实益达(002137) - 2020 Q3 - 季度财报

Important Notice This section emphasizes the company's commitment to ensuring the authenticity, accuracy, and completeness of the quarterly report Statement on Report Authenticity The company's board of directors, supervisory board, and senior management ensure the authenticity, accuracy, and completeness of this quarterly report, assuming corresponding legal responsibilities, with all directors attending the review meeting - Company management guarantees no false records, misleading statements, or material omissions in the report content[4] - The company's head, chief accountant, and head of accounting department all declare the authenticity, accuracy, and completeness of the financial statements[5] Company Profile This section provides an overview of the company's key financial performance and shareholder structure, including significant changes in profitability and major shareholder holdings Key Accounting Data and Financial Indicators As of Q3 2020, the company's total assets remained largely consistent with year-end, while year-to-date operating revenue grew by 33.74%, but net profit attributable to shareholders significantly decreased by 63.60% due to high non-recurring gains in the prior year, with non-recurring adjusted net profit increasing by 909.05% Key Financial Performance Indicators | Indicator | Year-to-Date (RMB) | Prior Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 730,170,281.81 | 545,960,072.01 | 33.74% | | Net Profit Attributable to Listed Company Shareholders (RMB) | 49,500,827.68 | 135,982,611.38 | -63.60% | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-Recurring Items) (RMB) | 27,301,579.34 | 2,705,659.72 | 909.05% | | Net Cash Flow from Operating Activities (RMB) | 45,690,514.23 | 39,190,053.69 | 16.59% | | Basic Earnings Per Share (RMB/share) | 0.0857 | 0.2355 | -63.61% | Key Financial Position Indicators | Indicator | Current Period-End (RMB) | Prior Year-End (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets (RMB) | 1,890,138,435.95 | 1,888,677,157.84 | 0.08% | | Net Assets Attributable to Listed Company Shareholders (RMB) | 1,471,023,045.73 | 1,490,027,300.38 | -1.28% | - Year-to-date non-recurring gains and losses totaled 22,199,248.34 RMB, primarily from wealth management income, fair value changes of financial assets, and government subsidies[10] Shareholder Information As of the reporting period end, the company had 51,757 common shareholders, with the top two shareholders, Ms. Chen Yamei and Mr. Qiao Xin, a married couple, holding over 43% combined, with some shares pledged - At the end of the reporting period, the company had 51,757 common shareholders[12] Top Ten Shareholders' Holdings | Shareholder Name | Shareholding Ratio | Shares Held | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | | 陈亚妹 | 31.73% | 183,264,899 | Pledged 94,300,000 | | 乔昕 | 11.42% | 65,927,032 | Pledged 43,000,000 | - Shareholders Mr. Qiao Xin and Ms. Chen Yamei are a married couple, constituting parties acting in concert[13] Significant Events This section details significant financial changes, ongoing cash management strategies, and the progress of the company's non-public stock offering Analysis of Changes in Financial Data and Indicators During the reporting period, several financial indicators showed significant changes, with operating revenue increasing by 33.74% driven by smart hardware and intelligent marketing, while operating profit and net profit attributable to shareholders decreased by 63.79% and 63.60% respectively, due to increased financial expenses from exchange rate fluctuations and a high base of fair value changes and investment income in the prior year Analysis of Key Financial Changes | Statement Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Total Operating Revenue | 33.74% | Increased orders in smart hardware and growth in performance marketing business within intelligent marketing segment | | Operating Cost | 38.12% | Increased proportionally with revenue growth | | Financial Expenses | 265.84% | Increased exchange losses due to exchange rate fluctuations in the smart hardware segment | | Investment Income | -74.98% | Higher investment income from investee companies in the prior period | | Fair Value Change Gains | -94.41% | Higher fair value change gains from investee companies in the prior period | | Net Profit Attributable to Parent Company Owners | -63.60% | Operating profit increased, but non-recurring gains significantly decreased compared to the prior period | | Other Current Assets | 965.63% | Higher wealth management investments in the current period | Progress of Significant Events During the reporting period, the company continued to use idle self-owned funds for cash management, extending the resolution's validity until January 2022, and is progressing with a non-public stock offering to raise up to 459.06 million RMB, pending CSRC approval - The company's board approved extending the resolution to use up to 1 billion RMB of idle self-owned funds for cash management until January 24, 2022[18][19] - The company plans a non-public stock offering to raise a total of up to 459.06 million RMB for company development, which is currently under review by the China Securities Regulatory Commission (CSRC)[25] - The company disclosed several other significant matters, including related party transactions, release and re-pledge of controlling shareholder's shares, and termination of participation in establishing an industry investment fund[26] Wealth Management During the reporting period, the company engaged in wealth management totaling approximately 692 million RMB using self-owned funds, primarily investing in bank and brokerage wealth management products, with an outstanding balance of approximately 415 million RMB at period-end and no overdue unrecovered amounts Wealth Management Details | Type | Source of Funds | Wealth Management Amount (RMB) | Outstanding Balance (RMB) | | :--- | :--- | :--- | :--- | | Bank Wealth Management Products | Self-owned Funds | 550,677,000.00 | 274,011,000.00 | | Brokerage Wealth Management Products | Self-owned Funds | 141,300,000.00 | 141,300,000.00 | | Total | | 691,977,000.00 | 415,311,000.00 | Investor Relations Activities In Q3 2020, the company actively engaged with investors, hosting multiple institutional investors through on-site visits to discuss semi-annual performance and development - From July to September 2020, the company hosted multiple institutional investors, including Dongyuan Investment, Hengjian Holdings, Guoxin Securities, and Northeast Securities, for on-site due diligence visits[33][34] Financial Statements This section presents the company's consolidated financial statements, including the balance sheet, income statement, and cash flow statement, along with notes on accounting policy adjustments Consolidated Balance Sheet As of September 30, 2020, the company's total assets were 1.89 billion RMB, largely consistent with the year-start, with total liabilities at 355 million RMB, a debt-to-asset ratio of approximately 18.78%, and equity attributable to parent company owners at 1.471 billion RMB, a 1.28% decrease from year-start Consolidated Balance Sheet Summary | Item | 2020年9月30日 (RMB) | 2019年12月31日 (RMB) | | :--- | :--- | :--- | | Total Assets | 1,890,138,435.95 | 1,888,677,157.84 | | Total Current Assets | 927,019,510.92 | 952,376,268.36 | | Total Non-Current Assets | 963,118,925.03 | 936,300,889.48 | | Total Liabilities | 354,964,764.98 | 347,984,499.93 | | Total Current Liabilities | 313,044,847.29 | 306,141,454.47 | | Total Owner's Equity | 1,535,173,670.97 | 1,540,692,657.91 | | Total Owner's Equity Attributable to Parent Company | 1,471,023,045.73 | 1,490,027,300.38 | Consolidated Income Statement (Year-to-Date) In the first three quarters of 2020, the company achieved total operating revenue of 730 million RMB, a 33.74% increase year-over-year, but operating profit decreased by 63.79% to 62.06 million RMB and net profit attributable to parent company owners decreased by 63.60% to 49.50 million RMB, primarily due to significant reductions in investment income and fair value change gains Consolidated Income Statement Summary | Item | Current Period (RMB) | Prior Period (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 730,170,281.81 | 545,960,072.01 | | II. Total Operating Costs | 691,917,637.46 | 523,480,279.14 | | Investment Income | 14,977,993.85 | 59,875,367.26 | | Fair Value Change Gains | 4,695,185.89 | 84,003,779.10 | | III. Operating Profit | 62,060,145.04 | 171,407,891.96 | | IV. Total Profit | 61,772,902.97 | 181,109,450.38 | | V. Net Profit | 52,635,309.27 | 142,078,263.41 | | Net Profit Attributable to Parent Company Owners | 49,500,827.68 | 135,982,611.38 | Consolidated Cash Flow Statement (Year-to-Date) In the first three quarters of 2020, net cash flow from operating activities was 45.69 million RMB, up 16.59%, indicating healthy core business cash flow; net cash flow from investing activities turned positive with a 6.14 million RMB inflow due to reduced wealth management payments; and net cash outflow from financing activities was 52.08 million RMB, mainly due to increased bank acceptance bill deposits, with cash and cash equivalents at period-end totaling 92.30 million RMB Consolidated Cash Flow Statement Summary | Item | Current Period (RMB) | Prior Period (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 45,690,514.23 | 39,190,053.69 | | Net Cash Flow from Investing Activities | 6,143,939.65 | -45,219,760.70 | | Net Cash Flow from Financing Activities | -52,076,759.94 | 24,355,660.20 | | Net Increase in Cash and Cash Equivalents | -2,962,322.49 | 19,297,776.14 | | Cash and Cash Equivalents at Period-End | 92,304,401.11 | 88,292,525.83 | Notes on Financial Statement Adjustments Effective January 1, 2020, the company adopted new revenue recognition standards, retrospectively adjusting financial statement items, primarily reclassifying 'Advances from Customers' to 'Contract Liabilities' on the opening balance sheet, with no impact on total owner's equity - The company adopted new revenue recognition standards effective January 1, 2020, and made corresponding changes to its accounting policies[73] - The main adjustment was reclassifying 30,383,485.93 RMB of 'Advances from Customers' to 'Contract Liabilities' in the opening balance sheet as of January 1, 2020[72] Audit Report This quarterly report is unaudited - The company's Q3 2020 report is unaudited[78]