华创云信(600155) - 2023 Q3 - 季度财报

Important Disclosures This section highlights key assurances from the board, supervisors, and management, along with the report's review status and audit information Board, Supervisory Board, and Management Assurance The company's board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report - The company's board of directors, supervisory board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content, free from false records, misleading statements, or major omissions, and assume individual and joint legal liabilities[3] Report Review Status This report was approved by the company's Eighth Board of Directors' Fifth Meeting and Eighth Supervisory Board's Fourth Meeting with no objections - This report was approved by the company's Eighth Board of Directors' Fifth Meeting and Eighth Supervisory Board's Fourth Meeting, with all directors and supervisors attending and raising no objections to the report[3] Financial Information Assurance The company's head, chief accountant, and head of accounting department assure the truthfulness, accuracy, and completeness of the financial information - The company's head, chief accountant, and head of the accounting department (accounting supervisor) guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] Audit Status The financial statements for this third quarter are unaudited - Whether the third-quarter financial statements have been audited: No[3] Key Financial Data This section presents the company's main accounting data, financial indicators, non-recurring gains and losses, and explanations for significant changes Key Accounting Data and Financial Indicators The company's Q3 2023 revenue decreased by 6.47% YoY, while YTD revenue increased by 17.59% and net profit attributable to shareholders grew by 76.36% Key Accounting Data and Financial Indicators for Q3 2023 | Item | This Reporting Period (CNY) | YoY Change (%) | YTD as of Reporting Period End (CNY) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 569.31 million | -6.47 | 2.09 billion | 17.59 | | Net Profit Attributable to Shareholders of Listed Company | 18.65 million | -36.64 | 333.19 million | 76.36 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | 19.15 million | -41.33 | 322.47 million | 72.42 | | Net Cash Flow from Operating Activities | N/A | N/A | 1.64 billion | 28.57 | | Basic Earnings Per Share (CNY/share) | 0.01 | -50.00 | 0.15 | 36.36 | | Diluted Earnings Per Share (CNY/share) | 0.01 | -50.00 | 0.15 | 36.36 | | Weighted Average Return on Net Assets (%) | 0.10 | decreased by 0.08 percentage points | 1.71 | increased by 0.55 percentage points | Balance Sheet Indicators as of Q3 2023 End | Item | As of Reporting Period End (CNY) | Change from Prior Year-End (%) | | :--- | :--- | :--- | | Total Assets | 50.25 billion | -4.65 | | Owners' Equity Attributable to Shareholders of Listed Company | 19.62 billion | 0.50 | - The company implemented the accounting treatment for deferred income tax as per "Interpretation No. 16 of Accounting Standards for Business Enterprises" this year[5] Non-Recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled -495,382.44 CNY for the quarter and 10,720,123.86 CNY YTD, including government subsidies and fair value changes Non-Recurring Gains and Losses Items and Amounts | Item | Amount for This Reporting Period (CNY) | YTD Amount as of Reporting Period End (CNY) | | :--- | :--- | :--- | | Gains or Losses from Disposal of Non-Current Assets | 69,673.68 | 150,826.98 | | Government Subsidies Included in Current Profit and Loss | 128,523.04 | 6.02 million | | Gains or Losses from Changes in Fair Value and Investment Income | 205,814.30 | 186,729.50 | | Other Non-Operating Income and Expenses | -1.33 million | -1.77 million | | Other Gains and Losses Meeting the Definition of Non-Recurring | 253,130.14 | 9.58 million | | Less: Income Tax Impact | -227,912.89 | 3.47 million | | Minority Interest Impact (After Tax) | 46,990.55 | -20,465.24 | | Total | -495,382.44 | 10.72 million | Reasons for Changes in Key Accounting Data and Financial Indicators Q3 net profit declined due to capital market fluctuations, while YTD net profit significantly increased driven by financial asset investment and fair value gains - Net profit attributable to shareholders and net profit excluding non-recurring gains and losses for this reporting period decreased by 36.64% and 41.33% respectively, primarily due to the impact of capital market fluctuations, leading to a year-on-year decrease in the company's Q3 handling fees and commissions[7] - Year-to-date as of the reporting period end, net profit attributable to shareholders and net profit excluding non-recurring gains and losses increased by 76.36% and 72.42% respectively, mainly due to a significant increase in the company's investment income from financial assets and fair value change gains[7] Shareholder Information This section details the total number of common shareholders and the top ten shareholders' holdings, including their nature, share counts, and pledge/freeze status Total Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the reporting period end, the company had 84,112 common shareholders, with New Hope Chemical Investment Co., Ltd. being the largest shareholder at 5.35% - The total number of common shareholders at the end of the reporting period was 84,112 accounts[9] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Holding Percentage (%) | Share Status | Pledged, Marked, or Frozen Shares | | :--- | :--- | :--- | :--- | :--- | :--- | | New Hope Chemical Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 120.94 million shares | 5.35 | Frozen | 4.50 million shares | | Shanghai Shanrong Industrial Co., Ltd. | Domestic Non-State-Owned Legal Person | 118.64 million shares | 5.25 | Pledged | 118.64 million shares | | Southern Hope Industrial Co., Ltd. | Domestic Non-State-Owned Legal Person | 111.52 million shares | 4.93 | None | 0 | | Guizhou Modern Logistics Industry (Group) Co., Ltd. | State-Owned Legal Person | 108.01 million shares | 4.78 | Pledged | 43.00 million shares | | China Kweichow Moutai Distillery (Group) Co., Ltd. | State-Owned Legal Person | 89.78 million shares | 3.97 | None | 0 | | Guizhou Panjiang Refined Coal Co., Ltd. | State-Owned Legal Person | 71.57 million shares | 3.16 | None | 0 | | Shenzhen Qianhai Hefeng Zhengze Asset Management Co., Ltd. - Hefeng Diversified Investment Phase II Private Securities Investment Fund | Other | 60.55 million shares | 2.68 | None | 0 | | Shenzhen Qianhai Qixiang Investment Industrial Co., Ltd. | Domestic Non-State-Owned Legal Person | 51.72 million shares | 2.29 | None | 0 | | Generali Asset Management - ICBC - Generali Asset - Zhuoyue Fengye No. 36 Asset Management Product | Other | 51.72 million shares | 2.29 | None | 0 | | Huachuang Yang'an Co., Ltd. - Third Employee Stock Ownership Plan | Other | 49.41 million shares | 2.19 | None | 0 | - New Hope Chemical Investment Co., Ltd., Southern Hope Industrial Co., Ltd., and Lhasa Economic and Technological Development Zone Beishuo Investment Center (Limited Partnership) have a concerted action relationship[10] - As of the end of this reporting period, the company's special securities account for share repurchase held 78,234,868 shares, accounting for 3.46% of the company's total share capital[10] Other Reminders This section covers ongoing regulatory approvals, recent board and management changes, company name change, and details of share issuance and repurchase activities Pacific Securities Shareholder Qualification Approval The CSRC has accepted Pacific Securities' application for a change in major shareholders, and Huachuang Securities is actively communicating with regulators - The China Securities Regulatory Commission (CSRC) has legally accepted Pacific Securities' application for a change in major shareholders or actual controller, and Huachuang Securities is actively communicating with regulatory authorities to promote shareholder qualification approval; the aforementioned shares have not yet completed transfer procedures[11] Company Board and Supervisory Board Re-election The company completed the re-election of its board, supervisory board, and management in April 2023, aiming to enhance governance and decision-making - The company legally and compliantly completed the re-election of its board of directors, supervisory board, and management in April 2023, electing the Eighth Board of Directors, Supervisory Board, and management, with an optimized member structure conducive to further enhancing the board's standardized operation, better leveraging the decision-making, supervision, and advisory roles of independent directors, and improving the quality and level of board decisions[11] Company Name Change The company name changed to 'Huachuang Yunnxin Digital Technology Co., Ltd.' and its stock abbreviation to 'Huachuang Yunxin' effective May 25, 2023 - The company's business has transitioned from traditional securities business to digital technology and digital finance, and its name has been changed to "Huachuang Yunnxin Digital Technology Co., Ltd."; the stock abbreviation changed from "Huachuang Yang'an" to "Huachuang Yunxin" effective May 25, 2023, with the stock code "600155" remaining unchanged[11] Non-Public Issuance of Shares Listed for Trading 521,866,994 non-publicly issued shares were listed for trading on May 11, 2023, raising 3.03 billion CNY at 5.80 CNY per share - The company non-publicly issued 521,866,994 new shares at an issue price of 5.80 CNY per share, raising a total of 3.03 billion CNY; these non-publicly issued shares were listed for trading on May 11, 2023[11] Fifth Share Repurchase The company completed its fifth share repurchase by September 28, 2023, repurchasing 41.24 million shares for 304.54 million CNY - As of September 28, 2023, the company had cumulatively repurchased 41,241,103 shares at an average repurchase price of 7.38 CNY per share, with a total repurchase amount of 304.54 million CNY (excluding commissions, transfer fees, and other transaction costs), completing the repurchase implementation[11] Quarterly Financial Statements This section provides the unaudited consolidated balance sheet, income statement, and cash flow statement for Huachuang Yunxin Digital Technology Co., Ltd. as of Q3 2023 Type of Audit Opinion The financial statements for this quarter are unaudited - Type of audit opinion: Unaudited[12] Financial Statements This section presents the unaudited consolidated balance sheet, income statement, and cash flow statement for Huachuang Yunxin Digital Technology Co., Ltd. as of September 30, 2023 Consolidated Balance Sheet As of September 30, 2023, total assets were 50.25 billion CNY, total liabilities 30.54 billion CNY, and owners' equity attributable to the parent company 19.62 billion CNY Key Consolidated Balance Sheet Data (As of September 30, 2023) | Item | September 30, 2023 (CNY) | December 31, 2022 (CNY) | | :--- | :--- | :--- | | Total Assets | 50.25 billion | 52.70 billion | | Total Liabilities | 30.54 billion | 33.10 billion | | Total Owners' Equity Attributable to Parent Company | 19.62 billion | 19.52 billion | - Cash and bank balances decreased from 8.29 billion CNY at the end of 2022 to 7.24 billion CNY as of September 30, 2023, with a slight reduction in customer deposits[13] - Trading financial assets decreased from 25.09 billion CNY at the end of 2022 to 23.44 billion CNY as of September 30, 2023[13] - Short-term financing payable significantly increased from 57 million CNY at the end of 2022 to 1.56 billion CNY as of September 30, 2023[14] - Bonds payable decreased from 11.55 billion CNY at the end of 2022 to 7.57 billion CNY as of September 30, 2023[14] Consolidated Income Statement YTD Q3 2023 total operating revenue increased by 17.59% to 2.09 billion CNY, and net profit attributable to parent company shareholders surged by 76.36% to 333.19 million CNY Key Consolidated Income Statement Data (YTD Q3 2023) | Item | YTD Q3 2023 (CNY) | YTD Q3 2022 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 2.09 billion | 1.78 billion | 17.59 | | Net Profit Attributable to Parent Company Shareholders | 333.19 million | 188.93 million | 76.36 | | Investment Income | 1.01 billion | 807.84 million | 24.81 | | Gains or Losses from Changes in Fair Value | 216.38 million | -215.07 million | reversed from loss to profit | | Operating Profit | 483.42 million | 287.81 million | 67.97 | | Basic Earnings Per Share (CNY/share) | 0.15 | 0.11 | 36.36 | - Net fee and commission income decreased year-on-year from 1.16 billion CNY in YTD Q3 2022 to 1.03 billion CNY in YTD Q3 2023[16] - Business and management expenses increased from 1.44 billion CNY in YTD Q3 2022 to 1.66 billion CNY in YTD Q3 2023[16] Consolidated Cash Flow Statement YTD Q3 2023 net cash flow from operating activities was 1.64 billion CNY, up 28.57% YoY, while net cash flow from financing activities showed a significant outflow of 3.06 billion CNY Key Consolidated Cash Flow Statement Data (YTD Q3 2023) | Item | YTD Q3 2023 (CNY) | YTD Q3 2022 (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1.64 billion | 1.27 billion | 28.57% | | Net Cash Flow from Investing Activities | 316.47 million | -521.83 million | reversed from negative to positive | | Net Cash Flow from Financing Activities | -3.06 billion | -608.01 million | net outflow expanded | | Net Increase in Cash and Cash Equivalents | -1.11 billion | 144.57 million | reversed from positive to negative | | Cash and Cash Equivalents at Period End | 9.12 billion | 10.74 billion | decreased | - Cash paid for debt repayment increased from 4.91 billion CNY in YTD Q3 2022 to 6.79 billion CNY in YTD Q3 2023[20] - Cash received from bond issuance was 4.54 billion CNY, slightly lower than 4.98 billion CNY in the same period last year[20] Implementation of New Accounting Standards This section details the company's first-time adoption of 'Interpretation No. 16 of Accounting Standards for Business Enterprises' regarding deferred income tax accounting Adjustment Explanation The company retrospectively adjusted its December 31, 2022 balance sheet items due to the first-time adoption of new accounting standards for deferred income tax - In accordance with the provisions of the Ministry of Finance's "Interpretation No. 16 of Accounting Standards for Business Enterprises" (Cai Kuai [2022] No. 31), the company adjusted relevant items in its balance sheet[21] Balance Sheet Item Adjustments as of December 31, 2022 | Balance Sheet Item | Before Change (CNY) | Cumulative Impact Amount (CNY) | After Change (CNY) | | :--- | :--- | :--- | :--- | | Deferred Income Tax Assets | 366.51 million | 42.88 million | 409.40 million | | Deferred Income Tax Liabilities | 72.89 million | 42.65 million | 115.54 million | | General Risk Reserve | 1.05 billion | 46,944.80 | 1.05 billion | | Retained Earnings | 769.23 million | 187,779.23 | 769.42 million |