XUELONG(603949)

Search documents
雪龙集团(603949) - 2021 Q3 - 季度财报
2021-10-27 16:00
Financial Performance - The company's operating revenue for Q3 2021 was ¥94,862,335.52, a decrease of 20.48% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥21,878,063.91, down 41.46% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,051,789.73, a decline of 52.15% compared to the previous year[6]. - Basic and diluted earnings per share for Q3 2021 were both ¥0.10, representing a decrease of 44.44%[7]. - The weighted average return on equity decreased by 1.97 percentage points to 2.21% in Q3 2021[7]. - For the first nine months of 2021, the company's revenue was CNY 372.50 million, representing a year-over-year increase of 9.64%[17]. - The net profit for the same period was CNY 102.20 million, showing a year-over-year growth of 4.86%[17]. - In Q3 2021, the company's revenue was CNY 94.86 million, which is a decline of 20.48% compared to the same period last year[17]. - The net profit for Q3 2021 was CNY 21.88 million, down 41.46% year-over-year[17]. - Total operating revenue for the first three quarters of 2021 reached ¥372,496,786.95, an increase from ¥339,742,505.57 in the same period of 2020, representing a growth of approximately 9.3%[25]. - Net profit for the first three quarters of 2021 was ¥102,196,322.65, compared to ¥97,457,886.80 in 2020, reflecting a growth of approximately 4.0%[26]. - The total comprehensive income for the first three quarters of 2021 was ¥102,196,322.65, compared to ¥97,457,886.80 in 2020, reflecting an increase of approximately 4.0%[27]. Assets and Equity - Total assets at the end of the reporting period were ¥1,085,968,332.96, an increase of 0.84% from the beginning of the year[7]. - The equity attributable to shareholders increased by 4.08% to ¥1,000,711,828.14 compared to the end of the previous year[7]. - The company's total assets as of the end of Q3 2021 amounted to ¥1,085,968,332.96, slightly up from ¥1,076,910,783.88 at the end of Q3 2020[22]. - The company's equity attributable to shareholders increased to ¥1,000,711,828.14 in Q3 2021 from ¥961,457,335.49 in Q3 2020, marking an increase of about 4.9%[22]. Cash Flow - The company reported cash flows from operating activities of ¥99,204,550.36 for the year-to-date period[7]. - The cash inflow from operating activities for the first three quarters of 2021 was CNY 380,165,006.61, a significant increase of 81.7% compared to CNY 209,167,975.76 in the same period of 2020[29]. - The net cash flow from operating activities for Q3 2021 was CNY 99,204,550.36, compared to CNY 22,427,080.36 in Q3 2020, reflecting a growth of 341.5%[30]. - The cash inflow from investment activities in the first three quarters of 2021 was CNY 608,142,287.91, up from CNY 91,612,970.74 in the same period of 2020, marking a growth of 563.5%[30]. - The net cash flow from investment activities for Q3 2021 was -CNY 107,055,813.41, an improvement from -CNY 310,885,765.96 in Q3 2020[30]. - The total cash and cash equivalents at the end of Q3 2021 were CNY 44,731,569.28, down from CNY 121,607,601.36 at the end of Q3 2020[31]. Production and Market Challenges - The decrease in revenue and profit was primarily due to a reduction in customer orders during Q3 2021[11]. - The company experienced a year-to-date revenue increase of 9.64% due to increased customer demand[11]. - The production of heavy-duty commercial vehicles in Q3 2021 was 184,800 units, a decrease of 57.77% compared to the same period last year due to the implementation of the National VI emission standards[18]. - The company faced challenges due to a shortage of automotive-grade chips, impacting engine production and subsequently the output of National VI commercial vehicles[17]. - Rising raw material prices have increased the company's cost pressures, affecting overall profitability[18]. Shareholder Information - The top shareholder, Hong Kong Green Source Holdings Limited, holds 19.95% of the shares, while the second-largest shareholder, Ningbo Versailles Investment Holdings Limited, holds 15%[16]. - The company has a total of 8,926 common stock shareholders at the end of the reporting period[16].
雪龙集团(603949) - 2021 Q2 - 季度财报
2021-08-23 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was ¥277,634,451.43, representing a 25.94% increase compared to ¥220,455,093.85 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2021 was ¥80,318,258.74, a 33.68% increase from ¥60,084,290.48 in the previous year[18]. - The basic earnings per share for the first half of 2021 was ¥0.38, up 8.57% from ¥0.35 in the same period last year[19]. - The cash flow from operating activities increased significantly to ¥59,243,049.07, a 552.52% increase compared to ¥9,079,126.81 in the previous year[18]. - The total assets at the end of the reporting period were ¥1,136,443,148.38, reflecting a 5.53% increase from ¥1,076,910,783.88 at the end of the previous year[18]. - The weighted average return on net assets decreased to 8.10%, down 1.01 percentage points from 9.11% in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥71,839,083.36, which is a 22.42% increase from ¥58,681,209.54 in the same period last year[18]. - The company's net assets attributable to shareholders at the end of the reporting period were ¥978,833,764.23, a slight increase of 1.81% from ¥961,457,335.49 at the end of the previous year[18]. Market and Industry Insights - The automotive market in China showed resilience with a 24.2% increase in production and a 25.6% increase in sales during the first half of 2021, totaling 12.57 million vehicles produced and 12.89 million vehicles sold[31]. - The commercial vehicle market experienced a production increase of 15.75% year-on-year, with 2.73 million units produced, driven by the transition from National V to National VI emission standards[32]. - The heavy truck market saw a remarkable retail sales growth of 32.3%, reaching 841,000 units, surpassing historical sales records by 205,000 units[32]. - The company focuses on the development of lightweight plastic products for vehicles, which presents significant growth potential as the average plastic usage per vehicle in China is still lower than in developed countries[34]. Research and Development - R&D expenses increased by 32.48% to CNY 11.19 million, reflecting the company's commitment to innovation and technology development[49]. - The company is focusing on the development of new products, including electric control silicon oil clutch fan assemblies, to meet the evolving market demands and regulatory standards[40]. Operational Efficiency - The company has established a full-process production system from independent mold development to material modification, enhancing product quality and performance, which contributes to maintaining a high gross margin[38]. - The company has implemented cost control measures and automated production processes to enhance efficiency and reduce production costs[41]. - The company employs a direct sales model, serving as a primary supplier to vehicle and engine manufacturers, with a small portion of products sold in the aftermarket[30]. Financial Position and Stability - The company has a significant shareholder structure, with the actual controllers holding a combined 36.3% of the shares, including 13.26% by He Cailin and 11.52% each by He Qunyan and He Pingyan[95]. - The total liabilities rose to CNY 157,609,384.15, compared to CNY 115,453,448.39, indicating an increase of about 36.5%[103]. - The company's equity attributable to shareholders reached CNY 978,833,764.23, compared to CNY 961,457,335.49, marking an increase of approximately 1.3%[103]. - The company has a commitment to fill the dilution of immediate returns for shareholders, which is continuously effective[76]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, including the establishment of an energy management team and the promotion of energy-saving modifications[72]. - The company has introduced an energy-efficient product, the variable-speed electric control clutch fan assembly, contributing to national carbon neutrality goals[71]. - The company has invested in environmental protection equipment to minimize pollution during production processes[68]. Shareholder Commitments and Governance - The actual controller and major shareholders committed to a 36-month lock-up period for their shares starting from the date of the company's stock listing[75]. - The company has engaged intermediaries to ensure compliance with the commitments made in the prospectus[75]. - The commitments are designed to protect shareholder interests and maintain market stability[76]. Accounting and Financial Reporting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[142]. - The company adheres to specific accounting policies for financial instruments impairment, fixed asset depreciation, intangible asset amortization, and revenue recognition[143]. - The company applies expected credit loss model for impairment of financial assets, recognizing loss provisions based on the weighted average of credit losses[159].
雪龙集团(603949) - 2021 Q1 - 季度财报
2021-04-27 16:00
Financial Performance - Operating revenue rose by 48.39% to CNY 127,588,239.45 year-on-year[6] - Net profit attributable to shareholders increased by 128.84% to CNY 42,369,350.83 compared to the same period last year[6] - Basic earnings per share increased by 42.86% to CNY 0.20[8] - Operating profit for Q1 2021 was ¥48,777,789.92, up 96.3% from ¥24,845,661.16 in Q1 2020[28] - Net profit for Q1 2021 was ¥42,369,350.83, representing a 128.5% increase from ¥18,514,604.60 in Q1 2020[28] - The company reported a total comprehensive income of ¥42,369,350.83 for Q1 2021, compared to ¥18,514,604.60 in Q1 2020[29] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 19,853,033.28, a turnaround from a loss of CNY 1,316,672.08 in the previous year[6] - The net cash flow from operating activities for Q1 2021 was ¥19,853,033.28, compared to a negative cash flow of ¥1,316,672.08 in Q1 2020, indicating a turnaround in operational performance[33] - The company reported a total cash inflow from operating activities of ¥124,758,237.13 in Q1 2021, up from ¥55,823,509.10 in Q1 2020, marking an increase of approximately 123.5%[33] - The net cash flow from investment activities for Q1 2021 was ¥302,148,584.55, compared to a negative cash flow of ¥12,492,372.92 in Q1 2020, showing a strong improvement[33] - The net cash flow from financing activities in Q1 2021 was ¥436,604,905.66, reflecting a positive cash position compared to cash outflows in the previous year[34] Assets and Liabilities - Total assets increased by 1.45% to CNY 1,092,578,583.70 compared to the end of the previous year[6] - Total current assets increased to ¥834,144,495.61 as of March 31, 2021, compared to ¥823,152,690.50 on December 31, 2020, reflecting a growth of approximately 1.2%[20] - Total liabilities decreased to ¥88,751,897.38 from ¥115,453,448.39, indicating a decline of approximately 23.1%[22] - Total current liabilities decreased to ¥54,211,801.93 from ¥84,387,939.29, a reduction of about 35.7%[22] - Total non-current assets amounted to ¥258,434,088.09, up from ¥253,758,093.38, showing a growth of about 1.3%[21] Shareholder Information - The total number of shareholders reached 13,803 by the end of the reporting period[12] - The top shareholder, Hong Kong Green Source Holdings Limited, holds 19.95% of the shares[12] - Shareholders' equity increased to ¥1,003,826,686.32 from ¥961,457,335.49, representing a growth of about 4.4%[22] Research and Development - Research and development expenses increased by 66.35% to ¥5,595,004.12, due to higher material costs and depreciation expenses[18] - Research and development expenses rose to ¥5,595,004.12 in Q1 2021, a 66.3% increase from ¥3,363,453.75 in Q1 2020[27] Other Income and Investments - The company reported a non-recurring profit of CNY 3,702,849.44 for the period[9] - The company reported an investment income of ¥2,516,130.58, a substantial increase from zero in the previous year, mainly due to higher returns from bank wealth management[18] - The company reported investment income of ¥2,516,130.58 in Q1 2021, with no corresponding figure in Q1 2020[28] Inventory and Receivables - Accounts receivable rose by 34.55% to ¥149,185,003.07, attributed to increased operating revenue[16] - Inventory increased by 36.34% to ¥103,246,873.71, indicating a rise in stock levels[17] - Inventory levels rose to ¥103,246,873.71 from ¥75,726,131.76, indicating an increase of around 36.4%[20]
雪龙集团(603949) - 2020 Q4 - 年度财报
2021-04-27 16:00
Financial Performance - In 2020, Xuelong Group achieved a total operating revenue of RMB 487,671,779.87, representing a year-on-year increase of 33.50% compared to RMB 365,306,580.13 in 2019[26]. - The net profit attributable to shareholders of the listed company for 2020 was RMB 146,112,356.46, an increase of 46.28% from RMB 99,883,550.10 in 2019[26]. - The net profit after deducting non-recurring gains and losses was RMB 138,514,756.66, up 45.81% from RMB 94,998,847.64 in the previous year[26]. - The basic earnings per share for 2020 was CNY 0.76, representing a 4.11% increase from CNY 0.73 in 2019[27]. - The weighted average return on equity decreased to 18.37% in 2020 from 26.36% in 2019, a decline of 7.99 percentage points[27]. - The company achieved operating revenue of 487.67 million yuan, a year-on-year increase of 33.50%[58]. - Net profit attributable to shareholders reached 146.11 million yuan, up 46.28% compared to the previous year[58]. - The total assets increased to 1.08 billion yuan, reflecting a growth of 114.16% year-on-year[52]. Asset and Equity Growth - As of the end of 2020, the total assets of Xuelong Group amounted to RMB 1,076,910,783.88, a 114.16% increase from RMB 502,852,934.20 at the end of 2019[26]. - The net assets attributable to shareholders of the listed company reached RMB 961,457,335.49, reflecting a significant increase of 124.22% from RMB 428,792,732.33 in 2019[26]. - The net assets attributable to shareholders increased by 124.22% compared to the beginning of the year, primarily due to the completion of a public stock offering[28]. - The total assets grew by 114.16% from the beginning of the year, also attributed to the public stock offering[28]. Cash Flow and Dividends - The net cash flow from operating activities decreased by 50.48% to RMB 44,757,517.89 from RMB 90,389,445.91 in 2019[26]. - The company plans to distribute a cash dividend of RMB 3.00 per 10 shares, totaling RMB 62,941,830.00, based on a total share capital of 209,806,100 shares[6]. - The company proposed a cash dividend of 3.00 CNY per 10 shares for the year 2020, amounting to a total of 62,941,830 CNY distributed to shareholders, which represents 43.08% of the net profit attributable to ordinary shareholders[99]. Market and Product Development - The company focuses on the research, production, and sales of internal combustion engine cooling systems and lightweight plastic products, with applications in automotive and machinery sectors[35]. - The company has implemented a global internationalization strategy, emphasizing energy-saving and environmentally friendly product development[35]. - The demand for silicone oil clutch fan assemblies is expected to increase as the market transitions from direct-connected fans to more advanced products, expanding the market size[40]. - The automotive parts market is evolving with trends towards electrification and lightweighting, providing significant growth opportunities for the company's plastic components[40]. - The company anticipates a stable growth in the Chinese automotive market over the next five years, with total vehicle sales expected to reach 26.3 million units in 2021, a 4% increase year-on-year[79]. Research and Development - Research and development expenses increased by 36.07% to 19.64 million yuan, indicating a focus on innovation[61]. - The company aims to maintain a sales revenue investment of approximately 4% for research and development, focusing on expanding its product line in cooling systems[90]. - The company is investing in R&D, allocating 10% of its revenue towards developing new technologies and products[161]. Corporate Governance and Compliance - The company has not reported any significant risks that could materially affect its operations during the reporting period[11]. - The company has no violations of decision-making procedures for providing guarantees[9]. - The company has engaged in wealth management through bank financial products, with a total investment of 550 million RMB from raised funds and 100 million RMB from self-owned funds[116]. - The company has structured deposits with Agricultural Bank and Shanghai Bank, with annualized returns of 3.85% and 3.90%, respectively, and all principal and interest have been fully recovered[117]. - The company has implemented a MES system to improve production efficiency and transparency in the supply chain[54]. Shareholder Relations and Commitments - The company maintains a cash dividend policy, committing to distribute no less than 15% of the annual distributable profit as cash dividends, provided certain conditions are met[94]. - The company emphasizes communication with minority shareholders during the annual general meeting, providing multiple channels for feedback[98]. - The company has a structured decision-making process for profit distribution that includes input from independent directors and minority shareholders[98]. - The company has committed to ensuring that any adjustments to the profit distribution policy comply with relevant laws and regulations[98]. Environmental Responsibility - The company maintained compliance with environmental regulations, with all emission indicators meeting national standards[128]. - The company reported no violations of environmental laws or regulations during the reporting period[126]. - The company invested in environmental protection equipment to minimize its impact on the environment[127]. Audit and Financial Reporting - The company implemented the new revenue recognition standard starting from January 1, 2020, which aligns with national accounting policies and reflects the company's financial status objectively[109]. - The company appointed Tianjian Accounting Firm as the auditor for the fiscal year 2020, with an audit fee of 750,000 RMB, and the audit term is set for one year[111]. - The audit report emphasizes the importance of identifying and assessing risks of material misstatement due to fraud or error in financial reporting[196]. Employee Management - The total number of employees in the parent company is 399, while the main subsidiaries have 61 employees, resulting in a total of 460 employees[169]. - The company has implemented a competitive salary system to attract top talent while ensuring a good working environment for employees[170]. - The company emphasizes employee training to enhance professional knowledge and business skills, with both internal and external training programs[171].
雪龙集团(603949) - 2020 Q3 - 季度财报
2020-10-27 16:00
Financial Performance - Operating revenue for the first nine months rose by 31.70% to CNY 339,742,505.57 compared to the same period last year[6] - Net profit attributable to shareholders increased by 40.91% to CNY 97,457,886.80 compared to the same period last year[6] - Total operating revenue for Q3 2020 reached ¥119,287,411.72, a significant increase of 60.6% compared to ¥74,287,027.45 in Q3 2019[24] - Operating profit for Q3 2020 was ¥43,628,126.08, up 87.0% from ¥23,345,678.87 in Q3 2019[25] - Net profit for Q3 2020 was ¥37,373,596.32, representing a 92.2% increase from ¥19,426,463.47 in Q3 2019[25] - The total profit for Q3 2020 was ¥43,590,755.43, up 87.2% from ¥23,253,919.51 in Q3 2019[25] - The total revenue for the first three quarters of 2020 was ¥339,742,505.57, a 31.6% increase from ¥257,965,669.05 in the same period of 2019[24] Assets and Liabilities - Total assets increased by 98.50% to CNY 998,157,774.12 compared to the end of the previous year[6] - The total liabilities increased by 55.85% to RMB 12.97 billion, mainly due to an increase in payable taxes[14] - The total liabilities of Xuelong Group as of September 30, 2020, were CNY 85,354,908.29, compared to CNY 74,060,201.87 at the end of 2019, reflecting an increase of approximately 15.5%[19] - The company's total assets stood at 498,420,003.85, reflecting a strong balance sheet[45] - Total current assets amounted to 283,181,742.35, with cash and cash equivalents at 16,473,656.95[44] Shareholder Information - Net assets attributable to shareholders increased by 112.88% to CNY 912,802,865.83 compared to the end of the previous year[6] - The total number of shareholders reached 9,622[11] - The top shareholder, Hong Kong Green Source Holdings, holds 19.95% of shares[11] - The company's equity attributable to shareholders increased to CNY 912,802,865.83 from CNY 428,792,732.33, marking a growth of around 113.1%[19] Cash Flow - Cash flow from operating activities decreased by 67.78% to CNY 22,427,080.36 for the first nine months[6] - The net cash flow from operating activities for Q3 2020 was CNY 19,756,149, down 69.5% from CNY 64,671,718.88 in Q3 2019[37] - The company raised approximately ¥449.76 million through financing activities in the first nine months of 2020, compared to ¥8 million in the same period of 2019[34] - Cash inflow from financing activities in Q3 2020 was CNY 449,764,339.62, compared to CNY 8,000,000 in Q3 2019, leading to a net cash flow from financing activities of CNY 389,247,028.13[37] Research and Development - Research and development expenses increased by 33.75% to RMB 13.76 billion, attributed to higher material costs and depreciation[14] - R&D expenses for Q3 2020 amounted to ¥5,308,841.32, a 69.5% increase compared to ¥3,137,780.13 in Q3 2019[24] - Research and development expenses for Q3 2020 amounted to ¥5.85 million, up from ¥3.73 million in Q3 2019, indicating a year-over-year increase of 56.8%[29] Other Financial Metrics - The weighted average return on equity decreased by 6.29 percentage points to 12.74%[6] - Basic earnings per share decreased by 20.97% to CNY 0.49[6] - The gross profit margin for Q3 2020 was approximately 48.3%, compared to 48.0% in Q3 2019, indicating a slight improvement in profitability[29] - The company reported non-recurring gains of CNY 3,824,767.75 for the first nine months[9] Inventory and Receivables - Accounts receivable rose by 32.34% to RMB 163.45 billion, primarily driven by increased operating revenue[13] - Inventory levels rose to CNY 80,222,380.97 from CNY 59,280,498.79, indicating an increase of approximately 35.3%[18] - Accounts receivable reached 122,747,599.02, indicating a significant asset position[44]
雪龙集团(603949) - 2020 Q2 - 季度财报
2020-08-20 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥220,455,093.85, representing a 20.02% increase compared to ¥183,678,641.60 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2020 was ¥60,084,290.48, up 20.80% from ¥49,738,153.53 in the previous year[19]. - Basic earnings per share for the first half of 2020 were ¥0.46, a 4.55% increase from ¥0.44 in the same period last year[20]. - The company reported a net profit after deducting non-recurring gains and losses of ¥58,681,209.54, which is a 22.45% increase from ¥47,922,490.74 in the previous year[19]. - The total comprehensive income for the current period amounted to 60,084,290.48[129]. - The net profit for the first half of 2020 reached CNY 56,685,818.68, representing a growth of 26.8% from CNY 44,730,451.14 in the first half of 2019[116]. Asset and Equity Growth - The net assets attributable to shareholders increased by 104.16% to ¥875,429,269.51 from ¥428,792,732.33 at the end of the previous year[19]. - Total assets rose by 91.10% to ¥960,929,689.43 compared to ¥502,852,934.20 at the end of the previous year[19]. - The total equity of the company reached ¥867,630,129.19, significantly higher than ¥424,392,063.81 in the previous year, reflecting a growth of 104.5%[109]. - The total owner's equity at the end of the previous period was 328,909,182.23[129]. - The increase in total equity from the previous period to the current period was approximately 166.5%[129]. Cash Flow and Financial Management - The net cash flow from operating activities was ¥9,079,126.81, down 57.20% from ¥21,215,388.02 in the same period last year[19]. - Cash and cash equivalents at the end of the period amounted to ¥76,228,321.60, representing 7.93% of total assets, a significant increase of 419.34% compared to ¥14,677,823.23 in the same period last year[43]. - The cash inflow from operating activities was CNY 131,246,508.61, down from CNY 150,112,471.93 in the first half of 2019, indicating a decrease of 12.6%[118]. - The cash paid for taxes decreased to CNY 13,026,563.93 from CNY 25,891,415.63 year-on-year[122]. - The company reported a decrease in sales expenses to CNY 10,946,617.18 from CNY 15,566,263.49 in the previous year, reflecting improved cost management[115]. Market and Product Development - The company has developed a series of industry-leading core technologies, including engine cooling fan performance simulation and automation production technologies, which position it to capitalize on the industry benefits from the "National VI" emission standards[32]. - The company is actively engaged in the research and development of new products, including multi-phase/high-temperature resistant composite materials and performance calculation software for silicone oil clutches[32]. - The demand for fan assemblies is expected to shift towards silicone oil clutch fan assemblies, with the commercial vehicle fan market projected to grow to 4.58 billion yuan in 2022, reflecting a compound annual growth rate of 38%[28]. - The automotive parts market is experiencing a shift towards lightweight materials, with significant growth potential for the company's lightweight plastic components[29]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the financial report[106]. Shareholder and Stock Information - The company plans to increase its total share capital from 149,861,500 to 209,806,100 shares by distributing 4 additional shares for every 10 shares held, with no cash dividends or redemptions planned[54]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing[55]. - The company’s major shareholders have made commitments regarding their shareholding intentions and reduction intentions prior to the public offering[56]. - The company has received commitments from its actual controllers and major shareholders to ensure no false statements or omissions in the prospectus[56]. - The company has a total of 29,891,500 restricted shares held by Hong Kong Green Source, which will become tradable on March 10, 2023[80]. Compliance and Governance - The company has complied with environmental regulations, with all emission indicators meeting national standards in the first half of 2020[66]. - There were no major litigation or arbitration matters during the reporting period[62]. - The company has not engaged in any significant related party transactions during the reporting period[64]. - The audit report confirms that the financial statements fairly reflect the company's financial position as of June 30, 2020[88]. - The company has submitted re-certification materials for high-tech enterprise status, which, if not approved, could lead to a higher tax burden and negatively impact net profit[50]. Accounting Policies and Practices - The company implemented the new revenue recognition standard starting January 1, 2020, which aligns with national accounting policies and aims to reflect the financial status and operating results more objectively[70]. - The financial statements are prepared on a going concern basis, with no significant doubts regarding the company's ability to continue operations for the next 12 months[142]. - The company recognizes financial assets and liabilities at fair value upon initial recognition, with specific measurement methods for subsequent accounting[157]. - The company assesses whether the credit risk of financial instruments has significantly increased since initial recognition, adjusting loss provisions accordingly[168]. - The company uses a perpetual inventory system for inventory management[179].
雪龙集团(603949) - 2020 Q1 - 季度财报
2020-04-28 16:00
2020 年第一季度报告 公司代码:603949 公司简称:雪龙集团 XuelongGroupCo.,Ltd. 雪龙集团股份有限公司 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 7 | | 四、 | 附录 9 | 2020 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 954,440,977.59 | 502,852,934.20 | | 89.81 | | 归属于上市公司 | 878,818,033.63 | 428,792,732.33 | | 104.95 | | 股东的净资产 | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | 比上年同期增减(%) | | | 经营活动产生的 | -1,316,672.08 | -3,022,757.83 | | 56.44 ...