东方园林(002310) - 2022 Q3 - 季度财报

Major Financial Data This section provides an overview of the company's key financial performance and position, highlighting significant declines in revenue and profit Key Accounting Data and Financial Indicators The company experienced significant declines in Q3 and year-to-date operating revenue and net profit, with total assets and shareholder equity also decreasing Key Financial Indicators for Q3 2022 | Indicator | Current Period (Q3) | Year-to-Date (YTD) | YTD Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 687.24 million | 3.49 billion | -54.91% | | Net Profit Attributable to Shareholders (Yuan) | -768.53 million | -1.63 billion | -210.68% | | Net Cash Flow from Operating Activities (Yuan) | — | -169.17 million | -118.97% | | Basic Earnings Per Share (Yuan/share) | -0.29 | -0.61 | -205.00% | | Total Assets (Yuan) | 43.63 billion | 43.63 billion | -3.58% (compared to end of previous year) | | Shareholders' Equity Attributable to Listed Company (Yuan) | 9.13 billion | 9.13 billion | -15.15% (compared to end of previous year) | Non-recurring Gains and Losses and Amounts The company's year-to-date non-recurring gains and losses totaled 7.02 million Yuan, primarily from government subsidies and disposal gains/losses on non-current assets Year-to-Date Non-recurring Gains and Losses | Item | Amount (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 1.12 million | | Government Subsidies Included in Current Profit/Loss | 9.21 million | | Other Non-operating Income and Expenses | 0.38 million | | Less: Income Tax and Minority Interest Impact | 3.69 million | | Total | 7.02 million | Analysis of Changes in Key Financial Indicators and Reasons The company experienced significant shifts in financial indicators, including debt restructuring, a severe net loss due to shrinking core business and increased credit impairment, and a decline in cash flows - Due to the COVID-19 pandemic and related policies, the company's ecological construction and industrial waste recycling businesses were controlled, leading to a 54.91% decrease in operating revenue, a 50.83% decrease in operating costs, and a 52.36% decrease in taxes and surcharges compared to the previous year[9] - Short-term borrowings decreased by 61.60% from the beginning of the year, while non-current liabilities due within one year increased by 770.90%, primarily due to the reclassification of long-term debt maturing within one year[7][9] - Net cash flow from operating activities decreased by 118.97% compared to the previous year, mainly due to reduced project collections from lower operating revenue; net cash flow from financing activities decreased by 70.49% year-on-year, primarily due to reduced net financing inflows[10][11] - Credit impairment losses increased by 73.96% compared to the previous year, mainly due to increased impairment provisions for accounts receivable[10] Shareholder Information This section details the company's common shareholder structure, including the total number of shareholders and the holdings of its top shareholders Common Shareholder Information As of the end of the reporting period, the company had 89,855 common shareholders, with the largest shareholder, He Qiaonv, holding 20.86% of shares, almost entirely pledged and frozen, and multiple groups of concerted parties among the top ten shareholders - The total number of common shareholders at the end of the reporting period was 89,855[13] Top Three Shareholders' Holdings | Shareholder Name | Shareholder Type | Holding Percentage | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | :--- | | He Qiaonv | Domestic Natural Person | 20.86% | 560,105,387 | Pledged, Frozen | | Beijing Chaohuixin Enterprise Management Co., Ltd. | State-owned Legal Person | 5.00% | 134,273,101 | - | | Beijing Chaotoufa Investment Management Co., Ltd. - Beijing Yingrun Huimin Fund Management Center (Limited Partnership) | Domestic Non-state-owned Legal Person | 5.00% | 134,273,101 | - | - Of the shares held by the largest shareholder, He Qiaonv, 548,073,327 shares were pledged and 560,105,387 shares were frozen, representing the vast majority of her holdings[13] Quarterly Financial Statements This section presents the company's unaudited consolidated financial statements for the third quarter and year-to-date period of 2022 Financial Statements This section provides the unaudited consolidated balance sheet for Q3 2022, and the consolidated income statement and cash flow statement for the year-to-date period Consolidated Balance Sheet As of September 30, 2022, total assets were 43.63 billion Yuan, down 3.58% from the beginning of the year, total liabilities were 33.10 billion Yuan, largely unchanged, and shareholders' equity attributable to the listed company was 9.13 billion Yuan, down 15.15%, with contract assets being the largest asset component and accounts payable and non-current liabilities due within one year being significant liabilities Key Balance Sheet Items (As of September 30, 2022) | Item | September 30, 2022 (Yuan) | Change from End of Previous Year | | :--- | :--- | :--- | | Total Assets | 43.63 billion | -3.58% | | Total Liabilities | 33.10 billion | +0.07% | | Equity Attributable to Parent Company Owners | 9.13 billion | -15.15% | | Contract Assets | 16.11 billion | +0.26% | | Short-term Borrowings | 1.53 billion | -61.60% | | Non-current Liabilities Due Within One Year | 6.46 billion | +770.90% | Consolidated Income Statement (Year-to-Date) In the first three quarters of 2022, the company's operating revenue was 3.49 billion Yuan, a 54.91% year-on-year decrease, resulting in an operating loss of 1.66 billion Yuan and a net loss attributable to parent company shareholders of 1.63 billion Yuan (a 210.68% decrease) due to the significant revenue decline and substantial credit impairment losses of 717.21 million Yuan Key Income Statement Items (First Three Quarters of 2022) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 3.49 billion | 7.73 billion | -54.91% | | Total Operating Costs | 4.66 billion | 8.19 billion | -43.17% | | Credit Impairment Losses | -717.21 million | -412.28 million | -73.96% | | Net Profit Attributable to Parent Company Shareholders | -1.63 billion | -525.03 million | -210.68% | | Basic Earnings Per Share (Yuan/share) | -0.61 | -0.20 | -205.00% | Consolidated Cash Flow Statement (Year-to-Date) In the first three quarters of 2022, net cash flow from operating activities turned negative at -169.17 million Yuan, a 118.97% year-on-year decrease primarily due to reduced sales collections, while net cash outflow from investing activities significantly narrowed to 183.86 million Yuan, and net cash inflow from financing activities decreased by 70.49% to 140.16 million Yuan, with cash and cash equivalents at period-end totaling 700 million Yuan Key Cash Flow Statement Items (First Three Quarters of 2022) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -169.17 million | 891.93 million | -118.97% | | Net Cash Flow from Investing Activities | -183.86 million | -1.02 billion | +82.02% | | Net Cash Flow from Financing Activities | 140.16 million | 474.88 million | -70.49% | | Net Increase in Cash and Cash Equivalents | -212.87 million | 343.93 million | -161.89% | Audit Report The company's Q3 2022 report is unaudited - The company's third-quarter report is unaudited[25]