华宇软件(300271) - 2024 Q3 - 季度财报

Major Financial Data Major Accounting Data and Financial Indicators In Q3 2024, revenue decreased by 9.90% to 276 million RMB, while year-to-date revenue slightly increased by 0.26% to 942 million RMB, with total assets decreasing by 9.70% Major Financial Data for Q3 and Q1-Q3 2024 | Indicator | Current Period (Q3) | YoY Change in Current Period | Year-to-Date (Q1-Q3) | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 276,152,885.65 | -9.90% | 942,060,870.03 | 0.26% | | Net Profit Attributable to Shareholders of Listed Company (RMB) | -100,830,538.39 | 10.44% | -263,417,760.41 | 1.05% | | Net Profit Attributable to Shareholders of Listed Company, Excluding Non-Recurring Gains and Losses (RMB) | -103,277,622.26 | 11.34% | -262,993,363.04 | 5.48% | | Net Cash Flow from Operating Activities (RMB) | -- | -- | -350,713,256.83 | 8.61% | | Basic Earnings Per Share (RMB/share) | -0.12 | 14.29% | -0.32 | 3.03% | | Weighted Average Return on Net Assets | -2.46% | -0.40% | -6.30% | -1.48% | Major Assets and Equity Data at Period-End | Indicator | End of Current Period (RMB) | End of Previous Year (RMB) | Change from Previous Year-End | | :--- | :--- | :--- | :--- | | Total Assets | 5,009,072,108.37 | 5,547,306,644.94 | -9.70% | | Total Equity Attributable to Shareholders of Listed Company | 4,055,786,132.09 | 4,314,370,457.71 | -5.99% | Non-Recurring Gains and Losses Items and Amounts In Q1-Q3 2024, total non-recurring gains and losses were -0.4244 million RMB, primarily influenced by government grants and other non-operating income/expenses Non-Recurring Gains and Losses Items for Q1-Q3 2024 | Item | Amount from Year-Beginning to End of Reporting Period (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 1,699,593.11 | | Government Grants Included in Current Period Profit/Loss | 8,541,756.99 | | Gains/Losses from Entrusted Investments or Asset Management | 3,168,880.03 | | Other Non-Operating Income and Expenses Apart from the Above | -12,724,874.43 | | Other Gains and Losses Items Meeting the Definition of Non-Recurring | 514,601.45 | | Less: Income Tax Impact | 1,552,328.58 | | Less: Impact on Minority Interests (After Tax) | -5,560.26 | | Total | -424,397.37 | Changes and Reasons for Major Accounting Data and Financial Indicators Strategic investments in legal large models and business optimization led to slight revenue growth and a 5% reduction in non-recurring net loss, while cash and development expenditures decreased due to operational adjustments - The company strategically invested in legal large model technology and key clients, continuously improving operational management. In the first three quarters of 2024, new contract value was 1.11 billion RMB, a slight year-on-year decline, but new contract value for proprietary software achieved year-on-year growth, optimizing the business structure[5] Major Balance Sheet Changes and Reasons | Statement Item | Change | Reason for Change | | :--- | :--- | :--- | | Cash and Cash Equivalents | -29.58% | Impacted by purchases of R1-level wealth management products and operating cash investments during the reporting period | | Prepayments | 183.21% | Normal prepayments for ongoing projects | | Development Expenditures | -75.69% | Impacted by the completion and amortization of R&D projects in legal tech and education informatization fields during the reporting period | | Employee Compensation Payable | -43.07% | Impacted by payment of accrued salaries during the reporting period | | Right-of-Use Assets | -34.85% | Impacted by reduced rental expenses due to office space compression during the reporting period | | Lease Liabilities | -41.10% | Impacted by reduced rental expenses due to office space compression during the reporting period | | Treasury Stock | -39.39% | Impacted by the cancellation of repurchased restricted shares during the reporting period | Major Income Statement Changes and Reasons | Statement Item | Change | Reason for Change | | :--- | :--- | :--- | | Operating Costs | -5.02% | The company actively improved operational efficiency, leading to a year-on-year increase in gross profit margin | | Gains/Losses from Fair Value Changes | -100.00% | Fair value changes in the company's investment funds in the same period last year | | Income Tax Expense | 32.24% | Impacted by a decrease in deferred income tax expense | Shareholder Information Total Number of Common Shareholders and Preferred Shareholders with Restored Voting Rights and Top Ten Shareholders' Holdings As of the reporting period end, the company had 41,814 common shareholders, with controlling shareholder Shao Xue holding 13.42% and key institutional investors among the top ten - Total common shareholders at the end of the reporting period were 41,814[8] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Holding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Shao Xue | Domestic Natural Person | 13.42% | 109,534,655 | | China Mobile Capital Holdings Co., Ltd. | State-owned Legal Person | 5.02% | 41,000,000 | | Sichuan Development Big Data Industry Investment Co., Ltd. | State-owned Legal Person | 4.19% | 34,199,363 | | Xie Huiming | Domestic Natural Person | 1.26% | 10,275,091 | | Xia Yucong | Domestic Natural Person | 1.21% | 9,900,005 | | Ren Gang | Domestic Natural Person | 1.18% | 9,669,300 | | Sichuan Hongtao Investment Management Co., Ltd. - Sichuan Xingsheng State-owned Enterprise Reform and Development Equity Investment Fund Partnership (Limited Partnership) | Other | 1.04% | 8,483,563 | | Zhao Xiaoming | Domestic Natural Person | 0.98% | 7,981,122 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 0.97% | 7,922,988 | | Ren Tao | Domestic Natural Person | 0.80% | 6,500,094 | - Sichuan Development Big Data Industry Investment Co., Ltd. has an acting-in-concert relationship with Sichuan Hongtao Investment Management Co., Ltd. - Sichuan Xingsheng State-owned Enterprise Reform and Development Equity Investment Fund Partnership (Limited Partnership). The company is unaware of any other related party relationships among shareholders[9] Changes in Restricted Shares Restricted shares decreased by 3,268,830 to 14,543,919 due to the termination and repurchase of shares from the 2021 Restricted Stock Incentive Plan - The primary reason for the change in restricted shares is the company's termination of the 2021 Restricted Stock Incentive Plan and the repurchase and cancellation of related restricted shares[11] Details of Restricted Share Changes | Shareholder Name | Restricted Shares at Beginning of Period | Shares Unlocked in Current Period | Restricted Shares at End of Period | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Ren Gang | 7,287,975 | 48,000 | 7,239,975 | Restricted Shares for Senior Management | | Zhao Xiaoming | 6,024,091 | 51,000 | 5,973,091 | Restricted Shares for Senior Management | | Other | 2,971,830 | 2,971,830 | 0 | No restricted shares at period-end | | Total | 17,812,749 | 3,268,830 | 14,543,919 | -- | Other Significant Matters Other Significant Matters The company had no other significant matters requiring disclosure during the reporting period - The company had no other significant matters in this reporting period[12] Quarterly Financial Statements Financial Statements This section presents the company's consolidated financial statements as of September 30, 2024, detailing financial position, operating results, and cash flows - Financial statements include the consolidated balance sheet, consolidated income statement, and consolidated cash flow statement[12][14][17] Consolidated Balance Sheet As of September 30, 2024, total assets were 5.009 billion RMB, total liabilities 0.874 billion RMB, and equity attributable to parent company owners 4.056 billion RMB Consolidated Income Statement from Year-Beginning to End of Reporting Period In Q1-Q3 2024, total operating revenue was 0.942 billion RMB, resulting in a total profit of -0.310 billion RMB and net loss attributable to parent shareholders of -0.263 billion RMB Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period In Q1-Q3 2024, net cash flow from operating activities was -0.351 billion RMB, investing activities -0.273 billion RMB, and financing activities -0.027 billion RMB, leading to a net decrease of 0.651 billion RMB in cash and equivalents Audit Report The company's Q3 2024 report is unaudited - The company's third-quarter report is unaudited[18]