佳力图(603912) - 2024 Q3 - 季度财报

Important Content Disclosure This section provides essential declarations from management and clarifies the audit status of the quarterly financial statements Company Statement and Audit Status The company's board and management guarantee report accuracy; financial statements are unaudited - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions[2] - The company's principal officer, head of accounting, and head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[2] - The third-quarter financial statements are unaudited[2] I. Key Financial Data This section presents the company's core financial performance, position, and key accounting data (I) Key Accounting Data and Financial Indicators Q1-Q3 2024 revenue grew 18.09%, but net profit declined significantly due to market competition and higher expenses | Item | Year-Beginning to End of Reporting Period (2024) (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 454,586,469.84 | 18.09 | | Net Profit Attributable to Shareholders of Listed Company | 12,205,610.57 | -39.66 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 304,052.63 | -96.80 | | Net Cash Flow from Operating Activities | -50,747,451.74 | 50.53 | | Basic Earnings Per Share (RMB/share) | 0.0225 | -56.98 | | Diluted Earnings Per Share (RMB/share) | 0.0220 | -56.52 | | Total Assets (End of Reporting Period) | 3,402,310,110.58 | 14.48 | | Shareholders' Equity Attributable to Shareholders of Listed Company (End of Reporting Period) | 1,861,269,489.14 | -1.64 | - The decline in net profit is primarily due to fierce market competition leading to lower order gross margins, increased business-related expenses from an 18.45% order growth in Q1-Q3 2024, and higher R&D investment to enhance market competitiveness[4] - As of September 30, 2024, the company's orders on hand totaled 1.128 billion RMB[4] (II) Non-Recurring Gains and Losses Items and Amounts Total non-recurring gains and losses were 11.90 million RMB, mainly from government subsidies and financial asset fair value changes | Non-Recurring Gains and Losses Item | Amount from Year-Beginning to End of Reporting Period (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 12,017.78 | | Government Subsidies Included in Current Period's Gains/Losses | 3,171,790.81 | | Gains/Losses from Fair Value Changes of Financial Assets and Liabilities Held by Non-Financial Enterprises, and Gains/Losses from Disposal of Financial Assets and Liabilities, Excluding Effective Hedge Accounting Related to Normal Business Operations | 10,018,139.87 | | Other Gains/Losses Items Meeting the Definition of Non-Recurring Gains/Losses | 83,426.53 | | Less: Income Tax Impact | 1,511,151.87 | | Minority Interest Impact (After Tax) | 10,257.98 | | Total | 11,901,557.94 | (III) Changes and Reasons for Key Accounting Data and Financial Indicators Key accounting and financial indicators changed significantly due to wealth management, supplier settlements, increased orders, and asset disposal | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Cash and Cash Equivalents | -32.75 | Primarily due to changes in wealth management structure | | Trading Financial Assets | 140.56 | Primarily due to changes in wealth management structure | | Notes Receivable | -90.64 | Primarily due to changes in settlement methods | | Prepayments | 162.07 | Primarily due to increased orders and stock preparation | | Inventories | 39.50 | Primarily due to increased goods issued | | Short-Term Borrowings | 121.90 | Primarily due to borrowings for operational needs | | Notes Payable | 8,922.84 | Primarily due to changes in supplier payment methods | | Taxes Payable | -91.91 | Primarily due to payment of prior year's taxes | | Financial Expenses | 107.09 | Primarily due to changes in wealth management structure | | Investment Income | 40.57 | Primarily due to changes in wealth management structure | | Gains from Fair Value Changes | 627.71 | Primarily due to changes in wealth management structure | | Asset Impairment Losses | 711.55 | Primarily due to changes in accounts receivable structure | | Gains on Asset Disposal | 1,871.46 | Primarily due to fixed asset disposal | | Non-Operating Income | 3,957.80 | Primarily due to donation gains | | Net Cash Flow from Operating Activities | 50.53 | Primarily due to changes in supplier settlement methods | | Net Cash Flow from Investing Activities | -513.43 | Primarily due to changes in wealth management structure | | Net Cash Flow from Financing Activities | -70.82 | Primarily due to private placement in 2023 | | Operating Revenue (Current Period) | 38.42 | Primarily due to increased order acceptance | | Net Profit Attributable to Shareholders of Listed Company (Current Period) | -47.69 | Primarily due to decreased gross margin and increased expenses | II. Shareholder Information This section details the company's shareholder structure, including total common shareholders and top ten holdings (I) Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the reporting period, 44,052 common shareholders existed; Nanjing Kaide Investment Co., Ltd. held 28.91%, with pledged shares - As of the end of the reporting period, the total number of common shareholders was 44,052[9] | Shareholder Name | Shareholder Nature | Number of Shares Held | Holding Percentage (%) | Share Status | Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | | Nanjing Kaide Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 156,636,773 | 28.91 | Pledged | 78,316,447 | | Analogue Holdings Limited | Overseas Legal Person | 85,078,420 | 15.70 | None | | | Shanghai Kujiangle Technology Co., Ltd. | Domestic Non-State-Owned Legal Person | 9,250,656 | 1.71 | Frozen | 1,092,000 | | Hu Yican | Domestic Natural Person | 4,449,900 | 0.82 | None | | - The company is unaware of any related party relationships or concerted actions among shareholders[10] III. Other Reminders This section highlights any additional important operating information from the reporting period for investors Other Important Information Regarding the Company's Operating Performance During the Reporting Period Requiring Investor Attention No other significant operating information requires special investor attention during this reporting period - There is no other important operating information during this reporting period that requires investor attention[11] IV. Quarterly Financial Statements This section presents the company's unaudited quarterly financial statements, including consolidated and parent company balance sheets, income statements, and cash flows (I) Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[12] (II) Financial Statements This section details the company's consolidated and parent company financial statements, covering balance sheets, income statements, and cash flows Consolidated Balance Sheet This table presents the consolidated financial position as of September 30, 2024, compared to December 31, 2023 Consolidated Balance Sheet Key Data (As of September 30, 2024 vs December 31, 2023) | Item | September 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Total Assets | 3,402,310,110.58 | 2,972,069,722.76 | | Total Current Assets | 2,658,914,666.44 | 2,280,843,475.60 | | Total Non-Current Assets | 743,395,444.14 | 691,226,247.16 | | Total Liabilities | 1,540,428,501.93 | 1,079,262,588.85 | | Total Current Liabilities | 1,232,616,767.82 | 774,897,628.64 | | Total Non-Current Liabilities | 307,811,734.11 | 304,364,960.21 | | Total Equity Attributable to Parent Company Shareholders | 1,861,269,489.14 | 1,892,290,012.32 | | Total Equity | 1,861,881,608.65 | 1,892,807,133.91 | - As of September 30, 2024, total assets increased by 14.48% from the end of the previous year, primarily driven by an increase in current assets. Total liabilities significantly increased, with a substantial rise in current liabilities, leading to a higher asset-liability ratio. Equity attributable to parent company shareholders slightly decreased[12][13][14] Consolidated Income Statement This table presents consolidated operating results for Q1-Q3 2024, compared to the same period in 2023 Consolidated Income Statement Key Data (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 454,586,469.84 | 384,948,654.56 | | Total Operating Costs | 453,773,488.27 | 373,622,172.98 | | Operating Profit | 11,405,917.59 | 21,845,908.11 | | Total Profit | 11,494,541.24 | 21,533,483.43 | | Net Profit | 12,300,608.49 | 20,167,310.82 | | Net Profit Attributable to Parent Company Shareholders | 12,205,610.57 | 20,227,164.00 | | Basic Earnings Per Share (RMB/share) | 0.02 | 0.05 | | Diluted Earnings Per Share (RMB/share) | 0.02 | 0.05 | - In Q1-Q3 2024, total operating revenue increased by 18.09% year-over-year, but operating profit and net profit both significantly declined, with net profit attributable to parent company shareholders decreasing by 39.66% year-over-year[17][18] Consolidated Cash Flow Statement This table presents consolidated cash flow activities for Q1-Q3 2024, compared to the same period in 2023 Consolidated Cash Flow Statement Key Data (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -50,747,451.74 | -102,573,482.97 | | Net Cash Flow from Investing Activities | -634,775,092.09 | -103,480,291.40 | | Net Cash Flow from Financing Activities | 329,159,655.14 | 1,127,842,319.13 | | Net Increase in Cash and Cash Equivalents | -356,362,888.69 | 921,788,544.76 | | Cash and Cash Equivalents at End of Period | 722,940,871.96 | 1,592,022,154.07 | - In Q1-Q3 2024, net cash outflow from operating activities narrowed, but net cash outflow from investing activities significantly expanded, and net cash inflow from financing activities substantially decreased, resulting in a shift from a net increase to a net decrease in cash and cash equivalents[19][21] Parent Company Balance Sheet This table presents the parent company's financial position as of September 30, 2024, compared to December 31, 2023 Parent Company Balance Sheet Key Data (As of September 30, 2024 vs December 31, 2023) | Item | September 30, 2024 (RMB) | December 31, 2023 (RMB) | | :--- | :--- | :--- | | Total Assets | 3,333,984,762.15 | 2,931,387,070.93 | | Total Current Assets | 3,013,585,701.17 | 2,634,688,486.94 | | Total Non-Current Assets | 320,399,060.98 | 296,698,583.99 | | Total Liabilities | 1,514,339,430.17 | 1,079,128,225.68 | | Total Current Liabilities | 1,214,174,966.87 | 779,162,995.33 | | Total Non-Current Liabilities | 300,164,463.30 | 299,965,230.35 | | Total Equity | 1,819,645,331.98 | 1,852,258,845.25 | - As of September 30, 2024, parent company total assets increased from the end of the previous year, primarily driven by an increase in current assets. Total liabilities significantly increased, with a substantial rise in current liabilities. Total equity slightly decreased[22][23][24] Parent Company Income Statement This table presents parent company operating results for Q1-Q3 2024, compared to the same period in 2023 Parent Company Income Statement Key Data (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | | :--- | :--- | :--- | | Operating Revenue | 455,537,407.36 | 385,723,980.87 | | Operating Costs | 360,153,940.22 | 305,385,885.64 | | Operating Profit | 4,748,466.40 | 58,788,159.08 | | Total Profit | 4,882,090.04 | 58,479,849.08 | | Net Profit | 10,612,620.48 | 60,318,624.96 | - In Q1-Q3 2024, parent company operating revenue increased year-over-year, but operating profit and net profit both significantly declined, with net profit decreasing by 82.30% year-over-year[25][26] Parent Company Cash Flow Statement This table presents parent company cash flow activities for Q1-Q3 2024, compared to the same period in 2023 Parent Company Cash Flow Statement Key Data (Q1-Q3 2024 vs Q1-Q3 2023) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -111,540,879.60 | -1,342,040,072.34 | | Net Cash Flow from Investing Activities | -75,198,464.97 | 122,888,087.90 | | Net Cash Flow from Financing Activities | 329,159,655.14 | 1,127,842,348.71 | | Net Increase in Cash and Cash Equivalents | 142,420,310.57 | -91,309,635.73 | | Cash and Cash Equivalents at End of Period | 511,420,238.82 | 447,375,422.43 | - In Q1-Q3 2024, parent company net cash outflow from operating activities significantly narrowed, net cash flow from investing activities shifted from positive to negative, and net cash inflow from financing activities substantially decreased, yet the overall net increase in cash and cash equivalents turned positive[27][29]