Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥489.99 million, a decrease of 30.83% compared to ¥708.35 million in the same period last year[16]. - The net profit attributable to shareholders of the listed company was approximately ¥46.49 million, an increase of 21.47% from ¥38.28 million year-on-year[16]. - The net profit after deducting non-recurring gains and losses was approximately ¥3.17 million, a significant decrease of 91.69% compared to ¥38.12 million in the previous year[16]. - The net cash flow from operating activities improved to approximately -¥25.99 million, a 92.43% increase from -¥343.53 million in the same period last year[16]. - The total assets at the end of the reporting period were approximately ¥5.93 billion, an increase of 5.19% from ¥5.64 billion at the end of the previous year[16]. - The net assets attributable to shareholders of the listed company were approximately ¥2.44 billion, an increase of 1.94% from ¥2.39 billion at the end of the previous year[16]. - The basic earnings per share for the reporting period was ¥0.0530, representing a 21.56% increase from ¥0.0436 in the same period last year[16]. - The weighted average return on net assets was 1.92%, an increase of 0.73% compared to 1.19% in the previous year[16]. - The company's operating revenue for the current period is ¥489,991,006.88, a decrease of 30.83% compared to ¥708,345,418.05 in the same period last year[49]. - Operating costs decreased by 34.47% to ¥399,884,415.39 from ¥610,203,915.77, primarily due to adjustments in the landscaping business and a reduction in construction scale[49]. - The company reported a net loss of CNY 257,776,697.38, an improvement from a loss of CNY 304,269,804.30 in the previous period[167]. - The total comprehensive income for the first half of 2019 was 38.2 million, a decrease of 76.3 million compared to the previous period, reflecting a decline of 96.9%[194]. Business Operations - The company operates primarily in two main businesses: ecological landscaping and anti-counterfeiting packaging[24]. - The ecological landscaping business focuses on design, construction, maintenance, and nursery cultivation, responding to national policies promoting ecological civilization[26]. - The anti-counterfeiting packaging business includes the development and production of composite anti-counterfeiting printed aluminum plates and caps, serving over 700 clients in the beverage and pharmaceutical industries[28]. - The company has established a strong market presence, with its anti-counterfeiting bottle caps holding the top domestic market share and exports to various countries including the USA and Australia[29]. - The company is actively expanding its business in the PPP model, aiming to enhance its ecological and environmental solutions[26]. - The company has established multiple specialized subsidiaries across the country, effectively mitigating seasonal and regional risks while seizing market expansion opportunities[35]. - The company is actively expanding its business in ecological restoration and water environment governance, providing a reliable foundation for future growth[36]. - The company has developed a comprehensive industry chain that includes landscape engineering construction, planning design, seedling sales, maintenance, and ecological environment governance[35]. - The company has successfully undertaken several large-scale projects in 2019, including the ecological restoration project in Anshun, Guizhou, and the urban infrastructure project in Bazhong, Sichuan, demonstrating its strong capabilities in landscape construction[34]. Financial Management - The company plans to enhance its financial structure by improving project financing channels and actively collecting accounts receivable[45]. - The company is committed to fulfilling its promises regarding shareholding and equity management, ensuring compliance with regulations[83]. - The company has committed to increase its shareholding by no less than 5% within the next twelve months, having already acquired 43,871,182 shares, representing 5% of the total share capital by the end of the reporting period[84]. - The company has established a receivables collection team to enhance the recovery of engineering payments and reduce bad debts, in line with national policies against payment delays to private enterprises[79]. - The company will implement fixed-price agreements for stable raw materials to manage price volatility and will consider hedging strategies for major commodities[79]. - The company has established a dedicated repayment working group to ensure timely and full payment of bond interest and principal[141]. - The company has arranged emergency measures for debt repayment, including the use of bank loans and cash recovery through asset sales or equity transfers[143][144]. Risks and Challenges - The company faced significant risks and has outlined measures to address these risks in the report[5]. - The company faces risks related to the PPP model, including financing costs and project implementation uncertainties[75]. - The company faces a talent shortage risk in the landscaping industry, which may hinder future growth if it cannot attract or retain skilled professionals[76]. - The company is experiencing delays in project settlements and potential bad debt losses due to various factors affecting the timely confirmation of engineering payments, which could negatively impact cash flow and financial performance[76]. - The company is exposed to risks from natural disasters and adverse weather conditions that could delay projects and increase operational costs, affecting financial results and cash flow[77]. - Raw material costs, which account for over 70% of product costs, are subject to significant fluctuations, particularly in aluminum prices, impacting profitability[78]. Shareholder Information - The total number of ordinary shareholders was 36,062, with significant shareholders including Suzhou Ruichang Investment holding 11.98% of shares[119]. - The largest shareholder, Suzhou Ruichang Investment, holds 105,104,481 shares, with 96,517,021 shares pledged[120]. - Shareholder Sun Shiyao holds 7.60% of shares, with 19,649,111 shares frozen[120]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[122]. Legal Matters - A significant lawsuit involving Chongqing Huayu Garden Company has a disputed amount of 17,796.02 million yuan, which has been settled[87]. - Another lawsuit with a claim of 7,000 million yuan has also been concluded[88]. - The company has faced various other litigation matters, including a labor contract dispute with a claim of 2.7 million yuan, which has been resolved[88]. Future Outlook - The company plans to enhance its market expansion strategies, focusing on new product development and technological advancements[191]. - The company aims to improve its operational efficiency through strategic mergers and acquisitions in the upcoming quarters[191]. - The overall financial health of the company remains robust, with a focus on maintaining liquidity and managing debt levels effectively[192].

Financial Performance - The company's operating revenue for Q1 2019 was ¥294,983,649.79, a decrease of 17.66% compared to ¥358,247,496.28 in the same period last year[10] - Net profit attributable to shareholders was ¥21,628,824.76, representing a 39.53% increase from ¥15,500,690.72 year-on-year[10] - The net profit after deducting non-recurring gains and losses was ¥21,422,085.25, up 35.80% from ¥15,774,539.87 in the previous year[10] - Basic earnings per share rose to ¥0.0247, a 39.55% increase from ¥0.0177 in the previous year[10] - Net profit attributable to the parent company increased by 39.53% compared to the same period last year, driven by reduced asset impairment losses and financial expenses, along with improved internal control[18] - Net profit for Q1 2019 reached CNY 22,484,332.35, an increase of 45.0% compared to CNY 15,512,150.45 in Q1 2018[39] Cash Flow - The net cash flow from operating activities improved significantly to -¥30,516,325.72, an 86.13% increase compared to -¥219,954,837.50 in the same period last year[10] - The net cash flow from operating activities increased by 86.13% compared to the same period last year, mainly due to lower project progress payments[18] - The net cash flow from investing activities increased by 86.63% compared to the same period last year, primarily due to reduced fixed asset purchases[18] - The net cash flow from financing activities increased by 234.25% compared to the same period last year, mainly due to a significant increase in borrowings[18] - The net increase in cash and cash equivalents rose by 96.29% compared to the same period last year, primarily due to a substantial reduction in progress payments[18] - Cash flow from operating activities showed a net outflow of -¥30,516,325.72, an improvement from -¥219,954,837.50 in the previous period[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,730,013,176.52, reflecting a 1.68% increase from ¥5,635,306,362.97 at the end of the previous year[10] - Total assets as of March 31, 2019, were CNY 3,752,971,552.43, slightly down from CNY 3,753,937,283.36 at the end of 2018[36] - Total liabilities increased to CNY 1,353,465,199.56 from CNY 1,345,967,782.52, an increase of 0.1%[36] - Total liabilities reached CNY 1,345,967,782.52, with current liabilities at CNY 1,001,425,517.07 and non-current liabilities at CNY 344,542,265.45[59] - Total equity was reported at CNY 2,407,969,500.84, including a capital reserve of CNY 1,807,309,824.49 and an undistributed profit of CNY -291,988,348.90[60] Expenses - Total operating costs for Q1 2019 were CNY 264,157,801.71, down 22.8% from CNY 341,609,129.98 in the previous year[37] - The company incurred financial expenses of ¥9,269,971.02, up from ¥5,948,593.05 in the previous period, primarily due to increased interest expenses[42] - Financial expenses decreased by 101.50% compared to the same period last year, as interest income increased more than interest expenses[18] - The company reported a decrease in sales expenses to ¥3,412,071.31 from ¥4,119,224.11, suggesting improved cost management[42] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,992[14] - Net assets attributable to shareholders increased to ¥2,416,346,643.46, a 0.90% rise from ¥2,394,717,818.70 at the end of the previous year[10] - The weighted average return on equity was 0.90%, up from 0.49% in the same period last year, indicating improved profitability[10] Other Financial Metrics - The ending balance of prepaid expenses increased by 248.30% compared to the beginning of the year, mainly due to higher payments for engineering project labor and material procurement[18] - The ending balance of taxes payable increased by 47.28% compared to the beginning of the year, primarily due to increased income tax and VAT payable resulting from higher profits[18] - The company reported non-recurring gains and losses totaling ¥206,739.51 for the period[11] - The total comprehensive loss for the current period was -¥8,463,147.97, compared to -¥14,766,528.08 in the previous period, showing a significant reduction in overall losses[44] - Cash inflow from operating activities totaled ¥143,576,318.08, up from ¥68,917,766.22, indicating a growth of approximately 108%[51]

Shareholder Changes - The company reported a significant change in its controlling shareholder, with Suzhou Ruichang Investment Management Co., Ltd. acquiring 163,166,132 shares, representing 18.6% of voting rights, on August 8, 2018[19]. - The new controlling shareholder is Suzhou Ruichang Investment Management Co., Ltd., with the actual controller changing to Qian Jianrong after the share transfer completion on August 8, 2018[162]. - The controlling shareholder of the company is Suzhou Ruichang Investment Management Co., Ltd., represented by Qian Jianrong, established on October 27, 2017[174]. - Qian Jianrong is the actual controller of the company and holds multiple positions in various companies, including Chairman of Zhongrui Holdings Group Co., Ltd.[175]. - The actual controller changed to Qian Jianrong on August 8, 2018[176]. Financial Performance - The company's operating revenue for 2018 was CNY 1,247,889,350, a decrease of 32.83% compared to the previous year[20]. - The net profit attributable to shareholders was CNY -789,840,556, representing a decline of 977.04% year-on-year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -792,540,661, a decrease of 1,011.45% compared to the previous year[20]. - The basic earnings per share for 2018 was CNY -0.9, a decrease of 1,000.00% compared to the previous year[21]. - The total assets at the end of 2018 were CNY 5,635,306,360, down 11.56% from the end of 2017[21]. - The net assets attributable to shareholders decreased by 24.80% to CNY 2,394,717,810 at the end of 2018[21]. - The company achieved a main business revenue of ¥606,963,063.77 in 2018, representing a year-on-year decline of 51.00%[56]. - Revenue from anti-counterfeit bottle caps increased by 6.80% to ¥493,965,851.08, accounting for 39.58% of total revenue[62]. - Revenue from landscaping decreased by 51.00% to ¥606,963,063.77, representing 48.64% of total revenue[62]. - The company reported a net cash flow from operating activities of -¥385,434,540.48, an improvement of 26.52% compared to -¥524,563,483.80 in 2017[90]. Business Operations - The company has expanded its business model to include dual main operations in packaging and landscaping since acquiring Chongqing Huayu Landscaping Co., Ltd. in 2014[19]. - The company is focusing on expanding its ecological landscape business and enhancing its solutions for rural revitalization[32]. - The company has established a competitive position in the landscaping industry, particularly in Chongqing, focusing on "ecological restoration and low-carbon landscaping" as its core competency[33]. - The company has developed a comprehensive industrial chain, covering landscaping engineering, planning design, seedling sales, maintenance, and ecological environment management[42]. - The company is actively expanding its operations into economically developed regions such as Central and Eastern China, indicating a positive outlook for future growth[40]. Risk Management - The company emphasizes the importance of risk awareness and encourages investors to pay attention to future development prospects and investment risks[7]. - The company acknowledges the risk of force majeure events, such as adverse weather and natural disasters, which could lead to project delays and increased costs[115]. - The company is exposed to risks related to delayed project settlements and potential bad debts from accounts receivable, which could adversely affect its financial status and operational performance[114]. - The company recognizes the risk of talent shortages in the landscaping industry, which could impact operational performance if skilled personnel cannot be retained[113]. - The company faces risks from fluctuations in raw material prices, which account for over 70% of product costs, potentially impacting profitability[115]. Corporate Governance - The financial report is guaranteed to be true, accurate, and complete by the company's board of directors and management[6]. - The company has a commitment to transparency, with its annual report available on the designated website of the China Securities Regulatory Commission[18]. - The management team consists of experienced industry experts and a pool of young professionals, contributing to the company's sustainable growth[50]. - The company’s board includes independent directors with significant experience in finance and management, enhancing governance[188]. - The leadership team is committed to maintaining high standards of corporate governance and operational efficiency[192]. Research and Development - The company has established a multi-level R&D system in collaboration with universities and research institutions, fostering continuous innovation[47]. - The company has developed a QR code smart bottle cap that enhances consumer food safety and has produced over 62 million units in 2018[57]. - The company has a total of 166 patents in the anti-counterfeit packaging business, including 32 invention patents, 116 utility model patents, and 18 design patents[59]. - The total amount of research and development investment was ¥31,718,650.91, which is 2.54% of the operating revenue[88]. - The company has introduced the world's first 28-cap/38-cap production line in 2018, with a focus on marketing these products in 2019[110]. Market Presence - The company maintains the largest market share in the domestic anti-counterfeiting bottle cap market, serving over 700 clients across various beverage sectors[45]. - The company is actively expanding into non-liquor markets, including beer, wine, and health products, to mitigate volatility in the liquor market[57]. - The company has expanded its international market presence, exporting products to regions including Russia, Southeast Asia, and North America[50]. - The company has established strategic partnerships with financial institutions to improve its debt structure and enhance project financing channels[110]. - The company aims to enhance its collaboration with mainstream domestic liquor manufacturers to increase market share and maintain its leading position in the industry[110]. Environmental and Social Responsibility - The company aims to unify commercial interests with social responsibility while focusing on environmental protection and brand reputation[156]. - The company actively promotes the use of environmentally friendly materials and practices, such as natural gas and recycled water, in its operations[154]. - The company has established an ecological restoration department and obtained a Class A qualification certificate for environmental pollution control in Chongqing, focusing on core technologies and strategic partnerships with research institutions[155]. - The company faced two environmental administrative penalties totaling 110,000 yuan in 2018, with both incidents rectified[159][160]. - The company has no current plans for targeted poverty alleviation initiatives[157][158]. Employee and Management Information - The total number of employees in the company is 1,886, with 757 in the parent company and 1,129 in major subsidiaries[200]. - The total pre-tax remuneration for the board members and senior management during the reporting period is 288.62 million yuan[199]. - The educational background of employees shows 149 with a bachelor's degree or above, 335 with a college diploma, and 1,402 with a high school education or below[200]. - The company has a diverse management team with extensive backgrounds in finance and investment, including professionals from various sectors[185]. - The company’s board and management remuneration is determined based on overall development strategy and annual operational goals[196].

1 山东丽鹏股份有限公司 2018 年第三季度报告正文 证券代码：002374 证券简称：丽鹏股份 公告编号：2018-81 山东丽鹏股份有限公司 SHANDONG LIPENG CO., LTD 2018 年第三季度报告正文 2018 年 10 月 山东丽鹏股份有限公司 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。 公司负责人孙鲲鹏、主管会计工作负责人张国平及会计机构负责人(会计主 管人员)张国平声明：保证季度报告中财务报表的真实、准确、完整。 2 山东丽鹏股份有限公司 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 3 山东丽鹏股份有限公司 2018 年第三季度报告正文 开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常性损益项目界定为经常性损益的项目，应 说明原因 □ 适用 √ 不适用 公司报告期不存在将根 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥708,345,418.05, representing a decrease of 10.89% compared to ¥794,918,284.00 in the same period last year[19]. - The net profit attributable to shareholders of the listed company was ¥38,276,377.19, down 38.12% from ¥61,856,463.62 in the previous year[19]. - The net cash flow from operating activities was -¥343,527,807.75, slightly worse than -¥332,722,685.89 in the same period last year, indicating a decline of 3.25%[19]. - Basic earnings per share decreased by 42.86% to ¥0.04 from ¥0.07 in the previous year[19]. - The company's revenue for the reporting period was ¥708,345,418.05, a decrease of 10.89% compared to ¥794,918,284.00 in the same period last year[58]. - The cost of goods sold was ¥610,203,915.77, down 8.15% from ¥664,352,731.67 year-over-year[58]. - The landscaping segment saw a revenue decline of 24.89%, dropping to ¥390,098,048.69 from ¥519,389,618.04 year-over-year[59]. - Revenue from the anti-counterfeit bottle caps segment increased by 15.31% to ¥241,112,125.36, accounting for 34.04% of total revenue[59]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,278,320,847.76, a decrease of 1.47% from ¥6,371,830,526.34 at the end of the previous year[19]. - The company's asset-liability ratio at the end of the reporting period was 54.92%, indicating a reasonable asset-liability structure[55]. - The company's total liabilities decreased to CNY 2,929,777,112.01 from CNY 3,161,466,241.58, representing a decline of approximately 7.33%[179]. - Owner's equity increased to CNY 3,348,543,735.75 from CNY 3,210,364,284.76, showing an increase of about 4.31%[180]. - The debt-to-asset ratio improved to 46.66% from 49.62%, a reduction of 2.96%[166]. Business Operations - The company has two main businesses: ecological landscaping and anti-counterfeiting packaging[27]. - The ecological landscaping business has maintained rapid growth, with major projects located in Guizhou, Sichuan, and Shaanxi, and has a strong competitive position in the southwestern region of China[28]. - The anti-counterfeiting packaging business holds approximately 30% market share in its industry, with products widely used in various sectors including alcoholic beverages and functional drinks[29]. - The company has established a stable business foundation in the southwestern and eastern regions, with plans to expand into the northwest and central regions of China[35]. - Huayu Landscaping operates as a comprehensive landscaping enterprise, covering engineering construction, landscape planning, seedling sales, maintenance, and ecological environment governance[38]. Research and Development - The company has been actively investing in the research and development of smart bottle caps, integrating anti-counterfeiting features with internet connectivity to meet customer needs[30]. - The company has developed core technologies in ecological restoration and has established strategic partnerships with various research institutions and universities, enhancing its research and development capabilities[39]. - The company has developed a multi-level R&D system in collaboration with research institutions and universities to foster innovation[44]. Market Challenges and Strategies - The company faces risks from delayed project settlements and potential bad debts due to complex approval processes and changes in project management[86]. - The company is experiencing challenges in attracting and retaining talent, which could impact operational efficiency and performance[87]. - The company is facing financing difficulties due to tightening financial conditions and a sluggish stock market, affecting its ability to raise capital[88]. - The company plans to adjust its product structure and expand into domestic and international markets to mitigate risks from macroeconomic changes[90]. - The company has implemented "lean management" initiatives to reduce costs and improve efficiency in response to rising labor costs and raw material prices[53]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares for this period[8]. - The company has a new controlling shareholder, Suzhou Ruichang Investment Management Co., Ltd., as of August 8, 2018[137]. - The company completed the transfer of 96,517,021 shares, representing 11% of the total issued shares, to Suzhou Ruichang Investment Management Co., Ltd. on June 26, 2018[126]. - The total number of ordinary shareholders at the end of the reporting period was 34,842[134]. Financial Management - The company has established a dedicated repayment task force to ensure timely payment of interest and principal to bondholders[156]. - The company has committed to enhancing asset-liability management and liquidity management to secure funds for interest and principal payments[153]. - The company expects to improve its operating income and net profit, which will support the repayment of the bond's principal and interest[154]. - The company has established a bond trustee management system and appointed the lead underwriter as the bond trustee, ensuring supervision of the company's obligations to bondholders[160].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year, representing a growth of 15% compared to the previous year[1]. - The company's operating revenue for 2017 was ¥1,857,817,488.80, representing a 6.23% increase compared to ¥1,748,926,892.58 in 2016[18]. - The net profit attributable to shareholders for 2017 was ¥90,057,762.24, a decrease of 42.12% from ¥155,591,912.53 in 2016[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥86,954,066.20, down 42.53% from ¥151,292,314.08 in 2016[18]. - The basic earnings per share for 2017 was ¥0.1, a 50.00% decrease from ¥0.20 in 2016[18]. - The weighted average return on equity for 2017 was 2.86%, down 3.65% from 6.51% in 2016[18]. - The net cash flow from operating activities for 2017 was -¥524,567,952.68, a slight increase in loss of 0.16% compared to -¥523,707,287.76 in 2016[18]. - The company reported a significant decrease in net cash increase of 118.93%, totaling -¥117,373,607.96, primarily due to previous fundraising activities[93]. - The total amount of cash and cash equivalents at the end of 2017 was ¥716,907,913.59, down 4.85% from the previous year[98]. - The company’s inventory at the end of 2017 was ¥1,327,531,064, representing 20.83% of total assets, an increase of 0.70% year-on-year[98]. Market Expansion and Strategy - The company has set a future revenue target of 1.5 billion RMB for the next fiscal year, indicating an expected growth rate of 25%[1]. - The company plans to expand its market presence by entering two new provinces in China, aiming for a 30% increase in regional sales[1]. - A strategic acquisition of a local packaging firm is in progress, which is projected to enhance production capacity by 40%[1]. - The company is actively expanding its business in the ecological landscape and anti-counterfeiting packaging sectors, responding to national policies promoting PPP models[30]. - The company aims to enhance its solutions for ecological environment governance and rural revitalization, contributing to the development of a "big ecology, big environmental protection" initiative[30]. - The company is focusing on ecological restoration and low-carbon landscaping as part of its core competitiveness, aligning with national policies and the "13th Five-Year Plan" for ecological civilization[31]. - The company aims to provide one-stop packaging services globally, positioning itself as a well-known full-industry chain service provider[64]. Product Development and Innovation - New product development includes the launch of a composite anti-counterfeit bottle cap, which is expected to capture a 10% market share within the first year of release[1]. - The company has been actively developing smart bottle caps since 2015, with numerous projects involving major brands like Niulanshan and Jiangxiaobai being implemented[37]. - The company has introduced 19 advanced production lines from international suppliers, enhancing its printing quality to match or exceed that of foreign competitors[48]. - The company has developed a strategy to establish production facilities near major clients, facilitating closer service and market penetration[52]. - The company is committed to advancing its QR code strategy to enhance consumer engagement and increase the added value of its bottle caps[116]. Operational Efficiency and Cost Management - The company has invested 50 million RMB in technology upgrades to improve operational efficiency, targeting a 15% reduction in production costs[1]. - The company reported a 5% increase in gross margin, reaching 35% due to improved operational efficiencies[197]. - The company has reported a significant increase in hard material costs, rising by 163.04% year-on-year to approximately ¥303.09 million, which constituted 28.85% of total operating costs[81]. - Labor and subcontracting costs accounted for 48.06% of total operating costs, amounting to approximately ¥505.02 million, reflecting a 9.57% increase compared to the previous year[81]. Risk Management - The management highlighted potential risks including market competition and regulatory changes, with strategies in place to mitigate these risks[1]. - The company faces risks related to the PPP model, including financing costs and project implementation uncertainties, which may affect project progress[118]. - The company is exposed to market competition risks due to increasing competition in the ecological landscape construction industry, necessitating enhanced R&D and project acquisition strategies[119]. - The company is addressing risks related to delayed project settlements and accounts receivable, which could impact its financial status and operational efficiency[121]. - The company is taking measures to mitigate risks from raw material price fluctuations, which constitute over 70% of product costs, by negotiating price agreements with suppliers[122]. Corporate Governance and Financial Management - The board of directors emphasized the importance of maintaining transparency and accuracy in financial reporting to build investor confidence[1]. - The company will not distribute cash dividends this year, opting to reinvest profits into R&D and market expansion initiatives[1]. - The company did not distribute any cash dividends or increase capital from reserves, with retained earnings carried forward to the next year[129]. - The company aims to maintain healthy development and liquidity, which influenced the decision not to distribute dividends in 2017[130]. - The company is committed to fulfilling its profit distribution system and sharing development results with investors[130]. Environmental and Social Responsibility - The company aims to unify commercial interests with social responsibility while actively engaging in environmental protection initiatives[166]. - The company invested approximately 400 million in the reporting period for ecological restoration and job creation[169]. - The company has established a research and development center in collaboration with Southwest University, focusing on ecological restoration and environmental protection technologies[165]. - The company has completed various infrastructure projects, including road hardening and the construction of rural hospitals and schools, as part of its poverty alleviation efforts[167].

山东丽鹏股份有限公司 2018 年第一季度报告全文 证券代码：002374 证券简称：丽鹏股份 山东丽鹏股份有限公司 SHANDONG LIPENG CO., LTD 山东丽鹏股份有限公司 2018 年第一季度报告全文 第二节 公司基本情况 2018 年第一季度报告 2018 年 04 月 1 山东丽鹏股份有限公司 2018 年第一季度报告全文 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。 公司负责人孙鲲鹏、主管会计工作负责人张国平及会计机构负责人(会计主 管人员)张国平声明：保证季度报告中财务报表的真实、准确、完整。 2 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） | 358,247,496.28 | 276,743,912.65 | 29. ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the year, representing a growth of 15% compared to the previous year[1]. - The company's operating revenue for 2017 was ¥1,857,817,488.80, representing a 6.23% increase compared to ¥1,748,926,892.58 in 2016[18]. - The net profit attributable to shareholders decreased by 42.12% to ¥90,057,762.24 in 2017 from ¥155,591,912.53 in 2016[18]. - The company reported a significant loss in the fourth quarter with a net profit of -¥20,642,813.76, contrasting with profits in the earlier quarters[23]. - The company reported a net profit of CNY 125,773,570 for its subsidiary, Chongqing Huayu Landscaping, contributing significantly to its overall performance[110]. - The company reported a significant increase in hard material costs, which rose by 163.04% year-on-year, amounting to approximately ¥303.09 million, representing 28.85% of total operating costs[81]. - The company has produced approximately 2.42 billion anti-counterfeit bottle caps during the reporting period, generating revenue of 462.51 million yuan, a year-on-year decrease of 1.97%[65]. - The company reported a decrease in green seedling costs by 50.59% year-on-year, amounting to approximately ¥153.44 million, which is 14.60% of the total operating costs[81]. Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces in the next fiscal year, aiming for a 5% increase in market share[1]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of the fiscal year[200]. - The company aims to enhance its solutions for ecological environment governance and rural construction, contributing to the "Beautiful China" initiative[30]. - The company is actively pursuing market expansion by establishing production facilities near major clients, enhancing its service delivery and market reach[52]. - The company aims to provide one-stop packaging services and become a globally recognized full-industry chain service provider[64]. - The company is transitioning from a single garden engineering firm to a comprehensive ecological company, focusing on quality and project effectiveness[59]. Research and Development - The company has allocated 50 million RMB for research and development in new technologies aimed at improving production efficiency[1]. - Research and development investment amounted to ¥51,512,768.50, representing 2.77% of operating revenue, a decrease of 1.02% compared to the previous year[90]. - The company has invested 50 million RMB in technology upgrades to improve production efficiency, aiming for a 15% reduction in operational costs[200]. - The company holds a total of 165 patents, including 31 invention patents, 115 utility model patents, and 19 design patents[65]. Product Development - New product development includes the launch of a composite anti-counterfeit bottle cap, which is expected to enhance market competitiveness[1]. - The company has expanded its product offerings to include smart bottle caps, responding to market demands and enhancing product competitiveness[37]. - The introduction of QR code intelligent bottle caps aims to enhance food safety and prevent counterfeiting, addressing significant consumer pain points[63]. - New product development includes the launch of a sustainable packaging line, expected to contribute an additional 200 million RMB in revenue[200]. Corporate Governance and Accountability - The board of directors has confirmed that all members attended the meeting to discuss the annual report, ensuring transparency and accountability[1]. - The company has established a procurement management system to optimize the procurement process, combining bulk material procurement and local sourcing[32]. - The company has received multiple certifications, including ISO9001:2000 and ISO14001:2004, enhancing its international competitiveness[55]. Risks and Challenges - The company has identified potential risks in the market, including regulatory changes, and has developed strategies to mitigate these risks[1]. - The company faces risks related to the PPP model, including financing costs and project implementation uncertainties, which may affect operational efficiency[116]. - Talent shortages in the landscaping industry may hinder the company's growth, as experienced professionals are in high demand[118]. - Raw material price fluctuations, particularly for aluminum, which constitutes over 70% of product costs, could significantly impact profitability[120]. Shareholder Returns - No cash dividends will be distributed this year, as the company focuses on reinvestment for growth[1]. - For 2017, the company plans not to distribute any cash dividends or increase capital reserves, with retained earnings carried forward to the next year[128]. - The company emphasizes that retained earnings will be used for operations and development, maintaining a focus on cash dividends for investors in the future[129]. - The board of directors has approved a dividend payout of 0.5 RMB per share, reflecting a commitment to returning value to shareholders[200]. Environmental and Social Responsibility - The company aims to integrate commercial interests with social responsibility, promoting a well-known brand that is trusted by society[164]. - The company has actively participated in poverty alleviation efforts, contributing to the construction of beautiful rural areas and improving local living conditions[165]. - The company is committed to increasing R&D investment and talent acquisition to ensure alignment of technical and human resources[59]. Financial Management - The company has implemented a financial network platform and ERP system to improve management efficiency and data integration[58]. - The company has established a receivables collection team to enhance cash flow and reduce bad debts[120]. - The company reported a net cash flow from operating activities of -¥524,567,952.68, showing a slight decrease of 0.16% compared to the previous year[92].

Financial Performance - Operating revenue for the reporting period reached ¥491,661,092.02, representing a 21.43% increase year-on-year[8] - Net profit attributable to shareholders increased by 39.32% to ¥48,844,112.38 for the reporting period[8] - The company reported a net profit of ¥110,700,576.00 for the year-to-date, reflecting a 20.99% increase compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥48,288,568.81, up 48.19% year-on-year[8] - Basic earnings per share rose by 20.00% to ¥0.06 for the reporting period[8] - The estimated net profit attributable to shareholders for 2017 is expected to be between 17,000 and 20,000 million yuan, representing a growth of 9.26% to 28.54% compared to the previous year[20] Asset and Shareholder Information - Total assets increased by 10.28% to ¥5,823,371,092.65 compared to the end of the previous year[8] - The total number of shareholders at the end of the reporting period was 36,375[12] - The top shareholder, Sun Shiyao, holds 13.34% of the shares, amounting to 117,040,000 shares[12] Cash Flow and Receivables - The net cash flow from operating activities was negative at -¥219,238,568.07, a decrease of 58.83% compared to the same period last year[8] - Cash and cash equivalents decreased by 42.97% compared to the beginning of the year, primarily due to significant payments for fundraising project special funds and performance guarantees[16] - Accounts receivable increased by 43.47% compared to the beginning of the year, mainly due to a higher volume of payments received via bank acceptance bills[16] - Prepayments increased by 65.47% compared to the beginning of the year, primarily due to increased advance payments for material procurement[16] - Other receivables increased by 43.27% compared to the beginning of the year, mainly due to higher payments for bidding and performance guarantees[16] - Operating cash flow net amount decreased by 52.42% compared to the same period last year, primarily due to increased progress payments and guarantees in the landscaping business[18] - Investment cash flow net amount decreased by 105.08% compared to the same period last year, mainly due to significant investments in new factory construction and equipment purchases[18] - The net increase in cash and cash equivalents decreased by 417.10% compared to the same period last year, primarily due to last year's non-public fundraising and increased payments for landscaping business progress and guarantees[18] Tax and Financial Expenses - The decrease in tax and additional fees was 57.12% compared to the same period last year, mainly due to the comprehensive VAT reform eliminating business tax for landscaping operations[17] - Financial expenses decreased by 451.50% compared to the same period last year, primarily due to increased interest income from long-term receivables in the landscaping business[17] Return on Assets - The weighted average return on net assets was 1.54%, a decrease of 0.01% compared to the previous year[8]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥794,918,284, representing a 5.15% increase compared to ¥755,952,472.83 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥61,856,463.62, up 9.60% from ¥56,436,647.94 in the previous year[18]. - The net cash flow from operating activities was -¥332,722,685.89, a decrease of 48.47% compared to -¥224,101,179.14 in the same period last year[18]. - The total assets at the end of the reporting period were ¥5,443,104,954.23, an increase of 3.08% from ¥5,280,442,299.38 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were ¥3,156,357,607.36, reflecting a 1.14% increase from ¥3,120,823,967.78 at the end of the previous year[18]. - The basic earnings per share remained unchanged at ¥0.07, with diluted earnings per share also at ¥0.07[18]. - The weighted average return on net assets decreased to 1.97% from 2.56% in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥55,605,623.70, a decrease of 2.18% from ¥56,847,733.83 in the same period last year[18]. - The company reported a loss of ¥252,654.96 from the disposal of non-current assets during the reporting period[22]. Business Segments - The company operates two main businesses: ecological landscaping and packaging, focusing on ecological restoration and food safety[26]. - The ecological landscaping segment emphasizes the importance of ecological civilization, aligning with national policies and promoting green development[26]. - The packaging segment has introduced anti-counterfeiting technology for various beverages, significantly improving sales performance for clients like Jiangxiaobai and Beijing Erguotou[29]. - The company is actively pursuing PPP (Public-Private-Partnership) and EPC models to foster strategic collaborations with local governments and financial institutions[28]. - The company has participated in several large-scale landscaping projects, demonstrating its capability in handling high-profile contracts[33]. Competitive Position - The company has obtained multiple qualifications in the landscaping industry, including Class I for urban landscaping engineering and Class A for environmental pollution control, enhancing its competitive edge[27]. - The company has established a strong brand reputation in the ecological landscaping sector, recognized with multiple awards for quality and reliability[32]. - The company is committed to enhancing its core competitiveness through resource optimization across its two main business segments[29]. - Huayu Garden has developed into a comprehensive landscaping enterprise covering engineering construction, landscape design, seedling sales, and maintenance services[34]. - Huayu Garden has a competitive advantage in large and medium-sized project construction, successfully implementing multiple large-scale projects in the domestic landscaping market[35]. Research and Development - The company is focusing on research and development in ecological restoration and low-carbon landscaping to seize market opportunities[28]. - The company has established strategic partnerships with several research institutions and universities, enhancing its research and development capabilities[34]. - Research and development expenses increased by 23.13% to CNY 6,403,004.68, indicating a strong commitment to innovation[54]. - The company developed several new technologies, including a high-speed automatic coding platform that increases production efficiency by nearly 20 times[51]. Market Presence - The company is recognized as the largest producer of aluminum composite anti-counterfeiting printing and bottle caps in China, receiving multiple industry accolades[36]. - The company has maintained the top market share in domestic anti-counterfeiting bottle caps, with products sold in 28 provinces and regions across China and exported to various international markets[37]. - The company holds approximately 30% market share in the aluminum composite anti-counterfeiting printing industry, being the largest in the domestic sector[41]. - The company has established a strong customer base, supplying to over 700 major liquor brands across 28 provinces in China[42]. - In the first half of 2017, the company secured new project contracts worth approximately 3.51 billion CNY in the landscaping sector, with a revenue increase of 6.67% in ecological business[48]. Financial Management - The company has established a comprehensive information management system since 2000, improving internal communication and management efficiency[44]. - The company has achieved various certifications, including ISO9001:2008 and ISO14001:2004, enhancing its competitiveness in international markets[45]. - The company has not reported any significant changes in major assets during the reporting period[30]. - The company has not engaged in any significant equity or non-equity investments during the reporting period[63][64]. - The company has maintained compliance with its fund management regulations regarding the use of raised funds[67]. Shareholder Information - The number of shareholders at the end of the reporting period was 43,040, indicating a stable shareholder base[116]. - The largest shareholder, Sun Shiyao, holds 13.34% of the shares, with a total of 95,040,000 shares, and has pledged 101,000,000 shares[116]. - The second-largest shareholder, Tang Yu, holds 12.30% of the shares, with a total of 87,270,000 shares pledged[116]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[119]. Risks and Challenges - The company faces risks related to accounts receivable due to the nature of the landscaping industry, where clients are primarily local governments[81]. - The company anticipates challenges from macroeconomic conditions affecting the landscaping sector, with a focus on adapting its strategies accordingly[82]. - The company plans to strengthen its accounts receivable collection efforts to reduce bad debts[83]. - The company will continue to monitor raw material price fluctuations, which constitute over 70% of product costs, and implement measures to mitigate risks associated with these changes[82][83]. Compliance and Governance - The semi-annual financial report was not audited[89]. - There were no major litigation or arbitration matters during the reporting period[92]. - The company did not have any penalties or rectification situations during the reporting period[93]. - There were no significant related party transactions during the reporting period[95]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased from ¥850,404,033.64 at the beginning of the period to ¥539,387,128.74 at the end, representing a decline of approximately 36.5%[132]. - Total cash inflow from operating activities amounted to 726,037,125.29 CNY, while cash outflow was 1,058,759,811.18 CNY, resulting in a significant cash outflow[149]. - The ending balance of cash and cash equivalents was 507,464,982.74 CNY, down from 758,323,050.42 CNY at the beginning of the period[150].