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国茂股份(603915) - 2020 Q1 - 季度财报
2020-04-27 16:00
Financial Performance - Operating revenue for the first quarter was CNY 331,733,999.90, representing a decline of 26.07% year-on-year [12]. - Net profit attributable to shareholders was CNY 32,371,609.16, down 34.55% from the same period last year [12]. - Basic earnings per share decreased by 46.15% to CNY 0.07 compared to CNY 0.13 in the same quarter last year [12]. - The net profit for Q1 2020 was RMB 32,562,590.18, a decrease of 34.16% compared to RMB 49,458,500.78 in Q1 2019, primarily due to the impact of the pandemic on sales revenue [22]. - Total operating revenue for Q1 2020 was $331.73 million, down 26.1% from $448.73 million in Q1 2019 [43]. - Net profit for Q1 2020 was $32.56 million, representing a decline of 34.1% from $49.46 million in Q1 2019 [46]. - Total profit for Q1 2020 was $37.11 million, a decrease of 35.2% from $57.28 million in Q1 2019 [46]. - Total comprehensive income for the first quarter of 2020 was CNY 32,729,023.83, compared to CNY 50,593,289.64 in the first quarter of 2019, representing a decrease of approximately 35.3% [52]. Cash Flow - The net cash flow from operating activities was CNY -47,772,234.12, an improvement from CNY -113,086,323.52 in the previous year [12]. - Cash inflow from operating activities totaled CNY 388,649,084.21 in Q1 2020, a decrease of 2.4% from CNY 396,584,294.32 in Q1 2019 [55]. - Cash outflow from operating activities was CNY 436,421,318.33, down from CNY 509,670,617.84 in the previous year, reflecting a reduction of 14.4% [55]. - Cash inflow from investment activities was CNY 201,399,269.94, with cash outflow totaling CNY 243,006,463.59, resulting in a net cash flow of negative CNY 41,607,193.65 [55]. - The company’s cash flow from financing activities resulted in a net outflow of CNY 21,497,726.05 in Q1 2020, compared to a net outflow of CNY 471,698.11 in Q1 2019, indicating a significant increase in financing activity [55]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,258,859,464, a decrease of 2.52% compared to the end of the previous year [12]. - Total liabilities amounted to CNY 970,068,202.80, a decrease from CNY 1,092,944,185.75 in the previous period, reflecting a reduction of approximately 11.2% [33]. - Current assets totaled CNY 2,414,779,893.59, down from CNY 2,549,086,715.22, indicating a decline of about 5.3% [37]. - The total assets decreased from RMB 3,342,937,353.41 to RMB 3,258,859,464.00, reflecting a reduction in current assets [28]. - The total equity attributable to shareholders reached CNY 2,281,956,620.36, compared to CNY 2,249,993,167.66, marking an increase of approximately 1.4% [33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 24,446 [19]. - The largest shareholder, Guomao Reducer Group Co., Ltd., held 51.45% of the shares [19]. Expenses - The company's management expenses increased by 35.90% from RMB 8,463,144.09 to RMB 11,501,508.61, mainly due to increased employee benefits and intermediary fees [22]. - Research and development expenses for Q1 2020 were $11.31 million, slightly decreased from $12.70 million in Q1 2019 [43]. - Sales expenses in Q1 2020 were $18.64 million, down 29.5% from $26.38 million in Q1 2019 [43]. Other Income - The company received government subsidies amounting to CNY 1,744,272.64 during the reporting period [14]. - The company reported a non-operating income of CNY 2,539,485.80, which includes various non-recurring gains [16]. - The company reported an investment income of $1.26 million in Q1 2020, with no prior year data available for comparison [43].
国茂股份(603915) - 2019 Q3 - 季度财报
2019-10-28 16:00
Financial Performance - Operating income for the first nine months rose by 4.95% to CNY 1,424,477,765.04 compared to the same period last year[18]. - Net profit attributable to shareholders increased by 16.06% to CNY 194,453,478.79 compared to the same period last year[18]. - Basic and diluted earnings per share increased by 9.09% to CNY 0.48[20]. - Total revenue for the first three quarters of 2019 reached CNY 1,424,477,765.04, representing an increase of 4.9% from CNY 1,357,339,527.85 in the same period of 2018[52]. - Net profit for Q3 2019 was CNY 73,885,311.42, compared to CNY 71,294,377.35 in Q3 2018, reflecting an increase of 3.7%[56]. - The total comprehensive income of CNY 73,819,468.88 for Q3 2019, compared to CNY 71,322,409.82 in Q3 2018[61]. - The company's operating profit for Q3 2019 was ¥78,151,270.55, a decrease from ¥82,036,220.30 in Q3 2018, reflecting a decline of approximately 1.07% year-over-year[68]. - The total profit for Q3 2019 was ¥84,328,834.77, compared to ¥83,006,788.31 in the same period last year, indicating a slight increase of about 1.58%[68]. Assets and Liabilities - Total assets increased by 47.45% to CNY 3,206,872,332.96 compared to the end of the previous year[18]. - Total current assets amounted to RMB 2,490,873,024.67, up from RMB 1,484,600,373.42[36]. - Cash and cash equivalents increased by 45.30% to RMB 817,079,495.73 from RMB 562,331,877.11[26]. - Accounts receivable rose by 50.11% to RMB 290,157,218.24 compared to RMB 193,298,095.44 in the previous year[26]. - Total liabilities reached ¥1,045,963,593.93, up from ¥1,008,932,242.30, which is an increase of around 3.7%[49]. - The company’s total liabilities increased, with accounts payable rising by 37.65% to RMB 296,929,311.80 from RMB 215,706,113.12[26]. - Current liabilities totaled ¥1,033,463,593.93, an increase from ¥996,432,242.30, reflecting a rise of about 3.1%[49]. Cash Flow - Net cash flow from operating activities reached CNY 55,560,247.91, a significant improvement from a negative cash flow of CNY -4,593,098.32 in the previous year[18]. - Cash flow from operating activities for the first nine months of 2019 was ¥1,232,325,877.61, compared to ¥952,856,829.93 in the same period of 2018, showing an increase of approximately 29.38%[73]. - The net cash flow from operating activities was 57,382,532.34 RMB, compared to a negative cash flow of -1,930,687.43 RMB in the same period last year, indicating a significant improvement[79]. - The ending balance of cash and cash equivalents was 815,554,301.85 RMB, up from 364,035,567.72 RMB at the end of the same period last year[79]. Shareholder Information - The total number of shareholders reached 35,153 by the end of the reporting period[23]. - The largest shareholder, Guomao Reducer Group Co., Ltd., holds 51.45% of the shares[23]. - Shareholders' equity rose to ¥2,160,401,228.21 from ¥1,165,961,256.38, reflecting a significant increase of approximately 85.5%[42]. Expenses - Management expenses increased by 40.75% to RMB 33,141,627.17 from RMB 23,546,575.89[29]. - Research and development expenses for Q3 2019 were CNY 20,620,438.07, slightly up from CNY 19,161,380.14 in Q3 2018[52]. - Sales expenses for Q3 2019 totaled ¥23,241,739.98, down from ¥27,168,134.50 in Q3 2018, reflecting a decrease of approximately 14.06%[65]. Government Subsidies and Other Income - The company reported a government subsidy income of CNY 5,481,104.40 for the current period[22]. - The company reported cash received from tax refunds of 3,989,947.25 RMB, compared to 370,307.56 RMB in the previous year[79].
国茂股份(603915) - 2019 Q2 - 季度财报
2019-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was ¥944,458,829.23, representing an increase of 8.66% compared to ¥869,208,476.75 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2019 was ¥120,568,167.37, a 25.26% increase from ¥96,257,316.69 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥117,356,912.34, up 30.01% from ¥90,268,714.48 year-on-year[19]. - Basic earnings per share for the first half of 2019 were ¥0.32, a 28.00% increase from ¥0.25 in the same period last year[19]. - The company reported a total comprehensive income of RMB 120,620,502.95 for the first half of 2019, compared to RMB 96,274,049.70 in the same period of 2018[132]. - The company reported a net profit of -209.51 million CNY for its wholly-owned subsidiary, indicating financial challenges within that segment[51]. - The company reported a total profit of ¥141,453,496.12, compared to ¥106,374,667.55, which is an increase of approximately 33%[138]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,012,702,214.52, an increase of 38.52% from ¥2,174,893,498.65 at the end of the previous year[19]. - The net assets attributable to shareholders increased by 78.96% to ¥2,086,581,759.33 from ¥1,165,961,256.38 at the end of the previous year[19]. - Total liabilities amounted to ¥926,120,455.19, down from ¥1,008,932,242.27, showing a decline of around 8.2%[119]. - The total number of shares increased from 378,947,400 to 463,327,400 after the issuance of 84,380,000 new shares on June 14, 2019[102]. - The company’s total equity attributable to shareholders was CNY 1,165,961,256.38 as of June 30, 2019[154]. Cash Flow - The company reported a net cash flow from operating activities of -¥73,955,518.84, an improvement from -¥117,269,085.55 in the same period last year[19]. - Cash and cash equivalents increased to approximately ¥724.47 million from ¥562.33 million, representing a growth of 28.8%[113]. - Cash flow from operating activities showed a net outflow of ¥73,955,518.84, an improvement from a net outflow of ¥117,269,085.55 in the previous year[145]. - Net cash flow from financing activities was CNY 807,990,565.98, compared to a negative cash flow of CNY 584,905.65 in the same period last year[150]. Research and Development - Research and development expenses increased by 29.84% to CNY 32.40 million, reflecting the company's commitment to enhancing innovation capabilities[43]. - The company plans to invest CNY 50 million in the construction of a research and development center, aiming to acquire 60 advanced equipment and facilities over a two-year period[42]. - R&D expenses increased to ¥32,396,835.84 from ¥24,952,083.06, representing a growth of approximately 30% year-over-year[138]. Market and Industry - The company's main business is the research, production, and sales of gear reducers, which are essential components in various industries such as environmental protection, construction, and power generation[25]. - The reducer industry is a foundational sector of the national economy, with a growing market size driven by steady economic development in China[32]. - The company has established a stable dealer network covering most provinces in China, enhancing market penetration and customer service responsiveness[35]. - The company aims to enhance its brand influence and become a leading international intelligent manufacturing enterprise in the transmission equipment sector[37]. Risks and Challenges - The company faces risks related to macroeconomic downturns, which could impact profitability due to the close relationship between the gearbox industry and overall economic conditions[52]. - The company has raised concerns about the volatility of raw material prices, which could significantly impact production costs and profitability[55]. - The company is exposed to market competition risks, particularly from established manufacturers in Germany, Italy, and Japan, which could pressure market share and pricing[52]. Compliance and Governance - The company has conducted three shareholder meetings in 2019, ensuring compliance with legal and regulatory requirements[58]. - The company has not engaged in any major related party transactions during the reporting period, ensuring transparency in its operations[90]. - The company has complied with environmental regulations and has not faced any administrative penalties related to environmental protection during the reporting period[93]. Shareholder Commitments - 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[63]. - The company will compensate investors for direct losses caused by any violations of commitments[66]. - The company has established a commitment to resolve related transactions, effective from April 16, 2018, until fully resolved[72]. Financial Reporting - The company’s financial statements were adjusted according to the new reporting format issued by the Ministry of Finance in April 2019[97]. - The company has not reported any changes in accounting policies or prior period error corrections during the current reporting period[160]. - The company adheres to the accounting policies and estimates in accordance with the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status and operating results[173].