雄帝科技(300546) - 2024 Q3 - 季度财报

Core Financial Data The company reported significant revenue and net profit growth in Q3 and YTD 2024, despite a substantial decline in operating cash flow and notable shifts in balance sheet items Key Accounting Data and Financial Indicators In Q3 and YTD 2024, the company achieved significant year-over-year growth in operating revenue and net profit attributable to parent company shareholders; however, year-to-date net cash flow from operating activities substantially deteriorated, decreasing by 391.18%, indicating collection pressure Key Financial Indicators for Q3 and YTD 2024 | Indicator | Current Period (Q3) Amount (Million Yuan) | Q3 YoY Change | Year-to-Date (YTD) Amount (Million Yuan) | YTD YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 119.72 | +69.46% | 319.92 | +14.73% | | Net Profit Attributable to Shareholders of Listed Company | 3.23 | +122.16% | 10.74 | +204.47% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 1.34 | +107.18% | 4.14 | +118.72% | | Net Cash Flow from Operating Activities | - | - | -76.14 | -391.18% | | Basic Earnings Per Share (Yuan/share) | 0.02 | +125.00% | 0.06 | +200.00% | | Total Assets (Period-end, Billion Yuan) | 1.27 | -0.25% (vs. prior year-end) | - | - | | Shareholders' Equity Attributable to Shareholders of Listed Company (Period-end, Billion Yuan) | 1.08 | +1.31% (vs. prior year-end) | - | - | Non-recurring Gains and Losses In the first three quarters of 2024, the company's total non-recurring gains and losses amounted to 6.60 million Yuan, significantly contributing to current net profit, primarily from fair value changes in financial assets (4.71 million Yuan) and government grants (2.02 million Yuan) Non-recurring Gains and Losses Items for YTD 2024 | Item | Year-to-Date Amount (Million Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 0.87 | | Government Grants Recognized in Current Profit/Loss | 2.02 | | Gains/Losses from Changes in Fair Value and Disposal of Financial Assets and Liabilities | 4.71 | | Other Non-operating Income/Expenses and Investment Income | 0.10 | | Less: Income Tax Impact | 1.10 | | Total | 6.60 | Financial Indicator Variation Analysis During the reporting period, several items across the company's balance sheet, income statement, and cash flow statement showed significant changes, with accounts receivable increasing by 35.09% due to higher sales, but slower collection leading to a 391.18% year-over-year decline in net operating cash flow, while investing cash flow surged by 739.73% from wealth management product disposals - Balance Sheet Item Changes: - Accounts Receivable: Increased by 35.09% from the beginning of the year, primarily due to increased sales revenue[5] - Prepayments: Increased by 50.03% from the beginning of the year, primarily due to advance payments to suppliers[5] - Notes Payable: Increased by 226.74% from the beginning of the year, primarily due to the company issuing acceptance bills[5] - Employee Compensation Payable: Decreased by 64.43% from the beginning of the year, primarily due to the payment of prior year-end bonuses[5] - Income Statement Item Changes: - Credit Impairment Losses: Decreased by 234.79% year-over-year, primarily due to a slowdown in sales collection[6] - Non-operating Income: Increased by 370.44% year-over-year, primarily due to gains from acquiring subsidiaries where investment cost was less than fair value[6] - Non-operating Expenses: Increased by 1093.23% year-over-year, primarily due to higher losses from disposal of non-current assets compared to the previous year[6] - Cash Flow Statement Item Changes: - Net Cash Flow from Operating Activities: Decreased by 391.18% year-over-year, primarily due to a decline in sales collection[7] - Net Cash Flow from Investing Activities: Increased by 739.73% year-over-year, primarily due to the company's disposal of wealth management products during the period[7] Shareholder Information This section details the company's shareholder structure, including the total number of shareholders, top ten shareholders, and changes in restricted shares Shareholding Status of Shareholders As of the end of the reporting period, the company had 25,922 common shareholders, with actual controllers Gao Jing and Zheng Song (mother and son) acting in concert, holding a combined 37.49%; top ten shareholders include foreign institutions like Goldman Sachs International and Morgan Stanley Top Ten Shareholders' Shareholding | Shareholder Name | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | | Gao Jing | 31.79% | 58,975,152 | | Zheng Song | 5.70% | 10,570,040 | | Liu Lilin | 1.05% | 1,947,795 | | Yang Dawei | 0.57% | 1,055,178 | | Goldman Sachs International - Proprietary Account | 0.52% | 971,975 | - The company's actual controllers are Gao Jing and Zheng Song, who are mother and son and act in concert[9] Changes in Restricted Shares During the reporting period, the company's total restricted shares increased from 51,670,951 at the beginning to 52,486,371 at the end, a net increase of 815,420 shares, primarily due to an increase in restricted shares for senior management Changes in Restricted Shares | Shareholder Name | Restricted Shares at Beginning of Period | Changes During Period | Restricted Shares at End of Period | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Gao Jing | 43,412,889 | +818,475 | 44,231,364 | Restricted Shares for Senior Management | | Zheng Song | 7,927,530 | 0 | 7,927,530 | Restricted Shares for Senior Management | | Lü Fenqi | 12,220 | -3,055 | 9,165 | Restricted Shares for Senior Management | | Total | 51,670,951 | +815,420 | 52,486,371 | - | Other Significant Matters There were no other significant matters requiring disclosure during the reporting period - No other significant matters occurred during the reporting period[12] Quarterly Financial Statements This section presents the unaudited consolidated financial statements for the third quarter and year-to-date 2024, including the balance sheet, income statement, and cash flow statement Consolidated Financial Statements This section provides the unaudited consolidated balance sheet for Q3 2024, and the consolidated income statement and cash flow statement from year-beginning to period-end Consolidated Balance Sheet As of September 30, 2024, the company's total assets were 1.27 billion Yuan, a slight decrease of 0.25% from the beginning of the year; shareholders' equity attributable to the listed company was 1.08 billion Yuan, up 1.31% from the beginning of the year, with current assets accounting for a high 80.4% of total assets Consolidated Balance Sheet Key Items (September 30, 2024) | Item | Period-end Balance (Billion/Million Yuan) | Year-beginning Balance (Billion/Million Yuan) | | :--- | :--- | :--- | | Total Assets | 1.27 billion | 1.27 billion | | Total Current Assets | 1.02 billion | 1.01 billion | | Total Non-current Assets | 248.60 million | 258.29 million | | Total Liabilities | 193.74 million | 210.93 million | | Total Current Liabilities | 180.75 million | 196.31 million | | Total Owners' Equity | 1.08 billion | 1.06 billion | | Owners' Equity Attributable to Parent Company | 1.08 billion | 1.06 billion | Consolidated Income Statement In the first three quarters of 2024, the company achieved 320 million Yuan in operating revenue, a 14.73% year-over-year increase, and 10.74 million Yuan in net profit attributable to parent company shareholders, a 204.47% year-over-year increase, successfully turning profitable, with R&D expenses of 71.62 million Yuan, representing 22.39% of operating revenue, indicating continued high investment Consolidated Income Statement Key Items (January-September 2024) | Item | Current Period Amount (Million Yuan) | Prior Period Amount (Million Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 319.92 | 278.86 | | Total Operating Costs | 322.94 | 308.72 | | Including: Operating Costs | 164.17 | 157.45 | | Selling Expenses | 50.36 | 48.38 | | Administrative Expenses | 39.55 | 39.68 | | Research and Development Expenses | 71.62 | 64.47 | | Operating Profit | 10.63 | -9.91 | | Total Profit | 10.72 | -9.88 | | Net Profit | 10.74 | -10.28 | | Net Profit Attributable to Parent Company Shareholders | 10.74 | -10.28 | Consolidated Cash Flow Statement In the first three quarters of 2024, net cash flow from operating activities was -76.14 million Yuan, a 391.18% year-over-year decrease primarily due to lower sales collection; net cash flow from investing activities was 120.33 million Yuan, mainly from wealth management product disposals, with cash and cash equivalents at period-end totaling 368.77 million Yuan Consolidated Cash Flow Statement Key Items (January-September 2024) | Item | Current Period Amount (Million Yuan) | Prior Period Amount (Million Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -76.14 | -15.50 | | Net Cash Flow from Investing Activities | 120.33 | -18.81 | | Net Cash Flow from Financing Activities | -8.45 | -12.01 | | Effect of Exchange Rate Changes on Cash | -2.20 | 3.21 | | Net Increase in Cash and Cash Equivalents | 33.54 | -43.10 | | Cash and Cash Equivalents at Period-end | 368.77 | 265.95 |