深圳市安车检测股份有限公司 2019 年第一季度报告 深圳市安车检测股份有限公司 2019 年第一季度报告 （2019-026） 2019 年 04 月 1 深圳市安车检测股份有限公司 2019 年第一季度报告 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。 所有董事亲自出席了审议本次季报的董事会会议。 公司负责人贺宪宁、主管会计工作负责人李云彬及会计机构负责人(会计 主管人员)王巍声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市安车检测股份有限公司 2019 年第一季度报告 □ 是 √ 否 | | | 非经常性损益项目和金额 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 | | --- | --- | --- | --- | | 营业总收入（元） | 122,411,308.01 | 82,244,273.84 | 48.84% | | 归属于上市公司股 ...

深圳市安车检测股份有限公司 2018 年年度报告全文 深圳市安车检测股份有限公司 2018 年年度报告 2019 年 04 月 1 深圳市安车检测股份有限公司 2018 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。 次外，其余机动车的环保检测与机动车安全技术检验频率要求相一致。 公司负责人贺宪宁、主管会计工作负责人李云彬及会计机构负责人(会计主 管人员)王巍声明：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。 （一） 国家对在用机动车强制性检测政策发生变化的风险 机动车检验直接关系到道路交通安全和环保，与广大人民群众切身利益密 切相关，因此国家以法律、法规和标准等形式对在用机动车的安全、环保以及营 运车辆综合性能的强制性检测提出了明确要求，具体的检测频率依据车辆用途、 载客载货量、使用年限等有所不同。例如根据国务院于 2004 年颁布的《中华人 民共和国道路交通安全法实施条例》规定，机动车应当从注册登记之日起，按照 下列 ...

Financial Performance - Operating revenue for the reporting period was CNY 125,926,529.38, an increase of 25.49% year-on-year[8] - Net profit attributable to shareholders was CNY 34,062,543.17, representing a significant increase of 57.92% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 29,553,279.13, up 54.04% year-on-year[8] - The basic earnings per share for the reporting period was CNY 0.2449, a decrease of 23.68% compared to the same period last year[8] - The weighted average return on equity was 5.61%, an increase of 1.62% compared to the previous year[8] - Total operating revenue for Q3 2018 reached CNY 125.93 million, an increase of 25.6% compared to CNY 100.34 million in the same period last year[64] - Net profit for Q3 2018 was CNY 34.06 million, representing a 58.0% increase from CNY 21.57 million in Q3 2017[66] - The total comprehensive income for the third quarter was CNY 34,062,543.17, compared to CNY 21,569,227.24 in the same period last year, reflecting a growth of 58.0%[70] - The company’s total comprehensive income for the year-to-date period reached CNY 93,927,918.17, compared to CNY 60,515,374.40 in the previous year, indicating a growth of 55.0%[74] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,042,802,708.60, a decrease of 5.07% compared to the end of the previous year[8] - Cash and cash equivalents decreased by 51.13% compared to the beginning of the period, primarily due to bank deposits being used to purchase wealth management products[19] - Other receivables increased by 49.78% compared to the beginning of the period, mainly due to the growth in deposits and rental guarantees[19] - Other current assets grew by 49.89%, attributed to an increase of 150 million in bank deposits for wealth management products[19] - Construction in progress increased by 100%, due to the addition of new workshops, warehouses, and employee comprehensive buildings[19] - Long-term prepaid expenses surged by 369.11%, primarily due to new office renovation amortization[19] - Total assets decreased to CNY 1,079.37 million from CNY 1,135.30 million at the beginning of the period, a decline of 4.9%[62] - Current liabilities totaled CNY 419.65 million, down 24.0% from CNY 552.31 million at the start of the period[62] - Cash and cash equivalents decreased to CNY 204.19 million from CNY 418.81 million, a drop of 51.2%[61] Cash Flow - The company reported a net cash flow from operating activities of CNY -41,808,892.78, a decrease of 133.40% compared to the previous year[8] - The cash flow from operating activities showed a net outflow of CNY 41,808,892.78, contrasting with a net inflow of CNY 125,173,103.21 in the same period last year[81] - Investment activities resulted in a net cash outflow of CNY 157,320,904.67, compared to a larger outflow of CNY 297,459,282.95 in the previous year[81] - The net cash flow from investment activities was -142,913,638.74 CNY, an improvement from -296,758,947.95 CNY in the previous period[85] - The total cash inflow from financing activities was 21,468,863.11 CNY, compared to 17,242,554.93 CNY in the previous period[85] - The net cash flow from financing activities was 4,591,807.70 CNY, a significant recovery from -20,766,918.17 CNY in the previous period[85] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,801[12] - The largest shareholder, He Xian Ning, holds 27.88% of the shares, amounting to 33,747,840 shares[12] - The company maintains a cash dividend policy prioritizing cash distributions, with a minimum of 80% cash dividends during mature stages without major capital expenditures[44] - In the event of significant capital expenditures, the minimum cash dividend ratio is set at 40% for mature stages and 20% for growth stages[46] - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares, totaling approximately RMB 16.81 million based on the current total share capital of 67,254,000 shares[50] - The company has not made any adjustments to its cash dividend policy during the reporting period, ensuring compliance with its established profit distribution procedures[49] - The company has no significant investment plans or major cash payments that would affect its ability to distribute dividends[46] Investments and Acquisitions - The company participated in establishing an environmental investment fund with a total scale of RMB 15 million, contributing RMB 3 million[30] - A joint venture company, Beijing Anxun Weiye Technology Co., Ltd., was established with a registered capital of RMB 5.1 million, with the company holding a 51% stake[32] - The company plans to acquire 70% equity in Xingche Motor Vehicle Inspection Co., Ltd., consisting of 32.75 million shares for a total investment of RMB 3,275,000 and an additional 2.25 million shares for RMB 225,000[34][35] - The acquisition aims to enhance the company's market share in the motor vehicle inspection sector in Qingdao and surrounding areas, improving business structure and operational efficiency[35] Research and Development - Research and development expenses for the third quarter amounted to CNY 5,624,796.07, slightly up from CNY 5,533,480.41 year-on-year[68] - Research and development expenses were CNY 17,473,597.81, slightly up from CNY 17,214,197.92 year-over-year[77]

Financial Performance - The company's total revenue for the reporting period reached RMB 236,660,702.90, representing a 25.15% increase compared to RMB 189,095,998.94 in the same period last year[37]. - Net profit attributable to shareholders was RMB 59,865,375.00, a significant increase of 53.71% from RMB 38,946,147.16 year-on-year[37]. - The net profit after deducting non-recurring gains and losses was RMB 54,416,633.56, up 44.27% from RMB 37,717,429.49 in the previous year[37]. - Basic earnings per share increased by 34.65% to RMB 0.7854 from RMB 0.5833 in the same period last year[38]. - The company's total assets decreased by 4.84% to RMB 1,045,362,977.46 from RMB 1,098,484,208.68 at the end of the previous year[38]. - The net assets attributable to shareholders increased by 7.94% to RMB 603,565,320.46 from RMB 559,149,177.32 at the end of the previous year[38]. - The company's cash and cash equivalents decreased by 47.74% compared to the beginning of the period, primarily due to investments in bank wealth management products[51]. - The company's other current assets increased by 50.11%, mainly due to an increase of 150 million in bank deposits for wealth management products[51]. - The company's operating revenue for the current period reached ¥236,660,702.90, representing a year-on-year increase of 25.15% compared to ¥189,095,998.94 in the same period last year[77]. - Operating costs increased by 25.97% to ¥119,422,851.83 from ¥94,805,661.62, resulting in a slight decrease in gross margin[77]. - Research and development expenses rose by 5.21% to ¥12,949,674.88, indicating continued investment in innovation[77]. - The net cash flow from operating activities significantly decreased by 164.61%, dropping to -¥34,270,313.69 from ¥53,045,270.42, primarily due to payments for goods and employee compensation[77]. - Investment income surged by 598.48% to ¥6,090,259.08, attributed to returns from bank wealth management products[78]. - The company's cash and cash equivalents decreased by 30.32% to -¥184,228,894.13, mainly due to increased bank deposits for wealth management purchases[78]. - The total assets at the end of the reporting period amounted to ¥1,016,000,000, with cash and cash equivalents accounting for 21.01% of total assets[84]. - The company reported a significant increase in other income, which rose by 30.06% to ¥9,364,711.80, driven by increased VAT refunds following expanded production and sales[78]. Market Position and Competition - The company is a leading player in the vehicle inspection system and network supervision system industry, holding a dominant market position[16]. - The demand for vehicle inspection services is closely tied to the number of vehicles in use, which is influenced by macroeconomic conditions and consumer income levels[15]. - The company faces risks from potential changes in national policies regarding mandatory vehicle inspections, which could impact market demand for inspection systems[9]. - Increased competition from traditional vehicle inspection equipment manufacturers and foreign brands entering the market poses a risk to the company's market share and profit margins[16]. - The company is aware of the risks associated with government pricing policies for vehicle inspections, which could affect the profitability of inspection agencies and subsequently reduce market demand for its products[12]. - The company has served over 1,000 clients across 31 provincial administrative regions in China, solidifying its market position[63]. - The domestic vehicle ownership reached 319 million by June 2018, with 229 million being cars, driving demand for vehicle inspection services[71]. - The company operates in a competitive market, with increasing pressure from both domestic and international competitors, which may affect market share and profit margins[117]. - The demand for vehicle inspection services is closely tied to the macroeconomic environment and vehicle ownership rates, which could impact future business growth[116]. Technological Innovation - The company emphasizes the importance of technological innovation to respond to evolving industry standards and maintain market competitiveness[10]. - The company has developed a comprehensive vehicle inspection system and intelligent driver examination solutions, enhancing operational efficiency and automation in the vehicle inspection industry[46]. - The company leverages new technologies such as IoT and cloud computing to improve its vehicle inspection systems, ensuring accurate and efficient testing processes[47]. - The company has implemented a remote monitoring system for inspection agencies and repair enterprises, promoting fairness and scientific management in vehicle inspections[47]. - The company has developed a specialized detection system for the new intelligent rail rapid transit system (ART), enhancing its product offerings[64]. - The company has a strong competitive advantage in technology, focusing on innovation in the vehicle inspection field and applying leading technologies to product development[52]. - The company has noted that changes in vehicle inspection standards could create new demands for updated inspection systems, benefiting those who can innovate quickly[10]. - The company has achieved nationwide coverage of its vehicle inspection systems across all 31 provincial-level administrative regions in China, excluding Hong Kong, Macau, and Taiwan[48]. - As of June 30, 2018, the company holds 57 patents and 41 software copyrights, with an additional 13 patents pending[53]. - The number of patents held by the company increased to 57, with 6 new patents added during the reporting period[67]. Corporate Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, with key management personnel affirming the integrity of the half-year report[5]. - The company will not distribute cash dividends, issue bonus shares, or increase capital from reserves for the first half of 2018[17]. - The company has undergone a registration change, with the new registered address effective from July 6, 2018[30]. - The company’s information disclosure newspapers include Securities Times and China Securities Journal[29]. - The company has made commitments to ensure compliance with regulations set by the China Securities Regulatory Commission and Shenzhen Stock Exchange[136]. - The company is committed to ensuring compliance with social security and housing fund contributions for employees, with compensation for any penalties incurred[131]. - The company has a commitment to adhere to self-imposed restrictions on share circulation and voluntary lock-up agreements[125]. - The company will notify the listed company three trading days in advance before any stock reduction actions[126]. - The company has pledged to return any profits from stock sales that violate its commitments to the listed company[126]. - The company will strictly adhere to laws and regulations regarding related party transactions, ensuring fairness and transparency[128]. - The company has not engaged in any significant related party transactions during the reporting period[149]. - The company has not reported any changes in the fundraising projects during the reporting period[96]. - The company has not engaged in any derivative investments during the reporting period[103]. - The company has not reported any expected significant changes in net profit for the upcoming period[109]. - The company has not faced any penalties or rectification issues during the reporting period[143]. Shareholder Information and Incentives - The company’s stock code is 300572, and it is listed on the Shenzhen Stock Exchange[25]. - The company’s legal representative is He Xianning[25]. - The company’s total equity after the capital reserve conversion is 121,057,200 shares[177]. - The company proposed a cash dividend of RMB 2.50 per 10 shares, totaling RMB 16,813,500, and a capital reserve conversion of 8 shares for every 10 shares held, increasing total shares from 67,254,000 to 121,057,200[169]. - The total number of shares increased by 53,803,200 shares due to the capital reserve conversion[175]. - The basic earnings per share decreased from 0.8901 to 0.7854 after the capital increase, representing a decline of approximately 11.8%[182]. - The diluted earnings per share also decreased from 0.8901 to 0.7854, reflecting the same percentage decline of approximately 11.8%[182]. - The net asset value per share dropped from 8.9744 to 4.9858, indicating a significant reduction of about 44.5%[182]. - The largest shareholder, He Xian Ning, holds 27.88% of the shares, totaling 33,747,840 shares, with an increase of 14,999,040 shares during the period[186]. - Shenzhen Chejia Investment Co., Ltd. holds 13.94% of the shares, amounting to 16,873,920 shares, with an increase of 7,499,520 shares[186]. - Zhejiang Huairui Investment Co., Ltd. holds 3.94% of the shares, totaling 4,770,900 shares, with an increase of 1,980,900 shares[187]. - The company has a stock incentive plan with a portion of shares becoming tradable on June 15, 2018[183]. - The total number of restricted shares at the end of the period was 65,147,400 shares, with various shareholders having different unlock dates[184]. - The company has 88 incentive plan participants, including core R&D, sales, and production personnel[137]. - The company has made commitments to improve its compensation system to align with performance measures[136]. - The company approved the 2017 Restricted Stock Incentive Plan, granting 800,000 shares, which represents 1.20% of the total share capital of 66,670,000 shares[144]. Future Plans and Investments - The company plans to expand its service network and improve service efficiency to enhance customer loyalty and market share[74]. - The establishment of the Shandong production base has further improved the company's self-manufacturing capabilities for detection platforms[59]. - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge[78]. - The company aims to expand its market share by increasing service outlets and pursuing acquisitions in relatively weak regional markets[133]. - The company will enhance internal controls and implement comprehensive budget management to improve operational efficiency and profitability[133]. - The company is committed to enhancing its main business and accelerating the investment progress of fundraising projects to improve overall market competitiveness and profitability[132]. - The company will actively seek funding through various channels to invest in projects ahead of the arrival of raised funds to achieve expected returns[132]. - The company has committed to continuously improving measures to compensate for the dilution of immediate returns as per the regulations from the China Securities Regulatory Commission[134]. - The company emphasizes the importance of maintaining a sound profit distribution system and strengthening the investor return mechanism[133]. - The company will leverage its technological advantages and rapid response capabilities to consolidate existing product advantages and further enrich its product line[133].

深圳市安车检测股份有限公司 2018 年第一季度报告全文 2018 年第一季度报告 2018 年 04 月 1 深圳市安车检测股份有限公司 2018 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。 公司负责人贺宪宁、主管会计工作负责人李云彬及会计机构负责人(会计主 管人员)王巍声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市安车检测股份有限公司 2018 年第一季度报告全文 深圳市安车检测股份有限公司 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 | | | --- | --- | --- | --- | --- | | 营业总收入（元） | 82,244,273.84 | 70,171,577.85 | | 17.20% | | 归属于上市公司股东的净利润（元） | 14,749,029. ...

Compliance and Regulatory Environment - The company emphasizes the importance of compliance with national mandatory vehicle inspection policies, which directly impact the demand for its products[5] - The company faces risks related to changes in vehicle inspection standards, which may require technological upgrades and new product development to maintain market share[9] - The company is subject to government pricing regulations for vehicle inspection services, which may limit profitability if operational costs rise without corresponding price adjustments[11] - The company is actively monitoring regulatory changes that could affect the vehicle inspection market and its operational strategies[5] - The demand for mandatory vehicle inspections is expected to expand due to increasing vehicle ownership and government policies aimed at improving road safety and reducing emissions[46] - The frequency of vehicle inspections is increasing due to regulations, with specific requirements for different vehicle types, further driving market demand[117] Market Dynamics and Economic Factors - The company's performance is closely tied to macroeconomic conditions and the growth of vehicle ownership, which could affect demand for vehicle inspection services[14] - The company acknowledges the potential impact of economic fluctuations on vehicle sales and, consequently, on its business growth[14] - The company reported a significant increase in vehicle ownership in recent years, which has positively influenced the demand for its inspection systems[14] - The increasing demand in the downstream market is driven by the growth in motor vehicle ownership and stricter national inspection standards, leading to rapid industry development[15] - The company faces risks of market share and profit margin decline due to intensified competition from traditional manufacturers and foreign brands entering the domestic market[15] - The number of motor vehicles in China reached 310 million by the end of 2017, with 217 million being cars, indicating a growing demand for vehicle inspection services[42] Financial Performance and Metrics - The company's operating revenue for 2017 was CNY 411,769,600.70, representing a year-on-year increase of 29.41% compared to CNY 318,181,180.57 in 2016[29] - The net profit attributable to shareholders for 2017 was CNY 79,048,006.68, a significant increase of 61.21% from CNY 49,033,822.79 in 2016[29] - The net profit after deducting non-recurring gains and losses was CNY 72,092,047.93, up 52.63% from CNY 47,231,934.00 in the previous year[29] - The net cash flow from operating activities reached CNY 184,916,735.51, marking a 50.39% increase from CNY 122,955,653.51 in 2016[29] - The total assets at the end of 2017 amounted to CNY 1,098,484,208.68, reflecting a growth of 25.60% compared to CNY 874,607,917.81 at the end of 2016[29] - The basic earnings per share for 2017 was CNY 1.1857, which is a 24.26% increase from CNY 0.9542 in 2016[29] Research and Development - The company is focused on technological innovation to respond to stricter industry standards and enhance product offerings[9] - The company plans to increase R&D investment to develop new technologies and products, particularly in non-destructive fuel consumption measurement and new energy vehicle inspection technologies[126] - The company has focused on developing new products, including a vehicle body outline detection system, which aims to enhance measurement accuracy and efficiency[93] - The number of R&D personnel increased to 126 in 2017, representing 16.45% of the total workforce, up from 14.26% in 2016[94] - In 2017, the company's total R&D investment reached CNY 28.56 million, accounting for 6.94% of operating revenue, an increase from 6.77% in 2016[93] Corporate Governance and Investor Relations - The company has implemented measures to ensure the accuracy and completeness of its financial reporting, with key personnel affirming the integrity of the annual report[4] - The company is actively enhancing its governance structure and internal controls to improve operational transparency and investor relations[78] - The company has conducted multiple investor relations activities throughout 2017, including site visits and performance briefings[136] - The company is committed to transparency and will publicly announce any share reduction plans in accordance with regulatory requirements[147] - The company has established a clear framework for share reduction to maintain investor confidence and comply with market regulations[145] Shareholder Returns and Dividend Policy - The profit distribution plan approved by the board is to distribute a cash dividend of 2.50 RMB (including tax) for every 10 shares based on a base of 67,254,000 shares, with no bonus shares issued[15] - The total distributable profit for the year was RMB 193,911,648.81, with cash dividends accounting for 100% of the profit distribution[139] - The cash dividend for 2017 represented 21.27% of the net profit attributable to ordinary shareholders of the listed company[144] - The company is in a growth stage and has significant capital expenditure plans, maintaining a minimum cash dividend ratio of 20%[139] - The company has committed to not selling shares during the lock-up period and will limit annual sales to 25% of total shares held after the lock-up period[144] Operational Efficiency and Cost Management - The company will implement refined management to reduce costs and improve overall efficiency, aiming to enhance product quality and reduce production costs through increased self-manufacturing rates[130][131] - The company has implemented comprehensive budget management and strengthened cost control to improve operational efficiency and profitability[155] - The company aims to enhance internal controls and risk management to effectively manage operational risks and improve asset utilization[155] - The company has a strong emphasis on research and development to produce high-quality products, aligning with its social responsibility goals[195] Strategic Growth and Market Expansion - The company aims to enhance its core competitiveness by improving product quality, service capabilities, technical levels, and management, aspiring to become a world-renowned provider of vehicle inspection solutions[125] - The company intends to expand its service network and improve service efficiency to enhance customer satisfaction and loyalty, focusing on key provinces first[127] - The company will strengthen market analysis and expand sales in cities with high demand and strong financial capabilities, while also exploring new fields such as one-stop vehicle maintenance services[128] - The company plans to expand its market presence by leveraging technology and service network enhancements, aiming to increase market share in underdeveloped regions[155] Awards and Recognition - The company has received multiple awards for its contributions to the automotive repair equipment industry and has been recognized as a high-tech enterprise[52] - The company received multiple honors, including "2016 Five-Star Integrity Enterprise in Automotive Maintenance" and "2016 Excellent Member Unit in Automotive Maintenance Industry" during the reporting period[196]

深圳市安车检测股份有限公司 2017 年第三季度报告全文 深圳市安车检测股份有限公司 2017 年第三季度报告 2017 年 10 月 1 深圳市安车检测股份有限公司 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。 公司负责人贺宪宁、主管会计工作负责人李云彬及会计机构负责人(会计主 管人员)王巍声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市安车检测股份有限公司 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） | 1,058,213,642.37 | | 874,607,917.81 | 20.99% | | 归属于上市公司股东的净资产 （元） | 551,27 ...

Financial Performance - Total revenue for the reporting period reached ¥189,095,998.94, an increase of 27.82% compared to ¥147,933,929.24 in the same period last year[32] - Net profit attributable to shareholders was ¥38,946,147.16, reflecting a growth of 54.38% from ¥25,227,103.30 year-on-year[32] - Net cash flow from operating activities surged by 175.84% to ¥53,045,270.42, compared to ¥19,230,769.13 in the previous year[32] - Basic earnings per share increased by 15.62% to ¥0.5833, up from ¥0.5045 in the same period last year[32] - Total assets at the end of the reporting period amounted to ¥959,884,779.94, a 9.75% increase from ¥874,607,917.81 at the end of the previous year[32] - Net assets attributable to shareholders rose by 4.51% to ¥529,250,482.94, compared to ¥506,430,881.56 at the end of the last fiscal year[32] - The weighted average return on equity decreased to 7.44%, down from 9.47% in the previous year, a decline of 2.03%[32] - The company achieved total operating revenue of CNY 189.10 million in the first half of 2017, representing a year-on-year growth of 27.82%[54] - Net profit attributable to shareholders reached CNY 38.95 million, an increase of 54.38% compared to the same period last year[54] - The net cash flow from operating activities was CNY 53.05 million, showing a significant increase of 175.84% year-on-year[54] Assets and Liabilities - As of June 30, 2017, the company's accounts receivable balance was 90.37 million yuan, accounting for 9.41% of total assets[12] - The company's cash and cash equivalents decreased by 48.08% compared to the beginning of the period, primarily due to investments in bank principal-protected financial products[46] - Total current liabilities rose to CNY 430,115,963.83 from CNY 367,648,703.06, an increase of about 16.9%[165] - The company's equity attributable to shareholders increased to CNY 529,250,482.94 from CNY 506,430,881.56, representing a growth of approximately 4.5%[166] - The total amount of funds raised was RMB 202,249,200[70] - The net amount of funds raised after deducting issuance costs was RMB 203,677,600[70] - As of June 30, 2017, the actual balance of the funds raised was RMB 204,915,700[70] Risks and Challenges - The company faces risks related to changes in mandatory vehicle inspection policies, which could reduce market demand for its products[7] - The company is exposed to risks from changes in vehicle inspection standards, which may require technological upgrades and new product development[9] - The company is at risk of reduced profitability if inspection fees do not adjust in line with rising operational costs[10] - The growth in vehicle ownership in China has been rapid, but future economic changes could impact this trend and subsequently affect the company's business[89] - The company holds a leading position in the vehicle inspection system market, but faces increasing competition from both domestic and international players[90] Research and Development - The company holds 48 patents and 26 software copyrights, demonstrating its strong R&D capabilities in the vehicle inspection sector[48] - The company’s research and development investment rose to CNY 12.31 million, a 29.57% increase from the previous year, reflecting a commitment to innovation[58] - Research and development expenses increased by 30% year-on-year, focusing on new technologies in vehicle inspection[96] - The company emphasizes the importance of technological innovation to respond to new industry standards and maintain market competitiveness[9] Market Strategy and Expansion - The company plans to continue expanding its production capacity and developing new products to meet growing market demand[54] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2018[97] - A strategic acquisition of a local competitor is anticipated to enhance service capabilities and customer base by 15%[96] - The company is exploring potential mergers and acquisitions to enhance its market position, with a focus on companies in the automotive technology sector[99] Shareholder and Dividend Policies - The company plans to not distribute cash dividends, issue bonus shares, or increase share capital from reserves[17] - The company has committed to maintaining a dividend payout ratio of 40% of net profits for the fiscal year[97] - The company will initiate a share buyback program within 30 days following a formal administrative penalty decision by the China Securities Regulatory Commission if any violations are confirmed[98] - The company committed to not selling shares held prior to the public offering during the lock-up period and will not reduce holdings by more than 80% within two years after the lock-up period ends[98] Internal Controls and Governance - The company will ensure that related transactions are conducted fairly and in compliance with relevant laws and regulations[100] - The company will avoid and minimize related transactions with its subsidiaries[100] - The company has established a dedicated account management system for fundraising to ensure the safety and exclusivity of raised funds[103] - The company is actively seeking funding through various channels to meet operational needs and seize market opportunities before fundraising is completed[103] Employee and Incentive Plans - The company has implemented an employee stock incentive plan, granting 800,000 restricted shares, which is 1.20% of the total share capital[112] - The initial grant of restricted shares was adjusted from 675,000 shares to 584,000 shares due to some participants leaving the company[113] - The restricted stock incentive plan was approved, granting 584,000 shares to 88 key personnel, with a grant price of 28.61 CNY per share[135] Compliance and Legal Matters - The financial report was not audited, which may affect the reliability of the financial data presented[162] - The company has not undergone any bankruptcy reorganization during the reporting period[108] - There were no significant litigation or arbitration matters during the reporting period[110]

Financial Performance - Total revenue for Q1 2017 was CNY 70,171,577.85, representing a 15.72% increase compared to CNY 60,639,800.47 in the same period last year[8] - Net profit attributable to shareholders was CNY 6,767,028.95, up 12.05% from CNY 6,039,225.24 year-on-year[8] - The total profit reached RMB 8.20 million, up 12.58% from RMB 7.28 million year-on-year[28] - Net profit attributable to shareholders was RMB 6.77 million, reflecting a 12.05% increase compared to RMB 6.04 million in the previous year[28] - Operating profit for Q1 2017 was CNY 8,070,659.46, significantly higher than CNY 3,999,444.27 in the previous year, marking a growth of 101.8%[51] - The company reported a total profit of CNY 8,200,796.53 for Q1 2017, compared to CNY 7,284,305.48 in the previous year, an increase of 12.5%[51] Cash Flow - Net cash flow from operating activities improved significantly to CNY 19,933,248.31, a 190.78% increase from a negative cash flow of CNY -21,958,263.10 in the previous year[8] - Cash inflow from operating activities was CNY 115,635,920.60, compared to CNY 66,116,226.81 in the same period last year, indicating a substantial increase of 74.9%[58] - The net cash flow from operating activities for Q1 2017 was ¥19,961,274.96, a significant improvement compared to a net outflow of ¥22,277,497.44 in the same period last year[62] - Total cash inflow from operating activities was ¥115,331,519.49, while cash outflow was ¥95,370,244.53, resulting in a positive cash flow[62] - The net increase in cash and cash equivalents for the quarter was ¥17,400,110.75, compared to a decrease of ¥11,927,221.58 in the previous year[63] Assets and Liabilities - Total assets at the end of the reporting period were CNY 919,887,277.70, reflecting a 5.18% increase from CNY 874,607,917.81 at the end of the previous year[8] - Total liabilities rose to 406,510,894.47 RMB from 368,177,036.25 RMB, indicating an increase of about 10.4%[44] - The company's total assets reached 919,887,277.70 RMB, up from 874,607,917.81 RMB, marking an increase of approximately 5.2%[45] - Total liabilities as of the end of Q1 2017 were CNY 416,224,777.94, up from CNY 378,814,360.74, reflecting a growth of 9.9%[51] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,792[20] - The top shareholder, He Xian Ning, holds 28.12% of the shares, amounting to 18,748,800 shares[21] - The company plans to distribute a cash dividend of 5.00 RMB per 10 shares based on a total share capital of 66,670,000 shares as of December 31, 2016[36] Risks and Challenges - The company faces risks related to changes in mandatory vehicle inspection policies, which could impact market demand for its services[10] - The company is also at risk from changes in vehicle inspection standards that may require technological upgrades and new product development[12] - The company is exposed to macroeconomic risks that could affect vehicle ownership and, consequently, the demand for vehicle inspection services[15] - Changes in government policies regarding tax incentives for high-tech enterprises could impact the company's financial performance[19] Operational Developments - The company is developing a new automatic tire tread depth detection system, which is expected to enhance product competitiveness and expand market opportunities[28] - The company has completed the development of a cloud-based vehicle inspection and maintenance solution, enhancing system reliability and maintainability[29] - The company has introduced a mobile detection device based on a 20-foot container, providing flexible and effective vehicle condition inspection for remote areas[29] - The company has developed a hydraulic transmission chassis dynamometer, improving the product's competitive advantage by meeting diverse customer needs[29] Accounts Receivable and Management - As of March 31, 2017, the company's accounts receivable balance was 79.89 million RMB, accounting for 8.68% of total assets[14] - The company has experienced a steady increase in accounts receivable over the years, with balances of 78.80 million RMB in 2014, 72.62 million RMB in 2015, and 84.27 million RMB in 2016[14] - The company has established a robust accounting policy for accounts receivable, ensuring adequate provisions for bad debts[14] - The company has a risk of bad debts due to the potential increase in accounts receivable as sales scale expands, although the likelihood of significant losses is considered low[14] Tax and Government Support - The company benefits from tax incentives, including a reduced corporate income tax rate of 15% due to its high-tech enterprise status, which was re-certified in 2015[18] - The company received government subsidies amounting to CNY 21,770.23 during the reporting period[9]

Financial Performance - The company's operating revenue for 2016 was CNY 318,181,180.57, representing a 12.96% increase compared to CNY 281,672,288.18 in 2015[29]. - The net profit attributable to shareholders for 2016 was CNY 49,033,822.79, up 16.14% from CNY 42,220,226.34 in the previous year[29]. - The net cash flow from operating activities increased by 18.67% to CNY 122,955,653.51 in 2016, compared to CNY 103,612,870.19 in 2015[29]. - The total assets of the company reached CNY 874,607,917.81 by the end of 2016, a significant increase of 72.20% from CNY 507,890,637.22 at the end of 2015[29]. - The net assets attributable to shareholders grew by 99.60% to CNY 506,430,881.56 at the end of 2016, compared to CNY 253,719,103.08 at the end of 2015[29]. - The basic earnings per share for 2016 was CNY 0.9542, reflecting a 13.00% increase from CNY 0.8444 in 2015[29]. - The company reported a weighted average return on equity of 16.61% for 2016, down from 18.15% in 2015[29]. - The quarterly revenue for Q4 2016 was CNY 97,326,033.02, contributing to a total annual revenue growth[31]. - The company achieved a total operating revenue of RMB 318.18 million in 2016, representing a year-on-year growth of 12.96%[57]. - The main business revenue reached RMB 318.08 million, with a year-on-year increase of 18.66%[57]. - The net profit attributable to shareholders was RMB 49.03 million, reflecting a growth of 16.14% compared to the previous year[57]. Accounts Receivable and Inventory - The company's accounts receivable balance at the end of 2016 was 84.27 million yuan, representing 9.63% of total assets[13]. - The company reported a year-on-year increase in accounts receivable from 72.62 million yuan in 2015 to 84.27 million yuan in 2016[13]. - The company has a robust accounting policy for accounts receivable, with most aging under one year and a low risk of bad debts[13]. - Accounts receivable increased to CNY 84.27 million, accounting for 9.63% of total assets, reflecting a rise due to expanded production and sales[82]. - Inventory rose to CNY 155.29 million, making up 17.75% of total assets, driven by increased production scale[83]. Market and Industry Position - The company is positioned as a leading enterprise in the vehicle inspection system and network supervision system industry[16]. - The company operates in the vehicle inspection industry, which has seen a significant increase in vehicle ownership and demand for inspection services due to regulatory requirements[38]. - The vehicle inspection industry in China is transitioning towards a more automated and intelligent system, with a focus on improving technical standards and service capabilities[41]. - The trend towards larger, integrated inspection institutions is emerging, which will require suppliers to enhance their project implementation capabilities[43]. - The company is positioned to benefit from the increasing regulatory scrutiny and demand for vehicle inspections as the market evolves[42]. - The vehicle inspection market is expected to grow as consumer awareness of safety and environmental standards increases, creating more opportunities for the company[40]. Research and Development - In 2016, the company's total R&D investment reached CNY 21,527,101.19, accounting for 6.77% of total revenue, an increase from 5.32% in 2015[74]. - The company has developed a new laser detection device for tire tread depth, which is expected to enhance product competitiveness and meet significant market demand[74]. - The company has completed the development of a comprehensive testing system for electric and internal combustion traction vehicles, enhancing its competitive advantage in the market[75]. - The company is investing 100 million RMB in R&D for new technologies aimed at enhancing inspection accuracy and efficiency[186]. - The company plans to increase R&D investment to develop new inspection technologies and products, particularly in the areas of non-destructive fuel consumption measurement and new energy vehicles[99]. Competition and Risks - The company is exposed to risks related to changes in mandatory vehicle inspection policies, which could reduce market demand for inspection systems[9]. - The company faces competition from both domestic traditional manufacturers and international brands, which may impact market share and profit margins[16]. - The company is at risk of potential changes in vehicle inspection standards that could necessitate upgrades to existing systems or create demand for new systems[10]. - The company's financial health is influenced by government pricing policies for vehicle inspections, which may not adjust in line with rising operational costs[12]. Shareholder and Governance - The company has established a cash dividend policy, distributing a cash dividend of 5.00 yuan per 10 shares, totaling 33,335,000 yuan, which represents 100% of the profit distribution[113]. - The company achieved a cash dividend payout ratio of 67.98% of its net profit for the year 2016, amounting to 33,335,000 yuan[115]. - The company emphasizes the protection of shareholder and creditor rights, ensuring timely and accurate information disclosure[147]. - The company has committed to fully and timely implement measures related to compensation for diluted immediate returns, ensuring compliance with regulations from the China Securities Regulatory Commission and Shenzhen Stock Exchange[124]. - The company has established an independent director system that positively impacts corporate governance and risk management[195]. Future Plans and Strategies - The company aims to enhance its core competitiveness by improving product quality, service capabilities, and technological levels, with a vision to become a world-renowned provider of vehicle inspection solutions[98]. - The company intends to expand its production capacity by increasing equipment and personnel investments to meet growing market demand[100]. - The company will strengthen its marketing network to analyze market demands and expand sales in cities with high demand and strong financial capabilities[102]. - The company plans to consolidate its existing advantages in products and regional markets while leveraging technology and talent[122]. - The company is considering strategic acquisitions to enhance its service offerings and expand its customer base, with a budget of 200 million RMB allocated for potential acquisitions[186]. Employee and Corporate Culture - Employee welfare is prioritized, with a focus on providing a safe working environment and opportunities for professional development[147]. - The company has implemented a training plan that includes new employee training, senior employee development, and various specialized training programs[191]. - The total number of employees in the company is 659, with 444 in the parent company and 215 in major subsidiaries[189]. - The professional composition includes 184 production personnel, 64 sales personnel, 308 technical personnel, 9 financial personnel, and 94 administrative personnel[189]. Legal and Compliance - The company has not faced any bankruptcy reorganization or delisting issues during the reporting period[129]. - There were no significant lawsuits or arbitration matters reported, with a notable case involving a claim of 1,040,990 RMB that was ultimately dismissed[130]. - The company reported no penalties or rectification measures during the reporting period[131]. - The company has committed to avoiding related party transactions that may harm its interests and those of its shareholders[120].