Financial Performance - Net profit attributable to shareholders reached ¥24,605,986.55, representing a significant increase of 244.01% year-on-year[9] - Operating revenue for the period was ¥219,462,315.40, reflecting a growth of 16.19% compared to the same period last year[9] - The total net profit for the year-to-date reached ¥44,080,695.59, an increase of 205.09% compared to the same period last year[9] - The company reported a significant increase in cash flow, with a year-to-date net cash flow of ¥45,614,375.35, up 237.99%[9] - Basic earnings per share were ¥0.0628, an increase of 244.04% compared to the same period last year[9] - Net profit for the period was 43.76 million, representing a significant increase of 203.54% from a net loss of 42.27 million in the previous year[28] - The company expects to achieve a net profit of CNY 4,800 to 6,000 million for the year 2019, reversing the loss of CNY 12,789.68 million in 2018[41] Assets and Liabilities - Total assets increased to ¥1,881,263,737.04, a rise of 6.63% compared to the end of the previous year[9] - Total liabilities increased by 4,308.71 million, or 12.12%, from 35,561.91 million to 39,870.62 million[22] - Total current assets reached CNY 705,594,712.61, compared to CNY 682,065,068.11 at the end of 2018, reflecting a growth of approximately 3.5%[53] - The total assets increased to CNY 1,945,853,524.18, compared to CNY 1,832,279,713.59 in the same period last year, marking a growth of 6.2%[60] - Total liabilities rose to CNY 390,041,970.63, up from CNY 325,414,377.25, indicating an increase of 19.8% year-over-year[59] Cash Flow - The net cash flow from operating activities was ¥25,221,189.68, up 297.27% year-on-year[9] - The cash inflow from operating activities totaled CNY 68,895.02 million, an increase of 21.55% compared to the previous period[33] - The cash inflow from investment activities surged to CNY 2,462.80 million, a remarkable increase of 1,184.78% compared to the previous period[36] - The net cash flow from financing activities improved significantly to CNY 1,786.23 million, an increase of 207.84% year-on-year[35] Government Subsidies - The company received government subsidies totaling ¥15,433,321.75 during the reporting period[10] - Other income saw a remarkable increase of 1,466.88 million, a growth of 1,918.74%, primarily due to increased government subsidies[29] Shareholder Information - The top ten shareholders include major stakeholders such as Shi Weidong with 31.68% and Hangzhou Jinjiang Group with 10.56%[16] - The company has not conducted any repurchase transactions among the top ten shareholders during the reporting period[16] Financial Standards and Compliance - The company has implemented new financial instrument standards affecting the classification of financial assets, resulting in a 100% decrease in available-for-sale financial assets[21] - The company has not undergone an audit for the Q3 report, indicating that the figures are unaudited[96] - The company has not reported violations regarding external guarantees during the reporting period[44] Research and Development - Research and development expenses for Q3 2019 were CNY 661,066.75, a decrease from CNY 838,669.01 in the previous year, indicating a reduction of 21.1%[62] - Research and development expenses increased to ¥2,154,444.27 from ¥1,894,945.01, reflecting a commitment to innovation[75]

Financial Performance - The company's operating revenue for the current period is ¥386,036,996.28, representing a 1.59% increase compared to ¥380,013,450.62 in the same period last year[23]. - Net profit attributable to shareholders of the listed company is ¥19,474,709.04, a significant increase of 178.35% from a loss of ¥24,857,440.62 in the previous year[23]. - The net profit after deducting non-recurring gains and losses is ¥11,793,760.22, up 145.81% from a loss of ¥25,743,625.00 in the same period last year[23]. - The net cash flow from operating activities is ¥20,393,185.67, a turnaround of 200.60% from a negative cash flow of ¥20,271,959.68 in the previous year[23]. - Basic earnings per share is ¥0.0497, compared to a loss of ¥0.0634 in the same period last year, marking an increase of 178.39%[23]. - The gross profit margin improved to 21.18%, up from 17.25% in the previous year, indicating a 3.92% increase[43]. - The operating profit reached 15.96 million yuan, an increase of 166.43% compared to the same period last year[43]. - The company achieved a main business revenue of 383.37 million yuan, an increase of 1.70% compared to the same period last year, with a glass price increase of 4.96%[44]. Investment and Expansion - The company plans to enhance profitability by entering the glass new materials sector and expanding overseas investments, despite acknowledging the risks of potential investment misjudgments[8]. - The company has established a comprehensive internal risk control system to mitigate investment risks associated with market entry strategies[8]. - The company is actively developing B2B e-commerce channels, resulting in steady growth in e-commerce revenue[42]. - The company has increased its overseas brand promotion efforts, aiming to enhance brand recognition in international markets[39]. - The company plans to strengthen risk management and improve operational efficiency in response to market conditions[50]. - The company signed a share acquisition intention agreement to acquire 45%-51% of Jiangsu Xiangteng New Materials Co., Ltd.[152]. - The share acquisition intention agreement was terminated as the parties could not reach a consensus on transaction terms by the deadline[153]. Market Challenges - The company reported a significant challenge in maintaining gross margins due to fluctuations in raw material prices, particularly in energy and chemical materials, which are expected to continue in the near future[7]. - The domestic daily glass industry remains fragmented with low market concentration, leading to intense price competition, especially with international giants entering the market[8]. - The company has identified the U.S. market as its largest export region, but faces challenges due to increasing global trade barriers, particularly from the U.S.[9]. - The company faces risks from raw material price fluctuations, which could impact gross margins due to environmental policies and global economic uncertainties[113]. - The company is expanding its overseas market presence, particularly in the U.S., which has become its largest export market, amidst increasing global trade barriers[114]. Subsidiary Performance - The subsidiary "莱恩精模" reported a net profit of 16,355.38 million RMB, contributing significantly to the company's overall profitability[91]. - The subsidiary "意德丽塔" achieved a net profit of 2,178,769.50 RMB, reflecting its operational success in the glassware sector[91]. - The subsidiary "凤阳德瑞矿业" reported a net profit of 1,833,335.51 RMB, indicating stable performance in the non-metallic mineral sales[91]. - The subsidiary "上海施歌实业" experienced a net loss of -165,920.72 RMB, highlighting challenges in its operations[91]. - The overall performance of subsidiaries indicates a mixed impact on the company's consolidated financial results, with some subsidiaries showing significant growth while others reported losses[95][96][97][98][100]. Risk Management and Compliance - The company emphasizes the importance of risk awareness for investors, highlighting the uncertainty in achieving operational goals due to market fluctuations[7]. - The company is classified as a key pollutant discharge unit by environmental protection authorities, with major pollutants including particulate matter and sulfur dioxide[141]. - The company has implemented various environmental protection measures, including investments totaling ¥1,702,500 in pollution control facilities from 2014 to 2019[141]. - The company has established a precise poverty alleviation plan, focusing on employment and modern agricultural initiatives in local impoverished villages[146]. - The company has no instances of illegal external guarantees during the reporting period[139]. Shareholder Information - The company’s stock is listed on the Shenzhen Stock Exchange under the code 002571[18]. - The company’s legal representative is Shi Weidong, who is also the actual controller[18]. - The total number of common shareholders at the end of the reporting period is 22,028[164]. - The largest shareholder, Shi Weidong, holds 31.68% of the shares, amounting to 49,000,000 shares[164]. - The proportion of restricted shares decreased from 35.40% to 27.50%[157].

Financial Performance - The company's operating revenue for 2018 was ¥794,655,649.56, a decrease of 0.17% compared to ¥795,984,172.87 in 2017[18]. - The net profit attributable to shareholders for 2018 was -¥127,896,759.89, representing a decline of 352.87% from ¥50,578,841.29 in 2017[18]. - The net cash flow from operating activities decreased by 68.24% to ¥38,911,663.33 in 2018 from ¥122,505,883.81 in 2017[18]. - The basic earnings per share for 2018 was -¥0.3263, a decrease of 352.95% compared to ¥0.1290 in 2017[18]. - Total assets at the end of 2018 were ¥1,764,325,150.14, down 6.33% from ¥1,883,484,947.00 at the end of 2017[19]. - The net assets attributable to shareholders decreased by 8.21% to ¥1,404,716,156.92 at the end of 2018 from ¥1,530,404,846.22 at the end of 2017[19]. - The company reported a quarterly operating revenue of ¥225,757,077.26 in Q4 2018, with a total annual revenue of ¥794,655,649.56[23]. - The company experienced a net loss of -¥85,952,465.18 in Q4 2018, contributing to the overall annual net loss[23]. - The weighted average return on equity for 2018 was -8.71%, a decrease of 12.08% from 3.37% in 2017[19]. - The gross profit margin decreased to 18.38%, down from 20.27% in 2017, reflecting increased competition and rising material costs[45][46]. Market and Competition - The domestic daily glass industry is characterized by low market concentration and intense price competition, exacerbated by international competitors establishing local production[5]. - The company’s main products have achieved a gross margin that is higher than the industry average, but increased competition may lead to price declines and reduced profitability[6]. - The company has maintained its leading position in the domestic daily glassware industry, participating in the drafting of multiple industry standards[30]. - The company reported a significant increase in overseas market share, filling gaps in markets such as the Netherlands, Bulgaria, and Mozambique, achieving double-digit growth year-on-year[32]. - The company expanded its market presence in the U.S. and filled gaps in markets such as the Netherlands and Portugal, achieving double-digit growth in foreign trade[45]. Strategic Initiatives - The company plans to enhance profitability by entering the new glass materials sector and expanding overseas, despite potential investment decision risks[4]. - The company emphasizes the importance of market research and a robust internal risk control system to mitigate investment risks associated with new ventures[4]. - The company aims for a 50% growth in its e-commerce sector, leveraging market data analysis to guide product structure planning and adjustments[32]. - The company has introduced an ERP system to replace manual processes, significantly reducing labor costs and improving operational efficiency[33]. - The company has strengthened its governance structure by introducing Hangzhou Jinjiang Group as a strategic shareholder, enhancing its corporate governance[34]. Investment and Asset Management - The company has invested 373,000 CNY in Anhui Fengyang Rural Commercial Bank and 500,000 CNY in Jiangsu Aolixun Network Communication Co., Ltd., indicating active asset management[36]. - The company established a wholly-owned subsidiary, Deli Glass, with an initial investment of 9.75 million USD to produce and sell glassware in Pakistan, indicating a strategic move towards international market expansion[32]. - The company has established a joint venture in Pakistan, with an asset scale of approximately 14.64 million yuan[37]. - The company has over 100 patents and has established a provincial-level technology center to maintain its technological advantage[38]. Operational Challenges - The company faces risks from raw material price fluctuations, particularly in energy and chemical materials, which are expected to impact profitability in the near term[4]. - The company plans to enhance risk management and operational efficiency to mitigate the impact of raw material price fluctuations[56]. - The company’s operational goals are subject to significant uncertainty due to market conditions and management efforts, which investors should consider when making investment decisions[4]. Corporate Governance and Compliance - The company has not reported any changes in its main business operations or major shareholders since its listing[17]. - The company has not engaged in any significant litigation or arbitration matters during the reporting period[179]. - The company has fulfilled its commitments regarding stock incentives and other obligations to minority shareholders[165]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[166]. Future Outlook - The company is focusing on expanding its product lines in glassware and ceramics, aiming to enhance market presence[123]. - Future outlook includes potential market expansion and new product development strategies to improve profitability[123]. - The company is exploring mergers and acquisitions to strengthen its market position and diversify its offerings[123]. - The company aims to ensure the completion of all annual targets and tasks, emphasizing strict performance management and accountability across all departments[142]. Dividend Policy - The company reported a net profit available for distribution to ordinary shareholders of CNY 40,477,152.66, but did not propose any cash dividend distribution plan[162]. - The total cash dividend amount (including other methods) for the year 2018 was CNY 0, representing 0% of the net profit attributable to ordinary shareholders[160]. - The company has not distributed any cash dividends in the past three years, with cash dividends consistently at CNY 0[161]. - The company is facing significant funding needs for projects such as the construction of an industrial glass project and the renovation of existing kilns, which may impact future dividend distributions[162]. Research and Development - The company has identified a need for further investment in R&D to enhance product offerings and market competitiveness[106]. - The company’s R&D investment accounted for only 0.35% of operating revenue, down from 0.93% in the previous year[79]. - The company has engaged in strategic capital management by utilizing surplus funds for operational needs and project completions[112]. Environmental and Social Responsibility - The company reported no major environmental violations and adheres to pollution discharge standards[200]. - The company actively participates in community donations and social responsibility activities[197].

Revenue and Profitability - Revenue for Q1 2019 was CNY 183,345,674.52, an increase of 8.91% compared to CNY 168,352,639.01 in the same period last year[9] - Net profit attributable to shareholders was CNY 3,205,531.64, a significant turnaround from a loss of CNY 16,061,358.02, representing a 119.96% increase[9] - Basic earnings per share improved to CNY 0.0082 from a loss of CNY 0.0410, marking a 120.00% increase[9] - Net profit for the current period was 306.45 million, a substantial increase of 1,912.99 million or 119.08% compared to the previous year[30] - The company achieved a total profit of ¥3,341,302.74, compared to a total loss of ¥15,026,922.52 in the previous period, marking a turnaround in profitability[60] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,811,084,215.88, up 2.65% from CNY 1,764,325,150.14 at the end of the previous year[9] - Total assets increased to CNY 1,894,936,657.57, up from CNY 1,832,279,713.59, representing a growth of approximately 3.7%[55] - Total liabilities increased to CNY 365,663,293.47 from CNY 325,414,377.25, representing an increase of approximately 12.4%[56] - Current liabilities rose to CNY 360,498,328.07, compared to CNY 320,024,292.94, reflecting an increase of about 12.6%[56] - The total equity attributable to shareholders rose to CNY 1,529,273,364.10, up from CNY 1,506,865,336.34, showing an increase of approximately 1.5%[57] Cash Flow - The net cash flow from operating activities was negative CNY 36,977,425.07, a decline of 16.56% compared to negative CNY 31,725,284.91 in the previous year[9] - Cash flow from operating activities totaled 19,890.53 million, representing a 17.30% increase from the prior period[32] - Cash flow from investing activities resulted in a net outflow of 2,646.67 million, a decrease of 12.61% year-over-year[32] - Cash flow from financing activities generated a net inflow of 1,952.28 million, a significant improvement compared to the previous period[32] - The net cash flow from operating activities was -34,901,333.31 yuan, compared to -39,698,404.18 yuan in the previous period, showing an improvement of approximately 7.2%[72] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,566, indicating a stable shareholder base[13] - The top shareholder, Shi Weidong, holds 31.68% of the shares, with a total of 124,159,350 shares, of which 93,119,512 are pledged[13] Expenses and Investments - Total operating costs increased to 18,510.32 million, up 247.51 million or 1.36% year-over-year[25] - Research and development expenses surged by 250.08% to 82.76 million, reflecting increased investment in R&D[25] - Financial expenses rose significantly by 787.29% to 129.28 million, primarily due to increased interest expenses from bank loans[26] - The company plans to acquire 45%-51% equity in Jiangsu Xiangteng New Materials Co., Ltd., although the agreement has not yet been finalized[37] Other Financial Metrics - The weighted average return on equity was 0.23%, an improvement of 1.29% from negative 1.06% in the same period last year[9] - The company reported non-recurring gains of CNY 3,652,145.06, with government subsidies contributing significantly to this figure[11] - Other income increased dramatically by 750.48% to 177.92 million, mainly due to higher government subsidies received[28] - The company received 20,000,000.00 yuan from borrowings during the financing activities, indicating a strategy to enhance liquidity[73] Inventory and Receivables - Inventory increased by 3,934.16 million RMB, representing a growth of 14.42%[17] - Accounts receivable decreased to 169.66 million yuan from 172.49 million yuan at the end of 2018[49] - Inventory levels increased to CNY 230,961,398.14 from CNY 201,217,218.55, indicating a rise of about 14.8%[54] Audit and Reporting Changes - The company has not undergone an audit for the first quarter report[81] - The report indicates a shift in financial asset classification due to the new financial instrument standards, impacting the reporting of certain investments[80]

Financial Performance - The company reported a cash dividend of 0.00 CNY per 10 shares, with no bonus shares issued, based on a total of 391,950,700 shares [6]. - The company's operating revenue for 2018 was ¥794,655,649.56, a decrease of 0.17% compared to ¥795,984,172.87 in 2017 [18]. - The net profit attributable to shareholders for 2018 was -¥127,896,759.89, representing a decline of 352.87% from ¥50,578,841.29 in 2017 [18]. - The net cash flow from operating activities decreased by 68.24% to ¥38,911,663.33 in 2018 from ¥122,505,883.81 in 2017 [18]. - The basic earnings per share for 2018 was -¥0.3263, a drop of 352.95% compared to ¥0.1290 in 2017 [18]. - Total assets at the end of 2018 were ¥1,764,325,150.14, down 6.33% from ¥1,883,484,947.00 at the end of 2017 [19]. - The net assets attributable to shareholders decreased by 8.21% to ¥1,404,716,156.92 at the end of 2018 from ¥1,530,404,846.22 at the end of 2017 [19]. - The company reported a net profit attributable to shareholders of 2,032,710.63 CNY for the period, with a significant increase in investment income from trading financial assets amounting to 41,250,000.00 CNY [27]. - The company reported a net loss of CNY 12,171,900 for the year, with inventory increasing by CNY 20,116,000 compared to the beginning of the year [60]. - The company reported a significant decrease in operating cash flow, with a cash flow from operating activities of CNY 187,770.46 [132]. Market and Competition - The domestic daily glass industry is characterized by low market concentration and intense price competition, exacerbated by international competitors establishing local production [5]. - The company has maintained its leading position in the domestic daily glassware industry, participating in the drafting of multiple industry standards [30]. - The company successfully lifted its stock from a risk warning status, changing its trading name from "*ST 德力" to "德力股份" on April 10, 2018 [34]. - The company reported a significant increase in overseas market share, achieving double-digit growth despite challenging market conditions [32]. - The company aims to expand into new markets and implement an "outgoing" strategy to overcome domestic capacity constraints and trade barriers [138]. Investment and Expansion - The company plans to enhance profitability by entering the new glass materials sector and expanding overseas, despite potential investment decision risks [4]. - The company established a wholly-owned subsidiary, Deli-JW Glassware Company Limited, in Pakistan with an initial investment of 9.75 million USD, focusing on the production and sales of glassware [32]. - The company has increased its investment in fixed assets and infrastructure to strengthen its core business [44]. - The company plans to enhance its overseas brand recognition through direct sales and partnerships [39]. - The company has committed investments totaling CNY 80,124.81 million, with cumulative investments of CNY 40,428.55 million, indicating a progress rate of 50.5% [106]. Risk Management - The company faces risks from raw material price fluctuations, particularly in energy and chemical materials, which are expected to impact profitability in the near term [4]. - The company emphasizes the importance of a robust internal risk control system to mitigate investment risks associated with market changes [4]. - The company plans to enhance risk management and operational efficiency to mitigate the impact of raw material price fluctuations [56]. - The company is committed to maintaining a cautious investment approach due to the uncertainties in achieving operational goals [4]. Research and Development - The company has implemented an ERP system to enhance operational efficiency, significantly reducing manual labor and improving supply chain management [33]. - The company has over 100 patents and has participated in the formulation of multiple industry and national standards [38]. - The company plans to establish a product research and development center to enhance the company's product innovation capabilities and address technological stagnation [145]. - The total R&D investment accounted for 0.35% of operating revenue, down from 0.93% in the previous year [79]. Subsidiaries and Joint Ventures - The subsidiary "Yidelita (Chuzhou) Crystal Glass Co., Ltd." reported a loss of CNY 12.17 million for the year 2018 [111]. - The subsidiary "Lai En Precision Mould" reported an operating income of CNY 197.71 million and a net profit of CNY 11.28 million, contributing significantly to the overall profitability of the company [120]. - The company established a new subsidiary, Anhui Zhuolei Trading Co., Ltd., with no operating performance reported for the current period [127]. - The company has established a wholly-owned subsidiary, Chuzhou Delicacy Crystal Glass Co., Ltd., using CNY 50 million of excess raised funds [108]. Environmental and Social Responsibility - The company has no significant environmental pollution issues, with all emissions meeting regulatory standards [196]. - The company actively participated in community donations and social responsibility activities [193]. - The company invested CNY 1.1 million in 2008 to build a wastewater treatment station with a designed capacity of 20 tons/hour, achieving an actual processing capacity of 160 tons/day [197]. - Environmental protection investments in 2018 amounted to CNY 5.735 million for various upgrades and modifications to pollution control systems [197]. Financial Management and Fundraising - The company has signed new tripartite supervision agreements for the management of raised funds with relevant banks and securities firms [102]. - The total amount of funds raised from the public offering in 2011 was RMB 633.6 million, with a net amount of RMB 587.63 million after deducting issuance costs [101]. - The company has complied with various regulations regarding the management and use of raised funds [101]. - The company has committed to not engaging in any competitive business activities that may harm its operations, with commitments being fulfilled as of the reporting period [159][161].

安徽德力日用玻璃股份有限公司 2018 年第三季度报告正文 证券代码：002571 证券简称：德力股份 公告编号：2018-063 安徽德力日用玻璃股份有限公司 2018 年第三季度报告正文 2018 年 10 月 1 安徽德力日用玻璃股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 非经常性损益项目和金额 公司负责人施卫东、主管会计工作负责人彭玉喜及会计机构负责人(会计主管人员)彭玉 喜声明：保证季度报告中财务报表的真实、准确、完整。 2 安徽德力日用玻璃股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,883,197,144.01 | | ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 380,013,450.62, a decrease of 0.21% compared to CNY 380,814,900.29 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was a loss of CNY 24,857,440.62, representing a decline of 178.99% from a profit of CNY 31,469,121.80 in the previous year[17]. - The net cash flow from operating activities was a negative CNY 20,271,959.68, down 118.50% from CNY 109,592,427.93 in the same period last year[17]. - The basic earnings per share were -CNY 0.0634, a decrease of 178.95% compared to CNY 0.0803 in the previous year[17]. - The gross profit margin decreased to 17.25%, down 3.49% from 20.74% in the same period last year[37]. - The company reported a net profit attributable to shareholders of -24.86 million yuan, a decline of 178.99% year-on-year[37]. - The company reported a total revenue of 98,573.06 thousand with a net profit of 33.64 thousand, reflecting a profit margin of approximately 34.1%[90]. - The company reported a total comprehensive loss of ¥1,680,007.48 from its associate company, compared to a profit of ¥313,295.32 in the previous period[103]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,862,191,534.98, a decrease of 1.13% from CNY 1,883,484,947.00 at the end of the previous year[17]. - The total liabilities of the company increased slightly to ¥14,221,964.62 from ¥14,206,461.77, indicating a stable financial position[103]. - Total current assets decreased from CNY 742,643,431.54 to CNY 691,155,903.05, a decline of approximately 6.9%[176]. - Total equity decreased from CNY 1,531,305,617.22 to CNY 1,507,026,188.27, a decline of approximately 1.6%[178]. Investment and Expansion Plans - The company plans to enter the new glass materials sector and expand overseas to enhance profitability, addressing structural overcapacity and trade barriers[5]. - The company aims for a 50% growth in its e-commerce sector and is accelerating its international expansion efforts[28]. - A new wholly-owned subsidiary, Deli-JW Glassware Company Limited, was established in Lahore, Pakistan, with an initial investment of $975 thousand to engage in the production and sales of glassware[28]. - The company plans to expand its overseas market presence through joint ventures and enhance its brand sales channels abroad[33]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its product offerings[91]. Operational Efficiency and Management - The company has strengthened its employee training budget to enhance team skills and management levels[29]. - The board plans to strengthen operational management and improve profit margins in response to current macroeconomic conditions[45]. - The company aims to enhance risk management mechanisms to mitigate asset impairment losses[45]. - The company has implemented strategies to enhance core product competitiveness and manage raw material price risks[45]. Cash Flow and Financing Activities - The company reported a net cash flow from financing activities of CNY 9,545.86 million, an increase of 79.66% compared to the previous year[52]. - The cash outflow from investment activities decreased by CNY 74.52 million, a reduction of 79.59% year-on-year[51]. - The net cash flow from operating activities was -26,986,615.65 yuan, a significant decrease compared to 103,062,196.78 yuan in the previous period[196]. - The company experienced a net decrease in cash and cash equivalents of -86,207,501.45 yuan, compared to -94,631,449.26 yuan in the previous period, indicating a slight improvement[197]. Environmental and Regulatory Compliance - The company operates a wastewater treatment station with a designed capacity of 20 tons per hour, with an actual treatment capacity of 160 tons per day[135]. - The company has implemented environmental monitoring through local environmental protection departments, adhering to national standards[138]. - The company has not reported any significant environmental pollution issues during the reporting period[134]. Shareholder and Corporate Governance - The company successfully applied to lift the delisting risk warning, changing its stock name from "*ST 德力" to "德力股份" on April 10, 2018[30]. - The total number of common shareholders at the end of the reporting period is 17,288[156]. - The largest shareholder, Shi Weidong, holds 31.68% of the shares, totaling 124,159,350 shares, with a decrease of 41,386,450 shares during the reporting period[156]. - The company has not undergone any changes in its controlling shareholder during the reporting period[159]. Challenges and Risks - The company faces risks from raw material price fluctuations due to tightening environmental policies and global economic uncertainties[5]. - The company noted that market conditions and rising costs affected product pricing, leading to promotional activities that reduced gross margins[77]. - The overall financial outlook remains cautious, with management providing guidance for a potential recovery in the upcoming quarters[92].

Financial Performance - The company's operating revenue for Q1 2018 was ¥168,352,639.01, a decrease of 3.43% compared to ¥174,327,083.04 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥16,061,358.02, an improvement of 9.16% from a loss of ¥17,681,207.24 in the previous year[9] - The basic earnings per share for the period was -¥0.0410, an improvement of 9.09% from -¥0.0451 in the same period last year[9] - The weighted average return on equity was -1.06%, an improvement of 0.15% from -1.21% in the previous year[9] - Net profit for Q1 2018 was -1,606.54 million CNY, an improvement of 165.37 million CNY or 9.33% compared to -1,771.91 million CNY in Q1 2017[24] - The company expects a net loss of between RMB -28 million and -22 million for the first half of 2018, compared to a net profit of RMB 31.47 million in the same period of 2017[42] Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥31,725,284.91, a decline of 278.65% compared to a positive cash flow of ¥17,758,201.35 in the same period last year[9] - The net cash flow from operating activities decreased by 49.48 million yuan, a decline of 278.65% compared to the same period last year, primarily due to a 19.11% decrease in cash received from sales of goods and services[30] - Cash inflow from operating activities totaled 16,957.43 million yuan, down 14.04% year-on-year, while cash outflow increased by 12.14% to 20,129.96 million yuan[31] - The company's cash and cash equivalents at the end of the period were 60.86 million yuan, down 58.18% from the previous year[30] - Cash outflow for debt repayment decreased by 56.77% to 42.80 million yuan compared to the previous year[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,821,015,506.69, down 3.32% from ¥1,883,484,947.00 at the end of the previous year[9] - The net assets attributable to shareholders decreased by 1.04% to ¥1,514,481,954.50 from ¥1,530,404,846.22 at the end of the previous year[9] - Total liabilities decreased by 4,659.25 million CNY, a reduction of 13.23%[1] - Total assets decreased by 6,246.94 million CNY, a decline of 3.32%[1] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,539[12] - The largest shareholder, Shi Weidong, holds 42.24% of the shares, amounting to 165,545,800 shares, with 124,159,350 shares pledged[13] Government Support and Subsidies - The company received government subsidies totaling ¥209,231.04 related to furnace technology renovation projects[10] - Other income increased by 20.92 million CNY, a growth of 100%, due to government subsidies recognized in the current period[26] Investment and Expansion - The company established a wholly-owned subsidiary, DeLi Glass Co., Ltd., with a cash investment of 50 million yuan to expand into the glass products manufacturing sector[35] - The company plans to invest 20 million yuan to establish a wholly-owned subsidiary, Anhui DeLi Industrial Glass Co., Ltd., to further penetrate the home appliance glass products market[35] - The company has made progress in its investment to implement technological upgrades and lens material glass projects[38] Operational Challenges - The decline in performance is attributed to the relatively low industry prosperity and the ongoing impact of rising prices for packaging materials and coal due to environmental pressures[42] Compliance and Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[45] - There were no violations of external guarantees during the reporting period[43] - The company has committed to not engaging in any competitive business activities that may harm its operations[40] - The company is actively working on the withdrawal of delisting risk warnings[39] - The company has committed to maintaining its business scale with suppliers and sales merchants during the specified period[41] Research and Development - The company has not conducted any research, communication, or interview activities during the reporting period[46] - The company is in the process of establishing wholly-owned subsidiaries as part of its investment strategy[37]

Financial Performance - The company achieved a main business revenue of CNY 791.105 million in 2017, with a net profit attributable to shareholders of CNY 50.5788 million[4]. - The company's operating revenue for 2017 was ¥795,984,172.87, a decrease of 8.71% compared to ¥871,904,291.20 in 2016[19]. - The net profit attributable to shareholders in 2017 was ¥50,578,841.29, representing a significant increase of 182.50% from a loss of ¥61,309,893.20 in 2016[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥28,221,004.19, an improvement of 73.66% from -¥107,153,143.30 in 2016[19]. - The net cash flow from operating activities for 2017 was ¥122,505,883.81, down 8.11% from ¥133,321,908.93 in 2016[19]. - The basic earnings per share for 2017 was ¥0.1290, compared to a loss of ¥0.1564 in 2016, marking an increase of 182.48%[20]. - The company reported a net profit of ¥49,150,329.04 in the second quarter of 2017, recovering from a loss of ¥17,681,207.24 in the first quarter[24]. - The company reported a significant increase in other operating income, amounting to 1,575,933.36 CNY, compared to 1,428,610.16 CNY in the previous period[30]. - The company achieved a net profit of 50.58 million yuan, a turnaround from the previous year's loss, with a year-on-year increase of 182.50%[44]. - The company's operating profit increased by 253.49% to 84.72 million yuan[45]. - The gross profit margin improved to 20.27%, up 3.64% from 16.63% in 2016, attributed to product price adjustments and cost management[45][46]. Assets and Liabilities - As of December 31, 2017, the total assets of the company amounted to CNY 1,883.4849 million, and the net assets attributable to shareholders were CNY 1,530.4048 million[4]. - The total assets at the end of 2017 were ¥1,883,484,947.00, a decrease of 6.09% from ¥2,005,584,991.89 at the end of 2016[20]. - The net assets attributable to shareholders at the end of 2017 were ¥1,530,404,846.22, an increase of 4.14% from ¥1,469,562,652.83 at the end of 2016[20]. - The company's inventory at year-end was valued at 241.74 million yuan, a decrease of 3.06% from the beginning of the year, indicating effective inventory management[49]. - The company has not reported any significant changes in fixed assets or intangible assets during the reporting period[37]. Investment and Capital Management - The company plans to enhance profitability by entering the glass new materials sector and expanding overseas investments, despite facing risks of investment misjudgment[6]. - The company made substantial investments in equity assets, including 7,100.80 million CNY in Shanghai Jichuang Yinghao Venture Capital Management Co., Ltd. and 750.00 million CNY in Beijing Dingheng Boyuan Cultural Media Co., Ltd.[37]. - The company has established a complete industrial chain advantage from raw material preparation to product design and deep processing[44]. - The company is actively managing its fundraising and investment strategies to ensure optimal utilization of resources[98]. - The company has completed a capital increase of RMB 4 million, representing a 2% increase in its registered capital[96]. - The company has also completed a capital increase of RMB 10 million, which accounts for 20% of its registered capital[96]. - The company has transferred CNY 41,386.09 million from the raised funds account to the self-use funds account for permanent working capital[101]. - The company has completed the construction of the "Industrial Reserve Land and Warehouse Base" project, resulting in surplus raised funds of CNY 10,167,300[105]. Risk Management - The company acknowledges risks related to raw material price fluctuations, which may impact profitability due to environmental policies and global economic uncertainties[5]. - The company is working on establishing a comprehensive internal risk control system to mitigate investment risks associated with industry overcapacity and trade barriers[6]. - The company is currently under special treatment for delisting risk but believes it meets the conditions to apply for the removal of this risk warning[4]. - The company emphasizes the importance of market conditions and management efforts in achieving operational goals, highlighting the uncertainty in performance commitments[4]. Strategic Focus and Market Expansion - The company plans to expand its overseas market presence, enhancing the sales proportion of its own brand in international channels[41]. - The company is committed to enhancing production efficiency and innovation to address the challenges posed by the current industry environment[35]. - The company plans to maintain a 50% growth rate in the e-commerce sector while expanding market channels and improving customer service systems[136]. - The company aims to focus on product quality and technological upgrades while seeking strategic partners that align with its long-term development goals[135]. - The company is exploring strategic planning for capacity transfer and overseas investment to improve profitability[140]. Subsidiaries and Equity Structure - The company has established several new subsidiaries, including Anhui Caine Precision Mould Manufacturing Co., Ltd. and Yidelita (Chuzhou) Crystal Glass Co., Ltd., with a 100% ownership stake in each[128]. - The subsidiary Yidelita (Chuzhou) Crystal Glass Co., Ltd. recorded a net loss of 27,565,418 CNY in 2017, with total assets of 281,981,820 CNY[118]. - The company has adjusted its strategic focus by divesting non-core subsidiaries to concentrate resources on its main business[106]. - The company has not reported any major equity sales during the reporting period, indicating stability in its ownership structure[115]. Audit and Compliance - The company has received an unqualified audit report from Tianzhi International Accounting Firm for the fiscal year 2017[4]. - The company reported a total of 60 million RMB in audit fees paid to Tianzhi International Accounting Firm, which has been the auditor for 10 consecutive years[160]. - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[153]. - The company did not experience any major litigation or arbitration matters during the reporting period[162]. Innovation and R&D - The company is currently developing key technologies for glassware production robots, with two utility model patents obtained, which may enhance automation in production lines[74]. - The company has developed a new glass formula that meets high transparency and safety standards, filling a technical gap in the production of high-end glassware[76]. - The company’s R&D investment decreased by 50.14% to approximately CNY 7.39 million in 2017, compared to CNY 14.83 million in 2016, representing only 0.93% of operating revenue[76]. - The number of R&D personnel dropped by 70.34% from 145 in 2016 to 43 in 2017, reducing the R&D personnel ratio from 5.32% to 1.93%[76].

Financial Performance - The company achieved a main business revenue of 791.105 million yuan and a net profit attributable to shareholders of 50.5788 million yuan for the year 2017[4]. - The company's operating revenue for 2017 was ¥795,984,172.87, a decrease of 8.71% compared to ¥871,904,291.20 in 2016[19]. - The net profit attributable to shareholders in 2017 was ¥50,578,841.29, representing a significant increase of 182.50% from a loss of ¥61,309,893.20 in 2016[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥28,221,004.19, an improvement of 73.66% from -¥107,153,143.30 in 2016[19]. - The basic earnings per share for 2017 was ¥0.1290, a turnaround from -¥0.1564 in 2016, marking an increase of 182.48%[20]. - The company reported a net profit of ¥49,150,329.04 in the second quarter of 2017, recovering from a loss of ¥17,681,207.24 in the first quarter[24]. - The company reported a total revenue of 52,022.04 million CNY for the year 2017, with a net profit of 10,484.03 million CNY, indicating a strong financial performance[112]. - The net profit attributable to shareholders for 2017 was 60.49 million RMB, an increase of 23.3% from 49.05 million RMB in the previous year[155]. Assets and Liabilities - As of December 31, 2017, the total assets of the company were 1.8834849 billion yuan, and the net assets attributable to shareholders were 1.5304048 billion yuan[4]. - The total assets at the end of 2017 were ¥1,883,484,947.00, a decrease of 6.09% from ¥2,005,584,991.89 at the end of 2016[20]. - The net assets attributable to shareholders increased by 4.14% to ¥1,530,404,846.22 at the end of 2017 from ¥1,469,562,652.83 at the end of 2016[20]. - The company's inventory at year-end was valued at 241.74 million yuan, a decrease of 3.06% from the beginning of the year, primarily due to efforts to reduce long-term inventory[49]. - The company reported a provision for inventory impairment of 25.68 million yuan during the period, while reversing 28.21 million yuan of previously recognized impairment[54]. Revenue and Sales - The company's total operating revenue for 2017 was approximately ¥795.98 million, a decrease of 8.71% compared to ¥871.90 million in 2016[61]. - The sales volume of glass products decreased by 15.87% to 137,520.49 tons in 2017 from 163,466.8 tons in 2016[64]. - The revenue from kitchenware products fell by 35.26% to approximately ¥104.78 million, while revenue from other utensils increased by 30.12% to approximately ¥113.99 million[61]. - The international market revenue increased by 24.40% to approximately ¥114.26 million, indicating growth in overseas sales[61]. Investments and Expenditures - The company made substantial investments in equity assets, including 29.7 million CNY in Anhui Fengyang Rural Commercial Bank and 75 million CNY in Beijing Dingheng Boyuan Cultural Media Co., Ltd[37]. - The company has invested 1,547.80 million CNY in the technical transformation and lens material block glass project at its wholly-owned subsidiary, Yidelita (Chuzhou) Crystal Glass Co., Ltd.[113]. - The company reported an investment income of 48.61 million yuan, accounting for 56.32% of total profit, primarily from equity transfers[87]. - The company has committed to returning bank loans amounting to 7,500 million, achieving a 100% repayment rate[104]. Strategic Plans and Market Position - The company plans to enhance profitability by entering the new glass materials sector and expanding overseas investments, despite facing risks of investment misjudgment[6]. - The company is focusing on expanding its market presence and enhancing product offerings through new technology development[119]. - The company aims to increase its revenue by exploring new markets and potential acquisitions in the coming years[116]. - The company plans to maintain a growth rate of 50% in the e-commerce sector while expanding its market channels and enhancing customer service systems[136]. - The company aims to upgrade its products and technology while maintaining its market share and improving profit margins[135]. Risk Management - The company acknowledges risks related to raw material price fluctuations, which may impact profitability due to environmental policies and global economic uncertainties[5]. - The company recognizes risks related to stock market delisting and raw material price fluctuations, which may impact profitability[139]. - The company plans to strengthen operational management and risk control measures in response to the current macroeconomic conditions[56]. Corporate Governance and Compliance - The company has no discrepancies between financial reports prepared under international accounting standards and Chinese accounting standards for the reporting period[21]. - The company did not experience any major litigation or arbitration matters during the reporting period[162]. - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[153]. - The company has not engaged in entrusted financial management or loans during the reporting period[178][180]. Subsidiaries and Joint Ventures - The net profit of Anhui Delixi Daily Glass Co., Ltd. for 2017 was 6,000,000 CNY, representing a 29.46% contribution to the total net profit[116]. - The subsidiary Yidelita (Chuzhou) Crystal Glass Co., Ltd. recorded a net loss of 27,565,418 CNY in 2017, with total assets of 281,981,820 CNY[118]. - The company established several new subsidiaries, including Anhui Caine Precision Mould Manufacturing Co., Ltd. and Yidelita (Chuzhou) Crystal Glass Co., Ltd., with a 100% ownership stake in each[128]. Research and Development - The company is currently developing key technologies for glassware production robots, with two utility model patents obtained, indicating progress in automation[74]. - The company plans to continue investing in research and development to innovate new products and improve existing ones[119]. - The company has a strong emphasis on environmental sustainability, with products that are recyclable and pollution-free[36]. Fundraising and Financial Management - The total amount of funds raised by the company in 2011 was RMB 587.63 million after deducting issuance costs[99]. - The company has implemented a special account storage system for raised funds to ensure proper management and usage[100]. - The company has not sold any major assets during the reporting period, maintaining its asset base[114]. - The company has not reported any major equity sales during the reporting period, indicating stability in its ownership structure[115].