康跃科技股份有限公司 2017 年第三季度报告全文 康跃科技股份有限公司 康跃科技股份有限公司 2017 年第三季度报告全文 第二节 公司基本情况 2017 年第三季度报告 公告编号：2017-063 2017 年 10 月 1 康跃科技股份有限公司 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。 公司负责人郭晓伟、主管会计工作负责人宗军及会计机构负责人(会计主管 人员)郑树峰声明：保证季度报告中财务报表的真实、准确、完整。 2 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） | 1,799,536,936.13 | | 748,109,466.79 | 140.54% | | 归属于上市公司股东的净资产 | 922,563 ...

Financial Performance - Total revenue for the reporting period reached ¥287,334,368.99, representing a 153.88% increase compared to the same period last year [26]. - Net profit attributable to shareholders was ¥32,824,876.89, a significant increase of 1,343.90% year-over-year [26]. - The company's net cash flow from operating activities improved to ¥12,757,866.94, marking a 141.90% increase from the previous year [26]. - Total assets at the end of the reporting period amounted to ¥1,806,823,413.72, reflecting a 141.52% increase compared to the end of the previous year [26]. - The company reported a significant increase in sales revenue, with cash received from sales amounting to ¥93,944,458.98, compared to ¥44,118,418.56 in the previous period, marking an increase of approximately 113% [162]. - The company reported a total operating cash inflow of ¥98,976,191.28, compared to ¥48,726,458.82 in the previous period, indicating a growth of approximately 103% [162]. Assets and Liabilities - As of the end of the reporting period, accounts receivable amounted to 287.42 million RMB, accounting for 38.88% of current assets [7]. - The company's inventory stood at 161.93 million RMB, representing 21.90% of current assets, indicating a high level of inventory relative to current assets [9]. - Total liabilities increased to ¥901,484,788.50 from ¥385,228,913.80, an increase of 134.5% [145]. - The company's equity increased to ¥905,338,625.22 from ¥362,880,552.99, a rise of 149.9% [146]. - The total cash and cash equivalents decreased by 16,826,089.43 yuan during the period, compared to a decrease of 63,222,472.14 yuan in the previous period [160]. Acquisitions and Investments - The company plans to enter the smart equipment manufacturing and new energy sectors following a major asset restructuring, which poses integration risks [10]. - The transaction price for the acquisition of Yiheng Technology was 47.08% of the total equity transaction price, with 43% paid in cash, raising concerns about performance commitment risks [11]. - The acquisition of Yiheng Technology resulted in a 26.01% increase in fixed assets and a 96.36% increase in intangible assets [36]. - The company made a significant equity investment of 900,000,000 in Yiheng Technology, acquiring a 100% stake, focusing on solar technology development [56]. - The restructuring involved a combination of share issuance and cash payment to acquire Yiheng Technology from 34 counterparties [119]. Market and Product Development - The company’s products are primarily turbochargers for diesel engines, with a focus on improving engine power and reducing fuel consumption [33]. - The company has established a manufacturing presence in the U.S. for photovoltaic components, leveraging its technological advantages [35]. - Turbocharger business revenue was ¥144.47 million, reflecting a 30.30% increase year-on-year, attributed to enhanced market expansion efforts [45]. - Yiheng Technology generated revenue of ¥136.31 million during the reporting period, focusing on high-end customer markets and expanding overseas [46]. - The company invested ¥15.46 million in R&D, a 30.69% increase compared to the previous year, indicating a commitment to innovation [48]. Risks and Challenges - The company faces debt repayment risks due to reliance on bank credit for capital expenditures and working capital, leading to low liquidity ratios [6]. - The company acknowledges risks related to macroeconomic cycles and national industrial policies affecting demand for internal combustion engines [5]. - The company is exposed to risks from high inventory levels, which may impact liquidity and profitability due to increased working capital requirements [9]. - The company faces risks related to industry policies, debt repayment, and inventory management, and is implementing strategies to mitigate these risks [72]. Shareholder and Governance - The total number of shareholders at the end of the reporting period is 11,143 [127]. - The largest shareholder, Shouguang Kangyue Investment Co., Ltd., holds 52.98% of the shares, totaling 105,000,000 shares [127]. - The company has not undergone any changes in its controlling shareholder during the reporting period [130]. - The company emphasizes compliance with relevant laws and regulations in managing related party transactions [80]. Future Outlook - The company committed to achieving a net profit of no less than 50 million yuan, 67 million yuan, and 88 million yuan for the years 2016, 2017, and 2018 respectively [79]. - The company plans to enhance management of accounts receivable and inventory to improve cash flow and operational efficiency [73]. - The company plans to continue exploring further market expansion opportunities following the successful acquisition [115]. - The company has set a performance guidance of 1.8 billion RMB for the full year 2017, indicating a 22% increase from the previous year [83].

康跃科技股份有限公司 2017 年第一季度报告全文 康跃科技股份有限公司 2017 年第一季度报告 公告编号：2017-026 2017 年 04 月 1 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郭晓伟、主管会计工作负责人宗军及会计机构负责人(会计主管 人员)郑树峰声明：保证季度报告中财务报表的真实、准确、完整。 2 康跃科技股份有限公司 2017 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 康跃科技股份有限公司 2017 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。 | | 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） | 67,944,476.01 | 61,833,849.83 | 9.88% | | 归属于上市公司股东的净利润（元） | 2,126, ...

Financial Performance - The company's operating revenue for 2016 was ¥234,866,048.11, representing a 22.81% increase compared to ¥191,250,584.99 in 2015[24] - The net profit attributable to shareholders decreased by 16.05% to ¥4,221,139.78 from ¥5,027,997.87 in the previous year[24] - The net cash flow from operating activities was negative at -¥18,006,132.54, a decline of 143.93% compared to ¥40,984,292.97 in 2015[24] - The total assets at the end of 2016 increased by 7.70% to ¥748,109,466.79 from ¥694,641,061.95 at the end of 2015[24] - The basic earnings per share remained stable at ¥0.03, unchanged from the previous year[24] - The weighted average return on net assets decreased to 1.17% from 1.39% in 2015[24] - The company reported a significant increase in non-operating income, which rose by 2,354.01% to CNY 16.82 million, primarily due to increased VAT refunds[64] - The company reported a net profit of 5,185,193.62 RMB for the fiscal year 2016, with a cumulative distributable profit of 110,915,521.58 RMB by the end of the year[92] Cash Flow and Liquidity - The company's accounts receivable amounted to ¥10,865.72 million, accounting for 28.04% of current assets, indicating potential cash flow pressure[9] - The inventory at the end of the reporting period was ¥8,129.23 million, representing 20.98% of current assets, which may affect liquidity[10] - The net cash flow from operating activities for Q1 was approximately -5.45 million, Q2 was about -24.96 million, Q3 was around 17.29 million, and Q4 was approximately -4.67 million[27] - Operating cash inflow decreased by 25.12% to CNY 123.13 million, while cash outflow increased by 14.32% to CNY 141.14 million, resulting in a net cash flow from operating activities of -CNY 18.01 million, a decline of 143.93%[61] - The net increase in cash and cash equivalents was -CNY 37.99 million, a decline of 191.31%, attributed to reduced cash inflows from operating activities and increased cash outflows[61] Market and Sales Performance - The company maintained its position among the top domestic turbocharger manufacturers, with a focus on technological innovation and quality improvement[33] - The automotive industry in China saw a production and sales increase of 14.50% and 13.70%, respectively, during the reporting period[40] - The production of automotive engines reached approximately 25.16 million units, with a year-on-year increase of 15.15%[40] - The company sold 367,000 turbochargers during the reporting period, representing a year-on-year increase of 19.27%[53] - International sales grew by over 300% compared to the previous year, indicating strong market expansion efforts[42] Research and Development - The company has a professional R&D team of over 100 people, leading in patent applications within the industry[37] - In 2016, the company's R&D investment totaled CNY 25.43 million, accounting for 10.83% of operating revenue, with a focus on developing various types of turbocharger products[59] - The company undertook five R&D projects during the reporting period, focusing on meeting customer needs and preparing for future market demands[59] - The product development success rate reached 82% in 2016, with several new products ready for mass production[43] - The company’s R&D personnel increased to 132, representing 18.23% of the workforce, reflecting a commitment to innovation and technology development[59] Strategic Initiatives and Future Plans - The company aims to strengthen market development and customer management to mitigate risks associated with economic fluctuations and policy changes[6] - The company plans to enhance management of accounts receivable and inventory to improve cash flow efficiency[9][10] - The company plans to acquire 100% of Yiheng Technology through a combination of issuing shares and cash payments, pending approval from the China Securities Regulatory Commission[82] - The company aims to diversify its business by adding solar cell packaging equipment, high-speed rail equipment, and laser equipment to its product line following the acquisition[82] - The company is focused on developing new profit growth points and accelerating product and business transformation to strengthen its market position[82] Shareholder and Governance Matters - The company distributed a cash dividend of 0.2 RMB per 10 shares, totaling 333.35 million RMB for the 2015 fiscal year[89] - The cash dividend for the 2016 fiscal year is proposed at 0.1 RMB per 10 shares, amounting to 166.675 million RMB, pending shareholder approval[94] - The company has committed to a cash dividend policy, with 100% of the distributable profit allocated to cash dividends in the reporting period[90] - The company has not made any adjustments to its cash dividend policy during the reporting period[90] - The actual controller and shareholders have fulfilled their commitments during the reporting period, with no violations reported[95] Risks and Challenges - The company faces risks related to macroeconomic cycles and changes in national industrial policies that could affect demand for its products[83] - The company faces risks related to the integration of acquired businesses, particularly with Yiheng Technology, which may affect operational performance[85] - If the financing for the acquisition does not proceed as planned, the company may need to rely on its own funds, potentially impacting liquidity and future growth opportunities[85] - The goodwill resulting from the acquisition may face impairment risks if the acquired company's performance does not meet expectations[86] Employee and Management Structure - The total number of employees in the company is 724, with 403 in the parent company and 321 in major subsidiaries[169] - The company has a professional composition of 403 production personnel, 50 sales personnel, 132 technical personnel, 15 financial personnel, and 124 administrative personnel[169] - The educational background of employees includes 27 with master's degrees or above, 172 with bachelor's degrees, 181 with associate degrees, and 344 with high school or lower education[170] - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 559.14 million yuan[168] - The company has established 98 training plans in 2016, completing 96 of them, focusing on improving product quality and reducing production costs[172] Compliance and Internal Control - The company has not faced any regulatory criticism regarding information disclosure practices during the reporting period, maintaining transparency and accuracy[183] - The company has implemented a strict insider information management system, ensuring compliance and preventing insider trading incidents[183] - The company’s governance structure aligns with the regulatory requirements set by the China Securities Regulatory Commission, with no significant discrepancies noted[184] - There were no significant internal control deficiencies identified during the reporting period, with both financial and non-financial reports showing zero major or important deficiencies[197] - The internal control audit report confirmed that the company maintained effective internal controls related to financial statements as of December 31, 2016[198]

Financial Performance - Total revenue for the reporting period was CNY 58,704,476.30, representing a year-on-year increase of 51.54%[8] - Net profit attributable to shareholders increased by 140.44% to CNY 2,159,936.04 for the reporting period[8] - The net profit after deducting non-recurring gains and losses was CNY 1,918,506.77, up 133.93% year-on-year[8] - The basic earnings per share rose by 140.50% to CNY 0.0130[8] - The company's operating revenue for the reporting period reached RMB 171.88 million, an increase of 15.61% compared to the same period last year, primarily due to increased sales volume from domestic and international customers[25] - The net profit for the third quarter was CNY 1,774,500.52, compared to a net loss of CNY 5,662,502.92 in the same period last year[68] - The total operating revenue for the third quarter was CNY 58,773,674.34, an increase from CNY 38,590,294.30 in the previous period[67] - The net profit attributable to the parent company was CNY 4,433,288.43, up 46.1% from CNY 3,034,478.88 in the same period last year[73] - The basic and diluted earnings per share for the current period were both CNY 0.0266, compared to CNY 0.0182 in the previous period, reflecting a growth of 46.7%[73] Assets and Liabilities - Total assets increased by 2.95% to CNY 715,153,355.28 compared to the end of the previous year[8] - Current liabilities increased to CNY 264,750,754.82, a rise of 8.9% from CNY 242,979,938.36[57] - Total current assets amount to CNY 350,642,141.91, an increase from CNY 329,570,962.21 at the beginning of the period[55] - Fixed assets decreased slightly to CNY 253,927,029.00 from CNY 261,499,600.67, reflecting a reduction of 2.2%[56] - Non-current liabilities totaled CNY 86,508,216.31, a slight decrease from CNY 87,747,211.15, down 1.4%[57] Cash Flow - The company reported a net cash flow from operating activities of CNY -13,124,641.95, a decrease of 462.02% compared to the previous year[8] - The company reported a net cash outflow from operating activities of CNY -13,124,641.95, compared to a net inflow of CNY 3,625,425.66 in the previous period[79] - Operating cash inflow for the period was CNY 83,234,987.56, a decrease from CNY 98,962,618.86 in the previous period[82] - Net cash flow from operating activities was CNY -8,354,184.25, compared to CNY 22,860,931.21 in the previous period[83] - Cash inflow from investment activities totaled CNY 146,935,833.33, significantly higher than CNY 482,272.10 in the previous period[83] - Cash outflow from investment activities was CNY 147,080,484.33, compared to CNY 16,447,415.43 in the previous period[83] - Cash inflow from financing activities was CNY 126,000,000.00, down from CNY 273,727,818.57 in the previous period[84] - The ending balance of cash and cash equivalents was CNY 66,751,456.65, down from CNY 83,698,432.46 in the previous period[84] - The company reported a net decrease in cash and cash equivalents of CNY -24,288,443.36 for the period[84] Accounts Receivable and Inventory - Accounts receivable amounted to CNY 101,978,000, accounting for 29.08% of current assets[14] - Accounts receivable increased significantly to CNY 101,863,143.18, up 15.5% from CNY 88,547,475.81[59] - Inventory at the end of the reporting period was CNY 71,890,800, representing 20.50% of current assets[16] - Inventory decreased slightly to CNY 67,447,591.31 from CNY 70,023,673.80, a reduction of 3.6%[59] - The company has established a sales collection assessment mechanism to manage accounts receivable effectively[15] - The company plans to enhance internal management and customer order accuracy to optimize inventory levels and reduce risks associated with high inventory[33] Research and Development - Research and development expenses amounted to RMB 18.42 million, representing 10.72% of the operating revenue, with a focus on developing various types of booster products to meet customer needs[26] - The company aims to enhance its technological capabilities through innovation and R&D, which is expected to help break foreign technology barriers and meet future market demands[26] - The company’s management expenses increased by 34.62% to RMB 41.80 million, reflecting higher investments in R&D and management personnel development[25] Market Strategy and Risks - The company plans to enhance market development efforts and improve product reliability to mitigate risks associated with industry policies and economic cycles[11] - The company aims to increase market development efforts and invest in new markets to strengthen its competitive position[28] - The company is exposed to risks from macroeconomic cycles and changes in national industrial policies, which could impact demand for its products[29] - The annual business plan was executed without significant changes, focusing on market expansion and technological innovation[28] Shareholder Information - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period[21] - The total number of restricted shares at the end of the period was 105 million, with no new restricted shares added during the reporting period[22] - The company has committed to maintaining its stock ownership and adhering to lock-up agreements following its initial public offering[36]

Financial Performance - Total revenue for Q1 2016 was ¥61,833,849.83, representing a 5.76% increase compared to ¥58,465,584.36 in the same period last year[7]. - Net profit attributable to shareholders decreased by 52.68% to ¥1,323,439.75 from ¥2,797,044.43 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥-1,691,548.90, a decline of 349.65% compared to ¥677,580.79 in the previous year[7]. - Basic and diluted earnings per share both decreased by 52.98% to ¥0.0079 from ¥0.0168 year-on-year[7]. - The company achieved operating revenue of 61.83 million yuan, an increase of 5.76% compared to the same period last year[23]. - The net profit attributable to the parent company was 1.32 million yuan, a decrease of 52.68% year-on-year, primarily due to a decline in product sales prices in a sluggish commercial vehicle and engineering machinery market[23]. - The company's operating revenue for Q1 2016 was CNY 61,782,765.94, an increase from CNY 58,401,430.51 in the previous period[59]. - The net profit for Q1 2016 was CNY 3,444,419.02, down from CNY 4,490,872.33 in the previous period, indicating a decrease of about 23.3%[61]. - The total profit for Q1 2016 was CNY 3,391,385.11, a decrease from CNY 4,924,802.57 in the previous period[60]. - The company’s total comprehensive income for Q1 2016 was CNY 3,444,419.02, down from CNY 4,490,872.33 in the previous period[61]. Cash Flow and Assets - The net cash flow from operating activities improved by 75.58%, reaching ¥-5,447,256.35, compared to ¥-22,308,800.86 in the same period last year[7]. - The company's cash and cash equivalents decreased from CNY 116.23 million at the beginning of the period to CNY 95.55 million at the end of the period[47]. - Cash inflow from operating activities was CNY 20,667,829.36, down from CNY 23,216,360.96 in the previous period[63]. - The company reported a net cash flow from operating activities of -3,750,321.43 CNY, an improvement from -14,265,938.16 CNY in the previous period[67]. - The cash and cash equivalents at the end of the period were 64,962,743.89 CNY, down from 99,666,388.75 CNY previously[65]. - Accounts receivable amounted to ¥112,793,300, accounting for 33.40% of current assets, which may pressure the company's cash flow[11]. - Inventory at the end of the reporting period was ¥68,856,300, representing 20.39% of current assets, indicating a high level of inventory relative to current assets[12]. - Accounts receivable increased from CNY 88.63 million to CNY 112.79 million during the reporting period[47]. - Inventory decreased from CNY 75.74 million to CNY 68.86 million[47]. Management and Operational Strategy - The company is focusing on improving management of accounts receivable and inventory to enhance cash flow and operational efficiency[11][12]. - The company plans to enhance product quality management and optimize products to strengthen market competitiveness[25]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[42]. - There are no significant changes in the feasibility of investment projects or violations of external guarantees[41]. Market and Future Outlook - The company faced risks related to industry policies, with a notable decline in market demand for commercial vehicles and engineering machinery due to economic slowdown[9]. - For future outlook, the company expects 2016 full-year revenue to reach 600 million yuan, with a growth rate of 25%[35]. - The company plans to launch three new products in the next quarter, expected to account for 30% of total revenue[36]. - Market expansion strategies include entering the Southeast Asian market, expecting to increase market share by 15% in the next two years[33]. - The company plans to acquire a small technology company to enhance its R&D capabilities, with a transaction amount of 50 million yuan[34]. Investment and Funding - The total amount of raised funds is CNY 138.49 million, with CNY 2.90 million invested in the current quarter[38]. - Cumulative investment of raised funds reached CNY 90.68 million, representing 63.00% of the planned investment for the turbocharger expansion project[38]. - The technology center expansion project has a cumulative investment of CNY 25.50 million, achieving 70.00% of the planned investment[38]. - The company has returned CNY 40 million of temporarily used idle funds to the special account for raised funds[39]. - The cash dividend policy remains unchanged, with a proposed distribution of CNY 0.20 per 10 shares based on a total share capital of 166,675,000 shares[40].

Financial Performance - The company's operating revenue for 2015 was ¥191,250,584.99, a decrease of 21.43% compared to ¥243,428,659.11 in 2014[22]. - The net profit attributable to shareholders for 2015 was ¥5,027,997.87, down 82.49% from ¥28,718,706.93 in 2014[22]. - The net profit after deducting non-recurring gains and losses was -¥2,517,997.29, a decline of 111.93% compared to ¥21,105,129.04 in 2014[22]. - The company achieved a gross margin of 33.15% for turbocharger products, down 4.47% from the previous year[44]. - Domestic sales accounted for 97.75% of total revenue, totaling CNY 186.94 million, which represents a 22.42% decrease from 2014[42]. - The company reported a significant decrease in financial expenses by 28.56% to ¥12,637,546.36, attributed to lower financing costs[50]. - The company reported a net profit of CNY 3,954,224.62, significantly lower than CNY 28,718,706.93 from the previous year, indicating a decline of 86.2%[194]. - The total profit for the current period was CNY 12,943,097.82, compared to CNY 33,913,841.56 in the previous period, representing a decrease of approximately 61.9%[196]. Cash Flow and Assets - The net cash flow from operating activities improved to ¥40,984,292.97, a significant increase of 205.41% from -¥38,880,883.48 in 2014[22]. - The total assets at the end of 2015 were ¥694,641,061.95, an increase of 1.88% from ¥681,847,082.99 at the end of 2014[22]. - Cash and cash equivalents increased by 39.48% to ¥41,603,831.20, primarily driven by improved cash inflows from operating activities[55]. - The company's cash and cash equivalents increased to CNY 116,230,687.68 from CNY 90,517,090.95, reflecting a growth of approximately 28.5%[185]. - Accounts receivable decreased to CNY 88,634,119.46 from CNY 143,498,758.07, representing a decline of about 38.3%[185]. - Inventory rose to CNY 75,737,170.79 from CNY 54,393,512.82, indicating an increase of approximately 39.3%[186]. Dividends and Shareholder Information - The company plans to distribute a cash dividend of 0.2 RMB per 10 shares (including tax) based on a total share capital of 166,675,000 shares as of December 31, 2015[10]. - The company will implement a cash dividend policy, distributing RMB 0.2 per 10 shares, totaling RMB 333.35 million in cash dividends for the reporting period[82]. - In 2015, the cash dividend amounted to RMB 3,333,500, representing 66.30% of the net profit attributable to shareholders[84]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its initial public offering[86]. - The largest shareholder, Shouguang Kangyue Investment Co., Ltd., holds 63.00% of the shares, amounting to 105,000,000 shares, which are currently pledged[128]. Research and Development - The company continues to focus on the research and development of turbocharger products for internal combustion engines, adapting to market trends and technological advancements[30]. - The company has a specialized R&D team of over 100 members focused on core turbocharger technology[36]. - The company reported R&D expenses reached ¥21,541,010.57 in 2015, representing 11.26% of total revenue, a significant increase from 6.64% in 2014[52]. - The company conducted four R&D projects in 2015, with progress between 60-80%, focusing on different types of turbocharger products[51]. - New product development initiatives are underway, with an investment of 200 million yuan allocated for R&D in the upcoming year[140]. Market and Sales - In 2015, the company sold 307,700 turbochargers, a decrease of 11.17% compared to 346,400 units in 2014[45]. - The company is positioned to benefit from the increasing demand for turbochargers as part of the national energy-saving and emission-reduction policies[75]. - The company plans to strengthen its international market expansion efforts, capitalizing on global procurement trends in the automotive parts sector[76]. - The company aims to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[140]. Operational Efficiency - The company will focus on cost control and budget management to enhance operational efficiency and profitability[76]. - The total sales expenses increased by 11.89% to ¥18,618,972.88 in 2015, while management expenses surged by 40.93% to ¥45,250,350.01 due to the expansion of subsidiaries[50]. - The company has implemented a new performance-based compensation structure for senior management, aligning incentives with company performance[144]. Governance and Compliance - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations, and enhancing internal control systems[153]. - The independent directors attended 6 board meetings, with 2 via telecommunication and 4 in person, and did not raise any objections during the reporting period[166][167]. - The audit opinion issued was a standard unqualified opinion, confirming the fair presentation of the financial statements[178]. - The company has not faced any regulatory criticism regarding information disclosure practices during the reporting period[161]. Social Responsibility - The company actively engages in social responsibility initiatives, including providing internship opportunities and supporting disaster relief efforts[119].

康跃科技股份有限公司 2015 年第三季度报告全文 康跃科技股份有限公司 2015 年第三季度报告 公告编号：2015-049 2015 年 10 月 1 康跃科技股份有限公司 2015 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资料不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人郭锡禄、主管会计工作负责人宗军及会计机构负责人(会计主管人员)王德兴声明：保证季 度报告中财务报告的真实、完整。 2 康跃科技股份有限公司 2015 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 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增 | | --- | --- | --- | --- | --- | | | | | | 减 | | 总资产（元） | 749,688,737.79 | | 681,847,082.99 | 9.95% ...

Financial Performance - Total revenue for the reporting period was ¥109,929,179.95, a decrease of 9.87% compared to ¥121,966,072.53 in the same period last year[13] - Net profit attributable to ordinary shareholders was ¥8,375,634.57, down 46.54% from ¥15,668,266.31 year-on-year[13] - Basic earnings per share decreased by 83.95% to ¥0.0503 from ¥0.3134 in the same period last year[13] - The company's operating revenue for the reporting period was CNY 109.93 million, a decrease of 9.87% compared to the same period last year[24] - The net profit attributable to the parent company was CNY 8.38 million, down 46.54% year-on-year[22] - Operating profit fell significantly to CNY 1,585,867.77, down 85.7% from CNY 11,118,694.76 in the previous year[111] - Net profit for the period was CNY 8,164,368.57, a decline of 47.9% compared to CNY 15,668,266.31 in the first half of 2014[112] - Total profit for the period was CNY 7,876,651.05, down 53.6% from CNY 16,961,078.19 in the same period last year[111] Cash Flow - Net cash flow from operating activities was -¥9,335,515.14, a decline of 405.36% compared to ¥3,057,215.13 in the previous year[13] - Cash inflows from operating activities totaled CNY 61,237,001.64, down from CNY 83,117,747.56 in the previous year[117] - The net cash flow from operating activities was -9,335,515.14 CNY, a decrease from 3,057,215.13 CNY in the previous period, indicating a significant decline in operational performance[118] - The total cash inflow from operating activities was 61,196,790.28 CNY, down from 83,013,337.13 CNY, reflecting a decline in revenue generation[121] - The company reported a net increase in cash and cash equivalents of 29,112,062.57 CNY, contrasting with a decrease of -17,866,599.25 CNY in the previous period[119] - Cash and cash equivalents at the end of the period totaled 92,125,839.71 CNY, up from 15,319,035.68 CNY in the previous period, indicating a strong liquidity position[119] Assets and Liabilities - Total assets increased by 12.47% to ¥766,871,961.06 from ¥681,847,082.99 at the end of the previous year[13] - Total liabilities increased to CNY 398.75 million from CNY 317.14 million, a rise of 25.7%[103] - Current assets increased to CNY 433.28 million from CNY 366.40 million, representing an 18.2% growth[102] - Accounts receivable amounted to ¥100,908,400, accounting for 23.29% of current assets, indicating potential cash flow pressure[19] - Inventory stood at ¥62,522,500, representing 14.43% of current assets, which may affect liquidity and profitability[19] Investment and R&D - Research and development expenses amounted to CNY 8.43 million, representing 7.67% of the operating revenue[33] - The company launched four R&D projects during the reporting period, with progress between 40-60%[33] - The company plans to enhance market development efforts and strengthen management to lay a foundation for future growth[22] Dividends and Share Capital - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5] - The company distributed cash dividends of 8.67 million RMB (including tax) based on a total share capital of 66.67 million shares, with a distribution of 1.30 RMB per 10 shares[51] - The total number of shares increased from 66.67 million to 166.68 million due to a capital reserve increase plan, with a ratio of 10 shares increasing by 15 shares[83] Risks and Challenges - The company faces risks related to industry policy, debt repayment, accounts receivable, and high inventory levels, which could impact future operations[19] - The sales volume and prices of products decreased due to intensified market competition, contributing to the decline in revenue[25] - The automotive market in China experienced a negative growth for the first time in June 2015, indicating a challenging environment[34] Corporate Governance - The financial report was approved by the board on August 17, 2015, ensuring compliance with the accounting standards[144] - The company has maintained its ability to continue as a going concern for at least 12 months from the reporting date[147] - The company appointed new financial director and deputy general managers in April and May 2015[96] Shareholder Information - The total number of shareholders at the end of the reporting period is 9,588[89] - Shouguang Kangyue Investment Co., Ltd. holds 63.00% of the shares, totaling 105,000,000 shares, with 37,500,000 shares pledged[89] - The total number of restricted shares at the end of the period is 125,000,000, with 75,000,000 shares added during the period[87] Financial Reporting and Compliance - The half-year financial report for 2015 has not been audited[78] - The financial statements reflect the company's financial position and performance for the first half of 2015, adhering to the relevant accounting principles[150]

Financial Performance - Total revenue for Q1 2015 was ¥58,465,584.36, a slight increase of 0.26% compared to ¥58,312,246.52 in the same period last year[7] - Net profit attributable to ordinary shareholders decreased by 47.81% to ¥2,797,044.43 from ¥5,359,676.44 year-on-year[7] - Basic earnings per share dropped by 60.82% to ¥0.0420 from ¥0.1072 in the same period last year[7] - Total profit for the period was 2.59 million RMB, a decrease of 44.48% compared to the same period last year[18] - Net profit for the period was 2.80 million RMB, down 47.81% year-on-year[18] - The weighted average return on net assets fell to 0.76% from 5.28% year-on-year, reflecting declining profitability[7] - Total operating revenue for Q1 2015 was CNY 58,465,584.36, a slight increase of 0.26% compared to CNY 58,312,246.52 in the previous period[61] - Net profit for Q1 2015 was CNY 2,797,044.43, a decrease of 47.9% compared to CNY 5,359,676.44 in the same period last year[62] - The company reported a total comprehensive income of CNY 2,797,044.43, down from CNY 5,359,676.44 in the previous period[63] Cash Flow and Assets - Operating cash flow for the quarter was negative at -¥22,308,800.86, an improvement of 9.48% from -¥24,644,618.77 in the previous year[7] - The net cash flow from operating activities was -22,308,800.86, an improvement from -24,644,618.77 in the previous period[70] - Total cash inflow from operating activities was 23,216,360.96, down from 31,146,660.37 in the previous period[70] - Cash outflow from operating activities totaled 45,525,161.82, compared to 55,791,279.14 in the previous period[70] - The ending cash and cash equivalents balance was 99,666,388.75, significantly up from 19,971,502.14 in the previous period[71] - Cash inflow from financing activities was 163,800,000.00, up from 119,322,924.54 in the previous period[71] - The company’s cash and cash equivalents increased by 36,652,611.61 compared to a decrease of 13,214,132.79 in the previous period[71] - Total assets increased by 7.39% to ¥732,217,050.33 from ¥681,847,082.99 at the end of the previous year[7] - Current assets rose to CNY 407,458,753.08, compared to CNY 366,400,756.57 at the start of the quarter, reflecting a growth of about 11.1%[53] - Cash and cash equivalents increased to CNY 103,050,643.58 from CNY 90,517,090.95, marking a rise of approximately 13.5%[53] Liabilities and Equity - Total liabilities decreased to CNY 364,713,218.08 from CNY 317,140,295.17, a reduction of about 15%[55] - The company's equity attributable to shareholders rose to CNY 367,503,832.25, compared to CNY 364,706,787.82 at the beginning of the quarter, reflecting a modest increase of about 0.8%[56] - Short-term borrowings decreased to CNY 165,500,000.00 from CNY 206,009,315.71, a decline of approximately 19.6%[54] - The company reported a decrease in accounts payable to CNY 75,475,054.19 from CNY 54,953,303.68, indicating a rise of about 37.3%[54] Market and Strategic Initiatives - The company plans to enhance market competitiveness by expanding customer outreach and investing in new markets[19] - The company faces risks from weak downstream demand and intensified market competition, particularly in the commercial vehicle and engineering machinery sectors[19] - 康跃科技在2015年第一季度的业绩总结中，报告了总收入为5000万元，同比增长15%[28] - 用户数据方面，活跃用户数达到了200万，同比增长20%[29] - 对于未来展望，康跃科技预计2015年全年收入将达到2亿元，增长率为25%[30] - 新产品研发方面，康跃科技计划在2015年推出三款新产品，预计将占总收入的30%[28] - 市场扩张策略包括进入东南亚市场，预计在未来两年内将增加10%的市场份额[29] - 并购方面，公司正在考虑收购一家小型科技公司，以增强其技术能力和市场竞争力[33] Risks and Challenges - The company faces risks related to industry policy changes, debt repayment, and high accounts receivable[10] - The company has not experienced significant changes in its annual operational plan during the reporting period[19] - The company has implemented a sales collection assessment mechanism to manage accounts receivable effectively[20] - Inventory at the end of the reporting period was ¥56,171,700, representing 13.8% of current assets, which may affect liquidity[11] - The company is enhancing production cost control and optimizing product structure to ensure reasonable inventory levels[21]