苏州东山精密制造股份有限公司 2018 年第一季度报告正文 证券代码：002384 证券简称：东山精密 公告编号：2018-063 苏州东山精密制造股份有限公司 2018 年第一季度报告正文 2018 年 4 月 27 日 1 苏州东山精密制造股份有限公司 2018 年第一季度报告正文 公司负责人袁永刚、主管会计工作负责人王旭及会计机构负责人(会计主管 人员)朱德广声明：保证季度报告中财务报表的真实、准确、完整。 2 苏州东山精密制造股份有限公司 2018 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 3,552,485,281.84 | 2,835,896,023.97 | 25.27% | | 归属于上市公司股东的净利润（元） | 151,431,732.25 | 21,463,177.96 | 605.54% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 101,9 ...

苏州东山精密制造股份有限公司 2017 年年度报告全文 苏州东山精密制造股份有限公司 2017 年年度报告 2018 年 04 月 1 苏州东山精密制造股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人袁永刚、主管会计工作负责人王旭及会计机构负责人(会计主管 人员)朱德广声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告所涉及的对公司未来计划等前瞻性陈述，不构成公司对任何投资者 及相关人士的实质性承诺，能否实现取决于市场的变化及公司经营团队的努力 程度等多种因素，存在重大不确定性，敬请广大投资者注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 1,071,048,318 为基数， 向全体股东每 10 股派发现金红利 0.50 元（含税），送红股 0 股（含税），以资本 公积金向全体股东每 10 股转增 5 股。 2 | 目录 | | --- | | 第一节 | 重要提示 ...

Financial Performance - Total assets increased by 28.52% to CNY 19.46 billion compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 181.32% to CNY 7.69 billion compared to the end of the previous year[7] - Operating revenue for the period reached CNY 4.31 billion, a 57.98% increase year-on-year[7] - Net profit attributable to shareholders surged by 6,304.64% to CNY 251.28 million compared to the same period last year[7] - Basic earnings per share rose by 6,304.64% to CNY 0.23 per share[7] - Cash flow from operating activities increased by 163.63% to CNY 82.01 million year-to-date[7] - Operating revenue increased by 102.33% year-on-year, primarily due to expanded production capacity and increased sales, excluding the consolidation of MFLEX[16] - Operating costs rose by 100.76% year-on-year, corresponding to the increase in sales, excluding the consolidation of MFLEX[16] - Cash flow from operating activities increased by 163.63% year-on-year, mainly due to increased sales collections[16] - The net profit attributable to shareholders for 2017 is expected to increase by 336.00% to 386.00%, amounting to between 628.76 million and 700.86 million CNY[22] - The net profit for 2016 was 144.21 million CNY, indicating a significant growth forecast for 2017[22] Shareholder Information - The company had a total of 12,114 shareholders at the end of the reporting period[11] - Major shareholder Yuan Yonggang holds 18.41% of shares, with 155.10 million shares pledged[11] Asset and Investment Changes - Accounts receivable increased by 40.55% compared to the beginning of the period, driven by higher sales[16] - Inventory increased by 64.52% compared to the beginning of the period, reflecting expanded production scale and increased customer orders[16] - Long-term equity investments increased by 55.41% compared to the beginning of the period, attributed to increased external investments[16] - The company’s capital reserve increased by 256.16% compared to the beginning of the period, due to the premium generated from new shares issued[16] - Other current assets increased by 627.32% compared to the beginning of the period, mainly due to the increase in unrealized gains from financing leases[16] - The company’s long-term borrowings decreased by 73.43% compared to the beginning of the period, as a result of repaying acquisition loans[16] Financial Commitments and Governance - The company reported a commitment that shareholders will not transfer more than 15% of their total shares during their tenure[17] - Shareholders have committed to not engage in any business activities that compete directly or indirectly with the company's actual business[18] - The company has implemented measures to ensure that management does not transfer shares within six months after leaving their positions[18] - The company has promised to take measures to fill the immediate return gap if a private placement of shares occurs[19] - The management has committed to not use company assets for personal investments unrelated to their duties[19] - The company has established a compensation system linked to the execution of return measures[19] - Shareholders have committed to not harm the company's interests by transferring benefits to other entities or individuals[18] - The company has a binding commitment from its shareholders to adhere to the outlined promises[18] - The company will ensure that any future stock incentive plans are aligned with the execution of return measures[19] - The management has agreed to bear compensation responsibilities for any losses caused by violations of their commitments[19] Financial Outlook and Synergies - The synergy effects from the acquisition of MFLX are expected to enhance business growth significantly due to new capacity release and deeper customer collaboration[22] - Financial expenses are projected to decrease as the company replaces acquisition loans with funds raised from a private placement[22] Compliance and Conduct - The company reported no violations regarding external guarantees during the reporting period[24] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[25] - The company has not engaged in any research, communication, or interview activities during the reporting period[26]

Dividend Distribution - The company plans to distribute a cash dividend of 0.1 yuan per 10 shares based on a total of 1,071,048,318 shares, with no stock bonus[4]. - The board of directors has approved the profit distribution plan, reflecting the company's commitment to shareholder returns[4]. - The cash dividend distribution plan proposes a cash dividend of 0.1 yuan per 10 shares, totaling approximately 10.71 million yuan, which constitutes 100% of the profit distribution[69]. Financial Performance - The company's operating revenue for the reporting period reached ¥6,120,632,086.95, representing a 152.23% increase compared to the same period last year[16]. - The net profit attributable to shareholders decreased by 21.09% to ¥119,330,603.65, while the net profit after deducting non-recurring gains and losses fell by 5.73% to ¥89,169,295.88[16]. - The company's total assets increased by 33.03% to ¥20,139,750,745.03, and the net assets attributable to shareholders surged by 170.03% to ¥7,378,419,483.82[16]. - The company's total revenue for the period was 4,923,770,607.84 yuan, representing a year-on-year increase of 309.28%[38]. - The company reported a significant increase in net profit contribution from its major subsidiary, MFLX, with a net profit of 895.86 million yuan, accounting for 22.38% of the total net profit[61]. Cash Flow and Financing - The net cash flow from operating activities was negative at -¥439,383,916.23, a significant decline of 4,820.28% compared to the previous year[16]. - The company’s cash flow from financing activities increased by 2,066.11% to CNY 3.71 billion, mainly due to a private placement raising CNY 4.499 billion[35]. - Cash and cash equivalents at the end of the reporting period were 3,736,981,105 yuan, up from 1,034,786,060 yuan, primarily due to a directed issuance of shares raising 4.499 billion yuan[41]. - The company’s total cash inflow from financing activities amounted to CNY 8,220,818,636.00, up from CNY 1,469,414,196.81 in the previous period[141]. Investments and Projects - The company is actively expanding its precision electronic manufacturing business and enhancing its core competitiveness through investments and mergers[26]. - The company completed a non-public offering of 223,658,048 shares, increasing the total share capital to 1,071,048,318 shares[15]. - The LED device production project has an investment commitment of RMB 45,820.3 million, with 82.56% of the investment completed[54]. - The company signed a project investment framework agreement to invest approximately RMB 3 billion in the Yancheng High-tech Industrial Development Zone, covering an area of about 500 acres[98]. Subsidiaries and Market Presence - The company operates multiple wholly-owned subsidiaries, enhancing its market presence and operational capabilities[8]. - The company has a diverse portfolio of subsidiaries involved in various sectors, including electronics and precision manufacturing[8]. - The company has established new subsidiaries, including Yancheng Weixin Electronics Co., Ltd. and Suzhou Weist Dongshan Electronics Technology Co., Ltd., with no immediate impact on overall operations reported[62]. Risk Management - The company faces risks related to cost fluctuations, particularly in raw materials and labor, and plans to implement refined management practices to mitigate these risks[64]. - The company has identified foreign exchange risk due to its reliance on USD for export revenues, which could impact competitiveness if the RMB appreciates significantly[64]. Compliance and Governance - The company emphasizes the importance of accurate and complete financial reporting, with key personnel affirming the report's integrity[3]. - The report highlights the company's legal compliance and governance structure, ensuring accountability and transparency[3]. - The company has committed to maintaining the integrity of its financial practices and ensuring that any compensation policies are linked to the company's performance recovery[73]. Shareholder Commitments - The company has committed to not transferring more than 20% of its total shares during its tenure as a director or senior management[71]. - Shareholders have pledged not to engage in any business activities that compete directly or indirectly with the company's operations[72]. - The commitments made by the shareholders are binding and have been adhered to as of the date of the announcement[72]. Financial Reporting and Accounting - The company adheres to the accounting standards for enterprises, ensuring that its financial statements accurately reflect its financial position, operating results, and cash flows[158]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[156]. - The company applies the equity method for joint ventures, recognizing its share of assets, liabilities, and income from joint operations[167].

Financial Performance - The company's operating revenue for Q1 2017 was ¥2,835,896,023.97, representing a 185.01% increase compared to ¥995,003,100.90 in the same period last year[9] - Net profit attributable to shareholders was ¥21,463,177.96, up 17.25% from ¥18,305,799.12 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥23,691,502.75, a significant increase of 62.20% from ¥14,606,722.06 in the previous year[9] - Basic earnings per share increased by 50.00% to ¥0.03 from ¥0.02 year-on-year[9] - The weighted average return on net assets was 0.78%, up from 0.68% in the previous year[9] Cash Flow - The net cash flow from operating activities improved to -¥19,046,142.11, a 55.86% improvement from -¥43,145,218.62 in the same period last year[9] - Net cash flow from operating activities grew by 55.86% year-on-year, driven by increased sales collections[17] - Net cash flow from investing activities increased by 395.84% year-on-year, attributed to higher fixed asset investments[17] - Net cash flow from financing activities skyrocketed by 2187.59% year-on-year, reflecting increased funding needs due to production expansion and fixed asset investments[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥15,799,924,888.12, reflecting a 4.37% increase from ¥15,138,812,395.85 at the end of the previous year[9] - Net assets attributable to shareholders rose to ¥2,775,590,806.32, a 1.58% increase from ¥2,732,483,329.17 at the end of the previous year[9] - Accounts receivable grew by 30% compared to the beginning of the period, driven by increased sales[17] - Prepaid accounts increased by 35.29% compared to the beginning of the period, mainly due to higher prepayments for equipment and engineering[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,338[13] - The company completed the re-election of the board of directors and supervisory board, along with the reappointment of senior management[17] Future Outlook - The net profit attributable to shareholders for the first half of 2017 is expected to range from 12,098.45 million to 15,123.06 million, reflecting a decrease of 20.00% to 0.00% compared to the same period in 2016[22] - The company is actively preparing supporting production capacity to facilitate business growth in the second half of the year due to seasonal sales factors of key products[22] Regulatory and Compliance - The company received approval from the China Securities Regulatory Commission for a non-public stock issuance on April 21, 2017[17] - The company has no violations regarding external guarantees during the reporting period[24] - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[25] - The company is committed to fulfilling its obligations regarding the non-public issuance of shares and related compensation measures[21] - The company is focused on maintaining compliance with commitments made to minority shareholders regarding financing costs and interest rates[21] Investment and Financing - The company incurred debt financing interest related to the acquisition of MFLX shares, which is expected to continue until the completion of the non-public issuance[22] - The company’s major shareholders have provided funding support for the acquisition of 100% of MFLX shares[21] - The fair value of financial derivative assets decreased by 9,246,501.39, with an initial investment of 691,765,000[23]

Financial Performance - The company's operating revenue for 2016 was ¥8,403,297,216.84, representing a 110.46% increase compared to ¥3,992,874,009.53 in 2015[17]. - The net profit attributable to shareholders for 2016 was ¥144,210,721.03, a significant increase of 354.73% from ¥31,713,817.26 in 2015[17]. - The net cash flow from operating activities for 2016 was ¥75,040,974.57, a turnaround from a negative cash flow of ¥142,473,199.64 in 2015, marking a 152.67% improvement[17]. - The total assets at the end of 2016 reached ¥15,138,812,395.85, reflecting a 119.01% increase from ¥6,912,434,085.28 at the end of 2015[18]. - The basic earnings per share for 2016 was ¥0.17, up 325.00% from ¥0.04 in 2015[17]. - The company reported a weighted average return on equity of 5.32% for 2016, an increase from 1.39% in 2015[17]. - The company’s net profit attributable to shareholders in Q2 2016 was ¥132,924,778.51, while it reported a net loss of ¥4,049,800.16 in Q3 2016[21]. - Non-recurring gains and losses for 2016 totaled ¥99,776,398.37, compared to ¥23,674,241.32 in 2015[22]. - In 2016, the company achieved a revenue of 8.403 billion yuan and a net profit of 144 million yuan[37]. - The company reported a total revenue of 4,071 million yuan for the year 2016, with a net profit of 948.9 million yuan, representing a 0% change year-over-year[63]. Strategic Acquisitions - The company completed the acquisition of 100% equity in MFLX, enhancing its product line with flexible circuit board (FPC) products in the precision electronic manufacturing sector[26]. - The acquisition of MFLX was completed on July 27, 2016, for a total cost of 4,071,852,948.91 RMB, making it a wholly-owned subsidiary[73]. - The total revenue from MFLX for the period from acquisition to year-end was 1,996,420,041.17 RMB[73]. - The acquisition of 100% equity in MFLX has added new members to the company's consumer electronics product line, with a focus on developing precision electronic manufacturing applications in various product fields[83]. - The total transaction amount for the acquisition of 100% equity of MFLX was $611 million, which was initially financed through debt and self-raised funds[93]. Market Expansion and Product Development - The company has expanded its customer base to include high-end clients across Asia, Europe, and America, which helps maintain a good revenue level[32]. - The company aims to enhance its product offerings in the automotive sector, focusing on structural components and flexible printed circuits (FPC) to capitalize on the growing demand for electric vehicles[81]. - The company plans to optimize its "one-stop" service system and expand its precision metal and electronic manufacturing businesses to meet diverse customer needs[82]. - The company is focused on expanding its market presence and enhancing its core competitiveness through strategic acquisitions and partnerships[37]. - The company is investing 200 million CNY in R&D for new technologies in flexible circuit boards over the next two years[169]. Financial Management and Investments - The company raised a total of 1,174.98 million yuan through a private placement, with a net amount of 1,153.78 million yuan after deducting fees, and has utilized 419.85 million yuan of the raised funds by the end of 2016[66]. - The company has a remaining balance of 329.32 million yuan in raised funds, including 39.32 million yuan in special accounts[66]. - The company reported a cash recovery of 5,431 million from Agricultural Bank on November 9, 2016, with a return rate of 0.93%[129]. - The total amount of entrusted financial management funds reached CNY 144,553 million, with a total return of CNY 1,029.1 million[129]. - The company has plans for future entrusted financial management, indicating ongoing investment strategies[129]. Operational Efficiency and R&D - The company has developed a comprehensive R&D system, covering various technologies in precision metal and electronic manufacturing[33]. - Research and development investment increased by 31.23% to ¥170,700,348.61, while the proportion of R&D investment to operating income decreased to 2.03%[54]. - The number of R&D personnel rose by 19% to 1,459, increasing the R&D personnel ratio to 13.44%[54]. - The company emphasizes talent development and provides a robust training support system for employees[175]. - The company is focused on enhancing its technical development and talent management, focusing on key technologies and processes in communication and consumer electronics[84]. Corporate Governance and Compliance - The company emphasizes the importance of effective management as it expands its operations and workforce, which presents challenges to its management capabilities[86]. - The governance structure complies with relevant regulations, ensuring independent operation from the controlling shareholder[178]. - The company holds regular shareholder meetings, ensuring equal rights for all shareholders, particularly minority shareholders[178]. - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with legal regulations[181]. - The company maintains complete independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring autonomous operational capabilities[183]. Risks and Challenges - The company faces risks from market fluctuations in downstream industries, particularly in communication and consumer electronics, which could adversely affect operations[86]. - The goodwill from the acquisition of MFLX amounts to 177,075.29 million yuan, representing 91.98% of the total goodwill, which poses a risk of impairment if future earnings do not meet expectations[87]. - The company is exposed to foreign exchange risks due to its increasing overseas sales and reliance on multiple currencies[86]. - The company has not reported any significant changes in the feasibility of its investment projects[70]. - The company has not experienced any non-operating fund occupation by controlling shareholders during the reporting period[100]. Future Outlook - The global smartphone market is projected to rebound in 2017, with 54% of surveyed consumers indicating plans to purchase a new smartphone, up from 48% the previous year[79]. - The company provided a revenue guidance of 1.8 billion CNY for the next fiscal year, which reflects an expected growth of 20%[169]. - Market expansion plans include entering three new international markets by the end of 2017, targeting a 15% increase in market share[169]. - The management team emphasized a commitment to sustainability, aiming for a 30% reduction in carbon emissions by 2020[169]. - The company aims to reduce operational costs by 5% through improved supply chain management strategies[169].

Financial Performance - Total assets increased by 110.93% to CNY 14.58 billion compared to the end of the previous year[9] - Operating revenue for the period reached CNY 2.73 billion, a 258.46% increase year-on-year[9] - Net profit attributable to shareholders was a loss of CNY 4.05 million, a decrease of 246.42% compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 15.18 million, a decrease of 1,219.16% year-on-year[9] - Basic earnings per share were CNY -0.0048, a decrease of 245.45% compared to the same period last year[9] - The weighted average return on net assets was -0.14%, a decrease of 0.24% compared to the previous year[9] - The company reported a net cash flow from operating activities of CNY -128.90 million, a decrease of 21.61% year-to-date[9] Shareholder Information - The total number of shareholders at the end of the reporting period was 21,366[13] - Major shareholders include Yuan Yonggang and Yuan Yongfeng, each holding 23.26% of shares[13] - The company did not engage in any repurchase transactions during the reporting period[14] Asset and Revenue Changes - Cash and cash equivalents increased by 166.00% compared to the beginning of the period, mainly due to increased borrowings and retained cash[18] - Accounts receivable increased by 83.16% compared to the beginning of the period, driven by increased sales excluding the consolidation of MFLX[18] - Revenue increased by 98.80% year-on-year, primarily due to expanded production capacity and increased sales excluding MFLX consolidation[18] - Operating costs increased by 104.95% year-on-year, corresponding to the increase in sales excluding MFLX consolidation[18] - Long-term receivables increased by 261.10% compared to the beginning of the period, mainly due to increased financing lease deposits[18] - The company reported a 2188.62% increase in investment income year-on-year, attributed to the revaluation of remaining equity after losing control of Tengran Electric[18] - The company’s short-term borrowings increased by 130.26% compared to the beginning of the period, primarily due to funds raised for the acquisition of MFLX[18] - The company’s income tax expense increased by 2435.61% year-on-year, reflecting higher profits leading to increased tax liabilities[18] Future Outlook - The net profit attributable to shareholders for 2016 is expected to increase by 350.00% to 400.00%, amounting to between 142.695 million and 158.55 million CNY, compared to 31.71 million CNY in 2015[28] - The company anticipates stable growth in its communication business and an increase in orders for small-pitch business, complete TV sets, and TP business in the current year[28] - The company will incur higher financial and intermediary costs due to the acquisition of 100% equity in MFLX[28] - The company is actively pursuing market expansion and new product development strategies to enhance its competitive position[28] Corporate Governance - There are no reported violations regarding external guarantees during the reporting period[30] - The company has committed to not exceeding 50% of the total shares held for any future stock sales within 12 months after leaving office[24] - The company’s major shareholders have pledged to not engage in any competitive business activities that may harm the company’s interests[25] - The company’s management has made commitments regarding the use of company assets and ensuring that their actions do not conflict with their duties[26] - The company is focused on maintaining a fair return for shareholders and has established measures to ensure compliance with this commitment[27] - The company’s management has committed to not transferring shares during their tenure beyond a specified limit[24] Research and Development - The company conducted multiple on-site research activities with institutions in August and September 2016[32] - No non-operating fund occupation by controlling shareholders or related parties during the reporting period[31]

Financial Performance - The company achieved operating revenue of CNY 2,426,598,497.29, representing a year-on-year increase of 32.43%[27]. - Net profit attributable to shareholders reached CNY 151,230,577.63, up 182.58% compared to the same period last year[27]. - The net profit after deducting non-recurring gains and losses was CNY 94,592,433.26, reflecting a 92.18% increase year-on-year[27]. - Basic and diluted earnings per share both increased to CNY 0.18, marking a 200% rise from CNY 0.06 in the same period last year[27]. - The company's operating income increased to CNY 2,408,168,975.85, representing a growth of 16.05% compared to the previous year[34]. - The gross profit margin improved to 32.06%, up by 0.70% year-on-year[34]. - The company reported a net profit of CNY 310,674,450.97 for the period, compared to CNY 167,917,776.04 at the beginning of the period, indicating a significant increase in profitability[121]. - The company reported a total investment commitment of CNY 117,497.6 million, with a cumulative investment of CNY 63,261.87 million, achieving 53.83% of the planned progress[50]. Cash Flow and Investments - The net cash flow from operating activities was CNY 9,308,437.10, a significant turnaround from a negative cash flow of CNY -184,557,722.48 in the previous year[27]. - The company’s investment activities generated a net cash outflow of CNY -204,471,901.97, a decrease of 44.96% compared to the previous year[32]. - The company has utilized CNY 11,000 million of idle raised funds for financial products and CNY 9,000 million for time deposits as of June 30, 2016[51]. - The cash flow from operating activities generated a net amount of approximately ¥9.31 million, a recovery from a net outflow of ¥184.56 million in the previous year[136]. - The company reported a cash outflow from investing activities of approximately ¥484.46 million, compared to ¥376.99 million in the previous year, indicating increased investment activities[137]. Corporate Governance and Compliance - The financial report guarantees the authenticity, accuracy, and completeness of the data presented[3]. - The report includes a commitment to disclose information accurately and timely as per regulatory requirements[15]. - The company has maintained compliance with corporate governance regulations and has no significant discrepancies with regulatory requirements[66]. - The company has not faced any penalties or rectification issues during the reporting period[96]. - The half-year financial report has not been audited[95]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,611[106]. - Major shareholders include Yuan Yonggang and Yuan Yongfeng, each holding 23.26% (197,136,000 shares) of the company[107]. - The total number of restricted shares at the end of the period was 79,390,270, with 31,500 shares newly restricted during the period[104]. - The company has not engaged in any repurchase transactions during the reporting period[108]. - The company’s actual controller and major shareholders have committed to not infringe on the company's interests during the management of the company[94]. Business Strategy and Market Position - The company emphasizes the importance of market changes and management efforts in achieving future plans, highlighting significant uncertainties[5]. - The company is focusing on expanding its business structure and improving cost management to address increasing market competition[27]. - The company aims to provide one-stop solutions in precision manufacturing, targeting industries such as telecommunications, consumer electronics, and automotive[29]. - The company is positioned to benefit from the rapid expansion of 4G networks and the upcoming 5G technology deployment globally[29]. - The company plans to expand its market presence and invest in new product development to drive future growth[128]. Subsidiaries and Acquisitions - The company has a total of 8 wholly-owned subsidiaries and several joint ventures[9]. - The company successfully acquired 100% of MFLX, a leading player in the global FPC manufacturing sector, enhancing its market competitiveness[28]. - The company completed the acquisition of Multi-Fine Line Electronix, Inc. for 407.2 million RMB, with the transaction finalized on July 27, 2016[69]. - The company’s subsidiary, Yongchuang Technology, reported a net profit of CNY 38.96 million for the reporting period[55]. - The company has included subsidiaries such as Suzhou Yongchuang Metal Technology Co., Ltd. in its consolidated financial statements for this period[153]. Financial Position - Total assets at the end of the reporting period were CNY 7,939,158,326.84, up 14.85% from the end of the previous year[27]. - The company's total liabilities increased to CNY 5,098,758,734.45 from CNY 4,194,206,881.06, reflecting a growth of approximately 21.6%[120]. - The company's equity attributable to shareholders reached CNY 2,832,707,731.22, up from CNY 2,686,188,241.90, reflecting an increase of about 5.4%[121]. - The total liabilities at the end of the period were 1,123,900 million yuan, indicating a stable financial position[147]. Accounting Policies - The financial statements are prepared in Renminbi, with a fiscal year running from January 1 to December 30[158]. - The company adheres to specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[156]. - Revenue from the sale of goods is recognized when the significant risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[200]. - The company recognizes bad debt provisions based on the present value of future cash flows being significantly lower than the carrying amount of receivables[174]. - The company measures financial assets at fair value without deducting potential transaction costs upon disposal, except for specific cases such as held-to-maturity investments and loans which are measured at amortized cost[166].

第一节 重要提示 苏州东山精密制造股份有限公司 2016 年第一季度报告正文 证券代码：002384 证券简称：东山精密 公告编号：2016-045 苏州东山精密制造股份有限公司 2016 年第一季度报告正文 2016 年 4 月 27 日 1 苏州东山精密制造股份有限公司 2016 年第一季度报告正文 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 995,003,100.90 | 844,407,567.63 | 17.83% | | 归属于上市公司股东的净利润（元） | 18,305,799.12 | 12,226,323.58 | 49.72% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 14,606,722.06 | 9,733,839.56 | 50.06% | | 经营活动产生的现金流量净额（元） | -43,145,218.62 | -44,658,166.74 | 3.39% | | 基本每股收益（元/股） | 0.02 | 0.01 | 100.00% | | 稀释每股收益（元 ...

Financial Performance - The company's operating revenue for 2015 was ¥3,992,874,009.53, representing a 13.31% increase compared to ¥3,523,739,424.51 in 2014[15]. - The net profit attributable to shareholders decreased by 27.32% to ¥31,713,817.26 from ¥43,632,842.60 in the previous year[15]. - The net profit after deducting non-recurring gains and losses dropped by 75.03% to ¥8,039,575.94, down from ¥32,198,280.21 in 2014[15]. - The total assets increased by 35.16% to ¥6,912,434,085.28 from ¥5,114,076,754.32 in 2014[16]. - The net assets attributable to shareholders rose by 79.16% to ¥2,686,188,241.90 compared to ¥1,499,303,733.00 in 2014[16]. - The basic earnings per share decreased by 33.33% to ¥0.04 from ¥0.06 in 2014[15]. - The company reported a negative net cash flow from operating activities of ¥142,473,199.64, slightly worse than the previous year's negative cash flow of ¥141,783,149.63[15]. - The company reported a gross margin of 18.87% for the metal products segment, with a year-on-year increase of 0.14%[43]. - The gross margin for the precision electronic manufacturing segment was 8.61%, reflecting a decrease of 1.22% compared to the previous year[43]. Business Expansion and Strategy - The company has strategically expanded its business to include precision electronic manufacturing, particularly in the LED sector, enhancing its industrial structure[14]. - The company has established a complete precision manufacturing service system, integrating precision metal and electronic manufacturing[29]. - The company focuses on high-end clients in downstream service industries, enhancing its flexible manufacturing capabilities and market share[30]. - The company has maintained stable partnerships with leading industry clients, ensuring a continuous order flow[31]. - The company is actively pursuing major asset acquisitions within the industry to enhance its market position[36]. - The company expanded its customer base, successfully acquiring new clients such as Xiaomi and OPPO in the precision electronic sector[37]. - The company plans to temporarily use RMB 30,000 million of idle raised funds to supplement working capital, with a usage period not exceeding 12 months[61]. - The company plans to invest RMB 240 billion in building 46.9 million 4G base stations over the next two years to enhance its competitive position in the telecommunications industry[67]. Research and Development - The company has established a comprehensive open R&D system, which has significantly improved its core competitiveness and innovation capabilities[32]. - The company increased its R&D investment to ¥130,080,093.30, a 28.95% increase compared to the previous year, representing 3.26% of operating revenue[50]. - The number of R&D personnel increased by 49.33% to 1,226, representing 12.15% of the total workforce[50]. - The company intends to enhance its R&D capabilities, focusing on key technologies in precision electronic manufacturing[79]. Shareholder and Dividend Information - The company reported a total share capital of 847,390,270 shares as of the end of 2015, with a cash dividend of 0.1 yuan per 10 shares to be distributed to all shareholders[5]. - The cash dividend represents 26.72% of the net profit attributable to ordinary shareholders, which was 31,713,817.26 yuan in 2015[111]. - The total distributable profit for 2015 was 167,917,776.04 yuan, with cash dividends accounting for 100% of the profit distribution[112]. - The company emphasizes a stable and continuous profit distribution policy, prioritizing cash dividends[105]. - The decision-making mechanism for profit distribution involves the board of directors and requires independent director review[107]. Corporate Governance and Compliance - The company maintains a commitment to corporate governance, ensuring timely and accurate disclosure of significant information to protect shareholder rights[160]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[117]. - The audit report issued by the accounting firm is considered objective and fair by the supervisory board[119]. - The company has committed to not engaging in any business activities that compete with its actual operations[116]. Market and Industry Outlook - The global smartphone shipment in 2015 reached 1.293 billion units, with domestic brands accounting for 539 million units, a year-on-year growth of 3%[70]. - In 2015, the total sales of light vehicles worldwide reached 89,101,663 units, a year-on-year increase of 2.0%[72]. - In 2015, China's production of new energy vehicles reached 379,000 units, a year-on-year growth of 400%[72]. - The company aims to strengthen its precision metal manufacturing business, which is crucial to its operations[76]. - The company plans to focus on developing precision electronic manufacturing, expanding its product lines in LED and touch modules[77]. Risks and Challenges - The company faces risks from market fluctuations in downstream industries, particularly in communication and consumer electronics[86]. - The company is acquiring MFLX, which involves risks such as approval uncertainties and potential termination fees of up to $27.45 million if the acquisition does not proceed[94]. - MFLX's financial performance has shown volatility, with revenues of $633.15 million in FY 2014 and a net loss of $84.53 million, highlighting the risks associated with the acquisition[99]. - The company acknowledges the risk of goodwill impairment if MFLX's future performance does not meet expectations, which could negatively impact profits[95]. Management and Organizational Changes - The company has seen changes in its management team, which may impact future strategic initiatives and operational efficiency[198]. - The company appointed Huang Ligui as a new director on July 15, 2015, replacing Zhang Dezhuzhu, who resigned for personal reasons[187]. - The company has a diverse board with members holding significant experience in various sectors, enhancing its strategic direction[196]. - The independent directors bring extensive academic and professional backgrounds, contributing to governance and oversight[197].