Keeson(SH:603610)2023-10-30 16:00Report Overview Important Notice The company's board, supervisory board, and senior management guarantee the report's accuracy; financial statements are unaudited - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions3 - The company's responsible person, chief accountant, and head of accounting department guarantee the truthfulness, accuracy, and completeness of financial information in the quarterly report4 - The third-quarter financial statements are unaudited5 Key Financial Data Key Accounting Data and Financial Indicators Q3 revenue grew, but net profit attributable to shareholders declined; YTD net profit and EPS increased, while operating cash flow significantly decreased Key Financial Indicators for Q3 and YTD 2023 | Item | Current Period (Q3) (RMB) | YoY Change (%) (Q3) | Year-to-Date (YTD) (RMB) | YoY Change (%) (YTD) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 862,911,177.21 | 27.18 | 2,385,936,250.89 | 12.98 | | Net Profit Attributable to Shareholders of Listed Company | 64,856,318.30 | -6.17 | 186,620,056.78 | 11.92 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 115,922,836.17 | 36.62 | 217,877,445.64 | 4.06 | | Net Cash Flow from Operating Activities | N/A | N/A | 136,389,998.63 | -60.44 | | Basic Earnings Per Share (RMB/share) | 0.18 | -5.26 | 0.53 | 12.49 | | Diluted Earnings Per Share (RMB/share) | 0.18 | -5.26 | 0.53 | 12.49 | | Weighted Average Return on Net Assets (%) | 2.01% | decreased by 0.12 percentage points | 5.90% | increased by 0.77 percentage points | Balance Sheet Indicators as of Q3 2023 and Year-End 2022 | Item | Current Period End (Sep 30, 2023) (RMB) | Prior Year End (Dec 31, 2022) (RMB) | Change from Prior Year End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 5,025,677,868.08 | 4,674,590,507.92 | 7.51 | | Owners' Equity Attributable to Shareholders of Listed Company | 3,257,857,537.96 | 3,063,574,141.61 | 6.34 | Non-Recurring Gains and Losses Items and Amounts Total non-recurring gains and losses were negative, mainly due to occasional long-term equity investment losses and fair value changes Non-Recurring Gains and Losses Items and Amounts | Item | Amount for Current Period (Q3) (RMB) | Amount Year-to-Date (YTD) (RMB) | | :--- | :--- | :--- | | Disposal Gains and Losses of Non-Current Assets | 60,018.31 | -1,048,019.25 | | Government Subsidies Included in Current Profit and Loss | 1,023,330.08 | 8,440,767.15 | | Gains and Losses from Fair Value Changes and Disposal of Trading Financial Assets, etc. | -3,413,861.03 | 8,025,477.88 | | Other Non-Operating Income and Expenses | 90,424.41 | 3,873,886.19 | | Other Non-Recurring Gains and Losses (Occasional Long-Term Equity Investment Gains/Losses) | -47,752,237.68 | -47,752,237.68 | | Less: Income Tax Impact | 1,066,436.20 | 3,079,107.00 | | Impact on Minority Interests (After Tax) | 7,755.76 | 8,616.49 | | Total | -51,066,517.87 | -31,257,388.86 | Changes and Reasons for Key Accounting Data and Financial Indicators Significant changes occurred in financial indicators, including increased accounts receivable, short-term borrowings, and non-current liabilities, while operating cash flow decreased and selling expenses rose Changes and Reasons for Key Accounting Data and Financial Indicators | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Accounts Receivable_Current Period End | 98.84 | Mainly due to improved orders and increased sales | | Intangible Assets_Current Period End | 31.22 | Mainly due to the purchase of production land for the Vietnam factory | | Short-Term Borrowings_Current Period End | 48.21 | Mainly due to increased bank borrowings compared to the end of last year | | Non-Current Liabilities Due Within One Year_Current Period End | 199.42 | Mainly due to long-term borrowings reclassified as non-current liabilities due within one year | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses)_Current Period | 36.62 | Mainly due to increased sales revenue and higher gross profit margin | | Selling Expenses_Year-to-Date | 40.50 | Mainly due to increased domestic market marketing expenses | | Investment Income_Year-to-Date | N/A | Mainly due to changes in investment income from long-term equity investments accounted for using the equity method | | Fair Value Change Gains_Year-to-Date | N/A | Mainly due to fluctuations in the fair value of investment targets | | Credit Impairment Losses_Year-to-Date | N/A | Mainly due to increased accounts receivable | | Net Cash Flow from Operating Activities_Year-to-Date | -60.44 | Mainly due to decreased sales collection compared to the same period last year | | Net Cash Flow from Investing Activities_Year-to-Date | N/A | Mainly due to large redemptions of wealth management products in the same period last year | | Net Cash Flow from Financing Activities_Year-to-Date | -81.37 | Mainly due to decreased borrowings compared to the same period last year | Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Holdings The company had 20,161 common shareholders; Jiaxing Zhihai Investment Management Co., Ltd. was the largest, with some major shareholders' shares pledged, and Tang Guohai and Tang Ying acting in concert - As of the end of the reporting period, the total number of common shareholders was 20,161, with no preferred shareholders whose voting rights have been restored14 Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Holding Percentage (%) | Share Status | Pledged, Marked, or Frozen Shares (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Jiaxing Zhihai Investment Management Co., Ltd.