梦洁股份(002397) - 2021 Q3 - 季度财报

Key Financial Data Core Financial Indicators The company's Q3 2021 saw 12.82% revenue growth but a 19.62 million RMB net loss, with year-to-date operating cash flow at -89.73 million RMB, a 159.15% decrease, indicating significant cash flow pressure Key Financial Indicators for the First Three Quarters of 2021 | Indicator | Year-to-Date (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,529,888,170.68 | 12.82% | | Net Profit Attributable to Shareholders of Listed Company | 27,477,683.97 | 8.77% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Gains/Losses | 22,285,487.69 | 58.26% | | Net Cash Flow from Operating Activities | -89,731,688.13 | -159.15% | | Total Assets | 3,695,611,800.32 | 9.26% (vs. end of prior year) | | Owners' Equity Attributable to Shareholders of Listed Company | 1,786,822,432.21 | -1.00% (vs. end of prior year) | Q3 2021 Single Quarter Financial Indicators | Indicator | Current Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 513,557,941.23 | 9.34% | | Net Profit Attributable to Shareholders of Listed Company | -19,621,984.50 | 4.10% | Non-Recurring Gains and Losses Year-to-date, total non-recurring gains and losses were 5.19 million RMB, mainly from government grants, with adjusted net profit attributable to shareholders at 22.29 million RMB, up 58.26%, showing improved core business profitability Details of Non-Recurring Gains and Losses (Year-to-Date) | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 276,454.31 | | Government Grants Included in Current Period P&L | 6,108,464.00 | | Net Other Non-Operating Income and Expenses | -474,561.14 | | Less: Income Tax and Minority Interest Impact | 1,992,163.26 | | Total | 5,192,196.28 | Analysis of Key Financial Indicator Changes Significant financial indicator changes include a 109.43% increase in prepayments, 42.42% rise in short-term borrowings, 159.15% decrease in operating cash flow due to inventory, and 177.00% increase in financing cash flow from new bank loans, supporting business expansion - Prepayments increased by 109.43% compared to the beginning of the year, primarily due to stocking up on raw materials[9] - Short-term borrowings increased by 42.42% compared to the beginning of the year, mainly due to increased bank borrowings for production and operations[10] - Net cash flow from operating activities decreased by 159.15% year-on-year, primarily due to increased inventory stocking in the current period[10] - Net cash flow from financing activities increased by 177.00% year-on-year, primarily due to increased bank borrowings for production and operations in the current period[10] Shareholder Information Shareholding Information As of the reporting period end, the company had 42,684 common shareholders, with top ten shareholders mostly domestic individuals and significant share pledges, notably by controlling shareholder Jiang Tianwu - As of the end of the reporting period, the company had a total of 42,684 common shareholders[12] Top Ten Shareholders' Holdings and Pledges | Shareholder Name | Holding Percentage | Number of Pledged Shares | | :--- | :--- | :--- | | Jiang Tianwu | 18.75% | 88,000,000 | | Wu Jing | 11.59% | 0 | | Li Jianwei | 8.19% | 41,800,000 | | Li Jing | 5.67% | 42,710,000 | | Zhang Aichun | 5.30% | 35,000,000 | | Li Jun | 4.25% | 21,283,290 | - The company is unaware of any related party relationships or concerted actions among the top ten shareholders[13] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2021, total assets reached 3.70 billion RMB (+9.26%), liabilities 1.86 billion RMB (+20.90%) due to increased borrowings, and owners' equity 1.79 billion RMB (-1.00%) Key Balance Sheet Items | Item | September 30, 2021 (RMB) | December 31, 2020 (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 3,695,611,800.32 | 3,382,410,953.20 | 9.26% | | Total Liabilities | 1,863,348,133.78 | 1,541,297,642.95 | 20.90% | | Owners' Equity Attributable to Parent Company | 1,786,822,432.21 | 1,804,899,750.81 | -1.00% | - Among current assets, prepayments increased by 109.43% from approximately 99 million RMB to 209 million RMB due to inventory stocking[9][16] - Among current liabilities, short-term borrowings increased from 495 million RMB to 705 million RMB, and notes payable from 406 million RMB to 638 million RMB, being the primary drivers of liability growth[10][17] Consolidated Income Statement Q1-Q3 2021 operating revenue reached 1.53 billion RMB (+12.82%), but increased operating, sales, and R&D costs limited net profit attributable to shareholders to 27.48 million RMB (+8.77%), indicating limited profitability improvement Key Income Statement Items (Year-to-Date) | Item | Current Period (RMB) | Prior Period (RMB) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,529,888,170.68 | 1,356,028,388.66 | 12.82% | | Total Operating Costs | 1,498,139,815.67 | 1,354,181,631.48 | 10.63% | | Of which: Sales Expenses | 468,414,547.53 | 414,803,012.46 | 12.92% | | R&D Expenses | 56,173,669.60 | 45,257,722.15 | 24.12% | | Net Profit Attributable to Parent Company Owners | 27,477,683.97 | 25,262,744.15 | 8.77% | Consolidated Cash Flow Statement Q1-Q3 2021 operating cash flow turned negative at -89.73 million RMB due to increased purchases, investing activities had a 214 million RMB net outflow, financing activities a 140 million RMB net inflow, leading to a 164 million RMB net decrease in cash and equivalents Key Cash Flow Statement Items (Year-to-Date) | Item | Current Period (RMB) | Prior Period (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -89,731,688.13 | 151,705,876.66 | | Net Cash Flow from Investing Activities | -214,232,677.14 | -161,632,275.18 | | Net Cash Flow from Financing Activities | 140,359,213.89 | -182,290,473.66 | | Net Increase in Cash and Cash Equivalents | -163,826,027.97 | -192,132,962.69 | - Among operating cash outflows, 'cash paid for goods and services' significantly increased to 1.14 billion RMB from 703 million RMB in the prior year, primarily causing negative operating cash flow[25] - In investing activities, 'cash paid for investments' was 53 million RMB, compared to zero in the prior year, a key reason for the expanded investment outflow[25] Notes on Financial Statement Adjustments Effective January 1, 2021, the company adopted new lease standards, retrospectively adjusting opening financial statements by recognizing 69.21 million RMB in 'right-of-use assets' and 'lease liabilities,' without affecting opening owners' equity - The company first adopted new lease standards in 2021, adjusting its financial statements as of January 1, 2021[27] Impact of New Lease Standards Adoption on Opening Balance Sheet | Adjustment Item | Adjustment Amount (RMB) | | :--- | :--- | | Right-of-Use Assets | +69,205,724.20 | | Lease Liabilities | +69,205,724.20 | Audit Report This quarterly report is unaudited - The company's Q3 2021 report is unaudited[32]