本川智能(300964) - 2024 Q3 - 季度财报

I. Key Financial Data (I) Key Accounting Data and Financial Indicators The company achieved significant growth in operating revenue and net profit, with Q3 revenue up 23.83% and net profit up 187.60% year-on-year, while year-to-date operating cash flow decreased by 39.16% | Indicator | Current Period (RMB) | YoY Change in Current Period | Year-to-Date (RMB) | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 151,369,467.27 | 23.83% | 428,737,794.60 | 11.06% | | Net Profit Attributable to Shareholders | 5,544,437.66 | 187.60% | 21,170,809.32 | 43.41% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 3,051,738.13 | 215.04% | 12,441,422.81 | 449.44% | | Net Cash Flow from Operating Activities | -- | -- | 31,516,206.55 | -39.16% | | Basic Earnings Per Share (RMB/share) | 0.07 | 133.33% | 0.27 | 42.11% | | Diluted Earnings Per Share (RMB/share) | 0.07 | 133.33% | 0.27 | 42.11% | | Weighted Average Return on Net Assets | 0.56% | 0.37% | 2.10% | 0.64% | | Total Assets (RMB) | 1,300,310,029.08 | -1.26% (End of Current Period vs. End of Previous Year) | | | | Shareholders' Equity Attributable to Listed Company (RMB) | 995,514,993.93 | -0.03% (End of Current Period vs. End of Previous Year) | | | (II) Non-Recurring Gains and Losses Items and Amounts Total non-recurring gains and losses for the current period were RMB 2.49 million, and RMB 8.73 million year-to-date, primarily from government grants, entrusted investments, and fair value changes | Item | Amount for Current Period (RMB) | Amount Year-to-Date (RMB) | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -413,167.00 | -266,807.36 | | Government Grants Recognized in Current Profit/Loss | 1,375,497.28 | 4,326,822.74 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets/Liabilities | 473,235.90 | 418,408.07 | | Gains/Losses from Entrusted Investments or Asset Management | 1,498,588.92 | 5,805,634.06 | | Other Non-Operating Income and Expenses (Excluding Above) | -6,994.74 | -8,767.70 | | Less: Income Tax Impact | 434,460.83 | 1,545,903.30 | | Total | 2,492,699.53 | 8,729,386.51 | (III) Changes and Reasons for Key Accounting Data and Financial Indicators Significant changes occurred in balance sheet and income statement items, with monetary funds decreasing due to wealth management, while notes receivable, prepayments, other receivables, construction in progress, and intangible assets increased, and finance expenses turned negative due to exchange rate fluctuations Balance Sheet Item Changes (As of End of Reporting Period) | Item | Amount at Period End (RMB) | Amount at Period Start (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 92,456,947.74 | 194,207,451.82 | -52.39% | Mainly due to increased balance of wealth management products at period end | | Notes Receivable | 46,814,260.54 | 31,636,611.95 | 47.97% | Mainly due to unconfirmed endorsement of bills at period end | | Prepayments | 2,243,159.11 | 1,725,250.33 | 30.02% | Mainly due to increased advance payments for goods | | Other Receivables | 4,498,906.07 | 2,069,503.14 | 117.39% | Mainly due to increased export tax rebates receivable | | Long-term Equity Investment | 9,000,000.00 | - | 100.00% | Mainly due to increased external investments in current period | | Construction in Progress | 67,912,220.25 | 38,663,312.13 | 75.65% | Mainly due to progress of project construction | | Intangible Assets | 61,545,921.60 | 24,415,685.48 | 152.08% | Mainly due to increased land use rights in current period | | Other Payables | 3,216,684.28 | 9,042,112.68 | -64.43% | Mainly due to decreased intercompany balances received in current period | | Other Current Liabilities | 31,811,964.97 | 15,502,780.02 | 105.20% | Mainly due to unconfirmed endorsement of bills at period end | | Other Comprehensive Income | 4,731,261.45 | 539,825.59 | 776.44% | Mainly due to impact of foreign exchange rate fluctuations | Income Statement Item Changes (Year-to-Date) | Item | Amount Year-to-Date (RMB) | Amount in Prior Period (RMB) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Finance Expenses | -2,549,559.96 | 1,189,634.90 | -314.31% | Mainly due to exchange gains/losses from RMB to USD exchange rate fluctuations | | Other Income | 6,496,647.36 | 4,002,337.95 | 62.32% | Mainly due to increased government subsidies received in current period | | Investment Income | 5,805,634.06 | 11,071,457.32 | -47.56% | Mainly due to changes in product structure of cash management and entrusted wealth management, and interest rate decreases | | Gains from Fair Value Changes | 418,408.07 | 34,394.45 | 1116.50% | Mainly due to increased unrealized wealth management income at period end | | Credit Impairment Losses | -3,495,292.61 | -424,200.07 | 723.97% | Mainly due to impact of overdue accounts receivable at period end | | Income Tax Expense | 1,391,912.01 | -644,250.63 | 316.05% | Mainly due to increased total profit in current period | - The company actively expanded into emerging technology sectors like low-altitude economy, satellite communication, and AI, strengthening competitive advantages in communication equipment and automotive electronics, with printed circuit board production increasing by approximately 29% year-on-year, anticipating further profitability enhancement[7] II. Shareholder Information (I) Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the reporting period, the company had 15,480 common shareholders, with Dong Xiaojun holding the largest stake at 24.32% (partially pledged), and Nanjing Ruihan Equity Investment Partnership as the second largest at 19.92%, with some major shareholders having related party or concerted action relationships Top 10 Shareholders' Holdings at Period End | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held (shares) | Number of Restricted Shares Held (shares) | Share Status | Quantity (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Dong Xiaojun | Domestic Natural Person | 24.32% | 18,802,000 | 14,101,500 | Pledged | 3,230,000 | | Nanjing Ruihan Equity Investment Partnership (Limited Partnership) | Other | 19.92% | 15,400,000 | 0 | N/A | 0 | | Zhou Guoxiong | Domestic Natural Person | 7.00% | 5,413,300 | 4,059,975 | N/A | 0 | | Jiang Peilai | Domestic Natural Person | 6.79% | 5,250,000 | 3,937,500 | N/A | 0 | | Huang Qing'e | Domestic Natural Person | 2.68% | 2,070,000 | 0 | N/A | 0 | | Jiang Dongcheng | Domestic Natural Person | 1.59% | 1,228,500 | 921,375 | N/A | 0 | | Pan Mingxiao | Domestic Natural Person | 0.39% | 300,000 | 0 | N/A | 0 | | Goldman Sachs & Co. LLC | Overseas Legal Person | 0.34% | 264,594 | 0 | N/A | 0 | | Kong Hebing | Domestic Natural Person | 0.19% | 150,000 | 112,500 | N/A | 0 | | Zheng Xiaochun | Domestic Natural Person | 0.18% | 138,750 | 104,062 | N/A | 0 | - Dong Xiaojun, Zhou Guoxiong, Jiang Peilai, Huang Qing'e, and Jiang Dongcheng hold partnership interests in Nanjing Ruihan Equity Investment Partnership (Limited Partnership) of 53.72%, 17.60%, 15.00%, 9.00%, and 4.68% respectively, with Dong Xiaojun as the executive partner, indicating related party or concerted action relationships[10] (II) Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company currently has no preferred shareholders (III) Changes in Restricted Shares Total restricted shares decreased from 43,644,537 to 23,237,362 during the period, primarily due to the lifting of restrictions on pre-IPO shares held by Dong Xiaojun and Nanjing Ruihan Equity Investment Partnership on August 5, 2024 Changes in Restricted Shares | Shareholder Name | Restricted Shares at Period Start (shares) | Shares Unrestricted in Current Period (shares) | Shares Added to Restriction in Current Period (shares) | Restricted Shares at Period End (shares) | Reason for Restriction | Proposed Unrestriction Date | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Dong Xiaojun | 18,802,000 | 18,802,000 | 14,101,500 | 14,101,500 | Senior Management Lock-up Shares | Shares unrestricted in current period were pre-IPO restricted shares released on August 5, 2024; the statutory transferable quota for the current year is calculated at 25% on the first trading day of each year. | | Nanjing Ruihan Equity Investment Partnership (Limited Partnership) | 15,400,000 | 15,400,000 | 0 | 0 | N/A | Pre-IPO restricted shares were released on August 5, 2024. | | Zhou Guoxiong | 4,059,975 | 0 | 0 | 4,059,975 | Senior Management Lock-up Shares | The statutory transferable quota for the current year is calculated at 25% on the first trading day of each year. | | Jiang Peilai | 3,937,500 | 0 | 0 | 3,937,500 | Senior Management Lock-up Shares | The statutory transferable quota for the current year is calculated at 25% on the first trading day of each year. | | Jiang Dongcheng | 1,228,500 | 307,125 | 0 | 921,375 | Senior Management Lock-up Shares | The statutory transferable quota for the current year is calculated at 25% on the first trading day of each year. | | Kong Hebing | 112,500 | 0 | 0 | 112,500 | Senior Management Lock-up Shares | The statutory transferable quota for the current year is calculated at 25% on the first trading day of each year. | | Zheng Xiaochun | 104,062 | 0 | 0 | 104,062 | Senior Management Lock-up Shares | The statutory transferable quota for the current year is calculated at 25% on the first trading day of each year. | | Pan Jian | 0 | 0 | 450 | 450 | Senior Management Lock-up Shares | The statutory transferable quota for the current year is calculated at 25% on the first trading day of each year. | | Total | 43,644,537 | 34,509,125 | 14,101,950 | 23,237,362 | -- | -- | III. Other Significant Matters Significant Matters Disclosed by the Company via Interim Announcements During the Reporting Period The company disclosed multiple significant matters, including the listing of pre-IPO shares, expiration of a share reduction plan, cash management, foreign exchange hedging, 2024 semi-annual profit distribution, co-investment, equity acquisition, and replacement of sponsor representatives Overview of Significant Matters During the Reporting Period | No. | Overview of Other Significant Matters | Disclosure Date | Interim Report Disclosure Website Query Index | | :--- | :--- | :--- | :--- | | 1 | Announcement on the Listing and Circulation of Some Pre-IPO Shares | July 31, 2024 | Juchao Information Network: www.cninfo.com.cn (Announcement No.: 2024-039) | | 2 | Announcement on the Expiration of a Specific Shareholder's Share Reduction Plan | August 1, 2024 | Juchao Information Network: www.cninfo.com.cn (Announcement No.: 2024-040) | | 3 | Announcement on Using Idle Raised Funds for Cash Management and Idle Own Funds for Entrusted Wealth Management | August 8, 2024 | Juchao Information Network: www.cninfo.com.cn (Announcement No.: 2024-043) | | 4 | Announcement on Conducting Foreign Exchange Hedging Business | August 8, 2024 | Juchao Information Network: www.cninfo.com.cn (Announcement No.: 2024-044) | | 5 | Announcement on the 2024 Semi-Annual Profit Distribution Plan | August 30, 2024 | Juchao Information Network: www.cninfo.com.cn (Announcement No.: 2024-051) | | 6 | Announcement on Co-Investment with Professional Investment Institutions | September 3, 2024 | Juchao Information Network: www.cninfo.com.cn (Announcement No.: 2024-053) | | 7 | Announcement on Acquiring Equity and Increasing Capital with Own Funds | September 20, 2024 | Juchao Information Network: www.cninfo.com.cn (Announcement No.: 2024-055) | | 8 | Announcement on the Replacement of Sponsor Representatives | September 26, 2024 | Juchao Information Network: www.cninfo.com.cn (Announcement No.: 2024-057) | IV. Quarterly Financial Statements (I) Financial Statements This section presents the consolidated balance sheet as of September 30, 2024, and the consolidated income statement and cash flow statement year-to-date, detailing the company's financial position, operating results, and cash flow 1. Consolidated Balance Sheet Consolidated Balance Sheet (Summary) | Item | Balance at Period End (Sept 30, 2024, RMB) | Balance at Period Start (Jan 1, 2024, RMB) | | :--- | :--- | :--- | | Monetary Funds | 92,456,947.74 | 194,207,451.82 | | Financial Assets Held for Trading | 360,043,779.35 | 366,965,371.28 | | Notes Receivable | 46,814,260.54 | 31,636,611.95 | | Accounts Receivable | 143,217,546.90 | 131,912,525.31 | | Inventories | 89,904,372.13 | 78,554,080.12 | | Total Current Assets | 754,828,234.21 | 824,394,879.17 | | Long-term Equity Investment | 9,000,000.00 | 0 | | Fixed Assets | 372,597,315.28 | 389,338,431.29 | | Construction in Progress | 67,912,220.25 | 38,663,312.13 | | Intangible Assets | 61,545,921.60 | 24,415,685.48 | | Total Non-Current Assets | 545,481,794.87 | 492,571,094.74 | | Total Assets | 1,300,310,029.08 | 1,316,965,973.91 | | Short-term Borrowings | 20,012,538.04 | 20,025,053.49 | | Notes Payable | 76,406,247.91 | 88,528,074.22 | | Accounts Payable | 128,380,347.61 | 133,519,143.83 | | Total Current Liabilities | 279,786,195.79 | 291,575,619.16 | | Total Liabilities | 304,795,035.15 | 321,134,244.54 | | Total Equity Attributable to Parent Company Shareholders | 995,514,993.93 | 995,831,729.37 | | Total Liabilities and Shareholders' Equity | 1,300,310,029.08 | 1,316,965,973.91 | 2. Consolidated Income Statement Year-to-Date Consolidated Income Statement Year-to-Date (Summary) | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 428,737,794.60 | 386,055,485.10 | | Total Operating Costs | 413,459,774.84 | 384,386,439.02 | | Operating Profit | 22,571,489.03 | 14,114,898.88 | | Total Profit | 22,562,721.33 | 14,118,233.22 | | Net Profit | 21,170,809.32 | 14,762,483.85 | | Net Profit Attributable to Parent Company Shareholders | 21,170,809.32 | 14,762,483.85 | | Net Other Comprehensive Income After Tax | 4,191,435.86 | 46,427.99 | | Total Comprehensive Income | 25,362,245.18 | 14,808,911.84 | | Basic Earnings Per Share | 0.27 | 0.19 | | Diluted Earnings Per Share | 0.27 | 0.19 | 3. Consolidated Cash Flow Statement Year-to-Date Consolidated Cash Flow Statement Year-to-Date (Summary) | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | | :--- | :--- | :--- | | Subtotal Cash Inflows from Operating Activities | 352,414,276.53 | 473,215,445.79 | | Subtotal Cash Outflows from Operating Activities | 320,898,069.98 | 421,412,230.16 | | Net Cash Flow from Operating Activities | 31,516,206.55 | 51,803,215.63 | | Subtotal Cash Inflows from Investing Activities | 1,157,320,832.12 | 2,162,790,489.53 | | Subtotal Cash Outflows from Investing Activities | 1,262,331,070.99 | 2,275,804,233.68 | | Net Cash Flow from Investing Activities | -105,010,238.87 | -113,013,744.15 | | Subtotal Cash Inflows from Financing Activities | 66,712,434.89 | 131,848,155.16 | | Subtotal Cash Outflows from Financing Activities | 65,630,960.69 | 133,081,140.50 | | Net Cash Flow from Financing Activities | 1,081,474.20 | -1,232,985.34 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 1,441,638.93 | -1,110,784.45 | | Net Increase in Cash and Cash Equivalents | -70,970,919.19 | -63,554,298.31 | | Cash and Cash Equivalents at Period End | 88,452,124.59 | 92,194,007.01 | (II) Adjustments to Financial Statement Items at the Beginning of the First Year of New Accounting Standards Implementation from 2024 The company adopted new accounting standards from 2024, with no adjustments required for the financial statements at the beginning of the first year of implementation during this reporting period (III) Audit Report This quarterly report has not been audited - The company's 2024 third-quarter report is unaudited[23]