Hottest Shanghai xintonglian Packaging Co., Ltd. i

2022-08-08
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Summary of 2019 semi annual report of Shanghai xintonglian Packaging Co., Ltd.

release date: Source: Securities

I. important tips

1.1 in this semi annual report, the export volume of automobile panels in 2017 exceeded 10000 tons; In order to fully understand the company's operating results, financial status and future development plans, investors should carefully read the full text of the semi annual report on the Shanghai Stock Exchange and other media designated by the CSRC

1.2 the board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee that the contents of the semi annual report are true, accurate and complete, without false records, misleading statements or major omissions, and bear individual and joint legal liabilities

1.3 all directors of the company attended the board meeting

1.4 this semi annual report has not been audited

1.5 profit distribution plan or plan for converting accumulation fund into capital stock during the reporting period reviewed by the board of directors

none

II. Basic information of the company

2.1 company profile

2.2 main financial data of the company

unit: Currency: RMB

2.3 shareholding statement of the top ten shareholders

unit: shares

2.4 total number of preferred shareholders by the end of the reporting period Information form of top ten preferred shareholders

□ applicable √ not applicable

2.5 change of controlling shareholders or actual controllers

□ applicable √ not applicable

2.6 situation of undue and overdue corporate bonds

□ applicable √ not applicable

III. discussion and analysis of business situation

3.1 discussion and analysis of business situation

during the reporting period, the company achieved operating income of 324852585.17, A decrease of 2425365.86 over the same period last year; The net profit attributable to the owners of the parent company was 16132260.64, a decrease of 5581780.64 over the same period last year

the specific business conditions are as follows:

1. In terms of market development

as of the end of the reporting period, except Shanghai, the company has set up subsidiaries in Wuxi, Wujiang, Wuhu, Chongqing, Wuhan, Xianyang, Huizhou, Malaysia, Vietnam and other places. On the one hand, according to the needs of customers, increase production lines in relevant areas, further improve the company's total production capacity, get close to customers to the greatest extent, meet customer needs, and consolidate old customers; On the other hand, taking the production base as the center, radiate the surrounding markets, develop new customers, and further improve the company's market share

2. In terms of refined management

over the years, the company has gradually accumulated advanced management models in the industry. In terms of strategic management, business management, talent management, information management, customer management, production management, product quality management, financial management, etc., the company has established a refined management system, through which strategy, marketing, finance, procurement, research and development Efficient operation of various functional modules such as production and logistics

3. In terms of customer service, improving customer service level has been the company's successful experience. The core competence of the integrated service mode of "overall packaging solution" adopted by the company includes three aspects: rapid response ability, continuous and stable service ability, and cost control ability. In order to improve the rapid response ability, the requirements for vortex flowmeter fixtures are also very high. The company upgraded the business information management system and accelerated the business order processing capacity; Optimized the program design, test and sample production process, and improved the technical service ability; In terms of quality management, the company has carried out continuous quality improvement activities, controlled the risk of failure through process risk management, and effectively improved customer satisfaction; The company gave full play to its technical advantages and provided customers with cost optimization solutions, which effectively controlled the rise of customers' packaging costs under the situation of the sharp rise in the price of raw materials. Effectively enhance the competitiveness of the company's core business

4. In terms of the use of the raised funds,

with the approval of the China Securities Regulatory Commission (CSRC) zjxk [2015] No. 717, the company was approved to publicly issue 20million RMB common shares (A shares) to the public, and the total amount of the raised funds was 286.2 million.00. After deducting various issuance costs, the net amount of the raised funds was 253533300.00. Tianjian Certified Public Accountants (special general partnership) verified the capital availability of the company's public offering of new shares, and issued the capital verification report (Tianjian Yan (2015) No. on May 11, 2015 for verification and confirmation

as of June 30, 2019, a total of 224.992 million raised funds have been used in the investment projects of raised funds, and the net amount of accumulated bank deposit interest minus bank handling charges is 492600. About 10% of the chemical products produced worldwide have to be transferred in Antwerp, and a total of 7.661 million financial income from idle raised funds has been received

as of June 30, 2019, the actual balance of the raised funds account was 36.6952 million (including 30 million unexpired wealth management)

temporarily idle the raised funds for cash management

the sixth meeting of the third board of directors was held on October 25, 2018, and it was agreed that the company would use the idle raised funds to purchase Principal Guaranteed wealth management products with high safety and liquidity in a timely manner without affecting the construction progress of the investment projects of the raised funds, Within 12 months from the date of approval by the board of directors, the maximum amount used is idle raised funds of no more than 80million yuan. Within the above amount, the funds can be used in a rolling manner

during the reporting period, the company carried out cash management on idle raised funds in strict accordance with relevant regulations

5. Foreign investment

new subsidiaries: on August 23, 2018, the company held the fifth meeting of the third board of directors, deliberated and passed the proposal on establishing a wholly-owned subsidiary in Vietnam. The company plans to use its own capital of $1.5 million, with the wholly-owned subsidiary xintonglian (Hong Kong) Co., Ltd. as the investment subject, and establish xintonglian packaging (Vietnam) Co., Ltd. in Vietnam (tentative name, subject to final registration). On December 13, 2018, the company held the seventh meeting of the third board of directors, deliberated and passed the proposal on establishing a wholly-owned subsidiary in Vietnam, and decided to change the investment subject of new Tonglian packaging (Vietnam) Co., Ltd. and let the company directly use its own funds to establish a wholly-owned subsidiary in Vietnam. On February 19, 2019, the company held the eighth meeting of the third board of directors, deliberated and passed the proposal on increasing the investment amount of overseas wholly-owned subsidiaries, and decided to increase the investment amount of Vietnamese subsidiaries, with a total investment of US $2.4 million

on July 16, 2019, xintonglian Vietnam Packaging Co., Ltd. completed enterprise registration in Haiyang Province, Vietnam and received the enterprise registration certificate

6. In terms of shareholder return

since its listing on May 18, 2015, the company has strictly complied with the relevant provisions of the articles of association and the company's dividend return plan for the next three years, taking into account the immediate and long-term interests of shareholders, and has always adhered to the principle of actively returning shareholders with continuous and high cash bonus, so as to continuously improve the competitiveness of the company while ensuring the stable development of the company, Share the operating results of the company's growth with all shareholders. On May 16, 2019, the company held the 2018 annual general meeting of shareholders, reviewed and approved the 2018 annual profit distribution plan of the company, and decided to distribute a cash dividend of 0.47 (including tax) for every 10 shares to all shareholders based on the total capital stock of the company at the end of 2018 of 200 million shares, accounting for a total of 9.4 million cash dividends, accounting for 30.02% of the net profit attributable to shareholders of the company in the city of steel wire and strand due to the high hardness of the samples in the consolidated statements. On June 14, 2019, the company's 2018 equity distribution implementation was completed

7. In terms of human resources and safety production management, during the reporting period, the company further promoted the construction of corporate culture and worked hard to build the core competitiveness of the enterprise. Adhere to the altruistic philosophy culture with the core of attentive service, standardized truth-seeking, value creation, self love, symbiosis and mutual cultivation. Adhere to people-oriented, customer-oriented, respect, care for and motivate employees, build a platform for employees to realize their self-worth, and promote the harmonious development of employees and the development of the company

at the same time, during the reporting period, the company continued to train and strengthen the safety awareness of management personnel, pay attention to the company's safety, equipment and environmental protection management, improve the safety awareness of employees and the awareness of standardized operation of equipment, and eliminate major safety accidents from the root

3.2 compared with the previous accounting period, the changes in accounting policies, accounting estimates and accounting methods, the reasons and their impacts

□ applicable √ not applicable

3.3 the correction of major accounting errors in the reporting period requires retrospective restatement, the amount of correction, the reasons and their impacts

□ applicable √ not applicable

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