天龙集团(300063) - 2022 Q3 - 季度财报

Key Financial Data This section provides an overview of the company's key financial performance and position for the current reporting period and year-to-date Key Accounting Data and Financial Indicators In Q3 2022 and YTD Q3 2022, the company experienced a year-on-year decline in both operating revenue and net profit attributable to parent company shareholders Key Financial Indicators for Q3 2022 and YTD Q3 2022 | Indicator | Current Period (Q3 2022) | YTD Q3 2022 | YTD YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 2,242,602,052.51 | 7,119,962,805.98 | -9.52% | | Net Profit Attributable to Parent Company Shareholders (CNY) | 21,862,111.99 | 86,898,230.11 | -17.17% | | Net Cash Flow from Operating Activities (CNY) | -- | -13,899,534.46 | 1.15% | | Basic Earnings Per Share (CNY/share) | 0.0293 | 0.1171 | -18.00% | | Total Assets (CNY) | 3,177,554,517.86 (Period-end) | 3,177,554,517.86 (Period-end) | -7.22% (vs. prior year-end) | | Total Equity Attributable to Parent Company Shareholders (CNY) | 1,525,732,267.03 (Period-end) | 1,525,732,267.03 (Period-end) | 9.35% (vs. prior year-end) | Non-recurring Gains and Losses Items and Amounts YTD Q3 2022, the company's total non-recurring gains and losses amounted to 33.48 million CNY, primarily driven by 38.15 million CNY in government grants Non-recurring Gains and Losses Items YTD Q3 2022 | Item | YTD Q3 2022 Amount (CNY) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -139,509.09 | | Government Grants | 38,151,302.78 | | Reversal of Impairment Provisions for Receivables | 3,026,395.83 | | Other Non-operating Income and Expenses | -539,623.69 | | Less: Income Tax Impact | 5,811,452.84 | | Less: Impact on Minority Interests (After Tax) | 1,210,616.58 | | Total | 33,476,496.41 | Analysis of Changes in Key Accounting Data and Financial Indicators During the reporting period, several of the company's financial indicators showed significant changes, including a substantial increase in construction in progress and notable decreases in accounts payable, contract liabilities, R&D expenses, and financial expenses - Period-end balance of Construction in Progress increased by 1534.77% compared to the beginning of the period, primarily due to increased construction by subsidiaries[9] - Period-end balance of Accounts Payable decreased by 42.69% compared to the beginning of the period, mainly due to reduced media procurement payables by subsidiaries[9] - Period-end balance of Contract Liabilities decreased by 31.31% compared to the beginning of the period, primarily due to reduced advance payments from customers for advertising by new media subsidiaries[9] - Research and Development Expenses for the current period decreased by 38.69% compared to the previous period, mainly due to reduced R&D expenditures by subsidiaries[9] - Financial Expenses for the current period decreased by 43.01% compared to the previous period, primarily due to increased exchange gains and reduced interest payments[9] - Net Cash Flow from Investing Activities decreased by 126.30% year-on-year, mainly due to increased cash payments for the acquisition of long-term assets[9] Shareholder Information This section details the company's shareholder structure, including the total number of shareholders and the holdings of the top ten shareholders Total Common Shareholders and Top Ten Shareholders Holding Information As of the end of the reporting period, the company had 34,832 common shareholders, with the largest shareholder, Feng Yi, holding 22.64% of shares, some of which are pledged - Total number of common shareholders was 34,832 at the end of the reporting period[11] Top 10 Shareholders' Holding Information | Shareholder Name | Holding Percentage | Number of Shares Held | Share Status | | :--- | :--- | :--- | :--- | | Feng Yi | 22.64% | 170,724,933 | Pledged 60,000,000 | | Cheng Yu | 5.12% | 38,585,633 | - | | Feng Hua | 2.68% | 20,225,000 | - | | Shanghai Jincheng Investment Management Center (Limited Partnership) | 2.27% | 17,150,000 | Pledged 17,150,000 | | Feng Jun | 1.88% | 14,150,000 | - | - Shareholders Feng Yi, Feng Hua, and Feng Jun are siblings and acting in concert; Changzhou Changping Enterprise Management Consulting Co., Ltd. and Tibet Shangtian Ruige Enterprise Management Co., Ltd. are also acting in concert[11] Changes in Restricted Shares During the reporting period, the company's total restricted shares changed from 139.5 million shares at the beginning of the period to 136.1 million shares at period-end, primarily due to new executive lock-ups, incentive plan unlocking, and repurchases Changes in Restricted Shares | Shareholder Name/Item | Restricted Shares at Beginning of Period | Shares Released from Restriction in Current Period | Shares Added to Restriction in Current Period | Restricted Shares at End of Period | | :--- | :--- | :--- | :--- | :--- | | Feng Yi | 128,043,700 | 0 | 0 | 128,043,700 | | Other Equity Incentives | 9,870,000 | 8,660,000 | 0 | 1,210,000 | | Total | 139,548,700 | 8,660,000 | 5,193,425 | 136,082,125 | Other Significant Matters This section covers other material events, including corporate governance changes and the implementation of equity incentive plans Completion of Board and Supervisory Board Re-election The company completed the re-election of its Board of Directors and Supervisory Board in July 2022, forming the sixth iteration of both bodies - The company elected members for its Sixth Board of Directors and Supervisory Board in July 2022, completing the re-election process[14] Implementation of 2019 Restricted Stock Incentive Plan in Current Period During the reporting period, the company advanced its 2019 and 2021 Restricted Stock Incentive Plans, with shares from the 2019 plan being unlocked and listed, and shares from the 2021 plan vesting, increasing the company's total share capital - 2019 Incentive Plan: A total of 8.66 million restricted shares were released from restriction and listed for trading on July 13, 2022[15] - 2019 Incentive Plan: The company plans to repurchase and cancel a total of 0.69 million restricted shares that could not be unlocked due to reasons such as employee departures[16] - 2021 Incentive Plan: The conditions for the first vesting period were met, resulting in 4.132 million restricted shares vesting for 45 incentive recipients, increasing the company's total share capital to 754,003,950 shares[16][17] Quarterly Financial Statements This section presents the company's consolidated balance sheet, income statement, and cash flow statement for the quarter and year-to-date Consolidated Balance Sheet As of September 30, 2022, the company's total assets were 3.178 billion CNY, a 7.22% decrease from the beginning of the year, while total liabilities were 1.566 billion CNY, a 19.61% decrease, and total equity attributable to parent company shareholders increased by 9.35% to 1.526 billion CNY Consolidated Balance Sheet Key Items (Unit: CNY) | Item | September 30, 2022 | January 1, 2022 | Change | | :--- | :--- | :--- | :--- | | Total Assets | 3,177,554,517.86 | 3,424,824,056.60 | -7.22% | | Total Liabilities | 1,565,922,209.03 | 1,947,924,077.38 | -19.61% | | Total Equity Attributable to Parent Company Shareholders | 1,525,732,267.03 | 1,395,337,164.19 | +9.35% | Consolidated Income Statement YTD Q3 In YTD Q3 2022, the company achieved operating revenue of 7.12 billion CNY, a 9.52% year-on-year decrease, with net profit attributable to parent company shareholders at 86.90 million CNY, a 17.17% year-on-year decrease, and basic earnings per share of 0.1171 CNY Consolidated Income Statement Key Items (YTD Q3 2022) | Item | Current Period Amount (CNY) | Previous Period Amount (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 7,119,962,805.98 | 7,868,901,528.14 | -9.52% | | Operating Profit | 117,068,219.58 | 122,495,776.88 | -4.43% | | Net Profit Attributable to Parent Company Shareholders | 86,898,230.11 | 104,913,162.63 | -17.17% | | Basic Earnings Per Share (CNY/share) | 0.1171 | 0.1428 | -18.00% | Consolidated Cash Flow Statement YTD Q3 In YTD Q3 2022, net cash flow from operating activities was -13.90 million CNY, net cash outflow from investing activities was 37.95 million CNY, and net cash inflow from financing activities was 12.08 million CNY, with period-end cash and cash equivalents at 198.26 million CNY Consolidated Cash Flow Statement Key Items (YTD Q3 2022) | Item | Current Period Amount (CNY) | Previous Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -13,899,534.46 | -14,061,610.91 | | Net Cash Flow from Investing Activities | -37,953,807.60 | -16,771,352.24 | | Net Cash Flow from Financing Activities | 12,082,167.99 | 80,036,771.51 | | Period-end Cash and Cash Equivalents Balance | 198,262,524.59 | 316,423,995.15 | Audit Report The company's Q3 2022 report is unaudited - The company's third-quarter report is unaudited[27]