精工钢构(600496) - 2024 Q3 - 季度财报

Important Notice The board, supervisory board, and senior management guarantee the report's truthfulness and completeness; financial statements are unaudited - The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content[2] - The third quarter financial statements are unaudited[2] Main Financial Data This section presents key financial performance indicators and balance sheet items for the reporting period and year-to-date, highlighting significant changes and trends Major Accounting Data and Financial Indicators Q3 revenue grew 14.68%, net profit to shareholders 39.91%; YTD net profit fell 11.24%, EPS 10.22%, operating cash flow surged 163.01%; total assets and equity increased Key Accounting Data and Financial Indicators Table | Item | Current Period (Q3 2024) (RMB) | YoY Change (%) | Year-to-Date (YTD 2024) (RMB) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 4,392,137,511.60 | 14.68 | 12,046,393,856.70 | 4.26 | | Net Profit Attributable to Shareholders | 202,425,554.82 | 39.91 | 475,495,614.77 | -11.24 | | Net Profit Attributable to Shareholders Excluding Non-recurring Items | 182,091,108.59 | 50.22 | 428,423,216.72 | -12.40 | | Net Cash Flow from Operating Activities | 不适用 | 不适用 | 228,265,339.34 | 163.01 | | Basic Earnings Per Share (RMB/share) | 0.1017 | 41.64 | 0.2389 | -10.22 | | Diluted Earnings Per Share (RMB/share) | 0.0921 | 37.46 | 0.2208 | -9.02 | | Weighted Average Return on Net Assets (%) | 2.31 | 增加 0.59 个百分点 | 5.47 | 减少 1.02 个百分点 | | Balance Sheet Indicators | As of Current Period End (2024-09-30) (RMB) | | As of Prior Year End (2023-12-31) (RMB) | Change from Prior Year End (%) | | Total Assets | 24,149,363,281.50 | | 23,327,231,093.81 | 3.52 | | Total Equity Attributable to Shareholders | 8,888,089,205.68 | | 8,511,951,676.89 | 4.42 | Non-recurring Gains and Losses Non-recurring gains totaled 20.33 million RMB (current period) and 47.07 million RMB (YTD), primarily from government subsidies Non-recurring Gains and Losses Table | Non-recurring Item | Current Period Amount (RMB) | Year-to-Date Amount (RMB) | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | -138,249.08 | -898,202.76 | | Government Subsidies Recognized in Current Profit or Loss | 22,784,061.42 | 49,504,623.60 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets and Liabilities | | 1,233,408.98 | | Other Non-operating Income and Expenses | 1,759,511.90 | 6,045,301.45 | | Less: Income Tax Impact | 3,972,113.77 | 8,619,651.55 | | Minority Interest Impact (After Tax) | 98,764.24 | 193,081.67 | | Total | 20,334,446.23 | 47,072,398.05 | Changes and Reasons for Financial Indicators Current period net profit and EPS rose significantly from higher gross profit; YTD operating cash flow grew substantially due to reduced cash payments - Net profit attributable to shareholders, net profit excluding non-recurring items, basic EPS, and diluted EPS for the current period increased by 39.91%, 50.22%, 41.64%, and 37.46% respectively, primarily due to higher gross profit from improved project progress[5] - Year-to-date net cash flow from operating activities increased by 163.01%, mainly due to a reduction in cash paid for goods and services[5] Shareholder Information This section provides details on the total number of shareholders, the top ten common shareholders, and their holdings, including any related party relationships or concerted actions Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings The company had 97,797 common shareholders; top two shareholders held over 26% combined, with most shares pledged - The total number of common shareholders at the end of the reporting period was 97,797[6] Top Ten Shareholders' Holdings Table | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Ratio (%) | Share Status | Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | | Jinggong Holding Group (Zhejiang) Investment Co., Ltd. | Domestic Non-state-owned Legal Person | 300,000,000 | 14.90 | Pledged | 200,000,000 | | Jinggong Holding Group Co., Ltd. | Domestic Non-state-owned Legal Person | 237,069,604 | 11.78 | Pledged | 227,220,000 | | Lu'an City Industrial Investment Development Co., Ltd. | State-owned Legal Person | 43,782,152 | 2.18 | None | 0 | | Changjiang Jinggong Steel Structure (Group) Co., Ltd. Repurchase Special Securities Account | Other | 22,766,035 | 1.13 | None | 0 | | China Merchants Bank Co., Ltd. - Southern CSI 1000 ETF | Other | 19,112,700 | 0.95 | None | 0 | | Hong Kong Securities Clearing Company Limited | Other | 14,452,375 | 0.72 | None | 0 | | China Merchants Bank Co., Ltd. - Huaxia CSI 1000 ETF | Other | 10,252,500 | 0.51 | None | 0 | | Bank of Communications Co., Ltd. - GF CSI Infrastructure Engineering ETF | Other | 8,903,800 | 0.44 | None | 0 | | China Construction Bank Co., Ltd. - Excelsior Multi-Value Mixed Securities Investment Fund | Other | 8,420,040 | 0.42 | None | 0 | | Industrial and Commercial Bank of China Co., Ltd. - GF CSI 1000 ETF | Other | 6,750,300 | 0.34 | None | 0 | Top Ten Unrestricted Shareholders' Holdings Top ten unrestricted shareholders are consistent with overall top ten; major shareholders held 300 million and 237 million unrestricted shares respectively Top Ten Unrestricted Shareholders' Holdings Table | Shareholder Name | Number of Unrestricted Shares Held | Type of Share | Type and Quantity of Shares | | :--- | :--- | :--- | :--- | | Jinggong Holding Group (Zhejiang) Investment Co., Ltd. | 300,000,000 | RMB Common Stock | 300,000,000 | | Jinggong Holding Group Co., Ltd. | 237,069,604 | RMB Common Stock | 237,069,604 | | Lu'an City Industrial Investment Development Co., Ltd. | 43,782,152 | RMB Common Stock | 43,782,152 | | Changjiang Jinggong Steel Structure (Group) Co., Ltd. Repurchase Special Securities Account | 22,766,035 | RMB Common Stock | 22,766,035 | | China Merchants Bank Co., Ltd. - Southern CSI 1000 ETF | 19,112,700 | RMB Common Stock | 19,112,700 | | Hong Kong Securities Clearing Company Limited | 14,452,375 | RMB Common Stock | 14,452,375 | | China Merchants Bank Co., Ltd. - Huaxia CSI 1000 ETF | 10,252,500 | RMB Common Stock | 10,252,500 | | Bank of Communications Co., Ltd. - GF CSI Infrastructure Engineering ETF | 8,903,800 | RMB Common Stock | 8,903,800 | | China Construction Bank Co., Ltd. - Excelsior Multi-Value Mixed Securities Investment Fund | 8,420,040 | RMB Common Stock | 8,420,040 | | Industrial and Commercial Bank of China Co., Ltd. - GF CSI 1000 ETF | 6,750,300 | RMB Common Stock | 6,750,300 | Explanation of Related Party Relationships or Concerted Actions Among Shareholders Jinggong Group is the controlling shareholder, its subsidiary Jinggong Investment is a major holder; no other known related party relationships or concerted actions - Jinggong Holding Group Co., Ltd. is the controlling shareholder of the company[10] - Jinggong Holding Group (Zhejiang) Investment Co., Ltd. is a wholly-owned subsidiary of the controlling shareholder[10] - Changjiang Jinggong Steel Structure (Group) Co., Ltd. Repurchase Special Securities Account is the company's dedicated repurchase account[10] - No other related party relationships among shareholders are known[10] Other Reminders This section addresses any other important information or matters requiring investor attention during the reporting period Other Important Information Regarding Operating Performance Requiring Investor Attention There is no other important operating information requiring investor attention during this reporting period - No other important information requires investor attention[11] Quarterly Financial Statements This section presents the company's unaudited consolidated financial statements, including the balance sheet, income statement, and cash flow statement Type of Audit Opinion The financial statements for this quarter are unaudited - Audit type: Unaudited[11] Financial Statements This section details the company's unaudited consolidated balance sheet, income statement, and cash flow statement, reflecting its financial position, operating results, and cash flows as of the end of Q3 2024 Consolidated Balance Sheet This table presents the company's consolidated financial position, detailing assets, liabilities, and equity as of September 30, 2024, compared to December 31, 2023 Consolidated Balance Sheet Details | Item | September 30, 2024 (Period End) (RMB) | December 31, 2023 (Prior Year End) (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Assets | | | | | Total Current Assets | 19,632,410,647.80 | 18,677,005,609.79 | 5.12 | | Total Non-current Assets | 4,516,952,633.70 | 4,650,225,484.02 | -2.87 | | Total Assets | 24,149,363,281.50 | 23,327,231,093.81 | 3.52 | | Liabilities | | | | | Total Current Liabilities | 12,559,407,325.56 | 12,471,712,261.02 | 0.69 | | Total Non-current Liabilities | 2,665,894,204.31 | 2,310,470,815.37 | 15.38 | | Total Liabilities | 15,225,301,529.87 | 14,782,183,076.39 | 3.00 | | Shareholders' Equity | | | | | Total Equity Attributable to Parent Company Shareholders | 8,888,089,205.68 | 8,511,951,676.89 | 4.42 | | Minority Interests | 35,972,545.95 | 33,096,340.53 | 8.69 | | Total Shareholders' Equity | 8,924,061,751.63 | 8,545,048,017.42 | 4.44 | - Cash and cash equivalents increased from 4.578 billion RMB at the end of 2023 to 4.918 billion RMB at the end of September 2024[11] - Notes payable increased from 3.384 billion RMB at the end of 2023 to 4.061 billion RMB at the end of September 2024[14] - Long-term borrowings increased from 254 million RMB at the end of 2023 to 555 million RMB at the end of September 2024[14] Consolidated Income Statement This table presents the company's consolidated operating results for the first three quarters of 2024, compared to the same period in 2023 Consolidated Income Statement Details | Item | Q1-Q3 2024 (Jan-Sep) (RMB) | Q1-Q3 2023 (Jan-Sep) (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 12,046,393,856.70 | 11,553,719,157.58 | 4.26 | | Total Operating Costs | 11,599,055,440.66 | 11,027,723,076.21 | 5.18 | | Operating Profit | 533,020,314.22 | 585,045,653.50 | -8.89 | | Total Profit | 539,604,899.63 | 591,134,628.35 | -8.72 | | Net Profit | 492,229,854.29 | 553,285,141.46 | -11.04 | | Net Profit Attributable to Parent Company Shareholders | 475,495,614.77 | 535,712,409.24 | -11.24 | | Minority Interests Income/Loss | 16,734,239.52 | 17,572,732.22 | -4.77 | | Basic Earnings Per Share (RMB/share) | 0.2389 | 0.2661 | -10.22 | | Diluted Earnings Per Share (RMB/share) | 0.2208 | 0.2427 | -9.02 | - Operating costs increased from 9.959 billion RMB in Q1-Q3 2023 to 10.473 billion RMB in Q1-Q3 2024[16] - Investment income increased from 2.3885 million RMB in Q1-Q3 2023 to 9.8295 million RMB in Q1-Q3 2024[17] Consolidated Cash Flow Statement This table presents the company's consolidated cash flows from operating, investing, and financing activities for the first three quarters of 2024, compared to the same period in 2023 Consolidated Cash Flow Statement Details | Item | Q1-Q3 2024 (Jan-Sep) (RMB) | Q1-Q3 2023 (Jan-Sep) (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 228,265,339.34 | -362,263,411.15 | 163.01 | | Net Cash Flow from Investing Activities | -134,787,425.88 | -136,573,096.56 | 1.31 | | Net Cash Flow from Financing Activities | -430,889,741.57 | -557,037,669.82 | 22.64 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | -3,463,113.40 | 322,932.17 | -1172.00 | | Net Increase in Cash and Cash Equivalents | -340,874,941.51 | -1,055,551,245.36 | 67.79 | | Cash and Cash Equivalents at Period End | 1,323,150,923.85 | 939,419,821.40 | 40.85 | - Subtotal cash inflow from operating activities increased from 12.361 billion RMB in Q1-Q3 2023 to 12.395 billion RMB in Q1-Q3 2024[19] - Cash paid for goods and services decreased from 11.255 billion RMB in Q1-Q3 2023 to 10.603 billion RMB in Q1-Q3 2024[19] - Cash received from borrowings increased from 1.182 billion RMB in Q1-Q3 2023 to 1.576 billion RMB in Q1-Q3 2024[20]