并行科技(839493) - 2024 Q3 - 季度财报

Important Notice This section outlines management's assurance of report accuracy and completeness, noting the unaudited status and non-binding nature of forward-looking statements Statements and Guarantees Company management guarantees the report's truthfulness and completeness, with financial statements assured, noting it is unaudited and forward-looking statements are not commitments - Company management guarantees the report's content is true, accurate, and complete, free from false records, misleading statements, or major omissions[1] - This quarterly report has not been audited by an accounting firm[1] - Forward-looking statements regarding future plans in this report do not constitute substantive commitments to investors[1] Company Overview This section details the company's significant financial turnaround in Q1-Q3 2024, driven by supercomputing services, alongside an analysis of its concentrated equity structure and key shareholder relationships Key Financial Data The company achieved significant growth and profitability in Q1-Q3 2024, with revenue up 30.35% and net profit turning positive, driven by supercomputing cloud services, despite a decline in operating cash flow due to asset investments Key Financial Indicators for Q1-Q3 2024 (Unit: Yuan) | Indicator | Year-to-Date (Jan-Sep 2024) | Prior Period (Jan-Sep 2023) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 433,703,586.93 | 332,727,739.77 | +30.35% | | Net Profit Attributable to Parent Company Shareholders | 3,015,822.76 | -51,966,730.60 | +105.80% | | Net Cash Flow from Operating Activities | 19,586,258.45 | 45,873,462.01 | -57.30% | | Basic Earnings Per Share | 0.05 Yuan/share | -1.11 Yuan/share | +104.50% | Key Financial Indicators for Q3 2024 (Unit: Yuan) | Indicator | Current Period (Jul-Sep 2024) | Prior Period (Jul-Sep 2023) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 163,323,206.53 | 130,215,205.51 | +25.43% | | Net Profit Attributable to Parent Company Shareholders | -1,214,773.36 | -12,124,608.36 | +89.98% | | Net Cash Flow from Operating Activities | 37,190,812.91 | 9,579,952.97 | +288.21% | - Significant changes in the company's financial position include: Fixed assets increased by 118.92% due to increased investment in computing power equipment for service development[4][5]; Accounts receivable grew by 93.69% due to business expansion and more post-paid customers[4][5]; Accounts payable rose by 100.97% from new computing equipment purchases[4][5]; Net cash flow from investing activities decreased by 308.37% due to continuous computing equipment purchases[4][5]; Net cash flow from financing activities increased by 399.64% from increased bank borrowings to expand business scale[4][5] Q1-Q3 2024 Revenue Composition by Product (Unit: Yuan) | Product Category | Operating Revenue | YoY Revenue Change | Gross Margin | YoY Gross Margin Change | | :--- | :--- | :--- | :--- | :--- | | Supercomputing Cloud Services | 410,457,814.84 | +53.37% | 33.10% | +4.82% | | Supercomputing Cloud System Integration | 6,247,946.92 | -87.78% | 16.95% | +6.08% | | Supercomputing Software and Technical Services | 11,006,993.25 | +10.36% | 51.32% | +1.73% | | Total | 433,703,586.93 | +30.35% | 32.81% | +7.40% | Shareholder Information As of September 30, 2024, the company's equity structure is concentrated, with 55.37% restricted shares and the top ten shareholders holding 54.92%, noting significant related party relationships among major shareholders Common Share Capital Structure (As of September 30, 2024, Unit: Shares) | Share Type | Quantity | Proportion | | :--- | :--- | :--- | | Unrestricted Shares | 25,985,568 | 44.63% | | Restricted Shares | 32,244,432 | 55.37% | | Total Share Capital | 58,230,000 | 100% | - The top ten shareholders collectively hold 31,982,339 shares, accounting for 54.92% of the total share capital, with Chen Jian as the largest shareholder at 13.11%[9] - Multiple related party relationships exist among major shareholders, including Chen Jian as the executive partner of three partnerships (Beijing Dingjian, Beijing Jiajian, Beijing Hongjian), Chen Jian and He Ling as a married couple, and Lü Dalong as the actual controller of Tibet Longxin, Yin Xing Hua Qing, and Qingkong Yin Xing Nantong Fund Manager[10] Significant Events This section confirms compliance for all significant matters, detailing external guarantees, AI server procurement, ongoing equity incentive plans, and pledged assets Compliance of Significant Matters All significant matters during the period, including guarantees, related party transactions, acquisitions, and pledges, complied with internal review and disclosure requirements - The company fulfilled internal review and information disclosure obligations for all significant matters during the reporting period, including external guarantees, related party transactions, asset acquisitions, equity incentives, and asset pledges[12] Details of Significant Matters Significant matters include 31.75 million Yuan in external guarantees, two AI server procurement contracts, 3.34 million unexercised stock options, and 40.59 million Yuan in pledged assets - As of the end of the reporting period, the company's total external guarantees amounted to 31.75 million Yuan, all being joint and several liability guarantees for subsidiaries or affiliated companies[14][15] - The company approved resolutions in July and September 2024 to sign AI computing server procurement contracts to support business development[18] - The company has two equity incentive plans from 2022 and 2024, with a cumulative total of 3.3427 million stock options granted but unexercised as of the end of the reporting period[19][20] - Some of the company's servers and IT equipment are pledged for finance leases or temporarily idled due to litigation, with a total book value of 40.5915 million Yuan, representing 2.64% of total assets[23] Financial Accounting Report This section presents the consolidated and parent company financial statements, highlighting asset and liability growth, profit turnaround, and cash flow dynamics from operations, investments, and financing Consolidated Balance Sheet As of September 30, 2024, total assets grew 35.52% to 1.54 billion Yuan, driven by fixed assets, while total liabilities increased 49.55% to 1.18 billion Yuan, raising the asset-liability ratio to 76.63% Key Items from Consolidated Balance Sheet (Unit: Yuan) | Item | Sep 30, 2024 | Dec 31, 2023 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,537,483,634.86 | 1,134,544,377.63 | +35.52% | | Fixed Assets | 685,515,860.54 | 313,137,973.80 | +118.92% | | Construction in Progress | 184,116,137.48 | 77,296,813.41 | +138.19% | | Total Liabilities | 1,178,179,467.64 | 787,825,581.98 | +49.55% | | Short-term Borrowings | 302,656,622.50 | 183,000,000.00 | +65.39% | | Total Equity Attributable to Parent Company Owners | 346,662,315.13 | 336,548,723.81 | +3.01% | Parent Company Balance Sheet As of September 30, 2024, parent company total assets increased 43.91% to 1.45 billion Yuan, with liabilities up 74.94% to 978 million Yuan, raising the asset-liability ratio to 67.32% Key Items from Parent Company Balance Sheet (Unit: Yuan) | Item | Sep 30, 2024 | Dec 31, 2023 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,452,092,838.10 | 1,009,020,880.73 | +43.91% | | Total Liabilities | 977,550,127.90 | 558,792,578.81 | +74.94% | | Total Owners' Equity | 474,542,710.20 | 450,228,301.92 | +5.40% | Consolidated Income Statement In Q1-Q3 2024, consolidated operating revenue grew 30.35% to 434 million Yuan, with net profit attributable to parent company owners turning positive to 3.02 million Yuan, a 105.80% improvement Key Items from Consolidated Income Statement (Jan-Sep 2024, Unit: Yuan) | Item | Jan-Sep 2024 | Jan-Sep 2023 | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 433,703,586.93 | 332,727,739.77 | +30.35% | | Operating Profit | 5,696,814.70 | -41,794,992.18 | +113.63% | | Net Profit | 4,817,379.66 | -42,479,691.63 | +111.34% | | Net Profit Attributable to Parent Company Owners | 3,015,822.76 | -51,966,730.60 | +105.80% | Parent Company Income Statement In Q1-Q3 2024, parent company operating revenue increased 38.78% to 385 million Yuan, achieving a significant turnaround to a net profit of 16.32 million Yuan Key Items from Parent Company Income Statement (Jan-Sep 2024, Unit: Yuan) | Item | Jan-Sep 2024 | Jan-Sep 2023 | Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 384,506,178.19 | 277,057,299.82 | +38.78% | | Operating Profit | 17,014,301.53 | -46,780,693.44 | Turnaround to Profit | | Net Profit | 16,321,416.37 | -47,088,732.85 | Turnaround to Profit | Consolidated Cash Flow Statement In Q1-Q3 2024, operating cash flow decreased 57.30% to 19.59 million Yuan, while investing cash outflow surged 308.37% to 439 million Yuan, offset by a 399.64% increase in financing cash inflow to 304 million Yuan Consolidated Cash Flow Statement Summary (Jan-Sep 2024, Unit: Yuan) | Item | Jan-Sep 2024 | Jan-Sep 2023 | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 19,586,258.45 | 45,873,462.01 | -57.30% | | Net Cash Flow from Investing Activities | -438,976,895.43 | -107,495,002.75 | -308.37% | | Net Cash Flow from Financing Activities | 303,503,722.15 | 60,744,605.13 | +399.64% | | Net Increase in Cash and Cash Equivalents | -115,886,914.83 | -876,935.61 | - | | Cash and Cash Equivalents at Period-End | 293,428,273.27 | 130,480,520.62 | +124.89% | Parent Company Cash Flow Statement In Q1-Q3 2024, parent company operating cash flow improved to 102 million Yuan, with significant investing cash outflow of 454 million Yuan and financing cash inflow of 268 million Yuan Parent Company Cash Flow Statement Summary (Jan-Sep 2024, Unit: Yuan) | Item | Jan-Sep 2024 | Jan-Sep 2023 | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 102,200,080.80 | -5,857,430.48 | Turnaround to Positive | | Net Cash Flow from Investing Activities | -453,758,789.84 | -65,751,389.00 | -589.96% | | Net Cash Flow from Financing Activities | 267,958,209.82 | 61,722,790.54 | +334.11% |