上海良信电器股份有限公司 2014 年半年度报告全文 上海良信电器股份有限公司 2014 年半年度报告 2014 年 08 月 1 上海良信电器股份有限公司 2014 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人任思龙、主管会计工作负责人卢生江及会计机构负责人(会计主 管人员)程秋高声明：保证本半年度报告中财务报告的真实、准确、完整。 1)市场风险：国内低压电器中、高端市场竞争者主要以外商投资企业和少 数本土企业为主。在中国低压电器市场持续快速增长和产业升级的驱使下，本 土企业将不断通过技术创新、专业化以提升市场竞争力，而跨国公司将携技术 优势继续大力扩张，竞争主体将愈加多元化，竞争也将趋于激烈。 公司在低压电器行业已经营十余年，有着丰富的市场营销经验，同时通过 不断的技术创新和优质服务，在国内低压电器中、高端产品市场中形成了较强 的竞争力。但与 ...

上海良信电器股份有限公司 2014 年第一季度报告全文 上海良信电器股份有限公司 2014 年第一季度报告 2014 年 04 月 1 上海良信电器股份有限公司 2014 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。 公司负责人任思龙、主管会计工作负责人卢生江及会计机构负责人(会计主 管人员)程秋高声明：保证季度报告中财务报表的真实、准确、完整。 2 上海良信电器股份有限公司 2014 年第一季度报告全文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 156,565,927.59 | 116,529,798.19 | 34.36% | | 归属于上市公司股东 ...

Financial Performance - Revenue for Q1 2014 reached ¥156,565,927.59, an increase of 34.36% compared to ¥116,529,798.19 in the same period last year[8] - Net profit attributable to shareholders was ¥16,065,356.55, up 23.58% from ¥12,999,630.23 year-on-year[8] - Net cash flow from operating activities surged by 268.33% to ¥19,039,725.05, compared to ¥5,169,184.69 in the previous year[8] - Total assets increased by 64.1% to ¥1,005,180,372.84 from ¥612,545,404.36 at the end of the previous year[8] - Net assets attributable to shareholders grew by 104.02% to ¥768,982,744.49 from ¥376,914,187.94 at the end of the previous year[8] Expenses and Taxation - The company reported a 55.31% increase in business tax and surcharges, primarily due to the growth in value-added tax[16] - Sales expenses rose by 48.64% year-on-year, attributed to increased salaries for sales personnel[16] - Management expenses increased by 48.63%, mainly due to higher R&D investments[16] Shareholder Commitments and Management - The company completed its initial public offering in January 2014, significantly impacting cash and capital accounts[16] - The number of shareholders at the end of the reporting period was 9,077, with the top ten shareholders holding significant stakes[11] - The company has committed to repurchase all newly issued shares if there is a significant impact from false records or misleading statements in the prospectus, with the repurchase price including bank interest[20] - The commitment to compensate investors for losses due to false records or misleading statements in the prospectus will be fulfilled within thirty days of the responsibility being established[24] - The company will initiate the repurchase of shares within thirty days if the China Securities Regulatory Commission imposes an administrative penalty[23] - The company has not encountered any triggering conditions for the commitments made as of December 20, 2013[21] - The company will not transfer or entrust the management of its shares for six months after the lock-up period expires[24] - The company will compensate investors for losses incurred from misleading statements in the prospectus, with a commitment to fulfill this within thirty days of the responsibility being established[24] - The company will repurchase shares at the issuance price plus bank interest if it fails to meet the legal issuance conditions[20] - The company will not exercise voting rights or receive dividends during the period of unfulfilled commitments[24] - The company will actively urge compliance with commitments if it fails to fulfill them within the stipulated time[23] Strategic Focus and Compliance - The company reported a stable operating performance with a focus on maintaining control and strategic decision-making post-lockup period[25] - Shareholders holding more than 5% of shares are committed to reducing their holdings in a structured manner, with the first-year reduction capped at 15% and the second year at 30%[26] - The company has established a commitment to avoid any direct or indirect competition with its subsidiaries, ensuring compliance with relevant regulations[30] - The company will disclose all related party transactions in accordance with securities regulatory laws and has no other undisclosed transactions with its subsidiaries[32] - The company plans to utilize the deep exchange auction system or block trading system for any share reductions post-lockup[29] - The reduction price for shares must not be lower than the issuance price, ensuring shareholder value is preserved[28] - The company has committed to compensating for any economic losses incurred due to violations of its commitments[32] - The company is focused on maintaining a stable shareholder structure to support long-term strategic goals[26] - The company has not encountered any conditions that would trigger a commitment breach as of the announcement date[30] - The company emphasizes the importance of transparency and adherence to regulations in its financial dealings and shareholder communications[32] Future Outlook - The net profit attributable to shareholders for the first half of 2014 is expected to range from 40.36 million to 52.46 million RMB, representing a growth of 0% to 30% compared to the same period in 2013[36] - The company aims to focus on its core business, continuously develop new industry clients, and explore new demands from existing customers to maintain stable growth in performance[36] - The company has committed to avoiding related party transactions that could harm the interests of shareholders and will adhere to fair pricing principles[33]

Financial Performance - The company's operating revenue for 2013 was ¥683,849,232.77, representing a 13.99% increase compared to ¥599,906,068.30 in 2012[22] - The net profit attributable to shareholders for 2013 was ¥81,035,139.80, which is a 10.61% increase from ¥73,264,823.13 in 2012[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥75,609,377.56, up 13.23% from ¥66,772,278.01 in 2012[22] - The total cost of operations was ¥430,037,277.36, which increased by 13.95% year-on-year[30] - The company achieved an operating revenue of ¥683,849,232.77, representing a year-on-year growth of 13.99%[29] - Net profit for the year was ¥81,035,139.80, reflecting a 10.61% increase compared to the previous year[29] - The company's gross profit margin for the industrial segment is 37.5%, with a 14% increase in operating revenue compared to the previous year[47] - The company reported a significant increase in sales expenses, which rose to ¥95,803,031.53 from ¥78,457,546.78, reflecting a 22.14% increase[138] Cash Flow and Assets - The net cash flow from operating activities decreased by 48.51% to ¥45,687,229.84 from ¥88,727,801.89 in 2012[22] - Operating cash inflow for 2013 is ¥772,956,233.46, a 14% increase from 2012, while operating cash outflow increased by 23.41% to ¥727,269,003.62[43] - The total assets at the end of 2013 were ¥612,545,404.36, a 24.36% increase from ¥492,556,496.46 at the end of 2012[22] - The company's current assets totaled RMB 412,000,868.74 at the end of the reporting period, up from RMB 365,684,344.91, indicating an increase of about 12.5%[135] - The company's total liabilities amounted to RMB 235,631,216.42, compared to RMB 196,677,448.32 at the beginning of the year, reflecting an increase of approximately 19.8%[136] - Cash and cash equivalents at the end of the period totaled ¥42,874,121.69, a decrease from ¥57,860,367.57 at the beginning of the period[142] Shareholder and Dividend Information - The company plans to distribute a cash dividend of ¥8.00 per 10 shares to all shareholders[4] - The cash dividend represents 85.04% of the net profit attributable to shareholders in the consolidated financial statements for 2013[68] - The company has a policy to distribute at least 30% of the distributable profits as cash dividends annually, provided there are no significant investment plans or cash expenditures[65] - The total distributable profits at the end of 2013 were 215,179,901.71 yuan, with retained undistributed profits of 146,267,901.71 yuan after the dividend distribution[68] - The company emphasizes a stable and continuous dividend distribution policy, considering the needs of investors and legal regulations[65] Research and Development - Research and development expenses grew by 17%, accounting for 5.63% of operating revenue, due to a focus on innovation and new product development[30] - The company completed 78 simulation projects and filed 47 patents in 2013, increasing its total patents to 159[28] - Research and development expenditure for 2013 is ¥38,531,101.63, representing 10.22% of the net assets and 5.63% of operating revenue[41] Market and Competitive Landscape - The low-voltage electrical industry is highly competitive, with foreign and domestic companies coexisting, where leading companies like Schneider and ABB dominate technology advancements[55] - The market for mid-to-high-end low-voltage electrical products is expected to expand as the national economy grows, providing significant development opportunities[56] - The company aims to focus on mid-to-high-end low-voltage electrical products, enhancing its product series and developing smart low-voltage electrical products[57] Governance and Compliance - The company has established a governance structure centered around the Articles of Association, enhancing operational quality and providing a solid management decision-making environment[69] - The company has implemented the ISO14001:2004 environmental management system and IECQ QC080000:2005 hazardous substance process management system since 2006, achieving certifications from multiple international authorities[70] - The company has not faced any administrative penalties during the reporting period, indicating compliance with regulatory requirements[72] Employee and Social Responsibility - The company pays various social insurances for employees, including pension, medical, unemployment, work injury, maternity insurance, and housing fund, ensuring employee rights protection[71] - The company has a rental agreement for employee dormitories with an annual rent of 225,000 RMB, which is over 10% of the total profit for the reporting period[74] - The company has a training program in place to develop employees' skills and career paths[104] Financial Reporting and Audit - The company maintained a standard unqualified audit opinion for its financial statements for the year 2013[128] - The audit committee of the board convened three meetings in 2013, focusing on reviewing financial statements and internal control systems, ensuring effective supervision of the company's financial status[112] - The board of directors confirmed that there were no significant deficiencies in internal control design or execution during the reporting period[123]