闽发铝业(002578) - 2021 Q3 - 季度财报

Major Financial Data This section provides an overview of the company's financial performance and position, highlighting key accounting data, non-recurring items, and significant changes in financial indicators Key Accounting Data and Financial Indicators In Q1-Q3 2021, the company achieved robust revenue growth of 26.14%, yet net profit attributable to shareholders declined by 14.93% due to rising costs, with operating cash flow significantly deteriorating by 303.17%, indicating substantial working capital pressure Key Financial Indicators for Q1-Q3 2021 | Indicator | Year-to-Date End of Reporting Period | YoY Change from Prior Period | | :--- | :--- | :--- | | Operating Revenue (CNY) | 1,380,438,231.61 | 26.14% | | Net Profit Attributable to Shareholders of Listed Company (CNY) | 48,912,467.81 | -14.93% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) (CNY) | 40,645,889.10 | -9.51% | | Net Cash Flow from Operating Activities (CNY) | -199,906,029.25 | -303.17% | | Basic Earnings Per Share (CNY/share) | 0.0521 | -10.79% | | Weighted Average Return on Net Assets | 3.35% | -0.73% | Key Balance Sheet Indicators as of September 30, 2021 | Indicator | End of Current Reporting Period | Change from End of Prior Year | | :--- | :--- | :--- | | Total Assets (CNY) | 1,767,132,153.70 | -2.61% | | Owner's Equity Attributable to Shareholders of Listed Company (CNY) | 1,458,297,953.92 | 1.51% | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled 8.27 million CNY in Q1-Q3 2021, primarily from government subsidies (4.68 million CNY) and investment income from wealth management products (3.94 million CNY), contributing positively to net profit Non-recurring Gains and Losses Items for Q1-Q3 2021 | Item | Amount from Year-Start to End of Reporting Period (CNY) | Description | | :--- | :--- | :--- | | Government subsidies included in current profit and loss | 4,683,233.47 | Government subsidies | | Gains and losses from entrusted investments or asset management | 3,944,483.37 | Bank wealth management product income | | Other items total | -361,276.13 | - | | Total | 8,266,578.71 | -- | Analysis of Changes and Reasons for Key Financial Indicators Significant changes in financial indicators during the reporting period are primarily linked to rising raw material prices and adjusted procurement strategies, impacting cash, prepayments, inventory, and leading to increased financial expenses and improved investment income - Balance sheet items significantly changed due to raw material procurement strategy: * Prepayments: Increased by 295.59% year-on-year, mainly due to increased prepayments for aluminum alloy rod purchases[9] * Monetary Funds: Decreased by 46.53% year-on-year, primarily due to increased prepayments for raw materials[10] * Inventories: Increased by 47.35% year-on-year, mainly due to rising prices of aluminum alloy rods and an increase in goods dispatched[10] * Short-term Borrowings and Notes Payable decreased by 57.27% and 79.44% respectively, reflecting changes in financing structure and payment methods[10] - Income statement item changes are due to various reasons: * Financial Expenses: Soared by 3107.32%, mainly due to decreased interest income and increased exchange losses in the current period[10] * Investment Income: Increased by 146.37%, primarily due to increased investment income from bank wealth management products and gains/losses from forward foreign exchange settlements[10] * Credit Impairment Losses: Significantly reversed to a positive growth of 590.57%, mainly due to the recovery of previously provisioned bad debts for accounts receivable and notes receivable[10] - Net cash flow from operating activities was -199.91 million CNY, a significant year-on-year decrease of 303.17%, primarily because of increased payments for aluminum alloy rod raw materials in the current period, and the use of domestic letters of credit for some payments in the prior year, leading to greater cash outflow pressure this period[10] Shareholder Information This section details the company's shareholder structure, including the total number of common shareholders and the holdings of the top shareholders, highlighting significant ownership and related party relationships Shareholding Status of Shareholders As of September 30, 2021, the company had 55,901 common shareholders, with the largest shareholder, Shangrao Urban Construction Investment and Development Group Co., Ltd., holding 29.99% of shares, half of which are pledged, and key family members of the founder holding significant stakes - As of the end of the reporting period, the total number of common shareholders was 55,901[13] Top Five Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | Number of Pledged Shares | | :--- | :--- | :--- | :--- | :--- | | Shangrao Urban Construction Investment and Development Group Co., Ltd. | State-owned Legal Person | 29.99% | 296,329,179 | 148,164,589 | | Huang Tianhuo | Domestic Natural Person | 8.07% | 79,707,704 | 0 | | Huang Wenle | Domestic Natural Person | 4.39% | 43,391,163 | 0 | | Huang Yindian | Domestic Natural Person | 3.21% | 31,720,500 | 0 | | Huang Changyuan | Domestic Natural Person | 3.20% | 31,662,500 | 0 | - Company shareholders Huang Wenle (son of Huang Tianhuo), Huang Changyuan (brother-in-law of Huang Tianhuo), and Huang Yindian (brother of Huang Tianhuo) constitute a related party relationship[14] Other Significant Matters This section confirms that there are no other material events requiring disclosure during the reporting period Other Significant Matters The company has no other significant matters to disclose in this reporting period - The company has no other significant matters to explain in this reporting period[15] Quarterly Financial Statements This section presents the company's consolidated financial statements for the quarter, including the balance sheet, income statement, and cash flow statement, along with a note on the audit status Consolidated Balance Sheet As of September 30, 2021, total assets were 1.77 billion CNY, a slight decrease of 2.61% from year-end, while total liabilities decreased by 18.26% to 307.96 million CNY, and owner's equity attributable to the parent company grew by 1.51% to 1.46 billion CNY, maintaining a stable asset-liability structure Consolidated Balance Sheet Key Data | Item | September 30, 2021 (CNY) | December 31, 2020 (CNY) | | :--- | :--- | :--- | | Total Assets | 1,767,132,153.70 | 1,814,493,992.99 | | Total Liabilities | 307,957,318.93 | 376,744,741.69 | | Total Owner's Equity Attributable to Parent Company | 1,458,297,953.92 | 1,436,608,871.96 | | Total Owner's Equity | 1,459,174,834.77 | 1,437,749,251.30 | Consolidated Income Statement (Year-to-Date) For Q1-Q3 2021, total operating revenue increased by 26.14% to 1.38 billion CNY, demonstrating market expansion, but total operating costs grew faster at 28.03%, leading to a 14.93% decline in net profit attributable to the parent company, reaching 48.91 million CNY Consolidated Income Statement Key Data (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | I. Total Operating Revenue | 1,380,438,231.61 | 1,094,387,851.24 | | II. Total Operating Costs | 1,335,286,338.54 | 1,042,901,140.15 | | III. Operating Profit | 57,418,480.62 | 67,234,279.75 | | IV. Total Profit | 58,098,104.08 | 67,013,184.79 | | Net Profit Attributable to Parent Company Owners | 48,912,467.81 | 57,499,749.26 | Consolidated Cash Flow Statement (Year-to-Date) In Q1-Q3 2021, operating cash flow was a significant outflow of -199.91 million CNY, primarily due to increased payments for goods, while investment activities generated a net inflow of 133.46 million CNY, and financing activities resulted in a net outflow of 29.31 million CNY, leading to a net decrease of 97.11 million CNY in cash and cash equivalents Consolidated Cash Flow Statement Key Data (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -199,906,029.25 | 98,395,629.26 | | Net Cash Flow from Investment Activities | 133,461,629.02 | -43,249,857.12 | | Net Cash Flow from Financing Activities | -29,308,217.51 | -5,198,618.30 | | Net Increase in Cash and Cash Equivalents | -97,108,370.51 | 48,203,594.51 | | Cash and Cash Equivalents at End of Period | 42,773,469.49 | 119,582,134.54 | Audit Report This quarterly financial report has not been audited - The company's 2021 third-quarter report is unaudited[26]