Market Expansion and Strategy - The company plans to expand its market presence while maintaining its existing market share in developed countries, focusing on high-tech and high-value-added new products to create new profit margins[5]. - The company is actively conducting market research to select regions with reliable fuel supply for its biomass projects to minimize operational risks[6]. - The company aims to enhance its resilience and risk management capabilities through comprehensive reforms and increased automation in production[54]. - The company intends to reform its product development and marketing models to reduce reliance on the export market and increase domestic market share[119]. - The company aims to make the domestic market a major source of revenue for its manufacturing business, focusing on lean production and cost control[115]. Financial Performance - The total revenue for 2017 was CNY 1,892,681,694.89, a decrease of 0.74% compared to 2016[24]. - The net profit attributable to shareholders for 2017 was CNY 87,580,351.95, representing a decline of 46.31% from the previous year[24]. - The net cash flow from operating activities decreased by 90.60% to CNY 28,035,480.90 in 2017[24]. - Basic earnings per share for 2017 were CNY 0.1189, down 47.25% from CNY 0.2254 in 2016[24]. - The company reported a significant drop in the weighted average return on equity to 4.30% in 2017, down from 8.83% in 2016[24]. Investment and Capital Allocation - The company has seven ongoing projects with a total investment of 2.83 billion yuan, indicating significant capital allocation for future growth[128]. - The company plans to issue convertible bonds worth 800 million yuan and medium-term notes worth 790 million yuan in 2018 to support new projects and operational needs[121]. - The company has committed to not distributing profits for 2017 to focus on funding construction projects[128]. - The company has fully utilized the raised funds by the end of the reporting period, which will enhance its financial strength and business capacity[135]. - The company has committed to a cash dividend distribution of no less than 20% of the distributable profits for the year, contingent on achieving profitability and without major investment plans or significant cash expenditures[138]. Operational Challenges and Risks - The company anticipates risks related to rising raw material prices due to ongoing supply-side reforms, which may affect operational costs[5]. - The company is closely monitoring foreign exchange fluctuations and will adjust product pricing accordingly to mitigate potential impacts on profit due to currency changes[5]. - The company is facing competition for biomass fuel supply due to the emergence of similar projects nearby, which may lead to supply shortages and price increases[6]. - The company acknowledges the uncertainty of government subsidies for renewable energy, which may impact financial performance[9]. - The company has established a pricing adjustment mechanism in its steam supply agreements to manage coal price fluctuations, which are critical to its operational costs[7]. Environmental and Social Responsibility - The company is focused on developing clean energy and reducing greenhouse gas emissions through biomass power generation, which is a high-tech and socially beneficial industry[182]. - The company has actively participated in public welfare, donating a total of 407,600 yuan to educational and environmental initiatives during the reporting period[187]. - The company invested a total of 9.38 million yuan in poverty alleviation efforts during the reporting period[189]. - The company operates pollution control facilities effectively, ensuring compliance with environmental standards[196]. - The company is committed to sustainable practices, as evidenced by its ongoing environmental assessments and compliance measures[199]. Research and Development - The company has established a comprehensive R&D system with 169 proprietary patents as of December 2017, enhancing its technological advantage in the industry[47]. - Research and development (R&D) investment was ¥37,112,343.61, which is 1.96% of operating revenue, showing a slight decrease of 1.35% compared to the previous year[68]. - The number of R&D personnel increased by 2.09% to 195, representing 5.82% of the total workforce[68]. - The company aims to enhance its product advantages through research and development to form market advantages[115]. - The company is focused on increasing its operational efficiency through the development of new technologies in biomass energy[177]. Project Development and Execution - The company has ongoing biomass cogeneration projects with a total agreement pricing of 32,000 in multiple locations, including Henan Province and Liaoning Province[178]. - The biomass cogeneration project in Henan Province received county approval on October 27, 2017, indicating progress in project execution[179]. - The company is actively expanding its biomass power generation capacity, with several projects in the construction phase expected to contribute to future revenue growth[177]. - The company has signed investment agreements for biomass power generation projects with local governments in Henan, Jiangsu, and Jilin provinces, contributing to local environmental improvement and pollution control[182]. - The company is focused on renewable energy projects, aligning with national energy policies and sustainability goals[179].

证券代码：002616 证券简称：长青集团 公告编号：2017-099 广东长青（集团）股份有限公司 2017 年第三季度报告正文 1 广东长青（集团）股份有限公司 2017 年第三季度报告正文 广东长青（集团）股份有限公司 2017 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。 公司负责人何启强、主管会计工作负责人张蓐意及会计机构负责人(会计主 管人员)黄荣泰声明：保证季度报告中财务报表的真实、准确、完整。 2 广东长青（集团）股份有限公司 2017 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） | 3,829,783,219.96 | 3,255,692,868.50 | | 17.6 ...

广东长青（集团）股份有限公司 2017 年半年度报告全文 广东长青（集团）股份有限公司 2017 年半年度报告 2017 年 08 月 1 广东长青（集团）股份有限公司 2017 年半年度报告全文 | 目录 | | --- | 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。 公司负责人何启强、主管会计工作负责人张蓐意及会计机构负责人(会计主 管人员)黄荣泰声明：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。 本报告涉及未来计划等前瞻性陈述，该计划不构成公司对投资者的实质承 诺，投资者及相关人士均应当对此保持足够的风险认识，并应当理解计划、预 测及承诺之间的差异。 公司在本报告"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"部分描述了公司未来经营中可能面临的风险，敬请广大投资者注意阅 读。 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 | 股票简称 | 长青集团 | | | 股票代码 | 002616 ...

Financial Performance - The company's operating revenue for Q1 2017 was ¥486,574,855.16, representing a 3.26% increase compared to ¥471,209,218.95 in the same period last year[8]. - Net profit attributable to shareholders decreased by 23.79% to ¥25,421,114.82 from ¥33,355,849.97 year-on-year[8]. - Basic earnings per share fell by 28.56% to ¥0.0683 from ¥0.0956 in the same period last year[8]. - Operating profit decreased by 52.65% compared to the previous period, attributed to a decline in gross profit from manufacturing products[16]. - The company expects a net profit attributable to shareholders for the first half of 2017 to range between 38.24 million and 70.10 million yuan, reflecting a change of -40.00% to 10.00% compared to the previous year[22]. Cash Flow and Assets - The net cash flow from operating activities was negative at -¥53,579,195.44, a significant decline of 1,278.70% compared to ¥4,545,616.77 in the previous year[8]. - The company's cash and cash equivalents decreased by 37.33% compared to the beginning of the period, primarily due to a reduction in net cash flow from operating activities[15]. - Accounts receivable increased by 41.38% compared to the beginning of the period, mainly due to delayed settlement of subsidy payments by the power grid company[15]. - The net cash flow from operating activities decreased by 1278.70% compared to the previous period, primarily due to increased accounts receivable from subsidy payments[17]. - The company’s long-term borrowings increased by 54.96% compared to the beginning of the period, driven by increased funding needs for project construction[15]. - The company’s other current assets increased by 51.80% compared to the beginning of the period, primarily due to an increase in deductible VAT[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,021[11]. - The top shareholder, He Qiang, holds 25.68% of the shares, amounting to 95,606,900 shares, with 71,705,175 shares pledged[11]. - The company did not engage in any repurchase transactions during the reporting period[12]. Non-Recurring Items and Taxation - The company reported non-recurring gains and losses totaling ¥1,759,517.04 for the period[9]. - The company reported a 138.61% increase in taxes and surcharges compared to the previous period, due to changes in accounting treatment for certain taxes[16]. Dividend Policy - The company plans to distribute no cash dividends for the 2016 fiscal year, with a capital reserve conversion of 10 shares for every 10 shares held, doubling the total share capital from 372,366,822 shares to 744,733,644 shares[20]. Investment Income - The company’s investment income increased by 134.72 million yuan compared to the previous period, as there were no losses from foreign exchange forward contracts this period[16].

Market Expansion and Strategy - The company plans to stabilize its market share in developed countries while expanding into new markets, focusing on high-tech and high-value-added products to create new profit opportunities [4]. - The company is actively expanding its biomass power generation projects, with plans for new projects in multiple provinces [50]. - The company aims to maintain its existing market share in the U.S. while expanding new products and specifications, and will also introduce more innovative products to markets outside the U.S. [108]. - The company is focused on developing new energy solutions and expanding its operational capabilities in the renewable energy sector [176]. - The company has outlined its future outlook, emphasizing continued investment in renewable energy projects to align with national energy policies [198]. Financial Performance - The company's operating revenue for 2016 was CNY 1,906,788,763.99, representing a 19.12% increase compared to CNY 1,600,738,432.16 in 2015 [21]. - The net profit attributable to shareholders for 2016 was CNY 163,128,793.76, a significant increase of 48.80% from CNY 109,628,966.14 in 2015 [21]. - The net cash flow from operating activities reached CNY 298,330,030.39, marking a 120.16% increase from CNY 135,508,303.20 in 2015 [21]. - The basic earnings per share for 2016 was CNY 0.4508, up 48.73% from CNY 0.3031 in 2015 [21]. - The total operating revenue for 2016 was approximately CNY 1.91 billion, representing a year-on-year increase of 19.12% compared to CNY 1.60 billion in 2015 [58]. Investment and Projects - The company has invested in multiple biomass power generation projects, but operational risks remain if projects do not reach expected output levels [5]. - The company has established benchmark projects in both biomass cogeneration and waste-to-energy sectors, enhancing its operational efficiency and cost control [106]. - The company has ongoing biomass power generation projects in multiple provinces, with agreements in place for a total capacity of 29,000 to 52,000 units across various locations [179][181]. - The company has signed investment agreements for biomass power generation projects in multiple provinces, including Henan and Jiangsu, contributing to local environmental protection efforts [190]. - The company is currently executing several major contracts, including a biomass power generation project with a transaction price of CNY 36,000 million [173]. Risk Management - The company is facing risks from fluctuating raw material prices, particularly due to supply-side reforms and potential increases in biomass fuel costs [4]. - The company acknowledges the risk of delayed subsidy payments for renewable energy projects, which may take up to two years post-commissioning to be included in the subsidy directory [7]. - The company is actively monitoring foreign exchange fluctuations to manage potential impacts on profitability due to currency changes [4]. - The company is implementing a pricing adjustment mechanism in its steam supply agreements to mitigate risks from coal price fluctuations [8]. - The company aims to enhance its overall competitiveness and risk resistance through automation upgrades and quality control improvements [55]. Shareholder Returns and Dividends - The company reported a cash dividend of 45,505,718.64, with a net profit attributable to ordinary shareholders of 163,128,793.76, resulting in a payout ratio of 27.90% [125]. - The company implemented a cash dividend policy, distributing cash dividends of 1.2 yuan per 10 shares, totaling approximately 45.51 million yuan for the first half of 2016 [121]. - The company plans to increase its share capital by 10 shares for every 10 shares held, using capital reserves as the basis for the distribution [127]. - The total distributable profit for the year was 381,137,079.74, with cash dividends accounting for 0.00% of the total profit distribution [125]. - The company committed to distributing at least 20% of its distributable profits as cash dividends annually, contingent on achieving profitability and no significant cash expenditures [137]. Research and Development - The company is enhancing its research and development capabilities to improve product quality and delivery, aiming for comprehensive capability upgrades [4]. - Research and development investment increased by 50.75% to ¥37,620,593.28, representing 1.97% of operating revenue [71]. - As of December 2016, the company held 166 patents, reflecting its strong technological advantage in the industry [45]. - The company has developed several new products, including the PB13 portable oven and CEV8 smart proportional valve, aimed at expanding market reach [70]. - The company aims to improve its internal incentive mechanisms to attract talent and strengthen internal control mechanisms for better governance [111]. Environmental and Social Responsibility - The company emphasizes its commitment to environmental responsibility and aims to operate in a low-carbon and sustainable manner [189]. - The company has engaged in social responsibility initiatives, although specific financial metrics for these efforts remain unreported [185]. - The company has initiated several biomass power generation projects across different provinces, including Henan and Shandong, with ongoing agreements in place [184]. - The company has outlined a future plan for targeted poverty alleviation, focusing on the operational biomass power plants as a means to support local communities [188]. - The company has not reported any financial contributions or assistance in poverty alleviation for the year, with all indicators showing zero [186]. Corporate Governance and Compliance - The company has established a transparent communication mechanism with investors, enhancing their confidence in the company's future development [193]. - The company guarantees that all documents submitted to the Shenzhen Stock Exchange are free from false statements or significant omissions [135]. - The company has committed to strict adherence to its promises regarding the management and use of raised funds, ensuring compliance with relevant regulations [131]. - The company has not engaged in any share buybacks or significant acquisitions during the reporting period [129]. - The company has maintained a continuous relationship with its accounting firm for 9 years, with an audit fee of RMB 670,000 [145].

广东长青（集团）股份有限公司 2016 年第三季度报告正文 证券代码：002616 证券简称：长青集团 公告编号：2016-143 广东长青（集团）股份有限公司 2016 年第三季度报告正文 1 广东长青（集团）股份有限公司 2016 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。 公司负责人何启强、主管会计工作负责人张蓐意及会计机构负责人(会计主 管人员)黄荣泰声明：保证季度报告中财务报表的真实、准确、完整。 2 广东长青（集团）股份有限公司 2016 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） | 3,172,146,071.76 | | 2,90 ...

广东长青（集团）股份有限公司 2016 年半年度报告全文 广东长青（集团）股份有限公司 2016 年半年度报告 2016 年 08 月 1 广东长青（集团）股份有限公司 2016 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。 所有董事均已出席了审议本报告的董事会会议。 公司经本次董事会审议通过的利润分配预案为：以 379,214,322 为基数，向 全体股东每 10 股派发现金红利 1.2 元（含税），送红股 0 股（含税），不以公积 金转增股本。 公司负责人何启强、主管会计工作负责人张蓐意及会计机构负责人(会计主 管人员)黄荣泰声明：保证本半年度报告中财务报告的真实、准确、完整。 （1）国际市场不确定的风险：欧美市场在复苏方面仍存在诸多不确定因素， 对于一贯以欧美等发达地区为主要出口市场的公司来说，下半年的业务拓展仍 将受到一定程度的影响。公司将在进一步稳住欧美发达国家原有市场份额的基 础上，继续拓宽新市场、深挖老客户、老市场。同时，公司将不断提高研发、 ...

广东长青（集团）股份有限公司 2015 年年度报告全文 广东长青（集团）股份有限公司 2015 年年度报告 2016 年 03 月 1 广东长青（集团）股份有限公司 2015 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 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。 公司负责人何启强、主管会计工作负责人张蓐意及会计机构负责人(会计主 管人员)黄荣泰声明：保证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。 （1）国际市场不确定的风险：欧美市场在复苏方面仍存在诸多不确定因素， 对于一贯以欧美等发达地区为主要出口市场的公司来说，明年的业务拓展仍将 受到一定程度的影响。公司将在进一步稳住欧美发达国家原有市场份额的基础 上，继续拓宽新市场、深挖老客户、老市场。同时，公司将不断提高研发、质 管及交货等综合能力，尤其是加大力度开发高技术含量、高附加值的新产品， 创造新的利润空间，谋求更大的发展前景。 （2）汇率变动风险：随着人民币汇率单边上涨期的结束，人民币汇率变化 的不确定性增加 ...

广东长青（集团）股份有限公司 2016 年第一季度报告正文 证券代码：002616 证券简称：长青集团 公告编号：2016-069 广东长青（集团）股份有限公司 2016 年第一季度报告正文 1 广东长青（集团）股份有限公司 2016 年第一季度报告正文 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。 公司负责人何启强、主管会计工作负责人张蓐意及会计机构负责人(会计主 管人员)黄荣泰声明：保证季度报告中财务报表的真实、准确、完整。 2 广东长青（集团）股份有限公司 2016 年第一季度报告正文 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 471,209,218.95 | 354,177,394.23 | ...

Market Expansion and Customer Relationships - The company plans to maintain its market share in developed regions while expanding into new markets and enhancing existing customer relationships[4]. - The company is actively pursuing new market opportunities while enhancing the quality of its workforce to drive growth in its gas appliance business[47]. - The company acknowledges the uncertainty in the European and American markets, which may affect future business expansion[4]. - The company has established a strong market presence and customer relationships globally, enhancing its competitive edge in international markets[56]. Financial Performance - The company's operating revenue for 2015 was ¥1,600,738,432.16, representing a 15.53% increase compared to ¥1,385,517,121.23 in 2014[20]. - The net profit attributable to shareholders for 2015 was ¥109,628,966.14, a significant increase of 74.60% from ¥62,786,991.87 in 2014[20]. - The net cash flow from operating activities was ¥135,508,303.20, up by 14.51% from ¥118,336,322.59 in the previous year[20]. - The basic earnings per share for 2015 was ¥0.3031, reflecting a 43.45% increase from ¥0.2113 in 2014[20]. - Total assets at the end of 2015 amounted to ¥2,904,240,985.19, which is a 1.86% increase from ¥2,851,171,815.81 at the end of 2014[20]. - The company's net assets attributable to shareholders decreased by 3.88% to ¥1,597,728,072.20 from ¥1,662,219,452.31 in 2014[21]. Investment and R&D - The company will increase its investment in R&D and quality control to develop high-tech, high-value-added products[4]. - The company has accumulated 171 patents by December 2015, showcasing its strong commitment to research and development[58]. - Research and development investment increased by 11.96% to ¥24,956,009.65, representing 1.56% of operating revenue[84]. - The company is investing 200 million RMB in research and development for new technologies aimed at enhancing product efficiency and sustainability[199]. Risks and Challenges - The company faces risks from fluctuating raw material prices, particularly for gas appliances, due to supply-side reforms[5]. - The company is monitoring foreign exchange fluctuations closely, as changes in the RMB exchange rate could impact profitability[4]. - The company anticipates that rising labor costs may impact profitability, prompting a shift towards automation and information technology[7]. - The company has faced reduced international demand for gas appliances due to the ongoing financial crisis and European debt crisis, impacting overall performance[103]. Operational Developments - The company has invested in multiple biomass power generation projects, but operational challenges may affect expected performance[5]. - The company is expanding its biomass power generation projects, with new projects in Shandong, Chongqing, and Liaoning, which are expected to drive performance improvements in this segment[46]. - The company has initiated the construction of multiple combined heat and power projects, with a total estimated investment exceeding 5 billion RMB, aimed at replacing high-pollution coal boilers[46]. - The company has established a pricing adjustment mechanism in supply agreements to mitigate coal price volatility risks[6]. Financial Management and Fundraising - The company plans to enhance its funding management to achieve expected benefits from the raised capital, focusing on projects related to waste incineration power generation and biomass power generation[152]. - The company is set to issue up to 11,768,000 shares to raise funds for working capital, ensuring financial support for future development[137]. - The company has received regulatory approval for a non-public offering of shares, expected to raise 500 million RMB for further investments[200]. - The company has committed to avoiding any business activities that may compete with its main operations[151]. Dividend Policy - The company does not plan to distribute cash dividends or issue bonus shares for the 2015 fiscal year[149]. - The company implemented a cash dividend policy, distributing RMB 3.5 per 10 shares for the 2014 annual dividend, totaling RMB 61,227,831.35[144]. - For the 2015 semi-annual dividend, the company distributed RMB 3.5 per 10 shares, amounting to RMB 125,766,662.70, which exceeded 20% of the annual distributable profit[146]. - The company's net profit attributable to ordinary shareholders for 2015 was RMB 109,628,966.14, with a cash dividend payout ratio of 114.72%[148]. Corporate Governance and Compliance - The company has maintained a continuous relationship with its auditing firm for 8 years, ensuring consistent oversight[162]. - The company has not faced any penalties or corrective actions during the reporting period[166]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[158]. - The company’s board and supervisory committee approved the decision to change the use of funds on multiple occasions, ensuring compliance with regulatory requirements[111]. Future Outlook - The company aims to achieve a biomass utilization of 50 million tons annually by 2020, as part of the national climate change plan[127]. - Future outlook indicates a projected revenue growth of 10% for the next fiscal year, driven by new product launches and market expansion strategies[200]. - Guangdong Evergreen plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next two years[200]. - The company aims to improve its operational capabilities and maintain a competitive edge through the effective use of raised funds[152].