柘中股份(002346) - 2022 Q3 - 季度财报

Important Disclosures This section provides essential declarations regarding the report's authenticity, financial information accuracy, and audit status Declaration of Report Authenticity The Board of Directors, Supervisory Board, and all senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report - The Board of Directors, Supervisory Board, and all senior management guarantee the quarterly report is true, accurate, and complete, with no false records, misleading statements, or major omissions[3] Declaration of Financial Information Authenticity The company's responsible persons for finance and accounting declare the truthfulness, accuracy, and completeness of the financial information - The company's responsible person, the person in charge of accounting work, and the head of the accounting department declare that the financial information in the quarterly report is true, accurate, and complete[3] Audit Status This quarterly report has not been audited - The company's 2022 third-quarter report has not been audited[4] Key Financial Data This section details the company's primary accounting data, financial indicators, non-recurring gains and losses, and the reasons for significant changes Key Accounting Data and Financial Indicators The company's Q3 revenue grew by 30.22% year-over-year, but net profit attributable to shareholders decreased by 13.49%, with a significant decline in operating cash flow Key Accounting Data and Financial Indicators | Indicator | Current Reporting Period (CNY) | YoY Change in Current Period | Year-to-Date (CNY) | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 114,540,257.29 | 30.22% | 497,511,743.54 | 13.67% | | Net Profit Attributable to Shareholders of Listed Company | 84,114,219.85 | -13.49% | 303,550,524.44 | -5.79% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 34,406,259.69 | -12.00% | 124,007,496.02 | -8.87% | | Net Cash Flow from Operating Activities | — | — | 7,714,714.11 | -93.09% | | Basic Earnings Per Share (CNY/share) | 0.1900 | -13.64% | 0.69 | -5.48% | | Diluted Earnings Per Share (CNY/share) | 0.1900 | -13.64% | 0.69 | -5.48% | | Weighted Average Return on Net Assets | 3.39% | -0.93% | 12.22% | -2.54% | | Period-End Indicators | End of Current Reporting Period (CNY) | End of Previous Year (CNY) | Change from Previous Year-End | | | Total Assets | 3,552,583,796.68 | 4,982,569,173.20 | -28.70% | | | Owners' Equity Attributable to Shareholders of Listed Company | 2,563,497,657.85 | 2,403,372,728.97 | 6.66% | | Non-Recurring Gains and Losses and Amounts Non-recurring gains and losses totaled CNY 49.71 million for the quarter, primarily driven by fair value changes and investment income, with a notable tax impact Non-Recurring Gains and Losses | Item | Amount for Current Reporting Period (CNY) | Amount from Year-Beginning to End of Reporting Period (CNY) | | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | 48,672.57 | 242,701.19 | | Government Subsidies | 50,000.00 | 4,382,322.51 | | Gains/Losses from Entrusted Investment or Asset Management | 93,502.68 | 601,978.35 | | Gains/Losses from Changes in Fair Value and Investment Income | 65,776,722.32 | 241,956,201.25 | | Other Non-Operating Income and Expenses | 255,020.41 | -10,761,354.86 | | Other Gains/Losses Defined as Non-Recurring | | 2,592,700.00 | | Less: Income Tax Impact | 16,515,957.82 | 59,471,520.02 | | Total | 49,707,960.16 | 179,543,028.42 | - The company has not reclassified any non-recurring gains and losses listed in "Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public—Non-Recurring Gains and Losses" as recurring gains and losses[6] Changes and Reasons for Key Accounting Data and Financial Indicators Significant changes in financial metrics are attributed to short-term bank wealth management maturity, accounts receivable collection, increased prepayments, inventory growth, and the sale of Guojing Semiconductor equity - Cash and cash equivalents at period-end increased by 59.11% compared to the beginning of the period, primarily due to the recovery of matured short-term bank wealth management products and collection of some accounts receivable[7] - Accounts receivable at period-end decreased by 34.97% compared to the beginning of the period, mainly due to increased collection of accounts receivable during the current period[7] - Prepayments at period-end increased by 284.32% compared to the beginning of the period, primarily due to increased prepayments for purchases during the current period[7] - Inventories at period-end increased by 149.90% compared to the beginning of the period, mainly due to an increase in the company's inventory of finished goods and work-in-progress[7] - Other current assets, construction in progress, and intangible assets at period-end decreased by 97.92%, 96.09%, and 58.77% respectively compared to the beginning of the period, primarily due to the company's sale of its equity in Guojing (Jiaxing) Semiconductor Co., Ltd. during the current period[7] - Short-term borrowings at period-end increased by 650.00% compared to the beginning of the period, mainly due to an increase in the company's short-term bank borrowings during the current period[8] - Financial expenses increased by 250.75% compared to the same period last year, primarily due to increased interest payments on short-term bank borrowings during the current period[8] - Gains from changes in fair value increased by 465.49% compared to the same period last year, mainly due to increased fair value changes of financial assets measured at fair value during the current period[9] - Net cash flow from operating activities decreased by 93.09% compared to the same period last year, primarily due to a year-on-year increase in cash received from sales of goods and cash paid for purchases, leading to a corresponding decrease in net cash flow[9] - Net cash flow from financing activities increased by 122.27% compared to the same period last year, primarily due to an increase in cash received from borrowings and other cash related to financing activities during the current period[9] Shareholder Information This section provides details on the total number of common shareholders and the shareholding structure of the top ten shareholders Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the reporting period end, the company had 30,374 common shareholders, with Shanghai Kangfeng Investment Management Co., Ltd. being the largest shareholder - As of the end of the reporting period, the total number of common shareholders was 30,374, with no preferred shareholders whose voting rights have been restored[11] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | Number of Shares with Restricted Conditions (shares) | | :--- | :--- | :--- | :--- | :--- | | Shanghai Kangfeng Investment Management Co., Ltd. | Domestic Non-State-Owned Legal Person | 42.59% | 188,046,710 | 0 | | Lu Renjun | Domestic Natural Person | 13.11% | 57,884,066 | 43,413,049 | | Shanghai Guosheng Capital Management Co., Ltd. – Shanghai Guosheng Haitong Equity Investment Fund Partnership (Limited Partnership) | Other | 5.00% | 22,070,000 | 0 | | Gu Ruixing | Domestic Natural Person | 4.08% | 18,000,000 | 0 | | He Yaozhong | Domestic Natural Person | 3.96% | 17,495,800 | 0 | | Shanghai Zhezong Group Co., Ltd. Repurchase Special Securities Account | Domestic Natural Person | 1.30% | 5,750,060 | 0 | | Xu Guoyuan | Domestic Natural Person | 1.05% | 4,640,000 | 0 | | Ma Yuhua | Domestic Natural Person | 1.03% | 4,527,310 | 3,395,482 | | Tang Yibo | Domestic Natural Person | 0.83% | 3,680,000 | 0 | | Li Xinli | Domestic Natural Person | 0.74% | 3,270,000 | 0 | - Mr. Lu Renjun holds 60% equity in Shanghai Kangfeng Investment Management Co., Ltd. and is the company's chairman; Mr. Ma Yuhua is a current director of the company[12] Preferred Shareholder Information The company has no preferred shareholders - The company has no preferred shareholders[13] Other Important Matters The company transferred its 800 million CNY equity interest in Guojing (Jiaxing) Semiconductor Co., Ltd. to Jinruihong Microelectronics (Quzhou) Co., Ltd., ceasing to hold any interest - On March 9, 2022, the company's board of directors approved the transfer of its CNY 800 million equity interest in Guojing (Jiaxing) Semiconductor Co., Ltd. to Jinruihong Microelectronics (Quzhou) Co., Ltd[13] - Following the transaction, the company no longer holds any equity interest in Guojing Semiconductor[13] Quarterly Financial Statements This section presents the company's consolidated balance sheet, income statement, and cash flow statement for the reporting period Financial Statements This section provides the consolidated balance sheet, income statement, and cash flow statement as of September 30, 2022, detailing assets, liabilities, equity, operating results, and cash flows Consolidated Balance Sheet As of September 30, 2022, total assets were CNY 3.55 billion, a 28.70% decrease from the beginning of the year, primarily due to the sale of Guojing Semiconductor equity Consolidated Balance Sheet Major Data (As of September 30, 2022) | Item | September 30, 2022 (CNY) | January 1, 2022 (CNY) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 246,172,452.93 | 154,722,717.52 | | Financial Assets Held for Trading | 35,571,515.23 | 47,640,790.88 | | Accounts Receivable | 295,471,175.45 | 454,333,957.22 | | Inventories | 291,627,691.25 | 116,698,334.37 | | Other Current Assets | 1,675,376.14 | 80,674,185.18 | | Construction in Progress | 63,698,852.17 | 1,627,703,241.17 | | Intangible Assets | 40,233,106.21 | 97,576,473.59 | | Other Non-Current Assets | 90,000,000.00 | 44,575,585.45 | | Total Assets | 3,552,583,796.68 | 4,982,569,173.20 | | Short-Term Borrowings | 150,000,000.00 | 20,000,000.00 | | Accounts Payable | 81,629,626.22 | 243,999,077.08 | | Other Payables | 137,646,391.98 | 246,111,231.06 | | Total Liabilities | 989,086,138.83 | 1,609,164,736.55 | | Total Owners' Equity Attributable to Parent Company | 2,563,497,657.85 | 2,403,372,728.97 | | Total Liabilities and Owners' Equity | 3,552,583,796.68 | 4,982,569,173.20 | Consolidated Income Statement from Year-Beginning to End of Reporting Period Total operating revenue reached CNY 498 million, up 13.67%, but net profit decreased by 5.79% to CNY 304 million, despite a significant increase in fair value change gains Consolidated Income Statement Major Data (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 497,511,743.54 | 437,687,537.11 | | Total Operating Costs | 411,813,211.43 | 364,673,618.22 | | Taxes and Surcharges | 4,104,102.85 | 1,607,093.08 | | Financial Expenses | 3,109,189.42 | -2,062,454.17 | | Other Income | 4,382,322.51 | 632,876.72 | | Investment Income | 93,732,671.79 | 223,356,674.48 | | Gains from Changes in Fair Value | 195,825,180.96 | 34,629,252.68 | | Operating Profit | 379,881,408.56 | 331,581,064.18 | | Total Profit | 369,120,053.70 | 329,581,064.23 | | Income Tax Expense | 65,569,529.26 | 7,388,913.51 | | Net Profit | 303,550,524.44 | 322,192,150.72 | | Net Profit Attributable to Parent Company Shareholders | 303,550,524.44 | 322,192,150.72 | | Basic Earnings Per Share | 0.69 | 0.73 | Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period Operating cash flow significantly decreased by 93.09% to CNY 7.71 million, while financing cash flow turned positive due to increased borrowings Consolidated Cash Flow Statement Major Data (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Subtotal of Cash Inflows from Operating Activities | 805,337,385.17 | 504,785,827.59 | | Subtotal of Cash Outflows from Operating Activities | 797,622,671.06 | 393,188,010.94 | | Net Cash Flow from Operating Activities | 7,714,714.11 | 111,597,816.65 | | Subtotal of Cash Inflows from Investing Activities | 632,826,940.37 | 872,138,288.46 | | Subtotal of Cash Outflows from Investing Activities | 524,440,646.71 | 747,369,756.20 | | Net Cash Flow from Investing Activities | 108,386,293.66 | 124,768,532.26 | | Subtotal of Cash Inflows from Financing Activities | 376,999,999.96 | 20,000,000.00 | | Subtotal of Cash Outflows from Financing Activities | 328,921,575.16 | 235,884,228.04 | | Net Cash Flow from Financing Activities | 48,078,424.80 | -215,884,228.04 | | Net Increase in Cash and Cash Equivalents | 164,344,464.11 | 20,473,115.56 | | Cash and Cash Equivalents at End of Period | 246,172,452.93 | 84,537,153.41 | Audit Report The company's third-quarter report has not been audited - The company's third-quarter report has not been audited[24]