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迪生力(603335) - 2021 Q1 - 季度财报
2021-04-22 16:00
Financial Performance - Operating revenue for the period reached CNY 277,126,824.21, representing a 45.74% increase year-on-year[7] - Net profit attributable to shareholders decreased by 43.39% to CNY 15,140,683.58 compared to the same period last year[7] - Basic and diluted earnings per share both decreased by 33.33% to CNY 0.04[7] - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching CNY 15,054,340.60, a 908.58% increase year-on-year[7] - Total operating revenue for Q1 2021 was ¥277,126,824.21, a 46% increase from ¥190,145,416.98 in Q1 2020[30] - Net profit for Q1 2021 was ¥22,191,081.92, a decrease of 21% compared to ¥27,928,516.87 in Q1 2020[32] - The net profit attributable to shareholders of the parent company was ¥15,140,683.58, down from ¥26,743,961.93 in the same period last year[32] - The company reported a decrease in total profit to ¥1,595,973.32 in Q1 2021 from ¥25,283,173.71 in Q1 2020, a decline of 93.7%[34] Cash Flow - Cash flow from operating activities improved significantly, with a net amount of CNY 24,108,130.44, a 343.49% increase from the previous year[7] - Cash received from sales of goods and services increased to ¥252,912,712.61 in Q1 2021, compared to ¥165,829,425.74 in Q1 2020, reflecting a growth of 52.5%[37] - The net cash flow from operating activities was ¥24,108,130.44 in Q1 2021, a recovery from a negative cash flow of -¥9,901,221.10 in Q1 2020[38] - The company experienced a cash outflow from investing activities of -36,134,657.81 RMB in Q1 2021, compared to a cash inflow of 2,762,265.19 RMB in Q1 2020, reflecting increased investment expenditures[39] - Cash inflow from financing activities in Q1 2021 was 50,000,000.00 RMB, a substantial increase from 5,000,000.00 RMB in Q1 2020, indicating enhanced borrowing activities[40] Assets and Liabilities - Total assets increased by 8.44% to CNY 913,081,602.16 compared to the end of the previous year[7] - The total current liabilities increased to CNY 195,341,311.91 from CNY 153,707,128.51, marking an increase of about 27%[24] - The total liabilities of the company reached CNY 236,192,034.13, compared to CNY 195,783,356.79 at the end of 2020, reflecting an increase of about 20.6%[24] - The company's equity attributable to shareholders increased to CNY 615,203,331.35 from CNY 600,793,313.61, showing a growth of approximately 2.4%[24] - The company's total liabilities as of Q1 2021 stood at 195,783,356.79 RMB, consistent with the previous year, reflecting stable financial leverage[43] Shareholder Information - The total number of shareholders reached 18,091[11] - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., holds 29.34% of the shares[11] Research and Development - Research and development expenses grew by 59.93% to 2,754,170.88, reflecting the company's focus on precise product development and market positioning[14] - Research and development expenses for Q1 2021 were ¥2,754,170.88, an increase from ¥1,722,122.46 in Q1 2020[30] - Research and development expenses rose to ¥2,788,107.16 in Q1 2021, up 61.9% from ¥1,722,122.46 in Q1 2020[34] Inventory and Receivables - Accounts receivable rose to 72,794,380.14, a 54.41% increase attributed to the company's strong brand and overseas sales channels[13] - The inventory decreased to CNY 243,467,364.12 from CNY 256,007,105.66, indicating a decline of about 4.9%[22] - Other receivables decreased to CNY 6,964,221.96 from CNY 9,890,318.67, indicating a decline of about 29.5%[22] Investments and Expansion - The company successfully acquired state-owned land use rights for a production base, with a contract amounting to 83,000,000.00 RMB[16] - The company plans to establish a joint venture, Guangdong Weima New Materials Technology Co., with a total investment of 99 million RMB, focusing on the recycling and utilization of lithium batteries[16] - The company's trading financial assets increased to 4,615,500, representing a 100% change due to stock investments made by the parent company[13] Financial Ratios - The weighted average return on equity decreased by 46.22 percentage points to 2.49%[7]
迪生力(603335) - 2020 Q4 - 年度财报
2021-03-15 16:00
Financial Performance - The company's operating revenue for 2020 was approximately ¥975.93 million, representing a year-on-year increase of 19.47% compared to ¥816.91 million in 2019 [21]. - The net profit attributable to shareholders reached approximately ¥60.16 million, a significant increase of 562.48% from ¥9.08 million in the previous year [21]. - Basic earnings per share for 2020 were ¥0.14, reflecting a 600.00% increase compared to ¥0.02 in 2019 [22]. - The weighted average return on equity rose to 10.22%, an increase of 8.61 percentage points from 1.61% in 2019 [22]. - The net cash flow from operating activities was approximately ¥128.06 million, up 20.73% from ¥106.07 million in 2019 [21]. - The company's net profit attributable to shareholders for 2020 was CNY 60,162,705.55, compared to CNY 9,081,376.83 in 2019, representing a significant increase [183]. - Total operating revenue for 2020 reached ¥975,928,933.65, an increase of 19.5% compared to ¥816,914,321.67 in 2019 [181]. - The total comprehensive income for 2020 was CNY 30,554,928.44, compared to CNY 2,020,556.08 in 2019, marking a significant rise [186]. Dividend Distribution - The company plans to distribute a cash dividend of 0.43 RMB per 10 shares to all shareholders, based on the total share capital on the dividend record date [5]. - The company has implemented a cash dividend policy, distributing 0.43 RMB per share for the year 2020, representing 30.60% of net profit attributable to ordinary shareholders [87]. - The company distributed dividends totaling CNY 21,714,710.91, compared to CNY 17,919,088.76 in the previous year, reflecting a 21.00% increase [190]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm [4]. - The company has not faced any non-operating fund occupation by controlling shareholders or their related parties [7]. - The company has not reported any instances of funds being occupied or overdue receivables during the reporting period, reflecting a stable financial position [92]. - The company has not experienced any non-standard audit opinions, indicating compliance with accounting standards and practices [92]. - The company confirmed that it has not reached the original profit forecast for any assets or projects during the reporting period, indicating a potential area for improvement [92]. Risk Management - The company has detailed potential risks in its report, which can be found in the section discussing future development and risks [7]. - The company has confirmed that it will take necessary measures to minimize and regulate related party transactions, safeguarding shareholder interests [91]. - The company recognizes the importance of the "Belt and Road" initiative for expanding international markets and enhancing operational capabilities [77]. - The company aims to mitigate risks from international trade tensions by diversifying its market presence and enhancing domestic sales channels [82]. Market and Industry Insights - The company operates in the automotive parts industry, focusing on aluminum alloy wheels and lightweight technology [11]. - The demand for lightweight high-end aluminum wheels is expected to grow significantly due to the rapid development of new energy vehicles [30]. - In 2020, China's total automobile production and sales were approximately 25.23 million and 25.31 million units, respectively, showing a slight decrease of 2.0% and 1.9% year-on-year [31]. - The cumulative export of aluminum wheels from China in 2020 reached approximately 87.17 million units, with a total export value of $3.536 billion [31]. Research and Development - The company has established a stable research and manufacturing system, focusing on the development of high-end aluminum alloy wheels for the automotive industry [30]. - The company holds 9 authorized invention patents, 2 utility model patents, and 81 design patents, showcasing its commitment to innovation [36]. - Research and development expenses increased by 3.43% to ¥8,340,651.68, indicating continued investment in innovation [45]. - The company plans to continue expanding its market presence and product offerings in response to the growing demand for new energy vehicles and lightweight materials [66]. Financial Position - The total assets at the end of 2020 were approximately ¥842.02 million, a slight decrease of 0.99% from ¥850.41 million at the end of 2019 [21]. - The company's net assets attributable to shareholders increased by 6.47% year-on-year, reaching approximately 600.79 million yuan by the end of 2020 [118]. - The company's asset-liability ratio improved significantly, decreasing by 18.08% to 23.25% by the end of 2020 [118]. - The total liabilities to equity ratio improved to approximately 30.3% in 2020 from 39.5% in 2019, indicating a stronger financial position [175]. Management and Governance - The company has maintained a stable management team, with many members holding long-term positions, which may contribute to operational consistency [135]. - The company appointed several independent directors with extensive experience in finance and law, enhancing governance and oversight [135]. - The company has a structured process for determining the remuneration of its directors and senior management [141]. - The total remuneration for all listed executives amounted to CNY 5.333 million, with no shareholding changes reported [134]. Environmental Compliance - The company reported a total wastewater discharge of 21,217 cubic meters in 2020, with an average CODcr concentration of 19.42 mg/L, complying with local pollution discharge standards [108]. - The total hazardous waste generated in 2020 was 27.56 tons, with a total of 42.99 tons disposed of, including waste carried over from the previous year [108]. - The company maintained stable operation of all pollution control facilities, achieving zero environmental incidents in 2020 [109]. - The company received a clean production enterprise certificate valid until July 2025, indicating compliance with environmental standards [110].
迪生力(603335) - 2020 Q3 - 季度财报
2020-10-28 16:00
Financial Performance - Operating revenue for the first nine months reached CNY 753.46 million, representing a year-on-year increase of 19.85%[6] - Net profit attributable to shareholders was CNY 58.08 million, a significant increase of 417.37% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY 0.14, reflecting a growth of 366.67% year-on-year[7] - The company's net profit for the first three quarters of 2020 reached CNY 67,408,881.15, compared to CNY 16,626,216.89 in the same period of 2019, indicating a growth of approximately 304.5%[32] - The total profit for Q3 2020 was CNY 26,104,975.56, up from CNY 4,969,336.06 in Q3 2019, reflecting an increase of about 426.5%[32] - The company reported a significant increase in investment income, which surged by 5734.78% to ¥25,942,255.04 due to the transfer of equity in a wholly-owned subsidiary[19] - The net profit attributable to the parent company is expected to show a significant increase compared to the same period last year, driven by stable sales channels and improved management practices[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 822.29 million, a decrease of 3.31% compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 7.53% to CNY 606.80 million compared to the end of the previous year[6] - Total liabilities decreased to ¥81,653,072.38 from ¥130,391,380.08 year-over-year[29] - The total assets of the company as of September 30, 2020, amounted to ¥822,287,127.47, a decrease from ¥850,411,649.78 at the end of 2019[24] - Cash and cash equivalents increased by 20.42% to RMB 276,468,880.12 from RMB 229,579,355.10 due to effective inventory management and accelerated product circulation[17] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 129.74 million, up 15.71% from the previous year[6] - Cash flow from operating activities improved by 15.71% to ¥129,739,107.70, compared to ¥112,123,880.80 in the previous year, indicating stronger market performance[19] - Cash inflow from financing activities was CNY 48,500,000.00, a decrease of 44.4% from CNY 87,100,000.00 in the previous year[42] - The net cash flow from financing activities for Q3 2020 was negative CNY 87,666,154.56, compared to a positive CNY 11,989,275.02 in Q3 2019, indicating a significant change in financing activities[40] Inventory and Management - Inventory decreased by 20.25% to RMB 237,995,391.40 from RMB 298,417,806.40, reflecting a strategy to lower inventory levels and accelerate product turnover[18] - The company plans to continue optimizing its product structure and inventory management to enhance operational efficiency[18] - The company has strengthened internal control management to adapt to market dynamics and improve cash flow[17] Shareholder Information - The total number of shareholders at the end of the reporting period was 18,985[13] - The top shareholder, Jiangmen Lihong Investment Co., Ltd., held 29.34% of the shares[13] - The company’s actual controllers hold a combined 49.32% of the shares through indirect holdings[16] Research and Development - R&D expenses decreased by 16.14% to ¥4,927,385.96 from ¥5,875,725.96, reflecting a strategic adjustment in product structure to control costs[19] - Research and development expenses for Q3 2020 were CNY 2,027,070.23, up from CNY 1,598,324.99 in Q3 2019, representing an increase of approximately 26.9%[34]
迪生力(603335) - 2020 Q2 - 季度财报
2020-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥454,072,358.93, representing a 2.96% increase compared to ¥441,030,486.84 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached ¥43,569,362.25, a significant increase of 329.36% from ¥10,147,580.00 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,386,945.10, up 61.41% from ¥10,771,671.14 in the same period last year[19]. - Basic earnings per share increased to CNY 0.10, a 400% increase compared to the same period last year[21]. - Diluted earnings per share also rose to CNY 0.10, reflecting a 400% year-over-year growth[21]. - The weighted average return on equity improved to 7.43%, an increase of 5.63 percentage points from the previous year[21]. - The company reported a significant increase in net profit for the current period compared to the same period last year, driven by stable sales channels and reduced costs[47]. - The company expects cumulative net profit for the next reporting period to show a certain degree of increase compared to the same period last year[47]. Cash Flow and Assets - The net cash flow from operating activities was ¥73,941,911.11, showing a decrease of 3.93% compared to ¥76,965,910.23 in the previous year[19]. - Total assets at the end of the reporting period were ¥787,060,522.92, reflecting a decrease of 7.45% from ¥850,411,649.78 at the end of the previous year[19]. - The company's current assets totaled RMB 566,217,326.34, down from RMB 612,124,300.86 at the end of 2019, indicating a decrease of about 7.51%[90]. - Cash and cash equivalents were reported at RMB 237,289,466.41, compared to RMB 229,579,355.10 at the end of 2019, showing an increase of approximately 3.09%[90]. - Accounts receivable increased to RMB 69,790,247.72 from RMB 54,367,960.69, reflecting a growth of around 28.49%[90]. - Inventory decreased significantly to RMB 236,073,215.75 from RMB 298,417,806.40, a reduction of about 20.92%[90]. - Short-term borrowings were reported at RMB 42,888,188.22, down from RMB 92,700,000.00, indicating a decrease of approximately 53.76%[91]. Expenses and Cost Management - The company reduced sales expenses by 3.46% to CNY 62.26 million and management expenses by 9.50% to CNY 17.23 million[37]. - Research and development expenses decreased by 32.19% to CNY 2.90 million, reflecting a strategic adjustment in product development[37]. - The company reported financial expenses for the first half of 2020 were CNY 708,620.95, a significant decrease from CNY 3,752,111.83 in the same period of 2019[100]. - The company's sales expenses were CNY 62,258,531.11, slightly down from CNY 64,491,682.10 in the previous year, indicating a decrease of 3.4%[100]. - The management expenses for the first half of 2020 were CNY 17,231,462.50, down 9.5% from CNY 19,040,299.38 in the same period of 2019[100]. Strategic Initiatives and Market Expansion - The company has established a stable sales network and focuses on high-end automotive aluminum alloy wheels, targeting the premium modification market[25]. - The company plans to expand its market presence in Southeast Asia and other regions while enhancing its domestic distribution network[33]. - The company aims to maintain a stable operating foundation while seeking quality industry projects to enhance overall business performance[34]. - The company plans to continue focusing on market expansion and new product development to drive future growth[97]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[128]. Environmental and Compliance - The company reported a wastewater discharge of 4,645 cubic meters in the first half of 2020, with an average CODcr concentration of 20.15 mg/L, complying with the discharge standards[63]. - The total hazardous waste generated by the company in the first half of 2020 was 10.49 tons, with 2.06 tons disposed of according to environmental regulations[64]. - All pollution control facilities operated stably in the first half of 2020, achieving zero accidents in environmental protection management[66]. - The company has established an emergency response plan for environmental incidents, which was filed with the environmental protection bureau[68]. - The company has complied with environmental monitoring requirements, conducting quarterly pollutant discharge monitoring through a third-party agency[69]. Shareholder and Corporate Governance - The company held its first extraordinary shareholders' meeting on February 28, 2020, and the annual shareholders' meeting on April 3, 2020[50]. - The company has a commitment to not transfer or entrust shares held prior to the IPO for a period of 16 months from June 20, 2017, to June 20, 2020[53]. - The actual controller and shareholders have committed to not engage in any business that competes with the company during their control period[55]. - The company aims to minimize related party transactions and will take effective measures to ensure compliance[55]. - The company reported no major litigation or arbitration matters during the reporting period[57]. Accounting and Financial Reporting - There were no significant changes in accounting policies or estimates compared to the previous accounting period[70]. - The company confirmed that there were no instances of dishonesty or unfulfilled court judgments during the reporting period[57]. - The company has not disclosed any major related party transactions during the reporting period[58]. - The company has not implemented any employee stock ownership plans or other incentive measures during the reporting period[59]. - The financial statements are prepared based on the assumption of going concern, indicating no significant issues affecting the company's ability to continue operations for at least 12 months[141].
迪生力(603335) - 2020 Q1 - 季度财报
2020-04-27 16:00
Financial Performance - Operating revenue decreased by 11.10% to CNY 190,145,416.98 compared to the same period last year[5] - Net profit attributable to shareholders increased by 785.12% to CNY 26,743,961.93 compared to the same period last year[5] - The company reported a decrease in net profit attributable to shareholders by 49.21% to CNY 1,492,633.32 compared to the same period last year[5] - Total operating revenue for Q1 2020 was CNY 190,145,416.98, a decrease of 10.9% compared to CNY 213,892,696.61 in Q1 2019[29] - Net profit for Q1 2020 reached CNY 27,928,516.87, significantly up from CNY 4,713,899.94 in Q1 2019, representing a growth of 493.5%[30] - The company reported a comprehensive income total of CNY 28,853,489.88 for Q1 2020, compared to CNY 537,445.41 in Q1 2019[31] - The total profit for Q1 2020 was CNY 25,283,173.71, a significant increase from a loss of CNY 1,098,725.23 in Q1 2019[34] Cash Flow - Net cash flow from operating activities decreased by 153.71% to -CNY 9,901,221.10 compared to the same period last year[5] - Cash flow from operating activities decreased by 153.71% to -RMB 9,901,221.10, influenced by the pandemic's impact on business volume[14] - The net cash flow from operating activities for Q1 2020 was negative CNY 9,901,221.10, contrasting with a positive cash flow of CNY 18,434,068.47 in Q1 2019[36] - The net cash flow from financing activities was -¥23,474,031.60, compared to a positive cash flow of ¥33,522,922.44 in the same quarter last year[41] Assets and Liabilities - Total assets increased by 2.25% to CNY 869,583,832.59 compared to the end of the previous year[5] - The total liabilities decreased to CNY 232,246,911.85 from CNY 241,033,654.86 year-over-year[21] - The company's equity attributable to shareholders increased to CNY 591,961,940.24 from CNY 564,293,165.29 at the end of 2019[22] - Total liabilities decreased to CNY 110,646,602.40 in Q1 2020 from CNY 130,391,380.08 in Q1 2019, a reduction of 15.1%[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,334[11] - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., holds 30.14% of the shares[11] Operational Metrics - Accounts receivable increased by 22.18% to RMB 66,427,591.86 due to the impact of the COVID-19 pandemic, leading the company to provide reasonable credit terms to customers[13] - Prepayments surged by 211.71% to RMB 9,562,366.85 as the company expanded its tire business and increased order volumes for new tire molds[13] - Operating costs fell by 10.92% to RMB 140,603,696.05, reflecting the slight decline in sales revenue[14] - Research and development expenses decreased by 29.08% to RMB 1,722,122.46, as the company focused on precise development based on market demand[14] Investment Activities - Investment income rose significantly by 3833.65% to RMB 25,570,753.88 from the transfer of a subsidiary's equity[14] - The company has invested RMB 30 million in Guangdong Weima New Materials Technology Co., Ltd. for lithium battery recycling and processing, but is currently negotiating due to uncertainties in partner contributions[15] Earnings Per Share - Basic and diluted earnings per share increased by 500% to CNY 0.06 compared to the same period last year[5] - Earnings per share for Q1 2020 were CNY 0.06, compared to CNY 0.01 in Q1 2019[31]
迪生力(603335) - 2019 Q4 - 年度财报
2020-03-12 16:00
Financial Performance - The company's operating revenue for 2019 was CNY 816.91 million, an increase of 2.65% compared to CNY 795.81 million in 2018[19]. - The net profit attributable to shareholders decreased by 32.77% to CNY 9.08 million from CNY 13.51 million in the previous year[19]. - The cash flow from operating activities increased by 61.28% to CNY 106.07 million, up from CNY 65.77 million in 2018[19]. - The total assets at the end of 2019 were CNY 850.41 million, reflecting a growth of 6.32% from CNY 799.87 million in 2018[19]. - The basic earnings per share decreased by 33.33% to CNY 0.02 from CNY 0.03 in 2018[20]. - The weighted average return on equity dropped to 1.61% from 2.41% in the previous year, a decrease of 0.8 percentage points[20]. - The company reported a net loss of RMB 11,989,398 for the year 2019[123]. - The total comprehensive income for 2019 was CNY 16,109,751.59, down from CNY 23,599,966.43 in 2018, a decline of 31.66%[182]. Dividend Distribution - The company plans to distribute a cash dividend of 0.20 RMB per 10 shares to all shareholders based on the total share capital on the dividend record date for the 2019 profit distribution plan[4]. - The cash dividend per share for 2019 was 0.20 RMB, maintaining a consistent payout ratio compared to previous years[83]. - The company executed a cash dividend policy in accordance with its articles of association, distributing a total of 8,562,892.00 RMB in dividends for the year 2019[82]. Risk Management and Compliance - The company has provided a detailed description of potential risks in the report, which investors should review[5]. - The company aims to maintain compliance with regulatory requirements and enhance corporate governance to protect shareholder interests[37]. - The company has committed to risk management and ensuring investor interests while pursuing strategic development and maximizing shareholder returns[78]. - The company has not encountered any significant accounting errors during the reporting period, indicating stable financial reporting practices[95]. - The company has not reported any issues related to the occupation of funds or the progress of debt recovery during the reporting period[90]. - The company has committed to reducing related party transactions to protect shareholder interests[89]. Market Expansion and Development - The company aims to expand its market presence in other regions while enhancing its product development efforts[27]. - The company plans to expand its market presence in Southeast Asia and other regions while enhancing its domestic distribution network[37]. - The company is actively pursuing market development along the Belt and Road Initiative to diversify its market presence[79]. - The company plans to maintain its market expansion strategy while focusing on new product development[1]. - The company is focusing on technology innovation as a driving force for development, aiming to strengthen its competitive position in the aluminum alloy wheel and tire industry[76]. Research and Development - The company holds 7 invention patents, 10 utility model patents, and 118 design patents, showcasing its commitment to innovation[32]. - Research and development expenses decreased by 25.27% to ¥8,064,036.54, attributed to improved product development efficiency[38]. - The total R&D expenditure was 8.06 million CNY, accounting for 0.99% of operating revenue, with 67 R&D personnel, representing 10.26% of the total workforce[54]. - Research and development investments increased by 15%, focusing on advanced materials technology[138]. Environmental Responsibility - The company discharged 19,661 cubic meters of wastewater in 2019, with CODcr average discharge concentration of 39 mg/L, meeting the provincial discharge standards[104]. - The company generated 45.3022 tons of hazardous waste in 2019, with a total of 84.01 tons disposed of by a qualified third-party[105]. - All pollution control facilities operated stably in 2019, achieving zero accidents in environmental protection[106]. - The company implemented a self-monitoring plan for environmental emissions, with quarterly monitoring conducted by a third-party agency[109]. Shareholder Information - The total number of ordinary shares increased from 329,342,000 to 428,144,600, representing a 30% increase[114]. - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., holds 30.14% of the shares, totaling 129,060,191 shares[122]. - Jiangmen Lihong Investment Co., Ltd. is the controlling shareholder, holding 70% of its shares, with actual controllers owning a combined 50.12% of the company[126]. - The company has no strategic investors or general legal entities among its top ten shareholders[126]. Internal Control and Governance - The company has implemented a robust internal control system, with an internal control self-assessment report disclosed on March 13, 2020[159]. - The company maintains independence from its controlling shareholder in terms of personnel, assets, finance, and operations, ensuring no interference in decision-making[152]. - The company has established specialized committees within the board to enhance governance and oversight functions[153]. - The board of directors held 10 meetings during the year, with 1 in-person meeting and 5 conducted via communication methods[157]. Financial Position - The company's total equity rose to ¥609,377,994.92 in 2019 from ¥600,416,123.31 in 2018, reflecting an increase of approximately 1.6%[174]. - Total assets reached ¥850,411,649.78 in 2019, up from ¥799,867,451.32 in 2018, representing an increase of approximately 6.3%[174]. - Total liabilities increased to ¥241,033,654.86 in 2019 from ¥199,451,328.01 in 2018, reflecting an increase of approximately 20.9%[173]. - The company's cash and cash equivalents at the end of 2019 amounted to ¥229.58 million, a significant increase from ¥119.09 million at the end of 2018[189].
迪生力(603335) - 2019 Q3 - 季度财报
2019-10-21 16:00
Financial Performance - Net profit attributable to shareholders decreased by 44.21% to CNY 11,225,160.86 for the year-to-date period[6] - Basic earnings per share decreased by 40.00% to CNY 0.03[7] - The weighted average return on equity decreased by 1.58 percentage points to 1.99%[7] - Non-recurring gains and losses for the year-to-date period amounted to CNY 14,128,299.27, down 24.53% from the previous year[6] - The company's net profit guidance for the year is not expected to show significant changes compared to the previous year[16] - Net profit for Q3 2019 was CNY 3.22 million, a decline of 59.66% from CNY 7.99 million in Q3 2018[28] - The net profit attributable to the parent company for Q3 2019 was CNY 1,077,580.85, down from CNY 7,059,578.87 in Q3 2018, representing a decline of 84.7%[30] - The total comprehensive income for Q3 2019 was CNY 7,437,022.98, compared to CNY 13,282,131.58 in Q3 2018, reflecting a decrease of 44.1%[30] Revenue and Sales - Revenue for the year-to-date period rose by 1.74% to CNY 628,681,617.42 compared to the same period last year[6] - Revenue for the period was ¥628,681,617.42, a 1.74% increase year-over-year, attributed to strong brand presence and stable sales channels[14] - Total revenue for Q3 2019 was CNY 187.65 million, a decrease of 8.36% compared to CNY 204.79 million in Q3 2018[26] - In Q3 2019, the company's revenue was CNY 49,004,090.99, a decrease of 17.2% compared to CNY 59,210,767.47 in Q3 2018[31] - The company received cash from sales of goods and services totaling ¥640,451,077.01 in the first three quarters of 2019, a slight increase from ¥633,785,173.73 in the same period of 2018, reflecting a growth of about 1.05%[34] Assets and Liabilities - Total assets increased by 4.96% to CNY 839,523,905.21 compared to the end of the previous year[6] - The company reported a net asset attributable to shareholders of CNY 568,034,834.69, an increase of 1.65% from the previous year[6] - Cash and cash equivalents increased by 84.80% to ¥220,086,283.92, primarily due to enhanced internal control measures and effective inventory management[13] - The total liabilities increased to CNY 224,401,317.72 from CNY 199,451,328.01 year-on-year[20] - The company's total liabilities reached CNY 122.71 million, compared to CNY 90.01 million at the end of 2018, reflecting an increase of 36.48%[23] Cash Flow - Operating cash flow increased significantly by 137.26% to CNY 112,123,880.80 year-to-date[6] - The company reported a net cash inflow from operating activities of ¥112,120,000.00 during the period[13] - Cash flow from financing activities was CNY 11,989,275.02, a turnaround from a negative CNY 68,753,282.72 in the previous year, attributed to increased bank borrowings[15] - The net cash flow from operating activities for the first three quarters of 2019 was ¥112,123,880.80, a significant increase compared to ¥47,258,763.15 in the previous year, representing a growth of approximately 137.4%[35] - The company’s financing activities generated a net cash inflow of ¥11,989,275.02 in the first three quarters of 2019, contrasting with a net outflow of ¥68,753,282.72 in the same period of 2018[36] Costs and Expenses - Operating costs increased by 2.41% to ¥467,805,566.51, influenced by rising production and sales costs due to global trade friction tariffs[14] - Research and development expenses decreased by 35.12% to ¥5,875,725.96, as the company reassessed future market demands and reduced new product development costs[14] - Total operating costs for Q3 2019 were CNY 179.56 million, down from CNY 194.16 million in Q3 2018, reflecting a reduction of 7.51%[26] - Research and development expenses for Q3 2019 were CNY 1.60 million, down 25% from CNY 2.13 million in Q3 2018[28] Shareholder Information - The total number of shareholders reached 22,515[11] - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., holds 30.14% of shares[11] Investment and Capital Expenditures - The company has increased its investment in construction projects, with capital expenditures rising significantly[15] - Short-term borrowings increased by 70.27% to ¥89,900,000.00, reflecting the company's strategic financial planning[14]
迪生力(603335) - 2019 Q2 - 季度财报
2019-08-14 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was CNY 441,030,486.84, representing a 6.76% increase compared to CNY 413,110,267.05 in the same period last year[18]. - The net profit attributable to shareholders of the listed company decreased by 22.30% to CNY 10,147,580.00 from CNY 13,060,605.05 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 10,771,671.14, down 9.61% from CNY 11,917,261.62 in the previous year[18]. - The company's operating costs rose to CNY 327.43 million, reflecting an 8.73% increase, driven by higher sales costs and production not meeting planned targets[35]. - The company reported a total revenue of CNY 734,133,074.13 for the first half of 2019, compared to CNY 680,486,584.21 for the same period in 2018, reflecting a growth of about 7.9%[92]. - The company reported a net profit for the first half of 2019 of 13,406,580.68 RMB, down from 16,177,977.14 RMB in the first half of 2018, indicating a decline of approximately 17.1%[95]. Cash Flow and Assets - The net cash flow from operating activities surged by 366.58% to CNY 76,965,910.23, compared to CNY 16,495,609.08 in the same period last year[18]. - Cash and cash equivalents increased by 95.24% to CNY 232.51 million due to improved internal control and inventory management[25]. - The total assets at the end of the reporting period were CNY 850,599,514.40, an increase of 6.34% from CNY 799,867,451.32 at the end of the previous year[18]. - The company reported a cash flow from operating activities of ¥76,970,000 during the period[40]. - The company reported a net increase in cash and cash equivalents of CNY 113,420,042.34, compared to a decrease of CNY 43,415,441.46 in the same period last year[104]. Shareholder Information - Basic earnings per share decreased by 33.33% to CNY 0.02 compared to the same period last year[19]. - The total number of shares increased from 329,342,000 to 428,144,600 due to a capital reserve conversion of 0.3 shares per existing share, resulting in an increase of 98,802,600 shares[70]. - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., holds 30.14% of the total shares, with a significant increase of 129,060,191 shares during the reporting period[76]. - The company reported a total of 32,934,200 shares outstanding, with 52.50% being restricted shares and 47.50% being unrestricted shares[69]. Operational Developments - The company has established 15 sales subsidiaries and 14 warehousing bases in North America, covering the entire region[27]. - The company plans to expand into Southeast Asia and other regions while strengthening its domestic distribution network[33]. - The company aims to maintain compliance with regulatory requirements and enhance corporate governance to protect shareholder interests[33]. Environmental and Compliance - The company reported a wastewater discharge of 11,322 cubic meters with an average CODcr concentration of 19.6 mg/L, totaling a cumulative discharge of 0.2219 tons[58]. - The company generated 63 tons of hazardous waste sludge during the first half of 2019, all of which was disposed of by a third-party qualified unit[58]. - The company’s pollution control facilities operated without any safety or environmental incidents during the reporting period[59]. Financial Reporting and Accounting Policies - The company’s financial reporting format was revised in accordance with the Ministry of Finance's notification on April 30, 2019, affecting future financial statements[64]. - The company implemented significant changes to its financial reporting format, including the separation of "accounts receivable" and "notes receivable" on the balance sheet[65]. - The company has not reported any significant accounting errors that require retrospective restatement during the reporting period[66]. Strategic Focus and Future Plans - The company plans to expand its market presence and invest in new product development to drive future growth[110]. - The company has identified strategic opportunities for mergers and acquisitions to enhance its competitive edge[110]. - The company is committed to improving its operational efficiency and exploring new technologies to enhance product offerings[110].
迪生力(603335) - 2019 Q1 - 季度财报
2019-04-25 16:00
Financial Performance - Operating revenue for the reporting period was ¥213,892,696.61, reflecting a growth of 4.24% year-on-year[6] - Net profit attributable to shareholders of the listed company was ¥2,939,030.75, representing a significant increase of 30.19% compared to the same period last year[6] - Cash flow from operating activities improved to ¥18,434,068.47, a turnaround from a negative cash flow of ¥25,324,668.35 in the previous year, marking a 172.79% increase[6] - The company's operating revenue for Q1 2019 was ¥52,815,779.48, a decrease of 29.4% compared to ¥74,948,786.01 in Q1 2018[27] - The net loss for Q1 2019 was ¥650,715.29, significantly improved from a net loss of ¥9,653,603.83 in Q1 2018[28] - The company reported a total operating profit of -¥1,098,725.23 in Q1 2019, an improvement from -¥11,947,054.82 in Q1 2018[27] Assets and Liabilities - Total assets at the end of the reporting period reached ¥833,248,854.06, an increase of 4.17% compared to the end of the previous year[6] - Total current assets increased to ¥582,951,934.59 as of March 31, 2019, up from ¥551,609,967.83 at the end of 2018, representing a growth of approximately 7.5%[18] - Total liabilities increased to ¥231,055,068.41 from ¥199,451,328.01, representing an increase of approximately 15.9%[19] - Short-term borrowings rose significantly to ¥87,000,000.00 from ¥52,800,000.00, an increase of about 64.9%[18] - Long-term borrowings increased to ¥22,029,249.99 from ¥17,158,000.00, reflecting a growth of approximately 28.5%[19] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,490[10] - The largest shareholder, Jiangmen Lihong Investment Co., Ltd., held 99,277,070 shares, accounting for 30.14% of the total shares[10] Cash and Cash Equivalents - Cash and cash equivalents increased by 30.16% to RMB 155,007,247.76 from RMB 119,092,492.32, indicating improved liquidity[12] - The total cash and cash equivalents at the end of Q1 2019 were ¥155,007,240.36, up from ¥214,378,277.91 at the end of Q1 2018[32] - The ending balance of cash and cash equivalents increased to $143,484,863.16 from $105,133,193.03 at the beginning of the period[36] Research and Development - Research and development expenses decreased by 37.53% to RMB 2,428,148.91, attributed to reduced new R&D investments[13] - The company reported a decrease in research and development expenses to CNY 2,428,148.91 in Q1 2019 from CNY 3,886,692.38 in Q1 2018, a reduction of 37.5%[24] Income and Expenses - The company reported non-operating income of ¥82,489.49, primarily from government subsidies and other non-recurring gains[9] - Financial expenses decreased significantly to ¥4,507,750.73 in Q1 2019 from ¥12,378,349.63 in Q1 2018, a reduction of 63.5%[27] - Investment income increased by 92.65% to RMB 650,050.76, supported by forward foreign exchange contracts[13] - Other income for Q1 2019 was CNY 97,751.68, down from CNY 766,300.00 in Q1 2018, reflecting a decline of 87.2%[24] Future Outlook - The gross profit margin is expected to decline due to international trade friction, rising raw material prices, and a 10% tariff on products exported to the U.S.[14] - The company anticipates a certain decline in net profit for the first half of 2019 compared to the same period last year[14] Construction and Development - The company is expanding its construction projects, with construction in progress rising by 62.31% to RMB 14,362,142.43 due to new factory developments in Brazil[12]
迪生力(603335) - 2018 Q4 - 年度财报
2019-03-11 16:00
Financial Performance - The company's operating revenue for 2018 was CNY 795,813,344.78, representing a 1.89% increase compared to CNY 781,017,999.16 in 2017[21]. - The net profit attributable to shareholders of the listed company was CNY 13,507,766.67, an increase of 11.09% from CNY 12,159,245.36 in 2017[21]. - The financial data indicates a consistent growth trend over the past three years, with a notable increase in both revenue and net profit[21]. - The net profit attributable to shareholders was CNY 11,499,580.37, an increase of 37.79% compared to CNY 8,345,462.29 in the previous year[22]. - The operating cash flow net amount was CNY 65,767,465.46, representing a 20.82% increase from CNY 54,435,686.16 in 2017[22]. - The total assets decreased by 9.36% to CNY 799,867,451.32 from CNY 882,494,633.45 in 2017[22]. - The company's main business revenue was ¥768,794,877.60, a growth of 1.79% year-on-year, with tire sales increasing by 16.40%[48]. - The company sold 498,000 wheels in 2018, a decrease of 2.78% from the previous year, with revenue from wheel sales declining by 9.61%[52]. - The company achieved operating revenue of ¥795,813,344.78, representing a year-on-year growth of 1.89%[42]. - The company reported a total revenue of CNY 205,199,340 for the first quarter of 2018[26]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares and to increase capital by 3 shares for every 10 shares held[5]. - In 2018, the company distributed cash dividends amounting to 6,586,840 RMB, representing 48.76% of the net profit attributable to shareholders[93]. - The company has a history of adhering to its cash dividend policy, ensuring the protection of minority shareholders' rights[92]. Risk Management and Compliance - The company has provided a detailed risk disclosure in the report, highlighting potential risks in its operations[7]. - The company emphasizes the importance of risk management in its future strategic planning[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company is committed to integrating new information technologies with manufacturing to create innovative production methods and business models[2]. - The company has undergone changes in accounting policies due to the revised financial instrument standards effective from January 1, 2019, which will not have a significant impact on its financial statements[104]. Market and Operational Strategy - The company is focused on expanding its market presence and enhancing its product offerings through new technologies[21]. - The company aims to improve its internal management and operational efficiency through reforms in human resources and performance evaluation systems[41]. - The company plans to continue investing in technology and product development to meet market demands and enhance consumer engagement[41]. - The company plans to continue developing new products and expanding into new markets to maintain stable growth amid international trade challenges[43]. - The company is considering strategic acquisitions to enhance its product portfolio and market presence[152]. Environmental and Social Responsibility - In 2018, the company discharged 39,926 cubic meters of wastewater, with a cumulative CODcr discharge of 2.0961 tons, meeting the local discharge standards[117]. - The average concentration of ammonia nitrogen in the wastewater was 3.357 mg/L, with a cumulative discharge of 0.1341 tons, also compliant with environmental standards[117]. - The company generated 140.635 tons of hazardous waste in 2018, which was disposed of by a third-party qualified environmental unit[118]. - All pollution control facilities operated stably in 2018, achieving zero accidents in environmental protection[119]. - The company has implemented a self-monitoring plan for environmental compliance, with quarterly monitoring conducted by a third-party agency[121]. Corporate Governance - The report includes a standard unqualified audit opinion from Ruihua Certified Public Accountants[4]. - The company has maintained its commitment to transparency, ensuring the accuracy and completeness of the financial report[8]. - The company has established a comprehensive internal control self-evaluation report, which was disclosed on March 12, 2019[174]. - The company has improved its governance structure in compliance with relevant laws and regulations, enhancing transparency and accountability[169]. - The independent directors actively participated in board meetings and contributed to major decision-making processes[168]. Shareholder Structure and Ownership - The top shareholder, Jiangmen Lihong Investment Co., Ltd., held 99,277,070 shares, representing 30.14% of the total shares[135]. - Lexin International Inc. held 60,515,000 shares, accounting for 18.37% of the total shares[135]. - The total number of ordinary shareholders increased to 24,165 at the end of the reporting period from 21,469 at the end of the previous month[133]. - The total number of restricted shares at the end of the year was 172,900,000, with 74,100,000 shares released during the year[130]. Employee and Management Information - The company employed a total of 760 staff, with 577 in the parent company and 183 in major subsidiaries[162]. - The workforce included 226 production personnel, 144 sales personnel, and 160 technical personnel[162]. - Total compensation for all directors, supervisors, and senior management was 7.6283 million yuan[159]. - The company has established a comprehensive salary and welfare management system, including performance-based bonuses[163]. - The training program is designed to enhance employees' technical skills and business capabilities through regular and specialized training[164].