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东港股份(002117) - 2021 Q1 - 季度财报
2021-04-14 16:00
Financial Performance - Revenue for Q1 2021 was CNY 303,557,475.23, an increase of 12.17% compared to CNY 270,624,183.45 in the same period last year[8] - Net profit attributable to shareholders was CNY 44,228,393.75, up 18.33% from CNY 37,376,664.23 year-on-year[8] - Net profit excluding non-recurring gains and losses reached CNY 43,252,261.95, reflecting a 26.13% increase from CNY 34,290,589.62 in the previous year[8] - Basic earnings per share increased to CNY 0.0811, representing an 18.39% rise from CNY 0.0685[8] - Total operating revenue for Q1 2021 was CNY 303,557,475.23, an increase from CNY 270,624,183.45 in the previous period[36] - Net profit for Q1 2021 reached CNY 44,090,131.94, compared to CNY 37,948,625.87 in the same period last year, reflecting a growth of approximately 16.5%[38] - Basic and diluted earnings per share were both CNY 0.0484, compared to CNY 0.0537 in the previous year, indicating a decrease of 10.0%[43] Cash Flow and Liquidity - The net cash flow from operating activities improved by 42.75%, moving from a negative CNY 167,814,593.25 to a negative CNY 96,080,491.63, primarily due to reduced procurement expenses[16] - Operating cash flow for the period was negative CNY 96,080,491.63, an improvement from negative CNY 167,814,593.25 in the prior year[46] - Cash inflow from operating activities totaled CNY 229,166,543.70, while cash outflow was CNY 325,247,035.33, resulting in a net cash flow from operating activities of negative CNY 96,080,491.63[46] - The company's cash and cash equivalents decreased significantly from ¥712,276,110.35 at the end of 2020 to ¥85,494,902.43 by March 31, 2021, representing a drop of about 88%[28] - The ending cash and cash equivalents balance was CNY 53,447,472.17, a decrease from CNY 30,702,907.24 year-over-year[47] - The company experienced a net decrease in cash and cash equivalents of CNY 627,543,367.28 during the quarter[47] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,216,735,359.92, a decrease of 3.09% from CNY 2,287,369,802.38 at the end of the previous year[8] - Total assets as of the end of Q1 2021 amounted to CNY 2,191,765,352.69, slightly down from CNY 2,223,381,313.35 at the end of the previous period[34] - The total liabilities decreased from ¥700,297,238.78 at the end of 2020 to ¥585,572,664.38 by March 31, 2021, indicating a reduction of approximately 16.4%[30] - Total liabilities decreased to CNY 705,101,756.54 from CNY 763,110,920.15 in the previous period[34] - The company's total equity increased to CNY 1,486,663,596.15, up from CNY 1,460,270,393.20[34] - The total equity attributable to shareholders increased from ¥1,583,772,964.57 at the end of 2020 to ¥1,628,001,358.32 by March 31, 2021, reflecting an increase of about 2.8%[31] Shareholder Information - The company reported a total of 32,226 common shareholders at the end of the reporting period[12] - The top three shareholders held a combined 29.60% of the shares, with Beijing Zhongjiahua Information Technology Co., Ltd. holding 11.17%[12] Research and Development - Research and development expenses for Q1 2021 were CNY 17,126,500.09, down from CNY 20,463,601.98 in the previous period[37] Other Financial Metrics - The weighted average return on equity was 2.75%, up from 2.26% in the previous year[8] - The company reported a credit impairment loss of CNY -2,871,695.94, compared to a loss of CNY -469,934.33 in the previous period[37] - Other income for Q1 2021 was CNY 1,011,816.48, down from CNY 2,544,880.81 in the previous period[37] Compliance and Governance - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[23] - There were no violations regarding external guarantees during the reporting period[24] Audit and Reporting - The first quarter report for Donggang Co., Ltd. was not audited[52] - The first quarter report was released on April 14, 2021[52] - There are no significant financial adjustments reported for the first quarter[51] Strategic Outlook - Future outlook and performance guidance were not detailed in the provided content[52] - No new products or technologies were mentioned in the available reports[52] - There is no information on market expansion or mergers and acquisitions in the documents[52] - Other strategic initiatives were not discussed in the provided content[52]
东港股份(002117) - 2020 Q4 - 年度财报
2021-03-22 16:00
Financial Performance - The company's operating revenue for 2020 was ¥1,180,859,259.81, a decrease of 21.05% compared to ¥1,495,634,115.55 in 2019[17] - The net profit attributable to shareholders for 2020 was ¥163,330,111.01, down 38.76% from ¥266,721,676.93 in 2019[17] - The net cash flow from operating activities was ¥261,214,969.05, a decline of 38.27% compared to ¥423,158,918.42 in the previous year[17] - Basic earnings per share for 2020 were ¥0.2993, representing a decrease of 38.77% from ¥0.4888 in 2019[17] - The total assets at the end of 2020 were ¥2,287,369,802.38, a decrease of 2.05% from ¥2,335,153,191.93 at the end of 2019[17] - The net assets attributable to shareholders at the end of 2020 were ¥1,583,772,964.57, down 3.35% from ¥1,638,709,421.96 at the end of 2019[17] - The company reported a significant decline in net profit, with a decrease of 42.99% in net profit after deducting non-recurring gains and losses[17] - The weighted average return on net assets was 10.25% in 2020, down from 16.55% in 2019, reflecting a decrease of 6.30%[17] - The company's revenue decreased by 21.05% due to the impact of the pandemic and the acceleration of electronic invoicing trends[34] - Net profit attributable to shareholders fell by 38.76% during the reporting period[34] - Printing business revenue declined by 24.15% compared to the same period last year, facing significant challenges from the pandemic and electronic trends[34] - Revenue from composite products decreased by 27.59% year-on-year, but profit levels were maintained through cost control and service enhancement[35] - Revenue from the printing industry was ¥965,233,651.04, accounting for 81.74% of total revenue, down 24.80% from ¥1,283,480,795.21 in 2019[39] - Revenue from the service industry increased by 1.34% to ¥189,615,736.82, up from ¥187,105,702.00 in 2019[39] - Gross profit margin for the printing industry decreased by 3.25% to 36.60% in 2020, while the service industry maintained a gross profit margin of 39.89%[41] - The company reported a total of 157,420,000 RMB in entrusted financial management, with an outstanding balance of 20,000,000 RMB[105] - The company reported a net profit of CNY 22,691,863.45 in 2020, an increase from CNY 19,591,358.84 in 2019, showing growth in investment income[198] - The total profit for the year was CNY 182,982,751.42, down from CNY 312,922,075.25, reflecting a decline of 41.3%[199] - The operating profit for 2020 was CNY 185,304,771.71, compared to CNY 312,542,090.01 in 2019, indicating a decrease of 40.7%[199] Dividend Distribution - The company plans to distribute a cash dividend of ¥4 per 10 shares, based on a total of 545,666,421 shares[5] - The company distributed cash dividends of 218,266,568.40 yuan for the year 2020, amounting to 4 yuan per 10 shares[80] - The cash dividend for 2019 was also 218,266,568.40 yuan, which represented 81.83% of the net profit attributable to shareholders[79] - In 2018, the total cash dividend distributed was 254,644,329.80 yuan, accounting for 99.17% of the net profit attributable to shareholders[79] - The company has maintained a cash dividend payout ratio of over 40% of the net profit attributable to shareholders for several consecutive years[107] Risks and Challenges - The company faces risks including rising raw material costs, slowing growth in new businesses, and intensified competition in the ticketing business[5] - The company is exploring diversified development directions in response to the decline in traditional ticketing business due to technological advancements[65] - The company faces risks from rising raw material costs and increased competition in the ticketing market, with strategies in place to mitigate these challenges through centralized procurement and market share expansion[71] Research and Development - The company has established four R&D centers in Beijing, Shanghai, Jinan, and Guangzhou, focusing on anti-counterfeiting, information technology, and blockchain technology[31] - R&D expenses increased by 9.63% to ¥100,047,908.31 from ¥91,259,247.22 in 2019[50] - R&D investment increased by 2.67% to ¥100,982,412.16, representing 8.55% of operating revenue, up from 6.58% in 2019[51] - The company aims to enhance its competitive edge by focusing on research and innovation in electronic ticketing, new lottery sales channels, and electronic archiving, ensuring sustainable growth[70] - The company plans to leverage blockchain technology to develop new service models and expand its market presence in electronic ticketing and archiving services[71] Corporate Governance - The company has established a comprehensive corporate governance structure to protect shareholder rights[107] - The company has not engaged in any related party transactions during the reporting period[94] - The company has maintained a stable leadership structure with no significant changes in executive roles reported during the period[135] - The company’s governance structure aligns with the regulatory requirements set by the China Securities Regulatory Commission, with no significant discrepancies noted[153] - The audit committee confirmed that the 2020 financial statements comply with accounting standards and accurately reflect the company's operational status, with no significant omissions or alterations[161] - The company respects and adopts suggestions from independent directors, enhancing governance practices in areas such as financial auditing and strategic decisions[160] Employee and Management Structure - The total number of employees in the company is 1,606, with 289 in the parent company and 1,317 in major subsidiaries[147] - The company has a professional composition of 614 production personnel, 168 sales personnel, 682 technical personnel, 40 financial personnel, and 102 administrative personnel[147] - The total remuneration for directors and senior management during the reporting period amounts to 650.57 million yuan[146] - The company has established a comprehensive salary system based on legal, fair, competitive, and motivating principles[148] - The company has a strong emphasis on developing high-quality talent through its training and development programs[150] Financial Reporting and Audit - The audit opinion for the financial statements was a standard unqualified opinion, issued on March 20, 2021[176] - The audit was conducted by Xinyong Zhonghe Accounting Firm, ensuring compliance with Chinese auditing standards[176] - The financial statements fairly reflect the financial position and operating results of Donggang Co., Ltd. for the year 2020[176] - The internal control system was deemed effective as of December 31, 2020, with no major deficiencies reported[170] - The audit committee communicated with the accounting firm to ensure timely submission of the audit report, confirming no major issues were found during the audit process[162]
东港股份(002117) - 2020 Q3 - 季度财报
2020-10-20 16:00
Financial Performance - Operating revenue for the reporting period was CNY 270,493,469.55, down 14.60% year-on-year, and down 29.89% year-to-date[8] - Net profit attributable to shareholders decreased by 27.06% to CNY 46,366,219.80 for the reporting period, and down 41.59% year-to-date[8] - Basic and diluted earnings per share both decreased by 41.58% to CNY 0.0850[8] - The company reported a net profit excluding non-recurring gains and losses of CNY 41,988,744.87, down 30.73% for the reporting period and down 45.78% year-to-date[8] - Net profit for Q3 2020 was ¥46,515,023.97, a decline of 27.0% from ¥63,754,083.47 in Q3 2019[38] - Total operating revenue for Q3 2020 was ¥270,493,469.55, a decrease of 14.6% compared to ¥316,725,129.21 in the same period last year[36] - Total operating income for the year-to-date period was ¥817,614,457.02, a decrease of 30% from ¥1,166,192,989.56 in the previous year[44] - The net profit for the year-to-date period was ¥120,733,057.44, a decrease of 41.6% compared to ¥206,889,251.28 in the previous year[46] Asset and Liability Changes - Total assets decreased by 19.95% to CNY 1,869,216,546.67 compared to the end of the previous year[8] - The company's current assets decreased to ¥917,092,230.24 from ¥1,346,446,128.30, reflecting a decline of approximately 31.9%[28] - Cash and cash equivalents dropped significantly to ¥91,463,993.52 from ¥357,685,689.17, a decrease of about 74.5%[28] - Accounts receivable decreased to ¥153,111,877.54 from ¥272,173,835.08, representing a decline of approximately 43.8%[28] - The company's total liabilities decreased to ¥326,037,238.50 from ¥694,440,372.80, a reduction of about 53%[30] - The total equity attributable to shareholders decreased to ¥1,540,698,379.83 from ¥1,638,709,421.96, a decline of approximately 6%[31] - Total liabilities for Q3 2020 were ¥484,971,387.70, a decrease of 30.9% from ¥701,587,419.64 in the previous year[34] Cash Flow Analysis - The net cash flow from operating activities increased by 83.17% in the third quarter, but decreased by 15,264.73% year-to-date due to reduced operating revenue[16] - Cash flow from operating activities for the period was -20,143,891.05 CNY, compared to -131,104.76 CNY in the previous year, indicating a significant deterioration[53] - Cash inflow from investment activities was 1,346,582,579.85 CNY, while cash outflow was 1,349,981,623.41 CNY, resulting in a net cash flow of -3,399,043.56 CNY[53] - Cash flow from financing activities showed a net outflow of 229,371,449.06 CNY, compared to -267,916,060.81 CNY in the previous year[53] - The total cash and cash equivalents at the end of the period were 67,975,832.51 CNY, a decrease from 43,371,476.00 CNY year-over-year[53] Operational Insights - The decline in revenue was attributed to reduced customer orders and a decrease in demand for traditional printing services due to the acceleration of electronic invoicing trends[16] - The company strengthened receivables collection, leading to improved cash flow in the third quarter[16] - The company plans to enhance market expansion strategies and invest in new product development to drive future growth[38] - The company reported a significant reduction in accounts payable, decreasing from ¥81,947,803.49 to ¥62,325,983.62, indicating improved cash flow management[34] - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[49] Research and Development - Research and development expenses for Q3 2020 were ¥19,669,056.98, down from ¥21,585,706.56 in Q3 2019, indicating a focus on cost management[37] - Research and development expenses for Q3 2020 were ¥8,520,075.92, slightly up from ¥8,500,923.44 in the same period last year, indicating a focus on innovation[40] Shareholder Information - The total number of shareholders at the end of the reporting period was 29,963[12] Compliance and Governance - The company reported no derivative investments during the reporting period[19] - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[23] - The company has not engaged in any major contracts or external guarantees during the reporting period[21][22] - The company did not conduct any investor communications or interviews during the reporting period[24] - The company has not undergone an audit for the third quarter report[66] - The company implemented new revenue and lease standards starting in 2020, with no retrospective adjustments made to prior comparative data[66]
东港股份(002117) - 2020 Q2 - 季度财报
2020-08-21 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥547,120,987.47, a decrease of 35.59% compared to ¥849,467,860.35 in the same period last year[17]. - The net profit attributable to shareholders was ¥73,889,306.47, down 48.08% from ¥142,316,567.99 year-on-year[17]. - The net cash flow from operating activities was -¥149,829,305.30, representing a decline of 111.23% compared to -¥70,930,403.03 in the previous year[17]. - The total assets at the end of the reporting period were ¥1,831,985,890.83, a decrease of 21.55% from ¥2,335,153,191.93 at the end of the previous year[17]. - The net assets attributable to shareholders decreased by 8.81% to ¥1,494,332,160.03 from ¥1,638,709,421.96 at the end of the previous year[17]. - The company achieved total revenue of CNY 547.12 million, a decrease of 35.59% compared to the same period last year[33]. - Net profit attributable to shareholders was CNY 73.89 million, down 48.08% year-on-year[33]. - Revenue from printing and coating businesses decreased by 38.11% and 52.93% respectively due to the impact of the pandemic[33]. - The printing industry revenue decreased by 40.73%, with printing products revenue down by 38.11% and composite products revenue down by 52.93% due to the impact of the pandemic and digitalization[39]. - The gross profit margin for the printing industry was 38.31%, a decrease of 0.79% compared to the previous year[38]. - The service industry revenue increased by 5.31%, with a gross profit margin of 50.03%, up by 3.27% year-on-year[38]. Research and Development - The company has established four R&D centers in Beijing, Shanghai, Jinan, and Guangzhou, focusing on anti-counterfeiting technology, information technology, and blockchain technology[26]. - The company has invested significantly in R&D, focusing on anti-counterfeiting technology, information technology, and blockchain technology[30]. - Research and development expenses increased to CNY 47,951,365.01, up 17.8% from CNY 40,939,082.21 in the first half of 2019[113]. - Research and development expenses increased to CNY 18,595,175.06 in the first half of 2020, compared to CNY 16,959,133.75 in the previous year, indicating a focus on innovation[118]. Market Presence and Operations - The company operates nine production bases in key cities and has implemented an ERP system to enhance production management efficiency[26]. - The company serves major clients including banks and government agencies, maintaining a competitive edge in product quality and service levels[26]. - The company has established 30 sales outlets in key cities across the country, enhancing its market presence[30]. - The company is transitioning from a traditional manufacturer to an information technology service provider, with new business lines gaining market recognition[29]. Financial Management and Cash Flow - Cash flow from operating activities decreased by 111.23% to -CNY 149.83 million due to reduced revenue[35]. - The company reported a net increase in cash and cash equivalents of -CNY 246.97 million, an improvement of 65.99% compared to the previous year[35]. - The total cash inflow from investment activities was 1,207,390,316.87 CNY, while cash outflow was 1,075,164,124.60 CNY, resulting in a net cash flow of 132,226,192.27 CNY, a significant improvement from -387,340,597.51 CNY previously[124]. - The cash inflow from sales of goods and services was 362,274,952.20 CNY, a decrease from 464,799,097.40 CNY in the previous period[126]. - The company incurred total cash outflows for operating activities of 691,205,883.84 CNY, which is an increase compared to 644,681,379.30 CNY in the prior period[127]. Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the reporting period[5]. - The total number of common shareholders at the end of the reporting period is 28,866[87]. - The largest shareholder, Hong Kong Xiduo Lai Group Co., Ltd., holds 12.34% of shares, totaling 67,316,950 shares[87]. - Beijing Zhongjiahua Information Technology Co., Ltd. holds 11.17% of shares, totaling 60,961,650 shares[87]. - The company did not distribute cash dividends or issue bonus shares during the reporting period[58]. Compliance and Governance - The company has not engaged in any competitive business activities with Donggang Anquan Printing Co., Ltd. during the reporting period[59]. - The company has committed to not directly invest in or acquire any competing enterprises in the future[60]. - The company has not conducted any major litigation or arbitration matters during the reporting period[63]. - The company has not experienced any penalties or rectification situations during the reporting period[64]. - The company has not implemented any equity incentive plans or employee stock ownership plans during the reporting period[65]. - The company has not engaged in any related party transactions during the reporting period[66]. - The company has not conducted any significant asset or equity acquisitions or sales during the reporting period[67]. Assets and Liabilities - Total assets at the end of the reporting period were 1,836,000,000.00 yuan, with cash and cash equivalents decreasing by 9.80% to 101,166,812.87 yuan[43]. - The company's total assets decreased from 2,335,153,191.93 yuan at the end of 2019 to 1,831,985,890.83 yuan as of June 30, 2020, a decline of approximately 21.6%[106]. - Current assets decreased from 1,346,446,128.30 yuan to 867,676,666.38 yuan, a decline of approximately 35.5%[106]. - The company’s fixed assets increased by 6.87% to 683,099,957.38 yuan compared to the previous year[43]. - The total liabilities decreased to CNY 439,675,424.99 from CNY 701,587,419.64 at the end of 2019, representing a reduction of 37.3%[112]. - The total liabilities to equity ratio improved to 30.5% from 42.7% at the end of 2019, indicating a stronger financial position[112]. Accounting Policies - The company follows the accounting policies and estimates as per the Ministry of Finance's guidelines, ensuring accurate financial reporting[147]. - The company’s financial statements reflect its financial position, operating results, and cash flows accurately[148]. - The company consolidates all controlled subsidiaries in its financial statements, adjusting for any discrepancies in accounting policies or periods[154]. - Significant internal transactions, balances, and unrealized profits are offset in the consolidated financial statements[154]. Impairment and Valuation - The company conducts impairment tests for fixed assets, construction in progress, and finite-lived intangible assets at the balance sheet date, recognizing impairment losses if recoverable amounts are below carrying values[199]. - Goodwill and indefinite-lived intangible assets undergo annual impairment testing regardless of impairment indicators, with losses recognized based on the excess of carrying value over recoverable amount[200].
东港股份(002117) - 2020 Q1 - 季度财报
2020-04-23 16:00
Financial Performance - The company's operating revenue for Q1 2020 was ¥270,624,183.45, a decrease of 38.54% compared to ¥440,330,821.12 in the same period last year[8]. - Net profit attributable to shareholders was ¥37,376,664.23, down 47.27% from ¥70,878,905.10 year-on-year[8]. - The net profit after deducting non-recurring gains and losses was ¥34,290,589.62, reflecting a decline of 49.50% compared to ¥67,904,599.13 in the previous year[8]. - Basic and diluted earnings per share both decreased by 47.27% to ¥0.0685 from ¥0.1299[8]. - Total operating revenue for the first quarter was ¥270,624,183.45, a decrease from ¥440,330,821.12 in the previous period[36]. - Net profit for the first quarter was ¥37,948,625.87, down from ¥71,310,168.93 in the same period last year, reflecting a decline of approximately 46.8%[38]. - The company reported a total profit of ¥45,736,706.21, down from ¥84,308,996.28, highlighting a challenging operating environment[37]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥167,814,593.25, worsening by 20.47% from -¥139,303,191.43 in the same period last year[8]. - Total cash inflow from operating activities was 216,148,819.20 yuan, down from 267,046,107.41 yuan in the previous period, reflecting a decrease of approximately 19%[44]. - Cash outflow from operating activities totaled 383,963,412.45 yuan, slightly lower than 406,349,298.84 yuan in the previous period[44]. - The cash flow statement indicates a need for further analysis to assess liquidity and operational efficiency[42]. - The company reported a significant decrease in tax payments, with 29,508,933.86 yuan paid compared to 48,159,368.59 yuan in the previous period, a reduction of approximately 38.7%[44]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,104,721,576.11, a decrease of 9.87% from ¥2,335,153,191.93 at the end of the previous year[8]. - Current assets totaled CNY 1,124,090,748.04, down from CNY 1,346,446,128.30, indicating a decrease of about 16.49%[28]. - The company's total liabilities decreased from CNY 694,440,372.80 to CNY 426,060,131.11, reflecting a reduction of about 38.67%[30]. - The total equity attributable to shareholders increased from CNY 1,638,709,421.96 to CNY 1,676,086,086.19, an increase of approximately 2.29%[31]. - The company’s total liabilities increased to CNY 694,440,372.80, reflecting a significant financial position[54]. Shareholder Information - The company had a total of 29,011 common shareholders at the end of the reporting period[11]. - The net assets attributable to shareholders increased by 2.28% to ¥1,676,086,086.19 from ¥1,638,709,421.96 at the end of the previous year[8]. Operational Challenges - The decline in revenue and profit was attributed to delays in customer resumption of work and postponement or cancellation of orders due to the pandemic[15]. - The company is focusing on strategic initiatives to enhance market expansion and product development in the upcoming quarters[39]. Investment Activities - The net cash flow from investing activities was -122,939,856.47 yuan, an improvement from -612,377,378.52 yuan in the previous period[45]. - Cash inflow from investment activities was 773,105,177.28 yuan, compared to 734,254,641.41 yuan in the previous period, showing an increase of about 5.3%[45]. - The company has ongoing investments in construction projects, with "in-progress construction" rising from CNY 99,041,468.08 to CNY 111,175,166.69, an increase of about 12.83%[29].
东港股份(002117) - 2019 Q4 - 年度财报
2020-04-13 16:00
Financial Performance - The total revenue for 2019 was CNY 1,495,634,115.55, a decrease of 3.24% compared to 2018[17]. - The net profit attributable to shareholders was CNY 266,721,676.93, an increase of 3.88% year-over-year[17]. - The net cash flow from operating activities increased by 34.04% to CNY 423,158,918.42[17]. - Basic earnings per share rose to CNY 0.4888, reflecting a growth of 3.87% from the previous year[17]. - Total assets at the end of 2019 were CNY 2,335,153,191.93, a 0.97% increase from 2018[17]. - The net assets attributable to shareholders were CNY 1,638,709,421.96, up by 0.74% compared to the previous year[17]. - The company reported a net profit of CNY 240,751,021.02 after deducting non-recurring gains and losses, a 2.76% increase from the previous year[17]. - The company achieved total revenue of CNY 1.496 billion, a decrease of 3.24% compared to the previous year[34]. - Net profit attributable to shareholders was CNY 267 million, an increase of 3.88% year-on-year[34]. - The company reported a significant increase in revenue from other products, which rose by 41.66% to ¥25,047,618.34[39]. - The company reported a cash dividend of CNY 4 per 10 shares for the 2019 fiscal year, totaling CNY 218.27 million[73]. - The cash dividend amount for 2019 was CNY 218,266,568.40, representing 81.83% of the net profit attributable to ordinary shareholders[74]. - The total distributable profit for 2019 was CNY 277,254,300.00, with cash dividends accounting for 100% of the profit distribution[76]. Revenue Breakdown - Revenue from the printing business decreased by 6.53% due to market changes and the impact of digitalization[34]. - The electronic ticketing business saw a revenue growth of 28.48%, with enhanced profitability[35]. - Revenue from the printing industry was ¥1,283,480,795.21, accounting for 85.82% of total revenue, down 6.53% from the previous year[39]. - Revenue from the service industry increased by 20.82% to ¥187,105,702.00, representing 12.51% of total revenue[39]. - The southern region's revenue grew by 29.68% to ¥413,732,921.12, while the northern region's revenue decreased by 11.80% to ¥1,081,901,194.43[41]. Investment and R&D - The company has invested significantly in R&D across various technologies, holding over 159 patents and 180 software copyrights[31]. - The company's R&D investment amounted to ¥98,357,197.51 in 2019, a slight increase of 0.81% compared to ¥97,570,361.28 in 2018, with R&D expenses accounting for 6.58% of operating revenue[49]. - Research and development expenses remained stable at ¥91,259,247.22, a slight decrease of 0.12% compared to 2018[48]. - The company has a structured salary system for its senior management, based on industry standards and company performance[143]. Operational Challenges - The company faced challenges in 2020 due to the global COVID-19 pandemic, impacting market demand and traditional business costs[5]. - The company is facing risks from the global pandemic affecting market demand and is implementing strategies to diversify revenue streams[69]. - The company is committed to optimizing business processes to reduce costs and improve profit margins amid rising traditional business costs[69]. Corporate Governance - The company has established a comprehensive corporate governance structure to protect shareholder rights and ensure transparency[106]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[80]. - The company has maintained a stable dividend policy, with cash dividends consistently distributed over the past three years[74]. - The company has established internal control systems that comply with the requirements of the China Securities Regulatory Commission[150]. - The audit committee confirmed that the financial statements for 2019 comply with accounting standards and accurately reflect the company's operational status, with no significant omissions or alterations[158]. Shareholder Information - The company has a total of 34,223 common shareholders at the end of the reporting period[120]. - The largest shareholder, Hong Kong Jiduo Group, holds 12.34% of the shares, totaling 67,316,950 shares[121]. - Beijing Zhongjiahua Information Technology Co., Ltd. is the second-largest shareholder with an 11.17% stake, amounting to 60,961,650 shares[121]. - The company has no controlling shareholder or actual controller, with all shareholders holding similar stakes, preventing any single shareholder from controlling the board or shareholder meetings[123][124]. Financial Position - The company's total liabilities as of December 31, 2019, were CNY 694,440,372.80, compared to CNY 685,102,237.03 in the previous year, indicating a rise of about 1.9%[188]. - The total equity attributable to shareholders of the parent company was CNY 1,638,709,421.96 as of December 31, 2019, slightly up from CNY 1,626,632,074.83 in 2018, representing an increase of approximately 0.7%[189]. - Cash and cash equivalents decreased significantly from CNY 793,811,459.31 in 2018 to CNY 357,685,689.17 in 2019, a decline of about 55.1%[186]. - The company's total assets decreased to CNY 2,172,912,602.82 in 2019 from CNY 2,253,495,089.66 in 2018, a decline of 3.58%[194]. Audit and Compliance - The audit opinion issued by the accounting firm was a standard unqualified opinion, confirming the fair presentation of financial statements[174]. - The audit committee reported that there were no significant issues discovered during the audit process, and the financial statements prepared before the audit matched those after the audit[159]. - The internal control self-assessment report indicated that 100% of the total assets and operating income were included in the evaluation scope[165]. - The company respects and considers the suggestions from independent directors in various governance aspects, enhancing corporate governance[157].
东港股份(002117) - 2019 Q3 - 季度财报
2019-10-18 16:00
Financial Performance - Net profit attributable to shareholders increased by 0.18% to CNY 63,567,241.35 for the reporting period[8] - Operating income for the reporting period was CNY 316,725,129.21, a decrease of 3.33% year-on-year[8] - The basic earnings per share for the reporting period was CNY 0.1165, an increase of 0.17% year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 4.31% to CNY 60,611,783.44 for the reporting period[8] - Net profit for Q3 2019 was CNY 63,754,083.47, slightly up from CNY 63,298,176.94 in Q3 2018, representing a growth of 0.7%[36] - Net profit for the third quarter was CNY 29,977,703.03, down from CNY 37,596,618.04 in the same period last year, representing a decrease of approximately 20.5%[40][41] - The net profit for the current period is ¥215,594,124.80, down 11.3% from ¥243,089,879.28 in the previous period[49] Assets and Liabilities - Total assets decreased by 11.39% to CNY 2,049,299,470.48 compared to the end of the previous year[8] - The company's current assets totaled CNY 1,073,763,126.76, down from CNY 1,331,885,341.19 in December 2018, indicating a decline of approximately 19.4%[25] - The company's total liabilities decreased to CNY 469,288,044.51 from CNY 685,102,237.03, a reduction of about 31.5%[27] - The company's total assets as of September 30, 2019, were CNY 2,027,519,548.13, down from CNY 2,253,495,089.66 at the end of 2018, a decrease of 10%[33] - Current assets totaled CNY 901,617,853.80, a decline of 21.5% from CNY 1,148,642,968.89 at the end of 2018[31] - The company's total liabilities decreased to CNY 537,891,764.02, down from CNY 724,817,100.55, a reduction of 25.8%[32] - The equity attributable to owners increased to CNY 545,666,421.00 from CNY 363,777,614.00, showing an increase of approximately 50%[27] - The equity attributable to shareholders of the parent company was CNY 1,489,627,784.11, down from CNY 1,528,677,989.11, a decrease of 2.5%[33] Cash Flow - Cash flow from operating activities increased by 45.20% to CNY 70,799,298.27 for the reporting period[8] - The company reported a significant increase in cash received from sales and services, contributing to improved cash flow[16] - The cash and cash equivalents decreased to CNY 80,390,875.78 from CNY 793,811,459.31, representing a significant drop of about 89.9%[25] - The company reported a significant reduction in cash and cash equivalents, which fell to CNY 55,642,925.13 from CNY 747,482,533.77, a decrease of 92.6%[30] - The cash flow from operating activities shows a net outflow of ¥131,104.76, a significant improvement from a net outflow of ¥15,802,305.31 in the previous period[53] - The cash flow from investing activities has a net outflow of ¥464,947,761.75, worsening from a net outflow of ¥207,287,919.78 in the previous period[54] - The ending balance of cash and cash equivalents was 22,623,525.35, down from 300,124,773.75 in the previous period[57] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,413[12] - The top ten shareholders held a combined 49.01% of the company's shares, with the largest shareholder owning 12.34%[12] - The company has committed to not reducing its shareholding in Donggang Co., Ltd. from January 30, 2019, to January 29, 2020, ensuring stability for minority shareholders[18] Research and Development - Research and development expenses for Q3 2019 were CNY 21,585,706.56, slightly down from CNY 22,576,506.45 in the previous year[35] - Research and development expenses for the third quarter were CNY 8,500,923.44, a decrease from CNY 8,832,270.51 in the previous quarter[40] - Research and development expenses for the current period are ¥25,460,057.19, slightly down from ¥26,663,476.49 in the previous period[48] Operational Highlights - Total operating revenue for Q3 2019 was CNY 316,725,129.21, a decrease of 3.3% compared to CNY 327,629,511.64 in the same period last year[35] - Total operating costs decreased to CNY 247,860,053.06, down 6.6% from CNY 265,321,769.35 year-over-year[35] - Total operating revenue for the third quarter was CNY 256,814,674.83, a slight decrease from CNY 257,632,039.22 in the previous quarter[40] - Total operating costs for the third quarter were CNY 191,505,939.92, compared to CNY 183,152,403.35 in the previous quarter, reflecting an increase of approximately 4.4%[40] - The company reported investment income of CNY 453,313.03 for the third quarter, down from CNY 1,372,556.03 in the previous quarter[40] - The company experienced a decrease in sales expenses, which were CNY 9,935,774.23 for the third quarter, down from CNY 11,894,124.81 in the previous quarter[40] Compliance and Governance - Donggang Co., Ltd. has no overdue commitments or guarantees during the reporting period, indicating a strong compliance with financial obligations[19][20] - The company has not conducted any research, communication, or interview activities during the reporting period, reflecting a focus on internal operations[24] - The company did not undergo an audit for the third quarter report[58]
东港股份(002117) - 2019 Q2 - 季度财报
2019-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was approximately ¥849.47 million, representing a 1.41% increase compared to ¥837.65 million in the same period last year[16]. - The net profit attributable to shareholders was approximately ¥142.32 million, reflecting a 7.61% increase from ¥132.26 million year-on-year[16]. - The company achieved total revenue of RMB 849.47 million, a year-on-year increase of 1.41%, and a net profit attributable to shareholders of RMB 142 million, up 7.61% compared to the previous year[33]. - The printing business maintained stable performance despite market demand fluctuations, with revenue from composite products, particularly smart cards, increasing by 32% year-on-year, becoming a key growth driver[34]. - Revenue from electronic ticketing business grew by 22% during the reporting period, with ongoing development of non-tax electronic tickets and blockchain electronic tickets, expanding application scenarios[34]. - The revenue from the archival storage business increased by 12% year-on-year, with an expanded customer base and service areas[34]. - The revenue from the service sector decreased by 13.91% year-on-year, indicating a need for strategic adjustments in this area[38]. - The company's revenue for the printing industry reached ¥758,487,812.99, representing a year-on-year increase of 3.77%[39]. - The gross profit margin for the printing products was 37.10%, a decrease of 0.26% compared to the previous year[39]. - The revenue from composite products increased significantly by 21.85% to ¥134,383,934.39, with a gross profit margin of 48.40%[39]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at approximately -¥70.93 million, a decline of 9.86% compared to -¥64.56 million in the previous year[16]. - The company reported a net cash flow from operating activities of -RMB 70.93 million, a decline of 9.86% year-on-year, indicating challenges in cash generation[36]. - The company's cash and cash equivalents dropped to ¥89,308,897.35 from ¥793,811,459.31, indicating a significant decrease of approximately 88.7%[104]. - Current assets decreased to ¥1,099,234,524.66 as of June 30, 2019, down from ¥1,331,885,341.19 at the end of 2018, representing a decline of approximately 17.4%[105]. - Total liabilities decreased to ¥564,516,234.76 as of June 30, 2019, compared to ¥685,102,237.03 at the end of 2018, reflecting a reduction of about 17.6%[107]. - The company's total assets at the end of the reporting period were ¥2,086,000,000, with cash and cash equivalents decreasing by 12.01% to ¥89,308,897.35[42]. - The total assets amounted to ¥2,080,773,577.26 as of June 30, 2019, down from ¥2,312,716,835.99, representing a decrease of about 10%[107]. - The company's equity attributable to shareholders decreased to ¥1,514,304,313.02 from ¥1,626,632,074.83, a decline of approximately 6.9%[107]. - The company reported a significant decrease in cash and cash equivalents, ending the period with CNY 50,177,235.89, down from CNY 285,127,978.28 at the end of the first half of 2018[124]. Investment and R&D - The company plans to invest significantly in emerging businesses, which may impact short-term financial performance[5]. - The company has established four R&D centers in major cities, focusing on anti-counterfeiting technology, information technology, and smart label technology[25]. - Research and development investment amounted to RMB 40.94 million, a decrease of 9.05% compared to the previous year, reflecting a focus on cost control[36]. - The company has invested significantly in R&D, with over 160 patents and 110 software copyrights, positioning itself as a leader in technology and innovation within the industry[30]. Market Presence and Strategy - The company has expanded its market presence with 9 production bases and 24 document storage bases across key cities in China[25]. - The company has established a nationwide sales and production service network with 30 sales outlets in key cities, enhancing its market competitiveness and customer service capabilities[29]. - The company is transitioning from a traditional manufacturer to an information technology service provider, driven by the development of electronic invoices and other new technologies[28]. - The company plans to enhance its market position by leveraging competitive advantages and optimizing operational costs to counter rising expenses[54]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 21,189[88]. - The largest shareholder, Hong Kong Xiduo Lai Group Co., Ltd., holds 12.34% of shares, totaling 67,316,950 ordinary shares[88]. - Beijing Zhongjiahua Information Technology Co., Ltd. holds 11.17% of shares, totaling 60,961,650 ordinary shares, with 20,320,550 shares pledged[88]. - Jinan Development State-owned Industrial Asset Management Co., Ltd. holds 9.09% of shares, totaling 49,593,600 ordinary shares, with 16,531,200 shares frozen[88]. - The total number of restricted shares at the end of the period was 175,273, with 58,424 shares released during the period[86]. - The total increase in restricted shares for executives was 58,424, with individual increases ranging from 3,375 to 26,531 shares[86]. - The total number of shares held by executives at the end of the period was 233,700, with an increase of 77,900 shares during the reporting period[96]. Compliance and Governance - The company confirmed that there were no major litigation or arbitration matters during the reporting period[63]. - The company has not engaged in any significant related party transactions during the reporting period[66]. - The company has established an ISO14001 environmental management system and has not encountered any major environmental incidents during the reporting period[77]. - The company has committed to not engaging in any business that competes with its own operations in the future[60]. - The semi-annual financial report was not audited[102]. - The financial statements were prepared in accordance with the relevant accounting standards and reflect the company's financial position as of June 30, 2019[150]. Future Outlook - The overall financial performance indicates a cautious outlook for the remainder of the year, with a focus on maintaining profitability and managing costs[136]. - The company has plans for market expansion and new product development, although specific figures were not disclosed in the report[136].
东港股份(002117) - 2019 Q1 - 季度财报
2019-04-12 16:00
Financial Performance - The company's operating revenue for Q1 2019 was ¥440,330,821.12, representing an increase of 8.16% compared to ¥407,093,294.88 in the same period last year[8] - The net profit attributable to shareholders for Q1 2019 was ¥70,878,905.10, up 17.56% from ¥60,293,090.64 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥67,904,599.13, reflecting a 12.79% increase from ¥60,205,789.37 in the previous year[8] - The basic earnings per share for Q1 2019 was ¥0.1948, an increase of 17.56% compared to ¥0.1657 in the same period last year[8] - Total operating revenue for Q1 2019 was CNY 440,330,821.12, an increase of 8.1% compared to CNY 407,093,294.88 in Q1 2018[33] - Net profit for Q1 2019 reached CNY 71,310,168.93, representing a 18.7% increase from CNY 60,152,754.90 in Q1 2018[35] - The total comprehensive income attributable to the parent company was CNY 70,878,905.10, compared to CNY 60,293,090.64 in the same quarter last year, representing an increase of 17.5%[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,236,228,486.44, a decrease of 3.31% from ¥2,312,716,835.99 at the end of the previous year[8] - The company's current assets totaled CNY 1,254,962,763.23, down from CNY 1,331,885,341.19 at the end of 2018, reflecting a decrease of approximately 5.7%[26] - Total liabilities decreased from CNY 685,102,237.03 to CNY 537,151,813.02, a decline of about 21.6%[27] - The company's cash and cash equivalents dropped to CNY 64,966,854.53 from CNY 793,811,459.31, a decrease of approximately 91.8%[24] - Total assets as of March 31, 2019, amounted to CNY 2,141,581,331.16, down from CNY 2,253,495,089.66 at the end of 2018[31] - Current assets decreased to CNY 1,028,034,049.27 from CNY 1,148,642,968.89 at the end of 2018, a decline of 10.5%[31] - Total liabilities decreased to CNY 568,855,353.54 from CNY 724,817,100.55, a reduction of 21.5%[32] - The company's equity attributable to shareholders increased to CNY 1,572,725,977.62 from CNY 1,528,677,989.11, reflecting a growth of 2.9%[32] Cash Flow - The net cash flow from operating activities for Q1 2019 was -¥139,303,191.43, an improvement of 17.18% compared to -¥168,200,431.09 in the same period last year[8] - The cash flow from operating activities was negative at CNY -139,303,191.43, an improvement from CNY -168,200,431.09 in Q1 2018[42] - The net increase in cash and cash equivalents was -717,353,244.77, compared to -510,876,750.41 in the previous year, reflecting a worsening liquidity position[47] - The ending balance of cash and cash equivalents was 16,682,363.90, down from 80,494,560.99 at the end of the previous year[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,092[12] - The largest shareholder, Hong Kong Jiduo Group Co., Ltd., held 12.34% of the shares, amounting to 44,877,967 shares[12] Operational Costs - Total operating costs for Q1 2019 were CNY 359,382,504.45, up 6.0% from CNY 339,037,590.25 in the previous year[33] - The total operating expenses increased to CNY 206,818,004.10 from CNY 196,014,000.00 in the previous year, indicating a rise in operational costs[41] Research and Development - The company’s R&D expenses for Q1 2019 were CNY 18,545,291.28, down 11.3% from CNY 20,893,090.89 in Q1 2018[33] - The company reported a decrease in research and development expenses to CNY 8,019,073.82 from CNY 9,027,458.32 in the previous year, reflecting a reduction of 11.2%[36] Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥2,974,305.97 for the reporting period[9] - The company reported a significant increase in investment cash inflow, totaling CNY 734,254,641.41, compared to CNY 242,352,821.87 in the previous year[42] - The cash outflow from investment activities totaled 1,343,696,030.17, up from 665,447,699.20 year-over-year, leading to a net cash flow from investment activities of -609,441,388.46[46] Compliance and Governance - The company has committed to not reducing its shareholding in Donggang Co., Ltd. for 12 months starting from January 12, 2019[17] - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[19] - The company has not engaged in any competitive business with Donggang Security Printing Co., Ltd. as per its commitments[16] - There were no violations regarding external guarantees during the reporting period[18] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[48]
东港股份(002117) - 2018 Q4 - 年度财报
2019-03-11 16:00
Financial Performance - The company's operating revenue for 2018 was CNY 1,545,650,437.20, representing an increase of 8.13% compared to CNY 1,429,501,112.10 in 2017[18]. - The net profit attributable to shareholders for 2018 was CNY 256,767,604.63, which is a 10.63% increase from CNY 232,105,571.41 in 2017[18]. - The net profit after deducting non-recurring gains and losses was CNY 234,273,523.44, up 11.73% from CNY 209,673,433.26 in the previous year[18]. - The company's total assets at the end of 2018 were CNY 2,312,716,835.99, reflecting a growth of 3.39% from CNY 2,236,810,809.24 at the end of 2017[18]. - The basic earnings per share for 2018 was CNY 0.7058, an increase of 10.63% compared to CNY 0.6380 in 2017[18]. - The company achieved total revenue of CNY 1.546 billion, an increase of 8.13% compared to the previous year, and a net profit of CNY 257 million, up 10.63% year-on-year[35]. - The company reported a total of CNY 22,494,081.19 in non-recurring gains for 2018, slightly up from CNY 22,432,138.15 in 2017[24]. - The company reported a net profit of CNY 12,197,100 for the period[64]. - The total assets at the end of the reporting period amounted to CNY 10,147,570[64]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the fiscal year 2018, representing a growth of 15% compared to the previous year[143]. - Net profit increased to ¥257,652,499.72, a rise of 11.6% compared to ¥230,822,728.33 in the last period[198]. Dividends and Profit Distribution - The company plans to distribute a cash dividend of 7.00 RMB per 10 shares (including tax) and issue 5 bonus shares for every 10 shares held, based on a total of 363,777,614 shares[5]. - In 2018, the company distributed cash dividends of 254,644,329.80 yuan, representing 99.17% of the consolidated net profit attributable to shareholders[82]. - The company reported a profit distribution plan for 2018, which includes a cash dividend of 7.00 yuan per 10 shares and a bonus issue of 5 shares per 10 shares[83]. Business Operations and Strategy - The company has undergone several changes in its business scope, including the production and sales of various printing products and technology services, reflecting its adaptation to market demands[15]. - The company has undergone a change in its business scope in November 2018, expanding its operations to include RFID product development and sales[18]. - The company is transitioning from a traditional manufacturer to an information technology service provider, driven by the development of new business lines and increased service offerings[31]. - The company aims to enhance its competitive capabilities by focusing on electronic ticketing, new channel lottery sales, and document storage and digitization, leveraging advancements in information technology[75]. - The company is exploring diversified development directions and continuously developing new service content to meet the increasing demand for personalized services[70]. - The integration of comprehensive services with information technology is creating multi-layered service models, enhancing the value and market scale beyond traditional printing services[71]. - The company is focused on expanding its operations in the security printing and information technology sectors[138]. Risks and Challenges - The company faces risks from traditional business disruptions due to information technology, rising operational costs, and significant capital investment in emerging businesses[5]. - The printing business faced challenges due to rising raw material prices and slowing market demand, but the company adjusted its product structure to focus on high-margin products, maintaining stable performance[35]. - The company faces risks from traditional business impacts due to information technology and rising operational costs, with strategies in place to mitigate these risks[76]. Research and Development - The company has established four R&D centers in Beijing, Shanghai, Jinan, and Guangzhou, investing heavily in anti-counterfeiting, information technology, and blockchain, holding over 160 patents and 110 software copyrights[32]. - The company reported a 6.26% increase in R&D expenses, totaling ¥91,371,286.08, which represents 6.31% of the total revenue[51][52]. - The company has invested in R&D projects related to blockchain technology and electronic invoicing services, with a total R&D investment of ¥97,570,361.28[52]. Market and Clientele - The company serves major clients including banks, insurance companies, and government entities, with a sales network covering over 30 provinces and cities nationwide[26]. - Revenue from composite products grew by 62.82%, with a gross margin increase of 15.82%, becoming a key driver of the company's performance[36]. - The technical services segment, including document storage and electronic services, saw a revenue increase of 67.83%, serving major clients in banking, insurance, and government sectors[36]. Financial Management and Governance - The company has maintained a continuous relationship with the auditing firm for six years, with an audit fee of 950,000 yuan for the current period[94]. - The audit committee confirmed that the 2018 financial statements comply with accounting standards and accurately reflect the company's operational status, with no significant omissions or alterations[159]. - The company has a governance structure in place to protect shareholder rights and ensure fair information disclosure[113]. - The company has established independent financial accounting and management systems, with no cross-appointment of financial personnel with shareholder units[153]. Employee and Shareholder Information - The total number of shareholders at the end of the reporting period was 15,853, a decrease from 18,547 at the end of the previous month[125]. - The company has a total of 5 shareholders holding more than 5% of shares, with no single shareholder able to control the board of directors[128]. - The company has a professional composition of 957 production personnel, 275 sales personnel, 806 technical personnel, 50 financial personnel, and 155 administrative personnel[146]. - The company has implemented a targeted training program for new employees, in-service employees, and management personnel, focusing on various skills and company culture[148]. Future Outlook - The company provided a positive outlook for 2019, projecting a revenue growth of 10% to 1.32 billion RMB[144]. - New product launches are expected to contribute an additional 200 million RMB in revenue in 2019[143]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million RMB allocated for potential mergers[144].