惠伦晶体(300460) - 2024 Q1 - 季度财报(更正)

Core Financial Data This section provides an overview of the company's key financial performance indicators, non-recurring gains and losses, and significant changes in financial metrics with their underlying causes Overview of Key Financial Indicators In Q1 2024, operating revenue grew by 124.08% to 132 million yuan, and net loss attributable to shareholders narrowed significantly by 77.74% to 9.2 million yuan Key Financial Indicators for Q1 2024 | Indicator | Current Period (Yuan) | Prior Period (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 132,298,289.01 | 59,041,160.28 | 124.08% | | Net Profit Attributable to Shareholders | -9,196,623.46 | -41,313,088.79 | 77.74% | | Net Profit Excluding Non-recurring Items | -11,120,099.55 | -42,224,770.03 | 73.66% | | Net Cash Flow from Operating Activities | 5,677,296.43 | 4,018,609.36 | 41.28% | | Basic Earnings Per Share (Yuan/share) | -0.03 | -0.1471 | 79.61% | | Total Assets (Period-end) | 1,734,885,527.63 | 1,782,210,443.43 (Prior Year-end) | -2.66% | | Owners' Equity Attributable to Shareholders (Period-end) | 815,192,399.58 | 888,850,227.80 (Prior Year-end) | -8.29% | Analysis of Non-recurring Gains and Losses During the reporting period, total non-recurring gains and losses amounted to 1.923 million yuan, primarily from government subsidies, positively impacting current net profit Details of Non-recurring Gains and Losses | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Government Subsidies Included in Current Profit/Loss | 2,243,768.24 | | Other Non-operating Income and Expenses | 20,312.06 | | Less: Income Tax Impact | 339,612.05 | | Less: Impact on Minority Interests (After Tax) | 992.16 | | Total | 1,923,476.09 | Analysis of Significant Changes in Financial Indicators and Their Causes Several financial indicators showed significant changes this period, with operating revenue surging due to increased sales, prepayments and notes payable rising, and sales and financial expenses decreasing due to reduced advertising and increased exchange gains - Operating revenue increased by 124.08% year-on-year, primarily due to increased product sales[14] - Prepayments significantly increased by 382.29% from the beginning of the period, mainly due to increased advance payments for raw materials[9] - Notes payable increased by 167.43% from the beginning of the period, primarily due to the company's new domestic letters of credit[11] - Selling expenses decreased by 34.12% year-on-year, mainly due to reduced advertising and service fees[16] - Financial expenses decreased by 31.75% year-on-year, primarily due to increased exchange gains[17] Shareholder Structure and Shareholding This section details the company's shareholder composition, including the total number of shareholders and the holdings of its top ten shareholders Major Shareholder Holdings As of the reporting period end, the company had 29,533 common shareholders, with Xinjiang Huilun Equity Investment Partnership as the largest shareholder at 14.36%, acting in concert with controlling shareholder Zhao Jiqing, and the top three shareholders having pledged shares - As of the end of the reporting period, the company had 29,533 common shareholders[25] Top Ten Shareholders' Shareholding (Summary) | Shareholder Name | Shareholding Percentage (%) | Number of Shares Held | Pledged/Frozen Status | | :--- | :--- | :--- | :--- | | Xinjiang Huilun Equity Investment Partnership | 14.36% | 40,327,380 | Pledged/Frozen | | Zhao Jiqing | 5.34% | 15,000,000 | Pledged | | Shijin International Co., Ltd. | 3.23% | 9,079,723 | Pledged | | Hong Kong Tongying Investment Co., Ltd. | 1.97% | 5,531,238 | Not Applicable | | Dacheng CSI 360 Internet+ Big Data 100 Index Fund | 0.85% | 2,393,329 | Not Applicable | - The largest shareholder, Xinjiang Huilun Equity Investment Partnership (Limited Partnership), and the actual controller, Mr. Zhao Jiqing, are parties acting in concert[26] Other Significant Matters The company disclosed an ongoing significant equity change where controlling shareholder Xinjiang Huilun plans to transfer 10% of shares, potentially altering the controlling shareholder and actual controller, with the matter still in progress - Controlling shareholder Xinjiang Huilun signed a Share Transfer Intent Agreement with Huang Tiange on November 30, 2023, intending to transfer 10% of the company's shares (28,080,425 shares)[28] - This share transfer may lead to a change in the company's controlling shareholder and actual controller; as of the report disclosure date, the matter is progressing, and the transferee has paid a 50 million yuan earnest deposit[28] Financial Statements This section presents the company's consolidated financial statements, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of March 31, 2024, total assets were 1.735 billion yuan, total liabilities 919 million yuan (debt-to-asset ratio 52.95%), and owners' equity attributable to parent company 815 million yuan, with current assets increasing due to higher accounts receivable and inventory Consolidated Balance Sheet Key Items (Unit: Yuan) | Item | Period-end Balance (2024-03-31) | Period-start Balance (2023-12-31) | | :--- | :--- | :--- | | Total Assets | 1,734,885,527.63 | 1,721,906,206.72 | | Total Current Assets | 640,219,836.87 | 604,184,208.24 | | Total Non-current Assets | 1,094,665,690.76 | 1,117,721,998.48 | | Total Liabilities | 918,599,523.12 | 896,200,036.13 | | Total Current Liabilities | 591,797,138.09 | 558,314,758.57 | | Total Non-current Liabilities | 326,802,385.03 | 337,885,277.56 | | Total Owners' Equity | 816,286,004.51 | 825,706,170.59 | | Total Owners' Equity Attributable to Parent Company | 815,192,399.58 | 824,389,023.04 | Consolidated Income Statement In Q1 2024, operating revenue reached 132 million yuan, up 124.08%, with cost of sales at 109 million yuan, up 63.77%, improving gross margin; effective control over selling and financial expenses, combined with revenue growth, narrowed operating loss to 12.51 million yuan and net loss attributable to parent to 9.2 million yuan Consolidated Income Statement Key Items (Unit: Yuan) | Item | Amount for Current Period | Amount for Prior Period | | :--- | :--- | :--- | | I. Total Operating Revenue | 132,298,289.01 | 59,041,160.28 | | II. Total Operating Costs | 144,797,919.12 | 108,026,570.24 | | Including: Cost of Sales | 109,010,313.85 | 66,562,367.97 | | Selling Expenses | 5,216,724.13 | 7,919,079.53 | | Administrative Expenses | 13,980,762.12 | 14,772,680.80 | | Research and Development Expenses | 9,673,066.86 | 8,697,323.31 | | Financial Expenses | 6,524,534.33 | 9,560,136.86 | | III. Operating Profit | -12,509,415.40 | -41,325,535.33 | | V. Net Profit | -9,420,166.08 | -41,313,088.79 | | Net Profit Attributable to Owners of the Parent Company | -9,196,623.46 | -41,313,088.79 | | VIII. Basic Earnings Per Share | -0.03 | -0.1471 | Consolidated Cash Flow Statement During the period, net cash flow from operating activities was 5.68 million yuan, indicating improved core business cash generation; net cash outflow from investing activities was 12.99 million yuan, and from financing activities was 11.06 million yuan, resulting in a period-end cash and cash equivalents balance of 59.57 million yuan Consolidated Cash Flow Statement Key Items (Unit: Yuan) | Item | Amount for Current Period | Amount for Prior Period | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 5,677,296.43 | 4,018,609.36 | | Net Cash Flow from Investing Activities | -12,987,170.03 | -17,487,154.79 | | Net Cash Flow from Financing Activities | -11,063,660.48 | 71,978,939.07 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 1,138,740.88 | -634,316.53 | | Net Increase in Cash and Cash Equivalents | -17,234,793.20 | 57,876,077.11 | | Cash and Cash Equivalents at End of Period | 59,565,385.82 | 105,350,175.64 | Audit Opinion The company's Q1 2024 report is unaudited - The company's first-quarter report is unaudited[39]