中创环保(300056) - 2024 Q3 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators The company's operating revenue declined by 18.04% to 269.12 million RMB in the first three quarters of 2024, while net loss significantly narrowed by 84.77% to 10.975 million RMB, despite a substantial decrease in operating cash flow Key Financial Indicators for Q1-Q3 2024 | Indicator | Year-to-Date (YTD) | YTD Change vs. Prior Year | | :--- | :--- | :--- | | Operating Revenue (RMB) | 269,120,483.11 | -18.04% | | Net Profit Attributable to Shareholders (RMB) | -10,975,140.59 | 84.77% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (RMB) | -43,750,272.37 | -34.14% | | Net Cash Flow from Operating Activities (RMB) | -97,105,691.82 | -794.83% | | Basic Earnings Per Share (RMB/share) | -0.0285 | 84.75% | | Total Assets (RMB) | 981,873,607.39 | -11.06% (vs. end of prior year) | | Shareholders' Equity Attributable to Listed Company (RMB) | 290,906,789.96 | 7.82% (vs. end of prior year) | Non-Recurring Gains and Losses and Amounts Non-recurring gains and losses totaled 32.775 million RMB in the first three quarters of 2024, largely driven by a 26.26 million RMB investment gain from subsidiary divestiture Major Non-Recurring Gains and Losses (YTD) | Item | Amount (RMB) | Explanation | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 26,260,244.65 | Mainly from divestiture of Zhongchuang Huifeng, resulting in investment income | | Government Grants Recognized in Current P&L | 3,293,717.77 | - | | Reversal of Impairment Provisions for Receivables Subject to Separate Impairment Testing | 1,771,300.06 | - | | Other Non-Operating Income and Expenses | -535,167.60 | - | | Total | 32,775,131.78 | - | Analysis of Major Financial Indicator Changes Significant changes in financial indicators during the reporting period, particularly in balance sheet and income statement items, are primarily attributed to shifts in the company's consolidation scope Changes in Major Balance Sheet Items Significant balance sheet changes include substantial increases in notes receivable and prepayments, alongside considerable decreases in various assets and liabilities, primarily driven by consolidation scope adjustments Major Balance Sheet Changes and Reasons | Item | Change Percentage | Reason for Change | | :--- | :--- | :--- | | Notes Receivable | 875% | Mainly due to acceptance bills received in current period | | Prepayments | 140% | Mainly due to prepayments made to suppliers | | Other Current Liabilities | 280% | Mainly due to increase in unexpired commercial acceptance bills and output VAT to be carried forward | | Minority Interests | -155% | Mainly due to changes in consolidation scope | | Non-Current Liabilities Due Within One Year | -93% | Mainly due to changes in consolidation scope | | Investments in Other Equity Instruments | -65% | Mainly due to changes in consolidation scope | Changes in Major Income Statement Items Income statement items saw significant changes, including a substantial increase in investment income due to consolidation scope changes, and notable shifts in credit impairment losses and non-operating items influenced by prior period events Major Income Statement Changes and Reasons | Item | Change Percentage | Reason for Change | | :--- | :--- | :--- | | Investment Income | - | Mainly due to changes in consolidation scope | | Credit Impairment Losses | -214.64% | Mainly due to significant collection of prior years' receivables in the previous period | | Non-Operating Income | -81.47% | Mainly due to litigation compensation received in the previous period | | Non-Operating Expenses | -93.23% | Mainly due to significant provision for shareholder litigation liabilities in the previous period | Shareholder Information Shareholding Status of Shareholders As of the reporting period, the company had 13,687 common shareholders, with the top three holding significant stakes, and some major shareholders' shares are pledged or frozen - As of the end of the reporting period, the company had 13,687 common shareholders[10] Top Five Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | | Zhoukou Zhongkong Investment Co., Ltd. | 8.98% | 34,598,405 | - | | Shanghai Zhongchuang Lingxing Energy Technology Group Co., Ltd. | 7.40% | 28,535,848 | Pledged/Frozen | | Kaiwu Intelligent (Beijing) Technology Co., Ltd. | 5.00% | 19,274,500 | Pledged | | Cui Zihua | 3.15% | 12,127,416 | - | | Xiamen Kunna Trading Co., Ltd. | 1.21% | 4,662,873 | Frozen | Changes in Restricted Shares The total number of restricted shares remained unchanged at 295,950 throughout the reporting period, consisting entirely of executive lock-up shares held by four key executives Executive Restricted Share Status | Shareholder Name | Restricted Shares at Period End | Reason for Restriction | | :--- | :--- | :--- | | Zhang Hongliang | 144,150 | Executive Lock-up Shares | | Xu Xiuli | 143,550 | Executive Lock-up Shares | | Wang Zhihui | 4,650 | Executive Lock-up Shares | | Li Jingfen | 3,600 | Executive Lock-up Shares | | Total | 295,950 | -- | Other Significant Matters The company plans a private placement of A-shares to Xingtai Xiaofan Technology, which would result in a change of controlling shareholder and actual controller, pending regulatory approval - The company plans a private placement of shares to Xingtai Xiaofan Technology Co., Ltd., which will result in a change of control, with Mr. Hu Yu becoming the new actual controller[12] - The final implementation of this private placement plan is uncertain, contingent on the progress and outcome of regulatory approvals[12] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2024, total assets decreased by 11.06% to 981.87 million RMB, while total liabilities decreased by 6.07% to 724.97 million RMB, resulting in a 73.84% asset-liability ratio Balance Sheet Summary (September 30, 2024) | Item | Period-End Balance (RMB) | Period-Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Current Assets | 534,564,672.26 | 510,105,165.62 | | Total Non-Current Assets | 447,308,935.13 | 593,822,033.85 | | Total Assets | 981,873,607.39 | 1,103,927,199.47 | | Total Current Liabilities | 648,185,854.35 | 689,195,113.23 | | Total Non-Current Liabilities | 76,781,053.45 | 82,594,697.44 | | Total Liabilities | 724,966,907.80 | 771,789,810.67 | | Total Equity Attributable to Parent Company Owners | 290,906,789.96 | 269,806,190.55 | | Total Owners' Equity | 256,906,699.59 | 332,137,388.80 | Consolidated Income Statement In the first three quarters of 2024, total operating revenue decreased by 18.04% to 269.12 million RMB, while net loss attributable to parent company shareholders significantly narrowed to 10.975 million RMB due to increased investment income and reduced non-operating expenses Income Statement Summary (YTD) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 269,120,483.11 | 328,370,608.08 | | II. Total Operating Costs | 322,232,403.17 | 403,553,938.80 | | Add: Investment Income | 23,180,576.03 | -3,900,433.36 | | III. Operating Profit | -27,313,744.43 | -76,306,228.75 | | IV. Total Profit | -28,441,431.25 | -96,103,124.27 | | V. Net Profit | -27,318,275.74 | -89,961,495.20 | | Net Profit Attributable to Parent Company Shareholders | -10,975,140.59 | -72,045,242.16 | Consolidated Cash Flow Statement Operating cash flow turned negative at 97.106 million RMB, while investing activities generated 179.398 million RMB from subsidiary disposals, and financing activities used 79.374 million RMB for debt repayment Cash Flow Statement Summary (YTD) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -97,105,691.82 | 13,975,435.79 | | Net Cash Flow from Investing Activities | 179,398,215.34 | -11,256,843.68 | | Net Cash Flow from Financing Activities | -79,373,908.37 | -20,583,112.14 | | Net Increase in Cash and Cash Equivalents | 3,025,339.46 | -17,787,176.67 | | Cash and Cash Equivalents at Period End | 25,302,066.59 | 23,689,768.10 | Audit Status This quarterly report has not been audited - The company's 2024 third-quarter report is unaudited[20]