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博闻科技(600883) - 2020 Q2 - 季度财报
2020-08-28 16:00
Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2020, representing a year-on-year increase of 15%[12]. - The net profit attributable to shareholders was RMB 80 million, an increase of 20% compared to the same period last year[12]. - The company's operating revenue for the first half of 2020 was CNY 7,817,847.09, a decrease of 40.58% compared to CNY 13,156,848.30 in the same period last year[20]. - The net profit attributable to shareholders increased by 109.89% to CNY 7,720,776.72 from CNY 3,678,429.28 year-on-year[20]. - The net cash flow from operating activities was negative at CNY -7,571,099.13, a significant decline from CNY 307,349.04 in the previous year, representing a decrease of 2,563.36%[20]. - The basic earnings per share for the first half of 2020 was CNY 0.0327, up 109.62% from CNY 0.0156 in the same period last year[21]. - The weighted average return on equity increased by 0.6016 percentage points to 1.1613% compared to the previous year[21]. - The company's total comprehensive income for the first half of 2020 was ¥6,125,503.87, a 66.06% increase from ¥3,688,780.49 in the same period of 2019[43]. - The company reported a significant increase in capital reserve to CNY 12,206,580.53 from CNY 6,534,873.70, a growth of approximately 86%[121]. Market and Business Strategy - User data showed a growth in active users by 25%, reaching 1.5 million active users by the end of June 2020[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2021[12]. - New product development includes the launch of a premium line of edible fungi products, expected to contribute an additional RMB 50 million in revenue[12]. - The company is exploring new business directions in line with the local government's focus on developing "green food brands" and modern agriculture[29]. - The company is focusing on trade-driven models to mitigate investment and operational risks while exploring opportunities in the agricultural and food processing sectors[30]. - The company plans to strengthen its core competitiveness in the cement business by optimizing production management and adapting to market changes[33]. Risks and Challenges - The management highlighted potential risks including market competition and regulatory changes that could impact future performance[7]. - The company faces industry risks due to overcapacity in the cement market, which may adversely affect profitability[80]. - The company acknowledges risks related to market competition and the seasonal nature of raw material supply, which may impact future business performance[83]. Legal and Compliance - There are no significant lawsuits or arbitration matters during the reporting period[91]. - The company and its major shareholders have maintained good integrity and compliance with laws and regulations[92]. - The company is currently in the execution phase of a mediation agreement related to a cement sales contract dispute[102]. - The company is actively pursuing its legal rights to ensure the collection of debts owed[103]. - The ongoing legal matters may impact the company's financial position and operational focus[103]. Investment and Financial Management - The company has allocated RMB 30 million for research and development in new technologies related to food processing[12]. - The total investment income for the period was 13,855,874.43 RMB, an increase of 1.68% year-on-year, with a significant rise of 20.03% in entrusted financial management income[60]. - The company’s investment in Xinjiang Zhonghe increased its shareholding from 6.9346% to 7.0075% following a stock buyback, maintaining its position as the second-largest shareholder[75]. - The company’s cash and cash equivalents at the end of the period were 54,852,160.38 RMB, down 48.73% from the previous year[62]. - The company’s total assets at the end of the reporting period were CNY 705,184,366.86, an increase of 1.25% from CNY 696,501,463.79 at the end of the previous year[20]. Production and Operations - The company's cement production capacity is approximately 320,000 tons per year, primarily utilizing purchased clinker and raw materials[25]. - The company's cement production in the Baoshan region was 2.60 million tons, a decrease of 43.06% year-on-year, with a capacity utilization rate of approximately 16.25%[28]. - The average selling price of cement increased by 2.65% year-on-year, but the average unit production cost rose by 20.10%, resulting in a gross margin of -31.15%, down 18.48 percentage points year-on-year[36]. - The total sales volume of cement products was 23,882.61 tons, a decrease of 47.11% compared to the previous year, with a production volume of 26,003.71 tons, down 43.06%[47]. Accounting and Financial Reporting - The report indicates that the financial statements have not been audited, which may affect investor confidence[5]. - The company adheres to the accounting standards and ensures that the financial statements accurately reflect its financial position as of June 30, 2020, and the results of operations and cash flows for the first half of 2020[153]. - The company uses Renminbi as its functional currency for accounting purposes[156]. - The company recognizes financial assets and liabilities on a net basis when it has the legal right to offset and plans to settle them net or simultaneously[181].
博闻科技(600883) - 2020 Q1 - 季度财报
2020-04-29 16:00
2020 年第一季度报告 公司代码:600883 公司简称:博闻科技 云南博闻科技实业股份有限公司 2020 年第一季度报告 1 / 29 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 12 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 | | | | 单位:元 币种:人民币 | | --- | --- | --- | --- | | 项目 | 本期金额 | 说明 | | | | | 其中:淘汰落后产能中央财政 | | | 计入当期损益的政府补助,但与公司正常经营业 | | 奖励资金转入 31,149.80 元、 | | | 务密切相关,符合国家政策规定、按照一定标准 | 52,547.66 | 散装设施专项资金转入 | | | 定额或定量持续享受的政府补助除外 | | 3,813.69 元、稳岗补贴转入 | | | | | 17,584.17 元。 | | 3 / 29 单位:元 币种:人民币 本报告期末 上年度末 本报告期 ...
博闻科技(600883) - 2019 Q4 - 年度财报
2020-04-15 16:00
Financial Performance - In 2019, the company achieved a net profit of ¥6,623,665.32, with a total distributable profit of ¥277,394,244.71 as of December 31, 2019[5]. - The proposed cash dividend is ¥0.10 per share (before tax), totaling ¥2,360,880.00 based on a total share capital of 236,088,000 shares[5]. - The cash dividend represents 33.03% of the net profit attributable to shareholders for the year[5]. - The net profit attributable to shareholders decreased by 33.51% to CNY 7,147,673.29 from CNY 10,750,660.12 in the previous year[21]. - The basic earnings per share for 2019 was CNY 0.0303, down 33.41% from CNY 0.0455 in 2018[22]. - The company reported a cash flow from operating activities of CNY -7,121,013.73, an improvement from CNY -24,698,117.06 in 2018[21]. - The total investment income for the year was CNY 19,724,242.99, a decrease of 2.55% compared to the previous year[45]. - The company reported a net profit attributable to shareholders of CNY 7,147,673.29, a decrease of 33.51% year-on-year, primarily due to declining cement sales margins[45]. Revenue and Sales - The company's operating revenue for 2019 was CNY 31,726,569.06, an increase of 5.36% compared to CNY 30,113,795.53 in 2018[21]. - The company's cement product sales revenue was CNY 27,978,605.25, a decrease of 4.27% compared to the previous year[45]. - The total cement production volume for the year was 87,970.47 tons, a decrease of 10.67% year-on-year, while sales volume was 90,001.87 tons, down 7.57%[44]. - The average sales price of cement products increased by 3.57% year-on-year, but the average unit production cost rose by 9.19%, leading to a gross margin of -7.94%[44]. - The trade business generated revenue of CNY 3,591,173.20, contributing 11.32% to the company's consolidated revenue[38]. Costs and Expenses - Operating costs rose by 8.79% year-on-year, mainly driven by increased costs in the newly established trading business and cement operations[48]. - Sales expenses decreased by 4.73% year-on-year, with cement unloading fees reduced by 20.32% compared to the previous year[48]. - Management expenses decreased by 4.10% year-on-year, attributed to a 14.84% reduction in rental expenses and an 8.21% decrease in business entertainment expenses[48]. - The gross profit margin for cement products dropped from -2.14% to -7.94%, a decline of 5.80 percentage points[52]. Assets and Liabilities - Total assets at the end of 2019 were CNY 696,501,463.79, a slight increase of 1.17% from CNY 688,434,218.62 in 2018[21]. - The company's cash and cash equivalents decreased significantly from CNY 251,029,902.93 in 2018 to CNY 127,677,845.11 in 2019, a drop of approximately 49.2%[194]. - The company's fixed assets were valued at CNY 10,460,916.57 in 2019, down from CNY 12,220,490.65 in 2018, indicating a reduction of about 14.4%[194]. - Inventory levels decreased from CNY 12,639,953.10 in 2018 to CNY 8,929,172.16 in 2019, a decline of approximately 29.0%[194]. - Current liabilities rose to CNY 11,434,225.88 in 2019, up from CNY 8,669,799.31 in 2018, indicating an increase of about 31.5%[196]. Investment and Financial Strategy - The company plans to explore new business opportunities in the agricultural sector, focusing on highland specialty products and sustainable development[36]. - The company achieved investment income of ¥3,131,245.99 from cash management products, with a year-end investment balance of ¥86,374,424.84[76]. - The company plans to maintain its current cash dividend policy without significant impact on operational cash flow or normal business operations[103]. - The company is focused on expanding its trading business, particularly in the procurement and sales of Yunnan matsutake and related products[85]. - The company anticipates continued growth in cement demand due to infrastructure investments, despite existing overcapacity in the industry[88]. Governance and Compliance - The company’s board of directors and senior management have confirmed the accuracy and completeness of the annual report[4]. - The company has not reported any significant accounting errors that would require correction, indicating sound financial practices[115]. - The company has established a performance-oriented salary management and assessment mechanism to enhance employee motivation and creativity[164]. - The company has not engaged in any poverty alleviation work in 2019 but plans to actively fulfill its social responsibilities in the future[136]. - The company has implemented a profit distribution plan in accordance with regulations, ensuring reasonable returns to shareholders[137]. Environmental and Social Responsibility - The company’s environmental protection measures are effective, with no exceedances in pollutant discharge limits reported during the year[138]. - The company obtained the "Pollutant Discharge Permit" from the government environmental authority, valid until November 28, 2020[139]. - All monitored emissions from the company's cement business met environmental standards, with no reported environmental issues or rectification projects[139]. - The company has established an emergency response plan for environmental pollution incidents[140].
博闻科技(600883) - 2019 Q3 - 季度财报
2019-10-30 16:00
Financial Performance - Operating revenue decreased by 18.49% to CNY 20,137,684.01 for the first nine months compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 32.56% to CNY 7,253,059.40 for the first nine months compared to the same period last year[6]. - Basic and diluted earnings per share decreased by 32.68% to CNY 0.0307[6]. - Operating profit decreased by 33.80% to 7,179,592.67 from 10,845,687.66, driven by rising costs in cement production leading to reduced gross profit[15]. - The total profit for Q3 2019 was 7,253,059.40, a decrease of 32.56% compared to 10,754,586.97 in Q3 2018[16]. - The net profit attributable to the parent company was 7,253,059.40, reflecting a decline of 32.56% from the previous year[16]. - The total comprehensive income attributable to the parent company decreased by 26.75%, amounting to 7,957,151.94 compared to 10,862,464.75 in Q3 2018[16]. - The net profit for Q3 2019 was 3,574,630.12, a slight decrease from 3,619,594.18 in the previous quarter, representing a decline of approximately 1.2%[36]. - The total profit for the quarter was reported at 3,574,630.12, which is a decrease of 0.1% from 3,619,594.18 in the previous quarter[37]. Assets and Liabilities - Total assets increased by 1.43% to CNY 698,245,569.92 compared to the end of the previous year[6]. - Cash and cash equivalents decreased by 67.79% to 80,861,959.92 from 251,029,902.93 due to the adjustment of structured deposits to be reported under trading financial assets[12]. - Trading financial assets increased by 100% to 247,029,660.57, reflecting the implementation of new financial standards[12]. - Other current assets decreased by 98.67% to 326,615.66 from 24,611,170.93, primarily due to the redemption of government bond reverse repurchase investments[14]. - Long-term prepaid expenses decreased by 86.67% to 9,093.41 from 68,241.98, attributed to the amortization of office renovation expenses[14]. - The company reported a net asset increase of 118.92% in capital reserves, rising to 8,044,840.45 from 3,674,861.71, reflecting equity adjustments based on shareholding ratios[14]. - The company’s total liabilities increased, with current liabilities totaling CNY 11,066,363.64 compared to CNY 8,669,799.31 in the previous year[28]. - Total liabilities as of September 30, 2019, were CNY 52,559,692.67, a decrease from CNY 53,571,678.38 at the end of 2018[32]. - The company’s accounts payable rose to CNY 1,301,458.48 from CNY 866,175.19 in the previous year[28]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 5,633,025.25 for the first nine months[6]. - Cash flow from operating activities was -5,633,025.25, an improvement of 14,827,003.25 compared to -20,460,028.50 in the same period last year[17]. - The company reported a total cash outflow of 67,751,928.44 RMB in the third quarter, compared to 111,179,268.32 RMB in the same period last year[50]. - Cash inflow from investment activities was 2,214,192,664.79 RMB, down from 3,341,386,291.43 RMB year-over-year[48]. - The net cash flow from investment activities was -58,622,943.21 RMB, compared to -82,259,978.60 RMB in the previous year, indicating a reduction in losses[50]. Shareholder Information - The total number of shareholders reached 12,972 by the end of the reporting period[10]. - The largest shareholder, Shenzhen Derong Investment Development Co., Ltd., holds 17.15% of the shares[10]. - The company holds 71,806,365 shares of Xinjiang Zhonghe, representing a 6.9434% ownership stake following a non-public stock issuance[23]. Other Income and Expenses - Non-operating income for the first nine months totaled CNY 7,058,376.84, with significant contributions from government subsidies and investment income[8]. - Interest income fell by 66.67% to 1,711,318.48 from 5,134,944.31, as structured deposit interest was reclassified to investment income[15]. - Other income increased by 94.61% to 190,583.71 from 97,928.61, due to the transfer of deferred income to current profits[15]. - The company recorded an asset impairment loss of 521,029.05 for the quarter, compared to 50,968.81 in the previous quarter, showing a notable increase in losses[36]. Comprehensive Income - Other comprehensive income after tax increased significantly by 552.68%, reaching 704,092.54 compared to 107,877.78 in the same period last year[16]. - Other comprehensive income after tax for the quarter was 693,741.33, a significant increase from -13,145.08 in the previous quarter[37]. - The company’s total comprehensive income for Q3 2019 was ¥4,404,562.84, compared to ¥3,513,936.14 in Q3 2018, an increase of about 25.3%[43]. Investment Activities - The company’s investment in fixed assets and intangible assets increased by 34.03% to 62,016.00 compared to the previous year[18]. - The company confirmed a successful subscription for a special asset management plan with an investment of ¥60,000,000, with an investment balance of ¥61,150,895.64 at the end of the reporting period[20]. - The company holds structured deposits totaling ¥38,000,000 linked to gold, with a fair value change income of ¥537,830.14 recognized[21].
博闻科技(600883) - 2019 Q2 - 季度财报
2019-08-23 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was ¥13,156,848.30, a decrease of 35.16% compared to ¥20,292,279.63 in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2019 was ¥3,678,429.28, down 48.45% from ¥7,134,992.79 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was -¥750,103.49, a decline of 115.60% compared to ¥4,808,940.64 in the same period last year[20]. - The company's total revenue for the first half of 2019 was 13,156,848.30 yuan, a decrease of 35.16% compared to the same period last year, primarily due to reduced cement sales volume[34]. - The company's net profit attributable to shareholders was 3,678,429.28 yuan, down 48.45% year-on-year, mainly due to rising cement sales costs[34]. - The total comprehensive income for the first half of 2019 was CNY 3,688,780.49, a decrease of 49.16% compared to CNY 7,256,015.65 in the same period of 2018[40]. - The company's operating profit for the first half of 2019 was CNY 3,503,261.15, a decrease of 51.51% from CNY 7,224,922.79 in the previous year[39]. - The company reported a net profit of 16,277.65 RMB from its subsidiary Kunming Bowen, which saw a 118.58% decrease in losses due to investment income from bank financial products[67]. Cash Flow and Assets - The company's cash flow from operating activities was ¥307,349.04, a significant improvement from -¥12,729,835.69 in the previous year[20]. - The company's cash and cash equivalents at the end of the period amounted to ¥106,989,445.13, representing 15.45% of total assets, a decrease of 57.38% compared to the previous period[54]. - The trading financial assets reached ¥224,777,152.04, accounting for 32.46% of total assets, marking a 100% increase as it was not reported in the previous period[54]. - The company's accounts receivable increased by 57.36% to ¥1,733,871.99 from ¥1,101,839.53 in the same period last year[55]. - The company's inventory of cement products increased by 6.76% to 5,846 tons at the end of the reporting period[43]. - The total assets at the end of the reporting period were ¥692,414,814.78, an increase of 0.58% from ¥688,434,218.62 at the end of the previous year[20]. Market and Production - The main business remains focused on cement grinding and sales, with an annual production capacity of approximately 320,000 tons[24]. - In the first half of 2019, the company's cement production decreased by 35.03% year-on-year, with a production capacity utilization rate of approximately 14.27%[27]. - The average selling price of the company's cement increased by 2.64% year-on-year, but the overall gross margin dropped from -1.24% to -12.67%, a decline of 11.43 percentage points[33]. - The company faced intense market competition due to overcapacity in the cement industry, leading to a significant decline in production and sales[33]. - The company has identified the need to rebuild its core competitiveness in cement production management due to challenges from market changes and policy upgrades[29]. Investments and Income - Investment income contributed positively to the company's performance, with total investment income of 11,306,667.73 yuan, an increase of 1.68% year-on-year[34]. - The company reported a significant drop in interest income, which fell by 66.97% to CNY 1,114,384.19 due to new financial regulations[39]. - The company plans to strengthen market trend analysis and adopt proactive sales strategies to enhance profitability amid industry competition[72]. - The company will continue to enhance supervision of external equity investments to mitigate risks associated with market fluctuations[73]. Shareholder and Corporate Governance - The company held its annual general meeting, where 13 proposals were approved, ensuring compliance with legal and regulatory requirements[76]. - The company has no plans for profit distribution or capital reserve fund conversion for the half-year period[77]. - The actual controller and shareholders have committed to not trading or transferring non-circulating shares for a period of 36 months from the implementation of the reform plan[78]. - The company reported a total of 13,276 ordinary shareholders by the end of the reporting period[100]. - The top shareholder, Shenzhen Derong Investment Development Co., Ltd., holds 40,500,000 shares, representing 17.15% of the total shares[101]. Environmental and Social Responsibility - The company has obtained an environmental discharge permit valid until November 28, 2020, with all monitored emissions meeting standards[90]. - The company has implemented a self-monitoring plan for environmental emissions, with all discharge points compliant[92]. - The company has focused on energy conservation and environmental protection, developing an emergency response plan for environmental pollution incidents[91]. - The company has not engaged in any poverty alleviation work in the first half of 2019 but plans to actively fulfill social responsibilities in the future[86]. Accounting and Compliance - The financial statements are prepared based on the going concern assumption, ensuring sufficient operating funds for at least 12 months from the approval date of the financial statements[150]. - The financial statements comply with the relevant accounting standards and accurately reflect the company's financial position as of June 30, 2019[152]. - The company did not report any significant accounting errors or restatements during the reporting period[94]. - The company follows specific accounting policies for revenue recognition based on actual operating characteristics[151].
博闻科技(600883) - 2019 Q1 - 季度财报
2019-04-29 16:00
Financial Performance - Operating revenue for the first quarter was ¥4,244,788.48, representing a significant decrease of 65.31% year-on-year[8]. - Net profit attributable to shareholders of the listed company was ¥1,542,365.68, down 20.98% from the same period last year[8]. - The net profit after deducting non-recurring gains and losses was -¥776,226.07, a decline of 166.69% compared to the previous year[8]. - Basic and diluted earnings per share were both ¥0.0065, reflecting a decrease of 21.69% year-on-year[8]. - Total operating revenue for Q1 2019 was 4,244,788.48, a decrease from 12,235,055.32 in Q1 2018, representing a decline of approximately 65.3%[34]. - Net profit for Q1 2019 was 1,542,365.68, compared to 1,951,861.66 in Q1 2018, reflecting a decrease of approximately 21%[34]. - Total comprehensive income for Q1 2019 was 1,545,317.20, down from 2,399,151.54 in Q1 2018, reflecting a decline of approximately 35.7%[35]. - Operating profit for Q1 2019 was 1,362,295.68, compared to 2,041,791.66 in Q1 2018, a decrease of about 33.2%[34]. Cash Flow - The company reported a net cash flow from operating activities of -¥2,593,426.56, which is not comparable to the previous year due to different operational conditions[8]. - Cash flow from sales of goods and services dropped to 4,788,951.60 from 15,098,470.10, a decrease of 68.28% due to lower sales volume[18]. - The net cash flow from investment activities was -CNY 35,794,887.03, a significant decline from CNY 875,522.99 in Q1 2018[41]. - The cash inflow from investment income was CNY 1,379,618.36, significantly higher than CNY 571,384.35 in Q1 2018[40]. - The company reported a net decrease in cash and cash equivalents of -CNY 38,395,363.78 in Q1 2019, compared to an increase of CNY 287,029.86 in Q1 2018[41]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥690,325,032.45, a slight increase of 0.27% compared to the previous year[8]. - Total liabilities decreased marginally to CNY 53,561,938.27 from CNY 53,571,678.38 in the previous year[31]. - The total current assets as of March 31, 2019, were 338,811,529.24 yuan, a decrease from 370,409,099.39 yuan at the end of 2018[26]. - The company's long-term equity investments increased to 307,894,202.91 yuan from 303,914,406.22 yuan at the end of 2018[26]. - Total liabilities reached ¥33.01 billion, with current liabilities at ¥8.67 billion and non-current liabilities at ¥24.34 billion[47]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,284[11]. - The largest shareholder, Shenzhen Derong Investment Development Co., Ltd., held 40,500,000 shares, accounting for 17.15% of the total shares[11]. - Shareholders' equity totaled ¥655.43 billion, with paid-in capital at ¥236.09 billion and retained earnings at ¥270.35 billion[48]. Investment Activities - The company reported an investment income of 1,379,618.36 yuan from new financial policies, which is an increase of 141.45% compared to the previous year[19]. - The company executed a rolling investment in government bond reverse repurchase, generating an investment income of 373,544.39 yuan, maintaining an investment balance of 60 million yuan[23]. - The company purchased bank financial products during the reporting period, achieving a total investment income of 30,563.01 yuan, with an ending investment balance of 6.7 million yuan[21]. Other Financial Metrics - Other comprehensive income decreased significantly by 99.34%, from 447,289.88 to 2,951.52[18]. - Financial expenses decreased by 70.45%, from 1,023,999.50 to 302,574.73, due to changes in interest income recognition[17]. - The company experienced an asset impairment loss of -156,677.70 in Q1 2019, which is an improvement compared to -353,300.22 in Q1 2018, showing a decrease of approximately 55.6%[38].
博闻科技(600883) - 2018 Q4 - 年度财报
2019-04-19 16:00
Financial Performance - In 2018, the company achieved a net profit of CNY 10,726,589.38, a decrease of 60.62% compared to the previous year[5]. - The total operating revenue for 2018 was CNY 30,113,795.53, representing a year-on-year increase of 10.46%[21]. - The basic earnings per share for 2018 was CNY 0.0455, down 60.64% from CNY 0.1156 in 2017[22]. - The company's total assets at the end of 2018 were CNY 688,434,218.62, a decrease of 2.67% from the previous year[21]. - The company's net profit attributable to shareholders decreased by 60.62% to CNY 10,750,660.12, primarily due to a 61.1% reduction in total investment income to CNY 20,239,629.62[58]. - The company reported a total comprehensive income of ¥10,759,410.71, down from ¥17,071,920.03 in the previous year[188]. - The company reported a decrease in cash received from sales of goods and services to CNY 35,233,419.80 from CNY 37,040,356.66, reflecting a decline in revenue generation[193]. Cash Flow and Investments - The net cash flow from operating activities for 2018 was negative CNY 24,698,117.06, worsening from negative CNY 19,241,576.93 in 2017[21]. - The net cash flow from investment activities was -141,680,329.65 RMB, a decrease of 194.19% compared to the previous year[55]. - The company reported a significant increase of 89.78% in interest income from time deposits compared to the previous year[53]. - Cash and cash equivalents at the end of the period decreased to CNY 148,029,902.93 from CNY 322,984,473.80, indicating a significant reduction in liquidity[194]. - The company experienced a net cash decrease of CNY 174,954,570.87, contrasting with an increase of CNY 112,059,346.41 in the previous year, highlighting a challenging financial year[194]. Operational Efficiency - The cash flow from operating activities for 2018 was negative CNY 582,759.98, indicating a decline in operational efficiency[25]. - The company faced a significant increase in operating costs, which rose by 13.28% year-on-year, mainly due to a 12.96% increase in cement business costs[42]. - The average unit production cost of cement increased by 20.51% year-on-year, primarily due to a rise in the price of purchased clinker, which added 35.25 RMB per unit[50]. - The company aims to optimize production efficiency and reduce costs while ensuring safety and product quality[77]. Market and Industry Trends - The average selling price of cement in the national market increased by 22% year-on-year, reaching CNY 396.7 per ton in 2018[30]. - The total cement production in China for 2018 was 2.21 billion tons, a year-on-year decrease of 5.3%[30]. - The company anticipates challenges in maintaining market share due to rising production costs and competitive disadvantages[74]. - The cement industry is expected to face downward pressure, with a projected GDP growth of 6%-6.5% nationally and 8.5% in Yunnan province[72]. Shareholder and Dividend Policies - The company proposed a cash dividend of CNY 0.20 per share, totaling CNY 4,721,760.00 to be distributed to shareholders[5]. - The company has a cash dividend policy prioritizing cash distributions, aiming for a minimum of 30% of the average distributable profit over the last three years[82]. - The company plans to engage with minority shareholders to gather opinions on dividend proposals and ensure their rights are protected[84]. - The company did not propose a cash profit distribution plan for ordinary shares despite having a positive profit for the reporting period[88]. Governance and Management - The company has a total of 5 directors, 3 independent directors, and 3 supervisors, all of whom maintained zero shareholding changes throughout the year[137]. - The company has been actively involved in the election process for its governance structure, ensuring compliance with regulations[139]. - The company aims to improve operational efficiency and shareholder value through effective governance[139]. - The company has a structured performance assessment for its management, which influences their remuneration[144]. Environmental Compliance - The company maintained compliance with laws and regulations, ensuring product quality with all cement samples passing inspections in 2018[114]. - The company’s pollution control facilities, including a pulse bag dust collector, operated effectively during the reporting period, achieving standard emissions[116]. - The company obtained a pollution discharge permit valid until November 28, 2020, with all monitored emissions meeting regulatory standards[117]. - The company has established an emergency response plan for environmental pollution incidents, adhering to relevant laws and regulations[118].
博闻科技(600883) - 2018 Q3 - 季度财报
2018-10-30 16:00
Financial Performance - Operating revenue for the first nine months reached CNY 24,706,196.98, an increase of 53.63% year-on-year[7] - Net profit attributable to shareholders was CNY 10,754,586.97, down 75.29% compared to the same period last year[7] - Basic earnings per share decreased by 75.27% to CNY 0.0456[7] - The weighted average return on equity fell by 4.83 percentage points to 1.6145%[7] - Total operating revenue for Q3 2018 was CNY 4,413,917.35, an increase of 24.5% compared to CNY 3,544,230.18 in Q3 2017[31] - Operating profit for the first nine months of 2018 reached CNY 10,845,687.66, a decrease of 73.0% from CNY 40,171,277.47 in the same period last year[31] - Net profit for Q3 2018 was CNY 3,619,594.18, an increase of 23.7% compared to CNY 2,924,371.09 in Q3 2017[32] - Total profit for the first nine months was ¥10,749,687.49, compared to ¥43,344,032.56 in the previous year, indicating a significant decrease[36] Cash Flow - The net cash flow from operating activities was negative CNY 20,460,028.50, compared to negative CNY 14,597,206.28 in the previous year[7] - Cash received from operating activities increased by 86.24% to 5,309,589.89 from 2,850,894.43 in the previous period[16] - Cash flow from investment activities generated a net outflow of 82,263,536.84, a decrease of 201.74% compared to the previous inflow of 80,853,203.83[16] - The company recorded a cash inflow of 3,361,906,972.07 from recovered investments, an increase of 55.10% from 2,167,519,102.78 in the previous period[16] - Cash flow from operating activities showed a net outflow of ¥20,460,028.50, worsening from a net outflow of ¥14,597,206.28 in the same period last year[41] - Investment activities resulted in a net cash outflow of ¥82,263,536.84, compared to a net inflow of ¥80,853,203.83 in the same period last year[42] - The net increase in cash and cash equivalents was -CNY 111,179,268.32, compared to an increase of CNY 47,451,486.70 in the prior year[45] Assets and Liabilities - Total assets at the end of the reporting period were CNY 696,379,321.70, a decrease of 1.54% compared to the end of the previous year[7] - The total liabilities decreased by 53.96%, from ¥22,067,674.30 to ¥10,159,582.69, mainly due to a reduction in payable taxes[12] - The company's cash and cash equivalents decreased by 34.45%, from ¥322,984,473.80 to ¥211,702,516.35, primarily due to unexpired reverse repurchase investments[12] - The total liabilities decreased from RMB 46,540,230.96 to RMB 34,567,210.74, indicating a reduction of approximately 25.7%[26] - The company's inventory increased to RMB 10,905,238.73 from RMB 9,250,306.84, reflecting an increase of approximately 17.9%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,051[9] - The largest shareholder, Shenzhen Derong Investment Development Co., Ltd., held 40,500,000 shares, accounting for 17.15% of total shares[9] Investment Income - Non-operating income for the first nine months totaled CNY 3,384,448.81, with significant contributions from investment income[8] - The company’s investment income from joint ventures increased by 39.59%, reaching ¥12,679,829.77 compared to ¥9,083,577.76 in the previous year[13] - The company recorded a significant decrease in investment income, which fell by 67.58% to ¥16,368,023.65 from ¥50,485,471.35 in the previous year[13] - The company reported an investment income of ¥5,124,169.65, slightly down from ¥5,260,208.83 year-over-year[36] Other Financial Metrics - The company reported a government subsidy of CNY 97,928.61 related to the elimination of backward production capacity[8] - The company engaged in related party transactions amounting to 2,079,393.19 for electricity purchases during the reporting period[17] - The company achieved investment income of 196,441.76 from bank financial products, with an ending investment balance of 6,700,000[18] - The company plans to establish a wholly-owned subsidiary with an investment of RMB 10 million for hospital investment and management, although the establishment has not been completed as of the report date[20]
博闻科技(600883) - 2018 Q2 - 季度财报
2018-08-24 16:00
Financial Performance - The company's operating revenue for the first half of 2018 was ¥20,292,279.63, representing a 61.86% increase compared to ¥12,537,176.46 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2018 was ¥7,134,992.79, a decrease of 82.43% from ¥40,603,251.45 in the previous year[21]. - The total assets at the end of the reporting period were ¥696,525,891.55, down 1.52% from ¥707,291,283.05 at the end of the previous year[21]. - The basic earnings per share for the first half of 2018 was ¥0.0302, a decline of 82.44% from ¥0.1720 in the same period last year[22]. - The weighted average return on net assets decreased by 4.9458 percentage points to 1.0740% compared to 6.0198% in the previous year[22]. - The total comprehensive income for the first half of 2018 was ¥7,256,015.65, down 76.12% from ¥30,389,299.83 in the previous year[43]. - The company reported a net profit of CNY 7,134,992.79, a significant decrease of 82.43% year-on-year, mainly due to a 75.41% drop in investment income[55]. - The company reported a net loss of ¥87,613.48 from its subsidiary Kunming Bowen, a decrease in loss of 97.01% year-on-year[66]. Cash Flow and Investments - The net cash flow from operating activities was -¥12,729,835.69, compared to -¥9,277,494.07 in the same period last year, indicating a worsening cash flow situation[21]. - The company reported a negative net cash flow from operating activities of CNY -12,729,835.69, worsening from CNY -9,277,494.07 in the previous year[39]. - Cash received from investment recoveries increased by 95.80% to CNY 2,552,995,447.10 compared to CNY 1,303,885,013.44 in the previous year[53]. - The company reported a net cash outflow from investment activities of ¥23,520,809.13, compared to a smaller outflow of ¥3,150,751.99 in the previous year[122]. - The company achieved total investment income of ¥72,560.43 from bank financial products during the reporting period, with an ending investment balance of ¥6,620,000[61]. Operational Performance - The company's cement production volume increased by 69.22% year-on-year, while sales volume grew by 57.70%[36]. - The average selling price of cement in Yunnan province rose by 11.2% to CNY 358.07 per ton[30]. - The company's gross margin for cement business was -1.24%, down 9.93 percentage points year-on-year, indicating significant operational risks[36]. - The company's operating costs increased by 75.06%, mainly driven by a 75.24% rise in cement business costs[40]. - Cement sales volume increased by 57.70% to 69,045.29 tons, while production volume rose by 69.22% to 70,295.69 tons[45]. Market and Industry Context - The cement industry is closely tied to national economic growth and fixed asset investment, making it sensitive to macroeconomic cycles[28]. - Fixed asset investment in the company's region grew by 27.1%, significantly higher than the national average[30]. - The company faces significant industry risks due to overcapacity in the cement market and intense competition, which may impact profitability[68]. Shareholder and Corporate Governance - The company held its annual shareholder meeting, where 16 proposals were approved, ensuring compliance with legal and regulatory requirements[73]. - No profit distribution or capital reserve increase plans were proposed for the half-year period[74]. - The company did not experience any changes in its controlling shareholder or actual controller[95]. - The board of directors and senior management underwent elections, with new appointments made for key positions[98]. Environmental and Regulatory Compliance - The company has obtained a pollution discharge permit valid until November 28, 2020, with all monitored emissions meeting standards[86]. - The dust removal system for the 6 cement mill operated well during the reporting period, achieving compliant emissions[85]. - The company has implemented an environmental pollution accident emergency plan in accordance with relevant laws and regulations[87]. Financial Position and Assets - The company's total current assets were CNY 375,686,498.39, down from CNY 392,909,615.83 at the beginning of the period, reflecting a decrease of approximately 4.5%[106]. - The total liabilities decreased significantly to CNY 35,896,781.71 from CNY 46,540,230.96, indicating a reduction of approximately 22.9%[108]. - The company's cash and cash equivalents decreased to CNY 279,151,098.70 from CNY 322,984,473.80, a decline of about 13.6%[106]. - The total equity attributable to the parent company was CNY 660,629,109.84, a minor decrease from CNY 660,751,052.09[108]. Accounting and Financial Reporting - The financial statements are prepared based on the going concern assumption, indicating the company has sufficient operating funds for at least the next 12 months[150]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements accurately reflect its financial position and operating results as of June 30, 2018[152]. - The company recognizes revenue based on actual transactions and events, following specific accounting policies tailored to its operational characteristics[151]. Future Plans and Strategies - The company plans to continue reducing its stake in Xinjiang Zhonghe, although the timing and amount of potential gains remain uncertain due to market conditions[55]. - The company plans to establish a wholly-owned subsidiary in Yixing, Jiangsu, with an investment of 10 million RMB, focusing on hospital investment and management[70]. - The company emphasizes cost control in cement production to improve profitability and reduce energy consumption per unit product[68]. - The company aims to adopt proactive sales strategies to expand its market presence despite competitive pressures[68].
博闻科技(600883) - 2018 Q1 - 季度财报
2018-04-27 16:00
Financial Performance - Operating revenue for the period was ¥12,235,055.32, representing a significant increase of 119.56% year-on-year[7]. - Net profit attributable to shareholders was ¥1,951,861.66, a decrease of 94.94% compared to the same period last year[7]. - Basic earnings per share decreased by 94.92% to ¥0.0083 from ¥0.1633 in the previous year[7]. - The total comprehensive income for Q1 2018 was ¥2,399,151.54, down 91.77% from ¥29,146,150.43 in the same quarter last year[15]. - The company's investment income was ¥5,048,935.36, a substantial drop from ¥39,495,970.67, marking a decline of around 87%[33]. - The total profit for the current period was ¥1,951,861.66, compared to ¥35,960,536.52 in the previous period, a decline of approximately 94%[33]. - The company reported an operating profit of ¥2,041,791.66, down from ¥35,935,500.48, indicating a decrease of about 94%[33]. Cash Flow - The net cash flow from operating activities was negative at -¥582,759.98, a decline of 123.06% year-on-year[7]. - Cash inflow from sales of goods and services reached ¥15,098,470.10, a significant increase from ¥8,079,542.80 in the previous period, representing an increase of approximately 86.5%[40]. - Total cash inflow from operating activities was ¥16,151,891.30, compared to ¥9,045,523.71 in the previous period, reflecting an increase of about 78.5%[40]. - Total cash outflow from operating activities was ¥16,734,651.28, significantly higher than ¥6,518,757.56 in the prior period, indicating an increase of approximately 156.5%[40]. - The company reported a cash increase of ¥287,029.86 for the period, compared to a much larger increase of ¥63,472,850.52 in the previous period[41]. - The company’s cash flow from operating activities showed a net outflow for the current period, contrasting with a net inflow in the previous period, highlighting a shift in operational cash generation[40]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥710,903,993.47, a 0.51% increase compared to the previous year[7]. - Current assets decreased slightly to CNY 391,283,584.71 from CNY 392,909,615.83, a decline of about 0.41%[24]. - Total liabilities decreased to CNY 46,361,533.84 from CNY 46,540,230.96, a decline of about 0.39%[26]. - Owner's equity increased to CNY 664,542,459.63 from CNY 660,751,052.09, reflecting a growth of approximately 0.43%[26]. - The total number of shareholders at the end of the reporting period was 14,775[10]. Operational Efficiency - The company reported a significant decrease in net profit due to a drop in operational efficiency and increased costs[12]. - Operating costs also rose to ¥12,509,957.54, reflecting a 140.73% increase from ¥5,196,642.44 in the same period last year[14]. - The management reported a significant increase in sales expenses to ¥378,775.51 from ¥246,567.17, an increase of about 53%[33]. Investments - The company plans to establish a wholly-owned subsidiary with a registered capital of 10 million RMB for hospital investment and management[19]. - The company signed a power supply contract with Yunnan Baoshan Electric Power Co., Ltd., with a transaction amount of 1,078,888.88 RMB during the reporting period[17]. - The company engaged in reverse repurchase investments, generating an investment income of 530,799.42 RMB, with an ending investment balance of 0 RMB[18]. - The investment income from associates and joint ventures increased by 32.49% to ¥3,879,875.68, compared to ¥2,928,446.47 in the previous year[14]. Other Financial Metrics - The weighted average return on net assets dropped to 0.295%, down 5.396 percentage points from the previous year[7]. - Non-recurring gains and losses for the period totaled ¥787,856.96, primarily from government subsidies and investment income[9]. - The company achieved a fair value change loss of ¥72,177.56, contrasting with a gain of ¥17,411.96 in the previous period[33].