Financial Performance - The company's operating revenue for Q1 2019 was ¥103,284,274.83, a decrease of 37.21% compared to ¥164,497,220.02 in the same period last year[9] - Net profit attributable to shareholders was ¥98,815,186.52, representing a significant increase of 512.15% from ¥16,142,305.24 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥17,231,966.24, up 63.22% from ¥10,557,234.73 in the previous year[9] - The basic earnings per share rose to ¥0.22, a 494.59% increase compared to ¥0.037 in the same period last year[9] - Operating revenue decreased by 37.21% year-on-year, mainly due to a decrease in sales of electrical distribution cabinets[16] - Operating profit increased by 424.36% year-on-year, primarily due to increased gains from the disposal of financial assets and fair value changes[16] - Net profit increased by 512.15% year-on-year, mainly due to an increase in operating profit compared to the previous year[16] - Investment income increased by 252.03% year-on-year, mainly due to increased gains from the disposal of financial assets measured at fair value[16] - The company expects net profit for the first half of 2019 to increase by over 50% year-on-year, with an estimated range of 10,500 to 12,000 thousand yuan[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,559,039,293.41, reflecting a 1.24% increase from ¥2,527,819,758.48 at the end of the previous year[9] - The net assets attributable to shareholders increased by 4.85% to ¥2,137,247,286.38 from ¥2,038,432,099.86 at the end of the previous year[9] - The total liabilities decreased to CNY 218,352,659.59 from CNY 262,167,159.87, a reduction of 16.73%[34] - Total assets as of March 31, 2019, amounted to CNY 2,358,917,277.51, compared to CNY 2,316,979,535.84 at the end of 2018, indicating a growth of 1.81%[35] - The company's total liabilities were CNY 486,539,168.95, with current liabilities at CNY 381,730,459.55[53] Cash Flow - The net cash flow from operating activities was ¥29,259,628.19, an increase of 5.87% compared to ¥27,637,864.47 in the previous year[9] - The net cash flow from investment activities increased by 402.08% year-on-year, mainly due to an increase in cash flow from investment income[16] - The total cash inflow from investment activities was ¥151,260,482.70, while the cash outflow was ¥131,457,000.20, resulting in a net cash flow of ¥19,803,482.50, a significant recovery from a net outflow of ¥6,555,801.70 in the previous year[46] - The cash flow from financing activities resulted in a net outflow of ¥55,213,342.00, primarily due to dividend payments[46] - The company's cash and cash equivalents increased to CNY 11,015,925.15 from CNY 6,668,478.59, representing a growth of 65.25%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 31,148, with the largest shareholder holding 62.52% of the shares[12] - The total equity attributable to shareholders rose to CNY 2,140,564,617.92, up from CNY 2,054,812,375.97, reflecting an increase of 4.17%[35] Other Financial Metrics - The weighted average return on equity improved to 4.73%, up 3.97 percentage points from 0.76% in the same period last year[9] - The company reported non-recurring gains of ¥81,583,220.28 after tax, with significant contributions from fair value changes and government subsidies[10] - The company reported a fair value change gain of 88,419,971.60 CNY, which is a notable increase from the previous year's gain of 6,402,471.40 CNY[38] - The company incurred a tax expense of 24,963,243.32 CNY, which is higher than the previous year's tax expense of 4,206,204.74 CNY[38] Changes in Financial Position - Financial assets measured at fair value increased by 88.97% compared to the beginning of the period, mainly due to an increase in structured deposit products[16] - Accounts receivable increased by 180.94% compared to the beginning of the period, primarily due to an increase in sales-related settlement notes[16] - Prepayments increased by 198.65% compared to the beginning of the period, mainly due to an increase in prepaid procurement[16] - Inventory decreased by 41.41% compared to the beginning of the period, primarily due to a reduction in the inventory of electrical distribution cabinets[16] - The company reported a significant adjustment of CNY 1,201,054,479.87 from "available-for-sale financial assets" to "other debt investments" due to new financial instrument standards[54] Compliance and Audit - The company has not undergone an audit for the first quarter report[57] - The adjustments made in the financial statements were in accordance with the new financial instrument and leasing standards effective from January 1, 2019[57]

Financial Performance - Operating revenue for the reporting period was CNY 151,130,230.85, an increase of 80.81% year-on-year[9] - Net profit attributable to shareholders decreased by 95.76% to CNY 8,633,343.52[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 93.13% to CNY 17,717,580.29[9] - Operating revenue increased by 101.31% compared to the same period last year, mainly due to the increase in sales of electrical distribution cabinets[12] - Operating costs increased by 111.05% compared to the same period last year, corresponding to the increase in sales revenue from electrical distribution cabinets[13] - Net profit decreased by 78.63% compared to the same period last year, primarily due to a decrease in asset disposal income[22] - The estimated net profit for 2018 is expected to decrease by 76.86% to 65.29%, with a range of 60 million to 90 million yuan[22] - The net profit for the current period is CNY 52,225,658.34, a decrease from CNY 244,362,452.27 in the previous period, reflecting a decline of approximately 78.7%[51] - The total profit for the current period is 65,013,932.42, compared to 282,975,597.69 in the previous period, showing a decrease[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,416,104,813.47, a decrease of 1.79% compared to the end of the previous year[9] - Total assets decreased from 2,460,050,605.27 yuan at the beginning of the period to 2,416,104,813.47 yuan at the end of the period[34] - Total liabilities as of Q3 2018 were CNY 173,503,847.15, compared to CNY 126,521,146.82 at the beginning of the period, showing an increase of 37.1%[39] - The company's total equity decreased to CNY 2,004,564,000.83 from CNY 2,083,606,414.50, reflecting a decline of 3.8%[40] Cash Flow - Cash flow from operating activities was CNY 5,451,799.72, a decrease of 71.86% compared to the same period last year[9] - Cash flow from operating activities increased by 130.25% compared to the same period last year, attributed to increased cash received from sales and reduced payments[23] - The cash flow from operating activities for the current period is 120,844,689.83, an increase from 52,483,748.53 in the previous period[56] - The cash inflow from operating activities totaled 615,355,211.63, compared to 591,294,655.36 in the previous period[56] - The cash and cash equivalents at the end of the period amount to 75,838,680.27, down from 95,399,426.67 in the previous period[59] - The net cash flow from financing activities was -33,107,764.26 CNY for Q3 2018, compared to -58,502,361.58 CNY in the same period last year[62] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 31,064[13] - The largest shareholder, Shanghai Kangfeng Investment Management Co., Ltd., held 62.52% of the shares[13] Financial Assets and Expenses - Financial assets measured at fair value decreased by 30.68% compared to the beginning of the year[17] - Financial expenses decreased by 184.78% compared to the same period last year, mainly due to reduced bank interest expenses[16] - The investment income for the current period is CNY 35,248,255.43, compared to CNY 40,344,594.29 in the previous period, which is a decrease of approximately 12.0%[51] Other Income and Expenses - Other income increased by 246.44% compared to the same period last year, primarily due to settlement payments related to steel membrane quality issues[20] - Research and development expenses for Q3 2018 were CNY 1,024,146.41, up from CNY 879,633.94, indicating an increase of 16.4%[41] - The research and development expenses for the current period are CNY 2,011,341.44, slightly down from CNY 2,172,744.24 in the previous period, reflecting a decrease of about 7.4%[50] Comprehensive Income - The company reported a significant decline in other comprehensive income, with a net loss of CNY 44,263,767.95 compared to a gain of CNY 42,690,840.32 in the previous year[43] - The total comprehensive income for the current period is CNY -64,542,229.82, compared to CNY 313,531,459.38 in the previous period, indicating a significant decline[52] - The company reported a significant decrease in other comprehensive income, with a net amount of -116,767,888.16 for the current period[55] Audit and Compliance - The company did not undergo an audit for the Q3 report[63]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 291,304,200.74, representing a 113.88% increase compared to CNY 136,198,788.44 in the same period last year[18]. - The net profit attributable to shareholders was CNY 43,592,314.82, a 7.17% increase from CNY 40,674,213.23 year-on-year[18]. - The net profit after deducting non-recurring gains and losses surged by 227.48% to CNY 52,914,005.84 from CNY 16,157,717.33 in the previous year[18]. - The net cash flow from operating activities increased by 248.50% to CNY 115,392,890.11, compared to CNY 33,111,760.73 in the same period last year[18]. - The company achieved operating revenue of ¥291,304,200.74, a 113.88% increase compared to the previous year's ¥136,198,788.44, primarily due to increased sales of complete switchgear equipment[33]. - The net profit attributable to shareholders was ¥43,592,314.82, representing a 7.17% increase year-on-year[31]. - Investment income amounted to ¥26,220,315.92, contributing 55.68% to the total profit, mainly from financial products[38]. - The cash flow from operating activities increased by 248.50% to ¥115,392,890.11, driven by higher cash receipts from sales[33]. - The gross profit margin for complete switchgear equipment decreased to 20.10%, down 4.99% from the previous year[36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,507,182,408.28, a 1.92% increase from CNY 2,460,050,605.27 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 1.36% to CNY 2,091,162,407.42 from CNY 2,120,074,212.81 at the end of the previous year[18]. - The company's total liabilities increased to CNY 413,020,000.86 from CNY 336,976,392.46, which is an increase of approximately 22.5%[141]. - The company's total equity decreased to ¥2,094,162,407.42 from ¥2,123,074,212.81, reflecting a decline of about 1.4%[142]. Investment and Expansion - The company plans to invest in Jiangsu Ronghui General Lithium Industry Co., Ltd., indicating a strategy for market expansion[28]. - The company aims to leverage its financial advantages to expand its investment business and maintain a diversified operation strategy to enhance market adaptability[31]. - The company plans to continue expanding its complete switchgear equipment business while exploring the transformation of its original PHC pile business for new profit growth[31]. - The company is focusing on expanding its market presence through strategic investments and partnerships[47]. Cash Management - The company reported a net cash increase of ¥26,361,610.54, a 149.43% rise compared to the previous year, despite increased cash outflows for investments[33]. - The total amount of raised funds is RMB 65,560.03 million, with RMB 192.62 million invested during the reporting period[55]. - The company has utilized RMB 738,988,882.16 of the raised funds in previous years, with RMB 1,926,192.20 used in the current reporting period for the construction of a new production facility[59]. - The company has established a dedicated management system for raised funds, ensuring they are stored in designated bank accounts[63]. Compliance and Governance - The company reported no major litigation or arbitration matters during the reporting period, indicating a stable legal environment[92]. - The company has not experienced any penalties or rectification situations during the reporting period, reflecting compliance with regulations[94]. - The company maintains a good integrity status, with no unfulfilled court judgments or significant overdue debts[95]. - The company has not engaged in any related party transactions during the reporting period, ensuring transparency in operations[97]. Environmental Management - The company operates four low-nitrogen burners at its power plant, achieving a 100% operational rate and ensuring compliance with emission standards[110]. - The company has established an environmental monitoring plan, adhering to legal and regulatory requirements for emissions monitoring[113]. - The company has not reported any significant environmental incidents or issues during the reporting period, demonstrating effective environmental management[114]. Shareholder Information - The company had a total of 441,575,416 shares, with 81.93% being restricted shares prior to the recent changes[119]. - After the recent changes, the number of restricted shares decreased by 312,483,500, resulting in 49,291,899 shares remaining as restricted, which is 11.16% of the total[119]. - The unrestricted shares increased to 392,283,500, representing 88.84% of the total shares after the changes[119]. - Shanghai Kangfeng Investment Management Co., Ltd. held 276,066,710 shares, accounting for 62.52% of the total shares, with 100,589,999 shares pledged[124]. Future Outlook - The company anticipates risks related to macroeconomic changes and declining gross margins due to industry competition[83]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[167].

上海柘中集团股份有限公司 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。 公司负责人陆仁军、主管会计工作负责人陆嵩及会计机构负责人(会计主管 人员)钱兵华声明：保证季度报告中财务报表的真实、准确、完整。 上海柘中集团股份有限公司 2018 年第一季度报告正文 证券代码：002346 证券简称：柘中股份 公告编号：2018-12 上海柘中集团股份有限公司 2018 年第一季度报告正文 1 2 上海柘中集团股份有限公司 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） | 164,497,220.02 | 57,954,381.33 | 183.84% | | 归属于上市公司股东的净利润（元） | ...

Financial Performance - The company's operating revenue for 2017 was CNY 453,212,633.79, an increase of 7.44% compared to CNY 421,834,228.22 in 2016[17] - The net profit attributable to shareholders in 2017 reached CNY 259,255,842.86, a significant increase of 1,185.87% from CNY 20,161,860.14 in 2016[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 66,541,230.43, up 249.38% from CNY 19,045,762.63 in 2016[17] - The basic earnings per share for 2017 were CNY 0.59, a remarkable increase of 1,080.00% from CNY 0.05 in 2016[17] - The weighted average return on equity for 2017 was 13.81%, a significant increase from 1.29% in 2016[17] - The company reported a net cash flow from operating activities of ¥5,940,814.54, a significant increase of 102.59% compared to the previous year[51] - The total comprehensive income for the year reached CNY 516,168,029.46, compared to CNY 144,884,402.24 in the prior year, indicating an increase of about 256%[198] - The net profit for the year was CNY 259,255,842.86, a significant increase from CNY 23,180,261.42 in the previous year, representing a growth of approximately 1025%[197] Assets and Liabilities - The company's total assets at the end of 2017 were CNY 2,460,050,605.27, representing a growth of 27.22% from CNY 1,933,725,111.10 at the end of 2016[18] - The net assets attributable to shareholders increased by 28.64% to CNY 2,120,074,212.81 at the end of 2017, compared to CNY 1,648,063,724.95 at the end of 2016[18] - The company's total liabilities increased to CNY 336,976,392.46 from CNY 282,661,386.15, reflecting an increase of 19.2%[189] - Non-current liabilities rose significantly to CNY 107,194,540.02 from CNY 21,673,351.72, marking an increase of 394.5%[189] - The company's cash and cash equivalents decreased to CNY 12,059,355.02 from CNY 36,756,955.18, a decline of 67.2%[192] Revenue Sources - The company achieved total operating revenue of ¥453,212,633.79, with the main business of complete switchgear contributing ¥418,570,030.33, accounting for 92.35% of total revenue, representing a year-on-year increase of 19.58%[32] - The company's revenue from the industrial sector was ¥448,285,431.55, accounting for 98.91% of total revenue, with a year-on-year growth of 13.64%[35] - The sales volume of complete switchgear increased by 18.93% to 10,120 sets, while production volume rose by 19.41% to 10,194 sets[39] Investment and Dividends - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares to all shareholders, based on a total of 441,575,416 shares[6] - The cash dividends for 2017 represented 34.06% of the net profit attributable to shareholders, which was 259,255,842.86 RMB[98][99] - The total distributable profit for 2017 was 391,460,307.42 RMB, with cash dividends accounting for 100% of this amount[100] - The company has maintained a stable cash dividend policy since its listing in 2010, ensuring consistent returns to investors[94] Research and Development - Research and development investment amounted to ¥15,814,768.52, representing a 10.02% increase year-on-year, and accounting for 3.49% of total revenue[49][50] - The company is actively researching and developing new technologies and products to adapt to the high uncertainty in the market environment[89] Corporate Governance - The company has committed to ensuring that minority shareholders have the opportunity to express their opinions and that their rights are protected[95] - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and senior management[154] - The independent directors provided constructive suggestions on strategic direction, product upgrades, and internal controls, which were adopted by the company[162] Audit and Compliance - The audit report confirmed that the financial statements fairly reflect the company's financial position and results for the year ended December 31, 2017[175] - The internal control audit report issued a standard unqualified opinion, confirming alignment with the self-evaluation report[169] - The company did not experience any major litigation or arbitration matters during the reporting period[111] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,497, a decrease from 38,832 at the end of the previous month[130] - Shanghai Kangfeng Investment Management Co., Ltd. holds 62.52% of the shares, totaling 276,066,710 shares, with no changes during the reporting period[130] - The actual controller of the company is Lu Renjun, who is also the chairman of the board[134]

Financial Performance - The company reported a revenue of ¥136,198,788.44, a decrease of 18.78% compared to the same period last year[19]. - Net profit attributable to shareholders was ¥40,674,213.23, down 48.95% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥16,157,717.33, a decline of 66.16% compared to the previous year[19]. - The net cash flow from operating activities was ¥33,111,760.73, representing a decrease of 50.55% year-on-year[19]. - The company's revenue for the current period is ¥136,198,788.44, a decrease of 18.78% compared to ¥167,694,229.61 in the same period last year[32]. - Operating costs decreased by 14.98% to ¥98,945,992.35 from ¥116,375,763.06 year-on-year[32]. - The gross profit margin for the industrial sector is 27.35%, down 3.25% from the previous year[36]. - The company reported a total profit of CNY 50,805,962.47, a decline of 47.0% compared to CNY 95,891,533.36 in the previous year[123]. - Earnings per share (EPS) for the period was CNY 0.09, compared to CNY 0.18 in the same period last year, reflecting a 50% decrease[124]. - The company achieved an operating profit of CNY 56,291,092.49, down 40.8% from CNY 95,145,623.29 in the previous year[123]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,953,456,906.32, an increase of 1.02% from the end of the previous year[19]. - The net assets attributable to shareholders increased by 4.07% to ¥1,715,216,104.97 compared to the end of the previous year[19]. - Total current assets decreased from ¥958,737,034.63 to ¥776,150,690.80, a decline of approximately 18.96%[114]. - Total liabilities decreased from ¥282,661,386.15 to ¥235,279,446.99, a decrease of about 16.76%[115]. - Total equity increased from ¥1,651,063,724.95 to ¥1,718,177,459.33, an increase of approximately 4.06%[116]. - The company's non-current assets increased from ¥974,988,076.47 to ¥1,177,306,215.52, an increase of about 20.83%[114]. Investment Activities - The company’s total investment for the period was ¥351,294,765.45, a 143.38% increase compared to ¥144,339,567.91 in the previous year[42]. - The company’s investment income was ¥23,395,816.25, representing 46.05% of total profit, primarily from financial products[38]. - The total amount of securities sold during the reporting period was 5,936,771 CNY, with no purchases made[48]. - The company’s investment strategy remains focused on equity investments, with a significant portion of funds sourced from its own capital[48]. - The company has invested a total of RMB 290.82 million in the subway environmental control research base project through its wholly-owned subsidiary Shanghai Zhezhong Electric Co., Ltd.[57]. Cash Flow - The net cash flow from operating activities for the first half of 2017 was ¥33,111,760.73, a decrease of 50.5% compared to ¥66,958,476.01 in the same period of 2016[130]. - Total cash inflow from investment activities was ¥404,894,701.64, down 46.3% from ¥753,136,655.53 year-on-year[130]. - The net cash flow from investment activities was -¥7,959,769.40, indicating a significant decline from -¥49,013,941.36 in the previous year[130]. - Cash and cash equivalents at the end of the period increased to ¥139,395,989.95, compared to ¥65,094,035.16 at the end of the previous period[131]. - The total cash and cash equivalents increased by ¥48,273,311.25 during the period, compared to an increase of ¥11,428,416.82 in the previous year[134]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 44,083[98]. - The largest shareholder, Shanghai Kangfeng Investment Management Co., Ltd., holds 62.52% of the shares, totaling 276,066,700 shares[98]. - The company has a total of 441,575,400 shares, with 361,775,400 shares subject to restrictions, accounting for 81.93%[95]. - The number of unrestricted shares is 79,800,000, representing 18.07% of the total shares[95]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[100]. Corporate Governance - The company held its annual general meeting with a participation rate of 62.52% on May 24, 2017[72]. - The company has not sold any significant assets during the reporting period[64]. - There are no major litigation or arbitration matters reported during the reporting period[77]. - The company has no significant penalties or rectification situations during the reporting period[78]. - The integrity status of the company and its controlling shareholders is good, with no significant debts due[79]. Future Plans - The company plans to continue developing its complete switchgear business while exploring new profit growth points through the transformation of its original PHC pile business[29]. - The company aims to expand its investment business scale to enhance its adaptability and risk resistance in a highly uncertain market environment[29]. - The company plans to achieve a net profit attributable to shareholders of CNY 5,000 to 7,000 million for the first three quarters of 2017, representing an increase of 315.66% to 481.92% compared to the same period in 2016[67]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[139]. Accounting and Compliance - The financial statements comply with the accounting standards and accurately reflect the company's financial position and operating results[153]. - The company uses RMB as its functional currency for accounting purposes[156]. - The company assessed its ability to continue as a going concern for the next 12 months and found no significant uncertainties[152]. - The accounting period for the company is from January 1 to December 31, with the current reporting period being from January 1, 2017, to June 30, 2017[154].