普路通(002769) - 2018 Q3 - 季度财报

Section I Important Notice This section outlines the company's commitment to the truthfulness and completeness of the quarterly report, with key financial officers guaranteeing financial statement integrity Statement on Report Authenticity The board, supervisory board, and senior management affirm the quarterly report's truthfulness and completeness, assuming legal responsibility - The board, supervisory board, and senior management commit to the truthfulness, accuracy, and completeness of the quarterly report, assuming legal responsibilities[4] - Company head Chen Shuzhi, chief accountant Shi Shuai, and head of accounting Ye Yanmei guarantee the financial statements' truthfulness and completeness[5] Section II Company Profile This section provides an overview of the company's key financial performance and shareholder structure for the reporting period I. Key Accounting Data and Financial Indicators The company reported key Q3 2018 financial data, showing asset growth, but declining net profit despite revenue increase, with worsening operating cash flow Key Financial Indicators for Q3 2018 and Year-to-Date | Indicator | Amount at Period-End/Year-to-Date (RMB) | Amount at Prior Year-End/Prior Period (RMB) | Change Rate | Notes | | :--- | :--- | :--- | :--- | :--- | | Balance Sheet (Period-End): | | | | | | Total Assets | 16,916,206,722.02 | 13,975,327,766.90 | 21.04% | Compared to prior year-end | | Net Assets Attributable to Shareholders | 1,335,730,726.54 | 1,260,847,960.28 | 5.94% | Compared to prior year-end | | Income Statement (Year-to-Date): | | | | | | Operating Revenue | 4,549,252,144.15 | - | 13.90% | Compared to prior year-period | | Net Profit Attributable to Shareholders | 99,762,989.85 | - | -33.41% | Compared to prior year-period | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items | 78,903,206.55 | - | -45.70% | Compared to prior year-period | | Basic Earnings Per Share (RMB/share) | 0.27 | - | -32.50% | Compared to prior year-period | | Diluted Earnings Per Share (RMB/share) | 0.07 (Current period) | - | -53.33% | Compared to prior year-period | | Weighted Average Return on Net Assets | 7.64% | - | -4.12% | Compared to prior year-period | | Cash Flow Statement (Year-to-Date): | | | | | | Net Cash Flow from Operating Activities | -1,019,880,978.39 | - | 56.77% (Worsened) | Compared to prior year-period | - The company classified fair value change gains (RMB 13,101,810.74) and investment income (RMB 40,253,685.07) as recurring gains, primarily due to a package of financial institution contracts signed to reduce payment costs and hedge foreign exchange risks[9][10] II. Total Shareholders and Top Ten Shareholders' Holdings at Period-End At period-end, the company had 38,918 common shareholders, with detailed information on the top ten shareholders' holdings, restrictions, pledges, and related party relationships - The total number of common shareholders at the end of the reporting period was 38,918[12] Top 10 Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held (shares) | Number of Restricted Shares Held (shares) | Pledge or Freeze Status (number) | | :--- | :--- | :--- | :--- | :--- | | Chen Shuzhi | 24.55% | 91,666,498 | 71,599,567 | None | | Zhang Yun | 6.93% | 25,877,963 | 20,975,972 | None | | Zhejiang Zheshang Venture Capital Co., Ltd. | 5.80% | 21,649,096 | 0 | None | | He Fan | 5.73% | 21,388,904 | 16,041,678 | Pledged 11,210,000 | | Zhao Ye | 5.60% | 20,917,401 | 17,512,657 | None | | Shenzhen Juzhitong Information Technology Co., Ltd. | 5.29% | 19,743,607 | 0 | Pledged 9,920,000 | | Zou Yong | 3.97% | 14,807,701 | 14,799,701 | Pledged 14,799,700 | | Ye Qing | 1.73% | 6,442,594 | 0 | None | | Zhongrong International Trust Co., Ltd. - Zhongrong - Kanjin No. 28 Securities Investment Collective Fund Trust Plan | 0.65% | 2,443,622 | 0 | None | | Zhongrong International Trust Co., Ltd. - Zhongrong - Kanjin No. 32 Securities Investment Collective Fund Trust Plan | 0.57% | 2,135,287 | 0 | None | - Shenzhen Juzhitong Information Technology Co., Ltd. is a concerted action party of the company's controlling shareholder and actual controller, Mr. Chen Shuzhi; Mr. Chen Shuzhi and Ms. Zhang Yun are related natural persons of Shenzhen Juzhitong Information Technology Co., Ltd[13] Section III Significant Matters This section details significant financial and operational changes, major litigation progress, and commitments, along with the 2018 annual performance forecast I. Changes and Reasons for Key Financial Data and Indicators During the Reporting Period The company experienced significant changes in financial data, including substantial increases in various balance sheet items and expenses, declines in certain income and tax items, and shifts in cash flow, driven by market, financial, and accounting factors Balance Sheet Key Items Changes and Reasons (Period-End vs. Beginning Balance) | Item | Change Rate | Change Amount (RMB) | Reason for Change | | :--- | :--- | :--- | :--- | | Financial assets at fair value through profit or loss | 36.27% | 115,845,402.34 | Unmatured financial derivatives measured at fair value | | Notes and Accounts Receivable | 59.72% | 578,350,590.59 | Increase in customer receivables | | Prepayments | 87.96% | 38,300,004.90 | Increase in prepayments to suppliers | | Other Receivables | 191.03% | 447,319,112.75 | Increase in customs duty payments on behalf of others and accrued interest on unmatured combined foreign exchange sales products | | Inventories | 55.96% | 60,278,246.85 | Increase in reserve inventory | | Short-term Borrowings | 33.39% | 3,342,918,134.07 | Increase in combined foreign exchange sales products | | Financial liabilities at fair value through profit or loss | 72.58% | 170,923,253.39 | Unmatured financial derivatives measured at fair value | | Notes and Accounts Payable | 123.93% | 442,411,561.14 | Increase in prepayments to suppliers | | Other Payables | -64.56% | -477,889,220.86 | Payment of due advances | | Other Current Liabilities | -50.59% | -581,374,288.46 | Settlement of matured combined foreign exchange sales products | | Other Comprehensive Income | -194.04% | -6,969,998.29 | Exchange rate fluctuations, changes in foreign currency financial statement translation differences | Income Statement and Cash Flow Statement Key Items Changes and Reasons (Year-to-Date vs. Prior Year-Period) | Item | Change Rate | Change Amount (RMB) | Reason for Change | | :--- | :--- | :--- | :--- | | Taxes and Surcharges | 152.19% | 1,499,446.30 | Increase in VAT and surtaxes | | Selling Expenses | 194.85% | 93,678,475.25 | Increase in market expansion expenses | | R&D Expenses | 35.21% | 3,072,009.27 | Increase in R&D investment | | Financial Expenses | 152.16% | 81,585,969.07 | Exchange rate fluctuations and increase in combined foreign exchange sales products | | Asset Impairment Losses | -75.44% | -46,754,535.97 | Prior period provision for individually litigated accounts receivable and other receivables | | Other Income | -- | 21,771,899.00 | Accounting standard revision, government grants recognized in other income and increased this period | | Fair Value Change Gains | -85.77% | -78,998,589.32 | Unmatured forward foreign exchange contracts due to exchange rate fluctuations | | Non-operating Income | -98.77% | -5,835,662.23 | Accounting standard revision, government grants recognized in other income | | Income Tax Expense | -35.93% | -10,637,270.86 | Reduced profitability compared to prior period | | Net Cash Flow from Operating Activities | 56.77% (Worsened) | -369,322,061.17 | Payment of prior year's customer collections/payments on behalf of others and increased working capital investment | | Net Cash Flow from Investing Activities | -92.51% (Improved) | 116,322,862.72 | Decrease in external investments compared to prior period | | Net Cash Flow from Financing Activities | -135.64% (Worsened) | -1,763,995,595.71 | Repayment of matured borrowings | II. Progress, Impact, and Solutions Analysis of Significant Matters The company reported progress on three major lawsuits, with two entering enforcement and one accepted, alongside a potential change in control due to a significant share transfer and voting rights entrustment by the controlling shareholder - The company's contract dispute case against LeEco Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LeEco Holdings (Beijing) Co., Ltd. received a first-instance judgment on July 27, 2018, ordering LeEco Mobile to pay outstanding debts and interest, with LeEco Holdings bearing guarantee responsibility. The company filed an enforcement application with the court on September 25, 2018[22] - The company's sales contract dispute case against Guangxi Nanning Taijia Medical Devices Co., Ltd. received a first-instance judgment on February 9, 2018, ordering Nanning Taijia to pay goods, capital occupation fees, and liquidated damages. The company filed an enforcement application with the court on September 25, 2018, which was accepted[23] - The company's sales contract dispute case with Yunnan Donghuan Import and Export Trade Co., Ltd., involving a claim amount of RMB 4,669,609.54, was accepted by the Shenzhen Futian District People's Court on September 13, 2018, and is awaiting judgment[23] - The company's controlling shareholder and actual controller, Mr. Chen Shuzhi, signed an 'Equity Transfer Framework Agreement' with Guangdong Green Financial Investment Holding Group Co., Ltd., proposing to transfer 10.66% of shares and entrust voting rights, nomination, and proposal rights for the remaining 19.18% of shares, which may lead to a change in company control[24] III. Unfulfilled Commitments by Actual Controller, Shareholders, Related Parties, Acquirers, and the Company During the Reporting Period The controlling shareholder and his concerted action party duly fulfilled all IPO-related commitments regarding share reduction, non-competition, related party transactions, and fund occupation, with no overdue unfulfilled commitments - Controlling shareholder Chen Shuzhi and concerted action party Shenzhen Juzhitong Information Technology Co., Ltd.'s commitments regarding share reduction (including reduction price not lower than issuance price, automatic extension of lock-up period if share price falls below issuance price, etc.) were being duly fulfilled during the reporting period[25][26] - Controlling shareholder Chen Shuzhi and concerted action party Shenzhen Juzhitong Information Technology Co., Ltd.'s commitments regarding non-competition, related party transactions, and fund occupation (including not engaging in businesses similar to the company, regulating related party transactions, not harming the interests of the company and minority shareholders, etc.) were being duly fulfilled during the reporting period[27][28][29][30] - During the reporting period, there were no overdue unfulfilled commitments by the company's commitment-related parties[30] IV. Forecast of 2018 Annual Operating Performance The company forecasts 2018 net profit attributable to shareholders to grow 0-50% to RMB 68.25-102.38 million, influenced by exchange rate volatility, trade wars, and reduced FX product returns 2018 Annual Operating Performance Forecast | Indicator | Range/Amount | | :--- | :--- | | Change Rate of Net Profit Attributable to Shareholders | 0.00% 至 50.00% | | Net Profit Attributable to Shareholders Change Range (RMB 10,000) | 6,825 至 10,238 | | Net Profit Attributable to Shareholders for 2017 (RMB 10,000) | 6,825 | - Key reasons for performance changes include significant exchange rate fluctuations, trade wars, and decreased returns from combined foreign exchange sales products[31] V. Financial Assets Measured at Fair Value The company reported no financial assets measured at fair value during the reporting period - The company had no financial assets measured at fair value during the reporting period[32] VI. Irregular External Guarantees The company reported no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[32] VII. Non-Operating Fund Occupation by Controlling Shareholder and Related Parties The company reported no non-operating fund occupation by controlling shareholders or related parties during the period - The company had no non-operating fund occupation by controlling shareholders or related parties during the reporting period[33] VIII. Wealth Management The company reported no wealth management activities during the reporting period - The company had no wealth management activities during the reporting period[34] IX. Registration Form for Investor Relations Activities During the Reporting Period The company did not engage in any investor relations activities during the reporting period - The company did not engage in any investor relations activities during the reporting period[35]