Financial Performance - The company's operating revenue for the first half of 2017 was CNY 494,104,945.71, representing a 12.87% increase compared to CNY 437,761,102.71 in the same period last year[21]. - The net profit attributable to shareholders was CNY 14,971,690.39, a significant turnaround from a loss of CNY 20,514,833.40 in the previous year, marking a 172.98% improvement[21]. - Basic earnings per share rose to CNY 0.0280, compared to a loss of CNY 0.0384 per share in the same period last year, reflecting a 172.92% increase[21]. - The net cash flow from operating activities increased by 120.42% to CNY 68,867,083.87, up from CNY 31,242,943.17 in the prior year[21]. - The company reported a net profit margin improvement, with net profit increasing significantly compared to the previous period, although specific figures were not disclosed in the provided data[125]. - The net profit for the first half of 2017 was CNY 11.25 million, a significant recovery from a net loss of CNY 23.64 million in the same period of the previous year[126]. - The total profit for the first half of 2017 was CNY 11.32 million, compared to a total loss of CNY 22.58 million in the same period of 2016[126]. Assets and Liabilities - Total assets decreased by 7.19% to CNY 2,472,130,527.78 from CNY 2,663,596,850.86 at the end of the previous year[21]. - The company's total assets included cash and cash equivalents of ¥142,326,839.60, which accounted for 5.76% of total assets, an increase from 4.47%[49]. - Total liabilities reduced to CNY 504,746,219.81 from CNY 605,470,229.78, indicating a decrease of approximately 16.6%[123]. - The company's total liabilities at the end of the reporting period were CNY 1,113,719,338.00, indicating a substantial leverage position[148]. Strategic Initiatives - The company plans to transform into a dual-main business model, integrating coal machinery production and sales with online gaming and services, aiming to optimize asset structure and improve financial performance[31]. - The company is actively pursuing strategic transformation and market expansion to enhance profitability and risk resilience[7]. - The company is focused on strategic transformation and structural adjustment to enhance profitability and risk resistance[63]. - The company has implemented a diversified development strategy to mitigate risks and is actively seeking suitable cooperation opportunities[63]. Risks and Challenges - The company is facing risks related to policy changes, transformation challenges, and funding issues in the coal industry[7]. - The company is facing risks related to policy changes in the coal industry, transformation challenges, and funding issues, which could impact overall performance[63]. - The company emphasizes risk control and internal control improvements during its strategic transformation phase, aiming to enhance overall risk management capabilities[40]. Cash Flow Management - The net cash flow from operating activities surged by 120.42% to ¥68,867,083.87, up from ¥31,242,943.17, due to improved collection of receivables[43]. - The company has taken measures to enhance the control of receivables and improve cash recovery efforts to ensure financial security[63]. - The company's cash and cash equivalents at the end of the reporting period amount to ¥142,326,839.63, a decrease from ¥150,067,677.19 at the beginning of the period[116]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[8]. - The total number of shares is 534,000,000, with 85.96% being unrestricted shares[99]. - The largest shareholder, Zhao Duxue, holds 24.02% of the shares, amounting to 128,246,686 shares, with 25,000,000 shares pledged[102]. Subsidiaries and Investments - The company sold 85% of its stake in Changle County Wutu Coal Mine Co., Ltd., which is expected to help revitalize funds and accelerate the company's transformation[60]. - Major subsidiaries include Weifang Ke'er Construction Machinery Co., Ltd., which reported a net loss of approximately 1.8 million yuan, and Xinjiang Changmei Mining Machinery Co., Ltd., which also reported a net loss of approximately 74,483.5 yuan[59]. - As of the 2017 semi-annual report, the company included 13 subsidiaries in its consolidated financial statements, comprising 6 wholly-owned and 7 controlled subsidiaries[158]. Compliance and Governance - The company has maintained a good integrity status, with no instances of failing to fulfill court judgments or overdue debts[77]. - The half-year financial report has not been audited[71]. - There were no media controversies or regulatory penalties during the reporting period[75][76]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring that financial reports accurately reflect its financial position and operating results[161]. - The company uses RMB as its functional currency for accounting purposes[164]. - The company evaluates control over subsidiaries based on the ability to influence returns through participation in relevant activities[169].

山东矿机集团股份有限公司 2017 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：2017-033 山东矿机集团股份有限公司 2017 年第一季度报告正文 2017 年 4 月 1 山东矿机集团股份有限公司 2017 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵华涛、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 2017 年第一季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | 231,359.90 | | | 计入当期 ...

Important Notice, Table of Contents, and Definitions [Important Notice](index=2&type=section&id=Important%20Notice) The company's board and executives guarantee report accuracy, identifying four major risks: coal industry volatility, macroeconomic and policy impacts, strategic transformation, and funding issues from customer payments, with no profit distribution planned for 2016 - The company explicitly identified four major risks: - **Industry Risk**: Despite a coal industry recovery in H2 2016, the coal machinery market did not rebound significantly, indicating substantial industry risk[5](index=5&type=chunk) - **Policy Risk**: National macroeconomic and coal industry overcapacity policies introduce uncertainty to operations[5](index=5&type=chunk) - **Transformation Risk**: New projects in strategic transformation face technical, market, and management risks[5](index=5&type=chunk) - **Funding Risk**: Deteriorating payment capabilities of coal enterprises lead to extended accounts receivable cycles and bad debt risks[5](index=5&type=chunk) - The company's 2016 profit distribution plan includes no cash dividends, no bonus shares, and no capitalization of capital reserves[5](index=5&type=chunk) Company Profile and Key Financial Indicators [Key Accounting Data and Financial Indicators](index=6&type=section&id=VI.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In 2016, operating revenue decreased by **20.39%** to **856.53 million yuan**, yet the company achieved a net profit of **10.69 million yuan**, a **103.99%** increase, despite a negative core business profit of **-89.44 million yuan** and improved operating cash flow by **38.75%** Key Accounting Data and Financial Indicators | Indicator | 2016 | 2015 | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (yuan)** | 856,527,703.61 | 1,075,908,394.07 | -20.39% | | **Net Profit Attributable to Shareholders (yuan)** | 10,687,413.19 | -267,654,597.70 | 103.99% | | **Net Profit Attributable to Shareholders After Non-Recurring Items (yuan)** | -89,440,441.76 | -314,491,131.49 | 71.56% | | **Net Cash Flow from Operating Activities (yuan)** | 139,077,066.73 | 100,238,444.69 | 38.75% | | **Basic Earnings Per Share (yuan/share)** | 0.0200 | -0.5012 | 103.99% | | **Total Assets (yuan)** | 2,663,596,850.86 | 2,936,630,909.29 | -9.30% | | **Net Assets Attributable to Shareholders (yuan)** | 1,701,584,258.19 | 1,692,466,960.31 | 0.54% | Non-Recurring Gains and Losses | Item | 2016 Amount (yuan) | 2015 Amount (yuan) | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 50,063,690.24 | 44,670,013.52 | | Government Grants Recognized in Current P&L | 27,440,524.15 | 974,485.97 | | Gains/Losses from Entrusted Investments/Asset Management | 2,466,442.44 | 5,086,956.18 | | Other Non-Operating Income and Expenses | 23,473,017.53 | -5,520,477.35 | | **Total** | **100,127,854.95** | **46,836,533.79** | Quarterly Key Financial Indicators | Quarter | Operating Revenue (yuan) | Net Profit Attributable to Shareholders (yuan) | | :--- | :--- | :--- | | Q1 | 197,601,713.20 | -3,642,462.28 | | Q2 | 240,159,389.51 | -16,872,371.12 | | Q3 | 172,469,838.97 | -14,965,436.51 | | Q4 | 246,296,761.93 | 46,167,683.10 | Company Business Overview [Main Business](index=9&type=section&id=I.%20Main%20Businesses%20Engaged%20in%20During%20the%20Reporting%20Period) The company's main businesses include coal machinery manufacturing, coal sales, and mining services, but facing market downturns, it plans a strategic transformation to a 'coal machinery + online gaming' dual-main business model to optimize assets and boost profitability - The company's original main businesses included coal machinery manufacturing, coal sales, and coal mining services, with products such as hydraulic supports and scraper conveyors[28](index=28&type=chunk) - To address coal machinery market challenges, the company plans to transform into a dual-main business model: 'coal machinery manufacturing, coal sales, and coal mining services' combined with 'online gaming and services'[28](index=28&type=chunk) [Core Competencies](index=9&type=section&id=III.%20Analysis%20of%20Core%20Competencies) The company's core competencies include an experienced management team, efficient systems, leading R&D with **27 patents**, advanced equipment, comprehensive product offerings, ample capital, extensive marketing, and an innovative approach to overseas and diversified development - The company's core competencies encompass eight major advantages: team, management, technology, equipment, products, capital, marketing services, and innovation[30](index=30&type=chunk)[31](index=31&type=chunk)[32](index=32&type=chunk) - Technological Advantage: The company, as the Shandong Coal Machinery Engineering Technology Research Center, holds **27 patents** and has achieved significant breakthroughs in R&D for difficult-to-mine coal seams[31](index=31&type=chunk) - Product Advantage: The company offers comprehensive complete set matching capabilities for fully mechanized mining faces, providing "three machines and one support" one-stop services[31](index=31&type=chunk) Management Discussion and Analysis [Overview of Operations](index=11&type=section&id=I.%20Overview) In 2016, the company focused on 'revitalization' and 'development' amidst a sluggish coal machinery market, securing funds by reducing receivables and inventory, stabilizing domestic operations, and expanding overseas, while achieving phased success in new sectors and actively pursuing major asset restructuring - The company continued to strengthen its 'four-pronged' development strategy in the coal machinery sector: refinement, complete sets, automation, and service-oriented[35](index=35&type=chunk) - The company's transformation businesses, including aviation, 3D printing, and industrial robots, achieved phased success, with online gaming and services adopted as a new strategic direction[36](index=36&type=chunk) - During the reporting period, the company actively progressed major asset restructuring efforts[36](index=36&type=chunk) [Main Business Analysis](index=11&type=section&id=II.%20Main%20Business%20Analysis) In 2016, total operating revenue decreased by **20.39%**, with mechanical industry revenue down **29.08%** and coal machinery equipment revenue down **35.67%**, while sales and financial expenses significantly decreased by **37.68%** and **39.94%** respectively, and operating cash flow improved by **38.75%** Operating Revenue Composition | Category | 2016 Operating Revenue (yuan) | YoY Change | | :--- | :--- | :--- | | **Total** | **856,527,703.61** | **-20.39%** | | **By Industry** | | | | Machinery Industry | 515,407,735.59 | -29.08% | | Coal Sales and Mining Services | 243,840,837.93 | -24.33% | | **By Product** | | | | Coal Machinery Equipment | 382,702,158.07 | -35.67% | | Printing Equipment | 103,236,364.66 | -5.79% | | **By Region** | | | | Exports | 29,322,426.28 | 2,410.42% | Major Expense Items | Expense Item | 2016 (yuan) | 2015 (yuan) | YoY Change | Explanation for Significant Change | | :--- | :--- | :--- | :--- | :--- | | Selling Expenses | 53,420,904.47 | 85,726,665.23 | -37.68% | Due to decline in sales of main coal machinery business | | Administrative Expenses | 91,204,001.44 | 103,844,910.38 | -12.17% | - | | Financial Expenses | 25,141,771.23 | 41,857,722.88 | -39.94% | Due to reduced interest from financing sale-leasebacks and bank borrowings | Key Cash Flow Statement Items | Item | 2016 (yuan) | 2015 (yuan) | YoY Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 139,077,066.73 | 100,238,444.69 | 38.75% | | Net Cash Flow from Investing Activities | 11,696,105.80 | 219,399,534.02 | -94.67% | | Net Cash Flow from Financing Activities | -175,650,223.61 | -385,605,184.15 | -54.45% | [Analysis of Assets and Liabilities](index=17&type=section&id=IV.%20Analysis%20of%20Assets%20and%20Liabilities) As of 2016 year-end, total assets decreased by **9.30%** to **2.66 billion yuan**, with accounts receivable at **26.27%** (down from **30.83%**) and cash at **5.63%** (down from **8.52%**), while short-term borrowings significantly decreased from **21.35%** to **14.83%** of total assets, indicating debt optimization Key Asset and Liability Items | Key Asset and Liability Item | Amount at 2016 Year-End (yuan) | Proportion of Total Assets | Amount at 2015 Year-End (yuan) | Proportion of Total Assets | | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 150,067,677.19 | 5.63% | 250,235,393.87 | 8.52% | | Accounts Receivable | 699,651,195.02 | 26.27% | 905,356,977.41 | 30.83% | | Inventories | 442,050,527.46 | 16.60% | 462,682,405.84 | 15.76% | | Fixed Assets | 512,225,192.85 | 19.23% | 569,593,924.08 | 19.40% | | Short-Term Borrowings | 394,999,800.00 | 14.83% | 626,889,200.00 | 21.35% | [Significant Asset and Equity Disposals](index=18&type=section&id=VI.%20Significant%20Asset%20and%20Equity%20Disposals) The company sold a **24.531%** equity stake in Baishupo Coal to its controlling shareholder, Mr. Zhao Duxue, for **139 million yuan** via public auction, aiming to optimize structure, recover investments, and positively impact 2016 performance - On December 28, 2016, the company sold a **24.531%** equity stake in Baishupo Coal Mine to its controlling shareholder, Zhao Duxue[59](index=59&type=chunk) Transaction Details | Transaction Detail | Content | | :--- | :--- | | **Equity Sold** | 24.531% equity stake in Baishupo Coal | | **Transferee** | Zhao Duxue (Company's Controlling Shareholder) | | **Transaction Price** | 139 million yuan | | **Pricing Principle** | Public Auction | | **Impact on Company** | Optimized corporate structure, recovered investment and funds, positively impacted 2016 performance | [Analysis of Major Holding and Participating Companies](index=19&type=section&id=VII.%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) During the reporting period, major subsidiaries showed mixed performance, with Shandong Chengtong Forging and Yulin Tianning Mining profitable, while others like Shandong Xinchuan Machinery and Changle Wutu Coal Mine incurred losses, reflecting industry operational pressures Operating Performance of Major Subsidiaries | Major Subsidiary Name | 2016 Operating Revenue (yuan) | 2016 Net Profit (yuan) | | :--- | :--- | :--- | | Shandong Chengtong Forging Co., Ltd. | 63,740,292.72 | 808,930.70 | | Yulin Tianning Mining Services Co., Ltd. | 90,908,443.65 | 2,976,715.28 | | Shandong Xinchuan Machinery Co., Ltd. | 105,665,853.32 | -3,018,317.37 | | Changle Wutu Coal Mine Co., Ltd. | 2,531,164.05 | -21,019,368.83 | | Shandong Changkongyan Aviation Technology Co., Ltd. | 916,848.22 | -4,513,966.29 | [Outlook for Company's Future Development](index=21&type=section&id=IX.%20Outlook%20for%20Company%27s%20Future%20Development) The company will pursue a dual-main business strategy, deepening the 'four-pronged' approach in coal machinery and expanding overseas, while supporting new sectors like aviation and 3D printing, adopting online gaming as a new growth point, integrating subsidiaries, and strengthening risk management against industry, policy, transformation, and funding challenges - Company Development Strategy: - **Coal Machinery Sector**: Strengthen the 'four-pronged' strategy (refinement, complete sets, automation, service-oriented) and expand into overseas markets[63](index=63&type=chunk)[64](index=64&type=chunk) - **New Business Sectors**: Increase support for aviation, 3D printing, and industrial robots[63](index=63&type=chunk)[64](index=64&type=chunk) - **New Growth Point**: Adopt online gaming and services as a new strategic direction to improve profitability[63](index=63&type=chunk)[64](index=64&type=chunk) - **Subsidiary Management**: Integrate subsidiaries, promoting survival of the fittest[63](index=63&type=chunk)[64](index=64&type=chunk) - The company reiterated the four major risks it faces: industry risk, policy risk, transformation risk, and funding risk[66](index=66&type=chunk) Significant Matters [Profit Distribution](index=23&type=section&id=I.%20Company%27s%20Ordinary%20Share%20Profit%20Distribution%20and%20Capital%20Reserve%20Capitalization) The company has not distributed cash dividends or capitalized capital reserves for three consecutive years (2014-2016), with the 2016 board proposal for no distribution attributed to business transformation, strategic funding needs, and prior year loss compensation - The company's profit distribution plans for **2014, 2015, and 2016** consistently involved no dividends and no capitalization[70](index=70&type=chunk)[72](index=72&type=chunk) - The reasons for no dividend distribution in 2016 include the company's business transformation, the need to reserve funds, and the requirement to cover previous years' losses[72](index=72&type=chunk)[74](index=74&type=chunk) [Significant Litigation and Arbitration Matters](index=29&type=section&id=XII.%20Significant%20Litigation%20and%20Arbitration%20Matters) During the reporting period, the company was involved in a significant lawsuit against Inner Mongolia Jinyue Energy Group for **68.41 million yuan** in capital occupation fees, with a judgment received but uncertain enforcement outcome Significant Litigation and Arbitration Matters | Plaintiff | Defendant | Amount Involved (million yuan) | Progress | | :--- | :--- | :--- | :--- | | Shandong Mining Machinery | Inner Mongolia Jinyue Energy Group Co., Ltd. | 68.41 | Judgment received, not yet enforced | [Significant Related Party Transactions](index=29&type=section&id=XVI.%20Significant%20Related%20Party%20Transactions) A significant related party transaction involved the company selling a **24.531%** equity stake in Baishupo Coal to its controlling shareholder, Mr. Zhao Duxue, for **139 million yuan** via public auction, positively impacting 2016 performance Significant Related Party Transactions | Related Party | Relationship | Transaction Content | Transfer Price (million yuan) | Transaction Gain/Loss (million yuan) | | :--- | :--- | :--- | :--- | :--- | | Zhao Duxue | Company's Controlling Shareholder | Sale of Baishupo Coal Equity | 139 | 50.56 | [Significant Contracts and Their Performance](index=30&type=section&id=XVII.%20Significant%20Contracts%20and%20Their%20Performance) During the reporting period, the company provided **50 million yuan** in external guarantees and **35 million yuan** for a subsidiary, while engaging in entrusted wealth management totaling **1.205 billion yuan** with **2.166 million yuan** in actual gains/losses - As of the reporting period end, the company's actual external guarantee balance was **50 million yuan**, and for subsidiaries, it was **35 million yuan**, totaling **5.00%** of the company's net assets[98](index=98&type=chunk)[99](index=99&type=chunk) Entrusted Wealth Management | Item | Amount (million yuan) | | :--- | :--- | | Source of Entrusted Wealth Management Funds | Own Funds | | Cumulative Entrusted Wealth Management Amount | 1,204.85 | | Actual Gain/Loss During Reporting Period | 2.166 | [Explanation of Other Significant Matters](index=42&type=section&id=XIX.%20Explanation%20of%20Other%20Significant%20Matters) The company's stock was suspended from trading on August 2, 2016, for major asset restructuring, with a preliminary plan approved in January 2017 to acquire online gaming company assets - The company's stock was suspended from trading on **August 2, 2016**, due to planning a major asset restructuring, and in **January 2017**, it disclosed a preliminary plan to issue shares to acquire gaming company assets[113](index=113&type=chunk)[114](index=114&type=chunk) Share Changes and Shareholder Information [Share Changes](index=43&type=section&id=I.%20Share%20Changes) During the reporting period, the company's total share capital of **534 million shares** remained unchanged, but the share structure shifted due to former chairman Mr. Zhao Duxue's departure, resulting in a **39.95 million** decrease in restricted shares and a corresponding increase in unrestricted shares - The main reason for the share change was the resignation of controlling shareholder Mr. Zhao Duxue from his chairman position, leading to the release of some of his shares from restrictions according to executive departure regulations[118](index=118&type=chunk) Share Change Details | Share Type | Before Change (shares) | After Change (shares) | Change (shares) | | :--- | :--- | :--- | :--- | | Restricted Shares | 114,934,237 | 74,988,146 | -39,946,091 | | Unrestricted Shares | 419,065,763 | 459,011,854 | +39,946,091 | | **Total Share Capital** | **534,000,000** | **534,000,000** | **0** | [Shareholders and Actual Controller Information](index=44&type=section&id=III.%20Shareholders%20and%20Actual%20Controller%20Information) As of the reporting period end, the company had **48,344** ordinary shareholders, with Mr. Zhao Duxue as controlling shareholder and actual controller, holding **24.02%** of shares, of which approximately **66%** were pledged, and other top ten shareholders held less than **2%** - The company's controlling shareholder and actual controller is Zhao Duxue, with a shareholding ratio of **24.02%**[122](index=122&type=chunk)[125](index=125&type=chunk)[126](index=126&type=chunk) - Of the **128,246,686 shares** held by controlling shareholder Mr. Zhao Duxue, **85,000,000 shares** are pledged[122](index=122&type=chunk) Directors, Supervisors, Senior Management, and Employees [Changes in Directors, Supervisors, and Senior Management](index=50&type=section&id=II.%20Changes%20in%20Company%20Directors%2C%20Supervisors%2C%20and%20Senior%20Management) During the reporting period, significant senior management changes occurred, with founder Mr. Zhao Duxue resigning as chairman, succeeded by Mr. Zhao Huatao, and Mr. Zhang Xingchun appointed Deputy General Manager, Board Secretary, and later CFO and director - Zhao Duxue resigned as chairman due to personal reasons on **June 7, 2016**[133](index=133&type=chunk) - Zhao Huatao resigned as CFO on **June 7, 2016**, and was elected as the company's new chairman[133](index=133&type=chunk) [Employee Information](index=54&type=section&id=V.%20Company%20Employee%20Information) As of the reporting period end, the company had **1,875** employees, with production personnel comprising nearly **70%** (**1,309** individuals), and employees with college degrees or below accounting for nearly **90%** (**1,686** individuals) Employee Composition | Category | Number of Employees (persons) | Proportion | | :--- | :--- | :--- | | **Professional Composition** | | | | Production Personnel | 1,309 | 69.81% | | Technical Personnel | 277 | 14.77% | | Sales Personnel | 146 | 7.79% | | Financial Personnel | 87 | 4.64% | | Administrative Personnel | 56 | 2.99% | | **Total** | **1,875** | **100.00%** | | **Educational Background** | | | | Below College Degree | 1,129 | 60.21% | | College Degree | 557 | 29.71% | | Bachelor's Degree | 178 | 9.49% | | Master's Degree or Above | 11 | 0.59% | | **Total** | **1,875** | **100.00%** | Corporate Governance [Internal Control Evaluation Report](index=58&type=section&id=IX.%20Internal%20Control%20Evaluation%20Report) The company's 2016 internal control self-evaluation, covering all entities, found no material weaknesses or significant deficiencies in financial or non-financial reporting, corroborated by a standard unqualified audit report from the accounting firm - The company's internal control self-evaluation concluded no material weaknesses or significant deficiencies in financial or non-financial reporting[161](index=161&type=chunk)[162](index=162&type=chunk) - The accounting firm issued a standard unqualified audit report on the company's internal controls[163](index=163&type=chunk) Financial Report [Audit Report](index=61&type=section&id=I.%20Audit%20Report) Beijing Yongtuo Certified Public Accountants issued a standard unqualified audit opinion on the company's 2016 financial statements, confirming fair presentation of financial position, operating results, and cash flows in accordance with accounting standards - The auditing firm is Beijing Yongtuo Certified Public Accountants (Special General Partnership)[167](index=167&type=chunk) - The audit opinion type is a standard unqualified opinion[167](index=167&type=chunk)[170](index=170&type=chunk) [Financial Statement Summary](index=61&type=section&id=II.%20Financial%20Statements) As of 2016 year-end, total assets were **2.664 billion yuan**, total liabilities **887 million yuan**, and parent equity **1.702 billion yuan**, with full-year operating revenue of **857 million yuan**, total costs of **951 million yuan**, and a net profit of **10.69 million yuan**, alongside **139 million yuan** in operating cash flow, **11.70 million yuan** net investing outflow, and **176 million yuan** net financing outflow Key Items from Consolidated Balance Sheet | Key Consolidated Balance Sheet Item | Period-End Balance (yuan) | Period-Start Balance (yuan) | | :--- | :--- | :--- | | Total Current Assets | 1,770,004,470.03 | 1,897,352,376.48 | | Total Non-Current Assets | 893,592,380.83 | 1,039,278,532.81 | | **Total Assets** | **2,663,596,850.86** | **2,936,630,909.29** | | Total Current Liabilities | 872,850,209.91 | 1,153,823,696.06 | | **Total Liabilities** | **887,207,946.76** | **1,168,730,816.06** | | Total Equity Attributable to Parent Company Owners | 1,701,584,258.19 | 1,692,466,960.31 | | **Total Owners' Equity** | **1,776,388,904.10** | **1,767,900,093.23** | Key Items from Consolidated Income Statement | Key Consolidated Income Statement Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | | I. Total Operating Revenue | 856,527,703.61 | 1,075,908,394.07 | | II. Total Operating Costs | 950,700,299.00 | 1,378,715,890.73 | | III. Operating Profit | -39,934,685.12 | -250,774,510.74 | | IV. Total Profit | 10,482,795.49 | -254,143,307.11 | | V. Net Profit | 10,188,810.88 | -283,194,526.12 | | Net Profit Attributable to Parent Company Owners | 10,687,413.19 | -267,654,597.70 | Key Items from Consolidated Cash Flow Statement | Key Consolidated Cash Flow Statement Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 139,077,066.73 | 100,238,444.69 | | Net Cash Flow from Investing Activities | 11,696,105.80 | 219,399,534.02 | | Net Cash Flow from Financing Activities | -175,650,223.61 | -385,605,184.15 | | Net Increase in Cash and Cash Equivalents | -24,877,051.08 | -65,967,205.44 |

山东矿机集团股份有限公司 2016 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：2016-067 山东矿机集团股份有限公司 2016 年第三季度报告正文 1 山东矿机集团股份有限公司 2016 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵华涛、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 2016 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,708,436,167.73 | 2,936,630,909. ...

山东矿机集团股份有限公司 2016 年半年度年度报告全文 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） 2016 年半年度报告 二 0 一六年八月 1 山东矿机集团股份有限公司 2016 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人赵华涛、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：保证本半年度报告中财务报告的真实、准确、完整。 2 | 目录 | | --- | | 2016 | 半年度报告 2 | | --- | --- | | 第一节 | 重要提示、目录和释义 4 | | 第二节 | 公司简介 5 | | 第三节 | 会计数据和财务指标摘要 7 | | 第四节 | 董事会报告 9 | | ...

Financial Performance - The company's operating revenue for 2015 was CNY 1,075,908,394.07, a decrease of 25.99% compared to CNY 1,453,717,962.08 in 2014[19]. - The net profit attributable to shareholders was a loss of CNY 267,654,597.70, a significant decline from a profit of CNY 2,624,276.39 in 2014, representing a decrease of 10,299.18%[19]. - The total operating revenue for coal machinery equipment was CNY 594,180,784.70, accounting for 55.23% of total revenue, with a year-on-year decrease of 42.46%[40]. - The revenue from coal sales and mining services increased by 90.25% year-on-year, reaching CNY 322,261,467.47, representing 29.95% of total revenue[40]. - The company's total operating revenue decreased by 25.99% to CNY 1,075,908,394.07, while the operating cost decreased by 24.35% to CNY 877,016,310.48, resulting in a gross margin of 18.49%[42]. - The company reported a significant decline in export revenue, which fell by 88.58% to CNY 1,168,030.08, accounting for only 0.11% of total revenue[42]. - The total operating profit for the year was -177,430,538.05 CNY, compared to -31,353,751.75 CNY in the previous year, indicating a significant decline in profitability[190]. - The net profit for the year was -183,085,340.14 CNY, a decrease from -30,193,117.24 CNY year-over-year, reflecting ongoing financial challenges[190]. Cash Flow - The net cash flow from operating activities was CNY 100,238,444.69, recovering from a negative cash flow of CNY -13,762,239.71 in 2014[19]. - The cash flow from operating activities generated a net inflow of 100,238,444.69 CNY, a recovery from a net outflow of -13,762,239.71 CNY in the previous year[194]. - The cash flow from investing activities resulted in a net inflow of 219,399,534.02 CNY, compared to a net outflow of -324,170,813.14 CNY in the previous year, showing improved investment returns[194]. - The cash flow from financing activities showed a net outflow of -385,605,184.15 CNY, a decline from a net inflow of 138,369,340.53 CNY in the previous year, indicating increased debt repayment[194]. - The total cash outflow from financing activities was 1,349,651,779.61 CNY, an increase from 849,507,221.30 CNY in the previous year[198]. Assets and Liabilities - The total assets at the end of 2015 were CNY 2,936,630,909.29, down 22.11% from CNY 3,770,437,444.93 at the end of 2014[19]. - The company's total liabilities decreased from CNY 1,711,385,663.25 to CNY 1,168,730,816.06, reflecting a reduction of about 31.7%[180]. - The total equity attributable to shareholders decreased from CNY 1,950,755,844.10 to CNY 1,692,466,960.31, indicating a decline of approximately 13.2%[180]. - Cash and cash equivalents increased from CNY 206,003,955.71 to CNY 250,235,393.87, showing a growth of about 21.5%[178]. - Accounts receivable decreased from CNY 1,007,220,671.03 to CNY 905,356,977.41, a reduction of approximately 10.1%[178]. - Inventory decreased significantly from CNY 612,081,479.52 to CNY 462,682,405.84, representing a decline of about 24.4%[178]. Strategic Initiatives - The company is actively pursuing strategic transformation, although it faces risks related to technology, market, and management[5]. - The company is focusing on strategic transformation by developing new businesses, particularly in the aviation sector and laser additive manufacturing, which have shown promising results[35]. - The company plans to optimize its subsidiary operations by supporting those with growth potential while divesting from non-core businesses[36]. - The company aims to stabilize and refine its coal machine manufacturing segment while enhancing its coal mining service capabilities[71]. - The company plans to accelerate its overseas market expansion in line with the national "Belt and Road" strategy[71]. Shareholder and Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[6]. - The company plans to distribute at least 30% of the average distributable profit in cash over the next three years (2015-2017) if profits are available[78]. - The company did not distribute any dividends for the years 2014 and 2015, as the profits were either not available or negative[86]. - The company's cash dividend policy is compliant with its articles of association and has clear decision-making procedures[83]. Management and Governance - The company has a diverse management team with extensive experience in the mining machinery industry, including professionals with backgrounds in engineering and finance[141][145]. - The governance structure complies with relevant laws and regulations, ensuring effective management and control by the management team[157]. - The company maintains independence from its controlling shareholders in terms of business, personnel, assets, and finance[160]. - The company reported no significant internal control deficiencies during the reporting period, with all financial and non-financial report deficiencies being zero[168][169]. Risks and Challenges - The coal machinery industry continues to face challenges due to low demand and intense competition, impacting the company's performance[5]. - The company anticipates ongoing risks from industry downturns, policy changes, and challenges in its transformation efforts[73]. - The coal machine industry is facing significant challenges due to oversupply and low demand, impacting the company's main business[73].

山东矿机集团股份有限公司 2016 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：2016-026 山东矿机集团股份有限公司 2016 年第一季度报告正文 2016 年 4 月 1 山东矿机集团股份有限公司 2016 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵笃学、主管会计工作负责人赵华涛及会计机构负责人(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 2016 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 √ 适用 □ 不适用 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | 106,811. ...

Financial Performance - The company's operating revenue for 2015 was ¥1,075,908,394.07, a decrease of 25.99% compared to ¥1,453,717,962.08 in 2014[19]. - The net profit attributable to shareholders was -¥267,654,597.70, representing a decline of 10,299.18% from ¥2,624,276.39 in the previous year[19]. - The total operating revenue for 2015 was ¥1,075.91 million, a decrease of 25.99% compared to ¥1,453.72 million in 2014, reflecting a decline in business performance[39]. - The company reported a net profit of -2,351,883.5 for the period, indicating significant losses across its subsidiaries[69]. - The net profit for the year was -183,085,340.14 CNY, a decrease from -30,193,117.24 CNY year-over-year, reflecting ongoing financial challenges[189]. - The total revenue from sales of goods and services was 1,173,053,896.65 CNY, down from 1,362,594,205.25 CNY in the previous year, indicating a decline in sales performance[192]. Cash Flow - The net cash flow from operating activities was ¥100,238,444.69, a significant improvement from -¥13,762,239.71 in 2014[19]. - The cash flow from operating activities generated a net inflow of 100,238,444.69 CNY, a recovery from a net outflow of -13,762,239.71 CNY in the previous year[193]. - The cash flow from investing activities resulted in a net inflow of 219,399,534.02 CNY, compared to a net outflow of -324,170,813.14 CNY in the previous year, indicating improved investment recovery[193]. - The cash flow from financing activities showed a net outflow of -385,605,184.15 CNY, a decrease from a net inflow of 138,369,340.53 CNY in the previous year, highlighting challenges in financing[193]. Assets and Liabilities - The total assets at the end of 2015 were ¥2,936,630,909.29, down 22.11% from ¥3,770,437,444.93 in 2014[19]. - The company's total assets decreased to CNY 2,566,305,416.18 from CNY 3,293,699,913.92, a reduction of approximately 22%[183]. - The company's total liabilities decreased from CNY 1,711,385,663.25 to CNY 1,168,730,816.06, representing a reduction of about 31.7%[179]. - The total current liabilities decreased from CNY 1,683,188,620.44 to CNY 1,153,823,696.06, a reduction of about 31.4%[179]. Shareholder and Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[6]. - The company’s net profit for 2015 was negative at -267.65 million yuan, resulting in no proposed cash dividend[86]. - The company plans to distribute at least 30% of the average distributable profit in cash over the next three years (2015-2017) if profits are available[78]. - The company did not distribute any dividends for the years 2014 and 2015 due to negative profits[86]. Strategic Initiatives - The company is actively pursuing strategic transformation, although it faces risks related to technology, market, and management[5]. - The company aims to enhance its coal machine manufacturing segment while focusing on high-end equipment manufacturing and automation[71]. - The company plans to leverage the "Belt and Road" initiative to expand its overseas market presence[71]. - The company is actively pursuing strategic transformation, including the development of new business areas such as aviation and 3D printing, to enhance overall competitiveness[36]. Research and Development - The company has a strong focus on technological innovation, holding 27 patents and being recognized as a "High-tech Enterprise" in Shandong Province[31]. - Research and development investment amounted to CNY 36,133,090.71, representing 3.36% of operating revenue, with a 42.73% increase in the number of R&D personnel to 314[51]. Market Conditions - The coal machinery industry continues to face challenges due to low demand and intense competition, impacting the company's performance[5]. - The company anticipates challenges due to the ongoing downturn in the coal industry, which may impact demand for coal machinery[73]. Management and Governance - The company has a diverse management team with extensive experience in the mining machinery industry, including professionals with backgrounds in engineering and finance[140]. - The governance structure of the company complies with relevant laws and regulations, ensuring effective management and oversight[156]. - The board of directors includes experienced professionals with a strong background in finance, engineering, and management, ensuring effective governance[140]. Employee and Incentive Programs - The total number of employees in the company is 2,190, with 1,754 in the parent company and 436 in major subsidiaries[150]. - The company has implemented a new employee incentive program aimed at improving productivity and retention rates, with an expected impact on performance metrics[97]. Financial Management - The company reported a non-operating income of ¥58.98 million in 2015, which was significantly higher than the previous years, indicating improved financial management[26]. - The company has committed to strict adherence to its promises regarding shareholding and dividend distribution[87].

山东矿机集团股份有限公司 2015 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：2015-064 山东矿机集团股份有限公司 2015 年第三季度报告正文 2015 年 10 月 1 山东矿机集团股份有限公司 2015 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人赵笃学、主管会计工作负责人王泽钢及会计机构负责人(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 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 | | 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） | 3,374,839,513.46 | 3,770,437,444.93 | | -10.49% | | 归属于上市公司股东的净资产（元） | 1,955,85 ...

1 山东矿机集团股份有限公司 2015 年半年度报告全文 第一节 重要提示、目录和释义 山东矿机集团股份有限公司 2015 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） 2015 年半年度报告 二 0 一五年八月 山东矿机集团股份有限公司 2015 年半年度报告全文 释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 | 释义项 | 指 | 释义内容 | | --- | --- | --- | | 公司、本公司 | 指 | 山东矿机集团股份有限公司 | | 平煤神马集团 | 指 | 平煤神马机械装备集团河南矿机有限公司 | | 山东信川 | 指 | 山东信川机械有限责任公司 | | 洁源 | 指 | 昌乐洁源金属表面处理有限公司 | | 柏树坡煤矿 | 指 | 内蒙古准格尔旗柏树坡煤炭有限责任公司 | | 五图煤矿 ...