江苏华盛天龙光电设备股份有限公司 2015 年第一季度报告 2015 年 04 月 （证券代码：300029）江苏华盛天龙光电设备股份有限公司 2015 年第一季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资 料不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人冯金生、主管会计工作负责人冯金生及会计机构负责人(会计主 管人员)薛梅兰声明：保证季度报告中财务报告的真实、完整。 2 （证券代码：300029）江苏华盛天龙光电设备股份有限公司 2015 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 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业总收入（元） | 64,781,772.30 | 73,718,348.91 | -12.12% | | 归属于上市公司普通股股东的净利 ...

Financial Performance - The company's operating revenue for 2014 was ¥138,592,182.10, a decrease of 37.17% compared to ¥220,574,963.97 in 2013[19] - The operating profit for 2014 was -¥16,534,943.29, showing an improvement of 90.51% from -¥174,321,299.80 in 2013[19] - The net profit attributable to shareholders for 2014 was ¥29,473,229.20, a significant increase from -¥130,059,071.60 in 2013, representing a change of 122.66%[19] - The total assets at the end of 2014 were ¥1,098,054,436.42, an increase of 1.59% from ¥1,080,825,006.71 at the end of 2013[19] - The total liabilities increased by 7.88% to ¥438,941,389.65 in 2014 from ¥406,889,793.33 in 2013[19] - The company's cash flow from operating activities was ¥40,514,716.59, a significant improvement from -¥137,928,841.10 in 2013[19] - The basic earnings per share for 2014 was ¥0.1474, compared to -¥0.6503 in 2013, reflecting a change of 122.67%[19] - The weighted average return on equity was 5.10% in 2014, a recovery from -20.37% in 2013[19] - The asset-liability ratio at the end of 2014 was 39.97%, up from 37.65% at the end of 2013[19] Sales and Production - The company achieved a net profit of 29.47 million yuan in 2014, a year-on-year increase of 122.66% despite a 37.17% decrease in operating revenue to 138.59 million yuan[26] - The company reported a significant reduction in sales volume for silicon wafers, down 78.40% to 3,520,191 pieces, and production volume down 77.25% to 3,886,370 pieces compared to 2013[27] - The revenue from multicrystalline furnaces reached CNY 38.22 million, with a gross margin of 29.96%, showing a 7.32% increase in revenue compared to the previous year[37] - The revenue from polysilicon wafers was CNY 15.12 million, with a gross margin of 7.57%, indicating a 44.69% decline in revenue year-over-year[37] Expenses and Cost Management - The company reported a 47.54% decrease in sales expenses to 6.23 million yuan and a 14.69% decrease in management expenses to 88.89 million yuan[31] - Research and development expenses totaled 22.57 million yuan, accounting for 16.29% of operating revenue, with a slight decrease from the previous year[32] - The company’s inventory of silicon wafers increased by 31.81% to 1,517,145 pieces, indicating challenges in inventory management[27] Cash Flow and Investments - Operating cash inflow for 2014 was CNY 396.15 million, a 234.89% increase compared to CNY 118.29 million in 2013[33] - Investment cash inflow surged to CNY 159.46 million, marking a 680.87% increase from CNY 20.42 million in the previous year[33] - The company reported a net cash outflow from financing activities of CNY 161.86 million, a drastic decline from a net inflow of CNY 23.46 million in 2013, representing a 790.05% change[33] Market and Competitive Landscape - The company faced risks including market competition, accounts receivable difficulties, inventory turnover issues, and cash flow constraints due to reduced business income[24] - The overall performance in the photovoltaic sector has been negatively impacted, leading to lower than expected sales and profits across multiple projects[47] - The photovoltaic industry has seen a resurgence since 2014 due to favorable national policies, with increasing installation targets for solar power plants, particularly for distributed solar power systems[53] Corporate Governance and Compliance - The company has established and executed an insider information management system, ensuring compliance with relevant laws and regulations without any incidents of insider trading during the reporting period[68] - The company has implemented legal opinions to ensure the proper conduct of shareholder meetings, safeguarding the rights of minority shareholders[143] - The company has established a responsibility system for major errors in annual report disclosures, which was effectively implemented during the reporting period, with no significant errors reported[152] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,552, an increase from 16,345 at the end of the previous trading period[115] - The largest shareholder, Changzhou Noah Technology Co., Ltd., holds 20.05% of the shares, totaling 40,092,406 shares, with 40,000,000 shares pledged[115] - Shareholder Feng Jingsheng holds 5.26% of the shares, totaling 10,524,389 shares, with 10,000,000 shares pledged[115] Legal Matters - The company is currently involved in multiple cases where the defendants have not executed payments, totaling over 10 million RMB across various claims[73] - The company has ongoing litigation involving a total amount of 4,153,140 RMB related to a payment dispute, with a judgment requiring the defendant to pay the plaintiff[72] Future Outlook and Strategy - The company plans to stabilize and expand its existing photovoltaic business, leveraging the recovering market and mature technology[56] - The company aims to enhance its research and development of monocrystalline equipment to lower customer costs and improve conversion efficiency, competing effectively with multicrystalline ingots[53] - The company is focusing on expanding its market presence and enhancing its product offerings through strategic investments and acquisitions[47]

（证券代码：300029）江苏华盛天龙光电设备股份有限公司 2014 年第三季度报告全文 江苏华盛天龙光电设备股份有限公司 2014 年第三季度报告 2014 年 10 月 1 （证券代码：300029）江苏华盛天龙光电设备股份有限公司 2014 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资料不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人冯金生、主管会计工作负责人薛梅兰及会计机构负责人(会计主管人员)薛梅兰声明：保证 季度报告中财务报告的真实、完整。 2 （证券代码：300029）江苏华盛天龙光电设备股份有限公司 2014 年第三季度报告全文 第二节 公司基本情况 | 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） | -335,029.31 | | | 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） ...

Financial Performance - Total revenue for the first half of 2014 was ¥62,680,402.33, a decrease of 63.04% compared to ¥169,577,540.70 in the same period last year[19]. - Net profit attributable to ordinary shareholders was -¥53,884,599.87, representing a decline of 742.80% from -¥6,393,527.24 year-on-year[19]. - Basic earnings per share were -¥0.2694, a decrease of 741.88% compared to -¥0.032 in the previous year[19]. - The net cash flow from operating activities was -¥16,137,487.73, down 69.12% from -¥52,262,551.30 in the same period last year[19]. - The weighted average return on net assets was -9.62%, a decline of 8.70% compared to -0.92% in the previous year[19]. - The company reported a total revenue of ¥62.68 million, a decrease of 63.04% year-on-year, with a net loss attributable to shareholders of ¥53.88 million, an increase in loss of 742.80% compared to the previous year[28]. - The operating costs decreased by 56.93% to ¥54.98 million, reflecting the reduced sales scale during the reporting period[30]. - The company reported a net profit of -0.9183 million yuan for the first half of 2014, failing to meet the expected profit due to a downturn in the overall photovoltaic industry[56]. - The company anticipates a net loss of between 37 million yuan and 42 million yuan for the first three quarters of 2014, continuing a trend of losses from the previous two years[64]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,077,256,542.72, a slight decrease of 0.33% from ¥1,080,825,006.71 at the end of the previous year[19]. - Shareholders' equity attributable to ordinary shareholders decreased by 9.18% to ¥533,199,463.04 from ¥587,084,062.91[19]. - Total current assets increased to ¥677,807,862.59 from ¥657,618,995.39, representing a growth of approximately 2%[108]. - Total liabilities increased to ¥463,129,199.41 from ¥406,889,793.33, reflecting an increase of around 14%[109]. - The company's total assets decreased slightly to ¥1,077,256,542.72 from ¥1,080,825,006.71, a reduction of about 0.3%[108]. - The total current liabilities increased to ¥461,006,222.94 from ¥404,154,945.92, an increase of around 14%[109]. Cash Flow - Cash flow from operating activities showed a net outflow of ¥16,137,487.73, an improvement from a net outflow of ¥52,262,551.30 in the previous period[122]. - Cash inflow from operating activities totaled 83,004,575.35, up from 71,113,706.34 in the previous period, reflecting a growth of approximately 16.5%[125]. - The net cash flow from investing activities was 17,435,192.55, a significant improvement from -7,322,172.85 in the previous period[126]. - The net cash flow from financing activities was -7,647,704.98, worsening from -2,421,088.34 in the previous period[126]. - Total cash and cash equivalents at the end of the period were 25,218,547.44, down from 49,943,355.95, a decrease of about 49.6%[126]. Strategic Initiatives - The company aims to achieve significant product sales orders and inventory digestion as part of its strategy to turn profitable by the end of the year[28]. - The company is focusing on upgrading products and collaborating with high-end foreign technology teams to meet market demands[46]. - The company has implemented strict customer credit policies to mitigate accounts receivable risks[46]. - The company has secured a total order amount of ¥116.77 million from Inner Mongolia Fengwei, with ongoing risks regarding the execution of this order[33]. Market Conditions and Risks - The company faces significant risks including market competition, accounts receivable, inventory, cash flow, and potential delisting due to continuous losses[25]. - The company is optimistic about the opportunities arising from adjustments in distributed photovoltaic policies and the stable development of the sapphire market[41]. - The company's overall performance was negatively impacted by the global photovoltaic market downturn, leading to lower than expected sales volumes across multiple projects[51]. Shareholder Information - The total number of shares is 200,000,000, with 6,543,292 shares (3.27%) under limited sale conditions and 193,456,708 shares (96.73%) under unrestricted sale conditions[93]. - The largest shareholder, Changzhou Noah Technology Co., Ltd., holds 40,092,406 shares, representing 20.05% of the total shares[96]. - The second-largest shareholder, Feng Jingsheng, holds 10,524,389 shares, accounting for 5.26% of the total shares[96]. - The total number of shareholders at the end of the reporting period was 23,450[95]. Management and Governance - The company’s management team saw departures, including the resignation of the general manager and financial director on June 24, 2014, due to personal reasons[103]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[99]. - The company has not proposed or implemented any share buyback plans during the reporting period[90]. Compliance and Reporting - The financial report for the half-year has not been audited[90]. - The company has not engaged in any significant equity investments or derivative investments during the reporting period[58][60]. - There are no major contracts or leasing situations reported during the period[81]. - The company has not experienced any major litigation or arbitration matters during the reporting period[69].

Financial Performance - Total revenue for Q1 2014 was ¥73,718,348.91, a decrease of 35.14% compared to ¥113,657,255.21 in the same period last year[8]. - Net profit attributable to ordinary shareholders was -¥5,012,897.21, improving by 52.84% from -¥10,630,347.09 year-on-year[8]. - Basic earnings per share were -¥0.0251, a 52.84% improvement from -¥0.0532 in the same period last year[8]. - Operating profit for the same period was -¥8,903,988.57, representing a 53.71% reduction in losses compared to the previous year[17]. - Net profit attributable to shareholders of the parent company was -¥5,012,897.21, a decrease in losses by 52.84% year-on-year[17]. - The actual after-tax profit for Q1 2014 was 8.8594 million yuan, which did not meet the expected profit of 51.651 million yuan due to the overall downturn in the photovoltaic industry[31]. - The net profit for the first quarter was CNY 3,405,739.91, a significant recovery from a net loss of CNY 6,663,824.46 in the same period last year, marking a turnaround of approximately 151%[56]. - Operating profit reached CNY 3,464,083.10, compared to an operating loss of CNY 6,481,020.00 in the previous year, indicating a substantial improvement[56]. - The total comprehensive income for the quarter was CNY 3,405,739.91, a significant improvement from a comprehensive loss of CNY 6,663,824.46 in the same quarter last year[56]. Cash Flow and Liquidity - Net cash flow from operating activities was ¥10,010,257.91, a significant recovery from -¥49,189,443.58 in the previous year, representing a 120.35% change[8]. - Cash received from sales of goods and services increased by 124.19% to ¥55,575,734.50, indicating improved cash flow from operations[17]. - The company reported a total cash and cash equivalents balance of CNY 38,019,335.65 at the end of the period, down from CNY 158,294,438.84 year-over-year[62]. - Cash flow from financing activities showed a net outflow of CNY 4,673,513.56, a decline from a net inflow of CNY 64,876,785.28 in the previous year, indicating a shift in financing strategy[62]. - The company incurred investment activity cash outflows of CNY 853,690.95, compared to CNY 3,368,588.62 in the previous year, reflecting a reduction in capital expenditures[60]. - The company’s cash inflow from operating activities totaled CNY 90,515,837.26, compared to CNY 60,080,112.98 in the previous year, indicating a growth of approximately 50%[60]. Assets and Liabilities - Total assets increased by 3.95% to ¥1,123,548,629.12 from ¥1,080,825,006.71 at the end of the previous year[8]. - The company's total assets amount to ¥982,062,872.74, compared to ¥943,957,363.67 in the previous period, reflecting a growth of 4.0%[49]. - Total liabilities increased to ¥357,798,985.75 from ¥323,099,216.59, representing a rise of 10.7%[49]. - Shareholders' equity totaled ¥624,263,886.99, slightly up from ¥620,858,147.08, indicating a marginal increase of 0.7%[49]. - The company's current assets totaled 714,002,885.49 RMB, up from 657,618,995.39 RMB at the start of the year[39]. - Accounts receivable increased to 187,636,289.70 RMB from 163,725,956.00 RMB, indicating a rise in credit sales[39]. Risks and Strategic Focus - The company faced significant risks including policy risks, market competition risks, and inventory risks, which could impact future performance[10]. - The company is focusing on improving accounts receivable collection and implementing strict customer credit policies to mitigate risks[10]. - The company plans to enhance R&D investment and introduce competitive new products to maintain market leadership amid increasing competition[21]. - The company is facing risks related to accounts receivable and inventory, with strategies in place to improve collection and manage stock levels[22][23]. - The company aims to accelerate market expansion and sales efforts to secure valuable orders in a competitive environment[20]. Shareholder and Governance Matters - The company’s major shareholder, 常州诺亚科技有限公司, holds 20.05% of the shares, indicating a concentrated ownership structure[13]. - The stock was suspended from trading on March 3, 2014, due to potential changes in the controlling shareholder, creating uncertainty[11]. - The company has committed to avoiding conflicts of interest with major shareholders to protect stakeholder interests[25]. - The company has made commitments to avoid competition during the tenure of its actual controllers, ensuring no involvement in competing businesses[26]. - The company has not encountered any reasons for failing to fulfill commitments to minority shareholders, indicating a strong governance structure[27]. Investment and Project Updates - The total amount of raised funds is 87,809.49 million CNY, with 117.42 million CNY invested in the current quarter[29]. - The annual production project of 1,200 single crystal silicon growth furnaces has achieved 100% investment completion, totaling 13,077.46 million CNY[29]. - The annual production project of 150 multi-crystal silicon ingot furnaces has also reached 100% investment completion, totaling 1,728.43 million CNY[29]. - The joint venture for the production of 1,200 sets of single crystal silicon growth furnace bodies has an investment completion status of 100%, with a total investment of 3,761.83 million CNY[29]. - The total amount of raised funds allocated for various projects was 95.73538 million yuan, with 86.596 million yuan already utilized[31]. - The company established a joint venture for the research and production of LED, with an investment of 88.333 million yuan[31]. - The company plans to repay bank loans amounting to 34.3426 million yuan and supplement working capital of 172.4149 million yuan[31]. Market Conditions and Performance Outlook - The company's operating revenue for Q1 2014 was ¥73,718,348.91, a decrease of 35.14% year-on-year due to the ongoing downturn in the photovoltaic industry[17]. - The overall performance in the photovoltaic industry has negatively impacted sales, leading to lower than expected profits across multiple projects[31]. - The company has not reported any significant changes in the feasibility of its investment projects, maintaining a focus on planned outcomes[29]. - The company has not proposed any share buyback plans during the reporting period[36].

Financial Performance - The company's operating revenue for 2013 was CNY 220,574,963.97, representing a 25.3% increase compared to CNY 176,032,036.29 in 2012[20]. - The operating cost decreased by 8.42% to CNY 180,830,639.29 from CNY 197,456,334.75 in the previous year[20]. - The net profit attributable to shareholders was CNY -130,059,071.66, a 74.56% improvement from CNY -511,327,236.17 in 2012[20]. - The company's total revenue for the industrial sector reached ¥161,622,066.96, reflecting a year-on-year increase of 10.69%[51]. - The company reported a total revenue of 61,029.0 million CNY for the year, a decrease of 4,647.7 million CNY compared to the previous year, reflecting a decline of approximately 7.1%[65]. - The actual net profit after tax for the annual production of 1,200 single crystal silicon growth furnaces was -27,327.7 million CNY, significantly below the expected profit of 51,651.0 million CNY due to poor market conditions in the photovoltaic industry[65]. - The projected annual net profit for the production of 150 multi-crystalline silicon ingot furnaces was 43,059.0 million CNY, but the actual profit was -33,114.5 million CNY, indicating a shortfall of approximately 76.9%[65]. - The company reported a net loss of -130,059,071.66 CNY for 2013, continuing a trend of losses from the previous year[78]. - The company reported a significant increase in prepayments from CNY 23,996,494.20 to CNY 56,762,720.32, an increase of about 136.5%[169]. - The net loss for the year was CNY 147,888,141.60, an improvement compared to a net loss of CNY 576,028,555.68 in the previous year, indicating a reduction in losses by approximately 74.3%[178]. Assets and Liabilities - The total assets decreased by 18.08% to CNY 1,080,825,006.71 from CNY 1,319,440,414.96 at the end of 2012[20]. - The total liabilities also decreased by 18.55% to CNY 406,889,793.33 from CNY 499,581,103.11 in the previous year[20]. - The asset-liability ratio was 37.65%, slightly down from 37.86% in the previous year[20]. - The company's total equity decreased from CNY 819,859,311.85 to CNY 673,935,213.38, a decline of approximately 17.8%[171]. - The company's capital reserve increased from CNY 831,451,196.12 to CNY 851,834,055.65, an increase of about 2.9%[171]. - The company's accounts receivable decreased to ¥163,725,956, representing 15.15% of total assets, down by 4.55%[55]. - The company's cash and cash equivalents decreased from CNY 164,926,679.53 to CNY 40,633,406.57, a decline of about 75.4%[169]. Cash Flow - The company's cash flow from operating activities was CNY -137,928,841.10, showing a 21.71% improvement from CNY -176,183,276.48 in 2012[20]. - Operating cash inflow decreased by 53.5% to CNY 118,293,273.48, while operating cash outflow decreased by 40.5% to CNY 256,222,114.58[42]. - The company reported a net cash flow from operating activities of -CNY 137,928,841.10, an improvement of 21.71% compared to the previous year[42]. - The cash and cash equivalents at the end of the period were CNY 35,197,220.28, down from CNY 145,665,429.73 at the beginning of the year[185]. - The total cash inflow from operating activities was significantly impacted by a 55.1% decrease in cash received from sales, which fell to $48,001,273.39 from $106,329,042.94[187]. Inventory and Production - The company sold 15 photovoltaic devices in 2013, a decrease of 46.43% from 28 units in 2012, while the production volume dropped by 31.63% to 134 units[36]. - The sales volume of graphite thermal fields increased by 105.8% to 461 sets in 2013, with production rising by 50.29% to 523 sets[36]. - The company reported a significant increase in inventory levels, with photovoltaic device inventory rising by 53.6% to 341 units and crucible inventory increasing by 172.25% to 942 units[36]. - The company's inventory increased to ¥353,272,139.9, representing 32.69% of total assets, up from 26.06% the previous year[55]. Research and Development - Research and development investment amounted to CNY 28,750,403.18, representing 8.59% of operating revenue, a significant decrease from 35.53% in 2012[40]. - The company launched new products, including the next-generation single crystal furnace models DRF-110 and DRZF-1200, and made significant progress in sapphire technology[32]. - The company has filed for 7 new patents during the reporting period, including 1 invention patent and 6 utility model patents, all developed independently[59]. Management and Governance - The company has a diverse management team with extensive experience in various industries, including mechanical, photovoltaic, and finance, which enhances its operational capabilities[128][129][130]. - The company strictly adheres to corporate governance regulations, continuously improving its governance structure and internal management systems[145]. - The board of directors consists of 10 members, including 4 independent directors, complying with relevant laws and regulations[148]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 2.139 million[137]. Market Conditions and Risks - The company faced risks including policy changes, market competition, and accounts receivable collection challenges due to industry consolidation[27]. - The photovoltaic industry has experienced a significant decline in market conditions since the second half of 2011, affecting the company's sales and investment strategies[67]. - The company acknowledges risks related to policy changes, market competition, accounts receivable, and inventory management[73]. Shareholder Information - The company reported a total of 200,000,000 shares outstanding, with 87.2% being unrestricted shares and 12.8% being restricted shares[114]. - The number of shareholders at the end of the reporting period was 20,610, a decrease from 22,581 prior to the report[119]. - The largest shareholder, Changzhou Noah Technology Co., Ltd., holds 20.05% of the shares, amounting to 40,092,440 shares, with a decrease of 6,119,240 shares during the reporting period[119]. Compliance and Legal Matters - The company strictly adhered to the "Insider Information and Insider Management System" during the reporting period, with no insider trading incidents reported[85]. - There were no major litigation or arbitration matters during the reporting period[89]. - The company maintained compliance with relevant laws and regulations regarding insider information management, with no leaks reported[85].