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杭可科技(688006) - 2019 Q4 - 年度财报
2020-04-28 16:00
Financial Performance - The company reported a total revenue of 1.2 billion CNY for 2019, reflecting a year-on-year growth of 15%[23]. - The net profit attributable to shareholders for 2019 was 290 million CNY, an increase of 25% compared to the previous year[23]. - The company's operating revenue for 2019 was approximately RMB 1.31 billion, an increase from RMB 1.11 billion in 2018, reflecting a growth rate of 18.36%[29]. - The net profit attributable to shareholders for 2019 was approximately RMB 291.19 million, slightly up from RMB 286.24 million in 2018, indicating a growth of 1.73%[29]. - The total profit amounted to ¥334,039,578.56, an increase of 0.97% compared to the previous year[102]. - The net profit attributable to the parent company was ¥291,187,625.69, reflecting a year-on-year increase of 1.73%[102]. - Operating costs rose to ¥664,914,816.13, which is a 12.37% increase from the previous year[103]. - The company achieved operating revenue of ¥1,313,025,766.35, representing a year-on-year growth of 18.36%[102]. Dividend Policy - The company plans to distribute a cash dividend of 2.2 CNY per 10 shares, totaling approximately 88.22 million CNY, which represents 30.30% of the net profit attributable to shareholders for 2019[10]. - The company did not propose a cash profit distribution plan for the reporting period despite having positive distributable profits[157]. - The company has a profit distribution policy that is detailed in the prospectus, indicating a long-term commitment to shareholder returns[168]. - In 2019, the company distributed a cash dividend of 88,220,000 RMB, representing 30.30% of the net profit attributable to ordinary shareholders[154]. - The cash dividend per 10 shares was 2.2 RMB (including tax) in 2019[154]. Research and Development - Research and development expenses accounted for 5.67% of operating revenue, an increase of 0.49 percentage points compared to 5.18% in 2018[30]. - The total R&D investment for the period was ¥74,495,277.90, accounting for 5.67% of total revenue[61]. - The company applied for 49 domestic invention patents and received approval for 32 utility model patents in 2019[61]. - The company has a total of 344 R&D personnel, representing 21.35% of the total workforce[61]. - The R&D team consists of 344 individuals, with 73.26% under the age of 30[74]. Market Position and Strategy - The company is focused on expanding its market presence and enhancing its product offerings in the upcoming year[11]. - The company continues to focus on the design, development, production, and sales of lithium-ion battery post-processing systems, providing solutions to major manufacturers like Samsung and BYD[41]. - The company has established close partnerships with leading battery manufacturers such as Samsung, LG, and CATL, positioning itself as a key supplier in the lithium-ion battery industry[85]. - The company is expected to see a 3-5 times increase in demand for lithium battery equipment due to the anticipated investment boom in the lithium battery industry from 2020 to 2023[89]. - The company aims to enhance its market share and competitive advantage in the lithium battery equipment manufacturing sector due to the global expansion of the lithium battery industry[145]. Operational Risks and Challenges - The company has outlined various operational risks and corresponding mitigation strategies in the report[7]. - The company faces risks related to the acceptance of its products, as the acceptance cycle is generally estimated to be around one year, which can be extended due to various factors affecting customers[96]. - The company is facing intensified competition due to the influx of foreign battery manufacturers in the Chinese market[141]. - The company has not yet covered all major domestic power lithium battery manufacturers, which poses a risk to future sales revenue and market share[96]. Financial Management - The company has engaged Tianjian Accounting Firm for auditing services, with a remuneration of 1,200,000 RMB for the year[174]. - The company has entrusted a total of RMB 320 million for cash asset management, with an outstanding balance of RMB 80 million[183]. - The company has engaged in various financial products, including RMB 80 million in public structured deposit products with an annualized return rate of 3.80%[186]. - The company has also invested RMB 70 million in a principal-protected financial product with an annualized return rate of 3.70%, which has been fully recovered[186]. Corporate Governance and Social Responsibility - The company adheres to legal regulations and has improved its corporate governance structure, ensuring shareholder rights and timely information disclosure[198]. - The company donated RMB 50,000 to support rural public welfare projects in Xiaoshan District, aligning with its commitment to social responsibility[192]. - The company plans to continue its poverty alleviation efforts in 2020, aiming to help more people escape poverty[197]. Inventory and Customer Concentration - The company's inventory value at the end of the last three fiscal years was 605.06 million, 780.99 million, and 837.55 million, representing 40.42%, 41.13%, and 25.53% of current assets, and 32.95%, 33.84%, and 21.88% of total assets respectively, indicating a high inventory risk[93]. - The company's sales revenue from the top five customers accounted for over 70% of total revenue during the reporting period, indicating a high customer concentration risk[96]. - Accounts receivable increased by 97.21% to 357,680,344.93 RMB, reflecting higher operating income[124].
杭可科技(688006) - 2020 Q1 - 季度财报
2020-04-28 16:00
Financial Performance - Net profit attributable to shareholders was CNY 48,442,897.56, down 20.11% year-on-year[12]. - Operating revenue for the period was CNY 166,802,525.18, representing a decline of 33.23% compared to the same period last year[12]. - Basic earnings per share decreased by 29.41% to CNY 0.12[15]. - The total operating profit decreased to CNY 58,553,042.93 from CNY 63,965,581.93, representing a decline of approximately 6.9% year-over-year[55]. - Net profit for the period was CNY 52,156,852.62, down from CNY 59,946,886.54, indicating a decrease of about 12.9% year-over-year[55]. - The total comprehensive income for Q1 2020 was ¥48,873,363.50, down from ¥60,399,747.44 in Q1 2019[51]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,821,820,636.25, a decrease of 0.15% compared to the end of the previous year[12]. - Total current assets slightly decreased from ¥3,280,912,082.90 to ¥3,278,622,580.68, a decrease of about 0.1%[34]. - Total non-current assets decreased from ¥546,758,279.60 to ¥543,198,055.57, a decrease of approximately 0.5%[34]. - Total liabilities decreased from ¥1,604,556,106.45 to ¥1,549,833,016.70, a decrease of about 3.4%[37]. - Owner's equity increased from ¥2,223,114,256.05 to ¥2,271,987,619.55, an increase of approximately 2.2%[39]. Cash Flow - The net cash flow from operating activities increased significantly by 349.68% to CNY 125,176,098.03[12]. - Cash flow from operating activities increased significantly to CNY 125,176,098.03 compared to CNY 27,836,757.57 in the previous year, marking a growth of approximately 348.5%[57]. - The company reported a net cash outflow from investing activities of CNY -179,763,682.67, compared to a net inflow of CNY 82,012,473.24 in the previous year[59]. - Cash and cash equivalents at the end of the period amounted to CNY 1,531,090,331.84, down from CNY 499,466,522.35 at the end of the previous year[59]. Shareholder Information - The total number of shareholders at the end of the reporting period was 10,601[19]. - The largest shareholder, Cao Ji, held 46.79% of the shares, totaling 187,616,596 shares[19]. Research and Development - Research and development expenses accounted for 13.15% of operating revenue, an increase of 7.74 percentage points year-on-year[15]. - Research and development expenses increased by 62.26% year-on-year, reflecting the company's increased investment in R&D[25]. - Research and development expenses increased to ¥21,933,550.98 in Q1 2020, up 62.2% from ¥13,517,701.14 in Q1 2019[49]. Other Income and Expenses - The company received government subsidies amounting to CNY 11,224,476.00 during the reporting period[15]. - Other income increased by 61.72% year-on-year, primarily due to an increase in government subsidies received during the period[25]. - Investment income increased by 30.70% year-on-year, driven by an increase in financial products[25]. - The company recorded a decrease in credit impairment losses, improving to CNY -2,739,310.82 from CNY -7,490,082.32, indicating a positive trend in credit quality[55].
杭可科技(688006) - 2020 Q1 - 季度财报
2020-04-28 16:00
Financial Performance - Operating revenue for the period was CNY 166,802,525.18, representing a decline of 33.23% year-on-year[12] - Net profit attributable to shareholders was CNY 48,442,897.56, down 20.11% from the previous year[12] - Basic earnings per share decreased by 29.41% to CNY 0.12[15] - The company’s cash flow from operating activities showed a significant increase, indicating improved liquidity management[25] - The total revenue for the first quarter of 2020 was approximately 524.19 million RMB, an increase from 339.93 million RMB in the same period of 2019, reflecting a growth of about 54%[57] - The net profit for the first quarter of 2020 was 52.16 million RMB, down from 59.95 million RMB in the previous year, representing a decrease of approximately 13%[55] - The total profit for the first quarter was 58.74 million RMB, compared to 68.72 million RMB in the same quarter of 2019, showing a decline of about 14.5%[55] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,821,820,636.25, a decrease of 0.15% compared to the end of the previous year[12] - Total current assets slightly decreased from ¥3,280,912,082.90 to ¥3,278,622,580.68, a decrease of about 0.1%[34] - Total non-current assets decreased from ¥546,758,279.60 to ¥543,198,055.57, a decrease of approximately 0.5%[34] - Total current liabilities decreased from ¥1,592,417,601.09 to ¥1,538,089,348.25, a decrease of approximately 3.4%[37] - Total liabilities decreased from ¥1,604,556,106.45 to ¥1,549,833,016.70, a decrease of about 3.4%[37] - Owner's equity increased from ¥2,223,114,256.05 to ¥2,271,987,619.55, an increase of approximately 2.2%[39] Cash Flow - The net cash flow from operating activities increased significantly by 349.68% to CNY 125,176,098.03 compared to the same period last year[12] - Cash received from sales of goods and services grew by 75.69% compared to the previous year, attributed to improved customer payment collection efforts[25] - Cash and cash equivalents decreased from ¥1,635,200,805.12 to ¥1,562,372,461.42, a decrease of about 4.4%[39] - The cash outflow from investing activities was 261.28 million RMB, compared to 19.12 million RMB in the same period of 2019, indicating a substantial increase in investment expenditures[59] - The company reported a significant reduction in credit impairment losses, which improved to -2.74 million RMB from -7.49 million RMB year-over-year[55] Research and Development - Research and development expenses accounted for 13.15% of operating revenue, an increase of 7.74 percentage points year-on-year[15] - Research and development expenses increased by 62.26% year-on-year, reflecting the company's commitment to enhancing R&D investment[25] - Research and development expenses increased to ¥21,933,550.98 in Q1 2020, up 62.2% from ¥13,517,701.14 in Q1 2019[49] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,601[19] - The largest shareholder, Cao Ji, held 46.79% of the shares, totaling 187,616,596 shares[19] Government Support - The company received government subsidies amounting to CNY 11,224,476.00 during the reporting period[15] Other Financial Metrics - The weighted average return on net assets decreased by 4.28 percentage points to 2.16%[12] - Other receivables increased by 66.75% year-on-year, mainly due to an increase in accrued interest income[25] - Short-term borrowings decreased by 100% compared to the previous year, as the discounted bills matured[25] - The company reported a 63.65% increase in taxes and surcharges year-on-year, driven by a rise in total invoiced amounts[25] - Other current assets grew by 100.64% year-on-year, primarily due to an increase in purchased financial products[25] - Accounts receivable financing decreased from ¥54,551,948.04 to ¥18,310,289.60, a reduction of approximately 66.5%[34] - Prepayments increased from ¥55,353,355.20 to ¥84,502,320.66, an increase of approximately 52.7%[34] - Deferred income tax liabilities rose to ¥25,537.53 from ¥23,601.62, indicating a 8.2% increase[49] Other Information - The company did not apply new revenue and lease standards for the current reporting period[64]
杭可科技(688006) - 2019 Q3 - 季度财报
2019-10-28 16:00
Financial Performance - Operating income for the first nine months rose by 4.27% to CNY 999,330,817.32 compared to the same period last year[18] - Net profit attributable to shareholders increased by 14.31% to CNY 285,354,440.54 compared to the same period last year[18] - The company reported a net profit of ¥285.35 million, representing a growth rate of 73.83% compared to the previous period[32] - Total operating revenue for Q3 2019 was approximately ¥369.63 million, a decrease of 18.5% compared to ¥453.70 million in Q3 2018[56] - Net profit for Q3 2019 was approximately ¥106.32 million, a decrease of 5.8% compared to ¥112.95 million in Q3 2018[59] - The total profit for the first three quarters of 2019 was CNY 331.98 million, an increase from CNY 293.81 million in the same period of 2018[65] - The company’s total revenue for the first three quarters of 2019 was CNY 999.49 million, compared to CNY 964.47 million in the first three quarters of 2018, marking a growth of 3.6%[65] Assets and Liabilities - Total assets increased by 61.07% to CNY 3,717,388,503.43 compared to the end of the previous year[18] - Total liabilities increased by ¥1,409.49 million, reflecting a significant rise in accounts payable and notes payable[41] - The company's total liabilities reached approximately ¥1.50 billion in Q3 2019, an increase of 7.3% from ¥1.40 billion in Q3 2018[56] - The total number of shareholders at the end of the reporting period was 16,900[25] - The total current liabilities increased to CNY 1,487,187,606.06 from CNY 1,391,782,238.75, showing a rise of about 6.8%[50] Shareholder Information - Net assets attributable to shareholders increased by 143.29% to CNY 2,217,660,574.51 compared to the end of the previous year[18] - Major shareholder Cao Ji holds 46.79% of the shares, totaling 187,616,596 shares[25] - The owner's equity totaled CNY 2,217,660,574.51, significantly up from CNY 911,539,813.90, representing a growth of approximately 143.5%[46] Cash Flow - Net cash flow from operating activities decreased by 80.49% to CNY 20,811,649.42 compared to the same period last year[18] - Cash inflow from operating activities totaled RMB 932,015,440.27, a decrease of 4.9% compared to RMB 980,336,985.78 in the same period last year[74] - Net cash flow from operating activities was RMB 21,503,101.95, significantly lower than RMB 106,666,344.87 in the previous year, indicating a decline of 79.9%[76] - The net increase in cash and cash equivalents was RMB 999,600,525.95, compared to an increase of RMB 55,381,476.78 in the previous year[76] - The ending balance of cash and cash equivalents was RMB 1,390,941,588.59, significantly higher than RMB 278,648,867.13 from the previous year[76] Investments and Expenses - Research and development expenses for Q3 2019 were approximately ¥18.08 million, slightly down from ¥18.62 million in Q3 2018[56] - The company’s capital reserve increased by ¥978.92 million, a growth rate of 906.89%, primarily due to the premium from the IPO[30] - Other income increased by ¥24.19 million, a growth rate of 81.54%, mainly due to an increase in government subsidies received during the reporting period[32] - The company reported other income of approximately ¥34.22 million in Q3 2019, an increase from ¥13.25 million in Q3 2018[56] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[56]