上海百润香精香料股份有限公司 2014 年第三季度报告正文 证券代码：002568 证券简称：百润股份 公告编号：2014-043 上海百润香精香料股份有限公司 2014 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。 公司负责人刘晓东、主管会计工作负责人张其忠及会计机构负责人(会计主管人员)苑叶宗声明：保证 季度报告中财务报表的真实、准确、完整。 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） | 658,793,072.91 | 652,971,793.61 | | 0.89% | | 归属于上市公司股东的净资产 | 638,884,336.62 | | 640,011,2 ...

上海百润香精香料股份有限公司 2014 年半年度报告全文 上海百润香精香料股份有限公司 SHANGHAI BAIRUN FLAVOR & FRAGRANCE CO., LTD. 2014 年半年度报告 | 证券代码： 002568 | | --- | | 证券简称： 百润股份 | 二 O 一四年八月 1 上海百润香精香料股份有限公司 2014 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。 公司经本次董事会审议通过的利润分配预案为：以 2014 年 06 月 30 日的公 司总股本 160,000,000 股为基数，向全体股东每 10 股派发现金红利 3.00 元（含 税），送红股 0 股（含税），不以公积金转增股本。 公司负责人刘晓东、主管会计工作负责人张其忠及会计机构负责人(会计主 管人员)苑叶宗声明：保证本半年度报告中财务报告的真实、准确、完整。 本年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺， 请投资者注意投资风险。 2 除下列董事 ...

Financial Performance - The company's revenue for Q1 2014 was CNY 35,511,974.75, representing a 22.35% increase compared to CNY 29,025,075.97 in the same period last year[4] - Net profit attributable to shareholders increased by 61.5% to CNY 13,365,645.07 from CNY 8,275,884.33 year-on-year[4] - Basic and diluted earnings per share both rose by 60% to CNY 0.08 from CNY 0.05 in the same quarter last year[4] - The net profit attributable to shareholders for the first half of 2014 is expected to increase by 50% to 80%, ranging from 28.62 million to 34.35 million yuan[20] - The net profit for the first half of 2013 was 19.08 million yuan, indicating significant growth in the company's main business revenue[20] Cash Flow and Assets - The net cash flow from operating activities surged by 333.84% to CNY 17,862,099.54, up from CNY 4,117,188.58 in the previous year[4] - Total assets increased by 7.04% to CNY 698,964,700.75 compared to CNY 652,971,793.61 at the end of the previous year[4] Liabilities and Borrowings - Short-term borrowings doubled, increasing by 100% as the company took on new bank loans during the period[14] Expenses and Costs - The company reported a 442.54% increase in non-operating expenses, primarily due to fixed asset clean-up costs[15] Working Capital and Shareholder Actions - The company approved the use of CNY 80 million of raised funds to permanently supplement working capital, which was submitted for shareholder approval[16] - The company has committed to not transferring or entrusting shares for a period of 36 months from the date of the initial public offering[18] Accounts and Inventory - Accounts receivable increased by 95.98% due to higher sales, while inventory rose by 45.15% due to increased procurement[14] Return on Equity - The weighted average return on equity improved to 2.07% from 1.29% year-on-year[4]

Financial Performance - The company's operating revenue for 2013 was CNY 128,451,196.96, a decrease of 21.78% compared to CNY 164,213,159.40 in 2012[23] - The net profit attributable to shareholders for 2013 was CNY 41,875,766.83, down 45.61% from CNY 76,987,581.54 in the previous year[23] - The net cash flow from operating activities was CNY 56,193,658.05, reflecting a decline of 28.58% from CNY 78,684,845.03 in 2012[23] - Basic earnings per share decreased to CNY 0.26, down 45.83% from CNY 0.48 in 2012[23] - The company's operating costs decreased by 12.89% to CNY 35,840,642.75, in line with the reduction in operating revenue[34] - The total operating revenue for the flavor and fragrance manufacturing industry was CNY 126,464,656.33, a decrease of 22.39% year-on-year, with a gross margin of 72.75%[52] - The company reported a total profit of CNY 48,558,741.58, down from CNY 89,007,415.24, a decrease of approximately 45.5%[194] Assets and Liabilities - The total assets at the end of 2013 were CNY 652,971,793.61, a slight increase of 0.24% from CNY 651,404,286.83 at the end of 2012[23] - The net assets attributable to shareholders at the end of 2013 were CNY 640,011,293.92, up 0.29% from CNY 638,135,527.09 in 2012[23] - Current assets decreased from CNY 519,923,874.33 to CNY 484,122,966.73, reflecting a decline of approximately 6.9%[185] - Total liabilities decreased from CNY 13,268,759.74 to CNY 12,960,499.69, a reduction of approximately 2.3%[187] - The company's equity increased slightly from CNY 638,135,527.09 to CNY 640,011,293.92, reflecting an increase of about 0.3%[187] Research and Development - Research and development expenses increased by 34.87% to CNY 18,309,884.96, reflecting the company's commitment to innovation and development[34] - The company's R&D expenditure reached CNY 18,309,884.96 in 2013, a 34.87% increase compared to 2012, representing 14.48% of the main business income[46] - The establishment of the Shanghai Flavor and Fragrance Engineering Technology Research Center significantly enhanced the company's R&D capabilities and industry influence[36] Customer and Market Concentration - The company has a concentrated customer base, which poses a risk of revenue loss if key clients are lost[14] - The top five customers accounted for 54.21% of total annual sales, with the largest customer contributing 16.38% of total sales[38] - In 2013, the top 10 customers accounted for 70% of the company's sales, indicating a high concentration risk[81] Corporate Governance and Compliance - The company emphasizes the importance of maintaining accurate financial reporting and compliance with regulations[4] - The company has established a comprehensive corporate governance structure to protect the rights of shareholders and ensure transparent communication[89] - The company has passed ISO9001 and FSSC22000 certifications, ensuring compliance with food safety standards and effective control of major hazards[91] - The company has established a governance structure compliant with relevant laws and regulations, with no discrepancies noted[151] Investment and Expansion - The company expanded its production capacity, with the project expected to be fully operational by mid-2014, achieving international first-class standards in various aspects[35] - The company established a wholly-owned subsidiary, Shanghai Bairun Flavor and Fragrance Development Co., Ltd., with an investment of CNY 10 million to enhance R&D and international trade capabilities[35] - The company made an external investment of ¥10,000,000 in the reporting period, a 100% increase compared to the previous year when there was no investment[62] Risks and Challenges - The company faces risks related to policy changes and food safety regulations that may impact the flavor and fragrance industry[13] - The company faces risks related to food safety regulations and the potential loss of major clients, which could impact overall business performance[84] Shareholder Information - The company reported a total share capital of 160 million shares, with 91.88 million shares (57.43%) being restricted shares and 68.12 million shares (42.57%) being unrestricted shares[122] - The total number of shareholders at the end of the reporting period was 10,605, an increase from 9,434 five trading days before the annual report disclosure[128] - Liu Xiaodong, the largest shareholder, holds 38.8% of the shares, totaling 62,080,000 shares, with no changes during the reporting period[128] Internal Control and Audit - The company has established a comprehensive internal control structure, including a board of directors, supervisory board, and management team, ensuring compliance with legal requirements and effective decision-making processes[167] - The internal control system includes detailed regulations for financial management, production management, procurement, sales, and administrative management, ensuring all operations are standardized and compliant[168] - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2013[176] Employee Information - The company employed a total of 148 staff members, with 53 in technical roles and 34 in production[145] - The company has a total of 8 employees with a master's degree and 62 with a bachelor's degree[145] - Total compensation for directors, supervisors, and senior management during the reporting period amounted to 728.26 million CNY[142]