江苏神通阀门股份有限公司 2017 年半年度报告全文 江苏神通阀门股份有限公司 2017 年半年度报告 证券名称：江苏神通 证券代码：0 0 2 4 3 8 2017 年 08 月 1 江苏神通阀门股份有限公司 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。 公司负责人吴建新、主管会计工作负责人张逸芳及会计机构负责人(会计主管人员)林冬 香声明：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。 公司的经营计划和目标仅为未来计划的前瞻性陈述，不构成公司对投资者的实质性承诺， 能否实现取决于市场状况变化、经营团队的努力程度等多种因素，存在很大不确定性，请投 资者注意投资风险。 公司存在技术和市场风险、行业发展政策风险、市场开拓风险、经营规模扩大后面临的 管控风险，敬请广大投资者注意投资风险。详细内容见本报告"第四节经营情况讨论与分析" 之"十、公司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 ...

江苏神通阀门股份有限公司 2017 年第一季度报告正文 证券代码：002438 证券简称：江苏神通 公告编号：2017-035 江苏神通阀门股份有限公司 2017 年第一季度报告正文 1 江苏神通阀门股份有限公司 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。 公司负责人吴建新、主管会计工作负责人张逸芳及会计机构负责人(会计主 管人员)林冬香声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏神通阀门股份有限公司 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 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） | 153,188,756.20 | 136,713,185.88 | 12.05 | | ...

江苏神通阀门股份有限公司 2016 年年度报告(全文) 江苏神通阀门股份有限公司 2016 年年度报告（全文） 证券简称：江苏神通 证券代码：002438 2017 年 03 月 1 江苏神通阀门股份有限公司 2016 年年度报告(全文) 第一节 重要提示、目录和释义 本公司董事会、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。 公司负责人吴建新、主管会计工作负责人张逸芳及会计机构负责人(会计主管人员)林冬 香声明：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。 公司的经营计划和目标仅为未来计划的前瞻性陈述，不构成公司对投资者的实质性承诺， 能否实现取决于市场状况变化、经营团队的努力程度等多种因素，存在很大不确定性，请投 资者注意投资风险。 公司存在技术和市场风险、行业发展政策风险、市场开拓风险、经营规模扩大后面临的 管控风险，敬请广大投资者注意投资风险。详细内容见本报告"第四节经营情况讨论与分析" 之"九、公司未来发展的展望"之"（六）公司面对的主要风险和应对措施"。 公司经本次 ...

江苏神通阀门股份有限公司 2016 年第三季度报告正文 证券代码：002438 证券简称：江苏神通 公告编号：2016-098 江苏神通阀门股份有限公司 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。 公司负责人吴建新、主管会计工作负责人张逸芳及会计机构负责人(会计主 管人员)林冬香声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏神通阀门股份有限公司 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 1 江苏神通阀门股份有限公司 2016 年第三季度报告正文 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年 度末增减(%) | | --- | --- | --- | --- | --- | | 总资产（元） | 1,912,756,504.64 | | 1,753,77 ...

江苏神通阀门股份有限公司 2016 年半年度报告（全文） 江苏神通阀门股份有限公司 2016 年半年度报告 （全文） 证券名称：江苏神通 证券代码：0 0 2 4 3 8 2016 年 08 月 14 日 1 江苏神通阀门股份有限公司 2016 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。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人吴建新、主管会计工作负责人张逸芳及会计机构负责人(会计主管人员)林冬香声明：保证 本半年度报告中财务报告的真实、准确、完整。 公司的经营计划和目标仅为未来计划的前瞻性陈述，不构成公司对投资者的实质性承诺，能否实现取 决于市场状况变化、经营团队的努力程度等多种因素，存在很大不确定性，请投资者注意投资风险。 2 | 第一节 重要提示、目录和释义 2 | | --- | | 第二节 公司简介 5 | | 第三节 会计数据和财务指标摘要 8 | | 第四节 董事会报告 ...

Financial Performance - The company's operating revenue for Q1 2016 was ¥136,713,185.88, representing a 30.68% increase compared to ¥104,613,002.80 in the same period last year[7] - The net profit attributable to shareholders for Q1 2016 was ¥14,587,449.33, a 44.47% increase from ¥10,097,550.26 year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥13,175,324.94, showing a significant increase of 67.50% compared to ¥7,866,056.61 in the previous year[7] - The basic earnings per share for Q1 2016 was ¥0.07, up 44.47% from ¥0.05 in the previous year[7] - The net profit attributable to shareholders for the first half of 2016 is expected to range from 22.32 million to 25.75 million RMB, representing a growth of 30% to 50% compared to 17.17 million RMB in the same period of 2015[29] Cash Flow and Assets - The net cash flow from operating activities for Q1 2016 was ¥10,547,670.84, a substantial improvement from a negative cash flow of ¥41,823,587.53 in the same period last year, marking a 125.22% change[7] - Total assets at the end of Q1 2016 were ¥1,814,449,185.13, reflecting a 3.46% increase from ¥1,753,771,651.94 at the end of the previous year[7] - The net assets attributable to shareholders at the end of Q1 2016 were ¥1,187,390,715.06, which is a 4.90% increase from ¥1,131,882,265.73 at the end of the previous year[7] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,260[12] - The largest shareholder, Wu Jianxin, holds 20.46% of the shares, amounting to 44,925,000 shares[12] Operational Changes - Operating income increased by 30.68% year-on-year, mainly due to the consolidation of the wholly-owned subsidiary Wuxi Flange Forging Co., Ltd.[16] - Sales expenses increased by 82.71% year-on-year, primarily due to the consolidation of Wuxi Flange Forging Co., Ltd.[16] - Accounts receivable increased by 47.97% compared to the beginning of the year, mainly due to an increase in the balance of accepted bills received during the reporting period[16] - Prepayments increased by 65.16% compared to the beginning of the year, primarily due to prepayments for raw materials during the reporting period[16] Financial Obligations and Investments - Long-term borrowings increased by 96.97% compared to the beginning of the year, mainly due to acquisition loans incurred for the acquisition of Wuxi Flange Forging Co., Ltd.[16] - Financial expenses increased by 142.81% year-on-year, primarily due to increased interest expenses from reduced bank deposits and increased borrowings[16] - Investment income decreased by 38.43% year-on-year, mainly due to a decrease in the scale of bank investment and wealth management products[16] Corporate Governance and Commitments - Jiangsu Shentong reported a commitment to ensure the authenticity and completeness of information related to its asset restructuring, with legal liability for any misleading statements[23] - The company confirmed that all non-operational fund transactions between its subsidiaries and external investments have been fully cleared, with no disputes existing[24] - Jiangsu Shentong's major asset restructuring involves a commitment to compensate for any losses incurred due to unacquired property certificates within 30 days of determining the actual loss[25] - The company has pledged to minimize and avoid related party transactions, ensuring fair pricing and compliance with legal requirements[26] - Jiangsu Shentong's shareholders have committed to not transferring or managing newly subscribed shares during the lock-up period following the completion of the transaction[26] - The company has no violations regarding external guarantees during the reporting period[30] - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[31] Future Outlook and Strategy - The increase in performance is attributed to new orders from nuclear power projects starting to be delivered and the inclusion of Wuxi Flange Forging Co., Ltd. in the consolidated financial statements[29] - The company plans to raise up to RMB 548 million through a non-public offering of shares, with the funds allocated for various projects and debt repayment[21] - The company conducted multiple institutional research activities to discuss production operations and future development plans in January, February, and March 2016[32] - The company is focused on maintaining shareholder interests and ensuring compliance with commitments made during the IPO[28] - The management team has confirmed adherence to commitments regarding share transfers and non-competition[28] - The company is actively pursuing new business opportunities while ensuring no conflicts with existing operations[28] - The controlling shareholder has made commitments regarding share transfer limitations and non-competition during their tenure[28]

Financial Performance - The company's operating revenue for 2015 was ¥427,522,273.61, representing a decrease of 8.18% compared to ¥465,606,404.42 in 2014[17]. - The net profit attributable to shareholders decreased by 69.20% to CNY 16,576,339.60 from CNY 53,816,510.82 in the previous year[18]. - The net profit after deducting non-recurring gains and losses dropped by 77.86% to CNY 10,544,984.68 compared to CNY 47,624,207.92 in 2014[18]. - The net cash flow from operating activities was negative at CNY -38,716,405.11, a decline of 187.43% from CNY 44,281,087.71 in the previous year[18]. - The company achieved a net profit of CNY 16,576,339.60 for the year 2015, with a profit distribution plan proposing a cash dividend of CNY 0.50 per 10 shares, totaling CNY 10,978,577.00[126][128]. Revenue Breakdown - The company reported a significant decline in revenue from the nuclear power sector, which fell by 34.33% to ¥124.63 million, compared to ¥189.78 million in 2014[44]. - The energy equipment sector saw a remarkable increase in revenue by 87.81%, reaching ¥78.56 million, up from ¥41.83 million in the previous year[44]. - The revenue from the metallurgical valve business was CNY 214.89 million, with a gross margin decrease of 2.44% year-on-year, primarily due to weak demand and intense market competition in the metallurgical industry[47]. - The nuclear power valve business generated revenue of CNY 124.63 million, with a gross margin decline of 3.30% year-on-year, mainly due to decreased revenue from pit filter products and a focus on lower-margin non-nuclear valves[48]. - The energy equipment valve business reported revenue of CNY 78.56 million, with a gross margin increase of 17.29% year-on-year, attributed to successful market expansion and increased product orders leading to lower average costs[48]. Assets and Investments - Total assets increased by 38.78% to CNY 1,753,771,651.94 from CNY 1,263,734,087.65 at the end of 2014[18]. - The company's fixed assets grew by 50.84% due to the acquisition of a wholly-owned subsidiary, Wuxi Flange Forging Co., Ltd.[28]. - The company's intangible assets increased by 126.29%, also attributed to the acquisition of Wuxi Flange Forging Co., Ltd.[28]. - The total investment amount for the reporting period was ¥330,000,000.00, a substantial increase of 4,025.00% compared to the previous year[67]. Research and Development - Research and development (R&D) investment was ¥25,123,890.09, which is 5.88% of operating revenue, showing a 23.17% increase compared to the previous year[60]. - The company has established a provincial key laboratory and a national postdoctoral research station, enhancing its R&D capabilities[32]. - The number of R&D personnel increased by 14.69% to 164, although their proportion of total employees decreased by 4.56%[59]. - The company plans to continue focusing on R&D, utilizing new technologies and materials to improve product reliability and reduce production costs[106]. Market Position and Strategy - The company achieved a market share of over 70% in the metallurgical valve product sector, recognized as an excellent supplier by major clients[30]. - The company is focusing on optimizing its product structure to meet the high-end valve market demand and enhance product value[38]. - The company is implementing a barcode system and enhancing ERP software capabilities to lay the foundation for smart manufacturing[38]. - The company aims to enhance its competitive advantage in the fields of environmental protection, energy saving, and new energy equipment through technology and product development[92]. Risks and Challenges - The company is facing various risks including technology and market risks, industry development policy risks, and management risks associated with business expansion[5]. - The company has faced challenges in meeting customer demands and market competition in the energy equipment sector, which could adversely affect future performance[119]. - The company plans to enhance its management capabilities and efficiency in response to the risks associated with its expanding operational scale, particularly following the acquisition of Wuxi Flange Forging Co., Ltd.[120]. Corporate Governance and Compliance - The company has committed to timely and accurate disclosure of the use and storage of raised funds in accordance with regulatory guidelines[83]. - The company has strictly fulfilled its commitments regarding the asset restructuring and information disclosure, ensuring no false records or misleading statements[136]. - The company has maintained a commitment to transparency and accuracy in its financial disclosures and operational practices[136]. - The company has not reported any violations in the use of raised funds during the reporting period[83]. Shareholder Information - The total number of shares is 208,000,000, with 35.28% being limited shares and 64.72% being unrestricted shares[196]. - The cash dividend for 2015 represents 66.23% of the net profit attributable to the parent company, indicating a strong commitment to shareholder returns[132]. - The shareholder structure remains stable with no significant changes reported in the asset and liability structure[200]. - Major shareholder Wu Jianxin holds 33,693,750 shares, with 75% of his holdings locked[199].

Financial Performance - Operating revenue for the reporting period was ¥79,861,668.15, a decrease of 27.99% year-on-year[5] - Net profit attributable to shareholders was ¥3,835,253.22, down 66.50% compared to the same period last year[5] - Basic earnings per share for the reporting period was ¥0.02, reflecting a decline of 66.50% year-on-year[6] - The weighted average return on net assets was 0.41%, a decrease of 0.84 percentage points compared to the previous year[6] - Net cash flow from operating activities decreased by 24,242.63% year-on-year, primarily due to a decrease in cash received from sales of goods and services[14] - The estimated net profit attributable to shareholders for 2015 is expected to range from 16.145 million to 32.290 million RMB, representing a decrease of 40% to 70% compared to 2014's net profit of 53.8165 million RMB[20] - The decline in performance is attributed to a sluggish metallurgy industry, intense competition, and a decrease in product sales, along with low delivery volumes in the nuclear power sector[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,854[9] - The largest shareholder, Wu Jianxin, holds 21.59% of the shares, totaling 44,915,000 shares[9] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11] Cash Flow and Assets - Cash flow from operating activities was negative at -¥49,866,964.30 for the year-to-date period[5] - Cash and cash equivalents decreased by 42.03% compared to the beginning of the year, primarily due to payments for nuclear power supporting equipment and environmental protection equipment projects[13] - Prepayments increased by 63.76% compared to the beginning of the year, mainly due to increased procurement prepayments for raw materials and imported components[13] - Other receivables increased by 32.06% compared to the beginning of the year, primarily due to payments for business turnover funds and import goods deposits[13] - Construction in progress increased by 64.17% compared to the beginning of the year, mainly due to investments in nuclear power supporting equipment and environmental protection equipment projects[13] Investments and Financial Activities - Financial expenses increased by 76.35% year-on-year, primarily due to increased investments in guaranteed floating income bank financial products[14] - Net investment income increased by 62.49% year-on-year, mainly due to increased investment returns from guaranteed floating income bank financial products[14] - The company has not engaged in any securities investments during the reporting period[21] - There were no holdings in other listed companies during the reporting period[22] Major Asset Restructuring - The company is planning a major asset restructuring, which involves purchasing 100% equity of Wuxi Flange Forging Co., Ltd. through issuing shares and cash payments[15] - The restructuring plan has been approved by the board and is pending approval from the China Securities Regulatory Commission[15] - The company received a notice of acceptance from the China Securities Regulatory Commission regarding the asset purchase application[17] Corporate Governance and Communication - The company has committed to avoiding any business activities that compete with its own operations during the holding period of its shares and for three years after divesting all shares[19] - The company has been actively communicating with institutional investors regarding its production operations and major asset restructuring matters[23]

Financial Performance - The company's operating revenue for the first half of 2015 was ¥200,327,355.12, a decrease of 11.05% compared to ¥225,202,979.26 in the same period last year[19]. - The net profit attributable to shareholders was ¥17,169,027.13, down 41.77% from ¥29,484,394.87 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥13,342,445.25, representing a decline of 49.61% compared to ¥26,480,552.49 in the previous year[19]. - The basic earnings per share decreased to ¥0.08, down 41.77% from ¥0.14 in the same period last year[19]. - The company reported a total operating cash inflow of 220,943,731.23 CNY, which decreased to 236,713,149.37 CNY in the previous period[111]. - The total comprehensive income for the first half of 2015 was CNY 53,435,743.83, reflecting a decrease of CNY 5,343,574.38 compared to the previous period[129]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,286,033,125.88, an increase of 1.76% from ¥1,263,734,087.65 at the end of the previous year[19]. - The total liabilities increased to CNY 341,520,420.57, compared to CNY 325,990,409.47 at the beginning of the year, marking a rise of 4.5%[97]. - Owner's equity totaled CNY 944,512,705.31, slightly up from CNY 937,743,678.18 at the beginning of the year[98]. - The total liabilities at the end of the reporting period are not explicitly stated but can be inferred from the equity and asset figures[123]. Cash Flow - The net cash flow from operating activities was negative at -¥31,462,847.33, worsening from -¥28,197,681.48 in the same period last year[19]. - The company reported a significant increase in prepayments, which rose to CNY 20,703,385.30, up 35.2% from CNY 15,335,838.93[95]. - The total cash inflow from investment activities was 112,983,504.70 CNY, while cash outflow was 150,549,782.80 CNY, resulting in a net cash flow from investment activities of -37,566,278.10 CNY[112]. Dividends and Shareholder Returns - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The profit distribution to shareholders amounted to CNY -10,400,000.00, indicating a reduction in profit allocation[126]. - The company distributed a cash dividend of 0.50 yuan per 10 shares, totaling 10,400,000.00 yuan, approved at the 2014 annual general meeting[61]. Market and Industry Conditions - The company is facing challenges in the metallurgy industry due to weak market demand and intense competition, leading to a decline in product prices[60]. - The energy equipment sector is facing high production costs due to reliance on nuclear valve production capabilities, impacting overall profitability[26]. - The company emphasized the uncertainty of achieving future operational goals due to market conditions and other factors[6]. Research and Development - Research and development expenses increased by 42.89% to CNY 17.26 million, driven by the development of third and fourth generation nuclear power valves[29]. - The company has a strong R&D team of over 150 professionals, enhancing its competitive edge in the industry[38]. - The company has implemented a technology-driven strategy, focusing on market and customer needs for new product development[35]. Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards as per relevant laws and regulations[68]. - The company has not reported any violations regarding the use of raised funds during the reporting period[52]. - The company has not experienced any penalties or rectification issues during the reporting period[75]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 32,203[81]. - The largest shareholder, Wu Jianxin, holds 21.59% of the shares, totaling 44,915,000 shares[81]. - The total number of shares held by the top ten shareholders is 97,221,837 shares[89]. Financial Reporting and Audit - The half-year financial report has not been audited[74]. - The company has not reported any non-standard audit reports for the current reporting period[61]. - The financial statements were prepared based on the going concern assumption, indicating no significant issues affecting the company's ability to continue operations[139].

江苏神通阀门股份有限公司 2015 年第一季度报告（正文） 证券代码：002438 证券简称：江苏神通 公告编号：2015-022 江苏神通阀门股份有限公司 2015 年第一季度报告（正文） 第一节 重要提示 公司负责人吴建新、主管会计工作负责人张逸芳及会计机构负责人(会计主管人员)林冬香声明：保证 季度报告中财务报表的真实、准确、完整。 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 | 上年同期 | 本报告期比上年 同期增减（%） | | --- | --- | --- | --- | | 营业收入（元） | 104,613,002.80 | 107,366,230.09 | -2.56 | | 归属于上市公司股东的净利润（元） | 10,097,550.26 | 12,895,373.17 | -21.70 | | 归属于上市公司股东的扣除非经常性损益的 净利润（元） | 7,866,056.61 | 11,804,994.04 | -33.37 | | 经营活动产生的现金流量净额（元） ...