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建新股份(300107) - 2017 Q3 - 季度财报
2017-10-27 16:00
Financial Performance - Operating revenue for the period reached CNY 131,397,128.36, a significant increase of 134.91% year-on-year[9] - Net profit attributable to shareholders surged by 267.83% to CNY 14,530,272.88 for the quarter[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 331.80% to CNY 15,245,973.21[9] - Basic earnings per share increased by 269.86% to CNY 0.027 per share[9] - The company's operating revenue for the reporting period was CNY 365,655,818.23, an increase of 46.83% compared to the same period last year, primarily due to increased sales volume and higher prices[21] - The net profit for the reporting period was CNY 34,336,440.80, representing a 105.38% increase year-on-year, driven by higher profit margins[21] - The total profit for the reporting period was CNY 40,117,007.10, an increase of 102.34% year-on-year, primarily due to increased gross profit[21] - The company's basic and diluted earnings per share were CNY 0.063, an increase of 105.21% year-on-year, attributed to the rise in net profit[23] - Total operating revenue for the current period reached ¥131,397,128.36, a significant increase from ¥55,934,834.54 in the previous period, representing an increase of approximately 135%[37] - Net profit for the current period was ¥14,530,272.88, up from ¥3,950,268.64 in the previous period, indicating an increase of approximately 267%[39] - Operating profit for the current period was ¥17,794,488.94, compared to ¥4,211,632.30 in the previous period, marking an increase of around 322%[39] - Total operating revenue for the year-to-date period reached ¥365,655,818.23, up from ¥249,039,378.06 in the same period last year, representing an increase of about 47%[40] - Net profit for the year-to-date period was ¥34,336,440.80, up from ¥16,718,651.51 in the previous year, indicating an increase of around 105%[42] Assets and Liabilities - Total assets increased by 8.53% to CNY 1,023,881,609.10 compared to the end of the previous year[9] - The total assets of Hebei Jianxin Chemical Co., Ltd. at the end of the reporting period amounted to CNY 1,023,881,609.10, an increase from CNY 943,376,535.03 at the beginning of the period[33] - The company's current assets totaled CNY 564,961,638.26, up from CNY 458,645,816.08 at the beginning of the period, indicating a growth of approximately 23.2%[33] - Accounts receivable at the end of the period amounted to CNY 74,523,876.65, an increase of 82.83% from the beginning of the period, mainly due to increased sales revenue[20] - Inventory at the end of the period was CNY 69,256,027.02, up 48.66% from the beginning of the period, reflecting an increase in raw materials and finished goods[20] - The total liabilities of the company were CNY 95,487,810.37, compared to CNY 33,084,878.28 at the beginning of the period, showing a substantial increase[35] - The company's total liabilities increased significantly, with other payables rising by 1052.59% to CNY 5,671,478.90, mainly due to the increase in repurchase obligations for restricted stock[21] - The company's equity attributable to shareholders reached CNY 928,393,798.73, up from CNY 910,291,656.75, indicating a slight increase[36] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 42,521,856.96, down 55.94% compared to the previous year[9] - The net cash flow from operating activities was CNY 42,521,856.96, a decrease of 55.94% compared to the same period last year, mainly due to reduced collection of bank acceptance bills[22] - The net cash flow from investment activities was -38,506,391.31, compared to a positive 9,284,514.99 in the previous period[46] - The net cash flow from financing activities was -45,092,206.30, worsening from -2,271,455.56 in the previous period[46] - The total cash and cash equivalents at the end of the period were 153,860,493.26, down from 188,926,642.02[47] - The total cash outflow from operating activities was 159,529,674.52, an increase from 106,592,331.93[45] - Cash inflow from investment activities totaled 444,302,924.73, up from 255,830,511.70, marking a 73.5% increase[46] - Cash inflow from financing activities was 22,541,294.50, an increase from 14,434,624.21, representing a 56% rise[46] Shareholder Information - The total number of shareholders at the end of the period was 39,872[13] - The largest shareholder, Zhu Shouchan, holds 39.53% of the shares, totaling 215,768,643 shares[13] - The company reported no significant changes in the number of restricted shares during the period[16] Corporate Governance - The company approved a stock option and restricted stock incentive plan during the reporting period, aimed at enhancing employee motivation and retention[24] - The company reported no violations regarding external guarantees during the reporting period[28] - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[29] - The company is currently fulfilling its commitments related to equity incentives and avoiding competition[27] Miscellaneous - The impact of exchange rate changes on cash and cash equivalents was -958,616.44, compared to 349,984.65 in the previous period[47] - The company received tax refunds amounting to 2,273,849.17, compared to 38,085.90 in the previous period[45]
建新股份(300107) - 2017 Q2 - 季度财报(更新)
2017-09-06 16:00
Economic Environment and Market Conditions - The company reported a significant impact from macroeconomic policies, with the chemical industry recovery lagging behind, influenced by slow global economic recovery and international market demand suppression [6]. - The total export volume of the company's main products may not meet expectations due to fluctuations in international market demand and domestic environmental policies affecting downstream clients [6]. - The company acknowledges potential exchange rate risks due to a significant portion of its exports being settled in USD, which may impact its export business [7]. - The company maintained a stable operating environment despite new challenges, enhancing its risk resistance capabilities [39]. - The company has implemented measures to mitigate risks related to macro policies, market fluctuations, and core personnel shortages [69]. Financial Performance - Total revenue for the reporting period was ¥234,258,689.87, an increase of 21.31% compared to ¥193,104,543.52 in the same period last year [23]. - Net profit attributable to shareholders was ¥19,806,167.92, representing a 55.12% increase from ¥12,768,382.87 year-on-year [23]. - Net profit after deducting non-recurring gains and losses reached ¥22,110,698.43, an increase of 86.63% compared to ¥11,847,568.99 in the previous year [23]. - Basic earnings per share increased by 70.21% to ¥0.04 from ¥0.0235 in the same period last year [23]. - The total profit reached 23.32 million yuan, reflecting a growth of 54.23% compared to the previous year [39]. Research and Development - The company has a strong R&D team with 8 invention patent applications and 11 utility model patents, enhancing its core technology system [35]. - Research and development investment increased by 46.42% to 9.24 million yuan, focusing on new technologies and processes [43]. - Investment in R&D increased by 25% year-on-year, focusing on developing new chemical products and technologies [180]. Environmental and Safety Measures - The company is actively addressing environmental risks related to groundwater pollution and is progressing with remediation efforts as per the relevant plans [7]. - The company is committed to improving safety production conditions and management to minimize the occurrence of safety incidents [8]. - The company has committed to environmental protection and has established strict operational procedures to reduce waste emissions [69]. - The company reported emissions of 25.9 tons/year of SO2 and 18.26 tons/year of NOx, which are within the regulatory limits [94]. Corporate Governance and Management - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and management, ensuring accountability [5]. - The company emphasizes the importance of attracting and retaining high-quality technical and management talent to support future development, as a lack of such personnel poses a key constraint [6]. - The company has not experienced any major safety production accidents in recent years, although it continues to face safety risks inherent in the chemical production process [8]. - The company has not engaged in any major related party transactions during the reporting period [83]. Shareholder Information - The company reported a total of 544,338,522 shares outstanding, with 39.86% being subject to trading restrictions [99]. - The largest shareholder, Zhu Shouchan, holds 39.64% of the shares, totaling 215,768,640 shares [104]. - The total number of shareholders at the end of the reporting period is 47,030 [103]. - The company has maintained a stable shareholder structure without any significant changes in ownership dynamics [106]. Fundraising and Investment - The total amount of raised funds was 604.07 million yuan, with 8 million yuan invested during the reporting period [51]. - The company raised a total of RMB 642.2 million from the public offering, with a net amount of RMB 604.07 million after deducting fees [53]. - The company has successfully recovered investment returns from various financial products, with total investment income reaching RMB 1.67 million [53]. - The company has a total of 11,000 million CNY in idle raised funds allocated for cash management [56]. Future Outlook and Strategic Initiatives - The company plans to use up to RMB 110 million of temporarily idle excess raised funds for cash management [53]. - The company has completed a strategic acquisition of a smaller competitor, which is projected to enhance market share by 3% [61]. - The company plans to introduce a new line of eco-friendly products, targeting a market share increase of 4% in the next fiscal year [61]. - New product launches are expected to contribute an additional 1,000 million in revenue by the end of 2017 [62].
建新股份(300107) - 2017 Q2 - 季度财报
2017-08-23 16:00
Economic Environment and Market Challenges - The company reported a significant impact from macroeconomic policies, with the chemical industry recovery lagging behind, influenced by slow global economic recovery and potential export challenges [6]. - The total export volume of the company's main products may not meet expectations due to fluctuations in international market demand and domestic environmental regulations affecting downstream clients [6]. - The company is facing potential currency exchange risks due to a significant portion of its exports being settled in USD, which may impact its financial performance [8]. - The company maintained a stable operating environment despite market challenges, enhancing its risk resistance capabilities [39]. - The company has faced challenges in achieving expected revenue due to longer market development cycles for new products like aminophenol and paper colorants [56]. Financial Performance - Total revenue for the reporting period reached ¥234,258,689.87, an increase of 21.31% compared to the same period last year [23]. - Net profit attributable to shareholders was ¥19,806,167.92, reflecting a growth of 55.12% year-over-year [23]. - Net profit after deducting non-recurring gains and losses was ¥22,110,698.43, up 86.63% from the previous year [23]. - Basic earnings per share increased by 70.21% to ¥0.04 [23]. - The total profit reached 23.32 million yuan, marking a 54.23% increase compared to the previous year [39]. - The company reported a total revenue of 64,273 million CNY for the first half of 2017, which represents a 49.38% increase compared to the previous period [56]. - The company reported a total operating revenue for the first half of 2017 of CNY 234,258,689.87, an increase of 21.4% compared to CNY 193,104,543.52 in the same period last year [125]. Investment and Capital Management - The company plans not to distribute cash dividends or issue bonus shares, focusing on reinvestment strategies [10]. - The total amount of raised funds was 604.07 million yuan, with 8 million yuan invested during the reporting period [51]. - The company raised a total of RMB 642.2 million from the public offering, with a net amount of RMB 604.07 million after deducting fees [53]. - The company has a remaining balance of RMB 35.96 million in the special account for raised funds as of June 30, 2017 [53]. - The company plans to use up to RMB 110 million of temporarily idle excess funds for cash management [53]. - The company has successfully recovered investment returns from various financial products, with total investment income of RMB 1.66 million from multiple transactions [53]. Research and Development - The company has emphasized the importance of attracting and retaining high-quality technical and management talent to mitigate risks associated with talent shortages as it expands [6]. - The company has a strong R&D team with 8 invention patent applications and 11 utility models, enhancing its core technology system [35]. - Research and development expenses increased by 46.42% to 9.24 million yuan, focusing on new technologies for wastewater treatment and high-purity intermediates [43]. - The company is exploring new product development, including environmentally friendly heat-sensitive dyes, to expand its product offerings [15]. - The company has established partnerships with several research institutions to optimize production processes and develop new products [35]. Environmental and Safety Management - The company is actively addressing environmental risks related to groundwater pollution, cooperating with local authorities on remediation efforts [8]. - The company has established comprehensive safety production regulations to mitigate risks associated with the use of flammable and explosive chemicals in its production processes [9]. - The company has a long-term commitment to environmental protection and safety management, aiming to reduce emissions and improve operational safety [69][70]. Shareholder and Equity Information - The total number of shareholders at the end of the reporting period was 47,030 [102]. - The largest shareholder, Zhu Shouchan, holds 39.64% of the shares, totaling 215,768,643 shares [103]. - The number of restricted shares decreased by 426,561, resulting in 216,964,134 restricted shares remaining [98]. - The unrestricted shares increased by 426,561, bringing the total to 327,374,388, which is 60.16% of the total shares [98]. - The company has not reported any changes in the feasibility of projects or adjustments in the implementation of fundraising projects during the reporting period [58]. Operational Efficiency and Cost Management - The company is committed to improving its operational efficiency and market competitiveness through strategic investments in technology and talent [6]. - The company reported a significant increase in operational efficiency, with a 5% reduction in production costs year-over-year [62]. - The net cash flow from operating activities decreased by 75.42% to ¥13,917,347.49 [23]. - Total cash outflow from operating activities increased to ¥97,597,364.85 from ¥77,653,335.56, suggesting higher operational costs [130]. Compliance and Governance - The company has not disclosed any significant controlling or affiliated company information during the reporting period, maintaining transparency [67]. - The half-year financial report has not been audited [77]. - The company has not engaged in any major litigation or arbitration matters during the reporting period [80]. - There were no significant related party transactions reported during the period [83].
建新股份(300107) - 2016 Q4 - 年度财报
2017-04-19 16:00
Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2016, representing a year-on-year increase of 15%[16]. - The company's operating revenue for 2016 was ¥331,189,776.51, a decrease of 20.30% compared to ¥415,550,819.77 in 2015[21]. - The net profit attributable to shareholders for 2016 was ¥22,752,799.95, down 1.72% from ¥23,150,722.56 in 2015[21]. - The total profit amounted to 25.97 million yuan, reflecting a decline of 2.8% year-on-year[38]. - The company reported a total of ¥1,457,758.28 in non-recurring gains for 2016, compared to a loss of ¥711,522.10 in 2015[27]. - The net cash flow from operating activities increased by 90.79% to ¥118,036,744.44 in 2016, compared to ¥61,867,252.26 in 2015[21]. - The company's total assets at the end of 2016 were ¥943,376,535.03, a slight decrease of 0.17% from ¥944,945,588.25 at the end of 2015[21]. - The company's net assets attributable to shareholders increased by 1.50% to ¥910,291,656.75 at the end of 2016, compared to ¥896,858,131.32 at the end of 2015[21]. - The fine chemical industry accounted for ¥329.92 million (99.62% of total revenue) in 2016, down 20.52% from ¥415.09 million in 2015[44]. - The total operating revenue for the current period is CNY 331,189,776.51, a decrease of 20.3% compared to CNY 415,550,819.77 in the previous period[195]. Cost Management and Profitability - The gross profit margin improved to 25%, up from 22% in the previous year, indicating better cost management and pricing strategies[16]. - The company maintained a stable gross profit margin despite a decline in revenue, indicating effective cost control measures[31]. - Environmental compliance costs increased by 5% due to stricter regulations, impacting overall profitability[16]. - The cost of raw materials in the fine chemical sector was ¥169.28 million, representing 64.29% of total operating costs, down from 64.76% in 2015[50]. - The gross profit margin for the fine chemical industry was 17.30% in 2016, down from the previous year[47]. Research and Development - Research and development expenses accounted for 8% of total revenue, reflecting the company's commitment to innovation and new product development[16]. - The company aims to launch three new environmentally friendly products in 2017, targeting a market share increase of 10% in the specialty chemicals sector[16]. - The company has developed a wastewater treatment facility that achieves 80% resource reuse of industrial wastewater, complying with national regulations[35]. - The company holds 8 invention patent applications, 11 utility models, and 35 proprietary technologies, establishing a core technology system with independent intellectual property rights[34]. - The company has improved production efficiency by 50% through process upgrades in the production of 4,4-dichlorodiphenyl sulfone[40]. - R&D investment for 2016 totaled ¥14.82 million, representing 4.47% of total revenue, an increase from 3.37% in 2015[53]. Market Expansion and Sales - The company plans to expand its production capacity by 20% in the next fiscal year to meet increasing market demand[16]. - Export sales constituted 40% of total revenue, with a focus on markets in Europe and North America, despite facing currency exchange risks[16]. - The company aims to enhance the proportion of fiber intermediates and pharmaceutical intermediates in overall revenue, focusing on long-term stable development amidst market competition[71]. - The company plans to expand its production scale and business channels, improving capital efficiency and seeking strategic acquisitions aligned with national industrial planning[71]. - The company intends to increase its market share in new products, particularly in aerospace materials, leveraging its existing product advantages[73]. Governance and Compliance - The company emphasizes safety and environmental protection in its operations, integrating these principles into daily work processes[74]. - The company will enhance its governance structure and investor relations management to promote healthy development and compliance with regulations[75]. - The company has not faced any major litigation or arbitration matters during the reporting period[91]. - The company has maintained compliance with the regulations set forth by the Shenzhen Stock Exchange and the Company Law[145]. - The company has a commitment to maintaining high standards of corporate governance and operational integrity[149]. Shareholder Relations and Dividends - In 2016, the company distributed cash dividends of 0.3 yuan per 10 shares, totaling 16,284,771.62 yuan, with a cash dividend payout ratio of 100%[80]. - The company has maintained a consistent dividend distribution policy over the past three years[84]. - The cash dividend for 2015 was ¥16,284,771.62, which accounted for 70.34% of the net profit attributable to ordinary shareholders[85]. - The total number of shares for the cash dividend distribution in 2016 was based on 544,338,522 shares, with a distribution of ¥0.3 per 10 shares[87]. Human Resources and Talent Management - The company has implemented a performance-based compensation system to attract and retain high-quality talent[39]. - The company’s R&D personnel accounted for 10.59% of total staff, with a total of 81 R&D personnel[54]. - The company has a strong management team with diverse backgrounds in various industries, including chemical, trade, finance, and real estate[146]. - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1.91 million[156]. - The company employs a total of 765 staff, with 500 in production, 24 in sales, 167 in technical roles, 12 in finance, and 62 in administration[159]. Investment and Fundraising - The company raised a total of CNY 642.20 million from its initial public offering, with a net amount of CNY 604.07 million after deducting fees[61]. - The company has committed to investment projects totaling CNY 27,173 million, with a completion rate of 99.99% for the annual production of 4,000 tons of 2,5-acid and related projects[64]. - The company has utilized CNY 15,600 million for the construction of a new 16,000 tons/year aniline project, achieving a 100% completion rate[65]. - The company reported a total of CNY 64,273 million in raised funds, with CNY 52,288 million already utilized[65]. - The company faced challenges in achieving expected returns due to longer market development cycles for new products like aniline and paper colorants, resulting in lower production loads and higher costs[66].
建新股份(300107) - 2017 Q1 - 季度财报
2017-04-19 16:00
Financial Performance - Total operating revenue for Q1 2017 was ¥99,103,471.15, an increase of 2.90% compared to ¥96,307,932.95 in the same period last year[9] - Net profit attributable to shareholders was ¥4,880,692.33, reflecting a growth of 5.82% from ¥4,612,249.84 year-on-year[9] - Net profit excluding non-recurring gains and losses increased by 25.70% to ¥4,801,973.83 from ¥3,820,068.17 in the previous year[9] - Operating profit was 5.66 million yuan, reflecting a 26.22% increase year-on-year[24] - Basic and diluted earnings per share were 0.009 yuan, an increase of 28.57% year-on-year due to profit growth[23] - Net profit attributable to shareholders was 4.88 million yuan, up 5.82% from the previous year[24] - Operating profit for Q1 2017 was CNY 5,658,794.72, an increase of 26.2% from CNY 4,483,307.36 in the previous year[43] Cash Flow and Assets - The net cash flow from operating activities decreased significantly by 74.52% to ¥7,793,390.46 from ¥30,591,731.72 in the same period last year[9] - Cash and cash equivalents at the end of the period decreased by 47.04% to 103.74 million yuan, primarily due to some financial products not maturing[21] - The company reported a cash balance of ¥103,744,643.06 at the end of the period, down from ¥195,895,850.35 at the beginning of the period, indicating a decrease of approximately 47%[38] - Cash flow from operating activities for Q1 2017 was CNY 7,793,390.46, a decrease of 74.5% compared to CNY 30,591,731.72 in Q1 2016[47] - Cash flow from investing activities showed a net outflow of CNY 100,490,154.55, compared to a net outflow of CNY 8,355,536.00 in the same period last year[48] Assets and Liabilities - Total assets at the end of the reporting period were ¥978,454,684.68, up 3.72% from ¥943,376,535.03 at the end of the previous year[9] - Current liabilities rose to ¥59,018,189.55 from ¥28,299,878.28, marking an increase of approximately 108.5%[40] - The company's total liabilities reached ¥63,648,189.55, compared to ¥33,084,878.28, indicating a growth of about 92.8%[40] - Total assets amounted to ¥978,454,684.68, up from ¥943,376,535.03, reflecting an increase of about 3.7%[39] - The total equity attributable to shareholders of the parent company increased to CNY 914,806,495.13 from CNY 910,291,656.75[41] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,284[15] - The company's net asset return rate was 0.53%, up 0.02 percentage points from the previous year[23] Risks and Future Plans - The company faces risks including macroeconomic policy risks, market demand fluctuations, and potential talent shortages impacting future growth[11] - The company plans to continue implementing cost control and product pricing strategies to maintain stable operations[24] - The company has not indicated any significant changes in the feasibility of projects or major risks affecting future performance[32] Fundraising and Investments - The total amount of raised funds is CNY 60,406.89 million, with CNY 5,000 million invested in the current quarter[29] - The cumulative amount of raised funds invested is CNY 57,288.74 million, with no changes in the purpose of the raised funds during the reporting period[29] - The company plans to use ¥2,500.00 million of raised funds for new projects, with ¥1,522.06 million already utilized[32] - The company has not reported any violations regarding external guarantees during the reporting period[33] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[34] Production and Development - The company has ongoing projects with a total production capacity of 4,000 tons of acid and 2,000 tons of hydroxyl, achieving a completion rate of 99.99%[30] - The company is developing new products, including a project for producing 500 tons of 3,3′-diaminodiphenyl sulfone, with a completion rate of 99.97%[30] - The company is expanding its production capabilities with new projects aimed at increasing output and efficiency[30] - The company has a long-term commitment to its equity incentive plan, which is currently being fulfilled[26] - The company has a commitment to avoid competition with related parties, which is being strictly adhered to[27] - The company has not changed the purpose of raised funds, maintaining a focus on the original investment projects[29]
建新股份(300107) - 2016 Q3 - 季度财报
2016-10-27 16:00
Financial Performance - Total operating revenue for the reporting period was CNY 55,934,834.54, down 40.05% year-on-year[9]. - Net profit attributable to shareholders was CNY 3,950,268.64, an increase of 0.34% compared to the same period last year[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,530,818.43, a decrease of 18.44% year-on-year[9]. - Basic earnings per share for the reporting period were CNY 0.0073, unchanged from the previous year[9]. - The company achieved operating revenue of ¥249,039,400 in the first nine months, a decrease of 17.77% year-on-year, while net profit increased by 13.24% to ¥16,718,700[26]. - The net profit for Q3 2016 was CNY 3,950,268.64, slightly up from CNY 3,937,015.31 in Q3 2015, representing a growth of 0.3%[47]. - The net profit for the third quarter of 2016 was CNY 16,718,651.51, an increase of 13.3% compared to CNY 14,763,600.78 in the same period last year[51]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date was CNY 96,505,834.17, an increase of 61.59%[9]. - The company's cash and cash equivalents at the end of the period amounted to RMB 188,926,642.02, an increase of 119.53% compared to the beginning of the period, primarily due to increased collection of acceptance bills and recovery of financial investments[23]. - The net cash flow from operating activities at the end of the reporting period was ¥96,505,834.17, an increase of 61.59% compared to the same period last year, primarily due to increased cash received from sales and reduced cash paid for purchases[25]. - Cash inflow from investment activities totaled CNY 255,830,511.70, compared to CNY 78,564,572.10 in the previous year, indicating a substantial increase of 226.5%[55]. - The total cash and cash equivalents at the end of the period were CNY 188,926,642.02, an increase from CNY 123,976,213.38 at the end of the same quarter last year[56]. Liabilities and Equity - The company's total liabilities decreased by 42.15% in accounts payable, amounting to RMB 19,047,641.88, mainly due to a reduction in procurement volume compared to the previous year[23]. - The total liabilities decreased to CNY 33,197,872.40 from CNY 48,087,456.93, indicating a reduction of 30.9%[44]. - The owner's equity totaled CNY 903,999,792.71, an increase from CNY 896,858,131.32, reflecting a growth of 0.8%[45]. Market and Economic Conditions - The company faces macroeconomic risks due to slow global economic recovery affecting international market demand[12]. - The company is experiencing market risks as domestic demand declines due to stricter environmental policies impacting downstream customers[12]. Investments and Projects - Research and development investment totaled ¥9,405,900 during the reporting period, aimed at enhancing technological innovation and market competitiveness[28]. - The company has utilized 15,599.47 million CNY for the construction of a new 16,000 tons/year para-aminobenzenesulfonic acid project and 1,460.56 million CNY for a 12.5 tons/hour MVR evaporation and supporting facilities project[36]. - The company reported a total of 37,100 million CNY in raised funds, with 25,060 million CNY already allocated to various projects[36]. Operational Efficiency - The company maintained market share by limiting production to stabilize prices, which improved the gross margin of some products[26]. - The company is focused on optimizing existing processes and enhancing product value to support industry development and environmental protection[28].
建新股份(300107) - 2016 Q2 - 季度财报
2016-08-23 16:00
Financial Performance - Total operating revenue for the first half of 2016 was CNY 193,104,543.52, a decrease of 7.85% compared to CNY 209,555,967.76 in the same period last year[20]. - Net profit attributable to ordinary shareholders of the listed company reached CNY 12,768,382.87, an increase of 17.94% from CNY 10,826,585.47 year-on-year[20]. - Net cash flow from operating activities was CNY 56,628,477.26, representing a significant increase of 89.31% compared to CNY 29,912,373.37 in the previous year[20]. - Basic earnings per share rose to CNY 0.0235, up 18.09% from CNY 0.0199 in the same period last year[20]. - Total assets at the end of the reporting period were CNY 947,968,937.77, a slight increase of 0.32% from CNY 944,945,588.25 at the end of the previous year[20]. - The weighted average return on net assets was 1.42%, an increase of 0.17% compared to 1.25% in the previous year[20]. - The total profit for the period was CNY 15.12 million, an increase of 27.62% compared to the previous year[29]. - The net profit after deducting non-recurring gains and losses was CNY 11,847,568.99, reflecting a 9.94% increase from CNY 10,776,324.97 in the previous year[20]. Investment and R&D - Research and development investment rose to CNY 6.31 million, an increase of 85.21% compared to the previous year, indicating a focus on innovation[29]. - The company invested a total of RMB 6.3093 million in R&D during the reporting period, focusing on new product development and enhancing technological innovation capabilities[39]. - The company emphasizes the importance of R&D and market demand orientation to improve product value and support industry development[39]. - 河北建新化工在新产品研发方面,计划推出两款新型化工产品,预计将贡献500万元的新增收入[58]. - 未来展望中,公司将加大对环保技术的投资,预计投入资金为300万元[58]. Market Position and Strategy - The company maintains a stable market position in the production and sales of benzene-based intermediates, with a focus on dye intermediates, fiber intermediates, and pharmaceutical intermediates[32]. - The company is focusing on enhancing its market position through targeted marketing strategies, despite challenges in order execution due to a sluggish economic environment[42]. - The company plans to continue expanding its market presence and invest in new technologies[132]. - The company has a significant order backlog, with a contract worth approximately USD 3.36 million with ARCHROMA MANAGEMENT GmbH, of which USD 2.84 million has been executed by the end of the reporting period[31]. Financial Management - The company plans not to distribute cash dividends or issue bonus shares[7]. - The company has maintained a positive undistributed profit, which supports future growth potential[64]. - The company has no overdue principal or accumulated income from entrusted financial management, indicating effective cash management[63]. - The company did not propose any cash dividend distribution or stock bonus during the half-year period, indicating a focus on reinvestment[64]. - The company’s fundraising projects and the use of excess funds are progressing as planned, with no significant changes reported[47]. Compliance and Risk Management - The company is actively addressing environmental risks and safety production risks, ensuring compliance with regulations and maintaining operational safety[27]. - The company has maintained compliance with environmental regulations, with no safety or environmental incidents reported during the period[42]. - The company faces macroeconomic risks, including slow global economic recovery affecting international market demand and potential impacts on product exports[26]. - There were no significant litigation or arbitration matters during the reporting period, reflecting a stable legal environment for the company[66]. Shareholder Information - The company reported a cash dividend of 0.299512 RMB per 10 shares, based on a total share capital of 543,711,028 shares, which was approved at the 2015 annual general meeting[63]. - As of June 30, 2016, the total share capital of the company increased to 543,789,320 shares due to the exercise of stock options in the second phase of the equity incentive plan[96]. - The largest shareholder, Zhu Shouchan, held 39.68% of the shares, totaling 215,768,640 shares[100]. - The company had a total of 26,899 shareholders at the end of the reporting period[100]. Financial Reporting and Accounting - The half-year financial report was not audited[91]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[137]. - The company recognizes revenue based on actual production and operational characteristics, adhering to specific accounting policies[139]. - The company conducts impairment testing on financial assets at each balance sheet date, recognizing impairment losses when there is objective evidence of impairment[155]. Asset Management - The company did not acquire or sell any assets during the reporting period, indicating no major changes in asset structure[67][68]. - The company does not have any held-for-sale assets or long-term equity investments[168][169]. - The company does not have any biological or oil and gas assets[176][177].
建新股份(300107) - 2016 Q1 - 季度财报
2016-04-22 16:00
Financial Performance - Total operating revenue for Q1 2016 was CNY 96,307,932.95, an increase of 2.38% compared to CNY 94,069,496.14 in the same period last year[9]. - Net profit attributable to shareholders decreased by 23.14% to CNY 4,612,249.84 from CNY 6,001,123.45 year-on-year[9]. - Net profit after deducting non-recurring gains and losses fell by 36.79% to CNY 3,820,068.17 compared to CNY 6,043,623.45 in the previous year[9]. - Basic and diluted earnings per share dropped by 68.18% to CNY 0.007 from CNY 0.022 in the same period last year[9]. - The total profit for the period was ¥5,415,285.80, a decrease of 27.66% year-on-year, mainly due to reduced operating profit[22]. - The total operating revenue for the first quarter was ¥96.30 million, a year-on-year increase of 2.38%[24]. - The net profit for the first quarter was ¥461.22 million, a decrease of 23.14% year-on-year[24]. - The total comprehensive income attributable to the parent company was CNY 4,612,249.84, a decrease of 23.1% compared to CNY 6,001,123.45 in the previous year[46]. Cash Flow and Assets - Net cash flow from operating activities increased significantly by 107.72% to CNY 30,591,731.72 from CNY 14,727,483.32 year-on-year[9]. - The ending balance of cash and cash equivalents was ¥119,134,666.13, an increase of 38.44% compared to the beginning of the period, mainly due to increased sales receipts[21]. - The total assets at the end of the quarter were CNY 956,151,289.66, compared to CNY 944,945,588.25 at the beginning of the year, showing a slight increase of 1.3%[43]. - The company's cash and cash equivalents increased to CNY 119,134,666.13 from CNY 86,057,763.77, representing a growth of 38.4%[40]. - The cash flow from operating activities generated a net amount of CNY 30,591,731.72, significantly higher than CNY 14,727,483.32 in the previous year, indicating a growth of 107.5%[49]. Liabilities and Equity - The total liabilities increased to CNY 50,156,184.85 from CNY 48,087,456.93, reflecting a rise of 4.3%[42]. - The company's equity attributable to shareholders rose to CNY 905,995,104.81 from CNY 896,858,131.32, an increase of 1.3%[43]. Market and Operational Risks - The company faces macroeconomic risks due to slow global economic recovery affecting international market demand[12]. - There is a risk of market fluctuations impacting export volumes due to tightening environmental regulations affecting domestic downstream customers[12]. - The company reported that production loads for various products were lower than expected, leading to higher costs and unmet revenue expectations[31]. Investment and Projects - The total amount of raised funds is CNY 604.07 million, with CNY 1.74 million invested in the current quarter[30]. - Cumulative investment of raised funds reached CNY 561.70 million, with no changes in usage reported[30]. - The company has a commitment to invest in projects, with a completion rate of 99.99% for the annual production of 4,000 tons of acid and 5,000 tons of chloroethane[30]. - The company plans to use CNY 156 million for the construction of a new 16,000 tons/year aniline sulfonic acid project, with CNY 155.99 million already utilized[31]. - A new 12.5 tons/hour MVR evaporation device project has a planned investment of CNY 25 million, with CNY 14.04 million already spent[31]. Inventory and Receivables - The ending balance of inventory was ¥44,117,819.59, a decrease of 31.18% compared to the beginning of the period, mainly due to reduced inventory of finished goods[21]. - Accounts receivable rose to CNY 64,569,571.74 from CNY 59,701,660.57, marking an increase of 8.3%[40]. - The ending balance of other receivables was ¥4,011,173.71, a decrease of 54.30% compared to the beginning of the period, mainly due to reduced receivables from equity incentive payments[21].
建新股份(300107) - 2015 Q4 - 年度财报
2016-04-04 16:00
Financial Performance - The company's operating revenue for 2015 was CNY 415,550,819.77, a decrease of 10.89% compared to CNY 466,351,108.10 in 2014[16] - The net profit attributable to shareholders for 2015 was CNY 23,150,722.56, down 42.95% from CNY 40,579,161.63 in 2014[16] - The net cash flow from operating activities decreased by 41.12% to CNY 61,867,252.26 in 2015 from CNY 105,069,238.55 in 2014[16] - Basic earnings per share for 2015 were CNY 0.043, a decline of 43.42% compared to CNY 0.076 in 2014[16] - The diluted earnings per share for 2015 were CNY 0.041, down 43.84% from CNY 0.073 in 2014[16] - The weighted average return on equity for 2015 was 2.63%, a decrease of 2.17% from 4.81% in 2014[16] - The total operating profit decreased to CNY 27,557,533.61 from CNY 47,770,074.61, representing a decline of approximately 42.3% year-over-year[196] - The net profit attributable to the parent company was CNY 23,150,722.56, down from CNY 40,579,161.63, indicating a decrease of about 43%[197] Assets and Liabilities - Total assets at the end of 2015 amounted to CNY 944,945,588.25, reflecting a 3.41% increase from CNY 913,761,676.19 at the end of 2014[16] - The total amount of fixed assets was ¥480.11 million, accounting for 50.81% of total assets, a decrease of 3.72% from the previous year[59] - Total liabilities decreased to CNY 48,087,456.93 from CNY 49,880,557.08, a reduction of 3.6%[193] - Shareholders' equity increased to CNY 896,858,131.32 from CNY 863,881,119.11, an increase of 3.8%[194] Revenue Breakdown - The company achieved total revenue of CNY 415.55 million, a decrease of 10.89% compared to the previous year, primarily due to a sluggish market for fluorescent whitening agents and cationic dyes, as well as reduced business volume from some customers[39] - The revenue from the fine chemical industry was CNY 415.09 million, accounting for 99.89% of total revenue, reflecting a decrease of 10.67% year-on-year[42] - Domestic sales accounted for 64.90% of total revenue at CNY 269.68 million, while international sales made up 35.10% at CNY 145.87 million, with a year-on-year decline of 12.90%[43] Cash Flow and Investments - The company’s cash and cash equivalents at the end of the period were CNY 8,605.77 million, a decrease of 30.59% from the beginning of the year[27] - The total amount of accounts receivable increased to ¥59.70 million, representing 6.32% of total assets[59] - The company reported a total of 4,000 million CNY in entrusted financial management funds, which are sourced from idle self-owned funds and over-raised funds[115] - The total cash inflow from investment activities was CNY 119,571,224.17, while cash outflow was CNY 222,465,409.72, resulting in a net cash flow of -CNY 102,894,185.55 from investment activities[200] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.3 per 10 shares, totaling CNY 542,826,046 as the base[5] - In 2015, the company distributed cash dividends of 0.3 yuan per share, totaling 16,284,781.38 yuan, with cash dividends accounting for 100% of the total profit distribution[84] - The cash dividend amount for 2014 was 13,457,561.20, with a net profit of 40,579,161.63, leading to a dividend payout ratio of 33.16%[86] Research and Development - Research and development expenses totaled ¥14.01 million, accounting for 11.00% of revenue, with 83 R&D personnel[54] - The company has established partnerships with external research institutions to boost its R&D capabilities and attract high-tech talent[75] - The company has strengthened its R&D capabilities, developing two new segmented products to meet diverse customer needs, thereby enhancing its core competitiveness[36] Market and Competitive Position - The company maintained a stable development in its main business despite a challenging market environment, with steady growth in pharmaceutical and fiber intermediates[26] - The company aims to enhance the market share of new products such as aminophenol and heat-sensitive dyes, increasing their competitiveness[73] - The company is exploring potential mergers and acquisitions to enhance its product portfolio, with a focus on acquiring smaller competitors in the industry[114] Governance and Compliance - The company has maintained a continuous relationship with the auditing firm Ruihua CPA for three years, with an audit fee of 400,000 RMB[91] - The company has not faced any penalties from the China Securities Regulatory Commission or other relevant authorities, ensuring compliance with the Company Law and Articles of Association[146] - The board of directors consists of 9 members, including 3 independent directors, fulfilling legal requirements for governance[166] Employee and Management Structure - The total number of employees in the parent company is 752, with 487 in production roles, 167 in technical roles, and 24 in sales[159] - The company has established a comprehensive salary management system to motivate employees, considering both short-term and long-term interests[161] - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1.8895 million[157] Risks and Challenges - The company acknowledges potential risks, including macroeconomic policy risks and market demand fluctuations due to slow global economic recovery[77] - The company reported a significant decline in operating net profit in 2015 due to unfavorable market conditions, indicating a challenging economic environment ahead[78]
建新股份(300107) - 2015 Q3 - 季度财报
2015-10-23 16:00
Financial Performance - Total operating revenue for the reporting period was ¥93,308,501.86, a decrease of 10.27% year-on-year[7]. - Net profit attributable to shareholders was ¥3,937,015.31, down 33.70% compared to the same period last year[7]. - Basic earnings per share decreased by 50.00% to ¥0.01, while diluted earnings per share also fell by 50.00% to ¥0.01[7]. - The weighted average return on net assets was 0.45%, a decline of 35.96% year-on-year[7]. - The company reported a net cash flow from operating activities of ¥59,723,994.06, down 28.61% from the previous year[7]. - For the first nine months of 2015, the net profit attributable to shareholders was CNY 14.76 million, a decrease of 60.58% compared to the same period last year[19]. - The company's sales revenue for the first nine months of 2015 was CNY 93.31 million, a decrease of 10.27% year-on-year[22]. - The company's revenue and operating profit significantly decreased due to a decline in product prices and sales volume amid a sluggish global economy[23]. - Total operating revenue for Q3 2015 was CNY 93,308,501.86, a decrease of 10.5% compared to CNY 103,982,307.97 in the same period last year[40]. - Net profit for Q3 2015 was CNY 3,937,015.31, a decline of 33.8% from CNY 5,938,067.55 in Q3 2014[41]. - The total comprehensive income attributable to the parent company for the third quarter was CNY 14,763,600.78, compared to CNY 37,455,045.85 in the previous period, representing a decrease of approximately 60.6%[46]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥930,763,480.90, an increase of 1.86% compared to the end of the previous year[7]. - The total amount of raised funds is 604.07 million yuan, with 519.15 million yuan already utilized[30]. - The total liabilities increased, with pre-receipts rising by 104.77% to CNY 2.91 million, reflecting sales contract fulfillment[20]. - Total liabilities as of Q3 2015 amounted to CNY 48,427,007.02, a slight decrease from CNY 49,880,557.08 in the previous year[39]. - The company's total assets reached CNY 930,763,480.90 as of Q3 2015, compared to CNY 913,761,676.19 in the previous year[39]. Cash Flow - Cash inflow from operating activities totaled CNY 191,013,082.94, a decrease from CNY 240,560,731.19 in the previous period, reflecting a decline of about 20.6%[48]. - The net cash flow from operating activities was CNY 59,723,994.06, down 28.6% from CNY 83,662,225.69 in the prior year[49]. - Cash outflow from investment activities was CNY 136,912,964.03, compared to CNY 182,042,457.43 in the previous period, showing a reduction of approximately 24.8%[49]. - The net cash flow from investment activities was -CNY 58,348,391.93, an improvement from -CNY 108,103,694.49 in the same period last year[49]. - Cash inflow from financing activities was CNY 11,798,564.40, an increase from CNY 7,296,582.30 in the previous period[50]. - The net cash flow from financing activities was -CNY 1,944,962.14, an improvement compared to -CNY 10,542,029.57 in the same period last year[50]. Market and Operational Risks - The company faces macroeconomic policy risks and market risks due to slow global economic recovery affecting international market demand[10]. - There is a risk of core technical personnel shortages, which may adversely impact future development[10]. - The company is actively addressing environmental risks related to groundwater pollution in the vicinity of its operations[11]. Shareholder Information - The total number of shareholders at the end of the reporting period was 30,099, with the largest shareholder holding 40.01% of the shares[12]. - The company’s major shareholder announced a plan to increase their stake in the company with a minimum investment of CNY 25,000,000[32]. Investment and Development - Research and development investment totaled approximately 3.42 million yuan, focusing on new product development and process improvements, which are expected to enhance product quality and reduce costs[24]. - The company aims to expand its market presence in new products such as amino sulfone and ODB while maintaining its market advantage in existing products[22]. - The company continues to explore new products and industries to enhance profitability and expand its business framework[22]. - The company is currently in the market expansion phase for new products like aminophenol and sulfone, which have low gross margins but are gaining market share[23]. - The company plans to adopt more aggressive operational measures in the fourth quarter to achieve its annual business objectives[24].