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中广核技(000881) - 2014 Q2 - 季度财报(更新)
2014-07-30 16:00
Financial Performance - The company's operating revenue for the first half of 2014 was ¥921,977,850.23, representing a 35.84% increase compared to ¥678,724,872.88 in the same period last year[13]. - The net profit attributable to shareholders decreased by 24.32% to ¥49,989,232.74 from ¥66,057,653.20 year-on-year[13]. - The net profit after deducting non-recurring gains and losses fell by 50.83% to ¥25,885,079.12 compared to ¥52,645,697.14 in the previous year[13]. - Basic earnings per share decreased by 23.81% to ¥0.16 from ¥0.21 in the previous year[13]. - The company achieved operating revenue of 921,977,850.23 CNY, a year-on-year increase of 35.84%, primarily due to the addition of new trade businesses in petrochemicals and coal[20]. - The net profit attributable to shareholders decreased by 24.32% to 49,989,200 CNY, while the net profit excluding non-recurring gains and losses fell by 50.83% to 25,885,100 CNY[20]. - Operating costs rose by 49.73% to 738,779,280.79 CNY, in line with the increase in operating revenue[20]. - The company reported a decrease in short-term borrowings to ¥634,720,480.00 from ¥506,251,081.00, which is an increase of approximately 25%[71]. - The company reported a net profit for the period of CNY 49,989,232.74, contributing to an increase in total equity attributable to shareholders[83]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥599,856,305.36, a significant decline from -¥62,432,243.45 in the same period last year, marking an 860.81% increase in cash outflow[13]. - The company's cash and cash equivalents decreased by 47.10% to -630,749,757.12 CNY, primarily due to increased land reserve payments in the real estate sector[21]. - The company's cash and cash equivalents at the end of the reporting period amounted to RMB 762,840,741.25, a decrease from RMB 1,294,339,505.97 at the beginning of the year[198]. - The company's cash flow management includes a significant amount in foreign currencies, which may provide opportunities for currency risk management[198]. - The company holds RMB 449,411,572.04 in cash and cash equivalents in RMB, reflecting a strong liquidity position[198]. - The company has a total of RMB 641,525,202.96 in bank deposits, indicating a robust cash management strategy[198]. Assets and Liabilities - Total assets at the end of the reporting period increased by 4.86% to ¥6,429,179,423.85 from ¥6,131,323,808.20 at the end of the previous year[13]. - Total current assets amounted to ¥3,295,290,827.97, up from ¥3,013,730,663.61, indicating a growth of around 9%[71]. - Total liabilities increased to ¥4,152,655,944.73 from ¥3,895,536,049.80, which is an increase of about 7%[71]. - The company's total assets reached ¥6,429,179,423.85, compared to ¥6,131,323,808.20 at the beginning of the period, showing an increase of approximately 5%[71]. - The equity attributable to the parent company increased to ¥1,629,423,084.21 from ¥1,604,192,679.98, reflecting a growth of about 1.6%[71]. Shareholder Information - The company did not declare any cash dividends or bonus shares for the reporting period[3]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[32]. - The total number of shares at the end of the reporting period is 308,918,400, with 99.69% being unrestricted shares[56]. - The largest shareholder, China Dalian International Economic and Technical Cooperation Group Co., Ltd., holds 18.38% of the shares, totaling 56,772,782 shares, with 27,500,000 shares pledged[58]. - The company reported a total of 43,317 shareholders at the end of the reporting period[58]. Operational Highlights - The company faced significant external challenges but managed to achieve expected economic benefits by enhancing operational efficiency and controlling risks[18]. - The company expanded its import-export trade business significantly, with a notable increase in revenue from new petrochemical and coal trading activities[24]. - The company recorded a historic high of 9,632 tons of Argentine squid production from its fishing fleet in the Southwest Atlantic[24]. - The company’s international engineering contracting business is progressing well, with ongoing projects in Suriname, although a key loan contract has not yet been signed[22]. Accounting Policies and Financial Reporting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that financial statements accurately reflect its financial position, operating results, and cash flows[93]. - The company’s financial reporting is based on the going concern principle and follows the accrual basis of accounting[92]. - The company’s financial statements are prepared in RMB, with foreign subsidiaries using their local currencies for accounting purposes[96]. - The company has not changed its main accounting policies during the reporting period[182]. Subsidiaries and Investments - The company has several subsidiaries, including Singapore Daxin Holdings Co., Ltd. with a registered capital of $7,500 million, focusing on ocean transportation[186]. - The company acquired 100% equity of Beijing Zhongying Wantai Investment Management Co., Ltd., which has a net asset of CNY 62,263.23 million and a net loss of CNY 99,867.77 million for the period[195]. - The company has established multiple subsidiaries in Singapore, focusing on ocean transportation, with registered capitals ranging from 312,500 USD to 20 million USD[189]. - The company has a significant presence in the real estate sector, with multiple subsidiaries under Dalian Guohe Huibang Real Estate Investment Management Co., Ltd.[194].
中广核技(000881) - 2014 Q1 - 季度财报
2014-04-21 16:00
Financial Performance - Operating revenue for the first quarter was CNY 335,715,556.09, a decrease of 0.53% compared to the same period last year[4] - Net profit attributable to shareholders increased by 14.69% to CNY 24,112,522.80 from CNY 21,023,889.22 year-on-year[4] - Net cash flow from operating activities showed a significant decline, amounting to -CNY 510,578,944.15, an increase of 822.14% in negative cash flow compared to the previous year[4] - Total assets at the end of the reporting period were CNY 6,128,854,245.07, a slight decrease of 0.04% from the previous year[4] - The weighted average return on equity increased by 0.14 percentage points to 1.49%[4] Shareholder Information - The number of shareholders at the end of the reporting period was 43,281, with the largest shareholder holding 18.38% of the shares[6] - The controlling shareholder, Guohe Group, has committed to disclose any sale of shares exceeding 5% within two trading days of the first sale[10] - Hanbo Investment has made commitments to ensure the independence of Dalian International and avoid conflicts of interest with its actual controller[10] - The company has been strictly fulfilling its commitments regarding the reduction and regulation of potential related party transactions to protect the rights of minority shareholders[10] Operational Activity - The company reported a 316.30% increase in prepayments, totaling CNY 559,830,694.95, indicating increased operational activity[8] - Long-term receivables rose by 78.56% to CNY 40,495,707.46, attributed to installment sales of investment properties[8] - Cash and cash equivalents decreased by 40.70% to CNY 767,560,410.33 due to increased cash payments for goods and services[8] - The company experienced a 48.96% reduction in business taxes and additional charges, amounting to CNY 7,352,529.53, reflecting a decrease in real estate business activity[9] Risk and Compliance - There is a warning regarding the potential for significant changes in net profit compared to the same period last year, but specific details are not applicable[12] - The company has not engaged in any securities or derivative investments during the reporting period[12]
中广核技(000881) - 2013 Q4 - 年度财报
2014-03-30 16:00
Financial Performance - The company's operating revenue for 2013 was CNY 1,997,645,390.18, a decrease of 25.04% compared to CNY 2,665,027,429.04 in 2012[17]. - The net profit attributable to shareholders for 2013 was CNY 108,354,522.28, down 46.07% from CNY 200,924,785.64 in 2012[17]. - The net profit after deducting non-recurring gains and losses was CNY 88,696,373.43, a decrease of 39.86% compared to CNY 147,485,291.58 in 2012[17]. - The net cash flow from operating activities was CNY 435,411,696.53, down 47.20% from CNY 824,569,083.00 in 2012[17]. - Basic earnings per share for 2013 were CNY 0.35, a decline of 46.15% from CNY 0.65 in 2012[17]. - The weighted average return on equity was 6.88%, a decrease of 6.86 percentage points from 13.74% in 2012[17]. - The company's total revenue for 2013 was approximately 1.31 billion yuan, a decrease of 15.42% compared to 2012[31]. - The total comprehensive income for the year was CNY 75,006,116.58, a decrease of 70.3% from CNY 252,593,367.50 in the previous year[163]. - The company's net profit for the year was ¥108,354,522.28, contributing to an overall increase in equity attributable to shareholders[167]. Revenue Breakdown - The company's main business revenue decreased by 24.08% to CNY 1,994,069,115.10, mainly due to declines in engineering contracting and import-export trade revenues[28]. - The engineering contracting business experienced a significant revenue decline of 72.39%, totaling approximately 112.93 million yuan[31]. - The real estate sector showed a revenue increase of 10.86%, reaching approximately 834.14 million yuan[31]. - Other operating income fell by 90.74% to CNY 3,576,275.08, primarily due to the sale of investment properties in the previous year[29]. Assets and Liabilities - Total assets at the end of 2013 were CNY 6,131,323,808.20, a slight decrease of 0.07% from CNY 6,135,588,367.12 at the end of 2012[17]. - The total liabilities at year-end were CNY 3,895,536,049.80, compared to CNY 3,923,911,228.07 at the beginning of the year[161]. - The company's inventory at year-end was CNY 1,281,950,833.28, slightly up from CNY 1,233,422,384.34 at the beginning of the year[161]. - The total equity attributable to shareholders at year-end was RMB 1,161,278,616.72, up from RMB 1,059,445,806.29 the previous year[176]. Cash Flow - Operating cash flow decreased by 47.20% to approximately 43.54 million yuan, primarily due to reduced cash receipts from sales[36]. - The net cash flow from operating activities decreased to ¥435,411,696.53 from ¥824,569,083.00, representing a decline of approximately 47.3% year-over-year[166]. - Cash outflow from investing activities was ¥146,701,336.78, compared to ¥320,337,095.10 in the previous year, showing a reduction of approximately 54.3%[166]. - The net cash flow from financing activities was RMB -499,952,326.00, worsening from RMB -198,501,564.86 last year[175]. Business Operations - The company operated 20 vessels during the reporting period, with 15 owned and 5 leased, adapting to market changes by linking some lease agreements to the BSI index[25]. - The company signed a contract for a national infrastructure project in Suriname worth USD 235 million, ensuring continued development in the engineering contracting sector[26]. - The company captured 2,904 tons of Argentine squid, a 67% increase year-on-year, while West African operations faced a 21% decrease in production due to local government policies[28]. - The company is expanding its deep-sea fishing fleet to utilize international fishery resources and develop integrated fish trade[59]. Strategic Plans - The company plans to achieve a revenue target of 2 billion yuan for 2014, focusing on improving management quality and operational efficiency[60]. - The engineering contracting business will focus on international project contracting, enhancing market development and project management capabilities[58]. - The real estate development strategy emphasizes residential development while expanding into commercial real estate[58]. - The company aims to enhance its international labor cooperation business by improving service quality and expanding market reach[61]. Risk Management - The company has identified significant risks including political, policy, exchange rate, and market risks, and plans to implement measures to mitigate these risks[64]. - The overall market environment remains challenging, with varying conditions across different industries[56]. Corporate Governance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, with no significant discrepancies noted by the China Securities Regulatory Commission[124]. - Independent directors attended all required board meetings, ensuring the protection of minority shareholders' interests[129]. - The company has not identified any significant internal control deficiencies during the reporting period, indicating effective internal control measures[149]. Shareholder Information - The total number of shareholders at the end of the reporting period was 43,329, compared to 43,431 five trading days before the annual report disclosure[99]. - The largest shareholder, China Dalian International Economic and Technical Cooperation Group Co., Ltd., holds 18.38% of shares, totaling 56,772,782 shares, with 27,500,000 shares pledged[99]. - The company has a total of 308,918,400 shares, with 954,318 shares subject to trading restrictions[96]. Employee Structure - The company employed a total of 2,048 staff members as of the end of 2013, with 72% being production personnel[118]. - The employee structure includes 1,472 production personnel (72%), 343 technical personnel (17%), and 145 management personnel (7%)[118]. - The current financial officer and board secretary, Cui Qiaohui, received 470,000 yuan during the reporting period[113].