莱茵生物(002166) - 2018 Q1 - 季度财报

Important Notice The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, with key executives also affirming the financial statements Board Statement The company's board of directors, supervisory board, and all senior executives guarantee the truthfulness, accuracy, and completeness of this quarterly report and assume corresponding legal responsibilities, with all directors attending the board meeting to review the report and key executives assuring the financial statements' integrity - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the quarterly report's content is true, accurate, and complete, free from false records, misleading statements, or major omissions, and assume legal responsibility[4] - Company principal Qin Benjun, head of accounting Zheng Hui, and head of accounting department Zhang Weipeng declare and guarantee the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[5] Company Overview This section provides key financial performance indicators for Q1 2018, including revenue, net profit, and cash flow, alongside detailed information on the company's shareholder structure Key Accounting Data and Financial Indicators In Q1 2018, the company's operating revenue was 111.48 million yuan, a 21.94% year-on-year decrease, while net profit attributable to shareholders increased by 41.09% to 18.29 million yuan, and net cash flow from operating activities significantly improved by 110.44% to 12.80 million yuan 2018 Q1 Key Financial Data | Indicator | Current Period | Prior Year Period | Change from Prior Year Period | | :--- | :--- | :--- | :--- | | Operating Revenue (yuan) | 111,482,325.48 | 142,814,856.38 | -21.94% | | Net Profit Attributable to Shareholders (yuan) | 18,291,677.28 | 12,964,570.20 | 41.09% | | Net Cash Flow from Operating Activities (yuan) | 12,804,279.37 | -122,622,744.92 | 110.44% | | Basic Earnings Per Share (yuan/share) | 0.04 | 0.03 | 33.33% | | Weighted Average Return on Net Assets | 1.73% | 1.52% | 0.21% | | Indicator | End of Current Period | End of Prior Year | Change from End of Prior Year | | Total Assets (yuan) | 2,903,601,137.93 | 2,896,950,513.93 | 0.23% | | Net Assets Attributable to Shareholders (yuan) | 1,067,630,812.99 | 1,050,989,341.32 | 1.58% | - Total non-recurring gains and losses for the reporting period amounted to 448,519.67 yuan, primarily from government subsidies[9] Shareholder Information As of the end of the reporting period, the company had 58,026 common shareholders, with controlling shareholder Qin Benjun holding 17.57% and acting in concert with Jiang Xiaosan, Jiang Anming, and Jiang Jun, while the top ten shareholders also include Central Huijin and two employee stock ownership plans - As of the end of the reporting period, the company had 58,026 common shareholders[11] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Type | Holding Percentage | Number of Shares Held | Pledged Shares | | :--- | :--- | :--- | :--- | :--- | | Qin Benjun | Domestic Natural Person | 17.57% | 76,840,512 | 40,820,000 | | Yao Xinde | Domestic Natural Person | 7.86% | 34,361,643 | 34,361,459 | | Liang Dingzhi | Domestic Natural Person | 4.77% | 20,874,447 | - | | Central Huijin Asset Management Co., Ltd. | State-owned Legal Person | 4.46% | 19,491,600 | - | | Jiang Xiaosan | Domestic Natural Person | 3.19% | 13,969,226 | - | | Yi Hongshi | Domestic Natural Person | 2.32% | 10,139,300 | - | | Tibet Trust - Rhein No. 2 Collective Fund Trust Plan | Other | 2.21% | 9,657,516 | - | | Jiang Anming | Domestic Natural Person | 2.13% | 9,304,728 | - | | Jiang Jun | Domestic Natural Person | 2.07% | 9,037,459 | - | | Caitong Securities Asset Management - Rhein No. 1 Collective Asset Management Plan | Other | 1.71% | 7,498,703 | - | - Shareholders Qin Benjun, Jiang Xiaosan, Jiang Anming, and Jiang Jun are siblings and constitute parties acting in concert; Rhein No. 1 and No. 2 Trust Plans are the company's first and second employee stock ownership plans, respectively[12] Significant Matters This section details the analysis of significant changes in financial data, progress on major projects like the BT project and rights issue, the half-year performance forecast, and other compliance-related disclosures Analysis of Financial Data Changes During the reporting period, several financial indicators changed significantly, with operating revenue decreasing by 21.94% due to reduced BT project and plant extraction business income, while operating costs saw a larger 34.78% decrease primarily due to improved BT project gross margin, and operating cash flow significantly improved due to 145 million yuan in BT project repayments Balance Sheet Key Item Changes and Reasons | Item | Change Percentage | Reason for Change | | :--- | :--- | :--- | | Interest Receivable | -98.09% | Due to receipt of interest accrued in prior years from BT projects | | Long-term Receivables | -100.00% | Due to repayment of loans from BT projects | | Employee Compensation Payable | -81.03% | Due to payment of performance wages and bonuses accrued in the previous year | | Other Current Liabilities | -60.28% | Due to reduction in taxes and surcharges accrued from BT project tax payments | Income Statement Key Item Changes and Reasons | Item | Change Percentage | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | -21.94% | Due to reduced income from BT projects and plant extraction business | | Operating Costs | -34.78% | Due to decreased revenue and improved gross margin of BT projects | | Selling Expenses | 58.25% | Due to increased expenses from introducing market sales talent in subsidiaries | | Financial Expenses | -51.08% | Due to reduction in bank loans | | Income Tax Expense | 109.48% | Due to increase in total profit | Cash Flow Statement Key Item Changes and Reasons | Item | Change Percentage | Reason for Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 110.44% | Due to 145 million yuan in repayments from BT projects | | Net Cash Flow from Financing Activities | -87.96% | Due to 200 million yuan in temporary borrowings for BT projects in the prior year period | Progress of Significant Matters The company disclosed progress on two significant matters: the BT project has cumulatively completed approximately 1.62 billion yuan in output value and received 1.2774 billion yuan in repurchase payments, contributing 23.25 million yuan in net profit in Q1, and the plan to raise no more than 760 million yuan through a rights issue has been approved by the shareholders' meeting - BT project progress: As of March 31, 2018, the project has cumulatively completed an engineering output value of approximately 1.62 billion yuan and cumulatively received repurchase payments of 1.2774 billion yuan; in Q1 2018, the project achieved a net profit of 23,248,675.88 yuan[18] - Rights issue plan: The company plans to raise a total of no more than 760 million yuan through a rights issue, with the relevant proposal approved at the 2017 Annual Shareholders' Meeting on April 19, 2018[19] 2018 Half-Year Performance Forecast The company forecasts net profit attributable to shareholders for the first half of 2018 to be between 64.23 million yuan and 99.91 million yuan, representing a year-on-year change of -10% to 40%, driven by increased plant extraction business from new factory capacity and contributions from completed BT projects 2018 January-June Performance Forecast | Item | Data | | :--- | :--- | | Net Profit Attributable to Shareholders Change Range | -10.00% to 40.00% | | Net Profit Attributable to Shareholders Range (10,000 yuan) | 6,422.88 to 9,991.14 | | Net Profit Attributable to Shareholders in 2017 Same Period (10,000 yuan) | 7,136.53 | - Reasons for performance change: With the gradual release of new factory capacity, the plant extraction business is expected to achieve year-on-year growth in revenue and profit; simultaneously, the progressive completion and acceptance of various unit projects under the BT project will also contribute significant earnings[21] Other Compliance Matters During the reporting period, the company had no overdue unfulfilled commitments, no illegal external guarantees, no non-operating fund occupation by controlling shareholders or their related parties, and no investor relations activities - The company had no overdue unfulfilled commitments from the actual controller, shareholders, related parties, acquirers, or the company itself during the reporting period[20] - The company had no illegal external guarantees during the reporting period, nor any non-operating fund occupation by controlling shareholders or their related parties[22][23] - The company did not host any investor surveys, communications, or interviews during the reporting period[24]