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恒基达鑫(002492) - 2019 Q1 - 季度财报
2019-04-22 16:00
Financial Performance - The company's operating revenue for Q1 2019 was ¥64,754,273.08, representing a 16.78% increase compared to ¥55,450,298.86 in the same period last year[9] - The net profit attributable to shareholders was ¥15,739,866.04, up 43.55% from ¥10,964,975.82 year-on-year[9] - The net profit after deducting non-recurring gains and losses was ¥14,119,840.91, reflecting a 51.52% increase from ¥9,318,593.15 in the previous year[9] - The basic earnings per share increased to ¥0.0389, a rise of 43.54% compared to ¥0.0271 in the same period last year[9] - The company's net profit for Q1 2019 was CNY 17,268,502.41, reflecting a significant increase compared to the previous year's profit[39] - The net profit for Q1 2019 reached CNY 14,234,403.21, representing a 44.5% increase from CNY 9,848,536.14 in Q1 2018[40] - The total comprehensive income for Q1 2019 was CNY 14,107,360.26, compared to CNY 11,764,586.78 in the previous year, reflecting a growth of 19.8%[41] - The company's operating profit for Q1 2019 was CNY 19,015,765.51, an increase of 46.2% from CNY 13,002,068.11 in Q1 2018[40] - The total profit for Q1 2019 was CNY 19,017,388.74, up 47.5% from CNY 12,867,961.83 in the same quarter last year[40] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,612,589,460.47, which is a 3.48% increase from ¥1,558,327,881.27 at the end of the previous year[9] - The total assets as of March 31, 2019, amounted to CNY 1,192,727,801.21, slightly up from CNY 1,189,775,514.96 at the end of 2018[36] - The total liabilities increased to CNY 343,319,424.13 in Q1 2019 from CNY 303,557,995.21 in the previous year[32] - The company's cash and cash equivalents decreased to CNY 48,458,498.39 from CNY 60,465,624.89 at the end of 2018[35] - The total equity attributable to shareholders increased to CNY 1,258,953,965.99 from CNY 1,243,248,352.88 in the previous year[33] - Current liabilities reached CNY 207,613,608.82, while total liabilities were CNY 303,557,995.21[58] - Shareholders' equity totaled CNY 1,254,769,886.06, with a capital reserve of CNY 419,841,382.03[60] Cash Flow - The net cash flow from operating activities was ¥6,483,817.18, down 78.79% from ¥30,568,418.97 in the same period last year[9] - Net cash flow from investing activities dropped significantly by 473.01% to -¥49,102,308.20 from ¥13,163,748.94, mainly due to increased purchases of government bonds[19] - Net cash flow from financing activities increased by 256.10% to ¥50,687,230.44 from -¥32,470,004.16, primarily due to increased bank loans[19] - Total cash inflow from investment activities was ¥120,018,310.35, down 56.5% from ¥275,383,303.63 year-on-year[49] - The net cash flow from investment activities was -¥49,102,308.20, contrasting with a positive cash flow of ¥13,163,748.94 in the previous year[49] - Cash inflow from financing activities totaled ¥56,712,262.50, significantly higher than ¥10,000.00 in the same quarter last year[49] - The net increase in cash and cash equivalents was ¥6,528,771.07, compared to an increase of ¥9,927,594.62 in Q1 2018[49] - Total cash outflow from operating activities was ¥132,451,403.17, down 17.6% from ¥160,730,274.80 year-on-year[48] Investments and Expenses - Trading financial assets increased by 38.16% to ¥116,880,000 compared to ¥84,600,000 in the previous year, primarily due to increased purchases of government bonds[19] - Prepayments rose by 84.95% to ¥2,571,443.94 from ¥1,390,379.33, mainly due to increased service fees prepaid by Zhuhai Hengji and supplier payments in Wuhan[19] - Other debt investments surged by 128.02% to ¥24,258,163.99 from ¥10,638,571.09, attributed to increased bond investments by Xinwei International[19] - Short-term borrowings increased by 57.81% to ¥147,260,622.50 from ¥93,315,300.00, mainly due to loans obtained by Hong Kong Hengji and Wuhan Hengji[19] - Income tax expenses rose by 58.41% to ¥4,782,985.53 from ¥3,019,425.69, reflecting increased income tax provisions due to revenue growth[19] - Other income decreased by 30.15% to ¥1,364,091.86 from ¥1,952,800.41, mainly due to reduced government subsidies received by Zhuhai Hengji[19] - The company reported a decrease in research and development expenses to CNY 2,626,953.46 from CNY 3,202,917.01 year-over-year[38] - The research and development expenses for Q1 2019 were CNY 1,312,890.33, down 23.7% from CNY 1,721,120.69 in the previous year[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,824[14] - The company has not undergone an audit for the first quarter report, which may affect the reliability of the financial data presented[63]
恒基达鑫(002492) - 2018 Q4 - 年度财报
2019-03-29 16:00
Financial Performance - The company's operating revenue for 2018 was CNY 254,570,947.09, representing a 12.39% increase compared to CNY 226,499,972.18 in 2017[16] - The net profit attributable to shareholders for 2018 was CNY 57,583,373.58, a decrease of 11.36% from CNY 64,961,227.63 in 2017[16] - Basic earnings per share for 2018 were CNY 0.1422, down 11.35% from CNY 0.1604 in 2017[16] - The net profit after deducting non-recurring gains and losses was CNY 49,377,320.88, a slight decrease of 1.43% from CNY 50,093,093.91 in 2017[16] - The company achieved a total revenue of ¥234,887,336.53 for the reporting period, representing a year-on-year growth of 10.05%[34] - The net profit attributable to shareholders for the reporting period was ¥57,583,373.58, reflecting a year-on-year decline of 11.36% due to increased tax expenses[34] Cash Flow - The net cash flow from operating activities decreased by 29.25% to CNY 108,125,382.67 in 2018, down from CNY 152,831,267.76 in 2017[16] - The net cash flow from operating activities showed a significant fluctuation, with a negative cash flow of -¥68,700,561.48 in Q2, followed by a recovery to ¥87,187,224.55 in Q3 and ¥59,070,300.63 in Q4[20] - The net cash flow from operating activities was ¥108,125,382.67, a decrease of 29.25% year-on-year, primarily due to increased payments in supply chain and factoring businesses[35] - The net cash flow from investing activities was ¥10,739,290.84, an increase of 136.69% year-on-year, mainly due to the recovery of investments from Zhuhai Hengji and Hengtou Venture Capital[35] - The net cash flow from financing activities was -¥90,605,660.09, a decrease of 26.74% year-on-year, primarily due to loan repayments by Wuhan Hengji and Yangzhou Hengji[35] Assets and Liabilities - The total assets at the end of 2018 were CNY 1,558,327,881.27, a decrease of 0.93% from CNY 1,572,987,336.65 at the end of 2017[16] - The net assets attributable to shareholders increased by 3.18% to CNY 1,243,248,352.88 at the end of 2018, compared to CNY 1,204,925,193.03 at the end of 2017[16] - The company's total assets at the end of 2018 amounted to ¥1,563,000,000, with cash and cash equivalents increasing to ¥208,207,128.27, representing 13.36% of total assets, up from 10.65% in 2017[52] - The company’s fixed assets accounted for 50.23% of total assets at the end of 2018, slightly up from 50.08% in 2017, indicating stability in asset composition[52] - The company’s receivables decreased to ¥48,569,318.02, representing 3.12% of total assets, down from 4.61% in 2017, reflecting improved cash collection[52] Dividends - The company plans to distribute a cash dividend of CNY 0.40 per 10 shares, based on a total of 405,000,000 shares[5] - The proposed dividend distribution is subject to approval at the 2018 annual general meeting[85] - The cash dividend for 2017 was CNY 20,250,000.00, which was 31.17% of the net profit attributable to shareholders for that year[88] - The cash dividend for 2016 was CNY 16,200,000.00, which accounted for 36.51% of the net profit attributable to shareholders for that year[88] - The company has maintained a consistent cash dividend policy over the past three years, with dividends distributed in 2016, 2017, and 2018[87] Research and Development - The company increased its R&D expenses to ¥12,724,681.98 in 2018, a 99.97% increase from ¥6,363,453.95 in 2017, primarily due to increased R&D activities in Yangzhou Hengji[48] - The number of R&D personnel rose to 61 in 2018, representing a 110.34% increase from 29 in 2017, with R&D personnel now accounting for 11.89% of the total workforce[49] - The company completed 15 R&D projects in 2018, focusing on improving efficiency and safety in storage and unloading services, as well as enhancing environmental protection technologies[48] Market and Competition - The company anticipates challenges from increased competition in the storage market, particularly in Zhuhai and Yangzhou regions[79] - The company reported a risk of industry volatility affecting performance due to reliance on large petrochemical producers and traders[75] - The company faces risks related to talent retention and recruitment as competition for skilled personnel intensifies[76] Governance and Compliance - The company maintains a strict internal control system to protect the rights of shareholders and creditors[126] - The company has established a management system for safety production and environmental protection, aligning economic and social benefits[126] - The company has a comprehensive performance evaluation system for senior management, linking performance to compensation[178] - The company has a clear salary policy linking compensation to performance, aimed at motivating employees[165] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,807, an increase from 28,839 at the end of the previous month[140] - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., holds 42.60% of the shares, totaling 172,530,000 shares, with no change during the reporting period[141] - The company reported a total share count of 405,000,000, with 87.19% being unrestricted shares[134] Future Outlook - The company provided guidance for the next fiscal year, projecting a revenue growth of 10% to 1.32 billion RMB[158] - New product launches are expected to contribute an additional 200 million RMB in revenue next year[157] - The company plans to enhance its digital infrastructure, allocating 50 million RMB for technology upgrades in the coming year[158]
恒基达鑫(002492) - 2018 Q3 - 季度财报
2018-10-29 16:00
Financial Performance - Operating revenue for the reporting period was ¥66,185,684.54, representing a year-on-year growth of 20.17%[8] - Net profit attributable to shareholders was ¥18,933,921.76, a significant increase of 91.17% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥17,769,982.10, up 112.26% year-on-year[8] - Basic earnings per share for the reporting period was ¥0.0468, reflecting a growth of 91.02% compared to the same period last year[8] - The weighted average return on equity was 1.54%, an increase from 0.71% at the end of the previous year[8] - The net cash flow from operating activities was ¥87,187,224.55, an increase of 100.97% compared to the same period last year[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,783[12] - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., holds 42.60% of the shares, totaling 172,530,000 shares[12] Asset Changes - Total assets at the end of the reporting period reached ¥1,598,497,182.90, an increase of 1.62% compared to the end of the previous year[8] - Accounts receivable increased by 778.18% to ¥50,205,938 due to the factoring business of Hengxuda[16] - Prepayments rose by 156.19% to ¥1,242,154, primarily due to increased prepayments for letter of credit fees[16] - Other receivables increased by 71.54% to ¥83,461,571, mainly from increased supply chain receivables[16] - Investment properties surged by 1244.59% to ¥31,948,119 due to the acquisition of office buildings[16] Financial Management - Financial expenses decreased by 55.46% to ¥4,995,656, attributed to increased interest income and reduced loan interest[18] - Operating cash flow decreased by 51.71% to ¥49,055,082, mainly due to increased payments in the factoring business[18] - Investment cash flow increased by 137.00% to ¥23,443,880, driven by increased recoveries from financial investments[18] - Total entrusted financial management amounted to ¥17,545,000, with a remaining balance of ¥8,399,000[26] Compliance and Projections - The company reported no significant changes in its non-recurring gains and losses classification during the reporting period[10] - The company reported no violations regarding external guarantees or non-operating fund occupation during the reporting period[23][24] - The estimated net profit for 2018 is projected to range from ¥55,217 to ¥74,705, reflecting a change of -15.00% to 15.00% compared to 2017[20]
恒基达鑫(002492) - 2018 Q2 - 季度财报
2018-08-30 16:00
Financial Performance - The company's operating revenue for the first half of 2018 was CNY 125,177,735.12, representing a 16.51% increase compared to CNY 107,438,651.14 in the same period last year[17]. - The net profit attributable to shareholders decreased by 14.79% to CNY 33,056,439.42 from CNY 38,795,422.30 year-on-year[17]. - Basic earnings per share fell by 14.82% to CNY 0.0816 from CNY 0.0958 in the same period last year[17]. - The company achieved a revenue of 125,177,735.12 CNY in the reporting period, representing a year-on-year growth of 16.51% due to the operational commencement of the Yangzhou Hengji expansion project[36]. - The net profit attributable to shareholders decreased by 14.79% to 33,056,439.42 CNY, primarily due to reduced investment income and increased tax expenses[33]. - Total operating revenue for the first half of 2018 was CNY 125,177,735.12, an increase of 16.5% compared to CNY 107,438,651.14 in the same period of 2017[137]. - Net profit for the first half of 2018 was CNY 31,083,403.85, a decrease of 15.5% from CNY 36,778,594.05 in the previous year[138]. - The company reported a total profit of CNY 39,621,018.97, a decrease of 5.7% compared to CNY 41,812,297.42 in the previous year[137]. Cash Flow and Financial Position - The net cash flow from operating activities was negative at CNY -38,132,142.51, a decline of 165.52% compared to CNY 58,199,329.13 in the previous year[17]. - The company's cash and cash equivalents decreased by 32,073,531.78 CNY, a decline of 150.68%, due to increased business payments and loan repayments[37]. - Operating cash inflow totaled CNY 340,937,290.52, up from CNY 207,088,389.66 in the previous period, representing a 64.3% increase[145]. - Cash inflow from investment activities was CNY 724,220,200.27, significantly higher than CNY 396,944,385.66 in the previous period, marking an 82.3% increase[146]. - The ending cash and cash equivalents balance was CNY 123,775,644.70, down from CNY 167,959,526.71 in the previous period[146]. - Total current assets decreased slightly to CNY 448,886,426.41 from CNY 449,747,445.70, a decline of 0.2%[128]. - Total liabilities decreased to CNY 325,308,783.75 from CNY 351,499,939.16, a reduction of 7.4%[129]. - The total equity attributable to the parent company at the end of the current period is CNY 1,221,487,397.49, compared to CNY 1,173,717,340.98 at the end of the previous period, reflecting an increase of approximately 4.06%[157]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,558,595,040.23, a decrease of 0.91% from CNY 1,572,987,336.65 at the end of the previous year[17]. - The company's total liabilities amounted to CNY 50,374,141.33, while total equity reached CNY 1,136,343,252.51[134]. - The company's available-for-sale financial assets decreased by 1.89% to 10,363,131.16 CNY from 20,288,396.34 CNY, with a fair value loss of 383,193.39 CNY during the reporting period[50]. - Accounts receivable increased significantly to ¥107,967,715.55, representing 6.93% of total assets, attributed to the growth in factoring business[47]. - The company's long-term receivables decreased by 2,749,327.85 CNY, a reduction of 100%, due to the recovery of financing lease payments[26]. Operational Highlights - The company operates primarily in the petrochemical logistics sector, providing loading and storage services in key industrial regions[24]. - Revenue from the warehousing sector was ¥60,803,537.77, accounting for 48.57% of total revenue, with a year-over-year growth of 17.44%[39]. - Revenue from the handling sector was ¥56,197,199.93, making up 44.89% of total revenue, reflecting a year-over-year increase of 14.45%[39]. - Domestic revenue constituted ¥117,000,737.70, which is 93.47% of total revenue, showing a growth of 15.99% compared to the previous year[40]. - The company plans to expand into the health industry, financing leasing, commercial factoring, and supply chain services to enhance overall profitability[75]. Shareholder Information - The total number of shares after the recent changes is 405,000,000, with 98.30% being unrestricted shares[106]. - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., held 42.60% of the shares, totaling 172,530,000 shares[112]. - The total number of shareholders at the end of the reporting period was 27,887[111]. - A total of 51,870,178 restricted shares were released during the reporting period, with 45,001,920 shares being unlocked[109]. Risks and Challenges - The company faces risks from fluctuations in the petrochemical industry, which significantly affect client operations and order stability[69]. - There is a risk of talent loss due to increased competition and rapid project advancements, which may hinder long-term development[71]. - Environmental and safety risks are heightened due to stringent regulations in the petrochemical logistics sector, potentially increasing operational costs[72]. Corporate Governance and Compliance - The company did not engage in any significant equity or non-equity investments during the reporting period[54][60]. - No significant legal disputes or penalties were reported during the period[83][84]. - The company has no significant doubts regarding its ability to continue as a going concern for at least 12 months from the end of the reporting period[179]. - The financial report for the first half of the year was not audited[125].
恒基达鑫(002492) - 2017 Q4 - 年度财报(更新)
2018-06-28 16:00
Financial Performance - The company's operating revenue for 2017 was ¥226,499,972.18, representing an increase of 8.28% compared to ¥209,173,151.83 in 2016[6]. - The net profit attributable to shareholders for 2017 was ¥64,961,227.63, a significant increase of 46.41% from ¥44,370,801.77 in 2016[6]. - The net profit after deducting non-recurring gains and losses was ¥50,093,093.91, up by 29.19% from ¥38,775,925.36 in 2016[6]. - The net cash flow from operating activities reached ¥127,171,267.76, an increase of 15.13% compared to ¥110,454,398.45 in 2016[6]. - The total assets at the end of 2017 were ¥1,572,987,336.65, reflecting a growth of 2.32% from ¥1,537,385,251.06 at the end of 2016[6]. - The net assets attributable to shareholders increased by 4.37% to ¥1,204,925,193.03 at the end of 2017 from ¥1,154,440,882.25 at the end of 2016[6]. - The company reported a basic earnings per share of ¥0.1604, which is a 46.35% increase from ¥0.1096 in 2016[6]. - The weighted average return on equity improved to 5.47% in 2017, up from 3.93% in 2016[6]. - The company achieved operating revenue of CNY 226.5 million, representing a year-on-year growth of 8.28%[40]. - Net profit attributable to shareholders reached CNY 64.96 million, an increase of 46.41% compared to the previous year[40]. - The company reported a net profit of CNY 36,964,585.61 for 2017, with a proposed cash dividend of CNY 20,250,000.00, equating to CNY 0.50 per share[104]. Dividend Policy - The company reported a profit distribution plan, proposing a cash dividend of 0.50 RMB per 10 shares, based on a total of 405,000,000.00 RMB[11]. - The cash dividend payout ratio for 2017 was 31.17% of the net profit attributable to shareholders, compared to 36.51% in 2016 and 33.19% in 2015[102]. - The company has not made any adjustments to its cash dividend policy during the reporting period, adhering to the shareholder return plan established for 2015-2017[96]. - The company plans to distribute dividends in cash, stock, or a combination, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[108]. - The company will ensure that cash dividends are only distributed if the annual profit is positive and can support ongoing operations and long-term development[108]. - The company has committed to a minimum cash dividend ratio of 80% for mature stages without significant capital expenditures, 40% for mature stages with significant expenditures, and 20% for growth stages with significant expenditures[108]. Business Strategy and Expansion - The company plans to diversify into the health industry, financial leasing, commercial factoring, and supply chain services to enhance overall profitability[11]. - The company plans to continue expanding its petrochemical logistics and storage services in the Pearl River Delta, Yangtze River Delta, and Central China regions[31]. - The company aims to develop new business areas such as health industry, financial leasing, and supply chain services to diversify its revenue streams[86]. - The company plans to invest CNY 180 million in a health industry merger fund, with CNY 150 million already raised[40]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2020[179]. - The company is actively pursuing opportunities for mergers and acquisitions to enhance its market position and service capabilities[171]. Risks and Challenges - The company faces risks from fluctuations in the petrochemical industry, which significantly impact client operations and order stability[6]. - There is a risk of decreased customer demand due to mismatches between storage tank types and client needs, influenced by international oil prices and macroeconomic conditions[7]. - Increased competition in the petrochemical logistics sector is noted, particularly in the Pearl River Delta and Yangtze River Delta regions, affecting customer retention and expansion costs[9]. - The company recognizes risks related to fluctuations in the petrochemical industry, which could impact its performance due to dependency on major clients[87]. - The company faces environmental and safety risks due to the nature of its operations involving hazardous materials[89]. Operational Efficiency and Management - The company has a governance structure that complies with relevant laws and regulations, ensuring independent operation and fair treatment of all shareholders[187]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[188]. - The company has implemented a transparent performance evaluation and incentive mechanism for its executives, aiming to attract and retain talent[189]. - The company emphasizes a commitment to social responsibility, including environmental protection and employee welfare[145]. - The company has established a performance-based salary policy to motivate employees, linking salary increases to annual economic performance and individual assessments[183]. Financial Management and Investments - The company provided guarantees totaling RMB 42,000 million to its subsidiaries, with actual guarantees amounting to RMB 10,128.01 million[132]. - The total amount of guarantees provided by the company accounted for 17.53% of its net assets[131]. - The company engaged in various bank wealth management products with fixed interest rates ranging from 3.10% to 3.60%[137]. - The company’s cash management strategy includes a focus on low-risk, principal-protected financial products[137]. - The company’s financial management practices have resulted in a total return of RMB 8.07 million from its wealth management investments during the reporting period[137]. Shareholder Structure - The company’s stock is listed on the Shenzhen Stock Exchange under the code 002492, reflecting its public trading status[18]. - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., holds 42.60% of the shares, totaling 172,530,000 shares[158]. - The company has 27,762 shareholders at the end of the reporting period[158]. - The top 10 unrestricted shareholders hold a total of 182,000,000 shares, with Zhuhai Shiyou Chemical Co., Ltd. being the largest shareholder with 165,030,000 shares[159]. - The company’s actual controller is the chairwoman of Zhuhai Shiyou Chemical Co., Ltd., indicating a family relationship with one of the directors[158]. Employee and Talent Management - The total number of employees in the company is 500, with 222 in the parent company and 278 in major subsidiaries[181]. - The company has a professional composition of 288 production personnel, 50 sales personnel, 63 technical personnel, 14 financial personnel, and 85 administrative personnel[181]. - The company has developed a training program focusing on management strategy, industry communication, and market analysis, as well as technical qualifications[184]. - The company maintains a strong focus on talent development and employee engagement as part of its corporate culture[146]. Compliance and Governance - The company has established a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring independent operational management[193]. - The company has an independent financial department with a separate accounting system and bank accounts, ensuring no shared accounts with the controlling shareholder[193]. - The company has a fully independent business operation system, with no mixed operations with the controlling shareholder[192]. - The company has fulfilled all commitments made regarding the reduction and regulation of related party transactions during the reporting period[106].
恒基达鑫(002492) - 2017 Q4 - 年度财报
2018-06-28 16:00
Financial Performance - The company's operating revenue for 2017 was ¥226,499,972.18, representing an increase of 8.28% compared to ¥209,173,151.83 in 2016[6]. - The net profit attributable to shareholders for 2017 was ¥64,961,227.63, a significant increase of 46.41% from ¥44,370,801.77 in 2016[6]. - The net profit after deducting non-recurring gains and losses was ¥50,093,093.91, up by 29.19% from ¥38,775,925.36 in 2016[6]. - The net cash flow from operating activities reached ¥127,171,267.76, reflecting a 15.13% increase from ¥110,454,398.45 in 2016[6]. - The total assets at the end of 2017 amounted to ¥1,572,987,336.65, which is a 2.32% increase from ¥1,537,385,251.06 at the end of 2016[6]. - The net assets attributable to shareholders increased by 4.37% to ¥1,204,925,193.03 from ¥1,154,440,882.25 in 2016[6]. - The company reported a basic earnings per share of ¥0.1604, up 46.35% from ¥0.1096 in 2016[6]. - The weighted average return on net assets was 5.47%, an increase of 1.54 percentage points from 3.93% in 2016[6]. - The company achieved operating revenue of CNY 226.5 million, representing a year-on-year growth of 8.28%[40]. - Net profit attributable to shareholders reached CNY 64.96 million, an increase of 46.41% compared to the previous year[40]. Dividend Distribution - The company reported a profit distribution plan, proposing a cash dividend of 0.50 RMB per 10 shares, based on a total of 405,000,000.00 RMB[11]. - The company reported a net profit of CNY 36,964,585.61 for 2017, with a proposed cash dividend of CNY 20,250,000.00, equating to CNY 0.50 per share[104]. - The total distributable profit available for shareholders as of December 31, 2017, was CNY 261,080,652.38, after accounting for the legal surplus reserve and previous dividends[104]. - The cash dividend payout ratio for 2017 was 31.17% of the net profit attributable to shareholders, compared to 36.51% in 2016 and 33.19% in 2015[102]. - The company has not made any adjustments to its cash dividend policy during the reporting period, adhering to the shareholder return plan established for 2015-2017[96]. - The company plans to distribute dividends in cash, stock, or a combination, with a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[108]. Business Operations and Strategy - The company operates primarily in the chemical storage sector, serving major domestic and international petrochemical producers and traders[6]. - The company plans to diversify into the health industry, financial leasing, commercial factoring, and supply chain services to enhance overall profitability[11]. - The company plans to continue developing its logistics and warehousing capabilities in the Pearl River Delta, Yangtze River Delta, and Central China regions[31]. - The company plans to expand its business scope and improve market development capabilities through acquisitions and mergers, enhancing its operational structure[77]. - The company aims to strengthen its core competitiveness in the solid hazardous chemical storage service market while leveraging existing facilities and services[82]. - The company intends to diversify its business by actively developing new sectors such as health, financial leasing, commercial factoring, and supply chain services[86]. Risks and Challenges - The company faces risks from fluctuations in the petrochemical industry, which significantly impact client operations and order stability[6]. - There is a risk of decreased customer demand due to mismatches between storage tank types and client needs, influenced by international oil prices and macroeconomic conditions[7]. - Increased competition in the petrochemical logistics sector is noted, particularly in the Pearl River Delta and Yangtze River Delta regions, affecting customer retention and expansion costs[9]. - The company recognizes the increasing costs associated with safety and environmental compliance in the petrochemical logistics industry[89]. - The company has faced risks in developing new businesses due to a lack of deep industry resources in the targeted sectors[92]. Governance and Compliance - The company is committed to improving governance and internal management systems to reduce operational costs and enhance risk control[83]. - The company has established a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, ensuring independent operational management[193]. - The company has an independent financial department with a separate accounting system and bank accounts, ensuring no shared accounts with the controlling shareholder[193]. - The company maintains compliance with corporate governance standards as per the regulations set by the China Securities Regulatory Commission[191]. - The company has fulfilled its commitments regarding related party transactions and competitive business practices as of the end of the reporting period[106]. Employee and Social Responsibility - The company emphasizes the importance of human resources and plans to enhance talent retention through competitive compensation and a fair promotion mechanism[88]. - The company emphasizes social responsibility and actively engages in environmental protection and public welfare initiatives[190]. - The company has established a transparent performance evaluation and incentive mechanism for directors, supervisors, and managers[189]. - The company adheres to a performance-linked compensation policy, promoting a competitive environment based on annual economic performance and individual assessments[183]. Future Outlook - Future outlook indicates a projected revenue growth of 15% for 2018, driven by market expansion and new product launches[171]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by 2020[179]. - The company has set a performance guidance for 2018, aiming for a revenue growth of 20%[179]. - New product lines are expected to launch in Q2 2018, projected to contribute an additional 5% to overall revenue[171].
恒基达鑫(002492) - 2018 Q1 - 季度财报
2018-04-27 16:00
Financial Performance - The company's operating revenue for Q1 2018 was ¥55,450,298.86, representing a 6.87% increase compared to ¥51,886,801.99 in the same period last year[8] - The net profit attributable to shareholders decreased by 4.40% to ¥10,964,975.82 from ¥11,469,064.21 year-on-year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,318,593.15, down 7.19% from ¥10,040,003.55 in the previous year[8] - The basic earnings per share for the period was ¥0.0271, down 4.24% from ¥0.0283 in the same period last year[8] - The diluted earnings per share also stood at ¥0.0271, reflecting the same decrease of 4.24% compared to the previous year[8] - The weighted average return on equity decreased to 0.91% from 1.42% year-on-year, a decline of 0.51%[8] - The estimated net profit attributable to shareholders for the first half of 2018 is expected to range from ¥3,103.63 million to ¥4,655.45 million, reflecting a change of -20.00% to 20.00%[19] Cash Flow and Assets - The net cash flow from operating activities increased significantly by 119.45% to ¥30,568,418.97, compared to ¥13,929,551.41 in the same period last year[8] - Total assets at the end of the reporting period were ¥1,536,595,331.68, a decrease of 2.31% from ¥1,572,987,336.65 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.07% to ¥1,217,877,197.27 from ¥1,204,925,193.03 at the end of the previous year[8] - Cash generated from operating activities increased by 119.45% to ¥30,568,418.97 from ¥13,929,551.41 due to increased collections from supply chain business[17] - Cash generated from investing activities decreased by 82.24% to ¥13,163,748.94 from ¥74,107,006.01 due to reduced redemption of financial investments[17] - Cash used in financing activities increased by 970.18% to -¥32,470,004.16 from -¥3,034,072.14 due to repayment of bank loans[17] Changes in Financial Metrics - Accounts receivable decreased by 73.89% to ¥1,492,720 from ¥5,717,052.28 due to the maturity of bank acceptance bills[17] - Prepayments increased by 659.69% to ¥3,683,359.20 from ¥484,847.39 primarily due to increased service fee prepayments[17] - Employee compensation payable decreased by 59.55% to ¥3,276,397.81 from ¥8,100,552.21 as bonuses accrued in the previous year were paid out[17] - Other comprehensive income increased by 124.55% to ¥3,454,480.30 from ¥1,538,429.66 due to an increase in foreign currency translation differences[17] - Taxes and surcharges increased by 229.66% to ¥562,670.20 from ¥170,680.74 mainly due to increased land use tax and property tax[17] - Financial expenses decreased by 68.05% to ¥1,857,969.48 from ¥5,815,404.25 due to reduced exchange losses[17] Government Support - The company received government subsidies amounting to ¥1,952,800.41 during the reporting period[9]
恒基达鑫(002492) - 2017 Q3 - 季度财报
2017-10-27 16:00
Financial Performance - Net profit attributable to shareholders was CNY 9,904,410.38, an increase of 372.98% year-on-year[8]. - Operating income for the reporting period was CNY 55,075,760.18, down 1.06% compared to the same period last year[8]. - Basic earnings per share were CNY 0.0245, reflecting a 372.98% increase year-on-year[8]. - The company expects net profit attributable to shareholders for 2017 to range between ¥53,245,000 and ¥66,556,200, representing a growth of 20.00% to 50.00%[20]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 101,583,252.53, an increase of 41.98%[8]. - Cash and cash equivalents decreased by 35.38% to ¥84,758,393.41 due to repayment of bank loans during the reporting period[16]. - Accounts receivable increased by 42.09% to ¥45,454,600.41, primarily due to increased customer receivables from Zhuhai Hengji and Yangzhou Hengji[16]. - Other current assets rose by 48.76% to ¥272,308,453.23, mainly due to increased investment in financial products[16]. - Operating cash flow net amount increased by 41.98% to ¥101,583,252.53, primarily due to government subsidies received[17]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,589[12]. - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., held 43.34% of the shares[12]. - The company did not engage in any repurchase transactions during the reporting period[13]. Liabilities and Expenses - Short-term borrowings decreased by 35.41% to ¥145,572,554.00 as a result of loan repayments[16]. - Deferred income increased by 450.93% to ¥28,409,377.07 due to government subsidies received during the reporting period[16]. - Management expenses rose by 32.15% to ¥22,031,685.20, mainly due to increased R&D expenses[17]. - The company recorded a 187.53% increase in taxes and surcharges to ¥2,285,569.91 due to changes in tax collection criteria[17]. Asset Overview - Total assets at the end of the reporting period were CNY 1,508,468,387.82, a decrease of 1.88% compared to the end of the previous year[8]. - The company reported non-recurring gains and losses totaling CNY 8,119,171.04 for the year-to-date[10]. - The company reported a significant decrease in long-term receivables by 83.28% to ¥2,796,729.62, attributed to a reduction in long-term receivables from Hengji Runye[16]. - The weighted average return on equity was 0.83%, a decrease of 1.15% compared to the previous year[8].
恒基达鑫(002492) - 2017 Q2 - 季度财报
2017-08-29 16:00
Financial Performance - The company's operating revenue for the first half of 2017 was CNY 107,438,651.14, representing a 4.17% increase compared to CNY 103,141,902.79 in the same period last year[17]. - Net profit attributable to shareholders was CNY 38,795,422.30, a significant increase of 35.33% from CNY 28,667,134.28 year-on-year[17]. - The net profit after deducting non-recurring gains and losses was CNY 32,208,858.42, up 19.22% from CNY 27,015,215.83 in the previous year[17]. - Basic earnings per share rose to CNY 0.0958, reflecting a 35.31% increase from CNY 0.0708 in the previous year[17]. - Total operating revenue for the current period reached ¥107,438,651.14, an increase of 4.0% compared to ¥103,141,902.79 in the previous period[139]. - The profit attributable to the parent company's shareholders was ¥38,795,422.30, compared to ¥28,667,134.28 in the same period last year, marking a growth of 35.3%[140]. - Net profit for the current period was ¥36,778,594.05, representing a 29.9% increase from ¥28,304,770.78 in the previous period[140]. Cash Flow - The net cash flow from operating activities increased by 49.18% to CNY 58,199,329.13, compared to CNY 39,013,621.47 in the same period last year[17]. - Cash inflow from financing activities was CNY 347,669,316.69, a decrease from CNY 3,775,424,356.20, showing a substantial drop of about 90.8%[147]. - The net cash flow from financing activities was CNY 42,812,416.41, an increase from CNY 30,287,441.72, indicating a growth of approximately 41.4%[147]. - Cash inflow from other operating activities was CNY 114,943,996.04, significantly higher than CNY 72,930,816.47 in the previous period, marking an increase of approximately 57.5%[144]. - Cash and cash equivalents increased by CNY 83.77 million, a growth of 63.86% due to net cash inflows from operating and financing activities[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,648,337,891.97, marking a 7.22% increase from CNY 1,537,385,251.06 at the end of the previous year[17]. - Total liabilities increased to CNY 452,934,193.57 from CNY 363,667,910.08, reflecting a growth of around 24.5%[132]. - Short-term borrowings rose to CNY 306,400,515.29 from CNY 225,365,028.92, an increase of approximately 36.0%[132]. - Owner's equity totaled CNY 1,195,403,698.40, up from CNY 1,173,717,340.98, showing a growth of about 1.8%[133]. - The company's equity increased by 6.77% to ¥405,000,000.00, resulting from capital reserves being converted into share capital[51]. Investments and Projects - The company plans to invest CNY 180 million to establish a health industry merger fund, with CNY 150 million already raised for the first phase[39]. - The construction of the third-phase warehousing logistics project in Yangzhou is nearly complete, expected to add 66,500 cubic meters of storage capacity[38]. - The company is actively expanding into supply chain finance and the health industry, which presents new operational and investment risks[82]. Shareholder Information - The total number of shares increased from 270,000,000 to 405,000,000 due to the implementation of the 2016 annual profit distribution plan[112]. - The largest shareholder, Zhuhai Shiyou Chemical Co., Ltd., holds 43.34% of the shares, amounting to 175,530,000 shares, with 58,510,000 shares added during the reporting period[114]. - The company reported a total of 35,079 common stock shareholders at the end of the reporting period[114]. Risks and Challenges - The company faces a risk of talent loss due to increased demand for skilled management, marketing, and technical personnel as new projects and businesses expand[78]. - There is a risk of decreased customer demand for storage tanks due to mismatches with existing tank types and the impact of international oil prices and macroeconomic conditions[80]. - Increased competition in the storage market, particularly in Zhuhai and Yangzhou, is putting pressure on the company to maintain and expand its customer base[81]. Accounting and Financial Reporting - The financial report for the half-year period has not been audited[128]. - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position accurately[177]. - The company has made changes to its accounting estimates regarding bad debt provisions for accounts receivable related to supply chain services and financing leasing[176].
恒基达鑫(002492) - 2017 Q1 - 季度财报
2017-04-21 16:00
Financial Performance - The company's operating revenue for Q1 2017 was ¥51,886,801.99, representing an increase of 8.18% compared to ¥47,963,193.38 in the same period last year[8] - Net profit attributable to shareholders for Q1 2017 was ¥11,469,064.21, a significant increase of 48.38% from ¥7,729,542.22 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥10,040,003.55, up 64.68% from ¥6,096,749.14 year-on-year[8] - Basic earnings per share for Q1 2017 were ¥0.0425, an increase of 48.60% compared to ¥0.0286 in the previous year[8] - The company expects net profit attributable to shareholders for the first half of 2017 to increase by 10.00% to 60.00%, ranging from ¥31,533,800 to ¥45,867,400[20] Cash Flow - The net cash flow from operating activities reached ¥13,929,551.41, marking a 34.91% increase from ¥10,325,122.26 in the same period last year[8] - The company reported a 178.29% increase in cash received from operating activities to ¥53,093,245.55 due to supply chain financing activities[16] - Cash paid for purchasing goods and services increased by 60.37% to ¥13,878,235.36 due to higher purchases during the period[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,554,801,488.72, reflecting a 1.13% increase from ¥1,537,385,251.06 at the end of the previous year[8] - Net assets attributable to shareholders at the end of the reporting period were ¥1,170,292,477.31, up 1.37% from ¥1,154,440,882.25 at the end of the previous year[8] - Cash and cash equivalents increased by 73.77% to ¥227,935,971.88 due to increased bank loans[16] - Accounts receivable notes rose by 38.70% to ¥1,971,215.00 as a result of receiving bank acceptance bills from customers[16] - Available-for-sale financial assets decreased by 43.56% to ¥83,111,953.58 primarily due to the sale of bonds by XW International[16] - Long-term borrowings increased by 37.97% to ¥109,000,000.00 as a result of new loans from Wuhan Hengji[16] Investments and Income - Investment income rose by 209.59% to ¥3,574,363.50 due to gains from bond sales by XW International[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,851[12] - The weighted average return on equity was 1.42%, an increase of 0.73% compared to 0.69% in the previous year[8] Government Support - The company received government subsidies amounting to ¥98,226.50 during the reporting period[9] Commitments - The company has no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[19] Construction Activities - Construction in progress surged by 263.89% to ¥13,034,771.14 due to increased construction activities at Yangzhou Hengji[16]