ZTGM(603559)

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ST通脉(603559) - 2020 Q2 - 季度财报
2021-05-06 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥216,803,116.88, a decrease of 21.51% compared to ¥276,232,066.85 in the same period last year[22]. - The net profit attributable to shareholders for the first half of 2020 was -¥16,810,462.69, representing a decline of 253.86% from a profit of ¥10,925,899.72 in the previous year[22]. - The net cash flow from operating activities was -¥117,471,479.48, compared to -¥12,102,307.24 in the same period last year, indicating a significant deterioration in cash flow[22]. - Basic earnings per share for the first half of 2020 were -¥0.12, a decrease of 250.00% compared to ¥0.08 in the same period last year[23]. - The total comprehensive income for the first half of 2020 was CNY -17,876,774.66, a significant decline from CNY 10,860,879.31 in the previous year[108]. - The company reported a net profit of 16,531,100 for the first half of 2020, indicating a positive trend in profitability[135]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,743,461,486.37, down 4.14% from ¥1,818,729,556.53 at the end of the previous year[22]. - The net assets attributable to shareholders decreased to ¥863,208,759.43, a decline of 1.84% from ¥879,398,962.88 at the end of the previous year[22]. - The company's total liabilities decreased from CNY 942,618,172.21 to CNY 883,960,915.94, a decline of approximately 6.21%[102]. - The company's cash and cash equivalents decreased by 39.22% to approximately ¥176.04 million, primarily due to increased cash expenditures related to operating activities[41]. - The total liabilities at the end of the first half of 2020 were 874,496,027, reflecting the company's financial obligations[134]. Operational Strategy - The company plans to leverage its advantages in Beijing to enter the "5G+" small application market, focusing on smart city development and integrated services[30]. - The company aims to enhance project management and operational efficiency by optimizing its management structure and increasing digitalization efforts[32]. - The company is committed to optimizing resource allocation and strategic layout to ensure stable business foundations and accelerate development[35]. - The company plans to invest in communication technology, big data, and AI chips to transition from a service-oriented enterprise to a high-tech company[37]. - The company anticipates that the new infrastructure initiatives will create vast development opportunities for the telecommunications industry post-pandemic[37]. Risks and Challenges - The company faced intensified competition in the telecommunications industry, leading to a decrease in business volume and gross margin, exacerbated by the impact of the COVID-19 pandemic[24]. - The company has identified significant growth potential in its integrated 5G application business, focusing on smart campuses and smart communities[36]. - The company faces risks including concentrated revenue channels, rising labor costs, and low-price bidding strategies that could impact profit margins[53]. - The company anticipates potential revenue decline risks due to decreasing service unit prices and the impact of pandemic control measures on economic operations[54]. Corporate Governance and Compliance - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for the reporting period[5]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[6]. - The company has not reported any significant changes in the integrity status of its controlling shareholders or actual controllers during the reporting period[74]. - The company has not made any changes to its accounting firm during the audit period[74]. - The company will publicly announce any share reduction plans three trading days in advance[68]. Environmental and Social Responsibility - The company has implemented measures to ensure zero wastewater discharge across all operational sites[79]. - The company has achieved effective disposal and recycling of waste materials generated during construction and maintenance[79]. - The company has actively engaged in poverty alleviation efforts by providing employment opportunities and skills training to impoverished populations[77]. - The company plans to contribute more to the poverty alleviation campaign in the future[77]. Investments and Subsidiaries - The company holds a 100% stake in Shanghai Gongchuang Information Technology Co., Ltd., which focuses on computer information technology and communication network services[46]. - The company has invested in multiple subsidiaries, including Beijing Guomai Shikong Big Data Technology Co., Ltd. with a 51% stake, specializing in internet information services and data processing[47]. - The company is actively expanding its market presence through investments in technology and communication-related subsidiaries[46][47][48]. Research and Development - Research and development expenses increased to CNY 5,423,956.24, up from CNY 4,315,441.32 in the first half of 2019, indicating a focus on innovation[106]. - The company is focused on developing new products and technologies in the fields of smart devices and big data[47][48]. - The company aims to enhance its competitive capabilities by strengthening R&D efforts and leveraging its technical reserves and industry implementation capabilities[38].
ST通脉(603559) - 2020 Q3 - 季度财报
2021-05-06 16:00
Financial Performance - Operating revenue for the first nine months was CNY 427,037,510.30, down 9.39% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 3,808,676.29, representing a decline of 114.13% compared to the same period last year[6] - The net cash flow from operating activities for the first nine months was a negative CNY 149,313,440.14, compared to a negative CNY 46,787,374.82 in the previous year[6] - Basic earnings per share were CNY -0.0266, down from CNY 0.19 in the same period last year[6] - Total operating revenue for Q3 2020 was CNY 210,234,393.42, an increase of 7.3% compared to CNY 195,039,786.25 in Q3 2019[26] - Net profit for the first three quarters of 2020 was CNY 4,057,743.88, compared to CNY 7,006,799.74 in the same period of 2019, indicating a decline of 42.9%[26] - The company reported a total profit of ¥14,232,890.51 for Q3 2020, compared to ¥17,483,664.29 in Q3 2019, indicating a decline of approximately 18.5%[28] - The company reported a total comprehensive income of ¥12,851,424.77 for Q3 2020, compared to ¥15,538,559.78 in Q3 2019, reflecting a decrease of approximately 17.3%[29] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,736,347,536.84, a decrease of 4.53% compared to the end of the previous year[6] - Total assets decreased to ¥1,736,347,536.84 from ¥1,818,729,556.53, a decline of approximately 4.52%[18] - The company's total assets as of September 30, 2020, were CNY 1,657,436,630.36, down from CNY 1,727,725,806.46 at the end of 2019[23] - Total liabilities increased slightly to ¥859,249,997.87 from ¥840,262,644.81, indicating a stable leverage position[18] - Total liabilities decreased to CNY 834,384,936.81 from CNY 889,949,972.31 year-over-year, a reduction of 6.2%[23] - The total liabilities as of September 30, 2020, were ¥942,618,172.21, remaining stable compared to the previous period[43] Cash Flow and Expenditures - Cash and cash equivalents decreased by 49.43% to ¥146,472,933.48 from ¥289,646,850.21 due to increased cash expenditures related to operating activities[11] - Cash paid for purchasing goods and receiving labor services rose by 55.22% to ¥598,269,937.05 from ¥385,444,121.02, indicating higher operational costs[12] - Cash paid for debt repayment increased by 115.20% to ¥251,888,000.00 from ¥117,050,000.00, reflecting a focus on reducing long-term liabilities[12] - The net cash flow from operating activities for the first three quarters of 2020 was -149,313,440.14, worsening from -46,787,374.82 in the previous year[35] - The total operating cash outflow for the first three quarters of 2020 was 771,332,520.60, compared to 597,037,629.62 in the same period of 2019, reflecting increased operational costs[35] - The net cash flow from financing activities for Q3 2020 was ¥34,207,041.13, a decrease of 68.7% compared to ¥109,234,753.08 in Q3 2019[39] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,985[9] - The largest shareholder, Wang Shichao, held 8,383,500 shares, accounting for 5.85% of the total shares[9] Government Support and Non-Recurring Items - The company received government subsidies amounting to CNY 284,337.86 during the reporting period[8] - The company reported a total of CNY 191,602.57 in non-recurring gains and losses for the period[8] Operational Costs and Expenses - Management expenses increased by 41.88% to ¥44,188,678.11 from ¥31,145,490.13, mainly due to higher management costs at subsidiaries[12] - Other income surged by 339.03% to ¥1,617,652.85 from ¥368,460.32, driven by contributions from consolidated subsidiaries[12] - Non-operating income increased by 430.44% to ¥1,996,655.86 from ¥376,418.41, reflecting improved performance from subsidiaries[12] Research and Development - Research and development expenses for the first three quarters of 2020 were CNY 7,487,497.30, compared to CNY 6,783,969.01 in the same period of 2019, indicating an increase of 10.4%[26]
ST通脉(603559) - 2021 Q1 - 季度财报
2021-04-28 16:00
Financial Performance - Operating revenue for the period was CNY 59,399,973.50, down 4.89% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 18,234,551.07, compared to a loss of CNY 13,818,764.20 in the same period last year[6] - Basic earnings per share were CNY -0.13, compared to CNY -0.10 in the same period last year[6] - The weighted average return on net assets was -2.10%, compared to -1.58% in the same period last year[6] - Net loss for Q1 2021 was CNY 19,175,352.46, compared to a net loss of CNY 14,244,540.30 in Q1 2020, representing an increase in loss of 34.3%[27] - The total comprehensive loss for Q1 2021 was CNY -19,175,352.46, compared to CNY -13,948,281.13 in Q1 2020, marking an increase in comprehensive loss of 37.5%[28] - Operating profit for Q1 2021 was -¥19,658,112.80, compared to -¥13,027,286.58 in Q1 2020, indicating a decline in profitability[31] - Net profit for Q1 2021 was -¥18,879,024.92, worsening from -¥13,277,562.86 in Q1 2020, reflecting increased losses[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,845,287,710, a decrease of 0.59% compared to the end of the previous year[6] - Total liabilities for Q1 2021 amounted to CNY 952,780,141.59, up from CNY 946,400,640.87 in the previous quarter[23] - The company's total equity decreased to CNY 749,853,966.42 from CNY 768,653,717.00 in the previous quarter, reflecting a decline of 2.4%[23] - The company's total assets as of Q1 2021 were CNY 1,702,634,108.01, a decrease from CNY 1,715,054,357.87 in the previous quarter[23] Cash Flow - The net cash flow from operating activities was a negative CNY 46,636,968.14, compared to a negative CNY 70,710,026.61 in the same period last year[6] - Cash received from operating activities dropped by 36.58% from CNY 20,488,910.46 to CNY 12,994,658.38, influenced by an increase in restricted funds[14] - Cash inflow from sales of goods and services was ¥204,950,497.08 in Q1 2021, up from ¥173,242,057.28 in Q1 2020, representing a growth of 18.38%[32] - Cash flow from operating activities for Q1 2021 was -¥46,636,968.14, an improvement from -¥70,710,026.61 in Q1 2020[33] - Cash outflow for debt repayment was $73,828,186.83, compared to $55,000,000.00 in the previous period[37] - The net increase in cash and cash equivalents was -$33,391,631.14, compared to -$101,284,080.28 in the previous period[37] - The ending balance of cash and cash equivalents was $46,530,169.32, up from $27,903,962.77 year-over-year[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,146[10] - The largest shareholder, Wang Shichao, held 7,788,300 shares, representing 5.43% of the total shares[10] Expenses and Investments - Financial expenses increased by 52.08% from CNY 2,646,828.21 to CNY 4,025,255.50 due to higher loan interest[14] - Research and development expenses for Q1 2021 were CNY 1,516,449.44, down from CNY 3,061,553.17 in Q1 2020, indicating a reduction of 50.5%[27] - Cash paid for the acquisition of fixed assets surged by 764.39% from CNY 385,000.00 to CNY 3,327,910.00, indicating significant investment in fixed assets[14] - Cash paid for dividends and interest decreased by 93.30% from CNY 61,258,407.56 to CNY 4,101,564.40, primarily due to increased bank loan interest payments[14] Other Financial Information - The company received government subsidies amounting to CNY 28,625.76, closely related to its normal business operations[6] - Other income decreased by 97.06% from CNY 974,178.54 to CNY 28,625.76, due to a reduction in one-off income[14] - The company reported a credit impairment loss of CNY -2,332,623.57 in Q1 2021, contrasting with a gain of CNY 34,367.14 in Q1 2020[27] - The company did not apply the new leasing standards for the current year[37] - There were no adjustments made to prior period comparative data due to the new leasing standards[37] - The company has not issued an audit report for the current period[37]
ST通脉(603559) - 2020 Q4 - 年度财报
2021-04-26 16:00
Financial Performance - The company's operating revenue for 2020 was approximately ¥657.08 million, a decrease of 8.00% compared to ¥714.25 million in 2019[22]. - The net profit attributable to shareholders for 2020 was a loss of approximately ¥0.99 million, a decline of 105.87% from a profit of ¥16.90 million in 2019[22]. - The net cash flow from operating activities for 2020 was a negative ¥125.43 million, representing a decrease of 253.78% compared to a positive cash flow of ¥81.56 million in 2019[22]. - The total assets at the end of 2020 were approximately ¥1.86 billion, an increase of 2.06% from ¥1.82 billion at the end of 2019[22]. - The company's net profit for Q1 2020 was -13,818,764.20 CNY, while Q2 showed a slight improvement to -2,991,698.49 CNY, and Q3 returned to profitability with 13,001,786.40 CNY[27]. - Total operating revenue for Q4 2020 reached 230,040,474.57 CNY, marking a significant increase from previous quarters[27]. - The company reported a significant increase in trade business revenue by 622.56% to ¥38,570,158.73[60]. - The company reported a total of 931,000 mobile communication base stations in China as of 2020, with a net increase of 900,000 for the year, indicating robust infrastructure growth[40]. Cost Management - The company's operating costs were 539.15 million yuan, down by 44.94 million yuan or 7.69% year-on-year[54]. - Total costs for the reporting period amounted to 536,841,067.26, a decrease of 7.83% compared to 582,456,598.03 in the previous year[64]. - Labor costs decreased by 19.45% to 75,105,536.83, down from 93,237,101.76 in the same period last year[63]. - Material consumption costs increased significantly by 599.61% to 35,792,921.14, compared to 5,116,094.99 in the previous year, attributed to new business segments[64]. - The overall business volume reduction has been a key factor influencing the decrease in various cost components across the board[63]. Research and Development - The company has established a leading R&D team and mechanism, focusing on "platform + data + operation" for mid-platform applications, driving business towards 5G small scene applications in various sectors such as government, education, and military[43]. - The company has completed the R&D of its middle platform system 1.0, with ongoing upgrades to enhance its application in various sectors[50]. - Research and development expenses decreased by 14.21% to ¥11,081,088.35 from ¥12,916,601.94[56]. - The company is investing in new technology development, allocating 100 million yuan towards R&D initiatives[148]. Market Strategy and Expansion - The company continues to focus on communication technology services and IDC operation services, serving major telecom operators and various sectors[36]. - The company plans to enhance its service offerings in communication network engineering and maintenance, as well as IDC operations to drive future growth[36]. - The company is actively seeking partnerships with industry giants like Baidu Brain to enhance its capabilities in cloud computing, big data, artificial intelligence, and IoT[52]. - The company aims to become a leading comprehensive communication service provider in China, focusing on customer service and innovation in the context of new infrastructure development[41]. - The company plans to focus on market expansion and new product development to counteract the competitive pressures in the Northeast region[58]. Risk Management - The company has acknowledged the presence of major risks in its operations, which are detailed in the report[8]. - The company has established a risk management committee to assess risks and develop response strategies, addressing potential risks such as reliance on single customers and talent shortages[92]. - The company has implemented measures to strengthen risk assessment and management in its non-core business activities[169]. Shareholder and Governance - The company did not propose any cash dividends or stock bonuses for the 2020 fiscal year[5]. - The company’s profit distribution policy requires a minimum cash dividend ratio of 80% for mature companies without major capital expenditures[96]. - The company must disclose reasons for not distributing cash dividends if profits are positive and retained earnings exceed 20% of distributable profits[97]. - The company has established a commitment to avoid any illegal occupation of its funds or assets by related parties[105]. - The company has no controlling shareholder or actual controller, ensuring a stable governance structure[140]. Social Responsibility - The company has actively participated in social responsibility efforts by procuring and donating over RMB 380,000 worth of medical supplies for COVID-19 prevention[124]. - The company has implemented measures to ensure zero wastewater discharge and effective waste disposal and recycling[125]. Audit and Compliance - The company has appointed Deloitte Touche Tohmatsu as the auditor for the 2020 fiscal year, with a total remuneration of RMB 1,050,000[113]. - The audit procedures included evaluating the effectiveness of internal controls related to revenue recognition and assessing the reasonableness of management's estimates for expected credit losses[178]. - The company’s governance is responsible for overseeing the financial reporting process and ensuring compliance with relevant regulations[180].
ST通脉(603559) - 2020 Q3 - 季度财报
2020-10-11 16:00
公司代码:603559 公司简称:中通国脉 2020 年第三季度报告 中通国脉通信股份有限公司 2020 年第三季度报告 1 / 27 | 目录 | | --- | | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 2020 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | | | | 单位:元 币种:人民币 | | --- | --- | --- | --- | --- | | | | | | 本报告期末 | | | 本报告期末 | 上年度末 | | 比上年度末 | | | | | | 增减(%) | | 总资产 | 1,736,347,536.84 | 1,818,729,556.53 | | -4.53 | | 归属于上市公司股东的净资产 | 883,751,272.27 | 879,398,962.88 | | 0.49 | | | 年初至报告期末 | 上年初至上年报告期 | | 比上年同期 | | | (1-9 月) | 末(1-9 | ...
中通国脉关于参加投资者网上集体接待日活动的公告
2020-08-18 07:51
证券代码:603559 证券简称:中通国脉 公告编号:临 2020-049 中通国脉通信股份有限公司 | --- | --- | |--------------------------------------------------------------------------|-------| | | | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重 | | | 大遗漏,并对其内容的真实性、准确性和完整性承担个别及连带责任。 | | 为进一步加强与投资者的互动交流,中通国脉通信股份有限公司(以下简称"公司") 将参加由吉林证监局、吉林省证券业协会、深圳市全景网络有限公司共同举办的"提高 公司质量做受尊敬的上市公司--2020 年吉林辖区上市公司投资者网上集体接待日"活 动,现将有关事项公告如下: 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举行,投资 者可以登陆"全景·路演天下"网站(http://rs.p5w.net)参与公司本次投资者集体 接待日活动,时间为 2020 年 8 月 21 日(周五)15:30 至 17:00。 届时公司董事长王世超、总经 ...
ST通脉(603559) - 2020 Q2 - 季度财报
2020-07-17 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was CNY 263,504,563.78, a decrease of 4.61% compared to CNY 276,232,066.85 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was a loss of CNY 9,800,444.38, representing a decline of 189.70% from a profit of CNY 10,925,899.72 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 12,163,437.42, down 214.84% from CNY 10,591,889.00 in the same period last year[21]. - The net cash flow from operating activities was a negative CNY 117,471,479.48, compared to a negative CNY 12,102,307.24 in the previous year, indicating a significant deterioration in cash flow[21]. - The total assets at the end of the reporting period were CNY 1,743,461,486.37, a decrease of 4.14% from CNY 1,818,729,556.53 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company were CNY 870,218,777.74, down 1.04% from CNY 879,398,962.88 at the end of the previous year[21]. - The basic earnings per share for the first half of 2020 was -CNY 0.07, a decrease of 187.50% from CNY 0.08 in the same period last year[22]. - The weighted average return on net assets was -1.12%, a decrease of 2.37 percentage points from 1.25% in the previous year[22]. Market Conditions - Net profit decreased by 187.50% year-on-year due to intensified market competition and reduced investment from traditional operators[23]. - The ongoing COVID-19 pandemic has created both challenges and opportunities, particularly in accelerating the development of digital technologies[33]. - The strategic focus remains on quality improvement and innovation to adapt to the evolving market landscape[33]. Operational Strategy - The company maintains a solid market position in communication engineering and IDC services, focusing on optimizing resource allocation and enhancing operational efficiency[34]. - The company plans to leverage its Beijing headquarters to attract external technical and market teams, aiming to enter the "5G+" application market[29]. - The company plans to leverage 5G technology for integrated applications in various sectors, including smart campuses and communities, to enhance its competitive edge[35]. - The company is committed to enhancing its project management capabilities and fostering talent development to improve operational effectiveness[31]. Research and Development - Research and development expenses rose by 25.69% to ¥5.42 million, up from ¥4.32 million in the previous year[40]. - The company is committed to developing new products and technologies in the fields of smart devices and IoT[47]. - The company is investing in new technology development, allocating $30 million towards R&D initiatives aimed at enhancing product features and user experience[67]. Financial Position - The company's cash and cash equivalents decreased from ¥289,646,850.21 at the end of 2019 to ¥176,043,332.30 by June 30, 2020, representing a decline of approximately 39%[102]. - Accounts receivable decreased from ¥696,558,532.65 to ¥624,482,508.48, a reduction of about 10.3%[102]. - Inventory increased from ¥293,583,918.12 to ¥331,702,460.20, reflecting an increase of approximately 13%[102]. - Total liabilities decreased from ¥942,618,172.21 to ¥876,950,897.63, a reduction of approximately 7%[104]. - The company's short-term borrowings increased from ¥155,217,409.38 to ¥206,544,701.57, an increase of about 33%[103]. Shareholder Information - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[58]. - The company will require compensation for any violations of the non-compete agreement during the specified period[64]. - The total number of shares after the recent changes is 143,313,207, with 100% being unrestricted shares[85]. - The largest shareholder, Wang Shichao, holds 8,383,500 shares, representing 5.85% of total shares, with 1,235,000 shares pledged[92]. Compliance and Governance - The company has established a comprehensive corporate governance structure, including a board of directors, supervisory board, and various operational departments[152]. - The company has included 7 subsidiaries and 4 sub-subsidiaries in its consolidated financial statements[154]. - The financial statements are prepared on a going concern basis, indicating continuous profitability during the reporting period[156]. Environmental and Social Responsibility - The company has implemented measures to ensure zero wastewater discharge across all operational locations[80]. - The company actively provides employment opportunities and skills training to impoverished populations as part of its poverty alleviation efforts[79]. - The company has maintained compliance with environmental standards and has not been classified as a key pollutant unit[80].
ST通脉(603559) - 2020 Q1 - 季度财报
2020-04-29 16:00
2020 年第一季度报告 公司代码:603559 公司简称:中通国脉 中通国脉通信股份有限公司 2020 年第一季度报告 1 / 25 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 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 1,701,909,674.43 1,818,729,556.53 -6.42 归属于上市公司 股东的净资产 866,014,230.72 879,398,962.88 -1.52 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 -70,710,026.61 -46,402,949.94 不适用 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 营业收入 62,451,334.95 76,137,700.15 -17.98 归属于上市公司 股东的净利润 -13,818,764.20 -5,496,677.47 不适用 归属于上市公司 股东的扣除非经 常性损益的净利 润 -14,347, ...
ST通脉(603559) - 2019 Q4 - 年度财报
2020-04-24 16:00
Financial Performance - The company's operating revenue for 2019 was ¥714,252,633.64, a decrease of 1.15% compared to ¥722,595,357.51 in 2018[21]. - The net profit attributable to shareholders of the listed company was ¥16,896,211.73, down 65.71% from ¥49,276,632.37 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥16,324,568.32, a decrease of 65.54% compared to ¥47,367,036.61 in 2018[21]. - Basic earnings per share (EPS) dropped by 66.67% to 0.12 RMB in 2019, down from 0.36 RMB in 2018[23]. - The weighted average return on equity decreased by 4.91 percentage points to 1.94% in 2019, compared to 6.85% in 2018[23]. - The net profit for 2019 was 81,564,154.99 RMB, a decrease from -117,106,755.02 RMB in 2018, indicating a significant decline in profitability[22]. - Total revenue for 2019 was 582,456,598.03, a slight increase of 0.71% compared to 578,333,530 in 2018[60]. - The company achieved an operating income of 714.25 million yuan in 2019, with a net profit attributable to shareholders of 168.69 million yuan[90]. Cash Flow and Assets - The net cash flow from operating activities was 81,564,154.99 RMB, showing a recovery from -67,850,137.20 RMB in the previous year[22]. - The company's cash and cash equivalents amounted to 289,646,850, representing 15.93% of total assets, up from 10.48% in the previous period[66]. - The total current assets amounted to ¥1,351,539,927.82 as of December 31, 2019, compared to ¥1,132,620,700.20 in 2018, indicating a year-over-year increase of about 19.36%[192]. - The company's total assets increased to CNY 1,818,729,556.53 in 2019, up from CNY 1,601,969,294.69 in 2018, representing a growth of approximately 13.5%[194]. - The accounts receivable balance as of December 31, 2019, was ¥763,249,182.03, with a bad debt provision of ¥66,690,649.38, resulting in a net value of ¥696,558,532.65[180]. Costs and Expenses - Total costs for the period amounted to ¥582,456,598.03, a slight increase of 0.71% compared to ¥578,333,530.66 in the previous year[57]. - Labor costs increased to ¥93,237,101.76, representing 16.01% of total costs, up from 13.7% in the previous year, marking a 17.48% increase[57]. - Financial expenses surged by 387.27% to CNY 11.46 million, primarily due to increased bank loans[50]. - Research and development expenses increased significantly by 119.45% to 12,916,601.94, representing 1.81% of total revenue[62][63]. Business Operations and Strategy - The company faced intensified competition in the telecommunications industry, leading to a decline in business volume and gross margin[24]. - The company plans to expand its business model to include emerging sectors such as intelligent engineering and power engineering[34]. - The company plans to enter the "5G+" small application market, focusing on providing new generation information systems centered around a middle platform strategy, leveraging business, data, technology, and operational empowerment[35]. - The company aims to strengthen its core competitiveness by enhancing management, expanding innovation, and optimizing organizational structure to support stable development[39]. - The company plans to deepen its focus on the communication field, expanding both the breadth and depth of its business, including communication engineering and IDC maintenance[80]. Compliance and Governance - The report includes a standard unqualified audit opinion from the accounting firm, ensuring the accuracy and completeness of the financial statements[4]. - The company has established a clear timeline for the performance commitments, with specific milestones for each fiscal year[92]. - The company maintains complete independence from its controlling shareholder, with no related party transactions[160]. - The company conducted 15 board meetings in 2019, with all directors attending, ensuring compliance with governance standards[166]. Market and Future Outlook - The company recognizes the significant opportunities in the communication information technology service industry driven by the national policies promoting 5G network construction[78]. - The company provided guidance for the next quarter, expecting revenue to be between $1.6 billion and $1.8 billion, indicating a growth rate of 10% to 20%[96]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of $300 million allocated for potential deals[96]. - The company plans to invest in "hard technology" to transition from a service-oriented enterprise to a high-tech enterprise over the next 5-10 years[44]. Social Responsibility and Sustainability - The company actively participates in social responsibility initiatives, including providing employment opportunities and skills training to impoverished populations[114]. - The management emphasized a strong commitment to sustainability, aiming for a 30% reduction in carbon emissions by 2025[96]. - The company has implemented measures to ensure zero wastewater discharge and effective waste disposal, adhering to environmental protection standards[118].
ST通脉(603559) - 2019 Q3 - 季度财报
2019-10-28 16:00
Financial Performance - Operating revenue for the first nine months rose by 32.46% to CNY 471,271,853.10 compared to the same period last year[7]. - Net profit attributable to shareholders increased by 68.32% to CNY 26,957,263.90 year-on-year[7]. - The net profit after deducting non-recurring gains and losses surged by 80.43% to CNY 26,304,150.74 compared to the previous year[7]. - Basic and diluted earnings per share improved by 58.33% to CNY 0.19 per share[7]. - Revenue for the third quarter increased by 32.46% year-over-year, primarily due to growth in the parent company's business and the acquisition of Shanghai Gongchuang[12]. - Net profit attributable to shareholders grew by 68.32% year-over-year, driven by the same factors as revenue growth[12]. - Total revenue for Q3 2019 reached ¥195,039,786.25, a significant increase of 78.0% compared to ¥109,609,351.84 in Q3 2018[22]. - Net profit for the first three quarters of 2019 was ¥26,375,198.14, up 88.8% from ¥14,002,594.55 in the same period of 2018[23]. - Net profit for Q3 2019 was ¥4,816,651.70, compared to a net loss of ¥5,568,537.19 in Q3 2018, marking a turnaround in profitability[27]. - The company achieved a total profit of ¥4,473,446.03 in Q3 2019, compared to a loss of ¥6,319,055.66 in Q3 2018, indicating a positive trend in profitability[27]. Assets and Liabilities - Total assets increased by 3.39% to CNY 1,656,257,377.31 compared to the end of the previous year[7]. - Current assets totaled CNY 1,185,686,286.35, compared to CNY 1,132,620,700.20 at the end of 2018[14]. - Current liabilities decreased to CNY 663,744,986.60 from CNY 731,863,268.69 at the end of 2018[16]. - The company reported a significant increase in accounts receivable, which rose to CNY 709,130,183.61 from CNY 684,863,490.68 year-over-year[14]. - Inventory levels increased to CNY 258,539,551.81, up from CNY 223,390,718.89 at the end of 2018[14]. - The company’s total liabilities increased slightly to CNY 766,028,407.31 from CNY 736,417,773.57 at the end of 2018[16]. - Total liabilities increased to ¥718,607,776.29 from ¥697,972,269.19 year-over-year, reflecting a growth of 1.0%[22]. - The total liabilities at the end of Q3 2019 included short-term borrowings of 118,000,000.00 RMB and accounts payable of 300,295,502.96 RMB[36]. - Total liabilities amounted to ¥736,417,773.57, with current liabilities at ¥731,863,268.69[37]. Cash Flow - Cash flow from operating activities showed a significant improvement, with a net amount of CNY -46,787,374.82, compared to CNY -128,824,817.64 in the previous year[7]. - Cash flow from operating activities for the first three quarters of 2019 was ¥550,250,254.80, an increase of 39.7% from ¥393,814,044.40 in the same period of 2018[30]. - The net cash flow from operating activities for Q3 2019 was -46,787,374.82 RMB, an improvement from -128,824,817.64 RMB in Q3 2018[31]. - Total cash inflow from financing activities in Q3 2019 was 238,848,000.00 RMB, compared to 113,000,000.00 RMB in Q3 2018, indicating a 111.3% increase[33]. - The net cash flow from financing activities for the first nine months of 2019 was 109,234,753.08 RMB, compared to 87,230,357.36 RMB in the same period of 2018, indicating a growth of 25.3%[33]. Shareholder Information - The total number of shareholders reached 29,640 by the end of the reporting period[10]. - The top shareholder, Wang Shichao, holds 5.85% of the shares, with 880,000 shares pledged[10]. Research and Development - Research and development expenses for Q3 2019 were ¥2,468,527.69, up 27.4% from ¥1,936,849.27 in Q3 2018, highlighting increased investment in innovation[22]. - Research and development expenses for Q3 2019 were ¥248,382.23, down from ¥319,945.17 in Q3 2018, reflecting a 22.3% reduction[26]. Equity and Retained Earnings - The total equity increased to ¥840,258,684.88 from ¥832,922,917.44, showing a growth of 0.4%[22]. - The retained earnings stood at ¥214,685,609.27, reflecting a strong profit retention strategy[37]. - The company has a capital reserve of ¥452,523,564.26, indicating robust financial backing[37]. - The total owner's equity attributable to shareholders was ¥865,879,397.86, showcasing a solid equity position[37].