澳弘电子(605058) - 2023 Q3 - 季度财报

Important Notices The company's management guarantees the truthfulness, accuracy, and completeness of this unaudited quarterly report and assumes all corresponding legal responsibilities - The Board of Directors, Supervisory Committee, directors, supervisors, and senior management guarantee the quarterly report is true, accurate, and complete, free from false records, misleading statements, or major omissions, and bear individual and joint legal liability[2] - The company's person in charge, chief accounting officer, and head of the accounting department guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] - The third-quarter financial statements are unaudited[4] Key Financial Data The company's Q3 2023 revenue and net profit declined year-over-year, with total assets decreasing while shareholders' equity increased Key Accounting Data and Financial Indicators In Q3 2023, revenue and net profit attributable to shareholders decreased by 0.87% and 25.06% YoY respectively, reflecting a challenging quarter Key Financial Indicators for Q3 2023 and Year-to-Date | Item | Current Period (Q3) (CNY) | YoY Change (%) | Year-to-Date (YTD) (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 278,982,545.45 | -0.87 | 810,803,589.96 | -5.61 | | Net Profit Attributable to Shareholders of the Parent Company | 36,866,457.82 | -25.06 | 111,857,873.99 | -11.64 | | Net Profit Attributable to Shareholders of the Parent Company after Deducting Non-recurring Gains and Losses | 32,745,356.97 | -23.98 | 99,749,366.84 | -9.29 | | Net Cash Flow from Operating Activities | N/A | N/A | 107,353,043.19 | -9.76 | | Basic Earnings Per Share (CNY/share) | 0.26 | -23.53 | 0.78 | -12.36 | | Diluted Earnings Per Share (CNY/share) | 0.26 | -23.53 | 0.78 | -12.36 | | Weighted Average Return on Equity (%) | 2.33 | Decrease of 0.97 p.p. | 7.13 | Decrease of 1.42 p.p. | Balance Sheet Indicators (End of Period): | Item | End of Current Period (CNY) | End of Previous Year (CNY) | Change from Previous Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,325,166,597.96 | 2,421,638,425.63 | -3.98 | | Equity Attributable to Shareholders of the Parent Company | 1,597,821,588.48 | 1,527,439,059.88 | 4.61 | Non-recurring Gains and Losses Items and Amounts Non-recurring items, mainly government grants and fair value changes, contributed positively to net profit for the period and year-to-date Non-recurring Gains and Losses for Q3 2023 and Year-to-Date | Item | Current Period Amount (CNY) | Year-to-Date Amount (CNY) | Notes | | :--- | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | - | -19,357.95 | | | Government Grants Recognized in Current Profit or Loss | 4,248,280.05 | 6,871,475.97 | | | Fair value gains/losses from trading financial assets and investment income from their disposal | 585,657.23 | 7,338,264.88 | | | Other Non-operating Income and Expenses | 14,416.67 | 54,919.64 | | | Less: Income Tax Effect | 727,253.10 | 2,136,795.39 | | | Total | 4,121,100.85 | 12,108,507.15 | | - Non-recurring gains and losses contributed approximately CNY 4.12 million to net profit in the current reporting period and CNY 12.11 million year-to-date[5][10] Changes and Reasons for Key Accounting Data and Financial Indicators The company did not provide specific explanations for the changes in its key accounting data and financial indicators - The company did not disclose the situation and reasons for changes in key accounting data and financial indicators (□ Applicable √ Not Applicable)[10] Shareholder Information The company had 11,792 common shareholders, with the top two individuals holding a combined stake of over 60% and acting in concert with related entities Total Number of Common Shareholders and Shareholding of Top Ten Shareholders At period-end, Yang Jiuhong (44.08%) and Chen Dinghong (18.89%) were the largest shareholders among a total of 11,792 common shareholders - Total number of common shareholders at the end of the reporting period: 11,792[11] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Type | Number of Shares Held | Shareholding Ratio (%) | Number of Restricted Shares Held | Pledged, Marked, or Frozen Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Yang Jiuhong | Domestic Natural Person | 63,000,000 | 44.08 | 63,000,000 | None | | Chen Dinghong | Domestic Natural Person | 27,000,000 | 18.89 | 27,000,000 | None | | Changzhou Tulang Investment Partnership (LP) | Other | 5,000,000 | 3.50 | 5,000,000 | None | | Changzhou Tuyang Investment Partnership (LP) | Other | 5,000,000 | 3.50 | 5,000,000 | None | | Changzhou Ruitai No. 8 Venture Capital Center (LP) | Other | 1,438,590 | 1.01 | 0 | None | | Bank of China - Guojin Quantitative Multi-Factor Equity Securities Investment Fund | Other | 776,900 | 0.54 | 0 | None | | MERRILL LYNCH INTERNATIONAL | Foreign Legal Entity | 776,705 | 0.54 | 0 | None | | Huaxia Bank - Huaxia Zhisheng Pioneer Equity Securities Investment Fund (LOF) | Other | 692,900 | 0.48 | 0 | None | | Changzhou Zhongding Tiansheng Venture Capital Partnership (LP) | Other | 637,795 | 0.45 | 0 | None | | Chen Xiaoping | Domestic Natural Person | 550,000 | 0.38 | 0 | None | - Chen Dinghong, Yang Jiuhong, Changzhou Tulang Investment Partnership (LP), and Changzhou Tuyang Investment Partnership (LP) are parties acting in concert[12] Other Matters for Attention The company did not disclose any other significant operational information requiring special investor attention during the reporting period Other Important Information Regarding the Company's Operating Conditions for Investor Attention No other significant information regarding the company's operating conditions was disclosed for the reporting period - The company did not disclose other important information regarding its operating conditions during the reporting period that requires investor attention (□ Applicable √ Not Applicable)[14] Quarterly Financial Statements This section presents the unaudited consolidated balance sheet, income statement, and cash flow statement for the period Audit Opinion Type The quarterly financial statements have not been audited - The quarterly financial statements are unaudited[4][14] Financial Statements The statements reflect the company's financial position as of September 30, 2023, and its performance and cash flows for the first three quarters Consolidated Balance Sheet As of September 30, 2023, total assets stood at CNY 2.33 billion, a 3.98% decrease from year-end, while total liabilities fell by 18.66% Consolidated Balance Sheet Key Data (As of September 30, 2023) | Item | 2023-09-30 (CNY) | 2022-12-31 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 502,184,598.98 | 616,565,575.67 | -18.56 | | Trading Financial Assets | 323,453,226.67 | 268,582,051.89 | 20.43 | | Accounts Receivable | 369,036,534.03 | 347,970,124.08 | 6.05 | | Inventories | 266,865,654.93 | 280,653,388.91 | -4.91 | | Total Current Assets | 1,633,748,159.18 | 1,717,497,978.28 | -4.88 | | Fixed Assets | 599,966,977.37 | 564,784,210.48 | 6.23 | | Total Non-current Assets | 691,418,438.78 | 704,140,447.35 | -1.81 | | Total Assets | 2,325,166,597.96 | 2,421,638,425.63 | -3.98 | | Short-term Borrowings | 93,000,000.00 | 174,696,220.08 | -46.76 | | Notes Payable | 172,884,170.84 | 229,046,920.24 | -24.52 | | Accounts Payable | 313,810,151.41 | 388,694,938.13 | -19.26 | | Total Current Liabilities | 684,827,387.98 | 852,704,285.91 | -19.69 | | Total Liabilities | 727,345,009.48 | 894,199,365.75 | -18.66 | | Total Equity Attributable to Shareholders of the Parent Company | 1,597,821,588.48 | 1,527,439,059.88 | 4.61 | Consolidated Income Statement For the first three quarters of 2023, total revenue was CNY 811 million and net profit was CNY 112 million, down 5.61% and 11.64% YoY respectively Consolidated Income Statement Key Data (First Three Quarters of 2023) | Item | First Three Quarters 2023 (CNY) | First Three Quarters 2022 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 810,803,589.96 | 858,965,339.73 | -5.61 | | Cost of Sales | 601,165,438.41 | 658,831,095.08 | -8.75 | | Taxes and Surcharges | 4,420,161.87 | 3,498,369.75 | 26.35 | | Selling Expenses | 16,340,086.79 | 12,441,869.53 | 31.33 | | Administrative Expenses | 47,865,551.50 | 46,834,407.62 | 2.20 | | Research and Development Expenses | 42,744,280.12 | 41,607,600.52 | 2.73 | | Finance Costs | -19,660,070.83 | -32,630,032.70 | -39.77 | | Other Income | 7,031,827.09 | 5,340,748.77 | 31.67 | | Investment Income | 12,849,350.10 | 8,498,015.82 | 51.20 | | Gains from Changes in Fair Value | -5,511,085.22 | 4,847,674.89 | -213.69 | | Operating Profit | 122,948,811.65 | 140,762,318.83 | -12.65 | | Total Profit | 122,954,295.11 | 140,687,552.64 | -12.59 | | Net Profit | 111,857,873.99 | 126,590,384.57 | -11.64 | | Net Profit Attributable to Shareholders of the Parent Company | 111,857,873.99 | 126,590,384.57 | -11.64 | | Basic Earnings Per Share (CNY/share) | 0.78 | 0.89 | -12.36 | - Finance costs decreased significantly by 39.77% YoY, mainly due to an increase in interest income[22] - Gains from changes in fair value shifted from a profit to a loss, negatively impacting overall profits[22] Consolidated Cash Flow Statement Net operating cash flow was CNY 107 million, a 9.76% YoY decrease, while financing activities saw a significant net cash outflow of CNY 114 million Consolidated Cash Flow Statement Key Data (First Three Quarters of 2023) | Item | First Three Quarters 2023 (CNY) | First Three Quarters 2022 (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Cash Received from Sales of Goods and Rendering of Services | 664,547,883.01 | 655,772,235.84 | 1.34 | | Tax Refunds Received | 3,298,088.54 | 44,826,012.21 | -92.64 | | Subtotal of Cash Inflows from Operating Activities | 681,361,744.54 | 726,234,133.48 | -6.20 | | Cash Paid for Goods and Services | 329,750,227.10 | 385,476,416.48 | -14.46 | | Cash Paid to and for Employees | 129,122,245.29 | 119,215,050.22 | 8.31 | | Net Cash Flow from Operating Activities | 107,353,043.19 | 118,965,535.42 | -9.76 | | Subtotal of Cash Inflows from Investing Activities | 407,890,250.50 | 745,328,015.82 | -45.27 | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 101,827,997.24 | 257,753,451.54 | -60.50 | | Cash Paid for Investments | 412,000,000.00 | 670,000,000.00 | -38.51 | | Net Cash Flow from Investing Activities | -105,937,746.74 | -182,425,435.72 | 41.93 | | Cash Received from Borrowings | 93,000,000.00 | 198,738,333.33 | -53.20 | | Cash Paid for Repayment of Debts | 176,364,779.91 | 177,935,000.00 | -0.88 | | Net Cash Flow from Financing Activities | -114,219,740.42 | -3,201,431.40 | -3479.99 | | Net Increase in Cash and Cash Equivalents | -105,432,398.50 | -37,233,149.85 | -183.17 | | Ending Balance of Cash and Cash Equivalents | 473,149,918.27 | 567,643,506.26 | -16.79 | - Tax refunds received decreased sharply by 92.64%, significantly impacting cash inflows from operating activities[24] - Net cash flow from financing activities shifted from a small outflow to a large outflow, mainly due to reduced borrowings while debt repayments remained high[25]