福建省闽发铝业股份有限公司 2014 年第三季度报告正文 证券代码：002578 证券简称：闽发铝业 公告编号：2014-050 福建省闽发铝业股份有限公司 2014 年第三季度报告正文 1 福建省闽发铝业股份有限公司 2014 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚 假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人黄天火、主管会计工作负责人罗丽及会计机构负责人(会计主管人员)林国城声明：保证季 度报告中财务报表的真实、准确、完整。 2 福建省闽发铝业股份有限公司 2014 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,337,779,143.34 | 1,219,808,63 ...

Financial Performance - The company achieved operating revenue of CNY 530,891,731.83, an increase of 6.91% compared to the same period last year[21]. - The net profit attributable to shareholders was CNY 17,832,511.50, a decrease of 23.67% year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 18,695,265.33, down 8.18% from the previous year[21]. - The weighted average return on net assets decreased to 1.86%, down 0.68% from the previous year[21]. - The basic earnings per share were CNY 0.1, a decrease of 28.57% compared to the same period last year[21]. - The company’s gross profit margin decreased due to rising labor costs and increased depreciation expenses[31]. - Net profit for the period was 17.83 million, representing a 23.67% decrease year-on-year[31]. - The anticipated decline in profit is attributed to a challenging economic environment, slower real estate development, and intensified market competition[78]. Cash Flow and Investments - The net cash flow from operating activities was CNY 40,371,532.18, a significant increase of 1,258.71% compared to the same period last year[21]. - The company’s cash flow from operating activities increased by 1258.71% year-on-year, reaching 40.37 million[42]. - Investment activity cash inflow increased by 477.94% compared to the previous year, totaling 229.35 million[42]. - The net cash flow from investing activities was negative at -¥73,973,365.18, an improvement of 40.92% from -¥125,203,988.63 year-on-year[43]. - The net cash flow from financing activities increased significantly by 736.72% to ¥32,321,778.93, compared to ¥3,862,906.63 in the previous year[43]. - The company has temporarily used 5,000 million RMB of idle raised funds to supplement working capital, ensuring liquidity for project operations[72]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,483,256,233.07, representing a growth of 21.60% from the end of the previous year[21]. - The company's total liabilities increased to CNY 503,204,944.25 from CNY 258,050,639.30, reflecting a rise of about 95.0%[129]. - The total equity attributable to shareholders rose to CNY 970,690,464.31 from CNY 952,322,909.06, showing an increase of approximately 1.9%[129]. - Current assets rose to CNY 806,102,647.04 from CNY 676,505,115.49, an increase of about 19.2%[127]. - The long-term equity investments increased to CNY 60,000,000.00 from CNY 0, indicating a new investment strategy[128]. Market and Competition - The company faces challenges from market competition and rising labor costs, impacting overall profitability[28]. - The company plans to expand its market presence and enhance product development in the upcoming quarters[56]. - The company is exploring potential mergers and acquisitions to accelerate growth and market expansion[56]. Research and Development - Research and development expenses rose by 26.94% to ¥14,447,415.38, compared to ¥11,380,955.09 in the previous year[43]. - The company has initiated new product research and development to improve its competitive edge in the aluminum industry[56]. Shareholder and Governance - The company reported a total share count of 171.8 million shares, with 74.97% being restricted shares prior to the release of 12.88 million shares on April 28, 2014[113]. - The company has maintained compliance with corporate governance standards as per regulatory requirements[85]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[119]. Financial Management - The company has invested in financial institutions to enhance management and investment experience, aiding in risk management[30]. - The total amount of entrusted financial management funds reached CNY 21.62 billion, with a self-raised fund source of CNY 14.62 billion, achieving a return rate of 98.42%[57]. - The company has no overdue principal and income from entrusted financial management, indicating effective management of financial assets[57]. Compliance and Reporting - The semi-annual financial report was not audited, which may affect the reliability of the financial data presented[125]. - The company’s financial report complies with the requirements of the accounting standards, ensuring a true and complete reflection of its financial results[162].

Financial Performance - Revenue for Q1 2014 was CNY 231,344,349.23, a decrease of 5.14% compared to CNY 243,866,998.65 in the same period last year[8] - Net profit attributable to shareholders was CNY 10,379,027.08, down 1.64% from CNY 10,551,577.08 year-on-year[8] - The weighted average return on equity was 1.08%, a slight decrease from 1.16% in the same period last year[8] - The net profit attributable to shareholders for the first half of 2014 is expected to be between CNY 19.858 million and CNY 26.867 million, reflecting a change of -15% to 15% compared to CNY 23.3624 million in the same period of 2013[20] - The company experienced a certain growth in production and sales volume compared to the same period in 2013, which positively impacted performance[21] - However, the continuous decline in domestic aluminum ingot prices and the depreciation of inventory value have negatively affected the company's performance in the first half of 2014[21] Cash Flow and Investments - Net cash flow from operating activities improved significantly to CNY 6,552,335.99, a 143.84% increase from a negative CNY 14,945,001.69 in the previous year[8] - Cash flow from operating activities decreased by 31.14% to $230,660,439.58 from $334,993,913.75 mainly due to a decline in sales[16] - Cash received from investment increased by 600% to $70,000,000 from $10,000,000 due to a higher volume of bank financial products[17] - Cash paid for investments surged by 1372.82% to $147,281,736.12 from $10,000,000 as investments in bank financial products increased year-on-year[17] - Cash received from the disposal of fixed assets increased significantly by 13900% to $280,000 from $2,000 due to the sale of old fixed assets[17] Assets and Liabilities - Total assets increased by 4.95% to CNY 1,280,166,594.86 from CNY 1,219,808,635.34 at the end of the previous year[8] - The company's net assets attributable to shareholders rose by 1% to CNY 961,844,498.64 compared to CNY 952,322,909.06 at the end of the last year[8] - Accounts receivable decreased by 70.53% to $1,600,000 from $5,430,000 due to timely endorsements[16] - Prepayments decreased by 67.47% to $12,944,809.59 from $39,787,696.17 as prepayments reduced compared to the beginning of the year[16] - Other current assets increased by 68.63% to $86,201,064.55 from $51,117,517.44 mainly due to an increase in financial products and input tax credits[16] - Short-term borrowings increased by 234.73% to $57,276,183.74 from $17,111,130.69 due to an increase in pledged loans[16] Income and Subsidies - Non-operating income from the disposal of non-current assets increased by 1722% to CNY 166,226.46 compared to the same period last year[9] - Government subsidies recognized in the current period decreased by 18% to CNY 1,679,111.00 compared to the previous year[9] - Investment income rose by 569.11% to $1,274,348.25 from $190,452.95 primarily due to increased returns from bank financial products and forward foreign exchange settlements[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,169[11] - The largest shareholder, Huang Tianhuo, holds 42.73% of the shares, with 73,416,000 shares pledged[11] Future Outlook and Commitments - The company anticipates that the gradual completion and production of fundraising projects will release some capacity, contributing to performance growth in the first half of 2014[20] - The company has committed to a cash dividend distribution of no less than 30% of the average distributable profit for the years 2012-2014[19] - The company has pledged not to engage in high-risk investments with idle raised funds for a period of twelve months after using them to supplement working capital[19] - The company has not made any securities investments during the reporting period, with no shares held at the beginning or end of the period[22]

Financial Performance - The company's operating revenue for 2013 was ¥1,156,219,909.21, representing a 12.03% increase compared to ¥1,032,050,834.66 in 2012[24] - The net profit attributable to shareholders for 2013 was ¥46,101,405.38, which is a 14.13% increase from ¥40,393,469.91 in 2012[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥39,649,918.62, up 15.29% from ¥34,392,845.42 in 2012[24] - The total profit for 2013 was 54.27 million CNY, reflecting a growth of 13.30% year-on-year[30] - The basic earnings per share for 2013 were ¥0.27, reflecting a 12.5% increase from ¥0.24 in 2012[24] - The weighted average return on net assets was 4.96%, up from 4.47% in 2012[24] Cash Flow and Assets - The net cash flow from operating activities decreased by 13.92% to ¥81,718,944.21 from ¥94,928,963.03 in 2012[24] - The total assets at the end of 2013 were ¥1,219,808,635.34, a 5.68% increase from ¥1,154,229,072.73 at the end of 2012[24] - The net assets attributable to shareholders increased by 5.04% to ¥952,322,909.06 from ¥906,643,559.93 in 2012[24] - The company's cash and cash equivalents decreased by 10.13% to ¥282,745,723.70, down from ¥384,526,404.86 in 2012[52] - The net increase in cash and cash equivalents was -¥13,317,813.26, a significant improvement of 94.58% compared to -¥245,893,673.13 in 2012[48] Revenue and Sales - The company’s sales volume of aluminum profiles reached 43,166.89 tons, a significant increase of 29.44% compared to 2012[35] - The production volume for the year was 44,384.41 tons, up 28.28% from the previous year[35] - In 2013, the company's main business revenue from non-ferrous metal processing reached ¥823,247,711.15, an increase of 10.13% compared to the previous year[50] - The company’s operating costs for 2013 were 1,070.02 million CNY, which is an increase of 11.54% year-on-year[32] - The cost of sales for aluminum profiles was ¥739,864,519.03, accounting for 69.14% of the total cost, which represents a 23.83% increase year-on-year[50] Expenses and Investments - Management, sales, and financial expenses totaled 38.58 million CNY, a rise of 35.14% compared to the previous year[32] - Research and development expenses totaled ¥26,522,995.44, accounting for 3.10% of the main business income, with an 18.89% increase from 2012[43] - The investment cash inflow increased by 1,137.97% to ¥76,759,937.06, mainly due to the recovery of fixed deposits[48] - The company reported a fair value change of financial assets amounting to 2,650,288.96, resulting in a total of 3,605,551.49 at the end of the period[56] Market Strategy and Expansion - The company plans to continue focusing on its core business and enhance product research and development in 2014[31] - The company aims to expand its market presence beyond Fujian province and capitalize on urbanization opportunities[32] - The company is positioned as a leading aluminum profile manufacturer in the Haixi region, benefiting from significant market demand in Fujian province, which is also its largest sales area[57] - The company aims to expand its marketing network and strengthen its presence in both domestic and international markets, particularly in Southeast Asia, South America, and Europe[104] Corporate Governance and Compliance - The company emphasizes the protection of minority shareholders' rights and has established a transparent profit distribution scheme[119] - The company has maintained transparency in information disclosure, ensuring all shareholders have equal access to relevant information[190] - The company has not faced any regulatory penalties or incidents of insider information leakage during the reporting period, reflecting strong compliance practices[191] - The company’s governance practices align with the requirements set by the China Securities Regulatory Commission, with no discrepancies noted[191] Employee Welfare and Management - The company has implemented a seniority reward system, providing monthly seniority bonuses to employees who have signed labor contracts for over a year[124] - The company emphasizes employee health, providing special protections for female employees during maternity and conducting regular health checks[124] - The company has established a "Minfa Union Love Fund" to assist employees facing difficulties, alleviating the financial burden on families of employees with serious illnesses or accidents[124] - The company emphasizes the importance of attracting and training high-quality talent to support its rapid development[108] Research and Development - The company has a strong R&D team with 77 valid national patents, including 2 invention patents, and has participated in the drafting of 37 national and industry standards[61] - The company plans to enhance its R&D and technological innovation efforts, focusing on high-efficiency, low-cost, and environmentally friendly aluminum processing technologies[102] - The company will increase investment in the development of high-value-added products, such as soundproof and thermal insulation aluminum profiles, to improve profitability[105] Social Responsibility - The company has committed to social responsibility as a key component of its development strategy, aiming to create prosperity for society[129] - The company actively participates in social welfare activities, including cultural and community development, and has contributed to alleviating social employment pressure by hiring technical talents[129] - The company has not experienced any negative social impact events over the years and maintains good relationships with local communities[128]