苏州天脉(301626) - 2024 Q3 - 季度财报

Important Content Notice The company's board, supervisory board, and senior management guarantee the accuracy and completeness of the quarterly report, which remains unaudited - The company's board of directors, supervisory board, 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 responsible person, head of accounting work, and head of accounting department declare the truthfulness, accuracy, and completeness of the financial information[2] - This third-quarter report for the current period is unaudited[2] Major Financial Data The company's Q3 and YTD 2024 financial performance is stable, showing growth in revenue, net profit, total assets, and owner's equity Major Accounting Data and Financial Indicators The company's 2024 third-quarter and year-to-date financial performance is robust, with year-over-year growth in operating revenue and net profit, alongside increases in total assets and owner's equity 2024 Third Quarter and Year-to-Date Major Accounting Data and Financial Indicators | Indicator | Current Period (Q3 2024) | YoY Change | Year-to-Date (YTD 2024) | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 234,238,897.24 | 2.73% | 691,112,868.28 | 1.73% | | Net Profit Attributable to Shareholders of Listed Company (CNY) | 43,885,548.12 | 3.55% | 140,400,458.46 | 29.63% | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-recurring Gains and Losses (CNY) | 42,600,817.51 | 1.11% | 134,478,866.90 | 27.28% | | Net Cash Flow from Operating Activities (CNY) | -- | -- | 177,953,363.16 | 4.64% | | Basic Earnings Per Share (CNY/share) | 0.51 | 4.08% | 1.62 | 29.60% | | Diluted Earnings Per Share (CNY/share) | 0.51 | 4.08% | 1.62 | 29.60% | | Weighted Average Return on Net Assets | 4.95% | -18.13% | 16.77% | 3.22% | | Period-end Indicators | End of Current Period (2024.09.30) | End of Previous Year (2023.12.31) | Change from End of Previous Year | | | Total Assets (CNY) | 1,099,869,467.22 | 1,055,905,316.40 | 4.16% | | | Owner's Equity Attributable to Shareholders of Listed Company (CNY) | 907,525,653.73 | 767,024,714.20 | 18.32% | | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses in the reporting period mainly arose from government subsidies, fair value changes, and other non-operating items, impacting net profit 2024 Third Quarter and Year-to-Date Non-recurring Gains and Losses Items | Item | Current Period Amount (Q3 2024) | Year-to-Date Amount (YTD 2024) | | :--- | :--- | :--- | | Gains and Losses from Disposal of Non-current Assets | 0.00 | -24,876.40 | | Government Subsidies Recognized in Current Profit and Loss | 353,848.00 | 5,480,838.00 | | Fair Value Changes and Disposal Gains/Losses of Financial Assets/Liabilities (Excl. Hedging) | 313,482.71 | 507,455.45 | | Other Non-operating Income and Expenses Apart from the Above | 844,117.08 | 1,003,845.28 | | Less: Income Tax Impact | 226,717.18 | 1,045,670.77 | | Total | 1,284,730.61 | 5,921,591.56 | - The company has not classified any non-recurring gains and losses items listed in "Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public—Non-recurring Gains and Losses" as recurring gains and losses[5] Changes and Reasons for Major Accounting Data and Financial Indicators Significant changes in financial statements are attributed to fixed asset transfers, increased prepayments, higher government subsidies, and project loan repayments - Balance Sheet Item Changes: - Financing Receivables decreased by 71.83%, primarily due to a reduction in negotiable bank acceptance bills received in the current period[6][7] - Prepayments increased by 127.77%, mainly due to higher prepaid electricity fees and advance payments for goods in the current period[6][7] - Other Current Assets increased by 289.18%, primarily due to an increase in unrefunded tax credits in the current period[6][7] - Fixed Assets increased by 52.20%, and Construction in Progress decreased by 73.66%, mainly due to the transfer of construction in progress to fixed assets in the current period[6][7] - Intangible Assets increased by 132.72%, primarily due to the purchase of land by subsidiary Shengzhou Tianmai in the current period[6][7] - Contract Liabilities increased by 1240.18%, mainly due to an increase in advance receipts for sales in the current period[6][7] - Long-term Borrowings decreased by 100.00%, primarily due to the repayment of project loans in the current period[6][7] - Retained Earnings increased by 35.54%, primarily due to increased profit in the current period[6][7] - Income Statement Item Changes: - Administrative Expenses increased by 31.71%, mainly due to higher salaries and depreciation in the current period[7] - Other Income increased by 242.95%, primarily due to increased VAT additional deduction benefits and recognized income-related government subsidies in the current period[7] - Credit Impairment Losses decreased by 128.35% (i.e., losses increased), mainly due to increased provision for bad debts resulting from higher accounts receivable[7] - Non-operating Income increased by 1014.86%, primarily due to increased government subsidies received in the current period[7] - Income Tax Expense increased by 85.96%, primarily due to higher income tax in the current period[7] - Cash Flow Statement Item Changes: - Net Cash Flow from Investing Activities outflow decreased by 31.19%, mainly due to reduced purchases of wealth management products in the current period[7] - Net Cash Flow from Financing Activities shifted from an inflow in the prior period to an outflow in the current period, decreasing by 257.87%, primarily due to the repayment of project loans that were obtained in the prior period[7] Shareholder Information As of the reporting period end, the company has 20 common shareholders, with the controlling shareholder and related parties holding a significant majority Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 20 common shareholders. The controlling shareholder, Xie Yi, and his spouse, Shen Fenghua, collectively hold a majority of the company's shares and form a concerted action party with Suzhou Tianyixiang Enterprise Management Partnership (Limited Partnership) - The total number of common shareholders at the end of the reporting period was 20[8] Top Ten Common Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Number of Restricted Shares Held | | :--- | :--- | :--- | :--- | :--- | | Xie Yi | Domestic Natural Person | 54.44% | 47,236,077 | 47,236,077 | | Shen Fenghua | Domestic Natural Person | 15.82% | 13,725,000 | 13,725,000 | | China Development Manufacturing Transformation and Upgrade Fund (Limited Partnership) | Other | 6.16% | 5,344,500 | 5,344,500 | | Hangzhou Hikvision Smart Industry Equity Investment Partnership (Limited Partnership) | Other | 3.55% | 3,079,615 | 3,079,615 | | Jiaxing Wofu Jinxin Equity Investment Partnership (Limited Partnership) | Other | 3.08% | 2,672,250 | 2,672,250 | | Nantong Wofu Venture Capital Partnership (Limited Partnership) | Other | 3.04% | 2,639,423 | 2,639,423 | | Suzhou Tianyixiang Enterprise Management Partnership (Limited Partnership) | Other | 2.42% | 2,099,925 | 2,099,925 | | Suzhou Tianxing Zhihong Enterprise Management Consulting Partnership (Limited Partnership) | Other | 1.90% | 1,649,745 | 1,649,745 | | Dongguan Changjinshi Equity Investment Partnership (Limited Partnership) | Other | 1.83% | 1,583,654 | 1,583,654 | | Suzhou Secheng Venture Capital Enterprise (Limited Partnership) | Other | 1.46% | 1,266,918 | 1,266,918 | | Shanghai Dongxi Investment Development Co., Ltd. | Domestic Non-state-owned Legal Person | 1.46% | 1,266,918 | 1,266,918 | - The company's controlling shareholder is Xie Yi, and the actual controllers are Xie Yi and Shen Fenghua (husband and wife). Suzhou Tianyixiang Enterprise Management Partnership (Limited Partnership) is a concerted action party[9] Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company has no preferred shareholders - The company has no preferred shareholders[9] Changes in Restricted Shares No changes occurred in the company's restricted shares during the reporting period - No changes occurred in the company's restricted shares during the reporting period[9] Other Important Matters The company has no other important matters to disclose for the reporting period - The company has no other important matters to disclose for the reporting period[9] Quarterly Financial Statements This section details the consolidated balance sheet, income statement, and cash flow statement for the reporting period, alongside new accounting standard adoption and audit status Consolidated Balance Sheet Total assets increased by 4.16% as of September 30, 2024, while total liabilities decreased by 33.49% due to loan repayments, enhancing owner's equity Consolidated Balance Sheet Major Data (Period-end vs Period-beginning) | Item | September 30, 2024 (Period-end Balance) | December 31, 2023 (Period-beginning Balance) | Change Rate | | :--- | :--- | :--- | :--- | | Total Current Assets | 570,020,836.31 | 584,540,271.59 | -2.48% | | Total Non-current Assets | 529,848,630.91 | 471,365,044.81 | +12.41% | | Total Assets | 1,099,869,467.22 | 1,055,905,316.40 | +4.16% | | Total Current Liabilities | 188,324,687.06 | 227,064,093.16 | -17.06% | | Total Non-current Liabilities | 4,019,126.43 | 61,816,509.04 | -93.50% | | Total Liabilities | 192,343,813.49 | 288,880,602.20 | -33.49% | | Total Owner's Equity Attributable to Parent Company | 907,525,653.73 | 767,024,714.20 | +18.32% | | Total Owner's Equity | 907,525,653.73 | 767,024,714.20 | +18.32% | Consolidated Income Statement from Year-Beginning to End of Reporting Period As of Q3 2024, total operating revenue grew by 1.73%, and net profit increased by 29.63%, driven by controlled operating costs and higher non-operating income Consolidated Income Statement Major Data (Year-to-Date) | Item | Current Period Amount (YTD 2024) | Previous Period Amount (YTD 2023) | Change Rate | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 691,112,868.28 | 679,345,285.07 | +1.73% | | Total Operating Costs | 539,057,883.57 | 562,125,111.77 | -4.09% | | Operating Profit | 157,910,950.97 | 118,307,734.38 | +33.48% | | Total Profit | 158,889,919.85 | 118,248,567.78 | +34.37% | | Income Tax Expense | 18,489,461.39 | 9,942,488.48 | +85.96% | | Net Profit | 140,400,458.46 | 108,306,079.30 | +29.63% | | Net Profit Attributable to Parent Company Shareholders | 140,400,458.46 | 108,306,079.30 | +29.63% | | Basic Earnings Per Share | 1.62 | 1.25 | +29.60% | | Diluted Earnings Per Share | 1.62 | 1.25 | +29.60% | Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period As of Q3 2024, operating cash flow increased, investment outflow decreased, but financing cash flow shifted to an outflow, leading to a net decrease in cash and cash equivalents Consolidated Cash Flow Statement Major Data (Year-to-Date) | Item | Current Period Amount (YTD 2024) | Previous Period Amount (YTD 2023) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 177,953,363.16 | 170,062,434.21 | +4.64% | | Net Cash Flow from Investing Activities | -126,987,402.20 | -184,535,373.48 | Outflow decreased by 31.19% | | Net Cash Flow from Financing Activities | -64,093,914.61 | 40,600,367.04 | Shifted from inflow to outflow, decreased by 257.87% | | Net Increase in Cash and Cash Equivalents | -13,050,559.11 | 26,396,518.58 | Shifted from increase to decrease | | Period-end Cash and Cash Equivalents Balance | 141,178,425.20 | 95,117,563.23 | +48.43% | Adjustments to Financial Statement Items at the Beginning of the First Year of Adopting New Accounting Standards from 2024 The company did not adjust any financial statement items at the beginning of the year when first adopting new accounting standards in 2024 - The company did not retrospectively adjust or restate prior-year accounting data, nor did it adjust any financial statement items at the beginning of the year due to the first adoption of new accounting standards[3][22] Audit Report This quarterly report is unaudited - The company's 2024 third-quarter report is unaudited[22]