露笑科技股份有限公司 2018 年第三季度报告正文 证券代码：002617 证券简称：露笑科技 公告编号：2018-135 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尤世喜及会计机构负责人(会计主管 人员)尤世喜声明：保证季度报告中财务报表的真实、准确、完整。 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） 2018年第三季度报告正文 证券代码：002617 证券简称：露笑科技 披露日期：2018 年 10 月 23 日 1 露笑科技股份有限公司 2018 年第三季度报告正文 第一节 重要提示 2 露笑科技股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | - ...

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8D%E8%A6%81%E6%8F%90%E7%A4%BA%E3%80%81%E7%9B%AE%E5%BD%95%E5%92%8C%E9%87%8A%E4%B9%89) The company's board guarantees report accuracy and completeness, with no planned cash dividends or bonus shares for H1 2018 - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the report content, and assume legal responsibility[4](index=4&type=chunk) - The company plans no cash dividends, bonus shares, or capital increase from provident funds for the first half of 2018[7](index=7&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) This section provides an overview of the company and its key financial performance metrics [Key Accounting Data and Financial Indicators](index=6&type=section&id=%E5%9B%9B%E3%80%81%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In H1 2018, the company's operating revenue grew by **24.68%** to **RMB 1.91 billion**, while net profit attributable to shareholders decreased by **12.25%** to **RMB 140 million**, with net cash flow from operating activities significantly improving by **98.66%** despite remaining negative Table | Indicator | Current Period | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,913,928,835.18 | 1,535,015,250.61 | 24.68% | | Net Profit Attributable to Shareholders (RMB) | 140,473,841.27 | 160,075,744.86 | -12.25% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Gains/Losses) (RMB) | 132,715,333.94 | 159,585,230.73 | -16.84% | | Net Cash Flow from Operating Activities (RMB) | -5,809,995.55 | -433,065,418.24 | 98.66% | | Basic Earnings Per Share (RMB/share) | 0.127 | 0.145 | -12.41% | | Weighted Average Return on Net Assets | 5.35% | 6.85% | -1.50% | | Total Assets (RMB) | 6,521,124,783.15 | 6,305,997,986.31 | 3.41% (vs. End of Prior Year) | | Net Assets Attributable to Shareholders (RMB) | 2,688,003,250.42 | 2,562,225,462.22 | 4.91% (vs. End of Prior Year) | [Non-recurring Gains and Losses Items and Amounts](index=6&type=section&id=%E5%85%AD%E3%80%81%E9%9D%9E%E5%B8%B8%E8%A7%84%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%8F%8A%E9%87%91%E9%A2%9D) During the reporting period, the company's non-recurring gains and losses totaled **RMB 7.76 million**, primarily from government subsidies of **RMB 8.14 million** Table | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 776,088.00 | | Government Subsidies Recognized in Current P&L | 8,135,899.94 | | Other Non-operating Income/Expenses and Investment Income | 1,428,828.21 | | Less: Income Tax Impact | 2,582,308.82 | | **Total** | **7,758,507.33** | [Company Business Overview](index=8&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E5%85%AC%E5%8F%B8%E4%B8%9A%E5%8A%A1%E6%A6%82%E8%A6%81) This section outlines the company's main business segments, significant asset changes, and core competitive advantages [Main Businesses](index=8&type=section&id=%E4%B8%80%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1) The company primarily engages in the production and sales of five major business segments: enameled wire, electromechanical products, sapphire, new energy vehicle core components (motors, electronic controls, batteries), and photovoltaic business, actively implementing a 'traditional industry + new industry' dual-driven development strategy - The company's main business segments include: - **Enameled Wire Business**: High-temperature resistant copper/aluminum core enameled wire, applied in motors, home appliances, etc - **Electromechanical Business**: New energy motors, turbochargers, sapphire crystal furnaces, etc - **Sapphire Business**: Applied in LED substrates, consumer electronics, etc - **New Energy Vehicle Business**: Covers motors, electronic controls, and lithium-ion power battery systems, forming the 'Big Three' components - **Photovoltaic Industry Business**: Investment, installation (EPC), and operation of photovoltaic power stations[27](index=27&type=chunk)[28](index=28&type=chunk)[29](index=29&type=chunk) [Significant Changes in Major Assets](index=8&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%A6%81%E8%B5%84%E4%BA%A7%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8C%96%E6%83%85%E5%86%B5) During the reporting period, the company made a new **40%** equity investment in Chery New Energy Automobile Co., Ltd. while accounts receivable increased due to business expansion, construction in progress was converted to fixed assets, and raised funds were gradually utilized Table | Asset Item | Change Description | | :--- | :--- | | Equity Investments | New 40% equity in Chery New Energy Automobile Co., Ltd | | Accounts Receivable | Increased due to business expansion | | Construction in Progress | Portion of construction in progress converted to fixed assets | | Cash and Cash Equivalents | Decreased due to gradual use of raised funds | [Core Competitiveness Analysis](index=9&type=section&id=%E4%B8%89%E3%80%81%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness is reflected in four aspects: strong brand and customer resources including Samsung, LG, and Midea; excellent innovation and technological advantages with provincial research institutes and multiple core achievements; proprietary sapphire crystal growth furnace production technology; and a comprehensive strategic layout for new energy vehicle 'Big Three' components (motors, electronic controls, batteries) - The company possesses core advantages in brand, R&D, technology, and strategic layout, particularly in the 'Big Three' components for new energy vehicles, which has brought new performance growth points[32](index=32&type=chunk)[33](index=33&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) This section provides an overview of the company's operating performance, main business analysis, asset and liability status, investment activities, and risk management strategies [Operating Overview](index=10&type=section&id=%E4%B8%80%E3%80%81%E6%A6%82%E8%BF%B0) In H1 2018, the company achieved operating revenue of **RMB 1.91 billion**, a **24.68%** year-on-year increase, but net profit attributable to the parent company was **RMB 140 million**, a **12.25%** year-on-year decrease, as the company continued to advance its 'traditional industry + new industry' dual-driven strategy and optimize its 'Big Three' new energy vehicle component layout Table | Indicator | Amount | YoY Change | | :--- | :--- | :--- | | Operating Revenue | 1.91 billion RMB | +24.68% | | Net Profit Attributable to Parent | 140 million RMB | -12.25% | - The company's main initiatives during the reporting period included: - Developing high-end equipment manufacturing such as electromechanical products and strategic emerging industries like power lithium batteries - Enhancing corporate management, strengthening internal audit and information disclosure - Boosting technological R&D, successfully developing multiple new products - Optimizing the management team and quality control system[36](index=36&type=chunk) [Analysis of Main Business](index=10&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E5%88%86%E6%9E%90) Revenue growth was primarily driven by the photovoltaic business, with this segment's revenue increasing by **86.48%** year-on-year and gross margin improving by **2.06** percentage points; however, new energy vehicle business revenue sharply declined by **94.76%**, while traditional industrial manufacturing revenue grew by **22.44%** but its gross margin decreased by **2.03** percentage points, and financial expenses significantly increased by **227.83%** due to higher financing volume and costs 主要财务数据同比变动 | Item | Current Period (RMB) | YoY Change | Main Reason for Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,913,928,835.18 | 24.68% | - | | Selling Expenses | 22,694,224.27 | 58.69% | Business growth and increased transportation, after-sales service fees | | Financial Expenses | 44,746,955.29 | 227.83% | Increase in total financing and financing costs | | Asset Impairment Losses | 19,452,275.35 | 118.85% | Mainly due to increase in bad debt provisions | | Net Cash Flow from Operating Activities | -5,809,995.55 | 98.66% | Lower base due to more installment collection business in prior year | 营业收入构成 (分行业) | Industry | Operating Revenue (RMB) | Proportion of Total Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Industrial Manufacturing | 1,013,369,684.19 | 52.95% | 22.44% | | Photovoltaic Industry | 888,451,761.06 | 46.42% | 86.48% | | New Energy Vehicles | 12,107,389.93 | 0.63% | -94.76% | 营业收入构成 (分产品) | Product | Operating Revenue (RMB) | Proportion of Total Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Enameled Wire | 890,640,794.45 | 46.53% | 17.53% | | PV Power Station EPC | 873,322,507.68 | 45.63% | 84.47% | | Auto Parts | 12,107,389.93 | 0.63% | -91.85% | | Electromechanical Equipment | 118,712,709.85 | 6.20% | 75.02% | [Analysis of Assets and Liabilities](index=13&type=section&id=%E5%9B%9B%E3%80%81%E8%B5%84%E4%BA%A7%E5%8F%8A%E8%B4%9F%E5%80%BA%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) As of the end of the reporting period, the company's total assets were **RMB 6.52 billion**; accounts receivable significantly increased by **43.84%** to **RMB 2.14 billion** due to business expansion, rising from **23.5%** to **32.75%** of total assets, while notes payable and taxes payable also increased significantly, reflecting changes in business activities, and nearly **RMB 1 billion** in assets were restricted, primarily for loan collateral or pledge 资产负债表主要项目变动 | Item | Period-end Balance (RMB) | Beginning-of-period Balance (RMB) | Change Percentage | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Accounts Receivable | 2,135,600,596.20 | 1,484,689,247.65 | 43.84% | Business expansion | | Notes Payable | 316,360,613.96 | 156,207,249.83 | 102.53% | Increased use of notes for external payments | | Advances from Customers | 1,882,994.17 | 22,111,256.68 | -91.48% | Advances settled by invoicing, balance decreased | | Taxes Payable | 138,991,424.04 | 52,200,149.46 | 166.27% | Caused by business growth | 期末资产权利受限情况 | Item | Period-end Book Value (RMB) | Reason for Restriction | | :--- | :--- | :--- | | Cash and Cash Equivalents | 137,611,044.34 | Deposits, litigation freezes, etc | | Notes Receivable | 158,811,403.83 | Notes pledged | | Fixed Assets | 269,341,166.64 | Mortgaged | | Intangible Assets | 83,984,458.99 | Mortgaged | | Accounts Receivable | 139,348,244.33 | Pledged | | **Total** | **999,808,737.13** | | [Investment Analysis](index=14&type=section&id=%E4%BA%94%E3%80%81%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) During the reporting period, the company completed a **RMB 40 million** capital increase in Chery New Energy Automobile Co., Ltd., acquiring a **40%** stake; concurrently, the company made significant adjustments to the use of raised funds, reallocating **RMB 829 million** (representing **64.03%** of total raised funds) originally intended for energy-efficient motors and sapphire projects to acquire equity in Shanghai Zhengyun and Jiangsu Dingyang, and to permanently supplement working capital 报告期内重大股权投资 | Investee Company | Investment Method | Investment Amount (RMB) | Shareholding Percentage | Source of Funds | Investment Gain/Loss for the Period (RMB) | | :--- | :--- | :--- | :--- | :--- | :--- | | Chery New Energy Automobile Co., Ltd. | Capital Increase | 40,000,000.00 | 40.00% | Own Funds | -5,582,732.93 | 募集资金总体使用情况 (单位：万元) | Item | Amount | | :--- | :--- | | Total Raised Funds | 129,438.77 | | Total Raised Funds Invested in Current Period | 27,158.68 | | Total Raised Funds Cumulatively Invested | 106,456.51 | | Total Raised Funds Whose Use Has Been Changed | 82,876.79 | | Percentage of Total Raised Funds Whose Use Has Been Changed | 64.03% | - Multiple original fundraising projects (such as intelligent direct-drive motors for oilfields and intelligent sapphire crystal growth furnaces) underwent significant changes in feasibility due to market environment shifts and uncertain prospects, leading to funds being reallocated for the acquisition of Shanghai Zhengyun, Jiangsu Dingyang, and to supplement working capital[61](index=61&type=chunk) [Analysis of Major Holding and Associate Companies](index=20&type=section&id=%E4%B8%83%E3%80%81%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) The company's primary profit contribution came from its wholly-owned subsidiary, Jiangsu Dingyang Green Energy Power Co., Ltd., which generated **RMB 900 million** in operating revenue and **RMB 178 million** in net profit during the reporting period, significantly impacting the company's overall performance; additionally, the company established Shanghai Fengmai Smart Control Technology Co., Ltd. as a wholly-owned subsidiary to optimize its product structure 主要子公司财务情况 (单位：元) | Company Name | Main Business | Operating Revenue | Operating Profit | Net Profit | | :--- | :--- | :--- | :--- | :--- | | Jiangsu Dingyang Green Energy Power Co., Ltd. | Solar power generation, PV power stations | 900,132,301.63 | 228,588,072.51 | 177,923,518.45 | [2018 Q1-Q3 Operating Performance Forecast](index=21&type=section&id=%E4%B9%9D%E3%80%81%E5%AF%B9%202018%20%E5%B9%B4%201-9%20%E6%9C%88%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E7%9A%84%E9%A2%84%E8%AE%A1) The company forecasts net profit attributable to shareholders for January-September 2018 to be between **RMB 180 million** and **RMB 230 million**, representing a change of **-22.92%** to **-1.51%** compared to **RMB 234 million** in the prior year, primarily due to increased financing costs resulting from changes in the economic environment, leading to a significant increase in financial expenses 2018年1-9月业绩预告 | Item | Forecasted Situation | | :--- | :--- | | Net Profit Attributable to Parent Change Range | RMB 180 million To RMB 230 million | | Net Profit Attributable to Parent Change Percentage | -22.92% To -1.51% | | Net Profit Attributable to Parent in 2017 Prior Period | RMB 234 million | | Reason for Performance Change | Changes in financing environment, rising financing costs, significant increase in financial expenses expected | [Risks Faced by the Company and Countermeasures](index=21&type=section&id=%E5%8D%81%E3%80%81%E5%85%AC%E5%8F%B8%E9%9D%A2%E4%B8%B4%E7%9A%84%E9%A3%8E%E9%99%A9%E5%92%8C%E5%BA%94%E5%AF%B9%E6%8E%AA%E6%96%BD) The company identified specific risks across its five major business segments: enameled wire and electromechanical businesses face raw material price volatility and uncertain downstream demand; sapphire business is constrained by key customer application strategies and high costs; new energy vehicle business faces intensifying competition; and the photovoltaic business requires significant capital and has long investment recovery periods, which the company plans to address through product structure adjustments, linked pricing, technological innovation, and adherence to national policies - **Enameled Wire Business Risk**: Intensifying industry competition and significant fluctuations in copper raw material prices. **Countermeasure**: Adjust product structure and adopt a 'benchmark copper price + processing fee' pricing principle to transfer risk[73](index=73&type=chunk) - **New Energy Vehicle Business Risk**: Market competition is expected to intensify further. **Countermeasure**: Increase market expansion and technological R&D, and expand the overall new energy vehicle business chain[74](index=74&type=chunk) - **Photovoltaic Business Risk**: EPC model requires significant upfront capital, and power station investments have long payback periods. **Countermeasure**: Actively respond to national 'Belt and Road' and 'Photovoltaic Poverty Alleviation' policies to continue business development[74](index=74&type=chunk) [Significant Events](index=23&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) This section details significant related party transactions and major contracts, including substantial guarantees provided to subsidiaries [Significant Related Party Transactions](index=25&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) During the reporting period, the company engaged in significant related party transactions in its ordinary course of business; its subsidiary, Jiangsu Dingyang, signed an EPC general contracting agreement worth **RMB 455 million** with Fengning Manchu Autonomous County Shunqi Solar Power Generation Co., Ltd., both under common control of the parent company, with **RMB 419 million** recognized during the period; additionally, the company received an interest-free loan of **RMB 356 million** from its controlling shareholder, Luxiao Group Co., Ltd 与日常经营相关的重大关联交易 | Related Party | Related Party Transaction Content | Related Party Transaction Amount (million RMB) | Proportion of Similar Transactions | | :--- | :--- | :--- | :--- | | Fengning Manchu Autonomous County Shunqi Solar Power Generation Co., Ltd. | EPC Construction | 41,857.98 | 47.92% | - Controlling shareholder Luxiao Group Co., Ltd. provided the company with an interest-free loan of **RMB 356 million**[90](index=90&type=chunk) [Significant Contracts and Their Performance](index=27&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) The company provided substantial guarantees totaling **RMB 910 million** for several wholly-owned subsidiaries, including Shanghai Zhengyun, Zhejiang Luxiao Electronic Wire, Shuntong New Energy, and Zhejiang Lutong Electromechanical, to support their financing and business development as of the end of the reporting period 对子公司的担保情况 (部分) | Guaranteed Party Name | Guaranteed Amount (million RMB) | Guarantee Type | | :--- | :--- | :--- | | Shanghai Zhengyun New Energy Technology Co., Ltd. | 16,000 | Joint and Several Liability Guarantee | | Zhejiang Luxiao Electronic Wire Co., Ltd. | 30,000 | Joint and Several Liability Guarantee | | Shuntong New Energy Vehicle Services Co., Ltd. | 20,000 | Joint and Several Liability Guarantee | | Zhejiang Lutong Electromechanical Co., Ltd. | 25,000 | Joint and Several Liability Guarantee | [Share Changes and Shareholder Information](index=30&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) This section details changes in the company's share capital and provides an overview of its shareholder structure, including major shareholders and their pledged holdings [Share Changes](index=30&type=section&id=%E4%B8%80%E3%80%81%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) According to the 2017 annual profit distribution plan, the company converted capital reserves into shares, issuing **5** bonus shares for every **10** shares held by all shareholders, increasing the total share capital from **735 million** shares to **1.102 billion** shares Table | Item | Quantity Before Change (shares) | Quantity After Change (shares) | | :--- | :--- | :--- | | Restricted Shares | 37,081,723 | 55,622,584 | | Unrestricted Shares | 697,743,044 | 1,046,614,566 | | **Total Shares** | **734,824,767** | **1,102,237,150** | [Shareholder Information](index=31&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5) As of the end of the reporting period, the company had **14,241** shareholders; controlling shareholder Luxiao Group Co., Ltd. held **37.77%** of shares, with **87.33%** of its holdings pledged; among the top ten shareholders, Lu Xiaojun, Li Boying, and Lu Yong are related parties, and their shareholdings also show high pledge ratios, indicating financial pressure on major shareholders 前十大股东持股及质押情况 | Shareholder Name | Shareholding Percentage | Number of Shares Held | Pledged/Frozen Shares | | :--- | :--- | :--- | :--- | | Luxiao Group Co., Ltd. | 37.77% | 416,323,068 | 363,572,245 | | Lu Xiaojun | 5.55% | 61,200,000 | 60,000,000 | | Li Boying | 4.86% | 53,550,000 | 51,000,000 | | Lu Yong | 4.15% | 45,763,422 | 26,919,660 | - Among the top ten shareholders, Luxiao Group, Lu Xiaojun, Li Boying, and Lu Yong are related parties; the company is unaware of any other related party relationships among other shareholders[112](index=112&type=chunk) [Preferred Shares Information](index=34&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E4%BC%98%E5%85%88%E8%82%A1%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms that the company had no preferred shares during the reporting period - The company had no preferred shares during the reporting period[117](index=117&type=chunk) [Directors, Supervisors, and Senior Management Information](index=35&type=section&id=%E7%AC%AC%E5%85%AB%E8%8A%82%20%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E6%83%85%E5%86%B5) This section details changes in the company's directors, supervisors, and senior management personnel [Changes in Directors, Supervisors, and Senior Management](index=35&type=section&id=%E4%BA%8C%E3%80%81%E5%85%AC%E5%8F%B8%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E3%80%81%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) During the reporting period, company supervisor Ying Jianghui resigned due to personal reasons, and Zhao Junjun was appointed as the new supervisor; additionally, General Manager and Director Shen Dongchu resigned due to personal health reasons Table | Name | Position Held | Type | Reason | | :--- | :--- | :--- | :--- | | Ying Jianghui | Supervisor | Resignation | Resigned due to personal reasons | | Zhao Junjun | Supervisor | Appointment | Elected by Shareholders' Meeting | | Shen Dongchu | General Manager, Director | Resignation | Resigned due to personal health reasons | [Corporate Bonds Information](index=36&type=section&id=%E7%AC%AC%E4%B9%9D%E8%8A%82%20%E5%85%AC%E5%8F%B8%E5%80%BA%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5) This section confirms the absence of outstanding corporate bonds that were publicly issued and listed on stock exchanges - The company has no publicly issued and listed corporate bonds on stock exchanges that were either unexpired or not fully redeemed by the approval date of the semi-annual report[123](index=123&type=chunk) [Financial Report](index=37&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) This section presents the company's unaudited financial statements, including the balance sheet, income statement, and cash flow statement, along with detailed notes and supplementary information [Financial Statements](index=37&type=section&id=%E4%BA%8C%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This semi-annual financial report is unaudited; the consolidated balance sheet shows total assets of **RMB 6.52 billion**, total liabilities of **RMB 3.83 billion**, and an asset-liability ratio of **58.78%**; the consolidated income statement shows total operating revenue of **RMB 1.91 billion** and net profit of **RMB 140 million**; the consolidated cash flow statement indicates net cash outflow from operating activities of **RMB 5.81 million**, net cash outflow from investing activities of **RMB 155 million**, and net cash outflow from financing activities of **RMB 28.67 million** 合并利润表摘要 (单位：元) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Total Operating Revenue | 1,913,928,835.18 | 1,535,015,250.61 | | II. Total Operating Costs | 1,733,246,409.98 | 1,317,858,423.19 | | Including: Operating Costs | 1,573,351,124.03 | 1,221,258,313.35 | | Financial Expenses | 44,746,955.29 | 13,649,270.63 | | III. Operating Profit | 186,966,325.48 | 214,820,493.48 | | IV. Total Profit | 187,808,543.65 | 215,137,287.66 | | V. Net Profit | 140,473,841.27 | 160,151,464.39 | | Net Profit Attributable to Parent Company Owners | 140,473,841.27 | 160,075,744.86 | 合并现金流量表摘要 (单位：元) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -5,809,995.55 | -433,065,418.24 | | Net Cash Flow from Investing Activities | -154,740,398.88 | -501,554,139.40 | | Net Cash Flow from Financing Activities | -28,669,873.50 | 509,854,943.65 | | Net Increase in Cash and Cash Equivalents | -189,188,216.78 | -424,797,845.44 | [Notes to Consolidated Financial Statements](index=80&type=section&id=%E4%B8%83%E3%80%81%E5%90%88%E5%B9%B6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E9%A1%B9%E7%9B%AE%E6%B3%A8%E9%87%8A) Notes to the financial statements provide detailed disclosure of each accounting item's composition; accounts receivable had an ending balance of **RMB 2.20 billion**, with bad debt provisions of **RMB 63.73 million**, primarily within one year; short-term borrowings totaled **RMB 1.67 billion**, mainly comprising guaranteed and collateralized/pledged loans; goodwill had a book value of **RMB 677 million**, primarily from the acquisitions of Jiangsu Dingyang and Shanghai Zhengyun, with no impairment provision recognized at period-end [Accounts Receivable](index=82&type=section&id=5%E3%80%81%E5%BA%94%E6%94%B6%E8%B4%A6%E6%AC%BE) Accounts receivable had an ending book balance of **RMB 2.20 billion**, with bad debt provisions of **RMB 63.73 million**, resulting in a book value of **RMB 2.14 billion**, a **43.84%** increase from the beginning of the period; the top five customers' outstanding balances totaled **RMB 1.16 billion**, accounting for **52.90%** of the total, indicating high customer concentration 按欠款方归集的期末余额前五名的应收账款情况 | Unit Name | Period-end Balance (RMB) | Proportion of Total (%) | Bad Debt Provision (RMB) | | :--- | :--- | :--- | :--- | | 第一名 | 421,716,656.43 | 19.17 | 8,434,333.13 | | 第二名 | 318,000,000.00 | 14.46 | 6,360,000.00 | | 第三名 | 153,035,063.00 | 6.96 | 1,530,350.63 | | 第四名 | 148,500,000.00 | 6.75 | 1,485,000.00 | | 第五名 | 122,267,846.50 | 5.56 | 1,222,678.47 | [Goodwill](index=98&type=section&id=27%E3%80%81%E5%95%86%E8%AA%89) Goodwill had an ending book value of **RMB 677 million**, with no changes or impairment provisions recognized; goodwill primarily arose from non-common control business combinations with Jiangsu Dingyang Green Energy Power Co., Ltd. (**RMB 370 million**), Shanghai Zhengyun New Energy Technology Co., Ltd. (**RMB 268 million**), and Zhejiang Zhongke Zhengfang Electronic Technology Co., Ltd. (**RMB 39 million**) 商誉账面原值构成 | Item Forming Goodwill | Period-end Balance (RMB) | | :--- | :--- | | Jiangsu Dingyang Green Energy Power Co., Ltd. | 369,917,536.07 | | Shanghai Zhengyun New Energy Technology Co., Ltd. | 267,998,963.90 | | Zhejiang Zhongke Zhengfang Electronic Technology Co., Ltd. | 38,655,269.72 | | **Total** | **676,571,769.73** | [Related Parties and Related Party Transactions](index=136&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E5%85%B3%E8%81%94%E6%96%B9%E5%8F%8A%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) The company's ultimate controlling party is the Lu Xiaojun family; during the reporting period, the company engaged in transactions with multiple related parties, including providing EPC construction services to related party Fengning Manchu Autonomous County Shunqi Solar Power Generation Co., Ltd., recognizing **RMB 419 million** in revenue; the company also borrowed **RMB 356 million** interest-free from its controlling shareholder, Luxiao Group Co., Ltd.; additionally, the controlling shareholder and other related parties provided multiple loan guarantees for the company 购销商品、提供和接受劳务的关联交易 | Related Party | Related Party Transaction Content | Current Period Amount (RMB) | | :--- | :--- | :--- | | Bourns Luxiao Sapphire Co., Ltd. | Crystal Rod Procurement | 1,479,607.80 | | Fengning Manchu Autonomous County Shunqi Solar Power Generation Co., Ltd. | EPC Construction | 418,509,386.71 | 关联方资金拆借 | Related Party | Borrowing/Lending Direction | Borrowing/Lending Amount (RMB) | Description | | :--- | :--- | :--- | :--- | | Luxiao Group Co., Ltd. | Borrowed | 356,000,000.00 | Provided interest-free fund borrowing/lending | [Supplementary Information](index=152&type=section&id=%E5%8D%81%E5%85%AB%E3%80%81%E8%A1%A5%E5%85%85%E8%B5%84%E6%96%99) During the reporting period, non-recurring gains and losses totaled **RMB 7.76 million**, primarily from government subsidies; after deducting non-recurring gains and losses, the company's net profit attributable to the parent company was **RMB 133 million**; the weighted average return on net assets was **5.35%**, and basic earnings per share was **RMB 0.127** 当期非经常性损益明细表 (单位：元) | Item | Amount | Description | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 776,088.00 | - | | Government Subsidies Recognized in Current P&L | 8,135,899.94 | Amortization of deferred income and government subsidies received in current period | | Other | 1,428,828.21 | - | | Less: Income Tax Impact | 2,582,308.82 | - | | **Total** | **7,758,507.33** | -- | 净资产收益率及每股收益 | Profit for the Reporting Period | Weighted Average Return on Net Assets | Basic Earnings Per Share (RMB/share) | | :--- | :--- | :--- | | Net Profit Attributable to Ordinary Shareholders of the Company | 5.35% | 0.127 | | Net Profit Attributable to Ordinary Shareholders of the Company After Deducting Non-recurring Gains and Losses | 5.06% | 0.120 | [Reference Documents Catalog](index=155&type=section&id=%E7%AC%AC%E5%8D%81%E4%B8%80%E8%8A%82%20%E5%A4%87%E6%9F%A5%E6%96%87%E4%BB%B6%E7%9B%AE%E5%BD%95) This section lists the documents available for reference, including signed financial statements, original announcements, and the semi-annual report, located at the company's Securities Investment Department - Reference documents include financial statements signed by the legal representative, original drafts of company announcements, and original copies of the semi-annual report signed by the chairman, all available at the company's Securities Investment Department[655](index=655&type=chunk)

露笑科技股份有限公司 2018 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：2018-059 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） 2018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：2018 年 04 月 25 日 1 露笑科技股份有限公司 2018 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。 公司负责人鲁永、主管会计工作负责人尤世喜及会计机构负责人(会计主管 人员)胡晓宇声明：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 2018 年第一季度报告正文 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 追溯调整或重述原因 会计政策变更 | | 本报告期 | 上年同期 | | 本报告期比上年同 | | - ...

露笑科技股份有限公司 2017 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） 2017年年度报告 证券代码：002617 证券简称：露笑科技 披露日期：2018 年 3 月 6 日 1 露笑科技股份有限公司 2017 年年度报告全文 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。 公司负责人鲁永、主管会计工作负责人尤世喜及会计机构负责人(会计主管 人员)胡晓宇声明：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。 本年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质性承 诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、 预测与承诺之间的差异。公司存在经济环境变化、国家政策调整、市场竞争激 烈、产品价格下降、毛利率下降、募投项目实施等风险，具体见本报告"经营情 况讨论与分析"中"公司未来发展的展望"部分，本公司请投资者认真阅读本报 ...

露笑科技股份有限公司 2017 年第三季度报告正文 证券代码：002617 证券简称：露笑科技 公告编号：2017-123 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） 2017年第三季度报告正文 证券代码：002617 证券简称：露笑科技 披露日期：2017 年 10 月 24 日 1 露笑科技股份有限公司 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。 公司负责人鲁永、主管会计工作负责人尤世喜及会计机构负责人(会计主管 人员)胡晓宇声明：保证季度报告中财务报表的真实、准确、完整。 | | 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） | 5,832,022,368.84 | | 3,300,418,885.38 | 76.71% | | 归属于 ...

证券代码：002617 证券简称：露笑科技 披露日期：2017 年 08 月 28 日 露笑科技股份有限公司 2017 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） 2017年半年度报告全文 1 露笑科技股份有限公司 2017 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。 公司负责人鲁永、主管会计工作负责人尤世喜及会计机构负责人(会计主管 人员)尤世喜声明：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。 本半年度报告涉及的未来计划、发展战略等前瞻性描述不构成公司对投资 者的实质承诺，敬请投资者注意投资风险。公司已在本半年度报告经营情况讨 论与分析一节中，详细描述所存在主要风险，敬请投资者关注相关内容。 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 | 目录 | | --- | | 2017 | 半年度报告 2 | ...

露笑科技股份有限公司 2017 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：2017-058 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） 2017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：2017 年 04 月 24 日 1 露笑科技股份有限公司 2017 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。 公司负责人鲁永、主管会计工作负责人尤世喜及会计机构负责人(会计主管 人员)尤世喜声明：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 2017 年第一季度报告正文 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 2016 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） 2016年年度报告 证券代码：002617 证券简称：露笑科技 披露日期：2017 年 2 月 15 日 1 露笑科技股份有限公司 2016 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。 公司负责人鲁永、主管会计工作负责人尤世喜及会计机构负责人(会计主管 人员)尤世喜声明：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。 公司存在经济环境变化、国家政策调整、市场竞争激烈、产品价格下降、 毛利率下降、募投项目实施等风险，敬请广大投资者注意投资风险。 行业提示风险：公司不适用特殊行业的披露要求。 公司经本次董事会审议通过的利润分配预案为：以 734824767 为基数，向 全体股东每 10 股派发现金红利 0.30 元（含税），送红股 0 股（含税），不以公积 金转 ...

露笑科技股份有限公司 2016 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） 2016年年度报告 证券代码：002617 证券简称：露笑科技 披露日期：2017 年 2 月 15 日 1 露笑科技股份有限公司 2016 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。 公司负责人鲁永、主管会计工作负责人尤世喜及会计机构负责人(会计主管 人员)尤世喜声明：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。 公司存在经济环境变化、国家政策调整、市场竞争激烈、产品价格下降、 毛利率下降、募投项目实施等风险，敬请广大投资者注意投资风险。 行业提示风险：公司不适用特殊行业的披露要求。 公司经本次董事会审议通过的利润分配预案为：以 734824767 为基数，向 全体股东每 10 股派发现金红利 0.30 元（含税），送红股 0 股（含税），不以公积 金转 ...

露笑科技股份有限公司 2016 年第三季度报告正文 证券代码：002617 证券简称：露笑科技 公告编号：2016-114 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） 2016 年第三季度报告 证券代码 ：002617 证券简称：露笑科技 披露日期：2016 年 10 月 21 日 1 露笑科技股份有限公司 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。 公司负责人鲁永、主管会计工作负责人尤世喜及会计机构负责人(会计主管 人员)尤世喜声明：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 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 ...