金财互联(002530) - 2023 Q3 - 季度财报

Important Content Notice The board, supervisory board, and senior management guarantee the accuracy and completeness of the quarterly report, which remains unaudited - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content and assume legal responsibility[3] - The company's principal, the person in charge of accounting work, and the head of the accounting department declare that the financial information is true, accurate, and complete[3] - This report has not been audited[4] I. Key Financial Data The company's financial performance for the third quarter and year-to-date shows a decrease in revenue but a significant reduction in net loss and improved operating cash flow 1. Key Accounting Data and Financial Indicators The company's key financial data for Q3 2023 and year-to-date shows a slight decrease in operating revenue but a significant narrowing of net loss attributable to shareholders and improved net cash flow from operating activities Key Accounting Data and Financial Indicators | Indicator | Current Period (CNY) | YoY Change in Current Period | Year-to-Date (CNY) | YoY Change in Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 290,733,922.24 | -5.65% | 861,566,152.28 | -4.40% | | Net Profit Attributable to Shareholders of Listed Company | -17,935,390.63 | -2.93% | -46,693,225.04 | 53.39% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | -19,241,080.26 | 4.68% | -55,253,810.41 | 50.92% | | Net Cash Flow from Operating Activities | — | — | -24,751,639.83 | 30.97% | | Basic Earnings Per Share (CNY/share) | -0.023 | -4.55% | -0.060 | 53.49% | | Diluted Earnings Per Share (CNY/share) | -0.023 | -4.55% | -0.060 | 53.49% | | Weighted Average Return on Net Assets | -1.35% | Decreased by 0.28 percentage points | -3.47% | Increased by 2.54 percentage points | | Balance Sheet Indicators | End of Current Period (CNY) | End of Prior Year (CNY) | Change from End of Prior Year | | | Total Assets | 2,625,876,225.16 | 2,685,321,487.19 | -2.21% | | | Owners' Equity Attributable to Shareholders of Listed Company | 1,322,597,178.94 | 1,369,290,403.98 | -3.41% | | - Year-to-date, the net loss attributable to shareholders significantly narrowed by 53.39% year-on-year, indicating improved profitability[4] - Year-to-date, net cash flow from operating activities improved by 30.97% year-on-year, indicating optimized cash flow management[4] 2. Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's non-recurring gains and losses primarily stemmed from government subsidies and financial asset investment income, positively impacting net profit with a year-to-date total contribution of 8.56 million CNY Non-Recurring Gains and Losses Items and Amounts | Item | Amount for Current Period (CNY) | Amount from Year-Beginning to End of Reporting Period (CNY) | Description | | :--- | :--- | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -4,205.26 | -64,669.44 | | | Tax refunds or reductions due to unauthorized approval or lack of formal approval documents | 370,001.09 | 1,013,594.50 | Chongqing Fengdong Heat Treatment Engineering Co Ltd received VAT refunds for welfare enterprises | | Government subsidies recognized in current profit or loss | 2,213,236.61 | 9,815,663.22 | Special funds for digitalization, high-tech enterprise subsidies; special funds for technology development, awards, and subsidies for heat treatment | | Fair value changes from holding transactional financial assets/liabilities, and investment income from disposal of transactional financial assets/liabilities and available-for-sale financial assets | 576,250.48 | 2,056,041.99 | Interest income from purchasing principal-protected, low-risk bank wealth management products | | Other non-operating income and expenses apart from the above | -312,632.62 | -565,462.70 | | | Less: Income tax impact | 1,100,778.38 | 2,700,678.46 | | | Minority interest impact (after tax) | 436,182.29 | 993,903.74 | | | Total | 1,305,689.63 | 8,560,585.37 | | - Year-to-date, government subsidies recognized in current profit or loss amounted to 9.82 million CNY, primarily for digitalization segment's localization adaptation, R&D projects, and heat treatment segment's technology development and innovation awards[7] - Year-to-date, investment income from purchasing principal-protected, low-risk bank wealth management products totaled 2.06 million CNY[7] 3. Changes and Reasons for Key Accounting Data and Financial Indicators Multiple items in the company's balance sheet, income statement, and cash flow statement experienced significant changes this period, mainly due to maturing wealth management products, increased prepayments, higher investment income from joint ventures, and the company's cost-saving strategies - On the balance sheet, transactional financial assets decreased by 74.58% to 48.12 million CNY, primarily due to matured wealth management products being converted to bank deposits; prepayments increased by 62.70% to 49.65 million CNY, mainly due to increased prepayments for equipment in the heat treatment segment and service fees in the digitalization segment; long-term borrowings increased by 174.45% to 52.40 million CNY, primarily due to increased borrowings in the heat treatment segment[9] - On the income statement, investment income significantly increased by 153.14% year-on-year to 10.52 million CNY, mainly due to increased investment income from joint ventures accounted for under the equity method; credit impairment losses decreased by 38.77% year-on-year, while asset impairment losses increased by 35.23% year-on-year[10] - On the cash flow statement, net cash flow from operating activities improved by 30.97% year-on-year to -24.75 million CNY, primarily due to the company's cost-saving measures reducing operating cash outflows; net cash flow from investing activities significantly increased by 309.56% year-on-year to 131.81 million CNY, primarily due to the recovery of investments and bank wealth management funds; net cash flow from financing activities improved by 75.17% year-on-year to -22.43 million CNY, mainly due to a decrease in loan repayments[11] II. Shareholder Information This section details the total number of common shareholders and the holdings of the top ten shareholders, including information on pledged shares 1. Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 50,697 common shareholders; among the top ten, Jiangsu Dongrun Jincai Investment Management Co Ltd is the largest shareholder with 13.45% of shares, some of which are pledged, and Xu Zhengjun, the second largest, holds 8.89%, with most of his restricted shares and some unrestricted shares also pledged - The total number of common shareholders at the end of the reporting period was 50,697[13] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | Number of Restricted Shares Held (shares) | Pledge, Mark or Freeze Status (Share Status/Number) | | :--- | :--- | :--- | :--- | :--- | :--- | | Jiangsu Dongrun Jincai Investment Management Co Ltd | Domestic Non-State-Owned Legal Person | 13.45% | 104,781,718 | 0 | Pledged/41,600,000 | | Xu Zhengjun | Domestic Natural Person | 8.89% | 69,274,807 | 60,882,005 | Pledged/32,500,000 | | Oriental Engineering Co Ltd | Overseas Legal Person | 7.67% | 59,776,136 | 0 | None | | Zhu Wenming | Domestic Natural Person | 6.49% | 50,562,282 | 37,921,711 | None | | Zhu Jianli | Domestic Natural Person | 2.75% | 21,439,279 | 0 | None | - Zhu Wenming and Jiangsu Dongrun Jincai Investment Management Co Ltd are parties acting in concert[13] 2. Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company has no preferred shareholders - The company has no preferred shareholders[14] III. Other Important Matters No other significant matters require disclosure in this reporting period - No other important matters need to be disclosed in this reporting period[15] IV. Quarterly Financial Statements The quarterly financial statements provide a detailed overview of the company's assets, liabilities, equity, income, and cash flows for the reporting period 1. Consolidated Balance Sheet As of September 30, 2023, the company's consolidated balance sheet shows a slight decrease in total assets and owners' equity attributable to shareholders compared to the beginning of the year, with a significant reduction in transactional financial assets and notable increases in long-term borrowings and payables Consolidated Balance Sheet | Item | September 30, 2023 (CNY) | January 1, 2023 (CNY) | | :--- | :--- | :--- | | Assets | | | | Cash and Cash Equivalents | 440,670,836.40 | 365,485,344.57 | | Transactional Financial Assets | 48,116,360.34 | 189,258,433.23 | | Prepayments | 49,651,911.03 | 30,517,647.32 | | Other Receivables | 77,979,734.08 | 112,869,055.41 | | Inventories | 428,636,053.22 | 396,631,699.12 | | Development Expenditures | 3,502,384.63 | 2,002,895.06 | | Total Assets | 2,625,876,225.16 | 2,685,321,487.19 | | Liabilities | | | | Short-term Borrowings | 211,347,797.22 | 236,443,751.39 | | Contract Liabilities | 384,079,461.22 | 378,349,328.87 | | Taxes Payable | 11,648,996.19 | 24,434,858.97 | | Long-term Borrowings | 52,400,548.69 | 19,092,810.44 | | Long-term Payables | 6,629,151.17 | 3,268,493.83 | | Total Liabilities | 1,103,551,629.05 | 1,124,397,704.08 | | Owners' Equity | | | | Total Owners' Equity Attributable to Parent Company | 1,322,597,178.94 | 1,369,290,403.98 | | Total Owners' Equity | 1,522,324,596.11 | 1,560,923,783.11 | - Transactional financial assets significantly decreased from 189.26 million CNY at the beginning of the year to 48.12 million CNY, a 74.58% decrease, mainly due to matured wealth management products being converted to bank deposits[9][16] - Long-term borrowings increased from 19.09 million CNY at the beginning of the year to 52.40 million CNY, a 174.45% increase, primarily due to increased borrowings in the heat treatment segment[9][17] 2. Consolidated Income Statement from Year-Beginning to End of Reporting Period As of September 30, 2023, the company's consolidated income statement from year-beginning to end of reporting period shows a slight year-on-year decrease in total operating revenue, but a significant narrowing of net loss through cost control and improved investment income Consolidated Income Statement from Year-Beginning to End of Reporting Period | Item | Amount for Current Period (CNY) | Amount for Prior Period (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 861,566,152.28 | 901,230,964.41 | | Total Operating Costs | 900,869,203.63 | 966,369,883.76 | | Investment Income | 10,521,430.10 | -19,799,608.09 | | Credit Impairment Losses | -7,499,259.98 | -12,247,885.81 | | Operating Profit | -25,660,697.92 | -82,510,292.86 | | Total Profit | -25,970,700.78 | -82,905,512.35 | | Net Profit | -36,082,041.69 | -94,274,600.79 | | Net Profit Attributable to Shareholders of Parent Company | -46,693,225.04 | -100,185,201.07 | | Basic Earnings Per Share | -0.060 | -0.129 | - Year-to-date, the net loss attributable to shareholders of the parent company narrowed from -100.19 million CNY in the prior year to -46.69 million CNY, a year-on-year improvement of 53.39%[4][19] - Investment income shifted from -19.80 million CNY in the prior year to 10.52 million CNY in the current period, primarily due to increased investment income from joint ventures accounted for under the equity method[10][18] 3. Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period As of September 30, 2023, the company's consolidated cash flow statement from year-beginning to end of reporting period shows reduced operating cash outflows, significantly increased investing cash inflows, and decreased financing cash outflows, collectively leading to a positive net increase in cash and cash equivalents Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period | Item | Amount for Current Period (CNY) | Amount for Prior Period (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -24,751,639.83 | -35,858,145.23 | | Net Cash Flow from Investing Activities | 131,807,607.17 | -62,898,509.16 | | Net Cash Flow from Financing Activities | -22,426,749.91 | -90,313,001.40 | | Net Increase in Cash and Cash Equivalents | 85,562,306.77 | -186,373,290.81 | | Cash and Cash Equivalents at End of Period | 415,828,382.99 | 290,254,359.93 | - Net cash flow from operating activities improved by 30.97% year-on-year, primarily due to the company's cost-saving measures reducing operating cash outflows[11][21] - Net cash flow from investing activities significantly shifted from -62.90 million CNY in the prior year to 131.81 million CNY in the current period, mainly due to the recovery of investments and bank wealth management funds[11][21] - Net cash flow from financing activities improved by 75.17% year-on-year, primarily due to a decrease in the company's loan repayments compared to the prior period[11][21] 4. Adjustments to Financial Statement Items at the Beginning of the First Year of Adopting New Accounting Standards from 2023 The company did not make any adjustments to financial statement items at the beginning of the first year of adopting new accounting standards from 2023 - The company did not adjust any financial statement items at the beginning of the first year of adopting new accounting standards from 2023[22] 5. Audit Report This quarterly report is unaudited - The company's third-quarter report is unaudited[22]