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上海雅仕(603329) - 2020 Q3 - 季度财报
2020-10-28 16:00
Financial Performance - Net profit attributable to shareholders reached CNY 59,724,696.40, a significant recovery from a loss of CNY 17,564,622.78 in the same period last year[5] - Basic earnings per share were CNY 0.45, compared to a loss of CNY 0.13 per share in the previous year[5] - Net profit for the first three quarters reached ¥60,084,892.82, a significant improvement compared to a net loss of ¥19,959,725.74 in the same period last year[14] - The company expects a substantial increase in net profit attributable to shareholders for the full year 2020, driven by stable growth in supply chain logistics and prices of key trading products[18] - Net profit for Q3 2020 reached approximately $33.48 million, compared to a net loss of $35.91 million in Q3 2019[28] - The total comprehensive income for Q3 2020 was approximately $33.41 million, compared to a loss of $35.74 million in Q3 2019[29] - The net profit for Q3 2020 reached ¥11,646,119.18, compared to a net loss of ¥31,280,621.36 in Q3 2019, indicating a turnaround in profitability[32] Revenue and Costs - Operating revenue decreased by 8.14% to CNY 1,241,034,839.04 compared to CNY 1,350,936,021.92 in the previous year[5] - Total operating revenue for Q3 2020 was approximately $513.81 million, a 40.7% increase from $364.99 million in Q3 2019[27] - Total operating costs for Q3 2020 were approximately $479.29 million, a decrease of 0.2% compared to $369.36 million in Q3 2019[27] - The total operating expenses for the first three quarters of 2020 were ¥184,980,049.91, down from ¥286,795,624.66 in the same period of 2019, reflecting a decrease of 35.5%[30] Assets and Liabilities - Total assets increased by 23.13% to CNY 1,352,606,099.88 compared to the end of the previous year[5] - Total liabilities rose to RMB 572,261,479.27 from RMB 407,801,560.08, reflecting an increase of approximately 40.3%[22] - The equity attributable to shareholders increased to RMB 659,366,237.36 from RMB 599,565,630.67, showing a growth of about 10%[22] - Current assets totaled RMB 744,878,013.67, slightly up from RMB 716,387,872.00 at the end of 2019, indicating a growth of about 4.1%[20] - Total liabilities reached ¥407,801,560.08, with current liabilities accounting for ¥198,093,153.24[46] Cash Flow - Cash flow from operating activities showed an improvement, with a net cash outflow of CNY 6,849,523.84, compared to a larger outflow of CNY 9,604,278.10 in the same period last year[5] - The company's cash inflow from operating activities totaled ¥1,587,240,497.62 for the first three quarters of 2020, down from ¥1,908,302,746.08 in the same period of 2019, indicating a decline of 16.8%[34] - Cash flow from financing activities generated a net inflow of CNY 77,583,173.97 in Q3 2020, compared to a net outflow of -CNY 55,551,046.35 in Q3 2019[38] - The net cash flow from financing activities was ¥143,974,190.61, reflecting increased loans from financial institutions and investments from minority shareholders[16] Shareholder Information - The total number of shareholders reached 14,147, indicating a stable shareholder base[9] - Jiangsu Yashi Investment Group holds 51.00% of the shares, with 40,000,000 shares pledged[9] Inventory and Receivables - Accounts receivable increased by 181.65% to ¥2,398,998.19, attributed to notes receivable from financial companies[12] - Inventory rose by 37.79% to ¥165,501,163.34, mainly due to an increase in iron ore stock[12] - The company reported a significant increase in inventory, which rose to RMB 165,501,163.34 from RMB 120,114,697.75, representing an increase of approximately 37.7%[20] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[5] - The company plans to focus on market expansion and new product development as part of its future strategy, although specific details were not provided in the report[30] Other Income and Expenses - Non-operating income for the period amounted to CNY 2,694,060.05, down from CNY 4,269,584.29 in the previous year[8] - The company reported a credit impairment loss of approximately $63.95 million in Q3 2020, compared to a loss of $3.49 million in Q3 2019[28] - The company reported a decrease in sales expenses to ¥3,715,705.97 for the first three quarters of 2020, down from ¥8,950,969.02 in the same period of 2019, a reduction of 58.5%[30]
上海雅仕(603329) - 2020 Q2 - 季度财报
2020-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥727,228,124.46, a decrease of 26.24% compared to ¥985,945,516.60 in the same period last year[21] - The net profit attributable to shareholders of the listed company increased by 49.44% to ¥26,535,490.47, up from ¥17,756,081.30 in the previous year[21] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 116.45% to ¥24,959,966.23, compared to ¥11,531,486.74 in the same period last year[21] - The net cash flow from operating activities was negative at -¥75,651,431.95, a significant decline from ¥20,787,697.67 in the previous year, representing a decrease of 463.92%[21] - Basic earnings per share for the first half of 2020 were ¥0.20, up 53.85% from ¥0.13 in the same period last year[22] - The weighted average return on net assets increased by 1.87 percentage points to 4.29% from 2.42% in the previous year[22] - The diluted earnings per share also stood at ¥0.20, reflecting a 53.85% increase compared to the previous year[22] - The company reported a total non-recurring gains and losses of RMB 1,575,524.24, with significant contributions from government subsidies and other non-operating income[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,181,796,308.89, an increase of 7.59% from ¥1,098,476,277.58 at the end of the previous year[21] - The net assets attributable to shareholders of the listed company increased by 4.45% to ¥626,271,887.84, compared to ¥599,565,630.67 at the end of the previous year[21] - Total liabilities increased by 10.97% to ¥452,535,777.76, primarily due to increased short-term borrowings[43] - The total non-current assets increased by 23.35% to CNY 471,302,120.25, reflecting ongoing investments in construction projects[42] - Accounts receivable increased by 34.14% to CNY 128,895,951.18, mainly due to an increase in receivables from supply logistics[42] - Inventory rose by 36.00% to CNY 163,352,586.09, mainly due to an increase in sulfur inventory[42] Cash Flow - The net cash flow from operating activities for the first half of 2020 was -75,651,431.95 RMB, a significant decline compared to 20,787,697.67 RMB in the same period of 2019, representing a decrease of approximately 463.4%[113] - Total cash inflow from operating activities decreased to 912,522,800.12 RMB in 2020 from 1,348,297,762.84 RMB in 2019, reflecting a decline of about 32.3%[113] - Cash outflow from operating activities also decreased to 988,174,232.07 RMB in 2020 from 1,327,510,065.17 RMB in 2019, a reduction of approximately 25.6%[113] - The net cash flow from investing activities was -108,854,124.24 RMB in the first half of 2020, compared to 11,158,939.00 RMB in the same period of 2019, indicating a decline of about 1,000.5%[114] - Cash inflow from financing activities increased to 161,108,750.04 RMB in 2020 from 82,500,000.00 RMB in 2019, marking an increase of approximately 95.0%[114] Business Strategy and Development - The company is focusing on upgrading its business model, emphasizing one-on-one supply chain contracting and accelerating the construction of multi-platform and multi-base supply chain services[26] - The company aims to enhance customer loyalty by providing customized logistics solutions, effectively reducing inventory costs and port fees for clients[27] - The company plans to launch multiple supply chain projects by the end of the year, enhancing its operational capabilities and market presence[26] - The company is actively developing new businesses in alumina, bauxite, petroleum coke, and copper concentrate, with a focus on expanding these product lines[35] - The company plans to focus on market expansion and new product development in the upcoming quarters[110] Risks and Compliance - The company faces risks including industry sensitivity to economic fluctuations and policy changes, which could impact its logistics operations[51] - The company has established safety management systems to mitigate operational risks associated with multi-modal transportation[52] - Environmental management systems are in place to address potential compliance risks with future environmental regulations[52] - The company is exposed to foreign exchange risks due to its international operations, which could affect procurement costs[52] Shareholder and Stock Management - The company does not plan to distribute dividends or issue new shares for the first half of 2020[56] - The company has established specific rules for the transfer of shares by directors and senior management to ensure compliance with regulatory requirements[59] - The company will adhere to the Shanghai Stock Exchange's rules regarding the transfer of shares by directors and senior management[58] - The company has implemented a stock buyback plan to stabilize share prices if the stock price falls below the latest audited net asset value per share[63] - The controlling shareholder is committed to increasing their stake in the company, with a minimum investment of 20% of the cash dividends received in the previous fiscal year[63] Financial Reporting and Compliance - The financial statements comply with the accounting standards set by the Ministry of Finance[139] - The company confirms its ability to continue as a going concern for the next 12 months[137] - The company uses RMB as its functional currency for accounting purposes[142] - The company recognizes its share of assets and liabilities in joint operations and accounts for them according to relevant accounting standards[150] Inventory and Asset Management - The company applies a perpetual inventory system for inventory management, ensuring accurate tracking of stock levels[172] - The company determines the net realizable value of inventory based on estimated selling prices minus estimated costs and related taxes[171] - The company uses the weighted average method for inventory valuation upon issuance[170] - The company assesses significant influence over investees based on the ability to participate in financial and operational decisions without controlling them[178]
上海雅仕(603329) - 2019 Q4 - 年度财报
2020-04-29 16:00
Financial Performance - The company's operating revenue for 2019 was CNY 1,755,374,980.38, representing a slight increase of 0.31% compared to CNY 1,749,948,948.69 in 2018[24]. - The net profit attributable to shareholders of the listed company was CNY -98,807,436.93, a decrease of 319.63% from CNY 44,988,785.85 in the previous year[24]. - The basic earnings per share for 2019 was CNY -0.75, a decline of 320.59% compared to CNY 0.34 in 2018[25]. - The company's total assets decreased by 19.39% to CNY 1,098,476,277.58 at the end of 2019, down from CNY 1,362,624,761.72 in 2018[24]. - The cash flow from operating activities was CNY 171,841,428.12, a significant recovery from CNY -122,352,784.41 in 2018[24]. - The weighted average return on equity for 2019 was -14.91%, a decrease of 21.08 percentage points from 6.17% in 2018[25]. - The company reported a net profit of CNY -81,242,814.15 in Q4 2019, following a trend of negative profits in the latter half of the year[27]. - The net assets attributable to shareholders of the listed company decreased by 18.17% to CNY 599,565,630.67 at the end of 2019[24]. - The gross profit margin for the supply chain logistics business was 9.84%, down 1.59 percentage points from the previous year, primarily due to a decline in third-party agency margins[52]. - The gross profit margin for the supply chain execution trade business was 2.13%, a decrease of 3.58 percentage points, attributed to falling prices of key trading products like sulfur and alumina[52]. - The company reported a total revenue of 58,911.09 million RMB from its supply chain execution trade, with a loss of 227.77 million RMB in operating profit[79]. - The company’s subsidiary, Xinjiang Xinsi, reported a significant loss of 3,942.41 million RMB in operating profit, indicating challenges in the logistics service sector[79]. Audit and Compliance - The company received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The company has appointed Lixin Certified Public Accountants as its auditing firm[21]. - The company has not received a non-standard audit opinion from its accounting firm[111]. - The audit report confirmed compliance with accounting standards and provided a basis for the audit opinion[187]. - Key audit matters were identified, emphasizing their importance in the overall audit of the financial statements[188]. Shareholder and Dividend Information - The company did not distribute profits for 2019 and did not increase capital reserves or distribute in other forms[5]. - The total distributable profit for 2019 was 0 RMB, leading to a proposed profit distribution plan of no profit distribution and no capital reserve transfer to increase share capital[92]. - The company’s cash dividend policy stipulates that at least 10% of the distributable profit will be distributed in cash if conditions are met[91]. - The company did not propose any cash profit distribution plan for 2019 despite having a positive profit for ordinary shareholders[94]. - The company has not engaged in share buybacks that would count as cash dividends during the reporting period[94]. - The company’s capital reserve and undistributed profits indicate a potential for future dividend distribution once profitability improves[92]. Operational Strategy and Future Plans - The company plans to enhance its supply chain total package business and accelerate the construction of multiple supply chain platforms and bases, with operations expected to commence in 2020[33]. - The company is focusing on customized supply chain services by integrating various logistics and trade models to meet diverse customer needs[33]. - The company is developing two supply chain platform projects, one in Lianyungang for asphalt supply, expected to be operational in 2020, and another in Anhui for hazardous chemicals, targeting semiconductor manufacturing needs[42]. - The "Belt and Road" supply chain base project in Lianyungang officially commenced construction at the end of 2019, with plans to be operational by early 2021[42]. - The company is focusing on multi-modal transport services, enhancing logistics capabilities to reduce customer transportation costs and increase supply chain product value[41]. - The company plans to enhance its supply chain capabilities through the completion of the Belt and Road supply chain base project in Lianyungang, which will create a 7,000 km service channel[43]. - The company is focusing on attracting resource-rich products from surrounding countries to meet the growing demand for resource products in China[43]. - The company aims to become the best practitioner in China's supply chain service sector, focusing on value-added services[84]. Risk Management - The company has detailed risk descriptions in the report, particularly in the section discussing operational risks[7]. - The company faces risks related to industry conditions and policy dependencies, which are critical for its logistics operations[87]. - The company’s accounts receivable are increasing alongside revenue growth, posing potential collection risks[88]. - The company has established a comprehensive safety management system, with no major safety incidents reported during the reporting period[87]. Corporate Governance - The company has established a performance-oriented compensation system to motivate employees and ensure stability within the core business team[168]. - The company maintained independence in its operations, ensuring no undue influence from controlling shareholders[172]. - The company has not faced any penalties from securities regulatory authorities in the past three years[166]. - The company held a total of 6 board meetings during the reporting period, adhering to the regulations of the Articles of Association and the Rules of Procedure for Board Meetings[173]. - The supervisory board convened 5 meetings, ensuring compliance with the Company Law and the Articles of Association, and conducted checks on the preparation of the 2019 regular report[174]. Employee and Management Information - The company employed a total of 379 staff, with 28 in the parent company and 351 in major subsidiaries[167]. - The employee composition included 76 management and administrative personnel, 105 business personnel, and 108 production workers[167]. - The total pre-tax remuneration for the board members and senior management during the reporting period amounts to 340.79 million yuan[156]. - The remuneration for directors and supervisors is determined by the shareholders' meeting, while senior management remuneration is decided by the board of directors[164]. Market and Industry Insights - The logistics industry maintained a healthy growth with a logistics demand growth rate of 5.9% in 2019, despite a slowdown compared to the previous year[69]. - The logistics sector is expected to see significant development in specialized logistics, including cold chain and hazardous materials logistics, driven by demand upgrades in fresh goods and pharmaceuticals[80]. - The logistics industry's profitability remains under pressure, with the main business profit index averaging 50.1% in 2019, a decrease of 0.2 percentage points year-on-year[82]. - The overall logistics costs have increased by 10.6% in 2019, reflecting rising operational expenses in the industry[83].
上海雅仕(603329) - 2020 Q1 - 季度财报
2020-04-29 16:00
Financial Performance - Operating revenue for the first quarter was CNY 329,268,570.13, a decline of 39.46% year-on-year[6] - Net profit attributable to shareholders increased by 30.02% to CNY 9,348,107.45 compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 75.29% to CNY 8,967,678.20[6] - Basic and diluted earnings per share were CNY 0.0708, up 29.91% from the previous year[6] - The company reported a significant decrease in sales expenses, which were ¥5,328,225.42 in Q1 2020 compared to ¥9,448,649.63 in Q1 2019, a reduction of 43.5%[30] - The company's net profit attributable to shareholders for Q1 2020 was ¥9,348,107.45, compared to ¥7,189,945.51 in Q1 2019, representing an increase of approximately 30%[31] Cash Flow - The company reported a net cash flow from operating activities of -CNY 69,714,896.03, compared to -CNY 3,814,656.25 in the same period last year[6] - Net cash flow from operating activities was negative at -¥69,714,896.03, a significant decrease compared to -¥3,814,656.25 in the previous year[17] - The net cash flow from operating activities for Q1 2020 was -¥69,714,896.03, compared to -¥3,814,656.25 in Q1 2019, indicating a worsening cash flow situation[35] - The total cash outflow from operating activities was 143,698,317.04 RMB, an increase of 40.5% from 102,226,363.49 RMB in the same quarter last year[40] - The company’s total cash and cash equivalents decreased by 54,272,175.18 RMB during the quarter, compared to a decrease of 8,581,417.88 RMB in the same period last year[40] Assets and Liabilities - Total assets decreased by 4.32% to CNY 1,050,974,108.47 compared to the end of the previous year[6] - Total liabilities as of March 31, 2020, were ¥201,130,078.74, compared to ¥198,093,153.24 at the end of 2019[27] - Current liabilities reached ¥407,801,560.08, including short-term borrowings of ¥90,152,436.00 and accounts payable of ¥141,947,023.03[43] - The company’s total liabilities and shareholders' equity equaled ¥1,098,476,277.58, indicating a balanced financial position[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 14,202[11] - The largest shareholder, Jiangsu Yashi Investment Group Co., Ltd., held 51.00% of the shares, with 40,000,000 shares pledged[11] Investments and Subsidies - The company received government subsidies amounting to CNY 75,423.63 during the reporting period[8] - Investment activities generated a net cash flow of -¥74,737,612.45, a decline of 230.68% from the previous year's positive cash flow[17] - The company reported a 74.60% decrease in investment income to ¥340,410.50 from ¥1,339,936.94, due to reduced earnings from equity method investments[16] - Investment income for Q1 2020 was a loss of ¥22,443.44, compared to a gain of ¥672,528.91 in Q1 2019, indicating challenges in investment performance[33] Changes in Assets - Cash and cash equivalents decreased by 44.44% to ¥185,184,024.17 from ¥333,321,391.08 due to payments for project costs and purchases[14] - Accounts receivable increased by 76.49% to ¥169,592,772.38 from ¥96,092,838.07, indicating an increase in receivables within the credit period[14] - Prepayments rose by 86.30% to ¥51,827,504.09 from ¥27,818,721.18, attributed to increased prepayments for railway freight and goods[14] - Construction in progress increased by 81.37% to ¥111,641,149.44 from ¥61,554,541.27, reflecting investments in new logistics projects[14] - The company's total equity increased to ¥701,488,542.82 from ¥690,674,717.50, reflecting a growth of 1.2%[27]
上海雅仕(603329) - 2019 Q3 - 季度财报
2019-10-30 16:00
Financial Performance - Net profit attributable to shareholders was CNY -17,564,622.78, representing a decline of 137.40% year-on-year[7] - Basic and diluted earnings per share were both CNY -0.13, a decrease of 136.11% year-on-year[7] - Net profit for the period was -¥19,959,725.74, a decrease of 142.57% compared to the same period last year, primarily due to a sharp decline in sulfur prices and inventory impairment provisions[16] - The company reported a total profit loss of ¥43,581,761.74 in Q3 2019, compared to a profit of ¥9,237,143.29 in Q3 2018[30] - The net profit for Q3 2019 was a loss of CNY 31,280,621.36, compared to a profit of CNY 4,434,078.63 in Q3 2018, marking a significant decline[34] Revenue and Costs - Operating revenue for the period reached CNY 1,350,936,021.92, an increase of 14.16% compared to the same period last year[7] - Total operating revenue for Q3 2019 was ¥364,990,505.32, a decrease of 21.3% compared to ¥463,972,109.86 in Q3 2018[28] - Total operating costs for Q3 2019 were ¥369,355,009.93, down 18.7% from ¥454,209,247.53 in Q3 2018[28] - For the first three quarters of 2019, the total operating revenue reached CNY 293,522,319.57, an increase of 15.7% from CNY 253,811,076.98 in the same period of 2018[33] Cash Flow - The net cash flow from operating activities was CNY -9,604,278.10, compared to CNY -199,605,401.24 in the same period last year[7] - Cash inflow from operating activities in the first three quarters of 2019 was CNY 1,908,302,746.08, a decrease from CNY 1,988,371,694.13 in the same period of 2018[36] - Net cash flow from operating activities for the first three quarters of 2019 was -22,795,838.55 RMB, an improvement from -151,250,476.98 RMB in the same period of 2018[40] - The company reported a net increase in cash and cash equivalents of 7,144,955.87 RMB, contrasting with a decrease of -211,547,715.20 RMB in the previous year[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,128,919,335.96, a decrease of 17.15% compared to the end of the previous year[7] - The company’s total liabilities decreased by 43.33% for notes payable to ¥63,697,650.00, primarily due to the maturity of issued notes[14] - Total liabilities decreased from ¥567,310,638.68 to ¥385,825,771.03, a decline of around 32.0%[22] - Owner's equity decreased from ¥795,314,123.04 to ¥743,093,564.93, a decrease of about 6.6%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,624[11] - The largest shareholder, Jiangsu Yashi Investment Group Co., Ltd., held 51.00% of the shares, with 30,200,000 shares pledged[11] Inventory and Receivables - Accounts receivable increased by 29.13% to ¥212,702,757.89, attributed to an increase in sales volume[13] - Inventory decreased by 30.68% to ¥179,054,575.42, mainly due to sales of previously purchased inventory and significant provisions for inventory impairment[13] - The company’s accounts receivable decreased by ¥1,231.84, indicating potential challenges in collections[49] Other Financial Metrics - The weighted average return on net assets decreased by 8.89 percentage points to -2.48%[7] - Financial expenses increased by 61.65% to ¥4,600,587.00, mainly due to increased exchange losses[16] - The company reported a significant decrease in interest income by 26.27% to ¥2,016,958.30, reflecting a reduction in cash funds[16] - The company recorded a total investment income of CNY 60,562,117.98 for the first three quarters of 2019, down from CNY 70,839,985.62 in the same period of 2018[34]
上海雅仕(603329) - 2019 Q2 - 季度财报
2019-08-28 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was CNY 985,945,516.60, representing a 37.04% increase compared to CNY 719,445,462.00 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 53.03% to CNY 17,756,081.30 from CNY 37,804,858.08 year-on-year[18]. - The net profit after deducting non-recurring gains and losses fell by 66.38% to CNY 11,531,486.74 compared to CNY 34,295,235.26 in the previous year[18]. - Basic earnings per share dropped by 55.17% to CNY 0.13 from CNY 0.29 in the same period last year[19]. - The weighted average return on net assets decreased by 2.7 percentage points to 2.42% from 5.12% year-on-year[19]. - The company reported a net profit of 1,240.39 million yuan from its subsidiary Yashi Trading, with a total asset value of 20,216.37 million yuan[48]. - The company reported a significant drop in other receivables from CNY 57,004,858.64 to CNY 13,144,909.48, a decrease of approximately 77.0%[106]. - The company reported a total guarantee amount of RMB 90 million, which accounts for 12.57% of the company's net assets[77]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 20,787,697.67, a significant recovery from a negative cash flow of CNY -67,460,999.40 in the same period last year[18]. - Cash inflow from operating activities for the first half of 2019 was CNY 1,348,297,762.84, an increase of 12.5% compared to CNY 1,198,910,758.45 in the first half of 2018[121]. - Cash outflow for purchasing goods and services was CNY 1,008,341,860.35, up from CNY 725,426,148.70, reflecting a 38.9% increase year-over-year[121]. - The ending cash and cash equivalents balance was CNY 171,342,594.17, down from CNY 258,639,879.08 at the end of the first half of 2018[122]. - The company received CNY 170,000,000.00 from investment recoveries, indicating a strong recovery in investment cash inflows[124]. Assets and Liabilities - The total assets decreased by 22.29% to CNY 1,058,940,504.75 from CNY 1,362,624,761.72 at the end of the previous year[18]. - The company's current assets decreased from CNY 1,199,387,854.91 as of December 31, 2018, to CNY 834,426,557.90 as of June 30, 2019, representing a decline of approximately 30.4%[106]. - Total liabilities decreased from CNY 567,310,638.68 to CNY 280,269,251.24, a reduction of about 50.6%[108]. - The company's long-term equity investments increased slightly from CNY 31,134,441.31 to CNY 32,470,534.15, an increase of about 4.3%[106]. - The total current assets decreased from CNY 570,468,796.36 to CNY 411,268,992.68, a decrease of about 28%[110]. Business Strategy and Development - The company is transitioning from traditional supply chain logistics to a comprehensive supply chain package, platform, and base business model[25]. - The company is focusing on multi-modal transport services, enhancing logistics efficiency for large industrial clients[26]. - The company is actively pursuing international supply chain service capabilities in line with the Belt and Road Initiative[31]. - The company is developing customized logistics solutions to enhance customer loyalty and reduce inventory costs[27]. - The company plans to establish a supply chain base in Lianyungang as part of the Belt and Road Initiative, aiming to connect China's eastern coastal regions with countries around the Caspian Sea[37]. Shareholder and Equity Management - The company does not plan to distribute cash dividends or issue new shares for the first half of 2019[56]. - The company committed to not transferring or entrusting the management of shares held before the public offering for 36 months from the date of listing[58]. - The company will limit the transfer of shares by directors and senior management to no more than 25% of their total holdings each year during their tenure[58]. - The company has established a commitment to comply with relevant regulations regarding share transfers by directors and senior management[60]. - The company will ensure that any share reduction by directors and senior management will not affect the effectiveness of their commitments upon leaving or changing positions[60]. Risk Management - The company faces risks related to industry conditions, safety operations, environmental regulations, and foreign exchange fluctuations[51]. - The company’s logistics services are sensitive to price fluctuations in railway and port services, which could impact profitability[52]. - The company has established safety management systems to mitigate operational risks, with no major safety incidents reported during the reporting period[51]. - The company’s accounts receivable have increased alongside revenue growth, posing potential collection risks[51]. Accounting and Compliance - The company has reappointed Lixin Accounting Firm as its financial and internal control auditor for the fiscal year 2019, with the decision approved by the board and shareholders[72]. - There were no significant lawsuits or arbitration matters during the reporting period[73]. - The company did not report any significant accounting errors that required retrospective restatement during the reporting period[83]. - The company has made necessary adjustments to its financial reporting in compliance with the revised accounting standards[83]. - The company adheres to the Chinese Accounting Standards and ensures that its financial statements accurately reflect its financial position and operating results[152]. Inventory and Receivables Management - Inventory levels dropped by 58.88% to ¥106,218,958.78, compared to ¥258,317,435.28, as inventory from earlier purchases was sold[42]. - Accounts receivable decreased by 52.49% to ¥65,274,972.78, down from ¥137,380,119.09, due to reduced collection of acceptance bills[42]. - The company classifies inventory into categories such as raw materials, work in progress, and finished goods, and uses the weighted average method for inventory valuation upon issuance[197][198]. - The company assesses the credit risk of receivables by grouping them based on their aging characteristics, applying different loss provision rates accordingly[190].
上海雅仕(603329) - 2019 Q1 - 季度财报
2019-04-24 16:00
2019 年第一季度报告 公司代码:603329 公司简称:上海雅仕 上海雅仕投资发展股份有限公司 2019 年第一季度报告 1 / 20 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 9 | 2019 年第一季度报告 一、 重要提示 2.1 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。 2.2 公司全体董事出席董事会审议季度报告。 二、 公司基本情况 2.5 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 | 1,073,685,508.93 | 1,362,624,761.72 | | | -21.20 | | 归属于上市公 | | | | | | | 司股东的净资 | 739,545,001.04 | 732,6 ...
上海雅仕(603329) - 2018 Q4 - 年度财报
2019-04-24 16:00
Financial Performance - The net profit for the year 2018 was CNY 64,046,631.56, with a distributable profit of CNY 57,641,968.40 after statutory reserve allocation[5]. - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares, totaling CNY 33,000,000[5]. - As of December 31, 2018, the accumulated distributable profit was CNY 99,228,331.16, and the capital reserve was CNY 360,562,688.90[5]. - In 2018, the company's operating revenue was approximately CNY 1.75 billion, an increase of 2.93% compared to 2017[21]. - The net profit attributable to shareholders was CNY 44.99 million, a decrease of 42.20% from the previous year[21]. - The net cash flow from operating activities was negative CNY 122.35 million, a decline of 381.76% compared to 2017[21]. - The total assets at the end of 2018 reached CNY 1.36 billion, representing an 18.70% increase from 2017[21]. - The basic earnings per share decreased by 56.41% to CNY 0.34 in 2018[22]. - The weighted average return on equity dropped to 6.17%, down 13.64 percentage points from the previous year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 38.48 million, a decrease of 48.86% from 2017[21]. Operational Changes - The company upgraded its business model from traditional supply chain logistics to supply chain total package and platform services in 2018[31]. - The company actively explored and attempted to develop supply chain platform and base business during the reporting period[31]. - The company reported a quarterly operating revenue of CNY 566.53 million in Q4 2018, the highest among the four quarters[25]. - The company is focusing on enhancing its customized service capabilities to strengthen relationships with major industrial clients and expand its customer base[39]. - The company aims to develop a "multi-to-multi" supply chain base business in response to the Belt and Road Initiative, facilitating global industrial division and integration[39]. Industry Context - In 2018, China's logistics industry saw a total social logistics volume of 283.1 trillion yuan, with a year-on-year growth of 6.4%, reflecting a slight decline compared to the previous year[35]. - The logistics cost for the entire society rose to 13.3 trillion yuan in 2018, with a year-on-year increase of 9.8%, indicating a slight uptick in the cost-to-GDP ratio to 14.8%[37]. - The logistics industry in China is experiencing a structural optimization, with industrial logistics accounting for 90.7% of the total social logistics volume, growing by 6.2% year-on-year[36]. - The logistics market scale growth is expected to narrow below the economic growth rate in 2019, particularly affecting the dominant road freight sector due to policy adjustments[84]. - Cross-border e-commerce logistics is anticipated to become a market blue ocean, driven by rising domestic consumer demand for foreign products[86]. Risk Management - The company emphasizes the importance of understanding the difference between plans, forecasts, and commitments, highlighting investment risks[6]. - The report includes a detailed description of potential risks faced by the company[7]. - The company faces risks related to industry conditions and policy changes, which can significantly impact its operations due to the logistics sector's sensitivity to economic fluctuations[96]. - The company has identified potential risks from foreign exchange fluctuations, which could affect procurement costs and overall financial performance[97]. - The company is aware of the risks associated with accounts receivable as its business scales, which may impact financial results if certain clients delay payments[97]. Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - There are no violations of decision-making procedures regarding external guarantees[7]. - The company has committed to adhere to regulations regarding share transfers by major shareholders and management, ensuring compliance with relevant securities laws[104]. - The company has established a cash dividend policy, ensuring that at least 10% of the distributable profit is distributed in cash if conditions are met, with a cumulative distribution of no less than 30% over three years[100]. - The company has implemented a "5+N" management model to enhance organizational management and strategic development, focusing on human resources, financial investment, legal compliance, risk control, and supply chain collaboration[93]. Shareholder Information - The total number of ordinary shareholders reached 17,657 by the end of the reporting period, an increase from 16,068 in the previous month[145]. - Jiangsu Yashi Investment Group holds 67,320,000 shares, representing 51.00% of the total shares, with 24,000,000 shares pledged[147]. - The company issued 33,000,000 ordinary shares at a price of 10.54 RMB per share, officially listed on December 29, 2017[142]. - The company has not disclosed any environmental information for companies outside the key pollutant discharge units[136]. - The company has not reported any significant changes in its debt situation or credit status during the reporting period[138]. Audit and Financial Reporting - The company’s financial report has been audited and received a standard unqualified opinion from the accounting firm[4]. - The company appointed Lixin Accounting Firm as its financial audit institution for the 2018 fiscal year, with an audit fee of CNY 600,000[121]. - The audit report confirms that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2018[186]. - The audit identified accounts receivable bad debt provision as a key audit matter due to the significant judgment involved in management's assessment[190]. - Management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and for maintaining effective internal controls[192].
上海雅仕(603329) - 2018 Q3 - 季度财报
2018-10-30 16:00
Financial Performance - Net profit attributable to shareholders decreased by 8.26% to CNY 46,959,249.48 for the first nine months of the year[6] - Basic and diluted earnings per share decreased by 30.77% to CNY 0.36[7] - The net profit after deducting non-recurring gains and losses decreased by 16.34% to CNY 41,201,210.92[6] - The total profit for the first nine months of 2018 was CNY 72,334,643.18, up from CNY 46,999,414.88 in the same period last year, reflecting a year-over-year increase of approximately 54.1%[33] - The company's operating profit for Q3 2018 was CNY 4,402,039.28, compared to a loss of CNY 2,024,449.55 in Q3 2017, showing a substantial improvement[33] - The basic and diluted earnings per share for Q3 2018 were both CNY 0.07, compared to CNY 0.16 in Q3 2017, reflecting a decrease of approximately 56.3%[30] Revenue and Expenses - Operating revenue increased by 1.09% to CNY 1,183,417,571.86 for the first nine months of the year[6] - Total revenue for the first nine months was ¥1,183,417,571.86, up from ¥1,170,712,285.64, indicating a growth of approximately 1.1%[26] - Total operating expenses for the first nine months were ¥1,130,151,588.00, compared to ¥1,104,957,669.04, reflecting an increase of about 2.3%[27] Assets and Liabilities - Total assets decreased by 1.96% to CNY 1,125,390,937.06 compared to the end of the previous year[6] - Total liabilities amounted to ¥326,593,456.01, a decrease from ¥355,121,065.31[20] - Total equity increased to ¥798,797,481.05 from ¥792,807,473.79, reflecting a growth of approximately 0.12%[20] - Current assets totaled ¥487,682,686.17, slightly down from ¥488,423,868.00[23] Cash Flow - Net cash flow from operating activities was negative at CNY -199,605,401.24, compared to CNY -85,315,597.08 in the same period last year[6] - Cash flow from operating activities showed a net outflow of ¥199,605,401.24, worsening from a net outflow of ¥85,315,597.08 in the previous year[14] - Cash flow from investing activities resulted in a net outflow of ¥53,990,763.73, significantly higher than a net inflow of ¥393,820.37 in the previous year[14] - Cash flow from financing activities recorded a net outflow of ¥36,865,807.87, compared to a smaller outflow of ¥3,448,827.71 in the previous year[14] Shareholder Information - The total number of shareholders reached 17,191 at the end of the reporting period[10] - The largest shareholder, Jiangsu Yashi Investment Group Co., Ltd., holds 51.00% of the shares, with 24,000,000 shares pledged[10] Inventory and Receivables - Total accounts receivable increased by 71.19% to ¥148,726,401.71 compared to the previous year[13] - Inventory surged by 166.40% to ¥171,629,550.07, reflecting increased stock levels of traditional business varieties[13] - Accounts receivable dropped to ¥5,138,962.38 from ¥20,493,648.54, a decrease of approximately 74.9%[22] - Inventory increased to ¥57,297,515.28 from ¥22,042,199.43, showing a growth of about 159.5%[23] Financial Expenses - Financial expenses rose by 32.08% to ¥2,845,947.69, driven by increased interest income and short-term loan interest expenses[14] - Interest expenses increased by 71.43% to ¥5,417,620.52, primarily due to higher short-term loan interest compared to the same period last year[14] Investment Income - Investment income grew by 152.03% to ¥4,680,418.34, mainly due to increased wealth management returns[14] - The company reported investment income of CNY 2,677,822.18 in Q3 2018, down from CNY 5,980.03 in the same period last year[33] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[33]
上海雅仕(603329) - 2018 Q2 - 季度财报
2018-08-23 16:00
Financial Performance - The company's operating revenue for the first half of 2018 was approximately CNY 719.45 million, representing a 1.29% increase compared to CNY 710.29 million in the same period last year[25]. - The net profit attributable to shareholders of the listed company was approximately CNY 37.80 million, an increase of 6.02% from CNY 35.66 million year-on-year[25]. - The basic earnings per share decreased by 19.44% to CNY 0.29 from CNY 0.36 in the same period last year[21]. - The weighted average return on net assets decreased to 5.12%, down 4.43 percentage points from 9.55% in the previous year[21]. - The net cash flow from operating activities was negative at approximately CNY -67.46 million, a decline of 161.42% compared to CNY -25.81 million in the same period last year[25]. - The total assets at the end of the reporting period were approximately CNY 1.11 billion, a decrease of 3.37% from CNY 1.15 billion at the end of the previous year[25]. - The net assets attributable to shareholders of the listed company were approximately CNY 725.35 million, a slight decrease of 0.18% from CNY 726.63 million at the end of the previous year[25]. - The company reported a decrease in the return on net assets after deducting non-recurring gains and losses, which fell to 4.64% from 9.29% year-on-year, a decrease of 4.65 percentage points[21]. - The company recognized a total of CNY 3.51 million in non-recurring gains during the reporting period[24]. Logistics and Supply Chain - The company primarily engages in supply chain logistics and execution trade, providing customized services to large industrial clients, with a focus on the sulfur-phosphorus chemical, non-ferrous metals, and coal industries[27]. - The total logistics volume in the country reached 131.1 trillion yuan, with a year-on-year growth of 6.9%, while the industrial product logistics volume was 119 trillion yuan, growing by 6.7%[34]. - The logistics prosperity index averaged 53.9% during the reporting period, indicating a high level of activity in the logistics sector, with the handling and transportation services averaging 53% and over 60% respectively[34]. - The company's multi-modal transport services are tailored to meet the specific needs of industrial enterprises, with flexible pricing strategies including all-inclusive pricing for door-to-door services[30]. - The company has established long-term stable relationships with key suppliers and customers, ensuring a steady supply of goods and efficient sales systems[32]. - Transportation costs amounted to 3.1 trillion yuan, with a year-on-year increase of 8.3%, although the growth rate has slowed compared to the previous year[35]. - The logistics service prices, particularly for road freight, have been declining, indicating increased financial pressure on logistics companies[36]. - The company leverages its logistics capabilities to support execution trade in sulfur-phosphorus chemicals and non-ferrous metals, enhancing its competitive advantage in these sectors[29]. - The logistics total cost was 6.1 trillion yuan, reflecting a year-on-year growth of 9%, with the ratio of logistics costs to GDP at 14.5%, slightly down from the previous year[34]. - The company is actively pursuing innovation in logistics, including the integration of "Internet+" technologies to enhance resource coordination and improve operational efficiency[36]. Business Development and Strategy - The company is actively expanding into new supply chain logistics products, including crude oil and asphalt, to enhance service value and customer recognition[46]. - The company has initiated new business development strategies, focusing on supply chain contracting, platforms, and bases, achieving significant progress in the first half of 2018[46]. - The company plans to accelerate the upgrade of traditional businesses and expand the range of supply chain clients in the second half of the year[47]. - The company aims to ensure the successful launch of new business strategies in the second half of the year, which is critical for future growth[47]. Shareholder and Equity Management - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[6]. - The company does not plan to distribute cash dividends or issue new shares in the first half of 2018, indicating a focus on reinvestment[69]. - The company has committed to not transferring or entrusting the management of shares held prior to the IPO for 36 months from the date of listing[71]. - If the stock price falls below the IPO price for 20 consecutive trading days within 6 months post-listing, the lock-up period for shares will automatically extend by 6 months[72]. - The company has established a limit on the transfer of shares by directors and senior management, allowing only up to 25% of their total holdings to be sold annually[71]. - The company will report any plans to reduce shareholdings 15 days prior to the first sale to the stock exchange for record-keeping[72]. - The commitments made by the actual controller and shareholders are binding even if they change positions or leave the company[72]. - The company will not repurchase shares held by shareholders during the lock-up period[71]. - The commitments include compliance with regulations set by the China Securities Regulatory Commission regarding share transfers[71]. - The company has outlined specific conditions under which the lock-up period may be extended, ensuring shareholder stability post-IPO[72]. Financial Position and Assets - The total assets at the end of the reporting period were CNY 289,273,505.80, representing 26.08% of total assets, a decrease of 49.23% from the previous period[52]. - Inventory increased by 89.25% to CNY 121,924,074.48 due to the addition of crude oil supply chain products[52]. - The company has made equity investments totaling CNY 138 million in Jiangsu Taihe and CNY 4 million in Xinjiang Xinsi during the reporting period[56]. - The company’s total liabilities were CNY 118,238,195.07, an increase from CNY 98,723,284.58, reflecting a growth of approximately 19.00%[114]. - The total equity attributable to shareholders was CNY 618,848,100.97, up from CNY 590,547,536.42, indicating an increase of about 4.36%[115]. - The total owner's equity at the end of the period was 443,216,121.52, showing a significant increase from the previous period[130]. - The company reported a capital reserve of 360,562,688.90 at the end of the reporting period[134]. - The company has a registered capital of 13.2 million RMB as of June 30, 2018, with a total issued share capital of 13.2 million shares[138]. Compliance and Governance - The company has established safety management systems to mitigate risks associated with transportation safety, but adverse weather conditions could still disrupt operations[62]. - The company confirmed that it is not listed as a key pollutant discharge unit by the Shanghai Environmental Protection Bureau[88]. - There were no changes in the total number of shares or the share capital structure during the reporting period[90]. - The company has not disclosed any significant related party transactions during the reporting period[87]. - The company has no adverse integrity issues reported for itself or its major shareholders during the reporting period[83]. - The financial statements are prepared in accordance with the accounting standards set by the Ministry of Finance, ensuring a true and complete reflection of the company's financial status[144]. - The company has maintained its ability to continue as a going concern for the next 12 months from the reporting date[142]. Accounting Policies and Practices - The company classifies financial instruments at initial recognition as either financial assets or financial liabilities, including trading financial assets or liabilities[160]. - The company uses the weighted average method for inventory valuation upon issuance[174]. - The company adopts a perpetual inventory system for inventory counting[175]. - The company recognizes interest income on held-to-maturity investments based on amortized cost and effective interest rate, with the effective interest rate determined at acquisition[162]. - The company assesses impairment for available-for-sale financial assets when there is a significant decline in fair value, defined as below 80% of the original investment cost[168]. - The company recognizes investment income based on its share of the investee's net profit and other comprehensive income[181]. - The company uses the straight-line method for depreciation of fixed assets, with a depreciation rate of 4.75% for buildings and logistics infrastructure, and 9.5% for machinery[188].