骏亚科技(603386) - 2022 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators The company's core financial indicators declined in Q3 and the first three quarters of 2022 due to lower revenue and higher costs Key Financial Indicators for Q3 and First Three Quarters of 2022 | Item | Current Reporting Period (Q3) | YTD | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 0.608 billion RMB | 1.927 billion RMB | -1.73% | | Net Profit Attributable to Shareholders | 0.041 billion RMB | 0.116 billion RMB | -34.49% | | Net Profit Attributable to Shareholders (Non-recurring items deducted) | 0.040 billion RMB | 0.104 billion RMB | -32.49% | | Net Cash Flow from Operating Activities | N/A | 0.201 billion RMB | 12.32% | | Basic Earnings Per Share (RMB/Share) | 0.13 RMB | 0.36 RMB | -54.43% | | Weighted Average Return on Equity | 2.35% | 7.40% | Decreased by 7.70 percentage points | Key Balance Sheet Data at the End of the Reporting Period | Item | End of Current Period (2022-09-30) | End of Previous Year (2021-12-31) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3.467 billion RMB | 3.514 billion RMB | -1.34% | | Equity Attributable to Shareholders | 1.458 billion RMB | 1.535 billion RMB | -5.00% | - The company acquired Junya Intelligence, a business under common control, and consolidated its financial statements from September 2022, leading to a retrospective restatement of comparative financial data[8][9] Non-recurring Profit and Loss Items Non-recurring gains for the year-to-date period were mainly from government subsidies, partially offset by losses from a business combination Major Non-recurring Profit and Loss Items (YTD) | Item | Amount (Million RMB) | | :--- | :--- | | Government grants included in current profit or loss | 17.08 | | Net profit/loss of subsidiary from beginning of period to merger date for business combination under common control | -2.36 | | Other non-operating income and expenses | -0.33 | | Total | 12.09 | Analysis of Changes in Key Financial Indicators The sharp decline in net profit and EPS was driven by lower revenue, rising costs, and share dilution from a bonus issue - Net profit attributable to shareholders declined over 34% YoY for both the current quarter and year-to-date, mainly due to decreased revenue, increased costs, and lower government subsidies[12] - Basic and diluted EPS decreased by over 50% YoY for both the current quarter and year-to-date, primarily due to lower net profit and an increase in total share capital from the 2021 bonus issue[12] Shareholder Information Shareholder Holdings The company has a highly concentrated ownership structure, with the controlling shareholder holding over 60% of the shares - As of the end of the reporting period, the company had 21,612 common shareholders[14] Top Ten Shareholders | Shareholder Name | Shareholding Ratio (%) | Shareholder Type | | :--- | :--- | :--- | | Junya Enterprise Co, Ltd | 60.26 | Foreign Legal Entity | | Chen Xingnong | 2.55 | Domestic Individual | | Guangdong Daxing Huaqi Asset Management - Daxing Huaqi Fendou No. 5 Private Equity Fund | 2.39 | Other | | Huizhou Innovation Investment Co, Ltd | 1.13 | State-owned Legal Entity | | Gao Rongshun | 0.81 | Domestic Individual | - Individual shareholders Chen Xingnong, Chen Shaode, Yan Gengsheng, and Xie Xiang are related parties acting in concert, and "Daxing Huaqi Fendou No. 5" is the platform for the company's second employee stock ownership plan[16] Quarterly Financial Statements Consolidated Balance Sheet Total assets slightly decreased, while a significant increase in construction in progress indicates substantial capital investment Key Items of the Consolidated Balance Sheet | Item | Sep 30, 2022 (Billion RMB) | Dec 31, 2021 (Billion RMB) | Change | | :--- | :--- | :--- | :--- | | Assets | | | | | Total current assets | 1.370 | 1.589 | Decrease | | Total non-current assets | 2.097 | 1.925 | Increase | | Total Assets | 3.467 | 3.514 | -1.34% | | Liabilities | | | | | Total current liabilities | 1.689 | 1.715 | Decrease | | Total non-current liabilities | 0.319 | 0.264 | Increase | | Total Liabilities | 2.009 | 1.979 | +1.52% | | Shareholders' Equity | 1.458 | 1.535 | -5.00% | - Construction in progress increased by over 150% from 0.090 billion RMB to 0.226 billion RMB, indicating significant capital expenditure or project construction[18] - Capital reserve decreased from 0.834 billion RMB to 0.630 billion RMB, primarily due to the conversion of capital reserve to share capital as part of the 2021 profit distribution plan[19] Consolidated Income Statement Despite stable revenue in the first three quarters of 2022, rising operating expenses led to a sharp decline in net profit Core Data of Consolidated Income Statement (First Three Quarters 2022) | Item | First Three Quarters 2022 (Billion RMB) | First Three Quarters 2021 (Billion RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1.927 | 1.960 | -1.73% | | Total Operating Costs | 1.818 | 1.795 | +1.24% | | Of which: Cost of Revenue | 1.533 | 1.518 | +0.99% | | Selling Expenses | 0.061 | 0.045 | +35.78% | | Administrative Expenses | 0.118 | 0.104 | +13.67% | | R&D Expenses | 0.104 | 0.096 | +8.78% | | Operating Profit | 0.120 | 0.194 | -38.26% | | Net Profit Attributable to Parent Company | 0.116 | 0.178 | -34.49% | Consolidated Cash Flow Statement Robust operating cash flow was offset by higher investment outflows and a financing outflow, reducing the final cash balance Consolidated Cash Flow Statement (First Three Quarters 2022) | Item | First Three Quarters 2022 (Billion RMB) | First Three Quarters 2021 (Billion RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 0.201 | 0.179 | +12.32% | | Net Cash Flow from Investing Activities | -0.272 | -0.186 | Net outflow increased | | Net Cash Flow from Financing Activities | -0.024 | 0.107 | Shifted from positive to negative | | Net Increase in Cash and Cash Equivalents | -0.092 | 0.098 | Significant decrease | | Cash and Cash Equivalents at End of Period | 0.094 | 0.289 | -67.47% | - Net cash outflow from investing activities increased significantly, as cash paid for fixed and other long-term assets rose from 0.117 billion RMB to 0.255 billion RMB, reflecting an active investment strategy[26] - Cash flow from financing activities shifted from a net inflow to a net outflow, as cash outflows for debt repayment (0.543 billion RMB) and dividend distribution (0.118 billion RMB) exceeded inflows from borrowings (0.662 billion RMB)[27]