证券简称：瑞和股份 证券代码：002620 公告编号：2019-056 深圳瑞和建筑装饰股份有限公司 关于参加 2019 年深圳上市公司投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流工作，深圳瑞和建筑装饰股份有限公 司（以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络有限 公司共同举办的"改革创新发展沟通互信共赢"——深圳辖区上市公司 2019 年度投资者网上集体接待日主题活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采 取网络远程的方式举行，投资者可以登录"全景•路演天下"网站 （http://rs.p5w.net/）或关注微信公众号：全景财经，参与公司本次投资 者集体接待日活动，活动时间为 2019 年 9 月 3 日 14:00 至 18:00。 届时公司的董事、副总经理、财务负责人陈如刚先生、副总经理、董事 会秘书陈延先生将通过网络文字交流形式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳瑞和建筑装饰股份有限公司 董事会 二 ...

Financial Performance - The company's operating revenue for Q1 2019 was ¥860,051,747.16, representing a 7.85% increase compared to ¥797,487,999.86 in the same period last year[7]. - Net profit attributable to shareholders was ¥47,214,861.65, an increase of 11.20% from ¥42,459,561.76 year-on-year[7]. - Net profit for Q1 2019 reached CNY 50,340,644.57, representing a 9.4% increase from CNY 46,018,650.31 in the previous year[35]. - The total comprehensive income for Q1 2019 was CNY 47.82 million, compared to CNY 42.13 million in the same period last year, indicating a growth of about 13.5%[40]. - The company's operating profit for Q1 2019 was approximately CNY 56.26 million, an increase from CNY 49.59 million in the same period last year, representing a growth of about 13.4%[39]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,361,308,495.80, up 1.69% from ¥5,272,116,154.26 at the end of the previous year[7]. - The company's total assets as of the end of Q1 2019 amounted to CNY 4,939,796,738.30, compared to CNY 4,836,199,648.88 at the end of the previous year, indicating a growth of 2.14%[32]. - The company's total liabilities stood at CNY 2,860,057,442.60, slightly up from CNY 2,830,790,053.10, which is an increase of approximately 1.03%[26]. - Total liabilities increased to CNY 2,728,417,214.31 from CNY 2,682,227,271.72, marking a rise of 1.72%[31]. Cash Flow - The net cash flow from operating activities improved to -¥99,055,413.59, a 16.87% reduction in loss compared to -¥119,159,403.10 in the previous year[7]. - The total cash inflow from operating activities was CNY 966.94 million, up from CNY 835.60 million in the previous year, indicating a growth of about 15.7%[43]. - The cash outflow from operating activities totaled CNY 1.07 billion, compared to CNY 954.76 million in the same period last year, resulting in a net cash flow from operating activities of approximately -CNY 99.06 million[43]. - The net cash flow from operating activities was -82,763,557.76 CNY, an improvement from -140,417,682.99 CNY in the previous year[47]. Equity - The company's net assets attributable to shareholders increased by 2.60% to ¥2,244,615,268.93 from ¥2,187,815,552.94[7]. - The equity attributable to the owners of the parent company rose to CNY 2,244,615,268.93 from CNY 2,187,815,552.94, reflecting an increase of about 2.59%[27]. - The company's equity totaled CNY 2,211,379,523.99, up from CNY 2,153,972,377.16, reflecting an increase of 2.66%[32]. Expenses - Total operating costs for Q1 2019 were CNY 801,142,369.11, up from CNY 742,702,269.73, reflecting a year-over-year increase of 7.88%[33]. - Research and development expenses for Q1 2019 were CNY 22,930,944.43, compared to CNY 19,325,246.52 in the same period last year, showing an increase of 18.5%[33]. - Sales expenses decreased by ¥2,110,927.06, a reduction of 33.66%, primarily due to the loss of control over a subsidiary[14]. - The company reported a decrease in sales expenses to CNY 4,159,799.14 from CNY 6,270,726.20, a reduction of 33.6%[33]. Financing Activities - Long-term borrowings increased by ¥50,000,000.00, marking a 100% increase due to new long-term borrowings during the period[14]. - The company reported cash inflow from financing activities of CNY 300 million, an increase from CNY 180 million in the previous year, reflecting a growth of 66.7%[44]. - The net cash flow from financing activities was CNY 59.23 million, down from CNY 77.32 million in the same period last year, indicating a decrease of about 23.4%[44]. - The cash flow from financing activities included debt repayment of 230,043,465.00 CNY, which increased from 98,146,000.00 CNY year-over-year[48]. Other Information - The company reported no violations regarding external guarantees during the reporting period[17]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[18]. - The company did not engage in any research, communication, or interview activities during the reporting period[19]. - The company has not disclosed any significant events or changes in its operational strategy during the reporting period[17].

Financial Performance - The company's operating revenue for 2018 was CNY 3,613,862,347.42, representing a 20.20% increase compared to CNY 3,006,438,721.24 in 2017[15] - The net profit attributable to shareholders for 2018 was CNY 147,713,262.04, an increase of 11.45% from CNY 132,536,580.33 in 2017[15] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 160,578,306.98, up 28.23% from CNY 125,231,000.50 in 2017[15] - The basic earnings per share for 2018 was CNY 0.41, a 10.81% increase from CNY 0.37 in 2017[15] - The total assets at the end of 2018 were CNY 5,272,116,154.26, reflecting a 26.82% increase from CNY 4,157,167,242.05 at the end of 2017[15] - The net assets attributable to shareholders at the end of 2018 were CNY 2,187,815,552.94, a 4.76% increase from CNY 2,088,410,422.11 at the end of 2017[15] - The net cash flow from operating activities for 2018 was negative CNY 247,475,542.82, a significant decrease compared to positive CNY 63,427,964.19 in 2017[15] - The weighted average return on equity for 2018 was 6.92%, up from 6.51% in 2017[15] Market Dynamics - The construction decoration industry is experiencing a phase of steady development, with a notable decline in new contract signing growth in the latter half of 2018[27] - The public decoration market showed signs of sluggish growth, while residential business and full decoration performed well, indicating a shift in market dynamics[27] - The order income guarantee coefficient for leading enterprises in the industry has improved, suggesting a positive outlook for performance conversion in the sector[27] Strategic Initiatives - The company has adopted a centralized procurement model, which effectively reduces procurement costs and ensures supply chain stability[25] - Future trends in the decoration industry are expected to focus on "productization," "energy-saving," "green," and "information technology," indicating a shift towards more sustainable practices[28] - The company aims to integrate resources across the industry chain, expanding its business to include interior decoration, curtain walls, furniture, and building materials[32] - The company plans to focus on sustainable development and aims to enhance its competitive edge through six strategic initiatives, including technology and management leadership[86] Research and Development - The company has applied for a total of 185 patents and copyrights, with 119 granted, including 18 invention patents and 96 utility model patents[32] - The company has significantly increased its R&D efforts, focusing on green construction technologies and smart home integration, resulting in over 100 technological achievements[31] - R&D investment increased by 11.07% in 2018, totaling approximately CNY 106.36 million, accounting for 2.94% of operating revenue[65] - The number of R&D personnel rose to 108, a 3.85% increase from the previous year, but their proportion of total employees decreased by 4.82%[65] Corporate Governance - The company has established a comprehensive quality management system certified by ISO9001, enhancing quality control across design, construction, and acceptance phases[33] - The company has implemented an ERP information management system to shift from decentralized to centralized project management, reducing project risks[37] - The company has established a sound corporate governance structure with a shareholders' meeting as the highest authority, ensuring independence from major shareholders' interference[200] - The company operates an independent financial department with dedicated personnel, adhering to accounting laws and standards, and maintains an independent accounting system[200] Employee Engagement - The company has established a robust management team and training system, enhancing employee engagement and operational efficiency[40] - The company plans to strengthen its corporate culture to enhance employee engagement and retention, recognizing employees as central to value creation[90] - The total number of employees in the company is 676, with 381 in production, 34 in sales, 165 in technical roles, 30 in finance, and 66 in administration[189] Dividend Policy - The company plans to distribute a cash dividend of CNY 0.60 per 10 shares to all shareholders[4] - For the year 2018, the company proposes a cash dividend of RMB 0.6 per 10 shares, subject to shareholder approval, with a total cash dividend amounting to RMB 21,750,000[103] - The company's cash dividend for 2018 represents 4.11% of the total distributable profit of RMB 529,004,658.21[103] Risk Management - The company is cautious in project selection to mitigate accounts receivable risks, focusing on partnerships with financially strong and reputable enterprises[91] - The company acknowledges potential risks from real estate industry policy adjustments that may impact demand for its residential decoration services[91] - The competitive landscape in the construction decoration industry is intense, with many players and low market concentration, prompting the company to enhance its competitive advantages[92] Financial Health - The company’s asset-liability ratio remains low compared to industry peers, reflecting a stable financial structure and increased trust from financial institutions[41] - Investment projects, including a 100 MW photovoltaic power station, have started generating profits and cash flow, contributing positively to the company's financial health[42] - The company reported a decrease in sales expenses by 11.47% to approximately ¥25.72 million, primarily due to the exclusion of a subsidiary from the consolidated scope[63] Compliance and Legal Matters - The company has not experienced any major litigation or arbitration matters during the reporting period[123] - There were no significant penalties or rectification measures during the reporting period[124] - The company has fulfilled all commitments made to minority shareholders in a timely manner[113]

深圳瑞和建筑装饰股份有限公司 2018 年第三季度报告正文 证券代码：002620 证券简称：瑞和股份 公告编号：2018-058 深圳瑞和建筑装饰股份有限公司 2018 年第三季度报告正文 1 深圳瑞和建筑装饰股份有限公司 2018 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。 公司负责人叶志彪、主管会计工作负责人陈如刚及会计机构负责人(会计主 管人员)林望春声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳瑞和建筑装饰股份有限公司 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 | | --- | --- | --- | --- | --- | | 总资产（元） | 4,835,022,448.50 | 4,157,167,242.05 | | 16.3 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 1,722,023,720.93, representing a 33.12% increase compared to CNY 1,293,547,437.22 in the same period last year[17]. - The net profit attributable to shareholders was CNY 92,628,010.66, up 30.60% from CNY 70,925,287.58 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 91,544,053.29, reflecting a 34.05% increase from CNY 68,292,255.66 in the previous year[17]. - The basic earnings per share increased to CNY 0.256, a rise of 30.61% compared to CNY 0.196 in the same period last year[17]. - The company's operating costs rose to ¥1,503,292,690.59, an increase of 35.04% compared to the previous year, driven by expanded business volume[40]. - Research and development investment increased by 23.68% to ¥56,258,869.61, indicating a commitment to innovation[40]. - The company reported a total comprehensive income of 102,407,010.66 CNY for the current period, reflecting a positive performance[162]. - The company’s total equity rose to CNY 2,085,740,637.68, up from CNY 2,048,042,790.74, showing an increase of 1.8%[143]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,713,801,141.78, which is a 13.39% increase from CNY 4,157,167,242.05 at the end of the previous year[17]. - The total liabilities increased to CNY 2,346,600,141.79 from CNY 1,842,485,664.98, reflecting a rise of approximately 27.5%[138]. - The company's cash and cash equivalents at the end of the reporting period amounted to RMB 547,948,844.1, slightly up from RMB 461,774,529.65, with a marginal increase in proportion to total assets[47]. - Accounts receivable increased significantly to RMB 2,090,857,979.48 from RMB 1,886,794,052.12, which is an increase of approximately 10.8%[136]. - The company reported a short-term loan balance of RMB 635,000,000.00, which increased from RMB 480,000,000.00, representing a rise of approximately 32.3%[138]. Cash Flow - The company reported a net cash flow from operating activities of CNY -35,349,496.64, a significant decrease of 164.64% compared to CNY 54,683,667.17 in the same period last year[17]. - Cash flow from operating activities showed a net outflow of ¥35,349,496.64, a decline from a net inflow of ¥54,683,667.17 in the previous period[155]. - The net increase in cash and cash equivalents was 103,365,307.22 CNY, contrasting with a decrease of 7,189,785.25 CNY in the previous period[159]. Business Operations - The company is engaged in various construction and decoration projects, including government institutions, real estate developers, and high-end hotels, indicating a diverse business portfolio[25]. - The company has established a comprehensive management system through a five-in-one operational management model, achieving efficient management and effective marketing strategies[26]. - The company is focused on creating a brand image centered around "health, environmental protection, intelligence, and quality," which is reflected in its project management processes[27]. - The company has actively participated in the formulation of national standards for decoration and renovation materials, showcasing its commitment to industry standardization[31]. - The company is currently engaged in a renovation project for the Chinese Embassy in North Korea, with a contract value of RMB 7,888,400[45]. Strategic Initiatives - The company plans to expand its home decoration business to tap into the growing demand driven by urbanization and rising living standards[38]. - The company is focusing on strategic partnerships with clients to mitigate risks and ensure stable performance[38]. - The company is actively enhancing its qualifications and integrating technology such as BIM to adapt to industry changes and improve operational efficiency[38]. - The company is focusing on the development of new technologies and products to enhance its service offerings in the construction industry[173]. - The company aims to improve operational efficiency and reduce costs through the implementation of advanced construction techniques and management practices[173]. Shareholder and Governance - The company does not plan to distribute cash dividends or issue bonus shares for this reporting period[5]. - The controlling shareholder, Li Jieping, has provided a legally binding commitment to avoid any competition with the company during his tenure[78]. - The company guarantees that it has not invested in any businesses that are similar to its own, ensuring no conflicts of interest[79]. - The company has committed to avoiding any form of competition with its existing business and products, ensuring no investments in similar businesses[77]. Compliance and Reporting - The company's semi-annual report for 2018 is unaudited[87]. - There were no significant litigation or arbitration matters during the reporting period[89]. - The integrity status of the company and its controlling shareholders is good, with no unfulfilled court judgments or significant overdue debts[91]. - The financial statements comply with the requirements of the accounting standards and accurately reflect the company's financial position as of June 30, 2018[181].

Financial Performance - The company's operating revenue for 2017 was CNY 3,006,438,721.24, representing a 23.38% increase compared to CNY 2,436,680,172.89 in 2016[17]. - The net profit attributable to shareholders for 2017 was CNY 132,536,580.33, a 39.58% increase from CNY 94,952,679.10 in 2016[17]. - The net cash flow from operating activities improved significantly to CNY 63,427,964.19, compared to a negative cash flow of CNY -53,249,291.20 in 2016, marking a 219.12% increase[17]. - Basic earnings per share for 2017 were CNY 0.37, up 42.31% from CNY 0.26 in 2016[17]. - The company reported a weighted average return on equity of 6.51% for 2017, slightly up from 6.20% in 2016[17]. - The company achieved an operating revenue of ¥3,006,438,721.24, representing a year-on-year growth of 23.38%[48]. - The net profit attributable to shareholders reached ¥132,536,580.33, an increase of 39.58% compared to the previous year[48]. - The basic earnings per share were ¥0.37, reflecting a year-on-year increase of 42.31%[48]. - The company’s cash flow from operating activities was ¥63,427,964.19, a significant improvement from a negative cash flow of ¥53,249,291.20 in the previous year[48]. Assets and Liabilities - Total assets at the end of 2017 reached CNY 4,157,167,242.05, an increase of 11.43% from CNY 3,730,699,394.94 at the end of 2016[18]. - The net assets attributable to shareholders increased by 5.01% to CNY 2,088,410,422.11 from CNY 1,988,793,430.39 in 2016[18]. - The company's total assets included accounts receivable of ¥1,886,794,052, which accounted for 45.39% of total assets, up from 36.16% in 2016[77]. - The cash and cash equivalents decreased by 10.58% to ¥439,999,746.14 from ¥457,673,536.23 in the previous year[76]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of CNY 1.50 per 10 shares, totaling CNY 54,375,000 based on 3.625 billion shares[5]. - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares, totaling RMB 54,375,000 for the year 2017, which represents 41.03% of the net profit attributable to shareholders[106]. - The company’s net profit for 2017 was RMB 132,536,580.33, with a cash dividend payout ratio of 41.03%[110]. - The total number of ordinary shareholders at the end of the reporting period was 24,125, a decrease from 24,852 at the end of the previous month[165]. Business Operations and Market Position - The company engaged in various construction and decoration projects, including government institutions and high-end hotels, maintaining a comprehensive qualification in the decoration industry[27]. - The company has established a centralized procurement platform to ensure fast supply and low costs for materials, enhancing operational efficiency[28]. - The company has received multiple awards, including two Luban Awards and six National Decoration Awards, reflecting its strong industry position[31]. - The company is recognized as one of the top ten in the "China Building Decoration Industry Top 100" rankings, highlighting its competitive edge[31]. - The company is actively participating in the standardization of the construction decoration industry, having led or participated in the development of multiple industry standards[42]. Research and Development - The company has developed 145 patents and copyrights, including 17 authorized invention patents, 91 utility model patents, 4 design patents, and 1 software copyright, with 32 patents currently under review[36]. - The company has increased its R&D efforts, focusing on green and healthy indoor environments, precision construction, and green construction technologies, which has led to over 100 technological achievements[35]. - The company is actively pursuing R&D in construction decoration technology and has applied for an international patent related to BIM technology[52]. - The company has established a health and environmental standard system integrated with "RH+VR+BIM+ERP" for its home decoration business[47]. Management and Governance - The company has established a stable management system and internal control, but faces challenges in management due to business expansion and diversification into the photovoltaic power generation sector[100]. - The company has implemented a standardized management system to support project management and ensure high-quality service delivery[99]. - The company has a structured approach to governance with a clear delineation of roles among its board members[193]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 4.2732 million[193]. Future Plans and Strategies - The company aims to leverage technological advancements to support market expansion and enhance brand recognition in the high-tech era[73]. - The company plans to adjust the construction content of the Ruihe construction materials processing project due to changes in market conditions[83]. - The company is actively preparing for the construction of a customized O2O platform and upgrading its marketing network[84]. - The company aims to innovate and differentiate itself to escape low-price competition and achieve rapid breakthroughs[92]. - The company plans to establish a home experience center to showcase its high-end home decoration offerings and enhance brand visibility[96]. Compliance and Legal Matters - The company has not faced any major litigation due to quality issues as of the report date[39]. - The company has not reported any major changes in the scope of consolidated financial statements compared to the previous year[126]. - The company has fulfilled all commitments made to minority shareholders in a timely manner[121]. - There were no major lawsuits or arbitration matters during the reporting period[130].

Financial Performance - The company's operating revenue for 2017 was CNY 3,006,438,721.24, representing a 23.38% increase compared to CNY 2,436,680,172.89 in 2016[17] - The net profit attributable to shareholders for 2017 was CNY 132,536,580.33, a 39.58% increase from CNY 94,952,679.10 in the previous year[17] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 125,231,000.50, up 33.33% from CNY 93,923,163.80 in 2016[17] - The net cash flow from operating activities improved significantly to CNY 63,427,964.19, compared to a negative cash flow of CNY -53,249,291.20 in 2016, marking a 219.12% increase[17] - Basic earnings per share for 2017 were CNY 0.37, a 42.31% increase from CNY 0.26 in 2016[17] - Total assets at the end of 2017 were CNY 4,157,167,242.05, an increase of 11.43% from CNY 3,730,699,394.94 at the end of 2016[18] - The net assets attributable to shareholders increased by 5.01% to CNY 2,088,410,422.11 from CNY 1,988,793,430.39 in 2016[18] - The company reported a quarterly revenue of CNY 911,702,207.35 in Q4 2017, showing a consistent growth trend throughout the year[21] Industry Overview - The overall construction decoration industry in China achieved a total output value of 3.66 trillion, with a year-on-year growth of 7.5%[29] - The average profit margin for the industry was approximately 1.9%, reflecting a slight decrease of 0.1 percentage points from 2015[29] - The residential decoration market is expected to grow significantly, with policies promoting full decoration gradually being implemented across various provinces[30] - The construction decoration industry is characterized by a "large market, small enterprises" competitive landscape, with low industry concentration remaining unchanged[29] Company Strategy and Operations - The company engaged in various construction and decoration projects, including government institutions and high-end hotels, maintaining a comprehensive qualification in the decoration industry[27] - The company has established a centralized procurement platform to ensure fast supply and low costs for materials, enhancing operational efficiency[28] - The company aims to leverage new technologies and processes to create a brand focused on health, sustainability, and energy efficiency[28] - The company has implemented a comprehensive quality management system certified by ISO9001, enhancing quality control across design, construction, and acceptance phases[37] - The company has adopted a centralized management model through ERP systems, reducing project risks and improving procurement efficiency[42] - The project supervision responsibility system was introduced to improve project management, ensuring quality, quantity, and timely completion of projects[51] Research and Development - The company has developed 145 patents and copyrights, including 17 authorized invention patents, 91 utility model patents, 4 design patents, and 1 software copyright, with 32 patents currently under review[36] - The company has increased its R&D efforts, focusing on green and healthy indoor environments, precision construction, and green construction technologies, resulting in over 100 technological achievements[35] - The company has established a professional BIM technology team, significantly enhancing its digital construction capabilities[35] - The company has made significant advancements in technology research and development, including the application for an international patent related to BIM technology[52] - The company is collaborating with the PLA Information Engineering University to develop construction robots, indicating a focus on innovative technology[54] Marketing and Customer Relations - The company has established a robust marketing strategy focusing on "design and construction integration," enhancing customer relationships and expanding its market presence with major clients like China Resources and Country Garden[49] - The company is actively promoting green construction technologies in response to national energy-saving policies, focusing on standardized design and factory production[47] - The company is expanding its market network to capture opportunities in the growing home decoration market, launching the "Ruihe Healthy Home" brand[96] - The marketing strategy is centered on leveraging opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area, with a focus on high-end sample projects[93] Financial Management - The company has implemented rigorous financial management practices, focusing on project fund supervision and risk control, which have shown initial effectiveness[54] - The company has established a legal risk prevention mechanism to improve contract review processes and reduce operational risks[58] - The company has included new subsidiaries in its consolidation scope, including Ningbo Ruihe Home World Network Technology Co., Ltd.[69] - The company has committed to invest RMB 111,991.56 million in various projects, with a cumulative investment of RMB 111,423.39 million by the end of the reporting period, achieving an investment progress of 99.5%[82] Shareholder and Governance - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares, totaling RMB 54,375,000, which represents 41.03% of the net profit attributable to ordinary shareholders for 2017[106] - The company has fulfilled all commitments made by actual controllers, shareholders, and related parties during the reporting period[112] - The company has established a stable management system and internal control, but faces challenges in management mode, talent reserve, and market expansion due to business diversification into the photovoltaic power generation sector[100] - The company has not reported any major changes in accounting policies or estimates compared to the previous financial report[123] Employee Management - The total number of employees in the company is 503, with 247 in production, 40 in sales, 127 in technical roles, 35 in finance, and 54 in administration[195] - The company has implemented a training program that combines corporate strategic goals with employee career development needs[197] - The company emphasizes performance-based compensation, linking employee salaries to job responsibilities and performance[196] - The company provides a comprehensive labor protection plan, including various types of insurance and housing funds for employees[196] Legal and Compliance - The company has not faced any major litigation due to quality issues as of the report date[39] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[122] - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[135] - The company has not reported any commitments regarding share reduction by its controlling shareholder or actual controller during the reporting period[172]

Financial Performance - The company's operating revenue for Q1 2018 was ¥797,487,999.86, representing a 42.11% increase compared to ¥561,182,513.13 in the same period last year[8] - Net profit attributable to shareholders was ¥42,459,561.76, up 31.58% from ¥32,268,829.89 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥43,890,505.87, reflecting a 36.89% increase from ¥32,063,591.93 in the previous year[8] - Basic earnings per share increased to ¥0.12, a rise of 33.33% from ¥0.09 in the previous year[8] - The total profit for the period was CNY 49,565,453.40, representing a 43.3% increase from CNY 34,604,287.30 in Q1 2017[50] - The company reported investment income of CNY 337,534.25, up from CNY 124,684.94 in the previous year, marking a 170.5% increase[50] - The total comprehensive income for Q1 2018 was CNY 46,018,650.31, compared to CNY 37,041,510.17 in Q1 2017, reflecting a growth of 24.2%[48] - The company’s operating profit for the quarter was CNY 49,574,098.37, an increase of 43.8% from CNY 34,487,515.82 in the same period last year[50] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥119,159,403.10, worsening by 199.74% compared to a net outflow of ¥39,754,657.55 in the same period last year[8] - The net cash flow from operating activities decreased by ¥79,404,745.55, a decline of 199.74%, primarily due to increased payments for engineering project materials and labor costs[18] - The net cash flow from investing activities increased by ¥152,530,616.45, an increase of 105.67%, mainly due to the redemption of bank principal-protected financial products during the period[18] - The net cash flow from financing activities increased by ¥80,279,942.48, an increase of 2,709.01%, primarily due to an increase in short-term borrowings during the period[18] - The net cash flow from operating activities was -140,417,682.99 CNY, compared to -87,867,682.33 CNY in the previous period, indicating a decline in operational cash flow[58] - Total cash inflow from operating activities was 818,265,052.31 CNY, up from 642,559,395.39 CNY, reflecting a growth of approximately 27.4%[57] - Cash outflow from operating activities totaled 958,682,735.30 CNY, compared to 730,427,077.72 CNY, representing an increase of about 31.2%[58] - The net cash flow from investing activities was 30,641,483.89 CNY, a significant improvement from -99,927,012.06 CNY in the previous period[58] - The net cash flow from financing activities was 77,316,504.96 CNY, compared to -2,963,437.52 CNY in the previous period, marking a positive turnaround[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,205,809,660.85, a 1.17% increase from ¥4,157,167,242.05 at the end of the previous year[8] - The net assets attributable to shareholders increased to ¥2,133,402,853.02, up 2.15% from ¥2,088,410,422.11 at the end of the previous year[8] - The total liabilities increased slightly to CNY 1,842,576,564.32 from CNY 1,842,485,664.98, showing a marginal rise in liabilities[40] - The total equity attributable to shareholders of the parent company rose to CNY 2,133,402,853.02 from CNY 2,088,410,422.11, indicating an increase in shareholder equity[41] Operational Highlights - Operating costs rose by 44.82% to ¥697,513,485.54, primarily due to business expansion[16] - Financial expenses increased by 179.54% to ¥7,470,526.04, mainly due to increased borrowing costs from short-term loans[16] - The increase in construction decoration business revenue is a key reason for the expected profit growth[29] - The company continues to focus on expanding its market presence and enhancing operational efficiency through strategic initiatives[46] Shareholder and Compliance Information - The company has committed to not infringe on the interests of the company and its shareholders through non-public commitments[27] - The company has no violations regarding external guarantees during the reporting period[30] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[31] - The company is actively engaging with institutional investors to discuss operational conditions[33] Current Assets - The company reported a total current assets of CNY 2,890,813,493.51 as of March 31, 2018, compared to CNY 2,850,690,850.01 at the beginning of the period[38] - Cash and cash equivalents decreased to CNY 406,340,082.48 from CNY 439,999,746.14[38] - Accounts receivable increased to CNY 1,853,595,122.14 from CNY 1,886,794,052.12[38] - Inventory increased to CNY 216,075,978.19 from CNY 204,128,488.55[38] Earnings and Profitability - The net profit attributable to shareholders for the first half of 2018 is expected to increase by 30.00% to 60.00%, ranging from CNY 92.20 million to CNY 113.48 million compared to CNY 70.93 million in the same period of 2017[29] - The company reported a net profit margin improvement, although specific profit figures were not disclosed in the provided content[46]

深圳瑞和建筑装饰股份有限公司 2017 年第三季度报告正文 证券代码：002620 证券简称：瑞和股份 公告编号：2017-049 深圳瑞和建筑装饰股份有限公司 2017 年第三季度报告正文 1 深圳瑞和建筑装饰股份有限公司 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。 公司负责人叶志彪、主管会计工作负责人陈如刚及会计机构负责人(会计主 管人员)林望春声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳瑞和建筑装饰股份有限公司 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 对公司根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义界定的非经常性损益项目，以及把《公 开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常性损益项目界定为经常性损益的项目，应 说明原因 □ 适用 √ 不适用 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥1,293,547,437.22, representing a 26.17% increase compared to ¥1,025,203,166.15 in the same period last year[17]. - The net profit attributable to shareholders was ¥70,925,287.58, which is a 31.67% increase from ¥53,867,696.38 in the previous year[17]. - The net cash flow from operating activities increased by 67.13% to ¥54,683,667.17, up from ¥32,719,476.94 in the same period last year[17]. - The basic earnings per share rose to ¥0.196, reflecting a 33.33% increase compared to ¥0.147 in the previous year[17]. - Total assets at the end of the reporting period were ¥3,982,215,700.76, a 6.74% increase from ¥3,730,699,394.94 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 2.13% to ¥2,031,167,634.97 from ¥1,988,793,430.39 at the end of the previous year[17]. - The company's operating costs increased by 26.65% to ¥1,113,243,875.51, up from ¥878,996,929.43 in the same period last year[39]. - Research and development investment rose by 18.20% to ¥45,487,526.04, compared to ¥38,484,929.31 in the previous year[39]. - The company reported a total revenue of 1,013.68 million CNY for the period, representing a 0.99% increase compared to the previous year[89]. Strategic Initiatives - The company is actively expanding into the photovoltaic industry, with the Anhui Jinzhai 100 MW and Jiangxi Xinfeng 30 MW photovoltaic power stations gradually entering operation[33]. - The company has implemented an ERP information management system to enhance project management and reduce risks[27]. - The company has established a centralized procurement management system to lower material costs and improve overall competitiveness[27]. - The company is focusing on innovation in green construction technology and has formed partnerships with universities for joint research[28]. - The company is exploring the application of BIM technology in project management to enhance operational efficiency[33]. - The company plans to improve its management capabilities and accelerate market expansion while addressing external competitive pressures[34]. - The company aims to enhance its marketing capabilities and brand expansion to capture greater market share in a competitive environment[35]. - The company plans to integrate resources for seamless connection between public and residential decoration, aiming to lead in the smart city construction sector[36]. - The company is focusing on optimizing its management and operational processes to improve efficiency and risk management capabilities[36]. - The company is actively pursuing talent acquisition and training to support its rapid development and enhance its workforce quality[37]. - The company is strategically aligning with national industrial policies to identify new growth points and optimize its industrial structure[36]. Financial Management and Investments - The company reported a significant increase in management expenses by 63.88% to ¥44,212,891.13, mainly due to the addition of new subsidiaries[39]. - The company has a fixed asset value of CNY 876,616,227.72, which constitutes 22.01% of total assets[44]. - The company plans to continue utilizing raised funds for ongoing projects, including the construction of the Shantou Ruihe Industrial Park[52]. - The total committed investment for the Ruihe Industrial Park project is CNY 19,898 million, with a cumulative investment of CNY 17,435.93 million, achieving 87.63% of the planned investment by December 31, 2017[54]. - The company has utilized CNY 14,000 million of the oversubscription funds to acquire 100% equity of Shenzhen Aviation Hotel[55]. - The company has permanently supplemented working capital with CNY 5,000 million from the oversubscription funds in 2012[55]. - The total investment in committed projects amounts to CNY 112,036.5 million, with a cumulative investment of CNY 99,663.85 million as of the reporting period[54]. - The company utilized a total of 170 million yuan of idle raised funds to temporarily supplement working capital by June 30, 2017[57]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The total share capital increased to 362,500,000 shares after a capital reserve conversion, with a distribution of cash dividends of ¥2.5 per 10 shares[108]. - The number of shareholders holding ordinary shares at the end of the reporting period was 22,288[112]. - The proportion of restricted shares decreased from 35.34% to 33.62% after a reduction of 2,498,790 shares[106]. - The total number of unrestricted shares increased from 93,751,860 to 96,250,650 shares, representing 66.38% of total shares[106]. - The company reported a decrease in the number of restricted shares held by executives, with a total of 2,508,240 shares released during the reporting period[110]. - The largest shareholder, Shenzhen Ruizhan Industrial Development Co., Ltd., holds 29,508,030 shares, accounting for 20.35% of total shares[113]. - The chairman, Li Jieping, holds 30,522,370 shares, with no changes during the reporting period[120]. Risk Management - The company has acknowledged potential risks in its future operations as outlined in the report[4]. - The company is actively responding to risks associated with accounts receivable by being more cautious in project selection and increasing collaboration with high-quality enterprises[68]. - The company has established a stable management system and internal control mechanisms to address operational management risks as it expands its business scale[68]. - The company anticipates facing intensified competition in the solar photovoltaic industry due to increasing market entrants and is committed to maintaining its market share[70]. Compliance and Governance - The company has committed to not infringe on the interests of shareholders and to adhere to internal control management requirements[83]. - The company has not faced any penalties or corrective actions during the reporting period[87]. - The company has ensured that its commitments are legally binding and will take responsibility for any breaches that may harm its interests[80]. - The company has not invested in any businesses that compete with its existing operations, ensuring no conflicts of interest[78]. Future Outlook - The company's net profit for the first nine months of 2017 is expected to increase by 30% to 60%, ranging from 9,792.38 to 12,052.16 million RMB, compared to 7,532.6 million RMB in the same period of 2016[66]. - The increase in revenue is attributed to the growth in the construction decoration business and the expected benefits from the grid-connected power generation in the photovoltaic business[66]. - The company expects to operate normally for the next 12 months, indicating no significant uncertainty regarding its ability to continue as a going concern[174].