科力远(600478) - 2023 Q3 - 季度财报

Report Overview Important Notice The board, supervisory board, and senior management guarantee the quarterly report's truthfulness and completeness; financial officers assure financial data accuracy - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, assuming individual and joint legal liabilities[2] - 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 quarter are unaudited - The third-quarter financial statements are unaudited[4] Key Financial Data and Indicators Quarterly and Year-to-Date Key Financial Indicators During the reporting period, the company's operating revenue decreased by 24.51% year-on-year, and net profit attributable to shareholders significantly declined by 106.93% to a loss, with year-to-date net profit down 84.72%; net cash flow from operating activities decreased by 125.66% year-to-date, while total assets and equity attributable to shareholders increased from the prior year-end Key Financial Indicators | Item | Current Reporting Period (Q3) (CNY) | YoY Change (%) | Year-to-Date (YTD) (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 784,579,794.15 | -24.51 | 2,398,896,733.40 | 4.65 | | Net Profit Attributable to Shareholders of the Listed Company | -7,252,728.78 | -106.93 | 25,770,552.39 | -84.72 | | Net Profit Attributable to Shareholders of the Listed Company, Excluding Non-Recurring Gains and Losses | -6,834,788.89 | -107.44 | 15,590,369.49 | -85.46 | | Net Cash Flow from Operating Activities | N/A | N/A | -68,100,797.44 | -125.66 | | Basic Earnings Per Share (CNY/share) | -0.005 | -107.19 | 0.015 | -84.83 | | Diluted Earnings Per Share (CNY/share) | -0.005 | -107.19 | 0.015 | -84.83 | | Weighted Average Return on Net Assets (%) | -0.26 | decreased by 4.12 percentage points | 0.93 | decreased by 5.38 percentage points | | Period-End Indicators | End of Current Reporting Period (CNY) | Change from Prior Year-End (%) | | | | Total Assets | 8,875,965,952.41 | 11.27 | | | | Equity Attributable to Shareholders of the Listed Company | 2,817,619,172.53 | 1.48 | | | Non-Recurring Gains and Losses During the reporting period, the company's total non-recurring gains and losses amounted to -0.42 million CNY, and year-to-date total was 10.18 million CNY, primarily including gains/losses from disposal of non-current assets, government grants, and other non-operating income and expenses Non-Recurring Gains and Losses | Item | Amount for Current Reporting Period (CNY) | Amount Year-to-Date (YTD) (CNY) | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -6,062,503.99 | -6,309,226.97 | | Government Grants Recognized in Current Profit/Loss | 6,011,963.04 | 23,349,320.12 | | Fair Value Change Gains/Losses and Investment Income from Holding Trading Financial Assets, Derivative Financial Assets, etc., Excluding Effective Hedge Accounting Related to Normal Business Operations | 595,820.03 | 1,514,658.72 | | Other Non-Operating Income and Expenses | 241,460.63 | -4,564,031.95 | | Less: Income Tax Impact | 695,261.65 | 2,473,791.58 | | Impact on Minority Shareholders' Equity (After Tax) | 509,417.95 | 1,336,745.44 | | Total | -417,939.89 | 10,180,182.90 | Analysis of Financial Indicator Changes The significant decline in net profit attributable to shareholders is mainly due to lower gross profit margins on main products, reduced investment income from associates, increased financial expenses from new investments in lithium carbonate and other businesses, and the absence of non-recurring gains from patent transfers in the prior year; the decrease in net cash flow from operating activities is directly related to the reduction in net profit - Net profit attributable to shareholders of the listed company (current period -106.93%, YTD -84.72%) and net profit attributable to shareholders of the listed company, excluding non-recurring gains and losses (current period -107.44%, YTD -85.46%) significantly decreased, primarily due to: * A year-on-year decrease in the gross profit margin of the company's main products * A year-on-year decrease in the company's investment income from associates * Increased financing scale and financial expenses due to new investments in lithium carbonate and other businesses * The absence of non-recurring gains from patent transfers in the prior year, leading to a year-on-year decrease in asset transfer gains[10] - Net cash flow from operating activities decreased by 125.66% year-to-date, primarily due to the reduction in net profit attributable to shareholders of the listed company in the current period[10] - The decline in basic and diluted earnings per share is consistent with the decrease in net profit, primarily due to the reduction in net profit attributable to shareholders of the listed company in the current period[10] Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 67,008 common shareholders; among the top ten, Hunan Corun High-Tech Group Co., Ltd. held the largest stake at 12.28%, with most shares pledged, while Geely Technology Group Co., Ltd. was the second-largest shareholder at 10.41%, and the actual controller, Mr. Zhong Faping, directly held 6.11%, with most of his shares also pledged - The total number of common shareholders at the end of the reporting period was 67,008[12] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Ratio (%) | Share Status | Number (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Hunan Corun High-Tech Group Co., Ltd. | Domestic Non-State Legal Person | 204,298,803 | 12.28 | Pledged | 140,943,800 | | Geely Technology Group Co., Ltd. | Domestic Non-State Legal Person | 173,257,906 | 10.41 | None | 0 | | Zhong Faping | Domestic Natural Person | 101,643,428 | 6.11 | Pledged | 101,292,200 | - Hunan Corun High-Tech Group Co., Ltd. is an enterprise controlled by Mr. Zhong Faping, the company's actual controller, and they are parties acting in concert[13] Other Significant Matters Change of Domicile The company has completed the industrial and commercial registration procedures for changing its domicile from No. 348 Tongzipo West Road, Yuelu District, Changsha City, to Room 401-6, Buildings 1 and 2, Chenzhou Strategic Emerging Industrial Park, East Lin Yi Avenue, Chenzhou High-Tech Industrial Park, Hunan Province - The company's domicile has changed from No. 348 Tongzipo West Road, Yuelu District, Changsha City, to Room 401-6, Buildings 1 and 2, Chenzhou Strategic Emerging Industrial Park, East Lin Yi Avenue, Chenzhou High-Tech Industrial Park, Hunan Province[14] - Except for the change of domicile, all other registered items on the company's business license remain unchanged[14] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2023, the company's total assets were 8.88 billion CNY, an 11.27% increase from the end of 2022; both current and non-current assets grew, with significant increases in construction in progress and short-term borrowings; total liabilities rose to 5.58 billion CNY, and total owners' equity was 3.30 billion CNY Consolidated Balance Sheet | Item | September 30, 2023 (CNY) | December 31, 2022 (CNY) | Change (CNY) | Change (%) | | :--- | :--- | :