Financial Performance - Total revenue for Q1 2019 reached ¥339,666,363.16, an increase of 46.28% compared to ¥232,206,496.81 in the same period last year[10] - Net profit attributable to shareholders was ¥20,563,414.18, up 45.76% from ¥14,107,338.36 year-on-year[10] - Net profit excluding non-recurring gains and losses surged by 197.49% to ¥16,345,299.78 from ¥5,494,458.26 in the previous year[10] - Basic earnings per share increased by 47.42% to ¥0.0286 from ¥0.0194 year-on-year[10] - The company's net profit for the first quarter of 2019 was CNY 20,156,739.55, representing a 42.94% increase compared to CNY 14,101,704.78 in the same period last year[29] - Operating profit increased by 74.34% to CNY 24,348,100.66, driven by comprehensive changes in various income statement items[29] - The company's net profit for Q1 2019 was ¥24,348,100.66, compared to ¥13,965,657.59 in Q1 2018, marking a year-over-year increase of 74.0%[95] - The net profit for the current period was ¥26,326,955.27, representing a 47% increase from ¥17,852,676.34 in the previous period[101] Cash Flow - The net cash flow from operating activities was negative at -¥65,210,598.50, a decline of 293.81% compared to ¥33,646,038.92 in the same period last year[10] - Cash outflow from operating activities totaled CNY 570,161,866.54, a 50.01% increase, mainly due to higher cash payments for goods and services[29] - Operating cash inflows totaled CNY 504,951,268.04, an increase from CNY 413,731,822.14 in the previous period, reflecting a growth of approximately 22%[108] - Operating cash outflows amounted to CNY 570,161,866.54, compared to CNY 380,085,783.22 in the prior period, indicating a significant increase of about 50%[108] - The net cash flow from operating activities was negative at CNY -65,210,598.50, a decline from a positive CNY 33,646,038.92 in the previous period[108] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,398,054,915.38, a decrease of 1.83% from ¥3,461,362,384.01 at the end of the previous year[10] - Total liabilities decreased to ¥1,159,841,756.10 from ¥1,251,265,896.34, showing a reduction of approximately 7.3%[81] - The company's total equity increased to ¥2,238,213,159.28 from ¥2,210,096,487.67, reflecting a growth of about 1.3%[84] - Total assets amounted to CNY 3,461,362,384.01, a decrease of CNY 8,116,809.67 compared to the previous period[123] - Current assets totaled CNY 2,318,248,157.97, with a slight decrease of CNY 9,414,237.72 from the previous period[123] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,666[15] - The top ten shareholders held a combined 32.56% of the company's shares, with the largest shareholder owning 8.09%[15] Research and Development - R&D expenses increased by 85.93% to CNY 8,250,845.18 in Q1 2019, up from CNY 4,437,542.42 in Q1 2018, indicating a significant investment in product development[27] - The company incurred research and development expenses of ¥5,461,575.65, up from ¥4,437,542.42 in the previous period, highlighting a focus on innovation[101] Market and Sales - Domestic sales of onshore wind power increased by 51.14%, while offshore wind power sales grew by 28.09% during the reporting period[34] - The company aims to achieve an annual production target of 80,000 tons for offshore wind power equipment in 2019, focusing on capacity release and risk control[34] - As of the end of the reporting period, the company had a total of CNY 202,919,000 in executing and pending orders, with onshore wind power orders at CNY 143,022,000[36] Investment and Projects - The company has invested 910.04 million in the 3-10MW offshore wind equipment manufacturing project, achieving 100% of the planned investment[50] - The heavy-duty wind turbine tower manufacturing project has seen an investment of 2,799.55 million, also reaching 100% of the planned investment[50] - The company plans to establish a 2.5MW-5MW wind turbine heavy tower production base in Hami, Xinjiang, with an investment of 10,000 million[55] Risks and Challenges - The company is facing risks from significant fluctuations in raw material prices, particularly steel, which is a major cost component, and is implementing a sales-based production model to mitigate this risk[39] - The company is actively enhancing project and customer credit assessments to reduce risks associated with project delays and market competition[40] - The company is taking measures to address potential policy risks related to the wind power and marine engineering industries, which are closely tied to national economic conditions[44] Compliance and Governance - The company has no violations regarding external guarantees during the reporting period[70] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[71] - The first quarter report was not audited, which may impact the reliability of the financial data presented[131]

Financial Performance - The company's operating revenue for 2018 was CNY 1,472,526,169.31, a decrease of 7.39% compared to CNY 1,590,000,234.30 in 2017[24]. - The net profit attributable to shareholders for 2018 was CNY 10,530,894.26, down 93.15% from CNY 153,693,839.02 in 2017[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -6,638,154.14, a decline of 105.04% compared to CNY 131,673,209.47 in 2017[24]. - The basic earnings per share for 2018 were CNY 0.0146, down 93.07% from CNY 0.2107 in 2017[24]. - The diluted earnings per share for 2018 were also CNY 0.0146, reflecting the same decline of 93.07% from CNY 0.2107 in 2017[24]. - The weighted average return on net assets for 2018 was 0.47%, a decrease of 6.51% from 6.98% in 2017[24]. - The company achieved total operating revenue of RMB 1,472.53 million in 2018, a decrease of 7.39% compared to the previous year, with domestic sales down 22.96% and foreign sales up 25.45%[59]. - The net profit attributable to the parent company was RMB 10.53 million, a significant decrease of 93.15% year-on-year, primarily due to rising raw material costs and reduced gross profit margins[60]. Cash Flow and Assets - The net cash flow from operating activities increased by 198.31% to CNY 209,287,877.33 from CNY 70,158,788.90 in 2017[24]. - The company's cash balance increased by 47.03% compared to the beginning of the year, attributed to improved cash flow management and timely sales collections[45]. - Total assets at the end of 2018 were CNY 3,461,362,384.01, an increase of 7.57% from CNY 3,217,674,304.31 at the end of 2017[24]. - The net assets attributable to shareholders at the end of 2018 were CNY 2,208,258,261.06, a decrease of 2.16% from CNY 2,257,042,938.99 at the end of 2017[24]. - The company's total investment during the reporting period was ¥1,466,627,054.96, reflecting a 27.34% increase from the previous year[102]. Revenue Breakdown - Wind power equipment sales generated revenue of ¥137,313.18 million, accounting for 93.25% of total revenue, showing slight growth compared to the previous year[34]. - The revenue from onshore wind power equipment reached ¥1,110,548,232.64, representing a year-on-year increase of 20.63%[76]. - Offshore wind power equipment revenue decreased by 3.52% to ¥261,933,274.08, with a significant decline in sales volume by 46.69%[78]. - Domestic sales amounted to ¥830,818,896.75, up 11.05%, while international sales increased by 24.57% to ¥641,707,272.56[76]. Research and Development - The company has developed over a hundred effective patents in wind power and marine engineering, showcasing its strong R&D capabilities[54]. - The company obtained 37 new patents in 2018, bringing the total to 136 patents, including 9 invention patents and 124 utility model patents[67]. - Research and development expenses totaled ¥57,865,097.14, representing 3.93% of operating revenue, an increase of 5.18% year-on-year[87]. - The number of R&D personnel decreased to 94, making up 11.44% of the workforce, while R&D investment increased compared to previous years[88]. Market and Industry Outlook - The wind power industry is expected to maintain a steady growth trajectory, with global new installed capacity projected to exceed 55 GW annually by 2023[37]. - The offshore wind power market is expected to benefit from supportive government policies and strong developer interest, creating significant market opportunities[44]. - The reduction in curtailment rates in China, with a 7% overall curtailment rate in 2018, down 5 percentage points from the previous year, indicates a more favorable market environment for wind energy[38]. - The average utilization hours for wind power in China increased to 2,095 hours, up 147 hours year-on-year, reflecting improved operational efficiency[38]. Challenges and Risks - The company faced significant challenges in 2018 due to rising raw material prices, particularly steel, which increased costs and affected profitability[128]. - The company is facing risks related to significant fluctuations in raw material prices, particularly steel, which is a major cost component[149]. - The company is facing risks from project delays in wind power and marine engineering due to high investment and long cycles[150]. - The company has identified challenges in the wind power sector due to local energy consumption issues, which may delay project timelines[111]. Dividend Policy - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares to all shareholders[7]. - The cash dividend for 2018 is also proposed to be RMB 0.80 per 10 shares, with the same total share capital of 719,153,256 shares, pending shareholder approval[170]. - The cash dividend payout ratio for 2018 is 546.32% of the net profit attributable to ordinary shareholders, indicating a significant return to shareholders[170]. - The company has maintained a consistent cash dividend policy over the past three years, with the cash dividend amounting to RMB 57,532,260.48 in both 2017 and 2018[170]. Corporate Governance - The company’s independent directors have fulfilled their responsibilities, ensuring the protection of minority shareholders' rights[165]. - The company has complied with relevant laws and regulations regarding its cash dividend policy, ensuring transparency and clarity in its decision-making processes[165]. - The company has not reported any violations of commitments by its major shareholders during the reporting period[183]. - The company guarantees no illegal occupation of funds or assets, committing to not request any form of guarantee from the company[174].

上海泰胜风能装备股份有限公司 2018 年第三季度报告 2018-077 2018 年 10 月 1 上海泰胜风能装备股份有限公司 2018 年第三季度报告全文 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。 上海泰胜风能装备股份有限公司 2018 年第三季度报告全文 公司负责人张福林、主管会计工作负责人周趣及会计机构负责人（会计主 管人员）曹友勤声明：保证季度报告中财务报表的真实、准确、完整。 2 上海泰胜风能装备股份有限公司 2018 年第三季度报告全文 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 | | 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） | 3,523,398,266.48 | | 3,217,674,304.31 | 9.50% | | 归属于上市公司股东的净资 ...

Financial Performance - Total revenue for the first half of 2018 was CNY 441,831,486.01, a decrease of 38.34% compared to CNY 716,509,833.32 in the same period last year[16]. - Net profit attributable to shareholders was CNY 11,847,680.90, down 89.06% from CNY 108,322,034.27 year-on-year[16]. - Net profit after deducting non-recurring gains and losses was CNY 3,184,380.41, a decline of 96.35% compared to CNY 87,252,037.56 in the previous year[16]. - Basic earnings per share decreased to CNY 0.02, down 86.67% from CNY 0.15 in the previous year[16]. - The company's total operating revenue for the reporting period was CNY 441.83 million, a decrease of 38.34% compared to the same period last year[46]. - The net profit attributable to the parent company was CNY 11.85 million, down 89.06% year-on-year[46]. - The company reported a net loss of 57,532,260.48 yuan for the period, compared to a profit in the previous year, highlighting a substantial shift in financial performance[172]. - The total comprehensive income for the period decreased by 2,386,716.40 yuan, reflecting a significant decline compared to the previous period[171]. Cash Flow and Assets - Operating cash flow for the period was CNY 93,896,840.71, a significant increase of 349.49% from -CNY 37,636,188.75 in the same period last year[16]. - The company's cash and cash equivalents increased to ¥406,271,385.40 from ¥326,840,641.58, representing a growth of approximately 24.3%[147]. - Total current assets amounted to ¥2,202,229,108.71, up from ¥2,126,856,331.86, reflecting a growth of about 3.5%[148]. - Total assets at the end of the reporting period were CNY 3,303,495,135.38, an increase of 2.67% from CNY 3,217,674,304.31 at the end of the previous year[16]. - The total amount of raised funds is CNY 106,782.31 million, with CNY 3,301.56 million invested during the reporting period[67]. Revenue Breakdown - Revenue from wind power equipment sales reached 373.46 million, accounting for 84.52% of total revenue, representing a decrease of 45.19% year-on-year[24]. - Revenue from marine engineering equipment increased to 60.64 million, making up 13.73% of total revenue, with a year-on-year growth of 137.98%[24]. - The national wind power generation volume for the first half of 2018 was 191.7 billion kWh, reflecting a year-on-year growth of 28.7%[26]. Investments and Projects - The company invested CNY 165.16 million in the "Heavy Equipment Industry Collaborative Technological Transformation Project," achieving a progress rate of 96.10%[47]. - The company established two new subsidiaries for wind farm development and operation, namely 泰胜风能（北京）科技发展有限公司 and 广东泰胜风电有限公司, to expand its business operations[49]. - The company plans to invest RMB 20.1 million in establishing a holding subsidiary in Hulunbuir, Inner Mongolia, for a 2MW-5MW wind turbine heavy tower production project[71]. Risks and Challenges - The company faces risks including significant fluctuations in raw material prices and project delays[4]. - The company is closely monitoring policy changes regarding land-based wind power projects in Zhejiang and is prepared to expedite the approval process for the 玉环 project once regulations are lifted[49]. - The company is facing delays in revenue generation from its Hohhot subsidiary due to local wind power consumption issues, but remains optimistic about project feasibility due to government support[70]. Management and Governance - The company appointed four new deputy general managers on May 3, 2018, indicating a strategic shift in management[140]. - The company has implemented an employee stock ownership plan, with the first phase completed on January 18, 2016[104]. - The company has not engaged in any significant related party transactions during the reporting period[105]. Compliance and Legal Matters - The company is involved in a lawsuit with Jiangsu Great Crane Machinery Co., Ltd. for a claim of 7,599,720 CNY due to breach of contract, with no impact on the current period's performance[100]. - The company has ensured compliance with relevant regulations regarding the use and disclosure of raised funds, with no irregularities found during the reporting period[73]. Market Outlook - The company anticipates that the wind power market will continue to grow, with significant developments in offshore wind power projects across various provinces[31]. - Global wind power installations are projected to exceed 840 GW by 2022, indicating a robust growth trajectory for the industry[33].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2017, representing a year-on-year increase of 15%[11]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[11]. - The company's operating revenue for 2017 was ¥1,590,000,234.30, representing a 5.60% increase compared to ¥1,505,623,355.16 in 2016[17]. - Net profit attributable to shareholders decreased by 29.85% to ¥153,693,839.02 in 2017 from ¥219,105,659.08 in 2016[17]. - The net profit after deducting non-recurring gains and losses was ¥131,673,209.47, down 36.38% from ¥206,966,955.06 in the previous year[17]. - The net cash flow from operating activities fell by 62.85% to ¥70,158,788.90 in 2017, compared to ¥188,835,292.45 in 2016[17]. - The total assets at the end of 2017 were ¥3,217,674,304.31, a 5.34% increase from ¥3,054,499,461.95 at the end of 2016[17]. - The company reported a total revenue of 3,500 million in 2017, showing a growth compared to 2016[144]. - The company achieved a net profit margin of 3.00% on its financial products, indicating stable profitability in its investment strategies[145]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.80 per 10 shares, totaling approximately RMB 57.53 million[4]. - The cash dividend represents 37.43% of the net profit attributable to ordinary shareholders, which is RMB 153,693,839.02 for 2017[107]. - The cash dividend payout ratio for 2017 is 100% of the total profit distribution[104]. - The cash dividend for 2016 was RMB 0.65 per 10 shares, totaling RMB 47,260,666.70, which was 21.57% of the net profit[107]. - The cash dividend for 2015 was RMB 0.50 per 10 shares, totaling RMB 36,575,734.30, which was 21.59% of the net profit[106]. - The company has complied with its cash dividend policy and the relevant regulations[104]. - The dividend proposal for 2017 is subject to approval at the annual shareholders' meeting[105]. - The company has maintained a consistent dividend distribution strategy over the past three years[106]. Market Expansion and Strategy - The company is focusing on expanding its market presence in North America and Europe, aiming for a 20% increase in international sales by 2019[11]. - The company aims to launch two new product lines in 2018, targeting a 15% market share in the offshore wind equipment sector[11]. - The company has a strong market position in the domestic wind tower industry, with a focus on expanding overseas markets, particularly in Europe and South America, leading to a substantial increase in overseas revenue[32]. - The company is actively involved in the development and operation of wind farms, although this segment currently has a minor impact on overall business[25]. - The company is focusing on expanding its market presence in North America, South America, Australia, Japan, and other international markets while leveraging its domestic wind power market[88]. - The company plans to enhance its production capabilities and management standards, aiming for recognition in global standards and certifications[91]. - The company is exploring partnerships with international firms to leverage advanced technologies and expand its global footprint[145]. Research and Development - Research and development expenses increased by 25% to RMB 100 million, reflecting the company's commitment to innovation in wind power technology[11]. - The company has increased its investment in offshore wind power, with its subsidiary, Blue Island Marine Engineering, achieving a leading position in the domestic offshore wind power market[32]. - The company has committed to enhancing product quality and brand recognition to maintain competitiveness in the wind power and marine engineering sectors[94]. - The company is investing in R&D for innovative wind power solutions, with an expected budget increase of 20% in the next fiscal year[145]. Risks and Challenges - The company faces risks including fluctuations in raw material prices and project delays, which could impact future performance[4]. - The company anticipates an increase in costs and expenses due to ongoing projects and investments, which may impact financial performance[92]. - The company faced significant cost pressure due to fluctuations in raw material prices, particularly steel, which is a major component of its products[93]. - The company is actively managing risks related to cross-regional and cross-national operations, aiming to establish a more effective management system[95]. Corporate Governance and Compliance - The company has established a governance structure that includes a board of directors and supervisory committees to protect shareholder interests[154]. - The company has not engaged in any entrusted loans during the reporting period, indicating a conservative financial approach[152]. - The company has a commitment to avoid any activities that may constitute competition with its existing and future businesses[111]. - The company has established a joint action agreement among key stakeholders to ensure unified voting on shareholder meeting proposals[111]. - The company has committed to maintaining the integrity of its financial practices and avoiding conflicts of interest[111]. Employee Engagement and Social Responsibility - Employee engagement activities included a New Year celebration and a sports event with participation from 304 employees, fostering team spirit[154]. - The company donated 200,000 RMB to the Shanghai Charity Foundation and 20,000 RMB to Xinjiang Village during the reporting period[157]. - The company was recognized as a model worker home and received awards for its organizational activities in 2017[155]. Investment and Financial Management - The company has a strategy of using both raised and self-owned funds for financial management, indicating a diversified funding approach[142]. - The company reported a total of 430 million in self-owned capital for investment, demonstrating its commitment to leveraging internal resources[144]. - The company achieved a floating return of 3.00% on its investment portfolio, with a total of 1,000 million invested in various financial instruments[144]. - The company has consistently maintained a floating return of 3.00% across various investment combinations, showcasing its strategic financial planning[144].

Financial Performance - Total revenue for Q1 2018 was CNY 232,206,496.81, representing a 35.41% increase compared to CNY 171,481,052.41 in the same period last year[7]. - Net profit attributable to shareholders decreased by 65.04% to CNY 14,107,338.36 from CNY 40,349,162.70 year-on-year[7]. - Net profit after deducting non-recurring gains and losses fell by 84.73% to CNY 5,494,458.26 compared to CNY 35,979,229.19 in the previous year[7]. - Basic and diluted earnings per share decreased by 66.67% to CNY 0.02 from CNY 0.06 year-on-year[7]. - The total profit for the period reached 17.84 million yuan, a decrease of 28.75 million yuan or 61.70% compared to the same period last year[26]. - The net profit for the period was 14.10 million yuan, down by 26.24 million yuan or 65.04% year-on-year[26]. - The company reported an operating profit of CNY 13,965,657.59 for Q1 2018, down from CNY 42,816,297.67 in Q1 2017[57]. - The company experienced a comprehensive income total of CNY 10,406,033.78 in Q1 2018, significantly lower than CNY 40,750,239.84 in Q1 2017[58]. - The net profit for the first quarter of 2018 was CNY 17,852,676.34, a decrease from CNY 38,222,891.49 in the same period last year, representing a decline of approximately 53%[61]. Cash Flow and Assets - Operating cash flow improved significantly, with a net cash flow from operating activities of CNY 33,646,038.92, a turnaround from a negative CNY 90,056,968.74 in the same period last year, marking a 137.36% increase[7]. - Cash and cash equivalents at the end of the period increased to CNY 254,524,806.77 from CNY 170,246,431.85, marking a rise of approximately 49%[65]. - The company’s cash and cash equivalents increased by 153.08 million yuan, primarily due to an increase in net cash flow from operating activities during the reporting period[25]. - The net cash flow from operating activities was CNY 33,646,038.92, a significant improvement compared to a net loss of CNY 90,056,968.74 in the previous year[64]. - The total cash inflow from operating activities was CNY 309,870,231.09, compared to CNY 218,196,214.11 in the previous year, representing a growth of about 42%[67]. - The company received CNY 414,677,706.85 from other investment-related cash activities, compared to CNY 239,702,000.00 in the previous year, reflecting an increase of about 73%[64]. - The net cash flow from investment activities was CNY 113,543,214.28, up from CNY 62,820,919.03, showing a growth of approximately 81% year-over-year[64]. - The company reported a cash outflow of CNY 20,600,783.34 from financing activities, compared to CNY 227,521.68 in the previous year, indicating a significant increase in cash outflow[65]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,187,658,755.93, a decrease of 0.93% from CNY 3,217,674,304.31 at the end of the previous year[7]. - Total liabilities decreased to ¥919,810,491.34 from ¥960,232,073.50, reflecting a decline of approximately 4.2%[49]. - The company's equity attributable to shareholders increased to ¥2,267,454,606.35 from ¥2,257,042,938.99, showing a growth of about 0.5%[50]. - Accounts receivable decreased to ¥599,840,490.92 from ¥672,663,484.20, a decline of about 10.8%[47]. - Inventory rose to ¥591,977,817.22 from ¥512,823,570.94, indicating an increase of approximately 15.4%[47]. Risks and Challenges - The company faces risks related to raw material price fluctuations, particularly steel, which is a major cost component[10]. - The company is enhancing project and customer credit assessments to mitigate risks associated with project delays[11]. - The company is expanding into new business areas such as marine engineering and wind power, which may introduce new operational risks[12]. Investments and Future Plans - The company plans to enhance its market presence in central and southeastern China while focusing on brand and technology output[27]. - The company aims to increase its export business share by developing new clients in Europe and Japan[27]. - The company approved the establishment of a wholly-owned subsidiary in Ontario, Canada, with an investment of $1,000,000[38]. - The company allocated $15,000,000 to its Canadian subsidiary for the construction of a wind turbine tower production facility, totaling RMB 94,552,500[38]. - The company completed the acquisition of a 51% stake in Nantong Blue Island Marine Engineering Co., Ltd. for project implementation[40].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2017, representing a year-on-year increase of 15%[11]. - The net profit attributable to shareholders was RMB 150 million, an increase of 10% compared to the previous year[11]. - The company's operating revenue for 2017 was ¥1,590,000,234.30, representing a 5.60% increase compared to ¥1,505,623,355.16 in 2016[17]. - The net profit attributable to shareholders decreased by 29.85% to ¥153,693,839.02 in 2017 from ¥219,105,659.08 in 2016[17]. - The net profit after deducting non-recurring gains and losses was ¥131,673,209.47, down 36.38% from ¥206,966,955.06 in the previous year[17]. - The net cash flow from operating activities fell by 62.85% to ¥70,158,788.90 in 2017, compared to ¥188,835,292.45 in 2016[17]. - The total assets at the end of 2017 were ¥3,217,674,304.31, a 5.34% increase from ¥3,054,499,461.95 at the end of 2016[17]. - The company achieved total operating revenue of RMB 1,590,000,234.30 in 2017, an increase of 5.60% compared to RMB 1,505,623,355.16 in 2016[48]. - The company reported a total revenue of 3,500 million in 2017, showing a growth of 3.00% compared to 2016[153]. - The company reported a total revenue of 1,000 million for the year 2017, reflecting a stable financial performance[154]. - The company reported a total revenue of 1,729 million in 2017, with a fixed income yield of 3.30%[159]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.80 per 10 shares (including tax) to all shareholders[4]. - The company reported a cash dividend of RMB 0.65 per share for the 2016 fiscal year, totaling RMB 47,260,666.70 distributed to shareholders[112]. - The company plans to distribute a cash dividend of RMB 0.80 per 10 shares, totaling RMB 57,532,260.48 for the year 2017[114]. - The cash dividend represents 37.43% of the net profit attributable to ordinary shareholders for 2017, which is RMB 153,693,839.02[116]. - The cash dividend payout ratio for 2017 is 100% of the total profit distribution[114]. - The retained earnings will be carried forward to the next fiscal year after the dividend distribution[114]. - The 2016 cash dividend was RMB 0.65 per 10 shares, totaling RMB 47,260,666.70, which was 21.57% of the net profit[116]. - The 2015 cash dividend was RMB 0.50 per 10 shares, totaling RMB 36,575,734.30, which was 21.59% of the net profit[115]. - The company has a consistent dividend policy that aligns with its articles of association and shareholder resolutions[113]. Market Expansion and Strategy - The company is focusing on expanding its market presence in North America and Europe, aiming for a 20% increase in international sales by 2019[11]. - The company plans to expand its market presence in North America, South America, Australia, Japan, and other international markets while focusing on domestic wind power[99]. - The company is expanding its overseas market presence, which has led to a significant increase in export and offshore wind business orders compared to the previous year[107]. - The company aims to become a leading global supplier of wind energy equipment by 2020 through technological and quality improvements[99]. - The company is actively pursuing mergers and acquisitions, with a target to acquire at least two companies in the renewable energy sector by the end of 2018[11]. Research and Development - Research and development expenses increased by 25% year-on-year, totaling RMB 100 million, to support new product innovations[11]. - The company acquired 22 new patents in 2017, bringing the total to 100 patents, including 5 invention patents[43]. - The company aims to launch a new generation of wind turbine technology in Q3 2018, expected to improve efficiency by 15%[11]. - Research and development expenditure was CNY 55.01 million, accounting for 3.46% of operating revenue, an increase of 11.13% compared to the previous year[60]. Operational Challenges and Risks - The company faces risks including significant fluctuations in raw material prices and potential project delays, which could impact future performance[4]. - The company has noted that the domestic flange supply market has matured, impacting the feasibility of the flange manufacturing project[84]. - The company is addressing the challenges of cross-regional and cross-national management due to its widespread subsidiary locations[106]. - The company has strengthened its project and customer credit assessments and improved contract review processes to mitigate risks[105]. - The company faced significant cost pressure due to fluctuations in raw material prices, particularly steel, which is a major component of its products[104]. - In 2017, the company did not meet its operational targets, with revenue increasing but net profit decreasing significantly due to rising raw material costs and a decline in product gross margin[107]. Corporate Governance and Shareholder Relations - The company has established a governance structure that ensures effective decision-making and protects the rights of shareholders and creditors[163]. - The company emphasizes the importance of reaching consensus among shareholders before voting on significant matters[119]. - The company has ensured that minority shareholders have had the opportunity to express their opinions and that their rights are protected[113]. - The company has a structured remuneration decision-making process involving performance evaluations and board approvals[199]. - The company has not reported any penalties from securities regulatory agencies for its current and recently departed directors, supervisors, and senior management[198]. Social Responsibility and Environmental Compliance - The company has implemented waste classification management, reducing waste by over 100 tons and saving costs of more than 100,000 yuan in 2017[165]. - The company donated 200,000 yuan to the Shanghai Charity Foundation and 20,000 yuan to a local village as part of its social responsibility initiatives[166]. - The company maintained compliance with environmental standards, ensuring that waste emissions met regulatory requirements[165]. - The company has no significant environmental protection issues as it is not listed as a key pollutant unit by the environmental protection department[168]. Investment and Financial Management - The company has engaged in multiple financial products with different banks, including China Construction Bank and Shanghai Jinshan Bank[151]. - The total amount of entrusted financial management reached CNY 3,613.12 million, with a remaining balance of CNY 2,794.52 million[151]. - The company utilized CNY 1,979.52 million of raised funds for bank financial products, while CNY 1,633.60 million was from self-owned funds[151]. - The company is actively managing its investment combinations to ensure capital preservation and growth[153]. - The company is exploring new investment opportunities to enhance its portfolio performance in the upcoming quarters[153].

上海泰胜风能装备股份有限公司 2017 年第三季度报告全文 2017 年 10 月 1 上海泰胜风能装备股份有限公司 2017 年第三季度报告全文 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。 公司负责人张福林、主管会计工作负责人周趣及会计机构负责人(会计主管 人员)曹友勤声明：保证季度报告中财务报表的真实、准确、完整。 2 上海泰胜风能装备股份有限公司 2017 年第三季度报告 2017-050 上海泰胜风能装备股份有限公司 2017 年第三季度报告全文 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 | | 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） | 3,233,144,909.08 | 3,054,499,461.95 | | 5.85% | | 归属于上市公司股东的净资 ...

Financial Performance - Total revenue for the first half of 2017 reached ¥716,509,833.32, representing a 33.22% increase compared to ¥537,841,876.92 in the same period last year[19]. - Net profit attributable to shareholders was ¥108,322,034.27, a slight increase of 1.34% from ¥106,884,662.21 year-on-year[19]. - Net profit after deducting non-recurring gains and losses decreased by 12.90% to ¥87,252,037.56 from ¥100,177,442.66 in the previous year[19]. - The basic earnings per share remained stable at ¥0.15, unchanged from the previous year[19]. - The weighted average return on net assets was 4.91%, a decrease of 0.39% from 5.30% in the previous year[19]. - The company reported a total revenue of RMB 716.51 million, an increase of RMB 178.67 million, representing a year-on-year growth of 33.22%[42]. - Revenue from onshore wind products reached RMB 535.19 million, a year-on-year increase of 16.27%[42]. - Revenue from offshore wind products surged to RMB 146.54 million, reflecting a remarkable year-on-year growth of 813.44%[42]. - The company reported a net profit attributable to shareholders of RMB 108.32 million, an increase of RMB 1.44 million, with a year-on-year growth of 1.34%[42]. - The company achieved a net profit forecast for 2015, 2016, and 2017 of 50 million, 60 million, and 72 million yuan respectively, with a commitment to compensate in shares if actual profits fall short[91]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥37,636,188.75, an improvement of 10.51% compared to -¥42,055,559.20 in the same period last year[19]. - The net cash generated from investment activities surged by 467.75% to ¥80,992,225.64, attributed to a significant increase in net redemptions of bank wealth management products compared to the same period last year[47]. - The company’s cash and cash equivalents increased significantly to ¥5,653,280.11 from a negative balance of ¥68,214,902.47 in the previous year, indicating improved liquidity[47]. - The company reported cash and cash equivalents at the end of the period amounting to CNY 203,124,496.10, up from CNY 74,654,904.87 at the end of the previous period[160]. - The net cash flow from investment activities was 57,307,796.79 CNY, a significant increase compared to 3,020,522.37 CNY in the previous period[163]. Investment and Capital Expenditure - The company has invested RMB 120.37 million in the "Heavy Equipment Industry Collaborative Technological Transformation Project," achieving a progress rate of 70.03%[43]. - The total investment during the reporting period was ¥338,141,290.44, a decrease of 54.06% compared to the previous year[55]. - The company has completed the investment plan for the Hami project and terminated the fundraising supervision agreement[63]. - The company plans to increase its investment in Canada Tian Sheng New Energy Co., Ltd. by $15,000,000 for the construction of a wind turbine tower production plant, equivalent to approximately ¥94,552,500[65]. - The company has a production capacity target of 800 sets of wind turbine tower flanges annually[62]. Risks and Challenges - The company faces risks including significant fluctuations in raw material prices and project delays, which may impact future performance[4]. - The company's net profit attributable to shareholders did not increase in line with revenue due to a significant decline in gross profit margin caused by rising raw material costs, particularly steel[26]. - The company anticipates delays in revenue generation from the Hulunbuir subsidiary due to local wind power consumption issues[62]. - The company is facing risks related to project delays in wind power and marine engineering due to high investment and long cycles, which may impact cash flow and operations[83]. - Currency fluctuations are becoming more significant as the company expands into offshore wind power and marine engineering, prompting the use of forward exchange contracts to mitigate risks[85]. Research and Development - The company has applied for and obtained a total of 93 patents, including 5 invention patents and 88 utility model patents, as of June 2017[33]. - The company initiated three new product R&D projects and continued two existing projects, with a total of 93 patents granted, including 5 invention patents[43]. - The company is investing in research and development to innovate new technologies that align with market demands[73]. - The company is exploring new technologies, with a budget allocation of 970 million for research and development initiatives[74]. Market and Business Strategy - The company reported a significant increase in overseas market and offshore wind power business orders, with a substantial rise compared to the same period last year[26]. - The offshore wind power sector is expected to grow significantly, with a target of 10 million kW of installed capacity by 2020 as per national policy[38]. - The company is actively developing the Yuhuan Dayuantou Mountain distributed wind power project, with various preliminary approvals completed[44]. - The company is pursuing military-civilian integration strategies, collaborating with Fengnian Capital to enhance resource sharing and industry experience[41][45]. - The company is exploring potential mergers and acquisitions to enhance its market position and drive future growth[73]. Shareholder and Governance - The company has established a consensus action agreement among shareholders to ensure unified voting on significant matters, enhancing governance and decision-making efficiency[92]. - The company is focused on maintaining financial integrity by ensuring no unauthorized use of company funds by its actual controllers[92]. - The company has committed to timely disclosure of any significant shareholder actions or agreements, ensuring compliance with securities regulations[92]. - The company has not violated any commitments regarding avoiding competition and has ensured that its controlled entities adhere to the same obligations[92]. Financial Reporting and Compliance - The company’s semi-annual financial report has not been audited[95]. - The company has not engaged in any derivative investments or entrusted loans during the reporting period, indicating a conservative financial strategy[77][78]. - The company’s financial statements are prepared based on the going concern principle, with no identified issues affecting its ability to continue operations[179]. - The company’s financial reports comply with the accounting standards issued by the Ministry of Finance and reflect its financial position accurately[180].

Financial Performance - The company's operating revenue for 2016 was ¥1,505,623,355.16, a decrease of 5.72% compared to 2015[17]. - Net profit attributable to shareholders increased by 29.34% to ¥219,105,659.08 in 2016[17]. - The net profit after deducting non-recurring gains and losses was ¥206,966,955.06, up 29.08% year-on-year[17]. - The net cash flow from operating activities surged by 204.14% to ¥188,835,292.45[17]. - Basic and diluted earnings per share rose by 15.38% to ¥0.30[17]. - Total assets at the end of 2016 were ¥3,054,499,461.95, a decrease of 1.79% from the previous year[17]. - The net assets attributable to shareholders increased by 9.53% to ¥2,149,870,085.77[17]. - The total operating revenue from the industrial sector was CNY 1,464.39 million, accounting for 97.26% of total revenue[54]. - The gross profit margin for the industrial sector was 32.96%, an increase of 1.96% compared to the previous year[56]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[114]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of RMB 0.65 per 10 shares based on a total of 727,087,180 shares[4]. - The cash dividend accounted for 100% of the profit distribution for the year, with no stock dividends or capital increases proposed[105]. - The company has maintained a consistent cash dividend policy, with previous distributions of RMB 0.5 per 10 shares in 2015 and RMB 1 per 10 shares in 2014[109]. - The cumulative undistributed profits as of December 31, 2016, amounted to RMB 693,143,071.98, indicating a healthy profit retention strategy[109]. - The cash dividend distribution process was transparent and followed the necessary decision-making procedures, protecting the rights of minority shareholders[105]. Market and Industry Position - The company is focused on expanding its product offerings in wind power equipment, which is a key growth area in the renewable energy sector[9]. - The company generated 91.58% of its revenue from wind power equipment sales, totaling ¥137,888.46 million[27]. - The wind power industry in China saw a total installed capacity of 169 million kW by the end of 2016, accounting for 34.7% of the global total[27]. - The company aims to become a leading global supplier of wind energy equipment by 2020, focusing on the development of offshore wind turbine towers and expanding into international markets such as North America, South America, Australia, and Japan[93]. - The company is actively expanding into the offshore wind power sector to mitigate the impact of low demand in traditional marine engineering[118]. Strategic Initiatives - The company has engaged in strategic partnerships and potential acquisitions to bolster its market position and technological capabilities[9]. - The company is actively investing in the construction of a heavy equipment manufacturing base for offshore wind turbine towers, with a focus on market research and potential overseas investments[93]. - The company plans to enhance its core competitiveness through technology and quality, while also focusing on brand recognition and market expansion[93]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance the company's technological capabilities[115]. Risks and Challenges - The company faces various risks including significant fluctuations in raw material prices, project delays, and market competition, which could impact future performance[4]. - The company acknowledges potential policy changes that could impact the wind power and marine engineering sectors[100]. - The company is exploring new business areas such as marine engineering and wind farms, which may introduce new operational risks[98]. - The company is taking steps to manage currency exchange risks as it expands into international markets[100]. Research and Development - The company has allocated 200 million RMB for research and development in the upcoming year, focusing on renewable energy technologies[114]. - The company obtained 24 new patents in 2016, bringing the total to 66 patents, including 5 invention patents[49]. - Research and development expenses amounted to ¥49.5 million, accounting for 3.29% of operating revenue, a decrease of 14.84% from the previous year[63]. Corporate Governance - The board of directors confirmed that all members attended the meeting to review the annual report, ensuring accountability for the report's accuracy[3]. - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations, which supports sustainable growth[156]. - The company has committed to adhering to the regulations set forth by the Shenzhen Stock Exchange regarding related party transactions and competition[112]. Employee and Management - The total number of employees in the company is 828, with 346 in the parent company and 482 in major subsidiaries[196]. - The company has implemented a competitive and fair compensation policy to attract and retain talent[198]. - The total remuneration for the board and senior management during the reporting period was 490.93 million[196]. - The company plans to train 56 employees in special operations for the year 2017, focusing on areas such as welding and heavy machinery[199].