露笑科技股份有限公司 2015 年半年度报告全文 露笑科技股份有限公司 Roshow Technology Co., Ltd. （浙江省诸暨市店口镇露笑路38号） 2015年半年度报告 证券代码：002617 证券简称：露笑科技 披露日期：2015 年 8 月 27 日 1 露笑科技股份有限公司 2015 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 18000 万股为基数，向 全体股东每 10 股派发现金红利 0.10 元（含税），送红股 0 股（含税），以资本公 积金向全体股东每 10 股转增 10 股。 公司负责人鲁永、主管会计工作负责人慎东初及会计机构负责人(会计主管 人员)蒋海潮声明：保证本半年度报告中财务报告的真实、准确、完整。 2 | 目录 | | --- | | 2015 | 半年度报告 2 | | --- | --- | | 第一节 | 重要提示、目 ...

露笑科技股份有限公司 2015 年第一季度报告正文 证券代码：002617 证券简称：露笑科技 公告编号：2015-051 露笑科技股份有限公司 Roshow Technology Co., Ltd. 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。 公司负责人鲁永、主管会计工作负责人骆永新及会计机构负责人(会计主管 人员)蒋海潮声明：保证季度报告中财务报表的真实、准确、完整。 2 露笑科技股份有限公司 2015 年第一季度报告正文 （浙江省诸暨市店口镇露笑路38号） 2015年第一季度报告正文 证券代码：002617 证券简称：露笑科技 披露日期：2015 年 4 月 17 日 1 露笑科技股份有限公司 2015 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 | | ...

露笑科技股份有限公司 2014 年年度报告全文 露笑科技股份有限公司 Roshow Technology Co., Ltd. （浙江省诸暨市店口镇露笑路38号） 2014年年度报告 证券代码：002617 证券简称：露笑科技 披露日期：2015 年 4 月 17 日 1 露笑科技股份有限公司 2014 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。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人鲁永、主管会计工作负责人骆永新及会计机构负责人(会计主管 人员)蒋海潮声明：保证年度报告中财务报告的真实、准确、完整。 2 | 目录 | | --- | | 2014 | 年度报告 2 | | --- | --- | | 第一节 | 重要提示、目录和释义 6 | | 第二节 | 公司简介 6 | | 第三节 | 会计数据和财务指标摘要 8 | | 第四节 | 董事会报告 10 | | 第五节 | 重要事项 ...

Financial Performance - Operating revenue for the reporting period was ¥700,864,200.21, reflecting a growth of 6.28% year-on-year[7] - Net profit attributable to shareholders was ¥824,711.38, a decrease of 69.66% compared to the same period last year[7] - Basic earnings per share were ¥0.005, down 75.00% from the previous year[7] - The company expects a net loss for 2014, with an estimated net profit ranging from -1,000 to 1,000 million yuan, compared to a net profit of 3,810.99 million yuan in 2013[20] - The company reported a 43.72% decrease in investment income compared to the same period last year, primarily due to reduced dividends received during the reporting period[16] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was ¥177,012,398.14, an increase of 85.42%[7] - The ending balance of cash increased by 112.58% compared to the beginning of the year, mainly due to an increase in bank acceptance bill margin during the reporting period[16] - The ending balance of prepayments increased by 360.54% compared to the beginning of the year, primarily due to increased procurement of materials from suppliers during the reporting period[16] - Other receivables increased by 472.96% compared to the beginning of the year, mainly due to increased receivables from the transfer of the Yanwei Mountain project to the group company[16] - The ending balance of notes payable increased by 2002.79% compared to the beginning of the year, primarily due to increased note settlements with suppliers during the reporting period[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,206[10] - The largest shareholder, Roshow Group Co., Ltd., held 43.33% of the shares, totaling 78,000,000 shares[10] Tax and Expenses - Income tax expenses increased by 166.82% compared to the same period last year, mainly due to increased profits from subsidiaries during the reporting period[16] - The company experienced a 107.35% increase in business tax and additional charges compared to the same period last year, mainly due to increased VAT payments during the reporting period[16] Asset Management - The company reported a weighted average return on equity of 0.09%, a decrease of 0.22% year-on-year[7] - Non-recurring gains and losses for the year-to-date amounted to ¥9,621,371.53[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥4,270,820.05, a decline of 320.02%[7] - The company’s deferred tax assets increased by 54.79% compared to the beginning of the year, mainly due to an increase in bad debt provisions during the reporting period[16] - The company’s asset impairment losses increased by 42.08% compared to the same period last year, mainly due to an increase in receivables during the reporting period[16]

Financial Performance - The company's operating revenue for the first half of 2014 was CNY 1,415,264,580.62, a decrease of 4.55% compared to CNY 1,482,711,239.54 in the same period last year[20]. - The net profit attributable to shareholders was CNY 4,616,241.07, representing a significant decline of 85.29% from CNY 31,373,829.34 year-on-year[20]. - The net profit after deducting non-recurring gains and losses was CNY 90,400.97, down 99.71% from CNY 30,831,258.20 in the previous year[20]. - The basic earnings per share decreased by 82.35% to CNY 0.03 from CNY 0.17 in the previous year[20]. - The company reported a net profit margin decline, with undistributed profits decreasing to CNY 166,236,442.18 from CNY 170,620,201.11, a drop of approximately 2.3%[113]. - The net profit for the current period is reported at -18,250,780.00 CNY, indicating a significant loss compared to the previous period[147]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 90,299,063.90, a turnaround from a negative cash flow of CNY -102,482,314.66 in the same period last year[20]. - The cash balance at the end of the reporting period was ¥362,255,534.78, an increase from ¥237,475,860.75 at the beginning[109]. - The company reported a cash outflow for investment activities of 108,910,551.19, down from 150,839,226.22, indicating a reduction of about 27.8%[136]. - The ending balance of cash and cash equivalents increased to 157,019,716.79 from 112,069,759.52, marking an increase of approximately 40%[136]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,478,657,092.38, an increase of 13.19% compared to CNY 2,189,789,265.46 at the end of the previous year[20]. - Current liabilities rose to CNY 1,212,240,626.22, compared to CNY 924,921,367.79, marking an increase of about 31.1%[113]. - The total liabilities increased to CNY 1,568,426,084.93 from CNY 1,273,845,407.89, reflecting a rise of about 23.1%[113]. - Long-term equity investments increased to CNY 189,600,000.00 from CNY 89,600,000.00, showing a growth of 111.1%[111]. Investment and R&D - The company invested ¥100,000,000.00 during the reporting period, an increase of 11.61% compared to ¥89,600,000.00 in the same period last year[40]. - The company has invested 1,073.62 million RMB in the new technology research and development base, with a total planned investment of 10,300 million RMB, indicating a project progress of 30%[61]. - Research and development expenses amounted to ¥29,496,615.21, reflecting an 8.73% decrease compared to the previous year[32]. Market and Sales - Domestic sales increased by 6.67% to ¥1,317,624,045.48, while foreign sales surged by 12.29% to ¥87,405,397.51[36]. - The overall economic environment remains challenging, with weak consumer demand impacting the company's growth prospects[30]. Corporate Governance and Compliance - The company has not engaged in any asset acquisitions or sales during the reporting period[73][74]. - There were no significant litigation or arbitration matters during the reporting period[70]. - The company has not implemented any equity incentive plans during the reporting period[76]. - The financial report for the half-year has not been audited[89]. Shareholder Information - The largest shareholder, Luxiao Group, holds 43.33% of the shares, totaling 78,000,000 shares, with 44,000,000 shares pledged[97]. - The total number of shares remains at 180,000,000, with 68.78% being restricted shares after a reduction of 300,000 shares[95]. - The company has not distributed cash dividends or issued bonus shares for this reporting period[6]. Related Party Transactions - The company reported a total of 12,498.06 million yuan in related party transactions, with 100% of the sales of electricity priced at market rates[77]. - Sales of long crystal furnace equipment to Zhejiang Luxiao amounted to 1,485.47 million yuan, representing 12.93% of the total related party transactions[77]. - The company has no significant related party transactions involving asset acquisitions or joint investments during the reporting period[78][79]. Accounting Policies - The financial statements are prepared based on the going concern assumption and comply with the Chinese Accounting Standards[156]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a non-same-control merger[160]. - The company measures financial instruments at fair value, with changes in fair value recognized in profit or loss for trading financial assets or liabilities[170].

Revenue and Profitability - Revenue for Q1 2014 was ¥674,938,779.66, a decrease of 7.51% compared to ¥729,706,946.62 in the same period last year[9] - Net profit attributable to shareholders was -¥5,548,529.02, representing a decline of 163.08% from ¥8,795,808.73 year-on-year[9] - Basic and diluted earnings per share were both -¥0.03, down 160% from ¥0.05 in the same period last year[9] - The expected net profit attributable to shareholders for the first half of 2014 is projected to be between RMB 5 million and RMB 15 million, a decrease of 84% to 52% compared to RMB 31.37 million in the same period of 2013 [28] - Net profit for the current period is -¥6,648,017.87, compared to a net profit of ¥8,891,546.63 in the previous period, indicating a significant decline[46] Cash Flow - The net cash flow from operating activities improved to ¥42,229,215.40, a significant recovery from -¥91,328,351.61 in the previous year[9] - The net cash flow from investing activities was ¥7,431,399.45, a significant improvement from -¥179,952,681.17 in the previous year[16] - The net cash flow from operating activities was CNY 42.23 million, a significant improvement compared to a negative cash flow of CNY -91.33 million in the previous quarter[54] - The total cash outflow from investing activities was CNY 7.83 million, down from CNY 210.76 million in the previous quarter, indicating a reduction of approximately 96.3%[57] - The net cash flow from financing activities was negative CNY -77.38 million, contrasting with a positive cash flow of CNY 228.92 million in the previous quarter[57] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,164,967,640.61, a decrease of 1.13% from ¥2,189,789,265.46 at the end of the previous year[9] - The company reported a total asset of RMB 2.165 billion at the end of the reporting period, a slight decrease from RMB 2.190 billion at the beginning of the period [30] - The company's total assets increased to ¥1,913,724,178.41 from ¥1,892,638,903.19, reflecting a growth of 1.7%[39] - The company's total liabilities decreased to RMB 1.256 billion from RMB 1.274 billion [33] - The company's total liabilities increased to ¥1,078,181,568.77 from ¥1,051,958,757.91, marking a rise of 2.5%[42] Operational Performance - The company’s management expenses rose by 38.17% to ¥16,163,578.59, attributed to increased salaries and R&D costs[15] - The company experienced a 199.74% increase in advance receipts, reaching ¥26,222,147.51, indicating higher pre-sales activity[15] - Total operating revenue for the current period is ¥674,938,779.66, a decrease of 7.5% from ¥729,706,946.62 in the previous period[44] - Total operating costs amount to ¥695,564,732.48, down 3.1% from ¥717,881,446.56 in the previous period[44] Investments and Joint Ventures - Investment income for the period was ¥12,138,862.49, a new revenue stream from the investment in Haibo Microfinance[15] - The company established a joint venture, Bern Lux Sapphire Co., Ltd., with a registered capital of RMB 50 million, where the company contributes RMB 20 million (40%) and Bern Optical contributes RMB 30 million (60) [18] - Bern Lux Sapphire Co., Ltd. will purchase 200 units of 80kg sapphire crystal growth furnaces for approximately RMB 230 million, which represents 8.40% of the company's estimated sales for 2013 [19] Cash Management - The company's cash and cash equivalents increased to RMB 256.62 million from RMB 237.48 million [26] - Accounts receivable increased to RMB 627.11 million from RMB 516.31 million, indicating slower collection [26] - Inventory decreased to RMB 263.86 million from RMB 347.65 million, reflecting changes in production or sales strategy [30] - Cash and cash equivalents increased to ¥193,888,926.10 from ¥159,448,992.83, an increase of 21.6%[39] - The ending cash and cash equivalents balance was CNY 181.91 million, compared to CNY 145.47 million in the previous quarter, reflecting an increase of about 24.9%[57]

Financial Performance - The company's operating revenue for 2013 was CNY 2,729,705,511.48, representing a 3.95% increase compared to CNY 2,626,095,429.40 in 2012[24] - The net profit attributable to shareholders for 2013 was CNY 38,109,921.14, which is a 17.32% increase from CNY 32,485,029.72 in 2012[24] - The basic earnings per share for 2013 increased to CNY 0.21, up 16.67% from CNY 0.18 in 2012[24] - The weighted average return on net assets for 2013 was 4.23%, an increase from 3.5% in 2012[24] - The company achieved operating revenue of CNY 2,729.71 million in 2013, a year-on-year increase of 3.95%[31] - Net profit attributable to shareholders was CNY 38.11 million, representing a year-on-year increase of 17.32%[31] - The company reported a total of CNY 689.66 million in sales from its top five customers, accounting for 25.27% of total sales[35] - The company achieved a net profit of CNY 7,295,056.28 for the year 2013, with a total distributable profit of CNY 136,132,416.23 after accounting for legal reserves and dividends[89] Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 85,955,527.30, compared to a negative cash flow of CNY -142,728,991.63 in 2012, marking a turnaround of 160.22%[24] - Cash flow from operating activities showed a net inflow of CNY 85.96 million, a significant recovery from a net outflow in the previous year[47] - The company's cash and cash equivalents decreased from ¥311.68 million (15.61% of total assets) at the end of 2012 to ¥237.48 million (10.84% of total assets) at the end of 2013, a decrease of 4.77%[51] - The company reported a total current assets of ¥1,379,256,917.92 as of December 31, 2013, a decrease from ¥1,442,321,747.95 at the beginning of the year, reflecting a decline of approximately 4.4%[199] - Cash and cash equivalents decreased to ¥237,475,860.75 from ¥311,676,483.68, representing a decline of about 23.8%[199] - Accounts receivable amounted to ¥516,309,718.78, down from ¥556,026,868.87, indicating a decrease of approximately 7.1%[199] - Inventory increased to ¥347,647,229.54 from ¥275,755,017.67, showing a growth of around 26.0%[199] - Fixed assets rose significantly to ¥508,721,581.80 from ¥282,745,625.84, marking an increase of approximately 80.0%[199] Investments and Acquisitions - The acquisition of Luton Electromechanical contributed to the revenue increase of CNY 103.61 million[32] - The company completed the acquisition of 100% equity in Zhejiang Lutong Electromechanical Co., Ltd., which has been included in the consolidated financial statements for the year 2013[84] - The company has committed to invest a total of ¥40,585.61 million in various projects, with a cumulative investment of ¥20,297.87 million by the end of the reporting period, achieving 49.9% of the planned investment[67] - The project for producing 15,000 tons of aluminum core magnetic wire has achieved an investment of ¥27,001.73 million, reaching 93.56% of the planned investment[64] - The company established a joint venture, Bern Lux Sapphire Co., Ltd., with a registered capital of CNY 50,000 million, where the company contributed CNY 20,000 million, accounting for 40%[115] Research and Development - Research and development expenditure was CNY 69.82 million, accounting for 3.04% of operating revenue[43] - The company applied for 28 new technology and patent projects in 2013, with 13 utility model patents granted by the National Intellectual Property Office[57] - The company has allocated 10,300 million for the new technology research and development base, with an actual investment of 1,518.67 million during the reporting period[76] - The company is actively involved in the development of aluminum wire technology and has established itself as a leading manufacturer in this sector, participating in the formulation of 8 national standards[70] Risks and Challenges - The company faced various risks including market risk and fluctuations in raw material prices, which could impact future performance[13] - The company is facing challenges due to economic uncertainties and increased competition in the electromagnetic wire market, which may impact profit margins[77] - The company has implemented measures to control raw material price risks, particularly for commodities like copper and aluminum, which are essential for production[80] - The company is actively monitoring market risks, including economic downturns and raw material price fluctuations, to mitigate potential impacts on profitability[80] Corporate Governance and Shareholder Matters - The company has established a performance evaluation system for senior management, which is overseen by the board of directors and the compensation and assessment committee[176] - The governance structure of the company complies with the Company Law and relevant regulations, ensuring a robust internal control system[162] - The company held its annual general meeting on May 13, 2013, where several key reports were approved, including the 2012 financial settlement report and the profit distribution plan[163] - The independent directors attended all nine board meetings and five shareholder meetings during the reporting period, with no objections raised against company matters[167] - The company has no existing employee stock ownership plans[126] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares to all shareholders[5] - The cash dividend distribution plan for 2013 proposes a payout of CNY 0.5 per 10 shares, totaling CNY 9,000,000, which represents 23.62% of the net profit attributable to shareholders[87] - The cash dividend policy mandates that at least 20% of profits should be distributed as cash dividends during significant capital expenditure phases[87] Miscellaneous - The company has not reported any significant changes in its main business operations since its listing[20] - The company has not encountered any significant changes in project feasibility or unachieved planned progress[67] - The company has not reported any issues regarding the use and disclosure of raised funds[67] - The company has no major litigation or arbitration matters during the reporting period[94] - There were no significant media inquiries or doubts regarding the company during the reporting period[95]

Financial Performance - Revenue for Q1 2014 was ¥674,938,779.66, a decrease of 7.51% compared to ¥729,706,946.62 in the same period last year[5] - Net profit attributable to shareholders was -¥5,548,529.02, representing a decline of 163.08% from ¥8,795,808.73 year-on-year[5] - Basic and diluted earnings per share were both -¥0.03, down 160% from ¥0.05 in the same period last year[5] - The company expects a net profit attributable to shareholders for the first half of 2014 to be between RMB 5 million and RMB 15 million, a decrease of 84% to 52% compared to the same period in 2013, which was RMB 31.37 million[23] - The decline in performance is attributed to changes in the economic environment, intense industry competition, slow accounts receivable recovery, and increased financial costs due to underperforming investment projects[23] Cash Flow - The net cash flow from operating activities improved to ¥42,229,215.40, compared to -¥91,328,351.61 in the previous year, marking a significant turnaround[5] - The company’s cash flow from financing activities was -¥77,378,858.84, a significant decrease from ¥228,920,623.75 in the previous year, primarily due to reduced bank loan repayments[13] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,164,967,640.61, a decrease of 1.13% from ¥2,189,789,265.46 at the end of the previous year[5] Operational Changes - The company reported a 66.75% increase in prepayments, totaling ¥13,976,736.75, primarily due to increased raw material purchases[12] - The company experienced a 199.74% increase in advance receipts, reaching ¥26,222,147.51, attributed to higher product sales[12] - Management expenses rose by 38.17% to ¥16,163,578.59, mainly due to increased salaries and R&D costs in subsidiaries[12] Investments and Joint Ventures - Investment income for the period was ¥12,138,862.49, a new revenue stream from investments in Haibo Microfinance[12] - The company established a joint venture, Bern Lux Sapphire Co., Ltd., with a registered capital of RMB 50 million, where the company contributed RMB 20 million, accounting for 40% of the capital[15] - Bern Lux Sapphire Co., Ltd. will purchase 200 units of 80kg sapphire crystal growth furnaces from the company's wholly-owned subsidiary, with a total transaction amount of approximately RMB 230 million, representing 8.40% of the company's estimated sales for 2013[16] - The sapphire crystal growth furnaces are expected to be delivered by the end of August 2014[16] Future Outlook - The company is committed to avoiding competition with its own subsidiaries and has made promises regarding asset restructuring and management[18] - The company anticipates a positive net profit for the first half of 2014, not classified as a turnaround situation[19]