环球印务(002799) - 2022 Q3 - 季度财报

Key Financial Data Core Financial Indicators In Q3 2022, operating revenue grew by 55.78%, but net profit declined, with year-to-date net profit down 18.27% despite a 4.06% revenue increase, indicating profitability challenges Key Financial Data for Q3 2022 and Year-to-Date | Indicator | Current Period (Q3 2022) (CNY) | YoY Change (Current Period) | YTD (Q3 2022) (CNY) | YoY Change (YTD) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 1,063,676,865.47 | 55.78% | 2,401,523,534.17 | 4.06% | | Net Profit Attributable to Shareholders | 22,782,631.86 | -3.99% | 82,996,425.93 | -18.27% | | Net Cash Flow from Operating Activities | - | - | 54,425,322.06 | 17.95% | | Basic Earnings Per Share | 0.09 CNY/share | -18.18% | 0.33 CNY/share | -17.50% | | Total Assets (Period-End) | 1,830,833,597.44 | 11.80% (vs. Prior Year-End) | 1,830,833,597.44 | 11.80% (vs. Prior Year-End) | | Shareholders' Equity Attributable to Parent (Period-End) | 841,393,967.60 | 10.94% (vs. Prior Year-End) | 841,393,967.60 | 10.94% (vs. Prior Year-End) | Non-Recurring Gains and Losses Year-to-date, non-recurring gains and losses totaled 8.42 million CNY, primarily from 12.10 million CNY in government subsidies and tax incentives, effectively supplementing current profit Non-Recurring Gains and Losses Items for YTD 2022 | Item | Amount (CNY) | Description | | :--- | :--- | :--- | | Government subsidies included in current profit/loss | 12,098,258.94 | Receipt of government subsidies and tax incentives | | Non-current asset disposal gains/losses | -7,258.83 | Loss from disposal of fixed assets | | Total | 8,419,934.40 | -- | Shareholder Information Shareholding Structure As of the reporting period end, the company had 16,350 common shareholders, with the top two holding 46.25% and 16.15% respectively, indicating a relatively concentrated equity structure - As of the reporting period end, the company's total number of common shareholders was 16,350[9] Top Two Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares | | :--- | :--- | :--- | :--- | | Shaanxi Pharmaceutical Holdings Group Co., Ltd. | State-owned Legal Person | 46.25% | 116,550,000.00 | | Hong Kong Yuanshi International Co., Ltd. | Overseas Legal Person | 16.15% | 40,704,440.00 | - Some of the top ten shareholders have related party relationships: Shanghai Jiangnan Architectural Planning Consulting Co., Ltd. is a wholly-owned subsidiary of Shanghai Jiangnan Architectural Design Institute (Group) Co., Ltd., and Jin Jun is a director of the latter[10] Other Significant Matters Progress on Major Projects The "Global Printing Expansion and Green Packaging Smart Manufacturing Industrial Park Project" is progressing, with an engineering general contract signed, aiming to expand pharmaceutical packaging capacity and establish an R&D center - The company's "Green Packaging Smart Manufacturing Industrial Park Project" in Xixian New Area Airport New City is proceeding normally, encompassing primary and secondary pharmaceutical packaging production centers and a technology R&D center[10] - During the reporting period, the company's wholly-owned subsidiary Lingfeng Global signed a "Construction Project General Contract" with China Construction Fourth Engineering Division Corp., Ltd., moving the project into a substantive construction phase[10] Refinancing Plan The non-public issuance of A-shares, approved by the CSRC, plans to issue up to 68,040,000 shares to no more than 35 specific investors, and is currently being advanced for opportunistic issuance - The company's application for non-public issuance of A-shares was approved by the China Securities Regulatory Commission (CSRC) on March 2, 2022 (CSRC Permit [2022] No. 397)[11] - The company plans to issue no more than 68,040,000 shares and is currently proceeding with the issuance, which will be executed opportunistically within the validity period[11] Major Shareholder Reduction Plan Major shareholder Hong Kong Yuanshi International Co., Ltd. plans to reduce its stake by up to 6% of total share capital within six months, potentially impacting share price - Shareholder Hong Kong Yuanshi International Co., Ltd. plans to reduce its holdings by no more than 15,120,000 company shares, representing 6% of the company's total share capital[14] Quarterly Financial Statements Consolidated Balance Sheet Analysis As of Sep 30, 2022, total assets were 1.83 billion CNY, up 11.80% from year-start, with liabilities at 894.92 million CNY; significant increases in prepayments, short-term borrowings, and contract liabilities reflect business expansion and increased advance receipts Balance Sheet Key Item Changes (Sep 30, 2022 vs Jan 1, 2022) | Item | Period-End Balance (CNY) | Year-Start Balance (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,830,833,597.44 | 1,637,617,535.07 | +11.80% | | Prepayments | 436,814,008.85 | 154,366,910.40 | +182.98% | | Total Liabilities | 894,921,659.65 | 793,088,893.48 | +12.84% | | Short-term Borrowings | 339,833,395.93 | 232,118,875.75 | +46.40% | | Contract Liabilities | 114,208,148.15 | 10,957,078.63 | +942.31% | | Total Equity Attributable to Parent Company Owners | 841,393,967.60 | 758,397,541.67 | +10.94% | Consolidated Income Statement Analysis In Q1-Q3 2022, operating revenue reached 2.40 billion CNY, up 4.06%, but higher cost growth and a sharp decline in investment income led to a 23.09% drop in operating profit and an 18.27% decline in net profit, indicating profitability pressure Income Statement Key Item Changes (Q1-Q3 2022 vs Q1-Q3 2021) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 2,401,523,534.17 | 2,307,918,790.20 | +4.06% | | Operating Cost | 2,171,219,418.50 | 2,061,101,044.24 | +5.34% | | Investment Income | 2,581,851.90 | 13,990,821.86 | -81.55% | | Operating Profit | 104,724,011.82 | 136,155,442.35 | -23.09% | | Net Profit Attributable to Parent Company Shareholders | 82,996,425.93 | 101,549,331.34 | -18.27% | Consolidated Cash Flow Statement Analysis In Q1-Q3 2022, net cash flow from operating activities was 54.43 million CNY, up 17.95%, while investment and financing activities resulted in net outflows, leading to a decrease in cash and cash equivalents Cash Flow Statement Key Items (Q1-Q3 2022) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 54,425,322.06 | 46,144,103.80 | | Net Cash Flow from Investing Activities | -50,296,585.80 | -97,479,777.32 | | Net Cash Flow from Financing Activities | -53,296,378.38 | 16,322,547.83 | | Net Increase in Cash and Cash Equivalents | -49,167,642.12 | -35,013,125.69 |