CCJK(600215)

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派斯林(600215) - 2020 Q4 - 年度财报
2021-04-19 16:00
Financial Performance - The company's operating revenue for 2020 was ¥168,954,737.15, a decrease of 9.49% compared to ¥186,666,622.16 in 2019[20] - The net profit attributable to shareholders for 2020 was ¥83,295,111.68, an increase of 8.18% from ¥76,998,066.69 in 2019[20] - The net profit after deducting non-recurring gains and losses was ¥20,882,537.51, a significant decrease of 70.24% compared to ¥70,179,814.78 in 2019[20] - The cash flow from operating activities for 2020 was ¥56,633,196.37, an increase of 20.41% from ¥47,034,027.88 in 2019[20] - The basic earnings per share for 2020 was ¥0.1833, up 10.688% from ¥0.1656 in 2019[22] - The diluted earnings per share for 2020 was also ¥0.1833, reflecting the same increase as the basic earnings per share[22] - The weighted average return on equity for 2020 was 3.28%, an increase of 0.26 percentage points from 3.02% in 2019[22] - The total assets at the end of 2020 were ¥2,823,467,176.1, a decrease of 0.77% from ¥2,845,472,908 at the end of 2019[20] - The net assets attributable to shareholders at the end of 2020 were ¥2,481,663,303.3, a decrease of 3.54% from ¥2,572,619,690 at the end of 2019[20] Revenue and Profit Trends - In Q1, the company reported revenue of CNY 12,185,916.60, which increased to CNY 30,251,864.32 in Q2, and further rose to CNY 68,590,017.44 in Q3, indicating significant growth throughout the year[24] - The net profit attributable to shareholders was CNY 7,333,231.52 in Q1, CNY 10,879,713.91 in Q2, and surged to CNY 66,864,798.69 in Q3, reflecting a strong upward trend[24] - The company achieved a total revenue of CNY 16,895 million for the year, a decrease of 9.49% year-on-year, while net profit increased by 8.18% to CNY 8,330 million[42] Cash Flow and Investment - The cash flow from operating activities showed a negative CNY 17,644,008.96 in Q1, improved to negative CNY 4,173,132.52 in Q2, and turned positive at CNY 44,507,973.77 in Q3, indicating improved operational efficiency[24] - The company reported a total cash inflow from operating activities of CNY 1,058,424,488.55, while cash outflow was CNY 1,001,791,292.18, resulting in a net cash flow of CNY 56,633,196.37[185] - Cash inflow from investment activities amounted to CNY 1,739,720,311.30, with cash outflow of CNY 1,201,705,033.70, leading to a net cash flow of CNY 538,015,277.60[185] Dividend Policy - The company plans to distribute a cash dividend of ¥0.95 per 10 shares, totaling ¥41,663,884.29, which accounts for 50.02% of the net profit attributable to shareholders for 2020[5] - The cash dividend for 2020 is proposed at CNY 0.95 per share, totaling CNY 41,663,884.29, which accounts for 50.02% of the net profit attributable to shareholders[83] - The company will consider future operational and investment impacts when determining cash dividend distribution plans[90] Market and Operational Strategy - The company is actively expanding its smart equipment industrial park in Changchun, with the main construction completed and ongoing interior renovations[32] - The company has implemented a shift from extensive management to refined operations, focusing on cost control and optimizing product design to enhance market competitiveness[42] - The company aims to maintain a stable real estate market amidst tightening policies, focusing on sustainable growth and risk management strategies[43] Shareholder Information - The total number of common stock shareholders reached 21,218 by the end of the reporting period, an increase from 19,773 in the previous month[123] - The largest shareholder, Wan Feng Jin Yuan Holding Group Co., Ltd., holds 101,736,960 shares, representing 21.88% of total shares[125] - The total number of shares held by the top ten shareholders amounts to 192,000,000 shares, which is a significant concentration of ownership[126] Corporate Governance - The company is committed to improving corporate governance and information disclosure practices following recent events[118] - The company received a standard unqualified audit opinion from Zhongxing Caiguanghua Accounting Firm for the financial report as of December 31, 2020[157] - The internal control audit report confirmed the effectiveness of internal controls without significant deficiencies[154] Risks and Challenges - The company faces risks from national policies emphasizing "housing for living, not speculation," which may impact its strategic layout and investment efficiency[79] - The company faced a risk warning for delisting due to an audit report that could not express an opinion on the 2019 financial report[116] - The company terminated a major asset restructuring plan due to the inability to conduct on-site evaluations and audits caused by the COVID-19 pandemic[116]
派斯林(600215) - 2020 Q3 - 季度财报
2020-10-29 16:00
Financial Performance - Operating revenue for the first nine months was CNY 111,027,798.36, a decline of 31.18% compared to the same period last year[6] - Net profit attributable to shareholders of the listed company reached CNY 85,077,744.12, an increase of 26.87% year-on-year[6] - Basic earnings per share were CNY 0.1829, reflecting a growth of 26.84% compared to the previous year[7] - The company reported a net profit of RMB 85,077,700 for the first nine months of 2020, an increase of 26.87% year-on-year, and expects to remain profitable for the full year[21] - Total operating revenue for Q3 2020 reached ¥68,590,017.44, a 30.7% increase from ¥52,481,725.42 in Q3 2019[32] - Net profit for Q3 2020 was ¥66,864,798.69, significantly up from ¥5,881,621.38 in Q3 2019, marking an increase of 1,032.5%[33] - The company reported a total profit of ¥88,845,537.84 for Q3 2020, compared to ¥9,774,032.62 in Q3 2019, an increase of 807.5%[33] - The total comprehensive income for Q3 2020 was ¥66,864,798.69, compared to ¥5,881,621.38 in Q3 2019, indicating a substantial growth[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,742,517,822.78, a decrease of 3.62% compared to the end of the previous year[6] - Current assets totaled CNY 2,622,569,433.28, down from CNY 2,742,115,864.81 at the end of 2019, indicating a decrease of about 4.4%[24] - Total liabilities were CNY 259,071,886.95, down from CNY 272,853,217.81 at the end of 2019, representing a decline of approximately 5.1%[26] - The company's equity attributable to shareholders was CNY 2,483,445,935.83, down from CNY 2,572,619,690.76 at the end of 2019, indicating a decrease of about 3.5%[26] - The total assets as of Q3 2020 were ¥2,531,327,414.53, down from ¥2,645,488,155.62 in the previous year[30] - Total liabilities as of Q3 2020 amounted to ¥51,192,116.44, down from ¥59,435,315.25 in the previous year[30] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 22,690,832.29, an increase of 5.06% year-on-year[6] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 363,968,535.33, up from CNY 182,631,679.85 in the same period of 2019, reflecting improved cash generation[39] - The company reported a net cash flow from operating activities of ¥259,924,379.14 for the first nine months of 2020, a turnaround from -¥176,833,386.48 in the same period of 2019[42] - The net cash flow from investment activities was -¥456,821,718.08 in Q3 2020, a significant decrease from ¥150,546,241.33 in Q3 2019[40] - The total cash outflow from investment activities for the first three quarters of 2020 was ¥701,021,386.03, compared to ¥4,017,532.42 in the same period of 2019[42] Shareholder Information - The total number of shareholders at the end of the reporting period was 22,265[11] - The top ten shareholders held a total of 21.88% of shares, with Wan Feng Jin Yuan Holding Group Co., Ltd. being the largest shareholder[11] Other Financial Metrics - The weighted average return on net assets increased by 0.73 percentage points to 3.37%[7] - The company reported non-recurring gains and losses amounting to CNY 587,541.87 for the first nine months[9] - Financial expenses increased by 100.44% to RMB -33,292,973.04 due to increased interest income[16] - The company’s sales expenses increased by 35.68% to RMB 2,030,798.75, driven by higher marketing promotion costs[16] - The company recorded other income of CNY 22,181.96 in Q3 2020, compared to CNY 400.87 in Q3 2019, showing an increase in non-operating income[38]
派斯林(600215) - 2020 Q2 - 季度财报
2020-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥42,437,780.92, a decrease of 61.01% compared to ¥108,842,977.14 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2020 was ¥18,212,945.43, down 70.23% from ¥61,176,216.16 in the previous year[17]. - The net cash flow from operating activities was -¥21,817,141.48, a decline of 149.68% compared to ¥43,916,431.31 in the same period last year[17]. - The basic earnings per share for the first half of 2020 was ¥0.0392, a decrease of 70.21% from ¥0.1316 in the same period last year[19]. - The weighted average return on equity decreased by 1.6979 percentage points to 0.7086% compared to 2.4065% in the previous year[19]. - The overall revenue decreased by 61.01% compared to the same period last year, dropping from CNY 108.84 million to CNY 42.44 million[32]. - The company's operating costs also decreased by 63.77%, from CNY 79.54 million to CNY 28.81 million, due to reduced sales[32]. - The company reported a financial expense of CNY -22,362,189.51 for the first half of 2020, compared to CNY -10,965,082.15 in the previous year[74]. - The company's net profit for the first half of 2020 was CNY 18,212,945.43, a decrease of 70.2% compared to CNY 61,176,216.16 in the same period of 2019[75]. - The total profit for the first half of 2020 was CNY 24,761,063.88, down from CNY 81,279,387.61, marking a decline of 69.6%[75]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,803,751,662.55, a decrease of 1.47% from ¥2,845,472,908.57 at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,567,580,992.19, a slight decrease of 0.20% from ¥2,572,619,690.76 at the end of the previous year[17]. - Total liabilities decreased to CNY 236,170,670.36 from CNY 272,853,217.81, reflecting a reduction of 13.4%[68]. - The company's cash and cash equivalents increased to CNY 284,234,061.27 from CNY 108,017,835.79, representing a growth of 163.5%[70]. - The total equity attributable to shareholders was CNY 2,567,580,992.19, a decrease from CNY 2,572,619,690.76[68]. Cash Flow - The company's cash and cash equivalents as of June 30, 2020, amounted to ¥1,349,001,012.55, an increase from ¥1,183,092,627.54 at the end of 2019[66]. - The ending balance of cash and cash equivalents as of June 30, 2020, was 1,349,001,012.55 RMB, up from 1,108,555,616.17 RMB at the end of June 2019, representing an increase of approximately 21.7%[83]. - Total cash inflow from operating activities was 65,446,532.63 RMB, a decrease of 76.6% from 278,968,656.31 RMB in the first half of 2019[82]. - Cash outflow from operating activities totaled 87,263,674.11 RMB, a decrease from 235,052,225.00 RMB in the same period last year, reflecting a reduction of about 62.9%[82]. - The net cash flow from financing activities was -23,274,790.75 RMB, improving from -31,787,958.39 RMB in the first half of 2019, indicating a reduction in cash outflow by about 26.7%[83]. Governance and Risk Management - The company has acknowledged potential risks in its operations, as detailed in the report[5]. - The company anticipates potential risks from policy changes affecting the real estate industry, which could impact overall market conditions[36]. - The company has committed to not engaging in new real estate development projects following the completion of a recent transaction[40]. - The board emphasizes the importance of governance and information disclosure to prevent similar issues in the future[44]. - The company has implemented a new governance structure for its property management division to enhance service efficiency[29]. Shareholder Information - The company plans to distribute cash dividends amounting to no less than 10% of the distributable profits for the year[42]. - Cumulative cash dividends over the last three years should not be less than 30% of the average annual distributable profits during that period[42]. - The company will conduct a three-year shareholder return plan and review it at least every three years[43]. - The company aims to ensure that any cash distributions align with the overall interests of all shareholders[42]. - The total number of ordinary shareholders at the end of the reporting period was 24,833[56]. Investments and Development - The company is actively promoting the construction of the D District Phase II project, which is expected to be delivered by the end of 2020[29]. - The company has not reported any significant changes in profit sources or non-main business profit impacts during the reporting period[33]. - There were no significant new product developments or market expansions mentioned in the report[5]. - The company has not reported any major asset acquisitions or disposals during the period[47]. - The company has not disclosed any environmental information or major contracts during the reporting period[48]. Accounting Policies and Financial Instruments - The company has not made any changes to accounting policies or estimates during the reporting period[48]. - The company adheres to the accounting standards issued by the Ministry of Finance, ensuring that financial reports reflect the true financial condition and operating results[106]. - The company recognizes expected credit losses for financial assets measured at amortized cost, with loss provisions based on the expected credit loss over the entire life of the asset[120]. - Financial assets are derecognized when the group no longer reasonably expects to recover cash flows from the financial asset, leading to a direct write-down of the asset's carrying amount[124]. - The company measures inventory at cost, including land transfer fees, infrastructure costs, and other related expenses incurred before project completion[132]. Employee and Management Changes - The company has appointed new supervisory board members, including Zhang Lishan and Jiang Xiaoyu, following the resignation of previous members[62]. - The company’s financial officer, Liao Yonghua, was dismissed due to negligence in duties related to collateral guarantees[62]. - The company has not implemented any employee stock ownership plans or other incentive measures[46].
派斯林(600215) - 2019 Q4 - 年度财报
2020-04-29 16:00
Financial Performance - The company's operating revenue for 2019 was ¥186,666,622.16, a decrease of 68.3% compared to ¥588,943,532.83 in 2018[20] - The net profit attributable to shareholders for 2019 was ¥76,998,066.69, down 21.2% from ¥97,709,715.87 in 2018[20] - The net cash flow from operating activities was ¥47,034,027.88, a decline of 66.7% from ¥141,249,881.88 in 2018[20] - Basic earnings per share for 2019 were ¥0.1656, down 21.18% from ¥0.2101 in 2018[22] - The weighted average return on net assets was 3.02%, a decrease of 0.92 percentage points from 3.94% in 2018[22] - The company achieved a revenue of 187 million RMB and a net profit attributable to shareholders of 77 million RMB in 2019[38] - The company reported a significant decrease in property service revenue, which fell by 80% to RMB 5.52 million, mainly due to the sale of a property management subsidiary in 2018[47] - The company’s financial expenses increased significantly by 506.36% to RMB -15.20 million, indicating higher financing costs[49] - The company reported a total of ¥915,299,776.56 in undistributed profits, an increase from ¥875,486,834.54, representing a growth of approximately 4.3%[155] - The total profit for 2019 was ¥108,975,709.18, down from ¥113,433,639.03 in 2018, a decrease of about 3.9%[162] Assets and Liabilities - The total assets at the end of 2019 were ¥2,845,472,908.57, a decrease of 0.73% from ¥2,866,467,854.07 at the end of 2018[21] - The total liabilities decreased to ¥272,853,217.81 from ¥339,998,626.16, a reduction of about 19.7%[155] - The company’s accounts receivable increased to RMB 192,500.00 in 2019 from RMB 122,500.00 in 2018, reflecting a year-over-year increase of 57.1%[153] - The company’s inventory decreased to RMB 1,151,685,520.04 in 2019 from RMB 1,246,638,994.56 in 2018, showing a decline of about 7.6%[153] - The company’s total current assets increased to ¥2,742,115,864.81 from ¥2,295,830,920.40, representing a growth of approximately 19.4% year-over-year[154] Cash Flow - Cash received from sales and services was 178.75 million yuan, down 47.87% from 342.91 million yuan last year[63] - Cash inflow from operating activities totaled CNY 181,921,225.45 in 2019, down 49% from CNY 356,745,451.18 in 2018[167] - Cash outflow from operating activities was CNY 134,887,197.57, a decrease of 37.5% compared to CNY 215,495,569.30 in 2018[168] - The ending balance of cash and cash equivalents was CNY 167,424,327.90, down from CNY 299,341,291.08 in 2018, reflecting a decrease of 44%[169] Dividend Policy - The company plans to distribute a cash dividend of ¥0.50 per 10 shares, totaling ¥23,251,644.00, which accounts for 30.20% of the net profit attributable to shareholders for 2019[4] - The remaining undistributed profits of ¥909,565,126.22 will be carried forward to the next year[4] - The cash dividend policy aims to ensure a stable and continuous profit distribution to shareholders, with a commitment to return at least 10% of the distributable profit in cash annually[90] - Over the past three years, the company has distributed a total of 30% of its average annual distributable profit in cash dividends[90] Market and Operational Challenges - The company reported a significant risk of potential operational challenges, which are detailed in the report[6] - The company acknowledges potential risks including policy changes affecting the real estate sector and market competition impacting sales targets[81][82] - The company is focusing on enhancing its core competitiveness by exploring new industries and improving its management team and talent mechanism[31] Strategic Initiatives - The company plans to acquire 100% equity of Wan Feng Technology, which focuses on industrial robot system integration and intelligent equipment manufacturing[34] - The company aims to establish industrial automation production lines to provide automation solutions for the automotive and heavy industries, enhancing profitability[77] - The company will implement a multi-channel marketing strategy to boost property sales through various promotional activities[79] Governance and Compliance - The company received an audit report from Deloitte Huayong for the 2019 financial statements, which was a disclaimer of opinion, indicating significant issues that need to be addressed[92] - The board of directors emphasized the importance of resolving the issues related to the guarantee matters that led to the disclaimer of opinion[93] - The company has established a performance evaluation mechanism for senior management, with annual assessments based on strategic goals and operational plans[143] - The company strictly adheres to laws and regulations regarding corporate governance and information disclosure[137] Employee and Management - Employee compensation increased by 33.23% to 881,269.88 yuan compared to the previous year[58] - The total number of employees in the parent company is 15, while the main subsidiaries employ 64, resulting in a total of 79 employees[132] - The management team includes experienced individuals with extensive backgrounds in various sectors, enhancing the company's strategic capabilities[124] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,272, a decrease from 29,704 in the previous month[110] - The total shares held by the largest shareholder, Wan Feng Jin Yuan Holdings Group Co., Ltd., amount to 101,736,960 shares, representing a significant portion of the company's equity[113] - The company confirmed a payment of CNY 567.64 million for a land development project, with CNY 200 million already recovered by the reporting date[104]
派斯林(600215) - 2020 Q1 - 季度财报
2020-04-29 16:00
Financial Performance - Operating revenue for the first quarter was ¥12,185,916.60, representing a significant decrease of 76.04% year-on-year[7] - Net profit attributable to shareholders was ¥7,333,231.52, down 84.92% compared to the same period last year[7] - Basic and diluted earnings per share were both ¥0.0158, down 84.88% from ¥0.1045 in the same quarter last year[7] - The company reported a 74.95% decrease in operating costs, amounting to ¥9,220,730.23, due to reduced revenue[10] - The company reported a total of 1,183,092,627.54 RMB in cash and cash equivalents as of December 31, 2019, showing a decline in available funds[34] - Total operating revenue for Q1 2020 was CNY 12,185,916.60, a decrease of 76.0% compared to CNY 50,851,181.21 in Q1 2019[23] - Net profit for Q1 2020 was CNY 7,333,231.52, a decline of 84.9% from CNY 48,616,818.71 in Q1 2019[24] - Earnings per share for Q1 2020 was CNY 0.0158, compared to CNY 0.1045 in Q1 2019[24] - The company reported a financial expense of CNY -11,311,356.85 in Q1 2020, compared to CNY -1,490,213.81 in Q1 2019, reflecting a significant increase in financial costs[23] - The net profit for Q1 2020 was CNY 10,108,128.07, down 75.6% from CNY 41,371,071.58 in Q1 2019[27] Cash Flow and Liquidity - The net cash flow from operating activities was -¥17,644,008.96, a decline of 160.86% compared to the previous year[7] - Cash and cash equivalents at the end of Q1 2020 totaled CNY 1,391,398,049.90, an increase from CNY 1,132,301,131.16 at the end of Q1 2019[31] - The cash flow from other operating activities was CNY 2,041,089.54 in Q1 2020, a decrease from CNY 261,202,057.48 in Q1 2019[29] - The net cash flow from financing activities decreased by 62,330,203.62 RMB, resulting in a total cash and cash equivalents balance of 45,687,632.17 RMB at the end of the period[33] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,850,615,685.10, a slight increase of 0.18% compared to the end of the previous year[7] - The company’s inventory as of March 31, 2020, was CNY 1,154,689,239.73, showing a slight increase from CNY 1,151,685,520.04 at the end of 2019[15] - The total current liabilities decreased slightly to CNY 266,749,905.04 from CNY 268,929,737.13, a reduction of about 0.8%[16] - Total liabilities for Q1 2020 were CNY 42,494,402.95, a decrease of 28.5% from CNY 59,435,315.25 in Q1 2019[21] - The total current assets included inventory valued at 1,151,685,520.04 RMB, indicating a strong inventory position[35] Equity and Shareholder Information - The company reported a total equity of CNY 2,579,952,922.29, up from CNY 2,572,619,690.76, indicating a growth of approximately 0.3%[17] - The number of shareholders reached 29,704 by the end of the reporting period[9] - Owner's equity reached $2.586 billion, including retained earnings of $932.82 million and surplus reserves of $213.77 million[40] Tax and Expenses - The company experienced a 301.28% increase in taxes paid, totaling ¥21,381,588.23, due to higher tax payments related to factory sales and land compensation[10] - The company paid CNY 21,381,588.23 in taxes during Q1 2020, compared to CNY 5,328,310.81 in Q1 2019, indicating a rise in tax obligations[30] Acquisition and Investments - The company is in the process of acquiring 100% of Zhejiang Wanfeng Technology Development Co., Ltd. through a combination of share issuance and cash payment, with the transaction details announced on January 15, 2020[11] - The company has a long-term investment of 1,091,061,524.73 RMB, reflecting its commitment to growth and expansion[38] - The company is actively progressing with the audit and evaluation work related to the acquisition transaction as of the report date[11] Changes in Accounting Standards - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting[33] - The company has not applied new revenue and leasing standards retroactively, indicating a consistent accounting approach[40]
派斯林(600215) - 2019 Q3 - 季度财报
2019-10-27 16:00
2019 年第三季度报告 1 / 21 公司代码:600215 公司简称:长春经开 | 目录 | | --- | 长春经开(集团)股份有限公司 2019 年第三季度报告 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 2019 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 公司负责人吴锦华、主管会计工作负责人倪伟勇及会计机构负责人(会计主管人员)廖永华 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 / 21 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 2,855,200,621.67 2,866,467,854.07 -0.39 归属于上市公司股东的净 资 ...
派斯林(600215) - 2019 Q2 - 季度财报
2019-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was ¥108,842,977.14, a decrease of 11.21% compared to ¥122,590,609.03 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2019 was ¥61,176,216.16, down 29.73% from ¥87,053,893.33 in the previous year[19]. - The basic earnings per share for the first half of 2019 was ¥0.1316, a decrease of 29.70% from ¥0.1872 in the same period last year[20]. - The company reported a net profit margin decline due to increased management expenses, which were CNY 6,479,097.98 compared to CNY 22,802,348.08 in the previous year[81]. - The total profit for the first half of 2019 was CNY 81,279,387.61, a decline of 29.1% from CNY 114,702,928.37 in the first half of 2018[82]. - The company's operating profit for the first half of 2019 was CNY 81,294,387.61, down from CNY 105,786,939.33 in the same period of 2018[82]. - The company reported a profit distribution of CNY -29,762,104.33, indicating a reduction in retained earnings[97]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 128.93% to ¥43,916,431.31, compared to ¥19,183,524.59 in the same period last year[19]. - The company's cash and cash equivalents increased significantly to ¥1,108,555,688.21, representing 38.67% of total assets, up 145.54% from the previous period[34]. - Cash inflow from operating activities totaled CNY 278,968,656.31, a decrease from CNY 344,443,252.42 in the previous period[89]. - The company reported a net cash outflow from operating activities of CNY -119,302,899.88, an improvement from CNY -180,507,442.08 year-over-year[91]. - The total cash inflow from operating activities was CNY 144,670,020.22, down from CNY 186,899,139.57 in the previous year[91]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,866,371,359.44, showing a slight decrease of 0.00% compared to ¥2,866,467,854.07 at the end of the previous year[19]. - Accounts receivable decreased by 95.15% to ¥9,608,374.12, primarily due to the sale of a subsidiary[34]. - Inventory decreased by 30.20% to ¥1,182,428,862.84, attributed to the transfer of assets during the period[34]. - Long-term receivables dropped by 48.60% to ¥333,908,172.60, reflecting the recovery of funds from land development[34]. - The total current liabilities decreased from RMB 144,788,374.51 to RMB 117,272,860.00, a reduction of approximately 18.9%[74]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 28,169[60]. - The largest shareholder, Wan Feng Jin Yuan, holds 101,736,960 shares, representing 21.88% of the total share capital[62]. - The company’s controlling shareholder plans to increase its stake by purchasing between 10 million and 20 million shares within six months, having already acquired 10,000,760 shares[40]. - The company has a profit distribution policy that includes a minimum cash distribution of 10% of the distributable profit each year, provided there are no major investment plans or significant cash expenditures[47]. Business Operations - There were no significant changes in the company's business operations or financial structure during the reporting period[14]. - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[5]. - The company is focusing on sustainable development and upgrading its business model, including the construction of an automated production line[27]. - The company has committed to not engage in new real estate development business after the change of its main business, except for the currently developed real estate projects[46]. Market Conditions - The real estate market in Changchun remains strong, with a shortage of supply and stable prices, particularly in the high-end segment[25]. - The total sales area of commercial housing in China for the first half of 2019 was 757.86 million square meters, a year-on-year decrease of 1.8%[24]. - The total sales revenue of commercial housing in China reached CNY 706.98 billion, reflecting a year-on-year growth of 5.6%[24]. Governance and Compliance - The company and its controlling shareholders have maintained a good integrity status, with no unfulfilled court judgments or significant overdue debts[50]. - There are no significant litigation or arbitration matters during the reporting period[50]. - The company has not disclosed any significant related party transactions during the reporting period[52]. - The company did not implement any employee stock ownership plans or other incentive measures[51]. Accounting Policies - The company adheres to the accounting standards set by the Ministry of Finance and has established specific accounting policies for revenue recognition[118]. - The company recognizes revenue from the sale of goods when the significant risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[198]. - For service revenue, the company recognizes income based on the percentage of completion method, using incurred costs as a basis for revenue recognition[199].
派斯林(600215) - 2019 Q1 - 季度财报
2019-04-24 16:00
Financial Performance - Net profit attributable to shareholders reached CNY 48,616,818.71, a significant turnaround from a loss of CNY 2,553,895.31 in the same period last year[5] - Operating revenue surged by 161.00% to CNY 50,851,181.21 compared to CNY 19,483,184.15 in the previous year[5] - Basic and diluted earnings per share were CNY 0.1045, compared to a loss of CNY 0.0055 per share in the previous year[5] - Total revenue for Q1 2019 was CNY 50,851,181.21, a significant increase from CNY 19,483,184.15 in Q1 2018, representing a growth of approximately 160.8%[25] - Net profit for Q1 2019 was CNY 53,002,772.41, a substantial rise from CNY 23,632.79 in Q1 2018[25] - The total profit for Q1 2019 was CNY 63,828,644.53, compared to a total loss of CNY 2,546,450.69 in Q1 2018[26] - The company's operating profit for Q1 2019 was CNY 63,843,644.53, compared to a loss of CNY 2,558,969.96 in Q1 2018[26] - The total comprehensive income attributable to the parent company's owners for Q1 2019 was significantly higher than in the previous year, reflecting improved financial performance[27] Cash Flow and Liquidity - Net cash flow from operating activities improved to CNY 28,991,596.24, a recovery from a negative cash flow of CNY 70,708,302.01 in the same period last year[5] - Cash flow from operating activities for Q1 2019 was CNY 28,991,596.24, a significant improvement from a negative cash flow of CNY 70,708,302.01 in Q1 2018[29] - The company experienced a substantial increase in cash received from operating activities, totaling CNY 304,549,908.62 in Q1 2019, compared to CNY 150,374,641.70 in Q1 2018[29] - The company reported cash inflows from operating activities of ¥92,013,212.86, down from ¥111,422,556.06 in the previous year[31] - The cash outflow for operating activities was ¥157,259,767.59, compared to ¥99,953,859.24 in the same quarter last year[31] - Total cash and cash equivalents at the end of the period reached ¥1,132,301,131.16, an increase of ¥207,141,544.46 from the previous period[30] - The company’s cash and cash equivalents at the beginning of the period were ¥925,159,586.70, indicating a strong liquidity position[30] Assets and Liabilities - Total assets increased by 1.64% to CNY 2,913,598,145.61 compared to the end of the previous year[5] - The company reported a significant increase in accounts receivable, totaling ¥4,865,437.06, up 3872% from ¥122,500.00[12] - Other receivables decreased by 84% to ¥14,361,666.18 from ¥90,339,675.64 due to the recovery of asset transfer payments[12] - The company’s tax payable increased by 1162% to ¥15,343,939.53 from ¥1,216,287.97, attributed to income tax provisions[12] - Total liabilities as of March 31, 2019, were CNY 71,457,571.79, compared to CNY 40,318,513.60 in the previous year, reflecting an increase of approximately 77.1%[24] - Total liabilities amounted to CNY 339,998,626.16, with current liabilities at CNY 333,980,602.98, and non-current liabilities at CNY 6,018,023.18[35] - The total assets of the company stood at ¥2,866,467,854.07, with current assets totaling ¥2,295,830,920.40[34] - The company has maintained a consistent level of non-current assets, with a total of CNY 1,618,541,022.11, reflecting ongoing investment in long-term growth[38] Shareholder Information - The total number of shareholders reached 28,263, indicating a stable shareholder base[9] - The largest shareholder, Wan Feng Jin Yuan Holdings Group, holds 21.88% of the shares, totaling 101,736,960 shares[9] - The controlling shareholder's subsidiary increased its stake in the company by acquiring 5,311,830 shares, representing 1.14% of the total share capital[13] - Total equity attributable to shareholders reached CNY 2,526,469,227.91, with retained earnings of CNY 875,486,834.54[36] Investment and Growth - The company invested ¥5,577,790.00 in fixed assets, a 3016% increase compared to ¥179,025.00 in the previous period, driven by new park construction[13] - Investment income surged to ¥53,002,772.41, a 224176% increase from ¥23,632.79 in the previous year[13] - The company has a long-term investment of ¥408,453,629.27, reflecting its commitment to strategic investments[34] Operational Efficiency - Operating costs for Q1 2019 were ¥36,811,726.47, reflecting a 173% increase from ¥13,502,505.93 in Q1 2018[12] - Total operating costs for Q1 2019 were CNY 40,010,309.09, compared to CNY 22,065,786.90 in Q1 2018, indicating an increase of about 81.6%[25] - The company reported a decrease in management expenses to CNY 2,093,591.78 in Q1 2019 from CNY 12,425,604 in Q1 2018, indicating a reduction of approximately 83.2%[25] - The company reduced its operating costs, with costs amounting to CNY 814,507.86 in Q1 2019, down from CNY 1,218,839.41 in Q1 2018[27] Other Observations - The company has not disclosed any significant new product developments or market expansion strategies in this report[11] - The company has not made any retrospective adjustments to prior financial statements due to the implementation of new financial instrument standards[40] - The company’s capital reserve stood at CNY 978,515,263.35, while the paid-in capital was CNY 465,032,880.00[39] - The total equity, including minority interests, was CNY 2,595,682,598.24, reflecting the company's financial stability[39] - The company’s total liabilities to equity ratio indicates a strong capital structure, with total liabilities being approximately 13.4% of total equity[35] - The company’s retained earnings increased from CNY 908,465,535.32, indicating a positive trend in profitability[39]
派斯林(600215) - 2018 Q4 - 年度财报
2019-04-24 16:00
Financial Performance - The company's operating revenue for 2018 was RMB 588,943,532.83, representing a 41.16% increase compared to RMB 417,218,216.27 in 2017[20] - The net profit attributable to shareholders of the listed company reached RMB 97,709,715.87, a significant increase of 981.83% from RMB 9,031,852.35 in the previous year[20] - The basic earnings per share for 2018 was RMB 0.2101, up 1,005.79% from RMB 0.019 in 2017[21] - The company reported a non-recurring profit of 22,780,773.04 RMB, a significant increase compared to a loss of 378,840.42 RMB in 2017[26] - The revenue from real estate sales reached RMB 488.23 million, a year-on-year increase of 131.76%[42] - The company reported a gross margin of 15.99% for its main business in Jilin province, a decrease of 15.99 percentage points year-on-year[43] - The company’s total operating costs increased by 44.67% to RMB 494.74 million, primarily due to increased costs associated with higher revenue from real estate sales[39] - The company reported a financial expense of -¥2,507,573.97, a notable improvement from a financial expense of ¥342,380.07 in the previous period[158] - The company reported a total owner's equity attributable to shareholders of ¥2,526,469,227.91, up from ¥2,431,549,714.08, reflecting an increase of about 3.9%[154] Cash Flow and Assets - The cash flow from operating activities for 2018 was RMB 141,249,881.88, a decrease of 32.80% compared to RMB 210,197,076.88 in 2017[20] - Cash received from sales and services decreased by 51.21% to ¥342,912,677.10 compared to the previous period[50] - Cash received from other operating activities dropped by 93.38% to ¥13,832,774.08[50] - Cash paid for purchasing goods and services decreased by 92.15% to ¥25,767,901.70[50] - Cash recovered from investments increased by 427.16% to ¥426,968,132.61[50] - The total assets of the company decreased by 9.87% to RMB 2,866,467,854.07 at the end of 2018, down from RMB 3,180,438,947.97 in 2017[20] - The total current assets rose from RMB 2,152,248,261.97 to RMB 2,295,830,920.40, indicating an increase of about 6.7%[152] - The company reported a significant reduction in inventory from RMB 1,732,576,401.52 to RMB 1,246,638,994.56, a decrease of approximately 28%[152] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 0.64 per 10 shares, totaling RMB 29,762,104.32, which accounts for 30.46% of the net profit attributable to shareholders for the year[5] - A cash dividend of RMB 0.64 per share is proposed, totaling RMB 29.76 million, which is 30.46% of the net profit for 2018[67] - The company plans to distribute at least 10% of its distributable profits in cash annually, provided it is profitable and has no major investment plans or cash expenditures[72] - Cumulative cash distributions over the last three years should not be less than 30% of the average annual distributable profits achieved during that period[72] Strategic Focus and Future Plans - The company plans to focus on high-quality development and efficiency in 2019, emphasizing the importance of project management and technological advancement[36] - The company aims to eliminate inventory and accelerate land development as key tasks for 2019, with a focus on establishing a high-quality listed company in Changchun[36] - The company anticipates a slow upward trend in the real estate market in 2019, with limited price increases due to a softening demand[56] - The company plans to optimize housing designs and enhance product competitiveness to meet customer needs[57] - The company is focusing on market expansion and new product development as part of its future strategy, although specific details were not disclosed in the earnings call[158] Governance and Compliance - The company’s governance structure has been improved to enhance operational efficiency and compliance with regulatory requirements[32] - The company has maintained compliance with corporate governance standards as per the Company Law and relevant regulations, with no significant discrepancies noted[130] - The company confirmed that there were no major differences in governance practices compared to the requirements set by the China Securities Regulatory Commission[130] - The company has not reported any significant deficiencies in internal controls during the reporting period[135] Shareholder and Management Changes - The company underwent a change in its auditing firm, appointing Deloitte Huayong as the new auditor, with an audit fee of RMB 6.5 million for the current year[78] - The company appointed Wu Jinhua as the chairman and Ni Weiyong as the general manager during the board meeting on July 24, 2018[88] - The company has seen a consistent trend of zero shareholding changes among several board members, indicating stability in executive ownership[110] - The company has undergone significant changes in its board and management personnel due to term expirations and personal reasons[120] Risks and Challenges - The company has outlined potential risks in its report, advising investors to be cautious regarding future plans and development strategies[6] - The company faces risks related to macroeconomic policies, industry competition, and technological advancements in the automation sector[64] - The real estate market in China showed signs of slowing down, with new residential sales growth dropping below 1% by the end of 2018, the lowest since 1998[29]
派斯林(600215) - 2018 Q3 - 季度财报
2018-10-29 16:00
Financial Performance - Operating revenue increased by 138.90% to CNY 526,389,918.68 for the year-to-date period[5] - Net profit attributable to shareholders surged by 793.99% to CNY 75,424,411.81 year-to-date[5] - Operating revenue increased by 138.90% to CNY 526,389,918.68 compared to CNY 220,334,759.82 in the previous year, driven by significant property handovers in the D District of the real estate project[13] - Total operating revenue for the third quarter reached ¥403,799,309.65, a significant increase from ¥122,916,534.97 in the same period last year, representing a year-over-year growth of approximately 228%[28] - Year-to-date revenue for the first nine months amounted to ¥526,389,918.68, compared to ¥220,334,759.82 in the previous year, indicating an increase of about 139%[28] Cash Flow - Cash flow from operating activities increased by 28.36% to CNY 214,296,907.91 year-to-date[5] - Cash inflow from operating activities totaled CNY 604,648,758.36, a decrease of 23.4% compared to CNY 789,443,526.61 in the previous year[35] - Net cash flow from operating activities was CNY 214,296,907.91, an increase of 28.3% from CNY 166,943,686.33 year-on-year[35] - Cash inflow from investment activities reached CNY 740,886,274.47, significantly up from CNY 65,000,000.00 in the same period last year[36] - Net cash flow from investment activities was CNY 679,539,417.75, compared to CNY 53,741,241.82 in the previous year, marking a substantial increase[36] Assets and Liabilities - Total assets decreased by 10.24% to CNY 2,854,800,588.87 compared to the end of the previous year[5] - Total current assets increased to CNY 2,258,296,799.33 from CNY 2,152,248,261.97, reflecting a stronger liquidity position[20] - Total liabilities decreased to ¥350,616,665.02 from ¥748,777,938.29 at the start of the year, reflecting a reduction of approximately 53%[22] - Non-current assets totaled ¥1,644,696,431.73, down from ¥2,162,357,440.12, reflecting a decrease of about 24%[25] Shareholder Information - The number of shareholders reached 27,946 by the end of the reporting period[9] - Shareholders' equity increased to ¥2,504,183,923.85 from ¥2,431,661,009.68, showing a growth of about 3%[22] Income and Expenses - The income tax expense increased by 393.39% to CNY 28,405,452.69, up from CNY 5,757,162.64, due to higher total profit[13] - Operating costs rose by 172.42% to CNY 465,931,590.00 from CNY 171,034,084.38, reflecting the increased property handovers[13] - Total operating costs for the first nine months of 2018 reached CNY 538,980,410.15, up from CNY 224,797,585.95 in the same period of 2017, marking an increase of approximately 139.5%[32] Investment Performance - Investment net income surged by 316.62% to CNY 90,523,146.56, up from CNY 21,727,889.96, due to the termination of primary land development business investments[13] - The company reported investment losses of CNY -12,341,369.34 in Q3 2018, compared to a gain of CNY 34,746.08 in Q3 2017, indicating a significant decline in investment performance[32] Other Financial Metrics - The weighted average return on equity rose by 2.71 percentage points to 3.0562%[5] - Cash and cash equivalents increased by 463.13% to CNY 901,577,428.23 due to asset sales[12] - The company has no bank loans outstanding as of the reporting period, resulting in a significant reduction in financial expenses[13] - Basic and diluted earnings per share for Q3 2018 were both CNY -0.0250, compared to CNY -0.0131 in Q3 2017, indicating a worsening financial position[30]