新金路(000510) - 2023 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators The company's operating revenue for Q3 2023 increased by 23.27% year-on-year, but net profit attributable to shareholders decreased by 34.09%, with a significant year-to-date net loss of 1321.40% and negative operating cash flow decreasing by 119.26% year-on-year 2023年第三季度及年初至报告期末主要会计数据和财务指标 | Indicator | Current Period (RMB) | Change from Prior Year Period | Year-to-Date (RMB) | Year-to-Date Change from Prior Year Period | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 647,446,662.32 | 23.27% | 2,216,343,616.00 | -5.50% | | Net Profit Attributable to Shareholders of Listed Company | -29,108,871.14 | 34.09% | -87,482,443.42 | -1,321.40% | | Net Profit Attributable to Shareholders of Listed Company, Excluding Non-recurring Gains and Losses | -30,134,464.41 | 34.11% | -89,856,125.42 | -1,302.11% | | Net Cash Flow from Operating Activities | — | — | -135,559,675.59 | -119.26% | | Basic Earnings Per Share (RMB/share) | -0.0478 | 34.07% | -0.1436 | -1,316.95% | | Diluted Earnings Per Share (RMB/share) | -0.0478 | 34.07% | -0.1436 | -1,316.95% | | Weighted Average Return on Net Assets | -2.05% | increased by 1.25 percentage points | -6.30% | decreased by 6.83 percentage points | | End of Current Period | End of Prior Year | Change from Prior Year-End | | | Total Assets | 2,607,058,558.26 | 2,297,489,836.43 | 13.47% | | | Total Shareholders' Equity Attributable to Listed Company | 1,347,391,232.28 | 1,433,231,773.96 | -5.99% | | Non-recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses were 1,025,593.27 RMB, and year-to-date total was 2,373,682.00 RMB, primarily comprising government grants and gains/losses on disposal of non-current assets 非经常性损益项目和金额 | Item | Current Period Amount (RMB) | Year-to-Date Amount (RMB) | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -1,069,034.13 | -3,465,051.04 | | Government Grants Recognized in Current Profit/Loss | 1,699,878.12 | 5,557,366.78 | | Other Non-operating Income and Expenses Excluding the Above | 464,729.88 | 349,301.67 | | Less: Income Tax Impact | -55,939.78 | -56,679.29 | | Impact on Minority Interests (After Tax) | 125,920.38 | 124,614.70 | | Total | 1,025,593.27 | 2,373,682.00 | Changes and Reasons for Key Accounting Data and Financial Indicators Multiple items in the company's balance sheet, income statement, and cash flow statement experienced significant changes, mainly due to the consolidation of Guangxi Limu Mining Co., Ltd., market strategy adjustments, increased bank borrowings, and safety production investments Balance Sheet Item Variation Analysis At the end of the reporting period, the company's cash and cash equivalents significantly decreased due to bankruptcy settlement payments, while notes receivable, accounts receivable, prepayments, intangible assets, goodwill, deferred tax assets, short-term borrowings, notes payable, accounts payable, other payables, long-term borrowings, and deferred tax liabilities all showed significant increases, primarily due to the consolidation of Guangxi Limu Mining Co., Ltd. and increased operating activities 资产负债表主要项目变动 | Item | September 30, 2023 (RMB) | December 31, 2022 (RMB) | Change Percentage | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 220,594,846.66 | 408,053,879.61 | -45.94% | | Notes Receivable | 34,075,392.00 | 9,621,875.00 | 254.15% | | Accounts Receivable | 84,710,877.89 | 33,960,972.51 | 149.44% | | Prepayments | 47,240,791.15 | 26,865,762.17 | 75.84% | | Intangible Assets | 343,994,981.13 | 61,523,550.11 | 459.13% | | Goodwill | 5,531,295.71 | - | Not Comparable | | Deferred Tax Assets | 64,894,206.40 | 21,225,278.80 | 205.74% | | Short-term Borrowings | 281,461,611.11 | 201,909,108.48 | 39.40% | | Notes Payable | 139,984,773.91 | 46,673,237.16 | 199.93% | | Accounts Payable | 258,633,968.50 | 189,213,554.42 | 36.69% | | Employee Benefits Payable | 28,032,159.49 | 60,884,988.59 | -53.96% | | Taxes Payable | 9,695,578.41 | 29,743,228.50 | -67.40% | | Other Payables | 137,968,233.35 | 34,119,958.07 | 304.36% | | Long-term Borrowings | 22,000,000.00 | - | Not Comparable | | Long-term Payables | 29,501,542.63 | 47,363,468.00 | -37.71% | | Deferred Tax Liabilities | 116,050,901.25 | 65,748,922.96 | 76.51% | | Special Reserves | 4,826,204.15 | 3,184,302.41 | 51.56% | - Cash and cash equivalents decreased by 45.94%, primarily due to the payment of 228.5 million RMB in bankruptcy settlement funds to the administrator of Guangxi Limu Mining Co., Ltd[6] - Accounts receivable increased by 149.44%, mainly due to increased upfront payments to customers as per contracts to enhance market share[6] - Intangible assets increased by 459.13%, goodwill appeared for the first time, deferred tax assets increased by 205.74%, other payables increased by 304.36%, and deferred tax liabilities increased by 76.51%, all primarily due to the consolidation of Guangxi Nonferrous Limu Mining Co., Ltd. into the company's financial statements[7] - Short-term borrowings increased by 39.40%, notes payable increased by 199.93%, and long-term borrowings were newly added, mainly due to increased bank borrowings and bank acceptance bill amounts[7] Income Statement Item Variation Analysis and Explanation Year-to-date, administrative expenses decreased year-on-year, while financial expenses, R&D expenses, investment income, and gains on asset disposal all significantly increased, and income tax expense substantially decreased, reflecting changes in cost control, financing costs, R&D investment, associate profit contributions, and asset disposals 利润表主要项目变动 | Item | Jan-Sep 2023 (RMB) | Jan-Sep 2022 (RMB) | Change Percentage | | :--- | :--- | :--- | :--- | | Administrative Expenses | 169,230,966.49 | 247,876,985.96 | -31.73% | | Financial Expenses | 15,514,502.89 | 4,878,559.03 | 218.01% | | Research and Development Expenses | 18,883,933.01 | 13,565,652.53 | 39.20% | | Investment Income | 12,429,107.71 | 8,002,394.25 | 55.32% | | Gains on Asset Disposal | 2,744,827.47 | -462,066.52 | 694.03% | | Income Tax Expense | 3,455,289.57 | 34,039,361.43 | -89.85% | - Administrative expenses decreased by 31.73%, mainly due to the amortization of employee stock ownership plans in the prior year period[8] - Financial expenses increased by 218.01%, primarily due to increased interest from bank borrowings and increased discount interest on bank acceptance bills[8] - R&D expenses increased by 39.20%, mainly due to increased investment in research and development of new materials and products[8] - Gains on asset disposal increased by 694.03%, primarily due to the Shifang Land Reserve Center reclaiming company land, resulting in asset disposal gains[9] - Income tax expense decreased by 89.85%, mainly due to a year-on-year decrease in profit during the reporting period, leading to a corresponding reduction in corporate income tax expense[9] Cash Flow Statement Item Variation Analysis and Explanation Year-to-date, net cash flow from operating activities significantly decreased due to increased cash payments for raw material purchases, while net cash flow from financing activities turned significantly positive due to increased bank borrowings 现金流量表主要项目变动 | Item | Jan-Sep 2023 (RMB) | Jan-Sep 2022 (RMB) | Change Percentage | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -135,559,675.59 | -61,824,675.33 | -119.26% | | Net Cash Flow from Investing Activities | -227,600,719.32 | -223,325,954.00 | -1.91% | | Net Cash Flow from Financing Activities | 80,750,748.76 | -30,827,247.69 | 361.95% | - Net cash flow from operating activities decreased by 119.26%, primarily due to a year-on-year increase in cash payments for raw and fuel materials during the reporting period[10] - Net cash flow from financing activities increased by 361.95%, primarily due to a year-on-year increase in bank borrowings received by the company during the reporting period[10] Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 41,810 common shareholders; among the top ten shareholders, Liu Jiangdong and his concerted party, Sichuan Jinhaima Industrial Co., Ltd., held a relatively high combined stake, with both having pledged shares, and some shareholders held shares through credit trading margin accounts - At the end of the reporting period, the total number of common shareholders was 41,810[12] 前10名股东持股情况 | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | Number of Restricted Shares Held | Pledge, Mark, or Freeze Status (Shares/Quantity) | | :--- | :--- | :--- | :--- | :--- | :--- | | Liu Jiangdong | Domestic Natural Person | 8.82% | 53,752,951 | 40,314,713 | Pledged/41,052,951 | | Sichuan Jinhaima Industrial Co., Ltd. | Domestic Non-state-owned Legal Person | 8.06% | 49,078,365 | 0 | Pledged/30,898,365 | | Deyang State-owned Assets Management Co., Ltd. | State-owned Legal Person | 3.54% | 21,556,124 | 0 | - | | Liu Li | Domestic Natural Person | 2.06% | 12,570,000 | 0 | - | | Hanlong Industrial Development Co., Ltd. | Domestic Non-state-owned Legal Person | 1.90% | 11,570,365 | 0 | - | | Chen Xianxue | Domestic Natural Person | 1.73% | 10,551,200 | 0 | - | | Shenzhen Dagang Investment Management Co., Ltd. - Dagang Qisheng Qi Hang Phase 3 Private Securities Investment Fund | Other | 0.89% | 5,447,500 | 0 | - | | Zhao Xiangge | Domestic Natural Person | 0.81% | 4,946,654 | 0 | - | | You Guohong | Domestic Natural Person | 0.80% | 4,900,100 | 0 | - | | Tang Daquan | Domestic Natural Person | 0.66% | 4,050,000 | 0 | - | - Mr. Liu Jiangdong and Sichuan Jinhaima Industrial Co., Ltd. are concerted parties[13] - Shareholders such as Liu Li, Chen Xianxue, Shenzhen Dagang Investment Management Co., Ltd. - Dagang Qisheng Qi Hang Phase 3 Private Securities Investment Fund, and Qiu Guohong held company shares through credit trading margin accounts[13] Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company has no preferred shareholders - The company has no preferred shareholders[14] Other Significant Matters The company advanced two significant matters: its wholly-owned subsidiary, Jinlu Asset Management, participated in the bankruptcy reorganization of Guangxi Limu Mining Co., Ltd., completing equity transfer procedures and actively promoting resumption of operations; concurrently, the company terminated the issuance of shares and cash payment for asset acquisition with supporting funds, opting instead for a cash acquisition of a portion of Anhui Tianbing Electronic Technology Co., Ltd.'s equity, with related work progressing as per agreement - The company's wholly-owned subsidiary, Jinlu Asset Management, participated in the bankruptcy reorganization of Guangxi Limu Mining Co., Ltd., completing equity and business registration transfer procedures, with work resumption actively progressing[14] - The company terminated the issuance of shares and cash payment for asset acquisition with supporting funds, opting instead for a cash acquisition of a portion of Anhui Tianbing Electronic Technology Co., Ltd.'s equity, with related work progressing[14] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2023, the company's total assets were 2,607,058,558.26 RMB, a 13.47% increase from the beginning of the year; total current liabilities were 988,299,454.74 RMB, total non-current liabilities were 202,925,033.77 RMB, total liabilities were 1,191,224,488.51 RMB, and total shareholders' equity attributable to the parent company was 1,347,391,232.28 RMB 合并资产负债表主要数据 (2023年9月30日) | Item | Amount (RMB) | | :--- | :--- | | Assets: | | | Total Current Assets | 709,265,735.52 | | Total Non-current Assets | 1,897,792,822.74 | | Total Assets | 2,607,058,558.26 | | Liabilities: | | | Total Current Liabilities | 988,299,454.74 | | Total Non-current Liabilities | 202,925,033.77 | | Total Liabilities | 1,191,224,488.51 | | Shareholders' Equity: | | | Total Shareholders' Equity Attributable to Parent Company | 1,347,391,232.28 | | Minority Interests | 68,442,837.47 | | Total Shareholders' Equity | 1,415,834,069.75 | | Total Liabilities and Shareholders' Equity | 2,607,058,558.26 | Consolidated Income Statement from Year-Beginning to End of Reporting Period As of September 30, 2023, the company's year-to-date total operating revenue was 2,216,343,616.00 RMB, operating profit was -78,610,780.70 RMB, net profit was -87,926,647.11 RMB, net profit attributable to parent company shareholders was -87,482,443.42 RMB, and basic earnings per share was -0.1436 RMB 合并年初到报告期末利润表主要数据 (2023年1-9月) | Item | Amount (RMB) | | :--- | :--- | | Total Operating Revenue | 2,216,343,616.00 | | Total Operating Costs | 2,298,258,941.74 | | Operating Profit | -78,610,780.70 | | Total Profit | -84,471,357.54 | | Net Profit | -87,926,647.11 | | Net Profit Attributable to Parent Company Shareholders | -87,482,443.42 | | Minority Interest Income/Loss | -444,203.69 | | Total Comprehensive Income | -87,926,647.11 | | Basic Earnings Per Share | -0.1436 | | Diluted Earnings Per Share | -0.1436 | Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period As of September 30, 2023, the company's year-to-date net cash flow from operating activities was -135,559,675.59 RMB, net cash flow from investing activities was -227,600,719.32 RMB, and net cash flow from financing activities was 80,750,748.76 RMB; cash and cash equivalents at period end were 78,465,895.20 RMB 合并年初到报告期末现金流量表主要数据 (2023年1-9月) | Item | Amount (RMB) | | :--- | :--- | | Net Cash Flow from Operating Activities | -135,559,675.59 | | Net Cash Flow from Investing Activities | -227,600,719.32 | | Net Cash Flow from Financing Activities | 80,750,748.76 | | Net Increase in Cash and Cash Equivalents | -282,409,646.15 | | Cash and Cash Equivalents at Period End | 78,465,895.20 | Adjustments for First-Time Adoption of New Accounting Standards The company did not make adjustments to financial statement items at the beginning of the first-time adoption year for new accounting standards starting in 2023 - The company did not adjust financial statement items at the beginning of the first-time adoption year for new accounting standards starting in 2023[23] Audit Report The company's Q3 2023 report is unaudited - The company's third-quarter report is unaudited[23]