同大股份(300321) - 2018 Q2 - 季度财报

Financial Performance - Total revenue for the reporting period was ¥228,969,027.22, an increase of 1.71% compared to ¥225,115,163.85 in the same period last year[18]. - Net profit attributable to shareholders was ¥11,633,815.91, representing a growth of 20.74% from ¥9,635,316.98 year-on-year[18]. - Net profit after deducting non-recurring gains and losses was ¥10,574,675.78, up 34.26% from ¥7,876,148.70 in the previous year[18]. - Basic earnings per share increased to ¥0.1310, a rise of 20.74% compared to ¥0.1085 in the same period last year[18]. - Operating profit for the current period is ¥12,952,057.54, up from ¥10,335,463.40, indicating a growth of approximately 25.5%[114]. - Cash flow from operating activities generated a net amount of ¥6,531,702.17, slightly down from ¥6,667,579.21 in the previous period[117]. - The comprehensive income for the current period amounts to CNY 11,633,815.91, indicating a significant increase compared to the previous period's comprehensive income[121]. Assets and Liabilities - Total assets at the end of the reporting period were ¥745,113,649.40, reflecting a 3.26% increase from ¥721,589,835.65 at the end of the previous year[18]. - The total liabilities of the company were RMB 145,954,112.90, compared to RMB 128,736,115.06 at the beginning of the period, marking an increase of about 13.4%[110]. - The company's equity attributable to shareholders reached RMB 599,159,536.50, slightly up from RMB 592,853,720.59, indicating a growth of approximately 1.1%[111]. - The cash and cash equivalents decreased to RMB 141,068,701.89 from RMB 149,162,294.12, indicating a decline of about 5.4%[108]. Cash Flow - The company reported a net decrease in cash and cash equivalents of ¥8,204,564.23, a significant improvement of 92.90% from a decrease of ¥115,495,198.84 in the previous year[40]. - Cash flow from investing activities resulted in a net outflow of ¥12,537,979.17, an improvement from a net outflow of ¥110,867,202.51 in the previous period[118]. Research and Development - Research and development expenses grew by 6.61% to ¥11,512,458.34, up from ¥10,798,549.56 year-on-year[40]. - The company has received recognition as a provincial-level enterprise technology center and engineering technology research center, highlighting its R&D capabilities[32]. - The company has established a large customer strategy, focusing on developing major clients and enhancing customer satisfaction and loyalty[37]. Market Position and Strategy - The company's main business includes the production and sale of eco-friendly ultra-fine synthetic leather, primarily used in footwear, furniture, sports goods, and automotive interiors[26]. - The company has achieved a significant market presence, exporting products to Europe, America, and Southeast Asia, with a recognized brand in the ultra-fine leather sector[29]. - The company plans to continue expanding its market presence and is focused on developing new materials and technologies to enhance its product offerings[126]. - The company has implemented strategies for market expansion, including potential mergers and acquisitions to strengthen its competitive position[126]. Risks and Challenges - The company faces risks related to accounts receivable, exchange rate fluctuations, management, and rising costs of raw materials[4]. - The company plans to enhance management and technology investments to mitigate these risks[57]. Corporate Governance - The company has made commitments regarding share transfers, ensuring that no more than 25% of their directly and indirectly held shares will be transferred during their tenure[62]. - The company has strictly fulfilled its commitments made during the initial public offering and refinancing, including restrictions on share transfers for a period of six months post-employment[63]. - The company has committed to not engaging in similar business activities as its listed company to avoid potential competition, and this commitment has been strictly adhered to[64]. Compliance and Regulations - The company does not belong to the key pollutant discharge units as per environmental protection regulations[84]. - The company has not faced any penalties or corrective actions during the reporting period[71]. - The financial statements are prepared based on the going concern assumption and comply with the relevant accounting standards[129]. Accounting Policies - The company has specific accounting policies for bad debt provisions, fixed asset depreciation, and revenue recognition[131]. - The company applies an aging analysis method for bad debt provision, with rates of 5% for receivables within 1 year, 10% for 1-2 years, 20% for 2-3 years, 50% for 3-4 years, and 100% for 4-5 years[167]. - The company utilizes the straight-line method for depreciation of fixed assets, with building depreciation rates ranging from 2.11% to 4.75% over 20-45 years[181].