中航证券有限公司 关于西安三角防务股份有限公司 2024 年度内部控制自我评价报告的核查意见 中航证券有限公司（以下简称"保荐机构"）作为西安三角防务股份有限公司 （以下简称"公司"）首次公开发行股票并在创业板上市、创业板向不特定对象发 行可转换公司债券及向特定对象发行股票并在创业板上市的保荐机构及持续督 导机构，根据《证券发行上市保荐业务管理办法》、《深圳证券交易所创业板股票 上市规则》、《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司 规范运作》等有关法律法规和规范性文件的要求，对公司 2024 年度内部控制自 我评价报告进行了审慎核查，具体情况如下： 一、保荐机构进行的核查工作 保荐机构通过多种方式对公司内部控制制度的建立与运行情况进行了核查， 具体包括：与公司董事、监事、高级管理人员及有关人员沟通交流；与公司聘任 的会计师事务所等中介机构相关人员沟通交流；查阅公司董事会、监事会、股东 大会等会议资料、内部审计资料、年度内部控制评价报告、各项业务和管理规章 制度等相关文件；查看生产经营现场等措施；查阅相关信息披露文件等，对公司 内部控制的完整性、合理性和有效性进行了核查。 二、内部控制评 ...

关于西安三角防务股份有限公司 前期财务报表更正事项的 专项鉴证报告 众环专字（2025）0800043号 中文 Tol· 027-86791275 作 Fax 027-85424329 于西安三角防务股份有限公司 新表更正星项的专项鉴证报告 众环专字(2025)0800043 号 西安三角防务股份有限公司全体股东: 我们接受委托,对后附的西安三角防务股份有限公司(以下简称三角防务公司)前期财务报表 更正事项的专项说明(以下简称专项说明)执行了鉴证工作。 三角防务公司管理层的责任是按照中国证券监督管理委员会发布的《公开发行证券的公司信息 披露编报规则第19号 -- 财务信息的更正及相关披露》的要求编制和披露专项说明,并保证专项 说明的内容真实、准确、完整,不存在虚假记载、误导性陈述或重大遗漏。我们的责任是在执行签 证工作的基础上对专项说明提出鉴证结论。 我们按照《中国注册会计师其他鉴证业务准则第 3101 号 -- 历史财务信息审计或审阅以外的 鉴证业务》的相关规定执行了鉴证工作。该准则要求我们遵守中国注册会计师职业道德守则,计划 和执行鉴证工作以对专项说明是否不存在重大错报获取合理保证。在鉴证过程中,我们实施 ...

中航证券有限公司 关于西安三角防务股份有限公司 2024 年度募集资金存放与实际使用情况的核查意见 中航证券有限公司（以下简称"保荐机构"、"中航证券"）作为西安三角防务 股份有限公司（以下简称"三角防务"、"公司"）的持续督导保荐机构，根据《证 券发行上市保荐业务管理办法》《深圳证券交易所创业板股票上市规则》《深圳 证券交易所上市公司自律监管指引第 13 号——保荐业务》《深圳证券交易所上 市公司自律监管指引第 2 号——创业板上市公司规范运作》《上市公司监管指引 第 2 号—上市公司募集资金管理和使用的监管要求》等有关规定，对三角防务 2024 年度募集资金存放和使用情况进行专项核查，具体情况如下： 一、募集资金基本情况 （一）2021 年向不特定对象发行可转换公司债券募集资金 1、实际募集资金金额和资金到账时间 经中国证券监督管理委员会证监许可[2021]1352 号文核准，向不特定对象公 开发行面值总额 904,372,700.00 元可转换公司债券，每张面值人民币 100 元，发 行数量 9,043,727.00 张，期限 6 年。本次发行募集资金共计 904,372,700.00 元， 扣除保荐承 ...

中航证券有限公司 关于西安三角防务股份有限公司 2025 年度日常关联交易预计事项的核查意见 中航证券有限公司（以下简称"保荐机构"）作为西安三角防务股份有限公 司（以下简称"三角防务"、"公司"）持续督导的保荐机构，根据《证券发行上 市保荐业务管理办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所 上市公司自律监管指引第 2 号——创业板上市公司规范运作》等相关规定，对三 角防务 2025 年度日常关联交易预计事项进行了核查，具体核查情况如下： 一、日常关联交易基本情况 （一）日常关联交易概述 鉴于日常生产经营需要，结合市场交易价格综合判断，三角防务及控股子公 司预计2025年度将与关联方西安致远航空科技有限公司（以下简称"致远航空"） 合计发生总金额不超过人民币301.00万元的日常关联交易。 2025 年 4 月 28 日，公司召开第三届董事会第二十四次会议，审议通过《关 于 2025 年度日常关联交易预计的议案》，关联董事严建亚、严健回避表决。本次 关联交易额度在公司董事会审批权限内，无需提交股东大会审议。 本次关联交易不构成《上市公司重大资产重组管理办法》规定的重大资产重 组。 （二）本次日 ...

Financial Performance - The company's revenue for Q1 2024 was ¥510,782,253.68, a decrease of 22.43% compared to ¥658,499,725.61 in the same period last year[5] - Net profit attributable to shareholders was ¥166,845,834.68, down 23.55% from ¥218,228,351.74 year-on-year[5] - Basic and diluted earnings per share decreased by 25.00% to ¥0.30 from ¥0.40 in the same period last year[5] - Total operating costs decreased to ¥303,970,337.17 from ¥370,150,436.30, reflecting a reduction of 18%[19] - Net profit for the period was ¥166,845,834.68, down 23.5% from ¥218,228,351.74 in the previous period[20] Cash Flow - The net cash flow from operating activities was -¥197,308,411.34, a decline of 234.61% compared to ¥146,578,736.27 in the previous year[5] - Total cash inflow from operating activities was 181,421,042.59, down from 445,876,481.23 in the previous period[22] - Cash outflow from operating activities increased to 378,729,453.93 from 299,297,744.96 in the previous period[22] - The net cash flow from investing activities was -57,402,151.78, an improvement from -124,168,856.53 in the previous period[23] - Cash inflow from financing activities was 472,207,993.16, significantly higher than 79,000,000.00 in the previous period[24] - The net cash flow from financing activities increased to 388,394,782.73 from 72,973,210.25 in the previous period[24] - Cash received from tax refunds was 17,407,567.70, slightly down from 19,547,651.18 in the previous period[23] - Cash paid to employees increased to 36,425,109.98 from 29,706,299.07 in the previous period[22] - Cash paid for taxes rose to 45,135,682.01 from 33,482,190.35 in the previous period[22] Assets and Liabilities - Total assets increased by 4.32% to ¥8,627,310,082.80 from ¥8,269,936,884.55 at the end of the previous year[5] - Total liabilities rose to ¥3,024,035,435.85 from ¥2,837,258,831.76, an increase of 6.6%[18] - Non-current liabilities totaled ¥1,018,444,163.14, up from ¥967,643,429.28, indicating a growth of 5.8%[18] - Cash and cash equivalents at the end of the period were ¥3,305,799,738.13, up from ¥3,169,501,795.01 at the beginning of the period[17] - Accounts receivable increased to ¥1,888,425,904.77 from ¥1,551,849,606.61, a rise of 21.7%[17] - Inventory decreased to ¥1,022,644,161.33 from ¥1,095,185,763.02, a decline of 6.6%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 39,605[11] - The largest shareholder, Xi'an Aviation Industry Investment Co., holds 10.90% of shares, totaling 60,000,000 shares, with 30,000,000 shares pledged[11] - The second largest shareholder, Sansen Industrial Investment, holds 6.55% of shares, totaling 36,042,500 shares, with 26,700,000 shares pledged[11] - The company has a total of 18,700,750 restricted shares, with 190,625 shares released during the period[15] - The total number of unrestricted shares held by the top ten shareholders is 60,000,000 shares[12] - The company has a total of 15,369,250 shares held by directors and supervisors, with 0 shares released during the period[15] - The top ten shareholders include a mix of state-owned and private entities, indicating diverse ownership[11] - The total number of shares held by the top ten unrestricted shareholders is 173,000,000 shares[12] - The company has a significant portion of shares pledged, indicating potential liquidity risks for major shareholders[11] Other Financial Metrics - The weighted average return on equity decreased to 3.02% from 4.53% in the previous year[5] - Research and development expenses decreased by 39.56% to ¥10,871,128.10 from ¥17,985,497.00 year-on-year[9] - The net increase in cash and cash equivalents was ¥133,684,219.61, an increase of 40.16% compared to ¥95,383,089.99 in the previous year[9] - The company reported a significant increase in other income, which rose by 1195.76% to ¥11,656,274.90 from ¥899,568.28[9]

Financial Performance - The company's operating revenue for 2024 was CNY 1,589,593,690, a decrease of 30.02% compared to CNY 2,271,472,580 in 2023[16]. - Net profit attributable to shareholders for 2024 was CNY 380,053,359, representing a decline of 49.12% from CNY 747,004,845 in 2023[16]. - The net cash flow from operating activities for 2024 was CNY -570,366,611, a significant decrease of 1,311.77% compared to CNY 425,118,108 in 2023[16]. - Basic earnings per share for 2024 were CNY 0.69, down 49.26% from CNY 1.36 in 2023[16]. - The company reported a net profit of CNY 166,845,834.68 in Q1 2024, with a decline in Q3 showing a loss of CNY -28,698,957.81[19]. - The company reported a significant decline in sales of forged products, with a 28.18% decrease in revenue from forged products amounting to CNY 1,447,080,127.2[57]. - The gross margin for special alloy forging was 33.21%, down 9.92% from the previous year[58]. - The company achieved a total of 965.2 million in revenue from the restricted stock incentive plan initiated in 2022[174]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 550,239,925 shares[3]. - The company distributed cash dividends of RMB 1.82 per 10 shares, totaling RMB 100,142,915.35 for the year 2023[162]. - The total cash dividend amount represents 100% of the profit distribution for the year, with a distributable profit of RMB 2,135,189,769.08[163]. - The company plans to distribute cash dividends of RMB 2.00 per 10 shares for the year 2024, maintaining the same distribution ratio despite potential changes in total share capital[165]. Research and Development - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[5]. - R&D investment amounted to ¥103,333,905.88 in 2024, representing 6.50% of operating revenue, an increase from 4.85% in 2023[70]. - The number of R&D personnel increased by 33.33% to 84, with a notable rise in those under 30 years old by 136.36%[70]. - The company has achieved significant progress in the research and development of high-strength and high-toughness titanium alloy forging technology, with related products already receiving large orders[67]. - The company is collaborating with domestic new material research units to develop domestic high-temperature alloy materials for aviation engine turbine discs[67]. Market and Industry Position - The company is involved in the aerospace and defense equipment manufacturing industry, focusing on special alloy forgings for aircraft structures and engine components[28]. - The company is expected to see overall growth in the military aviation equipment market during the "14th Five-Year Plan" period due to increasing demands for modernization in defense construction[31]. - The company has established deep supply relationships with major manufacturers in the aviation industry and has been recognized as an "excellent supplier" by the Aviation Industry Group for several consecutive years[34]. - The company is actively expanding into overseas markets and sectors such as high-speed rail and chemicals to diversify its customer base and reduce concentration risks[104]. Risk Management - The company has outlined potential risks and corresponding mitigation strategies in the section discussing future development prospects[3]. - The company has faced regulatory scrutiny regarding income accounting and internal control management, leading to adjustments in financial reporting[17]. - The company has reported uncertainty regarding its ability to continue as a going concern, with negative net profits in recent years[18]. - The company faces market risks due to fluctuations in raw material prices, primarily titanium alloys, structural steel, high-temperature alloys, and aluminum, which could adversely affect production[102]. - The accounts receivable balance is significant due to complex payment procedures from large state-owned enterprises, posing liquidity risks and potential bad debt[103]. Corporate Governance - The company maintains a modern corporate governance structure, ensuring independence in assets, personnel, finance, and operations from its controlling shareholders[122]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with relevant regulations[115]. - The company has a performance evaluation and incentive mechanism for senior management, promoting transparency and accountability[119]. - The company has established a complete and independent financial department, enabling independent financial decision-making and tax compliance[123]. - The company has implemented a stock incentive plan, with specific conditions for the release of restrictions on shares[155]. Employee and Community Engagement - The total number of employees at the end of the reporting period is 636, including 411 at the parent company and 225 at major subsidiaries[157]. - The company actively provides employment opportunities, including hiring veterans and accommodating disabled individuals[194]. - The annual training plan aims to develop a skilled workforce aligned with the company's strategic goals[160]. - The company purchased agricultural products worth 342,000 yuan from a cooperative to support rural economic development[194]. Financial Management and Compliance - The company has implemented measures to ensure that executive compensation is linked to the performance of the company's share repurchase policies[198]. - The company has established a dedicated account for the management of raised funds to ensure compliance with regulations[90]. - The company has committed to fulfilling the obligations related to the repurchase measures as per the latest regulations from the China Securities Regulatory Commission (CSRC)[199]. - The company has acknowledged the potential penalties from regulatory bodies if commitments are violated, and is prepared to assume compensation responsibilities for any losses incurred by investors[200].

Financial Performance - The company's operating revenue for 2023 reached ¥2,271,472,583.57, representing a 21.05% increase compared to ¥1,876,491,021.24 in 2022[16]. - Net profit attributable to shareholders for 2023 was ¥747,004,845.37, up 19.58% from ¥624,675,407.22 in 2022[16]. - The net profit after deducting non-recurring gains and losses was ¥700,255,372.27, a 13.45% increase from ¥617,227,373.57 in 2022[16]. - The total assets at the end of 2023 amounted to ¥8,269,936,884.55, an 18.64% increase from ¥6,970,680,290.08 at the end of 2022[16]. - The basic earnings per share for 2023 was ¥1.36, reflecting a 7.94% increase from ¥1.26 in 2022[16]. - The cash flow from operating activities showed a net outflow of ¥40,400,891.02, a significant decline of 109.50% compared to a net inflow of ¥425,118,108.79 in 2022[16]. - The company reported a weighted average return on equity of 14.74% for 2023, down from 22.71% in 2022[16]. - The company received government subsidies amounting to ¥46,709,788.11 in 2023, a significant increase from ¥8,626,249.43 in 2022[21]. - The total net profit for the first quarter of 2023 was ¥218,228,351.74, while the second quarter net profit was ¥202,657,717.51, indicating a stable performance across quarters[18]. Market and Product Development - The company is focused on expanding its market presence and enhancing its product offerings through new technology development[3]. - The company operates in the aerospace and defense manufacturing sector, focusing on special alloy forgings used in aircraft structures and engine components[24]. - The company has developed a 400MN large forging hydraulic press, which is currently the largest single-cylinder precision forging hydraulic press in China, achieving world-advanced performance levels[26]. - The company focuses on titanium alloys, high-temperature alloys, and high-strength steel forging products, maintaining a stable main business without changes[28]. - The company has accumulated 12 invention patents and 13 utility model patents, which are considered leading in the industry and have been fully applied in the military field[31]. - The company has established a stable and high-quality customer base, primarily consisting of defense and military enterprises, ensuring long-term cooperation[32]. - The company has achieved effective cost control through advanced equipment usage, leading to improved work efficiency and reduced production costs[33]. - The company has entered the supplier system of major manufacturers for new generation military equipment, positioning itself favorably in the competitive landscape[33]. - The company has a strong technical research and development capability, with dedicated research centers for large aerospace components and difficult-to-deform materials[31]. - The company’s products are primarily customized, with production based on sales orders, ensuring alignment with customer specifications[29]. Research and Development - Research and development expenses increased by 43.25% to 83,408,101.02, reflecting the company's increased investment in R&D[48]. - The number of R&D personnel increased by 50.00% from 42 in 2022 to 63 in 2023, with the proportion of R&D personnel rising from 9.35% to 11.75%[52]. - R&D investment amounted to ¥110,164,965.79 in 2023, representing 4.85% of operating revenue, up from 3.61% in 2022[52]. - The company is in the key technology research and development phase for high-temperature alloy turbine discs, aiming for new product development[49]. - The company has completed the first batch of forged parts for high-temperature alloy turbine discs, achieving key technology breakthroughs in the forging process[50]. - The company is focusing on the engineering application of new forging technologies to enhance the performance and quality stability of its products[50]. Risk Management - The company emphasizes the importance of risk management and outlines potential risks and countermeasures in its future development outlook[3]. - The company faces unique risks in the military industry, including stringent quality and safety requirements for products[77]. - The company is addressing market risks related to fluctuations in raw material prices, which include titanium alloys, structural steel, high-temperature alloys, and aluminum[77]. - The company is committed to enhancing its product quality and confidentiality systems to mitigate risks associated with military product supply[77]. - The company faces risks related to accounts receivable, with a significant balance due to complex payment procedures from large state-owned enterprises, potentially leading to liquidity pressure and bad debt risks[78]. - The top five customers account for a high proportion of total revenue, indicating a concentration risk that could impact income if any major client experiences operational fluctuations[79]. Corporate Governance - The company has established a comprehensive governance structure to ensure clear responsibilities among the board, supervisory board, and management[148]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[87]. - The supervisory board, comprising 3 members, is responsible for overseeing the actions of directors and management, ensuring compliance and protecting shareholder interests[87]. - The company has a transparent and legally compliant performance evaluation and incentive mechanism for senior management, overseen by the remuneration and assessment committee[5]. - The company has established a compensation and assessment committee to manage remuneration for directors and senior management[111]. - The company has a modern corporate governance structure, including a shareholders' meeting, board of directors, supervisory board, and management team, all operating independently[92]. Shareholder and Financial Policies - The company plans to distribute a cash dividend of 1.82 RMB per 10 shares to all shareholders, based on a total of 550,235,074 shares[3]. - The total cash dividend amount for the year was RMB 100,142,783.47, which accounted for 100% of the total profit distribution[125]. - The company’s cash dividend policy aligns with its articles of association and shareholder resolutions, ensuring transparency and compliance[125]. - The company has a performance-oriented compensation system, adjusting salaries based on job changes and market conditions[121]. - The company has established an annual training plan to develop a skilled workforce aligned with its strategic goals[122]. Social Responsibility - The company actively participates in social responsibility initiatives and has engaged in community activities during the reporting period[150]. - The company purchased agricultural products worth CNY 300,000 from a cooperative in Pengxi County, Sichuan, to support rural economic development[151]. - The company aims to continue its commitment to social responsibility and rural revitalization initiatives in the future[151]. Investment and Expansion - The company is expanding its market share in various helicopter models by developing corresponding forging technologies[50]. - The company is actively pursuing new project developments to increase its market share in the aviation manufacturing sector and expand production capacity[76]. - The company plans to invest CNY 260 million in the aviation engine blade forging project in 2024, with a funding usage progress of 60.77% by the end of 2024[65]. - The company plans to enter the European market by Q3 2024, with an initial investment of $200 million[106]. Internal Control and Compliance - The internal control system has been continuously improved to safeguard the rights and interests of the company and its shareholders[138]. - The internal control audit report received a standard unqualified opinion, indicating compliance with relevant regulations[143]. - The company has maintained effective internal controls related to financial reporting as of December 31, 2023, according to the internal control audit report[142]. - There were no significant deficiencies or material weaknesses identified in the financial reporting controls, with zero instances reported[145].

Financial Performance - The company's operating revenue for Q1 2025 was ¥403,180,666.68, a decrease of 21.07% compared to ¥510,782,253.68 in the same period last year[5] - Net profit attributable to shareholders was ¥128,606,786.31, down 22.92% from ¥166,845,834.68 year-on-year[5] - Basic and diluted earnings per share decreased to ¥0.23, down 23.33% from ¥0.30 in the same period last year[5] - Total operating revenue decreased to ¥403,180,666.68 from ¥510,782,253.68, representing a decline of approximately 21% year-over-year[23] - Net profit for the period was ¥128,606,786.31, down from ¥166,845,834.68, reflecting a decline of approximately 23% year-over-year[24] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to ¥1,039,354.72, compared to a negative cash flow of ¥197,308,411.34 in the previous year, marking a 100.53% increase[5] - Cash inflow from operating activities totaled 241,800,793.33, compared to 181,421,042.59 in the previous period, reflecting an increase of approximately 33%[26] - Cash flow from investing activities resulted in a net outflow of -238,185,889.28, compared to -57,402,151.78 in the previous period, indicating increased investment activity[27] - Cash flow from financing activities showed a net outflow of -3,884,456.82, a decrease from a net inflow of 388,394,782.73 in the previous period, suggesting reduced financing activities[28] - The ending cash and cash equivalents balance was 2,430,026,300.35, down from 3,300,793,028.06 in the previous period, reflecting a decrease of approximately 26%[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,044,834,851.58, a decrease of 1.17% from ¥9,151,899,218.57 at the end of the previous year[5] - Total liabilities decreased to ¥3,158,921,877.22 from ¥3,396,387,132.69, a decline of about 7%[21] - Accounts receivable increased to ¥1,500,811,655.64 from ¥1,312,691,659.53, reflecting an increase of about 14% year-over-year[20] - The total equity attributable to shareholders increased to ¥5,885,912,974.36 from ¥5,755,512,085.88, an increase of about 2.26%[21] Investment and Expenditures - Research and development expenses increased by 119.21% to ¥23,830,551.04, compared to ¥10,871,128.10 in the previous year, indicating a significant investment in innovation[12] - The company reported a 155.48% increase in investment income, reaching ¥6,201,962.71, compared to ¥2,427,555.18 in the same period last year[12] - The total cash outflow for purchasing fixed assets and other long-term assets was 103,526,514.63, compared to 57,403,951.78 in the previous period, showing increased capital expenditures[27] Shareholder Information - The total number of common shareholders at the end of the reporting period is 50,459[14] - The largest shareholder, Xi'an Aviation Industry Investment Co., holds 10.90% of shares, totaling 60,000,000 shares, with 30,000,000 shares pledged[14] - The second-largest shareholder, Sansen Industrial Investment Hubei Co., holds 6.55% of shares, totaling 36,042,500 shares, with 20,580,000 shares pledged[14] - The top ten shareholders collectively hold a significant portion of the company's equity, with the largest three shareholders alone accounting for over 23%[14] - The company has implemented a stock incentive plan with a total of 1,118,000 shares subject to restrictions, with release schedules tied to performance evaluations[17] Regulatory and Management Issues - The company is undergoing rectification measures following a regulatory decision regarding income accounting and internal control management issues[6] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[15] - The company is focused on maintaining a strong cash position while managing shareholder equity effectively[19]

Financial Performance - The company's revenue for Q3 2024 was ¥318,602,282.27, a decrease of 52.75% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥28,698,957.80, representing a decline of 114.69% year-on-year[5]. - The basic earnings per share for the period was -¥0.05, down 113.89% from the previous year[5]. - Total revenue for the period was $1,362.60 million, a decrease of 30.05% compared to the previous period due to delayed orders from major customers and a price reduction of $21.4 million on previously sold products[10]. - Net profit for the period was $298.84 million, down 51.51% from $616.24 million in the previous period, primarily due to reduced revenue and price adjustments[10]. - The total comprehensive income for the period was CNY 298,838,537.57, compared to CNY 616,242,912.32 in the previous period[27]. - Basic and diluted earnings per share were both CNY 0.54, down from CNY 1.12 in the previous period[27]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,208,889,483.97, an increase of 11.35% compared to the end of the previous year[5]. - Total liabilities increased to ¥3,527,785,376.27 from ¥2,837,258,831.76, reflecting a rise of about 24.4%[23]. - The company's equity attributable to shareholders rose to ¥5,681,104,107.70 from ¥5,432,678,052.79, an increase of approximately 4.6%[23]. Cash Flow - The net cash flow from operating activities was -¥595,548,385.09, reflecting a decline of 805.43%[5]. - Cash flow from operating activities showed a net outflow of $595.55 million, a decline of 805.43% compared to the previous period, mainly due to decreased cash receipts from sales[11]. - Cash outflows from investing activities amounted to CNY 1,183,674,419.07, significantly higher than CNY 398,353,619.32 in the previous period[29]. - The net cash flow from investing activities was CNY -1,032,441,791.25, compared to CNY -277,749,691.51 in the previous period[29]. - Cash inflows from financing activities were CNY 1,504,182,145.31, up from CNY 523,549,325.88 in the previous period[29]. - The net cash flow from financing activities was CNY 1,209,054,454.72, compared to CNY 449,011,465.11 in the previous period[29]. - The ending cash and cash equivalents balance was CNY 2,748,173,086.83, down from CNY 3,273,020,475.23 in the previous period[29]. Borrowings and Financial Obligations - Short-term borrowings increased by 162.60% to ¥1,098,612,963.24, primarily due to credit borrowings and commercial acceptance bills[9]. - Long-term borrowings rose to $19.32 million, a 346.64% increase, primarily due to an increase in credit borrowings during the reporting period[10]. - The company experienced a 79.97% decrease in payable taxes, amounting to $5.09 million, primarily due to a reduction in corporate income tax obligations during the reporting period[10]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 44,106, with no preferred shareholders having restored voting rights[13]. - The top ten shareholders collectively hold significant stakes, with the largest being Xi'an Aviation Industry Investment Co., Ltd. at 10.90%[13]. - The total number of shares held by the top 10 shareholders remained stable, with no new additions or removals reported[17]. Other Financial Metrics - The company reported a significant increase in prepayments, which rose by 127.73% to ¥23,797,310.91 due to higher material and processing fee prepayments[9]. - The company reported a total of ¥8,122,389.57 in non-recurring gains and losses for the period[8]. - Research and development expenses increased to ¥65,258,014.23 from ¥52,614,015.55, representing a growth of about 24%[26]. - The company's cash and cash equivalents decreased from ¥3,169,501,795.01 to ¥2,752,034,806.00, a decline of approximately 13.2%[21]. - Accounts receivable increased from ¥1,551,849,606.61 to ¥1,861,698,562.19, representing a growth of about 19.9%[21]. - The company’s trading financial assets amounted to ¥390,906,889.98 at the end of the period, with no prior balance reported[21]. - The company’s accounts receivable financing decreased from ¥44,578,207.00 to ¥198,127.00, a significant drop of approximately 99.6%[21]. Audit Status - The third quarter report was not audited[30].

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,043,996,826.54, a decrease of 18.05% compared to ¥1,273,867,961.55 in the same period last year[17]. - The net profit attributable to shareholders was ¥327,537,495.38, down 22.18% from ¥420,886,069.25 year-on-year[17]. - Basic earnings per share decreased to ¥0.60, down 22.08% from ¥0.77 in the same period last year[17]. - The net profit after deducting non-recurring gains and losses was ¥300,886,775.91, a decrease of 27.39% from ¥414,369,395.77 year-on-year[17]. - The company reported a diluted earnings per share of ¥0.60, consistent with the basic earnings per share[17]. - The company's revenue for the reporting period was approximately ¥1.04 billion, a decrease of 18.05% compared to the same period last year[35]. - Operating profit for the first half of 2024 was CNY 381,058,757.36, a decline of 22.3% from CNY 490,416,625.58 in the same period last year[167]. - The company's net profit for the current period is 327,537,495.38 CNY, a decrease of 22.2% compared to 420,886,069.25 CNY in the previous period[168]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥283,037,361.27, a significant decline of 517.69% compared to ¥67,762,673.24 in the previous year[17]. - Cash flow from financing activities increased by 176.01% to approximately ¥796 million, primarily due to an increase in cash received from borrowings[35]. - The company's cash and cash equivalents decreased by 243.61% to approximately -¥348 million, attributed to reduced cash receipts from sales and investments[35]. - The company reported a total cash outflow from operating activities of 1,015,273,150.98 CNY, compared to 755,794,093.78 CNY in the first half of 2023[175]. - The ending cash and cash equivalents balance for the first half of 2024 was 2,780,158,922.51 CNY, down from 3,385,588,581.62 CNY at the end of the previous year[176]. - The company's current ratio decreased by 18.66% from the previous year, now at 2.79, while the debt-to-asset ratio increased by 3.78% to 38.09%[154]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,155,951,932.21, an increase of 10.71% from ¥8,269,936,884.55 at the end of the previous year[17]. - Total liabilities rose to CNY 3,439,081,625.21, an increase of 17.3% from CNY 2,930,032,205.92[164]. - The total amount of funds raised was approximately ¥254 million, with ¥64 million invested during the reporting period[49]. - Accounts receivable increased to approximately ¥2.03 billion, representing 22.22% of total assets, up from 18.76% the previous year[40]. - Inventory decreased to approximately ¥957 million, accounting for 10.46% of total assets, down from 13.24% the previous year[40]. Research and Development - Research and development expenses increased by 40.29% to approximately ¥43 million, driven by growth in project investments[35]. - The company invested a total of 236 million yuan in R&D over the past three years, accounting for 4.43% of its operating revenue[82]. - Research and development expenses for the first half of 2024 were CNY 43,184,728.75, an increase of 40.2% compared to CNY 30,782,691.05 in the previous year[167]. - The company is investing 550.2 million in research and development for new technologies and products[187]. Market Position and Strategy - The main business focuses on the development, production, and sales of forged products for the aerospace, aviation, and shipbuilding industries, with a significant portion dedicated to military and civilian aircraft components[24]. - The company has established itself as a key supplier for major manufacturers in the aerospace sector, particularly for next-generation military aircraft and engines[24]. - The company is positioned favorably in the market due to its early entry into the supply chain for new military equipment, which is expected to drive continuous growth in scale and performance[33]. - The company is actively pursuing market expansion and technological advancements through its investment projects, aiming to strengthen its position in the aviation industry[56]. - Future outlook includes plans for market expansion and potential mergers and acquisitions to enhance growth[68]. Shareholder Information - The company plans to distribute a cash dividend of 1.82 yuan per 10 shares (including tax) based on the total share capital on the record date for the 2023 profit distribution plan[84]. - The company has maintained an A-level rating for information disclosure from the stock exchange for two consecutive years, ensuring accurate and timely communication with investors[85]. - The company emphasizes investor returns, with a total distributable profit of 2,058.58 million yuan for shareholders after deducting statutory reserves[83]. - The company has a total of 44,220 shareholders at the end of the reporting period, with no preferred shareholders[132]. Compliance and Governance - The financial statements have been prepared in accordance with the accounting standards set by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[195]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its sustainability[194]. - The company has implemented measures to enhance environmental protection, ensuring compliance with national and local standards for emissions and waste management[96][97]. - The company is committed to improving its information disclosure system to protect investor interests while complying with confidentiality regulations[78].