天源迪科(300047) - 2024 Q3 - 季度财报

Major Financial Data This section presents the company's key financial performance indicators and balance sheet items for the reporting period Key Accounting Data and Financial Indicators The company's Q1-Q3 2024 operating revenue grew 39.37% to CNY 5.603 billion, while net profit attributable to shareholders decreased 9.63% and total assets declined 8.73% Key Financial Data for Q3 2024 and Year-to-Date | Indicator | This Reporting Period (Q3) | YoY Change for This Reporting Period | Year-to-Date (Q1-Q3) | YoY Change for Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 2,125,595,756.90 | 45.53% | 5,603,214,884.63 | 39.37% | | Net Profit Attributable to Shareholders (CNY) | 1,631,022.30 | -56.84% | 32,236,304.13 | -9.63% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items (CNY) | 80,326.79 | 104.36% | 26,121,729.59 | 20.06% | | Net Cash Flow from Operating Activities (CNY) | -- | -- | 941,435,745.36 | -5.55% | | Basic Earnings Per Share (CNY/share) | 0.0026 | -55.93% | 0.0505 | -9.66% | | | End of This Reporting Period | End of Last Fiscal Year | Change from End of Last Fiscal Year | | | Total Assets (CNY) | 6,449,391,202.73 | 7,065,933,454.42 | -8.73% | | | Total Equity Attributable to Shareholders (CNY) | 3,333,486,582.05 | 3,310,841,535.11 | 0.68% | | Non-Recurring Gains and Losses and Amounts Year-to-date non-recurring gains and losses totaled CNY 6.115 million, primarily from government grants of CNY 7.127 million and non-current asset disposal gains of CNY 1.027 million Year-to-Date Non-Recurring Gains and Losses Items | Item | Year-to-Date Amount (CNY) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 1,026,868.89 | | Government Grants Included in Current Period Profit/Loss | 7,126,664.58 | | Other Non-Operating Income and Expenses | -162,804.76 | | Less: Income Tax Impact | 747,213.89 | | Less: Impact on Minority Interests (After Tax) | 1,128,940.28 | | Total | 6,114,574.54 | Analysis of Changes in Key Accounting Data and Financial Indicators During the reporting period, several financial indicators changed significantly, with construction in progress increasing 494.30% due to investment in the Hefei R&D base, operating revenue growing 39.37% from ICT product sales, and investment income declining 107.26% due to lower associate net profits Key Balance Sheet Item Changes | Statement Item | Change Percentage | Reason for Change | | :--- | :--- | :--- | | Accounts Receivable Financing | 155.17% | Increase in bank acceptance bills received | | Construction in Progress | 494.30% | Increased investment in Hefei R&D Base Phase II | | Long-Term Prepaid Expenses | 131.72% | Increased renovation expenses for headquarters building | Key Income Statement Item Changes (Year-to-Date) | Statement Item | Change Percentage | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 39.37% | Increase in ICT product sales revenue | | Operating Cost | 43.25% | Corresponding increase in costs due to increased ICT product sales revenue | | Investment Income | -107.26% | Decrease in net profit of associates | | Credit Impairment Losses | -48.64% | Decrease in reversal of expected credit losses on accounts receivable | - Net cash flow from investing activities improved 53.70% year-over-year, primarily due to funds from the sale of Beijing Haidian District property being transferred out of the escrow account[7] Shareholder Information This section provides details on the company's shareholding structure, including major shareholders and changes in restricted shares Common Shareholder Holdings As of the reporting period end, the company had 83,376 common shareholders, with Chen You as the largest shareholder holding 8.65%, some of which are pledged, and no related party or concerted action among major individual shareholders Top 10 Shareholder Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | Number of Restricted Shares Held | Pledge Status | | :--- | :--- | :--- | :--- | :--- | :--- | | 陈友 | Domestic Natural Person | 8.65% | 55,137,772 | 41,353,329 | Pledged 21,226,943 | | 陈兵 | Domestic Natural Person | 3.18% | 20,287,188 | 15,215,391 | N/A | | 陈鲁康 | Domestic Natural Person | 2.28% | 14,547,518 | 10,910,638 | N/A | | 杨文庆 | Domestic Natural Person | 2.24% | 14,314,632 | 10,735,974 | N/A | | 谢晓宾 | Domestic Natural Person | 1.86% | 11,870,453 | 8,902,840 | N/A | - There are no related party relationships or concerted actions among the company's major individual shareholders, including Chen You, Chen Bing, Chen Lukang, Yang Wenqing, and Xie Xiaobin[9] Changes in Restricted Shares During the reporting period, the total number of restricted shares decreased from 98.8235 million to 88.0257 million, primarily due to the release of 10.8121 million restricted shares by some directors and senior executives under term-of-office lock-up rules Overview of Restricted Share Changes | Item | Number of Shares | | :--- | :--- | | Restricted Shares at Beginning of Period | 98,823,519 | | Restricted Shares Released This Period | 10,812,111 | | Restricted Shares Increased This Period | 14,250 | | Restricted Shares at End of Period | 88,025,658 | - Changes in restricted shares primarily resulted from current directors and senior executives releasing a portion of their restricted shares this period, in accordance with the 75% annual lock-up rule, including 5,062,500 shares by Chen Bing, 2,726,250 shares by Chen Lukang, and 2,962,500 shares by Xie Xiaobin[10] Other Significant Matters During the reporting period, the company completed a significant equity acquisition of 45% of Shenzhen Jinhuawei Digital Technology Co., Ltd. for CNY 306 million, making it a wholly-owned subsidiary, alongside other subsidiary-level equity transfers, capital reserve to share capital conversions, and capital reductions - The company acquired 45% equity in Shenzhen Jinhuawei Digital Technology Co., Ltd. from Hainan Jinshang Yunwang Investment Co., Ltd. for CNY 306 million, making Jinhuawei a 100% wholly-owned subsidiary[12] - Holding subsidiary Shenzhen Jinhuawei Digital Technology Co., Ltd. increased its registered capital by CNY 200 million using undistributed profits, raising its total registered capital to CNY 460 million[12] - The company also made other equity adjustments, including transferring a portion of its equity in associate Guangxi Yitu Information Technology Co., Ltd., and holding subsidiary Weienbeite transferring its 35% stake in Shenzhen Qianhai Weienbeite Technology Co., Ltd[12] Quarterly Financial Statements This section provides the company's consolidated financial statements, including the balance sheet, income statement, and cash flow statement, for the reporting period Financial Statements This section presents the consolidated balance sheet as of September 30, 2024, and the consolidated income statement and cash flow statement for the year-to-date period, showing a decrease in total assets, increased operating revenue but declining net profit, and continued positive operating cash flow Consolidated Balance Sheet As of September 30, 2024, total assets were CNY 6.449 billion, down 8.73% from the beginning of the year, total liabilities were CNY 2.812 billion, down 19.03% primarily due to reduced short-term borrowings, and equity attributable to shareholders slightly increased 0.68% to CNY 3.333 billion Key Consolidated Balance Sheet Items (Unit: CNY) | Item | Period-End Balance (2024-09-30) | Period-Beginning Balance (2023-12-31) | | :--- | :--- | :--- | | Total Assets | 6,449,391,202.73 | 7,065,933,454.42 | | Total Current Assets | 4,509,705,593.79 | 5,166,223,352.77 | | Total Non-Current Assets | 1,939,685,608.94 | 1,899,710,101.65 | | Total Liabilities | 2,811,951,993.33 | 3,472,796,468.83 | | Total Current Liabilities | 2,619,178,153.86 | 3,285,729,237.01 | | Total Non-Current Liabilities | 192,773,839.47 | 187,067,231.82 | | Total Equity | 3,637,439,209.40 | 3,593,136,985.59 | | Equity Attributable to Shareholders | 3,333,486,582.05 | 3,310,841,535.11 | Consolidated Income Statement Year-to-Date In the first three quarters of 2024, the company achieved total operating revenue of CNY 5.603 billion, up 39.37%, with total operating costs of CNY 5.546 billion, up 38.53%, resulting in a 9.63% decrease in net profit attributable to parent company shareholders to CNY 32.236 million, impacted by factors like declining investment income Key Consolidated Income Statement Items (Jan-Sep 2024) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Total Operating Revenue | 5,603,214,884.63 | 4,020,351,374.12 | | II. Total Operating Costs | 5,546,307,035.15 | 4,003,655,650.70 | | Including: Operating Cost | 5,081,558,171.85 | 3,547,371,805.69 | | Research and Development Expenses | 174,881,754.94 | 177,626,382.76 | | III. Operating Profit | 90,765,240.14 | 75,559,168.43 | | IV. Total Profit | 90,256,854.31 | 75,293,943.32 | | V. Net Profit | 73,847,453.91 | 63,570,693.42 | | Net Profit Attributable to Parent Company Shareholders | 32,236,304.13 | 35,673,367.36 | | Basic Earnings Per Share | 0.0505 | 0.0559 | Consolidated Cash Flow Statement Year-to-Date In the first three quarters of 2024, net cash flow from operating activities was CNY 941.436 million, a 5.55% year-over-year decrease, while net cash outflow from investing activities significantly reduced to CNY 71.213 million, and net cash outflow from financing activities was CNY 790.652 million, with cash and cash equivalents at period-end totaling CNY 245.229 million Key Consolidated Cash Flow Statement Items (Jan-Sep 2024) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 941,435,745.36 | 996,724,347.28 | | Net Cash Flow from Investing Activities | -71,212,501.12 | -153,819,362.02 | | Net Cash Flow from Financing Activities | -790,652,287.89 | -920,886,668.02 | | Net Increase in Cash and Cash Equivalents | 79,603,451.65 | -78,094,033.46 | | Cash and Cash Equivalents at Period-End | 245,228,920.31 | 78,842,290.88 | Audit Report The company's Q3 2024 report is unaudited - The company's third-quarter report is unaudited[19]