YueBoo(300742)

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*ST越博(300742) - 2021 Q2 - 季度财报
2021-08-27 16:00
Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a 25% increase compared to the same period in 2020[15]. - The net profit attributable to shareholders for the first half of 2021 was RMB 80 million, an increase of 30% year-on-year[15]. - The company's operating revenue for the reporting period was ¥207,998,741.66, representing a year-on-year increase of 19.29% compared to ¥174,357,828.49 in the same period last year[21]. - The net profit attributable to shareholders was ¥26,599,816.21, a significant increase of 607.21% from ¥3,761,249.35 in the previous year[21]. - The basic earnings per share rose to ¥0.34, up 580.00% from ¥0.05 in the previous year[21]. - The company reported a total revenue of 2,550 million CNY for the first half of 2021, with a year-on-year growth of 51%[75]. - The company reported a total of 888,409 restricted shares at the beginning of the period, with 222,159 shares released during the period, leaving 666,250 restricted shares at the end[152]. - The company reported a net profit of 290.4 million, reflecting a significant increase from the previous year[199]. Market Expansion and Strategy - The company plans to expand its market presence by entering two new provinces by the end of 2021, aiming for a 10% market share in these regions[15]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[15]. - The company has plans for market expansion in the electric vehicle sector, targeting both sales and manufacturing of related products[76]. - The company has identified potential acquisition targets to enhance its market position and product offerings[198]. - The company is pursuing strategic investments in technology consulting and management services, aiming to diversify its business operations[75]. Research and Development - The company has allocated RMB 50 million for research and development in new technologies for the upcoming fiscal year[15]. - The company is focused on the research, development, production, and sales of powertrain systems for new energy vehicles, aiming to become a leader in this sector[29]. - The company has successfully developed multiple core technologies in the field of new energy vehicles, leveraging its industry-leading R&D capabilities[38]. - The company is actively innovating and has introduced new products and technologies in response to market demands and industry trends[38]. - The company is dedicated to enhancing the reliability and performance of its products through rigorous testing and validation processes[42]. Operational Efficiency - The company has reduced management, sales, and R&D expenses significantly, contributing to improved operational efficiency[37]. - The company aims to improve operational efficiency through technological advancements and process optimization[198]. - The company is experiencing seasonal fluctuations in sales, with the first half of the year being a low season and the second half a peak season for product sales[102]. - The company is actively working to improve its supply chain management to mitigate risks associated with raw material price fluctuations and availability[99]. Risks and Challenges - Risks associated with supply chain disruptions and market competition were discussed, with strategies in place to mitigate these risks[4]. - The company is facing risks from policy changes in the new energy vehicle industry, which may affect market demand and operational performance[97]. - Future guidance suggests a cautious outlook due to market volatility and competitive pressures[198]. Shareholder and Governance - The company did not distribute cash dividends or bonus shares for the current fiscal year, focusing on reinvestment[5]. - The company held its annual general meeting on May 19, 2021, with an investor participation rate of 45.51%[110]. - There were changes in the board of directors, with several members, including Zhou Jing and Hou Fushen, leaving due to term expiration on June 22, 2021[111]. - The company has not engaged in any related party transactions during the reporting period[130]. Financial Position - The company's total assets decreased by 2.43% to ¥1,571,754,679.31 from ¥1,610,936,759.49 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 7.43% to ¥384,750,659.22 from ¥358,150,843.01 at the end of the previous year[21]. - The company reported a negative net cash flow from operating activities, indicating liquidity risks that need to be addressed[101]. - The total amount of raised funds is RMB 421,133,532.62, with a net amount after deducting issuance costs of RMB 421,133,532.62[84]. Future Outlook - The management provided guidance for the full year 2021, projecting a revenue growth of 20% to 25%[15]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[198]. - The future outlook remains positive, with projected revenue growth of 10% for the next fiscal year[200].
*ST越博(300742) - 2020 Q4 - 年度财报
2021-04-29 16:00
Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[15]. - The net profit attributable to shareholders was RMB 150 million, an increase of 20% compared to the previous year[15]. - The company's operating revenue for 2020 was ¥333,545,725.89, a decrease of 13.80% compared to ¥386,966,433.79 in 2019[20]. - The net profit attributable to shareholders was ¥8,019,626.33, a significant recovery from a loss of ¥840,642,154.97 in 2019, marking a 100.95% improvement[20]. - The company achieved a net profit of 8,019,626.33 yuan in 2020, a year-on-year increase of 100.95%[40]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the year, representing a growth of 20% compared to the previous year[46]. - The company reported a net loss of 628,024,669.50 yuan for the year 2020, with no cash dividends distributed[162]. - The company has not issued cash dividends or bonus shares in the past three years, maintaining a 0.00% dividend payout ratio[164]. Research and Development - The company plans to invest RMB 200 million in R&D for new energy technologies in 2021, focusing on electric drive systems[15]. - The company has developed multiple core technologies in the field of new energy vehicle powertrains, leveraging its R&D capabilities[43]. - Research and development efforts led to the introduction of 20 new patents related to electric vehicle transmission systems, enhancing the company's competitive edge in the market[47]. - The company has applied for a total of 444 intellectual property rights, with 275 granted as of the end of the reporting period[44]. - The company has developed a five-in-one motor controller for pure electric logistics vehicles, currently in the optimization design phase[105]. - The company is committed to increasing its R&D investment to maintain core competitiveness and innovate its product offerings[148]. Market Expansion and Strategy - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share by 2023[15]. - The company plans to expand its market presence in Europe and North America, targeting a 15% market share in these regions by 2023[46]. - The company is focusing on market expansion in commercial and specialized vehicles, enhancing its competitive position in these sectors[79]. - The company is actively expanding its customer base, reducing reliance on single customers, and has established partnerships with over 100 vehicle model projects[79]. Product Development and Launches - New product launches are expected in Q3 2021, including a next-generation electric drive system[15]. - The company aims to launch three new electric vehicle models in 2021, which are anticipated to contribute an additional 500 million RMB in revenue[46]. - The company has developed a full range of new energy powertrain solutions for passenger vehicles, with motor power ranging from 40KW to 150KW, suitable for various micro, small, and medium-sized vehicles[69]. - The company has introduced an integrated electric drive solution for passenger vehicles, combining motor, controller, and reducer into a compact design, enhancing performance and reliability[74]. Financial Management and Investments - No cash dividends will be distributed for the fiscal year 2020, as the company aims to reinvest profits into growth initiatives[7]. - The company has received government subsidies amounting to ¥107,150,809.93 in 2020, compared to ¥53,294,655.14 in 2019, indicating increased support[26]. - The company reported a significant increase in investment cash flow, with a net cash flow from investment activities of CNY 131,251,027.62, compared to -CNY 26,256,054.58 in 2019, a 599.89% increase[107]. - The company has temporarily supplemented working capital with idle raised funds totaling RMB 216 million, with a usage period not exceeding 12 months from the board's approval date[135]. Operational Challenges and Risks - The automotive industry faced challenges in 2020, with a 2% decline in production and a 1.9% decline in sales, but the company anticipates growth in the new energy vehicle market[30]. - The company faces risks related to changes in government policies affecting the new energy vehicle market, which could impact production and operations[149]. - The company is exposed to financial risks due to significant accounts receivable and negative operating cash flow, indicating liquidity risks[153]. - The company anticipates increased competition in the electric vehicle industry, leading to potential product price declines[152]. Corporate Governance and Compliance - The actual controller and shareholders fulfilled their commitments during the reporting period, with ongoing commitments related to share lock-up agreements[166]. - The company has committed to adhere to the restrictions on the circulation of shares and voluntary lock-up agreements for its pre-IPO shares[171]. - The company’s financial report does not indicate any non-standard audit reports for the current period[176]. - The company has not reported any significant changes in the measurement attributes of its major assets during the reporting period[114].
*ST越博(300742) - 2020 Q4 - 年度财报
2021-04-26 16:00
Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[13] - The net profit attributable to shareholders was RMB 150 million, which is a 10% increase compared to the previous year[13] - The company achieved a net profit of 8,019,626.33 yuan in 2020, a year-on-year increase of 100.95%[39] - The company reported a basic earnings per share of ¥0.10, a significant recovery from -¥10.71 in 2019, reflecting a 101.12% change[18] - The company reported a total revenue of 20,960,500,000 CNY for the year 2020, reflecting a growth of 24.48% compared to the previous year[121] - The company reported a net profit margin of 6.81% for the fiscal year 2020[121] - The company achieved a revenue of ¥333,545,725.89, with a net profit of ¥8,019,626.33, marking a year-on-year growth of 100.95%[77] Research and Development - The company plans to invest RMB 200 million in R&D for new energy technologies in 2021, aiming to enhance product offerings and market competitiveness[13] - The company has applied for a total of 444 intellectual property rights, with 275 granted as of the end of the reporting period[43] - The company has developed a total of 111 patents related to electric vehicle powertrains and control technologies, indicating a strong focus on innovation in this sector[46] - The company is focusing on the research and development of advanced gearbox systems, which are crucial for the performance of electric and hybrid vehicles[46] - The company is actively pursuing partnerships with universities to strengthen its R&D capabilities and accelerate the conversion of research results into products[157] Market Expansion and Strategy - The company has outlined a future outlook with a revenue growth target of 20% for 2021, driven by new product launches and market expansion[13] - The company is focusing on expanding its market presence in Southeast Asia, with plans to establish a regional office in Singapore by mid-2021[13] - The company is exploring potential acquisitions to strengthen its competitive position in the industry, with a budget of 500 million RMB allocated for this purpose[168] - The company aims to expand its market presence by enhancing its product offerings in the electric vehicle sector, targeting a growing demand for sustainable transportation solutions[46] - The company plans to enhance its core competitiveness by reducing credit terms and strengthening accounts receivable collection efforts[152] Production and Capacity - The company has reported a significant increase in production capacity, now reaching 100,000 units annually, up from 80,000 units in 2019[13] - The production and sales volume of the powertrain systems reached 13,661 sets and 4,465 sets, with year-on-year changes of -34.36% and 122.89% respectively[39] - The sales volume of pure electric powertrain systems reached 4,465 units, a decrease of 34.36% compared to the previous year, while production increased by 122.89% to 13,661 units[81] Financial Management and Investments - No cash dividends will be distributed to shareholders for the fiscal year 2020, as the company aims to reinvest profits into growth initiatives[5] - The company has made significant investments in R&D, with a particular emphasis on improving the efficiency of electric vehicle drivetrains[46] - The company has invested 10 million yuan in Fubo Electromechanical, increasing its stake to 51%, thereby consolidating control over the subsidiary[70] - The company has committed to invest a total of RMB 42,113.35 million in new energy vehicle powertrain projects, with a cumulative investment of RMB 19,756.07 million, representing 46.9% of the total commitment[132] Challenges and Risks - The automotive industry faced challenges in 2020, with a 2% decline in production and a 1.9% decline in sales, but the company anticipates growth in the new energy vehicle market[28] - The company faces risks related to raw material supply and price fluctuations, particularly for permanent magnet synchronous motors and their controllers[150] - The company anticipates increased competition in the new energy vehicle industry, which may lead to a decline in product prices as the market matures[151] Subsidiaries and Acquisitions - The company sold its wholly-owned subsidiary, Henan Changxing Intelligent Power Technology Co., Ltd., to optimize resource allocation and focus on core business, enhancing overall competitiveness[69] - The company established a wholly-owned subsidiary, Nanjing Yuebo Communication Technology Co., Ltd., to enter the electronic communication field, aiming to cultivate new business growth points[66] - The company established new subsidiaries, including 越博通信 and 陕西越博, which had no significant impact on overall operations and performance[142] Sustainability and Innovation - The management emphasized a commitment to sustainability, with plans to invest 100 million RMB in eco-friendly technologies[167] - The company is committed to sustainability and aims to lead in the development of innovative solutions for electric vehicles, aligning with global trends towards greener technologies[46] - The company is focusing on improving its management system and internal controls to mitigate operational risks associated with its complex organizational structure[154]
*ST越博(300742) - 2021 Q1 - 季度财报
2021-04-26 16:00
Financial Performance - The company's operating revenue for Q1 2021 was ¥102,957,038.81, representing a 121.52% increase compared to ¥46,476,556.18 in the same period last year[7]. - Net profit attributable to shareholders was ¥5,759,179.49, up 12.38% from ¥5,124,556.78 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥4,696,749.23, a significant recovery from a loss of ¥21,672,921.32 in the previous year, marking a 121.67% increase[7]. - The total operating revenue for Q1 2021 was CNY 102,957,038.81, a significant increase from CNY 46,476,556.18 in the previous period[46]. - The total operating costs for Q1 2021 amounted to CNY 102,913,639.57, compared to CNY 70,202,704.53 in the same period last year, reflecting a rise in costs[47]. - The net profit for Q1 2021 was CNY 2,846,895.12, down from CNY 5,124,556.78 in the previous year[48]. - The total comprehensive income for the period was CNY 20,265,071.36, compared to a loss of CNY 1,885,915.57 in the same quarter last year[53]. Cash Flow and Assets - The net cash flow from operating activities was -¥120,883,747.10, a decline of 12.99% compared to -¥106,988,598.84 in the same period last year[7]. - The company reported a 51.17% decrease in cash and cash equivalents due to payments made during the period[15]. - Cash and cash equivalents at the end of the period were CNY 18,451,566.86, down from CNY 48,292,263.91 at the end of the previous year[57]. - The company's cash flow from operating activities showed a positive trend, contributing to overall financial stability despite the decline in net profit[48]. - The cash inflow from financing activities totaled 155,667,668.00 CNY, compared to 245,384,000.00 CNY previously[60]. - The total cash and cash equivalents at the end of the period amounted to 1,811,656.94 CNY, down from 23,507,468.42 CNY previously[60]. Shareholder Information - The company reported a total of 12,683 common shareholders at the end of the reporting period[10]. - The largest shareholder, Li Zhanjiang, holds 28.36% of the shares, amounting to 22,260,154 shares, with 11,130,000 shares pledged[10]. - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[11]. Investments and R&D - The total amount of raised funds is CNY 42,113.35 million, with CNY 19,756.07 million already invested by the end of the reporting period[29]. - The investment in the new energy vehicle powertrain system production base is CNY 30,000 million, with 53.65% progress achieved by December 31, 2021[29]. - The investment in the new energy vehicle powertrain R&D center is CNY 12,113.35 million, with only 30.22% progress achieved by December 31, 2021[29]. - The company plans to strengthen R&D investment and innovation to maintain technological leadership and align with industry trends[25]. - The company emphasizes the importance of converting R&D investments into market-recognized technological advantages[26]. - The company continues to enhance cooperation with universities to accelerate the conversion of R&D results into products[26]. Risks and Management - The company faces risks from policy changes in the electric vehicle industry, which could impact future demand[18]. - The company plans to mitigate risks by improving internal management and enhancing product quality to adapt to regulatory changes[18]. - The company has established a comprehensive R&D monitoring system to manage risks associated with research projects[25]. - There are no overdue commitments from actual controllers, shareholders, or related parties during the reporting period[27]. - The company reported no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[32][33]. Liabilities and Equity - Total assets at the end of the reporting period were ¥1,566,701,280.65, down 2.75% from ¥1,610,936,759.49 at the end of the previous year[7]. - The total amount of purchases from the top five suppliers was ¥79,152,385.01, accounting for 90.61% of annual sales[16]. - Total current liabilities decreased to RMB 1,050,451,995.58 from RMB 1,176,534,830.43, a reduction of about 10.7%[40]. - The company's total liabilities decreased to RMB 1,087,387,021.68 from RMB 1,215,409,213.84, showing a decline of approximately 10.5%[40]. - The company's equity attributable to shareholders increased to RMB 364,972,168.80 from RMB 358,150,843.01, a rise of about 1.5%[41]. Operational Status - The company has decided to postpone the expected operational status of its projects to December 31, 2021, due to various influencing factors[30]. - The company did not conduct any research, communication, or interview activities during the reporting period[34]. - The company did not apply the new leasing standards for the first quarter of 2021[61]. - The first quarter report was not audited[62].
*ST越博(300742) - 2020 Q3 - 季度财报
2020-10-27 16:00
Financial Performance - Operating revenue for the reporting period was ¥104,756,434.60, representing a year-on-year growth of 27.55%[7] - Net profit attributable to shareholders was ¥734,526.69, a significant increase of 100.87% year-on-year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥9,471,722.40, a decrease of 89.03% compared to the same period last year[7] - Basic earnings per share were ¥0.0094, down 100.68% compared to the same period last year[7] - The company reported a net loss of CNY -631,112,508.55, slightly improved from CNY -636,044,295.90 in the previous period[29] - The net loss for Q3 2020 was CNY 898,399.13, a significant improvement from a net loss of CNY 84,105,771.55 in Q3 2019[36] - The net profit for the period was ¥3,683,679.87, a significant recovery from a net loss of ¥76,165,519.75 in the previous period[42] - Basic and diluted earnings per share were both ¥0.0537, compared to a loss of ¥0.97 per share in the previous period[43] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,668,501,918.72, an increase of 1.05% compared to the end of the previous year[7] - Current assets totaled CNY 1,140,845,014.50, up from CNY 1,077,111,490.47, indicating an increase of about 5.9%[26] - Total liabilities were CNY 1,273,816,100.80, down from CNY 1,360,707,109.01, indicating a decrease of approximately 6.4%[28] - The total liabilities increased to CNY 1,322,709,055.96 from CNY 1,175,756,632.43, reflecting a growth of 12.5%[35] Shareholder Information - Net assets attributable to shareholders increased by 23.36% to ¥358,331,326.08 compared to the previous year[7] - The total number of ordinary shareholders at the end of the reporting period was 11,462[11] - The largest shareholder, Li Zhanjiang, holds 28.36% of the shares, with 22,260,154 shares pledged[11] - The company's equity attributable to shareholders increased to CNY 358,331,326.08 from CNY 290,465,795.45, reflecting a growth of about 23.4%[29] Cash Flow - The net cash flow from operating activities was -¥7,150,890.97, a decline of 91.66% year-on-year[7] - The net cash flow from operating activities was -131,670,254.66 CNY, compared to -362,409,426.22 CNY in the previous period, indicating an improvement[49] - Total cash inflow from operating activities reached 312,142,706.91 CNY, while cash outflow was 443,812,961.57 CNY, resulting in a net cash flow deficit[49] - The ending balance of cash and cash equivalents was 9,445,089.22 CNY, down from 45,543,791.42 CNY in the previous period[50] Expenses - Research and development expenses decreased by 38.20% to CNY 34,921,771.72, influenced by reductions in employee compensation and direct investments[15] - Sales expenses decreased by 25.74% to CNY 14,386,658.40, due to reduced travel and entertainment costs amid the pandemic[15] - Management expenses decreased by 28.66% to CNY 57,202,359.74, reflecting lower employee compensation and travel expenses[15] - Financial expenses increased by 25.30% to CNY 25,964,328.32, primarily due to an increase in short-term loan principal[15] - Research and development expenses decreased to ¥21,583,193.68 from ¥34,921,771.72, a reduction of 38.2%[41] - Financial expenses increased to ¥32,534,338.83 from ¥25,964,328.32, marking a rise of 25.5%[41] Revenue and Costs - Total operating costs decreased to CNY 123,511,539.13 from CNY 130,132,288.25, representing a reduction of 5.0%[35] - Total operating revenue for the period reached ¥279,114,263.09, an increase of 14.06% compared to ¥244,710,331.39 in the previous period[41] - Total operating costs amounted to ¥337,121,188.34, up from ¥319,646,263.30, reflecting a rise of 5.67%[41] Investment Performance - The company received 1,981,049.61 CNY in investment income, up from 849,057.52 CNY in the previous period, indicating improved investment performance[51] - The company reported a credit impairment loss of ¥17,136,092.92, a significant improvement from a loss of ¥58,489,869.87 in the previous period[42]
*ST越博(300742) - 2020 Q2 - 季度财报
2020-08-27 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥174,357,828.49, representing a 7.24% increase compared to ¥162,581,441.66 in the same period last year[18]. - The net profit attributable to shareholders decreased by 52.63% to ¥3,761,249.35 from ¥7,940,251.80 in the previous year[18]. - Basic and diluted earnings per share both decreased by 50.00% to ¥0.05 from ¥0.10 in the previous year[18]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2020, representing a year-over-year growth of 25%[32]. - The company reported a net loss for the first half of 2020 of CNY 39,252,820.72, compared to a net loss of CNY 26,932,533.39 in the first half of 2019, reflecting a worsening of approximately 45.5%[173]. - The total comprehensive income for the first half of 2020 was CNY 4.58 million, a decrease of 42.8% from CNY 7.94 million in the first half of 2019[176]. - The total operating costs for the first half of 2020 were CNY 213,609,649.21, up from CNY 189,513,975.05 in the first half of 2019, indicating an increase of about 12.67%[173]. - The company's financial performance does not include any major projects that contributed over 10% to its total profit during the reporting period[130]. Cash Flow and Investments - The net cash flow from operating activities improved by 54.99%, reaching -¥124,519,363.69 compared to -¥276,638,349.43 in the same period last year[18]. - The company reported a significant improvement in cash flow from operating activities, with a net cash flow of -¥124,519,363.69, an improvement of 54.99% compared to -¥276,638,349.43 in the previous year[67]. - The cash outflow from operating activities decreased to 363,073,013.59 CNY, down from 394,268,520.39 CNY, indicating a reduction of about 7.9%[183]. - The company received interest income of RMB 21,819.86 from deposits during the reporting period[86]. - The company reported a net cash flow from investing activities of 37,425,654.28 CNY, compared to 24,828,965.50 CNY in the first half of 2019, reflecting an increase of approximately 50.6%[184]. - The company’s cash and cash equivalents increased by 103.86% to ¥5,332,465.34 from -¥138,291,308.87 in the previous year[68]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,662,333,433.56, a 0.68% increase from ¥1,651,172,904.46 at the end of the previous year[18]. - The total liabilities as of June 30, 2020, were CNY 1,238,738,998.97, an increase from CNY 1,175,756,632.43 at the end of 2019, representing a growth of approximately 5.35%[172]. - The company's accounts receivable at the end of the reporting period was ¥707,795,688.20, accounting for 42.58% of total assets, a slight increase from 41.59% in the previous year[74]. - The company's cash and cash equivalents decreased to CNY 26,247,548.05 from CNY 55,316,050.99 at the end of 2019, a decline of about 52.5%[170]. Research and Development - The company has a total of 436 intellectual property rights, including 184 invention patents and 222 utility model patents as of the reporting period[31]. - The company has invested 200 million RMB in R&D for new technologies, including advanced automatic transmission systems and integrated drive solutions[33]. - Continuous investment in R&D is crucial for maintaining technological leadership in the rapidly evolving electric vehicle industry[106][107]. - Research and development investment decreased by 25.68% to ¥18,035,319.46 from ¥24,268,691.92 in the previous year[67]. - The company is focusing on enhancing its technological capabilities through research and development initiatives[190]. Market and Product Development - The company specializes in the research, production, and sales of powertrain systems for new energy vehicles, aiming to become a leader in this sector[25]. - The company is actively developing new energy passenger vehicle powertrain systems to prepare for future market growth[26]. - The company has expanded its product line to include control-related products, such as multifunctional controllers and ADAS systems, leveraging its technological advantages[28]. - New product developments include the launch of 10 innovative electric drive systems, which are expected to enhance market competitiveness[33]. - The company is focusing on market expansion, targeting a 20% increase in market share within the next year, particularly in the commercial vehicle segment[32]. Risks and Challenges - The company faced various risks and has outlined measures to mitigate these risks in the report[4]. - The company faces risks from industry policy changes, particularly in the electric vehicle sector, which could impact profitability due to tightening subsidy policies[99][100]. - The company is exposed to financial risks, including significant accounts receivable and negative cash flow from operating activities[103]. - The company has a high customer concentration, with the top five customers accounting for a significant portion of sales, posing a risk if any major customer changes their purchasing behavior[101]. Corporate Governance and Shareholder Information - The company held four shareholder meetings during the reporting period, with investor participation rates ranging from 43.97% to 44.19%[1]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period[2]. - The company did not experience any penalties or corrective actions during the reporting period[9]. - The company reported no changes in its controlling shareholder or actual controller during the reporting period[149]. - The company has not engaged in any significant non-equity investments during the reporting period[84].
*ST越博(300742) - 2020 Q1 - 季度财报
2020-04-26 16:00
Financial Performance - Total revenue for Q1 2020 reached ¥46,476,556.18, a significant increase of 708.01% compared to ¥5,751,995.56 in the same period last year[7] - Net profit attributable to shareholders was ¥5,124,556.78, marking a 131.96% improvement from a loss of ¥16,033,138.54 in the previous year[7] - Basic earnings per share increased to ¥0.07, up 135.00% from a loss of ¥0.20 per share in the same period last year[7] - The company's net loss for Q1 2020 was CNY 24,726,147.35, compared to a loss of CNY 34,639,889.69 in Q1 2019, showing an improvement in financial performance[39] - The total comprehensive income for Q1 2020 was CNY 5,124,556.78, compared to a comprehensive loss of CNY 16,033,138.54 in the previous year[41] - The operating profit for Q1 2020 was CNY 6,214,619.20, compared to an operating loss of CNY 15,653,614.53 in the previous year[40] - The total profit for Q1 2020 was CNY 6,223,610.55, compared to a total loss of CNY 15,555,377.82 in the previous year[40] Cash Flow and Financial Position - The net cash flow from operating activities improved by 42.12%, amounting to -¥106,988,598.84 compared to -¥184,842,270.38 in the previous year[7] - The cash inflow from operating activities was CNY 60,588,141.92, significantly higher than CNY 17,095,066.90 in the previous period[46] - The net cash flow from operating activities was -48,038,116.59 yuan, compared to -149,016,947.28 yuan in the previous period, indicating an improvement[51] - Total cash inflow from financing activities was 328,454,000.00 yuan, significantly higher than 214,053,620.49 yuan in the previous period[49] - The total cash outflow from financing activities was 254,035,253.49 yuan, compared to 57,103,694.51 yuan in the previous period, highlighting increased financial obligations[52] - Cash and cash equivalents decreased to CNY 29,317,468.42 from CNY 55,316,050.99 at the end of 2019, reflecting a decline of approximately 47%[33] - Cash and cash equivalents at the end of the period totaled 23,507,468.42 yuan, down from 184,147,866.81 yuan at the end of the previous period[52] Assets and Liabilities - The company's total assets decreased by 2.30% to ¥1,613,262,502.46 from ¥1,651,172,904.46 at the end of the previous year[7] - The total liabilities decreased to CNY 1,217,672,150.23 from CNY 1,360,707,109.01, a reduction of approximately 10.5%[33] - The company's short-term borrowings increased from 623,359,000.00 CNY at the end of 2019 to 686,643,000.00 CNY by March 31, 2020, representing an increase of about 10.1%[31] - The total equity attributable to shareholders increased to CNY 358,397,951.72 from CNY 290,465,795.45, representing a growth of about 23.4%[33] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,506[10] - The top shareholder, Li Zhanjiang, holds 28.36% of the shares, amounting to 22,260,154 shares, with a portion pledged[10] Government Support and Investments - The company received government subsidies amounting to ¥31,275,724.81 during the reporting period[8] - The company has invested a total of ¥42,113.35 million in fundraising projects, with a cumulative investment of ¥19,750.37 million[22] Strategic Developments - The company adjusted its market and customer strategies, leading to increased sales in the new energy vehicle powertrain systems[14] - The company entered the electronic communications field by establishing Nanjing Yuebo Communication Technology Co., Ltd. and plans to acquire at least 51% of Shenzhen Huazhao Electromechanical Co., Ltd.[16] - The company is in the planning stage of a major asset restructuring, which may significantly impact its operating performance in 2020[18] Procurement and Sales Concentration - The total procurement amount from the top five suppliers in Q1 2020 was ¥36,679,332.87, accounting for 92.43% of the annual procurement total, compared to 40.70% in Q1 2019[17] - The total sales amount from the top five customers in Q1 2020 was ¥39,745,933.17, representing 85.52% of the annual sales total, up from 83.13% in Q1 2019[18] Research and Development - Research and development expenses for Q1 2020 were CNY 7,758,818.52, down from CNY 10,502,916.61 in the previous year, a decrease of approximately 26%[39] - The research and development expenses for Q1 2020 were CNY 675,073.38, a decrease from CNY 7,632,627.06 in the previous year[43] Compliance and Governance - The company has no reported violations regarding external guarantees during the reporting period[25] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[26] - The company has not disclosed any issues regarding the use and disclosure of raised funds[24] - The company plans to continue monitoring its financial position and ensure compliance with regulations regarding raised funds[24] - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[54]
*ST越博(300742) - 2019 Q4 - 年度财报
2020-04-26 16:00
Financial Performance - The company reported a total revenue of RMB 1.5 billion for the year 2019, representing a year-on-year increase of 15%[13]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase compared to the previous year[13]. - The company's operating revenue for 2019 was ¥386,966,433.79, a decrease of 21.56% compared to ¥493,313,208.68 in 2018[18]. - The net profit attributable to shareholders was -¥840,642,154.97, representing a significant decline of 4,063.08% from ¥21,211,842.35 in the previous year[18]. - The company reported a total distributable profit of -636,044,295.90 CNY for the year, indicating a loss[130]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2019, representing a year-over-year growth of 20%[135]. - The gross margin for the year was reported at 35%, with efforts to improve operational efficiency expected to increase this to 40% in the coming year[137]. Research and Development - The company plans to invest RMB 300 million in research and development for new energy technologies in 2020[13]. - Research and development efforts have led to the introduction of 10 new patents related to electric vehicle technologies, enhancing the company's competitive edge[40]. - The company is focusing on the research, development, production, and sales of powertrain systems for new energy vehicles, aiming to become a leader in this sector[28]. - The company has developed multiple core technologies in the field of new energy vehicles, leveraging its R&D capabilities and market demand[35]. - The company is committed to continuous R&D investment to maintain technological leadership and ensure successful commercialization of new technologies[126]. - The company's R&D investment in 2019 amounted to ¥50,744,533.54, representing 13.11% of total revenue, a significant increase from 9.18% in 2018[91]. Market Expansion - The company is expanding its market presence by entering three new provinces in 2020, targeting a 20% market share in those regions[13]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2022[39]. - The company has made significant progress in market expansion, establishing partnerships with major manufacturers such as SAIC, Chery, and XCMG, and entering mass supply phases with several clients[69]. - The company aims to leverage the favorable regulatory environment to expand its market presence in the new energy vehicle sector[112]. Product Development - New product launches are scheduled for Q3 2020, including two innovative electric vehicle models[13]. - The company is actively developing a range of new technologies and products, including an integrated three-in-one powertrain for electric passenger vehicles, aimed at improving space efficiency and performance[66]. - The company has extended its product line into control-related products, including multifunctional controllers and ADAS systems[32]. - The company is developing a hybrid powertrain system for heavy-duty mining vehicles, designed to improve fuel efficiency and torque output under various operating conditions[66]. Financial Management - The company has not disclosed any issues regarding the use and disclosure of raised funds during the reporting period[108]. - The company has received clear consent from independent directors and sponsors regarding the project delays[106]. - The company has maintained a stable financial policy, ensuring no funds were occupied by major shareholders or related parties during the reporting period[173]. - The company has established long-term strategic partnerships with suppliers, ensuring timely payments and maintaining effective communication[175]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is implementing strategies to mitigate these risks[4]. - The company faces risks from policy changes, particularly the gradual reduction of subsidies for new energy vehicles, which could negatively impact market demand[117]. - The company acknowledges the risk of declining product prices as competition in the new energy vehicle industry intensifies, and plans to develop high-tech, high-quality products to mitigate this[121]. - The company has a significant amount of accounts receivable, which poses liquidity risks, and is taking measures to improve cash flow and reduce credit periods[122]. Shareholder Information - There were no cash dividends or stock bonuses distributed in 2019, 2018, or 2017, maintaining a 0.00% payout ratio[132]. - The company’s cash dividend distribution plan for 2019 was not proposed despite having positive profits available for distribution[133]. - The total number of shares before the recent changes was 78,498,570, with a significant reduction in restricted shares from 74.99% to 45.30%[183]. - The company has a total of 35,557,100 restricted shares remaining after the recent changes, representing 45.30% of total shares[183]. Corporate Governance - The company plans to enhance its corporate governance structure and improve operational standards to create shareholder value while contributing to social responsibility[176]. - The company has established a policy that limits annual share transfers to 15% of the shares held prior to the public offering[141]. - The company has not engaged in any significant related party transactions during the reporting period[157]. - The company has committed to strict adherence to shareholding restrictions and voluntary lock-up agreements post-IPO[144].
*ST越博(300742) - 2019 Q3 - 季度财报
2019-10-27 16:00
Financial Performance - Operating revenue for the reporting period was CNY 82,128,889.73, an increase of 170.40% compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was a loss of CNY 84,105,771.55, representing a decline of 144.72% year-on-year[7]. - Basic earnings per share were -CNY 1.07, a decrease of 143.18% compared to the same period last year[7]. - The net profit for the first nine months of 2019 was a loss of ¥76,165,519.75, representing a decrease of 728.73% compared to a loss of ¥9,190,624.24 in the same period of 2018[18]. - The net loss for the period was ¥76,165,519.75, compared to a net loss of ¥9,190,624.24 in the same period last year, representing a significant increase in losses[44]. - The total comprehensive loss for the current period was ¥84,105,771.55, compared to a loss of ¥34,368,495.96 in the previous period[38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,378,254,275.75, a decrease of 5.17% compared to the end of the previous year[7]. - Net assets attributable to shareholders of the listed company were CNY 1,054,942,430.67, down 6.73% year-on-year[7]. - The total assets as of September 30, 2019, amounted to ¥1,590,971,074.60, down from ¥1,997,395,082.55 at the end of 2018[26]. - Total liabilities decreased from CNY 1,376,852,014.23 to CNY 1,323,311,845.08, a decline of about 3.9%[28]. - The company's total liabilities increased significantly, with other payables rising by 5,636.22% to ¥136,241,193.12, mainly due to loans from the actual controller[17]. Cash Flow - The net cash flow from operating activities for the year-to-date was -CNY 362,409,426.22, down 50.97%[7]. - Cash flow from operating activities was ¥58,370,287.56, a decrease from ¥342,318,871.65 in the previous period, indicating challenges in cash generation[51]. - The total cash outflow from operating activities was 556,019,837.50 CNY, slightly lower than 586,796,018.25 CNY in the previous period[52]. - The company experienced a net decrease in cash and cash equivalents of -159,408,789.92 CNY, contrasting with an increase of 50,077,767.63 CNY in the previous period[53]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 13,953[11]. - The largest shareholder, Li Zhanjiang, holds 28.36% of the shares, amounting to 22,260,154 shares, with 9,010,000 shares pledged[11]. Other Financial Metrics - The weighted average return on net assets was -7.67%, compared to -4.60% in the previous year[7]. - Research and development expenses amounted to ¥10,653,079.80, slightly decreased from ¥11,790,964.36 in the previous period[36]. - Financial expenses increased to ¥10,022,887.16 from ¥8,114,767.85, with interest expenses rising to ¥10,846,166.04 from ¥5,792,772.72[36]. - The company reported a credit impairment loss of ¥53,158,309.72, significantly higher than the previous loss of ¥6,666,585.71[37]. - The company is focusing on market expansion and new product development to improve future performance[39]. Audit Status - The company has not undergone an audit for the third quarter report, indicating that the figures presented are unaudited[58].
*ST越博(300742) - 2019 Q2 - 季度财报
2019-08-27 16:00
Financial Performance - Total operating revenue for the first half of 2019 was ¥162,581,441.66, a decrease of 60.22% compared to ¥408,739,314.49 in the same period last year[18]. - Net profit attributable to shareholders was ¥7,940,251.80, down 68.46% from ¥25,177,871.72 year-on-year[18]. - Net profit after deducting non-recurring gains and losses was -¥23,823,268.55, a decline of 205.71% compared to ¥22,535,959.26 in the previous year[18]. - Net cash flow from operating activities was -¥276,638,349.43, worsening by 219.11% from -¥86,690,530.32 in the same period last year[18]. - Basic earnings per share decreased by 75.61% to ¥0.10 from ¥0.41 year-on-year[18]. - The overall business performance has faced challenges due to industry conditions and subsidy policy adjustments, prompting strategic transformations[50]. - The company reported a net profit margin of approximately 7.1% based on the latest available data[160]. - The company reported a net profit margin of approximately 8.34% for the first half of 2019, demonstrating effective cost management[186]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,346,363,790.18, a decrease of 6.44% from ¥2,507,959,964.65 at the end of the previous year[18]. - Total liabilities decreased from CNY 1,376,852,014.23 to CNY 1,207,315,587.96, reflecting a decline of approximately 12.3%[160]. - Short-term borrowings increased from CNY 437,404,420.94 to CNY 578,469,041.43, an increase of about 32.2%[159]. - The total amount of guarantees approved for subsidiaries during the reporting period is ¥36,000 million, with actual guarantees amounting to ¥708.46 million[127]. - The total amount of guarantees provided by the company accounts for 0.88% of the company's net assets[127]. Research and Development - The company has applied for a total of 154 invention patents and has obtained 15, showcasing its strong R&D capabilities[33]. - The company has developed a total of 39 core technologies related to electric vehicle control systems and powertrain integration, with all technologies being self-researched and developed[34]. - Research and development expenses increased by 6.38% to ¥24,268,691.92 from ¥22,813,620.23, indicating continued investment in innovation[62]. - The company is focusing on expanding its market presence and enhancing its product offerings through increased R&D investment and strategic initiatives[169]. - The company plans to enhance its research and development efforts to maintain technological leadership and adapt to industry changes[100]. Cash Flow and Investments - The company reported a net cash outflow from operating activities of ¥276,638,349.43, a significant increase of 219.11% compared to ¥-86,690,530.32 in the previous year, driven by increased payments for goods and higher management and R&D expenditures[62]. - Cash inflow from investment activities was 120,849,057.52 CNY, with a net cash flow of 24,828,965.50 CNY, a recovery from a negative cash flow of -272,348,599.96 CNY in the previous year[176]. - The company has temporarily supplemented working capital with idle raised funds totaling RMB 216 million, which will be returned within 12 months[79]. - The company has received investment income of RMB 878,235.61 during the reporting period[76]. Market Strategy and Product Development - The company has established a development strategy focusing on "commercial vehicles as the foundation and passenger vehicles as the layout," with a full range of new energy bus products from 6 meters to over 13 meters and special vehicles covering 2.5T to 99T[53]. - The company is actively developing a compact integrated three-in-one powertrain system for passenger vehicles, which includes a motor, motor controller, and reducer, aimed at improving power, economy, and reliability[55]. - The company aims to enhance its market position through continuous R&D in electric vehicle technologies, particularly in powertrain integration and control systems[34]. - The company is focusing on expanding its market presence through innovative product offerings and strategic partnerships in the electric vehicle sector[36]. - Future outlook includes plans for market expansion into Southeast Asia, targeting a 15% growth in market share by 2021[186]. Corporate Governance and Compliance - All directors attended the board meeting to review this report, ensuring the accuracy and completeness of the financial statements[3]. - The company has not reported any issues or other circumstances regarding the use and disclosure of raised funds[80]. - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance and are in compliance with the disclosure rules set by the China Securities Regulatory Commission[199]. - The financial reporting is based on the going concern principle and utilizes the accrual basis of accounting[200]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,798[141]. - The largest shareholder, Li Zhanjiang, holds 28.36% of the shares, totaling 22,260,154 shares, with 5,310,000 shares pledged[141]. - The total number of shares outstanding remains at 78,498,570 after the changes in shareholding[136]. - The company has not conducted any major litigation or arbitration matters during the reporting period[111]. Challenges and Risks - The company faces risks related to policy changes in the electric vehicle industry, which could impact production and operations negatively[92]. - The company is actively working to mitigate risks associated with raw material supply and price fluctuations by improving production processes and efficiency[94]. - The company is focusing on developing high-quality products to counteract potential price declines in the market due to increased competition[95].