Financial Performance - Total revenue for the first quarter was ¥192,833,167.81, an increase of 4.25% compared to ¥184,974,995.97 in the same period last year[7] - Net profit attributable to shareholders decreased by 48.11% to ¥5,590,031.52 from ¥10,773,130.73 year-on-year[7] - Net profit after deducting non-recurring gains and losses fell by 50.59% to ¥5,188,038.08 compared to ¥10,500,438.35 in the previous year[7] - Basic and diluted earnings per share decreased by 72.73% to ¥0.030 from ¥0.11 year-on-year[7] - The company reported a total of CNY 604,385.86 in other income for Q1 2019, significantly higher than CNY 83,249.99 in Q1 2018[43] - The total comprehensive income for the first quarter was CNY 3,771,240.16, compared to CNY 5,320,811.26 in the previous period, indicating a decrease[50] Cash Flow - Operating cash flow improved significantly, with a net cash flow from operating activities of ¥64,133,438.96, a 356.08% increase from -¥25,044,626.87 in the same period last year[7] - Cash received from operating activities increased by 199.31% to 1,262,584.17 yuan from 421,828.91 yuan, mainly due to government subsidies received[18] - Cash paid for purchasing goods and services decreased by 45.36% to 97,197,517.57 yuan from 177,899,485.84 yuan, attributed to inventory reduction[18] - Cash inflow from operating activities totaled CNY 215,484,693.60, while cash outflow was CNY 151,351,254.64, resulting in a net cash flow of CNY 64,133,438.96[52] - The company reported a net cash flow from investing activities of -CNY 36,096,051.96, down from CNY 14,316,722.86 in the previous period[53] - Cash inflow from financing activities was CNY 81,000,000.00, compared to CNY 30,000,000.00 in the previous period, reflecting an increase in borrowing[53] - The cash and cash equivalents at the end of the period amounted to CNY 127,329,664.06, up from CNY 66,621,399.49 in the previous period[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,028,772,362.99, a decrease of 1.22% from ¥1,041,429,401.52 at the end of the previous year[7] - Current assets decreased from ¥620,875,719.36 to ¥610,387,519.20, a decline of approximately 2.4%[34] - Accounts receivable decreased from ¥274,787,964.85 to ¥246,212,523.25, a reduction of about 10.5%[34] - Inventory decreased from ¥205,234,097.05 to ¥163,512,659.82, representing a decline of approximately 20.3%[34] - Total liabilities decreased from ¥522,377,944.27 to ¥504,009,695.45, a decline of approximately 3.5%[36] - Owner's equity increased from ¥519,051,457.25 to ¥524,726,386.82, an increase of about 1.3%[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,227[10] - The largest shareholder, Sun Ruiliang, holds 40.96% of the shares, amounting to 73,732,500 shares, which are currently frozen[10] Operational Insights - The company faces risks from fluctuations in raw material prices, particularly copper and phenolic resin, which account for over 50% of production costs[22] - The company is adapting to market changes driven by new technologies, particularly the impact of brushless motors on the commutator industry, presenting both challenges and opportunities[22] - The company plans to enhance management capabilities through technological innovation and lean transformation to mitigate operational risks[23] - The overall production capacity is currently sufficient to meet order demands without significant adverse effects on operations[27] Investment and Project Management - The company reported a total investment of CNY 15,215.2 million in committed investment projects, with a completion rate of 100% for several projects[27] - The Jiangsu Shengke Mechatronics Technology Co., Ltd. project for producing 75 million directional valves has not met planned progress due to capacity and demand alignment issues[27] - The company has adjusted the implementation schedule for certain projects, postponing them to March 20, 2019, to avoid potential overcapacity and fund wastage[27] - The Ningbo Shengke directional valve project has been changed to a production capacity of 30 million fully plastic directional valves, with the project expected to reach operational status by the end of the month[27] Compliance and Management - The company has not reported any violations regarding external guarantees during the reporting period[29] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[30] - The company has maintained a strict management of raised funds, ensuring all unused funds are stored in a dedicated bank account[28] - The company has optimized project progress planning to enhance management performance and resource integration[27]

华瑞电器股份有限公司 2018 年第三季度报告 华瑞电器股份有限公司 2018 年第三季度报告 2018-072 1 华瑞电器股份有限公司 2018 年第三季度报告 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。 公司负责人孙瑞良、主管会计工作负责人和鸣及会计机构负责人(会计主管 人员)陈静宝声明：保证季度报告中财务报表的真实、准确、完整。 2 华瑞电器股份有限公司 2018 年第三季度报告 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） | 986,195,342.60 | 919,126,805.02 | | 7.30% | | 归属于上市公司股东的净资产 （元） | 509,813,921.59 | ...

华瑞电器股份有限公司 2018 年半年度报告全文 华瑞电器股份有限公司 2018 年半年度报告 2018-057 2018 年 08 月 1 华瑞电器股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报 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。 公司负责人孙瑞良、主管会计工作负责人和鸣及会计机构负责人 (会计主管人员)陈静宝声明：保证本半年度报告中财务报告的真实、 准确、完整。 所有董事均亲自出席了审议本次半年报的董事会会议。 公司在本报告"第四节经营情况讨论与分析"之第十部分"公司 面临的风险和应对措施"部分，详细描述了公司经营中可能存在的风 险，敬请投资者关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 华瑞电器股份有限公司 2018 年半年度报告全文 目 录 | 第一节 | 重要提示、目录和释义 …………………………………………………………… | 2 | | --- | --- | --- | | 第二节 | 公司简介和主要财务指标…………………… ...

华瑞电器股份有限公司 2018 年第一季度报告全文 华瑞电器股份有限公司 2018 年第一季度报告 2018-034 2018 年 04 月 1 华瑞电器股份有限公司 2018 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人孙瑞良、主管会计工作负责人练红舟及会计机构负责人(会计主 管人员)陈静宝声明：保证季度报告中财务报表的真实、准确、完整。 2 华瑞电器股份有限公司 2018 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | | --- | --- | --- | --- | --- | | 营业总收入（元） | 184,974,995.97 | 154,861,611.37 | | 19.45% | | 归属于上市公司股东的净利润（元） | 10,773,130. ...

Financial Performance - The company's operating revenue for 2017 was ¥834,293,077.79, representing a 21.34% increase compared to ¥687,569,557.54 in 2016[17]. - The net profit attributable to shareholders for 2017 was ¥56,919,108.11, a 44.07% increase from ¥39,506,874.35 in 2016[17]. - The net profit after deducting non-recurring gains and losses was ¥51,422,916.12, up 57.53% from ¥32,643,066.44 in 2016[17]. - The company's total assets at the end of 2017 were ¥919,126,805.02, a 15.05% increase from ¥798,883,179.54 at the end of 2016[17]. - The net assets attributable to shareholders increased by 77.01% to ¥484,967,328.76 at the end of 2017 from ¥273,970,453.67 at the end of 2016[17]. - The company's debt-to-asset ratio improved to 47.24%, a decrease of 18.47% compared to the previous year[43]. - Total revenue reached 834 million RMB, representing a year-over-year growth of 21.34%[43]. - Main business income was 659 million RMB, an increase of 14.34% compared to the previous year[43]. - Net profit amounted to 56.92 million RMB, reflecting a significant growth of 44.07% year-over-year[43]. - Total assets increased to 919 million RMB, marking a growth of 15.05% from the previous year[43]. - Net assets rose to 485 million RMB, showing a substantial increase of 77.01% year-over-year[43]. Dividend Policy - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares to all shareholders based on a total share capital of 100 million shares as of December 31, 2017, and will also increase capital by 8 shares for every 10 shares held[5]. - The cash dividend represents 100% of the total profit distribution amount, with a distributable profit of 52,273,284 yuan[100]. - The cash dividend for 2017 is 10,000,000 yuan, which is 17.57% of the net profit attributable to the company's ordinary shareholders of 56,919,108.11 yuan[105]. - The company is committed to a stable cash dividend policy, aiming to distribute at least 20% of its distributable profits in cash when conditions permit[96]. - The company has established a differentiated cash dividend policy based on its development stage and major capital expenditure arrangements[99]. Corporate Governance - The company has established a robust governance structure with a board of directors and supervisory board to oversee its operations and strategic direction[5]. - The company's financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management, ensuring accountability[5]. - Independent directors are responsible for reviewing and providing opinions on the profit distribution plan before it is submitted to the shareholders' meeting[99]. - The company ensures that minority shareholders have sufficient opportunities to express their opinions and that their legal rights are fully protected[100]. - The profit distribution policy is consistent with the company's articles of association and relevant regulations[100]. - The board of directors must pass the profit distribution plan by a majority vote before it is submitted for shareholder approval[99]. Market and Product Development - The company has a commitment to innovation in its product development, focusing on advanced technologies in the electrical appliance industry[11]. - The company's future development outlook includes potential market expansion strategies and new product launches[5]. - The company achieved a total sales volume of 244 million commutators, fulfilling its production and operational targets for the year[43]. - The company completed the development of 108 new samples and transitioned 81 products to batch production during the reporting period, enhancing its R&D capabilities[46]. - The company is actively expanding its market share in the automotive motor and home appliance sectors, with a focus on high-end customers[45]. - The company plans to optimize its product and market structure while maintaining its market share in the electric tool commutator sector, and increase R&D efforts in the automotive and home appliance sectors[90]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the annual report, indicating potential risks in future operations[5]. - The company has identified risks related to raw material price fluctuations, which account for over 50% of production costs, potentially impacting gross profit margins[91]. - The company faces competition from major players like Kolektor and Shenzhen Kaizhong Precision Technology, necessitating continuous enhancement of its core competitive advantages[92]. Research and Development - Research and development expenses amounted to 32,681,950.63 yuan, representing an 8.09% increase year-on-year[64]. - The number of R&D personnel increased to 192, accounting for 10.55% of the total workforce[65]. - The company holds 80 domestic patents, including 26 invention patents and 54 utility model patents[37]. - The company has developed a mature production and testing technology for fully plastic products, which is a key component of its competitive edge[93]. Shareholder Information - The company successfully went public on the Shenzhen Stock Exchange on March 20, 2017, marking a new phase in its development[44]. - The largest shareholder, Sun Ruiliang, holds 40.96% of the shares, totaling 40,962,500 shares, with 28,000,000 shares pledged[155]. - The company reported a total shareholding limit of 25% for executives during their tenure[108]. - The company will announce any share reduction plans five trading days in advance[108]. Internal Control and Compliance - The company has a robust internal control system in place to ensure healthy operations moving forward[192]. - The company maintained independence from its controlling shareholder in business, personnel, assets, organization, and finance[193]. - The company has not faced any disciplinary actions from regulatory authorities regarding internal control issues during the reporting period[192]. - The board of directors has confirmed that there are no non-standard audit reports for the reporting period[113].

华瑞电器股份有限公司 2017 年第三季度报告全文 华瑞电器股份有限公司 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。 公司负责人孙瑞良、主管会计工作负责人练红舟及会计机构负责人(会计主 管人员)陈静宝声明：保证季度报告中财务报表的真实、准确、完整。 1 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 孙建红 独立董事 因公出差 郑曙光 华瑞电器股份有限公司 2017 年第三季度报告全文 2017 年第三季度报告 2017-056 第二节 公司基本情况 2017 年 10 月 华瑞电器股份有限公司 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 单位：元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准备的冲销部 | -72,965.03 | | | 分） | | | | 计入当 ...

Financial Performance - Total operating revenue for the first half of 2017 was CNY 386,279,892.51, representing a 21.88% increase compared to CNY 316,922,075.91 in the same period last year[20]. - Net profit attributable to shareholders of the listed company reached CNY 25,977,301.25, a 67.18% increase from CNY 15,538,889.86 in the previous year[20]. - Net profit after deducting non-recurring gains and losses was CNY 21,721,397.46, up 96.84% from CNY 11,035,146.17 year-on-year[20]. - Basic earnings per share increased to CNY 0.26, a rise of 23.81% compared to CNY 0.21 in the previous year[20]. - The total profit reached 37.22 million yuan, with a significant year-on-year increase of 104.81%, while net profit was 25.98 million yuan, up 67.18%[40]. - The main business income from core products was 302.25 million yuan, reflecting a growth of 14.42% compared to the previous year[40]. - The company reported a net profit of 154.0 million, which is an increase of 129.0 million compared to the previous period[149]. - The company reported a significant increase in cash and cash equivalents, with a total of $500 million, representing a 20% increase year-over-year[193]. - The revenue for the first half of 2017 reached $1.2 billion, reflecting a 15% growth compared to the same period last year[197]. - The company reported a net income of $150 million for the first half of 2017, up 12% from the same period last year[197]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 912,500,803.86, reflecting a 14.22% increase from CNY 798,883,179.54 at the end of the previous year[20]. - Total liabilities decreased to CNY 458,475,281.96 from CNY 524,912,725.87, a reduction of about 12.6%[127]. - The company's equity increased to CNY 454,025,521.90 from CNY 273,970,453.67, representing a growth of approximately 65.5%[128]. - The total assets at the end of the period amount to 454.0 million, up from 140.6 million in the previous year[150]. - The total number of shares increased from 75 million to 100 million after the issuance of 25 million new shares on March 20, 2017[105]. - The total share capital increased from 75 million shares to 100 million shares following the IPO, impacting the basic and diluted earnings per share, which both stood at RMB 0.26, a year-on-year increase of 23.81%[106]. Cash Flow - The net cash flow from operating activities was negative CNY 42,717,915.52, a decline of 186.56% compared to a positive CNY 49,349,731.59 in the same period last year[20]. - Cash and cash equivalents increased significantly to CNY 139,932,541.29 from CNY 60,901,155.62, reflecting a growth of approximately 129.5%[125]. - The net cash flow from financing activities was 143,544,184.01 yuan, a turnaround from -20,445,358.33 yuan in the previous period[143]. - The total cash inflow from financing activities amounted to 332,667,081.24 yuan, compared to 157,010,803.15 yuan in the prior period, indicating a significant increase[143]. - The net increase in cash and cash equivalents for the period was 97,041,385.67 yuan, compared to 5,681,551.93 yuan in the previous period[143]. Market Position and Strategy - The company has established a strong market presence in the electric tool sector, serving major clients such as Johnson Electric and Bosch[27]. - The company is actively expanding its market share in automotive motors and household appliances, particularly in starter motor commutators[40]. - The company plans to expand its market presence and invest in new product development to drive future growth[135]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% over the next year[197]. - The company anticipates a revenue guidance of $2.5 billion for the full year 2017, representing a 10% increase from previous estimates[197]. Research and Development - Research and development investment amounted to 139.18 million yuan, a decrease of 7.27% year-on-year, indicating a focus on cost management[44]. - The company has invested $50 million in research and development for new technologies, aiming to enhance product efficiency by 15%[197]. Risks and Challenges - The company faces various operational risks, which are detailed in the report[5]. - The main risk faced by the company is the fluctuation in raw material prices, which account for over 50% of production costs[70]. - The company operates in a highly competitive environment with numerous domestic manufacturers, posing a risk to its market position[71]. - Labor costs represent 31.7% of the main business costs, and there is a risk of rising labor costs due to demographic changes and economic factors[72]. - The company faces management risks due to the increasing complexity of operations and market expansion, which may affect its adaptability and competitiveness[74]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,294[109]. - The largest shareholder, Sun Ruiliang, holds 40.96% of the shares, totaling 40,962,500 shares[110]. - The second-largest shareholder, Shanghai Lianchuang Yongyi Investment Center, holds 11.54% of the shares, totaling 11,537,500 shares[110]. - The company did not experience any changes in its controlling shareholder or actual controller during the reporting period[112]. Financial Reporting and Compliance - The company prepares financial statements based on the going concern assumption and adheres to the accounting standards and guidelines[165]. - The financial statements are prepared in accordance with the accounting standards, reflecting the company's financial position, operating results, changes in equity, and cash flows accurately[168]. - The company has not reported any changes in accounting policies or prior period error corrections, maintaining consistency in financial reporting[149].

华瑞电器股份有限公司 2017 年第一季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 除独立董事孙建红因个人身体原因缺席本次会议以外，其他董事均亲自出 席审议了本次季报的董事会会议。 公司负责人孙瑞良、主管会计工作负责人练红舟及会计机构负责人(会计主 管人员)陈静宝声明：保证季度报告中财务报表的真实、准确、完整。 2 华瑞电器股份有限公司 2017 年第一季度报告全文 华瑞电器股份有限公司 2017 年第一季度报告 2017 年 04 月 1 华瑞电器股份有限公司 2017 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业总收入（元） | 154,861,611.37 | 135,950,148.99 | 13.91% | ...

Financial Performance - Total revenue for Q1 2017 was CNY 154,861,611.37, representing a 13.91% increase compared to CNY 135,950,148.99 in the same period last year[6] - Net profit attributable to shareholders reached CNY 4,497,228.09, a significant increase of 3,214.53% from CNY 135,682.09 year-on-year[6] - The net profit after deducting non-recurring gains and losses was CNY 4,303,321.48, up 5,518.38% from CNY 76,593.67 in the previous year[6] - Basic and diluted earnings per share were both CNY 0.04, reflecting a 2,122.22% increase from CNY 0.0018 in the same quarter last year[6] - Operating profit surged to CNY 7,662,022.92, a staggering increase of 3,885.30% compared to CNY 192,257.32 in the same period last year, driven by increased revenue and improved gross margin[19] - Total profit for the period was CNY 7,909,817.40, a significant rise of 2,925.27% from CNY 261,458.36, driven by increased operating income[19] - The total profit reached 7.91 million yuan, reflecting a significant year-on-year growth of 2925.2%[23] - Net profit amounted to 4.50 million yuan, with a remarkable year-on-year increase of 3214.53%[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 972,298,720.82, a 21.71% increase from CNY 798,883,179.54 at the end of the previous year[6] - Current liabilities totaled CNY 508.58 million, an increase from CNY 489.65 million, showing a rise of about 3.8%[37] - The company's equity attributable to shareholders reached CNY 432.55 million, significantly higher than CNY 273.97 million at the start of the year, marking an increase of approximately 58.1%[39] - Total assets increased by 30.82% to CNY 223,121,072.94, mainly due to an increase in inventory and materials[18] Cash Flow - The net cash flow from operating activities was negative CNY 22,529,963.39, a decline of 146.10% compared to CNY 48,873,451.59 in the same period last year[6] - The cash flow from operating activities for Q1 2017 was negative at CNY -22,529,963.39, a decrease from CNY 48,873,451.59 in Q1 2016[53] - The cash outflow from operating activities totaled 123,341,432.40 yuan, significantly higher than 61,109,393.42 yuan in the previous period[57] - Cash inflow from operating activities was 99,816,619.69 yuan, down from 103,473,308.43 yuan in the previous period[57] - The company experienced a net increase in cash and cash equivalents of 150,941,937.26 yuan during the period, compared to 20,257,654.29 yuan in the previous period[58] Shareholder Information - The top shareholder, Sun Ruiliang, holds 40.96% of the shares, with a total of 40,962,500 shares[12] - The company reported no overdue commitments from controlling shareholders or related parties during the reporting period[25] Operational Insights - The company has not made significant adjustments to its annual business plan during the reporting period, which has been effectively executed[24] - The company has not encountered any major risk factors or operational difficulties that would adversely affect future operations[24] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[44] Risks and Challenges - The company faces risks related to macroeconomic fluctuations, raw material price volatility, and technological updates[9][10] Government Support - The company received government subsidies amounting to CNY 195,805.31 during the reporting period[7] Procurement and Sales - The procurement amount from the top five suppliers was 98.90 million yuan, accounting for 73.71% of total procurement, compared to 68.46% in the same period last year[23] - Sales to the top five customers totaled 41.53 million yuan, representing 26.82% of total sales, up from 24.40% year-on-year[24] Tax and Expenses - The company reported a tax expense of CNY 3,412,589.31 for Q1 2017, compared to CNY 125,776.27 in Q1 2016, indicating a significant increase in tax obligations[45] - The company reported a 51.73% increase in taxes paid, amounting to CNY 12,819,921.46, reflecting higher tax obligations during the period[22] Miscellaneous - The report for the first quarter was not audited[59]