神驰机电(603109) - 2023 Q3 - 季度财报

Report Overview Key Information Disclosure The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, assuming legal responsibility; the company's head, chief accountant, and head of accounting department also assure the financial information, and the financial statements for this period are unaudited - The company's board of directors, supervisory board, and directors, supervisors, and senior management guarantee the quarterly report's truthfulness, accuracy, and completeness, free from false records, misleading statements, or major omissions, and assume individual and joint legal liabilities[2][3] - Company head Ai Chun, chief accountant Xuan Xuehong, and head of accounting department Jiang Younian guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] - The third quarter financial statements are unaudited[4] Key Financial Data Key Accounting Data and Financial Indicators Q3 2023 saw operating revenue growth but a slight net profit decrease; YTD, revenue and net profit significantly increased, while operating cash flow sharply declined, with total assets and equity also growing Key Accounting Data and Financial Indicators for Q3 2023 and YTD as of the End of the Reporting Period | Item | Current Reporting Period (RMB) | YoY Change (%) | YTD as of Reporting Period End (RMB) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 611,518,933.60 | 7.58 | 2,068,122,474.05 | 1.39 | | Net Profit Attributable to Shareholders of Listed Company | 53,300,253.89 | -1.81 | 184,830,816.66 | 32.29 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains and Losses) | 49,195,747.96 | -15.2 | 172,729,104.74 | 8.71 | | Net Cash Flow from Operating Activities | N/A | N/A | 94,807,766.88 | -70.99 | | Basic Earnings Per Share (RMB/share) | 0.2592 | -0.92 | 0.8913 | 31.52 | | Diluted Earnings Per Share (RMB/share) | 0.2634 | -2.12 | 0.8911 | 31.53 | | Weighted Average Return on Net Assets (%) | 3.02 | decreased by 0.86 percentage points | 10.62 | increased by 0.43 percentage points | | As of the End of Current Reporting Period | | | | | | Total Assets | 3,219,411,668.02 | 3.67 (compared to end of last fiscal year) | | | | Total Equity Attributable to Shareholders of Listed Company | 1,760,143,656.85 | 4.05 (compared to end of last fiscal year) | | | Explanation of Retrospective Adjustments or Restatements The company made retrospective adjustments to financial data due to rectification of equity incentive matters, leading to share-based payment expense adjustments, and the acquisition of 100% equity in Chongqing Kaimier Power Machinery Co., Ltd. and Chongqing Wugu General Equipment Co., Ltd. in April 2023, which was a business combination under common control - Retrospective adjustments were made to share-based payment expenses due to rectification of equity incentive matters[6] - In April 2023, the company acquired 100% equity in Chongqing Kaimier Power Machinery Co., Ltd. and Chongqing Wugu General Equipment Co., Ltd., both controlled by the actual controller; this acquisition was a business combination under common control, leading to retrospective adjustments to prior period financial data[6] Non-Recurring Gains and Losses and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to RMB 4.10 million, and RMB 12.10 million YTD, primarily comprising government subsidies, non-current asset disposal gains/losses, and fair value changes in financial assets Non-Recurring Gains and Losses and Amounts for Q3 2023 and YTD as of the End of the Reporting Period | Item | Amount for Current Reporting Period (RMB) | Amount YTD as of Reporting Period End (RMB) | | :--- | :--- | :--- | | Non-current asset disposal gains and losses | -70,308.95 | -368,235.85 | | Government subsidies recognized in current profit or loss | 8,693,697.15 | 17,197,647.01 | | Net profit or loss of subsidiaries from the beginning of the period to the acquisition date arising from business combinations under common control | | 3,879,182.55 | | Gains and losses from changes in fair value of trading financial assets, derivative financial assets, etc., and investment income | -2,922,801.84 | -1,939,253.40 | | Other non-operating income and expenses apart from the above | -407,988.62 | -4,324,146.58 | | Less: Income tax impact | 1,188,091.81 | 2,343,481.81 | | Total | 4,104,505.93 | 12,101,711.92 | Changes and Reasons for Key Accounting Data and Financial Indicators The company experienced a decrease in short-term borrowings and an increase in notes payable; financial expenses were impacted by RMB-USD exchange rate fluctuations, significantly reducing exchange gains; YTD net profit and EPS grew due to enhanced internal management, cost control, and increased sales of high-margin products, while net cash flow from operating activities declined mainly due to payment terms - Short-term borrowings decreased by 45.82%, primarily due to the company reducing short-term loans[8] - Notes payable increased by 49.45%, mainly due to an increase in unexpired bank acceptance bills[8] - Changes in financial expenses were primarily due to the impact of RMB-USD exchange rate fluctuations, resulting in a significant decrease in exchange gains compared to the same period last year[8] - Basic and diluted earnings per share increased by 31.52% and 31.53% respectively YTD, mainly due to increased net profit[8] - Net cash flow from operating activities decreased by 70.99% YTD, primarily due to payment terms, leading to a reduction in cash received from operations compared to the same period last year[8] - Net profit attributable to shareholders increased by 32.29% YTD, mainly because the company continuously strengthened internal management, controlled costs, intensified new product development, and improved sales of higher-margin products, leading to an increase in the company's gross profit margin compared to the same period last year[8] Shareholder Information Total Number of Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 17,074 common shareholders; among the top ten shareholders, actual controller Ai Chun and related parties (Chongqing Shenchi Investment Co., Ltd., Chongqing Shenchi Industrial Group Co., Ltd., Ai Li) collectively held 65.01% of the company's shares, with a portion of Ai Chun's shares pledged - Total number of common shareholders at the end of the reporting period: 17,074 households[10] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (10,000 shares) | Holding Ratio (%) | Share Status | Pledged, Marked, or Frozen Shares (10,000 shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Ai Chun | Domestic Natural Person | 6,932.2 | 33.18 | Pledged | 1,708 | | Chongqing Shenchi Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 2,800 | 13.40 | None | 0 | | Chongqing Shenchi Industrial Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 2,722.216 | 13.03 | None | 0 | | Ai Li | Domestic Natural Person | 1,127.784 | 5.40 | None | 0 | | Shao Lijun | Domestic Natural Person | 418.43 | 2.00 | None | 0 | | Ren Juan | Domestic Natural Person | 311.61 | 1.49 | None | 0 | | Zhang Chaobo | Domestic Natural Person | 130.606 | 0.63 | None | 0 | | Sichuan Hebang Investment Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 94.81 | 0.45 | None | 0 | | China Merchants Bank Co., Ltd. - Taikang Quality Life Mixed Securities Investment Fund | Unknown | 90 | 0.43