优彩资源(002998) - 2024 Q3 - 季度财报

I. Key Financial Data Key Accounting Data and Financial Indicators Revenue and net profit attributable to parent company shareholders both declined year-over-year in the first three quarters of 2024 Key Financial Indicators for the First Three Quarters of 2024 | Indicator | Year-to-Date | YTD YoY Change | | :--- | :--- | :--- | | Operating Revenue (CNY) | 1,614,066,205.07 | -13.95% | | Net Profit Attributable to Shareholders (CNY) | 97,004,213.34 | -12.71% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (CNY) | 94,758,003.38 | -18.36% | | Net Cash Flow from Operating Activities (CNY) | -320,502,360.08 | -1,372.37% | | Basic Earnings Per Share (CNY/Share) | 0.30 | -11.76% | | Weighted Average Return on Equity | 5.29% | -1.29% | Key Financial Indicators for Q3 2024 | Indicator | Current Period | YoY Change | | :--- | :--- | :--- | | Operating Revenue (CNY) | 558,694,358.86 | -25.34% | | Net Profit Attributable to Shareholders (CNY) | 27,166,895.99 | -36.91% | | Basic Earnings Per Share (CNY/Share) | 0.0800 | -46.67% | Key Asset and Equity Indicators at Period-End | Indicator | End of Current Period | Change from Prior Year-End | | :--- | :--- | :--- | | Total Assets (CNY) | 2,606,728,071.86 | 5.94% | | Equity Attributable to Shareholders (CNY) | 1,784,557,342.30 | 4.87% | Non-recurring Profit and Loss Items and Amounts Non-recurring profit and loss for the first three quarters of 2024 totaled 2.25 million CNY, mainly from government subsidies Non-recurring Profit and Loss Items for the First Three Quarters of 2024 | Item | YTD Amount (CNY) | | :--- | :--- | | Government subsidies included in current profit and loss | 2,794,403.87 | | Gains/losses on disposal of non-current assets | 84,688.70 | | Other non-operating income and expenses | -354,689.97 | | Total | 2,246,209.96 | Analysis of Changes in Key Financial Indicators and Reasons Significant changes occurred in key financial indicators, including increased assets and a sharp decline in operating cash flow - Net cash flow from operating activities was -321 million CNY, a significant decrease of 1372.37% YoY, mainly due to increased inventory and accounts receivable[6] - R&D expenses were 61.9 million CNY, a YoY increase of 111.38%, attributed to investments aligned with the R&D schedule[6] Key Balance Sheet Item Changes | Item | Change (%) | Reason | | :--- | :--- | :--- | | Accounts Receivable | 99.71% | Industry practice of concentrated collections in Q4 | | Prepayments | 230.97% | Increase in advance payments for materials | | Inventories | 105.93% | Normal inventory buildup for peak season shipments | | Construction in Progress | 105.78% | Increased investment in convertible bond projects | II. Shareholder Information Common Shareholder Holdings The company had 19,706 common shareholders, with the top two shareholders being a married couple holding a combined 48.58% - At the end of the reporting period, the total number of common shareholders was 19,706[7] - Shareholders Dai Zexin and Wang Xueping are a married couple; Dai Zexin is also the executive partner of Jiangyin Qunying Investment Enterprise (Limited Partnership)[8] Top Three Shareholder Holdings | Shareholder Name | Shareholder Type | Shareholding Ratio | | :--- | :--- | :--- | | Dai Zexin | Domestic Natural Person | 33.47% | | Wang Xueping | Domestic Natural Person | 15.11% | | Jiangyin Qunying Investment Enterprise (Limited Partnership) | Domestic Non-State-Owned Legal Entity | 4.85% | III. Other Important Matters The company's share repurchase account holds 2,409,900 shares, representing 0.74% of the total share capital - The company's dedicated share repurchase account holds 2,409,900 shares, representing 0.74% of the total share capital, which is not listed among the top 10 shareholders[9] IV. Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2024, total assets grew to 2.61 billion CNY, driven by increases in inventories and construction in progress - Current assets increased from 1.21 billion CNY to 1.27 billion CNY, primarily due to a significant rise in inventories from 258 million CNY to 532 million CNY[11] - Non-current assets grew from 1.25 billion CNY to 1.34 billion CNY, mainly driven by an increase in construction in progress from 154 million CNY to 317 million CNY[11] Key Balance Sheet Items (Unit: CNY) | Item | Ending Balance | Beginning Balance | | :--- | :--- | :--- | | Total Assets | 2,606,728,071.86 | 2,460,627,671.23 | | Total Liabilities | 822,170,729.56 | 758,889,920.91 | | Total Equity Attributable to Parent Company | 1,784,557,342.30 | 1,701,737,750.32 | Consolidated Income Statement For the first three quarters of 2024, total operating revenue decreased by 13.95% YoY while R&D expenses rose significantly - Among period expenses, R&D expenses increased by 111.38% to 61.9 million CNY, and selling expenses grew by 55.95% to 13.8 million CNY[14] - Basic earnings per share was 0.30 CNY and diluted EPS was 0.25 CNY, both decreasing from the prior year's 0.34 CNY and 0.32 CNY, respectively[15] Core Income Statement Data for the First Three Quarters of 2024 (Unit: CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Total Operating Revenue | 1,614,066,205.07 | 1,875,810,585.64 | | II. Total Operating Costs | 1,541,004,970.78 | 1,793,820,356.46 | | III. Operating Profit | 102,419,843.77 | 118,025,114.27 | | V. Net Profit | 97,004,213.34 | 111,134,136.48 | | Net Profit Attributable to Parent Company Shareholders | 97,004,213.34 | 111,134,136.48 | Consolidated Cash Flow Statement The company experienced a net cash outflow from operating activities and a net inflow from investing activities in the first three quarters of 2024 - Operating cash outflow increased significantly, with cash paid for goods and services (1.83 billion CNY) exceeding cash received from sales (1.67 billion CNY), causing negative operating cash flow[16] - Cash inflow from investing activities was primarily driven by 450 million CNY in cash received from return of investments, far exceeding the 200 million CNY paid for investments[16] Cash Flow Statement Overview for the First Three Quarters of 2024 (Unit: CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -320,502,360.08 | 25,189,325.25 | | Net Cash Flow from Investing Activities | 198,184,507.31 | -140,139,236.21 | | Net Cash Flow from Financing Activities | -16,176,357.31 | -241,343,563.12 | | Net Increase in Cash and Cash Equivalents | -137,190,633.45 | -355,475,269.15 |