Financial Performance - Operating revenue for the reporting period was ¥200,836,244.89, representing a year-on-year increase of 4.59%[7] - Net profit attributable to shareholders of the listed company was ¥44,507,014.93, up by 6.00% compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses was ¥41,650,085.05, an increase of 7.27% year-on-year[7] - Basic earnings per share for the reporting period were ¥0.2225, reflecting a growth of 6.00% year-on-year[7] - The operating profit for the period was 133,598,307.12, compared to 127,648,134.68 in the previous period, showing an increase of about 4.5%[57] - The total profit for the period was 133,631,764.95, up from 127,658,895.04, indicating a growth of approximately 4.7%[57] - The basic and diluted earnings per share were both 0.2225, an increase from 0.2099 in the previous period, representing a growth of about 6.2%[53] - The total comprehensive income attributable to the parent company for the third quarter was ¥117,007,654.04, an increase from ¥110,676,835.03 in the previous period, representing a growth of approximately 3%[61] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,748,648,138.60, an increase of 3.10% compared to the previous year-end[7] - Total liabilities decreased to CNY 279,402,666.67 from CNY 311,808,174.65, a reduction of approximately 10.4%[40] - Current assets totaled CNY 748,393,441.72, a decrease of 4.8% from CNY 785,852,161.21 at the end of the previous year[34] - Non-current assets increased to CNY 1,000,254,696.88, compared to CNY 910,204,934.08, marking an increase of about 9.8%[37] - The company's equity attributable to shareholders rose to CNY 1,469,245,471.93, compared to CNY 1,384,248,920.64, reflecting an increase of about 6.1%[43] Cash Flow - The net cash flow from operating activities was ¥88,814,675.65, showing a significant increase of 258.29% compared to the previous year[7] - Cash inflow from operating activities for the third quarter was ¥469,363,448.91, compared to ¥397,728,014.34 in the previous year, reflecting a growth of approximately 18%[65] - The net cash flow from operating activities increased significantly to ¥88,814,675.65 from ¥24,788,570.47, marking a substantial improvement[65] - Cash outflow from investment activities totaled ¥1,023,566,566.82, with a net cash flow from investment activities of -¥58,817,285.80, compared to -¥1,291,101.30 in the previous year[68] - The cash flow from financing activities showed a net outflow of -¥32,531,256.50, compared to -¥17,590,000.00 in the same period last year, indicating increased financing costs[68] Expenses - R&D expenses increased by 30.49% to ¥24,136,308.76, reflecting higher investment in research and development[18] - The operating costs for the quarter were CNY 152,782,562.60, an increase from CNY 147,877,295.27, representing a rise of 3.9%[44] - Tax expenses for the quarter were CNY 2,586,718.79, significantly higher than CNY 1,216,434.94 in the previous year, indicating an increase of 112.5%[44] - Financial expenses decreased by 40.29% to -¥2,394,110.59, attributed to a reduction in foreign exchange losses[18] - Investment income fell by 32.82% to ¥6,780,227.43, primarily due to a decrease in financial products[18] Government Support and Other Income - The company received government subsidies amounting to ¥9,080,715.24 during the reporting period[7] - Other income increased by 84.19% to ¥9,080,715.24, mainly due to increased government subsidies[18] Shareholder Information - The company reported no significant changes in the number of shareholders or major shareholder holdings during the reporting period[11] - The company distributed cash dividends totaling ¥32,000,000, at a rate of ¥1.6 per 10 shares based on the total share capital of 200,000,000 shares[25] Investments and Acquisitions - The company acquired 51% of Suzhou Hebes Hardware Products Co., Ltd. for ¥19.38 million, enhancing its position in the new energy vehicle supply chain[22] Financial Reporting and Standards - The company has not undergone an audit for the third quarter report, which may affect investor confidence[81] - The company is adapting to new financial instrument standards effective from January 1, 2019, which may impact future financial reporting[80]

Financial Performance - The company reported a significant revenue increase of 15% year-over-year, reaching RMB 500 million in the first half of 2019[23]. - Total revenue for the reporting period reached ¥364,971,879.67, an increase of 6.26% compared to ¥343,473,012.37 in the same period last year[31]. - Net profit attributable to shareholders was ¥72,500,639.11, reflecting a growth of 5.55% from ¥68,689,539.16 year-on-year[31]. - Basic earnings per share rose to ¥0.3625, up 5.56% from ¥0.3434 in the same period last year[31]. - The company achieved operating revenue of RMB 364.97 million in the first half of 2019, representing a year-on-year growth of 6.26%[69]. - The net profit attributable to shareholders was RMB 72.50 million, an increase of 5.55% compared to the same period last year[69]. - The total profit for the first half of 2019 was approximately ¥82.45 million, an increase of 0.5% compared to ¥79.08 million in the same period of 2018[197]. - Tax expenses for the first half of 2019 were approximately ¥9.95 million, a slight decrease from ¥10.39 million in the same period of 2018[197]. Research and Development - The company plans to invest 20% of its revenue into R&D for new energy vehicle components over the next three years, aiming to capture emerging market opportunities[8]. - Research and development expenses increased by 39.27% to RMB 17.09 million, with 22 invention patents and 80 utility model patents authorized as of June 30, 2019[67]. - The company is focusing on smart manufacturing and has implemented advanced technologies to enhance product automation and digitalization[62]. - A research planning institute was established to oversee technology development and product planning for emerging industries[66]. Market and Strategic Initiatives - User data indicates a 25% increase in orders from existing clients, reflecting strong demand for turbocharger components[23]. - The company is actively pursuing strategic alliances with key clients to enhance collaborative R&D efforts, particularly in the new energy vehicle sector[8]. - The company has identified potential acquisition targets that align with its strategic goals, focusing on expanding its market presence in the automotive sector[8]. - The company is expanding its business into high-end aviation equipment manufacturing and industrial automation, with a focus on green, intelligent, and low-carbon development[42]. - The company aims to expand its market presence and enhance competitiveness through mergers and acquisitions in related fields[64]. Operational Efficiency - The gross profit margin improved to 30%, up from 28% in the same period last year, indicating better cost management and pricing strategies[23]. - The company is closely monitoring raw material price fluctuations, which could impact profit margins, and is implementing measures to optimize procurement processes[13]. - The company is implementing measures to mitigate risks associated with product price declines, including cost control and continuous product development[102]. - The company is committed to optimizing operational management through information technology and internal control systems[68]. Industry Trends - In the first half of 2019, China's automotive production and sales were 12.13 million and 12.32 million units, respectively, down 13.7% and 12.4% year-on-year, while new energy vehicles saw production and sales of 614,000 units, up 48.5% and 49.5% respectively[45]. - The overall automotive market in China is transitioning from growth to maturity, indicating significant potential for future growth in vehicle ownership[51]. - The company’s main product, turbocharger core components, aligns with energy-saving and emission-reduction policies, contributing to the achievement of performance targets despite market challenges[51]. Financial Management - The company has not declared any cash dividends for this fiscal year, opting to reinvest profits into business growth initiatives[15]. - The company reported a government subsidy of ¥7,262,012.04, contributing to its financial performance[38]. - The company’s investment income amounted to ¥4,497,493.81, contributing 5.45% to the total profit, primarily from financial products and investments[74]. - The company reported a net cash increase of -¥7,304,047.96, a decrease of 117.04% from the previous year, indicating cash outflows[71]. - The company utilized self-owned funds for all entrusted financial management activities[90]. Risks and Challenges - The company faces risks related to international trade tensions, particularly with the U.S., but is adapting its strategies to mitigate potential impacts on its export business[12]. - The company faces risks related to the automotive industry's policy changes and macroeconomic fluctuations, which could impact orders and inventory levels[99]. - The company is monitoring international trade risks, particularly due to the ongoing US-China trade tensions, which have a minor impact on its overall business[100]. - The company is addressing raw material price volatility risks by enhancing procurement management and supply chain oversight[101]. Corporate Governance - The company held its annual general meeting with a participation rate of 71.88% on May 8, 2019[104]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[108]. - The company reported no significant litigation or arbitration matters during the reporting period[116]. - There were no penalties or rectification measures taken against the company during the reporting period[120]. - The company did not implement any stock incentive plans or employee shareholding plans during the reporting period[122].

Financial Performance - Total revenue for Q1 2019 was ¥178,307,086.13, an increase of 0.93% compared to ¥176,668,178.99 in the same period last year[7] - Net profit attributable to shareholders was ¥32,667,371.41, reflecting a growth of 3.76% from ¥31,483,138.61 year-on-year[7] - Net profit excluding non-recurring gains and losses reached ¥29,400,984.24, up 7.40% from ¥27,374,149.30 in the previous year[7] - Basic earnings per share for the quarter was ¥0.1633, an increase of 3.75% from ¥0.1574 in the previous year[7] - The company achieved total operating revenue of 178.31 million yuan, a year-on-year increase of 0.93%[21] - The net profit attributable to shareholders was 32.67 million yuan, reflecting a year-on-year growth of 3.76%[21] - Net profit for the current period was ¥32,667,371.41, up from ¥31,483,138.61 in the previous period, reflecting a growth of approximately 3.8%[56] - Basic and diluted earnings per share increased to ¥0.1633 from ¥0.1574, indicating improved profitability per share[59] Cash Flow - Net cash flow from operating activities improved significantly to ¥58,308,154.03, compared to a negative cash flow of ¥13,613,241.27 in the same period last year, marking a change of -528.32%[7] - Cash inflow from operating activities totaled ¥171,856,702.74, compared to ¥115,005,787.62 in the previous period, showing a significant increase[61] - The company achieved a net cash inflow from operating activities of ¥164,582,183.35, compared to ¥110,618,329.18 in the previous period, demonstrating enhanced operational efficiency[61] - The company's cash and cash equivalents rose by 140.04% to 64.09 million yuan, primarily due to increased sales collections during the reporting period[23] - The net cash flow from operating activities was $58.31 million, a decrease of $13.61 million compared to the previous period[68] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,724,593,356.02, representing a growth of 1.68% from ¥1,696,057,095.29 at the end of the previous year[7] - The company's total assets reached ¥1,724,593,356.02, up from ¥1,696,057,095.29 at the end of 2018[46] - The company's total liabilities decreased to ¥307,641,823.03 from ¥311,808,174.65[49] - The total liabilities and equity amounted to ¥1,724,593,356.02, up from ¥1,696,057,095.29, reflecting overall growth in the company's financial position[52] Shareholder Information - Net assets attributable to shareholders increased to ¥1,416,951,532.99, up 2.36% from ¥1,384,248,920.64 at the end of the last year[7] - The total equity attributable to shareholders of the parent company increased to ¥1,416,951,532.99 from ¥1,384,248,920.64, indicating a growth in shareholder value[52] - The total number of ordinary shareholders at the end of the reporting period was 18,241[12] Cost Management - The company reported a 49.38% decrease in selling expenses to 18.27 million yuan, attributed to reduced marketing costs[23] - The company reported a decrease in sales expenses to ¥1,826,664.25 from ¥3,608,580.47, indicating improved cost management[56] - Total operating costs decreased to ¥144,618,365.58 from ¥144,943,221.05, with operating costs specifically at ¥113,809,466.91 compared to ¥109,650,614.10[53] Research and Development - Research and development expenses rose to ¥7,525,775.03 from ¥6,170,203.08, highlighting the company's commitment to innovation[56] - The company aims to enhance product competitiveness through continuous R&D and cost control measures[33] Strategic Focus and Risks - The company plans to focus on the new energy vehicle industry while strengthening existing business operations[24] - The company is aware of risks related to the automotive industry's dependence on macroeconomic conditions and is taking measures to mitigate these risks[25] - The company is closely monitoring international trade environment changes, particularly the impacts of US-China trade tensions on its export business[30] - The company aims to enhance its competitive edge by improving product structure and increasing domestic market development efforts[32] - The company faces a risk of product price decline, typically experiencing an annual decrease of 1%-5% within 3-5 years after new product supply[33] - The company plans to explore marketing networks in politically stable countries to mitigate exchange rate risks[34] Financial Reporting - The company has implemented new financial instrument standards effective January 1, 2019, impacting financial reporting[75] - The first quarter report was not audited, indicating preliminary financial results[76]

Industry Dependence and Market Trends - The company reported a significant reliance on the automotive industry, with revenue primarily derived from providing components for turbochargers and engines, indicating vulnerability to macroeconomic fluctuations [7]. - The company plans to expand into the new energy vehicle sector, forming strategic alliances with clients for synchronized R&D and collaborative development [8]. - The company has been affected by the US-China trade tensions, with tariffs on $200 billion of Chinese imports potentially increasing from 10% to 25%, although the immediate impact on the company's exports has been limited [13]. - The company exports a small portion of turbocharger components to the US, which, while not significantly impacting overall business, poses long-term risks due to trade tensions [14]. - The automotive parts industry typically experiences annual price reductions of 1%-5%, which could adversely affect the company's profitability if not managed effectively [16]. - The implementation of the National V and VI emission standards is expected to promote the rapid development of the turbocharging industry due to stricter vehicle emission regulations [67]. - In 2018, China's automotive industry produced and sold 27.81 million and 28.08 million vehicles, respectively, representing a year-on-year decline of 4.2% and 2.8% [66]. - The production and sales of new energy vehicles in China reached 1.27 million and 1.256 million units in 2018, showing a year-on-year growth of 59.9% and 61.7% [66]. - The global sales of automotive turbochargers are projected to grow from 38 million units in 2016 to 52 million units by 2021, with a compound annual growth rate of 6.47% [75]. Financial Performance - The company's revenue for 2018 reached ¥744.76 million, an increase of 11.04% compared to ¥670.70 million in 2017 [40]. - Net profit attributable to shareholders for 2018 was ¥158.78 million, reflecting a growth of 13.70% from ¥139.64 million in 2017 [40]. - The net profit after deducting non-recurring gains and losses was ¥145.28 million, up 22.40% from ¥118.70 million in the previous year [40]. - The total assets at the end of 2018 amounted to ¥1.70 billion, a 12.61% increase from ¥1.51 billion at the end of 2017 [40]. - The net assets attributable to shareholders increased by 10.44% to ¥1.38 billion from ¥1.25 billion in 2017 [40]. - The basic earnings per share for 2018 was ¥0.7939, representing an 11.33% increase from ¥0.7131 in 2017 [40]. - The company reported a net cash flow from operating activities of ¥137.72 million, a decrease of 10.05% compared to ¥153.10 million in 2017 [40]. - The weighted average return on equity for 2018 was 12.04%, unchanged from the previous year [40]. - Quarterly revenue for Q4 2018 was ¥209.26 million, showing a consistent upward trend throughout the year [41]. Investment and Expansion Plans - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [40]. - The company is expanding its business into high-end aviation equipment manufacturing and industrial automation, with a focus on the automotive precision parts project, expected to partially commence operations in the second half of 2019 [50]. - The company plans to invest up to 300 million RMB in the "Automotive Precision Components Project (Phase I)" to expand production capacity and upgrade technology [98]. - The company is focusing on the development of advanced power systems, active safety systems, and new energy vehicle technologies to align with industry trends [153]. - The company aims to develop the new energy vehicle industry, with a focus on turbocharger components and aluminum structures for electric vehicles, expecting partial production to start in the second half of 2019 [162]. - The company plans to establish a research planning institute to oversee technology development and product planning, as well as manage new industry incubation bases [163]. Supply Chain and Production Management - The company is focused on enhancing its supply chain management and optimizing product structure to mitigate risks from raw material price fluctuations [15]. - The company has established a procurement model that includes a framework for purchasing raw materials and components, ensuring stable supply and cost control [56]. - The production model is based on "sales-driven production," allowing for reduced inventory and faster capital turnover [59]. - The company has implemented a supplier management system to ensure quality and cost-effectiveness, maintaining relationships with multiple suppliers for the same raw materials [57]. - The company has established a strategic cooperation relationship with existing clients for synchronized R&D, aiming to deepen collaboration and expand market share [104]. - The company will optimize its business structure by deepening existing customer relationships and expanding new product sales, while also enhancing production management to improve resource utilization [164]. Research and Development - The company emphasizes continuous product development to enhance competitiveness and pricing power in response to market demands [19]. - The company has accumulated a leading level of technical reserves and R&D capabilities, which are crucial for future performance stability and sustainable development [73]. - The company is developing new products such as intelligent processing lines for turbochargers and hydrogen fuel electric turbo compressors to enhance market competitiveness [132]. - The company's R&D investment in 2018 amounted to ¥33,552,479.36, representing 4.51% of total revenue [132]. - The number of R&D personnel was 137, accounting for 12.38% of the total workforce [132]. Dividend Policy and Shareholder Returns - The company has a profit distribution plan to distribute cash dividends of 1.60 RMB per 10 shares to all shareholders, with no bonus shares issued [20]. - The cash dividend for 2018 represents 20.15% of the net profit attributable to ordinary shareholders, which is 158,778,554.40 CNY [192]. - The company has maintained a consistent dividend distribution policy over the past three years, with cash dividends of 1.35 CNY, 1.40 CNY, and 1.60 CNY per 10 shares in 2016, 2017, and 2018 respectively [191]. - The company is in a mature development stage and is committed to maintaining shareholder returns while planning for significant capital expenditures [190]. Risks and Challenges - The company recognizes the potential negative impact on its traditional products due to the rapid growth of the new energy vehicle sector [169]. - The automotive industry faces policy risks due to economic downturns, which may impact the company's order volume and inventory levels [169]. - The company has been affected by international trade environment changes, particularly due to the US-China trade tensions, which have had a negative impact on its international business [172][173]. - The company anticipates a potential annual price decline of 1%-5% in the automotive parts industry, which could adversely affect its profitability if cost control does not improve [178]. - The company exports over 30% of its revenue, primarily in USD, making it vulnerable to exchange rate fluctuations [179].

无锡贝斯特精机股份有限公司 2018 年第三季度报告全文 无锡贝斯特精机股份有限公司 2018 年第三季度报告 2018-061 2018 年 10 月 1 无锡贝斯特精机股份有限公司 2018 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完 整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曹余华、主管会计工作负责人许小珠及会计机构负责人(会计主管人员)许小 珠声明：保证季度报告中财务报表的真实、准确、完整。 2 无锡贝斯特精机股份有限公司 2018 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 1,636,014,818.18 | 1,506,190,947.16 | | 8.62% | | 归属于上市公司股东的净资产 | ...

Financial Performance - Total revenue for the reporting period reached ¥343,473,012.37, an increase of 19.64% compared to ¥287,090,512.94 in the same period last year[27]. - Net profit attributable to shareholders was ¥68,689,539.16, up 17.29% from ¥58,564,981.10 year-on-year[27]. - Net profit after deducting non-recurring gains and losses was ¥60,990,932.41, reflecting a significant increase of 30.30% from ¥46,808,354.49 in the previous year[27]. - Basic earnings per share increased by 12.37% to ¥0.3434 from ¥0.3056 year-on-year[27]. - Total assets at the end of the reporting period were ¥1,563,881,648.92, representing a growth of 3.83% from ¥1,506,190,947.16 at the end of the previous year[27]. - The net assets attributable to shareholders increased by 3.25% to ¥1,294,219,482.31 from ¥1,253,430,881.82 at the end of the previous year[27]. - The net cash flow from operating activities was negative at -¥10,692,013.77, a decline of 120.75% compared to ¥51,528,472.00 in the same period last year[27]. - Operating costs increased by 20.89% to ¥213.98 million from ¥176.99 million year-over-year[53]. - Research and development expenses rose by 24.30% to ¥12.27 million, up from ¥9.87 million in the previous year[53]. Market and Industry Risks - The company reported a significant reliance on the automotive industry, with revenue primarily derived from providing components for turbochargers and engines, indicating vulnerability to macroeconomic fluctuations[5]. - The company faces risks from raw material price fluctuations, which could directly affect profit margins and operational activities[10]. - The automotive parts industry typically experiences annual price reductions of 1%-5% over 3-5 years, which could negatively impact the company's performance if cost control does not keep pace[11]. - The company is exposed to international trade risks, particularly due to the ongoing US-China trade tensions, with potential tariffs affecting approximately $50 billion worth of goods, although the immediate impact on the company's exports has been minimal[86]. - The company faces risks from the automotive industry's cyclical nature, which significantly correlates with macroeconomic fluctuations, potentially leading to reduced orders and inventory buildup[84]. Strategic Initiatives - The company plans to extend its business into high-end aviation and new energy vehicles, leveraging its technological advantages in precision parts processing and flexible automation[6]. - The company aims to enhance its competitive edge by accelerating technological, marketing, and management innovations in response to international trade risks[9]. - The company is actively expanding its market presence and deepening customer relationships through strategic collaborations and product development[47]. - The company is focusing on smart manufacturing and has made significant advancements in automation and digitalization, aligning with national policies promoting industrial upgrades[44]. - The company plans to continue its wealth management strategy with a focus on maximizing returns while managing risks[76]. Innovation and Development - The company filed for 5 national patents during the reporting period, including 3 invention patents and 2 utility model patents, emphasizing its commitment to innovation[46]. - The company has established a robust talent management system to enhance human resource efficiency and foster innovation[51]. - The company is focused on continuous product development to improve competitiveness and pricing power in response to market pressures[89]. Financial Management and Investments - The company has committed to not distributing cash dividends or issuing bonus shares, focusing instead on reinvestment[13]. - The company made a significant equity investment of ¥16 million in Wuxi Xudian Technology, acquiring a 20% stake[66]. - The total investment amount for the reporting period was approximately ¥150.51 million, representing a 217.50% increase compared to the previous year[64]. - The company has engaged in multiple non-principal guaranteed floating income wealth management products, with amounts ranging from CNY 1,000 million to CNY 5,000 million[73]. - The company has a strategy of diversifying its wealth management through various banks, including China CITIC Bank and China Merchants Bank[75]. Compliance and Governance - The company has not reported any overdue amounts for its entrusted wealth management products[70]. - The company has not undergone any bankruptcy reorganization during the reporting period[101]. - There are no major litigation or arbitration matters reported during the period[102]. - The company has confirmed that there are no significant factors affecting its ability to continue as a going concern within the next 12 months from the reporting date[172]. - The company has not conducted any stock incentive plans or employee shareholding plans during the reporting period[110]. Shareholder Information - The company’s total shares amount to 200,000,000, with 66.95% being restricted shares[129]. - The largest shareholder, Wuxi Best Investment Co., Ltd., holds 56.37% of the shares, totaling 112,743,600 shares[134]. - The total number of ordinary shareholders at the end of the reporting period is 22,869[134]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[136].

Financial Performance - The company's operating revenue for 2017 was ¥670,700,348.03, representing a 22.52% increase compared to ¥547,411,019.89 in 2016[21]. - The net profit attributable to shareholders for 2017 was ¥139,641,007.33, up 19.40% from ¥116,956,234.50 in 2016[21]. - The net cash flow from operating activities increased by 38.25% to ¥153,103,038.00 in 2017 from ¥110,742,097.55 in 2016[21]. - The total assets at the end of 2017 reached ¥1,506,190,947.16, a 41.65% increase from ¥1,063,348,304.05 at the end of 2016[21]. - The net assets attributable to shareholders rose by 79.82% to ¥1,253,430,881.82 in 2017 from ¥697,046,012.34 in 2016[21]. - The company reported a basic earnings per share of ¥0.7131, a decrease of 8.54% compared to ¥0.7797 in 2016[21]. - The weighted average return on equity for 2017 was 12.04%, down from 18.06% in 2016[21]. - The company reported a total of ¥20,942,614.23 in non-recurring gains for 2017, an increase from ¥11,802,575.93 in 2016[27]. - The company reported a cash dividend of 1.4 yuan per 10 shares, totaling 28 million yuan distributed to shareholders[141]. - The net profit attributable to the parent company for 2017 was approximately 139.64 million yuan, with a total distributable profit of 327.34 million yuan[141]. Business Strategy and Expansion - The company plans to extend its business into high-end aviation, locomotive manufacturing, and new energy vehicles to mitigate risks associated with the automotive industry's cyclical nature[6]. - The company has extended its business into high-end aerospace equipment manufacturing and industrial automation, focusing on precision components and automation products[30]. - The company aims to enhance customer satisfaction by expanding its business structure and focusing on high-end automation processing equipment and precision component manufacturing projects[124]. - The company will leverage capital operations to expand its development space and seek suitable acquisition targets to support its long-term goal of becoming a century-old enterprise[127]. - The company is focused on expanding its smart factory initiatives, aiming for a transition from manual to automated and then to intelligent production processes[73]. - The company is committed to deepening its understanding of customer needs and increasing product integration to enhance product added value[125]. - The company will continue to focus on the automotive industry's transformation towards electrification, intelligence, connectivity, and sharing, providing significant growth opportunities[124]. Risk Management - The company faces risks from macroeconomic fluctuations affecting the automotive industry, which could lead to reduced orders and inventory buildup[5]. - The company is exposed to raw material price volatility, which could directly impact business profits and operations[7]. - The company exports over 30% of its revenue, making it vulnerable to exchange rate fluctuations, particularly with the USD[10]. - The company will closely monitor political and economic conditions in key markets to mitigate foreign exchange risks[10]. - The automotive parts industry typically experiences annual price declines of 1%-5% within 3-5 years of new product supply, which could negatively affect the company's performance if not managed properly[9]. - The company aims to continuously improve efficiency and cost control to counteract the effects of product price declines[135]. Technological Innovation - The company emphasizes the importance of technological advantages and flexible production capabilities in its strategic development goals[6]. - The company has developed an automated drilling and riveting system for aircraft fuselages in collaboration with Nanjing University of Aeronautics and Astronautics[32]. - The company signed a contract with SAIC General Motors for the automation transformation of processing systems, enhancing production efficiency and reducing labor costs[32]. - The company has independently developed fully automated deburring workstations and intelligent fixtures with sensing and adaptive capabilities, promoting automation and efficiency in production[32]. - A series of new intelligent manufacturing products were launched, including an intelligent production line for turbocharger intermediate shells and fully automatic intelligent fixtures[74]. - The company has developed several new products, including a high-end digital workshop and smart factory, which are expected to enhance production efficiency and economic benefits[97]. Market Position and Customer Relationships - The company has established long-term stable business relationships with renowned manufacturers such as Honeywell, Cummins, and Bosch Mahle, enhancing its market position in the turbocharger and engine components sector[51]. - The company has been recognized as a "High-tech Enterprise" and has received multiple awards for quality management from major clients[63]. - The company’s automated systems have been implemented in projects with major clients like SAIC General, showcasing its capability in providing comprehensive solutions[57]. - The company maintains long-term cooperative relationships with suppliers and customers, ensuring the protection of their legal rights[183]. Financial Management and Investments - The company has a financial policy that is stable, ensuring asset and fund safety, with no instances of major shareholders or related parties occupying company funds[182]. - The company reported a total investment of 1,000 million with a floating income rate of 4.70% for the period ending in November 2017, with a recovery amount of 11.72 million[178]. - The company achieved a recovery of 62.33 million from investment agreements, demonstrating robust financial health[177]. - The company has a total of 4.75% floating income rate on an investment of 1,000 million, with a recovery amount of 16.92 million for the period ending in December 2017[178]. - The company has not engaged in any entrusted loans during the reporting period[180]. - The company has not conducted any significant contracts during the reporting period[181]. Compliance and Governance - The company has established a clear framework for compliance with shareholding commitments post-IPO[144]. - The company’s board of directors has made commitments to ensure compliance with regulations regarding the protection of minority shareholders[152]. - The company has committed to not transferring benefits to other entities or individuals unfairly, ensuring the protection of shareholder interests[152]. - The company has established a plan for stock repurchase to enhance shareholder value, with specific guidelines on the amount and conditions for repurchase[150]. - The company has not experienced any important changes in accounting estimates during the reporting period[156]. - The company has established a complete safety production management system and environmental protection system, achieving various certifications including ISO9001 and ISO14001[187].

Financial Performance - Total revenue for Q1 2018 was CNY 176,668,178.99, representing a 22.17% increase compared to CNY 144,611,497.44 in the same period last year[8] - Net profit attributable to shareholders was CNY 31,483,138.61, a 2.29% increase from CNY 30,777,969.85 year-on-year[8] - The company achieved total operating revenue of 176.67 million CNY, a year-on-year increase of 22.17%[29] - Net profit attributable to shareholders was 31.48 million CNY, reflecting a year-on-year growth of 2.29%[29] - Domestic market sales revenue reached 108.82 million CNY, up 27.95% compared to the same period last year[29] - Foreign market sales revenue was 67.85 million CNY, an increase of 13.91% year-on-year[29] - The total comprehensive income attributable to the parent company for Q1 2018 was ¥31,483,138.61, compared to ¥30,777,969.85 in Q1 2017, reflecting an increase of approximately 2.3%[49] Cash Flow and Liquidity - Net cash flow from operating activities was negative CNY 13,613,241.27, a decline of 142.10% compared to CNY 32,333,730.19 in the previous year[8] - The company reported a net increase in cash and cash equivalents of 25.90 million CNY, a decrease of 38.26% compared to the previous year[31] - Cash inflow from operating activities totaled ¥115,005,787.62 in Q1 2018, a decrease of approximately 5.8% from ¥121,109,770.08 in Q1 2017[49] - The net cash flow from operating activities was negative at -¥13,613,241.27 for Q1 2018, compared to a positive ¥32,333,730.19 in Q1 2017[49] - Cash inflow from investment activities was ¥612,486,562.58 in Q1 2018, significantly higher than ¥144,518,651.14 in Q1 2017, marking an increase of approximately 323.5%[50] - The net cash flow from investment activities was ¥39,510,365.49 in Q1 2018, a turnaround from a negative cash flow of -¥369,903,022.93 in Q1 2017[50] - Cash inflow from financing activities was ¥468,500,000.00 in Q1 2018, compared to no inflow reported in Q1 2017[50] - The net cash flow from financing activities was ¥379,513,043.04 in Q1 2018, indicating a strong financing position compared to previous periods[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,530,873,009.76, up 1.64% from CNY 1,506,190,947.16 at the end of the previous year[8] - Current assets totaled CNY 796,718,115.94, down 5.8% from CNY 846,006,241.97 at the start of the year[41] - The total liabilities decreased to CNY 245,857,458.69 from CNY 252,760,065.34 at the beginning of the year[43] - The equity attributable to shareholders of the parent company increased to CNY 1,285,015,551.07, up from CNY 1,253,430,881.82 at the beginning of the year[44] - The company's total assets as of March 31, 2018, amounted to CNY 1,530,873,009.76, a slight increase from CNY 1,506,190,947.16 at the beginning of the year[42] Expenses and Costs - Main business costs increased by 27.41% due to a significant rise in raw material prices[29] - Period expenses totaled 30.97 million CNY, a year-on-year increase of 28.97%[29] - Total operating costs for Q1 2018 were CNY 144,943,221.05, up 29.5% from CNY 111,958,228.66 in Q1 2017[45] - Sales expenses increased by 121.23% to ¥3,608,580.47, reflecting higher marketing costs[25] Strategic Initiatives and Risks - The company plans to extend its business into high-end aviation, rail vehicle manufacturing, and new energy vehicles to mitigate risks from the automotive industry[11] - The company identified risks related to raw material price fluctuations, which could significantly impact profit margins[12] - The company’s export sales accounted for over 30% of total revenue, exposing it to foreign exchange risks[14] Other Financial Metrics - The company recorded non-recurring gains of CNY 4,108,989.31 during the reporting period[9] - Cash and cash equivalents increased by 151.41% to ¥39,855,312.86 from ¥15,852,594.55 due to the maturity of financial products[24] - Prepayments rose by 76.97% to ¥18,989,971.45, driven by expenditures for new automation projects[24] - Other current assets decreased by 36.09% to ¥225,000,000.00 as funds were redirected to operational and investment activities[24] - The company’s intangible assets increased by 49.44% to ¥89,488,891.35, attributed to the purchase of reserved land[24] - Other non-current assets grew by 63.17% to ¥117,883,190.77, reflecting increased prepayments for projects and equipment[24] Shareholder Information - The company reported a decrease in basic and diluted earnings per share to CNY 0.1574, down 6.25% from CNY 0.1679 in the previous year[8] - Basic and diluted earnings per share for Q1 2018 were both ¥0.1574, down from ¥0.1679 in Q1 2017, indicating a decrease of about 2.9%[49] Audit and Compliance - The company did not undergo an audit for the Q1 2018 report[51]

Financial Performance - The company's operating revenue for 2017 was ¥670,700,348.03, representing a 22.52% increase compared to ¥547,411,019.89 in 2016[22]. - The net profit attributable to shareholders for 2017 was ¥139,641,007.33, up 19.40% from ¥116,956,234.50 in 2016[22]. - The net cash flow from operating activities increased by 38.25% to ¥153,103,038.00 in 2017 from ¥110,742,097.55 in 2016[22]. - The total assets at the end of 2017 reached ¥1,506,190,947.16, a 41.65% increase from ¥1,063,348,304.05 at the end of 2016[22]. - The net assets attributable to shareholders increased by 79.82% to ¥1,253,430,881.82 at the end of 2017 from ¥697,046,012.34 at the end of 2016[22]. - The basic earnings per share for 2017 was ¥0.7131, a decrease of 8.54% compared to ¥0.7797 in 2016[22]. - The company reported a total of ¥20,942,614.23 in non-recurring gains and losses for 2017, compared to ¥11,802,575.93 in 2016[28]. - In 2017, the company achieved a total revenue of RMB 670.70 million, representing a year-on-year growth of 22.52%[72]. - The net profit attributable to shareholders reached RMB 139.64 million, with a year-on-year increase of 19.40%[72]. - The company reported a net profit of 139.64 million RMB for 2017, with a distributable profit of 327.34 million RMB after accounting for reserves and previous distributions[141]. Business Strategy and Expansion - The company plans to extend its business into high-end aviation, rail vehicle manufacturing, and new energy vehicles, leveraging its technological advantages in precision parts processing and flexible automation production lines[6]. - The company has extended its business into high-end aviation equipment manufacturing and industrial automation, focusing on precision components and automation products[31]. - The company is strategically expanding into high-end aerospace equipment manufacturing and related fields, as well as new energy vehicle sectors[73]. - The company aims to enhance customer satisfaction by expanding new business areas, particularly in high-end automation processing equipment and precision component manufacturing[125]. - The company plans to leverage capital operations to expand its business scope and improve product service breadth and depth, focusing on mergers and acquisitions aligned with its strategic goals[128]. Market and Industry Trends - The automotive industry is expected to see significant growth, supported by national policies, which will benefit the automotive parts sector[120]. - The implementation of the National V emission standards is expected to reduce nitrogen oxide emissions from light-duty vehicles by 25%, promoting the development of energy-saving and emission-reducing vehicles[50]. - By 2021, China's annual sales of turbocharged vehicles are projected to reach 13.5 million units, indicating significant growth potential in the turbocharger market[56]. - The automotive parts industry is experiencing a shift towards energy-saving and emission-reducing technologies, driven by stringent government policies[51]. - In 2017, China's automobile production and sales reached 29.01 million and 28.88 million units, respectively, representing year-on-year growth of 3.19% and 3.04%[54]. Risk Management - The company faces risks from raw material price fluctuations, including aluminum, copper, and steel, which could directly impact profit margins and operational activities[7]. - The company has implemented measures to enhance raw material procurement management and supply chain management to mitigate the impact of raw material price volatility[8]. - The company exports over 30% of its revenue, primarily denominated in USD, making it susceptible to exchange rate fluctuations, particularly if the RMB depreciates against the USD[10]. - The company recognizes the risk of policy changes in the automotive industry, which could impact production and sales due to macroeconomic fluctuations[132]. - The company is committed to exploring marketing networks in politically and economically stable regions to mitigate exchange rate risks[137]. Innovation and Technology - The company has developed an automated drilling and riveting system in collaboration with Nanjing University of Aeronautics and Astronautics, aiming for industrialization of the R&D results[33]. - The company has independently developed fully automated deburring workstations and intelligent fixtures with sensing and adaptive functions, promoting automation and efficiency in manufacturing[33]. - The company is focused on building smart factories and transitioning from manual to automated and intelligent production processes, aiming for a more efficient manufacturing model[74]. - The company launched a series of new intelligent manufacturing products, including an intelligent production line for turbocharger intermediate shells and fully automatic intelligent fixtures[75]. - The company is committed to enhancing its intelligent manufacturing capabilities to drive long-term high-quality development[129]. Shareholder and Compliance Matters - The company has proposed a cash dividend of 1.4 RMB per 10 shares, based on a total of 200 million shares, indicating a commitment to returning value to shareholders[10]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, with compliance status marked as normal[145]. - The company has established a commitment to compensate for any losses incurred due to non-compliance with the commitment to avoid competition[147]. - The company has reported that all commitments made during the asset restructuring process have been fulfilled as of the reporting date[145]. - The company has maintained compliance with environmental discharge standards, ensuring that pollutants are treated and monitored effectively[189]. Environmental and Social Responsibility - The company has established a complete safety production management system and environmental protection system, certified by ISO/TS16949:2009, ISO9001:2008, AS9100C, ISO14001, and ISO18001[188]. - The company produced major pollutants including waste gas, wastewater, noise, and solid waste, and has implemented strict environmental protection measures in compliance with Chinese environmental laws[189]. - During the reporting period, the company's environmental protection facilities operated normally, with no major environmental pollution incidents or penalties from regulatory authorities[190]. - The company aims to enhance its corporate governance structure and operational norms to create value for shareholders while contributing to society[185]. - The company emphasizes the protection of employee rights, providing competitive salaries and benefits while adhering to labor laws[184].

无锡贝斯特精机股份有限公司 2017 年第三季度报告全文 无锡贝斯特精机股份有限公司 2017 年第三季度报告 2017-063 2017 年 10 月 1 无锡贝斯特精机股份有限公司 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。 公司负责人曹余华、主管会计工作负责人许小珠及会计机构负责人(会计主 管人员)许小珠声明：保证季度报告中财务报表的真实、准确、完整。 2 无锡贝斯特精机股份有限公司 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 无锡贝斯特精机股份有限公司 2017 年第三季度报告全文 | | | 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） | 1,440,908,953.29 | 1,063,348,3 ...