三特索道(002159) - 2024 Q3 - 季度财报

Main Financial Data The company's financial performance in the first three quarters of 2024 showed mixed results with a slight revenue decline but significant net profit growth, while total assets and equity increased, alongside a net non-recurring loss primarily due to a litigation provision Key Accounting Data and Financial Indicators In the first three quarters of 2024, the company reported RMB 553 million in operating revenue, a 4.44% year-on-year decrease, but net profit attributable to shareholders increased by 16.13% to RMB 155 million, with total assets and owners' equity also growing Key Financial Indicators for Q3 2024 and Year-to-Date | Indicator | Current Period (Q3) | YoY Change in Current Period | Year-to-Date (YTD) | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 242,005,304.50 | 1.11% | 553,431,481.15 | -4.44% | | Net Profit Attributable to Shareholders of Listed Company (RMB) | 79,126,865.61 | -4.61% | 155,433,951.57 | 16.13% | | Net Profit Attributable to Shareholders of Listed Company, Excluding Non-Recurring Gains and Losses (RMB) | 86,093,272.53 | 4.29% | 158,699,483.30 | 9.59% | | Net Cash Flow from Operating Activities (RMB) | — | — | 248,002,695.93 | -20.70% | | Basic Earnings Per Share (RMB/share) | 0.45 | -4.26% | 0.88 | 17.33% | | Weighted Average Return on Net Assets | 5.94% | -0.85% | 11.78% | 0.59% | Key Balance Sheet Indicators at Period End | Indicator | Period-End | Prior Year-End | Change from Prior Year-End | | :--- | :--- | :--- | :--- | | Total Assets (RMB) | 1,806,356,167.16 | 1,696,702,521.75 | 6.46% | | Owners' Equity Attributable to Shareholders of Listed Company (RMB) | 1,377,075,585.43 | 1,256,639,413.36 | 9.58% | Non-Recurring Gains and Losses Items and Amounts From the beginning of the year to the end of the reporting period, the company recorded a net non-recurring loss of RMB 3.27 million, primarily due to asset disposal gains, government subsidies, and a significant provision for litigation-related non-operating expenses Non-Recurring Gains and Losses Items from Year-to-Date to Period End | Item | Amount Year-to-Date (RMB) | Description | | :--- | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | 8,459,376.83 | Mainly compensation for Hainan Santai Cableway house expropriation and investment income from transferring Ailewan Company equity | | Government Subsidies Included in Current Profit and Loss | 1,735,858.99 | Mainly government subsidies received by subsidiaries and amortization for the current period | | Other Non-Operating Income and Expenses | -12,845,548.51 | Mainly estimated liabilities accrued based on prudence for Hanjintang Investment Company's shareholder capital contribution dispute case | | Total | -3,265,531.73 | -- | Shareholder Information As of the reporting period end, the company had 14,906 common shareholders, with the top two being Wuhan Dangdai Urban Construction Development Co., Ltd. and Wuhan Gaoke State-owned Holding Group Co., Ltd., whose affiliated entities form significant concerted action and related party groups respectively Common Shareholder Holdings As of the reporting period end, the company had 14,906 common shareholders, with Wuhan Dangdai Urban Construction Development Co., Ltd. and Wuhan Gaoke State-owned Holding Group Co., Ltd. being the largest, forming significant concerted action and related party groups respectively - As of the end of the reporting period, the company had 14,906 common shareholders[5] Top Three Shareholder Holdings | Shareholder Name | Nature | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Wuhan Dangdai Urban Construction Development Co., Ltd. | Domestic Non-State-Owned Legal Person | 22.53% | 39,944,659 | | Wuhan Gaoke State-owned Holding Group Co., Ltd. | State-Owned Legal Person | 14.98% | 26,551,295 | | Wuhan East Lake New Technology Development Zone Development General Company | State-Owned Legal Person | 6.07% | 10,763,305 | - Shareholders Wuhan Dangdai Urban Construction Development Co., Ltd., Wuhan Dangdai Science & Technology Industrial Group Co., Ltd., and individual shareholder Luo Desheng constitute a concerted action group, holding a combined 26.83% of shares[6] - Shareholder Wuhan East Lake New Technology Development Zone Development General Company is a wholly-owned subsidiary of Wuhan Gaoke State-owned Holding Group Co., Ltd., with both entities holding a combined 21.05% of shares[6] Other Significant Matters The company disclosed progress on two major lawsuits, securing favorable judgments in the Donghu Ocean Park performance compensation case while losing the second instance appeal in the Hanjintang Company shareholder capital contribution dispute, leading to an estimated liability provision Progress of Donghu Ocean Park Performance Compensation Lawsuit The company obtained favorable judgments in lawsuits regarding Donghu Ocean Park's failure to meet performance commitments for both 2022 and 2023, with the 2022 case entering compulsory enforcement and the 2023 case resulting in a court order for RMB 13.36 million in compensation - For the 2023 performance shortfall, the court ruled that Kawo Tourism and Huamahong Company must pay performance compensation of RMB 10.0236 million and RMB 3.3412 million respectively[7] - Regarding the 2022 performance compensation lawsuit, the second instance court rejected the appeal and upheld the original judgment, with the case entering the enforcement stage on October 8, 2024[8] Progress of Hanjintang Company Shareholder Capital Contribution Dispute Case The company lost its second instance appeal in the Hanjintang Company shareholder capital contribution dispute, resulting in a court order to transfer land use rights and an estimated RMB 10.88 million provision for expected liabilities - The company appealed the first instance judgment, and in July 2024, the Wuhan Intermediate People's Court of Hubei Province ruled in the second instance to reject the appeal and uphold the original judgment[9] - Based on the current project communication progress and the principle of prudence, the company estimates the current impact of this case on its profit and loss to be approximately RMB 10.88 million[9] Quarterly Financial Statements This section provides the company's unaudited consolidated financial statements as of September 30, 2024, including the balance sheet, income statement, and cash flow statement from the beginning of the year to the end of the reporting period Consolidated Balance Sheet As of September 30, 2024, the company's total assets increased by 6.46% to RMB 1.806 billion, total liabilities decreased by 3.00% to RMB 383 million, and owners' equity attributable to the parent company grew by 9.58% to RMB 1.377 billion, indicating a stable and strengthened financial position Key Balance Sheet Item Changes | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 1,806,356,167.16 | 1,696,702,521.75 | 6.46% | | Total Liabilities | 382,664,551.17 | 394,462,071.77 | -3.00% | | Total Owners' Equity Attributable to Parent Company | 1,377,075,585.43 | 1,256,639,413.36 | 9.58% | Consolidated Income Statement from Year-to-Date to Period End In the first three quarters of 2024, the company's total operating revenue decreased by 4.44% to RMB 553 million, while total operating costs decreased by 5.81%, leading to a 16.13% increase in net profit attributable to parent company shareholders, reaching RMB 155 million Key Income Statement Item Changes (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 553,431,481.15 | 579,136,402.67 | -4.44% | | Total Operating Costs | 321,240,594.40 | 341,040,743.80 | -5.81% | | Operating Profit | 241,033,024.05 | 227,992,362.39 | 5.72% | | Total Profit | 228,364,151.99 | 213,224,220.28 | 7.10% | | Net Profit Attributable to Parent Company Shareholders | 155,433,951.57 | 133,842,678.29 | 16.13% | Consolidated Cash Flow Statement from Year-to-Date to Period End In the first three quarters of 2024, net cash flow from operating activities decreased by 20.70% to RMB 248 million, while net cash outflows from investing and financing activities significantly reduced, resulting in a positive net increase in cash and cash equivalents of RMB 156 million Key Cash Flow Statement Item Changes (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 248,002,695.93 | 312,756,223.05 | -20.70% | | Net Cash Flow from Investing Activities | -7,457,898.35 | -36,627,675.90 | Net outflow decreased | | Net Cash Flow from Financing Activities | -84,481,467.45 | -297,029,298.02 | Net outflow decreased | | Net Increase in Cash and Cash Equivalents | 156,063,330.13 | -20,900,750.87 | Changed from negative to positive | Audit Report The company's 2024 third-quarter report is unaudited - The company's third-quarter report is unaudited[18]