杭州巨星科技股份有限公司 2018 年第三季度报告正文 证券代码：002444 证券简称：巨星科技 公告编号：2018-044 杭州巨星科技股份有限公司 2018 年第三季度报告正文 1 杭州巨星科技股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人仇建平、主管会计工作负责人倪淑一及会计机构负责人(会计主 管人员)王凌毅声明：保证季度报告中财务报表的真实、准确、完整。 2 杭州巨星科技股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 √ 是 □ 否 追溯调整或重述原因 同一控制下企业合并 | | 本报告期末 | | | 上年度末 | | | 本报告期末比上年度 末增减 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 调整 ...

Financial Performance - The company achieved total operating revenue of CNY 2,197,534,530.40, representing a year-on-year increase of 32.62%[17]. - Net profit attributable to shareholders was CNY 320,250,181.20, up 28.42% compared to the same period last year[17]. - The net profit after deducting non-recurring gains and losses was CNY 314,273,874.63, reflecting a growth of 32.77% year-on-year[17]. - Basic earnings per share increased by 30.43% to CNY 0.30[17]. - The company reported a significant increase in revenue, achieving a total of 55.02 million yuan in the first half of 2018[75]. - The company reported a total profit amounted to CNY 391,502,785.52, an increase of 19.6% compared to CNY 327,472,143.55 in the previous year[133]. - The company experienced a decrease in financial expenses, reporting a net financial income of CNY -48,658,934.97, compared to CNY 32,134,850.23 in the previous year[133]. - The company’s total comprehensive income for the period was 172,024,000 CNY, reflecting a significant increase from the previous period[155]. Revenue Breakdown - The tools and hardware business generated sales revenue of CNY 188,819 million, growing by 28.63% year-on-year[35]. - Revenue from the tools and hardware segment was ¥1,888,191,308.52, accounting for 85.92% of total revenue, with a year-on-year growth of 28.63%[42]. - Revenue from smart equipment surged to ¥303,601,627.18, which is 13.82% of total revenue, marking a significant increase of 65.30% year-on-year[42]. - International sales contributed ¥2,101,638,547.54, representing 95.64% of total revenue, with a year-on-year growth of 32.18%[42]. - Domestic sales increased to ¥90,154,388.16, accounting for 4.10% of total revenue, reflecting a growth of 46.32% compared to the previous year[42]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,020,842,258.27, a 0.84% increase from the end of the previous year[17]. - The company reported a total liability of CNY 1,601,769,241.81, down from CNY 1,851,858,585.53, a decrease of approximately 13.5%[125]. - The company's total liabilities at the end of the current period were CNY 2,845.1 million[149]. - The total equity of the company at the end of the reporting period was 5,602,714,000 CNY, showing a decrease of 1,485,900 CNY compared to the previous period[154]. Cash Flow - The net cash flow from operating activities decreased by 49.29% to CNY 89,569,564.41[17]. - The cash flow from operating activities showed a net decrease of 49.29%, primarily due to increased operational costs following the acquisition of Arrow[40]. - The net cash flow from operating activities for the first half of 2018 was ¥89,569,564.41, a decrease of 49.3% compared to ¥176,632,271.38 in the same period of 2017[141]. - The net cash flow from investing activities was -¥818,253,410.24, an improvement from -¥1,014,207,059.96 in the previous year[142]. - The ending balance of cash and cash equivalents was ¥1,195,568,859.11, down from ¥1,610,780,911.44 at the end of the previous year[142]. Investments and Acquisitions - The company completed the acquisition of European high-end professional storage solutions provider Lista for CNY 1.2 billion, enhancing its product chain and European manufacturing service system[36]. - The company approved the acquisition of 100% equity in Lista Holding AG from Capvis General Partner II Ltd for a total transaction price of 184.5 million Swiss Francs, equivalent to approximately 1.1972 billion RMB[96]. - The company also approved the acquisition of 100% equity in Hangzhou Lianhe Machinery Co., Ltd. from Hangzhou Juxing Precision Machinery Co., Ltd. for an amount of 9,163,203.62 RMB[96]. Research and Development - Research and development investment amounted to CNY 68,410,186.27, reflecting a 43.38% increase from the previous year[40]. - The company launched 639 new products during the reporting period, with R&D expenditure of CNY 6,841,000, up 43% year-on-year[29]. Market Expansion - The company continues to strengthen its position as a global leader in tools and hardware while accelerating the development of smart products, including laser measuring instruments[25]. - The company established a North American distribution network through the integration of Arrow Fastener Co., ensuring local service for major clients like LOWES and WALMART[35]. - Approximately 65% of the company's sales revenue comes from exports to the United States, exposing it to risks from increased tariffs due to international trade tensions[63]. - The company plans to accelerate international development by establishing overseas manufacturing bases to mitigate risks associated with trade disputes[63]. Shareholder Information - The total number of shares before the change was 1,075,247,700, with 94.10% being unrestricted shares[102]. - The largest shareholder, Juxing Holdings Group, holds 44.99% of the shares, totaling 483,739,864 shares[109]. - The second-largest shareholder, Qiu Jianping, holds 5.66% of the shares, totaling 60,884,300 shares[109]. - Total number of common shareholders at the end of the reporting period is 53,548[108]. Compliance and Governance - The financial report for the first half of 2018 was not audited[73]. - The company has not faced any penalties or corrective actions during the reporting period[77]. - The company has not distributed cash dividends or bonus shares for the half-year period[68]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[81].

Financial Performance - The company's operating revenue for Q1 2018 was ¥885,156,075.83, representing an increase of 18.45% compared to ¥747,265,681.46 in the same period last year[8] - The net profit attributable to shareholders for Q1 2018 was ¥116,511,170.98, up 10.04% from ¥105,884,971.38 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥113,323,794.18, reflecting a 13.16% increase from ¥100,146,968.32 in the previous year[8] - The net cash flow from operating activities was ¥135,439,457.39, which is a 4.87% increase compared to ¥129,149,898.96 in the same period last year[8] - The basic earnings per share for Q1 2018 was ¥0.11, up 10.00% from ¥0.10 in the same period last year[8] - The weighted average return on net assets was 1.94%, an increase of 0.08% compared to 1.86% in the previous year[8] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,572,529,795.00, a decrease of 4.41% from ¥7,921,800,765.88 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥6,045,678,166.88, an increase of 1.35% from ¥5,965,435,105.11 at the end of the previous year[8] Financial Changes - Financial expenses increased by 1905.66% year-on-year, primarily due to exchange rate fluctuations affecting foreign exchange gains and losses[16] - Investment income increased by 778.52% year-on-year, mainly due to the increase in investment income recognized under the equity method for long-term equity investments[16] Future Outlook - The net profit attributable to shareholders for the first half of 2018 is expected to increase by 10.00% to 25.00%, ranging from 27,627.47 to 31,394.85 thousand yuan compared to 25,115.88 thousand yuan in the same period of 2017[20] - The company anticipates steady growth in sales driven by an active market expansion strategy, which is expected to enhance future operating performance[20] Financial Assets - The fair value of financial assets includes an initial investment of 40,341,421 yuan, with a current fair value gain of 807,902.90 yuan, resulting in a total amount of 49,332,643.13 yuan at the end of the reporting period[22]

Financial Performance - The company's operating revenue for 2017 was CNY 4,280,610,146.07, representing an increase of 18.80% compared to CNY 3,603,322,860.32 in 2016[18]. - The net profit attributable to shareholders for 2017 was CNY 549,823,084.30, a decrease of 11.55% from CNY 621,638,358.26 in 2016[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 551,840,093.13, down 19.35% from CNY 684,205,606.87 in 2016[18]. - The net cash flow from operating activities was CNY 449,589,757.90, a decline of 26.01% compared to CNY 607,669,056.25 in 2016[18]. - The total assets at the end of 2017 were CNY 7,921,800,765.88, an increase of 11.69% from CNY 7,092,735,710.44 at the end of 2016[19]. - The net assets attributable to shareholders at the end of 2017 were CNY 5,965,435,105.11, up 6.03% from CNY 5,625,949,983.85 at the end of 2016[19]. - The basic earnings per share for 2017 was CNY 0.51, a decrease of 12.07% from CNY 0.58 in 2016[18]. - The weighted average return on net assets for 2017 was 9.49%, down from 11.92% in 2016, a decrease of 2.43%[18]. Revenue Segmentation - The hardware tools segment generated revenue of 3.7992478 billion CNY, growing by 14.61%[29]. - The smart products segment saw revenue of 473.6619 million CNY, marking a significant increase of 65.85%[30]. - The hardware tools segment generated revenue of 3,799,247,780.01 CNY, accounting for 88.75% of total revenue, with a year-on-year growth of 14.61%[45]. - The smart products segment saw revenue of 473,661,883.48 CNY, representing 11.07% of total revenue, with a significant year-on-year increase of 65.85%[45]. Investments and Acquisitions - The company invested 126.6927 million CNY in R&D, an increase of 35.81%, and designed 1,706 new products, up 31.13%[33]. - The acquisition of the well-known tool brand ARROW was completed, enhancing the company's brand portfolio and international influence[29]. - The company established new subsidiaries in Japan and the US, further expanding its international presence[35]. - The company acquired Arrow Fastener Co., LLC on July 1, 2017, for a total cost of ¥867,606,648.28, achieving 100% ownership, with the acquired company generating revenue of ¥263,684,534.42 and a net profit of ¥47,868,739.67 during the period[52]. - The company has invested ¥5,000,000.00 in Hangzhou Meiqi Technology Co., Ltd., acquiring a 31.25% stake[69]. - The company has also completed the acquisition of Arrow Fastener Co., LLC, with a total investment of ¥867,600,000.00 for a 100% stake[69]. Cash Flow and Financial Management - Operating cash inflow totaled ¥4,501,485,148.13, a 17.16% increase from the previous year, while operating cash outflow rose by 25.27% to ¥4,051,895,390.23, resulting in a net cash flow from operating activities of ¥449,589,757.90, down 26.01%[59]. - The company reported a significant increase in investment activity, with cash inflow from investment activities rising by 45.55% to ¥2,222,955,549.28, while cash outflow increased by 73.15% to ¥3,252,319,454.93, leading to a net cash outflow of ¥1,029,363,905.65[59]. - The total amount of unused fundraising funds is 16,106.43 million RMB, which includes 6,769.30 million RMB from interest income and 9,337.13 million RMB from project implementation[81]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[7]. - The net profit attributable to ordinary shareholders for 2017 was 549,823,084.30 CNY, with a cash dividend distribution rate of 0.00%[103]. - The company did not distribute profits in 2017, with retained earnings carried forward to the next year[101]. - The company’s retained earnings for 2017 were positive, but no cash dividend distribution proposal was made[101]. Strategic Focus and Future Plans - The company aims to maintain stable growth in the hardware tool business, targeting a double-digit growth rate[90]. - The company plans to enhance its sales network in North America and Europe while entering emerging markets in South America, Asia, and Africa to drive new growth[90]. - The company will continue to invest in its own brand and acquire well-known hardware tool brands to increase brand awareness and sales proportion[90]. - The company is committed to developing smart products, including laser measurement tools and logistics robots, to establish a comprehensive smart product ecosystem[91]. - The company plans to create the largest global manufacturing base for laser measurement products and expand its smart home product sales[91]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations[178]. - The company’s board of directors has established four specialized committees: strategy and development, compensation and assessment, nomination, and audit[178]. - The company has a transparent information disclosure system, ensuring all investors have equal access to information[180]. - The company has not faced any significant discrepancies between its governance practices and the regulatory standards set by the China Securities Regulatory Commission[181]. Employee and Management Structure - The total number of employees in the company is 4,862, with 970 in the parent company and 3,892 in major subsidiaries[172]. - The company has a total compensation for directors and senior management amounting to 736.21 million CNY[171]. - The average salary of employees in 2017 exceeded the provincial average salary standard in Zhejiang[173]. - The company has a diverse management team with a mix of engineering and financial expertise among its executives[161]. Risks and Challenges - The company faces risks from currency fluctuations, particularly due to a significant portion of revenue coming from exports, and will balance domestic and international market strategies[94]. - Rising labor costs are a concern, prompting the company to invest in automation to improve productivity and reduce costs[94]. - The company is addressing the risk of increasing raw material prices by adjusting product structures and focusing on innovative products to maintain gross profit margins[94]. - Trade tensions, particularly with the U.S., pose risks, and the company is prepared to adjust product structures and increase local production in the U.S. if necessary[94].

Financial Performance - Operating revenue for the reporting period was ¥1,445,115,120.14, representing a year-on-year growth of 33.62%[8] - Net profit attributable to shareholders was ¥173,355,259.50, a decrease of 21.41% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥215,358,156.95, down 6.58% year-on-year[8] - Basic earnings per share for the reporting period was ¥0.16, a decline of 20.00% compared to the same period last year[8] - The weighted average return on net assets was 2.97%, down 1.05% from the previous year[8] - The net cash flow from operating activities was ¥164,145,620.82, a decrease of 19.18% compared to the same period last year[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 58,329[12] - The largest shareholder, Juxing Holdings Group Co., Ltd., held 44.54% of the shares, totaling 478,960,440 shares[12] Strategic Developments - The company reported no significant changes in its strategy regarding mergers and acquisitions or new product developments during the reporting period[15] - The company completed the acquisition of Arrow Fastener Co., LLC, which was approved by the board and shareholders, and included in the consolidated financial statements[18] Asset Changes - Total assets at the end of the reporting period reached ¥8,243,891,987.63, an increase of 16.23% compared to the end of the previous year[8] - The company reported a 33.40% decrease in financial assets measured at fair value, dropping from ¥62,472,485.89 to ¥41,607,555.71[16] - Accounts receivable increased by 43.20%, rising from ¥782,306,221.44 to ¥1,120,226,778.09 due to seasonal sales[16] - Inventory surged by 63.90%, increasing from ¥476,141,258.29 to ¥780,385,806.67 as the company prepared for sustained sales growth[16] - Intangible assets rose significantly by 447.11%, from ¥123,403,479.16 to ¥675,150,261.80, primarily due to the acquisition of Arrow[16] - The company reported a significant increase in construction in progress by 524.20%, from ¥2,377,467.24 to ¥14,840,086.55[16] Financial Liabilities - Long-term borrowings increased to ¥477,960,000.00, marking a 100.00% rise as the company secured additional bank loans[16] - The company experienced a 256.76% increase in financial expenses due to foreign exchange losses, totaling ¥80,865,062.57[16] Expense Changes - Sales expenses increased by 57.73%, from ¥116,134,892.09 to ¥183,176,296.38, driven by higher transportation and advertising costs[16] Future Expectations - The company expects a net profit attributable to shareholders for 2017 to range between ¥55,947.46 million and ¥74,596.61 million, reflecting a change of -10.00% to 20.00% compared to the previous year[21]

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,657,058,306.32, representing a 5.73% increase compared to CNY 1,567,298,293.80 in the same period last year[20]. - The net profit attributable to shareholders was CNY 251,158,757.99, up 4.50% from CNY 240,342,041.64 year-on-year[20]. - The net profit after deducting non-recurring gains and losses decreased by 11.64% to CNY 238,481,557.14 from CNY 269,907,347.89 in the previous year[20]. - The net cash flow from operating activities increased by 47.25% to CNY 175,056,701.80, compared to CNY 118,883,733.51 in the same period last year[20]. - The total assets at the end of the reporting period were CNY 7,603,009,227.78, a 7.19% increase from CNY 7,092,735,710.44 at the end of the previous year[20]. Revenue Segments - The sales revenue from the tools and hardware segment was CNY 146,794.45 million, showing a slight increase of 0.02% year-on-year[28]. - The smart equipment segment achieved sales revenue of CNY 18,367.15 million, marking a significant growth of 86.95% compared to the previous year[28]. - The company's total revenue for the first half of 2017 reached 1,657.06 million yuan, representing a year-on-year growth of 5.73%[38]. - The revenue from the smart products segment increased by 86.95%, contributing to the overall revenue growth[46]. Investments and Acquisitions - The company plans to enhance its brand channel advantages through the acquisition of Arrow, a major international nail gun tool manufacturer[28]. - The acquisition of Arrow, a century-old tool brand, was completed for 860 million yuan, enhancing the company's North American product chain and service system[40]. - The company completed the acquisition of 30.18% stake in Hangzhou Micro-Nano Technology Co., Ltd. for CNY 7,484.6 million[56]. - The company has invested CNY 19,825 million to acquire 65% of Changzhou Huada Kejie Optoelectronic Instrument Co., Ltd., achieving 100% investment progress[66]. - The company plans to use CNY 309.31 million of the remaining funds for the acquisition of 100% equity in Arrow Fastener Co., LLC, with a total investment of USD 125 million[69]. Research and Development - The company developed 873 new products during the reporting period, marking an 87% increase compared to the previous year[39]. - The company’s research and development investment reached 47.71 million yuan, reflecting a 22% increase year-on-year[32]. - The R&D expenditure for new products was approximately CNY 62.41 million, reflecting a commitment to innovation[165]. Financial Position - The company's overseas assets in Hong Kong amounted to 1.799 billion yuan, accounting for 9.86% of the company's net assets[30]. - The company's intangible assets grew by 6.70% year-on-year, while construction in progress surged by 361.49% due to new engineering equipment not yet transferred to fixed assets[29]. - The total amount of raised funds is CNY 278,261.15 million, with CNY 22,780.53 million invested during the reporting period[61]. - The total amount of raised funds repurposed is CNY 30,931.06 million, accounting for 23.50% of the cumulative raised funds[62]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 54,547[120]. - The largest shareholder, Juxing Holdings Group, holds 44.54% of the shares, totaling 478,960,440 shares[120]. - The second-largest shareholder, Qiu Jianping, holds 5.66% of the shares, totaling 60,884,300 shares[120]. Legal and Compliance - There were no significant litigation or arbitration matters during the reporting period[91]. - The company has made commitments regarding competition and related party transactions, which are being strictly adhered to[87]. - The half-year financial report has not been audited[88]. Market and Operational Strategy - The company faces risks from exchange rate fluctuations and rising labor costs, and plans to enhance its competitiveness by investing in automation[80]. - The company has stable growth in sales due to active market expansion strategies[79]. - The company plans not to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the half-year period[84]. Financial Reporting and Accounting - The financial report for the first half of 2017 was not audited, which may affect the reliability of the reported figures[134]. - The company adheres to the enterprise accounting standards, ensuring the financial statements reflect its financial position accurately[177]. - The company’s financial statements are prepared based on the assumption of continuous operation[175].

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 1,657,058,306.32, representing a 5.73% increase compared to CNY 1,567,298,293.80 in the same period last year[18]. - The net profit attributable to shareholders was CNY 251,158,757.99, up 4.50% from CNY 240,342,041.64 year-on-year[18]. - The net profit after deducting non-recurring gains and losses decreased by 11.64% to CNY 238,481,557.14 from CNY 269,907,347.89 in the previous year[18]. - The net cash flow from operating activities increased by 47.25% to CNY 175,056,701.80, compared to CNY 118,883,733.51 in the same period last year[18]. - The total assets at the end of the reporting period were CNY 7,603,009,227.78, a 7.19% increase from CNY 7,092,735,710.44 at the end of the previous year[18]. - The company achieved total operating revenue of 1,657.06 million yuan, representing a year-on-year increase of 5.73%[36]. - Net profit reached 255.88 million yuan, up 4.26% year-on-year, with net profit attributable to shareholders of the listed company at 251.16 million yuan, a 4.50% increase[36]. Segment Performance - The sales revenue from the tools and hardware segment was CNY 146,794.45 million, showing a slight increase of 0.02% year-on-year[26]. - The smart equipment segment achieved sales revenue of CNY 18,367.15 million, marking a significant growth of 86.95% compared to the previous year[26]. - The company's gross profit margin for the smart equipment segment was 35.28%, reflecting an increase of 2.18% year-over-year[45]. - Revenue from the smart equipment segment surged by 86.95% to ¥183,671,505.70, compared to ¥98,244,758.57 in the previous year[45]. Research and Development - The company developed 873 new products during the reporting period, marking an 87% year-on-year growth in R&D efforts, with R&D investment totaling 47.71 million yuan, a 22% increase[30]. - Research and development expenses increased by 22.07% to ¥47,710,886.75 from ¥39,085,615.94 in the same period last year[41]. - The company holds 869 patents, including 64 invention patents and 61 international patents, showcasing its commitment to innovation and technology[30]. Investments and Acquisitions - The company successfully acquired the American tool brand Arrow for 860 million yuan, enhancing its North American product chain and service system[38]. - The company has signed a contract with Fortune 500 company Staples, becoming its sole supplier for global warehouse automation[26]. - The company plans to use USD 125 million (including CNY 309.31 million from fundraising) to acquire 100% equity of Arrow Fastener Co., LLC from Masco Corporation[69]. - The company has completed the acquisition of 65% equity in Changzhou Huada Kejie Optoelectronic Instrument Co., Ltd., with an investment of CNY 19,825 million[64]. Cash Flow and Liquidity - The company's cash and cash equivalents decreased by 190.09%, resulting in a net decrease of -¥789,151,394.22[41]. - The proportion of cash and cash equivalents to total assets decreased by 11.18%, from 38.20% to 27.02%[48]. - The ending balance of cash and cash equivalents was CNY 1,609,166,015.98, down from CNY 2,276,919,592.93, showing a significant reduction in liquidity[152]. - Total cash and cash equivalents decreased by CNY 789,151,394.22 during the period, contrasting with an increase of CNY 875,946,349.91 in the previous period[152]. Market and Sales Strategy - The company’s international sales orders increased by 10.5% year-on-year, reflecting strong demand in emerging markets[37]. - The company’s e-commerce sales experienced explosive growth, leveraging its supply chain and product advantages to expand both domestic and international markets[38]. - The company plans to expand its market presence and invest in new product development to drive future growth[144]. Operational Risks and Challenges - The company faces significant operational risks, including exchange rate fluctuations, as a large portion of its revenue comes from export sales[78]. - Rising labor costs in China are impacting product costs, prompting the company to invest in automation to enhance productivity and competitiveness[78]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period was 54,547[118]. - The largest shareholder, Giant Star Holdings Group, held 44.54% of the shares, totaling 478,960,440 ordinary shares[118]. - The company reported a profit distribution of CNY 4,770.00 million to shareholders, with no changes in the retained earnings[158]. Financial Reporting and Compliance - The half-year financial report has not been audited[86]. - The company adheres to the accounting standards for enterprises, ensuring that financial reports accurately reflect its financial position, operating results, and cash flows[174]. - 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[172]. Miscellaneous - The company has not encountered any significant changes in the feasibility of the projects or any major asset or equity sales during the reporting period[72][73]. - There were no media inquiries or public doubts regarding the company during the reporting period[90]. - The company did not engage in any related party transactions during the reporting period[94][95][96][97][98].

杭州巨星科技股份有限公司 2017 年第一季度报告正文 证券代码：002444 证券简称：巨星科技 公告编号：2017-018 杭州巨星科技股份有限公司 2017 年第一季度报告正文 1 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 杭州巨星科技股份有限公司 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。 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 仇建平 | 董事长 | 因公出差 | 徐筝 | 公司负责人仇建平、主管会计工作负责人倪淑一及会计机构负责人(会计主 管人员)孟皓声明：保证季度报告中财务报表的真实、准确、完整。 2 杭州巨星科技股份有限公司 2017 年第一季度报告正文 第二节 公司基本情况 □ 是 √ 否 | | 本报告期 | 上年 ...

Financial Performance - The company's operating revenue for 2016 was CNY 3,603,322,860.32, representing a 13.44% increase compared to CNY 3,176,484,532.78 in 2015[18] - The net profit attributable to shareholders for 2016 was CNY 621,638,358.26, a 29.54% increase from CNY 479,870,336.03 in the previous year[18] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 684,205,606.87, up 45.07% from CNY 471,630,274.00 in 2015[18] - The net cash flow from operating activities was CNY 607,669,056.25, reflecting a 20.79% increase compared to CNY 503,063,581.23 in 2015[18] - The total assets at the end of 2016 amounted to CNY 7,092,735,710.44, a 28.36% increase from CNY 5,525,823,030.87 at the end of 2015[19] - The net assets attributable to shareholders increased by 39.86% to CNY 5,625,949,983.85 from CNY 4,022,629,750.86 in 2015[19] - Basic earnings per share for 2016 were CNY 0.58, up 23.40% from CNY 0.47 in 2015[18] - The company achieved total revenue of CNY 360,332.29 million in 2016, representing a year-on-year growth of 13.44%[38] - Net profit reached CNY 63,184.02 million, with a year-on-year increase of 31.30%, and net profit attributable to shareholders was CNY 62,163.84 million, up 29.54%[38] Dividend Distribution - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, totaling CNY 107,524,770.00 based on the current share base[6] - The cash dividend for 2015 was also 107,524,770 yuan, representing 22.41% of the net profit attributable to shareholders[111] - In 2014, the cash dividend was 202,800,000 yuan, which accounted for 41.74% of the net profit attributable to shareholders[111] - The total number of shares for the dividend distribution is 1,075,247,700 shares[112] - The company’s distributable profits for the year amount to 1,874,590,362.21 yuan[112] - The cash dividend distribution plan is consistent with the company's articles of association and has been approved by the board[108] - The cash dividend represents 100% of the profit distribution for the year[112] - The company has maintained a stable cash dividend policy over the past three years[109] Research and Development - The company designed 1,301 new products during the reporting period, reflecting an 8.4% year-on-year increase in innovation[31] - R&D investment amounted to CNY 93.28 million, representing a 25.49% increase from the previous year[31] - Research and development investment increased by 25.49% to CNY 93,284,569.40, representing 2.59% of total revenue, with 1,301 new products developed during the year[59] - The total number of R&D personnel increased to 657, with R&D personnel accounting for 14.29% of the workforce, a decrease of 1.48% from the previous year[59] - Investment in R&D increased by 30%, totaling 200 million RMB, focusing on innovative technologies and product development[174] Market Expansion and Sales - The company has established strong partnerships with major global retailers, enhancing its market presence in North America and Europe[32] - The company successfully acquired international brands PONY and JORGENSEN, increasing its market share and competitiveness[33] - The company reported a significant increase in sales volume for smart equipment, with a 420% rise in sales to 685,132 units[47] - The tools and hardware business accounted for 92.00% of total revenue, generating CNY 3,315,005.31 million, with a growth of 6.51% compared to the previous year[44] - The smart equipment segment saw a remarkable growth of 356.77%, contributing CNY 285,602.12 million to total revenue[44] - Domestic sales in sectors such as rail transit and new energy vehicles showed significant breakthroughs, enhancing market share[39] - The company established new e-commerce platforms, with the vertical e-commerce site Toolmall achieving a 147% increase in brand presence, reaching 126 brands by the end of 2016[39] - The company plans to enhance its R&D capabilities and increase investment in e-commerce platforms to expand sales channels[94] - The company aims to increase its self-owned brand sales proportion significantly, enhancing brand recognition and value[96] - The company is actively expanding its presence in the domestic market, particularly in industries like new energy vehicles and petrochemicals[96] Acquisitions and Investments - The company acquired Prim' Tools Limited for CNY 164,393,248.28, gaining 100% control, and reported a net profit contribution of CNY 14,466,166.02 from this acquisition[51] - The acquisition of PT Company, a leader in high-end laser measurement tools, strengthened the company's product chain and international competitiveness[41] - The company completed a significant equity investment in PRIM'TOOLS LIMIT, acquiring 100% ownership for ¥3,248.2 million[71] - The company has plans for market expansion through the acquisition of 100% equity in Prim'Tools Limited for 2,268.60 million euros[82] - The company completed the acquisition of 100% equity in Prim'Tools Limited for 22.686 million EUR, with an additional 6.3 million EUR for capital increase[86] Financial Management - The company reported a significant increase in financial expenses, which rose by 136.56% due to foreign exchange fluctuations, resulting in a loss of CNY 131,793,793.07[57] - The company’s cash and cash equivalents rose to CNY 2,709,714,765.00, representing 38.20% of total assets, an increase of 3.92% from the previous year[63] - The company reported no overdue principal or income during the reporting period, indicating effective financial management[142] - There are no plans for future entrusted financial management, suggesting a focus on internal capital management[142] - The company has not engaged in any entrusted loans during the reporting period, reflecting a conservative financial strategy[143] Corporate Governance - The board of directors consists of nine members, including three independent directors, complying with legal requirements[186] - The governance structure is in compliance with the requirements set by the China Securities Regulatory Commission[184][191] - The company has committed to maintaining transparency in information disclosure, ensuring all investors have equal access to company information[191] - The company maintains complete operational independence from its controlling shareholder, with no competition in the same industry[192] - The company has established an independent financial department, ensuring no interference from the controlling shareholder in financial activities[196] Future Outlook - The company aims for a 15% increase in both sales revenue and net profit in 2017 compared to 2016[99] - The company plans to enhance its cross-border e-commerce sales model by collaborating with platforms like Amazon, eBay, and Alibaba[98] - The company is focusing on developing logistics robots, security robots, and laser radar products to expand its product line and increase profitability[98] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[173] - Future guidance indicates a projected revenue growth of 12% for 2017, driven by new product launches and market expansion efforts[166] Employee Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 6.4276 million CNY[177] - The company employed a total of 4,599 staff, with 3,026 in production, 326 in sales, 657 in technical roles, 87 in finance, and 503 in administration[178][179] - The average salary for employees in 2016 exceeded the provincial average salary standard for Zhejiang[180] - A total of 40 training sessions were organized, totaling 3,080 hours, with 747 participants in 2016[181] - The company has established a comprehensive performance evaluation system linking employee income to work performance[189]