新澳股份(603889) - 2022 Q3 - 季度财报

Report Overview Important Notices This is the Q3 2022 report for Zhejiang Xinao Textiles Inc, whose content is guaranteed by its boards and management to be true, accurate, and complete, and is unaudited - The Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report's content[2] - The company's legal representative, chief accountant, and head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] - The quarterly financial statements are unaudited[4] I. Key Financial Data Key Accounting Data and Financial Indicators The company achieved steady performance growth in the first three quarters of 2022, with revenue and net profit attributable to parent up 15.51% and 31.85% YoY respectively Key Accounting Data and Financial Indicators (YTD Q3 vs Prior Year YTD) | Indicator | YTD Q3 | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 3,124,961,358.17 CNY | 15.51% | | Net Profit Attributable to Shareholders | 337,772,402.68 CNY | 31.85% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 297,002,683.90 CNY | 20.87% | | Basic Earnings Per Share (CNY/Share) | 0.66 | 32.00% | | Weighted Average Return on Equity (%) | 12.00% | Increase of 2.18 percentage points | Key Accounting Data and Financial Indicators (Q3 vs Prior Year Q3) | Indicator | Q3 | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,005,489,096.48 CNY | 6.34% | | Net Profit Attributable to Shareholders | 95,396,007.45 CNY | 14.17% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 93,572,090.72 CNY | 16.62% | | Basic Earnings Per Share (CNY/Share) | 0.19 | 18.75% | Non-recurring Profit and Loss Items and Amounts For the first three quarters of 2022, total non-recurring profit and loss was CNY 40.77 million, mainly from gains on disposal of non-current assets and government grants Non-recurring Profit and Loss Items (YTD Q3) | Item | YTD Amount (CNY) | | :--- | :--- | | Gain/Loss on Disposal of Non-current Assets | 35,209,503.03 | | Government Grants Recognized in Current Profit or Loss | 12,298,958.50 | | Other Non-operating Income/Expenses and Investment Gains/Losses | 2,256,585.97 | | Less: Impact of Income Tax and Minority Interests | -8,995,328.72 | | Total | 40,769,718.78 | Analysis of Major Financial Indicator Changes Significant changes in key financial indicators were driven by revenue growth, foreign exchange gains, asset disposal proceeds, and increased business volume - Net profit attributable to parent company shareholders (YTD Q3) increased by 31.85% YoY, primarily due to revenue growth in the current period[10] - Financial expenses (YTD Q3) decreased by 72.84% YoY, mainly due to increased foreign exchange gains from the appreciation of the US dollar[10] - Gain on disposal of assets (YTD Q3) surged by 49,360.05% YoY, primarily from compensation for the expropriation of state-owned land and buildings[10] - Accounts receivable increased by 85.82% from the prior year-end, driven by higher business volume and outstanding payments at the period end[10] - Other receivables surged by 1,373.95% from the prior year-end, mainly due to receivables from land and building expropriation compensation[11] II. Shareholder Information Shareholder Holdings As of the reporting period end, the company had 15,588 common shareholders, with a concentrated ownership structure where the top two shareholders hold over 45% - The total number of common shareholders was 15,588 at the end of the reporting period[13] Top Two Shareholders' Holdings | Shareholder Name | Shares Held | Ownership (%) | | :--- | :--- | :--- | | Zhejiang Xinao Industrial Co., Ltd. | 159,120,000 | 31.09 | | Shen Jianhua | 74,194,705 | 14.50 | - Shareholder Shen Jianhua is the controlling shareholder and chairman of Zhejiang Xinao Industrial Co., Ltd, forming a concert party relationship[14] III. Other Important Matters Information Requiring Investor Attention The company has no other significant operational information requiring special investor attention during the reporting period - The company has no other significant information requiring special investor attention during this reporting period[15] IV. Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2022, total assets grew to CNY 4.54 billion and equity to CNY 2.89 billion, driven by increases in cash, receivables, and new borrowings Key Items from Consolidated Balance Sheet (2022-09-30 vs 2021-12-31) | Item | 2022-09-30 (CNY) | 2021-12-31 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 4,542,233,697.97 | 3,972,757,585.80 | 14.33% | | Cash and Cash Equivalents | 939,078,406.12 | 641,824,136.59 | 46.31% | | Accounts Receivable | 491,578,591.86 | 264,543,829.59 | 85.82% | | Inventories | 1,579,102,272.77 | 1,497,354,189.79 | 5.46% | | Total Liabilities | 1,574,592,852.59 | 1,195,733,848.17 | 31.68% | | Notes Payable | 188,014,792.41 | 56,550,000.00 | 232.48% | | Long-term Borrowings | 150,459,319.44 | 0.00 | 100.00% | | Equity Attributable to Parent Company | 2,893,723,793.82 | 2,717,728,026.53 | 6.48% | Consolidated Income Statement In the first three quarters of 2022, total revenue reached CNY 3.13 billion and net profit attributable to parent was CNY 338 million, up 15.51% and 31.85% YoY respectively Key Items from Consolidated Income Statement (YTD Q3 2022 vs YTD Q3 2021) | Item | YTD Q3 2022 (CNY) | YTD Q3 2021 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 3,124,961,358.17 | 2,705,461,267.51 | 15.51% | | Total Operating Costs | 2,751,501,094.30 | 2,397,420,453.51 | 14.77% | | Gain on Disposal of Assets | 35,839,602.26 | 72,461.72 | 49360.05% | | Operating Profit | 403,809,483.23 | 308,100,788.55 | 31.06% | | Net Profit Attributable to Parent Company | 337,772,402.68 | 256,172,900.27 | 31.85% | | Basic Earnings Per Share (CNY/Share) | 0.66 | 0.50 | 32.00% | Consolidated Cash Flow Statement Operating cash flow improved significantly to a net inflow of CNY 258 million in the first three quarters of 2022, boosting the closing cash balance to CNY 921 million Consolidated Cash Flow Statement Summary (YTD Q3 2022 vs YTD Q3 2021) | Item | YTD Q3 2022 (CNY) | YTD Q3 2021 (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 258,367,077.37 | -378,739,160.56 | | Net Cash Flow from Investing Activities | -91,431,773.99 | 21,656,228.48 | | Net Cash Flow from Financing Activities | 113,964,109.19 | 259,455,305.36 | | Net Increase in Cash and Cash Equivalents | 279,192,424.37 | -103,277,759.74 | | Cash and Cash Equivalents at End of Period | 921,016,560.96 | 519,325,885.43 |