润农节水(830964) - 2022 Q3 - 季度财报

Important Notice This section confirms the report's accuracy and completeness by management, noting it is unaudited and includes non-binding forward-looking statements - Company management confirms the truthfulness, accuracy, and completeness of this quarterly report, with no false records, misleading statements, or major omissions[8] - This quarterly report has not been audited by an accounting firm[9][10] - Forward-looking statements regarding future plans in this report do not constitute substantive commitments to investors[9] Company Basic Information This section outlines the company's fundamental corporate details, key financial performance, and shareholder structure Basic Information This section provides the company's basic business registration information, including its stock abbreviation 'Runnong Jieshui', stock code '830964', industry as water source and supply facility engineering construction, and details on its registered address and sponsor institution | Item | Information | | :--- | :--- | | Stock Abbreviation | Runnong Jieshui | | Stock Code | 830964 | | Industry | Water Source and Supply Facility Engineering Construction (E4821) | | Legal Representative | Zhang Guofeng | | Sponsor Institution | CITIC Securities | Key Financial Data and Analysis of Changes The company's Q1-Q3 2022 revenue grew 19.72%, but net profit declined 9.32%, with operating cash flow turning negative due to increased project inventory and related payments Key Financial Data for Q1-Q3 2022 (Jan-Sep) | Indicator | Jan-Sep 2022 | Jan-Sep 2021 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 428,953,732.75 | 358,288,198.03 | 19.72% | | Net Profit Attributable to Shareholders of Listed Company (RMB) | 40,131,440.07 | 44,258,092.52 | -9.32% | | Net Cash Flow from Operating Activities (RMB) | -25,837,032.95 | 13,777,103.78 | -287.54% | | Basic Earnings Per Share (RMB/share) | 0.15 | 0.17 | -11.76% | Key Financial Data for Q3 2022 (Jul-Sep) | Indicator | Jul-Sep 2022 | Jul-Sep 2021 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 174,592,309.23 | 145,467,322.81 | 20.02% | | Net Profit Attributable to Shareholders of Listed Company (RMB) | 20,110,669.02 | 22,560,429.81 | -10.86% | | Net Cash Flow from Operating Activities (RMB) | 1,543,162.69 | 30,045,475.04 | -94.86% | - Net cash flow from operating activities significantly decreased, primarily due to increased project inventory reserves leading to higher payments for goods and construction costs[23] - Cash and cash equivalents at period-end decreased by 38.44% from the beginning of the period, mainly due to increased project inventory reserves, acquisition of long-term assets, and cash dividend payments[18] - Non-operating expenses surged by 1082.72% year-on-year, primarily due to charitable donations made during the period[22] - Net non-recurring gains and losses for the first three quarters of 2022 amounted to RMB 3,807,784.97, primarily from government subsidies[26] Shareholder Information As of September 30, 2022, the company's total share capital was 261.21 million shares, with the largest shareholder, Xue Baosong, holding 33.30%, and family relationships noted among top shareholders Top Three Shareholders' Holdings | Rank | Shareholder Name | Shares Held at Period-End | Holding Percentage % | | :--- | :--- | :--- | :--- | | 1 | Xue Baosong | 86,970,163 | 33.30% | | 2 | Beijing Rongtuo Innovation Investment Management Co., Ltd. - Shijiazhuang Rongtuo Equity Investment Fund Center (Limited Partnership) | 11,500,000 | 4.40% | | 3 | Beijing Rongtuo Smart Agriculture Investment Partnership (Limited Partnership) | 10,500,000 | 4.02% | - The company disclosed related party relationships among its top ten shareholders: Xue Baosong and Li Mingxin are spouses, and Xue Baosong, Xue Lixia, and Xue Lichao are siblings[30] Significant Events This section details the company's compliance with major events, including the absence of significant litigation or penalties, and the proper handling of routine related-party transactions Compliance with Significant Matters During the reporting period, the company had no significant litigation or penalties, conducted routine related-party transactions compliantly, and had RMB 14.45 million in restricted bank deposits - During the reporting period, the company had no significant matters such as litigation, arbitration, external guarantees, major related-party transactions, equity incentives, share repurchases, or investigations and penalties[33] - The company has routine related-party transactions for which internal review and disclosure obligations have been fulfilled[33][36] - The company has RMB 14,448,307.73 in bank deposits with restricted rights, used as guarantees for migrant worker wages, performance bonds, and acceptance bill deposits, representing 1.39% of total assets[37] Profit Distribution and Capitalization of Capital Reserves During the reporting period, the company neither implemented nor proposed any profit distribution or capital reserve capitalization plans - No profit distribution or capitalization of capital reserves was implemented or planned during the reporting period[37] Financial Accounting Report This section presents the company's unaudited consolidated and parent company financial statements for Q3 2022, including the balance sheet, income statement, and cash flow statement Audit Status This quarterly financial report is unaudited - This quarterly financial report is unaudited[39] Financial Statements This section presents the company's Q3 2022 consolidated and parent financial statements, showing slight asset growth but deteriorated profitability and operating cash flow Consolidated Balance Sheet As of September 30, 2022, total assets reached RMB 1.04 billion (+1.15%), total liabilities decreased 8.17% to RMB 172 million, and equity attributable to parent company increased 3.22% to RMB 867 million Consolidated Balance Sheet Key Items (Unit: RMB) | Item | Sep 30, 2022 | Dec 31, 2021 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,039,332,161.23 | 1,027,562,381.05 | 1.15% | | Total Liabilities | 171,978,554.28 | 187,279,718.17 | -8.17% | | Total Equity Attributable to Parent Company Owners | 867,353,702.95 | 840,282,662.88 | 3.22% | Consolidated Income Statement In Q1-Q3 2022, operating revenue grew 19.72% to RMB 429 million, but net profit attributable to the parent company decreased 9.32% to RMB 40.13 million due to increased credit impairment and non-operating expenses Consolidated Income Statement Key Items (Jan-Sep 2022, Unit: RMB) | Item | Jan-Sep 2022 | Jan-Sep 2021 | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 428,953,732.75 | 358,288,198.03 | 19.72% | | Operating Cost | 331,068,952.75 | 257,766,690.05 | 28.44% | | Net Profit Attributable to Parent Company Owners | 40,131,440.07 | 44,258,092.52 | -9.32% | | Credit Impairment Losses | -8,746,913.60 | -6,047,785.34 | -44.63% | Consolidated Cash Flow Statement In Q1-Q3 2022, net cash flow from operating activities was -RMB 25.84 million, a 287.54% year-on-year decrease, primarily due to increased payments for goods and services, indicating higher working capital pressure Consolidated Cash Flow Statement Key Items (Jan-Sep 2022, Unit: RMB) | Item | Jan-Sep 2022 | Jan-Sep 2021 | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -25,837,032.95 | 13,777,103.78 | -287.54% | | Net Cash Flow from Investing Activities | -4,892,922.53 | -63,400,770.26 | 92.28% | | Net Cash Flow from Financing Activities | -14,076,539.00 | -4,119,740.45 | -241.68% | | Net Increase in Cash and Cash Equivalents | -44,204,366.65 | -53,793,977.93 | 17.83% |