通裕重工股份有限公司 2019 年第三季度报告全文 通裕重工股份有限公司 2019 年第三季度报告 2019-103 2019 年 10 月 1 通裕重工股份有限公司 2019 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。 公司负责人司兴奎、主管会计工作负责人石爱军及会计机构负责人(会计主 管人员)王龙飞声明：保证季度报告中财务报表的真实、准确、完整。 2 通裕重工股份有限公司 2019 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------------|------------------|------------ ...

Financial Performance - Total revenue for the first half of 2019 was CNY 1,786,365,727.76, representing a 3.06% increase compared to CNY 1,733,293,688.65 in the same period last year[24]. - Net profit attributable to shareholders was CNY 118,312,520.32, an increase of 8.11% from CNY 109,436,794.53 year-on-year[24]. - Net profit after deducting non-recurring gains and losses was CNY 117,866,060.28, up 19.53% from CNY 98,606,019.28 in the previous year[24]. - Basic earnings per share increased by 33.33% to CNY 0.04 from CNY 0.03 year-on-year[24]. - The company achieved operating revenue of RMB 1,786,365,727.76, representing a year-on-year increase of 3.06% compared to RMB 1,733,293,688.65 in the same period last year[54]. - The company's operating costs decreased by 2.21% to RMB 1,314,819,285.57 from RMB 1,344,524,694.52 in the previous year[54]. Cash Flow and Assets - Operating cash flow net amount decreased by 27.79% to CNY 146,608,295.45 from CNY 203,031,453.76 in the same period last year[24]. - Total assets at the end of the reporting period were CNY 11,271,729,405.34, an increase of 8.74% from CNY 10,365,983,318.46 at the end of the previous year[24]. - Net assets attributable to shareholders were CNY 5,206,877,182.69, reflecting a 1.03% increase from CNY 5,153,929,996.60 at the end of the previous year[24]. - Cash and cash equivalents increased by 37.18% as of June 30, 2019, compared to December 31, 2018, primarily due to an increase in bank acceptance deposits[38]. Investments and Projects - The company reported a total investment of ¥12,829,020.32, a significant increase of 765.71% compared to ¥1,481,900.00 in the same period last year[66]. - The company has completed 98.90% of its investment progress in the project for increasing 3,000 units of 3MW fiber-reinforced direct-drive wind turbine main shafts[73]. - The company has achieved a cumulative investment of ¥196,765.50 million in committed investment projects, with a total commitment of ¥256,619 million[73]. - The company has utilized ¥18,300 million of raised funds to repay bank loans, achieving 100% completion[73]. Research and Development - The company has a complete industrial chain and a comprehensive R&D manufacturing platform, enhancing product quality control and market responsiveness[40]. - The company has established long-term cooperative relationships with several prestigious universities and research institutions to enhance its independent innovation capabilities[43]. - Research and development investment increased by 5.18% to RMB 19,395,601.85 from RMB 18,440,224.60 in the previous year[54]. Market Position and Partnerships - The company has established stable partnerships with high-end manufacturers in the wind power sector, including GE and Vestas, producing MW-level wind turbine spindles[35]. - The company signed significant contracts with major clients in the wind power sector, including China Shipbuilding Industry Corporation and Guodian United Power, to support production operations[49]. - The company is focusing on modular manufacturing for wind power equipment, aiming to reduce transportation costs and assembly workload for clients by providing modular products instead of individual components[50]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares[7]. - The actual controller and shareholders have made commitments regarding the use of raised funds, ensuring they will be stored in a designated account as per the board's decision[118]. - Shareholders have agreed to limit the transfer of shares to no more than 25% of their total holdings annually, with additional restrictions post-resignation[123]. - The company is actively ensuring that no external shareholders will gain control over the company through any means[122]. Environmental Compliance - The company has implemented continuous online monitoring of pollutant emissions, ensuring compliance with national standards[171]. - The company received environmental protection approvals for various projects, including the biomass comprehensive utilization project in 2014 and the back-pressure cogeneration heating project in 2017[172][173]. - The company has established an emergency response plan for environmental incidents, which was filed with the local environmental protection bureau[175]. Legal and Compliance Issues - The company has not reported any major lawsuits or arbitration cases that meet disclosure standards[133]. - There were no significant litigation or arbitration matters during the reporting period[133]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[94][95][96]. Subsidiary Performance - The subsidiary Yucheng Baotai Machinery Manufacturing Co., Ltd. reported a net profit of ¥31,126,059.69, contributing significantly to the company's overall performance[98]. - Shandong Xinchang Material Co., Ltd. recorded a net loss of ¥1,330,468.40, indicating challenges in its operations[98]. - The subsidiary Qingdao Baojian Technology Engineering Co., Ltd. incurred a net loss of ¥2,105,064.85, indicating operational challenges[101].

Financial Performance - The total operating revenue for 2018 was ¥3,535,026,649.42, representing an increase of 11.49% compared to ¥3,170,681,268.78 in 2017[22] - The net profit attributable to shareholders of the listed company was ¥217,176,896.91, a slight increase of 1.71% from ¥213,518,012.87 in the previous year[22] - The net cash flow from operating activities reached ¥238,542,617.13, showing a significant increase of 173.13% compared to ¥87,336,180.48 in 2017[22] - The total assets at the end of 2018 amounted to ¥10,365,983,318.46, reflecting a growth of 2.75% from ¥10,088,497,335.05 at the end of 2017[22] - The basic earnings per share remained at ¥0.07, unchanged from the previous year[22] - The weighted average return on net assets was 4.25%, consistent with the previous year[22] - The net profit after deducting non-recurring gains and losses was ¥193,487,459.06, a slight decrease of 0.64% from ¥194,731,472.38 in 2017[22] - The company reported a quarterly operating revenue of ¥953,159,222.59 in Q4 2018[23] - Non-recurring gains totaled ¥23,689,437.85 in 2018, an increase from ¥18,786,540.49 in 2017, representing a growth of 10.8%[28] Assets and Liabilities - The company’s fixed assets increased by 15.20% from December 31, 2017, to December 31, 2018, primarily due to the completion of several projects[37] - The company reported a 188.15% increase in equity assets as of December 31, 2018, compared to December 31, 2017, driven by investments in subsidiaries[37] - The company’s intangible assets decreased by 4.09% as of December 31, 2018, mainly due to amortization[37] - The company’s development expenditures decreased by 32.90% as of December 31, 2018, primarily due to a reduction in exploration rights[37] - The company’s long-term deferred expenses increased by 1115.03% as of December 31, 2018, mainly due to an increase in deferred consulting service fees[37] - Cash and cash equivalents decreased to ¥1,007,926,233.00, accounting for 9.72% of total assets, down from 14.67% in the previous year, a decrease of 4.95%[81] - Accounts receivable increased to ¥1,321,381,951.18, representing 12.75% of total assets, up by 0.44% from the previous year[81] - Inventory rose to ¥2,062,050,852.71, making up 19.89% of total assets, an increase of 1.80% compared to the previous year[81] - Fixed assets increased to ¥4,199,813,905.28, which is 40.52% of total assets, up by 4.38% from the previous year[81] - Short-term borrowings increased to ¥2,500,379,600.00, accounting for 24.12% of total liabilities, up by 4.59% from the previous year[81] Revenue Breakdown - Revenue from the general equipment manufacturing industry accounted for 72.12% of total revenue, with a year-on-year increase of 22.76%[59] - Overseas revenue reached CNY 841,881,649.85, representing 23.82% of total revenue and an 87.10% increase from CNY 449,952,771.70 in 2017[62] - The gross profit margin for the general equipment manufacturing industry was 27.87%, with a decrease of 4.02% year-on-year[62] - The sales volume in the general equipment manufacturing industry increased by 12.56% to 478,544.62 tons in 2018[63] - The revenue from wind turbine main shafts decreased by 3.73% to CNY 545,475,735.43, while the revenue from pipe molds increased by 47.24% to CNY 148,022,822.53[59] - The company’s casting revenue reached 31,623.28 million yuan, up 72.92% year-on-year, while pipe mold revenue increased by 47.24% to 14,802.28 million yuan[49] Investment and Financing - The total investment amount for the reporting period was ¥162,830,381.43, a significant increase of 736.76% compared to the previous year[86] - The company raised a total of ¥351,440.56 million through public and private placements, with ¥223,593.34 million already utilized[90] - The company completed the repayment of 480 million yuan in medium-term notes and raised 600 million yuan through bond issuance, optimizing its debt structure[53] - The company has committed RMB 146,372.61 million in excess raised funds, with detailed usage outlined in the report[102] - The company plans to invest in the construction of a comprehensive R&D building, with an investment of RMB 5,700 million, fully funded[98] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.20 per 10 shares, based on a total of 3,267,743,928 shares[6] - The cash dividend represents 100% of the total distributable profit of RMB 512,459,242.96 for the reporting period[137] - The company proposed a cash dividend of 0.20 RMB per 10 shares based on a total share capital of 3,267,743,928 shares as of December 31, 2018, which amounts to a total cash dividend of 65,354,878.56 RMB, representing 30.09% of the net profit attributable to ordinary shareholders[141] Risk Management - The company has outlined potential risks and countermeasures in its future development outlook section[6] - The company is addressing risks from economic downturns by adjusting product structure and enhancing management efficiency to improve core competitiveness[130] - The company is mitigating risks related to accounts receivable and cash flow by strengthening sales collection and optimizing debt structure[131] - The company has implemented measures to counteract the impact of raw material and energy price fluctuations, including improving material utilization and energy-saving modifications[132] Corporate Governance and Compliance - The company has maintained a continuous audit relationship with Ruihua Certified Public Accountants for 6 years, with an audit fee of 1 million RMB for the current period[159] - There were no major lawsuits or arbitration matters reported during the fiscal year[164] - The company has not faced any penalties or rectification issues during the reporting period[165] - The company has committed to managing raised funds in a dedicated account, ensuring compliance with regulations since May 24, 2016[159] Social Responsibility and Environmental Impact - The company actively fulfills social responsibilities, focusing on green development and environmental protection[196] - The company adheres to environmental protection standards, with emissions meeting regulatory requirements[198]

Financial Performance - Total operating revenue for Q1 2019 was ¥794,633,577.77, an increase of 15.53% compared to ¥687,825,251.62 in the same period last year[10]. - Net profit attributable to shareholders was ¥23,502,511.40, up 9.77% from ¥21,410,128.80 year-on-year[10]. - Net profit excluding non-recurring gains and losses reached ¥21,985,252.33, representing a significant increase of 40.81% compared to ¥15,613,290.01 in the previous year[10]. - The company achieved operating revenue of 794.63 million yuan, representing a year-on-year increase of 15.53%[38]. - The net profit attributable to shareholders of the listed company was 23.50 million yuan, up 9.77% year-on-year[38]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was 21.99 million yuan, reflecting a year-on-year growth of 40.81%[38]. - The company reported a total revenue of 1.2 billion CNY for the first quarter of 2019, representing a year-over-year increase of 15%[60]. Cash Flow and Assets - Net cash flow from operating activities was ¥42,443,840.26, a remarkable increase of 109.55% from ¥20,254,672.68 in the same period last year[10]. - Cash and cash equivalents increased by 37.73% from December 31, 2018, primarily due to an increase in acceptance and letter of credit deposits[25]. - Total current assets increased to CNY 5,566,141,430.91 as of March 31, 2019, up from CNY 5,002,386,169.32 at the end of 2018, representing a growth of approximately 11.3%[88]. - Cash and cash equivalents rose to CNY 1,388,255,992.64 from CNY 1,007,926,233.00, marking an increase of about 37.7%[85]. - Total assets at the end of the reporting period were ¥10,956,794,939.24, reflecting a growth of 5.70% from ¥10,365,983,318.46 at the end of the previous year[10]. - Total assets reached CNY 10,956,794,939.24, up from CNY 10,365,983,318.46, representing a growth of approximately 5.7%[94]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 135,104[14]. - The top shareholder, Si Xingkui, held 13.76% of the shares, amounting to 449,516,250 shares[14]. Expenses and Liabilities - Financial expenses for the first quarter increased by 45.37% year-on-year, mainly due to higher loan interest expenses and exchange losses[30]. - Management expenses rose by 33.29% year-on-year, primarily due to increased salary and depreciation expenses[30]. - Total liabilities increased to CNY 5,594,125,134.38 from CNY 5,033,199,513.76, reflecting an increase of about 11.1%[94]. - Total liabilities rose to ¥4,393,182,836.03, compared to ¥3,996,110,697.60, marking an increase of 9.9%[104]. Risk Management - The company faces risks from increasing pressure on domestic and international economic conditions, which could adversely affect operational performance[43]. - To mitigate risks from accounts receivable, the company is implementing measures to enhance collection efforts and optimize cash flow management[44]. - Fluctuations in raw material and energy prices pose a risk to the company's performance, with strategies in place to manage material reserves and improve energy efficiency[45]. - The company is committed to maintaining a stable cash flow by broadening financing channels and optimizing debt structure[44]. Strategic Initiatives - The company is actively pursuing product structure adjustments and enhancing management efficiency to strengthen core competitiveness[43]. - The company is planning to expand its market presence in Southeast Asia, targeting a 25% increase in market share within the next year[60]. - A strategic acquisition of a local competitor is under consideration, which could potentially increase the company's customer base by 30%[60]. - The company aims to enhance its digital marketing efforts, with a budget increase of 20% allocated for the next quarter[60]. Research and Development - Investment in R&D has increased by 18% year-over-year, totaling 150 million CNY for the first quarter[60]. - Research and development expenses were ¥7,885,822.17, down from ¥9,248,966.91, a decrease of 14.7%[105]. - Research and development expenses for the current period were ¥4,975,916.56, a decrease from ¥5,815,886.10 in the previous period, indicating a potential shift in investment strategy[112]. Compliance and Governance - The company has ongoing commitments to ensure compliance with social insurance and housing fund contributions, with a focus on avoiding any potential liabilities[51]. - The company is currently fulfilling its commitments related to fundraising and governance, ensuring transparency and accountability in its operations[48]. - The management emphasized the importance of compliance and risk management, ensuring all operations align with regulatory standards[60]. Fundraising and Investments - Total funds raised amounted to 351,440.56 million, with 20,833.6 million (5.93%) allocated for changed purposes[61]. - The company plans to establish a wholly-owned subsidiary in Qingdao Jimo, with an investment of 15,000 million, which is 100% completed[64]. - The company has invested 5,700 million in the construction of a comprehensive R&D building project, which is 100% completed[64]. - The company adjusted the implementation location of its IPO fundraising projects to focus on the industrial park, consolidating resources for efficiency[69]. Operational Efficiency - The company continues to focus on order-driven production and management interaction to enhance operational efficiency and reduce costs[38]. - The company has made strategic adjustments to its fundraising projects in response to changes in market conditions and equipment needs, ensuring continued operational efficiency[70].

通裕重工股份有限公司 2018 年第三季度报告全文 通裕重工股份有限公司 2018 年第三季度报告 2018-072 2018 年 10 月 1 通裕重工股份有限公司 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。 公司负责人司兴奎、主管会计工作负责人石爱军及会计机构负责人(会计主 管人员)王龙飞声明：保证季度报告中财务报表的真实、准确、完整。 2 通裕重工股份有限公司 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） | 10,062,487,163.01 | 10,088,497,335.05 | | -0.26% | | 归属于上市公司股东的净资产 | 5,093,35 ...

Financial Performance - Total revenue for the first half of 2018 reached ¥1,733,293,688.65, representing a 24.45% increase compared to ¥1,392,748,369.75 in the same period last year[21]. - Net profit attributable to shareholders was ¥109,436,794.53, up 10.54% from ¥99,000,206.00 year-on-year[21]. - Net cash flow from operating activities surged by 227.31% to ¥203,031,453.76, compared to ¥62,030,297.68 in the previous year[21]. - The company achieved operating revenue of CNY 1,733,293,688.65, a year-on-year increase of 24.45%[44]. - Net profit attributable to shareholders reached CNY 10,943,620, a growth of 10.54% compared to the previous year[40]. - The company reported a significant increase in sales for the "other forgings" category, with revenue rising by 40.50%[46]. - The company reported a total revenue of 710.35 million with a net profit of 46.95 million, reflecting a profit margin of approximately 6.6%[73]. - The company reported a significant increase in operating profit, reaching 63.26 million, which is a positive indicator of operational efficiency[73]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥10,176,697,670.44, a slight increase of 0.87% from ¥10,088,497,335.05 at the end of the previous year[21]. - The total liabilities of the company were CNY 4,805,895,519.11, compared to CNY 4,677,310,192.06 at the beginning of the year, reflecting a slight increase[155]. - The company's total assets as of the end of the reporting period were CNY 10,176,697,670.44, slightly up from CNY 10,088,497,335.05 at the beginning of the year[155]. - Current liabilities totaled CNY 4,122,507,061.33, an increase from CNY 3,877,588,581.76 at the start of the year[154]. - The company's short-term borrowings increased to approximately 2.321 billion RMB, up from 1.970 billion RMB[153]. - The company's cash and cash equivalents decreased to CNY 965,368,419.33 from CNY 1,267,126,326.30, a decline of 23.8%[157]. - The total owner's equity at the end of the current period is CNY 5,411,187,142, an increase from the previous period[180]. Investments and Capital Expenditure - The company has invested CNY 33,657.4 million in a project to increase the production of 3MW wind turbine main shafts, achieving a progress rate of 96.02%[59]. - The company has committed to various investment projects, with a total investment amount of CNY 256,619 million and a cumulative investment of CNY 213,551 million[60]. - The company reported a 100% increase in investment during the reporting period, with an investment amount of CNY 1,481,900.00 compared to CNY 0.00 in the same period last year[53]. - The company has a total of CNY 1,024,832,420.85 in fixed assets pledged for bank loans and financing leases[52]. - The company has a remaining balance of CNY 32,423.96 million in unutilized funds from a previous non-public offering[57]. Research and Development - R&D investment increased by 11.98% to CNY 18,440,224.60, reflecting the company's commitment to innovation[44]. - The company has a robust R&D capability, recognized as a national high-tech enterprise, with certifications from multiple international classification societies[36]. - The company is actively pursuing new technology development and product innovation to stay competitive in the market[73]. Market Position and Strategy - The company has established strong customer relationships with high-end users, including GE, Siemens, and Vestas, enhancing its market position[37]. - The company is focusing on expanding its market presence and enhancing its product offerings in the forging and new energy sectors[73]. - The company plans to enhance its product structure and improve management efficiency to mitigate market risks and increase core competitiveness[75]. - The company plans to focus on green development and innovation to enhance its core competitiveness in the future[42]. Financial Management - The company maintained a stable cash flow despite a challenging macroeconomic environment, successfully repaying CNY 480 million in medium-term notes[41]. - The company has not engaged in entrusted financial management, derivative investments, or entrusted loans during the reporting period[67][68][69]. - The company has not reported any significant changes in the integrity status of its controlling shareholders or actual controllers[93]. - The company has not faced any penalties or rectification issues during the reporting period[92]. Environmental Compliance - The company operates as a key pollutant discharge unit, with total sulfur dioxide emissions of 118.1894 tons/year, exceeding the approved limit of 129.039 tons/year[110]. - The company has implemented continuous online monitoring for emissions, ensuring compliance with national environmental regulations, with no reported environmental violations during the reporting period[110]. - The company has established an emergency response plan for environmental incidents, which was officially filed with the local environmental protection bureau[112]. Shareholder Information - The total number of shares outstanding is 3,267,743,928, with 83.89% being unrestricted shares[119]. - The largest shareholder, Si Xingkui, holds 13.76% of shares, totaling 449,516,250 shares, with 112,379,063 shares pledged[124]. - The company has not reported any other significant matters requiring disclosure during the reporting period[114]. - The company’s board of directors and senior management did not experience any changes in shareholding during the reporting period[131].

通裕重工股份有限公司 2018 年第一季度报告全文 通裕重工股份有限公司 2018 年第一季度报告 2018-026 2018 年 04 月 1 通裕重工股份有限公司 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。 公司负责人司兴奎、主管会计工作负责人石爱军及会计机构负责人(会计主 管人员)王龙飞声明：保证季度报告中财务报表的真实、准确、完整。 2 通裕重工股份有限公司 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 | | 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） | 687,825,251.62 | 628,211,240.22 | 9.49% | | 归属于上市公司股东的净利润（元） | 21,410,128.80 | 16,523 ...

Financial Performance - The company's operating revenue for 2017 was ¥3,170,681,268.78, representing a 30.50% increase compared to ¥2,429,579,842.64 in 2016[20] - The net profit attributable to shareholders for 2017 was ¥213,518,012.87, up 28.46% from ¥166,214,301.70 in the previous year[20] - The net profit after deducting non-recurring gains and losses was ¥194,731,472.38, reflecting a 31.36% increase from ¥148,240,915.52 in 2016[20] - The basic earnings per share for 2017 was ¥0.07, a 40.00% increase from ¥0.05 in 2016[20] - The total assets at the end of 2017 amounted to ¥10,088,497,335.05, a 10.86% increase from ¥9,100,316,026.81 at the end of 2016[20] - The net assets attributable to shareholders at the end of 2017 were ¥5,075,901,278.86, which is a 1.65% increase from ¥4,993,339,970.76 in 2016[20] - The net cash flow from operating activities for 2017 was ¥87,336,180.48, down 57.63% from ¥206,143,258.57 in 2016[20] - The company reported a total revenue of approximately CNY 34.92 billion, with a net profit of CNY 4.61 billion[88] Revenue Breakdown - Revenue from the general equipment manufacturing industry was CNY 2,076,589,937.28, accounting for 65.49% of total revenue, with a year-on-year growth of 13.40%[48] - The company reported a significant increase in revenue from pressure vessel forgings, which rose by 219.25% to CNY 122,820,341.07[50] - Domestic revenue accounted for 85.81% of total revenue at CNY 2,720,728,497.08, reflecting a 39.17% increase compared to the previous year[48] - The company's foreign revenue decreased by 5.19% to CNY 449,952,771.70, representing 14.19% of total revenue[48] Operational Efficiency and Management - The company plans to continue product structure adjustments and improve management efficiency to enhance core competitiveness and mitigate market risks[6] - The company maintained a strong emphasis on management efficiency, restructuring its management framework to improve operational effectiveness[44] - The company aims to enhance its refined management level by implementing the 7S management concept and improving its ERP information system, which is expected to increase operational efficiency and reduce costs[95] - The company has established a performance evaluation system linked to production tasks, ensuring a fair distribution of wages based on performance[185] Research and Development - Significant innovations were made in product development, including the R&D of a 300,000 kW generator rotor and ultra-thick-walled hydrogen reactor forgings[43] - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing production efficiency[165] - The company completed the R&D and trial production of several new products, including a 300,000 kW generator rotor and ultra-thick-walled hydrogen reaction vessel forgings[62] Market Position and Outlook - The company maintained its leading position in the MW-level wind turbine spindle market despite a decrease in orders compared to the previous year[28] - The company’s market outlook remains positive due to the ongoing urbanization process and the promotion of urban underground comprehensive pipe gallery construction[29] - The company is focused on enhancing its operational efficiency and strategic adjustments in response to market changes, which is expected to drive future growth[88] Investment and Financial Management - The company has committed to using the funds raised from the issuance of A-shares for specific purposes as decided by the board[108] - The company has made investments totaling ¥19,459,516.00 during the reporting period, a 21.62% increase from the previous year's investment of ¥16,000,000.00[73] - The company raised ¥136,609.54 million through a non-public offering, with ¥79,511.26 million utilized by the end of the reporting period[79] Shareholder and Governance - The company’s profit distribution plan for 2017 is consistent with its articles of association and has been approved by the board of directors[103] - The actual controller of the company, Si Xingkui, and director Zhu Jinzhi signed a "Consistent Action Agreement" to ensure consistent decision-making in major company matters since its establishment in 2001[108] - The company has established a limit on the transfer of shares by its executives, restricting annual transfers to no more than 25% of their total holdings[109] Social Responsibility and Environmental Commitment - The company is committed to fulfilling its social responsibility by promoting green, environmentally friendly, and energy-saving practices[96] - The company is committed to green development and has been recognized as a national high-tech enterprise and an environmentally friendly enterprise in Shandong Province[139] Employee and Management Structure - The total number of employees in the company is 3,086, with 1,604 in the parent company and 1,482 in major subsidiaries[184] - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[192] - The company has a total remuneration of CNY 17.66 million for 21 directors, supervisors, and senior management during the reporting period[181] Legal and Compliance - The company has not reported any significant changes in the feasibility of its projects after adjustments, suggesting ongoing project viability[88] - The company has not experienced any changes in the scope of consolidated financial statements compared to the previous year[115] - The company strictly adheres to information disclosure regulations, ensuring timely and accurate communication with investors[195]

2017-068 2017 年 10 月 通裕重工股份有限公司 2017 年第三季度报告全文 通裕重工股份有限公司 2017 年第三季度报告 1 通裕重工股份有限公司 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。 公司负责人司兴奎、主管会计工作负责人石爱军及会计机构负责人（会计 主管人员）王龙飞声明：保证季度报告中财务报表的真实、准确、完整。 2 通裕重工股份有限公司 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 非经常性损益项目和金额 √ 适用 □ 不适用 单位：元 | 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） | 279,371.16 | | | 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） | 15,413,398.86 ...

Financial Performance - Total revenue for the first half of 2017 reached ¥1,392,748,369.75, representing a 19.36% increase compared to ¥1,166,826,734.30 in the same period last year[19]. - Net profit attributable to shareholders was ¥99,000,206.00, up 19.16% from ¥83,084,373.39 year-on-year[19]. - The net profit after deducting non-recurring gains and losses was ¥91,671,497.72, reflecting a 27.10% increase from ¥72,127,066.20 in the previous year[19]. - The company achieved a revenue of 1,392,748,369.75 CNY in the first half of 2017, representing a year-on-year growth of 19.36%[36]. - The net profit attributable to shareholders was 9,900.02 CNY, an increase of 19.16% compared to the same period last year[36]. - The company reported a revenue of 493.02 million for the first half of 2017, with a net profit of 129.06 million, indicating a decrease in profit compared to the previous period[69]. - The company faced a net loss of 6.89 million in the first half of 2017, reflecting challenges in the market[70]. - The company reported a significant decrease in profit margins, with a loss of 6.12 million attributed to operational challenges[72]. Cash Flow and Financial Position - The net cash flow from operating activities decreased by 43.94% to ¥62,030,297.68, down from ¥110,658,956.87 in the same period last year[19]. - Operating cash flow decreased by 43.94% to ¥62,030,297.68, mainly due to increased material procurement and payroll expenses[40]. - The company reported a net increase in cash and cash equivalents of -¥224,412,991.36, a decline of 116.49%[40]. - The company’s cash and cash equivalents decreased to ¥1,484,325,542.03 from ¥1,728,140,713.64, representing a decline of approximately 14.14%[127]. - The company’s cash and cash equivalents decreased to CNY 1,255,641,583.66 from CNY 1,469,679,249.08, a decline of 14.5%[132]. - The company reported a total cash inflow from operating activities of CNY 959,263,788.45, compared to CNY 940,797,675.36 in the previous period[145]. - The company incurred financial expenses of CNY 57,752,834.26, down from CNY 67,976,497.59 in the previous period, indicating a reduction of 15.5%[140]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,379,813,440.40, a 3.07% increase from ¥9,100,316,026.81 at the end of the previous year[19]. - Total liabilities amounted to ¥4,110,492,224.50, compared to ¥3,800,020,872.03 at the beginning of the period, reflecting an increase of about 8.15%[129]. - The company’s inventory increased to ¥1,593,629,090.21, representing 16.99% of total assets, primarily due to increased raw material reserves[45]. - Total liabilities amounted to CNY 3,280,728,314.26, compared to CNY 3,048,686,657.05 at the start of the period, indicating a rise of 7.6%[134]. - The company’s total liabilities increased, with borrowings received amounting to CNY 1,341,200,000.00, compared to CNY 1,080,374,570.89 in the previous period[146]. Investments and Capital Expenditure - The company committed to invest RMB 256,619 million in various projects, with RMB 213,551 million utilized by the report date, achieving a progress rate of 83%[56]. - The company plans to increase production capacity by 3,000 units of 3MW and above fiber-reinforced wind turbine main shafts, with a total investment of RMB 62,156 million, of which RMB 32,083.2 million has been invested[56]. - The company has a project for the intelligent treatment of nuclear waste with a total investment of RMB 65,400 million, with only 10.84% of the funds utilized by December 31, 2017[56]. - The company has committed to ensuring that adjustments to fundraising projects do not materially impact ongoing operations[58]. Market Position and Partnerships - The company has established stable partnerships with major international wind turbine manufacturers, indicating strong market presence[25]. - The production and sales of wind power main shafts continued to grow, with significant increases in international market orders[25]. - The company has become the largest producer of MW-level wind power main shafts in China and the largest production base for ductile iron pipe molds in Asia[25]. - The company has established long-term stable partnerships with high-end users such as GE, Siemens, and Vestas, enhancing its market development advantage[33]. - The company is committed to expanding its market presence and exploring potential mergers and acquisitions to drive growth[69]. Shareholder and Governance Matters - The company plans not to distribute cash dividends or issue bonus shares[6]. - The actual controller of the company, Si Xingkui, and director Zhu Jinzhi have signed a consensus action agreement to maintain consistent opinions in major decision-making processes, which has been effective since the company's establishment in 2001[76]. - Shareholders have committed to jointly bear all economic and legal responsibilities for any losses incurred by the company due to changes in share capital or related transactions[77]. - The company has established a limit on the transfer of shares by its directors and senior management, restricting transfers to no more than 25% of their total holdings annually[77]. Risk Management - The company is experiencing increased risks due to domestic and international economic pressures, which may adversely affect operational performance[70]. - The company is implementing measures to mitigate risks associated with rising accounts receivable and potential bad debts by enhancing credit assessments and optimizing cash flow[71]. - The company is also addressing risks from fluctuations in raw material and energy prices, focusing on improving material utilization and energy efficiency[71]. Compliance and Legal Matters - The company has not engaged in any major related party transactions during the reporting period[87]. - The company has not undergone any bankruptcy reorganization during the reporting period[81]. - The company has not faced any penalties or rectification issues during the reporting period[84]. - The company has not reported any media controversies during the reporting period[83].