晋西车轴(600495) - 2017 Q1 - 季度财报

Important Notice The Board of Directors, Supervisory Board, and senior management ensure the accuracy and completeness of this quarterly report, which remains unaudited - The company's Board of Directors, Supervisory Board, and all senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report and assume corresponding legal responsibilities[9] - This company's Q1 2017 report is unaudited[5] Company Profile This section provides an overview of the company's key financial performance and shareholder structure for the reporting period Key Financial Data In Q1 2017, the company's operating revenue grew by 11.08%, but net profit attributable to shareholders turned from profit to loss, decreasing by 380.19% to approximately 10.92 million RMB in loss, while net cash flow from operating activities improved from negative to positive Key Financial Data for Q1 2017 | Indicator | Current Period End/Current Period | Prior Year End/Prior Period | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (RMB) | 3,691,882,618.60 | 3,681,957,544.30 | 0.27 | | Net Assets Attributable to Parent Company (RMB) | 3,093,292,724.15 | 3,104,263,141.67 | -0.35 | | Net Cash Flow from Operating Activities (RMB) | 8,401,631.86 | -144,266,439.60 | Not Applicable | | Operating Revenue (RMB) | 184,146,030.43 | 165,771,808.96 | 11.08 | | Net Profit Attributable to Parent Company (RMB) | -10,919,128.85 | 3,897,074.81 | -380.19 | | Non-recurring Net Profit Attributable to Parent Company (RMB) | -16,911,039.67 | -4,152,749.17 | Not Applicable | | Basic Earnings Per Share (RMB/share) | -0.009 | 0.003 | -400.00 | Non-recurring Gains and Losses Items | Item | Current Period Amount (RMB) | | :--- | :--- | | Government Grants | 414,285.72 | | Debt Restructuring Gains/Losses | 3,819.00 | | Other Non-operating Income/Expenses | 1,082,268.03 | | Other Items Defined as Non-recurring Gains/Losses | 4,491,538.07 | | Total | 5,991,910.82 | Shareholder Information As of the reporting period end, the company had 164,294 shareholders, with Jinxi Industrial Group Co., Ltd. as the largest shareholder at 30.79%, and its ultimate controller, along with Shanxi Jiangyang Chemical Co., Ltd. and China Ordnance Material North China Co., Ltd., is China North Industries Group Corporation - As of the end of the reporting period, the company had a total of 164,294 shareholders[11] Top Ten Shareholders' Holdings | Shareholder Name | Shares Held at Period End | Percentage of Total Share Capital (%) | | :--- | :--- | :--- | | Jinxi Industrial Group Co., Ltd. | 372,014,755 | 30.79 | | Wang Yan | 3,010,000 | 0.25 | | Shanxi Jiangyang Chemical Co., Ltd. | 2,641,153 | 0.22 | | Penghua CSI High-Speed Rail Industry Index Graded Fund | 1,771,843 | 0.15 | | China Ordnance Material North China Co., Ltd. | 1,721,088 | 0.14 | | Yunnan Trust Juxin No. 18 Collective Fund Trust Plan | 1,593,700 | 0.13 | | Xia Duoyou | 1,519,200 | 0.13 | | Dou Zhenjiang | 1,450,582 | 0.12 | | Liu Yubin | 1,450,000 | 0.12 | | Hong Kong Securities Clearing Company Limited | 1,448,020 | 0.12 | - Among the top ten shareholders, Jinxi Industrial Group Co., Ltd., Shanxi Jiangyang Chemical Co., Ltd., and China Ordnance Material North China Co., Ltd. share the same ultimate controller, China North Industries Group Corporation[12] Significant Events This section details significant changes in key financial statement items and indicators, along with their underlying reasons Analysis of Significant Changes in Key Financial Statement Items and Indicators During the reporting period, several financial items experienced significant changes, including a 112.83% increase in deferred income due to government grants, a 77.05% rise in administrative expenses from increased R&D, a 76.38% decrease in investment income due to a high prior-period base, and a 284.49% increase in other cash received related to operating activities from government subsidies Significant Balance Sheet Item Changes | Item | Change (%) | Reason | | :--- | :--- | :--- | | Interest Receivable | -45.78% | Maturity and recovery of wealth management product income | | Other Receivables | 64.78% | Increase in inter-company receivables | | Advances from Customers | 42.17% | New advance receipts for products not yet delivered | | Taxes Payable | -76.27% | Decrease in VAT and corporate income tax payable | | Specific Payables | -55.88% | Maturity and repayment of special funds for green transformation | | Deferred Income | 112.83% | Receipt of special funds for green manufacturing system integration | Significant Income Statement Item Changes | Item | Change (%) | Reason | | :--- | :--- | :--- | | Administrative Expenses | 77.05% | Increase in R&D investment | | Financial Expenses | 247.71% | Increase in net exchange losses and decrease in interest income | | Investment Income | -76.38% | Prior period included dividends from Ordnance Financial Company and reduced wealth management income | | Non-operating Income | 252.77% | Receipt of 1.08 million RMB in insurance compensation | | Income Tax Expense | -68.34% | Decrease in current income tax expense | Significant Cash Flow Statement Item Changes | Item | Change (%) | Reason | | :--- | :--- | :--- | | Cash Received from Other Operating Activities | 284.49% | Receipt of special funds for green manufacturing system | | Cash Paid for Goods and Services | -52.94% | Decrease in payments due to maturity of notes payable | | Taxes Paid | 94.84% | Increase in VAT paid | | Cash Paid for Investments | -59.67% | Decrease in purchases of wealth management products | Appendix This section contains the company's unaudited financial statements for the first quarter of 2017, along with a statement regarding the audit status Financial Statements The appendix provides the company's unaudited consolidated and parent company financial statements for Q1 2017, including the balance sheet, income statement, and cash flow statement, reflecting the financial position, operating results, and cash flows for the reporting period Consolidated Balance Sheet This table presents the consolidated financial position of the company as of March 31, 2017, detailing total assets, liabilities, and equity Consolidated Balance Sheet Summary (March 31, 2017) | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 3,691,882,618.60 | 3,681,957,544.30 | | Total Liabilities | 598,589,894.45 | 577,694,402.63 | | Total Equity Attributable to Parent Company Owners | 3,093,292,724.15 | 3,104,263,141.67 | Parent Company Balance Sheet This table outlines the financial position of the parent company as of March 31, 2017, including its assets, liabilities, and owner's equity Parent Company Balance Sheet Summary (March 31, 2017) | Item | Period-End Balance (RMB) | Year-Beginning Balance (RMB) | | :--- | :--- | :--- | | Total Assets | 3,059,559,421.03 | 3,028,291,878.08 | | Total Liabilities | 258,792,116.88 | 227,165,818.35 | | Total Owner's Equity | 2,800,767,304.15 | 2,801,126,059.73 | Consolidated Income Statement This table presents the consolidated operating results for the period of January-March 2017, including total revenue, operating profit, and net profit Consolidated Income Statement Summary (January-March 2017) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 184,146,030.43 | 165,771,808.96 | | Operating Profit | -12,241,116.38 | 4,222,837.71 | | Total Profit | -10,740,743.63 | 4,460,497.39 | | Net Profit Attributable to Parent Company Owners | -10,919,128.85 | 3,897,074.81 | | Basic Earnings Per Share (RMB/share) | -0.009 | 0.003 | Parent Company Income Statement This table details the parent company's operating performance for January-March 2017, including revenue, operating profit, and net profit Parent Company Income Statement Summary (January-March 2017) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Operating Revenue | 58,721,428.47 | 73,504,070.76 | | Operating Profit | -1,166,251.00 | 14,867,033.51 | | Total Profit | -594,794.59 | 15,284,168.23 | | Net Profit | -519,454.56 | 14,788,865.83 | Consolidated Cash Flow Statement This table summarizes the consolidated cash flows from operating, investing, and financing activities for January-March 2017 Consolidated Cash Flow Statement Summary (January-March 2017) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 8,401,631.86 | -144,266,439.60 | | Net Cash Flow from Investing Activities | 21,254,867.42 | -263,892,029.23 | | Net Cash Flow from Financing Activities | -38,170,286.00 | 0.00 | | Net Increase in Cash and Cash Equivalents | -8,801,660.79 | -408,407,299.30 | Parent Company Cash Flow Statement This table presents the parent company's cash flows from operating, investing, and financing activities for January-March 2017 Parent Company Cash Flow Statement Summary (January-March 2017) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -3,330,753.34 | -41,548,457.84 | | Net Cash Flow from Investing Activities | 21,420,657.19 | -259,137,500.99 | | Net Cash Flow from Financing Activities | -38,169,650.00 | 0.00 | | Net Increase in Cash and Cash Equivalents | -20,175,148.63 | -300,839,729.67 | Audit Report This quarterly financial report has not been audited - The report explicitly states that this quarterly financial report is unaudited[37]