Important Content Notice The company's board, supervisory board, and senior management guarantee the accuracy and completeness of the quarterly report, with financial information verified by key personnel - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility23 - The company's responsible person, the person in charge of accounting work, and the head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report4 - The third-quarter financial statements are unaudited5 Key Financial Data The company experienced a significant decline in revenue and net profit year-over-year, while net cash flow from operating activities substantially increased Key Accounting Data and Financial Indicators Report period saw significant year-over-year declines in operating revenue and net profit attributable to shareholders, while net cash flow from operating activities increased substantially, with total assets and equity slightly growing by period-end 2022 Q3 and YTD Key Financial Indicators | Item | Current Reporting Period (Q3 2022) | YoY Change (%) | YTD (Year-to-Date 2022) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 128,472,824.01 | -14.80 | 355,773,270.82 | -37.30 | | Net Profit Attributable to Shareholders of the Listed Company (CNY) | 4,960,827.66 | N/A | 13,848,075.78 | -49.92 | | Net Profit Attributable to Shareholders of the Listed Company, Excluding Non-recurring Gains and Losses (CNY) | 3,974,405.54 | -21.02 | -269,426.25 | -179.21 | | Net Cash Flow from Operating Activities (CNY) | N/A | N/A | 165,456,514.65 | 295.60 | | Basic Earnings Per Share (EPS) (CNY/share) | 0.006 | N/A | 0.018 | -50.00 | | Diluted Earnings Per Share (EPS) (CNY/share) | 0.006 | N/A | 0.018 | -50.00 | | Weighted Average Return on Net Assets (ROE) (%) | 0.50 | 0.73 | 1.40 | -1.50 | 2022 Q3 End Balance Sheet Indicators | Item | As of Current Reporting Period End (2022-09-30) | As of Prior Year End (2021-12-31) | Change from Prior Year End (%) | | :--- | :--- | :--- | :--- | | Total Assets (CNY) | 1,237,614,476.99 | 1,233,195,014.65 | 0.36 | | Total Equity Attributable to Shareholders of the Listed Company (CNY) | 994,501,829.01 | 981,007,502.03 | 1.38 | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses primarily stemmed from government grants, disposal of non-current assets, and fair value changes of financial assets, positively contributing to net profit Non-recurring Gains and Losses Items and Amounts | Item | Amount for Current Reporting Period (CNY) | Amount YTD (Year-to-Date) (CNY) | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 146,234.80 | 133,886.27 | | Government Grants Recognized in Current Period P&L | 2,438,498.49 | 6,516,642.64 | | Gains/Losses from Fair Value Changes of Financial Assets Held for Trading, Derivative Financial Assets, etc., and Investment Income | -752,745.70 | 9,695,604.53 | | Other Non-operating Income and Expenses Apart from the Above | 25,140.73 | 531,417.36 | | Less: Income Tax Impact | -245,987.35 | 816,766.39 | | Impact on Minority Interests (After Tax) | 1,116,693.55 | 1,943,282.38 | | Total | 986,422.12 | 14,117,502.03 | Reasons for Changes in Key Accounting Data and Financial Indicators The decline in operating revenue and net profit was primarily due to a significant decrease in sales volume, while the substantial increase in net cash flow from operating activities resulted from receivable recovery and VAT refunds - YTD operating revenue decreased by 37.30% year-over-year, mainly due to a significant decrease in sales volume11 - YTD net profit attributable to shareholders of the listed company decreased by 49.92% year-over-year, primarily due to lower sales volume, reduced fair value change gains from Huada Beidou, and decreased gains from disposal of investment properties11 - YTD net cash flow from operating activities increased by 295.60% year-over-year, mainly due to the recovery of receivables and VAT refunds received by subsidiaries11 Shareholder Information The report details the total number of common shareholders and the shareholding structure of the top ten shareholders, including pledged shares Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 71,769 common shareholders, with controlling shareholder Boda Technology Group Co., Ltd. holding 16.40% of shares, some of which are pledged, and several top ten individual shareholders holding shares through credit guarantee accounts - The total number of common shareholders at the end of the reporting period was 71,76913 Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Number of Shares Held (shares) | Shareholding Percentage (%) | Share Status | Pledged/Frozen Shares (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Boda Technology Group Co., Ltd. | Domestic Non-state Legal Person | 125,946,400 | 16.40 | Pledged | 79,500,000 | | Yang Xiaochen | Unknown | 16,076,707 | 2.09 | Unknown | 0 | | Shang Debiao | Unknown | 10,152,900 | 1.32 | Unknown | 0 | | Fenghua District Jinping Street Asset Management General Company, Ningbo City | Domestic Non-state Legal Person | 7,176,328 | 0.93 | None | 0 | | Peng Bo | Unknown | 5,208,600 | 0.68 | Unknown | 0 | | Yuan Wei | Unknown | 5,111,100 | 0.67 | Unknown | 0 | | Chen Jinggeng | Unknown | 5,020,900 | 0.65 | Unknown | 0 | | Zhejiang Hei Huang Asset Management Co., Ltd. - Hei Huang Tianyi No. 5 Private Securities Investment Fund | Unknown | 4,274,704 | 0.56 | Unknown | 0 | | Beijing Jueyan Investment Management Co., Ltd. - Jueyan Wenxing Zhiyuan Private Securities Investment Fund | Unknown | 3,895,000 | 0.51 | Unknown | 0 | | Chongqing International Trust Co., Ltd. - Hongrui No. 1 Collective Fund Trust Plan | Unknown | 3,400,000 | 0.44 | Unknown | 0 | - There is no related party relationship between the controlling shareholder and other shareholders, and the company is unaware of any related party relationships or concerted action among the other top ten shareholders14 - Several top 10 shareholders, including Yang Xiaochen, Shang Debiao, Peng Bo, Yuan Wei, and Chen Jinggeng, hold shares through credit guarantee accounts14 Other Reminders No other significant operational information requiring special attention from investors was identified during the reporting period - During the reporting period, the company had no other important operational information requiring special attention from investors15 Quarterly Financial Statements This section presents the unaudited consolidated financial statements, including the balance sheet, income statement, and cash flow statement for the reporting period Type of Audit Opinion The quarterly financial statements are unaudited - The quarterly financial statements are unaudited515 Financial Statements This section provides the company's consolidated balance sheet as of September 30, 2022, and the consolidated income statement and cash flow statement for the first three quarters of 2022, detailing its financial position, operating results, and cash flow situation Consolidated Balance Sheet As of September 30, 2022, total assets slightly increased, with changes in current asset structure, a significant rise in financial assets held for trading, and a decrease in accounts receivable and cash and cash equivalents; total liabilities decreased, and owner's equity steadily grew Consolidated Balance Sheet Key Items (September 30, 2022 vs December 31, 2021) | Item | September 30, 2022 (CNY) | December 31, 2021 (CNY) | Change Amount (CNY) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 331,419,612.73 | 383,526,370.20 | -52,106,757.47 | -13.59 | | Financial Assets Held for Trading | 452,024,957.56 | 190,494,929.87 | 261,530,027.69 | 137.29 | | Accounts Receivable | 105,068,782.05 | 180,842,487.64 | -75,773,705.59 | -41.90 | | Other Current Assets | 6,661,992.00 | 107,882,148.25 | -101,220,156.25 | -93.82 | | Total Current Assets | 973,054,928.41 | 958,986,881.85 | 14,068,046.56 | 1.47 | | Investment Properties | 127,590,263.21 | 133,883,969.98 | -6,293,706.77 | -4.70 | | Total Assets | 1,237,614,476.99 | 1,233,195,014.65 | 4,419,462.34 | 0.36 | | Short-term Borrowings | 39,678,840.55 | 15,020,934.38 | 24,657,906.17 | 164.16 | | Accounts Payable | 94,441,803.46 | 133,443,206.22 | -39,001,402.76 | -29.23 | | Total Liabilities | 199,151,335.41 | 213,089,627.97 | -13,938,292.56 | -6.54 | | Total Equity Attributable to Parent Company Shareholders | 994,501,829.01 | 981,007,502.03 | 13,494,326.98 | 1.38 | Consolidated Income Statement For the first three quarters of 2022, total operating revenue significantly decreased by 37.30% year-over-year, and net profit attributable to parent company shareholders declined by 49.92%, with financial expenses turning negative primarily due to increased interest income Consolidated Income Statement Key Items (First Three Quarters 2022 vs First Three Quarters 2021) | Item | First Three Quarters 2022 (CNY) | First Three Quarters 2021 (CNY) | Change Amount (CNY) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 355,773,270.82 | 567,431,831.44 | -211,658,560.62 | -37.30 | | Operating Cost | 313,670,764.33 | 501,280,087.02 | -187,609,322.69 | -37.43 | | Financial Expenses | -12,610,976.02 | 1,067,310.68 | -13,678,286.70 | -1281.55 | | Including: Interest Income | 2,091,240.17 | 848,674.17 | 1,242,566.00 | 146.41 | | Gains from Fair Value Changes | 804,152.27 | 7,859,169.88 | -7,055,017.61 | -89.76 | | Operating Profit | 24,703,604.28 | 38,001,111.71 | -13,297,507.43 | -34.99 | | Net Profit | 22,876,503.70 | 35,447,300.38 | -12,570,796.68 | -35.46 | | Net Profit Attributable to Parent Company Shareholders | 13,848,075.78 | 27,650,741.37 | -13,802,665.59 | -49.92 | | Basic Earnings Per Share (EPS) (CNY/share) | 0.018 | 0.036 | -0.018 | -50.00 | Consolidated Cash Flow Statement For the first three quarters of 2022, net cash flow from operating activities significantly increased by 295.60% year-over-year due to receivable recovery and tax refunds, while investing activities saw a substantial increase in cash outflows, resulting in negative net cash flow from investing activities Consolidated Cash Flow Statement Key Items (First Three Quarters 2022 vs First Three Quarters 2021) | Item | First Three Quarters 2022 (CNY) | First Three Quarters 2021 (CNY) | Change Amount (CNY) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Cash Received from Sales of Goods and Services | 464,301,518.66 | 628,400,403.84 | -164,098,885.18 | -26.11 | | Tax Refunds Received | 116,172,314.76 | 41,311,840.33 | 74,860,474.43 | 181.21 | | Net Cash Flow from Operating Activities | 165,456,514.65 | 41,824,531.54 | 123,631,983.11 | 295.60 | | Cash Received from Disposal of Investments | 249,000,000.00 | 307,590,000.00 | -58,590,000.00 | -19.05 | | Cash Paid for Investments | 512,000,000.00 | 384,783,927.00 | 127,216,073.00 | 33.06 | | Net Cash Flow from Investing Activities | -254,995,693.52 | -59,658,666.23 | -195,337,027.29 | -327.44 | | Cash Received from Borrowings | 39,678,840.55 | 0.00 | 39,678,840.55 | N/A | | Net Cash Flow from Financing Activities | 20,348,159.41 | 4,810,938.04 | 15,537,221.37 | 322.95 | | Net Increase in Cash and Cash Equivalents | -60,027,886.62 | -13,185,246.27 | -46,842,640.35 | -355.26 |
波导股份(600130) - 2022 Q3 - 季度财报