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华源控股(002787) - 2019 Q4 - 年度财报
2020-04-21 16:00
Financial Performance - The company's operating revenue for 2019 was ¥1,666,184,269.51, representing a 20.41% increase compared to ¥1,383,749,943.77 in 2018[21]. - The net profit attributable to shareholders for 2019 was ¥67,427,581.33, a 26.01% increase from ¥53,507,969.41 in 2018[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥52,273,301.70, showing a 2.72% increase from ¥50,888,291.43 in 2018[21]. - The net cash flow from operating activities for 2019 was ¥107,127,130.78, a significant increase of 187.95% compared to ¥37,203,335.79 in 2018[21]. - Basic earnings per share for 2019 were ¥0.22, up 22.22% from ¥0.18 in 2018[22]. - Total assets at the end of 2019 were ¥2,364,317,653.21, a 2.31% increase from ¥2,311,006,696.65 at the end of 2018[22]. - The net assets attributable to shareholders at the end of 2019 were ¥1,532,329,345.03, reflecting a 6.85% increase from ¥1,434,054,644.96 at the end of 2018[22]. - The weighted average return on equity for 2019 was 4.49%, slightly down from 4.57% in 2018[22]. - The company reported a significant increase in production volume for plastic packaging, up 88.51% year-over-year[65]. - The company reported a significant increase in investment activity cash inflow, reaching ¥1,250,501,974.06, a staggering 4,186.64% rise from ¥29,172,106.39 in 2018[80]. Dividend Policy - The company plans to distribute a cash dividend of 1 RMB per 10 shares to all shareholders, with no bonus shares issued[5]. - The total cash dividend for 2019 accounted for 100% of the total distributable profit of RMB 189,788,438.37[124]. - The cash dividend distribution plan is subject to adjustment based on changes in the total share capital due to various corporate actions[120]. - The company has committed to maintaining a dividend payout ratio of 40% of net income, ensuring returns to shareholders[131]. - The company distributed cash dividends of 15.55 million yuan during the reporting period, sharing the operational development results with shareholders[167]. Operational Highlights - The report includes a detailed analysis of the company's operational performance and financial indicators for the year[8]. - The company has a diverse portfolio of subsidiaries, including several wholly-owned and controlled subsidiaries across different regions[10]. - The company has successfully acquired Ruijie Technology, expanding its product offerings to include injection and blow-molded plastic products, which are now significant revenue sources[31]. - The company is focusing on enhancing its food packaging segment, which includes metal lids and food cans, aiming to capture high-end domestic and international brand clients[31]. - The company has developed a comprehensive production and service capability across the entire packaging industry chain, enhancing its competitive edge[31]. Research and Development - The company invested CNY 6,061.54 million in R&D in 2019, accounting for 3.64% of total operating revenue[53]. - The company is focusing on enhancing packaging technology and production automation through various R&D projects, including improvements in metal packaging processes and the development of new materials[79]. - Key R&D projects include optimizing the internal structure of iron coating ovens and developing multi-station integrated production lines to improve efficiency and reduce costs[76]. - The company has established long-term research cooperation with Jiangnan University and technical exchange mechanisms with Toyo Seikan Group, enhancing its technological innovation capabilities[40]. - The number of R&D personnel increased to 243 in 2019, up 27.89% from 190 in 2018, with R&D personnel accounting for 12.70% of the total workforce[80]. Risk Management - The company has outlined potential risks and corresponding mitigation strategies in the section discussing future development prospects[5]. - The company faces risks from fluctuations in domestic economic conditions, particularly due to the impact of the COVID-19 pandemic on production and operations[111]. - The company is exposed to operational risks from raw material price volatility, particularly for tinplate and plastic granules, which could affect profitability[112]. - The company recognizes the need to improve its market share amidst increasing competition in the packaging industry, which could pressure profit margins[113]. - The company has significant inventory and accounts receivable balances, which could strain liquidity and operational performance if not managed effectively[112]. Corporate Governance - The annual report emphasizes the commitment to accurate and complete financial reporting by the board and management[4]. - The report indicates that all board members attended the meeting to review the annual report[5]. - The company has maintained a good investor relations management strategy, enhancing its reputation and influence in the capital market[57]. - The company has improved its internal control system and corporate governance, ensuring compliance with legal regulations during shareholder meetings[169]. - Independent directors have fulfilled their responsibilities in the decision-making process regarding dividends[119]. Market Position and Strategy - The company is positioned to benefit from the increasing demand for packaging products driven by rising consumer income levels in China[103]. - The company plans to deepen customer resource development and enhance marketing synergy with Ruijie Technology's existing clients[107]. - The packaging industry is projected to achieve an annual revenue of 2.5 trillion CNY by the end of the 13th Five-Year Plan, with a focus on cultivating world-class packaging enterprises[104]. - The company aims to optimize its product structure and enhance its competitive strength following the acquisition of Ruijie Technology, which will provide new profit growth points[107]. - The company plans to enhance its digital marketing efforts, allocating an additional 50 million RMB to boost online engagement and sales[130]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,597, with 16,464 being ordinary shareholders[195]. - The largest shareholder, Li Zhichong, holds 38.19% of the shares, amounting to 118,773,870 shares, with a decrease of 7,645,960 shares during the reporting period[196]. - The company has a total of 10 major shareholders, with the top three holding a combined 52.13% of the shares[196]. - The company has not experienced any changes in its actual controllers during the reporting period[198]. - There are no restrictions on the reduction of shares held by the controlling shareholders or actual controllers[199].
华源控股(002787) - 2019 Q3 - 季度财报
2019-10-29 16:00
Financial Performance - Net profit attributable to shareholders increased by 12.71% to CNY 17,422,145.05 for the current period[8] - Operating revenue rose by 6.41% to CNY 435,327,412.61 for the current period[8] - Basic earnings per share increased by 20.00% to CNY 0.06 for the current period[8] - The net profit attributable to shareholders decreased by 21.54% to CNY 43,261,317.19 for the year-to-date[8] - The net profit after deducting non-recurring gains and losses decreased by 31.01% to CNY 37,163,778.31 for the year-to-date[8] - Total operating revenue for the current period reached ¥435,327,412.61, an increase of 6.5% compared to ¥409,112,787.36 in the previous period[41] - Net profit for the current period was ¥17,673,254.50, representing a 13.3% increase from ¥15,613,540.42 in the previous period[42] - The total profit for the current period was ¥22,284,044.48, an increase from ¥21,393,449.67 in the previous period[42] - Net profit for the third quarter was ¥43,920,109.05, a decrease of 20.7% from ¥55,365,694.21 in the previous year[51] - The company reported a total profit of ¥56,593,366.74, down 18.9% from ¥69,800,548.07 year-over-year[51] Cash Flow - Net cash flow from operating activities increased by 19.68% to CNY 69,831,030.54[8] - The net cash flow from operating activities for the period is ¥93,795,266.67, a decrease of 222.12% compared to the same period last year, primarily due to an increase in customer payments[16] - The net cash flow from investing activities for the period is -¥390,540,049.24, an increase of 189.24% compared to the same period last year, mainly due to increased investment in financial products[16] - The net cash flow from financing activities for the period is -¥57,664,819.76, a decrease of 140.12% compared to the same period last year, primarily due to the use of raised funds to replace previous investments and repay loans[16] - Cash flow from operating activities was ¥1,096,658,655.03, compared to ¥891,095,854.54 in the previous year, showing an increase in cash generation[59] - The company experienced a net decrease in cash and cash equivalents of -354,964,172.35 during the quarter[62] Assets and Liabilities - Total assets increased by 3.90% to CNY 2,401,059,708.94 compared to the end of the previous year[8] - Current assets rose to CNY 1,581,037,968.21, up from CNY 1,424,107,897.01, indicating an increase of about 11%[28] - Total liabilities increased to CNY 887,488,288.55 from CNY 872,038,709.88, reflecting a growth of approximately 1.9%[30] - The company's equity attributable to shareholders grew to CNY 1,507,999,286.72 from CNY 1,434,054,644.96, marking an increase of about 5.1%[32] - The company reported a decrease in cash and cash equivalents to CNY 114,336,991.53 from CNY 481,361,682.03, a decline of approximately 76.3%[33] - Total liabilities reached CNY 872,038,709.88, with current liabilities at CNY 547,340,169.05 and non-current liabilities at CNY 324,698,540.83[74] - The total liabilities to equity ratio is approximately 0.61, indicating a balanced capital structure[74] Shareholder Information - The company reported a total of 18,171 common shareholders at the end of the reporting period[12] - The top shareholder, Li Zhichong, holds 38.19% of the shares, amounting to 118,773,870 shares[12] Expenses - Research and development expenses for the period amount to ¥43,900,204.34, an increase of 49.58% compared to the same period last year, mainly due to the completion of the merger and acquisition of Ruijie Technology and increased R&D investment by the parent company[16] - Sales expenses for the period amount to ¥46,032,817.07, an increase of 32.40% compared to the same period last year, primarily due to the completion of the merger and acquisition of Ruijie Technology[16] - Financial expenses increased to ¥8,542,658.70, up 131.5% from ¥3,686,652.42 in the previous period, with interest expenses contributing significantly[41] Investment Activities - The ending balance of trading financial assets is ¥323,000,000.00, an increase of 100.00% compared to the end of the previous year, attributed to the increased investment in financial products using temporarily idle raised funds[16] - Investment income for the period is ¥6,777,394.17, an increase of 290.18% compared to the same period last year, attributed to increased investment in financial products using temporarily idle raised funds[16] - The company recorded investment income of ¥6,777,394.17, significantly higher than ¥1,736,986.55 in the previous year[51] Accounting Standards - The company adopted new financial instrument standards starting January 1, 2019, impacting the classification and measurement of financial assets[79] - The new standards shifted the impairment measurement from an "incurred loss model" to an "expected credit loss model" for financial assets[80] - As of January 1, 2019, the capital reserve was adjusted to approximately 675.66 million due to the new financial instrument standards[80]
华源控股(002787) - 2019 Q2 - 季度财报
2019-08-14 16:00
Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2019, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 150 million, up 10% compared to the same period last year[15]. - The company's operating revenue for the reporting period was ¥780,982,981.21, representing a 33.28% increase compared to ¥585,975,026.73 in the same period last year[20]. - The net profit attributable to shareholders decreased by 34.89% to ¥25,839,172.14 from ¥39,684,479.77 year-on-year[20]. - The net profit after deducting non-recurring gains and losses fell by 41.41% to ¥22,964,153.09 compared to ¥39,193,947.22 in the previous year[20]. - The company achieved total operating revenue of RMB 780.98 million, a year-on-year increase of 33.28%[49]. - Net profit attributable to shareholders was RMB 25.84 million, a decrease of 34.89% compared to the same period last year[49]. - Revenue from metal packaging and plastic packaging was RMB 545.28 million and RMB 224.37 million, accounting for 69.82% and 28.73% of total revenue, respectively[49]. - The company reported a total of 1,798.37 million CNY in related party transactions, accounting for 5.01% of the same type of transactions[94]. Market Expansion and Strategy - The company plans to expand its market presence by increasing production capacity by 20% in the next year[15]. - User data indicates a 25% increase in customer base, reaching 500,000 active users by June 30, 2019[15]. - The management has provided a performance guidance of 10-15% revenue growth for the second half of 2019[15]. - The company is exploring potential acquisitions to enhance its product offerings and market reach[15]. - The company has successfully acquired Ruijie Technology, expanding its product offerings to include plastic packaging containers, which have become a significant revenue source[28]. - The company plans to enhance its product quality and production capacity through flexible automation upgrades and independent research and development in the chemical can sector[30]. - The company is focused on enhancing internal controls and implementing measures to reduce manufacturing costs and improve resource utilization[47]. Research and Development - The company has invested RMB 50 million in R&D for new packaging technologies, aiming to launch two new products by the end of 2019[15]. - Research and development expenses increased by 71.30% to RMB 26.45 million, primarily due to the acquisition of Ruijie Technology[49]. - The company emphasizes independent innovation and technical development to improve product cost-effectiveness and respond to customer service needs[29]. - The company has established long-term research collaborations with institutions like Jiangnan University and Toyo Seikan Group, enhancing its technological capabilities[44]. Financial Stability and Risks - The company faces risks related to raw material price fluctuations and has outlined strategies to mitigate these risks[6]. - The company faces risks related to market demand fluctuations, particularly in the chemical paint industry, which is influenced by macroeconomic conditions[78]. - The company is exposed to operational risks due to price volatility of raw materials such as tinplate and plastic granules, which directly affect profitability[79]. - The company has a significant inventory risk, with a large amount of inventory potentially occupying substantial working capital, which may impact operational performance[80]. - The company has established a robust credit assessment and accounts receivable management system, but there remains a risk of bad debt losses as the total accounts receivable increases[80]. - The company has a concentrated customer base, primarily serving large international enterprises, which poses risks if these relationships change[79]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥23,964,236.13, a significant improvement from a negative cash flow of ¥135,154,615.49 in the same period last year[20]. - As of the end of the reporting period, cash and cash equivalents amounted to ¥194,807,387.88, representing 8.36% of total assets, an increase from 6.40% in the same period last year[56]. - The company reported a total cash inflow from financing activities of ¥182,469,510.00, down from ¥311,660,100.00 in the same period last year[175]. - The cash flow from operating activities indicates a positive trend, suggesting improved operational efficiency and revenue generation capabilities[177]. Shareholder and Equity Information - The actual controller holds 55.77% of the company's shares, which may influence company decisions and governance structure, potentially affecting shareholder interests[82]. - The total share capital increased from 306,459,735 shares to 311,018,476 shares during the reporting period, resulting in a dilution of basic earnings per share[120]. - The company issued 6,878,900 new shares at a price of 6.9 CNY per share, which were listed on January 24, 2019, and are subject to a 12-month lock-up period[117]. - The company’s basic earnings per share were diluted due to the increase in total share capital[120]. - The total equity attributable to the parent company at the end of the reporting period is 1,495,000,000 yuan, compared to 1,005,400,000 yuan at the end of the previous period, reflecting a significant increase[182]. Legal and Compliance - The half-year financial report has not been audited, indicating a lack of external validation for the financial data presented[88]. - There were no significant litigation or arbitration matters during the reporting period, indicating a stable legal environment for the company[90]. - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[196]. - The financial reports comply with the requirements of the enterprise accounting standards, reflecting the company's financial position, operating results, and cash flows accurately[198].
华源控股(002787) - 2019 Q1 - 季度财报
2019-04-29 16:00
Revenue and Profit - Revenue for Q1 2019 reached ¥359,239,284.82, an increase of 46.73% compared to ¥244,827,701.69 in the same period last year[8] - Net profit attributable to shareholders decreased by 39.59% to ¥7,353,083.33 from ¥12,172,970.26 year-on-year[8] - Net profit excluding non-recurring gains and losses fell by 45.13% to ¥6,737,018.28 from ¥12,277,365.43 in the previous year[8] - Net profit for the reporting period was ¥7,474,038.20, a decrease of 38.60% year-on-year, primarily due to increased interest expenses from convertible bonds issued[15] - Total operating revenue for Q1 2019 was ¥359,239,284.82, an increase of 46.5% compared to ¥244,827,701.69 in the previous year[40] - Net profit for Q1 2019 was ¥7,474,038.20, a decrease of 38.1% from ¥12,172,970.26 in Q1 2018[42] - The total comprehensive income for Q1 2019 was ¥7,474,230.93, down from ¥12,172,970.26 in the previous year[43] Cash Flow and Financial Position - Operating cash flow improved significantly to ¥28,875,046.19, a turnaround from a negative cash flow of ¥141,818,886.96 in the same period last year[8] - The net cash flow from operating activities for the period was ¥28,875,046.19, a decrease of 120.36% year-on-year, mainly due to reduced material purchases[15] - Cash and cash equivalents decreased significantly from CNY 584,803,500.84 to CNY 201,896,569.00, a reduction of approximately 65.5%[30] - The ending balance of cash and cash equivalents was 201,704,124.01 CNY, down from 579,396,665.79 CNY at the beginning of the period, reflecting a decrease of approximately 65%[51] - Total cash outflow for operating activities was 352,039,171.61 CNY, up from 316,765,655.76 CNY in the prior period, indicating increased operational costs[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,247,244,193.86, down 2.76% from ¥2,311,006,696.65 at the end of the previous year[8] - The company's total assets were reported at ¥2,004,731,352.63, a decrease from ¥2,058,062,407.47 in the previous year[39] - The company's total liabilities decreased from CNY 872,038,709.88 to CNY 754,623,957.72, a reduction of about 13.5%[33] - Total liabilities as of Q1 2019 amounted to ¥652,401,578.11, a decrease from ¥749,949,971.37 in the previous year[39] - The company's current assets totaled CNY 1,363,666,858.48, down from CNY 1,424,107,897.01, indicating a decrease of about 4.25%[31] - Short-term borrowings decreased from CNY 322,431,100.00 to CNY 217,500,100.00, a decline of approximately 32.5%[32] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,751[11] - The largest shareholder, Li Zhichong, holds 40.65% of the shares, with 94,814,874 shares pledged[11] - Net assets attributable to shareholders increased by 3.73% to ¥1,487,585,939.46 from ¥1,434,054,644.96 at the end of the previous year[8] - The total equity attributable to shareholders increased from CNY 1,434,054,644.96 to CNY 1,487,585,939.46, reflecting an increase of about 3.73%[34] Research and Development - Research and development expenses for the reporting period were ¥11,959,104.38, an increase of 110.13% year-on-year, driven by the acquisition of Ruijie Technology and increased R&D investment by the parent company[15] - Research and development expenses for Q1 2019 were ¥11,959,104.38, an increase of 109.5% from ¥5,691,415.99 in Q1 2018[40] Financial Management - The company reported a financial expense of ¥8,729,281.93, significantly higher than ¥874,408.56 in the previous year, primarily due to increased interest expenses[40] - The company’s financial expenses for the reporting period were ¥8,729,281.93, an increase of 898.31% year-on-year, mainly due to increased borrowings and interest expenses from convertible bonds[15] Corporate Governance - The company did not undergo an audit for the first quarter report, indicating that the financial results are unaudited[56] - The company guarantees the authenticity, accuracy, and completeness of the Q1 2019 report, ensuring no false records or misleading statements exist[62] - All board members have signed to affirm the report's integrity[63] - All senior management personnel have also signed to confirm the report's accuracy[65]
华源控股(002787) - 2018 Q4 - 年度财报
2019-04-28 16:00
Financial Performance - The company reported a significant increase in revenue, with total revenue reaching RMB 1.2 billion, representing a year-on-year growth of 15%[13]. - The company anticipates a revenue growth forecast of 10% for the upcoming fiscal year, driven by new product launches and market expansion strategies[13]. - The company's operating revenue for 2018 was ¥1,383,749,943.77, representing a 20.39% increase compared to ¥1,149,377,290.10 in 2017[19]. - The net profit attributable to shareholders for 2018 was ¥53,507,969.41, a decrease of 42.64% from ¥93,284,559.46 in 2017[19]. - The net cash flow from operating activities decreased by 75.35% to ¥37,203,335.79 in 2018 from ¥150,922,610.39 in 2017[19]. - The total assets at the end of 2018 were ¥2,311,006,696.65, a 70.72% increase from ¥1,353,672,430.19 at the end of 2017[21]. - The basic earnings per share for 2018 was ¥0.18, down 45.45% from ¥0.33 in 2017[21]. - The weighted average return on equity for 2018 was 4.57%, a decrease of 5.04% from 9.61% in 2017[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥50,888,291.43, a decrease of 42.96% from ¥89,210,008.36 in 2017[19]. - The company reported a total of ¥2,619,677.98 in non-recurring gains for 2018, compared to ¥4,074,551.10 in 2017[28]. - The company achieved a total operating revenue of 138,374.99 million yuan, representing a year-on-year growth of 20.39%[52]. - The net profit attributable to shareholders was 5,350.80 million yuan, a decrease of 42.64% compared to the previous year[52]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling RMB 15,550,531.75 (including tax) to all shareholders[5]. - For the 2018 fiscal year, the company plans to distribute a cash dividend of RMB 0.50 per 10 shares, totaling RMB 15,550,531.75, which is 29.06% of the net profit attributable to shareholders[130]. - The company distributed a cash dividend of RMB 2 per 10 shares for the 2017 fiscal year, totaling RMB 57,624,000, which was 61.77% of the net profit attributable to shareholders[127]. Market Expansion and Product Development - The company is focusing on expanding its market presence, particularly in the beverage can segment, which has seen a 20% increase in demand over the past year[13]. - The company has successfully launched two new product lines, contributing an additional RMB 200 million in revenue[13]. - The company is actively involved in the development of metal caps, food cans, and other packaging products to enhance its product structure and profitability[31]. - The company plans to expand production capacity and improve product quality through automation and R&D to meet growing customer demand for chemical cans[33]. - Metal lids are increasingly contributing to the company's revenue, with plans to develop this segment into a significant business area[33]. - The company is focusing on developing anti-counterfeiting and tracking technologies for metal packaging products, enhancing product quality and competitiveness[78]. - The company aims to enhance its core competitiveness through technological upgrades and automation in production processes[81]. Acquisitions and Investments - The company successfully acquired Ruijie Technology, which has become a subsidiary, expanding its revenue sources to include plastic packaging products[31]. - The acquisition of Ruijie Technology has expanded the company's capabilities in plastic packaging, complementing its existing metal packaging expertise[41]. - The company completed the acquisition of 99.93% of Ruijie Technology, expanding its plastic packaging business and enhancing its product offerings[54]. - The company issued 4 million convertible bonds with a total amount of 40,000 million yuan to fund new projects, including the production of 3,960 million chemical cans annually[55]. - The company raised a total of RMB 400 million through the issuance of 4 million convertible bonds, with a net amount of RMB 393.93 million after deducting various fees[97]. Research and Development - The company emphasizes R&D, having established partnerships with universities to foster innovation and maintain a competitive edge[41]. - Research and development expenses totaled 4,469.81 million yuan, constituting 3.23% of the company's operating revenue[56]. - The number of R&D personnel increased by 31.94% to 190, with R&D investment representing 3.23% of operating revenue[81]. - The company holds a total of 303 patents, including 57 invention patents, reflecting its commitment to technological innovation[56]. Risk Management - The company has identified potential risks in raw material supply, with plans to diversify suppliers to mitigate these risks[5]. - The company recognizes risks from fluctuations in domestic economic conditions and raw material prices, which could impact profitability[117]. - The company has a comprehensive credit assessment and accounts receivable management system in place to mitigate financial risks[118]. - The company faces risks from intensified market competition, which could pressure profit margins[119]. Operational Efficiency - The company has invested in new technology for UV printing, which is expected to enhance production efficiency by 30%[13]. - The company is implementing cost control measures aimed at reducing operational expenses by 5% in the next fiscal year[13]. - The company has established production bases in multiple regions, enhancing customer responsiveness and reducing logistics costs[47]. - The company focuses on technological innovation, with a strong capability in process optimization and product quality assurance[48]. Corporate Governance - The company has ensured that all shareholders have legally fulfilled their capital contribution obligations, with no instances of false or delayed contributions[134]. - The company has committed to avoiding any related party transactions that could harm shareholder interests[132]. - The commitments are legally binding and ensure that the company maintains normal operations without unauthorized asset disposals[134]. - The company has not faced any administrative or criminal penalties in the last five years that would affect its operations[134]. Social Responsibility - The company emphasizes social responsibility, focusing on sustainable development and community contributions[184]. - The company adheres to environmental protection standards and promotes green office practices[189].
华源控股(002787) - 2018 Q3 - 季度财报
2018-10-29 16:00
2018 年第三季度报告正文 证券代码:002787 证券简称:华源控股 公告编号:2018-115 苏州华源控股股份有限公司 2018 年第三季度报告正文 2018 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。 公司负责人李炳兴、主管会计工作负责人邵娜及会计机构负责人(会计主管 人员)蔡昌玲声明:保证季度报告中财务报表的真实、准确、完整。 2 2018 年第三季度报告正文 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) | 1,955,808,351.51 | | 1,353,672,430.19 | 44.48% | | 归属于上市公司股东的净资产 | 1,335,974,233.85 | | 1,005, ...
华源控股(002787) - 2018 Q2 - 季度财报
2018-07-25 16:00
Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2018, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[14]. - The company's operating revenue for the first half of 2018 was ¥585,975,026.73, an increase of 4.47% compared to ¥560,902,300.87 in the same period last year[19]. - The net profit attributable to shareholders decreased by 17.94% to ¥39,684,479.77 from ¥48,360,136.39 year-on-year[19]. - The company achieved total revenue of 585.975 million yuan, a year-on-year increase of 4.47%[51]. - The net profit attributable to shareholders was 39.6845 million yuan, a year-on-year decrease of 17.94%[51]. - The gross margin for the first half of 2018 was reported at 40%, a slight increase from 38% in the previous year[106]. - Operating expenses increased by 5% year-over-year, primarily due to higher marketing costs associated with new product launches[105]. - The company reported a total revenue of 1.5 billion in the first half of 2018, representing a year-over-year increase of 15%[105]. - The company reported a net profit attributable to shareholders for the first nine months of 2018 expected to range from 46 million to 77 million yuan, reflecting a change of -40.05% to 0.36% compared to the same period in 2017[94]. Research and Development - The company plans to invest RMB 50 million in R&D for new packaging technologies in the upcoming year[14]. - The company focuses on R&D and has established a dedicated R&D office to align with market and technology trends[33]. - The company invested 15.4403 million yuan in R&D, representing 2.63% of total revenue[55]. - The company’s R&D investment increased by 4.73% to ¥15.44 million, reflecting ongoing efforts in innovation[61]. - The company holds a total of 257 patents, including 50 invention patents[55]. - The company emphasizes innovation and has developed multiple patents in both metal and plastic packaging, maintaining a technological edge in the industry[40]. Market Expansion and Strategy - The company is expanding its market presence by entering two new provinces in China by the end of 2018[14]. - A strategic acquisition of a local packaging firm is planned to enhance production capacity and market share[14]. - The company has outlined a future outlook with a revenue growth target of 10-15% for the second half of 2018[14]. - User data indicates a 10% increase in customer base, reaching 1 million active users[14]. - The company is considering strategic acquisitions to enhance its product offerings, with a budget of 100 million allocated for potential deals[105]. - Market expansion plans include entering three new international markets by Q4 2018, which is expected to increase user base by 15%[106]. Financial Position and Assets - Total assets increased by 39.03% to ¥1,881,957,503.14 from ¥1,353,672,430.19 at the end of the previous year[19]. - The net assets attributable to shareholders rose by 31.47% to ¥1,321,951,461.60 from ¥1,005,489,550.19 at the end of the previous year[19]. - The company's total assets reached CNY 1,881,957,503.14 as of June 30, 2018, an increase from CNY 1,353,672,430.19 at the beginning of the year[169]. - Current assets totaled CNY 1,043,603,825.04, up from CNY 806,857,222.57 at the start of the period, indicating a growth of approximately 29.3%[167]. - Total liabilities amounted to CNY 555,183,429.75, compared to CNY 348,182,880.00 at the beginning of the year, reflecting an increase of about 59.7%[168]. Cash Flow and Financing - The net cash flow from operating activities showed a significant decline, reaching -¥135,154,615.49, a 1,170.85% decrease compared to -¥10,635,002.36 in the previous year[19]. - The company’s investment activities generated a net cash outflow of -¥88.85 million, which is a 226.80% increase in outflow compared to -¥27.19 million in the previous year[61]. - Cash inflow from financing activities included CNY 311,660,100.00 from borrowings, up from CNY 61,000,000.00 in the previous period[184]. - The company reported a significant increase in financial expenses, rising by 424.59% to ¥3.31 million, primarily due to an increase in borrowing during the period[61]. - The company has a commitment related to asset restructuring, with a lock-up period of 12 months for shares acquired during the transaction[102]. Shareholder and Governance - No cash dividends or stock bonuses will be distributed to shareholders for this period[6]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period, indicating a focus on reinvestment[101]. - The actual controllers of the company hold 60.43% of the total shares, indicating a strong influence over company decisions and potential governance risks[97]. - The company has established a robust credit assessment and accounts receivable management system, but there remains a risk of bad debt losses due to increasing customer numbers and total accounts receivable[96]. - The company has committed to maintaining fair pricing and conditions in any unavoidable related party transactions[103]. Acquisitions and Partnerships - The company completed the acquisition of 99.7857% of Ruijie Technology, enhancing its product portfolio and market position[29]. - The acquisition of Ruijie Technology is expected to expand the company's customer base and improve market recognition, leveraging overlapping high-end clients[35]. - The company has established long-term strategic partnerships with high-end clients such as AkzoNobel, Nippon Paint, and PPG, which have been in place for over ten years[35]. - The acquisition of Ruijie Technology is expected to create synergies, enriching the company's product portfolio and increasing profit growth points[43]. Operational Efficiency - The company employs a centralized procurement model for key raw materials, ensuring efficient production and sales operations[33]. - The company has optimized its supplier management to mitigate the impact of rising raw material prices through a qualified supplier system[56]. - The management team has extensive experience and has been effective in enhancing the company's operational capabilities and market responsiveness[48]. - The company has established four can production bases in Suzhou, Guangzhou, Tianjin, and Chengdu, improving customer response and reducing logistics costs[46]. Risks and Challenges - The company has identified potential risks including raw material price fluctuations and has developed mitigation strategies[5]. - The company anticipates that rising raw material prices, particularly for tinplate and plastic granules, will pose a risk to profitability, despite having established long-term relationships with key customers[95]. - The company is focusing on consolidating existing customer shares and exploring new clients to enhance its risk resilience amid economic fluctuations[95]. - The company has a significant customer concentration risk, primarily serving major international chemical paint enterprises such as AkzoNobel, Nippon Paint, and PPG, which could impact financial stability if business relationships change[96].
华源控股(002787) - 2018 Q1 - 季度财报
2018-04-24 16:00
苏州华源控股股份有限公司 2018 年第一季度报告正文 证券代码:002787 证券简称:华源控股 公告编号:2018-058 苏州华源控股股份有限公司 2018 年第一季度报告正文 2018 年 04 月 1 苏州华源控股股份有限公司 2018 年第一季度报告正文 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。 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 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入(元) | 244,827,701.69 | 256,980,106.04 | -4.73% | | 归属于上市公司股东的净利润(元) | 12,172,970.26 | 22,174,152.27 | -45.10% | | 归属于上市公司股东的扣除非经常性损 益的净利润(元) | 12,277,365.43 | 20,787,141.99 | -40.94% | ...
华源控股(002787) - 2017 Q4 - 年度财报
2018-04-19 16:00
Financial Performance - The company's operating revenue for 2017 was ¥1,149,377,290.10, representing a 14.19% increase compared to ¥1,006,551,361.02 in 2016[6]. - The net profit attributable to shareholders for 2017 was ¥93,284,559.46, a decrease of 13.24% from ¥107,520,862.00 in 2016[6]. - The net cash flow from operating activities increased by 47.59% to ¥150,922,610.39 in 2017, up from ¥102,260,538.66 in 2016[6]. - The total assets at the end of 2017 were ¥1,353,672,430.19, reflecting a 12.07% increase from ¥1,207,875,139.63 at the end of 2016[6]. - The company reported a basic earnings per share of ¥0.33 for 2017, down 13.16% from ¥0.38 in 2016[6]. - The weighted average return on equity for 2017 was 9.61%, a decline from 11.66% in 2016[6]. - The company's net assets attributable to shareholders increased by 5.95% to ¥1,005,489,550.19 in 2017 from ¥949,000,704.54 in 2016[18]. - The gross profit margin for the metal packaging industry decreased to 19.52% in 2017 from 24.43% in 2016, reflecting a decline of 4.91%[68]. - The sales revenue from chemical cans accounted for 72.28% of total operating revenue, amounting to 830.82 million yuan[54]. - The company achieved total operating revenue of 1,149.38 million yuan, a year-on-year increase of 14.19%[54]. Dividend Distribution - The company plans to distribute a cash dividend of 2 RMB per 10 shares to all shareholders based on a total share capital of 288,120,000 shares as of December 31, 2017[4]. - In 2017, the company distributed cash dividends of 57,624,000.00 RMB, representing 61.77% of the net profit attributable to shareholders[122]. - The 2017 dividend plan includes a cash distribution of 2.00 RMB per 10 shares, with a total cash dividend amounting to 57,624,000 RMB[120]. - The company has maintained a cash dividend payout ratio of over 60% in recent years, reflecting a commitment to returning value to shareholders[122]. Business Operations and Strategy - The company has not reported any changes in its main business since its listing, indicating stability in operations[16]. - The company operates multiple subsidiaries, including Chengdu Huayuan and Guangzhou Huayuan, which contribute to its market presence[9]. - The company has established a comprehensive information disclosure system, utilizing multiple media outlets for transparency[15]. - The company has established stable and reliable strategic partnerships with high-end clients in the coatings industry, such as AkzoNobel, Nippon Paint, and PPG, with cooperation durations exceeding ten years[39]. - The company has a complete business chain in metal packaging, which includes product process design, CTP plate making, iron coating, parts production, mold development, and can manufacturing, enhancing its competitiveness and profitability[48]. - The company has a strong capability to develop new clients, leveraging its core competitive advantages in technology, quality, equipment, and management[40]. - The company has established a qualified supplier system to stabilize raw material supply and mitigate cost impacts from rising prices[59]. - The company has a flexible production model of "sales-driven production + planned reserves," allowing it to respond effectively to market demands[34]. - The company has established effective communication channels with investors to enhance its reputation and influence in the market[62]. Research and Development - The company invested 28.70 million yuan in R&D, representing 2.5% of total operating revenue, and obtained 39 new patents during the reporting period[57]. - The company emphasizes research and development, providing favorable conditions for innovation and aligning its R&D strategy with market and technological trends[36]. - The number of R&D personnel increased to 144 in 2017, up by 3.60% from 139 in 2016, with R&D personnel accounting for 9.65% of the total workforce[81]. - The company is focusing on increasing R&D investment to enhance independent innovation capabilities[111]. Acquisitions and Investments - The company plans to acquire equity in Ruijie Technology through a combination of issuing shares and cash payments, which has been approved by the regulatory authority[29]. - Ruijie Technology specializes in the research, manufacturing, and sales of plastic products, expanding the company's product offerings and market reach[30]. - The company plans to enhance its product system and market position through the acquisition of Ruijie Technology, which specializes in plastic products, thereby increasing its profit growth points[47]. - The company is in the process of acquiring equity in Ruijie Technology through a combination of issuing shares and cash payments, with approval from the China Securities Regulatory Commission received on February 1, 2018[177]. Risk Management - The company has outlined potential risks and corresponding countermeasures in its future development outlook section[4]. - The company faces risks from fluctuations in the domestic economic environment, which may impact operations despite efforts to consolidate existing customer shares and improve production efficiency[113]. - The main raw material, tinplate, is subject to price volatility, which could directly affect profitability; the company has established long-term stable relationships with major clients to mitigate this risk[113]. - The company has a concentrated customer base, primarily serving large international chemical paint enterprises, which poses a risk if these clients' business environments change[113]. - The company has a significant accounts receivable balance due to credit terms ranging from 30 to 120 days, which could lead to bad debt risks despite a robust credit assessment system[114]. Corporate Governance - The board of directors has confirmed the accuracy and completeness of the annual report, ensuring no misleading statements or omissions[3]. - The actual controllers hold 59.96% of the company's shares, which may influence decision-making and governance if the structure is not sound[114]. - The company has not undergone any changes in its controlling shareholders, ensuring continuity in management[16]. - The actual controllers of the company include Li Zhichong, Li Bingxing, and Lu Xingzhen, all of whom are domestic natural persons[199]. Environmental and Social Responsibility - The company emphasizes its focus on environmental sustainability through the use of UV printing technology in its packaging solutions[10]. - The company is committed to environmental protection and energy conservation, implementing the ISO14001 environmental management system and promoting a paperless office[173]. - The company is actively involved in public welfare, supporting local education, culture, and poverty alleviation initiatives during the reporting period[175]. - The company has established a safety management system and occupational health protection measures, emphasizing green development through technological upgrades and clean energy usage[112]. Shareholder Relations - The company has established a stable and harmonious relationship with employees, providing diverse training and health check-ups to enhance employee cohesion[171]. - The company has committed to several investment projects, with a total commitment of RMB 35.17 million[96]. - The company has not reported any non-compliance issues regarding the usage of raised funds[96].
华源控股(002787) - 2017 Q3 - 季度财报
2017-10-24 16:00
苏州华源控股股份有限公司 2017 年第三季度报告正文 证券代码:002787 证券简称:华源控股 公告编号:2017-106 苏州华源控股股份有限公司 2017 年第三季度报告正文 苏州华源控股股份有限公司 2017 年第三季度报告正文 第一节 重要提示 2 苏州华源控股股份有限公司 2017 年第三季度报告正文 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) | 1,414,121,892.05 | 1,207,875,139.63 | | 17.08% | | 归属于上市公司股东的净资产 | 963,848,888.27 | | 949,000,704.54 | 1.56% | | (元) | | | | | | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | | | 增减 | | 年同期增减 | | 营业收入(元) | 317,750,695.98 ...