信质集团(002664) - 2018 Q3 - 季度财报

Important Notice This section confirms the authenticity and integrity of the quarterly report, with full accountability from the company's management Statement on Report Authenticity The company's board of directors, supervisory board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report and assume corresponding legal responsibilities - Company management (Board of Directors, Supervisory Board, senior executives) guarantees no false statements, misleading representations, or material omissions in this report[3] - The company's head, head of accounting, and head of accounting department all declare the financial statements are true, accurate, and complete[4] Company Profile This section provides an overview of the company's key financial performance and shareholder structure as of the reporting period Key Accounting Data and Financial Indicators As of the end of Q3 2018, the company's total assets were 3.45 billion Yuan, with operating revenue growing by 14.45% and net profit attributable to shareholders increasing by 3.20% year-to-date | Indicator | Year-to-Date (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | | Operating Revenue | 1,966,453,041.01 | 14.45% | | Net Profit Attributable to Listed Company Shareholders | 198,933,839.81 | 3.20% | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-Recurring Items) | 199,303,004.78 | 3.46% | | Net Cash Flow from Operating Activities | 94,438,835.23 | 331.92% | | Basic Earnings Per Share (Yuan/share) | 0.4973 | 3.20% | - From the beginning of the year to the end of the reporting period, the company's non-recurring gains and losses totaled -0.3692 million Yuan, primarily consisting of government subsidies, gains/losses from disposal of non-current assets, and fair value changes of financial assets[8] Shareholder Information As of the reporting period end, the company had 24,345 common shareholders, with the largest shareholder being Tibet Beihang Changying Tianqi Information Technology Co., Ltd., and significant holdings by the Yin Xingman family - As of the end of the reporting period, the company had 24,345 common shareholders[11] | Shareholder Name | Shareholding Percentage | Pledge or Freeze Status | | :--- | :--- | :--- | | Tibet Beihang Changying Tianqi Information Technology Co., Ltd. | 26.00% | Pledged 104,005,200 shares | | Yin Xingman | 13.20% | - | | Ye Xiaoqing | 9.94% | - | | Yin Qiang | 2.81% | Pledged 11,249,992 shares | | Zhang Yu | 1.25% | Frozen 5,000,000 shares | - Shareholder Yin Xingman and Ye Xiaoqing are a married couple, Yin Wei and Yin Qiang are their sons, forming a concerted action relationship; additionally, Yin Wei wholly owns Shangli County Chuangding Investment Co., Ltd[12] Significant Matters This section details major financial changes, progress on significant events, and the company's annual performance forecast and compliance status Analysis of Significant Changes in Financial Data During the reporting period, several financial indicators experienced substantial changes primarily due to the transfer of Zhejiang Aimai equity, new smart factory project payments, and the acquisition of Tianyu Changying equity | Item | Change Rate | Explanation | | :--- | :--- | :--- | | Other Receivables | 730.79% | Primarily due to receivables from Zhejiang Aimai equity transfer in this period | | Construction in Progress | 838.06% | Primarily due to new smart factory project payments in this period | | Long-term Equity Investment | -100% | Primarily due to the transfer of Zhejiang Aimai equity in this period | | Other Payables | -98.57% | Primarily due to payment for Tianyu Changying equity in this period | | Long-term Borrowings | - | New 200 million Yuan, primarily for special borrowing to pay for Tianyu Changying equity | | Research and Development Expenses | 40.62% | Due to increased investment in new energy projects and the newly consolidated entity Tianyu Changying | | Financial Expenses | -515.28% | Due to interest payments for Tianyu Changying equity and exchange losses (Note: Original change rate was negative, implying a significant increase) | | Cash Paid for Investing Activities | - | New 285 million Yuan, primarily due to payment for Tianyu Changying equity in this period | Progress of Significant Matters The company resolved to transfer 65% of its equity in Zhejiang Aimai for 41 million Yuan, with the first payment received and industrial and commercial changes completed - The company transferred 65% equity in its controlling subsidiary Zhejiang Aimai for 41 million Yuan, has received the first payment, and completed industrial and commercial changes[16][17] 2018 Annual Operating Performance Forecast The company forecasts 2018 net profit attributable to shareholders to range from 230 million Yuan to 307 million Yuan, influenced by business expansion, subsidiary sales, cost control, and raw material prices | Item | Forecast Situation | | :--- | :--- | | 2018 Annual Net Profit Attributable to Parent Company (Change Range) | -10.00% to 20.00% | | 2018 Annual Net Profit Attributable to Parent Company (Range in million Yuan) | 230.2422 to 306.9896 | | 2017 Annual Net Profit Attributable to Parent Company (million Yuan) | 255.8247 | - Reasons for performance change include: expansion of own business scale, improved sales of controlling subsidiaries, effective internal cost control, but also higher raw material prices compared to the same period last year, leading to a decrease in product gross profit margin[19] Other Compliance Matters During the reporting period, the company maintained compliance with no overdue commitments, illegal guarantees, controlling shareholder fund occupation, or entrusted wealth management activities - The company had no overdue unfulfilled commitments, illegal external guarantees, controlling shareholder fund occupation, or entrusted wealth management during the reporting period[18][20][21][22] Financial Statements This section presents the company's consolidated financial statements, including the balance sheet, income statements, cash flow statement, and audit status Consolidated Balance Sheet As of September 30, 2018, the company's consolidated total assets were 3.45 billion Yuan, with a decrease in total liabilities and an increase in equity attributable to parent company owners compared to the beginning of the year | Item | Period-End Balance (Yuan) | Period-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 3,450,128,111.44 | 3,492,782,997.56 | | Total Liabilities | 1,231,129,631.22 | 1,442,823,545.72 | | Total Equity Attributable to Parent Company Owners | 2,101,154,674.02 | 1,928,222,134.21 | Consolidated Income Statement (Q3) In Q3 2018, the company's total operating revenue increased by 2.40% year-on-year, while net profit attributable to parent company owners saw a slight decrease | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 631,365,483.63 | 616,540,435.39 | | Operating Profit | 76,257,883.51 | 72,596,946.93 | | Total Profit | 74,880,265.99 | 71,692,055.64 | | Net Profit Attributable to Parent Company Owners | 63,283,217.69 | 64,199,387.76 | Consolidated Income Statement (Year-to-Date) For the first three quarters of 2018, the company achieved a 14.45% year-on-year increase in cumulative total operating revenue and a 3.20% increase in cumulative net profit attributable to parent company owners | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,966,453,041.01 | 1,718,236,050.39 | | Operating Profit | 253,876,336.88 | 226,397,089.79 | | Total Profit | 251,919,828.12 | 223,654,390.37 | | Net Profit Attributable to Parent Company Owners | 198,933,839.81 | 192,771,331.91 | Consolidated Cash Flow Statement (Year-to-Date) For the first three quarters of 2018, net cash flow from operating activities significantly increased, while investing activities saw a substantial outflow primarily due to an acquisition, offset by financing inflows | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 94,438,835.23 | 21,864,676.31 | | Net Cash Flow from Investing Activities | -357,703,122.34 | -146,459,762.57 | | Net Cash Flow from Financing Activities | 429,181,966.66 | -29,924,060.97 | | Net Increase in Cash and Cash Equivalents | 164,512,400.85 | -153,707,248.46 | Audit Opinion The company's third-quarter report for 2018 has not been audited - The company's third-quarter report is unaudited[54]