金能科技(603113) - 2024 Q3 - 季度财报

Important Notice The company's board, supervisory board, and senior management assure the report's accuracy and completeness; financial statements are unaudited - The company's Board of Directors, Supervisory Board, and directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, free from false records, misleading statements, or major omissions, and bear individual and joint legal responsibility[2] - The third-quarter financial statements are unaudited[2] I. Key Financial Data Key Accounting Data and Financial Indicators Q3 revenue grew 42.32% to 5.26 billion yuan, but net profit attributable to shareholders fell 84.10% to 10.60 million yuan; YTD net profit turned to a loss of 32.43 million yuan Key Financial Performance | Item | Current Period (Q3 2024) (Yuan) | YoY Change (%) | Year-to-Date (YTD 2024) (Yuan) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 5,264,305,385.83 | 42.32 | 12,149,979,147.40 | 11.33 | | Net Profit Attributable to Shareholders | 10,603,070.41 | -84.10 | -32,430,433.84 | -673.24 | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) | -4,595,089.38 | -108.73 | -71,969,929.28 | 35.89 | | Basic EPS (Yuan/share) | 0.01 | -87.50 | -0.04 | -500.00 | | Diluted EPS (Yuan/share) | 0.03 | -66.67 | 0.01 | -80.00 | | Weighted Average ROE (%) | 0.12 | Decrease 0.66 percentage points | -0.37 | Decrease 0.44 percentage points | Key Balance Sheet Data | Item | End of Current Period (2024-09-30) (Yuan) | End of Prior Year (2023-12-31) (Yuan) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 18,724,001,520.09 | 18,284,342,262.24 | 2.40 | | Shareholders' Equity Attributable to Parent Company | 8,639,418,999.80 | 8,755,636,083.82 | -1.33 | Non-recurring Gains and Losses Items and Amounts Total non-recurring gains and losses were 15.20 million yuan for Q3 and 39.54 million yuan YTD, primarily from government grants and other non-operating income/expenses Non-recurring Gains and Losses | Non-recurring Items | Current Period Amount (Q3 2024) (Yuan) | Year-to-Date Amount (YTD 2024) (Yuan) | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 154,607.53 | -2,741,201.11 | | Government Grants Recognized in Current P&L | 9,858,793.64 | 35,747,441.75 | | Other Non-operating Income and Expenses (Excl. above) | 7,872,478.48 | 13,701,160.49 | | Less: Income Tax Impact | 2,687,719.86 | 7,168,286.69 | | Total | 15,198,159.79 | 39,539,495.44 | Changes and Reasons for Key Accounting Data and Financial Indicators Q3 revenue increased 42.32% due to Phase II project operation, but net profit declined significantly due to increased expenses; YTD net profit (excl. non-recurring) grew 35.89% from improved operating profit Analysis of Key Financial Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue_Current Period | 42.32 | Phase II project commenced operation, increasing revenue | | Net Profit Attributable to Shareholders_Current Period | -84.10 | Net profit attributable to shareholders decreased | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items)_Current Period | -108.73 | Phase II project commenced operation, increasing period expenses | | Net Profit Attributable to Shareholders_YTD | -673.24 | Net profit attributable to shareholders decreased | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items)_YTD | 35.89 | Operating profit increased, non-recurring gains/losses decreased | II. Shareholder Information Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the reporting period, the company had 35,582 common shareholders; Qin Qingping is the largest shareholder with 37.49% stake, some pledged, and is a de facto controller - Total number of common shareholders at period-end: 35,582[7] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Holding Percentage (%) | Share Status | Pledged Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | | Qin Qingping | Domestic Natural Person | 317,909,744 | 37.49 | Pledged | 27,340,000 | | Zhongyue Capital Management Co., Ltd. - Zhongyue Focus No. 11 Private Securities Investment Fund | Domestic Non-state-owned Legal Person | 86,500,000 | 10.20 | None | - | | Wang Yongmei | Domestic Natural Person | 16,545,000 | 1.95 | None | - | | China Foreign Economy and Trade Trust Co., Ltd. - Foreign Trade Trust - Ruijun Stable Private Securities Investment Fund | Domestic Non-state-owned Legal Person | 10,605,300 | 1.25 | None | - | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 10,091,808 | 1.19 | None | - | | Lin Xuyan | Domestic Natural Person | 10,000,000 | 1.18 | None | - | | National Social Security Fund 111 Portfolio | State-owned Legal Person | 8,471,464 | 1.00 | None | - | | Li Jianguo | Domestic Natural Person | 7,901,000 | 0.93 | None | - | | Qihe Junhe Equity Investment Partnership (Limited Partnership) | Domestic Non-state-owned Legal Person | 6,269,500 | 0.74 | None | - | | Qihe Junchuang Equity Investment Partnership (Limited Partnership) | Domestic Non-state-owned Legal Person | 5,398,993 | 0.64 | None | - | - Qin Qingping and Wang Yongmei are the company's de facto controllers; Zhongyue Capital Management Co., Ltd. - Zhongyue Focus No. 11 Private Securities Investment Fund is an acting-in-concert party of Mr. Qin Qingping[8] III. Other Reminders The company reports no other significant operating information requiring investor attention during the reporting period - Other important operating information requiring investor attention during the reporting period: None[9] IV. Quarterly Financial Statements Type of Audit Opinion The financial statements for this quarter are unaudited - Type of audit opinion: Unaudited[9] Financial Statements Consolidated Balance Sheet As of September 30, 2024, total assets reached 18.72 billion yuan, up 2.40% from year-end 2023, with fixed assets increasing and construction in progress decreasing Consolidated Balance Sheet (Yuan) | Item | September 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Cash and Cash Equivalents | 2,627,585,053.83 | 2,342,777,702.26 | | Financial Assets Held for Trading | 250,000,000.00 | 7,070,000.00 | | Notes Receivable | 764,708,463.88 | 1,528,635,631.09 | | Inventories | 1,714,876,649.97 | 1,119,495,996.42 | | Total Current Assets | 7,368,681,127.91 | 7,024,410,591.60 | | Fixed Assets | 8,997,016,345.97 | 5,740,089,063.08 | | Construction in Progress | 701,485,157.46 | 4,053,462,485.79 | | Total Non-current Assets | 11,355,320,392.18 | 11,259,931,670.64 | | Total Assets | 18,724,001,520.09 | 18,284,342,262.24 | | Short-term Borrowings | 2,459,880,268.47 | 3,478,385,230.33 | | Notes Payable | 1,485,000,000.00 | 95,871,909.54 | | Contract Liabilities | 638,346,301.14 | 278,235,194.82 | | Total Current Liabilities | 7,728,106,819.16 | 7,062,858,632.38 | | Long-term Borrowings | 1,094,029,101.99 | 1,207,090,704.20 | | Bonds Payable | 999,603,509.79 | 968,346,568.61 | | Total Liabilities | 10,084,582,520.29 | 9,528,706,178.42 | | Equity Attributable to Parent Company Shareholders | 8,639,418,999.80 | 8,755,636,083.82 | | Total Liabilities and Shareholders' Equity | 18,724,001,520.09 | 18,284,342,262.24 | Consolidated Income Statement YTD 2024 operating revenue grew 11.33% to 12.15 billion yuan, but net profit turned to a loss of 32.43 million yuan, a 673.24% decrease, driven by higher finance costs and negative investment income Consolidated Income Statement (Yuan) | Item | YTD 2024 (Jan-Sep) | YTD 2023 (Jan-Sep) | | :--- | :--- | :--- | | Operating Revenue | 12,149,979,147.40 | 10,913,708,955.36 | | Operating Cost | 11,864,927,417.18 | 10,710,384,658.32 | | Finance Costs | 172,654,100.89 | 104,030,952.99 | | Investment Income (Losses indicated by "-") | -25,657,822.89 | 26,940,370.18 | | Asset Impairment Losses (Losses indicated by "-") | -20,266,193.11 | 40,034,267.70 | | Operating Profit (Losses indicated by "-") | -53,166,367.97 | -9,084,102.55 | | Total Profit (Total losses indicated by "-") | -38,025,868.50 | -2,745,852.42 | | Net Profit (Net losses indicated by "-") | -32,430,433.84 | 5,657,437.67 | | Net Profit Attributable to Parent Company Shareholders | -32,430,433.84 | 5,657,437.67 | | Basic EPS (Yuan/share) | -0.04 | 0.01 | | Diluted EPS (Yuan/share) | 0.01 | 0.05 | Consolidated Cash Flow Statement YTD 2024 operating cash flow was 718.21 million yuan, down 5.44%; investing cash flow was -866.70 million yuan, a significant increase in outflow; financing cash flow turned positive to 659.55 million yuan Consolidated Cash Flow Statement (Yuan) | Item | YTD 2024 (Jan-Sep) | YTD 2023 (Jan-Sep) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 718,205,270.58 | 759,495,031.95 | | Net Cash Flow from Investing Activities | -866,703,538.02 | -207,998,629.22 | | Net Cash Flow from Financing Activities | 659,552,894.59 | -360,115,132.94 | | Net Increase in Cash and Cash Equivalents | 535,227,799.37 | 215,579,972.96 | | Cash and Cash Equivalents at Period-End | 1,751,021,901.08 | 1,155,198,391.88 | - Cash paid for acquisition of fixed assets, intangible assets, and other long-term assets: 623 million yuan in YTD 2024, 1.79 billion yuan in YTD 2023[17] - Cash received relating to other financing activities: 860 million yuan in YTD 2024, 0 yuan in YTD 2023[18]