Hunan Yujing Machinery (002943)

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宇晶股份(002943) - 2021 Q2 - 季度财报
2021-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was ¥171,726,173.70, a decrease of 2.24% compared to ¥175,664,840.41 in the same period last year[20]. - The net profit attributable to shareholders of the listed company was ¥1,229,454.38, representing a significant increase of 116.25% from a loss of ¥7,564,843.99 in the previous year[20]. - The net cash flow from operating activities was -¥45,332,094.02, a decline of 966.12% compared to ¥5,233,930.99 in the same period last year[20]. - Basic earnings per share improved to ¥0.0123 from a loss of ¥0.08, marking an increase of 115.38%[20]. - Total assets at the end of the reporting period were ¥1,165,917,627.77, an increase of 6.38% from ¥1,096,016,210.22 at the end of the previous year[20]. - The net profit after deducting non-recurring gains and losses was -¥1,372,170.32, an improvement of 88.77% from -¥12,216,435.60 in the previous year[20]. - The total revenue for the period was ¥171,726,173.70, a decrease of 2.24% compared to ¥175,664,840.41 in the same period last year[44]. - The net profit for the first half of 2021 was CNY 3,429,375.34, a significant recovery from a net loss of CNY 6,338,835.94 in the first half of 2020[136]. - The total comprehensive income for the first half of 2021 was CNY 3,429,375.34, compared to a loss of CNY 6,338,835.94 in the same period of 2020[137]. Assets and Liabilities - The total assets of Hunan Yujing Machinery Co., Ltd. are reported at 58,329,895.49 yuan, a decrease of 28.01% compared to the same period last year[66]. - The company's total liabilities increased to CNY 375,451,126.65 from CNY 309,979,084.44, a rise of about 21.1%[128]. - The total equity attributable to shareholders reached CNY 769,531,333.27, up from CNY 768,301,878.89, indicating a slight increase of 0.2%[129]. - Cash and cash equivalents amounted to CNY 75,085,570.67, compared to CNY 71,263,745.95, showing an increase of approximately 5.0%[131]. - Inventory levels increased to CNY 154,251,834.98 from CNY 122,577,929.58, representing a growth of about 25.8%[131]. - The company reported a decrease in accounts payable from CNY 146,613,000.82 to CNY 127,061,238.00, a decline of about 13.5%[127]. Market and Industry Insights - The company is engaged in high-end CNC equipment manufacturing, focusing on cutting, grinding, and polishing of hard and brittle materials, serving the consumer electronics and photovoltaic sectors[28]. - The CNC machine tool manufacturing industry is experiencing a shift towards high-end products, with a projected domestic market share of over 80% for high-end CNC machine tools by 2025[30]. - The consumer electronics market, particularly in mid-to-high-end smartphones, is expected to grow significantly, driven by the demand for advanced materials and technologies[30]. - The photovoltaic industry is anticipated to see an annual new installed capacity of 70-90 GW during the 14th Five-Year Plan period, indicating strong market growth potential[32]. - The company has established a leading position in the domestic market for grinding and polishing machines, with significant customer relationships including Lens Technology and BYD[32]. Research and Development - The company has established a comprehensive R&D system, focusing on new product development, product upgrades, and optimization, with a total of 193 patents held, including 47 invention patents[38]. - R&D investment for the period was ¥9,628,189.17, a decrease of 8.44% compared to the previous year[42]. - The company has successfully launched new products in the photovoltaic industry, including a multi-wire cutting machine for 210mm silicon wafers[38]. Cash Flow and Financing - The company reported a significant increase in financing activities, with net cash flow from financing activities rising by 681.33% to ¥60,441,225.61[42]. - The operating cash flow net amount was -¥45,332,094.02, primarily due to increased prepayments for materials[42]. - The total cash inflow from investment activities was 120,654,326.67 CNY, down from 292,164,191.30 CNY, reflecting reduced investment recovery[145]. - The net cash flow from financing activities was 60,441,225.61 CNY, compared to -10,396,991.93 CNY in the previous period, showing an improvement in financing operations[145]. Risks and Challenges - The company has significant risks related to industry policy changes affecting the photovoltaic sector, which could adversely impact production and operations[65]. - The company is facing raw material price volatility, which may affect profitability despite strong bargaining power with suppliers[66]. - The company has a high customer concentration risk, which could negatively impact performance if major clients face adverse changes[66]. - The accounts receivable balance is substantial, posing a risk to cash flow, prompting the company to enhance management and collection efforts[66]. Corporate Governance - All directors attended the board meeting to review this report, ensuring comprehensive oversight[4]. - The company plans not to distribute cash dividends or issue bonus shares[5]. - The annual shareholders' meeting had a participation rate of 54.41% on May 20, 2021[68]. - There were no significant lawsuits or arbitration matters during the reporting period[85]. - The company did not engage in any related party transactions during the reporting period[86]. Accounting and Compliance - The financial report was approved by the board of directors on August 26, 2021, reflecting the company's financial status and operational results for the first half of 2021[165]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements accurately reflect its financial condition[169]. - The half-year financial report was not audited[82]. - The company has maintained its ability to continue as a going concern for the next 12 months from the reporting date[167].
宇晶股份(002943) - 2020 Q4 - 年度财报
2021-04-28 16:00
Financial Performance - The company reported a revenue of 1.2 billion RMB for the year 2020, representing a year-over-year increase of 15% compared to 2019[14]. - The net profit attributable to shareholders was 150 million RMB, which is a 10% increase from the previous year[14]. - The company's operating revenue for 2020 was ¥365,289,954.56, representing a 21.11% increase compared to ¥301,618,293.99 in 2019[19]. - The company achieved a sales revenue of CNY 365,289,954.56 in 2020, representing a year-on-year increase of 21.11%[39]. - The company reported a net loss attributable to shareholders of CNY -5,975,037.95, a decline of 143.60% year-on-year[39]. - The company aims to achieve a revenue target of 1.5 billion RMB for the year 2021, reflecting a growth of 25%[14]. - The company’s total operating costs increased by 27.71% to ¥270,651,140.05, compared to ¥211,933,686.62 in 2019[48]. - The company reported a basic and diluted earnings per share of -¥0.06 in 2020, down 142.86% from ¥0.14 in 2019[19]. - The company reported a significant increase in credit impairment losses, totaling -¥13,242,669.56, which represented 249.74% of total profit[59]. - The company reported a significant increase in fixed assets, which rose to ¥271,900,478.38, accounting for 24.81% of total assets, due to the completion of several fundraising projects[61]. Research and Development - The company plans to invest 200 million RMB in R&D for new product development in the upcoming year[14]. - The company has accumulated 179 patents, including 44 invention patents, 122 utility model patents, and 13 design patents, enhancing its R&D capabilities[34]. - The company plans to enhance product performance by applying new technologies and designs, and has adjusted its R&D team structure to improve responsiveness[39]. - R&D investment decreased by 6.20% to ¥21,992,459.61 in 2020, accounting for 6.02% of operating revenue, down from 7.77% in 2019[54]. - The company aims to enhance its research and development efforts to maintain competitive advantages in technology[88]. Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2022[14]. - The company is exploring acquisition opportunities to enhance its technological capabilities and market presence[14]. - The company aims to enhance its market position in high-end CNC machine tools, targeting a domestic market share exceeding 80% by 2025 as outlined in the "Made in China 2025" initiative[30]. - The company completed a controlling merger with Hunan Yiyuan New Materials Technology Co., Ltd., acquiring 51% of its shares, contributing to the growth in the non-metallic mineral products segment[46]. - Future strategies include expanding into synergistic industries through mergers and acquisitions or new establishments to diversify product offerings and extend the industrial chain[86]. Operational Efficiency and Cost Management - The company aims to strengthen internal management and improve raw material utilization to reduce production costs[89]. - The company will focus on cost reduction and efficiency improvement while enhancing marketing efforts to increase revenue and operational efficiency[86]. - The company adopted a mixed procurement model combining order-driven and stock preparation strategies to optimize raw material procurement[30]. - The company has made adjustments to the implementation locations of several fundraising projects to enhance operational efficiency[74]. Cash Flow and Investments - The net cash flow from operating activities was -¥27,828,292.68, worsening by 20.57% compared to -¥23,081,424.64 in 2019[19]. - Cash and cash equivalents decreased by 56.70% due to the utilization of raised funds[33]. - The company raised a total of RMB 398.28 million through its initial public offering, with RMB 320.14 million utilized by the end of the reporting period[70]. - The company has invested RMB 62.92 million in the R&D center expansion project, achieving 56.43% of the planned investment by the end of the reporting period[72]. - The company approved a total guarantee limit of 100 million for subsidiaries during the reporting period, with no actual guarantees executed[124]. Shareholder Relations and Governance - The company did not distribute cash dividends or issue bonus shares for the 2020 fiscal year[92]. - The company has committed to a 36-month lock-up period for shares held by major shareholders, which started on November 9, 2018, and is being fulfilled normally[98]. - The company has made commitments regarding the avoidance of competition in the same industry, which are being fulfilled normally[101]. - The company has established independent financial management systems, ensuring no shared bank accounts with the controlling shareholder[179]. - The company respects the rights of stakeholders, balancing interests among shareholders, employees, and society[177]. Management Changes - Yang Yuhong was dismissed as General Manager on April 24, 2020, but continues to serve as Chairman of the Board[157]. - Yang Jiawei was appointed as General Manager on April 24, 2020, due to work arrangements[157]. - The company has undergone significant management changes in 2020, impacting leadership structure and responsibilities[158][159]. - The current management team includes professionals with diverse backgrounds in engineering, finance, and management[158][159]. - The management changes are expected to drive future growth and innovation within the company[161]. Compliance and Internal Controls - The company maintained effective internal controls related to financial statements as of December 31, 2020, with no significant deficiencies identified[192]. - The internal control self-assessment report indicated that 100% of the total assets and operating income were included in the evaluation scope[189]. - The audit committee provided guidance on internal audit work and reviewed the annual audit report, ensuring compliance with financial reporting standards[185]. - The company has not reported any changes to the fundraising project during the reporting period[79]. Employee and Workforce Management - The company employed a total of 587 staff, with 224 in production, 42 in sales, and 165 in technical roles[169][170]. - The company has no retired employees requiring pension expenses, indicating a lean workforce structure[169]. - The company plans to enhance training programs to improve employee skills and management capabilities[172]. - The educational background of employees includes 5 with master's degrees, 82 with bachelor's degrees, and 361 with high school or lower education[170].
宇晶股份(002943) - 2021 Q1 - 季度财报
2021-04-28 16:00
Revenue and Profitability - Revenue for Q1 2021 was ¥78,364,463.72, a decrease of 11.18% compared to ¥88,231,228.71 in the same period last year[8] - Net profit attributable to shareholders was ¥1,980,641.53, representing a significant increase of 154.08% from a loss of ¥3,662,393.83 in the previous year[8] - Basic earnings per share increased to ¥0.0198 from a loss of ¥0.0366, marking a 154.10% improvement[8] - Net profit for Q1 2021 was CNY 3,211,629.13, a significant recovery from a net loss of CNY 3,147,282.84 in the same period last year[40] - The company reported a profit before tax of CNY 3,909,303.53, recovering from a loss of CNY 3,144,725.01 in the previous year[40] Cash Flow - Net cash flow from operating activities was -¥23,033,925.82, a decline of 211.08% compared to ¥20,736,718.34 in the same period last year[8] - Operating cash flow turned negative at -¥23,033,925.82, a decline of 211.08% compared to the previous year due to decreased cash receipts from sales[16] - Cash inflow from operating activities was CNY 85,344,325.64, down from CNY 128,530,818.50 in the previous period, indicating a decline of approximately 33.5%[47] - Net cash outflow from operating activities was CNY -23,033,925.82, contrasting with a net inflow of CNY 20,736,718.34 in the previous period[48] - Cash inflow from financing activities was CNY 24,000,000.00, significantly higher than CNY 435,963.50 in the previous period[49] - Net cash flow from financing activities was CNY 23,355,304.02, compared to CNY 205,638.18 in the previous period, indicating a substantial increase[49] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,093,059,713.68, a slight decrease of 0.27% from ¥1,096,016,210.22 at the end of the previous year[8] - Total liabilities decreased to CNY 303,810,958.77 from CNY 309,979,084.44, indicating a reduction of about 2.2%[32] - The company's total assets as of March 31, 2021, were CNY 1,093,059,713.68, down from CNY 1,096,016,210.22[33] - The total liabilities decreased to CNY 205,613,480.36 from CNY 234,137,645.62[36] - The company's total equity increased to CNY 789,248,754.91 from CNY 786,037,125.78, reflecting a growth of approximately 0.3%[33] Shareholder Information - The total number of common shareholders at the end of the reporting period was 13,190[12] - The largest shareholder, Yang Yuhong, holds 35.96% of the shares, with a total of 35,963,900 shares pledged[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] Operational Metrics - Accounts receivable financing decreased by 38.89% to ¥5,692,456.19 due to a reduction in low credit risk receivables[16] - Prepayments increased by 118.06% to ¥19,765,068.17 primarily due to higher material prepayments[16] - Short-term borrowings surged by 781.33% to ¥26,440,000.00 as a result of increased bank loans[16] - Total operating costs decreased to CNY 77,379,068.37 from CNY 96,548,694.66, with operating costs specifically dropping from CNY 80,490,061.92 to CNY 56,736,450.69[39] - Research and development expenses for Q1 2021 were CNY 4,100,612.13, slightly up from CNY 4,017,623.97 in the previous period[39] Other Income and Gains - The company reported non-recurring gains and losses totaling ¥1,779,028.94 for the reporting period[9] - Other income rose by 228.17% to ¥5,334,589.42, mainly from increased government subsidies[16] - Investment income plummeted by 93.21% to ¥70,315.07 due to reduced financial product returns[16] - Total comprehensive income for the first quarter was CNY 1,760,751.71, a decrease of CNY 805,375.59 compared to the previous period[48] New Developments - The company established a new subsidiary, Hunan Yuxing Carbon Co., Ltd., with a registered capital of ¥20 million, of which the company contributed ¥10.2 million[18] - The company utilized ¥33,514.79 million of raised funds, with ¥1,500.40 million used in the current quarter for investment projects[22] Cash and Equivalents - The ending cash and cash equivalents balance was CNY 107,842,643.34, slightly up from CNY 103,398,983.50 in the previous period[49] - Cash inflow from investment activities totaled CNY 32,070,315.07, compared to CNY 26,034,933.93 in the previous period, reflecting an increase of approximately 23.5%[48] - Net cash outflow from investment activities was CNY -11,355,655.05, an improvement from CNY -184,352,844.60 in the previous period[48]
宇晶股份(002943) - 2020 Q3 - 季度财报
2020-10-28 16:00
Financial Performance - Operating revenue for the reporting period was CNY 80,081,580.72, down 6.40% year-on-year, while year-to-date revenue increased by 12.62% to CNY 255,746,421.13[7] - Net profit attributable to shareholders for the reporting period was CNY 6,000,280.13, an increase of 45.31% year-on-year, but a significant decline of 106.07% year-to-date[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,501,293.23, up 222.36% year-on-year[7] - Basic earnings per share for the reporting period were CNY 0.06, a 50.00% increase compared to the same period last year[7] - Total operating revenue for Q3 2020 was CNY 80,081,580.72, a decrease from CNY 85,560,415.10 in the previous period[40] - Net profit for Q3 2020 was CNY 6,186,261.01, compared to CNY 5,363,684.33 in the same period last year, representing an increase of approximately 15.3%[42] - Total operating revenue for the current period reached ¥255,746,421.13, an increase of 12.6% compared to ¥227,092,255.41 in the previous period[48] - The net profit for the current period was -¥152,574.93, a significant decrease from ¥26,202,913.73 in the previous period, indicating a decline of over 99%[50] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,064,758,327.07, a decrease of 0.31% compared to the end of the previous year[7] - Current assets decreased to CNY 642,086,270.66 from CNY 725,378,297.45, representing a decline of approximately 11.5%[32] - Total liabilities stood at CNY 286,065,698.26, slightly up from CNY 283,771,836.73, marking an increase of about 0.9%[34] - The company's equity attributable to shareholders decreased to CNY 772,853,862.41 from CNY 779,276,916.84, a decline of approximately 0.6%[35] - Total liabilities rose to CNY 233,106,947.34 from CNY 221,224,007.94, indicating a growth of about 5.4%[41] - Owner's equity totaled CNY 794,125,923.09, slightly down from CNY 794,841,895.80[41] - Total liabilities reached CNY 283,771,836.73, with current liabilities at CNY 225,896,881.01 and non-current liabilities at CNY 57,874,955.72[67] Cash Flow - The net cash flow from operating activities was CNY -43,423,247.26, a decrease of 302.28% year-on-year[7] - The net cash flow from operating activities improved by 30.47% to -¥38.19 million, attributed to increased sales collections compared to the previous year[16] - Operating cash inflow for the third quarter was CNY 243,696,143.59, an increase of 18.7% compared to CNY 205,173,087.73 in the same period last year[58] - Net cash flow from operating activities was negative CNY 38,189,316.27, an improvement from negative CNY 54,921,332.24 year-over-year[58] - Cash flow from financing activities resulted in a net outflow of CNY 15,754,415.12, worsening from negative CNY 11,741,547.02 year-over-year[59] Investments and Projects - The total investment in the R&D center expansion project reached ¥3.40 million, with an investment progress of 54.00% as of September 30, 2020[22] - The multi-wire cutting machine and grinding polishing machine expansion project has a total investment of ¥13.76 million, with an investment progress of 67.56%[23] - The smart equipment production project has a total investment of ¥19.77 million, with an investment progress of 89.23%[23] - The company has ongoing construction projects valued at CNY 119,799,889.95, indicating investment in growth[65] Shareholder Information - The total number of shareholders at the end of the reporting period was 10,105[11] - The largest shareholder, Yang Yuhong, holds 35.96% of the shares, with 35,963,900 shares pledged[11] Government Support - The company received government subsidies amounting to CNY 6,124,446.98 during the reporting period[8] - Non-recurring gains and losses totaled CNY 7,150,578.51, primarily from government project subsidies and asset disposals[8] - The company reported a significant decrease of 57.13% in other income, primarily due to a reduction in government subsidies related to operations[16] Research and Development - The company reported a significant increase in research and development expenses, totaling CNY 5,486,024.89, compared to CNY 6,556,332.00 in the previous period[41] - Research and development expenses were ¥16,002,128.60, slightly down from ¥17,700,456.19, a decrease of approximately 9.6%[48] Miscellaneous - The company has not engaged in any securities or derivative investments during the reporting period[18][19] - The company has not engaged in any investor relations activities during the reporting period[28] - The company has not undergone an audit for the Q3 report[73] - The company adopted new revenue and leasing standards starting January 1, 2020, with retrospective adjustments[73]
宇晶股份:关于参加湖南辖区上市公司2020年度投资者网上集体接待日活动的公告
2020-09-09 07:46
证券代码:002943 证券简称:宇晶股份 公告编号:2020-066 湖南宇晶机器股份有限公司 关于参加湖南辖区上市公司2020年度 投资者网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚 假记载、误导性陈述或重大遗漏。 为进一步强化与投资者的互动交流,使广大投资者能更深入全面地了 解湖南宇晶机器股份有限公司(以下简称"公司")经营情况,公司将参 加由中国证券监督管理委员会湖南监管局、湖南省上市公司协会与深圳市 全景网络有限公司联合举办的"湖南辖区上市公司 2020 年度投资者网上集 体接待日"活动,现将有关事项公告如下: 本次投资者集体网上接待日活动将通过深圳市全景网络有限公司提供 的 互 联 网 平 台 举 行 , 投 资 者 可 以 登 陆 " 全 景 · 路 演 天 下 " 网 站 (http://rs.p5w.net)参与本次投资者集体接待日活动,活动时间为 2020 年 9 月 11 日(星期五)下午 15:00-17:00。 公司董事会秘书邱辉女士等相关人员将与投资者通过网络在线交流形 式就公司治理、经营发展状况等投资者关心的问题进行沟通与交流。 欢迎 ...
宇晶股份(002943) - 2020 Q2 - 季度财报
2020-08-25 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥175,664,840.41, representing a 24.12% increase compared to ¥141,531,840.31 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was -¥7,564,843.99, a decrease of 134.97% from ¥21,630,242.60 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥12,216,435.60, a decline of 216.99% compared to ¥10,442,524.24 in the same period last year[18]. - The net cash flow from operating activities was ¥5,233,930.99, a significant improvement from -¥76,388,024.68 in the previous year, marking a 106.85% increase[18]. - The basic earnings per share were -¥0.08, a decrease of 136.36% from ¥0.22 in the same period last year[18]. - The diluted earnings per share were also -¥0.08, reflecting the same percentage decrease as the basic earnings per share[18]. - The weighted average return on net assets was -0.98%, down by 3.74% from 2.76% in the previous year[18]. - The company's gross profit margin decreased to 19.88%, down from 34.26% in the previous year, primarily due to increased competition in the consumer electronics sector[55]. Revenue Sources - The grinding and polishing machine sales generated revenue of 141.43 million yuan, while vacuum coating machine sales contributed 17.16 million yuan[26]. - The revenue from grinding and polishing machines accounted for 80.51% of total revenue, amounting to CNY 141,432,107.01, which is a 52.48% increase from CNY 92,755,267.27 in the previous year[53]. - The sales revenue from grinding and polishing machines reached CNY 141.43 million, a growth of 52.48% year-on-year, while wire cutting machines saw a decline of 84.90% with sales of CNY 0.59 million[45]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,076,669,672.77, reflecting a 0.81% increase from ¥1,068,036,005.55 at the end of the previous year[18]. - The total liabilities increased to CNY 303,602,830.46 from CNY 283,771,836.73, with current liabilities rising to CNY 246,603,502.12[136]. - The company's equity decreased to CNY 773,066,842.31 from CNY 784,264,168.82, primarily due to a decline in retained earnings[137]. - The total owner's equity attributable to the parent company decreased to CNY 766,853,582.28 from CNY 779,276,916.84, reflecting changes in retained earnings and capital reserves[137]. Research and Development - The company invested CNY 10.52 million in R&D, a slight decrease of 5.64% from the previous year, while the total number of patents held reached 160, including 37 invention patents[46]. - The company has accumulated 160 patents, including 37 invention patents, 110 utility model patents, and 13 design patents[37]. - The company has established two research platforms in collaboration with universities, focusing on the development of CNC technology and applications[37]. - The company’s research and development focus includes high-precision, high-efficiency manufacturing solutions to meet the evolving demands of various industries[31]. Market Opportunities - The application of 5G communication and wireless charging technology is driving growth in the smartphone cover glass market, increasing demand for the company's products[31]. - China's industrialization process presents significant growth opportunities for high-end CNC equipment consumption, as most industries are still in earlier stages of development[31]. - National policies such as "Made in China 2025" support the development of high-end precision CNC equipment, aiming for a domestic market share of over 70% by 2020[32]. Cash Flow and Investments - Cash and cash equivalents decreased by 39.54% compared to the beginning of the period, primarily due to increased investment in fundraising projects and the purchase of principal-protected financial products[33]. - The company has raised CNY 398.28 million through its initial public offering, with CNY 72.76 million already allocated to ongoing projects such as the smart equipment production project[48]. - The company reported a total cash inflow from operating activities of ¥207,053,936.16, compared to ¥123,115,677.36 in the previous year, indicating a year-over-year increase of approximately 68.2%[152]. Corporate Governance - The company has not distributed cash dividends or bonus shares for the half-year period[84]. - The company appointed a new general manager, Yang Jiawei, on April 24, 2020, following the resignation of Yang Yuhong from that position[127]. - The company has not engaged in any major related party transactions during the reporting period[92]. Risk Management - The company faces risks including macroeconomic fluctuations, raw material price volatility, and market competition, which could impact profitability[79][80]. - To mitigate risks, the company plans to strengthen cost control, optimize product design, and enhance customer relationships[81]. Compliance and Reporting - The financial report was approved on August 25, 2020, by the company's board of directors[172]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[178]. - The company’s financial reporting adheres to the requirements set by the China Securities Regulatory Commission[182].
宇晶股份(002943) - 2019 Q4 - 年度财报
2020-04-26 16:00
Financial Performance - The company's operating revenue for 2019 was CNY 301,618,293.99, a decrease of 25.55% compared to CNY 405,134,074.49 in 2018[19] - The net profit attributable to shareholders for 2019 was CNY 13,703,327.81, down 86.16% from CNY 98,982,569.31 in the previous year[19] - The net profit after deducting non-recurring gains and losses was CNY 1,090,197.08, a decline of 98.49% from CNY 72,326,309.31 in 2018[19] - The net cash flow from operating activities was negative CNY 23,081,424.64, a decrease of 132.39% compared to CNY 71,254,016.00 in 2018[19] - Basic earnings per share for 2019 were CNY 0.14, down 89.06% from CNY 1.28 in the previous year[19] - The company achieved total operating revenue of CNY 301,618,293.99 and a net profit attributable to shareholders of CNY 13,703,327.81 for the reporting period, with basic earnings per share of CNY 0.14[28] - The company reported a decline in performance and average product prices year-on-year due to the impact of the US-China trade war and intense market competition[48] - The company reported a total revenue of 28.11 million yuan for the reporting period[182] Assets and Liabilities - Total assets at the end of 2019 were CNY 1,068,036,005.55, an increase of 4.03% from CNY 1,026,661,820.16 at the end of 2018[19] - The net assets attributable to shareholders at the end of 2019 were CNY 779,276,916.84, a slight increase of 0.48% from CNY 775,573,589.03 in 2018[19] - The company's total assets as of December 31, 2019, were CNY 1,068,036,005.55, with a debt-to-asset ratio of 26.57%[50] - Cash and cash equivalents decreased by 34.66% as funds were allocated to investment projects[38] - Accounts receivable increased by 243.19% due to customer payments via promissory notes[38] - Inventory grew by 33.13% driven by increased production and year-end orders from the subsidiary Yucheng Precision[38] Research and Development - The company has established a research center focusing on hard and brittle materials, resulting in the development of nine categories of products[51] - The company has developed specialized multi-wire cutting equipment for hard and brittle materials, achieving cutting efficiency and precision that meet or exceed international standards, while significantly reducing costs compared to imported equipment[44] - The company's R&D center consists of 178 personnel, focusing on new technology and product development, with a strong emphasis on collaboration with Hunan University for advanced research[43] - Significant R&D investments were made in 2019 for new technologies related to 3D waterfall screen protective glass and high-hardness materials cutting, leading to increased expenses compared to the previous year[48] Sales and Revenue Breakdown - The sales revenue from the CNC grinding and polishing machines reached CNY 191,634,617.84, primarily used in the processing of non-metal hard and brittle materials[28] - The sales revenue from polishing machines was CNY 191,634,617.84, down 47.47% year-on-year, while the sales revenue from wire cutting machines increased by 49.41% to CNY 47,098,257.96[49] - The subsidiary Hunan Yucheng Precision Technology Co., Ltd. generated sales revenue of CNY 59,096,388.55, a year-on-year increase of 1,604.34%, and achieved a net profit of CNY 5,302,556.42, reversing a loss from the previous year[29] Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 0.5 per 10 shares, totaling CNY 5,000,000 based on 100,000,000 shares[5] - The profit distribution plan for 2019 proposes a cash dividend of ¥0.5 per 10 shares, totaling ¥5,000,000.00, with the remaining undistributed profits carried forward[101] - The cash dividend for 2018 was 1.00 yuan per 10 shares, amounting to 10,000,000 yuan, which represented 10.10% of the net profit attributable to shareholders[106] - The cash dividend distribution accounted for 100% of the total profit distribution in 2019[107] Market Position and Strategy - The company aims for a domestic market share of over 70% for high-end CNC machine tools by 2020, increasing to over 80% by 2025[34] - The company is positioned as a leader in the domestic multi-wire cutting and grinding polishing machine production and R&D sector[35] - The company aims to enhance profitability by exploring new customers and deepening cooperation with existing clients[51] - The company recognizes the risk of high market competition, particularly from Swiss, American, and Japanese manufacturers, and plans to enhance product structure and application fields to mitigate this risk[95] Corporate Governance and Compliance - The company has established a robust internal control system to protect the rights of all shareholders, particularly minority shareholders[140] - The company has implemented changes in accounting policies effective from January 1, 2019, in accordance with the Ministry of Finance's new standards[117] - The company has not reported any major litigation or arbitration matters during the reporting period[123] - The company has established an independent financial department with compliant personnel and a separate financial accounting system, ensuring independent financial decision-making[194] Employee and Management Structure - The total number of employees in the company is 514, with 338 in the parent company and 176 in major subsidiaries[184] - The professional composition includes 185 production personnel, 21 sales personnel, 178 technical personnel, 10 financial personnel, and 120 administrative personnel[184] - The company has a diverse management team with backgrounds in engineering, economics, and finance, contributing to its strategic direction[171][172][173][174] Social Responsibility and Community Engagement - The company has actively engaged in social responsibility, including supporting education and assisting impoverished households, contributing a total of 105,000 RMB to social welfare initiatives[143] - The company emphasizes employee rights protection and has implemented various welfare programs to enhance employee well-being and safety[142]
宇晶股份(002943) - 2020 Q1 - 季度财报
2020-04-26 16:00
Financial Performance - The company's operating revenue for Q1 2020 was ¥88,231,228.71, a decrease of 19.08% compared to ¥109,037,364.83 in the same period last year[9] - The net profit attributable to shareholders was a loss of ¥3,662,393.83, representing a decline of 113.76% from a profit of ¥26,616,908.64 in the previous year[9] - The company's basic earnings per share were -¥0.0366, down 113.75% from ¥0.2662 in the same period last year[9] - The total comprehensive income for Q1 2020 was -¥3,147,282.84, compared to ¥26,708,151.14 in the previous year[43] - The company reported a net loss of CNY 8,317,465.95 for the quarter, compared to a profit in the previous period[41] - The company's operating profit for Q1 2020 was -¥4,337,530.11, compared to ¥32,413,999.35 in the previous year[42] - The total profit for Q1 2020 was -¥3,144,725.01, down from ¥32,155,149.68 in the same period last year[42] Cash Flow - The net cash flow from operating activities improved to ¥20,736,718.34, a significant increase of 135.83% compared to a negative cash flow of ¥57,872,908.79 in the same period last year[9] - Cash received from sales and services rose by 131.75% to ¥118,305,386.67, attributed to improved accounts receivable collection[19] - The cash inflow from operating activities was ¥128,530,818.50, significantly higher than ¥67,072,099.92 in the previous period[49] - The net cash flow from operating activities was 20,736,718.34 CNY, a significant improvement compared to -57,872,908.79 CNY in the previous period[50] - The company’s cash flow from financing activities showed a significant increase of 1227.82% in interest payments to ¥230,325.32[19] - The total cash outflow from operating activities was 107,794,100.16 CNY, compared to 124,945,008.71 CNY in the previous period[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,062,374,547.61, a slight decrease of 0.53% from ¥1,068,036,005.55 at the end of the previous year[9] - Total liabilities decreased to CNY 212,344,434.36 from CNY 221,224,007.94[38] - Owner's equity totaled CNY 794,036,520.21, slightly down from CNY 794,841,895.80[38] - The company’s total liabilities were 283,771,836.73 CNY as of the end of the reporting period[57] - The company’s total assets were 1,068,036,005.55 CNY, remaining stable compared to the previous period[57] Income and Expenses - Total operating costs increased to CNY 96,548,694.66 from CNY 87,952,354.25, with operating costs specifically rising from CNY 69,898,485.39 to CNY 80,490,061.92[41] - Financial expenses increased by 100.64% to ¥415,245.83 due to higher costs related to bill discounting and loan interest payments[18] - Other income decreased by 75.12% to ¥1,625,554.64 primarily due to a reduction in government subsidies compared to the same period in 2019[18] - The company incurred research and development expenses of ¥2,046,855.75 in Q1 2020, compared to ¥3,951,108.17 in the previous year[45] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,327, with the largest shareholder holding 35.96% of the shares[12] - The company has no overdue commitments or guarantees during the reporting period[20] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[39]
宇晶股份(002943) - 2019 Q3 - 季度财报
2019-10-28 16:00
Financial Performance - Operating revenue for the reporting period was approximately ¥85.56 million, down 5.48% year-on-year, and year-to-date revenue decreased by 37.42% to approximately ¥227.09 million[8]. - Net profit attributable to shareholders was approximately ¥4.13 million, a significant decline of 75.17% year-on-year, with year-to-date net profit down 68.87% to approximately ¥25.76 million[8]. - Basic earnings per share for the reporting period were ¥0.04, down 81.82% year-on-year, and year-to-date earnings per share decreased by 76.36% to ¥0.26[8]. - Total operating revenue for Q3 2019 was CNY 85,560,415.10, a decrease of 5.3% compared to CNY 90,517,458.01 in the same period last year[39]. - Net profit for Q3 2019 was CNY 5,363,684.33, down 67.1% from CNY 16,328,616.58 in Q3 2018[40]. - The total comprehensive income for the period was CNY 35,174,218.70, compared to CNY 84,835,103.16 in the previous period, indicating a decrease of approximately 58.6%[53]. Cash Flow - The net cash flow from operating activities was approximately ¥21.47 million, a drastic decrease of 260.86%, with year-to-date cash flow showing a negative change of 953.42%[8]. - The net cash flow from operating activities was negative at CNY -54,921,332.24, contrasting with a positive CNY 6,435,422.65 in the previous period[56]. - Cash inflows from operating activities totaled CNY 205,173,087.73, down from CNY 290,456,875.12, representing a decline of about 29.3%[56]. - The total cash and cash equivalents decreased by CNY 361,183,273.64 during the period, compared to a decrease of CNY 36,464,534.96 in the prior period[57]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥995.70 million, a decrease of 3.02% compared to the previous year[8]. - Total current assets decreased to CNY 699.41 million from CNY 802.44 million, a decline of approximately 12.8% year-over-year[30]. - Total liabilities decreased to CNY 200.08 million from CNY 247.59 million, a decline of about 19.2%[31]. - The total liabilities decreased to CNY 166,770,691.02 from CNY 240,588,191.20 year-on-year, reflecting a reduction of 30.7%[37]. - The company reported a total asset of 21,000 million RMB as of September 30, 2019[24]. Investments and Income - Non-recurring gains and losses totaled approximately ¥18.18 million, primarily from government subsidies and investment income[9]. - Investment income increased by 4049.18% to ¥5,755,665.03, attributed to higher returns from financial products[16]. - The company reported a significant increase in intangible assets, rising to CNY 103.69 million from CNY 41.62 million, an increase of approximately 149.5%[30]. - Other income increased significantly to ¥14,286,894.25 from ¥2,521,892.24 in the previous period[46]. Shareholder Information - The total number of shareholders at the end of the reporting period was 16,259, with the top shareholder holding 35.57% of the shares[12]. - The company has no overdue commitments from shareholders or related parties during the reporting period[17]. Strategic Initiatives - The company reported no significant changes in its strategy regarding mergers or acquisitions during the reporting period[15]. - There were no new product launches or technological advancements reported in this quarter[15]. - The company is focused on maintaining liquidity and managing financial risks effectively[24]. - The company is exploring new investment opportunities to enhance its asset management capabilities[24].
宇晶股份:关于参加2019年湖南辖区上市公司投资者网上接待日活动的公告
2019-09-04 11:35
证券代码:002943 证券简称:宇晶股份 公告编号:2019-063 湖南宇晶机器股份有限公司 关于参加2019年湖南辖区上市公司投资者网上接待日活动的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,没有虚 假记载、误导性陈述或重大遗漏。 为进一步强化与投资者的互动交流,使广大投资者能更深入全面地了 解湖南宇晶机器股份有限公司(以下简称"公司")经营情况,公司将参 加由中国证券监督管理委员会湖南监管局、湖南省上市公司协会与深圳市 全景网络有限公司联合举办的"2019 年湖南辖区上市公司投资者网上集体 接待日"活动,现将有关事项公告如下:本次投资者网上接待日活动将通 过深圳市全景网络有限公司提供的互联网平台举行,投资者可以登陆"全 景·路演天下"网站(http://rs.p5w.net)或关注微信公众号:全景财经 (微信号:p5w2012)参与本次投资者集体接待日活动,活动时间为 2019 年 9 月 10 日(星期二)下午 15:00-17:00。 公司董事会秘书邱辉女士等相关人员将与投资者通过网络在线交流形 式就公司治理、经营发展状况等投资者关心的问题进行沟通与交流。 欢迎广大投资者积极参 ...