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东岳硅材(300821) - 2021 Q4 - 年度财报
2022-03-21 16:00
Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, reflecting a year-on-year increase of 15%[22] - The net profit attributable to shareholders reached 300 million RMB, representing a growth of 20% compared to the previous year[22] - The company's operating revenue for 2021 was ¥4,333,219,120.91, representing a 73.10% increase compared to ¥2,503,320,490.87 in 2020[29] - The net profit attributable to shareholders for 2021 was ¥1,150,634,466.69, a significant increase of 309.87% from ¥280,731,911.98 in 2020[29] - The net profit after deducting non-recurring gains and losses for 2021 was ¥1,151,531,781.34, up 359.09% from ¥250,826,501.08 in 2020[29] - The net cash flow from operating activities for 2021 was ¥554,569,596.85, an increase of 164.19% compared to ¥209,910,154.66 in 2020[29] - The basic earnings per share for 2021 was ¥0.96, a 284.00% increase from ¥0.25 in 2020[29] - The total assets at the end of 2021 were ¥6,274,663,076.75, a 39.49% increase from ¥4,498,417,305.64 in 2020[29] - The company reported a weighted average return on equity of 25.14% at the end of 2021, up from 7.94% at the end of 2020[29] - The company achieved total operating revenue of ¥4,333,219,120.91, a year-on-year increase of 73.10%[67] - The net profit attributable to shareholders was ¥1,150,634,466.69, representing a significant growth of 309.87% compared to the previous year[67] - The revenue from the organic silicon chemical raw materials manufacturing segment accounted for 100% of total revenue, with a gross margin of 37.39%[72] - The company reported a 108.02% increase in revenue from intermediates, reaching ¥184,366,908.13[68] - The sales of 107 glue reached ¥1,949,076,156.63, accounting for 44.98% of total revenue, with a gross margin of 40.54%[72] - Domestic sales contributed ¥3,666,906,216.57, representing 84.62% of total revenue, while international sales increased by 108.84% to ¥666,312,904.34[71] Market Expansion and Strategy - The company is focusing on expanding its market presence in Southeast Asia, targeting a 25% increase in market share by 2023[22] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[148] - The company has identified potential acquisition targets in the organic silicon sector to enhance its product portfolio and market reach[22] - The company is exploring potential mergers and acquisitions to strengthen its supply chain and enhance production capabilities[148] - A strategic acquisition of a local competitor is planned, which is expected to enhance production capacity by 30%[164] Research and Development - Research and development expenses accounted for 8% of total revenue, with significant investments in new silicone products and technologies[22] - The company aims to launch three new product lines in 2022, including high-temperature silicone and liquid silicone[22] - The company has established a strategic partnership with a leading technology firm to co-develop innovative silicone materials for the electronics industry[22] - R&D expenses increased by 24.66% to ¥231,821,068.92 in 2021[84] - The company is investing 100 million RMB in R&D for innovative technologies in silicone applications over the next three years[163] - The company has completed the development of new silicone products for personal care applications, targeting the fine chemical sector[89] - The company has successfully developed environmentally friendly silicone-based adhesives for electrical fireproof applications, expanding its product range[89] Operational Efficiency and Cost Management - The company expects a revenue growth rate of 10-15% for 2022, driven by increased demand in the automotive and electronics sectors[22] - The company has implemented new strategies to improve operational efficiency, aiming for a 15% reduction in production costs by the end of the next fiscal year[148] - The company plans to enhance its supply chain efficiency, aiming for a 15% reduction in operational costs by the end of the next fiscal year[162] - The company will enhance production efficiency and product quality through new technologies and process improvements, aiming to reduce energy and material consumption[125] Environmental and Social Responsibility - The company is implementing a zero wastewater discharge project, converting wastewater into reusable water, contributing to environmental sustainability[60] - The company has achieved "zero discharge" in wastewater treatment through advanced technologies[66] - The company is committed to environmental protection and corporate social responsibility, aiming for sustainable and healthy development[140] Corporate Governance and Management - The company has established a performance evaluation and incentive mechanism for directors and senior management, linking their compensation directly to the company's operating performance[138] - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, organization, and finance, ensuring no interference in decision-making[141] - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[136] - The company emphasizes information disclosure and investor relations management, ensuring timely and accurate information dissemination[138] - The company has established a sound organizational structure that operates independently from its controlling shareholder[141] Employee and Talent Management - The total number of employees at the end of the reporting period is 1,239, with 812 in production, 251 in technical roles, and 41 in sales[189][192] - The company has established a performance-based compensation system that aligns with industry standards and adjusts salaries based on company performance[193] - The company has a training plan aimed at enhancing management skills and technical expertise, ensuring employee development aligns with company growth[194] Future Outlook - The company has provided a revenue guidance of 1.8 billion RMB for the next fiscal year, indicating an expected growth of 20%[148] - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative organic silicon materials[148] - The company aims to become a world-class silicone enterprise by focusing on market demand and leveraging its advantages in the silicone materials field[120]
东岳硅材(300821) - 关于参加山东辖区上市公司2021年度投资者网上集体接待日活动的公告
2021-11-11 08:01
证券代码:300821 证券简称:东岳硅材 公告编号:2021-062 山东东岳有机硅材料股份有限公司 关于参加山东辖区上市公司 2021 年度投资者 网上集体接待日活动的公告 | --- | --- | |-------------------------------------------------------------------------------------------------|--------------------------------| | | | | 本公司及董事会全体成员保证信息披露内容的真实、准确和完整,没有 虚假记载、误导性陈述或重大遗漏。 | | | 为进一步加强与广大投资者的沟通交流,切实提高上市公司透明度、规范运 | | | 作和治理水平,山东东岳有机硅材料股份有限公司(以下简称"公司")将参加 | | | 由山东证监局、山东上市公司协会联合举办,深圳市全景网络有限公司(以下简 | | | 称"全景网")承办的"山东辖区上市公司 2021 | 年度投资者网上集体接待日活 | | 动",现将有关事项公告如下: | | | 本次投资者网上集体接待日活动将通过全景网提供的 ...
东岳硅材(300821) - 2021 Q3 - 季度财报
2021-10-20 16:00
Financial Performance - The company's revenue for Q3 2021 reached ¥1,213,844,388.38, representing a 97.05% increase compared to the same period last year[4] - Net profit attributable to shareholders was ¥408,003,644.70, a significant increase of 1,286.70% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥406,610,240.51, up 1,161.31% from the previous year[4] - The total profit for the year-to-date was ¥916,157,236.01, a 591.62% increase compared to the same period last year[10] - The net profit for the period reached CNY 777,939,698.18, compared to CNY 112,850,428.27 in the previous year, indicating a significant increase[36] - The earnings per share (EPS) for the current period was CNY 0.65, compared to CNY 0.10 in the same quarter last year[36] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥5,763,131,264.67, reflecting a growth of 28.11% compared to the end of the previous year[4] - The total assets increased to CNY 5,763,131,264.67 from CNY 4,498,417,305.64, representing a growth of 27.8%[28] - The total liabilities rose to CNY 1,056,060,861.58, compared to CNY 419,286,600.73, marking a substantial increase[28] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥429,453,072.03, an increase of 328.46% year-on-year[10] - The cash inflow from operating activities for the current period is CNY 1,175,373,936.05, an increase from CNY 1,015,895,669.55 in the previous period, representing a growth of approximately 15.7%[40] - The net cash flow from operating activities is CNY 429,453,072.03, significantly higher than CNY 100,232,096.18 in the previous period, indicating a substantial increase of 328.5%[40] - The cash inflow from investment activities is CNY 706,812,054.79, compared to CNY 32,317,743.36 in the previous period, showing a dramatic increase of 2,090.5%[42] - The net cash flow from investment activities is -CNY 237,546,624.83, an improvement from -CNY 979,744,945.72 in the previous period, reflecting a reduction in losses[42] - The cash outflow from financing activities totals CNY 151,000,000.00, down from CNY 294,772,376.10 in the previous period, indicating a decrease of 48.8%[43] - The ending balance of cash and cash equivalents is CNY 2,043,765,231.67, up from CNY 1,896,837,379.32 in the previous period, representing an increase of 7.8%[43] Shareholder Information - Total number of common shareholders at the end of the reporting period is 91,132[14] - The largest shareholder, Dongyue Fluorosilicone Technology Group Co., Ltd., holds 57.75% of shares, totaling 693,000,000 shares[14] - The company has a total of 10 major shareholders, with the top 10 holding a significant portion of shares[14] - The number of restricted shares at the end of the period is 90,000,000, with 84,074,598 shares released from restriction during the period[18] Research and Development - Research and development expenses increased to ¥160,871,123.83, a rise of 32.95% compared to the previous year[10] - Research and development expenses for the quarter were CNY 160,871,123.83, up from CNY 120,999,808.80, reflecting a year-over-year increase of 33%[33] - The company is actively involved in the research and development of silicon products and related technologies[19] Inventory and Accounts Receivable - The company's inventory increased by 105.81% to ¥377,025,513.02, attributed to rising raw material prices and increased stock[7] - Inventory as of September 30, 2021, is valued at RMB 377,025,513.02, compared to RMB 183,187,205.14 at the end of 2020, indicating significant growth[22] - The company reported a significant increase in accounts receivable, which rose by 98.31% to ¥63,626,070.87, due to increased product prices and extended credit terms to select customers[7] - The company reported an increase in accounts receivable to RMB 63,626,070.87 from RMB 32,084,092.86 year-over-year[22] - The company reported a significant increase in accounts payable, which rose to CNY 836,573,224.92 from CNY 324,547,321.73, an increase of 158.5%[28] Tax and Employee Expenses - The company received tax refunds amounting to CNY 26,629,986.56, compared to CNY 8,429,887.77 in the previous period, marking an increase of 215.5%[40] - The cash paid to employees increased to CNY 119,653,234.10 from CNY 83,565,427.10, reflecting a rise of 43.2%[40] - The cash paid for taxes rose to CNY 97,948,960.23 from CNY 35,402,655.21, indicating an increase of 176.5%[40] Market Expansion - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[30]
东岳硅材(300821) - 2021 Q2 - 季度财报
2021-08-19 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was CNY 1,654,311,744.19, representing a 43.14% increase compared to CNY 1,155,732,100.32 in the same period last year[27]. - The net profit attributable to shareholders for the first half of 2021 was CNY 369,936,053.48, a significant increase of 343.42% from CNY 83,427,840.68 in the previous year[27]. - The net profit after deducting non-recurring gains and losses reached CNY 374,730,467.66, up 400.77% from CNY 74,830,633.45 year-on-year[27]. - The net cash flow from operating activities was CNY 199,673,615.07, which is a 247.27% increase compared to CNY 57,497,896.26 in the same period last year[27]. - The basic earnings per share for the first half of 2021 was CNY 0.31, reflecting a 287.50% increase from CNY 0.08 in the previous year[27]. - The total assets at the end of the reporting period were CNY 4,921,205,464.64, a 9.40% increase from CNY 4,498,417,305.64 at the end of the previous year[27]. - The net assets attributable to shareholders at the end of the reporting period were CNY 4,299,066,758.39, up 5.39% from CNY 4,079,130,704.91 at the end of the previous year[27]. - The weighted average return on equity for the first half of 2021 was 8.78%, an increase of 4.99% compared to 3.79% in the same period last year[27]. Investment and R&D - The company has developed over 120 specifications of downstream products, including silicone rubber, silicone oil, and fumed silica, and has obtained a total of 45 authorized invention patents[36]. - The company has established a high-quality R&D team of 255 members, focusing on new product development in the organic silicon industry, including high-performance flame-retardant silicone rubber and functional liquid silicone rubber[41]. - R&D investment increased to ¥96,744,313.66, up 59.30% compared to the previous period[49]. - The company plans to invest in R&D for high-end silicone products, targeting special monomers and downstream processing products, with a focus on key technology research to achieve rapid industrialization[87]. Market and Sales Strategy - The company has established a supply chain management system and a dedicated procurement department to manage the procurement of raw materials, primarily including metallic silicon and chemical raw materials[37]. - The company's sales strategy includes a combination of large and small customer development to expand the market and stabilize sales while mitigating risks[37]. - The company exports to over 30 countries and regions, including the UAE, the USA, Belgium, Germany, India, Poland, Turkey, and South Korea, with domestic sales concentrated in South China and East China[39]. - The company has built a marketing service network with 10 sales service institutions across major organic silicon industrial clusters in China, serving over 1,100 domestic and international customers[44]. Environmental and Compliance - The company has achieved zero wastewater discharge through advanced treatment technologies, enhancing its environmental protection capabilities[44]. - The company has passed multiple quality certifications, including ISO9001 and FDA certification for its products, ensuring high standards and stability in product quality[44]. - The company has implemented pollution control facility upgrades, ensuring all pollutants are consistently within discharge standards[104]. - No administrative penalties were imposed on the company during the reporting period, indicating compliance with environmental regulations[105]. - The company has established a self-monitoring plan for environmental compliance, adhering to the required monitoring frequency and standards[105]. Risks and Challenges - The company has outlined potential risks in its operations and encourages investors to read the relevant sections of the report for more details[6]. - The company faces risks related to safety and environmental protection due to the nature of its chemical production, as well as intensified market competition and potential fluctuations in product prices[84]. Shareholder and Corporate Governance - The company has successfully fulfilled all commitments made to shareholders, ensuring transparency and accountability[109]. - The company reported a total of 14,352.85 thousand yuan in related party transactions during the reporting period, with a significant portion (59.13%) attributed to the purchase of monochloromethane from Shandong Dongyue Fluorosilicon Materials Co., Ltd.[119]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[112]. - The company did not undergo any changes in its controlling shareholder or actual controller during the reporting period[162]. Financial Position and Cash Flow - Cash and cash equivalents increased by ¥352,710,460.94, a decrease of 57.72% compared to the previous period[49]. - The company reported a total of ¥2,356,481,668.62 in cash and cash equivalents at the end of the reporting period, representing 47.88% of total assets[54]. - The total current assets decreased to ¥2,991,332,978.39 from ¥3,119,703,947.58, reflecting a decline of about 4.1%[175]. - Non-current assets increased to ¥1,929,872,486.25 from ¥1,378,713,358.06, indicating a growth of approximately 40%[175]. - The total liabilities rose to ¥622,138,706.25 from ¥419,286,600.73, which is an increase of approximately 48.3%[178]. - The company reported a rise in other current liabilities to ¥5,448,763.34 from ¥1,907,861.16, reflecting an increase of approximately 185.5%[178].
东岳硅材(300821) - 2021 Q1 - 季度财报
2021-04-22 16:00
Financial Performance - The company's revenue for Q1 2021 was CNY 716,174,764.99, representing a 23.07% increase compared to CNY 581,919,276.08 in the same period last year[8] - Net profit attributable to shareholders was CNY 123,859,583.37, a significant increase of 124.70% from CNY 55,122,922.48 year-on-year[8] - The net profit after deducting non-recurring gains and losses reached CNY 117,570,033.07, up 143.89% from CNY 48,206,227.73 in the previous year[8] - Basic earnings per share increased to CNY 0.10, a rise of 66.67% from CNY 0.06 in the previous year[8] - Total profit rose by 124.70% to RMB 145.72 million, driven by improved gross margins[20] - The company reported a total comprehensive income of ¥123,859,583.37, compared to ¥55,122,922.48 in the previous period, indicating a growth of approximately 124.8%[60] Cash Flow and Assets - The net cash flow from operating activities was CNY 67,667,860.65, showing a remarkable increase of 223.25% compared to CNY 20,933,718.24 in the same quarter last year[8] - Cash inflow from investment activities totaled $706,812,054.79, with a net cash flow from investment activities of $570,525,916.02, compared to a negative cash flow of $11,281,711.13 in the previous period[66] - The ending balance of cash and cash equivalents is $2,642,114,139.48, compared to $3,079,493,363.83 at the end of the previous period[69] - Total assets at the end of the reporting period were CNY 4,676,664,506.99, reflecting a 3.96% increase from CNY 4,498,417,305.64 at the end of the previous year[8] - The total assets of the company as of March 31, 2021, are 4,676,664,506.99 yuan, compared to 4,498,417,305.64 yuan at the end of 2020[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 68,437[11] - The largest shareholder, Dongyue Fluorosilicon Technology Group Co., Ltd., held 57.75% of the shares, totaling 693,000,000 shares[11] - The net assets attributable to shareholders amounted to CNY 4,202,990,288.28, up 3.04% from CNY 4,079,130,704.91 at the end of the last year[8] - Total equity attributable to shareholders reached ¥4,202,990,288.28, up from ¥4,079,130,704.91, showing an increase of approximately 3.0%[52] Expenses and Liabilities - Research and development expenses surged by 144.70% to RMB 43.54 million, indicating increased investment in innovation[20] - The company reported a significant increase in contract liabilities by 153.79% to RMB 55.96 million, reflecting higher advance payments received[20] - Total liabilities increased to ¥473,674,218.71 from ¥419,286,600.73, marking a rise of about 12.9%[52] - Tax expenses for the period were ¥21,858,705.60, up from ¥9,727,574.55, representing an increase of approximately 125.0%[56] Operational Highlights - Accounts receivable increased by 31.83% to RMB 2.64 billion, primarily due to credit terms extended to quality customers[20] - The company maintained a diversified supplier base, with no single supplier accounting for over 50% of purchases[24] - The first major customer accounted for 3.12% of total sales, up from 2.58% in the previous year[24] Project Updates - The project for 30,000 tons/year of silicone monomer and 20,000 tons/year of downstream silicone products has a completion status of 27.92% as of March 31, 2022[29] - The company plans to complete the silicone R&D center project by March 2022, which was delayed due to higher requirements for R&D equipment and technology[32] Miscellaneous - The company has not reported any non-operating fund occupation by controlling shareholders during the reporting period[38] - The company has not experienced any significant changes in expected cumulative net profit compared to the same period last year[37] - The company did not undergo an audit for the first quarter report[69]
东岳硅材(300821) - 2020 Q4 - 年度财报
2021-03-09 16:00
Financial Performance - The company's operating revenue for 2020 was CNY 2,503,320,490.87, a decrease of 8.41% compared to 2019[29]. - The net profit attributable to shareholders for 2020 was CNY 280,731,911.98, down 49.27% from the previous year[29]. - The net cash flow from operating activities was CNY 209,910,154.66, reflecting a decline of 59.09% year-on-year[29]. - The total assets at the end of 2020 amounted to CNY 4,498,417,305.64, an increase of 80.08% compared to the end of 2019[29]. - The net assets attributable to shareholders increased by 93.53% year-on-year, reaching CNY 4,079,130,704.91 at the end of 2020[29]. - The basic earnings per share for 2020 was CNY 0.25, a decrease of 59.02% from 2019[29]. - The company reported a total of CNY 29,905,410.90 in non-recurring gains and losses for 2020[37]. - The company experienced a significant decline in the weighted average return on net assets, dropping to 7.94% from 28.81% in 2019[29]. - The first quarter of 2020 saw operating revenue of CNY 581,919,276.08, while the fourth quarter reported CNY 731,591,594.20, indicating a positive trend towards the end of the year[34]. Dividend Distribution - The profit distribution plan approved by the board includes a cash dividend of 1.25 RMB per 10 shares, based on a total of 1,200,000,000 shares[8]. - The company plans to distribute a cash dividend of RMB 1.25 per 10 shares, totaling RMB 150,000,000 for the year 2020[118]. - The cash dividend for 2019 was RMB 2.50 per 10 shares, amounting to RMB 300,000,000, which represents 54.21% of the net profit attributable to shareholders[119]. - The total distributable profit for 2020 was RMB 617,466,888.30, with the cash dividend accounting for 100% of the profit distribution[119]. - The company has maintained a consistent dividend policy over the past three years, with cash dividends of RMB 360,000,000 in 2018, RMB 300,000,000 in 2019, and RMB 150,000,000 in 2020[122]. - The company’s cash dividend for 2020 represents 53.43% of the consolidated net profit attributable to the parent company[122]. - The company has committed to a stable dividend policy to reward investors while ensuring operational sustainability and long-term growth[122]. - The cash dividend distribution plan for 2020 aligns with the company's articles of association and dividend management measures[118]. - The company’s cash dividend for 2020 is set to be distributed on April 23, 2020, following the approval at the annual general meeting[118]. Research and Development - The company plans to continue focusing on research and development of new products and technologies to enhance its market position[6]. - The company has increased its R&D personnel to 255, representing 29.93% of the workforce, indicating a focus on innovation[75]. - The company’s R&D expenditure reached CNY 185.97 million, which is 7.43% of total revenue, reflecting a substantial increase in R&D investment[75]. - The company actively engages in R&D, focusing on market-driven innovation and collaboration with academic institutions to enhance its technological capabilities[43]. - The company has developed a joint R&D center with the Shandong Academy of Sciences, focusing on new product development aligned with industry trends[50]. - The company plans to invest in R&D to explore advanced technologies and high-end products, addressing the current reliance on imports for high-end silicone products[109]. - Research and development investments increased by 12% this year, focusing on sustainable materials and technologies[154]. Market and Sales Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[149]. - The company has established a nationwide sales network and aims to strengthen customer development and service levels to ensure rapid release of new capacities[109]. - The company has a diverse customer base, combining large clients with small and medium-sized enterprises to mitigate risks and stabilize sales[46]. - The company’s products are sold in over 30 countries and regions, including the UAE, the USA, Belgium, Germany, India, Poland, Turkey, and South Korea[46]. - The company plans to implement a new marketing strategy aimed at increasing brand awareness by 40% over the next year[140]. Operational Challenges and Risks - In 2020, the company faced significant challenges due to the COVID-19 pandemic, which led to delayed orders and a notable decline in DMC market prices, impacting overall performance[6]. - The company is aware of the potential risks related to overdue debts and is taking steps to mitigate these financial pressures[8]. - The company faces risks including safety and environmental hazards, intensified market competition, and fluctuations in product prices due to various economic factors[112]. - The company emphasizes the importance of safety and environmental protection measures to ensure stable production operations during the pandemic[6]. - The company has invested in safety and environmental management, achieving recognition as a provincial benchmark enterprise for risk control and hidden danger investigation[53]. Investment and Financial Management - The company has not encountered any significant changes in the feasibility of its investment projects during the reporting period[97]. - The company invested ¥1,900,000,000.00 during the reporting period, a 100% increase compared to the previous year[88]. - The company reported a significant increase in fixed assets, which accounted for 15.84% of total assets, up from 25.63% in the previous year[82]. - The company generated net interest income of CNY 2,529.22 million from the raised funds after deducting bank fees[93]. - The company approved the use of CNY 17,703.84 million of raised funds to replace self-raised funds used for investment projects and issuance expenses[93]. - The company has not sold any significant assets or equity during the reporting period[105][106]. - There were no changes in the use of raised funds during the reporting period[104]. - The company has committed to avoiding any direct or indirect competition with Dongyue Silicon Materials, ensuring no investments or activities that could compete with its business[155]. Corporate Governance - The board of directors has confirmed that all members attended the meeting to review the annual report, ensuring accountability and governance[5]. - The company has maintained its accounting firm, Tianjian Accounting Firm, for five consecutive years, with an audit fee of 500,000 yuan[184]. - The company’s actual control and shareholder commitments are being fulfilled as of the report date[123]. - There were no significant changes in the scope of the consolidated financial statements compared to the previous year[183]. - The company did not have any stock incentive plans or employee shareholding plans during the reporting period[190].
东岳硅材(300821) - 2020 Q3 - 季度财报
2020-10-27 16:00
Financial Performance - Net profit attributable to shareholders was ¥29,422,587.59, down 79.86% year-on-year[8] - Operating revenue for the reporting period was ¥615,996,796.35, a decrease of 17.08% compared to the same period last year[8] - Basic earnings per share were ¥0.02, a decrease of 87.50% compared to the same period last year[8] - The weighted average return on net assets was 0.76%, down 6.77% year-on-year[8] - Net profit decreased by 75.44% to ¥112,850,428.27 from ¥459,403,872.93, primarily due to lower product sales prices[25] - The company expects a net profit decrease of 68.39% for the upcoming reporting period, influenced by the COVID-19 pandemic and economic conditions[27] - Total operating revenue for the current period is CNY 1,771,728,896.67, a decrease of 16.9% compared to CNY 2,132,839,171.51 in the previous period[56] - Net profit for the current period is CNY 112,850,428.27, a significant decrease from CNY 459,403,872.93 in the previous period, indicating challenges in profitability[58] - The company reported a profit margin of approximately 6.4% for the current period, down from 21.6% in the previous period[58] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,312,013,210.86, an increase of 72.61% compared to the end of the previous year[8] - The company's total assets increased to CNY 4,312,013,210.86 from CNY 2,498,066,709.86, reflecting a growth of approximately 72.5%[45] - Total liabilities rose to CNY 405,538,555.26, compared to CNY 390,290,949.51 in the previous period, indicating an increase of about 3.2%[42] - The equity attributable to shareholders increased to CNY 3,906,474,655.60 from CNY 2,107,775,760.35, marking a growth of approximately 85.3%[45] - The total non-current assets reached CNY 1,265,890,501.31, up from CNY 1,018,592,715.77, indicating an increase of approximately 24.3%[45] Cash Flow - The net cash flow from operating activities was ¥42,734,199.92, down 81.25% year-on-year[8] - Operating cash flow net amount dropped by 78.26% to ¥100,232,096.18 from ¥461,109,310.10, mainly due to reduced sales revenue[25] - Cash flow from operating activities increased to CNY 971,836,519.53 from CNY 886,960,983.18, indicating improved cash generation[63] - Operating cash inflow totaled $1,015,895,669.55, an increase from $995,400,270.34 in the previous period[67] - Financing cash inflow was $2,012,415,094.34, with cash outflow for dividend and interest payments totaling $293,772,376.10, resulting in a net cash flow from financing activities of $1,717,642,718.24[68] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 80,445[12] - The largest shareholder, Dongyue Fluorosilicon Technology Group Co., Ltd., held 57.75% of the shares[12] - The company did not conduct any repurchase transactions among the top 10 shareholders during the reporting period[19] Research and Development - Research and development expenses surged by 153.34% to ¥120,999,808.80 from ¥47,762,526.79, reflecting increased investment in R&D projects[25] - Research and development expenses increased to CNY 120,999,808.80 from CNY 47,762,526.79, highlighting a focus on innovation[56] Government Subsidies and Other Income - The company received government subsidies amounting to ¥7,759,588.00 during the reporting period[8] - Other income increased significantly by 1971.27% to ¥7,759,588.00 from ¥374,630.00, mainly from government subsidies[22] Investment Activities - The company invested ¥100,000,000.00 in Dongyue Future Hydrogen Energy Company during the reporting period[22] - The company reported a financial expense of CNY 60,269,609.94, which included a negative adjustment of CNY 3,273,412.51[46] Cost Management - The company has implemented cost control measures, as evidenced by a reduction in sales and management expenses compared to the previous period[56] - Total operating costs for the current period are CNY 1,646,478,534.36, down from CNY 1,695,294,299.93, reflecting a cost reduction strategy[56]
东岳硅材(300821) - 2020 Q2 - 季度财报
2020-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥1,155,732,100.32, a decrease of 16.85% compared to the same period last year[28]. - The net profit attributable to shareholders of the listed company was ¥83,427,840.68, down 73.37% year-on-year[28]. - The net profit after deducting non-recurring gains and losses was ¥74,830,633.45, a decrease of 66.24% compared to the previous year[28]. - The net cash flow from operating activities was ¥57,497,896.26, down 75.34% from the same period last year[28]. - Basic earnings per share were ¥0.08, a decline of 77.14% compared to ¥0.35 in the previous year[28]. - Revenue for the reporting period was ¥1,155,732,100.32, a decrease of 16.85% compared to the same period last year[55]. - The net profit attributable to the parent company was ¥83,427,840.68, a decrease from ¥313,341,941.09 in the previous period, representing a decline of approximately 73%[183]. - The total profit amounted to ¥98,192,032.11, down from ¥254,069,445.36, indicating a decrease of about 61%[183]. - Operating profit was reported at ¥95,820,583.91, significantly lower than ¥261,099,474.65 from the prior period, reflecting a decline of approximately 63%[183]. - Cash flow from operating activities generated a net amount of ¥57,497,896.26, down from ¥233,208,884.88, a decrease of about 75%[190]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,212,882,358.59, an increase of 68.65% compared to the end of the previous year[28]. - Total liabilities decreased to CNY 335,830,290.58 from CNY 390,290,949.51, indicating a reduction in financial obligations[173]. - The company's equity increased to CNY 3,877,052,068.01 as of June 30, 2020, compared to CNY 2,107,775,760.35 at the end of 2019, reflecting retained earnings growth[176]. Cash Flow and Financing - The company raised ¥1,717,642,718.24 through its initial public offering, marking a 577.12% increase in net cash flow from financing activities[55]. - Cash and cash equivalents increased by 666.14% to ¥834,135,077.21, mainly due to funds raised from the IPO[58]. - The net increase in cash and cash equivalents for the period was ¥834,135,077.21, compared to a decrease of ¥147,337,677.24 in the previous period[193]. - The ending balance of cash and cash equivalents reached ¥1,890,477,344.96, up from ¥788,797,059.27 at the end of the previous period[193]. Operational Challenges - The impact of the COVID-19 pandemic has led to a decrease in demand for organosilicon products, affecting pricing in the industry[5]. - The company faced challenges due to the COVID-19 pandemic, which led to delayed orders and reduced demand for organic silicon products, negatively impacting performance[42]. - The company has resumed normal operations despite the ongoing global pandemic[5]. - The company experienced a decline in demand for silicone products due to the COVID-19 pandemic, affecting product prices and overall performance[84]. Research and Development - Research and development investment increased by 113.73% to ¥60,730,198.86, reflecting a rise in R&D projects and expenditures[55]. - The company emphasizes R&D driven by market demand and has engaged in collaborations with universities and research institutions to enhance innovation capabilities[40]. - The company is focusing on enhancing its research and development capabilities to drive future growth[196]. Production Capacity and Facilities - The company has an annual production capacity of 300,000 tons of organic silicon monomer, ranking fourth in China and among the top ten globally in the organic silicon industry[40]. - The company operates two organic silicon monomer production facilities, which are among the highest capacity domestic installations[40]. - The company has a production capacity of 150,000 tons/year for silicone monomer synthesis, making it one of the highest capacity domestic facilities[46]. Environmental and Safety Management - The company has implemented a "zero discharge" plan for wastewater, which is expected to significantly reduce wastewater emissions upon project completion[49]. - The company has been recognized as a provincial benchmark enterprise for risk classification and dual prevention system construction in safety management[49]. - The company faces safety and environmental risks due to the flammable and toxic nature of raw materials used in silicone production, but has implemented effective safety and environmental management systems[84]. - The company’s pollution discharge meets the standards set by relevant environmental regulations, with no exceedances reported[123]. Shareholder Information - The largest shareholder, Dongyue Fluorosilicon Technology Group Co., Ltd., holds 57.75% of the shares, totaling 69,300,000 shares[141]. - The second-largest shareholder, Zibo Xiaoxi Enterprise Management Partnership, holds 9.75% of the shares, totaling 11,700,000 shares, which are pledged[141]. - The total number of ordinary shareholders at the end of the reporting period was 107,186[141]. Market and Sales Strategy - The company’s sales are concentrated in South China and East China, with exports to over 30 countries including the UAE, the USA, and Germany[42]. - The company has a diverse customer base, combining large clients with small and medium-sized enterprises to mitigate risks and stabilize sales[42]. - The company is focusing on the development of new products such as high-performance flame-retardant silicone rubber and functional liquid silicone rubber, which align with future industry trends[46].
东岳硅材(300821) - 2020 Q1 - 季度财报
2020-04-26 16:00
Financial Performance - Total operating revenue for Q1 2020 was ¥581,919,276.08, a decrease of 15.49% compared to the same period last year[8]. - Net profit attributable to shareholders was ¥55,122,922.48, down 34.24% year-on-year[8]. - Net profit excluding non-recurring gains and losses was ¥48,206,227.73, a decline of 46.19% compared to the previous year[8]. - Basic earnings per share were ¥0.06, down 33.33% from ¥0.09 in the previous year[8]. - Operating revenue decreased by 15.49% to RMB 58,000,000, primarily due to a decline in main business income[29]. - Net profit for the current period is ¥55,122,922.48, a decline of 34.5% from ¥83,827,509.76 in the previous period[58]. Cash Flow - Net cash flow from operating activities was ¥20,933,718.24, representing an 83.47% decrease from the same period last year[8]. - The company experienced an 83.47% decrease in net cash flow from operating activities, amounting to RMB 20,933,718.24, attributed to reduced sales collections[27]. - Operating cash inflow from sales of goods and services was $250.18 million, compared to $348.01 million in the previous period, reflecting a decrease of approximately 28.14%[64]. - Net cash flow from operating activities was $20.93 million, down from $126.66 million, indicating a decline of about 83.53%[64]. - Cash inflow from financing activities totaled $2.01 billion, with no cash outflow reported for financing activities, resulting in a net cash flow from financing of $2.01 billion[67]. - The net increase in cash and cash equivalents was $2.02 billion, compared to $106.59 million in the previous period, showing a substantial increase[67]. - The ending balance of cash and cash equivalents reached $3.08 billion, up from $1.04 billion at the end of the previous period, indicating a growth of approximately 195.56%[67]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,550,048,965.66, an increase of 82.14% compared to the end of the previous year[8]. - The total liabilities amount to ¥401,301,815.85, an increase of 2.6% from ¥390,290,949.51 in the previous period[53]. - Total equity attributable to the parent company is ¥4,148,747,149.81, up 96.7% from ¥2,107,775,760.35 in the previous period[53]. - The total amount of cash raised from financing activities was RMB 2,011,415,094.34, primarily from the issuance of new shares[27]. Shareholder Information - The company reported a total of 169,598 common shareholders at the end of the reporting period[12]. - The top shareholder, Dongyue Fluorosilicon Technology Group Co., Ltd., held 57.75% of the shares[12]. - Net assets attributable to shareholders were ¥4,148,747,149.81, up 96.83% from the previous year[8]. Research and Development - Research and development expenses increased by 65.83% to RMB 17,791,748.45 due to more R&D projects and increased investment[24]. - Research and development expenses for the current period are ¥17,791,748.45, an increase of 65.5% compared to ¥10,728,878.39 in the previous period[54]. Inventory and Accounts Receivable - Accounts receivable rose by 107.78% to RMB 72,737,998.96 as a result of extended credit terms to select customers[23]. - Inventory as of March 31, 2020, was CNY 226,025,340.47, compared to CNY 200,927,637.10 at the end of 2019[44]. - Accounts receivable increased to CNY 72,737,998.96 from CNY 35,007,040.25 year-over-year[44]. Challenges and Market Conditions - The company faced challenges due to the COVID-19 pandemic, which led to reduced demand for silicone products and impacted pricing[28]. Investment and Fund Management - The company has established a dedicated account for the use of raised funds, ensuring strict approval processes for fund usage[38]. - The cumulative investment in projects reached CNY 17,800.29 million, with a progress rate of 8.49% for the organic silicon monomer and downstream product deep processing project[36]. - There are no significant changes in the feasibility of investment projects during the reporting period[34]. Audit and Reliability - The company’s financial report for the first quarter was not audited, which may affect the reliability of the reported figures[70].