法狮龙(605318) - 2021 Q3 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators In Q3 and the first three quarters of 2021, the company achieved significant year-on-year growth in revenue and net profit, despite a substantial decrease in net cash flow from operating activities Core Income Statement Indicators for Q3 and YTD 2021 | Indicator | Current Period (Q3) (RMB) | Year-on-Year Growth (%) | Year-to-Date (Q1-Q3) (RMB) | Year-on-Year Growth (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 199,469,300.49 | 76.93 | 437,176,118.51 | 61.53 | | Net Profit Attributable to Shareholders | 12,025,779.02 | 71.09 | 40,377,192.84 | 35.99 | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | 11,413,918.25 | 100.14 | 38,741,669.95 | 56.08 | | Basic Earnings Per Share (RMB/share) | 0.09 | 28.57 | 0.31 | 6.90 | Key Balance Sheet and Cash Flow Indicators at Period End | Indicator | Period-End Value (RMB) | Growth from Previous Year-End (%) | | :--- | :--- | :--- | | Total Assets | 1,223,578,284.06 | 9.16 | | Owners' Equity Attributable to Shareholders | 851,945,295.05 | 0.19 | | Net Cash Flow from Operating Activities (YTD) | 7,655,788.43 | -76.73 | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses positively impacted net profit, totaling 1.64 million RMB year-to-date, primarily from government subsidies and financial asset gains Major Non-recurring Gains and Losses Items YTD | Item | Amount (RMB) | | :--- | :--- | | Government Subsidies Included in Current Profit/Loss | 1,214,783.13 | | Gains/Losses from Financial Assets | 1,974,470.30 | | Gains/Losses from Disposal of Non-current Assets | -844,029.20 | | Other Non-operating Income and Expenses | -231,313.33 | | Income Tax Impact | -478,388.01 | | Total | 1,635,522.89 | Analysis of Major Financial Indicator Changes Strong revenue and profit growth are attributed to increased sales volume, while a significant decline in operating cash flow is due to higher raw material and payroll expenses - Growth in operating revenue, net profit attributable to shareholders, and non-recurring net profit is primarily due to increased sales volume[10] - Net cash flow from operating activities decreased by 76.73% year-on-year, mainly due to increased payments for raw materials and employee salaries[10] Shareholder Information Shareholding Structure The company has 10,758 shareholders, with highly concentrated ownership where the controlling shareholder and related parties hold a dominant stake - Total number of common shareholders at the end of the reporting period was 10,758[12] Top Three Shareholders' Holdings | Shareholder Name | Number of Shares Held | Shareholding Ratio (%) | | :--- | :--- | :--- | | FaShilong Investment Holding Co., Ltd. | 72,000,000 | 55.74 | | Shen Zhenghua | 11,520,000 | 8.92 | | Wang Xuejuan | 4,500,000 | 3.48 | - FaShilong Investment Holding Co., Ltd., Shen Zhenghua, Wang Xuejuan, Wang Xuehua, and Shen Zhengming form a concerted action group, further consolidating control[14] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2021, total assets increased by 9.16% to 1.22 billion RMB, driven by inventory and fixed assets, while total liabilities rose significantly by 37.32% Major Balance Sheet Item Changes | Item | September 30, 2021 (RMB) | December 31, 2020 (RMB) | Change Rate (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,223,578,284.06 | 1,120,948,095.20 | 9.16 | | Total Liabilities | 371,632,989.01 | 270,628,647.39 | 37.32 | | Owners' Equity Attributable to Parent Company | 851,945,295.05 | 850,319,447.81 | 0.19 | - Current liabilities grew significantly, with short-term borrowings increasing from 0.1 million RMB to 30.1 million RMB, and notes payable from 72.31 million RMB to 147 million RMB[16][17] Consolidated Income Statement For the first three quarters of 2021, total operating revenue grew by 61.53% to 437.18 million RMB, and net profit attributable to shareholders increased by 35.99% to 40.38 million RMB, reflecting increased investment in sales and R&D Core Income Statement Data for Q1-Q3 2021 | Item | January-September 2021 (RMB) | January-September 2020 (RMB) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 437,176,118.51 | 270,645,182.15 | 61.53 | | Total Operating Costs | 390,294,099.78 | 238,507,874.78 | 63.64 | | Operating Profit | 48,021,017.51 | 32,878,813.73 | 46.06 | | Net Profit Attributable to Parent Company Shareholders | 40,377,192.84 | 29,690,647.62 | 35.99 | - Increased expense investment: selling expenses rose from 20.67 million RMB to 40.51 million RMB, and R&D expenses from 10.22 million RMB to 16.62 million RMB[19] Consolidated Cash Flow Statement Net cash flow from operating activities for the first three quarters of 2021 significantly decreased by 76.73% to 7.66 million RMB due to higher expenditures, while investment activities turned positive and financing activities included new borrowings Consolidated Cash Flow Statement Overview for Q1-Q3 2021 | Item | January-September 2021 (RMB) | January-September 2020 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 7,655,788.43 | 32,905,900.84 | | Net Cash Flow from Investing Activities | 35,863,968.73 | -139,265,712.75 | | Net Cash Flow from Financing Activities | 20,450,537.98 | 362,525,816.47 | | Net Increase in Cash and Cash Equivalents | 63,970,295.14 | 256,166,004.56 | - Operating cash inflow (cash received from sales) was 502 million RMB, a 126.3% year-on-year increase, but outflows (payments for goods, employee compensation) grew faster, leading to a net decrease[23][24] - The company obtained 90 million RMB in new borrowings and repaid 60.26 million RMB in debt during the period, indicating active debt financing[25]