Financial Performance - Net profit attributable to shareholders increased by 140.77% to CNY 41,198,066.93 for the current period[7] - Operating revenue for the current period reached CNY 262,093,237.85, a growth of 48.92% year-on-year[7] - Basic earnings per share rose by 137.50% to CNY 0.19 for the current period[7] - The net profit after deducting non-recurring gains and losses was CNY 35,269,534.35, reflecting a 119.06% increase year-on-year[7] - The company reported a total comprehensive income of CNY 41,310,476.12 for the quarter, up from CNY 17,640,505.16 in Q3 2017[52] - The net profit for Q3 2018 reached CNY 41,130,466.69, up 132.00% from CNY 17,701,840.78 in Q3 2017[51] - The company's net profit attributable to shareholders was ¥85,161,446.63, compared to ¥57,052,653.63 in the previous period, marking an increase of about 49.3%[59] - The total profit for the current period was ¥97,594,897.01, compared to ¥63,913,297.52 in the previous period, reflecting an increase of about 52.6%[59] Assets and Liabilities - Total assets increased by 57.06% to CNY 1,975,519,161.25 compared to the end of the previous year[7] - The company's total assets increased to CNY 1,882,805,654.61, compared to CNY 1,142,071,264.10 at the beginning of the period, reflecting a growth of 64.73%[47] - Total liabilities reached CNY 920,792,569.42, up from CNY 579,262,306.52, which is an increase of approximately 58.9%[44] - The company's equity attributable to shareholders increased to CNY 1,053,371,035.41 from CNY 673,988,817.61, reflecting a growth of about 56.3%[44] - Short-term borrowings increased to CNY 312,565,567.90 from CNY 105,000,000.00, indicating a rise of about 196.2%[44] Cash Flow - The net cash flow from operating activities was negative at CNY -119,565,140.34, a decline of 589.51% compared to the same period last year[7] - Cash inflow from operating activities totaled CNY 670,390,995.97, up from CNY 336,904,831.48 in the previous year, representing a growth of approximately 99%[65] - The net cash flow from operating activities was -CNY 292,889,823.49, worsening from -CNY 135,188,668.35 year-over-year[66] - Financing activities resulted in a net cash inflow of CNY 184,612,906.74, significantly improving from CNY 4,906,834.25 in the same period last year[67] Expenses and Costs - Operating costs increased to ¥444,641,227.97, a rise of 39.84% from ¥317,963,332.49, primarily due to the increase in sales revenue and changes in product cost structure[17] - The company incurred a 129.84% rise in management expenses, totaling ¥43,095,205.03, mainly due to increased stock incentive costs and higher personnel expenses[19] - Research and development expenses for the quarter were CNY 12,399,094.57, an increase of 35.00% from CNY 9,177,911.76 in the previous year[50] Shareholder Information - The company reported a total of 18,569 common shareholders at the end of the reporting period[11] - The largest shareholder, Shenzhen Yingweike Investment Co., Ltd., holds 26.60% of the shares[11] - A major shareholder reduced their holdings by 2,150,100 shares, approximately 1.00% of the total share capital, as of September 12, 2018[25] - The company repurchased and canceled 76,315 restricted shares, accounting for 0.0355% of the total share capital, at a price of ¥12.113 per share[26] Government Support and Subsidies - The company received government subsidies amounting to CNY 8,511,683.39 during the reporting period[8] Investment Activities - The company reported a 997.34% increase in investment income to ¥13,856,919.76, resulting from the acquisition of Shanghai KOTAI[19] - Investment cash payments increased by 130.82% to ¥418 million, primarily due to the acquisition of subsidiary Shanghai KOTAI and the purchase of bank wealth management products[22] Inventory and Receivables - The company’s inventory increased by 48.97% to ¥231,266,762.81, attributed to an increase in stock and unverified project engineering[15] - Accounts receivable increased to CNY 580,313,454.22 from CNY 509,335,289.86, representing a growth of about 13.9%[42]

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 432,806,108.15, representing a 42.95% increase compared to CNY 302,777,089.22 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 43,963,379.70, up 10.07% from CNY 39,941,504.39 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 22.08%, amounting to CNY 30,027,766.59 compared to CNY 38,534,241.50 last year[17]. - The net cash flow from operating activities was negative at CNY -173,324,683.15, a decline of 47.07% from CNY -117,848,072.04 in the previous year[17]. - Total assets at the end of the reporting period reached CNY 1,782,872,842.99, a 41.75% increase from CNY 1,257,775,032.10 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company increased by 49.60%, totaling CNY 1,008,282,292.33 compared to CNY 673,988,817.61 at the end of the previous year[17]. - Basic earnings per share rose to CNY 0.22, reflecting a 10.00% increase from CNY 0.20 in the same period last year[17]. - The weighted average return on net assets was 5.88%, down from 6.42% in the previous year, indicating a decrease of 0.54%[17]. Business Expansion and Diversification - The company has expanded its main business to include air conditioning and services for rail transit trains following the acquisition of Shanghai KOTAI, completed on May 4, 2018[25]. - The company’s main products include energy-saving temperature control products for data centers, server rooms, and outdoor cabinets, with significant applications in various industries[25]. - The company has established a strong position in the outdoor cabinet cooling market, maintaining a leading status through competitive pricing and product quality[27]. - The modular data center solutions, particularly the XRow and XSpace products, have gained significant traction among major clients like Tencent and Alibaba, enhancing the company's market presence[29]. - The company has seen a notable increase in revenue from non-communication sectors, indicating successful diversification efforts[27]. - The company is actively preparing for the upcoming 5G base station market by completing product designs for cabinet cooling solutions[30]. - The company’s integration of Shanghai KOTAI's electric bus air conditioning business has strengthened its overall capabilities in the new energy vehicle sector[28]. - The company’s market expansion includes applications in power, energy storage, and industrial sectors, with a focus on high-end industrial equipment temperature control[31]. Research and Development - The company’s R&D investment reached CNY 18.98 million during the reporting period, with a total of 40 software copyrights and 176 patents obtained, including 19 invention patents[35]. - The company is actively participating in the drafting of national and industry standards for various cooling and air conditioning systems, enhancing its position in the market[35]. - The company has established new technology research institutes in Shenzhen and Beijing to foster innovation and product development[35]. - Research and development expenses rose by 59.82% to CNY 18.98 million, reflecting increased investment in innovation[46]. - Investment in R&D increased by 30% year-on-year, focusing on new technologies and product innovations[88]. Financial Position and Assets - The company's fixed assets increased by 94.03% compared to the beginning of the period, mainly due to the addition of laboratories, equipment, and the acquisition of Shanghai KOTAI[32]. - Intangible assets grew by 155.43% compared to the beginning of the period, primarily due to the acquisition of Shanghai KOTAI and the resulting valuation increase[32]. - Accounts receivable increased by 32.47% compared to the beginning of the period, attributed to the expansion of sales scale[32]. - Inventory rose by 77.56% compared to the beginning of the period, mainly due to an increase in goods dispatched that had not yet been accepted at the end of the reporting period[32]. - Cash and cash equivalents at the end of the reporting period amounted to ¥326,932,750.45, representing 18.34% of total assets, a decrease of 5.03% compared to the previous year[57]. - Total current assets increased to CNY 1,411,503,905.02 from CNY 1,169,783,900.05, representing a growth of approximately 20.6%[162]. - Total liabilities rose to CNY 773,167,393.99 from CNY 579,262,306.52, an increase of approximately 33.5%[163]. - Total equity increased to CNY 1,009,705,449.00 from CNY 678,512,725.58, representing a growth of approximately 48.7%[164]. Strategic Initiatives and Future Outlook - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company plans to optimize resource allocation and expand its scale through mergers and acquisitions, as well as refinancing strategies[79]. - The company aims to diversify its business structure by enhancing its core temperature control energy-saving business while developing new areas such as bus air conditioning and rail transit air conditioning services[80]. - The company expects a revenue growth of 25% for the second half of 2018, driven by new product launches and market expansion strategies[88]. - The company is focused on enhancing customer engagement through digital marketing initiatives, aiming for a 20% increase in customer retention rates[88]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2019[88]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million RMB allocated for strategic investments in 2018[90]. Shareholder and Corporate Governance - The company will not distribute cash dividends or issue bonus shares for the first half of 2018[85]. - The company has established a performance evaluation system to retain core talent and enhance team stability, which is crucial for maintaining competitive advantages[78]. - The company has fulfilled all commitments made to minority shareholders as per the prospectus[92]. - The financial statements were approved by the board of directors on August 13, 2018, ensuring compliance with corporate governance standards[196]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring transparency and accuracy in financial reporting[200]. Risks and Challenges - The report highlights potential risks and countermeasures faced by the company, which investors should pay attention to[4]. - The company faces risks related to goodwill impairment following the acquisition of Shanghai KOTAI, but the likelihood of significant impairment is considered low[79]. - The company reported a significant increase in prepayments to CNY 67,051,627.59 from CNY 6,609,200.43, a growth of about 911.5%[161]. - The company reported a net loss attributable to shareholders of 23,999,928, indicating a significant reduction in profitability[187].

Revenue and Profitability - The company's revenue for Q1 2018 was ¥137,047,041.04, representing a 15.11% increase compared to ¥119,057,553.98 in the same period last year[7] - Net profit attributable to shareholders decreased by 78.90% to ¥2,876,428.43 from ¥13,634,360.03 year-on-year[7] - The net profit after deducting non-recurring gains and losses was negative at ¥-355,577.26, a decline of 102.64% compared to ¥13,485,884.68 in the previous year[7] - Basic and diluted earnings per share both dropped by 85.71% to ¥0.01 from ¥0.07 year-on-year[7] - The company reported a net profit of CNY 258,779,455.38, down from CNY 268,058,087.71 year-over-year[36] - The net profit for the first quarter of 2018 was CNY 81,439,675.06, a significant recovery from a net loss of CNY 8,033,802.78 in the previous year[46] Cash Flow and Liquidity - The net cash flow from operating activities was ¥-58,208,500.62, an improvement of 44.48% from ¥-104,838,100.32 in the same period last year[7] - As of March 31, 2018, the company's cash and cash equivalents amounted to CNY 359.47 million, a decrease from CNY 481.01 million at the beginning of the year[33] - The company's cash and cash equivalents decreased to CNY 274,021,405.49 from CNY 387,360,290.32, a decline of 29.2%[37] - The ending cash and cash equivalents balance was 240,841,434.11 yuan, down from 351,511,804.47 yuan at the beginning of the period, reflecting overall cash management challenges[53] - The company experienced a foreign exchange loss impacting cash and cash equivalents by -2,016,792.59 yuan during the quarter[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,213,758,546.10, down 3.50% from ¥1,257,775,032.10 at the end of the previous year[7] - Total liabilities decreased to CNY 538,654,103.29 from CNY 579,262,306.52 at the start of the year, reflecting a reduction of 7.0%[35] - Non-current assets totaled CNY 96,229,251.94, an increase from CNY 87,991,132.05 at the beginning of the year[36] - Accounts receivable stood at CNY 413.67 million, down from CNY 447.72 million at the beginning of the year[33] - Inventory increased to CNY 172.10 million from CNY 155.25 million at the beginning of the year[33] Expenses - Total operating costs for Q1 2018 were CNY 137,756,525.89, up 32.8% from CNY 103,638,334.15 in Q1 2017[41] - Operating costs included CNY 89,539,394.27 in cost of goods sold, which rose from CNY 77,922,441.83 year-over-year[41] - Sales expenses increased by 41.02% to ¥1,541.52 million due to increased market investments during the reporting period[16] - Management expenses rose by 96.66% to ¥2,081.18 million mainly due to stock-based compensation and salary increases[16] - The total assets impairment loss was CNY 7,255,455.83, up from CNY 3,084,087.10 in the previous year, indicating increased asset risk[42] Shareholder Information - The company reported a total of 21,186 common shareholders at the end of the reporting period[11] - The largest shareholder, Shenzhen Yingweike Investment Co., Ltd., holds 28.23% of the shares, with 57,192,093 shares pledged[11] - The company reported a significant increase in cash dividends paid, up 3235.59% to ¥1,429.47 million, due to the implementation of the 2017 annual equity distribution plan[17] Strategic Initiatives - The company is in the process of a major asset restructuring to acquire urban rail transit vehicle air conditioning business, which is expected to enhance revenue and profit[18] - The company plans to strengthen its new energy vehicle air conditioning business post-acquisition, improving technical and market synergies[18] - The company is focused on enhancing its market position through strategic acquisitions and restructuring efforts[20] - The company has been transparent in its communications regarding the restructuring process, providing regular updates to stakeholders[20] Regulatory and Compliance - The company received administrative licensing application acceptance notifications from the China Securities Regulatory Commission (CSRC) in December 2017[21] - The company’s stock was suspended multiple times during the restructuring process, with the latest resumption of trading announced in March 2018[21] - The company has received approval from the CSRC for its asset acquisition and related transactions in April 2018[21] - The company has been actively responding to feedback from the CSRC regarding its asset acquisition and restructuring plans[21] Research and Development - The company conducted multiple institutional research activities to discuss business development and performance outlook[28] - The company has revised its accounting policies as of February 6, 2018[23]

Financial Performance - The company's operating revenue for 2017 was ¥786,987,376.78, representing a 51.86% increase compared to ¥518,244,872.19 in 2016[17] - The net profit attributable to shareholders for 2017 was ¥85,606,736.96, which is a 19.22% increase from ¥71,805,645.78 in 2016[17] - The net profit after deducting non-recurring gains and losses was ¥77,204,943.21, up 10.41% from ¥69,925,377.03 in 2016[17] - The company's total assets increased by 37.08% to ¥1,257,775,032.10 at the end of 2017, compared to ¥917,556,860.89 at the end of 2016[18] - The net assets attributable to shareholders rose by 12.69% to ¥673,988,817.61 at the end of 2017, from ¥598,087,079.10 at the end of 2016[18] - The basic earnings per share decreased by 12.24% to ¥0.43 in 2017, down from ¥0.49 in 2016[17] - The weighted average return on equity was 13.50% in 2017, a decrease of 15.06% from 28.56% in 2016[17] - The net cash flow from operating activities was negative at -¥60,585,731.18, a decline of 210.53% compared to ¥54,814,211.93 in 2016[17] Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥0.60 per 10 shares to all shareholders based on a total share capital of 202,584,346 shares as of December 31, 2017[4] - The company has adhered to its profit distribution policy, ensuring stable returns to investors without adjustments during the reporting period[97] - The company proposed a cash dividend of 0.60 RMB per 10 shares for the year 2017, totaling 12,155,060.76 RMB (including tax), based on a total share capital of 202,584,346 shares[99] - The cash dividend for 2016 was 2,400,000 RMB (including tax), with a distribution of 3.00 RMB per 10 shares, and a capital increase of 15 shares per 10 shares[98] - In 2017, the net profit attributable to shareholders was 85,606,736.96 RMB, with the cash dividend representing 14.20% of this profit[100] - The cash dividend accounted for 100% of the profit distribution for the year 2017[101] Revenue Growth and Market Expansion - The company's total revenue for Q4 was 308,212,019.90 CNY, marking a significant increase compared to Q1's 119,057,553.98 CNY[22] - The net profit attributable to shareholders for Q4 was 28,554,083.33 CNY, showing a growth from Q1's 13,634,360.03 CNY[22] - The company has expanded its product offerings in the new energy vehicle sector, achieving significant market share growth in electric bus air conditioning systems[31] - The company has achieved a notable increase in market share in the new energy vehicle air conditioning sector, with production and sales of new energy vehicles reaching 794,000 and 777,000 units respectively in 2017, marking a year-on-year growth of 53.8% and 53.3%[35] - The company has established strong relationships with major clients such as Alibaba, Tencent, and Huawei, enhancing its market presence in the data center sector[43] - The company has increased its overseas market presence, gaining recognition from global telecommunications equipment manufacturers for its products[34] Research and Development - The company’s R&D investment reached CNY 33.31 million in the reporting period, with a total of 122 patents obtained, including 15 invention patents[40] - The company has established new technology research institutes in Shenzhen and Beijing to foster innovation and collaboration for new products and technologies[40] - The company is actively researching and designing DC inverter compressors for new energy logistics and passenger vehicles[31] - The company has developed a low-temperature heat pump technology for electric vehicle air conditioning, addressing winter heating challenges in northern regions[31] - The company is focused on new product and technology development, with ongoing projects aimed at enhancing its market position[113] Operational Efficiency and Cost Management - The company is implementing new strategies to improve operational efficiency, aiming for a 15% reduction in operational costs by the end of the next fiscal year[106] - The company has committed to maintaining a gross margin of at least 40% in the upcoming year[111] - The company emphasized rapid product launches that meet customer needs and industry trends, aiming to become a leader in each market segment[88] Risk Management and Compliance - The company has identified potential risks in its future operations, which are discussed in the report[4] - The company faces risks from intensified market competition, talent acquisition challenges, and potential changes in national industrial policies[91] - The company is committed to maintaining compliance with regulatory standards, ensuring long-term operational integrity[108] Corporate Governance and Shareholder Relations - The independent directors fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[98] - The company ensured that minority shareholders had ample opportunity to express their opinions and that their rights were adequately protected[98] - The company has not reported any non-compliance with commitments made to minority shareholders during the reporting period[115] Employee and Management Structure - The total number of employees in the company is 1,073, with 877 in the parent company and 196 in major subsidiaries[199] - The professional composition includes 413 production personnel, 106 sales personnel, 375 technical personnel, 18 financial personnel, 53 administrative personnel, 21 management personnel, and 87 others[200] - The management team includes experienced professionals with backgrounds in major multinational companies, enhancing the company's strategic direction and operational efficiency[185][186] Strategic Acquisitions and Partnerships - A strategic acquisition was announced, with the company acquiring a competitor for 500 million RMB, expected to enhance its product offerings and market reach[108] - The company is actively pursuing strategic partnerships and potential acquisitions to enhance its market position and product offerings[188]

Financial Performance - The company's operating revenue for 2017 was CNY 786,987,376.78, representing a 51.86% increase compared to CNY 518,244,872.19 in 2016[17]. - The net profit attributable to shareholders for 2017 was CNY 85,606,736.96, which is a 19.22% increase from CNY 71,805,645.78 in 2016[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 77,204,943.21, up 10.41% from CNY 69,925,377.03 in 2016[17]. - The company's total assets at the end of 2017 were CNY 1,257,775,032.10, a 37.08% increase from CNY 917,556,860.89 at the end of 2016[18]. - The net assets attributable to shareholders increased by 12.69% to CNY 673,988,817.61 from CNY 598,087,079.10 in 2016[18]. - The basic earnings per share for 2017 was CNY 0.43, a decrease of 12.24% from CNY 0.49 in 2016[17]. - The weighted average return on net assets was 13.50%, down 15.06% from 28.56% in 2016[17]. - The net cash flow from operating activities for 2017 was negative CNY 60,585,731.18, a decline of 210.53% compared to a positive CNY 54,814,211.93 in 2016[17]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.60 per 10 shares to all shareholders based on a total share capital of 202,584,346 shares as of December 31, 2017[4]. - The company has established a profit distribution policy to ensure stable returns to investors, adhering to its profit distribution plan during the reporting period[92]. - The company proposed a cash dividend of 0.60 CNY per 10 shares for the year 2017, totaling 12,155,060.76 CNY (including tax), which represents 14.20% of the net profit attributable to shareholders[94][95]. - The company has maintained a cash dividend payout ratio of 100% for the 2017 profit distribution plan, ensuring all distributable profits are returned to shareholders[96][98]. Revenue Growth and Product Development - The company's total revenue for Q4 was 308,212,019.90 CNY, marking a significant increase compared to Q1's 119,057,553.98 CNY[22]. - The net profit attributable to shareholders for Q4 was 28,554,083.33 CNY, up from 13,634,360.03 CNY in Q1, reflecting strong quarterly growth[22]. - The net cash flow from operating activities turned positive in Q4 at 74,602,937.17 CNY, after negative cash flows in the first three quarters[22]. - The company has successfully delivered evaporative cooling solutions to major clients like Qihoo 360, earning the "2017 Data Center Science and Technology Outstanding Award (Innovation)"[28]. - The company launched the XFlex modular evaporative cooling unit in 2017, which won the "2017 Data Center Science and Technology Outstanding Award (Product R&D Technology Progress Award)"[28]. - The company has expanded its product offerings in the outdoor cabinet cooling sector, targeting industries beyond telecommunications, leading to increased revenue contributions[30]. - The company has optimized its electric air conditioning products for new energy vehicles, enhancing its market share and industry influence in this sector[31]. - The company has established a strong position in the data center cooling market, serving major clients such as Alibaba and Tencent, driven by continuous innovation and investment in data center infrastructure[29]. Research and Development - The company’s R&D investment reached CNY 33.31 million in the reporting period, with a total of 122 patents obtained, including 15 invention patents[40]. - The company has established new technology research institutes in Shenzhen and Beijing to foster innovation and collaboration for new products and technologies[40]. - The company is actively participating in the formulation of industry standards, enhancing its position as a leader in the temperature control and cooling equipment sector[39]. - The company is committed to developing new temperature control technologies and applications through its established research platform[87]. Market Expansion and Competition - The company has achieved a 53.8% year-on-year growth in sales of new energy vehicles, with a focus on expanding its market share in the electric bus air conditioning sector[35]. - The company has increased its market share in the outdoor cabinet temperature control segment despite rising competition, although price and profit levels have declined[34]. - The company’s overseas market expansion has been recognized by global telecommunications equipment manufacturers, leading to increased revenue from international sales[34]. - The data center industry in China has experienced rapid growth, driven by major internet companies like Tencent and Alibaba, leading to increased demand for temperature control products[32]. Financial Management and Governance - The company has established a governance structure with a shareholders' meeting, board of directors, and supervisory board in compliance with legal requirements[200]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, institutions, and finance[198]. - The company has a complete and independent financial accounting system and management policies in accordance with accounting standards[199]. - The company has a dedicated financial department and independent bank accounts, ensuring financial independence[199]. Shareholder Structure and Management - The company’s shareholding structure shows that 66.75% of shares are subject to restrictions, while 33.25% are freely tradable[149]. - The largest shareholder, Shenzhen Yingweike Investment Co., Ltd., holds 28.23% of the shares, amounting to 57,192,093 shares[164]. - The company has a total of 68,840,681 shares held by senior management, indicating a strong commitment from the leadership team[172]. - The company’s board consists of experienced professionals with backgrounds in major multinational corporations, enhancing its strategic direction[174][175]. Employee Management and Development - The total number of employees in the company is 1,073, with 413 in production, 106 in sales, 375 in technical roles, 18 in finance, 53 in administration, 21 in management, and 87 in other positions[189]. - The company emphasizes talent development through various training programs, including monthly management training and onboarding for new hires[191]. - The company has developed an online learning platform for training, covering all employees and enhancing skill development[192]. Compliance and Regulatory Matters - The company confirmed that all commitments made to minority shareholders were fulfilled on time[102]. - The company’s financial report reflects compliance with the revised accounting standards issued by the Ministry of Finance[107]. - The company has not reported any significant equity investments or non-equity investments during the reporting period[75].

1 深圳市英维克科技股份有限公司 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。 公司负责人齐勇、主管会计工作负责人方天亮及会计机构负责人(会计主管 人员)陈苹声明：保证季度报告中财务报表的真实、准确、完整。 深圳市英维克科技股份有限公司 2017 年第三季度报告正文 证券代码：002837 证券简称：英维克 公告编号：2017-100 深圳市英维克科技股份有限公司 2017 年第三季度报告正文 2 深圳市英维克科技股份有限公司 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 □ 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） | 989,476,157.02 | 917,556,860.89 | | 7.84% | | 归 ...

Financial Performance - The company's operating revenue for the first half of 2017 was ¥302,777,089.22, representing a 27.40% increase compared to ¥237,660,375.05 in the same period last year[17]. - The net profit attributable to shareholders was ¥39,941,504.39, which is a 6.05% increase from ¥37,661,379.54 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥38,534,241.50, up 4.58% from ¥36,848,418.96 in the previous year[17]. - Basic and diluted earnings per share decreased to ¥0.20, down 68.25% from ¥0.63 in the previous year[17]. - The weighted average return on equity dropped to 6.42%, down 9.65% from 16.07% in the same period last year[17]. - The gross profit margin for precision temperature control energy-saving equipment was 33.25%, a decrease of 2.90% from the previous year[41]. - Operating profit for the first half of 2017 was CNY 44,172,661.19, representing a 15.5% increase from CNY 38,406,717.81 in the previous year[132]. - The company reported a total profit for the first half of 2017 of CNY 44,553,908.13, slightly up from CNY 44,074,842.26 in the same period of 2016[132]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥117,848,072.04, a significant decline of 403.40% compared to -¥23,410,334.64 in the same period last year[17]. - Cash and cash equivalents increased to 215,496,202.72 RMB, representing 23.37% of total assets, up from 12.98% in the previous year[47]. - Accounts receivable decreased by 12.44% to 312,497,045.30 RMB, accounting for 33.89% of total assets[47]. - Total liabilities decreased from ¥317,468,007.26 to ¥307,616,948.37, a decline of approximately 3.0%[124]. - Owner's equity increased from ¥600,088,853.63 to ¥614,541,072.27, reflecting a growth of about 2.4%[125]. - The total cash inflow from financing activities was 91,157,877.57 CNY, up from 28,140,287.53 CNY in the previous period, reflecting increased financing efforts[141]. - The company reported a net cash flow from investment activities of -147,524,191.89 CNY, significantly higher than -3,873,600.62 CNY in the prior period, indicating increased investment outflows[140]. Research and Development - The company reported a total R&D investment of CNY 11.879 million during the reporting period, with 9 software copyrights and 124 patents obtained, including 13 invention patents[28]. - Research and development investment amounted to CNY 11.88 million, reflecting a 24.02% increase year-on-year[38]. - The company plans to enhance its technology research and development capabilities to maintain its market position and expand into new product lines[35]. Market Position and Products - The company has three main product lines: outdoor cabinet temperature control, data center temperature control, and air conditioning for new energy vehicles, covering approximately 40 product categories[29]. - The company achieved a year-round energy saving of over 35% with its self-developed iFreecooling natural cooling technology, widely applied by major clients such as China Mobile and China Unicom[29]. - The company has established a stable customer base, including major clients like China Unicom, Huawei, and ZTE, which enhances its market position and growth potential[31]. - The company has been recognized as a leading brand in the data center cooling sector, receiving multiple awards from industry media and organizations from 2013 to 2017[30]. - The demand for precision temperature control products is driven by the rapid growth of industries such as telecommunications, internet, smart grid, and new energy vehicles[26]. - The company has expanded its international presence, with products adopted by renowned telecom operators like Vodafone and SoftBank, and has entered developed markets in Europe, North America, and Japan[32]. Shareholder and Capital Management - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company approved a restricted stock incentive plan on March 28, 2017, granting 2.3 million shares, representing 2.88% of the total share capital of 80 million shares[79]. - The company completed a share increase of 119,999,992 shares, with registration completed on May 31, 2017[102]. - The company distributed a cash dividend of RMB 24 million (including tax) to all shareholders based on a total share capital of 80 million shares as of December 31, 2016[101]. - The company’s shareholders approved the profit distribution and capital reserve conversion at the annual general meeting on May 17, 2017[95]. Accounting and Financial Reporting - The financial report for the first half of the year has not been audited[120]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial reports accurately reflect its financial status and performance[161]. - The company’s financial reports include consolidated statements that reflect the entire corporate group as a single accounting entity[167]. - The company has not reported any significant changes in its accounting policies or estimates during the reporting period[160]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[132]. - The expected net profit attributable to shareholders for the first three quarters of 2017 is projected to be between RMB 55.08 million and RMB 71.61 million, representing a year-on-year increase of 0% to 30%[64].

Financial Performance - The company's operating revenue for the first half of 2017 was ¥302,777,089.22, representing a 27.40% increase compared to ¥237,660,375.05 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥39,941,504.39, up 6.05% from ¥37,661,379.54 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥38,534,241.50, an increase of 4.58% compared to ¥36,848,418.96 in the previous year[17]. - Basic earnings per share decreased by 68.25% to ¥0.20 from ¥0.63 in the previous year[17]. - The weighted average return on equity dropped to 6.42%, down 9.65% from 16.07% in the same period last year[17]. - The company reported a total profit of CNY 44,553,908.13, slightly up from CNY 44,074,842.26 in the same period last year[132]. - The company experienced a decrease in comprehensive income, totaling CNY 36,594,628.36, compared to CNY 37,868,065.58 in the previous year[133]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥117,848,072.04, a significant decline of 403.40% from -¥23,410,334.64 in the same period last year[17]. - Cash flow from operating activities was CNY 182,643,794.99, compared to CNY 187,489,580.91 in the previous period[139]. - The ending balance of cash and cash equivalents was 193,291,866.90 CNY, down from 51,381,932.69 CNY in the previous period, reflecting a decrease in liquidity[141]. - The cash inflow from sales of goods and services was 168,011,561.01 CNY, a decrease from 178,791,846.34 CNY in the previous period, indicating a decline in revenue generation[143]. - The total cash outflow for purchasing goods and services was 325,538,568.80 CNY, compared to 131,746,581.69 CNY in the previous period, highlighting increased costs[143]. Assets and Liabilities - Total assets at the end of the reporting period were ¥922,158,020.64, a slight increase of 0.50% from ¥917,556,860.89 at the end of the previous year[17]. - Total liabilities decreased from 317,468,007.26 to 307,616,948.37, a decline of approximately 3.0%[124]. - Total equity increased from 600,088,853.63 to 614,541,072.27, reflecting a growth of about 2.4%[125]. - The company reported a significant increase in long-term equity investments from 31,839,715.00 to 79,359,715.00, a rise of approximately 149.5%[128]. Research and Development - The company reported a total R&D investment of CNY 11.879 million during the reporting period, with 9 software copyrights and 124 patents obtained, including 13 invention patents[28]. - The company plans to enhance its technology research and development capabilities to maintain its market position and expand into new product lines[35]. - The company has allocated resources for research and development, focusing on innovative product offerings to enhance competitive advantage[153]. Market Position and Strategy - The company has established a stable customer base, including major clients like China Unicom, Huawei, and ZTE, which enhances its market position and growth potential[30]. - The demand for precision temperature control energy-saving products is driven by the explosive growth of IT equipment heat generation due to advancements in information technology and the rapid development of new energy vehicles[26]. - The company has entered international markets, with its products being adopted by renowned telecom operators such as Vodafone and SoftBank, indicating a strong global presence[32]. - The company plans to optimize resource allocation and expand its scale through mergers and acquisitions and refinancing[66]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company approved a restricted stock incentive plan on March 28, 2017, granting 2.3 million shares, representing 2.88% of the total share capital of 80 million shares[79]. - The total number of restricted shares granted was adjusted to 2,292,000 shares after three participants voluntarily gave up their shares[80]. - The company distributed a cash dividend of RMB 24 million (including tax) to all shareholders, based on a total share capital of 80 million shares as of December 31, 2016[101]. Compliance and Governance - The financial report for the first half of 2017 was not audited[120]. - The company has not reported any non-standard audit reports for the current or previous year[73]. - The company has not encountered any issues with the use and disclosure of raised funds during the reporting period[64]. - The company did not engage in any related party transactions during the reporting period[81]. Operational Efficiency - The company has a complete and efficient procurement, production, and sales operation system, which supports its product development and market responsiveness[25]. - The company aims to improve operational efficiency and explore potential mergers and acquisitions to strengthen its market position[153].

Financial Performance - The company's operating revenue for 2016 was ¥518,244,872.19, representing a 23.01% increase compared to ¥421,303,110.20 in 2015[14] - The net profit attributable to shareholders for 2016 was ¥71,805,645.78, a 5.90% increase from ¥67,803,918.77 in 2015[14] - The net profit after deducting non-recurring gains and losses was ¥69,925,377.03, up 7.46% from ¥65,070,973.07 in the previous year[14] - Basic earnings per share for 2016 were ¥1.20, a 6.19% increase from ¥1.13 in 2015[14] - The weighted average return on equity for 2016 was 28.56%, down from 37.34% in 2015[14] - The company reported a total revenue of 1.5 billion RMB for the year 2016, representing a year-on-year growth of 20%[85] - The total profit for the year was CNY 83.06 million, compared to CNY 77.58 million in the previous year, marking a growth of 7.2%[193] - The total comprehensive income for the year was CNY 72.35 million, compared to CNY 67.52 million, reflecting an increase of 7.5%[194] Cash Flow and Assets - The net cash flow from operating activities was ¥54,814,211.93, reflecting a 23.21% increase from ¥44,489,872.96 in 2015[14] - The company reported a cash dividend of 24,000,000.00 CNY for the year 2016, which is 33.42% of the net profit attributable to shareholders[81] - The total cash inflow from financing activities surged by 1,151.35% to ¥373,279,777.53, primarily due to the issuance of common stock[55] - The cash and cash equivalents increased by 1,315.41% compared to the previous year, driven by the significant cash inflow from financing activities[55] - The company's total assets at the end of the period were CNY 909,138,710.25, compared to CNY 435,713,935.76 at the beginning of the period, reflecting a significant growth[190] - The company's cash and cash equivalents reached CNY 471,656,293.47 by the end of 2016, compared to CNY 88,408,635.63 at the beginning of the year, indicating a growth of over 433%[182] Research and Development - The company invested approximately ¥24.42 million in R&D during the reporting period, reflecting its commitment to innovation and product development[28] - The number of R&D personnel grew by 38.50% to 277, accounting for 35.11% of the workforce[51] - Research and development expenses increased by 30% in 2016, totaling 300 million RMB, focusing on new technologies and product innovations[86] - The company aims to enhance its R&D capabilities and expand new product lines to adapt to market trends and customer needs[35] Market and Product Development - The company has established three major product lines: outdoor cabinet temperature control, data center temperature control, and air conditioning for new energy vehicles, addressing diverse market needs[24] - The revenue from new energy vehicle air conditioning surged by 416.26%, reaching CNY 87.73 million, up from CNY 16.99 million in 2015[39] - The company expanded its market presence, becoming a core supplier for Huawei and a qualified supplier for BYD's new energy buses in 2016[32] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2018[86] Governance and Management - The company has established a comprehensive governance structure, but management capabilities will need to adapt to the rapid growth following its successful issuance[75] - The company has a structured approach to governance, with a clear delineation of roles among board members and management[144] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 587.14 million CNY[147] - The company has maintained a strong cash position, with cash flow management being a key focus area for future growth and operational stability[182] Shareholder and Equity Information - The company plans to distribute a cash dividend of ¥3.00 per 10 shares, totaling ¥24 million, and to increase the share capital by 15 shares for every 10 shares held[4] - The company completed its initial public offering (IPO) of 20,000,000 shares of RMB ordinary shares, increasing the total number of shares from 60,000,000 to 80,000,000[119] - The shareholder structure shows that Shenzhen Yingweike Investment Co., Ltd. holds 29.04% of the shares, while other significant shareholders include Shanghai Bingyuan Xu Equity Investment Development Center with 7.36%[126] - The company has committed investments totaling CNY 30,880.68 million, with no funds utilized to date, indicating a 0.00% investment progress[65] Risks and Challenges - The company faces risks from intensified market competition, which could impact its ability to maintain technological and product advancements[75] - The company acknowledges potential human resource risks due to rising labor costs and competition for talent in the industry[75] - The company has not reported any changes in the use of raised funds, maintaining transparency in financial disclosures[66]

Financial Performance - Revenue for Q1 2017 was CNY 119,057,553.98, representing a 34.13% increase compared to CNY 88,765,347.32 in the same period last year[8] - Net profit attributable to shareholders was CNY 13,634,360.03, up 22.79% from CNY 11,103,538.02 year-over-year[8] - Net profit excluding non-recurring items was CNY 13,485,884.68, reflecting a 23.48% increase from CNY 10,921,775.25 in the previous year[8] - The company's operating revenue for the reporting period reached 119.06 million yuan, an increase of 34.13% compared to the previous period, driven by increased product orders and project acceptance[15] - The company's net profit attributable to shareholders for the first half of 2017 is expected to range from 37.66 million yuan to 56.49 million yuan, indicating a potential increase of 0% to 50% compared to the same period in 2016[21] - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a year-over-year growth of 25%[26] - The company reported a gross margin of 40%, which is an improvement from 35% in the previous year[26] Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY -104,838,100.32, compared to CNY -23,055,578.81 in the same period last year[8] - Cash flow from operating activities increased by 49.88% to 9.67 million yuan, primarily due to government subsidies and refunds of bid deposits received during the reporting period[16] - The company's cash and cash equivalents decreased by 31.14% to 324.80 million yuan, mainly due to payments to suppliers and bank loan repayments[15] - Total assets at the end of the reporting period were CNY 852,244,242.13, down 7.12% from CNY 917,556,860.89 at the end of the previous year[8] - Net assets attributable to shareholders increased by 2.37% to CNY 612,237,567.75 from CNY 598,087,079.10 at the end of the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,551[11] - The largest shareholder, Shenzhen Yingweike Investment Co., Ltd., held 29.04% of the shares, amounting to 23,232,060 shares[11] Operational Changes - The company's construction in progress increased by 79.01% to 19.59 million yuan, reflecting the accelerated progress of fundraising project construction[15] - The company's short-term borrowings decreased by 42.98% to 19.90 million yuan, attributed to the repayment of bank loans during the reporting period[15] - Operating expenses have been reduced by 10%, allowing for increased investment in growth initiatives[26] Strategic Initiatives - The company plans to grant 2.3 million restricted stock options to 158 individuals as part of its 2017 incentive plan, representing 2.88% of the total share capital[17] - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing product efficiency[26] - Market expansion plans include entering two new international markets by the end of the year, targeting a 10% market share in each[26] - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of 500 million RMB allocated for potential deals[26] - A new marketing strategy has been implemented, aiming to increase brand awareness by 30% within the next six months[26] Accounts and Financial Management - The company's accounts receivable increased by 54.57% to 61.49 million yuan, primarily due to a higher volume of bank acceptance bills received from sales[15] - The company's asset impairment losses rose by 240.79% to 3.08 million yuan, mainly due to increased provisions for bad debts on accounts receivable[15] - The company's financial expenses improved significantly, showing a decrease of 148.57% to -1.60 million yuan, due to increased interest income from bank deposits and foreign exchange gains[15]