振邦智能(003028) - 2022 Q3 - 季度财报

Major Financial Data This section presents key financial data, non-recurring gains and losses, and an analysis of changes in major accounting items for the reporting period Major Accounting Data and Financial Indicators During the reporting period, the company's operating revenue and net profit attributable to the parent company both declined year-on-year, but net cash flow from operating activities significantly increased, with total assets and owners' equity attributable to the parent company growing year-to-date Key Financial Indicators for Q3 2022 and Year-to-Date | Indicator | Current Period (RMB) | YoY Change | Year-to-Date (RMB) | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 237,207,719.69 | -30.55% | 805,537,232.67 | -14.84% | | Net Profit Attributable to Parent | 46,726,945.35 | -24.50% | 132,398,614.61 | -16.57% | | Net Profit Attributable to Parent (Excl. Non-recurring) | 40,791,100.88 | -25.83% | 120,230,545.15 | -16.90% | | Net Cash Flow from Operating Activities | — | — | 276,140,271.73 | 1,058.23% | | Basic EPS (RMB/share) | 0.42 | -24.83% | 1.19 | -17.36% | | Diluted EPS (RMB/share) | 0.42 | -24.83% | 1.19 | -17.36% | | Weighted Average ROE | 3.52% | -35.73% | 10.17% | -29.51% | | Period-End Indicators | End of Current Period (RMB) | End of Prior Year (RMB) | Change from Prior Year-End | | | Total Assets | 1,719,020,275.39 | 1,684,520,033.77 | 2.05% | | | Owners' Equity Attributable to Parent | 1,372,310,750.50 | 1,229,666,483.50 | 11.60% | | Non-recurring Gains and Losses Items and Amounts Total non-recurring gains and losses were RMB 5.94 million for the current period and RMB 12.17 million year-to-date, primarily from government grants and entrusted investment income Non-recurring Gains and Losses Items and Amounts | Item | Amount for Current Period (RMB) | Year-to-Date Amount (RMB) | Explanation | | :--- | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -17,343.80 | -48,410.08 | | | Government Grants Included in Current P&L | 4,541,049.67 | 5,824,240.41 | | | Gains/Losses from Entrusted Investments | 2,752,695.99 | 8,804,216.93 | | | Other Non-operating Income and Expenses | -293,055.43 | -599,832.37 | | | Other Items Meeting Non-recurring Definition | 0.00 | 335,160.94 | Individual Income Tax Handling Fee Refund | | Less: Income Tax Impact | 1,047,501.96 | 2,147,306.37 | | | Total | 5,935,844.47 | 12,168,069.46 | -- | Analysis of Changes in Major Accounting Data and Financial Indicators On the balance sheet, cash and intangible assets significantly increased, while accounts receivable and inventory decreased; on the income statement, R&D investment and financial expenses changed significantly; and on the cash flow statement, net cash flow from operating activities greatly improved Changes and Reasons for Major Balance Sheet Items | Balance Sheet Item | YoY Change | Reason for Change | | :--- | :--- | :--- | | Cash and Cash Equivalents | 125.97% | Primarily due to collection of receivables and decrease in wealth management products | | Accounts Receivable | -40.66% | Primarily due to collection of receivables | | Inventory | -36.15% | Primarily due to reduced stocking and optimized inventory turnover in current period | | Intangible Assets | 1991.09% | Primarily due to new land use rights acquired in current period | | Accounts Payable | -52.58% | Primarily due to reduced raw material stocking in current period | | Other Comprehensive Income | 169.87% | Primarily due to impact of foreign currency translation | Changes and Reasons for Major Income Statement Items | Income Statement Item | YoY Change | Reason for Change | | :--- | :--- | :--- | | Taxes and Surcharges | 137.13% | Primarily due to increased VAT surcharges in current period | | Selling Expenses | 38.92% | Primarily due to share-based payments and increased market development efforts | | R&D Expenses | 71.23% | Primarily due to increased R&D personnel and equity incentive expenses | | Financial Expenses | -2680.94% | Primarily due to impact of USD exchange rate fluctuations | | Investment Income | 286.96% | Primarily due to increased income from wealth management products purchased in current period | | Credit Impairment Losses | 6109.89% | Primarily due to reduced impairment provisions for receivables in current period | | Asset Impairment Losses | 444.34% | Primarily due to increased inventory impairment provisions in current period | Changes and Reasons for Major Cash Flow Statement Items | Cash Flow Statement Item | YoY Change | Reason for Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 1058.23% | Primarily due to increased sales collection and reduced material procurement expenses | | Net Cash Flow from Investing Activities | 108.42% | Primarily due to investments in wealth management products and acquisition of land use rights | | Net Increase in Cash and Cash Equivalents | 182.99% | Primarily due to the impact of net cash flows from operating and investing activities | Shareholder Information This section details the total number of common shareholders, top ten shareholder holdings, and preferred shareholder information Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholder Holdings As of the end of the reporting period, the company had 14,445 common shareholders, with the top three shareholders, Chen Zhijie, Chen Weiyu, and Tang Juan, collectively holding over 67% of shares and having related party relationships - Total number of common shareholders was 14,445 at the end of the reporting period[11] Top 10 Shareholder Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | Number of Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Chen Zhijie | Domestic Natural Person | 27.12% | 30,240,000.00 | 30,240,000.00 | | Chen Weiyu | Domestic Natural Person | 26.45% | 29,484,000.00 | 29,484,000.00 | | Tang Juan | Domestic Natural Person | 14.24% | 15,876,000.00 | 15,876,000.00 | | Zhuhai Guohuitong Management Consulting Partnership (Limited Partnership) | Domestic Non-state-owned Legal Person | 5.43% | 6,050,000.00 | 6,050,000.00 | | Zhuhai Zhongtian Zhike Management Consulting Partnership (Limited Partnership) | Domestic Non-state-owned Legal Person | 0.49% | 550,000.00 | 550,000.00 | | Harvest Fund - Guoxin Investment Co., Ltd. - Harvest Fund - Guoxin No. 2 Single Asset Management Plan | Other | 0.38% | 427,017.00 | | | Du Dong | Domestic Natural Person | 0.34% | 375,000.00 | | | Shanghai Pianfeng Investment Co., Ltd. - Pianfeng Yuanyue No. 1 Private Securities Investment Fund | Other | 0.32% | 359,000.00 | | | Shanghai Pianfeng Investment Co., Ltd. - Pianfeng Phase 2 Securities Investment Fund | Other | 0.26% | 289,800.00 | | | Lai Li | Domestic Natural Person | 0.23% | 251,000.00 | | - Chen Zhijie and Tang Juan are spouses; Chen Zhijie and Chen Weiyu are father and daughter; Tang Juan and Chen Weiyu are mother and daughter. Zhuhai Guohuitong Management Consulting Partnership (Limited Partnership) has Chen Zhijie as its executive partner; Zhuhai Zhongtian Zhike Management Consulting Partnership (Limited Partnership) has Chen Weiyu as its executive partner[12] Preferred Shareholder Information The company had no preferred shareholders at the end of the reporting period - The company has no preferred shareholders[13] Other Important Matters The company had no other important matters to disclose during the reporting period - The company has no other important matters[13] Quarterly Financial Statements This section provides the company's consolidated balance sheet, income statement, and cash flow statement for the reporting period Financial Statement Details This section provides detailed data for the company's consolidated balance sheet for Q3 2022, and consolidated income statement and cash flow statement from the beginning of the year to the end of the reporting period, reflecting the company's financial position, operating results, and cash flows at the end of the reporting period Consolidated Balance Sheet As of September 30, 2022, the company's total assets were RMB 1.719 billion, a 2.05% increase from the beginning of the year; owners' equity attributable to shareholders of the listed company was RMB 1.372 billion, an 11.60% increase from the beginning of the year Key Data from Consolidated Balance Sheet as of September 30, 2022 | Item | Sep 30, 2022 (RMB) | Jan 1, 2022 (RMB) | | :--- | :--- | :--- | | Total Assets | 1,719,020,275.39 | 1,684,520,033.77 | | Total Liabilities | 346,709,524.89 | 454,853,550.27 | | Total Owners' Equity Attributable to Parent Company | 1,372,310,750.50 | 1,229,666,483.50 | | Cash and Cash Equivalents | 608,361,033.64 | 269,222,921.24 | | Financial Assets Held for Trading | 361,207,152.22 | 464,260,499.53 | | Accounts Receivable | 203,165,394.87 | 342,400,332.67 | | Inventory | 242,039,156.07 | 379,088,151.34 | | Intangible Assets | 62,545,587.99 | 2,991,051.06 | | Accounts Payable | 92,505,933.37 | 195,096,106.05 | | Contract Liabilities | 36,617,740.72 | 23,105,346.95 | Consolidated Income Statement Year-to-Date From the beginning of the year to the end of the reporting period, the company's total operating revenue was RMB 805.54 million, a 14.84% year-on-year decrease; net profit attributable to parent company shareholders was RMB 132.40 million, a 16.57% year-on-year decrease, with financial expenses significantly decreasing due to exchange rate fluctuations, while R&D expenses grew substantially Key Data from Consolidated Income Statement Year-to-Date | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 805,537,232.67 | 945,939,139.90 | | Total Operating Costs | 645,724,577.34 | 772,116,530.11 | | Selling Expenses | 17,611,701.34 | 12,677,329.38 | | R&D Expenses | 54,100,774.29 | 31,596,151.91 | | Financial Expenses | -54,961,815.02 | -1,976,376.99 | | Investment Income | 5,108,752.26 | 1,320,219.86 | | Credit Impairment Losses | 7,401,403.09 | -123,153.78 | | Asset Impairment Losses | -30,375,381.09 | -5,580,190.62 | | Operating Profit | 151,753,885.53 | 185,829,740.98 | | Total Profit | 151,154,053.16 | 184,615,437.18 | | Net Profit | 132,398,614.61 | 158,698,789.28 | | Net Profit Attributable to Parent Company Shareholders | 132,398,614.61 | 158,698,789.28 | | Basic EPS (RMB) | 1.19 | 1.44 | Consolidated Cash Flow Statement Year-to-Date From the beginning of the year to the end of the reporting period, net cash flow from operating activities turned positive and significantly increased to RMB 276.14 million, primarily due to increased sales collection and reduced material procurement expenses, with net cash flow from investing activities also significantly improving Key Data from Consolidated Cash Flow Statement Year-to-Date | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 276,140,271.73 | -28,817,866.69 | | Net Cash Flow from Investing Activities | 30,769,679.78 | -365,294,114.26 | | Net Cash Flow from Financing Activities | -11,491,333.88 | -13,692,345.35 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 43,814,820.59 | -956,531.73 | | Net Increase in Cash and Cash Equivalents | 339,233,438.22 | -408,760,858.03 | | Cash and Cash Equivalents at Period End | 608,361,033.64 | 350,230,913.79 | Audit Report The company's Q3 2022 report is unaudited - This quarterly report is unaudited[23]