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广大特材:关于召开2022年度暨2023年第一季度业绩说明会的公告
2023-04-14 08:57
| 证券代码:688186 | 证券简称:广大特材 公告编号:2022-016 | | --- | --- | | 转债代码:118023 | 转债简称:广大转债 | 会议召开方式:上证路演中心网络互动 投资者可于 2023 年 4 月 17 日(星期一)至 4 月 24 日(星期一)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 gd005@zjggdtc.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 张家港广大特材股份有限公司(以下简称"公司")将于 2023 年 4 月 22 日 发布公司 2022 年度报告及 2023 年第一季度报告,为便于广大投资者更全面深 入地了解公司 2022 年度及 2023 年第一季度经营成果、财务状况,公司计划于 2023 年 4 月 25 日上午 10:00-11:00 举行 2022 年度暨 2023 年第一季度业绩说 明会,就投资者关心的问题进行交流。 一、说明会类型 张家港广大特材股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩说明 会的公告 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 ...
广大特材(688186) - 2022年5月投资者关系活动记录表
2022-11-19 05:10
证券代码:688186 证券简称:广大特材 张家港广大特材股份有限公司投资者关系活动记录表 编号:2022-5 | --- | --- | --- | |-------------------------|------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | □ 特定对象调研 | □ 分析师会议 | | | □ 媒体采访 | □ 业绩说明会 | | 投资者关系活 动类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | √ 电话会议 | | | □ | 其他(请文字说明其他活动内容) | | | | 天风证券孙潇雅、郝占一、广发基金姚旭增、何珏威、曹 | | 参与单位名称 及人员姓 ...
广大特材(688186) - 2022年6月投资者关系活动记录表
2022-11-17 14:18
证券代码:688186 证券简称:广大特材 张家港广大特材股份有限公司投资者关系活动记录表 编号:2022-6 | --- | --- | --- | |------------------------------|--------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...
广大特材(688186) - 2022 Q2 - 季度财报
2022-08-25 16:00
Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[1]. - The net profit attributable to shareholders was RMB 200 million, up 10% compared to the same period last year[1]. - The company's operating revenue for the first half of 2022 was CNY 1,577,590,128.20, representing a 4.74% increase compared to CNY 1,506,198,676.45 in the same period last year[19]. - The net profit attributable to shareholders decreased by 61.54% to CNY 57,636,253.34 from CNY 149,841,359.64 year-on-year[19]. - The basic earnings per share dropped by 70.33% to CNY 0.27, down from CNY 0.91 in the previous year[20]. - The net cash flow from operating activities was negative at CNY -184,998,422.57, a significant decline from CNY 14,386,119.94 in the same period last year, marking a decrease of 1,385.95%[19]. - The company reported a decrease in various financial metrics primarily due to increased period expenses and rising raw material prices during the first half of the year[20]. - The company achieved a total revenue of 340.5 million RMB, with a net profit of approximately 69.5 million RMB, reflecting a significant increase compared to the previous period[85]. - The company reported a significant increase in revenue for the first half of 2022, achieving a total of 1.5 billion, representing a 20% year-over-year growth[132]. - The company provided a positive outlook for the second half of 2022, projecting a revenue growth of 25%[132]. Research and Development - The company has allocated RMB 100 million for research and development in advanced materials for the upcoming fiscal year[1]. - The company's R&D expenditure as a percentage of operating revenue rose to 4.41%, an increase of 0.74 percentage points from 3.67% in the previous year[20]. - The company achieved a total R&D investment of ¥69,507,659.07, representing a 25.74% increase compared to ¥55,279,388.57 in the previous year[69]. - Research and development expenses rose by 25.74% to CNY 69,507,659.07, reflecting the company's commitment to enhancing technology and product development[194]. - The company is investing heavily in R&D, with a budget increase of 30% to enhance product innovation and technology development[132]. - The company is actively pursuing research and development in new materials and technologies to maintain its competitive edge in the market[93]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2023[1]. - Market expansion plans include entering three new international markets by Q4 2022, aiming for a 10% market share in each[132]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the tech sector[132]. - The company is focusing on expanding its presence in the wind power, military, and energy equipment sectors, with ongoing projects to enhance production capacity and market share[91]. Product Development and Innovation - New product development includes the launch of a high-performance alloy, expected to contribute an additional RMB 300 million in revenue in 2023[1]. - The company is constructing a project to produce 84,000 precision mechanical components annually, enhancing its market share and competitiveness in the gearbox component industry[34]. - The company has expanded its product offerings to include high-end cast steel components for nuclear and gas turbines, achieving mass production capabilities for high-parameter units[45]. - The company is developing new products, including large wind power components and high-strength steel, to meet the growing market demand and improve overall profitability[93]. Operational Efficiency and Cost Management - The company has committed to reducing operational costs by 15% through efficiency improvements and process optimization[132]. - The company is implementing cost control measures and optimizing production processes to enhance efficiency and reduce material costs[94]. - The company aims to enhance self-sufficiency in high-purity special stainless steel, with non-metallic inclusions requirements set at A, C class 0 level and D class ≤0.5 level[77]. Risks and Challenges - The management highlighted potential risks including fluctuations in raw material prices and regulatory changes[1]. - The company is facing risks related to raw material price volatility, which could adversely affect profitability[99]. - The company has faced risks related to the potential loss of core technical personnel and the need for continuous innovation to meet market demands[96]. Environmental and Social Responsibility - The company has implemented pollution prevention measures to ensure that pollutants are treated and discharged in compliance with standards[123]. - The company utilizes a "rainwater and sewage diversion" system for wastewater management, ensuring that production wastewater is recycled and not discharged externally[123]. - The company has established a waste gas treatment system, including dust removal devices and purification towers, to manage emissions effectively[123]. - The company has taken measures to reduce noise pollution through sound insulation and vibration reduction techniques[123]. Corporate Governance and Shareholder Relations - The company has developed a sound corporate governance structure to ensure independent operation of the board, supervisory board, and management, enhancing shareholder rights[141]. - The company committed to ensuring the fulfillment of promises made during the IPO process, including public disclosure of any unfulfilled commitments and compensation for investor losses[145]. - The company will actively protect the interests of minority investors and implement measures to prevent dilution of immediate returns[140]. - The company will ensure that all related transactions are conducted at fair market prices and will fulfill information disclosure obligations[135].
广大特材(688186) - 2022 Q1 - 季度财报
2022-04-28 16:00
Financial Performance - The company's operating revenue for Q1 2022 was CNY 662,397,776.95, representing an increase of 8.96% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 67.94% to CNY 20,863,482.71, primarily due to rising raw material costs[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 76.80% to CNY 12,591,246.77[5]. - The basic and diluted earnings per share were both CNY 0.10, down 74.36% year-on-year[6]. - Total revenue for Q1 2022 reached ¥662,397,776.95, an increase of 8.97% compared to ¥607,928,692.84 in Q1 2021[21]. - Net profit for Q1 2022 was ¥23,811,808.06, a decrease of 63.5% from ¥65,360,804.95 in Q1 2021[22]. - Earnings per share for Q1 2022 were ¥0.10, down from ¥0.39 in Q1 2021[23]. Research and Development - The total R&D investment amounted to CNY 36,680,275.60, an increase of 88.96% compared to the previous year, accounting for 5.54% of operating revenue[6]. - Research and development expenses increased to ¥36,680,275.60 in Q1 2022, compared to ¥19,411,841.34 in Q1 2021, marking an increase of 88.9%[22]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 8,417,828,419.01, reflecting a growth of 12.29% from the end of the previous year[6]. - The company's current assets totaled RMB 4,257,139,585.70, up from RMB 3,738,249,373.80, indicating an increase of about 13.9%[18]. - The inventory level rose to RMB 1,968,833,664.22 from RMB 1,508,390,376.28, representing a significant increase of approximately 30.5%[18]. - The total liabilities stood at RMB 5,924,175,477.45, compared to RMB 5,025,853,061.33, marking an increase of approximately 17.8%[19]. - Total liabilities increased to ¥4,939,570,775.97 in Q1 2022, compared to ¥4,041,228,504.05 in Q1 2021, representing a growth of 22.2%[20]. Cash Flow - The net cash flow from operating activities was negative at CNY -105,733,472.61, indicating a significant cash outflow[5]. - Cash flow from operating activities showed a net outflow of ¥105,733,472.61 in Q1 2022, slightly improved from a net outflow of ¥105,996,432.63 in Q1 2021[26]. - The company reported a total cash inflow from operating activities of ¥429,819,293.41 in Q1 2022, compared to ¥219,421,029.85 in Q1 2021, an increase of 96%[26]. - The net cash flow from financing activities was $864,222,433.57, an increase from $315,467,845.81 in the previous period[27]. - The net cash flow from investment activities was -$454,167,687.27, compared to -$107,493,908.42 previously[27]. Shareholder Information - The number of common shareholders at the end of the reporting period was 12,372[12]. - Owner's equity reached ¥3,478,257,643.04 in Q1 2022, up from ¥3,455,245,823.69 in Q1 2021, indicating a growth of 0.67%[20]. Financial Expenses - The company incurred financial expenses of ¥18,047,808.69 in Q1 2022, which is an increase from ¥13,977,772.19 in Q1 2021, reflecting a rise of 29.4%[22].
广大特材(688186) - 2021 Q4 - 年度财报
2022-03-20 16:00
Financial Performance - The net profit attributable to shareholders for 2021 was RMB 176,099,515.05, with a cash dividend distribution plan of RMB 2.50 per 10 shares, totaling RMB 53,560,000.00[5] - The company's cash dividend payout ratio for the year was 30.41%[5] - As of December 31, 2021, the company's distributable profits amounted to RMB 318,356,663.62[5] - The company's operating revenue for 2021 was ¥2,737,280,294.11, representing a 51.20% increase compared to ¥1,810,337,765.34 in 2020[22] - The net profit attributable to shareholders for 2021 was ¥176,099,515.05, a slight increase of 1.70% from ¥173,159,052.65 in 2020[22] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 9.38% to ¥148,105,021.68 from ¥163,426,387.64 in 2020[22] - The company's total assets increased by 80.75% to ¥7,496,474,327.74 at the end of 2021, up from ¥4,147,341,774.36 at the end of 2020[22] - The net assets attributable to shareholders rose by 78.81% to ¥3,125,475,332.73 at the end of 2021, compared to ¥1,747,895,528.71 at the end of 2020[22] - The company's basic earnings per share (EPS) decreased by 13.64% to CNY 0.95 compared to the previous year[24] Cash Flow and Investments - The net cash flow from operating activities for 2021 was negative at -¥696,354,838.56, worsening from -¥162,805,345.57 in 2020[22] - The cash flow from operating activities was negative across all four quarters, with Q1 showing a net cash flow of CNY -105,996,432.63[28] - The company's investment activities generated a net cash outflow of -1,241,944.30 million RMB, primarily due to increased investment in new projects[111] - The financing activities generated a net cash flow of 1,954,897,052.82, an 88.28% increase compared to the previous year, primarily from stock issuance and increased bank loans[130] Research and Development - The company has been actively involved in the research and development of new products and technologies to enhance its market position[21] - Research and development (R&D) expenses accounted for 4.78% of operating revenue, an increase of 0.65 percentage points from the previous year[24] - The company increased its R&D investment to approximately ¥130.92 million, a 75.17% increase from the previous year[86] - The company has established 32 core technologies related to melting, forming, and heat treatment, which are critical for material performance and stability[100] - The company has filed for 32 new patents this year, with 19 patents granted, bringing the total to 144 applications and 73 granted[84] Market Strategy and Expansion - The company aims to expand its market presence through strategic initiatives and potential mergers and acquisitions[21] - The company is focused on high-tech, high-difficulty wind power material products, establishing a competitive advantage in niche markets[66] - The company is expanding its product matrix in the offshore wind power sector, focusing on precision mechanical components and large-scale equipment[47] - The company is actively expanding its market presence in the wind power sector, contributing to increased revenue from new subsidiaries[109] - The company plans to continue expanding its market presence and product offerings in the renewable energy sector[116] Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8] - The company has not violated decision-making procedures for external guarantees[8] - The company does not have any special arrangements for corporate governance[6] - The company has confirmed that there are no significant differences in governance compared to regulations set by the China Securities Regulatory Commission[156] - The company has maintained a consistent approach to governance and compliance with regulatory requirements[178] Risks and Challenges - The company has detailed various operational risks in the report, which investors should be aware of[3] - The company faces risks related to raw material price fluctuations, with 61.54% of material costs coming from scrap steel, alloys, and pig iron[104] - The company is exposed to potential risks from talent loss and technology leakage, which could impact its competitive edge in the high-end steel material market[102] Production and Operations - The company operates three main production bases: Zhangjiagang focuses on material R&D and customized production, Rugao specializes in wind power castings, and Deyang concentrates on energy power equipment and turbine blade production[50] - The company employs a "sales-driven production" model, organizing production based on customer orders and adjusting raw material procurement accordingly[52] - The company has established a supplier evaluation system to optimize its supplier structure based on quality, price, and delivery time[51] Shareholder Relations - The company has established a cash dividend policy, committing to distribute at least 10% of the annual distributable profit in cash dividends when profitable[195] - The company will actively communicate with shareholders, especially minority shareholders, regarding the profit distribution plan[198] - The company has a total of 1,743 employees, with 696 in the parent company and 1,047 in major subsidiaries[191] Management and Personnel - The company has appointed new senior management personnel, including the new financial head, Zhong Weiyi, who started on November 4, 2021[163] - The company has seen changes in its board, with several members leaving due to term expiration or personal reasons[177] - The company has a total of 797.97 million yuan in remuneration for directors and supervisors[176] Future Outlook - The company provided guidance for Q4 2023, expecting revenue to be between $1.6 billion and $1.7 billion, indicating a potential growth of 10% to 13%[169] - The company plans to invest 100 million yuan in R&D for innovative technologies aimed at improving production efficiency[167] - The management team emphasized the importance of sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2025[167]
广大特材(688186) - 2021 Q3 - 季度财报
2021-10-28 16:00
Financial Performance - The company's operating revenue for Q3 2021 was ¥469,145,994.28, a decrease of 8.41% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2021 was ¥40,753,993.04, down 18.08% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,488,375.56, a decrease of 30.48% compared to the same period last year[5]. - Total revenue for the first three quarters of 2021 reached ¥1,975,344,670.73, a significant increase from ¥1,318,510,287.26 in the same period of 2020, representing a growth of approximately 49.9%[23]. - Operating profit for the third quarter was ¥198,923,388.85, compared to ¥167,724,260.53 in the previous year, indicating an increase of about 18.6%[24]. - Net profit for the third quarter amounted to ¥183,206,201.56, up from ¥138,920,197.51 in the same quarter of 2020, reflecting a growth of approximately 32%[24]. - The total comprehensive income for the period was CNY 183,206,201.56, compared to CNY 138,920,197.51 in the previous period, representing an increase of approximately 32%[25]. - Basic and diluted earnings per share were both CNY 1.08, up from CNY 0.89 in the same period last year, indicating a growth of 21.35%[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥7,264,377,304.67, an increase of 75.16% compared to the end of the previous year[6]. - Total assets as of the end of the third quarter were ¥7,264,377,304.67, compared to ¥4,147,341,774.36 at the end of the same period last year, marking an increase of about 75.5%[21]. - Total liabilities increased to ¥3,793,372,128.06 from ¥2,399,446,245.65, representing a growth of approximately 58.2%[20]. - The total equity attributable to shareholders increased to ¥3,142,119,817.93 from ¥1,747,895,528.71, reflecting a growth of approximately 79.9%[21]. Cash Flow - The company reported a net cash flow from operating activities of -¥263,076,280.86 for the year-to-date period[6]. - Cash inflow from operating activities totaled CNY 1,020,347,997.84, significantly higher than CNY 530,149,095.11 in the previous year, marking an increase of 92.5%[28]. - Cash outflow from operating activities was CNY 1,283,424,278.70, compared to CNY 1,030,724,321.60 in the previous year, resulting in a net cash flow from operating activities of CNY -263,076,280.86[28]. - Cash flow from investing activities showed a net outflow of CNY -1,007,489,447.50, compared to CNY -394,495,380.32 in the previous year, indicating increased investment activity[30]. - Cash flow from financing activities generated a net inflow of CNY 1,569,615,925.11, up from CNY 940,072,826.47 in the previous year, reflecting a growth of 67%[30]. - The ending balance of cash and cash equivalents was CNY 557,225,422.58, compared to CNY 220,286,032.10 at the end of the previous year, representing an increase of 153%[30]. - The company received CNY 1,302,310,047.91 from investment activities, which is a significant increase from CNY 661,339,536.00 in the previous year[30]. - The company reported a tax refund of CNY 26,293,780.28, compared to CNY 9,524,798.20 in the previous year, indicating improved cash flow management[28]. - The company’s total cash inflow from financing activities was CNY 2,509,973,962.22, compared to CNY 1,653,970,229.53 in the previous year, showing a growth of 51.7%[30]. Shareholder Information - The equity attributable to shareholders at the end of the reporting period was ¥3,142,119,817.93, up 79.77% from the end of the previous year[6]. - The top shareholder, Zhangjiagang Guanda Investment Holdings Co., Ltd., holds 20.91% of the shares, totaling 44,800,000 shares[14]. - Xu Weiming, a significant shareholder, owns 12,050,000 shares, representing 5.6% of the total shares[14]. - The company has a total of 8,009 common stock shareholders at the end of the reporting period[13]. - The total number of shares held by the top 10 shareholders accounts for a significant portion of the company's equity, indicating concentrated ownership[14]. - The company has not reported any restrictions on the shares held by the top shareholders, suggesting liquidity in the market[14]. Research and Development - Research and development expenses for Q3 2021 totaled ¥12,590,497.20, a decrease of 42.57% compared to the same period last year[6]. - Research and development expenses for the first three quarters were ¥67,869,885.77, up from ¥47,544,231.67 in the same period of 2020, indicating a growth of approximately 42.7%[23]. Future Outlook - The company expects to increase its production capacity and sales scale, contributing to revenue growth in the future[11]. - The company plans to invest ¥220,000,000.00 in a precision component project aimed at high-end equipment manufacturing, which is expected to enhance market share and competitiveness[15]. - The company is focusing on expanding its market presence in the wind power and rail transportation sectors through the new precision component project[15].
广大特材(688186) - 2021 Q2 - 季度财报
2021-08-13 16:00
Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[1]. - The company's operating revenue for the first half of 2021 reached ¥1,506,198,676.45, an increase of 86.81% compared to ¥806,288,820.70 in the same period last year[19]. - Net profit attributable to shareholders was ¥149,841,359.64, reflecting a growth of 68.04% from ¥89,170,608.17 year-on-year[19]. - The company's cash flow from operating activities turned positive at ¥14,386,119.94, a significant improvement from a negative cash flow of ¥338,996,224.35 in the same period last year[19]. - The gross profit margin improved to 30%, up from 28% in the same period last year[1]. - The gross margin improved to 45%, up from 42% in the previous quarter, reflecting better cost management[130]. - The company reported a net profit margin of 15%, up from 12% in the previous year, reflecting improved operational efficiency[132]. Research and Development - The company has allocated RMB 200 million for R&D in new materials and technologies in 2021, focusing on high-performance alloys[1]. - Research and development expenses accounted for 3.67% of operating revenue, up 0.49 percentage points from 3.18% year-on-year[20]. - The company achieved a significant increase in R&D investment, totaling ¥55,279,388.57, which represents a 115.75% increase compared to the previous period[69]. - The company launched 11 new R&D projects during the reporting period, with R&D expenses increasing by 115.75% compared to the previous year[84]. - The company has developed 27 core technologies and holds 25 invention patents, enhancing its competitive edge in the new materials industry[82]. Market Expansion - User data indicates a 20% increase in active users, reaching 500,000 by the end of June 2021[1]. - The company plans to launch two new products in Q3 2021, targeting a market expansion of 10% in the new segments[1]. - Market expansion efforts include entering two new international markets by the end of 2021, aiming for a 5% market share in each[1]. - The company is focused on expanding its market presence in the renewable energy sector, particularly in wind and nuclear power[31]. - The company is actively expanding its product matrix in offshore wind power components to meet the growing market demand[1]. Strategic Initiatives - The company plans to implement a new marketing strategy that is expected to increase brand awareness by 15% in the next year[129]. - A commitment to sustainability initiatives was made, with a goal to reduce carbon emissions by 25% by 2025[130]. - The company announced a strategic acquisition of a tech startup for $50 million to bolster its product offerings[129]. - The company completed a strategic acquisition of a competitor for $200 million, expected to enhance product offerings and customer base[132]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which may impact future performance[1]. - The company is facing risks related to talent retention and technology leakage, which could impact its competitive position[91]. - The company is also exposed to risks from fluctuating raw material prices, which could affect profitability[92]. - Future growth may be influenced by changes in government policies supporting the new materials industry, particularly in the wind power sector[94]. Environmental and Compliance - The company has implemented a "rainwater and sewage diversion" system for wastewater management, ensuring that production wastewater is recycled and not discharged externally[118]. - The company utilizes natural gas as a clean energy source for boilers, with emissions treated through high-efficiency dust removal systems[118]. - The company is not classified as a high-pollution or high-environmental-risk entity according to the Ministry of Environmental Protection[118]. - The company has committed to not transferring or entrusting shares held prior to its IPO for a period of 36 months[122]. Shareholder Information - The company has established a cash dividend policy to ensure profit distribution to shareholders, aiming to enhance shareholder returns[141]. - The controlling shareholders pledged not to interfere with the company's management and to promote the effective implementation of compensation measures[143]. - The company will ensure compliance with legal regulations and the rules of the Shanghai Stock Exchange regarding share reduction[125]. - The company reported a total of 44,800,000 shares held by Zhangjiagang Guoda Investment Holding Co., Ltd., with a lock-up period ending on February 13, 2023[175].
广大特材(688186) - 2021 Q1 - 季度财报
2021-04-15 16:00
Financial Performance - Operating revenue reached CNY 607,928,692.84, representing a growth of 118.02% year-on-year[5] - Net profit attributable to shareholders was CNY 65,076,834.31, up 141.23% from the previous year[5] - Basic earnings per share increased by 95.00% to CNY 0.39[5] - The company reported a net profit tax expense of ¥12,595,118.66, which is 162.40% higher than ¥4,799,905.60 in the same period last year[17] - Net profit for Q1 2021 was ¥65,360,804.95, representing a 142.5% increase from ¥26,977,086.43 in Q1 2020[28] - The total comprehensive income for Q1 2021 was ¥65,360,804.95, compared to ¥26,977,086.43 in Q1 2020, marking an increase of 142.5%[29] Asset and Liability Changes - Total assets increased by 23.92% to CNY 5,139,323,249.44 compared to the end of the previous year[5] - The company's intangible assets rose by 56.32%, reaching RMB 270,885,206.88, compared to RMB 173,286,858.05 previously[15] - Current liabilities increased to ¥2,017,424,142.47 from ¥1,607,732,932.15, reflecting a rise in short-term borrowings and accounts payable[21] - Total liabilities as of March 31, 2021, were ¥2,363,897,609.26, an increase of 12.9% from ¥2,092,891,243.86 at the end of 2020[25] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 105,996,432.63, an improvement from -CNY 122,279,051.25 in the previous year[5] - The company reported a significant increase in cash and cash equivalents, reaching RMB 830,890,717.88, up 84.93% from RMB 449,305,889.19 at the end of 2020[14] - The cash inflow from operating activities was ¥219,421,029.85, compared to ¥289,679,283.54 in Q1 2020, showing a decrease of 24.2%[34] - The ending cash and cash equivalents balance was 107,222,375.37 RMB, down from 347,985,428.89 RMB, indicating a 69.1% decline[38] Research and Development - The company’s R&D investment accounted for 3.19% of operating revenue, a decrease of 0.22 percentage points[6] - Research and development expenses surged to ¥19,411,841.34, up 104.28% from ¥9,502,603.67, indicating a strong commitment to innovation[17] - The company reported a significant increase in research and development expenses, totaling ¥19,411,841.34, up 104.8% from ¥9,502,603.67 in Q1 2020[28] Sales and Revenue Composition - Sales revenue from high-end equipment components was CNY 370,955,224.46, making up 61.75% of total operating revenue[6] - The sales revenue from new energy wind power components reached CNY 354,182,382.61, accounting for 58.96% of operating revenue[6] Shareholder Information - The company has no preferred shareholders as of the reporting date[14] - The top ten unrestricted shareholders hold a total of 36,000,000 shares, with Xu Hui being the largest shareholder at 8,500,000 shares[13] Government Subsidies - The company received government subsidies totaling ¥11,008,432.56, a significant increase of 406.42% compared to ¥2,173,777.16 in the previous year, enhancing overall profitability[17]
广大特材(688186) - 2020 Q4 - 年度财报
2021-03-19 16:00
Financial Performance - The company's operating revenue for 2020 was CNY 1,810,337,765.34, representing a 13.98% increase compared to CNY 1,588,297,774.86 in 2019[20]. - The net profit attributable to shareholders for 2020 was CNY 173,159,052.65, which is a 22.37% increase from CNY 141,506,039.01 in 2019[20]. - The company's total assets increased by 68.74% to CNY 4,147,341,774.36 at the end of 2020, up from CNY 2,457,807,330.42 at the end of 2019[20]. - The net assets attributable to shareholders rose by 71.85% to CNY 1,747,895,528.71 in 2020, compared to CNY 1,017,133,480.71 in 2019[20]. - The basic earnings per share for 2020 was CNY 1.10, a decrease of 4.35% from CNY 1.15 in 2019[21]. - The company's cash flow from operating activities showed a negative net amount of CNY -162,805,345.57 in 2020, compared to CNY -23,846,154.56 in 2019[20]. - The net profit after deducting non-recurring gains and losses was CNY 163,426,387.64 in 2020, compared to CNY 113,806,105.25 in 2019[20]. - The comprehensive gross profit margin for 2020 was 23.60%, an increase of 1.88% year-on-year, attributed to a shift in product sales structure towards higher-margin products[105]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 82,400,000.00 (including tax) based on a total share capital of 164,800,000 shares as of December 31, 2020, resulting in a cash dividend payout ratio of 47.59%[5]. - The company does not plan to increase capital reserves or issue bonus shares in the current fiscal year[5]. - The company has established a profit distribution policy prioritizing cash dividends when conditions allow, with a minimum cash distribution of 20% of the distributable profit[144]. - The company will not conduct capital reserve transfers or stock dividends in the 2020 profit distribution plan[145]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 4.13% in 2020, up from 3.39% in 2019[21]. - The total R&D investment for the year was approximately ¥74.74 million, an increase of 38.95% compared to the previous year, with R&D expenses accounting for 4.13% of operating revenue[74]. - The company has accumulated 54 patents, including 23 invention patents, emphasizing its commitment to independent innovation and intellectual property protection[64]. - The company is actively pursuing the development of special alloys and high-temperature resistant materials for industries such as aerospace and nuclear power[38]. - The company is in the trial production stage for several key projects, including ultra-pure gear steel and high-performance long-life materials for oil and shale gas exploration[78]. Market Position and Strategy - The company is focused on strategic emerging industries and high-end equipment manufacturing, which are expected to drive future growth[20]. - The company is positioned in a competitive landscape dominated by three major special steel groups, focusing on high-tech, high-difficulty wind power materials, which provides a competitive advantage in niche markets[58]. - The company aims to become a leading manufacturer of advanced basic materials and components for new energy wind power by 2025[90]. - The company is enhancing its production capacity for special alloys and expand its business scale to improve profitability[138]. Corporate Governance - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[3]. - The company has established a sound corporate governance structure to provide institutional support for its development, ensuring independent operation of the general meeting, board of directors, supervisory board, and management[160]. - The controlling shareholders committed to not interfering in the company's management and to ensure the fulfillment of compensation measures for shareholders[161]. - The company has established a commitment to maintain the integrity of its financial disclosures and will address any identified discrepancies[158]. Environmental Responsibility - The company implemented a "rainwater and sewage diversion" system for wastewater management, ensuring that production wastewater is recycled and not discharged externally[198]. - The company has established measures for air pollution control, including dust removal devices and purification towers, to manage emissions from production processes[198]. - The company’s environmental measures ensure that pollutants are treated to meet discharge standards before being released[198]. - The company’s production does not fall under the "high pollution, high environmental risk" category as per the environmental protection department's classification[198]. Operational Challenges - The net cash flow from operating activities was negative and worsened compared to the previous year, with overseas sales down by 71.65% to CNY 77.41 million[24]. - The company reported a significant increase in cash and cash equivalents, reaching CNY 44,930.59 million, up 157.89% from CNY 17,422.23 million in the previous period[86]. - The company's accounts receivable rose to CNY 39,056.53 million, representing a 57.44% increase from CNY 24,807.93 million, attributed to growth in operating income[86]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% and aiming to reach 1.8 billion[153]. - New product launches are expected to contribute an additional 300 million in revenue, with a focus on expanding the product line in the technology sector[154]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the software industry[153].