海鸥股份(603269) - 2023 Q3 - 季度财报

Major Financial Data Key Accounting Data and Financial Indicators In Q3 2023, the company's operating revenue grew by 20.72% year-over-year, while net profit attributable to the parent company decreased by 18.52%; year-to-date, revenue slightly increased by 4.43%, but net profit attributable to the parent company declined by 6.09%, with strong operating cash flow growth in both periods Key Financial Indicators for Q3 2023 and Year-to-Date | Indicator | Current Period (Q3) | YoY Change (%) | Year-to-Date (YTD) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 323,132,844.17 | 20.72 | 882,603,545.91 | 4.43 | | Net Profit Attributable to Parent (RMB) | 15,433,420.43 | -18.52 | 37,073,808.98 | -6.09 | | Net Cash Flow from Operating Activities (RMB) | 70,672,145.15 | 5,896.54 | 142,246,914.53 | 370.76 | | Basic Earnings Per Share (RMB/share) | 0.10 | -16.67 | 0.24 | -4.00 | Key Balance Sheet Indicators at Period End | Indicator | Current Period End | Previous Year End | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (RMB) | 3,413,353,252.70 | 2,642,046,365.52 | 29.19 | | Equity Attributable to Parent (RMB) | 941,399,578.80 | 939,907,063.01 | 0.16 | Non-Recurring Gains and Losses Items and Amounts The company's Q3 non-recurring gains and losses totaled RMB 0.927 million, primarily from other non-operating income/expenses and fair value changes, while year-to-date non-recurring items resulted in a net loss of RMB 0.049 million Major Non-Recurring Gains and Losses Items | Item | Current Period Amount (RMB) | Year-to-Date Amount (RMB) | | :--- | :--- | :--- | | Government Grants | -105,359.63 | 1,537,302.10 | | Gains/Losses from Fair Value Changes and Disposal of Financial Assets | 286,067.72 | 681,447.72 | | Other Non-Operating Income and Expenses | 942,097.39 | -1,309,059.00 | | Total | 927,021.37 | -48,889.25 | Explanation of Changes in Key Financial Indicators Net cash flow from operating activities significantly increased during the reporting period, with a 5,896.54% year-over-year growth in Q3 and 370.76% year-to-date, primarily due to increased cash receipts from goods sold - Net cash flow from operating activities significantly increased, primarily due to higher cash receipts from goods sold[10] - Q3 year-over-year growth of 5,896.54% - Year-to-date growth of 370.76% Shareholder Information Shareholding Status of Shareholders As of the reporting period end, the company had 8,935 common shareholders; the top two shareholders, Wu Zhuping (13.16% stake) and Jin Aoda (12.48% stake), act in concert, holding a combined 25.64% and jointly controlling the company - Total number of common shareholders at period-end was 8,935[11] Top Five Shareholders' Shareholding Status | Shareholder Name | Number of Shares Held (shares) | Shareholding Percentage (%) | | :--- | :--- | :--- | | Wu Zhuping | 20,737,500 | 13.16 | | Jin Aoda | 19,656,560 | 12.48 | | Yang Hua | 6,308,567 | 4.00 | | Gongqingcheng Tianbaoxing Investment Partnership (Limited Partnership) | 4,784,642 | 3.04 | | Zhang Zhongxie | 3,604,415 | 2.29 | - Shareholders Jin Aoda and Wu Zhuping signed a Concerted Action Agreement in 2014, forming a concerted action relationship, with Wu Zhuping's opinion prevailing in case of disagreement[12] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2023, total assets reached RMB 3.413 billion, a 29.19% increase from the beginning of the year, driven by current assets, especially cash and inventories; total liabilities rose by 45.70% due to significant increases in contract liabilities and short-term borrowings, leading to a higher asset-liability ratio Changes in Major Asset Items | Major Asset Item | September 30, 2023 (RMB) | December 31, 2022 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 561,003,663.08 | 230,176,971.07 | 143.73 | | Inventories | 1,383,200,630.82 | 1,019,713,036.01 | 35.65 | | Total Assets | 3,413,353,252.70 | 2,642,046,365.52 | 29.19 | Changes in Major Liabilities and Equity Items | Major Liabilities and Equity Item | September 30, 2023 (RMB) | December 31, 2022 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Short-term Borrowings | 474,375,732.28 | 343,036,978.61 | 38.29 | | Contract Liabilities | 1,223,225,768.81 | 654,867,666.49 | 86.79 | | Total Liabilities | 2,457,441,802.00 | 1,686,650,740.86 | 45.70 | | Equity Attributable to Parent | 941,399,578.80 | 939,907,063.01 | 0.16 | Consolidated Income Statement In the first three quarters of 2023, total operating revenue reached RMB 883 million, a 4.43% year-over-year increase; however, operating profit growth slowed due to increased operating costs, administrative expenses, and credit impairment losses, resulting in a net profit attributable to the parent company of RMB 37.07 million, down 6.09% year-over-year Key Data from 2023 Q1-Q3 Income Statement | Item (2023 Q1-Q3) | Amount (RMB) | 2022 Q1-Q3 Amount (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 882,603,545.91 | 845,141,980.27 | 4.43 | | Total Operating Costs | 828,302,402.42 | 794,285,984.85 | 4.28 | | Operating Profit | 49,093,612.26 | 47,046,511.76 | 4.35 | | Net Profit Attributable to Parent | 37,073,808.98 | 39,476,914.86 | -6.09 | - Profit decline was influenced by multiple cost and expense increases[19] - Administrative expenses increased by 19.30% (from RMB 80.84 million to RMB 96.45 million) - Credit impairment losses significantly increased by 119.8% (from -RMB 4.55 million to -RMB 9.99 million) Consolidated Cash Flow Statement In the first three quarters of 2023, the company's operating cash flow significantly improved, shifting from a net outflow of RMB 52.54 million to a net inflow of RMB 142 million, primarily due to increased sales collections; net cash flow from financing activities also substantially grew to RMB 134 million, with cash and cash equivalents at period-end increasing to RMB 429 million Overview of 2023 Q1-Q3 Cash Flow Statement | Item (Q1-Q3) | 2023 (RMB) | 2022 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 142,246,914.53 | -52,535,299.44 | | Net Cash Flow from Investing Activities | 1,428,039.24 | -10,934,045.36 | | Net Cash Flow from Financing Activities | 133,718,919.34 | 71,139,622.80 | | Cash and Cash Equivalents at Period End | 428,518,049.46 | 165,153,284.10 | - The core driver for improved operating cash flow was a 22.68% year-over-year increase in cash received from sales of goods and services, rising from RMB 808 million to RMB 991 million[22]