北元集团(601568) - 2023 Q3 - 季度财报

Report Overview Important Notice This unaudited Q3 2023 report is guaranteed for truthfulness and accuracy by the company's board and management - The financial statements for this quarter are unaudited[2] - The company's board of directors, supervisory board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibilities[2] Key Financial Data Key Accounting Data and Financial Indicators Q3 and YTD results show declines in revenue and net profit, with YTD net profit down nearly 70% and negative operating cash flow Key Accounting Data and Financial Indicators for Q3 2023 | Item | Current Period Amount (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 3,076,197,367.67 | -3.45 | | Net Profit Attributable to Shareholders of the Listed Company | 172,940,850.11 | -5.33 | | Basic Earnings Per Share (RMB/share) | 0.04 | -20.00 | | Weighted Average Return on Net Assets (%) | 1.26 | Decrease of 0.09 percentage points | Key Accounting Data and Financial Indicators for YTD 2023 | Item | YTD Amount (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 8,361,407,387.47 | -16.11 | | Net Profit Attributable to Shareholders of the Listed Company | 430,150,879.79 | -68.82 | | Net Cash Flow from Operating Activities | -60,845,006.75 | -102.79 | | Basic Earnings Per Share (RMB/share) | 0.11 | -68.57 | | Weighted Average Return on Net Assets (%) | 3.18 | Decrease of 6.97 percentage points | Balance Sheet Status as of End of Reporting Period 2023 | Item | Amount as of End of Current Period (RMB) | Change from End of Prior Year (%) | | :--- | :--- | :--- | | Total Assets | 15,882,157,908.43 | -5.11 | | Total Equity Attributable to Shareholders of the Listed Company | 13,052,104,261.46 | -4.41 | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses, including government grants and fair value changes, totaled 7.79 million RMB YTD Non-recurring Gains and Losses Items and Amounts | Item | Current Period Amount (RMB) | YTD Amount (RMB) | | :--- | :--- | :--- | | Government Grants Included in Current Profit/Loss | 4,637,381.97 | 10,064,168.13 | | Gains and Losses from Changes in Fair Value and Investment Income of Trading Financial Assets, Derivative Financial Assets, etc. | -149,600.00 | -2,202,505.00 | | Other Non-operating Income and Expenses Apart from the Above | 270,520.74 | 1,465,227.51 | | Other Profit/Loss Items Meeting the Definition of Non-recurring Gains and Losses | | 341,132.42 | | Less: Income Tax Impact | 938,587.08 | 2,010,675.92 | | Total | 3,829,715.63 | 7,794,548.15 | Changes and Reasons for Key Accounting Data and Financial Indicators YTD net profit, non-recurring net profit, operating cash flow, and EPS significantly declined due to lower PVC and caustic soda prices and reduced cash from sales - Net profit attributable to shareholders (YTD) decreased by 68.82% year-over-year, primarily due to a 24.71% decrease in PVC sales prices and a 14.66% decrease in caustic soda sales prices[7] - Net profit attributable to shareholders excluding non-recurring gains and losses (YTD) decreased by 68.99% year-over-year, for the same reasons as the net profit decline[7] - Net cash flow from operating activities (YTD) decreased by 102.79% year-over-year, mainly due to a reduction in cash received from sales of goods compared to the prior period[7] - Basic and diluted earnings per share (YTD) both decreased by 68.57% year-over-year, for the same reasons as the net profit decline[7] Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Shareholding The company has 75,849 common shareholders, with the top two holding over 63%; some individual shares are pledged or frozen - Total number of common shareholders at the end of the reporting period was 75,849[8] Top 10 Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Ratio (%) | Number of Restricted Shares Held (shares) | Pledged, Marked, or Frozen Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Shaanxi Coal and Chemical Industry Group Co., Ltd. | State-owned Legal Person | 1,402,683,334 | 35.31 | 1,402,683,334 | None | | Shaanxi Hengyuan Investment Group Co., Ltd. | Domestic Non-state-owned Legal Person | 1,131,900,000 | 28.50 | | None | | Wang Wenming | Domestic Natural Person | 186,083,334 | 4.68 | | None | | Wang Zhenming | Domestic Natural Person | 186,083,334 | 4.68 | | None | | Sun Junliang | Domestic Natural Person | 93,041,666 | 2.34 | | None | | Liu Pingze | Domestic Natural Person | 93,041,666 | 2.34 | | Pledged 93,041,666 | | Liu Yine | Domestic Natural Person | 74,433,334 | 1.87 | | Pledged, Frozen 74,433,333 | | Yulin Juhe Equity Investment Partnership (Limited Partnership) | Domestic Non-state-owned Legal Person | 23,760,000 | 0.60 | 23,760,000 | None | | Liu Zhongshan | Domestic Natural Person | 9,250,786 | 0.23 | | None | | Agricultural Bank of China Co., Ltd. - CSI 500 ETF | Other | 9,111,980 | 0.23 | | None | - Liu Zhongshan's 9,250,786 company shares are all held through a credit securities account[10] - The company is unaware of any other related party or concerted action relationships among shareholders, except that Sun Heng, the ultimate controller of Shaanxi Hengyuan Investment Group Co., Ltd., is the son of Sun Junliang[9] Other Reminders No other significant information regarding the company's operating performance requires special investor attention - The company has no other significant information regarding its operating performance during the reporting period that requires investor attention[11] Quarterly Financial Statements Type of Audit Opinion The financial statements for the current quarter are unaudited - The financial statements for this quarter are unaudited[11] Consolidated Financial Statements Consolidated assets decreased to 15.88 billion RMB; YTD revenue fell 16.11% to 8.36 billion RMB, net profit dropped 68.82% to 430 million RMB, and operating cash flow turned negative Consolidated Balance Sheet Consolidated total assets decreased by 5.11% to 15.88 billion RMB, with current assets and equity declining, while construction in progress rose 88.25% Key Consolidated Balance Sheet Data | Item | Sep 30, 2023 (RMB) | Dec 31, 2022 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 15,882,157,908.43 | 16,737,817,644.90 | -5.11 | | Total Current Assets | 8,208,526,068.10 | 9,179,314,200.72 | -10.60 | | Total Non-current Assets | 7,673,631,840.33 | 7,558,503,444.18 | 1.53 | | Construction in Progress | 916,899,425.46 | 487,081,361.18 | 88.25 | | Total Liabilities | 2,830,053,646.97 | 3,083,608,353.46 | -8.22 | | Total Equity Attributable to Parent Company Owners | 13,052,104,261.46 | 13,654,209,291.44 | -4.41 | Consolidated Income Statement YTD consolidated total operating revenue decreased 16.11% to 8.36 billion RMB, while net profit significantly dropped 68.82% to 430 million RMB, largely due to increased asset impairment losses Key Consolidated Income Statement Data (YTD 2023) | Item | YTD 2023 (RMB) | YTD 2022 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 8,361,407,387.47 | 9,966,783,522.64 | -16.11 | | Total Operating Costs | 7,544,973,934.74 | 8,293,354,604.55 | -9.03 | | Net Profit | 430,150,879.79 | 1,379,770,930.49 | -68.82 | | Asset Impairment Losses | -332,941,045.35 | -86,392,825.81 | 285.40 (Loss Expansion) | | Basic Earnings Per Share (RMB/share) | 0.11 | 0.35 | -68.57 | Consolidated Cash Flow Statement YTD net cash flow from operating activities turned negative to -60.85 million RMB due to reduced sales cash, and investing cash outflows significantly increased to -396 million RMB Key Consolidated Cash Flow Statement Data (YTD 2023) | Item | YTD 2023 (RMB) | YTD 2022 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -60,845,006.75 | 2,180,944,469.03 | -102.79 | | Cash Received from Sales of Goods and Services | 5,542,013,871.89 | 8,212,746,160.93 | -32.52 | | Net Cash Flow from Investing Activities | -396,009,562.07 | -64,735,230.69 | 511.74 (Outflow Expansion) | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 402,659,527.77 | 54,732,880.69 | 635.69 | | Net Increase in Cash and Cash Equivalents | -1,495,710,817.50 | 862,186,323.64 | -273.46 | Parent Company Financial Statements Parent company assets slightly decreased to 15.84 billion RMB; YTD revenue fell 17.33% to 7.42 billion RMB, net profit dropped 62.41% to 494 million RMB, and operating cash flow was negative Parent Company Balance Sheet Parent company total assets decreased by 4.31% to 15.84 billion RMB, with current assets and retained earnings declining, while construction in progress rose 91.39% Key Parent Company Balance Sheet Data | Item | Sep 30, 2023 (RMB) | Dec 31, 2022 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 15,835,600,609.22 | 16,549,104,823.21 | -4.31 | | Total Current Assets | 8,782,033,799.42 | 9,615,936,089.42 | -8.67 | | Construction in Progress | 775,339,742.91 | 405,100,735.85 | 91.39 | | Total Liabilities | 2,832,264,888.68 | 3,007,127,236.65 | -5.82 | | Total Equity | 13,003,335,720.54 | 13,541,977,586.56 | -3.98 | Parent Company Income Statement YTD parent company operating revenue decreased 17.33% to 7.42 billion RMB, and net profit significantly dropped 62.41% to 494 million RMB, due to higher costs and asset impairment losses Key Parent Company Income Statement Data (YTD 2023) | Item | YTD 2023 (RMB) | YTD 2022 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 7,421,004,702.13 | 8,976,412,538.71 | -17.33 | | Net Profit | 493,614,043.75 | 1,313,135,138.61 | -62.41 | | Asset Impairment Losses | -330,089,667.71 | -86,392,825.81 | 282.10 (Loss Expansion) | | Basic Earnings Per Share (RMB/share) | 0.12 | 0.33 | -63.64 | Parent Company Cash Flow Statement YTD parent company net cash flow from operating activities turned negative to -53.84 million RMB, and investing cash outflows significantly increased to -372 million RMB Key Parent Company Cash Flow Statement Data (YTD 2023) | Item | YTD 2023 (RMB) | YTD 2022 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -53,842,579.35 | 2,201,092,130.72 | -102.45 | | Cash Received from Sales of Goods and Services | 4,891,681,971.48 | 7,450,791,031.13 | -34.35 | | Net Cash Flow from Investing Activities | -372,476,107.86 | -159,743,232.17 | 133.17 (Outflow Expansion) | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 379,126,073.56 | 49,740,882.17 | 662.20 | | Net Increase in Cash and Cash Equivalents | -1,465,174,935.89 | 787,325,983.85 | -286.10 |