Jiangsu Rijiu Optoelectronics Jointstock (003015)

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日久光电(003015) - 2021 Q1 - 季度财报
2021-04-22 16:00
Financial Performance - The company's revenue for Q1 2021 was ¥97,666,038.30, representing a 0.52% increase compared to ¥97,164,258.18 in the same period last year[7] - Net profit attributable to shareholders increased by 64.51% to ¥20,114,242.25 from ¥12,226,843.17 year-on-year[7] - The net profit after deducting non-recurring gains and losses rose by 67.46% to ¥19,590,208.69 compared to ¥11,698,380.75 in the previous year[7] - Basic and diluted earnings per share increased by 16.67% to ¥0.07 from ¥0.06 year-on-year[7] - The company's operating profit for Q1 2021 was CNY 23,503,147.68, an increase from CNY 14,822,255.61 in the previous period, representing a growth of approximately 58.5%[38] - The net profit for Q1 2021 reached CNY 20,114,242.25, compared to CNY 12,226,843.17 in the same period last year, marking an increase of about 64.5%[39] - The total comprehensive income for Q1 2021 was CNY 21,478,142.87, compared to CNY 18,059,074.43 in the same period last year, representing an increase of approximately 19.5%[43] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly, with a net outflow of ¥3,445,623.01, a 76.56% reduction from ¥14,697,280.59 in the same period last year[7] - Cash generated from operating activities improved by 76.56% to -¥3,445,623.01, mainly due to a reduction in cash payments for materials[14] - Cash used in investing activities increased by 51.14% to -¥19,644,163.21, reflecting higher investment in the ITO conductive film construction project[14] - Cash and cash equivalents decreased by 137.45% to -¥38,869,561.79, primarily due to reduced borrowings and increased investment in the ITO project[14] - The ending balance of cash and cash equivalents was 187,384,625.13 CNY, down from 226,254,186.92 CNY at the beginning of the period[47] - The net increase in cash and cash equivalents was -38,869,561.79 CNY, compared to -16,369,739.13 CNY in the previous period, reflecting ongoing liquidity challenges[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,434,283,889.10, a slight decrease of 0.22% from ¥1,437,503,764.96 at the end of the previous year[7] - Total liabilities decreased to CNY 286,781,307.38 from CNY 310,115,425.49, showing a reduction in overall debt[31] - Total assets amounted to CNY 1,357,137,044.01, slightly down from CNY 1,372,121,936.05[33] - Net assets attributable to shareholders increased by 1.78% to ¥1,147,502,581.72 from ¥1,127,388,339.47 at the end of the previous year[7] Investments and Expenses - The company has invested ¥1,727.97 million in the ITO conductive film project, with a cumulative investment of ¥4,037.97 million, representing 10.95% of the total committed investment[19] - Management expenses increased by 45.61% to ¥7,504,228.13, driven by higher employee compensation and depreciation costs[14] - Research and development expenses increased to CNY 5,423,931.95 from CNY 4,609,670.68, highlighting a focus on innovation[37] - The company's research and development expenses amounted to CNY 3,169,586.71, compared to CNY 3,098,199.12 in the previous period, indicating a year-over-year increase of approximately 2.3%[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,325[10] - The largest shareholder, Chen Chao, holds 15.56% of the shares, with a total of 43,735,444 shares, of which 14,500,000 are pledged[10] Financial Management - Financial expenses decreased by 105.05% to -¥213,494.43, attributed to increased interest income from deposits and reduced loan interest[14] - The company reported a financial income of CNY 2,391,696.67, up from CNY 100,223.30, indicating improved financial management[37] - The financial expenses showed a significant decrease, with a net financial income of CNY -1,062,864.32 compared to CNY 3,661,370.45 in the previous period[41]
日久光电(003015) - 2020 Q4 - 年度财报
2021-04-11 16:00
Dividend Policy - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares to all shareholders, based on a total of 281,066,667 shares[4]. - The cash dividend distribution accounted for 42.55% of the net profit attributable to ordinary shareholders in 2020[105]. - The company did not distribute any profits in 2019 and 2018, indicating a significant change in dividend policy in 2020[106]. - The cash dividend total for 2020 represents 100% of the total profit distribution amount[106]. - The company has established a three-year cycle for formulating shareholder return plans, considering various factors and shareholder opinions[102]. - The company must adjust its profit distribution policy if external or internal operational conditions change significantly, ensuring shareholder rights are protected[101]. - The board of directors must submit the profit distribution proposal to the shareholders' meeting for approval, with independent directors providing independent opinions[101]. - The company has not issued any stock dividends or capital reserve transfers in the recent three years[104]. - The company is committed to providing opportunities for minority shareholders to express their opinions and protect their legal rights[103]. Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of XX% (specific percentage not provided in the content)[12]. - The company's operating revenue for 2020 was ¥517,327,193.63, a decrease of 6.15% compared to 2019[18]. - The net profit attributable to shareholders for 2020 was ¥99,085,052.60, an increase of 16.71% year-over-year[18]. - The net cash flow from operating activities increased by 38.97% to ¥112,246,546.17 in 2020[18]. - The basic earnings per share for 2020 was ¥0.45, reflecting a 12.50% increase from the previous year[18]. - Total assets at the end of 2020 reached ¥1,437,503,764.96, a 43.45% increase compared to the end of 2019[18]. - The net assets attributable to shareholders increased by 83.45% to ¥1,127,388,339.47 at the end of 2020[18]. - The company reported a total revenue of 1.5 billion RMB for the year 2020, representing a year-on-year growth of 15%[114]. - The gross profit margin improved to 35%, up from 32% in the previous year, indicating better cost management[117]. Market Position and Strategy - The company is focusing on expanding its market presence and developing new technologies, particularly in the field of ITO conductive films[10]. - The company achieved a market share of approximately 20% in the ITO conductive film sector, ranking second in the industry, following Nitto Denko with a market share of about 45%[31]. - The company is actively developing new products such as optical release films and OCA optical adhesives, expanding its vertical integration capabilities[41]. - The company aims to enhance its market share by focusing on OCA optical adhesive and copper film products[88]. - The company is focusing on technological innovation in flexible optical conductive materials, including the development of copper films and OCA optical adhesives, to enhance its competitive edge[34]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2023[151]. Research and Development - The company specializes in the R&D, production, and sales of flexible optical conductive materials, primarily ITO conductive films[27]. - R&D investment increased by 29.27% from 21,860,464.71 CNY in 2019 to 28,258,113.04 CNY in 2020, representing 5.46% of operating revenue[63]. - The number of R&D personnel rose by 18.75% from 32 to 38, increasing the proportion of R&D staff from 8.21% to 8.82%[63]. - The company has multiple ongoing R&D projects, including the development of high-temperature resistant protective films and optical decorative films, with successful batch production for several projects[62]. - The company has committed to enhancing its operational efficiency, aiming for a 5% reduction in operational costs by the end of 2021[151]. Risks and Challenges - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and future plans[4]. - The company identifies risks related to market environment changes and product price declines in the consumer electronics sector[88]. - The company faces risks from exchange rate fluctuations, as major raw materials are settled in Japanese yen and US dollars, which could impact financial performance[91]. - The company has a concentrated supplier risk, as key raw materials are sourced from a limited number of suppliers, primarily from Japan and South Korea, which could affect production stability if supplier performance is inadequate[90]. - Accounts receivable are expected to increase with the company's business expansion, posing a risk of bad debt losses if economic conditions or customer situations change[91]. Corporate Governance and Compliance - The company operates under the supervision of the China Securities Regulatory Commission and is listed on the Shenzhen Stock Exchange[13]. - The company has established a comprehensive quality control system, ensuring product quality and stability, with no significant customer complaints reported[40]. - The company has established a comprehensive intellectual property protection system to safeguard core technologies, but risks remain regarding potential leaks or loss of key personnel[93]. - The company is committed to protecting investor interests and minimizing losses due to uncontrollable factors[135]. - The company has made long-term commitments to protect public interests and ensure compliance with governance regulations[142]. Shareholder Information - The company completed its initial public offering (IPO) of 70,266,667 shares, increasing the total number of shares from 210,800,000 to 281,066,667[183]. - The largest shareholder, Chen Chao, holds 15.56% of the shares, totaling 43,735,444 shares[188]. - The company has no foreign shareholding, with 100% of shares held by domestic investors[182]. - The controlling shareholder can increase their holdings, with a single transaction not exceeding 50% of the dividends received in the previous year[128]. - The company has established a framework for compliance with legal and regulatory requirements concerning shareholding and transfer restrictions[111].
日久光电(003015) - 2020 Q3 - 季度财报
2020-11-05 16:00
Financial Performance - Operating revenue for the reporting period was CNY 161.84 million, down 4.71% year-on-year, while year-to-date revenue was CNY 398.15 million, a slight increase of 0.45%[8] - Net profit attributable to shareholders of the listed company reached CNY 37.59 million, representing a year-on-year increase of 25.75%[8] - Basic earnings per share for the reporting period were CNY 0.18, up 28.57% compared to the same period last year[8] - The operating profit for the third quarter was CNY 42,944,937.71, which is a 20.8% increase compared to CNY 35,602,493.92 in the previous year[39] - The total profit for the third quarter was CNY 43,087,308.37, an increase of 21.3% from CNY 35,452,311.35 in the previous year[39] - The total comprehensive income for the third quarter was CNY 37,586,684.24, compared to CNY 29,889,149.87 in the same period last year, reflecting a growth of 25.7%[40] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 996.10 million, a decrease of 0.60% compared to the end of the previous year[8] - Current liabilities decreased to CNY 222,631,684.15 from CNY 301,222,035.84, indicating improved liquidity management[31] - Non-current liabilities totaled CNY 81,776,340.33, down from CNY 86,275,326.20, reflecting a reduction in long-term financial obligations[31] - Cash and cash equivalents decreased by 37.38% to ¥70,571,810.67 from ¥112,704,455.58 due to bank loan repayments[16] - Cash and cash equivalents decreased to CNY 57,834,558.31 from CNY 111,058,393.88, indicating a potential liquidity concern[32] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 12.55% to CNY 691.69 million[8] - The total number of shareholders at the end of the reporting period was 139, with the top ten shareholders holding a significant portion of shares[12] - Owner's equity increased to CNY 691,687,386.09 from CNY 614,563,373.28, showing a growth in shareholder value[32] Cash Flow - The net cash flow from operating activities was CNY 8.40 million, a significant decrease of 49.53% compared to the previous year[8] - The net cash flow from operating activities for Q3 2020 was ¥49,751,267.87, a significant increase from ¥17,940,728.01 in Q3 2019, representing an increase of approximately 177.5%[55] - The net cash flow from financing activities was -¥42,166,740.92, a decrease from ¥116,001,453.29 in Q3 2019, indicating a decline of approximately 136.3%[56] Investment and Expenses - Research and development expenses increased by 45.69% to ¥20,069,382.21, as new product lines began development[17] - Investment income surged by 102.24% to ¥314,553.43, mainly due to increased trading financial assets from subsidiaries[17] - Cash inflow from investment activities rose by 46.77% to ¥88,708,847.49, resulting from the recovery of wealth management funds[17] - The company reported a 30.43% increase in taxes and surcharges to ¥3,806,571.97, primarily due to increased property tax provisions[17] - The total operating costs decreased to CNY 116,306,663.14 from CNY 134,665,300.14, a reduction of approximately 13.7%[38] Accounts Receivable and Inventory - Accounts receivable rose by 40.46% to ¥56,912,035.08, attributed to an increase in payments settled with bank acceptance bills[16] - Accounts receivable rose to CNY 231,507,414.01 from CNY 196,370,652.62, suggesting an increase in sales on credit[32] - Inventory levels slightly decreased to CNY 77,121,702.50 from CNY 78,674,174.83, indicating stable inventory management[32] Government Support - The company received government subsidies amounting to CNY 1.80 million during the reporting period[9]
日久光电(003015) - 2020 Q3 - 季度财报
2020-10-29 16:00
江苏日久光电股份有限公司 2020 年第三季度报告全文 江苏日久光电股份有限公司 2020 年第三季度报告 2020 年 10 月 1 江苏日久光电股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整,不存在虚假记载、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人陈超、主管会计工作负责人赵蕊及会计机构负责人(会计主管人 员)赵蕊声明:保证季度报告中财务报表的真实、准确、完整。 2 江苏日久光电股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 | 项目 | 年初至报告期期末金额 说明 | | --- | --- | | 非流动资产处置损益(包括已计提资产减值准备的冲销部分) | -9,428.60 | | 计入当期损益的政府补助(与企业业务密切相关,按照国家统 一标准定额或定量享受的政府补助除外) | 1,795,856.93 政府补助 | | 委托他人投资或管理资产的损益 | 314,553.43 委托理财产品收益 | | 单独进行减值测试 ...