Financial Performance - The company's operating revenue for 2018 was CNY 3,405,354,746.39, representing a 12.71% increase compared to CNY 3,021,430,813.37 in 2017[24] - The net profit attributable to shareholders of the listed company was CNY 342,300,349.63, a 2.14% increase from CNY 335,133,429.65 in the previous year[24] - The net cash flow from operating activities reached CNY 728,810,333.17, a significant increase of 1,056.29% compared to a negative cash flow of CNY -91,070,060.52 in 2017[24] - The basic earnings per share remained at CNY 0.30, unchanged from the previous year[24] - The weighted average return on net assets was 8.41%, a decrease of 0.57% from 8.98% in 2017[24] - Total assets increased to ¥6,394,059,726.09, reflecting a 2.25% increase compared to the previous adjustment[27] - Net assets attributable to shareholders rose to ¥4,225,069,688.71, marking an 8.35% increase from the previous adjustment[27] - The total profit reached CNY 405.44 million, reflecting a growth of 2.46% compared to the previous year[64] - The net profit attributable to shareholders was CNY 342.30 million, up by 2.14% year-on-year[64] - Domestic sales accounted for 87.81% of total revenue, amounting to ¥2,990,339,694.63, while foreign sales increased by 54.77% to ¥415,015,051.76, representing 12.19% of total revenue[71] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.31 for every 10 shares, with no bonus shares issued[7] - The cash dividend distribution for 2017 was 0.30 CNY per 10 shares, amounting to 33,826,619.34 CNY[129] - The cash dividend for 2016 was 0.18 CNY per 10 shares, totaling 20,247,510.06 CNY[128] - The total distributable profit for the year 2018 is 1,492,361,672.04 CNY[133] - The cash dividend amount represents 10.21% of the net profit attributable to ordinary shareholders for the year 2018[132] - The company has not made any adjustments to its cash dividend policy during the reporting period[128] - The company's profit distribution policy is stable and complies with the company's articles of association and shareholder resolutions[127] Market and Product Development - The company is focused on expanding its market presence and enhancing its product development capabilities[6] - The company continues to focus on the production of crankshafts and connecting rods, which are core components of internal combustion engines[41] - In 2018, the company's heavy-duty engine crankshaft segment achieved revenue of 1.564 billion yuan, a year-on-year increase of 5.26%[45] - The connecting rod segment experienced rapid growth, with revenue of 652 million yuan in 2018, up 40.48% year-on-year, accounting for 19% of total revenue[45] - The company has developed over 10 proprietary products and holds more than 200 patents, including over 50 invention patents[56] - The company has established strategic partnerships with major manufacturers, receiving multiple awards for best supplier and excellent supplier in 2018[54] - The company operates a comprehensive marketing network with over 200 regional agents and exclusive dealers across 31 provinces[43] Research and Development - The company emphasizes technology innovation and has established multiple research and development platforms, including partnerships with universities and research institutes[55] - Research and development expenses amounted to CNY 140,313,108.59 in 2018, reflecting an 11.52% increase from CNY 125,822,459.02 in 2017[89] - The number of R&D personnel increased to 312, up by 0.97% from 309 in 2017, while the proportion of R&D personnel decreased to 10.00% from 11.24%[89] - The company initiated 26 major technology innovation projects, completing 11 of them, and applied for 21 patents[65] Operational Efficiency - The company completed the construction of 7 intelligent production lines capable of data collection and analysis, improving operational efficiency[65] - The company operates a flexible production model, allowing for rapid product changeovers and new product development capabilities[44] - The company has established 197 company-level systems and 160 cross-departmental processes to enhance management efficiency[68] - The company emphasized quality management, achieving ISO9001 and IATF16949 certifications, and implemented a zero-defect culture[65] Customer and Supplier Relations - The company emphasizes customer satisfaction and has set up measurement standards for customer loyalty and satisfaction[196] - The company has maintained a commitment to protecting supplier rights and ensuring fair procurement processes[196] - The company has a commitment to avoid competition with similar products and to minimize related party transactions, ensuring fair trading practices[136] Corporate Governance and Compliance - The company has established a sound corporate governance structure, ensuring shareholder rights and transparent information disclosure[193] - The company has a long-term commitment to comply with legal regulations regarding related party transactions and to ensure transparency in disclosures[136] - The company has not engaged in any significant guarantees or entrusted loan activities during the reporting period[188][191] - The company has not faced any penalties or rectification issues during the reporting period[157] Employee Welfare and Social Responsibility - Employee welfare is a priority, with efforts to improve salary and benefits through collective bargaining and a fair compensation system[197] - The company conducts regular health check-ups for employees and provides support for sick employees and retirees, demonstrating a commitment to employee welfare[198] - The company has established a corporate social responsibility framework based on values like integrity, respect, and innovation, aiming to provide excellent service to customers and good returns to shareholders[198] - The company has been recognized as a "Provincial Contract-abiding and Trustworthy Enterprise" and a "National Contract-abiding and Trustworthy Enterprise," reflecting its commitment to lawful and honest operations[198]

天润曲轴股份有限公司 2018 年第三季度报告正文 证券代码：002283 证券简称：天润曲轴 公告编号：2018-046 天润曲轴股份有限公司 2018年第三季度报告正文 2018年10月 1 天润曲轴股份有限公司 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。 公司负责人邢运波、主管会计工作负责人刘立及会计机构负责人(会计主管 人员)姜伟声明：保证季度报告中财务报表的真实、准确、完整。 2 天润曲轴股份有限公司 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 非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -88,056.54 | | | 计入当期损益的政府补助（与企业业务密切 ...

天润曲轴股份有限公司 2018 年半年度报告全文 天润曲轴股份有限公司 2018年半年度报告 2018年08月 1 天润曲轴股份有限公司 2018 年半年度报告全文 第一节 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。 公司负责人邢运波、主管会计工作负责人刘立及会计机构负责人(会计主管 人员)姜伟声明：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。 本报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，投 资者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与 承诺之间的差异。 公司在本报告第四节"经营情况讨论与分析"中"十、公司面临的风险和应对 措施"部分，详细描述了公司经营中可能存在的风险，敬请投资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 2 | | --- | --- | | 第二节 | 公司简介和主要财务指标 5 | | 第三节 | 公 ...

天润曲轴股份有限公司 2018 年第一季度报告正文 证券代码：002283 证券简称：天润曲轴 公告编号：2018-025 天润曲轴股份有限公司 2018年第一季度报告正文 2018年4月 1 天润曲轴股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人邢运波、主管会计工作负责人刘立及会计机构负责人(会计主管 人员)姜伟声明：保证季度报告中财务报表的真实、准确、完整。 2 天润曲轴股份有限公司 2018 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 880,321,377.68 | 518,475,846.73 | 69.79% | | 归属于上市公司股东的净利润（元） | ...

天润曲轴股份有限公司 2017 年年度报告全文 天润曲轴股份有限公司 2017年年度报告 2018年04月 1 天润曲轴股份有限公司 2017 年年度报告全文 第一节 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。 公司负责人邢运波、主管会计工作负责人刘立及会计机构负责人(会计主管 人员)姜伟声明：保证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。 本年度报告涉及未来计划及发展战略等前瞻性陈述，不构成公司对投资者 的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理 解计划、预测与承诺之间的差异。 公司在本报告第四节"经营情况讨论与分析"中"九、公司未来发展的展望" 部分，详细描述了公司经营中可能存在的风险，敬请投资者关注相关内容。 公司经本次董事会审议通过的利润分配预案为：以公司未来实施分配方案 时股权登记日的总股本为基数，向全体股东每 10股派发现金红利0.30元（含税）， 送红股 0 股（含税），不以公积金转增股本。 2 | 第 ...

天润曲轴股份有限公司 2017 年第三季度报告正文 2 证券代码：002283 证券简称：天润曲轴 公告编号：2017-035 天润曲轴股份有限公司 2017年第三季度报告正文 2017年10月 1 天润曲轴股份有限公司 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。 公司负责人邢运波、主管会计工作负责人刘立及会计机构负责人(会计主管 人员)姜伟声明：保证季度报告中财务报表的真实、准确、完整。 天润曲轴股份有限公司 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） | 5,977,976,981.26 | | 5,123,671,071.74 | 16.67% | | 归属于 ...

天润曲轴股份有限公司 2017 年半年度报告全文 天润曲轴股份有限公司 2017年半年度报告 2017年08月 1 天润曲轴股份有限公司 2017 年半年度报告全文 第一节 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。 公司负责人邢运波、主管会计工作负责人刘立及会计机构负责人(会计主管 人员)姜伟声明：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。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承 诺，请投资者注意投资风险。 公司在本报告第四节"经营情况讨论与分析"中"十、公司面临的风险和应对 措施"部分，详细描述了公司经营中可能存在的风险，敬请投资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 第一节 | 重要提示、目录和释义 | 2 | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标 | 5 | | 第三节 | 公司业务概要 | 8 | | 第四节 | ...

[Important Notice](index=2&type=section&id=Section%201%20Important%20Notice) The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, assuming legal responsibility [Board of Directors' Statement](index=2&type=section&id=Board%20of%20Directors%2C%20Supervisory%20Board%20and%20Senior%20Management%20Statement) The Board of Directors, Supervisory Board, and senior management ensure the report's truthfulness, accuracy, and completeness, assuming legal responsibility - The company's Board of Directors, Supervisory Board, and senior management guarantee the report's content is true, accurate, and complete, free from false records, misleading statements, or major omissions, and assume legal responsibility[4](index=4&type=chunk) - Company head Xing Yunbo, chief accountant Liu Li, and head of accounting department Jiang Wei declare the financial statements in the quarterly report are true, accurate, and complete[5](index=5&type=chunk) [Company Profile](index=3&type=section&id=Section%202%20Company%20Profile) This section presents the company's key financial performance indicators and shareholder structure for the reporting period [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2017, the company achieved significant performance growth with revenue up 61.02% and net profit attributable to shareholders up 145.92%, despite a 214.51% decrease in net operating cash flow Key Financial Indicators for Q1 2017 | Indicator | Current Period | Prior Year Period | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 518,475,846.73 | 321,997,480.91 | +61.02% | | Net Profit Attributable to Shareholders (CNY) | 57,881,962.04 | 23,536,784.12 | +145.92% | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains and Losses (CNY) | 45,289,332.66 | 15,181,336.65 | +198.32% | | Net Cash Flow from Operating Activities (CNY) | -83,371,703.41 | 72,809,075.84 | -214.51% | | Basic Earnings Per Share (CNY/share) | 0.05 | 0.04 | +25.00% | | Weighted Average Return on Net Assets | 1.61% | 0.70% | +0.91 percentage points | - During the reporting period, total non-recurring gains and losses amounted to **CNY 12,592,629.38**, primarily comprising **CNY 14,967,087.90** in government subsidies[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Total%20Number%20of%20Shareholders%20and%20Top%20Ten%20Shareholders%20at%20Period-End) As of the reporting period end, the company had 61,980 common shareholders, with controlling shareholder Tianrun United Group Co., Ltd. holding 38.90%, and no related parties or concerted actions among the top ten shareholders - As of the end of the reporting period, the company had **61,980** common shareholders[11](index=11&type=chunk) Top Three Shareholders' Holdings | Shareholder Name | Shareholder Type | Holding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Tianrun United Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 38.90% | 437,479,600 | | Liu Bangjun | Domestic Natural Person | 2.22% | 24,920,224 | | Qiu Xinfei | Domestic Natural Person | 0.75% | 8,408,002 | - There are no related-party relationships or concerted actions between the company's controlling shareholder and other top ten shareholders[12](index=12&type=chunk) [Significant Matters](index=6&type=section&id=Section%203%20Significant%20Matters) This section details major financial data changes, progress of significant corporate events, fulfillment of commitments, and the half-year performance forecast [Analysis of Major Financial Data Changes](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Major%20Financial%20Data%20and%20Indicators%20in%20the%20Reporting%20Period) During the reporting period, the company's financial data changed significantly, with revenue and operating costs increasing by 61.02% and 55.20% respectively due to heavy truck market recovery, while operating cash flow decreased by 214.51% due to increased purchases - Operating revenue increased by **61.02%** year-on-year, primarily due to the recovery of the heavy truck market and increased sales revenue in the current period[16](index=16&type=chunk) - Net cash flow from operating activities decreased by **214.51%** year-on-year, mainly due to increased cash payments for goods purchased in the current period[16](index=16&type=chunk) Major Balance Sheet Changes | Item | Change Percentage | Primary Reason for Change | | :--- | :--- | :--- | | Prepayments | +53.72% | Increase in prepaid material costs | | Advances from Customers | +117.34% | Increase in advances received from customers | | Cash and Cash Equivalents | -39.35% | Decrease in bank deposits | | Other Receivables | -49.54% | Due to expensing of reorganization costs | [Progress of Significant Matters](index=6&type=section&id=II.%20Analysis%20of%20Progress%20Impact%20and%20Solutions%20for%20Significant%20Matters) During the reporting period, the company terminated a major asset restructuring (acquisition of 100% equity in Dongguan Hongtu) and advanced its equity incentive plan, with some stock options already exercised - On April 7, 2017, the company's Board of Directors decided to terminate the major asset restructuring for the acquisition of **100% equity in Dongguan Hongtu** and applied to the China Securities Regulatory Commission to withdraw relevant documents[23](index=23&type=chunk) - The company believes that the termination of this major asset restructuring will not have a significant adverse impact on its current production and operation activities[23](index=23&type=chunk) - The company's equity incentive plan is ongoing; as of March 31, 2017, **5,329,448** options have been exercised, resulting in the issuance of **5,329,448** new shares[25](index=25&type=chunk) [Fulfillment of Commitments](index=8&type=section&id=III.%20Unfulfilled%20Commitments%20by%20Controlling%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company%20in%20the%20Reporting%20Period) During the reporting period, commitments made by controlling shareholder Tianrun United Group Co., Ltd. and actual controller Xing Yunbo regarding avoiding competition and regulating related-party transactions were strictly fulfilled - Controlling shareholder Tianrun United Group and actual controller Xing Yunbo made long-term commitments to avoid horizontal competition and reduce related-party transactions[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) - During the reporting period, all relevant parties strictly fulfilled their commitments on time, with no overdue unfulfilled commitments[29](index=29&type=chunk) [2017 Half-Year Performance Forecast](index=11&type=section&id=IV.%20Forecast%20of%20Operating%20Performance%20for%20January-June%202017) The company forecasts a 40% to 70% year-on-year increase in net profit attributable to shareholders for H1 2017, driven by increased orders from the heavy truck and construction machinery markets, alongside improved cost management and production efficiency 2017 January-June Performance Forecast | Indicator | Forecast Range | | :--- | :--- | | Change in Net Profit Attributable to Shareholders | 40.00% to 70.00% | | Net Profit Attributable to Shareholders (CNY 10,000) | 11,288.59 to 13,707.58 | - Key drivers for performance growth include increased orders from the heavy truck and construction machinery markets, growth in new customer and product sales, efficiency improvements from automation and cost management, and full utilization of production capacity[30](index=30&type=chunk)

Financial Performance - The company's operating revenue for 2016 was ¥1,821,508,334.26, representing a 7.79% increase compared to ¥1,689,835,021.92 in 2015[16] - The net profit attributable to shareholders for 2016 was ¥194,296,829.19, a 29.31% increase from ¥150,261,172.82 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥162,251,702.90, up 21.74% from ¥133,279,074.02 in 2015[16] - The basic earnings per share for 2016 was ¥0.17, a 30.77% increase compared to ¥0.13 in 2015[16] - The total assets at the end of 2016 were ¥5,123,671,071.74, reflecting a 7.05% increase from ¥4,786,077,566.42 at the end of 2015[16] - The net assets attributable to shareholders increased by 5.88% to ¥3,555,011,092.09 from ¥3,357,727,487.96 in 2015[16] - The total profit for 2016 was 232.19 million yuan, an increase of 55.98 million yuan, reflecting a growth of 31.77% year-over-year[40] - The revenue from engine and marine crankshafts accounted for 78.69% of total revenue, with a year-on-year growth of 9.98%[48] - Domestic sales contributed CNY 1,652,440,088.56, accounting for 90.72% of total revenue, with an 8.85% increase compared to 2015[48] Cash Flow and Investments - The net cash flow from operating activities decreased by 21.60% to ¥381,361,726.22 from ¥486,419,950.45 in the previous year[16] - The total cash inflow from financing activities dropped by 51.60% to ¥784,053,718.08, while cash outflow decreased by 52.33% to ¥842,647,470.22[62] - The net increase in cash and cash equivalents was ¥8,978,551.36, reflecting a decline of 27.78% year-over-year[62] - The total investment amount for the reporting period was ¥282,979,850.64, representing a decrease of 3.98% compared to the previous year[68] - The company utilized ¥7,227.70 million of raised funds in 2016, with a cumulative total of ¥106,627.59 million used since the previous years[75] Market and Industry Trends - In 2016, the domestic automobile market saw a total sales volume of 28.02 million units, a 13.65% increase from 2015, with passenger car sales growing by 14.93%[28] - The heavy truck market in China is expected to continue steady growth, driven by logistics demand and replacement needs, following a rebound in 2016[28] - The automotive parts industry is experiencing rapid growth, driven by the expansion of the vehicle market and service maintenance sector[28] - The company is positioned to benefit from the ongoing transformation of the automotive industry towards internet integration, new energy, and smart technologies[31] - The company has identified opportunities in the growing Chinese automotive market, which has seen a record high in sales and continues to have room for growth[84] Research and Development - The company has a strong research and development capability, collaborating with clients to develop new products and improve existing ones[27] - The company successfully developed 81 new crankshaft products, with 36 entering mass production, and also completed the development of 27 new connecting rod products[40] - The company applied for 23 patents in 2016, including 5 invention patents and 19 utility model patents, enhancing its innovation capabilities[42] - Research and development expenses amounted to CNY 89,337,653.39, which is 4.88% of total operating revenue, up from 4.78% in the previous year[60] Production and Operations - The company has established a flexible production line that allows for rapid adjustment of product structure based on market demand, enhancing its competitive edge[33] - The company has completed the development of 36 new casting products and 33 new forging products in 2016, further expanding its product offerings[40] - The production volume of connecting rods increased by 43.47% to 1,034,784 units, indicating strong demand in the market[52] - The company is enhancing its production lines' automation and plans to gradually implement intelligent manufacturing to improve processing capabilities and product precision[37] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥0.18 per 10 shares to all shareholders[5] - The cash dividend represents 10.40% of the net profit attributable to ordinary shareholders for 2016, which was 194,296,829.19 yuan[104] - The company did not issue any bonus shares or increase capital from reserves for the 2016 fiscal year, with all undistributed profits carried forward[101] - The company has a stable profit distribution policy, ensuring that minority shareholders have the opportunity to express their opinions[100] Corporate Governance and Compliance - The company has established a governance structure to ensure shareholder rights and information transparency[143] - The company emphasizes environmental protection and resource efficiency in its operations[144] - The company is subject to regulatory approval for major asset restructuring projects, which may introduce uncertainty in the approval timeline[94] - Tianrun Crankshaft Co., Ltd. reported a commitment to avoid competition with its controlling shareholder, Tianrun United Group Co., Ltd., ensuring no investment in similar products to prevent direct or indirect competition[107] Employee and Management Information - The company employed a total of 2,719 staff, with 2,182 in production, 78 in sales, 302 in technical roles, 42 in finance, and 115 in administration[199] - The total compensation for the company's directors and senior management during the reporting period amounted to 3.29 million yuan[196] - The company has a total of 240,000 shares held by Zhou Xianzhong, a current executive vice president, which increased during the reporting period[173] - The company maintains a strong leadership team with a mix of experienced professionals, including several with over 30 years in the industry[175][176] Stock Options and Share Capital - The stock option incentive plan grants 13 million stock options, accounting for 2.32% of the company's total share capital of 559,411,764 shares[120] - The initial grant of stock options is 11.868 million, with 1.132 million reserved for future grants[120] - As of December 31, 2016, a total of 3,280,398 stock options were exercised, resulting in the issuance of 3,280,398 new shares[127] - The total share capital increased, leading to a dilution of earnings per share, with 2015 EPS adjusted to 0.13 RMB and 2016 EPS adjusted to 0.17 RMB[158]

Important Notice [Important Notice](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA) The Board of Directors, Board of Supervisors, and senior management guarantee the authenticity and completeness of this report - The Board of Directors, Board of Supervisors, and senior management ensure the quarterly report is **true, accurate, and complete**, free from false records or material omissions[4](index=4&type=chunk) - **All directors attended the board meeting** to review this quarterly report[5](index=5&type=chunk) - The Company Head, Chief Accountant, and Head of Accounting guarantee the **authenticity, accuracy, and completeness of the financial statements**[5](index=5&type=chunk) Key Financial Data and Shareholder Changes [Key Accounting Data and Financial Indicators](index=3&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) The company's Q3 revenue and net profit grew, but year-to-date operating cash flow significantly declined **Key Financial Indicators for Q3 2016 and Year-to-Date** | Indicator | Q3 | YoY Change (Q3) | YTD | YoY Change (YTD) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 372,781,304.73 | 11.31% | 1,188,467,523.38 | -0.36% | | Net Profit Attributable to Shareholders (CNY) | 43,812,023.32 | 35.91% | 124,444,840.43 | 9.06% | | Net Cash Flow from Operating Activities (CNY) | -- | -- | 305,320,255.42 | -44.15% | | Basic Earnings Per Share (CNY/Share) | 0.04 | -33.33% | 0.11 | -45.00% | | Weighted Average Return on Equity | 1.28% | 0.27% | 3.64% | 0.12% | - Year-to-date non-recurring gains and losses totaled **CNY 13.56 million**, primarily from **CNY 16.91 million in government subsidies**[9](index=9&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) The company had 29,111 common shareholders, with the controlling shareholder holding a 39.06% stake - As of the end of the reporting period, the company had **29,111 common shareholders**[12](index=12&type=chunk) **Top 10 Shareholders** | Shareholder Name | Shareholder Type | Shareholding Ratio | Number of Shares | | :--- | :--- | :--- | :--- | | Tianrun United Group Co., Ltd. | Domestic Non-State-Owned Legal Entity | 39.06% | 437,479,600 | | Bank of China - Aegon-Industrial Thematic Selected Hybrid Securities Investment Fund | Other | 3.00% | 33,600,000 | | Jiangxi Xintuo Investment Co., Ltd. | Domestic Non-State-Owned Legal Entity | 2.52% | 28,181,204 | | Liu Bangjun | Domestic Natural Person | 2.23% | 24,920,224 | | Shanghai Qiyi Investment Management Co., Ltd. - Qiyi No. 1 Private Equity Fund | Other | 1.26% | 14,067,600 | - The controlling shareholder, Tianrun United Group Co., Ltd., has **no related-party relationships or concerted actions** with other shareholders, and no such relationships are known among the top 10 shareholders[13](index=13&type=chunk) Important Matters [Changes in Key Financial Items and Reasons](index=6&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Significant changes occurred in financial items, driven by material procurement, sales incentives, and reduced cash collections - Balance sheet item changes: **Prepayments increased by 73.80%** and **accounts payable increased by 77.07%** due to higher material procurement; **Paid-in capital increased by CNY 560.54 million** from a 10-for-10 stock dividend[16](index=16&type=chunk) - Income statement item changes: **Selling expenses increased** due to higher sales incentives; **Asset impairment losses increased** due to higher provisions for bad debts on receivables[17](index=17&type=chunk) - Cash flow statement item changes: **Net cash from operating activities decreased by CNY 241.36 million** year-on-year, mainly due to reduced cash receipts from sales and increased tax payments[17](index=17&type=chunk) [Progress on Important Matters](index=6&type=section&id=%E4%BA%8C%E3%80%81%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9%E8%BF%9B%E5%B1%95%E6%83%85%E5%86%B5%E5%8F%8A%E5%85%B6%E5%BD%B1%E5%93%8D%E5%92%8C%E8%A7%A3%E5%86%B3%E6%96%B9%E6%A1%88%E7%9A%84%E5%88%86%E6%9E%90%E8%AF%B4%E6%98%8E) The company is advancing a major asset restructuring and has adjusted its stock option incentive plan - The company is undergoing a **major asset restructuring** to acquire a lightweight structural parts manufacturer, with trading resumed on October 12, 2016, but the matter remains uncertain pending approvals[18](index=18&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk) - Following the 2015 rights issue (10 shares for every 10 held), the stock option plan was adjusted: **initial grant exercise price was changed from CNY 8.076 to CNY 4.018**, and the **reserved option price was changed from CNY 20.7 to CNY 10.33**[23](index=23&type=chunk) [Fulfillment of Commitments](index=8&type=section&id=%E4%B8%89%E3%80%81%E5%85%AC%E5%8F%B8%E3%80%81%E8%82%A1%E4%B8%9C%E3%80%81%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E3%80%81%E6%94%B6%E8%B4%AD%E4%BA%BA%E3%80%81%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%88%96%E5%85%B6%E4%BB%96%E5%85%B3%E8%81%94%E6%96%B9%E5%9C%A8%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E5%8F%8A%E6%88%AA%E8%87%B3%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%B0%9A%E6%9C%AA%E5%B1%A5%E8%A1%8C%E5%AE%8C%E6%AF%95%E7%9A%84%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9) The company and its controlling shareholder have strictly fulfilled long-term commitments and completed a share increase pledge - The controlling shareholder and actual controller have **strictly fulfilled long-term commitments** since August 21, 2009, regarding the avoidance of horizontal competition and regulation of related-party transactions[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk) - The controlling shareholder's commitment from July 16, 2015, to **increase its shareholding by no less than CNY 38 million** was fulfilled on January 15, 2016[28](index=28&type=chunk) [2016 Annual Operating Performance Forecast](index=11&type=section&id=%E5%9B%9B%E3%80%81%E5%AF%B9%202016%20%E5%B9%B4%E5%BA%A6%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E7%9A%84%E9%A2%84%E8%AE%A1) The company forecasts 0% to 30% net profit growth for 2016, driven by market recovery and improved efficiency **2016 Annual Net Profit Forecast** | Item | Forecast | | :--- | :--- | | Net Profit Change | 0.00% to 30.00% | | Net Profit Range (CNY Million) | 150.26 to 195.34 | | 2015 Net Profit (CNY Million) | 150.26 | - The primary drivers for the performance change are **recovering demand in the heavy-duty truck market**, stable sales growth, enhanced cost control, and improved production efficiency[29](index=29&type=chunk) [Other Compliance Matters](index=11&type=section&id=%E5%85%B6%E4%BB%96%E4%BA%8B%E9%A1%B9) The company reports no irregular guarantees or fund occupation and confirms one institutional site visit during the period - The company had **no irregular external guarantees** during the reporting period[30](index=30&type=chunk) - There was **no non-operating fund occupation** by the controlling shareholder or its affiliates during the reporting period[31](index=31&type=chunk) - The company hosted **one on-site institutional investor visit** on January 12, 2016[32](index=32&type=chunk) Financial Statements [Financial Statements](index=12&type=section&id=%E4%B8%80%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents financial statements showing a 2.62% asset growth and a 9.06% year-to-date net profit increase **Key Items from Consolidated Balance Sheet (2016-09-30)** | Item | Closing Balance (CNY) | Opening Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 4,911,458,018.37 | 4,786,077,566.42 | | Total Liabilities | 1,366,913,278.91 | 1,364,153,723.95 | | Total Equity Attributable to Parent Company | 3,474,751,345.84 | 3,357,727,487.96 | **Key Items from Consolidated Income Statement (YTD)** | Item | Current Period (CNY) | Prior Period (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 1,188,467,523.38 | 1,192,804,576.38 | | Operating Profit | 135,573,467.68 | 120,986,719.16 | | Total Profit | 151,469,318.19 | 135,098,714.50 | | Net Profit Attributable to Parent Company | 124,444,840.43 | 114,102,725.15 | **Key Items from Consolidated Cash Flow Statement (YTD)** | Item | Current Period (CNY) | Prior Period (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 305,320,255.42 | 546,682,282.45 | | Net Cash Flow from Investing Activities | -266,940,569.80 | -238,041,950.05 | | Net Cash Flow from Financing Activities | -105,235,926.97 | -287,587,774.05 | | Net Increase in Cash and Cash Equivalents | -66,856,241.35 | 21,052,558.35 | [Audit Report](index=28&type=section&id=%E4%BA%8C%E3%80%81%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's third-quarter 2016 report has not been audited - The third-quarter report is **unaudited**[67](index=67&type=chunk)