中大力德(002896) - 2022 Q3 - 季度财报

Report Overview Report Statement and Disclaimer The report affirms the truthfulness, accuracy, and completeness of disclosed information and financial data, declared by key personnel, and is unaudited - The company's board of directors, board of supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions[2][3] - The company's responsible person, chief accountant, and head of accounting department declare and guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] - This third-quarter report is unaudited[4][26] Key Financial Data Key Accounting Data and Financial Indicators The company's Q3 2022 and year-to-date financial performance saw declines in revenue, net profit, and cash flow, while owners' equity significantly increased Key Financial Indicators for Q3 2022 and Year-to-Date | Indicator | Current Period (CNY) | YoY Change | Year-to-Date (CNY) | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 215,497,640.01 | -13.66% | 669,039,371.06 | -9.84% | | Net Profit Attributable to Shareholders of Listed Company | 11,510,039.19 | -55.26% | 42,611,885.99 | -38.33% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) | 7,874,920.62 | -66.59% | 31,469,005.53 | -50.90% | | Net Cash Flow from Operating Activities | — | — | 34,267,054.10 | -48.67% | | Basic Earnings Per Share (CNY/share) | 0.08 | -57.89% | 0.31 | -39.22% | | Diluted Earnings Per Share (CNY/share) | 0.08 | -57.89% | 0.31 | -39.22% | | Weighted Average Return on Net Assets | 1.35% | -2.24% | 5.24% | -4.50% | | Indicator | As of Current Period End (CNY) | As of Prior Year End (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,430,035,532.34 | 1,480,287,998.61 | -3.39% | | Owners' Equity Attributable to Shareholders of Listed Company | 1,026,114,989.53 | 763,668,128.20 | 34.37% | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled CNY 3.64 million for the quarter and CNY 11.14 million year-to-date, mainly from government subsidies and entrusted investment income Non-recurring Gains and Losses Items for Q3 2022 and Year-to-Date | Item | Amount for Current Period (CNY) | Amount Year-to-Date (CNY) | | :--- | :--- | :--- | | Government Subsidies Included in Current Profit and Loss | 2,964,715.79 | 13,845,196.12 | | Gains/Losses from Entrusted Investment or Asset Management | 1,570,819.33 | 1,570,819.33 | | Gains/Losses from Disposal of Non-current Assets | | -861,171.90 | | Income Tax Impact | -787,283.46 | -2,965,458.76 | | Total | 3,635,118.57 | 11,142,880.46 | Changes and Reasons for Key Accounting Data and Financial Indicators Key financial data changes are attributed to increased investment and financing activities, convertible bond conversion, government subsidies, and shifts in sales and borrowing cash flows - Cash and cash equivalents decreased by 72.26%, primarily due to increased expenditures in investment and financing activities during the period[10] - Financial assets held for trading significantly increased, mainly due to the purchase of bank structured deposits during the period[10] - Accounts receivable increased by 65.58%, primarily because customer payments had not yet reached the settlement period[10] - Construction in progress increased by 1447.99%, mainly due to an increase in equipment awaiting installation during the period[10] - Intangible assets increased by 141.66%, primarily due to a subsidiary's acquisition of land use rights during the period[10] - Bonds payable decreased by 100%, primarily due to the redemption of convertible bonds leading to a reduction in notes payable during the period[10] - Share capital increased by 45.36%, and capital reserves increased by 75.27%, mainly due to the premium generated from the conversion of convertible bonds into share capital during the period[10] - Financial expenses increased by 89.77%, primarily due to the accrual of interest on convertible bonds during the period[12] - Other income increased by 76.39%, primarily due to an increase in government subsidies related to daily operations during the period[12] - Investment income increased by 487.11%, primarily due to increased investment income from bank structured deposits purchased during the period[12] - Income tax expense decreased by 85.68%, primarily due to a reduction in taxable income during the period[12] - Net cash flow from operating activities decreased by 48.67%, primarily due to a reduction in cash received from sales of goods during the period[14] - Net cash outflow from investing activities increased by 56.1%, primarily due to increased cash payments for investments during the period[14] - Net cash outflow from financing activities significantly increased, primarily due to a decrease in cash received from borrowings during the period[14] Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Holdings The company had 34,175 common shareholders at period-end, with the top two, Ningbo Zhongdali and Zhongda (Hong Kong) Investment, holding 24.85% and 21.85% respectively, both having pledged shares - The total number of common shareholders at the end of the reporting period was 34,175[14] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | Pledge, Mark or Freeze Status | | :--- | :--- | :--- | :--- | :--- | | Ningbo Zhongdali Investment Co., Ltd. | Domestic Non-state Legal Person | 24.85% | 37,568,700 | Pledged 30,237,963 | | Zhongda (Hong Kong) Investment Co., Ltd. | Overseas Legal Person | 21.85% | 33,032,100 | Pledged 12,350,000 | | Zhang Jian | Domestic Natural Person | 1.60% | 2,419,077 | None | | Cixi Deli Investment Management Partnership (Limited Partnership) | Domestic Non-state Legal Person | 1.52% | 2,292,751 | None | | Cixi Dezheng Investment Management Partnership (Limited Partnership) | Domestic Non-state Legal Person | 1.00% | 1,511,859 | None | | JPMORGAN CHASE BANK,NATIONAL ASSOCIATION | Overseas Legal Person | 0.84% | 1,271,869 | None | | UBS AG | Overseas Legal Person | 0.47% | 712,759 | None | | Chen Bin | Domestic Natural Person | 0.35% | 522,257 | None | | Huatai Securities Co., Ltd. | State-owned Legal Person | 0.34% | 518,680 | None | | Zheng Hongli | Domestic Natural Person | 0.33% | 502,549 | None | - Ningbo Zhongdali Investment Co., Ltd., Zhongda (Hong Kong) Investment Co., Ltd., Cixi Deli Investment Management Partnership (Limited Partnership), and Cixi Dezheng Investment Management Partnership (Limited Partnership) are enterprises controlled or held by the actual controllers Cen Guojian and Zhou Guoying[15] Other Significant Matters Redemption and Delisting of Convertible Bonds The company completed the early redemption and delisting of "Zhongda Convertible Bonds" on September 13, 2022, with 15,971,050 shares converted during the period - The "Zhongda Convertible Bonds" completed early redemption and were delisted from the Shenzhen Stock Exchange on September 13, 2022[16] - Between May 5, 2022, and September 1, 2022, a total of 15,971,050 shares of "Zhongda Convertible Bonds" were converted[16] Board of Directors and Board of Supervisors Re-election On August 4, 2022, the company completed the re-election of its board of directors and board of supervisors, appointing new leadership and senior management roles - On August 4, 2022, the company held a general meeting of shareholders, approving the election of non-independent directors, independent directors, and non-employee representative supervisors for the third board of directors[17] - On the same day, the company held meetings of the third board of directors and board of supervisors, electing a new chairman, members of various special committees, general manager, deputy general managers, board secretary, CFO, head of internal audit, securities affairs representative, and chairman of the board of supervisors, completing the re-election of the board of directors and board of supervisors[17][18] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2022, total assets slightly decreased, while owners' equity attributable to the parent company significantly increased due to convertible bond conversion, and total liabilities decreased Consolidated Balance Sheet Key Items (September 30, 2022 vs January 1, 2022) | Item | September 30, 2022 (CNY) | January 1, 2022 (CNY) | Change | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 84,050,769.83 | 302,966,548.46 | -218,915,778.63 | | Financial Assets Held for Trading | 100,000,000.00 | 0.00 | +100,000,000.00 | | Accounts Receivable | 155,167,345.97 | 93,710,340.89 | +61,457,005.08 | | Construction in Progress | 30,282,261.12 | 1,956,228.93 | +28,326,032.19 | | Intangible Assets | 87,608,465.25 | 36,253,099.90 | +51,355,365.35 | | Bonds Payable | 0.00 | 244,689,440.17 | -244,689,440.17 | | Share Capital | 151,171,285.00 | 104,000,000.00 | +47,171,285.00 | | Capital Reserves | 524,421,793.03 | 299,209,417.13 | +225,212,375.90 | | Total Owners' Equity Attributable to Parent Company | 1,026,114,989.53 | 763,668,128.20 | +262,446,861.33 | | Total Assets | 1,430,035,532.34 | 1,480,287,998.61 | -50,252,466.27 | | Total Liabilities | 403,805,996.84 | 716,490,722.17 | -312,684,725.33 | Consolidated Income Statement Year-to-date total operating revenue decreased by 9.84%, and net profit attributable to parent company shareholders fell by 38.33%, despite significant growth in financial expenses, other income, and investment income Consolidated Income Statement Key Items (Jan-Sep 2022 vs Prior Year Period) | Item | Jan-Sep 2022 (CNY) | Prior Year Period (CNY) | Change Amount (CNY) | Change | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 669,039,371.06 | 742,097,817.65 | -73,058,446.59 | -9.84% | | Total Operating Costs | 629,070,001.09 | 659,728,087.32 | -30,658,086.23 | -4.65% | | Financial Expenses | 10,313,544.26 | 5,434,893.08 | +4,878,651.18 | +89.77% | | Other Income | 13,937,689.30 | 7,901,839.75 | +6,035,849.55 | +76.39% | | Investment Income | 1,080,167.54 | 183,980.12 | +896,187.42 | +487.11% | | Operating Profit | 44,223,845.26 | 77,170,501.03 | -32,946,655.77 | -42.69% | | Total Profit | 43,684,847.75 | 76,772,275.66 | -33,087,427.91 | -43.10% | | Income Tax Expense | 1,087,564.03 | 7,596,617.58 | -6,509,053.55 | -85.68% | | Net Profit | 42,597,283.72 | 69,175,658.08 | -26,578,374.36 | -38.42% | | Net Profit Attributable to Parent Company Shareholders | 42,611,885.99 | 69,096,602.75 | -26,484,716.76 | -38.33% | | Basic Earnings Per Share | 0.31 | 0.51 | -0.20 | -39.22% | Consolidated Cash Flow Statement Year-to-date net cash flow from operating activities decreased by 48.67%, while net cash outflows from investing and financing activities significantly increased Consolidated Cash Flow Statement Key Items (Jan-Sep 2022 vs Prior Year Period) | Item | Jan-Sep 2022 (CNY) | Prior Year Period (CNY) | Change Amount (CNY) | Change | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 34,267,054.10 | 66,755,581.63 | -32,488,527.53 | -48.67% | | Net Cash Flow from Investing Activities | -197,381,530.08 | -126,449,239.26 | -70,932,290.82 | Net outflow increased 56.1% | | Net Cash Flow from Financing Activities | -55,418,392.41 | 2,574,476.32 | -57,992,868.73 | Net outflow significantly increased | | Net Increase in Cash and Cash Equivalents | -218,915,778.63 | -56,886,426.82 | -162,029,351.81 | Net outflow increased | Audit Report The company's 2022 third-quarter report is unaudited - The company's third-quarter report is unaudited[26]