证券代码：300428 证券简称：四通新材 公告编号：2019-083 号 河北四通新型金属材料股份有限公司 关于接待投资者调研活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 河北四通新型金属材料股份有限公司（以下简称"公司"）于 2019 年 7 月 18 日在公司会议室接待了机构调研，现将情况公告如下: 一、调研情况 1、调研时间：2019 年 7 月 18 日 2、调研形式：公司现场接待 3、调研机构： 安信证券股份有限公司 齐丁 王政 广发信德投资管理有限公司 张哲 深圳温莎资本管理有限公司 余武信 4、公司接待人员： 董事会秘书 财务总监李志国、赵卫涛博士、张苹博士、乔敏博士、证券 事务代表冯禹淇 二、交流的主要问题及公司回复概要 1、公司作为家族为实控人的企业，治理机制是怎样安排的？ 答：目前公司的总股本为 5.78 亿股，臧氏家族持股比例降为 77%，自上市 以来，公司控股股东及实际控制人未发生变更。公司按照《公司法》、《上市公 司章程指引》、《企业内部控制基本规范》等法律法规和规范性文件的要求，建 立了比较完善规范的法人治理结构和一 ...

Financial Performance - Total revenue for Q1 2019 was CNY 1,581,449,028.34, a decrease of 2.81% compared to the same period last year[8] - Net profit attributable to shareholders was CNY 100,347,926.51, an increase of 22.02% year-on-year[8] - Net profit excluding non-recurring gains and losses reached CNY 86,636,841.62, a significant increase of 1,007.82% compared to the previous year[8] - Basic earnings per share for the period was CNY 0.19, up 18.75% from CNY 0.10 in the same period last year[8] - Total operating revenue for the current period was ¥1,581,449,028.34, a decrease of 2.8% compared to ¥1,627,210,709.47 in the previous period[73] - Net profit for the current period was ¥101,032,754.78, an increase of 18.7% from ¥85,096,167.01 in the previous period[76] - The total comprehensive income for the current period was ¥103,511,266.79, compared to ¥84,377,264.05 in the previous period, reflecting a growth of 22.7%[78] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY 64,914,240.81, a 139.11% increase from the previous year[8] - The company's cash and cash equivalents increased by 38.48% to CNY 1,331,151,858.76 compared to the same period last year, primarily due to the increase in raised funds[22] - Cash flow from operating activities generated a net inflow of ¥64,914,240.81, a significant recovery from a net outflow of ¥165,971,385.40 in the previous period[90] - The net increase in cash and cash equivalents was ¥481,496,074.81, significantly higher than ¥13,228,730.46 in the previous period[99] - The ending balance of cash and cash equivalents stood at ¥546,837,906.29, up from ¥68,702,649.35 in the prior period[99] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,907,883,418.87, reflecting a 4.85% increase from the end of the previous year[8] - Total current assets increased to CNY 4,342,009,272.69 from CNY 4,057,908,348.35, representing a growth of approximately 7%[53] - Total non-current assets reached CNY 2,565,874,146.18, compared to CNY 2,530,263,951.53, marking an increase of about 1.4%[56] - Total liabilities decreased to ¥247,590,980.11 from ¥292,871,176.07, a reduction of 15.4%[72] - Total equity attributable to shareholders increased to CNY 3,500,175,776.08 from CNY 2,903,809,979.83, reflecting a growth of about 20.5%[62] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,499[12] - The largest shareholder, Tianjin Dong'an Brothers Co., Ltd., held 43.04% of the shares[12] - The company completed a non-public issuance of 238,764,042 shares, increasing total shares to 529,644,042[42] - The registered capital increased from RMB 290,880,000 to RMB 529,644,042 following the asset acquisition[43] Strategic Initiatives - The company plans to enhance its product and market structure in the aluminum alloy wheel sector, aiming for steady growth in passenger wheels and rapid development in commercial wheels[28] - The company aims to capture the high-end market for functional intermediate alloy new materials within the next 2-3 years, leveraging advanced production technology acquired through acquisitions[27] - The company is focused on diversifying its business cooperation models and leveraging its platform advantages for strategic growth[30] Risks and Challenges - The company faces integration risks post-acquisition, which may affect control and competitive advantages[34] - The company is exposed to raw material price fluctuation risks, particularly with electrolytic aluminum, impacting cash flow and profit margins[35] - There are ongoing risks related to related-party transactions that could affect operational stability[36] - The company is at risk of failing to meet increasing technological demands in the intermediate alloy materials sector[37] - Currency exchange rate fluctuations pose a risk to the company's foreign currency receivables[38] Operational Efficiency - The company's capital reserve increased by 43.75% to CNY 1,451,854,288.35, attributed to the increase in raised funds[22] - The company reported a decrease in employee compensation payable to CNY 61,393,761.02 from CNY 75,888,129.92, a decline of approximately 19%[59] - Research and development expenses were ¥62,246,532.64, slightly down from ¥63,289,207.46, indicating a focus on cost management[73] - The company reported a significant increase in investment income to ¥3,342,329.43 from ¥8,565,673.85, highlighting improved investment performance[76]

Corporate Governance and Compliance - The company has committed to avoiding any business competition with its controlling family and ensuring independent operations[140]. - The family controlling the company has pledged to respect the company's independent legal status and ensure compliance with relevant laws and regulations[140]. - The company has not reported any violations of commitments made by its controlling shareholders as of the end of the reporting period[140]. - The actual controller of Hebei Sitong New Materials Co., Ltd. is the Zang family, which ensures that the management personnel are independent and do not hold positions in other companies controlled by the family[152]. - The company guarantees the independence of its financial department and maintains a separate financial accounting system, ensuring compliance with legal and regulatory requirements[157]. - The family commits to not seeking any benefits beyond the agreements signed with Sitong New Materials, ensuring no economic losses occur due to violations of this commitment[152]. - Sitong New Materials has established a complete independent labor, personnel, and compensation management system, separate from other companies controlled by the family[156]. - The company has a commitment to maintain independent operations, ensuring that its assets, personnel, qualifications, and capabilities are independently managed[161]. - The family guarantees that all transactions with Sitong New Materials will be conducted in a public, fair, and just manner, minimizing related party transactions[161]. - The company has a long-term commitment to ensure that there are no violations of the independence commitments as of the end of the reporting period[165]. - The family will bear all legal responsibilities and compensate for any penalties incurred due to delays in property rights certification related to subsidiaries[164]. - The company has established a governance structure that allows the board of directors and general manager to exercise their powers independently according to laws and regulations[161]. - The family ensures that all information provided during transactions is true, accurate, and complete, taking legal responsibility for any misrepresentation[170]. Financial Performance - The company’s total revenue for 2018 was approximately ¥6.75 billion, representing a 7.85% increase compared to the previous year[32]. - Net profit attributable to shareholders for 2018 was approximately ¥390.18 million, a decrease of 3.65% from the previous year[32]. - The operating cash flow for 2018 was approximately ¥633.58 million, showing a significant increase of 132.57% year-over-year[32]. - The basic earnings per share for 2018 was ¥0.75, which is a decrease of 3.85% compared to the previous year[32]. - The total assets at the end of 2018 were approximately ¥6.59 billion, reflecting a 2.71% increase from the previous year[35]. - The net assets attributable to shareholders at the end of 2018 were approximately ¥2.90 billion, an increase of 17.43% compared to the previous year[35]. - The company reported a quarterly revenue of approximately ¥1.63 billion in Q1 2018, with a net profit of approximately ¥82.24 million[36]. - The company achieved a total revenue of ¥6,754,637,522.85 in 2018, representing a year-on-year growth of 7.85% compared to ¥6,262,823,276.54 in 2017[71]. - The net profit attributable to shareholders decreased by 3.65% to ¥390,180,292.53 from the previous year[71]. - The revenue from the foreign market reached ¥3,435,142,055.77, marking a significant increase of 20.87% compared to ¥2,842,020,714.20 in the previous year[77]. - The revenue from the bright wheels segment was ¥3,021,674,432.81, which accounted for 44.73% of total revenue, showing a growth of 3.68% year-on-year[75]. - The company reported a gross margin of 18.90% for the industrial sector, with a slight decrease of 0.06% compared to the previous year[78]. - The production volume of intermediate alloys increased by 14.58% to ¥921,870,634.7, while the sales volume reached ¥5,495,819,241.48, reflecting a growth of 7.90%[82]. Research and Development - The company emphasizes its strong R&D capabilities but acknowledges potential risks in developing new products and technologies due to rapid technological advancements[13]. - The company is focusing on research and development of new alloy materials to meet market demands[24]. - The company holds 7 invention patents, 23 utility model patents, and 33 non-patent technologies, ensuring a leading position in technology research and development[54]. - The company has successfully developed aerospace aluminum rare earth grain refinement intermediate alloys and can produce them in bulk[54]. - Research and development expenses amounted to 284,446,989.48 CNY, which is 4.21% of total revenue, up from 3.84% in 2017[96]. - The company obtained 96 new patents and established several national and industry standards during the year[95]. Market Strategy and Expansion - The company plans to expand its market presence and invest in new product development to enhance competitiveness[24]. - The company aims to explore new profit growth points through industry mergers and acquisitions, leveraging capital market opportunities[6]. - The company aims to improve operational efficiency through strategic mergers and acquisitions in the coming years[24]. - The company has established strong partnerships with major automotive manufacturers, enhancing its competitive edge in the international market[48]. - The company has established a strategic market layout with approximately 55% of total sales from the domestic market and 45% from international markets[61]. - The company has a well-defined cost management control system, utilizing an ERP information management system to enhance transparency in procurement, sales, and inventory management[66]. - The company has formed a cross-departmental project team to optimize product design and manufacturing processes, effectively controlling production and quality costs[66]. - The company has become one of the largest intermediate alloy producers in China, focusing on expanding its market share while maintaining its existing customer base[71]. - Lizhong Co., Ltd. will explore diversified business cooperation models to strengthen its strategic goals through industry integration[132]. Asset Management and Investments - The company completed a significant restructuring by acquiring 100% of Tianjin Qiguan's shares, enhancing its business scale and profitability in the aluminum alloy wheel manufacturing sector[46]. - A major asset restructuring was initiated in July 2018, resulting in the acquisition of 100% equity of Tianjin Qiguan and 4.52% equity of Lichong Co., with a fundraising target of up to ¥88,000,000[73]. - The company acquired a 100% stake in Tianjin Licheng Enterprise Management Co., Ltd. for 2,434,739,998.80 yuan, focusing on investment management[111]. - The company also acquired a 4.52% stake in Tianjin Licheng Group Co., Ltd. for 115,259,969.76 yuan, which specializes in the research, production, and sales of aluminum alloy wheels[111]. - The total investment amount for the reporting period was 2,595,272,963.84 yuan, a significant increase of 2,478.99% compared to the previous year[111]. Dividend Policy - The company plans to distribute cash dividends of 1.10 yuan per 10 shares (including tax) based on a total of 529,644,042 shares[14]. - The cash dividend amount for 2018 was RMB 63,620,617.83, accounting for 16.31% of the net profit attributable to shareholders[139]. - In 2017, the cash dividend amount was RMB 85,392,000.00, representing 21.09% of the net profit attributable to shareholders[139]. - The company has consistently maintained a cash dividend policy over the past three years, with varying amounts distributed each year[139]. - The cash dividend for the current year is based on a profit distribution plan that aligns with the company's articles of association[136]. Risk Management - The company reported that the price fluctuations of electrolytic aluminum, a key raw material, could impact working capital; however, the pricing strategy allows for some risk mitigation[9]. - The company faces risks related to the integration of newly acquired subsidiaries, which may affect control and competitive advantages[6]. - The company is exposed to foreign exchange risks due to significant fluctuations in the RMB to USD exchange rate, impacting foreign currency receivables[14]. - The company has implemented measures to reduce related party transactions, although changes in major related parties' operations could impact its business[10]. - The company aims to stabilize raw material supply channels and improve product quality to enhance market competitiveness[131].

河北四通新型金属材料股份有限公司 2018 年第三季度报告全文 河北四通新型金属材料股份有限公司 2018 年第三季度报告 2018-072 号 2018 年 10 月 1 所有董事均已出席了审议本次季报的董事会会议。 公司负责人臧立国、主管会计工作负责人李志国及会计机构负责人(会计主 管人员)周二刚声明：保证季度报告中财务报表的真实、准确、完整。 2 河北四通新型金属材料股份有限公司 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 河北四通新型金属材料股份有限公司 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。 | | 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） | 976,653,912.27 | | 895,179,745.72 | 9.10% | | 归属于上市 ...

Financial Performance - The company achieved total operating revenue of ¥572,682,727.16, representing a year-on-year increase of 6.09%[24]. - Net profit attributable to shareholders was ¥37,572,202.08, up 4.00% compared to the same period last year[24]. - The net profit after deducting non-recurring gains and losses decreased by 47.15% to ¥18,437,441.04[24]. - The company reported a net cash flow from operating activities of -¥10,666,874.15, a decline of 194.17% year-on-year[24]. - Total assets increased by 4.42% to ¥934,729,105.65 compared to the end of the previous year[24]. - The net assets attributable to shareholders decreased by 5.89% to ¥668,761,388.84[24]. - The operating profit for the same period was ¥42,400,263.45, reflecting a growth of 1.94% compared to the previous year[46]. - The operating cost increased by 8.05% to ¥516,710,854.49 from ¥478,219,403.08, resulting in a gross margin of 9.77%, which is a decrease of 1.63% year-on-year[57]. - Research and development expenses rose by 11.54% to ¥18,665,452.95, up from ¥16,733,885.51, indicating a commitment to innovation[55]. - The company reported a total profit of CNY 44,167,097.91, which is an increase from CNY 41,753,876.54, reflecting a growth of 9.7%[151]. Market and Product Development - The company is a leading national high-tech enterprise specializing in the research, production, and sales of intermediate alloy materials, primarily serving industries such as automotive, aerospace, and military[8]. - The company is focused on developing new products and technologies to maintain competitiveness in the market[9]. - The company plans to expand its market presence in high-speed rail, military, and aerospace sectors while increasing production capacity and product variety[34]. - The company is actively developing copper-based, magnesium-based, zinc-based, and iron-based markets to enhance revenue growth[34]. - The company has over 100 types of intermediate alloy products, with a focus on developing new products, particularly in the area of chemically active element alloys[36]. - The company specializes in the research, development, manufacturing, and sales of functional intermediate alloy new materials, being one of the largest producers of intermediate alloys in China[4]. - The main revenue source comes from the production and sales of aluminum-based intermediate alloys, with over 100 types of aluminum-based alloy products available[4]. - The products are customized according to customer specifications and quality standards, primarily used in automotive, high-speed rail, aerospace, military, power electronics, construction materials, and food and pharmaceutical packaging[4]. Risks and Challenges - The company reported a significant reliance on electrolytic aluminum as a key raw material, with price fluctuations impacting liquidity and profit margins[6]. - The company has faced risks related to related-party transactions, which could impact production and operations if major partners experience significant changes[8]. - The company is exposed to foreign exchange risks due to significant fluctuations in the RMB to USD exchange rate, affecting foreign currency receivables[11]. - The company anticipates potential risks related to raw material price fluctuations, particularly concerning electrolytic aluminum[74]. Research and Development - The company emphasizes the importance of R&D in a technology-intensive industry, with ongoing pressure to meet higher technical requirements from clients[9]. - The company has a strong R&D team and has established partnerships with research institutions, ensuring its technological leadership[38]. - The company aims to increase R&D investment to enhance its technological capabilities and establish a world-class R&D center[48]. - The company has a total of 7 invention patents and 23 utility model patents, with ongoing efforts to strengthen intellectual property management[39]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[12]. - The company distributed cash dividends of ¥79,992,000 and increased its total share capital to 290,880,000 shares through a capital reserve transfer[112]. - A total of 180,000,000 shares were released from restrictions, representing 74.26% of the total share capital[113]. - The cash dividend distributed to shareholders amounted to RMB 79,992,000, with a distribution of RMB 3.30 per 10 shares[117]. - Basic earnings per share (EPS) for the first half of 2018 was RMB 0.13, unchanged from the previous year, while diluted EPS also remained at RMB 0.13[119]. - The net asset value per share attributable to ordinary shareholders was RMB 2.30 for the first half of 2018, compared to RMB 2.93 in 2017[119]. - The total number of common shareholders at the end of the reporting period is 17,279[123]. - The largest shareholder, Zang Yongxing, holds 11.88% of shares, totaling 34,560,000 shares[123]. - The total number of shares held by the top five shareholders is 142,920,000, representing a significant concentration of ownership[123]. Compliance and Governance - The company has assessed its ability to continue as a going concern for the next 12 months and found no issues affecting this capability[179]. - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the company's financial position, operating results, changes in owners' equity, and cash flows accurately[180]. - The company has not undergone any bankruptcy reorganization during the reporting period[90]. - There are no major litigation or arbitration matters reported during the period[91]. - The company has not faced any media scrutiny during the reporting period[92]. - The company has committed that if the closing price falls below the net asset value per share for 20 consecutive trading days, it will formulate a buyback plan within 10 trading days[87].

Financial Performance - Total revenue for Q1 2018 was CNY 272,078,074.39, a slight increase of 0.34% compared to CNY 271,159,454.49 in the same period last year[8] - Net profit attributable to shareholders was CNY 23,262,181.80, representing a significant increase of 28.11% from CNY 18,158,240.06 year-on-year[8] - Basic earnings per share increased by 42.86% to CNY 0.10 from CNY 0.07 year-on-year[8] - The company's operating revenue for Q1 2018 was CNY 272.08 million, a year-on-year increase of 0.34% driven by increased sales volume[22] - Net profit attributable to shareholders for Q1 2018 reached CNY 23.26 million, representing a year-on-year growth of 28.11%[22] - Net profit for Q1 2018 reached CNY 23,170,476.72, up from CNY 18,244,665.03 in the same period last year, indicating a growth of 27.4%[46] - The total comprehensive income for the period was CNY 22,594,754.04, compared to CNY 18,069,031.31 in the prior year[51] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -70,135,344.20, a decline of 449.66% compared to CNY -12,759,693.51 in the same period last year[8] - The company reported a significant increase in cash flow from operating activities, improving by 449.66% compared to the previous year[21] - Cash flow from operating activities showed a net outflow of CNY -70,135,344.20, worsening from CNY -12,759,693.51 in the same quarter last year[54] - The company's total cash and cash equivalents at the end of the period were CNY 90,240,057.85, a decrease from CNY 92,577,754.09 at the end of Q1 2017[55] - Cash inflow from financing activities was $105,330,000.00, up from $90,000,000.00 in the last period[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 959,079,034.83, up 7.14% from CNY 895,179,745.72 at the end of the previous year[8] - Total liabilities increased to CNY 223,126,473.32 from CNY 182,675,847.74, reflecting a rise of 22.2%[43] - The company's total assets amounted to CNY 942,836,185.16, compared to CNY 871,332,792.50 at the beginning of the year, marking an increase of 8.2%[42] - Short-term borrowings rose by 82.83% to CNY 159.91 million, attributed to increased bank loans[20] - Accounts receivable increased to RMB 177,886,969.70 from RMB 196,278,205.83, indicating a potential collection issue[37] Operational Costs and Expenses - Management expenses increased by 73.84% to CNY 10.16 million, primarily due to higher R&D costs and management fees[21] - Operating costs for Q1 2018 were CNY 266,056,677.65, up from CNY 253,175,382.94, which is an increase of 5.1%[46] - The company reported an increase in sales expenses to CNY 4,496,024.57, up from CNY 3,675,128.35 in the previous year[50] - Management expenses rose significantly to CNY 8,872,677.44, compared to CNY 4,961,543.04 in the same period last year[50] Risks and Challenges - The company faces risks related to fluctuations in raw material prices, particularly electrolytic aluminum, which could impact cash flow and profit margins[10] - The company has a strong R&D capability but may face challenges in developing new products and technologies due to rapid technological advancements in the industry[11] - The company has established a partnership for an investment fund, which may involve various risks including project implementation and investment returns[27] Shareholder Information - The company reported a cash dividend of RMB 3.30 per 10 shares, totaling RMB 79,992,000.00 distributed to shareholders[30] - The total share capital increased from 242,400,000 shares to 290,880,000 shares after a capital reserve conversion of 2 shares for every 10 shares held[30] - The company has implemented a strict profit distribution policy, ensuring the protection of minority shareholders' rights[30] - There are no violations regarding external guarantees during the reporting period[32] - The company has no overdue commitments from major shareholders or related parties during the reporting period[29]

Financial Performance - The company's operating revenue for 2017 was ¥1,149,958,812.65, representing a 27.97% increase compared to ¥898,621,601.09 in 2016[21]. - The net profit attributable to shareholders for 2017 was ¥104,779,266.74, a 49.86% increase from ¥69,916,422.73 in 2016[21]. - The basic earnings per share for 2017 was ¥0.43, up 48.28% from ¥0.29 in 2016[21]. - The total assets at the end of 2017 reached ¥895,179,745.72, a 22.25% increase from ¥732,281,942.34 at the end of 2016[21]. - The company reported a net cash flow from operating activities of ¥21,311,357.11, a decrease of 29.89% compared to ¥30,398,793.30 in 2016[21]. - The operating profit for 2017 was CNY 111,099,578.83, reflecting a growth of 47.81% compared to the previous year[44]. - The revenue from intermediate alloys accounted for 94.58% of total revenue, amounting to ¥1,087,687,934.64, with a year-on-year growth of 28.83%[56]. - The gross profit margin for the industrial sector was 11.95%, a decrease of 2.21% from the previous year[58]. - The company sold 64,986 tons of products in 2017, an increase of 21.98% from 53,276 tons in 2016[59]. - The actual sales for the year were 183.25 million RMB, compared to the expected 255 million RMB, indicating a performance of approximately 71.9% of the target[118]. Research and Development - The company has a strong research and development capability but acknowledges potential risks in developing new products and technologies due to rapid technological advancements in the industry[8]. - The company is recognized as a national high-tech enterprise and has established several research centers in collaboration with universities and research institutions[32]. - The company has ongoing R&D projects, including a collaboration with Tohoku University in Japan for aerospace aluminum alloy grain refinement technology[33]. - The company plans to enhance its R&D capabilities by increasing funding and human resources, aiming to build a world-class technology R&D center[47]. - Research and development investment amounted to ¥29,321,419.69, which is 2.55% of the operating revenue[68]. - The number of R&D personnel increased to 57, accounting for 12.56% of the total workforce[68]. - The company has established a strong R&D team and partnerships with research institutions, enhancing its technological capabilities in aerospace materials[38]. - The company is committed to increasing R&D investment to improve its manufacturing capabilities and achieve scale efficiencies[88]. Market Position and Strategy - The company is a leading national high-tech enterprise in the intermediate alloy materials sector, primarily serving industries such as automotive, high-speed rail, aerospace, military, and power electronics[8]. - The company’s products are essential for producing high-end aluminum materials used in various terminal products, indicating a strong market position[8]. - The company plans to expand into high-speed rail, military, and aerospace markets while increasing production capacity and investing in technology R&D[34]. - The company is developing copper-based, magnesium-based, zinc-based, and iron-based customer markets to enhance revenue growth and market position[34]. - The aluminum-based intermediate alloy industry is projected to grow at an annual rate of over 15%, with increasing demand in high-end applications[86]. - The market for aluminum-based intermediate alloys is expected to expand significantly due to rising demand from downstream industries such as automotive and aerospace[87]. - The company emphasizes the importance of adapting to national policies that encourage the comprehensive utilization of non-ferrous metals and the development of high value-added products[8]. Risk Management - The company faces risks related to raw material price fluctuations, particularly in electrolytic aluminum, which can impact liquidity and profit margins if prices experience significant volatility[7]. - The company is exposed to foreign exchange risks due to fluctuations in the RMB to USD exchange rate, which may adversely affect its operations[8]. - The company has implemented measures to manage related party transactions, ensuring their reasonableness and fairness, although changes in major related parties' operations could impact the company[8]. - The company is actively taking measures to mitigate risks, including enhancing its technical advantages and improving internal control and operational systems[91]. - The company has implemented forward foreign exchange operations to reduce exchange rate fluctuation risks and improve economic benefits[91]. Corporate Governance - The actual controller of the company, the Zang family, has committed to not transferring their shares for 36 months from the date of the company's listing[100]. - The chairman, Zang Liguo, has pledged to limit his annual share transfers to no more than 25% of his directly or indirectly held shares during his tenure[101]. - The company has established a commitment to avoid and reduce related party transactions, ensuring compliance with relevant regulations and fair pricing[105]. - The company’s board members and senior management have committed to maintaining share price stability, with specific measures in place if the closing price falls below a certain threshold for 20 consecutive trading days[105]. - The company has established a clear policy regarding the management of shares held by its actual controllers, ensuring transparency and adherence to commitments[103]. - The company has committed to a strict adherence to the regulations set forth by the China Securities Regulatory Commission regarding related party transactions[105]. - The company has established a framework for managing share transfers and related commitments to ensure long-term stability and investor confidence[102]. - The company has engaged Huapu Tianjian Accounting Firm for auditing services, with a fee of RMB 950,000 for the year, marking the second consecutive year of their service[111]. Employee Management - The company aims to strengthen its employee training programs to enhance the professional skills of its workforce, particularly in technical and managerial roles[51]. - The company will implement a more scientific performance evaluation system to create a fair competitive environment and development space for employees[52]. - The total remuneration for directors and senior management during the reporting period amounts to 101.5 million CNY[170]. - The company plans to implement a performance-based compensation management system in 2018, linking employee benefits to overall company performance[173]. - The company has established a comprehensive training plan for 2018 to enhance employee skills and management capabilities[174]. - The total number of employees in the company is 474, with 454 in the parent company and 20 in major subsidiaries[171]. - The company has a professional composition of 241 production personnel, 30 sales personnel, and 59 technical personnel[171]. Shareholder Information - The company has a total of 242,400,000 shares, with 180,000,000 shares (74.26%) being restricted shares[141]. - The largest shareholder, Zang Yongxing, holds 11.88% of the shares, amounting to 28,800,000 shares[143]. - The second largest shareholder, Zang Na, also holds 11.14% with 27,000,000 shares[143]. - The company has a total of 10 major shareholders, all of whom are members of the Zang family, indicating a concentrated ownership structure[144]. - The total number of shareholders at the end of the reporting period is not specified, but the report indicates a significant concentration among the top shareholders[143]. - The company has not engaged in any repurchase transactions during the reporting period[144]. - The company has committed to repurchase shares to stabilize stock prices and will vote in favor of such proposals at the shareholders' meeting[107]. Compliance and Legal Matters - There were no significant lawsuits or arbitration matters during the reporting period[113]. - The company reported no non-operating fund occupation by controlling shareholders or related parties[108]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[115]. - The company has not faced any situations that could lead to suspension or termination of its listing[112]. - The company has not experienced any bankruptcy restructuring matters during the reporting period[112]. - The company has not encountered any penalties or rectification situations during the reporting period[114]. - The company has not received any administrative regulatory measures from supervisory authorities during the reporting period[177]. - The governance structure complies with relevant laws and regulations, ensuring effective risk control and operational efficiency[177].

Financial Performance - Operating revenue for the reporting period was ¥268,285,298.29, representing an 18.39% increase year-over-year[8] - Net profit attributable to shareholders was ¥34,617,486.69, a significant increase of 113.34% compared to the same period last year[8] - Basic earnings per share for the reporting period was ¥0.14, doubling from the previous year[8] - The weighted average return on net assets was 5.23%, an increase of 2.50% compared to the previous year[8] - The company reported a total comprehensive income of ¥38,431,952.97 for the current period, significantly higher than ¥16,518,293.05 in the previous period[45] - The net profit attributable to the parent company was ¥70,745,759.48, up 40% from ¥50,516,457.46 year-on-year[49] - The total profit for the quarter was ¥82,261,664.08, compared to ¥59,461,997.16 in the previous year, marking a 38.3% increase[48] - The basic earnings per share increased to ¥0.29 from ¥0.21, reflecting a growth of 38%[49] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥55,278,727.42, showing a dramatic increase of 10,845.99%[8] - Cash flow from financing activities generated a net inflow of CNY 84,489,123.93, contrasting with a net outflow of CNY 81,879,373.57 in the previous period[58] - The cash flow from operating activities generated a net amount of ¥55,278,727.42, a significant increase from ¥505,013.70 in the same quarter last year[55] - Net cash flow from operating activities was CNY 73,299,917.03, a significant improvement compared to a net outflow of CNY 7,386,264.00 in the same period last year[57] Assets and Liabilities - Total assets at the end of the reporting period reached ¥915,806,767.90, an increase of 25.06% compared to the previous year[8] - Total liabilities rose to CNY 233,937,893.36 from CNY 105,525,389.97, an increase of approximately 121.3%[33] - Current assets increased to CNY 547,706,709.81 from CNY 474,115,168.21, representing a growth of approximately 15.5%[31] - Non-current assets increased to CNY 368,100,058.09 from CNY 258,166,774.13, a rise of approximately 42.6%[32] Investments - Long-term equity investments surged by 43,926.52% to ¥81,626,409.81 due to increased external investments[16] - The company reported investment income for the current period was ¥5,717,697.07, compared to a loss of ¥947,500.00 in the previous period, showing a positive turnaround[44] - The investment income from joint ventures was reported at ¥2,143,644.64, showing a recovery from a loss of ¥1,414,934.35 in the previous year[48] Government Subsidies - Government subsidies recognized in the current period amounted to ¥23,930,150.36[9] - The company received government subsidies totaling ¥35,244,200, positively impacting other income for the first three quarters of 2017[21] - Deferred income increased by 97.46% to ¥28,532,583.34 due to increased government subsidies[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,684[12] - The top shareholder, Zang Yongxing, holds 11.88% of the shares, amounting to 28,800,000 shares, which are pledged[12] Operational Highlights - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41] - The company was recognized as a "demonstration base for military-civilian integration" by Hebei Province, enhancing its focus on technology innovation[20] - The company terminated the acquisition of a 70% stake in Tianhe Environment due to uncertainties in raw material prices and unresolved debt issues[19] Other Financial Metrics - Financial expenses increased by 650.65% to ¥7,856,208.67 due to exchange losses and increased loans[16] - Tax expenses for the current period were ¥5,452,217.30, compared to ¥3,029,478.15 in the previous period, reflecting an increase of 80.0%[44] - Other income for the current period was ¥24,946,066.06, indicating new revenue streams being developed[44]

Financial Performance - The company's total revenue for the reporting period reached ¥539,802,758.27, representing a 37.22% increase compared to ¥393,398,021.25 in the same period last year [26]. - The net profit attributable to shareholders was ¥36,128,272.79, up 5.36% from ¥34,289,953.87 year-on-year [26]. - The net profit after deducting non-recurring gains and losses was ¥34,888,232.76, reflecting a 9.15% increase from ¥31,962,141.28 in the previous year [26]. - The net cash flow from operating activities was ¥11,326,867.79, a 38.02% increase compared to ¥8,206,896.65 in the same period last year [26]. - The company's total assets increased by 19.47% to ¥874,824,135.73 from ¥732,281,942.34 at the end of the previous year [26]. - The net assets attributable to shareholders rose by 3.11% to ¥644,309,330.78 from ¥624,905,057.65 at the end of the previous year [26]. - The operating profit for the same period was CNY 41,592,835.20, reflecting a growth of 14.14% compared to the previous year [45]. - The company's operating revenue for the current reporting period reached ¥539,802,758.27, representing a year-on-year increase of 37.22% due to enhanced market expansion and increased sales volume [51]. Market Position and Strategy - The company is a leading national high-tech enterprise specializing in the research, development, and production of intermediate alloy materials, primarily serving industries such as automotive, aerospace, and military [8]. - The company plans to expand its market presence in high-speed rail, military, and aerospace sectors while increasing production capacity and product variety [36]. - The company is actively expanding its market presence in the military and aerospace sectors by diversifying product types and levels [46]. - The company aims to achieve continuous organic growth while exploring opportunities for external growth through acquisitions of quality assets [36]. - The company plans to enhance its competitive advantage by developing convenient, economical, and environmentally friendly intermediate alloy products [73]. Research and Development - The company has a strong research and development capability but may face challenges in developing new products and technologies due to rapid technological advancements in the industry [9]. - The company has established partnerships with several research institutions and universities to enhance its R&D capabilities, including a collaboration with Tohoku University in Japan [35]. - The company has a total of 7 invention patents, 15 utility model patents, and 20 non-patent technologies, indicating a strong focus on innovation [34]. - The company has established a strong collaborative R&D system with institutions like Beihang University and the Chinese Academy of Sciences, focusing on aerospace materials [39]. - The company plans to enhance its R&D capabilities by increasing investment in both human and financial resources, aiming to build a world-class technology R&D center [46]. Risks and Challenges - The company reported a significant reliance on electrolytic aluminum as a key raw material, with price fluctuations impacting working capital and profit margins [6]. - The company is exposed to foreign exchange risks due to fluctuations in the RMB to USD exchange rate, which may adversely affect normal operations [11]. - The company has faced risks related to related-party transactions, which could impact production and operations if major partners experience significant changes [8]. - The company anticipates potential risks related to fluctuations in the price of electrolytic aluminum, which could impact cash flow and profit margins [70]. - The company faces risks associated with new product and technology development, as the industry is technology and capital-intensive [72]. Corporate Governance and Compliance - The company has established measures to mitigate risks associated with related-party transactions, ensuring their reasonableness and fairness [8]. - The company has committed to maintaining its shareholding structure and governance for a period of 36 months post-IPO [80]. - The company has not undergone any major litigation or arbitration matters during the reporting period [90]. - The semi-annual financial report has not been audited [88]. - The company has not issued any non-standard audit reports in the previous year [89]. Shareholder Information - The company's stock is listed on the Shenzhen Stock Exchange under the code 300428 [21]. - The total number of shareholders at the end of the reporting period was 23,799 [114]. - Major shareholders include Zang Yongxing with 11.88% and other individuals holding between 7.43% and 11.14% [114]. - The total number of shares is 242,400,000, with 74.26% being restricted shares [112]. - The company distributed dividends of 0.83 RMB per 10 shares based on a total share capital of 242,400,000 shares [108]. Financial Management - The company is committed to improving its procurement system to ensure stable quality and supply of raw materials [48]. - The company has developed a 7S management model to improve operational efficiency and safety in production [41]. - The company reported a net increase in cash and cash equivalents of ¥21,483,389.30, a significant turnaround from a decrease of ¥18,304,318.20 in the previous year [52]. - The company reported no significant changes in profit composition or sources during the reporting period [52]. - The company has made commitments to reduce and regulate related party transactions [84].

Financial Performance - Total revenue for Q1 2017 reached ¥271,159,454.49, an increase of 48.70% compared to ¥182,354,584.95 in the same period last year[7] - Net profit attributable to shareholders was ¥18,158,240.06, up 15.99% from ¥15,655,198.61 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥18,001,720.25, reflecting a 28.83% increase from ¥13,973,503.00 in the previous year[7] - The company's operating revenue for Q1 2017 reached RMB 271.16 million, an increase of 48.70% year-on-year, primarily due to increased sales volume[22] - The net profit attributable to shareholders for Q1 2017 was RMB 18.24 million, reflecting a year-on-year growth of 16.54%[22] - The company's total profit for the period was RMB 21.16 million, up 15.34% compared to the same period last year[22] - The company's operating profit for Q1 2017 was RMB 18.05 million, representing a 9.93% increase year-on-year[22] - Net profit for the current period was ¥18,244,665.03, compared to ¥15,655,198.61 in the previous period, reflecting a growth of approximately 16.5%[44] - The company's operating profit was reported at ¥18,053,944.51, an increase from ¥16,423,324.04, which is a growth of about 9.9%[44] Cash Flow and Assets - The net cash flow from operating activities improved by 58.41%, with a net outflow of ¥12,759,693.51 compared to ¥28,704,801.77 in the same period last year[7] - Cash flow from operating activities totaled ¥218,348,401.53, compared to ¥163,583,934.00 in the previous period, marking an increase of approximately 33.4%[50] - The company reported a net cash flow from investment activities of -89,319,050.08 CNY, significantly higher than -8,088,854.86 CNY in the previous year[55] - Cash inflow from financing activities was 90,000,000.00 CNY, with a net cash flow from financing activities of 89,474,097.50 CNY after accounting for outflows[52] - Total assets at the end of the reporting period were ¥824,536,490.85, a 12.60% increase from ¥732,281,942.34 at the end of the previous year[7] - Current assets slightly decreased to CNY 473.85 million from CNY 474.12 million, a decline of about 0.06%[35] - Non-current assets rose significantly to CNY 350.69 million from CNY 258.17 million, marking an increase of approximately 36%[36] - Total liabilities rose to CNY 180.34 million from CNY 105.53 million, an increase of approximately 70.94%[37] - Owner's equity increased to CNY 644.19 million from CNY 626.76 million, a growth of about 2.77%[38] Investments and R&D - The company is engaged in R&D for new products and technologies, which is critical due to increasing customer demands and competitive pressures in the intermediate alloy materials industry[11] - The company's long-term equity investments increased by 43,188.18% to RMB 80.26 million due to new external investment projects[20] - The company plans to develop convenient, economical, and environmentally friendly intermediate alloy products to strengthen its competitive advantage[25] - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and product offerings[39] Risks and Challenges - The company faces risks related to raw material price fluctuations, particularly in electrolytic aluminum, which could impact cash flow and profit margins[10] - The company faces risks related to related party transactions, particularly with suppliers and customers in the aluminum alloy sector, which could impact production and operations if major changes occur[23] - The price volatility of primary raw materials, especially electrolytic aluminum, poses a risk; while the company can partially mitigate this through pricing strategies, significant and sustained fluctuations could affect profit margins[24] - The company is exposed to foreign exchange risks due to fluctuations in the RMB/USD exchange rate, which could impact its foreign currency receivables[24] Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 21,920, with the top three shareholders holding a combined 34.16% of the shares[14] - The company has no reported violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[30][31] Other Financial Metrics - The company's sales expenses rose by 50.52% to RMB 48.48 million, driven by higher sales volume[21] - The company's financial expenses surged by 2,619.35% to RMB 1.68 million, primarily due to increased loans[21] - The company's prepayments decreased by 93.88% to RMB 1.47 million, resulting from reduced advance payments for goods[20] - The company's other comprehensive income decreased by 88.34% to RMB 266,192.16, due to a reduction in foreign currency translation differences[20] - The company reported a tax expense of ¥2,919,283.20 for the current period, slightly higher than ¥2,694,432.01 from the previous period[44] - The fair value change income was not reported for the current period, while the previous period recorded a gain of ¥842,350.00[44] - The company experienced a decrease in other comprehensive income, with a net loss of ¥2,017,263.18 compared to a loss of ¥1,188,734.08 in the previous period[45] - Investment income for the current period was ¥69,872.96, a recovery from a loss of ¥533,524.49 in the previous period[44]