中马传动(603767) - 2023 Q3 - 季度财报

Key Information Disclosure This section provides essential declarations regarding the quarterly report's accuracy and audit status Company Statement The company's board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, assuming legal responsibility for its content - The company's board of directors, supervisory board, directors, supervisors, and senior management bear legal responsibility for the truthfulness, accuracy, and completeness of the quarterly report content[2] - Company head Liang Xiaorui, chief accountant Zhang Chunsheng, and head of accounting department Wu Minli guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] Financial Statement Audit Status The financial statements for the third quarter of this reporting period are unaudited - The third-quarter financial statements are unaudited[4] I. Key Financial Data This section presents the company's main accounting data and financial indicators, highlighting changes and their underlying reasons (I) Key Accounting Data and Financial Indicators The company's key financial data for Q3 2023 and year-to-date shows year-over-year growth in revenue and net profit, with significant growth in net profit attributable to shareholders, alongside increases in basic and diluted EPS; total assets slightly increased, while equity attributable to shareholders slightly decreased Key Accounting Data and Financial Indicators (Unit: Yuan, Currency: RMB) | Item | Current Reporting Period | YoY Change in Current Reporting Period (%) | Year-to-Date | YoY Change in Year-to-Date (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 303,214,612.82 | 5.40 | 809,534,509.76 | 9.46 | | Net Profit Attributable to Listed Company Shareholders | 30,212,242.30 | 8.15 | 66,090,059.41 | 42.35 | | Net Profit Attributable to Listed Company Shareholders Excluding Non-Recurring Gains and Losses | 28,498,049.56 | 9.02 | 63,036,817.19 | 130.41 | | Net Cash Flow from Operating Activities | Not Applicable | Not Applicable | 189,215,399.02 | 81.10 | | Basic Earnings Per Share (Yuan/share) | 0.10 | 11.11 | 0.21 | 40.00 | | Diluted Earnings Per Share (Yuan/share) | 0.10 | 11.11 | 0.21 | 40.00 | | Weighted Average Return on Net Assets (%) | 2.09 | Increased by 0.19 percentage points | 4.52 | Increased by 1.38 percentage points | | Item | End of Current Reporting Period | End of Previous Year | Change from Previous Year-End (%) | | | Total Assets | 1,891,663,680.68 | 1,854,617,901.32 | 2.00 | | | Owners' Equity Attributable to Listed Company Shareholders | 1,451,391,871.19 | 1,466,885,071.89 | -1.06 | | (II) Non-Recurring Gains and Losses Items and Amounts The company disclosed non-recurring gains and losses for the current period and year-to-date, primarily including government subsidies, non-current asset disposal gains/losses, and other non-operating income/expenses, which collectively impacted net profit Non-Recurring Gains and Losses Items and Amounts (Unit: Yuan, Currency: RMB) | Item | Amount for Current Reporting Period | Year-to-Date Amount | Explanation | | :--- | :--- | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | 55,440.90 | -24,141.17 | | | Government Subsidies Included in Current Profit and Loss | 1,583,382.79 | 4,250,977.91 | | | Reversal of Impairment Provisions for Receivables and Contract Assets Subject to Separate Impairment Testing | 228.31 | 79,321.24 | | | Other Non-Operating Income and Expenses Apart from the Above | 75,140.74 | -1,079,691.00 | | | Less: Income Tax Impact | | 173,224.76 | | | Total | 1,714,192.74 | 3,053,242.22 | | (III) Changes and Reasons for Key Accounting Data and Financial Indicators Year-to-date net profit attributable to shareholders and net profit excluding non-recurring items significantly increased due to lower material procurement costs; operating cash flow also rose sharply from reduced payments for goods, while prepayments and other receivables decreased, and other current assets, long-term deferred expenses, other non-current assets, and contract liabilities increased Changes and Reasons for Key Accounting Data and Financial Indicators | Item Name | Change Ratio (%) | Primary Reason | | :--- | :--- | :--- | | Net Profit Attributable to Listed Company Shareholders_Year-to-Date | 42.35 | Primarily due to a decrease in material procurement prices for the company's product costs | | Net Profit Attributable to Listed Company Shareholders Excluding Non-Recurring Gains and Losses_Year-to-Date | 130.41 | Primarily due to a decrease in material procurement prices for the company's product costs | | Net Cash Flow from Operating Activities_Year-to-Date | 81.10 | Due to a decrease in material procurement prices, leading to reduced payments for goods | | Basic Earnings Per Share_Year-to-Date | 40.00 | Due to an increase in the company's net profit | | Diluted Earnings Per Share_Year-to-Date | 40.00 | Due to an increase in the company's net profit | | Prepayments | -43.35 | Due to a decrease in the company's prepayments | | Other Current Assets | 621.05 | Due to an increase in the company's VAT deductible amount | | Other Receivables | -55.08 | Due to a decrease in the company's other receivables | | Long-Term Deferred Expenses | 127.26 | Due to an increase in the company's molds | | Other Non-Current Assets | 65.91 | Due to an increase in the company's long-term asset prepayments | | Contract Liabilities | 108.54 | Due to an increase in the company's advance receipts for goods | | Other Payables | -57.40 | Due to a decrease in the company's other payables | II. Shareholder Information This section details the total number of shareholders and the holdings of the top ten shareholders, including information on related parties (I) Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 50,271 common shareholders; Wenling Zhongtai Investment Co., Ltd. and Zhongma Group Co., Ltd. are the top two shareholders with 30.31% and 25.78% stakes respectively, with Wenling Zhongtai, Zhongma Group, Wu Liangxing, and Wu Jiang identified as parties acting in concert, and Mr. Wu Jiang's share inheritance is pending completion - Total number of common shareholders at the end of the reporting period was 50,271[11] Top 10 Shareholders' Holdings (Unit: shares) | Shareholder Name | Shareholder Nature | Number of Shares Held | Shareholding Ratio (%) | Number of Restricted Shares Held | Pledge, Mark, or Freeze Status Share Status | Pledge, Mark, or Freeze Status Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Wenling Zhongtai Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 93,556,478 | 30.31 | 0 | Yuan | 0 | | Zhongma Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 79,553,522 | 25.78 | 0 | Yuan | 0 | | Wu Liangxing | Domestic Natural Person | 21,000,000 | 6.80 | 0 | Yuan | 0 | | Wu Jiang | Domestic Natural Person | 9,800,000 | 3.18 | 0 | Yuan | 0 | | Zhang Chunsheng | Domestic Natural Person | 3,785,000 | 1.23 | 0 | Yuan | 0 | | Liu Qinglin | Domestic Natural Person | 2,827,100 | 0.92 | 0 | Yuan | 0 | | Wang Yi | Domestic Natural Person | 2,094,400 | 0.68 | 0 | Yuan | 0 | | Qi Zikun | Domestic Natural Person | 1,824,000 | 0.59 | 0 | Yuan | 0 | | Huang Junhui | Domestic Natural Person | 1,641,200 | 0.53 | 0 | Yuan | 0 | | Jiao Xiaoya | Domestic Natural Person | 1,141,900 | 0.37 | 0 | Yuan | 0 | - Wenling Zhongtai Investment Co., Ltd., Zhongma Group Co., Ltd., Wu Liangxing, and Wu Jiang are parties acting in concert, with Wu Liangxing and Wu Jiang being father and son; Mr. Wu Jiang passed away due to illness, and the inheritance of his directly and indirectly held company shares is not yet complete[12] III. Other Reminders This section addresses any other important information regarding the company's operating performance that investors should be aware of Other Important Information Regarding the Company's Operating Performance During the Reporting Period Requiring Investor Attention The company states there is no other significant operating information during the reporting period that requires special attention from investors - There is no other important operating information during the reporting period that requires investor attention[13] IV. Quarterly Financial Statements This section presents the company's quarterly financial statements, including audit status and detailed financial reports (I) Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[13] (II) Financial Statements This section details the company's consolidated and parent company financial statements for Q3 2023, including the balance sheet, income statement, and cash flow statement, comprehensively reflecting the financial position, operating results, and cash flows at the end of the reporting period Consolidated Balance Sheet Consolidated Balance Sheet Key Data (Unit: Yuan) | Item | September 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Monetary Funds | 370,353,520.33 | 337,749,507.61 | | Accounts Receivable | 306,273,700.65 | 274,641,462.38 | | Inventories | 204,882,203.92 | 194,843,027.08 | | Total Current Assets | 977,558,313.17 | 937,683,836.97 | | Total Non-Current Assets | 914,105,367.51 | 916,934,064.35 | | Total Assets | 1,891,663,680.68 | 1,854,617,901.32 | | Notes Payable | 116,405,000.00 | 124,790,000.00 | | Accounts Payable | 237,338,287.56 | 171,069,486.97 | | Contract Liabilities | 9,644,569.40 | 4,624,899.41 | | Total Current Liabilities | 381,312,481.03 | 321,883,923.06 | | Total Liabilities | 440,271,809.49 | 387,732,829.43 | | Total Owners' Equity Attributable to Parent Company | 1,451,391,871.19 | 1,466,885,071.89 | | Total Liabilities and Owners' Equity | 1,891,663,680.68 | 1,854,617,901.32 | - As of September 30, 2023, the company's total assets increased by 2.00% compared to the end of 2022, with total current liabilities increasing by 18.46%, primarily due to increases in accounts payable and contract liabilities[5][16] Consolidated Income Statement Consolidated Income Statement Key Data (First Three Quarters of 2023, Unit: Yuan) | Item | First Three Quarters of 2023 (Jan-Sep) | First Three Quarters of 2022 (Jan-Sep) | | :--- | :--- | :--- | | Total Operating Revenue | 809,534,509.76 | 739,599,558.15 | | Total Operating Costs | 740,518,949.16 | 708,080,330.83 | | Operating Profit | 73,163,076.10 | 49,880,352.22 | | Total Profit | 72,083,385.10 | 49,819,506.46 | | Net Profit | 66,090,059.41 | 46,427,939.07 | | Net Profit Attributable to Parent Company Shareholders | 66,090,059.41 | 46,427,939.07 | | Basic Earnings Per Share (Yuan/share) | 0.21 | 0.15 | | Diluted Earnings Per Share (Yuan/share) | 0.21 | 0.15 | - Consolidated total operating revenue for the first three quarters of 2023 increased by 9.46% year-over-year, and net profit increased by 42.35%, primarily benefiting from effective control of operating costs and reduced financial expenses[4][19] Consolidated Cash Flow Statement Consolidated Cash Flow Statement Key Data (First Three Quarters of 2023, Unit: Yuan) | Item | First Three Quarters of 2023 (Jan-Sep) | First Three Quarters of 2022 (Jan-Sep) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 189,215,399.02 | 104,480,590.87 | | Net Cash Flow from Investing Activities | -61,538,457.53 | -56,452,281.59 | | Net Cash Flow from Financing Activities | -92,233,500.00 | -91,794,300.00 | | Net Increase in Cash and Cash Equivalents | 34,860,623.22 | -46,534,816.53 | | Cash and Cash Equivalents at End of Period | 312,061,489.94 | 336,621,134.46 | - Net cash flow from operating activities significantly increased by 81.10% year-over-year, primarily due to reduced payments for goods resulting from lower material procurement prices[4][9][24] - Cash outflows from investing activities were mainly for the acquisition of fixed assets, intangible assets, and other long-term assets, while cash outflows from financing activities were primarily for dividend distribution, profit distribution, or interest payments[24][25] Parent Company Balance Sheet Parent Company Balance Sheet Key Data (Unit: Yuan) | Item | September 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Monetary Funds | 369,887,575.54 | 337,014,151.58 | | Accounts Receivable | 305,419,893.65 | 274,641,462.38 | | Inventories | 204,882,203.92 | 194,843,027.08 | | Total Current Assets | 973,383,666.38 | 936,933,314.54 | | Total Non-Current Assets | 914,485,907.42 | 918,785,790.62 | | Total Assets | 1,887,869,573.80 | 1,855,719,105.16 | | Notes Payable | 116,405,000.00 | 124,790,000.00 | | Accounts Payable | 232,945,067.40 | 169,268,604.74 | | Contract Liabilities | 9,644,569.40 | 4,624,899.41 | | Total Current Liabilities | 376,918,472.59 | 320,082,732.01 | | Total Liabilities | 435,877,801.05 | 385,931,638.38 | | Total Owners' Equity | 1,451,991,772.75 | 1,469,787,466.78 | | Total Liabilities and Owners' Equity | 1,887,869,573.80 | 1,855,719,105.16 | Parent Company Income Statement Parent Company Income Statement Key Data (First Three Quarters of 2023, Unit: Yuan) | Item | First Three Quarters of 2023 (Jan-Sep) | First Three Quarters of 2022 (Jan-Sep) | | :--- | :--- | :--- | | Operating Revenue | 808,751,200.59 | 739,599,558.15 | | Operating Profit | 73,762,977.66 | 51,388,168.84 | | Total Profit | 72,683,286.66 | 51,329,057.08 | | Net Profit | 66,689,960.97 | 47,937,489.69 | | Basic Earnings Per Share (Yuan/share) | 0.22 | 0.16 | | Diluted Earnings Per Share (Yuan/share) | 0.22 | 0.16 | - Parent company net profit for the first three quarters of 2023 increased by 39.12% year-over-year, consistent with consolidated trends, primarily benefiting from revenue growth and cost control[30][32] Parent Company Cash Flow Statement Parent Company Cash Flow Statement Key Data (First Three Quarters of 2023, Unit: Yuan) | Item | First Three Quarters of 2023 (Jan-Sep) | First Three Quarters of 2022 (Jan-Sep) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 189,461,072.26 | 103,726,159.59 | | Net Cash Flow from Investing Activities | -61,514,719.53 | -55,252,281.59 | | Net Cash Flow from Financing Activities | -92,233,500.00 | -91,794,300.00 | | Net Increase in Cash and Cash Equivalents | 35,130,034.46 | -46,089,247.81 | | Cash and Cash Equivalents at End of Period | 311,605,199.74 | 335,723,353.09 | - Parent company net cash flow from operating activities significantly increased by 82.66% year-over-year, consistent with consolidated trends, demonstrating strong operating cash flow generation capability[32]