仙坛股份(002746) - 2020 Q3 - 季度财报

Significant Disclosures The board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report Significant Disclosures The board, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions[4] - The company's principal officer, head of accounting, and head of accounting department all declare the truthfulness, accuracy, and completeness of the financial statements in the quarterly report[5] Basic Company Information This section provides an overview of the company's key financial performance and shareholder structure Key Accounting Data and Financial Indicators The company's Q1-Q3 2020 performance significantly declined, with revenue down 4.44% and net profit down 49.26% Key Financial Indicators for the First Three Quarters of 2020 | Indicator | Year-to-Date | Year-over-Year Change | | :--- | :--- | :--- | | Operating Revenue (RMB) | 2,376,825,405.98 | -4.44% | | Net Profit Attributable to Shareholders (RMB) | 328,087,998.31 | -49.26% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (RMB) | 275,288,357.74 | -54.87% | | Net Cash Flow from Operating Activities (RMB) | 489,582,886.00 | -40.56% | | Basic Earnings Per Share (RMB/share) | 0.71 | -48.92% | | Weighted Average ROE | 9.77% | -14.15% | Key Financial Indicators for Q3 2020 | Indicator | Current Period | Year-over-Year Change | | :--- | :--- | :--- | | Operating Revenue (RMB) | 843,669,649.77 | -9.77% | | Net Profit Attributable to Shareholders (RMB) | 49,515,747.59 | -79.70% | | Net Profit Attributable to Shareholders (Excl. Non-recurring Items) (RMB) | 36,230,740.07 | -84.06% | | Net Cash Flow from Operating Activities (RMB) | 150,562,581.73 | -66.75% | - From the beginning of the year to the end of the reporting period, the company's total non-recurring gains and losses amounted to RMB 52,799,640.57, primarily from fair value changes and investment income of financial assets held for trading and derivative financial assets, totaling RMB 49,097,783.33[9] Shareholder Information The company had 41,324 common shareholders, with controlling shareholders holding over 55%, indicating concentrated equity - At the end of the reporting period, the company had 41,324 common shareholders[14] Top Ten Shareholders' Holdings | Shareholder Name | Holding Percentage | Number of Shares | Share Status | | :--- | :--- | :--- | :--- | | Wang Shouchun | 28.92% | 134,100,000 | Pledged | | Qu Lirong | 26.40% | 122,400,000 | Pledged | | National Social Security Fund 413 Portfolio | 1.19% | 5,520,000 | - | | Central Huijin Asset Management Co., Ltd. | 0.34% | 1,591,710 | - | - The company's controlling shareholders and actual controllers, Wang Shouchun and Qu Lirong, are a married couple and constitute persons acting in concert[17] Significant Events This section details significant changes in financial data, progress of key corporate events, and other material disclosures Changes and Reasons for Key Financial Data Key financial changes include increased prepaid accounts, construction in progress, decreased financial expenses, and reduced cash flows - Period-end balance of prepaid accounts increased by 1,951.08% compared to the beginning of the year, primarily due to increased prepayments for engineering projects[21] - Period-end balance of construction in progress increased by 316.32% compared to the beginning of the year, primarily due to increased investment in construction projects[23] - Financial expenses decreased by 71.03% year-over-year, primarily due to a comparative increase in interest income from deposits[29] - Net cash flow from operating activities decreased by 40.56% year-over-year, primarily due to reduced sales collections resulting from lower revenue[37] - Net cash flow from financing activities decreased by 803.74% year-over-year, primarily due to increased expenditures for repayment of bank loans[39] Progress of Significant Events The company successfully advanced and completed its non-public issuance of shares, receiving CSRC approval in September 2020 - On June 30, 2020, the company received the acceptance letter from the China Securities Regulatory Commission (CSRC) for its non-public issuance of new shares application[42] - On August 24, 2020, the company's application for non-public issuance of shares was approved by the CSRC's Issuance Examination Committee[42] - On September 10, 2020, the company received the "Approval for Non-public Issuance of Shares of Shandong Xiantan Co., Ltd." from the CSRC[42] Other Significant Matters No unfulfilled commitments, irregular guarantees, or controlling shareholder fund occupation were reported; wealth management and investor relations were detailed - As of September 30, 2020, RMB 291 million of the 2016 raised funds remained unused, comprising RMB 229 million in principal and RMB 62 million in interest income[51] Wealth Management Overview (Unit: RMB 10,000) | Type | Source of Funds | Amount Incurred | Unmatured Balance | | :--- | :--- | :--- | :--- | | Brokerage Wealth Management Products | Self-owned Funds | 52,000 | 81,000 | | Bank Wealth Management Products | Self-owned Funds | 0 | 20,909.39 | | Bank Wealth Management Products | Raised Funds | 4,250 | 0 | | Total | | 56,250 | 101,909.39 | - On September 11, 2020, the company hosted on-site research from institutions including CICC and Dajia Asset, discussing its operations and development strategy[57] - During the reporting period, the company had no securities investments, derivative investments, irregular external guarantees, or non-operating occupation of funds by controlling shareholders[46][47][53][56] Financial Statements This section presents the company's financial statements, including key figures, adjustments, and audit status Financial Statement Summary As of September 30, 2020, total assets were RMB 4.388 billion, liabilities RMB 801 million, with revenue down 4.44% and net profit down 49.26% Key Items from Consolidated Balance Sheet (September 30, 2020) | Item | Amount (RMB) | | :--- | :--- | | Total Assets | 4,387,907,108.32 | | Total Liabilities | 801,324,866.04 | | Total Equity Attributable to Parent Company Owners | 3,438,445,467.36 | Key Items from Consolidated Income Statement (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 2,376,825,405.98 | 2,487,257,400.19 | | Operating Profit | 329,031,804.82 | 685,208,570.35 | | Net Profit Attributable to Parent Company Owners | 328,087,998.31 | 646,603,839.82 | Key Items from Consolidated Cash Flow Statement (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 489,582,886.00 | 823,701,792.18 | | Net Cash Flow from Investing Activities | -364,794,329.45 | -763,130,442.01 | | Net Cash Flow from Financing Activities | -319,293,604.40 | 45,370,822.22 | Explanation of Financial Statement Adjustments New revenue standards adopted January 1, 2020, reclassified "Advances from Customers" to "Contract Liabilities" without impacting total assets or liabilities - The company first adopted the new revenue recognition standards on January 1, 2020, and adjusted relevant items in the opening financial statements[124] - In the consolidated balance sheet, the original RMB 6,907,426.29 in "Advances from Customers" at year-end 2019 was reclassified to "Contract Liabilities" at the beginning of 2020[130][134] - In the parent company's balance sheet, the original RMB 145,616,078.17 in "Advances from Customers" at year-end 2019 was reclassified to "Contract Liabilities" at the beginning of 2020[140][144] Audit Report This company's third-quarter report for 2020 is unaudited - The company's third-quarter report for 2020 is unaudited[145]