华贸物流(603128) - 2018 Q3 - 季度财报

Important Notice The company's board, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this unaudited quarterly report - The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or major omissions[5] - This company's Q3 2018 report is unaudited[5] Company Profile Key Financial Data As of September 30, 2018, total assets increased by 2.22%, with Q1-Q3 operating revenue growing 8.94% to CNY 6.856 billion and net profit attributable to shareholders increasing 19.10% to CNY 256 million, despite a 15.70% decrease in net cash flow from operating activities Key Financial Data for Q1-Q3 2018 | Indicator | Year-to-Date (Jan-Sep) (CNY) | Prior Period (Jan-Sep) (CNY) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 6,856,218,609.03 | 6,293,801,128.03 | 8.94% | | Net Profit Attributable to Shareholders of Listed Company | 255,570,698.82 | 214,578,426.72 | 19.10% | | Net Profit Excluding Non-recurring Items | 241,944,098.67 | 206,430,910.77 | 17.20% | | Net Cash Flow from Operating Activities | 176,500,745.81 | 209,367,939.97 | -15.70% | | Basic Earnings Per Share (CNY/share) | 0.25 | 0.21 | 19.05% | - In Q1-Q3 2018, the company's total non-recurring gains and losses amounted to CNY 13.63 million, primarily from government subsidies and investment income from disposing of financial assets[9] Shareholder Information As of the end of the reporting period, the company had 65,451 shareholders, with China Chengtong Hong Kong Co., Ltd. being the largest shareholder, holding 41.32% of shares - As of the end of the reporting period, the company had 65,451 shareholders[11] Top Three Shareholders' Holdings | Shareholder Name | Number of Shares Held | Shareholding Percentage (%) | | :--- | :--- | :--- | | China Chengtong Hong Kong Co., Ltd. | 418,158,819 | 41.32 | | Guoxin Investment Co., Ltd. | 49,841,181 | 4.92 | | Beijing Chengtong Financial Holdings Investment Co., Ltd. | 43,106,432 | 4.26 | - The ultimate controlling shareholder of both the largest shareholder, China Chengtong Hong Kong Co., Ltd., and the third-largest shareholder, Beijing Chengtong Financial Holdings Investment Co., Ltd., is China Chengtong Holdings Group Co., Ltd[12] Significant Events Analysis of Significant Changes in Key Financial Statements and Indicators During the reporting period, significant changes included a 79.06% decrease in construction in progress, a shift in financial expenses to income due to exchange gains, a 123.72% increase in investment income from stock sales, and a substantial reduction in net cash outflow from investing activities, while financing activities shifted from net inflow to net outflow - The ending balance of construction in progress decreased by 79.06% from the beginning of the year, primarily due to the capitalization of office property purchased in Hong Kong into fixed assets[14][16] - Financial expenses significantly decreased year-on-year, shifting from an expense of CNY 7.13 million in the prior period to an income of CNY 6.14 million this period, mainly due to CNY 8.20 million in exchange gains from the appreciation of the US dollar[16][17] - Investment income increased by 123.72% year-on-year, primarily due to the sale of some Guiyang Bank shares during the current period[16][17] - Net cash flow from operating activities decreased by 15.70% year-on-year, but operating cash flow significantly improved compared to the CNY 57 million net outflow in the first half of the year[19] - Net cash flow from financing activities shifted from a net inflow of CNY 57 million in the prior period to a net outflow of CNY 225 million this period, mainly due to increased outflows for dividend distribution, interest payments, and bank guarantees for letters of credit[19] Appendix Financial Statements This section presents the company's unaudited consolidated and parent company balance sheets, income statements, and cash flow statements for Q3 2018 Consolidated Balance Sheet As of September 30, 2018, consolidated total assets were CNY 5.601 billion, total liabilities CNY 1.625 billion, and total equity attributable to parent company owners CNY 3.944 billion, with a debt-to-asset ratio of 29.01% Key Items from Consolidated Balance Sheet (as of September 30, 2018) | Item | Ending Balance (CNY) | | :--- | :--- | | Total Assets | 5,601,195,192.22 | | Total Liabilities | 1,624,973,858.19 | | Total Equity Attributable to Parent Company Owners | 3,943,659,279.08 | Parent Company Balance Sheet As of September 30, 2018, parent company total assets were CNY 4.522 billion, total liabilities CNY 1.314 billion, and total owner's equity CNY 3.208 billion Key Items from Parent Company Balance Sheet (as of September 30, 2018) | Item | Ending Balance (CNY) | | :--- | :--- | | Total Assets | 4,522,242,648.74 | | Total Liabilities | 1,314,445,461.35 | | Total Owner's Equity | 3,207,797,187.39 | Consolidated Income Statement In Q1-Q3 2018, total operating revenue grew 8.94% to CNY 6.856 billion, and net profit attributable to parent company owners increased 19.10% to CNY 256 million, with Q3 alone generating CNY 74 million in net profit, up 20.81% Consolidated Income Statement Core Data | Item | Year-to-Date (Jan-Sep) (Billion CNY) | Prior Period (Jan-Sep) (Billion CNY) | Q3 (Jul-Sep) (Billion CNY) | Prior Q3 (Jul-Sep) (Billion CNY) | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 6.86 | 6.29 | 2.55 | 2.29 | | Net Profit Attributable to Parent Company | 0.26 | 0.22 | 0.07 | 0.06 | | Basic Earnings Per Share (CNY) | 0.25 | 0.21 | 0.07 | 0.06 | Parent Company Income Statement In Q1-Q3 2018, parent company operating revenue grew 11.24% to CNY 3.563 billion, and net profit increased 21.39% to CNY 160 million Parent Company Income Statement Core Data (Jan-Sep) | Item | 2018 Jan-Sep (CNY) | 2017 Jan-Sep (CNY) | | :--- | :--- | :--- | | Operating Revenue | 3,563,306,987.16 | 3,203,148,721.15 | | Net Profit | 160,404,523.30 | 132,143,824.99 | Consolidated Cash Flow Statement In Q1-Q3 2018, net cash flow from operating activities was CNY 177 million (down 15.70%), net cash outflow from investing activities significantly decreased to CNY 68 million, and net cash flow from financing activities shifted to an outflow of CNY 225 million, with cash and cash equivalents totaling CNY 1.094 billion at period-end Consolidated Cash Flow Statement Summary (Jan-Sep) | Item | 2018 Jan-Sep (CNY) | 2017 Jan-Sep (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 176,500,745.81 | 209,367,939.97 | | Net Cash Flow from Investing Activities | -67,867,588.69 | -281,334,443.47 | | Net Cash Flow from Financing Activities | -224,846,171.30 | 56,592,164.13 | | Ending Balance of Cash and Cash Equivalents | 1,094,241,728.21 | 1,085,616,850.65 | Parent Company Cash Flow Statement In Q1-Q3 2018, parent company net cash flow from operating activities was -CNY 122 million (a shift from a CNY 213 million inflow in the prior period), with net cash inflow from investing activities at CNY 34 million and net cash outflow from financing activities at CNY 73 million Parent Company Cash Flow Statement Summary (Jan-Sep) | Item | 2018 Jan-Sep (CNY) | 2017 Jan-Sep (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -122,305,408.51 | 212,535,372.30 | | Net Cash Flow from Investing Activities | 33,585,550.17 | -141,569,223.65 | | Net Cash Flow from Financing Activities | -72,790,451.18 | -29,596,091.77 |