广东超华科技股份有限公司 2018 年第三季度报告正文 证券代码：002288 证券简称：超华科技 公告编号：2018-073 广东超华科技股份有限公司 2018 年第三季度报告正文 1 广东超华科技股份有限公司 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。 公司负责人梁健锋、主管会计工作负责人梁新贤及会计机构负责人(会计主 管人员)梁新贤声明：保证季度报告中财务报表的真实、准确、完整。 2 广东超华科技股份有限公司 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 会计差错更正 | | 本报告期末 | | | 上年度末 | | | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 末增减 | | | | | | 调整前 | | 调整后 | | 调整后 | | ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 710,839,253.98, representing a 13.50% increase compared to CNY 626,275,900.38 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 35,941,421.54, up 15.48% from CNY 31,123,137.67 year-on-year[16]. - The basic earnings per share rose to CNY 0.0386, a 15.57% increase from CNY 0.0334 in the same period last year[16]. - Total revenue for the reporting period reached ¥710,839,253.98, representing a year-on-year increase of 13.50% compared to ¥626,275,900.38 in the same period last year[43]. - Net profit for the first half of 2018 was CNY 35,941,421.54, representing a 15.5% increase from CNY 31,123,137.67 in the previous year[157]. - The company reported a significant increase in other income, amounting to CNY 8,844,092.40, compared to no other income reported in the previous year[156]. Cash Flow and Assets - The net cash flow from operating activities increased significantly by 72.72%, reaching CNY 35,600,066.35 compared to CNY 20,610,979.91 in the previous year[16]. - The company’s total assets were reported at approximately RMB 392.04 million, with net assets of about RMB 381.78 million[72]. - Total assets increased to CNY 2,962,486,811.68 as of June 30, 2018, compared to CNY 2,913,120,963.18 at the beginning of the period, reflecting a growth of approximately 1.7%[146]. - Current assets totaled CNY 1,377,883,237.14, up from CNY 1,320,003,287.05, indicating an increase of about 4.4%[147]. - Cash and cash equivalents rose to CNY 144,963,720.54 from CNY 116,559,167.52, marking an increase of approximately 24.4%[146]. - Accounts receivable decreased to CNY 527,043,446.77 from CNY 565,012,318.65, a decline of about 6.7%[146]. - Inventory increased to CNY 524,094,648.43 from CNY 494,480,372.29, representing a growth of approximately 6.0%[146]. Production and Capacity - The company achieved external sales revenue of electronic copper foil amounting to 222.46 million yuan, accounting for 31.30% of total operating income[24]. - The external sales revenue of copper clad laminates reached 187.20 million yuan, representing 26.34% of total operating income[26]. - The company has a production capacity of over 10,000 tons of high-precision copper foil, making it one of the few domestic companies with such capacity[24]. - The company is expanding its production capacity with an ongoing project to build an additional 8,000 tons of high-precision electronic copper foil[30]. - The company has achieved a production capacity of 5,000 tons of high-precision copper foil after the acquisition and technical transformation of Huizhou Hezheng[66]. Research and Development - Research and development investment rose to CNY 30.82 million, a substantial increase of 108.16% year-on-year, reflecting the company's commitment to innovation[41]. - The company is developing a "nano-paper-based high-frequency and high-speed substrate technology" in collaboration with universities, which has achieved significant results and passed expert evaluation[32]. - The company has been recognized as a national high-tech enterprise and has established strong partnerships with academic institutions to maintain its technological edge[32]. Market and Industry Trends - The demand for lithium battery copper foil is expected to grow at a compound annual growth rate (CAGR) of 36% from 2015 to 2020 due to the rapid development of the new energy vehicle industry[24]. - The global PCB market is projected to grow from 58.843 billion USD in 2017 to 60.3 billion USD by 2021, with China's PCB output expected to reach 36.8 billion USD by 2022, accounting for 55.1% of the global market[28]. - The company is positioned to benefit from the growing demand for high-frequency and high-speed copper clad laminates driven by the 5G era[26]. Risks and Challenges - The company faced no significant risks that would impact its financial performance as outlined in the report[4]. - The company faces risks related to macroeconomic conditions, particularly due to the ongoing US-China trade tensions, which could impact business performance[75]. - As of the report date, the company had a substantial amount of accounts receivable, indicating potential bad debt risks, which the company aims to mitigate through improved customer risk assessments[75]. - The cost of raw materials, particularly copper, significantly impacts product costs, and the company plans to maintain strong relationships with suppliers to manage price fluctuations[75]. Corporate Governance and Compliance - The company has not sold any significant assets or equity during the reporting period[69]. - The company has not undergone any bankruptcy reorganization during the reporting period[86]. - The company has not received an audit report for the semi-annual financial report[82]. - The company has successfully completed all share reduction commitments made by its shareholders within the stipulated time frame[81]. - The company is cooperating with law enforcement regarding potential fraudulent activities by Zheng Changchun, the controlling shareholder of Beersin[83]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[109]. - The total wastewater discharge for the company is 13.97 tons per year, with a concentration of 44 mg/L[109]. - The company has implemented a gas treatment system that complies with the second period secondary limits of the Guangdong provincial local standard DB44/27-2001 and the new boiler standards DB44/765-2010[112]. - The company has achieved a total annual emission of 2.94 tons of ammonia nitrogen, 0.15 tons of total copper, and 36.2 tons of nitrogen oxides, all within regulatory limits[111]. - The company has completed environmental impact assessments for major projects, including a 5 million square meter eco-friendly circuit board project approved in 2009[115].

Financial Performance - The company's operating revenue for Q1 2018 was ¥298,939,756.04, representing a 5.39% increase compared to ¥283,662,926.29 in the same period last year[8] - Net profit attributable to shareholders was ¥15,389,453.62, a significant increase of 38.14% from ¥11,140,843.34 year-on-year[8] - The net profit after deducting non-recurring gains and losses decreased by 19.52% to ¥8,814,622.30 from ¥10,952,101.32 in the previous year[8] - The net cash flow from operating activities was ¥26,780,284.29, up 6.48% from ¥25,151,535.20 in the same period last year[8] - Basic and diluted earnings per share increased by 37.50% to ¥0.0165 from ¥0.0120 year-on-year[8] - Total profit increased by 89.09% to ¥15,395,611.43, driven by favorable market conditions for copper foil and copper-clad laminates, resulting in higher gross margins[17] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥2,848,529,919.11, a decrease of 2.22% from ¥2,913,120,963.18 at the end of the previous year[8] - The net assets attributable to shareholders increased by 0.91% to ¥1,720,243,582.61 from ¥1,704,698,915.38 at the end of the previous year[8] - The number of ordinary shareholders at the end of the reporting period was 69,665[11] - The top shareholder, Liang Jianfeng, holds 18.43% of the shares, with 128,792,280 shares pledged[11] Expenses and Financial Support - Sales expenses decreased by 40.04% to ¥7,101,902.69 due to unified management of customer groups, leading to reduced business expenses[17] - Received tax refunds increased by 171.67% to ¥5,223,523.16, attributed to higher export tax rebates[18] - Cash received from government subsidies rose by 188.66% to ¥7,707,112.25, reflecting increased support from local authorities[18] - Management expenses increased by 32.30% to ¥19,573,230.49 due to higher salaries and depreciation from the new R&D building[17] - Financial expenses rose by 60.38% to ¥15,496,944.63, primarily due to increased interest on discounted bills[17] Strategic Initiatives and Future Outlook - The company signed a long-term strategic cooperation agreement with Jia Ying College for the research and production transformation of high-performance electrolytic copper foil technology[20] - The company expects net profit attributable to shareholders for the first half of 2018 to increase by 5.00% to 20.00%, ranging from ¥3,267.93 to ¥3,734.77[23] - The company’s net profit for the first half of 2017 was ¥3,112.31 million, with increased production capacity of high-precision copper foil contributing to growth[24] - The company plans to temporarily use up to ¥39 million of idle raised funds to supplement working capital[20]

Financial Performance - The company achieved operating revenue of ¥1,198,912,282.33, representing a year-on-year increase of 28.97%[31]. - The net profit attributable to shareholders was ¥4,869,336.65, a decrease of 86.76% compared to the previous year[31]. - The net cash flow from operating activities improved to ¥5,048,037.04, a significant increase of 120.70% from the previous year[31]. - The company's main business revenue reached approximately ¥1.16 billion, representing a year-on-year increase of 25.80%[39]. - Total revenue for the year amounted to approximately ¥1.20 billion, reflecting a year-on-year growth of 28.97%[39]. - The weighted average return on equity decreased to 0.42%, down from 3.23% in the previous year[31]. - The gross profit margin for the printed circuit board segment was 16.48%, a decrease of 3.54% compared to the previous year[54]. - The company reported a profit margin of 24.22% for the year 2014[4]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 0.10 RMB per 10 shares to all shareholders, based on a total of 465,821,872 shares[5]. - The profit distribution plan for 2014 includes a cash dividend of RMB 0.1 per share and a capital reserve conversion of 1:1, increasing total shares to 931,643,744[108]. - The total distributable profit for the current period is 108,547,184.90 CNY, with cash dividends accounting for 100% of the profit distribution[111]. - The company has established a shareholder return plan for 2014-2016 to ensure stable dividend policies[113]. - The company has committed to maintaining a cash dividend ratio of no less than 20% during the next three years, subject to profit distribution conditions[145]. - The company plans to actively pursue cash dividends if it meets the conditions, with a minimum of 30% of the average distributable profit over the next three years[144]. Business Operations and Strategy - The company completed the acquisition of Huizhou Hezheng, enhancing its vertical integration strategy and contributing to revenue growth[32]. - The company is investing in the production of high-TG, halogen-free, and high-CTI products, with a new energy-saving lamp circuit board project now in production[36]. - The company is expanding its market presence in regions such as Korea, India, and Europe, maintaining a steady increase in export volume and price[33]. - The company has strengthened its marketing efforts and established strategic partnerships with major clients like Philips and Panasonic[34]. - The company aims to become one of the largest printed circuit solution providers in China, focusing on technological innovation and a vertically integrated industry chain[60]. - The company plans to enhance its product development and sales efforts, focusing on vertical integration to achieve steady revenue and profit growth[93]. - The company aims to strengthen customer relationship management and expand its market presence, particularly in the automotive and smart device sectors[96]. Research and Development - The company applied for 6 patents during the reporting period, with 5 utility model patents granted[35]. - Research and development expenditure amounted to ¥23,416,128.68, representing a year-on-year increase of 22.20% and accounting for 2.06% of the net assets[51]. - The company is committed to advancing new technologies and products, including ultra-thin electronic copper foil and high-frequency circuit boards, to improve its competitive edge[96]. - Research and development investment has increased by 30%, totaling 150 million RMB, aimed at advancing product technology[179]. Risk Management - The company has not identified any significant risks that could adversely affect its production, financial status, or profitability[13]. - The company faces macroeconomic risks, with expectations of slower economic growth and structural changes impacting the electronics manufacturing industry[98]. - Raw material price fluctuations pose a risk, as significant costs are associated with materials like copper foil, directly affecting operating performance[98]. - The company is focusing on cost reduction and efficiency improvement as core management strategies for 2015[96]. Corporate Governance and Compliance - The company has maintained its accounting firm, Lixin Certified Public Accountants, for auditing purposes[20]. - The company has implemented a comprehensive talent development and performance management system, training 1,260 employees during the reporting period[38]. - The company has established five specialized committees within the board of directors to enhance governance and decision-making[195]. - The company has maintained compliance with legal and regulatory requirements regarding corporate governance, with no violations reported[193]. Market Position and Competition - The company has established a complete industrial chain by integrating key processes in PCB production, enhancing competitive advantages in cost, scale, and quality consistency[80]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by 2025[179]. - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase market penetration[179]. Employee and Talent Management - The company employed a total of 2,702 staff members as of December 31, 2014[187]. - The proportion of production personnel within the company is 60.99%, totaling 1,648 employees[188]. - The company has implemented various talent training programs, covering over 930 employees in 2014[190]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 3.8616 million yuan[183]. Shareholder Structure - The major shareholders include Liang Junfeng with 35,084,368 shares (17.73%) and Liang Jianfeng with 21,340,380 shares (21.57%) [161]. - The top ten shareholders do not have any repurchase agreements during the reporting period [162]. - The company has a total of 64,021,140 shares under pledge by Liang Jianfeng [161]. - The company has not experienced any changes in its controlling shareholders during the reporting period [164].

Financial Performance - The company's operating revenue for 2017 was approximately CNY 1.44 billion, representing a year-on-year increase of 38.96% compared to CNY 1.04 billion in 2016[18]. - The net profit attributable to shareholders for 2017 was CNY 36.85 million, a significant turnaround from a net loss of CNY 61.93 million in 2016, marking an increase of 160.46%[18]. - The net profit after deducting non-recurring gains and losses was CNY 22.56 million, compared to a loss of CNY 72.49 million in the previous year, reflecting an increase of 131.54%[18]. - The cash flow from operating activities for 2017 was CNY 34.88 million, a decrease of 72.25% from CNY 125.68 million in 2016[18]. - The basic earnings per share for 2017 was CNY 0.0396, a recovery from a loss of CNY 0.0665 in 2016, representing an increase of 160.55%[18]. - The weighted average return on net assets was 2.17% in 2017, recovering from -3.63% in 2016[18]. - Total assets increased by 17.57% to CNY 2,913,120,963.18 at the end of 2017 compared to the end of 2016[19]. - Net assets attributable to shareholders increased by 1.78% to CNY 1,704,698,915.38 at the end of 2017 compared to the end of 2016[19]. Revenue Sources - Revenue from copper foil and copper-clad laminates reached CNY 768.139 million, accounting for 53.40% of total revenue[30]. - Main business revenue was ¥1,404,667,147.79, accounting for 97.64% of total revenue, with a year-on-year growth of 37.46%[44]. - Revenue from copper foil reached ¥333,276,352.26, showing a significant year-on-year growth of 172.68%[42]. - Revenue from Hong Kong market surged by 119.94% to ¥283,440,268.76, contributing 19.70% to total revenue[42]. - The revenue from other businesses grew by 153.52% to ¥33,935,127.95, representing 2.36% of total revenue[42]. Production and Capacity - The company has a production capacity of 10,000 tons of copper foil, making it one of the few domestic companies with such capacity[30]. - The company has established a production capacity of 10,000 tons for high-precision lithium battery copper foil, becoming one of the few domestic enterprises with such capability[37]. - The production volume of printed circuit boards was 226.68 million square meters, an increase of 3.94% compared to 218.09 million square meters in 2016[45]. - The sales volume of copper foil increased by 84.96% to 4,551.57 tons, while production volume rose by 98.17% to 6,799.94 tons[45]. Investment and Development Plans - The company plans to raise up to CNY 88.33 million for projects including an annual production of 8,000 tons of high-precision electronic copper foil[30]. - The company is investing CNY 3 billion to build an electronic information industry base in Meizhou, with a planned annual production of 20,000 tons of high-precision electronic copper foil in the first phase[37]. - The company has initiated a non-public offering project to enhance its product structure and capacity in the electronic materials sector[30]. - The company aims to become the largest provider of new electronic materials in China, driven by the growth in industries like new energy vehicles and 5G communications[31]. Research and Development - The company has applied for and authorized a total of 29 patents, including 10 invention patents and 19 utility model patents[34]. - The company has successfully developed a "nano-paper-based high-frequency and high-speed substrate technology," achieving domestic leading levels[30]. - The company is currently developing several new technologies, including high-frequency and high-speed substrates, with completion expected in 2018[58]. Risk Management - Future development plans are subject to risks and uncertainties, and investors are advised to maintain awareness of these risks[6]. - The company acknowledges the risk of raw material price fluctuations, particularly copper, which significantly impacts product cost and gross margin[96]. - The company is focused on improving customer development and collection of receivables to mitigate bad debt risks, emphasizing the importance of credit and risk assessment for quality clients[96]. Corporate Governance - The company has committed to strengthening internal controls and management following past issues related to waste sales management[4]. - The company has established a multi-level employee training system to enhance staff professional knowledge and has provided support to employees in need through a mutual aid fund[146]. - The company emphasizes strict compliance with laws and regulations to protect shareholder rights, ensuring fair treatment of all shareholders, especially minority shareholders[145]. Shareholder and Financial Policies - The company plans not to distribute cash dividends or issue bonus shares for the year[7]. - The company did not distribute cash dividends for the fiscal year 2017, maintaining a consistent policy from 2015 to 2017[102]. - The company’s cash dividend distribution policy reflects its focus on long-term growth and investment in new technologies[102]. Legal and Compliance Issues - The company received a qualified audit opinion from Lianda Accounting Firm, with explanations provided by the board of directors and independent directors[112]. - The company was fined RMB 400,000 for information disclosure violations by the China Securities Regulatory Commission (CSRC) on December 16, 2017[123]. - Director Liang Jianfeng was fined RMB 200,000 for information disclosure violations by the CSRC on December 16, 2017[123]. - The company has faced multiple lawsuits, including a claim for CNY 86.04 million against Zhejiang Boya Electronics Technology Co., Ltd., which has been ruled in favor of the company[121]. Social Responsibility - The company prioritizes green development and has implemented clean production practices to reduce pollution and conserve resources[146]. - The company actively participates in social welfare activities, providing assistance to underprivileged families and individuals in the community[147].

Financial Performance - Operating revenue for the reporting period was ¥368,061,907.54, representing a year-on-year growth of 51.30%[8] - Net profit attributable to shareholders was ¥5,236,227.00, a significant increase of 276.07% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥995,306.05, reflecting a decrease of 821.12% year-on-year[8] - Basic earnings per share for the reporting period was ¥0.0056, up 273.33% from the previous year[8] - The weighted average return on net assets was 0.31%, an increase of 0.08 percentage points compared to the previous year[8] - Total revenue for the period reached RMB 994,337,807.92, an increase of 49.46% compared to RMB 665,266,945.11 in the previous period, primarily due to increased sales from the parent company and Huizhou Hezheng Copper Foil[16] Assets and Investments - Total assets at the end of the reporting period reached ¥2,924,446,030.46, an increase of 17.95% compared to the end of the previous year[8] - Long-term equity investments rose by 175.54% to RMB 566,652,670.47 from RMB 205,648,746.81, reflecting increased investment in Meizhou Commercial Bank[15] - Cash and cash equivalents decreased by 51.05% to RMB 159,631,695.37 from RMB 326,138,268.05, primarily due to payments for investments and project costs[15] Government Subsidies - The company received government subsidies amounting to ¥8,210,000.00 during the reporting period[9] - The company received government subsidies totaling RMB 450,000 for innovation-driven development and RMB 600,000 for R&D[19] - The company has received government subsidies during the reporting period, enhancing its financial position[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,405[11] - The largest shareholder, Liang Jianfeng, held 18.43% of the shares, amounting to 171,723,040 shares[11] - The actual controller, major shareholders, and some directors and senior management have completed a stock buyback plan, reflecting confidence in the company's future[22] - There are no overdue commitments from the actual controller, shareholders, or related parties during the reporting period[25] - The company has no violations regarding external guarantees during the reporting period[28] - There are no non-operating fund occupations by major shareholders or related parties during the reporting period[29] Operational Developments - The company plans to issue up to 186,000,000 shares in a private placement to raise no more than RMB 883.3 million for projects including an annual production of 8,000 tons of high-precision electronic copper foil[20] - The company signed a contract with Mifune Corporation for the purchase of copper foil equipment, aimed at increasing production capacity for high-precision electronic copper foil[21] - The company has achieved production capacity of 10,000 tons of high-precision electronic copper foil, including the highest precision of 6um lithium battery copper foil[26] - The sales revenue and profit have significantly increased due to the favorable market conditions for copper foil and copper-clad laminates[26] Financial Challenges - Financial expenses increased by 76.41% to RMB 28,662,305.69 from RMB 16,247,148.12, attributed to higher bank loan interest[16] - The company reported a 100% increase in long-term payables due to new financing lease expenses, totaling RMB 151,562,127.64[15] Regulatory and Compliance Issues - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[21] - The company has not conducted any research, communication, or interview activities during the reporting period[30] - The company has completed the cancellation procedures for some fundraising accounts[24]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥626,275,900.38, representing a 48.40% increase compared to ¥422,005,585.56 in the same period last year[18]. - The net profit attributable to shareholders was ¥31,123,137.67, a significant increase of 912.19% from ¥3,074,827.51 in the previous year[18]. - The net profit after deducting non-recurring gains and losses reached ¥29,182,450.65, compared to a loss of ¥3,492,573.40 in the same period last year, marking a 935.56% improvement[18]. - The basic earnings per share increased to ¥0.0334, up 912.12% from ¥0.0033 in the previous year[18]. - The company reported a significant increase in other business income, primarily due to a rise in waste material sales, which shifted from annual to monthly sales[44]. - The revenue from copper foil products surged by 141.83% to ¥110,111,848.20, contributing significantly to overall revenue growth[40]. - The gross profit margin for the main business was 14.28%, with a year-on-year increase of 5.63%[43]. - The company reported a net cash flow from operating activities of ¥20,610,979.91, a decrease of 2.42% compared to ¥21,122,487.54 in the same period last year[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,871,632,655.29, reflecting a 15.82% increase from ¥2,479,337,164.95 at the end of the previous year[18]. - The net assets attributable to shareholders were ¥1,706,779,696.68, a slight increase of 1.84% from ¥1,675,977,200.23 at the end of the previous year[18]. - The company's total assets as of June 30, 2017, amounted to CNY 2,871,632,655.29, an increase from CNY 2,479,337,164.95 at the beginning of the period[138]. - Total liabilities increased to CNY 1,164,852,958.61 from CNY 803,359,964.72, marking a rise of approximately 45%[137]. - The company's equity attributable to shareholders increased to CNY 1,706,779,696.68 from CNY 1,675,977,200.23, a growth of about 1.5%[138]. Investments and Projects - The company successfully launched the 6-8um high-precision lithium battery copper foil project, which will provide approximately 10,000 tons of copper foil capacity[34]. - The company plans to raise up to 883.30 million yuan through a private placement to fund projects including an annual production of 8,000 tons of high-precision electronic copper foil[36]. - The company has completed the installation and trial production of high-precision copper foil equipment, converting construction projects into fixed assets[27]. - The project for the annual production of 8,000 tons of high-precision electronic copper foil has achieved an investment progress of 82.12%[63]. - The company has completed the acquisition of Huizhou Hezheng and its technology upgrade project, with an actual investment of 22,691.3 million CNY, achieving 98.92% of the planned investment[66]. Research and Development - Research and development expenses rose by 56.15% to ¥14,806,499.97, reflecting increased investment in R&D projects[38]. - The company has applied for 26 patents, including 10 invention patents and 16 utility model patents, reflecting its commitment to innovation[29]. - The company has established partnerships with South China University of Technology and Harbin Institute of Technology to enhance its technological capabilities[35]. Cash Flow and Financing - The net cash flow from financing activities increased dramatically by 977.28% to ¥393,039,263.34, primarily due to the recovery of time credit and acceptance guarantees[38]. - The company raised a total of RMB 609,998,796.00 from the issuance of 65,874,600 shares at a price of RMB 9.26 per share, with a net amount of RMB 579,691,947.88 after deducting issuance costs[60]. - The company reported a significant increase in investment payments totaling ¥352,000,000.00, compared to ¥6,500,000.00 in the previous period, indicating aggressive investment strategies[157]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 75,918[120]. - Liang Jianfeng held 18.32% of the shares, amounting to 128,042,218 ordinary shares[120]. - The second largest shareholder, Changzhou Jingkong Taifeng Investment Center, held 15.03% with 140,000,000 ordinary shares[120]. - The company did not distribute cash dividends or bonus shares for the half-year period[80]. Legal and Compliance - The half-year financial report has not been audited[82]. - The company is involved in several significant litigation cases, with amounts involved including CNY 1.1793 million and CNY 0.7065 million, both of which have been adjudicated[85]. - The company has not faced any penalties or rectification issues during the reporting period[89]. Market Conditions - The electronic materials industry is experiencing a supply shortage, particularly in lithium battery copper foil, due to high technical barriers and long expansion cycles[25]. - The company is facing risks related to market fluctuations, raw material price volatility, and accounts receivable collection, and plans to enhance R&D investment to mitigate these risks[76]. - The company has established long-term relationships with suppliers to manage the risks associated with raw material price fluctuations[76].

Financial Performance - The company's operating revenue for Q1 2017 was ¥283,662,926.29, representing a 35.74% increase compared to ¥208,968,015.83 in the same period last year[7]. - The net profit attributable to shareholders for Q1 2017 was ¥11,140,843.34, up 33.30% from ¥8,357,993.27 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,952,101.32, a significant increase of 132.89% from ¥4,702,668.88 in the same period last year[7]. - The basic earnings per share for Q1 2017 was ¥0.0120, reflecting a 33.33% increase from ¥0.0090 in the previous year[7]. - Total revenue for the current period reached ¥283,662,926.29, an increase of 35.74% compared to the previous period, driven by higher sales of high-precision electronic copper foil[16]. - Operating costs increased by 33.73% to ¥240,241,398.70, primarily due to the rise in revenue[16]. - The company reported a significant decrease in investment income, down 99.04% to ¥20,712.94, attributed to reduced returns from investments in Beierxin[16]. - The company reported a net profit of CNY 11,140,843.34 for the first quarter of 2017, compared to CNY 10,000,000.00 in the same period last year, reflecting a growth of about 11.4%[36]. - The company reported a comprehensive income total of ¥4,637,089.24, down from ¥8,575,840.61 in the previous year[43]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,776,124,291.74, an increase of 11.97% from ¥2,479,337,164.95 at the end of the previous year[7]. - The company's current assets decreased to CNY 1,160,963,200.84 from CNY 1,313,256,275.10, reflecting a decline of about 11.6%[32]. - The total liabilities increased to CNY 1,089,232,737.98 from CNY 803,359,964.72, indicating a rise of approximately 35.6%[34]. - Total liabilities reached ¥750,886,774.16, compared to ¥491,191,617.44 in the previous period, indicating a significant increase in liabilities[42]. - The total non-current assets increased to CNY 1,615,161,090.90 from CNY 1,166,080,889.85, representing a growth of approximately 38.5%[33]. Cash Flow - The net cash flow from operating activities for Q1 2017 was ¥25,151,535.20, a marginal increase of 0.81% compared to ¥24,949,721.69 in the same period last year[7]. - Cash received from sales increased by 31.62% to ¥276,957,819.72, reflecting higher sales volume[18]. - Cash inflow from operating activities totaled CNY 281,550,500.92, compared to CNY 223,803,600.48 in the prior period, reflecting a growth of approximately 25.8%[50]. - Cash outflow from operating activities was CNY 256,398,965.72, an increase from CNY 198,853,878.79, representing a rise of about 29%[50]. - The company reported a significant increase in cash outflow for investment activities, totaling CNY 485,733,471.50, compared to CNY 21,684,968.49 previously, indicating aggressive investment strategies[51]. - The net cash flow from financing activities was CNY 367,816,486.96, a substantial improvement from a negative CNY 17,409,939.81 in the last period, showcasing enhanced financing capabilities[51]. - Total cash and cash equivalents at the end of the period decreased to CNY 128,554,096.30 from CNY 169,413,793.74, reflecting a decline of approximately 24.1%[51]. Shareholder Information - The company had a total of 77,293 common shareholders at the end of the reporting period[10]. - The largest shareholder, Liang Jianfeng, held 18.32% of the shares, amounting to 170,723,040 shares, with 128,042,280 shares pledged[10]. Future Outlook - The company expects net profit attributable to shareholders for the first half of 2017 to increase by 700% to 1,050% compared to the same period in 2016, driven by favorable market conditions in the copper foil and PCB sectors[25]. - The company plans to invest ¥1,000 million to establish a wholly-owned subsidiary, Shenzhen Qianhai ChaoHua Investment Holdings Co., Ltd.[20].

广东超华科技股份有限公司 2016 年年度报告全文 广东超华科技股份有限公司 2016 年年度报告 2017 年 04 月 1 广东超华科技股份有限公司 2016 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、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。 公司负责人梁健锋、主管会计工作负责人王旭东及会计机构负责人(会计主 管人员)梁新贤声明：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。 本报告中涉及的未来发展规划等前瞻性事项的陈述，属于计划性事项，不 构成公司对投资者的实质承诺，请投资者注意投资风险。 公司近期不存在可能对公司生产经营状况、财务状况和持续盈利能力有严 重不利影响需作特别提示的风险因素。公司可能面临的风险详见本报告"第四节 经营情况讨论与分析"之"九、公司未来发展的展望"中的"公司可能面临的风 险"，敬请投资者予以关注。 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 | | --- | --- ...

Financial Performance - Net profit attributable to shareholders was CNY 1,392,343.09, down 79.18% year-on-year, while net profit for the year-to-date was CNY 4,467,170.60, down 84.67%[8] - Operating revenue for the reporting period was CNY 243,261,359.55, a decrease of 5.16% compared to the same period last year, with year-to-date revenue at CNY 665,266,945.11, down 5.83%[8] - Basic earnings per share were CNY 0.001, down 87.50% year-on-year, and diluted earnings per share were also CNY 0.001, reflecting the same percentage decrease[8] - The weighted average return on net assets was 0.08%, a decrease of 0.37% compared to the same period last year[8] - The estimated net profit attributable to shareholders for 2016 is expected to range from 5.20 million to 12.99 million RMB, representing a decrease of 50% to 80% compared to 25.98 million RMB in 2015[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,495,730,836.86, a decrease of 4.16% compared to the end of the previous year[8] - Accounts receivable interest decreased by 93.58% to ¥178,610.69 due to the reduction of idle raised funds transferred to time deposits[16] - Other non-current assets decreased by 63.23% to ¥3,500,000.00 as a result of the reduction in long-term prepaid equipment payments[16] - Prepayments increased by 251.85% to ¥7,697,583.48 due to customers prepaying for goods amid a shortage of copper-clad laminates and copper foil[16] Cash Flow - The company reported a net cash flow from operating activities of CNY 34,758,920.14, an increase of 657.90% year-to-date[8] - Cash received from tax refunds decreased by 56.16% to ¥17,182,695.03 due to a reduction in export business[18] - Cash paid for purchasing goods and services decreased by 34.56% to ¥304,320,161.09, reflecting a decrease in production and sales volume[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 53,833[11] - The top shareholder, Liang Jianfeng, held 18.32% of the shares, amounting to 170,723,040 shares, with 128,042,280 shares pledged[11] - The second-largest shareholder, Changzhou Jingkong Taifeng Investment Center, held 15.03% of the shares, totaling 140,000,000 shares, all of which were pledged[11] - The company has successfully fulfilled its commitments regarding shareholding restrictions, with 170,723,040 shares locked for one year, representing 18.23% of the total share capital[24] Government and Legal Matters - The company received a government subsidy of ¥4.8 million for development and construction, which has been fully transferred to the company's account[20] - A lawsuit was filed by a subsidiary for a contract dispute involving an amount of ¥21,025,629.17, with asset preservation measures already taken[20] Corporate Governance and Strategy - The company decided to terminate the major asset restructuring due to failure to reach consensus on the transaction plan with relevant parties[19] - The company plans to use 55 million RMB of idle raised funds to supplement working capital while ensuring that the investment projects funded by the raised funds proceed normally[24] - The company has committed to a cash dividend policy, aiming for cash dividends to account for no less than 30% of the average distributable profit over the next three years if conditions are met[24] - The company has undertaken commitments to avoid potential competition with its major shareholders, ensuring no engagement in competing businesses[24] - The company is in a critical transformation period, balancing the need for funds while ensuring shareholder returns through dividends[24] Operational Performance - Investment income rose by 210.84% to ¥7,176,469.82, attributed to increased returns from investments in Beierxin Company[16] - Operating income increased by 306.53% to ¥9,813,381.18, primarily due to an increase in government subsidies received[16] - The increase in financial and procurement costs is attributed to the introduction and debugging of new equipment and production lines, impacting the overall profitability[26] Investor Relations - The company has been actively engaging with institutional investors, with a notable meeting on August 23, 2016, to discuss business operations[29] Compliance and Risk Management - The company has not reported any violations regarding external guarantees during the reporting period[27] - The company has not experienced any non-operating fund occupation by major shareholders or related parties during the reporting period[28]