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万里股份(600847) - 2021 Q3 - 季度财报
2021-10-29 16:00
Financial Performance - The company's operating revenue for Q3 2021 was ¥115,694,568.84, a decrease of 28.85% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥3,749,145.18, representing a decline of 193.29% year-over-year[3]. - The basic earnings per share for the current period was -¥0.02, down 181.53% compared to the previous year[3]. - The net profit attributable to shareholders for the year-to-date was -¥4,781,214.86, a decline of 422.52% compared to the same period last year[3]. - The net profit for the third quarter of 2021 was a loss of CNY 4,781,214.86, compared to a profit of CNY 1,482,443.51 in the same quarter of 2020, indicating a significant decline[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥740,961,209.11, a decrease of 2.37% from the end of the previous year[4]. - The company's total equity was CNY 690,166,856.81, slightly down from CNY 694,948,071.67, a decrease of 0.56%[18]. - The total liabilities decreased to CNY 50,794,352.30 from CNY 64,021,024.71, a decline of 20.61%[18]. - The company's total current assets as of September 30, 2021, amounted to 478,651,770.49 RMB, slightly down from 483,584,454.73 RMB at the end of 2020[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥42,084,066.13, indicating a significant cash outflow[3]. - Cash inflow from operating activities for the first nine months was $344,765,797.78, a decrease from $356,792,999.42 in the same period last year, representing a decline of approximately 3.3%[26]. - Net cash outflow from operating activities was -$42,084,066.13, compared to -$28,790,140.13 in the previous year, indicating a worsening of 46%[26]. - The net increase in cash and cash equivalents was -$49,057,825.53, compared to -$31,146,537.13 in the same period last year, representing a decline of approximately 57%[27]. Expenses - The company reported a decrease in gross margin due to industry chip shortages and intense competition, impacting revenue and profitability[7]. - The company is facing increased sales and management expenses, contributing to the decline in net profit[7]. - Total operating costs increased to CNY 423,455,724.94 from CNY 417,878,808.52, marking a rise of 1.38%[20]. - Research and development expenses decreased to CNY 1,459,105.95 from CNY 1,603,098.33, reflecting a reduction of 8.97%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 8,277[10]. - The largest shareholder, Jiantianxia Asset Management Co., Ltd., holds 11.55% of shares, totaling 17,708,110 shares[10]. - The company is actively managing shareholder relationships, with notable agreements regarding share transfers and voting rights[11]. Asset Management - The company plans to transfer its lead-acid battery business assets and liabilities to a wholly-owned subsidiary, Chongqing Wanli Power Technology Co., Ltd.[12]. - The company has extended the deadline for asset transfer commitments to February 9, 2022, due to delays in the original timeline[13]. - Accounts receivable increased to 108,137,880.01 RMB from 91,969,127.89 RMB year-over-year[16]. - Inventory as of September 30, 2021, was 126,338,966.72 RMB, compared to 120,294,883.66 RMB at the end of 2020[16]. - The company reported a significant increase in other receivables, totaling 157,591,199.45 RMB, compared to 156,407,404.71 RMB in the previous year[16]. - Fixed assets decreased to 236,452,982.26 RMB from 255,819,913.63 RMB year-over-year[16].
万里股份(600847) - 2021 Q2 - 季度财报
2021-08-17 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥303.43 million, representing an increase of 18.62% compared to ¥255.80 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was approximately -¥1.03 million, an improvement from -¥2.54 million in the same period last year[21]. - The basic earnings per share for the first half of 2021 was -¥0.01, compared to -¥0.0165 in the same period last year[20]. - The weighted average return on net assets for the first half of 2021 was -0.15%, an improvement from -0.3678% in the same period last year[20]. - The net cash flow from operating activities for the first half of 2021 was approximately -¥43.08 million, compared to -¥23.16 million in the same period last year[21]. - The total operating revenue for the first half of 2021 was RMB 303,433,725.13, an increase of 18.6% compared to RMB 255,798,106.29 in the first half of 2020[94]. - The net profit for the first half of 2021 was a loss of RMB 1,032,069.68, an improvement from a loss of RMB 2,536,378.82 in the first half of 2020[95]. - The operating profit for the first half of 2021 was a loss of RMB 1,010,375.88, compared to a loss of RMB 2,958,156.21 in the first half of 2020, indicating a reduction in losses[95]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥760.57 million, a slight increase of 0.21% from ¥758.97 million at the end of the previous year[21]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥693.92 million, a decrease of 0.15% from ¥694.95 million at the end of the previous year[21]. - The company's total current assets as of June 30, 2021, amount to 493,777,687.92 RMB, an increase from 483,584,454.73 RMB at the end of 2020[87]. - The company's total liabilities reached CNY 66,657,926.01, up from CNY 64,021,024.71, indicating a growth of about 4.1%[89]. - The total equity attributable to shareholders was CNY 693,916,001.99, a decrease from CNY 694,948,071.67, representing a decline of approximately 0.15%[89]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥43,084,474.26, worsening from a net outflow of ¥23,162,581.79 in the previous year[28]. - The company's cash inflow from operating activities for the first half of 2021 was CNY 228,971,583.81, compared to CNY 203,258,508.95 in the same period of 2020, representing an increase of approximately 12.5%[99]. - The net cash flow from operating activities was negative CNY 43,084,474.26, worsening from a negative CNY 23,162,581.79 in the first half of 2020[99]. - The total cash outflow from operating activities increased to CNY 272,056,058.07, up from CNY 226,421,090.74 in the previous year, indicating a rise of about 20.2%[99]. Expenses - Sales expenses rose by ¥5,250,000, a 44.57% increase, primarily due to sales expansion efforts[28]. - Management expenses increased by ¥1,951,467.53, a 23.86% rise, mainly due to higher employee compensation and service fees[28]. - Research and development expenses for the first half of 2021 were RMB 964,978.13, down from RMB 1,219,510.66 in the first half of 2020, showing a decrease of 20.9%[94]. Environmental Management - The company’s wastewater treatment process ensures that 80% of treated wastewater is reused in production, with the remaining discharged in compliance with environmental standards[47]. - The company has established stable raw material supply channels and long-term partnerships with key suppliers, ensuring production continuity[25]. - The company’s wastewater treatment facilities are equipped with monitoring systems to ensure compliance with national discharge standards[45]. - The company has committed to regular environmental quality announcements on its official website, providing transparency on heavy metal emissions and management[62]. Shareholder Information - The company has not proposed any profit distribution or capital reserve transfer plans for the reporting period[42]. - The company has committed to transferring existing business-related assets to the controlling shareholder, with a minimum transfer price of 680 million yuan[67]. - As of the end of the reporting period, the total number of ordinary shareholders is 8,105[78]. - The top ten shareholders hold a total of 57,000,000 shares, representing approximately 37.5% of the total shares[79]. Regulatory Compliance - The company has not faced any administrative penalties related to environmental issues during the reporting period[63]. - The company has not reported any significant litigation or arbitration matters during the reporting period[69]. - The company has not disclosed any tax incentives applicable to its operations[180]. Accounting Policies - The financial statements are prepared based on the principle of continuous operation, adhering to the requirements of enterprise accounting standards[121]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[44]. - The company recognizes financial assets or liabilities when it becomes a party to the financial instrument contract, measuring them at fair value initially[129]. Credit and Bad Debt Provisions - The company reported a bad debt provision of CNY 2,053.60 for commercial acceptance bills, with a provision rate of 5%[189]. - The provision for accounts receivable over 5 years is 100%, amounting to 18,987,340.68 RMB[197]. - The combined bad debt provision increased from 28,142,899.33 RMB to 30,153,846.22 RMB, indicating an increase of 2,011,482.89 RMB[199].
万里股份(600847) - 2021 Q1 - 季度财报
2021-04-29 16:00
Financial Performance - Operating revenue for the period reached CNY 152,348,701.63, representing a 55.37% increase year-on-year[6] - Net profit attributable to shareholders was CNY 1,253,455.87, a significant recovery from a loss of CNY 3,012,376.44 in the same period last year[6] - Basic and diluted earnings per share were both CNY 0.01, recovering from a loss of CNY -0.0197 in the same period last year[6] - Total operating revenue for Q1 2021 was CNY 152,348,701.63, an increase of 55.3% compared to CNY 98,053,690.02 in Q1 2020[28] - Net profit for Q1 2021 was CNY 1,253,455.87, recovering from a net loss of CNY 3,012,376.44 in Q1 2020[29] - The total comprehensive income for Q1 2021 was ¥2,123,483.30, a recovery from a loss of ¥1,585,863.70 in the same period last year[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 760,498,944.18, a 0.20% increase compared to the end of the previous year[6] - The total assets as of March 31, 2021, amounted to CNY 760,498,944.18, slightly up from CNY 758,969,096.38 at the end of 2020[21] - The company's total liabilities increased to CNY 59,974,258.56 from CNY 59,514,888.47, indicating a slight rise in financial obligations[21] - Total liabilities increased to CNY 66,848,397.67 in Q1 2021 from CNY 43,986,488.71 in Q1 2020, marking a rise of 52.0%[26] - The total equity attributable to shareholders was CNY 703,212,648.29 as of March 31, 2021, compared to CNY 701,089,164.99 at the end of 2020, showing a slight increase[26] Cash Flow - The net cash flow from operating activities was negative at CNY -48,088,009.05, compared to CNY -29,705,636.01 in the previous year, indicating a decline in cash generation[6] - The company's cash flow from operating activities showed a negative net amount of CNY -48,088,009.05, worsening by CNY -18,382,373.04 compared to CNY -29,705,636.01 in the previous year[13] - The net cash flow from operating activities was negative at -¥48,088,009.05, worsening from -¥29,705,636.01 in Q1 2020, highlighting cash flow challenges[35] - The total cash outflow from operating activities was ¥172,691,937.31, resulting in a net cash flow from operating activities of -¥45,746,662.72, worsening from -¥20,283,132.82 in the previous year[37] - The net cash flow from investing activities was -¥767,224.21, which is a decline from -¥131,430.00 in the same period last year[38] Shareholder Information - The total number of shareholders at the end of the reporting period was 8,106[10] - The largest shareholder, Jiatiantian Asset Management Co., Ltd., held 11.55% of the shares, totaling 17,708,110 shares[10] Expenses - The company reported a significant increase in sales expenses, which rose by 117.44% to CNY 9,044,346.01 from CNY 4,159,373.18, primarily due to increased freight costs[13] - Total operating costs for Q1 2021 were CNY 149,963,360.43, up from CNY 101,236,259.64 in Q1 2020, representing a 48.0% increase[29] - The company incurred research and development expenses of CNY 465,273.00 in Q1 2021, a decrease from CNY 512,954.02 in Q1 2020[29] - The cash paid for taxes increased to ¥16,410,869.92 from ¥14,560,350.35, indicating a rise in tax obligations[37] Receivables and Inventory - Accounts receivable increased by 27.15% to CNY 116,943,063.58 from CNY 91,969,127.89, primarily due to an increase in credit sales[13] - The company reported a significant increase in accounts receivable, which reached CNY 147,871,432.06, compared to CNY 93,303,129.14 in the previous year, a growth of 58.5%[24] - Inventory levels rose to CNY 117,235,406.30 in Q1 2021, up from CNY 104,101,135.72 in Q1 2020, an increase of 12.0%[25] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 201,784.95 during the reporting period[8] - The company reported a total of CNY 235,170.10 in non-recurring gains and losses[8] Future Considerations - The company has a receivable loss compensation amounting to CNY 155,567,888.90 from its major shareholder, which is to be compensated in case of any losses during the performance commitment period[15] - The company plans to strengthen communication with major shareholders to ensure compliance with the share transfer agreement and related obligations[15] - The company has not yet implemented the new leasing standards, which may impact future financial reporting[38]
万里股份(600847) - 2020 Q4 - 年度财报
2021-04-15 16:00
Financial Performance - The company's operating revenue for 2020 was CNY 587,107,835.93, representing a 6.44% increase compared to CNY 551,611,554.73 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 4,022,784.92, a decrease of 54.84% from CNY 8,907,082.83 in 2019[21]. - The basic earnings per share for 2020 was CNY 0.03, down 50% from CNY 0.06 in 2019[22]. - The weighted average return on equity decreased to 0.58% in 2020, down 0.72 percentage points from 1.3% in 2019[22]. - The net cash flow from operating activities for 2020 was CNY 20,881,911.74, a decrease of 16.87% from CNY 25,119,383.40 in 2019[21]. - The company experienced a net loss of CNY 2,098,720.72 after deducting non-recurring gains and losses in 2020[21]. - The total assets at the end of 2020 were CNY 758,969,096.38, reflecting a 0.65% increase from CNY 754,055,383.23 in 2019[21]. - The company reported a significant reduction in financial expenses by 97.08%, down to RMB 16,175.10 from RMB 554,200.87 in the previous year[43]. - The company reported a total comprehensive income of CNY 7,621,500 for the current period, reflecting a significant increase compared to the previous year[192]. Operational Highlights - The company completed 47 new product development and optimization projects, along with 3 process optimization projects during the reporting period[34]. - The company produced 2,853,115 units of batteries, with a sales volume of 2,831,499 units, resulting in a production increase of 17.31% year-on-year[39]. - The gross profit margin improved by 0.57 percentage points due to cost reduction measures and efficiency improvements[33]. - The company maintained a stable supply chain for raw materials, ensuring production efficiency[30]. - The company emphasized cost reduction and efficiency enhancement across all operational aspects to mitigate profit pressure[34]. Market and Industry Context - In 2020, global automotive sales were approximately 76.5 million units, with nearly 80% of countries experiencing a decline in sales due to the COVID-19 pandemic[51]. - China's automotive production and sales reached 25.225 million and 25.311 million units in 2020, representing a year-on-year decline of 2.0% and 1.9%, respectively, but the decline was less severe than the previous year[51]. - The lead-acid battery industry is in a mature stage, with increased market concentration due to weaker companies exiting the market, although competition remains primarily price-driven[52]. Financial Position and Equity - The total equity amounted to CNY 701,089,164.99 in 2020, compared to CNY 696,971,970.71 in 2019, showing an increase of 0.3%[161]. - The total owner's equity increased to CNY 694,948,071.67 in 2020 from CNY 690,925,286.75 in 2019, an increase of 0.4%[158]. - The company reported an accumulated deficit of CNY -262,268,542.25 in 2020, slightly improved from CNY -266,291,327.17 in 2019[158]. - The total equity at the end of the reporting period was CNY 696,971, with a decrease in retained earnings due to losses[192]. Cash Flow and Investment Activities - Cash and cash equivalents increased significantly to CNY 57,191,857.27 in 2020 from CNY 23,728,895.38 in 2019, marking a growth of 141.7%[160]. - The total cash inflow from investment activities improved to CNY 2,882,474.23 from a negative CNY 4,273,377.52 in 2019, marking a significant turnaround[174]. - The company reported a net increase in cash and cash equivalents of CNY 21,764,385.97 for the year, compared to CNY 22,846,005.88 in the previous year[172]. Environmental and Social Responsibility - The company has implemented a wastewater treatment process that ensures 80% of treated wastewater is reused in production, meeting the first-level discharge standards[85]. - The company actively engages in social responsibility, focusing on environmental, social, and economic development obligations[82]. - The company has established a real-time monitoring system for wastewater discharge, ensuring compliance with pollution discharge standards[83]. - The company has established a hazardous waste storage area that meets the requirements of the hazardous waste storage pollution control standards[88]. Governance and Management - The company has a diverse management team with members holding positions in other organizations, enhancing its strategic capabilities[121]. - The overall governance structure includes independent directors and a mix of experienced professionals in various fields[119]. - The company ensures compliance with information disclosure regulations, providing equal access to information for all shareholders[131]. - The company has not faced any penalties from securities regulatory agencies in the past three years[124]. Related Party Transactions - The company transferred 580,000 shares of Chongqing Teri Battery Materials Co., Ltd. to a related party for a consideration of RMB 128.09 million, with a remaining payment of RMB 6,654,275.64 owed by the related party[73]. - The company received the full amount of the share transfer payment from the related party, including penalties, by June 23, 2020[74]. - As of December 31, 2020, the actual amount of related party transactions was RMB 14,896,544.90, which did not exceed the disclosed estimated amount for the year[72].
万里股份(600847) - 2020 Q3 - 季度财报
2020-10-30 16:00
Financial Performance - Net profit attributable to shareholders rose by 156.96% to CNY 1,482,443.51 for the first nine months of the year[6] - Operating revenue for the first nine months increased by 5.28% to CNY 418,396,107.64 compared to the same period last year[6] - Basic earnings per share increased by 155.26% to CNY 0.0097[6] - The weighted average return on equity increased by 0.1297 percentage points to 0.2143%[6] - The company reported a net cash flow from operating activities of -RMB 28,790,140.13, a significant decline from -RMB 3,209,393.30 in the previous period, mainly due to increases in accounts receivable and inventory[12] - The company’s net loss for the period was slightly reduced to -RMB 264,808,883.66 from -RMB 266,291,327.17, indicating a marginal improvement in financial performance[17] - Net profit for Q3 2020 reached ¥4,018,822.33, compared to ¥7,286,282.38 in Q3 2019, indicating a decrease of 44.5%[23] - The total comprehensive income for Q3 2020 was ¥5,502,348.26, compared to ¥8,425,620.14 in the same period last year, indicating a decline of 34.3%[26] Assets and Liabilities - Total assets increased by 1.02% to CNY 761,727,922.86 compared to the end of the previous year[6] - The total assets as of September 30, 2020, were RMB 761,727,922.86, compared to RMB 754,055,383.23 at the end of 2019[16] - The company's total liabilities increased to RMB 69,320,192.60 from RMB 63,130,096.48, reflecting changes in accounts payable and contract liabilities[17] - Total liabilities for Q3 2020 were ¥54,317,757.62, compared to ¥43,742,923.25 in Q3 2019, representing a year-over-year increase of 24.5%[20] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -28,790,140.13, compared to CNY -3,209,393.30 in the previous year[6] - Cash and cash equivalents decreased significantly to RMB 17,885,917.30 from RMB 49,032,454.43, primarily due to increased receivables and inventory[15] - Total cash inflow from operating activities in Q3 2020 was ¥340,819,105.46, up from ¥304,874,623.35 in Q3 2019, reflecting a growth of 11.8%[35] - The cash and cash equivalents at the end of Q3 2020 were ¥4,965,389.82, down from ¥7,418,412.31 at the end of Q3 2019, indicating a decrease of 33.1%[35] - The company reported a net decrease in cash and cash equivalents of -¥31,146,537.13 for the first three quarters of 2020, compared to -¥4,149,621.25 in the same period of 2019[31] Shareholder Information - The total number of shareholders reached 8,410 by the end of the reporting period[9] - The largest shareholder, Jiatiantian Asset Management Co., Ltd., holds 11.55% of the shares[9] Research and Development - Research and development expenses increased by 13.22% to RMB 1,603,098.33 from RMB 1,415,968.60, indicating a commitment to enhancing product development[12] - Research and development expenses for Q3 2020 were ¥383,587.67, a decrease from ¥494,847.36 in Q3 2019, reflecting a decline of 22.5%[22] Revenue and Costs - Operating costs rose to RMB 362,269,261.45, up 4.52% from RMB 346,617,489.81, primarily due to increased sales[12] - The company's operating revenue for Q3 2020 was ¥155,064,394.81, an increase of 6.7% compared to ¥146,098,225.27 in Q3 2019[25] - Total operating costs for Q3 2020 were ¥159,927,220.94, up from ¥143,468,004.11 in Q3 2019, reflecting a year-over-year increase of 11.5%[22] - The company's operating costs for Q3 2020 were ¥135,325,838.24, an increase of 7.2% from ¥126,202,736.83 in Q3 2019[25] Inventory and Receivables - Accounts receivable increased by 36.98% to RMB 123,937,129.12 from RMB 90,476,826.65, attributed to higher credit sales[12] - Inventory increased by 18.71% to RMB 123,896,929.97 from RMB 104,365,784.75, mainly due to a rise in work-in-progress[12] - The company's inventory increased to ¥111,690,313.54 in Q3 2020 from ¥98,129,752.04 in Q3 2019, representing a growth of 13.5%[20] Other Financial Metrics - The company reported a gross profit margin of approximately 1.1% for Q3 2020, down from 3.3% in Q3 2019[22] - The total profit for Q3 2020 was ¥5,502,348.26, compared to ¥8,425,620.14 in Q3 2019, showing a decrease of 34.3%[26] - The company reported a credit impairment loss of ¥1,357,260.15 in Q3 2020, compared to a gain of ¥751,846.04 in Q3 2019[26]
万里股份(600847) - 2020 Q2 - 季度财报
2020-08-24 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥255,798,106.29, representing a 2.89% increase compared to ¥248,621,011.58 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥2,536,378.82, an improvement from -¥6,709,360.56 in the previous year[21]. - The net cash flow from operating activities was -¥23,162,581.79, worsening from -¥15,951,780.69 in the same period last year[21]. - The total assets at the end of the reporting period were ¥762,649,018.09, a 1.14% increase from ¥754,055,383.23 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 0.37% to ¥688,388,907.93 from ¥690,925,286.75 at the end of the previous year[21]. - The basic earnings per share for the first half of 2020 was -¥0.0165, an improvement from -¥0.0438 in the same period last year[22]. - The weighted average return on net assets increased by 0.62 percentage points to -0.3678% from -0.9886% in the previous year[22]. - The company's revenue for the first half of 2020 was approximately ¥255.8 million, representing a growth of 2.89% compared to the same period last year[33]. - The sales volume increased by 16.7% year-on-year, while the loss decreased by ¥4.173 million during the same period[30]. - The company reported a net loss of CNY 259,858,021.39 for the first half of 2020, slightly worsening from a loss of CNY 259,754,755.30 in the same period of 2019[90]. - The company's total revenue for the first half of 2020 was CNY 250,176,848.48, an increase from CNY 243,576,703.25 in the same period of 2019, representing a growth of approximately 2.65%[95]. - The net profit for the first half of 2020 was a loss of CNY 2,536,378.82, compared to a loss of CNY 6,709,360.56 in the first half of 2019, indicating an improvement of approximately 62.3%[94]. Cash Flow and Liquidity - The net cash flow from operating activities showed a significant outflow, increasing to approximately -¥23.16 million, attributed to market expansion efforts[34]. - The company's cash and cash equivalents increased by 157.88% to approximately ¥24.64 million compared to the previous year[36]. - The cash flow from operating activities for the first half of 2020 was a net outflow of CNY 23,162,581.79, compared to a net outflow of CNY 15,951,780.69 in the same period of 2019[97]. - The cash and cash equivalents at the end of the period were 11,794,519.53 RMB, a decrease from 21,923,418.95 RMB at the beginning of the period[101]. - The total cash and cash equivalents decreased by 10,128,899.42 RMB during the first half of 2020, compared to a decrease of 8,730,377.94 RMB in the same period of 2019[101]. - The company reported cash and cash equivalents of ¥24,640,990.20, down from ¥49,032,454.43[85]. Research and Development - The company's R&D expenses increased by 32.39% to approximately ¥1.22 million, reflecting a commitment to product development[33]. - The company's research and development expenses increased to CNY 1,219,510.66 from CNY 921,121.24, reflecting a growth of about 32.5%[92]. - New products such as start-stop batteries and parking air conditioning batteries have achieved mass production, enhancing product competitiveness[30]. Environmental Compliance - The company has a wastewater treatment process that includes oil separation, pH adjustment, flocculation, sedimentation, and filtration, ensuring that 80% of treated wastewater is reused in production[54]. - The company operates 14 sets of exhaust gas treatment facilities to manage emissions from various production processes, employing techniques such as bag filters and activated carbon adsorption[55]. - The company’s wastewater discharge meets the standards set by the "Battery Industry Pollutant Discharge Standards" (GB 30484-2013) and the "Comprehensive Wastewater Discharge Standards" (GB8978-1996)[53]. - The company has established a hazardous waste storage area that meets the requirements of GB 18597-2001, ensuring proper management and disposal of hazardous materials[58]. - The company has conducted environmental risk assessments and developed emergency response plans to mitigate potential environmental risks associated with its operations[69]. - The company has successfully passed environmental impact assessments and has received approval for the construction project, ensuring compliance with national environmental standards[68]. Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 6,423[79]. - The largest shareholder, Jiatiantian Asset Management Co., Ltd., held 17,708,110 shares, accounting for 11.5% of total shares[79]. - The second largest shareholder, Shenzhen Southern Tongzheng Investment Co., Ltd., held 10,072,158 shares, representing 6.57% of total shares[79]. Accounting Policies and Financial Reporting - The company has adjusted its accounting policies in accordance with new revenue recognition standards effective January 1, 2020, resulting in a decrease of 14,648,184.71 yuan in contract liabilities[72]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[118]. - The company adheres to the accounting standards for enterprises, ensuring that its financial statements accurately reflect its financial position and operating results[120]. - The company has established specific accounting policies and estimates for bad debt provisions, depreciation of fixed assets, and revenue recognition[119]. Risks and Challenges - The company is closely tied to the automotive industry, and any significant downturn due to recurring domestic pandemic issues could adversely affect its operations[40]. - The company faces risks from environmental policy changes, which could impact its lead-acid business due to stricter regulations on pollution emissions[40]. - Lead and lead alloy prices constitute approximately 70% of the production costs for lead-acid batteries, making the company vulnerable to fluctuations in lead prices[40]. - The company has established a pricing mechanism linked to lead prices to mitigate the impact of price volatility on its operating performance[40]. Other Financial Information - The total liabilities increased to CNY 74,703,817.75 from CNY 43,742,923.25, marking a significant rise of approximately 70.8%[90]. - The company's total equity decreased slightly to CNY 696,868,704.62 from CNY 696,971,970.71, indicating a marginal decline[90]. - The total owner's equity at the end of the reporting period is CNY 803,929,213.92, reflecting a decrease from CNY 803,439,326.01 in the previous year[112].
万里股份(600847) - 2020 Q1 - 季度财报
2020-04-29 16:00
Financial Performance - Operating revenue fell by 20.09% to CNY 98,053,690.02 year-on-year[6] - Net profit attributable to shareholders was CNY -3,012,376.44, a significant decline from CNY -1,495,228.30 in the same period last year[6] - The weighted average return on net assets was -0.44%, down from -0.22% year-on-year[6] - Basic and diluted earnings per share were both CNY -0.0197, compared to CNY -0.0098 in the previous year[6] - Total operating revenue for Q1 2020 was ¥98,053,690.02, a decrease of 20.2% compared to ¥122,712,536.58 in Q1 2019[25] - Net loss for Q1 2020 was ¥3,012,376.44, compared to a net loss of ¥1,495,228.30 in Q1 2019, indicating a worsening of 101.5%[25] - The total comprehensive loss for the period was ¥3,012,376.44, compared to a loss of ¥1,495,228.30 in the previous year[26] Cash Flow - The net cash flow from operating activities was CNY -29,705,636.01, compared to CNY -17,808,681.60 in the previous year[6] - Cash flow from operating activities showed a net outflow of ¥29,705,636.01, compared to a net outflow of ¥17,808,681.60 in Q1 2019[29] - The cash outflow from operating activities totaled CNY 84,363,315.61, down from CNY 107,802,934.44 in the same period last year, resulting in a net cash flow from operating activities of -CNY 20,283,132.82[31] - The company reported a significant decline in cash received from sales of goods and services, totaling CNY 63,717,381.81, down 34% from CNY 96,982,779.41 in the previous year[31] - Payments to employees decreased to CNY 7,053,522.29 from CNY 9,654,753.04, reflecting a reduction of approximately 27%[31] Assets and Liabilities - Total assets decreased by 2.26% to CNY 737,025,104.59 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 60.85% to ¥19,197,720.08 from ¥49,032,454.43 due to an increase in acceptance bills and materials in transit[12] - Total liabilities increased to ¥48,337,838.23 in Q1 2020 from ¥43,742,923.25 in Q1 2019, marking an increase of 10.5%[23] - Current liabilities decreased to ¥44,362,361.99 from ¥58,225,147.60, indicating improved liquidity management[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,782[10] - The largest shareholder, Jiatiansha Asset Management Co., Ltd., held 11.55% of the shares[10] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 164,867.50, which are included in non-operating income[9] - The total non-recurring gains and losses amounted to CNY 170,193.18 for the reporting period[9] Operational Efficiency - Operating costs decreased by 17.64% to ¥88,813,022.33 from ¥107,839,827.98, reflecting the decline in operating revenue[12] - Management expenses decreased by 32.74% to ¥3,227,700.65 from ¥4,798,691.66, primarily due to the impact of the pandemic[12] - The total operating costs were ¥94,948,495.59, down from ¥113,032,153.39 in Q1 2019, showing improved cost management[27] Receivables and Payables - Accounts receivable financing increased by 64.69% to ¥45,244,419.59 from ¥27,472,310.85, primarily due to an increase in bank acceptance[12] - The company has a receivable loss compensation amount of ¥155,567,888.90 from Shenzhen Nanfang Tongzheng Company, related to a share transfer agreement[13] - The company is owed a share transfer payment of ¥6,654,275.64 from Chongqing Tongzheng Industrial Co., Ltd., secured by a pledge of shares[14] Research and Development - Research and development expenses increased to ¥512,954.02, up from ¥418,365.02 in the previous year, indicating a focus on innovation[28]
万里股份(600847) - 2019 Q4 - 年度财报
2020-04-29 16:00
Financial Performance - The company's operating revenue for 2019 was CNY 551,611,554.73, a decrease of 5.04% compared to CNY 580,909,530.71 in 2018[20] - The net profit attributable to shareholders for 2019 was CNY 8,907,082.83, a significant recovery from a loss of CNY 156,400,046.71 in 2018[20] - The net cash flow from operating activities was CNY 25,119,383.40, showing a slight increase of 1.30% from CNY 24,796,306.76 in 2018[20] - The total assets at the end of 2019 were CNY 754,055,383.23, a decrease of 0.67% from CNY 759,103,907.53 at the end of 2018[20] - The company's net assets attributable to shareholders increased by 1.31% to CNY 690,925,286.75 at the end of 2019, compared to CNY 682,018,203.92 at the end of 2018[20] - Basic earnings per share for 2019 were CNY 0.06, a recovery from a loss of CNY 1.02 per share in 2018[21] - The weighted average return on equity improved to 1.3% in 2019, an increase of 24.22 percentage points from -22.92% in 2018[21] - The company reported a negative retained earnings of CNY -266,291,327.17 as of December 31, 2019, leading to a recommendation not to distribute profits for the year[5] - The company reported a total of CNY 803,929,213.92 in capital reserves, indicating a strong capital structure[186] - The company’s total comprehensive income for the year was CNY 7,621,539.72, demonstrating profitability[192] Revenue and Market Performance - The company experienced a quarterly revenue increase in Q4 2019, reaching CNY 154,210,756.68, compared to CNY 122,712,536.58 in Q1 2019[23] - The revenue from the domestic market was ¥540,825,032.89, a decrease of 4.84%, while international revenue increased by 47.12% to ¥1,727,894.69[39] - The company achieved a production volume of 2.432 million units and a sales volume of 2.486 million units, representing year-on-year increases of 4.08% and 5.48% respectively[40] - The company plans to sell 3.08 million batteries in 2020, aiming for a revenue of ¥631 million[58] - The automotive market in China faced a decline, with production and sales down by 7.5% and 8.2% respectively in 2019[53] Cost Management and Efficiency - The company achieved a cost reduction of 2.34% of total costs through various initiatives, enhancing gross margin[33] - The gross profit margin improved due to enhanced product quality and reduced production costs, with financial expenses decreasing significantly by 92.52% to ¥554,200.87[36] - The company’s financial strategy included a significant reduction in financial costs, which positively impacted overall profitability[36] - The company’s production efficiency and product quality improved through the introduction of imported equipment and enhanced assembly lines[30] Research and Development - Research and development expenses increased by 26.01% to ¥2,205,562.14, accounting for 0.4% of total operating revenue[46] - The company developed 7 new mainstream start-stop battery products, including 4 AGM batteries and 3 EFB batteries, with some models already in mass production[32] - The company will focus on developing new products, including AGM batteries and liquid-rich batteries, to improve competitiveness[59] Environmental and Social Responsibility - The company has obtained a hazardous waste operation license, supporting its battery recycling system[56] - The company emphasizes its commitment to social responsibility and stakeholder protection[88] - The company has established partnerships for the recycling and safe disposal of hazardous waste, ensuring compliance with environmental regulations[108] - The company has implemented a rainwater and wastewater separation system, with a total wastewater discharge of approximately 80% being reused in the production process[91] Shareholder and Governance - The total number of ordinary shareholders increased from 6,782 to 7,693 during the reporting period, reflecting a growing investor interest[111] - The top shareholder, Jiatiansha Asset Management, holds 11.55% of the shares, with a total of 17,708,110 shares[113] - The company has not reported any strategic investors or general legal entities becoming top ten shareholders during the reporting period[115] - The company maintained effective internal control over financial reporting as of December 31, 2019, according to the audit report by Tianjian Accounting Firm[140] Legal and Compliance Issues - The company is currently involved in a significant lawsuit regarding trademark infringement and unfair competition, with a first-instance judgment requiring the company to pay RMB 300,000 in damages[75] - The company has not reported any significant changes in its financial status or operations since the last announcement[81] - The company has not disclosed any significant contracts or guarantees in the report[84] Employee and Management - The total number of employees in the parent company is 428, with a combined total of 481 employees across the parent company and major subsidiaries[129] - The company has implemented a performance-based salary system for senior management, with remuneration based on individual performance evaluations[127] - The company’s management team includes individuals with extensive experience in various sectors, enhancing its operational capabilities[126] Financial Position and Assets - As of December 31, 2019, the company's other receivables amounted to ¥163,714,242.70, with a provision for bad debts of ¥464,363.96, resulting in a net value of ¥163,249,878.74[146] - The accounts receivable balance was ¥118,356,575.29, with a bad debt provision of ¥27,879,748.64, leading to a net value of ¥90,476,826.65 as of December 31, 2019[149] - The company's inventory balance was ¥108,530,047.56, with a provision for inventory impairment of ¥4,164,262.81, resulting in a net value of ¥104,365,784.75[151]
万里股份(600847) - 2019 Q3 - 季度财报
2019-10-30 16:00
Financial Performance - Operating revenue for the period was CNY 397,400,798.05, down 2.44% year-on-year[6] - Net profit attributable to shareholders was CNY 576,921.82, a significant improvement from a loss of CNY 3,797,660.28 in the same period last year[6] - Basic earnings per share were CNY 0.0038, compared to a loss of CNY 0.0248 per share in the same period last year[6] - Total operating revenue for Q3 2019 was ¥146,098,225.27, a decrease of 12.4% compared to ¥166,928,306.02 in Q3 2018[26] - Net profit for Q3 2019 was ¥8,425,620.14, compared to a net loss of ¥2,058,261.02 in Q3 2018[27] - Total comprehensive income attributable to the parent company for Q3 2019 was ¥7,286,282.38, compared to a loss of ¥6,309,692.22 in Q3 2018[25] Cash Flow - The net cash flow from operating activities was negative CNY 3,209,393.30, a decline of 263.71% compared to the previous year[6] - Operating cash flow turned negative at -¥3,209,393.30 compared to a positive ¥1,960,360.26 in the previous period, mainly due to delayed customer payments[12] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 323,296,655.04, a decrease of 15.7% compared to CNY 383,501,717.49 in the same period of 2018[30] - Net cash flow from operating activities for Q3 2019 was -CNY 3,209,393.30, compared to a positive CNY 1,960,360.26 in Q3 2018[31] - The company experienced a net cash decrease of CNY 4,149,621.25 in Q3 2019, compared to a decrease of CNY 5,999,885.91 in Q3 2018, indicating a slight improvement[32] Assets and Liabilities - Total assets at the end of the reporting period were CNY 730,757,099.12, a decrease of 3.73% compared to the end of the previous year[6] - Total assets decreased to ¥730,757,099.12 from ¥759,103,907.53, reflecting a decline in both current and non-current assets[16] - The total liabilities decreased to ¥50,252,331.67 from ¥65,973,579.60 year-over-year, a reduction of approximately 23.8%[20] - Cash and cash equivalents decreased by 16.18% to ¥21,946,505.60 from ¥26,183,914.85 due to payment of goods[11] - Accounts payable decreased significantly by 47.03% to ¥11,815,785.64 from ¥22,309,364.26 due to payment of goods[11] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,575[10] - The largest shareholder, Jiatiantian Asset Management Co., Ltd., held 11.55% of the shares[10] Government Support and Other Income - The company received government subsidies amounting to CNY 2,059,500.02 during the reporting period[8] - The total non-recurring gains and losses amounted to CNY 1,974,500.02 for the year-to-date[9] Research and Development - The company reported R&D expenses of ¥494,847.36 for Q3 2019, slightly up from ¥491,209.70 in Q3 2018[22] - Research and development expenses for Q3 2019 were ¥494,847.36, slightly up from ¥491,209.70 in Q3 2018[26]
万里股份(600847) - 2019 Q2 - 季度财报
2019-08-15 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was ¥248,621,011.58, a decrease of 5.11% compared to ¥262,017,873.23 in the same period last year[19] - The net profit attributable to shareholders was a loss of ¥6,709,360.56, a decline of 367.09% from a profit of ¥2,512,031.94 in the previous year[19] - The net cash flow from operating activities was negative at ¥15,951,780.69, compared to a positive cash flow of ¥18,831,341.47 in the same period last year, representing a decrease of 184.71%[19] - Basic earnings per share were reported at -¥0.0438, a decrease of 367.07% compared to ¥0.0164 in the same period last year[20] - The net profit for the period was a loss of RMB 6.71 million, attributed to a decline in gross margin[30] - The total comprehensive income for the first half of 2019 was a loss of CNY 6.71 million, compared to a comprehensive income of CNY 2.51 million in the first half of 2018[97] - The company reported a net loss of CNY -281,907,770.56, compared to a loss of CNY -275,198,410.00 in the previous period[90] Assets and Liabilities - The total assets at the end of the reporting period were ¥718,778,983.84, down 5.31% from ¥759,103,907.53 at the end of the previous year[19] - The total equity attributable to shareholders was CNY 675,308,843.36, slightly down from CNY 682,018,203.92, a decrease of about 1.0%[90] - Cash and cash equivalents decreased by 63.51% to RMB 9.56 million, primarily due to undiscounted bank acceptances[28] - Accounts payable decreased by 39.09% to RMB 13.59 million, mainly due to a reduction in payables[28] - Inventory decreased by 19.66% to ¥95,576,684.71, making up 13.30% of total assets[38] - Accounts receivable increased by 31.63% to ¥125,210,033.55, representing 17.42% of total assets[38] - The company's total liabilities decreased to CNY 43,470,140.48 from CNY 77,085,703.61, reflecting a decline of approximately 43.8%[90] Operational Challenges - The decline in revenue and gross margin was attributed to the macroeconomic environment, particularly a decrease in automobile production and sales in China during the first half of 2019[20] - Sales expenses increased compared to the previous year, contributing to the overall loss[20] - The company faces risks related to environmental policy changes, which could impact production if compliance costs increase[39] - The company is exposed to raw material price volatility, particularly lead, which constitutes approximately 70% of production costs[39] - The company's performance is closely tied to the automotive industry; a downturn in this sector could adversely affect operations[40] Environmental Management - The company generates approximately 17.75 m³/d of wastewater from the purified water preparation device, primarily containing H2SO4 and SS pollutants[50] - The wastewater treatment station reuses over 80% of the treated production wastewater, with the remaining discharged into the municipal sewage system[52] - The company has a wastewater treatment station with a 1500 m³ accident pool and a 1171 m³ adjustment pool to handle emergency discharges and initial rainwater[53] - The company’s air emissions comply with the "Battery Industry Pollutant Discharge Standards" (GB 30484-2013)[60] - The company has established an environmental risk assessment report and emergency response plan to mitigate potential environmental risks[72] - The company’s environmental protection measures have been effective, with no instances of exceeding pollutant discharge standards reported[67] Shareholder Information - The total number of common shareholders at the end of the reporting period was 6,836[80] - The largest shareholder, Jiatiantian Asset Management Co., Ltd., held 16,367,812 shares, representing 10.68% of total shares[81] - The second largest shareholder, Shenzhen Southern Tongzheng Investment Co., Ltd., held 10,072,158 shares, representing 6.57% of total shares[81] Research and Development - Research and development expenses increased by 4.95% to RMB 921,121.24, remaining consistent with the previous year[33] - The company aims to enhance its market position through increased R&D investment and improved financial management strategies moving forward[96] Accounting Policies - The financial statements comply with the requirements of the enterprise accounting standards, accurately reflecting the company's financial position and operating results[128] - The company assesses expected credit losses for accounts receivable based on historical loss rates and future recovery risks, with a provision rate of 5% for receivables within one year[143] - The company recognizes revenue from product sales when the ownership risks and rewards are transferred to the buyer, and the revenue amount can be reliably measured[176] Legal Matters - The company is involved in a significant lawsuit regarding trademark infringement and unfair competition, with a first-instance judgment requiring the company to bear joint liability for compensation up to RMB 300,000[44] - The company has an outstanding receivable of RMB 155,567,888.90 related to a loss compensation agreement from the previous fiscal year, which remains uncollected as of the reporting period[48]