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同大股份(300321) - 2019 Q3 - 季度财报
2019-10-22 16:00
Financial Performance - Net profit attributable to shareholders increased by 39.13% year-on-year to ¥8,887,401.61, while revenue decreased by 4.13% to ¥106,329,544.22[8] - The basic earnings per share rose by 39.22% to ¥0.1001, reflecting improved profitability[8] - The net profit for the third quarter was CNY 8,887,401.61, an increase of 39.2% compared to CNY 6,387,707.06 in the previous year[33] - The total profit for the quarter was CNY 10,254,405.61, up from CNY 7,320,344.83, reflecting a growth of 40.5%[32] - The operating profit for the quarter was CNY 10,251,207.56, up from CNY 7,378,064.83, indicating a growth of 38.4%[32] Cash Flow - The net cash flow from operating activities showed a significant increase of 984.60%, amounting to ¥60,890,114.53[8] - Net cash flow from operating activities for the period was 60.89 million yuan, an increase of 984.60% compared to the same period last year, mainly due to reduced cash payments for goods and services[18] - The company achieved a net cash flow from operating activities of CNY 230,237,327.40, slightly down from CNY 230,538,192.87 in the previous year[39] - The net cash flow from operating activities for Q3 2019 was ¥60,890,114.53, a significant increase compared to ¥5,614,051.57 in Q3 2018, representing a year-over-year growth of approximately 982%[40] - The cash outflow for operating activities totaled ¥201,384,792.70, down from ¥289,905,439.22 in Q3 2018, showing improved cash management[40] Assets and Liabilities - Total assets at the end of the reporting period reached ¥737,486,723.43, an increase of 0.39% compared to the end of the previous year[8] - The company's net assets attributable to shareholders increased by 3.37% to ¥637,107,994.36[8] - Total liabilities decreased to 100.38 million yuan from 118.30 million yuan at the end of 2018[28] - Cash and cash equivalents at the end of the period grew by 53.01% to ¥180,770,200, mainly due to reduced cash payments for purchases[16] - The total cash and cash equivalents at the end of Q3 2019 reached ¥178,770,195.15, a significant increase from ¥57,137,312.70 at the end of Q3 2018[41] Investment and Expenses - Investment income for the period was 1.34 million yuan, a year-on-year increase of 504.76%, primarily driven by increased wealth management returns[17] - The company reported an investment income of CNY 1,035,671.23, compared to CNY 178,000.00 in the previous year, marking a significant increase[32] - Research and development expenses were CNY 16,875,727.21, slightly down from CNY 17,250,606.92, showing a decrease of 2.2%[36] - Financial expenses for the period amounted to -3.02 million yuan, a year-on-year decrease of 5148.23%, mainly due to increased foreign exchange gains and bank interest income[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,325[12] - The top shareholder, Shandong Tongda Group Co., Ltd., holds 32.86% of the shares, with 25,720,000 shares pledged[12] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[32] Compliance and Audit - The company has no overdue commitments or violations regarding external guarantees during the reporting period[21] - The company did not undergo an audit for the Q3 report, which may affect the perception of financial reliability[42] - The company has not applied new financial instrument standards or new revenue standards for the current reporting period[42]
同大股份(300321) - 2019 Q2 - 季度财报
2019-08-21 16:00
Financial Performance - Total revenue for the reporting period was CNY 227,585,976.27, a decrease of 0.60% compared to the same period last year[26]. - Net profit attributable to shareholders increased by 48.06% to CNY 17,224,674.90 from CNY 11,633,815.91 in the previous year[26]. - Basic earnings per share rose by 48.09% to CNY 0.1940, up from CNY 0.1310[26]. - The total profit reached RMB 20.49 million, representing a year-on-year increase of 49.51%[49]. - Net profit attributable to shareholders was RMB 17.22 million, up 48.06% compared to the previous year[49]. - The company achieved operating revenue of RMB 227.59 million, a year-on-year decrease of 0.6%[49]. - The gross profit margin for the ultra-fiber base cloth product was 23.68%, an increase of 8.35% year-on-year[52]. Cash Flow and Investments - Net cash flow from operating activities surged by 446.01% to CNY 35,663,875.53, compared to CNY 6,531,702.17 in the same period last year[26]. - Cash flow from operating activities increased significantly to RMB 35.66 million, a 446.01% rise[50]. - The net cash flow from investment activities was -¥9,481,189.93 in the first half of 2019, an improvement compared to -¥12,537,979.17 in the same period of 2018[132]. - Cash inflow from investment activities increased significantly to ¥20,645,013.70 in 2019 from ¥5,244,020.83 in 2018, marking an increase of approximately 294%[132]. - The cash received from the disposal of fixed assets and other long-term assets was ¥538,000.00 in 2019, compared to ¥200,000.00 in 2018, indicating a growth of 169%[132]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 726,840,484.46, a decrease of 1.06% from the previous year-end[26]. - Total liabilities were CNY 98,619,891.71, down from CNY 118,297,424.82 year-on-year[123]. - The total equity attributable to shareholders of the parent company increased to CNY 628,220,592.75 from CNY 616,323,917.85[123]. Market Position and Strategy - The company has a notable market presence in the mid-to-high-end segment of the synthetic leather market, with exports to Europe, America, and Southeast Asia[38]. - The company is positioned to benefit from the ongoing transition in the synthetic leather industry, as lower-grade artificial leather production faces increasing restrictions[36]. - The company plans to continue investing in new product development to meet market demands despite facing challenges in talent retention and market competition[9]. - The company operates an internationally advanced production line for synthetic leather, focusing on modernization and cost reduction through continuous equipment upgrades[42]. Research and Development - The company has invested heavily in R&D, increasing its technological innovation capabilities and establishing a strong R&D team to support product development[41]. - Research and development investment amounted to RMB 10.96 million, a decrease of 4.77% year-on-year[49]. - The company is focusing on technology innovation to meet new market demands and enhance product offerings[48]. Risks and Challenges - The company faces risks related to raw material price fluctuations, which could impact gross margins and profitability[7]. - Accounts receivable increased by 59.75% to CNY 80,279,858.21, raising concerns about potential bad debts[8]. - The company plans to continue investing in environmental management systems to comply with national regulations, aiming to mitigate safety and environmental risks[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 7,715[104]. - The company has a total of 88,800,000 shares, with 6.82% being limited shares and 93.18% being unrestricted shares[102]. - The largest shareholder, Shandong Tongda Group Co., Ltd., holds 32.86% of the shares, totaling 29,180,769 shares[104]. Compliance and Governance - The company has not experienced any major litigation or arbitration matters during the reporting period, reflecting a stable legal environment[80]. - The company has not reported any major environmental violations, adhering strictly to environmental protection laws[95]. - The company has not engaged in any significant mergers or acquisitions during the reporting period, maintaining its current operational structure[89].
同大股份(300321) - 2019 Q1 - 季度财报
2019-04-17 16:00
Financial Performance - Total revenue for the first quarter was CNY 87,186,754.77, a decrease of 12.36% compared to the same period last year[7]. - Net profit attributable to shareholders increased significantly to CNY 5,131,074.61, representing a growth of 1,689.83% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was CNY 4,089,566.26, a substantial improvement from a loss of CNY 457,694.07 in the previous year[7]. - The basic earnings per share rose to CNY 0.0578, up 1,706.25% from CNY 0.0032 in the same quarter last year[7]. - Total operating revenue for Q1 2019 was ¥87,186,754.77, a decrease of 12.3% compared to ¥99,484,601.69 in the previous period[39]. - Net profit for Q1 2019 was ¥5,131,074.61, significantly up from ¥286,678.69 in the same period last year, marking an increase of 1681.5%[41]. - Earnings per share (EPS) increased to ¥0.0578 from ¥0.0032, representing a growth of 1712.5%[42]. Expenses and Costs - Sales expenses decreased by 35.97% year-on-year, primarily due to reduced export business commissions[15]. - Financial expenses dropped by 91.05% compared to the previous year, mainly due to exchange losses from currency fluctuations last year[15]. - Total operating costs decreased to ¥82,369,807.71 from ¥100,029,303.14, reflecting a reduction of 17.7%[39]. - Research and development expenses decreased to ¥4,517,231.09 from ¥5,178,050.03, a reduction of 12.8%[39]. - Sales expenses decreased to ¥1,194,868.89 from ¥1,866,053.65, a decline of 36%[39]. Assets and Liabilities - The company's total assets decreased by 1.77% to CNY 721,584,560.89 compared to the end of the previous year[7]. - As of March 31, 2019, the company's total assets amounted to CNY 721,584,560.89, a decrease from CNY 734,621,342.67 at the end of 2018[35]. - The company's cash and cash equivalents decreased to CNY 97,492,930.96 from CNY 118,139,266.04 at the end of 2018, representing a decline of approximately 17.0%[35]. - Accounts receivable increased to CNY 94,953,662.97 from CNY 109,158,883.40, with accounts receivable specifically rising from CNY 50,253,731.96 to CNY 63,563,665.16, indicating a growth of about 26.6%[35]. - Inventory levels rose to CNY 97,478,480.93, up from CNY 78,731,211.83, reflecting an increase of approximately 23.8%[35]. - Current liabilities decreased to CNY 85,118,871.47 from CNY 102,697,104.51, a reduction of about 17.2%[37]. - The company's total liabilities decreased to CNY 100,129,568.43 from CNY 118,297,424.82, indicating a decline of approximately 15.3%[37]. - The equity attributable to owners remained stable at CNY 88,800,000.00, with capital reserves unchanged at CNY 238,063,314.26[37]. Cash Flow - The net cash flow from operating activities was negative at CNY -15,777,931.38, worsening by 15.77% compared to the previous year[7]. - Cash flow from operating activities showed a net outflow of ¥15,777,931.38, worsening from a net outflow of ¥13,628,448.18 in the previous period[45]. - The net cash flow from investment activities was -3,122,555.68, compared to -5,107,000.00 in the previous period[46]. - The net increase in cash and cash equivalents was -19,113,571.28, down from -21,951,076.39 in the previous period[46]. - The ending balance of cash and cash equivalents was 87,492,930.96, compared to 100,115,593.93 at the end of the previous period[46]. Market Strategy and Risks - The company adopted a production strategy based on sales, resulting in a diversified order situation characterized by a large number of small orders, primarily focusing on ultra-fine leather and ultra-fine synthetic leather[17]. - The total procurement amount from the top five suppliers decreased by 7% compared to the same period last year, maintaining stability without adverse effects on future operations[18]. - The sales revenue from the top five customers accounted for 1.6% less of the total operating income compared to the previous year, indicating stable customer concentration with no negative impact on future operations[19]. - The company is actively seizing market opportunities and integrating existing resources to enhance operational efficiency and market competitiveness, aiming for sustainable development[20]. - The company faces risks from exchange rate fluctuations, particularly with the potential volatility of the RMB against the USD, which could impact profitability; measures include various settlement methods to mitigate exchange losses[21]. - Increased safety and environmental risks due to stricter government regulations may raise production costs, potentially affecting profitability; the company is committed to complying with safety and environmental laws[22]. - The company has established a comprehensive safety and environmental management system to ensure compliance with national standards and regulations[23]. Corporate Governance - The company has committed to not establishing any new subsidiaries or holding companies with similar business scopes to avoid competition[28]. - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[30][31]. - The company has adhered to its commitments regarding profit distribution, ensuring that cash dividends will not be less than 20% of the distributable profits for the year[29]. - The company reported a tax expense of ¥911,176.39, compared to ¥44,352.52 in the previous period, indicating a significant increase in tax obligations[41].
同大股份(300321) - 2018 Q4 - 年度财报
2019-04-17 16:00
Financial Performance - The company's operating revenue for 2018 was ¥469,213,838.72, representing a 7.43% increase compared to ¥436,750,584.30 in 2017[23]. - The net profit attributable to shareholders for 2018 was ¥28,798,197.26, up 17.62% from ¥24,484,663.33 in 2017[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥25,014,907.28, a 31.50% increase from ¥19,023,058.93 in 2017[23]. - The net cash flow from operating activities increased by 56.07% to ¥39,117,985.19 in 2018 from ¥25,064,866.44 in 2017[23]. - The total assets at the end of 2018 were ¥734,621,342.67, a 1.81% increase from ¥721,589,835.65 at the end of 2017[23]. - The net assets attributable to shareholders at the end of 2018 were ¥616,323,917.85, reflecting a 3.96% increase from ¥592,853,720.59 at the end of 2017[23]. - The company's total cash and cash equivalents decreased by ¥15.46 million, a reduction of 45.22% year-on-year[58]. - The company reported a total comprehensive income of 28,798,197.26 CNY for the year[183]. Dividend Distribution - The company reported a profit distribution plan of 0.60 RMB per 10 shares for all shareholders, based on a total of 88,800,000 shares[12]. - The cash dividends in 2018, 2017, and 2016 were consistent, indicating a stable dividend policy despite fluctuations in net profit percentages[76]. - In 2018, the cash dividend amount was 5,328,000, representing 18.50% of the net profit attributable to ordinary shareholders[76]. - The total cash dividend for 2018 represents a consistent policy aligned with the company's charter and shareholder interests[72]. Environmental Compliance - The company has established a comprehensive environmental management system to comply with national environmental laws and regulations, with no major safety or environmental violations reported during the reporting period[7]. - The company emphasizes the importance of adhering to environmental laws and regulations to reduce safety and environmental risks in its operations[9]. - The company aims to maintain compliance with environmental regulations while managing production costs effectively[9]. - The company has invested significantly in upgrading its boiler system for three consecutive years to meet environmental standards, mitigating risks related to energy supply[11]. Market and Industry Position - The company operates in the ecological ultra-fiber synthetic leather industry, which is experiencing growth due to increasing environmental regulations and demand for high-fidelity materials[31]. - The ecological ultra-fiber synthetic leather is positioned as a substitute for natural leather and early-generation synthetic leathers, with significant growth potential in various applications[33]. - The company is recognized as a leading player in the ultra-fiber synthetic leather industry, alongside competitors like Huafeng Super Fiber and Shuangxiang Co., Ltd[32]. - The company expanded its market presence, with overseas sales accounting for 37.00% of total revenue, amounting to CNY 173.64 million, a 4.53% increase from the previous year[46]. Research and Development - R&D investment amounted to ¥24.07 million, up 9.35% year-on-year, accounting for 5.13% of total operating revenue[54]. - The company holds 10 core patented technologies and has participated in the formulation of 16 national and industry standards[36]. - The company completed 4 patent applications and received over CNY 1 million in government support and awards[40]. - The company completed the optimization of 8 mainstream product processes and developed 9 new products during the reporting period[54]. Risk Management - The company is closely monitoring raw material prices, which are influenced by supply-side reforms and economic cycles, to mitigate potential cost pressures[10]. - The company plans to continue exploring energy supply solutions to address potential risks associated with energy sourcing and costs[11]. - The company is prepared to engage in forward foreign exchange transactions to hedge against currency fluctuations that could impact its financial performance[6]. - The company’s risk management strategy includes monitoring foreign currency exposure to mitigate potential financial impacts[200]. Corporate Governance - The company has established a robust governance structure with independent committees for strategy, remuneration, audit, and nominations[135]. - The company has a clear and transparent information disclosure policy, ensuring timely and accurate communication with investors[136]. - The company maintains effective internal controls over financial reporting as of December 31, 2018, with no significant deficiencies identified[150]. - The audit opinion for the financial statements was a standard unqualified opinion, indicating fair representation of the company's financial position and results for the year ended December 31, 2018[156]. Employee and Management Information - The total number of employees in the company is 582, with 387 in production, 16 in sales, 102 in technical roles, 7 in finance, and 70 in administration[129]. - The total remuneration for directors, supervisors, and senior management in 2018 amounted to 2.4621 million yuan[128]. - The company has implemented a comprehensive talent management system, including internal and external training programs to enhance employee skills[131]. - The company’s board of directors consists of nine members, including three independent directors, ensuring compliance with relevant laws and regulations[135].
同大股份(300321) - 2018 Q3 - 季度财报
2018-10-25 16:00
Financial Performance - Operating revenue for the reporting period was ¥110,915,161.81, reflecting a year-on-year growth of 6.94%[7] - Net profit attributable to shareholders was ¥6,387,707.06, representing a significant increase of 20.21% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥5,705,201.68, up 87.35% compared to the same period last year[7] - Basic earnings per share for the reporting period were ¥0.0719, an increase of 20.23% year-on-year[7] - The company reported a total comprehensive income of CNY 6,387,707.06 for Q3 2018, compared to CNY 5,313,853.62 in the same period last year[37] - The total comprehensive income for the third quarter was CNY 18,021,522.97, compared to CNY 14,949,170.60 in the same period last year, representing a year-over-year increase of approximately 20.5%[40] - Basic and diluted earnings per share increased to CNY 0.2029 from CNY 0.1683, reflecting a growth of about 20.6%[40] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥5,614,051.57, showing a remarkable increase of 196.42%[15] - Cash inflows from operating activities totaled CNY 295,519,490.79, up from CNY 238,876,986.36 in the previous year, indicating an increase of approximately 23.7%[43] - The net cash flow from operating activities was CNY 5,614,051.57, a significant improvement from a net outflow of CNY 5,822,724.83 in the same period last year[43] - Cash outflows from investing activities amounted to CNY 64,237,108.74, down from CNY 146,241,151.91, showing a reduction of about 56.1%[43] - The total cash outflow for financing activities was CNY 4,789,702.03, reduced from CNY 10,278,967.95, indicating a decrease of approximately 53.4%[44] Assets and Liabilities - Total assets at the end of the reporting period reached ¥734,642,194.72, an increase of 1.81% compared to the end of the previous year[7] - The company’s total equity attributable to shareholders was CNY 605,547,243.56, up from CNY 592,853,720.59 year-on-year[33] - Total liabilities were CNY 129,094,951.16, slightly up from CNY 128,736,115.06 year-on-year[33] - Accounts receivable and notes receivable at the end of the period amounted to 103.49 million yuan, an increase of 75.21% compared to the beginning of the year, mainly due to extended payment terms for key customers[17] - Inventory levels rose to 99,555,960.34 yuan compared to 94,513,686.64 yuan at the start of the period[31] Shareholder Information - The company reported a total of 7,159 common shareholders at the end of the reporting period[11] - The largest shareholder, Shandong Tongda Group Co., Ltd., held 32.86% of the shares[11] - The company maintained a strict cash dividend policy, ensuring clarity in distribution standards and decision-making processes[23] - The company reported a cash dividend of 0.6 yuan per 10 shares, totaling 5,328,000 yuan (including tax) distributed to shareholders[24] Expenses and Impairments - Financial expenses for the current period were 0.77 million yuan, a decrease of 95.29% year-on-year, mainly due to reduced bank fees and increased interest income[17] - Asset impairment losses for the current period amounted to 1.96 million yuan, a year-on-year increase of 32.05%, primarily due to increased bad debt provisions for accounts receivable[17] - Research and development expenses for Q3 2018 were CNY 5,738,148.58, an increase from CNY 5,224,405.25 in Q3 2017[34] Tax and Other Financial Metrics - Tax payable at the end of the period was 3.37 million yuan, an increase of 196.96% compared to the beginning of the year, mainly due to increased tax liabilities[17] - The company received CNY 10,861,386.42 in tax refunds, compared to CNY 4,172,199.01 in the previous year, marking an increase of about 160.4%[42] - Other payables at the end of the period amounted to 2.04 million yuan, a year-on-year increase of 59.61%, mainly due to increased unpaid dividends[17] - Foreign exchange losses for the current period were -0.0522 million yuan, a year-on-year increase of 98.81%, primarily due to fluctuations in the US dollar exchange rate[17] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[34]
同大股份(300321) - 2018 Q2 - 季度财报
2018-08-21 16:00
Financial Performance - Total revenue for the reporting period was ¥228,969,027.22, an increase of 1.71% compared to ¥225,115,163.85 in the same period last year[18]. - Net profit attributable to shareholders was ¥11,633,815.91, representing a growth of 20.74% from ¥9,635,316.98 year-on-year[18]. - Net profit after deducting non-recurring gains and losses was ¥10,574,675.78, up 34.26% from ¥7,876,148.70 in the previous year[18]. - Basic earnings per share increased to ¥0.1310, a rise of 20.74% compared to ¥0.1085 in the same period last year[18]. - Operating profit for the current period is ¥12,952,057.54, up from ¥10,335,463.40, indicating a growth of approximately 25.5%[114]. - Cash flow from operating activities generated a net amount of ¥6,531,702.17, slightly down from ¥6,667,579.21 in the previous period[117]. - The comprehensive income for the current period amounts to CNY 11,633,815.91, indicating a significant increase compared to the previous period's comprehensive income[121]. Assets and Liabilities - Total assets at the end of the reporting period were ¥745,113,649.40, reflecting a 3.26% increase from ¥721,589,835.65 at the end of the previous year[18]. - The total liabilities of the company were RMB 145,954,112.90, compared to RMB 128,736,115.06 at the beginning of the period, marking an increase of about 13.4%[110]. - The company's equity attributable to shareholders reached RMB 599,159,536.50, slightly up from RMB 592,853,720.59, indicating a growth of approximately 1.1%[111]. - The cash and cash equivalents decreased to RMB 141,068,701.89 from RMB 149,162,294.12, indicating a decline of about 5.4%[108]. Cash Flow - The company reported a net decrease in cash and cash equivalents of ¥8,204,564.23, a significant improvement of 92.90% from a decrease of ¥115,495,198.84 in the previous year[40]. - Cash flow from investing activities resulted in a net outflow of ¥12,537,979.17, an improvement from a net outflow of ¥110,867,202.51 in the previous period[118]. Research and Development - Research and development expenses grew by 6.61% to ¥11,512,458.34, up from ¥10,798,549.56 year-on-year[40]. - The company has received recognition as a provincial-level enterprise technology center and engineering technology research center, highlighting its R&D capabilities[32]. - The company has established a large customer strategy, focusing on developing major clients and enhancing customer satisfaction and loyalty[37]. Market Position and Strategy - The company's main business includes the production and sale of eco-friendly ultra-fine synthetic leather, primarily used in footwear, furniture, sports goods, and automotive interiors[26]. - The company has achieved a significant market presence, exporting products to Europe, America, and Southeast Asia, with a recognized brand in the ultra-fine leather sector[29]. - The company plans to continue expanding its market presence and is focused on developing new materials and technologies to enhance its product offerings[126]. - The company has implemented strategies for market expansion, including potential mergers and acquisitions to strengthen its competitive position[126]. Risks and Challenges - The company faces risks related to accounts receivable, exchange rate fluctuations, management, and rising costs of raw materials[4]. - The company plans to enhance management and technology investments to mitigate these risks[57]. Corporate Governance - The company has made commitments regarding share transfers, ensuring that no more than 25% of their directly and indirectly held shares will be transferred during their tenure[62]. - The company has strictly fulfilled its commitments made during the initial public offering and refinancing, including restrictions on share transfers for a period of six months post-employment[63]. - The company has committed to not engaging in similar business activities as its listed company to avoid potential competition, and this commitment has been strictly adhered to[64]. Compliance and Regulations - The company does not belong to the key pollutant discharge units as per environmental protection regulations[84]. - The company has not faced any penalties or corrective actions during the reporting period[71]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[129]. Accounting Policies - The company has specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[131]. - The company applies an aging analysis method for bad debt provision, with rates of 5% for receivables within 1 year, 10% for 1-2 years, 20% for 2-3 years, 50% for 3-4 years, and 100% for 4-5 years[167]. - The company utilizes the straight-line method for depreciation of fixed assets, with building depreciation rates ranging from 2.11% to 4.75% over 20-45 years[181].
同大股份(300321) - 2018 Q1 - 季度财报
2018-04-19 16:00
Financial Performance - Total revenue for Q1 2018 was ¥99,484,601.69, a decrease of 1.88% compared to ¥101,392,146.91 in the same period last year[8] - Net profit attributable to shareholders was ¥286,678.69, down 92.85% from ¥4,009,028.61 year-on-year[8] - Basic and diluted earnings per share were both ¥0.0032, a decline of 92.90% from ¥0.0451 in the same period last year[8] - The company's operating revenue for the reporting period was 99.48 million yuan, a decrease of 1.88% compared to the same period last year[24] - Net profit attributable to shareholders decreased by 92.85% to 286,700 yuan, primarily due to significant foreign exchange losses from fluctuations in the USD/RMB exchange rate[22] - The total comprehensive income attributable to the parent company for the first quarter was CNY 286,678.69, compared to CNY 4,009,028.61 in the previous period[46] Cash Flow - Net cash flow from operating activities was -¥13,628,448.18, worsening by 151.57% compared to -¥5,417,262.48 in the previous year[8] - Cash inflow from operating activities totaled CNY 95,023,305.43, an increase from CNY 61,909,032.34 in the previous period[47] - Cash outflow from operating activities was CNY 108,651,753.61, compared to CNY 67,326,294.82 in the previous period, resulting in a net cash flow from operating activities of CNY -13,628,448.18[49] - Cash outflow from investment activities was CNY 5,107,000.00, significantly reduced from CNY 97,203,341.20 in the previous period, leading to a net cash flow from investment activities of CNY -5,107,000.00[49] - The company reported a net cash flow from financing activities of CNY -1,398,967.95, indicating a decrease in cash from financing[50] Assets and Liabilities - Total assets at the end of the reporting period were ¥728,853,472.03, an increase of 1.01% from ¥721,589,835.65 at the end of the previous year[8] - Current assets totaled CNY 365,355,204.73, up from CNY 353,567,084.62 at the start of the year, indicating a growth of 3.0%[40] - Total liabilities rose to CNY 135,713,072.75, up from CNY 128,736,115.06, which is an increase of 5.0%[42] - The company's cash and cash equivalents decreased to CNY 126,494,369.73 from CNY 149,162,294.12, a decline of 15.2%[40] Accounts Receivable and Inventory - Accounts receivable increased by 63.15% compared to the beginning of the period, raising concerns about timely collection[13] - Accounts receivable grew by 63.15% from the beginning of the year, due to increased advance payments to major customers[24] - Inventory increased to CNY 105,312,097.38, compared to CNY 94,513,686.64 at the beginning of the year, marking an increase of 11.4%[40] Expenses - Sales expenses increased by 63.16% year-on-year, mainly due to higher commissions from export business[22] - Financial expenses surged by 846.81% compared to the previous year, primarily due to foreign exchange losses[22] - Total operating costs increased to CNY 100,029,303.14, up 2.8% from CNY 97,778,317.59 year-on-year[44] Risk Management - The company faces foreign exchange risk due to fluctuations in the USD/CNY exchange rate, which could impact export profits[11] - The management team is focusing on enhancing credit management and risk control to mitigate the impact of increased accounts receivable[13] - The company aims to control exchange rate risks through forward foreign exchange settlements and financial management strategies[28] Government Support and Investments - The company reported government subsidies of ¥874,923.36 included in non-recurring gains and losses[9] - The company plans to enhance research and development investments to improve product lines and maintain competitive advantage in the market[30] Miscellaneous - The first quarter report was not audited, which may affect the reliability of the financial data presented[51] - The company has not conducted any repurchase transactions among its top shareholders during the reporting period[17] - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[36]
同大股份(300321) - 2017 Q4 - 年度财报
2018-04-19 16:00
Financial Performance - In 2017, the company's operating revenue was CNY 436,750,584.30, a slight increase of 1.00% compared to CNY 432,414,286.95 in 2016[19] - The net profit attributable to shareholders decreased by 26.12% to CNY 24,484,663.33 from CNY 33,140,398.09 in the previous year[19] - The net profit after deducting non-recurring gains and losses fell by 37.45% to CNY 19,023,058.93 compared to CNY 30,411,098.74 in 2016[19] - The net cash flow from operating activities significantly decreased by 69.52% to CNY 25,064,866.44 from CNY 82,222,896.18 in 2016[19] - The basic earnings per share decreased by 26.13% to CNY 0.2757 from CNY 0.3732 in the previous year[19] - The weighted average return on net assets was 4.19%, down from 5.84% in 2016, indicating a decline in profitability[19] - The gross profit margin for the artificial leather industry was 18.62%, a decrease of 2.10% compared to the previous year[47] - The company reported a net cash decrease of CNY 28.22 million, primarily due to investment activities and exchange rate fluctuations[59] Revenue and Sales - The company's total revenue for Q1, Q2, Q3, and Q4 were approximately 101.39 million, 123.72 million, 98.61 million, and 113.03 million respectively, indicating a fluctuation in quarterly performance[21] - The revenue from ultra-fiber suede leather increased by 13.50% to ¥137.43 million, while the revenue from ultra-fiber glossy leather decreased by 7.46% to ¥166.90 million[45] - The company achieved a 15.46% increase in revenue from foreign markets, totaling approximately ¥166.13 million[45] - The company produced 1,332.68 million square meters of artificial leather in 2017, an increase of 4.58% from 2016, while sales volume decreased by 4.75% to 1,318.53 million square meters[48] Assets and Liabilities - The total assets at the end of 2017 were CNY 721,589,835.65, reflecting a 6.48% increase from CNY 677,680,274.97 at the end of 2016[19] - The total liabilities increased to CNY 128,736,115.06, up from CNY 100,431,217.71, indicating a growth of 28.1%[187] - The total current assets increased to RMB 353,567,084.62 from RMB 314,082,615.13, reflecting a growth of approximately 12.6%[184] - The company's cash and cash equivalents decreased slightly to RMB 149,162,294.12 from RMB 150,288,009.73, a decline of approximately 0.75%[184] Investment and Capital Expenditure - The total amount of cash outflow from investment activities was CNY 176.91 million, a 2,247.35% increase from the previous year[59] - The company reported a total cash inflow from investment activities of CNY 136,985,372.76, significantly higher than CNY 60,674.00 in the previous year[194] - The company has committed to ongoing investments in new projects, with a total of 14,361.94 million allocated for various initiatives[68] - The company is currently constructing a non-woven fabric production line, with in-progress construction valued at 21,458,550.57, representing 2.97% of total assets[63] Research and Development - The company developed 16 new products and improved 8 existing technologies during the reporting period, with 3 patents filed and participation in drafting 4 industry standards[38] - Research and development expenses amounted to CNY 22.01 million, accounting for 5.04% of total revenue, with four projects completed and launched in the market[56] Market Position and Strategy - The company is positioned as a leader in the ecological ultra-fine fiber synthetic leather industry, with 10 core patents and participation in the formulation of 13 national and industry standards[30] - The ecological ultra-fine fiber synthetic leather market is expected to grow significantly due to increasing environmental regulations and the decline of lower-grade synthetic leather production[29] - The company maintains a strong market presence in both domestic and international markets, exporting products to Europe, America, and Southeast Asia[30] Shareholder and Dividend Information - The company implemented a cash dividend policy, distributing a total cash dividend of 5,328,000 CNY (including tax) for the fiscal year 2017, which is 21.76% of the net profit attributable to shareholders[85] - The cash dividend for 2017 was set at 0.60 CNY per 10 shares, based on a total share capital of 88,800,000 shares[82] - The company has a policy that cash dividends should account for at least 80% of the profit distribution in the mature development stage[83] Corporate Governance and Compliance - The company has maintained a good integrity status, with no outstanding court judgments or significant debts due[100] - The company has not engaged in any major litigation or arbitration matters during the reporting period[98] - The company has established independent financial, operational, and governance structures, ensuring compliance with relevant laws and regulations[153] - The audit opinion for the financial statements was a standard unqualified opinion, confirming that the financial statements fairly reflect the company's financial position and operating results[171] Employee and Management Information - The total number of employees in the parent company is 651, with 456 in production, 16 in sales, 102 in technical roles, 7 in finance, and 70 in administration[144] - The company has a structured salary system based on internal equity, external comparison, and fairness among personnel and positions[145] - The management team includes professionals with qualifications such as EMBA and CPA, indicating a strong financial oversight capability[138] Risk Management - The company plans to implement measures to mitigate foreign exchange risks due to fluctuations in the USD/CNY exchange rate[6] - The management emphasized the importance of internal controls in ensuring the accuracy of financial reporting and revenue recognition[176]
同大股份(300321) - 2017 Q3 - 季度财报
2017-10-25 16:00
Financial Performance - Operating revenue for the reporting period was ¥103,719,259.65, reflecting a growth of 5.19% year-on-year[7] - Net profit attributable to shareholders decreased by 39.15% to ¥5,313,853.62 compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 62.88% to ¥3,045,257.72[7] - Basic earnings per share were ¥0.0598, down 39.17% from the previous year[7] - The weighted average return on net assets was 0.92%, a decrease of 0.63 percentage points year-on-year[7] - The company forecasts a cumulative net profit decline of approximately 20%-40% compared to the same period last year, primarily due to rising prices of key raw materials since 2017[34] - Net profit for the current period was ¥14,949,170.60, a decrease of 35.5% from ¥23,150,092.14 in the previous period[49] - The company reported a total profit of ¥18,107,271.19, down 33.9% from ¥27,372,683.76 in the previous period[49] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥5,822,724.83, a decline of 112.35% compared to the previous year[7] - Cash flow from operating activities showed a net outflow of ¥5,822,724.83, compared to a net inflow of ¥47,134,157.10 in the previous period[53] - Cash and cash equivalents at the end of the period totaled ¥71,549,692.08, down from ¥113,195,927.77 at the end of the previous period[54] - The company received tax refunds of ¥4,172,199.01, compared to ¥2,089,452.88 in the previous period[53] - The company experienced a foreign exchange loss of ¥2,625,746.99 during the period[54] Assets and Liabilities - Total assets at the end of the reporting period reached ¥723,646,682.72, an increase of 6.78% compared to the previous year[7] - Accounts receivable at the end of the period reached RMB 56.35 million, an increase of 118.58% compared to the beginning of the year, primarily due to extended sales payment terms for key customers[22] - Prepayments at the end of the period totaled RMB 61.27 million, up 78.57% from the beginning of the year, mainly due to rising raw material prices[22] - Other current assets increased by 803.07% to RMB 1.19 million, attributed to the reclassification of uncollected VAT[22] - The company's total liabilities increased to CNY 140,328,454.86 from CNY 100,431,217.71, reflecting a growth of approximately 39.7%[43] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,118[15] - The largest shareholder, Shandong Tongda Group Co., Ltd., held 32.86% of the shares, with 21,210,000 shares pledged[15] - The company did not conduct any repurchase transactions among the top ten shareholders during the reporting period[22] Government Subsidies and Financial Expenses - The company received government subsidies amounting to ¥4,150,270.06 during the reporting period[13] - Financial expenses for the period amounted to RMB 4.54 million, a significant increase of 460.96%, mainly due to exchange losses from the depreciation of the US dollar[23] - Operating income from non-operating activities was RMB 4.66 million, reflecting a year-on-year increase of 135.73%, primarily due to increased government subsidies[23] Dividend Policy - The company strictly implemented its cash dividend policy, distributing a total cash dividend of 8,880,000 yuan (including tax) based on a total share capital of 88,800,000 shares, at a rate of 1 yuan per 10 shares[32]
同大股份(300321) - 2017 Q2 - 季度财报
2017-08-21 16:00
Financial Performance - Total revenue for the reporting period was ¥225,115,163.85, an increase of 3.60% compared to ¥217,291,660.53 in the same period last year[24]. - Net profit attributable to shareholders decreased by 33.17% to ¥9,635,316.98 from ¥14,416,703.73 year-on-year[24]. - Net profit after deducting non-recurring gains and losses fell by 39.39% to ¥7,876,148.70 compared to ¥12,994,814.32 in the previous year[24]. - Net cash flow from operating activities decreased by 28.43% to ¥6,667,579.21 from ¥9,316,412.75 year-on-year[24]. - Basic and diluted earnings per share both decreased by 33.19% to ¥0.1085 from ¥0.1624 in the same period last year[24]. - Operating profit for the period was 9.86 million yuan, while net profit reached 9.64 million yuan[38]. - The company reported a significant increase in financial expenses due to foreign exchange losses, which surged by 348.00%[41]. - The company recorded a decrease in retained earnings of CNY -15,762,000 for the period[131]. Assets and Liabilities - Total assets increased by 1.89% to ¥690,492,585.93 from ¥677,680,274.97 at the end of the previous year[24]. - Net assets attributable to shareholders increased slightly by 0.13% to ¥578,004,374.24 from ¥577,249,057.26 at the end of the previous year[24]. - The company's current assets totaled RMB 325,918,393.49, compared to RMB 314,082,615.13 at the start of the period, reflecting a growth of approximately 3.9%[116]. - The total liabilities of the company were RMB 112,488,211.69, up from RMB 100,431,217.71, representing an increase of approximately 12.3%[117]. - Cash and cash equivalents at the end of the period were ¥34,792,810.89, a significant drop from ¥78,366,753.93 at the end of the previous period, reflecting a decrease of 55.6%[125]. Revenue Sources and Market Performance - The main business includes the production and sales of ultra-fine fiber base cloth and leather, with significant sales contributions from three main product lines[30][31]. - The revenue from overseas markets grew by 24.16% to 77.46 million yuan, compared to 58.75 million yuan in the previous year[44]. - The company has implemented a large customer strategy and focused on key project breakthroughs to enhance its market competitiveness[37]. Research and Development - Research and development investment increased by 32.20% to 10.80 million yuan, up from 8.17 million yuan in the previous year[41]. - The company acknowledges the risk of technological innovation and research and development, as it must keep pace with market demands to maintain its competitive edge[9]. - The company emphasizes the importance of adapting to market trends in its future technology development strategies[9]. - The company plans to enhance its technology innovation mechanism focusing on independent research and development to improve research levels and innovation capabilities[62]. Risk Management - The company faces risks related to potential changes in environmental protection policies, which may increase operational costs and impact performance[7]. - The company has a risk of accounts receivable losses if major clients experience financial difficulties, which could adversely affect cash flow and profit levels[6]. - The company faced risks related to raw material price fluctuations, particularly for polyurethane, nylon chips, and polyethylene, which are influenced by oil prices and market supply-demand dynamics[61]. - The company is focused on maintaining its core competencies while managing the risks of talent outflow and technology leakage[10]. Corporate Governance and Compliance - The company has a history of utilizing raised funds effectively for operational and liquidity needs[52]. - The company has committed to distributing dividends in cash amounting to at least 20% of the distributable profits realized in the year, which has been strictly followed[72]. - The company has not engaged in any entrusted financial management, derivative investments, or entrusted loans during the reporting period[56][57][58]. - The company reported no significant litigation or arbitration matters during the reporting period[75]. - There were no penalties or rectification situations reported during the period[76]. Shareholder Information - The total number of shares outstanding is 88,800,000, with 6,057,726 shares subject to trading restrictions, representing 6.82%[95]. - The largest shareholder, Shandong Tongda Group Co., Ltd., holds 32.86% of the shares, amounting to 29,180,769 shares[99]. Environmental and Social Responsibility - The company invested nearly 5 million yuan in environmental upgrades to meet stricter emission standards[39]. - The company has no significant environmental protection issues and is not listed as a key pollutant unit[91]. - The company did not initiate any poverty alleviation efforts or plans during the reporting period[90].