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林海股份(600099) - 2018 Q4 - 年度财报
2019-03-29 16:00
Financial Performance - In 2018, Linhai Co., Ltd. achieved a net profit of CNY 2.65 million, a 37.41% increase compared to CNY 1.93 million in 2017[5]. - The company's operating revenue for 2018 was CNY 526.09 million, representing a 16.32% increase from CNY 452.27 million in 2017[20]. - The net profit attributable to shareholders was 26.48 million yuan, reflecting a year-on-year growth of 37.41%[40]. - Basic earnings per share for 2018 were CNY 0.0121, up 37.50% from CNY 0.0088 in 2017[22]. - The company's total comprehensive income for the current period was ¥2,647,795.91, compared to ¥1,926,997.50 in the previous period, marking an increase of 37.4%[182]. - The company reported a total profit of ¥3,963,789.45, compared to ¥3,892,757.39 in the previous period, showing a slight increase of 1.8%[182]. - The company reported a net cash flow from operating activities of ¥4,483,637.41, a significant improvement compared to the previous year's net cash flow of -¥16,587,582.54[188]. Assets and Liabilities - The total assets of the company increased by 6.30% to CNY 590.89 million at the end of 2018, compared to CNY 555.85 million at the end of 2017[21]. - The total liabilities amounted to 117.64 million yuan, with a debt-to-asset ratio of 19.91%, an increase of 4.57 percentage points year-on-year[40]. - The total liabilities increased to ¥117,641,058.01 from ¥85,244,360.02, marking a rise of around 38%[177]. - The total equity attributable to shareholders was 473.25 million yuan, a slight increase of 0.56% from the previous year[40]. - Shareholders' equity totaled ¥473,246,942.02, slightly up from ¥470,601,946.11, showing a marginal increase of about 0.6%[177]. Research and Development - Research and development expenses rose to 4.98 million yuan, an increase of 85.82% compared to the previous year, due to increased investment in new agricultural machinery and special vehicles[43]. - The total R&D investment accounted for 1.33% of total operating revenue, with 96 R&D personnel representing 16.58% of the company's total workforce[57]. - Research and development expenses increased to ¥4,978,027.53, up 86.0% from ¥2,678,891.21, indicating a strong focus on innovation[181]. Market and Sales Performance - The company achieved a significant increase in sales of rice transplanters, with approximately 73,000 units sold in 2018, generating sales revenue of about 2.8 billion yuan[33]. - The special vehicles industry generated revenue of 230.16 million yuan, with a gross margin of 7.90%, up 2.26 percentage points from the previous year[45]. - The international market contributed 251.17 million yuan in revenue, representing a year-on-year increase of 106.55%[46]. - The production volume of special vehicles increased by 54.25% year-on-year, while sales volume rose by 53.50%[48]. - The company achieved sales revenue of ¥315,537,146.29 from goods and services, up from ¥248,900,718.03 in the previous year, indicating a growth of approximately 26.7%[188]. Corporate Governance and Management - The company has a governance structure in place that adheres to the Company Law and corporate governance standards[137]. - The company operates under a performance-based remuneration system for its directors and senior management, linked to company performance[137]. - The company has a dedicated financial management team, with 韩保进 serving as the financial director[136]. - The company has appointed new board members, including 常康忠 and 刘斌, as part of the board expansion[138]. - The company has established a performance evaluation mechanism for senior management, with specific operational target responsibility indicators set annually[153]. Strategic Initiatives and Future Outlook - Linhai Co., Ltd. plans to retain earnings for new product development and market expansion, opting not to distribute profits for 2018[5]. - The company aims to enhance product competitiveness and innovate business models, focusing on high-displacement and high-quality special vehicles[77]. - The company anticipates challenges in the special vehicle industry due to US-China trade tensions and stricter emission standards in the motorcycle sector[83]. - The company plans to enhance internal management systems to improve efficiency and ensure safety standards are met[82]. - The company committed to restructuring and integrating assets and businesses over the next three years to fundamentally address related party transaction issues[90]. Environmental and Social Responsibility - The company maintained compliance with environmental regulations and achieved ISO 14001 certification[109]. - The company reported no safety or production accidents during the year, demonstrating a commitment to social responsibility[109]. - The company emphasized a focus on green and low-carbon development, aligning with national energy-saving policies[109].
林海股份(600099) - 2018 Q3 - 季度财报
2018-10-26 16:00
| 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 2018 年第三季度报告 一、 重要提示 2018 年第三季度报告 公司代码:600099 公司简称:林海股份 林海股份有限公司 2018 年第三季度报告 1 / 19 单位:元 币种:人民币 | | 本报告期末 | 上年度末 | 本报告期末比 | | | --- | --- | --- | --- | --- | | | | | 上年度末增减(%) | | | 总资产 | 622,550,654.20 | 555,846,306.13 | 12.00 | | | 归属于上市公司股东的净 | 470,808,317.71 | 470,601,946.11 | | 0.04 | | 资产 | | | | | | | 年初至报告期末 | 上年初至上年报告 | 比上年同期增减(%) | | | | (1-9 月) | 期末(1-9 月) | | | | 经营活动产生的现金流量 | -26,063,738.48 | -33,942,92 ...
林海股份(600099) - 2018 Q2 - 季度财报
2018-08-24 16:00
Financial Performance - The company's operating revenue for the first half of 2018 was ¥260,584,838.01, representing a 17.79% increase compared to ¥221,233,358.26 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 83.92% to ¥218,399.32 from ¥1,358,351.99 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was ¥71,181.33, down 93.41% from ¥1,080,108.99 in the same period last year[17]. - The basic earnings per share decreased by 83.87% to ¥0.0010 from ¥0.0062 in the same period last year[19]. - The weighted average return on net assets decreased to 0.0464% from 0.28% in the previous year[19]. - The operating cost increased to ¥233,187,612.77, reflecting a 17.55% rise from ¥198,367,858.19 year-on-year[33]. - The company reported a total of ¥147,217.99 in non-recurring gains and losses during the reporting period[21]. Assets and Liabilities - The total assets increased by 9.3% to ¥607,537,608.63 from ¥555,846,306.13 at the end of the previous year[18]. - The company's net assets attributable to shareholders increased slightly by 0.05% to ¥470,820,345.43 from ¥470,601,946.11 at the end of the previous year[18]. - Total liabilities were reported at ¥136,717,263.20, an increase from ¥85,244,360.02[70]. - Total current assets increased to CNY 412,190,489.07 from CNY 355,494,362.56, representing a growth of 15.9%[71]. - Total current liabilities rose to CNY 121,897,422.14, compared to CNY 64,756,039.66, indicating an increase of 88.1%[72]. Cash Flow - The net cash flow from operating activities was -¥27,399,638.60, slightly worse than -¥27,162,934.62 in the same period last year[34]. - Cash and cash equivalents at the end of the reporting period were ¥146,747,032.68, down from ¥173,250,518.28 at the beginning of the period[69]. - The company reported a total cash outflow from operating activities of CNY 197,388,219.34, compared to CNY 170,328,722.39 in the previous period[78]. Inventory and Receivables - Accounts receivable increased by 63.98% to ¥130,900,093.07 from ¥79,826,269.72 year-on-year[36]. - Inventory levels rose by 38.52% to ¥117,689,345.44 compared to ¥84,961,355.31 in the previous year[36]. - Accounts receivable increased to ¥130,900,093.07 from ¥79,826,269.72, indicating a significant rise in credit sales[69]. - Inventory at the end of the reporting period was ¥117,689,345.44, compared to ¥84,961,355.31 at the beginning, reflecting an increase in stock levels[69]. Business Operations - The main business includes manufacturing and sales of forestry and garden power machinery, agricultural machinery, and motorcycles[24]. - The company operates primarily on a sales-driven production model, adjusting production based on sales plans or customer orders[25]. - The company aims to enhance product quality and promote a "Quality Year" initiative to improve overall operational standards[31]. - The company is focusing on expanding sales in key products and underperforming regions through various marketing strategies[31]. Related Party Transactions - The company reported a significant related party transaction amounting to ¥117,316,990.80, which accounted for 45.02% of similar transactions[47]. - The company engaged in purchasing goods and components from related parties, with a total transaction amount of ¥6,179,916.41, representing 2.63% of similar transactions[47]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,401[58]. - The largest shareholder, China Fuma Machinery Group Co., Ltd., held 92,256,920 shares, representing 42.10% of total shares[60]. Environmental and Social Responsibility - The company emphasized its commitment to environmental protection and sustainable development, adhering to ISO14001 environmental management system certification[54]. Governance and Compliance - The company reported no major litigation or arbitration matters during the reporting period[46]. - The company has not disclosed any significant changes in accounting policies or estimates compared to the previous accounting period[55]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[46]. Accounting Policies - The financial statements are prepared based on the actual transactions and events, in accordance with the accounting standards issued by the Ministry of Finance[96]. - The company has not made any changes to its accounting policies during the reporting period[98]. - The accounting period for the company is from January 1 to December 31 each year[99]. - The company's functional currency for accounting purposes is the Renminbi (RMB)[101].
林海股份(600099) - 2018 Q1 - 季度财报
2018-04-27 16:00
2018 年第一季度报告 公司代码:600099 公司简称:林海股份 林海股份有限公司 2018 年第一季度报告 1 / 17 $$\mathbf{H}\qquad\qquad{\frac{\overline{{\sum}}}{\sum}}$$ | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 6 | 2018 年第一季度报告 一、 重要提示 1.1 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。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人刘群、主管会计工作负责人刘斌及会计机构负责人(会计主管人员)高长源保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 单位:元 币种:人民币 | | 本报告期末 | 上年度末 | 本报告期末比 | | | --- | --- | --- | --- | --- | | | | | ...
林海股份(600099) - 2017 Q4 - 年度财报
2018-03-23 16:00
Financial Performance - In 2017, the company achieved a net profit of CNY 1.93 million, a decrease of 0.36% compared to 2016[21] - The company's operating income for 2017 was CNY 452.27 million, down 2.23% from CNY 462.60 million in 2016[21] - The net cash flow from operating activities was negative CNY 14.55 million, compared to a positive CNY 19.93 million in 2015[22] - The total assets at the end of 2017 were CNY 555.85 million, a decrease of 5.91% from CNY 590.74 million at the end of 2016[22] - The basic earnings per share for 2017 remained at CNY 0.0088, unchanged from 2016[23] - The company reported a significant decline in the net profit attributable to shareholders after deducting non-recurring gains and losses, which was negative CNY 0.0012 per share[23] - The weighted average return on net assets was 0.41%, slightly down from 0.41% in 2016[23] - The total profit amounted to CNY 3.89 million, reflecting a growth of 17.25% year-on-year[39] - The company’s cash flow from operating activities was negative at CNY -14.55 million, worsening by 103.33% compared to the previous year[41] - Total revenue was CNY 425.131 million, a decrease of 2.29% year-on-year, with a gross margin of 11.48%, down 0.54 percentage points[44] - The company reported a total comprehensive income of CNY -4,100,689.89, compared to CNY -2,234,426.63 in the previous year[176] Research and Development - Research and development expenses increased by 113.88% to CNY 9.87 million, compared to CNY 4.61 million in the previous year[41] - R&D expenditure reached CNY 9.867 million, a year-on-year increase of 113.88%, with CNY 2.679 million in expensed R&D and CNY 7.188 million in capitalized R&D[42] - The number of R&D personnel was 61, representing 11.80% of the total workforce, with capitalized R&D accounting for 72.85% of total R&D expenditure[52] - The company is investing in R&D for new technologies, with a budget allocation of 5 million for the upcoming year[126] Market and Sales Performance - Motorcycle and special vehicle production increased by 26.05% to 99,293 units, while sales rose by 25.27% to 98,761 units[44] - Revenue from the motorcycle and special vehicle segment was CNY 213.516 million, with a gross margin of 6.61%, reflecting a 25.27% increase in revenue[44] - The international market generated CNY 121.604 million in revenue, a 26.26% increase, while domestic revenue decreased by 10.40% to CNY 303.527 million[44] - Domestic motorcycle sales in 2017 were 9.62 million units, a decrease of 2.46% compared to the previous year, while exports of complete motorcycles increased by 8.33% to 7.51 million units[74] Competition and Industry Trends - The company faced intense industry competition, necessitating continuous upgrades to production processes and increased investment in new technologies[5] - The motorcycle industry in China produced and sold 17.15 million units in 2017, with a year-on-year increase of 1.93% and 1.99% respectively[62] - The motorcycle industry is experiencing a trend towards higher concentration, with the top 15 manufacturers accounting for over 70% of total production[62] - The company anticipates increased competition in the overseas motorcycle market, particularly in the mid to low-end segments[64] Strategic Plans and Future Outlook - The company plans to allocate the undistributed profits primarily for new product development and market expansion, without any profit distribution for 2017[5] - The company aims to enhance product competitiveness and innovate business models, focusing on the development of high-displacement and high-quality special vehicles[75] - The company plans to expand its market presence and strengthen brand awareness, particularly in the motorcycle segment, by exploring differentiated and personalized development paths[75] - Future guidance suggests a projected revenue increase of 15% for the next fiscal year, driven by new product launches and market expansion strategies[126] Related Party Transactions - The company reported a related party sales revenue of 177.25 million, accounting for 39.19% of total operating income[157] - Related party purchases amounted to 33.49 million, representing 8.13% of similar transaction amounts[145] - The company reported a total of 32.62 million RMB in related party transactions, with actual amounts exceeding the estimated totals in several cases, indicating active engagement in related transactions[99] Governance and Compliance - The company has changed its auditing firm from Xinyong Zhonghe to Dahua, with the new firm being appointed for the 2017 financial audit, ensuring objectivity in the audit process[94] - The company has implemented necessary internal controls to prevent material misstatements due to fraud or error[162] - The financial statements are prepared based on actual transactions and in accordance with the accounting standards issued by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[194] Shareholder Information - The total number of ordinary shareholders increased from 14,102 to 14,768 during the reporting period[112] - The total shares held by the largest shareholder, China Foma Machinery Group Co., Ltd., is 92,256,920 shares, representing 42.10% of the total shares[115] - The company has no preferred shareholders with restored voting rights[116] - The company distributed dividends amounting to CNY 8,764,800.00 during the period[183]
林海股份(600099) - 2017 Q3 - 季度财报
2017-10-20 16:00
2017 年第三季度报告 公司代码:600099 公司简称:林海股份 林海股份有限公司 2017 年第三季度报告 1 / 19 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 7 | 2017 年第三季度报告 一、 重要提示 1.1 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。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人刘群、主管会计工作负责人刘斌及会计机构负责人(会计主管人员)高长源保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 19 单位:元 币种:人民币 本报告期末 上年度末 本报告期末比上年 度末增减(%) 总资产 586,899,691.26 590,740,743.71 -0.65 归属于上市公司股东的净资产 467,742,506.02 474,280,188 ...
林海股份(600099) - 2017 Q2 - 季度财报
2017-08-25 16:00
Financial Performance - The company's operating revenue for the first half of 2017 was ¥221,233,358.26, representing a 6.52% increase compared to ¥207,701,500.66 in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2017 was ¥1,358,351.99, a slight increase of 0.55% from ¥1,350,965.10 in the previous year[15]. - Operating profit reached 196.72 million RMB, up 8.11% compared to the previous year[29]. - Net profit was 135.83 million RMB, reflecting a slight increase of 0.55% year-on-year[29]. - The total comprehensive income for the first half of 2017 was CNY 1,350,965.1[77]. Cash Flow - The net cash flow from operating activities was -¥27,162,934.62, showing an improvement from -¥31,641,928.11 in the same period last year[15]. - The cash inflow from sales of goods and services for the first half of 2017 was ¥142,071,013.06, an increase of 25.8% compared to ¥112,826,007.74 in the same period last year[69]. - The total cash outflow from operating activities was ¥170,328,722.39, up from ¥145,405,200.73, reflecting increased operational costs[70]. - The cash inflow from operating activities for the parent company was ¥91,001,075.37, a 44.2% increase from ¥63,117,570.05 in the previous year[72]. - The net cash flow from operating activities for the parent company was -¥22,191,520.31, an improvement from -¥28,444,453.62 in the previous year[72]. Assets and Liabilities - The total current assets as of June 30, 2017, amount to 430,878,072.68 RMB, an increase from 406,311,705.99 RMB at the beginning of the period[59]. - The total liabilities as of June 30, 2017, are 136,292,040.91 RMB, compared to 116,460,555.10 RMB at the beginning of the period[60]. - The company's total assets increased to 611,836,613.81 RMB from 590,740,743.71 RMB at the beginning of the period[59]. - The total accounts receivable at the end of the period was 139.32 million, with a bad debt provision of 3.63 million, representing 2.61% of the total[144]. - The total inventory at the end of the period is CNY 80,186,679.94, with a provision for inventory depreciation of CNY 712,230.86[160]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 15,773[49]. - The largest shareholder, China Fuma Machinery Group Co., Ltd., holds 92,256,920 shares, representing 42.10% of total shares[51]. - The company has no pledged or frozen shares among its top shareholders[51]. - The total share capital of the company is 21.912 million shares, with a registered capital of 21.912 million RMB[84]. Government Subsidies and Related Transactions - The company reported a government subsidy of ¥327,706.34 as part of its non-recurring gains and losses[18]. - The company reported a significant related party transaction amounting to ¥71,214,633.33, which accounts for 32.19% of similar transactions[42]. - The company has made a government subsidy adjustment, increasing "Other Income - Government Subsidy" by ¥327,706.34[46]. Market and Industry Outlook - The special vehicle industry is expected to show a slight recovery in 2017, while the motorcycle and general power machinery sectors face challenges[23]. - The motorcycle industry is experiencing a downward trend, with a significant impact from the rise of electric vehicles and cars[28]. - The company is focusing on innovation and market expansion, utilizing multiple channels to find new customers and promote new products[28]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the actual transactions and events, in accordance with the accounting standards issued by the Ministry of Finance[86]. - The company’s accounting policies include revenue recognition, inventory measurement, and fixed asset depreciation methods[88]. - The company recognizes financial assets at fair value, with changes directly recorded in equity until the asset is derecognized, at which point the cumulative fair value changes are transferred to profit or loss[99]. - The company applies a percentage-based method for bad debt provisions, with specific percentages for different aging categories of receivables, such as 5% for receivables within one year and 100% for those over five years[105]. Employee Compensation and Benefits - The total short-term employee compensation at the end of the period was CNY 256,661.67, down from CNY 342,421.08, a decrease of about 25.1%[191]. - The total amount of employee benefits expenses increased significantly, with short-term compensation rising to CNY 22,667,995.79 from CNY 342,421.08[193]. - The total balance of the long-term employee compensation remained unchanged at CNY 0, indicating no liabilities in this category[200].
林海股份(600099) - 2017 Q1 - 季度财报
2017-04-28 16:00
Financial Performance - Operating revenue rose by 6.76% to CNY 103,278,468.08 year-on-year[6] - Net profit attributable to shareholders decreased by 56.88% to CNY 553,320.55 compared to the same period last year[6] - Basic earnings per share dropped by 57.63% to CNY 0.0025[6] - The company's net profit for Q1 2017 was ¥553,320.55, a decrease of 56.88% from ¥1,283,314.04 in Q1 2016[14] - The total profit for Q1 2017 was ¥747,097.57, down 54.61% from ¥1,645,830.38 in the same period last year[14] - Net profit for the period was CNY 553,320.55, a decrease of 56.8% from CNY 1,283,314.04 in the same period last year[25] - Earnings per share (EPS) for the period was CNY 0.0025, down from CNY 0.0059 in the previous year[25] - Net profit for Q1 2017 was a loss of CNY 773,121.27, compared to a profit of CNY 100,594.63 in Q1 2016, indicating a significant decline[27] - The overall comprehensive income for Q1 2017 was a loss of CNY 773,121.27, reflecting the net loss reported[27] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -28,702,590.00, worsening from CNY -19,166,715.78 in the previous year[6] - The company's cash and cash equivalents decreased to ¥164,809,709.88 from ¥193,889,131.88 at the beginning of the year[18] - Cash flow from operating activities showed a net outflow of CNY 28,702,590.00, worsening from a net outflow of CNY 19,166,715.78 in the previous year[29] - Total cash and cash equivalents at the end of Q1 2017 were CNY 164,809,709.88, down from CNY 183,509,211.05 at the end of Q1 2016[30] Assets and Liabilities - Total assets increased by 3.21% to CNY 609,707,171.14 compared to the end of the previous year[6] - The company's total assets as of March 31, 2017, were ¥609,707,171.14, up from ¥590,740,743.71 at the beginning of the year[18] - Total liabilities increased to ¥134,885,893.00 from ¥116,460,555.10 year-on-year[19] - Total current assets increased to CNY 391,902,793.79 from CNY 378,343,629.89, representing a growth of 3.9%[21] - Total liabilities rose to CNY 92,372,492.30, compared to CNY 80,037,962.18, indicating an increase of 15.5%[22] - The company reported a decrease in cash and cash equivalents to CNY 158,632,528.20 from CNY 183,355,389.24, a decline of 13.5%[21] - Accounts payable increased by 97.84% to CNY 13,646,968.07 as a result of using bank acceptance bills for settlement with suppliers[12] - Accounts receivable increased to CNY 106,366,924.26 from CNY 82,125,077.38, reflecting a growth of 29.5%[21] - Inventory levels rose to CNY 60,104,312.70, up from CNY 54,744,827.43, indicating an increase of 9.8%[21] Government Subsidies - The company received government subsidies amounting to CNY 14,200.00, netting a total of CNY 11,750 after tax effects[8] - The company received government subsidies amounting to ¥14,200.00, a significant increase of 460.38% compared to ¥2,533.98 in the previous year[14] Operational Activities - In Q1 2017, the company received cash from sales amounting to ¥66,381,728.04, a 38.05% increase compared to ¥48,086,242.86 in Q1 2016[13] - Total operating revenue for the first quarter was CNY 103,278,468.08, an increase of 6.3% compared to CNY 96,739,409.93 in the previous period[24] - Total operating costs amounted to CNY 102,545,570.51, up from CNY 95,096,113.53, reflecting a growth of 7.7%[24] - Total operating expenses increased to CNY 96,048,950.00 in Q1 2017, compared to CNY 67,767,867.27 in Q1 2016, representing a rise of 41.5%[29] - The company reported a significant increase in management expenses, which rose to CNY 6,723,857.41 from CNY 5,460,945.55, an increase of 23.1%[27] Corporate Actions - The company announced the termination of a major asset restructuring transaction on February 28, 2017, leading to a suspension of its stock trading[15] - The company responded to inquiries from the Shanghai Stock Exchange regarding the termination of the major asset restructuring on March 8, 2017[15] Investment Activities - Investment activities resulted in a cash outflow of CNY 376,832.00, a decrease from CNY 884,413.76 in the previous year, indicating reduced investment activity[30] - The company did not report any cash inflow from financing activities during Q1 2017, maintaining a focus on operational cash management[30]
林海股份(600099) - 2016 Q4 - 年度财报
2017-03-10 16:00
Financial Performance - In 2016, the company achieved a net profit of CNY 1,934,025.37, a decrease of 18.06% compared to CNY 2,360,275.27 in 2015[4] - The company's operating revenue for 2016 was CNY 462,600,425.29, representing a year-on-year increase of 29.58% from CNY 357,003,868.53 in 2015[19] - The net cash flow from operating activities was negative at CNY -7,154,693.16, compared to a positive CNY 19,933,731.25 in 2015[19] - The company's basic earnings per share decreased to CNY 0.0088 in 2016, down 17.76% from CNY 0.0107 in 2015[21] - The diluted earnings per share increased by 32.71% to CNY 0.0142 in 2016, compared to CNY 0.0107 in 2015[21] - The company reported a significant increase of 52.30% in net profit attributable to shareholders after deducting non-recurring gains and losses, reaching CNY 3,105,451.51 in 2016[19] - The total profit for the period was CNY 3.32 million, reflecting a year-on-year growth of 1.97%[35] - The net profit attributable to shareholders was CNY 1.93 million, a decline of 18.06% compared to the previous year[35] Assets and Liabilities - The total assets at the end of 2016 amounted to CNY 590,740,743.71, reflecting a 1.70% increase from CNY 580,891,097.80 at the end of 2015[20] - The company's net assets attributable to shareholders at the end of 2016 were CNY 474,280,188.61, a slight increase of 0.35% from CNY 472,607,074.99 at the end of 2015[19] - The total liabilities amounted to CNY 116.46 million, with a debt-to-asset ratio of 19.71%, up by 1.07 percentage points from the previous year[35] - Total assets as of December 31, 2016, amounted to RMB 590,740,743.71, an increase from RMB 580,891,097.80 at the beginning of the year, reflecting a growth of approximately 1.46%[135] - Total liabilities stood at RMB 116,460,555.10, compared to RMB 108,284,022.81 at the beginning of the year, representing an increase of about 7.15%[136] Revenue and Sales - The company achieved operating revenue of CNY 462.60 million, a year-on-year increase of 29.58%[35] - Total revenue for the main business reached CNY 435,088,326.07, with a year-on-year increase of 29.94%[40] - Motorcycle and special vehicle revenue was CNY 170,441,192.29, with a year-on-year increase of 31.25%[40] - Power and garden machinery revenue was CNY 264,647,133.78, with a year-on-year increase of 29.11%[40] - International market revenue increased by 33.51%, with a gross profit margin improvement of 1.38 percentage points[41] - Domestic market revenue was CNY 338,773,781.67, with a gross profit margin decrease of 4.81 percentage points[41] Research and Development - The company’s R&D expenditure rose by 22.01% to CNY 4.61 million, supporting new product development[37] - Total R&D investment amounted to CNY 4,613,455.99, representing 1.00% of total revenue[49][50] Market and Product Development - The sales revenue from new customers accounted for 38% of total sales, indicating successful market expansion efforts[33] - The company launched several new products, including M550 and LHATV500-D, which have been successfully mass-produced and marketed[34] - The sales of Linhai brand motorcycles increased by 22% year-on-year, with exports growing by 39%[33] - The company participated in over 40 trade shows and exhibitions, enhancing brand visibility and market presence[33] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 7,154,693.16, a significant decrease compared to the previous year[50] - Operating cash inflow for the year was CNY 250,753,930.82, an increase of 31.6% from CNY 190,599,451.32 in the previous year[147] - The net increase in cash and cash equivalents for the year was CNY -6,380,705.83, compared to a slight increase of CNY 219,703.84 in the previous year[147] Shareholder Information - The company proposed a cash dividend of CNY 0.4 per 10 shares, totaling CNY 8,764,800 based on the total share capital of 21,912,000 shares[4] - The total number of common stock shareholders at the end of the reporting period was 28,194, an increase from 17,737 at the end of the previous month[99] - The largest shareholder, China Fuma Machinery Group Co., Ltd., holds 92,256,920 shares, representing 42.10% of the total shares[101] Corporate Governance - The company has established a performance evaluation mechanism for senior management, with specific operational target responsibility indicators set annually[124] - The internal control effectiveness was audited by Xinyong Zhonghe Accounting Firm, which issued a report confirming the effectiveness of internal controls[125] - The company is committed to enhancing its internal control system and improving corporate governance structures[120] Economic Outlook - The global economic outlook for 2017 remains challenging, with ongoing downward pressure on the domestic economy and structural adjustments[74] - The special vehicle industry is expected to experience a slight recovery in 2017, while the motorcycle and general power machinery sectors face unfavorable conditions[75] Industry Trends - The motorcycle industry in China saw a production and sales decline of 10.7% and 10.8% respectively in 2016, with total production at 16.82 million units[57] - Future growth in the motorcycle sector is expected to come from high-end models and electric motorcycles, driven by changing consumer preferences and technological advancements[59] - The domestic motorcycle market is shifting towards high-end, differentiated products as major manufacturers like Longxin and Zongshen adapt their strategies[62]
林海股份(600099) - 2016 Q3 - 季度财报
2016-10-26 16:00
Financial Performance - Operating revenue rose by 22.44% to CNY 318,631,419.76 for the year-to-date period[6] - Net profit attributable to shareholders decreased by 23.16% to CNY 1,828,973.76 year-on-year[6] - Operating profit decreased by 31.84% to CNY 2,080,873.17 due to increased restructuring intermediary fees[12] - Total revenue for Q3 2016 reached ¥110,929,919.10, a 27.8% increase compared to ¥86,731,439.29 in Q3 2015[23] - Operating profit for the period was ¥642,057.76, down 49.5% from ¥1,270,956.99 in the same quarter last year[23] - Net profit attributable to the parent company was ¥478,008.66, a decrease of 48.6% from ¥927,794.84 in Q3 2015[24] - The total comprehensive income for the period was ¥478,008.66, a decrease of 48.6% from ¥927,794.84 in Q3 2015[24] - The net profit for the period was a loss of approximately ¥1.15 million, compared to a loss of ¥33,834.41 in the previous year, indicating a significant increase in losses[27] - The total profit for the period was a loss of approximately ¥1.16 million, compared to a loss of ¥8,215.36 in the same period last year[27] Assets and Liabilities - Total assets increased by 3.62% to CNY 601,917,981.02 compared to the end of the previous year[6] - Total current assets as of September 30, 2016, were ¥417,133,464.94, an increase from ¥389,721,477.10 at the beginning of the year[18] - Total liabilities as of September 30, 2016, were ¥127,728,915.64, up from ¥108,284,022.81 at the beginning of the year[19] - Total assets as of September 30, 2016, amounted to ¥560,084,050.64, an increase from ¥532,335,736.18 at the beginning of the year[21] - Current assets totaled ¥392,093,586.56, up from ¥359,129,508.33 at the start of the year, reflecting a growth of 9.2%[21] - Total liabilities increased to ¥94,068,982.27 from ¥64,557,163.51, marking a rise of 45.7%[21] - The company's equity attributable to shareholders increased slightly to ¥474,189,065.38 from ¥472,607,074.99[19] Cash Flow - Cash received from sales increased by 31.07% year-on-year, totaling ¥195,765,653.19 compared to ¥149,363,601.50 in the previous year[13] - Cash received from government subsidies rose significantly by 148.10%, reaching ¥1,157,371.68 from ¥466,497.68[13] - Cash paid for operating activities increased by 31.41%, amounting to ¥11,339,527.45 compared to ¥8,629,143.72 in the previous year[13] - Cash paid for the purchase of fixed assets decreased by 34.70%, totaling ¥1,260,638.76 compared to ¥1,930,502.95 in the previous year[13] - The company's cash and cash equivalents decreased to ¥164,367,234.18 from ¥191,440,074.16, a decline of 14.2%[21] - The cash flow from operating activities showed a net outflow of approximately ¥26.90 million, an improvement from a net outflow of ¥31.77 million in the previous year[30] - The company's sales expenses increased to approximately ¥1.40 million, up from ¥770,164.01 in the previous year, reflecting an 81.63% increase[26] - The company reported a total cash inflow from operating activities of approximately ¥196.92 million, compared to ¥149.83 million in the previous year, representing a 31.41% increase[30] - The net increase in cash and cash equivalents for the period was -¥27,072,839.98, compared to -¥29,858,051.29 in the previous year[33] Receivables and Expenses - Accounts receivable increased by 69.67% to CNY 125,416,988.24 compared to the end of the previous year due to changes in payment terms[11] - Other receivables surged by 211.31% to CNY 4,743,483.49, attributed to an increase in counterparties[11] - Sales expenses increased by 56.28% to CNY 7,602,100.68 year-on-year, reflecting higher sales-related costs[12] - The management expenses rose to approximately ¥8.58 million, compared to ¥7.73 million in the same period last year, marking an increase of 11.06%[26] - The financial expenses showed a reduction, with a net income of approximately -¥1.13 million, compared to -¥2.18 million in the previous year[26] - The company incurred asset impairment losses of approximately ¥67,708.27, compared to a gain of -¥170,793.71 in the previous year[26] Shareholder Information - The total number of shareholders reached 15,431, with the largest shareholder holding 42.10% of the shares[9]