泰尔重工股份有限公司 2014 年第三季度报告正文 第一节 重要提示 泰尔重工股份有限公司 2014 年第三季度报告正文 | 证券代码：002347 | 证券简称：泰尔重工 | | --- | --- | | 转债代码：128001 | 转债简称：泰尔转债 | 公告编号：2014-45 泰尔重工股份有限公司 2014 年第三季度报告正文 1 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。 公司负责人邰正彪、主管会计工作负责人邰正彪及会计机构负责人(会计主管人员)杨晓 明声明：保证季度报告中财务报表的真实、准确、完整。 2 泰尔重工股份有限公司 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(%) | | --- | --- | --- | --- | --- | | ...

Financial Performance - The company's operating revenue for the first half of 2014 was ¥179,844,861.53, a decrease of 0.56% compared to the same period last year[23]. - The net profit attributable to shareholders was ¥14,373,273.63, down 34.02% year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥11,070,368.13, a decline of 47.08% compared to the previous year[23]. - The weighted average return on net assets was 1.53%, down 0.85 percentage points from the previous year[23]. - Net profit attributable to shareholders was ¥14,373,273.63, down 34.02% year-on-year, primarily due to increased financial expenses from bank loans and higher provisions for asset impairment due to increased accounts receivable[31]. - The company reported a total profit of ¥25,719,448.45, slightly up from ¥25,080,454.39 in the previous period[134]. - The net profit for the current period was CNY 14,373,273.63, contributing to an overall increase in equity of CNY 43,046,065.84[143]. - The anticipated net profit change percentage for the same period is expected to range from -70.00% to -20.00%[70]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, reaching -¥4,430,894.62, an 88.04% increase from -¥37,054,168.32 in the same period last year[23]. - Cash flow from operating activities showed a net outflow of ¥4,430,894.62, an improvement from a net outflow of ¥37,054,168.32 in the previous period[137]. - The company's cash and cash equivalents at the end of the period were 312,626,814.12 RMB, up from 248,238,204.73 RMB at the beginning of the period[123]. - The company's total assets at the end of the reporting period were ¥1,758,389,406.28, reflecting a growth of 6.47% from the end of the previous year[23]. - The company's total assets reached 1,758,389,406.28 RMB, an increase of 106,798,358.36 RMB or 6.47% compared to the beginning of the period[113]. - The company's cash and cash equivalents at the end of the period totaled ¥286,180,619.27, compared to ¥255,018,294.74 at the end of the previous period, marking an increase of 12.2%[137]. Investments and Projects - The company reported a 191.02% increase in construction in progress to ¥79,088,293.43, attributed to increased investment in convertible bond projects[33]. - The company has committed a total investment of CNY 20,260 million for the high-performance coupling and precision cutting blade production line expansion project, with an adjusted total of CNY 25,280 million[58]. - The hydraulic automatic precision coiling project has seen a cumulative investment of CNY 7,404.57 million, representing 47.43% of the planned investment[61]. - The cold-rolled main drive cross-axis coupling project has only achieved 17.45% of its planned investment, with a cumulative investment of CNY 1,690.61 million[61]. - The company plans to extend the completion time for several projects due to macroeconomic factors, with a new completion target set for April 2015[61]. Shareholder Information - The total number of shares increased from 187,200,117 to 191,068,464, representing a growth of 2.07%[104]. - The company converted convertible bonds with a face value of ¥32,843,000 into 3,868,347 shares during the reporting period[105]. - The number of shareholders decreased by 2,893, totaling 13,451 shareholders at the end of the reporting period[105]. - The shareholding of the largest shareholder, Kai Zhengbiao, is 91,494,000 shares, accounting for 47.89% of total shares[107]. - The company's capital reserve increased by ¥24,492,307.57 due to the conversion of convertible bonds[105]. Research and Development - Research and development investment decreased by 2.39% to ¥5,425,235.48[32]. - The company applied for 7 patents during the reporting period, with 2 patents approved, demonstrating its commitment to independent innovation[40]. - The company has received provincial science and technology progress awards for two independently developed new products, indicating strong innovation capabilities[44]. Operational Developments - The company successfully completed the first phase of its lean production project, establishing a foundation for comprehensive lean management[38]. - The first product maintenance service department was opened in Tangshan, marking a significant step in the company's marketing and service network development[39]. - The company has established a strong supplier management system and a first-class technical service platform, enhancing its competitive edge in the industry[44]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares for this period[6]. - The company did not engage in any external investments or securities investments during the reporting period[45][47]. - The company did not engage in any repurchase agreements during the reporting period[109]. - The company has no significant projects funded by non-fundraising sources during the reporting period[69]. Compliance and Governance - The company held one annual general meeting and three board meetings during the reporting period, complying with relevant laws and regulations[77]. - There were no significant litigation or arbitration matters during the reporting period[78]. - The financial report for the first half of the year has not been audited[98]. - The company did not report any changes in accounting policies or prior period error corrections during the current period[143].

Financial Performance - The company's operating revenue for Q1 2014 was ¥94,769,128.95, a decrease of 22.54% compared to ¥122,351,793.02 in the same period last year[7] - The net profit attributable to shareholders for Q1 2014 was ¥13,595,824.13, down 25.02% from ¥18,132,545.44 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥12,258,949.95, reflecting a decline of 33.90% compared to ¥18,546,167.05 in the previous year[7] - The basic earnings per share for Q1 2014 was ¥0.07, down 22.22% from ¥0.09 in the same period last year[7] - The diluted earnings per share decreased by 33.33% to ¥0.06 from ¥0.09 year-on-year[7] - The weighted average return on equity was 1.46%, a decrease of 0.64 percentage points from 2.10% in the previous year[7] Cash Flow - The net cash flow from operating activities was -¥5,876,894.45, worsening by 36.18% from -¥4,315,643.74 in the same period last year[7] - Cash flow from operating activities decreased by CNY 1.56 million, a decline of 36.18%, due to reduced cash received from sales[15] - Cash flow from investing activities increased by CNY 9.42 million, a growth of 85.22%, primarily due to increased dividend income[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,695,104,269.77, an increase of 2.63% from ¥1,651,591,047.92 at the end of the previous year[7] - The net assets attributable to shareholders increased by 1.56% to ¥940,261,589.66 from ¥925,778,738.39 at the end of the previous year[7] - Short-term borrowings increased by CNY 40 million, a growth of 57.14%, primarily due to new bank loans[14] Government Support and Subsidies - The company received government subsidies amounting to ¥3,167,751.21 during the reporting period[8] Market Conditions - Operating revenue decreased by CNY 27.58 million, a decline of 22.54%, attributed to a sluggish metallurgy industry and intense market competition[15] - The company anticipates continued challenges in the metallurgy sector, impacting sales revenue[18] Financial Expenses and Income - Investment income increased by CNY 7.06 million, a growth of 341%, mainly due to higher dividend income received[14] - Financial expenses increased by CNY 707,224.47, a growth of 63.01%, due to higher interest expenses from increased bank borrowings[14] - Tax expenses decreased by CNY 1.40 million, a decline of 51.40%, due to reduced profit leading to lower tax provisions[14] - Special reserves increased by CNY 607,453.80, a growth of 63.14%, due to unutilized provisions from the current period[14] Future Outlook - The net profit attributable to shareholders for the first half of 2014 is expected to range from CNY 1.31 million to CNY 2.18 million, reflecting a change of -40% to 0% compared to the same period in 2013[18]

Financial Performance - The company's operating revenue for 2013 was CNY 358,019,290.86, a decrease of 11.98% compared to CNY 406,746,701.27 in 2012[26] - The net profit attributable to shareholders for 2013 was CNY 14,527,341.29, down 65.96% from CNY 42,681,862.07 in the previous year[26] - Basic earnings per share for 2013 were CNY 0.08, a decrease of 65.22% from CNY 0.23 in 2012[26] - The weighted average return on equity was 1.59%, down from 5.08% in the previous year[26] - The company reported a net profit of CNY -1.43 million for its subsidiary, Ma'anshan Tai'er Industrial Trade Co., Ltd., with total assets of CNY 120.43 million[91] - The company’s subsidiary, Ma'anshan Power Transmission Machinery Co., Ltd., reported a net profit of CNY 3.01 million with total assets of CNY 196.70 million[94] - In 2013, the net profit of Ma'anshan Power Transmission Machinery Co., Ltd. decreased by 76.95% to CNY 3,006,361.66 due to a decline in gross margin and increased interest expenses and asset impairment losses[95] - The net profit of Ma'anshan Tail Industrial Trade Co., Ltd. in 2013 was CNY -1,431,049.66, a decrease of 15.75 times compared to 2012, primarily due to increased asset impairment losses[95] Cash Flow and Assets - The net cash flow from operating activities was negative CNY 43,726,486.48, an improvement of 64.77% compared to negative CNY 124,129,118.72 in 2012[26] - The total assets at the end of 2013 were CNY 1,651,591,047.92, an increase of 33.79% from CNY 1,234,423,066.02 at the end of 2012[26] - The net cash flow from operating activities in 2013 was -¥43,726,486.48, an improvement of 64.77% from -¥124,129,118.72 in 2012[57] - The company’s financing activities generated a net cash flow of ¥346,334,563.77 in 2013, a significant increase of 1,115.39% compared to ¥28,495,740.06 in 2012[57] - The net cash flow from financing activities in 2013 was ¥346,334,563.77, a growth of 11.15 times year-on-year, mainly due to funds raised from the issuance of convertible bonds[58] - The net increase in cash and cash equivalents for 2013 was ¥175,258,637.85, reflecting a growth of 211.19% compared to 2012, attributed to the funds from the issuance of convertible bonds[58] Research and Development - Research and development expenditure was CNY 12,535,417.90, a decline of 19.96% from 2012[43] - The total R&D expenditure in 2013 was ¥12,535,417.90, down 19.96% from ¥15,660,719.51 in 2012, with R&D expenses accounting for 3.50% of operating income[49] - The company obtained 1 invention patent and 6 utility model patents in 2013, enhancing its innovation capabilities[39] - The company has a strong focus on R&D, with a commitment to innovation and collaboration with academic institutions, leading to the development of new products recognized for their technological advancements[68] Investment Activities - The company issued convertible bonds in January 2013, raising funds for investments in precision coiling, cold-rolled universal joints, and composite sliding boards[41] - The company’s investment activities saw a cash outflow of ¥127,505,977.07 in 2013, an increase of 82.31% from ¥69,939,611.31 in 2012[57] - The company plans to invest CNY 90 million in equity investment in Anhui Ma'anshan Rural Commercial Bank, with 100% of the planned investment completed by the end of the reporting period[97] - The company has committed investment projects totaling CNY 32 million, with an actual investment of CNY 5.09 million, representing 15.91% of the total commitment[86] Market and Competition - The company faces risks from fluctuations in raw material prices and potential market competition due to macroeconomic changes[12] - The company faces risks from cyclical fluctuations in the steel industry, which may impact performance due to macroeconomic conditions and fixed asset investment levels[107] - The company has successfully replaced imports in recent years, but faces potential market risks from global competitors reducing prices amid a slowing economic recovery[107] - The company anticipates that the demand for steel production in China will continue to grow in 2014, although the growth rate is expected to decline[102] - The company expects the overall steel industry to maintain a micro-profit state in 2014 due to high production costs and ongoing challenges in the market[102] Corporate Governance - The company has maintained its accounting firm, Tianjian Accounting Firm, for 4 consecutive years, with an audit fee of 400,000 yuan[119] - The company has committed to not affecting the independence of the issuer and has fulfilled its obligations to minority shareholders[118] - The company has a diverse board with members holding advanced degrees and significant industry experience, enhancing its governance structure[148] - The company maintains transparency in information disclosure, ensuring equal access for all shareholders[171] - The company has established a fair and effective performance evaluation system for senior management, with KPI assessments linked to annual business goals[187] Shareholder Information - The total share capital increased from 104 million shares to 187.2 million shares due to capital reserve conversion and bond conversion, resulting in a 79.8% increase in total shares[126] - The company had 16,344 shareholders at the end of the reporting period, with the largest shareholder, Tai Zhengbiao, holding 48.87% of the shares[132] - The controlling shareholder and actual controller of the company is Mr. Tai Zhengbiao, who holds 91,494,000 shares, representing a significant increase from 50,830,000 shares[144] - The total number of shares held by directors, supervisors, and senior management increased from 60,011,000 to 106,842,517 shares due to a rights issue, representing an increase of approximately 77.8%[146] Risk Management - The company emphasizes the importance of monitoring investment risks due to uncertainties in macroeconomic conditions and central reform measures[6] - The company plans to strengthen financial management and establish a risk warning mechanism for operating funds to improve capital operation efficiency[104] - The company has established a comprehensive training system to support employee development and align with corporate growth[107] Legal and Compliance - There were no significant legal disputes or media controversies reported during the fiscal year[115][116] - The company did not face any major issues regarding stock trading violations or non-standard audit reports during the reporting period[120] - The internal control system established by the company complies with relevant laws and regulations, ensuring effective financial reporting controls[192]