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丛麟科技(688370) - 2022 Q4 - 年度财报
2023-04-27 16:00
Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 1.2 billion for the fiscal year 2022, representing a growth of 15% year-over-year[15]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2022, representing a 20% growth compared to the previous year[186]. - The company provided guidance for 2023, projecting a revenue increase of 20% to RMB 1.44 billion, driven by new product launches and market expansion efforts[15]. - The company provided guidance for 2023, projecting a revenue growth of 25% and aiming to reach 1.875 billion[186]. - The company's operating revenue for 2022 was CNY 733,150,033.41, representing a year-on-year increase of 9.97% compared to CNY 666,683,567.79 in 2021[23]. - The company achieved operating revenue of 733.15 million yuan, a year-on-year increase of 9.97%[130]. - The net profit attributable to shareholders decreased by 7.56% to RMB 174.97 million, while the net profit excluding non-recurring gains and losses fell by 14.64% to RMB 148.95 million[38]. - The net profit attributable to shareholders of the listed company decreased by 7.56% to CNY 174,974,796.01 in 2022 from CNY 189,277,582.53 in 2021[23]. - The company reported a net profit margin of 18% for 2022, an increase from 15% in 2021, reflecting improved operational efficiency[15]. - The cash flow from operating activities netted CNY 221,905,155.62 in 2022, a decrease of 15.08% from CNY 261,307,956.79 in 2021[23]. Shareholder and Governance - The company plans to distribute a cash dividend of RMB 28 per 10 shares, totaling RMB 29.792 million based on a total share capital of 10.64 million shares as of December 31, 2022[6]. - The board of directors has confirmed that all members attended the board meeting, ensuring governance compliance[5]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The company has not faced any issues with a majority of directors being unable to ensure the accuracy and completeness of the annual report[8]. - The company has not disclosed any special arrangements for corporate governance[8]. - The company has a strong governance structure, having held 6 board meetings and 5 supervisory meetings during the reporting period[178]. - The company has a structured remuneration policy for directors and senior management, which is reviewed and approved by the board[190]. - The total pre-tax remuneration for directors and senior management during the reporting period amounted to CNY 14.07 million[182]. - The company has independent directors serving in various capacities, including positions at Fudan University and New Oriental New Materials Co., Ltd.[188]. Risk Management - The company has outlined potential risks in its operations and has provided measures to address these risks, urging investors to be cautious[4]. - The company faces risks related to the potential leakage or loss of core technologies, which could adversely affect its development[117]. - Future revenue growth is at risk due to external demand fluctuations, competitive landscape changes, and operational capacity limitations[120]. - The hazardous waste treatment industry is experiencing intensified competition, leading to potential price declines and impacts on revenue and profit[126]. - The company has signed non-compete agreements with key technical personnel to protect its intellectual property and core technologies[117]. Research and Development - Investment in R&D for new technologies reached RMB 150 million, accounting for 12.5% of total revenue, aimed at enhancing waste management solutions[15]. - The company has developed core technologies for hazardous waste treatment, including organic solvent resource utilization and hazardous waste incineration technologies, which are now in daily operation[82]. - The company reported a total R&D investment of ¥37,925,892.19 in the current year, representing a 5.99% increase from ¥35,781,117.39 in the previous year[96]. - The company has 14 major ongoing R&D projects, with some entering the later stages of development[90]. - A total of 19 new intellectual property projects were applied for during the reporting period, with 25 granted, bringing the cumulative total to 130[94]. - The company is focused on converting R&D outcomes into economic benefits and enhancing its core technologies with independent intellectual property rights[171]. Market Expansion and Strategy - The company plans to expand its market presence by entering three new provinces in China by the end of 2023, targeting a 10% increase in market share[15]. - The company is expanding its operations in Shandong and Shanxi, replicating successful models from Shanghai to enhance local hazardous waste treatment capabilities[72]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[186]. - The company aims to enhance its market share and become a leading enterprise in hazardous waste treatment by extending its industrial chain and diversifying its offerings[164]. - The company plans to enhance resource utilization in hazardous waste management, focusing on advanced technology and comprehensive processing capabilities to become an industry leader[165]. Sustainability Initiatives - The company is focusing on sustainability initiatives, with a target to reduce waste processing costs by 15% through improved operational efficiencies[15]. - The management team emphasized the importance of sustainability initiatives, committing to a 20% reduction in carbon emissions by 2025[186]. - The company is dedicated to supporting national strategies for a circular economy and "waste-free cities" through continuous research and development[170]. Industry Overview - The hazardous waste treatment industry is highly regulated, and any significant policy changes could affect market dynamics and operational costs[125]. - The hazardous waste treatment industry in China has experienced rapid growth due to increased regulatory enforcement and a surge in demand for compliant waste disposal services[65]. - The industry has transitioned through various stages, including a preparatory phase (1995-2004), exploratory development phase (2005-2012), initial development phase (2013-2015), rapid development phase (2016-2020), and is currently in an integration development phase (2020-present)[62]. - The government aims to establish a comprehensive hazardous waste regulatory system by the end of 2025, focusing on prevention, management, and accountability[63].
丛麟科技(688370) - 2023 Q1 - 季度财报
2023-04-27 16:00
Financial Performance - The company's operating revenue for Q1 2023 was ¥164,590,546.78, representing a decrease of 6.44% compared to the same period last year[5] - The net profit attributable to shareholders of the listed company was ¥36,170,242.34, down 21.41% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,085,459.73, a decline of 23.23% compared to the previous year[5] - Basic and diluted earnings per share were both ¥0.34, a decrease of 41.06% due to an increase in share capital and a decline in net profit[6][9] - Total operating revenue for Q1 2023 was ¥164,590,546.78, a decrease of 6.5% compared to ¥175,917,259.41 in Q1 2022[18] - Net profit for Q1 2023 was ¥30,952,883.24, down 32.9% from ¥46,106,901.31 in Q1 2022[19] - Earnings per share (EPS) for Q1 2023 was ¥0.34, compared to ¥0.58 in Q1 2022, reflecting a decline of 41.4%[20] Cash Flow - The net cash flow from operating activities was ¥33,209,317.61, an increase of 90.57% year-on-year[6] - Cash inflow from operating activities totaled ¥180,262,139.30 in Q1 2023, slightly down from ¥185,327,766.29 in Q1 2022[20] - The net cash flow from operating activities was $33,209,317.61, an increase of 90.4% compared to $17,426,077.56 in the previous year[21] - The total cash outflow from investing activities was $936,345,614.01, significantly higher than $573,047,685.06 in the same period last year, resulting in a net cash flow from investing activities of -$894,482,008.82[21] - The net cash flow from financing activities was -$36,064,982.91, compared to a positive cash flow of $10,148,871.11 in the previous year[21] - The cash and cash equivalents net increase for the quarter was -$897,337,674.12, compared to -$98,472,869.11 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,722,045,414.39, a decrease of 0.74% from the end of the previous year[6] - As of March 31, 2023, the total current assets amounted to RMB 2,234,821,361.65, a slight decrease from RMB 2,243,538,850.22 at the end of 2022[13] - The company's cash and cash equivalents decreased to RMB 1,019,641,108.00 from RMB 1,916,978,782.12, indicating a significant reduction in liquidity[13] - The total liabilities decreased to RMB 1,800,821,361.65 from RMB 1,820,538,850.22, showing a reduction in financial obligations[15] - The accounts payable decreased to RMB 137,801,577.29 from RMB 173,753,255.05, indicating improved cash flow management[15] - The company's total liabilities decreased to ¥789,146,966.65 in Q1 2023 from ¥852,298,396.27 in Q1 2022, a reduction of 7.4%[16] - Non-current liabilities also decreased to ¥297,293,838.24 in Q1 2023 from ¥315,686,371.23 in Q1 2022, a decline of 5.8%[16] Investments and Expenses - Research and development expenses totaled ¥9,568,907.39, accounting for 5.81% of operating revenue, a decrease of 0.22 percentage points year-on-year[6] - The company reported a financial income of ¥1,432,723.46 in Q1 2023, compared to a financial expense of ¥3,497,774.09 in Q1 2022, indicating a significant improvement[18] - The company paid $56,326,164.44 in employee compensation, up from $53,936,707.69 in the previous year[21] - The company reported a total tax payment of $12,702,025.52, down from $18,495,813.33 in the previous year[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,803[10] - The total equity attributable to shareholders increased to ¥2,896,404,676.28 in Q1 2023 from ¥2,856,599,125.15 in Q1 2022, an increase of 1.4%[16] Government Support - The company received government subsidies amounting to ¥1,216,769.51 during the reporting period[7] Accounting Changes - The company executed new accounting standards starting in 2023, which may affect financial reporting[22]
丛麟科技(688370) - 2022 Q3 - 季度财报
2022-10-27 16:00
Financial Performance - The company's operating revenue for Q3 2022 was CNY 202,447,543.93, representing a year-on-year increase of 15.34%[5] - Net profit attributable to shareholders was CNY 52,551,909.29, up 17.56% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2022 reached ¥531,246,823.53, an increase of 10.2% compared to ¥481,883,135.64 in the same period of 2021[20] - Net profit for the third quarter of 2022 was ¥128,760,794.15, slightly down from ¥130,721,573.81 in the same quarter of 2021[21] - Earnings per share for the third quarter of 2022 were ¥1.59, compared to ¥1.70 in the same quarter of 2021[22] Assets and Liabilities - The total assets at the end of the reporting period reached CNY 3,732,065,623.10, an increase of 71.78% from the end of the previous year[6] - Total liabilities as of the end of the third quarter of 2022 amounted to ¥875,714,863.65, a decrease from ¥892,668,391.68 at the end of the previous year[19] - The total current assets increased to RMB 2,306,737,166.21, compared to RMB 746,903,314.72 at the end of 2021, reflecting a growth of about 208.5%[17] - The company's fixed assets were valued at RMB 1,034,071,482.60, an increase from RMB 745,173,314.84 in the previous year, representing a growth of approximately 38.8%[17] - The company's total assets of the company as of the end of the third quarter of 2022 were ¥3,732,065,623.10, compared to ¥2,172,602,632.68 at the end of the previous year[19] Equity and Shareholder Information - The equity attributable to shareholders increased by 128.32% to CNY 2,809,551,150.60 compared to the end of the previous year[6] - Total equity attributable to shareholders reached ¥2,809,551,150.60, significantly up from ¥1,230,517,516.71 in the previous year[19] - The company reported a total of 1,004,016 shares held by strategic investor CITIC Securities as of the report date[14] Research and Development - Research and development expenses totaled CNY 11,643,659.73, accounting for 5.75% of operating revenue, a decrease of 19.09%[6] - Research and development expenses for the first three quarters of 2022 were ¥33,226,489.76, compared to ¥30,789,028.97 in the same period of 2021, reflecting a growth of 7.9%[20] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 126,359,668.53, reflecting a decline of 28.12%[6] - The net cash flow from operating activities for the first three quarters of 2022 was ¥126,359,668.53, a decrease of 28% compared to ¥175,786,623.58 in the same period of 2021[26] - The net cash flow from financing activities was ¥1,458,935,146.17 in 2022, a significant increase from ¥52,401,132.05 in 2021[27] Investment Activities - The company reported an investment income of ¥856,083.28 for the first three quarters of 2022, down from ¥3,246,798.63 in the previous year[21] - Total cash inflow from investment activities in the first three quarters of 2022 was ¥1,304,087,900.99, up 57% from ¥828,560,811.97 in 2021[26] - The net cash flow from investment activities was -¥1,118,103,703.76 in 2022, compared to -¥365,112,621.85 in 2021, indicating a significant increase in cash outflow[27] Future Plans - The company plans to continue expanding its market presence and investing in new technologies[10] - The company has seen significant growth in total assets and equity due to the proceeds from its initial public offering[10]