Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[15]. - The company's operating revenue for 2020 was ¥2,916,270,143.13, a decrease of 70.76% compared to ¥9,973,503,602.19 in 2019[21]. - The net profit attributable to shareholders for 2020 was ¥389,180,624.08, down 78.83% from ¥1,838,018,805.50 in 2019[21]. - The basic earnings per share for 2020 was ¥0.26, a decline of 74.26% from ¥1.01 in 2019[21]. - The net profit attributable to shareholders, adjusted for non-recurring gains and losses, was ¥263,426,429.87 in 2020, representing a 107.94% increase from ¥126,681,554.70 in 2019[22]. - The company reported a quarterly revenue of ¥964,311,238.65 in Q4 2020, showing a positive trend in the latter part of the year[26]. - The weighted average return on equity for 2020 was 6.20%, down 30.67% from 36.87% in 2019[21]. - In 2020, the company achieved a consolidated revenue of 291,627.01 million RMB, representing a 1.70% increase compared to 286,740.63 million RMB in 2019[68]. - The net profit attributable to shareholders reached 38,918.06 million RMB, a significant increase of 126.70% from 17,167.47 million RMB in the previous year[68]. Investment and R&D - The company plans to invest RMB 200 million in R&D for new product development and technological innovation in 2021[15]. - The company reduced its R&D personnel by 21.43% to 308, impacting the overall R&D investment[119]. - Research and development expenses decreased by 47.60% to ¥82,082,274.75, but increased by 1.68% as a percentage of operating income[119]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share within the next two years[15]. - Future guidance estimates a revenue growth of 25% for 2021, driven by increased demand for automated packaging solutions[15]. - The company aims to become a global leader in providing smart factory solutions and industrial internet services for the packaging industry[42]. - The company is transitioning from an equipment manufacturer to a comprehensive solution provider for smart factories in the corrugated packaging sector[82]. Product Development and Innovation - The company has launched a new line of intelligent packaging equipment, which is expected to contribute an additional RMB 300 million in revenue[15]. - The company’s intelligent packaging equipment is exported to over 30 countries and regions, enhancing its global brand recognition[39]. - The company has established a wholly-owned subsidiary, Yinen Investment, to focus on strategic mergers and acquisitions in high-end equipment manufacturing and consumer sectors, aiming for industry synergy and new development opportunities[199]. Financial Health and Cash Flow - The net cash flow from operating activities increased by 95.88% to ¥550,996,031.75 in 2020, compared to ¥281,297,787.01 in 2019[21]. - The net cash flow from investment activities was negative at -¥1,183,526,589.73, a significant decline of 1,074.00% compared to the previous year[122]. - The company’s cash and cash equivalents decreased by 23.56% from CNY 2,356,703,434.60 at the beginning of the year to CNY 885,711,053.88 at the end of the year, primarily due to reclassification of long-term deposits and securities investments[130]. Risk Management - The management highlighted potential risks including market volatility and supply chain disruptions that could impact future performance[5]. - The company has implemented cost reduction and efficiency enhancement measures, including lean management and team optimization, to mitigate the impact of the pandemic[74]. Industry Trends and Market Outlook - The corrugated paper packaging industry maintained a stable competitive landscape in 2020, with an average annual growth rate of 1.71% in production and 2.37% in consumption from 2010 to 2019[156]. - The demand for corrugated packaging is expected to grow significantly, with the market size for express corrugated paper projected to reach RMB 86.4 billion by 2025[180]. - The global corrugated packaging equipment industry is expected to reach a market value of approximately RMB 30 billion to 40 billion in 2021, driven by the growth in high-value mid-to-high-end corrugated packaging equipment sales[175]. Shareholder Returns and Equity Management - No cash dividends will be distributed to shareholders for the fiscal year 2020, as the company focuses on reinvestment[6]. - The company implemented a share repurchase plan in June 2020, using a total of no less than ¥500 million and no more than ¥1 billion to buy back shares at a price not exceeding ¥6.42 per share[92]. - By the end of 2020, the company had repurchased approximately 104 million shares, accounting for 6.73% of the total share capital, with a total payment of around ¥500 million[93].

Financial Performance - Operating revenue for the third quarter was ¥774,467,679.35, a decrease of 76.96% year-on-year[9]. - Net profit attributable to shareholders was ¥98,519,590.30, down 53.70% compared to the same period last year[9]. - The net profit after deducting non-recurring gains and losses was ¥80,885,127.45, a decline of 59.28% year-on-year[9]. - Basic earnings per share were ¥0.07, down 41.67% year-on-year[9]. - Operating revenue for the first nine months of 2020 was RMB 1,951,958,904.48, a decrease of 74.82% compared to the same period in 2019[28]. - The company reported a 40.93% decrease in taxes and surcharges, totaling RMB 28,899,739.71, due to payments made for the previous year's taxes[27]. - The company reported a net loss attributable to shareholders of ¥1,054,955,408.75, an improvement from a loss of ¥1,280,673,461.14 in the previous year[68]. - The total comprehensive income for the current period is ¥148,258,989.28, up from ¥95,072,777.01 in the previous period[106]. Cash Flow - Net cash flow from operating activities was ¥219,576,247.92, an increase of 117.38% compared to the previous year[9]. - Cash flow from operating activities decreased to ¥248,985,657.24, down 83.7% from ¥1,520,251,473.05 in the previous period[109]. - Cash flow from investing activities showed a net outflow of ¥304,321,178.06, an improvement from a net outflow of ¥1,032,329,246.59 in the previous period[112]. - Cash flow from financing activities resulted in a net outflow of ¥545,229,881.16, compared to a net outflow of ¥1,651,923,456.49 in the previous period[112]. - The company received cash from operating activities totaling ¥2,359,647,829.66, a decrease of 50.8% from ¥4,805,180,011.07 in the previous period[109]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,310,617,968.46, representing a 0.59% increase compared to the end of the previous year[9]. - The company's total liabilities increased to ¥1,958,883,952.40 from ¥1,871,433,215.76, marking an increase of about 4.6%[68]. - The total equity attributable to shareholders of the parent company decreased to ¥4,282,835,760.02 from ¥4,337,064,607.87, reflecting a decline of approximately 1.25%[68]. - The company's short-term borrowings decreased by 33.86% to RMB 77,972,644.89, reflecting repayment of short-term loans[25]. - Long-term borrowings increased by 44.15% to RMB 323,114,266.24, reflecting new long-term loans taken during the period[27]. Research and Development - R&D expenses decreased by 50.96% to ¥53.66 million, but increased by 19.91% when excluding the impact of Pride data from the previous year[30]. - Research and development expenses amounted to CNY 18,458,518.75, down from CNY 50,475,710.14, indicating a significant reduction in R&D investment[81]. - Research and development expenses for the current period are CNY 53,663,442.74, compared to CNY 109,424,959.04 in the previous period, showing a reduction[92]. Investments - Investment income increased by 217.25% to ¥53.53 million, attributed to enhanced financial asset investments[30]. - The total investment in financial assets amounts to CNY 6,460,628,142.11, with a fair value change gain of CNY 63,552,041.73 during the reporting period[42]. - The company has invested CNY 231,300,000 in entrusted financial management, with CNY 62,200,000 remaining balance[50]. Other Financial Metrics - The weighted average return on equity was 2.22%, a decrease of 2.76% compared to the previous year[9]. - The company experienced an 84.39% decrease in non-operating income to ¥2.11 million, due to the absence of previous equity acquisition income[30]. - Other income increased by 6.46% to ¥8.42 million, mainly due to increased government subsidies related to daily operations[30]. - The company reported a fair value of trading financial assets at CNY 1,433,042,488.86 as of September 30, 2020, an increase from CNY 1,164,039,381.59 at the beginning of the period[59]. Corporate Governance - The company completed the election of the fourth board of directors and supervisory board, with a term of three years[37]. - The company has not reported any violations regarding external guarantees during the reporting period[51]. - There are no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[52].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[22]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the same period last year[22]. - The company's operating revenue for the reporting period was ¥1,177,491,225.13, a decrease of 73.19% compared to the same period last year[29]. - Net profit attributable to shareholders was ¥127,198,462.09, down 30.26% year-on-year[29]. - The net profit after deducting non-recurring gains and losses was ¥81,018,675.86, a decline of 51.24% compared to the previous year[29]. - The net cash flow from operating activities was ¥29,409,409.32, a significant drop of 97.93% year-on-year[29]. - The gross margin for the first half of 2020 was reported at 35%, a slight increase from 33% in the same period last year[22]. - The company achieved a total revenue of ¥1,177,491,225.13 for the reporting period, representing a 73.19% decrease compared to ¥4,391,349,294.89 in the same period last year, primarily due to the exclusion of Pride's data from the consolidated financial statements[126]. - The company reported a net increase in cash and cash equivalents of ¥-707,708,887.51, a decrease of 28.21% from ¥-985,768,719.59 year-on-year[133]. - The company’s total investment during the reporting period reached ¥2,931,883,245.00, a significant increase of 184.32% compared to ¥1,031,176,742.00 in the same period last year[146]. Market Expansion and Strategy - The company plans to invest RMB 200 million in R&D for new product development and technological innovation in the upcoming year[22]. - The company has set a revenue target of RMB 2.5 billion for the full year 2020, which would represent a growth of 10% from 2019[22]. - The company is expanding its market presence in Southeast Asia, with plans to establish two new distribution centers by the end of 2020[22]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market share[22]. - The company focuses on high-end intelligent packaging equipment, with a global presence in the corrugated packaging equipment sector[40]. - The company is focusing on transforming its operations towards "smart manufacturing" to enhance efficiency and address challenges highlighted by the pandemic, aiming to provide intelligent manufacturing solutions for the printing and packaging industry[109][112]. - The company has established long-term stable strategic partnerships with major domestic and international clients, enhancing its market position in the high-end intelligent equipment sector[101][107]. Product Development and Innovation - The company has developed two series of corrugated box printing production lines: the APSTAR series for developed markets in Europe and America, and the TOPRA series for domestic large and medium-sized group clients[50]. - The company’s corrugated box printing production lines are exported to over 30 countries and regions, establishing a strong global presence and ranking among the top manufacturers in China[53]. - The company’s production model combines 90% customer order-based production with 10% market forecast-based production, ensuring responsiveness to customer needs[56]. - The company’s sales model includes direct sales in the domestic market and a combination of direct and channel agent sales in international markets, enhancing its market reach[59]. - The company’s high-quality after-sales service is expected to drive the demand for both machinery and spare parts, contributing to overall business growth[74]. - The company’s focus on high-end, intelligent packaging production lines aligns with the increasing demand for quality and efficiency in the industry[72]. - The PRO series intelligent production management system developed by Fosber integrates smart sensors and AI technology, enabling real-time monitoring and performance analysis of production lines[116]. Challenges and Risks - The company faces risks related to supply chain disruptions and fluctuating raw material prices, which it is actively managing[6]. - The company anticipates a cautious attitude from industry clients towards capital expenditures due to potential economic slowdown[181]. - The company faces risks from macroeconomic changes and cyclical fluctuations in downstream industries, which may impact order acquisition[181]. - Major raw material costs, including electrical components and standard parts, significantly impact the company's operating costs, posing risks if prices rise[183]. - The impact of the COVID-19 pandemic on the global economy is expected to create uncertainties for the company's overseas operations[182]. Shareholder and Financial Management - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[6]. - The company has implemented a stock repurchase plan with a total amount not less than ¥500 million and not exceeding ¥1 billion, with a maximum repurchase price of ¥6.42 per share[124]. - As of the report date, the company has repurchased a total of 37,531,131 shares, accounting for 2.43% of the total share capital, with a total payment of approximately ¥185 million[125]. - The company launched a restricted stock incentive plan in Q1 2020, granting 22.6 million shares at a price of ¥1 per share to 40 key personnel, representing 1.46% of the total share capital[121]. - The company has approved the use of surplus raised funds to enhance its core business and shareholder value[162]. Compliance and Governance - The company has achieved ISO9001 and ISO14001 certifications, along with CE and EPA certifications for its products, ensuring compliance with international standards[76]. - The company guarantees that it will not engage in any business that competes with the main business of Dongfang Precision and its subsidiaries, nor will it seek control over Dongfang Precision within 36 months post-restructuring[195]. - The company has committed to maintaining the independence of its operations and will not seek any improper benefits through related transactions[195]. - The company has fulfilled all commitments related to share restrictions and performance guarantees as of the reporting period[191]. - The half-year financial report for 2020 has not been audited[198].

广东东方精工科技股份有限公司 2020 年第一季度报告全文 广东东方精工科技股份有限公司 2020 年第一季度报告 2020 年 04 月 1 广东东方精工科技股份有限公司 2020 年第一季度报告全文 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。 公司负责人唐灼林、主管会计工作负责人邱业致及会计机构负责人(会计主 管人员)邱业致声明：保证季度报告中财务报表的真实、准确、完整。 2 广东东方精工科技股份有限公司 2020 年第一季度报告全文 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 ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2019, representing a year-on-year increase of 15%[17]. - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[17]. - The company's operating revenue for 2019 was ¥9,973,503,602.19, representing a 50.63% increase compared to ¥6,621,349,618.40 in 2018[25]. - The net profit attributable to shareholders for 2019 was ¥1,838,018,805.50, a significant turnaround from a loss of ¥3,875,995,219.91 in 2018, marking a 147.42% increase[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥438,715,870.86, compared to a loss of ¥3,905,407,016.45 in 2018, reflecting an increase of 111.23%[25]. - The basic earnings per share for 2019 was ¥1.01, a recovery from a loss of ¥2.11 in 2018, indicating a 147.87% improvement[25]. - The company achieved a consolidated revenue of approximately CNY 9.974 billion in 2019, with the "high-end intelligent equipment" business generating about CNY 2.868 billion, representing a growth of approximately 20.64% compared to 2018[107]. - The net profit attributable to shareholders was approximately CNY 1.838 billion, turning from a loss to profit, with the implementation of a comprehensive solution contributing approximately CNY 1.355 billion to the total profit for 2019[107]. - The company reported a significant increase in trading financial assets, rising to ¥1,164,039,381.59 from ¥0.00, marking a 100% increase[169]. Investment and R&D - The company plans to invest RMB 200 million in research and development for new product lines in the upcoming year[17]. - Research and development expenses amounted to ¥156,654,915.42, down 28.30% year-on-year[155]. - The total R&D investment was ¥169,319,720.80, which is 1.70% of operating revenue, a decrease from 3.46% in the previous year[156]. - The company has plans to invest in a new R&D center to upgrade existing products and ensure technological advancement in the industry[197]. Market Expansion and Strategy - The company has set a revenue target of RMB 1.5 billion for 2020, reflecting a growth forecast of 25%[17]. - The company is exploring market expansion opportunities in Southeast Asia, aiming for a 15% market share by 2022[17]. - The company is assessing potential mergers and acquisitions to enhance its market position and product offerings[17]. - The company has established a strong brand presence in the global market, becoming one of the leading manufacturers of corrugated box printing equipment in China[53]. - The company has expanded its international marketing network through the acquisition of Italy's Fosber, enhancing its position in the corrugated box machinery industry[197]. Product Development and Offerings - The company has expanded its product offerings from corrugated box printing equipment to a full range of high-end corrugated board production lines, printing and die-cutting machines, and automated packaging equipment solutions[43]. - The average price of the corrugated board production line ranges from RMB 30 million to RMB 60 million (EUR 3.5 million to EUR 7.5 million), positioning the products as high-end in the market[47]. - The average selling price of the corrugated box printing production line is between RMB 4 million and RMB 15 million, catering to different customer needs in Asia, Europe, and the United States[48]. - The demand for intelligent corrugated packaging equipment is driven by the growth in e-commerce, rising labor costs, and the need for equipment upgrades in the packaging industry[61]. - The company’s business model integrates design, production, sales, and service, focusing on high-end, differentiated products for medium to large clients[54]. Operational Efficiency and Challenges - The management highlighted potential risks including market competition and supply chain disruptions that could impact future performance[5]. - The company’s production model combines 90% customer order-based production with 10% market forecast-based production, ensuring responsiveness to customer needs[56]. - The increasing demand for spare parts and technical support services is expected to enhance the company's overall profitability and gross margin[63]. - The company reported a net cash flow from operating activities of ¥281,297,787.01 in 2019, a decrease of 61.02% from ¥721,724,801.12 in 2018[25]. - The company underwent significant changes in its business structure, focusing on high-end intelligent equipment and outboard engines after selling its automotive core components business[149]. Customer and Supplier Relations - The total sales amount from the top five customers reached ¥7,624,070,010.26, accounting for 76.44% of the annual total sales[152]. - The largest customer contributed ¥7,035,281,416.23, representing a significant portion of the sales[152]. - The total procurement amount from the top five suppliers was ¥6,578,523,590.96, which is 71.71% of the annual total procurement[152]. - The company maintains strong strategic partnerships with major clients, including International Paper and Smurfit Kappa, ensuring stable business growth[100]. Financial Position and Assets - The company's total assets decreased by 30.19% to ¥6,273,516,157.31 at the end of 2019, down from ¥8,986,973,675.89 at the end of 2018[28]. - The net assets attributable to shareholders increased by 7.71% to ¥4,337,064,607.87 at the end of 2019, compared to ¥4,026,565,236.20 at the end of 2018[28]. - The company reported a decrease in long-term borrowings from ¥536,358,921.02 to ¥224,146,667.48, a reduction of 58.25%[166]. - The company’s inventory remained relatively stable, with a slight increase from ¥935,775,074.07 to ¥671,432,701.11, reflecting a change of 0.29%[166]. Acquisitions and Partnerships - The company has successfully integrated Fosber Group's operations following acquisitions, positioning itself as a leading brand in the global corrugated board production line industry[81]. - Fosber Group completed the acquisition of 70% of Tiruna Group for approximately €16.1 million, enhancing the supply of key components for corrugated cardboard production lines[83]. - The company has positioned itself in the high-end market by acquiring 100% of Italian EDF, now known as Dongfang Precision (Europe), to serve as a R&D and production base for high-end corrugated box printing lines in Europe[85]. - The company has established a 20% stake in Jiaten Robotics to integrate smart logistics solutions, responding to increasing demand for automated logistics equipment[85].

Financial Performance - Operating revenue for the period was CNY 3,360,816,595.53, representing a 150.65% increase year-on-year[7] - Net profit attributable to shareholders was CNY 212,791,166.02, up 52.85% from the same period last year[7] - The net profit after deducting non-recurring gains and losses was CNY 198,631,530.02, reflecting a 60.91% increase year-on-year[7] - Basic earnings per share were CNY 0.12, a 50.00% increase compared to the same period last year[7] - The weighted average return on equity was 4.98%, an increase of 3.22% from the previous year[7] - The company reported a net loss of ¥-2,723,509,964.23, an improvement from a loss of ¥-3,118,692,266.64 in the previous year[54] - Net profit for the current period was ¥89,638,589.32, up from ¥31,754,354.20, marking an increase of 182.36%[75] - Net profit for the year-to-date was ¥396,655,628.58, compared to ¥349,554,000.52, indicating an increase of 13.48%[84] Assets and Liabilities - Total assets reached CNY 10,709,486,520.66, an increase of 19.17% compared to the end of the previous year[7] - The company's cash and cash equivalents decreased by 49.24% to RMB 1,293,011,614.83 due to the reclassification of financial management funds to trading financial assets and other current assets[19] - Current liabilities rose to ¥5,372,175,946.45, compared to ¥3,888,825,075.66, reflecting an increase of about 38.2%[51] - Total liabilities reached ¥6,270,467,053.93, up from ¥4,954,740,528.58, indicating a growth of approximately 26.6%[51] - The company's equity attributable to shareholders increased to ¥4,375,145,818.31 from ¥4,026,565,236.20, marking an increase of about 8.7%[54] - The total amount of cash and cash equivalents was ¥1,570,620,697.54[120] Cash Flow - Cash flow from operating activities was CNY 101,010,721.08, a decrease of 50.36% compared to the same period last year[7] - The company's net cash flow from operating activities increased by 149.56% to RMB 1,520,251,473.05, attributed to overall sales growth and changes in payment settlement methods with core customers[25] - The cash inflow from operating activities totaled 315,856,851.24, while cash outflow was 339,257,848.43, resulting in a negative cash flow from operations[106] - The net cash flow from investing activities was -1,032,329,246.59, compared to -81,815,847.65 in the previous period, indicating a significant increase in cash outflow[102] - The net cash flow from financing activities was -1,651,923,456.49, compared to -496,322,866.83 in the previous period, reflecting a substantial increase in cash outflow[102] Shareholder Information - The total number of shareholders at the end of the reporting period was 49,744[11] - Major shareholder Tang Zhuolin held 14.72% of the shares, with 183,200,000 shares pledged[11] Investments and Acquisitions - The company completed the acquisition of a 70% stake in Tiruna Group, contributing to a 1,699,600,585.82 increase in accounts payable, which rose by 107.00% to RMB 3,287,938,935.25[21] - The company reported a significant investment income of ¥16,871,909.05, down from ¥25,854,672.85, a decrease of 34.73%[81] Disputes and Legal Matters - The company has initiated arbitration regarding disputes with former shareholders of Pride, with all shares held by these shareholders being judicially frozen[28] - The company signed a memorandum and confidentiality agreement with four original shareholders of Pride to resolve disputes regarding the 2018 performance commitment and profit compensation[30] - The company is actively pursuing a comprehensive resolution to the arbitration cases related to the 2018 performance compensation disputes and potential goodwill impairment issues for 2019[30] Research and Development - Research and development expenses for the current period amounted to ¥50,475,710.14, compared to ¥46,114,385.46 in the previous period, showing an increase of approximately 9.1%[65] - Research and development expenses decreased to ¥3,902,638.69 from ¥4,110,204.11, a reduction of 5.05%[75]

002611 东方精工 2019 年半年度报告全文 广东东方精工科技股份有限公司 2019 年半年度报告 2019 年 8 月 1 002611 东方精工 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人唐灼林、主管会计工作负责人邱业致及会计机构负责人(会计主 管人员)邱业致声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本半年度报告中所涉及未来经营业绩的预计等前瞻性陈述均属于公司计划 性事项，不构成公司对投资者的实质性承诺，存在一定的不确定性，敬请投资 者注意投资风险。 公司经营发展中可能存在的相关风险，详见本报告第四节"经营情况讨论与 分析"之"十、公司面临的风险和应对措施"。敬请广大投资者注意阅读，并注意 投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 002611 东方精工 第一节 重要提示、目录和释义 第二节 公司简介和主要财务指标 . 第三节 公司业务概 ...

广东东方精工科技股份有限公司 2019 年第一季度报告全文 广东东方精工科技股份有限公司 2019 年第一季度报告 2019 年 04 月 1 广东东方精工科技股份有限公司 2019 年第一季度报告全文 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。 公司负责人唐灼林、主管会计工作负责人邱业致及会计机构负责人(会计主 管人员)邱业致声明：保证季度报告中财务报表的真实、准确、完整。 2 广东东方精工科技股份有限公司 2019 年第一季度报告全文 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 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-----------------------------------------------------|-------|---------------------- ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2018, representing a year-on-year increase of 15%[22] - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[22] - The company's operating revenue for 2018 was ¥6,621,349,618.40, representing a 41.34% increase compared to ¥4,684,845,398.24 in 2017[30] - The net profit attributable to shareholders for 2018 was -¥3,875,995,219.91, a significant decrease of 890.22% from ¥490,498,337.12 in 2017[30] - The company reported a basic earnings per share of -¥2.11 for 2018, a decline of 780.65% compared to ¥0.31 in 2017[30] - The company’s weighted average return on equity was -67.71% in 2018, a drop of 76.56% from 8.85% in 2017[30] - The company’s revenue for the fourth quarter of 2018 was ¥3,015,643,784.09, contributing significantly to the annual total[36] Investment and R&D - The company plans to invest RMB 200 million in research and development for new technologies and products in 2019[22] - Research and development expenses increased by 67.64% to ¥218,476,516.42, primarily due to increased R&D activities at Beijing Pride[145] - The number of R&D personnel rose by 21.80% to 447, with R&D investment amounting to ¥229,067,274.61, representing 3.46% of operating revenue[147] - The company has filed 8 patent applications in 2018, reflecting its commitment to enhancing research and development capabilities[98] Market Expansion and Strategy - The company has outlined a future outlook with a revenue growth target of 20% for 2019[22] - The company is expanding its market presence in Southeast Asia, aiming for a 30% increase in market share in that region[22] - The company is actively expanding its market presence by leveraging advanced R&D technologies and manufacturing capabilities in Asia[74] - The company plans to implement a dual-industry development strategy focusing on "high-end intelligent equipment" and "core components" to enhance global competitiveness[199] - The company aims to transition from a traditional manufacturing enterprise to a manufacturing service and innovation-oriented enterprise[199] Product Development and Sales - The company has successfully launched a new product line that contributed to 15% of total sales in 2018[22] - The corrugated board production line business generated approximately 1.5 billion RMB in revenue, accounting for over 60% of the company's high-end intelligent equipment business[91] - Fosber Group's sales revenue from corrugated production line equipment contributed about 60% to its overall revenue, with over 50% of equipment revenue coming from complete line sales[93] - The intelligent packaging business has focused on high-end clients, enhancing product quality and service to meet increasing demands for integrated solutions[75] - Fosber Group's integrated product sales significantly outperformed single machine sales, with a notable increase in demand for integrated solutions in the US market[96] Financial Position and Cash Flow - The net cash flow from operating activities improved to ¥721,724,801.12 in 2018, a remarkable increase of 857.92% from -¥95,224,885.04 in 2017[30] - The total assets at the end of 2018 were ¥8,986,973,675.89, down 27.74% from ¥12,437,799,208.64 at the end of 2017[33] - The net assets attributable to shareholders decreased by 47.51% to ¥4,026,565,236.20 at the end of 2018 from ¥7,670,809,269.32 at the end of 2017[33] - The company recognized an impairment provision of approximately ¥3,886,000,000 for goodwill, significantly impacting the net profit[152] - Cash and cash equivalents increased to ¥2,547,345,874.57, representing 28.34% of total assets, up from 11.27% in 2017, primarily due to sales growth and the maturity of bank wealth management products[156] Risks and Challenges - The company has identified risks related to market competition and regulatory changes that may impact future performance[6] - The company experienced significant management turnover, with 14 key personnel from CATL joining Pride in 2018[114] - Pride's reliance on a single customer and supplier has increased, with over 90% of sales and 83% of procurement linked to BAIC New Energy and CATL, respectively[118] Customer and Supplier Relationships - The company has established long-term strategic partnerships with major clients in both the intelligent packaging and automotive core components sectors, ensuring stable customer relationships[75] - Total sales amount from the top five customers reached ¥4,483,939,801.55, accounting for 67.72% of the annual total sales[142] - Total procurement amount from the top five suppliers was ¥3,183,645,729.67, which is 62.36% of the annual total procurement[145]

Financial Performance - Operating revenue for the reporting period increased by 4.06% to CNY 1,340,856,606.33, while revenue for the year-to-date increased by 54.27% to CNY 3,605,705,834.31[8] - Net profit attributable to shareholders increased by 98.30% to CNY 139,215,551.90 for the reporting period, and by 69.09% to CNY 346,030,254.32 year-to-date[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 66.53% to CNY 123,443,983.71 for the reporting period, and by 167.12% to CNY 314,064,191.08 year-to-date[8] - Basic earnings per share for the reporting period was CNY 0.08, a 100% increase, while year-to-date it was CNY 0.19, a 35.71% increase[8] - The estimated net profit attributable to shareholders for 2018 is projected to be between RMB 550.34 million and RMB 652.36 million, representing a year-on-year increase of 12.20% to 33.00%[27] - The company expects a growth rate of 35% to 80% in its net profit after excluding non-recurring gains and losses compared to the previous year[27] Cash Flow and Assets - Net cash flow from operating activities increased by 32.24% to CNY 203,485,487.65 for the reporting period, and by 217.21% to CNY 609,174,368.46 year-to-date[8] - The company’s cash flow from investing activities showed a significant decline, with a net outflow of RMB 81,815,847.65, compared to a much larger outflow of RMB 2,423,755,110.74 in the previous year[20] - Total assets at the end of the reporting period decreased by 4.73% to CNY 11,849,678,219.07 compared to the end of the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 46,352[12] - The largest shareholder, Tang Zhuolin, held 14.72% of the shares, with 203,053,176 shares pledged[12] - The company has repurchased a total of 11,663,660 shares, accounting for 0.63% of the total share capital, with a total payment of approximately RMB 57.05 million[22] - The company plans to repurchase shares for up to RMB 200 million at a price not exceeding RMB 10 per share within 12 months from the approval date[22] Liabilities and Financial Expenses - The company reported a decrease in short-term borrowings by 41.55%, from RMB 463,384,763.82 to RMB 270,843,304.00, due to repayment of short-term loans[16] - The total liabilities decreased by 84.11% for non-current liabilities due within one year, from RMB 405,908,721.80 to RMB 64,507,148.13, primarily due to repayment related to the acquisition of Fosber S.p.A.[16] - The company’s financial expenses surged by 124.26% to RMB 19,547,604.21, mainly due to the financial costs associated with the acquisition of Beijing Pride[19] Inventory and Prepayments - Inventory levels rose by 47.61% to RMB 1,483,898,353.79, attributed to increased procurement of raw materials driven by sales growth[16] - The company’s prepayments increased by 102.12% to RMB 52,539,452.92, reflecting higher procurement of raw materials due to sales growth[16] Investments - The company recognized an investment income of RMB 25,854,672.85 from the sale of a 40% stake in Ferretto Group, marking a 53.64% increase compared to the previous period[19] - The company transferred 40% of its subsidiary Ferretto Group S.p.A. for a total consideration of €12.5 million, which positively impacts its financial status and cash flow[23] - The company has invested RMB 1.03 billion in bank wealth management products, with an outstanding balance of RMB 1.02 billion[31] Industry Impact - The company benefits from the booming new energy vehicle industry, with significant increases in sales orders for its subsidiary Beijing Pride[27]