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爱普股份(603020) - 2016 Q2 - 季度财报
Apple GroupApple Group(SH:603020)2016-08-26 16:00

Financial Performance - The company achieved operating revenue of RMB 1,154,135,003.61, representing a year-on-year increase of 19.93%[20] - The net profit attributable to shareholders was RMB 113,917,762.56, up 12.15% compared to the same period last year[20] - The basic earnings per share decreased by 1.87% to RMB 0.3560 from RMB 0.3628 in the previous year[19] - The weighted average return on net assets decreased by 1.43 percentage points to 6.40%[19] - The net cash flow from operating activities dropped significantly by 61.46% to RMB 19,221,157.49[20] - Operating costs increased by 24.34% to ¥892.54 million from ¥717.84 million, leading to a decrease in gross margin[28] - The net cash flow from operating activities decreased significantly by 61.46% to ¥19.22 million from ¥49.87 million due to increased payment for goods[28] - The company reported a revenue increase of 20.20% in mainland China, totaling ¥1.10 billion, while revenue from other countries or regions grew by 17.84% to ¥43.28 million[34] Market Outlook and Strategy - The company maintains a positive outlook for the second half of the year, expecting stable growth in the flavor and fragrance market[26] - The company focuses on high-end markets and aims to enhance customer loyalty through a one-stop solution combining flavoring and food ingredients[25] - The company plans to expand its market presence and invest in new product development as part of its strategic initiatives[81] Assets and Liabilities - The total assets at the end of the reporting period were RMB 2,056,296,913.43, a slight increase of 0.21% from the previous year[20] - The net assets attributable to shareholders decreased by 0.79% to RMB 1,751,041,108.25[20] - Total liabilities increased to RMB 289,929,151.38 from RMB 270,181,018.58, showing an increase of about 7.3%[93] - The total current assets as of June 30, 2016, amounted to RMB 1,819,995,677.39, an increase from RMB 1,808,994,174.00 at the beginning of the period[92] Cash Flow and Investment - The net cash flow from investment activities improved to ¥515.51 million from a negative ¥719.39 million, attributed to cash management of idle funds[28] - The company reported cash inflows from investment activities of CNY 540,778,875.47, a substantial increase from CNY 103,158,639.94 in the previous year[107] - The net cash flow from investment activities was CNY 515,508,297.86, compared to a net outflow of CNY 719,390,318.37 in the same period last year[107] Shareholder Information - The company declared a cash dividend of RMB 8 per 10 shares, totaling RMB 128 million, and a capital reserve conversion of 10 shares for every 10 shares held, increasing the total share capital to 320 million shares[54] - The company has no plans for profit distribution or capital reserve conversion for the half-year period[55] - The largest shareholder, Wei Zhonghao, increased his holdings from 56.61 million shares to 113.22 million shares, representing 35.38% of total shares[79] Governance and Compliance - The board of directors consists of 9 members, including 3 independent directors, complying with legal requirements[72] - The company has established various governance rules to ensure compliance and effective operation of the board and supervisory committee[71] - The company received a warning from the China Securities Regulatory Commission regarding short-term trading violations by an executive, which was acknowledged as an operational error[66] Research and Development - Research and development expenses increased slightly by 2.47% to ¥13.84 million from ¥13.51 million, indicating continued investment in innovation[28] - The company holds 34 domestic patents, including 33 invention patents, and has established partnerships with several universities for technology development[36] Financial Reporting and Accounting - The financial statements are prepared based on the accrual basis of accounting, in accordance with the relevant accounting standards[135] - The company recognizes impairment losses for held-to-maturity investments and loans based on the difference between their carrying amount and the present value of expected future cash flows[163] - The company assesses bad debt provisions for accounts receivable based on aging analysis, with provisions of 5% for 7-12 months, 20% for 1-2 years, 50% for 2-3 years, and 100% for over 3 years[168]