神工股份(688233) - 2022 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators The company's Q3 2022 performance declined year-over-year, though cumulative revenue grew while cumulative net profit fell Key Financial Indicators for Q3 2022 and YTD Q3 2022 | Indicator | This Reporting Period (Q3 2022) | YoY Change | YTD (Q3 2022) | YTD YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 127,828,423.74 | -12.11% | 390,783,137.10 | 11.81% | | Net Profit Attributable to Shareholders (RMB) | 44,407,620.04 | -35.54% | 135,109,517.31 | -20.02% | | Net Profit Attributable to Shareholders (Non-recurring items deducted) (RMB) | 41,903,441.96 | -39.11% | 129,262,086.64 | -22.03% | | Basic EPS (RMB/Share) | 0.27 | -37.21% | 0.84 | -20.75% | | Total R&D Investment (RMB) | 7,362,603.47 | -50.99% | 31,446,651.95 | -8.80% | Key Balance Sheet Indicators at the End of the Reporting Period | Indicator | End of This Reporting Period (2022-09-30) | End of Previous Year (2021-12-31) | Change | | :--- | :--- | :--- | :--- | | Total Assets (RMB) | 1,687,008,091.11 | 1,489,085,744.17 | 13.29% | | Equity Attributable to Shareholders (RMB) | 1,545,061,016.21 | 1,414,176,574.03 | 9.26% | Non-recurring Profit and Loss Items and Amounts Non-recurring gains totaled RMB 2.5 million in Q3 and RMB 5.85 million year-to-date, driven by financial asset gains and government grants Details of Non-recurring Profit and Loss Items | Item | Amount in This Reporting Period (RMB) | Year-to-Date Amount (RMB) | | :--- | :--- | :--- | | Gain/Loss on Disposal of Non-current Assets | 506,246.84 | 509,631.18 | | Government Grants Included in Current Profit/Loss | 274,706.12 | 1,195,541.29 | | Fair Value Change Gains/Losses from Trading Financial Assets | 2,068,362.60 | 5,299,037.49 | | Total | 2,504,178.08 | 5,847,430.67 | Analysis of Changes in Key Financial Indicators Revenue growth was driven by increased orders, while profit decline was caused by rising material costs and new stock-based compensation expenses - Year-to-date operating revenue grew by 11.81% due to the company's success in securing more orders by enhancing product competitiveness despite market fluctuations[11] - Q3 net profit attributable to shareholders decreased by 35.54% year-over-year, mainly due to increased costs from a sharp rise in raw material prices like polysilicon and new share-based payment expenses from equity incentives[11] - Q3 R&D investment decreased by 50.99% year-over-year, primarily due to a temporary change in R&D spending as some research projects were completed[11] Shareholder Information Shareholder Holdings The company has 11,656 shareholders, with the top two holding a combined 45.35% stake and certain shareholders acting in concert - At the end of the reporting period, the total number of common shareholders was 11,656[13] - Shareholder "Sicomm Semiconductor Technology (Shanghai) Co., Ltd." and "Ningbo Meishan Bonded Port Area Jingli Investment Management Partnership (Limited Partnership)" have signed a concert party agreement[14] Top Five Shareholders | Shareholder Name | Shareholding Ratio (%) | Shareholder Type | | :--- | :--- | :--- | | More-Lite Lighting Co., Ltd | 23.13 | Foreign Legal Entity | | Sicomm Semiconductor Technology (Shanghai) Co., Ltd | 22.22 | Domestic Non-State-Owned Legal Entity | | Beijing Aerospace Science & Industry Military-Civil Fusion Technology Achievement Transformation Venture Capital Fund | 6.21 | Domestic Non-State-Owned Legal Entity | | 626 Investment Holding Co., Ltd | 2.59 | Foreign Legal Entity | | Ningbo Meishan Bonded Port Area Jingli Investment Management Partnership | 1.80 | Domestic Non-State-Owned Legal Entity | Quarterly Financial Statements Consolidated Balance Sheet Total assets grew to RMB 1.69 billion, driven by a significant 343.8% increase in construction in progress, signaling major capital expansion Core Balance Sheet Items (Unit: RMB Million) | Item | Sep 30, 2022 | Dec 31, 2021 | Change | | :--- | :--- | :--- | :--- | | Assets | | | | | Cash and Cash Equivalents | 527 | 437 | +20.6% | | Inventories | 171 | 118 | +45.1% | | Construction in Progress | 191 | 43 | +343.8% | | Total Assets | 1,687 | 1,489 | +13.3% | | Liabilities | | | | | Total Liabilities | 102 | 75 | +36.0% | | Equity | | | | | Equity Attributable to Parent | 1,545 | 1,414 | +9.3% | | Total Equity | 1,585 | 1,414 | +12.1% | Consolidated Income Statement Despite an 11.8% revenue increase to RMB 391 million, a sharp 49% rise in cost of sales eroded profitability, causing net profit to fall by 20% Core Income Statement Items (First Three Quarters of 2022) | Item | Amount (RMB) | YoY Change (vs. First Three Quarters of 2021) | | :--- | :--- | :--- | | Total Operating Revenue | 390,783,137.10 | +11.81% | | Total Operating Costs | 241,174,202.04 | +42.20% | | Of which: Cost of Sales | 179,878,128.18 | +49.04% | | R&D Expenses | 31,446,651.95 | -8.80% | | Operating Profit | 155,338,328.58 | -19.23% | | Net Profit Attributable to Parent Company Shareholders | 135,109,517.31 | -20.02% | | Basic Earnings Per Share (RMB/Share) | 0.84 | -20.75% | Consolidated Cash Flow Statement Operating cash flow remained stable, while significant investment outflows for asset construction were partially offset by financing inflows from investors - Investing activities cash outflow was primarily driven by RMB 233 million paid for the "acquisition of fixed assets, intangible assets, and other long-term assets," reflecting significant capital expenditures on projects like construction in progress[26] - Financing activities cash inflow was mainly from RMB 99 million in "cash received from investments," specifically from minority shareholders of a subsidiary[26] Core Cash Flow Statement Items (First Three Quarters of 2022) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | 98,952,173.34 | | Net Cash Flow from Investing Activities | -143,503,797.64 | | Net Cash Flow from Financing Activities | 32,831,188.23 | | Net Increase in Cash and Cash Equivalents | -15,063,916.25 |