江苏索普(600746) - 2022 Q3 - 季度财报

Report Overview Important Notice This report is Jiangsu Suopo Chemical Co., Ltd.'s 2022 third-quarter report, which is unaudited; the company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the report's content and assume legal responsibility - This quarter's financial statements are unaudited[6] - The company's board of directors, supervisory board, and senior management assume legal responsibility for the truthfulness, accuracy, and completeness of the report's content[3][4][5] Key Financial Data Key Accounting Data and Financial Indicators In Q3 2022 (July-September), the company's operating revenue decreased by 14.62% year-on-year, and net profit attributable to shareholders plummeted by 104.82% to a loss of 31.14 million yuan; from January to September, operating revenue grew by 2.58%, but net profit attributable to shareholders declined by 67.01% 2022年第三季度及年初至报告期末主要财务指标 | Item | Current Reporting Period (July-Sept) (yuan) | YoY Change (%) | Year-to-Date (Jan-Sept) (yuan) | YoY Change (%) | | :---------------------------------------------------------------- | :-------------------------- | :------------- | :--------------------- | :------------- | | Operating Revenue | 1,655,045,536.30 | -14.62 | 6,007,563,798.66 | 2.58 | | Net Profit Attributable to Shareholders of Listed Company | -31,141,841.08 | -104.82 | 709,608,482.21 | -67.01 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-Recurring Gains and Losses | -34,230,884.48 | -105.35 | 699,207,768.36 | -67.35 | | Net Cash Flow from Operating Activities | Not Applicable | Not Applicable | 872,914,412.23 | -42.23 | | Basic Earnings Per Share (yuan/share) | -0.0267 | -104.82 | 0.6076 | -68.13 | | Weighted Average Return on Net Assets (%) | -0.55 | Decreased 12.15 percentage points | 12.12 | Decreased 34.43 percentage points | | Total Assets (Period-end) | 6,359,181,235.50 | -10.37 | 7,095,189,850.62 | -10.37 | | Shareholders' Equity Attributable to Shareholders of Listed Company (Period-end) | 5,698,581,709.40 | -7.30 | 6,147,438,878.09 | -7.30 | Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 3.09 million yuan, with a cumulative 10.40 million yuan year-to-date, primarily comprising government subsidies, non-current asset disposal gains/losses, and other non-operating income/expenses 2022年第三季度及年初至报告期末非经常性损益项目 | Item | Amount for Current Reporting Period (yuan) | Year-to-Date Amount (yuan) | | :------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | :------------------------- | :------------------------- | | Gains/Losses from Disposal of Non-Current Assets | 62,316.55 | -191,833.60 | | Government Subsidies Included in Current Profit and Loss | 1,007,710.42 | 3,792,137.93 | | Fair Value Changes and Investment Income from Financial Instruments (excluding effective hedges) | 3,145,864.70 | 10,122,314.35 | | Other Non-Operating Income and Expenses | -561,426.16 | -1,481,071.50 | | Less: Income Tax Impact | 565,422.11 | 1,840,833.33 | | Total | 3,089,043.40 | 10,400,713.85 | Changes and Reasons for Key Accounting Data and Financial Indicators The company's net profit and earnings per share significantly declined in Q3 and year-to-date, primarily due to decreasing product prices and rising procurement costs - Net profit attributable to shareholders (July-Sept) decreased by 104.82% year-on-year, mainly due to lower product selling prices and higher procurement costs[16] - Net profit attributable to shareholders (Jan-Sept) decreased by 67.01% year-on-year, mainly due to lower product selling prices and higher procurement costs[16] - Net cash flow from operating activities decreased by 42.23% year-on-year, primarily due to higher procurement costs[16] Shareholder Information Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 53,068 common shareholders; controlling shareholder Jiangsu Suopo (Group) Co., Ltd. holds 59.25% of the company's shares, with most being restricted shares and a portion pledged - Total number of common shareholders at the end of the reporting period was 53,068[19] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Ratio (%) | Number of Restricted Shares Held | Share Status | Quantity | | :------------------------------------------------------------------------------------ | :----------------- | :-------------------- | :--------------------- | :------------------------------- | :----------- | :---------- | | Jiangsu Suopo (Group) Co., Ltd. | State-owned Legal Person | 691,998,052 | 59.25 | 691,925,810 | Pledged | 200,000,000 | | Jiangsu Suopo (Group) Co., Ltd. - Jiangsu Suopo (Group) Co., Ltd. 2021 Non-public Issuance of Exchangeable Corporate Bonds Pledge Account for Professional Investors | Unknown | 175,000,000 | 14.98 | 0 | Pledged | 175,000,000 | | Zhenjiang State-owned Investment Holding Group Co., Ltd. | State-owned Legal Person | 53,107,738 | 4.55 | 50,000,000 | None | | - Controlling shareholder Jiangsu Suopo (Group) Co., Ltd. pledged 175,000,000 unrestricted shares on April 11, 2022, as collateral for the issuance of exchangeable corporate bonds for share conversion and principal/interest repayment[22] Other Reminders Other Important Information Regarding Operating Performance There is no other significant operating information during the reporting period requiring special investor attention - No other important information regarding the company's operating performance during the reporting period requires investor attention[23] Quarterly Financial Statements Type of Audit Opinion This quarter's financial statements are unaudited - This quarter's financial statements are unaudited[23] Financial Statements This section details the company's consolidated and parent company balance sheets, income statements, and cash flow statements, reflecting the financial position, operating results, and cash flows as of Q3 2022 Consolidated Balance Sheet As of September 30, 2022, consolidated total assets were 6.36 billion yuan, down 10.37% from year-end 2021; total consolidated liabilities were 661 million yuan, down 30.31%; and equity attributable to parent company shareholders was 5.70 billion yuan, down 7.30% 合并资产负债表关键数据（截至2022年9月30日） | Item | Sept 30, 2022 (yuan) | Dec 31, 2021 (yuan) | Change (%) | | :--------------------------------------- | :------------------- | :------------------ | :--------- | | Total Assets | 6,359,181,235.50 | 7,095,189,850.62 | -10.37 | | Total Liabilities | 660,599,526.10 | 947,750,972.53 | -30.31 | | Equity Attributable to Parent Company Shareholders | 5,698,581,709.40 | 6,147,438,878.09 | -7.30 | | Cash and Cash Equivalents | 1,098,718,103.82 | 1,675,453,928.07 | -34.42 | | Trading Financial Assets | 120,620,625.48 | 350,497,764.28 | -65.60 | | Inventories | 480,861,527.20 | 613,423,071.51 | -21.59 | | Construction in Progress | 872,927,072.17 | 587,507,630.00 | 48.57 | Consolidated Income Statement In the first three quarters of 2022, consolidated operating revenue was 6.01 billion yuan, up 2.58% year-on-year; total operating costs surged to 5.18 billion yuan, up 54.65%; net profit was 710 million yuan, down 67.01% 合并利润表关键数据（2022年前三季度） | Item | Jan-Sept 2022 (yuan) | Jan-Sept 2021 (yuan) | Change (%) | | :---------------------------------------------- | :------------------- | :------------------- | :--------- | | Total Operating Revenue | 6,007,563,798.66 | 5,856,746,411.79 | 2.58 | | Total Operating Costs | 5,178,553,640.75 | 3,348,360,156.14 | 54.65 | | Including: Operating Costs | 4,856,610,091.88 | 3,048,545,178.54 | 59.30 | | Administrative Expenses | 133,323,512.20 | 77,068,372.14 | 73.00 | | Financial Expenses | -24,332,278.43 | -9,764,068.38 | -149.20 | | Operating Profit | 839,006,854.76 | 2,518,133,541.86 | -66.60 | | Total Profit | 837,170,665.29 | 2,518,902,223.44 | -66.76 | | Net Profit | 709,608,482.21 | 2,150,658,748.21 | -67.01 | | Net Profit Attributable to Parent Company Shareholders | 709,608,482.21 | 2,150,658,748.21 | -67.01 | | Basic Earnings Per Share (yuan/share) | 0.6076 | 1.9066 | -68.13 | Consolidated Cash Flow Statement In the first three quarters of 2022, net cash flow from operating activities was 873 million yuan, down 42.23% year-on-year; net cash flow from investing activities turned positive at 302 million yuan; net cash flow from financing activities was -1.32 billion yuan, mainly due to a significant increase in cash paid for dividends, profits, or interest 合并现金流量表关键数据（2022年前三季度） | Item | Jan-Sept 2022 (yuan) | Jan-Sept 2021 (yuan) | Change (%) | | :---------------------------------------------- | :------------------- | :------------------- | :--------- | | Net Cash Flow from Operating Activities | 872,914,412.23 | 1,510,954,556.00 | -42.23 | | Net Cash Flow from Investing Activities | 302,061,583.41 | -1,328,599,584.28 | 122.74 | | Net Cash Flow from Financing Activities | -1,320,358,081.69 | 582,191,266.73 | -326.89 | | Net Increase in Cash and Cash Equivalents | -139,268,667.03 | 765,208,172.52 | -118.20 | | Cash Received from Sales of Goods and Services | 5,595,083,294.34 | 4,870,842,169.65 | 14.87 | | Cash Paid for Goods and Services | 4,191,831,987.52 | 2,649,661,563.06 | 58.20 | | Cash Paid for Dividends, Profits, or Interest Payments | 1,175,308,081.69 | 201,524,305.72 | 483.21 | Parent Company Balance Sheet As of September 30, 2022, parent company total assets were 6.01 billion yuan, down 9.93% from year-end 2021; total liabilities were 421 million yuan, down 26.75%; and total owner's equity was 5.59 billion yuan, down 8.34% 母公司资产负债表关键数据（截至2022年9月30日） | Item | Sept 30, 2022 (yuan) | Dec 31, 2021 (yuan) | Change (%) | | :------------------------- | :------------------- | :------------------ | :--------- | | Total Assets | 6,010,377,994.27 | 6,672,941,511.10 | -9.93 | | Total Liabilities | 421,340,717.35 | 575,165,212.02 | -26.75 | | Total Owner's Equity | 5,589,037,276.92 | 6,097,776,299.08 | -8.34 | | Cash and Cash Equivalents | 965,267,454.02 | 1,624,699,620.05 | -40.60 | | Long-term Equity Investments | 1,061,353,623.94 | 735,780,796.31 | 44.24 | | Construction in Progress | 842,616,974.67 | 574,706,569.05 | 46.61 | Parent Company Income Statement In the first three quarters of 2022, parent company operating revenue was 4.89 billion yuan, down 16.60% year-on-year; operating costs were 3.85 billion yuan, up 26.43%; net profit was 651 million yuan, a significant 69.74% year-on-year decrease 母公司利润表关键数据（2022年前三季度） | Item | Jan-Sept 2022 (yuan) | Jan-Sept 2021 (yuan) | Change (%) | | :--------------- | :------------------- | :------------------- | :--------- | | Operating Revenue | 4,886,785,712.76 | 5,856,746,411.79 | -16.60 | | Operating Costs | 3,854,371,385.56 | 3,048,545,178.54 | 26.43 | | Financial Expenses | -28,041,735.55 | -9,764,068.38 | -187.20 | | Operating Profit | 760,110,368.09 | 2,518,133,541.86 | -69.74 | | Total Profit | 758,709,557.54 | 2,518,902,223.44 | -69.80 | | Net Profit | 650,808,495.00 | 2,150,658,748.21 | -69.74 | Parent Company Cash Flow Statement In the first three quarters of 2022, parent company net cash flow from operating activities was 815 million yuan, down 46.03% year-on-year; net cash flow from investing activities turned positive at 129 million yuan; net cash flow from financing activities was -1.17 billion yuan, mainly due to a significant increase in cash paid for dividends, profits, or interest 母公司现金流量表关键数据（2022年前三季度） | Item | Jan-Sept 2022 (yuan) | Jan-Sept 2021 (yuan) | Change (%) | | :---------------------------------------------- | :------------------- | :------------------- | :--------- | | Net Cash Flow from Operating Activities | 815,463,792.82 | 1,510,954,556.00 | -46.03 | | Net Cash Flow from Investing Activities | 128,755,402.28 | -1,328,599,584.28 | 109.69 | | Net Cash Flow from Financing Activities | -1,172,610,364.40 | 582,191,266.73 | -301.36 | | Net Increase in Cash and Cash Equivalents | -222,277,765.09 | 765,208,172.52 | -129.05 | | Cash Received from Sales of Goods and Services | 4,774,137,070.37 | 4,870,842,169.65 | -1.98 | | Cash Paid for Goods and Services | 3,548,188,359.76 | 2,649,661,563.06 | 33.91 | | Cash Paid for Dividends, Profits, or Interest Payments | 1,172,610,364.40 | 201,524,305.72 | 481.88 |