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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].