深圳市凯中精密技术股份有限公司 2018 年第一季度报告正文 证券代码：002823 证券简称：凯中精密 公告编号：2018-017 深圳市凯中精密技术股份有限公司 2018 年第一季度报告 2018 年 4 月 1 深圳市凯中精密技术股份有限公司 2018 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人张浩宇、主管会计工作负责人黄俊及会计机构负责人闫振声明：保证季度报 告中财务报表的真实、准确、完整。 2 深圳市凯中精密技术股份有限公司 2018 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | 营业收入（元） | 354,161,703.62 | 325,712 ...

Financial Performance - Operating revenue for the reporting period was ¥355,018,820.11, representing a year-on-year growth of 20.46%[7] - Net profit attributable to shareholders was ¥39,789,267.77, up 10.27% from the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥39,687,765.30, reflecting a 16.33% increase year-on-year[7] - Basic earnings per share decreased to ¥0.14, down 57.58% compared to the same period last year[7] - The weighted average return on net assets was 3.55%, a decrease of 3.57% year-on-year[7] - The estimated net profit for 2017 is projected to increase by 15.00% to 30.00%, amounting to between CNY 148.01 million and CNY 167.31 million[22] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,804,292,755.52, an increase of 10.79% compared to the previous year[7] - Accounts receivable increased by 281.05% to CNY 13,349,265.21 due to an increase in bank acceptance bills at the end of the period[15] - Other current assets surged by 2278.41% to CNY 53,131,170.78 primarily from the purchase of financial products[15] - Short-term borrowings increased by 42.00% to CNY 360,868,330.24 due to additional bank loans taken during the period[15] - Long-term borrowings decreased by 34.58% to CNY 98,367,847.71 due to repayments made during the period[15] Cash Flow - The net cash flow from operating activities was ¥12,532,096.72, down 14.18% from the previous year[7] - Cash paid for purchasing goods and services rose by 36.02% to CNY 643,194,369.60, reflecting increased sales volume[15] - The company redeemed financial products resulting in cash inflow of CNY 240,823,755.98 during the period[16] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,622[11] - The largest shareholder, Wu Ying, holds 32.17% of the shares, amounting to 93,389,576 shares, with a portion pledged[11] Management and Investment - Management expenses rose by 53.73% to CNY 115,503,928.58 due to new subsidiary management costs and increased R&D investment[15] - Investment income increased by 441.82% to CNY 905,103.52 as a result of higher returns from financial products purchased with temporarily idle funds[15] - The company plans to issue convertible bonds to raise up to CNY 436 million, pending regulatory approval[17] Non-Recurring Items - The company reported a total of ¥2,904,312.18 in non-recurring gains and losses for the year-to-date[8]

Financial Performance - The company's operating revenue for the first half of 2017 was ¥658,165,609.58, representing a 34.09% increase compared to ¥490,832,257.69 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was ¥74,772,720.54, up 41.83% from ¥52,718,943.03 in the previous year[14]. - The net profit after deducting non-recurring gains and losses was ¥71,969,910.82, reflecting a 39.34% increase from ¥51,650,320.08 year-on-year[14]. - The net cash flow from operating activities was ¥62,402,462.28, which is a 21.73% increase compared to ¥51,264,239.31 in the same period last year[14]. - The gross profit margin improved to 29.37%, up 1.97 percentage points from 27.40% in the same period last year, reflecting enhanced profitability[38]. - The company achieved operating revenue of CNY 658.17 million, a year-on-year increase of 34.09%, driven by stable growth in the commutator business and rapid growth in connectors and lightweight automotive components[36]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,623,373,090.92, a slight decrease of 0.32% from ¥1,628,581,750.14 at the end of the previous year[14]. - The net assets attributable to shareholders of the listed company increased by 9.19% to ¥1,096,938,768.85 from ¥1,004,590,555.67 at the end of the previous year[14]. - Total liabilities decreased to CNY 526,434,322.07 from CNY 623,991,194.47, a reduction of approximately 15.7%[136]. - The company's equity increased to CNY 1,096,938,768.85 from CNY 1,004,590,555.67, reflecting a growth of about 9.2%[137]. Cash Flow - Cash and cash equivalents decreased by 39.83% due to increased investment in fundraising projects and financial products[25]. - The company reported a net cash outflow of CNY 188.78 million, a decrease of 736.05% compared to the previous year, primarily due to increased expenditures on bank loan repayments and fundraising projects[43]. - The net cash flow from investing activities was negative at CNY -165,992,910.92, worsening from CNY -134,053,462.19 in the previous year[152]. - The net cash flow from financing activities was negative at CNY -82,482,266.53, compared to a positive CNY 111,708,925.92 in the same period last year[152]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[4]. - A total of 2.33 million restricted stock units were granted to 116 incentive recipients, including directors and core technical staff, to stabilize the core team and motivate employees[40]. - The company completed the first grant of its 2017 restricted stock incentive plan, granting 2.39 million shares at a price of 22.25 CNY per share to 126 eligible participants[93]. - Major shareholder Wu Ying holds 32.17% of the shares, totaling 93,389,576 shares, with a pledge of 33,134,085 shares[118]. Market Position and Strategy - The company maintained a leading position in the commutator industry, ranking first in domestic production and sales over the past five years[22]. - The company has established strategic partnerships with global clients such as Bosch and Daimler, enhancing its market presence[28]. - The company plans to enhance its market expansion strategies, focusing on new product development and technological advancements[161]. Research and Development - R&D investment increased by 60.38% year-on-year to CNY 23.56 million, focusing on new precision components for electric vehicles, enhancing product structure and technology content[37]. - The company focuses on R&D and has a professional team to maintain its competitive edge in precision components[29]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements made in the report[4]. - The company is committed to improving management systems and internal controls to support business expansion and mitigate management risks[81]. Compliance and Governance - The financial report for the first half of 2017 was approved by the board of directors on August 18, 2017, and includes consolidated financial statements from the company and its subsidiaries[174]. - The company adheres to the latest accounting standards issued by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results[177].

Financial Performance - The company's operating revenue for Q1 2017 was CNY 325,712,643.60, representing a 36.68% increase compared to CNY 238,295,690.87 in the same period last year[6] - The net profit attributable to shareholders for Q1 2017 was CNY 35,712,540.85, up 42.84% from CNY 25,001,990.40 in the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 32,988,999.06, reflecting a 36.87% increase from CNY 24,102,225.44 year-on-year[6] - The net cash flow from operating activities for Q1 2017 was CNY 32,588,332.26, an 18.03% increase compared to CNY 27,609,922.53 in the same period last year[6] - The company's revenue for the current period reached ¥325,712,643.60, representing a 36.68% increase compared to ¥238,295,690.87 in the same period last year, driven by stable growth in various product lines and the acquisition of assets from a German company[13] - The company expects net profit attributable to shareholders for the first half of 2017 to be between ¥6,326.27 million and ¥7,380.65 million, representing a growth of 20% to 40% compared to ¥5,271.89 million in the same period last year[20] Assets and Shareholder Information - The total assets at the end of the reporting period were CNY 1,577,033,273.69, a decrease of 3.17% from CNY 1,628,581,750.14 at the end of the previous year[6] - The net assets attributable to shareholders at the end of the reporting period were CNY 1,041,620,827.51, which is a 3.69% increase from CNY 1,004,590,555.67 at the end of the previous year[6] - The total number of ordinary shareholders at the end of the reporting period was 23,634[9] - The largest shareholder, Wu Ying, held 32.69% of the shares, with a total of 47,069,532 shares, of which 11,500,000 shares were pledged[9] Costs and Expenses - Operating costs increased by 33.94% to ¥231,509,869.19, primarily due to the growth in sales volume[13] - The company reported a significant increase in operating income, which rose by 248.59% to ¥3,690,000.00, attributed to increased government subsidies received[13] - Cash received from sales of goods and services increased by 46.86% to ¥356,558,297.33, reflecting the higher sales scale[13] - The company plans to grant a total of 3 million restricted stocks under its incentive plan, accounting for 2.083% of the total share capital[15] - The company’s management expenses increased by 69.78% to ¥33,624,572.63, mainly due to the addition of management costs from new subsidiaries[13] Financial Management - The company has approved the use of up to ¥100 million of idle raised funds to purchase principal-protected financial products, with a validity period of twelve months[16] - Long-term loans decreased by 31.29% to ¥103,318,487.69 due to repayments made during the period[13] - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[19] - The company reported no non-operating fund occupation by controlling shareholders and their affiliates during the reporting period[24] Corporate Activities - There were no research, communication, or interview activities conducted by the company during the reporting period[25] - The weighted average return on equity was 3.49%, down from 5.43% in the previous year[6] - The basic earnings per share for Q1 2017 was CNY 0.25, an increase of 8.70% compared to CNY 0.23 in the same period last year[6]

Financial Performance - The company's operating revenue for 2016 was CNY 1,115,804,642.69, representing a 26.81% increase compared to CNY 879,924,583.59 in 2015[14]. - The net profit attributable to shareholders for 2016 was CNY 128,702,594.24, a 41.04% increase from CNY 91,254,460.16 in the previous year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 120,406,457.70, up 39.87% from CNY 86,085,540.26 in 2015[14]. - The basic earnings per share for 2016 was CNY 1.16, an increase of 38.10% compared to CNY 0.84 in 2015[14]. - The total assets at the end of 2016 were CNY 1,628,581,750.14, reflecting a 76.24% increase from CNY 924,069,977.32 at the end of 2015[14]. - The total profit for the year was CNY 150.21 million, an increase of 42.14% compared to the previous year[39]. - Net profit reached CNY 128.70 million, up 41.04% year-on-year, with a net profit attributable to shareholders of CNY 120.41 million, growing by 39.87%[39]. - The company achieved a revenue of CNY 1,115.80 million in 2016, representing a year-on-year growth of 26.81%[39]. - The company reported a total of CNY 10,923,975.02 in government subsidies, up from CNY 7,518,534.00 in 2015[21]. Cash Flow and Assets - The net cash flow from operating activities for 2016 was CNY 103,622,169.57, a decrease of 3.90% from CNY 107,823,605.90 in 2015[14]. - The net cash flow from operating activities in Q4 2016 was CNY 38,048,301.84, showing a significant increase compared to previous quarters[20]. - The total cash and cash equivalents increased by CNY 415.80 million, a significant rise of 2,019.91% year-on-year[60]. - As of the end of 2016, cash and cash equivalents increased to ¥472,389,391.86, representing 29.01% of total assets, up from 6.18% in 2015, a significant increase of 22.83%[64]. - Accounts receivable decreased to ¥259,366,805.74, accounting for 15.93% of total assets, down from 23.49% in 2015, a decline of 7.56%[64]. - Inventory increased to ¥154,333,350.24, making up 9.48% of total assets, down from 13.40% in 2015, a decrease of 3.92%[64]. - Fixed assets rose to ¥299,384,470.34, representing 18.38% of total assets, down from 24.67% in 2015, a decline of 6.29%[64]. - The company reported a total of ¥312,265,401.60 in construction in progress, which accounted for 19.17% of total assets, down from 23.86% in 2015, a decrease of 4.69%[64]. Business Expansion and Strategy - The company successfully acquired assets from Watter in Stuttgart, Germany, expanding its market presence in high-strength elastic components for the automotive and aerospace sectors[27]. - The company has expanded its product offerings to include connectors and lightweight automotive components, which are now contributing to revenue growth[27]. - The company established a wholly-owned subsidiary in Japan and is progressing with the North American sales center, enhancing its global strategic layout[42]. - The company plans to establish a North American sales office and enhance its global R&D and production capabilities in 2017[91]. - The company aims to increase its market share and profitability by optimizing its product structure and expanding non-commutator product lines[90]. - The company is actively transforming towards smart manufacturing, completing several demonstration projects to enhance its core competitiveness[44]. Research and Development - Research and development expenses amounted to CNY 39.72 million, an increase of 26.14%, accounting for 3.56% of total revenue[58]. - The company is investing 100 million RMB in R&D for new technologies aimed at improving manufacturing efficiency[170]. Shareholder and Governance Policies - The company has established a profit distribution policy ensuring that cash dividends will not be less than 20% of the distributable profit each year[103]. - The company has committed to maintaining a stable and sustainable return to investors through its dividend policy[104]. - The company reported a commitment to not transfer or manage its directly or indirectly held shares for twelve months following the IPO, ensuring control stability[110]. - The company has established a mechanism for shareholders to reduce their holdings in compliance with regulations, with a maximum reduction of 25% for partners who are directors or senior management[111]. - The company will halt salary and dividends for any shareholder who violates their commitments, ensuring strict adherence to corporate governance[111]. - The company has committed to maintaining the legitimate rights and interests of all shareholders and will not transfer benefits to other entities or individuals unfairly[115]. Market and Competitive Position - The company has established itself as the leading manufacturer in the commutator industry in China, with a top ranking in production and sales over the past five years[25]. - The company maintains a strong client base, including global leaders such as Bosch and Daimler, enhancing its competitive position in the market[25]. - The company successfully acquired assets from the German company Watter, entering the high-strength elastic parts market in Europe, and became a tier-one supplier for Daimler[43]. - The global connector market is expected to expand rapidly due to the growth of the new energy vehicle sector[86]. Employee and Human Resources - The company has established a comprehensive human resources management system to protect employee interests and promote career development[142]. - The total number of employees in the company is 4,248, with 1,816 in the parent company and 2,432 in major subsidiaries[175]. - The company has a total of 70,388 hours of outsourced labor, with total payments amounting to 1,337,372 CNY[180]. - The company strictly adheres to local minimum wage standards and adjusts salaries based on performance and market conditions[177]. Environmental and Social Responsibility - The company is committed to environmental management and has implemented ISO14001 standards to enhance its green development practices[142]. - The company has initiated a new marketing strategy focusing on digital channels, aiming to increase customer engagement by 40%[170]. - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 20% over the next five years[170]. Compliance and Legal Matters - The company has not engaged in any significant litigation or arbitration matters during the reporting period[125]. - The company has not conducted any significant related party transactions during the reporting period[129]. - The company has established a complete financial accounting system, with independent bank accounts and tax registrations, ensuring no shared accounts with the controlling shareholder[195].