DOUBLE ARROW(002381)

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双箭股份(002381) - 2021年11月2日投资者关系活动记录表
2022-11-21 15:42
Group 1: Raw Material Impact - The increase in raw material prices has led to a rise in production costs, negatively affecting the company's gross margin and resulting in a decline in net profit [2] - There is a partial ability to pass on the increased raw material costs to downstream customers, but this process has a certain lag [2] Group 2: Industry Insights - The gross margins of major competitors in the industry are expected to be relatively similar [3] - The market concentration in the conveyor belt industry is low, with the top five companies holding approximately 30% market share [3] Group 3: Product and Market Strategy - The main product structure of the company's energy-saving products consists primarily of ordinary conveyor belts [3] - Conveyor belt transportation is more efficient than truck transportation, although initial investment is higher; overall transportation costs will be lower after 4 to 5 years [3] - The company aims to explore both the replacement of existing markets and the development of new markets [3] Group 4: Regulatory and Financial Updates - The company is currently awaiting approval from the China Securities Regulatory Commission for its convertible bond issuance [3]
双箭股份(002381) - 2022年5月9日投资者关系活动记录表
2022-11-19 01:30
Group 1: Financial Performance - The company's net profit attributable to shareholders decreased by 52.82% in 2021, with a gross margin decline of 11.93% due to rapid increases in raw material prices that could not be fully passed on to product prices [3] - The company reported a foreign sales revenue of 334 million, primarily to Europe and Asia, with the main settlement currency being USD [4][5] - The company anticipates a 15% growth in current orders compared to the same period last year [10] Group 2: Raw Material and Pricing Issues - The price of natural rubber (standard rubber) dropped from 13,700 CNY/ton on December 31, 2021, to 12,400 CNY/ton on April 26, 2022, but remains high compared to 2019 and 2020 [3] - The company indicated that the transmission of raw material price increases to product prices typically experiences a lag of about one quarter [6] - The company has raised product prices in response to raw material price hikes, but the order-based production model results in a delay in price adjustments [9] Group 3: Production Capacity and Expansion - The company plans to expand its production capacity to 75 million square meters per year, including a project for 15 million square meters of high-strength energy-saving conveyor belts and another for 60 million square meters [4] - The construction of the new production base is expected to take approximately 36 months [5] - The company aims to achieve a production capacity of 150 million square meters by the end of the 14th Five-Year Plan [8] Group 4: Market Position and Strategy - The company holds a market share of approximately 13% in the conveyor belt industry, with plans to double its market size by the end of the 14th Five-Year Plan [7] - The company is focusing on developing intelligent conveyor belt projects, which are expected to enhance profit margins [7] - The company emphasizes its competitive advantages in quality, price, and lifespan, particularly in high-tech energy-saving conveyor belts [10] Group 5: Diversification and New Ventures - The company is gradually expanding into the elderly care sector, which currently represents a small portion of its overall business [3] - The elderly care business is seen as a long-term strategic growth area, with plans to develop facilities in the Yangtze River Delta region [10] - The company has established partnerships with various professional institutions to innovate in smart conveyor systems [9]
双箭股份(002381) - 2022 Q2 - 季度财报
2022-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥1.067 billion, representing a 26.92% increase compared to ¥841 million in the same period last year[21]. - The net profit attributable to shareholders decreased by 37.84% to approximately ¥57.87 million, down from ¥93.11 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was approximately ¥55.20 million, a decrease of 32.36% from ¥81.60 million year-on-year[21]. - The basic earnings per share fell by 39.13% to ¥0.14, compared to ¥0.23 in the same period last year[21]. - The total assets of the company increased by 20.95% to approximately ¥3.39 billion, up from ¥2.80 billion at the end of the previous year[21]. - The weighted average return on net assets decreased to 2.99%, down from 4.66% in the previous year[21]. - The net cash flow from operating activities was approximately ¥56.20 million, a decline of 13.93% from ¥65.30 million in the same period last year[21]. Industry Context - The company primarily engages in the research, production, and sales of rubber conveyor belts, which are widely used in industries such as power, ports, metallurgy, and mining[29]. - The rubber conveyor belt industry is facing challenges such as high raw material costs, intensified market competition, and prolonged capital turnover cycles[37]. - The company is a leading enterprise in the domestic rubber conveyor belt market and has been recognized as one of the top ten conveyor belt companies in China for several consecutive years[36]. - The industry is expected to shift towards high-quality development during the "14th Five-Year Plan" period, with a focus on energy efficiency and environmental protection[31]. - The geopolitical conflicts and inflationary pressures have created a challenging economic environment for the conveyor belt industry[37]. Business Strategy - The company plans not to distribute cash dividends or issue bonus shares[5]. - The company is actively pursuing direct sales relationships with foreign mining enterprises to enhance its export business[35]. - The company aims to transition from a conveyor belt manufacturer to a comprehensive solution provider for material handling systems, while also expanding into the elder care industry[40]. - The company plans to enhance its main business in conveyor belts, aiming to achieve a production capacity of over 150 million square meters by the end of the 14th Five-Year Plan[40]. - The company has established strategic partnerships with various domestic and international institutions to enhance its R&D capabilities and product innovation[40]. Financial Management - The company reported a significant increase in cash flow from financing activities, amounting to ¥409,865,936.24, a 337.17% rise due to the issuance of convertible bonds[43]. - The company has committed to an investment project with a total investment of CNY 513.64 million, of which CNY 506.56 million has been raised[65]. - The company has a remaining balance of CNY 200 million from the convertible bond funds, which is held in fixed deposits[66]. - The company plans to use cash flow from operations and bank financing to manage future debt repayments[140]. Environmental and Social Responsibility - The company has implemented a comprehensive energy management system, ensuring compliance with energy measurement standards and achieving monthly energy consumption analysis[86]. - The company has installed a distributed photovoltaic solar power generation system with a total installed capacity of 1,945 kW, generating an annual output of 2.5 million kWh[89]. - The company has achieved a wastewater discharge of 74,800 tons per year, with a total pollutant discharge of 19,224.5 tons per year, all within regulatory limits[86]. - The company emphasizes social responsibility, ensuring the protection of shareholder and creditor rights while engaging in environmental protection and charitable activities[90]. - The company actively engages in environmental protection and sustainable development, prioritizing energy conservation and emissions reduction in its operations[92]. Risk Management - The company has highlighted potential risks and countermeasures in its management discussion section, emphasizing the importance of risk awareness for investors[4]. - The company has identified risks related to raw material price volatility, particularly for rubber and carbon black, which could impact profitability[72]. - The company faced uncertainties regarding future export business due to the ongoing global pandemic situation[70]. - In the first half of 2022, the company faced significant risks due to geopolitical conflicts and global inflation, which could lead to a decline in customer orders and operational performance[71]. Shareholder Information - The total number of shares is 411,572,264, with 21.76% being limited shares and 78.24% being unrestricted shares[119]. - The company completed a cash dividend distribution of 2.00 RMB per 10 shares, with the total share capital being 411,572,264 shares[136]. - The major shareholders include Yu Bingying with 22,611,200 shares (5.49%) and Shen Gengliang with 21,527,573 shares (20.92%)[124]. - The company has not reported any changes in the number of shares held by major shareholders during the reporting period[123]. Accounting and Reporting - The financial statements are prepared in accordance with the enterprise accounting standards, reflecting the company's financial position, operating results, and cash flows accurately[190]. - The company has not reported any significant changes in its accounting policies or financial reporting standards during the reporting period[22]. - The company uses Renminbi as the functional currency for all subsidiaries except for Double Arrow Australia Pty Ltd, which uses Australian dollars[193]. - The company consolidates all subsidiaries under its control into the consolidated financial statements, following the relevant accounting standards[195].
双箭股份(002381) - 2022 Q1 - 季度财报
2022-04-28 16:00
Financial Performance - The company's operating revenue for Q1 2022 was ¥480,555,212.38, representing a 27.62% increase compared to ¥376,550,948.14 in the same period last year[4] - The net profit attributable to shareholders decreased by 43.83% to ¥32,481,466.34 from ¥57,830,792.20 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥30,158,159.04, down 40.59% from ¥50,764,360.14 in the previous year[4] - The basic earnings per share decreased by 42.86% to ¥0.08 from ¥0.14 in the same period last year[4] - Net profit for the quarter was ¥32,308,911.15, a decrease from ¥57,671,610.08 in the same period last year, representing a decline of approximately 44%[24] - Earnings per share (EPS) for the quarter was ¥0.08, down from ¥0.14 in the previous year[26] - The company reported a total comprehensive income of ¥32,301,205.16, down from ¥57,612,347.41 in the same quarter last year[26] Assets and Liabilities - The company's total assets increased by 19.74% to ¥3,356,058,573.03 from ¥2,802,759,047.80 at the end of the previous year[4] - Total current assets increased to CNY 2,301,225,443.25 from CNY 1,728,313,950.18, representing a growth of approximately 33%[20] - Total liabilities increased to CNY 1,381,369,109.02 from CNY 883,481,120.25, reflecting a rise of approximately 56%[21] - The company’s non-current assets totaled CNY 1,054,833,129.78, slightly down from CNY 1,074,445,097.62[20] Cash Flow - Cash flow from operating activities increased by 25.11% to ¥77,212,751.26 compared to ¥61,713,544.23 in the previous year[4] - Cash flow from operating activities totaled ¥445,745,526.21, compared to ¥358,120,375.56 in the prior period[28] - The net cash flow from operating activities for Q1 2022 was CNY 77,212,751.26, an increase of 25.00% compared to CNY 61,713,544.23 in Q1 2021[29] - The total cash inflow from financing activities was CNY 521,003,600.00, significantly higher than CNY 18,280,000.00 in the same period last year[29] - The total cash and cash equivalents at the end of Q1 2022 reached CNY 1,052,867,830.38, up from CNY 757,656,439.78 at the end of Q1 2021, representing an increase of 38.87%[30] - The net increase in cash and cash equivalents for Q1 2022 was CNY 566,816,476.47, compared to CNY 61,173,805.37 in Q1 2021, indicating a substantial growth[30] Operating Costs and Expenses - The operating costs increased by 43.23%, primarily due to higher costs and sales volume of conveyor belts[10] - Total operating costs amounted to ¥445,367,640.59, up from ¥322,845,456.35 year-over-year[23] - The company paid CNY 66,190,989.64 to employees in Q1 2022, which is an increase from CNY 56,340,750.48 in Q1 2021[29] - The company incurred tax payments of CNY 26,052,060.89 in Q1 2022, up from CNY 22,828,199.51 in the same quarter last year[29] - Research and development expenses for the quarter were ¥11,342,505.94, slightly down from ¥12,091,998.55 in the previous year[23] Investment Income - The company reported a decrease in investment income by 106.77% due to lower returns from previous investments[10] - The company experienced a decrease in investment income, reporting a loss of ¥411,420.87 compared to a gain of ¥6,078,497.20 in the previous period[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 30,674[15] - The largest shareholder, Shen Gengliang, holds 20.92% of shares, amounting to 86,110,293 shares, with 64,582,720 shares pledged[15] Inventory and Receivables - Inventory increased to CNY 474,216,897.68 from CNY 421,549,932.22, showing a growth of about 12.5%[20] - Accounts receivable rose to CNY 503,685,743.77 from CNY 476,209,615.56, an increase of approximately 5.5%[20] Financing Activities - The company issued convertible bonds, resulting in a significant increase in cash flow from financing activities[12] - The company issued convertible bonds on February 11, 2022, which were approved by the China Securities Regulatory Commission[17] - The company reported a cash outflow of CNY 12,520,950.11 from financing activities in Q1 2022, compared to CNY 111,318.33 in the previous year[29]
双箭股份(002381) - 2021 Q4 - 年度财报
2022-04-22 16:00
Financial Performance - The company's operating revenue for 2021 was CNY 1,916,218,041.84, an increase of 5.80% compared to CNY 1,811,149,393.46 in 2020[24]. - The net profit attributable to shareholders of the listed company decreased by 52.82% to CNY 148,828,753.63 from CNY 315,417,604.33 in 2020[24]. - Basic earnings per share fell by 53.25% to CNY 0.36 from CNY 0.77 in 2020[24]. - The company's operating revenue for 2021 reached 1.916 billion yuan, a year-on-year growth of 5.80%, while operating profit decreased by 52.00% to 182.78 million yuan[53]. - The total revenue for Zhejiang Double Arrow Rubber Co., Ltd. in 2021 was 47,620.1 million CNY, representing an increase of 11.50% compared to the previous year[89]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was CNY 115,377,963.04, down 61.39% from CNY 298,808,478.09 in 2020[24]. - The revenue from the hose and tape segment was ¥1,870,343,674.57, accounting for 97.61% of total revenue, with a year-on-year growth of 5.22%[60]. - The gross margin improved to 30% in 2021, up from 28% in 2020, due to cost optimization strategies[126]. Production and Capacity - The company has successfully implemented a "14th Five-Year" plan, with production capacity expected to double, reaching approximately 150 million square meters annually once all planned capacities are operational[4]. - The company has achieved a production capacity of 75 million square meters per year for conveyor belts, with a utilization rate of 96.73%[46]. - In 2021, the company produced 65.29 million square meters of various conveyor belts, an increase of 14.08% year-on-year, and sold 63.27 million square meters, up 8.88% year-on-year[53]. - The company plans to increase its conveyor belt production capacity to over 150 million square meters by the end of the 14th Five-Year Plan[96]. Market Position and Strategy - The company’s domestic market share is currently around 13%, with expectations to double this during the "14th Five-Year" period due to increased production capacity and market consolidation[5]. - The company focuses on product innovation and international expansion, aiming to enhance its market share and capacity in response to conveyor belt market demands[37]. - The company has established itself as a leading enterprise in the rubber conveyor belt sector, recognized as one of the top ten conveyor belt companies in China for several consecutive years[37]. - The company aims to enhance its market share by promoting new products and expanding sales channels, particularly in the long-distance conveyor belt projects[97]. - The company is actively developing smart material handling systems, integrating industrial internet technologies to enhance operational efficiency and support carbon neutrality goals[37]. Research and Development - The company holds 112 patents in rubber conveyor belt technology, indicating strong R&D capabilities[46]. - Research and development expenses in 2021 amounted to ¥58,867,402.93, an increase of 9.07% compared to ¥53,973,746.03 in 2020[74]. - The number of R&D personnel increased by 70.59% from 68 in 2020 to 116 in 2021, with R&D personnel accounting for 6.31% of the total workforce[74]. - The company is focusing on innovation and R&D to develop new products tailored to market demands, including specialized conveyor belts[96]. - The company plans to invest 700 million yuan to establish a second production base for conveyor belts in Zhejiang, focusing on smart manufacturing and project construction[54]. Challenges and Risks - The company faced challenges due to global pandemic impacts, inflation trends, and rising raw material prices, affecting its operations[34]. - The company is exposed to raw material price volatility, particularly for rubber and other key inputs, which could affect profitability if prices rise significantly[102]. - The company acknowledges macroeconomic instability as a risk, with potential impacts on demand for its products in coal, power, and steel industries, which are closely tied to economic fluctuations[101]. - The company faces risks from the ongoing COVID-19 pandemic, which may impact future export business due to global uncertainties[101]. Corporate Governance - The company maintained a strong governance structure, ensuring compliance with relevant laws and regulations, and received no administrative penalties during the reporting period[110]. - The board of directors consists of nine members, including three independent directors, meeting the legal requirements[111]. - The company has established an internal audit system to enhance operational control and ensure effective oversight of financial conditions[111]. - The company respects and protects the rights of all stakeholders, promoting balanced interests among shareholders, employees, and society[111]. Environmental and Social Responsibility - The company emphasizes a low-carbon approach in its design, manufacturing, and services to align with national policies and market trends[96]. - The company has implemented advanced energy management practices, including monthly energy consumption analysis, to support energy-saving initiatives[165]. - The company actively engages in social responsibility initiatives, including donations for education and poverty alleviation, contributing to community welfare[171]. - The company has set up a dedicated energy management team and established energy measurement management systems to enhance efficiency[165]. Employee Management - The total number of employees at the end of the reporting period was 1,836, including 565 at the parent company and 1,271 at major subsidiaries[145]. - The company has established a fair and competitive compensation management system, with performance-based salaries linked to KPI indicators[147]. - The training program for employees includes various aspects such as professional skills and production safety management, enhancing overall work efficiency[148]. - The company has not engaged in any labor outsourcing during the reporting period[149]. Future Outlook - Future outlook remains positive, with plans for continued growth and expansion in both domestic and international markets[121]. - In 2022, the company plans to increase R&D efforts to develop high-performance, environmentally friendly, and energy-saving products, aiming to improve market share and sustain stable growth[99]. - The company aims for a revenue guidance of 1.5 billion RMB for 2022, reflecting a growth target of 25%[126].
双箭股份(002381) - 关于举办投资者接待日活动的公告
2022-04-22 07:49
证券代码:002381 证券简称:双箭股份 公告编号:2022-032 债券代码:127054 债券简称:双箭转债 浙江双箭橡胶股份有限公司 关于举办投资者接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假 记载、误导性陈述或重大遗漏。 为了做好浙江双箭橡胶股份有限公司(以下简称"公司")的投资者关系管 理工作,更好地与投资者进行沟通交流,使广大投资者深入全面地了解公司情况, 公司将于 2022 年 5 月 16 日举办投资者接待日活动。现将投资者接待日有关事项 公告如下: 一、接待时间:2022 年 5 月 16 日(星期一)上午 9:00-11:00。 二、接待地点:浙江省桐乡市洲泉镇永安北路 1538 号公司行政楼四楼会议 室。 三、接待方式:现场接待。 四、参与接待人员:公司董事长沈耿亮先生、副董事长兼总经理沈会民先生、 董事兼财务总监吴建琴女士和副总经理兼董事会秘书张梁铨先生(如有特殊情 况,参与人员可能作适当调整)。 五、预约方式:参加本次活动的投资者请于 2022 年 5 月 13 日下午 5∶00 前与公司证券与投资部联系,同时提供问题提纲,以便做好活动接待安 ...
双箭股份(002381) - 2021 Q3 - 季度财报
2021-10-29 16:00
浙江双箭橡胶股份有限公司 2021 年第三季度报告 证券代码:002381 证券简称:双箭股份 公告编号:2021-044 浙江双箭橡胶股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整,不存在虚假记载、误 导性陈述或重大遗漏,并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明:保证季度报告中财务信息的 真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 本报告期比上年同期增 | 年初至报告期末 | 年初至报告期末比上年 | | --- | --- | --- | --- | --- | | | | 减 | | 同期增减 | | 营业收入(元) | 493,031,409.65 | 6.78% | 1,334,086,234.25 | 4.60% ...
双箭股份(002381) - 2021 Q2 - 季度财报
2021-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was ¥841,054,824.60, representing a 3.37% increase compared to ¥813,673,437.67 in the same period last year[19]. - The net profit attributable to shareholders decreased by 36.30% to ¥93,109,410.63 from ¥146,164,836.54 year-on-year[19]. - The net profit after deducting non-recurring gains and losses fell by 42.64% to ¥81,604,158.52 compared to ¥142,254,971.62 in the previous year[19]. - The total profit for the same period was 115 million yuan, a decrease of 34.88% year-on-year[31]. - Basic and diluted earnings per share both decreased by 36.11% to ¥0.23 from ¥0.36 year-on-year[19]. - The weighted average return on net assets was 4.66%, down 3.24% from 7.90% in the previous year[19]. - The total profit for the first half of 2021 was CNY 115,018,735.88, down from CNY 176,612,951.01 in the first half of 2020[132]. - The company reported a comprehensive income of -432.2 million yuan for the current period, indicating a significant decline in profitability[146]. Cash Flow and Investments - The net cash flow from operating activities decreased by 57.01% to ¥65,300,913.05 from ¥151,891,340.52 in the same period last year[19]. - The net cash flow from operating activities for the first half of 2021 was ¥65,300,913.05, a decrease of 57.0% compared to ¥151,891,340.52 in the same period of 2020[139]. - The net cash flow from investing activities was -¥24,948,646.84, a significant decrease from ¥87,272,577.25 in the same period last year[139]. - The total investment during the reporting period was RMB 155,050,423.77, representing a decrease of 26.71% compared to the previous year's investment of RMB 211,561,643.38[49]. - The company received ¥35,000,000.00 in borrowings during the first half of 2021, with cash inflow from financing activities totaling ¥35,280,000.00[140]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,644,177,996.41, a decrease of 0.27% from ¥2,651,239,381.88 at the end of the previous year[19]. - The total liabilities at the end of the reporting period were 968.61 million, indicating a manageable debt level relative to the company's equity[149]. - The company's total liabilities rose to CNY 780,461,845.81, compared to CNY 673,468,742.89, indicating an increase of about 15.9%[124]. - The total equity attributable to shareholders decreased to CNY 1,854,380,168.30 from CNY 1,967,489,101.66, a decline of approximately 5.7%[125]. - The company's cash and cash equivalents decreased from ¥707,932,528.99 at the end of 2020 to ¥583,342,282.60 by June 30, 2021, a decline of approximately 17.6%[122]. Research and Development - Research and development investment rose by 16.00% to ¥28,763,233.34 from ¥24,795,593.14, indicating a commitment to innovation[36]. - The company plans to enhance its competitive edge by diversifying sales models and increasing R&D investment, focusing on high-value products such as ceramic interface conveyor belts and tubular conveyor belts[61]. - Research and development expenses increased to CNY 28,763,233.34, compared to CNY 24,795,593.14 in the first half of 2020, reflecting a focus on innovation[130]. Market and Product Development - The company focuses on product technology innovation and internationalization, actively developing new products and expanding overseas markets[31]. - The company is positioned to benefit from increasing demand for long-distance conveyor belts as industries seek to replace traditional truck transport[30]. - The company plans to continue expanding its market presence and investing in new product development to drive future revenue growth[149]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2022[160]. Risk Management - The report highlights potential risks and countermeasures that the company may face in future operations[5]. - The company faces risks from the COVID-19 pandemic, with uncertainties in export business due to rising shipping costs and global pandemic control measures[60]. - The company acknowledges risks from raw material price fluctuations, particularly in natural and synthetic rubber, which could affect profitability[62]. - The company has established a wholly-owned subsidiary in Yunnan to secure raw material supply and mitigate risks from rubber price volatility[63]. Environmental and Social Responsibility - The company has implemented a comprehensive pollution control system, including a biological contact oxidation process for wastewater treatment and a dust collection system for raw material imports, ensuring compliance with environmental standards[73]. - The company emphasizes social responsibility, actively engaging in charitable activities such as educational support and poverty alleviation, contributing to community welfare[78]. - The company is committed to achieving carbon neutrality through energy-saving and emission-reduction initiatives in its product offerings[31]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has no current employee stock ownership plans or other incentive measures in place[70]. - The company did not engage in any significant related party transactions during the reporting period[92]. - The company's semi-annual financial report has not been audited as of the reporting date[84].
双箭股份(002381) - 2021 Q1 - 季度财报
2021-04-28 16:00
Financial Performance - The company's operating revenue for Q1 2021 was ¥376,550,948.14, representing a 26.31% increase compared to ¥298,123,092.66 in the same period last year[8]. - The net profit attributable to shareholders for Q1 2021 was ¥57,830,792.20, an increase of 8.27% from ¥53,415,941.79 in the previous year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 1.93% to ¥50,764,360.14 from ¥51,764,810.12 year-on-year[8]. - The net cash flow from operating activities was ¥61,713,544.23, down 5.46% from ¥65,277,225.67 in the same period last year[8]. - The company's basic earnings per share for Q1 2021 was ¥0.14, up 7.69% from ¥0.13 in the same period last year[8]. - The weighted average return on equity was 2.90%, slightly down from 2.96% in the previous year[8]. - Total operating revenue for Q1 2021 was CNY 376,550,948.14, an increase from CNY 298,123,092.66 in the previous period[42]. - Net profit for Q1 2021 reached CNY 57,671,610.08, compared to CNY 52,890,624.78 in the same period last year, representing an increase of approximately 3.7%[44]. - Earnings per share for Q1 2021 were CNY 0.14, up from CNY 0.13 in the previous year[45]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,703,986,855.18, a 1.99% increase from ¥2,651,239,381.88 at the end of the previous year[8]. - The company's current assets reached CNY 1,890,343,654.89, compared to CNY 1,850,017,694.58 at the end of 2020, indicating an increase of about 2.2%[34]. - Total liabilities decreased slightly to CNY 669,272,790.84 from CNY 673,468,742.89, a reduction of about 0.6%[36]. - Total assets as of the end of Q1 2021 were CNY 2,488,992,852.29, compared to CNY 2,447,261,029.31 at the end of the previous period[40]. - Total liabilities as of the end of Q1 2021 were CNY 524,460,856.84, slightly up from CNY 521,806,437.46 in the previous period[40]. Cash Flow and Investments - Cash received from tax refunds increased by 35.22% year-on-year, mainly due to higher export tax rebates[18]. - Cash recovered from investments surged by 1027.45% compared to the previous year, due to partial recoveries from investments in Shanghai Jinpu Medical Health Partnership and Tongxiang Chunyang No.1 Equity Investment Fund[18]. - The cash inflow from investment activities was CNY 34,501,190.44, significantly lower than CNY 214,892,701.83 in the previous year, marking a decline of approximately 83.9%[52]. - The cash outflow from investment activities was CNY 53,969,317.85, compared to CNY 97,056,612.45 in the previous year, showing a decrease of about 44.2%[52]. - The net cash flow from investment activities was -47,755,843.75 CNY, indicating a significant outflow compared to the previous period's inflow of 111,338,092.55 CNY[56]. Operational Costs and Expenses - Operating costs increased by 38.68% compared to the same period last year, mainly due to an increase in conveyor belt sales[17]. - R&D expenses rose by 45.01% year-on-year, attributed to increased investment in research and development[17]. - Financial expenses decreased by 121.98% year-on-year, primarily due to increased foreign exchange gains from currency fluctuations[17]. - Total operating costs for Q1 2021 were CNY 322,845,456.35, up from CNY 243,620,043.50 in the previous period[43]. - Research and development expenses for Q1 2021 were CNY 12,091,998.55, compared to CNY 8,338,534.63 in the previous period, indicating a focus on innovation[43]. Governance and Compliance - The company reported no overdue or unrecoverable amounts in its entrusted financial management activities, indicating a stable financial management approach[28]. - There were no instances of non-operational fund occupation by controlling shareholders or related parties during the reporting period, suggesting a sound governance structure[29]. - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[58]. - The company has not applied the new leasing standards for the current financial year, indicating a potential area for future compliance adjustments[57]. Future Plans - The company plans to issue up to 550 million yuan in convertible bonds to fund a new project for producing 15 million square meters of high-strength energy-saving conveyor belts[20]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[44].
双箭股份(002381) - 2020 Q4 - 年度财报
2021-02-26 16:00
Financial Performance - The company's operating revenue for 2020 was CNY 1,811,149,393.46, representing an increase of 18.74% compared to CNY 1,525,277,062.57 in 2019[15] - The net profit attributable to shareholders for 2020 was CNY 315,417,604.33, up 26.86% from CNY 248,630,128.49 in 2019[15] - The net cash flow from operating activities increased by 34.15% to CNY 366,577,824.01 in 2020, compared to CNY 273,258,126.06 in 2019[15] - Basic earnings per share for 2020 were CNY 0.77, reflecting a growth of 28.33% from CNY 0.60 in 2019[15] - Total assets at the end of 2020 reached CNY 2,651,239,381.88, a 13.88% increase from CNY 2,328,044,904.28 at the end of 2019[15] - The net assets attributable to shareholders increased by 10.75% to CNY 1,967,489,101.66 at the end of 2020, compared to CNY 1,776,435,909.29 at the end of 2019[15] - The company reported a weighted average return on equity of 16.84% for 2020, up from 14.32% in 2019[15] - The net profit after deducting non-recurring gains and losses for 2020 was CNY 298,808,478.09, an increase of 25.08% from CNY 238,894,062.23 in 2019[15] Dividend Policy - The company plans to distribute a cash dividend of CNY 5 per 10 shares (including tax) based on a total share capital of 411,572,264 shares as of the end of 2020[4] - The proposed cash dividend for 2020 is CNY 5.00 per 10 shares, totaling CNY 205,786,132.00, which is 65.24% of the net profit[99][101] - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of CNY 2.00 per 10 shares in 2018 and 2019, and CNY 3.00 per 10 shares in 2019[98][100] - The cash dividend payout ratio for 2020 is 100% of the total distributable profit[101] - The cash dividend distribution plan for 2020 is subject to approval at the annual shareholders' meeting[102] Sales and Market Performance - Total revenue for the first quarter was ¥298,123,092.66, while the fourth quarter revenue reached ¥535,745,000.39, indicating a significant increase in sales towards the end of the year[19] - The net profit attributable to shareholders for the second quarter was ¥92,748,894.75, representing a 73.2% increase compared to the first quarter's net profit of ¥53,415,941.79[19] - The net cash flow from operating activities in the third quarter was ¥118,560,543.70, which is a 37% increase from the second quarter's ¥86,614,114.85[19] - The revenue from the rubber and plastic products segment was CNY 1,777,628,971.02, accounting for 98.15% of total revenue, with a year-on-year growth of 18.60%[55] - The company exported products worth CNY 353,293,125.15 in 2020, benefiting from a 13% export tax rebate policy[52] - The sales volume of rubber and plastic products reached 5,810.93 million square meters, a 26.00% increase compared to 4,611.76 million square meters in 2019[58] Production and Capacity - In 2020, the company produced 57.24 million square meters of conveyor belts, an increase of 28.82% year-on-year, and sold 58.11 million square meters, up 26.00% year-on-year[42] - The company's operating revenue reached 1.81 billion yuan, a year-on-year growth of 18.74%, with operating profit of 380.82 million yuan, up 28.03% year-on-year[42] - The company is expanding its production capacity with the "annual production of 10 million square meters steel wire core conveyor belt project" that began production in 2020[42] - The company’s conveyor belt production capacity is currently 65 million square meters, with a utilization rate of 95.39%[49] - The company aims to increase its production capacity from 65 million square meters to over 150 million square meters by the end of the 14th Five-Year Plan[82] Research and Development - The company has established a digital platform for data integration and launched a digital manufacturing project, aiming for unified production management and improved data control[46] - The company developed 8 new products, including 1 key technology innovation project and 4 new products recognized by the provincial science and technology department[44] - The company has obtained 1 international patent and 4 domestic patents, focusing on technology innovation and optimizing product structure[45] - Research and development expenses increased by 14.77% to ¥53,973,746.03, representing 2.98% of operating revenue[67] - The company has invested 50 million RMB in R&D for innovative rubber technologies, aiming to improve product durability and performance[169] Risk Management - The company emphasizes the importance of monitoring potential risk factors that may affect future performance as outlined in the report[4] - The company faces risks from the COVID-19 pandemic, which may impact future export business due to global uncertainties[87] - The company acknowledges macroeconomic instability as a risk, with potential impacts on demand for its products in industries like coal, electricity, and steel[89] - The company has established a subsidiary in Yunnan to secure natural rubber supply, mitigating risks from raw material price fluctuations[90] Corporate Governance - The company has a strong governance structure, complying with relevant laws and regulations, and has revised its articles of association during the reporting period[183] - The board of directors consists of nine members, including three independent directors, which is more than one-third of the total[187] - The company has established an internal audit system to ensure effective internal control over daily operations[191] - Independent directors actively participated in board meetings, with attendance rates of 100% for most[197] - The company has established a transparent information disclosure system, enhancing communication with investors[192] Employee Management - The total number of employees in the company is 1,648, with 553 in the parent company and 1,095 in major subsidiaries[178] - The company has a total remuneration of 705.38 million CNY for directors, supervisors, and senior management during the reporting period[177] - The company has implemented a comprehensive training program aimed at improving employee skills and overall efficiency, covering various aspects such as professional skills and safety management[180] - The company actively protects employee rights and provides a comfortable working environment, adhering to labor laws and regulations[131] Environmental Responsibility - The company emphasizes environmental protection and sustainable development, investing in clean production and energy-saving initiatives[133] - The company does not belong to the key pollutant discharge units as per environmental protection department announcements[135] - The company has not faced any penalties for environmental violations during the reporting period[135]