Financial Performance - The company's operating revenue for 2019 was CNY 2,177,723,268.49, representing a 16.20% increase compared to CNY 1,874,122,633.81 in 2018[20]. - The net profit attributable to shareholders for 2019 was CNY 189,510,721.05, which is a 24.19% increase from CNY 152,599,471.33 in 2018[20]. - The net cash flow from operating activities reached CNY 387,666,631.22, marking a significant increase of 104.41% from CNY 189,654,401.45 in the previous year[20]. - The basic earnings per share for 2019 was CNY 0.1063, up 24.04% from CNY 0.0857 in 2018[20]. - Total assets at the end of 2019 amounted to CNY 3,399,852,026.37, reflecting a 7.09% increase from CNY 3,174,718,626.11 at the end of 2018[20]. - The net assets attributable to shareholders increased by 7.79% to CNY 2,632,200,540.76 at the end of 2019, compared to CNY 2,441,970,661.91 at the end of 2018[20]. - The company achieved an annual revenue of 2.178 billion yuan, representing a year-on-year increase of 16.20%[38]. - The net profit attributable to shareholders of the listed company was 189.51 million yuan, up 24.19% year-on-year[38]. - In the first quarter, the net profit attributable to shareholders was 44.89 million yuan, while in the second quarter it was 67.92 million yuan, indicating a strong performance in the first half of the year[26]. Business Strategy and Development - The company plans to continue diversifying its business, focusing on new opportunities and projects to enhance overall value[6]. - The company is focusing on the development of intelligent manufacturing and has set up another subsidiary, Shandong Mining Huaxin Intelligent Technology Co., with a registered capital of 100 million yuan for R&D in electronic information products for the coal mining industry[38]. - The company is committed to optimizing its industrial structure to support long-term development and enhance resource allocation[38]. - The company maintains a dual main business model, balancing traditional and emerging industries to improve risk resistance and profitability[35]. - The company has implemented a strategy to enhance management quality by increasing oversight and support for business segments with growth potential[31]. - The company aims to maximize shareholder value while enhancing development quality and efficiency, adapting to the new economic normal[42]. Risks and Challenges - The company has identified risks related to policy changes in the coal industry, which could impact its primary business operations significantly[6]. - The company acknowledges potential risks from international trade tensions and the COVID-19 pandemic, which may affect its business performance[6]. - The company faces risks including policy changes affecting coal machinery production and potential goodwill impairment from previous acquisitions[74]. Subsidiaries and Investments - The company has established a wholly-owned subsidiary, Shandong Mining Huanneng Equipment Manufacturing Co., with a registered capital increase from 20 million yuan to 100 million yuan to enhance competitiveness[38]. - The company established Shandong Mining Machinery Huaxin Intelligent Technology Co., Ltd. to enhance the information and intelligence level of coal machinery manufacturing[68]. - The company aims to expand its international market presence through the establishment of Linyou (Hong Kong) Technology Co., Ltd., enhancing its competitiveness[68]. - The company established two wholly-owned subsidiaries: Shandong Mining Huaxin Intelligent Technology Co., Ltd. and Linyou (Hong Kong) Technology Co., Ltd. during the reporting period[99]. Financial Management and Governance - The company guarantees the integrity of its assets and the independence of its financial management, ensuring that senior management does not hold positions in other enterprises controlled by them[88]. - The company emphasizes the importance of truthful and complete information disclosure, with all board members and senior management bearing legal responsibility for any misleading statements[89]. - The company has committed to ensuring that no benefits are transferred to other entities or individuals at unfair conditions, protecting its interests[90]. - The company has established a financial accounting system that allows for independent financial decision-making and management of subsidiaries[88]. - The company has pledged to maintain a fair and transparent market for any unavoidable related transactions with controlled entities[87]. - The company is focused on implementing measures to ensure immediate returns, linking executive compensation to performance metrics[90]. - The company has committed to not using its assets for unrelated investments or consumption activities[90]. - The company has established a long-term commitment to comply with regulatory requirements and maintain operational independence[88]. Shareholder Information - The company approved a profit distribution plan, proposing a cash dividend of CNY 0.1 per 10 shares, based on a total of 1,782,793,836 shares[7]. - The company’s available profit for distribution as of 2019 was 108,835,978.45 CNY[82]. - The company’s cash dividend in 2019 was the first cash distribution after two years of no dividends[81]. - The total share capital increased from 1,048,702,257 shares to 1,782,793,836 shares after a capital reserve conversion in 2018[79]. - The largest shareholder, Zhao Duxue, holds 20.79% of the shares, amounting to 370,632,920 shares, with 130,000,000 shares pledged[139]. - The total number of shareholders at the end of the reporting period was 86,584[139]. - The company has a total of 1,627,120,605 unrestricted shares, representing 91.27% of the total shares[135]. Internal Controls and Compliance - The company has established a robust internal control system, with no significant deficiencies reported during the evaluation period[179]. - The company actively communicates with investors through various channels, enhancing transparency in information disclosure[169]. - The board of directors and supervisory board effectively oversee the management team, ensuring compliance with regulations and decisions made by the shareholders' meeting[168]. - The company has conducted annual and temporary shareholder meetings in compliance with regulations, ensuring investor participation[171][172]. - The company reported zero instances of significant deficiencies in non-financial reporting controls[184]. - The audit opinion issued by Yongtuo Accounting Firm was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position and operating results for the year 2019[188]. Employee and Management Information - The total number of employees in the company is 2,046, with 1,344 in production, 168 in sales, and 250 in technical roles[162]. - The company has implemented a performance-based salary system for technical staff and a commission-based system for sales personnel[164]. - The company has established an annual training plan to encourage continuous learning among employees[165]. - The company has a diverse professional composition, with 99 financial personnel and 185 administrative staff[162]. - The remuneration for directors, supervisors, and senior management during the reporting period totaled 456.38 million yuan[161].

Financial Performance - Net profit attributable to shareholders was ¥54,755,088.39, representing a 43.50% increase year-on-year[9]. - Operating revenue for the reporting period was ¥509,655,362.20, up 17.29% compared to the same period last year[9]. - Basic earnings per share were ¥0.0307, reflecting a growth of 43.46% compared to the previous year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥47,093,982.38, up 47.77% year-on-year[9]. - The total profit for the year-to-date period was CNY 220,451,457.25, an increase of 31.3% from CNY 167,808,851.08 in the previous year[44]. - The total comprehensive income attributable to the parent company for Q3 2019 was CNY 54,755,088.39, compared to CNY 38,156,149.61 in Q3 2018, reflecting a growth of 43.5%[40]. - The net profit for the current period was ¥36,472,986.64, representing a growth of 5.3% from ¥34,628,534.13 in the same period last year[48]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,415,339,675.85, an increase of 7.58% compared to the end of the previous year[9]. - The total liabilities increased to ¥765,436,914.51 from ¥680,280,471.68, reflecting the company's financial obligations[28]. - The total owner's equity reached CNY 2,494,438,154.43, including CNY 1,782,793,836.00 in share capital[62]. - Current assets totaled CNY 434,576,812.12, with accounts receivable at CNY 132,800,477.00 and inventory at CNY 31,571,686.69[65]. - The company's retained earnings grew by 77.24% to ¥384,497,766.28, driven by increased sales revenue and improved profit margins[17]. Cash Flow - The net cash flow from operating activities was ¥123,530,107.68, a significant increase of 238.45% year-on-year[9]. - Cash flow from operating activities generated a net amount of ¥308,157,971.59, which is a significant increase of 66.5% from ¥184,932,421.43 in the previous period[52]. - Cash received from sales of goods and services was CNY 899,477,292.72, up from CNY 631,332,956.15 in the previous period, reflecting a growth of 42.5%[55]. - Cash paid for purchasing goods and services increased to CNY 721,328,907.38 from CNY 386,128,777.76, representing an increase of 86.8%[56]. - Cash flow from financing activities showed a net outflow of CNY 10,737,036.10, improving from a net outflow of CNY 32,206,063.55 in the previous period[53]. Shareholder Information - The total number of shareholders at the end of the reporting period was 91,877[13]. - The top shareholder, Zhao Duxue, holds 20.79% of the shares, amounting to 370,632,922 shares, with 130,000,000 shares pledged[13]. Expenses - Sales expenses increased by 32.12% to ¥86,636,120.84, corresponding to higher sales revenue[17]. - The company reported a total operating cost of CNY 423,790,537.14, which is a 15.6% increase from CNY 366,478,726.17 in the previous year[36]. - Research and development expenses for the quarter were CNY 11,985,844.00, compared to CNY 9,815,931.70 in the same period last year, reflecting a 22.1% increase[36]. Investment Income - Investment income rose by 137.75% to ¥10,723,959.82, reflecting better performance from associated companies[17]. - The company reported an investment income of ¥31,105,769.95, an increase from ¥25,434,849.49 in the previous period, reflecting a growth of 22.5%[48].

山东矿机集团股份有限公司 2019 年半年度报告全文 山 东 矿 机 集 团 股 份 有 限 公 司 SHANDONG MINING MACHINERY GROUP CO., LTD. （住所：山东省昌乐县经济开发区大沂路北段） 2019 年半年度报告 2019 年 8 月 1 1、政策风险：公司主营业务为"煤机生产、煤炭销售及采煤服务"+"网络游 戏及互联网服务"。 在未来一定时期内，公司原主业煤机生产以及采煤服务占 公司业务比重较大，所以国家宏观经济政策，尤其是煤炭产业相关规划及政策、 环境保护相关政策的调整，会导致公司业务的市场环境和发展空间受到影响， 从而导致公司业绩受到较大影响。 2、转型风险：公司现有四大业务板块，分别是以煤矿综采成套设备及配件 产品为主的煤机制造板块；以北京麟游互动科技有限公司为主的游戏运营板块； 以及采煤服务板块和以建材机械、包装机械为主的智能制造板块，实现了传统 产业与新兴产业的多元化经营战略布局。公司将继续寻求新机遇、新项目，加 强多元化发展，进一步提升公司价值。公司在未来难以完全排除在新领域的技 术研发、市场推广、人员管理、品牌建设、业务整合等方面的风险。 3、成本波动风 ...

山东矿机集团股份有限公司 2019 年第一季度报告全文 山东矿机集团股份有限公司 2019 年第一季度报告 2019 年 04 月 1 山东矿机集团股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵华涛、主管会计工作负责人张星春及会计机构负责人(会计主 管人员)杨昭明声明：保证季度报告中财务报表的真实、准确、完整。 2 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 457,829,410.77 | 411,636,684.33 | 11.22% | | 归属于上市公司股东的净利润（元） | 44,885,259.19 | 37,813,398.78 | 18.70% | | 归属于上市公司股东的扣除非经常性损 益的净利润（元） | 43,904,380.79 | 36,623,43 ...

山东矿机集团股份有限公司 2019 年第一季度报告全文 山东矿机集团股份有限公司 2019 年第一季度报告 2019 年 04 月 1 山东矿机集团股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵华涛、主管会计工作负责人张星春及会计机构负责人(会计主 管人员)杨昭明声明：保证季度报告中财务报表的真实、准确、完整。 2 山东矿机集团股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 457,829,410.77 | 411,636,684.33 | 11.22% | | 归属于上市公司股东的净利润（元） | 44,885,259.19 | 37,813, ...

山东矿机集团股份有限公司 2018 年年度报告全文 山 东 矿 机 集 团 股 份 有 限 公 司 SHANDONG MINING MACHINERY GROUP CO., LTD. （住所：山东省昌乐县经济开发区大沂路北段） 2018 年度报告 2019 年 04 月 1 山东矿机集团股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人赵华涛、主管会计工作负责人张星春及会计机构负责人(会计主 管人员)杨昭明声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 1、政策风险：公司主营业务为"煤机生产、煤炭销售及采煤服务"+"网络游 戏及互联网服务"。 在未来一定时期内，公司原主业煤机生产以及采煤服务占 公司业务比重较大，所以国家宏观经济政策，尤其是煤炭产业相关规划及政策、 环境保护相关政策的调整，会导致公司业务的市场环境和发展空间受到影响， 从而导致公司业绩受到较大影响。 2、转型风险：公司现 ...

山东矿机集团股份有限公司 2018 年年度报告全文 山 东 矿 机 集 团 股 份 有 限 公 司 SHANDONG MINING MACHINERY GROUP CO., LTD. （住所：山东省昌乐县经济开发区大沂路北段） 2018 年度报告 2019 年 04 月 1 山东矿机集团股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人赵华涛、主管会计工作负责人张星春及会计机构负责人(会计主 管人员)杨昭明声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 1、政策风险：公司主营业务为"煤机生产、煤炭销售及采煤服务"+"网络游 戏及互联网服务"。 在未来一定时期内，公司原主业煤机生产以及采煤服务占 公司业务比重较大，所以国家宏观经济政策，尤其是煤炭产业相关规划及政策、 环境保护相关政策的调整，会导致公司业务的市场环境和发展空间受到影响， 从而导致公司业绩受到较大影响。 2、转型风险：公司现 ...

[Important Notice](index=2&type=section&id=Section%20I.%20Important%20Notice) The company ensures the quarterly report's authenticity and assumes legal responsibility for its content [Statement on Report Authenticity](index=2&type=section&id=Section%20I.%20Important%20Notice) The Board, Supervisory Board, and senior management guarantee the quarterly report's truthfulness and completeness, assuming legal liabilities - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, assuming individual and joint legal liabilities[5](index=5&type=chunk) - The company's principal officer, head of accounting, and head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[6](index=6&type=chunk) [Company Profile](index=3&type=section&id=Section%20II.%20Company%20Profile) The company reports strong financial performance with increased assets, revenue, and net profit, alongside detailed shareholder information [Key Accounting Data and Financial Indicators](index=3&type=section&id=I.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company reported strong Q3 2018 financial performance with significant increases in total assets, operating revenue, and net profit Key Financial Indicators for Q1-Q3 2018 | Indicator | Year-to-Date | YoY Change | | :--- | :--- | :--- | | Operating Revenue (Yuan) | 1,400,099,843.79 | 55.19% | | Net Profit Attributable to Shareholders (Yuan) | 112,483,153.39 | 205.86% | | Net Profit Excluding Non-recurring Items (Yuan) | 107,645,400.47 | 235.52% | | Net Cash Flow from Operating Activities (Yuan) | 184,932,421.43 | 44.22% | | Basic Earnings Per Share (Yuan/share) | 0.0631 | 192.13% | | Weighted Average Return on Net Assets | 4.81% | Increased 2.67 percentage points | Asset Status as of September 30, 2018 | Indicator | End of Current Period | Change from End of Previous Year | | :--- | :--- | :--- | | Total Assets (Yuan) | 3,226,810,967.73 | 5.43% | | Net Assets Attributable to Shareholders (Yuan) | 2,402,290,234.79 | 5.43% | - From the beginning of the year to the end of the reporting period, the company's total non-recurring gains and losses amounted to **4.8378 million yuan**, primarily from government subsidies, wealth management income, and disposal gains/losses of non-current assets[10](index=10&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Total%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Holdings%20at%20Period%20End) As of period-end, the company had 84,196 common shareholders, with top shareholders' holdings and pledge status detailed - At the end of the reporting period, the company had **84,196 common shareholders**[13](index=13&type=chunk) Top Three Shareholders' Holdings | Shareholder Name | Holding Percentage | Number of Shares Held | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | | Zhao Duxue | 20.79% | 370,632,922 | Pledged 173,399,830 | | Zhou Lifei | 5.64% | 100,526,578 | Pledged 98,600,000 | | Liao Peng | 4.20% | 74,810,475 | - | [Significant Matters](index=6&type=section&id=Section%20III.%20Significant%20Matters) The company details significant financial changes, business restructuring, annual performance forecasts, and wealth management activities [Analysis of Changes in Key Financial Data and Reasons](index=6&type=section&id=I.%20Changes%20and%20Reasons%20for%20Key%20Financial%20Data%20and%20Indicators%20in%20the%20Reporting%20Period) Significant changes in operating revenue, undistributed profits, investment income, and share capital are attributed to increased orders, improved profitability, wealth management, and capital reserve capitalization - Operating revenue increased by **55.19%** compared to the previous period, primarily due to increased company orders and sales revenue[17](index=17&type=chunk) - Undistributed profits increased by **156.72%** from the beginning of the period, mainly due to increased company revenue and higher product profit margins, leading to increased realized profit[17](index=17&type=chunk) - Investment income increased by **826.31%** compared to the previous period, primarily due to the company's effective use of funds to purchase wealth management products, generating significant returns[17](index=17&type=chunk) - Share capital and capital reserves underwent significant changes due to the company's implementation of a capital reserve capitalization plan during this reporting period[17](index=17&type=chunk) [Progress of Significant Matters](index=6&type=section&id=II.%20Analysis%20of%20Progress%2C%20Impact%2C%20and%20Solutions%20for%20Significant%20Matters) The company completed internal business integration, transferring coal-related operations to a subsidiary to focus the parent on strategic functions - To adapt to its dual-main business development strategy, the company undertook internal business integration, gradually transferring coal machinery production and coal sales businesses and equity to its wholly-owned subsidiary, Huaneng Equipment[18](index=18&type=chunk) - Following the business adjustment, the parent company will emphasize strategic investment, capital operations, and subsidiary oversight functions. This adjustment has been fully completed[18](index=18&type=chunk)[19](index=19&type=chunk) [2018 Annual Operating Performance Forecast](index=7&type=section&id=IV.%20Forecast%20for%202018%20Annual%20Operating%20Performance) The company forecasts significant net profit growth for 2018, driven by improved coal market conditions and contributions from the newly acquired online gaming business 2018 Annual Net Profit Performance Forecast | Indicator | Forecast Range | | :--- | :--- | | Change in Net Profit Attributable to Parent | 82.24% to 131.30% | | Net Profit Attributable to Parent (CNY 10,000) | 13,000 to 16,500 | | 2017 Net Profit Attributable to Parent (CNY 10,000) | 7,133.52 | - Performance growth is attributed to two factors: improved coal market conditions leading to increased orders for coal machinery sales and mining services, and significant profit contributions from the newly added "online gaming and internet services" business (Beijing Linyou)[21](index=21&type=chunk) [Wealth Management Activities](index=7&type=section&id=VIII.%20Wealth%20Management) The company engaged in wealth management using own funds, with 88 million yuan transacted and 198 million yuan outstanding in bank products Overview of Wealth Management (Unit: CNY 10,000) | Specific Type | Source of Funds | Amount Transacted | Outstanding Balance | Overdue Unrecovered Amount | | :--- | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Own Funds | 8,800 | 19,800 | 0 | [Investor Relations Activities](index=8&type=section&id=IX.%20Registration%20Form%20for%20Research%2C%20Communication%2C%20and%20Interview%20Activities%20During%20the%20Reporting%20Period) The company hosted an on-site research visit from institutional investors on September 10, 2018 - The company hosted institutional investors for an on-site research visit on **September 10, 2018**[26](index=26&type=chunk)

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Part%20I%20Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) [Important Notice and Risk Statement](index=2&type=section&id=Important%20Notice) The company's board and management guarantee report accuracy, highlighting key risks from policy changes, coal industry cycles, business transformation, and rising costs - The company faces four major risks: **policy risks** from coal and environmental policy adjustments, **industry risks** from coal market fluctuations, **transformation risks** in shifting to online gaming and internet services, and **cost volatility risks** from rising raw material and labor costs[5](index=5&type=chunk) - The board approved the 2018 semi-annual profit distribution plan: no cash dividends or bonus shares, but a capital reserve transfer of **7 shares for every 10 shares** to all shareholders[6](index=6&type=chunk) [Definitions](index=4&type=section&id=Definitions) This section defines key abbreviations for companies and business entities, including 'Linyou Interactive' and 'Huaneng Equipment', for report clarity - Key entities mentioned in the report include: **Linyou Interactive** (Beijing Linyou Interactive Technology Co., Ltd.), the core subsidiary for online gaming and internet services; and **Huaneng Equipment** (Shandong Mining Machine Huaneng Equipment Manufacturing Co., Ltd.), a newly established wholly-owned subsidiary for traditional coal machinery and sales businesses[11](index=11&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=Part%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Company Profile](index=5&type=section&id=Company%20Profile) Shandong Mining Machine Group Co., Ltd. (stock code: 002526) is listed on the Shenzhen Stock Exchange, with Zhao Hatao as its legal representative | Item | Content | | :--- | :--- | | Stock Abbreviation | Shandong Mining Machine | | Stock Code | 002526 | | Listing Exchange | Shenzhen Stock Exchange | | Legal Representative | Zhao Hatao | [Key Accounting Data and Financial Indicators](index=5&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In H1 2018, operating revenue grew by **95.42%** to **965.57 million yuan**, and net profit attributable to shareholders surged **396.45%** to **74.33 million yuan**, indicating strong growth and healthy cash flow | Key Financial Indicators | Current Period | Prior Year Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (yuan) | 965,565,841.38 | 494,104,945.71 | 95.42% | | Net Profit Attributable to Shareholders of Listed Company (yuan) | 74,327,003.78 | 14,971,690.39 | 396.45% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) (yuan) | 70,344,727.01 | 10,699,741.97 | 557.44% | | Net Cash Flow from Operating Activities (yuan) | 148,433,701.74 | 68,867,083.87 | 115.54% | | Basic Earnings Per Share (yuan/share) | 0.0710 | 0.0217 | 227.19% | | Weighted Average Return on Net Assets | 3.21% | 0.88% | 2.33% | | Total Assets (yuan) | 3,093,410,527.99 | 3,060,713,254.65 | 1.07% | | Net Assets Attributable to Shareholders of Listed Company (yuan) | 2,364,124,850.64 | 2,278,644,256.93 | 3.75% | [Non-recurring Gains and Losses and Amounts](index=7&type=section&id=Non-recurring%20Gains%20and%20Losses%20and%20Amounts) Non-recurring gains and losses totaled **3.98 million yuan**, primarily from government grants, entrusted investment income, and asset disposals, impacting net profit but showing strong core profitability | Item | Amount (yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 518,661.82 | | Government Grants Recognized in Current P&L | 1,827,270.00 | | Gains/Losses from Entrusted Investments or Asset Management | 2,014,737.53 | | Other Non-operating Income and Expenses | 532,628.20 | | **Total** | **4,893,297.55** | | Less: Income Tax Impact | 747,912.12 | | Less: Impact on Minority Interests (After Tax) | 163,108.66 | | **Net Non-recurring Gains and Losses** | **3,982,276.77** | [Business Overview](index=8&type=section&id=Part%20III%20Business%20Overview) [Main Businesses During the Reporting Period](index=8&type=section&id=Main%20Businesses%20During%20the%20Reporting%20Period) The company pursues a dual-core strategy of 'coal machinery, coal sales, and mining services' and 'online gaming and internet services', with both segments showing significant growth - The company has established a dual-core operating model: **Traditional Business**: coal machinery production (hydraulic supports, conveyors, etc.), coal sales, and coal mining services, with performance gradually improving due to the coal market recovery; **Emerging Business**: online gaming and internet services, which has become a new profit growth point after the acquisition of Linyou Interactive in 2017[28](index=28&type=chunk) [Core Competitiveness Analysis](index=9&type=section&id=Core%20Competitiveness%20Analysis) Core competencies include over sixty years of management experience, strong R&D, advanced manufacturing, comprehensive product lines, and public company brand advantages - Core competitiveness covers **seven major advantages**: management, team, technology, equipment, products, brand, and platform, with technological advantages in over a hundred patents and integrated complete equipment support, and product advantages in 'three machines and one support' and one-stop service[32](index=32&type=chunk)[33](index=33&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Part%20IV%20Management%20Discussion%20and%20Analysis) [Operating Overview](index=10&type=section&id=Overview) All business segments experienced healthy growth, with coal-related revenue up **78.99%** to **704.51 million yuan** and gaming revenue at **139 million yuan**, supported by internal business integration - Coal Machinery, Coal Sales, and Coal Mining Services achieved **704.51 million yuan** in sales revenue in H1, a **78.99%** YoY increase[36](index=36&type=chunk) - Online Gaming subsidiary Linyou Interactive achieved **139 million yuan** in sales revenue during the reporting period, contributing significantly to performance[37](index=37&type=chunk) - The company underwent internal business integration, transferring coal machinery production and coal sales to its wholly-owned subsidiary Shandong Mining Machine Huaneng Equipment Manufacturing Co., Ltd., with the parent company shifting to strategic investment and capital operation[37](index=37&type=chunk) [Main Business Analysis](index=10&type=section&id=Main%20Business%20Analysis) Total operating revenue increased **95.42%**, with machinery manufacturing, coal sales, and gaming contributing significantly, all showing improved gross margins due to market recovery and acquisition | Key Financial Data | Current Period (yuan) | Prior Year Period (yuan) | YoY Change | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 965,565,841.38 | 494,104,945.71 | 95.42% | Increased orders, increased sales revenue | | Operating Cost | 726,748,920.54 | 412,096,027.39 | 76.35% | Increased sales revenue, corresponding increase in costs | | Financial Expenses | 2,785,650.74 | 7,379,613.83 | -62.25% | Reduced bank borrowings | | Income Tax Expense | 25,138,482.96 | 67,715.35 | 37,023.76% | Increased profit and consolidation of Linyou Interactive data | | Net Cash Flow from Operating Activities | 148,433,701.74 | 68,867,083.87 | 115.54% | Increased business volume, increased collections | | Net Cash Flow from Investing Activities | -100,965,454.19 | 117,646,646.12 | -185.82% | Increased purchase of wealth management products | | Operating Revenue Composition by Industry | Amount (yuan) | Proportion of Operating Revenue | Gross Margin | YoY Change in Gross Margin | | :--- | :--- | :--- | :--- | :--- | | Machinery Manufacturing | 676,222,690.79 | 70.03% | 23.04% | 1.93% | | Coal Sales and Coal Mining Services | 150,333,095.13 | 15.57% | 27.14% | 33.00% | | Gaming Segment | 139,010,055.46 | 14.40% | 30.39% | 30.39% | [Assets and Liabilities Analysis](index=13&type=section&id=Assets%20and%20Liabilities%20Analysis) Total assets slightly increased to **3.09 billion yuan**, with short-term borrowings decreasing significantly, indicating reduced debt pressure, while **53.35 million yuan** in assets are restricted - Short-term borrowings as a proportion of total assets decreased from **10.92%** in the prior year to **3.56%** at the end of the reporting period, indicating eased short-term debt pressure[45](index=45&type=chunk) | Restricted Asset Item | Book Value at Period End (yuan) | Reason for Restriction | | :--- | :--- | :--- | | Cash and Cash Equivalents | 4,300,000.00 | Bank Acceptance Bill Deposit | | Cash and Cash Equivalents | 3,035,282.91 | Letter of Guarantee Deposit | | Cash and Cash Equivalents | 1,000,000.00 | Litigation Freeze | | Fixed Assets | 34,737,491.06 | Pledged for Loans | | Intangible Assets | 10,273,158.61 | Pledged for Loans | | **Total** | **53,345,932.58** | | [Investment Analysis](index=14&type=section&id=Investment%20Analysis) Investment increased by **450%** to **22 million yuan**, with **10.03 million yuan** in matching funds raised for restructuring, the remaining **29,400 yuan** permanently supplementing working capital - Investment during the reporting period was **22 million yuan**, a **450%** increase from **4 million yuan** in the prior year[48](index=48&type=chunk) - The company completed **10.03 million yuan** in matching funds raised in March 2018 to cover restructuring intermediary fees, with the remaining **29,400 yuan** (including interest) permanently supplementing working capital[55](index=55&type=chunk)[56](index=56&type=chunk) [Analysis of Major Holding and Participating Companies](index=16&type=section&id=Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) Linyou Interactive and Yulin Tianning Mining Service were major profit contributors, with net profits of **32.70 million yuan** and **30.64 million yuan** respectively, alongside profitable traditional manufacturing subsidiaries | Major Subsidiary Name | Main Business | Operating Revenue (yuan) | Net Profit (yuan) | | :--- | :--- | :--- | :--- | | Beijing Linyou Interactive Technology Co., Ltd. | Online Gaming | 139,010,055.46 | 32,703,357.42 | | Yulin Tianning Mining Service Co., Ltd. | Coal Mining Services | 100,152,929.56 | 30,638,644.02 | | Shandong Xinchuan Machinery Co., Ltd. | Machinery Manufacturing | 85,522,606.97 | 4,482,406.59 | | Shandong Chengtong Forging Co., Ltd. | Machinery Manufacturing | 66,228,981.51 | 3,584,171.59 | [Forecast of Operating Performance for Jan-Sep 2018](index=17&type=section&id=Forecast%20of%20Operating%20Performance%20for%20Jan-Sep%202018) Net profit attributable to shareholders for Jan-Sep 2018 is projected to be **105 million to 123 million yuan**, a **185.51% to 234.46%** increase, driven by coal market recovery and gaming segment contributions | Performance Forecast | Jan-Sep 2018 | | :--- | :--- | | Net Profit Attributable to Parent Company (Range, ten thousand yuan) | 10,500 至 12,300 | | Net Profit Attributable to Parent Company (Change Rate) | 185.51% 至 234.46% | [Significant Events](index=18&type=section&id=Part%20V%20Significant%20Events) [Profit Distribution and Capital Reserve to Share Capital Increase Plan](index=18&type=section&id=Profit%20Distribution%20or%20Capital%20Reserve%20to%20Share%20Capital%20Increase%20Plan%20for%20the%20Reporting%20Period) The company proposes no cash dividends but a **7-for-10 share capital increase** from capital reserves, raising total share capital from **1.05 billion to 1.78 billion shares**, pending shareholder approval | Distribution/Conversion Plan | Details | | :--- | :--- | | Bonus Shares per 10 Shares | 0 shares | | Dividend per 10 Shares (yuan) | 0 yuan | | Capital Reserve to Share Capital Increase per 10 Shares | 7 shares | | Share Capital Base | 1,048,702,257 shares | [Major Asset Restructuring](index=26&type=section&id=Major%20Asset%20Restructuring) The acquisition of **100%** equity in Linyou Interactive was completed, with new shares issued for asset purchase and matching funds listed in January and April 2018, respectively - The company completed major asset restructuring by acquiring **100%** equity of Linyou Interactive; newly issued shares for asset acquisition (**80,893,681 shares**) were listed on January 2, 2018, and newly issued shares for matching funds (**1,990,000 shares**) were listed on April 10, 2018[102](index=102&type=chunk)[103](index=103&type=chunk) [Internal Business Integration and Organizational Adjustment](index=27&type=section&id=Internal%20Business%20Integration%20and%20Organizational%20Adjustment) Traditional coal machinery and sales businesses were transferred to Huaneng Equipment, transforming the parent company into a strategic investment, capital operation, and supervision platform - The company transferred traditional businesses like coal machinery production and coal sales to its wholly-owned subsidiary Huaneng Equipment, with the parent company transforming into a strategic investment, capital operation, and supervision platform[105](index=105&type=chunk) [Litigation Matters](index=21&type=section&id=Litigation%20Matters) A major lawsuit against Inner Mongolia Jinyue Energy Group for **68.41 million yuan** in fund occupation fees is ongoing, with the execution outcome currently uncertain - The company is involved in a major lawsuit with an amount of **68.41 million yuan** against Inner Mongolia Jinyue Energy Group, with the outcome of the judgment execution is currently uncertain[77](index=77&type=chunk) [Share Changes and Shareholder Information](index=28&type=section&id=Part%20VI%20Share%20Changes%20and%20Shareholder%20Information) [Share Changes](index=28&type=section&id=Share%20Changes) Total share capital increased from **615 million to 1.05 billion shares** due to new share issuances for asset acquisition, matching funds, and a capital reserve to share capital increase - During the reporting period, the company's total share capital increased from **614,893,681 shares** to **1,048,702,257 shares**, due to non-public issuance of new shares and capital reserve to share capital increase[109](index=109&type=chunk) - Share changes mainly include: issuance of **80,893,681 new shares** for asset acquisition, **1,990,000 new shares** for matching funds, and a capital reserve to share capital increase of **431,818,576 shares**[109](index=109&type=chunk)[114](index=114&type=chunk) [Shareholder Numbers and Shareholding Status](index=30&type=section&id=Shareholder%20Numbers%20and%20Shareholding%20Status) The company has **46,461** common shareholders, with top shareholder Zhao Duxue holding **20.79%** (partially pledged), and new shareholders Zhou Lifei and Liao Peng joining the top ten - At the end of the reporting period, the total number of common shareholders was **46,461 accounts**[116](index=116&type=chunk) | Top Five Shareholders | Shareholder Nature | Shareholding Percentage | Share Status | | :--- | :--- | :--- | :--- | | Zhao Duxue | Domestic Natural Person | 20.79% | Pledged 144,500,000 shares | | Zhou Lifei | Domestic Natural Person | 5.64% | Pledged 58,000,000 shares | | Liao Peng | Domestic Natural Person | 4.20% | - | | Zhang Yizhen | Domestic Natural Person | 1.55% | - | | Pan Yueran | Domestic Natural Person | 1.31% | - | [Preferred Share Information](index=33&type=section&id=Part%20VII%20Preferred%20Share%20Information) [Preferred Share Status](index=33&type=section&id=Preferred%20Share%20Status) The company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[122](index=122&type=chunk) [Directors, Supervisors, and Senior Management](index=34&type=section&id=Part%20VIII%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) [Changes in Directors, Supervisors, and Senior Management](index=35&type=section&id=Changes%20in%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) On May 8, 2018, the company completed board and supervisory board re-elections, with several directors and supervisors leaving and new members elected, ensuring management continuity - On May 8, 2018, due to re-election, several directors, supervisors, and senior management personnel changed: Yan Fengchun (Vice Chairman), Chen Xuewei (Director, Deputy General Manager), Zhao Shiwu (Director), Liu Kun (Independent Director), Shan Yuntao (Independent Director), and Zhu Yun (Supervisor) left office upon term expiration. Simultaneously, Zhang Yong was elected as Vice Chairman, Zhong Qingfu and Yang Guangbing as Directors, Zhang Songbai and Shen Wei as Independent Directors, and Pan Junwei as Supervisor[126](index=126&type=chunk) [Corporate Bond Information](index=36&type=section&id=Part%20IX%20Corporate%20Bond%20Information) [Corporate Bond Status](index=36&type=section&id=Corporate%20Bond%20Status) The company had no publicly issued corporate bonds listed on a stock exchange that were not due or not fully redeemed by the report approval date - The company had no corporate bonds that were not due or not fully redeemed by the due date[129](index=129&type=chunk) [Financial Report](index=37&type=section&id=Part%20X%20Financial%20Report) [Audit Report](index=37&type=section&id=Audit%20Report) The 2018 semi-annual financial report was audited by Beijing Yongtuo Certified Public Accountants (Special General Partnership), receiving a standard unqualified audit opinion - This semi-annual report has been audited by Beijing Yongtuo Certified Public Accountants (Special General Partnership), which issued a standard unqualified audit opinion[131](index=131&type=chunk) [Financial Statements](index=37&type=section&id=Financial%20Statements) As of June 30, 2018, total assets were **3.09 billion yuan**, owner's equity **2.36 billion yuan**, total operating revenue **965.57 million yuan**, and net profit **74.33 million yuan**, with strong operating cash flow | Statement Item | Balance at Period End / Amount for Current Period (yuan) | | :--- | :--- | | **Balance Sheet** | | | Total Assets | 3,093,410,527.99 | | Total Liabilities | 671,793,088.54 | | Equity Attributable to Owners of the Parent Company | 2,364,124,850.64 | | **Income Statement** | | | Total Operating Revenue | 965,565,841.38 | | Net Profit Attributable to Owners of the Parent Company | 74,327,003.78 | | **Cash Flow Statement** | | | Net Cash Flow from Operating Activities | 148,433,701.74 | [Notes to Consolidated Financial Statement Items](index=79&type=section&id=Notes%20to%20Consolidated%20Financial%20Statement%20Items) Notes detail financial statement items, with main business revenue at **945 million yuan**, primarily from coal machinery, coal sales, and the new gaming segment, reflecting increased market and R&D investment | Main Business Segment | Operating Revenue (yuan) | Operating Cost (yuan) | | :--- | :--- | :--- | | Coal Mining Machinery and Equipment | 554,175,020.99 | 428,674,280.35 | | Coal Sales and Coal Mining Services | 150,333,095.13 | 109,536,924.40 | | Gaming Segment | 139,010,055.46 | 96,765,011.51 | | Printing Equipment | 82,602,372.56 | 60,814,394.74 | | Building Materials Machinery and Equipment | 14,830,426.33 | 20,822,250.32 | | Other | 4,043,722.18 | 2,495,626.94 | | **Total** | **944,994,692.65** | **719,108,488.26** | [Reference Documents Catalog](index=145&type=section&id=Part%20XI%20Reference%20Documents%20Catalog) [Reference Documents](index=145&type=section&id=Reference%20Documents) This section lists reference documents available to investors, including the original semi-annual report, signed financial statements, and all legally disclosed documents and announcements - Reference documents include: - Original 2018 semi-annual report signed by the legal representative - Financial statements signed and sealed by relevant responsible persons - Originals of all legally disclosed documents and announcements during the reporting period[563](index=563&type=chunk)

山东矿机集团股份有限公司 2018 年第一季度报告正文 证券代码：002526 证券简称：山东矿机 公告编号：2018-023 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵华涛、主管会计工作负责人张星春及会计机构负责人(会计主 管人员)杨昭明声明：保证季度报告中财务报表的真实、准确、完整。 2 山东矿机集团股份有限公司 2018 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 山东矿机集团股份有限公司 2018 年第一季度报告正文 2018 年 04 月 1 山东矿机集团股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 411,636,684.33 | 235,161,100.80 | 75.04% | | 归属于上 ...