文一科技(600520) - 2021 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators Q3 revenue grew 50.79% and net profit 41.34%; YTD revenue increased 43.97%, net loss narrowed to 3.255 million RMB, and total assets decreased 6.65% from year-end Key Financial Indicators for Q3 and Year-to-Date 2021 | Item | Current Period (Q3) (RMB) | Year-to-Date (YTD) (RMB) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 122,794,188.09 | 320,881,391.68 | 43.97% | | Net Profit Attributable to Shareholders | 6,676,657.05 | -3,255,216.62 | N/A | | Net Profit Attributable to Shareholders (Excl. Non-Recurring) | 6,474,068.31 | -5,095,502.35 | N/A | | Basic Earnings Per Share (RMB/share) | 0.04 | -0.02 | N/A | | Total Assets | 836,996,865.93 | 836,996,865.93 | -6.65% (vs. prior year-end) | | Shareholders' Equity Attributable to Parent | 374,756,448.73 | 374,756,448.73 | -0.86% (vs. prior year-end) | Non-Recurring Gains and Losses Items and Amounts Non-recurring gains and losses for YTD 2021 primarily from government subsidies (2.298 million RMB), totaling 1.840 million RMB Non-Recurring Gains and Losses Items for Year-to-Date 2021 | Item | Year-to-Date Amount (RMB) | | :--- | :--- | | Government Subsidies Recognized in Current Period P&L | 2,297,522.16 | | Other Non-Operating Income and Expenses | -390,703.35 | | Impact on Minority Shareholders' Equity (After Tax) | -69,867.15 | | Total | 1,840,285.73 | Analysis of Changes in Key Financial Indicators and Reasons Revenue and net profit growth are attributed to increased operating income from subsidiaries Tongling Fushi Sanjia and Tongling Sanjia Yamada, driven by macro-industrial policies - Operating revenue increased by 50.79% year-on-year, primarily due to revenue increases of 71.4269 million RMB from wholly-owned subsidiary Tongling Fushi Sanjia and 22.5190 million RMB from controlling subsidiary Tongling Sanjia Yamada[9] - Net profit attributable to shareholders and earnings per share increased by 41.34% year-on-year, positively impacted by the significant increase in operating revenue[9] Shareholder Information Shareholding Status of Shareholders The company had 14,132 common shareholders; controlling shareholder Tongling Sanjia Electronics (Group) Co., Ltd. held 17.09% of shares, all pledged, indicating concentrated equity - As of the end of the reporting period, the company had 14,132 common shareholders[11] Top Three Shareholders' Shareholding Status | Shareholder Name | Shareholding Ratio (%) | Number of Shares (shares) | Share Status | | :--- | :--- | :--- | :--- | | Tongling Sanjia Electronics (Group) Co., Ltd. | 17.09 | 27,073,333 | Pledged 27,073,333 | | Anhui Ruizhen Commercial Management Co., Ltd. | 9.02 | 14,283,884 | Pledged 6,837,507 | | Zhou Yuguang | 4.50 | 7,132,925 | None | - Controlling shareholder Sanjia Group, Anhui Ruizhen Commercial Management, and Wenyias Asset are parties acting in concert[12] Other Significant Matters Litigation, Equity Transfer, and Subsidiary Changes Key matters include an ongoing 50 million RMB shareholder investment dispute lawsuit, negotiations for Sanjia Yamada's Japanese shareholder equity transfer, and the renaming of wholly-owned subsidiary Zhongfa Electric - The company is involved in a lawsuit demanding the return of 50 million RMB in investment funds, with no trial date set as of the report disclosure date[13][14] - The Japanese shareholder (holding 25%) of controlling subsidiary Tongling Sanjia Yamada Technology Co., Ltd. intends to dispose of its entire equity, with transfer negotiations ongoing[14] - Wholly-owned subsidiary 'Zhongfa Electric (Tongling) Haide Precision Industry Co., Ltd.' was renamed 'Tongling Sanjia Jianxi Precision Industry Co., Ltd.' on September 28, 2021[15] Quarterly Financial Statements Financial Statement Details Total assets decreased 6.65% to 837 million RMB; YTD revenue grew 43.97% to 321 million RMB, net loss narrowed to 1.77 million RMB, and operating cash flow turned positive Consolidated Balance Sheet Total assets decreased 6.65% to 837 million RMB due to reduced cash, while receivables and inventory increased; total liabilities decreased from lower notes payable Balance Sheet Key Items Changes (Unit: RMB) | Item | Sep 30, 2021 (RMB) | Dec 31, 2020 (RMB) | Change | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 85,804,260.96 | 232,260,996.73 | ▼ Decrease | | Accounts Receivable | 138,314,230.17 | 86,869,990.19 | ▲ Increase | | Inventories | 141,058,330.86 | 109,587,003.26 | ▲ Increase | | Total Assets | 836,996,865.93 | 896,579,126.91 | ▼ Decrease | | Notes Payable | 124,000,000.00 | 245,000,000.00 | ▼ Decrease | | Accounts Payable | 147,427,829.15 | 105,486,705.14 | ▲ Increase | | Total Liabilities | 408,822,704.73 | 466,635,335.69 | ▼ Decrease | | Shareholders' Equity Attributable to Parent | 374,756,448.73 | 378,011,665.35 | ▼ Decrease | Consolidated Income Statement YTD 2021 operating revenue grew 43.97% to 321 million RMB; operating profit turned positive, and net loss attributable to shareholders significantly narrowed to 3.255 million RMB Income Statement Key Items Comparison (Unit: RMB) | Item | YTD 2021 (RMB) | YTD 2020 (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 320,881,391.68 | 222,875,006.22 | ▲ 43.97% | | Operating Cost | 243,854,176.50 | 171,044,521.71 | ▲ 42.57% | | Operating Profit | 885,828.70 | -9,390,520.77 | ▲ Turned Profitable | | Total Profit | 497,185.08 | -9,069,073.85 | ▲ Significant Loss Reduction | | Net Profit | -1,769,630.02 | -10,182,327.69 | ▲ Significant Loss Reduction | | Net Profit Attributable to Parent Company Shareholders | -3,255,216.62 | -12,570,404.40 | ▲ Significant Loss Reduction | Consolidated Cash Flow Statement YTD 2021 net cash from operating activities improved to 1.341 million RMB; investing activities had a 2.782 million RMB outflow, and financing activities a 79.519 million RMB outflow, significantly reducing cash Cash Flow Statement Key Items Comparison (Unit: RMB) | Item | YTD 2021 (RMB) | YTD 2020 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1,340,894.36 | -15,962,554.35 | | Net Cash Flow from Investing Activities | -2,781,969.13 | 27,799,377.58 | | Net Cash Flow from Financing Activities | -79,518,729.58 | -31,207,615.01 | | Net Increase/Decrease in Cash and Cash Equivalents | -80,959,804.35 | -19,370,791.78 | | Cash and Cash Equivalents at Period End | 23,220,932.11 | 56,236,082.97 |