J.S. Machine(000821)
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京山轻机(000821) - 2017 Q3 - 季度财报(更新)
2017-10-30 16:00
Financial Performance - Net profit attributable to shareholders rose by 104.44% to CNY 34,539,720.14 for the reporting period[8] - Operating revenue for the period reached CNY 381,778,957.09, reflecting a growth of 19.87% year-on-year[8] - Basic earnings per share increased by 75.00% to CNY 0.07[8] - The company's operating revenue for the first three quarters of 2017 was approximately CNY 1.069 billion, representing a 20.74% increase compared to CNY 885.77 million in the same period of 2016[16] - The net profit for the current period was ¥111,549,461.83, compared to ¥52,854,308.36 in the previous period, representing a growth of 111.1%[49] - The total profit for the current period was ¥124,435,619.80, significantly higher than ¥60,842,434.75 from the previous period, marking an increase of 104.5%[48] - The company reported a comprehensive income total of ¥36,303,344.20, up from ¥19,660,691.15 in the prior period, representing an increase of 84.6%[43] - The company's total comprehensive income for the current period was ¥111,868,532.67, compared to ¥53,277,979.59 in the previous period, an increase of 109.0%[49] Assets and Liabilities - Total assets increased by 3.25% to CNY 3,049,177,111.88 compared to the end of the previous year[8] - The total assets as of September 30, 2017, amounted to CNY 3,049,177,111.88, an increase from CNY 2,953,243,787.68 at the beginning of the year[34] - Total liabilities as of September 30, 2017, were CNY 1,163,934,897.08, compared to CNY 1,083,441,752.60 at the beginning of the year[35] - The company's total liabilities increased significantly, with long-term liabilities due within one year rising by 326.67% to CNY 128 million[16] - Total liabilities rose to ¥973,949,151.64 from ¥856,296,218.96, an increase of 13.8%[39] Cash Flow - Net cash flow from operating activities decreased by 36.91% to CNY 32,725,433.62 year-to-date[8] - The company reported a net cash flow from operating activities of CNY 32.73 million, a decrease of 36.91% compared to CNY 51.87 million in the previous year[16] - Cash inflow from operating activities reached ¥1,123,944,097.33, an increase of 19.6% compared to ¥939,184,462.82 in the previous period[54] - Cash outflow from operating activities totaled ¥1,091,218,663.71, up 23.0% from ¥887,312,235.08 in the prior period[55] - The company reported a net decrease in cash and cash equivalents of ¥17,342,751.46, contrasting with an increase of ¥48,202,146.49 in the prior period[56] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 38,640[12] - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., Ltd., holds 26.35% of the shares[12] - The company has not conducted any repurchase transactions among the top ten shareholders during the reporting period[13] Investment and Expenses - The company reported non-recurring gains of CNY 10,985,350.12, primarily from asset disposals and government subsidies[9] - The company’s investment income surged by 959.78% to CNY 19.55 million, attributed to increased profits from joint ventures[16] - The company’s financial expenses rose by 162.66% to CNY 26.86 million, mainly due to increased foreign exchange losses from the appreciation of the RMB[16] - The financial expenses for the current period were ¥26,855,754.68, compared to ¥10,224,694.33 in the previous period, reflecting a rise of 162.5%[48] Other Financial Metrics - The weighted average return on equity improved to 1.90%, up from 0.97% in the previous year[8] - The company's equity attributable to shareholders increased to CNY 1,834,658,284.31 from CNY 1,737,784,744.01, showing growth in shareholder value[36] - The company achieved a total profit margin of approximately 11.6% for the current period, compared to 6.9% in the previous period, indicating improved profitability[48]
京山轻机(000821) - 2017 Q3 - 季度财报
2017-10-30 16:00
Financial Performance - Net profit attributable to shareholders rose by 104.44% to CNY 34,539,720.14 for the reporting period[6] - Operating revenue for the period reached CNY 381,778,957.09, reflecting a 19.87% increase year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 110.57% to CNY 32,850,086.70[6] - Basic earnings per share increased by 75.00% to CNY 0.07 for the reporting period[6] - The weighted average return on equity improved to 1.90%, up from 0.97% in the previous year[6] - The company’s investment income increased significantly by 959.78% to approximately 19.55 million, attributed to profits from joint ventures[14] Assets and Liabilities - Total assets increased by 3.25% to CNY 3,049,177,111.88 compared to the end of the previous year[6] - Accounts receivable increased by 40.97% to approximately 569.67 million, primarily due to increased operating income[14] - The company’s total liabilities increased, with long-term liabilities due within one year rising by 326.67% to approximately 128 million[14] - The company’s deferred income tax liabilities decreased by 58.64% to approximately 2.84 million, primarily due to the reduction in the scope of consolidation from the equity transfer[14] - The company’s other receivables increased by 230.22% to approximately 37.89 million, mainly due to loans for operational turnover from overseas offices[14] Cash Flow - The company reported a net cash flow from operating activities of CNY 32,725,433.62, down 36.91% year-to-date[6] - The company reported a net cash flow from operating activities of approximately 32.73 million, a decrease of 36.91% compared to 51.87 million in the previous year[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 477,732,636[10] - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., Ltd., held 26.35% of the shares, amounting to 125,891,860 shares[10] Non-Recurring Gains and Losses - Non-recurring gains included CNY 8,184,928.12 from the disposal of non-current assets, primarily from the transfer of Wuhan Wuyou equity[7] - The company completed the transfer of 52.38% equity in its subsidiary Wuhan Wuyou for a transaction price of 160 million, with the first payment of 112 million received[19] Financial Challenges - The company recorded a loss of 1,906.0 million from securities transactions during the reporting period[22] - The company reported a potential significant change in cumulative net profit for the year, indicating possible losses compared to the previous year[22] Communication and Governance - The company engaged in a phone communication with institutional investors on June 19, 2017, discussing operational conditions[24] - There were no violations regarding external guarantees during the reporting period[25] - The company did not report any non-operational fund occupation by controlling shareholders or related parties[26] - The company has not initiated any targeted poverty alleviation work in the third quarter and has no subsequent plans[27] Other Financial Metrics - The company’s financial expenses rose by 162.66% to approximately 26.86 million, mainly due to increased foreign exchange losses from RMB appreciation[14] - The total initial investment in securities amounted to 798,034, with a fair value of 2,166.72 million at the beginning of the period[22] - There were no derivative investments during the reporting period[23]
京山轻机(000821) - 2017 Q2 - 季度财报
2017-08-18 16:00
Financial Performance - The company's operating revenue for the first half of 2017 was CNY 687,667,780.07, representing a 21.22% increase compared to CNY 567,275,511.53 in the same period last year[19]. - The net profit attributable to shareholders of the listed company reached CNY 71,323,576.63, a significant increase of 156.25% from CNY 27,834,048.57 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 62,027,859.95, up 49.75% from CNY 41,420,392.20 in the same period last year[19]. - The basic earnings per share increased to CNY 0.15, a 150.00% rise compared to CNY 0.06 in the previous year[19]. - The total operating revenue for the first half of 2017 reached ¥687,667,780.07, an increase of 21.2% compared to ¥567,275,511.53 in the same period last year[139]. - The net profit for the first half of 2017 was ¥77,579,032.40, representing a significant increase of 131.8% from ¥33,494,472.86 in the prior year[140]. - The net profit attributable to shareholders of the parent company was ¥71,323,576.63, compared to ¥27,834,048.57 in the same period last year, marking a growth of 156.5%[140]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,958,230,879.38, showing a slight increase of 0.17% from CNY 2,953,243,787.68 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were CNY 1,797,786,582.57, reflecting a 3.45% increase from CNY 1,737,784,744.01 at the end of the previous year[19]. - Total liabilities increased to ¥958,125,740.05 from ¥856,296,218.96, reflecting a rise of 11.9%[140]. - The company's total liabilities increased to CNY 1,109,292,008.78 from CNY 1,083,441,752.60, showing a rise of approximately 2.4%[132]. Cash Flow - The net cash flow from operating activities was CNY 30,101,445.41, which is a 10.29% increase from CNY 27,291,934.45 in the same period last year[19]. - The cash flow from operating activities was negatively impacted by a cash outflow of CNY 689,647,611.14, compared to CNY 560,647,871.63 in the previous year, which is an increase of approximately 23%[147]. - The total cash inflow from investment activities was CNY 668,540,976.30, while cash outflow was CNY 729,383,846.13, resulting in a net cash flow from investment activities of -CNY 60,842,869.83, an improvement from -CNY 99,255,570.71 in the previous year[148]. - The net cash flow from financing activities was CNY 77,731,971.57, up from CNY 53,658,668.56 in the same period last year, indicating a growth of about 44.8%[148]. Investments and Acquisitions - The company plans to acquire Suzhou Shengcheng Photovoltaic Equipment Co., Ltd. for CNY 808 million, aiming to enhance its capabilities in the photovoltaic automation equipment sector[49]. - The company has invested CNY 82.04 million to acquire additional shares in Wuhan Jingfeng Technology Co., accelerating its control system R&D[35]. - The company has divested its 52.08% stake in Wuhan Wuyao Safety Glass Co. for CNY 160 million, streamlining its business focus[35]. - The company signed a framework cooperation agreement to establish an industrial merger and acquisition fund, contributing up to 24 million yuan, aimed at investing in smart manufacturing enterprises[108]. Research and Development - The company invested heavily in R&D, with R&D expenses amounting to CNY 23.83 million, an increase of 58.83% from the previous year[51]. - The company is focusing on enhancing its research and development capabilities to drive future growth[156]. - The company has established the Wanxiang Artificial Intelligence Research Institute in collaboration with partners to enhance its AI capabilities in industrial applications[46]. Risks and Challenges - The company faces management and integration risks due to multiple external investments and acquisitions, which require enhanced management capabilities[7]. - The company is exposed to significant exchange rate risks due to rapid growth in foreign sales revenue[7]. - The company has ongoing arbitration related to a contract dispute involving a claim of USD 5 million, which may impact future profits[78]. - The company faces significant foreign exchange risks due to rapid growth in overseas sales, necessitating improved economic information collection and analysis capabilities[69]. Shareholder Information - The total number of shares outstanding is 477,732,636, with 72.27% being unrestricted shares[112]. - The largest shareholder, Jing Shan Jing Yuan Technology Investment Co., holds 26.35% of shares, totaling 125,891,860 shares[115]. - The top ten shareholders do not have any related party relationships or concerted actions, except for Wang Wei and Ye Xinghua, who are spouses[116]. Compliance and Governance - The company has not faced any penalties or corrective actions during the reporting period, indicating compliance with regulatory requirements[80]. - The financial report for the half-year period has not been audited[128]. - The company has not engaged in any non-compliant external guarantees during the reporting period, reflecting adherence to regulatory standards[97]. Future Outlook - The company plans to enhance its investment decision-making mechanisms and improve internal control systems to mitigate management and integration risks associated with recent acquisitions[69]. - The company plans to expand its market presence and invest in new product development in the upcoming quarters[156].
京山轻机(000821) - 2016 Q4 - 年度财报(更新)
2017-04-28 16:00
Financial Performance - The company's operating revenue for 2016 was CNY 1,281,529,288.78, representing a 24.77% increase compared to CNY 1,027,125,790.68 in 2015[18]. - The net profit attributable to shareholders for 2016 was CNY 85,362,986.27, a significant increase of 68.74% from CNY 50,588,314.80 in 2015[18]. - The net profit after deducting non-recurring gains and losses reached CNY 94,475,744.75, a remarkable increase of 1,625.88% compared to CNY 5,474,065.85 in 2015[18]. - The company's total assets at the end of 2016 were CNY 2,953,243,787.68, reflecting a 6.29% increase from CNY 2,778,385,810.40 at the end of 2015[18]. - The weighted average return on equity for 2016 was 5.03%, up from 3.47% in 2015[18]. - The net cash flow from operating activities for 2016 was CNY 76,084,032.32, a decrease of 50.79% from CNY 154,612,403.11 in 2015[18]. - The company reported a total of CNY 6,648,062.51 in government subsidies, which are closely related to its business operations[23]. Dividends and Share Capital - The company plans to distribute a cash dividend of 0.20 yuan per 10 shares to all shareholders, based on a total of 477,732,636 shares[6]. - The cash dividend represents 100% of the total distributable profit for the year, which is 9,554,652.72 yuan[125]. - In 2015, the company distributed a cash dividend of 0.1 yuan per 10 shares, totaling 4,777,326.36 yuan, which was 9.44% of the net profit attributable to ordinary shareholders[125]. - The company has a total share capital of 477,732,636 shares as of the end of 2016[121]. Business Strategy and Market Position - The company emphasizes the need to transition from a mechanical product manufacturer to a system solution provider, focusing on smart factory solutions to meet personalized user demands[6]. - The company aims to establish a complete intelligent manufacturing equipment industry system by 2020, with sales revenue exceeding 3 trillion yuan[31]. - The company is focusing on enhancing its research and development capabilities for new products and technologies[6]. - The company aims to enter the smart warehousing sector, targeting major clients like SF Express and JD.com, which is expected to be a key profit source in the next 3-5 years[78]. - The company is developing a high-performance lithium-ion battery modular assembly equipment, which, if successful, will automate production and reduce costs[78]. Investments and Acquisitions - The company has engaged in multiple investments and acquisitions, which require effective management and integration to mitigate operational risks[6]. - The company acquired a 55% stake in Wuhan Wuyao Safety Glass Co., Ltd., becoming the controlling shareholder, which supplies safety glass to several international automotive manufacturers[29]. - The company invested in the establishment of three new subsidiaries focused on smart manufacturing and artificial intelligence, enhancing its capabilities in these sectors[44]. - The company completed the acquisition of a 13.50% stake in Huizhou Sanxie, using CNY 6,075 million of the raised funds[98]. Research and Development - The company has been recognized as a "high-tech enterprise" and has significantly improved its technological level and R&D capabilities through mergers and external investments[38]. - The company received 2 invention patents and 18 utility model patents in 2016, with a total of 36 invention patents and 188 utility model patents accumulated by the end of the reporting period[38]. - R&D expenses in the industrial automation segment increased by 58% year-on-year, supporting the expansion of product offerings beyond battery packaging lines[52]. - The company's R&D investment increased by 43.77% to ¥56,792,465.88 in 2016, accounting for 4.43% of total revenue[78]. Risk Management - The company faces significant foreign exchange risk due to rapid growth in overseas sales, which could impact financial performance[6]. - The company acknowledges the risks associated with product upgrades and the necessity for quick adaptation to market trends[6]. - The company is enhancing its investment decision-making processes and internal control systems to manage risks associated with multiple investments and acquisitions[115]. Corporate Governance - The company’s financial report is audited by Zhongqin Wanxin Accounting Firm, ensuring the accuracy and reliability of its financial statements[17]. - The company has committed to maintaining independent operations, including having its own resources, personnel, and capabilities to sustain market activities[132]. - The company has established a clear governance structure to maintain its independence and protect the interests of minority shareholders[132]. Social Responsibility - The company has committed to environmental protection by outsourcing potentially polluting processes, contributing to local ecological initiatives[169]. - The chairman donated 600,000 RMB to support local impoverished students and young teachers, establishing the "Light Machine Sunshine Class" for 50 students[170]. - In November 2016, the chairman donated 10 million RMB to Wuhan University for establishing a professorship and scholarships, supporting high-level talent development[170]. Future Outlook - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[191]. - The management team emphasizes a focus on sustainability, aiming to reduce carbon emissions by 25% over the next five years[196]. - The company plans to enhance its digital marketing efforts, increasing the budget by 15% to improve customer engagement[197].
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]