杭州巨星科技股份有限公司 2018 年第三季度报告正文 证券代码：002444 证券简称：巨星科技 公告编号：2018-044 杭州巨星科技股份有限公司 2018 年第三季度报告正文 1 杭州巨星科技股份有限公司 2018 年第三季度报告正文 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。 公司负责人仇建平、主管会计工作负责人倪淑一及会计机构负责人(会计主 管人员)王凌毅声明：保证季度报告中财务报表的真实、准确、完整。 2 杭州巨星科技股份有限公司 2018 年第三季度报告正文 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 追溯调整或重述原因 同一控制下企业合并 | | 本报告期末 | | | 上年度末 | | | 本报告期末比上年度 末增减 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 调整 ...

Financial Performance - The company achieved total operating revenue of CNY 2,197,534,530.40, representing a year-on-year increase of 32.62%[17]. - Net profit attributable to shareholders was CNY 320,250,181.20, up 28.42% compared to the same period last year[17]. - The net profit after deducting non-recurring gains and losses was CNY 314,273,874.63, reflecting a growth of 32.77% year-on-year[17]. - Basic earnings per share increased by 30.43% to CNY 0.30[17]. - The company reported a significant increase in revenue, achieving a total of 55.02 million yuan in the first half of 2018[75]. - The company reported a total profit amounted to CNY 391,502,785.52, an increase of 19.6% compared to CNY 327,472,143.55 in the previous year[133]. - The company experienced a decrease in financial expenses, reporting a net financial income of CNY -48,658,934.97, compared to CNY 32,134,850.23 in the previous year[133]. - The company’s total comprehensive income for the period was 172,024,000 CNY, reflecting a significant increase from the previous period[155]. Revenue Breakdown - The tools and hardware business generated sales revenue of CNY 188,819 million, growing by 28.63% year-on-year[35]. - Revenue from the tools and hardware segment was ¥1,888,191,308.52, accounting for 85.92% of total revenue, with a year-on-year growth of 28.63%[42]. - Revenue from smart equipment surged to ¥303,601,627.18, which is 13.82% of total revenue, marking a significant increase of 65.30% year-on-year[42]. - International sales contributed ¥2,101,638,547.54, representing 95.64% of total revenue, with a year-on-year growth of 32.18%[42]. - Domestic sales increased to ¥90,154,388.16, accounting for 4.10% of total revenue, reflecting a growth of 46.32% compared to the previous year[42]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,020,842,258.27, a 0.84% increase from the end of the previous year[17]. - The company reported a total liability of CNY 1,601,769,241.81, down from CNY 1,851,858,585.53, a decrease of approximately 13.5%[125]. - The company's total liabilities at the end of the current period were CNY 2,845.1 million[149]. - The total equity of the company at the end of the reporting period was 5,602,714,000 CNY, showing a decrease of 1,485,900 CNY compared to the previous period[154]. Cash Flow - The net cash flow from operating activities decreased by 49.29% to CNY 89,569,564.41[17]. - The cash flow from operating activities showed a net decrease of 49.29%, primarily due to increased operational costs following the acquisition of Arrow[40]. - The net cash flow from operating activities for the first half of 2018 was ¥89,569,564.41, a decrease of 49.3% compared to ¥176,632,271.38 in the same period of 2017[141]. - The net cash flow from investing activities was -¥818,253,410.24, an improvement from -¥1,014,207,059.96 in the previous year[142]. - The ending balance of cash and cash equivalents was ¥1,195,568,859.11, down from ¥1,610,780,911.44 at the end of the previous year[142]. Investments and Acquisitions - The company completed the acquisition of European high-end professional storage solutions provider Lista for CNY 1.2 billion, enhancing its product chain and European manufacturing service system[36]. - The company approved the acquisition of 100% equity in Lista Holding AG from Capvis General Partner II Ltd for a total transaction price of 184.5 million Swiss Francs, equivalent to approximately 1.1972 billion RMB[96]. - The company also approved the acquisition of 100% equity in Hangzhou Lianhe Machinery Co., Ltd. from Hangzhou Juxing Precision Machinery Co., Ltd. for an amount of 9,163,203.62 RMB[96]. Research and Development - Research and development investment amounted to CNY 68,410,186.27, reflecting a 43.38% increase from the previous year[40]. - The company launched 639 new products during the reporting period, with R&D expenditure of CNY 6,841,000, up 43% year-on-year[29]. Market Expansion - The company continues to strengthen its position as a global leader in tools and hardware while accelerating the development of smart products, including laser measuring instruments[25]. - The company established a North American distribution network through the integration of Arrow Fastener Co., ensuring local service for major clients like LOWES and WALMART[35]. - Approximately 65% of the company's sales revenue comes from exports to the United States, exposing it to risks from increased tariffs due to international trade tensions[63]. - The company plans to accelerate international development by establishing overseas manufacturing bases to mitigate risks associated with trade disputes[63]. Shareholder Information - The total number of shares before the change was 1,075,247,700, with 94.10% being unrestricted shares[102]. - The largest shareholder, Juxing Holdings Group, holds 44.99% of the shares, totaling 483,739,864 shares[109]. - The second-largest shareholder, Qiu Jianping, holds 5.66% of the shares, totaling 60,884,300 shares[109]. - Total number of common shareholders at the end of the reporting period is 53,548[108]. Compliance and Governance - The financial report for the first half of 2018 was not audited[73]. - The company has not faced any penalties or corrective actions during the reporting period[77]. - The company has not distributed cash dividends or bonus shares for the half-year period[68]. - The company has not engaged in any asset or equity acquisitions or sales during the reporting period[81].

Financial Performance - The company's operating revenue for Q1 2018 was ¥885,156,075.83, representing an increase of 18.45% compared to ¥747,265,681.46 in the same period last year[8] - The net profit attributable to shareholders for Q1 2018 was ¥116,511,170.98, up 10.04% from ¥105,884,971.38 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥113,323,794.18, reflecting a 13.16% increase from ¥100,146,968.32 in the previous year[8] - The net cash flow from operating activities was ¥135,439,457.39, which is a 4.87% increase compared to ¥129,149,898.96 in the same period last year[8] - The basic earnings per share for Q1 2018 was ¥0.11, up 10.00% from ¥0.10 in the same period last year[8] - The weighted average return on net assets was 1.94%, an increase of 0.08% compared to 1.86% in the previous year[8] Assets and Liabilities - The total assets at the end of the reporting period were ¥7,572,529,795.00, a decrease of 4.41% from ¥7,921,800,765.88 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were ¥6,045,678,166.88, an increase of 1.35% from ¥5,965,435,105.11 at the end of the previous year[8] Financial Changes - Financial expenses increased by 1905.66% year-on-year, primarily due to exchange rate fluctuations affecting foreign exchange gains and losses[16] - Investment income increased by 778.52% year-on-year, mainly due to the increase in investment income recognized under the equity method for long-term equity investments[16] Future Outlook - The net profit attributable to shareholders for the first half of 2018 is expected to increase by 10.00% to 25.00%, ranging from 27,627.47 to 31,394.85 thousand yuan compared to 25,115.88 thousand yuan in the same period of 2017[20] - The company anticipates steady growth in sales driven by an active market expansion strategy, which is expected to enhance future operating performance[20] Financial Assets - The fair value of financial assets includes an initial investment of 40,341,421 yuan, with a current fair value gain of 807,902.90 yuan, resulting in a total amount of 49,332,643.13 yuan at the end of the reporting period[22]

Financial Performance - The company's operating revenue for 2017 was CNY 4,280,610,146.07, representing an increase of 18.80% compared to CNY 3,603,322,860.32 in 2016[18]. - The net profit attributable to shareholders for 2017 was CNY 549,823,084.30, a decrease of 11.55% from CNY 621,638,358.26 in 2016[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 551,840,093.13, down 19.35% from CNY 684,205,606.87 in 2016[18]. - The net cash flow from operating activities was CNY 449,589,757.90, a decline of 26.01% compared to CNY 607,669,056.25 in 2016[18]. - The total assets at the end of 2017 were CNY 7,921,800,765.88, an increase of 11.69% from CNY 7,092,735,710.44 at the end of 2016[19]. - The net assets attributable to shareholders at the end of 2017 were CNY 5,965,435,105.11, up 6.03% from CNY 5,625,949,983.85 at the end of 2016[19]. - The basic earnings per share for 2017 was CNY 0.51, a decrease of 12.07% from CNY 0.58 in 2016[18]. - The weighted average return on net assets for 2017 was 9.49%, down from 11.92% in 2016, a decrease of 2.43%[18]. Revenue Segmentation - The hardware tools segment generated revenue of 3.7992478 billion CNY, growing by 14.61%[29]. - The smart products segment saw revenue of 473.6619 million CNY, marking a significant increase of 65.85%[30]. - The hardware tools segment generated revenue of 3,799,247,780.01 CNY, accounting for 88.75% of total revenue, with a year-on-year growth of 14.61%[45]. - The smart products segment saw revenue of 473,661,883.48 CNY, representing 11.07% of total revenue, with a significant year-on-year increase of 65.85%[45]. Investments and Acquisitions - The company invested 126.6927 million CNY in R&D, an increase of 35.81%, and designed 1,706 new products, up 31.13%[33]. - The acquisition of the well-known tool brand ARROW was completed, enhancing the company's brand portfolio and international influence[29]. - The company established new subsidiaries in Japan and the US, further expanding its international presence[35]. - The company acquired Arrow Fastener Co., LLC on July 1, 2017, for a total cost of ¥867,606,648.28, achieving 100% ownership, with the acquired company generating revenue of ¥263,684,534.42 and a net profit of ¥47,868,739.67 during the period[52]. - The company has invested ¥5,000,000.00 in Hangzhou Meiqi Technology Co., Ltd., acquiring a 31.25% stake[69]. - The company has also completed the acquisition of Arrow Fastener Co., LLC, with a total investment of ¥867,600,000.00 for a 100% stake[69]. Cash Flow and Financial Management - Operating cash inflow totaled ¥4,501,485,148.13, a 17.16% increase from the previous year, while operating cash outflow rose by 25.27% to ¥4,051,895,390.23, resulting in a net cash flow from operating activities of ¥449,589,757.90, down 26.01%[59]. - The company reported a significant increase in investment activity, with cash inflow from investment activities rising by 45.55% to ¥2,222,955,549.28, while cash outflow increased by 73.15% to ¥3,252,319,454.93, leading to a net cash outflow of ¥1,029,363,905.65[59]. - The total amount of unused fundraising funds is 16,106.43 million RMB, which includes 6,769.30 million RMB from interest income and 9,337.13 million RMB from project implementation[81]. Dividend Policy - The company plans not to distribute cash dividends or issue bonus shares for the year[7]. - The net profit attributable to ordinary shareholders for 2017 was 549,823,084.30 CNY, with a cash dividend distribution rate of 0.00%[103]. - The company did not distribute profits in 2017, with retained earnings carried forward to the next year[101]. - The company’s retained earnings for 2017 were positive, but no cash dividend distribution proposal was made[101]. Strategic Focus and Future Plans - The company aims to maintain stable growth in the hardware tool business, targeting a double-digit growth rate[90]. - The company plans to enhance its sales network in North America and Europe while entering emerging markets in South America, Asia, and Africa to drive new growth[90]. - The company will continue to invest in its own brand and acquire well-known hardware tool brands to increase brand awareness and sales proportion[90]. - The company is committed to developing smart products, including laser measurement tools and logistics robots, to establish a comprehensive smart product ecosystem[91]. - The company plans to create the largest global manufacturing base for laser measurement products and expand its smart home product sales[91]. Governance and Compliance - The company has established a governance structure that complies with relevant laws and regulations[178]. - The company’s board of directors has established four specialized committees: strategy and development, compensation and assessment, nomination, and audit[178]. - The company has a transparent information disclosure system, ensuring all investors have equal access to information[180]. - The company has not faced any significant discrepancies between its governance practices and the regulatory standards set by the China Securities Regulatory Commission[181]. Employee and Management Structure - The total number of employees in the company is 4,862, with 970 in the parent company and 3,892 in major subsidiaries[172]. - The company has a total compensation for directors and senior management amounting to 736.21 million CNY[171]. - The average salary of employees in 2017 exceeded the provincial average salary standard in Zhejiang[173]. - The company has a diverse management team with a mix of engineering and financial expertise among its executives[161]. Risks and Challenges - The company faces risks from currency fluctuations, particularly due to a significant portion of revenue coming from exports, and will balance domestic and international market strategies[94]. - Rising labor costs are a concern, prompting the company to invest in automation to improve productivity and reduce costs[94]. - The company is addressing the risk of increasing raw material prices by adjusting product structures and focusing on innovative products to maintain gross profit margins[94]. - Trade tensions, particularly with the U.S., pose risks, and the company is prepared to adjust product structures and increase local production in the U.S. if necessary[94].