通裕重工股份有限公司 2020 年第一季度报告全文 通裕重工股份有限公司 2020 年第一季度报告 2020-021 2020 年 04 月 1 通裕重工股份有限公司 2020 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 2020 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 | --- | --- | --- | --- | |-----------------------------------------------------|-----------------------------|---------------------------|------------------------- ...

Financial Performance - The total operating revenue for 2019 was CNY 4,027,450,901.76, representing a 13.93% increase compared to CNY 3,535,026,649.42 in 2018[19] - The net profit attributable to shareholders of the listed company was CNY 235,035,264.38, an increase of 8.22% from CNY 217,176,896.91 in the previous year[19] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 240,300,851.93, which is a 24.19% increase from CNY 193,487,459.06 in 2018[19] - The net cash flow from operating activities was CNY 344,508,190.39, up 44.42% from CNY 238,542,617.13 in the previous year[19] - The total assets at the end of 2019 were CNY 12,295,248,599.25, an increase of 18.61% from CNY 10,365,983,318.46 at the end of 2018[19] - The net assets attributable to shareholders of the listed company were CNY 5,317,056,860.41, reflecting a 3.17% increase from CNY 5,153,929,996.60 in 2018[19] - The basic earnings per share remained at CNY 0.07, unchanged from the previous year[19] - The diluted earnings per share also remained at CNY 0.07, consistent with the previous year[19] - The weighted average return on net assets was 4.53%, an increase from 4.25% in 2018[19] Revenue Growth - Total revenue for the first quarter was ¥794,633,577.77, increasing to ¥1,268,056,738.48 in the fourth quarter, representing a growth of approximately 59.5%[21] - Net profit attributable to shareholders was ¥23,502,511.40 in the first quarter, rising to ¥62,733,674.89 in the fourth quarter, reflecting an increase of about 166.5%[21] - The company achieved a revenue of 402,745.09 million yuan in 2019, representing a year-on-year growth of 13.93%[46] - Wind power spindle revenue reached 88,464.62 million yuan, up 62.18% year-on-year, while casting revenue increased by 106.84% to 65,409.06 million yuan[46] - Revenue from the general equipment manufacturing industry was ¥3,445,758,820.38, accounting for 85.56% of total revenue, with a significant year-on-year growth of 35.16%[53] - Wind power main shaft revenue increased by 62.18% to ¥884,646,241.01, contributing 21.97% to total revenue[53] - Domestic revenue amounted to ¥3,331,223,091.21, which is 82.71% of total revenue, reflecting a year-on-year increase of 23.69%[56] Cash Flow and Investments - The company’s cash flow from operating activities showed strong performance, particularly in the fourth quarter, indicating robust operational efficiency[21] - The net cash flow from financing activities increased by 157.99% to ¥226,984,311.53, primarily due to increased borrowings[76] - The total investment amount for the reporting period was ¥14,000,020.32, a decrease of 91.40% compared to ¥162,830,381.43 in the same period last year[83] - The company has ongoing projects with a total committed investment of ¥62,156 million, with an investment progress of 98.90%[90] - The company reported a total of 157,222.41 million in raised funds directed towards various projects, with a significant portion allocated for working capital[98] Research and Development - Research and development expenses increased by 119.69% to ¥112,030,191.10, attributed to increased investment in R&D projects[70] - The company’s R&D investment accounted for 2.78% of operating revenue in 2019, up from 2.34% in 2018[72] - The company has invested in R&D and holds multiple patents, significantly improving material utilization and product quality in wind power spindle manufacturing[40] Market Expansion and Strategy - The company is actively expanding its product offerings in the wind power sector, including modular products for wind turbine manufacturers[30] - The company is focusing on high-end equipment manufacturing for various industries, including energy, aerospace, and marine engineering[30] - The company is transitioning to a modular business model for wind power equipment, providing modular products to wind turbine manufacturers, which reduces transportation costs and assembly workload for clients[50] - The company has established long-term cooperative relationships with nearly a thousand enterprises, with products sold in over 40 countries and regions[42] Risk Management - The company acknowledges potential risks from domestic and international economic downturns and plans to adjust product structures accordingly[128] - The company faced risks from fluctuations in raw material prices, particularly for scrap steel, pig iron, and alloys, and has taken steps to stockpile materials to alleviate these impacts[132] - The company has reduced energy consumption through process innovation and equipment upgrades, addressing the volatility in electricity and natural gas prices[132] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.40 per 10 shares to all shareholders[5] - The cash dividend policy was approved by the board and aligns with the company's articles of association and shareholder resolutions[136] - The cash dividend for 2018 was 0.20 RMB per 10 shares, amounting to 65,354,878.56 RMB, which was 30.09% of the net profit for that year[140] - The company plans to continue its dividend distribution strategy, maintaining a consistent approach over the past three years[140] Corporate Governance - The actual controller of the company, Si Xingkui, and director Zhu Jinzhi signed a "Consistent Action Agreement" to maintain consistent opinions in major decision-making processes since the company's establishment in 2001[144] - The company has not engaged in any direct or indirect competitive activities that would harm its interests, and promises to compensate for any losses caused by such activities[146] - The company guarantees that there will be no actions taken to gain control over the company through shareholding increases or other means, ensuring no interference in normal operations[146] Compliance and Reporting - The company reported no significant litigation or arbitration matters during the reporting period[174] - The company has no penalties or rectification situations during the reporting period[175] - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties during the reporting period[158] - The company has not reported any non-compliance with its commitments to minority shareholders during the reporting period[158]

通裕重工股份有限公司 2020 年第一季度报告全文 通裕重工股份有限公司 2020 年第一季度报告 2020-021 2020 年 04 月 1 通裕重工股份有限公司 2020 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 2020 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 | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------|-----------------------------|-------|------------------------- ...

通裕重工股份有限公司 2020 年第一季度报告全文 通裕重工股份有限公司 2020 年第一季度报告 2020-021 2020 年 04 月 1 通裕重工股份有限公司 2020 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 2020 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 | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------|-----------------------------|-------|------------------------- ...

Financial Performance - Operating revenue for the reporting period reached CNY 973,028,435.52, a year-on-year increase of 14.67%[10] - Net profit attributable to shareholders increased by 15.21% to CNY 53,989,069.17 compared to the same period last year[10] - The net profit after deducting non-recurring gains and losses rose by 28.22% to CNY 57,549,641.56[10] - The company reported a significant increase in employee compensation payable, which rose to ¥122,252,306.96 from ¥95,014,632.73, an increase of about 28.7%[59] - The total operating profit for the year-to-date is ¥239.86 million, an increase of 10.4% from ¥217.35 million in the previous year[93] - The company reported a total comprehensive income of ¥186,910,095.66, compared to ¥172,996,693.62 in the previous period, reflecting a growth of 8.3%[100] Assets and Liabilities - Total assets increased by 8.67% to CNY 11,264,492,203.21 compared to the end of the previous year[10] - Total current assets increased to ¥5,733,322,973.90 from ¥5,002,386,169.32, representing a growth of approximately 14.6%[56] - Total non-current assets rose to ¥5,531,169,229.31 from ¥5,363,597,149.14, indicating an increase of about 3.1%[56] - Total liabilities amounted to ¥5,827,006,781.41, compared to ¥5,033,199,513.76, showing an increase of about 15.7%[59] - Total current liabilities increased to ¥4,661,807,191.88 from ¥4,001,768,941.80, marking a rise of around 16.4%[59] - Total equity rose to ¥5,144,899,907.25, up from ¥5,091,709,409.00, indicating a growth of 1.0%[72] Cash Flow - Cash flow from operating activities decreased by 15.40% to CNY 186,017,927.93 compared to the same period last year[10] - The net cash flow from operating activities was CNY 597,633,438.65, compared to CNY 396,157,543.73 in the prior period, indicating a growth of approximately 50.8%[116] - Cash inflow from financing activities totaled CNY 841,450,000.00, compared to CNY 994,088,876.03 in the previous period[119] - The ending cash and cash equivalents balance was CNY 231,669,774.00, down from CNY 362,948,531.09 in the previous period[119] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 122,284[14] - The largest shareholder, Si Xingkui, holds 10.32% of the shares, totaling 337,137,188 shares[14] - The company’s major shareholder, Mr. Si Xingkui, transferred 112,379,062 shares, representing 3.44% of the total share capital, to Shandong Guohui Investment Co., Ltd. on July 30, 2019[29] - After the agreement transfer, Mr. Si Xingkui holds 337,137,188 shares, accounting for 10.32% of the total share capital[32] Expenses - Sales expenses for the first nine months of 2019 increased by 30.61% compared to the same period last year, mainly due to higher freight costs[25] - Financial expenses for the first nine months of 2019 increased by 31.94% compared to the same period last year, primarily due to increased loan interest expenses[25] - Research and development expenses for the current period were ¥14,299,473.89, slightly higher than ¥13,229,457.51 in the previous period[73] Investments and Commitments - The company has ongoing commitments regarding the use of raised funds, ensuring they are stored in a designated account as per board decisions[32] - The company has made commitments to avoid any actions that would lead to acquiring control over the company through shareholding increases or other means[32] - The company has ongoing construction projects valued at ¥406,951,548.12, indicating continued investment in infrastructure[123] Other Financial Metrics - The company reported a basic earnings per share of ¥0.01, consistent with the previous period[80] - The company confirmed that there were no violations regarding external guarantees during the reporting period[48] - The company has not indicated any significant changes in net profit compared to the previous year, suggesting stable financial performance[47]

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].