证券代码：002363 证券简称：隆基机械 公告编号：2020-055 山东隆基机械股份有限公司 关于参加山东辖区上市公司 2020 年度投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，山东隆基机械股份有限公司（以下简称 "公司"）定于 2020 年 9 月 29 日（星期二）下午 15:00-16:55 参加"山东辖区 上市公司 2020 年度投资者网上集体接待日"活动，现将有关事项公告如下： 本次投资者网上集体接待日活动将通过网上平台采取网络远程的方式举行， 投资者可登陆"全景·路演天下网站（http://rs.p5w.net）"参与本次投资者 网上接待日活动。 届时公司财务总监、董事会秘书刘建先生、证券事务代表呼国功先生将通过 网络在线交流形式与投资者进行沟通，欢迎广大投资者积极参与。 特此公告。 山东隆基机械股份有限公司 董事会 2020 年 9 月 28 日 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥764,987,807.41, a decrease of 11.35% compared to ¥862,900,727.66 in the same period last year[17]. - The net profit attributable to shareholders was ¥37,070,868.09, down 19.58% from ¥46,095,440.79 in the previous year[17]. - The net cash flow from operating activities was ¥2,891,202.08, a significant decline of 96.85% compared to ¥91,794,923.49 in the same period last year[17]. - Basic earnings per share decreased to ¥0.090, down 18.18% from ¥0.110 in the previous year[17]. - Total assets at the end of the reporting period were ¥3,355,497,084.64, a decrease of 2.39% from ¥3,437,787,919.62 at the end of the previous year[17]. - The company reported a decrease in the weighted average return on net assets to 1.56%, down from 1.98% in the previous year[17]. - The operating cost decreased by 8.34% to ¥662,722,354.63 from ¥723,024,084.27, resulting in a gross margin of 13.33%[42]. - The company reported a significant reduction in management expenses by 35.99% to ¥24,099,903.45, primarily due to decreased employee compensation and social security expenses[37]. - The company achieved a 15,718.46% increase in net cash flow from financing activities, amounting to ¥129,931,123.49, attributed to increased borrowings[38]. - The company reported a net profit increase in retained earnings from CNY 502,566,933.13 to CNY 520,913,289.04, an increase of about 3.3%[124]. Market and Industry Position - The company focuses on the research, production, and sales of automotive brake components, including brake discs and hubs, primarily serving passenger and commercial vehicles[25]. - The automotive parts industry is experiencing significant growth, driven by globalization and specialization, with the company positioned as a key supplier in this sector[26]. - The company has established a strong customer base, including international brands such as Brembo and domestic manufacturers like BYD and Geely, covering over 50 countries and regions[30]. - The company maintains a commitment to high-end market positioning and aims to solidify its customer base while developing new clients[65]. - The company emphasizes the importance of maintaining a global industrial layout to enhance market responsiveness and leverage its market experience[66]. Research and Development - The company invests significantly in R&D, collaborating with universities and research institutions to enhance its technological capabilities and product innovation[29]. - The company filed 9 patent applications during the reporting period, with 3 patents granted, including 2 invention patents[34]. - The company completed the development of 193 new brake disc hubs and 20 new brake calipers, indicating ongoing product innovation[34]. - The company aims to enhance its research and development capabilities to drive innovation in its product offerings[149]. - The company plans to continue investing in new technologies and market expansion to drive future growth[151]. Financial Management and Investments - The total amount of raised funds is CNY 111,491.6 million, with CNY 4,380.5 million invested during the reporting period[52]. - Cumulative investment of raised funds reached CNY 91,818.38 million, with 42.47% of the total raised funds having their usage changed[52]. - The company has utilized idle raised funds for cash management, with a maximum amount of 20,000 million CNY approved for short-term financial products[56]. - The company has returned all idle funds used for temporary working capital back to the special account for raised funds[56]. - The company reported a total of 981.8 million yuan in related party transactions, with a sales transaction amounting to 5,189 million yuan, representing 100% of the total[81]. Risks and Challenges - The company faced various risks including policy, market, credit, and securities investment risks, which are detailed in the report[5]. - The company faced risks from the COVID-19 pandemic affecting production safety and order delivery, with a significant portion of revenue coming from exports[64]. - Raw material costs, primarily iron and scrap steel, accounted for over 60% of the main business costs, exposing the company to price volatility risks[64]. - The company reported a loss in several subsidiaries, with significant negative impacts on net profits from companies like Longkou Longji and Shandong Longji Brake Parts[62]. - The company's export revenue accounted for over 50% of its main business income in recent years, primarily from North America and Europe, indicating significant exposure to exchange rate fluctuations[65]. Corporate Governance and Compliance - The company has maintained a stable and professional management team, ensuring effective governance and operational efficiency over its 20+ years of experience[32]. - The company has not experienced any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[78]. - The company has not faced any penalties or rectification issues during the reporting period, reflecting good compliance[79]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[80]. - The company has not reported any non-operating fund occupation by controlling shareholders during the reporting period[86]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,775[104]. - Longi Group holds 42.24% of the shares, making it the controlling shareholder of the company[105]. - The top ten shareholders include Longi Group with 175,771,440 shares and other significant shareholders such as Sun Lisheng with 6,540,962 shares and Zhang Wei with 5,592,177 shares[105]. - The company has not engaged in any repurchase transactions among its top ten shareholders during the reporting period[105]. Financial Position and Assets - The company's cash and cash equivalents as of June 30, 2020, amount to 701,274,914.50 RMB, a decrease from 747,166,520.03 RMB at the end of 2019[121]. - Accounts receivable stand at 379,667,426.57 RMB, down from 399,760,817.51 RMB at the end of 2019[121]. - Inventory is reported at 618,035,946.40 RMB, a decrease from 663,704,084.87 RMB at the end of 2019[121]. - Total assets decreased from CNY 3,437,787,919.62 at the end of 2019 to CNY 3,355,497,084.64 by June 30, 2020, representing a decline of approximately 2.4%[122]. - Total liabilities decreased from CNY 1,011,056,140.29 to CNY 911,132,543.43, a decline of approximately 9.9%[123].

Financial Performance - The company's operating revenue for 2019 was CNY 1,632,845,128.18, a decrease of 14.08% compared to CNY 1,900,511,875.55 in 2018[19] - The net profit attributable to shareholders for 2019 was CNY 61,852,894.68, down 23.70% from CNY 81,061,045.09 in the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 49,476,989.07, a decline of 29.33% from CNY 70,007,549.67 in 2018[19] - The net cash flow from operating activities was CNY 133,536,845.01, a significant drop of 46.49% compared to CNY 249,576,352.25 in 2018[19] - The basic earnings per share for 2019 was CNY 0.15, down 21.05% from CNY 0.19 in the previous year[19] - The total assets at the end of 2019 were CNY 3,437,787,919.62, a slight decrease of 0.21% from CNY 3,444,996,305.72 at the end of 2018[19] - The net assets attributable to shareholders increased by 2.38% to CNY 2,359,847,606.08 from CNY 2,305,039,318.79 in 2018[19] - The weighted average return on equity for 2019 was 2.65%, down from 3.57% in 2018[19] Revenue and Profit Trends - In Q1 2019, the company reported revenue of ¥469.8 million, which decreased to ¥393.1 million in Q2, and further declined to ¥352.1 million in Q3, before recovering to ¥417.8 million in Q4[23] - The net profit attributable to shareholders was ¥20.9 million in Q1, peaked at ¥25.2 million in Q2, dropped to ¥22.9 million in Q3, and recorded a loss of ¥7.1 million in Q4[23] - The revenue from the mechanical manufacturing sector was ¥1,630,118,723.74, accounting for 99.83% of total revenue, with a year-on-year decrease of 14.16%[48] - The company achieved operating revenue of ¥1,632,845,128.18, a year-on-year decrease of 14.08%[40] - The net profit attributable to shareholders was ¥61,852,894.68, down 23.70% year-on-year[40] Industry Context - The automotive industry in China saw a decline in production and sales, with a drop of 7.5% in production and 8.2% in sales in 2019, continuing a trend of negative growth from 2018[30] - The automotive parts manufacturing industry in China is expected to continue growing, supported by the country's industrialization and urbanization processes[31] Research and Development - The company has a strong focus on R&D, investing in new technologies and materials to upgrade automotive brake components, aiming to improve product performance and quality[31] - The company submitted 13 patent applications during the reporting period, including 2 invention patents, and received 7 patent authorizations[43] - Research and development expenses increased by 14.07% to ¥13,318,678.50 in 2019, compared to ¥11,675,945.21 in 2018[58] Cash Flow and Investments - The total cash inflow from operating activities was ¥1,523,713,927.85 in 2019, an increase of 8.27% from ¥1,407,375,929.78 in 2018[61] - The total cash outflow from investment activities was ¥928,521,517.94 in 2019, a decrease of 16.95% from ¥1,118,008,758.80 in 2018[61] - The total amount of cash and cash equivalents decreased by 58.34% to -¥47,182,327.24 in 2019, compared to -¥113,255,390.85 in 2018[62] Shareholder Information - The company plans to distribute a cash dividend of CNY 0.45 per 10 shares, based on a total of 416,100,301 shares[6] - The total distributable profit for 2019 was RMB 502,566,933.13, with the cash dividend constituting 100% of the profit distribution[92] - The company has maintained a consistent cash dividend policy over the past three years, with no stock dividends or capital reserve transfers[90] Corporate Governance - The independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[89] - The company has established a comprehensive training and development platform for employees, enhancing human resource management and optimizing talent allocation[101] - The company has a governance structure that includes a board of directors with 7 members, 3 of whom are independent directors[140] Market Position and Strategy - The company aims to enhance its core competitiveness through investment in new projects and technological upgrades, ensuring a competitive edge in the industry[32] - The company is committed to high-end market positioning and enhancing its competitive edge through increased R&D investment and customer development[84] - The company plans to enhance its product development capabilities and improve production efficiency through process innovation and smart manufacturing upgrades[81] Environmental and Social Responsibility - The company has achieved ISO14001 certification for environmental management and maintains a low pollution, low emission operational model[102] - The company actively participates in social responsibility initiatives, contributing to local economic development and providing employment opportunities[102] Risks and Challenges - The company faces risks from the COVID-19 pandemic, which has impacted order delivery and production, but is actively expanding its domestic market to mitigate these effects[82] - Raw material costs, particularly iron and scrap steel, account for over 60% of the company's main business costs, making it vulnerable to price fluctuations[83] - The company exports over 50% of its revenue, making it susceptible to exchange rate fluctuations, particularly against the US dollar and Euro[83]

Financial Performance - The company's operating revenue for Q1 2020 was ¥393,766,779.46, a decrease of 16.18% compared to ¥469,798,393.40 in the same period last year[9] - The net profit attributable to shareholders was ¥19,945,178.65, down 4.72% from ¥20,933,229.41 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥16,850,392.36, reflecting a decline of 12.48% from ¥19,253,678.19 in the previous year[9] - The basic earnings per share remained unchanged at ¥0.05, with a diluted earnings per share also at ¥0.05[9] - The weighted average return on equity was 0.84%, down from 0.90% in the previous year[9] - The company reported a total current liability of CNY 982,539,370.43, which is slightly higher than CNY 981,085,190.32 from the previous period[32] - The company's net profit attributable to shareholders increased to CNY 522,512,111.78 from CNY 502,566,933.13, marking a growth of about 4.0%[33] - The company experienced a tax expense of CNY 2,925,778.50 in Q1 2020, a decrease of 27.5% from CNY 4,029,510.08 in Q1 2019[40] Cash Flow - The net cash flow from operating activities was ¥58,553,745.48, a decrease of 11.70% compared to ¥66,314,238.04 in the same period last year[9] - Cash flow from operating activities was CNY 328,889,297.89, significantly lower than CNY 501,175,414.69 in the previous year, indicating a need for improved cash management[47] - The net cash flow from operating activities for Q1 2020 was CNY 96,097,717.85, an increase of 102.4% compared to CNY 47,469,871.04 in Q1 2019[51] - Total cash inflow from operating activities was CNY 385,410,625.79, down 28.0% from CNY 535,527,135.15 in the previous year[51] - Cash outflow from operating activities totaled CNY 289,312,907.94, a decrease of 40.7% compared to CNY 488,057,264.11 in Q1 2019[51] - The net cash flow from investing activities was CNY -7,797,694.85, an improvement from CNY -100,121,621.58 in the same period last year[51] - The net cash flow from financing activities was CNY 20,780,358.49, a turnaround from CNY -635,521.81 in Q1 2019[52] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,458,612,304.81, an increase of 0.61% from ¥3,437,787,919.62 at the end of the previous year[9] - Total liabilities reached CNY 1,012,570,738.39, showing a marginal increase from CNY 1,011,056,140.29 in the previous period[32] - The company's cash and cash equivalents increased to CNY 695,511,568.62 from CNY 648,971,302.56, indicating a growth of approximately 7.1%[34] - Accounts receivable decreased to CNY 333,378,205.23 from CNY 374,566,693.46, representing a decline of about 11.0%[34] - Total assets amounted to CNY 3,437,787,919.62, with current assets at CNY 2,155,061,295.89 and non-current assets at CNY 1,282,726,623.73[55] - Total equity attributable to shareholders reached CNY 2,359,847,606.08, with total equity amounting to CNY 2,426,731,779.33[56] Expenses and Costs - Management expenses decreased by 36.78% in the current period compared to the previous period, mainly due to reduced wages and social insurance benefits during the pandemic[17] - Financial expenses decreased by 176.42% in the current period compared to the previous period, primarily due to increased exchange gains[17] - Other income increased by 2587.44% in the current period compared to the previous period, mainly due to an increase in government subsidies received[17] - Total operating costs for Q1 2020 were CNY 377,292,376.87, down from CNY 446,769,309.09 in Q1 2019, reflecting a cost reduction strategy[39] - Research and development expenses for Q1 2020 were CNY 2,550,469.64, a decrease of 23.5% compared to CNY 3,338,479.21 in Q1 2019[39] Other Key Information - The company reported non-recurring gains of ¥3,094,786.29 during the reporting period[10] - The company has no significant non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - The company reported a reclassification of pre-revenue items to contract liabilities, with no impact on total assets, liabilities, or equity[59] - The company has adopted new revenue and leasing standards starting in 2020, with no retrospective adjustments to prior data[60] - The first quarter report for 2020 was not audited[60]

山东隆基机械股份有限公司 2019 年第三季度报告全文 山东隆基机械股份有限公司 2019 年第三季度报告 2019 年 10 月 1 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张海燕、主管会计工作负责人刘建及会计机构负责人(会计主管 人员)王德生声明：保证季度报告中财务报表的真实、准确、完整。 2 山东隆基机械股份有限公司 2019 年第三季度报告全文 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 山东隆基机械股份有限公司 2019 年第三季度报告全文 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。 | | 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） | 3,386,685,167.42 | | 3,444,996,305.72 | -1.69% | | 归属于上市公司股东的净资产 （ ...

山东隆基机械股份有限公司 2019 年第三季度报告全文 山东隆基机械股份有限公司 2019 年第三季度报告 2019 年 10 月 1 山东隆基机械股份有限公司 2019 年第三季度报告全文 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。 公司负责人张海燕、主管会计工作负责人刘建及会计机构负责人(会计主管 人员)王德生声明：保证季度报告中财务报表的真实、准确、完整。 2 山东隆基机械股份有限公司 2019 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 3,386,685,167.42 | | 3,444,996,305.72 | -1.69% | | 归属于上市公司股东的净资产 （ ...

Financial Performance - The company's operating revenue for the first half of 2019 was ¥862,900,727.66, a decrease of 10.18% compared to ¥960,681,640.18 in the same period last year[17]. - The net profit attributable to shareholders was ¥46,095,440.79, down 9.81% from ¥51,110,355.75 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥41,634,448.18, reflecting a decline of 10.92% compared to ¥46,740,035.53 in the previous year[17]. - The total assets at the end of the reporting period were ¥3,418,023,614.42, a decrease of 0.78% from ¥3,444,996,305.72 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 1.64% to ¥2,342,812,753.56 from ¥2,305,039,318.79 at the end of the previous year[17]. - The operating cost decreased by 8.96% to RMB 723.02 million from RMB 794.17 million year-on-year[40]. - The gross profit margin for the mechanical manufacturing sector was 16.16%, down 1.16% from the previous year[43]. - The total profit for the first half of 2019 was CNY 55,440,825.03, a decrease of 1.3% from CNY 59,114,612.40 in the previous year[130]. - The company's operating profit was CNY 55,225,369.22, down 6.5% from CNY 59,197,768.17 in the first half of 2018[130]. - The total comprehensive income for the first half of 2019 was RMB 51,076,831.42[153]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 62.28% to ¥91,794,923.49 from ¥56,565,927.65 in the same period last year[17]. - The company reported a significant increase in cash and cash equivalents, with a net increase of RMB 54.85 million, a 75.56% improvement from a net decrease of RMB 224.45 million in the previous year[40]. - The ending balance of cash and cash equivalents was ¥394,946,846.03, compared to ¥351,163,390.74 at the end of the first half of 2018, an increase of 12.5%[140]. - The company experienced a net decrease in cash and cash equivalents of -¥92,188,360.30 for the first half of 2019, an improvement from -¥236,399,587.23 in the same period of 2018[140]. - Cash inflow from operating activities was CNY 1,045,149,807.62, an increase from CNY 975,034,012.92 in the previous year[134]. - The net cash flow from investing activities was -¥144,980,077.09, an improvement from -¥260,146,155.63 in the first half of 2018[139]. - The net cash flow from financing activities was -¥831,907.65, compared to -¥10,394,407.43 in the first half of 2018, showing a significant improvement[139]. Investment and R&D - The company has invested in R&D, focusing on lightweight automotive brake components and developing new materials such as aluminum-based brake discs and calipers[35]. - The company has established a provincial-level "Automotive Brake Component Engineering Technology Research Center" and other research platforms to strengthen its R&D capabilities[24]. - Research and development expenses increased to CNY 6,459,424.32, up 33.3% from CNY 4,845,609.00 in the same period of 2018[130]. - The company plans to use surplus raised funds and interest of RMB 150,000,000 for the "Automobile Lightweight Chassis Digital Workshop Renovation Project"[53]. - The company has a total of RMB 111,491,000 in committed investment projects, with RMB 85,870,000 invested by the end of the reporting period[54]. Market Strategy and Operations - The company plans to focus on management innovation, technological innovation, and process innovation to enhance operational efficiency and safety[21]. - The company aims to accelerate the transformation of old and new growth drivers while enhancing its market strategy and technical research and development[21]. - The company is adapting to market changes by increasing its focus on high-end markets and expanding its sales channels in the domestic aftermarket[34]. - The company has established partnerships with over 50 well-known domestic and international manufacturers, including Brembo, Bosch, and BYD, enhancing its customer resource advantage[25]. - The company is committed to building a green foundry and smart factory as part of its operational strategy[21]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 29,033, showing a stable shareholder base[99]. - The largest shareholder, Longi Group, holds 42.24% of the shares, indicating strong control by the parent company[99]. - The total equity attributable to the parent company's shareholders at the end of the previous period was 884 million yuan, with a total of 295 million yuan in retained earnings[141]. - The company's total equity at the end of the reporting period was 2,307.91 million yuan, with a significant increase from the previous balance of 2,270.15 million yuan[151]. Risks and Challenges - The main raw materials, iron and scrap steel, account for over 60% of the main business costs, exposing the company to price fluctuation risks[67]. - The company is closely monitoring economic environment changes and industry policies to mitigate risks associated with order reductions and inventory accumulation[67]. - The automotive industry in China faced challenges in 2019, with a 13.7% decline in production and a 12.4% decline in sales compared to the previous year[33]. - The company has not achieved the expected benefits from several projects due to macroeconomic and market conditions[56]. Compliance and Governance - The semi-annual financial report was not audited[113]. - The company follows the Chinese Accounting Standards for the preparation of its financial statements[163]. - There were no major related party transactions or debt relations reported, suggesting a clean financial structure[83]. - The company has not initiated any significant environmental protection issues and is committed to green manufacturing practices[90].

Financial Performance - The company's operating revenue for Q1 2019 was ¥469,798,393.40, representing a 2.07% increase compared to ¥460,265,467.15 in the same period last year[9]. - The net profit attributable to shareholders for Q1 2019 was ¥20,933,229.41, up 4.49% from ¥20,033,739.43 in the previous year[9]. - The basic earnings per share remained unchanged at ¥0.05, consistent with the same period last year[9]. - The company's net profit for Q1 2019 was not explicitly stated, but the increase in retained earnings was CNY 442,068,761.97 compared to CNY 419,333,100.73 from the previous period, reflecting a growth of approximately 5.43%[37]. - The total profit for the first quarter was CNY 24,349,104.09, up from CNY 22,745,209.46, reflecting a growth of approximately 7.0% year-over-year[40]. - The company's operating profit was CNY 24,284,745.71, compared to CNY 22,718,415.06 in the previous year, marking an increase of around 6.9%[40]. - The comprehensive income totalled CNY 20,319,594.01, compared to CNY 19,602,509.60 in the same quarter last year, showing an increase of about 3.6%[40]. - The total profit margin improved, with the profit margin for the first quarter of 2019 at approximately 5.0%, compared to 4.3% in the same period last year[40]. Cash Flow - The net cash flow from operating activities decreased by 36.06%, amounting to ¥66,314,238.04 compared to ¥103,714,238.47 in the same period last year[9]. - Total cash inflow from operating activities was ¥546,837,576.35, up 25.4% from ¥435,996,357.23 in the previous year[46]. - Cash outflow for purchasing goods and services increased to ¥396,916,246.02, compared to ¥239,357,561.10 in the same period last year, reflecting a 65.9% increase[46]. - The net cash flow from investment activities was -¥100,490,463.35, an improvement from -¥216,300,812.69 in Q1 2018[47]. - The company reported a net cash flow from financing activities of -¥635,521.81, compared to a positive cash flow of ¥3,954,828.08 in Q1 2018[50]. - The ending balance of cash and cash equivalents was ¥513,772,943.60, down from ¥554,942,060.01 at the end of Q1 2018[47]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,462,676,184.34, a 0.51% increase from ¥3,444,996,305.72 at the end of the previous year[9]. - The total liabilities decreased to CNY 1,030,687,419.92 from CNY 1,062,951,092.82, showing a reduction of about 3.01%[36]. - Total current assets as of March 31, 2019, amounted to CNY 2,179,559,640.88, compared to CNY 2,134,883,311.65 as of December 31, 2018[30]. - Total liabilities for accounts payable and notes payable were CNY 980,065,744.25 as of March 31, 2019, compared to CNY 990,248,255.90 as of December 31, 2018[30]. - The company's cash and cash equivalents decreased to CNY 648,637,406.56 from CNY 711,704,209.33, a decline of approximately 8.84%[34]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,405[13]. - The largest shareholder, Longi Group Co., Ltd., holds 42.24% of the shares, amounting to 175,771,440 shares[13]. - The net assets attributable to shareholders increased by 0.91%, reaching ¥2,325,972,548.20 compared to ¥2,305,039,318.79 at the end of the previous year[9]. - The total equity attributable to shareholders increased to CNY 2,325,972,548.20 from CNY 2,305,039,318.79, reflecting a growth of approximately 0.90%[32]. Research and Development - Research and development expenses for Q1 2019 were CNY 3,338,479.21, up from CNY 2,659,651.09, indicating a growth of about 25.45%[38]. - Research and development expenses increased to CNY 3,128,612.39 from CNY 2,437,106.73, representing a growth of approximately 28.4% year-over-year[42]. Other Financial Metrics - The weighted average return on net assets was 0.90%, slightly up from 0.89% in the previous year[9]. - The company reported non-recurring gains and losses totaling ¥1,679,551.22 for the reporting period[10]. - Accounts receivable decreased by 42.53% from December 31, 2018, primarily due to the use of notes receivable for payment[17]. - Other receivables increased by 119.62% from December 31, 2018, mainly due to an increase in employee medical funds receivable[17]. - Other current assets rose by 34.28% from December 31, 2018, attributed to an increase in purchased bank wealth management products[17]. - Deferred income increased by 35.26% from December 31, 2018, due to an increase in government subsidies received[17]. - Deferred income tax liabilities increased by 51.25% from December 31, 2018, mainly due to one-time deductions for fixed assets[17]. - The company reported a decrease in financial expenses to CNY 7,639,046.69 from CNY 8,957,279.26, reflecting a reduction of about 14.7%[42].

Financial Performance - The company's operating revenue for 2018 was CNY 1,900,511,875.55, representing a 10.20% increase compared to CNY 1,724,623,250.45 in 2017[19]. - The net profit attributable to shareholders for 2018 was CNY 81,061,045.09, a significant increase of 44.56% from CNY 56,074,091.49 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 70,007,549.67, which is a 26.31% increase from CNY 55,425,368.82 in 2017[19]. - The basic earnings per share for 2018 was CNY 0.19, up 35.71% from CNY 0.14 in 2017[19]. - The total assets at the end of 2018 were CNY 3,444,996,305.72, reflecting a 4.53% increase from CNY 3,295,679,051.81 at the end of 2017[19]. - The net assets attributable to shareholders increased to CNY 2,305,039,318.79, a rise of 3.26% from CNY 2,232,300,275.89 in 2017[19]. - The net cash flow from operating activities was CNY 249,576,352.25, which decreased by 10.28% compared to CNY 278,169,682.87 in the previous year[19]. - The weighted average return on equity for 2018 was 3.57%, an increase from 2.94% in 2017[19]. Revenue Breakdown - The company's total revenue for the four quarters was approximately 2.0 billion yuan, with the highest in Q2 at 500.42 million yuan and the lowest in Q3 at 458.29 million yuan[21]. - The net profit attributable to shareholders for the year totaled approximately 81.06 million yuan, with Q2 showing the highest profit of 31.08 million yuan, while Q4 saw a significant drop to 5.88 million yuan[21]. - The net cash flow from operating activities was positive in three out of four quarters, totaling approximately 249.48 million yuan, with Q2 showing a negative cash flow of -47.15 million yuan[21]. - The mechanical manufacturing sector accounted for 99.92% of total revenue, with a revenue increase of 13.48% year-on-year, reaching ¥1,898,910,595.57[56]. - Domestic sales contributed 40.63% of total revenue, decreasing by 7.92% year-on-year, while international sales increased by 27.35%, accounting for 59.37% of total revenue[57]. - The company sold 28,216,326 units in 2018, a 7.46% increase from 26,257,135 units in 2017[60]. Research and Development - Research and development expenses increased by 11.78% to ¥11,675,945.21 in 2018, compared to ¥10,445,269.45 in 2017[65]. - R&D investment increased by 7.03% from 2017 to 2018, totaling ¥57,395,458.64, representing 3.02% of operating revenue[66]. - The company has submitted 17 patent applications and received 7 patent certificates and authorizations during the reporting period[52]. - The company is planning to invest in R&D for lightweight automotive brake components, including dual-metal brake discs and aluminum-based designs, to improve product performance and quality[90]. Market Position and Strategy - The company has established itself as one of the largest manufacturers of automotive brake components in China, with a comprehensive product range covering all passenger and commercial vehicle models[33]. - The company plans to enhance its product research and development efforts to optimize product and market structure, aiming to increase market share and establish itself as a world-class brake component manufacturer[33]. - The automotive parts industry is experiencing a transformation towards smart, lightweight, and environmentally friendly products, presenting significant opportunities for growth in new energy vehicles and intelligent driving[29]. - The company aims to enhance its market share in high-end customer segments and expand its international OEM and aftermarket markets, focusing on new product development[89]. - The company is actively promoting new energy vehicle products, focusing on key clients such as BYD, Geely, and Changan[48]. Operational Efficiency - The company has implemented lean production and supply chain management to enhance cost control and efficiency across all operational aspects[40]. - The company operates 19 casting production lines, capable of processing 2,000 tons of materials daily, producing over 6,000 types of brake discs and hubs annually[39]. - The company maintains a direct sales model to major domestic and international automotive manufacturers, ensuring timely delivery based on customer demand[25]. - The company has a robust supplier management system, ensuring quality and timely procurement of raw materials necessary for production[24]. Cash Flow and Investments - Operating cash inflow decreased by 6.81% year-on-year, amounting to ¥1,407,375,929.78, while cash outflow decreased by 6.02% to ¥1,157,799,577.53[68][69]. - Investment cash inflow increased by 34.37% to ¥772,423,651.34, while cash outflow surged by 48.90% to ¥1,118,008,758.80, resulting in a net cash outflow of ¥345,585,107.46[69]. - The company has a total of CNY 124.46 million in unused raised funds, which are stored in dedicated accounts[80]. - The company has approved the use of up to CNY 200 million of idle raised funds for cash management in safe and liquid investment products[80]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, based on a total of 416,100,301 shares[7]. - The cash dividend for 2018 represented 10.27% of the net profit attributable to the company's ordinary shareholders[104]. - The total cash dividends distributed over the last three years were RMB 8,322,006.02 in both 2017 and 2018, and RMB 7,717,472.48 in 2016[104]. - The company's total distributable profit for 2018 was RMB 454,295,884.34, with cash dividends accounting for 100% of the profit distribution[104]. Governance and Compliance - The company held 8 board meetings and 1 shareholders' meeting during the reporting period, ensuring compliance and effective governance[53]. - The company has established a comprehensive regulatory framework to protect shareholder rights and ensure accurate information disclosure[124]. - The company has a dedicated internal audit department with 3 full-time auditors to oversee financial and operational compliance[177]. - The company has implemented a transparent information disclosure policy, ensuring timely and accurate communication with investors[174]. Environmental and Social Responsibility - The company has achieved ISO 14001 certification for environmental management and has maintained compliance with environmental regulations, with no pollution incidents reported during the period[126]. - The company actively participates in charitable donations and poverty alleviation initiatives, benefiting local schools and elderly care facilities[127]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities and promotes green manufacturing practices[128]. - The company has implemented a lifecycle approach to enhance resource efficiency and reduce pollution during production processes[128].

山东隆基机械股份有限公司 2018 年第三季度报告正文 证券代码：002363 证券简称：隆基机械 公告编号：2018-044 山东隆基机械股份有限公司 2018 年第三季度报告正文 1 山东隆基机械股份有限公司 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。 公司负责人张海燕、主管会计工作负责人刘建及会计机构负责人(会计主管 人员)王德生声明：保证季度报告中财务报表的真实、准确、完整。 2 山东隆基机械股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 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） | 3,304,029,733.69 | 3,295,679,051.81 | | 0.25% | | 归属于 ...