TJKJ(600846)

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同济科技(600846) - 2015 Q2 - 季度财报
2015-08-07 16:00
Financial Performance - The company's operating revenue for the first half of 2015 was CNY 1,521,379,119, a decrease of 10.73% compared to CNY 1,704,229,376.91 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2015 was CNY 42,698,441.05, down 26.77% from CNY 58,310,274.41 in the previous year[18]. - The basic earnings per share for the first half of 2015 was CNY 0.07, a decrease of 22.22% compared to CNY 0.09 in the same period last year[19]. - The weighted average return on net assets was 2.49%, down 1.26 percentage points from 3.75% in the previous year[19]. - The total revenue for the company was CNY 1,515,759,443.20, representing a year-over-year decrease of 11.03%[36]. - The company's operating costs decreased by 10.32% to ¥1,302,377,507.09 from ¥1,452,327,650.41 year-on-year[28]. - Operating profit for the current period is ¥76,543,352.39, down 26.7% from ¥104,449,473.66 in the previous period[77]. - Net profit for the current period is ¥61,809,214.91, a decline of 33.0% compared to ¥92,390,608.47 in the previous period[77]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 70,462,840.30, a significant recovery from a negative cash flow of CNY -536,334,083.19 in the same period last year[18]. - Cash inflow from operating activities decreased to ¥1,635,078,456.43 from ¥2,151,161,163.03, a decline of 24.0%[83]. - The total cash inflow from operating activities was 11,323,107.43 RMB, compared to 2,350,526.73 RMB in the previous period, highlighting a strong recovery in cash generation[87]. - The company reported a total cash and cash equivalents balance of 1,084,454,530.28 RMB at the end of the period, compared to 938,611,981.38 RMB in the previous period[84]. - The net cash flow from investing activities was -20,713,817.48 RMB, an improvement from -85,639,460.80 RMB in the previous period, reflecting better investment management[84]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,953,747,416.54, an increase of 4.08% from CNY 6,681,326,191.85 at the end of the previous year[18]. - Total liabilities amounted to CNY 4,452,905,319.47, compared to CNY 4,272,902,562.89, showing a growth of around 4.22%[73]. - Current liabilities decreased to CNY 3,756,453,268.30 from CNY 3,978,968,953.05, a reduction of about 5.57%[72]. - The company's cash and cash equivalents increased to CNY 1,113,789,272.63 from CNY 881,313,399.23, marking a growth of approximately 26.36%[72]. Investments and Projects - The company made total investments of CNY 10,272.40 million during the reporting period, an increase of CNY 9,272.40 million compared to the previous year[39]. - Major investments included CNY 7,500.00 million in Shanghai Tongrui Real Estate Development Co., Ltd., and CNY 1,375.00 million in Nantong Tongji Technology Park Co., Ltd.[39]. - The company has ongoing projects with a total investment of CNY 438,006 million, which have not yet generated revenue[47]. Shareholder and Equity Information - The company approved a cash dividend distribution of 1 RMB per 10 shares, totaling 62,476,151.6 RMB, based on a total share capital of 624,761,516 shares as of the end of 2014[48]. - The total equity attributable to the parent company at the end of the reporting period was CNY 2,500,842,097.07, an increase from CNY 2,408,423,628.96 at the end of the previous year, representing a growth of approximately 3.84%[89]. - The total owner's equity at the end of the reporting period was CNY 2,281,266,472.43, reflecting a decrease from CNY 2,269,130,598.81 in the previous year, showing a slight increase of 0.53%[91]. Related Party Transactions - The company engaged in daily related party transactions, which are essential for its production and operational activities[55]. - The total amount of related party transactions for the year is reported to be 23,604.09 million RMB[55]. - The company provided 20,000,000 RMB in funding to a related party, increasing the total balance to 27,200,000 RMB[57]. Compliance and Governance - The company has maintained compliance with corporate governance standards as per relevant laws and regulations[60]. - The company has not experienced any penalties or rectifications involving its directors, supervisors, senior management, or major shareholders during the reporting period[60]. - There are no significant lawsuits, bankruptcy reorganizations, or asset transactions reported[51]. Accounting Policies and Estimates - The company has not made any changes to accounting policies or estimates during the reporting period[61]. - The company’s accounting policies comply with the relevant accounting standards, ensuring the financial statements reflect its financial position accurately[99]. - The accounting period for the company runs from January 1 to December 31 each year[100]. Revenue Recognition - Revenue from the sale of goods is recognized when the significant risks and rewards of ownership have transferred to the buyer, and the revenue can be reliably measured[159]. - For construction contracts, revenue is recognized based on the percentage of completion method when the outcome can be reliably estimated[160]. - The company recognizes interest income and usage fees from the transfer of asset usage rights when related economic benefits can flow into the company and the amount can be reliably measured[160].
同济科技(600846) - 2015 Q1 - 季度财报
2015-04-24 16:00
Financial Performance - Operating revenue for the period was CNY 953,252,085.79, a decline of 15.78% year-on-year [7]. - Net profit attributable to shareholders decreased by 16.43% to CNY 25,451,166.44 compared to the same period last year [7]. - Basic and diluted earnings per share decreased by 20.00% to CNY 0.04 [7]. - Net profit for Q1 2015 was CNY 35,809,136.73, a decline of 23.7% from CNY 46,963,962.42 in Q1 2014 [30]. - The total comprehensive income attributable to the parent company was CNY 42,085,813.50, compared to CNY 30,400,196.81 in Q1 2014, reflecting an increase of 38.5% [31]. - The operating profit for the current period is 12,175,328.83, which is double the amount from the previous period [32]. Cash Flow - The net cash flow from operating activities was negative at CNY -14,815,285.84, showing significant improvement from CNY -861,899,561.84 in the previous year [7]. - Net cash flow from operating activities improved by 847,084,276.00 RMB compared to the previous year, moving from -861,899,561.84 RMB to -14,815,285.84 RMB [19]. - Cash inflow from financing activities totals 773,800,000.00, down from 872,000,000.00 in the previous period [35]. - The net increase in cash and cash equivalents was $71,701,776.27, compared to $9,220,282.94 in the previous year [38]. Assets and Liabilities - Total assets decreased by 1.21% to CNY 6,600,500,249.02 compared to the end of the previous year [7]. - Total liabilities decreased from 4,272,902,562.89 RMB to 4,049,392,539.39 RMB, indicating a reduction in liabilities [24]. - Long-term borrowings decreased by 85,230,000.00 RMB, a reduction of 34.59% compared to the beginning of the year [16]. - Accounts payable decreased by 34.85% to CNY 456,411,481.21 compared to the end of the previous year [14]. - Current assets totaled CNY 1,539,799,711.36, up from CNY 1,404,012,141.03, indicating a growth of 9.65% [27]. Shareholder Information - The number of shareholders at the end of the reporting period was 62,453 [11]. - The largest shareholder, Shanghai Tongji Asset Management Co., Ltd., held 23.38% of the shares [11]. Investment Activities - The company reported an investment income of CNY 11,308,970.63, slightly up from CNY 10,610,861.76 in the previous year [30]. - The company experienced a significant increase in investment income, reaching 12,386,520.08, compared to 10,272,009.04 in the previous period [32]. - Investment activities resulted in a net cash outflow of -7,373,051.17, compared to a net inflow of 12,741,448.46 in the previous period [35]. Other Financial Metrics - The weighted average return on equity decreased by 0.48 percentage points to 1.49% [7]. - Operating expenses increased by 221,343.45 RMB, a rise of 119.40% compared to the same period last year [18]. - Income tax expenses decreased by 6,138,842.14 RMB, a reduction of 38.08% compared to the same period last year [18]. - Other comprehensive income rose by 16,634,647.06 RMB, an increase of 108.73% compared to the beginning of the year [16].
同济科技(600846) - 2014 Q4 - 年度财报
2015-03-27 16:00
Financial Performance - The company's operating revenue for 2014 was CNY 4,122,856,276.61, representing an increase of 11.25% compared to CNY 3,706,097,012.03 in 2013[24] - The net profit attributable to shareholders for 2014 was CNY 182,084,531.60, up 13.39% from CNY 160,589,265.23 in 2013[24] - The basic earnings per share for 2014 were CNY 0.29, an increase of 11.54% compared to CNY 0.26 in 2013[25] - The weighted average return on equity for 2014 was 11.41%, an increase of 0.53 percentage points from 10.88% in 2013[25] - The company achieved operating revenue of 4.12 billion yuan, representing a year-on-year growth of 11.25%[31] - The net profit attributable to the parent company was 180 million yuan, an increase of 13.39% compared to the previous year[31] - Total operating revenue reached CNY 4,110,420,498.42, an increase of 12.89% compared to the same period last year[49] - Total operating costs amounted to CNY 3,437,140,796.02, reflecting a year-on-year increase of 12.92%[41] Cash Flow and Investments - The net cash flow from operating activities for 2014 was negative CNY 109,213,568.77, a decrease of 109.71% compared to a positive CNY 1,125,041,256.48 in 2013[24] - The company's investment activities generated a net cash outflow of 120.63 million yuan, compared to a smaller outflow of 30.44 million yuan in the previous year[37] - The company reported a significant decrease in sales expenses by 43.99%, from 65.11 million yuan to 36.47 million yuan[37] - The company’s cash flow from operating activities shows a net outflow of CNY 109.21 million, a significant decrease from a net inflow of CNY 1.13 billion in the previous period[169] - Cash and cash equivalents at the end of the period amount to CNY 843.74 million, down from CNY 915.69 million at the beginning of the period[170] Assets and Liabilities - The total assets at the end of 2014 were CNY 6,681,326,191.85, an increase of 1.93% from CNY 6,554,840,049.15 at the end of 2013[24] - The net assets attributable to shareholders at the end of 2014 were CNY 1,690,309,064.61, reflecting a growth of 10.20% from CNY 1,533,906,664.61 in 2013[24] - Accounts receivable increased by 601.75% to CNY 3,200,000, accounting for 0.05% of total assets[51] - Short-term borrowings rose by 364.29% to CNY 650,000,000, representing 9.73% of total liabilities[51] - The company's total liabilities amounted to RMB 4,272,902,562.89, showing a slight decrease from RMB 4,285,709,450.34 at the beginning of the year, indicating a reduction of about 0.3%[156] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1 per 10 shares, totaling CNY 62,476,151.6 based on the total share capital of 624,761,516 shares at the end of 2014[3] - The company reported a profit distribution plan for 2014, proposing no stock dividends and a cash dividend of 1.00 RMB per 10 shares, amounting to 62,476,151.60 RMB[79] - In 2013, the company distributed cash dividends of 0.80 RMB per 10 shares, totaling 49,980,921.28 RMB, with remaining profits of 212,365,724.78 RMB carried forward to future distributions[78] Corporate Governance and Compliance - The company has not violated any decision-making procedures for providing guarantees to external parties[5] - The company has not faced any penalties or public reprimands from the China Securities Regulatory Commission or stock exchanges during the year[91] - The company has established a cash dividend policy to ensure transparency and protect the rights of minority shareholders, aligning with regulatory requirements[77] - The company has implemented measures to prevent the controlling shareholder from occupying company funds and assets[131] - The company strictly adheres to laws and regulations to maintain a sound corporate governance structure and protect shareholder interests[130] Strategic Initiatives and Future Plans - The company plans to enhance its core competitiveness in engineering consulting by focusing on policy changes and expanding project management capabilities[72] - The company aims to integrate resources across its business segments to create new profit points amid rising industry concentration[70] - The company is committed to investing in new businesses with growth potential and technological content, ensuring sustainable development[73] - The company will leverage Tongji University's academic strengths to enhance its environmental business and increase revenue and profit contributions from this sector[73] - The company will focus on talent acquisition and development to align with its business growth needs[73] Internal Control and Risk Management - The company has established a robust investor relations management system, improving investor satisfaction and maintaining a positive market image[133] - The company has strengthened its internal control system, ensuring the accuracy and completeness of financial reporting and information disclosure[145] - The company maintained effective internal controls as per the independent audit report, ensuring no significant misstatements in financial disclosures during the reporting period[146] - The company has implemented a comprehensive internal control system, with no significant deficiencies identified during the reporting period[145] Employee and Management Structure - The company has a total of 1,738 employees, with 1,690 in major subsidiaries and 48 in the parent company[125] - The company has established a competitive salary structure based on job value and performance to attract and retain talent[126] - The total compensation for the board members and senior management during the reporting period amounted to 3.818 million yuan before tax[116] - The company has a structured approach to salary determination that links total remuneration to company performance and individual contributions[126] Related Party Transactions - The company has engaged in related party transactions, including labor services and consulting, with amounts such as 777.19 thousand RMB for rent and 843.73 thousand RMB for engineering services, all priced at market rates[84] - The company's total related party transactions amounted to RMB 13,484.30 million, with a total revenue of RMB 167.38 million from these transactions[85]
同济科技(600846) - 2014 Q3 - 季度财报
2014-10-24 16:00
Financial Performance - Net profit attributable to shareholders of the listed company rose by 11.22% to CNY 78,725,689.06 year-to-date[12] - Operating revenue decreased by 3.79% to CNY 2,217,857,793.47 year-to-date[12] - Operating expenses decreased by 62.10% to ¥14,150,851.08 compared to the same period last year, primarily due to reduced sales commissions and consulting fees[18][19] - Financial expenses decreased by 107.67% to -¥2,291,267.61 compared to the same period last year, mainly due to reduced borrowing interest and increased interest income[18][19] - Total operating revenue for Q3 2014 was CNY 513.63 million, an increase of 9.87% compared to CNY 467.29 million in Q3 2013[41] - Operating profit for Q3 2014 was CNY 30.87 million, slightly down by 2.53% from CNY 31.67 million in Q3 2013[41] - Net profit attributable to shareholders for Q3 2014 was CNY 20.42 million, a decrease of 11.25% from CNY 23.02 million in Q3 2013[42] - Total operating costs for Q3 2014 were CNY 492.25 million, up 8.42% from CNY 454.00 million in Q3 2013[41] - Investment income for Q3 2014 was CNY 9.49 million, down 48.36% from CNY 18.37 million in Q3 2013[41] - Comprehensive income for Q3 2014 was CNY 27.17 million, a slight decrease from CNY 28.64 million in Q3 2013[42] - The company reported a total profit of CNY 34.59 million for Q3 2014, nearly unchanged from CNY 34.69 million in Q3 2013[42] - The total operating revenue for the first nine months of 2014 reached CNY 2.22 billion, compared to CNY 2.30 billion in the same period of 2013, indicating a decline of 3.91%[41] Cash Flow - Net cash flow from operating activities decreased by 133.07% to -CNY 325,740,719.66 year-to-date[12] - The company’s total cash flow from operating activities for the first nine months of 2014 was CNY 2.60 billion, down from CNY 3.38 billion in the same period of 2013[48] - The net cash flow from operating activities was -325,740,719.66 RMB, a significant decrease compared to 985,088,822.03 RMB in the previous year[49] - Total cash inflow from operating activities was 2,909,647,020.87 RMB, while cash outflow was 3,235,387,740.53 RMB, resulting in a net cash outflow[49] - Cash flow from investment activities showed a net outflow of -112,086,257.52 RMB, compared to a net inflow of 54,715,714.42 RMB in the previous year[50] - Cash inflow from financing activities totaled 1,332,316,886.65 RMB, while cash outflow was 1,039,950,427.20 RMB, leading to a net cash inflow of 292,366,459.45 RMB[50] - The ending balance of cash and cash equivalents was 770,653,695.63 RMB, down from 1,148,481,746.17 RMB in the previous year[50] - The net increase in cash and cash equivalents for the period was 118,077,921.12 RMB, compared to 39,204,680.89 RMB in the previous year[54] Assets and Liabilities - Total assets increased by 7.73% to CNY 7,061,218,347.83 compared to the end of the previous year[12] - Current assets rose to CNY 6,078,963,331.96, up from CNY 5,560,393,167.58, indicating an increase of about 9.3%[32] - Inventory increased significantly to CNY 4,773,919,953.29 from CNY 4,043,680,355.99, reflecting a growth of approximately 18.1%[32] - Total liabilities rose to CNY 4,851,835,873.51 from CNY 4,285,709,450.34, which is an increase of approximately 13.2%[34] - Owner's equity totaled CNY 2,209,382,474.32, down from CNY 2,269,130,598.81, indicating a decrease of about 2.6%[34] - The non-current assets totaled CNY 982,255,015.87, slightly down from CNY 994,446,881.57, indicating a decrease of about 1.5%[34] - The company's capital reserve increased to CNY 227,219,153.48 from CNY 210,452,147.90, representing a growth of approximately 8.0%[34] - The total liabilities and owner's equity amounted to CNY 7,061,218,347.83, consistent with the total assets, confirming the balance sheet integrity[34] Shareholder Information - The number of shareholders reached 77,253 at the end of the reporting period[12]
同济科技(600846) - 2014 Q2 - 季度财报
2014-08-08 16:00
Financial Performance - The company's operating revenue for the first half of 2014 was approximately CNY 1.70 billion, a decrease of 7.28% compared to the same period last year[17]. - Net profit attributable to shareholders for the first half of 2014 was approximately CNY 58.31 million, an increase of 22.08% year-on-year[17]. - Basic earnings per share for the first half of 2014 was CNY 0.09, reflecting a growth of 12.50% compared to the previous year[16]. - The company reported a net cash flow from operating activities of approximately -CNY 536.33 million, a significant decline of 421.68% compared to the same period last year[17]. - The weighted average return on net assets increased to 3.75%, up by 0.40 percentage points from the previous year[16]. - The company's operating revenue for the current period is ¥1,704,229,376.91, a decrease of 7.28% compared to ¥1,837,951,685.05 in the same period last year[21]. - The total profit for the first half of 2014 was CNY 123,562,824.68, up 37.0% from CNY 90,277,207.61 in the same period last year[67]. - The company reported a net profit margin decline due to increased costs, impacting overall profitability[63]. - The company’s total comprehensive income for the first half of 2014 was CNY 107,980,575.42, an increase of 65.9% from CNY 65,105,141.10 in the previous year[67]. Cash Flow and Investments - The company reported a net cash inflow from financing activities of ¥644,903,029.18, compared to a net outflow of -¥354,007,462.83 in the previous year, reflecting increased borrowing[21]. - Cash flow from operating activities showed a net outflow of CNY -536,334,083.19, a significant decrease from a net inflow of CNY 166,727,123.82 in the same period last year[70]. - Investment activities resulted in a net cash outflow of CNY -85,639,460.80, compared to a net inflow of CNY 35,105,810.82 in the previous year[70]. - The company reported investment income of CNY 18,713,980.45, which is an increase from CNY 13,939,396.33 in the previous year[67]. - The company has ongoing development projects with an estimated total investment of CNY 4,026,306,160.67, indicating a strong commitment to future growth[173]. Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately CNY 7.12 billion, an increase of 8.55% from the end of the previous year[17]. - The total liabilities of the company were CNY 4,834,054,639.53, compared to CNY 4,285,709,450.34 at the beginning of the year, indicating an increase of 12.8%[57]. - The company's cash and cash equivalents decreased to CNY 979,889,371.60 from CNY 1,042,655,373.79, representing a decline of about 6.03%[55]. - The total amount of non-fundraising projects is CNY 604,315,000, with a cumulative actual investment of CNY 399,687,590[36]. - The total amount of other receivables increased from RMB 185,989,101.67 to RMB 113,034,701.77, indicating a shift in asset management strategy[160]. Business Strategy and Development - The company is focusing on developing a comprehensive engineering consulting service system and enhancing its project management capabilities in various sectors, including rail transit and housing supervision[18]. - The company is expanding its technology park business and has initiated the construction of new bases, including the Baoshan International Design Industry Park and Nantong Tongji Technology Park[18]. - The environmental segment is being strengthened, with new projects in wastewater treatment and resource utilization being pursued, leveraging the technical advantages of Tongji University[19]. - The company aims to leverage its strengths in engineering consulting, technology park development, and environmental engineering to enhance its competitive edge in urban construction solutions[28]. - Future outlook includes potential market expansion and new product development strategies to enhance revenue streams[63]. Shareholder and Governance - The total number of shareholders as of the end of the reporting period was 87,384, with the largest shareholder holding 23.38% of the shares[50]. - The company has maintained its governance structure in compliance with relevant laws and regulations, ensuring the protection of shareholder interests[46]. - There were no changes in the shareholding of directors, supervisors, and senior management during the reporting period[53]. - The company distributed a cash dividend of CNY 0.80 per 10 shares, totaling CNY 49,980,921.28 for the 2013 fiscal year[36]. Subsidiaries and Investments - The company established a new subsidiary, Shanghai Tongyue Bay Real Estate Co., Ltd., with a registered capital of CNY 100 million for developing land in Pudong New District[47]. - Shanghai Tongji Real Estate Co., Ltd. contributed a net profit of CNY 25,382,021.65, accounting for 43.53% of the total net profit of the listed company[35]. - Shanghai Tongji Engineering Management Co., Ltd. generated a net profit of CNY 23,652,662.51, contributing 24.34% to the listed company's net profit[35]. - The company has a controlling stake of 69.99% in Shanghai Tongji Environmental Engineering Technology Co., Ltd., with an actual investment of CNY 70,112,770[142]. - Shanghai Tongji has a total of 30 subsidiaries, focusing on various sectors including real estate, environmental engineering, and technology development[144]. Accounting and Financial Reporting - The company adheres to the accounting standards and principles as per the relevant regulations[87]. - The financial statements reflect the company's financial position and operating results accurately[87]. - The company's accounting currency is Renminbi (RMB)[89]. - No changes in accounting policies or estimates were reported for the period[141]. - The company recognizes impairment losses for long-term equity investments when their carrying amount exceeds the recoverable amount, based on fair value or discounted future cash flows[116].
同济科技(600846) - 2014 Q1 - 季度财报
2014-04-25 16:00
Financial Performance - Net profit attributable to shareholders increased by 46.25% to CNY 30,454,441.24 compared to the same period last year[18]. - Basic earnings per share rose by 66.67% to CNY 0.05 compared to the same period last year[12]. - Net profit for the current period is CNY 46,963,962.42, up from CNY 24,591,808.52 in the previous period, indicating an increase of approximately 90.56%[35]. - The net profit attributable to the parent company is CNY 30,454,441.24, compared to CNY 20,823,610.27 in the previous period, marking a growth of around 46.24%[35]. Revenue and Costs - Operating revenue for the first quarter was CNY 1,131,916,936.64, a slight increase of 0.66% year-on-year[12]. - Total operating revenue for the current period is CNY 1,131,916,936.64, a slight increase from CNY 1,124,483,976.19 in the previous period, representing a growth of approximately 0.39%[34]. - Total operating costs decreased to CNY 1,087,063,645.10 from CNY 1,102,089,969.72, reflecting a reduction of about 1.36%[34]. Cash Flow - The net cash flow from operating activities was negative at CNY -861,899,561.84, a decrease of 1,164.98% compared to the same period last year[12]. - Cash flow from operating activities decreased to CNY 1,068,086,185.77 from CNY 1,224,515,173.35, a decline of about 12.76%[39]. - Operating cash inflow totaled CNY 1,307,171,172.35, a decrease from CNY 1,392,689,892.82 in the previous period[40]. - Operating cash outflow amounted to CNY 2,169,070,734.19, compared to CNY 1,311,758,901.37 last year[40]. - Cash flow from investing activities showed a net outflow of CNY -554,805,827.00, contrasting with a net inflow of CNY 9,926,384.21 previously[44]. - Cash flow from financing activities generated a net inflow of CNY 569,769,536.43, up from CNY 109,457,958.90 in the last period[44]. Assets and Liabilities - Total assets increased by 8.63% to CNY 7,120,428,303.45 compared to the end of the previous year[12]. - The total liabilities increased to 4,811,686,445.87 RMB from 4,285,709,450.34 RMB, indicating a rise in financial obligations[28]. - The company's total equity increased to 2,308,741,857.58 RMB from 2,269,130,598.81 RMB, showing a slight growth in shareholder value[28]. - Total assets as of March 31, 2014, amounted to 7,120,428,303.45 RMB, an increase from 6,554,840,049.15 RMB at the beginning of the year[26]. Investment and Shareholder Information - Investment income increased by 84.43% to CNY 10,610,861.76 compared to the same period last year[18]. - The company reported a significant increase in minority shareholder profit by 338.13% to CNY 16,509,521.18 compared to the same period last year[18]. - The number of shareholders increased to 77,718 as of the report date[11]. - The company plans to exit the Tongji Automotive Design Institute with a reduction in capital valued at 50,263,900 RMB, expecting to receive no less than 15,079,200 RMB from the reduction[22]. - Shanghai Tongji Real Estate Co., Ltd. has established Shanghai Tongyue Bay Real Estate Co., Ltd. with a cash investment of 100 million RMB to develop land in Pudong New District[22].
同济科技(600846) - 2013 Q4 - 年度财报
2014-04-01 16:00
Financial Performance - The company achieved a net profit of CNY 75,665,941.91 for the year 2013, with a statutory surplus reserve of CNY 7,566,594.19, leaving a distributable profit of CNY 262,346,646.06[8]. - The company achieved operating revenue of RMB 3.71 billion in 2013, a year-on-year increase of 59.19%[27]. - Net profit attributable to shareholders reached RMB 160.59 million, up 38.90% compared to the previous year[27]. - Basic earnings per share increased to RMB 0.26, reflecting a growth of 36.84% year-on-year[27]. - The weighted average return on equity rose to 10.88%, an increase of 2.32 percentage points from 2012[27]. - The net cash flow from operating activities surged to RMB 1.13 billion, a significant increase of 1,944.48% compared to the previous year[27]. - The company reported a net profit of CNY 160,589,265.23 for 2013, with a dividend payout ratio of 31.12%[73]. - The company’s net profit increased by 30.54% to CNY 600,617,422.48, driven by higher profits during the year[52]. - The company reported a net profit for the year of RMB 82,537,611.04, with a profit distribution of RMB -12,495,230.32 to the shareholders[159]. Revenue and Segments - The environmental business segment reported revenue of RMB 323 million, growing by 59.28% year-on-year[34]. - The real estate segment generated approximately RMB 1.06 billion in revenue, marking a 107.39% increase from the previous year[36]. - The revenue from the residential development segment was CNY 1,064,255,942.00, with a decrease of 2.80% compared to the previous year[49]. - The revenue from the environmental engineering segment was CNY 322,566,385.11, showing a decrease of 6.06% year-on-year[49]. - The total revenue for Shanghai Tongji Science and Technology Industrial Co., Ltd. in 2013 was CNY 3,641,084,423.43, representing a year-on-year increase of 16.41%[49]. Costs and Expenses - The total operating cost for the current period was ¥3,043,739,514.66, reflecting a 61.82% increase from ¥1,880,907,877.52 in the same period last year[41]. - The construction industry segment accounted for 43.75% of total costs, with a current period cost of ¥1,331,490,426.20, up 38.36% from the previous year[40]. - The real estate sector saw a significant cost increase of 115.20%, totaling ¥821,731,464.44, compared to ¥381,851,553.67 in the previous year[40]. - The company's sales expenses increased significantly by 163.58%, amounting to ¥65,107,575.26, primarily due to higher advertising and commission fees[43]. Investments and Acquisitions - The company completed the acquisition of a 10% stake in Shanghai Tongwen Real Estate Co., Ltd. for CNY 35 million, increasing its ownership to 93.33%[76]. - The company also acquired a 10% stake in Shanghai Tongji Environmental Engineering Technology Co., Ltd. for CNY 10.11 million in December 2013[76]. - The company successfully acquired development rights for two residential plots in Shanghai for RMB 1.03 billion, adding approximately 90,000 square meters of saleable area[36]. - The company increased its stake in Tongji Environment from 59.5% to 69.5% to enhance reinvestment capacity[34]. Shareholder and Dividend Information - A cash dividend of CNY 0.80 per 10 shares (including tax) is proposed, totaling CNY 49,980,921.28, with the remaining profit of CNY 212,365,724.78 to be carried forward[8]. - The company has established a stable dividend mechanism to promote sustainable growth and protect shareholder interests[71]. - The company’s cash dividend policy aligns with the regulations set by the China Securities Regulatory Commission and aims to protect the rights of minority shareholders[71]. - The company’s independent directors fulfilled their responsibilities, ensuring compliance and transparency in the dividend distribution process[71]. Corporate Governance and Management - The company has a diverse board with members holding various positions in other organizations, enhancing its governance structure[104]. - The independent directors have significant experience in academia and industry, contributing to the company's strategic direction[103]. - The company is focused on maintaining stability in its management team, with all current directors serving since November 2012[100]. - The management team includes individuals with extensive backgrounds in finance, engineering, and education, which supports the company's operational strategies[101]. - The company has implemented a strict insider information management system, with no reported insider trading incidents during the reporting period[113]. Risk Management and Future Outlook - The company emphasizes the importance of risk factors in its forward-looking statements, advising investors to be cautious[9]. - The company faces macroeconomic and policy risks, which it plans to address by leveraging its industry chain advantages and enhancing management capabilities[69]. - Future outlook remains cautious, with no specific guidance provided for upcoming financial performance[100]. - The company plans to continue focusing on capital management and profit retention strategies to enhance shareholder value in the future[155]. Financial Position and Assets - The company’s total assets decreased by 2.41% to RMB 6.55 billion at the end of 2013 compared to the previous year[27]. - The total assets of Shanghai Tongji Science and Technology Co., Ltd. as of December 31, 2013, amounted to CNY 6,554,840,049.15, a decrease from CNY 6,716,565,117.61 at the beginning of the year[132]. - The company's total liabilities decreased to CNY 4,285,709,450.34 from CNY 4,564,452,662.77, indicating a reduction in financial obligations[134]. - The total equity increased to CNY 2,269,130,598.81 from CNY 2,152,112,454.84, reflecting a growth in shareholder value[134]. Compliance and Audit - The company received a standard unqualified audit report from Zhonghua Certified Public Accountants[7]. - The audit committee confirmed the authenticity and completeness of the annual report and recommended the reappointment of the auditing firm for 2014[118]. - The company’s annual report was published without any significant errors or omissions, and a responsibility system for major errors was established[125].