新朋股份(002328) - 2022 Q3 - 季度财报

Report Cover and Disclaimer This report presents Shanghai Xinpeng Industrial Co., Ltd.'s 2022 third-quarter results, with the board, supervisors, and senior management assuring its truthfulness, accuracy, and completeness - This report is Shanghai Xinpeng Industrial Co., Ltd.'s 2022 third-quarter report[1] - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the report's content and assume corresponding legal responsibilities[2][3] - This quarterly report is unaudited[4][21] Key Financial Data The company's financial performance for Q3 2022 and year-to-date shows significant revenue growth, but a decline in net profit attributable to shareholders Key Accounting Data and Financial Indicators The company achieved significant revenue growth in Q3 2022 and year-to-date, while net profit attributable to shareholders decreased, and operating cash flow sharply declined, though total assets and shareholders' equity increased 2022 Q3 and Year-to-Date Key Accounting Data and Financial Indicators | Indicator | Current Period (RMB) | YoY Change in Current Period | Year-to-Date (RMB) | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,813,754,928.43 | 66.39% | 4,401,173,878.88 | 35.44% | | Net Profit Attributable to Parent Company Shareholders | 102,534,204.94 | -32.98% | 209,987,234.21 | -10.29% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-Recurring Gains/Losses | 50,486,599.75 | 119.21% | 84,953,871.01 | 30.93% | | Net Cash Flow from Operating Activities | — | — | 36,970,125.97 | -80.78% | | Basic Earnings Per Share (RMB/share) | 0.13 | -31.58% | 0.27 | -10.00% | | Diluted Earnings Per Share (RMB/share) | 0.13 | -31.58% | 0.27 | -10.00% | | Weighted Average Return on Net Assets | 3.40% | -2.26% | 7.04% | -1.71% | | End of Current Period | End of Prior Year | Change from Prior Year-End | | | | Total Assets | 5,908,490,333.86 | 5,451,675,130.71 | 8.38% | | | Equity Attributable to Shareholders of the Listed Company | 3,038,009,584.99 | 2,911,593,361.89 | 4.34% | | Non-Recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled RMB 52.05 million for the reporting period and RMB 125.03 million year-to-date, primarily from fair value changes of financial assets and investment income, mainly due to investment returns from Jinpu Emerging Industry Fund and increased fair value of held fund assets Non-Recurring Gains and Losses Items and Amounts | Item | Amount for Current Period (RMB) | Amount Year-to-Date (RMB) | Description | | :--- | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -274,768.78 | -87,022.93 | | | Tax Refunds and Reductions | 13,689.84 | 169,298.69 | | | Government Grants | 4,277,627.51 | 10,419,501.69 | | | Fair Value Change Gains/Losses on Financial Assets Held for Trading and Investment Income | 79,095,224.48 | 172,786,667.52 | Mainly due to investment income received from Jinpu Emerging Industry Fund and increased fair value of held fund assets | | Other Non-Operating Income and Expenses | -12,020,028.13 | -12,377,813.20 | | | Less: Income Tax Impact | 17,758,073.20 | 42,479,238.88 | | | Minority Interest Impact (After Tax) | 1,286,066.53 | 3,398,029.69 | | | Total | 52,047,605.19 | 125,033,363.20 | -- | Changes and Reasons for Key Accounting Data and Financial Indicators Multiple balance sheet, income statement, and cash flow items experienced significant changes, with cash and prepayments increasing, while financial assets and construction in progress decreased; revenue grew due to new energy vehicle business, investment income rose, but fair value gains declined; operating cash flow decreased due to increased procurement and taxes, investing cash flow increased from fund distributions, and financing cash flow decreased due to loan repayments - Cash and cash equivalents increased by 44.85% from the beginning of the year, primarily due to fund investment returns and matured wealth management products being converted to fixed deposits[9] - Prepayments increased by 1,631.39% from the beginning of the year, mainly due to growth in new energy vehicle parts business and increased advance payments for materials[9] - Operating revenue increased by 35.44% year-over-year, primarily driven by the growth in the new energy vehicle-related business of subsidiaries[9] - Investment income increased by 2,845.60% year-over-year, mainly due to fund income distribution from subsidiary investments[9] - Fair value change gains decreased by 97.20% year-over-year, primarily due to fund income distribution from investments and market fluctuations[9] - Net cash flow from operating activities decreased by 80.78% year-over-year, mainly due to increased material purchases and tax payments for business needs during the reporting period[9] - Net cash flow from investing activities increased by 257.53% year-over-year, primarily due to the receipt of fund income distribution from investments during the reporting period[10] - Net cash flow from financing activities decreased by 257.49% year-over-year, mainly due to subsidiaries repaying borrowings during the reporting period[10] Shareholder Information As of the reporting period end, the company had 44,323 common shareholders, with the top ten including major shareholder Song Lin and other individual and institutional investors Total Number of Common Shareholders and Voting Rights Restored Preferred Shareholders, and Top Ten Shareholders' Holdings The company had 44,323 common shareholders, with Song Lin holding the largest stake at 34.34%, including restricted shares - Total number of common shareholders at period-end: 44,323[12] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares (shares) | Number of Restricted Shares (shares) | | :--- | :--- | :--- | :--- | :--- | | Song Lin | Domestic Natural Person | 34.34% | 265,060,000.00 | 198,795,000.00 | | Jiang Suqing | Domestic Natural Person | 1.28% | 9,850,810.00 | 0 | | Liu Yuanjun | Domestic Natural Person | 0.91% | 7,034,650.00 | 0 | | China Construction Bank Co., Ltd. - Xinao New Energy Industry Stock Investment Fund | Domestic Non-State-Owned Legal Person | 0.69% | 5,297,934.00 | 0 | | Shan Guanglin | Domestic Natural Person | 0.55% | 4,250,200.00 | 0 | | Wang Meng | Domestic Natural Person | 0.45% | 3,484,500.00 | 0 | | Wang Yuesheng | Domestic Natural Person | 0.37% | 2,820,000.00 | 0 | | Guo Jie | Domestic Natural Person | 0.36% | 2,758,500.00 | 0 | | Li Hua | Domestic Natural Person | 0.33% | 2,541,600.00 | 0 | | Ye Gaorong | Domestic Natural Person | 0.28% | 2,167,500.00 | 0 | - The company is unaware of any associated relationships among the aforementioned other shareholders, nor whether they constitute concerted parties as defined by the 'Administrative Measures for Information Disclosure on Shareholding Changes of Listed Companies'[12] Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company has no preferred shareholders - The company has no preferred shareholders[13] Other Significant Matters There are no other significant matters to report for the period - There are no other significant matters for the company[13] Quarterly Financial Statements This section provides the consolidated balance sheet, income statement, and cash flow statement for the period ending September 30, 2022 Financial Statements The financial statements for Q3 2022 include the consolidated balance sheet, income statement, and cash flow statement, detailing the company's financial position, performance, and liquidity Consolidated Balance Sheet Presents the company's financial position as of September 30, 2022, detailing assets, liabilities, and equity Consolidated Balance Sheet (As of September 30, 2022) | Item | September 30, 2022 (RMB) | January 1, 2022 (RMB) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 1,320,948,579.53 | 911,924,701.39 | | Financial Assets Held for Trading | 82,197,208.22 | 254,048,570.64 | | Notes Receivable | 120,630,000.00 | 81,750,000.00 | | Prepayments | 349,560,874.70 | 20,189,619.37 | | Inventories | 897,252,745.42 | 970,612,034.04 | | Total Current Assets | 3,614,763,114.26 | 2,942,210,154.27 | | Long-Term Equity Investments | 2,169,282.68 | 3,377,819.36 | | Investment Properties | 155,448,886.92 | 110,026,211.60 | | Construction in Progress | 62,329,749.74 | 108,100,644.47 | | Total Non-Current Assets | 2,293,727,219.60 | 2,509,464,976.44 | | Total Assets | 5,908,490,333.86 | 5,451,675,130.71 | | Short-Term Borrowings | 432,689,660.97 | 313,290,723.17 | | Notes Payable | 20,000,000.00 | 163,870,000.00 | | Accounts Payable | 1,440,343,948.31 | 1,153,985,271.70 | | Taxes Payable | 61,967,314.99 | 32,166,237.31 | | Other Payables | 115,454,662.26 | 70,904,331.21 | | Total Current Liabilities | 2,200,040,016.83 | 1,865,223,990.16 | | Total Non-Current Liabilities | 188,097,695.62 | 200,510,755.27 | | Total Liabilities | 2,388,137,712.45 | 2,065,734,745.43 | | Total Equity Attributable to Parent Company Shareholders | 3,038,009,584.99 | 2,911,593,361.89 | | Minority Interests | 482,343,036.42 | 474,347,023.39 | | Total Equity | 3,520,352,621.41 | 3,385,940,385.28 | Consolidated Income Statement from Year-Beginning to End of Reporting Period Details the company's financial performance for the nine months ended September 30, 2022, including revenues, costs, and profits Consolidated Income Statement from Year-Beginning to End of Reporting Period (January-September 2022) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 4,401,173,878.88 | 3,249,495,852.81 | | Total Operating Costs | 4,247,277,629.45 | 3,140,489,028.14 | | Of which: Operating Cost | 4,075,381,511.04 | 2,987,860,169.02 | | Taxes and Surcharges | 16,427,012.19 | 11,483,859.85 | | Selling Expenses | 2,136,976.05 | 2,347,128.71 | | Administrative Expenses | 118,128,079.42 | 106,402,672.26 | | R&D Expenses | 51,060,119.02 | 42,822,022.05 | | Financial Expenses | -15,856,068.27 | -10,426,823.75 | | Investment Income | 167,545,404.25 | 5,687,989.22 | | Fair Value Change Gains | 6,047,726.59 | 215,834,202.81 | | Credit Impairment Losses | -1,490,566.53 | -615,663.46 | | Asset Impairment Losses | -4,291,858.58 | -1,634,922.60 | | Operating Profit | 332,208,732.61 | 338,330,359.21 | | Total Profit | 332,250,914.30 | 337,319,151.67 | | Net Profit | 262,686,279.43 | 266,321,632.18 | | Net Profit Attributable to Parent Company Shareholders | 209,987,234.21 | 234,074,821.94 | | Minority Interest Income/Loss | 52,699,045.22 | 32,246,810.24 | | Basic Earnings Per Share | 0.27 | 0.30 | | Diluted Earnings Per Share | 0.27 | 0.30 | Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period Outlines the company's cash inflows and outflows from operating, investing, and financing activities for the nine months ended September 30, 2022 Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period (January-September 2022) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Subtotal of Cash Inflows from Operating Activities | 2,817,209,720.41 | 2,059,112,326.56 | | Subtotal of Cash Outflows from Operating Activities | 2,780,239,594.44 | 1,866,728,545.83 | | Net Cash Flow from Operating Activities | 36,970,125.97 | 192,383,780.73 | | Subtotal of Cash Inflows from Investing Activities | 1,145,855,331.75 | 132,077,852.42 | | Subtotal of Cash Outflows from Investing Activities | 709,818,459.40 | 408,869,892.29 | | Net Cash Flow from Investing Activities | 436,036,872.35 | -276,792,039.87 | | Subtotal of Cash Inflows from Financing Activities | 396,416,263.30 | 256,504,925.00 | | Subtotal of Cash Outflows from Financing Activities | 461,433,926.77 | 215,221,659.55 | | Net Cash Flow from Financing Activities | -65,017,663.47 | 41,283,265.45 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 11,916,677.74 | -2,647,772.19 | | Net Increase in Cash and Cash Equivalents | 419,906,012.59 | -45,772,765.88 | | Cash and Cash Equivalents at Period-End | 1,118,915,609.38 | 872,339,407.24 | Audit Report The company's 2022 third-quarter report is unaudited - The company's third-quarter report is unaudited[21]