厦门日上集团股份有限公司 2020 年第一季度报告全文 厦门日上集团股份有限公司 2020 年第一季度报告 2020 年 04 月 1 厦门日上集团股份有限公司 2020 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。 公司负责人吴子文、主管会计工作负责人何爱平及会计机构负责人(会计主 管人员)张定明声明：保证季度报告中财务报表的真实、准确、完整。 厦门日上集团股份有限公司 2020 年第一季度报告全文 2 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 | | --- | --- | --- | --- | | 营业收入（元） | 510,145,618.77 | 544,142,097.67 | -6.25% | | 归属于上市公司股东的净利润（元） | 14,677,707.70 | 9,700,1 ...

Financial Performance - The company's operating revenue for 2019 was ¥2,636,332,363.60, a decrease of 9.16% compared to ¥2,902,153,339.54 in 2018[16] - The net profit attributable to shareholders was ¥82,394,010.40, representing a slight increase of 0.96% from ¥81,613,794.66 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥73,905,135.70, up by 5.89% from ¥69,791,514.40 in 2018[16] - The net cash flow from operating activities was ¥40,710,998.35, a significant decline of 56.84% compared to ¥94,319,311.82 in 2018[16] - The total assets at the end of 2019 were ¥3,960,482,583.52, an increase of 0.57% from ¥3,938,224,547.76 at the end of 2018[16] - The net assets attributable to shareholders increased by 1.79% to ¥1,913,243,415.39 from ¥1,879,516,127.85 in 2018[16] - The basic earnings per share remained stable at ¥0.11, unchanged from the previous year[16] - The company reported a total of 69,691 million shares eligible for profit distribution after excluding 4.2 million shares repurchased[4] - The total profit amounted to CNY 94.77 million, an increase of 8.67% year-on-year, and the net profit attributable to shareholders was CNY 82.39 million, up 0.96% from the previous year[54] - The total operating revenue for 2019 was 2,636,332,363.60 CNY, a decrease of 9.16% from 2018[62] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥0.5 per 10 shares, based on a total share base of 69,691 million shares[4] - The company proposed a cash dividend of RMB 0.5 per 10 shares for 2019, totaling RMB 34,845,500, which is 42.29% of the net profit attributable to ordinary shareholders[130] - The cash dividend for 2018 was RMB 35,055,500, representing 42.95% of the net profit attributable to ordinary shareholders[130] - The total cash dividend for 2019, including other methods, accounted for 75.71% of the distributable profit of RMB 46,023,671.09[132] - The company has maintained a consistent cash dividend policy over the past three years[130] Research and Development - The company has a 200-person R&D and project management team, enhancing its competitive edge in complex steel structure projects[40] - Research and development expenses increased by 45.77% to ¥13,947,975.70, reflecting a commitment to enhancing technological capabilities[73] - The company is actively developing forged aluminum wheels as a key future product direction, indicating a shift towards lightweight materials[24] - The company plans to increase R&D investment in automotive wheels, focusing on lightweight, energy-saving, environmentally friendly, and safe new products, while also enhancing design technologies in steel structures[109] Market and Business Strategy - The company focuses on the R&D, design, production, and sales of steel structures and automotive wheels, with a strong emphasis on metal products[24] - The automotive wheel business employs a direct sales model to OEMs and a distribution model for the aftermarket, ensuring a comprehensive sales network[28] - The company aims to leverage its core competencies in scale, brand, and technology to increase market share and profitability in the competitive landscape[31] - The company anticipates that the demand for tubeless wheels will continue to grow, driven by high entry barriers and significant capital investment in technology[31] - The company plans to leverage its experience in lightweight heavy-duty wheels to capture opportunities in the domestic market, especially in the context of new energy vehicle promotion policies[57] Environmental and Social Responsibility - The company emphasizes environmental protection, actively engaging in energy-saving and emission-reduction activities, and aims to build a resource-saving and environmentally friendly enterprise[177] - The company has constructed a wastewater treatment plant with a capacity of 300m³/d to handle wastewater generated from acid washing and painting processes[198] - The company has implemented a solid waste pollution prevention strategy, including a hazardous waste storage facility managed by qualified disposal agencies[197] - The company has organized emissions of various pollutants, including 0.017 tons of hydrochloric acid and 0.127 tons of xylene, adhering to local air pollution discharge standards[180] Corporate Governance - The company has established a sound corporate governance structure to ensure the protection of shareholders' and creditors' rights, with a commitment to accurate and timely information disclosure[174] - The company actively accepted supervision from various sectors and improved its corporate governance system[173] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[136] - The company has not faced any situations that could lead to suspension or termination of listing following the annual report disclosure[145] Operational Challenges and Risks - The company faces risks from macroeconomic policy changes, raw material price fluctuations, and international market impacts, which could affect its operations[117][118][119] - The company will enhance cash flow management by improving accounts receivable and inventory management to ensure timely cash recovery and reduce financial costs[115] - The company plans to adjust the balance between export and domestic sales, as well as between wheel and steel structure businesses[104] Subsidiaries and International Presence - The subsidiary Xiamen New Changcheng reported total assets of 1,300,028,640 CNY and a net profit of 23,229,239.6 CNY for the reporting period[87] - The subsidiary Vietnam NCC reported total assets of 167,491,941 CNY and a net profit of 43,907,752.8 CNY for the reporting period[87] - The subsidiary Sichuan Rishang reported total assets of 544,221,882 CNY and a net profit of 10,021,217.7 CNY for the reporting period[87] - The company exported nearly half of China's heavy-duty steel wheels to the US in 2018, maintaining its market share in 2019[100]

Financial Performance - The company's operating revenue for 2018 was CNY 2,902,153,339.54, representing a 45.75% increase compared to CNY 1,991,149,040.52 in 2017[16]. - The net profit attributable to shareholders for 2018 was CNY 81,613,794.66, which is a 20.29% increase from CNY 67,848,077.48 in 2017[16]. - The net profit after deducting non-recurring gains and losses was CNY 69,791,514.40, marking a significant increase of 58.01% from CNY 44,170,023.60 in 2017[16]. - The net cash flow from operating activities was CNY 94,319,311.82, a remarkable turnaround from a negative cash flow of CNY -38,104,352.79 in 2017, representing a 347.53% increase[16]. - The total operating costs for 2018 were CNY 2,827.65 million, reflecting a year-on-year increase of 45.48%[51]. - The total profit for 2018 was CNY 87.21 million, up 14.44% compared to the previous year[51]. - The gross profit margin for the metal products industry decreased by 3.68% to 13.39% compared to the previous year[63]. - The cash dividend payout ratio for 2018 was 80.85% of the total distributable profit of RMB 43,356,393.48[131]. Revenue Breakdown - The company's total revenue for Q1 was approximately CNY 635.8 million, Q2 was CNY 824.0 million, Q3 was CNY 762.7 million, and Q4 was CNY 679.7 million[19]. - The net profit attributable to shareholders for Q1 was CNY 9.6 million, Q2 was CNY 32.2 million, Q3 was CNY 19.8 million, and Q4 was CNY 20.1 million[19]. - Overseas business revenue reached CNY 1,141.56 million, marking a year-on-year growth of 32.34%[51]. - Revenue from the metal products industry (steel structures) was ¥1,613,115,942.99, accounting for 55.58% of total revenue, with a year-on-year growth of 65.40%[60]. - Domestic revenue increased by 56.00% to ¥1,760,591,396.97, while international revenue rose by 32.34% to ¥1,141,561,942.57[60]. Assets and Liabilities - The total assets at the end of 2018 were CNY 3,938,224,547.76, which is a 3.99% increase from CNY 3,787,230,817.75 at the end of 2017[16]. - The net assets attributable to shareholders at the end of 2018 were CNY 1,879,516,127.85, reflecting a 2.74% increase from CNY 1,829,374,805.30 in 2017[16]. - The company's fixed assets at the end of 2018 amounted to 916.21 million yuan, representing a 26.31% increase compared to the beginning of the year[34]. - The company's short-term borrowings increased to ¥804,952,304.00, up 20.44% from the previous year[83]. Research and Development - The company focuses on the R&D, design, production, and sales of steel structures and automotive wheels, with a strong emphasis on high-strength steel and aluminum wheels as future product development directions[24]. - The total R&D investment amounted to ¥102,250,711.98, an 18.81% increase compared to the previous year[74]. - The company has a research and design team of over 80 people, with extensive experience in steel structure design, particularly in node and detail design, benefiting from collaborations with major international EPC companies[39]. Market Position and Strategy - The company is positioned within the "C manufacturing" category, specifically in metal structure manufacturing and automotive parts, benefiting from national policies promoting green and energy-efficient products[30]. - The company has transitioned its main business focus from traditional steel structure manufacturing to providing integrated systems for green building[42]. - The company aims to leverage its expertise in high-strength materials to innovate and upgrade its product offerings in the automotive sector, particularly in lightweight steel wheels[54]. - The company plans to enhance its product structure and overall gross margin by developing supporting products for steel structure engineering, transitioning from a single manufacturer to a "green building industrial integration system provider"[105]. Operational Efficiency - The company has implemented a robust ERP management system to streamline production processes and enhance operational efficiency[26]. - The company has established a comprehensive procurement management system to control inventory and ensure the quality of raw materials, sourcing from leading steel manufacturers[25]. - The company has modern steel structure processing bases in Zhangzhou and Nanchong, equipped with advanced processing equipment, ensuring high product quality and production efficiency[40]. Shareholder Relations and Governance - The company has maintained a consistent cash dividend policy over the past three years, with slight variations in the payout amounts[131]. - The company is committed to maintaining a stable governance structure and enhancing investor relations to minimize operational risks[114]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[136]. Environmental and Social Responsibility - The company emphasizes environmental protection, implementing advanced environmental management systems and ensuring that all pollutants discharged meet regulatory standards[174]. - The company has actively engaged in social responsibility initiatives, including a total investment of RMB 13,000 in poverty alleviation efforts, with specific allocations for health and education[172]. - The company is committed to energy conservation and emission reduction, focusing on the development of energy-efficient products and processes[171].

厦门日上集团股份有限公司 2017 年年度报告 2019 年 12 月 1 厦门日上集团股份有限公司 2017 年年度报告全文 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、误导性陈述或重大遗漏，并承担个别和连 带的法律责任。 公司负责人吴子文、主管会计工作负责人何爱平及会计机构负责人(会计主 管人员)张定明声明：保证年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及未来计划、业绩预测等前瞻性描述，均不构成本公司对 任何投资者及相关人士的承诺。投资者及相关人士均应对此保持足够的风险认 识，并应当理解计划、预测与承诺之间的差异。 公司已在本年度报告中详细描 述了公司面临的风险，敬请投资者予以关注，详见本年度报告"经营情况讨论 与分析"等章节中关于公司面临风险的描述。 公司经本次董事会审议通过的利润分配预案为：以 701,145,000 为基数，向 全体股东每 10 股派发现金红利 0.50 元（含税），送红股 0 股（含税），不以公积 金转增股本。 2 | 第一节 | 重要提示、目 ...

厦门日上集团股份有限公司 2019 年第三季度报告 2019 年 10 月 1 厦门日上集团股份有限公司 2019 年第三季度报告全文 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。 公司负责人吴子文、主管会计工作负责人何爱平及会计机构负责人(会计主 管人员)张定明声明：保证季度报告中财务报表的真实、准确、完整。 2 厦门日上集团股份有限公司 2019 年第三季度报告全文 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 3,981,702,683.58 | | 3,938,224,547.76 | 1.10% | | 归属于上市公司股东的净资产 | 1,895,873,789.76 | | 1,879,516,127.85 | ...

Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥1.27 billion, a decrease of 13.15% compared to the same period last year[17]. - The net profit attributable to shareholders was approximately ¥42.80 million, an increase of 2.57% year-on-year[17]. - The net cash flow from operating activities was approximately ¥17.52 million, down 87.21% compared to the previous year[17]. - Total assets at the end of the reporting period were approximately ¥4.07 billion, an increase of 3.42% from the end of the previous year[17]. - The net assets attributable to shareholders decreased by 0.33% to approximately ¥1.87 billion compared to the end of the previous year[17]. - The basic earnings per share remained unchanged at ¥0.06[17]. - The total operating revenue for the reporting period was 1,267,777,940.49 RMB, reflecting a decline of 13.15% compared to the previous year, primarily due to reduced steel structure orders[59]. - The total operating costs were CNY 121,880.66 million, down 13.26% year-on-year[52]. - The total profit amounted to CNY 5,021.41 million, a slight decrease of 0.26% year-on-year[52]. - The net profit attributable to shareholders was CNY 4,279.75 million, an increase of 2.57% compared to the previous year[52]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,885.66 million, a year-on-year growth of 0.20%[52]. Business Operations - The company has not made any significant changes to its business operations or financial reporting standards during the reporting period[15]. - The company's main business includes the research, design, production, and sales of steel structures and automotive wheels, with a focus on tubeless steel wheels and shaped steel wheels as the primary mass-produced products[25]. - The company has achieved a 91.65% increase in construction projects, primarily due to increased investments in the subsidiary's forging project during the reporting period[36]. - The company has established a robust ERP management system, enabling comprehensive tracking of production processes and quality management from raw material procurement to product installation[39]. - The company has received multiple certifications, including ISO9001 and AISC, which support its capability to undertake domestic and international steel structure projects[38]. - The company has established a global sales network for its steel wheels, with a dual sales model combining direct sales to OEMs and distribution through AM markets[30]. - The company is recognized as a leading automotive steel wheel manufacturer in China, ranking among the top 100 automotive parts companies in 2018[35]. - The company focuses on developing high-strength wheel steel in collaboration with leading steel manufacturers, aiming to replace imported materials[26]. - The company benefits from national policies promoting green building and steel structures, which are expected to enhance market demand and profitability in the steel structure industry[34]. - The company has a competitive advantage in the steel structure sector due to its geographical location, allowing efficient distribution across domestic and international markets[35]. Research and Development - The company has over 80 members in its steel structure R&D design team, with significant experience in node and detailed design[41]. - The company has completed R&D testing for over ten varieties of forged aluminum wheels, receiving multiple certifications from authoritative institutions, which supports future product upgrades[56]. - The company's R&D expenses grew by 31.15% year-on-year, reflecting increased investment in research and development activities[68]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company aims to transition from a single steel structure manufacturer to a comprehensive building materials provider, enhancing its competitive edge through joint ventures[57]. - Domestic revenue accounted for 63.87% of total operating income, while international revenue made up 36.13%, both showing declines of 14.93% and 9.82% respectively[63]. - The company is focusing on high-end steel structure products and strengthening partnerships with major EPC firms to enhance market presence[53]. - The company has not distributed cash dividends or bonus shares for the half-year period[90]. - The company has not faced any major litigation or arbitration matters during the reporting period[95]. - The company is closely monitoring macroeconomic policy changes to adjust its operational strategies accordingly[82]. Environmental Impact - Xiamen Rishang Group is classified as a key pollutant discharge unit by environmental protection authorities[118]. - The company reported a total COD (Chemical Oxygen Demand) discharge of 1.93 tons, with a concentration of 73 mg/L, exceeding the standard by 3.07 tons annually[119]. - BOD (Biochemical Oxygen Demand) discharge was recorded at 0.66 tons, with a concentration of 24.9 mg/L, compliant with the pollution control standards[119]. - Ammonia nitrogen discharge was 0.07 tons, with a concentration of 2.76 mg/L, also compliant with the standards[119]. - Total phosphorus discharge was 0.0008 tons, with a concentration of 0.03 mg/L, meeting the pollution control standards[119]. - The company has organized emissions from 1 discharge point for various pollutants, including SS (Suspended Solids) at 0.4 tons and a concentration of 15 mg/L[119]. - The company reported a total of 29.19 tons of hazardous waste, including paint sludge and waste mineral oil, disposed of through entrusted handling[120]. - The company has established a wastewater treatment plant with a processing capacity of 15 m³/h to treat wastewater generated from acid washing and painting processes[124]. - The company has implemented an acid mist tower to treat hydrochloric acid waste gas, achieving a discharge concentration of 9.03 mg/m³, well below the limit of 100 mg/m³[122]. - The company has constructed an organic waste gas treatment facility that utilizes adsorption and catalytic combustion processes to ensure compliance with emission standards[124]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,900[148]. - The largest shareholder, Wu Ziwen, holds 41.05% of the company's shares, totaling 71,945,850 shares[148]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[150]. - The company’s management team saw no changes in shareholding during the reporting period[154]. - The company reported a total of 234,526,620 restricted shares at the end of the reporting period[146]. Market Challenges - The company faces risks from fluctuations in steel prices, which significantly impact operating costs, and has implemented strategies to mitigate these risks[83]. - The company is exposed to international market risks, particularly from the US-China trade tensions affecting its export business[84]. - The company is currently undergoing investigations related to anti-dumping in Argentina and the EU, which may affect its market operations[136]. - The company faced anti-dumping and countervailing investigations from foreign competitors due to escalating US-China trade tensions, impacting its export of wheel and steel structure products[138]. - The final anti-dumping tax rates imposed by the US on Chinese steel wheels were 231.7% for anti-dumping and 457.1% for countervailing duties as of March 22, 2019[135]. Corporate Governance - The company has established a corporate governance structure including a shareholders' meeting, board of directors, and supervisory board[198]. - The financial report was approved by the board of directors on August 26, 2019[200].

厦门日上集团股份有限公司 2019 年第一季度报告 2019 年 04 月 1 厦门日上集团股份有限公司 2019 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。 公司负责人吴子文、主管会计工作负责人何爱平及会计机构负责人(会计主 管人员)张定明声明：保证季度报告中财务报表的真实、准确、完整。 2 厦门日上集团股份有限公司 2019 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 | | --- | --- | --- | --- | | 营业收入（元） | 544,142,097.67 | 635,800,124.74 | -14.42% | | 归属于上市公司股东的净利润（元） | 9,700,124.67 | 9,562,175.10 | 1.44% | | 归属于上市公司股东的 ...

Financial Performance - The company's operating revenue for 2018 was CNY 2,902,153,339.54, representing a 45.75% increase compared to CNY 1,991,149,040.52 in 2017[16]. - The net profit attributable to shareholders for 2018 was CNY 81,613,794.66, which is a 20.29% increase from CNY 67,848,077.48 in 2017[16]. - The net profit after deducting non-recurring gains and losses was CNY 69,791,514.40, marking a significant increase of 58.01% from CNY 44,170,023.60 in 2017[16]. - The net cash flow from operating activities was CNY 94,319,311.82, a substantial improvement of 347.53% compared to a negative cash flow of CNY 38,104,352.79 in 2017[16]. - The total assets at the end of 2018 were CNY 3,938,224,547.76, reflecting a 3.99% increase from CNY 3,787,230,817.75 at the end of 2017[16]. - The total profit for 2018 was CNY 87.21 million, reflecting a growth of 14.44% year-on-year[51]. - The company achieved a revenue of CNY 2,902.15 million in 2018, representing a year-on-year growth of 45.75%[51]. - Total operating costs for 2018 were CNY 2,827.65 million, an increase of 45.48% compared to the previous year[51]. - The company’s revenue from government subsidies related to business operations amounted to ¥14.06 million in 2018, down from ¥22.31 million in 2017[21]. Earnings and Dividends - The basic earnings per share for 2018 was CNY 0.11, a 10.00% increase from CNY 0.10 in 2017[16]. - The diluted earnings per share for 2018 was also CNY 0.11, consistent with the basic earnings per share increase of 10.00% from CNY 0.10 in 2017[16]. - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares, based on a total of CNY 701,110,000.00 as the base[4]. - The cash dividend for 2018 represents 42.95% of the net profit attributable to shareholders, which was RMB 81,613,794.66[129]. - The total cash dividend for 2018, including other methods, is RMB 35,055,500, which accounts for 80.85% of the total distributable profit of RMB 43,356,393.48[129]. - The cash dividends for the past three years have been consistent at RMB 0.5 per 10 shares, indicating a stable dividend policy[128]. Business Operations - The company’s main business includes the research, design, production, and sales of steel structures and automotive wheels, with a focus on high-strength steel and aluminum wheels as future development directions[25]. - The automotive wheel business employs a direct sales model to OEMs and a distribution model for the aftermarket, establishing a global sales network[29]. - The steel structure business is supported by a complete qualification and certification system, enabling the company to undertake domestic and international projects[30]. - The company has established partnerships with major international EPC companies, expanding its client base from a few to over a dozen[42]. - The company has transitioned its main business focus from light steel structures to key domestic engineering projects and overseas EPC equipment steel structures[42]. Research and Development - The company has a research and design team of over 80 professionals, with extensive experience in steel structure design, particularly in node and detail design, which provides a competitive advantage in international projects[39]. - The company has initiated the forging aluminum wheel project, achieving small-scale production of commercial vehicle forged aluminum wheels, with multiple certifications obtained[56]. - The company is focusing on high-strength lightweight steel wheels, with a 43.92% increase in sales in the OE market for new energy vehicles[54]. - The company will enhance R&D in tireless steel wheel optimization technology and lightweight, environmentally friendly products, focusing on advanced analysis software for product structure[109]. Market Position and Strategy - The company is a leading manufacturer of automotive steel wheels in China, ranking among the top 100 automotive parts enterprises in 2018, with growth in revenue, production capacity, and output of tubeless steel wheels[34]. - The company aims to become a leading enterprise in the steel products industry, targeting an annual steel usage of over 500,000 tons[103]. - The company plans to adjust its product structure to enhance overall gross margin by developing supporting products for steel structure engineering, transitioning from a single manufacturer to a "green building industrial integration system provider"[104]. - The company will deepen its presence in the OE market and leverage IoT platforms to increase steel wheel sales and market share[105]. Financial Management - The company has a structured approach to managing its guarantee obligations, ensuring compliance with regulations[160]. - The total amount of entrusted financial management from bank financial products reached CNY 19.5 billion, with no overdue amounts reported[162]. - The company has engaged in cash asset management through entrusted financial management during the reporting period[161]. - The company has not reported any overdue or unrecoverable principal in its entrusted financial management activities[162]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure to protect shareholder and creditor rights, ensuring timely and accurate information disclosure[165]. - The company has maintained a continuous relationship with its accounting firm, with an audit fee of 680,000 CNY for the current period[138]. - The company has not faced any major litigation or arbitration matters during the reporting period[139]. - The company has adhered to its commitments regarding related party transactions and has ensured compliance with relevant laws and regulations[132]. Social Responsibility and Environmental Impact - The company has invested CNY 10 million in healthcare resources for impoverished areas as part of its social responsibility initiatives[170]. - The company operates 81 main environmental protection devices, ensuring that all pollutants are treated effectively and meet discharge standards[171]. - The company emphasizes environmental protection and has implemented advanced environmental management systems to promote resource-saving and eco-friendly practices[168]. - The company actively engages in social responsibility, enhancing its governance system and promoting harmonious development with surrounding communities[165].

Financial Performance - Operating revenue for the period reached CNY 762,680,303.07, representing a 63.70% increase year-on-year [8]. - Net profit attributable to shareholders rose by 67.55% to CNY 19,804,408.88 for the period [8]. - Basic earnings per share increased by 50.00% to CNY 0.03 [8]. - Operating income for the year-to-date period increased by 63.70% due to a rise in orders [21]. - Income tax expenses increased by 30.05% compared to the same period last year, primarily due to the increase in profit leading to higher tax provisions [28]. - The company expects a net profit attributable to shareholders for 2018 to range between 67.85 million and 101.77 million yuan, representing a change of 0.00% to 50.00% compared to the previous year [37]. Cash Flow - The net cash flow from operating activities was negative at CNY -169,930,559.57, a decrease of 293.15% compared to the same period last year [8]. - Cash received from sales of goods and services grew by 53.35% year-on-year, attributed to increased sales revenue and improved cash collection [28]. - Cash received from other operating activities surged by 198.36% year-on-year, mainly due to an increase in the recovery of deposits [29]. - Cash paid for purchasing goods and services rose by 53.77% compared to the previous year, driven by higher raw material purchases [30]. - Cash paid for various taxes increased by 36.05% year-on-year, resulting from higher revenue leading to increased VAT and income tax expenses [30]. - Cash recovered from investments increased by 161.13% year-on-year, primarily due to the recovery of investments in an associated company [32]. - Cash paid for acquiring fixed assets, intangible assets, and other long-term assets rose by 37.14% year-on-year, due to increased investments in the Hu'an project and the establishment of a new forging company [32]. Assets and Investments - Total assets increased by 5.48% to CNY 3,994,876,431.55 compared to the end of the previous year [8]. - Long-term equity investments decreased by 100.00% due to a reduction in the joint venture's capital [17]. Expenses - Sales expenses increased by 47.90% due to higher domestic and international shipping costs related to increased product sales [22]. - Financial expenses decreased by 53.38% primarily due to the depreciation of the RMB against the USD [23]. - Other income decreased by 35.78% due to a reduction in government subsidy income [24]. Market and Strategic Challenges - The company is facing significant impacts from anti-dumping and countervailing investigations in the U.S., prompting a strategy to enhance market development outside the U.S. and increase production capacity in Vietnam [34][35]. - The company has no overdue commitments from controlling shareholders or related parties during the reporting period [36].

Financial Performance - The company's operating revenue for the first half of 2018 was ¥1,459,791,414.72, representing a 67.07% increase compared to ¥873,769,236.48 in the same period last year[18]. - The net profit attributable to shareholders was ¥41,725,455.65, up 28.13% from ¥32,564,177.03 year-on-year[18]. - The net profit after deducting non-recurring gains and losses increased by 120.43%, reaching ¥38,777,501.04 compared to ¥17,592,002.44 in the previous year[18]. - The net cash flow from operating activities was ¥136,991,125.37, a significant improvement of 182.39% from a negative cash flow of -¥166,277,028.76 in the same period last year[18]. - The total profit reached 50.35 million CNY, up 25.39% compared to the previous year[45]. - The gross profit margin for the transportation parts (automotive steel wheels) segment was 12.37%, a decrease of 2.42% year-on-year, while the gross profit margin for the metal products segment was 13.45%, down by 5.36%[55]. - The company reported a basic earnings per share of CNY 0.06, compared to CNY 0.05 in the previous year, representing a 20% increase[185]. - The total comprehensive income for the first half of 2018 was CNY 41,007,317.98, compared to CNY 31,699,939.64 in the previous year, indicating an increase of about 29.5%[185]. Revenue Breakdown - The steel structure business generated revenue of 869.45 million CNY, a significant increase of 111.65%[46]. - The domestic steel structure business revenue was 690.95 million CNY, growing by 137.27%[46]. - The steel wheel business reported revenue of 491.42 million CNY, an increase of 23.62% year-on-year[48]. - Sales in the OE market for steel wheels grew by 58.6% compared to the previous year[48]. - The company has developed a full range of lightweight steel wheel products, with external sales increasing by 16.27%[48]. - The domestic revenue accounted for 65.20% of total revenue, amounting to ¥951,845,698.93, while international revenue was ¥507,945,715.79, making up 34.80%[54]. Investment and Assets - The total assets at the end of the reporting period were ¥4,058,901,695.32, reflecting a 7.17% increase from ¥3,787,230,817.75 at the end of the previous year[18]. - The net assets attributable to shareholders were ¥1,838,956,994.31, a slight increase of 0.52% from ¥1,829,374,805.30 at the end of the previous year[18]. - The company's long-term equity investments decreased by 100% due to a capital reduction in its associate company, Zhiheng (Xiamen) Microelectronics Co., Ltd.[27]. - The company's cash and cash equivalents increased to 580.36 million, representing 14.30% of total assets, up from 13.85%[63]. - Inventory increased to 1.59 billion, accounting for 39.24% of total assets, up from 35.05%[63]. Operational Efficiency - The company has established a comprehensive quality management system and barcode management system, ensuring full traceability of production processes and quality management for steel structure products[30]. - The company has modern steel structure processing bases in Zhangzhou and Nanchong, equipped with advanced processing equipment, which improves product quality and production efficiency[33]. - The company has accumulated extensive project management experience and brand reputation in the equipment steel structure manufacturing sector, collaborating with major international EPC companies across Southeast Asia, the Middle East, and Africa[34]. - Operating costs rose by 74% year-on-year, primarily due to increased production and higher unit costs of key materials[57]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[120]. - The company has implemented organized emissions for various pollutants, including a concentration of 69.7 mg/L for COD[121]. - The company constructed a wastewater treatment plant with a capacity of 15 m³/h to handle wastewater generated from acid washing and painting processes[129]. - The company has established a hazardous waste storage facility with three rooms for the management of hazardous waste generated during production[139]. - The company is committed to environmental compliance by constructing facilities that meet local pollution discharge standards[129]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,174[159]. - Wu Ziwen holds 41.04% of the shares, amounting to 287,783,400 shares, with 71,945,850 shares pledged[160]. - The total number of restricted shares at the end of the period was 234,667,550, with no new restrictions added[157]. - The company did not experience any changes in its controlling shareholder during the reporting period[162]. - The company’s total share capital remains at 701,145,000 shares after recent changes, with 66.53% being unrestricted shares[155]. Future Outlook - The company plans to achieve a net profit attributable to shareholders of the listed company in the range of ¥4,882.28 million to ¥6,657.66 million for the first three quarters of 2018, representing a year-on-year increase of 10.00% to 50.00%[82]. - The company is facing risks related to changes in domestic macroeconomic policies, which could impact market demand and industry profits[83]. - The company is adjusting its business structure and increasing production capacity in Vietnam to mitigate international trade policy impacts[86].