惠伦晶体(300460) - 2024 Q3 - 季度财报(更正)

Key Financial and Operational Analysis Overview of Core Financial Indicators YTD revenue grew 41.46% to 1.704 million CNY net profit; Q3 recorded a 0.877 million CNY net loss, total assets slightly decreased Summary of Core Financial Indicators | Indicator | Current Period (Q3) | YoY Change | YTD | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 155,566,615.76 | 17.78% | 442,961,653.10 | 41.46% | | Net Profit Attributable to Shareholders (CNY) | -877,178.63 | -112.29% | 1,704,178.16 | 106.48% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (CNY) | -18,345,083.60 | -378.18% | -23,276,983.79 | 45.67% | | Net Cash Flow from Operating Activities (CNY) | N/A | N/A | 69,310,330.73 | 68.00% | | Basic Earnings Per Share (CNY/share) | -0.0031 | -112.20% | 0.0061 | 106.51% | | Total Assets (CNY) | 1,745,218,935.02 | -2.08% (vs. end of prior year) | | | | Total Equity Attributable to Shareholders (CNY) | 826,093,201.20 | -7.06% (vs. end of prior year) | | | Non-recurring Gains and Losses Analysis YTD non-recurring gains and losses totaled 24.981 million CNY, primarily from government subsidies, with core business still facing profitability pressure - Net profit attributable to shareholders (excluding non-recurring gains and losses) for the year-to-date period was -23,276,983.79 CNY, indicating weak core business profitability and current profits largely relying on non-recurring items like government subsidies[5][6] Non-recurring Gains and Losses Items and Amounts | Item | YTD Amount (CNY) | Description | | :--- | :--- | :--- | | Government subsidies included in current profit/loss | 29,353,231.84 | Primary component | | Other non-operating income/expenses and fair value changes | 37,747.70 | | | Less: Income tax impact | 4,408,825.43 | | | Total | 24,981,161.95 | | Analysis of Financial Indicator Changes Revenue growth was driven by recovering demand in consumer electronics and communications markets, while significant balance sheet changes reflect increased prepayments, notes payable, and long-term payables due to business activities - Operating revenue increased by 41.46% year-over-year, primarily due to a rebound in terminal demand for consumer electronics and communication sectors, leading to increased orders compared to the same period last year[9] - Net cash flow from operating activities increased by 68% year-over-year, mainly attributed to increased cash received from sales of goods[9] - Significant balance sheet changes include: - Prepayments increased by 438.65% from the beginning of the year due to increased prepayments for goods to suppliers[9] - Notes payable increased by 267.01% from the beginning of the year due to increased use of bank acceptance bills for supplier payments[9] - Long-term payables increased by 727.91% from the beginning of the year due to increased lease payments from sale-leaseback transactions[9] Shareholder Structure Analysis Major Shareholder Holdings As of the reporting period end, the company had 37,677 common shareholders, with significant combined holdings by Xinjiang Huilun Equity Investment Partnership and actual controller Zhao Jiqing, and the top three shareholders having pledged shares - The total number of common shareholders at the end of the reporting period was 37,677 accounts[11] Top Ten Shareholders' Holdings | Shareholder Name | Holding Percentage | Number of Shares Held | Pledged/Frozen Status | | :--- | :--- | :--- | :--- | | Xinjiang Huilun Equity Investment Partnership (Limited Partnership) | 14.36% | 40,327,380 | Pledged 19,803,200 shares, Frozen 933,402 shares | | Zhao Jiqing | 5.34% | 15,000,000 | Pledged 4,750,000 shares | | Shijin International Co., Ltd. | 3.23% | 9,079,723 | Pledged 5,000,000 shares | - The largest shareholder, Xinjiang Huilun Equity Investment Partnership (Limited Partnership), and the company's actual controller, Mr Zhao Jiqing, are parties acting in concert[12] Other Significant Matters Disclosure of Significant Matters No other significant matters required disclosure during the reporting period - The company had no other significant matters applicable or requiring disclosure in this reporting period[13] Quarterly Financial Statements Consolidated Balance Sheet Analysis At period-end, total assets were 1.745 billion CNY, slightly down from year-start, with total liabilities at 918 million CNY, and significant increases in inventory, accounts receivable, notes payable, and long-term payables reflecting operational and financing changes Consolidated Balance Sheet Highlights | Major Balance Sheet Item | Period-End Balance (CNY) | Change from Beginning of Period | | :--- | :--- | :--- | | Total Assets | 1,745,218,935.02 | -2.08% | | Inventory | 338,431,601.97 | +26.90% | | Accounts Receivable | 178,307,429.50 | +27.11% | | Total Liabilities | 917,703,600.78 | +2.40% | | Short-term Borrowings | 225,516,888.88 | -7.40% | | Notes Payable | 87,678,554.76 | +267.01% | | Long-term Borrowings | 171,373,871.99 | -28.60% | | Long-term Payables | 25,000,000.00 | +727.91% | | Total Equity | 827,515,334.24 | -7.05% | Consolidated Income Statement Analysis YTD operating revenue reached 443 million CNY, up 41.46% due to market recovery; despite rising costs and expenses, a 138.45% increase in other income, mainly government subsidies, led to a net profit attributable to shareholders of 1.704 million CNY, reversing last year's loss Consolidated Income Statement Highlights | Major Income Statement Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 442,961,653.10 | 313,146,458.07 | +41.46% | | Total Operating Costs | 472,011,709.01 | 361,270,966.96 | +30.66% | | Operating Costs | 360,950,304.20 | 257,016,541.78 | +40.44% | | R&D Expenses | 27,938,467.78 | 23,903,214.13 | +16.88% | | Financial Expenses | 22,224,975.97 | 16,708,489.80 | +33.02% | | Other Income | 29,353,231.84 | 12,309,874.52 | +138.45% | | Operating Profit | -2,314,928.12 | -31,089,535.27 | Turnaround to Profit | | Net Profit Attributable to Shareholders | 1,704,178.16 | -26,306,899.50 | Turnaround to Profit | Consolidated Cash Flow Statement Analysis YTD net cash flow from operating activities significantly increased by 68% to 69.31 million CNY due to higher sales receipts, while investing activities resulted in a 9.93 million CNY net outflow and financing activities a 65.99 million CNY net outflow Consolidated Cash Flow Statement Highlights | Cash Flow Statement Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 69,310,330.73 | 41,255,735.54 | +68.00% | | Net Cash Flow from Investing Activities | -9,925,138.58 | -21,949,448.07 | Net Outflow Decreased | | Net Cash Flow from Financing Activities | -65,988,889.25 | -70,177,841.86 | Net Outflow Decreased | | Net Increase in Cash and Cash Equivalents | -5,311,466.65 | -49,451,986.85 | Net Decrease Narrowed | | Cash and Cash Equivalents at Period-End | 71,488,712.37 | 71,537,692.09 | Largely Unchanged | Audit Opinion This quarterly report is unaudited - The company's 2024 third-quarter report is unaudited[22]