廊坊发展(600149) - 2023 Q3 - 季度财报

Important Reminders The company's board, supervisory board, and senior management guarantee the report's integrity, while noting that the financial statements remain unaudited - 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 responsibility[3] - The financial statements for this reporting period are unaudited[4] Key Financial Data The company experienced a year-on-year decline in revenue and persistent net losses, alongside a reduction in total assets and owner's equity Key Accounting Data and Financial Indicators The company's Q3 and year-to-date operating revenue declined, with net profit attributable to shareholders remaining negative, and total assets decreased Key Accounting Data and Financial Indicators (Unit: RMB Yuan) | Item | Current Reporting Period | YoY Change (%) for Current Reporting Period | Year-to-Date | YoY Change (%) for Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 11,147,411.43 | -48.96 | 109,555,887.26 | -2.45 | | Net Profit Attributable to Shareholders of Listed Company | -5,073,813.12 | Not applicable | -12,136,951.05 | Not applicable | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | -5,271,027.10 | Not applicable | -12,865,233.70 | Not applicable | | Net Cash Flow from Operating Activities | Not applicable | Not applicable | -62,608,611.25 | Not applicable | | Basic Earnings Per Share (Yuan/share) | -0.013 | Not applicable | -0.032 | Not applicable | | Diluted Earnings Per Share (Yuan/share) | -0.013 | Not applicable | -0.032 | Not applicable | | Weighted Average Return on Net Assets (%) | -3.33 | Not applicable | -7.78 | Not applicable | | Item | End of Current Reporting Period | End of Previous Year | Change (%) from End of Previous Year | | | Total Assets | 553,248,700.18 | 657,727,164.59 | -15.88 | | | Owner's Equity Attributable to Shareholders of Listed Company | 149,972,116.60 | 162,109,067.65 | -7.49 | | Non-Recurring Gains and Losses Items and Amounts The company recorded non-recurring gains and losses, primarily from government subsidies and fair value changes of financial assets, positively impacting net profit Non-Recurring Gains and Losses Items and Amounts (Unit: RMB Yuan) | Item | Amount for Current Reporting Period | Amount for Year-to-Date | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -2,131.92 | -3,040.28 | | Government Subsidies Included in Current Profit/Loss | 293,849.84 | 811,744.00 | | Gains/Losses from Fair Value Changes and Investment Income from Disposal of Trading Financial Assets | 235,871.22 | 936,874.40 | | Other Non-Operating Income and Expenses | 488.47 | -9,815.99 | | Less: Income Tax Impact | 105,787.60 | 280,788.18 | | Impact on Minority Shareholders' Equity (After Tax) | 225,076.03 | 726,691.30 | | Total | 197,213.98 | 728,282.65 | Changes and Reasons for Key Accounting Data and Financial Indicators Current period operating revenue significantly decreased year-on-year due to a high base from extended heating season revenue in the prior year, impacting net profit - Operating revenue for the current period decreased by 48.96% year-on-year, primarily due to a high base from 9.9322 million RMB Yuan in heating revenue recognized in the prior year due to an extended heating season[8] - Changes in net profit attributable to shareholders of the listed company and basic/diluted earnings per share were primarily influenced by the impact of operating revenue fluctuations on net profit[8] Shareholder Information The company's shareholder structure is detailed, highlighting the significant frozen stake held by its largest shareholder Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 30,014 common shareholders, with Evergrande Real Estate Group remaining the largest shareholder, whose entire stake is frozen and subject to multiple successive freezes - As of the end of the reporting period, the total number of common shareholders was 30,014[10] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Percentage (%) | Share Status | Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | | Evergrande Real Estate Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 76,032,050 | 20.00 | Frozen | 76,032,050 | | Langfang Investment Holdings Group Co., Ltd. | State-Owned Legal Person | 58,173,700 | 15.30 | None | 0 | - Evergrande Real Estate Group Co., Ltd.'s 76,032,050 shares have been frozen since July 29, 2021, and were successively frozen multiple times in March, July, August, and October 2023[11][12][13] Other Reminders The company is implementing cost-reduction measures, such as combined heat and power generation, to mitigate the impact of high coal prices on its heating business - During the reporting period, the company's heating business faced high coal prices for its primary raw material, prompting cost reduction measures like combined heat and power generation to counter the adverse effects of rising coal prices[14] Quarterly Financial Statements This section presents the unaudited quarterly financial statements, encompassing the consolidated balance sheet, income statement, and cash flow statement Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[15] Consolidated Balance Sheet As of September 30, 2023, total assets and liabilities decreased from year-end 2022, with a significant drop in cash and an increase in trading financial assets Consolidated Balance Sheet Key Data (Unit: RMB Yuan) | Item | September 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Cash and Cash Equivalents | 47,638,399.54 | 136,706,556.91 | | Trading Financial Assets | 30,870,000.00 | 16,800,000.00 | | Total Current Assets | 112,785,351.65 | 194,134,435.71 | | Total Non-Current Assets | 440,463,348.53 | 463,592,728.88 | | Total Assets | 553,248,700.18 | 657,727,164.59 | | Total Current Liabilities | 182,573,471.78 | 237,416,480.83 | | Total Non-Current Liabilities | 141,799,096.65 | 172,904,886.50 | | Total Liabilities | 324,372,568.43 | 410,321,367.33 | | Total Owner's Equity Attributable to Parent Company | 149,972,116.60 | 162,109,067.65 | | Total Owner's Equity | 228,876,131.75 | 247,405,797.26 | - Cash and cash equivalents significantly decreased from 137 million RMB Yuan at year-end 2022 to 48 million RMB Yuan at September 30, 2023[15] - Contract liabilities significantly decreased from 77.56 million RMB Yuan at year-end 2022 to 22.75 million RMB Yuan at September 30, 2023[16] Consolidated Income Statement In Q1-Q3 2023, total operating revenue slightly decreased, and total operating costs were controlled, yet the company continued to report operating and net losses, with the net loss attributable to parent company shareholders expanding year-on-year Consolidated Income Statement Key Data (Unit: RMB Yuan) | Item | Q1-Q3 2023 (Jan-Sep) | Q1-Q3 2022 (Jan-Sep) | | :--- | :--- | :--- | | Total Operating Revenue | 109,555,887.26 | 112,308,752.28 | | Total Operating Costs | 125,862,949.97 | 129,297,151.48 | | Operating Profit | -14,366,001.82 | -13,539,518.53 | | Total Profit | -14,378,858.09 | -13,870,279.05 | | Net Profit | -14,729,665.51 | -14,171,468.52 | | Net Profit Attributable to Parent Company Shareholders | -12,136,951.05 | -11,372,803.99 | | Basic Earnings Per Share (Yuan/share) | -0.032 | -0.030 | | Diluted Earnings Per Share (Yuan/share) | -0.032 | -0.030 | - Research and development expenses significantly increased from 0.4092 million RMB Yuan in Q1-Q3 2022 to 1.2583 million RMB Yuan in Q1-Q3 2023, representing a growth of over 200%[19] Consolidated Cash Flow Statement In Q1-Q3 2023, net cash flow from operating activities remained negative, investment outflows decreased, but financing cash flow turned negative, leading to a significant drop in net increase in cash and cash equivalents and a reduced ending balance Consolidated Cash Flow Statement Key Data (Unit: RMB Yuan) | Item | Q1-Q3 2023 (Jan-Sep) | Q1-Q3 2022 (Jan-Sep) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -62,608,611.25 | -59,618,361.94 | | Net Cash Flow from Investing Activities | -16,269,931.86 | -42,469,614.35 | | Net Cash Flow from Financing Activities | -9,471,186.59 | 31,502,544.27 | | Net Increase in Cash and Cash Equivalents | -88,349,729.70 | -70,585,432.02 | | Ending Balance of Cash and Cash Equivalents | 27,598,960.08 | 53,264,257.74 | - Net cash flow from financing activities shifted from a 31.50 million RMB Yuan net inflow in Q1-Q3 2022 to a 9.47 million RMB Yuan net outflow in Q1-Q3 2023[22] - The ending balance of cash and cash equivalents decreased from 53.26 million RMB Yuan in Q1-Q3 2022 to 27.60 million RMB Yuan in Q1-Q3 2023[22]