福成股份(600965) - 2017 Q3 - 季度财报

Important Notice Management Statement Management guarantees the truthfulness and completeness of this unaudited quarterly report, assuming legal responsibility - Company management guarantees the truthfulness, accuracy, and completeness of this quarterly report and assumes legal responsibility[8] - This company's Q3 2017 report is unaudited[8] Basic Company Information Key Financial Data As of Sep 30, 2017, total assets were 2.31 billion yuan (down 11.27%), and Q1-Q3 net profit was 119 million yuan Key Financial Data for Q1-Q3 2017 | Indicator | Q1-Q3 2017 | Year-on-year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1.004 billion yuan | -2.23% | | Net Profit Attributable to Shareholders of the Listed Company | 119.35 million yuan | -18.99% | | Net Cash Flow from Operating Activities | 130.72 million yuan | 55.77% | | Basic Earnings Per Share (yuan/share) | 0.15 | -16.67% | | Weighted Average Return on Net Assets (%) | 6.67% | Decreased by 2.30 percentage points | | Balance Sheet Items | September 30, 2017 | Change from End of Previous Year (%) | | Total Assets | 2.309 billion yuan | -11.27% | | Net Assets Attributable to Shareholders of the Listed Company | 1.816 billion yuan | 3.54% | - In Q1-Q3 2017, the company's non-recurring gains and losses totaled 2.93 million yuan, primarily from 4.62 million yuan in government grants[9] Shareholder Shareholding Information The company had 23,316 shareholders, with top three holding significant stakes and substantial pledged shares by major entities - As of the end of the reporting period, the company had 23,316 shareholders[10] Top Three Shareholders' Shareholding Information | Shareholder Name | Shareholding Percentage (%) | Share Status | | :--- | :--- | :--- | | Fucheng Investment Group Co., Ltd. | 35.51 | Pledged 290,601,200 shares | | Li Fucheng | 15.65 | None | | Sanhe Fusheng Investment Co., Ltd. | 9.01 | Pledged 73,795,393 shares | - Among the top ten shareholders with unlimited sale conditions, Li Fucheng, Li Gaosheng, and Sanhe Fusheng Investment Co., Ltd. are parties acting in concert[11] Significant Matters Analysis of Significant Changes in Key Accounting Items and Financial Indicators The company experienced significant changes in key balance sheet items, primarily driven by debt repayments and inter-group borrowings - Cash and cash equivalents decreased by 39.55% from the beginning of the period, primarily due to repayment of bank borrowings during the reporting period[14] - Short-term borrowings decreased by 57.49% and notes payable by 55.55% from the beginning of the period, mainly due to repayment of matured bank loans and bank acceptance bills[14] - Taxes payable decreased by 53.46% from the beginning of the period, mainly due to a reduction in corporate income tax and VAT payable at period-end[14] - Other payables increased by 53.48% from the beginning of the period, primarily due to an increase in inter-group borrowings[14] Performance Forecast No warnings were issued regarding potential losses or significant changes in accumulated net profit for the next reporting period - The company has not issued a significant change warning regarding accumulated net profit from the beginning of the year to the end of the next reporting period[17] Appendix Financial Statements This appendix provides the company's unaudited consolidated and parent company financial statements Consolidated Balance Sheet Consolidated total assets decreased by 11.27% to 2.31 billion yuan, with total liabilities down 41.96% to 491 million yuan Consolidated Balance Sheet Summary (September 30, 2017) | Item | Period-end Balance (yuan) | Beginning-of-year Balance (yuan) | | :--- | :--- | :--- | | Total Assets | 2,309,246,287.12 | 2,602,546,027.60 | | Total Liabilities | 491,480,694.22 | 846,736,055.30 | | Total Owners' Equity Attributable to Parent Company | 1,816,448,140.38 | 1,754,404,347.21 | Parent Company Balance Sheet As of September 30, 2017, parent company total assets were 2.55 billion yuan, with liabilities at 1.17 billion yuan Parent Company Balance Sheet Summary (September 30, 2017) | Item | Period-end Balance (yuan) | Beginning-of-year Balance (yuan) | | :--- | :--- | :--- | | Total Assets | 2,550,068,897.89 | 2,608,663,724.57 | | Total Liabilities | 1,174,034,402.59 | 1,174,860,226.38 | | Total Owners' Equity | 1,376,034,495.30 | 1,433,803,498.19 | Consolidated Income Statement Consolidated operating revenue for Q1-Q3 2017 was 1.00 billion yuan, with net profit attributable to parent company owners at 119 million yuan Consolidated Income Statement Summary (January-September 2017) | Item | Amount from Beginning of Year to End of Reporting Period (yuan) | Amount from Beginning of Previous Year to End of Reporting Period (yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,004,330,940.34 | 1,027,196,252.45 | | Total Operating Costs | 856,202,864.14 | 869,932,189.15 | | Total Profit | 160,793,013.57 | 185,863,765.48 | | Net Profit Attributable to Parent Company Owners | 119,352,860.02 | 147,334,665.89 | Parent Company Income Statement Parent company operating revenue for Q1-Q3 2017 was 623 million yuan, resulting in a net loss of 460 thousand yuan, reversing prior year's profit Parent Company Income Statement Summary (January-September 2017) | Item | Amount from Beginning of Year to End of Reporting Period (yuan) | Amount from Beginning of Previous Year to End of Reporting Period (yuan) | | :--- | :--- | :--- | | Operating Revenue | 622,817,394.53 | 630,082,089.82 | | Operating Profit | -140,493.68 | 6,723,247.45 | | Net Profit | -459,936.04 | 34,355,067.84 | Consolidated Cash Flow Statement Net cash flow from operating activities for Q1-Q3 2017 was 131 million yuan (up 55.77%), with outflows from investing and financing activities Consolidated Cash Flow Statement Summary (January-September 2017) | Item | Amount from Beginning of Year to End of Reporting Period (yuan) | Amount from Beginning of Previous Year to End of Reporting Period (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 130,720,211.50 | 83,919,446.51 | | Net Cash Flow from Investing Activities | -48,008,808.55 | -66,202,818.98 | | Net Cash Flow from Financing Activities | -138,862,634.17 | 451,531,787.97 | | Net Increase in Cash and Cash Equivalents | -56,340,321.05 | 469,724,259.22 | Parent Company Cash Flow Statement Parent company net cash flow from operating activities for Q1-Q3 2017 was 379 million yuan, with outflows from investing and financing activities Parent Company Cash Flow Statement Summary (January-September 2017) | Item | Amount from Beginning of Year to End of Reporting Period (yuan) | Amount from Beginning of Previous Year to End of Reporting Period (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 378,807,330.93 | 92,737,522.84 | | Net Cash Flow from Investing Activities | -26,748,274.95 | -83,146,868.78 | | Net Cash Flow from Financing Activities | -248,627,134.17 | 325,987,287.97 | Audit Report This quarterly financial report has not been audited - The report explicitly states that this quarterly report is unaudited[43]