众业达(002441) - 2019 Q1 - 季度财报

Important Notice The board of directors, supervisory board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report - The company's board of directors, supervisory board, and all directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, free from false records, misleading statements, or major omissions, and assume corresponding legal responsibilities[5] - Company负责人 Wu Kaixian, Chief Accountant Wang Baoyu, and Head of Accounting Department Li Huiyi declare that the financial statements in the quarterly report are true, accurate, and complete[6] Company Overview This section provides an overview of the company's key financial data, performance indicators, and shareholder structure for the reporting period Key Accounting Data and Financial Indicators In Q1 2019, the company achieved robust growth with a 45.24% increase in operating revenue and a 44.71% rise in net profit attributable to shareholders, alongside improved operating cash flow and modest asset growth Key Financial Indicators for Q1 2019 | Indicator | Current Reporting Period (CNY) | Prior Year Period (CNY) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 2.29 billion | 1.58 billion | 45.24% | | Net Profit Attributable to Shareholders of Listed Company | 90.15 million | 62.29 million | 44.71% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 90.12 million | 60.59 million | 48.75% | | Net Cash Flow from Operating Activities | -4.92 million | -95.70 million | 94.86% | | Basic Earnings Per Share (CNY/share) | 0.17 | 0.11 | 54.55% | | Weighted Average Return on Net Assets | 2.39% | 1.73% | Increased by 0.66 percentage points | | Total Assets | 5.46 billion | 5.33 billion (End of Prior Year) | 2.38% (Compared to End of Prior Year) | | Net Assets Attributable to Shareholders of Listed Company | 3.82 billion | 3.73 billion (End of Prior Year) | 2.41% (Compared to End of Prior Year) | - During the reporting period, non-recurring gains and losses totaled 22,710.92 CNY, having a minor impact on net profit[10] Shareholder Information As of the end of the reporting period, the company had 34,942 common shareholders, with the top ten holding 63.93% of shares, indicating concentrated ownership, and key shareholders Wu Kaixian, Yan Suzhen, Wu Senjie, and Wu Senyue acting in concert - As of the end of the reporting period, the company had 34,942 common shareholders[13] Top Ten Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held (shares) | | :--- | :--- | :--- | | Wu Kaixian | 29.09% | 158,508,340 | | Yan Suzhen | 8.81% | 48,000,000 | | Wu Senyue | 5.90% | 32,121,000 | | Wu Senjie | 5.87% | 32,000,000 | | Jinying Zhongzhi Industrial Investment Private Placement No. 5 | 4.17% | 22,710,000 | | Jinying Zhongzhi Industrial Investment Private Placement No. 1 | 2.50% | 13,626,000 | | Ping An Dahua Ping An Jincheng Wealth Hongyun No. 141 | 1.53% | 8,335,087 | | Qiu Rongqing | 0.88% | 4,800,000 | | Hengtian Zhongyan Xinghe Capital Event Strategy Private Fund Phase 3 | 0.63% | 3,424,500 | | Wang Zongcheng | 0.55% | 3,002,700 | - Among the major shareholders, Wu Kaixian and Yan Suzhen are a married couple, and Wu Senjie and Wu Senyue are their sons, forming a group of concerted parties[14] Significant Matters This section details key financial data changes, significant event progress, unfulfilled commitments, and future performance outlook Analysis of Changes in Key Financial Data and Reasons During the reporting period, the company experienced significant financial data changes, including a 45.24% increase in operating revenue, a 215.85% surge in R&D expenses, a 341.99% rise in asset impairment losses, and a 94.86% reduction in net operating cash outflow - Operating revenue increased by 45.24% year-on-year, primarily due to adjustments in VAT rates and price changes by some suppliers, leading to sales growth[24] - R&D expenses significantly increased by 215.85% year-on-year, mainly due to increased R&D investment by the company's high-tech subsidiaries[27] - Asset impairment losses surged by 341.99% year-on-year, primarily due to the provision for various asset impairment reserves in accordance with accounting standards[29] - Net cash flow from operating activities was -4.92 million CNY, a significant 94.86% improvement year-on-year, mainly driven by increased purchases and sales due to VAT rate adjustments and supplier price changes, alongside payment settlement periods[34] Progress of Significant Matters During the reporting period, the company completed partial restricted stock repurchases, still awaits 122 million CNY for Microvast Power equity, and noted non-compliant share reductions by major shareholder Zhongzhi and its concerted parties - The company completed the repurchase and cancellation of 436,600 restricted shares from 31 incentive recipients at a price of 6.05 CNY per share[41] - Regarding the sale of Microvast Power equity, as of the end of the reporting period, the counterparty still owes 122.182 million CNY in repurchase amount and overdue interest[43] - The share reduction plan of major shareholder Zhongzhi and its concerted parties has expired; during this period, its concerted party Xinghe Capital Phase 3 engaged in non-compliant share reduction, exceeding 1% within ninety consecutive calendar days[45] Fulfillment of Commitments During the reporting period, there were no overdue unfulfilled commitments by the company's actual controller, shareholders, related parties, acquirers, or other committed parties - The company had no overdue unfulfilled commitments during the reporting period[47] Half-Year Performance Forecast The company did not provide a forecast for its operating performance for January-June 2019 - The company did not provide a forecast for its operating performance for January-June 2019[48] Financial Statements This section presents the company's unaudited consolidated and parent company financial statements for the first quarter of 2019, along with accounting policy adjustments Financial Statement Details This chapter provides the company's unaudited consolidated and parent company financial statements for Q1 2019, including balance sheets, income statements, and cash flow statements Consolidated Balance Sheet Presents the consolidated financial position of the company and its subsidiaries at the end of the reporting period Parent Company Balance Sheet Details the financial position of the parent company at the end of the reporting period Consolidated Income Statement Reports the consolidated financial performance of the company and its subsidiaries for the reporting period Parent Company Income Statement Presents the financial performance of the parent company for the reporting period Consolidated Cash Flow Statement Summarizes the consolidated cash inflows and outflows from operating, investing, and financing activities Parent Company Cash Flow Statement Outlines the parent company's cash flows from operating, investing, and financing activities Explanation of Financial Statement Adjustments Effective January 1, 2019, the company adjusted financial statement items due to the initial adoption of new financial instrument accounting standards, primarily reclassifying 'available-for-sale financial assets' to 'other equity instrument investments' without impacting opening owner's equity - The company changed its accounting policies due to the implementation of revised financial instrument accounting standards (CAS 22, 23, 24, 37) issued by the Ministry of Finance in 2017[82] Impact of Accounting Policy Changes (Consolidated Statements) | Original Reporting Item | Amount (CNY) | New Reporting Item | Amount (CNY) | | :--- | :--- | :--- | :--- | | Available-for-sale financial assets | 201.14 million | Other equity instrument investments | 201.14 million | Audit Report The company's Q1 2019 report is unaudited - This quarterly report is unaudited[86]