SMEIC(600835)
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上海机电(600835) - 2015 Q3 - 季度财报
2015-10-29 16:00
Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 1,619,025,727.38, an increase of 118.32% year-on-year [5]. - Basic and diluted earnings per share were both CNY 1.58, representing a 116.44% increase compared to CNY 0.73 in the previous year [5]. - Operating profit for the first nine months reached CNY 2,437,235,463.29, an increase of 53.8% compared to CNY 1,585,553,099.72 in the previous year [28]. - The company reported a net profit of CNY 1,478,761,314.14 for Q3 2015, up from CNY 614,240,747.76 in Q3 2014, reflecting a growth of 141.5% [28]. - Net profit for Q3 2015 was CNY 1,346,804,204.74, compared to CNY 551,492,009.20 in Q3 2014, indicating a significant increase of approximately 144% [30]. - The total net profit attributable to shareholders for Q3 2015 was CNY 1,067,369,673.54, compared to CNY 280,235,423.82 in Q3 2014, marking an increase of approximately 281% [30]. Revenue and Costs - Operating revenue for the first nine months was CNY 14,753,293,830.16, down 5.28% from CNY 15,575,183,289.37 in the same period last year [10]. - Total revenue for the first nine months was CNY 14,753,293,830.16, a decrease of 5.3% from CNY 15,575,183,289.37 in the same period last year [28]. - The company’s total operating costs for the first nine months were CNY 13,459,516,051.62, down 6.0% from CNY 14,263,461,475.10 in the previous year [28]. - The total profit for the first nine months of 2015 reached CNY 951,766,173.15, compared to CNY 1,027,440,582.29 in the same period of 2014, showing a decline of about 7% [32]. Cash Flow - Cash flow from operating activities for the first nine months was CNY 1,508,101,907.80, a decrease of 14.66% from CNY 1,767,169,251.03 [5]. - The cash inflow from operating activities for the period from January to September was CNY 17,129,012,992.13, a decrease of 14.0% compared to CNY 19,886,121,640.52 in the same period last year [34]. - The net cash flow from operating activities was CNY 1,508,101,907.80, down 14.7% from CNY 1,767,169,251.03 year-on-year [34]. - The cash inflow from investment activities totaled CNY 247,035,739.18, down 30.0% from CNY 353,521,303.12 year-on-year [35]. - The net cash flow from investment activities was CNY -9,764,394.52, compared to CNY 17,039,065.33 in the same period last year [35]. - The cash inflow from financing activities was CNY 463,685,412.55, significantly higher than CNY 83,436,946.96 in the previous year [35]. - The net cash flow from financing activities was CNY -741,978,136.34, an improvement from CNY -1,076,095,235.90 year-on-year [35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 29,357,613,194.26, a decrease of 1.38% compared to the end of the previous year [5]. - Total liabilities rose to CNY 145,770,906.30, compared to CNY 122,903,472.34 at the start of the year, indicating an increase of about 18.6% [25]. - Cash and cash equivalents increased by 5.66% to ¥12,803,399,126 from ¥12,118,007,652 [13]. - Accounts receivable decreased by 4.32% to ¥2,133,396,738 from ¥2,229,729,298 [13]. - Inventory decreased by 10.26% to ¥6,874,962,941 from ¥7,661,129,728 [13]. - Short-term borrowings decreased significantly by 68.12% to ¥51,947,150 from ¥162,948,000 [13]. - Accounts payable decreased by 11.21% to ¥1,797,951,812 from ¥2,024,844,816 [13]. Shareholder Information - The total number of shareholders at the end of the reporting period was 57,038 [8]. - The largest shareholder, Shanghai Electric Group Co., Ltd., held 47.35% of the shares [8]. Strategic Outlook - The company plans to focus on market expansion and new product development to drive future growth [28]. - The company expects a net profit increase of 100%-150% compared to the previous year due to gains from the debt-to-equity swap with Gauss International [15].
上海机电(600835) - 2015 Q2 - 季度财报
2015-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2015 was approximately ¥9.83 billion, a decrease of 3.03% compared to ¥10.14 billion in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2015 was approximately ¥551.66 million, an increase of 19.58% from ¥461.35 million in the previous year[15]. - The net cash flow from operating activities decreased by 36.61% to approximately ¥563.73 million, down from ¥889.27 million in the same period last year[15]. - The basic earnings per share for the first half of 2015 was ¥0.54, representing a 20.00% increase from ¥0.45 in the same period last year[16]. - The company reported a comprehensive income total of CNY 994,357,285.11, compared to CNY 850,186,880.47, indicating an increase of 16.92%[80]. - The company's net profit for the first half of 2015 was CNY 1,044,852,650.45, an increase from CNY 977,914,049.46 in the same period of 2014, representing a growth of approximately 6.8%[83]. - The net profit for the current period is CNY 977,914,049.46, which is a significant contribution to the overall comprehensive income of CNY 975,298,196.64[98]. Revenue and Costs - Operating revenue for the current period is RMB 9,829,497,798.77, a decrease of 3.03% compared to the same period last year[25]. - Operating cost for the current period is RMB 7,801,959,717.00, a decrease of 2.94% compared to the same period last year[25]. - Total operating income for the first half of 2015 was CNY 10,925,609,399.53, down from CNY 12,152,925,253.75 in the previous year, indicating a decline of about 10.1%[85]. - Total operating costs decreased to CNY 9,111,139,487.76, down 2.53% from CNY 9,347,286,430.60 year-on-year[79]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥30.29 billion, reflecting a 1.75% increase from ¥29.77 billion at the end of the previous year[15]. - Total current assets increased to ¥25,235,289,583.02 from ¥24,651,133,111.43, representing a growth of approximately 2.37%[71]. - Total liabilities increased to ¥21,496,962,333.34 from ¥21,157,190,034.95, reflecting a growth of about 1.61%[73]. - Total equity rose to ¥8,793,691,583.77 from ¥8,611,904,664.56, marking an increase of approximately 2.11%[73]. Investments and Strategic Initiatives - The company is actively pursuing a strategic exit from the printing machine business, with several asset disposals already completed[23]. - The company has developed over 40 new technologies and 70% of its sales come from self-developed products[34]. - The company plans to increase the registered capital of Nabtesco (China) Precision Machinery Co., Ltd. from 40 million USD to 50 million USD, with an investment of 3.3 million USD from Shanghai Electric Hydraulic Pneumatic Co., Ltd.[45]. - The company aims to achieve an annual production capacity of 200,000 precision reducers at the newly established Nabtesco (China) Precision Machinery Co., Ltd.[45]. Shareholder Information - The total number of shareholders as of the end of the reporting period was 60,912[63]. - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 484,220,364 shares, representing 47.35% of the total shares[64]. - The company announced a cash dividend of RMB 3.40 per 10 shares for the 2014 fiscal year, totaling RMB 347,731,364.72, with B shares translating to USD 0.055460 per share[46]. Related Party Transactions - The company has engaged in significant related party transactions, including RMB 816,571.40 million in deposits and RMB 4,850.00 million in loans with its parent company[55]. - The company’s sales of elevator products to Mitsubishi Electric Shanghai Elevator Co., Ltd. amounted to RMB 130,011.18 million, accounting for 16.66% of similar transactions[55]. Accounting Policies and Financial Reporting - The financial statements have been prepared in accordance with the Chinese Accounting Standards, ensuring compliance and accuracy in reporting[107]. - The company recognizes receivables at fair value based on the contract or agreement price from the buyer or service recipient[131]. - Revenue is recognized based on the fair value of the contract price received or receivable from the sale of goods and provision of services, net of sales discounts and returns[175]. Employee Compensation and Benefits - Employee compensation includes various forms of remuneration, with short-term compensation recognized as liabilities during the accounting period[22]. - The company has defined benefit plans for employee retirement, with liabilities calculated based on actuarial assessments[23].
上海机电(600835) - 2015 Q1 - 季度财报
2015-04-23 16:00
Financial Performance - Net profit attributable to shareholders was ¥142,196,490.46, a decrease of 17.05% year-on-year[6]. - Operating revenue for the period was ¥4,151,295,665.30, reflecting a slight increase of 0.44% compared to the same period last year[6]. - Basic earnings per share were ¥0.14, a decline of 17.65% compared to the previous year[6]. - The company reported a total comprehensive income of CNY 308,879,061 for the first quarter, slightly down from CNY 310,442,850 in the previous year[24]. - Net profit for the first quarter of 2015 was CNY 292,387,551, compared to CNY 312,463,076 in the same period last year, indicating a decrease of about 6.5%[24]. - The total profit for the first quarter was CNY 352,483,141, down from CNY 365,274,660, reflecting a decline of approximately 3.2%[24]. - Investment income for the first quarter was CNY 69,799,508, a decrease from CNY 90,165,234, representing a decline of about 22.6%[24]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥29,973,481,837.84, an increase of 0.69% compared to the end of the previous year[6]. - Total liabilities were CNY 21,052,698,112.29, slightly down from CNY 21,157,190,034.95, showing a decrease of approximately 0.5%[16]. - Non-current assets totaled CNY 5,210,795,996.04, up from CNY 5,117,961,588.08 at the beginning of the year, reflecting a growth of approximately 1.4%[16]. - The total equity attributable to shareholders increased to CNY 6,419,303,426.36 from CNY 6,260,615,425.89, representing a growth of approximately 2.54%[16]. - The company reported a decrease in accounts payable from CNY 2,024,844,816.16 to CNY 1,749,316,342.00, a reduction of about 13.6%[16]. Cash Flow - Cash flow from operating activities showed a negative net amount of ¥139,849,646.1, worsening by 193.06% year-on-year[6]. - The cash inflow from operating activities was CNY 5,318,814,443, compared to CNY 5,842,216,428 in the previous year, indicating a decrease of approximately 9%[29]. - The net cash flow from operating activities was -139,849,646.10 RMB, compared to -47,720,877.79 RMB in the previous period, indicating a decline in operational cash generation[30]. - Total cash outflow from operating activities amounted to 5,458,664,088.69 RMB, down from 5,889,937,305.59 RMB in the prior period[30]. - The ending cash and cash equivalents balance was 11,359,319,999.38 RMB, a decrease from 10,628,363,103.52 RMB in the prior period[31]. - The company reported a cash and cash equivalents net decrease of 207,438,069.85 RMB, compared to a decrease of 5,744,491.65 RMB in the previous period[31]. Business Segments - The company’s elevator business continued to grow, while the printing machinery business faced integration challenges leading to profit decline[11]. Shareholder Information - The total number of shareholders reached 66,264, with the largest shareholder holding 47.35% of the shares[9]. Non-Recurring Items - Non-recurring gains and losses amounted to ¥4,123,164.08, primarily from asset disposal and other operating income[10].
上海机电(600835) - 2014 Q4 - 年度财报
2015-03-16 16:00
Financial Performance - The company's operating revenue for 2014 was CNY 20,778,933,220.52, an increase of 4.38% compared to CNY 19,907,077,075.11 in 2013[18]. - The net profit attributable to shareholders for 2014 was CNY 857,882,099.57, a decrease of 9.11% from CNY 943,833,546.36 in 2013[18]. - The net profit after deducting non-recurring gains and losses was CNY 891,666,551.39, an increase of 7.43% compared to CNY 829,985,088.19 in 2013[18]. - The net cash flow from operating activities was CNY 2,011,963,265.65, up 14.39% from CNY 1,758,892,889.23 in 2013[18]. - The total assets at the end of 2014 were CNY 29,769,094,699.51, representing a 9.77% increase from CNY 27,120,459,751.27 in 2013[18]. - The net assets attributable to shareholders increased to CNY 6,260,615,425.89, an 8.80% rise from CNY 5,754,430,707.28 in 2013[18]. - The basic earnings per share for 2014 were CNY 0.84, down 8.70% from CNY 0.92 in 2013[19]. - The weighted average return on equity decreased to 14.34%, down 3.15 percentage points from 17.49% in 2013[19]. Revenue Sources - The company’s service revenue from installation and maintenance exceeded ¥3.5 billion, accounting for over 20% of total revenue[25]. - Main business revenue in mainland China reached ¥17,830,153,931.27, an increase of 3.94% year-over-year[38]. - Revenue from other countries and regions was ¥2,673,488,682.16, reflecting a growth of 10.13% year-over-year[38]. - The elevator business generated revenue of ¥17,122,599,551.15, with a gross margin of 23.08%, showing a slight decrease of 0.08 percentage points in gross margin year-over-year[39]. - The printing and packaging business saw revenue of ¥2,378,357,571.09, with a gross margin of 18.18%, an increase of 2.22 percentage points year-over-year[39]. Cost Management and Efficiency - The company plans to adopt cost reduction and efficiency enhancement measures to mitigate risks from potential price declines in products[7]. - The company will focus on improving management and operational efficiency through quality control and cost management[65]. - The company has identified the need for financial monitoring and management to ensure stable economic operations[64]. Investments and R&D - Research and development expenses totaled ¥742.08 million, representing 3.57% of operating revenue and 8.62% of net assets[34]. - The company has developed over 40 new technologies and 70% of its sales now come from self-developed products[44]. - The company is exploring new fields such as digital printing and ticket printing while strengthening existing R&D efforts[47]. - The company has allocated 50 million for research and development of new technologies in the upcoming fiscal year[125]. Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[158]. - The company aims to enhance its competitive edge by focusing on service innovation and expanding its service brand[45]. - The company is committed to expanding its market share and maintaining competitiveness in the face of increasing industry rivalry[58]. Shareholder Information - The company implemented a cash dividend distribution of ¥286,367,006.24 for 2013, totaling ¥807,964,053.32 over the last three years, which aligns with the policy of distributing at least 30% of the average distributable profit[69]. - In 2014, the cash dividend per 10 shares was ¥3.40, with a total cash dividend amount of ¥347,731,364.72, representing 40.53% of the net profit attributable to shareholders[70]. - The total number of shareholders increased to 65,750 by the end of the reporting period, up from 60,984 five trading days prior[91]. Internal Control and Governance - The company has established a comprehensive internal control system covering major investment decisions, information disclosure, and financial management[118]. - The company has established a governance structure with clear responsibilities among the shareholders' meeting, board of directors, supervisory board, and management team[137]. - The external auditor, PwC Zhongtian, issued an unqualified opinion on the effectiveness of the company's internal controls related to financial reporting[141]. Employee and Management Structure - The total number of employees in the parent company is 32, while the main subsidiaries employ 3,372, resulting in a total of 3,404 employees[111]. - The company emphasizes a performance-based salary distribution model, linking employee compensation to company performance, departmental achievements, and individual performance[112]. - The total remuneration for the reporting period for directors and supervisors amounted to 318.85 million CNY (before tax)[103]. Future Outlook - The company expects to achieve a revenue of 18.75 billion yuan in 2015, with a gross profit of approximately 4.5 billion yuan[66]. - The elevator industry in China is projected to grow steadily, with the total number of elevators expected to exceed 5 million by 2018, despite a temporary slowdown in demand due to the real estate market[58]. - The energy-saving service market in China is anticipated to reach a value of 300 billion yuan in 2015, with a target of 600 billion yuan by 2020[60].
上海机电(600835) - 2014 Q3 - 季度财报
2014-10-19 16:00
Financial Performance - Revenue for the year-to-date reached CNY 15,575,183,289.37, reflecting a growth of 6.54% year-on-year[6] - Net profit attributable to shareholders for the year-to-date was CNY 741,582,103.89, up 19.17% from the previous year[6] - Basic earnings per share increased by 19.67% to CNY 0.73 compared to CNY 0.61 in the same period last year[6] - Total operating revenue for Q3 (July-September) reached ¥5,438,866,651.94, an increase of 4.03% compared to ¥5,237,229,591.36 in the same period last year[27] - Year-to-date operating revenue (January-September) was ¥15,575,183,289.37, up 6.56% from ¥14,618,769,623.62 in the previous year[27] - Net profit for Q3 was ¥551,492,009.20, down 10.33% from ¥615,034,671.72 year-over-year[28] - Earnings per share (EPS) for Q3 was ¥0.27, compared to ¥0.33 in the same quarter last year, reflecting a decrease of 18.18%[28] - The company reported a total profit of ¥659,019,423.17 for Q3, a decrease of 5.35% from ¥696,443,784.73 year-over-year[28] - Comprehensive income for Q3 totaled ¥546,688,487.52, down 14.56% from ¥639,833,237.90 in the same period last year[28] Assets and Liabilities - Total assets increased by 7.91% to CNY 29,266,053,922.85 compared to the end of the previous year[6] - Total current assets increased to CNY 24.15 billion from CNY 22.23 billion, a growth of approximately 8.66%[17] - Cash and cash equivalents rose to CNY 11.90 billion, up from CNY 11.19 billion, reflecting an increase of about 6.39%[17] - Accounts receivable increased to CNY 2.35 billion, compared to CNY 1.88 billion, marking a growth of approximately 24.87%[17] - Inventory grew to CNY 7.19 billion from CNY 6.39 billion, representing an increase of about 12.54%[17] - Total liabilities rose to CNY 20.87 billion from CNY 19.05 billion, an increase of approximately 9.56%[19] - Total equity increased to CNY 8.39 billion from CNY 8.07 billion, reflecting a growth of about 3.88%[19] - Non-current assets totaled CNY 5.12 billion, up from CNY 4.89 billion, indicating an increase of approximately 4.67%[18] - The company reported a significant increase in prepaid expenses, which rose to CNY 14.57 billion from CNY 12.76 billion, a growth of about 14.14%[18] - The company’s long-term investments in equity increased to CNY 2.34 billion from CNY 2.27 billion, reflecting a growth of approximately 3.67%[17] - The company’s retained earnings rose to CNY 2.21 billion from CNY 1.76 billion, marking an increase of about 25.56%[19] Cash Flow - Operating cash flow for the year-to-date increased by 17.51% to CNY 1,767,169,251.03 compared to the same period last year[6] - Operating cash inflow for the period reached CNY 19,886,121,640.52, an increase of 8.2% compared to CNY 18,375,605,464.72 in the previous year[33] - Net cash flow from operating activities was CNY 1,767,169,251.03, up 17.5% from CNY 1,503,864,105.30 year-on-year[34] - Cash flow from investment activities generated a net inflow of CNY 17,039,065.33, a significant improvement from a net outflow of CNY 44,285,959.32 in the previous year[34] - Cash and cash equivalents at the end of the period totaled CNY 11,347,383,387.48, compared to CNY 10,577,280,093.25 at the same time last year, reflecting a year-on-year increase of 7.3%[35] - Total cash outflow from financing activities was CNY 1,159,532,182.86, down from CNY 2,388,046,261.18 in the previous year, indicating a reduction in financing costs[35] - The company received CNY 139,350,000.00 from investment recoveries, a notable increase from CNY 4,142,881.31 in the previous year[34] - The cash flow from operating activities outflow totaled CNY 18,118,952,389.49, an increase of 7.4% compared to CNY 16,871,741,359.42 in the previous year[34] - The company paid CNY 1,136,020,704.70 in taxes, which is a 19.3% increase from CNY 952,755,912.40 in the previous year[33] - Cash flow from investment activities totaled CNY 1,108,831,056.29, up from CNY 727,055,600.58 year-on-year, indicating strong investment recovery[37] - The net increase in cash and cash equivalents for the period was CNY 713,275,792.31, contrasting with a decrease of CNY 711,633,497.91 in the previous year[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 64,039[10] - The largest shareholder, Shanghai Electric Group, holds 47.35% of the shares[10] Management Insights - The company has not reported any significant changes in accounting policies that would impact the financial statements[13] - The company’s management reported a focus on cost control and efficiency improvements to enhance profitability in the upcoming quarters[28]
上海机电(600835) - 2014 Q2 - 季度财报
2014-08-14 16:00
Financial Performance - The company's operating revenue for the first half of 2014 was approximately CNY 10.14 billion, representing an increase of 8.05% compared to the same period last year[22]. - The net profit attributable to shareholders for the first half of 2014 was approximately CNY 461.35 million, a year-on-year increase of 62.35%[22]. - The basic earnings per share for the first half of 2014 was CNY 0.45, reflecting a growth of 60.71% compared to CNY 0.28 in the same period last year[21]. - The weighted average return on equity increased to 7.78% from 5.44% year-on-year, an increase of 2.34 percentage points[21]. - Operating revenue for the current period reached ¥10,136,316,637.43, an increase of 8.05% compared to the same period last year[27]. - Net profit for the first half of 2014 was CNY 861,897,327.42, representing a growth of 32.96% from CNY 648,015,475.62 in the previous year[89]. - The company reported an investment income of CNY 182,282,145.13, which is a substantial increase from CNY 52,985,679.45 in the previous year[89]. Revenue Sources - The service revenue from installation and maintenance exceeded CNY 1.8 billion, accounting for over 21% of total operating revenue[25]. - Main business revenue from mainland China was ¥8,746,230,711.80, representing an increase of 8.94% compared to the previous year[30]. - The elevator business generated revenue of ¥8,302,369,333.39, with a gross margin of 22.40%, an increase of 1.17 percentage points[33]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately CNY 28.74 billion, an increase of 5.96% from the end of the previous year[22]. - The total liabilities increased to CNY 402,103,099.62, up from CNY 136,686,338.34, indicating a significant rise in financial obligations[86]. - The total equity attributable to shareholders reached RMB 5,920,010,876.62, up from RMB 5,754,430,707.28, indicating an increase of approximately 2.89%[82]. Cash Flow - Net cash flow from operating activities was ¥972,053,307.76, up 4.65% year-on-year, attributed to an increase in new orders and corresponding advances received[27]. - Cash flow from operating activities was CNY 12,509,116,337.00, compared to CNY 11,751,699,909.72 in the same period last year, showing an increase of 6.43%[93]. - The net cash flow from investing activities was CNY 30,184,096.47, a significant improvement from a negative cash flow of CNY 11,029,227.92 in the prior year[94]. Investments and Projects - The company has successfully secured major projects, including the Shenzhen Metro Phase III and several high-profile residential and commercial developments[24]. - The acquisition of Gauss International has positioned the company among the world's leading printing machinery manufacturers, with a global sales presence[35]. - The company has developed over 40 new technologies in the past 20 years, significantly enhancing its competitive edge in the elevator industry[33]. Corporate Governance and Compliance - The company plans to revise its articles of association to enhance governance practices regarding independent directors[61]. - The company has appointed PwC Zhongtian as the auditor for the 2014 fiscal year[59]. - There were no penalties or corrective actions against the company or its executives during the reporting period[60]. Shareholder Information - The total number of shareholders at the end of the reporting period was 62,416[66]. - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 47.35% of the shares, totaling 484,220,364 shares[66]. Research and Development - R&D expenses rose by 22.66% to ¥396,058,654.13, driven by increased investment in research and development[27]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[89]. Financial Reporting and Standards - The financial statements comply with the accounting standards set by the Ministry of Finance and reflect the financial position and operating results as of June 30, 2014[122]. - The company’s financial reporting period aligns with the calendar year, from January 1 to December 31[123].
上海机电(600835) - 2014 Q1 - 季度财报
2014-04-28 16:00
Financial Performance - Net profit attributable to shareholders rose by 94.79% to CNY 171,427,591.55 from CNY 88,005,601.91 in the same period last year[9] - Operating revenue grew by 6.42% to CNY 4,133,240,256.20 compared to CNY 3,883,863,244.56 in the previous year[9] - Basic earnings per share increased by 97.67% to CNY 0.17 from CNY 0.086 in the same period last year[9] - The net profit after deducting non-recurring gains and losses was CNY 154,185,483.22, a 99.12% increase from the previous year[9] - Operating profit increased to ¥342,044,349.01, up 35.31% from ¥252,770,439.25 in the previous period[23] - Net profit for the current period was ¥312,463,076.11, representing a 44.83% increase from ¥215,680,942.10 in the previous period[23] - Total comprehensive income for the current period was ¥310,442,849.75, up from ¥215,110,485.15 in the previous period[23] Assets and Liabilities - Total assets increased by 3.68% to CNY 28,118,184,339.65 compared to the end of the previous year[9] - Total liabilities grew to ¥19,732,273,533.35 from ¥19,053,624,874.07, marking an increase of around 3.56%[16] - Current assets rose to ¥23,124,694,121.53, up from ¥22,226,955,740.21, indicating an increase of about 4.04%[14] - Shareholders' equity rose to ¥8,385,910,806.30 from ¥8,066,834,877.20, showing an increase of approximately 3.95%[16] Cash Flow - The net cash flow from operating activities was CNY -47,720,877.79, showing an improvement from CNY -633,039,859.49 in the previous year[9] - Total cash inflow from operating activities was ¥5,842,216,427.80, an increase from ¥5,506,673,425.79 in the previous period[27] - The net cash flow from operating activities was -¥47,720,877.79, an improvement from -¥633,039,859.49 in the previous period[29] - Cash inflow from investment activities totaled 33,792,435.16 RMB, significantly higher than 1,680,000.00 RMB in the prior period[31] - The net cash flow from investment activities was 33,717,115.16 RMB, compared to 1,680,000.00 RMB previously[31] - The net increase in cash and cash equivalents was 18,708,369.05 RMB, a recovery from a decrease of -23,422,546.64 RMB in the last period[32] Shareholder Information - The total number of shareholders reached 58,009 as of the report date[12] - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 47.35% of the shares, totaling 484,220,364 shares[12] Government Subsidies - The company received government subsidies amounting to CNY 21,595,005.54 during the reporting period[10] Inventory and Receivables - Inventory increased significantly to ¥7,157,035,493.36 from ¥6,386,461,718.94, reflecting a growth of approximately 12.06%[14] - The company reported a decrease in accounts receivable from ¥1,880,312,967.71 to ¥1,969,879,043.88, which is an increase of about 4.73%[14]
上海机电(600835) - 2013 Q4 - 年度财报
2014-03-27 16:00
Financial Performance - The company's operating revenue for 2013 was CNY 19,907,077,075.11, representing a 12.20% increase compared to CNY 17,743,250,879.58 in 2012[28]. - The net profit attributable to shareholders for 2013 was CNY 943,833,546.36, a 34.16% increase from CNY 703,489,403.11 in 2012[28]. - The net profit after deducting non-recurring gains and losses was CNY 829,985,088.19, an 8.57% increase from CNY 764,440,856.72 in 2012[28]. - The basic earnings per share (EPS) for 2013 was CNY 0.92, reflecting a 33.33% increase from CNY 0.69 in 2012[29]. - The weighted average return on equity (ROE) increased to 17.49% in 2013, up from 13.39% in 2012, marking an increase of 4.10 percentage points[29]. - The company reported a significant increase in prepayments, which rose to ¥2,072,837,037.91 from ¥1,731,820,230.43, an increase of 19.7%[173]. - The company reported a total comprehensive income of CNY 1,811,456,010.65, up from CNY 1,280,834,944.77 in 2012, marking a growth of 41.3%[182]. - The net profit for the year was CNY 1,837,010,750.30, representing a growth of 39.8% from CNY 1,314,824,682.59 in the prior year[182]. Cash Flow and Assets - The net cash flow from operating activities decreased by 43.63% to CNY 1,758,892,889.23 from CNY 3,120,058,762.91 in 2012[28]. - The company's cash and cash equivalents at the end of the period were ¥11,186,210,000, which is 41.25% of total assets, down from 46.05% in the previous period[58]. - The total cash outflow from investing activities was CNY 459,956,238.76, compared to CNY 1,286,234,934.56 in the previous year, resulting in a net cash flow from investing activities of CNY -38,765,870.94[188]. - Cash inflow from financing activities was CNY 340,478,779.29, significantly lower than CNY 1,617,752,850.48 in the previous year, leading to a net cash flow from financing activities of CNY -2,356,343,028.48[188]. - The total assets at the end of 2013 were CNY 27,120,459,751.27, a 5.35% increase from CNY 25,743,676,630.15 in 2012[28]. - The total liabilities amounted to ¥19,053,624,874.07, up from ¥18,613,276,240.38, indicating a year-over-year increase of 2.37%[175]. Investments and R&D - The company’s research and development expenditure rose by 21.53% to CNY 698.80 million in 2013, compared to CNY 575.00 million in 2012[41]. - The total investment in various companies reached ¥16,323,219.91, with a year-end book value of ¥106,949,232.08, reflecting a 42% increase in equity value[70]. - The company has developed products that account for over 70% of total sales, showcasing strong capabilities in independent innovation[62]. - Gauss International has a robust R&D team with an average of over 20 years of industry experience, holding 700 international patents[65]. Market Strategy and Operations - The company plans to adopt aggressive sales strategies to maintain and expand market share in response to market risks[12]. - The company will implement cost reduction measures to mitigate the impact of potential price declines on gross profit margins[12]. - The elevator business maintained strong growth, with a contract signing quantity that continued to increase, and production exceeding 70,000 units in 2013[39]. - The company aims to enhance its competitive capabilities and explore new development paths to improve economic efficiency[60]. - The company is actively seeking new growth points through external expansion, targeting investment projects that complement its existing businesses[82]. Governance and Compliance - The company has established a comprehensive internal control system covering major investment decisions, information disclosure management, and financial management, ensuring effective implementation and supervision[142]. - The audit committee confirmed that the annual report accurately reflects the company's operating results and financial status[152]. - The company has a robust governance structure, ensuring equal treatment of all shareholders and compliance with relevant laws and regulations[142]. - The company has not identified any major errors in information disclosure during the reporting period[162]. Shareholder Information - The total number of shares is 1,022,739,308, with 100% being tradable shares[110]. - The largest shareholder, Shanghai Electric Group Co., Ltd., holds 484,220,364 shares, representing 47.35% of total shares[114]. - The company has 52,944 total shareholders as of the end of the reporting period[114]. Employee and Management - The total number of employees in the parent company is 30, while the main subsidiaries employ 3,886, resulting in a total of 3,916 employees[134]. - The company has established a dynamic adjustment mechanism for compensation based on job value differences[135]. - The company emphasizes employee training, organizing various training programs to enhance professional skills and overall competency, including 6 major categories of training[138]. - The management team is directly accountable to the board and is evaluated based on the company's strategic goals and operational performance[155].