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汇得科技(603192) - 2021 Q3 - 季度财报
2021-10-28 16:00
2021 年第三季度报告 证券代码:603192 证券简称:汇得科技 上海汇得科技股份有限公司 2021 年第三季度报告 单位:元 币种:人民币 | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 961,284,033.80 | 107.13 | 2,268,776,669.68 | 140.58 | | 归属于上市公司股东的 | 34,668,113.30 | 21.40 | 90,425,452.77 | 28.70 | | 净利润 | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | 33,107,412.28 | 19.99 | 86,546,296.57 | 29.10 | | 利润 | | | | | 1 / 13 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 ...
汇得科技(603192) - 2021 Q3 - 季度财报
2021-10-27 16:00
上海汇得科技股份有限公司 2021 年第三季度报告 2021 年第三季度报告 证券代码:603192 证券简称:汇得科技 单位:元 币种:人民币 | 项目 | 本报告期 | 本报告期 | | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | 年初至报告期末 | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 961,284,033.80 | 107.13 | 2,268,776,669.68 | 140.58 | | 归属于上市公司股东的 | 34,668,113.30 | 21.40 | 90,425,452.77 | 28.70 | | 净利润 | | | | | | 归属于上市公司股东的 扣除非经常性损益的净 | 33,107,412.28 | 19.99 | 86,546,296.57 | 29.10 | | 利润 | | | | | 1 / 13 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 ...
汇得科技(603192) - 2021 Q2 - 季度财报
2021-08-19 16:00
Financial Performance - The company's operating revenue for the first half of 2021 reached ¥1,307,492,635.88, representing a year-on-year increase of 172.98%[22] - The net profit attributable to shareholders of the listed company was ¥55,757,339.48, up 33.70% compared to the same period last year[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 35.48% to ¥53,438,884.30[22] - Basic earnings per share for the first half of 2021 were ¥0.52, a 33.33% increase from ¥0.39 in the same period last year[23] - The weighted average return on net assets rose to 4.25%, an increase of 0.86 percentage points compared to the previous year[23] - The company's main business revenue reached 1,226.03 million yuan, a year-on-year increase of 171.98%[31] - The company achieved a total non-recurring profit and loss of 2,318,455.18 yuan, primarily from government subsidies and asset disposals[27] - The company reported a significant increase in prepayments, which rose to ¥106,092,111.33 from ¥62,152,740.07, reflecting a growth of approximately 70.8%[112] - The total comprehensive income for the period was CNY 41,703,644.27, indicating a positive performance[140] Cash Flow and Assets - The net cash flow from operating activities surged by 729.06% to ¥95,616,587.95, primarily due to an increase in bank acceptance bills for raw material payments[24] - Total assets at the end of the reporting period amounted to ¥2,303,000,000, with a significant increase in accounts receivable by 76.69% to ¥437,346,500.40, representing 18.99% of total assets[49] - Inventory increased by 59.10% to ¥281,341,712.58, accounting for 12.22% of total assets, primarily due to production reserves from subsidiaries[49] - The total liabilities reached ¥2,303,000,000, with accounts payable increasing by 68.72% to ¥777,260,032.00, which is 33.75% of total liabilities[50] - The total liabilities to equity ratio improved, indicating a stronger financial position as the company continues to manage its debt effectively[113] Research and Development - The company has 32 valid invention patents and 28 pending invention patents, indicating strong R&D capabilities[33] - The company is actively developing new products and technologies, with R&D expenses accounting for over 4% of revenue[33] - Research and development expenses rose to CNY 46,937,571.89, an increase of 99.87% compared to the previous year[46] - Research and development expenses for the first half of 2021 were ¥46,937,571.89, significantly higher than ¥23,484,286.42 in the same period last year, marking a 99.5% increase[119] Market and Sales Performance - The increase in revenue was mainly attributed to the production and sales growth following the commissioning of the Fujian project[24] - Sales volume of polyurethane products increased by 100% year-on-year, reaching 74,500 tons[31] - The sales volume of polyester polyol reached 15,300 tons, a year-on-year increase of 90%[32] - The TPU business achieved sales of 5,400 tons, an increase of 0.43 million tons year-on-year[32] - The company is focusing on expanding the application of solvent-free and water-based resins in various industries[31] Environmental Compliance - The company is classified as a key pollutant discharge unit in Shanghai, with specific wastewater discharge data showing compliance with local standards, including a total nitrogen discharge of 0.157 tons per year[67] - The company reported a total VOC emission of 0.68 tons per year, which is below the regulatory limit of 1.838 tons[68] - The company has established contracts with qualified third-party waste disposal units for the management of both general and hazardous waste[68] - The company has a wastewater treatment capacity of 200 tons per day and operates a complete set of waste gas treatment facilities, achieving compliance with Shanghai's wastewater discharge standards[71] - The company reported that all environmental protection facilities operated normally during the reporting period, with all emissions meeting standards[71] Shareholder and Governance - The company has committed to maintaining a lock-up period for major shareholders for 36 months post-IPO, ensuring stability in shareholding[80] - The company will avoid and minimize related party transactions, ensuring transactions are conducted with independent third parties whenever possible[83] - The company has established a commitment to not obtain any improper benefits through related party transactions[83] - The controlling shareholder has pledged to maintain a long-term holding of the company's stock, with a potential reduction of no more than 25% of the total shares held during the two years following the lock-up period[85] Risks and Challenges - The company reported a significant risk related to raw material price fluctuations, which account for approximately 60% of the main business costs[54] - The company faces potential risks from downstream industry demand fluctuations, particularly in the synthetic leather sector, which could impact future business performance[55] - The company has experienced rapid asset and business scale expansion, leading to increased management risks[59] - The company is monitoring the impact of public health events, as ongoing pandemic risks could affect market conditions[60] Financial Reporting and Compliance - The financial statements for the half-year report as of June 30, 2021, are prepared in RMB[110] - The company has not issued any stock options or equity incentives to directors, supervisors, or senior management during the reporting period[108] - The company has not reported any audit issues for the current period[109] - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[155]
汇得科技(603192) - 2021 Q1 - 季度财报
2021-04-27 16:00
2021 年第一季度报告 公司代码:603192 公司简称:汇得科技 上海汇得科技股份有限公司 2021 年第一季度报告 1 / 22 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 10 | 2021 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 | | | | 单位:元 币种:人民币 | | | --- | --- | --- | --- | --- | | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | | | | 减(%) | | | 总资产 | 2,119,916,808.64 | 2,013,587,523.71 | | 5.28 | | 归属于上市公司 | 1,316,071,968.87 | 1,291,238,911.78 | | 1.92 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -62,186,094.72 | -69,599,194 ...
汇得科技(603192) - 2020 Q4 - 年度财报
2021-04-20 16:00
Financial Performance - The company's operating revenue for 2020 was CNY 1,497,717,810.42, representing a 4.01% increase compared to CNY 1,439,978,422.27 in 2019[21]. - The net profit attributable to shareholders for 2020 was CNY 124,220,223.59, a decrease of 6.00% from CNY 132,155,389.38 in 2019[21]. - The net profit for 2020, after deducting non-recurring gains and losses, was CNY 119,591,342.26, a slight decrease of 1.49% compared to CNY 121,402,540.24 in 2019[22]. - Basic earnings per share decreased by 6.45% to CNY 1.16 compared to CNY 1.24 in 2019[23]. - The weighted average return on equity fell to 9.96%, down 1.42 percentage points from 11.38% in 2019[23]. - The gross profit margin for the main business was 19.74%, a decrease of 3.11 percentage points compared to the previous year, primarily due to increased fixed costs from the new plant[51]. - The company achieved a revenue of 1,497,717,810.42 CNY in 2020, representing a year-on-year growth of 4.01%[51]. - The net profit attributable to shareholders decreased by 6.00% to 12,422.02 CNY million, while the net profit after deducting non-recurring gains and losses fell by 1.49% to 11,959.13 CNY million[52]. - The total assets increased by 17.83% to 201,358.75 CNY million, and net assets grew by 6.90% to 129,123.89 CNY million[52]. Cash Flow and Investments - Cash flow from operating activities for 2020 increased by 81.01% to CNY 161,823,355.79 from CNY 89,401,787.37 in 2019[22]. - The operating cash flow net amount increased by 81.01% to 161,823,355.79 CNY, indicating improved cash generation capabilities[54]. - The company has engaged in cash asset management, with various structured deposits totaling RMB 50,000,000 with a 3.36% annualized return[140]. - The company has also invested RMB 30,000,000 in structured deposits with a 3.30% annualized return[140]. - The company reported a total of 500 million RMB in cash reserves, providing a strong foundation for future investments[197]. Production and Capacity - The company’s main business remains focused on the research, production, and sales of polyurethane resin products, with no significant changes reported during the period[34]. - The completion of the "annual production of 180,000 tons of polyurethane resin and its modified body project" has enhanced the company's production capacity and improved its industrial layout[44]. - The company’s production capacity increased by 100,000 tons/year for leather polyurethane and 15,000 tons/year for TPU due to the completion of the first phase of the new project in Fujian[89]. - Production of polyurethane reached 115,569.13 tons, an increase of 6.20% year-on-year, while sales were 113,084.75 tons, up 3.38% year-on-year[59]. - The company has a wastewater treatment capacity of 400 tons per day and operates various air pollution control facilities, including 4 spray towers and 10 activated carbon adsorption units[163]. Research and Development - The company maintained a research and development investment ratio of over 4% of operating revenue for the past three years, applying for 18 invention patents during the reporting period[40]. - Research and development expenses increased by 8.75% to 68,777,622.36 CNY, reflecting the company's commitment to innovation[54]. - The company has a strong technical research and development team, capable of quickly responding to market demands and developing new products[40]. - The company has introduced new technologies aimed at improving production efficiency, projected to reduce costs by 15%[195]. - New product development initiatives are underway, with an investment of 100 million RMB allocated for R&D in the upcoming year[197]. Market and Sales - The company achieved a market share of approximately 6.5% in polyurethane product sales, slightly up from the previous year, despite industry challenges[82]. - The company has established specialized marketing teams for polyester polyols and other polyurethane products, effectively capturing market recovery opportunities[45]. - The company has built a comprehensive marketing service network, enhancing its brand and market advantages in the downstream industry[39]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[198]. Environmental Compliance - The company has invested significantly in environmental management, achieving ISO 14001:2015 certification, but faces risks from increasing environmental compliance costs[105]. - The company has a total of 8 waste gas monitoring devices and 3 wastewater monitoring devices, all operating normally[155]. - The company has established a comprehensive solid waste management system, entrusting qualified third-party companies for the disposal of hazardous and non-hazardous waste[162]. - The company has completed a clean production audit and implemented energy-saving modifications, resulting in reduced production waste and improved environmental benefits[155]. - The company’s environmental impact assessment execution rate is 100% for all existing construction projects[156]. Shareholder and Governance - The company plans to distribute a cash dividend of CNY 3.60 per 10 shares to all shareholders, pending approval at the annual general meeting[5]. - The company has a history of cash dividend distributions, with the previous year's cash dividend being 39,680,000.12 RMB, which was 30.03% of the net profit[116]. - The company emphasizes a stable and reasonable return on investment for shareholders, prioritizing cash dividends over stock dividends[110]. - The actual controller and shareholders committed to not transferring or entrusting others to manage their shares for 36 months from the date of the company's IPO[118]. - The company has not proposed any cash dividend distribution plan despite having positive retained earnings[117]. Risks and Challenges - The report includes a detailed description of potential adverse factors and risks that may affect the company's operations and future development[7]. - The company has faced risks related to the potential decline in demand for polyurethane due to downstream industry conditions, which could adversely affect future business development and performance[103]. - Rapid expansion of the company's asset and business scale poses management risks, requiring higher operational management standards[108]. - The overall demand for the polyurethane resin industry declined by approximately 10% compared to 2019, with specific segments like leather polyurethane affected by foreign trade downturns[81]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures for external guarantees[7]. - The company committed to timely and comprehensive disclosure of any share reduction plans, with specific conditions outlined for the reduction process[122]. - The company has made commitments to avoid competition with Huide Technology and will notify them of any business opportunities that may lead to conflicts[121].
汇得科技(603192) - 2020 Q3 - 季度财报
2020-10-27 16:00
Financial Performance - Revenue decreased by 11.16% to CNY 943,056,372.31 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders decreased by 30.91% to CNY 70,261,138.81 for the first nine months compared to the same period last year[6] - Basic and diluted earnings per share decreased by 30.53% to CNY 0.66[7] - The company reported a total operating revenue of ¥943,056,372.31 for the first three quarters of 2020, a decrease of 11.1% from ¥1,061,490,884.85 in the same period of 2019[25] - The company recorded a total profit of ¥79,438,268.35 for the first three quarters of 2020, down 31.8% from ¥116,490,616.68 in the same period of 2019[27] - Total profit for Q3 2020 was ¥31,977,498.86, down 22.4% from ¥41,232,852.16 in Q3 2019[27] Assets and Liabilities - Total assets increased by 7.39% to CNY 1,835,255,732.91 compared to the end of the previous year[6] - Total liabilities at the end of the reporting period decreased by 86% to RMB 20,565,591.07 from RMB 146,844,954.79 due to the purchase of bank principal-protected structured deposits[14] - Total liabilities increased to RMB 596,659,201.30 from RMB 501,081,554.63, which is an increase of around 19.0%[20] - Non-current assets totaled RMB 446,674,013.66, up from RMB 325,516,103.68, reflecting a growth of approximately 37.1%[19] - Total current liabilities rose to RMB 594,208,429.33 from RMB 498,467,993.60, indicating an increase of about 19.2%[19] Cash Flow - Operating cash flow increased by 63.46% to CNY 56,857,663.35 for the first nine months compared to the same period last year[6] - Cash flow from operating activities increased by 63.46% to RMB 56,857,663.35 from RMB 34,784,292.46, driven by a decrease in raw material costs[17] - Cash flow from investing activities improved significantly to RMB 11,135,957.44 from a negative RMB 115,431,295.18, due to the maturity of structured deposits[17] - The net cash flow from operating activities for Q3 2020 was ¥56,857,663.35, an increase of 63.5% compared to ¥34,784,292.46 in Q3 2019[34] Shareholder Information - The total number of shareholders reached 9,213 at the end of the reporting period[12] - The largest shareholder, Shanghai Huide Enterprise Group Co., Ltd., holds 35.62% of the shares[12] - The company's equity attributable to shareholders reached RMB 1,238,596,531.61, up from RMB 1,207,864,539.38, showing an increase of about 2.5%[20] Expenses - Total operating costs for Q3 2020 were ¥425,024,302.84, up 16.4% from ¥364,791,198.65 in Q3 2019[25] - Research and development expenses for Q3 2020 were ¥19,078,027.86, a decrease of 7.3% compared to ¥20,586,467.17 in Q3 2019[25] - Sales expenses in Q3 2020 were ¥11.35 million, a decrease of 17.9% from ¥13.82 million in Q3 2019[30] - Management expenses in Q3 2020 were ¥11.16 million, down 22.5% from ¥14.30 million in Q3 2019[30] Other Financial Metrics - The weighted average return on net assets decreased by 3.13 percentage points[7] - The company reported a credit impairment loss of ¥5.01 million in Q3 2020, compared to ¥1.82 million in Q3 2019, indicating a significant increase in credit risk[31] - The company received government subsidies amounting to CNY 2,359,591.09 for the first nine months[8] - The company has implemented the new revenue recognition standards starting January 1, 2020, in accordance with the revised accounting standards[47]
汇得科技(603192) - 2020 Q2 - 季度财报
2020-08-20 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥478,966,969.23, a decrease of 26.92% compared to ¥655,404,235.62 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥41,703,644.27, down 36.71% from ¥65,892,466.61 year-on-year[20]. - The net cash flow from operating activities was -¥15,199,910.65, a decline of 281.65% compared to -¥3,982,725.45 in the previous year[22]. - The total assets at the end of the reporting period were ¥1,539,862,478.71, a decrease of 9.89% from ¥1,708,946,094.01 at the end of the previous year[20]. - The basic earnings per share for the first half of 2020 was ¥0.39, down 37.10% from ¥0.62 in the same period last year[21]. - The weighted average return on net assets was 3.39%, a decrease of 2.38 percentage points compared to 5.77% in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥39,445,254.95, a decrease of 33.63% from ¥59,431,750.44 year-on-year[20]. - The company's main business revenue was 451.81 million yuan, down 25.53% year-on-year, with main business costs at 343.52 million yuan, a decrease of 26.79%[39]. - The company's main business gross margin was 23.97%, an increase of 1.31 percentage points compared to the same period last year[39]. - The company reported a net profit margin of 274.34 million, which is a decrease of 202.51 million compared to the previous year, reflecting a decline of approximately 42.4%[59]. Research and Development - The company applied for 4 invention patents during the reporting period and obtained 2 authorized invention patents, bringing the total to 28 effective authorized invention patents[34]. - The company has a strong technical research and development team, with R&D expenses accounting for over 4% of operating income in the past three years[34]. - Research and development expenses were ¥23,484,286.42, down 17.01% from ¥28,296,301.54 in the previous year[51]. - The company has made significant investments in research and development, although specific figures were not disclosed in the report[148]. Environmental Management - The company has been recognized for its compliance with national industrial policies and has passed various environmental management certifications, including ISO14001 and ISO45001[35]. - The company has established an environmental management system and obtained ISO14001:2015 certification, indicating its commitment to sustainable practices[62]. - The total wastewater discharge for the first half of 2020 was within the regulatory limits, with no exceedances reported[78]. - The company reported that all emissions from its production processes, including VOCs and particulate matter, are within regulatory limits, with specific emissions of 0.730 tons/year for VOCs and 0.47 tons/year for particulate matter[79]. - The company has completed a clean production audit, resulting in reduced production waste and savings in electricity and gas consumption[80]. - The company has established an emergency response plan for environmental incidents, led by the chairman, to minimize pollution and damage[84]. Shareholder and Capital Management - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, which began on June 15, 2017[66]. - The company will adjust the offering price in case of dividends, stock splits, or capital increases post-listing[67]. - The company has outlined a clear strategy for share management to maintain investor confidence and market stability[66]. - The company has pledged that no more than 25% of its total shares will be transferred annually by its directors and senior management during their tenure[68]. - The company will extend the lock-up period for shares if the stock price falls below the issue price for 20 consecutive trading days[68]. Market and Business Strategy - The company emphasizes a direct sales model and has established a sales channel network covering major downstream customers, enhancing product value through technical services[28]. - The company is actively promoting new products such as PU shoe sole raw materials and PUR hot melt adhesives to meet diverse customer needs[41]. - The company plans to expand its market presence, focusing on new product launches and technological advancements in the upcoming quarters[148]. - Future outlook indicates a focus on market expansion and potential mergers and acquisitions to drive growth in the upcoming quarters[130]. Financial Position and Assets - The company's total current assets as of June 30, 2020, amount to ¥1,121,892,255.10, a decrease from ¥1,383,429,990.33 at the end of 2019[108]. - The total assets at the end of the reporting period are 1,142,460,986 RMB, showing a stable asset base[148]. - The total equity attributable to shareholders reached 1,207,864,539, an increase from the previous year's 1,116,769,908, reflecting a growth of approximately 8.2%[130]. - The company has a total of 106,666,667 shares issued as of June 30, 2020, with a capital increase from the public offering[156]. Compliance and Governance - The company has renewed its audit engagement with Lixin Certified Public Accountants for the 2020 fiscal year, ensuring compliance with financial auditing standards[72]. - The financial statements are prepared in accordance with the enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[162]. - The company has not engaged in any significant related party transactions during the reporting period[75]. - The company has committed to avoiding and reducing related party transactions with Huide Technology, ensuring transactions are conducted with independent third parties[68].
汇得科技(603192) - 2020 Q1 - 季度财报
2020-04-24 16:00
Financial Performance - Operating revenue fell by 31.25% to CNY 211,489,155.83 year-on-year[5] - Net profit attributable to shareholders decreased by 29.49% to CNY 17,588,559.92 compared to the same period last year[5] - Basic and diluted earnings per share both decreased by 32.00% to CNY 0.17[5] - The company's operating revenue for Q1 2020 was RMB 211,489,155.83, a decrease of 31.25% compared to RMB 307,621,946.65 in Q1 2019[14] - Net profit for Q1 2020 was CNY 19,955,409.69, a decline of 33.6% compared to CNY 30,031,534.36 in Q1 2019[26] - Operating profit for Q1 2020 was CNY 20.84 million, down 28.14% from CNY 28.98 million in the same period last year[31] - Net profit for Q1 2020 was CNY 18.10 million, a decline of 30.12% compared to CNY 25.85 million in Q1 2019[32] - The total comprehensive income for Q1 2020 was CNY 18.10 million, a decrease of 30.12% from CNY 25.85 million in Q1 2019[32] Assets and Liabilities - Total assets decreased by 8.42% to CNY 1,565,045,565.90 compared to the end of the previous year[5] - The company's cash and cash equivalents decreased by RMB 68,612,707.53, representing a decline of 46.72% compared to the previous year[13] - The company's total liabilities decreased by RMB 140,500,000.00, a drop of 48.06% compared to the previous year[13] - Total assets as of March 31, 2020, were CNY 1,499,963,428.95, down from CNY 1,656,220,947.59 at the end of 2019[24] - Total liabilities decreased to CNY 290,298,372.07 from CNY 465,339,648.62 year-over-year[24] - Current liabilities decreased to CNY 336,395,880.30 from CNY 498,467,993.60, indicating improved liquidity[19] Cash Flow - Cash flow from operating activities improved by 36.70%, reaching -CNY 69,599,194.92[5] - The net cash flow from operating activities decreased by CNY 69,599,194.92, a reduction of 36.70% compared to the same period last year[16] - Investment activities generated a net cash flow of CNY 22,885,338.35, an increase of 225.36% year-over-year[16] - Financing activities produced a net cash flow of CNY 71,089,771.37, up 154.52% compared to the previous year[16] - The total cash inflow from investment activities was ¥148,237,039.35, while cash outflow was ¥125,351,701.00, resulting in a net cash flow of ¥22,885,338.35 for Q1 2020[35] - Cash inflow from financing activities amounted to ¥110,971,063.96, with cash outflow of ¥39,881,292.59, leading to a net cash flow of ¥71,089,771.37[38] Shareholder Information - The total number of shareholders reached 12,305 at the end of the reporting period[10] - The largest shareholder, Shanghai Huide Enterprise Group Co., Ltd., holds 35.62% of the shares[10] Revenue Recognition - The implementation of the new revenue recognition standards began on January 1, 2020, as mandated by the Ministry of Finance[42] - The company experienced a 100% reclassification of contract liabilities due to the implementation of new revenue recognition standards[14] - The company began implementing the new revenue recognition standards from January 1, 2020, as mandated by the Ministry of Finance[46] Other Financial Metrics - The weighted average return on equity decreased by 0.87 percentage points to 1.46%[5] - Government subsidies recognized during the period amounted to CNY 379,431.43[7] - Non-recurring gains and losses totaled CNY 134,888.87 for the reporting period[8] - The company reported a significant decrease in fair value changes of structured deposits, amounting to CNY -612,707.53, a decline of 171% year-over-year[15] - The company reported a credit impairment loss of CNY 3.42 million in Q1 2020, compared to a reversal of CNY 1.76 million in Q1 2019[31]
汇得科技(603192) - 2019 Q4 - 年度财报
2020-04-17 16:00
Financial Performance - The company's operating revenue for 2019 was CNY 1,439,978,422.27, a decrease of 9.58% compared to CNY 1,592,519,755.40 in 2018[20] - The net profit attributable to shareholders for 2019 was CNY 132,155,389.38, an increase of 14.47% from CNY 115,454,115.13 in 2018[20] - The net profit excluding non-recurring gains and losses was CNY 121,402,540.24, reflecting a 12.73% increase from CNY 107,693,081.77 in 2018[20] - The cash flow from operating activities was CNY 89,401,787.37, a slight decrease of 0.66% compared to CNY 89,992,834.92 in 2018[20] - The total assets at the end of 2019 were CNY 1,708,946,094.01, an increase of 4.56% from CNY 1,634,418,531.33 at the end of 2018[20] - The net assets attributable to shareholders increased to CNY 1,207,864,539.38, up 8.16% from CNY 1,116,769,908.00 in 2018[20] - Basic earnings per share decreased by 4.62% to CNY 1.24 in 2019 compared to CNY 1.30 in 2018[21] - The weighted average return on equity fell to 11.38% in 2019, down 3.21 percentage points from 14.59% in 2018[21] Dividend Policy - The company plans to distribute a cash dividend of CNY 3.72 per 10 shares, totaling CNY 39,680,000.12[5] - The company's cash dividend proposal for 2019 is to distribute a cash dividend of 3.72 RMB per 10 shares, totaling approximately 39.68 million RMB, which accounts for 30.03% of the net profit attributable to shareholders[132] - In 2019, the company distributed a cash dividend of 3.72 CNY per share, totaling approximately 39.68 million CNY, with a payout ratio of 30.03% of the net profit attributable to ordinary shareholders[134] - In 2018, the cash dividend was 3.50 CNY per share, amounting to around 37.33 million CNY, with a payout ratio of 32.34%[134] - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits for ordinary shareholders[135] Business Operations - The company’s main business remains focused on the research, production, and sales of polyurethane resin products, with no significant changes reported[32] - The company employs a direct sales model, emphasizing customized products and technical services to meet client needs[33] - The production model is based on a make-to-order approach, aligning production plans with sales orders to accommodate diverse client requirements[33] - The company added over 100 new customers in 2019, enhancing its market presence[46] - The company is focusing on developing high-tech, high-value-added products to enhance its competitive edge in the market[44] - The company is advancing a project with an annual production capacity of 180,000 tons of polyurethane resin, which is currently in the equipment installation and debugging phase[50] Research and Development - The company holds 26 valid authorized invention patents and has applied for 16 additional patents, reflecting its commitment to R&D[39] - The company applied for 6 invention patents and 1 utility model patent, with 1 invention patent granted in 2019[55] - The company has invested CNY 30.92 million in safety and environmental protection over the past three years, ensuring compliance with national standards[40] - The company is focusing on the development of new products and technologies, particularly in the polyurethane resin sector, which is experiencing stable market demand[80] - The new product, thermoplastic polyurethane elastomer (TPU), is gaining traction across various industries, indicating significant market expansion potential[80] - The company has successfully developed various new products, including solvent-free polyurethane for automotive interiors and TPU for outdoor clothing, which are now in stable mass production[84] Market Performance - The company reported a significant increase in export sales, with a revenue increase of 50.91% year-over-year from foreign sales[62] - The sales volume of leather polyurethane increased by 2.43% year-over-year, reaching 109,382.60 tons, while the production volume increased by 1.27%[63] - The gross margin for leather polyurethane was 23.60%, a decrease of 5.57% compared to the previous year[62] - The revenue from Jiangsu province was CNY 320,631,393.09, with a gross margin of 31.13%, showing a year-over-year increase of 14.32% in revenue[62] Financial Management - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7] - The company has not engaged in any capital reserve transfers to increase share capital[5] - The company has been recognized as a high-tech enterprise and will enjoy a reduced corporate income tax rate of 15% for three consecutive years[49] - The company plans to enhance market promotion efforts for newly developed products, including environmentally friendly polyurethane materials for various applications[48] - The company plans to enhance production capacity and profitability through fundraising projects, although there are risks associated with not achieving expected returns due to market uncertainties[124] Environmental Responsibility - The company has invested in environmental protection facilities and has passed the ISO 14001:2015 certification, but faces risks from increasing environmental compliance costs[122] - The company has a wastewater treatment capacity of 200 tons per day and operates a complete set of waste gas treatment facilities[176] - The company achieved a chemical oxygen demand (COD) discharge of 0.054 tons, which is below the annual limit of 0.13 tons[181] - The company reported a nitrogen discharge of 0.001789 tons, under the annual limit of 0.01 tons[181] - The company has established an ISO14001 environmental management system and has been certified[183] Corporate Governance - The company has established a comprehensive profit distribution decision-making process involving the board of directors and shareholders to ensure transparency and stakeholder engagement[131] - The company has undergone changes in accounting policies, particularly in the classification and measurement of financial assets, aligning with the new financial instrument standards issued by the Ministry of Finance[143] - The financial statements for 2019 will reflect adjustments in the format as per the new guidelines, including the separation of "receivables" into "notes receivable" and "accounts receivable"[146] - The company has not reported any instances of funds being occupied or overdue receivables during the reporting period[143] - The company has not encountered any non-standard audit opinions from its accounting firm during the reporting period[143] Strategic Planning - The company plans to optimize its product structure by developing functional, high-performance, and environmentally friendly polyurethane resins to meet market demands[111] - The company intends to expand its marketing network both domestically and internationally, targeting new customers and products to increase market coverage[115] - The company will pursue acquisitions to enhance product structure, expand sales scale, and strengthen core competitiveness[118] - The company aims to attract high-level talent and optimize its human resources to support its strategic goals[116]
汇得科技(603192) - 2019 Q3 - 季度财报
2019-10-24 16:00
Financial Performance - Operating revenue decreased by 15.87% to CNY 1,061,490,884.85 for the period from January to September[7] - Net profit attributable to shareholders increased by 7.68% to CNY 93,956,386.70 for the same period[7] - Basic and diluted earnings per share decreased by 13.64% to CNY 0.95[8] - The company reported a total profit of ¥41,232,852.16 for Q3 2019, an increase of 1.3% compared to ¥34,791,978.31 in Q3 2018[32] - Net profit for Q3 2019 reached CNY 34.64 million, an increase of 16.0% compared to CNY 29.74 million in Q3 2018[39] - Total operating revenue for Q3 2019 was ¥406,086,649.23, a decrease of 10.3% compared to ¥452,900,122.15 in Q3 2018[31] - Total operating costs for Q3 2019 were ¥364,791,198.65, down 13.1% from ¥419,978,625.33 in Q3 2018[31] - Total profit for the first three quarters of 2019 was CNY 108.94 million, an increase of 16.7% compared to CNY 93.42 million in the same period of 2018[37] Assets and Liabilities - Total assets increased by 2.60% to CNY 1,676,943,301.02 compared to the end of the previous year[7] - Total liabilities at the end of the reporting period amounted to 130,675,068.49 RMB, a 100% increase compared to the previous year[15] - Current assets totaled CNY 1,392,448,075.89 as of September 30, 2019, a decrease of 2.4% from CNY 1,433,742,889.01 on December 31, 2018[21] - Total liabilities decreased to CNY 498,447,659.28 from CNY 517,648,623.33, a reduction of 3.9%[23] - Total current liabilities reached ¥514,176,701.25, with total non-current liabilities at ¥3,471,922.08, resulting in total liabilities of ¥517,648,623.33[46] - The total liabilities to total assets ratio stands at approximately 31.7%, indicating a relatively low leverage level[46] Cash Flow - Cash flow from operating activities decreased by 47.86% to CNY 34,784,292.46 compared to the same period last year[7] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 965.38 million, down 21.5% from CNY 1,230.34 million in the same period of 2018[40] - The net cash flow from operating activities for Q3 2019 was ¥34,784,292.46, a decrease of 47.9% compared to ¥66,710,005.08 in Q3 2018[41] - The company’s cash flow from financing activities showed a significant outflow of -80,649,666.79 RMB, a decrease of 118.77% compared to the previous year[18] - The cash inflow from financing activities was ¥242,940,004.57, a decrease from ¥780,954,618.96 in Q3 2018[43] Shareholder Information - The total number of shareholders reached 11,800 by the end of the reporting period[12] - The largest shareholder, Shanghai Huide Group Co., Ltd., holds 35.62% of the shares[12] - The total equity attributable to shareholders increased to CNY 1,178,495,641.74 from CNY 1,116,769,908.00, reflecting a rise of 5.5%[23] Investment and Expenses - The company received government subsidies amounting to CNY 2,130,529.25 during the reporting period[10] - Research and development expenses for Q3 2019 were ¥20,586,467.17, slightly down from ¥21,853,660.48 in Q3 2018[31] - The company reported a 100% increase in investment income, amounting to 3,198,462.33 RMB, attributed to the purchase of structured deposits[16] - The cash outflow for purchasing fixed assets and intangible assets was ¥88,637,033.37, compared to ¥48,291,032.56 in the previous year, indicating increased investment[41] Financial Ratios and Standards - The weighted average return on equity decreased by 5.85 percentage points to 8.84%[7] - The company is adhering to new financial instrument standards effective from January 1, 2019, which may affect financial reporting and compliance[47] - The company has adopted new financial instrument standards effective from January 1, 2019, aligning with regulatory requirements[51]