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力合科创(002243) - 2019 Q1 - 季度财报
2019-04-23 16:00
Financial Performance - The company's operating revenue for Q1 2019 was ¥328,665,718.89, representing an increase of 11.51% compared to ¥294,753,563.22 in the same period last year[8]. - Net profit attributable to shareholders was ¥15,020,811.26, up 18.48% from ¥12,677,607.50 in the previous year[8]. - Basic earnings per share were ¥0.0412, reflecting an increase of 18.73% from ¥0.0347 in the previous year[8]. - Net profit for the current period was ¥16,499,237.66, representing a 17.7% increase from ¥14,009,352.61 in the previous period[70]. - The total comprehensive income attributable to the parent company was ¥15,020,811.26, up from ¥12,677,607.50, representing an increase of 18.5%[74]. - The net profit attributable to shareholders for the first half of 2019 is expected to range from 32 million to 45 million yuan, representing a year-on-year increase of 9.12% to 53.44%[40]. Cash Flow - The net cash flow from operating activities was ¥58,506,274.89, a significant increase of 599.17% compared to a negative cash flow of -¥11,720,654.90 in the same period last year[8]. - Cash flow from operating activities generated a net cash inflow of ¥58,506,274.89, compared to a net outflow of ¥11,720,654.90 in the previous period[85]. - Operating cash inflow from sales increased to ¥255,836,942.98, up from ¥208,268,102.00, representing a growth of approximately 22.7% year-over-year[89]. - Net cash flow from operating activities improved significantly to ¥41,766,637.49, compared to a net outflow of ¥17,569,980.63 in the previous period[89]. - Cash flow from other operating activities increased to ¥4,815,100.90 from ¥1,121,514.11, indicating a significant rise in related cash inflows[89]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,953,103,237.83, a decrease of 1.72% from ¥1,987,214,378.48 at the end of the previous year[8]. - The total current assets amounted to ¥868,687,586.42, a decrease of 1.52% from ¥884,023,577.79 on December 31, 2018[51]. - Total liabilities decreased from ¥362,524,209.85 to ¥311,913,831.54, a reduction of about 13.9%[53]. - The total equity increased from ¥1,624,690,168.63 to ¥1,641,189,406.29, reflecting a growth of approximately 1.01%[56]. - Long-term equity investments decreased by 33.94% compared to the beginning of the period, mainly due to losses from affiliated companies[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,797[12]. - The largest shareholder, Shenzhen Tongchan Group, held 51.52% of the shares, totaling 188,003,552 shares[12]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥2,967,730.61 during the reporting period[8]. - Other income increased by 89.61% compared to the same period last year, primarily due to an increase in government subsidies received[21]. - Other income increased to ¥1,146,514.69 from ¥817,297.47, showing a growth of 40.3%[78]. Operational Efficiency - The company aims to strengthen domestic and international market expansion while maintaining stable growth in customer orders and controlling internal costs to improve operational efficiency[40]. - The weighted average return on net assets was 0.96%, up from 0.84% in the previous year[8]. Research and Development - Research and development expenses for the current period were ¥14,509,702.79, compared to ¥13,370,355.38 in the previous period, indicating an increase of 8.5%[67]. - Research and development expenses for the current period were ¥5,598,342.39, slightly down from ¥5,718,318.09 in the previous period[75]. Investment Activities - The company plans to acquire 100% equity of Lihe Kechuang at an estimated asset value of 5.5 billion yuan, issuing shares at a price of 6.93 yuan per share[31]. - The total amount of funds raised through the issuance of shares will not exceed 500 million yuan, with the number of shares issued not exceeding 20% of the total share capital prior to the issuance[31]. Audit Information - The company did not conduct an audit for the first quarter report, indicating that the figures are unaudited[95].
力合科创(002243) - 2018 Q4 - 年度财报
2019-03-07 16:00
Financial Performance - The company reported a total revenue of 364,948,956 RMB for the year, with a cash dividend of 0.50 RMB per 10 shares distributed to all shareholders[8]. - The company's operating revenue for the year was ¥1,369,197,074.27, representing a year-over-year increase of 10.89%[27]. - The net profit attributable to shareholders was ¥82,101,507.86, reflecting an increase of 84.24% compared to the previous year[27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,057,596.23, up 95.11% year-over-year[27]. - The total profit for the year was CNY 97.97 million, representing a year-on-year growth of 58.19%[51]. - The company reported a basic earnings per share of ¥0.2250, an increase of 84.28% compared to the previous year[27]. - The company reported a gross margin of 22.76%, an increase of 0.39 percentage points from the previous year[57]. - The net profit attributable to shareholders for 2018 was RMB 82.101 million, representing a profit margin of 22.23%[115]. - The company reported a total profit of RMB 97.9663 million for the 2018 fiscal year, with a net profit attributable to shareholders of RMB 82.1015 million[116]. Cash Flow and Assets - The net cash flow from operating activities was ¥77,419,468.51, showing a 15.11% increase from the previous year[27]. - The total assets at the end of the year amounted to ¥1,987,214,378.48, which is a 3.06% increase compared to the previous year[30]. - The net assets attributable to shareholders reached ¥1,552,768,157.62, marking a 3.12% increase year-over-year[30]. - The company's cash flow from operating activities was CNY 77.42 million, a year-on-year increase of 15.11%[52]. - Operating cash inflow for 2018 was approximately ¥1.47 billion, an increase of 16.88% compared to ¥1.26 billion in 2017[75]. - Net cash flow from investment activities decreased by 56.85%, resulting in a net outflow of approximately ¥65.53 million in 2018 compared to ¥151.86 million in 2017[75]. - Total cash and cash equivalents decreased by approximately ¥22.12 million in 2018, an improvement of 76.94% from a decrease of ¥95.93 million in 2017[75]. - Accounts receivable increased to approximately ¥484.74 million in 2018, representing 24.39% of total assets, up from 22.06% in 2017[79]. - Inventory increased to approximately ¥207.94 million, accounting for 10.46% of total assets, compared to 9.26% in 2017[79]. Business Operations and Strategy - The company has not experienced any changes in its main business operations since its listing[26]. - The company emphasizes that forward-looking statements regarding development strategies and operational plans are subject to market fluctuations and do not constitute a substantive commitment to investors[8]. - The company focused on expanding its product offerings, including new aluminum-plastic composite hoses and PET bottles, achieving significant growth[41]. - The company implemented a dual-driven strategy of culture and technology to enhance its competitive edge in the cosmetic plastic packaging industry[43]. - The company is positioned to benefit from the expanding plastic packaging industry, particularly in cosmetics, food, and pharmaceuticals[99]. - The company is focusing on expanding its market presence and product offerings in response to industry trends[96]. - The company plans to achieve an operating income of 1.39 billion yuan and a net profit attributable to shareholders of 82.5 million yuan for the fiscal year 2019[105]. - The focus will be on expanding the product line to include plastic packaging for food, pharmaceuticals, and health products, while consolidating its position in the high-end cosmetics market[100]. Research and Development - The company filed 63 patent applications during the reporting period, with 42 patents granted, including 9 invention patents[45]. - The company’s R&D expenses reached CNY 72.73 million, reflecting a year-on-year increase of 14.62%[52]. - The company's research and development investment amounted to 72,732,004.93 yuan in 2018, a 14.62% increase from 63,455,190.05 yuan in 2017, representing 5.31% of operating revenue[72]. - The company aims to enhance its R&D capabilities by developing eco-friendly materials and new packaging products, with an emphasis on patent applications and intellectual property protection[101]. Acquisitions and Investments - The company has a total of 100% equity acquisition plans for Shenzhen Qingyan Investment Holding Co., Ltd. and Lihe Kechuang Group Co., Ltd.[17]. - The company acquired Shenzhen 863 New Materials Technology Co., enhancing its innovation capabilities and technical resources[45]. - The company completed the transfer of 100% equity of Shenzhen 863 New Materials Technology Co., Ltd., impacting the current consolidated net profit by CNY 1,045,018.80[175]. - The company is in the process of acquiring 100% equity of Lihe Kexin Group Co., Ltd. through a share issuance, which constitutes a related party transaction[179]. - The acquisition is subject to approval from the board of directors, shareholders, and regulatory authorities, introducing uncertainty regarding the timeline for approvals[180]. Corporate Governance and Compliance - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[6]. - The company has committed to timely providing relevant information related to the restructuring, ensuring its authenticity and accuracy[120]. - The company guarantees compliance with information disclosure obligations and will actively cooperate with the Shenzhen Stock Exchange[143]. - The company has committed to strict compliance with all regulations and has not encountered any violations of its commitments[134]. - The company has ensured that all public commitments made are strictly fulfilled without unauthorized changes or cancellations[143]. Shareholder Relations and Dividends - The company maintained a stable cash dividend policy, distributing a cash dividend of RMB 0.50 per 10 shares, totaling RMB 18.247 million for the 2017 fiscal year[111]. - For the 2018 fiscal year, the company plans to distribute the same cash dividend of RMB 0.50 per 10 shares, amounting to RMB 18.247 million, with undistributed profits carried forward to future years totaling RMB 37.078 million[112]. - The company's total distributable profit for 2018 is RMB 389.031 million, with cash dividends accounting for 100% of the total profit distribution[116]. - The cash dividend policy has not been adjusted or changed during the reporting period, ensuring compliance with regulations and shareholder interests[111]. Market Conditions - The cosmetics market in China is experiencing rapid growth, with increasing consumer spending and a shift towards online sales channels[96]. - The company anticipates challenges in the competitive landscape of the cosmetics packaging market, with increased competition from both international and domestic players[106]. - The company will closely monitor raw material price fluctuations, particularly for PE and PP, and implement strategies to mitigate risks associated with these price changes[106].
力合科创(002243) - 2014 Q1 - 季度财报
2014-04-22 16:00
Financial Performance - The company's operating revenue for Q1 2014 was ¥268,603,164.22, representing a 4.53% increase compared to ¥256,964,336.88 in the same period last year[8]. - Net profit attributable to shareholders decreased by 75.18% to ¥3,899,180.30 from ¥15,709,923.79 year-on-year[8]. - The net profit after deducting non-recurring gains and losses fell by 91.76% to ¥1,189,365.12 from ¥14,434,253.05 in the previous year[8]. - Basic and diluted earnings per share dropped by 82.43% to ¥0.0107 from ¥0.0609 year-on-year[8]. - Total profit, net profit attributable to shareholders, and earnings per share decreased by 74.31%, 75.18%, and 82.43% respectively compared to the same period last year, mainly due to order structure adjustments and rising labor costs[17]. - The net profit attributable to shareholders for the first half of 2014 is expected to be between 675.44 thousand yuan and 2,364.03 thousand yuan, representing a decrease of 30% to 80% compared to the same period in 2013[48]. - The net profit for the first half of 2013 was 3,377.18 thousand yuan, indicating a significant decline in performance year-over-year[48]. Cash Flow - The net cash flow from operating activities increased by 42.74% to ¥25,761,404.51 compared to ¥18,047,518.82 in the same period last year[8]. - Net cash flow from operating activities increased by 42.74% compared to the same period last year, primarily due to increased sales collections[17]. - Net cash flow from investing activities increased by 92.01% compared to the same period last year, mainly due to the maturity of purchased financial products[17]. - Net cash flow from financing activities increased by 79.70% compared to the same period last year, primarily due to reduced debt repayment[17]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,999,123,029.95, down 1.51% from ¥2,029,808,197.05 at the end of the previous year[8]. - Net assets attributable to shareholders increased slightly by 0.26% to ¥1,489,740,480.35 from ¥1,485,841,300.05 at the end of the previous year[8]. - Accounts receivable decreased by 48.33% compared to the beginning of the period, mainly due to a reduction in bank acceptance bills not yet due[17]. - Other current assets decreased by 31.97% compared to the beginning of the period, primarily due to the maturity of purchased financial products[17]. - Interest payable increased by 100% compared to the beginning of the period, mainly due to interest accrued on entrusted loans from subsidiaries[17]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,705[11]. - The largest shareholder, Shenzhen Tongchan Group, holds 51.52% of the shares, totaling 188,003,552 shares[11]. Investment Activities - Investment income increased by 64,293.54% compared to the same period last year, mainly due to increased returns from purchased financial products[17]. - The company invested RMB 50 million in a wealth management product with a yield of 5.1%, which matured on January 22, 2014, returning the principal and RMB 831,369.86 in earnings[35]. - The company purchased a wealth management product for RMB 57 million with a net annualized return of 4.60%, which matured on January 15, 2014, returning the principal and RMB 646,520.55 in earnings[36]. - The company invested RMB 40 million in a guaranteed income wealth management product with a net annualized return of 4.05%, which matured on January 13, 2014, returning the principal and RMB 142,027.40 in earnings[37]. - The company purchased another wealth management product for RMB 40 million with a yield of 4.90% for a term of 63 days, maturing on March 20, 2014, returning the principal and RMB 338,301.37 in earnings[38]. - The company invested RMB 60 million in a wealth management product with a net annualized return of 4.40% for a term of 60 days, maturing on March 17, 2014, returning the principal and RMB 433,972.60 in earnings[38]. - The company invested RMB 50 million in a wealth management product with a yield of 5.00%, resulting in a return of RMB 410,958.90 upon maturity[39]. - The company allocated RMB 60 million to a structured deposit product with an expected return of RMB 507,550.68, maturing on May 19, 2014[39]. - A total of RMB 40 million was invested in a guaranteed return wealth management product with an annual yield of 4.10%, expected to yield RMB 283,068.49 by May 23, 2014[40]. Operational Challenges - The decline in performance is attributed to an adjustment in the order structure of main packaging materials and filling products, leading to unsaturated overall orders[48]. - Rising labor costs and depreciation expenses in the second quarter of 2014 have negatively impacted sales gross margin[48]. Compliance and Governance - The company guarantees strict compliance with relevant laws and regulations, ensuring the protection of shareholder interests[46]. - The company has committed to not engaging in any illegal activities that could harm the company or its shareholders[46]. - The company is focused on maintaining its independence and integrity in operations, finance, and assets[46]. - The company is committed to timely and accurate information disclosure, actively cooperating with regulatory requirements[46]. - The company has not engaged in any securities investments during the reporting period, with no holdings or gains reported[49]. - The company has not reported any significant changes in its securities investment status during the reporting period[49].
力合科创(002243) - 2013 Q4 - 年度财报
2014-03-19 16:00
Financial Performance - The company achieved operating revenue of CNY 1,135,602,713.72 in 2013, representing a growth of 7.5% compared to the previous year[28]. - The net profit attributable to shareholders was CNY 61,071,299.47, a decrease of 18.91% from the previous year[28]. - The net profit after deducting non-recurring gains and losses was CNY 53,518,031.44, down 18.49% year-on-year[28]. - The net cash flow from operating activities increased by 32.89% to CNY 126,473,462.31[28]. - The basic earnings per share decreased by 36.46% to CNY 0.1854[28]. - Total assets at the end of 2013 were CNY 2,029,808,197.05, an increase of 46.16% from the previous year[28]. - The net assets attributable to shareholders rose by 100.18% to CNY 1,485,841,300.05[28]. - The company reported a significant increase in cash and cash equivalents, reaching 306.51 million yuan, up 158.75% year-on-year[37]. - The company achieved operating revenue of 1,135.60 million yuan, a year-on-year increase of 7.50%[37]. - The company reported a significant focus on brand extension, product variety extension, and business area extension in the first half of the year, with new highlights in these areas[128]. Dividend Policy - The company plans to distribute a cash dividend of 0.30 RMB per 10 shares to all shareholders based on the total share capital as of December 31, 2013[4]. - The company plans to distribute a cash dividend of RMB 0.30 per 10 shares, totaling RMB 10,948,468.68, subject to shareholder approval[99]. - In 2013, the company's net profit attributable to shareholders was RMB 61,071,299.47, with a cash dividend payout ratio of 17.93%[100]. - The total distributable profit for 2013 was RMB 146,510,681.33, with cash dividends accounting for 100% of the profit distribution[101]. Market Risks and Competition - The company is facing risks from a slow growth rate in the consumer market and increased competition from both international and domestic cosmetic packaging companies[13]. - The competitive landscape intensified with the emergence of domestic brands and diverse marketing models[36]. - The company reported a significant impact from the appreciation of the RMB, leading to export exchange rate losses[36]. - The company recognizes the growing market for cosmetic packaging in China, which is becoming a major procurement hub globally[90]. - The company is actively exploring market expansion opportunities, particularly in the food and cosmetics packaging sectors[106]. Technological Innovation and R&D - The company is investing in technological innovation to enhance core competitiveness and optimize domestic production bases to maintain market share[14]. - The company emphasizes the importance of research and development to increase product value and offset risks from currency fluctuations[16]. - R&D expenditure increased by 9.40% to 57.36 million yuan, with a total of 44 patents applied for in 2013[37]. - The company has a strong focus on R&D, ensuring sustainable development through continuous investment in innovation and technology[64]. - The company is actively engaging in research and development, with inquiries about R&D expenses indicating a commitment to innovation[113]. Operational Efficiency and Cost Management - The company faced increased manufacturing costs and a decline in profit margins due to rising labor and material costs[36]. - The company reduced labor costs through a "reducing staff and increasing efficiency" initiative, resulting in a significant decrease in average workforce while maintaining a 7.5% output growth[39]. - The company plans to continue implementing lean production strategies to reduce manufacturing costs[97]. - The company is actively managing its operating costs, particularly in relation to labor costs, to mitigate impacts on profitability[127]. - The company is committed to improving operational efficiency to better absorb the increased production capacity from new investment projects[122]. Investment and Expansion Projects - The company is expanding its manufacturing capabilities through projects in Suzhou and Guangzhou to enhance production scale and location advantages[14]. - The total committed investment for the Guangzhou Liying technical transformation project is CNY 158.59 million, with an actual investment of CNY 36.18 million, achieving 22.81% of the planned investment progress[80]. - The Suzhou Tongchan Lixing construction project has a total committed investment of CNY 187.16 million, with an actual investment of CNY 57.95 million, reaching 30.96% of the planned investment progress[80]. - The company plans to continuously expand production capacity over the next three years as part of its future business development strategy[107]. - The company is exploring measures to digest the newly raised investment projects and their associated production capacity[110]. Financial Management and Funding - The company has a corporate income tax rate of 15% due to its status as a high-tech enterprise, which may be affected by changes in relevant laws and regulations[18]. - The company has established various management systems, including QMS and HACCP, enhancing its internal management capabilities and aligning with international standards[66]. - The company raised between RMB 210 million and RMB 371 million through a private placement, with a final subscription price of RMB 6.66 per share for 55.04 million shares, totaling RMB 366.5664 million[148]. - The company completed a private placement of 10,688,000 shares at a price of RMB 6.66 per share, raising a total of RMB 711.82 million, with a net amount of RMB 690.26 million after deducting issuance costs of RMB 21.56 million[195]. - The company has committed to strict compliance with regulatory requirements, ensuring the integrity of its financial reporting[188]. Corporate Governance and Compliance - The company has maintained strict adherence to legal regulations and has not violated any commitments regarding information disclosure and corporate governance[186]. - The company has committed to ensuring the independence of its operations and financials, preventing any misuse of shareholder rights[186]. - The company has not engaged in any insider trading or market manipulation activities, ensuring compliance with regulatory standards[186]. - The company has guaranteed timely and accurate disclosure of all significant information affecting investors[186]. - The company has agreed to accept supervision from the Shenzhen Stock Exchange and will respond promptly to inquiries[186].