ST交投(002200) - 2023 Q1 - 季度财报

Important Content Disclaimer The board, supervisors, and senior management affirm legal responsibility for the quarterly report's truthfulness, accuracy, and completeness, confirming unaudited financial information - The board of directors, supervisory board, and senior management guarantee the quarterly report is true, accurate, and complete, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[3] - The company's head, chief accountant, and head of accounting department declare: they guarantee the financial information in the quarterly report is true, accurate, and complete[3] - This quarterly report is unaudited[4] I. Key Financial Data This section details the company's Q1 2023 financial performance, highlighting significant revenue and net profit growth, a shift from loss to profit, and changes in debt structure, alongside a notable decline in operating cash flow Key Accounting Data and Financial Indicators The company reported significant Q1 2023 revenue and net profit growth, reversing prior-year losses, despite a sharp decline in net operating cash flow, with slight increases in total assets and shareholder equity 2023 First Quarter Key Accounting Data and Financial Indicators | Indicator | Current Period (Yuan) | Prior Year Period (Yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 119,875,605.77 | 4,259,563.24 | 2,714.27% | | Net Profit Attributable to Shareholders of the Listed Company | 1,502,922.42 | -21,652,223.57 | 106.94% | | Net Profit Attributable to Shareholders of the Listed Company Excluding Non-recurring Gains and Losses | 1,761,218.55 | -21,340,649.69 | 108.25% | | Net Cash Flow from Operating Activities | -80,822,755.55 | -28,721,003.87 | -181.41% | | Basic Earnings Per Share (Yuan/share) | 0.0082 | -0.1176 | 106.97% | | Diluted Earnings Per Share (Yuan/share) | 0.0082 | -0.1176 | 106.97% | | Weighted Average Return on Net Assets | 2.90% | -74.39% | 77.29% | | Period-End Indicators | Current Period End (Yuan) | Prior Year End (Yuan) | Period-End vs. Prior Year End Change (%) | | Total Assets | 2,800,185,614.36 | 2,787,935,372.55 | 0.44% | | Owners' Equity Attributable to Shareholders of the Listed Company | 52,851,496.26 | 51,029,236.01 | 3.57% | Non-recurring Gains and Losses and Amounts Non-recurring gains and losses totaled -258,296.13 Yuan, mainly from non-current asset disposal, other non-operating items, and minority interest impact 2023 First Quarter Non-recurring Gains and Losses Items | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Gains and losses from disposal of non-current assets | 18,532.72 | | Other non-operating income and expenses apart from the above | -266,627.02 | | Impact on minority interests (after tax) | 10,201.83 | | Total | -258,296.13 | Changes and Reasons for Key Accounting Data and Financial Indicators This section explains significant changes in the balance sheet, income statement, and cash flow, reflecting strategic adjustments in project expansion, debt optimization, and R&D, and their impact on financial performance 1. Reasons for Significant Changes in Balance Sheet Items Significant balance sheet adjustments include a substantial decrease in short-term borrowings and a rise in long-term borrowings, reflecting debt optimization, alongside increased accounts receivable and contract liabilities from business expansion - Accounts receivable at period-end increased by 100% to 2,000,000.00 Yuan, primarily due to the receipt of acceptance bills in the current period[7] - Short-term borrowings at period-end decreased by 49.33% to 555,253,825.00 Yuan, mainly due to the company's debt replacement and new long-term entrusted loan agreements, reducing the scale of short-term borrowings[8] - Contract liabilities increased by 54.12% to 29,119,094.20 Yuan, primarily due to the company's promotion of new project implementations and receipt of advance engineering payments from owners in the current period[8] - Long-term borrowings increased by 378.57% to 670,000,000.00 Yuan, mainly due to the company's debt replacement and new long-term entrusted loan agreements in the current period[8] 2. Reasons for Significant Changes in Income Statement Operating revenue surged 2714.27% year-over-year, driving proportional increases in costs and R&D, successfully turning losses into profits, while selling expenses decreased due to organizational restructuring - Operating revenue increased by 2,714.27% year-on-year to 119,875,605.77 Yuan, primarily due to the company's active project expansion and vigorous promotion of key project construction progress[9] - Operating costs increased by 2,497.37% year-on-year to 96,391,405.26 Yuan, primarily due to the significant increase in operating revenue in the current period[9] - Selling expenses decreased by 50.38% year-on-year to 1,848,159.93 Yuan, primarily due to the company's organizational restructuring, with some personnel expenses accounted for in administrative expenses[9] - Research and development expenses increased by 189.13% year-on-year to 511,666.92 Yuan, primarily due to the company's increased R&D activities in the current period[9] - Net profit attributable to parent company shareholders increased by 106.94% year-on-year to 1,502,922.42 Yuan, primarily due to the company's active promotion of key engineering projects and a significant increase in operating revenue compared to the previous year[10] 3. Reasons for Significant Changes in Cash Flow Items Operating cash flow significantly worsened by 181.41% to -80,822,755.55 Yuan due to supplier payments, while investing cash flow turned positive and financing cash flow increased from new borrowings - Net cash flow from operating activities decreased by 181.41% year-on-year to -80,822,755.55 Yuan, primarily due to the company's large payments to downstream suppliers in the current period[10] - Net cash flow from investing activities increased by 100.06% year-on-year to 9,250.00 Yuan, primarily because Yanshan Company paid project construction costs in the same period last year[10] - Net cash flow from financing activities increased by 583.24% year-on-year to 90,746,242.15 Yuan, primarily due to the company's new borrowings in the current period[10] II. Shareholder Information This section details the company's shareholder structure, including total common shareholders, top ten holdings, related party relationships, and share pledge/freeze status as of the reporting period end Total Number of Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings The company had 7,516 common shareholders, with Yunnan Provincial Communications Investment and Construction Group Co., Ltd. as the largest at 23.18%, and some individual shareholders having pledged or frozen shares - Total number of common shareholders at the end of the reporting period: 7,516 households[12] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Ratio (%) | Number of Shares Held (shares) | Pledge, Mark, or Freeze Status | Number (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Yunnan Provincial Communications Investment and Construction Group Co., Ltd. | State-owned Legal Person | 23.18% | 42,685,927.00 | None | None | | Shen Yafei | Domestic Natural Person | 6.09% | 11,221,393.00 | Pledged | 9,190,000.00 | | He Xuekui | Domestic Natural Person | 5.05% | 9,305,600.00 | Pledged, Frozen | 4,000,000.00 (Pledged), 5,000,000.00 (Frozen) | | Zhang Guoying | Domestic Natural Person | 4.71% | 8,676,400.00 | None | None | | Fang Tao | Domestic Natural Person | 2.54% | 4,683,000.00 | None | None | | Wan Zhonghua | Domestic Natural Person | 2.28% | 4,200,000.00 | None | None | | Kunming Institute of Botany, Chinese Academy of Sciences | State-owned Legal Person | 2.02% | 3,724,741.00 | None | None | | Pan Meiying | Domestic Natural Person | 1.72% | 3,168,300.00 | None | None | | Wang Hongfa | Domestic Natural Person | 1.49% | 2,747,941.00 | None | None | | Yunnan Yuntou Capital Operation Co., Ltd. | Domestic Natural Person | 1.08% | 1,981,205.00 | None | None | - Fang Tao, Wan Zhonghua, Pan Meiying, and Wan Zhongqin are considered persons acting in concert under the "Measures for the Administration of Acquisitions of Listed Companies"[12] Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company reported no preferred shareholders during this reporting period - The company has no preferred shareholders[14] III. Other Important Matters No other important matters required disclosure by the company during this reporting period - The company has no other important matters[14] IV. Quarterly Financial Statements This section presents the unaudited consolidated balance sheet, income statement, and cash flow statement for Q1 2023, offering a comprehensive view of the company's financial position and operating performance Financial Statements This section presents the consolidated balance sheet as of March 31, 2023, and the consolidated income and cash flow statements for the three months then ended, directly reflecting the company's financial performance 1. Consolidated Balance Sheet Total assets reached 2,800,185,614.36 Yuan as of March 31, 2023, with significant debt structure optimization reflected in decreased short-term and increased long-term borrowings Consolidated Balance Sheet Key Data as of March 31, 2023 | Item | Period-End Balance (Yuan) | Year-Beginning Balance (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Monetary Funds | 199,062,912.47 | 189,172,291.39 | 5.23% | | Notes Receivable | 2,000,000.00 | 0.00 | N/A | | Contract Assets | 436,593,236.62 | 405,696,563.38 | 7.62% | | Long-term Receivables | 1,150,424,227.24 | 1,251,327,366.01 | -8.06% | | Total Assets | 2,800,185,614.36 | 2,787,935,372.55 | 0.44% | | Short-term Borrowings | 555,253,825.00 | 1,095,830,408.32 | -49.33% | | Contract Liabilities | 29,119,094.20 | 18,894,176.83 | 54.12% | | Long-term Borrowings | 670,000,000.00 | 140,000,000.00 | 378.57% | | Total Liabilities | 2,489,172,017.56 | 2,466,117,317.16 | 0.93% | | Total Owners' Equity Attributable to Parent Company | 52,851,496.26 | 51,029,236.01 | 3.57% | 2. Consolidated Income Statement Q1 2023 saw total operating revenue surge 2714.27% year-over-year, successfully achieving a net profit of 1,502,922.42 Yuan attributable to parent company owners, reversing prior-year losses Consolidated Income Statement Key Data for Q1 2023 | Item | Amount for Current Period (Yuan) | Amount for Prior Period (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 119,875,605.77 | 4,259,563.24 | 2,714.27% | | Total Operating Costs | 116,430,246.51 | 29,889,582.14 | 290.08% | | Operating Profit | 651,992.32 | -23,576,309.30 | 102.77% | | Total Profit | 403,898.02 | -24,066,860.85 | 101.68% | | Net Profit | -923,796.42 | -24,060,652.84 | 96.16% | | Net Profit Attributable to Parent Company Owners | 1,502,922.42 | -21,652,223.57 | 106.94% | | Basic Earnings Per Share (Yuan/share) | 0.0082 | -0.1176 | 106.97% | 3. Consolidated Cash Flow Statement Q1 2023 operating cash flow significantly deteriorated to -80,822,755.55 Yuan, while investing cash flow turned positive and financing cash flow substantially increased due to new borrowings Consolidated Cash Flow Statement Key Data for Q1 2023 | Item | Amount for Current Period (Yuan) | Amount for Prior Period (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -80,822,755.55 | -28,721,003.87 | -181.41% | | Net Cash Flow from Investing Activities | 9,250.00 | -15,868,265.17 | 100.06% | | Net Cash Flow from Financing Activities | 90,746,242.15 | 13,281,660.96 | 583.24% | | Net Increase in Cash and Cash Equivalents | 9,890,621.08 | -31,320,165.60 | 131.58% | | Cash and Cash Equivalents at Period End | 199,062,912.47 | 82,109,914.30 | 142.44% | Audit Report The company's first quarter report remains unaudited - The company's first quarter report is unaudited[22]