东软载波(300183) - 2020 Q3 - 季度财报

Important Notice Board Statement The company's Board of Directors, Supervisory Board, and senior management ensure the truthfulness, accuracy, and completeness of this quarterly report, assuming corresponding legal liabilities - The company's Board of Directors, Supervisory Board, and all senior executives guarantee no false records, misleading statements, or major omissions in the report content[4] - All directors attended the board meeting to review this quarterly report[5] - Company head Cui Jian, chief accountant Sun Xuefei, and head of accounting department Sun Xuefei declare that the financial statements in the quarterly report are true, accurate, and complete[5] Company Profile Key Accounting Data and Financial Indicators As of Q3 2020, total assets were CNY 3.177 billion, a slight decrease of 1.71% from year-end, with year-to-date revenue at CNY 515.69 million and net profit attributable to shareholders at CNY 100.42 million Key Financial Indicators for Q1-Q3 2020 | Indicator | Year-to-Date | YoY Change | | :--- | :--- | :--- | | Operating Revenue (CNY) | 515,693,770.72 | -1.74% | | Net Profit Attributable to Listed Company Shareholders (CNY) | 100,415,469.45 | 6.79% | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Items) (CNY) | 94,628,805.08 | 35.80% | | Net Cash Flow from Operating Activities (CNY) | 94,510,121.03 | -46.62% | | Basic Earnings Per Share (CNY/share) | 0.2144 | 4.48% | | Weighted Average Return on Net Assets | 3.42% | 0.10% | Key Financial Indicators for Q3 2020 | Indicator | Current Period | YoY Change | | :--- | :--- | :--- | | Operating Revenue (CNY) | 219,571,918.97 | 13.66% | | Net Profit Attributable to Listed Company Shareholders (CNY) | 40,985,437.87 | 15.81% | | Net Profit Attributable to Listed Company Shareholders (Excluding Non-recurring Items) (CNY) | 40,318,708.21 | 79.28% | - Year-to-date, the company's non-recurring gains and losses totaled CNY 5.79 million, primarily from government grants and wealth management income[8] Shareholder Information As of the reporting period end, the company had 30,580 common shareholders, with the top three shareholders holding over 51% combined - As of the end of the reporting period, the company had 30,580 common shareholders[12] Top Ten Shareholders' Holdings | Shareholder Name | Holding Percentage | Number of Shares | | :--- | :--- | :--- | | Cui Jian | 22.60% | 104,544,000 | | Wang Rui | 14.38% | 66,528,000 | | Hu Yajun | 14.38% | 66,528,000 | | Chen Yiqing | 3.20% | 14,820,000 | | China Securities Finance Corporation Limited | 1.64% | 7,594,102 | Changes in Restricted Shares During the period, 17.12 million restricted shares were released, reducing the total restricted shares to 178.62 million by period-end Changes in Restricted Shares | Shareholder Name | Restricted Shares at Period Start | Restricted Shares Released This Period | Restricted Shares at Period End | | :--- | :--- | :--- | :--- | | Total | 200,590,680 | 17,118,200 | 178,620,000 | Significant Events Significant Changes in Key Financial Data and Reasons Several financial indicators showed significant changes, including substantial increases in accounts receivable financing and prepayments, a 500.41% surge in notes payable, and significant declines in operating and investing cash flows Key Balance Sheet Changes | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Accounts Receivable Financing | 363.69% | Increase in bank acceptance bills received during the reporting period | | Prepayments | 457.64% | Increase in prepayments for material purchases | | Intangible Assets | 86.66% | Acquisition of land use rights in the current period | | Notes Payable | 500.41% | Increase in bank acceptance bills issued in the current period | | Taxes Payable | -76.78% | Decrease in VAT and income tax payable at period-end | | Other Payables | -79.92% | Decrease in repurchase obligations for restricted shares in the current period | Key Cash Flow Statement Changes | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -46.62% | Decrease in government grants received and increase in acceptance deposits paid | | Net Cash Flow from Investing Activities | -361.99% | Decrease in recovery of wealth management products and increase in purchase of structured deposits | | Net Cash Flow from Financing Activities | -58.96% | Repurchase of restricted shares under equity incentive plans that did not meet conditions | Other Significant Matters The company reported no significant events, share repurchases, overdue commitments, irregular external guarantees, or non-operating fund occupation by controlling shareholders during the period - The company had no overdue unfulfilled commitments during the reporting period[21] - The company did not provide a forecast for its 2020 operating performance[22] - During the reporting period, the company had no irregular external guarantees or non-operating fund occupation by controlling shareholders[23][24] - The company did not host any research, communication, or interview activities during the reporting period[25] Financial Statements Financial Statement Details This section presents the consolidated and parent company balance sheets, income statements, and cash flow statements as of September 30, 2020, indicating stable overall operations but cash flow pressure Consolidated Balance Sheet As of September 30, 2020, total assets were CNY 3.177 billion, total liabilities CNY 241.20 million, and owners' equity attributable to the parent company CNY 2.936 billion Consolidated Balance Sheet Summary (Unit: CNY) | Item | September 30, 2020 | December 31, 2019 | | :--- | :--- | :--- | | Total Assets | 3,176,997,126.00 | 3,232,315,993.79 | | Total Liabilities | 241,196,252.47 | 303,512,808.97 | | Total Owners' Equity Attributable to Parent Company | 2,935,800,873.53 | 2,928,803,184.82 | Consolidated Income Statement For Q1-Q3 2020, total operating revenue was CNY 515.69 million (down 1.74% YoY), with net profit attributable to the parent company at CNY 100.42 million (up 6.79% YoY) Consolidated Income Statement - Year-to-Date (Unit: CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Total Operating Revenue | 515,693,770.72 | 524,849,495.91 | | Operating Profit | 115,765,523.35 | 107,703,954.65 | | Net Profit Attributable to Parent Company Owners | 100,415,469.45 | 94,028,075.95 | Consolidated Income Statement - Q3 (Unit: CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Total Operating Revenue | 219,571,918.97 | 193,175,892.42 | | Operating Profit | 45,223,993.34 | 40,681,396.24 | | Net Profit Attributable to Parent Company Owners | 40,985,437.87 | 35,388,981.99 | Consolidated Cash Flow Statement Q1-Q3 2020 operating cash flow was CNY 94.51 million (down 46.62% YoY), investing cash flow was a net outflow of CNY 167.95 million, and financing cash flow was a net outflow of CNY 154.85 million Consolidated Cash Flow Statement Summary (Unit: CNY) | Item | Current Period Amount | Prior Period Amount | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 94,510,121.03 | 177,066,871.20 | | Net Cash Flow from Investing Activities | -167,946,963.06 | 64,105,494.31 | | Net Cash Flow from Financing Activities | -154,845,227.00 | -97,414,463.40 | | Net Increase in Cash and Cash Equivalents | -228,106,939.14 | 143,741,417.87 | Notes on Financial Statement Adjustments The company adopted new revenue recognition standards from January 1, 2020, reclassifying "Advances from Customers" to "Contract Liabilities" without affecting total assets, liabilities, or net assets - Due to the adoption of new revenue standards, the company reclassified CNY 3,269,928.71 of "Advances from Customers" on the consolidated balance sheet at the beginning of the year to "Contract Liabilities"[73] - Due to the adoption of new revenue standards, the company reclassified CNY 1,641,901.24 of "Advances from Customers" on the parent company balance sheet at the beginning of the year to "Contract Liabilities"[79] Audit Report This quarterly report is unaudited - The company's Q3 2020 report is unaudited[81]