同益中(688722) - 2024 Q3 - 季度财报

Key Highlights This section provides an overview of the company's key financial performance and shareholder information for the reporting period Key Financial Data This chapter outlines the company's key financial performance for Q3 2024 and year-to-date, including revenue, net profit, EPS, and R&D investment, detailing non-recurring gains/losses and explaining key financial indicator changes Key Accounting Data and Financial Indicators This section presents a detailed table of key accounting data and financial indicators for the current period and year-to-date Key Accounting Data and Financial Indicators (Current Period and Year-to-Date) | Item | Current Period (RMB) | Change from Prior Year Period (%) | Year-to-Date (RMB) | Year-to-Date Change from Prior Year Period (%) | | :----------------------------------------------------------- | :-------------- | :-------------------------------- | :------------------ | :--------------------------------------------- | | Operating Revenue | 173,171,839.25 | 34.26 | 427,642,205.90 | -17.57 | | Net Profit Attributable to Shareholders of Listed Company | 34,396,871.10 | -7.24 | 81,498,766.65 | -38.49 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-recurring Gains and Losses | 34,283,455.08 | 3.89 | 77,143,992.64 | -36.66 | | Net Cash Flow from Operating Activities | N/A | N/A | 117,784,401.50 | 121.85 | | Basic Earnings Per Share (RMB/share) | 0.15 | -11.76 | 0.36 | -38.98 | | Diluted Earnings Per Share (RMB/share) | 0.15 | -11.76 | 0.36 | -38.98 | | Weighted Average Return on Net Assets (%) | 2.70 | decreased by 0.41 percentage points | 6.46 | decreased by 4.22 percentage points | | Total R&D Investment | 11,272,165.36 | 27.48 | 25,608,476.19 | -1.07 | | R&D Investment as % of Operating Revenue (%) | 6.51 | decreased by 0.35 percentage points | 5.99 | increased by 1.00 percentage points | | Total Assets (End of Current Period) | 1,528,368,107.24 | | | 5.20 (vs. Prior Year-End) | | Shareholders' Equity Attributable to Shareholders of Listed Company (End of Current Period) | 1,292,059,930.84 | | | 5.09 (vs. Prior Year-End) | Non-recurring Gains and Losses Items and Amounts This section details the specific items and amounts of non-recurring gains and losses for the current period and year-to-date Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | Current Period Amount (RMB) | Year-to-Date Amount (RMB) | | :------------------------------------------------------------------------------------------------------------------------------------------- | :------------ | :---------------------- | | Gains/losses from disposal of non-current assets, including reversal of asset impairment provisions | 2,782.33 | -33,632.34 | | Government subsidies recognized in current profit/loss, excluding those closely related to normal business, compliant with national policies, enjoyed by fixed standards, and with continuous impact on company's profit/loss | 146,207.97 | 5,483,171.25 | | Other non-operating income and expenses apart from the above | -19,600.00 | -19,400.00 | | Other gains/losses meeting the definition of non-recurring gains/losses | - | 106,578.39 | | Less: Income tax impact | 19,408.54 | 830,507.59 | | Minority shareholder equity impact (after tax) | -3,434.26 | 351,435.70 | | Total | 113,416.02 | 4,354,774.01 | Changes and Reasons for Key Accounting Data and Financial Indicators This section explains the primary reasons behind significant changes in key accounting data and financial indicators - Operating revenue for the current period increased by 34.26% year-on-year, primarily due to expanded business scale and a recovery in composite material orders[6] - Net profit attributable to shareholders of the listed company decreased by 38.49% year-to-date, mainly due to the combined impact of lower fiber sales prices and reduced composite material orders[7] - Net cash flow from operating activities increased by 121.85% year-to-date, primarily benefiting from improved operating quality during the period[7] Shareholder Information This section provides details on the company's shareholder structure, including the total number of shareholders and the top ten holders Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings This chapter details the total number of common shareholders and the top ten common shareholders' holdings, including share count, proportion, and nature of shares, along with related party relationships - Total number of common shareholders was 6,555 at the end of the reporting period[8] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Proportion (%) | | :--------------------------------------------------------------------------- | :--------------------------- | :---------------------------- | :-------------------------- | | China SDIC International Trade Co., Ltd. | State-owned Legal Person | 83,940,000 | 37.36 | | National Industrial Investment Fund Co., Ltd. | State-owned Legal Person | 28,570,000 | 12.72 | | Shanghai Industrial Private Equity Fund Management Co., Ltd. - Shanghai Industrial Equity Investment Partnership (Limited Partnership) | Other | 5,124,937 | 2.28 | | Essence Securities Investment Co., Ltd. | Domestic Non-state-owned Legal Person | 2,808,335 | 1.25 | | Tongyizhong (Xintai) Enterprise Management Partnership (Limited Partnership) | Other | 2,370,000 | 1.05 | | Shanghai Xingsheng International Trade Co., Ltd. | State-owned Legal Person | 2,000,000 | 0.89 | | Zhang Qiongfang | Domestic Natural Person | 1,921,000 | 0.86 | | Tan Wenqiong | Domestic Natural Person | 1,711,000 | 0.76 | | Zhu Yuemin | Domestic Natural Person | 1,673,354 | 0.74 | | Yang Hong | Domestic Natural Person | 1,628,054 | 0.72 | - Shanghai Xingsheng International Trade Co., Ltd. is a wholly-owned subsidiary of China SDIC International Trade Co., Ltd., and Essence Securities Investment Co., Ltd. and China SDIC International Trade Co., Ltd. are under the control of the same ultimate beneficial owner[9] Other Reminders This section confirms there are no other significant matters requiring investor attention during the reporting period - There is no other significant information regarding the company's operating performance during the reporting period that requires investor attention[11] Quarterly Financial Statements This section presents the company's unaudited consolidated financial statements for the third quarter of 2024 Type of Audit Opinion The quarterly financial statements are unaudited - The third-quarter financial statements are unaudited[2][11] Financial Statements This chapter provides the company's consolidated balance sheet as of September 30, 2024, and the consolidated income statement and cash flow statement for the first three quarters of 2024, detailing assets, liabilities, equity, operating results, and cash flow Consolidated Balance Sheet This section presents the company's consolidated balance sheet as of September 30, 2024, and December 31, 2023 Total Assets | Item | September 30, 2024 (RMB) | December 31, 2023 (RMB) | Change (%) | | :----------------- | :----------------- | :------------------ | :------- | | Total Current Assets | 729,045,925.39 | 714,266,726.71 | 2.07 | | Total Non-current Assets | 799,322,181.85 | 738,599,794.38 | 8.22 | | Total Assets | 1,528,368,107.24 | 1,452,866,521.09 | 5.20 | Total Liabilities and Owners' Equity | Item | September 30, 2024 (RMB) | December 31, 2023 (RMB) | Change (%) | | :--------------------------- | :----------------- | :------------------ | :------- | | Total Current Liabilities | 133,066,088.87 | 123,945,075.86 | 7.36 | | Total Non-current Liabilities | 28,107,379.44 | 27,232,003.83 | 3.21 | | Total Liabilities | 161,173,468.31 | 151,177,079.69 | 6.61 | | Total Owners' Equity | 1,367,194,638.93 | 1,301,689,441.40 | 5.03 | | Total Liabilities and Owners' Equity | 1,528,368,107.24 | 1,452,866,521.09 | 5.20 | - As of September 30, 2024, fixed assets were RMB 697,040,723.25, a significant increase from RMB 448,463,631.13 at the end of 2023[12] - As of September 30, 2024, construction in progress was RMB 16,740,571.42, a substantial decrease from RMB 186,480,100.44 at the end of 2023[12] Consolidated Income Statement This section presents the company's consolidated income statement for the first three quarters of 2024 and 2023 Total Operating Revenue and Cost (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | Change (%) | | :----------------- | :------------------ | :------------------ | :------- | | Total Operating Revenue | 427,642,205.90 | 518,805,982.29 | -17.57 | | Operating Cost | 269,821,856.84 | 315,020,019.80 | -14.34 | Profit Performance (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | Change (%) | | :--------------------------------------- | :------------------ | :------------------ | :------- | | Operating Profit | 98,311,530.19 | 157,421,259.57 | -37.56 | | Total Profit | 98,255,715.52 | 157,403,170.03 | -37.58 | | Net Profit | 84,428,196.85 | 133,518,373.88 | -36.77 | | Net Profit Attributable to Parent Company Shareholders | 81,498,766.65 | 132,507,087.66 | -38.49 | Earnings Per Share (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB/share) | Q1-Q3 2023 (RMB/share) | Change (%) | | :------------------- | :--------------------- | :--------------------- | :------- | | Basic Earnings Per Share | 0.36 | 0.59 | -38.98 | | Diluted Earnings Per Share | 0.36 | 0.59 | -38.98 | - R&D expenses for Q1-Q3 2024 were RMB 25,608,476.19, a slight decrease from RMB 25,884,227.89 in the same period last year[3][14] Consolidated Cash Flow Statement This section presents the company's consolidated cash flow statement for the first three quarters of 2024 and 2023 Cash Flow from Operating Activities (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | Change (%) | | :--------------------------------- | :------------------ | :------------------ | :------- | | Subtotal Cash Inflows from Operating Activities | 464,396,053.38 | 492,773,046.86 | -5.76 | | Subtotal Cash Outflows from Operating Activities | 346,611,651.88 | 439,680,112.61 | -21.21 | | Net Cash Flow from Operating Activities | 117,784,401.50 | 53,092,934.25 | 121.85 | Cash Flow from Investing Activities (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | Change (%) | | :----------------------------------------------------------- | :------------------ | :------------------ | :------- | | Subtotal Cash Inflows from Investing Activities | 0 | 69,774.00 | -100.00 | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 90,871,555.16 | 153,306,201.08 | -40.72 | | Net Cash Flow from Investing Activities | -90,871,555.16 | -153,236,427.08 | 40.70 | Cash Flow from Financing Activities (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | Change (%) | | :--------------------------------------------------- | :------------------ | :------------------ | :------- | | Cash Received from Borrowings | 17,061,500.00 | 0 | N/A | | Cash Paid for Debt Repayment | 24,876,481.00 | 22,553,125.00 | 10.30 | | Cash Paid for Distribution of Dividends, Profits, or Interest Payments | 20,905,264.54 | 100,224,439.28 | -79.15 | | Net Cash Flow from Financing Activities | -28,732,439.28 | -129,786,292.39 | 77.85 | - Net increase in cash and cash equivalents for Q1-Q3 2024 was RMB -35,669.15, with an ending balance of RMB 447,594,686.95[19][20]