汉缆股份(002498) - 2023 Q3 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators The company demonstrated strong performance in Q3 2023, with a 16.05% YoY increase in single-quarter operating revenue and a significant 68.80% rise in net profit attributable to parent; year-to-date, revenue slightly increased by 0.89% and net profit by 5.90%, while net cash flow from operating activities significantly improved by 154.16% Core Financial Indicators for Q3 and First Three Quarters of 2023 | Indicator | Current Period (Q3) (CNY) | YoY Change in Current Period | Year-to-Date (YTD) (CNY) | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 2,869,555,000.36 | 16.05% | 7,221,647,436.01 | 0.89% | | Net Profit Attributable to Parent Company Shareholders | 281,815,703.29 | 68.80% | 705,931,659.41 | 5.90% | | Net Cash Flow from Operating Activities | — | — | 232,323,530.12 | 154.16% | | Basic Earnings Per Share (CNY/share) | 0.0847 | 69.40% | 0.2122 | 7.01% | Key Balance Sheet Indicators at Period End | Indicator | End of Current Period (CNY) | End of Prior Year (CNY) | Change from Prior Year End | | :--- | :--- | :--- | :--- | | Total Assets | 10,490,044,382.33 | 9,855,448,127.35 | 6.44% | | Total Owners' Equity Attributable to Parent Company Shareholders | 7,606,597,059.59 | 7,048,919,673.49 | 7.91% | Non-recurring Gains and Losses Items and Amounts In the first three quarters of 2023, the company's total non-recurring gains and losses amounted to 37.157 million CNY, primarily from government grants and fair value changes in financial assets held for trading, with government grants at 22.7216 million CNY and financial asset-related gains at 21.7824 million CNY Details of Non-recurring Gains and Losses for the First Three Quarters of 2023 | Item | Amount from Year-Beginning to End of Reporting Period (CNY) | | :--- | :--- | | Government grants included in current profit and loss | 22,721,614.93 | | Fair value changes and investment income from financial assets and liabilities held for trading | 21,782,370.82 | | Gains and losses from disposal of non-current assets | 1,106,310.14 | | Other non-operating income and expenses | -1,032,788.95 | | Total | 37,156,954.87 | Analysis of Major Financial Data Changes and Reasons During the reporting period, several financial indicators showed significant changes: prepayments increased by 442.87% due to higher material prepayments, and fixed assets grew by 65.35% from construction in progress transfers; accounts payable rose by 59.95% due to increased purchases, and non-current liabilities due within one year surged by 224.44% due to adjusted equity acquisition payment terms; credit impairment losses turned positive from long-aging accounts receivable collections, and investment income increased by 76.25% - Reasons for Balance Sheet Item Changes: - Prepayments: Increased by 442.87% year-over-year, primarily due to higher prepayments for materials[12] - Fixed Assets: Increased by 65.35% year-over-year, mainly due to completed construction in progress being transferred[12] - Construction in Progress: Decreased by 37.37% year-over-year, primarily due to project completion and transfer to fixed assets[12] - Financial Assets Held for Trading: Decreased by 61.19% year-over-year, mainly due to a reduction in unexpired wealth management products[12] - Non-current Liabilities Due Within One Year: Increased by 224.44% year-over-year, primarily due to adjusted payment terms for equity acquisition funds[12] - Reasons for Income Statement Item Changes: - Investment Income: Increased by 76.25% year-over-year, primarily due to increased investment income accounted for under the equity method[12] - Credit Impairment Losses: Shifted from -32.6765 million CNY in the prior period to 12.7598 million CNY in the current period, mainly due to significant write-offs from collections of long-aging accounts receivable[12] - Non-operating Expenses: Increased by 120.24% year-over-year, primarily due to increased donations[12] Shareholder Information Shareholding Status of Shareholders As of the end of the reporting period, the company had 109,828 common shareholders; controlling shareholder Qingdao Hanhe Group Co., Ltd. held 66.56%, indicating a highly concentrated equity structure, with other top ten shareholders, mostly individuals and institutional investors, holding less than 1% each - As of the end of the reporting period, the company had 109,828 common shareholders[16] Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Qingdao Hanhe Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 66.56% | 2,214,408,016 | | Liu De | Domestic Natural Person | 0.61% | 20,412,900 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 0.37% | 12,458,835 | | Zhao Jiqing | Domestic Natural Person | 0.16% | 5,175,300 | | Xiang Liang | Domestic Natural Person | 0.11% | 3,590,000 | Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2023, the company's total assets were 10.49 billion CNY, up 6.44% from the beginning of the year; total liabilities were 2.751 billion CNY, up 3.08%; and equity attributable to the parent company was 7.607 billion CNY, up 7.91%, maintaining a stable asset structure Key Items of Consolidated Balance Sheet | Item | September 30, 2023 (CNY) | January 1, 2023 (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 10,490,044,382.33 | 9,855,448,127.35 | 6.44% | | Total Current Assets | 7,776,668,626.36 | 7,258,985,013.94 | 7.13% | | Total Non-current Assets | 2,713,375,755.97 | 2,596,463,113.41 | 4.50% | | Total Liabilities | 2,750,716,317.06 | 2,668,525,454.43 | 3.08% | | Total Current Liabilities | 2,607,416,858.22 | 2,389,696,095.16 | 9.11% | | Total Owners' Equity | 7,739,328,065.27 | 7,186,922,672.92 | 7.69% | | Total Owners' Equity Attributable to Parent Company | 7,606,597,059.59 | 7,048,919,673.49 | 7.91% | Consolidated Income Statement from Year-Beginning to End of Reporting Period In the first three quarters of 2023, the company achieved total operating revenue of 7.222 billion CNY, a 0.89% increase year-over-year; total operating costs were 6.476 billion CNY, a slight increase of 0.92%; net profit attributable to parent company shareholders reached 706 million CNY, up 5.90%, with basic earnings per share at 0.2122 CNY Core Data of Consolidated Income Statement for the First Three Quarters of 2023 | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | I. Total Operating Revenue | 7,221,647,436.01 | 7,157,821,500.89 | 0.89% | | II. Total Operating Costs | 6,476,277,030.54 | 6,417,368,847.13 | 0.92% | | III. Operating Profit | 855,972,729.21 | 777,435,248.06 | 10.10% | | IV. Total Profit | 854,939,940.26 | 777,613,900.66 | 9.94% | | Net Profit Attributable to Parent Company Shareholders | 705,931,659.41 | 666,580,562.09 | 5.90% | | Basic Earnings Per Share | 0.2122 | 0.1983 | 7.01% | Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period In the first three quarters of 2023, net cash flow from operating activities was 232 million CNY, a significant reversal from -429 million CNY in the prior period, indicating substantial improvement in operational cash flow; net cash flow from investing activities was 324 million CNY, primarily due to investment recovery; net cash flow from financing activities was -268 million CNY; and the period-end cash and cash equivalents balance was 1.149 billion CNY Consolidated Cash Flow Statement for the First Three Quarters of 2023 | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 232,323,530.12 | -428,995,636.17 | | Net Cash Flow from Investing Activities | 323,993,483.03 | -203,272,795.92 | | Net Cash Flow from Financing Activities | -268,007,267.90 | 436,891,010.88 | | Net Increase in Cash and Cash Equivalents | 287,846,576.87 | -197,578,606.41 | | Cash and Cash Equivalents at Period End | 1,148,634,260.45 | 805,799,922.60 |