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 ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Item%201.%20Important%20Notice%2C%20Table%20of%20Contents%20and%20Definitions) This section provides important disclaimers, the report's table of contents, and definitions of key terms [Important Notice](index=2&type=section&id=Important%20Notice) The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of the annual report, which highlights policy, industry, and transformation risks, and proposes a capital reserve capitalization plan of 7 shares for every 10 shares - The company faces three main risks: - **Policy Risk**: Adjustments in national macroeconomic, coal industry, and environmental policies may impact the company's performance - **Industry Risk**: The company's performance is significantly affected by the development and price fluctuations in the coal industry - **Transformation Risk**: The company's transition to a "coal machinery + gaming" dual-main business model faces technology, market, and management risks in new areas[6](index=6&type=chunk) - The company's 2017 profit distribution plan is to capitalize **7 shares for every 10 shares** held by all shareholders from capital reserves, with no cash dividends or bonus shares[6](index=6&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=Item%202.%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section presents the company's basic information and a summary of its key financial performance and position [Company Basic Information](index=5&type=section&id=I.%20Company%20Information) Shandong Mining Machinery Group Co., Ltd. (stock code: 002526) is listed on the Shenzhen Stock Exchange, with Zhao Huatao as its legal representative, and its registered and operational addresses are in Changle County Economic Development Zone, Shandong Province Key Company Information | Item | Content | | :--- | :--- | | **Stock Abbreviation** | Shandong Mining Machinery | | **Stock Code** | 002526 | | **Listing Exchange** | Shenzhen Stock Exchange | | **Legal Representative** | Zhao Huatao | [Key Accounting Data and Financial Indicators](index=6&type=section&id=VI.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In 2017, the company achieved significant performance growth, with operating revenue increasing by 61.35% and net profit attributable to shareholders soaring by 567.47%, while total assets and net assets also grew steadily Key Financial Indicators | Key Financial Indicators | 2017 (CNY) | 2016 (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue** | 1,382,049,961.49 | 856,527,703.61 | 61.35% | | **Net Profit Attributable to Shareholders of Listed Company** | 71,335,180.60 | 10,687,413.19 | 567.47% | | **Net Profit Attributable to Shareholders of Listed Company After Non-Recurring Items** | 48,820,839.92 | -89,440,441.76 | 154.58% | | **Net Cash Flow from Operating Activities** | 156,483,965.52 | 139,077,066.73 | 12.52% | | **Basic Earnings Per Share (CNY/share)** | 0.1336 | 0.0200 | 568.00% | | **Total Assets** | 3,060,713,254.65 | 2,663,596,850.86 | 14.91% | | **Net Assets Attributable to Shareholders of Listed Company** | 2,278,644,256.93 | 1,701,584,258.19 | 33.91% | [Non-Recurring Gains and Losses Items and Amounts](index=7&type=section&id=IX.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) In 2017, the company's non-recurring gains and losses totaled 22.51 million Yuan, a significant decrease from 100.13 million Yuan in 2016, primarily due to reduced gains/losses on disposal of non-current assets and government grants Non-Recurring Gains and Losses | Item | 2017 Amount (CNY) | 2016 Amount (CNY) | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 3,171,059.69 | 50,063,690.24 | | Government Grants Recognized in Current Profit/Loss | 2,315,449.29 | 27,440,524.15 | | Other Non-Operating Income and Expenses | 19,144,606.09 | 23,473,017.53 | | **Total** | **22,514,340.68** | **100,127,854.95** | [Company Business Overview](index=9&type=section&id=Item%203.%20Company%20Business%20Overview) This section outlines the company's principal businesses and analyzes its core competitive advantages [Principal Businesses](index=9&type=section&id=I.%20Principal%20Businesses%20During%20the%20Reporting%20Period) The company established a dual-main business model of "coal machinery production, coal sales, and mining services" alongside "online gaming and internet services" during the reporting period, with traditional coal machinery benefiting from market recovery and new gaming business enhancing overall strength - The company's original principal businesses were coal machinery production, coal sales, and mining services, which remained stable, with mining services contributing strong performance[30](index=30&type=chunk) - In 2017, the company acquired gaming operator Beijing Linyou Interactive Technology Co., Ltd., initiating a diversified operating model with dual main businesses encompassing traditional and emerging sectors[30](index=30&type=chunk) [Analysis of Core Competencies](index=9&type=section&id=III.%20Analysis%20of%20Core%20Competencies) The company's core competitiveness stems from its seven major advantages: management, team, technology, equipment, products, brand, and platform, supported by decades of experience, strong R&D, and comprehensive equipment supply capabilities - The company possesses seven core advantages: management, team, technology, equipment, products, brand, and platform[32](index=32&type=chunk)[33](index=33&type=chunk)[34](index=34&type=chunk) - Technologically, the company is the Shandong Coal Machinery Engineering Technology Research Center, holding **24 patents** and possessing comprehensive complete set supply capabilities for "three machines and one support" in fully mechanized mining faces[33](index=33&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=Item%204.%20Management%20Discussion%20and%20Analysis) This section provides a comprehensive discussion and analysis of the company's operational performance, financial condition, and future outlook [Overview of Operations](index=11&type=section&id=I.%20Overview) In 2017, the company significantly improved its overall performance by leveraging the coal industry recovery to boost traditional coal machinery and mining profits, while also acquiring Beijing Linyou Interactive to establish a "coal machinery + gaming" dual-main business model - Traditional segment: Benefiting from the coal industry recovery, coal machinery and mining services significantly improved, leading to a substantial increase in profits[37](index=37&type=chunk) - Emerging segment: The acquisition of Beijing Linyou Interactive Technology Co., Ltd. was completed, initiating a dual-main business development model of "coal machinery production, coal sales, and mining services" plus "online gaming and internet services," which enhanced the company's overall performance[37](index=37&type=chunk)[38](index=38&type=chunk) [Analysis of Principal Business](index=12&type=section&id=II.%20Analysis%20of%20Principal%20Business) During the reporting period, the company's operating revenue increased by 61.35%, driven by the machinery industry and coal sales/mining services, with coal mining equipment revenue growing by 94.86% and a new online gaming business contributing 25.37 million Yuan Operating Revenue Composition | Operating Revenue Composition | 2017 Amount (CNY) | Proportion | YoY Change | | :--- | :--- | :--- | :--- | | **By Industry** | | | | | Machinery Industry | 899,236,271.61 | 65.07% | 74.47% | | Coal Sales and Mining Services | 389,854,692.27 | 28.21% | 59.88% | | IT Industry | 25,374,397.34 | 1.84% | - | | **By Product** | | | | | Coal Mining Machinery and Equipment | 745,747,108.08 | 53.96% | 94.86% | | Printing Equipment | 141,396,974.12 | 10.23% | 36.96% | Key Segment Gross Profit Margins | Key Segment Gross Profit Margin | 2017 Gross Profit Margin | YoY Change in Gross Profit Margin | | :--- | :--- | :--- | | Machinery Industry | 23.78% | 3.86% | | Coal Sales and Mining Services | 14.38% | 4.78% | | Coal Mining Machinery and Equipment | 24.51% | 5.82% | Key Expense Items | Expense Item | 2017 (CNY) | 2016 (CNY) | YoY Change | Explanation of Change | | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | 79,878,365.68 | 53,420,904.47 | 49.53% | Increase due to higher sales revenue of principal products | | Financial Expenses | 12,127,288.35 | 25,141,771.23 | -51.76% | Decrease due to repayment of some bank loans, reducing interest expenses | R&D Investment | R&D Investment | 2017 | 2016 | Change Ratio | | :--- | :--- | :--- | :--- | | R&D Investment Amount (CNY) | 21,175,049.26 | 18,414,698.13 | 14.99% | | R&D Investment as % of Operating Revenue | 1.53% | 2.15% | -0.62% | Key Cash Flow Items | Cash Flow Item | 2017 (CNY) | 2016 (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 156,483,965.52 | 139,077,066.73 | 12.52% | | Net Cash Flow from Investing Activities | 257,224,511.76 | 11,696,105.80 | 2,099.23% | | Net Cash Flow from Financing Activities | -306,822,078.78 | -175,650,223.61 | -74.68% | | Net Increase in Cash and Cash Equivalents | 106,886,398.50 | -24,877,051.08 | - | [Analysis of Assets and Liabilities](index=17&type=section&id=IV.%20Analysis%20of%20Assets%20and%20Liabilities) As of year-end 2017, the company's total assets reached 3.06 billion Yuan, growing by 14.91%, with a significant increase in goodwill to 438 million Yuan due to the Linyou Interactive acquisition, while short-term borrowings substantially decreased, optimizing the debt structure - Due to the acquisition of Beijing Linyou Interactive Technology Co., Ltd., the company's goodwill increased from **0 to 438 million Yuan**, accounting for **14.30%** of total assets[58](index=58&type=chunk) - Short-term borrowings significantly decreased from **395 million Yuan to 100 million Yuan**, with its proportion of total assets falling from **14.83% to 3.27%**, indicating reduced debt pressure for the company[58](index=58&type=chunk) [Analysis of Investment Status](index=18&type=section&id=V.%20Analysis%20of%20Investment%20Status) The most significant investment activity during the reporting period was the acquisition of 100% equity in Beijing Linyou Interactive Technology Co., Ltd. for 518 million Yuan through share issuance, aiming to expand into online gaming and internet services for new profit growth Major Investments | Investee Company | Principal Business | Investment Method | Investment Amount (CNY) | Shareholding Percentage | Investment Gain/Loss for the Period (CNY) | | :--- | :--- | :--- | :--- | :--- | :--- | | Beijing Linyou Interactive Technology Co., Ltd. | Online Gaming and Internet Services | Acquisition | 517,719,558.40 | 100.00% | 4,125,122.49 | [Significant Asset and Equity Disposals](index=19&type=section&id=VI.%20Significant%20Asset%20and%20Equity%20Disposals) On June 29, 2017, the company sold 85% of its equity in Changle County Wutu Coal Mine Co., Ltd. to Guizhou Taifengyuan Mining Resources Co., Ltd. for 22 million Yuan, which helped revitalize funds, accelerate transformation, and added approximately 5.05 million Yuan to current net profit - The company sold **85%** of its equity in Changle County Wutu Coal Mine Co., Ltd. for a transaction price of **22 million Yuan**, increasing the company's net profit by approximately **5.05 million Yuan**[66](index=66&type=chunk) [Analysis of Major Holding and Participating Companies](index=20&type=section&id=VII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) During the reporting period, Yulin City Tianning Mining Services Co., Ltd. was a key profit contributor with 31.20 million Yuan in net profit, while the newly acquired Beijing Linyou Interactive Technology Co., Ltd. contributed 4.13 million Yuan, and the company also divested 85% of Wutu Coal Mine equity Major Holding and Participating Companies | Company Name | Type | Principal Business | Operating Revenue (CNY) | Net Profit (CNY) | | :--- | :--- | :--- | :--- | :--- | | Yulin City Tianning Mining Services Co., Ltd. | Subsidiary | Mining Services, etc. | 149,378,688.56 | 31,195,820.09 | | Shandong Xinchuan Machinery Co., Ltd. | Subsidiary | Printing Machinery, etc. | 145,591,568.28 | 6,034,429.31 | | Beijing Linyou Interactive Technology Co., Ltd. | Subsidiary | Online Gaming, etc. | 25,374,397.34 | 4,125,122.49 | [Company's Future Development Outlook](index=21&type=section&id=IX.%20Company's%20Future%20Development%20Outlook) The company plans to deepen its "coal machinery + gaming" dual-main business strategy, focusing on "four modernizations" for traditional manufacturing and seeking new opportunities for online gaming, while integrating quality resources through M&A and managing risks from policy, industry, and business transformation - Company Development Strategy: - **Traditional Manufacturing Segment**: Strengthen the "four modernizations" strategy: **refinement, complete sets, automation, and service-oriented** - **Online Gaming and Internet Services Segment**: Seek new opportunities and projects, strengthen diversified development - **Capital Operations**: Integrate resources through investments and M&A, focusing on opportunities in coal machinery, mining, and gaming industries[70](index=70&type=chunk)[71](index=71&type=chunk) - The company faces risks including policy and industry risks related to the coal sector, as well as technology, market, and management risks associated with transitioning into new business areas[72](index=72&type=chunk)[73](index=73&type=chunk) [Significant Events](index=23&type=section&id=Item%205.%20Significant%20Events) This section details important corporate events, including profit distribution plans, fulfillment of commitments, and other major announcements [Profit Distribution and Capital Reserve Capitalization](index=23&type=section&id=I.%20Profit%20Distribution%20and%20Capital%20Reserve%20Capitalization%20of%20Ordinary%20Shares) Due to negative distributable profit at year-end 2017, the company decided against profit distribution but proposed a capital reserve capitalization plan of 7 shares for every 10 shares based on a total share capital of 616,883,681 shares, with no cash dividends in the past three years - 2017 profit distribution plan: No cash dividends will be distributed, and **7 shares for every 10 shares** will be capitalized from capital reserves to all shareholders[78](index=78&type=chunk)[81](index=81&type=chunk) - The reason for no profit distribution is that as of year-end 2017, the parent company's distributable profit to shareholders was **-2.57 million Yuan**[78](index=78&type=chunk)[81](index=81&type=chunk) [Fulfillment of Commitments](index=24&type=section&id=III.%20Fulfillment%20of%20Commitments) During the reporting period, the company and related parties strictly fulfilled all commitments made during the Linyou Interactive acquisition, including share lock-up, performance pledges (2017 net profit not less than 42 million Yuan), and commitments to avoid horizontal competition and regulate related party transactions - Linyou Interactive's original shareholders committed that the net profit attributable to the parent company after non-recurring items for Linyou Interactive in 2017-2019 would be no less than **42 million Yuan**, **54 million Yuan**, and **69 million Yuan**, respectively[86](index=86&type=chunk) - Linyou Interactive's transaction counterparts (Zhou Lifei, Liao Peng, etc.) made phased share lock-up commitments, with the longest lock-up period being **36 months**[82](index=82&type=chunk) [Explanation of Other Significant Matters](index=47&type=section&id=XIX.%20Explanation%20of%20Other%20Significant%20Matters) The most significant event during the reporting period was the company's share issuance to acquire 100% equity of Beijing Linyou Interactive Technology Co., Ltd. and raise supporting funds, which was conditionally approved by the CSRC on August 30, 2017, completed asset transfer on December 12, and saw new shares listed on January 2, 2018, marking the formal entry into a "coal machinery + gaming" dual-main business model - The company's share issuance for asset acquisition (Linyou Interactive) and raising supporting funds was conditionally approved by the CSRC on **August 30, 2017**[131](index=131&type=chunk) - The target asset, **100% equity** in Linyou Interactive, was transferred on **December 12, 2017**, making it a wholly-owned subsidiary of the company[132](index=132&type=chunk) - The newly issued shares for the asset acquisition were listed on **January 2, 2018**[132](index=132&type=chunk) [Changes in Share Capital and Shareholder Information](index=48&type=section&id=Item%206.%20Changes%20in%20Share%20Capital%20and%20Shareholder%20Information) This section reports on changes in the company's share capital structure and provides details about its shareholders and actual controller [Changes in Share Capital](index=48&type=section&id=I.%20Changes%20in%20Share%20Capital) During the reporting period, the company's total share capital increased from 534 million shares to 615 million shares due to a non-public offering for the Linyou Interactive acquisition, adding 80,893,681 new shares that were listed on January 2, 2018, altering the shareholder structure Changes in Share Capital | Item | Before Change (shares) | Increase/Decrease (shares) | After Change (shares) | | :--- | :--- | :--- | :--- | | **Restricted Shares** | 74,988,146 | +16,757,138 | 91,745,284 | | **Unrestricted Shares** | 459,011,854 | +64,136,543 | 523,148,397 | | **Total Shares** | **534,000,000** | **+80,893,681** | **614,893,681** | - The change in share capital was due to the company's non-public offering of **80,893,681 new shares** for the acquisition of assets (Linyou Interactive)[137](index=137&type=chunk) [Shareholders and Actual Controller Information](index=51&type=section&id=III.%20Shareholders%20and%20Actual%20Controller%20Information) As of year-end 2017, the company had 46,030 shareholders, with Mr. Zhao Duxue remaining the controlling shareholder and actual controller holding 20.86% of shares, while Zhou Lifei and Liao Peng became major shareholders due to the Linyou Interactive acquisition - The company's controlling shareholder and actual controller is Zhao Duxue, with a shareholding ratio of **20.86%** at the end of the reporting period[148](index=148&type=chunk)[151](index=151&type=chunk)[152](index=152&type=chunk) Top Five Shareholders | Top Five Shareholders | Shareholder Nature | Shareholding Percentage | | :--- | :--- | :--- | | Zhao Duxue | Domestic Natural Person | 20.86% | | Zhou Lifei | Domestic Natural Person | 5.66% | | Liao Peng | Domestic Natural Person | 4.21% | | Zhang Yizhen | Domestic Natural Person | 1.55% | | Pan Yueran | Domestic Natural Person | 1.32% | [Directors, Supervisors, Senior Management, and Employees](index=56&type=section&id=Item%208.%20Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) This section provides information on the company's directors, supervisors, senior management, including their shareholdings and overall employee structure [Changes in Shareholdings of Directors, Supervisors, and Senior Management](index=56&type=section&id=I.%20Changes%20in%20Shareholdings%20of%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, there were no changes in the shareholdings of the company's directors, supervisors, and senior management - During the reporting period, there were no increases or decreases in the shareholdings of any directors, supervisors, or senior management personnel[157](index=157&type=chunk) [Company Employee Information](index=60&type=section&id=V.%20Company%20Employee%20Information) As of the end of the reporting period, the company had a total of 1,740 employees, with production personnel constituting the largest group at 1,201, followed by technical personnel at 245, and the majority of employees holding college degrees or lower Employee Professional Composition | Professional Composition | Number of People | | :--- | :--- | | Production Personnel | 1,201 | | Sales Personnel | 154 | | Technical Personnel | 245 | | Financial Personnel | 87 | | Administrative Personnel | 53 | | **Total** | **1,740** | [Corporate Governance](index=62&type=section&id=Item%209.%20Corporate%20Governance) This section describes the company's corporate governance framework and the effectiveness of its internal control systems [Basic Status of Corporate Governance](index=62&type=section&id=I.%20Basic%20Status%20of%20Corporate%20Governance) During the reporting period, the company operated in strict compliance with relevant laws and regulations, ensuring its corporate governance practices, including shareholder meetings, board and supervisory board operations, information disclosure, and insider information management, were consistent with CSRC regulations - The company's actual corporate governance situation largely complies with the requirements of relevant laws, regulations, and rules, with no significant discrepancies[175](index=175&type=chunk)[177](index=177&type=chunk) - The company strictly implements the "Insider Information Registrant Management System" and diligently carries out the registration and filing of insider information registrants[176](index=176&type=chunk) [Internal Control Evaluation Report](index=64&type=section&id=IX.%20Internal%20Control%20Evaluation%20Report) The company's board of directors affirmed that as of December 31, 2017, the company maintained effective internal controls over financial reporting in all material aspects, with no significant or material weaknesses identified in financial or non-financial reporting during the period, and the accounting firm issued a standard unqualified internal control audit opinion - No significant or material weaknesses in internal control were identified during the reporting period[187](index=187&type=chunk)[188](index=188&type=chunk) - The accounting firm issued a standard unqualified audit opinion on the effectiveness of the company's internal controls over financial reporting as of December 31, 2017[189](index=189&type=chunk) [Financial Report](index=67&type=section&id=Item%2011.%20Financial%20Report) This section presents the audited financial statements, including the balance sheet, income statement, cash flow statement, and notes to the financial statements [Audit Report](index=67&type=section&id=I.%20Audit%20Report) Beijing Yongtuo Certified Public Accountants issued a standard unqualified audit opinion on the company's 2017 financial statements, with key audit matters focusing on goodwill impairment for the 438 million Yuan goodwill from Beijing Linyou Interactive acquisition and impairment provisions for accounts receivable - The audit opinion type is a **standard unqualified opinion**[193](index=193&type=chunk) - Key audit matters include: - **Goodwill Impairment**: Primarily refers to the impairment test conducted on the **438 million Yuan** goodwill arising from the acquisition of Beijing Linyou Interactive Technology Co., Ltd - **Allowance for Doubtful Accounts**: The estimation of the recoverable amount of accounts receivable involves significant management judgment[195](index=195&type=chunk)[196](index=196&type=chunk) [Financial Statements](index=70&type=section&id=II.%20Financial%20Statements) In 2017, the company's financial position remained stable, with total assets growing to 3.06 billion Yuan and equity attributable to the parent company increasing to 2.28 billion Yuan, while operating revenue reached 1.38 billion Yuan, a 61.35% increase, and net profit attributable to the parent company was 71.34 million Yuan, up 567.47% Key Items from Consolidated Balance Sheet | Key Items from Consolidated Balance Sheet | December 31, 2017 (CNY) | December 31, 2016 (CNY) | | :--- | :--- | :--- | | **Total Assets** | 3,060,713,254.65 | 2,663,596,850.86 | | **Total Liabilities** | 725,237,479.48 | 887,207,946.76 | | **Equity Attributable to Parent Company Owners** | 2,278,644,256.93 | 1,701,584,258.19 | Key Items from Consolidated Income Statement | Key Items from Consolidated Income Statement | 2017 (CNY) | 2016 (CNY) | | :--- | :--- | :--- | | **Total Operating Revenue** | 1,382,049,961.49 | 856,527,703.61 | | **Operating Profit** | 85,481,295.98 | -40,620,629.88 | | **Total Profit** | 103,724,244.29 | 10,482,795.49 | | **Net Profit Attributable to Parent Company Owners** | 71,335,180.60 | 10,687,413.19 | Key Items from Consolidated Cash Flow Statement | Key Items from Consolidated Cash Flow Statement | 2017 (CNY) | 2016 (CNY) | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | 156,483,965.52 | 139,077,066.73 | | **Net Cash Flow from Investing Activities** | 257,224,511.76 | 11,696,105.80 | | **Net Cash Flow from Financing Activities** | -306,822,078.78 | -175,650,223.61 | | **Net Increase in Cash and Cash Equivalents** | 106,886,398.50 | -24,877,051.08 | [Notes to Consolidated Financial Statements](index=108&type=section&id=VII.%20Notes%20to%20Consolidated%20Financial%20Statements) The notes to the financial statements provide detailed explanations of account balances and changes, highlighting the 438 million Yuan goodwill from the Linyou Interactive acquisition, accounts receivable of 891 million Yuan with 203 million Yuan in bad debt provisions, inventory of 460 million Yuan, and a significant reduction in short-term borrowings from 395 million Yuan to 100 million Yuan - The book balance of accounts receivable at period-end was **891 million Yuan**, with an allowance for doubtful accounts of **203 million Yuan**, resulting in a carrying value of **687 million Yuan**[338](index=338&type=chunk) - Goodwill increased by **437,606,559.67 Yuan** due to the acquisition of Beijing Linyou Interactive Technology Co., Ltd[421](index=421&type=chunk) - The period-end balance of short-term borrowings was **100 million Yuan**, a significant decrease from **395 million Yuan** at the beginning of the period[436](index=436&type=chunk) [Catalogue of Documents for Reference](index=177&type=section&id=Item%2012.%20Catalogue%20of%20Documents%20for%20Reference) This section lists all documents available for public inspection, including the original annual report and audited financial statements [Documents for Reference](index=177&type=section&id=Documents%20for%20Reference) Documents available for reference include the original annual report signed by the legal representative, financial statements signed and sealed by the responsible persons, the original audit report, and all legally disclosed documents from the reporting period - Documents available for inspection include: - Original text of the 2017 Annual Report - Signed financial statements - Original audit report - All publicly disclosed documents during the reporting period[642](index=642&type=chunk)

山东矿机集团股份有限公司 2017 年第三季度报告正文 证券代码：002526 证券简称：山东矿机 公告编号：2017-071 山东矿机集团股份有限公司 2017 年第三季度报告正文 2017 年 10 月 1 山东矿机集团股份有限公司 2017 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 | | 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） | 2,463,534,149.14 | | 2,663,596,850.86 | -7.51% | | 归属于上市公司股东的净资产 | 1,731,128,693.98 | | 1,701,584,258.19 | 1.74% | | （元） | | | | | | | 本报告期 | 本报告期比上年同期 增减 | 年初至报告期末 | 年初至报告期末比上 年同期增减 | | 营业收入（元） | 408,096,024.05 | ...