HXGF(603115)

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海星股份(603115) - 2022 Q3 - 季度财报
2022-10-26 16:00
Financial Performance - The company's operating revenue for Q3 2022 was ¥374,894,304.02, a decrease of 14.24% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥54,837,860.30, down 24.13% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥36,443,808.73, a decline of 46.85% compared to the previous year[5] - Basic and diluted earnings per share for Q3 2022 were both ¥0.23, representing a decrease of 34.29%[6] - The weighted average return on equity for Q3 2022 was 2.80%, a decrease of 3.22 percentage points from the previous year[6] - Total operating revenue for the first three quarters of 2022 reached RMB 1,317,803,996.84, an increase of 8.57% compared to RMB 1,213,892,116.92 in the same period of 2021[18] - The company reported a net profit of RMB 176,104,599.36 for the first three quarters of 2022, compared to RMB 176,333,543.65 in the same period of 2021, indicating a slight decrease of 0.13%[18] - The net profit for Q3 2022 was CNY 187,064,000.51, an increase of 16.9% compared to CNY 160,037,838.47 in Q3 2021[19] - The total comprehensive income for Q3 2022 reached CNY 198,174,410.66, up from CNY 159,371,288.66 in the same period last year, reflecting a growth of 24.4%[20] - The total operating profit for Q3 2022 was CNY 212,516,669.61, compared to CNY 184,749,391.94 in the same quarter of the previous year, marking an increase of 15.0%[19] - The company reported a total profit of CNY 212,125,450.04 for Q3 2022, up from CNY 184,223,351.70 in Q3 2021, reflecting a growth of 15.2%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,433,140,921.87, an increase of 3.82% compared to the end of the previous year[6] - The company's total assets as of September 30, 2022, amounted to RMB 2,433,140,921.87, compared to RMB 2,343,673,292.39 at the end of 2021, reflecting a growth of 3.84%[18] - Total liabilities increased to RMB 437,998,354.40, up from RMB 354,205,535.58, representing a rise of 23.6%[17] - The company's equity attributable to shareholders reached RMB 1,995,142,567.47, compared to RMB 1,976,215,905.07 at the end of 2021, showing an increase of 0.96%[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥192,849,670.16, an increase of 44.29%[6] - Operating cash flow for the first nine months of 2022 was CNY 192,849,670.16, compared to CNY 133,655,734.21 in the previous year, indicating a year-over-year increase of 44.2%[23] - The company reported cash inflows from operating activities totaling CNY 1,007,671,388.36 for the first nine months of 2022, up from CNY 880,483,653.58 in the same period last year[23] - Investment activities generated a net cash inflow of CNY 124,805,012.86 in the first nine months of 2022, compared to a net outflow of CNY 33,494,292.17 in the previous year[24] - The company’s cash and cash equivalents at the end of Q3 2022 amounted to CNY 528,531,007.80, an increase from CNY 226,025,311.05 at the end of Q3 2021[24] - Cash and cash equivalents stood at RMB 659,877,307.81, an increase from RMB 510,001,419.75 at the end of 2021, marking a growth of 29.3%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,473[10] Challenges and Future Plans - The company faced challenges due to power restrictions and decreased market demand, impacting production capacity utilization[9] - Government subsidies recognized in the current period amounted to ¥17,863,554.52, with a total of ¥24,612,537.60 recognized year-to-date[9] - Research and development expenses increased to RMB 94,668,682.02, representing a rise of 29.2% from RMB 73,309,699.36 in the same period of 2021[18] - The company plans to continue expanding its market presence and invest in new technologies to enhance its competitive edge[18]
海星股份(603115) - 2022 Q2 - 季度财报
2022-08-15 16:00
Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥942.91 million, representing a year-on-year increase of 21.40% compared to ¥776.73 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥132.23 million, a year-on-year increase of 52.53% from ¥86.69 million[17]. - The net cash flow from operating activities increased by 101.21% year-on-year, reaching approximately ¥141.78 million, up from ¥70.46 million in the previous year[17]. - Basic and diluted earnings per share for the first half of 2022 were ¥0.5528, reflecting a growth of 32.63% compared to ¥0.4168 in the same period last year[17]. - The net profit after deducting non-recurring gains and losses was approximately ¥119.97 million, an increase of 48.41% from ¥80.84 million in the previous year[17]. - The company achieved operating revenue of 942.91 million RMB, a year-on-year increase of 21.4%[34]. - Net profit attributable to shareholders reached 132 million RMB, reflecting a year-on-year growth of 52.53%[30]. - The company reported a significant increase in notes payable, which rose to ¥75,805,670.94, a 693.78% increase compared to the previous year[36]. - The company's total liabilities rose to RMB 600,614,295.40 from RMB 354,205,535.58, marking an increase of around 69.5%[94]. Assets and Liabilities - The company's total assets as of the end of the reporting period were approximately ¥2.53 billion, an increase of 8.14% from ¥2.34 billion at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥1.93 billion, a decrease of 2.15% from ¥1.98 billion at the end of the previous year[17]. - The company's cash and cash equivalents increased to ¥742,423,100.04, representing 29.29% of total assets, up 45.57% from the previous year[36]. - The company's total equity attributable to shareholders decreased to RMB 1,933,758,189.33 from RMB 1,976,215,905.07, a decline of about 2.14%[94]. - The company's total liabilities as of June 30, 2022, were ¥623,631,924.51, compared to ¥411,803,010.30 at the end of 2021[98]. Research and Development - The company has a research and development expense ratio of 6.91% of revenue for the first half of 2022, indicating a significant investment in innovation[28]. - Research and development expenses increased by 45.93% to 65.19 million RMB, driven by enhanced product quality initiatives[34]. - The company filed 19 patents in the first half of the year, including 10 invention patents and 3 international PCT patents[31]. - The company has established a national enterprise technology center and holds over 200 patents, enhancing its technological capabilities[27]. Market Position and Strategy - The company specializes in the production of electrode foil for aluminum electrolytic capacitors, which constitutes 30% to 60% of the total cost of these capacitors[25]. - The company is a leading manufacturer in the domestic electrode foil industry, with a full range of low, medium, and high voltage products, primarily targeting high-end markets[26]. - The company’s customer base includes the top ten global aluminum capacitor manufacturers, indicating strong market positioning[26]. - The company is actively pursuing strategic procurement and enhancing delivery capabilities for high-end products[32]. Environmental Responsibility - The company has established a comprehensive environmental protection system, including waste treatment facilities and online monitoring systems, ensuring compliance with pollution discharge standards[56]. - The company has been recognized as a national green factory and included in the list of exemplary enterprises for environmental protection, achieving a "green" credit rating[61]. - The company has conducted emergency drills for environmental incidents and has a response plan in place, ensuring preparedness for potential environmental emergencies[59]. - The company has reported a total wastewater discharge of 810,000 tons in the first half of 2022, with all monitored pollutants meeting discharge standards[54]. Shareholder and Corporate Governance - The company has committed to maintaining environmental standards and has invested in clean production technologies to reduce pollution[64]. - The company has a commitment to extend the lock-up period for shares if stock prices fall below the initial public offering price, ensuring shareholder confidence[67]. - The company reported a lock-up period for shareholders lasting 36 months from the date of listing, with a commitment to not transfer shares during this period[68]. - The company has committed to not engaging in any business that directly competes with its existing products, both domestically and internationally[69]. Financial Management and Taxation - The company benefits from a corporate income tax rate of 15% due to its recognition as a high-tech enterprise, which is applicable for the current fiscal year[196]. - The company is actively preparing for the re-evaluation of its high-tech enterprise qualification, which could further impact its tax rate in the future[196]. - The company’s cash flow management appears robust, with a notable increase in cash reserves compared to the previous period[200]. - The company is focused on maintaining its high-tech status to continue benefiting from favorable tax rates, which is crucial for its financial strategy[196].
海星股份(603115) - 2022 Q1 - 季度财报
2022-04-28 16:00
Financial Performance - The company's operating revenue for Q1 2022 was ¥471,473,186.39, representing a year-on-year increase of 35.90%[5] - The net profit attributable to shareholders was ¥63,827,729.92, showing a significant increase of 110.89% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,627,036.96, up by 107.20% year-on-year[5] - The basic earnings per share for the quarter was ¥0.27, reflecting an increase of 80.00%[8] - In Q1 2022, the company's net profit reached CNY 63,827,729.92, a significant increase of 109.8% compared to CNY 30,408,908.17 in Q1 2021[18] - The total comprehensive income for the period was CNY 63,251,619.74, compared to CNY 30,732,080.65 in Q1 2021, marking an increase of 105.5%[19] - The company reported a total profit of CNY 73,959,802.32, which is an increase of 116.9% compared to CNY 34,197,076.45 in Q1 2021[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,413,906,973.42, which is a 3.00% increase from the end of the previous year[6] - Total assets amounted to ¥2,413,906,973.42, compared to ¥2,343,673,292.39, reflecting a growth of 3%[14] - Total liabilities increased to ¥374,287,196.87 from ¥354,205,535.58, a rise of 5%[15] - Shareholders' equity totaled ¥2,039,619,776.55, up from ¥1,976,215,905.07, indicating an increase of 3.2%[15] - Non-current assets totaled ¥589,968,773.86, compared to ¥551,320,371.66, reflecting a growth of 7%[14] Cash Flow and Investments - The net cash flow from operating activities decreased by 49.43% to ¥13,625,201.59, primarily due to increased payments to employees and taxes[5] - The company reported a cash flow from operating activities of CNY 13,625,201.59, down from CNY 26,941,824.07 in the previous year, indicating a decrease of 49.5%[22] - Investment activities generated a net cash flow of CNY 69,820,826.82, compared to a negative cash flow of CNY -36,836,477.04 in Q1 2021[22] Revenue and Costs - Total revenue for Q1 2022 reached ¥471,473,186.39, an increase of 36% compared to ¥346,928,296.20 in Q1 2021[17] - Total operating costs for Q1 2022 were ¥402,458,919.86, up from ¥316,293,071.00 in Q1 2021, reflecting a 27% increase[17] - The total revenue from operating activities was CNY 370,184,871.89, up from CNY 282,629,311.15 in the same period last year, reflecting a growth of 30.9%[21] Shareholder Information - The top shareholder, Nantong Xinhaixing Investment Co., Ltd., holds 59.02% of the shares, totaling 141,180,000 shares[10] Research and Development - Research and development expenses increased to CNY 31,491,300.81, a rise of 50.9% from CNY 20,848,941.29 in Q1 2021[18] Financial Management - The company incurred financial expenses of CNY -694,444.54, a decrease from CNY 315,633.17 in the previous year, indicating improved financial management[18] Cash and Equivalents - Cash and cash equivalents increased to ¥578,537,597.90 from ¥510,001,419.75, representing a growth of 13.4%[13] - The company's cash and cash equivalents at the end of the period totaled CNY 475,570,528.22, up from CNY 254,534,939.64 at the end of Q1 2021[22] Inventory and Receivables - Accounts receivable rose to ¥376,946,988.97, up from ¥347,731,348.58, indicating an increase of 8.5%[13] - Inventory increased to ¥174,491,631.90 from ¥141,673,664.67, marking a growth of 23%[13]
海星股份(603115) - 2021 Q4 - 年度财报
2022-04-20 16:00
Financial Performance - In 2021, the company's operating revenue reached RMB 1,645,338,158.45, a year-on-year increase of 35.01% compared to RMB 1,218,716,702.66 in 2020[20] - The net profit attributable to shareholders was RMB 221,187,704.58, representing a 75.87% increase from RMB 125,768,458.08 in the previous year[20] - The basic earnings per share for 2021 was RMB 1.05, up 75.00% from RMB 0.60 in 2020[21] - The company's total assets increased to RMB 2,343,673,292.39, a growth of 43.64% compared to RMB 1,631,594,958.87 at the end of 2020[20] - The cash flow from operating activities netted RMB 187,467,997.74, a significant increase of 466.78% from RMB 33,076,038.59 in 2020[20] - The total profit reached 252,536,300 RMB, reflecting a significant growth of 73.75% compared to the previous year[46] - The company reported a net cash flow from operating activities of 187,467,998 RMB, a remarkable increase of 466.78%[48] - The company achieved operating revenue of 1,645,338,158.45 RMB, a year-on-year increase of 35.01%[46] - The company reported a significant increase in revenue, achieving a total of 1.2 billion in 2021, representing a growth of 15% year-over-year[89] Profitability Metrics - The weighted average return on equity increased to 17.03%, up by 6.77 percentage points from 10.26% in 2020[21] - The net profit attributable to shareholders increased by CNY 95.42 million in 2021, a year-on-year growth of 75.87%, primarily due to revenue growth and product price increases[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by CNY 109.10 million in 2021, a year-on-year growth of 110.98%[22] - The net cash flow from operating activities increased by CNY 154.39 million in 2021, a year-on-year growth of 466.78%, driven by strong product demand and improved payment terms[22] - The company aims to achieve a net profit margin of 15% in 2022, up from 12% in 2021, driven by increased sales and cost management initiatives[89] Research and Development - Research and development expenses accounted for 6.40% of operating revenue, with R&D spending increasing by 33.61% to 105,364,887 RMB[43][49] - The company has established a strong customer base, with all top ten global aluminum capacitor manufacturers as clients[43] - The company implemented 9 key projects and 17 technology innovation projects in 2021, maintaining its core technology at an industry-leading level[37] - The company plans to increase R&D investment in 2022 to align with international advanced levels, focusing on innovation and collaboration with industry peers and research institutions[76] - The number of R&D personnel was 105, making up 14.15% of the total workforce, with 2 holding doctoral degrees[58] Market and Industry Trends - The global market size for aluminum electrolytic capacitors was approximately 49.64 billion RMB in 2019, expected to reach 55.65 billion RMB by 2024[40] - The electrode foil accounts for 30% to 60% of the total cost of aluminum electrolytic capacitors, indicating a direct correlation between capacitor demand and electrode foil demand[40] - The domestic electrode foil industry is experiencing a trend towards consolidation among leading enterprises with strong technical capabilities and comprehensive strength[40] - The electrode foil industry is experiencing consolidation and rapid growth, with a significant shift of the global aluminum electrolytic capacitor market towards China, which is currently dominated by mid-to-low-end products[74] Sustainability and Environmental Responsibility - The company is committed to sustainable development, being one of the first green factories in Jiangsu Province and maintaining energy consumption levels below industry averages[43] - The company has established comprehensive environmental protection facilities, including wastewater and air pollution treatment systems, in compliance with environmental impact assessments[122] - The company has adopted measures to reduce carbon emissions, including establishing an energy management system and promoting low-carbon practices among employees[131] - The company has been recognized as a "green" enterprise in Jiangsu and was selected as a national green factory[127] Corporate Governance - The company held 1 annual general meeting and 2 extraordinary general meetings during the reporting period, complying with legal requirements[85] - The board of directors consists of 9 members, including 3 independent directors, and held 8 meetings during the reporting period[87] - The supervisory board, composed of 3 members, held 5 meetings to oversee the company's operations and compliance[83] - The company disclosed 4 periodic reports and 72 temporary announcements, ensuring transparency for investors[83] - The company has established internal control systems to enhance risk prevention and operational standards[83] Shareholder and Capital Management - The company completed a private placement of 31.2 million shares at a price of RMB 22.00 per share, raising a total of RMB 686.4 million, with a net amount of RMB 678.17 million after deducting issuance costs[164] - The total number of shares increased from 208 million to 239.2 million, with the proportion of restricted shares rising from 75% to 78.26%[163] - The company has a total of 141.18 million restricted shares held by major shareholders, which will be released on August 9, 2022[166] - The company has maintained a consistent cash dividend policy, distributing profits to shareholders over the past three years[132] Operational Efficiency - The company achieved a significant increase in sales prices and production capacity due to the completion of investment projects, contributing to the revenue growth[21] - The company plans to implement new operational strategies aimed at reducing costs by 5% over the next fiscal year[92] - The company is focusing on enhancing its financial position through increased cash reserves[200] - The growth in current assets is a key indicator of the company's operational efficiency and market competitiveness[200] Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 10% to 12% based on current market trends and user acquisition strategies[89] - New product launches are expected to contribute an additional 200 million in revenue in 2022, with a focus on innovative technology solutions[89] - The company aims to enhance its production capacity for high-end products in 2022, with projects underway in Nantong, Ya'an, and Shizuishan, targeting emerging application fields[76]
海星股份(603115) - 2021 Q3 - 季度财报
2021-10-28 16:00
Financial Performance - The company's operating revenue for Q3 2021 was ¥437,165,836.21, representing a year-on-year increase of 31.26%[5] - The net profit attributable to shareholders for Q3 2021 was ¥72,279,475.92, showing a significant increase of 103.82% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥68,570,103.10, an increase of 127.27% year-on-year[5] - The basic earnings per share for Q3 2021 was ¥0.35, up by 105.88% compared to the same quarter last year[6] - The company reported a year-to-date net profit attributable to shareholders of ¥158,967,856.06, which is a 74.94% increase compared to the same period last year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,213,892,116.92, a significant increase of 39.1% compared to ¥872,315,495.36 in the same period of 2020[21] - Operating profit for the first three quarters of 2021 was ¥184,749,391.94, up 78.5% from ¥103,451,883.29 in the previous year[22] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was ¥158,967,856.06, representing a 75.0% increase from ¥90,869,885.92 in 2020[22] - Basic and diluted earnings per share for the first three quarters of 2021 were both ¥0.76, compared to ¥0.44 in the same period of 2020[23] - The company reported a total comprehensive income of ¥159,371,288.66 for the first three quarters of 2021, compared to ¥90,149,072.05 in the previous year[23] Cash Flow - The cash flow from operating activities for the year-to-date period reached ¥133,655,734.21, reflecting a substantial increase of 397.77%[6] - The net cash flow from operating activities for Q3 2021 was $133,655,734.21, a significant increase from $26,850,991.22 in Q3 2020, representing a growth of approximately 397%[26] - Cash generated from operating activities for the first three quarters of 2021 was ¥860,202,155.31, an increase from ¥648,445,405.65 in the same period of 2020[25] - The cash outflow for operating activities was $746,827,919.37, an increase from $667,553,646.65 in the previous year, representing a rise of approximately 11.9%[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,651,785,197.86, a slight increase of 1.24% from the end of the previous year[6] - The total assets as of September 30, 2021, amounted to ¥1,651,785,197.86, an increase from ¥1,631,594,958.87 at the end of 2020[16] - Current assets totaled ¥1,114,143,575.12, slightly down from ¥1,147,872,054.18 in the previous year[16] - Non-current assets totaled ¥537,641,622.74, up from ¥483,722,904.69, reflecting a growth of approximately 11.1%[17] - Total liabilities as of the end of the third quarter of 2021 amounted to ¥401,518,246.32, an increase from ¥384,699,295.99 at the end of 2020[22] - Total equity attributable to shareholders of the parent company was ¥1,237,207,237.23, slightly up from ¥1,234,905,930.98 in the previous year[22] Investments and Financing - Total cash inflow from investment activities decreased to $347,725,887.17 from $1,253,759,491.23 year-over-year, indicating a decline of about 72.2%[26] - The net cash flow from investment activities was negative at -$33,494,292.17, compared to -$72,116,618.65 in the same quarter last year, showing an improvement of approximately 53.6%[26] - Cash inflow from financing activities totaled $20,000,000.00, up from $10,000,000.00 in Q3 2020, marking a 100% increase[27] - The net cash flow from financing activities was -$167,266,879.25, compared to -$157,278,691.68 in the previous year, reflecting a decline of about 6.4%[27] Shareholder Information - The company reported a total of 12,256 common shareholders at the end of the reporting period[13] Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥73,309,699.36, compared to ¥57,279,654.67 in 2020, indicating a focus on innovation[21] Other Financial Metrics - The weighted average return on equity for Q3 2021 was 6.02%, an increase of 3.03 percentage points year-on-year[6] - The company attributed the revenue growth to increased production and sales scale driven by strong market demand[10] - The net profit growth was primarily due to rising sales prices and increased gross profit margins[10] - Deferred income increased to ¥32,572,279.73 from ¥29,252,842.05 year-over-year, reflecting growth in future revenue recognition[22] - Accounts receivable increased to ¥369,821,326.60 from ¥310,256,705.31, indicating a growth of approximately 19.2%[16] - Inventory decreased to ¥103,887,532.62 from ¥108,592,022.53, a decline of about 4.1%[16] - Fixed assets increased to ¥442,249,762.91 from ¥384,934,237.09, showing a growth of about 14.9%[17] - Short-term borrowings rose to ¥20,000,000.00 from ¥10,015,950.00, indicating a 99.0% increase[17] - Accounts payable increased to ¥281,970,351.94 from ¥251,807,512.18, reflecting an increase of approximately 12.0%[17]
海星股份(603115) - 2021 Q2 - 季度财报
2021-08-09 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was approximately RMB 776.73 million, an increase of 44.04% compared to RMB 539.26 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was approximately RMB 86.69 million, representing a year-on-year growth of 56.46% from RMB 55.41 million[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 80.84 million, a significant increase of 105.19% compared to RMB 39.40 million in the previous year[19]. - The net cash flow from operating activities increased by 703.71% to approximately RMB 70.46 million, up from RMB 8.77 million in the same period last year[19]. - The basic and diluted earnings per share for the first half of 2021 were both RMB 0.4168, reflecting a growth of 56.46% year-on-year[18]. - The weighted average return on equity increased to 7.07%, up by 2.63 percentage points from 4.44% in the previous year[18]. - The total assets at the end of the reporting period were approximately RMB 1.55 billion, a decrease of 4.93% from the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were approximately RMB 1.17 billion, down by 5.66% from the previous year[19]. Research and Development - The company has established partnerships with several prestigious universities to enhance its R&D capabilities, contributing to innovation and product development[26]. - The company has successfully developed new products such as the FT series ultra-high capacitance low-voltage electrode foil and the HD series high-voltage electrode foil, which are key to increasing market share[27]. - The company filed 28 patents in the first half of the year, including 8 invention patents, enhancing its intellectual property portfolio[33]. - The company’s research and development expenses increased by 13.10% to 44.67 million RMB, reflecting its commitment to innovation[37]. Market Position and Strategy - The main business involves the research, production, and sales of aluminum electrolytic capacitor electrode foils, which are critical raw materials for high-performance capacitors[24]. - The electrode foil typically accounts for 30% to 60% of the total cost of aluminum electrolytic capacitors, indicating a strong correlation between capacitor demand and electrode foil demand[25]. - The company has a comprehensive sales service network, with domestic clients located in various regions and international clients in Japan, Southeast Asia, Europe, and South America[28]. - The company has a strong customer base, including leading capacitor manufacturers like Chemicon and Nichicon, which enhances its market position[29]. - The electrode foil industry is supported by national strategies such as the "14th Five-Year Plan" and "New Infrastructure," driving demand growth[25]. - The company is actively preparing for a non-public offering to meet the growing demand in high-end markets and emerging applications[34]. Environmental Compliance - Environmental compliance is a priority, with the company’s subsidiaries meeting pollution discharge standards for key pollutants, reflecting its commitment to sustainable practices[56]. - The company reported a total wastewater discharge of 983,219 tons in the first half of 2021, with specific pollutants like COD and NH3-N being monitored to ensure compliance with environmental regulations[57]. - The average concentration of COD in wastewater was 65.24 mg/L, significantly below the limit of 500 mg/L[59]. - The company has invested over ten million yuan in upgrading its wastewater treatment system in the first half of 2021 to enhance treatment quality[67]. - The company has achieved a "green" environmental credit rating in Jiangsu province as of 2021[65]. - The company promotes resource recycling and has made significant progress in water conservation through process optimization and membrane separation technology[69]. Corporate Governance - The company did not distribute profits or increase capital reserves during the reporting period[4]. - The company emphasizes that future plans and strategic developments mentioned in the report do not constitute a substantive commitment to investors[5]. - The company has undergone a board restructuring, electing new members and appointing a new general manager, which may influence its strategic direction and operational efficiency[52]. - The company has not proposed any profit distribution or capital reserve transfer plans for the first half of 2021, indicating a focus on reinvestment or financial stability[54]. Financial Position - The company's total assets at the end of the first half of 2021 were CNY 1,190,839,760.04[131]. - The company's total liabilities at the end of the first half of 2021 were CNY 198,426,000.00[131]. - The company's total equity at the end of the reporting period was CNY 834,412,795.02, a decrease from CNY 974,123,111.13 at the beginning of the year, reflecting a reduction of approximately 14.3%[138]. - The company reported a comprehensive income total of CNY 16,289,683.89 for the current period, indicating a positive performance despite the overall decrease in equity[137]. Risk Factors - The company's performance is closely tied to macroeconomic conditions and national industrial policies, with potential risks arising from economic downturns or unfavorable policy changes that could impact market demand[47]. - The ongoing COVID-19 pandemic poses a market downturn risk, with potential indirect effects on the company due to disruptions in the upstream and downstream supply chains, despite a low direct export ratio[49]. - The main raw material for the company's products is electronic light foil, and fluctuations in raw material and energy prices could impact the company's performance despite efforts to mitigate these risks through flexible pricing strategies and improved production processes[46]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 13,878[89]. - The largest shareholder, Nantong Xinhai Star Investment Co., Ltd., held 141,180,000 shares, representing 67.88% of the total shares[92]. - Nantong Lianli Investment Management Co., Ltd. was the second-largest shareholder with 14,820,000 shares, accounting for 7.13%[92]. - The first ten shareholders collectively hold significant stakes, with Nantong Xinhai Star Investment Co., Ltd. and Nantong Lianli Investment Management Co., Ltd. being the primary contributors[92].
海星股份(603115) - 2021 Q1 - 季度财报
2021-04-29 16:00
Financial Performance - Operating revenue for the current period was CNY 346,928,296.20, an increase of 49.98% year-on-year, primarily due to increased sales from expanded production capacity[7] - Net profit attributable to shareholders of the listed company was CNY 30,265,574.47, representing a year-on-year increase of 21.03%[6] - Net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was CNY 27,812,576.33, an increase of 80.88% year-on-year, driven by increased sales scale[7] - Basic and diluted earnings per share were both CNY 0.15, reflecting a growth of 25.00% compared to the previous year[6] - The weighted average return on net assets increased by 0.47 percentage points to 2.42%[6] - Total operating revenue for Q1 2021 was CNY 346,928,296.20, an increase of 50% compared to CNY 231,320,777.32 in Q1 2020[28] - Net profit for Q1 2021 was CNY 30,635,225.20, compared to CNY 14,247,818.73 in Q1 2020, representing a growth of 115%[28] - The total profit for Q1 2021 was CNY 34,197,076.45, compared to CNY 28,651,351.11 in Q1 2020, marking a 19.0% increase[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,629,746,361.53, a decrease of 0.11% compared to the end of the previous year[6] - Total assets as of March 31, 2021, amounted to CNY 1,321,733,217.21, slightly down from CNY 1,330,990,273.74 at the end of 2020[24] - Total liabilities decreased to CNY 317,232,323.95 in Q1 2021 from CNY 338,577,538.63 in Q1 2020[25] - Shareholders' equity increased to CNY 1,004,500,893.26 in Q1 2021 from CNY 992,412,735.11 in Q1 2020[25] Cash Flow - Cash flow from operating activities was CNY 26,941,824.07, a decrease of 18.75% compared to the same period last year[6] - Net cash flow from operating activities decreased by 18.75% to RMB 26,941,824.07, mainly due to a reduction in government subsidies received[15] - In Q1 2021, the net cash flow from operating activities was -28,168,385.85 RMB, compared to -17,840,382.86 RMB in Q1 2020, indicating a decline in operational cash flow[35] - Total cash inflow from operating activities was 199,478,750.93 RMB, significantly higher than 121,348,617.60 RMB in Q1 2020, demonstrating improved sales performance[35] - Cash outflow for operating activities totaled 227,647,136.78 RMB, up from 139,189,000.46 RMB in the same period last year, reflecting increased operational costs[35] Shareholder Information - The company had a total of 14,892 shareholders at the end of the reporting period[10] - The top shareholder, Nantong Xinhaixing Investment Co., Ltd., held 67.88% of the shares[10] Operating Costs and Expenses - Operating costs increased by 51.25% to RMB 266,304,077.75, attributed to higher sales leading to corresponding cost increases[14] - Financial expenses showed a significant decline of 118.09%, resulting in a loss of RMB 315,633.17, due to reduced interest income and increased exchange losses[14] - Investment income dropped by 85.75% to RMB 440,423.51, primarily due to decreased financial investment returns[14] - Employee compensation payable decreased by 33.14% to RMB 14,477,401.00, mainly due to a reduction in year-end bonuses[12] Other Financial Metrics - Cash inflows from operating activities amounted to CNY 282,629,311.15 in Q1 2021, up from CNY 238,762,218.55 in Q1 2020, indicating improved cash generation[33] - The company reported a gross profit margin of approximately 14.4% for Q1 2021, compared to 15.0% in Q1 2020, reflecting changes in cost structure[31] - The total comprehensive income for Q1 2021 was CNY 30,732,080.65, compared to CNY 26,685,921.16 in Q1 2020, showing overall growth[30]
海星股份(603115) - 2020 Q4 - 年度财报
2021-03-26 16:00
Financial Performance - The company's operating revenue for 2020 was RMB 1,218,716,702.66, representing an increase of 11.05% compared to RMB 1,097,491,329.87 in 2019[21] - The net profit attributable to shareholders of the listed company was RMB 125,768,458.08, a 4.45% increase from RMB 120,406,127.59 in the previous year[21] - The net cash flow from operating activities decreased by 64.14% to RMB 33,076,038.59 from RMB 92,238,763.55 in 2019[21] - The total assets at the end of 2020 were RMB 1,631,594,958.87, showing a 2.01% increase from RMB 1,599,501,399.64 at the end of 2019[22] - The net assets attributable to shareholders of the listed company decreased by 2.77% to RMB 1,234,905,930.98 from RMB 1,270,133,766.66 in 2019[22] - Basic earnings per share for 2020 were RMB 0.60, down 13.04% from RMB 0.69 in 2019[23] - The weighted average return on equity decreased to 10.26% from 13.31% in the previous year, a decline of 3.05 percentage points[23] - The company achieved operating revenue of CNY 1,218,716,702.66, representing a year-on-year growth of 11.05%[43] - The net profit attributable to shareholders increased by 4.45%, reaching CNY 12,576,850[43] - The production and sales volume of capacitor foil exceeded 24 million m², marking a historical high with a growth of 16.76% year-on-year[40] Cash Flow and Investments - The net cash flow from operating activities decreased by CNY 59.1627 million in 2020 compared to 2019, a decline of 64.14%, primarily due to an increase in the proportion of bill settlements by customers[24] - The net cash flow from investing activities decreased by ¥29,584.44 million, attributed to reduced investments in financial products and an increase in fixed asset investments by ¥10,022.61 million[59] - Cash and cash equivalents decreased by 32.08% to ¥343.12 million, down from ¥505.17 million in the previous period[61] - The company received 1,401,000,000.00 RMB from investment recoveries, a substantial increase from 253,000,000.00 RMB in the previous year[187] - The cash inflow from sales of goods and services was 537,694,665.20 RMB, up from 471,970,993.91 RMB in 2019[190] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 7.5 per 10 shares, totaling RMB 156,000,000, which accounts for 124.04% of the net profit attributable to shareholders[5] - The company distributed cash dividends totaling 156 million RMB for the year 2019, which accounted for 129.56% of the net profit attributable to the parent company[81] - For the year 2020, the cash dividend distribution was 156 million RMB, representing 124.04% of the net profit attributable to the parent company[82] - The company has maintained a consistent cash dividend policy since its IPO, ensuring stable and transparent shareholder returns[81] Research and Development - Research and development expenses rose by 8.78% to CNY 78,860,330.96, reflecting the company's commitment to innovation[45] - Research and development expenses for 2020 were CNY 78,860,330.96, an increase of 8.83% from CNY 72,497,953.95 in 2019[179] - The company plans to strengthen talent development and innovation research to support annual goals, increasing R&D investment and efficiency to lead industry technological advancements[74] Market and Competitive Position - The company has identified potential risks in its future development, which are detailed in the report[6] - The company recognizes the risk of market competition, particularly from advanced manufacturers in the electrode foil industry, which could impact its competitive position[76] - The company faces risks related to fluctuations in raw material and energy prices, which could affect its performance despite efforts to mitigate these impacts[77] - The global aluminum electrolytic capacitor market is projected to grow from CNY 49.64 billion in 2019 to CNY 55.65 billion by 2024[35] Operational Efficiency - The company’s operating efficiency improved by 30% due to the introduction of advanced equipment and processes[40] - The company has implemented fundraising projects to increase production capacity, contributing to the revenue growth[23] - The company’s sales model involves direct sales to downstream customers, enhancing market responsiveness and customer satisfaction[32] - The company’s production model is based on order-driven production, ensuring timely delivery while effectively controlling inventory levels[31] Environmental and Social Responsibility - The environmental credit rating of the company was assessed as the highest level of green during the reporting period[107] - The company actively participated in public welfare activities, with 865 participants and 843 beneficiaries in 2020[107] - No environmental pollution incidents occurred during the reporting period, and the company adhered to all relevant environmental laws and regulations[117] Corporate Governance - The company has a long-term commitment to avoid engaging in similar business activities that compete with its existing products[84] - The company has committed to not seeking improper benefits through its controlling shareholder status, ensuring the protection of other shareholders' rights[87] - The company has established a plan to repurchase shares and distribute profits if the stock price falls below the audited net asset value per share[88] - The company has a diverse workforce, with 420 production personnel, 131 technical personnel, and 29 sales personnel among the total employees[142] Future Outlook - The company provided guidance for 2021, projecting revenue growth of 10% to 12%, aiming for a target of 1.65 billion to 1.68 billion[138] - New product launches are expected to contribute an additional 200 million in revenue in 2021, focusing on innovative technology solutions[136] - The company is expanding its market presence, targeting new regions in Asia, which is projected to increase market share by 5%[137] - A strategic acquisition was announced, with the company acquiring a competitor for 300 million, expected to enhance product offerings and market reach[138]
海星股份(603115) - 2020 Q3 - 季度财报
2020-10-30 16:00
Financial Performance - Operating revenue for the first nine months was CNY 872,315,495.36, an increase of 9.93% year-on-year[6] - Net profit attributable to shareholders of the listed company decreased by 7.52% to CNY 90,869,885.92[6] - Basic and diluted earnings per share were CNY 0.44, a decrease of 25.42% compared to the previous year[7] - The weighted average return on equity decreased by 4.22 percentage points to 7.41%[7] - Total operating revenue for Q3 2020 reached ¥333,057,979.68, a 23% increase from ¥270,748,325.94 in Q3 2019[28] - The company's net profit for the first three quarters of 2020 was not explicitly stated but can be inferred from the increase in retained earnings, which rose to ¥172,194,137.64 from ¥163,863,449.23[26] - Q3 2020 net profit was ¥35,639,718.49, up 26.5% from ¥28,235,752.70 in Q3 2019[30] - The company reported a total profit of CNY 149,426,351.98 for Q3 2020, compared to CNY 6,783,235.04 in Q3 2019[34] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,560,067,487.95, a decrease of 2.47% compared to the end of the previous year[6] - The total assets decreased to ¥1,560,067,487.95 from ¥1,599,501,399.64, indicating a reduction in overall asset value[20] - Total liabilities increased to ¥322,334,038.63 in Q3 2020 from ¥316,574,996.46 in Q3 2019, showing a growth of approximately 2.4%[26] - The company's equity attributable to shareholders decreased to ¥982,453,799.54 from ¥974,123,111.13 year-over-year, indicating a slight decline[26] - Total current assets amounted to RMB 912,070,015.43 as of December 31, 2019[48] - Long-term equity investments were reported at RMB 321,852,079.63, while fixed assets totaled RMB 49,197,038.81[49] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 26,850,991.22, down 15.16% from the previous year[6] - Cash flow from investing activities was net outflow of ¥72,116,618.65, a decrease of 79.82% compared to a net outflow of ¥357,348,584.72 in the previous year[16] - Cash flow from financing activities turned negative at ¥-157,278,691.68, a decline of 146.73% from a positive inflow of ¥336,549,739.57 in the previous year, primarily due to the receipt of IPO funds in 2019[17] - Cash flow from operating activities showed a net increase of CNY 26,850,991.22, down from CNY 31,647,930.71 in the same period last year[39] - Investment activities resulted in a net cash outflow of CNY 72,116,618.65, compared to a larger outflow of CNY 357,348,584.72 in the previous year[39] - The company experienced a cash outflow of CNY 156,000,000.00 from financing activities, compared to an inflow of CNY 346,937,583.32 in the same period last year[41] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,635[12] - The largest shareholder, Nantong Xinhaixing Investment Co., Ltd., held 141,180,000 shares, accounting for 67.88% of the total shares[12] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 19,836,101.12 for the first nine months, which is closely related to its normal business operations[8] - The company reported a significant increase in cash received from investment income, rising to CNY 116,803,678.57 from CNY 3,417,800.00 in the previous year[41] - The company received CNY 12,232,591.36 in tax refunds, an increase from CNY 7,795,648.14 in the previous year[38] Changes in Financial Position - Cash and cash equivalents decreased by 31.03% to ¥348,436,307.09 from ¥505,173,259.83, primarily due to the use of raised funds for project investments[13] - Trading financial assets decreased by 33.28% to ¥158,000,000.00 from ¥236,828,127.31, mainly due to reduced purchases of financial products as funds were allocated to project investments[13] - Accounts receivable financing increased by 61.13% to ¥212,758,647.16 from ¥132,044,755.62, attributed to an increase in bank acceptance of payments[13] - Construction in progress surged by 335.46% to ¥73,728,914.57 from ¥16,931,159.45, driven by the construction of funded projects[13] - Long-term prepaid expenses rose by 129.60% to ¥4,163,407.29 from ¥1,813,333.32, mainly due to increased repairs on buildings and equipment[14] - The company reported a significant increase in other payables by 166.83% to ¥2,069,418.71 from ¥775,544.60, mainly due to accrued sales commissions[14] Research and Development - R&D expenses in Q3 2020 totaled ¥17,780,844.53, a 46.5% increase compared to ¥12,139,347.08 in Q3 2019[29]
海星股份(603115) - 2020 Q2 - 季度财报
2020-08-14 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was approximately ¥539.26 million, representing a 3.15% increase compared to ¥522.77 million in the same period last year[18]. - The net profit attributable to shareholders decreased by 22.06% to approximately ¥55.41 million, down from ¥71.09 million in the previous year[18]. - The net cash flow from operating activities fell by 66.75% to approximately ¥8.77 million, compared to ¥26.37 million in the same period last year[18]. - Basic and diluted earnings per share decreased by 41.30% to ¥0.27, down from ¥0.46 in the previous year[19]. - The weighted average return on net assets decreased by 5.05 percentage points to 4.44% from 9.49% in the previous year[19]. - The net profit after deducting non-recurring gains and losses decreased by 35.53% to approximately ¥39.40 million, down from ¥61.10 million in the previous year[18]. - Operating costs increased by 10.00% to ¥415.13 million from ¥377.39 million year-on-year[38]. - The company reported a significant increase in deferred income to ¥31.28 million, primarily due to government subsidies related to assets[42]. - The company reported a decrease in undistributed profits to ¥456,931,412.73 from ¥557,523,982.47, a decline of about 18.1%[92]. - The company reported a comprehensive income of CNY 16,289,683.89 for the first half of 2020, indicating a positive performance despite the overall decline in equity[115]. Cash Flow and Investments - The net cash flow from investing activities fell by 193.4% to -¥84.82 million, mainly due to increased fixed asset investments and the purchase of financial products[39]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥432.05 million, accounting for 26.06% of total assets, an increase from 24.02% in the previous year[41]. - Cash inflow from investment activities reached CNY 700,781,063.92, significantly higher than CNY 202,561.33 in the previous year[103]. - The company reported a net cash flow from financing activities of CNY -879,006.14, a significant decrease from CNY -115,442,945.56 in the first half of 2019[103]. - The company received CNY 10,000,000.00 in cash from borrowings during the first half of 2020, down from CNY 30,000,000.00 in the same period of 2019[103]. Assets and Liabilities - The total assets of the company increased by 3.64% to approximately ¥1.66 billion, compared to ¥1.60 billion at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 7.66% to approximately ¥1.17 billion, down from ¥1.27 billion at the end of the previous year[18]. - Total liabilities rose to ¥466,922,017.70, compared to ¥311,958,536.00, indicating a significant increase of about 49.7%[92]. - Current liabilities totaled ¥435,640,556.33, up from ¥265,001,688.63, reflecting a growth of approximately 64.4%[92]. - Owner's equity decreased to ¥1,190,839,760.04 from ¥1,287,542,863.64, a reduction of approximately 7.5%[92]. Research and Development - The company is focusing on R&D for high-end capacitors to meet the demands of 5G communication base stations and new energy vehicle charging piles[35]. - Research and development expenses rose by 23.73% to ¥39.50 million, driven by increased investment in new product development[39]. - The company is focused on maintaining its competitive edge through ongoing research and development in the aluminum electrolytic capacitor electrode foil sector[49]. Market and Competition - The company highlighted that the decline in net profit was primarily due to the impact of the COVID-19 pandemic and market expansion leading to decreased sales prices[20]. - The company has maintained a proactive approach to market share expansion despite a decline in sales prices due to increased competition and demand fluctuations[36]. - The company faces market competition risks in the electrode foil industry, which is characterized by intense competition from advanced manufacturers[48]. Environmental and Social Responsibility - The total amount of wastewater discharged by the company in the first half of 2020 was 1,010,947 tons, with a control target of 2,513,500 tons[68]. - The average concentration of COD in wastewater was 27.08 mg/L, well below the limit of 100 mg/L[68]. - The company has established complete environmental protection facilities, including wastewater treatment and air pollution control systems, which are operational and meet regulatory standards[70]. - The company has not experienced any environmental pollution incidents during the reporting period and has not received any environmental administrative penalties[74]. Corporate Governance - The company committed to not engage in any business that directly competes with its existing main products, both domestically and internationally[58]. - The company will not seek improper benefits through its position as a controlling shareholder, ensuring the rights of other shareholders are protected[58]. - The company appointed Tianjian Accounting Firm as the auditor for the year 2020, approved during the annual general meeting on May 15, 2020[59]. - There were no significant litigation or arbitration matters during the reporting period[60]. Accounting Policies and Compliance - The company has adopted the revised Accounting Standards for Revenue effective January 1, 2020[76]. - The financial statements comply with the enterprise accounting standards, accurately reflecting the company's financial position and operating results[123]. - The company recognizes revenue based on the transfer of control of goods or services to customers, either over time or at a point in time[186].