Financial Performance - Operating revenue for the reporting period was ¥38,093,692.84, a decrease of 6.88% year-on-year, while revenue for the year-to-date was ¥90,685,964.92, down 15.74%[7] - Net profit attributable to shareholders was -¥6,246,353.90, a decline of 278.45% compared to the same period last year, with year-to-date net profit at -¥10,412,310.46, down 787.25%[7] - The basic earnings per share for the reporting period was -¥0.0416, a decrease of 278.54% year-on-year, and diluted earnings per share were also -¥0.0416[7] - The company expects a net profit for 2019 to be in the range of -¥2,800 million to -¥2,000 million, indicating a significant decline from the previous year's profit of ¥406.49 million[20] - The net profit for the period was a loss of ¥10,412,310.46, compared to a loss of ¥1,173,547.27 in the previous period, indicating a significant decline in profitability[48] - The total comprehensive income for the period was a loss of ¥10,412,310.46, compared to a loss of ¥1,173,547.27 in the previous period[49] Cash Flow - The net cash flow from operating activities was ¥2,942,467.73, an increase of 8.86% compared to the previous year, while year-to-date cash flow decreased by 14.86% to ¥15,192,339.98[7] - The net cash flow from operating activities decreased by 14.86% to ¥1,519.23 million, primarily due to lower sales leading to reduced cash receipts[16] - The net cash flow from operating activities for Q3 2019 was CNY 15,192,339.98, a decrease of 15% compared to CNY 17,843,720.14 in Q3 2018[56] - The company reported a total cash inflow from operating activities of CNY 129,356,542.97, compared to CNY 124,310,415.53 in Q3 2018, reflecting a growth of approximately 2.5%[56] - The net cash flow from financing activities was CNY 9,525,276.04, compared to a negative cash flow of CNY 347,741.69 in Q3 2018, indicating a significant improvement[61] Assets and Liabilities - Total assets at the end of the reporting period reached ¥636,232,676.52, an increase of 2.59% compared to the end of the previous year[7] - Current assets increased to CNY 345,985,380.36 as of September 30, 2019, compared to CNY 336,968,993.06 at the end of 2018, reflecting a growth of approximately 3.0%[29] - Total non-current assets reached CNY 290,247,296.16, up from CNY 283,195,155.89, indicating a growth of about 2.5%[30] - Total liabilities increased to CNY 121,814,937.81 from CNY 95,334,099.78, reflecting a rise of approximately 27.8%[31] - Owner's equity decreased to CNY 514,417,738.71 from CNY 524,830,049.17, showing a decline of about 2.0%[32] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,265[11] - The largest shareholder, He Quanbo, holds 28.12% of the shares, amounting to 42,187,466 shares, which are pledged[11] Operational Metrics - The company's cash and cash equivalents increased by 80.34% to ¥71,321.8 million, primarily due to the redemption of previous year's financial products worth ¥29 million[15] - Accounts receivable decreased by 34.32% to ¥48,611.9 million, attributed to a decline in sales and reduced receipt of notes[15] - Inventory rose by 54.93% to ¥98,321.3 million, mainly due to longer production cycles and unfinished products awaiting customer inspection[15] - Total operating costs increased to CNY 43,445,915.27, up 10.0% from CNY 39,123,607.51 in the previous year[39] - Research and development expenses were CNY 1,795,804.68, slightly up from CNY 1,739,292.97 in the same period last year[39] Other Income and Investments - The company reported a 116.24% increase in investment income to ¥47.40 million, due to higher returns from financial products[16] - The company reported a 688.20% increase in other income to ¥14.03 million, mainly due to increased penalties from suppliers[16] - The company completed a capital increase of ¥40 million to its wholly-owned subsidiary, Zhejiang Shinko, raising its registered capital from ¥10 million to ¥50 million[17]

Financial Performance - The company's operating revenue for the first half of 2019 was ¥52,592,272.08, a decrease of 22.18% compared to ¥67,580,013.63 in the same period last year[17]. - The net profit attributable to shareholders was a loss of ¥4,165,956.56, representing a decline of 34.49% from a loss of ¥3,097,573.79 in the previous year[17]. - The net cash flow from operating activities was ¥12,249,872.25, down 19.09% from ¥15,140,770.17 in the same period last year[17]. - The company reported a basic earnings per share of -¥0.0278, a decrease of 34.30% compared to -¥0.0207 in the same period last year[17]. - The company reported an operating profit of -4.21 million yuan, a decline of 61.56% year-on-year[36]. - The company reported a total comprehensive income of -3,288,602 for the first half of 2019[159]. - The total comprehensive income for the first half of 2019 was -¥4,165,956.56, compared to -¥3,097,573.79 in the first half of 2018, indicating a worsening overall financial position[136]. Assets and Liabilities - The total assets at the end of the reporting period were ¥720,398,942.77, an increase of 16.16% from ¥620,164,148.95 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 0.79% to ¥520,664,092.61 from ¥524,830,049.17 at the end of the previous year[17]. - Total liabilities reached CNY 199,734,850.16, up from CNY 95,334,099.78, indicating a rise of about 109.5%[127]. - Current liabilities totaled CNY 180,167,452.43, compared to CNY 75,559,538.79, which is an increase of approximately 138.3%[126]. - Cash and cash equivalents surged to CNY 169,357,763.63 from CNY 37,700,853.62, representing an increase of approximately 348.5%[129]. - Inventory increased significantly to CNY 93,436,296.84 from CNY 63,462,974.11, reflecting a growth of approximately 47.2%[125]. Cash Flow - The net cash flow from operating activities for the first half of 2019 was CNY 12,249,872.25, a decrease of 19.5% compared to CNY 15,140,770.17 in the same period of 2018[144]. - The net cash flow from investment activities was CNY 9,767,950.67, a significant improvement from a negative CNY 2,873,618.54 in the first half of 2018[144]. - Cash inflow from financing activities increased to CNY 99,000,000.00, up 23.8% from CNY 80,000,000.00 in the first half of 2018[145]. - The net increase in cash and cash equivalents for the period was CNY 120,812,800.64, compared to CNY 92,040,085.53 in the same period last year, marking a 31.3% increase[145]. Operational Focus and Strategy - The company continues to focus on the research, production, and sales of thick-walled sliding bearings and related components, with over 200 specifications across six major series[24]. - The company is focusing on cost reduction and efficiency improvement, implementing detailed budget management to enhance economic benefits[37]. - The company is advancing its automation production lines, including universal milling and turning composite processing centers, to accelerate the transformation and upgrading of bearing manufacturing processes[36]. - The company operates under a made-to-order production model, reflecting the diverse needs of different main engine equipment[27]. Risks and Challenges - The company faces certain risks in its future operations, which are detailed in the report[4]. - The company faces risks from market competition, with increased investments from domestic competitors in advanced production equipment and technology, which could impact market share if the company fails to maintain its technological edge[75]. - The company is addressing the risk of customer concentration by increasing the development of new products and expanding its customer base to reduce dependency on major clients[75]. - The bearing industry in China is experiencing challenges such as low-level expansion and reliance on imported high-end bearings, necessitating structural adjustments and technological upgrades[28]. Investment and Projects - The company has invested a total of 49.73 million yuan in the sliding bearing production line renovation project, with 31.70 million yuan permanently supplemented for working capital, achieving 100% of the planned investment[63]. - The company has decided to terminate the "Sliding Bearing Production Line Technical Transformation Project" to prevent overcapacity and improve the efficiency of raised funds, reallocating the remaining funds to supplement working capital[67]. - The company has slowed down the investment in the "Deck Machinery R&D Center Construction Project" due to significant delays in progress and the need to enhance funding efficiency[67]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,504[109]. - The largest shareholder, He Quanbo, holds 28.12% of the shares, totaling 42,187,466 shares, which are pledged[109]. - The second-largest shareholder, Beijing Huachuang Yiseng Asset Management Center, holds 13.76% of the shares, totaling 20,643,750 shares, which are also pledged[109]. - The company's total share capital remains at 150,000,000 shares, with 149,418,750 shares being unrestricted[107]. Regulatory and Compliance - The half-year financial report has not been audited[83]. - The company does not belong to the key pollutant discharge units as per environmental protection regulations[100]. - There are no significant related party transactions during the reporting period[89]. - The company has not encountered any significant changes in the feasibility of the projects as of the reporting date[66].

Financial Performance - The company's operating revenue for 2018 was ¥161,873,826.64, a decrease of 7.05% compared to ¥174,156,219.05 in 2017[16] - The net profit attributable to shareholders for 2018 was ¥4,064,904.36, down 24.90% from ¥5,412,456.91 in 2017[16] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,299,666.05, a decline of 60.73% compared to ¥3,309,374.30 in 2017[16] - The basic earnings per share for 2018 was ¥0.0271, a decrease of 24.93% from ¥0.0361 in 2017[16] - The total revenue for 2018 reached CNY 156,005,429.02, representing a year-on-year increase of 24.48% compared to CNY 117,814,101.87 in 2017[53] - The net profit from investment activities was negative at -¥57,128,226.21, a decline of 594.50% compared to the previous year[66] - The company reported a total revenue of 187,014,528.51 CNY for the year, with accounts receivable amounting to 132,382,464.49 CNY[103] Cash Flow and Investments - The net cash flow from operating activities increased significantly by 309.76% to ¥23,804,251.87 from ¥5,809,386.37 in 2017[16] - The total investment cash outflow increased significantly by 317.20% to ¥167,541,342.65, reflecting higher payments for machinery and equipment[66] - The cash and cash equivalents decreased by ¥33,604,569.94, a decline of 966.38%, mainly due to increased investments in fixed assets and financial products[66] - The company utilized a total of RMB 70,355,987.40 from the raised funds, including RMB 56,987,295.40 for repaying bank loans and RMB 12,059,492.00 for land payments and taxes[80] Research and Development - The company has established a strong research and development capability, maintaining industry-leading technology levels through partnerships with domestic universities[37] - R&D expenditure increased by 19.93% to CNY 8.78 million, reflecting the company's commitment to innovation[47] - The company holds 57 patents, including 50 utility model patents and 7 invention patents, indicating a strong focus on innovation[64] - The company has two R&D projects in the acceptance phase, indicating ongoing advancements in product development[64] Market Position and Product Development - The company is recognized as a key player in the thick-walled sliding bearing sector in China, holding a leading position in sales revenue, market share, and technological development[33] - The company has a diverse product range with over 200 specifications across six major series of thick-walled sliding bearings, catering to high-speed, heavy-load, and high-precision machinery[25] - The company plans to continue expanding its product lines and enhancing its market presence through new technology development and strategic initiatives[55] - The company aims to optimize customer and product structures to improve product added value and accelerate industry upgrades[87] Operational Challenges - The company faces challenges in the bearing industry, including low-end competition and reliance on imported high-end bearings, necessitating structural adjustments and technological upgrades[31] - The company is exposed to risks from concentrated major customers, which could negatively impact operations if demand decreases[92] - The company acknowledges technology risks related to meeting increasing quality and process demands from downstream industries[93] Governance and Compliance - The company has maintained a continuous relationship with Tianjian Accounting Firm for 10 years, with the current audit fee set at 850,000 CNY[107] - The company has been proactive in ensuring compliance with regulatory requirements, as evidenced by the measures taken following past violations[160] - The company has a total of 3 supervisory board members and 6 senior management personnel, indicating a structured governance framework[154] Shareholder Information - The total number of shares is 150,000,000, with 99.61% being unrestricted shares[136] - The largest shareholder, He Quanbo, holds 28.12% of the shares, totaling 42,187,466 shares, all of which are pledged[139] - The company has not distributed cash dividends or increased share capital from capital reserves in the past three years, including the current reporting period[96] Employee and Management Structure - The total number of employees in the company is 479, with 449 in the parent company and 30 in major subsidiaries[166] - The company has implemented a performance appraisal system and provides various types of training to enhance employees' professional skills[168][169] - The company has a total remuneration of 25 million CNY for the chairman and general manager, He Jiannan[164] Social Responsibility and Environmental Compliance - The company has actively fulfilled its social responsibilities, focusing on economic and social benefits[127] - The company does not belong to the key pollutant discharge units as per environmental protection regulations[127]

申科滑动轴承股份有限公司 2019 年第一季度报告全文 申科滑动轴承股份有限公司 2019 年第一季度报告 2019 年 04 月 申科滑动轴承股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人何建南、主管会计工作负责人谢昶及会计机构负责人(会计主管 人员)何碧君声明：保证季度报告中财务报表的真实、准确、完整。 2 申科滑动轴承股份有限公司 2019 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 1 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 24,600,983.10 | 25,134,999.10 | -2.12% | | 归属于上市公司股东的净利润（元） | -1,252,176.60 | -3,800,757 ...

Financial Performance - Operating revenue for the reporting period was ¥40,907,927.12, reflecting a year-on-year increase of 2.82%[8] - Net profit attributable to shareholders was ¥3,500,309.68, a significant increase of 74.20% compared to the same period last year[8] - Basic earnings per share were ¥0.0233, up 73.88% from the previous year[8] - The weighted average return on net assets was 0.67%, an increase of 0.39 percentage points compared to the previous year[8] - The company expects a net profit for 2018 to range between RMB 3.80 million and RMB 6.50 million, reflecting a decrease of 29.79% to an increase of 20.09% compared to 2017[17] Cash Flow and Assets - The net cash flow from operating activities was ¥2,702,949.97, representing a substantial increase of 188.36% year-on-year[8] - The company's cash and cash equivalents decreased by 41.08% to RMB 44.03 million due to the investment of RMB 30 million in financial products[15] - The net cash flow from operating activities increased by 20.35% to RMB 17.84 million, due to higher cash receipts from sales[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,860[11] - The top three shareholders held a combined 55.00% of the company's shares, with the largest shareholder owning 28.12%[11] Non-Operating Income and Expenses - Non-operating income for the year-to-date amounted to ¥409,749.62, primarily from government subsidies and investment income[9] - Management expenses rose by 29.46% to RMB 15.92 million, mainly due to increased personnel costs[15] Investments and Prepayments - Prepayments increased by 77.75% to RMB 2.55 million, primarily due to an increase in material prepayments[15] - Other current assets surged by 12,068.89% to RMB 30.24 million, attributed to funds for purchasing financial products[15] - Investment income increased significantly by 2,390.91% to RMB 0.22 million, resulting from returns on financial products[15] - The company has invested RMB 3 million in financial products from idle funds, with no overdue amounts reported[21] Strategic Changes - The company reported no significant changes in its strategy regarding mergers and acquisitions or market expansion during the reporting period[14] - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[19]

Financial Performance - The company's operating revenue for the first half of 2018 was ¥67,580,013.63, a decrease of 1.90% compared to ¥68,890,355.49 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was -¥3,097,573.79, representing a decline of 33.51% from -¥2,320,181.82 in the previous year[17]. - The net cash flow from operating activities was ¥15,140,770.17, down 15.35% from ¥17,885,606.58 in the same period last year[17]. - Total revenue for the reporting period was ¥67,580,013.63, a decrease of 1.90% compared to ¥68,890,355.49 in the same period last year[42]. - The net profit for the first half of 2018 was a loss of ¥3,097,573.79, compared to a loss of ¥2,320,181.82 in the previous year, indicating a worsening of 33.4%[136]. - The total comprehensive income for the period was -¥3,097,573.79, compared to -¥2,320,181.82 in the same period last year[136]. Assets and Liabilities - Total assets at the end of the reporting period were ¥694,355,275.54, an increase of 13.25% from ¥613,105,054.52 at the end of the previous year[17]. - The company's cash and cash equivalents at the end of the reporting period were ¥168,159,605.82, a decrease of 1.27% from the previous year[51]. - Accounts receivable increased to ¥122,803,155.28, representing 17.69% of total assets, due to reduced recovery efforts in the first half of 2018[51]. - Current liabilities rose significantly to CNY 156,666,813.57 from CNY 72,049,355.52, marking an increase of about 117.5%[128]. - The company's total liabilities reached CNY 176,687,704.52, up from CNY 92,339,909.71, which is an increase of approximately 91.5%[128]. Revenue Breakdown - Revenue from large and medium-sized electric motors and large machinery decreased by 10.19% to ¥31,665,978.29, accounting for 46.86% of total revenue[42]. - Revenue from power generation equipment increased by 9.25% to ¥34,087,409.48, representing 50.44% of total revenue[42]. - The DQY end-cap sliding bearing series saw a revenue increase of 13.29% to ¥15,094,581.08, accounting for 22.34% of total revenue[42]. - The 600MW bearing series experienced a revenue growth of 51.16% to ¥13,506,464.60, with a gross margin increase of 13.98%[46]. - Domestic revenue was ¥63,466,296.74, up 3.30% from the previous year, while international revenue fell by 54.43% to ¥2,287,091.03[44]. Research and Development - Research and development expenses increased by 21.07% to 4.03 million yuan, driven by new project investments[39]. - The company has a total of 57 effective patents, including 6 invention patents and 51 utility model patents, showcasing significant innovation capabilities[33]. - The company is focusing on high-end intelligent manufacturing equipment to transition from "manufacturing" to "intelligent manufacturing"[38]. Operational Challenges - The company has identified potential risks in its future operations and has outlined corresponding countermeasures in its report[4]. - The company anticipates that market consumption demand will be difficult to recover in the short term due to the current economic situation[66]. - The company expects a net profit loss for the first nine months of 2018, with an estimated loss of up to CNY 5 million, compared to a net profit of CNY -31.09 million in the same period of 2017[72]. - The company faces market competition risks due to the rapid development of the downstream equipment manufacturing industry, which may affect its market share if it fails to maintain technological leadership and product quality[74]. Corporate Governance and Compliance - The company has not declared any cash dividends or stock bonuses for the half-year period[79]. - The company's half-year financial report has not been audited[82]. - The company faced penalties for information disclosure violations, with fines totaling CNY 900,000, including CNY 600,000 for actual controllers and CNY 100,000 for senior management[87]. - There were no significant related party transactions during the reporting period, including asset acquisitions or joint investments[90][91][92]. Future Plans and Strategies - The company plans to enhance product and service quality, increase brand influence, and invest in independent innovation to improve core technology and reduce product costs[74]. - The company will increase efforts in new product development and customer acquisition to mitigate the risks associated with customer concentration[75]. - The company plans to use up to CNY 85 million of idle raised funds to temporarily supplement working capital for a period not exceeding 12 months[66]. Shareholder Information - The total number of shares is 150,000,000, with 99.43% being unrestricted shares[107]. - The largest shareholder, He Quanbo, holds 28.12% of the shares, totaling 42,187,466 shares[110]. - The second largest shareholder, Beijing Huachuang Yisheng Asset Management Center, holds 13.76% with 20,643,750 shares[110].

Financial Performance - The company's operating revenue for Q1 2018 was ¥25,134,999.10, a decrease of 19.63% compared to ¥31,272,921.01 in the same period last year[8] - The net profit attributable to shareholders was -¥3,800,757.63, representing a decline of 295.87% from -¥960,099.74 year-on-year[8] - Basic and diluted earnings per share were both -¥0.03, a decrease of 200% compared to -¥0.01 in the previous year[8] - Net profit for Q1 2018 was -380.08 million, a decline of 295.88% compared to -96.01 million in Q1 2017, driven by a 19.63% decrease in sales revenue[16] - The company expects a net loss of between -700 million and -200 million for the first half of 2018, with main business revenue anticipated to remain stable compared to the previous year[21] Cash Flow and Assets - The net cash flow from operating activities decreased by 69.23%, from ¥12,835,270.51 to ¥3,948,923.99[8] - Cash and cash equivalents decreased by 37.15% to 4,697.08 million, primarily due to the use of 30 million in raised funds for purchasing financial products[16] - Other current assets increased significantly by 12,727.77% to 3,187.70 million, attributed to the investment in financial products using raised funds[16] - Operating cash flow net amount decreased by 69.23% to 394.89 million, due to reduced cash inflow from operating activities and slight increases in tax and payment obligations[16] - Investment cash flow net amount dropped by 1,756.89% to -3,170.26 million, mainly due to the use of 30 million in raised funds for financial investments[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,475[11] - The largest shareholder, He Quanbo, holds 28.12% of the shares, totaling 42,187,466 shares, which are pledged[11] - The company did not engage in any repurchase transactions during the reporting period[12] Asset and Liability Changes - Total assets at the end of the reporting period were ¥605,717,120.98, down 1.21% from ¥613,105,054.52 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 0.73%, from ¥520,765,144.81 to ¥516,964,387.18[8] Expenses and Penalties - The company incurred non-operating expenses of 50.15 million, a 503.49% increase, due to a fine of 500,000 imposed by the China Securities Regulatory Commission[16] - The company faced administrative penalties, including a fine of 500,000, due to violations related to information disclosure[18] - Asset impairment losses increased by 216.69% to -100.39 million, primarily due to the reversal of bad debt provisions[16] - The company reported a 43.27% decrease in employee compensation payable, totaling 423.73 million, due to the distribution of last year's year-end bonuses[16] Government Support - The company received government subsidies amounting to ¥136,081.62 during the reporting period[9]

Financial Performance - The company's operating revenue for 2017 was ¥174,156,219.05, representing a 25.73% increase compared to ¥138,517,636.08 in 2016[17] - The net profit attributable to shareholders in 2017 was ¥5,412,456.91, a significant turnaround from a loss of ¥25,705,794.33 in 2016, marking a 121.06% improvement[17] - Basic earnings per share for 2017 were ¥0.04, compared to a loss of ¥0.17 per share in 2016, reflecting a 123.53% increase[17] - Total assets at the end of 2017 were ¥613,105,054.52, a slight increase of 0.98% from ¥607,163,560.51 at the end of 2016[17] - The company's net assets attributable to shareholders rose by 1.05% to ¥520,765,144.81 at the end of 2017 from ¥515,352,687.90 in 2016[17] - The weighted average return on net assets improved to 1.04% in 2017 from -4.87% in 2016, indicating a positive trend in profitability[17] - The company reported a net profit of ¥2,009,316.09 in Q3 2017, marking a recovery from losses in the first two quarters[21] - Operating profit reached 5.16 million yuan, up 119.30% compared to the previous year[48] - Net profit attributable to shareholders was 5.41 million yuan, reflecting a growth of 121.06% year-on-year[48] - The gross profit margin improved to 26.23%, up by 5.35% compared to the previous year[53] Cash Flow and Financial Health - The net cash flow from operating activities decreased by 90.90% to ¥5,809,386.37 from ¥63,811,873.72 in the previous year[17] - Financial expenses decreased significantly to -0.50 million yuan, a reduction of 116.13% due to decreased bank loans[48] - The net cash flow from operating activities decreased by 90.90% to ¥5,809,386.37, primarily due to reduced sales receipts and increased procurement payments[66] - The net cash and cash equivalents decreased by 110.42% to -¥3,151,282.75, reflecting significant cash outflows[65] - The company reported a significant decline in investment activity cash flow, with a net outflow of -¥8,225,756.99, down 121.08% from the previous year[65] Market and Industry Position - The company primarily engages in the research, production, and sales of thick-walled sliding bearings and components, with over 200 specifications across six major series[27] - The general equipment industry achieved a total profit of CNY 312.54 billion in 2017, representing a year-on-year growth of 13.5%, indicating a recovery in the industry[33] - The company is recognized as a key player in the thick-walled sliding bearing sector in China, holding a leading position in sales revenue, market share, and technological development[35] - The thick-walled sliding bearing industry is significantly influenced by macroeconomic cycles and fixed asset investments, affecting market demand[34] - The company maintains long-term stable partnerships with major clients such as Shanghai Electric Group and Dongfang Electric Corporation, enhancing its customer resource base[42] Research and Development - The company has accumulated 52 valid patents, including 6 invention patents and 46 utility model patents, showcasing its strong focus on research and innovation[40] - Research and development expenditure increased by 7.30% to 7.32 million yuan, focusing on high-tech and high-value-added products[48] - The company will continue to invest in R&D to launch high-value-added new products and maintain competitive advantages[90] - New product development efforts are ongoing, particularly in the DQY and VTBS series, which have shown promising sales growth[53] Operational Strategy - The company operates under a made-to-order production model, emphasizing small batch, multi-variety, and multi-specification manufacturing[29] - The company actively adjusted its marketing strategy and product structure to explore new profit growth points, resulting in a significant increase in military product orders[46] - The company plans to focus on expanding its domestic market presence while addressing the decline in international sales[53] - The company aims to strengthen its core business by focusing on high-efficiency, high-precision, and high-reliability products[88] Governance and Compliance - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[106] - The company has established a complete independent accounting system and financial management decision-making system[189] - The board of directors consists of members elected according to legal regulations, ensuring compliance and effective governance[179] - The company emphasizes information disclosure and investor relations, ensuring fair access to information for all investors[183] - The company has faced regulatory scrutiny in the past, indicating a need for improved compliance measures[166] Shareholder and Equity Information - The company has not distributed any cash dividends in the past three years, with a net profit of 5,412,456.91 CNY in 2017[101] - Major shareholders include He Quanbo with 28.12% (42,187,466 shares) and Beijing Huachuang Yisheng Asset Management Center with 13.76% (20,643,750 shares)[143] - The largest shareholder, He Quanbo, holds 42,187,466 shares, representing a significant portion of the company's equity[144] - The company has not undergone any changes in its controlling shareholders during the reporting period[146] Employee and Management Structure - The total number of employees in the company is 453, with 440 in the parent company and 13 in major subsidiaries[171] - The professional composition includes 279 production personnel, 12 sales personnel, 46 technical personnel, 10 financial personnel, and 106 administrative personnel[171] - The total remuneration for the board and senior management during the reporting period is 197.5 million[170] - The company has implemented a performance appraisal system and provides various types of training to enhance employee skills and professional qualities[172][173] Risks and Challenges - The company is facing risks from market competition, with increased investments from domestic competitors in the sliding bearing industry[92] - The company has a dependency on major customers, which poses a risk if their demand decreases or they switch suppliers[92] - The company has established stable relationships with suppliers, but fluctuations in raw material prices could impact production costs[93] - The company anticipates that market consumption demand in the bearing industry will not recover rapidly in the short term due to the overall economic downturn[82]

2017 年第三季度报告正文 申科滑动轴承股份有限公司 2017 年第三季度报告正文 证券代码：002633 证券简称：申科股份 公告编号：2017-058 申科滑动轴承股份有限公司 2 申科滑动轴承股份有限公司 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 1 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。 公司是否需追溯调整或重述以前年度会计数据 申科滑动轴承股份有限公司 2017 年第三季度报告正文 所有董事均已出席了审议本次季报的董事会会议。 第一节 重要提示 公司负责人何建南、主管会计工作负责人谢昶及会计机构负责人(会计主管 人员)何碧君声明：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） | 604,101,635.40 | 607,163,560.51 | | -0.50% | | 归属于上市公司股东的净资产（ ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥68,890,355.49, representing a 13.69% increase compared to ¥60,594,998.93 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was a loss of ¥2,320,181.82, which is an improvement of 80.47% from a loss of ¥11,883,106.21 in the previous year[18]. - The basic earnings per share for the reporting period was -¥0.02, an improvement of 75.00% from -¥0.08 in the same period last year[18]. - The company reported a total comprehensive income of -¥2,320,181.82, reflecting the same net loss as the net profit[126]. - The company expects a significant recovery in net profit for the first three quarters of 2017, projecting a turnaround from a net loss of CNY 18.77 million in the same period last year[61]. - The company's main business revenue increased by 35.10% in the first half of 2017 compared to the same period last year, contributing to the anticipated profitability[61]. Cash Flow and Assets - The net cash flow from operating activities decreased by 63.03%, amounting to ¥17,885,606.58 compared to ¥48,382,413.62 in the same period last year[18]. - The company's cash and cash equivalents at the end of the reporting period were ¥174,973,573.50, accounting for 25.49% of total assets[41]. - Accounts receivable increased to ¥96,822,750.60, representing 14.10% of total assets, up from 11.44% in the previous year[41]. - The total assets at the end of the reporting period were ¥686,555,742.08, reflecting a 13.08% increase from ¥607,163,560.51 at the end of the previous year[18]. - The total liabilities increased to CNY 173,523,236.00 from CNY 91,810,872.61, reflecting an increase of about 89.0%[118]. Revenue Sources - Revenue from large and medium-sized electric motors and large machinery equipment increased by 128.01% to ¥35,257,950.34, driven by significant growth in the DQY end-cap sliding bearing series and VTBS vertical thrust bearing series[37]. - Domestic sales accounted for 89.18% of total revenue, amounting to ¥61,440,956.51, which is a 148.44% increase from the previous year[36]. - Foreign sales decreased by 79.48% to ¥5,018,818.30, primarily due to a reduction in export business with Siemens[38]. - The processing business revenue surged by 811.07% to ¥11,535,217.15, attributed to increased orders from clients such as Dongqi and Jinlun[37]. Investment and Projects - The company terminated the "Technology R&D Center Project" and redirected remaining funds to the "Deck Machinery R&D Center Construction Project" to enhance technological capabilities[32]. - The company has adjusted the investment projects, including terminating the "Sliding Bearing Production Line Technical Reform Project" and reallocating funds to the "Deck Machinery R&D Center Construction Project"[52]. - The investment progress for the "Annual Production of 1,200 Sets of High-Speed Sliding Bearings" project is only 19.50% as of June 30, 2017, indicating delays in production capacity formation[51]. - The company plans to temporarily use RMB 90,000,000.00 million of idle raised funds to supplement working capital for a period not exceeding 12 months[52]. Shareholder Information - The total number of shares is 150 million, with 41.89% being limited sale shares and 58.11% being unrestricted sale shares[98]. - The major shareholders include He Quanbo with 28.12% and He Jiandong with 13.16% of the shares, both of whom have pledged their shares[101]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[103]. Risk Management - The company faces certain risks in its future operations, which are detailed in the report[4]. - The company aims to diversify its customer base to reduce reliance on major clients, which poses a risk to its operations[63]. - The company has established stable long-term relationships with major suppliers to mitigate risks associated with raw material price fluctuations[62]. Corporate Governance - The company held its 2016 annual general meeting with a participation rate of 42.61% on April 6, 2017[66]. - The first interim shareholders' meeting of 2017 had a participation rate of 42.12% on March 14, 2017[66]. - The second interim shareholders' meeting of 2017 had a participation rate of 55.57% on May 10, 2017[66]. Financial Reporting - The half-year financial report has not been audited[70]. - The financial statements are prepared in Renminbi (RMB) as the reporting currency[115]. - The financial report is prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[151]. Accounting Policies - The company adheres to the enterprise accounting standards, ensuring the financial statements are true and complete[153]. - The company uses the effective interest method to measure financial liabilities at amortized cost, except for certain specified cases[162]. - The company assesses impairment for financial assets, including loans and receivables, based on future cash flow present value[165]. Research and Development - The company plans to enhance product quality and brand influence while increasing R&D investment to maintain competitive advantages in the market[62]. - The company is exploring market expansion opportunities to increase its market share and revenue streams[145]. - The company continues to recognize financial assets if it retains substantially all risks and rewards of ownership[164].