锌业股份(000751) - 2022 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q3 2022 and year-to-date, the company experienced significant year-over-year declines in key financial metrics, with Q3 revenue down 40.62% and net profit attributable to shareholders turning from profit to loss, decreasing 122.71%, while year-to-date net profit plummeted 87.64%, indicating severe profitability challenges Key Financial Indicators for Q3 2022 and Year-to-Date | Indicator | Current Period (Q3) | Year-to-Date | Year-to-Date YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 4.141 billion yuan | 14.130 billion yuan | -5.11% | | Net Profit Attributable to Shareholders of Listed Company | -16.24 million yuan | 2.512 million yuan | -87.64% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | -48.51 million yuan | -3.331 million yuan | -124.71% | | Net Cash Flow from Operating Activities | - | 656 million yuan | +34.76% | | Basic Earnings Per Share (yuan/share) | -0.0115 yuan | 0.0178 yuan | -87.66% | | Weighted Average Return on Net Assets | -0.56% | 0.85% | -4.63 percentage points | | Total Assets (Period-end) | 8.226 billion yuan | 8.226 billion yuan | -0.29% (vs. year-start) | | Total Equity Attributable to Shareholders of Listed Company (Period-end) | 2.955 billion yuan | 2.955 billion yuan | +0.86% (vs. year-start) | Non-recurring Gains and Losses and Amounts Year-to-date non-recurring gains and losses totaled 58.43 million yuan, primarily from other non-operating income and expenses (41.07 million yuan) and government grants (23.88 million yuan), partially offset by fair value changes in financial assets, significantly impacting current net profit Non-recurring Gains and Losses Year-to-Date | Item | Amount (yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -1,033,031.32 | | Government Grants Recognized in Current Profit/Loss | 23,876,664.04 | | Gains/Losses from Fair Value Changes of Trading Financial Assets/Liabilities and Investment Income | -5,482,954.60 | | Other Non-operating Income and Expenses | 41,069,584.01 | | Total | 58,430,262.13 | Analysis of Changes in Key Financial Data The company explained significant changes in its balance sheet and income statement, with construction in progress increasing 120% due to technical renovation investments, and net profit sharply declining 87.64% primarily due to logistics disruptions, production equipment maintenance, rising fuel and power costs, and falling product prices - Balance Sheet Item Changes[9] - Accounts Receivable Financing: Decreased by 36% from period-start due to increased bill discounting and endorsement - Prepayments: Increased by 55% from period-start due to higher advance payments for goods - Construction in Progress: Increased by 120% from period-start due to increased investment in technical renovation projects - Contract Liabilities: Increased by 169% from period-start due to higher advance receipts for goods - Key reasons for the 87.64% year-over-year decline in net profit include[9] - External Environment: Inter-regional logistics disruptions due to epidemic prevention and control measures - Production Issues: Concentrated maintenance of production equipment led to insufficient capacity utilization - Cost Increases: Year-over-year rise in fuel and electricity prices increased smelting costs - Price Decreases: Falling prices for main products zinc and copper, coupled with high prior raw material costs, squeezed profit margins; simultaneously, sulfuric acid byproduct prices significantly declined - Research and development expenses increased by 66% this period compared to the previous period, primarily due to increased R&D investment by the company[9] Shareholder Information Shareholding Status of Shareholders As of the end of the reporting period, the company had 149,077 common shareholders, with China Minmetals Huludao Non-ferrous Metals Group Co., Ltd. as the largest shareholder holding 23.59%, and the top ten shareholders primarily being domestic natural persons with unknown affiliations or concerted actions - As of the end of the reporting period, the company had a total of 149,077 common shareholders[11] Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | China Minmetals Huludao Non-ferrous Metals Group Co., Ltd. | Domestic Non-state-owned Legal Person | 23.59% | 332,602,026 | | Chen Shangzhen | Domestic Natural Person | 0.71% | 10,074,624 | | Liu Yan | Domestic Natural Person | 0.44% | 6,145,700 | | Di Wen | Domestic Natural Person | 0.40% | 5,583,560 | | Zeng Fanqi | Domestic Natural Person | 0.35% | 4,880,000 | Preferred Shareholder Information As of the end of the reporting period, the company had no preferred shareholders - The company has no preferred shareholders[12] Other Significant Matters During the reporting period, the company had no other significant matters requiring disclosure - No other significant matters applicable or requiring explanation during the reporting period[13] Quarterly Financial Statements Consolidated Financial Statements This section presents the company's unaudited consolidated balance sheet as of September 30, 2022, and the consolidated income statement and consolidated cash flow statement for the year-to-date period Consolidated Balance Sheet As of September 30, 2022, the company's total assets were 8.226 billion yuan, a slight decrease of 0.29% from the beginning of the year, with total liabilities at 5.271 billion yuan (debt-to-asset ratio of 64.08%), and total equity attributable to the parent company at 2.955 billion yuan, up 0.86% from the beginning of the year Consolidated Balance Sheet Key Items (Unit: Yuan) | Item | September 30, 2022 | January 1, 2022 | | :--- | :--- | :--- | | Total Current Assets | 5,437,649,717.23 | 5,400,667,483.72 | | Total Non-current Assets | 2,788,493,377.39 | 2,849,027,354.27 | | Total Assets | 8,226,143,094.62 | 8,249,694,837.99 | | Total Current Liabilities | 5,072,358,361.49 | 5,105,524,329.97 | | Total Non-current Liabilities | 198,311,395.15 | 213,818,630.24 | | Total Liabilities | 5,270,669,756.64 | 5,319,342,960.21 | | Total Equity Attributable to Parent Company Owners | 2,955,473,337.98 | 2,930,351,877.78 | | Total Liabilities and Owners' Equity | 8,226,143,094.62 | 8,249,694,837.99 | Consolidated Income Statement For the first three quarters of 2022, the company's operating revenue was 14.130 billion yuan, a 5.11% year-over-year decrease, with total operating costs of 14.148 billion yuan, resulting in an operating loss of 2.54 million yuan, and net profit attributable to parent company shareholders of 25.12 million yuan, a significant 87.64% year-over-year decline Consolidated Income Statement Key Items (Year-to-Date, Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | I. Total Operating Revenue | 14,130,240,943.34 | 14,891,889,795.49 | | II. Total Operating Costs | 14,148,033,764.86 | 14,705,009,517.53 | | III. Operating Profit | -2,538,911.01 | 216,342,880.01 | | IV. Total Profit | 37,707,736.54 | 219,907,441.77 | | V. Net Profit | 25,121,460.20 | 203,309,630.69 | | Net Profit Attributable to Parent Company Shareholders | 25,121,460.20 | 203,309,630.69 | | VIII. Basic Earnings Per Share | 0.0178 | 0.1442 | Consolidated Cash Flow Statement For the first three quarters of 2022, net cash flow from operating activities was 655.69 million yuan, a 34.76% year-over-year increase, while investing and financing activities resulted in net cash outflows of 28.42 million yuan and 655.33 million yuan respectively, leading to a 28.07 million yuan decrease in cash and cash equivalents at period-end Consolidated Cash Flow Statement Summary (Year-to-Date, Unit: Yuan) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 655,686,988.10 | 486,566,915.22 | | Net Cash Flow from Investing Activities | -28,420,094.62 | -121,210,638.40 | | Net Cash Flow from Financing Activities | -655,332,900.49 | -556,542,839.49 | | Net Increase in Cash and Cash Equivalents | -28,066,007.01 | -191,186,562.67 | | Cash and Cash Equivalents at Period-end | 436,947,267.27 | 442,104,372.69 | Audit Report The company's Q3 2022 report is unaudited - The company's third-quarter report is unaudited[22]