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新亚制程(002388) - 2014 Q2 - 季度财报
2014-08-27 16:00
Financial Performance - The company's operating revenue for the reporting period was CNY 259,856,672.92, representing a 36.20% increase compared to CNY 190,787,533.82 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was CNY 7,234,780.24, up 4.80% from CNY 6,903,621.23 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,999,872.80, an increase of 8.63% from CNY 5,522,971.32[21]. - Basic earnings per share increased to CNY 0.04, up 33.33% from CNY 0.03 in the previous year[21]. - Diluted earnings per share also rose to CNY 0.04, reflecting a 33.33% increase compared to CNY 0.03[21]. - The weighted average return on net assets was 1.29%, slightly up from 1.19% in the previous year[21]. - The company achieved operating revenue of CNY 259,856,672.92, a year-on-year increase of 36.20%[30]. - Net profit attributable to shareholders was CNY 7,234,780.24, reflecting a year-on-year growth of 4.80%[30]. - Gross profit margin decreased to 20.41%, down 5.64% from the previous year, primarily due to a decline in sales volume of electronic adhesive products[31]. - Operating costs rose to CNY 207,166,045.24, an increase of 46.18% compared to the previous year[31]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY -16,254,029.50, a significant decrease of 806.22% compared to CNY 2,301,552.78 in the same period last year[21]. - The company reported a cash flow from operating activities of RMB 400 million, indicating strong liquidity and operational efficiency[168]. - Cash inflow from operating activities totaled 309,734,833.83 CNY, up from 220,266,525.74 CNY, reflecting a growth of approximately 40.5%[130]. - Cash outflow from operating activities increased to 325,988,863.33 CNY from 217,964,972.96 CNY, representing a rise of about 49.7%[130]. - The total cash and cash equivalents at the end of the period were 102,583,427.87 CNY, down from 227,321,992.89 CNY, a decrease of approximately 54.9%[130]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 630,493,788.48, reflecting a 4.65% increase from CNY 602,462,267.21 at the end of the previous year[21]. - The total liabilities rose from CNY 33,206,134.24 to CNY 52,698,592.60, indicating an increase of approximately 58.9%[120]. - The total current assets decreased from CNY 511,362,449.72 to CNY 443,131,260.24, representing a decline of about 13.3%[118]. - The company's cash and cash equivalents dropped significantly from CNY 199,489,722.80 to CNY 102,914,862.02, a decrease of approximately 48.7%[118]. - The company's equity attributable to shareholders increased slightly from CNY 555,531,061.84 to CNY 560,767,842.08, a growth of about 0.4%[120]. Investment and R&D - Research and development expenses increased by 14.97% to CNY 4,371,964.76[34]. - The company is investing in R&D, allocating RMB 100 million to develop new technologies aimed at improving production efficiency by 15%[166]. - The company reported a significant increase in cash outflow for purchasing goods and services, which rose to 267,537,150.64 CNY from 165,840,873.45 CNY, an increase of about 61.3%[130]. Corporate Governance and Compliance - The company has established a robust internal audit system to oversee daily operations and significant related transactions[74]. - There were no major litigation or arbitration matters during the reporting period, indicating a stable legal environment for the company[75]. - The governance structure of the company is compliant with relevant laws and regulations, ensuring independent operation from the controlling shareholder[71]. - The board of directors consists of eight members, including three independent directors, meeting legal requirements for governance[72]. - The company confirms that its financial statements reflect a true and complete view of its financial status, operating results, and cash flows[151]. Market and Strategic Outlook - The company plans to continue promoting existing businesses and strengthen innovation for product upgrades in the second half of the year[35]. - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[126]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share within the next two years[164]. - A strategic acquisition of a smaller competitor was completed, which is anticipated to enhance the company's product offerings and increase market share by 5%[165]. Shareholder Information - The company distributed a cash dividend of 0.1 yuan per 10 shares, totaling 1,998,000 yuan (including tax) based on a total share capital of 19,980,000 shares as of December 31, 2013[66]. - The cash dividend policy complies with the company's articles of association and shareholder meeting resolutions, ensuring clarity and transparency in decision-making processes[67]. - The company has no significant projects funded by non-raising funds during the reporting period[63]. - The company reported a total of 199,800,000 shares, with 8.78% being limited sale shares and 91.22% being unrestricted sale shares[102]. Related Party Transactions - The company reported a total of 8.2 million yuan in related party transactions, with 2.24% and 11.60% of the total transaction amount attributed to maintenance fees paid to Shenzhen New Power and New Asia Automotive Trading Co., respectively[82]. - There were no related party debt and credit transactions during the reporting period[85]. - The company reported no other significant related party transactions during the reporting period[86]. Financial Instruments and Investments - The financial instruments held by the company include trading assets valued at RMB 300 million, with a projected return of 8%[167]. - Long-term equity investments are initially recognized at the fair value of the consideration paid, including cash, non-cash assets, or assumed liabilities[180]. - The company recognizes impairment losses for long-term equity investments when the recoverable amount is less than the carrying amount[185]. Impairment and Depreciation - The company assesses fixed assets for impairment at the end of each period, estimating recoverable amounts based on fair value less disposal costs or the present value of expected future cash flows[191]. - The company uses the straight-line method for depreciation of fixed assets, with specific depreciation rates based on asset categories[190]. - The depreciation rates for various fixed asset categories range from 1.90% to 19.00% depending on the asset type[190].
新亚制程(002388) - 2013 Q4 - 年度财报
2014-04-25 16:00
Financial Performance - The company's operating revenue for 2013 was CNY 419,771,006.74, a decrease of 1.4% compared to CNY 425,725,499.34 in 2012[23] - The net profit attributable to shareholders for 2013 was CNY 9,917,829.83, down 31.64% from CNY 14,508,468.45 in 2012[23] - The net profit after deducting non-recurring gains and losses was CNY 6,626,363.81, a decline of 46.68% from CNY 12,428,504.70 in 2012[23] - The net cash flow from operating activities was negative CNY 14,571,370.87, a significant drop from CNY 97,691,892.74 in 2012, representing a decrease of 114.92%[23] - Basic earnings per share for 2013 were CNY 0.05, down 28.57% from CNY 0.07 in 2012[23] - Total assets at the end of 2013 were CNY 602,462,267.21, a decrease of 2.88% from CNY 620,343,644.55 at the end of 2012[23] - The net assets attributable to shareholders decreased to CNY 555,531,061.84, down 1.78% from CNY 565,593,232.01 in 2012[23] - The weighted average return on net assets for 2013 was 1.77%, a decline of 0.76% from 2.53% in 2012[23] Revenue and Income Sources - The company's main business revenue for 2013 was CNY 413,655,000.85, showing a slight increase of 0.05% compared to CNY 413,439,605.97 in 2012[39] - The company achieved a main business income of CNY 413,655,000.85, representing 98.54% of total revenue, with a slight increase of 0.05% year-on-year[38] - Other business income decreased by 50.22% to CNY 6,116,005.89, mainly due to reduced revenue from electronic equipment leasing[38] - The revenue from electronic equipment grew by 18.03% to CNY 144,482,961.62, while chemical auxiliary materials saw a significant increase of 32.85% to CNY 173,166,091.49[60] - The company reported a total revenue of RMB 50,150,315, with a slight increase from RMB 50,112,736 in the previous year, representing a growth of approximately 0.08%[86] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of CNY -1,457.14 million, a decrease of 114.92% year-on-year, primarily due to extended credit terms from major customers[35] - The company reported a net cash outflow from investing activities of CNY -8,308.19 million, an increase of 8,396.27% year-on-year, attributed to increased purchases of principal-protected short-term financial products[35] - The total cash and cash equivalents decreased by CNY 122,658,047.35, reflecting a decline of 273.3% compared to the previous year[56] - The company’s cash and cash equivalents decreased by 18.77% to CNY 199,489,722.80, primarily due to investments in short-term financial products[62] Strategic Initiatives and Future Plans - The company plans to enhance its service capabilities and establish strategic partnerships with key clients in the electronics manufacturing sector[36] - The company is focusing on optimizing its product line and integrating upstream resources to improve profitability and service capabilities[33] - The company plans to gradually introduce automation technology to improve manufacturing processes and reduce labor costs[66] - The company aims to enhance its product competitiveness by continuously developing specialized products to meet market demands[66] - The company plans to establish strategic partnerships with 3-5 major manufacturing enterprises to enhance its electronic processing services[96] - The company will continue to expand its product line by deepening product research and development, focusing on both vertical and horizontal product line extensions[95] Corporate Governance and Compliance - The company is committed to strengthening its internal control systems and improving corporate governance structures[37] - The company has established a governance structure that complies with relevant laws and regulations, ensuring independent operation of the board and supervisory committee[169] - The board consists of nine members, including three independent directors, meeting legal requirements[170] - The company maintains complete independence from its controlling shareholders in operations, finance, and management, ensuring no conflicts of interest[187] - The company has implemented a system for accountability regarding significant errors in annual reports, with good execution noted during the reporting period[196] Shareholder Information and Dividends - The company plans to distribute a cash dividend of CNY 0.10 per 10 shares to all shareholders[5] - The company proposed a cash dividend of 0.10 yuan per 10 shares, totaling 1,998,000.00 yuan, which represents 100% of the distributable profit[113] - The cash dividend payout ratio for 2012 was 137.71%, with a total cash dividend of 19,980,000.00 yuan against a net profit of 14,508,468.45 yuan[112] - The cash dividend payout ratio for 2011 was 118.93%, with a total cash dividend of 29,970,000.00 yuan against a net profit of 25,200,278.92 yuan[112] Market and Industry Analysis - The electronic manufacturing industry is experiencing pressure on margins due to cost constraints in traditional products, while opportunities are emerging in the high-end market with new technologies and materials[89] - The overall market for consumer electronics continues to grow, despite challenges in the low-end product segment[89] - The competitive landscape in the traditional product supply chain is becoming increasingly complex, with many strong competitors present[90] Employee and Management Structure - The company employed a total of 490 staff, with 37.35% in service roles, 21.02% in production, and 17.14% in management[164] - The company has a total of 84 management personnel, representing 17.14% of the workforce[164] - The company’s financial director has been in position since April 2011, indicating stability in financial management[154] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 24.549 million yuan, with an additional 1.427 million yuan from the shareholder unit, totaling 25.976 million yuan[159] Risk Management - The company faces risks related to industry dependence, market competition, and fluctuations in raw material prices[13] - The company will strengthen supplier management and leverage centralized purchasing to mitigate risks associated with material price fluctuations[103] Subsidiary Performance - The company’s subsidiary, Suzhou New Asia Electromechanical Equipment Co., Ltd., reported a net profit of CNY -267,659[84] - Shenzhen Haoshun Electric Co., Ltd., another subsidiary, reported a net profit of CNY -247,335[84] - New Asia New Materials Co., Ltd. reported a net profit of CNY -272,072, indicating challenges in profitability[84]
新亚制程(002388) - 2014 Q1 - 季度财报
2014-04-25 16:00
Financial Performance - The company's operating revenue for Q1 2014 was ¥123,009,568.27, representing a 50.56% increase compared to ¥81,699,765.27 in the same period last year[8] - Net profit attributable to shareholders was ¥3,098,997.04, up 10.28% from ¥2,810,209.93 year-on-year[8] - The net cash flow from operating activities was -¥11,239,621.17, a significant increase of 9,322.91% compared to -¥119,279.77 in the previous year[8] - Basic and diluted earnings per share both doubled to ¥0.02 from ¥0.01[8] - Total assets at the end of the reporting period were ¥601,896,774.69, a slight decrease of 0.09% from ¥602,462,267.21 at the end of the previous year[8] - The weighted average return on equity was 0.54%, slightly up from 0.49% in the previous year[8] - The company’s net assets attributable to shareholders increased by 0.56% to ¥558,630,058.88 from ¥555,531,061.84[8] - The net profit attributable to shareholders for the first half of 2014 is expected to range from 6.9 million to 9 million CNY, representing a growth of 0% to 30% compared to the same period in 2013[24] - The net profit for the first half of 2013 was 6.9036 million CNY, indicating a positive outlook for the company's financial performance[24] - The company is optimistic about achieving a positive net profit without being in a turnaround situation for the upcoming reporting period[24] Customer and Market Activity - The company reported a 386.45% increase in advance receipts, indicating a rise in customer prepayments[17] - The company aims to enhance gross margins and expand sales areas through continuous new product development[24] - The company is actively working on new product development to drive revenue growth[24] Shareholder Commitments and Corporate Governance - The commitments made by major shareholders to avoid competition remain unviolated as of the reporting period[20] - The company has established long-term commitments to prevent direct or indirect competition with its own business[20] - The company is focused on maintaining its competitive edge by not disclosing proprietary information to competing entities[23] - The company has committed to not engaging in any activities that could harm its interests or those of its shareholders[23] - The company’s major shareholders have reaffirmed their commitment to avoid conflicts of interest and competition[20] Strategic Decisions - The company decided to terminate the acquisition of assets due to disagreements with counterparties regarding the target company's growth prospects[18] - The company experienced a 91.03% decrease in financial expenses, primarily due to reduced interest income[17]