Financial Performance - The net profit attributable to shareholders is expected to increase by 33.00% to 45.00%, with an estimated profit range of 536.48 million to 584.88 million CNY compared to 403.36 million CNY in the previous year[3] - The expected impact of non-recurring gains and losses on net profit for 2018 is estimated to be between 70 million and 80 million CNY[5] Business Growth Drivers - The growth in annual performance is primarily due to the expansion into the emerging IoT market and stable lithium primary battery business[5] - The consumer lithium-ion battery business has formed solid strategic partnerships with well-known domestic and international brands, contributing to overall business growth[5] - The performance of power batteries and energy storage batteries has also seen an increase[5] Investment Income - The investment income from the associated company, Shenzhen Microwell Co., Ltd., exceeded expectations, further boosting the company's profits[5]

Financial Performance - Operating revenue for the period reached CNY 1,125,346,065.92, a 75.02% increase year-on-year[9] - Net profit attributable to shareholders was CNY 219,982,099.80, representing a 142.79% increase compared to the same period last year[9] - Basic earnings per share rose by 136.36% to CNY 0.26 for the current period[9] - The company reported a net profit from continuing operations of ¥383,926,983.68, marking a 111.83% increase compared to ¥181,242,031.05 in the same period last year[27] - The company reported a net increase in cash and cash equivalents of ¥907,822,612.90, contrasting with a decrease of ¥249,900,047.08 in the previous year[71] Cash Flow - The net cash flow from operating activities surged by 679.72% to CNY 122,204,865.01 year-to-date[9] - The net cash flow from operating activities for Q3 2018 was ¥122,204,865.01, a significant improvement compared to a net outflow of ¥21,079,875.40 in the same period last year[70] - Cash inflow from operating activities totaled ¥2,478,710,632.80, compared to ¥2,006,855,376.70 in the previous period, representing an increase of about 23.5%[69] Assets and Liabilities - Total assets increased by 38.33% to CNY 10,320,039,630.08 compared to the end of the previous year[9] - The company's cash and cash equivalents increased by 402.24% to CNY 1,328,189,006.81 due to long-term borrowings and increased cash inflows from business growth[22] - Total liabilities increased significantly, reflecting the company's strategy to leverage debt for growth[22] - Total liabilities amounted to CNY 6.78 billion, up from CNY 4.26 billion, representing an increase of around 59.3%[50] Shareholder Information - The company reported a total of 75,326 common shareholders at the end of the reporting period[13] - The largest shareholder, Tibet Yiwei Holdings Co., Ltd., holds 37.35% of the shares[13] - Liu Jincheng holds 19,036,610 shares, with a lock-up period allowing 25% of shares to be tradable annually during his tenure[16] - The company has not conducted any repurchase transactions among the top 10 shareholders during the reporting period[14] Research and Development - R&D expenses surged by 127.59% to ¥226,697,471.21, reflecting increased investment in product development and technological improvements[27] - Research and development expenses for the quarter were CNY 76,946,179.31, an increase of 48.8% from CNY 51,715,523.23 in the previous year[56] Market Strategy - The company plans to continue expanding its production capacity and investing in new technologies to enhance competitiveness in the lithium battery market[22] - The company has initiated new strategies for market expansion, focusing on both domestic and international markets[22] - The company has ongoing strategic partnerships, including one with Nanjing Jinlong Bus Manufacturing Co., focusing on the development of power battery products for new energy vehicles[30] Dividends and Stock Options - The company distributed cash dividends of RMB 1.00 per 10 shares, totaling RMB 85.64 million, based on a total share capital of 856,366,226 shares as of December 31, 2017[39] - The company has canceled 886,659 restricted stocks and 7,391,129 stock options due to unmet performance targets for the second incentive plan[34] Financial Licenses and Acquisitions - The company has received a financial license and completed the registration of Tianjin Guotai Financial Leasing Co., Ltd. after investing RMB 120 million[31] - The company has completed the acquisition of 100% equity in Jinneng Company for a total of RMB 73.59 million, with the equity transfer registration completed as of the report date[35]

Financial Performance - The company's net profit attributable to shareholders for Q3 2018 is expected to be between 165.01 million and 176.73 million RMB, representing a year-on-year growth of 82.11% to 95.05%[3] - For the first three quarters of 2018, the net profit attributable to shareholders is projected to be between 323.78 million and 335.50 million RMB, reflecting a year-on-year increase of 0.20% to 3.83%[3] - Excluding the impact of the disposal gain from the transfer of controlling interest in Shenzhen Microwell Co., Ltd. in the previous year, the net profit attributable to shareholders for the first three quarters of 2018 is expected to grow by 61.33% to 67.17% compared to 200.69 million RMB in the same period last year[3] - The company anticipates that non-recurring gains and losses will impact net profit by an amount between 10 million and 20 million RMB for the first three quarters of 2018[7] - The performance forecast is based on preliminary calculations by the company's financial center and has not been audited by an external auditor[8] Business Operations - The company has successfully expanded its non-automotive market for ternary cylindrical batteries, leading to a gradual reduction in operational losses[6] - The lithium battery and lithium-ion consumer battery businesses have maintained stable growth during the reporting period[6]

Financial Performance - Total revenue for the first half of 2018 reached ¥1,883,628,763.30, representing a 40.15% increase compared to ¥1,343,990,645.85 in the same period last year[23]. - Net profit attributable to shareholders decreased by 31.72% to ¥158,773,484.10 from ¥232,529,302.22 year-on-year[23]. - The net profit after deducting non-recurring gains and losses was ¥148,091,890.45, down 10.81% from ¥166,039,326.14 in the previous year[23]. - The company’s operating cash flow net increased by 129.45% to CNY 21.99 million, reflecting improved cash flow management[59]. - The company’s net profit for the reporting period was CNY 163,200,803.33, a decrease of 38.92% compared to CNY 267,180,283.64 in the same period last year[60]. - The total profit for the period was CNY 173,682,823.49, down 43.61% from CNY 308,013,346.04 in the previous year[60]. - The company reported a net profit margin of approximately 8.66% for the first half of 2018, down from 19.87% in the previous year[179]. - The company reported a significant decrease in minority shareholders' profit, down 87.22% to CNY 4,427,319.23[61]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, reaching ¥21,998,478.45, compared to a negative cash flow of ¥74,686,812.63 in the previous year, marking a 129.45% increase[23]. - Cash and cash equivalents rose by 69.48%, attributed to increased cash income from business growth and reduced payment usage[42]. - The company’s cash and cash equivalents at the end of the reporting period were CNY 448,192,042.98, representing 5.04% of total assets[66]. - Total current assets increased to CNY 3,813,585,760.49 from CNY 2,926,290,898.53, representing a growth of approximately 30.3%[171]. - Total assets increased by 19.32% to ¥8,901,452,641.62 from ¥7,460,335,988.71 at the end of the previous year[23]. - Total liabilities rose to CNY 5,580,980,223.58 from CNY 4,263,245,974.54, indicating an increase of approximately 30.8%[172]. Investments and R&D - The company increased R&D investment by over 258.43% to CNY 259.08 million, enhancing its capability in developing new products and technologies[59]. - Development expenditures grew by 35.02%, due to the capitalization of R&D project development stages[43]. - The company plans to enhance battery performance through technological innovation to meet national subsidy policies[6]. - The company aims to improve operational efficiency and explore potential mergers and acquisitions to drive growth[200]. Market Strategy and Expansion - The company is focusing on expanding its overseas business to counteract the impact of U.S. tariffs on Chinese goods[11]. - The company aims to maintain its leading position in lithium primary batteries and consumer lithium-ion batteries in niche markets[32]. - The lithium-ion battery segment is experiencing rapid growth, with strategic partnerships established with major automotive manufacturers[41]. - EVE Energy aims to enhance its product uniqueness and expand overseas markets in response to trade risks from U.S. tariffs[84]. Shareholder and Equity Information - The company will not distribute cash dividends or issue bonus shares for the reporting period[12]. - The total number of ordinary shareholders at the end of the reporting period was 77,313[151]. - The largest shareholder, Tibet Yiwei Holdings Co., Ltd., holds 37.35% of the shares, totaling 319,541,422 shares[151]. - The company has not issued any new securities during the reporting period[150]. Compliance and Governance - The company has not faced any penalties or rectification issues during the reporting period[96]. - The company has maintained compliance with all commitments made to minority shareholders, with no violations reported[91]. - The company has no significant litigation or arbitration matters during the reporting period[95]. Risks and Challenges - The company faced risks from fluctuating raw material prices, particularly lithium and cobalt, impacting product costs, and plans to mitigate this through production efficiency improvements[81]. - The company plans to conduct foreign exchange hedging to mitigate potential exchange rate risks from import and export activities[130].

Financial Performance - The company expects a net profit attributable to shareholders of between 143.11 million and 154.12 million CNY for the first half of 2018, representing a decrease of 33.72% compared to the same period last year[3] - The decline in performance is primarily due to a one-time gain of 122.44 million CNY from the disposal of controlling interest in Shenzhen Microwell Co., Ltd. in the previous year[5] - Excluding the impact of the Microwell disposal, the company's net profit is expected to grow by 30% to 40% compared to the same period last year, with a profit of 110.09 million CNY in the previous year[6] - The company anticipates that non-recurring gains and losses will impact net profit by an amount between 6 million and 12 million CNY for the first half of 2018[7] - The performance forecast is based on preliminary estimates from the company's financial center and has not been audited by an external auditor[8] Market Growth Drivers - The rapid growth in the 9GWh power storage battery capacity is driving significant growth in the company's performance in the new energy vehicle and energy storage markets[7] - Increased demand from the Internet of Things market is contributing to the growth of the company's product demand and overall performance[7] - The electronic vaporizer market's rapid expansion is boosting demand for lithium-ion consumer batteries, leading to growth in the company's lithium-ion battery business[7]

惠州亿纬锂能股份有限公司 2018 年第一季度报告全文 惠州亿纬锂能股份有限公司 2018 年第一季度报告 2018-046 2018 年 04 月 1 惠州亿纬锂能股份有限公司 2018 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘金成、主管会计工作负责人唐秋英及会计机构负责人(会计主 管人员)江敏声明：保证季度报告中财务报表的真实、准确、完整。 2 惠州亿纬锂能股份有限公司 2018 年第一季度报告全文 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 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部分） | -802,733.14 | | | 计入当期损益的政府补助（与企业业务密切相关，按照国家统 一标准定额或定量享受的政府补助除外） | 4,609 ...

Financial Performance - The company's operating revenue for 2017 was ¥2,982,304,750.14, representing a 27.46% increase compared to ¥2,339,712,007.50 in 2016[20]. - The net profit attributable to shareholders for 2017 was ¥403,364,781.23, a 60.18% increase from ¥251,815,186.50 in 2016[20]. - The net profit after deducting non-recurring gains and losses was ¥274,094,806.63, which is a 17.23% increase from ¥233,813,127.15 in 2016[20]. - The cash flow from operating activities for 2017 was ¥80,989,718.99, showing a significant increase of 71.47% from ¥47,232,584.50 in 2016[20]. - The total assets at the end of 2017 reached ¥7,460,335,988.71, marking a 70.03% increase from ¥4,387,616,063.86 at the end of 2016[20]. - The net assets attributable to shareholders at the end of 2017 were ¥3,081,955,906.12, which is a 58.51% increase from ¥1,944,278,455.28 at the end of 2016[20]. - The company reported a basic earnings per share of ¥0.47 for 2017, a 62.07% increase compared to ¥0.29 in 2016[20]. - The company achieved total revenue of 298.23 million CNY, representing a year-on-year growth of 27.46% despite not consolidating the sales revenue from McWher during the second half of the year[55]. - Net profit reached 40.34 million CNY, an increase of 60.18% compared to the previous year[55]. - Revenue from lithium primary battery business was 109.12 million CNY, up 40.60% year-on-year, driven by the rapid growth in demand from the IoT sector[55]. - The company's lithium-ion battery business generated revenue of 139.04 million CNY, a significant increase of 67.43% year-on-year[56]. Dividend Policy - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders based on a total share capital of 856,366,226 shares as of December 31, 2017[9]. - The cash dividend payout ratio for 2017 was 100% of the total profit distribution[116]. - The company distributed a cash dividend of RMB 1.2 per 10 shares for the fiscal year 2016, totaling RMB 51,252,517.20[117]. - The cash dividend for 2016 was CNY 51,252,517.20, which accounted for 20.35% of the net profit attributable to ordinary shareholders of CNY 251,815,186.50[120]. - In 2017, the cash dividend amount was CNY 85,636,622.60, representing 21.23% of the net profit attributable to ordinary shareholders of CNY 403,364,781.23[120]. - The company has maintained a clear and defined dividend standard and ratio, ensuring the protection of minority shareholders' rights[116]. Technological Innovation and R&D - The company aims to enhance battery performance through technological innovation to meet national subsidy policies for electric vehicle batteries[5]. - The company is actively pursuing technological advancements in battery production to sustain competitive advantages in the market[5]. - The company is focused on research and development to improve product quality and expand its market presence in energy storage and power business sectors[30]. - The company has applied for a total of 902 patents, with 525 patents granted, showcasing its commitment to technological innovation[48]. - The company's R&D expenditures increased by 38.88% year-on-year, reflecting its focus on enhancing research and development capabilities[50]. - The company emphasizes the importance of research and innovation in new products and technologies to enhance its competitive edge in the battery market[105]. Market Expansion and Production Capacity - The company is expanding its production capacity while maintaining a high level of automation to improve product quality and profitability[5]. - The company plans to expand production capacity for lithium-ion batteries, including square lithium iron phosphate batteries and cylindrical ternary batteries, to meet growing market demands[52]. - The company established two major production bases in Huizhou and Jingmen, with a total battery production capacity expected to reach 9GWh[58]. - The company completed the acquisition of 100% equity in Fuan Te for a total consideration of ¥149,999,000[70]. - The company completed the acquisition of 51% of Funtec, which contributed 3.94 million CNY to the consolidated revenue, enhancing the lithium primary battery business[55]. Risk Management - The company is addressing raw material price volatility by improving production processes to reduce material costs and increasing production efficiency to dilute fixed costs[6]. - The company emphasizes collaboration across the supply chain to minimize risks from raw material price fluctuations[6]. - The company is closely monitoring exchange rate fluctuations to manage risks associated with its import and export activities[8]. - The company is focused on talent acquisition and development to mitigate risks associated with talent shortages during its rapid growth phase[9]. Corporate Social Responsibility - The company donated RMB 6,000 to support the construction of a care center for left-behind children in Jingmen City[165]. - The company organized job placements for 20 individuals from the partnered village to assist in employment poverty alleviation[167]. - The company has established a supply cooperation agreement with the partnered village to support long-term industrial poverty alleviation[168]. - The company actively participated in the "Hundred Enterprises Help Hundred Villages" poverty alleviation initiative in Huizhou City[166]. - The company provided a total of 12.8 million yuan for poverty alleviation efforts, with 0 million yuan allocated for material assistance[171]. Employee Incentives - The first employee stock ownership plan was completed, with 3,547,732 shares purchased at an average price of RMB 29.76 per share, representing 0.83% of the total equity at that time[139]. - The company implemented the second employee stock ownership plan, purchasing 851,622 shares, accounting for 0.20% of the total share capital, with a total transaction amount of ¥29,445,396.50 at an average price of ¥34.58 per share[140]. - The company granted 14,296,400 stock options to 390 incentive objects at an exercise price of ¥29.63 and 1,777,000 restricted stocks to 27 incentive objects at a grant price of ¥14.82[141]. - The company completed the first grant of restricted stocks, awarding 1,777,000 shares to 27 incentive objects[144]. - The company proposed to cancel 1,049,821 stock options from the second incentive plan, which accounted for 3.68% of the total options granted[145]. Acquisitions and Partnerships - The company established a strategic partnership with Nanjing Jinlong Bus Manufacturing Co., with an expected procurement amount of 1 billion yuan for power batteries in 2017[176]. - The company completed the acquisition of 100% equity in Wuhan Fuan Technology Co., Ltd. for a post-investment valuation of up to 150 million yuan[178]. - The company transferred 7% of its shares in subsidiary Microwell, resulting in a total holding of 24,378,000 shares, representing 38.51% of Microwell's total equity, and is no longer the largest shareholder[183]. - The company plans to acquire 100% equity of Jinneng Company for a total consideration of 73.59 million yuan[195].

Financial Performance - The company's net profit for Q1 2018 is expected to be between 64.51 million and 75.27 million CNY, representing a growth of 20% to 40% compared to the same period last year, where the profit was 53.76 million CNY[3]. - The impact of non-recurring gains and losses on the company's net profit is expected to be between 0 and 5 million CNY for Q1 2018[5]. - The performance forecast is based on preliminary calculations by the finance department and has not been audited by an external auditor[4]. Growth Drivers - The main reasons for the profit increase include the rapid growth in the IoT application market and the synergistic effects from the acquisition of Wuhan Fuan Technology Co., which contributed to the fast growth of lithium primary battery business[5]. - The lithium-ion battery business is experiencing growth across major application areas, including consumer batteries, power batteries, and energy storage batteries, contributing to the overall performance increase[5]. - Shenzhen McWell Co., Ltd. continues to show rapid growth, with net profit from the company's shareholding being consolidated and contributing to the overall profit increase[5]. Investor Guidance - Detailed operational data will be disclosed in the company's Q1 2018 report, urging investors to make cautious decisions and be aware of investment risks[6].

Financial Performance - In 2017, the company achieved total operating revenue of 298,230.48 million yuan, an increase of 27.46% compared to the previous year[5] - Operating profit reached 48,504.45 million yuan, up 42.49% year-on-year, while total profit was 48,280.07 million yuan, reflecting a 34.52% increase[6] - Net profit attributable to shareholders was 40,428.70 million yuan, marking a significant rise of 60.55% compared to the previous year[5] - The company reported a basic earnings per share of 0.47 yuan, a decrease of 20.34% from the previous year[5] - The weighted average return on equity was 19.04%, an increase of 5.16 percentage points compared to the previous year[5] Asset Growth - The company's total assets increased by 70.06% to 746,138.20 million yuan by the end of 2017, while equity attributable to shareholders rose by 58.56% to 308,287.81 million yuan[7] - The increase in total assets was also attributed to the construction and equipment procurement of the Hubei Jinqian plant, leading to an increase in construction in progress[10] - The company's share capital increased by 100.51% to 85,636.62 million yuan due to the completion of the 2016 profit distribution plan[10] Business Expansion - The growth in performance was driven by rapid expansion in lithium battery business, particularly in the international smart meter market and emerging IoT sectors[8] - The company transferred 8.98% of its stake in Shenzhen Microwell Co., which contributed to profit growth[8]

Financial Performance - The net profit attributable to shareholders for 2017 is expected to be between 372.72 million and 428.09 million CNY, representing a growth of 50% to 70% compared to the previous year's profit of 251.82 million CNY[3] - The impact of non-recurring gains and losses on the net profit for 2017 is estimated to be between 60 million and 80 million CNY[5] Business Growth Drivers - The growth in 2017 is primarily driven by the rapid expansion of the lithium battery business, benefiting from technological innovation and the rise of the Internet of Things and shared economy[5] - The consumer lithium-ion battery segment achieved both revenue and net profit growth in 2017[5] - The electronic vaporizer business experienced significant growth, contributing positively to net profit through equity consolidation[5] - Progress in the power battery and energy storage battery sectors continued, with an increase in customers leading to performance growth[5]