华鲁恒升(600426) - 2015 Q3 - 季度财报

Important Notice This section outlines the company's commitment to the truthfulness and completeness of the quarterly report, along with the audit status Report Authenticity Statement The company's governing bodies and key executives guarantee the quarterly report's truthfulness, accuracy, and completeness, with all directors present for review, and confirm the 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, assuming individual and joint legal liabilities[8] - All directors attended the Board of Directors meeting to review the quarterly report[8] - Company head Chang Huaichun, chief accountant Gao Jinghong, and head of accounting department Zhang Hucheng guarantee the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[8] - This company's third-quarter report is unaudited[8] Company's Major Financial Data and Shareholder Changes This section details the company's financial performance, including asset and profit changes, alongside a comprehensive overview of shareholder structure and top holdings Major Financial Data Total assets slightly decreased, while net assets attributable to shareholders and operating cash flow significantly grew, with operating revenue declining but net profit and EPS showing double-digit growth Balance Sheet Key Indicators | Indicator | As of Report Period End (CNY) | As of Previous Year End (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 12,707,408,730.64 | 13,049,964,473.89 | -2.62 | | Net Assets Attributable to Shareholders of Listed Company | 7,239,059,785.48 | 6,612,796,921.81 | 9.47 | Income Statement and Cash Flow Key Indicators (Jan-Sep) | Indicator | From Year-Beginning to Report Period End (Jan-Sep) (CNY) | From Year-Beginning to Previous Year Report Period End (Jan-Sep) (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1,984,950,394.50 | 1,117,552,615.16 | 77.62 | | Operating Revenue | 6,866,883,809.72 | 7,161,678,535.05 | -4.12 | | Net Profit Attributable to Shareholders of Listed Company | 768,551,276.80 | 621,546,288.54 | 23.65 | | Net Profit Attributable to Shareholders of Listed Company After Deducting Non-recurring Gains and Losses | 765,702,504.76 | 622,333,285.18 | 23.04 | | Weighted Average Return on Net Assets (%) | 11.06 | 10.11 | Increased by 0.95 percentage points | | Basic Earnings Per Share (CNY/share) | 0.806 | 0.652 | 23.62 | | Diluted Earnings Per Share (CNY/share) | 0.806 | 0.652 | 23.62 | Non-recurring Gains and Losses (Jan-Sep) | Item | Amount from Year-Beginning to Report Period End (Jan-Sep) (CNY) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 318,453.09 | | Other Non-operating Income and Expenses Excluding the Above | 3,033,043.43 | | Income Tax Impact | -502,724.48 | | Total | 2,848,772.04 | Shareholder Holdings The company had 56,384 shareholders, with Shandong Hualu Hengsheng Group Co., Ltd. as the controlling shareholder (32.39%), and Central Huijin Investment Ltd. and various fund management plans also among the top ten - Total number of shareholders: 56,384[9] Top Ten Shareholders | Shareholder Name | Shares Held at Period End (Shares) | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Shandong Hualu Hengsheng Group Co., Ltd. | 308,902,832 | 32.39 | State-owned Legal Person | | Central Huijin Investment Ltd. | 40,029,100 | 4.20 | Unknown | | Agricultural Bank of China Co., Ltd. - E Fund Ruihui Flexible Allocation Mixed Initiated Securities Investment Fund | 24,401,579 | 2.56 | Unknown | | National Social Security Fund 106 Portfolio | 22,442,463 | 2.35 | Unknown | | China Life Insurance Co., Ltd. - Dividend - Individual Dividend - 005L - FH002 Shanghai | 22,260,720 | 2.33 | Unknown | | Bosera Fund - Agricultural Bank of China - Bosera CSI Financial Asset Management Plan | 11,944,600 | 1.25 | Unknown | | Dacheng Fund - Agricultural Bank of China - Dacheng CSI Financial Asset Management Plan | 11,944,600 | 1.25 | Unknown | | ICBC Credit Suisse Fund - Agricultural Bank of China - ICBC Credit Suisse CSI Financial Asset Management Plan | 11,944,600 | 1.25 | Unknown | | GF Fund - Agricultural Bank of China - GF CSI Financial Asset Management Plan | 11,944,600 | 1.25 | Unknown | | China Asset Management Co., Ltd. - Agricultural Bank of China - China AMC CSI Financial Asset Management Plan | 11,944,600 | 1.25 | Unknown | - Controlling shareholder Shandong Hualu Hengsheng Group Co., Ltd. has no related party relationship with other shareholders, nor are they acting in concert[10] Significant Events This section outlines major changes in financial statement items, the status of significant corporate matters, and the fulfillment of shareholder commitments Major Changes in Key Financial Statement Items and Reasons Significant changes occurred across balance sheet, income statement, and cash flow items, driven by increased operating cash flow, project completions, raw material prepayments, and shifts in liabilities and expenses Balance Sheet Items with Significant Changes | Item | As of Report Period End (CNY) | As of Previous Year End (CNY) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 1,284,813,182.38 | 949,013,741.00 | 35.38 | Increase in net operating cash flow | | Prepayments | 169,500,142.28 | 116,697,721.14 | 45.25 | Increase in prepayments for raw materials | | Inventories | 224,807,214.18 | 337,122,372.81 | -33.32 | Decrease in raw material inventory | | Construction in Progress | 180,633,557.47 | 686,419,927.06 | -73.68 | Completion of some construction projects transferred to fixed assets | | Long-term Deferred Expenses | 86,508,333.35 | 3,621,940.93 | 2,288.45 | Increase in new water rights fees | | Other Non-current Assets | 458,365,498.14 | 317,817,837.98 | 44.22 | Increase in project prepayments | | Short-term Borrowings | 30,000,000.00 | 80,000,000.00 | -62.50 | Repayment of matured borrowings | | Notes Payable | - | 107,588,600.00 | -100.00 | Payment of matured notes | | Employee Compensation Payable | 47,109,068.50 | 28,653,419.72 | 64.41 | Social insurance not yet paid | | Taxes Payable | 73,726,937.50 | 51,665,887.52 | 42.70 | Increase in VAT payable | | Interest Payable | 46,906,925.90 | 8,196,684.24 | 472.27 | Accrual of interest on medium-term notes | | Long-term Payables | 91,546,650.82 | 149,154,301.96 | -38.62 | Transferred to non-current assets due within one year | | Specific Payables | 21,000,000.00 | 15,000,000.00 | 40.00 | New appropriation of special funds | Income Statement Items with Significant Changes (Jan-Sep) | Item | From Year-Beginning to Report Period End (Jan-Sep) (CNY) | From Year-Beginning to Previous Year Report Period End (Jan-Sep) (CNY) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Business Taxes and Surcharges | 21,106,515.79 | 22,311.33 | 94,499.99 | Increase in turnover tax paid | | Administrative Expenses | 167,347,926.29 | 82,140,226.74 | 103.73 | Increase in R&D, taxes, and other expenses | | Asset Impairment Losses | 2,710,571.40 | -617,330.15 | Not Applicable | Increase in inventory impairment losses | | Non-operating Income | 5,472,346.99 | 890,449.06 | 514.56 | Gains from asset disposal | Cash Flow Statement Items with Significant Changes (Jan-Sep) | Item | From Year-Beginning to Report Period End (Jan-Sep) (CNY) | From Year-Beginning to Previous Year Report Period End (Jan-Sep) (CNY) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Tax Refunds Received | 0.00 | 32,770,222.46 | -100.00 | No tax refunds generated in this period | | Taxes and Fees Paid | 278,685,750.53 | 122,232,935.00 | 128.00 | Increase in VAT and corporate income tax paid | | Other Cash Payments Related to Operating Activities | 19,770,823.77 | 38,646,467.97 | -48.84 | Increase in acceptance bill payments | | Net Cash Received from Disposal of Fixed Assets, Intangible Assets, and Other Long-term Assets | 2,725,000.00 | 0.00 | Not Applicable | Gains from disposal of fixed assets | | Other Cash Received Related to Investing Activities | 6,000,000.00 | 0.00 | Not Applicable | Receipt of special fund appropriations | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 390,525,347.80 | 667,390,680.60 | -41.48 | Relatively lower fixed asset investment | | Cash Received from Borrowings | 193,945,400.00 | 990,700,000.00 | -80.42 | Reduced borrowings | | Other Cash Payments Related to Financing Activities | 41,622,007.13 | 291,390.53 | 14,183.93 | Payment of finance lease installments | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 5,383,688.55 | 1,447,186.91 | 272.01 | Due to increased exchange rate fluctuations and the company's exchange control | Progress of Significant Events No significant events requiring disclosure occurred during this reporting period - No significant events progressed during this reporting period[12] Fulfillment of Shareholder Commitments The controlling shareholder, Shandong Hualu Hengsheng Group Co., Ltd., fulfilled its commitment not to reduce its shareholding within the specified six-month period - Controlling shareholder Shandong Hualu Hengsheng Group Co., Ltd. committed not to reduce its shareholding in the company within the next 6 months[13] - As of September 30, 2015, the controlling shareholder and its concerted parties held 308,902,832 shares, representing 32.39% of the company's total share capital, with no share reductions, thus fulfilling the commitment[13] Warning of Significant Changes in Cumulative Net Profit No warnings regarding significant changes in cumulative net profit were issued for this reporting period - No warnings of significant changes in cumulative net profit were issued during this reporting period[13] Appendix This section provides the unaudited financial statements, including the balance sheet, income statement, and cash flow statement, along with a note on the audit status Financial Statements The appendix provides unaudited balance sheets, income statements, and cash flow statements, detailing the company's financial position, operating results, and cash flows - The appendix includes unaudited balance sheets, income statements, and cash flow statements[15][19][22] - The balance sheet shows total assets of CNY 12,707,408,730.64 and net assets attributable to shareholders of CNY 7,239,059,785.48 at period-end[16][17] - The income statement shows operating revenue of CNY 6,866,883,809.72 and net profit of CNY 768,551,276.80 from the beginning of the year to the end of the reporting period[20] - The cash flow statement shows net cash flow from operating activities of CNY 1,984,950,394.50 from the beginning of the year to the end of the reporting period[22] Audit Report This quarterly report is explicitly stated as unaudited - This quarterly report is unaudited[23]