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科新发展(600234) - 2020 Q4 - 年度财报
2021-03-25 16:00
Financial Performance - In 2020, the company's operating revenue reached CNY 1,113,972,554.86, a significant increase of 388.79% compared to CNY 227,902,943.03 in 2019[20] - The net profit attributable to shareholders of the listed company for 2020 was CNY 56,304,032.10, up 233.36% from CNY 16,890,003.42 in 2019[20] - The net assets attributable to shareholders of the listed company increased by 76.62% to CNY 129,789,750.63 at the end of 2020, compared to CNY 73,485,718.53 at the end of 2019[20] - The total assets of the company at the end of 2020 were CNY 1,052,163,403.74, reflecting a 73.92% increase from CNY 604,975,310.46 in 2019[20] - The basic earnings per share for 2020 was CNY 0.28, a 250% increase from CNY 0.08 in 2019[21] - The weighted average return on equity for 2020 was 55.40%, an increase of 28.91 percentage points from 26.49% in 2019[21] - The net profit after deducting non-recurring gains and losses was CNY 66,980,338.99, which is a 420.37% increase from CNY 12,871,583.44 in 2019[20] - The company reported a net cash flow from operating activities of CNY 28,197,109.66, a decrease of 36.39% compared to CNY 44,328,415.85 in 2019[20] Business Segments and Operations - The company’s main business segments include advertising media, construction decoration, and office leasing, with a focus on integrated marketing services and comprehensive decoration services[31] - The company aims to expand its service offerings across various industries, including real estate, automotive, e-commerce, and finance, enhancing its market presence[32] - The company has a first-class qualification for construction decoration, enabling it to undertake various types of projects, including residential and commercial[31] - The advertising media business has gained significant industry recognition, winning multiple awards including the 2020 Golden Investment Award and the 2020 4A Creative Silver Award[38] - The construction and decoration engineering business has signed strategic cooperation agreements with major clients, laying a solid foundation for future scale development[39] - The company achieved a total revenue of approximately 746.72 million RMB from construction and decoration engineering business, accounting for 67.03% of total revenue in 2020[75] Strategic Initiatives and Future Plans - The company plans to issue no more than 60,075,093 shares to raise a total of up to 480 million RMB to enhance capital strength and improve the capital structure[44] - The company plans to focus on expanding its advertising media business while consolidating its office leasing and architectural decoration engineering businesses[87] - The architectural decoration engineering business will adopt a diversified market expansion model, increasing market share in residential and commercial renovations[89] - The company is exploring potential acquisitions to strengthen its content library, with a budget of 500 million RMB allocated for this purpose[150] - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next three years[149] Risks and Challenges - The company’s advertising media business faces significant market competition risks due to a large number of participants in the industry, which may impact market share and profitability[91] - The construction decoration engineering business is susceptible to macroeconomic fluctuations, with potential demand shrinkage if economic growth slows down[91] - The rapid growth of accounts receivable poses a risk, as any adverse changes in client financial conditions could hinder timely collections, impacting cash flow[93] - The company has established strategic partnerships with major clients to reduce reliance on a few large customers, enhancing business diversification[94] Corporate Governance and Compliance - The company has committed to avoiding any direct or indirect competition with its listed business and will strive to ensure that its controlled enterprises do not engage in similar business activities[100] - The company guarantees to compensate any losses incurred by the listed company due to violations of these commitments[102] - The company has committed to fulfilling its obligations regarding compensation measures and will bear legal responsibilities if it fails to do so, as per regulations from the China Securities Regulatory Commission (CSRC) and other regulatory bodies[109] - The company has not reported any significant changes in its accounting policies that would affect its financial reporting[111] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,601, an increase from 7,515 at the end of the previous month[134] - The largest shareholder, Shenzhen Qianhai Paide Gao Sheng Investment Partnership (Limited Partnership), held 27,164,647 shares, representing 13.42% of total shares[136] - The top ten shareholders collectively held a significant portion of the company's shares, with the largest three shareholders alone accounting for over 25%[136] Employee and Management Information - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 4.2771 million yuan[159] - The number of employees in the parent company is 26, while the number of employees in major subsidiaries is 180, totaling 206 employees[161] - The company established a performance-oriented compensation incentive system based on positions and market references[162] Audit and Financial Reporting - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies were found during the audit[178] - The company reported adjustments to its financial statements due to the new revenue recognition standard, including a decrease in inventory by CNY 14,551,581.80 and an increase in contract assets by the same amount[113] - The company appointed Zhongxi Accounting Firm as its auditor for the 2020 fiscal year, with an audit fee of CNY 600,000[116]
科新发展(600234) - 2020 Q3 - 季度财报
2020-10-29 16:00
Financial Performance - Operating revenue surged by 276.74% to CNY 526,290,038.24 for the year-to-date period[6] - Net profit attributable to shareholders rose by 228.62% to CNY 29,373,945.68 year-to-date[6] - The company reported a net profit of CNY 30,395,012.34 after deducting non-recurring gains and losses, reflecting a 240.04% increase year-to-date[6] - Basic earnings per share increased by 228.28% to CNY 0.1451[6] - Net profit for the period was ¥29,373,900, representing a 73.91% increase compared to the total net profit of ¥16,890,000 for the entire previous year[15] - Total operating revenue for Q3 2020 reached ¥350,638,688.32, a significant increase from ¥60,405,938.99 in Q3 2019[25] - Net profit for Q3 2020 was ¥25,570,097.45, up from ¥3,743,896.27 in Q3 2019, reflecting a growth of approximately 583%[27] - The total profit for the first three quarters of 2020 was ¥38,674,357.09, compared to ¥15,987,351.00 in the same period of 2019, marking a growth of about 142%[27] Assets and Liabilities - Total assets increased by 41.07% to CNY 853,459,819.71 compared to the end of the previous year[6] - Total liabilities rose to ¥730,638,724.27, up from ¥511,840,678.16, indicating an increase of about 42.8%[20] - Owner's equity increased to ¥122,821,095.44 from ¥93,134,632.30, reflecting a growth of approximately 31.9%[20] - Current liabilities totaled ¥631,086,133.98, compared to ¥411,721,147.14, marking an increase of around 53.2%[19] - Contract assets rose dramatically by 1393.83% to ¥217,376,070.19, compared to ¥14,551,581.80 at the end of 2019, reflecting uncompleted construction contracts[11] - Accounts receivable increased by 110.38% to ¥36,618,014.59 from ¥17,405,244.28, indicating a rise in business activity[11] - The company's total assets as of Q3 2020 amounted to ¥604,975,310.46, remaining unchanged from the previous year[42] - The total liabilities of the company were reported at ¥511,840,678.16, indicating no change from the previous year[41] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 18,474,719.37, compared to a positive cash flow of CNY 4,090,839.41 in the same period last year[6] - Operating cash flow for the first nine months of 2020 was negative at ¥18,474,719.37, a significant decline from a positive cash flow of ¥4,090,839.41 in the same period of 2019[34] - The company reported a significant decrease in cash received from operating activities, with cash from sales dropping to ¥7,069,436.38 from ¥10,996,325.20 in the same period of 2019, a decline of 35.5%[36] - The company’s cash outflow for operating activities was ¥11,812,854.08, down from ¥22,411,583.62 in the same period of 2019, reflecting a decrease of 47.4%[36] - The company received cash from borrowings amounting to ¥30,000,000.00 in Q3 2020, indicating a strategy to bolster liquidity[35] Shareholder Information - The total number of shareholders reached 7,922 by the end of the reporting period[9] - The top ten shareholders held a combined 56.67% of the company's shares, with the largest shareholder owning 13.42%[9] Government Support - The company received government subsidies amounting to CNY 959,738.88 year-to-date, with CNY 84,738.88 recognized in the current period[8] Future Plans - The company plans to issue up to 60,075,093 shares at a price of ¥7.99 per share, aiming to raise approximately ¥480 million from Shenzhen Kexin Industrial Holdings Co., Ltd.[13] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27] Operational Costs - The operating costs surged by 397.33% to ¥445,397,622.17, up from ¥89,558,245.45, primarily due to increased construction and media business activities[12] - The company’s management expenses rose by 75.18% to ¥20,630,022.68, attributed to increased business operations and personnel costs[12] - Total operating expenses for Q3 2020 were ¥461,193,567.81, compared to ¥106,476,423.37 in Q3 2019, representing an increase of 333.5%[34] Credit and Impairment - The company incurred a credit impairment loss of ¥2,270,243.87 in Q3 2020, compared to a reversal of ¥1,226,790.51 in Q3 2019, reflecting changes in credit risk[28] Comprehensive Income - The total comprehensive income for Q3 2020 was ¥25,570,097.45, compared to ¥3,743,896.27 in Q3 2019, indicating overall financial health improvement[28] - The total comprehensive income for Q3 2020 was a loss of ¥2,103,564.94, compared to a loss of ¥627,002.93 in Q3 2019, reflecting a decline of 235.5%[32]
科新发展(600234) - 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 ¥175,651,349.92, representing a 121.53% increase compared to ¥79,291,585.85 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 34.73% to ¥3,947,931.78 from ¥6,048,921.77 in the previous year[21]. - The net cash flow from operating activities was negative at -¥36,550,862.97, compared to a positive ¥16,071,736.95 in the same period last year[21]. - The total operating revenue for the first half of 2020 reached ¥175,651,349.92, a significant increase of 121.0% compared to ¥79,291,585.85 in the same period of 2019[92]. - The company reported a net loss of CNY 8,002,610.65 for the first half of 2020, compared to a net loss of CNY 6,572,814.51 in the same period of 2019, indicating a deterioration in performance[97]. - The total comprehensive income for the first half of 2020 was CNY -8,002,610.65, reflecting the overall financial difficulties faced by the company[98]. - The company reported a significant increase in sales revenue from CNY 53,610,999.86 in the first half of 2019 to CNY 115,278,186.61 in the first half of 2020[99]. - The company reported a decrease in comprehensive income of CNY 65.73 million for the current period, which impacted the overall equity[126]. Assets and Liabilities - The total assets increased by 11.30% to ¥673,328,594.93 from ¥604,975,310.46 at the end of the previous year[21]. - The company's total assets decreased slightly to ¥549,581,104.79 from ¥554,083,214.81 at the end of 2019[90]. - The total liabilities reached RMB 576,077,596.94, compared to RMB 511,840,678.16 at the end of 2019, reflecting an increase in financial obligations[86]. - The total liabilities increased to ¥456,824,043.43, up from ¥453,323,542.80 in the previous period[90]. - The company's short-term borrowings amounted to ¥30,000,000.00, indicating reliance on debt financing[85]. - Accounts receivable increased by 128.12% year-on-year, reaching 79,424,717.48, accounting for 11.80% of total assets[34]. - Other payables increased by 3.70% year-on-year to 330,698,438.48, representing 49.11% of total assets[34]. Shareholder Information - The company has a total share capital of 63.86 million shares, with a par value of CNY 1 per share[128]. - The total number of common stock shareholders reached 8,026 by the end of the reporting period[75]. - The largest shareholder, Shenzhen Qianhai Paide Gao Sheng Investment Partnership, holds 27,164,647 shares, representing 13.42% of the total shares[76]. - The second-largest shareholder, Nanjing Sentai Investment Co., Ltd., holds 17,874,612 shares, accounting for 8.83%[76]. - After the private placement, the controlling shareholder will change to Kexin Holdings, which will hold 33.23% of the total shares post-issuance[71]. Management and Governance - The actual controller of the company changed from Mr. Wu Taijiao to Mr. Huang Shaojia during the reporting period[8]. - The company did not have any profit distribution plan or capital reserve transfer plan during the reporting period[4]. - There were no significant risks or non-operating fund occupation by controlling shareholders and their related parties[6][7]. - The company has no significant litigation or arbitration matters during the reporting period[61]. - The company has committed to measures to avoid competition and ensure the independence of the listed company following a recent acquisition[60]. Operational Highlights - The advertising media business generated revenue of RMB 75.63 million, an increase of RMB 6.33 million from RMB 69.30 million in the previous year[30]. - The decoration and renovation business secured 12 projects with a total bid amount of approximately RMB 300 million, contributing about 50% to the company's total revenue[30]. - The company aims to expand its marketing services, focusing on brand promotion and event planning[49]. - The company plans to continue expanding its customer base and business scope to ensure stable growth in its decoration business[55]. - The company is actively pursuing the disposal of its stake in Beijing Junren Film and Television, which has not yet commenced substantive operations[52]. Financial Strategy - The company plans to issue up to 60,075,093 shares in a private placement, with a subscription amount of ¥480 million, aimed at enhancing capital strength and reducing debt ratio[71]. - The company took on a bank loan of RMB 30 million during the reporting period, contributing to a net cash flow from financing activities of RMB 29.74 million[32]. - The company experienced a significant cash outflow from financing activities, impacting its overall liquidity position[104]. - The company plans to focus on market expansion and new product development to enhance revenue streams in the upcoming quarters[104]. - The management expressed optimism about future performance, citing ongoing investments in technology and innovation[104]. Accounting Policies - The company follows the accrual basis of accounting and prepares its financial statements in accordance with the relevant accounting standards[131]. - Financial assets are classified based on the management's business model and cash flow characteristics, with initial recognition at fair value[151]. - The company recognizes joint arrangements when it shares control with other parties, requiring unanimous consent for significant decision-making[177]. - The company recognizes termination benefits when it cannot unilaterally withdraw the termination plan or when it confirms costs related to restructuring[200].
ST山水关于参加山西辖区上市公司2020年度投资者网上集体接待日活动的公告
2020-06-11 09:15
证券代码:600234 证券简称:ST 山水 编号:临 2020--016 山西广和山水文化传播股份有限公司 关于参加山西辖区上市公司 2020 年度投资者 网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏,并对其内容的真实性、准确性和完整性承 担个别及连带责任。 重要内容提示 活动时间:2020 年 6 月 17 日(星期三)15:00-17:00 活动方式:网络互动 投资者可登录"全景∙路演天下"网站(http://rs.p5w.net/) 参与互动交流。 2020 年 3 月 31 日,山西广和山水文化传播股份有限公司(以下 简称"公司")披露了《2019 年年度报告》。为进一步贯彻落实《国 务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作 的意见》(国发办[2013]110 号),切实保障投资者合法权益,根据中 国证券监督管理委员会山西监管局及山西省上市公司协会的组织和 安排,公司将于 2020 年 6 月 17 日(星期三)15:00-17:00 参加"山 西辖区上市公司 2020 年度投资者网上集体接待日"活动,就公司 2019 ...
科新发展(600234) - 2020 Q1 - 季度财报
2020-04-28 16:00
Financial Performance - Operating revenue surged by 117.71% to CNY 69,177,293.29 compared to the same period last year[5] - Net profit attributable to shareholders rose by 86.78% to CNY 2,581,529.78 year-on-year[5] - Basic earnings per share increased by 57.14% to CNY 0.011[5] - Diluted earnings per share also increased by 57.14% to CNY 0.011[5] - The company's net profit for Q1 2020 was CNY 2,762,482.63, a significant increase from CNY 1,545,229.61 in Q1 2019, representing a growth of approximately 78.7%[22] - Operating profit for Q1 2020 was CNY 3,885,521.20, compared to CNY 2,085,895.22 in Q1 2019, reflecting an increase of approximately 86.1%[22] - The company's total profit for Q1 2020 was CNY 4,474,019.17, compared to CNY 2,085,895.22 in Q1 2019, showing an increase of approximately 114.4%[22] - The total comprehensive income for Q1 2020 was CNY 2,762,482.63, up from CNY 1,545,229.61 in Q1 2019, indicating a growth of approximately 78.7%[23] Assets and Liabilities - Total assets decreased by 0.85% to CNY 599,845,072.52 compared to the end of the previous year[5] - Total liabilities increased to 455,503,183.26 RMB in Q1 2020 from 453,323,542.80 RMB in Q4 2019[20] - Total assets as of March 31, 2020, amounted to 550,777,876.84 RMB, down from 554,083,214.81 RMB at the end of 2019[20] - Total liabilities amounted to ¥511,840,678.16, with current liabilities at ¥411,721,147.14 and non-current liabilities at ¥100,119,531.02[34] - Owner's equity was reported at ¥93,134,632.30, with a significant negative retained earnings of -¥471,821,607.39[34] Cash Flow - Net cash flow from operating activities decreased significantly by 12,800.78% to -CNY 21,143,508.88 compared to the previous year[5] - Cash inflows from operating activities in Q1 2020 totaled CNY 63,226,832.61, significantly higher than CNY 21,380,680.77 in Q1 2019, representing an increase of approximately 195.5%[27] - The net cash flow from operating activities for Q1 2020 was CNY -21,143,508.88, compared to CNY 166,474.15 in Q1 2019, indicating a decline in cash flow[27] - The company had a net cash flow from investing activities of -45,928.00 RMB, reflecting a significant decrease from -200,180.25 RMB in the previous year[28] - Cash flow from financing activities showed a net inflow of 387,970.62 RMB, a notable change from the previous year's outflow[28] Shareholder Information - The total number of shareholders reached 8,391 at the end of the reporting period[9] - The top ten shareholders held a total of 81,000,000 shares, representing 40.5% of the total shares[9] Business Operations - Operating costs increased by 180.71% to ¥53,057,356.60 in Q1 2020 from ¥18,901,059.84 in Q1 2019, primarily due to the addition of new decoration business[12] - The net accounts receivable rose by 81.42% to ¥31,575,943.02 as of March 31, 2020, compared to ¥17,405,244.28 at the end of 2019, indicating increased business activity[11] - The company plans to establish a subsidiary in Hong Kong with an investment of HKD 1 million, focusing on exhibition planning and internet marketing[12] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[21] Tax and Other Financial Metrics - The company reported a 67.84% decrease in taxes payable, down to ¥1,247,178.74 from ¥3,878,489.85, due to payments of last year's accrued corporate income tax[11] - Deferred income tax liabilities were recorded at 98,799,791.43 RMB, unchanged from the previous quarter[20] - The capital reserve stood at ¥330,243,636.02, reflecting the company's financial strength[34] - The company executed a new revenue recognition standard starting January 1, 2020, transferring completed but unsettled construction contract assets of ¥14,551,581.80 to contract assets[34]
科新发展(600234) - 2019 Q4 - 年度财报
2020-03-30 16:00
Financial Performance - The net profit attributable to the parent company for 2019 was ¥16,890,003.42, with a year-end undistributed profit of -¥471,821,607.39, indicating no profit distribution for the year[4]. - The company has faced negative net profits for the years 2017 and 2018, leading to a delisting risk warning since April 29, 2019, with the stock name changed to "*ST 山水"[7]. - The company plans to apply for the removal of the delisting risk warning, as the conditions for such a warning have been eliminated for the 2019 fiscal year[7]. - The company's operating revenue for 2019 was approximately ¥227.90 million, representing a year-over-year increase of 55.68% compared to ¥146.40 million in 2018[20]. - The net profit attributable to shareholders was approximately ¥16.89 million in 2019, a significant recovery from a loss of ¥16.96 million in 2018[20]. - The basic earnings per share for 2019 was ¥0.08, compared to a loss of ¥0.08 per share in 2018[21]. - The weighted average return on equity increased to 26.49% in 2019, up from -27.12% in 2018[21]. - The total assets of the company reached approximately ¥604.98 million at the end of 2019, reflecting a 19.75% increase from ¥505.19 million at the end of 2018[20]. - The net cash flow from operating activities for the year was approximately ¥44.33 million, a significant improvement from a negative cash flow of ¥141.27 million in 2018[20]. - The company reported a total operating income of ¥227,902,943.03, representing a 55.68% increase compared to ¥146,396,293.30 in the previous year[50]. - The total comprehensive income for 2019 was CNY -8,610,934.50, compared to CNY -20,322,946.61 in 2018, reflecting an improvement of approximately 57%[176]. Operational Highlights - There were no significant operational risks that materially affected the company's operations during the reporting period[6]. - The company has not engaged in non-operating fund occupation by controlling shareholders or related parties[6]. - The company has not provided guarantees in violation of regulatory decision-making procedures[6]. - The audit report for the company was issued by Zhongxi Certified Public Accountants, confirming the financial statements as standard without reservations[7]. - The company achieved operating revenue of CNY 227.90 million, an increase of 55.68% year-on-year, driven by successful advertising media operations and the addition of decoration engineering services[35]. - The advertising media business accounted for 85.18% of total operating revenue, while the decoration engineering business contributed 6.28%[40]. - The company acquired Shenzhen Tida Decoration Engineering Co., enhancing its competitive and profitability capabilities through strategic transformation[34]. - The company disposed of subsidiaries that did not align with future development plans, optimizing its asset structure[34]. Financial Position - The company has a negative retained earnings balance, which affects its ability to distribute profits to shareholders[4]. - The total liabilities increased by 18.26% year-on-year to CNY 511.84 million, resulting in a debt-to-asset ratio of 84.61%[35]. - The total liabilities at the end of 2019 were CNY 488,711,610, which is a decrease from CNY 489,976,521 in 2018, indicating improved financial health[192]. - The total assets of the company increased to CNY 328,972,678, reflecting a growth of about 0.6% from CNY 328,972,678.80 in 2018[192]. - The company reported a net loss of CNY 471,821,607.39 in 2019, an improvement from a loss of CNY 489,976,521.69 in 2018[164]. - The total equity attributable to the parent company at the end of 2019 was CNY 202,445,880, with a slight increase from CNY 201,220,000 in 2018, representing a growth of approximately 0.61%[192]. Shareholder Information - The total number of ordinary shareholders increased to 8,838 by the end of the reporting period, up from 8,551 at the end of the previous month[108]. - The largest shareholder, Shenzhen Qianhai Paide, holds 27,164,647 shares, representing 13.42% of the total shares[110]. - The second-largest shareholder, Nanjing Sentai Investment, holds 18,076,312 shares, representing 8.93% of the total shares[110]. - The company has not made any cash dividend distributions in the past three years, with total losses amounting to approximately 16.89 million RMB in 2019[84]. Governance and Management - The company has a diverse board with members having extensive experience in various sectors, including finance and management[123]. - The current management team includes individuals with backgrounds in investment management and financial services[124]. - The company has appointed a new board secretary and deputy general manager to strengthen its governance structure[124]. - The management team has a strong emphasis on administrative efficiency and financial oversight[124]. - The company has established a performance assessment salary system based on regional and industry average salary levels[130]. Future Strategies - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[186]. - The company is exploring potential mergers and acquisitions to enhance its market presence and diversify its product offerings[186]. - The company aims to improve its operational efficiency and reduce costs by implementing new technologies in its processes[186]. - The company plans to leverage its existing core customer partnerships to expand into the decoration design and construction business, focusing initially on the Shenzhen market[78].
科新发展(600234) - 2019 Q3 - 季度财报
2019-10-29 16:00
Financial Performance - Operating revenue for the first nine months reached CNY 139,697,524.84, a 21.22% increase year-on-year[6] - Net profit attributable to shareholders was CNY 8,938,646.46, a significant recovery from a loss of CNY 2,676,266.15 in the same period last year[6] - Basic earnings per share rose to CNY 0.044 from a loss of CNY 0.0102 in the same period last year[6] - Total revenue for Q3 2019 reached ¥60,405,938.99, a 41.5% increase compared to ¥42,754,737.73 in Q3 2018[22] - Net profit for Q3 2019 was ¥3,743,896.27, compared to a net loss of ¥924,128.52 in Q3 2018, indicating a significant turnaround[24] - Operating profit for Q3 2019 was ¥6,356,336.65, a recovery from a loss of ¥93,729.34 in Q3 2018[23] - Operating profit for the first three quarters of 2019 was -¥7,199,817.44, worsening from -¥3,560,994.16 in the same period of 2018[28] - Total comprehensive income for Q3 2019 was -¥627,002.93, down from ¥653,799.76 in Q3 2018[29] Assets and Liabilities - Total assets increased by 14.86% to CNY 580,283,205.61 compared to the end of the previous year[6] - The total assets of the company increased to ¥580,283,205.61 as of September 30, 2019, compared to ¥505,187,914.53 at the end of 2018, representing a growth of approximately 15%[16] - The total liabilities increased to ¥498,219,848.69 as of September 30, 2019, from ¥432,400,471.08 at the end of 2018, marking an increase of approximately 15%[16] - Total liabilities for Q3 2019 were ¥436,958,915.46, compared to ¥392,241,018.98 in Q3 2018, representing an increase of 11.4%[21] - The company's total equity decreased to ¥102,170,789.07 from ¥109,370,606.51 year-over-year, a decline of 6.5%[21] - The total liabilities to total assets ratio is approximately 85.5%, indicating a high leverage position[39] - The company’s total current liabilities represent about 66% of total liabilities, highlighting a significant reliance on short-term financing[39] Cash Flow - Cash flow from operating activities increased by 15.16% to CNY 4,090,839.41 compared to the same period last year[6] - The net cash flow from operating activities for Q3 2019 was 4,090,839.41 RMB, compared to 3,552,222.92 RMB in the previous year, indicating a year-over-year increase[32] - Total cash inflow from financing activities was 100,010,815.27 RMB, while cash outflow was 93,828,942.28 RMB, resulting in a net cash flow of 387,970.62 RMB[33] - The cash and cash equivalents at the end of Q3 2019 amounted to 26,110,430.68 RMB, up from 20,412,663.11 RMB at the beginning of the period, reflecting a net increase of 5,697,767.57 RMB[33] - Operating cash inflow for the first three quarters of 2019 was 19,767,772.51 RMB, a decrease from 103,104,343.75 RMB in the same period of 2018[34] - The net cash flow from operating activities for the first three quarters of 2019 was -2,643,811.11 RMB, a significant decline compared to 29,747,457.23 RMB in the previous year[34] Equity and Shareholder Information - Net assets attributable to shareholders increased by 16.53% to CNY 62,998,493.47 compared to the end of the previous year[6] - The company's equity attributable to shareholders improved to ¥62,998,493.47 from ¥54,059,847.01, reflecting a growth of about 16.5%[17] - The company reported an accumulated deficit of CNY -489,976,521.69 in undistributed profits[40] - Owner's equity stood at $109,370,606.51, reflecting the company's net worth after liabilities[44] - The company reported an accumulated deficit of $434,665,762.19, highlighting ongoing financial challenges[44] Operational Changes and Strategy - The company completed the acquisition of 100% equity in Shenzhen Tida Decoration Engineering Co., Ltd. on October 15, 2019, as part of its strategy for market expansion[11] - The company has successfully completed the deregistration of several non-operational subsidiaries, including Ningbo Meishan Free Trade Port Area Shanshui Yinjia Investment Management Co., Ltd., enhancing operational efficiency[11] - The company is focused on cost control and sustainable development, aiming to enhance profitability in the upcoming quarters[11] - The company has plans for further business preparations following the acquisition, indicating a proactive approach to integrating new operations[11] Tax and Fees - The company reported a 141.06% increase in tax and additional fees, totaling CNY 2,648,109.93, due to increased VAT[10]
科新发展(600234) - 2019 Q2 - 季度财报
2019-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was ¥79,291,585.85, representing a 9.38% increase compared to ¥72,491,528.79 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2019 was ¥6,048,921.77, a significant recovery from a loss of ¥1,137,104.55 in the previous year[18]. - The net cash flow from operating activities improved to ¥16,071,736.95, compared to a negative cash flow of ¥35,219,949.47 in the same period last year[18]. - The total assets of the company increased by 8.32% to ¥547,233,340.12 from ¥505,187,914.53 at the end of the previous year[18]. - The net assets attributable to shareholders rose to ¥60,108,768.78, marking an 11.19% increase from ¥54,059,847.01 at the end of the previous year[18]. - Basic earnings per share for the first half of 2019 were ¥0.0325, a recovery from a loss of ¥0.006 per share in the same period last year[19]. - The weighted average return on net assets was 10.60%, a significant improvement from -1.26% in the previous year[19]. - The company achieved a total revenue of RMB 79.29 million in the first half of 2019, representing a 9.38% increase compared to RMB 72.49 million in the same period last year[23]. - The net profit attributable to the parent company was RMB 6.05 million, a substantial increase of RMB 7.19 million compared to a net loss of RMB 1.14 million in the previous year[23]. - Operating profit rose to RMB 9.63 million, an increase of RMB 3.21 million from RMB 6.43 million in the same period last year[23]. Risks and Challenges - The company has faced a delisting risk warning due to negative net profits for two consecutive years, and a continued negative net profit in 2019 could lead to suspension of listing[6]. - The report includes a forward-looking statement risk warning, indicating that future plans and strategies do not constitute a substantive commitment to investors[5]. - The company has faced continuous negative net profits for two consecutive years, leading to a risk warning for delisting[53]. - The company reported a net loss of CNY -483,927,599.92 as of June 30, 2019, slightly improved from a loss of CNY -489,976,521.69 at the end of 2018[88]. - The company’s liquidity remains a concern, with negative cash flow from operating activities for two consecutive years[60]. Cash Flow and Liquidity - Cash flow from operating activities showed a significant improvement, with a net cash inflow of RMB 16.07 million compared to a net outflow of RMB 35.22 million in the previous year[25]. - The company's cash and cash equivalents increased by 79.26%, reaching RMB 36.59 million, attributed to regular cash recovery from rental and media business[28]. - The company reported a total cash and cash equivalents at the end of the period stood at CNY 36,592,091.43, slightly down from CNY 38,280,868.14 at the end of the previous year[103]. - The company experienced a significant decrease in cash inflow from operating activities, primarily due to a drop in sales revenue[105]. - The company is committed to maintaining a strong balance sheet while managing cash flow effectively amid challenging market conditions[106]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 9,224[76]. - The largest shareholder, Shenzhen Qianhai Paide, holds 27,164,647 shares, accounting for 13.42% of the total shares[78]. - The second-largest shareholder, Nanjing Sentai Investment Co., Ltd., holds 19,249,800 shares, representing 9.51% of the total shares, with a decrease of 766,500 shares during the reporting period[78]. Management and Governance - The company appointed Xu Qirui as the new chairman and general manager on April 12, 2019, following the resignation of Wu Taijiao[81]. - The company plans to focus on improving profitability and reducing operational risks in 2019, with a stable performance in its leasing and advertising businesses[61]. - The company has not proposed any profit distribution or capital reserve transfer plan for the reporting period[4]. - The actual controller of the company was involved in an investigation but was released on bail and later cleared of criminal charges[63]. Accounting Policies and Financial Reporting - The company has made adjustments to its accounting policies in accordance with new financial instrument standards effective from January 1, 2019[72]. - The company has implemented specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[126]. - The company’s financial statements are prepared based on the going concern assumption, indicating a focus on sustainable development[125]. - The company recognizes its share of assets and liabilities in joint operations and accounts for them according to relevant accounting standards[137]. - The company applies the effective interest method for subsequent measurement of financial assets measured at amortized cost, with gains or losses recognized in the current period[143]. Asset Management - The total assets of Shanshui Leting are 708.24 million RMB, with total equity of 538.24 million RMB[32]. - The company’s total assets as of June 30, 2019, were ¥538,752,511.22, compared to ¥501,611,625.49 at the end of 2018, showing an increase of 7.4%[92]. - The total liabilities increased to ¥435,954,719.22 from ¥392,241,018.98, representing an increase of 11.1%[92]. - The company has established a provision for bad debts based on aging analysis, with specific percentages for different aging categories[153]. Future Outlook - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[106]. - The company aims to enhance its profitability and address sustainability issues as a priority for its management[61].
*ST山水关于参加“2019年山西辖区上市公司投资者集体接待日”活动的公告
2019-05-17 07:40
证券代码:600234 证券简称:*ST 山水 编号:临 2019--019 山西广和山水文化传播股份有限公司 关于参加"2019 年山西辖区上市公司投资者 集体接待日"活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏,并对其内容的真实性、准确性和完整性承 担个别及连带责任。 重要内容提示 会议召开时间:2019 年 5 月 23 日(星期四)下午 14:30-16:30 会议召开方式:网络远程 投资者可通过以下方式参与:1、"上证路演中心"网站 (http://roadshow.sseinfo.com)或关注微信公众号:上证 路演中心;2、"全景∙路演天下"网站(http://rs.p5w.net/) 或关注微信公众号:全景财经。 2019 年 4 月 26 日,山西广和山水文化传播股份有限公司(以下 简称"公司")披露了《2018 年年度报告》。为切实保障投资者合法 权益,进一步加强与广大投资者的沟通交流,根据山西省上市公司协 会的组织和安排,公司将于 2019 年 5 月 23 日(星期四)下午 14:30-16:30 参加"2019 年山西辖区上市公司投资者 ...
科新发展(600234) - 2019 Q1 - 季度财报
2019-04-25 16:00
Financial Performance - Operating revenue decreased by 3.78% to CNY 31,775,136.67 year-on-year[5] - Net profit attributable to shareholders increased by 3.38% to CNY 1,382,096.03 compared to the same period last year[5] - The net profit excluding non-recurring gains and losses decreased by 22.54% to CNY 1,382,096.03[5] - Net profit for Q1 2019 was CNY 1,545,229.61, down 52.8% from CNY 3,276,286.73 in Q1 2018[20] - The net profit for Q1 2019 was a loss of CNY 3,104,220.20, compared to a loss of CNY 1,038,863.84 in Q1 2018, indicating a significant decline in profitability[24] Assets and Liabilities - Total assets increased by 3.49% to CNY 522,830,597.45 compared to the end of the previous year[5] - The total assets as of March 31, 2019, amounted to CNY 542,160,381.40, an increase from CNY 501,611,625.49 at the end of 2018[17] - Total liabilities as of March 31, 2019, were CNY 435,893,995.09, up from CNY 392,241,018.98 at the end of 2018[18] - The company reported a total equity of 72,787,443.45 RMB, with an accumulated deficit of -489,976,521.69 RMB[34] - Total liabilities reached 392,241,018.98, with current liabilities at 293,337,962.55 and non-current liabilities at 98,903,056.43[37] Cash Flow - Cash flow from operating activities improved significantly to CNY 166,474.15 from a negative CNY 40,980,071.62 in the previous year[5] - The cash flow from operating activities for Q1 2019 was CNY 166,474.15, a recovery from a negative cash flow of CNY 40,980,071.62 in Q1 2018[26] - The company incurred cash outflows of 23,667,352.40 RMB from financing activities, primarily due to debt repayments and dividend distributions[30] Shareholder Information - The number of shareholders at the end of the reporting period was not disclosed, but the top ten shareholders held a total of 13.42% to 9.89% of shares[8] - The largest shareholder, Shenzhen Qianhai Paide Gaosheng Investment Partnership, held 27,164,647 shares, accounting for 13.42%[8] - The company reported a basic earnings per share of CNY 0.01, unchanged from the previous year[5] - The company reported a basic earnings per share of CNY 0.01 for Q1 2019, unchanged from Q1 2018[21] Expenses - Sales expenses rose by 82.86% to ¥2,098,511.92 due to increased media business costs[9] - Financial expenses increased by 44.20% to ¥3,259,002.79 due to higher interest costs from increased borrowings[9] - The company incurred financial expenses of CNY 2,920,405.23 in Q1 2019, significantly higher than CNY 448,211.94 in Q1 2018[23] - The management expenses decreased to CNY 1,269,218.27 in Q1 2019 from CNY 1,810,692.90 in Q1 2018, reflecting cost control measures[23] Accounts and Provisions - Accounts receivable increased by 217.72% to ¥25,008,065.38 due to business growth[9] - Deferred tax assets rose by 217.57% to ¥296,634.98 as a result of bad debt provisions[9] - Accounts payable increased by 61.28% to ¥26,127,919.17 due to higher supplier payments[9] - Asset impairment losses surged by 445.70% to ¥942,859.60 due to increased bad debt provisions[9] - The company reported an asset impairment loss of CNY 2,174,581.66 in Q1 2019, compared to CNY 1,352,905.94 in Q1 2018[23] Cash and Equivalents - The company’s cash and cash equivalents were CNY 538,960.75 as of March 31, 2019, down from CNY 1,389,032.90 at the end of 2018[16] - The total cash and cash equivalents at the end of Q1 2019 were CNY 20,766,927.63, down from CNY 36,394,513.46 at the end of Q1 2018[27] - Cash and cash equivalents were reported at 1,389,032.90, indicating liquidity position[36]