证券代码：300670 证券简称：大烨智能 公告编号：2018-089 江苏大烨智能电气股份有限公司 2018年半年度报告的补正公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 江苏大烨智能电气股份有限公司（以下简称"公司"）于2018年8月28 日披露了《2018年半年度报告全文》及摘要。因公司在2017年年度报告中公 司进行利润分配，每10股派息2元（税前），以资本公积金转增股本，每10 股转增8股，公司注册资本增至19440万元。公司在《2018年半年度报告全文 》中，有一处基本每股收益和稀释每股收益的计算是以分红前注册资本10800 万元计算，现作出修正，用新股本19440万元计算。具体如下： 《2018年半年度报告全文》"第二节、公司简介和主要财务指标"的" 四、主要会计数据与财务指标" | | 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） | 141,732,231.33 | 141,215,148.53 | 0.37% | | 归属于上市 ...

Financial Performance - The company achieved a revenue of CNY 79.21 million in Q3 2018, representing a 13.5% increase compared to the same period last year[17]. - The net profit for Q3 2018 was CNY 8.98 million, a decrease of 28.66% year-over-year, while the net profit for the first three quarters was CNY 22.60 million, down 32.08% from the previous year[9]. - Total operating revenue for Q3 2018 was CNY 79,211,602.19, an increase of 13.5% compared to CNY 69,787,561.62 in the same period last year[33]. - Net profit for Q3 2018 was CNY 8,978,446.72, a decrease of 28.5% from CNY 12,585,318.29 in Q3 2017[34]. - The total profit for Q3 2018 was CNY 26,216,691.66, down 32.5% from CNY 38,816,153.77 in the same period last year[38]. - The basic earnings per share for Q3 2018 was CNY 0.0462, down 28.59% year-over-year[9]. - The company reported a basic and diluted earnings per share of CNY 0.1162, down from CNY 0.2054 in the same quarter last year[39]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 758.31 million, reflecting a 3.00% increase from the end of the previous year[9]. - Total liabilities for Q3 2018 were CNY 183,732,174.09, an increase from CNY 162,642,651.97 in the same period last year[31]. - The company’s total liabilities increased by 39.09% to CNY 128,942,453, indicating adjustments in payment terms with some suppliers[19]. - Total cash and cash equivalents at the end of Q3 2018 were CNY 34,708,473.98, a decrease from CNY 49,464,813.02 at the end of Q3 2017[44]. Cash Flow - The operating cash flow for the first three quarters decreased by CNY 52.06 million compared to the same period last year, primarily due to increased accounts receivable from new State Grid customers[17]. - Cash received from operating activities increased by 31.00% to CNY 35,845,321, reflecting a larger recovery of bidding deposits[20]. - The cash flow from operating activities showed a net outflow of CNY 60,442,020.65, worsening from a net outflow of CNY 8,377,534.78 in the previous year[42]. - Investment activities generated a net cash inflow of CNY 67,157,642.49, a significant improvement from a net outflow of CNY 261,399,905.92 in Q3 2017[43]. Expenses - Total operating costs for Q3 2018 were CNY 69,446,744.81, up 22.6% from CNY 56,599,716.75 in Q3 2017[33]. - Sales expenses rose by CNY 4.889 million in the first three quarters, attributed to increased travel, bidding, and transportation costs as the service market expands[18]. - The company incurred total sales expenses of CNY 14,904,765.00, an increase of 48.8% compared to CNY 10,015,725.35 in Q3 2017[38]. - Research and development expenses for Q3 2018 were CNY 3,686,845.15, an increase from CNY 2,959,273.83 in Q3 2017[33]. - R&D expenses increased by CNY 3.092 million in the first three quarters due to ongoing investments in new market areas and participation in non-state grid centralized bidding[18]. - Research and development expenses increased to CNY 8,936,145.23, up 52.5% from CNY 5,844,079.40 in Q3 2017[38]. Market Position and Orders - The company ranked 14th among 606 suppliers in the State Grid's bidding for distribution network equipment, with current orders amounting to CNY 350 million[17]. - The company has expanded its market presence in Shanghai, Hunan, and Henan, focusing on technology, quality, and service improvements[17]. Other Financial Metrics - The weighted average return on equity was 1.57%, a decrease of 3.39% compared to the previous year[9]. - The company received government subsidies totaling CNY 1.46 million during the reporting period, which were included in the current profit and loss[10]. - Interest income for the first three quarters increased by CNY 816.84 thousand compared to the previous year, mainly from cash management of raised funds[17]. - The company reported a financial income of CNY 2,900,841.91 in Q3 2018, compared to a financial expense of CNY 574,872.71 in the same period last year[33]. - The company reported a 913.09% increase in interest income to CNY 9,063,047 due to improved cash management of raised funds[20].

Intellectual Property and Technology - The company has a total of 25 patents and 22 software copyrights, which are crucial for maintaining its market competitiveness[9] - The company emphasizes technology innovation as a core development strategy, integrating high-tech achievements into production[42] - The company has established a professional R&D team of over 40 members, focusing on various projects including distribution network automation terminals and smart medium-voltage switches[43] - The company aims to develop smart distribution network products with independent intellectual property rights, including advanced distribution automation systems and smart medium-voltage switchgear[96] - The company has implemented an effective technical innovation incentive mechanism, linking R&D performance to employee compensation and career advancement[43] Financial Performance - The company's operating revenue for 2017 was CNY 339.81 million, an increase of 8.12% compared to CNY 314.28 million in 2016[26] - The net profit attributable to shareholders for 2017 was CNY 54.92 million, reflecting a slight increase of 0.96% from CNY 54.39 million in 2016[26] - The basic earnings per share for 2017 was CNY 0.5811, down 13.46% from CNY 0.6715 in 2016[26] - The weighted average return on equity decreased to 13.38% in 2017 from 24.69% in 2016, a decline of 11.31%[26] - The company reported a total of CNY 3.44 million in non-recurring gains for 2017, compared to CNY 3.02 million in 2016[32] Quality Management - The company has established a quality management system compliant with ISO9001:2015, ensuring product quality and stability[10] - The company has not experienced any product quality disputes, indicating effective quality control measures[10] - The company has established a strict quality control management system, having passed ISO9001:2015 certification and various product certifications[48] Market Expansion and Strategy - The company is focused on expanding its business scale while enhancing its management capabilities to mitigate risks associated with growth[12] - The company aims to optimize and upgrade existing products while expanding its market presence[36] - The company plans to enhance its technological innovation in smart distribution networks, focusing on product development in areas such as distribution automation terminals and microgrid control systems[94] - The company will expand its market presence in key regions such as Jiangsu, Shandong, and Tianjin, while also targeting sectors like railways and overseas markets[98] - The company has expanded its market presence, with significant revenue growth in regions such as Beijing (309.77%) and Shandong (96.37%)[58] Human Resources and Talent Development - The company has implemented a competitive compensation system and career development plans to attract and retain technical talent[12] - The company intends to strengthen its talent development strategy to improve core competitiveness, aiming to attract high-level technical and marketing talents[94] - The company has established a comprehensive talent training system to enhance employee capabilities and achieve strategic goals[180] - The total number of employees in the company is 308, with 151 in production, 30 in sales, 63 in technical roles, 5 in finance, 33 in administration, and 26 in management[175] Investment and Cash Flow - The net cash flow from operating activities decreased significantly by 79.28% to CNY 8.03 million from CNY 38.74 million in 2016[26] - The company raised CNY 27,118.89 million through public offerings, with CNY 2,537.14 million utilized for investment projects by the end of 2017[85] - The company has committed to investing a total of 27,118 million RMB in various projects, with 2,537.1 million RMB already invested, representing a completion rate of 9.35%[88] - The company reported investment income of CNY 2,690,931.03, accounting for 4.20% of total profit, indicating a sustainable source of income[78] Corporate Governance - The company maintains a robust corporate governance structure to protect investor rights[139] - The company has established a commitment to comply with relevant laws and regulations regarding share reduction and management[109] - The company has conducted 1 annual general meeting and 3 extraordinary general meetings during the reporting period, all convened by the board of directors[183] - Independent directors attended all board meetings and shareholder meetings, ensuring compliance with governance standards[194] Research and Development - The company has invested heavily in R&D for smart medium-voltage switchgear, leading to increased sales and economic benefits[61] - Research and development projects include the development of a new automatic feeder terminal, which aims to enhance product technology and competitiveness[73] - The company completed prototype testing for a new microgrid controller, which is expected to expand the product line[73] Risk Management - The company has a robust risk management framework to protect its intellectual property and ensure compliance with relevant laws[9] - The company has not experienced any major litigation or arbitration matters during the reporting period[118] - The company has not faced any penalties or rectification situations during the reporting period[119] Shareholder Information - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares and to increase capital reserves by converting 8 shares for every 10 shares held[13] - The cash dividend for the year is set at RMB 2 per 10 shares, with a total cash dividend amounting to RMB 21.6 million, representing 100% of the profit distribution[104] - The company did not propose any cash dividend distribution plan despite having positive profits available for distribution to ordinary shareholders in the reporting period[107] Financial Reporting and Compliance - The company has adhered to the new accounting policies and estimates as mandated by the Ministry of Finance, effective from May 28, 2017[114] - The company has maintained its accounting firm, Tianheng Accounting Firm, for four consecutive years, with an audit fee of 600,000 CNY[117] - The company reported no significant internal control deficiencies during the reporting period[199]

Financial Performance - Total revenue for Q1 2018 was CNY 53,965,489.28, representing a 17.62% increase compared to CNY 45,882,549.59 in the same period last year[9] - Net profit attributable to shareholders was CNY 5,751,024.86, up 73.39% from CNY 3,316,739.24 year-on-year[9] - Net profit after deducting non-recurring gains and losses reached CNY 5,214,144.93, an increase of 88.50% compared to CNY 2,766,085.66 in the previous year[9] - Basic earnings per share rose to CNY 0.0533, reflecting a 30.32% increase from CNY 0.0409 in the same quarter last year[9] - Total operating revenue for the first quarter reached ¥53,965,489.28, an increase of 17.5% compared to ¥45,882,549.59 in the previous period[40] - Net profit for the quarter was ¥5,751,024.86, representing a significant increase of 73.5% from ¥3,316,739.24 in the same period last year[41] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 731,170,871.06, a slight decrease of 0.69% from CNY 736,222,907.01 at the end of the previous year[9] - Total liabilities decreased to ¥151,839,591.16 from ¥162,642,651.97, a reduction of 6.0%[39] - Current assets totaled ¥614,874,903.19, down from ¥636,440,147.92 at the start of the period, indicating a reduction of 3.9%[38] - Non-current assets increased to ¥116,295,967.87 from ¥99,782,759.09, showing a growth of 16.5%[37] Cash Flow - The company reported a net cash flow from operating activities of CNY -26,562,267.69, an improvement of 37.80% from CNY -36,994,482.66 in the same period last year[9] - The company’s cash flow from operating activities increased by 66.71% to 47.47 million yuan, reflecting higher sales receipts[23] - Operating cash inflow for the current period was CNY 54,554,109.28, an increase of 69.5% compared to CNY 32,150,054.05 in the previous period[44] - Total cash outflow from operating activities was CNY 81,116,376.97, compared to CNY 69,144,536.71 in the previous period, an increase of 17.3%[44] - Cash and cash equivalents at the end of the period amounted to 78.93 million yuan, a 44.97% increase from the previous period[23] - Cash and cash equivalents increased to ¥78,932,450.79 from ¥48,740,449.39, reflecting a growth of 62.0%[36] Inventory and Expenses - Inventory rose by 43.39% to 31.55 million yuan, driven by increased orders leading to higher raw material procurement and finished goods[22] - The company reported a significant increase in financial expenses, rising by 1443.84% to -2.92 million yuan due to interest from structured deposits[22] - The company’s long-term deferred expenses decreased by 50% to 76,681.51 yuan, indicating normal amortization[22] - The company’s employee compensation payable decreased by 64.81% to 989,502.71 yuan, as last year's accrued benefits were disbursed this quarter[22] Market and Customer Information - The total sales amount of the top five customers reached ¥34,453,596.34, accounting for 63.84% of the quarterly total sales[26] - The largest customer, State Grid Jiangsu Electric Power Company, contributed ¥14,458,598.98, representing 26.79% of total sales[26] - The company plans to expand its market presence, particularly in Tianjin, where the sales share of State Grid Tianjin Electric Power Company has increased[26] Research and Development - The company’s R&D investment has been enhanced to adapt to the evolving characteristics of smart grid products, contributing to overall performance improvement[24] - The company holds 26 patents and 22 software copyrights, emphasizing its commitment to technology innovation and intellectual property protection[13] - The company is focused on continuous technological updates and product upgrades to maintain and expand its market share in a rapidly changing industry[12] - The company has established a quality management system compliant with ISO9001 standards to ensure product quality and stability[14] Fund Management and Risks - The company has not changed the use of raised funds, with no funds redirected during the reporting period[29] - The company has not reported any significant risks or operational difficulties that could adversely affect future operations[27] - There are no violations regarding external guarantees or non-operational fund occupation by controlling shareholders during the reporting period[31][32] - The company did not undergo an audit for the first quarter report[47]

Financial Performance - Operating revenue decreased by 6.02% to CNY 69,787,561.62 compared to the same period last year[9] - Net profit attributable to shareholders decreased by 5.78% to CNY 12,585,318.29 compared to the same period last year[9] - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 14.49% to CNY 11,229,156.30 compared to the same period last year[9] - Basic earnings per share decreased by 29.35% to CNY 0.1165 compared to the same period last year[9] - Weighted average return on equity decreased by 3.83% to 2.31% compared to the same period last year[9] - Total operating revenue for Q3 2017 was CNY 69,787,561.62, a decrease of 6.3% compared to CNY 74,257,193.82 in the same period last year[30] - Net profit for Q3 2017 was CNY 12,585,318.29, a decline of 5.8% from CNY 13,357,341.39 in Q3 2016[31] - Earnings per share for Q3 2017 was CNY 0.1165, compared to CNY 0.1649 in the same quarter last year, reflecting a decrease of 29.3%[32] - The total comprehensive income for the period was CNY 33,271,127.04, compared to CNY 31,290,691.60 in the previous period, representing an increase of approximately 6.35%[36] - Basic and diluted earnings per share decreased to CNY 0.3697 from CNY 0.3863, reflecting a decline of about 1.70%[36] Asset and Liability Changes - Total assets increased by 79.43% to CNY 693,984,247.54 compared to the end of the previous year[9] - Net assets attributable to shareholders increased by 123.03% to CNY 551,936,376.39 compared to the end of the previous year[9] - Total assets as of the end of Q3 2017 amounted to CNY 693,984,247.54, an increase from CNY 386,771,838.73 year-on-year[29] - The company's total liabilities were CNY 142,047,871.15, up from CNY 139,295,503.41 in the previous year[29] - The capital reserve increased significantly to CNY 290,816,091.98 from CNY 46,627,177.95 year-on-year[29] Cash Flow Analysis - Cash flow from operating activities showed a negative net amount of CNY -8,377,534.78, a decrease of 174.18% compared to the same period last year[9] - Cash inflows from operating activities amounted to CNY 235,094,806.96, up from CNY 210,535,409.27 in the previous period, indicating an increase of approximately 11.66%[39] - The net cash flow from operating activities was negative at CNY -8,377,534.78, compared to a positive CNY 11,294,015.26 in the previous period[39] - Cash inflows from investment activities totaled CNY 508,860,177.50, compared to CNY 400,280,465.33 in the previous period, marking an increase of about 27.14%[40] - The net cash flow from investment activities was CNY -261,399,905.92, a significant decrease from CNY 34,652,663.51 in the previous period[40] - Cash inflows from financing activities were CNY 277,403,400.00, with cash outflows of CNY 742,417.00, resulting in a net cash flow of CNY 276,660,983.00[41] - The ending balance of cash and cash equivalents was CNY 49,464,813.02, down from CNY 64,760,228.68 in the previous period, reflecting a decrease of approximately 23.58%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,097[13] - The largest shareholder, Chen Jie, holds 39.55% of the shares, totaling 42,710,000 shares[13] Other Financial Metrics - Other receivables increased by 34.59% to ¥7,595,668.95 due to increased bidding volume and more bid guarantees issued during the reporting period[17] - Inventory rose by 128.57% to ¥30,663,511.21, attributed to seasonal factors and significant shipments in the fourth quarter[17] - Other current assets surged by 284.83% to ¥338,650,000.00 as funds were raised and structured deposits were purchased[17] - Prepayments increased by 546.15% to ¥168,000.00, reflecting advance payments from direct sales customers during the reporting period[17] - Investment income grew by 166.94% to ¥2,314,419.51, driven by interest income from matured financial products purchased with self-owned funds[17] - The company reported a significant increase in other income by 769.32% to ¥829,161.02, primarily from local government incentives for capital market development[17] Audit Information - The company did not undergo an audit for the third quarter report[42] - The report indicates no net profit from the merged entity prior to the merger, with previous periods also showing zero net profit[36]

Financial Performance - Total revenue for the first half of 2017 was CNY 141,215,148.53, representing a 4.58% increase compared to CNY 135,027,350.59 in the same period last year[21]. - Net profit attributable to shareholders was CNY 20,685,808.75, up 15.35% from CNY 17,933,350.21 year-on-year[21]. - Basic earnings per share increased to CNY 0.2554, reflecting a 15.36% growth from CNY 0.2214[21]. - The company reported a net profit after deducting non-recurring gains and losses of CNY 19,361,670.95, which is a 10.81% increase from CNY 17,472,793.11[21]. - The company reported a net profit for the same period reached 20.55 million yuan, reflecting a growth of 14.60% year-on-year[43]. - The company achieved a gross profit margin of 30.07% across its main products, with significant contributions from smart medium-voltage switchgear, which saw a revenue increase of 95.82%[44]. - The comprehensive income for the period was CNY 20,685,808.00, reflecting the company's performance during the half-year[133]. Cash Flow and Assets - Net cash flow from operating activities was negative CNY 23,095,770.45, a decline of 143.64% compared to negative CNY 9,479,391.40 in the previous year[21]. - Cash and cash equivalents increased significantly by 1001.34% to 275.30 million yuan, attributed to the successful IPO fundraising[44][47]. - The ending balance of cash and cash equivalents reached CNY 295,313,783.99, compared to CNY 27,485,933.57 at the end of the previous period[130]. - Total assets at the end of the reporting period reached CNY 687,945,277.66, a significant increase of 77.87% from CNY 386,771,838.73 at the end of the previous year[21]. - The company's total liabilities increased to CNY 148,594,219.56 from CNY 139,295,503.41, marking a growth of 6.3%[122]. - Owner's equity rose significantly to CNY 539,351,058.10, compared to CNY 247,476,335.32, indicating a growth of 117.5%[122]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares during this reporting period[7]. - The total share capital remained unchanged at 108,000,000 shares as of the reporting date[21]. - The total number of shareholders remains unchanged, with 81 million shares under lock-up conditions[101]. - The largest shareholder, Chen Jie, holds 39.55% of shares, totaling 42,710,000 shares[104]. - The company's shareholding structure includes 41.72% held by domestic legal entities and 58.28% by individual investors[97]. Research and Development - The company has established a strong R&D team of over 40 professionals, focusing on smart distribution network equipment and solutions, enhancing its competitive edge in the industry[31]. - The company holds 21 patents and 22 software copyrights, reflecting its commitment to innovation in relay protection, embedded systems, and communication technologies[34]. - Research and development investment amounted to 2.88 million yuan, a decrease of 53.20% compared to the previous year, primarily due to the completion of older projects[43][41]. - The company plans to enhance its R&D efforts in the second half of 2017, focusing on new technologies such as eco-friendly medium-voltage switchgear and microgrid control technology[41]. Operational and Management Practices - The company has implemented strict quality control measures across all stages of production, ensuring compliance with ISO9001:2015 quality management standards[37]. - The company has a high-efficiency technical innovation incentive mechanism, linking employee performance in R&D to compensation and career advancement[32]. - The company has been recognized as a high-tech enterprise and has achieved AAA credit rating, demonstrating its strong operational and management capabilities[35]. - The company emphasizes the importance of continuous technological updates to maintain market share in the competitive power distribution and control equipment manufacturing industry[64]. Investment and Financing Activities - The company completed its initial public offering (IPO) of 27 million shares at a price of 10.93 RMB per share, increasing total shares from 81 million to 108 million[100]. - The company has committed to invest a total of 27,118.89 million CNY in various projects, with no progress reported as of the end of the reporting period[54]. - The company has not yet utilized any of the raised funds from its IPO for investment projects as of the report date[53]. - The total cash inflow from financing activities amounted to CNY 277,403,400.00, with a net cash flow from financing activities of CNY 277,260,983.00[130]. Compliance and Governance - The semi-annual financial report has not been audited[76]. - There are no significant litigation or arbitration matters during the reporting period[78]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[59][60][61]. - The company has not sold any significant assets or equity during the reporting period[62][63]. - The company has not faced any media scrutiny or regulatory penalties during the reporting period[80][81]. Accounting Policies - The financial statements are prepared based on the actual transactions and events, in accordance with the accounting standards issued by the Ministry of Finance[143]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect its financial position, operating results, and cash flows[144]. - The company recognizes cash and cash equivalents as cash on hand and deposits that are readily available for payment[153]. - The company assesses the carrying amount of financial assets for impairment at the end of the reporting period, recognizing impairment losses when objective evidence indicates a financial asset has suffered impairment[158].