宇通重工(600817) - 2017 Q3 - 季度财报

Important Notice Report Authenticity Statement and Audit Status Management guarantees report truthfulness and completeness; approved by directors, but unaudited - The company's Board of Directors, Supervisory Board, and all directors, supervisors, and senior management guarantee the report's content is true, accurate, and complete, free from false records, misleading statements, or major omissions[5] - This company's Q3 2017 report is unaudited[5] Company Basic Information Key Financial Data Q3 2017: Total assets down 1.89%, revenue up 20.53%, net profit loss widened, operating cash flow improved 95.10% Key Financial Data and Changes for Q1-Q3 2017 | Indicator | As of Report Period End / Year-to-Date | As of Prior Year-End / Prior Year Same Period | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (Yuan) | 166,738,342.43 | 169,951,510.99 | -1.89% | | Net Assets Attributable to Shareholders (Yuan) | 96,992,300.24 | 98,090,805.85 | -1.12% | | Operating Revenue (Yuan) | 4,646,616.00 | 3,855,184.62 | 20.53% | | Net Profit Attributable to Shareholders (Yuan) | -1,098,505.61 | -892,710.12 | -23.05% | | Net Cash Flow from Operating Activities (Yuan) | -3,429,821.12 | -69,969,049.97 | 95.10% | - The company did not involve non-recurring gains and losses items[7] Shareholder Holding Status As of period-end, the company had 8,612 shareholders; top shareholder Lhasa Zhihe held 25.88% unpledged, while second largest Zhang Jincheng had 8 million shares pledged - As of the end of the reporting period, the company had 8,612 shareholders[8] Top Three Shareholders' Holdings | Shareholder Name | Number of Shares Held | Proportion (%) | Share Status | | :--- | :--- | :--- | :--- | | Lhasa Zhihe Enterprise Management Co., Ltd. | 41,639,968 | 25.88 | None | | Zhang Jincheng | 9,650,009 | 6.00 | Pledged 8,000,000 shares | | Shanghai Hongpu Industrial Investment Co., Ltd. | 5,231,016 | 3.25 | Frozen 5,231,016 shares | Significant Matters Analysis of Significant Changes in Financial Indicators Business shift to property leasing caused significant changes: operating costs down, taxes up, management expenses down, and operating cash flow improved 95.10% - The company's core business shift from financial leasing to self-owned property leasing is the primary reason for significant changes in multiple financial indicators[11] Key Financial Indicator Changes and Reasons for Q1-Q3 2017 | Item Name | YoY Change (%) | Reason for Change | | :--- | :--- | :--- | | Operating Cost | -85.53% | Core business shifted to property leasing, with costs primarily property management fees, lower than financial leasing costs | | Operating Taxes and Surcharges | 2011.24% | Increased property tax and land use tax | | Management Expenses | -47.19% | Reduced personnel and expenses required for property leasing business | | Financial Expenses | 96.26% | Decreased interest income | | Asset Impairment Loss | -100.00% | None occurred in this reporting period | | Net Cash Flow from Operating Activities | 95.10% | Core business shifted from financial leasing to self-owned property leasing | Progress of Significant Matters Major asset restructuring terminated; stock remains *ST due to low 2016 revenue, prompting new subsidiary for water environment restoration business - The company terminated its planned major asset restructuring in September 2017 due to the inability of transaction parties to agree on key terms such as transaction consideration[12] - Due to 2016 operating revenue being below 10 million Yuan, the company's stock continues to be subject to delisting risk warning; if 2017 revenue remains below this threshold, it may face suspension of listing risk[13] - To expand its business scale, the company has invested in establishing a wholly-owned subsidiary, Jiaxing Zhishan Water Ecological Technology Co., Ltd., to develop water environment restoration business[13] Overdue Unfulfilled Commitments Ongoing long-term commitments by acquiring parties regarding horizontal competition and related party transactions remain in effect - Commitments made in the acquisition report regarding resolving horizontal competition and related party transactions are still being fulfilled and are long-term effective commitments[15] Profit Forecast Warning The company did not provide a forecast for cumulative net profit through the next reporting period - The company did not provide a forecast for the cumulative net profit at the end of the next reporting period in this report[15] Appendix Financial Statements Q3 2017 financial statements show stable assets, parent company losses, subsidiary-driven consolidated profit, and improved operating cash flow Consolidated Balance Sheet As of Sep 30, 2017, total assets were 166.7 million Yuan (down 1.89%), mainly investment properties and cash; total liabilities 38.5 million Yuan, parent equity 97.0 million Yuan Consolidated Balance Sheet Key Items (September 30, 2017) | Item | Period-End Balance (Yuan) | Year-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 53,535,754.47 | 56,965,575.59 | | Investment Properties | 112,980,200.00 | 112,980,200.00 | | Total Assets | 166,738,342.43 | 169,951,510.99 | | Total Liabilities | 38,499,061.88 | 41,433,193.23 | | Total Equity Attributable to Parent Company Owners | 96,992,300.24 | 98,090,805.85 | | Total Liabilities and Owners' Equity | 166,738,342.43 | 169,951,510.99 | Parent Company Balance Sheet As of Sep 30, 2017, parent company total assets were 100.6M Yuan, mainly long-term equity investments and cash; total liabilities 7.18M Yuan, owners' equity 93.4M Yuan Parent Company Balance Sheet Key Items (September 30, 2017) | Item | Period-End Balance (Yuan) | Year-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 21,539,786.67 | 34,601,699.51 | | Long-term Equity Investments | 78,913,700.00 | 68,913,700.00 | | Total Assets | 100,562,091.23 | 103,515,399.51 | | Total Liabilities | 7,176,064.13 | 7,118,773.85 | | Total Owners' Equity | 93,386,027.10 | 96,396,625.66 | Consolidated Income Statement For Q1-Q3 2017, operating revenue was 4.65M Yuan (up 20.53%), operating profit 0.63M Yuan; net loss attributable to parent widened to 1.10M Yuan, minority interest income 0.82M Yuan Consolidated Income Statement Key Items (January-September 2017) | Item | Year-to-Date Amount (Yuan) | Prior Year Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 4,646,616.00 | 3,855,184.62 | | Operating Profit | 631,483.24 | -974,511.12 | | Total Profit | 631,483.24 | 275,447.73 | | Net Profit | -279,037.21 | -165,366.55 | | Net Profit Attributable to Parent Company Owners | -1,098,505.61 | -892,710.12 | | Minority Interest Income/Loss | 819,468.40 | 727,343.57 | Parent Company Income Statement For Q1-Q3 2017, parent company had no operating revenue, incurring a net loss of 3.01M Yuan, wider than prior year's 1.49M Yuan loss, mainly due to management expenses Parent Company Income Statement Key Items (January-September 2017) | Item | Year-to-Date Amount (Yuan) | Prior Year Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Operating Revenue | 0.00 | 0.00 | | Operating Profit | -3,010,598.56 | -1,487,609.40 | | Net Profit | -3,010,598.56 | -1,487,809.40 | Consolidated Cash Flow Statement For Q1-Q3 2017, net cash flow from operating activities was -3.43M Yuan, significantly improved from -69.97M Yuan; no major investing/financing activities, cash balance 53.54M Yuan Consolidated Cash Flow Statement Summary (January-September 2017) | Item | Year-to-Date Amount (Yuan) | Prior Year Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -3,429,821.12 | -69,969,049.97 | | Net Cash Flow from Investing Activities | 0.00 | 16,566,954.61 | | Net Cash Flow from Financing Activities | 0.00 | -31,829,049.14 | | Period-End Cash and Cash Equivalents Balance | 53,535,754.47 | 27,866,193.59 | Parent Company Cash Flow Statement For Q1-Q3 2017, parent company's net operating cash flow was -3.06M Yuan; investing activities had a 10.00M Yuan net outflow, with period-end cash balance at 21.54M Yuan Parent Company Cash Flow Statement Summary (January-September 2017) | Item | Year-to-Date Amount (Yuan) | Prior Year Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -3,061,912.84 | 3,674,639.58 | | Net Cash Flow from Investing Activities | -10,000,000.00 | 0.00 | | Net Cash Flow from Financing Activities | 0.00 | 0.00 | | Period-End Cash and Cash Equivalents Balance | 21,539,786.67 | 3,824,035.86 | Audit Report This quarterly financial report has not been audited - This quarterly report is unaudited[36]