中嘉博创(000889) - 2017 Q3 - 季度财报

Important Notice The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibility for any misrepresentation, misleading statements, or material omissions[2] - All directors personally attended the board meeting to review this quarterly report[3] - Company representative Wu Ying, head of accounting Wang Qiang, and head of accounting department Zhang Lei declare that the financial statements in the quarterly report are true, accurate, and complete[3] Company Profile This section provides an overview of the company's key accounting data, financial indicators, and shareholder information Key Accounting Data and Financial Indicators The company's total assets and net assets attributable to shareholders increased, as did operating revenue and net profit, but operating cash flow significantly decreased Key Accounting Data and Financial Indicators | Indicator | End of Current Period / Current Period | End of Prior Year / Prior Year Same Period | Change | | :--- | :--- | :--- | :--- | | Balance Sheet (Period End): | | | | | Total Assets (RMB) | 3,069,878,176.01 | 2,989,901,779.61 | 2.67% | | Net Assets Attributable to Shareholders (RMB) | 2,609,865,325.17 | 2,454,833,114.41 | 6.32% | | Income Statement (Current Period): | | | | | Operating Revenue (RMB) | 536,723,959.77 | (Prior Year Same Period) 412,199,959.77 | 30.21% | | Net Profit Attributable to Shareholders (RMB) | 69,610,848.10 | (Prior Year Same Period) 44,817,975.05 | 55.32% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Gains/Losses) (RMB) | 62,670,557.06 | (Prior Year Same Period) 45,413,447.14 | 38.00% | | Basic Earnings Per Share (RMB/share) | 0.1119 | (Prior Year Same Period) 0.0720 | 55.32% | | Diluted Earnings Per Share (RMB/share) | 0.1119 | (Prior Year Same Period) 0.0720 | 55.32% | | Weighted Average Return on Net Assets (%) | 2.70 | (Prior Year Same Period) 1.87 | Increased by 0.83 percentage points | | Income Statement (Year-to-Date): | | | | | Operating Revenue (RMB) | 1,404,790,521.39 | (Prior Year Same Period) 1,302,400,000.00 | 7.86% | | Net Profit Attributable to Shareholders (RMB) | 177,417,975.05 | (Prior Year Same Period) 172,700,000.00 | 2.74% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Gains/Losses) (RMB) | 170,632,573.81 | (Prior Year Same Period) 171,160,000.00 | -0.31% | | Net Cash Flow from Operating Activities (RMB) | -111,076,710.13 | (Prior Year Same Period) 19,800,000.00 | -661.02% | | Basic Earnings Per Share (RMB/share) | 0.2853 | (Prior Year Same Period) 0.2777 | 2.74% | | Diluted Earnings Per Share (RMB/share) | 0.2853 | (Prior Year Same Period) 0.2777 | 2.74% | | Weighted Average Return on Net Assets (%) | 6.99 | (Prior Year Same Period) 7.40 | Decreased by 0.41 percentage points | Non-Recurring Gains and Losses | Item | Year-to-Date Amount (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets (including write-back of asset impairment provisions) | -246,842.19 | | Government Grants Recognized in Current Profit/Loss (excluding those closely related to business and received at national standard rates) | 9,621,035.00 | | Other Non-operating Income and Expenses (excluding the above) | -1,393,082.16 | | Less: Income Tax Impact | 1,195,709.41 | | Total | 6,785,401.24 | - Of the RMB 9.62 million in government grants recognized in current profit/loss, RMB 8.39 million was generated in the current reporting period, primarily including RMB 3 million from Beijing Municipal Science and Technology Commission for Chuangshi Mandao, and RMB 5.09 million in fiscal subsidies and RMB 0.30 million in enterprise support funds received by Changshi Communication[6] Total Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 25,360 common shareholders, with top shareholders having significant pledged holdings - Total number of common shareholders at the end of the reporting period: 25,360[8] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage (%) | Number of Shares Held | Number of Restricted Shares Held | Share Status | Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Xiaochang Yingxigu Investment Center (Limited Partnership) | Domestic Non-State Legal Person | 23.86 | 148,360,844 | 148,360,844 | Pledged | 90,000,000 | | Zhongzhao Investment Management Co., Ltd. | Domestic Non-State Legal Person | 22.20 | 138,074,832 | 0 | Pledged | 138,000,000 | | Shenzhen Tongtaida Investment Center (Limited Partnership) | Domestic Non-State Legal Person | 11.26 | 70,000,000 | 0 | | 0 | | Shanghai Fengyou Investment Management Center (General Partnership) | Domestic Non-State Legal Person | 4.25 | 26,445,783 | 26,445,783 | Pledged | 26,445,783 | | Shenzhen Maoye Department Store Co., Ltd. | Domestic Non-State Legal Person | 2.00 | 12,436,095 | 0 | | 0 | | Qinhuangdao State-owned Assets Management Holding Co., Ltd. | State | 1.89 | 11,742,341 | 0 | | 0 | | Guolian'an Fund - Minsheng Bank - Guolian'an - Lexin No. 1 Asset Management Plan | Other | 1.77 | 10,988,445 | 0 | | 0 | | Yunnan International Trust Co., Ltd. - Ruiying No. 109 Single Fund Trust | Other | 0.84 | 5,226,179 | 0 | | 0 | | Li Chenjie | Domestic Natural Person | 0.56 | 3,500,000 | 0 | | 0 | | Zhou Yunzhou | Domestic Natural Person | 0.55 | 3,400,500 | 0 | | 0 | - Zhongzhao Investment Management Co., Ltd. and Shenzhen Maoye Department Store Co., Ltd. are parties acting in concert; Xiaochang Yingxigu Investment Center (Limited Partnership) and Shanghai Fengyou Investment Management Center (General Partnership) are parties acting in concert[9] Significant Events This section details significant financial data changes, major asset restructuring progress, and other key corporate matters Analysis of Changes in Key Financial Data and Indicators Multiple financial indicators showed significant changes due to extended settlement cycles, loan repayments, government grants, increased procurement, and prior-period tax impacts Balance Sheet Items and Financial Indicators (Period-End vs. Prior Year-End) | Balance Sheet Item or Financial Indicator | Change from End of Prior Year to End of Current Period | Change and Main Reasons | | :--- | :--- | :--- | | Monetary Capital | -55.18% | Decreased by RMB 186.63 million, mainly due to extended customer settlement periods for Chuangshi Mandao, increased prepayments for SMS channel suppliers, and increased accounts receivable and procurement costs for Changshi Communication | | Notes Receivable | ＞30% | Increased by RMB 9.40 million, representing short-term notes received by Changshi Communication | | Accounts Receivable | 45.86% | Increased by RMB 224.18 million, mainly due to growth in operating revenue and the impact of customer settlement cycles for Changshi Communication and Chuangshi Mandao | | Prepayments | 34.30% | Increased by RMB 9.95 million, mainly due to Chuangshi Mandao's increased prepayments to suppliers to reduce procurement costs | | Interest Receivable | -42.57% | Decreased by RMB 0.35 million, due to reduced purchases of wealth management products by the parent company and Chuangshi Mandao | | Inventory | -37.55% | Decreased by RMB 1.24 million, as Changshi Communication reduced maintenance raw material reserves based on business needs | | Long-term Deferred Expenses | -33.82% | Decreased by RMB 0.55 million, due to reduced amortization of long-term deferred expenses such as decoration fees for Changshi Communication and Chuangshi Mandao | | Short-term Borrowings | -100.00% | Decreased by RMB 20.00 million, as Changshi Communication repaid all loans | | Interest Payable | -100.00% | Decreased by RMB 0.02 million, as Changshi Communication repaid all loans | | Other Payables | -43.29% | Decreased by RMB 15.93 million, mainly due to Changshi Communication's payment of project funds collected and paid on behalf of Qingyuan Changshi Construction Co., Ltd | | Other Current Liabilities | -39.81% | Decreased by RMB 17.05 million, mainly due to Chuangshi Mandao's reduction in gift call charges awaiting deduction | | Special Payables | -100.00% | Decreased by RMB 3.00 million, as Chuangshi Mandao recognized project funds allocated by the Beijing Municipal Science and Technology Commission as non-operating income | Income Statement Items and Financial Indicators (Current Period vs. Prior Year Same Period) | Income Statement Item or Financial Indicator | Change from Current Period to Same Period Last Year | Change and Main Reasons | | :--- | :--- | :--- | | Operating Revenue | 30.21% | Increased by RMB 124.54 million, mainly due to increased SMS and traffic revenue for Chuangshi Mandao, and expanded operating regions for Changshi Communication | | Operating Cost | 34.83% | Increased by RMB 105.18 million, in addition to increased operating revenue, mainly due to higher costs for Changshi Communication, with a growth rate 7.32 percentage points higher than revenue growth | | Net Profit Attributable to Shareholders | 55.32% | Increased by RMB 24.79 million, mainly due to increased gross profit, reduced expenses, and increased non-operating income for Chuangshi Mandao, as well as increased net profit for Changshi Communication | Statement Items and Financial Indicators (Year-to-Date vs. Prior Year Same Period) | Statement Item or Financial Indicator | Change from Year-to-Date to Same Period Last Year | Change and Main Reasons | | :--- | :--- | :--- | | Financial Expenses | -118.36% | Decreased by RMB 1.08 million, mainly due to reduced bank loan interest expenses for Changshi Communication | | Asset Impairment Losses | 142.88% | Increased by RMB 34.75 million, mainly due to the reversal of bad debt provisions from the parent company's receipt of major asset sale proceeds in 2015, with no such item this year | | Investment Income | ＞30% | Increased by RMB 3.02 million, mainly from wealth management product income of the parent company and Chuangshi Mandao | | Net Non-operating Income and Expenses | 376.91% | Increased by RMB 6.31 million, mainly due to Chuangshi Mandao's recognition of government project funds and Changshi Communication's increased fiscal subsidies and enterprise support funds | | Cash Paid for Goods and Services | 33.34% | Increased by RMB 218.69 million, mainly due to increased procurement expenditures driven by revenue growth, and increased prepayments for channel fees | | Cash Paid for Taxes and Levies | -62.69% | Decreased by RMB 110.39 million, mainly due to the payment of income tax on major asset sale proceeds in 2015 in the prior period, with no such item this period | | Net Cash Flow from Operating Activities | -661.02% | Decreased by RMB 96.48 million, mainly due to the payment of taxes on major asset sale gains in 2015 in the prior period, with no such expenditure this period; simultaneously, procurement expenditures for Chuangshi Mandao and Changshi Communication increased year-on-year | | Cash Received from Investment Income | -100.00% | Decreased by RMB 53.58 million, mainly due to the receipt of dividends from the target assets of the 2015 major asset sale in the prior year, with no such item this year | | Net Cash Received from Disposal of Fixed Assets, Intangible Assets, and Other Long-term Assets | -51.20% | Decreased by RMB 0.33 million, mainly due to a year-on-year reduction in the disposal and update of some fixed assets by Changshi Communication | | Net Cash Received from Disposal of Subsidiaries and Other Business Units | -100.00% | Decreased by RMB 703.00 million, due to the receipt of transaction proceeds from the 2015 major asset sale in the prior period, with no such item this period | | Other Cash Received Related to Investing Activities | -95.45% | Decreased by RMB 103.48 million, due to reduced purchases of wealth management products and wealth management income by the parent company and Chuangshi Mandao | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 71.71% | Increased by RMB 10.95 million, mainly due to Changshi Communication's purchase of generators and other fixed assets based on business needs | | Other Cash Paid Related to Investing Activities | -93.58% | Decreased by RMB 175.00 million, due to reduced purchases of wealth management products by the parent company and Chuangshi Mandao | | Net Cash Flow from Investing Activities | -104.97% | Decreased by RMB 696.28 million, mainly due to the receipt of transaction proceeds from the 2015 major asset sale in the prior period, with no such item this period | | Cash Received from Borrowings | -100.00% | Decreased by RMB 75.00 million, as Changshi Communication did not take out loans this period | | Cash Paid for Debt Repayment | -97.01% | Decreased by RMB 649.60 million, mainly due to the parent company's repayment of M&A loans for the 2015 major asset acquisition and Changshi Communication's loan repayments in the prior period | | Net Cash Flow from Financing Activities | 93.06% | Increased by RMB 570.91 million, mainly due to reduced cash paid for debt repayment | Progress of Major Asset Restructuring The company is progressing with a major asset restructuring to acquire Beijing Zhongtian Jiahua Information Technology Co., Ltd. through share issuance and cash, alongside a private placement for supporting funds - The company plans to acquire 100% equity of Beijing Zhongtian Jiahua Information Technology Co., Ltd. from Liu Yingkui and his related parties through a combination of share issuance and cash payment[15] - 75% of the target asset's transaction price will be paid by issuing shares, and 25% will be paid in cash[15] - The company intends to raise supporting funds through a private placement of shares to no more than 10 specific investors via inquiry, with a total maximum amount of approximately RMB 1.11 billion, not exceeding 100% of the transaction consideration for this share issuance acquisition[15] Fulfillment of Commitments No overdue unfulfilled commitments by the company's actual controllers, shareholders, related parties, or acquirers were reported during the period - During the reporting period, the company had no overdue unfulfilled commitments from its actual controllers, shareholders, related parties, acquirers, or the company itself[16] 2017 Annual Performance Forecast The company has not issued any warnings regarding potential losses or significant changes in its 2017 annual operating performance - The company has not forecasted that the cumulative net profit from the beginning of the year to the end of the next reporting period might be a loss or experience a significant change compared to the same period last year[17] Securities Investment The company did not engage in any securities investments during the reporting period - The company had no securities investments during the reporting period[18] Derivative Investments The company did not engage in any derivative investments during the reporting period - The company had no derivative investments during the reporting period[19] Registration of Research Activities No research, communication, or interview activities were conducted or received by the company during the reporting period - The company did not host any research, communication, or interview activities during the reporting period[20] Illegal External Guarantees The company had no instances of illegal external guarantees during the reporting period - The company had no illegal external guarantees during the reporting period[21] Non-Operating Fund Occupation The company has no controlling shareholder, and there was no non-operating occupation of funds by shareholders holding 5% or more or their related parties - The company has no controlling shareholder[22] - During the reporting period, there was no non-operating occupation of funds by shareholders holding 5% or more or their related parties[22] Targeted Poverty Alleviation Social Responsibility The company has not yet initiated targeted poverty alleviation efforts and currently has no future plans for such initiatives - The company has not yet initiated targeted poverty alleviation efforts in the third quarter and currently has no future plans for such initiatives[23]