Financial Performance - Operating revenue for the reporting period was CNY 687,211,813.68, representing a 23.00% increase year-on-year[7] - Net profit attributable to shareholders decreased by 68.29% to CNY 6,356,526.75 compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -50,396,794.44, a decrease of 531.93%[7] - Basic earnings per share fell by 68.30% to CNY 0.0110[7] - The weighted average return on net assets was 0.27%, down by 0.58% compared to the previous year[7] - The net profit attributable to the parent company was CNY 36.89 million, a decrease of 66.84% compared to the same period last year, primarily due to adjustments in major customer orders and overall sales impact[21] - Investment income increased significantly by CNY 72.31 million, attributed to the acquisition of a 16% stake in AVIC Xinnuo (Yingkou) High-tech Co., Ltd., raising the company's ownership to 65%[21][24] - Financial expenses rose by 77.68% to CNY 48.80 million, mainly due to a decrease in exchange gains and interest income[21] - The company experienced a 42.40% decline in interest income, amounting to CNY 10.49 million, due to reduced fixed-term deposits[21] - The company recorded a significant increase in cash flow from financing activities, up 107.15% to CNY 999.86 million, primarily due to increased bank borrowings[21] - The company faced a 361.24% increase in asset impairment losses, totaling CNY 10.92 million, due to increased bad debt provisions[21] Assets and Liabilities - Total assets increased by 8.82% to CNY 5,525,097,511.81 compared to the end of the previous year[7] - The company's total current assets reached CNY 3,412,827,422.77, up from CNY 3,252,747,931.50 year-over-year[34] - The total liabilities of the company were CNY 2,969,920,144.22, compared to CNY 2,570,635,409.87 at the end of 2018, indicating an increase of about 15.6%[36] - The company's equity attributable to shareholders rose to CNY 2,404,124,426.54 from CNY 2,381,406,633.16, showing a slight increase of approximately 0.95%[36] - The total non-current assets amounted to CNY 2,112,270,089.04, up from CNY 1,824,372,040.56, indicating a growth of approximately 15.8%[34] - Total liabilities increased to CNY 2,490,410,227.79 in Q3 2019, up from CNY 2,248,407,097.58 in the same period last year[40] - The total liabilities were CNY 2,467,050,546.96, with current liabilities comprising a significant portion of this total[69] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 146,275,850.84, an increase of 5.83%[7] - The company reported a 5.83% increase in net cash flow from operating activities, totaling CNY 146.28 million[21] - The net cash flow from operating activities for Q3 2019 was CNY 698,403,065.50, an increase of 21% compared to CNY 577,529,762.59 in Q3 2018[64] - Cash flow from operating activities generated a net amount of ¥146,275,850.84, compared to ¥138,223,288.68 in the previous period, an increase of 5.06%[61] - The cash inflow from operating activities was CNY 1,820,635,948.00, which is an increase from CNY 1,668,060,755.69 in Q3 2018, representing a growth of about 9%[64] - The company received CNY 601,464,268.71 in cash related to operating activities, which was lower than CNY 954,834,154.65 in the previous year, indicating a decline of approximately 37%[64] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,594[11] - The largest shareholder, Huang Changhua, holds 30.46% of the shares, with 175,990,025 shares pledged[11] Investments and Expenditures - The company reported non-operating income of CNY 28,510,953.44 from government subsidies[8] - The company is focusing on R&D investments in 5G and AIOT-related new products, impacting expenses and profits during the reporting period[21] - Research and development expenses for Q3 2019 were CNY 31,286,783.96, a decrease from CNY 37,109,492.21 in the same period last year[43] - Research and development expenses for the year-to-date period were ¥80,442,288.55, down from ¥88,288,245.18 in the previous year[52] Changes in Financial Position - Accounts receivable increased by CNY 65,780,165.27, or 48.07%, primarily due to the activation of a bill pool in cooperation with banks during the reporting period.[19] - Prepayments rose by CNY 22,892,581.14, or 47.41%, attributed to an increase in advance payments for goods during the reporting period.[19] - Construction in progress surged by CNY 87,162,275.20, or 175.38%, due to increased investments in the company's industrial park.[19] - Long-term borrowings reached CNY 117,020,000, marking a 100% increase due to new long-term loans secured against fixed and intangible assets.[19] - The company reported a 214% increase in accounts payable, amounting to CNY 165,871,755.25, due to increased use of bank acceptance bills for supplier payments.[19] - Deferred tax assets rose by CNY 15,313,070.74, or 62.76%, as a result of unutilized losses recognized as deferred tax assets.[19] - Other non-current assets increased by CNY 35,090,360.17, or 33.65%, primarily due to increased prepayments for equipment and project payments.[19] - The company experienced a decrease in payable employee compensation by CNY 9,918,870.70, or 31.48%, due to the distribution of year-end bonuses during the reporting period.[19] Strategic Initiatives - The company plans to invest CNY 35 million in an employee stock ownership plan to enhance employee engagement and retention[22] - The company signed a strategic cooperation agreement with Shenzhen Investment Control Capital Co., Ltd. to strengthen market competitiveness[23]

Financial Performance - The company reported a revenue of 300 million RMB for the first half of 2019, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was 50 million RMB, up 10% compared to the same period last year[12]. - Total revenue for the reporting period was ¥1,303,852,984.39, a decrease of 4.77% compared to the same period last year[19]. - Net profit attributable to shareholders was ¥30,533,613.85, down 66.53% year-over-year[19]. - The company’s total revenue for the reporting period was RMB 1,303.85 million, a year-on-year decrease of 4.77%[39]. - The net profit attributable to shareholders was RMB 305.34 million, down 66.53% year-on-year[39]. - The company reported a total revenue of 994.92 million yuan for the first half of 2019, indicating a significant increase compared to the previous period[107]. - The net profit for the first half of 2019 was a loss of CNY 27,306,959.81, compared to a profit of CNY 8,800,691.44 in the first half of 2018, indicating a significant decline[191]. Research and Development - The company plans to invest 20 million RMB in R&D for new product development in the next fiscal year[12]. - R&D investment for the first half of 2019 was ¥94,142,500, accounting for 7.22% of total revenue[31]. - The company is focusing on the development of new products related to 5G, including PCB boards and optical modules, to meet customer demand[30]. - Research and development expenses accounted for 10% of total revenue, amounting to CNY 106,600,000[81]. - The company has established several specialized research institutes to enhance R&D capabilities, including a 5G communication research institute[34]. - The company is actively pursuing new projects in the 5G industry but faces risks related to market conditions and policy changes that may affect project progress and economic benefits[97]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2021[12]. - User data showed an increase of 25% in active users for the company's main product line[12]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2020[80]. - A strategic acquisition of a local tech firm is expected to enhance the company's product offerings and market reach[81]. - The company is exploring partnerships with international firms to enhance its technological capabilities and market access[81]. Cash Flow and Investments - Operating cash flow for the period was ¥42,482,417.65, an increase of 174.36% year-over-year[19]. - The company reported a significant increase in cash flow from operating activities, which rose by 174.36% to RMB 424.82 million[39]. - The company reported a total cash inflow from financing activities of CNY 1,375,803,518.76, compared to CNY 1,096,276,112.75 in the same period of 2018[196]. - The total cash outflow from investing activities was CNY 170,510,380.46, an increase from CNY 152,434,111.90 in the first half of 2018[195]. - The company invested a total of 5,000 million RMB in bank wealth management products during the reporting period, with no overdue amounts[72]. Shareholder and Equity Information - No cash dividends or stock bonuses will be distributed to shareholders for this fiscal year[5]. - The company has launched an employee stock ownership plan to improve employee cohesion and competitiveness[42]. - The company has implemented an employee stock incentive plan, with an initial grant of 800,000 shares at a price of 7.63 yuan per share, aimed at enhancing employee motivation and retention[111]. - The company’s stock incentive plan includes a reserve of 200,000 shares at a price of 7.86 yuan per share, further supporting employee engagement[113]. - Major shareholder Zheng Jun plans to reduce his holdings by up to 5,778,038 shares, representing 1% of the total share capital, to repay stock pledge financing[144]. Risks and Challenges - The company faces risks related to market competition and supply chain disruptions, with strategies in place to mitigate these risks[4]. - The company aims to manage foreign exchange risks through appropriate strategies, including reducing net exposure and engaging in foreign exchange derivatives[97]. - The company is currently involved in multiple lawsuits, with a total amount in dispute of approximately 1,724.24 million yuan, but these are not expected to have a significant impact on the company's operations[107]. Legal and Compliance - The semi-annual financial report for the company has not been audited[103]. - The company has not faced any penalties or corrective actions during the reporting period, indicating a stable compliance status[109]. - There were no media controversies reported during the period, reflecting a positive public perception[108].

Financial Performance - The company’s operating revenue for 2018 was CNY 2,593,018,449, representing a 13.41% increase compared to CNY 2,286,467,012 in 2017[20]. - The net profit attributable to shareholders for 2018 was CNY 131,576,698, a slight increase of 1.12% from CNY 130,123,526 in 2017[20]. - The net cash flow from operating activities improved significantly to CNY 290,494,115, a 183.10% increase compared to a negative cash flow of CNY -362,319,789 in 2017[20]. - The total assets at the end of 2018 were CNY 5,077,119,972, reflecting a decrease of 13.66% from CNY 5,880,344,364 at the end of 2017[20]. - The basic earnings per share for 2018 remained at CNY 0.23, unchanged from 2017[20]. - The company reported a total of CNY 34,204,174.22 in non-recurring gains for 2018, compared to CNY 18,332,788.30 in 2017[27]. - The company experienced a decrease in net profit after deducting non-recurring gains, which fell by 12.90% to CNY 97,372,524.17 in 2018 from CNY 111,790,738.49 in 2017[20]. - The weighted average return on equity for 2018 was 5.66%, a slight decrease from 5.81% in 2017[20]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 0.50 yuan per 10 shares (including tax) and no bonus shares, based on the total share capital after deducting repurchased shares[8]. - The company distributed a cash dividend of CNY 0.50 per 10 shares, totaling CNY 28.88 million, which represents 21.95% of the net profit attributable to ordinary shareholders for the year 2018[159]. - The cash dividend for 2017 was CNY 26.67 million, accounting for 20.49% of the net profit attributable to ordinary shareholders[159]. - The cash dividend for 2016 was CNY 44.45 million, which was 22.74% of the net profit attributable to ordinary shareholders[159]. Business Strategy and Market Expansion - The company has actively expanded into new business areas such as rail transit, new energy vehicles, and healthcare, which have shown steady revenue and profit growth, reducing reliance on the cyclical communication market[6]. - The company aims to continue investing in new fields and markets while refining its existing communication and defense sectors to mitigate risks from macroeconomic fluctuations[7]. - The company’s future outlook includes a commitment to further develop a comprehensive business model to reduce risks from single market fluctuations[7]. - The company is expanding into new markets such as electric vehicles and IoT, with self-developed products for these sectors[31]. - The company plans to expand its market presence through new product offerings and technological advancements in various sectors, including defense and transportation[80]. - The company is focusing on four major solutions in the 5G and smart IoT fields, including deep coverage and ultra-wideband solutions[53]. - The company is enhancing brand building and marketing efforts to provide comprehensive solutions for customers, aiming for continuous sales growth[135]. Research and Development - R&D expenses increased by 25.55 million yuan to 11.02 million yuan, a year-on-year increase of 30.23%[35]. - The company focuses on 5G product development, including 5G antenna PCBs, beam control chips, and high-speed components[30]. - The company has established five major research institutes and a total of 13 global R&D centers to focus on 5G product development[83]. - The company is developing several new products, including a 100G wide-temperature optical module and a flexible coaxial cable for spacecraft, which are expected to enhance market position[81]. - The company plans to continue its research and development efforts in optical communication technology and related products[99]. - The company has committed to a total investment of RMB 120,000 million across various projects, with a cumulative investment of RMB 68,001.42 million by the end of 2018[109]. Goodwill and Impairment Risks - The company reported a goodwill amount of 258.43 million yuan, highlighting potential impairment risks if future economic conditions worsen or if acquired companies fail to meet performance commitments[8]. - The company emphasizes the importance of integrating corporate cultures with acquired companies to minimize goodwill impairment risks[8]. - The company has recognized the potential risk of goodwill impairment and is actively working to integrate corporate cultures with acquired companies to mitigate this risk[149]. Economic and Market Conditions - The company acknowledges the cyclical and seasonal nature of its main revenue sources from the communication and defense industries, which are closely tied to macroeconomic conditions[6]. - The company has taken comprehensive measures to monitor domestic and international economic changes to avoid risks associated with adverse economic shifts[6]. - The company is addressing risks from macroeconomic fluctuations by diversifying into new business areas such as rail transportation and new energy vehicles[145]. - The global telecom market is expanding with the development of 5G networks, particularly in countries like the US, Japan, South Korea, and China, which is expected to create significant market opportunities for the company[129]. Corporate Governance and Compliance - The company’s financial report has been confirmed by its board of directors, ensuring the accuracy and completeness of the information presented[4]. - The company is committed to maintaining transparency in its financial reporting and ensuring compliance with regulatory requirements[101]. - The company has established a salary system linked to the performance compensation measures to ensure accountability among directors and senior management[165]. - The company has committed to fulfilling promises made during asset restructuring, which has been completed as of the reporting period end[160]. Legal and Regulatory Matters - The company has not faced any penalties or corrective actions during the reporting period[178]. - The company has ongoing litigation cases totaling 2,173.11 million yuan, with various cases still under trial[175]. - The company has reported a total of 430.03 million yuan in other litigation amounts that do not meet the disclosure standards[176]. - The company successfully resolved a legal case involving a claim of 2.2724 million yuan, which has been settled[173]. Asset Management and Investments - The company has made strategic acquisitions, including the establishment of Wuhan Jinxinno Optoelectronics Co., Ltd. and Shenzhen Xunuo Technology Co., Ltd.[55]. - The company transferred 15% equity of Jinnuo (Tianjin) Commercial Factoring Co., Ltd. for CNY 60,746,468.00, effective from November 30, 2018[67]. - The company also transferred 25% equity of Shenzhen Jinnuo Optoelectronic Technology Co., Ltd. for CNY 6,500,000.00, effective from December 31, 2018[69]. - The company has engaged in strategic equity sales, including a gain of CNY 10.87 million from the sale of Shenzhen Jinxinno Optoelectronic Technology Co., Ltd.[122]. Operational Efficiency - The company is strengthening internal control management and governance structure to improve operational efficiency and reduce costs[136]. - The company is investing in automation and information technology to improve operational efficiency and reduce management costs[139]. - The company is implementing organizational changes to improve management efficiency and adapt to the complexities of mergers and acquisitions[147].

Financial Performance - The company's operating revenue for 2018 was CNY 2,593,018,449, representing a 13.41% increase compared to CNY 2,286,467,012 in 2017[20]. - The net profit attributable to shareholders for 2018 was CNY 131,576,698.39, a slight increase of 1.12% from CNY 130,123,526.79 in 2017[20]. - The net cash flow from operating activities improved significantly to CNY 290,494,115.74, a 183.10% increase compared to a negative cash flow of CNY -362,319,789.00 in 2017[20]. - The total assets at the end of 2018 were CNY 5,077,119,972, reflecting a decrease of 13.66% from CNY 5,880,344,364 in 2017[20]. - The basic earnings per share for 2018 remained stable at CNY 0.23, unchanged from the adjusted figure in 2017[20]. - The company reported a total of CNY 30,342,333.64 in non-recurring gains and losses for 2018, compared to CNY 18,332,788.30 in 2017[27]. - The company experienced a decrease in net profit after deducting non-recurring gains and losses, which fell by 9.44% to CNY 101,234,364.75 in 2018[20]. - The weighted average return on equity for 2018 was 5.66%, a slight decrease from 5.81% in 2017[20]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 0.50 yuan per 10 shares (tax included) to all shareholders, with no bonus shares issued[8]. - The cash dividend for 2017 was CNY 26.67 million, accounting for 20.49% of the net profit attributable to ordinary shareholders[159]. - The cash dividend for 2016 was CNY 44.45 million, which was 22.74% of the net profit attributable to ordinary shareholders[159]. - The total number of shares for the cash dividend distribution is based on 577,503,834 shares, excluding 300,000 shares held in the repurchase account[154]. Business Expansion and Diversification - The company has actively expanded into new business areas such as rail transit, new energy vehicles, and healthcare, resulting in steady revenue and profit growth from these sectors[6]. - The company aims to mitigate risks associated with macroeconomic fluctuations by diversifying its business model and increasing investments in new markets[7]. - The company is expanding into new markets such as transportation and IoT, with a focus on high-margin non-coaxial cable businesses[35]. - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[20]. Research and Development - R&D expenses increased by 25.55 million yuan, a year-on-year increase of 30.23%[35]. - The company focuses on 5G product development, including 5G antenna PCBs, beam control chips, and high-speed components[30]. - Research and development investment reached CNY 203.22 million, accounting for 7.84% of total revenue[51]. - The company has established five major research institutes and a total of 13 global R&D centers to focus on 5G product development[83]. - The company is developing several new products, including a 100G optical module and a flexible coaxial cable for spacecraft, which are expected to enhance market position and revenue[81]. Financial Management and Risks - The company has taken comprehensive measures to monitor domestic and international economic changes to avoid risks from adverse economic shifts[6]. - The company acknowledges the cyclical nature of its main revenue sources from the telecommunications and defense industries, which are closely tied to macroeconomic conditions[6]. - The company emphasizes the importance of cultural integration and synergy with acquired companies to minimize goodwill impairment risks[8]. - The company reported a goodwill amount of 258.43 million yuan, highlighting potential impairment risks if future economic conditions change or if acquired companies fail to meet performance commitments[8]. - The company plans to reduce its net foreign exchange asset/liability exposure to manage foreign exchange risks effectively[148]. Operational Efficiency and Management - The company is strengthening internal control management and governance structure to improve operational efficiency and reduce costs, aiming for standardized and normalized management practices[136]. - The company is focusing on talent acquisition and development, implementing a comprehensive talent management system to maximize talent value and ensure competitiveness in technology[138]. - The company is undergoing organizational transformation to achieve a flatter management structure and enhance operational efficiency, aligning its strategic execution with market demands[147]. Legal and Compliance - The company faced a lawsuit involving an amount of 2.27 million yuan, which has been settled amicably[173]. - The company has not reported any significant litigation or arbitration matters that could impact its financial position[173]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period, indicating strong financial governance[168]. - The company has committed to not engaging in insider trading or sensitive period trading of its shares, ensuring compliance with regulations[171]. Strategic Goals and Future Outlook - The company aims to enhance its product offerings through continuous technological innovation and new product development, focusing on customer needs and integrating solutions[134]. - The company plans to leverage capital markets for growth, actively seeking complementary resources through mergers and acquisitions to strengthen its position as a provider of integrated signal interconnection solutions[141]. - The company is committed to improving information disclosure and investor relations management to enhance transparency and foster long-term relationships with investors[142].

Financial Performance - Total revenue for Q1 2019 was ¥597,000,530.83, a decrease of 6.42% compared to ¥637,967,044.46 in the same period last year[8] - Net profit attributable to shareholders was ¥20,375,312.88, down 59.41% from ¥50,197,864.61 year-on-year[8] - Net profit after deducting non-recurring gains and losses was ¥1,241,437.10, a significant drop of 97.27% from ¥45,471,977.46 in the previous year[8] - Basic earnings per share decreased by 55.56% to ¥0.04 from ¥0.11 in the previous year[8] - The total profit for the period was 26.97 million CNY, down 65.90% year-on-year[23] - Net profit attributable to shareholders was 20.38 million CNY, reflecting a 59.41% decline compared to the previous year[23] - The company’s earnings per share decreased by 55.56% to 0.04 CNY, primarily due to the decline in net profit attributable to shareholders[23] - The net profit for Q1 2019 was CNY 23,268,438.93, compared to CNY 64,881,710.39 in the same period last year, indicating a decrease of about 64.1%[59] - The total comprehensive income for Q1 2019 was CNY 23,172,510.45, a significant decline from CNY 64,181,714.79 in Q1 2018, reflecting a decrease of approximately 63.9%[59] - The company's operating profit for Q1 2019 was CNY 26,606,563.07, down from CNY 78,364,140.30 in the previous year, a decrease of about 66.0%[58] Cash Flow - Operating cash flow for the period was ¥57,097,303.66, a substantial increase of 293.19% compared to a negative cash flow of ¥29,555,049.77 in the same period last year[8] - The net cash flow from operating activities was ¥57,097,303.66, a significant improvement compared to a net outflow of ¥29,555,049.77 in Q1 2018[66] - Total cash inflow from operating activities reached ¥589,679,352.70, while cash outflow was ¥532,582,049.04, resulting in a net cash inflow[66] - Cash inflow from financing activities was ¥928,888,456.21, compared to ¥667,641,280.08 in the same period last year, indicating a 39% increase[67] - The net cash flow from financing activities was ¥80,057,616.44, a turnaround from a net outflow of ¥143,754,278.69 in Q1 2018[67] - The ending balance of cash and cash equivalents increased to ¥757,374,677.02 from ¥1,460,560,873.72 year-over-year[67] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,278,632,967.99, reflecting a 3.97% increase from ¥5,077,119,972.06 at the end of the previous year[8] - The company's total assets amounted to approximately CNY 5.28 billion, an increase from CNY 5.08 billion at the end of 2018, reflecting a growth of about 4.15%[47] - The total current liabilities were CNY 2.24 billion, compared to CNY 2.11 billion at the end of 2018, indicating a rise of about 6.15%[48] - The company's equity attributable to shareholders reached CNY 2,397,962,120.47, a slight increase from CNY 2,381,406,633.16 in the previous year[50] - Total liabilities increased to CNY 2,756,248,697.28 from CNY 2,570,635,409.87, reflecting a rise of 7.2%[50] Research and Development - The company is increasing investment in R&D for 5G-related new products and expanding into new markets, which is expected to impact current expenses and profits but lay a foundation for future performance[24] - The company has established five major research institutes focusing on 5G product development, with R&D investment continuously increasing as a percentage of revenue[30] - The company is focusing on the development of wireless private network systems and IoT platforms as part of its strategic initiatives[39] - Research and development expenses amounted to CNY 20,924,502.55, slightly down from CNY 21,571,992.72 in Q1 2018[56] - Research and development expenses increased to CNY 10,276,765.94 in Q1 2019 from CNY 9,633,574.30 in the previous year, representing an increase of approximately 6.7%[61] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,376[12] - The largest shareholder, Huang Changhua, holds 34.41% of the shares, with 198,824,140 shares, of which 152,142,590 are pledged[12] - The total number of restricted shares at the beginning of the period was 186,716,309, with 3,600,004 shares released during the period, resulting in an ending total of 190,284,034 restricted shares[18] - The company has a policy that allows directors and senior management to release 25% of their total shares at the end of the previous year[15] Compliance and Regulations - The report indicates that the company is adhering to the regulations set by the China Securities Depository and Clearing Corporation[15] - The report indicates that the first quarter results were not audited, which may affect the reliability of the data presented[78] - The company has no violations regarding external guarantees during the reporting period[41] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[42] Strategic Initiatives - The company plans to continue its strategic focus on both existing markets and new opportunities to reduce the impact of macroeconomic fluctuations[30] - The company has begun mass production of its wing shielding harness, which prevents electromagnetic interference during aircraft missions, contributing to revenue growth[28] - The company has successfully developed several new products, including low-loss air-insulated high-speed cable and flexible coaxial cables for spacecraft, enhancing its market competitiveness[28] - The company is currently developing several key projects, including a comprehensive electromagnetic compatibility solution and a 100G wide-temperature optical module, which are expected to enhance its market position[25] - The company has implemented a share incentive plan that allows for the release of shares based on specific criteria[17]

深圳金信诺高新技术股份有限公司 2018 年第三季度报告全文 证券代码：300252 证券简称：金信诺 公告编号：2018－145 深圳金信诺高新技术股份有限公司 2018 年第三季度报告 2018 年 10 月 1 深圳金信诺高新技术股份有限公司 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。 公司负责人黄昌华、主管会计工作负责人金圣奇及会计机构负责人(会计主 管人员)毛海林声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳金信诺高新技术股份有限公司 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） | 5,551,061,570.95 | ...

Financial Performance - Total operating revenue for the first half of 2018 was CNY 1,369,207,466, representing a 28.46% increase compared to CNY 1,065,896,194.79 in the same period last year[19]. - Net profit attributable to shareholders of the listed company decreased by 18.65% to CNY 91,220,874.98 from CNY 112,133,711.89 year-on-year[19]. - Net profit after deducting non-recurring gains and losses fell by 23.45% to CNY 84,702,646.77 compared to CNY 110,645,150.44 in the previous year[19]. - Basic and diluted earnings per share decreased by 37.42% to CNY 0.1579 from CNY 0.2523 in the previous year[19]. - The weighted average return on net assets was 3.94%, down from 4.94% in the same period last year, reflecting a 1.00% decrease[19]. - The company reported a total profit of CNY 146,428,865.10, slightly down from CNY 146,824,483.41 in the previous year[183]. - The company’s management expenses increased to CNY 121,884,409.02, up from CNY 78,696,484.16 year-on-year[182]. - The company reported a decrease in investment income, with a loss of CNY 2,317,543.29 compared to a gain of CNY 4,546,210.21 in the previous year[182]. Cash Flow and Assets - The net cash flow from operating activities improved significantly, with a net outflow of CNY 57,133,787.48, an 86.43% reduction from a net outflow of CNY 421,155,251.68 in the same period last year[19]. - The company’s cash flow from operating activities was CNY -57.13 million, a year-on-year increase of 86.43%[39]. - The company’s cash and cash equivalents decreased from RMB 1,890,175,376.76 at the beginning of the period to RMB 1,335,589,733.32 at the end of the period, representing a decline of approximately 29.3%[172]. - Total assets at the end of the reporting period were CNY 5,943,263,626.28, a 1.07% increase from CNY 5,880,344,364.46 at the end of the previous year[19]. - The company’s total liabilities decreased by 100% in long-term borrowings, from ¥24,500,000.00 to ¥0.00, due to repayment of bank loans[49]. - The company reported a total liability of CNY 3,272,293,269.05, down slightly from CNY 3,286,022,466.13, a decrease of about 0.42%[174]. Research and Development - The company increased its R&D investment to nearly 7% of revenue, amounting to an increase of CNY 54.91 million year-on-year[31]. - R&D investment accounted for nearly 7% of revenue in the first half of 2018, with an expected annual increase to over 8%[41]. - The company established three major research institutes and a total of 12 R&D centers globally to enhance its product development capabilities[31]. - The company holds a total of 198 patents, including 25 invention patents, and has initiated multiple national-level research projects[41]. - The company is focusing on 5G product development, with existing products including 5G antenna PCBs and high-speed components[26]. Investment and Projects - The company has invested 1.2 billion CNY in various projects, including the construction of the Jin Xin Nuo Industrial Park and a new connector production and R&D center[82]. - The investment progress for the "New Connector Production and R&D Center" project was 22.22%, with a total investment of CNY 23,293.85 million[61]. - The "Big Data Cable Production Base Construction" project achieved a completion rate of 99.99%, with a total investment of CNY 14,683.28 million[61]. - The company has not reported any significant changes in the feasibility of its committed investment projects[61]. Corporate Governance and Risk Management - The company maintained a focus on enhancing corporate governance and internal control systems to improve operational standards and protect shareholder interests[45]. - The company has outlined potential risks and countermeasures in its operational analysis section, which investors should pay attention to[5]. - The company has a risk of not achieving expected benefits from fundraising projects due to potential delays and market changes[82]. Shareholder and Equity Information - The company has not distributed cash dividends or bonus shares for the half-year period[85]. - The total number of common shareholders at the end of the reporting period was 22,621[153]. - The largest shareholder, Zhang Tian, holds 9.14% of the shares, amounting to 44,000,000 shares, with no changes during the period[154]. - The company reported a significant increase in shareholder equity, with a notable rise in the number of shares held by strategic investors[154]. Market Strategy and Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[200]. - The company is focusing on technological innovation and research and development to enhance its competitive edge in the market[200]. - The company has outlined a strategic plan for potential mergers and acquisitions to further strengthen its market position[200].

Financial Performance - Total revenue for Q1 2018 was CNY 637,967,044.46, representing a 28.49% increase compared to CNY 496,499,392.33 in the same period last year[8]. - Net profit attributable to shareholders decreased by 21.58% to CNY 50,197,864.61 from CNY 64,014,256.71 year-on-year[8]. - The weighted average return on equity decreased to 2.19% from 2.88% in the previous year[8]. - Total profit was 79.09 million, a year-on-year decrease of 4.91%[27]. - Net profit attributable to shareholders was 50.20 million, down 21.58% year-on-year[27]. - The company reported no significant changes in net profit or losses compared to the previous year, indicating stability in financial performance[45]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of CNY 29,555,049.77, a 91.27% improvement from a net outflow of CNY 338,720,743.13 in the previous year[8]. - Cash flow from operating activities was -29.56 million, but improved by 91.27% year-on-year[27]. - Cash and cash equivalents decreased to 1,666,379,080.25 yuan from 1,890,175,376.76 yuan, a decline of about 11.88%[51]. - The company reported a cash and cash equivalents balance of ¥1,460,560,873.72 at the end of the period, down from ¥1,561,537,381.88 at the beginning[68]. - Operating cash inflow totaled $268.04 million, down 34.3% from $408.38 million in the previous period[70]. - Net cash flow from operating activities was $72.32 million, a decrease of 23.8% compared to $94.82 million last period[71]. Assets and Liabilities - Total assets increased by 4.84% to CNY 6,164,798,401.55 from CNY 5,880,344,364.46 at the end of the previous year[8]. - The company's total liabilities were reported at 3,504,914,009.21 yuan, up from 3,286,022,466.13 yuan, indicating an increase of about 6.66%[53]. - Total assets as of March 31, 2018, amounted to 6,164,798,401.55 yuan, an increase from 5,880,344,364.46 yuan at the beginning of the period, reflecting a growth of approximately 4.83%[52]. - Total liabilities rose to ¥2,642,752,403.40, compared to ¥2,381,293,071.29, marking an increase of about 11%[57]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 24,055[17]. - The largest shareholder, Huang Changhua, holds 34.12% of the shares, totaling 151,656,675 shares, with 114,323,436 shares pledged[17]. - Zhang Tian, the second-largest shareholder, owns 9.14% of the shares, amounting to 40,607,078 shares, with 40,405,600 shares pledged[17]. - The top ten shareholders collectively hold significant stakes, with the first three shareholders accounting for over 51% of the total shares[17]. - The company maintained a stable profit distribution policy, ensuring clarity and compliance with regulations[44]. Investment and Projects - The company has raised CNY 1.2 billion through a private placement for various projects, including the construction of an industrial park and a new connector production center[14]. - The company has committed to several investment projects, including a new connector production and R&D center, with a total investment of 23,293.76 million CNY, achieving 20.94% of the planned progress[41]. - The special cable production capacity expansion project has an investment of 20,741.63 million CNY, with 18.69% of the planned progress achieved[41]. - The company established a joint venture with Ganzhou Guanghua Communication Technology, investing RMB 30 million[34]. - The company plans to increase registered capital by RMB 50 million for its subsidiary, Xinfeng Jinnuo High-tech Co., Ltd[36]. Research and Development - The company established three new research institutes and a software platform in Q1 to support product-oriented operations[12]. - The company is advancing several key R&D projects, including electromagnetic compatibility harnesses for new energy vehicles and underwater defense systems[29]. - The company is developing high-frequency multi-layer PCB boards suitable for 5G antenna applications[30]. - The company is expanding its product line with new connectors and high-speed optoelectronic composite connectors[30]. Market and Sales - The company aims to provide end-to-end connectivity solutions, transitioning from ordinary to effective connections, enhancing profitability[28]. - The company plans to accelerate the development of new products and markets to mitigate the impact of rising raw material costs[27]. - In Q1 2018, the company's top five suppliers accounted for 28.42% of total purchases, up from 26.00% in Q1 2017[30]. - The top five customers contributed 42.87% of total revenue in Q1 2018, a decrease from 51.18% in Q1 2017[32]. Organizational Changes - The company is implementing an organizational transformation to enhance management efficiency and adapt to market demands[12]. - The company has a strategy to maintain a significant portion of shares under lock-up to ensure stability among major shareholders[22]. Financial Management - The company did not engage in any repurchase transactions during the reporting period[20]. - The company has not experienced any significant changes in project feasibility or major issues with the use of raised funds[42]. - The company has not reported any changes in the implementation methods of the investment projects[42]. - The company distributed a cash dividend of 0.60 yuan per 10 shares for the 2017 fiscal year, totaling approximately 266.68 million yuan based on 444,464,488 shares[44].

Financial Performance - The company's operating revenue for 2017 was ¥2,286,467,012.01, representing a 13.42% increase compared to ¥2,015,929,718.47 in 2016[23]. - The net profit attributable to shareholders decreased by 33.42% to ¥130,123,526.79 in 2017 from ¥195,436,905.45 in 2016[23]. - The net cash flow from operating activities was negative at -¥362,319,789.01, a decline of 300.24% compared to ¥180,946,510.04 in 2016[23]. - The total assets increased by 44.71% to ¥5,880,344,364.46 at the end of 2017 from ¥4,063,568,914.89 at the end of 2016[23]. - The company reported a basic earnings per share of ¥0.29, down 38.30% from ¥0.47 in 2016[23]. - The total profit was 20,244.48 million yuan, a year-on-year decrease of 20.48%[38]. - The net profit attributable to shareholders was 13,012.35 million yuan, a year-on-year decrease of 33.42%[38]. - The net cash flow from operating activities was -36,231.98 million yuan, a year-on-year decrease of 300.24%[38]. Investment and R&D - The company invested ¥99,536,936.92 in R&D in 2017, which is 4.35% of its total revenue, enhancing its competitive edge and industry influence[55]. - The company has a strong focus on R&D, with 140 patents, including 15 invention patents, and has established several research institutes for advanced technology development[46]. - The company is focusing on the research and development of electronic equipment and optical communication products, which are critical for future growth[91]. - The company has made significant advancements in product development, including a new 100G wide-temperature optical module and various connector series[80]. Market Expansion and Strategy - The company is actively pursuing new market expansions and strategic partnerships, particularly in the defense and new energy sectors[56]. - The company aims to enhance its market presence by developing comprehensive interconnection solutions for new energy vehicles and rail transportation[34]. - The company is exploring new strategies for market expansion, including the development of new technologies and products in the telecommunications sector[92]. - The company plans to expand its international presence by developing tailored marketing strategies for key overseas markets, including Thailand, India, Brazil, and Sweden[121]. Organizational Structure and Management - By the end of 2017, the company had completed organizational reforms focusing on product-oriented operations, establishing six major centers and three product operation teams to enhance management efficiency[7]. - The company has recognized the need for a flat management structure and professional capabilities to support its strategic transformation and healthy operations[7]. - The company has adopted the Amiba management model to unify strategic execution and enhance operational efficiency[7]. - The company aims to improve management levels to address potential integration issues arising from cultural and management differences with newly acquired companies[5]. Acquisitions and Goodwill - The company acknowledges the complexities of integrating acquired businesses and plans to continue strategic investments and mergers to enhance its industry chain layout[5]. - The company reported a goodwill amount of ¥261,875,375.86 as of the end of the reporting period, indicating potential impairment risks if future economic conditions worsen or if acquired companies fail to meet performance commitments[8]. - The company emphasizes the importance of cultural integration and business synergy with acquired companies to mitigate goodwill impairment risks[8]. Financial Governance and Compliance - The company is focused on enhancing its governance structure and internal control systems to ensure compliance and protect shareholder interests[57]. - The company has committed to maintaining a stable governance structure to ensure compliance and accountability among its executives[145]. - The company guarantees that all funds contributed to the investment will be from its own resources without any trust or agency arrangements[148]. Shareholder Returns and Dividends - The profit distribution plan approved by the board proposes a cash dividend of ¥0.60 per 10 shares (including tax) and a capital reserve conversion of 3 shares for every 10 shares held[10]. - The company distributed a cash dividend of RMB 0.70 per share, totaling RMB 28,597,266.25, based on a total share capital of 408,532,375 shares[138]. - In 2017, the cash dividend amounted to RMB 26,667,869.28, representing 20.49% of the net profit attributable to shareholders[140]. Risks and Challenges - The company faces risks related to complex management and integration challenges from recent mergers and acquisitions, which may impact operational goals[125]. - The company has implemented measures to mitigate foreign exchange risks due to its increasing foreign trade sales and exposure to currency fluctuations[129]. - The company has experienced a decline in net profit due to increased operational costs and market competition, prompting a review of its strategic initiatives[23]. Subsidiaries and Joint Ventures - The company established several new subsidiaries and joint ventures, including Shenzhen Jinxin Technology Co., Ltd. and a 51% stake in Jiangsu Wanbang Microelectronics Co., Ltd.[54]. - The company’s subsidiary, Jinnuo (Tianjin) Commercial Factoring Co., Ltd., generated an operating revenue of CNY 95.17 million and a net profit of CNY 39.71 million in 2017[109]. - The company holds 100% equity in Ganzhou Jinxinno Cable Technology Co., Ltd., which reported total assets of CNY 77 million and net assets of CNY 17.26 million as of December 31, 2017[108].

深圳金信诺高新技术股份有限公司 2017 年第三季度报告全文 证券代码：300252 证券简称：金信诺 公告编号：2017－147 深圳金信诺高新技术股份有限公司 2017 年第三季度报告 2017 年 10 月 1 深圳金信诺高新技术股份有限公司 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。 公司负责人黄昌华、主管会计工作负责人吴瑾及会计机构负责人(会计主管 人员)罗端丽声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳金信诺高新技术股份有限公司 2017 年第三季度报告全文 第二节 公司基本情况 深圳金信诺高新技术股份有限公司 2017 年第三季度报告全文 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） | 5 ...