飞力达(300240) - 2024 Q3 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators Q3 2024 revenue grew 36.19% but net profit attributable to shareholders sharply declined 95.61%, while year-to-date operating cash flow surged 792.96% Key Financial Indicators for Q3 and Year-to-Date 2024 | Indicator | Current Period (Q3) | Year-to-Date | Year-to-Date YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 1,720,934,773.94 | 4,999,829,074.24 | +41.74% | | Net Profit Attributable to Shareholders (CNY) | 879,925.42 | 22,261,977.04 | -46.60% | | Net Profit Attributable to Shareholders Excluding Non-recurring Items (CNY) | -8,548,085.21 | -6,754,280.40 | -177.64% | | Net Cash Flow from Operating Activities (CNY) | - | 83,623,584.79 | +792.96% | | Basic EPS (CNY/share) | 0.0024 | 0.0600 | -46.76% | | Weighted Average ROE | 0.06% | 1.53% | -1.27 percentage points | | Total Assets (CNY) | - | 3,910,685,483.67 | +1.95% (vs. end of prior year) | | Shareholders' Equity (CNY) | - | 1,434,149,085.06 | -2.80% (vs. end of prior year) | Non-recurring Gains and Losses and Amounts Year-to-date, non-recurring gains and losses totaled 29.02 million CNY, primarily from government grants and asset disposals, significantly contributing to net profit Major Non-recurring Gains and Losses Year-to-Date | Item | Amount (CNY) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 12,630,488.08 | | Government Grants Recognized in Current P&L | 33,728,774.59 | | Total | 29,016,257.44 | Analysis of Changes in Key Financial Indicators and Reasons Key financial indicators showed significant changes, including surging construction in progress, revenue growth offset by exchange losses, and improved operating cash flow Analysis of Balance Sheet Item Changes Balance sheet items showed significant changes, with construction in progress surging 639.37% and long-term equity investments increasing 206.28%, alongside decreases in financial assets and prepayments - Construction in progress significantly increased by 639.37% compared to the beginning of the period, primarily due to increased investment in the 'Dongguan Feilida Electronic Components Distribution Center Project'[5] - Long-term equity investments increased by 206.28% compared to the beginning of the period, driven by the company's increased external investments during the period[5] - Long-term borrowings increased by 32.74% compared to the beginning of the period, also due to increased bank loans for the 'Dongguan Feilida Electronic Components Distribution Center Project' investment[5] Analysis of Income Statement Item Changes Year-to-date operating revenue grew 41.74%, but financial expenses surged 96.59% from exchange losses, and income tax expense soared 399.91%, collectively eroding profit - Operating revenue increased by 41.74% year-on-year, primarily benefiting from rising international air and sea freight prices and increased business volume[6] - Financial expenses increased by 96.59% year-on-year, mainly due to higher exchange losses incurred during the period[7] - Gains on asset disposal significantly increased by 361.96%, primarily due to the disposal of multiple assets during the period, contributing to profit[7] - Income tax expense sharply increased by 399.91% year-on-year, mainly influenced by the company's increased revenue, profit, and asset disposals[7] Analysis of Cash Flow Statement Item Changes Net cash flow from operating activities surged 792.96%, financing cash flow turned positive with a 462.50% increase, and investing cash outflow expanded 53.62% for project construction - Net cash flow from operating activities increased by 792.96% year-on-year, primarily due to increased cash receipts from operating activities driven by rising international air and sea freight prices and higher business volume[7] - Net cash outflow from investing activities expanded by 53.62%, mainly due to investments in the Dongguan Feilida Electronic Components Distribution Center Project[7] - Net cash flow from financing activities turned positive, increasing significantly by 462.50%, primarily due to increased bank borrowings obtained during the period[7] Shareholder Information Shareholding of Shareholders As of the end of the reporting period, the company had 23,248 common shareholders, with the top three shareholders acting in concert, collectively holding over 33% of the shares - The total number of common shareholders at the end of the reporting period was 23,248[8] - The top three shareholders, Kunshan Yatong Automobile Maintenance Service Co., Ltd., Kunshan Feida Investment Management Co., Ltd., and Kunshan Jilida Investment Consulting Co., Ltd., are parties acting in concert[9] Top Five Shareholders' Shareholding | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Kunshan Yatong Automobile Maintenance Service Co., Ltd. | 11.43% | 42,390,000 | | Kunshan Feida Investment Management Co., Ltd. | 11.43% | 42,390,000 | | Kunshan Jilida Investment Consulting Co., Ltd. | 10.85% | 40,223,625 | | Kunshan Chuangye Holding Group Co., Ltd. | 9.17% | 33,988,478 | | Geng Hao | 2.48% | 9,210,000 | Changes in Restricted Shares During the reporting period, the number of restricted shares held by the company's senior management remained unchanged at 8,184,071 shares, all classified as restricted shares for senior management - The total number of restricted shares remained unchanged during the reporting period, with both the beginning and end of period balances at 8,184,071 shares[10][11] - All restricted shares are senior management restricted shares, locked at a 75% ratio as per regulations[10][11] Other Significant Matters Other Significant Matters The company had no other significant matters requiring disclosure during the reporting period - The company had no other applicable or significant matters requiring disclosure in this reporting period[12] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2024, total assets were 3.91 billion CNY (+1.95% YoY), total liabilities 2.21 billion CNY (+5.36% YoY), and owners' equity attributable to the parent company 1.43 billion CNY (-2.80% YoY), with the asset-liability ratio rising to 56.53% Key Items from Consolidated Balance Sheet (September 30, 2024) | Item | Period-End Balance (CNY) | Period-Start Balance (CNY) | | :--- | :--- | :--- | | Total Assets | 3,910,685,483.67 | 3,835,884,774.85 | | Total Current Assets | 2,326,936,579.94 | 2,243,599,906.64 | | Total Non-current Assets | 1,583,748,903.73 | 1,592,284,868.21 | | Total Liabilities | 2,210,767,043.63 | 2,098,198,543.70 | | Total Current Liabilities | 1,892,304,607.88 | 1,769,816,790.81 | | Total Non-current Liabilities | 318,462,435.75 | 328,381,752.89 | | Total Owners' Equity | 1,699,918,440.04 | 1,737,686,231.15 | | Total Owners' Equity Attributable to Parent Company | 1,434,149,085.06 | 1,475,484,237.15 | Consolidated Income Statement (Year-to-Date) In the first three quarters of 2024, total operating revenue reached 5.00 billion CNY (+41.74% YoY), but net profit attributable to parent company shareholders was 22.26 million CNY (-46.60% YoY), with basic EPS at 0.0600 CNY (-46.76% YoY) Key Items from Consolidated Income Statement (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 4,999,829,074.24 | 3,527,560,227.92 | | Total Operating Costs | 5,001,016,434.88 | 3,523,428,196.89 | | Operating Profit | 48,905,350.19 | 45,196,320.03 | | Total Profit | 45,969,420.43 | 43,988,093.61 | | Net Profit | 35,092,084.73 | 41,812,220.98 | | Net Profit Attributable to Parent Company Shareholders | 22,261,977.04 | 41,689,341.03 | | Basic EPS (CNY/share) | 0.0600 | 0.1127 | Consolidated Cash Flow Statement (Year-to-Date) In the first three quarters of 2024, net cash flow from operating activities was 83.62 million CNY (+792.96% YoY), investing activities had a net outflow of 110.39 million CNY, and financing activities saw a net inflow of 80.27 million CNY Key Items from Consolidated Cash Flow Statement (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 83,623,584.79 | 9,364,789.36 | | Net Cash Flow from Investing Activities | -110,392,079.29 | -71,859,397.70 | | Net Cash Flow from Financing Activities | 80,272,411.21 | -22,143,931.15 | | Effect of Exchange Rate Changes on Cash | -10,545,418.45 | 12,557,440.93 | | Net Increase in Cash and Cash Equivalents | 42,958,498.26 | -72,081,098.56 | | Cash and Cash Equivalents at Period-End | 564,891,138.01 | 587,983,066.39 | Audit Information The company's 2024 third-quarter report is unaudited - The company's third-quarter report is unaudited[20]