宇环数控(002903) - 2021 Q3 - 季度财报

Major Financial Data This section provides an overview of the company's key financial performance and position, including major accounting data, financial indicators, and analysis of significant changes Major Accounting Data and Financial Indicators The company achieved significant performance growth in the first three quarters of 2021 (year-to-date), with operating revenue increasing by 83.85% year-on-year and net profit attributable to parent company shareholders increasing by 69.55%. However, the third quarter alone saw a decline in performance, with operating revenue decreasing by 25.96% year-on-year and net profit attributable to parent company shareholders sharply decreasing by 62.13% Major Financial Indicators for Q3 2021 and Year-to-Date | Indicator | Current Period (Q3) | YoY Change (Current Period) | Year-to-Date (YTD) | YoY Change (YTD) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 72,290,195.11 | -25.96% | 310,974,882.50 | 83.85% | | Net Profit Attributable to Shareholders (Yuan) | 9,053,392.94 | -62.13% | 51,020,921.12 | 69.55% | | Net Profit Attributable to Shareholders (Excl. Non-recurring) (Yuan) | 7,492,493.43 | -56.65% | 40,478,042.41 | 151.51% | | Net Cash Flow from Operating Activities (Yuan) | — | — | -26,197,212.31 | -122.26% | | Basic EPS (Yuan/share) | 0.06 | -62.17% | 0.34 | 70.00% | | Total Assets (Yuan) | 977,714,205.90 | 2.45% (vs. end of prior year) | 977,714,205.90 | 2.45% (vs. end of prior year) | | Total Equity Attributable to Shareholders (Yuan) | 698,492,470.24 | 6.74% (vs. end of prior year) | 698,492,470.24 | 6.74% (vs. end of prior year) | Non-recurring Gains and Losses Items and Amounts Year-to-date, the company's total non-recurring gains and losses amounted to 10.54 million Yuan, primarily from government grants (9.26 million Yuan) and entrusted investment income (2.69 million Yuan), significantly contributing to current net profit Non-recurring Gains and Losses Items (Year-to-Date) | Item | Amount Year-to-Date (Yuan) | Description | | :--- | :--- | :--- | | Government grants recognized in current profit or loss | 9,256,120.34 | Mainly R&D grants from government | | Gains/losses from entrusted investments or asset management | 2,690,918.25 | - | | Other non-operating income and expenses | 519,326.41 | - | | Total | 10,542,878.71 | -- | Analysis of Changes and Reasons for Major Financial Data During the reporting period, several of the company's financial indicators changed significantly. On the asset side, cash and cash equivalents decreased sharply by 47.89% due to the purchase of wealth management products, while other current assets surged by 2565.12%. On the income statement, operating revenue increased by 83.85% year-on-year for the year-to-date period, driven by increased order delivery, but selling expenses also grew substantially by 95.18% due to business expansion. Financial expenses significantly decreased due to increased interest income from large deposits Changes and Reasons for Major Balance Sheet Items | Item | Period-end Balance (Yuan) | Change | Reason for Change | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | 231,646,799.41 | -47.89% | Mainly due to wealth management products not yet matured in this period | | Other current assets | 194,230,620.91 | 2565.12% | Mainly due to new purchases of wealth management products in this period | | Salaries and wages payable | 1,736,910.71 | -81.74% | Mainly due to bonuses accrued at the end of last year being paid in this period | Changes and Reasons for Major Income Statement Items (Year-to-Date) | Item | Current Period Amount (Yuan) | Change | Reason for Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 310,974,882.50 | 83.85% | Mainly due to increased order delivery and acceptance year-on-year in this period | | Selling Expenses | 35,836,345.13 | 95.18% | Mainly due to increased staff salaries and after-sales expenses resulting from increased operating revenue in this period | | Financial Expenses | -5,575,961.65 | 1864.66% | Mainly due to increased interest income from large deposits this year | | Investment Income | 2,690,918.25 | -48.69% | Mainly due to decreased wealth management income year-on-year in this period | | Asset Impairment Losses | -14,373,116.20 | -100.00% | Mainly due to inventory impairment provisions made in this period | Shareholder Information This section details the company's shareholder structure, including the total number of shareholders and the holdings of the top ten shareholders Shareholder Holdings As of the end of the reporting period, the company had a total of 28,503 common shareholders. The equity structure is highly concentrated, with controlling shareholder Xu Shixiong and his persons acting in concert (Xu Yanming, Xu Liang) and relatives (Xu Menglin) holding a significant combined stake, exerting substantial influence over the company - As of the end of the reporting period, the company had a total of 28,503 common shareholders[11] Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Xu Shixiong | Domestic Natural Person | 37.66% | 57,375,000 | | Xu Yanming | Domestic Natural Person | 6.32% | 9,632,835 | | Xu Liang | Domestic Natural Person | 4.80% | 7,312,500 | | Xu Menglin | Domestic Natural Person | 1.14% | 1,736,100 | - Explanation of related party relationships among shareholders: Xu Yanming is Xu Shixiong's sister, Xu Liang is Xu Shixiong's son, and the three are persons acting in concert; Xu Menglin is Xu Shixiong's brother[12] Other Significant Matters This section addresses any other significant matters requiring disclosure during the reporting period Other Significant Matters During the reporting period, the company had no other significant matters requiring disclosure - The company had no other significant matters in the current reporting period[13] Quarterly Financial Statements This section presents the company's consolidated financial statements for the reporting period Financial Statements This section presents the company's consolidated financial statements for the reporting period Consolidated Balance Sheet As of September 30, 2021, the company's total assets were 977.71 million Yuan, a 2.45% increase from the beginning of the year. Total liabilities were 266.67 million Yuan, a 7.73% decrease from the beginning of the year, indicating an optimized asset-liability structure. Total equity attributable to parent company shareholders was 698.49 million Yuan, a 6.74% increase from the beginning of the year, primarily due to accumulated profits Key Balance Sheet Data | Item | September 30, 2021 (Yuan) | December 31, 2020 (Yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 977,714,205.90 | 954,379,446.82 | 2.45% | | Total Liabilities | 266,669,840.86 | 288,997,387.08 | -7.73% | | Total Equity Attributable to Parent Company Shareholders | 698,492,470.24 | 654,395,730.04 | 6.74% | Consolidated Income Statement (Year-to-Date) In the first three quarters of 2021, the company achieved total operating revenue of 310.97 million Yuan, an 83.85% year-on-year increase. Operating profit was 61.48 million Yuan, up 74.39% year-on-year. Net profit attributable to parent company shareholders was 51.02 million Yuan, a 69.55% year-on-year increase, indicating sustained strengthening of profitability. Basic earnings per share were 0.34 Yuan Key Income Statement Data (Year-to-Date) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change Rate | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 310,974,882.50 | 169,142,917.77 | 83.85% | | Operating Profit | 61,481,986.17 | 35,255,135.15 | 74.39% | | Net Profit Attributable to Parent Company Shareholders | 51,020,921.12 | 30,091,929.72 | 69.55% | | Basic EPS | 0.34 | 0.20 | 70.00% | Consolidated Cash Flow Statement (Year-to-Date) In the first three quarters of 2021, net cash flow from operating activities was -26.20 million Yuan, turning negative year-on-year, indicating tight operating cash flow. Net cash outflow from investing activities was 190 million Yuan, primarily for purchasing wealth management products. Net cash outflow from financing activities was 12.81 million Yuan. The period-end balance of cash and cash equivalents significantly decreased by 229 million Yuan compared to the beginning of the period Key Cash Flow Statement Data (Year-to-Date) | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -26,197,212.31 | 117,681,720.80 | | Net Cash Flow from Investing Activities | -189,959,006.41 | -297,474,542.22 | | Net Cash Flow from Financing Activities | -12,809,047.70 | 36,313,048.35 | | Net Increase in Cash and Cash Equivalents | -228,965,266.42 | -143,479,773.07 | Explanation of Financial Statement Adjustments The company adopted new leasing standards for the first time starting in 2021; however, as its existing leased assets are low-value or short-term leases, simplified treatment was applied, thus no adjustments were required for relevant balance sheet accounts at the beginning of the year - The company did not adjust its opening financial statements when first adopting new leasing standards, as its leased assets are low-value or short-term operating leases[24] Audit Report This quarterly report has not been audited - The company's Q3 2021 report has not been audited[25]