新研股份(300159) - 2018 Q3 - 季度财报

Important Notice The company's Board of Directors, Supervisory Board, and all senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report - The company's Board of Directors, Supervisory Board, and all senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or major omissions, and assume corresponding legal liabilities[3] - Company负责人 Zhou Weihua, head of accounting Li Jilan, and head of accounting department Wen Yanyu declare that the financial statements in this quarterly report are true, accurate, and complete[4] Company Profile Key Accounting Data and Financial Indicators As of Q3 2018, total assets increased by 12.32% year-over-year, with year-to-date operating revenue up 43.26% and net profit attributable to shareholders up 26.58% Key Financial Indicators (Year-to-Date as of Report Period End) | Indicator | Amount (RMB) | Year-over-Year Change | | :--- | :--- | :--- | | Operating Revenue | 1,506,320,933.56 | +43.26% | | Net Profit Attributable to Listed Company Shareholders | 324,911,270.91 | +26.58% | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Gains/Losses) | 203,791,242.02 | +7.22% | | Net Cash Flow from Operating Activities | -99,103,432.76 | +60.29% | | Basic Earnings Per Share (RMB/share) | 0.2180 | +26.60% | | Total Assets (End of Period) | 10,067,379,351.30 | +12.32% (Compared to End of Previous Year) | Non-recurring Gains and Losses (Year-to-Date as of Report Period End) | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 98,266,159.24 | | Government Grants Recognized in Current Period P&L | 43,305,557.79 | | Other Non-operating Income and Expenses | 922,434.60 | | Less: Income Tax Impact | 21,374,122.74 | Shareholder Information As of the report period end, the company had 30,818 common shareholders, with major shareholders Zhou Weihua, Han Hua, and Yang Lijun holding significant pledged shares - As of the report period end, the company had 30,818 common shareholders[11] Top Three Shareholders' Holdings and Pledges | Shareholder Name | Shareholding Percentage | Number of Shares Held | Number of Shares Pledged | | :--- | :--- | :--- | :--- | | Zhou Weihua | 15.00% | 223,600,955 | 191,450,000 | | Han Hua | 8.32% | 124,026,360 | 121,126,360 | | Yang Lijun | 5.40% | 80,438,103 | 79,560,000 | - Shareholder relationships: Zhou Weihua and Wang Jianjun are parties acting in concert; Han Hua and Yang Lijun are a married couple[12] Changes in Restricted Shares During the reporting period, restricted shares decreased from 3,500 to 2,775 due to an executive's resignation and subsequent release of a portion of their restricted shares Restricted Share Movement Details | Shareholder Name | Restricted Shares at Beginning of Period | Restricted Shares Released This Period | Restricted Shares at End of Period | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Wang Xiaoyu | 3,500 | 725 | 2,775 | Locked after Executive Resignation | Significant Events Significant Changes in Financial Data and Reasons Multiple financial indicators showed significant changes, with revenue and costs rising due to business growth, while financial expenses and non-operating income surged from increased borrowings and asset disposals - Operating revenue increased by 43.26% year-over-year, primarily due to growth in aerospace and agricultural machinery business revenue[16] - Non-operating income surged by 6742.51%, mainly due to the disposal of idle assets in the agricultural machinery segment during this period[16] - Financial expenses dramatically increased by 1415.61% year-over-year, primarily due to higher financial expenses and reduced government loan interest subsidies received this period[16] - Long-term equity investments significantly increased by 341.76%, mainly due to wholly-owned subsidiary Mingri Aerospace's investment in Sichuan Aerospace Tuoxin Basalt Industrial Co., Ltd[16] Progress of Significant Events The company is executing a share repurchase plan, having repurchased approximately 0.099% of total share capital for about RMB 10.16 million as of September 30, 2018 - As of September 30, 2018, the company had cumulatively repurchased 1,474,600 shares, accounting for 0.099% of total share capital[17] - The highest repurchase price was RMB 7.76/share, the lowest was RMB 6.70/share, with a total payment of RMB 10,159,102.00 (excluding transaction fees)[17] Other Significant Matters The company had no overdue unfulfilled commitments, irregular external guarantees, or non-operating funds occupied by the controlling shareholder, and implemented its 2017 cash dividend policy - During the reporting period, the company had no overdue unfulfilled commitments, irregular external guarantees, or non-operating funds occupied by the controlling shareholder[19][21][22] - On July 11, 2018, the company implemented its 2017 equity distribution plan, distributing a cash dividend of RMB 0.28 (tax inclusive) per 10 shares to all shareholders[20] Financial Statements Financial Statement Summary The company achieved significant revenue growth in Q1-Q3 2018, driven by aerospace and agricultural machinery, with increased assets and liabilities reflecting business expansion and financing needs, and net profit boosted by non-recurring gains Consolidated Balance Sheet Key Data (September 30, 2018) | Item | End of Period Balance (RMB) | Change from Beginning of Period | | :--- | :--- | :--- | | Total Assets | 10,067,379,351.30 | +12.32% | | Total Liabilities | 3,459,111,159.96 | +31.35% | | Total Equity Attributable to Parent Company Owners | 6,483,195,906.68 | +4.46% | Consolidated Income Statement Key Data (Year-to-Date as of Report Period End) | Item | Current Period Amount (RMB) | Year-over-Year Change | | :--- | :--- | :--- | | Total Operating Revenue | 1,506,320,933.56 | +43.26% | | Total Operating Costs | 1,241,475,599.81 | +58.93% | | Net Profit Attributable to Parent Company Owners | 324,911,270.91 | +26.58% | Consolidated Cash Flow Statement Key Data (Year-to-Date as of Report Period End) | Item | Current Period Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | -99,103,432.76 | | Net Cash Flow from Investing Activities | -266,781,488.34 | | Net Cash Flow from Financing Activities | 471,512,675.95 | | Net Increase in Cash and Cash Equivalents | 105,627,754.85 | Audit Opinion This quarterly report is unaudited - The company's third-quarter report is unaudited[55]