浙江尤夫高新纤维股份有限公司 2018 年半年度报告全文 浙江尤夫高新纤维股份有限公司 2018 年半年度报告 2018 年 08 月 1 浙江尤夫高新纤维股份有限公司 2018 年半年度报告全文 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、高级管理人员保证半年度报告内容的 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。 公司负责人翁中华、主管会计工作负责人吕彬及会计机构负责人(会计主管 人员)吕彬声明：保证本半年度报告中财务报告的真实、准确、完整。 鉴于以下原因，本公司全体董事、监事、高级管理人员声明：无法确定公 司是否存在关联交易、关联方资金占用的情况以及是否存在违反规定决策程序 向外申请借款、对外提供担保的情况。除上述无法确定事项外，保证公司 2018 年半年度报告中其他内容的真实、准确、完整，不存在虚假记载、误导性陈述 或重大遗漏。1、众华会计师事务所（特殊普通合伙）出具的否定意见的 2017 年内部控制审计报告显示公司在印章管理、资金往来、定期存款管理等存在重 大缺陷；2、2018 年 1 月以来，公司及实际控制人因涉嫌违反证券法律法规被中 ...

浙江尤夫高新纤维股份有限公司 2017 年年度报告全文 浙江尤夫高新纤维股份有限公司 2017 年年度报告 2018 年 04 月 1 浙江尤夫高新纤维股份有限公司 2017 年年度报告全文 第一节 重要提示、目录和释义 尽管公司自查未发现关联方非经营性占用资金、违反规定决策程序对外提 供担保以及其他将造成公司损失的情况，但鉴于以下原因，本公司董事、监事 及高级管理人员声明不能够保证公司是否存在关联方非经营性占用资金的情 况、是否存在违反规定决策程序对外提供担保的情况以及除已披露事项外是否 还存在其他可能造成公司损失的事项：1、众华会计师事务所出具的否定意见的 2017 年内部控制审计报告显示公司在印章管理、资金往来、定期存款管理等存 在重大缺陷；2、2018 年 1 月 17 日，公司及实际控制人因涉嫌违反证券法律法 规被中国证监会立案调查，目前尚无结论；3、年报中公司涉及大量诉讼事项， 且讼诉事项与实际控制人关联；4、众华会计师事务出具了无法表示意见的审计 意见。 所有董事均已出席了审议本报告的董事会会议。 众华会计师事务所（特殊普通合伙）为本公司出具了无法表示意见的审计 报告，本公司董事会、监事会对相关 ...

浙江尤夫高新纤维股份有限公司 2018 年第一季度报告正文 证券代码：002427 证券简称：*ST 尤夫 公告编号：2018-094 浙江尤夫高新纤维股份有限公司 2018 年第一季度报告正文 1 浙江尤夫高新纤维股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 尽管公司自查未发现关联方非经营性占用资金以及违反规定决策程序对外 提供担保的情况，但鉴于以下原因，本公司董事、监事及高级管理人员不能够 保证公司是否存在关联方非经营性占用资金的情况以及是否存在违反规定决策 程序对外提供担保的情况：1、众华会计师事务所出具的否定意见的 2017 年内 部控制审计报告，公司在印章管理、资金往来、定期存款管理等存在重大缺陷， 这些缺陷已在公司内控自评价报告中识别和体现；2、公司及实际控制人因涉嫌 违反证券法律法规被中国证监会立案调查，目前尚无结论；3、年报中公司涉及 大量诉讼事项，且讼诉事项与实际控制人关联；4、众华会计师事务所出具了无 法表示意见的审计意见 ...

2017 年年度报告 浙江尤夫高新纤维股份有限公司 2017 年年度报告全文 浙江尤夫高新纤维股份有限公司 2018 年 04 月 1 浙江尤夫高新纤维股份有限公司 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。 公司负责人翁中华、主管会计工作负责人吕彬及会计机构负责人(会计主管 人员)吕彬声明：保证年度报告中财务报告的真实、准确、完整。 尽管公司自查未发现关联方非经营性占用资金、违反规定决策程序对外提 供担保以及其他将造成公司损失的情况，但鉴于以下原因，本公司董事、监事 及高级管理人员声明不能够保证公司是否存在关联方非经营性占用资金的情 况、是否存在违反规定决策程序对外提供担保的情况以及除已披露事项外是否 还存在其他可能造成公司损失的事项：1、众华会计师事务所出具的否定意见的 2017 年内部控制审计报告显示公司在印章管理、资金往来、定期存款管理等存 在重大缺陷；2、2018 年 1 月 17 日，公司及实际控制人因涉嫌违反证券法律法 规被中国证监会 ...

浙江尤夫高新纤维股份有限公司 2018 年第一季度报告全文 浙江尤夫高新纤维股份有限公司 2018 年 04 月 尽管公司自查未发现关联方非经营性占用资金以及违反规定决策程序对外 提供担保的情况，但鉴于以下原因，本公司董事、监事及高级管理人员不能够 保证公司是否存在关联方非经营性占用资金的情况以及是否存在违反规定决策 程序对外提供担保的情况：1、众华会计师事务所出具的否定意见的 2017 年内 部控制审计报告，公司在印章管理、资金往来、定期存款管理等存在重大缺陷， 这些缺陷已在公司内控自评价报告中识别和体现；2、公司及实际控制人因涉嫌 违反证券法律法规被中国证监会立案调查，目前尚无结论；3、年报中公司涉及 大量诉讼事项，且讼诉事项与实际控制人关联；4、众华会计师事务所出具了无 法表示意见的审计意见。 1 浙江尤夫高新纤维股份有限公司 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。 公司负责人翁中华、主管会计工作负 ...

浙江尤夫高新纤维股份有限公司 2017 年第三季度报告正文 证券代码：002427 证券简称：尤夫股份 公告编号：2017-111 浙江尤夫高新纤维股份有限公司 2017 年第三季度报告正文 1 浙江尤夫高新纤维股份有限公司 2017 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。 公司负责人翁中华、主管会计工作负责人吕彬及会计机构负责人(会计主管 人员)彭丽红声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江尤夫高新纤维股份有限公司 2017 年第三季度报告正文 第二节 公司基本情况 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | 1,011,941.61 | | | 越权审批或无正式批准文件的税收返还、减免 | 1,005,064.82 | | | 计入当期损益的政府补助（与 ...

浙江尤夫高新纤维股份有限公司 2017 年半年度报告全文 浙江尤夫高新纤维股份有限公司 2017 年半年度报告 2017-086 2017 年 07 月 1 浙江尤夫高新纤维股份有限公司 2017 年半年度报告全文 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、高级管理人员保证半年度报告内容的 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。 公司负责人翁中华、主管会计工作负责人吕彬及会计机构负责人(会计主管 人员)彭丽红声明：保证本半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。 公司已在本报告中详细描述可能存在的风险及应对措施，详细内容见本报 告第四节经营情况讨论与分析之十、公司能面临的风险和应对措施。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 | 目录 | | --- | | 2017 | 半年度报告 1 | | --- | --- | | 第一节 | 重要提示、释义 1 | | 第二节 | 公司简介和主要财务指标 4 | | 第三节 | 公司业务概要 6 | | 第四节 | 经营情况讨论与分析 ...

浙江尤夫高新纤维股份有限公司 2017 年第一季度报告正文 证券代码：002427 证券简称：尤夫股份 公告编号：2017-036 2 浙江尤夫高新纤维股份有限公司 2017 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 浙江尤夫高新纤维股份有限公司 2017 年第一季度报告正文 1 浙江尤夫高新纤维股份有限公司 2017 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人翁中华、主管会计工作负责人吕彬及会计机构负责人(会计主管 人员)彭丽红声明：保证季度报告中财务报表的真实、准确、完整。 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 859,626,443.03 | 437,428,009.94 | 96.52% ...

[Important Notice, Table of Contents and Definitions](index=2&type=section&id=Section%201%20Important%20Notice%2C%20Table%20of%20Contents%20and%20Definitions) The company's board ensures the accuracy of the annual report, and the 2016 profit distribution plan proposes a cash dividend of 0.2 RMB per 10 shares - The company's Board of Directors, Supervisory Board, and senior management ensure the truthfulness, accuracy, and completeness of this annual report and assume corresponding legal responsibilities[3](index=3&type=chunk) - The company's 2016 profit distribution plan proposes a cash dividend of **0.20 RMB per 10 shares** (tax inclusive) based on 398,154,658 shares, with no bonus shares or capital reserve conversions[4](index=4&type=chunk) [Company Profile and Key Financial Indicators](index=6&type=section&id=Section%202%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information, significant financial performance, and key operational metrics for the reporting period [Company Basic Information](index=6&type=section&id=I.%20Company%20Information) This chapter provides basic corporate information for Zhejiang Youfu High-Tech Fiber Co., Ltd., including company name, stock code (002427), listing exchange (Shenzhen Stock Exchange), and legal representative | Item | Information | | :--- | :--- | | **Stock Abbreviation** | Youfu Shares | | **Stock Code** | 002427 | | **Listing Exchange** | Shenzhen Stock Exchange | | **Company Name** | Zhejiang Youfu High-Tech Fiber Co., Ltd. | | **Legal Representative** | Weng Zhonghua | | **Registered Address** | Hefu Town Industrial Park, Huzhou City, Zhejiang Province | [Registration and Change of Control](index=6&type=section&id=IV.%20Registration%20Changes) During the reporting period, the company's main business remained unchanged, but its actual controller changed in April 2016 from Mr. Mao Huixin to Mr. Jiang Yong - In April 2016, the company's actual controller changed from Mr. Mao Huixin to Mr. Jiang Yong, who indirectly holds **29.8%** of the listed company's shares through Youfu Holdings[16](index=16&type=chunk) [Key Accounting Data and Financial Indicators](index=7&type=section&id=VI.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In 2016, the company achieved significant performance growth with revenue increasing by **22.69%** and net profit attributable to shareholders by **68.54%**, while total assets expanded rapidly by **87.02%** | Indicator | 2016 | 2015 | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (RMB)** | 2,460,089,491.91 | 2,005,045,174.14 | 22.69% | | **Net Profit Attributable to Shareholders (RMB)** | 168,616,157.87 | 100,044,409.77 | 68.54% | | **Net Cash Flow from Operating Activities (RMB)** | 384,622,492.35 | 284,658,866.67 | 35.12% | | **Basic Earnings Per Share (RMB/share)** | 0.42 | 0.27 | 55.56% | | **Weighted Average ROE** | 7.80% | 6.28% | 1.52% | | **Total Assets (RMB)** | 5,735,874,297.80 | 3,066,986,794.30 | 87.02% | | **Net Assets Attributable to Shareholders (RMB)** | 2,204,565,448.47 | 2,112,485,430.59 | 4.36% | [Quarterly Financial Indicators](index=8&type=section&id=VIII.%20Quarterly%20Key%20Financial%20Indicators) The company's 2016 quarterly operating revenue and net profit showed a sequential growth trend, with the fourth quarter contributing most significantly | Indicator (RMB) | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 437,428,009.94 | 576,199,860.34 | 617,548,055.63 | 828,913,566.00 | | **Net Profit Attributable to Shareholders** | 21,233,022.77 | 45,488,099.05 | 48,335,241.21 | 53,559,794.84 | [Non-Recurring Gains and Losses](index=8&type=section&id=IX.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) In 2016, the company's total non-recurring gains and losses significantly increased to **22.81 million RMB**, primarily from entrusted investment gains and government subsidies - Total non-recurring gains and losses in 2016 amounted to **22.81 million RMB**, primarily comprising **18.15 million RMB** from entrusted investment gains and **10.11 million RMB** from government subsidies[23](index=23&type=chunk)[24](index=24&type=chunk) [Business Overview](index=10&type=section&id=Section%203%20Company%20Business%20Overview) This section outlines the company's dual-main business strategy, significant asset changes due to acquisitions, and analysis of its core competitive advantages in both segments [Main Business](index=10&type=section&id=I.%20Main%20Businesses%20Engaged%20in%20During%20the%20Reporting%20Period) In Q4 2016, the company acquired **51%** of Zhihang New Energy, establishing a dual-main business structure in polyester industrial yarn and lithium batteries - The company completed the acquisition of **51%** equity in Zhihang New Energy in the fourth quarter of 2016, forming a dual-main business of polyester industrial yarn and lithium batteries[27](index=27&type=chunk) - The polyester industrial yarn business is a domestic leader with widespread product applications across transportation, construction, and automotive manufacturing sectors[28](index=28&type=chunk) - The newly entered lithium battery business benefits from national new energy vehicle policy support, offering broad market potential, with Zhihang New Energy being a major domestic power lithium battery supplier[30](index=30&type=chunk)[31](index=31&type=chunk) [Significant Changes in Major Assets](index=11&type=section&id=II.%20Significant%20Changes%20in%20Major%20Assets) The company's total assets significantly increased during the reporting period, primarily due to the acquisition of Zhihang New Energy, leading to multi-fold growth in cash, receivables, prepayments, other receivables, and goodwill | Major Asset | Change Rate | Main Reason | | :--- | :--- | :--- | | **Cash and Equivalents** | +635.30% | Increase in bank deposits | | **Accounts Receivable** | +145.11% | Consolidation of Zhihang New Energy's accounts receivable | | **Prepayments** | +481.90% | Increase in prepaid material costs | | **Other Receivables** | +1804.46% | Increase in import equipment deposits | | **Goodwill** | Newly added | Acquisition of 51% stake in Zhihang New Energy | | **Construction in Progress** | -71.74% | Partial construction in progress transferred to fixed assets | [Core Competitiveness Analysis](index=12&type=section&id=III.%20Core%20Competitiveness%20Analysis) The company's core competitiveness spans its polyester industrial yarn and lithium battery segments, leveraging advantages in technology, integrated supply chains, product innovation, scale, and management - **Polyester Industrial Yarn Segment Core Advantages:** - **Technology and Cost:** Utilizes melt direct spinning technology to reduce energy consumption and production costs[35](index=35&type=chunk) - **Supply Chain:** Forms a complete "polymerization-industrial yarn-industrial textiles" supply chain[36](index=36&type=chunk) - **R&D:** Possesses a provincial-level enterprise research institute, with **31 patent applications** and **21 authorizations** in 2016[36](index=36&type=chunk) - **Scale:** Polyester industrial yarn production capacity ranks **second globally** in the industry[36](index=36&type=chunk) - **Management:** Possesses a clear development strategy and strong organizational execution capabilities[36](index=36&type=chunk) - **Lithium Battery Segment (Zhihang New Energy) Core Advantages:** - **Supply Chain:** Possesses a complete production line for ternary cathode materials, battery cells, and PACK systems[37](index=37&type=chunk) - **Management and Certification:** Certified with ISO9001, TS16949, and included in the MIIT's "Automotive Power Battery Industry Standard Conditions" enterprise directory[38](index=38&type=chunk) - **Industry-Academia-Research Collaboration:** Co-established a research and development center with the Chinese Academy of Sciences[39](index=39&type=chunk) - **New Product Development:** Successfully developed **3000mAh** lithium battery products with performance comparable to international counterparts[39](index=39&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Section%204%20Management%20Discussion%20and%20Analysis) This section provides a comprehensive analysis of the company's operational performance, financial position, and strategic initiatives, including key financial metrics, expense trends, and future development plans [Annual Operating Overview](index=14&type=section&id=I.%20Overview) In 2016, the company expanded into the new energy sector by acquiring **51%** of Zhihang New Energy, resulting in **87.02%** growth in total assets, **22.69%** in operating revenue, and **68.54%** in net profit attributable to shareholders | Indicator | 2016 Amount (RMB) | YoY Growth | | :--- | :--- | :--- | | **Total Assets** | 5,735,874,297.80 | 87.02% | | **Operating Revenue** | 2,460,089,491.91 | 22.69% | | **Net Profit Attributable to Parent** | 168,616,157.87 | 68.54% | | **Basic Earnings Per Share** | 0.42 | 55.56% | - The company's key annual initiatives include: - Acquiring **51%** equity in Zhihang New Energy to expand into the new energy industry[42](index=42&type=chunk) - Integrating organizational structure to adapt to dual-main business development[43](index=43&type=chunk) - Increasing investment in scientific research and development, with **31 patent applications** and **21 authorizations** throughout the year[44](index=44&type=chunk) - Advancing the construction of the "Ceiling Film Project" under the raised funds investment program[44](index=44&type=chunk) [Main Business Analysis](index=15&type=section&id=II.%20Main%20Business%20Analysis) In 2016, the company's operating revenue reached **2.46 billion RMB**, growing **22.69%**, primarily driven by the chemical fiber manufacturing sector and the newly consolidated lithium battery business 2016 Operating Revenue Composition | Category | Revenue (RMB) | Share of Total Revenue | YoY Change | | :--- | :--- | :--- | :--- | | **By Industry** | | | | | Chemical Fiber Manufacturing | 2,303,236,316.18 | 93.62% | 14.87% | | Lithium Battery Industry | 156,853,175.73 | 6.38% | - | | **By Product** | | | | | Polyester Industrial Yarn | 1,949,269,135.23 | 79.24% | 18.89% | | Power Lithium Battery | 135,708,384.53 | 5.52% | - | | **By Region** | | | | | Domestic Sales | 1,696,768,669.33 | 68.97% | 27.90% | | Export Sales | 763,320,822.58 | 31.03% | 12.52% | - The gross profit margin for chemical fiber manufacturing was **18.36%**, an increase of **2.09 percentage points** year-on-year, while the new lithium battery business achieved a gross profit margin of **33.25%**, with power lithium battery products reaching **38.74%**[49](index=49&type=chunk)[50](index=50&type=chunk) - The company's customer concentration is low, with the top five customers accounting for **7.72%** of total sales, while supplier concentration is high, with the top five suppliers accounting for **68.80%** of total purchases, and the largest supplier alone accounting for **48.70%**[55](index=55&type=chunk) [Expense Analysis](index=18&type=section&id=3.%20Expenses) During the reporting period, both selling and administrative expenses significantly increased by **26.05%** and **53.82%** respectively, primarily due to higher transportation, technology development, and M&A-related intermediary fees | Expense Item | 2016 (RMB) | 2015 (RMB) | YoY Change | Main Reason for Change | | :--- | :--- | :--- | :--- | :--- | | **Selling Expenses** | 78,649,744.41 | 62,397,760.47 | 26.05% | Increase in transportation costs | | **Administrative Expenses** | 150,632,185.52 | 97,927,398.36 | 53.82% | Increase in technology development and intermediary fees | | **Financial Expenses** | 40,560,526.85 | 40,454,952.21 | 0.26% | - | [R&D Investment](index=18&type=section&id=4.%20R%26D%20Investment) The company significantly increased R&D investment in 2016 to **90.36 million RMB**, a **52.78%** year-on-year increase, with R&D personnel growing by **326.67%** to **192** employees | Indicator | 2016 | 2015 | Change Rate | | :--- | :--- | :--- | :--- | | **R&D Personnel (FTE)** | 192 | 45 | 326.67% | | **R&D Investment (RMB)** | 90,355,570.17 | 59,141,754.17 | 52.78% | | **R&D Investment as % of Operating Revenue** | 3.67% | 2.95% | 0.72% | [Cash Flow Analysis](index=18&type=section&id=5.%20Cash%20Flow) In 2016, the company's net cash flow from operating activities increased by **35.12%** to **384.62 million RMB**, while net cash outflow from investing activities was **499.84 million RMB** due to the Zhihang New Energy acquisition, leading to a **1.18 billion RMB** net increase in cash and equivalents | Item (RMB) | 2016 | 2015 | YoY Change | | :--- | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | 384,622,492.35 | 284,658,866.67 | 35.12% | | **Net Cash Flow from Investing Activities** | -499,844,992.44 | -701,281,195.97 | -28.72% | | **Net Cash Flow from Financing Activities** | 1,285,692,555.12 | 513,048,516.88 | 150.60% | | **Net Increase in Cash and Cash Equivalents** | 1,176,713,941.07 | 89,342,158.97 | 1,217.09% | - Major reasons for significant cash flow changes include: - Increased cash outflow from investing activities, primarily due to the acquisition of **51%** equity in Jiangsu Zhihang New Energy[60](index=60&type=chunk) - Decreased cash outflow from financing activities, mainly due to reduced debt repayments during the period[61](index=61&type=chunk) - Significant increase in net cash and equivalents, primarily due to higher bank deposits and other monetary funds[60](index=60&type=chunk)[61](index=61&type=chunk) [Analysis of Assets and Liabilities](index=19&type=section&id=IV.%20Analysis%20of%20Assets%20and%20Liabilities) As of year-end 2016, total assets reached **5.74 billion RMB**, growing **87.02%**, with significant increases in cash, receivables, and goodwill due to the Zhihang New Energy acquisition, alongside corresponding growth in liabilities | Item | 2016 Year-End (RMB) | % of Total Assets | Change from Beginning of Period | | :--- | :--- | :--- | :--- | | **Cash and Equivalents** | 1,480,136,962.21 | 25.80% | +635.30% | | **Accounts Receivable** | 660,630,319.75 | 11.52% | +145.11% | | **Goodwill** | 820,586,251.15 | 14.31% | Newly added | | **Short-term Borrowings** | 1,992,747,215.41 | 34.74% | +473.77% | | **Accounts Payable** | 361,837,876.56 | 6.31% | +200.85% | | **Other Payables** | 347,056,052.54 | 6.05% | +38616.67% | - The significant increase in other payables was primarily due to an increase in unpaid equity investment funds[63](index=63&type=chunk) [Investment Analysis](index=20&type=section&id=V.%20Investment%20Analysis) The company's primary investment in the reporting period was the acquisition of **51%** of Zhihang New Energy, which involved reallocating **457 million RMB** of raised funds, with **400 million RMB** for the acquisition and **57.3 million RMB** for working capital - The company changed the use of raised funds for the "Mid-to-High-End Light Box Advertising Material Project" due to a decline in expected economic benefits caused by market environment changes[74](index=74&type=chunk) - The reallocated raised funds were primarily used to pay for the acquisition of **51%** equity in Jiangsu Zhihang New Energy (**400 million RMB**) and to permanently supplement working capital (**57.3 million RMB**)[75](index=75&type=chunk)[77](index=77&type=chunk)[78](index=78&type=chunk) [Analysis of Major Holding and Participating Companies](index=24&type=section&id=VII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) During the reporting period, the company's subsidiary scope significantly changed due to acquisitions and new establishments, with Zhejiang Youfu Technology Industrial Co., Ltd. contributing **13.01 million RMB** in net profit and the newly acquired Jiangsu Zhihang New Energy Co., Ltd. contributing **31.12 million RMB** | Subsidiary Name | 2016 Operating Revenue (RMB) | 2016 Net Profit (RMB) | | :--- | :--- | :--- | | **Zhejiang Youfu Technology Industrial Co., Ltd.** | 269,254,797.49 | 13,014,263.83 | | **Jiangsu Zhihang New Energy Co., Ltd.** | 156,853,175.73 | 31,121,993.94 | - During the reporting period, the company strengthened or acquired control over Jiangsu Zhihang New Energy, Zhejiang Youfu Technology Industrial, and Unifull Europe GmbH through acquisitions, and newly established two wholly-owned subsidiaries, Shanghai Youhang New Energy and Shenzhen Youfu Holdings[82](index=82&type=chunk) [Future Development Outlook](index=25&type=section&id=IX.%20Outlook%20on%20Company's%20Future%20Development) The company's future strategy focuses on consolidating its leading position in polyester industrial yarn while vigorously developing power lithium batteries and new energy businesses, with a 2017 plan to accelerate new energy expansion and enhance synergistic management - **Development Strategy:** Consolidate the leading position in polyester industrial yarn while vigorously developing power lithium batteries and new energy businesses to achieve synergistic dual-main business development[84](index=84&type=chunk) - **2017 Operating Plan:** - Accelerate capacity expansion and technological R&D for the new energy segment (Zhihang New Energy)[87](index=87&type=chunk) - Ensure stable development of the polyester industrial yarn business and integrate it into a subsidiary for independent operation[87](index=87&type=chunk) - Enhance management efficiency, promote cultural integration, and expand sales markets[87](index=87&type=chunk) - **Key Risk Factors:** - **Polyester Industrial Yarn Segment:** Raw material price fluctuations, foreign exchange risks, and management risks associated with capacity expansion[88](index=88&type=chunk)[89](index=89&type=chunk)[90](index=90&type=chunk) - **Lithium Battery Segment:** Reliance on fiscal subsidy policies, intensified market competition, risks of technology route changes, and business integration risks[93](index=93&type=chunk)[94](index=94&type=chunk)[96](index=96&type=chunk)[97](index=97&type=chunk) [Significant Matters](index=31&type=section&id=Section%205%20Significant%20Matters) This section details the company's profit distribution, fulfillment of commitments, changes in consolidation scope, major contracts and guarantees, and other significant events during the reporting period [Profit Distribution](index=31&type=section&id=I.%20Company%20Ordinary%20Share%20Profit%20Distribution%20and%20Capital%20Reserve%20Conversion%20to%20Share%20Capital) The company has consistently distributed cash dividends over the past three years, with the 2016 proposed dividend of **0.2 RMB per 10 shares** totaling **7.96 million RMB**, representing **4.72%** of net profit attributable to shareholders | Year | Distribution Plan (Per 10 Shares) | Total Cash Dividend (RMB) | % of Net Profit Attributable to Parent | | :--- | :--- | :--- | :--- | | **2016 (Proposed)** | 0.2 RMB Dividend | 7,963,093.16 | 4.72% | | **2015** | 1.2 RMB Dividend | 47,778,558.96 | 47.76% | | **2014** | 0.5 RMB Dividend, 4 Bonus Shares | 11,909,794.00 | 12.55% | [Fulfillment of Commitments](index=32&type=section&id=III.%20Fulfillment%20of%20Commitments) During the reporting period, all parties fulfilled their commitments, including share lock-ups and use of raised funds, with the Zhihang New Energy acquisition involving a performance pledge of at least **136 million RMB**, **380 million RMB**, and **420 million RMB** net profit for 2016, 2017, and 2018, respectively - The counterparty for the Zhihang New Energy acquisition committed that the target company's net profit for 2016, 2017, and 2018 would be no less than **136 million RMB**, **380 million RMB**, and **420 million RMB**, respectively[113](index=113&type=chunk) [Change in Consolidation Scope](index=37&type=section&id=VIII.%20Explanation%20of%20Changes%20in%20Consolidation%20Scope%20Compared%20to%20Prior%20Year's%20Financial%20Report) During the reporting period, the company's consolidation scope changed primarily due to the non-common control acquisition of Jiangsu Zhihang New Energy Co., Ltd. and the establishment of new subsidiaries - The company's consolidation scope changed due to the acquisition of Jiangsu Zhihang New Energy and the establishment of new subsidiaries[119](index=119&type=chunk)[566](index=566&type=chunk)[567](index=567&type=chunk) [Major Contracts and Guarantees](index=41&type=section&id=XVII.%20Major%20Contracts%20and%20Their%20Fulfillment) As of the end of the reporting period, the company's actual external guarantees totaled **722.59 million RMB**, primarily for subsidiaries, representing **32.78%** of net assets, while entrusted wealth management generated **12.17 million RMB** in investment income - As of the end of the reporting period, the company's total actual guarantees amounted to **722.59 million RMB**, accounting for **32.78%** of the company's net assets, primarily consisting of guarantees provided to subsidiaries[138](index=138&type=chunk)[139](index=139&type=chunk) - The company utilized idle raised funds and its own funds for entrusted wealth management, realizing an actual gain of **12.17 million RMB** for the current period[144](index=144&type=chunk)[145](index=145&type=chunk) [Other Significant Matters](index=48&type=section&id=XIX.%20Explanation%20of%20Other%20Significant%20Matters) Several significant events occurred during the reporting period, including a change in the company's actual controller to Mr. Jiang Yong, the EU's final anti-dumping duty of **5.5%** on polyester high-tenacity yarn, and the company's acquisition of full control over several subsidiaries - The company's actual controller changed from Mr. Mao Huixin to Mr. Jiang Yong[154](index=154&type=chunk) - The EU's sunset review final ruling on anti-dumping duties for the company's polyester industrial yarn products maintained a **5.5%** anti-dumping duty rate, valid for five years[154](index=154&type=chunk) - The company completed the acquisition of minority stakes in its subsidiaries Youfu Europe and Youfu Technology, making them wholly-owned subsidiaries[155](index=155&type=chunk) [Share Changes and Shareholder Information](index=49&type=section&id=Section%206%20Share%20Changes%20and%20Shareholder%20Information) This section details changes in the company's share structure, including the listing of restricted shares, and provides an overview of its shareholder base and actual controller [Share Changes](index=49&type=section&id=I.%20Share%20Changes) During the reporting period, the company's total share capital remained unchanged, but the share structure shifted significantly due to the listing of **64,680,426** restricted shares from a 2015 non-public offering - Approximately **64.68 million** restricted shares from the 2015 non-public offering were unrestricted and listed for trading on July 14, 2016, increasing the proportion of unrestricted shares from **83.75%** to nearly **100%**[159](index=159&type=chunk)[162](index=162&type=chunk) [Shareholders and Actual Controller](index=53&type=section&id=III.%20Shareholders%20and%20Actual%20Controller) As of year-end 2016, the company had **20,603** shareholders, with Huzhou Youfu Holdings Co., Ltd. as the controlling shareholder (**29.80%**) and Mr. Jiang Yong as the actual controller Top Two Shareholders' Holdings | Shareholder Name | Shareholder Type | Shares Held at Period End | Shareholding Ratio | | :--- | :--- | :--- | :--- | | **Huzhou Youfu Holdings Co., Ltd.** | Domestic Non-State-Owned Legal Person | 118,650,000 | 29.80% | | **Jiayuan Co., Ltd.** | Overseas Legal Person | 56,580,800 | 14.21% | - During the reporting period, the company's actual controller changed from Mao Huixin to Jiang Yong, who indirectly controls the listed company through Suzhou Zhengyue Investment Management Co., Ltd. controlling Huzhou Youfu Holdings Co., Ltd.[172](index=172&type=chunk) [Preferred Shares Information](index=58&type=section&id=Section%207%20Preferred%20Shares%20Information) This section confirms that the company had no preferred shares during the reporting period [Preferred Shares](index=58&type=section&id=Section%207%20Preferred%20Shares%20Information) During the reporting period, the company had no preferred shares - The company had no preferred shares during the reporting period[176](index=176&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=59&type=section&id=Section%208%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) This section details significant changes in the company's board and senior management due to a change in control, along with an overview of its employee structure and compensation policies [Changes in Directors, Supervisors, and Senior Management](index=61&type=section&id=II.%20Changes%20in%20Company%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) In 2016, the company's board and senior management underwent significant changes following the change in actual control, with Mr. Weng Zhonghua appointed as the new Chairman and General Manager, and new core management personnel introduced - Due to the change in company control, former Chairman Mao Huixin, former General Manager Mao Huixin, former CFO Chen Yan, and several other core executives resigned[182](index=182&type=chunk) - Mr. Weng Zhonghua was appointed as the new Chairman and General Manager, with Mr. Zheng Yingbin and Mr. Song Guoyao appointed as new directors, completing the restructuring of the company's core management team[178](index=178&type=chunk)[183](index=183&type=chunk) [Employee Information](index=66&type=section&id=V.%20Company%20Employee%20Information) As of year-end 2016, the company had **2,696** employees, with production personnel comprising the largest group at **2,035**, and **19.7%** of employees holding college degrees or higher | Professional Composition | Number of Employees | | :--- | :--- | | **Production Personnel** | 2,035 | | **Sales Personnel** | 70 | | **Technical Personnel** | 270 | | **Financial Personnel** | 37 | | **Administrative Personnel** | 284 | | **Total** | **2,696** | [Corporate Governance](index=68&type=section&id=Section%209%20Corporate%20Governance) This section confirms that the company's corporate governance structure and practices comply with relevant regulatory requirements, ensuring independence and proper functioning of its internal bodies [Corporate Governance Overview](index=68&type=section&id=I.%20Basic%20Status%20of%20Corporate%20Governance) During the reporting period, the company continuously improved its corporate governance structure in strict accordance with laws and regulations, ensuring compliance with CSRC requirements in areas such as shareholder meetings, board and supervisory board operations, and information disclosure - There are no significant differences between the company's actual corporate governance status and the normative documents on listed company governance issued by the China Securities Regulatory Commission (CSRC)[200](index=200&type=chunk)[204](index=204&type=chunk) - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, possessing independent operational capabilities[205](index=205&type=chunk) [Corporate Bonds](index=73&type=section&id=Section%2010%20Corporate%20Bonds%20Information) This section confirms that the company has no outstanding or overdue corporate bonds publicly issued and listed on a stock exchange [Corporate Bonds Information](index=73&type=section&id=Section%2010%20Corporate%20Bonds%20Information) During the reporting period, the company had no publicly issued and listed corporate bonds that were outstanding or overdue for full repayment as of the annual report approval date - The company has no outstanding or overdue corporate bonds[219](index=219&type=chunk) [Financial Report](index=74&type=section&id=Section%2011%20Financial%20Report) This section presents the company's audited financial statements, including the audit opinion, balance sheet, income statement, and cash flow statement summaries for the reporting period [Audit Report](index=74&type=section&id=I.%20Audit%20Report) Zhonghua Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2016 financial statements, affirming their fair presentation in accordance with enterprise accounting standards - The auditing firm, Zhonghua Certified Public Accountants (Special General Partnership), issued a standard unqualified audit opinion[221](index=221&type=chunk)[226](index=226&type=chunk) [Financial Statement Summary](index=75&type=section&id=II.%20Financial%20Statements) As of year-end 2016, the company reported total assets of **5.74 billion RMB**, total liabilities of **3.31 billion RMB**, and net assets attributable to the parent of **2.21 billion RMB**, with 2016 operating revenue of **2.46 billion RMB** and net profit attributable to the parent of **169 million RMB** Consolidated Balance Sheet Summary (December 31, 2016) | Item | Amount (RMB) | | :--- | :--- | | **Total Assets** | 5,735,874,297.80 | | **Total Liabilities** | 3,313,997,865.56 | | **Equity Attributable to Parent Company Owners** | 2,204,565,448.47 | Consolidated Income Statement Summary (2016) | Item | Amount (RMB) | | :--- | :--- | | **Total Operating Revenue** | 2,460,089,491.91 | | **Operating Profit** | 202,616,256.35 | | **Total Profit** | 213,440,019.79 | | **Net Profit Attributable to Parent Company Owners** | 168,616,157.87 | Consolidated Cash Flow Statement Summary (2016) | Item (RMB) | Amount (RMB) | | :--- | :--- | | **Net Cash Flow from Operating Activities** | 384,622,492.35 | | **Net Cash Flow from Investing Activities** | -499,844,992.44 | | **Net Cash Flow from Financing Activities** | 1,285,692,555.12 | | **Net Increase in Cash and Cash Equivalents** | 1,176,713,941.07 | [Reference Documents](index=178&type=section&id=Section%2012%20Reference%20Documents) This section lists all documents available for reference, including signed financial statements, the original audit report, the annual report, and all publicly disclosed documents [Reference Documents](index=178&type=section&id=Section%2012%20Reference%20Documents) This chapter lists documents available for reference, including signed and sealed financial statements, the original audit report, the original annual report, and all publicly disclosed documents from the reporting period, kept at the company's securities affairs department - Reference documents include signed financial statements, the original audit report, the original annual report, and all disclosed announcements, stored at the company's securities affairs department[668](index=668&type=chunk)

1 浙江尤夫高新纤维股份有限公司 2016 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。 公司负责人翁中华、主管会计工作负责人吕彬及会计机构负责人(会计主管 人员)刘海军声明：保证季度报告中财务报表的真实、准确、完整。 2 浙江尤夫高新纤维股份有限公司 2016 年第三季度报告正文 证券代码：002427 证券简称：尤夫股份 公告编号：2016-090 浙江尤夫高新纤维股份有限公司 2016 年第三季度报告正文 浙江尤夫高新纤维股份有限公司 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 √ 是 □ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度 | | --- | --- | --- | --- | --- | | | | | | 末增减 | | | | 调整前 | 调整后 | 调整后 | ...