汉王科技(002362) - 2024 Q3 - 季度财报

Important Disclosures Report Statement and Audit Status The company's board, supervisory board, and management guarantee report accuracy; financial information is declared true by key personnel, and this report is unaudited - This report is unaudited[2] I. Key Financial Data 1. Key Accounting Data and Financial Indicators Q3 revenue grew 22.84% YoY, YTD 17.87%; net losses narrowed, operating cash flow improved 38.71% YTD, while total assets and equity decreased | Indicator | Current Period | YoY Change (%) | Year-to-Date | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | CNY 432,026,913.72 | 22.84% | CNY 1,146,562,791.45 | 17.87% | | Net Profit Attributable to Shareholders | -CNY 24,211,070.12 | 36.28% | -CNY 75,013,777.28 | 16.51% | | Net Profit Attributable to Shareholders (Excl. Non-Recurring Items) | -CNY 26,987,297.60 | 31.14% | -CNY 82,002,393.06 | 8.06% | | Net Cash Flow from Operating Activities | — | — | -CNY 100,689,604.69 | 38.71% | | Basic EPS | -0.0990 | 36.33% | -0.3069 | 16.51% | | Diluted EPS | -0.0990 | 36.33% | -0.3069 | 16.51% | | Weighted Average ROE | -2.03% | 0.85% | -6.17% | 0.51% | | Balance Sheet (Period-End): | End of Current Period | End of Prior Year | Change from Prior Year-End (%) | | | Total Assets | CNY 1,798,625,190.31 | CNY 1,896,330,305.01 | -5.15% | | | Owners' Equity Attributable to Shareholders | CNY 1,180,234,875.93 | CNY 1,252,446,914.09 | -5.77% | | 2. Non-Recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled CNY 2.78 million for the period and CNY 6.99 million YTD, mainly from government subsidies | Item | Current Period Amount (CNY) | Year-to-Date Amount (CNY) | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -65,192.65 | -845,783.29 | | Government Subsidies Included in Current P&L | 2,720,664.86 | 8,443,159.41 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets/Liabilities | 51,529.58 | 1,092,645.39 | | Other Non-Operating Income and Expenses (Excl. Above) | -1,773.33 | -223,415.84 | | Less: Income Tax Impact | -6,899.53 | 437,368.13 | | Minority Interest Impact (After Tax) | -64,099.49 | 1,040,621.76 | | Total | 2,776,227.48 | 6,988,615.78 | 3. Analysis of Changes in Key Accounting Data and Financial Indicators Analyzes changes in financial statements, highlighting asset shifts, profit impacts from exchange and investments, and improved cash flows, driven by tech investments and strong growth in digital painting, e-paper, and new AI medical devices (1) Balance Sheet Item Changes Analysis This section analyzes significant changes in the company's balance sheet items and their underlying causes | Item | Change Amount (CNY 10,000) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | | Trading Financial Assets | -CNY 59.32 million | -64.96% | Maturity and redemption of wealth management products | | Notes Receivable | -CNY 5.65 million | -52.19% | Maturity and realization of notes receivable | | Accounts Receivable Financing | -CNY 2.26 million | -41.96% | Maturity and realization of bills | | Right-of-Use Assets | +CNY 6.51 million | +202.17% | Increase in long-term leased assets | | Development Expenditures | +CNY 48.70 million | +50.42% | Increase in R&D project expenditures | | Short-Term Borrowings | +CNY 37.63 million | +49.43% | Increase in bank loans | | Non-Current Liabilities Due Within One Year | +CNY 5.46 million | +253.84% | Increase in long-term leased assets | | Lease Liabilities | +CNY 1.21 million | +114.79% | Increase in long-term leased assets | | Special Reserves | +CNY 2.65 million | +48.11% | Accrual of safety production fees | (2) Income Statement Item Changes Analysis This section analyzes significant changes in the company's income statement items and their underlying causes | Item | Change Amount (CNY 10,000) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | | Financial Expenses | +CNY 3.86 million | +32.05% | Decrease in exchange gains | | Investment Income | -CNY 4.05 million | -73.75% | Decrease in wealth management product income | | Non-Operating Expenses | -CNY 3.32 million | -68.18% | Due to litigation compensation provision by subsidiary in prior period | (3) Cash Flow Statement Item Changes Analysis This section analyzes significant changes in the company's cash flow statement items and their underlying causes | Item | Change Amount (CNY 10,000) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | | Cash Received from Investment Redemptions | -CNY 272.07 million | -63.70% | Decrease in wealth management product redemptions | | Cash Received from Investment Income | -CNY 2.87 million | -45.91% | Decrease in wealth management product redemptions | | Net Cash Received from Disposal of Fixed Assets, Intangible Assets, and Other Long-Term Assets | -CNY 2.31 million | -99.86% | Decrease in cash recovered from disposal of fixed assets in current period | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-Term Assets | +CNY 33.34 million | +44.35% | Year-on-year increase in acquisition of fixed assets, development expenditures, and other long-term assets | | Cash Paid for Investments | -CNY 179.57 million | -65.31% | Decrease in wealth management product purchases in current period | | Cash Received from Borrowings | +CNY 28.00 million | +32.56% | Increase in bank loans | | Cash Paid for Dividends, Profits, or Interest Payments | -CNY 28.75 million | -91.91% | Subsidiary dividend distribution in prior year period | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | -CNY 3.88 million | -183.35% | Fluctuations in exchange rates of USD and other foreign currencies | (4) Other Explanations This section provides additional explanations regarding the company's operational highlights and strategic investments - The company continues to invest in original core technologies, AI models, and product innovation, strengthening marketing and promotion, leading to steady business development and positive growth in key operating indicators such as revenue, gross profit, net profit attributable to parent company, and operating cash flow[10] - Affected by the recovery of the overseas digital painting market and new product launches, digital painting business revenue increased by over 20% year-on-year[10] - AI e-paper terminal products, improved through hardware technology (main control chip, display, pickup device, digital pen) and software (localized voice recognition, AI text processing, handwritten notes) upgrades, drove sales growth of over 90% year-on-year and revenue growth of over 70%, further increasing market share[10] - The AI Korotkoff sound electronic sphygmomanometer, launched in March, received positive market feedback due to its measurement accuracy, contributing to additional revenue[10] II. Shareholder Information 1. Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of period-end, 63,091 common shareholders; actual controllers Liu Yingjian and Xu Dongqing hold 19.65% and 7.58% respectively, with CAS Institute of Automation holding 5.16% - Total common shareholders at the end of the reporting period were 63,091[11] | Shareholder Name | Shareholder Type | Holding Ratio (%) | Number of Shares Held | Number of Restricted Shares Held | | :--- | :--- | :--- | :--- | :--- | | Liu Yingjian | Domestic Natural Person | 19.65% | 48,030,838 | 36,023,128 | | Xu Dongqing | Domestic Natural Person | 7.58% | 18,536,874 | 0 | | Institute of Automation, Chinese Academy of Sciences | State-Owned Legal Entity | 5.16% | 12,611,564 | 0 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Entity | 3.49% | 8,528,395 | 0 | | Henan Yellow River Computer System Co., Ltd. | Domestic Non-State-Owned Legal Entity | 0.90% | 2,200,000 | 0 | | Li Jun | Domestic Natural Person | 0.73% | 1,777,300 | 0 | | Zhang Han Hua | Domestic Natural Person | 0.29% | 713,900 | 0 | | Zhou Jian Su | Domestic Natural Person | 0.29% | 705,000 | 0 | | Du Hong Ju | Domestic Natural Person | 0.27% | 671,500 | 0 | | Chen Yong | Domestic Natural Person | 0.27% | 650,140 | 0 | - Liu Yingjian and Xu Dongqing are a married couple and the actual controllers of the company[12] 2. Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company has no preferred shareholders - The company has no preferred shareholders[13] III. Other Significant Matters Disclosure of Other Significant Matters The company has no other significant matters to disclose in this reporting period - The company has no other significant matters to disclose[13] IV. Quarterly Financial Statements 1. Financial Statements Presents consolidated balance sheet, income statement, and cash flow statement as of September 30, 2024, detailing financial status, operating results, and cash flows 1. Consolidated Balance Sheet This table presents the company's consolidated financial position as of the end of the reporting period | Item | Period-End Balance (Sep 30, 2024) | Period-Start Balance (Jan 01, 2024) | | :--- | :--- | :--- | | Total Assets | CNY 1,798,625,190.31 | CNY 1,896,330,305.01 | | Total Liabilities | CNY 499,690,753.56 | CNY 516,300,186.08 | | Total Owners' Equity | CNY 1,298,934,436.75 | CNY 1,380,030,118.93 | | Total Owners' Equity Attributable to Parent Company | CNY 1,180,234,875.93 | CNY 1,252,446,914.09 | 2. Consolidated Income Statement (Year-to-Date) This table presents the company's consolidated operating results for the year-to-date period | Item | Current Period Amount (YTD) | Prior Period Amount (YTD) | | :--- | :--- | :--- | | Total Operating Revenue | CNY 1,146,562,791.45 | CNY 972,708,886.79 | | Total Operating Costs | CNY 1,244,114,718.12 | CNY 1,105,632,005.12 | | Operating Profit | -CNY 83,245,719.57 | -CNY 116,789,795.80 | | Total Profit | -CNY 84,066,880.35 | -CNY 121,054,718.93 | | Net Profit | -CNY 84,977,619.14 | -CNY 121,223,006.30 | | Net Profit Attributable to Parent Company Shareholders | -CNY 75,013,777.28 | -CNY 89,852,834.45 | | Basic EPS | -0.3069 | -0.3676 | | Diluted EPS | -0.3069 | -0.3676 | 3. Consolidated Cash Flow Statement (Year-to-Date) This table presents the company's consolidated cash flows from operating, investing, and financing activities for the year-to-date period | Item | Current Period Amount (YTD) | Prior Period Amount (YTD) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -CNY 100,689,604.69 | -CNY 164,283,770.48 | | Net Cash Flow from Investing Activities | -CNY 45,478,995.87 | CNY 85,550,971.52 | | Net Cash Flow from Financing Activities | CNY 35,178,042.22 | -CNY 17,392,018.85 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | -CNY 1,765,195.20 | CNY 2,117,834.78 | | Net Increase in Cash and Cash Equivalents | -CNY 112,755,753.54 | -CNY 94,006,983.03 | | Period-End Cash and Cash Equivalents Balance | CNY 180,544,652.38 | CNY 237,694,134.47 | 2. Adjustments to Financial Statement Items at the Beginning of the First Year of Adopting New Accounting Standards in 2024 The company adopted new accounting standards starting in 2024 but did not adjust financial statement items at the beginning of the first year of adoption - The company did not adjust relevant financial statement items at the beginning of 2024 due to the first-time adoption of new accounting standards[20][21] 3. Audit Report This quarterly report is unaudited - The company's third-quarter report is unaudited[22]