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宝胜股份:关于参加沪市风电产业链上市公司2022年年报集体业绩说明会的公告
2023-04-24 09:31
证券代码:600973 证券简称:宝胜股份 公告编号:2022-022 宝胜科技创新股份有限公司 关于参加沪市风电产业链上市公司 2022 年年报 集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示: http://roadshow.sseinfo.com/) 投资者可于 2023 年 4 月 25 日(星期二)至 5 月 4 日(星期四)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司投资者关系邮箱 2451652363@qq.com 进行提问。公司将会在说明会上对投资者普遍关注的问题进 行回答。 宝胜科技创新股份有限公司(以下简称"公司")已于 2023 年 3 月 15 日发 布公司 2022 年度报告,为便于广大投资者更全面深入地了解公司 2022 年度经营 成果、财务状况,同时更加充分地向投资者展示风电产业链发展情况,公司计划 于 2023 年 5 月 5 日上午 9:00-10:00 参加沪市主板风电产业链上市公司 2022 年 年报集体业绩说明会,就投 ...
宝胜股份(600973) - 2022 Q4 - 年度财报
2023-03-14 16:00
Financial Performance - The company reported a net loss of ¥76,241,435.40 as of December 31, 2022, indicating no distributable profits for the year[5]. - The company's operating revenue for 2022 was CNY 41.48 billion, a decrease of 3.51% compared to CNY 42.99 billion in 2021[24]. - The net profit attributable to shareholders was CNY 64.75 million, a significant decline from a loss of CNY 762.76 million in the previous year[24]. - The basic earnings per share for 2022 was CNY 0.05, recovering from a loss of CNY 0.56 per share in 2021[25]. - The weighted average return on equity increased to 1.75%, up by 19.13 percentage points from -17.38% in 2021[25]. - The total assets at the end of 2022 were CNY 21.19 billion, reflecting a 1.57% increase from CNY 20.86 billion at the end of 2021[24]. - The cash flow from operating activities was CNY 399.68 million, down 11.42% from CNY 451.21 million in 2021[24]. - The company reported a significant increase in derivative financial assets, with a year-end balance of CNY 41.12 million, up from CNY 9.63 million at the beginning of the year[31]. - The company achieved a new sales figure of over 21 million yuan from new products in the aerospace sector, including ARJ21 and C919 aircraft[54]. - The company reported a total of 7,799 employees, with 3,377 in the parent company and 4,422 in major subsidiaries[113]. Governance and Compliance - The company received a standard unqualified audit report from Da Xin Accounting Firm, ensuring the accuracy and completeness of the financial statements[4]. - The company held one annual general meeting and two extraordinary general meetings during the reporting period, ensuring compliance with relevant laws and regulations[90]. - The board of directors was restructured, increasing from 8 to 11 members, with independent directors rising from 3 to 4, meeting legal requirements[91]. - A total of 11 board meetings were held during the reporting period, with 10 meetings for the seventh board and 1 for the eighth board[92]. - The supervisory board, consisting of 5 members, held 6 meetings, ensuring compliance and oversight of the company's operations and financial activities[92]. - The company has established a robust internal control system to improve risk prevention capabilities and ensure compliance with operational standards[93]. - The company actively engaged with investors through various communication channels, emphasizing fair treatment and protection of investor rights[93]. - The company has independent directors and their roles are clearly defined within the governance structure[100]. - The company has a structured approach to managing executive compensation, ensuring alignment with performance metrics[102]. - The company has not reported any significant changes in its financial structure or shareholding during the reporting period[96]. Market and Industry Insights - The cable industry in China has become the second-largest supporting industry in the national economy, with annual sales revenue exceeding 1 trillion yuan[43]. - The market share of the top ten cable companies in China is less than 10%, compared to over 70% in the US and 65% in Japan, indicating a low industry concentration[44]. - The offshore wind power sector in China saw a record bidding scale of 25GW in 2022, marking a significant year-on-year increase[46]. - The cumulative installed capacity of offshore wind power in China is expected to exceed 40GW from 2023 to 2025, with a projected new installed capacity of 10GW in 2023, doubling year-on-year[46]. - The market for submarine cables, which account for 10%-12% of total offshore wind investment, is expected to grow, reaching 38.5 billion yuan by 2025[48]. - The cost of photovoltaic power generation has decreased by over 90% globally in the past decade, making it the most competitive energy source[49]. - The installed capacity of distributed photovoltaic systems in China has increased from 6.06 million kW in 2015 to over 100 million kW, with its share of total photovoltaic capacity rising to over 35%[50]. - The Chinese government has implemented various policies to support the development of distributed photovoltaic projects, indicating a strong growth outlook for the industry[50]. - The offshore wind power market is expected to see significant demand growth due to local subsidy policies and the achievement of grid parity in some regions[46]. - The aerospace cable industry is anticipated to experience substantial market growth due to the acceleration of military aircraft upgrades during the 14th Five-Year Plan[50]. Strategic Initiatives and Developments - The company established a new energy project department in August, securing orders worth CNY 230 million within four months and successfully developing new clients in the wind and solar energy sectors[36]. - The company’s marketing strategy led to a successful bid for a CNY 700 million framework contract with China Metallurgical Group and multiple significant projects, including support for the 2022 Beijing Winter Olympics[38]. - The company initiated 108 process improvement projects, completed 88, and applied for 68 utility model patents and 20 invention patents, achieving a new record in patent authorizations[39]. - The company reduced outstanding receivables from 2.903 billion yuan at the beginning of the year to 2.36 billion yuan by year-end, a decrease of 18.5%[54]. - The company improved its cash flow situation significantly, recovering 1.5 billion yuan in difficult receivables[54]. - The company is committed to transforming from a product manufacturer to a service-oriented manufacturer through systematic integration[86]. - The company is focusing on six key areas: marketing, technology, quality, safety, cost, and party building[86]. - The company plans to optimize its product structure and enhance profitability by leveraging opportunities in new infrastructure and renewable energy markets[87]. - The company has committed to improving its information disclosure practices to avoid future delays in performance announcements[139]. - The company has taken legal actions against customers to recover overdue payments, indicating a proactive approach to managing receivables[139]. Social Responsibility and Environmental Initiatives - The company has implemented internal control measures, with no significant deficiencies reported during the period[117]. - The company has established an environmental protection mechanism but did not disclose specific investment amounts for environmental protection during the reporting period[118]. - The company has actively implemented green office practices and circular production, significantly reducing energy consumption and water usage in its operations[127]. - In 2022, the company purchased over 1 million yuan worth of agricultural products to support poverty alleviation efforts, demonstrating its commitment to social responsibility[127]. - The company raised 360,200 yuan through charitable donations and contributed 11,480 yuan to the local Red Cross, reflecting its engagement in community support initiatives[127]. - The company has committed to avoiding any competition with its listed subsidiaries and ensuring fair treatment of all subsidiaries during its control period[131]. - The company has emphasized the importance of adhering to environmental regulations and minimizing its impact on the environment through waste recycling and treatment processes[127]. - The company recognizes the need for ongoing efforts to meet stakeholder expectations regarding social responsibility and sustainable development[128]. - The company has actively participated in volunteer activities, including blood donation drives and support for underprivileged families[127]. Risks and Challenges - The company has outlined potential industry and market risks in the report, emphasizing the need for investor awareness[9]. - The company is addressing potential risks, including policy risks and market competition risks in the wire and cable industry, which has over 10,000 enterprises[87]. - The company faces risks related to the shortage of core technical personnel, which could impact its competitive advantage[88]. - The company recognized impairment signs for overdue commercial acceptance bills due to customer financial difficulties, leading to cautious impairment provisioning[139]. - The company has no significant litigation or arbitration matters in the current year[138]. - The company has not reached the original profit forecast for its assets or projects during the reporting period, but this is not applicable[134]. - The company has no plans to take measures against delisting risks, as there are no applicable situations[138].
宝胜股份(600973) - 2022 Q1 - 季度财报
2022-04-29 16:00
Financial Performance - The company's operating revenue for Q1 2022 was ¥9,985,013,804.75, representing an increase of 11.52% compared to the same period last year [6] - Net profit attributable to shareholders of the listed company decreased by 60.53% to ¥37,851,081.94 due to a decline in high-value orders and increased fixed costs related to the pandemic [11] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 74.73% to ¥22,930,496.09 [11] - Basic and diluted earnings per share were both ¥0.028, down 60.57% year-on-year [11] - Total operating revenue for Q1 2022 reached ¥9,985,013,804.75, an increase of 11.5% compared to ¥8,953,352,923.65 in Q1 2021 [29] - Net profit for Q1 2022 was ¥37,540,764.75, a decrease of 68.1% from ¥117,713,018.87 in Q1 2021 [29] - Earnings per share for Q1 2022 were ¥0.028, down from ¥0.070 in Q1 2021 [31] - The company reported a total comprehensive income of ¥100,240,941.33 for Q1 2022, down from ¥181,812,203.75 in Q1 2021 [31] Assets and Liabilities - Total assets at the end of the reporting period were ¥21,990,505,898.75, an increase of 5.97% from the end of the previous year [9] - Total assets amounted to ¥21,990,505,898.75, compared to ¥20,752,024,462.86 in the previous year, marking an increase of around 6.0% [23] - Total liabilities increased to ¥17,233,878,854.58, up from ¥16,098,993,917.75, which is an increase of approximately 7.1% [23] - Total current assets increased to ¥14,684,580,519.34 in Q1 2022, up from ¥13,498,123,893.22 in Q1 2021, representing a growth of approximately 8.8% [20] - Cash and cash equivalents reached ¥4,077,969,296.67, compared to ¥3,821,867,905.00 in the previous year, indicating an increase of about 6.7% [20] - Accounts receivable rose to ¥5,994,787,747.88, up from ¥4,728,408,591.67, reflecting a significant increase of approximately 26.8% [20] - Total liabilities increased to ¥17,233,878,854.58 in Q1 2022 from ¥16,097,993,917.75 in Q1 2021 [25] - Total equity rose to ¥4,756,627,044.17 in Q1 2022, compared to ¥4,654,030,545.11 in Q1 2021, marking an increase of 2.2% [25] Cash Flow - Cash flow from operating activities in Q1 2022 was ¥10,098,886,446.73, compared to ¥8,912,109,898.50 in Q1 2021, indicating a growth of 13.2% [31] - The net cash flow from operating activities was -931,269,530.94, an improvement from -1,349,350,769.82 in the previous period, indicating a reduction in cash outflow [35] - Total cash inflow from financing activities was 4,171,035,141.25, compared to 4,685,140,163.61 in the prior period, reflecting a decrease of approximately 11% [35] - The net cash flow from financing activities was 1,378,939,895.56, down from 1,547,860,363.48, showing a decline of about 11% [37] - Cash and cash equivalents at the end of the period totaled 2,431,985,203.16, an increase from 1,763,835,912.66, representing a growth of approximately 38% [37] - The total cash outflow from investing activities was 201,813,596.79, compared to 256,837,851.23 in the previous period, indicating a decrease of about 22% [35] - The total cash inflow from operating activities was 10,203,657,448.44, up from 9,058,749,372.10, marking an increase of approximately 13% [35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,333 [12] - The largest shareholder, Baosheng Group Co., Ltd., held 31.90% of the shares, totaling 437,406,433 shares [12] Research and Development - Research and development expenses for Q1 2022 were ¥139,181,004.56, up from ¥113,846,586.85 in Q1 2021, reflecting a growth of 22.2% [29] Non-Recurring Gains - Non-recurring gains included government subsidies amounting to ¥16,827,524.27 [9]
宝胜股份(600973) - 2021 Q4 - 年度财报
2022-03-14 16:00
Financial Performance - In 2021, the company's operating revenue reached RMB 42,878,357,807.26, an increase of 25.07% compared to RMB 34,284,215,420.93 in 2020[20] - The net profit attributable to shareholders of the listed company was RMB -762,988,864.54, representing a decrease of 435.91% from RMB 227,141,875.43 in the previous year[20] - Basic earnings per share decreased to -0.56 CNY, a decline of 429.41% compared to 2020[22] - The company reported a net profit attributable to shareholders of -1.049 billion CNY in Q4 2021[24] - The company reported a net profit for 2021 was a loss of ¥645.91 million, compared to a profit of ¥264.47 million in 2020, indicating a significant decline[173] - The company incurred a credit impairment loss of CNY 1,293,825,855.48 in 2021, a significant increase from a gain of CNY 25,621,614.16 in 2020, indicating rising credit risks[176] - The company reported a net loss of approximately CNY 451.97 million, compared to a loss of CNY 872.60 million in the previous year, indicating an improvement of around 48%[190] Cash Flow and Assets - The net cash flow from operating activities was RMB 437,635,519.16, a significant improvement from RMB -157,766,252.84 in 2020[20] - The total assets at the end of 2021 were RMB 20,752,024,462.86, a slight decrease of 0.47% from RMB 20,850,440,570.01 at the end of 2020[21] - The company's cash and cash equivalents increased to CNY 3,821,867,905.00 from CNY 3,574,910,162.81, reflecting a growth of about 6.9%[163] - The company's accounts receivable increased to CNY 4,728,408,591.67 from CNY 3,843,248,139.93, reflecting a growth of approximately 23.0%[163] - The total liabilities rose to CNY 16,097,993,917.75, compared to CNY 14,934,935,385.86 in 2020, representing an increase of approximately 7.8%[165] - The total cash outflow from operating activities was CNY 46,351,903,116.66, compared to CNY 38,819,961,414.25 in 2020, indicating increased operational expenditures[179] Investments and R&D - Research and development expenses increased by 44.55% to ¥718,512,912.59, reflecting a rise in investment in innovation[52] - The company completed 224 technology projects, with 88 projects concluded during the year[45] - The company plans to invest approximately 680 million RMB to construct an innovation research and sales center in Yangzhou, covering an area of about 16.86 million square meters[132] - The company is investing in new product development, with a budget allocation of 4,988,739.23 for R&D initiatives[199] Market and Industry Outlook - The company has identified various industry and market risks that may impact future performance, as detailed in the report[7] - The demand for high-voltage and ultra-high-voltage cables is expected to grow significantly due to the increasing need for large-scale power transmission and the construction of new power grids[35] - In 2021, China's offshore wind power installations accounted for over 50% of the global new installations, positioning China as the second-largest offshore wind market globally[39] - The military drone market is projected to reach 770 million yuan during the 14th Five-Year Plan period, driven by increased procurement and development efforts[41] Governance and Compliance - The company is committed to maintaining transparency and has ensured that all board members attended the board meeting to approve the report[4] - The audit report issued by Da Xin Accounting Firm confirmed the accuracy and completeness of the financial statements[5] - The company held one annual general meeting and three extraordinary general meetings during the reporting period, ensuring compliance with legal requirements[85] - The board of directors consists of 8 members, including 3 independent directors, complying with legal requirements[86] - The company has not faced significant differences in governance compared to regulatory requirements[88] Strategic Initiatives - The company plans to implement a three-year rolling plan for digital transformation from 2021 to 2023[33] - The company aims to enhance its core competitiveness by focusing on internationalization, high-end, specialization, informatization, and service-oriented strategies[78] - The company plans to optimize product structure and enhance profitability by seizing opportunities in new infrastructure and renewable energy markets[79] - The company is focusing on technological innovation and quality improvement as part of its strategic initiatives to enhance operational efficiency and management standards[42] Social Responsibility and Community Engagement - The company conducted volunteer services for COVID-19 prevention, enhancing employee awareness and community support[118] - The company recognized the need for ongoing improvement in fulfilling social responsibilities compared to stakeholder expectations[119]
宝胜股份(600973) - 2021 Q3 - 季度财报
2021-10-29 16:00
2021 年第三季度报告 单位:亿元 币种:人民币 证券代码:600973 证券简称:宝胜股份 宝胜科技创新股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示: 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整, 不存在虚假记载、误导性陈述或重大遗漏,并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------|----------|-------------------|--------|--------------------------------------- ...
宝胜股份(600973) - 2021 Q2 - 季度财报
2021-08-30 16:00
Financial Performance - The company's operating revenue for the first half of 2021 reached ¥20,587,773,245.84, representing a 29.15% increase compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥193,264,920.63, a 46.47% increase year-on-year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥189,328,201.72, reflecting a 58.26% increase compared to the previous year[22]. - Basic earnings per share increased by 46.88% to CNY 0.141 compared to the same period last year[23]. - Diluted earnings per share also rose by 46.88% to CNY 0.141 year-on-year[23]. - The company reported a net profit for the first half of 2021 of ¥232,510,788.01, compared to ¥143,217,515.87 in the first half of 2020, representing a 62.5% increase[116]. - The total profit for the first half of 2021 was CNY 130,068,406.56, compared to CNY 108,307,002.28 in the first half of 2020, reflecting a growth of 20.1%[121]. Cash Flow and Financial Position - The net cash flow from operating activities was -¥1,129,018,092.09, indicating a significant cash outflow compared to the previous year[22]. - The company reported a net cash flow from operating activities of -¥1,129,018,092.09, reflecting challenges in cash collection due to increased raw material purchases[47]. - Cash and cash equivalents as of June 30, 2021, were approximately ¥3.13 billion, down from ¥3.57 billion at the end of 2020[100]. - The company's cash and cash equivalents at the end of the period stood at CNY 1,683,558,671.39, down from CNY 1,918,733,076.37 at the end of the first half of 2020[127]. - The total cash and cash equivalents at the end of the period was 707,906,682.90 RMB, down from 891,552,009.02 RMB at the beginning of the period, reflecting a net decrease of 186,822,086.79 RMB[135]. - The company’s total liabilities reached ¥17,597,610,054.95, up from ¥14,934,935,385.87, indicating an increase of around 17.8%[105]. - The total equity attributable to shareholders decreased to ¥4,535,222,476.72 from ¥4,974,181,878.84, a decline of about 8.8%[105]. Research and Development - The company is focusing on new product and technology development to meet customer demands and improve product quality[28]. - The company's research and development expenses increased by 46.25% to ¥290,621,863.66 from ¥198,717,939.46, reflecting a significant investment in innovation[47]. - The company has undertaken 20 national-level projects and over 100 provincial-level projects, showcasing its commitment to technological advancement[37]. - The company has a significant focus on research and development of new products and technologies to drive future growth and market expansion[55]. Market Strategy and Operations - The company adopted a "R&D + production + marketing + service" business model to enhance product and market structure[28]. - The company is implementing a "2236" marketing transformation strategy to enhance its sales model[28]. - The company has established a comprehensive marketing network with 11 major regions, 27 regional marketing companies, and 63 stationed marketing companies, employing nearly 700 sales personnel[38]. - The company plans to expand its market presence through strategic acquisitions and investments in subsidiaries, enhancing its operational capabilities[55]. Assets and Liabilities - Total assets increased by 10.82% to ¥23,105,267,004.39 compared to the end of the previous year[22]. - The company's total assets increased to ¥23,105,267,004.39, up from ¥20,850,018,718.42, representing a growth of approximately 10.8% year-over-year[103]. - Non-current liabilities rose to ¥2,575,221,389.31, compared to ¥1,635,100,387.80, marking an increase of about 57.5%[103]. - Current liabilities increased significantly to ¥15,022,388,665.64 from ¥13,299,834,998.07, reflecting a growth of approximately 12.9%[103]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 35,696[90]. - The largest shareholder, Baosheng Group Co., Ltd., held 437,406,433 shares, accounting for 31.90% of total shares[90]. - Baosheng Group holds 146,716,819 shares of Baosheng Co., and will not reduce its holdings in the six months prior to the pricing benchmark of the non-public offering[77]. - Baosheng Group holds 437,406,433 shares of Baosheng Co., and will not reduce its holdings in the thirty-six months following the completion of the non-public offering[77]. Compliance and Governance - The company did not distribute profits or increase capital reserves in the first half of the year, with no dividends or stock bonuses proposed[68]. - There were no changes in the company's board, supervisors, or senior management during the reporting period[68]. - The company has committed to avoiding competition with its listed subsidiary and will take necessary measures to prevent conflicts of interest[74]. - The company will manage related transactions with its listed subsidiary according to market principles and ensure fair pricing[74]. - There are no major litigation or arbitration matters during the reporting period[80]. - The company has not received any penalties or corrective actions related to illegal activities by its directors, supervisors, senior management, or controlling shareholders[80]. Environmental and Social Responsibility - There are no updates on environmental information or measures taken to reduce carbon emissions during the reporting period[72]. - The company has not disclosed any employee stock ownership plans or other incentive measures[68]. - The company has not made any commitments related to environmental protection or social responsibility during the reporting period[70]. Financial Instruments and Accounting Policies - The company classifies joint arrangements into joint operations and joint ventures based on rights and obligations, applying equity method accounting for joint ventures[181]. - The company recognizes its share of assets and liabilities in joint operations, confirming revenue from the sale of joint operation outputs based on its share[184]. - Financial assets are classified into three categories: measured at amortized cost, measured at fair value with changes recognized in other comprehensive income, and measured at fair value with changes recognized in profit or loss[190]. - The company uses the effective interest method for subsequent measurement of financial assets measured at amortized cost, with gains or losses recognized in profit or loss[190].
宝胜股份(600973) - 2020 Q4 - 年度财报
2021-03-14 16:00
Financial Performance - The company's operating revenue for 2020 was CNY 34,138,495,290.67, representing a 2.57% increase from CNY 33,282,921,832.46 in 2019[24]. - The net profit attributable to shareholders of the listed company was CNY 218,513,116.57, a 41.87% increase compared to CNY 154,025,604.03 in 2019[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 162,152,025.78, reflecting a 21.00% increase from CNY 134,012,682.19 in 2019[24]. - Basic earnings per share for 2020 increased to CNY 0.16, a 23.08% increase compared to CNY 0.13 in 2019[28]. - The net profit attributable to shareholders for Q2 2020 was CNY 83,841,789.98, while Q3 2020 saw a slight decrease to CNY 79,934,731.76[29]. - The total operating income for Q4 2020 was CNY 9,168,831,429.18, showing a consistent revenue stream throughout the year[29]. - The weighted average return on equity for 2020 was 4.69%, an increase of 0.55 percentage points from 4.14% in 2019[28]. - The company reported a net profit of CNY 10,855,848.28 in Q4 2020, a significant drop compared to previous quarters[29]. - The company achieved a total revenue of ¥34,138,495,290.67 in 2020, representing a year-on-year growth of 2.57%[47]. - The net profit attributable to shareholders increased to ¥218,513,116.57, marking a significant rise of 41.87% compared to the previous year[47]. - The company reported a decrease in employee compensation payable to ¥23.08 million in 2020 from ¥29.42 million in 2019, a decline of about 21.5%[189]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 128,067,923.59, a decrease of 363.17% compared to positive CNY 48,663,173.57 in 2019[24]. - The net cash flow from operating activities in Q4 2020 was CNY 634,544,365.42, indicating a recovery from negative cash flow in earlier quarters[29]. - The company's total assets increased, with a notable rise in fixed asset purchases contributing to an investment cash flow of -1,085,670,334.94 CNY[62]. - Current assets increased to ¥13.31 billion in 2020 from ¥11.26 billion in 2019, representing a growth of approximately 18.2%[187]. - Cash and cash equivalents rose to ¥3.41 billion in 2020, up from ¥2.77 billion in 2019, marking an increase of about 23.1%[187]. - Total assets reached ¥19.88 billion in 2020, up from ¥16.98 billion in 2019, indicating an increase of approximately 17.4%[189]. - Total liabilities increased to ¥14.44 billion in 2020, compared to ¥12.08 billion in 2019, reflecting a growth of around 19.6%[189]. - Long-term borrowings surged to ¥1.39 billion in 2020 from ¥0.63 billion in 2019, representing a significant increase of about 119.5%[189]. Investments and R&D - The company launched 335 technology projects in 2020, completing 127 projects, and applied for 153 patents, including 32 invention patents[45]. - Research and development expenses amounted to 494,080,781.72 CNY, representing 1.45% of total revenue, with a year-on-year increase of 16.46%[60]. - The company employed 1,193 R&D personnel, which is 17.69% of the total workforce, indicating a strong focus on innovation[60]. - The company plans to enhance its technological innovation capabilities by accelerating the establishment of innovation platforms and R&D centers, including a national laboratory for submarine cables and optical cables[76]. Market Position and Strategy - The company maintained its position as a leading player in the cable industry, ranking among the top 10 most competitive companies in China's cable sector for five consecutive years[40]. - The company implemented a "2236" marketing strategy, enhancing its market capture and control capabilities[36]. - The company is focusing on expanding its market presence in new infrastructure projects, particularly in 5G, data centers, and artificial intelligence, leveraging its status as a state-owned enterprise[76]. - The company aims to strengthen its marketing transformation by enhancing its marketing network and focusing on high-quality sales strategies[76]. Risks and Challenges - The company has outlined potential industry and market risks in its report, advising investors to be cautious[8]. - The company anticipates risks related to policy changes, market competition, and reliance on key customers in the telecommunications and power sectors[81]. - The company has identified a potential risk of core technical personnel shortages due to increasing competition for skilled talent in the wire and cable industry[82]. - The company faced challenges in the offshore wind power sector, with a supply-demand imbalance and rising costs for components and construction[36]. Corporate Governance and Compliance - The company received a standard unqualified audit report from Zhongshen Zhonghuan Accounting Firm[5]. - The internal control audit was conducted by Zhongzheng Zhonghuan Accounting Firm with a fee of 350,000 RMB[97]. - The company has established a governance structure that meets the requirements of the China Securities Regulatory Commission[159]. - The company’s independent board and supervisory board operate independently, ensuring compliance and protecting shareholder rights[162]. - The company has no major litigation or arbitration matters during the year[95]. Shareholder Information - The total number of ordinary shares is 1,222,112,517, with 149,253,731 new shares issued, representing 10.88% of the total[120]. - The largest shareholder, Baosheng Group Co., Ltd., holds 31.90% of the shares, totaling 437,406,433 shares[127]. - The company plans to use part of the raised funds to supplement working capital, alleviating cash flow pressure from bank loan repayments[126]. - Baosheng Group holds 437,406,433 shares of Baosheng Co., and will not reduce its holdings within 36 months after the private placement[94].
宝胜股份(600973) - 2020 Q3 - 季度财报
2020-10-30 16:00
2020 年第三季度报告 公司代码:600973 公司简称:宝胜股份 宝胜科技创新股份有限公司 2020 年第三季度报告 1 / 25 2020 年第三季度报告 重要提示 í in in 公司基本情况. 重要事项 四、 附录 目录 2 / 25 2020 年第三季度报告 单位:元 币种:人民币 3 / 25 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准 确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和连带的法 律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人杨泽元、主管会计工作负责人卜荣及会计机构负责人(会计主管人员) 卜荣保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |------------------------------|------------------------------|------------------------------------|-------------- ...
宝胜股份(600973) - 2020 Q2 - 季度财报
2020-08-28 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥15.74 billion, representing a 7.06% increase compared to ¥14.71 billion in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2020 was approximately ¥127.72 million, which is a 22.96% increase from ¥103.87 million in the previous year[20]. - The basic earnings per share for the first half of 2020 were ¥0.093, up 9.41% from ¥0.085 in the same period last year[23]. - The diluted earnings per share also stood at ¥0.093, reflecting the same percentage increase of 9.41% compared to the previous year[23]. - The total profit for the period was CNY 173,800,049.29, an increase of 11.43% compared to CNY 155,604,541.74 in the same period last year[102]. - The company achieved a net profit of CNY 141,430,549.01, which is an increase of 18.63% compared to CNY 119,193,202.42 in the previous year[102]. Cash Flow - The net cash flow from operating activities was negative at approximately -¥439.69 million, a significant decrease compared to a positive cash flow of ¥536.69 million in the same period last year, reflecting a decline of 181.93%[20]. - The company reported a decrease in cash flow from operating activities, indicating potential liquidity challenges that may affect future operations[20]. - The net cash flow from operating activities decreased to -439,689,874.02 RMB in the first half of 2020, compared to 536,688,757.02 RMB in the same period of 2019, representing a decline of approximately 181.9%[112]. - Cash outflow from operating activities increased to 17,699,850,557.77 RMB, compared to 20,037,674,291.94 RMB in the first half of 2019, indicating a decrease of about 11.7%[112]. - The net cash flow from financing activities increased by 355.25% to 1,575,402,397.81 RMB, driven by increased investment cash inflows and bank loans[40]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥19.31 billion, an increase of 13.72% from ¥16.98 billion at the end of the previous year[20]. - The total current liabilities increased to ¥12.16 billion from ¥10.66 billion, reflecting a rise of about 14.1%[89]. - The company's total liabilities reached approximately ¥13.87 billion, up from ¥12.08 billion, indicating an increase of about 14.8%[91]. - The company's total equity rose to approximately ¥5.44 billion, compared to ¥4.90 billion, marking an increase of around 11.1%[91]. - The company's total cash and cash equivalents at the end of the period amounted to 1,708,007,208.58 RMB[43]. Expenses - Operating costs rose to ¥14,755,071,864.50, reflecting a 7.97% increase year-on-year[37]. - Sales expenses decreased by 5.61% to ¥210,691,681.76, while management expenses increased by 2.13% to ¥167,244,818.21[37]. - Financial expenses saw a significant reduction of 19.46%, amounting to ¥208,814,427.17[37]. - Research and development expenses remained stable at ¥196,888,888.25, a slight decrease of 0.37%[37]. Market and Competition - The company faces increased competition in the wire and cable market, with foreign companies extending their reach into the mid-to-low end market, putting pressure on domestic firms[48]. - The company aims to maintain stable existing customers while actively exploring new business areas and cultivating strategic clients to enhance risk resistance[48]. - The company is focusing on enhancing its R&D capabilities and optimizing existing products to strengthen market position[26]. Shareholder Information - The company has not proposed any profit distribution or capital reserve transfer for the half-year period[54]. - The company issued 149,253,731 new shares at a price of RMB 3.35 per share, raising a total of RMB 499,999,998.85[74]. - The largest shareholder, Baosheng Group Co., Ltd., holds 437,406,433 shares, accounting for 31.90% of the total[75]. - The number of shareholders holding ordinary shares reached 21,213 by the end of the reporting period[75]. Accounting and Compliance - The company has implemented a new revenue recognition policy effective from January 1, 2020, which is not expected to have a significant impact on the financial results for the current or previous years[70]. - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring transparency and accuracy[145]. - The company has assessed its ability to continue as a going concern for the next 12 months, indicating financial stability[144]. Risks and Challenges - The company faces risks related to macroeconomic fluctuations that may impact market demand[46]. - Accounts receivable have been increasing, raising concerns about potential bad debts due to slower customer payment speeds from certain downstream industries[49]. - Raw material costs, particularly for copper rods, account for over 70% of production costs, making the company vulnerable to price fluctuations[49].
宝胜股份(600973) - 2020 Q1 - 季度财报
2020-04-29 16:00
2020 年第一季度报告 公司代码:600973 公司简称:宝胜股份 宝胜科技创新股份有限公司 2020 年第一季度报告 1 / 18 2020 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |----------------| | | | 重要提示 . | | 公司基本情况 . | | 重要事项 . | | 附录 . | 2 / 18 2020 年第一季度报告 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整, 不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人杨泽元、主管会计工作负责人卜荣及会计机构负责人(会计主管人员)卜荣保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |------------------------------------------------|-------------------|-------- ...