证券代码：300008 证券简称：天海防务 公告编号：2024-012 天海融合防务装备技术股份有限公司 关于为全资子公司委外开具保函事项提供反担保的公告 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。 一、担保情况概述 （一）基本情况 近日，天海融合防务装备技术股份有限公司（以下简称"天海防务"或"公司"）与中国 船舶工业贸易上海有限公司（以下简称"中船贸"）签订了相关的《担保合同》，为全资子公 司江苏大津重工有限公司（以下简称"大津重工"）委托中船贸开具银行还款保函事项提供合 计不超过 11,993.52 万美元反担保，折合人民币约 85,355.48 万元（实际担保金额以开具保函 日期的汇率进行折算），该担保金额将根据实际开具的保函额度逐笔生效。 （二）审批情况 公司分别于 2023 年 4 月 21 日、2023 年 8 月 25 日召开第五届董事会第二十三次会议、第 五届董事会第二十五次会议，分别审议通过了《关于 2023 年度对外担保计划的议案》、《关 于为全资子公司追加担保的议案》，并提交公司股东大会审议通过。会议同意公司及下属各子 （孙）公司 ...

证券代码：300008 证券简称：天海防务 公告编号：2024-005 天海融合防务装备技术股份有限公司 第五届董事会第三十一次会议决议公告 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。 天海融合防务装备技术股份有限公司（以下简称"公司"）第五届董事会第三十一次会议 于 2024 年 1 月 16 日 10:00 以通讯方式召开，会议通知于 2024 年 1 月 12 日以邮件、微信方式 送达。本次会议应参加董事 9 人，实际参加董事 9 人，会议由董事长何旭东先生主持，公司监 事、高管列席了会议。本次会议举行与召开符合《公司法》和《公司章程》的有关规定。与会 董事经认真审议，形成决议如下： 一、审议通过了《关于前期会计差错更正及追溯调整的议案》 经会议审议，公司本次会计差错更正及追溯调整符合《企业会计准则第 28 号——会计政 策、会计估计变更和差错更正》和《公开发行证券的公司信息披露编报规则第 19 号——财务 信息的更正及相关披露》等相关规定和要求，公司对相关财务报告进行会计差错更正，是对公 司实际经营状况的客观反映，更正后的信息能够更加客观、公允地反 ...

天海融合防务装备技术股份有限公司 2022 年年度报告全文 天海融合防务装备技术股份有限公司 2022 年年度报告 2023-020 2023 年 4 月 1 天海融合防务装备技术股份有限公司 2022 年年度报告全文 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人占金锋、主管会计工作负责人张晓燕及会计机构负责人(会计 主管人员)吴陈君声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 1、市场周期风险 2022 年，中国的造船业继续保持世界第一，新造船市场长期看好，但短 期波动风险也在聚集。国际船舶市场是典型的周期性市场，而船舶与海洋工程 业务为公司核心业务之一，未来该业务发展水平及盈利能力仍受制于国内外船 舶市场周期性影响，存在不确定性。对此，公司一方面通过扩展船海工程业务 品类增加订单，另一方面积极谋求产业升级与技术创新，提升管理能力，通过 开展降本增效活动，应对国际市场周期性变化所带来的风险。 2、汇率风险 受国际政治、宏观经济、国际收支状况 ...

Financial Performance - The company's revenue for Q1 2022 was ¥318,672,199.04, representing a 76.48% increase compared to ¥180,572,044.65 in the same period last year[5] - Net profit attributable to shareholders decreased by 51.34% to ¥5,710,698.89 from ¥11,736,535.37 year-on-year[5] - The basic earnings per share decreased by 51.47% to ¥0.0033 from ¥0.0068 in the same period last year[5] - The weighted average return on equity fell to 0.34% from 0.71% year-on-year[5] - The net profit for Q1 2022 was CNY 5,609,591.19, a decrease of 52.0% compared to CNY 11,702,136.55 in Q1 2021[23] - Operating profit for Q1 2022 was CNY 5,684,282.98, down 50.1% from CNY 11,384,049.51 in the same period last year[23] - The company reported a net loss of ¥1,762,159,667.29, slightly improved from a loss of ¥1,767,870,366.18 in the previous period[20] - Total revenue from sales and services received in Q1 2022 was CNY 457,169,542.80, significantly up from CNY 191,034,244.08 in Q1 2021, representing an increase of 139.9%[25] - The company experienced a total comprehensive income of CNY 5,609,591.19 in Q1 2022, down from CNY 11,702,136.55 in Q1 2021[23] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥90,928,092.68, a decline of 142.88% compared to -¥37,437,895.06 in the previous year[5] - Cash and cash equivalents decreased to ¥264,518,752.73 from ¥399,663,912.97 at the beginning of the year, representing a decline of 33.8%[18] - The company reported a cash and cash equivalents balance of CNY 59,943,611.45 at the end of Q1 2022, down from CNY 281,464,559.74 at the end of Q1 2021[26] - The total cash outflow from investing activities was CNY 14,778,495.14, compared to CNY 2,195,565.88 in Q1 2021[26] - The net cash flow from financing activities was CNY -7,362,944.60, compared to CNY -1,432,058.91 in the previous year[26] - Total assets increased by 14.60% to ¥2,808,647,123.22 from ¥2,450,762,071.17 at the end of the previous year[5] - Current liabilities surged to ¥1,032,454,930.48 from ¥680,782,650.38, an increase of 51.7%[19] - The company’s total equity stood at ¥1,680,142,237.66, slightly up from ¥1,673,397,506.57, showing a marginal increase of 0.4%[20] Inventory and Expenses - The company's inventory rose by 17.23% to ¥229,604,719.95, attributed to material purchases for shipbuilding projects[9] - Total operating costs amounted to ¥321,251,631.44, up 75.5% from ¥183,146,185.99 year-over-year[21] - Management expenses increased by 54.96% to ¥32,445,090.56, driven by expanded revenue scale and increased personnel costs[9] - Research and development expenses for the quarter were ¥11,160,349.95, compared to ¥8,227,424.81 in the previous period, marking a rise of 35.5%[21] Shareholder Information - The company reported a total of 216,000,000 shares held by Xiamen Longhai Heavy Energy Investment Partnership, accounting for 12.50% of total shares[12] - Liu Nan holds 144,196,453 shares, representing 8.34% of total shares, with 1,400,000 shares frozen[12] - China Great Wall Asset Management Co., Ltd. holds 106,429,235 shares, which is 6.16% of total shares[12] - The company has a total of 296,859,062 restricted shares, with no new restrictions added during the reporting period[14] - The top ten shareholders hold a total of 296,859,062 shares, representing a significant portion of the company's equity[14] - The company is actively managing its shareholder structure, with several shares frozen or pledged among key stakeholders[12] - The company has 70,312,500 shares held by Li Lu, which is 4.07% of total shares, with all shares pledged[12] Contracts and Settlements - The company received the first payment of $40 million from H&C (Singapore) on April 19, 2022, related to the settlement of two vessels[16] - The company is in discussions with H&C (Singapore) regarding the early termination of contracts for vessels DJHC8008 and DJHC8009, with a completion estimate by the end of June 2022[16] - The company has been covering the monthly rental payments for the two vessels until the transaction is finalized[16] Market Activity - The company did not report any new product launches or significant market expansion strategies during the quarter[24]

Financial Performance - The company's operating revenue for Q3 2022 reached ¥849,980,770.74, representing a 207.69% increase year-over-year[5] - Net profit attributable to shareholders was ¥41,479,038.37, a significant increase of 442.24% compared to the same period last year[5] - The basic earnings per share for the period was ¥0.0240, reflecting a 442.91% increase year-over-year[5] - Total revenue for the third quarter reached ¥1,785,022,749.54, a significant increase from ¥859,859,959.64 in the same period last year, representing a growth of approximately 107.1%[23] - The net profit for Q3 2022 was CNY 83,526,959.31, a significant increase compared to CNY 20,146,401.71 in Q3 2021, representing a growth of approximately 314%[24] - The total revenue from operating activities reached CNY 3,917,392,318.95, up from CNY 1,157,810,806.75 in the previous year, indicating a growth of about 238%[26] - The basic and diluted earnings per share for Q3 2022 were both CNY 0.0472, compared to CNY 0.0112 in Q3 2021, reflecting an increase of approximately 321%[25] - The company reported a total comprehensive income of CNY 91,239,153.22 for Q3 2022, compared to CNY 20,146,401.71 in Q3 2021, marking an increase of around 353%[25] - The company incurred a total operating profit of CNY 90,119,918.05, compared to CNY 22,402,706.08 in the previous year, representing an increase of approximately 302%[24] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,476,799,043.31, marking a 41.87% increase from the end of the previous year[5] - The total assets of the company reached ¥3,476,799,043.31, compared to ¥2,450,762,071.17 in the previous year, showing a growth of around 42.0%[22] - The total liabilities increased to ¥1,762,079,261.91 from ¥777,364,564.60, indicating a rise of approximately 126.5%[22] - The company’s total liabilities increased, with a notable rise in financing activities, as evidenced by cash inflow from borrowings of CNY 137,838,714.71, compared to CNY 126,417,001.00 in the previous year[27] Cash Flow and Expenses - The company's cash and cash equivalents rose to ¥607,532,275.16 from ¥399,663,912.97, reflecting a growth of approximately 52.0%[20] - The cash flow from operating activities showed a net inflow of CNY 43,630,060.94, a turnaround from a net outflow of CNY -182,008,980.17 in the same period last year[26] - Investment activities resulted in a net cash outflow of CNY -27,738,132.37, an improvement from the previous year's outflow of CNY -32,549,554.77[27] - The cash and cash equivalents at the end of the period stood at CNY 179,931,115.24, up from CNY 160,821,353.50 at the end of Q3 2021[27] - Research and development expenses for the quarter were ¥46,400,061.64, compared to ¥43,868,586.32 in the previous year, reflecting an increase of about 3.7%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 107,283[11] - The top shareholder, Xiamen Longhai Energy, holds 12.50% of shares, totaling 216,000,000 shares[11] - Liu Nan, a significant shareholder, owns 8.34% with 144,196,453 shares, of which 75,000,000 shares are pledged[11] Strategic Initiatives - The company plans to expand its market presence and enhance its product offerings in the shipbuilding sector, leveraging increased order volumes[8] - The company has been recognized as a national "specialized, refined, characteristic, and innovative" small giant enterprise[12] - The company plans to repurchase shares at a price not exceeding RMB 6.02 per share, with a total repurchase amount between RMB 50 million and RMB 100 million[13] - As of September 14, 2022, the company has repurchased 11,450,400 shares, accounting for 0.66% of the total share capital, with a total expenditure of RMB 50,120,263[14] - The company signed a strategic cooperation letter with Shanghai Port Group for low-carbon intelligent shipping technology development[15] - The company plans to issue shares to specific investors, with a total fundraising amount not exceeding RMB 800 million[17] - The issuance will include a maximum of 518,408,739 shares, representing up to 30% of the total share capital before the issuance[16] Regulatory and Compliance - The company is under investigation by the China Securities Regulatory Commission for potential violations of securities laws[18] Other Financial Metrics - The company reported a 425.31% increase in prepayments, totaling ¥502,850,783.37, due to procurement for shipbuilding projects[8] - Contract assets surged by 419.91% to ¥613,247,297.45, driven by increased project values in shipbuilding[8] - The company experienced a 249.57% increase in accounts payable, reaching ¥731,760,247.75, attributed to the rise in shipbuilding project costs[8] - The total assets impairment loss was reported at CNY -7,825,194.96, while credit impairment losses amounted to CNY 17,792,707.19, indicating ongoing challenges in asset management[24]

Financial Performance - The company's operating revenue for 2021 was ¥1,390,755,630.36, representing a 165.64% increase compared to ¥523,552,744.58 in 2020[21]. - The net profit attributable to shareholders for 2021 was ¥25,970,776.33, a slight increase of 1.62% from ¥25,557,506.83 in 2020[21]. - The net profit after deducting non-recurring gains and losses was ¥15,399,264.73, which is a 182.09% increase from ¥5,458,962.49 in 2020[21]. - The total assets at the end of 2021 amounted to ¥2,450,762,071.17, reflecting a 20.12% increase from ¥2,040,268,857.54 at the end of 2020[21]. - The basic earnings per share for 2021 was ¥0.0150, down 43.18% from ¥0.0264 in 2020[21]. - The weighted average return on equity for 2021 was 1.56%, a decrease of 4.40% compared to 5.96% in 2020[21]. - The net cash flow from operating activities was -¥185,016,783.52, worsening by 43.95% from -¥128,531,902.11 in 2020[21]. - In Q4 2021, the company achieved an operating revenue of ¥530,895,670.72, contributing significantly to the annual total[23]. - The company reported a net profit of ¥6,547,061.42 in Q4 2021, recovering from a loss in Q3[23]. Market and Industry Trends - In 2021, the global shipbuilding investment reached $147 billion, with new shipbuilding investment totaling $103 billion, a year-on-year increase of 106%[31]. - China's shipbuilding completion, new orders, and hand-held orders accounted for 47.2%, 53.8%, and 47.6% of the global total respectively, with increases of 4.1, 5.0, and 2.9 percentage points compared to 2020[32]. - The shipbuilding industry is facing challenges such as labor shortages and rising material costs, while also benefiting from a recovery in global shipping markets[32]. - The international shipbuilding market is experiencing a recovery, but external uncertainties, including geopolitical tensions and rising costs, pose challenges to sustained business expansion[7]. Business Strategy and Development - The company plans to enhance its research and development efforts across its three main business segments to improve core competitiveness and ensure stable growth[8]. - The company aims to adjust its product structure and enhance management capabilities to mitigate risks associated with market cycles and currency fluctuations[6]. - The company has established a competitive shipbuilding engineering EPC business model, which has rapidly gained market recognition[37]. - The company is actively expanding its defense equipment and energy business segments alongside its shipbuilding operations, showing a positive development trend[37]. - The company is committed to promoting and utilizing new energy vessels, with its subsidiary Dajin Heavy Industry recognized as a demonstration unit for LNG-powered vessels by the Ministry of Transport[7]. - The company has entered into a partnership with Nanhua Industrial to expand into ship automation and smart port businesses, creating synergies with existing military products[7]. Research and Development - The company has a strong technical R&D team that has participated in national-level research projects and key engineering projects[46]. - Research and development expenses increased by 76.03% to ¥63,253,850.03, reflecting the company's commitment to enhancing its technological capabilities in the shipbuilding market[86]. - The company increased its R&D personnel from 175 in 2020 to 245 in 2021, representing a growth of 40%[89]. - The company’s R&D investment has been consistently increasing, reflecting its commitment to innovation and market competitiveness[89]. - The company is developing a hydrogen fuel cell ship project, aiming to master key technologies and maintain its market advantage in the new energy ship sector[87]. Operational Challenges - The company faces risks from rising raw material prices and labor costs, which may impact operational performance, and plans to implement cost control measures[7]. - The company emphasizes the importance of contract management and credit assessment of shipowners to reduce the risk of order defaults[6]. - The company has reported a significant increase in material and equipment procurement costs for the marine engineering EPC business, rising by 1,781.21% to ¥595,243,749.01 in 2021 from ¥31,641,459.77 in 2020[79]. - Labor costs for the marine engineering EPC business surged by 202.97%, reaching ¥128,759,211.83 in 2021 compared to ¥42,498,404.31 in 2020[80]. Corporate Governance - The company has established a comprehensive internal control system, with clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management[175]. - The company has implemented strict information disclosure practices, ensuring timely, accurate, and fair communication with all shareholders[126]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[120]. - The company has maintained independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring autonomous business capabilities[129]. Social Responsibility and Compliance - The company emphasizes compliance with legal regulations regarding related party transactions to protect the interests of Tianhai Defense and its shareholders[192]. - The company has committed to fulfilling its social responsibilities, including compliance with laws and regulations, and contributing to national fiscal revenue[185]. - The company donated RMB 50,000 and teaching materials to a primary school in Guizhou to support education in remote areas[186]. - The company focuses on environmental responsibility and has not faced any administrative penalties related to environmental issues during the reporting period[182].

Financial Performance - The company's revenue for Q1 2023 reached ¥630,565,760.29, representing a 97.87% increase compared to ¥318,672,199.04 in the same period last year[5] - Net profit attributable to shareholders was ¥7,938,099.76, up 39.00% from ¥5,710,698.89 year-on-year[5] - The net profit excluding non-recurring gains and losses surged by 1,473.79% to ¥7,521,232.49 from ¥477,906.50 in the previous year[5] - Net profit for Q1 2023 was ¥8,352,973.39, compared to ¥5,609,591.19 in Q1 2022, representing a year-over-year increase of 48.9%[20] - The total comprehensive income for Q1 2023 was ¥8,458,781.48, compared to ¥6,627,091.19 in Q1 2022, indicating a growth of 27.7%[20] Cash Flow - The net cash flow from operating activities improved significantly to ¥81,353,677.26, compared to a negative cash flow of ¥90,928,092.68 in the same quarter last year, marking a 189.47% increase[5] - Cash flow from operating activities generated a net amount of ¥81,353,677.26, a turnaround from a net outflow of ¥90,928,092.68 in the same quarter last year[22] - The net cash flow from financing activities for Q1 2023 was ¥18,637,665.71, compared to a negative net cash flow of ¥7,362,944.60 in Q1 2022, indicating a significant improvement[23] - The company reported a net increase in cash and cash equivalents of ¥36,824,332.95 in Q1 2023, contrasting with a decrease of ¥113,069,532.42 in Q1 2022[23] - The initial cash and cash equivalents balance at the beginning of Q1 2023 was ¥247,817,217.16, compared to ¥173,013,143.87 at the beginning of Q1 2022, showing an increase of approximately 43.1%[23] Assets and Liabilities - Total assets increased by 6.55% to ¥4,071,416,457.11 from ¥3,821,042,830.28 at the end of the previous year[5] - Current assets totaled CNY 2,727,704,431.59, up from CNY 2,573,276,078.95, indicating an increase of about 6%[15] - Total liabilities were CNY 2,230,649,692.58, up from CNY 2,040,273,601.12, representing an increase of approximately 9.3%[16] - The company's short-term borrowings rose to CNY 221,093,426.06 from CNY 200,757,899.08, indicating an increase of about 10.6%[16] - Long-term investments increased to CNY 112,356,534.36 from CNY 95,972,681.31, reflecting a growth of approximately 17%[16] Operational Metrics - The company's accounts receivable rose by 8.06% to ¥22,266.68, while inventory decreased by 13.73% to ¥27,273.75[8] - The company reported a significant increase in contract liabilities, which rose by 30.32% to ¥69,257.19, indicating strong future revenue potential[8] - The company's cash and cash equivalents reached CNY 624,267,874.00, compared to CNY 599,627,596.18 at the start of the year, reflecting a growth of approximately 4.3%[15] - Accounts receivable increased to CNY 222,666,829.31 from CNY 206,053,602.00, marking an increase of around 8.1%[15] - Inventory decreased to CNY 272,737,548.09 from CNY 316,136,169.53, showing a decline of about 13.7%[15] Research and Development - Research and development expenses decreased by 16.87% to ¥927.75, reflecting a strategic focus on cost management[9] - Research and development expenses were ¥9,277,542.80, a decrease of 16.0% from ¥11,160,349.95 in the previous year[18] Earnings Per Share - The basic earnings per share increased by 39.39% to ¥0.0046 from ¥0.0033 in the previous year[5] - Basic and diluted earnings per share for the quarter were both ¥0.0046, up from ¥0.0033 in the same period last year[20] Financial Position - The total owner's equity remained stable at CNY 1,840,766,764.53, with no significant changes reported[16] - The total equity attributable to shareholders of the parent company increased to ¥1,831,732,414.48 from ¥1,773,749,752.74 year-over-year[20] Financial Expenses - The company reported a financial expense of ¥5,081,085.84, a significant change from a financial income of ¥-22,753,268.76 in the previous year[18] Leadership - The company’s legal representative is Zhan Jinfeng, indicating continuity in leadership[25] Audit Status - The report for Q1 2023 was not audited, which may affect the reliability of the financial data presented[24]

Business Performance - The company reported a significant increase in new orders in the first half of 2022, primarily for offshore wind installation platforms, transport vessels, and marine engineering ships, capitalizing on the recovery of the international ship market [9]. - The company's revenue for the reporting period reached ¥935,041,978.80, representing a year-on-year increase of 60.22% [28]. - Net profit attributable to shareholders was ¥40,010,732.96, up 26.84% compared to the same period last year [28]. - The net cash flow from operating activities improved significantly to ¥346,977,075.65, a 330.98% increase from the previous year [28]. - The total assets at the end of the reporting period amounted to ¥3,179,313,456.67, reflecting a growth of 29.73% from the end of the previous year [28]. - The company reported a basic earnings per share of ¥0.0232, which is a 26.78% increase year-on-year [28]. - The company's operating revenue for the reporting period reached ¥935,041,978.80, a year-on-year increase of 60.22% due to a substantial backlog of orders and improved production capacity utilization [58]. - Operating costs increased to ¥856,482,406.15, reflecting a 72.79% rise, primarily driven by rising material and labor costs, which outpaced revenue growth [58]. Risk Management - The company is facing risks from customer defaults due to geopolitical conflicts and international sanctions, which may lead to delayed payments and contract modifications [7]. - The company is committed to strengthening its currency risk management strategies to mitigate potential losses from foreign currency fluctuations [5]. - The company is actively adjusting its product structure and expanding its marine engineering business to mitigate risks associated with the cyclical nature of the international shipbuilding market [4]. - The company is focusing on enhancing contract performance management to reduce customer default risks and improve order fulfillment [7]. Research and Development - The company plans to enhance its research and development efforts across its three main business segments: marine engineering, defense equipment, and new energy, to improve core competitiveness and ensure stable growth [10]. - Research and development investment decreased slightly to ¥30,361,083.80, down 6.11% from the previous year [59]. - The company is actively seeking technological upgrades and new product development in the defense sector, with ongoing projects in the research phase [63]. - The company has allocated approximately 41 million yuan for research and development in new technologies [194]. Market Strategy - The company is exploring new energy trade business opportunities through its investment in Shan Jiao Tian Hai [9]. - The company has established a comprehensive procurement model, ensuring competitive and fair bidding processes to enhance cost efficiency [40]. - The company is focused on maintaining compliance and mitigating potential financial impacts from ongoing litigation [115]. - The company plans to expand its market presence by investing in new technologies and product development [190]. - The company aims to achieve a revenue growth target of 10% for the next fiscal year [190]. - The company has initiated a new strategy focusing on mergers and acquisitions to enhance its competitive edge [190]. Financial Health - Cash and cash equivalents increased to ¥846,261,824, representing 26.62% of total assets, up from 16.31% last year, a growth of 10.31% [65]. - Accounts receivable rose to ¥372,744,768, accounting for 11.72% of total assets, a slight increase of 0.23% from the previous year [65]. - Contract assets surged to ¥427,345,338, now 13.44% of total assets, up from 4.81%, reflecting an increase of 8.63% due to ongoing shipbuilding projects [65]. - Inventory increased to ¥323,680,429, representing 10.18% of total assets, up 2.19% from 7.99% last year, driven by procurement for shipbuilding materials [65]. - The company reported a significant increase in investment amounting to ¥62,400,000, a 730.59% increase compared to the previous year [68]. Legal and Compliance - The company is currently undergoing administrative penalties due to false records in the 2017 annual report, with fines totaling 400,000 yuan imposed by the China Securities Regulatory Commission [119]. - The company has initiated a special meeting to address the administrative penalties and is preparing to rectify and correct related matters, which may involve restating previous financial statements [121]. - The company has been under investigation by the China Securities Regulatory Commission for potential violations of securities laws, which may impact its operations [144]. - The company is actively managing its legal risks and disputes to protect shareholder interests [115]. Shareholder Relations - The company will not distribute cash dividends or issue bonus shares for the reporting period [11]. - The company has committed to maintaining a shareholding ratio of no less than 5% in Tianhai Defense following the completion of its asset restructuring [99]. - The company has pledged to avoid any form of direct or indirect competition with its own subsidiaries, ensuring no similar business activities are conducted [102]. - The company has outlined a structured approach to managing related party transactions to avoid conflicts of interest [103].

Financial Performance - The company's revenue for Q3 2023 reached ¥924,563,298, representing an increase of 8.77% compared to the same period last year[5] - Net profit attributable to shareholders decreased by 40.57% to ¥24,652,071, while the net profit after deducting non-recurring gains and losses was ¥21,300,176, down 9.04%[5] - The company reported a 33.72% increase in operating income year-to-date, totaling ¥2,386,969,658[5] - Total operating revenue for Q3 2023 reached ¥2,386,969,658.08, a 33.7% increase from ¥1,785,022,749.54 in the same period last year[20] - Net profit for Q3 2023 was ¥90,039,931.44, representing an increase of 7.3% compared to ¥83,526,959.31 in Q3 2022[21] - Earnings per share (EPS) for Q3 2023 was ¥0.0517, compared to ¥0.0472 in the previous year, reflecting a 9.5% increase[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,031,680,061, reflecting a growth of 5.51% from the end of the previous year[5] - Total liabilities as of Q3 2023 were ¥2,105,397,110.35, slightly up from ¥2,040,273,601.12 at the end of the previous year[20] - The total assets increased from ¥3,821,042,830.28 to ¥4,031,680,061.18, reflecting a growth of about 5.5%[17] - Total equity increased to ¥1,926,282,950.83 from ¥1,780,769,229.16, indicating a growth of 8.2%[20] - The company’s total equity attributable to shareholders increased by 8.07% to ¥1,916,935,720 compared to the end of the previous year[5] Cash Flow - Cash flow from operating activities showed a net outflow of ¥264,417,660, a significant decline of 706.04% compared to the previous period[10] - Operating cash inflow for the period was CNY 3,255,733,532.29, a decrease of 16.9% compared to CNY 3,917,392,318.95 in the previous period[22] - Net cash flow from operating activities was negative CNY 264,417,660.47, compared to a positive CNY 43,630,060.94 in the same period last year[22] - Cash inflow from financing activities was CNY 468,559,602.00, significantly higher than CNY 137,838,714.71 in the previous period[23] - Net cash flow from financing activities was positive CNY 134,286,113.03, compared to a negative CNY 8,973,957.20 in the same period last year[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 111,297[12] - The largest shareholder, Xiamen Longhai Heavy Energy Investment Partnership, holds 12.50% of shares, totaling 216,000,000 shares[12] - The number of shares held by the top ten unrestricted shareholders includes China Great Wall Asset Management Co., Ltd. with 106,429,235 shares[13] Research and Development - Research and development expenses for the quarter were ¥4,448,550, a decrease of 4.13% compared to the previous year[10] - The company has ongoing research and development efforts, although specific new products or technologies were not detailed in the provided content[16] - Research and development expenses for Q3 2023 were ¥44,485,525.89, a decrease of 4.0% from ¥46,400,061.64 in the same quarter last year[20] Financial Adjustments and Standards - The company adjusted its fundraising target for a specific stock issuance to no more than ¥790 million[14] - The company did not undergo an audit for the third-quarter report[24] - The company began implementing new accounting standards in 2023, affecting the financial statements[24] Other Financial Metrics - The weighted average return on equity was 1.30%, down 1.12% from the previous year[5] - The company experienced a 65.70% increase in accounts receivable, attributed to increased collections from marine engineering projects[9] - The company’s financing activities generated a net cash inflow of ¥13,428,610, a significant increase of 1596.39% due to increased bank loans[10] - Total current assets rose from ¥2,573,276,078.95 to ¥2,761,718,065.55, an increase of approximately 7.3%[17] - The company has a long-term equity investment valued at ¥95,606,153.88 as of September 30, 2023[17] - The company reported a financial expense of ¥4,124,770.64, compared to a financial income of -¥68,838,742.99 in the previous year, indicating a significant shift in financial performance[20] - Other comprehensive income after tax for Q3 2023 was ¥11,684,774.35, up from ¥7,712,193.91 in Q3 2022, marking a 51.2% increase[21]

Financial Performance - The company's revenue for the first half of 2023 was CNY 1,462,406,360.11, representing a year-on-year increase of 56.40% compared to CNY 935,041,978.80 in the same period last year [29]. - The net profit attributable to shareholders for the same period was CNY 64,660,105.63, up 61.61% from CNY 40,010,732.96 in the previous year [29]. - The company's total revenue for the reporting period was 146,240.64 million yuan, representing a year-on-year increase of 56.40% [66]. - The net profit attributable to shareholders was 6,466.01 million yuan, reflecting a year-on-year growth of 61.61% [66]. - The shipbuilding EPC business achieved a revenue of 12.69 billion yuan, accounting for 87% of total revenue, with a year-on-year increase of 64% [67]. - The defense equipment and products business saw a revenue increase of 114%, driven by new orders for special unmanned vessels and underwater security products [68]. - The energy business experienced a revenue decline of 46% due to a 30% drop in natural gas market prices compared to the previous year, although the gross margin improved by 6.32% [69]. - The shipbuilding engineering technical service business reported a revenue growth of 59% and a gross margin increase of 5.27% [70]. - The gross profit margin for the first half of 2023 was reported at 35%, a slight improvement from 32% in the same period last year [121]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan for the first half of 2023, representing a year-on-year growth of 15% [120]. Cash Flow and Financial Position - The company reported a net cash flow from operating activities of -CNY 121,303,455.67, a decrease of 134.96% compared to CNY 346,977,075.65 in the previous year [29]. - Cash and cash equivalents decreased to ¥35,766,631.33, down 87.57% from ¥287,777,072.50 in the previous year [73]. - The company reported a substantial increase in financing cash flow, which rose to ¥213,496,533.42, a 1,429.31% increase due to expanded bank credit lines [73]. - The net cash flow from operating activities was -121,303,455.67 yuan, a significant decrease from 346,977,075.65 yuan in the previous year [194]. - The company raised 392,000,000.00 yuan through borrowings in the first half of 2023, compared to 106,450,000.00 yuan in the same period of 2022 [195]. - The ending balance of cash and cash equivalents was 142,972,053.22 CNY, up from 51,239,402.68 CNY at the end of the previous period [200]. Business Segments and Operations - The company has three main business segments: marine engineering, defense equipment, and energy, and it is focusing on R&D and marketing to enhance competitiveness [9]. - The shipbuilding and marine engineering business generated a revenue growth of 41.19% year-on-year, with a net profit increase of 55.19% [37]. - The company secured new orders for 7 offshore vessels and 8 transport vessels during the reporting period, with a total of 39 and 33 orders on hand respectively [40]. - The company has established a supplier management system, ensuring that suppliers are evaluated based on their business, technical, and service qualifications, with a focus on reducing costs and improving efficiency [42]. - The company’s defense equipment business includes the design and assembly of special defense vessels and related products, with a focus on underwater security equipment and intelligent ship systems [46]. - The company’s procurement process includes a classification of materials into A, B, and C categories, ensuring that critical components are sourced from qualified suppliers [47]. - The production process is divided into planning, manufacturing, and service stages, ensuring a structured approach to project execution [48]. Risk Management - The company faces foreign exchange risks primarily from USD and EUR-denominated export ship orders, and it plans to implement hedging strategies to manage these risks [5]. - There is a risk of customer defaults due to macroeconomic uncertainties, and the company is enhancing credit assessments and contract management to mitigate this risk [7]. - Rising costs of raw materials and labor are impacting production costs, and the company aims to improve management and cost control to minimize these effects [8]. - The company has established a risk management system for futures hedging to mitigate price volatility risks [86]. - The company aims to avoid speculative trading in futures and focuses on hedging against commodity price fluctuations [86]. Research and Development - Research and development expenses were ¥30,766,067.95, showing a slight increase of 1.33% year-on-year [72]. - The company is actively exploring hydrogen, helium, and renewable energy sectors, including wind and solar power [60]. - The company has established a comprehensive technology patent portfolio in key equipment and systems for liquefied natural gas (LNG) cargo systems, natural gas power systems, and refueling systems [50]. - The company has received over 400 technology patents and has been recognized as a "specialized and innovative" enterprise by the Ministry of Industry and Information Technology [57]. - The company is investing in research and development, allocating 7.70% of its revenue towards innovation and new technologies [139]. Corporate Governance and Shareholder Relations - The company emphasizes the protection of shareholder rights and adheres to legal regulations to enhance corporate governance [109]. - The company conducted multiple investor meetings to discuss its business operations and future plans throughout the reporting period [97]. - The company has committed to providing a supportive work environment to enhance employee satisfaction and well-being [110]. - The company has implemented measures to enhance communication with investors, including regular updates and interactive platforms [110]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period [102]. Strategic Initiatives and Future Outlook - The company aims to enhance shareholder value by implementing a dividend policy that targets a payout ratio of 30% of net profits starting from 2024 [118]. - The company has set a performance guidance for the second half of 2023, projecting a revenue target of 1.5 billion RMB, which would mark a 10% increase from the first half [118]. - A strategic acquisition is planned, with the company looking to acquire a competitor for approximately 500 million RMB to enhance its technological capabilities [119]. - The company is expanding its market presence, targeting international markets with a focus on Southeast Asia, aiming for a 25% increase in market share by the end of 2024 [118]. - The company has outlined a positive outlook for the second half of 2023, projecting a revenue growth of 10% to 12% [122].