidated Balance Sheet Data (As of March 31, 2020) | Item | Amount (Billion CNY) | | :--- | :--- | | Total Assets | 7.89 | | Total Liabilities | 3.19 | | Total Equity Attributable to Parent Company Owners | 4.37 | | Total Owners' Equity | 4.69 | [Consolidated Income Statement](index=14&type=section&id=3.%20Consolidated%20Income%20Statement) The consolidated income statement reports a net loss of CNY 51.80 million for the first quarter of 2020 Key Consolidated Income Statement Data (January-March 2020) | Item | Amount (Million CNY) | | :--- | :--- | | Total Operating Revenue | 958.10 | | Total Operating Costs | 1,006.15 | | Operating Profit | -50.11 | | Total Profit | -50.33 | | Net Profit | -51.80 | | Net Profit Attributable to Parent Company Owners | -47.57 | | Basic Earnings Per Share | -0.0894 | [Consolidated Cash Flow Statement](index=18&type=section&id=5.%20Consolidated%20Cash%20Flow%20Statement) The consolidated cash flow statement indicates a net cash inflow from operating activities of CNY 392.73 million for the first quarter of 2020 Key Consolidated Cash Flow Statement Data (January-March 2020) | Item | Amount (Million CNY) | | :--- | :--- | | Subtotal Cash Inflows from Operating Activities | 1,455.70 | | Subtotal Cash Outflows from Operating Activities | 1,062.97 | | Net Cash Flow from Operating Activities | 392.73 | | Net Cash Flow from Investing Activities | -93.85 | | Net Cash Flow from Financing Activities | -39.88 | | Net Increase in Cash and Cash Equivalents | 262.16 | | Cash and Cash Equivalents at Period End | 580.95 | [Parent Company Financial Statements](index=12&type=section&id=Parent%20Company%20Financial%20Statements) This section presents the parent company's balance sheet, income statement, and cash flow statement for the reporting period [Parent Company Balance Sheet](index=12&type=section&id=2.%20Parent%20Company%20Balance%20Sheet) The parent company balance sheet shows total assets of CNY 5.17 billion and total owner's equity of CNY 4.01 billion as of March 31, 2020 Key Parent Company Balance Sheet Data (As of March 31, 2020) | Item | Amount (Billion CNY) | | :--- | :--- | | Total Assets | 5.17 | | Total Liabilities | 1.16 | | Total Owners' Equity | 4.01 | [Parent Company Income Statement](index=17&type=section&id=4.%20Parent%20Company%20Income%20Statement) The parent company income statement reports a net loss of CNY 21.78 million for the first quarter of 2020 Key Parent Company Income Statement Data (January-March 2020) | Item | Amount (Million CNY) | | :--- | :--- | | Operating Revenue | 374.26 | | Operating Costs | 310.00 | | Operating Profit | -21.62 | | Total Profit | -21.78 | | Net Profit | -21.78 | [Parent Company Cash Flow Statement](index=20&type=section&id=6.%20Parent%20Company%20Cash%20Flow%20Statement) The parent company cash flow statement indicates a net cash inflow from operating activities of CNY 229.87 million for the first quarter of 2020 Key Parent Company Cash Flow Statement Data (January-March 2020) | Item | Amount (Million CNY) | | :--- | :--- | | Subtotal Cash Inflows from Operating Activities | 524.44 | | Subtotal Cash Outflows from Operating Activities | 294.57 | | Net Cash Flow from Operating Activities | 229.87 | | Net Cash Flow from Investing Activities | -8.55 | | Net Cash Flow from Financing Activities | -96.38 | | Net Increase in Cash and Cash Equivalents | 127.04 | | Cash and Cash Equivalents at Period End | 194.24 | [Explanation of Financial Statement Adjustments](index=21&type=section&id=II.%20Explanation%20of%20Financial%20Statement%20Adjustments) The company adjusted its financial statements from January 1, 2020, due to the first-time adoption of new revenue recognition standards [First-Time Adoption Adjustments for New Revenue Standard](index=21&type=section&id=1.%20Adjustments%20to%20Beginning-of-Year%20Financial%20Statements%20Upon%20First-Time%20Adoption%20of%20New%20Revenue%20and%20Lease%20Standards%20from%202020) The company implemented new revenue standards from January 1, 2020, leading to reclassifications between accounts receivable, contract assets, and contract liabilities - The company adopted the new revenue standard from **January 1, 2020**, which requires revenue recognition when performance obligations are satisfied and control of goods is transferred to the customer[86](index=86&type=chunk)[90](index=90&type=chunk) - In accordance with the new revenue standard and related transition provisions, the company reclassified portions of accounts receivable representing rights to consideration for transferred goods (contingent on factors other than time) to **contract assets**, and reclassified prepayments for goods to be transferred to customers to **contract liabilities**[86](index=86&type=chunk)[90](index=90&type=chunk)[93](index=93&type=chunk) Key Consolidated Balance Sheet Adjustments (December 31, 2019 vs. January 1, 2020) | Item | Dec 31, 2019 (Million CNY) | Jan 1, 2020 (Million CNY) | Adjustment (Million CNY) | | :--- | :--- | :--- | :--- | | Accounts Receivable | 1,665.42 | 1,117.24 | -548.19 | | Inventories | 839.93 | 933.97 | 94.04 | | Contract Assets | | 398.25 | 398.25 | | Deferred Income Tax Assets | 46.86 | 51.14 | 4.28 | | Advances from Customers | 17.76 | | -17.76 | | Contract Liabilities | | 17.76 | 17.76 | | Retained Earnings | 990.00 | 965.74 | -24.26 | [Audit Report](index=25&type=section&id=III.%20Audit%20Report) The company's first-quarter report remains unaudited - The company's first-quarter report is **unaudited**[94](index=94&type=chunk)

Financial Performance - Operating revenue for the reporting period was ¥1,555,210,155.10, representing a slight increase of 0.13% year-on-year[10]. - Net profit attributable to shareholders was ¥111,701,235.63, an increase of 3.25% compared to the same period last year[10]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥100,661,317.31, a decrease of 5.69% year-on-year[10]. - Basic earnings per share were ¥0.2112, up 3.28% year-on-year, while diluted earnings per share were ¥0.2098, up 3.25%[10]. - The total comprehensive income attributable to the parent company was ¥111,701,235.63, up from ¥108,181,682.80, reflecting an increase of approximately 4.66%[72]. - Net profit for the current period was ¥128,942,821.09, compared to ¥126,428,519.43 in the previous period, indicating an increase of approximately 1.98%[69]. - Net profit attributable to the parent company was approximately ¥228.17 million, a decrease from ¥284.71 million in the previous period, representing a decline of about 20%[83]. - Total comprehensive income amounted to ¥264.92 million, down from ¥336.92 million, reflecting a decrease of approximately 21%[83]. Cash Flow - The net cash flow from operating activities was ¥261,266,882.33, an increase of 65.54% compared to the same period last year[10]. - The net cash flow from operating activities increased by 55.60% to ¥56,245.17 million, driven by increased note settlements and tax refunds[26]. - The net cash flow from operating activities was 562,451,696.82, an increase from 361,468,181.37 in the previous period, reflecting a growth of approximately 55.6%[93]. - The total cash outflow from operating activities was 3,821,554,310.62, down from 4,145,872,567.11, indicating a decrease of about 7.8%[93]. - Cash inflow from financing activities totaled 1,568,936,612.88, compared to 1,934,446,249.64 in the previous period, a decrease of approximately 18.9%[93]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥8,332,589,818.66, a decrease of 1.84% compared to the end of the previous year[10]. - The company's cash and cash equivalents decreased by 46.92% to ¥44,695.26 million due to equity distribution and repayment of bank loans during the reporting period[23]. - Total liabilities decreased to CNY 3,382,495,013.27 from CNY 3,596,931,960.99, a reduction of about 6.0%[53]. - Current liabilities totaled CNY 2,759,621,972.29, down from CNY 2,998,483,806.83, indicating a decrease of approximately 8.0%[53]. - Total equity attributable to shareholders increased to CNY 4,636,013,315.00 from CNY 4,575,537,067.17, representing a growth of about 1.3%[56]. Investment and Expenses - Investment income increased by 459.72% to ¥489.47 million, attributed to reduced losses from joint ventures and increased returns from financial products[24]. - Financial expenses rose by 87.58% to ¥3,367.52 million, largely due to reduced foreign exchange gains from currency fluctuations[24]. - Research and development expenses for the current period were ¥54,812,285.98, down from ¥71,013,818.66, a decrease of approximately 22.73%[69]. - Research and development expenses rose to ¥58.04 million, up from ¥43.53 million, reflecting an increase of about 33%[86]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,818[14]. - The largest shareholder, Guangdong Science and Technology Venture Investment Co., Ltd., held a 19.23% stake in the company[14]. Future Projections - The estimated net profit for 2019 is projected to be between 31,298.00 million and 34,665.00 million RMB, representing a year-on-year decline of 20.14% to 11.55%[31]. - Considering goodwill impairment, the net profit is expected to range from 1,298.00 million to 9,665.00 million RMB, indicating a significant decline of 96.14% to 71.28% year-on-year[31]. - The company anticipates a loss of approximately 20 million RMB due to reduced orders and delayed new model launches at Baolong Automotive[32].

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 2,744,662,596.07, representing a 2.44% increase compared to CNY 2,679,246,938.53 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 34.02% to CNY 116,469,472.49 from CNY 176,530,280.82 year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 112,697,080.56, down 27.16% from CNY 154,727,541.07 in the previous year[22]. - Basic and diluted earnings per share were both CNY 0.22, a decrease of 33.33% from CNY 0.33 in the previous year[22]. - The weighted average return on net assets was 2.51%, down 1.48 percentage points from 3.99% in the previous year[22]. - The company reported a decrease in construction in progress by 21.55%, with a year-end balance of 367.97 million yuan, primarily due to the completion of the new factory and part of the ongoing projects[33]. - The die-casting business generated revenue of RMB 185,750.53 million, up 4.75% year-on-year, but the net profit decreased by 15.71% to RMB 10,925.05 million due to tariffs on exports to the US[44]. - The automotive trim business recorded revenue of RMB 83,148.52 million, a slight decline of 0.71%, with net profit down 25.60% to RMB 3,552.22 million[45]. - The specialized vehicle segment's revenue fell by 20.10% to RMB 5,416.32 million, with a significant net loss of RMB 1,156.51 million, a decline of 472.54%[46]. - The expected net profit for the first three quarters of 2019 is projected to decline by 20% to 35%, ranging from CNY 185.06 million to CNY 227.77 million, compared to CNY 284.71 million in the same period of 2018[88]. Cash Flow and Assets - The net cash flow from operating activities increased by 47.90% to CNY 301,184,814.49, compared to CNY 203,645,650.35 in the same period last year[22]. - Total assets at the end of the reporting period were CNY 8,203,803,846.56, a decrease of 3.36% from CNY 8,488,879,586.90 at the end of the previous year[22]. - Cash and cash equivalents decreased by 40.00%, ending at 505.18 million yuan, mainly due to equity distribution and repayment of short-term loans[33]. - Other receivables increased by 31.03%, reaching 17.47 million yuan, attributed to an increase in warranty deposits, bid guarantees, and warehouse rental guarantees[33]. - The company's total assets at the end of the reporting period were ¥8,195,000,000, with cash and cash equivalents amounting to ¥505,183,629, a decrease of 3.82% from the previous year[57]. - Accounts receivable decreased to approximately ¥1.55 billion as of June 30, 2019, compared to ¥1.68 billion at the end of 2018, indicating a reduction of about 8%[196]. - Total liabilities and equity structure indicates a shift in asset management strategies, focusing on enhancing non-current asset investments[199]. Investments and Projects - The company invested a total of ¥824,396,831 in the first half of 2019, marking a 9.14% increase compared to the same period last year[63]. - The total committed investment for the project of producing 5 million automotive interior parts is CNY 28,200 million, with an actual investment of CNY 2,481.4 million during the reporting period, resulting in an investment progress of 33.42%[68]. - The cumulative investment for the project of acquiring 100% equity of Ningbo Siwei is CNY 65,788.1 million, with the project achieving 100% investment progress[68]. - The total committed investment for all projects is CNY 93,988.1 million, with a cumulative investment of CNY 75,213.27 million[68]. - The actual benefits realized from the project of acquiring Ningbo Siwei amounted to CNY 2,775.94 million[68]. Research and Development - Research and development expenses increased by 37.57% to RMB 135,636,528.25, reflecting the company's commitment to innovation and talent development[49]. - The company launched 19 new products in the first half of 2019, with 58% focused on high-precision and new energy products[44]. Environmental Compliance - The company reported a total wastewater discharge of 48,000 tons in the first half of the year, with no exceeding of environmental standards[130]. - The company has a total of 4 emission outlets for wastewater and 4 for exhaust gas, all compliant with the relevant pollution discharge standards[130]. - The company has implemented a real-time monitoring system for wastewater and air emissions, ensuring compliance with environmental regulations[137]. - The company’s wastewater treatment facilities have been operational since May 2017, utilizing oxidation-reduction and reverse osmosis processes[138]. Shareholder Information - The total number of shares after the recent changes is 532,363,366, with a decrease of 75,000 shares[155]. - The number of restricted shares held by shareholders decreased by 61,425 shares, resulting in a total of 106,787,662 restricted shares, representing 20.06% of total shares[155]. - The company’s major shareholders include 高要鸿图工业有限公司 with 62,492,395 shares and 广东省科技创业投资有限公司 with 56,776,938 shares[172]. - The total number of shareholders holding ordinary shares at the end of the reporting period was 20,621, with a total of 10 shareholders holding more than 5%[164]. Risks and Challenges - The company faces potential goodwill impairment risks due to significant goodwill arising from acquisitions[6]. - The company is affected by US tariffs on exports, which may impact financial performance, and is exploring various strategies to mitigate these effects[92]. - The automotive parts sector is under pressure due to a sluggish market, prompting the company to enhance customer relationships and diversify into new product areas such as new energy vehicles and 5G components[92].

Financial Performance - Revenue for Q1 2019 was CNY 1,292,998,983.33, a decrease of 2.12% compared to CNY 1,321,048,172.30 in the same period last year[10] - Net profit attributable to shareholders was CNY 46,581,873.52, down 14.69% from CNY 54,601,592.20 year-on-year[10] - Basic earnings per share decreased to CNY 0.0879, down 14.91% from CNY 0.1033 in the same period last year[10] - The net profit attributable to shareholders for the first half of 2019 is expected to decrease by 30.00% to 10.00%, with an estimated range of 12,357.12 to 15,887.73 million yuan[23] - Net profit for the current period is $51,641,086.44, a decline of 23.5% compared to $67,512,970.30 in the previous period[55] - Operating profit decreased to $64,362,618.93, down 17.0% from $77,381,927.84[52] - The company reported a total profit of $63,224,439.24, a decrease of 21.0% from $80,094,821.78 in the previous period[55] - The company’s total comprehensive income for the current period is $51,641,086.44, down from $67,512,970.30[55] Cash Flow - Net cash flow from operating activities increased significantly to CNY 119,450,309.75, a rise of 575.63% compared to CNY 17,679,855.98 in the previous year[10] - Cash flow from operating activities for the first quarter of 2019 increased by 575.63% year-on-year, reaching 119.45 million yuan, driven by increased collections and reduced cash outflows for raw materials[20] - Operating cash inflow for the period was CNY 1,527,402,544.54, an increase of 9.1% compared to CNY 1,400,465,542.75 in the previous period[64] - Net cash flow from operating activities was CNY 119,450,309.75, significantly up from CNY 17,679,855.98 in the previous period[64] - Cash inflow from financing activities was CNY 666,349,559.07, slightly down from CNY 686,420,493.21 in the previous period[67] - Net cash flow from financing activities was CNY 124,269,443.96, down from CNY 149,746,569.32 in the previous period[67] - The net increase in cash and cash equivalents for the period was CNY 53,382,645.35, compared to CNY 5,090,311.93 in the previous period[67] - The ending balance of cash and cash equivalents was CNY 761,928,562.89, up from CNY 747,581,312.58 in the previous period[67] Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,384,308,816.86, a decrease of 1.23% from CNY 8,488,879,586.90 at the end of the previous year[10] - Total liabilities decreased from ¥3,596,931,960.99 to ¥3,452,558,356.17, a reduction of approximately 4.0%[41] - Current liabilities decreased from ¥2,998,483,806.83 to ¥2,727,541,103.60, a decrease of about 9.0%[41] - Long-term borrowings increased from ¥518,367,509.07 to ¥643,029,611.94, an increase of approximately 24.0%[41] - Total equity increased from ¥4,891,947,625.91 to ¥4,931,750,460.69, reflecting a growth of about 0.8%[41] - Total assets as of March 31, 2019, amounted to 83.84 billion yuan, a decrease from 84.89 billion yuan at the end of 2018[32] - The company reported accounts receivable of ¥1,682,515,761.08 and inventory valued at ¥788,798,294.98[74] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,745[14] - The largest shareholder, Guangdong Science and Technology Venture Investment Co., Ltd., held 17.99% of the shares, totaling 95,773,700 shares[14] - The company did not engage in any repurchase transactions during the reporting period[17] Research and Development - R&D expenses increased by 46.73% year-on-year, amounting to 67.43 million yuan, reflecting the company's increased investment in research and development[20] - Research and development expenses increased significantly to $67,432,370.99, up 46.6% from $45,958,267.12[52] Other Income and Expenses - The company reported non-operating income of CNY 1,075,082.39 for the period, after accounting for tax and minority interests[10] - Other business income decreased by 62.41% year-on-year, from 448.30 million yuan to 168.52 million yuan, due to a reduction in returns from tooling revenue[20] - Financial expenses decreased by 37.69% year-on-year to 24.16 million yuan, primarily due to a reduction in exchange losses[20] - The company reported an investment income of 0.75 million yuan, a significant increase compared to a loss of 0.06 million yuan in the previous year[20] - The company’s financial expenses decreased to $24,164,937.65, down 37.5% from $38,784,254.65[52] - The company’s investment income improved to $748,356.03 from a loss of $60,000.00 in the previous period[52]

Acquisitions and Investments - The company completed the acquisition of 60% of Guangdong Baolong Automobile Co., Ltd. and 100% of Ningbo Siweier Industrial Co., Ltd., which has increased the goodwill on the balance sheet, posing a risk of impairment if expected returns are not realized[7] - The company plans to expand its investment business through its subsidiaries, focusing on industry funds and mergers and acquisitions to support strategic development[39] - The total committed investment for the acquisition of 100% equity of Ningbo Siweier is CNY 657.88 million, with 100% of the funds utilized as of the reporting period[98] - The total committed investment for the annual production project of 5 million automotive decorative parts has a total committed investment of CNY 282 million, with CNY 69.44 million invested in the reporting period, representing 24.62% of the total investment[98] - The cumulative investment for all committed projects reached CNY 727.32 million by the end of the reporting period, with a reported benefit of CNY 115.55 million from the projects[98] Financial Performance - The company's operating revenue for 2018 was ¥6,060,102,532.27, representing a 21.14% increase compared to ¥5,002,622,983.12 in 2017[26] - The net profit attributable to shareholders for 2018 was ¥336,540,062.40, up 15.51% from ¥291,341,538.60 in 2017[26] - The net profit after deducting non-recurring gains and losses was ¥307,237,265.18, reflecting a 15.91% increase from ¥265,056,101.08 in 2017[26] - The total profit reached CNY 46,435.67 million, an increase of 20.65% compared to the previous year[52] - Net profit attributable to shareholders was CNY 33,654.01 million, up by 15.51% year-on-year[52] Revenue Segments - The die-casting business generated revenue of CNY 377,411 million, with a growth of 11.54%[53] - Revenue from the specialized vehicle segment grew by 91.99%, with net profit soaring by 202.48%[55] - The casting manufacturing sector generated ¥3,650,562,799.56, accounting for 60.24% of total revenue, with a growth of 11.74% from the previous year[68] - The injection molding manufacturing sector saw a revenue of ¥1,933,961,539.64, which is 31.91% of total revenue, marking a significant increase of 33.60% year-on-year[68] - The automotive modification sector experienced a remarkable growth of 94.46%, with revenue reaching ¥310,185,706.26, up from ¥159,514,549.00 in 2017[68] Cash Flow and Assets - The company reported a decrease of 15.05% in net cash flow from operating activities, totaling ¥566,745,213.06 in 2018 compared to ¥667,134,290.33 in 2017[26] - The company's total assets at the end of 2018 were ¥8,488,879,586.90, a 7.52% increase from ¥7,895,426,195.63 at the end of 2017[28] - The net assets attributable to shareholders increased by 5.41% to ¥4,575,537,067.17 at the end of 2018 from ¥4,340,541,694.18 at the end of 2017[28] - The company's cash and cash equivalents decreased by 108.79%, resulting in a net decrease of CNY 40,210,611.20[85] - As of the end of 2018, accounts receivable amounted to CNY 1,682,515,761.08, accounting for 19.82% of total assets, reflecting an increase due to revenue growth[88] Research and Development - The company successfully developed 12 new energy three-electric systems and 36 body/chassis systems, along with 31 high-precision aluminum structural components[61] - The company's R&D investment amounted to ¥273,799,594.61, representing a 50.72% increase compared to the previous year[84] - R&D expenses accounted for 4.52% of total revenue, up by 0.89 percentage points from the previous year[84] - The company has focused on R&D in new energy, lightweight, and intelligent safety protection products, resulting in various innovative outcomes[61] Dividend Policy - The profit distribution plan approved by the board proposes a cash dividend of 3.15 RMB per 10 shares (including tax), with no bonus shares issued[10] - The cash dividends for 2018 represent 49.83% of the net profit attributable to ordinary shareholders, which was 336,540,062.40 CNY[132] - The total cash dividend amount for 2018 is 167,694,460.29 CNY, representing 100% of the total distributable profit[133] - The company has committed to maintaining independence and avoiding competition with its major shareholders[138] - The company plans to continue its cash dividend policy in a transparent manner, with clear conditions for any adjustments[127] Operational Efficiency and Future Plans - The company aims to achieve stable sales, profits, production, and workforce amidst challenges such as declining automotive sales and trade tensions[118] - The company plans to enhance operational efficiency by controlling costs and improving asset utilization, targeting a net asset return rate[119] - The company will focus on high-value markets such as new energy, lightweight, and intelligent products, while phasing out low-margin clients and products[121] - A new R&D innovation center will be established to leverage local academic resources for advanced technology research and smart manufacturing[122] - The company anticipates a more complex operating environment in 2019 due to various uncertainties, including trade wars and rising costs[117] Related Party Transactions and Commitments - The company has committed to fair and equitable market principles in related party transactions[140] - The company guarantees that there is no direct or indirect competition with Guangdong Hongtu and will not engage in similar business activities[145] - The company will ensure that any future business opportunities that may compete with Guangdong Hongtu are first offered to Guangdong Hongtu under reasonable terms[145] - The commitments made by the company are long-term and currently being fulfilled[145] - The company has pledged to comply with any new regulatory requirements set by the China Securities Regulatory Commission regarding return measures[152]

广东鸿图科技股份有限公司 2018 年第三季度报告正文 证券代码：002101 证券简称：广东鸿图 公告编号：2018-79 广东鸿图科技股份有限公司 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。 公司负责人黎柏其、主管会计工作负责人徐飞跃及会计机构负责人(会计主 管人员)刘刚年声明：保证季度报告中财务报表的真实、准确、完整。 1 广东鸿图科技股份有限公司 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） | 8,359,843,696.71 | | 7,895,426,195.63 | 5.88% | | 归属于上市公司股东的净资产 | 4,514,285,268.23 ...