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顾地科技(002694) - 2017 Q3 - 季度财报
2017-10-20 16:00
顾地科技股份有限公司 2017 年第三季度报告全文 顾地科技股份有限公司 2017 年第三季度报告全文 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。 顾地科技股份有限公司 2017 年第三季度报告 2017 年 10 月 1 所有董事均已出席了审议本次季报的董事会会议。 公司负责人任永明、主管会计工作负责人王汉华及会计机构负责人(会计主 管人员)刘全中声明:保证季度报告中财务报表的真实、准确、完整。 2 顾地科技股份有限公司 2017 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产(元) | 2,851,255,756.57 | 2,295,483,003.84 | | 24.21% | | 归属于上市公司股东的净资产(元) | 994,246,848.96 | ...
顾地科技(002694) - 2017 Q2 - 季度财报
2017-08-17 16:00
Financial Performance - The company's operating revenue for the first half of 2017 was ¥788,526,592.67, representing a 19.19% increase compared to ¥661,558,915.12 in the same period last year[17]. - The net profit attributable to shareholders decreased by 23.59% to ¥6,276,135.06 from ¥8,213,581.82 in the previous year[17]. - The net profit after deducting non-recurring gains and losses increased by 141.74% to ¥5,140,240.09, up from ¥2,126,354.39 in the same period last year[17]. - The net cash flow from operating activities was negative at -¥86,038,181.86, a decline of 643.67% compared to ¥15,825,323.29 in the previous year[17]. - Total assets at the end of the reporting period reached ¥2,813,992,066.08, a 22.59% increase from ¥2,295,483,003.84 at the end of the previous year[17]. - The net assets attributable to shareholders increased slightly by 0.18% to ¥980,802,608.78 from ¥979,005,200.90 at the end of the previous year[17]. - The company's total revenue reached CNY 788.53 million, representing a year-on-year growth of 19.19%, driven by increased revenue from both the plastic manufacturing and sports event businesses[32]. - The company's revenue from plastic pipes and fittings reached ¥737.69 million, with a year-on-year increase of 13.38%[37]. - The gross margin for plastic pipes and fittings was 19.26%, a decrease of 1.67% compared to the previous year[37]. - The revenue from sports events was ¥49.15 million, with a gross margin of 84.95%[37]. Cash Flow and Financing - The company's cash flow from operating activities showed a significant negative change, with a net cash outflow of CNY 86.04 million, primarily due to increased cash payments for raw materials[34]. - The company's long-term borrowings decreased by CNY 56 million, a 100% reduction, as there were no long-term borrowings during the current period[26]. - The total cash inflow from financing activities reached 1,003,136,880.00 CNY, compared to 519,552,508.99 CNY in the prior period[125]. - The net cash flow from financing activities was 589,521,844.15 CNY, a significant improvement from -152,279,358.86 CNY in the previous period[125]. - The total cash and cash equivalents at the end of the period amounted to 612,339,870.98 CNY, up from 99,959,928.51 CNY in the previous period[125]. Business Operations and Strategy - The company is engaged in the manufacturing of plastic pipes, with products widely used in various sectors including municipal and construction water supply, agricultural irrigation, and gas transmission[25]. - In May 2017, the company established a wholly-owned subsidiary to develop sports culture tourism-related businesses[25]. - The company has formed a joint venture to expand into the sports event management sector[25]. - The company has established a nationwide production capacity layout across seven major regions, enhancing its competitive advantage in the plastic pipeline industry[28]. - The company has secured full authorization for several international motorsport events, which will enhance its influence and operational capabilities in the sports event sector[28]. - The company plans to manage procurement costs effectively by monitoring supplier pricing and market dynamics to mitigate risks associated with raw material price fluctuations[48]. - The company will enhance production management and sales strategies to improve market share amidst fierce competition in the plastic pipeline industry[48]. Shareholder and Equity Information - The company plans to not distribute cash dividends or issue bonus shares[6]. - The company has implemented a restricted stock incentive plan, granting 27 individuals a total of 7.2 million shares after adjustments[60]. - The total number of ordinary shareholders at the end of the reporting period was 5,631[94]. - The largest shareholder, Shanxi Shengnong Investment Co., Ltd., held 25.72% of shares, totaling 153,586,272 shares, with 147,456,000 shares pledged[94]. - The company’s total shares increased from 345.6 million to 597.1968 million after the stock changes[82]. Regulatory and Compliance - The company's half-year financial report has not been audited[56]. - The company has made commitments to ensure the protection of small investors' rights and interests[55]. - The company has not reported any major litigation or arbitration matters during the reporting period[58]. - The company has not faced any penalties or rectification issues during the reporting period[59]. - The company is committed to transparency and compliance with regulatory requirements regarding share distribution and financial reporting[86]. Market Challenges and Outlook - The company faced challenges in the pipeline industry due to intensified competition and fluctuations in raw material prices, which may impact sales and costs in the third quarter[47]. - The sports event business is expected to see a seasonal increase in revenue in the second half of the year, as it is typically the peak season for income generation[47]. Accounting Policies and Financial Reporting - The company adheres to the accounting standards and principles, ensuring the financial statements reflect its financial status accurately[155]. - The company has made significant adjustments in accounting policies, which may impact future financial reporting and equity calculations[131]. - The company recognizes direct costs related to mergers, such as audit and legal fees, as expenses in the current period[163]. - The company measures financial assets at fair value subsequently, except for certain investments that are measured at cost due to lack of reliable fair value[175]. - The company applies a percentage-based method for bad debt provision on accounts receivable, with rates ranging from 5% for amounts within one year to 100% for amounts over five years[183].
顾地科技(002694) - 2017 Q1 - 季度财报
2017-04-23 16:00
Financial Performance - Revenue for Q1 2017 was CNY 305,934,953.10, an increase of 3.71% compared to CNY 294,992,723.05 in the same period last year[7] - Net profit attributable to shareholders was a loss of CNY 18,357,903.20, a decline of 52.95% from a loss of CNY 12,002,476.05 year-over-year[7] - The net profit for the first quarter of 2017 decreased by CNY 7,464,752.44 compared to the same period in 2016, a decrease of 50.68% due to a reduction in operating profit[16] - The expected net profit attributable to shareholders for the first half of 2017 is projected to be between 6.16 million and 10.27 million RMB, representing a change of -25.00% to 25.00% compared to 8.21 million RMB in the first half of 2016[27] Cash Flow and Assets - Net cash flow from operating activities was negative CNY 115,390,990.39, a decrease of 707.48% compared to positive CNY 18,994,961.90 in the previous year[7] - The net cash flow from operating activities for the first quarter of 2017 decreased by CNY 134,385,952.29 compared to the same period in 2016, a decrease of 707.48% due to increased payments for materials, taxes, and receivables[18] - Cash and cash equivalents increased by CNY 415,532,886.30, a rise of 168.61% due to the receipt of restricted stock incentive investment funds[14] - The cash and cash equivalents net increase for the first quarter of 2017 was CNY 541,400,416.63, an increase of 582.23% primarily due to increased shareholder investments[19] - The balance of cash and cash equivalents as of March 31, 2017, increased by CNY 415,780,137.04 compared to December 31, 2016, an increase of 398.81% due to the restricted stock incentive plan receiving shareholder investments[20] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,002[10] - The largest shareholder, Shanxi Shengnong Investment Co., Ltd., held 25.72% of the shares, amounting to 95,991,420 shares[10] - The company plans to distribute dividends to all shareholders not less than 15% of the audited distributable profit for the year 2016[25] - The total amount of dividends, profits, or interest paid decreased by CNY 71,746,956.05 in the first quarter of 2017 compared to the same period in 2016, a decrease of 90.05% due to prior period dividend payments[19] Asset Changes - Total assets at the end of the reporting period were CNY 2,730,966,968.00, an increase of 18.97% from CNY 2,295,483,003.84 at the end of the previous year[7] - Net assets attributable to shareholders increased by 47.01% to CNY 1,439,234,177.71 from CNY 979,005,200.90 at the end of the previous year[7] - Prepayments increased by CNY 46,258,727.68, a rise of 94.14% due to increased advance payments for raw material purchases[14] - Other current assets decreased by CNY 44,159,361.81, a decline of 75.71% due to a reduction in financial products[14] - The capital reserve increased by CNY 450,938,880.01 as of March 31, 2017, compared to December 31, 2016, an increase of 129.43% primarily due to the remaining portion of restricted stock incentive investment entering the capital reserve[15] - The minority shareholders' equity increased by CNY 58,462,670.81 as of March 31, 2017, compared to December 31, 2016, an increase of 87.73% due to investments from minority shareholders in subsidiaries[15] Strategic Developments - The company has signed strategic cooperation agreements with multiple partners, including a collaboration with Amaury Sport Organisation for the Dakar China series[25] - The company is establishing an industrial fund to invest in domestic and international sports events, tourism culture, and related enterprises[25] - The company’s pipeline business profits have declined due to a drop in market sales, but the new sports event business has contributed to maintaining overall performance stability[27] - The company has completed the granting of restricted stock as part of its incentive plan approved in December 2016[25] - The company’s stock was suspended from trading on January 16, 2017, due to significant strategic agreements being signed[25] Compliance and Governance - There are no violations regarding external guarantees during the reporting period[28] - There are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[29] - The company conducted an on-site investigation with institutional investors on March 22, 2017[30]
顾地科技(002694) - 2016 Q4 - 年度财报
2017-03-21 16:00
Financial Performance - The company's operating revenue for 2016 was ¥1,531,157,195.89, a decrease of 13.58% compared to ¥1,771,720,450.81 in 2015[18] - The net profit attributable to shareholders increased by 58.85% to ¥39,781,779.13 from ¥25,043,987.96 in the previous year[18] - The net profit after deducting non-recurring gains and losses was ¥35,186,006.55, representing a significant increase of 121.27% compared to ¥15,901,936.03 in 2015[18] - The basic earnings per share rose to ¥0.12, a 71.43% increase from ¥0.07 in 2015[18] - The total assets at the end of 2016 were ¥2,295,483,003.84, reflecting a 2.35% increase from ¥2,242,770,911.83 at the end of 2015[18] - The net assets attributable to shareholders increased by 3.88% to ¥979,005,200.90 from ¥942,473,956.42 in 2015[18] - The net cash flow from operating activities was ¥120,166,655.60, down 29.09% from ¥169,451,741.55 in the previous year[18] - The weighted average return on equity for 2016 was 4.14%, an increase from 2.56% in 2015[18] Revenue Breakdown - Total revenue for 2016 was approximately ¥1.53 billion, a decrease of 13.58% compared to ¥1.77 billion in 2015[39] - Main business revenue from plastic manufacturing was approximately ¥1.44 billion, accounting for 93.98% of total revenue, down 18.48% from ¥1.77 billion in 2015[40] - PVC pipe revenue decreased by 23.04% to approximately ¥677.62 million, while PP pipe revenue increased by 45.26% to approximately ¥356.10 million[40] - The gross profit margin for the plastic pipe and fittings segment was 21.72%, a slight increase of 0.89% year-on-year[42] - Sales volume of plastic pipe and fittings decreased by 17.15% to 182,345 tons in 2016, while production volume decreased by 16.17% to 184,176 tons[44] Cost Management - The company's operating costs decreased by 19.48% to approximately ¥1.13 billion, with raw material costs accounting for 83.76% of total operating costs[45] - The company maintained a strong focus on cost control, with direct labor costs decreasing by 27.12% to approximately ¥43.10 million[45] - Sales expenses decreased by 16.64% to ¥95,034,720.78, primarily due to reductions in personnel salaries, transportation costs, and advertising expenses[52] - Management expenses decreased by 11.36% to ¥150,003,119.89, mainly due to reductions in management salaries and research and development costs[52] Investment and Financing - The net cash flow from investment activities was -¥91,336,517.27, an improvement of 41.95% compared to the previous year[56] - The net increase in cash and cash equivalents was -¥27,726,584.06, showing a 52.71% improvement from the previous year[56] - Financing cash inflow in 2016 decreased by 74.67 million yuan, a decrease of 7.84%, primarily due to a reduction of 95.96 million yuan in cash received from borrowings[57] - Financing cash outflow in 2016 decreased by 88.84 million yuan, a decrease of 8.68%, mainly due to a reduction of 99.95 million yuan in cash paid for debt repayment[57] Shareholder Information - The company plans to distribute a cash dividend of ¥0.12 per 10 shares, with a capital reserve conversion of 6 shares for every 10 shares held[6] - The cash dividend represents 11.26% of the net profit attributable to ordinary shareholders, which was 39,781,779.13 CNY in 2016[91] - The total number of shares outstanding is 345,600,000, with 87.71% being unrestricted shares[131] - The largest shareholder, Shanxi Shengnong Investment Co., Ltd., holds 27.78% of the shares, totaling 95,991,420[136] Corporate Governance - The company has established a robust internal governance structure in compliance with relevant laws and regulations[164] - The company ensures equal rights for all shareholders, particularly minority shareholders, through its general meeting rules[164] - The company has three independent directors, constituting one-third of the board, in compliance with legal requirements[165] - The company has implemented a robust internal audit system with more than three dedicated auditors[166] Market Expansion and Strategy - The company established a joint venture in July 2016 with Youyue Yizu (Beijing) Investment Management Co., Ltd., expanding into the sports event business[27] - The company is focusing on financial resource management, emphasizing accounting standardization, cost control, and risk management to support its operational goals[82] - The company plans to achieve a revenue target of 1.877 billion yuan (approximately $290 million) for 2017, with a gross margin of 26.14%[82] - The company is considering strategic acquisitions to bolster its supply chain, with a budget of 200 million yuan allocated for potential deals[154] Employee Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 7.419 million CNY[157] - The company employed a total of 2,662 staff, with 1,428 in production, 333 in sales, and 317 in technical roles[158] - The company has implemented a performance-based salary system, linking employee income directly to individual performance contributions[159] Legal and Compliance - The company faced a warning and a fine for information disclosure violations from the China Securities Regulatory Commission in September 2016[101] - There were no significant lawsuits or arbitration matters during the reporting period[100] - The company did not engage in any illegal financial activities, ensuring compliance with regulations[138]
顾地科技(002694) - 2016 Q3 - 季度财报
2016-10-28 16:00
Financial Performance - Operating revenue for the reporting period was CNY 467,267,013.15, down 13.04% year-on-year, and CNY 1,128,825,928.27 for the year-to-date, down 22.11%[7] - Net profit attributable to shareholders was CNY 6,545,626.12, a decrease of 26.51% year-on-year, and CNY 14,759,207.94 year-to-date, down 42.79%[7] - Basic earnings per share for the reporting period were CNY 0.02, down 33.33% year-on-year, and CNY 0.04 year-to-date, down 42.86%[7] - The net profit for the period from January to September 2016 decreased by CNY 15,109,128.93, a decline of 62.03%, mainly attributed to a reduction in operating profit[17] - The operating profit for the period from January to September 2016 decreased by CNY 17,591,631.94, a decline of 63.34%, mainly due to a decrease in sales revenue and gross profit[17] - The net profit attributable to shareholders of the listed company for 2016 is expected to increase by 30.00% to 60.00%, with an estimated range of ¥32,557,200 to ¥40,070,400, compared to ¥25,044,000 in 2015[29] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 62,265,142.37 year-to-date, a decrease of 392.55%[7] - The net cash flow from operating activities decreased by CNY 83,548,644.90, a decline of 392.55%, primarily due to an increase in accounts receivable[19] - The net cash flow from operating activities for the period from January to September 2016 decreased by ¥108,284,576.36 compared to the same period in 2015, representing a decrease of 241.59% due to an increase in accounts receivable and the previous year's recovery of funds occupied by the controlling shareholder[26] - Cash received from borrowings increased by ¥245,018,663.21, a rise of 64.65%, due to an increase in borrowings during the period[26] - Cash paid for debt repayment increased by ¥129,160,000, reflecting a 39.99% increase compared to the previous year, due to higher cash outflows for debt repayment[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,201,239,066.16, a decrease of 1.85% compared to the end of the previous year[7] - Accounts receivable decreased by CNY 52,455,941, a reduction of 72.72% due to decreased use of notes for sales payments[15] - Prepayments increased by CNY 23,475,335.06, an increase of 73.49%, primarily for raw material reserves[15] - Construction in progress increased by CNY 39,258,919.83, an increase of 65.79%, due to increased investment in ongoing projects[15] - The balance of prepayments increased by CNY 19,460,639.53, representing a growth of 32.71%, primarily due to an increase in prepayments from distributors[16] - The balance of accounts payable increased by CNY 27,111,519.68, representing a growth of 92.36%, primarily due to extended payment terms with suppliers[23] - The balance of short-term borrowings increased by CNY 122,850,000, an increase of 31.62%, primarily due to new short-term borrowings[22] - The balance of other payables decreased by CNY 70,576,606.32, a reduction of 87.00%, mainly due to payments of inter-company loans[24] - The asset impairment loss for the period from January to September 2016 decreased by CNY 726,614.97, a decline of 58.79%, primarily due to reduced bad debt provisions[25] Investment Activities - The total investment cash outflow increased by CNY 60,000,000, primarily due to increased external investments[20] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets decreased by ¥83,063,081.42, a reduction of 86.74% compared to the previous year, due to lower cash payments for asset acquisitions[26] - Cash paid for investments increased by ¥60,000,000 compared to the same period in 2015, attributed to increased external investments[26] - The net cash received from the disposal of fixed assets, intangible assets, and other long-term assets increased by ¥6,930,400 for the same period, primarily due to the sale of investment properties[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,369[11] - The largest shareholder, Shanxi Shengnong Investment Co., Ltd., held 27.78% of shares, totaling 95,991,420 shares, with 70,991,420 shares pledged[11] Market Performance - The strong performance in the domestic automotive sports event market contributed positively to the revenue and net profit of the company's subsidiary, Off-Road Family Sports Events (Beijing) Co., Ltd.[29]
顾地科技(002694) - 2016 Q2 - 季度财报
2016-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2016 was ¥661,558,915.12, a decrease of 27.45% compared to ¥911,866,643.73 in the same period last year[21]. - The net profit attributable to shareholders was ¥8,213,581.82, down 51.38% from ¥16,892,473.22 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was ¥2,126,354.39, reflecting an 86.95% decline from ¥16,289,342.81 in the previous year[21]. - The net cash flow from operating activities was ¥15,825,323.29, a decrease of 51.63% compared to ¥32,716,742.31 in the same period last year[21]. - Basic earnings per share were ¥0.02, down 60.00% from ¥0.05 in the previous year[21]. - The total profit for the period was 8.02 million yuan, down 59.62% compared to the same period last year[29]. - The gross profit margin for the first half of 2016 was 20.93%, which is 0.65 percentage points lower than the budgeted level[32]. - The company reported a net profit for the first half of 2016 of CNY 3,739,940.11, a decline of 75.6% compared to CNY 15,299,897.03 in the previous year[134]. - The company reported a significant increase in financing cash outflows, which rose from 301,120,869.19 CNY to 420,430,258.62 CNY[146]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,131,229,590.36, a decrease of 4.97% from ¥2,242,770,911.83 at the end of the previous year[21]. - Current assets totaled CNY 1,112,001,924.37, down from CNY 1,220,972,564.12, indicating a reduction of about 9%[125]. - Total liabilities were CNY 1,152,840,642.02, down from CNY 1,268,121,903.60, reflecting a decrease of about 9%[126]. - The company's equity attributable to shareholders rose to CNY 950,687,538.24 from CNY 942,473,956.42, indicating a slight increase of about 0.2%[127]. Investment and Projects - The company has committed to invest a total of CNY 43,286 million in various projects, with actual investment reaching CNY 40,372 million, representing 93.00% of the committed amount[48]. - The Chongqing Gu Di project, with a planned capacity of 26,500 tons, has achieved an investment progress of 101.00%, with actual investment of CNY 11,934 million against a commitment of CNY 11,842 million[48]. - The annual production project of 43,000 tons for pipeline base construction has reached an investment progress of 95.00%, with actual investment of CNY 25,876 million against a commitment of CNY 27,251 million[51]. - The company reported a remaining balance of CNY 2,913 million in raised funds, primarily due to effective cost control and lower-than-expected equipment costs[49]. Corporate Governance and Compliance - The company has received a non-standard audit report due to an ongoing investigation by the China Securities Regulatory Commission regarding potential violations by the former controlling shareholder[59]. - The company has committed to improving its information disclosure practices and compliance with regulations following the audit report's emphasis on the need for better management of insider information[61]. - The board of directors has acknowledged the audit report and will enhance training for key personnel to improve compliance awareness and information disclosure standards[61]. - The company has appointed new management, including a new chairman and several directors, to enhance governance and strategic direction[119]. Shareholder Information - The total number of shares outstanding remains at 345,600,000 shares[103]. - The number of shareholders holding common stock at the end of the reporting period was 11,499[108]. - Shanxi Shengnong Investment Co., Ltd. holds 27.78% of the total shares, amounting to 95,991,420 shares, with 48,000,000 shares pledged[108]. - The company did not engage in any repurchase transactions among the top 10 ordinary shareholders during the reporting period[110]. Market Challenges - The company faced challenges such as overcapacity, intensified industry competition, and rising labor costs, impacting its market expansion efforts[33]. - The decline in performance is attributed to intensified industry competition, reduced product prices, increased expense ratios, and rising labor and depreciation costs[57]. Future Outlook - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[134]. - The company confirmed no significant doubts regarding its ability to continue as a going concern for the next 12 months as of the report date[171].
顾地科技(002694) - 2016 Q1 - 季度财报
2016-04-15 16:00
Financial Performance - The company's operating revenue for Q1 2016 was ¥294,992,723.05, a decrease of 22.26% compared to ¥379,452,019.49 in the same period last year[8]. - The net profit attributable to shareholders was a loss of ¥12,002,476.05, representing a decline of 762.56% from a profit of ¥1,811,519.59 in the previous year[8]. - The basic earnings per share for the reporting period was -¥0.03, a decrease of 400.00% from ¥0.01 in the same period last year[8]. - Net profit decreased by ¥13,597,562.61, a decrease of 1200.23%, primarily due to a reduction in operating profit[19]. - The company’s net profit attributable to shareholders decreased by ¥13,813,995.64, a decrease of 726.56%, primarily due to the decrease in net profit[19]. - The net profit attributable to shareholders for the first half of 2016 is expected to range from 33.785 million to 84.463 million RMB, representing a decrease of 80% to 50% compared to 168.925 million RMB in the same period of 2015[31]. Cash Flow and Assets - The net cash flow from operating activities increased by 173.92% to ¥18,994,961.90, compared to ¥6,934,490.35 in the same period last year[8]. - Cash and cash equivalents net increase decreased by ¥122,814,971.31, a reduction of 411.76%, mainly due to decreased net cash inflow from operating activities[22]. - The total assets at the end of the reporting period were ¥2,100,558,278.49, down 6.34% from ¥2,242,770,911.83 at the end of the previous year[8]. - The net assets attributable to shareholders decreased by 1.27% to ¥930,471,480.38 from ¥942,473,956.42 at the end of the previous year[8]. Shareholder Information - The company had a total of 15,542 shareholders at the end of the reporting period[13]. - The top shareholder, Shanxi Shengnong Investment Co., Ltd., held 22.78% of the shares, totaling 78,711,420 shares[13]. - The company completed a share transfer agreement, changing its controlling shareholder to Shanxi Shengnong Investment Co., Ltd., with a transfer of 27.78% of total shares[27]. - As of February 19, 2016, the company transferred 78,711,420 shares to Shanxi Shengnong, completing the securities transfer registration[28]. - The company has 17,280,000 shares remaining, which accounts for 5% of the total share capital, and will be delivered within two working days after the lifting of share pledges[28]. - The company’s vice president and board secretary, Wang Honglin, committed to increase shareholding by at least 150,000 RMB through various means, having completed the purchase of 11,200 shares for a total of 155,683 RMB[30]. - The company’s major shareholder, Shanxi Shengnong, is subject to a 12-month lock-up period for the shares acquired in the recent acquisition[29]. Liabilities and Expenses - The company’s total liabilities increased due to increased bank loan repayments by ¥85,290,000, an increase of 58.57%[20]. - Cash paid for various taxes increased by ¥6,903,348.31, an increase of 53.52%, mainly due to payments for prior period taxes[19]. - Cash paid for dividends and interest increased by ¥68,169,587.86, an increase of 592.49%, primarily due to payments for delayed cash dividends[20]. Non-Recurring Items and Other Information - The company reported non-recurring gains and losses totaling ¥2,458,429.01, primarily from government subsidies and technology development projects[9]. - The decline in performance is attributed to economic slowdown, a downturn in the civil construction market, and increased depreciation expenses[31]. - The company has no reported violations regarding external guarantees during the reporting period[33]. - There are no non-operating fund occupations by major shareholders or their affiliates reported during the period[34]. - The company did not engage in any research, communication, or interview activities during the reporting period[35]. - The company has committed to not transferring shares acquired through the recent acquisition for 12 months unless otherwise required by regulatory authorities[29].
顾地科技(002694) - 2015 Q3 - 季度财报
2015-10-29 16:00
顾地科技股份有限公司 2015 年第三季度报告正文 证券代码:002694 证券简称:顾地科技 公告编号:2015-113 顾地科技股份有限公司 2015 年第三季度报告正文 1 顾地科技股份有限公司 2015 年第三季度报告正文 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。 公司负责人林超群、主管会计工作负责人王汉华及会计机构负责人(会计主管人员)刘全中声明:保证 季度报告中财务报表的真实、准确、完整。 2 顾地科技股份有限公司 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 非经常性损益项目和金额 √ 适用 □ 不适用 单位:元 | 项目 | 年初至报告期期末金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益(包括已计提资产减值准备的冲销部分) | 10,234.09 | | | | | 社保补贴 ...
顾地科技(002694) - 2015 Q2 - 季度财报
2015-08-28 16:00
Financial Performance - The company's operating revenue for the first half of 2015 was ¥911,866,643.73, representing a 4.39% increase compared to ¥873,485,932.38 in the same period last year[21]. - The net profit attributable to shareholders was ¥16,892,473.22, a decrease of 62.12% from ¥44,599,624.84 year-on-year[21]. - Basic earnings per share dropped to ¥0.05, down 61.54% from ¥0.13 in the same period last year[21]. - The total profit for the period was 1,985.41 million yuan, a decrease of 62.68% year-on-year, while the net profit attributable to shareholders was 1,689.25 million yuan, down 62.12%[32]. - Operating costs rose to 728,931,972.68 yuan, reflecting a year-on-year increase of 6.78%[34]. - The company reported a significant improvement in cash flow from operating activities, reaching 32,716,742.31 yuan, a 156.66% increase due to the recovery of other receivables[34]. - The company expects a net profit attributable to shareholders for the first nine months of 2015 to range between 1,954.94 million yuan and 3,909.89 million yuan, representing a decrease of 40.00% to 70.00% compared to the same period in 2014[67]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,420,514,188.51, reflecting a 1.17% increase from ¥2,392,567,738.92 at the end of the previous year[21]. - The total amount of raised funds is CNY 43,285.26 million, with CNY 2,066.58 million invested during the reporting period[53]. - The total amount of unused fundraising funds is stored in the company's dedicated fundraising account[58]. - Total current assets decreased slightly from CNY 1,435,554,278.31 to CNY 1,432,254,513.12, a decline of approximately 0.2%[128]. - Total liabilities rose from CNY 1,320,178,731.29 to CNY 1,329,595,763.87, an increase of approximately 0.6%[129]. - The company’s total liabilities were reported at 345,600,000.00 CNY, maintaining a manageable debt level[152]. Investments and R&D - Research and development investment increased by 10.02% to 26,073,727.45 yuan, indicating a focus on innovation[34]. - The company invested 25,971,153.85 yuan in external investments during the reporting period, an increase of 85.51% compared to the previous year[41]. - The company has committed to invest a total of 43,285 million CNY in various projects, with a cumulative investment of 36,748.33 million CNY, representing an investment progress of 84.02% as of June 30, 2015[56]. Subsidiaries and Operations - The company’s subsidiary, Chongqing Gu Di, reported an operating income of 23,231.39 million yuan and a net profit of 1,015.25 million yuan[64]. - The company’s subsidiary, Beijing Gu Di, reported a net loss of 88.17 million yuan for the reporting period[64]. - The company’s major subsidiaries are involved in the production and sales of plastic pipelines, with a focus on manufacturing and installation services[64]. Shareholder and Dividend Information - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[6]. - The company approved a cash dividend of 1.50 CNY per 10 shares, totaling 51,840,000 CNY for the 2014 fiscal year[71]. - The company later increased the cash dividend to approximately 3.4722 CNY per 10 shares, totaling 120,000,000 CNY, approved at the 2014 annual general meeting[72]. Compliance and Governance - The company has not made any adjustments to previously reported financial data due to accounting policy changes or errors[21]. - The board of directors emphasized the need for internal management improvements following the audit report, which indicated no significant adverse impact on the company's financial status[70]. - The company did not engage in any asset acquisitions, sales, or mergers during the reporting period[82][84]. Cash Flow and Financing Activities - The net cash flow from operating activities improved significantly to ¥32,716,742.31, compared to a negative cash flow of ¥57,741,482.38 in the previous year, marking a 156.66% increase[21]. - Total cash inflow from financing activities amounted to 589,175,757.56 CNY, compared to 376,246,356.26 CNY in the prior period, indicating a 56.5% increase[145]. - The cash flow from investment activities was negative at -102,994,159.00 CNY, worsening from -91,117,879.83 CNY in the prior period[144]. Financial Reporting and Accounting - The company’s financial report for the half-year period is unaudited[125]. - The financial statements comply with accounting standards and accurately reflect the company's financial position and operating results[176]. - The company adopts the purchase method for accounting treatment in business combinations under common control[185].
顾地科技(002694) - 2014 Q4 - 年度财报
2015-04-28 16:00
Financial Performance - The company achieved operating revenue of CNY 1,837,272,360.60 in 2014, representing a year-on-year increase of 4.18%[26]. - The net profit attributable to shareholders was CNY 28,135,201.21, a significant decrease of 69.53% compared to the previous year[26]. - The net cash flow from operating activities was negative at CNY -75,557,563.33, marking a decline of 369.93% year-on-year[26]. - The total assets at the end of 2014 were CNY 2,392,567,738.92, an increase of 18.95% from the previous year[26]. - The weighted average return on equity was 2.76%, down from 9.06% in the previous year[26]. - The company’s total profit decreased by 73.28% to CNY 29,151,900.00 in 2014[39]. - The main business revenue increased by 4.39% year-on-year, primarily due to an increase in sales volume, while other business revenue decreased by 49.46% due to a decline in raw material sales[40]. - The company sold 221,280 tons of products in 2014, representing a 13.45% increase compared to 195,055 tons in 2013[40]. - The gross profit margin for PVC pipes was 18.41%, with a year-on-year decrease of 1.33%[54]. - The main business cost for 2014 was CNY 1.477 billion, representing a year-on-year increase of 7.03%[43]. Dividend Distribution - The company plans to distribute a cash dividend of 1.50 CNY per 10 shares to all shareholders, based on a total share capital of 345,600,000 shares[5]. - The cash dividend for 2014 represents 184.25% of the net profit attributable to shareholders, indicating a strong return to investors[100]. - The company has maintained a positive retained earnings balance, supporting its ability to distribute dividends[101]. - The company’s profit distribution policy aligns with regulatory requirements and aims to protect the interests of investors[96]. Internal Control and Governance - The company’s internal control over financial reporting was deemed ineffective in significant aspects as of December 31, 2014[7]. - The board of directors has emphasized the need for internal management improvements to mitigate any adverse effects from previous issues[3]. - The company plans to enhance its governance structure and improve the balance of power between the board and management to ensure compliance and operational efficiency[88]. - The company has established a robust internal governance structure in compliance with relevant laws and regulations, ensuring independent operation from its controlling shareholders[184]. - The company has a diverse board with independent directors contributing to governance[174]. - The company has appointed several independent directors with significant expertise in finance and engineering to strengthen its governance structure[169][170]. Research and Development - The company applied for 28 patents in 2014, with 22 utility model patents and 1 invention patent granted[36]. - The company has a total of 59 patents, including 6 invention patents, reflecting its commitment to research and development[60]. - Research and development expenses for 2014 amounted to CNY 55.14 million, a 20.67% increase from 2013, accounting for 5.14% of the latest audited net assets and 3.00% of operating revenue[48]. - The company is committed to innovation, with ongoing research and development efforts aimed at introducing new products to meet market demands[166]. Market and Sales - The company conducted nearly 40 new product promotion events across major cities, with approximately 3,000 professionals participating[37]. - The company has established a nationwide marketing network supported by nearly 1,200 distributors and over 20,000 sales outlets[62]. - The company is focusing on brand building and has upgraded its visual identity and promotional strategies[37]. - The company aims to strengthen its core business by increasing production capacity for municipal products and exploring new sales models to adapt to market changes[88]. Risks and Challenges - The company faced a non-operating fund occupation of 157.21 million CNY, resulting in an interest expense of 6.65 million CNY, highlighting internal control weaknesses[6]. - The company has identified risks related to raw material price fluctuations, which significantly impact profitability, and plans to enhance inventory management and cost control[16]. - The company is subject to policy risks that could affect the sales of its municipal water supply and drainage products, depending on future regulatory changes[16]. - The company’s sales and production are subject to seasonal fluctuations, particularly in the first quarter due to winter construction limitations[16]. Employee and Remuneration - The average employee income level increased by approximately 15% in 2014 compared to 2013[103]. - The company reported a total remuneration of 80 million for the chairman and general manager Lin Chaoqun, and 80 million for director Zhang Zhenguo[176]. - Director Qiu Lijuan received a total remuneration of 11.71 million, including 5.71 million from the shareholder unit[176]. - The company strictly follows its remuneration decision-making procedures for directors, supervisors, and senior management[175]. Financial Management - The company has implemented new accounting standards since July 1, 2014, which are expected to provide more reliable financial information without significant impact on the 2014 financial statements[93]. - The company reported no major accounting errors requiring retrospective restatement during the reporting period[94]. - The company has established a complete and independent financial accounting system, complying with relevant laws and regulations[198]. - The company’s financial management practices ensure timely payment of remuneration to its executives[175]. Shareholder Structure - The company has not experienced any changes in its controlling shareholders during the reporting period[156]. - The total number of shareholders at the end of the reporting period was 23,009[151]. - The shareholder structure showed that Guangdong Gudi Plastic Co., Ltd. held 142,426,800 shares (41.21%) after the changes[151]. - The top ten shareholders included individuals with significant holdings, such as Zhang Zhenguo with 30,840,000 shares (8.92%) and Fu Zhimin with 10,512,000 shares (3.04%)[151]. Investment and Capital - The company invested ¥98,970,480.00 during the reporting period, an increase of 86.62% compared to the previous year[64]. - The total amount of raised funds is CNY 43,285.26 million, with CNY 5,612.14 million invested during the reporting period[74]. - The cumulative investment of raised funds reached CNY 34,681.75 million, with CNY 2,522 million in changes of use during the reporting period[74]. - The company has committed to distributing no less than 15% of its distributable profits in cash annually for the first three years post-IPO[133].