豪森智能(688529) - 2022 Q3 - 季度财报

Important Content Notice The company's board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming legal responsibility - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming legal responsibility; financial information is guaranteed by the company's head, chief accountant, and head of accounting department[2] Key Financial Data This section provides an overview of the company's financial performance and position, including key accounting data, non-recurring items, and explanations for significant changes Key Accounting Data and Financial Indicators The company achieved significant revenue growth in Q3 2022 and YTD, with net profit growth lagging revenue in Q3 due to scale expansion and increased headcount, but showing substantial YTD growth Key Financial Indicators for Q3 2022 and YTD | Project | Current Period (Q3 2022) (CNY) | YoY Change (%) | YTD (2022) (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 419,236,173.11 | 52.57 | 1,208,615,130.87 | 46.24 | | Net Profit Attributable to Shareholders of Listed Company | 24,210,595.13 | 6.59 | 81,875,549.10 | 87.80 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | 20,604,395.77 | 4.26 | 74,766,130.17 | 123.64 | | Net Cash Flow from Operating Activities | Not Applicable | Not Applicable | -31,494,811.56 | Not Applicable | | Basic Earnings Per Share (CNY/share) | 0.19 | 11.26 | 0.64 | 88.24 | | Diluted Earnings Per Share (CNY/share) | 0.19 | 11.76 | 0.64 | 88.24 | | Weighted Average Return on Net Assets (%) | 2.08 | Decreased by 0.09 percentage points | 7.24 | Increased by 3.12 percentage points | | Total R&D Investment | 27,100,469.20 | 20.03 | 74,067,008.14 | 13.49 | | R&D Investment as % of Operating Revenue | 6.46 | Decreased by 1.76 percentage points | 6.13 | Decreased by 1.77 percentage points | Key Balance Sheet Indicators as of Q3 2022 | Project | End of Current Period (2022-09-30) (CNY) | End of Prior Year (2021-12-31) (CNY) | Change from Prior Year End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,580,432,025.32 | 2,989,083,301.65 | 19.78 | | Total Equity Attributable to Shareholders of Listed Company | 1,180,460,192.00 | 1,096,855,711.85 | 7.62 | - Net profit growth in the current period was lower than operating revenue growth, primarily due to declining gross profit margin caused by company scale expansion and a significant increase in employee headcount[6] Non-recurring Gains and Losses Items and Amounts During the reporting period, the company's non-recurring gains and losses primarily stemmed from government subsidies, fair value changes of financial assets, and other non-operating income/expenses, impacting net profit Total Non-recurring Gains and Losses for Q3 2022 and YTD | Project | Current Period Amount (Q3 2022) (CNY) | YTD Amount (2022) (CNY) | | :--- | :--- | :--- | | Total | 3,606,199.36 | 7,109,418.93 | - Key non-recurring items include government subsidies recognized in current profit or loss (CNY 2.44 million for Q3, CNY 4.99 million YTD) and fair value changes of trading financial assets (CNY 1.36 million for Q3, CNY 2.94 million YTD)[8][9] Changes and Reasons for Key Accounting Data and Financial Indicators Operating revenue, net profit attributable to shareholders, non-recurring net profit, basic EPS, and diluted EPS all significantly increased YTD, driven by higher project confirmation amounts and effective cost control - Operating revenue increased by 46.24% YTD and 52.57% in Q3, primarily due to a significant increase in project confirmation amounts[10] - Net profit attributable to shareholders increased by 87.80% YTD, and net profit excluding non-recurring gains/losses increased by 123.64% YTD, mainly due to a substantial increase in project confirmation amounts and effective reduction in management and selling expense ratios through cost-cutting and efficiency improvements[10] - Both basic and diluted earnings per share increased by 88.24% YTD, primarily due to a significant increase in net profit attributable to shareholders[10] Shareholder Information This section details the total number of common shareholders and the holdings of the top ten shareholders, including information on the company's actual controllers Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 6,560 common shareholders, with Dalian Botong Juyuan, Dalian Kerong, Dalian Shangrui, and Dalian Haosen as major controlling shareholders, and actual controllers exercising control through agreements and equity - The total number of common shareholders at the end of the reporting period was 6,560[12] Top Ten Shareholders' Holdings (as of September 30, 2022) | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Percentage (%) | Number of Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Dalian Botong Juyuan Industrial Co., Ltd. | Domestic Non-State-Owned Legal Person | 20,234,492 | 15.81 | 20,016,665 | | Dalian Kerong Industrial Co., Ltd. | Domestic Non-State-Owned Legal Person | 14,240,101 | 11.13 | 14,090,768 | | Dalian Shangrui Industrial Co., Ltd. | Domestic Non-State-Owned Legal Person | 14,239,727 | 11.12 | 14,090,768 | | Dalian Haosen Investment Development Co., Ltd. | Domestic Non-State-Owned Legal Person | 13,385,774 | 10.46 | 13,385,774 | | Shangrong Innovation (Ningbo) Equity Investment Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 4,687,500 | 3.66 | 4,687,500 | | Dong Dexi | Domestic Natural Person | 3,765,366 | 2.94 | 3,765,366 | | Zhang Jizhou | Domestic Natural Person | 3,764,354 | 2.94 | 3,764,354 | | Zhao Fanghao | Domestic Natural Person | 3,764,354 | 2.94 | 3,764,354 | | Dalian Mingde Juxian Enterprise Management Consulting Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 2,886,022 | 2.25 | 2,886,022 | | Dalian Hexin Juzhi Enterprise Management Consulting Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 2,842,598 | 2.22 | 2,842,598 | - Dong Dexi, Zhao Fanghao, and Zhang Jizhou are the company's actual controllers, having signed a Concerted Action Agreement on July 15, 2019; they exercise control over the company through direct shareholding and control over corporate shareholders such as Botong Juyuan, Kerong Industrial, Shangrui Industrial, and Haosen Investment[14] Other Reminders No other significant information requiring investor attention was identified during the reporting period - No other important information requiring investor attention was identified during the reporting period[15] Quarterly Financial Statements This section presents the company's unaudited consolidated financial statements, including the balance sheet, income statement, and cash flow statement Type of Audit Opinion The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[3][15] Financial Statements The company disclosed unaudited consolidated balance sheets, income statements, and cash flow statements, reflecting the financial position as of September 30, 2022, and operating results and cash flows YTD Consolidated Balance Sheet As of September 30, 2022, total assets increased by 19.78% year-over-year, driven by higher current assets, particularly inventory, accounts receivable, and prepayments, with total liabilities also rising due to short-term borrowings and contract liabilities - As of September 30, 2022, the company's total assets increased by 19.78% compared to the end of the previous year, primarily driven by an increase in current assets, with significant growth in inventory, accounts receivable, and prepayments; total liabilities also increased, mainly due to short-term borrowings and contract liabilities[16][17][18] Key Consolidated Balance Sheet Data as of September 30, 2022 | Project | 2022-09-30 (CNY) | 2021-12-31 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,580,432,025.32 | 2,989,083,301.65 | 19.78 | | Total Current Assets | 2,982,947,931.58 | 2,382,530,740.50 | 25.20 | | Total Non-current Assets | 597,484,093.74 | 606,552,561.15 | -1.50 | | Total Liabilities | 2,396,766,320.23 | 1,889,218,211.15 | 26.86 | | Total Current Liabilities | 2,276,638,290.35 | 1,744,550,267.18 | 30.50 | | Total Non-current Liabilities | 120,128,029.88 | 144,667,943.97 | -16.97 | | Total Equity Attributable to Parent Company Shareholders | 1,180,460,192.00 | 1,096,855,711.85 | 7.62 | - Inventory increased from CNY 1.362 billion to CNY 1.667 billion, accounts receivable from CNY 328 million to CNY 481 million, and prepayments from CNY 55 million to CNY 138 million, indicating business scale expansion[16] - Short-term borrowings increased from CNY 518 million to CNY 682 million, and contract liabilities from CNY 709 million to CNY 979 million, reflecting increased financing needs and project prepayments[17] Consolidated Income Statement In the first three quarters of 2022, the company's total operating revenue increased by 46.24% year-over-year, and net profit attributable to parent company shareholders grew by 87.79%, driven by substantial revenue growth and effective control over management and selling expenses - In the first three quarters of 2022, the company's total operating revenue increased by 46.24% year-over-year, and net profit attributable to parent company shareholders grew by 87.79%, primarily due to substantial operating revenue growth and effective control over management and selling expense ratios[19][20][21] Key Consolidated Income Statement Data for the First Three Quarters of 2022 | Project | 2022 First Three Quarters (CNY) | 2021 First Three Quarters (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,208,615,130.87 | 826,487,506.33 | 46.24 | | Total Operating Costs | 1,121,780,142.66 | 786,088,822.84 | 42.71 | | Operating Profit | 82,844,295.29 | 42,202,654.13 | 96.30 | | Total Profit | 83,381,462.57 | 42,000,522.17 | 98.52 | | Net Profit | 81,051,683.54 | 43,130,397.72 | 87.92 | | Net Profit Attributable to Parent Company Shareholders | 81,875,549.10 | 43,597,642.25 | 87.79 | | Basic Earnings Per Share (CNY/share) | 0.64 | 0.34 | 88.24 | - Operating costs increased by 47.99% year-over-year, slightly higher than operating revenue growth, but management and selling expenses grew slower than revenue, indicating effective cost control[20] - R&D expenses increased by 13.49% year-over-year, and financial expenses increased by 38.61%, primarily due to higher interest expenses[20] Consolidated Cash Flow Statement In the first three quarters of 2022, net cash flow from operating activities significantly improved, narrowing from a negative CNY 224 million to a negative CNY 31 million, driven by a substantial increase in cash received from sales, while investing cash flow decreased and financing cash flow increased - In the first three quarters of 2022, net cash flow from operating activities significantly improved, narrowing from a negative CNY 224 million in the prior year to a negative CNY 31 million, primarily due to a substantial increase in cash received from sales of goods and services; net cash flow from investing activities decreased, while net cash flow from financing activities significantly increased[23][24][25] Key Consolidated Cash Flow Statement Data for the First Three Quarters of 2022 | Project | 2022 First Three Quarters (CNY) | 2021 First Three Quarters (CNY) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -31,494,811.56 | -223,701,925.16 | Net outflow significantly narrowed | | Net Cash Flow from Investing Activities | 63,022,947.79 | 106,486,878.79 | Net inflow decreased | | Net Cash Flow from Financing Activities | 44,021,373.73 | 20,232,455.02 | Net inflow increased | | Net Increase in Cash and Cash Equivalents | 77,054,910.98 | -97,301,720.63 | Turned from negative to positive | | Cash and Cash Equivalents at Period End | 239,480,419.16 | 127,079,579.49 | Significantly increased | - Cash received from sales of goods and services increased from CNY 698 million to CNY 1.426 billion, which is the primary reason for the improvement in operating cash flow[23] - Cash received from borrowings increased from CNY 427 million to CNY 583 million, and cash paid for debt repayment increased from CNY 359 million to CNY 495 million, reflecting an expansion in the company's financing scale[24]