永新股份(002014) - 2022 Q3 - 季度财报

Report Cover and Important Notice Basic Report Information and Declaration This section presents the company's Q3 2022 report cover, board and management's assurance of data integrity, and confirms the report is unaudited - The report is Huangshan Yongxin Co., Ltd.'s 2022 Third Quarter Report[1] - The Board of Directors and management guarantee the truthfulness, accuracy, and completeness of the information disclosed, free from false records, misleading statements, or major omissions[2][3] - This third-quarter report is unaudited[4][25] I. Major Financial Data I. Key Accounting Data and Financial Indicators This section presents the company's key accounting data and financial indicators for the current period and year-to-date, showing growth in revenue, net profit, and operating cash flow Key Accounting Data and Financial Indicators (Current Period and Year-to-Date) | Indicator | Current Period | YoY Change (%) | Year-to-Date | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 855,983,111.77 | 12.98% | 2,388,997,243.24 | 11.92% | | Net Profit Attributable to Shareholders (CNY) | 102,550,146.85 | 17.29% | 250,050,698.03 | 16.99% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items (CNY) | 99,362,185.62 | 20.25% | 237,152,476.75 | 17.43% | | Net Cash Flow from Operating Activities (CNY) | — | — | 564,661,646.44 | 312.61% | | Basic Earnings Per Share (CNY/share) | 0.17 | 0.00% | 0.42 | 0.00% | | Diluted Earnings Per Share (CNY/share) | 0.17 | 0.00% | 0.42 | 0.00% | | Weighted Average Return on Net Assets | 5.15% | 0.44% | 12.12% | 0.63% | Period-End Financial Position Indicators | Indicator | End of Current Period (CNY) | End of Prior Year (CNY) | Change from Prior Year-End (%) | | :--- | :--- | :--- | :--- | | Total Assets (CNY) | 3,430,711,678.45 | 3,009,639,907.94 | 13.99% | | Total Equity Attributable to Shareholders (CNY) | 2,163,558,328.39 | 2,128,623,399.86 | 1.64% | II. Non-Recurring Gains and Losses Items and Amounts This section details the company's non-recurring gains and losses for the current period and year-to-date, totaling 3.19 million CNY and 12.90 million CNY respectively, primarily from government grants and investment income Non-Recurring Gains and Losses Items and Amounts | Item | Amount for Current Period (CNY) | Amount Year-to-Date (CNY) | Notes | | :--- | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -39,989.63 | -23,888.05 | | | Government Grants Recognized in Current Profit/Loss | 3,799,147.09 | 13,673,770.56 | | | Gains/Losses from Entrusted Investments or Asset Management | 74,654.95 | 1,114,365.42 | | | Other Non-Operating Income and Expenses Apart from the Above | 169,588.78 | 1,437,989.74 | | | Less: Income Tax Impact | 600,510.18 | 2,430,335.65 | | | Minority Interest Impact (After Tax) | 214,929.78 | 873,680.74 | | | Total | 3,187,961.23 | 12,898,221.28 | -- | - The company has not classified any non-recurring gains and losses items listed in 'Interpretive Announcement No. 1 on Information Disclosure by Companies Securities – Non-Recurring Gains and Losses' as recurring items[8][9] III. Changes and Reasons for Major Accounting Data and Financial Indicators This section explains significant period-end and period-specific changes in key financial indicators, including accounts receivable financing, prepayments, construction in progress, and financial expenses - At the end of the current period, accounts receivable financing increased by 48.06% from the beginning of the year, primarily due to an increase in accepted bills receivable[10] - At the end of the current period, prepayments increased by 686.10% from the beginning of the year, mainly due to increased prepayments for equipment and materials[10] - At the end of the current period, construction in progress increased by 90.72% from the beginning of the year, mainly due to increased infrastructure and equipment under installation[10] - At the end of the current period, other non-current assets decreased by 100.00% from the beginning of the year, primarily due to reclassification to construction in progress[10] - At the end of the current period, notes payable increased by 185.99% from the beginning of the year, mainly due to the issuance of domestic letters of credit[10] - At the end of the current period, contract liabilities decreased by 33.62% from the beginning of the year, mainly due to a reduction in customer prepayments[10] - At the end of the current period, taxes payable increased by 84.39% from the beginning of the year, mainly due to increased value-added tax and income tax payable[10] - At the end of the current period, treasury stock decreased by 45.55% from the beginning of the year, primarily due to the fulfillment of conditions for the second lifting of restrictions on restricted shares and the second unlocking period of the employee stock ownership plan[10] - At the end of the current period, surplus reserves decreased by 39.72% from the beginning of the year, mainly due to the capitalization of surplus reserves into share capital[10] - During the current period, financial expenses decreased by 174.67% compared to the same period last year, mainly due to increased interest income and reduced exchange losses[10] - During the current period, credit impairment losses increased by 262.11% compared to the same period last year, mainly due to increased provision for bad debts[10] II. Shareholder Information I. Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings This section lists the total number of common shareholders at period-end as 17,220 and details the top ten common shareholders' equity, including their shareholding percentages and any pledged shares - At the end of the reporting period, the total number of common shareholders was 17,220[11] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | Number of Restricted Shares Held | Share Status | Quantity | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Huangshan Yongjia Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 31.10% | 191,581,566.00 | | | | | ORG Technology Co., Ltd. | Domestic Non-State-Owned Legal Person | 22.07% | 135,978,241.00 | | Pledged | 135,970,724.00 | | MEGA POWDER COATINGS LTD | Foreign Legal Person | 3.88% | 23,921,328.00 | | | | | Yongbang China Investment Co., Ltd. | Foreign Legal Person | 3.37% | 20,768,048.00 | | | | | Dayong Vacuum Technology Co., Ltd. | Foreign Legal Person | 1.75% | 10,800,108.00 | | | | | GF Securities Co., Ltd. - Zhonggeng Small-Cap Value Stock Investment Fund | Other | 1.69% | 10,430,474.00 | | | | | Beijing ORG Packaging Containers Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.65% | 10,143,113.00 | | Pledged | 10,140,000.00 | | Huangshan Yongxin Co., Ltd. - First Employee Stock Ownership Plan | Other | 1.40% | 8,640,000.00 | | | | | First State Investment Management (UK) Ltd. - First State China A-Share Fund | Foreign Legal Person | 1.06% | 6,508,600.00 | | | | | Hong Kong Monetary Authority - Own Funds | Foreign Legal Person | 0.80% | 4,939,275.00 | | | | - Among the company's top ten shareholders, MEGA POWDER COATINGS LTD and Yongbang China Investment Co., Ltd. have an associated relationship; ORG Technology Co., Ltd. and Beijing ORG Packaging Containers Co., Ltd. are parties acting in concert[12] II. Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings This section confirms that the company has no preferred shareholders - The company has no preferred shareholders[13] III. Other Important Matters Employee Stock Ownership Plan and Restricted Stock Incentive Plan This section reports the board and supervisory board's approval on September 15, 2022, for the second unlocking period of the employee stock ownership plan and the second lifting of restrictions for the 2020 restricted stock incentive plan - On September 15, 2022, the company's Board of Directors and Supervisory Board approved the 'Proposal on the Fulfillment of Unlocking Conditions for the Second Unlocking Period of the Company's First Employee Stock Ownership Plan'[13] - On September 15, 2022, the company's Board of Directors and Supervisory Board approved the 'Proposal on the Fulfillment of Conditions for the Second Lifting of Restrictions Period of the Company's 2020 Restricted Stock Incentive Plan'[13][14] IV. Quarterly Financial Statements 1. Consolidated Balance Sheet This section provides the consolidated balance sheet as of September 30, 2022, detailing the company's assets, liabilities, and equity structure Consolidated Balance Sheet (As of September 30, 2022) | Item | September 30, 2022 (CNY) | January 1, 2022 (CNY) | | :--- | :--- | :--- | | Current Assets: | | | | Cash and Cash Equivalents | 894,031,344.89 | 787,007,930.96 | | Financial Assets Held for Trading | 30,000,000.00 | 30,881,900.00 | | Accounts Receivable | 567,826,083.47 | 542,913,249.99 | | Accounts Receivable Financing | 183,227,100.60 | 123,753,055.50 | | Prepayments | 89,355,235.13 | 11,366,892.33 | | Inventories | 359,402,182.84 | 332,657,868.16 | | Non-Current Assets: | | | | Fixed Assets | 855,147,930.93 | 850,791,977.53 | | Construction in Progress | 322,610,374.29 | 169,156,289.58 | | Current Liabilities: | | | | Short-Term Borrowings | 113,204,156.45 | 121,815,990.60 | | Notes Payable | 530,158,731.53 | 185,374,536.13 | | Accounts Payable | 298,801,011.57 | 289,006,101.91 | | Non-Current Liabilities: | | | | Long-Term Borrowings | 40,965,791.03 | | | Shareholders' Equity: | | | | Share Capital | 616,098,701.00 | 514,016,724.00 | | Total Equity Attributable to Parent Company Shareholders | 2,163,558,328.39 | 2,128,623,399.86 | | Total Liabilities and Shareholders' Equity | 3,430,711,678.45 | 3,009,639,907.94 | 2. Consolidated Income Statement from Year-Beginning to End of Reporting Period This section presents the consolidated income statement from year-beginning to period-end, highlighting key profitability metrics such as total operating revenue, operating profit, and net profit Consolidated Income Statement from Year-Beginning to End of Reporting Period | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Total Operating Revenue | 2,388,997,243.24 | 2,134,496,787.02 | | II. Total Operating Costs | 2,102,405,031.46 | 1,894,111,712.01 | | Including: Operating Costs | 1,866,311,650.02 | 1,650,931,908.67 | | Selling Expenses | 37,499,062.98 | 50,042,079.05 | | Administrative Expenses | 96,342,399.84 | 98,012,335.04 | | R&D Expenses | 101,145,509.86 | 87,740,640.43 | | Financial Expenses | -13,018,582.46 | -4,739,704.29 | | III. Operating Profit | 297,973,764.70 | 253,025,043.22 | | IV. Total Profit | 299,411,754.44 | 253,856,961.67 | | V. Net Profit | 253,549,196.86 | 217,012,770.76 | | Net Profit Attributable to Parent Company Shareholders | 250,050,698.03 | 213,734,804.95 | | VIII. Earnings Per Share: Basic Earnings Per Share | 0.42 | 0.42 | 3. Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period This section provides the consolidated cash flow statement from year-beginning to period-end, detailing cash flows from operating, investing, and financing activities, with a significant increase in operating cash flow Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Net Cash Flow from Operating Activities | 564,661,646.44 | 136,850,816.92 | | II. Net Cash Flow from Investing Activities | -248,842,328.52 | 97,408,070.19 | | III. Net Cash Flow from Financing Activities | -223,726,991.58 | -394,286,870.51 | | IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents | 3,511,387.59 | 936,940.76 | | V. Net Increase in Cash and Cash Equivalents | 95,603,713.93 | -159,091,042.64 | | VI. Cash and Cash Equivalents at End of Period | 577,683,924.60 | 591,886,249.71 | - Net cash flow from operating activities significantly increased by 312.61% year-on-year[5][22] II. Audit Report This section states that the company's 2022 third-quarter report is unaudited - The company's third-quarter report is unaudited[25]