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海欣股份(600851) - 2017 Q1 - 季度财报
2017-04-28 16:00
Financial Performance - Operating revenue for the current period was CNY 185,101,988.16, down 7.50% from CNY 200,115,522.75 in the same period last year[6] - Net profit attributable to shareholders of the listed company increased by 15.71% to CNY 10,593,138.11 from CNY 9,154,818.86 year-on-year[6] - Basic earnings per share rose by 7.69% to CNY 0.0084 from CNY 0.0078 in the previous year[6] - Net profit for Q1 2017 was CNY 3,708,007.82, a decline of 13.6% compared to CNY 4,291,071.02 in the same period last year[24] - Basic earnings per share for Q1 2017 were CNY 0.0084, compared to CNY 0.0078 in the same period last year[25] - The net profit for Q1 2017 was ¥25,621,293.02, an increase from ¥20,258,446.77 in the same period last year, representing a growth of approximately 26.5%[27] - The total comprehensive income for Q1 2017 was -¥55,888,318.21, compared to -¥382,821,253.23 in the previous year, showing a significant reduction in losses[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 5,312,340,866.89, a decrease of 2.13% compared to the end of the previous year[6] - Total assets decreased from ¥5,427,974,742.45 to ¥5,312,340,866.89, reflecting a decline in both current and non-current assets[16][18] - Total liabilities decreased from ¥1,088,971,827.56 to ¥1,051,126,685.50, indicating a reduction in financial obligations[18] - The total assets as of Q1 2017 amounted to CNY 5,517,081,482.18, a decrease from CNY 5,605,449,217.31 in the previous year[22] - Total liabilities for Q1 2017 were CNY 580,258,236.27, down from CNY 612,737,653.19 in the previous year[22] - The company's equity totaled CNY 4,936,823,245.91, a slight decrease from CNY 4,992,711,564.12 in the previous year[22] Cash Flow - The company reported a net cash flow from operating activities of CNY -46,511,103.70, compared to CNY -39,906,984.29 in the same period last year[6] - Operating cash inflow for Q1 2017 was ¥273,849,208.53, up from ¥253,589,877.31 in Q1 2016, indicating a growth of about 7.5%[30] - The net cash flow from operating activities was -¥46,511,103.70, worsening from -¥39,906,984.29 year-over-year[30] - The company received ¥26,100,000.00 in cash from borrowings during Q1 2017, down from ¥54,900,000.00 in the same quarter last year, reflecting a decline of approximately 52.5%[31] - The cash outflow from investing activities was ¥25,013,254.60, compared to ¥104,941,875.51 in Q1 2016, indicating a decrease of about 76.2%[30] - The cash flow from financing activities showed a net inflow of ¥7,974,698.86, down from ¥23,110,537.51 in the previous year, a decline of approximately 65.5%[31] Shareholder Information - The number of shareholders at the end of the reporting period was 80,283, with 43,841 holding A shares and 36,442 holding B shares[8] - The top shareholder, Shanghai Songjiang Dongjing Industrial Company, held 82,082,000 shares, representing 6.80% of total shares, with 70,000,000 shares pledged[8] Other Financial Metrics - The weighted average return on net assets increased by 0.0313 percentage points to 0.2477%[6] - Non-operating income and expenses totaled CNY -409,622.54, with significant contributions from government subsidies and asset disposals[7] - Non-operating income surged by 610.82% to ¥1,507,666.21, mainly due to increased government subsidies[11] - Cash received from tax refunds increased by 118.09% to ¥2,171,327.66, primarily due to an increase in tax refunds received[11] - Cash received from investment income decreased by 89.70% to ¥4,338,008.05, mainly due to dividends from Changxin Jinli[11] - Tax and additional charges increased by 127.27% to ¥3,775,209.34, primarily due to changes in property and land use tax items[11] Future Outlook - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[24] - The company has not disclosed any new product developments or market expansion strategies in this report[10]
海欣股份(600851) - 2016 Q3 - 季度财报
2016-10-27 16:00
Financial Performance - Net profit attributable to shareholders increased by 25.04% to CNY 159,585,074.54 year-on-year[6] - Basic earnings per share increased by 25.07% to CNY 0.1322[6] - The company reported a 270.24% increase in received investment income to ¥82,369,459.69, driven by higher dividends from Changxin Fund and the sale of Changjiang Securities[14] - The net profit for the same period was CNY 173,058,592, representing a significant increase of 38.1% from CNY 125,358,410 in the previous year[30] - The total profit for Q3 2016 was ¥51,459,876.35, up from ¥37,036,764.68 in Q3 2015, marking a growth of 38.5%[26] - The company's operating profit for the third quarter was CNY 44,455,972, up 67.0% from CNY 26,602,631 in the same quarter last year[30] Revenue and Costs - Operating revenue decreased by 6.44% to CNY 733,341,669.89 compared to the same period last year[5] - Total operating revenue for Q3 2016 was ¥288,399,353.69, a decrease of 16.4% compared to ¥344,828,674.95 in Q3 2015[25] - Total operating costs for Q3 2016 were ¥294,377,114.85, down 12% from ¥334,174,109.45 in Q3 2015[26] - The company's operating revenue for the period from January to September was CNY 6,818,147,520, a decrease of 60.7% compared to CNY 17,380,210,310 in the same period last year[30] Assets and Liabilities - Total assets decreased by 6.45% to CNY 5,654,489,861.06 compared to the end of the previous year[5] - Total liabilities decreased from CNY 1,241,193,359.56 to CNY 1,131,699,248.06, showing a decline of around 8.9%[19] - Owner's equity decreased from CNY 4,803,149,103.54 to CNY 4,522,790,613.00, representing a decrease of about 5.8%[20] - Non-current assets totaled CNY 4,558,499,184.68, down from CNY 5,002,181,106.45, indicating a decrease of about 8.9%[18] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 66,424,883.40, an improvement from a net outflow of CNY 151,364,720.94 in the previous year[5] - The cash flow from investing activities generated a net inflow of CNY 146,140,010, compared to a net inflow of CNY 252,922,080 in the previous year[35] - The cash flow from financing activities resulted in a net outflow of CNY 65,258,281, an improvement from a net outflow of CNY 265,510,616 in the previous year[35] - The company's cash and cash equivalents at the end of the period totaled CNY 443,973,005, an increase from CNY 401,586,208 at the end of the previous year[35] Shareholder Information - The total number of shareholders reached 80,651, with 43,587 A-share holders and 37,064 B-share holders[10] - The company received a dividend of CNY 87,899,000 from Changjiang Securities, an increase of CNY 50,249,000 year-on-year[6] - The company sold 2.8 million shares of Changjiang Securities, generating an investment income of CNY 25,500,000, an increase of CNY 11,078,000 year-on-year[6] Investment Income - Investment income surged by 111.00% to ¥56,543,196.28, mainly from the sale of Changjiang Securities and increased returns from Suzhong Pharmaceutical[14] - Investment income for Q3 2016 was ¥56,543,196.28, an increase of 111.5% compared to ¥26,797,396.69 in Q3 2015[26] Other Financial Metrics - The weighted average return on net assets increased by 0.8491 percentage points to 3.6021%[6] - Financial expenses increased by 429.88% to ¥2,918,858.88, primarily due to reduced interest income and increased exchange losses[13] - The company experienced a 69.93% decrease in tax refunds received, totaling ¥1,900,700.31 compared to ¥6,320,167.08 in the previous year[14] - The company's total equity was ¥5,022,968,342.52, down from ¥5,299,173,430.48 year-over-year[25]
海欣股份(600851) - 2016 Q2 - 季度财报
2016-08-22 16:00
Financial Performance - The company's operating revenue for the first half of 2016 was approximately ¥444.94 million, representing a 1.36% increase compared to ¥438.96 million in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2016 was approximately ¥120.34 million, a 22.72% increase from ¥98.05 million in the previous year[16]. - The basic earnings per share for the first half of 2016 was ¥0.0997, up 22.78% from ¥0.0812 in the same period last year[15]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which was approximately ¥119.23 million, up 79.68% from ¥66.36 million in the previous year[16]. - Financial investment generated a profit of 126.41 million RMB, an increase of 46.5% year-on-year[29]. - The textile segment reported a loss of 17.94 million RMB, worsening by 4.36 million RMB compared to the previous year[22]. - The pharmaceutical segment's net profit was 7.85 million RMB, an increase of 0.84 million RMB year-on-year[22]. - The company achieved operating revenue of 445 million RMB, a year-on-year increase of 1.36%[22]. - The company reported a total of 82,082,000 shares held by the largest shareholder, accounting for 6.80% of total shares[59]. - The company reported a comprehensive income total of -CNY 44,925,481.17, compared to -CNY 400,413,736.20 in the previous year, indicating a significant reduction in losses[73]. Cash Flow and Assets - The net cash flow from operating activities for the first half of 2016 was negative at approximately -¥47.67 million, an improvement from -¥189.90 million in the previous year[16]. - The total assets at the end of the reporting period were approximately ¥5.97 billion, a decrease of 1.16% from ¥6.04 billion at the end of the previous year[16]. - The total current assets increased to RMB 1,119,419,429.70 from RMB 1,042,161,356.65, reflecting a growth of approximately 7.41%[65]. - Cash and cash equivalents rose to RMB 521,782,237.21 from RMB 438,947,914.31, an increase of about 18.83%[65]. - The total non-current assets decreased to RMB 4,882,000,000 from RMB 4,999,000,000, indicating a decline of about 2.35%[65]. - The company’s total assets at the end of the reporting period are CNY 5,540,123,228.93[87]. - The total liabilities were CNY 1,292,421,149.92, compared to CNY 1,241,193,359.56 at the start of the year, representing an increase of 4.1%[67]. - The company’s total equity decreased to CNY 4,681,950,766.73 from CNY 4,803,149,103.54, reflecting a decline of 2.5%[67]. Investments and Subsidiaries - The company holds a 5.30% stake in Changjiang Securities Co., with an initial investment cost of ¥356,290,711.23 and a year-end book value of ¥3,119,158,800.00, resulting in a report period loss of ¥154,451,100.00[37]. - The company has a 34.33% stake in Changxin Fund Management Co., with an initial investment of ¥51,495,000.00 and a year-end book value of ¥232,555,288.42, generating a report period profit of ¥31,107,415.41[39]. - The company has a total of 12 subsidiaries in the textile industry, with varying levels of profitability and asset values[40][41]. - The company is actively involved in the textile and pharmaceutical industries, with significant investments in both sectors[40][41]. Corporate Governance and Compliance - The company did not disclose any plans for profit distribution or capital increase during the reporting period[2]. - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[3]. - There were no significant lawsuits, arbitrations, or media controversies during the reporting period[47]. - The company strictly adhered to corporate governance regulations without significant discrepancies[52]. - There were no changes in accounting policies or estimates during the reporting period[53]. - The company has not reported any new product developments or strategic acquisitions during this period[60]. Financial Management and Expenses - Total operating costs for the first half of 2016 were CNY 477,129,644.24, up from CNY 470,292,767.33, reflecting a year-on-year increase of 1.8%[72]. - The company’s total operating expenses were CNY 18,768,222.66, an increase of 13.1% compared to CNY 16,583,160.27 in the previous year[75]. - The financial expenses showed a reduction, with a net income of -CNY 6,453,390.40 compared to -CNY 8,147,219.80 in the previous year, indicating improved financial management[75]. - The company paid 17,131,065.38 RMB in cash to employees, which is an increase of about 32% compared to 12,988,041.53 RMB in the previous period[81]. Taxation and Regulatory Compliance - The company applies a 17% VAT rate on taxable sales, with a 5% business tax and a 25% corporate income tax rate[199]. - Jiangxi Gannan Haixin Pharmaceutical Co., Ltd. benefits from a reduced corporate income tax rate of 15% due to its compliance with specific tax regulations[200].
海欣股份(600851) - 2016 Q1 - 季度财报
2016-04-27 16:00
Financial Performance - Operating revenue increased by 9.51% to CNY 200,115,522.75 year-on-year[6] - Net profit attributable to shareholders of the listed company surged by 749.55% to CNY 9,154,818.86 compared to the same period last year[6] - Basic earnings per share decreased by 34.45% to CNY 0.0078[6] - Total operating revenue for Q1 2016 was CNY 200,115,522.75, an increase of 9.5% compared to CNY 182,741,762.58 in the same period last year[23] - Net profit for Q1 2016 was CNY 4,291,071.02, a decrease of 49.3% from CNY 8,444,802.95 in the previous year[24] - The total profit for Q1 2016 was CNY 20,258,446.77, a decrease from CNY 31,519,418.17 in the previous year, representing a decline of approximately 35.9%[28] - The net profit for Q1 2016 was CNY 20,258,446.77, compared to CNY 31,522,915.22 in the same period last year, indicating a decrease of about 35.7%[28] - Other comprehensive income after tax for Q1 2016 was CNY -402,420,905.87, compared to CNY -145,715,918.94 in the previous year[24] - The total comprehensive income for Q1 2016 was CNY -382,821,253.23, significantly lower than CNY -156,987,990.78 in the previous year, reflecting a worsening of approximately 143.5%[28] Assets and Liabilities - Total assets decreased by 8.39% to CNY 5,537,519,695.56 compared to the end of the previous year[6] - Total assets decreased from ¥6,044,342,463.10 to ¥5,537,519,695.56, reflecting a decline in non-current assets[18] - Current liabilities increased to ¥446,772,418.29 from ¥438,018,155.25, with short-term borrowings at ¥165,737,700.00[17] - Non-current liabilities decreased from ¥803,175,204.31 to ¥685,728,008.58, primarily due to a reduction in deferred tax liabilities[18] - Total equity decreased from ¥4,803,149,103.54 to ¥4,405,019,268.69, reflecting a decline in other comprehensive income[18] - Total liabilities decreased to CNY 606,520,673.51 from CNY 746,465,205.29, a reduction of 18.8%[22] - The company's equity decreased to CNY 4,916,352,177.25 from CNY 5,299,173,430.48, indicating a decline of 7.2%[22] Cash Flow - The company reported a net cash flow from operating activities of CNY -39,906,984.29, an improvement from CNY -55,663,871.32 in the previous year[6] - Cash inflows from operating activities totaled CNY 253,589,877.31, an increase from CNY 243,792,976.90 year-over-year, representing a growth of approximately 4.8%[31] - The net cash flow from operating activities was CNY -39,906,984.29, an improvement from CNY -55,663,871.32 in the previous year, indicating a reduction in losses of about 28.4%[31] - Cash inflows from investing activities amounted to CNY 134,625,325.53, down from CNY 310,525,930.28 in the previous year, a decline of approximately 56.7%[31] - The net cash flow from investing activities was CNY 29,683,450.02, compared to CNY 115,433,980.57 in the same period last year, a decrease of about 74.3%[31] - The net cash flow from financing activities was CNY 23,110,537.51, a significant improvement from CNY -73,465,129.91 in the previous year[32] - The ending cash and cash equivalents balance was CNY 441,829,101.41, down from CNY 563,965,709.12 year-over-year, a decrease of approximately 21.6%[32] Shareholder Information - The number of shareholders reached 87,727, with 49,245 holding A shares and 38,482 holding B shares[10] - The largest shareholder, Shanghai Songjiang Dongjing Industrial Co., Ltd., holds 82,082,000 shares, accounting for 6.80% of total shares[10] - The total number of shares held by the top ten shareholders is 288,000,000, representing a significant concentration of ownership[10] Investment and Expenses - Prepaid accounts increased by 70.64% to ¥19,899,800.84, primarily due to prepayments for machinery and engineering projects[13] - Long-term borrowings rose by 344.90% to ¥21,800,000.00, mainly due to increased borrowings for the Gannan Haixin New District project[14] - Financial expenses increased by 136.61% to ¥2,433,883.01, primarily due to a decrease in investment income[14] - Investment income decreased by 31.56% to ¥23,874,660.10, as there were no sales of shares in Jiangsu Securities this period[14] - Cash received from investment recoveries dropped by 68.23% to ¥92,457,375.94, mainly due to a reduction in short-term investments[14] - Cash paid for investment decreased by 51.63% to ¥91,932,271.43, mainly due to reduced short-term investment expenditures[14]
海欣股份(600851) - 2015 Q4 - 年度财报
2016-04-25 16:00
Financial Performance - In 2015, the company achieved a net profit attributable to shareholders of RMB 157,430,118.58, a decrease of 45.89% compared to RMB 290,932,918.64 in 2014[2]. - The company's operating revenue for 2015 was RMB 1,051,820,178.86, down 5.26% from RMB 1,110,193,673.88 in 2014[18]. - The net cash flow from operating activities was negative RMB 117,880,560.27, a significant decline from positive RMB 31,335,340.67 in 2014[18]. - The total assets at the end of 2015 were RMB 6,044,342,463.10, a decrease of 16.81% from RMB 7,265,711,536.56 in 2014[18]. - The company's net assets attributable to shareholders decreased by 14.13% to RMB 4,574,393,741.57 from RMB 5,327,380,205.93 in 2014[18]. - Basic earnings per share for 2015 were RMB 0.1304, down 45.89% from RMB 0.241 in 2014[19]. - The weighted average return on equity was 3.17%, a decrease of 3.82 percentage points from 6.99% in 2014[20]. - The company reported a total revenue of 1.052 billion RMB in 2015, a decline of 5.26% year-on-year, with operating costs at 800 million RMB, down 9.18%[41]. - The company achieved a net profit of 157.43 million RMB in 2015, exceeding the budget target by 50.6%, but down 45.9% from 2014's net profit of 290.93 million RMB, primarily due to a decrease in the sale of Changjiang Securities[33]. - The company reported a net loss of 3.69 million RMB from its subsidiary in the textile manufacturing sector[62]. Cash Flow and Investments - The net cash flow from operating activities showed a significant recovery, moving from -CNY 55.66 million in the first quarter to CNY 33.48 million in the fourth quarter[21]. - The company reported a significant increase in cash flow from the disposal of fixed assets, with net cash received amounting to 86.55 million yuan, a 1845.54% increase compared to the previous period[53]. - The net cash flow from investment activities decreased by 57.44% to ¥209.06 million from ¥491.20 million in the previous year[44]. - The total cash inflow from investment activities was significantly impacted by a drop in investment income received, which fell from 525,461,421.73 RMB to 95,751,236.17 RMB[159]. - The company received 240,334,654.36 RMB in borrowings, a decrease from 566,027,495.15 RMB in the previous year[159]. Dividends and Shareholder Returns - The company proposed a cash dividend of RMB 0.7 per 10 shares, totaling RMB 84,493,968.44[2]. - The company distributed cash dividends of approximately 120 million RMB in July 2015, marking the first dividend payout since 2007[34]. - In 2015, the company distributed cash dividends of 0.70 RMB per 10 shares, representing a payout ratio of 53.67% of net profit attributable to shareholders[76]. - The total amount of profit distribution to owners decreased by RMB 120,705,669.20, indicating a reduction in shareholder returns during the reporting period[170]. Business Segments and Operations - The company has a diversified business model, including textile production, pharmaceutical manufacturing, financial investments, and industrial property leasing[29]. - The textile segment generated revenue of 525 million RMB with a net loss of 28.56 million RMB, while the pharmaceutical segment reported revenue of 586 million RMB and a net profit of 14.68 million RMB, down 42.3%[41]. - The pharmaceutical sector is stable, with the company’s controlled pharmaceutical enterprises having established certain product brands and sales channels[29]. - The company is focusing on the integration and transformation of its textile segment and advancing clinical research for its biotechnology projects[72]. Risks and Future Outlook - The company has outlined potential risks in its future development strategy, advising investors to be cautious[3]. - The company faces risks in the pharmaceutical sector, including policy risks, product quality risks, and R&D risks, which could impact its market position[71]. - The company plans to focus on market expansion and new product development to improve future performance[152]. - The company aims to optimize its textile segment to achieve profitability and expand its pharmaceutical, industrial real estate, and financial investment sectors[70]. Corporate Governance and Management - The company emphasizes compliance and internal control to improve operational efficiency and safeguard shareholder interests[72]. - The company has established a mechanism linking senior management compensation to company performance and individual achievements[126]. - The company strictly adheres to corporate governance regulations, ensuring independent operation of the board and supervisory committee[125]. - The company has a diverse leadership team with experience in various sectors, including government and engineering, which may enhance strategic decision-making[109]. Shareholder Structure - The total number of ordinary shareholders at the end of the reporting period was 94,992, an increase from 87,727 at the end of the previous month, representing an increase of approximately 8.9%[91]. - The largest shareholder, Shanghai Songjiang Dongjing Industrial Company, held 82,082,000 shares, accounting for 6.80% of the total shares, with a decrease of 8,531,819 shares during the reporting period[93]. - The company does not have a controlling shareholder, as the largest shareholder's stake is below 50%[98]. Financial Position and Assets - The total assets at the end of the reporting period is RMB 5,299,173,430.48, down from RMB 6,094,024,921.69 at the beginning of the year, reflecting a decrease of approximately 13.06%[167]. - The total liabilities decreased from ¥1,725,588,307.63 to ¥1,241,193,359.56, representing a reduction of about 28.0%[145]. - The company’s total liabilities and shareholders' equity as of December 31, 2015, were not disclosed in the provided documents[138]. - The company’s ability to continue as a going concern is assessed as good, with no significant doubts regarding its operational viability in the next 12 months[175].
海欣股份(600851) - 2015 Q3 - 季度财报
2015-10-27 16:00
Financial Performance - Operating revenue for the first nine months was CNY 783,784,921.02, a decrease of 1.77% year-on-year[6] - Net profit attributable to shareholders increased by 3.88% to CNY 127,630,369.42 compared to the same period last year[6] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 96,469,502.26, a significant increase of 1,976.15% year-on-year[6] - Total operating revenue for the period (July-September) was approximately ¥344.83 million, a slight increase from ¥342.27 million in the same period last year[29] - Total operating costs decreased to approximately ¥334.17 million from ¥399.21 million year-over-year, representing a reduction of about 16.3%[29] - Operating profit for the period was approximately ¥36.70 million, down from ¥170.70 million in the previous year, indicating a decline of about 78.5%[29] - Net profit attributable to the parent company was approximately ¥29.58 million, compared to ¥102.50 million in the same period last year, reflecting a decrease of about 71.1%[30] - The company reported a total profit of approximately ¥37.04 million, down from ¥145.92 million year-over-year, a decline of about 74.7%[30] - Basic earnings per share for the period were ¥0.0245, down from ¥0.0849 in the same period last year, a decrease of approximately 71.2%[31] - The company recorded an investment income of approximately ¥26.80 million, a significant decrease from ¥225.32 million year-over-year, representing a decline of about 88.1%[29] - Comprehensive income for the period was approximately -¥844.12 million, compared to ¥430.46 million in the previous year, indicating a substantial decline[31] Assets and Liabilities - Total assets decreased by 27.74% to CNY 5,250,250,915.37 compared to the end of the previous year[6] - Net assets attributable to shareholders decreased by 25.95% to CNY 3,944,745,948.43 compared to the end of the previous year[6] - The company’s total current assets decreased to ¥1,091,378,735.73 from ¥1,280,936,475.58[19] - The company’s total non-current assets decreased to ¥3,074,000,000.00 from ¥4,310,848,663.75, primarily due to changes in the market value of available-for-sale financial assets[19] - Total liabilities decreased from CNY 1,255,955,315.55 to CNY 548,276,987.29, a reduction of about 56.3%[25] - Current liabilities decreased from CNY 665,178,616.71 to CNY 475,334,517.04, a decrease of approximately 28.6%[21] - Non-current liabilities decreased from CNY 1,060,409,690.92 to CNY 596,571,919.17, reflecting a decline of about 43.7%[21] - Owner's equity decreased from CNY 6,094,024,921.69 to CNY 4,665,834,256.71, a drop of approximately 23.4%[25] Cash Flow - The company reported a net cash flow from operating activities of -CNY 151,364,720.94 for the first nine months, compared to -CNY 65,880,257.06 in the same period last year[6] - Cash and cash equivalents decreased by 30.46% to ¥401,586,207.86 from ¥577,487,479.75, primarily due to repayment of bank loans, dividends, and corporate income tax payments[12] - Cash flow from operating activities for the first nine months of 2015 was CNY -151,364,720.94, a decline from CNY -65,880,257.06 in the same period last year[36] - Cash inflow from investment activities for the first nine months of 2015 was CNY 506,438,124.08, compared to CNY 412,499,206.83 in the previous year[36] - Cash flow from financing activities resulted in a net outflow of CNY -265,510,616.61 for the first nine months of 2015[37] - The ending cash and cash equivalents balance as of September 2015 was CNY 401,586,207.86, down from CNY 497,183,216.47 at the end of the previous year[37] - Cash inflow from investment activities totaled $376.20 million, slightly down from $377.12 million in the same period last year[40] - Cash outflow for financing activities was $250.75 million, compared to $343.88 million in the previous year, indicating a reduction of approximately 27%[40] Shareholder Information - The total number of shareholders reached 103,904, with 64,222 holding A shares and 39,682 holding B shares[10] - The largest shareholder, Shanghai Songjiang Dongjing Industrial Company, holds 6.80% of the shares and has pledged 70,000,000 shares[10] - The first major shareholder, Shanghai Songjiang Dongjing Industrial Company, committed to not reducing its shareholding in the company within 2015 and plans to increase its stake by at least ¥17 million[14] Tax and Expenses - The company reported a significant decrease in tax expenses, down 94.65% to ¥2,007,318.29 from ¥37,525,332.92, primarily due to last year's sale of Changjiang Securities[13] - Management expenses increased to approximately ¥47.50 million from ¥42.62 million year-over-year, reflecting an increase of about 11.5%[29] - The company received CNY 11,248,567.77 in tax refunds related to operating activities during the first nine months of 2015[36]
海欣股份(600851) - 2015 Q2 - 季度财报
2015-08-24 16:00
Financial Performance - The company achieved operating revenue of CNY 438.96 million in the first half of 2015, a decrease of 3.66% compared to CNY 455.61 million in the same period last year[15]. - Net profit attributable to shareholders reached CNY 98.05 million, an increase of 381.70% from CNY 20.36 million in the previous year[15]. - The weighted average return on net assets was 1.94%, up 1.25 percentage points from 0.69% in the same period last year[16]. - The net cash flow from operating activities was negative CNY 189.90 million, worsening from negative CNY 72.60 million in the previous year, a decline of 161.58%[15]. - The company's net assets attributable to shareholders decreased by 10.01% to CNY 4.79 billion from CNY 5.33 billion at the end of the previous year[15]. - Total assets decreased by 10.40% to CNY 6.51 billion from CNY 7.27 billion at the end of the previous year[15]. - The company reported a basic earnings per share of CNY 0.0812, an increase of 380.47% from CNY 0.0169 in the same period last year[16]. - The company reported a net profit for the first half of 2015 of CNY 109,992,192.65, significantly up from CNY 14,085,712.13 in the previous year, marking a growth of 679.5%[68]. - The profit attributable to the parent company's shareholders was CNY 98,053,457.02, compared to CNY 20,355,851.14 in the same period last year, an increase of 382.5%[68]. Cash Flow and Investments - The net cash flow from investment activities increased significantly by 1,679.02%, mainly due to the redemption of a money market fund of ¥99 million and dividends from Changjiang Securities amounting to ¥37.65 million[26]. - Cash inflow from investment activities is CNY 465,618,237.49, significantly higher than CNY 74,590,680.74 in the previous period[73]. - The company received 291,055,741.08 RMB from investment recoveries, a substantial increase from 43,671,525.89 RMB in the previous period[76]. - The company paid 190,112,409.69 RMB for investments, which is significantly higher than the previous period's 40,000,000.00 RMB[76]. Shareholder Information - The total number of shareholders reached 106,008 by the end of the reporting period, with 66,848 holding A shares and 39,160 holding B shares[49]. - The top shareholder, Shanghai Songjiang Dongjing Industrial Company, held 80,000,000 shares, representing 6.63% of total shares, with 10,613,819 shares sold during the reporting period[51]. - Shanghai Toy Import and Export Company reduced its holdings by 5,800,000 shares, ending with 39,200,000 shares, accounting for 3.25% of total shares[51]. - The top three shareholders collectively held 156,300,000 shares, which is approximately 13.95% of the total shares[51]. Assets and Liabilities - As of June 30, 2015, the total assets of Shanghai Haixin Group amounted to CNY 6,510,054,941.57, a decrease from CNY 7,265,711,536.56 at the beginning of the period, reflecting a decline of approximately 10.4%[59]. - The company's current assets totaled CNY 1,180,000,463.74, down from CNY 1,280,936,475.58, indicating a decrease of about 7.8%[59]. - Total liabilities decreased from CNY 1,725,588,307.63 to CNY 1,487,086,879.93, a reduction of about 13.8%[61]. - The company's equity attributable to shareholders decreased from CNY 5,327,380,205.93 to CNY 4,794,322,064.90, reflecting a decline of approximately 10%[61]. Operational Developments - The company is progressing with the listing of its subsidiary, Gannan Haixin, on the New Third Board, with the application accepted in late April 2015[21]. - The company completed the election of a new board of directors and supervisory board, ensuring organizational support for operational activities[21]. - The company has initiated the construction of a new project in the Ganzhou Economic and Technological Development Zone, with a total investment of ¥228 million expected to be completed by 2017[22]. - The company is actively leasing idle industrial properties and developing plans for the old factory area in line with government planning[23]. Segment Performance - The textile segment's revenue decreased by 11.08%, while the pharmaceutical segment's revenue increased by 0.43%, with gross margins of 14.80% and 23.36% respectively[30]. - Shanghai Haixin Changmao's net profit was -3,967,352.28 RMB, indicating a loss in the textile manufacturing sector[37]. - Nanjing Haixin Linning reported a net profit of 454,282.04 RMB, showing positive performance in high-fidelity fabric production[37]. - Shanghai Haixin Chemical Fiber achieved a net profit of 34,249,961.34 RMB, reflecting strong performance in chemical fiber manufacturing[38]. - Jiangxi Gannan Haixin Pharmaceutical reported a net profit of 4,225,506.34 RMB, indicating successful self-production and sales of pharmaceuticals[38]. - Shanghai Haixin Logistics reported a net profit of 1,216,459.98 RMB, demonstrating effective operations in storage and transportation[38]. Accounting Policies and Financial Reporting - The financial report indicates a need for strategic adjustments to improve profitability and equity stability moving forward[82]. - The company confirmed that there were no changes in accounting policies or estimates that would impact financial reporting[47]. - The financial statements are prepared in accordance with the Enterprise Accounting Standards, reflecting the company's financial status accurately[90]. - The company has not made any changes to its significant accounting policies or estimates during the reporting period[187]. Bad Debt and Receivables - The ending balance of accounts receivable is CNY 297,252,031.18, with a bad debt provision of CNY 53,460,305.27, resulting in a net value of CNY 243,791,725.91[198]. - The company has a specific bad debt provision for a major account of CNY 5,661,213.75, with a provision ratio of 60%[198]. - The aging analysis shows that accounts receivable within one year total CNY 218,333,695.10, with a bad debt provision of CNY 41,061,040.91[199]. - For accounts receivable aged between one to two years, the total is CNY 17,356,205.76, with a provision ratio of 10%[199]. - Accounts receivable aged three years and above total CNY 37,825,679.56, with a 100% provision[199].
海欣股份(600851) - 2015 Q1 - 季度财报
2015-04-29 16:00
Financial Performance - Net profit attributable to shareholders was CNY 14,333,489.25, a significant recovery from a loss of CNY 21,800,811.50 in the same period last year[7] - Operating revenue declined by 5.60% to CNY 182,741,762.58 compared to CNY 193,592,564.11 in the previous year[7] - The weighted average return on net assets increased by 1.0359 percentage points to 0.2724%[7] - Non-recurring gains and losses totaled CNY 13,255,878.42 for the period[10] - Financial expenses decreased by 89.19% to ¥1,028,641.62 compared to ¥9,514,579.26 in the same period last year, primarily due to reduced interest payments[14] - Investment income increased by 183.24% to ¥34,884,022.60 from ¥12,316,135.14, mainly attributed to gains from the sale of Changjiang Securities[14] - Other operating income surged by 1,317.07% to ¥1,622,522.65, driven by increased government subsidies[14] - Total operating revenue for Q1 2015 was CNY 182,741,762.58, a decrease of 5.4% compared to CNY 193,592,564.11 in the previous year[23] - Total operating costs for Q1 2015 were CNY 210,162,260.51, down 9.5% from CNY 232,250,205.34 year-over-year[24] - Net profit for Q1 2015 was CNY 8,444,802.95, a significant recovery from a net loss of CNY 28,608,005.96 in the same period last year[24] - The company reported an operating profit of CNY 7,449,536.48, compared to an operating loss of CNY 27,659,255.62 in Q1 2014[24] - Investment income for Q1 2015 was CNY 34,884,022.60, significantly higher than CNY 12,316,135.14 in the previous year[24] - The company reported a comprehensive loss of CNY 268,653,545.68, compared to a loss of CNY 551,414,478.34 in Q1 2014[25] - Basic earnings per share for Q1 2015 were CNY 0.0119, recovering from a loss of CNY 0.0181 in the same period last year[25] - The net profit for Q1 2015 was CNY 31,522,915.22, a significant improvement compared to a net loss of CNY 472,364.64 in the same period last year[28] - Operating profit reached CNY 31,554,968.13, contrasting with an operating loss of CNY 499,343.64 in Q1 2014, indicating a strong recovery in operational performance[28] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 55,663,871.32, worsening from a net outflow of CNY 51,631,079.84 in the same period last year[7] - Cash received from other operating activities rose by 128.76% to ¥9,243,892.22 from ¥4,040,838.59, mainly due to government subsidies and court deposit refunds[14] - Cash paid to employees decreased by 42.39% to ¥46,474,647.73 from ¥80,676,887.70, primarily due to lower compensation payments compared to the previous year[14] - Cash recovered from investments reached ¥291,055,741.08, reflecting a significant recovery of short-term investments[14] - Cash received from investment income increased by 4,514.06% to ¥19,470,189.20 from ¥421,975.23, mainly from the sale of Changjiang Securities[14] - Cash paid for investments surged by 6,480.26% to ¥190,069,999.69 from ¥2,888,488.80, indicating increased short-term investment expenditures[14] - The cash flow from operating activities showed a net outflow of CNY 55,663,871.32, slightly worse than the outflow of CNY 51,631,079.84 in Q1 2014[31] - Investment activities generated a net cash inflow of CNY 115,433,980.57, a significant turnaround from a net outflow of CNY 6,758,637.51 in the same quarter last year[32] - The company received CNY 2,956,633.58 in tax refunds, compared to CNY 4,657,062.35 in the previous year, reflecting a decrease in tax-related cash inflows[31] - The company’s financing activities resulted in a net cash outflow of CNY 73,465,129.91, worsening from a net outflow of CNY 17,558,502.54 in Q1 2014[32] - The net cash flow from operating activities was -$16,579,604.99, an improvement from -$30,992,833.13 in the previous year[35] - Total cash inflow from investment activities reached $309,956,096.44, significantly higher than $41,952.48 in the same period last year[35] - The net cash flow from investment activities was $119,874,095.04, compared to $41,952.48 in the previous year[35] - Cash inflow from financing activities was $0, down from $129,000,000.00 in the previous year[35] - The net cash flow from financing activities was -$66,407,900.00, compared to -$5,201,048.33 in the same period last year[35] - The total cash and cash equivalents at the end of the period amounted to $371,603,781.96, up from $71,900,069.75 last year[35] - The cash inflow from operating activities totaled $25,642,298.08, a decrease from $28,354,617.86 in the previous year[35] - Total cash outflow from operating activities was $42,221,903.07, down from $59,347,450.99 last year[35] - The company reported a cash increase of $36,891,914.33, contrasting with a decrease of $36,128,540.61 in the previous year[35] - The cash paid for employee compensation was $8,382,217.84, a decrease from $22,078,185.58 in the same period last year[35] Assets and Liabilities - Total assets decreased by 3.84% to CNY 6,986,493,884.55 compared to the end of the previous year[7] - Total assets decreased to ¥6,986,493,884.55 from ¥7,265,711,536.56, reflecting a decline in both current and non-current assets[18] - Total liabilities decreased to ¥1,583,692,723.28 from ¥1,725,588,307.63, indicating a reduction in financial obligations[18] - Total assets decreased to CNY 7,062,305,399.01 from CNY 7,349,980,237.24, reflecting a decline of approximately 3.9%[22] - Total liabilities decreased to CNY 1,125,268,468.10 from CNY 1,255,955,315.55, a reduction of about 10.4%[22] - The company's equity totaled CNY 5,937,036,930.91, down from CNY 6,094,024,921.69, indicating a decrease of approximately 2.6%[22] - The number of shareholders reached 117,946, with 77,530 holding A shares and 40,416 holding B shares[11] - The top shareholder, Shanghai Songjiang Dongjing Industrial Company, holds 7.51% of shares, with 90,613,819 shares pledged[11] Investment Activities - Investment properties increased by 26.11% to CNY 491,586,773.79, primarily due to the conversion of buildings into investment properties[13]
海欣股份(600851) - 2014 Q4 - 年度财报
2015-04-29 16:00
Financial Performance - In 2014, the company achieved a net profit attributable to shareholders of RMB 290,932,918.64, a significant increase of 344.90% compared to RMB 65,392,909.05 in 2013[2]. - The total operating revenue for 2014 was RMB 1,110,193,673.88, representing a decrease of 12.00% from RMB 1,261,643,887.53 in 2013[26]. - The basic earnings per share for 2014 was RMB 0.2410, a rise of 344.65% from RMB 0.0542 in 2013[27]. - The weighted average return on equity increased to 6.99% in 2014, up by 4.76 percentage points from 2.23% in 2013[27]. - The company reported a net cash flow from operating activities of RMB 31,335,340.67 in 2014, a recovery from a negative cash flow of RMB 35,552,710.16 in 2013[26]. - The company achieved operating revenue of 1.11 billion RMB in 2014, a year-on-year decrease of 12%[36]. - The net profit attributable to shareholders reached 291 million RMB, representing a year-on-year increase of 345%[36]. - Total assets increased to 7.27 billion RMB, up 66% year-on-year, while net assets rose to 5.33 billion RMB, an increase of 78%[36]. Segment Performance - The textile segment reported operating revenue of 527 million RMB, with a net loss of 24.72 million RMB, a year-on-year increase in loss of 186%[37]. - The pharmaceutical segment generated operating revenue of 568 million RMB, with a net profit of 27.69 million RMB, reflecting a year-on-year growth of 21%[37]. - Financial investments yielded a net income of 427.54 million RMB, a year-on-year increase of 207%[38]. Asset Management - The company reduced its stake in Changjiang Securities by 52.7 million shares, significantly improving operational liquidity[38]. - The asset disposal loss from non-current assets was 39.5 million RMB in 2014, compared to a gain of 189.31 thousand RMB in 2013[30]. - The company received government subsidies amounting to 5.69 million RMB, up from 1.76 million RMB in 2013[30]. - The fair value of available-for-sale financial assets increased by 2.65 billion RMB, impacting profit by 504.80 million RMB[33]. Research and Development - Research and development expenses amounted to RMB 16.56 million, an increase of 59.57% year-on-year[41]. - The company plans to focus on enhancing research and development capabilities to adapt to stricter regulatory policies in the pharmaceutical industry[73]. - The company has increased its R&D investment, but faces challenges due to longer drug approval cycles and higher investment risks[75]. Shareholder Information - The company reported a total of 122,158 shareholders at the end of the reporting period, with 80,687 holding A shares and 41,471 holding B shares[98]. - The largest shareholder, Shanghai Songjiang Dongjing Industrial Company, holds 90,613,819 shares, accounting for 7.51% of total shares[101]. - The company does not have a controlling shareholder, as the largest shareholder's stake is below 50%[105]. Governance and Compliance - The company is committed to improving internal controls and governance to ensure compliance with operational standards[74]. - The company has not received any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[89]. - The company executed new accounting standards starting July 1, 2014, which included seven revised accounting standards impacting financial reporting[90]. Future Strategies - The company aims to continue structural adjustments in the plush industry and has made progress in product market expansion and production line upgrades in the pharmaceutical sector[60]. - The company plans to adopt a dual strategy of "external expansion + internal adjustment" over the next three to five years to enhance management and seize new investment opportunities[72]. - The company plans to enhance infrastructure and optimize resource utilization as part of its future development strategy[104]. Financial Position - The company's total assets increased to CNY 7,349,980,237.24 from CNY 4,354,540,878.67, representing a growth of approximately 69%[166]. - Total liabilities rose to CNY 1,255,955,315.55, compared to CNY 702,322,294.15, indicating an increase of about 79%[166]. - The equity attributable to shareholders increased to CNY 6,094,024,921.69 from CNY 3,652,218,584.52, reflecting a growth of approximately 67%[166]. Employee Information - The number of employees in the parent company was 120, while the total number of employees in major subsidiaries was 2,188, resulting in a combined total of 2,308 employees[126]. - The company has established a compensation policy that includes fixed and performance-based pay, with performance pay linked to company and individual performance[127]. Cash Flow - Cash inflow from operating activities totaled CNY 1,363,459,856.40, while cash outflow was CNY 1,332,124,515.73, resulting in a positive net cash flow[175]. - The net cash flow from financing activities was CNY -247,499,952.51, worsening from CNY -149,754,004.31 in the previous year, indicating increased financing costs[175].
海欣股份(600851) - 2014 Q3 - 季度财报
2014-10-27 16:00
Financial Performance - Operating revenue decreased by 10.75% to CNY 797,881,314 for the period from January to September[8] - Net profit attributable to shareholders increased by 114.91% to CNY 122,859,540.59 compared to the same period last year[8] - Basic earnings per share rose by 114.77% to CNY 0.1018[9] - The company reported a net profit of CNY 111,979,107.80, recovering from a loss of CNY 10,880,432.79 in the previous period[22] - Total operating revenue for Q3 2014 was ¥342,268,043.77, a decrease of 12.5% compared to ¥391,245,065.57 in Q3 2013[28] - Net profit for Q3 2014 was ¥108,389,672.68, significantly up from ¥11,375,410.29 in Q3 2013, marking an increase of 852.5%[29] - Total comprehensive income for Q3 2014 reached ¥430,464,766.28, compared to ¥153,220,162.41 in Q3 2013, an increase of 180.5%[29] - The company’s total profit for Q3 2014 was ¥145,915,005.60, compared to ¥12,044,650.58 in Q3 2013, marking an increase of 1,213.5%[29] Asset and Liability Management - Total assets increased by 9.28% to CNY 4,796,140,126 compared to the end of the previous year[8] - Total liabilities increased, with accounts payable rising by 33.63% to CNY 190,912,277.52 from CNY 142,865,609.27, attributed to increased material procurement[14] - Non-current liabilities rose to CNY 444,026,046.65, up from CNY 368,340,357.63, indicating an increase of about 20.5%[22] - Current liabilities totaled CNY 788,444,192.53, slightly down from CNY 804,724,921.51, reflecting a decrease of approximately 2.5%[22] - The company’s construction in progress decreased by 36.58% to CNY 24,151,789.56 from CNY 38,084,029.25, primarily due to the completion of the new production line for Gannan Haixin[14] Cash Flow and Investments - The net cash flow from operating activities improved, with a loss of CNY 65,880,257.06 compared to a loss of CNY 97,305,513.31 in the previous year[8] - Cash and cash equivalents increased by 71.78% to CNY 497,183,216.47 from CNY 289,428,607.22, primarily due to proceeds from the sale of Changjiang Securities and the liquidation of Yuecai Trust[14] - Investment income surged by 2,091.80% to CNY 225,317,513.62 from CNY 10,280,043.91, driven by increased gains from the sale of Changjiang Securities and liquidation income from Yuecai Trust[15] - Net cash flow from investment activities for the first nine months of 2014 was CNY 319,718,099.38, compared to CNY 146,184,457.31 in the same period last year, indicating a growth of about 118.5%[36] - Total cash inflow from financing activities in Q3 2014 was CNY 476,520,448.74, compared to CNY 437,824,504.98 in Q3 2013, showing an increase of about 8.0%[36] Shareholder Information - The total number of shareholders reached 136,307, with 93,640 holding A shares and 42,667 holding B shares[11] Income and Expenses - The company reported a non-operating income of CNY 118,067,564.03 for the period[10] - The company disposed of non-current assets resulting in a loss of CNY 36,252,914.87 year-to-date[10] - Government subsidies recognized in the current period amounted to CNY 5,018,500[10] - The company reported a significant increase in tax payable, which rose by 677.79% to CNY 24,303,515.15 from CNY 3,124,685.79, mainly due to higher income tax provisions[15] - The company recorded an asset impairment loss of CNY 53,000,000.00, reflecting increased provisions for inventory and receivables due to the shutdown of Shanghai Changmao[15] Current and Non-Current Assets - The total current assets increased to CNY 1,230,627,420.01 from CNY 1,039,006,092.66, indicating a strong liquidity position[20] - The company’s non-current assets, specifically available-for-sale financial assets, rose to CNY 1,909,478,663.75 from CNY 1,663,408,663.75, reflecting a strategic investment approach[20] - The company’s inventory decreased to CNY 4,786,745.45 from CNY 67,541,734.32, indicating a significant reduction of about 92.9%[25]