厦工股份(600815) - 2021 Q3 - 季度财报

Major Financial Data Major Accounting Data and Financial Indicators In Q3 2021 and year-to-date, the company's operating revenue and net profit attributable to owners of the parent both significantly declined, with net profit turning to loss and overall financial indicator deterioration Major Accounting Data and Financial Indicators | Item | Current Period | YoY Change (%) in Current Period | Year-to-Date | YoY Change (%) Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | CNY 287,035,947.73 | -33.29 | CNY 1,176,917,820.82 | -10.17 | | Net Profit Attributable to Owners of the Parent | CNY -17,274,219.30 | -788.44 | CNY -10,390,053.32 | -131.18 | | Net Profit Attributable to Owners of the Parent (Excluding Non-recurring Gains/Losses) | CNY -35,653,307.99 | N/A | CNY -75,932,591.41 | N/A | | Net Cash Flow from Operating Activities | N/A | N/A | CNY -102,044,240.88 | N/A | | Basic Earnings Per Share (CNY/share) | CNY -0.01 | N/A | CNY -0.01 | -129.28 | | Total Assets (End of Period) | CNY 3,191,378,089.06 | | CNY 3,473,665,980.94 (End of Previous Year) | -8.13 | | Owners' Equity Attributable to Shareholders of the Listed Company (End of Period) | CNY 1,360,356,533.10 | | CNY 1,369,330,146.74 (End of Previous Year) | -0.66 | Non-recurring Gains and Losses and Amounts Year-to-date, the company recorded approximately CNY 65.54 million in non-recurring gains and losses, primarily from entrusted loan income, government grants, and other non-operating items Non-recurring Gains and Losses | Item | Year-to-Date Amount (CNY) | | :--- | :--- | | Gains/Losses from Entrusted Loans | 21,389,150.90 | | Other Non-operating Income and Expenses (Excluding Above) | 15,507,525.24 | | Reversal of Impairment Provisions for Receivables (Individually Tested) | 13,504,154.77 | | Government Grants Included in Current Profit/Loss | 10,609,867.79 | | Total | 65,542,538.09 | Analysis of Changes in Key Financial Indicators The company attributes the significant decline in net profit attributable to owners of the parent and earnings per share to rising raw material prices, which directly impacted engineering machinery product gross margins - Net profit attributable to owners of the parent decreased by 131.18% year-on-year, primarily due to rising raw material prices impacting the gross profit margin of engineering machinery products[10] - The change in net cash flow from operating activities is mainly due to improved collection of payments in the current period and increased recovery of intercompany receivables and factory land rental income[10] Shareholder Information Total Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Shareholding Status As of the reporting period end, the company had 50,168 common shareholders, with Xiamen Hely Group Co., Ltd. as the controlling shareholder at 41.42%, indicating a relatively concentrated equity structure - Total common shareholders at the end of the reporting period were 50,168[12] Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholder Type | Shareholding Percentage (%) | | :--- | :--- | :--- | | Xiamen Hely Group Co., Ltd. | State-owned Legal Entity | 41.42 | | Export-Import Bank of China Xiamen Branch | State-owned Legal Entity | 6.81 | | China Construction Bank Corporation Xiamen Branch | State-owned Legal Entity | 5.11 | | Xiamen XGMA Heavy Industry Co., Ltd. | State-owned Legal Entity | 4.10 | | Agricultural Bank of China Limited Xiamen Branch | State-owned Legal Entity | 3.95 | - Xiamen XGMA Heavy Industry Co., Ltd., the fourth-largest shareholder, is a wholly-owned subsidiary of Xiamen Hely Group Co., Ltd., the largest shareholder, forming an acting in concert relationship[12] Other Reminders The company highlights ongoing litigation and a proposed related party transaction for land and building transfer, which remains subject to regulatory and shareholder approvals - The company has cumulative litigation matters, with specific progress disclosed in relevant announcements[14] - The company is proceeding with a related party transaction to transfer the Industrial Park C2 plot and its above-ground buildings, which requires approval from Xiamen State-owned Assets Management Department and deliberation by the company's shareholders' meeting, thus the final outcome is uncertain[14] Quarterly Financial Statements Type of Audit Opinion The quarterly financial statements for this period are unaudited - The third-quarter financial statements are unaudited[4][15] Financial Statements This section presents the consolidated balance sheet as of September 30, 2021, and the consolidated income statement and cash flow statement for the first three quarters of 2021, detailing the company's financial position, performance, and cash flows Consolidated Balance Sheet As of September 30, 2021, total assets were CNY 3.19 billion, total liabilities CNY 1.67 billion, and owners' equity CNY 1.36 billion, reflecting a contraction in both asset and liability scales from year-end 2020 | Item | September 30, 2021 (CNY) | December 31, 2020 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,191,378,089.06 | 3,473,665,980.94 | -8.13% | | Total Liabilities | 1,671,502,533.65 | 1,950,826,695.48 | -14.32% | | Total Equity Attributable to Owners of the Parent | 1,360,356,533.10 | 1,369,330,146.74 | -0.66% | Consolidated Income Statement In the first three quarters of 2021, operating revenue was CNY 1.177 billion, while net profit attributable to owners of the parent turned to a loss of CNY 10.39 million, a significant 131.18% year-on-year decline | Item | First Three Quarters 2021 (CNY) | First Three Quarters 2020 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,176,917,820.82 | 1,310,141,276.83 | -10.17% | | Operating Profit | -10,629,938.94 | 57,094,192.50 | -118.62% | | Net Profit Attributable to Owners of the Parent | -10,390,053.32 | 33,326,558.40 | -131.18% | | Basic Earnings Per Share (CNY/share) | -0.01 | 0.02 | -150.00% | Consolidated Cash Flow Statement In the first three quarters of 2021, net cash flow from operating activities was CNY -102.04 million, with investing activities showing a net inflow and financing activities a net outflow, resulting in period-end cash and equivalents of CNY 250.37 million | Item | First Three Quarters 2021 (CNY) | First Three Quarters 2020 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -102,044,240.88 | -198,623,075.54 | | Net Cash Flow from Investing Activities | 52,694,637.79 | 109,858,198.34 | | Net Cash Flow from Financing Activities | -47,437,562.50 | -26,664,678.46 | | Net Increase in Cash and Cash Equivalents | -97,095,616.07 | -118,339,285.47 | | Cash and Cash Equivalents at Period-End | 250,365,153.47 | 264,752,438.47 | First-Time Adoption of New Lease Standards in 2021 and Adjustments to Financial Statements at the Beginning of the First Year of Adoption The company did not apply the adjustments for the first-time adoption of new lease standards in this reporting period - The company did not apply the new lease standards for the first time in 2021 and did not adjust the financial statements at the beginning of the year[25]