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双箭股份(002381) - 2019 Q3 - 季度财报
2019-10-21 16:00
Financial Performance - Operating revenue for the reporting period was ¥389,983,529.78, reflecting a year-on-year growth of 5.51%[7] - Net profit attributable to shareholders was ¥64,415,301.87, representing a significant increase of 35.48% year-on-year[7] - Basic earnings per share rose to ¥0.16, up 45.45% year-on-year[7] - The company reported a significant increase in net profit for the year-to-date, totaling ¥186,942,254.90, which is a 55.36% increase compared to the same period last year[7] - Operating profit, total profit, income tax expenses, net profit, and net profit attributable to the parent company increased by 54.27%, 53.19%, 37.58%, 57.09%, and 55.36% year-on-year, respectively, driven by strong sales of conveyor belts and improved gross margins[17] - Net profit for the current period was ¥63,533,408.46, representing a 35.8% increase from ¥46,759,987.44[45] - The total profit for the period was ¥225,575,863.65, which is a 53.1% increase from ¥147,253,802.75 in the prior year[53] - The total comprehensive income for the current period was ¥63,483,852.05, compared to ¥46,759,987.44 previously, marking a 35.6% increase[46] - The total comprehensive income for the period was ¥184,751,363.47, an increase of 57.0% from ¥117,553,005.59 in the same period last year[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,206,594,760.62, an increase of 3.64% compared to the end of the previous year[7] - Total liabilities reached CNY 421,671,265.41, with current liabilities at CNY 421,001,955.33 and non-current liabilities at CNY 669,310.08[71] - The company's total equity reached CNY 1,709,244,718.41, slightly up from CNY 1,707,352,503.44, indicating a marginal growth of 0.1%[37] - Non-current assets totaled CNY 597,576,895.60, up from CNY 548,027,841.20, indicating an increase of about 9%[35] - The company reported a total liability of CNY 497,350,042.21, up from CNY 421,671,265.41, indicating an increase of about 18%[36] - Total assets increased to CNY 2,206,594,760.62, up from CNY 2,129,023,768.85, representing a growth of approximately 3.2% year-over-year[35] Cash Flow - The net cash flow from operating activities surged to ¥174,398,257.35, a remarkable increase of 1,155.85% compared to the same period last year[7] - Operating cash inflow for the period reached CNY 1,065,158,834.50, an increase from CNY 876,325,118.45 in the previous period, reflecting a growth of approximately 21.5%[61] - Net cash flow from operating activities was CNY 258,585,627.52, significantly higher than CNY 98,209,577.55 in the prior period, indicating a year-over-year increase of about 163.5%[62] - Cash outflow from investing activities totaled CNY 447,425,191.98, slightly up from CNY 441,754,898.74, resulting in a net cash outflow of CNY 64,648,581.77 from investing activities[62] - Cash flow from financing activities showed a net outflow of CNY 181,060,046.86, compared to a net outflow of CNY 109,287,450.02 in the previous period, reflecting an increase in cash outflow of approximately 65.5%[62] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,122[11] - The largest shareholder, Shen Gengliang, held 20.92% of the shares, with 64,582,720 shares pledged[11] - The company distributed cash dividends of RMB 2.00 per 10 shares, totaling RMB 82,314,452.80, based on a total share capital of 411,572,264 shares[20] - The company repurchased shares amounting to a maximum of RMB 200 million, with a repurchase price not exceeding RMB 8.00 per share, to enhance shareholder value[22] - The company repurchased a total of 16,927,736 shares, accounting for 3.95% of the total share capital before the repurchase plan, with a total transaction amount of 112,604,847.48 RMB[23] Research and Development - Research and development expenses increased by 35.63% year-on-year, reflecting higher investment in R&D activities[16] - Research and development expenses rose to ¥14,468,345.71, up from ¥12,139,260.35, indicating a 19.2% increase[44] - Research and development expenses increased to ¥37,521,361.83, up 35.5% from ¥27,663,676.98, indicating a strong focus on innovation[51] Other Financial Information - The company has no violations regarding external guarantees during the reporting period[27] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[28] - The company engaged in entrusted wealth management with a total amount of 32,700,000 RMB, with an outstanding balance of 30,500,000 RMB[30] - The company has fulfilled its commitments regarding stock incentives and other promises made to minority shareholders[26] - The company has made adjustments in financial reporting according to new accounting standards effective from January 1, 2019[71]
双箭股份(002381) - 2019 Q2 - 季度财报
2019-08-14 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was RMB 718,038,938.24, representing a 10.53% increase compared to RMB 649,620,942.61 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was RMB 122,526,953.03, a significant increase of 68.35% from RMB 72,779,226.22 year-on-year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 113,087,974.66, also up by 68.36% compared to RMB 67,171,615.42 in the previous year[18]. - The basic earnings per share increased to RMB 0.30, reflecting a growth of 76.47% from RMB 0.17 in the same period last year[18]. - The total assets at the end of the reporting period were RMB 2,172,553,028.61, which is a 2.04% increase from RMB 2,129,023,768.85 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were RMB 1,732,589,876.50, showing a 1.27% increase from RMB 1,710,903,695.69 at the end of the previous year[18]. - The company reported a net cash flow from operating activities of RMB 84,187,370.17, which is a slight decrease of 0.16% compared to RMB 84,322,678.72 in the previous year[18]. - The weighted average return on net assets increased to 7.07%, up by 2.84% from 4.23% in the same period last year[18]. - The company reported a total non-operating income of 9,438,978.37, with significant contributions from entrusted investment management gains of 6,732,735.54 and tax refunds of 1,998,281.50[22]. - The company’s operating profit reached RMB 147.47 million, representing a year-on-year growth of 66.56%[39]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 2 per 10 shares (including tax) to all shareholders, based on a total of 411,572,264 shares[5]. - The cash dividend distribution plan includes a cash dividend of CNY 2.00 per 10 shares, totaling CNY 82.31 million, with a retained profit of CNY 516.84 million carried forward to the next year[66]. - The company completed the cancellation of 16,927,736 repurchased shares, reducing its registered capital from RMB 428,500,000 to RMB 411,572,264[17]. - The total amount spent on the share buyback was approximately RMB 112.60 million, with a maximum price of RMB 7.20 per share and a minimum price of RMB 6.02 per share[97]. - Following the buyback, the company's registered capital decreased from RMB 428,500,000 to RMB 411,572,264[100]. - The basic earnings per share increased from RMB 0.29 to RMB 0.30 after the reduction in share capital[101]. Market and Competitive Position - The company has been recognized as a leading enterprise in the rubber conveyor belt industry, being the top-ranked company in the "Top Ten Conveyor Belt Enterprises in China" for eight consecutive years[30]. - The company is gradually establishing direct sales relationships with foreign mining enterprises, moving away from solely relying on distributors for exports[27]. - The company is focused on expanding its market share despite the challenges posed by the changing market structure and demand[61]. - The company has faced intensified market competition, leading to pressure on overall operating profits within the conveyor belt manufacturing industry[61]. - The company plans to enhance its competitive edge through continuous technological innovation and refined management practices[61]. Research and Development - The company launched seven new types of conveyor belts in April 2019, including ceramic conveyor belts and anti-tear conveyor belts, to meet market demand for high durability and energy-saving products[40]. - The company has obtained 99 patents in the field of rubber conveyor belts, enhancing its product innovation and technology level[38]. - Research and development expenses increased by 48.50% to ¥23,053,016.12, up from ¥15,524,416.63 in the previous year[44]. - Research and development expenses rose to ¥23,053,016.12 in the first half of 2019, up from ¥15,524,416.63 in the same period of 2018, reflecting a focus on innovation[134]. Operational Efficiency - The company operates under a sales model that is order-driven, ensuring production aligns with customer contracts, which enhances operational efficiency[25]. - The company has established a strong supplier management system, ensuring quality control and timely procurement based on production plans and market conditions[25]. - The company has developed a complete product chain from ordinary to high-end conveyor belts, optimizing the overall efficiency of conveyor systems[35]. - The company has a robust technical team and management system, positioning itself as a key player in the domestic rubber conveyor belt market[30]. Financial Management - The company reported a financial expense of -¥1,991,524.11, a decrease from -¥3,437,718.41 in the first half of 2018, indicating improved financial management[134]. - The company's financial expenses decreased by 42.07% to -¥1,991,524.11, primarily due to increased exchange gains and reduced interest income[44]. - The company has not experienced any major litigation or arbitration matters during the reporting period[72]. - There were no significant penalties or rectification situations reported during the period[73]. - The financial report for the half-year period has not been audited[69]. Asset Management - The company's total assets as of June 30, 2019, amounted to ¥2,062,693,065.24, compared to ¥2,032,896,797.23 at the end of 2018[131]. - The company's current assets totaled CNY 1,599,059,518.96, slightly up from CNY 1,580,995,927.65 at the end of 2018[124]. - Cash and cash equivalents increased to CNY 342,820,644.34 from CNY 311,321,260.81 at the end of 2018, reflecting a growth of approximately 10.5%[123]. - Accounts receivable rose to CNY 419,940,859.62, compared to CNY 418,732,586.92 at the end of 2018, indicating a marginal increase[123]. - Total current liabilities increased to CNY 443,920,891.79 from CNY 421,001,955.33, representing a rise of about 5.0%[125]. Future Outlook - The company is actively expanding into the elderly care industry, aiming to create a well-known brand in the medical and elderly care integration sector[41]. - The company plans to continue focusing on product development and market expansion strategies in the upcoming quarters[149]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[156]. Compliance and Governance - The company maintains a good integrity status, with no significant debts or court judgments outstanding[74]. - The company has not engaged in any significant environmental violations during the reporting period[88]. - The company has maintained compliance with environmental laws and regulations without incurring penalties[88]. - The company has no major related party transactions during the reporting period[77]. - There are no major contracts or guarantees in place during the reporting period[86].
双箭股份(002381) - 2019 Q1 - 季度财报
2019-04-24 16:00
浙江双箭橡胶股份有限公司 2019 年第一季度报告全文 浙江双箭橡胶股份有限公司 2019 年第一季度报告 2019 年 04 月 1 浙江双箭橡胶股份有限公司 2019 年第一季度报告全文 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 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。 公司负责人沈耿亮、主管会计工作负责人吴建琴及会计机构负责人(会计主 管人员)沈佳平声明:保证季度报告中财务报表的真实、准确、完整。 2 浙江双箭橡胶股份有限公司 2019 年第一季度报告全文 □ 是 √ 否 第二节 公司基本情况 对公司根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义界定的非经常性损益项目,以及把《公 开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常性损益项目界定为经常性损益的项目,应 说明原因 □ 适用 √ 不适用 公司报告期不存在将根据《公开发行证券的公司信息披露解 ...
双箭股份(002381) - 2018 Q4 - 年度财报
2019-02-27 16:00
Financial Performance - The company's operating revenue for 2018 was ¥1,358,141,626.10, representing a 19.36% increase compared to ¥1,137,875,297.83 in 2017[14] - The net profit attributable to shareholders for 2018 was ¥156,370,605.79, a 38.98% increase from ¥112,515,546.72 in 2017[14] - The net profit after deducting non-recurring gains and losses was ¥130,316,140.17, showing a significant increase of 321.99% compared to ¥30,881,265.91 in 2017[14] - The basic earnings per share for 2018 was ¥0.37, up 42.31% from ¥0.26 in 2017[14] - The net cash flow from operating activities was ¥147,126,870.08, an increase of 46.28% from ¥100,581,578.77 in 2017[14] - The company's operating revenue reached CNY 1,358.14 million, a year-on-year growth of 19.36%, with operating profit of CNY 183.01 million, up 49.53%[36] - The net profit attributable to shareholders was CNY 156.37 million, reflecting a year-on-year increase of 38.98%[36] Assets and Liabilities - Total assets at the end of 2018 were ¥2,129,023,768.85, a 2.64% increase from ¥2,074,311,470.95 at the end of 2017[14] - The net assets attributable to shareholders at the end of 2018 were ¥1,710,903,695.69, reflecting a 1.18% increase from ¥1,690,903,867.06 at the end of 2017[14] - As of the end of 2018, accounts receivable amounted to 418,732,586.92 yuan, representing 19.67% of total assets, an increase of 1.43% from the previous year[59] - The company's cash and cash equivalents at the end of 2018 were 311,321,260.81 yuan, accounting for 14.62% of total assets, a slight decrease of 0.10% from the previous year[59] - Fixed assets decreased by 1.75% year-on-year, totaling 322,306,172.12 yuan, which accounted for 15.14% of total assets[59] Revenue Sources - The company's domestic revenue accounted for 78.12% of total revenue, while international revenue made up 21.88%, with a year-on-year growth of 21.94% and 10.98% respectively[42] - The company's operating revenue for the rubber and plastic products industry reached ¥1,318,161,050.07, with a year-on-year increase of 25.66%[44] - The total sales volume in the rubber and plastic products industry increased by 13.51% to 4,165.38 million square meters compared to the previous year[45] Research and Development - The company's R&D investment amounted to ¥40,474,274, representing 2.98% of the annual operating revenue, with an 18.92% increase from the previous year[55] - The company has been recognized as a key high-tech enterprise under the National Torch Program and has received multiple patents in rubber conveyor belt technology, enhancing its R&D capabilities[32] - The company has invested 50 million RMB in research and development for innovative rubber technologies aimed at improving product durability[149] Shareholder Returns - The company plans to distribute a cash dividend of ¥2.00 per 10 shares to all shareholders[4] - The cash dividend payout ratio for 2018 is 52.64% of the net profit attributable to shareholders, which is RMB 156,370,605.79[82] - The total cash dividends distributed over the last three years amounted to RMB 176,713,945.11, representing 100% of the total distributable profit[83] - The company has committed to maintaining a minimum cash dividend ratio of 20% during significant capital expenditure phases[83] Market Position and Strategy - The company is a leading enterprise in the domestic rubber conveyor belt industry, recognized as one of the top ten conveyor belt companies in China for eight consecutive years[28] - The company has established a stable customer base both domestically and internationally, supported by high product quality and brand recognition[31] - The company aims to develop new products tailored to market demands, enhancing its competitive edge in the industry[72] - The company is actively expanding into the elderly care industry, with its subsidiary successfully operating a nursing home, aiming to establish a strong brand in this sector[39] Operational Efficiency - The company's operational model is based on a "sales-driven production" approach, ensuring production aligns with customer orders[25] - The company has established a wholly-owned subsidiary in Yunnan Province, which will support the main business with a stable supply of raw materials through a project with an annual output of 10,000 tons of granulated rubber[33] - The company has implemented a share buyback program to enhance shareholder value and maintain investor confidence[39] Risk Management - The company faces risks from macroeconomic instability, which could lead to fluctuations in customer orders and impact overall performance[74] - The domestic conveyor belt market is experiencing intensified competition, prompting the company to focus on technological innovation and refined management to maintain its market share[75] - The company will closely monitor foreign exchange market trends to manage risks associated with currency fluctuations in its export sales[75] Corporate Governance - The company has not made any adjustments or changes to its cash dividend policy during the reporting period[81] - The company has not engaged in any major related party transactions or significant contracts during the reporting period[102][103][104][106][109] - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and has established a stable profit distribution policy[111] Social Responsibility - The company actively participates in social responsibility initiatives, including donations for education and support for vulnerable groups[114] - The company maintains a focus on environmental protection and sustainable development in its operations[114] Audit and Compliance - The company received a standard unqualified audit opinion for its financial statements for the year ended December 31, 2018[188] - The audit report emphasizes the importance of evaluating the appropriateness of accounting policies and estimates made by management[195] - The company confirmed that there were no public bonds issued that were due or unable to be fully redeemed as of the report approval date[186]
双箭股份:关于举办投资者接待日活动的公告
2019-02-27 08:41
证券代码:002381 证券简称:双箭股份 公告编号:2019-017 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内容的真实、准确和完整,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 2019 年 3 月 21 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:2019 年 3 月 21 日(星期四)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 号公司行政楼一楼会议 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 2019 年 3 月 20 日下午 4∶30 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排。 联系人:张梁铨、沈惠强 电话:0573 ...
双箭股份(002381) - 2018 Q3 - 季度财报
2019-01-15 16:00
Financial Performance - Operating revenue for the reporting period reached CNY 369,608,686.04, a 30.70% increase year-on-year[7] - Net profit attributable to shareholders increased by 116.83% to CNY 47,546,055.39 for the reporting period[7] - The net profit after deducting non-recurring gains and losses surged by 237.21% to CNY 43,102,142.56[7] - Basic earnings per share rose by 120.00% to CNY 0.11 for the reporting period[7] - The weighted average return on equity improved to 2.74%, up from 1.41% in the previous year[7] - Total operating revenue for the third quarter reached ¥369,608,686.04, a 30.6% increase from ¥282,787,564.29 in the same period last year[41] - Net profit for the quarter was ¥46,759,987.44, up 120.5% from ¥21,137,365.78 year-over-year[43] - Operating profit for the quarter was ¥57,236,937.87, significantly higher than ¥21,753,746.25 from the previous year, marking a 162.5% increase[43] - Total operating revenue for the current period reached ¥1,019,229,628.65, an increase of 23.3% compared to ¥826,633,070.25 in the previous period[50] - Net profit for the current period was ¥117,831,329.97, a rise of 51.1% compared to ¥77,961,462.98 in the same period last year[51] - Total comprehensive income for the current period was ¥117,553,005.59, compared to ¥78,566,836.66 in the previous period, marking a 49.5% increase[52] Assets and Liabilities - Total assets increased by 4.20% to CNY 2,161,375,063.29 compared to the end of the previous year[7] - The company's total current assets increased to CNY 1,605,174,846.63 from CNY 1,494,145,512.92, representing a growth of about 7.4%[34] - The accounts receivable rose to CNY 722,216,680.62, up from CNY 598,420,414.67, indicating an increase of approximately 20.7%[34] - The inventory decreased to CNY 227,200,034.26 from CNY 251,807,745.86, showing a reduction of about 9.8%[34] - The total liabilities increased to CNY 443,715,508.97 from CNY 378,290,366.43, marking an increase of approximately 17.3%[36] - The company's equity attributable to shareholders rose to CNY 1,720,018,624.28 from CNY 1,690,903,867.06, reflecting an increase of about 1.7%[36] - The total non-current assets decreased to CNY 556,200,216.66 from CNY 580,165,958.03, indicating a decline of about 4.1%[35] Cash Flow - Cash flow from operating activities decreased by 27.38% to CNY 13,886,898.83 for the reporting period[7] - The cash inflow from operating activities for the period was CNY 876,325,118.45, a decrease of 23.7% compared to CNY 1,148,232,120.23 in the previous period[56] - The net cash flow from operating activities was CNY 98,209,577.55, an increase of 25.2% from CNY 78,443,359.63 in the same period last year[56] - The cash inflow from investment activities totaled CNY 504,247,447.05, significantly higher than CNY 246,278,777.84 in the previous period[58] - The net cash flow from investment activities was CNY 62,492,548.31, recovering from a negative CNY 136,917,377.32 in the previous year[58] - The cash outflow from financing activities was CNY 111,287,450.02, slightly lower than CNY 122,916,239.24 in the previous period[58] - The net cash flow from financing activities was negative at CNY -109,287,450.02, compared to CNY -89,760,613.03 in the same period last year[58] - The total cash and cash equivalents at the end of the period increased to CNY 350,119,598.52 from CNY 233,478,123.50 in the previous year[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,579[11] - The largest shareholder, Shen Gengliang, holds 20.10% of the shares, with 64,582,720 shares pledged[11] - The company repurchased 7,301,700 shares, accounting for 1.70% of the total share capital, with a total amount of 48,070,801.52 yuan[20] Investments and Projects - The company plans to invest 250 million yuan in a project to produce 10 million square meters of high-strength conveyor belts[20] - The company reported an investment income of ¥4,146,725.03, a significant increase from ¥330.33 in the previous year[43] - Investment income decreased to ¥9,724,862.63 from ¥53,819,431.21, indicating a significant decline[50] Other Financial Metrics - Cash received from tax refunds increased by 127.10% compared to the same period last year, mainly due to an increase in export tax rebates[17] - Cash paid for purchasing goods and services decreased by 32.56% compared to the same period last year, mainly due to the exclusion of Beijing Youji and Australia Shuangjian from the consolidation scope[17] - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[23] - The company engaged in investor relations activities, including a site visit on September 7, 2018, to enhance communication with stakeholders[31]
双箭股份(002381) - 2018 Q2 - 季度财报
2018-08-17 16:00
Financial Performance - The company's operating revenue for the first half of 2018 was CNY 649,620,942.61, representing a 19.45% increase compared to CNY 543,845,505.96 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was CNY 72,779,226.22, up 15.77% from CNY 62,864,639.01 year-on-year[17]. - The net profit after deducting non-recurring gains and losses surged by 635.54% to CNY 67,171,615.42 from CNY 9,132,224.17 in the previous year[17]. - The net cash flow from operating activities increased by 42.15% to CNY 84,322,678.72, compared to CNY 59,319,640.72 in the same period last year[17]. - Basic earnings per share increased by 13.33% to CNY 0.17 from CNY 0.15 in the same period last year[17]. - Operating profit reached ¥88.54 million, reflecting a growth of 29.93% compared to the previous year[37]. - The company reported a total comprehensive income of CNY 70,793,018.15, compared to CNY 57,377,153.42 in the previous year, an increase of 23.4%[130]. - The company reported a decrease in sales expenses, which fell to CNY 31,768,512.75 from CNY 35,670,606.47, a reduction of 10.6%[129]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,127,853,368.76, a 2.58% increase from CNY 2,074,311,470.95 at the end of the previous year[17]. - The total liabilities rose to CNY 408,871,601.87, compared to CNY 378,290,366.43, indicating an increase of approximately 8.5%[121]. - The company's cash and cash equivalents decreased to ¥316,498,560.39, down 5.95% from ¥423,219,441.59 at the end of the previous period[50]. - The company's total liabilities to equity ratio stands at approximately 0.24, indicating a relatively low leverage position[121]. - The company’s total current assets as of June 30, 2018, included cash, accounts receivable, and inventory, which are critical for assessing liquidity and operational efficiency[119]. Investment and R&D - Research and development investment amounted to ¥15.52 million, with a 20.91% increase after excluding the impact of a subsidiary[42]. - The company has achieved 91 patents in rubber conveyor belt technology, enhancing its product innovation and technical capabilities[32]. - The company is actively expanding its market presence and developing new products to meet market demands[38]. - The company has established a stable supply of natural rubber through the acquisition of a rubber company and a strategic partnership with major oil companies[34]. Market Position and Strategy - The company specializes in the research, production, and sales of rubber conveyor belts, which are widely used in industries such as power, ports, metallurgy, mining, and building materials[25]. - The company has been recognized as a leading enterprise in the rubber conveyor belt industry, ranking first in the "Top Ten Conveyor Belt Enterprises in China" for seven consecutive years[29]. - The company is focusing on expanding its export sales by establishing direct relationships with foreign mining companies, enhancing its international market presence[27]. - The company has increased its construction projects by 40.78% compared to the beginning of the reporting period, indicating ongoing expansion efforts[30]. Risk Factors and Management - The report highlights potential risk factors that the company may face in the future[5]. - The company faces risks from macroeconomic instability, intensified market competition, and rising raw material prices, which may impact profitability[61][62]. - The company plans to maintain good relationships with upstream suppliers to enhance bargaining power and manage cost pressures from raw material price fluctuations[62]. - The company has established a wholly-owned subsidiary in Yunnan to secure a stable supply of natural rubber, mitigating risks associated with price volatility[62]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company has implemented a share buyback program to enhance shareholder value and confidence[39]. - The company completed the first phase of its employee stock ownership plan, purchasing 6,347,300 shares, accounting for 1.48% of the total share capital, with a total transaction amount of approximately RMB 62.69 million[79]. - The company has maintained a good integrity status, with no significant debts or court judgments outstanding[78]. Compliance and Reporting - The financial report for the first half of 2018 was not audited, which may affect the reliability of the financial data presented[117]. - The company has included 10 subsidiaries in the consolidated financial statements, expanding its operational footprint[156]. - The financial statements have been approved by the board of directors on August 17, 2018, ensuring compliance with accounting standards[156]. - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[158].
双箭股份(002381) - 2018 Q1 - 季度财报
2018-04-26 16:00
Financial Performance - The company's operating revenue for Q1 2018 was CNY 304,050,617.79, representing a 9.45% increase compared to CNY 277,788,127.14 in the same period last year[8]. - Net profit attributable to shareholders was CNY 17,747,234.94, an increase of 87.38% from CNY 9,471,466.86 year-on-year[8]. - The net cash flow from operating activities reached CNY 80,893,404.24, up 104.10% from CNY 39,633,819.68 in the previous year[8]. - Basic earnings per share doubled to CNY 0.04 from CNY 0.02, indicating a 100% increase[8]. - The company's weighted average return on equity was 1.04%, up from 0.58% in the previous year[8]. - The net profit attributable to shareholders for the first half of 2018 is expected to be between 62.86 million and 75.44 million RMB, representing a change of 0.00% to 20.00% compared to the same period in 2017[25]. - The net profit for the first half of 2017 was 62.86 million RMB, indicating stable growth in the company's main business[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,085,755,999.56, a slight increase of 0.55% from CNY 2,074,311,470.95 at the end of the previous year[8]. - The company's net assets attributable to shareholders increased by 1.03% to CNY 1,708,372,777.62 from CNY 1,690,903,867.06[8]. - Other receivables decreased by 74.01% compared to the beginning of the period, primarily due to the recovery of equity transfer payments[16]. Expenses and Costs - The company reported a 31.94% decrease in management expenses compared to the same period last year, attributed to the exclusion of Beijing Youji equity from the consolidation scope[16]. - Financial expenses increased by 996.70% compared to the same period last year, mainly due to the appreciation of the RMB and the decline in the USD to RMB exchange rate[17]. - Asset impairment losses increased by 411.54% year-on-year, primarily due to an increase in bad debt provisions for accounts receivable[17]. - Cash paid for purchasing goods and services decreased by 61.17% year-on-year, mainly due to the exclusion of Beijing Youji and Australia Company from the consolidated scope[18]. - Cash paid for various taxes decreased by 36.03% year-on-year, primarily due to the exclusion of Beijing Youji's equity from the consolidated scope[18]. - Cash paid for dividends and interest decreased by 88.59% year-on-year, mainly due to the exclusion of Beijing Youji's equity from the consolidated scope[19]. Revenue and Cash Flow - Operating income increased by 165.89% year-on-year, mainly due to an increase in compensation income received by the parent company[17]. - Cash received from sales of goods and services decreased by 35.16% compared to the same period last year, mainly due to the exclusion of Beijing Youji's equity from the consolidated scope[18]. - Tax refunds received increased by 216.94% year-on-year, primarily due to an increase in export tax rebates[17]. - Cash received from the disposal of fixed assets and other long-term assets increased by 733.91% year-on-year, mainly due to cash received from the disposal of fixed assets[19]. - The impact of exchange rate changes on cash and cash equivalents decreased by 1732.98% year-on-year, mainly due to the appreciation of the RMB and the decline in the USD to RMB exchange rate[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,252[12]. Investment Income - The increase in investment income is attributed to the disposal of idle properties during the reporting period[25].
双箭股份(002381) - 2017 Q4 - 年度财报
2018-04-09 16:00
Financial Performance - The company's operating revenue for 2017 was CNY 1,137,875,297.83, representing a 6.15% increase compared to CNY 1,071,943,872.16 in 2016[16] - The net profit attributable to shareholders for 2017 was CNY 112,515,546.72, a significant increase of 108.73% from CNY 53,904,482.18 in 2016[16] - The net cash flow from operating activities reached CNY 100,581,578.77, marking a substantial increase of 339.59% compared to CNY 22,880,729.61 in the previous year[16] - Basic earnings per share for 2017 were CNY 0.26, doubling from CNY 0.13 in 2016[17] - The total assets at the end of 2017 were CNY 2,074,311,470.95, a decrease of 14.51% from CNY 2,426,294,580.25 at the end of 2016[17] - The net assets attributable to shareholders increased by 4.32% to CNY 1,690,903,867.06 from CNY 1,620,956,371.24 in 2016[17] - The company reported a diluted earnings per share of CNY 0.26, consistent with the basic earnings per share[17] - The weighted average return on equity for 2017 was 6.79%, up from 3.36% in 2016[17] - The company faced a 43.21% decrease in net profit attributable to shareholders after deducting non-recurring gains and losses, totaling CNY 30,881,265.91 in 2017[16] - The company reported a non-operating income of approximately ¥81.63 million in 2017, a significant increase from a loss of ¥478,208.30 in 2016[23] Business Operations - The company’s main business involves the research, production, and sales of rubber conveyor belts, which are widely used in industries such as power, ports, metallurgy, and mining[26] - The company has established a strong supplier management system, ensuring quality control through rigorous supplier evaluations[27] - The domestic sales model includes direct sales to end customers and through distributors, with varying payment policies based on customer classification[28] - The company is recognized as a leading enterprise in the rubber conveyor belt industry, having been ranked first among "China's Top Ten Conveyor Belt Enterprises" for seven consecutive years[30] - The rubber conveyor belt industry in China has a high degree of marketization, with significant competition in mid and low-end products[29] - The company’s sales team has nearly 20 years of experience, establishing stable relationships with major domestic and international clients[28] - In 2017, the company produced 37.64 million square meters of conveyor belts, an increase of 6.84% year-on-year, and sold 36.70 million square meters, up 6.43% year-on-year[37] - The company's operating revenue reached 1.14 billion yuan, a year-on-year growth of 6.15%, while operating profit surged by 199.42% to 122.39 million yuan[37] Investments and Strategic Initiatives - The company actively expanded its investment in the healthcare sector, contributing 80 million yuan to healthcare investment partnerships[40] - The company launched a new nursing home in November 2017, marking a significant step in its healthcare business expansion[41] - The company is participating in the "Belt and Road" initiative, collaborating on a conveyor belt technology project in Uzbekistan[41] - The company was recognized as a key high-tech enterprise under the National Torch Program and has established multiple strategic partnerships to enhance R&D capabilities[34] - In 2017, the company obtained 5 national patents, further strengthening its technological innovation capacity[39] Financial Management - The company plans to distribute a cash dividend of CNY 1.00 per 10 shares based on a total of 428,500,000 shares[4] - The company proposed a cash dividend of CNY 1.00 per 10 shares for 2017, totaling CNY 42,850,000, which is 38.08% of the net profit attributable to shareholders[98] - The total distributable profit as of December 31, 2017, was CNY 473,383,952.89, after accounting for a 10% statutory surplus reserve of CNY 7,475,167.51[100] - The company has not proposed any capital reserve transfer to increase share capital for the reporting period[96] - The company has permanently supplemented its working capital with CNY 156.65 million from the raised funds[74] - The company has repaid bank loans amounting to CNY 96 million as part of its financial strategy[76] Market and Competitive Landscape - The rubber hose and belt industry in China has become the world's largest in terms of production capacity, output, and consumption, but faces challenges such as overcapacity and price competition[87] - The company aims to strengthen its main business and expand the health care industry, with a focus on market development and brand building[89] - In 2018, the company plans to enhance product quality and technology, accelerate automation in production, and optimize internal management[90] - The company expects stable cash flow and does not anticipate a significant increase in working capital needs for 2018[90] - The company faces risks from macroeconomic instability, intensified market competition, and fluctuations in raw material prices[91] Corporate Governance and Management - The company has implemented a comprehensive training program aimed at improving employee skills and operational efficiency[177] - The company maintains independence from its controlling shareholders in business operations, personnel, assets, and finances[183] - The company has revised its articles of association to enhance corporate governance and compliance with regulations[180] - The board of directors consists of 11 members, including 4 independent directors, which is more than one-third of the total[184] - The supervisory board is composed of 3 members, with one employee representative, accounting for one-third of the total[185] - The company has established an internal audit system to ensure effective internal control over daily operations[187] - The independent directors actively participated in board meetings and provided professional opinions on company decisions, ensuring the protection of shareholders' rights, especially for minority shareholders[196] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,754, with significant shareholders including Shen Gengliang holding 20.10% (86,110,293 shares) and Zhejiang Shuangjing Investment Co., Ltd. holding 9.04% (38,750,000 shares)[147] - The company reported a total of 211,891,333 shares held under lock-up conditions, with 17,155,913 shares released and 196,097,420 shares remaining[145] - The company has not engaged in any repurchase agreements during the reporting period[149] - The actual controller of the company is Shen Gengliang, who has held the position of chairman since November 13, 2001[151] - The company has committed to a 36-month lock-up period for shares acquired in the private placement by Zhejiang Shuangjing Investment Co., Ltd. and other investors[152]
双箭股份(002381) - 2017 Q3 - 季度财报
2017-10-30 16:00
Financial Performance - Net profit attributable to shareholders increased by 38.09% to CNY 21,927,700.09 for the current period[8] - Operating income rose by 3.03% to CNY 282,787,564.29 for the current period[8] - Cash flow from operating activities increased by 128.01% to CNY 19,123,718.91 for the current period[8] - The company reported a 976.53% increase in cash flow from operating activities year-to-date, totaling CNY 78,443,359.63[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 13.17% to CNY 12,781,873.16 for the current period[8] - The company's revenue for the reporting period increased by 39.54%, driven by higher sales volume and unit price of conveyor belts[19] - Investment income increased by 1022.16% compared to the same period last year, mainly due to the sale of equity in Beijing Youji[19] - The net profit attributable to shareholders for 2017 is expected to range from 107.81 million to 123.98 million RMB, representing a year-on-year increase of 100% to 130%[31] - The significant increase in investment income is attributed to the sale of 58% equity in Beijing Youji, which greatly boosted the company's profits[31] Asset Management - Total assets decreased by 15.81% to CNY 2,042,692,624.70 compared to the end of the previous year[8] - The company’s total liabilities decreased significantly, with a notable reduction in accounts receivable by 41.65% due to the transfer of equity in Beijing Youji[16] - Inventory decreased by 38.85% as a result of the same equity transfer, indicating a strategic shift in asset management[16] - The company’s cash and cash equivalents decreased by 41.54% primarily due to the purchase of financial products amounting to CNY 168 million[16] - Other receivables increased by 544.44% to CNY 100 million, reflecting the receivable from the equity transfer to Beijing Bosi Agricultural Technology Co., Ltd.[16] - The company's long-term receivables at the end of the reporting period were 0, mainly due to the transfer of equity in Beijing Youji, which is no longer included in the consolidated scope[17] - Long-term equity investments at the end of the reporting period amounted to ¥80,000,330.33, primarily due to the investment in Tongxiang Chunyang No. 1 Equity Investment Fund Partnership[17] - Fixed assets decreased by 25.85% compared to the beginning of the period, mainly due to the transfer of equity in Beijing Youji[17] - The company’s goodwill decreased by 97.28% compared to the beginning of the period, primarily due to the transfer of 58% equity in Beijing Youji[17] - Other non-current assets decreased by 97.55% compared to the beginning of the period, mainly due to the transfer of equity in Beijing Youji[17] - The company’s short-term borrowings decreased by 84.18% compared to the beginning of the period, mainly due to the transfer of equity in Beijing Youji[17] Corporate Governance and Strategy - The company has implemented its first employee stock ownership plan, enhancing employee engagement and retention[26] - There were no violations regarding external guarantees during the reporting period, indicating a stable financial position[32] - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[33] - The company plans to continue expanding its market presence and exploring new investment opportunities[30] - The company has conducted multiple investor relations activities, including site visits on July 21 and July 27, 2017, to enhance transparency[34] - The company is committed to fulfilling its promises made during the IPO and other financing activities, ensuring compliance with regulations[28] - The company is actively pursuing new product development and technological advancements to strengthen its competitive edge[30] - The company has reported a positive outlook for its 2017 performance, indicating a robust operational strategy moving forward[30]