元力股份(300174) - 2024 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q3 2024, operating revenue declined, but net profit attributable to shareholders grew, with significant year-to-date profit growth Key Financial Indicators for Q1-Q3 2024 | Indicator | Current Period (Q3) (CNY) | Q3 YoY Change | Year-to-Date (Q1-Q3) (CNY) | Q1-Q3 YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 412,479,930.61 | -20.42% | 1,396,423,018.22 | -5.53% | | Net Profit Attributable to Parent Company Shareholders | 64,173,285.79 | 3.40% | 211,969,432.25 | 20.53% | | Net Cash Flow from Operating Activities | -- | -- | 81,919,370.64 | -18.07% | | Basic Earnings Per Share (CNY/share) | 0.1772 | 2.61% | 0.5852 | 19.60% | | Total Assets | 3,922,506,146.14 | -0.74% (vs. prior year-end) | 3,922,506,146.14 | -0.74% (vs. prior year-end) | | Total Equity Attributable to Parent Company Shareholders | 3,270,373,799.25 | 5.13% (vs. prior year-end) | 3,270,373,799.25 | 5.13% (vs. prior year-end) | Non-Recurring Gains and Losses Items and Amounts Year-to-date non-recurring gains totaled CNY 31.51 million, primarily from non-current asset disposals, positively impacting profit Key Non-Recurring Gains and Losses Items (Year-to-Date) | Item | Amount (CNY) | | :--- | :--- | | Disposal gains/losses on non-current assets | 27,304,619.90 | | Government grants recognized in current profit/loss | 3,840,337.38 | | Total | 31,507,922.37 | Analysis of Changes in Key Financial Data and Reasons Key financial changes resulted from the deconsolidation of Yuanhe Chemical, increased long-term borrowings, and higher engineering prepayments - The transfer of 51% equity in controlling subsidiary Yuanhe Chemical was the primary reason for significant year-over-year decreases in accounts receivable, long-term equity investments, long-term deferred expenses, accounts payable, other payables, and minority interests[6][7] - Long-term borrowings increased by 104.63% from the beginning of the year, primarily due to increased bank long-term borrowings[6] - Other non-current assets increased by 48.07% from the beginning of the year, mainly due to increased engineering prepayments[6] - The company paid CNY 50 million for share repurchases, leading to a 102.24% year-over-year increase in cash paid for other financing activities[8] Shareholder Information Shareholder Ownership As of the period end, the company had 13,764 common shareholders, with actual controllers holding over 22% and key institutional investors among the top ten Top Five Shareholders' Ownership | Shareholder Name | Shareholder Type | Shareholding Percentage | | :--- | :--- | :--- | | Wang Yan'an | Domestic Natural Person | 16.59% | | Fujian Sanan Group Co., Ltd. | Domestic Non-State-Owned Legal Entity | 6.02% | | Lu Yuanjian | Domestic Natural Person | 5.96% | | Lin Zhiqiang | Domestic Natural Person | 4.66% | | Quanzhou Shenghui Investment Co., Ltd. | Domestic Non-State-Owned Legal Entity | 2.77% | - Shareholders Lu Yuanjian and Wang Yan'an are a married couple and the company's actual controllers[12] - Quanzhou Shenghui Investment Co., Ltd. is a wholly-owned subsidiary of Fujian Sanan Group Co., Ltd[12] Changes in Restricted Shares Restricted shares decreased from 1,319,398 to 1,289,398 due to executive-locked share unlocking, with all restricted shares being executive-locked Overview of Restricted Share Changes | Item | Number of Shares | | :--- | :--- | | Restricted Shares at Period Beginning | 1,319,398 | | Shares Unlocked This Period | 30,000 | | Shares Added This Period | 0 | | Restricted Shares at Period End | 1,289,398 | Other Significant Matters Other Significant Matters The company initiated a share repurchase plan and completed the re-election of its Board of Directors and Board of Supervisors during the reporting period - The company initiated a share repurchase plan, intending to use CNY 50 million to CNY 80 million of its own funds to repurchase shares. As of September 30, 2024, 3,900,601 shares have been repurchased, representing 1.07% of the total share capital, with a total transaction amount of approximately CNY 49.99 million[15] - The company completed the re-election of its Board of Directors and Board of Supervisors on September 27, 2024, with Xu Wenxian elected as Chairman of the Sixth Board of Directors and appointed as General Manager[15] Quarterly Financial Statements Financial Statements This section presents the company's unaudited consolidated balance sheet, income statement, and cash flow statement Consolidated Balance Sheet Total assets slightly decreased to CNY 3.923 billion, while liabilities decreased and equity attributable to shareholders increased, optimizing the asset structure Key Balance Sheet Items | Item | Period-End Balance (CNY) | Period-Beginning Balance (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 3,922,506,146.14 | 3,951,679,262.57 | -0.74% | | Total Liabilities | 618,497,881.83 | 719,405,233.92 | -13.96% | | Total Equity Attributable to Parent Company Shareholders | 3,270,373,799.25 | 3,110,908,734.36 | 5.13% | Consolidated Income Statement Q1-Q3 2024 operating revenue declined, but effective cost control and other income drove operating profit up, resulting in a 20.53% increase in net profit attributable to shareholders Core Income Statement Data (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,396,423,018.22 | 1,478,148,556.89 | -5.53% | | Operating Cost | 1,046,686,350.47 | 1,153,303,421.34 | -9.24% | | Operating Profit | 236,131,524.19 | 226,375,119.63 | 4.31% | | Net Profit Attributable to Parent Company Shareholders | 211,969,432.25 | 175,867,195.16 | 20.53% | Consolidated Cash Flow Statement Q1-Q3 2024 saw decreased operating cash flow, significant investing cash outflow due to fixed deposits, and modest financing cash inflow, leading to a substantial decline in cash and cash equivalents Key Cash Flow Statement Data (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 81,919,370.64 | 99,991,802.20 | | Net Cash Flow from Investing Activities | -879,209,079.66 | -463,762,054.10 | | Net Cash Flow from Financing Activities | 12,296,418.84 | 119,191,847.21 | | Net Increase in Cash and Cash Equivalents | -782,963,487.24 | -244,129,743.01 | - Cash outflow from investing activities significantly increased, primarily due to 'cash paid for other investing activities' rising from CNY 780 million in the prior period to CNY 1.28 billion, explained by an increase in fixed deposits[7][24] Audit Report The financial statements presented in this quarterly report are unaudited - The company's third-quarter report is unaudited[24]