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].

Financial Performance - Operating revenue for the reporting period was CNY 200,838,805.40, a decrease of 4.44% year-on-year, while year-to-date revenue was CNY 581,653,705.69, down 5.37%[9] - Net profit attributable to shareholders was a loss of CNY 3,409,479.86, representing an increase in loss of 80.62% year-on-year, while year-to-date net profit was CNY 28,059,641.94, up 164.55%[9] - Basic earnings per share for the reporting period was -CNY 0.0087, a decrease of 80.62% year-on-year, while year-to-date basic earnings per share was CNY 0.0716, an increase of 164.56%[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -CNY 4,222,836.31, an increase in loss of 76.78% year-on-year[9] - The company reported a significant increase in net profit year-to-date, indicating potential recovery despite the quarterly losses[9] - The company expects to turn a profit in 2017, with a projected net profit of between 30 million and 40 million yuan, compared to a net loss of 61.31 million yuan in 2016[40] Cash Flow - The net cash flow from operating activities was -CNY 45,007,174.81, a significant decrease of 187.99% compared to the same period last year[9] - The net cash flow from operating activities increased by 16.64 million CNY, a growth of 34.71% compared to the same period last year, primarily due to increased cash receipts from sales and government subsidies[30] - The cash flow from operating activities increased by 48.28 million CNY, a growth of 7.74% year-on-year, driven by improved collection efforts[30] - The net cash flow from financing activities improved by 21.77 million CNY, an increase of 12.61% compared to the previous year, despite a substantial decrease in cash received from loans[34] Assets and Liabilities - Total assets at the end of the reporting period decreased by 7.68% to CNY 1,851,575,144.74 compared to the end of the previous year[9] - The company's cash and cash equivalents decreased by CNY 146.04 million, a decline of 51.60%, primarily due to the repayment of bank loans amounting to CNY 144 million[18] - Total liabilities decreased by 18,217.38 million yuan, a reduction of 33.97% compared to the beginning of the period[21] - Short-term borrowings decreased by 12,400.00 million yuan, down 86.11%, primarily due to the repayment of loans due during the period[21] - Long-term borrowings decreased by 2,280.00 million yuan, a 100.00% reduction, as all long-term borrowings were repaid during the period[21] Government Subsidies - The company received government subsidies totaling CNY 62,221,185.06 during the reporting period, contributing to non-recurring gains[10] - The company received a total of 60.92 million CNY in government subsidies during the reporting period, accounting for 124.19% of the net profit from the last audited fiscal year[36] - Government subsidies received in the first half of the year positively impacted the company's profits for the current period[40] Inventory and Investments - Accounts receivable decreased by CNY 42.28 million, a reduction of 16.71%[18] - Prepayments increased by CNY 12.44 million, a growth of 161.99%, mainly due to increased payments for equipment purchases related to production line upgrades[19] - Long-term equity investments increased by CNY 59.93 million, a growth of 32.95%, due to an investment payment of CNY 60 million to Shanghai Jichuang Yinghao Venture Capital Management Co., Ltd.[20] - Construction in progress increased by CNY 6.22 million, a growth of 53.51%, due to the transfer of the kiln from "fixed assets" to "construction in progress" related to production line upgrades[20] - Inventory increased by CNY 3.80 million, a rise of 1.52%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,457, with the largest shareholder holding 42.24% of the shares[14] - The total equity attributable to shareholders of the parent company increased by 2,805.96 million yuan, a growth of 1.91% compared to the beginning of the period[21] Risk and Management - The company faced a "delisting risk warning" due to consecutive years of negative audited net profits[35] - The improvement in performance is attributed to market judgment and product structure adjustments, enhanced cost management, and price adjustments on certain products due to raw material cost changes[40] - The company has increased marketing efforts to reduce old inventory and strengthened accounts receivable management, leading to a reduction in impairment provisions[40]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥380,814,900.29, a decrease of 5.85% compared to ¥404,493,225.70 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥31,469,121.80, representing a significant increase of 221.60% from a loss of ¥25,878,206.84 in the previous year[17]. - The net cash flow from operating activities was ¥109,592,427.93, a remarkable increase of 3,520.97% compared to a negative cash flow of ¥3,203,544.73 in the same period last year[17]. - The basic earnings per share improved to ¥0.0803, compared to a loss of ¥0.0660 per share in the previous year, marking an increase of 221.67%[17]. - The total assets at the end of the reporting period were ¥1,934,137,555.69, a decrease of 3.56% from ¥2,005,584,991.89 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased to ¥1,501,031,774.63, reflecting a growth of 2.14% from ¥1,469,562,652.83 at the end of the previous year[17]. - The company reported a total of government subsidies amounting to ¥61,779,665.46, which includes various forms of financial support from local authorities[22]. - The company received a total of ¥46,455,743.06 in non-recurring gains, after accounting for tax impacts[23]. - The company reported a total revenue of 80,124.8 million, with a net profit of 40,428.5 million, reflecting a growth of 6.25% year-over-year[79]. - The company reported a net profit of -19,873,991 CNY for the first half of 2017, indicating a significant loss compared to previous periods[96]. Risks and Challenges - The company faces risks related to declining gross profit margins due to rising costs of packaging materials and soda ash, which may not be fully passed on to consumers[4]. - There is a risk of bad debts from accounts receivable as the company expands capacity and grants credit to distributors amid economic slowdown[4]. - The company is under risk warning for potential delisting if it continues to report net losses in 2017, as per Shenzhen Stock Exchange regulations[5]. - The company faces risks related to declining gross margins due to rising raw material costs and environmental regulations[107]. - The company plans to enhance credit assessment and collection efforts on accounts receivable to mitigate risks associated with credit extensions to distributors[108]. Investments and Capital Management - The company made significant investments in equity assets, including ¥2.97 million in Anhui Fengyang Rural Commercial Bank and ¥5 million in Shanghai Jichuang Yinghao Venture Capital Management Co., Ltd[27]. - The total investment during the reporting period was CNY 60,720,000.00, an increase of 104.10% compared to CNY 29,750,000.00 in the same period last year[63]. - The company has completed all disclosed construction content for the project "Industrial Reserve Land and Warehouse Base Construction," with a surplus of CNY 10,167,300[76]. - The company has allocated 37.51 million CNY of surplus fundraising for capital increase and technical transformation projects at its wholly-owned subsidiary, Yidelita (Chuzhou) Crystal Glass Co., Ltd.[82]. - The company has invested a total of 36.38 million CNY in pre-invested fundraising projects as of September 15, 2017[83]. Market Position and Strategy - The company maintains a strong competitive advantage due to its access to high-quality quartz sand, which constitutes over 50% of its raw material weight, sourced from the largest reserves in East China[29]. - The company has established a comprehensive distribution network across multiple channels, including self-operated supermarkets, agency distribution, e-commerce, and export, enhancing its market presence[26]. - The company continues to focus on expanding its market share and maintaining its competitive edge in a traditionally conservative industry[31]. - The company plans to expand its market presence through the establishment of a new marketing platform, which is expected to enhance sales by 2.64%[79]. - The company is actively pursuing market expansion strategies to enhance its competitive position in the industry[79]. Research and Development - The company holds over 100 patents and has established a provincial-level technology center, emphasizing its commitment to research and development in the glassware sector[29]. - The company is focusing on research and development of new glass products to meet market demand[79]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[175]. Shareholder and Equity Information - The total number of shareholders at the end of the reporting period was 26,727, with no preferred shareholders[146]. - The largest shareholder, Shi Weidong, holds 42.24% of the shares, totaling 165,545,800 shares, with 124,159,350 shares under limited sale conditions[146]. - The company reported that there were no securities issuance or listing activities during the reporting period[144]. - The company confirmed that there are no related party transactions among the major shareholders, except for familial relationships among some[148]. Cash Flow and Financial Stability - The company's cash and cash equivalents decreased from CNY 282,990,916.08 at the beginning of the period to CNY 217,505,900.71 at the end, representing a decline of approximately 23.2%[165]. - The ending cash and cash equivalents balance was ¥165,330,091.01, down from ¥320,785,381.64 in the previous period[183]. - The company reported a minimum lease payment obligation of 498.40 thousand yuan for operating leases[129]. - The company has not engaged in any major related party transactions during the reporting period[122].

Financial Performance - The company's operating revenue for Q1 2017 was ¥174,327,083.04, representing a 1.47% increase compared to ¥171,798,871.83 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥17,681,207.24, which is a 13.81% increase in loss compared to a loss of ¥15,535,400.91 in the previous year[8] - The basic earnings per share for the reporting period was -¥0.0451, a decrease of 13.89% compared to -¥0.0396 in the same period last year[8] - Net profit for Q1 2017 was -1,771.91 million, a decrease of 217.95 million or 14.03% compared to the same period last year[25] Cash Flow - The net cash flow from operating activities improved significantly to ¥17,758,201.35, a 302.88% increase from a negative cash flow of ¥8,752,954.93 in the same period last year[8] - The net cash flow from operating activities increased by 26.51 million CNY, a growth of 302.88% compared to the same period last year[30] - Cash received from sales of goods and services rose to 190.65 million CNY, an increase of 15.39% year-on-year[30] - The net cash flow from investment activities decreased by 23.87 million CNY, a decline of 188.19% compared to the previous year[32] - Cash inflow from investment activities totaled 4.44 million CNY, down 85.28% year-on-year[32] - Cash flow from financing activities showed a net outflow of 81.06 million CNY, a decrease of 1390.22% compared to the same period last year[33] - Cash received from borrowings fell to 20 million CNY, a decrease of 79.80% year-on-year[33] - The company reported a significant reduction in cash paid for purchasing goods and services, which decreased by 22.77% year-on-year[31] - The cash and cash equivalents at the end of the period were 145.54 million CNY, a decrease of 44.96% compared to the previous year[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,935,946,126.26, down 3.47% from ¥2,005,584,991.89 at the end of the previous year[8] - The total liabilities decreased by 5,191.98 million, a decline of 9.68% compared to the beginning of the period[20] - Total assets decreased by 6,963.89 million, a reduction of 3.47% compared to the beginning of the period[20] - The net assets attributable to shareholders decreased by 1.20% to ¥1,451,881,445.59 from ¥1,469,562,652.83 at the end of the previous year[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,760[12] - The largest shareholder, Shi Weidong, holds 42.24% of the shares, amounting to 124,159,350 shares, with a portion being pledged[12] Inventory and Receivables - Accounts receivable decreased by 2,472.04 million, a reduction of 9.77% compared to the beginning of the period[17] - Inventory increased by 3,178.74 million, representing a growth of 12.75% compared to the beginning of the period[17] Borrowings - Short-term borrowings decreased by 7,900.00 million, a drop of 54.86% compared to the beginning of the period[20] Government Support - The company received government subsidies amounting to ¥154,652.61 during the reporting period[9] Future Outlook - The company expects a net loss of between 25 million CNY and 20 million CNY for the first half of 2017[36] Corporate Activities - The company plans to continue its major asset restructuring process initiated in 2016[34] - There are no non-operating fund occupations by controlling shareholders and their affiliates during the reporting period[38] - The company did not engage in any research, communication, or interview activities during the reporting period[39]

Financial Performance - The company reported a continuous net loss for 2016, which may lead to a delisting risk warning according to the Shenzhen Stock Exchange regulations[5]. - The company has not declared any cash dividends or stock bonuses for the year, indicating a focus on financial recovery[7]. - The net profit attributable to shareholders was a loss of ¥61,309,893.20, an improvement of 2.20% from a loss of ¥62,689,923.22 in 2015[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥107,153,143.30, worsening by 58.68% from a loss of ¥67,526,979.40 in 2015[18]. - The company reported a net loss of approximately ¥61.31 million in 2016, with no cash dividends distributed over the past three years[137]. Revenue and Sales - The company's operating revenue for 2016 was ¥871,904,291.20, representing a 1.67% increase compared to ¥857,577,325.25 in 2015[18]. - In 2016, the company achieved operating revenue of 871.90 million yuan, an increase of 1.67% compared to the previous year[40]. - The sales volume of glass products reached 163,466.80 tons, a growth of 5.77% compared to 154,549.94 tons in 2015[42]. - The revenue from kitchenware decreased by 20.92% to 161,861,865.65 CNY, while the revenue from wine and water utensils increased by 4.01% to 620,266,216.27 CNY[52]. Cost and Expenses - The company's gross profit margin declined to 16.63%, down from 21.33% in the previous year, due to increased competition and lower sales prices[40]. - The main raw material costs increased by 25.02% to 241,071,020.24 CNY, accounting for 33.13% of the total operating costs[57]. - Sales expenses decreased by 7.67% to 61,752,178.62 CNY, primarily due to reduced transportation costs[64]. - Management expenses slightly decreased by 0.84% to 113,055,664.09 CNY, influenced by adjustments in personnel structure and asset depreciation[64]. - Financial expenses decreased by 19.31% to 10,909,590.01 CNY, mainly due to reduced borrowing from financial institutions[64]. Assets and Liabilities - The total assets at the end of 2016 were ¥2,005,584,991.89, a decrease of 10.01% from ¥2,228,755,719.12 at the end of 2015[19]. - The net assets attributable to shareholders decreased by 3.27% to ¥1,469,562,652.83 from ¥1,519,238,451.01 in 2015[19]. - The company recorded an asset impairment of 49.85 million CNY for operating assets and 2.51 million CNY for idle assets due to previous losses in the glassware business[49]. Investment and Financing - The company has invested CNY 30 million in Anhui Fengyang Rural Commercial Bank and CNY 67.5 million in Beijing Tianyue Oriental Cultural Media Co., Ltd. during the reporting period[33]. - The company reported a net cash flow from investment activities of ¥71,958,201.49, a significant increase of 141.83% compared to a net outflow of ¥172,036,038.73 in 2015[69]. - The company completed the transfer of 100% equity of Anhui Shige Home Products Co., Ltd. for a total price of 67.605 million RMB, with the transfer completed on June 3, 2016[148]. Market and Industry Conditions - The glassware industry experienced a decline in production growth, with market demand insufficient to support capacity increases, leading to structural overcapacity issues[31]. - The overall economic performance of the industry is declining, with rising costs in energy, soda ash, packaging, and transportation affecting profitability[31]. - The company is positioned as a leading enterprise in the domestic daily glass industry, actively participating in the formulation of industry standards[31]. Risk Management - The company has identified risks related to fluctuations in raw material prices, particularly in energy and chemical materials, which could impact profitability and gross margin levels[5]. - There is a risk of bad debts due to credit extended to dealers during capacity expansion, which may not be recoverable in a slowing economy[6]. - The company intends to enhance risk management strategies to mitigate the impact of raw material price fluctuations on its operations[46]. Research and Development - The company's R&D investment amounted to ¥14,827,641.73 in 2016, a decrease of 17.80% compared to ¥18,038,197.01 in 2015, representing 1.70% of operating revenue[68]. - The number of R&D personnel decreased by 8.23% from 158 in 2015 to 145 in 2016, with the proportion of R&D personnel in total workforce dropping from 5.91% to 5.32%[68]. - The company has filed for 2 patents related to the development of a glassware blowing robot, which aims to automate production and reduce labor costs[67]. Corporate Governance - The company emphasizes the protection of shareholder and creditor rights through improved governance and timely disclosure of major information[174]. - The company has established a harmonious labor relationship, providing various social insurances and health checks for employees[175]. - The company has not published a social responsibility report, indicating a potential area for improvement in transparency[177]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,202, a decrease from 25,760 at the end of the previous month[189]. - Shareholder Shi Weidong holds 42.24% of the shares, totaling 165,545,800 shares, with an increase of 1,045,800 shares during the reporting period[189]. - The company’s total shares amount to 391.957 million, with 63.09% being unrestricted shares and 36.91% being restricted shares[184].

安徽德力日用玻璃股份有限公司 2016 年第三季度报告全文 安徽德力日用玻璃股份有限公司 2016 年第三季度报告 2016 年 10 月 1 安徽德力日用玻璃股份有限公司 2016 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人施卫东、主管会计工作负责人吴健及会计机构负责人(会计主管人员)王利丽声明：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 2016 年第三季度报告全文 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） | 2,056,124,175.12 | 2,228,755,719.12 | | -7.75% | | 归属 ...