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恒邦股份(002237) - 2018 Q1 - 季度财报
2018-04-17 16:00
Revenue Performance - Revenue for Q1 2018 was CNY 4,613,074,425.36, a decrease of 6.31% compared to CNY 4,923,881,947.54 in the same period last year[8]. Profitability - Net profit attributable to shareholders increased by 74.47% to CNY 122,912,921.61 from CNY 70,450,250.00 year-on-year[8]. - Net profit excluding non-recurring gains and losses rose by 88.06% to CNY 137,690,920.68 compared to CNY 73,215,366.43 in the previous year[8]. - Basic earnings per share increased by 75.00% to CNY 0.14 from CNY 0.08 in the same period last year[8]. - The net profit attributable to the parent company's shareholders increased by 74.47% year-on-year, mainly due to the rise in market prices of electrolytic copper, lead, and sulfuric acid by 4888.00 CNY/ton, 639.00 CNY/ton, and 123.01 CNY/ton respectively, leading to an increase in product gross margin[16]. - The net profit attributable to the shareholders of the listed company, excluding non-recurring gains and losses, increased by 88.06% year-on-year, driven by the same factors as the net profit increase[16]. - The expected net profit attributable to the shareholders of the listed company for the first half of 2018 is projected to be between 197.45 million CNY and 256.68 million CNY, representing a year-on-year increase of 0.00% to 30.00%[22]. - The significant increase in market prices for main products such as electrolytic copper, lead, and sulfuric acid compared to the same period last year is the primary reason for the expected profit increase[22]. Cash Flow - Net cash flow from operating activities increased by 91.51% to CNY 477,806,367.86 from CNY 249,487,740.41 year-on-year[8]. - The net cash flow from operating activities increased by 91.51% year-on-year, primarily due to a slowdown in the procurement pace of raw materials, which significantly reduced cash outflow for raw material purchases[16]. Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 13,061,698,634.40, an increase of 1.02% from CNY 12,930,336,639.57 at the end of the previous year[8]. - Net assets attributable to shareholders increased by 4.86% to CNY 4,411,775,347.97 from CNY 4,207,463,171.12 at the end of the previous year[8]. - The total number of shareholders at the end of the reporting period was 64,660[12]. - The largest shareholder, Yantai Hengbang Group Co., Ltd., holds 35.87% of the shares, totaling 326,603,866 shares[12]. Non-Recurring Items - The company reported non-recurring losses totaling CNY 14,777,999.07, primarily due to ineffective hedging losses and other non-operating income[9].
恒邦股份(002237) - 2017 Q4 - 年度财报
2018-04-17 16:00
Financial Performance - The company's operating revenue for 2017 was CNY 19,523,377,854.76, representing a 19.06% increase compared to CNY 16,397,424,177.50 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 360,956,311.18, a significant increase of 77.54% from CNY 203,315,113.75 in 2016[16] - The net profit after deducting non-recurring gains and losses was CNY 456,225,619.46, up 39.42% from CNY 327,228,303.21 in the previous year[16] - The net cash flow from operating activities reached CNY 695,361,164.70, marking a 167.67% increase from CNY 259,784,490.94 in 2016[16] - Basic earnings per share for 2017 were CNY 0.40, an increase of 81.82% compared to CNY 0.22 in 2016[16] - The total revenue for Shandong Hengbang Smelting Co., Ltd. in 2017 was 78.3 million, showing a significant increase compared to previous years[176] - The company reported a net profit margin of 10% for the fiscal year 2017, indicating strong operational efficiency[178] Assets and Liabilities - The total assets at the end of 2017 were CNY 12,930,336,639.57, a decrease of 2.67% from CNY 13,285,024,120.40 at the end of 2016[16] - The net assets attributable to shareholders increased by 10.27% to CNY 4,207,463,171.12 from CNY 3,815,761,428.27 in 2016[16] - The company's current liabilities due within one year decreased by 87.41% to CNY 138,236,375.8, primarily due to the repayment of corporate bonds[74] - The company's deferred tax liabilities decreased by 62.23% to CNY 9,604,578.48, mainly due to reduced trading losses impacting deferred tax liabilities[75] Production and Operations - The company achieved a gold production of 38.5 tons and silver production of 550.83 tons in 2017, with an electrolytic copper output of 144,300 tons[37] - The production volume for gold was 38.5 tons, up 4.95% from the previous year, while electrolytic copper production surged by 82.55% to 144,300 tons[45] - The company has a comprehensive recovery rate for complex multi-metal ores that is leading in the industry, significantly improving recovery efficiency and rates through advanced processing technologies[34] - The company’s production lines have a capacity of 50 tons of gold and 700 tons of silver annually, with a by-product capacity of 1 million tons of sulfuric acid[37] Research and Development - The company invested 3% of its revenue in R&D, resulting in 8 invention patents and 12 utility model patents, including a method for extracting platinum and palladium from copper anode mud[35] - The number of R&D personnel increased by 20.10% to 490, reflecting the company's commitment to innovation[66] - The company has allocated 10% of its annual budget towards research and development for new technologies in smelting processes[182] Market and Sales - The company plans to expand its market presence by entering two new provinces in 2018, aiming for a 20% growth in sales volume[180] - The revenue from electrolytic copper constituted 31.70% of total operating revenue, reflecting a year-on-year growth of 101.94%[49] - The company plans to continue expanding its market presence and enhance product sales to improve operational efficiency[52] Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 1.00 per share, totaling CNY 91.04 million, based on the 2017 net profit of CNY 360.96 million[95] - The cash dividend distributed in 2017 represented 25.22% of the net profit attributable to shareholders of the listed company, which was 360,956,311.18 yuan[97] - The total distributable profit for 2017 was 2,020,621,015.83 yuan, with the cash dividend accounting for 100% of the profit distribution[98] Environmental and Safety Compliance - Environmental protection measures are in place, with all pollutants meeting national standards and no environmental incidents reported[140] - The company has implemented pollution control measures to ensure no exceedance of emission limits across all monitored pollutants[144] - The company has a comprehensive emergency response plan for environmental incidents, which was revised and filed with the local environmental protection bureau in June 2017[151] Corporate Governance - The company has established a comprehensive corporate governance structure to protect the rights of shareholders and creditors[134] - The board of directors consists of 9 members, including 3 independent directors with expertise in industry, finance, and law, meeting regulatory requirements[199] - The company strictly followed information disclosure regulations, ensuring timely and accurate communication with investors through various channels[200] Future Outlook - The company plans to achieve total revenue of CNY 22.5 billion in 2018, representing a 15.25% increase from CNY 19.52 billion in 2017[89] - The net profit target for 2018 is CNY 425 million, which is a 19.11% increase from CNY 356.82 million in 2017[89] - The company intends to further develop its core business in gold smelting while leveraging its multi-metal recovery capabilities[88]
恒邦股份(002237) - 2014 Q1 - 季度财报
2014-04-28 16:00
山东恒邦冶炼股份有限公司 2014 年第一季度报告正文 证券代码:002237 证券简称:恒邦股份 公告编号:2014-020 山东恒邦冶炼股份有限公司 2014 年第一季度报告正文 2014 年 4 月 1 山东恒邦冶炼股份有限公司 2014 年第一季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人曲胜利先生、主管会计工作负责人张克河及会计机构负责人(会 计主管人员)孙磊声明:保证季度报告中财务报表的真实、准确、完整。 2 山东恒邦冶炼股份有限公司 2014 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | (%) | | 营业收入(元) | 2,888,796,686.30 ...
恒邦股份(002237) - 2013 Q4 - 年度财报
2014-04-24 16:00
Financial Performance - The company's operating revenue for 2013 was CNY 11,842,671,700, an increase of 12.32% compared to CNY 10,543,831,106 in 2012[26] - The net profit attributable to shareholders for 2013 was CNY 233,811,166.13, representing a decrease of 19.46% from CNY 290,314,087.84 in 2012[26] - The net profit after deducting non-recurring gains and losses was CNY 89,695,595.99, down 66.73% from CNY 269,623,058.98 in the previous year[26] - Basic earnings per share for 2013 were CNY 0.51, a decrease of 20.31% from CNY 0.64 in 2012[26] - The company achieved a net profit of CNY 233,811,166.13, a decrease of 19.46% compared to the previous year[30] - Total revenue for the year was CNY 1,184,267.17 million, representing a growth of 12.31% year-on-year[35] - Operating profit decreased by 18.42% to CNY 26,783.98 million[35] - The company’s main business revenue increased by 3.95% to CNY 1,070,072.54 million, driven by higher gold production despite falling prices[41] Cash Flow and Assets - The net cash flow from operating activities was CNY -370,015,945.6, an improvement of 52.17% compared to CNY -773,680,386.1 in 2012[26] - Total assets at the end of 2013 were CNY 11,302,071,847, an increase of 11.2% from CNY 10,163,996,593 at the end of 2012[26] - The net cash flow from operating activities decreased by 52.17% year-on-year, primarily due to a reduction in the increase of raw material reserves[55] - The net cash flow from financing activities decreased by 36.81% year-on-year, mainly due to the issuance of corporate bonds in the previous period[55] - Total operating cash inflow increased by 11.85% year-on-year, reaching approximately 12.83 billion yuan[55] - Total operating cash outflow increased by 7.8% year-on-year, amounting to approximately 13.20 billion yuan[55] - The company reported a net decrease in cash and cash equivalents of approximately 254.61 million yuan, a significant decline of 315.32% year-on-year[55] Investments and R&D - Research and development expenses amounted to ¥42,884.39 million, a year-on-year increase of 27.54%[51] - The company obtained 12 valid patents, including 5 invention patents and 7 utility model patents, with 6 additional patents pending[52] - The company has developed new technologies for the efficient recovery of multiple elements from complex gold concentrates, achieving high recovery rates for gold, silver, copper, sulfur, and selenium[69] - The company has received multiple patents for its innovative technologies, including methods for extracting valuable metals from complex ores[69] Market and Sales - The total sales amount from the top five customers reached ¥7,700,921,184.92, accounting for 65.02% of the annual total sales[44] - The main supplier's total procurement amount from the top five suppliers was ¥2,960,695,700.64, representing 26.79% of the annual total procurement[49] - Sulfuric acid sales volume increased by 45.25% to 824,598.15 tons, reflecting expanded production capacity[42] - The inventory of silver and electrolytic copper increased by 462.24% and 177.58% respectively, due to changes in sales strategy[42] Strategic Plans and Goals - The company plans to enhance its gold smelting business and implement comprehensive recovery projects for precious metals[37] - The company aims to strengthen its core business in gold smelting and mining, focusing on complex gold concentrate recovery and increasing self-produced gold output as its strategic priorities[105] - The company plans to enhance its exploration and mining capabilities to secure a stable supply of gold concentrate, which is crucial for its production[106] - The company plans to focus on enhancing its main business and developing high-tech, high-value-added chemical projects as part of its future strategy[181] Risk Management - The company has detailed risk factors that may affect future development, which can be found in the board report section[15] - The company faces risks related to exploration and mining, including regulatory constraints and the unpredictability of resource discovery[106] Corporate Governance - The company has maintained a stable management team with no significant changes in key positions during the reporting period[200] - The company’s board of directors includes members with diverse backgrounds and experience in the industry, enhancing governance[198] - The company has a structured decision-making process for remuneration, involving the compensation and assessment committee[197] Shareholder Information - The total number of shareholders at the end of the reporting period was 51,670, an increase from 49,795 at the end of the previous reporting period[178] - The largest shareholder, Yantai Hengbang Group Co., Ltd., holds 42.53% of the shares, amounting to 193,600,000 shares, with no shares pledged[179] - The company reported a total of 63,000,000 shares held by directors and senior management at the beginning of the period, with a reduction of 7,950,000 shares, resulting in an ending total of 55,050,000 shares[189] Compliance and Audit - The company appointed Shandong Hexin Accounting Firm (Special General Partnership) as its auditor, with an audit fee of 600,000 RMB for the year[164] - The company has not faced any penalties or corrective actions during the reporting period[166] - The company has complied with all necessary procedures for the appointment of the new accounting firm[164]