天晟新材(300169) - 2022 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators The company experienced a significant decline in operating performance during the first three quarters of 2022, with revenue decreasing and net profit turning to a substantial loss Key Accounting Data and Financial Indicators (Year-to-Date) | Indicator | Year-to-Date | Year-on-Year Change | | :--- | :--- | :--- | | Operating Revenue (RMB) | 437,219,675.86 | -27.22% | | Net Profit Attributable to Shareholders (RMB) | -36,564,532.66 | -1,180.27% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items (RMB) | -37,739,585.96 | -2,148.02% | | Net Cash Flow from Operating Activities (RMB) | 33,779,360.54 | -32.43% | | Basic Earnings Per Share (RMB/share) | -0.1122 | -1,178.85% | | Total Assets (RMB) | 1,517,897,127.17 | -4.46% (vs. end of prior year) | | Shareholders' Equity Attributable to Parent Company (RMB) | 423,386,478.29 | -6.61% (vs. end of prior year) | Non-Recurring Gains and Losses Items and Amounts Year-to-date non-recurring gains and losses totaled 1.18 million RMB, mainly from government subsidies, with the core business facing significant pressure Non-Recurring Gains and Losses Items and Amounts (Year-to-Date) | Item (Year-to-Date Amount) | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -279,740.82 | | Government Grants Recognized in Current Profit/Loss | 1,920,162.73 | | Other Non-Operating Income and Expenses | -120,007.15 | | Less: Income Tax and Minority Interest Impact | 345,361.46 | | Total | 1,175,053.30 | Analysis of Major Financial Indicator Changes The company's financial indicators fluctuated significantly, driven by increased project investments, a sharp decline in operating profit, and reduced cash flows from operating and financing activities Analysis of Balance Sheet Item Changes Significant balance sheet changes reflect increased investment in construction in progress and other non-current assets, funded by higher long-term borrowings, while financial assets held for trading decreased - Construction in progress increased by 441.28% from the beginning to the end of the reporting period, primarily due to new equipment installation and plant projects[9] - Other non-current assets increased by 306.92% from the beginning to the end of the reporting period, mainly due to increased prepaid equipment expenses[9] - Long-term borrowings increased by 170.74% from the beginning to the end of the reporting period, primarily due to new long-term loans[9] - Financial assets held for trading decreased by 3.22 million RMB from the beginning to the end of the reporting period, mainly due to the redemption of matured wealth management products[9] Analysis of Income Statement Item Changes Income statement items fluctuated sharply year-to-date, driven by a significant decline in operating profit due to revenue, cost, and expense changes, alongside substantial shifts in non-operating income and expenses - Operating profit decreased by 123,641.53% year-on-year from the beginning to the end of the reporting period, primarily due to the combined changes in revenue, costs, and expenses[9] - Non-operating income decreased by 93.02% year-on-year from the beginning to the end of the reporting period, primarily due to compensation received in the prior year[9] - Non-operating expenses increased by 221.34% year-on-year from the beginning to the end of the reporting period, primarily due to an increase in non-operating expenditure items[9] Analysis of Cash Flow Statement Item Changes The company's cash flow tightened year-to-date, with net cash from operating activities decreasing, financing activities turning negative due to reduced borrowings, and a significant overall decline in cash and cash equivalents - Net cash flow from operating activities decreased by 32.43% year-on-year, primarily due to reduced cash inflows from operations[9] - Net cash flow from financing activities decreased by 274.60% year-on-year, primarily due to reduced cash received from borrowings[9] - Net increase in cash and cash equivalents decreased by 153.49% year-on-year, primarily due to reduced net cash flows from operating and financing activities[9] Shareholder Information Common Shareholder Holdings As of the reporting period, the company had 14,384 common shareholders, with the top two holding significant stakes, notably with shares frozen or pledged, and one identified as a party acting in concert - Total common shareholders at the end of the reporting period were 14,384[10] Top Ten Shareholder Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Share Status | | :--- | :--- | :--- | :--- | | Qingdao Ronghai State-owned Investment Asset Management Co., Ltd. | State-owned Legal Person | 9.20% | Frozen | | Wu Haizhou | Domestic Natural Person | 7.80% | Pledged | | Sun Jian | Domestic Natural Person | 4.00% | - | | Lu Ze-wei | Domestic Natural Person | 3.81% | - | - The largest shareholder, Qingdao Ronghai State-owned Investment Asset Management Co., Ltd., and Changsha Yinghai Private Equity Fund Management Partnership (Limited Partnership) are parties acting in concert[10] Changes in Restricted Shares The total number of restricted shares remained unchanged at 24.25 million shares, all attributed to executive lock-up shares held by Wu Haizhou and Xu Yi Restricted Shares Movement | Shareholder Name | Restricted Shares at Beginning of Period | Changes During Period | Restricted Shares at End of Period | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | | Wu Haizhou | 19,067,299 | 0 | 19,067,299 | Executive Lock-up | | Xu Yi | 5,181,259 | 0 | 5,181,259 | Executive Lock-up | | Total | 24,248,558 | 0 | 24,248,558 | | Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2022, total assets and liabilities slightly decreased, while equity attributable to owners of the parent company declined due to losses, maintaining a relatively stable asset-liability structure Consolidated Balance Sheet | Item | September 30, 2022 (RMB) | January 1, 2022 (RMB) | | :--- | :--- | :--- | | Total Assets | 1,517,897,127.17 | 1,588,686,186.01 | | Total Liabilities | 1,096,029,446.95 | 1,136,578,153.11 | | Total Equity Attributable to Owners of Parent Company | 423,386,478.29 | 453,351,346.46 | | Total Equity | 421,867,680.22 | 452,108,032.90 | Consolidated Income Statement (Year-to-Date) In the first three quarters of 2022, operating revenue decreased, leading to a significant operating loss of 47.33 million RMB and a net loss of 36.56 million RMB attributable to parent company shareholders Consolidated Income Statement (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 437,219,675.86 | 600,737,430.78 | | II. Total Operating Costs | 486,743,200.42 | 602,564,957.62 | | III. Operating Profit | -47,330,280.54 | -38,249.31 | | IV. Total Profit | -47,730,028.51 | 151,878.80 | | Net Profit Attributable to Owners of Parent Company | -36,564,532.66 | 3,384,762.84 | Consolidated Cash Flow Statement (Year-to-Date) The company's cash flow was unfavorable in the first three quarters of 2022, with decreased net cash from operating activities and a significant shift to net outflow from financing activities, leading to an overall reduction in cash and cash equivalents Consolidated Cash Flow Statement (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 33,779,360.54 | 49,992,161.62 | | Net Cash Flow from Investing Activities | -15,067,059.93 | -35,988,055.57 | | Net Cash Flow from Financing Activities | -46,338,579.97 | 26,540,199.36 | | Net Increase in Cash and Cash Equivalents | -21,227,633.19 | 39,683,810.43 | Audit Opinion The company's 2022 third-quarter report has not been audited - The company's third-quarter report is unaudited[24]