天汽模(002510) - 2017 Q1 - 季度财报

Important Notice The company's board, supervisory board, and senior management declare the quarterly report's content to be true, accurate, and complete, assuming legal responsibility Statement on Report Authenticity and Compliance The company's board of directors, supervisory board, and senior management declare the quarterly report's content to be true, accurate, and complete, assuming legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the quarterly report's content is true, accurate, and complete, free from false statements, misleading representations, or major omissions, assuming individual and joint legal responsibility[4] - Company head Chang Shiping, chief accountant Deng Yinghua, and head of accounting Cai Shuang declare the financial statements in the quarterly report are true, accurate, and complete[5] Company Basic Information This section presents the company's key financial data, including revenue and net profit, alongside details of its total shareholders and top ten shareholders' holdings Key Accounting Data and Financial Indicators In Q1 2017, the company's operating revenue decreased by 14.36% year-on-year, while net profit attributable to shareholders increased by 5.44% Key Accounting Data and Financial Indicators for Q1 2017 | Indicator | Current Period (CNY) | Prior Year Period (CNY) | Current Period vs. Prior Year Period Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 343,088,721.85 | 400,629,014.93 | -14.36% | | Net Profit Attributable to Shareholders of Listed Company | 20,858,683.67 | 19,782,786.78 | 5.44% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 14,023,645.78 | 17,972,535.22 | -21.97% | | Net Cash Flow from Operating Activities | -86,643,749.56 | -31,722,064.41 | 173.13% | | Basic Earnings Per Share (CNY/share) | 0.025 | 0.024 | 4.17% | | Diluted Earnings Per Share (CNY/share) | 0.025 | 0.024 | 4.17% | | Weighted Average Return on Net Assets | 1.03% | 1.10% | -0.07% | | End of Current Period | End of Prior Year | End of Current Period vs. End of Prior Year Change | | | Total Assets | 4,408,088,523.93 | 4,252,894,084.84 | 3.65% | | Net Assets Attributable to Shareholders of Listed Company | 2,070,669,648.39 | 2,021,948,217.38 | 2.41% | Non-Recurring Gains/Losses Items and Amounts for Q1 2017 | Item | Amount from Year Start to Period End (CNY) | Notes | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 9,055,785.55 | | | Government Subsidies Included in Current Profit/Loss | 843,275.03 | | | Other Non-Operating Income and Expenses Apart from the Above | -269,718.59 | | | Less: Income Tax Impact | 2,797,146.39 | | | Impact on Minority Shareholders' Equity (After Tax) | -2,842.29 | | | Total | 6,835,037.89 | -- | Total Shareholders and Top Ten Shareholders' Holdings at Period End As of the reporting period end, the company had 79,098 common shareholders, with several natural persons among the top ten holding significant pledged shares - The total number of common shareholders at the end of the reporting period was 79,098[11] - Hu Jinsheng, Chang Shiping, Dong Shuxin, Ren Wei, Yin Baoru, Zhang Yisheng, Bao Jianxin, and Wang Ziling are among the company's controlling shareholders and parties acting in concert[11][12] Top 10 Shareholders' Holdings at Period End | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Number of Restricted Shares Held | Pledge or Freeze Status (Status/Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | | Hu Jinsheng | Domestic Natural Person | 7.20% | 60,192,728 | 45,144,546 | Pledged/25,000,000 | | Chang Shiping | Domestic Natural Person | 5.52% | 46,134,400 | 34,600,800 | Pledged/8,500,000 | | Dong Shuxin | Domestic Natural Person | 4.46% | 37,231,448 | 27,923,586 | - | | Ren Wei | Domestic Natural Person | 2.18% | 18,201,056 | 13,650,792 | - | | Yin Baoru | Domestic Natural Person | 2.11% | 17,636,812 | 13,227,608 | - | | Zhao Wenjie | Domestic Natural Person | 1.87% | 15,662,045 | 9,556,087 | Pledged/9,260,550 | | Zhang Yisheng | Domestic Natural Person | 1.76% | 14,680,792 | 11,010,594 | - | | Bao Jianxin | Domestic Natural Person | 1.71% | 14,254,408 | 10,690,806 | Pledged/8,400,000 | | Wang Ziling | Domestic Natural Person | 1.46% | 12,204,952 | 9,153,714 | - | | Central Huijin Asset Management Co., Ltd. | State-owned Legal Person | 1.13% | 9,416,600 | 0 | - | Total Common Shareholders and Top 10 Shareholders' Holdings At period-end, the company had 79,098 common shareholders, with several top 10 natural person shareholders having pledged portions of their shares - The total number of common shareholders at the end of the reporting period was 79,098[11] Top 10 Unrestricted Shareholders' Holdings at Period End | Shareholder Name | Number of Unrestricted Shares Held | Share Type | | :--- | :--- | :--- | | Hu Jinsheng | 15,048,182 | RMB Common Stock | | Chang Shiping | 11,533,600 | RMB Common Stock | | Central Huijin Asset Management Co., Ltd. | 9,416,600 | RMB Common Stock | | Dong Shuxin | 9,307,862 | RMB Common Stock | | Zhao Wenjie | 6,105,958 | RMB Common Stock | | Bank of Communications - Huaan Baoli Allocation Securities Investment Fund | 5,856,740 | RMB Common Stock | | Liu Xian | 5,679,608 | RMB Common Stock | | Zhang Chunhai | 5,468,368 | RMB Common Stock | | Ren Wei | 4,550,264 | RMB Common Stock | | Yin Baoru | 4,409,204 | RMB Common Stock | - The company's top 10 common shareholders and top 10 unrestricted common shareholders did not engage in agreed repurchase transactions during the reporting period[12] Total Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company had no preferred shareholders during the reporting period - The company had no preferred shareholders during the reporting period[13] Significant Matters This section details significant changes in financial data, the fulfillment of commitments, and the forecast for the company's operating performance in the first half of 2017 Changes and Reasons for Key Financial Data and Indicators in the Reporting Period During the reporting period, significant changes in financial data were observed, including increases in prepayments and other receivables, decreases in interest payable, and substantial shifts in cash flows from operating, investing, and financing activities - Prepayments at period-end increased by 76.62%, primarily due to increased payments for fixed asset purchases and advance payments for imported raw materials[15] - Other receivables at period-end increased by 52.5%, mainly due to higher bid deposits paid and increased employee advances for imprest funds[15] - Interest payable at period-end decreased by 72.46%, primarily due to the payment of convertible bond interest during the period[15] - Other payables at period-end increased by 114.83%, mainly due to increased employee travel expenses and intermediary service fees payable during the period[15] - Other comprehensive income at period-end decreased by 68.97%, primarily due to foreign currency translation differences from the appreciation of the Euro affecting European Tianqimo Company's financial statements[15] - Selling expenses decreased by 31.79% this period, mainly due to reduced mold delivery fees and shipping insurance costs for the company's overseas projects[16] - Financial expenses decreased by 47.91% this period, primarily due to increased interest income from matured time deposits[16] - Asset impairment losses increased by 125.88% this period, mainly due to the increased scale of accounts receivable[16] - Non-operating income increased by 333.57% this period, primarily due to the sale of old equipment by the German subsidiary Tianqimo[16] - Income tax expenses increased by 193.22% this period, mainly due to increased non-operating income of the German subsidiary Tianqimo and a higher income tax rate[16] - Net cash flow from operating activities decreased by 173.13% this period, primarily due to reduced customer collections compared to the prior year and increased current period investments[16] - Net cash flow from investing activities decreased by 571.93% this period, primarily due to increased fixed asset procurement activities[17] - Net cash flow from financing activities decreased by 90.79% this period, primarily due to the proceeds from convertible bond issuance received in the prior period[17] Progress of Significant Matters The company had no significant matters requiring disclosure of progress, impact, or solutions during the reporting period - The company had no significant matters requiring disclosure of progress, impact, or solutions during the reporting period[18] Fulfillment of Commitments Controlling shareholders and related parties made long-term commitments to avoid competition and resolve historical entrusted shareholdings, all fulfilled on time - Controlling shareholders and parties acting in concert committed not to directly or indirectly invest in or operate businesses that compete or may compete with the company, thus avoiding horizontal competition[19] - Controlling shareholders and actual controllers committed to resolving historical entrusted shareholding issues, assuming economic responsibility if relevant parties claim rights or economic interests[19] - All commitments were fulfilled on time during the reporting period, with no breaches of the aforementioned commitments[19] Forecast of Operating Performance for H1 2017 The company forecasts a positive net profit attributable to shareholders for H1 2017, with a projected change of -15.00% to 15.00%, driven by strong 2016 orders and stable mold business - Net profit attributable to shareholders for January-June 2017 is expected to be positive and not a turnaround from loss to profit[20] Forecasted Net Profit Attributable to Shareholders for January-June 2017 | Indicator | Amount/Range | | :--- | :--- | | Net Profit Change Range | -15.00% to 15.00% | | Net Profit Range (CNY 10,000) | 7,008.39 to 9,481.93 | | Net Profit for Jan-June 2016 (CNY 10,000) | 8,245.16 | - Performance change is attributed to record-high order intake in 2016, sufficient outstanding orders, stable mold business development, and potential fluctuations in stamping business due to OEM sales changes[21] Financial Assets Measured at Fair Value The company had no financial assets measured at fair value during the reporting period - The company had no financial assets measured at fair value during the reporting period[22] Illegal External Guarantees The company had no illegal external guarantees during the reporting period - The company had no illegal external guarantees during the reporting period[22] Non-Operating Fund Occupation by Controlling Shareholders and Related Parties The company had no non-operating fund occupation by controlling shareholders or related parties during the reporting period - The company had no non-operating fund occupation by controlling shareholders or related parties during the reporting period[23] Registration of Research Activities During the Reporting Period The company hosted one institutional on-site research activity on February 23, 2017, with details available on Juchao Information Network Research Activities Hosted During the Reporting Period | Reception Date | Reception Method | Type of Recipient | Index of Basic Research Information | | :--- | :--- | :--- | :--- | | 2017 年 02 月 23 日 | On-site Research | Institution | Juchao Information Network http://www.cninfo.com.cn/ |