天新药业(603235) - 2022 Q3 - 季度财报

Main Financial Data This section provides an overview of the company's key financial performance and position, highlighting significant changes driven by its recent IPO Key Accounting Data and Financial Indicators The company's Q3 2022 revenue grew 3.55% and net profit 18.18%, while year-to-date revenue slightly declined and net profit slightly increased, with significant asset and equity growth due to IPO Key Financial Indicators for Q1-Q3 2022 | Indicator | Year-to-Date (RMB) | Prior Year Same Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,750,311,425.71 | 1,758,836,959.51 | -0.48% | | Net Profit Attributable to Shareholders | 551,180,610.84 | 546,605,079.26 | 0.84% | | Net Cash Flow from Operating Activities | 489,810,158.77 | 665,284,514.50 | -26.38% | | Basic Earnings Per Share (RMB/share) | 1.37 | 1.39 | -1.44% | | Weighted Average Return on Net Assets (%) | 21.83% | 38.27% | Decrease of 16.44 percentage points | | Balance Sheet Indicators | End of Reporting Period (RMB) | End of Prior Year (RMB) | Period-end vs. Year-start Change (%) | | Total Assets | 4,800,743,803.11 | 2,952,268,631.24 | 62.61% | | Owners' Equity Attributable to Shareholders | 3,984,563,120.27 | 1,908,697,392.11 | 108.76% | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled RMB 45.91 million in Q1-Q3 2022, primarily from government grants and fair value changes, impacting the difference in net profit Key Non-recurring Gains and Losses Items for Q1-Q3 2022 | Item | Year-to-Date Amount (RMB) | Explanation | | :--- | :--- | :--- | | Government Grants Included in Current Profit/Loss | 49,270,832.76 | - | | Fair Value Changes from Transactional Financial Assets | 6,404,382.06 | - | | Other Non-operating Income and Expenses | -1,905,796.89 | - | | Gains/Losses from Entrusted Investments or Asset Management | 716,327.30 | - | | Total | 45,909,238.17 | - | Analysis of Changes in Key Financial Indicators Total assets and owners' equity significantly increased at period-end, primarily driven by the company's July 2022 IPO and subsequent capital and retained earnings growth - Total assets increased by 62.61% from the end of the previous year, primarily due to the issuance of 43.78 million shares from the company's IPO in July 2022[18] - Owners' equity attributable to shareholders increased by 108.76% from the end of the previous year, mainly due to the company's July 2022 IPO share increase and a rise in retained earnings since October 2021[18] Shareholder Information This section details the company's shareholder structure, including the total number of shareholders and the holdings of its top investors Shareholding Status The company has 29,239 common shareholders, with a highly concentrated equity structure where the top four shareholders hold over 81%, and Xu Jiangnan and Xu Jing are co-actual controllers - The total number of common shareholders was 29,239 at the end of the reporting period[19] Top Ten Shareholder Holdings | Shareholder Name | Shareholding Ratio (%) | Number of Shares | Share Nature | | :--- | :--- | :--- | :--- | | Xu Jiangnan | 46.51 | 203,603,970 | Domestic Natural Person | | Xu Jing | 13.50 | 59,110,830 | Domestic Natural Person | | Wang Guangtian | 12.98 | 56,803,200 | Domestic Natural Person | | Qiu Qinyong | 8.11 | 35,502,000 | Domestic Natural Person | | Tiantai County Houding Investment Management Partnership | 5.48 | 24,000,000 | Other | | Chen Weimin | 2.51 | 10,980,000 | Domestic Natural Person | - Xu Jiangnan is the controlling shareholder and actual controller of the company; Xu Jing, his daughter, is a co-actual controller, with some holding platforms also controlled by Xu Jiangnan[22] Other Important Reminders This section confirms the absence of any other significant operational information requiring special attention from investors Other Important Information The company has no other significant operating information requiring special investor attention during this reporting period - The company has no other significant information requiring investor attention during the reporting period[23] Quarterly Financial Statements This section presents the detailed consolidated and parent company financial statements for the reporting period Consolidated Balance Sheet As of September 30, 2022, total assets reached RMB 4.801 billion (up 62.61%), driven by cash and financial assets, while total liabilities decreased, and owners' equity grew to RMB 3.985 billion (up 108.76%) due to IPO and profit accumulation Key Items from Consolidated Balance Sheet | Item | September 30, 2022 (RMB) | December 31, 2021 (RMB) | Change Rate (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,663,391,095.12 | 717,082,892.09 | 131.97% | | Transactional Financial Assets | 745,000,000.00 | 0.00 | N/A | | Inventories | 471,291,732.33 | 405,539,909.61 | 16.21% | | Fixed Assets | 1,077,115,687.35 | 1,120,307,499.35 | -3.85% | | Total Assets | 4,800,743,803.11 | 2,952,268,631.24 | 62.61% | | Short-term Borrowings | 150,133,611.11 | 300,301,888.89 | -50.01% | | Total Liabilities | 816,180,682.84 | 1,043,571,239.13 | -21.79% | | Share Capital | 437,780,000.00 | 394,000,000.00 | 11.11% | | Capital Reserves | 1,974,481,303.12 | 493,576,185.81 | 300.03% | | Retained Earnings | 1,375,301,817.15 | 824,121,206.30 | 66.88% | | Total Owners' Equity | 3,984,563,120.27 | 1,908,697,392.11 | 108.76% | Consolidated Income Statement Q1-Q3 2022 operating revenue was RMB 1.75 billion (down 0.48%), with net profit attributable to shareholders at RMB 551 million (up 0.84%) due to reduced financial expenses, maintaining stable profitability Key Items from Consolidated Income Statement (Q1-Q3 2022) | Item | Jan-Sep 2022 (RMB) | Jan-Sep 2021 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,750,311,425.71 | 1,758,836,959.51 | -0.48% | | Operating Cost | 1,055,478,461.23 | 985,359,724.22 | 7.12% | | R&D Expenses | 60,697,200.01 | 41,828,851.82 | 45.12% | | Financial Expenses | -98,544,069.87 | 17,985,876.85 | -647.90% | | Operating Profit | 650,997,777.79 | 649,306,548.26 | 0.26% | | Total Profit | 648,400,849.46 | 647,745,266.76 | 0.10% | | Net Profit | 551,180,610.84 | 546,605,079.26 | 0.84% | | Basic Earnings Per Share (RMB/share) | 1.37 | 1.39 | -1.44% | Consolidated Cash Flow Statement Q1-Q3 2022 saw operating cash flow at RMB 490 million (down 26.38%), significant investment outflow of RMB 918 million, and financing inflow of RMB 1.321 billion from IPO, leading to a net cash increase of RMB 971 million Key Items from Consolidated Cash Flow Statement (Q1-Q3 2022) | Item | Jan-Sep 2022 (RMB) | Jan-Sep 2021 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 489,810,158.77 | 665,284,514.50 | -26.38% | | Net Cash Flow from Investing Activities | -917,529,639.73 | -103,183,388.35 | -789.21% | | Net Cash Flow from Financing Activities | 1,320,647,488.87 | -848,852,974.72 | 255.58% | | Effect of Exchange Rate Changes on Cash | 78,027,176.51 | -11,559,709.47 | 775.00% | | Net Increase in Cash and Cash Equivalents | 970,955,184.42 | -298,311,558.04 | 425.58% | Parent Company's Key Financial Statements Parent company financials show similar trends to consolidated, with Q1-Q3 2022 revenue at RMB 1.745 billion and net profit at RMB 558 million, improved asset-liability structure post-IPO, and strong operating and financing cash inflows Parent Company's Core Financial Data | Indicator | Sep 30, 2022 / Jan-Sep 2022 (RMB) | Dec 31, 2021 / Jan-Sep 2021 (RMB) | Change Rate (%) | | :--- | :--- | :--- | :--- | | Total Assets | 4,719,832,187.22 | 2,917,998,824.07 | 61.75% | | Total Owners' Equity | 3,981,655,279.16 | 1,899,453,239.51 | 109.62% | | Operating Revenue | 1,744,819,100.49 | 1,753,880,834.89 | -0.52% | | Net Profit | 557,516,922.35 | 566,926,600.85 | -1.66% | | Net Cash Flow from Operating Activities | 573,751,410.29 | 674,825,765.09 | -14.98% |