杭州集智机电股份有限公司 2017 年第三季度报告全文 杭州集智机电股份有限公司 2017 年第三季度报告 2017 年 10 月 1 杭州集智机电股份有限公司 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。 公司负责人楼荣伟、主管会计工作负责人俞金球及会计机构负责人(会计主 管人员)俞金球声明：保证季度报告中财务报表的真实、准确、完整。 2 杭州集智机电股份有限公司 2017 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 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） | 357,496,889.51 | | 339,828,200.64 | 5.20% | | 归属于上市公司股东的净资产 | 317,920,124.62 | ...

Production Capacity and Market Expansion - The company's production capacity for fully automatic balancing machines will increase from 350 units per year to 1,530 units per year, representing a growth rate of 337%[10]. - The company plans to expand its product application areas from the motor balancing field to automotive, pump, and fan industries, which may introduce uncertainties in market expansion[13]. - The company has successfully entered the manufacturing field of automotive rotating components, such as clutch pressure plates and assemblies, but faces uncertainties in sustaining technological upgrades and product improvements[17]. - The company is exploring external expansion by participating in the bidding for equity in Shanghai Xink Test Machine Co., Ltd.[54]. - The company has established 9 regional service centers in China to provide comprehensive customer support[48]. Financial Performance - Total revenue for the reporting period was ¥53,266,535.23, an increase of 1.67% compared to ¥52,390,451.97 in the same period last year[31]. - Net profit attributable to shareholders was ¥13,002,206.92, a decrease of 15.63% from ¥15,411,692.50 in the previous year[31]. - Net profit after deducting non-recurring gains and losses was ¥11,860,818.95, down 18.73% from ¥14,594,667.83 year-on-year[31]. - The net cash flow from operating activities was -¥4,699,033.08, a decline of 150.39% compared to ¥9,325,072.50 in the same period last year[31]. - Basic earnings per share decreased by 37.21% to ¥0.27 from ¥0.43 in the previous year[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥351,132,908.87, an increase of 3.33% from ¥339,828,200.64 at the end of the previous year[31]. - Total liabilities amounted to CNY 28,279,982.28, up from CNY 26,953,038.55, which is an increase of approximately 4.91%[157]. - The company's equity totaled CNY 314,474,430.94, compared to CNY 312,879,609.43 at the beginning of the year, reflecting a growth of about 0.51%[157]. Research and Development - The R&D team consists of 46 personnel, accounting for 28.40% of the total workforce, with R&D expenses amounting to 4.74 million yuan, representing 8.90% of operating revenue[54]. - The company has developed 17 core technologies and holds 7 authorized invention patents and 10 utility model patents[46]. - The company adopts a market-oriented R&D strategy, with annual project planning based on feedback from marketing and maintenance departments[39]. Risks and Challenges - The company faces risks related to market competition, including intensified competition from both domestic and international peers[8]. - The company is at risk of talent shortages and turnover, which could hinder its ability to maintain a healthy and rapid growth trajectory[6]. - The company faces risks related to technological innovation, including potential obsolescence of its products if new technologies eliminate the need for balancing[84]. - The company has identified risks related to insufficient project commencement or product sales in relation to its fundraising investment projects[85]. Shareholder and Profit Distribution Policies - The company will not distribute cash dividends, issue bonus shares, or increase capital from reserves[18]. - The company has committed to a profit distribution policy prioritizing cash dividends over stock dividends, ensuring sustainable returns to shareholders[97]. - The company aims to maintain a continuous and stable profit distribution policy that aligns with legal regulations and shareholder interests[97]. - The company plans to distribute no less than 20% of its profits as dividends, with at least 10% of the distributable profits allocated for cash distribution[101]. Investment and Financial Management - The total amount of funds raised was ¥13,286.1 million, with ¥1,305.23 million invested during the reporting period[70]. - The company has reported a total of CNY 2,000 million in entrusted financial management with a return of CNY 15.53 million during the reporting period[76]. - The company has also engaged in additional entrusted financial management amounting to CNY 3,000 million, yielding a return of CNY 32.16 million[76]. Compliance and Governance - The company has not encountered any significant changes in project feasibility or reasons for not meeting planned progress[73]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[79][80]. - The company has committed to not engage in unfair practices or harm its interests[108]. - The controlling shareholder has promised not to interfere with the company's management activities[108].

Financial Performance - Total revenue for Q1 2017 was CNY 18,852,311.80, representing a 4.57% increase compared to CNY 18,029,241.42 in the same period last year[7] - Net profit attributable to shareholders was CNY 4,772,866.62, up 12.51% from CNY 4,242,005.89 year-on-year[7] - Basic earnings per share fell by 17.17% to CNY 0.0994 from CNY 0.12 in the same period last year[7] - The company achieved operating revenue of 18.85 million RMB, an increase of 4.57% compared to the same period last year[22] - The net profit for the reporting period was 4.77 million RMB, reflecting a growth of 12.51% year-on-year[22] - The company reported a significant increase in sales expenses, which rose to CNY 2,446,546.02 from CNY 1,995,069.07 in the previous period[63] - The total operating cash inflow was CNY 22,882,852.09, an increase from CNY 19,002,685.31 in the previous year[66] Cash Flow and Investments - Net cash flow from operating activities decreased by 65.86% to CNY 371,122.91 from CNY 1,087,194.46 in the previous year[7] - Cash flow from operating activities generated a net cash inflow of CNY 371,122.91, a decrease from CNY 1,087,194.46 in the previous year[67] - Investment activities resulted in a net cash outflow of CNY 17,956,538.24, compared to a net outflow of CNY 7,296,337.48 in the previous year[67] - Net cash flow from investment activities was negative at CNY -30,718,849.39, compared to a positive CNY 55,723.32 in the previous period[71] - The company received CNY 20,000,000.00 from investment recoveries during the period[67] - The company received CNY 50,000,000.00 related to other investment activities, which was not present in the previous period[71] Assets and Liabilities - The company's total assets increased by 1.51% to CNY 344,968,052.07 compared to CNY 339,828,200.64 at the end of the previous year[7] - The total assets of Hangzhou Jizhi Electromechanical Co., Ltd. as of March 31, 2017, amounted to CNY 344,968,052.07, an increase from CNY 339,828,200.64 at the beginning of the year[49] - The company's cash and cash equivalents decreased to CNY 111,033,258.34 from CNY 129,168,673.67[50] - Accounts receivable decreased to CNY 38,493,466.69 from CNY 40,802,034.65, indicating a reduction of approximately 5.67%[50] - Inventory increased to CNY 29,451,103.14 from CNY 25,976,675.15, reflecting an increase of about 9.02%[50] - The total liabilities at the end of Q1 2017 were CNY 25,034,361.96, a decrease from CNY 26,953,038.55 at the beginning of the period[56] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,845[15] - The top ten shareholders hold a combined 69.76% of the shares, with the largest shareholder, Lou Rongwei, owning 14.21%[15] - Shareholders holding more than 5% of the company's shares have made commitments regarding their holding intentions and reduction plans, ensuring transparency[27] - The company reported a commitment from major shareholders to not transfer or manage their shares for a period of 12 to 36 months post-IPO[26] Business Strategy and Risks - The company plans to expand its product applications from the motor sector to the automotive, pump, and fan industries[12] - The company faces risks related to market competition and potential economic downturns affecting demand in the equipment manufacturing industry[10] - The company emphasizes the importance of continuous technological innovation and product development to maintain its market position and growth potential[12] Profit Distribution Policy - The company has a profit distribution policy emphasizing reasonable returns to public shareholders, as approved in the 2013 annual general meeting[28] - The company maintains a profit distribution policy that prioritizes cash dividends, with a minimum of 10% of the distributable profit allocated to cash dividends each year[30] - The company plans to conduct a profit distribution after the annual general meeting, with the board able to propose mid-term distributions based on profitability and funding needs[30] - The company must disclose its profit distribution plan and cash dividend policy in its annual and semi-annual reports, ensuring transparency and compliance with regulations[31] Stock Repurchase and Stabilization - The company plans to implement a stock repurchase program to stabilize its stock price, with a total repurchase fund not exceeding the net amount raised from its initial public offering[35] - The minimum amount for a single repurchase transaction is set at RMB 10 million[36] - The company’s board must announce the repurchase plan within 10 trading days after the triggering conditions are met[37] - The repurchase program is subject to approval by two-thirds of the voting rights at the shareholders' meeting[36]

Production Capacity and Market Expansion - The company's production capacity for fully automatic balancing machines will increase from 350 units per year to 1,530 units per year, representing a growth rate of 337%[11]. - The company has established a stable market presence in the motor industry but aims to expand its product applications to automotive, pump, and fan industries[12]. - The company launched new automatic balancing machines and semi-automatic balancing machines, enhancing its product offerings in the automotive sector, which has expanded its market reach[45]. - The company plans to establish a new production base in Yuhang District, Hangzhou, to increase production capacity, aiming for 50% production in the first year, 80% in the second year, and full capacity in the third year, with an annual addition of 1,180 balancing machines[101]. - The company has initiated preliminary research and preparation for external expansion in line with its strategic development plan[63]. Financial Performance - The gross profit margins for the last three years were 57.99%, 58.14%, and 56.01% respectively, indicating a stable performance in profitability[16]. - The company's operating revenue for 2016 was CNY 100,150,429.80, representing a 2.30% increase compared to CNY 97,896,432.26 in 2015[34]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 26,384,820.85, a decrease of 10.23% from CNY 29,391,624.81 in the previous year[34]. - The total assets at the end of 2016 reached CNY 339,828,200.64, an increase of 88.28% compared to CNY 180,489,613.55 at the end of 2015[34]. - The net assets attributable to shareholders increased by 95.10% to CNY 312,057,879.43 from CNY 159,946,788.19 in 2015[34]. Research and Development - The company has established a research and development strategy focused on market needs, collaborating with universities and research institutions to innovate and improve product specifications[44]. - The company invested CNY 9,847,417.51 in R&D in 2016, accounting for 9.83% of its operating revenue[77]. - The company has developed 17 core technologies related to fully automatic balancing machines, with 6 authorized invention patents and 7 utility model patents[52]. - The company plans to enhance its R&D capabilities by building new laboratories and increasing investment in technology development and talent training[101]. - The company applied for 15 new patents during the reporting period, reflecting its focus on intellectual property and innovation[62]. Risks and Challenges - The company faces risks related to technological innovation, as the fully automatic balancing machine relies on multiple disciplines and requires continuous upgrades to maintain competitiveness[5]. - The company is exposed to risks related to raw material procurement, especially as production capacity increases and product categories diversify[15]. - The company acknowledges the potential for increased market competition and the need for effective strategies to mitigate these risks[8]. - The company has a risk of inventory management, with inventory balances of 28.19 million, 20.17 million, and 25.98 million yuan over the last three years, representing 19.97%, 14.39%, and 9.66% of current assets respectively[19]. Cash Dividends and Shareholder Commitments - The company plans to distribute cash dividends of 2.50 yuan per 10 shares (including tax) to all shareholders, based on a total of 48 million shares[22]. - The cash dividend amount for 2016 was 12,000,000, which represents 43.97% of the net profit attributable to ordinary shareholders of 27,288,449.68[114]. - The company has committed to a cash dividend policy, ensuring that at least 20% of profits are distributed as dividends during its growth phase[108]. - Shareholders holding more than 5% of the company's shares, including key individuals, have committed to a lock-up period and specific reduction intentions, ensuring transparency in shareholding[118]. - The actual controller and shareholders have fulfilled their commitments during the reporting period, ensuring compliance with the promises made[115]. Employee and Management Structure - The company employed a total of 133 staff, including 40 production personnel, 35 sales personnel, and 42 technical personnel[195]. - The educational background of employees includes 5 with master's degrees, 58 with bachelor's degrees, and 39 with associate degrees[195]. - The company has a human resources development plan to recruit and train high-quality talent to support its growth and project implementation[102]. - Training programs are provided monthly for various levels of staff, focusing on professional skills and company culture[197]. - The company emphasizes internal training to pass on valuable experience and knowledge[198]. Share Repurchase and Stock Price Stabilization - The company has established a stock price stabilization plan, which will be activated if the stock price falls below the latest audited net asset value for 20 consecutive trading days[128]. - The company plans to repurchase shares to stabilize stock prices, with a total repurchase amount not exceeding the net proceeds from the initial public offering[130]. - The company mandates that directors and senior management must use at least 20% of their previous year's after-tax salary for share repurchases, capped at their total salary[131]. - The company will announce the results of the share repurchase and handle the cancellation of repurchased shares within 2 trading days after completion[132]. - The company’s board must announce the repurchase plan within 10 trading days after the conditions are met, detailing the number of shares and price range[132].