深科达(688328) - 2022 Q3 - 季度财报

Financial Summary and Business Highlights Key Financial Data The company's revenue and profit declined significantly in Q1-Q3 2022 due to market pressures, though operating cash flow and R&D investment increased Core Financial Indicators | Item | Current Period (Q3 2022) | YoY Change (%) | YTD (Q1-Q3 2022) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 105,468,876.00 | -64.55 | 458,176,921.33 | -35.56 | | Net Profit Attributable to Shareholders (Yuan) | -10,503,604.24 | -187.79 | 8,223,069.88 | -78.17 | | Net Profit Attributable to Shareholders (Non-recurring items deducted) (Yuan) | -13,600,103.92 | -203.80 | 1,197,059.84 | -96.42 | | Basic Earnings Per Share (Yuan/Share) | -0.13 | -186.67 | 0.10 | -80.39 | | Net Cash Flow from Operating Activities (Yuan) | N/A | N/A | 23,793,203.54 | 114.31 | | Total R&D Investment (Yuan) | 21,112,674.98 | 14.82 | 59,591,811.51 | 12.03 | | Item | Period-End (2022-09-30) | Previous Year-End (2021-12-31) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (Yuan) | 1,866,923,391.38 | 1,488,666,596.14 | 25.41 | | Equity Attributable to Shareholders (Yuan) | 779,621,905.30 | 764,142,474.86 | 2.03 | Non-recurring Gains and Losses | Item | YTD Amount (Yuan) | Notes | | :--- | :--- | :--- | | Government Grants Recognized in Current Profit or Loss | 9,168,471.13 | Main component | | Other Non-operating Income and Expenses, Net | -275,227.08 | - | | Other Items Defined as Non-recurring Gains and Losses | 706,981.31 | - | | Less: Income Tax Effect | 1,414,613.33 | - | | Less: Effect on Minority Interests (After Tax) | 940,866.60 | - | | Total | 7,026,010.04 | - | Analysis of Major Financial Indicator Changes - Key reasons for the sharp decline in operating revenue and net profit include: - Decreased market demand: Demand for flat panel display module equipment fell due to weakening downstream consumer electronics demand caused by the pandemic and inflation[10][11] - Intensified market competition: The company proactively reduced low-margin orders to cope with price competition[10][11] - Production base relocation: The move to the Huizhou manufacturing center affected the production and delivery of some orders[10][11] - Losses from new subsidiaries: Three subsidiaries established at the end of 2021 are still in their growth phase and have not yet achieved profitability[10][11] - Increased costs and expenses: Depreciation of fixed assets at the new Huizhou base increased, and the decline in period expenses did not match the decline in revenue[10][11] - Net cash flow from operating activities increased significantly by 114.31%, primarily due to: - Enhanced collection of accounts receivable[11][12] - Reduced tax payments from relevant tax incentive policies[11][12] - Gradual adoption of acceptance bills for supplier settlements, reducing operating cash outflows[11][12] - The company continued to increase R&D investment, with YTD R&D expenses growing 12.03% YoY, mainly directed towards the semiconductor equipment business to attract talent and enhance product competitiveness[12] Shareholder Information The company has 6,699 shareholders, with the actual controller and concerted parties holding a combined 40.63% stake Major Shareholder Holdings - At the end of the reporting period, the total number of common stock shareholders was 6,699[14] | Shareholder Name | Shareholding Ratio (%) | Number of Shares Held | Nature | | :--- | :--- | :--- | :--- | | Huang Yihong | 16.49 | 13,359,716 | Domestic Natural Person | | Xiao Yanjia | 8.93 | 7,239,985 | Domestic Natural Person | | Huang Yifen | 8.93 | 7,239,984 | Domestic Natural Person | | Shenzhen Shenkeda Investment Co., Ltd. | 6.28 | 5,092,000 | Domestic Non-State-Owned Legal Entity | | Zhang Xinming | 4.13 | 3,350,900 | Domestic Natural Person | - Shareholders Huang Yihong, Huang Yifen, and Xiao Yanjia are parties acting in concert, with the agreement valid for 36 months post-IPO; the actual controller and concerted parties collectively control 40.63% of the company's shares[16] Other Important Matters The company completed its new manufacturing base and successfully issued RMB 360 million in convertible bonds - The company's investment project, the "Shenkeda Intelligent Manufacturing Innovation Demonstration Base," is substantially complete, with the manufacturing department relocating in late September, which will resolve production bottlenecks and support expansion[17] - In August 2022, the company successfully issued RMB 360 million in public convertible corporate bonds (Bond name: "Shenke Convertible Bond"), with net proceeds of RMB 351 million received[18] Financial Statements Consolidated Balance Sheet Total assets grew to RMB 1.87 billion, driven by construction in progress and bond proceeds, while liabilities also rose significantly | Item | 2022-09-30 (Yuan) | 2021-12-31 (Yuan) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,866,923,391.38 | 1,488,666,596.14 | +25.41% | | Total Current Assets | 1,377,111,313.80 | 1,160,178,192.10 | Increase, mainly from trading financial assets | | Total Non-current Assets | 489,812,077.58 | 328,488,404.04 | Increase, mainly from construction in progress | | Total Liabilities | 1,016,177,078.96 | 673,695,154.33 | +50.84% | | Total Current Liabilities | 643,744,838.09 | 624,068,924.98 | Relatively stable | | Total Non-current Liabilities | 372,432,240.87 | 49,626,229.35 | Significant increase, mainly from new bonds payable | | Equity Attributable to Parent Company | 779,621,905.30 | 764,142,474.86 | +2.03% | Consolidated Income Statement Revenue for Q1-Q3 2022 fell 35.56% to RMB 458 million, leading to a 78.17% drop in net profit despite a slightly improved gross margin | Item | Q1-Q3 2022 (Yuan) | Q1-Q3 2021 (Yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 458,176,921.33 | 711,042,315.67 | -35.56% | | Total Operating Costs | 466,826,866.42 | 665,750,071.57 | -29.88% | | Cost of Sales | 295,210,805.80 | 485,600,569.88 | -39.21% | | R&D Expenses | 59,591,811.51 | 53,193,397.48 | +12.03% | | Operating Profit | 8,830,431.95 | 59,940,352.89 | -85.27% | | Total Profit | 8,336,469.48 | 58,661,572.58 | -85.79% | | Net Profit Attributable to Parent Company | 8,223,069.88 | 37,669,815.92 | -78.17% | | Basic Earnings Per Share | 0.10 | 0.51 | -80.39% | Consolidated Cash Flow Statement Operating cash flow turned positive to RMB 23.8 million, while financing inflows of RMB 404 million funded significant investment outflows | Item | Q1-Q3 2022 (Yuan) | Q1-Q3 2021 (Yuan) | Change Description | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 23,793,203.54 | -166,281,617.03 | Turned positive, improved collections | | Net Cash Flow from Investing Activities | -411,070,852.13 | -60,619,084.54 | Net outflow increased, mainly for asset acquisition and investment | | Net Cash Flow from Financing Activities | 404,056,570.29 | 274,612,582.32 | Net inflow increased, mainly from borrowings and bond issuance | | Net Increase in Cash and Cash Equivalents | 16,941,601.77 | 47,694,745.22 | Net increase decreased |