天桥起重(002523) - 2023 Q3 - 季度财报

Key Information Disclosure This section highlights critical disclosures regarding the report's accuracy, financial information, and audit status Board of Directors, Supervisory Board, and Senior Management Guarantee Information Disclosure Accuracy The company's board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report - The Board of Directors, Supervisory Board, and all Directors, Supervisors, and Senior Management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[2] Statement by Company Head, Head of Accounting, and Head of Accounting Department The company's head, head of accounting, and head of the accounting department declare the truthfulness, accuracy, and completeness of the financial information - The company's head, the person in charge of accounting work, and the head of the accounting department (accounting supervisor) declare that the financial information in the quarterly report is true, accurate, and complete[3] Is the Third Quarter Report Audited The company's 2023 third-quarter report has not been audited - The company's third-quarter report is unaudited[4] I. Key Financial Data This section presents the company's primary financial performance indicators and balance sheet items for the current period and year-to-date (I) Key Accounting Data and Financial Indicators The company's operating revenue and net profit for Q3 2023 and YTD both declined year-over-year, with net profit attributable to shareholders decreasing over 110% Key Financial Indicators for Q3 2023 and Year-to-Date | Indicator | Current Period | YoY Change Current Period | Year-to-Date | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 384,648,367.57 | -11.52% | 948,987,028.58 | -7.53% | | Net Profit Attributable to Shareholders of Listed Company (RMB) | -2,996,776.04 | -112.43% | -4,689,044.32 | -113.34% | | Net Profit Attributable to Shareholders of Listed Company, Excluding Non-recurring Gains and Losses (RMB) | -4,220,757.26 | -126.00% | -10,505,160.42 | -147.81% | | Net Cash Flow from Operating Activities (RMB) | — | — | 45,013,704.46 | -49.55% | | Basic Earnings Per Share (RMB/share) | -0.002 | -111.76% | -0.003 | -112.00% | | Diluted Earnings Per Share (RMB/share) | -0.002 | -111.76% | -0.003 | -112.00% | | Weighted Average Return on Net Assets | -0.13% | -1.14% | -0.20% | -1.68% | | Period End Indicators | End of Current Reporting Period | End of Last Fiscal Year | Change from Last Fiscal Year End | | | Total Assets (RMB) | 4,112,585,173.38 | 4,155,616,778.58 | -1.04% | | | Total Equity Attributable to Shareholders of Listed Company (RMB) | 2,194,355,029.75 | 2,314,940,470.07 | -5.21% | | (II) Non-recurring Gains and Losses Items and Amounts The company's non-recurring gains and losses totaled RMB 1.22 million for the current period and RMB 5.82 million YTD, primarily from government grants and fair value changes Non-recurring Gains and Losses Items and Amounts (Unit: RMB) | Item | Amount for Current Period | Amount Year-to-Date | | :--- | :--- | :--- | | Gains and Losses from Disposal of Non-current Assets | -12,197.33 | 43,695.72 | | Government Grants Recognized in Current Profit/Loss | 2,964,700.60 | 9,376,323.76 | | Gains and Losses from Fair Value Changes of Financial Assets/Liabilities and Investment Income | 285,210.57 | 749,392.86 | | Other Non-operating Income and Expenses Excluding the Above | -1,543,274.06 | -1,933,069.01 | | Less: Income Tax Impact | 307,823.81 | 1,428,808.57 | | Impact on Minority Interests (After Tax) | 162,634.75 | 991,418.66 | | Total | 1,223,981.22 | 5,816,116.10 | - The company does not classify any non-recurring gains and losses items 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[7] (III) Changes and Reasons for Key Accounting Data and Financial Indicators Multiple key indicators across the balance sheet, income statement, and cash flow statement changed significantly this period, influenced by maturing wealth management products, loan interest rate adjustments, and sales cash flow Balance Sheet Item Changes and Reasons Significant balance sheet changes include increased cash and cash equivalents due to wealth management product maturity and higher long-term borrowings from favorable interest rates - Cash and cash equivalents at period-end increased by 94.44% from period-start, primarily due to wealth management products maturing and being converted into large-denomination certificates of deposit[8] - Financial assets held for trading at period-end decreased by 96.66% from period-start, mainly because wealth management products matured and were converted into large-denomination certificates of deposit[8] - Long-term borrowings at period-end increased by 98.81% from period-start, primarily due to a decrease in bank loan interest rates, leading the company to increase long-term borrowings[8] - Contract liabilities at period-end increased by 57.88% from period-start, mainly due to an increase in prepayments received by the company during the current period[8] Income Statement Item Changes and Reasons Key income statement changes include a significant reduction in financial expenses and investment income, alongside increased credit impairment losses and reduced income tax expense - Financial expenses for the current period decreased by 86.64% compared to the same period last year, mainly due to increased interest income from large-denomination certificates of deposit and reduced interest expenses from lower bank loan interest rates[9] - Investment income for the current period decreased by 61.30% compared to the same period last year, primarily because wealth management products matured and were converted into large-denomination certificates of deposit, leading to reduced investment income[9] - Credit impairment losses for the current period decreased by 133.68% (switched from positive to negative) compared to the same period last year, mainly due to changes in collection structure and increased provision for bad debts[9] - Income tax expense for the current period decreased by 869.26% (switched from positive to negative) compared to the same period last year, primarily due to a decrease in the company's total profit compared to the same period last year[9] Cash Flow Statement Item Changes and Reasons Operating cash flow significantly decreased, while investing cash flow increased due to wealth management product redemptions, and financing cash flow turned positive due to increased bank loans - Net cash flow from operating activities for the current period decreased by 49.55% compared to the same period last year, primarily due to a decrease in cash received from sales of goods and services[9] - Net cash flow from investing activities for the current period increased by 357.39% compared to the same period last year, mainly due to the redemption of bank wealth management products and their conversion into large-denomination certificates of deposit[9] - Net cash flow from financing activities for the current period increased by 156.27% (switched from negative to positive) compared to the same period last year, primarily due to a decrease in bank loan interest rates, leading to an increase in the company's bank loans[9] II. Shareholder Information This section details the total number of common shareholders and the shareholding structure of the top ten shareholders (I) Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Shareholding As of the reporting period end, the company had 42,560 common shareholders, with the top ten primarily state-owned legal entities, led by Zhuzhou State-owned Assets Investment Holding Group Co., Ltd - The total number of common shareholders at the end of the reporting period was 42,560[11] Top 10 Shareholders' Shareholding Information (Unit: Shares) | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Zhuzhou State-owned Assets Investment Holding Group Co., Ltd. | State-owned Legal Entity | 24.08% | 341,071,926 | | CRRC Industrial Investment Co., Ltd. | State-owned Legal Entity | 5.00% | 70,832,040 | | Aluminum Corporation of China International Engineering Co., Ltd. | State-owned Legal Entity | 3.80% | 53,866,933 | | Huadian Electric Power Research Institute Co., Ltd. | State-owned Legal Entity | 3.33% | 47,144,362 | | Gao Jian | Domestic Natural Person | 1.80% | 25,550,086 | | Fu Shaomin | Domestic Natural Person | 0.87% | 12,280,960 | | Liu Jiansheng | Domestic Natural Person | 0.86% | 12,141,410 | | Yin Lei | Domestic Natural Person | 0.80% | 11,309,549 | | Xu Xueming | Domestic Natural Person | 0.68% | 9,584,832 | | Wu Cailian | Domestic Natural Person | 0.59% | 8,300,000 | - The shareholding of the top 10 shareholders with unrestricted shares is consistent with the top 10 shareholders, all being RMB common shares[12] (II) Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Shareholding The company has no preferred shareholders - The company has no preferred shareholders[13] III. Other Significant Matters This section discloses any other material events or information not covered in previous sections Other Significant Matters There are no other significant matters requiring disclosure in this reporting period - The company has no other significant matters[13] IV. Quarterly Financial Statements This section provides the consolidated balance sheet, income statement, and cash flow statement for the quarter and year-to-date 1. Consolidated Balance Sheet As of September 30, 2023, total assets and equity attributable to the parent company slightly decreased, while cash and cash equivalents significantly increased Consolidated Balance Sheet Key Data (Unit: RMB) | Item | September 30, 2023 | January 1, 2023 | Change | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 769,409,078.45 | 395,707,070.88 | Increase 373,702,007.57 | | Financial Assets Held for Trading | 7,594,888.93 | 227,218,850.97 | Decrease 219,623,962.04 | | Other Equity Instrument Investments | 139,563,807.30 | 253,838,736.56 | Decrease 114,274,929.26 | | Contract Liabilities | 432,799,785.96 | 274,132,152.14 | Increase 158,667,633.82 | | Long-term Borrowings | 161,000,000.00 | 80,980,000.00 | Increase 80,020,000.00 | | Total Assets | 4,112,585,173.38 | 4,155,616,778.58 | Decrease 43,031,605.20 | | Total Equity Attributable to Parent Company Shareholders | 2,194,355,029.75 | 2,314,940,470.07 | Decrease 120,585,440.32 | 2. Consolidated Income Statement (Year-to-Date) Year-to-date, total operating revenue declined, and operating profit, total profit, and net profit all turned from positive to negative, primarily due to reduced investment income and increased credit impairment losses Consolidated Income Statement Key Data (Unit: RMB) | Item | Amount for Current Period (YTD 2023) | Amount for Same Period Last Year (YTD 2022) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 948,987,028.58 | 1,026,218,889.43 | Decrease 7.53% | | Operating Profit | -19,091,099.86 | 35,696,811.13 | Switched from positive to negative | | Total Profit | -20,514,921.40 | 34,851,810.88 | Switched from positive to negative | | Net Profit | -12,333,387.38 | 33,788,251.52 | Switched from positive to negative | | Net Profit Attributable to Parent Company Shareholders | -4,689,044.32 | 35,155,611.16 | Switched from positive to negative | | Financial Expenses | 1,752,254.28 | 13,117,194.97 | Decrease 86.64% | | Investment Income | 2,747,364.54 | 7,099,599.98 | Decrease 61.30% | | Credit Impairment Losses | -9,849,278.12 | 29,239,685.98 | Decrease 133.68% (switched from positive to negative) | | Basic Earnings Per Share | -0.003 | 0.025 | Decrease 112.00% (switched from positive to negative) | 3. Consolidated Cash Flow Statement (Year-to-Date) Year-to-date, net cash flow from operating activities significantly decreased, while net cash flow from investing activities substantially increased, and net cash flow from financing activities turned positive Consolidated Cash Flow Statement Key Data (Unit: RMB) | Item | Amount for Current Period (YTD 2023) | Amount for Same Period Last Year (YTD 2022) | Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 45,013,704.46 | 89,221,238.30 | Decrease 49.55% | | Net Cash Flow from Investing Activities | 217,196,254.98 | 47,486,141.72 | Increase 357.39% | | Net Cash Flow from Financing Activities | 94,716,087.60 | -168,335,980.62 | Switched from negative to positive, Increase 156.27% | | Net Increase in Cash and Cash Equivalents | 356,933,607.08 | -30,878,615.38 | Switched from negative to positive, Substantial Increase | | Cash and Cash Equivalents at Period End | 679,600,295.11 | 271,160,753.86 | Increase 150.63% | (II) Adjustments to Initial Financial Statements for First-time Adoption of New Accounting Standards in 2023 The company did not make any retrospective adjustments or restatements to its initial financial statements for the first-time adoption of new accounting standards in 2023 - The company did not adjust any related items in its initial financial statements due to the first-time adoption of new accounting standards[23] (III) Audit Report This quarterly report has not been audited - The company's third-quarter report is unaudited[23]