编号：2019-005 证券代码：002678 证券简称：珠江钢琴 广州珠江钢琴集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------------|--------------------------------------------------------------| | | | | | 投资者关系活动 | □ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 | □路演活动 | | | R 现场参观 □其他 | | | 参与单位名称及 | | 国信证券广州分公司花都迎宾大道证券营业部举办"走进音乐 | | 人员姓名 | | 殿堂，畅谈中期策略"活动，带领客户走进上市公司—珠江钢 | | | | 琴。名单如下：国信证券詹海敏、卓玉婷、何健业、熊如意、柳若 | | | | 苏、卢坚炼、吴宇岸、朱小敏、黄嘉欣、高琳、高振强、欧家航、王 | | | | 璐及客户谭泽杰、黄良文、王伟东、陈锦添、邓燕芬、张淦潮等 | | | 28 位投资者 | | ...

证券代码：002678 证券简称：珠江钢琴 编号：2017-006 广州珠江钢琴集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-------------------------------|----------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 财富证券有限责任公司 尹瑞芝 | | | 人员姓名 | | 深圳市贺桥资本管理股份有限公司 王嘉莉 | | | 招商证券 郭庆龙 郑恺 李宏鹏 | | | | 中信建投证券股份有限公司 魏歆 | | | | | 海通证券资产管理有限公司 刘牧忱 衣桢永 | | | | 信达证券股份有限公司 周贤珮 王晶晶 | | | 东北证券股份有限公司 唐凯 | | | | 国海证券股份有限公司 姚哲巍 | | ...

Group 1: Market Demand and Trends - The global piano production and sales have remained stable at approximately 400,000 to 500,000 units annually, with China becoming the largest piano market. However, the ownership rate of pianos among urban households in China is still low compared to Japan and Western countries, indicating significant growth potential [3]. - As living standards rise, consumer demand for higher-quality piano products is increasing, driven by improved cultural literacy and music education [3]. - The concentration of piano brands is increasing, with consumers preferring reputable brands, leading to higher brand concentration in the industry [4]. Group 2: Financial Performance and Cost Management - The gross margin for the piano and accessories segment decreased in 2018 due to rising raw material and labor costs, as well as increased depreciation expenses [4]. - The company has implemented measures such as technological upgrades and production optimization to manage rising manufacturing costs while maintaining product quality [4]. - In April 2019, the company adjusted the retail prices of some piano brands, reflecting its strategy to adapt to market conditions [4]. Group 3: Production Capacity and Product Differentiation - The second phase of the Zengcheng National Cultural Industry Base project was completed in Q3 2018, with a total production of 155,000 units, including 137,300 finished pianos and 17,700 components [4]. - The differentiation of products is primarily based on the design, materials, and production processes used [4]. Group 4: Export and Market Strategy - In 2018, the company's export revenue was 200 million RMB, accounting for approximately 10% of total operating income [5]. - The company is undergoing a transformation and expansion of new businesses, requiring the development of manufacturing and management talent [5]. Group 5: Employee Incentives and Corporate Governance - In 2009, the company implemented a capital increase and introduced over 170 employees from upstream and downstream investors and management to hold shares [5]. - A stock option incentive plan was established in 2014 for directors and key personnel, but it was terminated due to unmet performance criteria [5].

证券代码：002678 证券简称：珠江钢琴 编号：2018-001 | --- | --- | --- | |----------------|-----------------------------------------------------|----------------------------------------------------------| | | | | | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ 媒体采访 □业绩说明会 | | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 山西证券股份有限公司 杨晶晶 | | | 人员姓名 | 华泰证券有限责任公司 张 申万宏源证券有限公司 屠亦婷 | 前 | | | | | | | 南方基金 尤一鸣 | | | | 毕盛投资管理有限公司（ | APS ） 刘迟到 | | 时间 | 2018 年 4 月 27 | 日 9： 30—11：30 | | 地点 | | 广州珠江钢琴集团股份有限公司本部 | | ...

证券代码：002678 证券简称：珠江钢琴 广州珠江钢琴集团股份有限公司投资者关系活动记录表 编号：2018-002 | --- | --- | --- | |----------------|-----------------------------|--------------------------------------------------------| | 投资者关系活动 | ■ | 特定对象调研 □分析师会议 | | 类别 | □ | 媒体采访 □业绩说明会 | | | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | | | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及 | 以立投资管理有限公司 何天成 | | | 人员姓名 | | 上海申银万国证券研究所有限公司 周 迅 | | | | 申万宏远证券（香港）有限公司 林宛珊、冯汉南 | | | 百域资本 罗晓婵、陈冰瑶 | | | 时间 | 2018 年 11 月 2 | 日 9： 30—11：30 | | 地点 | | 广州珠江钢琴集团股份有限公司本部 | | 上市公司接待人 | | 珠江钢琴董事会秘书谭 ...

证券代码：002678 证券简称：珠江钢琴 编号：2021-001 珠江钢琴集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------------------------|------------------------------------------------------| | | | 特定对象调研 □分析师会议 | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | | 现场参观 | | | | □其他 | （请文字说明其他活动内容） | | 参与单位名称及 | | 广东博众证券投资咨询有限公司：邓刚、黄正、刘刚、容伟 | | | | | | 人员姓名 | 彪、刘家俊、李佳盈、施佳磊、代滢 | | | 时间 | 2021 年 10 月 20 日 | 14:00 — 16:00 | | 地点 | 广州珠江钢琴集团股份有限公司 | | | 上市公司接待人 | | 珠江钢琴财务负责人梁永恒、证券事务代表李丹娜 | | 员姓名 | | 企业参观：公司证券事 ...

证券代码：002678 证券简称：珠江钢琴 编号：2022-001 珠江钢琴集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------------------------------------|------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □特定对象调研 □分析师会议 | | | 投资者关系活动 | □媒体采访 □业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | ☑ 其他 | （广东辖区上市公司投资者网上集体接待日活动 ） | | | | 上市公司 ...

广州珠江钢琴集团股份有限公司 2022 年第三季度报告 证券代码：002678 证券简称：珠江钢琴 公告编号：2022-060 广州珠江钢琴集团股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|------------------|--------------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 848,593,629.42, a decrease of 19.11% compared to CNY 1,049,026,079.09 in the same period last year[19]. - The net profit attributable to shareholders was CNY 64,163,858.80, down 41.93% from CNY 110,495,201.38 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 57,967,760.84, a decline of 44.69% compared to CNY 104,811,847.07 in the previous year[19]. - Basic earnings per share decreased to CNY 0.05, down 37.50% from CNY 0.08 in the previous year[19]. - The operating profit for the first half of 2022 was CNY 83,707,192.07, compared to CNY 134,465,511.61 in the first half of 2021, indicating a decline of approximately 37.7%[144]. - The net profit for the first half of 2022 was CNY 82,176,712.73, down from CNY 134,316,997.39 in the same period of 2021, representing a decrease of about 38.8%[144]. - The company achieved a net profit attributable to the parent company of CNY 64,163,858.80, compared to CNY 110,495,201.38 in the previous year, representing a decline of approximately 41.9%[146]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -CNY 29,868,807.79, a 74.50% increase from -CNY 117,120,861.27 in the same period last year[19]. - Cash and cash equivalents decreased from CNY 1,636,443,819.67 on January 1, 2022, to CNY 1,417,710,030.14 by June 30, 2022, a decline of approximately 13.4%[131]. - The company reported a total cash outflow from operating activities of 810,751,714.12 CNY, compared to 1,131,253,665.64 CNY previously[154]. - The cash inflow from sales of goods and services was 251,642,060.34 CNY, up from 214,537,250.86 CNY in the previous period[157]. - The company's cash and cash equivalents decreased by 218,733,789.54 CNY during the period, compared to a decrease of 169,271,870.08 CNY in the prior year[156]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,220,834,550.51, reflecting a 3.99% increase from CNY 5,020,738,986.31 at the end of the previous year[19]. - The company's cash and cash equivalents at the end of the period were ¥1,417,710,030.14, accounting for 27.15% of total assets, down from 32.59% the previous year[43]. - Total liabilities included short-term borrowings of ¥485,067,624.24, which represented 9.29% of total assets, an increase from 7.14% the previous year[43]. - Total liabilities increased from CNY 1,344,212,822.13 to CNY 1,541,505,296.05, representing a growth of about 14.7%[136]. Research and Development - The company invested ¥46.18 million in R&D during the first half of 2022, resulting in the design of 27 new piano models and the implementation of 66 new material and process improvements[29]. - Research and development expenses amounted to ¥46,182,663.27, down 8.07% from ¥50,237,694.98 year-on-year[40]. - Research and development expenses for the first half of 2022 were CNY 46,182,663.27, down from CNY 50,237,694.98 in the same period of 2021, indicating a decrease of approximately 8.1%[144]. Market and Sales Performance - The cost of sales decreased by 16.05% to ¥630.67 million from ¥751.29 million year-on-year[38]. - The overseas sales volume increased by 26.10% year-on-year, indicating a strong growth in international markets[29]. - The online sales of digital pianos reached 11,908 units, reflecting a growth of 17.89% compared to the previous year[30]. - Domestic sales accounted for ¥717,649,029.64, representing 84.57% of total revenue, down 22.41% from the previous year[42]. - Foreign sales increased by 5.54% to ¥130,944,599.78, which is 15.43% of total revenue[42]. Corporate Governance and Shareholder Engagement - The company reported a 67.53% investor participation rate in its first extraordinary general meeting of 2022, indicating strong shareholder engagement[64]. - The company has established a governance structure including a shareholders' meeting, board of directors, and supervisory board[181]. - The report indicates that there were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[122]. Environmental Responsibility - The company has not faced any administrative penalties related to environmental issues during the reporting period[76]. - The company strictly adheres to environmental protection laws and regulations, ensuring compliance in all new project constructions[72]. - The company has implemented a monitoring plan for waste gas, wastewater, and noise, regularly commissioning qualified testing units for environmental monitoring[75]. - The company has established an emergency response plan for environmental incidents, which has been reviewed and filed with the local environmental authority[74]. - The company continues to maintain its commitment to environmental responsibility without any reported adverse impacts on its operations due to environmental issues[76]. Community Engagement and Social Responsibility - The company donated 500,000 yuan for rural revitalization projects in various towns, supporting local industries such as tourism and agriculture[78]. - An additional donation of 1,000,000 yuan was made for rural revitalization efforts in Meizhou and Guizhou, ensuring the completion of related tasks[78]. - The company actively engaged in consumption poverty alleviation by prioritizing the purchase of products from impoverished areas, integrating employee welfare with these initiatives[79]. - The company developed a recruitment plan to assist impoverished areas, helping local residents find employment[79]. Legal and Compliance Matters - The company is involved in multiple lawsuits with a total amount of 1,546.53 million yuan, with some cases already concluded and others ongoing[88]. - The company has not engaged in any major related party transactions during the reporting period[89]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[83]. Future Strategies and Plans - The company plans to implement an innovation-driven development strategy, focusing on new product trials and improving production efficiency to meet market demands[59]. - There is a commitment to expanding the digital instrument segment, with efforts to enhance core technologies and improve brand influence through marketing activities[61]. - The company aims to strengthen its cost control measures by tracking raw material prices and optimizing production processes[60]. - The company plans to enhance its market expansion strategies, focusing on new product development and technological advancements[164].

Financial Performance - The company's revenue for Q1 2022 was ¥482,140,601.23, a decrease of 13.72% compared to ¥558,808,832.97 in the same period last year[5] - Net profit attributable to shareholders was ¥53,060,493.45, down 16.47% from ¥63,522,436.02 year-on-year[5] - Total operating revenue for Q1 2022 was CNY 482,140,601.23, a decrease of 13.7% compared to CNY 558,808,832.97 in the same period last year[26] - Operating profit for Q1 2022 was CNY 65,038,370.80, a decline of 14.8% from CNY 76,292,058.41 in the previous year[26] - The total profit for Q1 2022 was approximately ¥64.79 million, a decrease of 15.06% compared to ¥76.23 million in Q1 2021[29] - The net profit for Q1 2022 was approximately ¥54.32 million, down 16.06% from ¥64.68 million in the same period last year[29] - The total comprehensive income for Q1 2022 was approximately ¥50.84 million, down from ¥60.76 million in Q1 2021, reflecting a decrease of 16.67%[29] - The basic and diluted earnings per share for Q1 2022 were both ¥0.04, a decrease from ¥0.05 in Q1 2021[29] Cash Flow and Liquidity - The net cash flow from operating activities was -¥45,632,747.10, an improvement of 8.22% compared to -¥49,717,009.69 in the previous year[5] - The company reported a cash balance of approximately ¥1.46 billion at the end of the quarter, down from ¥1.64 billion at the beginning of the year, indicating a decrease of about 10.5%[18] - The cash and cash equivalents at the end of Q1 2022 were approximately ¥1.46 billion, down from ¥1.71 billion at the end of Q1 2021[36] - The cash inflow from investment activities in Q1 2022 was approximately ¥506.36 million, significantly higher than ¥22.15 million in Q1 2021[36] - The cash flow from financing activities in Q1 2022 was positive at approximately ¥104.67 million, compared to a negative cash flow of -¥103.16 million in Q1 2021[36] - The company reported a decrease in cash inflow from sales of goods and services, totaling approximately ¥340.50 million in Q1 2022, compared to ¥467.36 million in Q1 2021[33] Assets and Liabilities - Total assets increased by 3.55% to ¥5,199,200,165.26 from ¥5,020,738,986.31 at the end of the previous year[5] - Total liabilities increased to CNY 1,470,240,862.96 in Q1 2022, compared to CNY 1,344,212,822.13 in the previous year[22] - The company's short-term borrowings rose by 30.20% to ¥466,663,568.53, indicating an increase in new borrowings exceeding repayments[9] - The company reported a decrease in short-term borrowings to CNY 466,663,568.53 from CNY 358,430,235.20 year-on-year[22] - The total equity attributable to shareholders increased to CNY 3,695,687,928.74 from CNY 3,644,566,316.52 in the previous year[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,161[10] - The largest shareholder, Guangzhou Urban Construction Investment Group, holds 51.00% of the shares[10] - The company’s major shareholder, Guangzhou Urban Construction Investment Group, holds 51% of the shares, amounting to 692,743,365 shares, following a transfer from the Guangzhou State-owned Assets Supervision and Administration Commission[17] - The company’s other major shareholder, Guangzhou State-owned Assets Development Holding Co., holds 16.4% of the shares, equivalent to 222,776,955 shares[17] Operational Metrics - The accounts receivable increased by 227.04% to ¥212,124,809.32, attributed to the cyclical nature of industry sales collection[9] - Accounts receivable increased significantly to ¥212.12 million, up from ¥64.86 million, representing a growth of approximately 227%[18] - The company incurred operating expenses of approximately ¥441.91 million in Q1 2022, down from ¥554.06 million in Q1 2021[33] - Research and development expenses for Q1 2022 were CNY 24,142,763.31, a decrease from CNY 26,349,049.22 in the same period last year[26] - Inventory levels remained stable at approximately ¥1.03 billion, slightly down from ¥1.03 billion at the beginning of the year[18] Investments and Initiatives - The company participated in the establishment of the Guangzhou Old Brand Revitalization Fund with an investment of ¥50 million[14] - The company is in the process of implementing a restricted stock incentive plan to align the interests of shareholders and the management team[17] - The company has completed the necessary regulatory procedures for the transfer of state-owned equity, ensuring compliance with market regulations[17] Investment Income - The company reported a significant increase in investment income of 9004.9%, reaching ¥614,523.02 due to higher returns from financial products[9] - The company's trading financial assets rose to ¥632.39 million, an increase of about 56% from ¥405.59 million[18]