济南高新(600807) - 2023 Q1 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q1 2023, operating revenue decreased by 32.53% to RMB 216 million, while net profit attributable to shareholders turned profitable at RMB 6.91 million, and total assets declined 5.69% Key Accounting Data and Financial Indicators | Indicator | Current Period (Q1 2023) | Same Period Last Year | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 216,424,878.54 | 320,779,406.53 | -32.53% | | Net Profit Attributable to Shareholders (RMB) | 6,908,536.44 | -138,242,513.95 | N/A | | Net Cash Flow from Operating Activities (RMB) | -134,510,849.16 | -48,062,891.97 | N/A | | Basic Earnings Per Share (RMB/share) | 0.01 | -0.16 | N/A | | Indicator | End of Current Period | End of Previous Year | Period-end vs. Previous Year-end Change (%) | | Total Assets (RMB) | 3,772,305,774.16 | 3,999,911,482.83 | -5.69% | | Shareholders' Equity Attributable to Parent Company (RMB) | 338,555,149.11 | 350,493,511.05 | -3.41% | Non-Recurring Gains/Losses | Non-Recurring Gains/Losses Item | Current Period Amount (RMB) | | :--- | :--- | | Government Grants Included in Current P&L | 2,086,346.32 | | Gains/Losses from Contingent Events Unrelated to Normal Operations | -5,552,210.92 | | Custody Fee Income from Entrusted Operations | 1,107,144.00 | | Other Non-Operating Income and Expenses | 971.77 | | Less: Income Tax Impact | 231,193.48 | | Less: Impact on Minority Interests (After Tax) | 1,047,170.72 | | Total | -3,636,113.03 | Analysis of Changes in Key Financial Indicators Changes in current period financial indicators are primarily due to shifts in business structure and the prior year's base, with revenue decline linked to reduced mining operations and net profit turning profitable due to the absence of prior year's fair value losses - Operating revenue decreased by 32.53% year-on-year, primarily due to a reduction in mining business revenue compared to the same period last year[7] - Net profit attributable to shareholders turned losses into profits, mainly because of a significant fair value change loss on other non-current financial assets in the same period last year, which were transferred externally in the current reporting period[7] - Net cash flow from operating activities saw an increased outflow year-on-year, primarily due to reduced sales collections from mining operations in the current period compared to the same period last year[8] Shareholder Information Shareholding Status As of the reporting period end, the company had 42,981 common shareholders, with the largest shareholder, Jinan Gaoxin Urban Construction Development Co., Ltd., holding 16.09% of shares, some of which are pledged or frozen - As of the end of the reporting period, the company had 42,981 common shareholders[10] Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholder Type | Shareholding Ratio (%) | Pledged, Marked, or Frozen Status | | :--- | :--- | :--- | :--- | | Jinan Gaoxin Urban Construction Development Co., Ltd. | State-owned Legal Entity | 16.09 | Pledged 107,623,646 shares, Frozen 102,856,240 shares | | Guoxin Trust Co., Ltd. | Unknown | 4.98 | None | | Shandong Tianye Real Estate Development Group Co., Ltd. | Domestic Non-State-owned Legal Entity | 4.80 | Frozen 42,500,530 shares | | Jinan Gaoxin Smart Valley Investment & Property Co., Ltd. | State-owned Legal Entity | 3.21 | None | | Jilin Yongji Rural Commercial Bank Co., Ltd. | Unknown | 2.03 | None | - The largest shareholder, Jinan Gaoxin Urban Construction Development Co., Ltd., forms a concerted party relationship with several other top ten shareholders (e.g., Jinan Gaoxin Holding Group, Jinan Gaoxin Smart Valley)[11] Quarterly Financial Statements Consolidated Balance Sheet As of March 31, 2023, total assets decreased by 5.69% to RMB 3.77 billion, total liabilities by 7.15% to RMB 2.94 billion, and equity attributable to the parent company by 3.41% to RMB 339 million Consolidated Balance Sheet Summary | Item | March 31, 2023 (RMB) | December 31, 2022 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,772,305,774.16 | 3,999,911,482.83 | -5.69% | | Total Liabilities | 2,939,281,073.97 | 3,165,836,969.57 | -7.15% | | Total Equity Attributable to Parent Company | 338,555,149.11 | 350,493,511.05 | -3.41% | | Minority Interests | 494,469,551.08 | 483,581,002.21 | +2.25% | | Total Equity | 833,024,700.19 | 834,074,513.26 | -0.13% | Consolidated Income Statement In Q1 2023, operating revenue decreased by 32.53% to RMB 216 million, while operating costs and financial expenses also declined, leading to a significant turnaround in net profit attributable to the parent company to RMB 6.91 million Consolidated Income Statement Summary | Item | Q1 2023 (RMB) | Q1 2022 (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 216,424,878.54 | 320,779,406.53 | YoY Decrease 32.53% | | Total Operating Costs | 195,535,007.18 | 315,152,907.71 | YoY Decrease 37.95% | | Financial Expenses | 4,973,246.62 | 22,744,149.71 | YoY Decrease 78.13% | | Gains from Fair Value Changes | 0.00 | -124,985,708.84 | Significant Loss in Same Period Last Year | | Operating Profit | 21,569,386.10 | -119,878,552.89 | Turned Losses into Profits | | Net Profit Attributable to Parent Company Shareholders | 6,908,536.44 | -138,242,513.95 | Turned Losses into Profits | | Basic Earnings Per Share (RMB/share) | 0.01 | -0.16 | Turned Losses into Profits | Consolidated Cash Flow Statement In Q1 2023, net cash flow from operating activities was -RMB 135 million due to reduced sales collections, while investing activities turned to a net inflow of RMB 5.06 million, and financing activities shifted to a net outflow of RMB 167 million Consolidated Cash Flow Statement Summary | Item | Q1 2023 (RMB) | Q1 2022 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -134,510,849.16 | -48,062,891.97 | | Net Cash Flow from Investing Activities | 5,057,838.37 | -222,930,113.67 | | Net Cash Flow from Financing Activities | -166,597,435.70 | 366,071,822.97 | | Net Increase in Cash and Cash Equivalents | -296,258,382.96 | 95,315,769.10 |