Financial Performance - The company's operating revenue for the first half of 2019 was ¥1,004,936,831.60, representing a 10.04% increase compared to ¥913,219,776.91 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 7.08% to ¥72,720,472.36 from ¥78,262,589.22 year-on-year[18]. - The basic earnings per share decreased by 11.11% to ¥0.08 from ¥0.09 in the same period last year[18]. - The weighted average return on net assets was 2.77%, down from 3.21% in the previous year[18]. - The company reported a significant decline in investment amounting to ¥9.92 million, a decrease of 97.64% compared to ¥420.94 million in the same period last year[44]. - The company reported a total revenue of 2,180.99 million in the first half of 2019, with a projected annual revenue of 7,000 million[72]. - The company recorded a net profit of 493.74 million for the same period, with an annual target of 1,500 million[72]. - The net profit attributable to shareholders was 282.23 million yuan, a decrease of 28.2% year-on-year[149]. - The earnings per share (EPS) for the first half of 2019 was 2.38 yuan, down from 3.96 yuan in the same period last year[149]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, reaching -¥5,119,570.80, a 97.25% increase compared to -¥185,939,239.11 in the previous year[18]. - The total assets at the end of the reporting period were ¥5,961,222,650.18, up 3.42% from ¥5,764,193,127.64 at the end of the previous year[18]. - The cash and cash equivalents decreased to CNY 454,881,906.48, down 5.2% from CNY 479,798,964.30[117]. - The ending balance of cash and cash equivalents was CNY 320,700,342.48, down from CNY 780,069,652.97 at the end of the first half of 2018[138]. - The total assets of the company reached CNY 5,336,157,614.69 in the first half of 2019, compared to CNY 4,954,429,549.24 in the same period of 2018, reflecting an increase of 7.7%[125]. - Current assets totaled CNY 2,881,830,875.32 as of June 30, 2019, an increase of 4.76% from CNY 2,750,856,539.25 as of December 31, 2018[118]. Liabilities and Equity - Total liabilities amounted to CNY 3,261,249,056.10, an increase of 4.14% from CNY 3,131,484,358.17[120]. - The company's total equity attributable to shareholders increased to CNY 2,658,065,112.23, up 2.56% from CNY 2,591,761,897.19[120]. - The total liabilities of the company were reported at 1.1 billion yuan, indicating a stable leverage position[150]. - The total owner's equity at the beginning of the year was 1,965,211 million yuan, showing a significant growth trajectory[155]. Business Segments and Revenue Sources - The mold business segment generated revenue of RMB 649,346,720.30, up 6.88% year-on-year, with a total of new orders signed amounting to RMB 624 million[31]. - The stamping parts business segment reported revenue of RMB 291,767,306.69, reflecting a significant increase of 25.33% year-on-year, despite a slight decline in gross margin due to overall industry downturn[31]. - Domestic revenue accounted for 84.76% of total revenue, increasing by 26.00% year-on-year, while international revenue decreased by 35.42%[36]. Risks and Challenges - The company faces risks including economic cycle adjustments, market risks, and potential bad debts from accounts receivable[6]. - The company faces risks related to economic cycles affecting the automotive mold industry, which is closely tied to macroeconomic conditions[53]. - The company is exposed to foreign exchange risks due to its export business, which is primarily settled in USD or EUR[55]. Strategic Initiatives - The company emphasizes increasing R&D investment to enhance product quality and competitiveness in a highly competitive market[53]. - The company is focusing on expanding its market presence through strategic partnerships and investments in technology[71]. - The company is committed to continuous product development and technological innovation to enhance its competitive edge in the market[71]. - The company plans to expand its market presence and invest in new product development in the upcoming quarters[153]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 70,615[101]. - The largest shareholder, Ningbo Yidao Investment Management Center (Limited Partnership), holds 5.27% of the shares, totaling 48,519,310 shares[102]. - The second-largest shareholder, Hu Jingsheng, holds 4.90% of the shares, totaling 45,144,546 shares[102]. Compliance and Governance - The company has not conducted an audit for the half-year financial report[63]. - The company has no significant litigation or arbitration matters during the reporting period[65]. - The company has no penalties or rectification situations during the reporting period[67]. - The company has committed to avoiding competition with its controlling shareholders and related parties[61]. Environmental and Social Responsibility - The company has established an ISO 14001 environmental management system and achieved a 100% compliance rate for major pollutant emissions[90]. - The company has not conducted any targeted poverty alleviation work or plans for the future[92].

Revenue and Profitability - Revenue for Q1 2019 was CNY 386,449,923.62, an increase of 10.67% compared to CNY 349,184,474.49 in the same period last year[8] - The company's net profit for Q1 2019 was not explicitly stated, but the increase in operating revenue indicates potential growth in profitability[34] - The net profit for Q1 2019 was CNY 23,433,991.08, down 6.5% from CNY 25,074,060.35 in Q1 2018[36] - The total profit for Q1 2019 was CNY 21,521,884.60, a decrease of 9.5% compared to CNY 23,797,010.35 in the previous year[36] - The company's basic and diluted earnings per share for Q1 2019 were both CNY 0.026, down from CNY 0.029 in Q1 2018[37] Operating Activities - Net cash flow from operating activities improved by 83.27%, reaching -CNY 25,483,918.96 compared to -CNY 152,282,808.85 in the previous year[8] - The cash flow from operating activities was CNY 361,027,637.99 in Q1 2019, compared to CNY 242,263,365.15 in the same period last year, showing an increase of 49.0%[43] - Total cash inflow from operating activities was 424,622,744.82 CNY, compared to 286,354,125.47 CNY in the previous year, indicating a year-over-year increase of approximately 48.3%[44] - Cash outflow from operating activities totaled 450,106,663.78 CNY, slightly higher than 438,636,934.32 CNY in the previous year, resulting in a net cash flow decrease[44] - The company’s cash inflow from sales of goods and services was 181,920,996.09 CNY, slightly up from 180,147,059.73 CNY in the previous year[48] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,778,051,548.19, a slight increase of 0.24% from CNY 5,764,193,127.64 at the end of the previous year[8] - Total current assets slightly increased to ¥2,770,939,687.13 from ¥2,750,856,539.25, reflecting a growth of about 0.7%[26] - The total liabilities decreased slightly to CNY 3,114,559,621.33 from CNY 3,131,484,358.17, a reduction of 0.5%[28] - The total assets increased to CNY 5,001,600,437.28 from CNY 4,954,429,549.24, reflecting a growth of 0.9%[33] - Accounts receivable increased to CNY 818,276,819.76 from CNY 756,875,927.56, reflecting a growth of 8.1%[30] Expenses - The company reported a significant increase in sales expenses by 32.47% to CNY 13,520,894.59, attributed to increased mold debugging costs after project acceptance[14] - Financial expenses surged by 146.31% to CNY 27,634,186.81, primarily due to increased long-term borrowings for the acquisition of Zhejiang Shikong Energy Technology Co., Ltd.[14] - Total operating costs for Q1 2019 were CNY 401,218,911.94, up 12.4% from CNY 356,905,823.88 in Q1 2018[34] - The company reported a significant increase in research and development expenses to CNY 21,238,574.79, up from CNY 19,963,462.43, indicating a focus on innovation[34] - Research and development expenses increased to CNY 11,378,362.19 in Q1 2019, compared to CNY 10,679,584.55 in Q1 2018, reflecting a growth of 6.5%[39] Cash Flow and Investments - The net cash flow from investing activities was 5,867,314.73 CNY, a significant recovery from -76,835,526.85 CNY in the previous year[45] - Cash inflow from financing activities was 113,527,286.07 CNY, compared to 205,925,627.12 CNY in the previous year, reflecting a decrease of approximately 44.8%[45] - The total cash outflow from financing activities was 224,455,702.25 CNY, up from 185,723,128.52 CNY in the previous year, indicating increased financial obligations[45] - The company recorded investment income of CNY 32,686,081.77 in Q1 2019, up from CNY 30,395,112.62 in Q1 2018, representing an increase of 7.5%[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 71,739, with the top ten shareholders holding a combined 20.55% of the shares[10] - The company reported no violations regarding external guarantees during the reporting period[18] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[19] - The company has not engaged in any research, communication, or interview activities during the reporting period[20]

Financial Performance - The company's operating revenue for 2018 was ¥2,226,508,845.05, representing a 15.29% increase compared to ¥1,931,197,573.37 in 2017[18]. - The net profit attributable to shareholders for 2018 was ¥212,150,156.13, a significant increase of 127.48% from ¥93,262,132.54 in 2017[18]. - The net profit after deducting non-recurring gains and losses was ¥208,880,007.68, up 153.69% from ¥82,337,922.52 in 2017[18]. - The basic earnings per share for 2018 was ¥0.24, an increase of 118.18% from ¥0.11 in 2017[18]. - The company reported a negative net cash flow from operating activities of ¥260,556,493.12, a decline of 294.02% compared to a positive cash flow of ¥134,292,646.32 in 2017[18]. - The company achieved a total operating revenue of CNY 2,226,508,845.05 in 2018, representing a year-on-year growth of 15.29%[39]. - The net profit attributable to shareholders reached CNY 21,215.02 million, a significant increase of 127.48% compared to the previous year[39]. - The company reported a net profit available to ordinary shareholders of CNY 519,050,210.44, with a cash dividend distribution plan of CNY 27,625,533.96, representing 100% of the total profit distribution[103]. Investment and Acquisitions - The company has acquired equity in Zhejiang Shikong Energy Technology Co., which has contributed to its investment income[28]. - The acquisition of a 30% stake in Zhejiang Shikong Energy Technology Co., Ltd. was completed, with an estimated valuation of CNY 261,000,000 for 100% equity, and the transfer price set at CNY 78,300,000[107]. - The performance commitment for Shikong Energy includes achieving net profits of no less than CNY 180,000,000, CNY 240,000,000, and CNY 300,000,000 for the years 2018, 2019, and 2020 respectively[107]. - In 2018, Shikong Energy achieved a net profit of CNY 215,900,000, exceeding the commitment of CNY 180,000,000[107]. - The company has invested in and achieved significant returns from its stakes in Dongfeng Industrial Co., Ltd. and Zhejiang Shikong Energy Co., Ltd.[39]. Market Position and Strategy - The company has maintained a leading position in the automotive mold industry, serving major domestic and international automotive manufacturers[27]. - The company has expanded its client base, providing services to numerous well-known automotive brands, including Tesla and BMW[30]. - The company is positioned as a leading supplier of automotive covering molds, with a focus on high-end products and a significant market share in both domestic and international markets[83]. - The competitive landscape shows that there are approximately 300 automotive mold manufacturers in China, with only 28 generating over RMB 10 million in revenue[83]. - The company aims to leverage its technological advantages and expand its market share in high-end automotive covering molds while actively exploring international markets[88]. - The company plans to enhance its product structure and solidify its position as a comprehensive and technologically strong player in the global automotive mold industry[88]. Risks and Challenges - The company faces risks including economic cycle adjustments affecting the automotive mold industry, market risks, and potential bad debts from accounts receivable[5]. - The automotive mold industry is highly competitive, with approximately 300 manufacturers in China, increasing the risk of market share decline if the company fails to innovate[92]. - The company faces risks related to economic cycles affecting the automotive mold industry, as demand is closely tied to macroeconomic conditions[91]. - Monthly revenue and profit are uneven due to uncertainties in customer development plans and the nature of large contracts, which can lead to fluctuations in financial performance[92]. - The company is expanding its export business, which exposes it to exchange rate risks, particularly with transactions in USD and EUR[94]. - There is a shortage of high-level technical talent in the automotive mold industry, which could impact the company's growth and innovation capabilities[95]. Research and Development - The company has made significant investments in new technologies and production equipment to enhance its competitive edge in the market[31]. - Research and development expenses increased by 11.25% to CNY 77,506,668.21 in 2018, compared to CNY 69,670,403.91 in 2017[55]. - The company holds 162 patents, including 138 utility model patents and 24 invention patents, enhancing its technological capabilities[38]. Corporate Governance and Compliance - The company held three shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements for fair and transparent governance[145]. - The company maintained a governance structure compliant with relevant laws and regulations, ensuring the protection of investor rights[188]. - The company has not reported any issues or other circumstances regarding the disclosure of raised funds usage[77]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[108]. Employee and Management - The total number of employees in the company is 2,951, with 1,750 in production, 52 in sales, 850 in technology, 26 in finance, and 273 in administration[182]. - The company has implemented a performance appraisal system for all positions to enhance employee efficiency and motivation[183]. - The total remuneration for directors and senior management during the reporting period amounts to 2.769 million yuan[180]. - The company has established a comprehensive labor contract system, providing various insurance benefits to all employees, including pension, unemployment, medical, work injury, maternity insurance, and housing fund[145]. Future Outlook - The company anticipates continued growth in the automotive mold market, supported by favorable industry trends and demand[118]. - The company plans to invest more in IoT and information technology to achieve deep integration of industrialization and informatization in 2019[89]. - The company has outlined future growth strategies that include market expansion and potential acquisitions[118]. - The company has set a future outlook with a revenue target of 1.8 billion RMB for the next fiscal year, indicating a projected growth of 20%[176].

天津汽车模具股份有限公司 2018 年第三季度报告正文 1 天津汽车模具股份有限公司 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。 公司负责人常世平、主管会计工作负责人邓应华及会计机构负责人(会计主 管人员)蔡爽声明：保证季度报告中财务报表的真实、准确、完整。 2 天津汽车模具股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 证券代码：002510 证券简称：天汽模 公告编号：2018-040 天津汽车模具股份有限公司 2018 年第三季度报告正文 | | 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） | 5,742,307,175.55 | | 4,761,932,501.98 | 20.59% | | 归属于上市公司股东的净资产 | 2,470,501,024.59 | | 2,389,947 ...

Financial Performance - The company reported a significant increase in revenue, with total revenue reaching 1.2 billion RMB for the first half of 2018, representing a year-on-year growth of 15%[20]. - The company reported a net profit margin of 12% for the first half of 2018, indicating strong operational efficiency[20]. - The net profit attributable to shareholders of the listed company was CNY 78,262,589.22, an increase of 2.45% from CNY 76,393,818.30 in the previous year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 76,837,965.08, reflecting a significant growth of 14.80% compared to CNY 66,930,750.37 last year[25]. - The company reported a revenue of 476.94 million for the first half of 2018, indicating a significant performance in the automotive mold sector[88]. - The company reported a basic earnings per share of CNY 0.09, consistent with the previous year[145]. - The total comprehensive income for the first half of 2018 was CNY 78,549,403.99, compared to CNY 74,187,486.13, indicating an increase of 5.0%[145]. - The company reported a net loss of 35,939,570.45 yuan, indicating a challenging financial environment[166]. Revenue Breakdown - The company's operating revenue for the first half of 2018 was CNY 913,219,776.91, representing a year-on-year increase of 3.12% compared to CNY 885,595,974.36 in the same period last year[25]. - Revenue from the manufacturing sector was ¥905,623,074.43, accounting for 99.17% of total revenue, with a year-on-year growth of 5.99%[42]. - Revenue from molds increased by 26.02% to ¥607,531,853.12, making up 66.53% of total revenue[42]. - Domestic revenue grew by 17.13% to ¥675,999,813.95, representing 74.02% of total revenue, while international revenue decreased by 23.10% to ¥237,219,962.96[42]. Market Position and Strategy - The company has expanded its market presence, becoming the largest supplier of automotive covering molds in China, with a market share of approximately 30%[6]. - The company is actively exploring potential mergers and acquisitions to enhance its competitive edge in the automotive mold market[6]. - The company plans to invest 100 million RMB in new product development and technological innovation over the next two years[12]. - The company is focused on expanding its market presence through strategic partnerships and investments in related companies[91]. - The company is actively pursuing market expansion strategies, including potential mergers and acquisitions to strengthen its competitive position[89]. Challenges and Risks - The company is facing challenges due to the cyclical nature of the automotive industry, which is closely tied to macroeconomic conditions[5]. - The company has identified a shortage of high-level technical talent as a potential risk to its growth, particularly in mold development and debugging roles[12]. - The company faces risks related to economic cycles affecting the automotive mold industry, as the automotive market is significantly influenced by macroeconomic conditions[71]. - Increased competition in the automotive mold industry is noted, prompting the company to enhance R&D investments and product quality to maintain market competitiveness[71]. - The company is exposed to exchange rate risks due to its increasing export business, with a significant portion of sales settled in USD or EUR[73]. Financial Management and Investments - The company has not declared any cash dividends or stock bonuses for the reporting period, opting to reinvest profits into business expansion[13]. - The total amount of raised funds is CNY 410.458 million, with CNY 57.0151 million invested during the reporting period and a cumulative investment of CNY 336.0927 million[58]. - The company has permanently supplemented its working capital with the remaining raised funds amounting to CNY 89.388 million, which includes CNY 66.8283 million of surplus funds and CNY 15.0227 million of interest income[62]. - The company has not engaged in any major non-raised fund investment projects during the reporting period[66]. - The company has maintained strict control over project management, effectively reducing costs and generating interest income from the raised funds during the holding period[62]. Cash Flow and Financial Health - The cash flow from operating activities showed a net outflow of CNY 185,939,239.11, a significant increase of 417.30% compared to the previous year's outflow of CNY 35,944,353.03[41]. - The net cash flow from operating activities was -185,939,239.11 yuan, a decrease from -35,944,353.03 yuan in the previous period, indicating a worsening cash flow situation[152]. - Cash inflow from financing activities was 1,295,317,388.88 yuan, a substantial increase from 203,641,000.00 yuan in the previous period, showing strong financing efforts[153]. - The ending cash and cash equivalents balance increased to 780,069,652.97 yuan from 515,151,872.05 yuan, reflecting a positive cash position[153]. Shareholder Information - The total number of shares before the change was 896,241,132, with 159,009,118 shares (17.74%) being subject to restrictions[115]. - After the change, the number of restricted shares decreased to 122,619,635, representing 13.68% of total shares[115]. - The largest shareholder, Ningbo Yidao Investment Management Center, held 48,519,310 shares, representing 5.41% of total shares[119]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[122]. Compliance and Governance - The company has not reported any media controversies during the reporting period[83]. - The semi-annual report does not contain any non-standard audit report explanations[81]. - The company confirmed that all commitments made to minority shareholders have been fulfilled[79]. - The company has established an ISO 14001 environmental management system and achieved a 100% compliance rate for pollutant emissions[110].

Revenue and Profitability - The company's revenue for Q1 2018 was CNY 349,184,474.49, representing a 1.78% increase compared to CNY 343,088,721.85 in the same period last year[7]. - Net profit attributable to shareholders increased by 25.28% to CNY 26,132,789.86 from CNY 20,858,683.67 year-on-year[7]. - The net profit after deducting non-recurring gains and losses surged by 84.33% to CNY 25,850,437.91 compared to CNY 14,023,645.78 in the previous year[7]. - Basic earnings per share increased by 16.00% to CNY 0.029 from CNY 0.025 year-on-year[7]. - The company's operating revenue for Q1 2018 was CNY 179,845,322.32, an increase of 15.7% compared to CNY 155,476,824.02 in the same period last year[39]. - The net profit attributable to the parent company was CNY 26,132,789.86, up 25.5% from CNY 20,858,683.67 in Q1 2017[37]. - The total profit for the period was CNY 23,797,010.35, slightly higher than CNY 23,576,286.97 in the previous year[36]. - The company's total comprehensive income for the period was CNY 25,803,610.23, compared to CNY 20,008,713.48 in Q1 2017, reflecting an increase of 29.0%[37]. Cash Flow and Financial Position - The company's cash flow from operating activities showed a negative net amount of CNY -152,282,808.85, worsening by 75.76% from CNY -86,643,749.56 in the same period last year[7]. - The net cash flow from operating activities for the current period is CNY -152,282,808.85, an increase of 75.76% year-on-year, mainly due to an increase in export tax rebates[16]. - The net cash flow from financing activities for the current period is CNY 20,202,498.6, a decrease of 40.21% year-on-year, primarily due to the repayment of bank loans and interest payments[16]. - Total cash inflow from operating activities was 286,354,125.47 CNY, while cash outflow was 438,636,934.32 CNY, resulting in a net cash outflow of 152,282,808.85 CNY[43]. - Cash inflow from financing activities amounted to 205,925,627.12 CNY, an increase of 49% from 137,976,919.59 CNY in the previous period[44]. - The net cash flow from financing activities was 20,202,498.60 CNY, down from 33,786,983.10 CNY, reflecting a decrease of approximately 40.5%[44]. - The ending balance of cash and cash equivalents was 377,352,238.90 CNY, down from 512,058,557.44 CNY, representing a decline of about 26.3%[44]. - The company reported a net increase in cash and cash equivalents of -210,855,174.12 CNY, compared to -120,563,068.51 CNY in the previous period, reflecting a worsening cash position[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,802,315,161.13, a 0.85% increase from CNY 4,761,932,501.98 at the end of the previous year[7]. - The net assets attributable to shareholders rose by 1.12% to CNY 2,416,709,498.66 from CNY 2,389,947,407.17 at the end of the previous year[7]. - Current liabilities increased to CNY 2,279,258,971.00 from CNY 2,263,208,593.78[29]. - Total liabilities were CNY 2,354,676,478.69, slightly up from CNY 2,339,997,181.52[29]. - Owner's equity totaled CNY 2,447,638,682.44, compared to CNY 2,421,935,320.46 in the previous period[30]. - Total current assets as of March 31, 2018, amount to CNY 2,658,585,957.16, a decrease from CNY 2,753,898,453.89 at the beginning of the period[27]. - Non-current assets totaled CNY 2,143,729,203.97, up from CNY 2,008,034,048.09 year-over-year[30]. Inventory and Receivables - Accounts receivable increased by 35.63% to CNY 145,666,033.77 as more customers opted for bank acceptance bills for settlement[14]. - Accounts receivable as of March 31, 2018, is CNY 543,639,017.83, down from CNY 581,410,468.65 at the beginning of the period[27]. - Inventory as of March 31, 2018, stands at CNY 1,318,733,677.18, an increase from CNY 1,170,235,395.09 at the beginning of the period[27]. - Accounts receivable decreased to CNY 398,928,237.60 from CNY 447,275,310.99[31]. - Inventory increased to CNY 887,370,211.93 from CNY 778,929,757.98[31]. Investment and Other Income - Investment income for the current period is CNY 30,395,112.62, an increase of 179.40% year-on-year, primarily due to the rise in profits from associated companies[15]. - Other income for the current period is CNY 655,065.86, a 100% increase compared to the same period last year, attributed to changes in accounting standards and the reclassification of government subsidies[15]. - The company's investment income increased significantly to CNY 30,395,112.62, compared to CNY 10,878,526.50 in the same quarter last year, marking an increase of 179.5%[36]. Financial Expenses - Financial expenses rose by 178.28% to CNY 11,219,322.72 primarily due to increased exchange losses from a decrease in the US dollar exchange rate[14]. - The financial expenses rose to CNY 11,219,322.72, compared to CNY 4,031,668.49 in the previous year, indicating a significant increase of 178.5%[36]. Management Outlook - The company anticipates improved gross profit and profitability due to sufficient orders and enhanced order quality, despite potential monthly or quarterly fluctuations[19]. - The company's management reported a focus on expanding market presence and enhancing product development strategies moving forward[39].

Financial Performance - The company reported a stable annual revenue and profit despite monthly fluctuations due to the uncertainty in new model development by downstream automotive manufacturers[8]. - The company's operating revenue for 2017 was ¥1,931,197,573.37, a decrease of 2.07% compared to ¥1,972,098,909.54 in 2016[25]. - The net profit attributable to shareholders for 2017 was ¥93,262,132.54, down 37.84% from ¥150,040,957.30 in 2016[25]. - The net profit after deducting non-recurring gains and losses was ¥82,337,922.52, a decrease of 37.18% compared to ¥131,071,772.44 in 2016[25]. - The company’s revenue is characterized by large contracts for multiple sets of molds, leading to significant monthly and quarterly income variability[8]. - The company reported a total revenue of 15,571 million for the year 2017[124]. - The company reported a total of 37.8 million yuan in compensation for the chairman, reflecting the company's commitment to aligning executive pay with performance[176]. Dividend Distribution - The company plans to distribute a cash dividend of 0.30 RMB per 10 shares based on a total of 896,241,132 shares, with no stock bonus[12]. - The company reported a cash dividend of 0.40 CNY per share for the 2016 fiscal year, totaling approximately 33.43 million CNY[99]. - For the 2017 fiscal year, the company plans to distribute a cash dividend of 0.30 CNY per share, amounting to approximately 26.89 million CNY[100]. - The company's net profit attributable to ordinary shareholders for 2017 was CNY 93,262,132.54, resulting in a cash dividend payout ratio of 28.83%[102]. - In 2017, the company distributed a total cash dividend of CNY 26,887,233.96, which is 100% of the distributable profit[103]. Market Competition and Risks - The automotive mold industry is experiencing increased competition with approximately 300 manufacturers in China, which poses a risk to market share if the company fails to innovate[6]. - The automotive mold industry is closely tied to macroeconomic cycles, and fluctuations in the economy can significantly affect automotive consumption and market demand[5]. - The company faces risks related to accounts receivable, although the majority are from reputable large automotive manufacturers, which provides some assurance for recovery[9]. - The company is expanding its export business, which is primarily settled in USD or EUR, making it susceptible to foreign exchange risks[10]. - The company acknowledges a shortage of high-level technical talent in the automotive mold industry, which may hinder its growth despite having a strong core management team[95]. Innovation and Development - The company has been focusing on enhancing product quality and developing new products to maintain its competitive position in the market[6]. - Research and development efforts are focused on high-tech automotive mould design and production, reflecting the company's commitment to innovation[61]. - The company has 141 patents, including 27 invention patents and 114 utility model patents, reflecting its strong technological capabilities[40]. - The company is continuously increasing investment in the development and industrialization of large multi-station progressive molds for automotive applications[36]. - The company aims to enhance its service quality and customer experience while improving product quality and reducing mold production cycles[91]. Operational Efficiency - The company reported a significant increase in cash flow from operating activities, indicating improved operational efficiency[25]. - The net cash flow from operating activities increased by 37.70% to ¥134,292,646.32 from ¥97,525,714.71 in 2016[25]. - The company reported a net cash flow from investment activities of -¥449,180,093.24, an increase of 235.71% year-on-year, attributed to investments in Dongfeng Industrial Co., Ltd. and large multi-station progressive die projects[65]. - Operating cash inflow increased by 29.07% to ¥1,755,822,308.82, while operating cash outflow rose by 28.41% to ¥1,621,529,662.50[63]. Corporate Governance - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations, and protecting investor rights[183]. - The board of directors consists of 9 members, including 3 independent directors, adhering to legal requirements for composition and selection[184]. - The company has a dedicated investor relations management team to facilitate communication and ensure transparency in information disclosure[185]. - The company has established an independent accounting system and financial management policies, ensuring independent financial decision-making[189]. Strategic Growth and Expansion - The company plans to seek acquisition targets in North America to expand its overseas market and enhance overall competitiveness[91]. - The company aims for a revenue growth target of 12% for the next fiscal year, driven by new product launches and market expansion[173]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2020[175]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30%[174]. Employee Management and Development - The total number of employees in the company is 2,972, with 1,744 in production, 50 in sales, 863 in technical roles, 27 in finance, and 288 in administration[177]. - The company has implemented a performance evaluation system across all positions to enhance employee efficiency and motivation, with a focus on rewarding full attendance[178]. - In 2018, the company plans to continue comprehensive training programs for all employees, including new hires and existing staff, with an emphasis on skills and management training[180]. Related Party Transactions - The company engaged in a related transaction for stamping parts valued at 3,417.0 million yuan, with a market price of 4,700 million yuan, approved on April 2, 2017[117]. - The company has engaged in multiple related party transactions, ensuring compliance with market regulations[121]. - The company has a total guarantee amount of 30,424.15 million yuan approved by the end of the reporting period[134]. Shareholder Structure and Changes - The total number of shares increased from 835,667,048 to 896,241,132, reflecting an increase of 60,574,084 shares due to the conversion of convertible bonds[154]. - The company’s stock structure has been affected by the release of lock-up shares from departing executives, impacting the overall share distribution[150]. - The company’s major shareholders include Ningbo Yidao Investment Management Center with 5.41% and Hu Jinsong with 5.04% of shares[156]. - The company underwent a board reshuffle on April 20, 2017, with multiple directors and supervisors being appointed or dismissed[166].

Financial Performance - Net profit attributable to shareholders decreased by 56.28% to CNY 8,831,764.61 for the current period[8] - Operating revenue decreased by 12.45% to CNY 328,745,207.45 for the current period[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 68.03% to CNY 5,995,177.08[8] - The estimated net profit attributable to shareholders for 2017 is expected to range from ¥10,502.87 million to ¥16,504.51 million, reflecting a decrease of 30.00% to an increase of 10.00% compared to the previous year[23] Assets and Liabilities - Total assets increased by 8.63% to CNY 4,620,030,763.93 compared to the end of the previous year[8] - Prepayments increased by 70.94% to CNY 138,486,303.64 due to higher fixed asset purchases and imported raw material prepayments[16] - Construction in progress rose by 86.33% to CNY 186,546,822.34 primarily due to equipment purchases for convertible bond projects[16] - Short-term borrowings increased by 37.52% to CNY 647,849,500.00 as a result of increased bank loans[16] - Tax payable decreased by 50.59% to CNY 53,448,971.34 due to adjustments in estimated sales tax amounts[16] - Interest payable decreased by 100% to CNY 0 as all convertible bonds were converted and redeemed[16] - Other payables as of September 30, 2017, amounted to ¥58,648,892.62, an increase of 893.95% compared to the beginning of the period, primarily due to the adjustment of estimated output tax to other payables[17] - As of September 30, 2017, the company's long-term payables were ¥7,832,077.65, reflecting a 100% increase from the beginning of the period, mainly due to new equipment financing lease business[17] Cash Flow - Net cash flow from operating activities surged by 4,714.74% to CNY 136,666,854.68[8] - The net cash flow from operating activities was ¥100,722,501.65, an increase of 19,800.41% year-on-year, primarily due to an increase in accounts receivable collections[18] - The net cash flow from investing activities was -¥187,680,719.32, an increase of 114.14% year-on-year, mainly due to increased fixed asset purchases and investment activities[18] - The net cash flow from financing activities was ¥122,465,387.89, a decrease of 64.76% year-on-year, primarily due to the previous year's issuance of convertible bonds[19] Business Outlook - The company anticipates a slight decline in mold business due to low gross margins on some long-cycle projects and a decrease in the stamping business due to lower sales from main engine manufacturers[23] - The company has sufficient orders on hand, indicating potential improvement in gross margins in the future[23] Other Comprehensive Income - Other comprehensive income as of September 30, 2017, was -¥1,977,652.30, a decrease of 488.35% year-on-year, primarily due to foreign exchange translation differences from the appreciation of the Euro[17]

Financial Performance - The company reported a stable overall revenue and profit for the fiscal year, despite monthly fluctuations due to the uncertainty in new model development by downstream automotive manufacturers[8]. - The company reported a revenue of ¥885,595,974.36 for the reporting period, a decrease of 4.57% compared to ¥928,007,424.42 in the same period last year[40]. - The net profit attributable to shareholders was ¥76,393,818.30, down 7.35% from ¥82,451,597.87 year-on-year[40]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥66,930,750.37, representing a decline of 16.18% compared to ¥79,854,913.65 in the previous year[40]. - The total operating revenue for the reporting period was CNY 885,595,974.36, a decrease of 4.57% compared to CNY 928,007,424.42 in the same period last year[45]. - The company reported a total profit of CNY 84,950,090.00, compared to CNY 94,322,651.65 in the same period last year, indicating a decline of 9.5%[142]. - The total comprehensive income for the period was CNY 74,187,486.13, down from CNY 82,810,821.55 in the previous year[143]. - The company reported a loss distribution to owners of 41,152,000 during the period[161]. Market Position and Competition - The company is the largest supplier of automotive covering molds in China, with approximately 300 competitors in the automotive mold manufacturing industry, leading to increased market competition[6]. - The automotive mold industry is highly dependent on macroeconomic conditions, with a positive correlation between the automotive industry cycle and the economic cycle[5]. - The automotive mold industry is experiencing intense competition with approximately 300 manufacturers in China, prompting the company to increase R&D investment to enhance product quality and competitiveness[74]. Risks and Challenges - The company has a significant amount of accounts receivable, primarily from large automotive manufacturers, which poses a risk of bad debts if the automotive industry experiences a downturn[9]. - The company faces risks related to exchange rate fluctuations, as a significant portion of its export sales are settled in USD or EUR[10]. - The company acknowledges the risks associated with uneven monthly income and profit, which may lead to potential losses in certain months or quarters[8]. - The company is exposed to exchange rate risks due to its export business, with plans to mitigate this by adjusting settlement currencies and shortening credit periods[75]. - There is a relative shortage of high-level technical talent in the automotive mold industry, which the company addresses through talent training and competitive compensation[76]. Investment and Development - The company plans not to distribute cash dividends or issue bonus shares, focusing instead on reinvestment[13]. - The company has initiated the establishment of Tianjin Fanggao Venture Capital Co., Ltd. to promote its diversified development strategy, with a total investment scale of ¥16,850,000[39]. - The company has been expanding its operational scale and enhancing its core competitiveness in the automotive mold market[8]. - The company has seen an increase in orders from new energy vehicle manufacturers, with new clients added during the reporting period[38]. Financial Health and Assets - The company’s total assets increased by 4.34% to ¥4,437,406,705.16 from ¥4,252,894,084.84 at the end of the previous year[40]. - The net assets attributable to shareholders rose by 7.61% to ¥2,175,870,087.75 from ¥2,021,948,217.38 at the end of the last year[40]. - The company’s total equity increased to CNY 2,205,817,441.78 from CNY 2,051,903,813.46, representing a growth of about 7.48%[135]. - The company reported a total liability of CNY 2,231,589,263.38, slightly up from CNY 2,200,990,271.38, an increase of about 1.39%[134]. Cash Flow and Financial Management - The cash flow from operating activities showed a significant decline, with a net cash outflow of ¥35,944,353.03 compared to a positive cash flow of ¥3,467,663.69 in the same period last year, marking a decrease of 1,136.56%[40]. - The net cash flow from operating activities was CNY -35,944,353.03, a decrease compared to 3,467,663.69 in the previous period, indicating a decline in operational performance[150]. - The total cash outflow from operating activities was 751,554,406.12, compared to 651,765,070.17 in the previous period, showing increased operational costs[150]. - The company reported a cash inflow from operating activities of CNY 668,511,616.72, compared to CNY 638,891,137.74 in the previous period[149]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 91,478, with significant shareholders holding 7.00% and 5.36% of the shares respectively[118]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[121]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[125]. Compliance and Governance - The half-year financial report has not been audited, indicating a lack of external validation for the financial data presented[83]. - The company has not encountered any major litigation or arbitration matters during the reporting period[85]. - There are no penalties or corrective actions reported for the company during the reporting period[86]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial reports reflect true and complete information[176].

[Important Notice](index=2&type=section&id=Item%201.%20Important%20Notice) The company's board, supervisory board, and senior management declare the quarterly report's content to be true, accurate, and complete, assuming legal responsibility [Statement on Report Authenticity and Compliance](index=2&type=section&id=Important%20Notice) The company's board of directors, supervisory board, and senior management declare the quarterly report's content to be true, accurate, and complete, assuming legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the quarterly report's content is true, accurate, and complete, free from false statements, misleading representations, or major omissions, assuming individual and joint legal responsibility[4](index=4&type=chunk) - Company head Chang Shiping, chief accountant Deng Yinghua, and head of accounting Cai Shuang declare the financial statements in the quarterly report are true, accurate, and complete[5](index=5&type=chunk) [Company Basic Information](index=3&type=section&id=Item%202.%20Company%20Basic%20Information) This section presents the company's key financial data, including revenue and net profit, alongside details of its total shareholders and top ten shareholders' holdings [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q1 2017, the company's operating revenue decreased by 14.36% year-on-year, while net profit attributable to shareholders increased by 5.44% Key Accounting Data and Financial Indicators for Q1 2017 | Indicator | Current Period (CNY) | Prior Year Period (CNY) | Current Period vs. Prior Year Period Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 343,088,721.85 | 400,629,014.93 | -14.36% | | Net Profit Attributable to Shareholders of Listed Company | 20,858,683.67 | 19,782,786.78 | 5.44% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 14,023,645.78 | 17,972,535.22 | -21.97% | | Net Cash Flow from Operating Activities | -86,643,749.56 | -31,722,064.41 | 173.13% | | Basic Earnings Per Share (CNY/share) | 0.025 | 0.024 | 4.17% | | Diluted Earnings Per Share (CNY/share) | 0.025 | 0.024 | 4.17% | | Weighted Average Return on Net Assets | 1.03% | 1.10% | -0.07% | | **End of Current Period** | **End of Prior Year** | **End of Current Period vs. End of Prior Year Change** | | | Total Assets | 4,408,088,523.93 | 4,252,894,084.84 | 3.65% | | Net Assets Attributable to Shareholders of Listed Company | 2,070,669,648.39 | 2,021,948,217.38 | 2.41% | Non-Recurring Gains/Losses Items and Amounts for Q1 2017 | Item | Amount from Year Start to Period End (CNY) | Notes | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 9,055,785.55 | | | Government Subsidies Included in Current Profit/Loss | 843,275.03 | | | Other Non-Operating Income and Expenses Apart from the Above | -269,718.59 | | | Less: Income Tax Impact | 2,797,146.39 | | | Impact on Minority Shareholders' Equity (After Tax) | -2,842.29 | | | Total | 6,835,037.89 | -- | [Total Shareholders and Top Ten Shareholders' Holdings at Period End](index=4&type=section&id=II.%20Total%20Shareholders%20and%20Top%20Ten%20Shareholders'%20Holdings%20at%20Period%20End) As of the reporting period end, the company had 79,098 common shareholders, with several natural persons among the top ten holding significant pledged shares - The total number of common shareholders at the end of the reporting period was **79,098**[11](index=11&type=chunk) - Hu Jinsheng, Chang Shiping, Dong Shuxin, Ren Wei, Yin Baoru, Zhang Yisheng, Bao Jianxin, and Wang Ziling are among the company's controlling shareholders and parties acting in concert[11](index=11&type=chunk)[12](index=12&type=chunk) Top 10 Shareholders' Holdings at Period End | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Number of Restricted Shares Held | Pledge or Freeze Status (Status/Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | | Hu Jinsheng | Domestic Natural Person | 7.20% | 60,192,728 | 45,144,546 | Pledged/25,000,000 | | Chang Shiping | Domestic Natural Person | 5.52% | 46,134,400 | 34,600,800 | Pledged/8,500,000 | | Dong Shuxin | Domestic Natural Person | 4.46% | 37,231,448 | 27,923,586 | - | | Ren Wei | Domestic Natural Person | 2.18% | 18,201,056 | 13,650,792 | - | | Yin Baoru | Domestic Natural Person | 2.11% | 17,636,812 | 13,227,608 | - | | Zhao Wenjie | Domestic Natural Person | 1.87% | 15,662,045 | 9,556,087 | Pledged/9,260,550 | | Zhang Yisheng | Domestic Natural Person | 1.76% | 14,680,792 | 11,010,594 | - | | Bao Jianxin | Domestic Natural Person | 1.71% | 14,254,408 | 10,690,806 | Pledged/8,400,000 | | Wang Ziling | Domestic Natural Person | 1.46% | 12,204,952 | 9,153,714 | - | | Central Huijin Asset Management Co., Ltd. | State-owned Legal Person | 1.13% | 9,416,600 | 0 | - | [Total Common Shareholders and Top 10 Shareholders' Holdings](index=4&type=section&id=1.%20Total%20Common%20Shareholders%20and%20Top%2010%20Shareholders'%20Holdings) At period-end, the company had 79,098 common shareholders, with several top 10 natural person shareholders having pledged portions of their shares - The total number of common shareholders at the end of the reporting period was **79,098**[11](index=11&type=chunk) Top 10 Unrestricted Shareholders' Holdings at Period End | Shareholder Name | Number of Unrestricted Shares Held | Share Type | | :--- | :--- | :--- | | Hu Jinsheng | 15,048,182 | RMB Common Stock | | Chang Shiping | 11,533,600 | RMB Common Stock | | Central Huijin Asset Management Co., Ltd. | 9,416,600 | RMB Common Stock | | Dong Shuxin | 9,307,862 | RMB Common Stock | | Zhao Wenjie | 6,105,958 | RMB Common Stock | | Bank of Communications - Huaan Baoli Allocation Securities Investment Fund | 5,856,740 | RMB Common Stock | | Liu Xian | 5,679,608 | RMB Common Stock | | Zhang Chunhai | 5,468,368 | RMB Common Stock | | Ren Wei | 4,550,264 | RMB Common Stock | | Yin Baoru | 4,409,204 | RMB Common Stock | - The company's top 10 common shareholders and top 10 unrestricted common shareholders did not engage in agreed repurchase transactions during the reporting period[12](index=12&type=chunk) [Total Preferred Shareholders and Top 10 Preferred Shareholders' Holdings](index=5&type=section&id=2.%20Total%20Preferred%20Shareholders%20and%20Top%2010%20Preferred%20Shareholders'%20Holdings) The company had no preferred shareholders during the reporting period - The company had no preferred shareholders during the reporting period[13](index=13&type=chunk) [Significant Matters](index=6&type=section&id=Item%203.%20Significant%20Matters) This section details significant changes in financial data, the fulfillment of commitments, and the forecast for the company's operating performance in the first half of 2017 [Changes and Reasons for Key Financial Data and Indicators in the Reporting Period](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Key%20Financial%20Data%20and%20Indicators) During the reporting period, significant changes in financial data were observed, including increases in prepayments and other receivables, decreases in interest payable, and substantial shifts in cash flows from operating, investing, and financing activities - Prepayments at period-end increased by **76.62%**, primarily due to increased payments for fixed asset purchases and advance payments for imported raw materials[15](index=15&type=chunk) - Other receivables at period-end increased by **52.5%**, mainly due to higher bid deposits paid and increased employee advances for imprest funds[15](index=15&type=chunk) - Interest payable at period-end decreased by **72.46%**, primarily due to the payment of convertible bond interest during the period[15](index=15&type=chunk) - Other payables at period-end increased by **114.83%**, mainly due to increased employee travel expenses and intermediary service fees payable during the period[15](index=15&type=chunk) - Other comprehensive income at period-end decreased by **68.97%**, primarily due to foreign currency translation differences from the appreciation of the Euro affecting European Tianqimo Company's financial statements[15](index=15&type=chunk) - Selling expenses decreased by **31.79%** this period, mainly due to reduced mold delivery fees and shipping insurance costs for the company's overseas projects[16](index=16&type=chunk) - Financial expenses decreased by **47.91%** this period, primarily due to increased interest income from matured time deposits[16](index=16&type=chunk) - Asset impairment losses increased by **125.88%** this period, mainly due to the increased scale of accounts receivable[16](index=16&type=chunk) - Non-operating income increased by **333.57%** this period, primarily due to the sale of old equipment by the German subsidiary Tianqimo[16](index=16&type=chunk) - Income tax expenses increased by **193.22%** this period, mainly due to increased non-operating income of the German subsidiary Tianqimo and a higher income tax rate[16](index=16&type=chunk) - Net cash flow from operating activities decreased by **173.13%** this period, primarily due to reduced customer collections compared to the prior year and increased current period investments[16](index=16&type=chunk) - Net cash flow from investing activities decreased by **571.93%** this period, primarily due to increased fixed asset procurement activities[17](index=17&type=chunk) - Net cash flow from financing activities decreased by **90.79%** this period, primarily due to the proceeds from convertible bond issuance received in the prior period[17](index=17&type=chunk) [Progress of Significant Matters](index=6&type=section&id=II.%20Progress%20of%20Significant%20Matters%20and%20Analysis%20of%20Impact%20and%20Solutions) The company had no significant matters requiring disclosure of progress, impact, or solutions during the reporting period - The company had no significant matters requiring disclosure of progress, impact, or solutions during the reporting period[18](index=18&type=chunk) [Fulfillment of Commitments](index=6&type=section&id=III.%20Fulfillment%20of%20Commitments%20by%20Controlling%20Shareholders%2C%20Related%20Parties%2C%20Acquirers%2C%20and%20the%20Company) Controlling shareholders and related parties made long-term commitments to avoid competition and resolve historical entrusted shareholdings, all fulfilled on time - Controlling shareholders and parties acting in concert committed not to directly or indirectly invest in or operate businesses that compete or may compete with the company, thus avoiding horizontal competition[19](index=19&type=chunk) - Controlling shareholders and actual controllers committed to resolving historical entrusted shareholding issues, assuming economic responsibility if relevant parties claim rights or economic interests[19](index=19&type=chunk) - All commitments were fulfilled on time during the reporting period, with no breaches of the aforementioned commitments[19](index=19&type=chunk) [Forecast of Operating Performance for H1 2017](index=7&type=section&id=IV.%20Forecast%20of%20Operating%20Performance%20for%20January-June%202017) The company forecasts a positive net profit attributable to shareholders for H1 2017, with a projected change of -15.00% to 15.00%, driven by strong 2016 orders and stable mold business - Net profit attributable to shareholders for January-June 2017 is expected to be positive and not a turnaround from loss to profit[20](index=20&type=chunk) Forecasted Net Profit Attributable to Shareholders for January-June 2017 | Indicator | Amount/Range | | :--- | :--- | | Net Profit Change Range | -15.00% to 15.00% | | Net Profit Range (CNY 10,000) | 7,008.39 to 9,481.93 | | Net Profit for Jan-June 2016 (CNY 10,000) | 8,245.16 | - Performance change is attributed to record-high order intake in 2016, sufficient outstanding orders, stable mold business development, and potential fluctuations in stamping business due to OEM sales changes[21](index=21&type=chunk) [Financial Assets Measured at Fair Value](index=8&type=section&id=V.%20Financial%20Assets%20Measured%20at%20Fair%20Value) The company had no financial assets measured at fair value during the reporting period - The company had no financial assets measured at fair value during the reporting period[22](index=22&type=chunk) [Illegal External Guarantees](index=8&type=section&id=VI.%20Illegal%20External%20Guarantees) The company had no illegal external guarantees during the reporting period - The company had no illegal external guarantees during the reporting period[22](index=22&type=chunk) [Non-Operating Fund Occupation by Controlling Shareholders and Related Parties](index=8&type=section&id=VII.%20Non-Operating%20Fund%20Occupation%20by%20Controlling%20Shareholders%20and%20Related%20Parties) The company had no non-operating fund occupation by controlling shareholders or related parties during the reporting period - The company had no non-operating fund occupation by controlling shareholders or related parties during the reporting period[23](index=23&type=chunk) [Registration of Research Activities During the Reporting Period](index=8&type=section&id=VIII.%20Registration%20of%20Research%2C%20Communication%2C%20and%20Interview%20Activities) The company hosted one institutional on-site research activity on February 23, 2017, with details available on Juchao Information Network Research Activities Hosted During the Reporting Period | Reception Date | Reception Method | Type of Recipient | Index of Basic Research Information | | :--- | :--- | :--- | :--- | | 2017 年 02 月 23 日 | On-site Research | Institution | Juchao Information Network http://www.cninfo.com.cn/ |