广东超华科技股份有限公司 2014 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：2014-050 广东超华科技股份有限公司 2014 年第三季度报告正文 1 广东超华科技股份有限公司 2014 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王旭东及会计机构负责人(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 2014 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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） | 2,386,183,538.64 | | 2,299,814,268 ...

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 557,542,055.19, representing a 49.38% increase compared to CNY 373,238,212.61 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 26,303,597.25, a 3.95% increase from CNY 25,305,131.91 year-on-year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 24.74% to CNY 17,839,908.13 from CNY 23,703,016.63 in the previous year[21]. - The net cash flow from operating activities improved significantly to CNY 20,005,133.44, compared to a negative cash flow of CNY 28,614,487.81 in the same period last year, marking a 169.91% increase[21]. - The basic earnings per share for the reporting period was CNY 0.066, reflecting a 3.13% increase from CNY 0.064 in the same period last year[21]. - The diluted earnings per share also stood at CNY 0.066, consistent with the basic earnings per share[21]. - The weighted average return on net assets was 2.24%, slightly up from 2.23% in the previous year[21]. Cash Flow and Investments - The company achieved a significant increase in cash flow from operating activities, amounting to ¥20,005,133.44, a 169.91% improvement compared to the previous year[34]. - The total raised funds amounted to CNY 579.69 million, with a net amount of CNY 579.69 million after deducting issuance costs[47]. - During the reporting period, CNY 64.68 million of the raised funds were utilized, bringing the cumulative total to CNY 286.16 million[47]. - The cumulative amount of raised funds that have been repurposed reached CNY 36.17 million, accounting for 62.39% of the total raised funds[47]. - The investment progress for the electronic substrate engineering technology research center project was 55.35%, with CNY 4.43 million invested out of CNY 8 million committed[50]. - The annual production project of 8,000 tons of high-precision electronic copper foil has seen 30.53% of its investment completed, with CNY 4.22 million invested out of CNY 49.98 million committed[50]. - The acquisition and technology upgrade project for Huizhou Hezheng has reached 61.82% completion, with CNY 19.70 million invested out of CNY 31.87 million committed[50]. Subsidiaries and Market Performance - The company established a wholly-owned subsidiary, Guangdong ChaoHua Sales Co., Ltd., to enhance overall management and market expansion[35]. - The sales revenue from the Hong Kong region increased by 573.08% to ¥76,340,450.72, indicating strong market performance[38]. - The revenue from the subsidiary Meixian Super Hua is 156.80 million RMB, with a net loss of approximately 3.78 million RMB[58]. - The subsidiary Huizhou Hezheng reported total assets of approximately 547.31 million RMB and a net profit of about 1.31 million RMB[59]. Financial Position and Assets - The total assets at the end of the reporting period were CNY 2,302,664,184.80, a slight increase of 0.12% from CNY 2,299,814,268.70 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 1.74% to CNY 1,181,665,093.07 from CNY 1,161,401,376.79 at the end of the previous year[21]. - The company's current assets totaled CNY 1,427,522,174.34 at the end of the period, up from CNY 1,400,952,023.72 at the beginning, indicating a growth of approximately 1.9%[114]. - Total liabilities decreased from CNY 1,097,129,203.13 to CNY 1,075,912,156.81, a reduction of approximately 1.9%[116]. Shareholder Information - The total number of shares before the recent change was 395,821,800, with a post-change total of 395,821,800, indicating no net change in total shares[100]. - The number of shareholders holding ordinary shares at the end of the reporting period was 27,110[102]. - The largest shareholder, Liang Jianfeng, holds 21.57% of the shares, amounting to 85,361,520 shares, with 64,021,380 shares pledged[102]. - The second-largest shareholder, Liang Junfeng, owns 17.73% of the shares, totaling 70,168,736 shares[102]. Corporate Governance and Compliance - The company has established a complete internal management and control system to enhance governance levels[70]. - There were no significant litigation or arbitration matters during the reporting period[71]. - The company did not engage in any asset acquisitions during the reporting period[74]. - The company has not encountered any surplus of raised funds as all projects are still under construction[51]. Future Outlook and Plans - The expected net profit attributable to shareholders for the period from January to September 2014 is projected to be between 33.73 million RMB and 43.85 million RMB, representing a growth of 0% to 30% compared to the same period in 2013[62]. - The company plans to distribute a cash dividend of 0.20 RMB per share, based on a total share capital of 395,821,872 shares, as approved in the 2013 annual shareholders' meeting[63]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[66]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern principle and comply with the accounting standards issued by the Ministry of Finance[149]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[154]. - The company recognizes cash and cash equivalents as cash on hand and deposits that are readily available for payment[161]. - The company uses a weighted average method for inventory valuation, including direct labor and overhead costs[179].

Financial Performance - The company's operating revenue for Q1 2014 was ¥263,963,300.48, representing a 72.41% increase compared to ¥153,098,680.67 in the same period last year[8] - Net profit attributable to shareholders decreased by 14.52% to ¥12,163,517.41 from ¥14,228,973.61 year-on-year[8] - The net profit after deducting non-recurring gains and losses fell by 73.01% to ¥3,728,249.27 compared to ¥13,815,443.62 in the previous year[8] - The net cash flow from operating activities improved significantly, reaching ¥9,146,628.92, compared to a negative cash flow of ¥20,354,000.14 in the same period last year, marking a 144.94% increase[8] - The company's revenue for the current period reached RMB 263,963,300.48, a 72.41% increase compared to RMB 153,098,680.67 in the previous period, primarily due to the consolidation of Huizhou Hezheng[17] - Operating costs increased by 91.54% to RMB 223,690,120.18 from RMB 116,783,986.28, also attributed to the consolidation of Huizhou Hezheng[17] - Cash received from sales of goods and services was RMB 216,865,369.20, reflecting a 62.85% increase from RMB 133,168,679.82, driven by the consolidation of Huizhou Hezheng[19] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥2,376,713,931.78, up 3.34% from ¥2,299,814,268.70 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.17% to ¥1,174,968,734.01 from ¥1,161,401,376.79 at the end of the previous year[8] - The total number of shareholders at the end of the reporting period was 30,375[11] - The top shareholder, Liang Jianfeng, holds 21.57% of the shares, with 64,021,140 shares pledged[11] Cash Flow and Financing Activities - The cash flow from financing activities included RMB 214,937,405.00 from new bank loans, a 93.29% increase compared to RMB 111,200,000.00 in the previous period[21] - The company reported a 546.45% increase in cash used for debt repayment, totaling RMB 182,300,000.00, compared to RMB 28,200,000.00 previously[21] Future Expectations and Commitments - The net profit attributable to shareholders for the first half of 2014 is expected to range from 21.51 million to 29.10 million RMB, reflecting a decrease of 15% to 15% compared to the same period in 2013, which was 25.31 million RMB[26] - The company anticipates stable growth in sales revenue, although increased borrowing has led to higher financial expenses impacting profits[26] - The company commits to distributing at least 10% of the annual distributable profits as cash dividends over the next three years, with a cumulative cash distribution not less than 30% of the average annual distributable profits during this period[24] - The company plans to utilize 55 million RMB of idle raised funds to supplement working capital, ensuring project progress and compliance with regulations[24] - The company has pledged to return any idle raised funds to the special account within 12 months of the board's approval[24] - The company will not engage in risk investments such as securities during the period of using idle raised funds for working capital[24] - The controlling shareholder has committed not to transfer or delegate management of shares held prior to the public offering for a period of 36 months[24] - The company is focused on maintaining a stable and continuous profit distribution policy[24] - The company is currently fulfilling its commitments as outlined in the reports[24] Other Financial Metrics - The weighted average return on equity was 1.04%, a decrease of 0.22% from 1.26% in the previous year[8] - The company reported a significant increase in other receivables, which rose by 234.36% to RMB 24,989,504.63, mainly due to increased receivables from land transfer[17] - The company recorded a 165.56% increase in business taxes and additional charges, amounting to RMB 1,045,666.52, due to higher VAT payments[17] - The company’s intangible assets decreased by 28.76% to RMB 100,117,791.56, primarily due to the transfer of land by the parent company[17] - The company’s financial expenses increased by 143.72% to RMB 9,056,838.44, attributed to increased interest expenses from higher borrowings[17] - The company has not reported any securities investment situations applicable for the current period[27] - The company did not engage in any repurchase transactions during the reporting period[14]

Financial Performance - The company achieved operating revenue of ¥929,573,916.57, representing a year-on-year increase of 34.17%[37]. - Net profit attributable to shareholders was ¥46,079,587.57, an increase of 6.38% compared to the previous year[37]. - The net profit after deducting non-recurring gains and losses was ¥11,060,856.47, a decrease of 72.85% year-on-year[37]. - Total assets at the end of the period reached ¥2,299,814,268.70, up 22.62% from the beginning of the year[37]. - The company's equity attributable to shareholders increased by 3.35% to ¥1,161,401,376.79[37]. - The company reported a decrease in operating profit of 66.20% to ¥20,442,600.61 compared to the previous year[37]. - The gross profit margin for the main business increased to 20.38%, compared to 20.47% in the previous year[49]. - The company reported a net profit of -10.89 million from the acquisition of Huizhou Hezheng during the reporting period[88]. - The company’s subsidiary, Meizhou Super Hua, reported a net profit of -4.66 million during the reporting period[88]. - The company achieved a net profit of RMB 114,714.73 for the year 2013, with a distributable profit of RMB 137,294,167.72[110]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.20 per 10 shares to all shareholders based on the total share capital as of December 31, 2013[6]. - A cash dividend of RMB 0.2 per 10 shares (including tax) was proposed, totaling RMB 7,916,437.44, which represents 100% of the profit distribution[115]. - The company has established a shareholder return plan for the next three years (2012-2014) to ensure a stable dividend mechanism, promoting a scientific and sustainable approach to shareholder returns[117]. - The company plans to distribute cash dividends amounting to no less than 10% of the annual distributable profit for the next three years, with a cumulative cash distribution of at least 30% of the average annual distributable profit over the same period[145]. Acquisitions and Investments - The company acquired 100% of Huizhou Hezheng Electronics Technology Co., Ltd., which is currently undergoing a technology upgrade[36]. - The company acquired 100% equity of Huizhou Hezheng Electronics Technology Co., Ltd. for a total price of RMB 158.65 million, with a net payment of RMB 137.60 million after accounting for losses incurred by the original shareholders[88]. - The total investment for the acquisition and technology upgrade project of Huizhou Hezheng is RMB 318.65 million, with RMB 158.65 million allocated for the acquisition and RMB 68.80 million for capital increase and working capital[83]. - The company completed the acquisition of 100% equity of Meizhou Taihua Circuit Board Co., Ltd. for 3,000,000 RMB, which is three times the asset's 2012 value of 1,000,000 RMB[131]. - The company has invested a total of 3,000 million in acquiring 100% equity of its subsidiary Meizhou Taihua, with a cumulative actual investment of 3,000 million as of the reporting period, achieving 100% project progress[90]. Market and Operational Strategy - The company aims to become one of the largest printed circuit board solution providers in China, emphasizing technological innovation and product structure improvement[38]. - The company continues to focus on vertical integration in its supply chain to reduce procurement costs and shorten supply cycles[39]. - The company plans to enhance its product production, sales, and new product R&D efforts to achieve steady growth in revenue and profits[100]. - The company aims to establish a large customer development and management team to deepen customer resources and increase order volume and gross profit levels, particularly targeting the LED, security, and smartphone sectors[101]. - The company intends to leverage its geographical advantage in the Pearl River Delta region to focus on market development while also expanding into the Yangtze River Delta region[101]. Risk Management - The company faces significant risks from fluctuations in raw material prices, particularly for copper foil and copper-clad laminates, which constitute a large portion of production costs[14]. - The company has established a comprehensive risk management framework to address potential operational and market risks[14]. - The company has identified risks related to raw material price fluctuations, which significantly impact operating costs[104]. - The company has implemented measures to ensure funding sources, including improving accounts receivable management and inventory turnover[103]. Research and Development - Research and development investment amounted to ¥19,160,000, a 61.69% increase from the previous year[41]. - The company applied for 10 patents during the reporting period, including 1 invention patent and 5 utility model patents granted[41]. - Research and development expenses increased by 61.71% to ¥19,162,329.01, representing 1.65% of net assets[56]. - The company is focusing on R&D of ultra-thin electronic copper foil, special insulation paper, high-performance circuit boards, and copper-clad laminates to improve production technology and product quality[101]. Employee and Governance - The company employed a total of 2,801 staff as of December 31, 2013, with production personnel making up 59.44% of the workforce[192]. - The company has established a governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, supervisory board, and management team, ensuring effective decision-making and operational coordination[199]. - The company has implemented a comprehensive employee training program, focusing on various aspects such as onboarding, business skills, management enhancement, legal training, and safety training[198]. - The company emphasizes competitive compensation policies to motivate employees and enhance productivity[196]. Compliance and Social Responsibility - The company has not been subject to any administrative penalties during the reporting period, indicating compliance with regulations[121]. - The company emphasizes environmental protection and has not faced any rectification requirements or administrative penalties from environmental authorities[118]. - The company actively participates in social welfare activities, contributing to community development and supporting vulnerable groups[119]. - The company has maintained a focus on employee rights, providing various training programs to enhance overall employee quality in 2013[117].