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中坚科技(002779) - 2016 Q4 - 年度财报
2017-04-25 16:00
Financial Performance - The company's operating revenue for 2016 was ¥411,584,093.19, a decrease of 10.69% compared to ¥460,850,630.97 in 2015[16] - The net profit attributable to shareholders for 2016 was ¥35,454,868.29, down 27.33% from ¥48,791,860.70 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥30,566,082.48, reflecting a decline of 32.81% from ¥45,491,696.01 in 2015[16] - The net cash flow from operating activities decreased by 50.89% to ¥22,245,057.96, compared to ¥45,295,963.51 in 2015[16] - Basic earnings per share for 2016 were ¥0.27, down 44.90% from ¥0.49 in 2015[16] - The company reported a significant decline in quarterly net profit in Q4 2016, with only ¥1,194,047.38 compared to higher profits in previous quarters[21] - The company's main business revenue from garden tools was CNY 327.58 million, accounting for 79.59% of total revenue, with a year-on-year decrease of 3.83%[53] - The portable digital generator segment saw a significant decline in revenue, totaling CNY 70.47 million, down 34.40% year-on-year, and accounting for 17.12% of total revenue[53] - The company reported a 26.20% increase in domestic sales, amounting to CNY 41.20 million, while foreign sales decreased by 13.50% to CNY 370.38 million[53] Assets and Liabilities - Total assets at the end of 2016 were ¥764,023,678.60, an increase of 2.59% from ¥744,731,501.58 at the end of 2015[16] - The net assets attributable to shareholders increased by 4.30% to ¥614,566,967.42 from ¥589,232,099.13 in 2015[16] - Cash and cash equivalents decreased by 31.58% to ¥92.63 million, accounting for 12.12% of total assets, primarily due to the purchase of bank wealth management products[77] - Accounts receivable decreased by 1.71% to ¥90.15 million, representing 11.80% of total assets[77] - Inventory increased by 3.20% to ¥140.85 million, making up 18.43% of total assets[77] - Other current assets surged by 23.90% to ¥216.29 million, now 28.31% of total assets, mainly due to an increase in bank wealth management products[78] Investment and R&D - Research and development investment increased by 38.04% from 17,158,053.90 CNY in 2015 to 23,685,282.28 CNY in 2016, representing 5.75% of operating revenue[71] - The company completed the development of new products including high-end chainsaws, brush cutters, and a new series of lithium batteries, enhancing its R&D capabilities[47] - The company has established an R&D center for garden machinery, which has received ¥761.88 million, which is 30.43% of its total committed investment of ¥2.50 million[84] Dividends and Profit Distribution - The company plans to distribute a cash dividend of ¥0.55 per 10 shares, based on a total share capital of 132,000,000 shares as of December 31, 2016[6] - The company declared a cash dividend of 0.55 yuan per 10 shares, totaling 7,260,000 yuan (including tax), which represents 100% of the distributable profit[100] - The cash dividend payout ratio for 2015 was 20.74%, while for 2016 it was 20.58%[99] - The total distributable profit for the year was 254,622,170.98 yuan[100] Market Presence and Strategy - The company has established a comprehensive marketing network covering over 50 countries and regions, enhancing its global presence[40] - The company aims to enhance market expansion efforts, focusing on optimizing customer structure and increasing domestic market development[89] - The company increased its marketing resources to strengthen market expansion, particularly in North America and Southeast Asia[46] Management and Governance - The company has a diverse board with members holding various professional backgrounds, enhancing its governance structure[163][164][165] - The total remuneration for directors, supervisors, and senior management during the reporting period amounts to 3.5726 million yuan[171] - The company emphasizes a performance-based compensation policy, promoting a clear incentive structure that rewards productivity and performance[174] - The management team includes individuals with extensive experience in various industries, enhancing the company's operational capabilities[168] Compliance and Internal Control - The audit opinion issued was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position as of December 31, 2016[198] - No significant internal control deficiencies were identified during the reporting period, with both financial and non-financial reports showing zero major defects[188] - The company has maintained a good integrity status, with no unfulfilled court judgments or significant debts due[112] Social Responsibility and Sustainability - The company emphasizes environmental protection and sustainable development, having upgraded its internal water supply network and implemented a clean production system to enhance energy utilization[137] - The company actively participates in social welfare and charity initiatives to create harmonious public relations[138]
中坚科技(002779) - 2017 Q1 - 季度财报
2017-04-25 16:00
浙江中坚科技股份有限公司 2017 年第一季度报告全文 浙江中坚科技股份有限公司 2017 年第一季度报告 2017 年 04 月 26 日 1 浙江中坚科技股份有限公司 2017 年第一季度报告全文 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人吴明根、主管会计工作负责人卢赵月及会计机构负责人(会计主 管人员)卢赵月声明:保证季度报告中财务报表的真实、准确、完整。 2 浙江中坚科技股份有限公司 2017 年第一季度报告全文 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 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入(元) | 127,810,275.04 | 115,231,640.74 | 10.92% | | 归属于上市公司股东的净利润(元) | 8,28 ...
中坚科技(002779) - 2016 Q3 - 季度财报
2016-10-26 16:00
Financial Performance - Net profit attributable to shareholders was CNY 12,720,149.91, down 16.23% year-on-year[9]. - Operating revenue for the reporting period was CNY 99,932,993.90, an increase of 7.38% compared to the same period last year[9]. - Basic earnings per share were CNY 0.10, a decrease of 56.52% year-on-year[9]. - The weighted average return on equity was 2.10%, a decrease of 2.16% year-on-year[9]. - The company reported a 66.15% decrease in non-operating income to ¥804,240.00, primarily due to a reduction in government subsidies received[15]. - The estimated net profit attributable to shareholders for 2016 is projected to range from ¥34.15 million to ¥53.67 million, reflecting a decrease of 30.00% to an increase of 10.00% compared to 2015's net profit of ¥48.79 million[21]. - The company's performance is expected to be influenced by fluctuations in the overall industry performance due to macroeconomic conditions[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 19,783,701.90, down 50.64% compared to the same period last year[9]. - Net cash flow from operating activities decreased by 50.64% to ¥19,783,701.90, mainly due to a reduction in notes payable and an increase in accounts payable payments[15]. - Net cash flow from investing activities decreased significantly by 1546.41% to -¥254,953,329.96, attributed to increased investments in bank wealth management products and construction projects[15]. - Net cash flow from financing activities increased by 2755.95% to -¥13,461,590.00, primarily due to increased issuance costs and cash dividends[15]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 724,192,370.57, a decrease of 2.76% compared to the end of the previous year[8]. - Cash and cash equivalents decreased by 75.43% to ¥79,956,767.20 due to increased expenditures on bank wealth management products[15]. - Other current assets increased by 637.80% to ¥242,468,918.13 primarily due to an increase in bank wealth management products at the end of the period[15]. - The company's total liabilities decreased by 100% in notes payable, reflecting the maturity and payment of bank acceptance bills[15]. - The company's capital stock increased by 50% to ¥132,000,000.00 due to the capitalization of capital reserves[15]. - Other payables decreased by 89.45% to ¥559,430.57, mainly due to the payment of issuance costs[15]. - The construction in progress increased by 93.91% to ¥40,581,908.73, mainly due to increased investments in factory construction projects[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,780[11]. - The largest shareholder, Zhongjian Electromechanical Group Co., Ltd., held 51.55% of the shares, with 68,042,700 shares pledged[11]. Corporate Governance - The company committed to repurchase all newly issued shares if there are false records or significant omissions in the prospectus, with a specific plan to be announced within 5 trading days of any administrative penalties or court judgments[17]. - The repurchase price will not be lower than the average trading price of the company's stock over the 10 trading days prior to the board resolution announcement[18]. - The company has established a profit distribution policy, particularly focusing on cash dividends, to enhance investor returns following the IPO[18]. - There are no reported violations regarding external guarantees during the reporting period[22]. - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[23]. - The company has not engaged in any research, communication, or interview activities during the reporting period[24]. Accounting Policies - There were no significant changes in the company's accounting policies or restatements of previous financial data[9]. - The company received government subsidies amounting to CNY 797,240.00 during the reporting period[10].
中坚科技(002779) - 2016 Q2 - 季度财报
2016-08-29 16:00
Financial Performance - The company's operating revenue for the first half of 2016 was ¥211,572,367.34, a decrease of 16.18% compared to ¥252,424,499.84 in the same period last year[22]. - The net profit attributable to shareholders was ¥21,540,671.00, down 16.94% from ¥25,932,711.81 year-on-year[22]. - The net cash flow from operating activities was negative at -¥6,298,257.78, a decline of 132.78% compared to ¥19,216,057.90 in the previous year[22]. - Basic earnings per share decreased by 38.46% to ¥0.24 from ¥0.39 in the same period last year[22]. - Total assets at the end of the reporting period were ¥722,129,194.85, a decrease of 3.03% from ¥744,731,501.58 at the end of the previous year[22]. - The total profit for the period was ¥23.87 million, down 19.40% year-on-year, while the net profit attributable to shareholders was ¥21.54 million, a decrease of 16.94%[31]. - The weighted average return on equity was 3.62%, down 4.10% from 7.72% in the same period last year[22]. Cash Flow and Liquidity - Cash and cash equivalents decreased by 63.28% to ¥119.52 million, primarily due to increased expenditures on bank financial products[35]. - The company reported a significant decrease in cash and cash equivalents, indicating potential liquidity challenges[136]. - The total cash and cash equivalents at the end of the period were 105,824,215.89 CNY, down from 314,381,419.24 CNY at the beginning of the period[136]. - The company is focusing on maintaining equity levels while managing cash flow effectively[138]. Investments and R&D - Research and development investment increased by 17.74% to ¥10.04 million, reflecting the company's commitment to innovation[35]. - The company holds 66 patents and 3 software copyrights, with 6 core proprietary technologies as of June 30, 2016[30]. - The company is focusing on enhancing product design and reliability, particularly in lithium battery-powered garden tools, with some models entering trial production[39]. - The project for expanding production facilities for chainsaws and hedge trimmers has a total investment commitment of CNY 192.60 million, with 41.31% of the investment completed[64]. - The R&D center for garden machinery has a total investment commitment of CNY 25.03 million, with 22.27% of the investment completed[64]. Market and Sales Performance - Revenue from garden tools was $172.89 million, a decrease of 10.23% year-over-year, with a gross margin of 23.80%[42]. - Portable digital generator revenue dropped to $32.94 million, down 37.21% year-over-year, with a gross margin of 20.24%[42]. - Chainsaw revenue was $77.04 million, a decline of 14.37% year-over-year, with a gross margin of 29.00%[42]. - The marketing network covers over 50 countries, with more than 100 clients in key markets such as the USA, Germany, and the UK[44]. Corporate Governance and Compliance - The company’s governance structure is compliant with the Company Law and relevant regulations[78]. - There were no significant litigation or arbitration matters during the reporting period[79]. - The company has not undergone any administrative penalties or corrective actions during the reporting period[106]. - The semi-annual financial report has not been audited[105]. Shareholder Information - The company plans to distribute a cash dividend of CNY 1.15 per 10 shares, based on a total share capital of 88 million shares[71]. - The total number of common shareholders at the end of the reporting period is 18,596[113]. - The largest shareholder, Zhongjian Electromechanical Group, holds 51.55% of the shares, amounting to 45,361,800 shares[113]. Financial Reporting and Accounting - The financial statements are prepared in accordance with the relevant accounting standards and reflect the company's financial position, operating results, and cash flows accurately[150]. - The company has maintained its financial reporting without consolidated financial statements as of June 30, 2016, consistent with the previous period[146]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[148]. - The company adheres to the accounting policies and estimates as per the enterprise accounting standards, ensuring consistency in financial reporting[149].
中坚科技(002779) - 2016 Q1 - 季度财报
2016-04-25 16:00
Financial Performance - The company's operating revenue for Q1 2016 was ¥115,231,640.74, a decrease of 7.57% compared to ¥124,664,645.43 in the same period last year[9] - Net profit attributable to shareholders was ¥9,613,397.76, down 9.42% from ¥10,613,567.40 year-on-year[9] - The net cash flow from operating activities increased by 44.96% to ¥21,423,066.43, compared to ¥14,778,710.74 in the previous year[9] - Total assets at the end of the reporting period were ¥769,693,381.00, reflecting a growth of 3.35% from ¥744,731,501.58 at the end of the previous year[9] - The company's basic earnings per share decreased by 31.25% to ¥0.11 from ¥0.16 in the same period last year[9] - The weighted average return on equity was 1.62%, down from 3.23% in the previous year, a decline of 1.61%[9] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 17,184[13] - The company reported a commitment to not transfer or entrust the management of its shares for 36 months from the date of stock listing, which is being fulfilled normally[20] - The company has a share transfer limit of 25% of directly and indirectly held shares per year during the tenure of certain executives, with a six-month restriction post-departure[20] - The company has committed to not transferring shares for 12 months from the date of stock listing, which is also being fulfilled normally[20] Revenue and Growth Projections - The company reported a significant increase in revenue for Q1 2016, reaching a total of 100 million RMB, representing a 20% year-over-year growth[23] - User data showed an increase in active users by 15%, bringing the total to 1.5 million users[23] - The company provided a positive outlook for the upcoming quarters, projecting a revenue growth of 25% for the next quarter[23] - New product launches are expected to contribute an additional 30 million RMB in revenue by the end of Q2 2016[23] - The company is investing in R&D, with a budget increase of 10% to enhance technology development[23] - Market expansion plans include entering two new regions, which are projected to increase market share by 5%[23] - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 50 million RMB allocated for potential deals[23] - A new marketing strategy is being implemented, aiming to increase brand awareness by 40% over the next six months[23] Compliance and Risk Management - The management emphasized the importance of compliance and risk management, pledging to address any legal issues proactively[23] - The company has committed to timely and adequately disclose any inability to fulfill commitments[25] - The company has made commitments to protect the rights and interests of its investors[25] - The company is committed to taking measures to address any failure to fulfill commitments due to uncontrollable factors[25] - There are no violations regarding external guarantees during the reporting period[28] - There are no non-operating fund occupations by controlling shareholders or their related parties during the reporting period[29] Future Earnings Expectations - The net profit attributable to shareholders for the first half of 2016 is expected to range from 18.15 million to 28.53 million RMB, representing a change of -30.00% to 10.00% compared to 25.93 million RMB in the same period of 2015[27] - The company anticipates that the overall performance of the industry will fluctuate due to the impact of the international economic situation[27] Business Operations - The company has ensured that it will not engage in any competitive business activities that may conflict with its operations[24] - The company has made arrangements to transfer any business opportunities that may compete with its operations to the company itself[24] - The company has a plan to compensate investors for losses incurred due to false statements in the prospectus, as mandated by legal authorities[21] - The company will repurchase all newly issued shares if there are significant legal penalties or judgments related to false statements in the prospectus[21] - The company has not engaged in any research, communication, or interview activities during the reporting period[30]
中坚科技(002779) - 2015 Q4 - 年度财报
2016-04-21 16:00
Financial Performance - The company's operating revenue for 2015 was CNY 460,850,630.97, a decrease of 9.62% compared to CNY 509,912,265.70 in 2014[24]. - The net profit attributable to shareholders for 2015 was CNY 48,791,860.70, down 14.45% from CNY 57,033,911.03 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 45,491,696.01, reflecting a decline of 19.04% from CNY 56,188,788.81 in 2014[24]. - The net cash flow from operating activities was CNY 45,295,963.51, which is 18.29% lower than CNY 55,434,686.06 in the previous year[24]. - The basic earnings per share decreased to CNY 0.74, down 13.95% from CNY 0.86 in 2014[24]. - In 2015, the company achieved a revenue of CNY 460.85 million, a decrease of 9.62% year-on-year, and a net profit of CNY 48.79 million, down 14.45% compared to the previous year[46]. - The company's revenue from garden machinery was CNY 340.64 million, accounting for 73.91% of total revenue, which represents a decline of 19.96% year-on-year[51]. - The portable digital generator segment saw a revenue increase of 47.21%, reaching CNY 107.41 million, which accounted for 23.31% of total revenue[52]. Assets and Liabilities - The total assets at the end of 2015 were CNY 744,731,501.58, an increase of 52.61% from CNY 488,001,649.02 at the end of 2014[25]. - Current assets increased significantly to CNY 587,719,770.58 from CNY 348,207,273.46, representing a growth of 68.8%[195]. - Non-current assets totaled CNY 157,011,731.00, up from CNY 139,794,375.56, indicating an increase of 12.2%[196]. - Current liabilities decreased to CNY 155,499,402.45 from CNY 165,190,077.59, a reduction of 5.1%[197]. - Share capital increased to CNY 88,000,000.00 from CNY 66,000,000.00, reflecting a growth of 33.3%[197]. - The debt-to-asset ratio decreased from 29.50% to 20.88% following the capital increase[131]. Cash Flow - The net cash flow from investment activities was -¥58,829,090.55, significantly worse than the previous year's -¥9,783,647.30, primarily due to increased investments in bank financial products and construction of new facilities[68][66]. - Net cash flow from financing activities improved to ¥224,818,486.00, compared to -¥707,547.16 in 2014, mainly due to the initial public offering (IPO) of shares[66]. - The net increase in cash and cash equivalents was ¥215,763,427.92, reflecting a substantial increase of 381.96% year-on-year[68]. - Cash and cash equivalents accounted for 43.70% of total assets at the end of 2015, up from 23.27% in 2014, driven by improved operating cash flow and IPO financing[69]. Research and Development - The company maintained a strong focus on R&D, establishing a lithium battery product R&D department and completing the development of five lithium battery product series[47]. - Research and development (R&D) investment amounted to ¥17,158,053.90, representing a year-on-year increase of 6.54% and accounting for 3.72% of operating revenue[65]. - The company will continue to invest in R&D for lithium battery-powered garden tools to enhance market competitiveness and meet consumer demand for lightweight and environmentally friendly products[82]. Market and Sales - The company has established a comprehensive marketing network covering Europe, America, Australia, and Asia, exporting products to over 50 countries[40]. - The company’s portable digital generators are increasingly replacing traditional gasoline generators, showing a growing sales trend[37]. - The company optimized its customer structure, enhancing market share despite a challenging international market environment, and deepened strategic cooperation with high-end foreign clients[46]. - Domestic sales accounted for 7.08% of total revenue, while international sales made up 92.92%, with a year-on-year decline of 10.07% in foreign sales[52]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of CNY 1.15 per 10 shares, with a capital reserve conversion of 5 shares for every 10 shares held[7]. - The cash dividend represents 20.74% of the net profit attributable to the company's ordinary shareholders, which was 48,791,860.70 yuan for the year 2015[93]. - The cash dividend payout ratio for 2015 is 100% of the total distributable profits[94]. - The company has a history of not distributing dividends in the previous two years, indicating a shift in policy for 2015[92]. - The company has committed to fulfilling various promises related to shareholding and stock transfer restrictions, with normal compliance reported[97]. Management and Governance - The company has established a performance evaluation system linking senior management's performance directly to their compensation[158]. - The current board includes independent directors with extensive academic and professional backgrounds, enhancing corporate governance[151]. - The company has maintained a stable leadership team, with no significant changes in shareholding among key executives[143]. - The management team has a diverse range of expertise, including engineering, finance, and legal backgrounds, contributing to strategic decision-making[151]. Internal Controls and Compliance - The company maintained effective internal controls related to financial reporting as of December 31, 2015, according to the internal control verification report[184]. - The audit opinion issued by the accounting firm confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2015[193]. - The internal control evaluation and verification reports were consistent with the board's self-assessment[184]. - There were no significant deficiencies identified in the internal control evaluation report for both financial and non-financial reporting[183].