永吉股份(603058) - 2021 Q3 - 季度财报

Main Financial Data This section details the company's key financial data, including significant changes in accounting metrics, non-recurring items, and their underlying causes Key Accounting Data and Financial Indicators The company experienced mixed financial performance in Q3 2021, with strong net profit growth driven by non-core activities despite a decline in cumulative revenue and operating cash flow Key Accounting Data and Financial Indicators | Item | Current Period (Q3 2021) | YTD Reporting Period (YTD Q3 2021) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue (Ten Thousand Yuan) | 9,911.07 | 27,680.27 | -2.87% | | Net Profit Attributable to Shareholders (Ten Thousand Yuan) | 4,616.63 | 13,440.41 | 23.28% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) (Ten Thousand Yuan) | -121.90 | 1,752.42 | -70.83% | | Net Cash Flow from Operating Activities (Ten Thousand Yuan) | -1,422.65 | 7,657.77 | -26.58% | | Total Assets (Period-end) (Hundred Million Yuan) | 16.41 | 16.41 | 8.25% (vs. prior year-end) | | Shareholders' Equity Attributable to Parent (Period-end) (Hundred Million Yuan) | 11.04 | 11.04 | -5.27% (vs. prior year-end) | Non-Recurring Gains and Losses Items and Amounts Non-recurring gains and losses, primarily from securities investments, significantly contributed to the company's net profit, totaling 117 million yuan YTD Non-Recurring Gains and Losses Items and Amounts | Item | YTD Reporting Period Amount (Yuan) | Description | | :--- | :--- | :--- | | Securities Investment Related Gains/Losses | 134,083,684.65 | Investment income and fair value changes from private equity investment funds | | Government Grants | 2,104,441.92 | Received government subsidies | | Disposal Gains/Losses on Non-current Assets | 900,950.65 | Disposal of machinery and equipment | | Total | 116,879,897.62 | | Analysis of Changes in Key Financial Data and Indicators Significant changes in financial indicators were observed, driven by increased assets from new products and projects, surging liabilities from financing and dividends, and substantial growth in investment income and R&D expenses - Balance Sheet Item Changes: - Inventory increased by 44.52% due to an increase in wine box and cannabis products[8] - Construction in Progress increased by 166.05% due to an increase in subsidiary construction projects[8] - Other Non-current Assets increased by 508.20% due to an increase in overseas subsidiary's prepaid greenhouse construction and equipment advances[8] - Other Payables increased by 1,758.61% due to an increase in interim dividend payables[8] - Income Statement Item Changes: - R&D Expenses increased by 94.01% due to increased R&D investment[8] - Investment Income increased by 312.17% due to an increase in realized gains from securities investments[8] - Fair Value Change Gains increased by 88.25% due to an increase in unrealized gains from securities investments[8] - Cash Flow Statement Item Changes: - Cash paid for goods and services increased by 263.14% due to an increase in cash payments for materials[8] - Cash received from investment income increased by 363.53% due to an increase in redemption of securities investments year-on-year[8] - Cash paid for acquisition of fixed assets, intangible assets, and other long-term assets increased by 680.85% due to an increase in subsidiary construction project payments[8] Shareholder Information This section outlines the company's shareholder structure, including the total number of shareholders and the shareholding status of the top ten shareholders Shareholding Status of Shareholders As of the reporting period end, the company had 15,262 common shareholders, with the top ten holding a significant stake, including the controlling shareholder's pledged shares and 1.02% held in the repurchase account - Total common shareholders at the end of the reporting period were 15,262[9] Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholding Percentage (%) | Share Status | | :--- | :--- | :--- | | Guizhou Yongji Holding Co., Ltd. | 41.18 | Pledged 111,810,000 shares | | Guizhou Yunshang Printing Co., Ltd. | 8.58 | Frozen 5,824,000 shares | | Guizhou Yumei Paper Co., Ltd. | 7.78 | Pledged 32,624,000 shares | | Deng Weijia | 5.25 | None | - Controlling shareholder Guizhou Yongji Holding Co., Ltd. forms a concerted action relationship with Deng Weijia and Deng Daixing[10] - As of the end of the reporting period, the company held 4,258,000 shares through its dedicated share repurchase account, representing 1.02% of the total share capital[10] Other Significant Matters This section highlights other important operational information for investors, including share repurchases, profit distribution, external investments, and convertible bond issuance Important Information on Operating Performance The company actively pursued strategic initiatives, including a share repurchase, interim dividend distribution, a significant investment into the semiconductor sector, and preparation for convertible bond issuance - Share Repurchase: Planned to repurchase shares worth 30 million to 50 million yuan. As of September 30, 4,258,000 shares have been repurchased, representing 1.016% of total share capital, with a total payment of 29,144,925.41 yuan[11] - Profit Distribution: Implemented 2021 interim profit distribution, paying cash dividends totaling 103.7 million yuan on October 13, 2021[12][13] - External Investment: Invested 107 million yuan to increase capital in Shanghai Aiyan Semiconductor Co., Ltd., holding a 51% stake post-investment, marking the company's expansion into the semiconductor sector[14] - Convertible Bond Issuance: Public issuance of convertible corporate bonds has been approved by the China Securities Regulatory Commission (CSRC) and is currently in the pre-issuance preparation phase[15] Quarterly Financial Statements This section presents the company's consolidated quarterly financial statements, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of September 30, 2021, total assets increased to 1.641 billion yuan driven by construction and inventory, while total liabilities surged to 439 million yuan due to new borrowings and dividends, and equity decreased to 1.104 billion yuan due to share repurchases Key Asset Items | Key Asset Items | September 30, 2021 (Yuan) | December 31, 2020 (Yuan) | Reason for Change | | :--- | :--- | :--- | :--- | | Inventory | 142,569,487.51 | 98,650,891.23 | Increase in wine box and cannabis products | | Construction in Progress | 81,244,153.78 | 30,536,924.30 | Increase in subsidiary construction projects | | Other Non-current Assets | 83,994,582.86 | 13,810,385.93 | Prepaid equipment and project advances | | Total Assets | 1,640,757,556.63 | 1,515,686,686.30 | | Key Liability and Equity Items | Key Liability and Equity Items | September 30, 2021 (Yuan) | December 31, 2020 (Yuan) | Reason for Change | | :--- | :--- | :--- | :--- | | Short-term Borrowings | 96,096,913.43 | 0 | Increase in bank financing | | Other Payables | 104,298,047.09 | 5,611,613.30 | Primarily 103.7 million yuan in dividends payable | | Treasury Stock | 29,144,923.09 | 4,457,027.63 | Increase from company share repurchases | | Total Liabilities | 438,773,587.13 | 244,794,515.06 | | Consolidated Income Statement In Q1-Q3 2021, operating revenue slightly decreased, but net profit attributable to parent company shareholders grew significantly to 134 million yuan, primarily driven by non-operating gains and increased R&D and administrative expenses Consolidated Income Statement | Item | Q1-Q3 2021 (Yuan) | Q1-Q3 2020 (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 276,802,718.39 | 284,977,925.76 | -2.87% | | Net Profit Attributable to Parent Company Shareholders | 134,404,115.57 | 109,019,378.69 | +23.28% | | Investment Income | 77,937,121.64 | 18,909,135.47 | +312.17% | | Fair Value Change Gains | 56,294,616.63 | 29,904,344.90 | +88.25% | | R&D Expenses | 20,739,234.98 | 10,689,600.30 | +94.01% | Consolidated Cash Flow Statement In Q1-Q3 2021, operating cash flow decreased due to higher payments for goods, while investing cash outflow significantly narrowed, and financing cash flow saw an inflow from borrowings and minority investments, with the period-end cash balance at 399 million yuan Consolidated Cash Flow Statement | Item | Q1-Q3 2021 (Yuan) | Q1-Q3 2020 (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 76,577,721.17 | 104,295,646.87 | | Net Cash Flow from Investing Activities | -22,358,766.35 | -273,514,222.57 | | Net Cash Flow from Financing Activities | 13,695,239.57 | 4,105,702.99 | | Net Increase in Cash and Cash Equivalents | 66,636,076.61 | -153,404,657.54 | - Cash outflow from investing activities significantly decreased, primarily due to "cash paid for other investing activities" falling from 351 million yuan in the prior year to 137 million yuan, while "cash received from investment income" increased from 16.85 million yuan to 78.11 million yuan[29][30]