J.S. Machine(000821)

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 京山轻机(000821) - 2017 Q1 - 季度财报
 2017-04-25 16:00
 Financial Performance - The company's operating revenue for Q1 2017 was ¥259,551,663.81, representing an increase of 11.92% compared to ¥231,908,969.14 in the same period last year[8]. - Net profit attributable to shareholders reached ¥12,421,254.75, a significant increase of 1,238.98% from ¥927,667.16 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥10,432,602.78, down 38.90% from ¥17,075,202.10 year-on-year[8]. - The basic earnings per share increased to ¥0.026, up 1,200.00% from ¥0.002 in the same period last year[8]. - Total profit increased compared to the same period last year, mainly due to increased operating income and realized investment income[17].   Assets and Liabilities - The total assets at the end of the reporting period were ¥3,027,668,149.66, an increase of 2.52% from ¥2,953,243,787.68 at the end of the previous year[8]. - The net assets attributable to shareholders were ¥1,750,378,987.58, a slight increase of 0.72% from ¥1,737,784,744.01 at the end of the previous year[8]. - Accounts receivable decreased by 33.11% compared to the beginning of the year, mainly due to the maturity of accepted bills and payment transfers for goods[16]. - Other receivables increased by 145.54% compared to the beginning of the year, primarily due to the revolving funds borrowed by overseas offices[16]. - Prepayments increased by 70.16% compared to the beginning of the year, mainly due to prepayments made for Wuhan Jingfeng Investment[16]. - Other current assets increased by 223.41% compared to the beginning of the year, mainly due to an increase in short-term investment[16].   Cash Flow - The net cash flow from operating activities was ¥1,964,484.11, a recovery from a negative cash flow of ¥25,584,611.04 in the same period last year[8]. - Net cash flow from operating activities increased, primarily because cash received from sales of goods and services exceeded the same period last year[17].   Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,233[12]. - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., Ltd., held 26.35% of the shares, amounting to 125,891,860 shares[12].   Corporate Actions - The company plans to raise up to RMB 800 million through a non-public offering of up to 54,682,159 shares for automation and smart manufacturing projects[18]. - The company is actively promoting a major asset restructuring plan to acquire 100% equity of Beijing Huamao Weiye Precision Electronics Co., Ltd. and Suzhou Shengcheng Photovoltaic Equipment Co., Ltd.[20]. - The company has terminated the non-public offering of shares due to changes in financing environment and regulatory requirements, which will not adversely affect its operations[19].   Compliance and Governance - The company reported no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[28].
 京山轻机(000821) - 2016 Q3 - 季度财报
 2016-10-30 16:00
 Financial Performance - Operating revenue for the period reached CNY 318,496,670.63, a 38.91% increase year-on-year[8] - Net profit attributable to shareholders increased by 269.18% to CNY 16,894,704.25 for the period[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses surged by 899.09% to CNY 15,600,324.67[8] - Basic earnings per share rose by 269.18% to CNY 0.04 per share[8] - The weighted average return on equity was 0.94%, a decrease of 1.87% compared to the previous year[8] - The net cash flow from operating activities for the year-to-date was CNY 51,872,227.74, down 30.82%[8] - The company reported a significant increase in its securities investment, holding 208,740 shares of *ST Xindu at a market value of 2,166,721.20 CNY, resulting in a profit of 505,817.40 CNY during the reporting period[25] - There is no significant change in net profit expected for the year, indicating stable financial performance[24]   Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,332[12] - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., Ltd., held 26.35% of the shares[12] - The company has adhered to its commitments regarding shareholding and has not reduced its holdings in the company stock since July 2015[23] - The first phase of the employee stock ownership plan is set to have a lock-up period of 12 months starting from January 29, 2016[23]   Government and Regulatory Compliance - The company received government subsidies amounting to CNY 3,541,136.59 during the reporting period[9] - The company plans to conduct a non-public issuance of A-shares, which has been approved by the board and shareholders, pending regulatory approval from the China Securities Regulatory Commission[18][20] - The company has committed to not reducing its shareholding in the listed company for 12 months following the completion of the restructuring, which is set to end on June 28, 2018[21] - The company has pledged to strictly adhere to regulations regarding related party transactions and ensure that any necessary transactions are conducted at fair market value[21] - The commitments made by the company are intended to enhance transparency and compliance with regulatory requirements[21]   Operational Changes and Investments - The company's operating revenue for the reporting period reached ¥885,772,182.16, representing a 30.85% increase compared to ¥676,937,482.54 in the previous period, driven by growth in international packaging machinery business and sales from Huizhou Sanxie[17] - Other receivables increased by 96.31% to ¥24,155,659.25, primarily due to funds borrowed by overseas offices for turnover[17] - The company’s long-term borrowings increased by 473.33% to ¥172,000,000.00, reflecting a reclassification of long-term liabilities due within one year[17] - The company completed the first phase of its employee stock ownership plan, purchasing 16,241,918 shares at an average price of 14.11 CNY per share, totaling 229,153,972.68 CNY, which represents 3.40% of the company's total equity[23]   Financial Liabilities and Assets - The company’s investment income significantly decreased by 97.45% to ¥1,844,542.17 compared to ¥72,457,014.29 in the previous period[17] - The company reported a 120.21% increase in notes payable, amounting to ¥68,419,725.41, due to outstanding acceptance bills for goods not yet settled[17] - The intangible assets increased by 47.46% to ¥109,878,265.85, mainly from acquiring multi-functional rotorcraft technology and rehabilitation robot technology[17] - The company experienced a 52.08% reduction in fair value changes, with losses from securities investments amounting to -¥19,707,196.98[17]   Commitments and Governance - The company has committed to compensating any losses within 30 working days in cash if it violates the commitments[21] - The company has undertaken to ensure that related party transactions are disclosed in a timely manner to protect the interests of Jing Shan Light Machine and its shareholders[21] - The company has ongoing commitments to maintain independence from other transaction parties to avoid conflicts of interest[22] - The company has established measures to ensure the accuracy and completeness of information disclosed to shareholders[22] - The company has committed to not transferring benefits unfairly to other entities, ensuring compliance with internal governance[22]   Investor Relations - The company conducted multiple investor meetings, including a site visit on July 15, 2016, with 28 institutional investors to discuss operational conditions[27] - The company has not reported any violations regarding external guarantees during the reporting period[28] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[29]
 京山轻机(000821) - 2016 Q2 - 季度财报(更新)
 2016-09-23 16:00
 Financial Performance - The company's operating revenue for the first half of 2016 was CNY 567,275,511.53, representing a 26.72% increase compared to CNY 447,646,589.56 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 2.04% to CNY 27,834,048.57 from CNY 28,413,158.48 year-on-year[21]. - The net profit after deducting non-recurring gains and losses surged by 625.81% to CNY 41,420,392.20, compared to a loss of CNY 7,877,480.61 in the previous year[21]. - The net cash flow from operating activities increased by 128.96% to CNY 27,291,934.45, up from CNY 11,919,877.57 in the same period last year[21]. - The company achieved a sales revenue of CNY 567.28 million in the first half of 2016, representing a year-on-year increase of 26.72%[31]. - The net profit for the period was CNY 27.83 million, a slight decrease of 2.04% compared to the same period last year[31]. - The net profit after deducting non-recurring gains and losses was CNY 41.42 million, an increase of CNY 49.30 million year-on-year[31].   Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,883,740,083.98, a 3.79% increase from CNY 2,778,385,810.40 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company increased by 1.40% to CNY 1,680,032,305.78 from CNY 1,656,852,829.89 at the end of the previous year[21]. - Total liabilities increased to CNY 1,078,549,004.95 from CNY 1,002,034,693.46, indicating a rise in financial obligations[124]. - The company's total equity as of June 30, 2016, was CNY 1,805,191,079.03, compared to CNY 1,776,351,116.94 at the beginning of the period[125].   Earnings Per Share - Basic earnings per share decreased by 25.00% to CNY 0.06 from CNY 0.08 in the same period last year[21]. - Diluted earnings per share also decreased by 25.00% to CNY 0.06 from CNY 0.08 year-on-year[21].   Research and Development - Research and development expenses increased by 16.12% to CNY 15.00 million, reflecting the company's commitment to innovation[32].   International Business - The international business revenue grew by 84.23%, contributing to the overall sales growth despite a slight decline in domestic market sales[35]. - International sales of packaging machinery increased by 84.23%, amounting to ¥118.81 million[38].   Investments and Acquisitions - The company increased its stake in Shenzhen Huida Cheng Intelligent Technology Co., Ltd. to 28% through additional investments totaling CNY 26 million[30]. - The company invested ¥11 million in external equity, a decrease of 63.51% compared to the previous year[42]. - The company has established stable relationships with numerous high-quality clients, bolstering its market position and profitability[41].   Cash Flow - The company reported a significant increase in cash flow from operating activities, with a net cash flow of CNY 27.29 million, up 128.96% from the previous year[32]. - Cash inflow from investment activities totaled ¥595,030,944.18, an increase of 42.4% compared to ¥418,079,942.12 in the previous period[143]. - Cash outflow for investment activities was ¥680,162,563.54, up 37.2% from ¥495,574,449.42 year-on-year[143].   Shareholder Information - The total number of shares is 477,732,636, with 27.74% being restricted shares and 72.26% being unrestricted shares[104]. - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., Ltd., holds 26.35% of the shares, totaling 125,891,860 shares, with 55.88% of its shares pledged[107]. - The company has a diverse shareholder base, with significant holdings from various investment funds and individual investors[107].   Corporate Governance - The company has maintained compliance with corporate governance standards as per the requirements of the China Securities Regulatory Commission[68]. - The company did not engage in any asset acquisitions or sales during the reporting period[71][72].   Commitments and Compliance - The company has committed to not reducing its shareholding in the listed company for 12 months post-restructuring and to not transferring shares acquired through fundraising for 36 months[93]. - The company is currently fulfilling its commitments related to the acquisition and restructuring processes, with no violations reported as of June 30, 2016[94].   Financial Reporting - The semi-annual financial report has not been audited[97]. - The company adheres to the accounting standards for enterprises, ensuring that its financial statements accurately reflect its financial position and operating results[162].
 京山轻机(000821) - 2016 Q2 - 季度财报
 2016-08-23 16:00
 Financial Performance - The company's operating revenue for the first half of 2016 was CNY 567,275,511.53, representing a 26.72% increase compared to CNY 447,646,589.56 in the same period last year[22]. - The net profit attributable to shareholders of the listed company decreased by 2.04% to CNY 27,834,048.57 from CNY 28,413,158.48 in the previous year[22]. - The net profit after deducting non-recurring gains and losses surged by 625.81% to CNY 41,420,392.20, compared to a loss of CNY 7,877,480.61 in the same period last year[22]. - The net cash flow from operating activities increased by 128.96% to CNY 27,291,934.45, up from CNY 11,919,877.57 in the previous year[22]. - Basic and diluted earnings per share decreased by 25.00% to CNY 0.06 from CNY 0.08 in the same period last year[22]. - The weighted average return on net assets was 1.67%, down from 2.60% in the previous year[22]. - The company achieved a sales revenue of CNY 567.28 million in the first half of 2016, representing a year-on-year growth of 26.72%[31]. - The net profit for the period was CNY 27.83 million, a slight decrease of 2.04% compared to the same period last year[31]. - The net profit after deducting non-recurring gains and losses increased to CNY 41.42 million, up CNY 49.30 million year-on-year[31].   Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,883,740,083.98, a 3.79% increase from CNY 2,778,385,810.40 at the end of the previous year[22]. - The net assets attributable to shareholders of the listed company increased by 1.40% to CNY 1,680,032,305.78 from CNY 1,656,852,829.89 at the end of the previous year[22]. - The company's total current assets reached CNY 1,476,114,585.00, up from CNY 1,345,601,983.38, indicating an increase of about 9.7%[122]. - Total liabilities increased to CNY 1,078,549,004.95 from CNY 1,002,034,693.46, reflecting a growth of approximately 7.6%[123]. - The company's total equity at the end of the reporting period was CNY 1,805,191,079.03, up from CNY 1,776,351,116.94, indicating an increase of about 1.6%[124].   Investments and R&D - Research and development investment rose to CNY 15.00 million, marking a 16.12% increase from the previous year[32]. - The company invested CNY 11 million in external equity investments during the reporting period, a decrease of 63.51% compared to the previous year[41]. - The company reported a significant loss of CNY 19.84 million from fair value changes in securities investments[34]. - The company’s investment in securities amounted to CNY 3.12 million, with a reported gain of CNY 505,917.37 during the reporting period[44].   Cash Flow - The company's cash flow from operating activities reached CNY 27.29 million, a significant increase of 128.96% due to higher sales revenue[32]. - Cash inflow from operating activities totaled CNY 587,939,806.08, compared to CNY 471,133,121.41 in the previous year, marking an increase of about 24.7%[138]. - The ending cash and cash equivalents balance was CNY 266,433,704.94, compared to CNY 99,311,290.89 at the end of the previous year, showing a significant increase[139].   Corporate Governance and Compliance - The company has maintained compliance with corporate governance standards as per regulatory requirements[67]. - There were no major litigation or arbitration matters during the reporting period[68]. - The company has not reported any changes in accounting policies or significant errors that would require restating previous financial data[22]. - The company confirmed that there were no significant lawsuits, arbitrations, or administrative penalties that could adversely affect its operations as of the reporting period[97].   Shareholder Information - As of June 30, 2016, the company had a total share capital of 477,732,636 shares, with 27.74% being limited shares and 72.26% being unrestricted shares[102]. - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., Ltd., holds 26.35% of the shares, totaling 125,891,860 shares[106]. - Wang Wei, a significant shareholder, owns 8.15% of the shares, amounting to 38,915,436 shares, all of which are pledged[106]. - The company’s major shareholders have committed to maintaining their control over the company and have not planned to relinquish this control[94].   Future Outlook - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[146]. - The company aims to improve its profitability through strategic initiatives and cost management measures[146]. - The company has seen a significant increase in user data, which is expected to drive future revenue growth[147].   Accounting Policies - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired[168]. - The company includes all subsidiaries in the consolidated financial statements based on control, ensuring consistent accounting policies and periods across all entities[170]. - Cash and cash equivalents are defined as cash on hand and deposits that are readily available for payment, with investments meeting specific criteria classified as cash equivalents[175].
 京山轻机(000821) - 2016 Q1 - 季度财报
 2016-04-28 16:00
 Financial Performance - The company's operating revenue for Q1 2016 was ¥231,908,969.14, representing a 25.38% increase compared to ¥184,968,873.16 in the same period last year[8]. - The net profit attributable to shareholders of the listed company was ¥927,667.16, a significant decrease of 96.12% from ¥23,917,013.30 year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,075,202.10, showing a remarkable increase of 2,535.78% compared to ¥647,822.89 in the previous year[8]. - The net cash flow from operating activities was -¥25,584,611.04, a decline of 274.60% from ¥14,653,633.69 in the same period last year[8]. - The basic earnings per share decreased by 97.10% to ¥0.002 from ¥0.069 in the same period last year[8]. - The diluted earnings per share also decreased by 97.10% to ¥0.002 from ¥0.069 year-on-year[8]. - The weighted average return on equity was 0.06%, down by 2.13% from 2.19% in the previous year[8].   Assets and Liabilities - The total assets at the end of the reporting period were ¥2,842,380,600.36, reflecting a 2.30% increase from ¥2,778,385,810.40 at the end of the previous year[8]. - The net assets attributable to shareholders of the listed company were ¥1,658,037,910.45, a slight increase of 0.07% from ¥1,656,852,829.89 at the end of the previous year[8]. - Accounts receivable decreased by 55.94% compared to the beginning of the year, mainly due to the collection of matured acceptance bills and payment transfers[16]. - Other receivables increased by 208.78% compared to the beginning of the year, primarily due to the payment of land use rights bidding guarantee and revolving funds for overseas offices[16]. - Prepayments increased by 40.22% compared to the beginning of the year, mainly due to an increase in prepaid material costs[16]. - Other current assets increased by 70.65% compared to the beginning of the year, primarily due to an increase in short-term investment[16]. - Short-term borrowings increased by 42.73% compared to the beginning of the year, mainly to supplement working capital through bank loans[16].   Cash Flow - Net cash flow from operating activities decreased, mainly due to cash payments for goods and services exceeding the same period last year[17]. - Net cash flow from investing activities decreased, primarily due to cash payments for acquiring land use rights exceeding the same period last year[17]. - Net cash flow from financing activities increased, mainly due to an increase in cash received from borrowings and a decrease in cash paid for debt repayment[17].   Corporate Governance and Compliance - The company completed the first phase of the employee stock ownership plan, purchasing 16,241,918 shares at an average price of 14.11 yuan per share, accounting for 3.40% of the total share capital[19]. - As of March 31, 2016, the company has fulfilled all commitments related to avoiding competition and ensuring the integrity of information during the asset restructuring process[22]. - The company has implemented an employee stock ownership plan, purchasing 16,241,918 shares in 2015 to stabilize its stock price[23]. - The company guarantees that it will maintain its controlling position in Jing Shan Light Machinery for at least three accounting years following the completion of the transaction[23]. - The company has committed to ensuring the independence of its assets, personnel, and operations post-acquisition of Huizhou Sanxie[22]. - There are no ongoing or foreseeable major lawsuits or administrative penalties affecting Huizhou Sanxie and its subsidiaries as of March 31, 2016[23]. - The company has taken effective measures to ensure the independence of its business operations following the acquisition[22]. - The commitments made by the company and its partners are still being fulfilled without any breaches as of March 31, 2016[22]. - No derivative investments were reported during the period[26]. - No research, communication, or interview activities were conducted during the reporting period[27]. - There were no instances of non-operating fund occupation by controlling shareholders or related parties during the reporting period[29]. - The company did not engage in any illegal external guarantees during the reporting period[28]. - The chairman of the board is Li Jian[30].
 京山轻机(000821) - 2015 Q4 - 年度财报
 2016-04-22 16:00
 Financial Performance - The company's operating revenue for 2015 was CNY 1,027,125,790.68, representing an increase of 11.27% compared to CNY 923,081,282.02 in 2014[19] - The net profit attributable to shareholders for 2015 was CNY 50,588,314.80, a significant increase of 377.78% from CNY 10,588,221.80 in the previous year[19] - The net cash flow from operating activities reached CNY 154,612,403.11, marking a 612.64% increase from CNY 21,695,680.46 in 2014[19] - Basic earnings per share for 2015 were CNY 0.12, up 300% from CNY 0.03 in 2014[19] - Total assets at the end of 2015 amounted to CNY 2,778,385,810.40, reflecting a 43.27% increase from CNY 1,939,323,018.85 in 2014[19] - The net assets attributable to shareholders increased by 53.44% to CNY 1,656,852,829.89 from CNY 1,079,796,561.18 in 2014[19] - The weighted average return on net assets for 2015 was 3.47%, an increase from 0.98% in 2014[19] - The company reported a net profit excluding non-recurring gains and losses of CNY 5,474,065.85, recovering from a loss of CNY 51,179,528.85 in the previous year[19]   Quarterly Performance - Total revenue for the fourth quarter reached ¥350,188,308.14, showing a significant increase compared to previous quarters[23] - The net profit attributable to shareholders for the fourth quarter was ¥32,161,231.71, recovering from a loss of ¥9,986,075.39 in the third quarter[23] - The net cash flow from operating activities in the fourth quarter was ¥79,631,219.43, indicating strong cash generation capabilities[23]   Business Segments - The packaging machinery segment remains the largest, with the company being the largest manufacturer and exporter in China, despite facing declining demand in the industry[27] - The automotive parts segment experienced a "V" shaped recovery in the second half of 2015, driven by tax incentives and policy support[31] - The automotive parts segment saw a revenue decline of 12.92%, with total revenue of ¥247,989,378.96, down from ¥284,777,687.63 in 2014[55] - The casting industry reported a revenue increase of 11.14%, reaching ¥195,877,608.51, compared to ¥176,247,375.58 in the previous year[55]   Investments and Acquisitions - The company completed the acquisition of Huizhou Sanxie, which contributed to the increase in revenue and profit by being included in the consolidated financial statements[45] - The company invested 10 million yuan to acquire a 10% stake in Shenzhen Huida Cheng Intelligent Technology Co., and 2 million yuan in Shanghai Dingfeng Zilong Investment Management Partnership[34] - The company completed the acquisition of Huizhou Sanxie, which became a wholly-owned subsidiary, enhancing its capabilities in industrial automation[50] - The acquisition of 100% equity in Huizhou Sanxie Precision Co., Ltd. was completed on March 31, 2015, contributing sales revenue of 173 million yuan and net profit of 48.25 million yuan from April to December 2015[66]   Research and Development - The company holds 17 invention patents and 125 utility model patents as of December 31, 2015, reflecting its commitment to technological innovation[38] - The company’s R&D expenditure reached over ¥10 million in 2015, a 40% increase from 2014, leading to the development of new automated production lines[50] - The company’s research and development expenditure for the year was 39,502,943.54 yuan, accounting for 2.38% of net assets and 3.85% of operating revenue[71] - The company’s R&D investment increased by 23.55% to ¥39,502,943.54 in 2015, representing 3.85% of total revenue[73] - The number of R&D personnel increased by 14.56% to 354, although the proportion of R&D personnel to total staff slightly decreased to 13.51%[73]   Employee and Management - The employee turnover rate at Wuhan Wuyou decreased to its lowest historical level, with a 25.9% reduction in average staff numbers, while labor productivity increased by 27.7%[49] - The total number of employees in the company is 2,620, with 1,171 in the parent company and 1,449 in major subsidiaries[188] - The company conducted 191 training courses in 2015, totaling 13,562 hours, with an average of 11.23 hours per employee[191] - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 2.5544 million yuan[185]   Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 0.1 per 10 shares, totaling CNY 4,777,326.36 based on 477,732,636 shares[5] - In 2015, the company distributed a cash dividend of 0.1 yuan per 10 shares, totaling 4,777,326.36 yuan, which represents 9.44% of the net profit attributable to ordinary shareholders[110] - The cash dividend for 2014 was 0, indicating no distribution due to financial constraints, while the 2013 cash dividend was 3,452,387.81 yuan, accounting for 33.90% of the net profit[110] - The company’s total distributable profit for 2015 was 4,777,326.36 yuan, with cash dividends constituting 100% of the profit distribution[111]   Future Plans and Strategies - The company aims to establish a complete intelligent manufacturing equipment industry system by 2020, with sales revenue exceeding 3 trillion yuan[33] - The company plans to enhance its competitiveness and profitability by transitioning towards the robotics industry and implementing factory automation[42] - The company plans to focus on digital printing technology, aiming for breakthroughs that could significantly impact the market[73] - The company is entering new markets, including the automotive parts market and the smart home decoration market, with several projects currently in trial phases[73]   Compliance and Governance - The company has committed to not reducing shareholdings by major shareholders from July 2015 to July 2016, ensuring stability in shareholder interests[112] - The company has a structured governance framework to maintain operational independence and avoid organizational confusion[119] - The company has committed to ensuring the independence of its operations post-transaction, including independent personnel and financial management systems[118] - The company has provided assurances regarding the authenticity and completeness of the information related to the transaction, with no false records or misleading statements[118]   Risks and Challenges - The overall economic environment remains challenging, with global market fluctuations impacting demand for packaging machinery[30] - The company faces risks related to product upgrades, exchange rate fluctuations, and management challenges as it transitions to a robotics-focused business model[102][103]
 京山轻机(000821) - 2015 Q3 - 季度财报
 2015-10-29 16:00
 Financial Performance - Operating revenue decreased by 2.92% to CNY 229,290,892.98 compared to the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 9,986,075.39, a decrease of 211.54% compared to the same period last year[7] - Basic earnings per share were -CNY 0.02, a decrease of 166.67% compared to the same period last year[7] - The weighted average return on equity was -0.93%, a decrease of 1.76% compared to the same period last year[7]   Asset and Equity Changes - Total assets increased by 34.31% to CNY 2,604,682,270.06 compared to the end of the previous year[7] - Net assets attributable to shareholders increased by 50.46% to CNY 1,624,619,023.00 compared to the end of the previous year[7] - Cash and cash equivalents increased by 33.57% to ¥172,187,296.44 due to funds received from a targeted stock issuance[15] - The company’s total assets increased significantly, with other current assets rising by 129.69% to ¥166,021,219.71 due to increased short-term investment[15] - The company’s capital reserve increased by 84.07% to ¥862,431,745.46 as a result of the targeted stock issuance[15]   Cash Flow - Net cash flow from operating activities increased by 498.06% to CNY 74,981,183.68 year-to-date[7] - Net cash flow from operating activities rose by 498.06% to ¥74,981,183.68 driven by increased cash receipts from sales[16]   Shareholder Information - The top ten shareholders held a total of 26.35% of the shares, with the largest shareholder holding 125,891,860 shares[11] - The total number of ordinary shareholders at the end of the reporting period was 67,758[11]   Investments and Acquisitions - Investment income surged by 2623.12% to ¥72,457,014.29 compared to the previous period[16] - The company acquired 100% equity of Huizhou Sanxie, resulting in goodwill of ¥480,123,530.43 recorded on the balance sheet[15]   Liabilities - The company’s accounts payable increased by 54.40% to ¥52,201,361.16 due to bank acceptance bills issued for payment[15] - The company’s tax payable increased by 88.34% to ¥18,500,436.53 due to the consolidation of Huizhou Sanxie and a decrease in recoverable VAT[15]   Government Support - The company received government subsidies amounting to CNY 3,267,500.00 during the reporting period[9]   Other Information - The company did not hold any equity in other listed companies during the reporting period[21] - There were no derivative investments made by the company in the reporting period[22] - The company did not engage in any research, communication, or interview activities during the reporting period[23] - There were no violations regarding external guarantees during the reporting period[24] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[25] - The company reported a total of 1,978,381 in trading assets, with a significant increase in total securities investments amounting to 5,759,156.5[20] - Trading financial assets decreased by 94.09% to ¥5,759,156.59 as a result of recovering most stock investments[15]   Future Plans - The company plans to implement various strategies to stabilize stock prices, including potential stock repurchases and employee stock ownership plans[18]
 京山轻机(000821) - 2014 Q4 - 年度财报(更新)
 2015-09-11 16:00
 Financial Performance - The company's operating revenue for 2014 was ¥923,081,282.02, representing a 27.49% increase compared to ¥724,048,070.07 in 2013[23] - The net profit attributable to shareholders for 2014 was ¥10,588,221.80, a 3.97% increase from ¥10,184,408.22 in the previous year[23] - The net cash flow from operating activities improved significantly to ¥21,695,680.46, a 159.23% increase from a negative cash flow of ¥36,631,448.32 in 2013[23] - Total assets at the end of 2014 were ¥1,939,323,018.85, reflecting a 3.01% increase from ¥1,882,623,951.89 at the end of 2013[23] - The net assets attributable to shareholders increased to ¥1,079,796,561.18, a 0.71% rise from ¥1,072,216,543.40 in 2013[23] - The basic earnings per share remained stable at ¥0.03, unchanged from the previous year[23] - The weighted average return on net assets was 0.98%, slightly up from 0.95% in 2013[23] - The company reported a net profit of 33.95 million yuan for the period, contributing to a net profit margin of approximately 6.0%[94] - The total operating profit for the year was -4,614,672.64 CNY, an improvement from -15,913,073.77 CNY in the previous year, indicating a significant reduction in losses[186] - Net profit for the year was -2,608,696.49 CNY, compared to -8,010,633.46 CNY in the previous year, reflecting a substantial improvement in financial performance[186]   Revenue and Sales Growth - In 2014, the company achieved operating revenue of 923.08 million yuan, a year-on-year increase of 27.49%[31] - The company's net profit for 2014 was 10.59 million yuan, reflecting the impact of increased revenue from the casting business and the full-year consolidation of Wuhan Yaohua Safety Glass Co., Ltd.[29] - The automotive parts segment saw a significant sales volume increase of 208.82%, with 5.11 million pieces sold compared to 1.65 million pieces in the previous year[39] - The automotive parts manufacturing segment saw a revenue increase of 252.60%, reaching 284,777,687.63 yuan, with a gross margin of 30.73%[52] - The company achieved sales of 1.06 million USD in Turkey, marking a significant milestone as the first overseas region to exceed 1 million USD in sales since 2008[35] - The company reported a significant increase in sales revenue from 651,181,483.97 CNY to 852,409,197.18 CNY, representing a growth of approximately 30.8% year-on-year[188]   Research and Development - Research and development investment increased by 103.27% to 31.97 million yuan, driven by new production line development and the inclusion of Wuhan Yaohua's R&D expenses for the full year[32] - The company completed the development of 95 new products in 2014, including 69 passenger vehicle products, 16 commercial vehicle products, and 5 engineering machinery products[38] - The company plans to launch new products developed from increased R&D efforts at the Shanghai exhibition, with expected sales starting in 2015[47] - The company launched several new products in 2014, including JETS300 and JETS350, filling domestic market gaps and enhancing its product portfolio[61]   Cash Flow and Investments - The company’s investment activities generated a net cash outflow of 195.32 million yuan, primarily due to increased short-term investments and expansion projects[33] - The company’s financing activities saw a net cash outflow decrease of 99.92%, attributed to increased loan repayments and dividend distributions[34] - The company reported a total cash inflow from operating activities of 909,031,429.10 CNY, up from 696,259,266.23 CNY year-on-year, showing a growth of approximately 30.5%[188] - Cash outflow for operating activities was 887,335,748.64 CNY, compared to 732,890,714.55 CNY in the previous year, indicating an increase in operational expenditures[188] - Investment activities resulted in a net cash outflow of -195,320,693.93 CNY, contrasting with a net inflow of 122,323,761.18 CNY in the previous year, highlighting a shift in investment strategy[190]   Strategic Initiatives - The company is transitioning towards Industry 4.0, focusing on high intelligence and automation, and has initiated a merger and acquisition strategy to acquire 100% equity of Huizhou Sanxie Precision Co., Ltd.[30] - The company plans to enhance its marketing capabilities and product technology to improve competitiveness in response to economic risks[76] - The company aims to implement strategies focused on internationalization, high-end products, and service enhancement in 2015[76] - The company has implemented strategic transformations to enhance its capabilities in intelligent manufacturing and automation[61]   Corporate Governance and Social Responsibility - The company emphasizes social responsibility by donating 500,000 yuan to support impoverished families and building community service centers[88] - The company has maintained a clean regulatory record with no administrative penalties reported[89] - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[93] - The company has engaged in five investor communications, discussing business operations and acquisition progress[89]   Shareholder Information - The company has a total of 345,238,781 shares, with 99.99% being unrestricted shares[108] - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., Ltd., holds 25.79% of the shares, totaling 89,036,824 shares[111] - The company has not issued any new shares or conducted any securities issuance in the last three years[109] - The company reported a total of 25,740 shares held by the current board members at the end of the reporting period, with no changes in shareholding during the current period[122]   Risk Management - The company has identified risks related to global economic fluctuations and currency exchange rates, and plans to mitigate these through strategic financial management[76] - The company has established a risk prevention mechanism in accordance with regulatory requirements[143]   Employee and Management Information - The company has a total of 2,161 employees, with no retired employees requiring company expenses[137] - During the reporting period, the company conducted 196 training courses totaling 16,058 hours, with an average of 12.78 hours per employee[140] - The management team includes individuals with extensive experience in various roles, contributing to the company's operational efficiency[130]   Internal Control and Audit - No significant deficiencies were found in the internal control system during the reporting period[163] - The internal control audit report confirmed the effectiveness of the internal control system as of December 31, 2014[164]
 京山轻机(000821) - 2015 Q2 - 季度财报
 2015-08-28 16:00
 Financial Performance - The company's operating revenue for the first half of 2015 was CNY 447,646,589.56, representing a 2.09% increase compared to CNY 438,463,210.59 in the same period last year[23]. - The net profit attributable to shareholders was CNY 28,413,158.48, a significant turnaround from a loss of CNY 11,137,131.16 in the previous year, marking a 355.12% increase[23]. - The net cash flow from operating activities reached CNY 11,919,877.57, compared to a negative cash flow of CNY -3,613,456.05 in the same period last year, reflecting a 429.87% improvement[23]. - Basic earnings per share improved to CNY 0.08 from a loss of CNY -0.03, representing a 366.67% increase[23]. - The weighted average return on equity was 2.60%, up from -1.04% in the same period last year, indicating a 3.64% improvement[23]. - The company achieved operating revenue of 488 million yuan, a year-on-year increase of 2.09%[31]. - Net profit reached 28.41 million yuan, marking a turnaround from a loss and an increase of 39.55 million yuan compared to the previous year[31]. - The company reported a significant decrease in investment, with a total of ¥30.14 million in external investments, down 68.47% from ¥95.6 million in the same period last year[43].   Assets and Liabilities - Total assets as of June 30, 2015, amounted to CNY 2,610,875,933.44, a 34.63% increase from CNY 1,939,323,018.85 at the end of the previous year[23]. - The net assets attributable to shareholders increased by 51.41% to CNY 1,634,866,877.01 from CNY 1,079,796,561.18 at the end of the previous year[23]. - Total liabilities increased to CNY 862,803,083.36 from CNY 765,324,284.77, which is an increase of about 12.76%[131]. - The company's total assets reached CNY 2,610,875,933.44, up from CNY 1,939,323,018.85, reflecting a growth of approximately 34.69%[132]. - The equity attributable to shareholders increased to CNY 1,634,866,877.01 from CNY 1,079,796,561.18, representing a growth of about 51.36%[132].   Cash Flow - The net cash flow from operating activities was 11.92 million yuan, a significant improvement of 429.87% compared to the previous year[33]. - The cash inflow from operating activities totaled 471,133,121.41 CNY, slightly down from 474,251,296.74 CNY in the previous period[146]. - The cash outflow from investing activities was 547,339,643.55 CNY, compared to 498,408,840.71 CNY in the previous period, indicating increased investment activity[146]. - The net cash flow from financing activities was 72,671,063.17 CNY, up from 7,763,404.33 CNY in the previous period, reflecting improved financing conditions[147].   Acquisitions and Investments - The company completed the acquisition of 100% equity in Huizhou Sanxie, contributing 10.43 million yuan to the consolidated net profit, accounting for 36% of total net profit[35]. - The acquisition of Huizhou Sanxie was completed for a total price of 45,000,000, which is expected to contribute a net profit of 1,043,400 from the acquisition date to the reporting period[71]. - The company completed a major asset restructuring by acquiring 100% equity of Huizhou Sanxie Precision Co., Ltd. through a combination of issuing shares and cash payment, raising CNY 150 million in the process[110].   Market and Product Development - The company’s strategic shift towards Industry 4.0 and automation was reinforced through the acquisition of Huizhou Sanxie, enhancing its operational capabilities[38]. - The company plans to expand its market presence and invest in new product development to drive future growth[156]. - The company is transitioning towards high-end equipment manufacturing and aims to provide "smart factory" solutions through mergers and acquisitions, enhancing its technological capabilities[42].   Governance and Compliance - The company has maintained compliance with corporate governance standards as per the requirements of the China Securities Regulatory Commission[67]. - The company has established a risk prevention mechanism in line with regulatory requirements[67]. - The company guarantees the independence of its financial operations, including establishing an independent financial department and maintaining a separate bank account[99]. - The company has committed to ensuring that its management personnel do not hold positions in other companies controlled by it, thereby maintaining operational independence[99].   Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for this period[7]. - The total number of ordinary shareholders at the end of the reporting period was 52,848[115]. - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., Ltd., held 26.35% of the shares, amounting to 125,891,860 shares[115]. - The company’s total share capital increased from 345,238,781 shares before the issuance to 477,732,636 shares after the issuance[112].   Future Outlook - The company expects 2015 full-year net profit to reach XX million yuan, a year-on-year increase of XX%[95]. - The company plans to invest XX million yuan in technology upgrades and equipment updates over the next three years[97]. - The company aims to enhance its operational efficiency through technological advancements and strategic partnerships[156].
 京山轻机(000821) - 2015 Q1 - 季度财报
 2015-04-29 16:00
 Financial Performance - The company's operating revenue for Q1 2015 was ¥184,968,873.16, a decrease of 12.16% compared to ¥210,580,301.04 in the same period last year[8] - Net profit attributable to shareholders was ¥23,917,013.30, representing a significant increase of 770.23% from a loss of ¥3,568,469.39 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥647,822.89, up 129.46% from a loss of ¥2,198,823.88 in the same period last year[8] - Total profit increased by 1184.62% to ¥27.70 million compared to the same period last year, primarily due to increased short-term investment income[16]   Assets and Liabilities - The company's total assets increased by 3.80% to ¥2,012,963,416.40 from ¥1,939,323,018.85 at the end of the previous year[8] - Cash and cash equivalents increased by 41.03% to ¥181.80 million compared to the beginning of the year, primarily due to a loan of ¥40 million from Wuhan Zhongtai and increased short-term borrowings[14] - Trading financial assets decreased by 31.11% to ¥67.08 million, mainly due to a reduction in held securities investments[15] - Other receivables increased by 56.78% to ¥16.87 million, primarily due to loans provided to overseas offices[15] - Other current assets increased by 66.02% to ¥119.99 million, mainly due to increased short-term financial investments[15]   Cash Flow - The net cash flow from operating activities was ¥14,653,633.69, a decrease of 7.40% compared to ¥15,825,494.77 in the previous year[8] - The net cash flow from financing activities increased by 878.11% to ¥58.98 million, mainly due to increased cash received from borrowings and reduced cash paid for debt repayment[17] - The net cash flow from investment activities improved significantly, with a net inflow of ¥19.99 million compared to a net outflow of ¥150.25 million in the previous year[16]   Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,800[11] - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., Ltd., held 25.79% of the shares, totaling 89,036,824 shares[11]   Government and Investment - The company received government subsidies amounting to ¥1,831,000.00 during the reporting period, which are closely related to its business operations[9] - The fair value changes and investment income from trading financial assets amounted to ¥25,513,949.32, primarily from securities investments and financial products[9]   Management and Expenses - Management expenses increased by 36.16% to ¥31.66 million, mainly due to increased R&D expenditures and repair costs[16] - The company reported a significant decrease of 72.07% in business taxes and additional charges, attributed to a reduction in VAT and related tax credits[16]   Future Outlook and Strategy - Future outlook suggests a projected revenue increase of 10% for the next fiscal year[26] - The company is focusing on the development of new products, with an investment of 5 million in R&D[26] - Market expansion plans include entering two new international markets by the end of the year[26] - The company is considering strategic acquisitions to enhance its market position[26] - A new technology initiative aims to improve production efficiency by 25%[26] - The company has set a performance guidance of achieving a net profit margin of 12% for the upcoming quarter[26] - Overall, the company is committed to enhancing shareholder value through strategic growth initiatives[26]   Conference Call - The chairman, Li Jian, presented the financial results for Hubei Jinshan Light Industry Machinery Co., Ltd. during the conference call[26]   - The company reported a year-over-year revenue growth of 15% in the last quarter[26]   - User data indicated an increase in active users by 20% compared to the previous year[26]
