日丰股份(002953) - 2023 Q3 - 季度财报

Report Overview This section provides a high-level summary of the company's financial performance, shareholder information, and quarterly financial statements Key Financial Data In the first three quarters of 2023, the company's operating revenue increased by 5.58%, and net profit attributable to shareholders grew by 21.84%, driven by higher-margin product sales, though operating cash flow significantly decreased due to changes in bill settlement methods, while shareholder equity rose by 28.76% from convertible bond conversion and profit growth Key Accounting Data and Financial Indicators As of Q3 2023, year-to-date operating revenue reached 2.88 billion USD, up 5.58%, with net profit attributable to shareholders at 109.76 million USD, up 21.84%, despite a 4.20% Q3 single-quarter revenue decline Key Accounting Data and Financial Indicators | Indicator | Year-to-Date (USD) | Year-to-Date vs. Prior Year (%) | | :--- | :--- | :--- | | Operating Revenue | 2,875,996,087.35 | 5.58% | | Net Profit Attributable to Shareholders | 109,755,259.23 | 21.84% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | 108,507,378.27 | 25.50% | | Net Cash Flow from Operating Activities | 15,385,069.49 | -95.94% | | Basic Earnings Per Share (USD/share) | 0.3181 | 11.73% | | Weighted Average Return on Net Assets | 7.79% | 0.69% | | Indicator | As of Report Period End (USD) | As of Report Period End vs. Prior Year End (%) | | Total Assets | 2,932,218,160.94 | 2.13% | | Total Equity Attributable to Shareholders | 1,717,923,447.29 | 28.76% | Non-Recurring Gains and Losses Year-to-date non-recurring gains and losses totaled 1.25 million USD, primarily comprising government subsidies of 5.53 million USD and fair value changes in financial assets/liabilities of -3.55 million USD Non-Recurring Gains and Losses | Item | Year-to-Date Amount (USD) | | :--- | :--- | | Disposal Gains/Losses on Non-Current Assets | -93,137.20 | | Government Subsidies Included in Current Profit/Loss | 5,531,053.02 | | Fair Value Changes in Financial Assets/Liabilities, etc. | -3,548,324.13 | | Other Non-Operating Income and Expenses | -8,922.24 | | Less: Income Tax Impact | 502,897.86 | | Less: Impact on Minority Interests (After Tax) | 129,890.63 | | Total | 1,247,880.96 | Analysis of Key Financial Indicator Changes and Reasons Key financial indicator changes during the reporting period were mainly due to a 21.84% increase in net profit from higher-margin product sales and economies of scale, a 95.94% decrease in net operating cash flow due to increased bill endorsement and transfer payments, and a 28.76% increase in shareholder equity from convertible bond redemption and profit accumulation - Net profit attributable to shareholders increased by 21.84% year-on-year, primarily due to a higher sales proportion of high-margin categories (special cables, air conditioning wires) and cost reductions from economies of scale[9] - Net cash flow from operating activities significantly decreased by 95.94% year-on-year, mainly because the increase in bill endorsement and transfer payments reduced cash payments from bill discounting[9] - Total equity attributable to shareholders increased by 28.76% year-on-year, primarily due to convertible bond redemption and conversion into shares, and accumulated profits[9] Shareholder Information As of the report period end, the company had 36,138 common shareholders, with controlling shareholder Feng Jiujing holding 51.50% of shares, indicating a highly concentrated equity structure, and key shareholders including Feng Jiujing, Feng Yuhua, and Luo Yongwen acting in concert Common Shareholder Holdings At the end of the reporting period, the total number of shareholders was 36,138, with controlling shareholder Feng Jiujing holding 181.40 million shares, representing 51.50% of the total share capital, of which 29.56 million shares are pledged, and his son Feng Yuhua and spouse's brother Luo Yongwen are acting in concert - As of the report period end, the company had 36,138 common shareholders[11] Top 5 Common Shareholders | Shareholder Name | Shareholder Nature | Holding Percentage | Number of Shares | | :--- | :--- | :--- | :--- | | Feng Jiujing | Domestic Natural Person | 51.50% | 181,396,477 | | Li Qiang | Domestic Natural Person | 2.22% | 7,804,686 | | Feng Yuhua | Domestic Natural Person | 1.67% | 5,885,880 | | Shanghai Xiaofeng Private Equity Fund | Other | 1.41% | 4,970,000 | | Luo Yongwen | Domestic Natural Person | 1.32% | 4,649,054 | - Mr. Feng Yuhua is the son of Mr. Feng Jiujing, and Mr. Luo Yongwen is the brother of Mr. Feng Jiujing's spouse, both acting in concert with the company's actual controller, Mr. Feng Jiujing[12] Preferred Shareholder Holdings The company had no preferred shareholders during this reporting period - The company has no preferred shareholders[13] Quarterly Financial Statements Financial statements show that as of September 30, 2023, total assets were 2.93 billion USD, a 2.13% increase from the beginning of the year, total liabilities decreased to 1.20 billion USD primarily due to bond repayment, and equity attributable to owners significantly increased by 28.76% due to convertible bond conversion and profit growth Consolidated Balance Sheet At period end, total assets were 2.93 billion USD, a slight 2.13% increase from the beginning of the year, while total liabilities decreased by 21.17% to 1.20 billion USD due to the complete repayment of bonds from 293.69 million USD to zero, and owner's equity attributable to the parent company increased by 28.76% to 1.72 billion USD due to convertible bond conversion, significantly boosting share capital and capital reserves Consolidated Balance Sheet | Item | September 30, 2023 (USD) | January 1, 2023 (USD) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 2,932,218,160.94 | 2,871,122,071.25 | 2.13% | | Total Liabilities | 1,201,726,680.74 | 1,524,438,624.30 | -21.17% | | Bonds Payable | 0.00 | 293,694,857.21 | -100.00% | | Total Equity Attributable to Parent Company Owners | 1,717,923,447.29 | 1,334,199,130.50 | 28.76% | | Total Owners' Equity | 1,730,491,480.20 | 1,346,683,446.95 | 28.50% | Consolidated Income Statement (Year-to-Date) For the first three quarters of 2023, the company achieved total operating revenue of 2.88 billion USD, a 5.58% year-on-year increase, with total operating costs at 2.76 billion USD, up 4.52%, resulting in a net profit attributable to the parent company of 109.76 million USD, a 21.84% increase, and basic earnings per share of 0.3181 USD Consolidated Income Statement (Year-to-Date) | Item | Current Period Amount (USD) | Prior Period Amount (USD) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | I. Total Operating Revenue | 2,875,996,087.35 | 2,724,091,941.22 | 5.58% | | II. Total Operating Costs | 2,759,083,566.33 | 2,639,684,608.63 | 4.52% | | III. Operating Profit | 115,515,407.35 | 89,858,235.20 | 28.55% | | V. Net Profit | 109,286,037.49 | 87,974,536.22 | 24.23% | | Net Profit Attributable to Parent Company Shareholders | 109,755,259.23 | 90,078,348.53 | 21.84% | | (I) Basic Earnings Per Share | 0.3181 | 0.2847 | 11.73% | Consolidated Cash Flow Statement (Year-to-Date) Year-to-date net cash flow from operating activities was 15.39 million USD, a significant 95.94% year-on-year decrease, while net cash outflow from investing activities was 42.68 million USD compared to 106.21 million USD in the prior period, and net cash inflow from financing activities was 45.65 million USD compared to a 240.58 million USD outflow in the prior period, with cash and cash equivalents balance at period end of 66.99 million USD Consolidated Cash Flow Statement (Year-to-Date) | Item | Current Period Amount (USD) | Prior Period Amount (USD) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 15,385,069.49 | 379,309,819.75 | -95.94% | | Net Cash Flow from Investing Activities | -42,684,604.69 | -106,208,444.57 | 59.81% | | Net Cash Flow from Financing Activities | 45,647,369.88 | -240,584,173.88 | 118.97% | | Net Increase in Cash and Cash Equivalents | 15,966,031.63 | 30,939,838.04 | -48.40% | | Cash and Cash Equivalents at Period End | 66,994,637.70 | 102,360,652.29 | -34.55% |