冠豪高新(600433) - 2022 Q3 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators Q3 2022 saw strong performance with 197.39% net profit growth, YTD revenue up 8.14%, net profit up 30.57%, but net operating cash flow declined 43.70% Core Financial Indicators for Q3 and YTD 2022 | Indicator | Current Reporting Period (Q3) | Q3 Year-on-year Change (%) | Year-to-date (YTD) | YTD Year-on-year Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 2.074 billion yuan | 18.04% | 5.889 billion yuan | 8.14% | | Net Profit Attributable to Shareholders of the Listed Company | 0.102 billion yuan | 197.39% | 0.252 billion yuan | 30.57% | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-recurring Gains and Losses | 0.099 billion yuan | 2,531.82% | 0.245 billion yuan | 375.05% | | Net Cash Flow from Operating Activities | Not applicable | Not applicable | 0.485 billion yuan | -43.70% | | Basic Earnings Per Share (yuan/share) | 0.06 | 193.84% | 0.14 | 38.77% | | Weighted Average Return on Net Assets (%) | 2.01% | 195.78% | 5.03% | 29.91% | Key Balance Sheet Indicators at Period End | Indicator | Current Period End | Change from End of Previous Year (%) | | :--- | :--- | :--- | | Total Assets | 9.724 billion yuan | 4.78% | | Owners' Equity Attributable to Shareholders of the Listed Company | 5.134 billion yuan | 2.47% | Non-recurring Gains and Losses Items and Amounts Year-to-date, the company's total non-recurring gains and losses amounted to 6.90 million yuan, primarily driven by 9.89 million yuan in government grants recognized in current profit or loss Non-recurring Gains and Losses Items for YTD 2022 | Item | Amount (yuan) | | :--- | :--- | | Government grants recognized in current profit or loss | 9,888,562.00 | | Gains or losses on disposal of non-current assets | -195,226.32 | | Other non-operating income and expenses | 2,178,817.76 | | Income tax impact | -1,937,941.87 | | Impact on minority interests (after tax) | -3,032,048.76 | | Total | 6,902,162.81 | Analysis of Major Financial Indicator Changes Significant financial changes include 137.62% increase in construction in progress, long-term borrowings eliminated, 140.14% decrease in financial expenses, and declines in operating and investing cash flows - Construction in progress significantly increased by 137.62% from the beginning of the year, primarily due to increased project investments during the period[17] - Long-term borrowings decreased by 100% from the beginning of the year, mainly due to the company's capital structure adjustments[17] - Financial expenses significantly decreased by 140.14% year-on-year, primarily due to better sales collection, reduced loan scale, and lower financing costs[20] - Net cash flow from operating activities decreased by 43.70% year-on-year, mainly due to increased cash payments for material purchases during the period[20] - Net cash flow from investing activities decreased by 152.20% year-on-year, primarily due to a decrease in matured time deposits and an increase in fixed asset purchases and time deposit investments during the period[20] Shareholder Information Shareholding Status The company had 53,250 common shareholders at period end; the top two, both state-owned legal entities and concerted parties, held a combined 38.08%, indicating a concentrated equity structure - At the end of the reporting period, the company had 53,250 common shareholders[24] Shareholding Status of Top Two Shareholders | Shareholder Name | Nature | Shareholding Percentage (%) | Relationship | | :--- | :--- | :--- | :--- | | Foshan Huaxin Development Co., Ltd. | State-owned legal entity | 20.06% | Concerted parties | | China Paper Investment Co., Ltd. | State-owned legal entity | 18.02% | Concerted parties | Other Reminders Other Important Information During the reporting period, the company had no other significant operating information requiring special attention from investors - The company had no other significant operating information requiring special attention from investors during this reporting period[27] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2022, total assets were 9.72 billion yuan, up 4.78% from year-start, driven by inventories and construction in progress; total liabilities were 2.71 billion yuan, with long-term borrowings fully repaid, optimizing capital structure Key Consolidated Balance Sheet Items (September 30, 2022) | Item | Amount (yuan) | Change from Year-Start | | :--- | :--- | :--- | | Total Assets | 9,723,603,246.41 | 4.78% | | Inventories | 1,295,787,333.21 | 57.35% | | Construction in Progress | 164,478,126.33 | 137.62% | | Total Liabilities | 2,704,776,723.97 | 14.09% | | Long-term Borrowings | - | -100.00% | | Owners' Equity Attributable to the Parent Company | 5,134,497,952.16 | 2.47% | Consolidated Income Statement For YTD 2022, total operating revenue reached 5.89 billion yuan, up 8.14% year-on-year, and net profit attributable to parent company shareholders was 0.25 billion yuan, up 30.57%, with reduced financial expenses positively impacting profit Key Consolidated Income Statement Items (YTD 2022) | Item | YTD 2022 (yuan) | YTD 2021 (yuan) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 5,889,062,800.65 | 5,445,930,343.96 | 8.14% | | Operating Profit | 384,079,485.47 | 350,752,361.14 | 9.50% | | Total Profit | 388,836,548.00 | 361,112,446.72 | 7.68% | | Net Profit | 336,169,330.54 | 314,073,714.98 | 7.04% | | Net Profit Attributable to Shareholders of the Parent Company | 251,778,744.41 | 192,823,342.35 | 30.57% | Consolidated Cash Flow Statement For YTD 2022, net operating cash flow was 0.49 billion yuan, down 43.70% due to increased payments for goods; net investing cash outflow was 0.40 billion yuan due to increased long-term asset purchases; net financing cash outflow was 0.02 billion yuan Key Consolidated Cash Flow Statement Items (YTD 2022) | Item | YTD 2022 (yuan) | YTD 2021 (yuan) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 484,924,702.43 | 861,286,637.66 | -43.70% | | Net Cash Flow from Investing Activities | -400,610,648.36 | -158,845,749.79 | -152.20% | | Net Cash Flow from Financing Activities | -15,166,011.36 | -698,535,395.85 | 97.83% | | Net Increase in Cash and Cash Equivalents | 65,789,710.57 | 1,315,631.59 | 4900.62% |