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惠威科技(002888) - 2021 Q1 - 季度财报
2021-04-27 16:00
Revenue and Profit - The company's revenue for Q1 2021 was ¥62,138,140.51, representing a 22.09% increase compared to ¥50,894,265.61 in the same period last year[7] - Net profit attributable to shareholders decreased by 11.63% to ¥8,044,099.08 from ¥9,102,699.01 year-on-year[7] - The net profit after deducting non-recurring gains and losses increased by 112.73% to ¥6,974,516.15, up from ¥3,278,523.89 in the previous year[7] - Basic earnings per share decreased by 11.64% to ¥0.0645 from ¥0.0730 year-on-year[7] - Net profit for Q1 2021 was ¥8,044,099.08, compared to ¥9,102,699.01 in the same period last year, reflecting a decrease of approximately 11.6%[38] - The net profit excluding non-recurring gains and losses reached 6,974,516.15 yuan, an increase of 112.73% year-on-year, driven by higher revenue and gross profit[15] - The net profit for the first quarter was CNY 377,709.68, a decrease of 73.8% from CNY 1,440,888.76 in the same period last year[42] Cash Flow - The net cash flow from operating activities was negative at -¥5,168,808.54, a decline of 207.02% compared to ¥4,829,582.63 in the same period last year[7] - The cash flow from operating activities showed a net outflow of CNY 5,168,808.54, compared to a net inflow of CNY 4,829,582.63 in the previous period[46] - Cash inflow from operating activities totaled 22,979,186.26 CNY, compared to 18,646,140.90 CNY in the prior period, reflecting a growth of approximately 23.5%[48] - Cash outflow from operating activities increased to 24,836,084.90 CNY from 16,325,177.96 CNY, representing a rise of about 52.2%[48] - The net cash flow from operating activities was -1,856,898.64 CNY, a decrease from 2,320,962.94 CNY in the previous period[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥502,502,707.85, a 1.00% increase from ¥497,514,556.68 at the end of the previous year[7] - The company's total assets amounted to 502,502,707.85 yuan, an increase from 497,514,556.68 yuan at the beginning of the period[28] - The company's total liabilities decreased to 67,182,570.37 yuan from 70,229,607.07 yuan in the previous period[30] - The company's total liabilities were ¥53,496,324.51, down from ¥55,739,462.69 in the previous period[34] - The company's accounts payable rose to 44,819,647.03 yuan, up from 40,450,894.64 yuan in the previous period[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,275[11] - The largest shareholder, HONGBO YAO, holds 62.78% of the shares, totaling 78,269,616 shares[11] - The total equity attributable to shareholders increased to ¥392,744,759.37 from ¥392,367,049.69[34] Other Financial Metrics - The company's cash and cash equivalents increased by 2,932,852.56 yuan, a decrease of 96.61% compared to the previous period, primarily due to reduced cash flow from investment activities[15] - Other income decreased by 90.63% to 581,801.79 yuan, primarily due to reduced subsidies from the Zhuhai subsidiary[15] - The company's investment income decreased by 33.17% to 423,839.34 yuan, primarily due to reduced financial investment returns[15] - The company's prepayments increased by 90.06% to 3,242,779.76 yuan, mainly due to an increase in advance payments for materials[15] - The company reported a gross profit margin of approximately 17.8% for Q1 2021, down from the previous year's margin[36] - Research and development expenses were CNY 1,154,613.35, a decrease of 29.1% from CNY 1,630,843.13 in the previous period[40] Investment Activities - The total cash inflow from investment activities was CNY 75,599,808.22, while cash outflow was CNY 67,500,098.40, resulting in a net cash inflow of CNY 8,099,709.82[46] - The net cash flow from investing activities was -1,772,867.32 CNY, down from 72,581,632.13 CNY in the previous period[50] - Cash inflow from investing activities was 72,974,005.48 CNY, while cash outflow was 1,772,867.32 CNY, indicating significant investment activity[50] Audit Information - The company did not undergo an audit for the first quarter report[51]
惠威科技(002888) - 2020 Q3 - 季度财报
2020-10-28 16:00
Financial Performance - Operating revenue for the reporting period was CNY 60,361,088.53, down 6.19% year-on-year[7] - Net profit attributable to shareholders increased by 169.27% to CNY 6,937,939.09 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,544,205.76, an increase of 320.82%[7] - Basic earnings per share rose by 200.00% to CNY 0.06 for the reporting period[7] - The weighted average return on equity was 1.73%, an increase of 143.66% compared to the previous year[7] - The net profit margin improved due to lower operating costs, although specific profit figures were not disclosed in the provided data[38] - The net profit for the third quarter reached CNY 6,937,939.09, up from CNY 2,576,557.07 in the same period last year, representing a growth of approximately 169%[40] - The total comprehensive income for the quarter was CNY 6,953,443.53, compared to CNY 2,460,918.58 in the previous year, showing a substantial rise[40] - The company recorded a profit before tax of CNY 7,638,393.28, compared to CNY 2,921,117.43 in the previous year, reflecting a strong operational performance[40] Assets and Liabilities - Total assets at the end of the reporting period were CNY 465,665,895.87, a decrease of 1.36% compared to the end of the previous year[7] - The total assets of the company reached CNY 454,019,052.62, up from CNY 410,881,627.11 in the previous year[34] - The total liabilities decreased to CNY 65,752,949.82 from CNY 19,606,620.87, indicating a reduction in financial obligations[35] - The company's equity decreased slightly to CNY 388,266,102.80 from CNY 391,275,006.24, reflecting changes in retained earnings[35] Cash Flow - The net cash flow from operating activities was CNY -1,894,801.62, a decrease of 106.18%[7] - Cash flow from operating activities decreased by 99.24% to ¥247,310.98 from ¥32,570,752.52, primarily due to increased cash payments for purchases and services[17] - Cash flow from investing activities increased by 153.57% to ¥67,769,276.73 from ¥26,726,012.44, mainly due to a significant recovery of financial investment funds[17] - The total cash inflow from operating activities for the period was ¥214,112,579.49, a decrease of approximately 5.9% compared to ¥225,440,119.60 in the previous period[52] - The net cash flow from investment activities was ¥67,769,276.73, an increase from ¥26,726,012.44 in the previous period[54] - The net increase in cash and cash equivalents was ¥43,232,171.89, compared to ¥9,311,427.59 in the previous period, reflecting a significant improvement[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,925[11] - The largest shareholder, HONGBO YAO, holds 62.78% of the shares, totaling 78,269,616 shares[11] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 7,988,946.70 during the reporting period[8] - Other income surged by 1367.53% to ¥7,988,946.70 from ¥544,380.81, primarily due to increased government subsidies related to daily operations[15] Inventory and Expenses - Inventory rose by 30.37% to ¥120,517,105.53 from ¥92,441,152.66, mainly impacted by the pandemic and new product development[15] - Financial expenses increased by 284.21% to -¥3,063,527.82 from -¥797,363.22, mainly due to a decrease in purchased financial products[15] - Research and development expenses were CNY 5,626,330.26, compared to CNY 5,338,802.59 in the previous period, indicating continued investment in innovation[38] - Research and development expenses for the quarter were CNY 1,624,171.99, down from CNY 2,188,275.52, suggesting a strategic focus on cost management[42]
惠威科技(002888) - 2020 Q2 - 季度财报
2020-08-14 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥112,876,089.24, a decrease of 5.58% compared to ¥119,546,193.00 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥14,566,380.11, an increase of 6.18% from ¥13,718,331.09 in the previous year[17]. - The basic earnings per share increased by 9.09% to ¥0.12 from ¥0.11 in the previous year[17]. - The total operating revenue for the first half of 2020 was ¥112,876,089.24, representing a decrease of 5.58% compared to ¥119,546,193.00 in the same period last year[37]. - The net profit attributable to shareholders was CNY 14.57 million, representing a year-on-year growth of 6.18%[33]. - The total profit for the first half of 2020 was CNY 16,015,730.50, up from CNY 15,384,037.57 in the same period of 2019, indicating a growth of 4.1%[132]. - The company's total comprehensive income for the first half of 2020 was CNY 14,701,739.85, compared to CNY 13,719,192.21 in the previous year, marking an increase of 7.2%[132]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥2,142,112.60, down 88.67% from ¥18,911,870.84 in the same period last year[17]. - Cash and cash equivalents increased by 1,561.93%, amounting to CNY 54.79 million, primarily due to the redemption of financial products for fixed deposits[36]. - Cash and cash equivalents increased to ¥186,373,405.82, representing 39.41% of total assets, up from 27.87% in the previous year[42]. - The cash flow from operating activities generated a net amount of CNY 2,142,112.60, a significant decrease of 88.7% compared to CNY 18,911,870.84 in the first half of 2019[139]. - The net cash flow from financing activities was CNY 5,064,720.00, a significant improvement compared to a net outflow of CNY 90,460,017.54 in the same period of the previous year[143]. - The total cash and cash equivalents at the end of the period increased to CNY 145,529,266.93, compared to CNY 41,151,287.39 at the end of the first half of 2019, marking a growth of 253.5%[143]. Assets and Liabilities - Total assets at the end of the reporting period were ¥472,930,494.73, a slight increase of 0.18% from ¥472,099,906.72 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company decreased by 2.43% to ¥411,308,146.65 from ¥421,543,323.67 at the end of the previous year[17]. - The company's inventory net amount is 122.41 million yuan, accounting for 25.88% of total assets, indicating a high level of inventory due to a wide range of products and the nature of the business[65]. - Total liabilities increased to CNY 61,622,348.08 from CNY 50,556,583.05, indicating a rise in financial obligations[125]. - The total equity attributable to shareholders decreased to CNY 411,308,146.65 from CNY 421,543,323.67, reflecting a decline in retained earnings[125]. Research and Development - The company’s R&D investment was CNY 9.61 million, a decrease of 7.96% compared to the previous year[36]. - Research and development expenses were CNY 9,607,422.96, slightly down from CNY 10,438,361.94, indicating a focus on cost management[130]. - The R&D center construction project has seen a cumulative investment of ¥1,085.38 million, representing only 29.29% of the planned investment[53]. Market and Competition - The company faces risks including new product and technology substitution risks, market volatility risks, and talent loss risks[4]. - The company faces risks from intense competition in the smart audio market, with major tech giants entering the space, which could lead to a decline in performance if the company fails to innovate[65]. - The company plans to continue focusing on sound quality and technological innovation to enhance its core competitiveness[34]. Shareholder Information - The total number of shares is 124,676,400, with 71.47% being limited shares and 28.53% being unrestricted shares[99]. - The largest shareholder, Hongbo Yao, holds 62.78% of the total shares, amounting to 78,269,616 shares[103]. - The total number of common shareholders at the end of the reporting period was 13,936[103]. - The company has not distributed cash dividends or bonus shares for the half-year period, nor has it increased capital from reserves[70]. Government Subsidies and Non-Operating Income - The company reported non-operating income of ¥6,650,430.74 from government subsidies during the reporting period[22]. - The company received government subsidies for its wholly-owned subsidiary, as disclosed in announcement 2020-008[95]. Compliance and Governance - The company has not experienced any major litigation or arbitration matters during the reporting period[75]. - The company has not engaged in any significant related party transactions during the reporting period[78]. - The company has not been classified as a key pollutant discharge unit by environmental protection authorities[91]. - The company has not initiated any targeted poverty alleviation efforts during the reporting period and has no plans for such initiatives[92]. Accounting and Financial Reporting - The financial statements are prepared based on the accrual basis of accounting, in accordance with the relevant accounting standards[166]. - The company consolidates financial statements according to the requirements of the Accounting Standards for Business Enterprises No. 33, including all significant internal transactions and balances[180]. - The company recognizes joint ventures and jointly controlled assets and liabilities based on their ownership share, ensuring accurate financial reporting[181].
惠威科技(002888) - 2020 Q1 - 季度财报
2020-04-27 16:00
Revenue and Profit - Revenue for Q1 2020 was CNY 50,894,265.61, a decrease of 9.55% compared to CNY 56,265,180.50 in the same period last year[8] - Net profit attributable to shareholders was CNY 9,102,699.01, an increase of 146.82% from CNY 3,688,013.68 year-on-year[8] - Basic earnings per share increased to CNY 0.0730, representing a growth of 146.62% compared to CNY 0.0296 in the same quarter last year[8] - The total operating revenue for Q1 2020 was CNY 50,894,265.61, a decrease of 10.4% compared to CNY 56,265,180.50 in the same period last year[35] - The net profit for Q1 2020 reached CNY 9,102,699.01, representing a significant increase of 146.5% compared to CNY 3,688,013.68 in Q1 2019[37] - The basic and diluted earnings per share for Q1 2020 were CNY 0.0730, compared to CNY 0.0296 in Q1 2019, reflecting a growth of 146.5%[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 489,530,483.37, reflecting a 3.69% increase from CNY 472,099,906.72 at the end of the previous year[8] - The company's total assets as of March 31, 2020, amounted to CNY 415,781,898.21, a slight increase from CNY 410,881,627.11 at the end of 2019[33] - The company's total liabilities as of March 31, 2020, were CNY 23,066,003.21, an increase from CNY 19,606,620.87 at the end of 2019[33] Cash Flow - The net cash flow from operating activities was CNY 4,829,582.63, a decline of 51.43% from CNY 9,942,854.66 in the previous year[8] - Cash and cash equivalents increased by 65.78% to ¥218,144,862.88 from ¥131,585,718.02 due to a reduction in wealth management purchases[15] - Cash received from other operating activities rose by 285.12% to ¥7,322,382.22 from ¥1,901,307.83, driven by increased government subsidies[15] - Cash flow from operating activities generated a net amount of ¥4,829,582.63, down 51.54% from ¥9,942,854.66 in the previous period[44] - Cash and cash equivalents at the end of the period totaled ¥217,449,550.38, an increase of 128.00% from ¥95,285,145.79 in the previous period[45] - The net increase in cash and cash equivalents for the quarter was approximately ¥74.90 million, compared to ¥14.03 million in the previous period[48] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,998[10] - The largest shareholder, HONGBO YAO, holds 62.78% of the shares, totaling 78,269,616 shares, with 2,500,000 shares pledged[10] Other Financial Metrics - The weighted average return on equity was 2.14%, up from 0.82% in the same period last year, an increase of 1.32%[8] - Other income surged by 3674.52% to ¥6,206,838.48 from ¥164,440.40, largely due to increased government subsidies received by the Zhuhai subsidiary[15] - Financial expenses increased by 133.03% to -¥640,428.19 from -¥274,825.73, attributed to higher interest income from increased bank deposits[15] - Investment income decreased by 45.43% to ¥634,235.62 from ¥1,162,257.54, primarily due to reduced interest income from wealth management products[15] - The company reported a significant decrease in asset impairment losses to ¥218,456.99 from ¥731,968.54, a reduction of 70.10%[40] Operating Costs and Expenses - The total operating costs for Q1 2020 were CNY 46,222,950.51, down 14.4% from CNY 53,925,952.90 in Q1 2019[36] - Total operating expenses decreased to ¥16,936,981.75 from ¥19,233,807.10, reflecting a reduction of 11.92%[40] - Research and development expenses increased slightly to ¥1,630,843.13 from ¥1,585,468.27, indicating a growth of 2.93%[40] Audit and Standards - The company did not undergo an audit for the first quarter report[49] - The company has not applied new revenue and leasing standards for the current year[49]
惠威科技(002888) - 2019 Q4 - 年度财报
2020-04-14 16:00
Financial Performance - The company's operating revenue for 2019 was CNY 274,816,055.36, representing a 3.07% increase compared to CNY 266,619,585.12 in 2018[17] - The net profit attributable to shareholders for 2019 was CNY 26,160,244.60, a decrease of 7.32% from CNY 28,226,111.48 in 2018[17] - The basic earnings per share for 2019 was CNY 0.21, down 8.70% from CNY 0.23 in 2018[17] - The total profit amounted to CNY 28.69 million, while net profit attributable to shareholders decreased by 7.32% to CNY 26.16 million[35] - The company's total revenue for 2019 was CNY 24,935,280, representing a decrease of 49.9% compared to CNY 49,870,560 in 2018[90] - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2019, representing a year-over-year increase of 15%[163] Cash Flow and Assets - The net cash flow from operating activities significantly increased by 404.79% to CNY 65,917,253.41 from CNY 13,058,374.50 in 2018[17] - Total assets at the end of 2019 were CNY 472,099,906.72, a decrease of 3.51% from CNY 489,278,819.83 at the end of 2018[17] - The net assets attributable to shareholders decreased by 5.32% to CNY 421,543,323.67 from CNY 445,250,158.48 in 2018[17] - The company's cash and cash equivalents increased by 51.25% in 2019, primarily due to increased revenue and improved inventory and supply chain management[31] - The total amount of accounts receivable was ¥8,018,196.59, which is 1.70% of total assets[61] - The inventory decreased to ¥92,441,152.66, representing 19.58% of total assets, down from 22.91%[61] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 2 per 10 shares, totaling CNY 24,935,368.00 based on 124,676,400 shares[5] - The cash dividend distribution plan for 2019 is CNY 2.00 per share (including tax), totaling CNY 24,935,280, which accounts for 100% of the distributable profit[92] - The company distributed cash dividends of 4.00 RMB per 10 shares for the 2018 fiscal year, totaling 49.87 million RMB, in accordance with its profit distribution policy[86] Research and Development - The company has a strong R&D team with over a hundred personnel, emphasizing innovation and the development of new products to meet market demands[33] - The company's R&D investment reached ¥21,799,347.88, representing 7.93% of operating revenue, with a year-on-year increase of 1.62%[52] - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product performance[163] - The company plans to strengthen technology research and development, focusing on the trends of smart, internet, and mobile audio products[78] Market and Sales - The company maintains a comprehensive product line including multimedia audio, home theater, professional audio, automotive audio, public broadcasting systems, headphones, and various speaker units[32] - The "HiVi" brand consistently ranks among the top three in the audio market, indicating strong brand recognition and market presence[29] - Domestic sales accounted for 98.24% of total revenue, with a year-on-year increase of 3.27%[41] - The company is actively expanding into emerging markets while strengthening relationships with key customers[36] - Market expansion efforts include entering three new international markets, projected to increase overall market share by 5%[163] Corporate Governance and Compliance - The company has fulfilled its commitments related to the management of related party transactions and has no non-operating fund occupation by controlling shareholders[98] - The company aims to strengthen its governance structure and improve management levels to meet capital market requirements, ensuring transparency and integrity[79] - The company has established an independent financial department with a separate accounting system and financial management policies, ensuring independent financial decision-making[177] - The company received a standard unqualified audit opinion, confirming that the financial statements fairly represent its financial position[194] Risks and Challenges - The company faces risks from market fluctuations, with consumer demand significantly influenced by macroeconomic conditions, which could adversely affect performance[81] - The electronic audio equipment manufacturing industry is experiencing increased competition, with a clear trend towards brand concentration and technological advancement[77] - The company is committed to continuous innovation and technology development to mitigate risks from new product and technology replacements in the competitive electronic sound industry[80] Employee and Management - Employee compensation was gradually increased, reflecting the company's commitment to labor rights and a safe working environment[37] - The company employed a total of 818 staff, with 417 in production, 90 in sales, 165 in technical roles, 16 in finance, and 130 in administration[166][167] - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[172] Audit and Financial Reporting - The audit highlighted revenue recognition as a key audit matter due to its importance as a performance indicator and the inherent risk of manipulation[196] - The company’s internal control system has been evaluated without any major deficiencies, supporting operational effectiveness[189] - The audit was conducted by Asia Pacific (Group) CPA Firm, ensuring adherence to professional auditing standards[194]
惠威科技(002888) - 2019 Q3 - 季度财报
2019-10-28 16:00
Financial Performance - Operating revenue for the reporting period was CNY 64,346,589.65, representing an increase of 18.98% year-on-year[9] - Net profit attributable to shareholders was CNY 2,576,557.07, a decrease of 39.36% compared to the same period last year[9] - Basic earnings per share were CNY 0.02, down 41.18% from the same period last year[9] - The company reported a net profit of CNY 1,317,480.22 after deducting non-recurring gains and losses, an increase of 325.50% year-on-year[9] - Total operating revenue for Q3 2019 was CNY 64,346,589.65, an increase of 19.8% compared to CNY 54,079,653.64 in the same period last year[37] - Net profit for Q3 2019 was CNY 2,576,557.07, a decrease of 39.5% from CNY 4,249,047.46 in Q3 2018[39] - Total comprehensive income for Q3 2019 was CNY 2,460,918.58, compared to CNY 4,361,481.28 in Q3 2018, indicating a decline of 43.5%[40] - The company reported a total operating cost of CNY 173,747,921.50, an increase of 3.3% from CNY 168,656,123.37 in the previous year[46] Assets and Liabilities - Total assets at the end of the reporting period were CNY 456,795,723.76, a decrease of 6.64% compared to the end of the previous year[9] - Total current assets decreased from CNY 355,659,968.64 on December 31, 2018, to CNY 328,957,704.30 on September 30, 2019, a decline of approximately 7.5%[28] - Total non-current assets decreased from CNY 133,618,851.19 to CNY 127,838,019.46, a decline of about 4.4%[29] - Total liabilities increased from CNY 44,028,661.35 to CNY 45,236,014.49, an increase of approximately 2.7%[30] - Total equity decreased from CNY 445,250,158.48 to CNY 411,559,709.27, a decline of about 7.6%[31] Cash Flow - Cash flow from operating activities was CNY 13,658,881.68, an increase of 319.98% compared to the previous year[9] - Operating cash flow net amount improved by 288.38% to ¥32,570,752.52, attributed to enhanced inventory management[19] - Investment cash flow net amount increased by 118.12% to ¥26,726,012.44, mainly due to the recovery of investment funds[19] - The net cash flow from operating activities was 32,570,752.52 CNY, a significant improvement compared to a net outflow of 17,290,131.11 CNY in the same period last year[53] - The total cash inflow from investment activities was 393,659,780.80 CNY, compared to 180,115,369.86 CNY in the previous year, resulting in a net cash flow of 26,726,012.44 CNY, up from a net outflow of 147,533,075.34 CNY[53] - The cash flow from financing activities resulted in a net outflow of 49,870,560.00 CNY, compared to a net outflow of 16,623,520.00 CNY in the same period last year[54] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,135[13] - The largest shareholder, Hongbo Yao, holds 62.78% of the shares, with 2,500,000 shares pledged[13] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 3,594,380.81 during the reporting period[11] - The company’s other income decreased by 94.48% to ¥544,380.81, mainly due to a reduction in related subsidies[18] Inventory and Receivables - Accounts receivable decreased by 45.49% to ¥5,784,760.27, primarily due to the recovery of outstanding payments from customers[18] - Inventory decreased from CNY 112,086,534.01 to CNY 111,110,604.70, a slight decrease of about 0.9%[28] - The company reported a significant reduction in other receivables from CNY 1,559,544.57 to CNY 1,262,001.90, a decrease of approximately 19.1%[28] Research and Development - Research and development expenses for Q3 2019 were CNY 5,338,802.59, slightly down from CNY 5,456,114.90 in the previous year[37] - Research and development expenses for Q3 2019 were CNY 15,777,164.53, slightly up from CNY 15,620,934.22 in Q3 2018[46] Dividends and Financial Expenses - The company paid 50,429,093.01 CNY in dividends and interest, compared to 16,623,520.00 CNY in the same period last year[57] - The company reported a financial expense of CNY -797,363.22, an improvement from CNY -1,876,393.54 in Q3 2018[46]
惠威科技(002888) - 2019 Q2 - 季度财报
2019-08-23 16:00
Financial Performance - The company's operating revenue for the first half of 2019 was CNY 119,546,193, a decrease of 5.55% compared to CNY 126,564,398.97 in the same period last year[18]. - The net profit attributable to shareholders was CNY 13,718,331.09, down 15.77% from CNY 16,287,314.14 year-on-year[18]. - The net profit after deducting non-recurring gains and losses was CNY 8,166,802.02, a decline of 16.47% compared to CNY 9,777,217.86 in the previous year[18]. - Basic and diluted earnings per share were both CNY 0.11, down 35.29% from CNY 0.17 in the previous year[18]. - The company reported a total comprehensive income of CNY 13,719,192.21 for the first half of 2019, compared to CNY 16,664,075.52 in the previous year[132]. - The total profit for the first half of 2019 was CNY 15,384,037.57, a decrease of 19.5% from CNY 19,158,837.60 in the previous year[132]. - The company reported a net profit of 9,618,610.60 RMB for the period, with an operating profit of 7,689,385.17 RMB and operating revenue of 86,867,173.54 RMB[67]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to CNY 18,911,870.84, compared to a negative cash flow of CNY -11,081,049.30 in the same period last year, representing a 270.67% improvement[18]. - The company reported a net increase in cash and cash equivalents of RMB -3.75 million, a 97.59% improvement compared to the previous year[41]. - Cash and cash equivalents amounted to ¥83,253,283.56, representing an increase of 18.38% compared to the previous period[50]. - The net cash flow from operating activities for the first half of 2019 was ¥15,878,780.03, a significant improvement compared to a net cash outflow of ¥7,923,129.85 in the same period of 2018[142]. - The total cash flow for the period showed a net increase of ¥15,410,544.56, contrasting with a net decrease of ¥107,447,183.31 in the first half of 2018[142]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 453,060,113.11, a decrease of 7.40% from CNY 489,278,819.83 at the end of the previous year[18]. - The company's current assets totaled CNY 322,453,248.60, down from CNY 355,659,968.64, indicating a decrease of about 9.3%[121]. - Total liabilities decreased to CNY 43,961,322.42 from CNY 44,028,661.35, showing a slight reduction in financial obligations[123]. - Accounts receivable stood at ¥8,725,244.94, a decrease of 1.93% from the previous period[50]. - Inventory increased to ¥115,528,222.82, reflecting a rise of 25.50% compared to the previous period[50]. Research and Development - Research and development investment increased by 2.69% to RMB 10.44 million, with the company obtaining 15 utility model patents during the reporting period[41]. - The company has a dedicated team of over a hundred R&D personnel, focusing on innovative sound quality technology and maintaining a robust research management system[34]. - Research and development expenses for the first half of 2019 amounted to CNY 10,438,361.94, slightly increasing from CNY 10,164,819.32 in the same period last year[130]. - The company has increased its investment in independent research and development, leading to a growing number of patent applications and improved product technology levels[30]. Market Position and Competition - The company maintains a strong market position, with its "HiVi" brand consistently ranking among the top three in brand awareness within the audio industry[29]. - The company faces challenges in a competitive market, with increasing competition leading to a decline in profit margins despite an expanding market size[28]. - The company is under pressure from competition in the smart audio sector, with major tech companies entering the market[69]. - The company continues to leverage its competitive advantages in brand recognition, product diversity, and technological innovation to navigate industry challenges[32]. Investment and Capital Management - The company plans not to distribute cash dividends or issue bonus shares[6]. - The company plans to repurpose the funds from the terminated marketing project to supplement working capital[60]. - The total raised funds amounted to ¥15,406.63 million, with ¥203.86 million invested during the reporting period[57]. - Cumulative investment of raised funds reached ¥8,803.34 million, leaving a balance of ¥6,603.29 million unutilized[57]. Risks and Challenges - The company faces risks including product and technology substitution, market volatility, and talent retention[5]. - The company faces risks from market fluctuations, with consumer demand significantly influenced by macroeconomic conditions[69]. - The company has established a stable production, sales, and R&D team, but faces risks related to talent retention amid increasing market competition[70]. Corporate Governance and Compliance - The financial report for the first half of 2019 was not audited[118]. - The company has not sold any major assets or equity during the reporting period[65][66]. - The company did not engage in any securities issuance or listing activities during the reporting period[102]. - The company has not reported any major environmental issues during the reporting period[92].
惠威科技(002888) - 2019 Q1 - 季度财报
2019-04-29 16:00
广州惠威电声科技股份有限公司 2019 年第一季度报告全文 广州惠威电声科技股份有限公司 2019 年第一季度报告 2019 年 04 月 1 广州惠威电声科技股份有限公司 2019 年第一季度报告全文 第一节 重要提示 公司负责人 HONGBO YAO、主管会计工作负责人姜宁及会计机构负责人 (会计主管人员)姜宁声明:保证季度报告中财务报表的真实、准确、完整。 2 广州惠威电声科技股份有限公司 2019 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 公司是否需追溯调整或重述以前年度会计数据 √ 是 □ 否 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。 广州惠威电声科技股份有限公司 2019 年第一季度报告全文 对公司根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义界定的非经常性损益项目,以及把《公 开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常性损益项目界定为经常性损益的项目, ...
惠威科技(002888) - 2018 Q4 - 年度财报
2019-03-29 16:00
Financial Performance - The company's operating revenue for 2018 was CNY 266,619,585.12, representing a 1.05% increase compared to CNY 263,855,357 in 2017[19]. - The net profit attributable to shareholders decreased by 16.02% to CNY 28,226,111.48 from CNY 33,611,727.90 in the previous year[19]. - The net profit after deducting non-recurring gains and losses fell by 52.44% to CNY 14,643,198.37 from CNY 30,789,465.91 in 2017[19]. - Basic earnings per share decreased by 28.13% to CNY 0.23 from CNY 0.47 in the previous year[19]. - The diluted earnings per share decreased by 28.13% to CNY 0.23 compared to the previous year[21]. - The weighted average return on equity was 6.44%, down by 3.84% from the previous year[21]. - Total assets increased by 0.99% to CNY 489,278,819.83 at the end of 2018[21]. - Net assets attributable to shareholders increased by 2.68% to CNY 445,250,158.48[21]. - The gross profit margin for the electronic audio industry was 36.05%, a decrease of 2.27% compared to the previous year[47]. - The cash dividend for 2018 represents 176.68% of the net profit attributable to ordinary shareholders[93]. Cash Flow and Investments - The cash flow from operating activities increased by 11.59% to CNY 13,058,374.50 compared to CNY 11,702,620.24 in 2017[19]. - Cash flow from operating activities showed a significant improvement in Q4 2018, with a net inflow of CNY 30,348,505.61[25]. - The company experienced a 63.98% decrease in cash and cash equivalents, primarily due to the reclassification of financial products[32]. - The company has entrusted financial management with a total amount of 554 million RMB, including 316 million RMB from self-owned funds and 238 million RMB from raised funds[120]. - The total amount of investment income was ¥4,045,961.65, accounting for 13.16% of total profit[62]. - The company did not engage in any fundraising activities during the reporting period, resulting in a 100% decrease in cash inflow from financing activities[58]. Sales and Market Performance - The sales revenue of home theater audio and professional audio increased by 29.00% and 32.00% respectively, driven by rising disposable income and consumption upgrades[46]. - Multimedia sales revenue decreased by 23.00%, primarily due to the slowdown in industry growth and competition from smart speakers[46]. - The company sold 878,182 units in 2018, a slight increase of 0.49% from 2017[48]. - Domestic sales accounted for 98.06% of total revenue, with a slight increase of 1.33% year-on-year[46]. - Total sales from the top five customers amounted to ¥64,818,724.72, representing 24.31% of the annual total sales[51]. Research and Development - Research and development expenses increased by 42.02% to ¥21,452,865.63, driven by the expansion into the headphone business[54]. - The number of R&D personnel grew by 23.85% to 161, accounting for 18.38% of the total workforce[55]. - The company plans to focus on "sound quality" and leverage technological innovation to enhance competitiveness in the audio industry[41]. - The company will increase its R&D investment to integrate high-quality audio features into mobile internet applications[81]. - The company intends to expand its product line by launching new headphone products and developing Bluetooth speakers and smart audio devices[82]. Competition and Risks - The company faces risks from market fluctuations, particularly due to the impact of macroeconomic conditions on consumer demand in the electronic sound industry[6]. - The company is under pressure from competition in the smart audio sector, with major tech companies entering the market, necessitating timely product upgrades and marketing strategies[7]. - The company is at risk of talent loss due to increasing competition for skilled personnel in the audio equipment sector[8]. Corporate Governance and Management - The company has established a dynamic salary system that adjusts based on regional differences, talent supply, employee turnover, industry changes, and corporate payment capabilities[169]. - The company has a governance structure that complies with relevant regulations, ensuring effective decision-making and operational coordination[173]. - The board of directors includes independent directors with diverse backgrounds, enhancing governance and oversight[155][156][157]. - The company has experienced changes in management, with several resignations due to personal reasons, indicating potential impacts on operational continuity[151]. - The management team is committed to maintaining financial transparency and accountability, as evidenced by the appointment of qualified independent directors[155]. Shareholder Information - HONGBO YAO holds 62.78% of the shares, totaling 78,269,616 shares, with 3,500,000 shares pledged[140]. - The total number of shares after the 2017 capital reserve transfer is 124,676,400 shares, with a cash dividend distribution ratio of 100%[95]. - The company has a total of 14,704 common shareholders as of the end of the reporting period[140]. - The company’s shareholder structure remained unchanged after the capital reserve conversion[138]. - The top ten unrestricted shareholders hold a total of 5,000,000 shares, with Guangzhou Yaoqi Business Consulting Co., Ltd. holding the largest share of 1,168,800 shares[142]. Internal Controls and Compliance - The internal control self-assessment report indicated that 100% of the total assets and operating income were included in the evaluation scope[196]. - The internal control verification report confirmed that the company maintained effective internal controls related to financial statement preparation as of December 31, 2018[199]. - The internal control evaluation results were rectified in a reasonable timeframe, demonstrating the company's commitment to compliance[197]. - The company has not faced any major defects that could significantly impact its reputation or market pricing[197]. Social Responsibility and Environmental Commitment - The company emphasizes its commitment to environmental protection, with a wastewater treatment capacity of 65 tons per day and compliance with relevant environmental regulations[125]. - The company actively pursues social responsibility, focusing on economic benefits while protecting the rights of stakeholders[123].
惠威科技(002888) - 2018 Q3 - 季度财报
2018-10-23 16:00
Financial Performance - Operating revenue for the reporting period was ¥54,079,653.64, a decrease of 9.32% year-on-year[8]. - Net profit attributable to shareholders was ¥4,249,047.46, down 32.55% compared to the same period last year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥309,627.47, a significant decrease of 94.70%[8]. - Basic earnings per share were ¥0.034, down 57.50% year-on-year[8]. - The weighted average return on net assets was 0.89%, a decrease of 58.98% compared to the previous year[8]. - The company expects a net profit attributable to shareholders to range from 2,688.94 to 3,697.29 million, reflecting a decrease of 20.00% to 10.00% compared to the previous year[21]. Cash Flow - The net cash flow from operating activities was -¥6,209,081.81, an increase of 32.06% compared to the previous year[8]. - The net cash flow from operating activities decreased by 89.83% to -17,290,131.11 due to increased inventory for the fourth quarter sales peak[17]. - The net cash flow from investing activities dropped significantly by 746.03% to -147,533,075.34 as the company utilized part of its temporarily idle funds for financial management[17]. Assets and Shareholder Information - Total assets at the end of the reporting period reached ¥484,729,033.57, an increase of 0.05% compared to the end of the previous year[8]. - The total number of shareholders at the end of the reporting period was 15,601[12]. - The largest shareholder, Hongbo Yao, holds 62.78% of the shares, with 6,000,000 shares pledged[12]. - Accounts receivable increased by 49.30% to 10,371,600.71 due to customers stocking up for the year-end sales peak[17]. - Inventory rose by 39.58% to 129,048,472.30 as the company increased stock for the fourth quarter sales peak[17]. Research and Development - Research and development expenses increased by 55.29% to 15,620,934.22 as the company intensified investment in new product and headphone development[17]. - The company plans to continue expanding its market presence and increasing R&D investment, particularly in the headphone sector, which may lead to higher operating costs[21]. Other Income and Gains - The company reported non-recurring gains of ¥10,449,516.27, primarily from government subsidies and investment income[9]. - The company reported a significant increase in other income by 247.75% to 9,859,457.68 mainly from government subsidies[17]. Financial Management - Interest income surged by 210.74% to 1,709,592.16 primarily from the investment of temporarily idle funds[17]. - The company has no overdue commitments or non-operating fund occupation by controlling shareholders during the reporting period[19].