众鑫股份(603091) - 2024 Q3 - 季度财报

Key Highlights The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, assuming legal responsibility - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility[2] - The company's responsible person, head of accounting work, and head of 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 key financial performance for Q3 2024 and year-to-date, including accounting data, financial indicators, their year-on-year changes, and non-recurring gains and losses (I) Key Accounting Data and Financial Indicators Key Accounting Data and Financial Indicators for Q3 2024 and Year-to-Date | Item | Current Period (Q3) | YoY Change (%) | Year-to-Date (YTD) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 440,683,266.35 | 23.43 | 1,148,199,618.22 | 19.40 | | Net Profit Attributable to Shareholders (RMB) | 99,310,487.95 | 66.22 | 235,979,745.33 | 49.00 | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains/Losses (RMB) | 80,576,584.80 | 21.59 | 219,103,203.72 | 35.78 | | Net Cash Flow from Operating Activities (RMB) | N/A | N/A | 176,031,030.81 | 26.97 | | Basic EPS (RMB/share) | 1.30 | 66.67 | 3.08 | 48.79 | | Diluted EPS (RMB/share) | 1.30 | 66.67 | 3.08 | 48.79 | | Weighted Average ROE (%) | 7.72 | 26.77 | 19.43 | 13.89 | | Item | End of Current Period | End of Prior Year | Change from Prior Year-end (%) | | | Total Assets (RMB) | 2,516,972,832.32 | 1,507,285,632.55 | 66.99 | | | Total Equity Attributable to Shareholders (RMB) | 1,910,101,983.34 | 1,089,205,064.80 | 75.37 | | (II) Non-recurring Gains and Losses Items and Amounts Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | Current Period Amount (RMB) | Year-to-Date Amount (RMB) | | :--- | :--- | :--- | | Government Subsidies Included in Current Profit and Loss | 20,616,186.19 | 24,962,904.36 | | Gains and Losses from Disposal of Non-current Assets | -217,022.87 | -3,675,862.51 | | Gains and Losses from Changes in Fair Value and Disposal of Financial Assets and Liabilities | 1,940,299.38 | -220,089.16 | | Gains and Losses from Entrusted Investment or Asset Management | 14,249.53 | 21,932.49 | | Other Non-operating Income and Expenses | -584,986.64 | -739,899.68 | | Other Gains and Losses Items Meeting the Definition of Non-recurring Gains and Losses | -90,148.60 | 68,924.36 | | Less: Income Tax Impact | 2,944,673.84 | 3,541,368.25 | | Total | 18,733,903.15 | 16,876,541.61 | (III) Changes and Reasons for Key Accounting Data and Financial Indicators - Net profit attributable to shareholders of the listed company increased by 66.22% in the current period and 49.00% year-to-date, primarily due to increased product sales leading to higher operating revenue and receipt of income-related government subsidies[6][7] - Basic and diluted earnings per share increased by 66.67% in the current period and 48.79% year-to-date, mainly driven by the increase in the company's net profit[7] - Total assets increased by 66.99% and total equity attributable to shareholders increased by 75.37% at the end of the reporting period, primarily due to the proceeds from the company's initial public offering[7] II. Shareholder Information As of the end of the reporting period, the company had 15,134 common shareholders, with Ji Wenhu, Teng Bubin, and Zhejiang Dafeng Enterprise Management Co., Ltd. among the top ten, and Teng Bubin as the controlling shareholder and actual controller (I) Total Number of Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings - The total number of common shareholders at the end of the reporting period was 15,134[9] Top 10 Shareholders' Holdings (Excluding Shares Lent via Securities Refinancing) | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Percentage (%) | Number of Shares with Restricted Conditions (shares) | | :--- | :--- | :--- | :--- | :--- | | Ji Wenhu | Domestic Natural Person | 20,965,811 | 20.51 | 20,965,811 | | Teng Bubin | Domestic Natural Person | 18,050,510 | 17.66 | 18,050,510 | | Zhejiang Dafeng Enterprise Management Co., Ltd. | Domestic Non-state-owned Legal Person | 15,216,350 | 14.88 | 15,216,350 | | Jinhua Zhongteng Enterprise Management Partnership (Limited Partnership) | Other | 5,770,024 | 5.64 | 5,770,024 | | Jinhua Jianzhu Enterprise Management Partnership (Limited Partnership) | Other | 5,595,467 | 5.47 | 5,595,467 | | Zhejiang Provincial Venture Capital Group Co., Ltd. - Zhejiang Fuzhe Strategic Placement Equity Investment Partnership (Limited Partnership) | Other | 2,492,819 | 2.44 | 2,492,819 | | Zhejiang Puhua Tianqin Equity Investment Management Co., Ltd. - Lanxi Puhua Zhongxin Venture Capital Partnership (Limited Partnership) | Other | 2,265,853 | 2.22 | 2,265,853 | | China Agricultural Industry Development Fund Co., Ltd. | State-owned Legal Person | 1,329,503 | 1.30 | 1,329,503 | | Sun Aijun | Domestic Natural Person | 1,106,644 | 1.08 | 1,106,644 | | Zhejiang Provincial Venture Capital Group Co., Ltd. | State-owned Legal Person | 829,983 | 0.81 | 829,983 | - Teng Bubin is the company's controlling shareholder and actual controller; Ji Wenhu and Teng Bubin are parties acting in concert; Zhejiang Dafeng Enterprise Management Co., Ltd., Jinhua Zhongteng Enterprise Management Partnership (Limited Partnership), and Jinhua Jianzhu Enterprise Management Partnership (Limited Partnership) are shareholding platforms controlled by actual controller Teng Bubin[10] III. Other Reminders During the reporting period, the company had no other significant operational information requiring special attention from investors - There is no other significant operational information during the reporting period requiring investor attention[11] IV. Quarterly Financial Statements This section provides the company's unaudited consolidated balance sheet, income statement, and cash flow statement for Q3 2024, presenting its financial position, operating results, and cash flows (I) Type of Audit Opinion - The quarterly financial statements are unaudited[11] (II) Financial Statements Consolidated Balance Sheet Key Consolidated Balance Sheet Data (As of September 30, 2024) | Item | September 30, 2024 (RMB) | December 31, 2023 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 772,064,405.42 | 127,997,306.96 | 503.20 | | Accounts Receivable | 212,717,359.41 | 135,899,614.94 | 56.52 | | Inventories | 336,020,397.64 | 234,784,853.85 | 43.11 | | Total Current Assets | 1,391,068,784.29 | 558,941,600.33 | 148.87 | | Fixed Assets | 797,090,852.29 | 721,953,602.35 | 10.41 | | Construction in Progress | 173,050,798.62 | 107,124,366.96 | 61.54 | | Total Non-current Assets | 1,125,904,048.03 | 948,344,032.22 | 18.72 | | Total Assets | 2,516,972,832.32 | 1,507,285,632.55 | 66.99 | | Short-term Borrowings | 303,405,973.27 | 167,849,716.69 | 80.76 | | Total Current Liabilities | 503,623,758.65 | 370,797,721.26 | 35.83 | | Long-term Borrowings | 88,022,177.80 | 39,943,892.21 | 120.38 | | Total Non-current Liabilities | 103,247,090.33 | 47,282,846.49 | 118.38 | | Total Liabilities | 606,870,848.98 | 418,080,567.75 | 45.15 | | Paid-in Capital (or Share Capital) | 102,238,793.00 | 76,679,093.00 | 33.34 | | Capital Reserves | 1,142,000,042.77 | 586,251,892.06 | 94.80 | | Retained Earnings | 643,169,032.32 | 407,189,286.99 | 57.93 | | Total Equity Attributable to Parent Company Owners | 1,910,101,983.34 | 1,089,205,064.80 | 75.37 | Consolidated Income Statement Key Consolidated Income Statement Data (January-September 2024) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,148,199,618.22 | 961,649,997.15 | 19.40 | | Operating Costs | 751,309,113.82 | 661,100,885.58 | 13.64 | | Taxes and Surcharges | 11,476,790.30 | 8,189,430.72 | 40.14 | | Selling Expenses | 17,713,599.24 | 17,349,256.44 | 2.10 | | Administrative Expenses | 63,835,232.62 | 52,790,748.92 | 20.92 | | Research and Development Expenses | 36,553,110.66 | 31,643,545.71 | 15.50 | | Financial Expenses | -3,052,281.76 | -6,133,532.33 | -50.24 | | Other Income | 25,031,828.72 | 5,742,344.23 | 335.92 | | Operating Profit | 280,287,842.40 | 193,055,526.79 | 45.19 | | Total Profit | 278,603,665.48 | 186,398,105.75 | 49.47 | | Income Tax Expense | 42,623,920.15 | 28,018,853.77 | 52.13 | | Net Profit | 235,979,745.33 | 158,379,251.98 | 49.00 | | Net Profit Attributable to Parent Company Owners | 235,979,745.33 | 158,379,251.98 | 49.00 | | Net Other Comprehensive Income After Tax | 3,609,322.50 | - | N/A | | Total Comprehensive Income | 239,589,067.83 | 158,379,251.98 | 51.28 | | Basic EPS (RMB/share) | 3.08 | 2.07 | 48.79 | | Diluted EPS (RMB/share) | 3.08 | 2.07 | 48.79 | Consolidated Cash Flow Statement Key Consolidated Cash Flow Statement Data (January-September 2024) | Item | Q1-Q3 2024 (RMB) | Q1-Q3 2023 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Subtotal of Cash Inflows from Operating Activities | 1,226,325,049.70 | 1,020,396,040.46 | 20.18 | | Subtotal of Cash Outflows from Operating Activities | 1,050,294,018.89 | 881,761,536.66 | 19.11 | | Net Cash Flow from Operating Activities | 176,031,030.81 | 138,634,503.80 | 26.97 | | Subtotal of Cash Inflows from Investing Activities | 7,590,869.58 | 13,566,796.57 | -44.09 | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 295,401,223.16 | 159,905,457.44 | 84.73 | | Net Cash Flow from Investing Activities | -294,740,438.23 | -159,486,587.13 | 84.82 | | Cash Received from Investments | 602,532,050.00 | - | N/A | | Cash Received from Borrowings | 483,098,500.00 | 173,600,000.00 | 178.28 | | Cash Paid for Debt Repayment | 297,466,000.00 | 156,490,812.26 | 90.09 | | Net Cash Flow from Financing Activities | 749,515,679.14 | 5,064,260.29 | 14700.00 | | Net Increase in Cash and Cash Equivalents | 636,823,474.33 | -12,278,758.83 | N/A | | Cash and Cash Equivalents at End of Period | 752,765,603.25 | 86,626,414.62 | 768.99 | Adjustments to Financial Statements at the Beginning of the First Year of Application of New Accounting Standards or Interpretations from 2024 - The company did not make adjustments to its financial statements at the beginning of the first year of application of new accounting standards or interpretations from 2024[19] Special Announcement - The Board of Directors of Zhejiang Zhongxin Environmental Protection Technology Group Co., Ltd. issued this announcement on October 27, 2024[19]