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京新药业(002020) - 2017 Q2 - 季度财报
2017-08-23 16:00
Financial Performance - The company's operating revenue for the first half of 2017 was ¥998,563,934.08, representing an increase of 11.94% compared to ¥892,059,976.06 in the same period last year[17]. - The net profit attributable to shareholders was ¥169,994,950.67, up 22.91% from ¥138,312,611.98 year-on-year[17]. - The net cash flow from operating activities increased by 107.70%, reaching ¥166,084,129.47 compared to ¥79,962,929.16 in the previous year[17]. - The total assets at the end of the reporting period were ¥3,405,864,594.96, a 3.50% increase from ¥3,290,625,699.18 at the end of the previous year[17]. - The weighted average return on net assets increased by 0.82 percentage points to 6.89% from 6.07% in the previous year[17]. - The gross profit margin for the main business was 56.84%, an increase of 4.64% compared to the previous year[56]. - The total profit for the first half of 2017 was CNY 237.82 million, an increase from CNY 218.12 million in the same period last year, representing an increase of approximately 9.8%[155]. - The net profit for the first half of 2017 reached CNY 228.96 million, compared to CNY 209.74 million in the previous year, marking a growth of about 9.2%[158]. Market Position and Product Development - The company plans to focus on the development of new products, including the clinical research of the proprietary new drug EVT201, which targets insomnia and other mental health conditions[26]. - The company has achieved a leading market position in the blood lipid regulation field with its product Rosuvastatin Calcium Tablets, which has a significant market share among similar products[26]. - The unique dosage form of Pitavastatin Calcium Dispersible Tablets has entered the 2017 National Medical Insurance Directory, indicating potential for rapid growth[26]. - The company continues to expand its market influence and international development potential through exports of Simvastatin Tablets to the UK market[26]. - The company aims to leverage R&D innovation and market expansion to enhance core competitiveness and achieve rapid development[29]. - The company is focused on expanding its market presence through new product development and technological advancements in its manufacturing processes[71]. - The company plans to continue expanding its market presence and invest in new product development to drive future growth[147]. Research and Development - Research and development investment increased by 60.60% to CNY 77 million, driven by the expansion of R&D projects[52]. - The company has a total of 54 invention patents, including 2 US patents, reflecting strong R&D capabilities[37]. - The company completed the production transfer research for 5 varieties and 8 specifications under the European OEM project in the first half of 2017[48]. - The company aims to increase its R&D investment by 10% in the upcoming fiscal year to support innovation[170]. Financial Stability and Investments - Long-term equity investments increased by 2.4% to 2.7419 million RMB, primarily due to a 500,000 USD investment in Pharmula in May 2017[30]. - Fixed assets grew by 7.70% to 472.686 million RMB, mainly due to an increase in buildings and structures[30]. - The company reported investment income of ¥12,051,594.34, accounting for 6.03% of total profit[58]. - The company invested ¥65,161,800.00 during the reporting period, reflecting a 4.56% increase compared to the previous year[61]. - The total amount of raised funds was ¥121,931.31 million, with ¥2,577.96 million utilized during the reporting period[68]. Shareholder and Equity Information - The company does not plan to distribute cash dividends or issue bonus shares for the reporting period[5]. - The company has committed to a share reduction plan, announcing that for every 1% of total shares sold, a public announcement will be made within two working days[88]. - The lock-up period for shares acquired through a recent transaction is set for 36 months, with a release schedule of 30%, 30%, and 40% over three years[89]. - The total number of shareholders at the end of the reporting period was 26,765, with no preferred shareholders restoring voting rights[126]. - The largest shareholder, Lü Gang, holds 23.20% of the shares, amounting to 148,018,996 shares, with 18,818,880 shares pledged[126]. Compliance and Governance - The company has a strict compliance record regarding its commitments, with all obligations fulfilled as of the reporting period[88]. - The company has committed to avoiding any related party transactions that could harm shareholder interests[99]. - The company has established a long-term commitment to avoid competition with its subsidiaries and will take necessary measures to prevent conflicts of interest[90]. - The company has maintained compliance with the disclosure requirements regarding the use of raised funds, ensuring transparency and accuracy in its financial reporting[73]. Operational Efficiency - The company has established a complete pharmaceutical industry chain from raw materials to finished products, enhancing cost advantages and market competitiveness[34]. - The company has ongoing technical transformation projects, including the production of 10 million boxes of rehabilitation liquid and 1,000 tons of levofloxacin, which are expected to enhance production efficiency[71]. - The company reported a total revenue of 589.06 million yuan for the period, representing a 75% increase compared to the previous period[99]. Risks and Challenges - The company faces risks including market competition changes, bidding price reductions, and uncertainties in new drug development due to stricter regulations[84]. - The company has not undergone any bankruptcy reorganization during the reporting period[94]. - There were no significant litigation or arbitration matters during the reporting period[95].
京新药业(002020) - 2017 Q1 - 季度财报
2017-04-26 16:00
Financial Performance - The company's revenue for Q1 2017 was CNY 478,411,667.28, representing a 14.61% increase compared to CNY 417,413,380.97 in the same period last year[8]. - Net profit attributable to shareholders was CNY 73,639,019.29, up 21.66% from CNY 60,528,907.37 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was CNY 63,879,366.28, reflecting a 16.10% increase from CNY 55,020,851.07 in the previous year[8]. - The basic earnings per share increased to CNY 0.1152, a rise of 21.65% compared to CNY 0.0947 in the same quarter last year[8]. - The company expects net profit attributable to shareholders for the first half of 2017 to increase by 20.00% to 30.00%, estimating between CNY 165.9751 million and CNY 179.8064 million[27]. Assets and Shareholder Equity - The total assets at the end of the reporting period were CNY 3,367,758,821.98, an increase of 2.34% from CNY 3,290,625,699.18 at the end of the previous year[8]. - The net assets attributable to shareholders increased to CNY 2,454,624,150.70, up 3.09% from CNY 2,381,007,672.23 at the end of the previous year[8]. - The number of ordinary shareholders at the end of the reporting period was 27,833[10]. Cash Flow and Operating Activities - The net cash flow from operating activities was CNY 89,451,853.07, down 17.98% from CNY 109,067,251.93 in the same period last year[8]. Investment and Income - The company reported a significant increase in investment income, which rose to CNY 8,661,856.52, a 219.01% increase compared to CNY 2,715,260.27 in the previous year[16]. - Investment income increased by CNY 5.9466 million, a growth of 219.01%, primarily due to the growth in income from bank financial products[20]. Liabilities and Expenses - The company's prepayments increased by 42.24% to CNY 21,281,807.38, primarily due to an increase in advance payments for materials[16]. - Interest receivables increased by CNY 6.513 million, a growth of 190.08%, mainly due to the increase in interest from financial products and acceptance guarantee deposits[17]. - Construction in progress decreased by CNY 27.8157 million, a decline of 30.43%, primarily due to the completion of civil engineering projects transferred to fixed assets[17]. - Employee compensation payables decreased by CNY 10.0794 million, a decline of 46.85%, mainly due to the distribution of year-end bonuses accrued at the end of the previous year[17]. - Operating taxes and surcharges increased by CNY 5.0539 million, a growth of 123.06%, mainly due to changes in accounting policies affecting property tax, land use tax, and stamp duty[17]. - Management expenses increased by CNY 22.1783 million, a growth of 42.04%, primarily due to increases in technology development costs and salary benefits[18]. - Financial expenses increased by CNY 1.6385 million, a growth of 216.73%, mainly due to increased exchange losses and decreased interest income[19].
京新药业(002020) - 2016 Q4 - 年度财报
2017-04-17 16:00
Financial Performance - The company's operating revenue for 2016 was CNY 1,875,460,915.20, representing a 32.48% increase compared to CNY 1,415,696,356.95 in 2015[20] - The net profit attributable to shareholders for 2016 was CNY 211,946,309.13, up 27.64% from CNY 166,044,367.62 in the previous year[20] - The net profit after deducting non-recurring gains and losses was CNY 192,084,702.98, reflecting a 34.37% increase from CNY 142,955,713.21 in 2015[20] - The net cash flow from operating activities increased by 74.64% to CNY 252,694,495.91, compared to CNY 144,692,818.81 in 2015[20] - Basic earnings per share rose to CNY 0.332, a 14.48% increase from CNY 0.290 in 2015[21] - Total assets at the end of 2016 were CNY 3,290,625,699.18, an increase of 11.93% from CNY 2,939,892,050.55 at the end of 2015[21] - The net assets attributable to shareholders increased by 7.40% to CNY 2,381,007,672.23 from CNY 2,216,881,980.29 in 2015[21] - In Q1 2023, the company reported revenue of CNY 417.41 million, which increased to CNY 525.36 million in Q4 2023, marking a growth of 25.9% quarter-over-quarter[25] - The net profit attributable to shareholders decreased significantly in Q4 2023 to CNY 11.53 million from CNY 77.78 million in Q2 2023, representing a decline of 85.2%[25] - The net cash flow from operating activities showed volatility, with a negative cash flow of CNY 95.69 million in Q4 2023, following a positive cash flow of CNY 268.42 million in Q3 2023[25] Business Expansion and Acquisitions - The company completed the acquisition of Shenzhen Juyun Display Technology Co., Ltd. in December 2015, expanding its business into medical equipment[16] - The company acquired 90% of Shenzhen Juyun Display Technology Co., Ltd. for CNY 693 million in 2015, enhancing its presence in the medical device market[33] - The company has successfully expanded into the medical device sector through the acquisition of Juyun Display, diversifying its business scope[40] - The company established a new subsidiary in Germany, Surpath Medical GmbH, holding a 90% stake, expanding its operational footprint[65] - The company has a significant number of ongoing projects in 2017, funded mainly through capital raised from share issuance and sales returns[102] Research and Development - The company is actively pursuing R&D in new drugs, including a proprietary antidepressant, EVT201, which is currently in clinical trials[31] - The company has a professional R&D team of 475 members, with 89 holding master's degrees or higher[43] - The company initiated 10 R&D projects in 2016, with 6 projects submitted for approval, enhancing its research capabilities[55] - Research and development investment rose by 48.22% to ¥110,313,461.06, constituting 5.88% of operating revenue[70] - The company has a rich product pipeline, with ongoing research in areas such as insomnia, schizophrenia, Parkinson's disease, and Alzheimer's[39] Market Position and Strategy - The company aims to strengthen its pharmaceutical business while expanding into the medical device sector, focusing on mental health, cardiovascular, and digestive health needs[35] - The company has achieved a leading market position in cardiovascular drugs, particularly with its product Rosuvastatin Calcium Tablets, which holds a significant market share[31] - The company’s market strategy focuses on "expanding internationally while stabilizing domestically," enhancing its brand influence in the API sector[52] - The company is focused on addressing rising operational costs due to increases in raw material and labor costs[103] - The company is exploring potential acquisitions to bolster its product portfolio, with a budget of 500 million RMB allocated for this purpose[193] Financial Management and Investments - The company plans to raise CNY 1.1 billion through a private placement to support the development of eight major R&D platforms[56] - The company reported a significant investment increase of 2,646.66% to CNY 223.68 million compared to the previous year[79] - The company has engaged in cash asset management, with entrusted financial management amounts totaling CNY 4,000,000, CNY 5,000,000, and CNY 2,000,000, all of which were successfully recovered[144] - The company’s financial management strategy includes a mix of guaranteed and floating return products to optimize returns while managing risk[144] - The company has a total of 6,000 in principal for guaranteed floating income products, with a return of 84.62 million, which is currently not due[149] Shareholder and Dividend Information - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares, based on a total of 639,175,886 shares[6] - The company has implemented a cash dividend policy, distributing 1.5 CNY per 10 shares in 2015, totaling 47,938,191.45 CNY[111] - In 2016, the company distributed a cash dividend of 1.00 CNY per 10 shares, amounting to 63,917,588.60 CNY, representing 30.16% of the net profit attributable to ordinary shareholders[113] - The company’s total share capital increased to 639,175,886 shares after a capital reserve conversion in 2015[111] - The company has committed to maintaining a stable dividend policy while balancing significant capital expenditure needs[112] Compliance and Governance - The company has committed to ensuring that related transactions do not harm the interests of non-related shareholders[117] - The company has emphasized the importance of fair pricing in necessary related transactions to avoid significant discrepancies with market prices[116] - The company has maintained a continuous relationship with its auditing firm, Lixin Certified Public Accountants, for six years, with an audit fee of 700,000 RMB[123] - The company has not reported any significant non-equity investments during the reporting period[83] - The company has committed to complying with regulations set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange regarding share trading and transfer[114] Community Engagement and Corporate Social Responsibility - The company sponsored 2.5 million yuan for rural sewage treatment in Xinchang, actively participating in community development and education initiatives[161] - The company has established a care fund to assist employees in need, helping 10 employees in 2016 with a total of 37,000 yuan from the fund[155] - The company has achieved ISO 14001 certification for its environmental management system, emphasizing its commitment to environmental protection[160] - The company has established a comprehensive quality management system, adhering to national GMP standards to ensure drug safety and quality[158] - The company has implemented a human resources system that guarantees 100% of employees have signed labor contracts and participate in social insurance[154]
京新药业(002020) - 2016 Q3 - 季度财报
2016-10-26 16:00
Financial Performance - Operating revenue for the reporting period was ¥458,038,695.55, representing a year-on-year growth of 35.96%[8] - Net profit attributable to shareholders was ¥62,106,120.39, up 26.20% from the same period last year[8] - The company reported a net profit of ¥200,418,732.37 for the year-to-date, reflecting a growth of 38.93% compared to the previous year[8] - Net profit for the period increased by 59.2887 million, up 41.10%, primarily due to an increase in total profit[21] - The net profit commitment for Juyun Display Technology Co., Ltd. for the years 2015, 2016, and 2017 is set at no less than RMB 45 million, RMB 58.5 million, and RMB 76.05 million respectively[25] - The net profit attributable to shareholders for 2016 is expected to increase by 30.00% to 50.00%, ranging from CNY 215.86 million to CNY 249.07 million[28] - The net profit for 2015 was CNY 166.04 million, indicating a significant growth in 2016 due to the continuous growth in the pharmaceutical business and the incorporation of Juyfeng Display[28] Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,110,291,596.96, an increase of 5.80% compared to the previous year[8] - The net cash flow from operating activities for the year-to-date reached ¥239,319,789.79, a significant increase of 92.18%[8] - Prepayments increased by 9.0172 million, up 68.18%, mainly due to an increase in prepaid raw material payments[17] - Other receivables increased by 20.1864 million, up 90.29%, primarily due to increased personal loans and prepaid software expenses[18] - Long-term equity investments increased by 163.6760 million, up 281.63%, mainly from investments in Mapi and other companies[19] - Short-term borrowings decreased by 50.8381 million, down 98.07%, due to repayment of bank loans[21] - The company’s capital stock increased by 319.5879 million, up 100%, due to a stock dividend distribution[21] - Other non-current assets increased by 0.5252 million, up 79.18%, mainly due to increased prepaid equipment payments[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 28,731[12] - The largest shareholder, Lü Gang, holds 23.16% of the shares, amounting to 148,018,996 shares[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Corporate Governance and Compliance - The company has committed to avoiding any direct or indirect competition with Juyun Display and will take necessary measures to ensure compliance[26] - Any business opportunities that may compete with the company must be reported to Juyun Display, and if declined, will be transferred to unrelated third parties[26] - The company will avoid related party transactions and ensure fairness in any necessary transactions with Juyun Display[26] - The company has established a clear framework for compliance with regulatory requirements regarding related party transactions[26] - The commitment to avoid competition includes ceasing any competing business activities and transferring such activities to unrelated parties if necessary[26] - The company will adhere to legal procedures and ensure transparency in any related party transactions[26] - Any violations of the commitments will result in full responsibility and compensation for any losses incurred by Juyun Display[26] - There were no violations regarding external guarantees during the reporting period[29] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[30] - The company did not engage in any research, communication, or interview activities during the reporting period[31] Future Plans - The company plans to issue non-public shares, with approval from the board and shareholders, and has received regulatory feedback[22] - The company invested 10 million USD in Mapi for the development of sustained-release formulations, acquiring 8.547% equity[22] Earnings Per Share - Basic earnings per share decreased by 43.42% to ¥0.0972[8] - The weighted average return on equity decreased by 2.66% to 8.73%[8]
京新药业(002020) - 2016 Q2 - 季度财报
2016-08-17 16:00
Financial Performance - The company achieved operating revenue of CNY 892,059,976.06, representing a 28.47% increase compared to the same period last year[19]. - Net profit attributable to shareholders reached CNY 138,312,611.98, up 45.52% year-on-year[19]. - The net profit after deducting non-recurring gains and losses was CNY 127,500,516.75, reflecting a 41.91% increase from the previous year[19]. - The net cash flow from operating activities was CNY 79,962,929.16, an increase of 42.00% compared to the same period last year[19]. - Revenue for the reporting period reached ¥892,059,976.06, representing a year-over-year increase of 28.47% compared to ¥694,380,867.21 in the same period last year[29]. - The company reported a gross profit margin increase, contributing to the growth in operating profit and net profit[28]. - The gross margin for the main business was 52.20%, with a year-over-year increase of 1.36%[33]. - The company reported a total revenue of ¥265.27 million and a net profit of ¥49.11 million for the reporting period[62]. - The company reported a significant increase in sales expenses, which rose to ¥200,623,168.63, up from ¥163,083,553.88, reflecting increased marketing efforts[129]. Investment and R&D - Research and development expenses increased by 51.03% to ¥47,955,519.27, up from ¥31,752,641.27, indicating a strong commitment to innovation[29]. - The company invested ¥58,400,000.00 in external equity investments during the reporting period, marking a 100% increase from the previous year[39]. - The company plans to enhance its product technology and expand into international high-end markets[27]. - The company is investing 200 million RMB in research and development for new technologies aimed at enhancing product efficiency[179]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,093,025,828.39, a 5.21% increase from the end of the previous year[19]. - The company's total assets increased to ¥2,677,112,146.16, compared to ¥2,424,992,501.12 at the end of the previous period, reflecting a growth of 10.4%[126]. - The company's total liabilities increased to CNY 744,007,207.74 from CNY 679,390,228.58, reflecting a rise of approximately 9.5%[121]. - The total equity attributable to shareholders rose to CNY 2,304,855,994.81, up from CNY 2,216,881,980.29, indicating an increase of about 3.95%[122]. Market Expansion and Strategy - The company plans to continue expanding its market presence and invest in new product development to drive future growth[129]. - The company is focusing on expanding its international presence, with ongoing efforts in the U.S. ANDA and U.K. MA registrations[32]. - The company plans to expand its market presence by entering three new regions by the end of 2016[98]. - Market expansion efforts are focused on increasing presence in Southeast Asia, with a target of entering three new countries by the end of 2016[179]. Share Capital and Equity - The basic earnings per share decreased by 34.78% to CNY 0.2164, attributed to increased share capital[19]. - The total share capital of Zhejiang Jingxin Pharmaceutical Co., Ltd. increased from 319,587,943 shares to 639,175,886 shares following a capital reserve conversion plan, with a distribution of 1 share for every 1 share held[102]. - Basic and diluted earnings per share decreased from CNY 0.58 to CNY 0.29 after the share capital increase[103]. - The company’s capital reserve decreased by CNY 319,587,943 due to the share capital increase[103]. Financial Management - The company reported a net cash flow from financing activities of CNY 34,477,215.73, recovering from a net outflow of CNY 60,347,096.86 in the previous period[138]. - The company has implemented a new financial tool for better asset management, which is expected to reduce operational costs by 5%[179]. - The company has not engaged in derivative investments or entrusted loans during the reporting period[49][50]. Corporate Governance - The company has maintained compliance with corporate governance requirements as per the Company Law and relevant regulations[71]. - The cash dividend policy is clear and complies with the company's articles of association and shareholder resolutions[66]. - The company has no significant related party transactions during the reporting period[78]. Legal and Compliance - There were no major litigation or arbitration matters during the reporting period[72]. - The company has not completed any penalties or rectifications during the reporting period[95]. - The half-year financial report has not been audited[94]. Future Outlook - The company expects to maintain a growth rate of 10% for the next quarter, projecting revenue to reach approximately 1.65 billion RMB[179]. - New product launches are anticipated to contribute an additional 300 million RMB in revenue by the end of the fiscal year[179]. - The company plans to pursue strategic acquisitions to bolster its market position, with a budget of 500 million RMB allocated for potential targets[179].
京新药业(002020) - 2016 Q1 - 季度财报
2016-04-21 16:00
Financial Performance - The company's operating revenue for Q1 2016 was CNY 417,413,380.97, representing a 25.98% increase compared to CNY 331,331,626.09 in the same period last year[8] - Net profit attributable to shareholders for Q1 2016 was CNY 60,528,907.37, a 47.60% increase from CNY 41,010,023.68 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 55,020,851.07, up 38.31% from CNY 39,781,586.23 in the previous year[8] - The net cash flow from operating activities was CNY 109,067,251.93, reflecting a 14.11% increase from CNY 95,580,596.04 in the same period last year[8] - Basic earnings per share for Q1 2016 were CNY 0.1894, a 32.26% increase compared to CNY 0.1432 in the previous year[8] - Main business revenue for the current period increased by 25.73% to $411.76 million, with core product sales showing significant growth[22] - Net profit for the current period increased by 51.27% to $62.04 million, primarily due to growth in operating profit[22] - The net profit attributable to shareholders for the first half of 2016 is expected to range from CNY 13,306.19 million to CNY 15,207.07 million, representing a year-on-year increase of 40.00% to 60.00%[34] - The net profit for the first half of 2015 was CNY 9,504.42 million, indicating significant growth in the pharmaceutical business and the inclusion of Juyun Display in the financial results[34] Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 3,084,696,259.46, a 4.93% increase from CNY 2,939,892,050.55 at the end of the previous year[8] - The net assets attributable to shareholders at the end of the reporting period were CNY 2,277,410,887.66, up 2.73% from CNY 2,216,881,980.29 at the end of the previous year[8] - The total number of ordinary shareholders at the end of the reporting period was 17,250[12] - The largest shareholder, Lü Gang, held 23.16% of the shares, amounting to 74,009,498 shares, with 58,913,388 shares pledged[12] Investments and Financial Commitments - Long-term equity investments increased by 107.22% to $120.43 million, driven by a $8.40 million investment in Shanghai Ruitai Biotechnology Co., Ltd. and a €540,000 investment in Surpath Medical GmbH[19][25] - The company plans to raise up to $1.54 billion through a non-public stock issuance to fund R&D projects[23] - The acquisition of Shenzhen Juyun Display Technology Co., Ltd. contributed an additional $8.57 million to main business revenue[27] - Other receivables surged by 378.07% to $106.88 million, mainly due to increased escrow funds for a $10 million investment in Mapi[19] - Short-term borrowings increased by 93.99% to $100.56 million, primarily due to increased bank loans[20] - The company has committed to a net profit of no less than 45 million yuan, 58.5 million yuan, and 76.05 million yuan for the years 2015, 2016, and 2017 respectively, as part of its performance commitment arrangement[30] Compliance and Governance - The company strictly adheres to the share lock-up period of 36 months for newly subscribed shares, starting from the date of listing[30] - The company has implemented measures to avoid competition with its subsidiaries, ensuring that no direct or indirect competition occurs[31] - The company has a commitment to notify of any business opportunities that may compete with its operations, allowing for potential collaboration[31] - The company has fulfilled its commitments regarding share reduction and shareholding restrictions as per regulatory requirements[30] - The company has established a three-phase unlocking schedule for shares, with 30% unlocking after the first year, followed by another 30% after the second year, and 40% after the third year[30] - The company has committed to not transferring or trading newly subscribed shares for a period of 36 months following their listing[30] - The company has ensured compliance with the regulations set forth by the China Securities Regulatory Commission and the Shenzhen Stock Exchange regarding share transactions[30] - The company has a long-term commitment to avoid any potential conflicts of interest with its controlling shareholders and related parties[31] - The company has a strict adherence to the performance compensation arrangement in case of underperformance against the committed net profit figures[30] - The company has committed to avoiding related party transactions with its controlling shareholders and ensuring fair pricing in any necessary transactions[33] - The company emphasizes compliance with legal and regulatory requirements in all related party transactions to protect shareholder interests[33] Operational Focus - The company has committed to not engaging in any business activities that compete with its main operations, ensuring a focus on core business areas[33] - The company has not conducted any investor communications or interviews during the reporting period, indicating a focus on internal operations[37] - There were no violations regarding external guarantees during the reporting period, indicating a stable financial position[35] - The company reported no non-operating fund occupation by controlling shareholders or their affiliates during the reporting period, ensuring financial integrity[36] - The company anticipates continued growth in its pharmaceutical business, contributing to the positive profit outlook for 2016[34] - The name change of the controlling shareholder from "Zhejiang Jinxin Holdings Co., Ltd." to "Jinxin Holdings Group Co., Ltd." was approved on March 22, 2016[33]
京新药业(002020) - 2015 Q4 - 年度财报
2016-03-14 16:00
Financial Performance - The company's operating revenue for 2015 was CNY 1,415,696,356.95, representing a 14.59% increase compared to CNY 1,235,496,145.95 in 2014[17] - The net profit attributable to shareholders for 2015 was CNY 166,044,367.62, a significant increase of 55.07% from CNY 107,080,366.23 in 2014[17] - The net profit after deducting non-recurring gains and losses was CNY 142,955,713.21, which is a 35.12% increase compared to CNY 105,801,526.17 in 2014[17] - The basic earnings per share for 2015 was CNY 0.580, up 46.10% from CNY 0.397 in 2014[17] - The total assets at the end of 2015 were CNY 2,939,892,050.55, reflecting a 42.39% increase from CNY 2,064,659,374.11 at the end of 2014[18] - The net assets attributable to shareholders increased by 58.51% to CNY 2,216,881,980.29 from CNY 1,398,538,401.56 in 2014[18] - The net cash flow from operating activities for 2015 was CNY 144,692,818.81, a decrease of 31.26% from CNY 210,488,270.06 in 2014[17] - The weighted average return on equity for 2015 was 11.34%, an increase from 9.68% in 2014[18] - The company reported a quarterly revenue of CNY 384,433,515.11 in Q4 2015, with a net profit of CNY 21,788,206.61 for the same quarter[22] Business Expansion and Acquisitions - The company acquired 90% of Shenzhen Juyfeng Display Technology Co., Ltd. for ¥693 million, expanding into the medical device sector[30] - The company’s intangible assets increased by ¥82,209,500, a growth of 75.86%, primarily due to the acquisition of Shenzhen Juyfeng Display Technology Co., Ltd.[33] - The company’s inventory rose by ¥72,870,900, reflecting a 40.71% increase, mainly attributed to the acquisition of Shenzhen Juyfeng Display Technology Co., Ltd.[33] - The company’s accounts receivable increased by ¥95,110,000, a growth of 52.31%, largely due to the acquisition of Shenzhen Juyfeng Display Technology Co., Ltd.[33] - The company’s fixed assets increased by ¥13,507,200, a growth of 2.29%, mainly due to the acquisition of Shenzhen Juyfeng Display Technology Co., Ltd.[33] - The company expanded its market presence by acquiring 90% of Shenzhen Juyun Display Technology Co., Ltd. in December 2015[59] Revenue Segmentation - The finished drug segment generated sales revenue of 772 million yuan, with a growth rate of 16%[45] - The raw material drug segment reported sales revenue of 575 million yuan, reflecting a stable growth of 4%[46] - The company's revenue from the finished drug business focuses on cardiovascular, digestive, and mental health areas, with significant market share in key products[28] Research and Development - The company has 31 products that have obtained new drug certificates, with an additional 20 products currently under research[37] - The company holds 43 invention patents, indicating strong research and development capabilities[37] - The company established a research laboratory in the United States and a joint venture in Germany for surgical navigation research[47] - R&D investment amounted to ¥74,424,617.86, a 38.26% increase from ¥53,830,514.44 in 2014, representing 5.26% of total revenue[64] - The number of R&D personnel increased by 65.44% to 493, representing 21.72% of the total workforce[64] Cash Flow and Financing - Operating cash inflow totaled CNY 1,574,538,287.83, an increase of 7.67% compared to CNY 1,462,387,279.04 in the previous year[67] - Operating cash outflow increased by 14.21% to CNY 1,429,845,469.02 from CNY 1,251,899,008.98, leading to a net cash flow from operating activities of CNY 144,692,818.81, down 31.26% year-over-year[67] - Investment cash inflow surged by 44,909.44% to CNY 487,769,398.66, primarily due to increased cash received from investment recoveries[68] - Financing cash inflow decreased by 43.70% to CNY 448,120,915.20, primarily due to reduced cash from investments and borrowings[71] - Financing cash outflow decreased by 48.18% to CNY 220,028,636.06, mainly due to lower cash payments for debt repayment[72] Dividend Policy - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares, with a capital reserve conversion of 10 shares for every 10 shares held[4] - The cash dividends paid in 2015 represented 28.87% of the net profit attributable to ordinary shareholders, while in 2014 it was 40.13% and in 2013 it was 39.26%[116] - The total distributable profit for the year 2015 was 166,044,367.62 yuan, with cash dividends accounting for 100% of the profit distribution[116] - The company has established a stable dividend policy to provide reasonable returns to investors, in compliance with regulatory requirements[110] Corporate Governance and Compliance - The company has a robust corporate governance structure to protect the rights of shareholders and creditors[161] - The company has established measures to avoid any potential competition with its subsidiaries, ensuring that any business opportunities that may conflict will be reported and managed appropriately[119] - The company has committed to avoiding related party transactions unless necessary, ensuring fairness and legality in any such dealings[119] - The company has maintained a continuous relationship with the auditing firm for 5 years, with an audit fee of 600,000 yuan for the current period[128] Social Responsibility and Community Engagement - The company sponsored CNY 2.5 million for rural sewage treatment in Xinchang and donated CNY 200,000 to support education for the 90th anniversary of Xinchang Middle School[170] - The company has implemented an environmental protection system and achieved ISO 14001 certification[169] - The company has established a care fund to assist employees in need, helping six employees in 2015 with a total of CNY 25,000[164] Future Outlook and Strategy - The company plans to continue its market expansion and product development strategies to enhance its competitive position in the pharmaceutical industry[89] - The company aims to achieve continuous and rapid development of foreign trade business through the registration of products in the US and UK[99] - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market reach[151] - The company plans to expand its market presence by entering three new provinces in 2016, aiming for a 10% increase in market share[152]
京新药业(002020) - 2015 Q3 - 季度财报
2015-10-29 16:00
Financial Performance - Net profit attributable to shareholders increased by 46.78% to CNY 49,212,007.26 for the reporting period[8] - Operating revenue for the reporting period reached CNY 336,881,974.63, an increase of 8.82% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 48.57% to CNY 47,728,151.22[8] - Basic earnings per share rose by 46.84% to CNY 0.1718[8] - The weighted average return on net assets increased by 0.79 percentage points to 3.24%[8] - Net profit increased by 51.22 million yuan, a growth of 55.06%, primarily due to the increase in total profit[19] - The company reported a total profit increase of 56.43 million yuan, a growth of 51.45%, mainly due to the increase in operating profit[19] - The estimated net profit attributable to shareholders for 2015 is expected to range from CNY 160.62 million to CNY 192.70 million, representing a growth of 50.00% to 80.00% compared to 2014's net profit of CNY 107.08 million[24] - The increase in net profit is primarily attributed to the rapid growth in sales revenue of finished pharmaceuticals[24] Assets and Liabilities - Total assets increased by 3.00% to CNY 2,126,506,032.93 compared to the end of the previous year[8] - Accounts receivable increased by 11.18 million yuan, a growth of 43.01%, mainly due to the increase in business operations and received notes[17] - Prepayments decreased by 2.02 million yuan, a decline of 38.01%, primarily due to a reduction in advance payments for raw materials[19] - Other receivables increased by 19.09 million yuan, a growth of 184.28%, mainly due to increased prepaid technology development fees and receivables[19] - Construction in progress increased by 34.58 million yuan, a growth of 142.20%, mainly due to the increase in fundraising projects[19] - Long-term prepaid expenses increased by 10.67 million yuan, a growth of 108.27%, primarily due to the increase in the paid use fee for pollution rights[19] - Short-term borrowings decreased by 24.83 million yuan, a decline of 63.40%, mainly due to the repayment of bank loans[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,267[12] - The largest shareholder, Lü Gang, holds 21.08% of the shares, totaling 60,384,440 shares[12] Non-Recurring Items - The company reported a total of CNY 6,681,829.41 in non-recurring gains and losses for the reporting period[9] - The company reported no securities investments during the reporting period[25] - There were no holdings in other listed companies during the reporting period[26] - The company had no instances of non-compliance with external guarantees during the reporting period[27] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[28] Investment Activities - The company plans to acquire 90% equity of Shenzhen Juyun Display Technology Co., Ltd. for 693 million yuan as part of a major asset restructuring project[20] Cash Flow - The net cash flow from operating activities decreased by 25.36% to CNY 124,529,963.73[8] Investment Income - Investment income increased by 11.23 million yuan, a growth of 471.99%, mainly due to increased income from bank financial products[19]
京新药业(002020) - 2015 Q2 - 季度财报
2015-08-24 16:00
Financial Performance - The company achieved operating revenue of CNY 694,380,867.21, representing a year-on-year increase of 16.71%[18] - Net profit attributable to shareholders reached CNY 95,044,153.75, up 59.73% compared to the same period last year[18] - The company's operating profit increased by 50.01% to CNY 104,675,300, driven by revenue growth and improved gross margin[27] - The company's total revenue from the pharmaceutical manufacturing industry was CNY 684 million, a year-on-year increase of 17.74%[34] - The expected net profit for the period from January to September 2015 is projected to be between 137.5 million and 165 million yuan, representing a growth of 50% to 80% compared to the previous year[62] - The company reported a net profit of 91.64 million yuan for the same period in 2014, indicating significant growth in sales revenue of finished pharmaceuticals[62] - The total comprehensive income for the first half of 2015 was CNY 95,044,153.75, up 59.8% from CNY 59,504,043.49 in the previous year[126] Revenue Breakdown - The revenue from finished drugs was CNY 371,217,800, reflecting a growth of 22.94% year-on-year, while raw material drugs generated CNY 313,376,500, a 12.13% increase[27] - Finished drug sales reached CNY 371 million, a year-on-year increase of 22.94%[30] - Raw material drug sales amounted to CNY 313 million, with a year-on-year growth of 12.13%[30] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 42.15% to CNY 56,312,720.72, primarily due to an increase in inventory and a decrease in payables[28] - The company's cash and cash equivalents decreased by 80.77% to CNY 72 million, primarily due to financing activities[32] - Cash flow from operating activities was CNY 56,312,720.72, down 42.3% from CNY 97,342,193.35 in the previous year[131] - The ending balance of cash and cash equivalents was 154,900,281.83 yuan, down from 449,579,711.89 yuan at the end of the previous period[135] Investment and Capital Expenditure - The company plans to acquire 90% of Shenzhen Juyun Display Technology Co., Ltd. for CNY 693 million as part of its asset restructuring project[32] - The total committed investment for the projects is CNY 96,372.1 million, with cumulative investment of CNY 34,863.6 million, representing 36.2% of the total[54] - The project for producing 500 million capsules has achieved an investment completion rate of 99.99% as of December 31, 2014, with an investment of CNY 10,183.1 million[54] - The company plans to use up to CNY 3.9 billion of idle raised funds to supplement working capital, with specific usage periods defined[55] Research and Development - Research and development expenses rose to CNY 31,752,641.27, marking a 47.82% increase compared to the previous year[28] - The company has 31 products with new drug certificates and over 20 new drugs in the research phase[37] - The company established a joint venture in London for new product registration and has a project for exporting 500 million solid dosage forms[30] Shareholder and Governance - The company will not distribute cash dividends or issue bonus shares for this reporting period[5] - The company has maintained a strong governance structure, complying with relevant laws and regulations to enhance operational standards[70] - The company has committed to avoiding any business activities that compete with its main operations, ensuring shareholder interests are protected[93] - The company has not reported any issues or problems regarding the use and disclosure of raised funds[56] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 2,052,403,567.88, a slight decrease of 0.59% from the previous year[18] - The company's total liabilities decreased to CNY 558,821,012.57 from CNY 666,120,972.55, a decline of about 16.16%[118] - The company's total equity at the end of the current period is CNY 1,350,961,786.86, reflecting an increase from the previous period[144] Compliance and Legal Matters - There were no significant litigation or arbitration matters reported during the period[71] - There were no penalties or corrective actions reported during the reporting period, indicating compliance with regulations[96] Market and Competitive Position - The company plans to enhance its core competitiveness by focusing on the development of finished drugs and improving the profitability of raw material drugs[26] - The company’s marketing network covers commercial channels, retail pharmacies, and hospitals, enhancing product promotion[38] - The company has successfully completed its high-tech enterprise re-evaluation, enhancing its market position[97] Financial Reporting and Accounting - The company's financial statements comply with the accounting standards, ensuring a true and complete reflection of its financial status[154] - The company prepares consolidated financial statements based on its own and subsidiaries' financial reports, reflecting the overall financial position, operating results, and cash flows of the entire corporate group[160]
京新药业(002020) - 2015 Q1 - 季度财报
2015-04-27 16:00
Financial Performance - The company's operating revenue for Q1 2015 was ¥331,331,626.09, representing a 21.40% increase compared to ¥272,928,143.87 in the same period last year[8] - Net profit attributable to shareholders was ¥41,010,023.68, a significant increase of 66.12% from ¥24,687,096.21 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥39,781,586.23, up 59.11% from ¥25,002,655.06 in the previous year[8] - The net cash flow from operating activities reached ¥95,580,596.04, marking a 26.32% increase from ¥75,668,082.70 in the same quarter last year[8] - Basic earnings per share rose to ¥0.1432, a 46.57% increase compared to ¥0.0977 in the previous year[8] - Operating profit increased by 61.76% to ¥47,088,103.20, driven by growth in main business revenue[18] - Total profit rose by 68.90% to ¥48,537,936.09, mainly due to the increase in operating profit[18] - Net profit increased by 66.12% to ¥41,010,023.68, reflecting the growth in operating profit[18] - The company expects net profit attributable to shareholders for the first half of 2015 to increase by 50.00% to 80.00%, ranging from ¥8,925 to ¥10,710[21] Assets and Shareholder Information - Total assets at the end of the reporting period were ¥2,143,937,432.10, reflecting a 3.84% increase from ¥2,064,659,374.11 at the end of the previous year[8] - Net assets attributable to shareholders increased to ¥1,439,548,425.24, up 2.93% from ¥1,398,538,401.56 at the end of the last fiscal year[8] - The total number of ordinary shareholders at the end of the reporting period was 14,712[11] - The largest shareholder, Lü Gang, holds 21.08% of the shares, amounting to 60,384,440 shares, with 45,288,330 shares pledged[11] Changes in Financial Metrics - The weighted average return on net assets was 2.89%, a slight decrease of 0.08 percentage points from 2.97% in the previous year[8] - Prepayments increased by 35.18% to ¥7,199,566.45, primarily due to an increase in advance payments for materials[15] - Other receivables rose by 81.75% to ¥18,827,517.54, mainly due to an increase in personal loans[16] - Construction in progress increased by 36.44% to ¥33,176,943.04, attributed to increased payments for fundraising projects[16] - Short-term borrowings decreased by 54.61% to ¥17,772,638.92, primarily due to loan repayments[16] Expenses - Sales expenses increased by 30.64% to ¥76,269,880.87, mainly due to increased business expenses from higher revenue[16] - Management expenses rose by 32.36% to ¥38,976,266.56, primarily due to increased technical development costs[16]