透景生命(300642) - 2024 Q3 - 季度财报

Important Notice This report confirms the board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, with key personnel responsible for financial information, and notes that the report is unaudited - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report and assume legal responsibility[2] - The company's principal, head of accounting, and head of accounting department declare to guarantee the truthfulness, accuracy, and completeness of financial information[2] - The third quarterly report is unaudited[2] I. Key Financial Data This section outlines the company's key accounting data and financial indicators for Q3 2024 and year-to-date, details non-recurring gains and losses, and analyzes changes and their causes (I) Key Accounting Data and Financial Indicators The company's Q3 2024 operating revenue decreased by 15.92% year-over-year, while net profit attributable to shareholders increased by 120.53%; year-to-date operating revenue declined by 20.01%, and net profit attributable to shareholders decreased by 43.16% | Indicator | Current Period (Q3 2024) (RMB) | YoY Change | Year-to-Date (YTD 2024) (RMB) | YoY Change | | :--------------------------------------------------------- | :----------------------------- | :--------- | :---------------------------- | :--------- | | Operating Revenue (RMB) | 105,248,325.92 | -15.92% | 320,918,983.86 | -20.01% | | Net Profit Attributable to Shareholders (RMB) | 17,758,890.01 | 120.53% | 24,392,882.81 | -43.16% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items (RMB) | 11,261,555.70 | 491.28% | 14,373,273.38 | -48.27% | | Net Cash Flow from Operating Activities (RMB) | -- | -- | 111,225,112.81 | -2.68% | | Basic Earnings Per Share (RMB/share) | 0.1094 | 121.91% | 0.1503 | -42.79% | | Diluted Earnings Per Share (RMB/share) | 0.1094 | 121.91% | 0.1503 | -42.79% | | Weighted Average Return on Net Assets | 1.16% | 0.63% | 1.59% | -1.30% | | Period-End Data | Current Period-End (RMB) | Prior Year-End (RMB) | Change from Prior Year-End (%) | | | Total Assets (RMB) | 1,687,571,732.60 | 1,679,750,534.07 | 0.47% | | | Total Equity Attributable to Shareholders (RMB) | 1,508,528,721.09 | 1,528,513,925.73 | -1.31% | | (II) Non-Recurring Gains and Losses and Amounts Total non-recurring gains and losses for the current period amounted to RMB 6,497,334.31, and RMB 10,019,609.43 year-to-date, primarily from non-current asset disposal gains/losses, government grants, and fair value changes of financial assets | Item | Current Period Amount (RMB) | Year-to-Date Amount (RMB) | | :------------------------------------------------------------------------------------------------------------------------------------------ | :-------------------------- | :------------------------ | | Gains/losses from disposal of non-current assets (including the write-off of impairment provisions) | 1,203,718.03 | 1,042,489.75 | | Government grants recognized in current profit or loss (excluding those closely related to normal business operations, compliant with national policies, enjoyed at fixed standards, and with continuous impact on company profit or loss) | 2,677,306.95 | 3,481,947.84 | | Gains/losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and gains/losses from disposal of financial assets and liabilities (excluding effective hedging activities related to normal business operations) | 3,893,024.69 | 8,174,592.07 | | Other non-operating income and expenses apart from the above | -130,126.95 | -1,014,355.99 | | Other items that meet the definition of non-recurring gains and losses | 0.00 | 103,102.13 | | Less: Income tax impact | 1,146,588.41 | 1,768,166.37 | | Total | 6,497,334.31 | 10,019,609.43 | - The company does not classify non-recurring gains and losses listed in "Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public—Non-Recurring Gains and Losses" as recurring gains and losses[4] (III) Changes and Reasons for Key Accounting Data and Financial Indicators Significant changes occurred across balance sheet, income statement, and cash flow statement items, with notable increases in financial assets, construction in progress, intangible assets, and borrowings, alongside decreases in payables and certain expenses, while investment cash flow significantly reduced and financing cash flow turned positive Balance Sheet Item Changes | Balance Sheet Item | September 30, 2024 (RMB) | January 1, 2024 (RMB) | Change (%) | Reason for Change | | :------------------------------------- | :----------------------- | :-------------------- | :--------- | :----------------------------------------------------- | | Financial assets held for trading | 198,755,103.01 | 103,018,353.96 | 92.93% | Increase in wealth management product purchases | | Long-term equity investments | 114,805,517.86 | 88,069,200.73 | 30.36% | Increase in external investments | | Construction in progress | 105,532,843.28 | 56,717,212.31 | 86.07% | Progress in headquarters and industrial base project construction | | Intangible assets | 50,646,270.26 | 10,140,580.65 | 399.44% | Acquisition of land use rights for headquarters and industrial base project | | Long-term prepaid expenses | 5,214,469.61 | 9,417,111.20 | -44.63% | Decrease in subsidiary's long-term prepaid expenses | | Short-term borrowings | 6,337,179.05 | 344,187.22 | 1741.20% | Increase in short-term borrowings | | Accounts payable | 34,502,898.67 | 68,306,270.70 | -49.49% | Decrease in raw material and equipment purchases on credit | | Employee benefits payable | 6,036,333.33 | 11,775,801.04 | -48.74% | Decrease in accrued but unpaid salaries | | Other payables | 12,958,657.75 | 25,494,408.74 | -49.17% | Decrease in restricted stock repurchase obligations | | Long-term borrowings | 70,105,101.99 | 0.00 | — | Increase in new loans for headquarters and industrial base project under construction | | Deferred income | 10,514,889.45 | 6,560,199.75 | 60.28% | Increase in asset-related government grants received by subsidiaries | | Non-controlling interests | 13,257,555.85 | 7,189,990.08 | 84.39% | Increase in equity due to increased minority shareholder investment in subsidiary equity financing | | Treasury stock | 34,816,749.28 | 21,398,640.00 | 62.71% | Share repurchase using own funds | Income Statement Item Changes | Income Statement Item | Year-to-Date (RMB) | Prior Period Amount (RMB) | Change (%) | Reason for Change | | :--------------------------------------------------- | :----------------- | :------------------------ | :--------- | :---------------------------------------------------------------------------------------- | | Operating Revenue | 320,918,983.86 | 401,182,559.69 | -20.01% | Impacted by market environment changes and centralized procurement policies, main business revenue decreased | | Operating Cost | 112,516,196.45 | 147,321,873.47 | -23.63% | Decreased with sales revenue | | Administrative Expenses | 25,769,232.43 | 39,256,744.43 | -34.36% | Decrease in equity incentive costs | | Financial Expenses | -2,162,872.40 | -4,677,242.19 | 53.76% | Decrease in deposit interest income | | Other Income | 3,585,049.97 | 8,081,324.77 | -55.64% | Decrease in government grants recognized compared to historical periods | | Investment Income | 1,508,551.44 | 10,038,209.65 | -84.97% | Decrease in profit from equity method investments compared to historical periods | | Gains from Changes in Fair Value | 902,357.76 | 4,563,703.15 | -80.23% | Fair value changes of financial assets held for trading | | Asset Impairment Losses (losses indicated by '-') | -6,879,986.46 | 184,414.80 | -3830.71% | Increase in impairment provisions for certain inventories | | Income Tax Expense | 2,764,059.22 | 1,047,173.21 | 163.95% | Differences between tax treatment methods and accounting standards | Cash Flow Statement Item Changes | Cash Flow Statement Item | Year-to-Date (RMB) | Prior Period Amount (RMB) | Change (%) | Reason for Change | | :----------------------------------------- | :----------------- | :------------------------ | :--------- | :------------------------------------------------- | | Net Cash Flow from Operating Activities | 111,225,112.81 | 114,284,975.31 | -2.68% | No significant change | | Net Cash Flow from Investing Activities | -242,800,556.74 | 64,030,412.52 | -479.20% | Increase in wealth management product purchases | | Net Cash Flow from Financing Activities | 21,073,955.13 | -24,683,121.29 | 185.38% | Increase in cash received from borrowing compared to prior year | II. Shareholder Information This section discloses the total number of common shareholders, the top ten common shareholders' holdings, and changes in restricted shares, including executive lock-up shares and equity incentive restricted shares, as of the end of the reporting period (I) Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 16,267 common shareholders, with Yao Jianer holding the largest stake at 20.09%, followed by Lingfei Group Co., Ltd. at 7.38%, and UBS AG at 5.07% - The total number of common shareholders at the end of the reporting period was 16,267[9] | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Number of Restricted Shares Held | Share Status | Amount (RMB) | | :------------------------------------------------------------------------ | :-------------------------- | :---------------------- | :-------------------- | :------------------------------- | :----------- | :----------- | | Yao Jianer | Domestic Natural Person | 20.09% | 32,753,700 | 24,565,275 | Pledged | 5,210,000 | | Lingfei Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 7.38% | 12,035,800 | 0 | Pledged | 10,180,000 | | UBS AG | Foreign Legal Person | 5.07% | 8,271,877 | 0 | N/A | 0 | | Shanghai Pudong New Star Newstar Venture Capital Co., Ltd. | State-Owned Legal Person | 4.71% | 7,683,660 | 0 | N/A | 0 | | MERRILL LYNCH INTERNATIONAL | Foreign Legal Person | 2.78% | 4,530,257 | 0 | N/A | 0 | | Zhuhai Abama Asset Management Co., Ltd. - Abama Yuanxianghong | Other | 1.96% | 3,200,000 | 0 | N/A | 0 | | Goldman Sachs & Co. LLC | Foreign Legal Person | 1.94% | 3,169,703 | 0 | N/A | 0 | | Zhuhai Abama Asset Management Co., Ltd. - Abama Yuanxianghong Li No. 56 Private Securities Investment Fund | Other | 1.69% | 2,754,459 | 0 | N/A | 0 | | Shanghai Rongzhen Investment Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.45% | 2,364,895 | 0 | N/A | 0 | | MORGAN STANLEY & CO. INTERNATIONAL PLC. | Foreign Legal Person | 1.11% | 1,804,357 | 0 | N/A | 0 | - The company's dedicated share repurchase account holds 1,946,150 shares of the company[9] (III) Changes in Restricted Shares At the end of the reporting period, the company's total restricted shares amounted to 25,337,475 shares, primarily comprising executive lock-up shares and equity incentive restricted shares, with Yao Jianer holding 24,565,275 executive lock-up shares | Shareholder Name | Restricted Shares at Beginning of Period | Shares Unlocked in Current Period | Shares Added to Restriction in Current Period | Restricted Shares at End of Period | Reason for Restriction | Proposed Unlocking Date | | :--------------- | :--------------------------------------- | :-------------------------------- | :-------------------------------------------- | :--------------------------------- | :-------------------------- | :-------------------------------------------------------------------------------------- | | Yao Jianer | 24,565,275 | 0 | 0 | 24,565,275 | Executive Lock-up Shares | 25% of total shares held at year-end can be listed annually during tenure | | Yang Enhuan | 29,000 | 0 | 0 | 16,500 | Equity Incentive Restricted Shares | Unrestricted or repurchased and cancelled according to the 2020 and 2023 equity incentive plans | | Wang Xiaoqing | 29,000 | 0 | 0 | 16,500 | Equity Incentive Restricted Shares | Unrestricted or repurchased and cancelled according to the 2020 and 2023 equity incentive plans | | Sheng Ye | 29,000 | 0 | 0 | 16,500 | Equity Incentive Restricted Shares | Unrestricted or repurchased and cancelled according to the 2020 and 2023 equity incentive plans | | SHE BIN | 9,000 | 0 | 0 | 4,500 | Equity Incentive Restricted Shares | Unrestricted or repurchased and cancelled according to the 2020 equity incentive plan | | Other Restricted Shares | 1,758,000 | 0 | 0 | 718,200 | Equity Incentive Restricted Shares | Unrestricted or repurchased and cancelled according to their respective 2020 and 2023 equity incentive plans | | Total | 26,419,275 | 0 | 0 | 25,337,475 | -- | -- | III. Other Important Matters There are no other important matters requiring disclosure by the company during the current reporting period - The company has no other important matters during the current reporting period[11] IV. Quarterly Financial Statements This section presents the company's unaudited consolidated balance sheet as of September 30, 2024, and the consolidated income statement and cash flow statement for the year-to-date period (I) Financial Statements This section includes the company's unaudited consolidated balance sheet, income statement, and cash flow statement, comprehensively reflecting its financial position and operating results at the end of the reporting period 1. Consolidated Balance Sheet As of September 30, 2024, total assets were RMB 1,687,571,732.60, a slight increase from the beginning of the period, with total current assets at RMB 859,912,080.38 and total non-current assets at RMB 827,659,652.22. Total liabilities were RMB 165,785,455.66, and total owner's equity was RMB 1,521,786,276.94 | Item | Period-End Balance (Sep 30, 2024) (RMB) | Period-Start Balance (Jan 01, 2024) (RMB) | | :----------------------------------------- | :-------------------------------------- | :---------------------------------------- | | Cash and Cash Equivalents | 277,924,121.50 | 389,311,229.69 | | Financial Assets Held for Trading | 198,755,103.01 | 103,018,353.96 | | Accounts Receivable | 226,853,753.14 | 246,639,847.00 | | Inventories | 128,032,134.21 | 159,841,763.63 | | Total Current Assets | 859,912,080.38 | 929,863,547.43 | | Long-term Equity Investments | 114,805,517.86 | 88,069,200.73 | | Fixed Assets | 207,979,803.14 | 248,836,831.03 | | Construction in Progress | 105,532,843.28 | 56,717,212.31 | | Intangible Assets | 50,646,270.26 | 10,140,580.65 | | Total Non-Current Assets | 827,659,652.22 | 749,886,986.64 | | Total Assets | 1,687,571,732.60 | 1,679,750,534.07 | | Short-term Borrowings | 6,337,179.05 | 344,187.22 | | Accounts Payable | 34,502,898.67 | 68,306,270.70 | | Total Current Liabilities | 82,100,608.88 | 131,379,231.00 | | Long-term Borrowings | 70,105,101.99 | 0.00 | | Total Non-Current Liabilities | 83,684,846.78 | 12,667,387.26 | | Total Liabilities | 165,785,455.66 | 144,046,618.26 | | Total Equity Attributable to Parent Company Shareholders | 1,508,528,721.09 | 1,528,513,925.73 | | Non-controlling Interests | 13,257,555.85 | 7,189,990.08 | | Total Equity | 1,521,786,276.94 | 1,535,703,915.81 | 2. Consolidated Income Statement for the Period from Year-Beginning to Report End As of September 30, 2024, year-to-date total operating revenue was RMB 320,918,983.86, a 20.01% year-over-year decrease; net profit was RMB 19,767,610.53, with net profit attributable to parent company shareholders at RMB 24,392,882.81, down 43.16% year-over-year | Item | Current Period Amount (YTD 2024) (RMB) | Prior Period Amount (YTD 2023) (RMB) | | :--------------------------------------------------------- | :------------------------------------- | :----------------------------------- | | Total Operating Revenue | 320,918,983.86 | 401,182,559.69 | | Total Operating Costs | 287,293,766.22 | 373,678,948.58 | | Operating Profit (Loss indicated by '-') | 23,569,341.63 | 41,492,254.54 | | Total Profit (Total Loss indicated by '-') | 22,531,669.75 | 41,048,518.15 | | Net Profit (Net Loss indicated by '-') | 19,767,610.53 | 40,001,344.94 | | Net Profit Attributable to Parent Company Shareholders (Net Loss indicated by '-') | 24,392,882.81 | 42,911,929.87 | | Non-controlling Interests (Net Loss indicated by '-') | -4,625,272.28 | -2,910,584.93 | | Total Comprehensive Income | 19,996,771.99 | 40,001,344.94 | | Basic Earnings Per Share | 0.1503 | 0.2627 | | Diluted Earnings Per Share | 0.1503 | 0.2627 | 3. Consolidated Cash Flow Statement for the Period from Year-Beginning to Report End As of September 30, 2024, year-to-date net cash flow from operating activities was RMB 111,225,112.81, a slight decrease; net cash flow from investing activities was -RMB 242,800,556.74, mainly due to increased purchases of wealth management products; and net cash flow from financing activities was RMB 21,073,955.13, primarily due to increased borrowings | Item | Current Period Amount (YTD 2024) (RMB) | Prior Period Amount (YTD 2023) (RMB) | | :------------------------------------- | :------------------------------------- | :----------------------------------- | | Net Cash Flow from Operating Activities | 111,225,112.81 | 114,284,975.31 | | Net Cash Flow from Investing Activities | -242,800,556.74 | 64,030,412.52 | | Net Cash Flow from Financing Activities | 21,073,955.13 | -24,683,121.29 | | Net Increase in Cash and Cash Equivalents | -111,387,108.19 | 153,227,594.32 | | Cash and Cash Equivalents at Period-End | 263,290,121.50 | 396,712,236.53 | (III) Audit Report This quarterly report has not been audited - The company's third quarterly report is unaudited[19]