SOKAN(SH:688157)2024-10-17 09:04Report Overview Important Content and Disclaimer This unaudited Q3 2024 report from Songjing New Material Group Co., Ltd. is guaranteed for truthfulness, accuracy, and completeness by its management - The financial statements for this quarter are unaudited2 Key Financial Data Key Accounting Data and Financial Indicators The company achieved significant financial growth in Q3 2024 and year-to-date, with revenue and net profit attributable to shareholders showing strong increases Key Accounting Data and Financial Indicators (Current Reporting Period) | Project | Current Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 203,488,506.49 | 20.22 | | Net Profit Attributable to Shareholders of Listed Company | 30,520,004.44 | 13.52 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) | 30,319,504.68 | 24.64 | | Basic Earnings Per Share (RMB / share) | 0.27 | 12.50 | | Diluted Earnings Per Share (RMB / share) | 0.27 | 12.50 | | Weighted Average Return on Net Assets (%) | 2.28 | Increased by 0.15 percentage points | | Total R&D Investment | 25,753,835.43 | 9.82 | | R&D Investment as % of Operating Revenue | 12.66 | Decreased by 1.19 percentage points | Key Accounting Data and Financial Indicators (Year-to-Date) | Project | Year-to-Date (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 526,826,703.65 | 26.91 | | Net Profit Attributable to Shareholders of Listed Company | 71,232,885.66 | 32.89 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) | 64,912,570.19 | 37.06 | | Net Cash Flow from Operating Activities | 35,542,026.23 | Not applicable | | Basic Earnings Per Share (RMB / share) | 0.64 | 33.33 | | Diluted Earnings Per Share (RMB / share) | 0.64 | 33.33 | | Weighted Average Return on Net Assets (%) | 5.44 | Increased by 1.30 percentage points | | Total R&D Investment | 73,460,446.01 | 14.94 | | R&D Investment as % of Operating Revenue | 13.94 | Decreased by 1.46 percentage points | Asset and Liability Indicators (End of Current Period vs. End of Previous Year) | Project | End of Current Period (RMB) | End of Previous Year (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,675,202,492.43 | 1,571,945,269.45 | 6.57 | | Owners' Equity Attributable to Shareholders of Listed Company | 1,305,709,703.53 | 1,291,727,990.41 | 1.08 | Non-recurring Gains and Losses Non-recurring gains and losses primarily include government subsidies, fair value changes in financial assets, and disposal of non-current assets Non-recurring Gains and Losses and Amounts | Non-recurring Gains and Losses Item | Current Period Amount (RMB) | Year-to-Date Amount (RMB) | | :--- | :--- | :--- | | Government subsidies recognized in current profit or loss | 111,854.57 | 5,295,980.19 | | Gains or losses from disposal of non-current assets | | -91,720.05 | | Gains or losses from changes in fair value of financial assets and liabilities, and investment income from disposal of financial assets and liabilities | 202,631.93 | 1,907,294.10 | | Gains or losses from debt restructuring | -26,692.64 | -29,717.64 | | Other non-operating income and expenses | -14,666.40 | 6,973.84 | | Less: Income tax impact | 16,012.85 | 681,889.15 | | Less: Impact on minority interests (after tax) | 56,614.85 | 86,605.82 | | Total | 200,499.76 | 6,320,315.47 | Changes and Reasons for Key Accounting Data and Financial Indicators Year-to-date net profit attributable to shareholders and net profit excluding non-recurring items increased by 32.89% and 37.06% respectively, driven by sales growth and reduced expense ratios Changes and Reasons for Key Financial Indicators (Year-to-Date) | Project Name | Change (%) | Primary Reason | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | 32.89 | Primarily due to increased sales revenue and a decrease in period expense ratio compared to the same period last year | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) | 37.06 | Primarily due to increased sales revenue and a decrease in period expense ratio compared to the same period last year | | Net Cash Flow from Operating Activities | Not applicable | Primarily due to increased sales revenue and receipt of government subsidies during the reporting period | | Basic Earnings Per Share (RMB / share) | 33.33 | Primarily due to the increase in net profit attributable to shareholders of the listed company | | Diluted Earnings Per Share (RMB / share) | 33.33 | Primarily due to the increase in net profit attributable to shareholders of the listed company | Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 3,037 common shareholders, with Changsha Maosong Technology Co., Ltd. holding the largest stake at 48.22% - The total number of common shareholders at the end of the reporting period was 3,0378 Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Holding Ratio (%) | Share Status | Number of Pledged, Marked, or Frozen Shares (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Changsha Maosong Technology Co., Ltd. | Domestic Non-state-owned Legal Person | 53,883,200 | 48.22 | None | 0 | | Ling Jianfang | Domestic Natural Person | 5,140,933 | 4.60 | None | 0 | | Wang Bin | Domestic Natural Person | 3,169,283 | 2.84 | None | 0 | | Wu Song | Domestic Natural Person | 2,643,670 | 2.37 | Pledged | 2,000,000 | | Rui Zhong Ren Shou Insurance Co., Ltd. - Own Funds | Other | 2,409,415 | 2.16 | None | 0 | | Yang Bo | Overseas Natural Person | 2,090,200 | 1.87 | Pledged | 1,000,000 | | Industrial and Commercial Bank of China Co., Ltd. - GF Stable Return Mixed Securities Investment Fund | Other | 1,900,265 | 1.70 | None | 0 | | Hunan Huazhou Investment Private Equity Fund Management Co., Ltd. - Hunan Huazhou Debang Private Securities Investment Fund | Other | 1,862,786 | 1.67 | None | 0 | | Fullgoal Fund - China Life Insurance Co., Ltd. - Traditional Insurance - Fullgoal Fund China Life Shares Growth Stock Traditional Available-for-Sale Single Asset Management Plan | Other | 1,738,144 | 1.56 | None | 0 | | Yan Yaofan | Domestic Natural Person | 1,662,767 | 1.49 | None | 0 | - Ling Jianfang is the sister of Ling Yunjian, the actual controller of Changsha Maosong Technology Co., Ltd. (and the Company), indicating an associated relationship9 Other Reminders Other Important Information on the Company's Operating Performance to Remind Investors The company's overall operating performance steadily improved quarter-over-quarter, with Q3 revenue reaching a new historical high, driven by strong growth in key sectors - From January to September 2024, the company achieved operating revenue of 526.83 million RMB, a year-on-year increase of 26.91%10 - Q3 operating revenue reached 203.49 million RMB, a year-on-year increase of 20.22% and a quarter-on-quarter increase of 8.17%, setting a new single