Financial Performance - The company's operating revenue for 2017 was CNY 595,959,880.29, representing a 34.06% increase compared to CNY 444,533,829.91 in 2016[19]. - The net profit attributable to shareholders for 2017 was CNY 15,986,370.32, a significant turnaround from a loss of CNY 164,484,674.13 in 2016, marking a 109.72% improvement[19]. - The total profit reached CNY 14.34 million, up 109.55% year-on-year[41]. - Net profit attributable to shareholders was CNY 15.99 million, reflecting a 109.72% increase compared to the previous year[41]. - The company reported a significant increase in non-operating income, totaling CNY 29,655,277.29 in 2017, compared to CNY 15,435,370.17 in 2016, marking an increase of 92.5%[25]. - The company achieved operating revenue of CNY 595.96 million, a year-on-year increase of 34.06%[41]. - The company reported a total profit of CNY 14.34 million, reflecting a year-on-year increase of 109.55%[47]. - The company’s comprehensive gross profit margin significantly improved due to enhanced cost control measures and efficiency improvements[34]. Cash Flow and Assets - The net cash flow from operating activities for 2017 was CNY -73,553,267.42, a decline of 132.52% compared to CNY 226,171,687.39 in 2016[19]. - The total assets at the end of 2017 were CNY 2,389,458,039.88, a decrease of 6.29% from CNY 2,549,959,677.29 at the end of 2016[19]. - The company’s cash flow from operating activities was negative CNY 7.30 million, a decrease of CNY 30 million compared to the same period last year, representing a decline of 132.52%[47]. - The net increase in cash and cash equivalents was ¥506,564,503.68, marking a 257.30% improvement from the previous year[64]. - Accounts receivable decreased by 25.89% to ¥498,494,973.80, indicating enhanced collection efforts[65]. - The company reported a total inventory balance of ¥199,560,658.86 as of December 31, 2017, with a provision for inventory impairment of ¥3,363,078.76, representing 8.21% of total assets[200]. Research and Development - The company added 32 authorized patents during the reporting period, including 15 invention patents, bringing the total to 267 authorized patents[43]. - Research and development investment for 2017 was ¥50,958,398.55, accounting for 8.55% of operating revenue, a decrease from 15.79% in 2016[61]. - The company is currently involved in several key R&D projects, including ultra-low NOx emission technology and new energy-saving condenser development, with some projects in demonstration stages[61]. - The company has a research team with 121 personnel holding master's degrees or above, including 2 talents from the "Thousand Talents Program"[38]. - The number of R&D personnel decreased to 148 in 2017, representing 23.60% of the total workforce[61]. Market Strategy and Operations - The company aims to explore overseas sales opportunities as part of its "going out" strategy to expand market reach[6]. - The company completed three waste heat recovery projects in Langfang, Beitang, and Huo Zhou, contributing to a substantial increase in revenue[34]. - The company maintained its leading position in the oil-saving ignition business, with successful upgrades and optimizations of its plasma ignition technology[29]. - The company successfully installed and commissioned eight boilers in Turkey, Vietnam, India, and Pakistan during the reporting period[29]. - The company’s low-nitrogen combustion business achieved major breakthroughs in flue gas denitrification technology, successfully applied in a local project[30]. Risks and Challenges - The company faces risks related to increased market competition and the need for effective receivables collection due to pressures on downstream power generation enterprises[6]. - The company faced challenges in 2018, including declining revenue from traditional businesses and increasing market competition, particularly in low-NOx combustion and fuel-saving ignition sectors[85]. - The company is under pressure to recover accounts receivable due to the operational difficulties faced by downstream thermal power enterprises[92]. Profit Distribution and Shareholder Relations - The company will not distribute cash dividends or issue bonus shares for the year[7]. - The total distributable profit for the company was approximately ¥631.78 million, with a cash dividend ratio of 0.00%[101]. - The company has not distributed any cash dividends over the past three years, maintaining a consistent policy of no profit distribution[103]. - The board of directors emphasized that the company's profits were insufficient to cover previous years' losses, leading to the decision not to distribute profits[105]. - The independent directors confirmed their agreement with the profit distribution proposal for 2016 and 2017[100]. Governance and Compliance - The company has a complete governance structure with a clear division of responsibilities among the shareholders' meeting, board of directors, and supervisory board[181]. - The independent directors actively participated in board meetings, with no objections raised against company matters during the reporting period[186]. - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position and results of operations for the year ended December 31, 2017[198]. - The company has maintained its accounting firm, Zhongzheng Zhonghuan Accounting Firm, for five consecutive years, with an audit fee of 480,000 yuan[112]. Employee Management and Social Responsibility - The company has established a comprehensive employee performance evaluation and feedback mechanism to enhance its human resource management[44]. - The total number of employees in the company is 627, with 608 in the parent company and 19 in major subsidiaries[170]. - The company actively participated in social responsibility initiatives, including volunteer tree planting and educational support for underprivileged children[136]. - The company implemented four new internal regulations to enhance employee rights and maintain stable labor relations during the reporting period[135].

烟台龙源电力技术股份有限公司 2017 年第三季度报告全文 烟台龙源电力技术股份有限公司 2017 年第三季度报告 定 2017-006 2017 年 10 月 1 烟台龙源电力技术股份有限公司 2017 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。 公司负责人唐超雄、主管会计工作负责人刘克冷及会计机构负责人(会计主 管人员)刘克冷声明：保证季度报告中财务报表的真实、准确、完整。 2 烟台龙源电力技术股份有限公司 2017 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） | 2,375,036,300.91 | | 2,549,959,677.29 | -6.86% | | 归属于上市公司股 ...

烟台龙源电力技术股份有限公司 2017 年半年度报告全文 烟台龙源电力技术股份有限公司 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、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别 和连带的法律责任。 公司负责人唐超雄、主管会计工作负责人刘克冷及会计机构负责人(会计主 管人员)刘克冷声明：保证本半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。 1、技术领先优势缩小的风险。自成立以来，公司一直致力于火电节能环保 领域相关产品及技术的开发，主要业务包括节油点火业务、低氮燃烧业务、电 站节能业务、锅炉综合改造业务等，并向软件及服务领域拓展。产品类型不断 丰富，产品结构不断升级。公司若不能持续进行技术创新，则难以保持领先优 势，会陷入同质化经营。因此未来公司需要加快技术创新，保持核心竞争力， 确保在行业中的领先地位。为此，公司要坚持技术领先的发展战略，继续加大 在研发方面的投入，引进和培养更多高端优秀人才；同时积极寻找和培育新技 术、新项目，为持续发展奠定基础。对于新培育的技术和项目要加快实施转化， 形成新的业 ...

烟台龙源电力技术股份有限公司 2017 年第一季度报告全文 烟台龙源电力技术股份有限公司 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。 公司负责人唐超雄、主管会计工作负责人刘克冷及会计机构负责人(会计主 管人员)刘克冷声明：保证季度报告中财务报表的真实、准确、完整。 2 烟台龙源电力技术股份有限公司 2017 年第一季度报告全文 第二节 公司基本情况 2017 年第一季度报告 定 2017-003 2017 年 04 月 1 烟台龙源电力技术股份有限公司 2017 年第一季度报告全文 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等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 | | --- | --- | --- | --- | | 营业总收入（元） | 86,841,043.59 | 70,643,558.78 | 22.93% | | 归属于上市公司股东的 ...

Financial Performance - The company's operating revenue for 2016 was CNY 444,533,829.91, a decrease of 46.94% compared to CNY 837,764,720.38 in 2015[17] - The net profit attributable to shareholders was a loss of CNY 164,484,674.13, representing a decline of 243.95% from a loss of CNY 47,822,654.53 in the previous year[17] - The basic earnings per share for 2016 was -CNY 0.3205, a decline of 243.95% compared to -CNY 0.0932 in 2015[17] - The company reported a net profit loss of CNY 12.43 million from its subsidiary Shanghai Yinguo Thermal Equipment Co., Ltd.[75] - The company reported a net profit loss of CNY 173,837,800.98, compared to a net loss of CNY 50,960,533.18 in the previous year, indicating a significant increase in losses[197] - The total comprehensive income attributable to the parent company is CNY -163,775,118.44, compared to CNY -47,194,630.41 in the previous period[198] - The total comprehensive income for the current period is CNY -173,128,245.29, compared to CNY -50,332,509.06 in the previous period[198] Cash Flow and Assets - The net cash flow from operating activities increased significantly to CNY 226,171,687.39, up 461.06% from CNY 40,311,478.22 in 2015[17] - The total assets at the end of 2016 were CNY 2,549,959,677.29, down 8.70% from CNY 2,793,085,324.51 at the end of 2015[17] - The total amount of cash and cash equivalents decreased by 14,356.12% to -¥322,043,558.11[57] - The company's cash and cash equivalents increased to ¥1,148,487,293.99 from ¥894,716,290.55, showing an increase of about 28.4%[192] - Accounts receivable decreased from CNY 1,018,821,723.02 to CNY 672,631,772.98, indicating a reduction of approximately 33.9%[188] Operational Efficiency - The company achieved a 94% concentration in procurement through centralized purchasing, effectively reducing procurement costs[27] - The company experienced a significant increase in cash flow in Q4 2016, with a net cash flow from operating activities of CNY 140,952,957.89[19] - The company has implemented organizational adjustments and salary reforms to enhance operational efficiency and align with its development strategy[39] - The company is focusing on transforming its technology into new pillar industries, including boiler comprehensive renovation and ultra-low emissions[77] Research and Development - The company’s R&D investment for the year was ¥70 million, a decrease of 22.22% compared to the previous year[41] - Research and development investment for 2016 was ¥70,172,043.75, which is 15.79% of the operating revenue[54] - The company obtained 34 new authorized patents during the reporting period, including 18 invention patents, bringing the total to 246 authorized patents by the end of the period[37] - The company is currently validating its ultra-low nitrogen emission technology, which, if successful, will create a new growth point in the industry[26] Market and Sales - The revenue from the oil-saving business was ¥161 million, down 40.83% year-on-year, while the low-nitrogen combustion business revenue was ¥128 million, down 67.95%[41] - The company signed its first MGGH project and multiple economizer bypass flue projects during the reporting period, enhancing its marketing efforts despite a challenging market environment[38] - The company is actively pursuing international business opportunities, including plasma ignition projects in South Korea and micro-oil ignition projects in India and Indonesia[38] - The company is enhancing its marketing management by deepening market research and adapting to customer needs, aiming to improve sales and customer satisfaction[79] Governance and Compliance - The company has established a robust governance structure, ensuring compliance with relevant laws and regulations[161] - The board of directors consists of 9 members, including 4 independent directors, complying with legal requirements[162] - The independent directors' suggestions were fully adopted, enhancing the fairness and scientific nature of board decisions[171] - There were no penalties or rectifications during the reporting period[101] Shareholder Information - The total number of shares outstanding is 513,216,000, with 100% being unrestricted shares[124] - The largest shareholder, Guodian Technology & Environment Group Co., Ltd., holds 23.25% of the shares, totaling 119,322,720 shares[126] - The company did not issue any new shares or conduct any share buybacks during the reporting period[125] - The company has maintained a consistent policy of not distributing profits for the last three years, including 2016 and 2015[93] Future Outlook - The company has provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[150] - The management team has emphasized the importance of sustainability in future strategies, aiming for a 50% reduction in carbon emissions by 2025[150] - A strategic acquisition of a local competitor is anticipated to enhance operational efficiency and increase market share by 5%[150] Social Responsibility - The company has established a volunteer service team that participated in various charitable activities, donating 32 boxes of clothing and books to impoverished areas during the reporting period[120] - The company strictly adheres to labor laws and has implemented 12 systems to maintain harmonious labor relations, ensuring employee rights are protected[120]

烟台龙源电力技术股份有限公司 2016 年第三季度报告 定 2016-006 2016 年 10 月 1 烟台龙源电力技术股份有限公司 2016 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资 料不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 烟台龙源电力技术股份有限公司 2016 年第三季度报告全文 所有董事均已出席了审议本次季报的董事会会议。 公司负责人唐超雄、主管会计工作负责人刘克冷及会计机构负责人(会计主 管人员)刘克冷声明：保证季度报告中财务报告的真实、完整。 2 烟台龙源电力技术股份有限公司 2016 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 公司是否因会计政策变更及会计差错更正等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） | 2,619,086,394.05 | 2,793,085,324.51 | | ...

烟台龙源电力技术股份有限公司 2016 年半年度报告全文 烟台龙源电力技术股份有限公司 2016 年半年度报告 定 2016-005 2016 年 08 月 1 烟台龙源电力技术股份有限公司 2016 年半年度报告全文 第一节 重要提示、释义 本公司董事会、监事会及董事、监事、高级管理人员保证本报告所载资料 不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确 性、完整性承担个别及连带责任。 公司负责人唐超雄、主管会计工作负责人刘克冷及会计机构负责人(会计主 管人员)刘克冷声明：保证年度报告中财务报告的真实、准确、完整。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 姜付秀 独立董事 工作原因 胡湘燕 | 第一节 重要提示、释义 2 | | --- | | 第二节 公司基本情况简介 5 | | 第三节 董事会报告 8 | | 第四节 重要事项 19 | | 第五节 股份变动及股东情况 25 | | 第六节 董事、监事、高级管理人员情况 28 | | ...

烟台龙源电力技术股份有限公司 2016 年第一季度报告全文 烟台龙源电力技术股份有限公司 2016 年第一季度报告 定 2016-003 2016 年 04 月 烟台龙源电力技术股份有限公司 2016 年第一季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资 料不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准 确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人唐超雄、主管会计工作负责人刘克冷及会计机构负责人(会计主 管人员)刘克冷声明：保证季度报告中财务报告的真实、完整。 烟台龙源电力技术股份有限公司 2016 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 公司是否因会计政策变更及会计差错更正等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 | | --- | --- | --- | --- | | 营业总收入（元） | 70,643,558.78 | 152,921,285.76 | -53.80% | | 归属于上市公司 ...

烟台龙源电力技术股份有限公司 2015 年年度报告全文 烟台龙源电力技术股份有限公司 2015 年年度报告 定 2016-002 2016 年 03 月 1 烟台龙源电力技术股份有限公司 2015 年年度报告全文 第一节 重要提示、目录和释义 本公司董事会、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。 公司负责人唐超雄、主管会计工作负责人刘克冷及会计机构负责人(会计主 管人员)刘克冷声明：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。 本公司请投资者认真阅读本年度报告全文，并特别注意下列风险因素： （1）技术领先优势被缩小的风险。公司自成立以来，始终引领行业技术发 展。公司已从以等离子体节油、无油点火和稳燃业务为主，形成节油点火、低 氮燃烧、余热回收利用及锅炉综合改造等业务并举的良好局面，产品类型不断 丰富，产品结构不断优化。公司若不能持续进行技术创新，则难以保持行业领 先地位，会陷入同质化经营，技术领先优势可能被缩小。因此未来公司需要加 快技术创新，保持核心竞争力，确保在行业 ...

烟台龙源电力技术股份有限公司 2015 年第三季度报告全文 烟台龙源电力技术股份有限公司 2015 年第三季度报告 定 2015-006 2015 年 10 月 1 烟台龙源电力技术股份有限公司 2015 年第三季度报告全文 第一节 重要提示 本公司董事会、监事会及其董事、监事、高级管理人员保证本报告所载资料不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人汤得军、主管会计工作负责人刘克冷及会计机构负责人(会计主管人员)刘克冷声明：保证 季度报告中财务报告的真实、完整。 2 烟台龙源电力技术股份有限公司 2015 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 公司是否因会计政策变更及会计差错更正等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） | 2,912,225,368.45 | 3,180,736,104.16 | | - ...