中船科技(600072) - 2021 Q3 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators In the first three quarters of 2021, the company's operating revenue grew by 76.84%, and net profit attributable to shareholders of the parent company increased significantly by 479.11%; however, Q3 net profit attributable to shareholders of the parent company decreased by 18.84% year-on-year, while total assets slightly declined by 2.05% from the end of the previous year Key Financial Indicators for the First Three Quarters of 2021 | Indicator | Year-to-Date (Yuan) | YoY Change (%) | Current Period (Q3) (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,922,465,616.53 | 76.84% | 815,237,644.15 | 76.39% | | Net Profit Attributable to Shareholders of Listed Company | 84,339,453.24 | 479.11% | 8,604,623.30 | -18.84% | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-recurring Gains and Losses | 74,321,851.04 | 545.77% | 5,178,164.31 | -48.83% | | Basic Earnings Per Share (Yuan/share) | 0.115 | 475.00% | 0.012 | -20.00% | | Weighted Average Return on Net Assets | 2.15% | Increased by 1.77 percentage points | 0.23% | Decreased by 0.054 percentage points | | Net Cash Flow from Operating Activities | 218,972,257.29 | Not applicable | Not applicable | Not applicable | Key Balance Sheet Indicators at Period End | Indicator | At Period End (Yuan) | Change from End of Previous Year (%) | | :--- | :--- | :--- | | Total Assets | 8,866,402,035.28 | -2.05% | | Total Equity Attributable to Shareholders of Listed Company | 3,960,368,212.76 | 0.94% | Non-recurring Gains and Losses In the first three quarters of 2021, the company's total non-recurring gains and losses amounted to 10.02 million Yuan, primarily from government grants and entrusted investment gains, while certain entrusted loan interest income related to core business was classified as recurring gains - Year-to-date, total non-recurring gains and losses amounted to 10,017,602.20 Yuan, primarily comprising government grants (7.67 million Yuan) and entrusted investment gains (2.98 million Yuan)[6][8] - The company classified 30,047,169.82 Yuan in interest income from entrusted loans provided by its subsidiary, CSIC No. 9 Institute, for general contracting projects as recurring gains and losses, due to its direct relevance to core business and recurring nature[9] Analysis of Changes in Key Financial Indicators Reported period's significant financial indicator changes primarily stem from business recovery and specific operational adjustments, including a substantial increase in operating revenue due to a low base from prior year's pandemic impact, full repayment of short-term borrowings, reclassification of long-term debt, and a significant rise in cash outflow for investments in short-term wealth management products - Operating revenue increased by 76.84% year-on-year, primarily because the subsidiary CSIC No. 9 Institute was unable to fully commence operations in the prior period due to the pandemic, while this period saw less impact, leading to increased project workload and output[12] - Short-term borrowings decreased by 100% as subsidiary CSIC No. 9 Institute repaid all short-term borrowings this period; concurrently, non-current liabilities due within one year increased by 162.06% and long-term borrowings decreased by 68.99%, mainly due to reclassification of long-term borrowings nearing maturity[10] - Cash paid for investments significantly increased by 833,160.24%, primarily due to subsidiary CSIC No. 9 Institute's increased purchases of short-term entrusted wealth management products this period, a business not present in the prior period[12] Shareholder Information Shareholding Status As of the end of the reporting period, the company had 100,151 common shareholders, with the top two shareholders, China State Shipbuilding Corporation Limited and Jiangnan Shipyard (Group) Co., Ltd., both state-owned legal entities and parties acting in concert, collectively holding over 41% - At the end of the reporting period, the company had a total of 100,151 common shareholders[13] Top Ten Shareholders' Shareholding Information | Shareholder Name | Nature of Shareholding | Number of Shares Held | Shareholding Percentage (%) | | :--- | :--- | :--- | :--- | | China State Shipbuilding Corporation Limited | State-owned Legal Entity | 275,204,726 | 37.38 | | Jiangnan Shipyard (Group) Co., Ltd. | State-owned Legal Entity | 28,727,521 | 3.90 | | Cai Jue | Unknown | 4,925,080 | 0.67 | | Bank of Communications...GF CSI Infrastructure Engineering ETF | Unknown | 4,747,500 | 0.64 | | Hong Kong Securities Clearing Company Limited | Unknown | 3,739,978 | 0.51 | - The top two shareholders, China State Shipbuilding Corporation Limited and Jiangnan Shipyard (Group) Co., Ltd., are parties acting in concert[14] Other Significant Matters Key Information on Business Operations During the reporting period, the company advanced two asset divestiture plans and terminated a fundraising project, including the ongoing public transfer of 100% equity in Jiangnan Deruisi Company and 10% equity in CSIC Sunshine Investment Company, and the termination of the Changshu Meili Urban-Rural Integration Project with remaining funds permanently supplementing working capital, approved by the shareholders' meeting - The company continues to advance the public listing for transfer of 100% equity in Jiangnan Deruisi (Nantong) Marine Equipment Manufacturing Co., Ltd., a wholly-owned subsidiary of CSIC Huahai, which remains listed as of the report date[16][17] - The company's wholly-owned subsidiary, CSIC No. 9 Institute, is publicly listing for transfer 10% equity in Xuzhou CSIC Sunshine Investment Development Co., Ltd., which remains listed as of the report date[18] - The company's shareholders' meeting approved on September 13, 2021, the termination of the Changshu Meili Urban-Rural Integration fundraising project and the permanent supplement of working capital with the remaining raised funds[19] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2021, the company's total assets were 8.87 billion Yuan, a 2.05% decrease from the beginning of the year; total liabilities were 4.58 billion Yuan, a 4.57% decrease; and total equity attributable to the parent company was 3.96 billion Yuan, a 0.94% increase, indicating a stable balance sheet structure with reduced liabilities Key Items of Consolidated Balance Sheet (September 30, 2021) | Item | September 30, 2021 (Yuan) | December 31, 2020 (Yuan) | | :--- | :--- | :--- | | Total Assets | 8,866,402,035.28 | 9,052,054,033.92 | | Total Liabilities | 4,580,454,909.16 | 4,799,879,425.75 | | Total Equity Attributable to Parent Company Shareholders | 3,960,368,212.76 | 3,923,608,083.05 | | Total Equity | 4,285,947,126.12 | 4,252,174,608.17 | Consolidated Income Statement In the first three quarters of 2021, the company achieved total operating revenue of 1.92 billion Yuan, a 76.84% year-on-year increase, and net profit attributable to parent company shareholders of 84.34 million Yuan, a 479.11% increase, primarily driven by a low base from the prior year's pandemic impact and full business recovery this period Key Items of Consolidated Income Statement (First Three Quarters of 2021) | Item | First Three Quarters of 2021 (Yuan) | First Three Quarters of 2020 (Yuan) | | :--- | :--- | :--- | | I. Total Operating Revenue | 1,922,465,616.53 | 1,087,134,541.88 | | II. Total Operating Costs | 1,856,586,877.64 | 1,096,041,272.21 | | III. Operating Profit | 92,083,414.27 | 15,896,939.27 | | IV. Total Profit | 93,350,683.27 | 12,555,680.99 | | Net Profit Attributable to Parent Company Shareholders | 84,339,453.24 | 14,563,637.51 | Consolidated Cash Flow Statement In the first three quarters of 2021, net cash flow from operating activities turned positive at 219 million Yuan, indicating improved core business cash generation; net cash outflow from investing activities was 232 million Yuan, mainly for wealth management products; net cash outflow from financing activities was 536 million Yuan, primarily for debt repayment; and cash and cash equivalents decreased by 549 million Yuan from the period's beginning Key Items of Consolidated Cash Flow Statement (First Three Quarters of 2021) | Item | First Three Quarters of 2021 (Yuan) | First Three Quarters of 2020 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 218,972,257.29 | -352,823,810.84 | | Net Cash Flow from Investing Activities | -232,127,554.15 | 58,039,621.15 | | Net Cash Flow from Financing Activities | -535,893,075.70 | 35,535,462.70 | | Net Increase in Cash and Cash Equivalents | -549,263,637.51 | -258,756,397.67 | | Cash and Cash Equivalents at Period End | 1,132,716,193.28 | 1,039,328,077.84 |