快克智能(603203) - 2023 Q3 - 季度财报

Report Overview This section covers important notices and the audit status of the financial statements Important Notice The board, supervisory board, and senior management guarantee the report's accuracy, with financial information verified by key personnel, and the statements are unaudited - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility[2] - The company's head, chief accountant, and head of accounting department 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 This section details the company's key financial performance and position, including revenue, net profit, and asset changes Key Accounting Data and Financial Indicators The company experienced year-on-year declines in operating revenue and net profit for both Q3 and YTD, with total assets and owners' equity also decreasing Key Financial Indicators for Q3 2023 and Year-to-Date | Item | Current Reporting Period (Q3 2023) (Yuan) | YoY Change (%) | Year-to-Date (YTD 2023) (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 190,368,375.23 | -19.15 | 593,359,650.40 | -10.56 | | Net Profit Attributable to Shareholders of Listed Company | 47,528,943.29 | -41.23 | 156,136,528.73 | -29.38 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | 37,343,951.88 | -50.36 | 130,089,447.13 | -33.25 | | Net Cash Flow from Operating Activities | Not applicable | Not applicable | 176,813,157.46 | -10.56 | | Basic Earnings Per Share (Yuan/share) | 0.19 | -42.42 | 0.62 | -30.34 | | Diluted Earnings Per Share (Yuan/share) | 0.19 | -42.42 | 0.62 | -30.34 | | Weighted Average Return on Net Assets (%) | 3.68 | Decreased by 2.76 percentage points | 11.32 | Decreased by 5.58 percentage points | Balance Sheet Indicators (As of September 30, 2023) | Item | End of Current Reporting Period (2023.09.30) (Yuan) | End of Previous Year (2022.12.31) (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,784,636,291.71 | 1,877,848,184.05 | -4.96 | | Owners' Equity Attributable to Shareholders of Listed Company | 1,331,497,086.35 | 1,402,129,625.55 | -5.04 | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled CNY 10.18 million for Q3 and CNY 26.05 million YTD, primarily from government subsidies and fair value changes Non-recurring Gains and Losses Items and Amounts | Item | Amount for Current Reporting Period (Yuan) | Amount Year-to-Date (Yuan) | | :--- | :--- | :--- | | Government Subsidies Included in Current Period Profit/Loss | 6,946,719.78 | 18,764,182.34 | | Fair Value Changes in Financial Assets Held for Trading and Investment Income | 5,475,537.50 | 12,810,990.96 | | Income Tax Impact | -1,710,187.18 | -4,381,444.31 | | Impact on Minority Interests (After Tax) | -218,962.05 | -664,697.14 | | Total | 10,184,991.41 | 26,047,081.60 | Analysis of Changes in Financial Indicators Net profit and non-recurring adjusted net profit significantly declined due to macroeconomic factors, consumer electronics cycles impacting sales, and reduced exchange gains - Net profit attributable to shareholders (current period -41.23%, YTD -29.38%) and net profit attributable to shareholders excluding non-recurring gains/losses (current period -50.36%, YTD -33.25%) decreased, primarily due to macroeconomic fluctuations and cyclical impacts on consumer electronics, leading to a year-on-year reduction in sales revenue[9] - A significant year-on-year decrease in exchange gains had a substantial impact on the net profit margin[9] - The decline in basic earnings per share and diluted earnings per share (current period -42.42%, YTD -30.34%) was mainly due to a decrease in net profit compared to the same period last year[9] Shareholder Information This section provides details on the company's shareholder structure, including the total number of shareholders and the top ten holders Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 9,946 common shareholders, with Changzhou Fuyun, Golden Pro., and Qi Guoqiang as top holders, identified as parties acting in concert - The total number of common shareholders at the end of the reporting period was 9,946 households[11] Top 10 Shareholders' Holdings (As of September 30, 2023) | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Holding Percentage (%) | | :--- | :--- | :--- | :--- | | Changzhou Fuyun Investment Consulting Co., Ltd. | Domestic Non-state-owned Legal Person | 75,109,298 | 30.08 | | Golden Pro. Enterprise Co., Limited | Overseas Legal Person | 61,453,194 | 24.61 | | Qi Guoqiang | Domestic Natural Person | 21,286,779 | 8.52 | | Beijing Huibao Jinyuan Investment Management Center (Limited Partnership) | Other | 5,457,348 | 2.19 | | Shanghai Hongshang Asset Management Center (Limited Partnership) - Hongshang Asset Hongli No. 2 Private Securities Investment Fund | Other | 4,780,000 | 1.91 | - Changzhou Fuyun Investment Consulting Co., Ltd., Golden Pro. Enterprise Co., Limited, Qi Guoqiang, and Zhuhai Abama Asset Management Co., Ltd. - Abama Yuexiang Hongli No. 60 Private Securities Investment Fund are parties acting in concert[13] Other Reminders This section highlights other significant events, specifically the acquisition of land use rights by a subsidiary Subsidiary Acquires Land Use Rights Wholly-owned subsidiary Jiangsu Quick Core Equipment Technology Co., Ltd. acquired state-owned construction land use rights for project development in Wujin National High-tech Zone - Wholly-owned subsidiary Jiangsu Quick Core Equipment Technology Co., Ltd. acquired state-owned construction land use rights for project construction, aligning with the company's strategic development needs[14] Quarterly Financial Statements This section presents the unaudited consolidated financial statements, including the balance sheet, income statement, and cash flow statement Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[15] Consolidated Balance Sheet As of September 30, 2023, total assets decreased by 4.96% to CNY 1.78 billion, with current assets at CNY 1.34 billion and total liabilities at CNY 426.40 million Consolidated Balance Sheet Key Data (As of September 30, 2023) | Item | September 30, 2023 (Yuan) | December 31, 2022 (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 96,861,537.10 | 577,658,468.06 | -83.22 | | Financial Assets Held for Trading | 722,888,706.00 | 344,281,000.00 | 109.97 | | Inventories | 252,762,134.62 | 212,867,041.82 | 18.74 | | Total Current Assets | 1,343,299,163.48 | 1,447,099,658.65 | -7.29 | | Total Non-current Assets | 441,337,128.23 | 430,748,525.40 | 2.46 | | Total Assets | 1,784,636,291.71 | 1,877,848,184.05 | -4.96 | | Short-term Borrowings | 5,000,000.00 | 14,500,000.00 | -65.49 | | Contract Liabilities | 61,533,005.94 | 44,751,495.96 | 37.59 | | Total Current Liabilities | 396,096,372.47 | 426,975,401.14 | -7.23 | | Total Non-current Liabilities | 30,305,869.39 | 20,920,486.38 | 44.87 | | Total Liabilities | 426,402,241.86 | 447,895,887.52 | -4.79 | | Total Owners' Equity Attributable to Parent Company | 1,331,497,086.35 | 1,402,129,625.55 | -5.04 | | Total Owners' Equity | 1,358,234,049.85 | 1,429,952,296.53 | -5.01 | - Cash and cash equivalents significantly decreased by 83.22% from CNY 578 million at the end of 2022 to CNY 97 million as of September 30, 2023[15] - Financial assets held for trading increased by 109.97% from CNY 344 million at the end of 2022 to CNY 723 million[16] Consolidated Income Statement For the first three quarters of 2023, total operating revenue decreased by 10.56% to CNY 593.36 million, with net profit down 30.26% to CNY 155.05 million, largely due to increased interest income Consolidated Income Statement Key Data (First Three Quarters of 2023) | Item | First Three Quarters of 2023 (Jan-Sep) (Yuan) | First Three Quarters of 2022 (Jan-Sep) (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 593,359,650.40 | 663,412,633.04 | -10.56 | | Total Operating Costs | 451,483,898.90 | 440,576,508.87 | 2.48 | | Of which: Operating Costs | 292,199,993.75 | 313,115,912.48 | -6.70 | | Selling Expenses | 52,978,714.59 | 51,071,515.04 | 3.73 | | Administrative Expenses | 28,267,749.97 | 32,564,612.76 | -13.19 | | Research and Development Expenses | 86,111,974.75 | 82,543,352.79 | 4.32 | | Financial Expenses | -12,352,661.71 | -44,440,478.72 | -72.21 | | Operating Profit | 170,725,262.89 | 251,338,480.19 | -32.08 | | Total Profit | 170,465,356.40 | 251,697,331.64 | -32.28 | | Net Profit | 155,050,821.25 | 222,055,388.69 | -30.26 | | Net Profit Attributable to Parent Company Shareholders | 156,136,528.73 | 221,105,226.56 | -29.38 | | Basic Earnings Per Share (Yuan/share) | 0.62 | 0.89 | -30.34 | - Financial expenses significantly decreased from CNY -44.44 million in the same period last year to CNY -12.35 million, primarily due to an increase in interest income from CNY 4.15 million to CNY 14.06 million[22] Consolidated Cash Flow Statement For the first three quarters of 2023, net cash flow from operating activities decreased by 10.56% to CNY 176.81 million, while investing activities turned negative due to increased investment payments Consolidated Cash Flow Statement Key Data (First Three Quarters of 2023) | Item | First Three Quarters of 2023 (Jan-Sep) (Yuan) | First Three Quarters of 2022 (Jan-Sep) (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 176,813,157.46 | 197,697,102.75 | -10.56 | | Net Cash Flow from Investing Activities | -115,022,960.14 | 200,524,234.78 | -157.36 | | Net Cash Flow from Financing Activities | -245,884,601.26 | -220,364,627.93 | 11.58 | | Net Increase in Cash and Cash Equivalents | -185,834,354.22 | 217,520,644.97 | -185.43 | | Cash and Cash Equivalents at End of Period | 92,861,537.10 | 478,628,307.52 | -80.59 | - Net cash flow from investing activities shifted from a positive CNY 201 million in the prior year to a negative CNY -115 million, primarily due to cash paid for investments increasing from CNY 1.23 billion to CNY 1.72 billion[27] - The net increase in cash and cash equivalents was CNY -186 million, leading to a significant decrease in the cash and cash equivalents balance at period-end to CNY 93 million[28]