双杰电气(300444) - 2022 Q3 - 季度财报

Financial Summary and Shareholder Information Key Financial Data The company experienced 87.30% revenue growth in the first three quarters of 2022, yet net profit attributable to shareholders significantly declined, resulting in an 81.64 million Yuan loss due to increased costs and investment losses Core Financial Indicators The company reported 1.461 billion Yuan in operating revenue, an 87.30% increase, but net profit attributable to the parent company significantly declined to -81.64 million Yuan, while total assets grew 17.36% Core Financial Indicators Summary | Indicator | Year-to-Date (RMB) | YTD Change vs. Prior Year | | :--- | :--- | :--- | | Operating Revenue | 1,461,498,381.13 | 87.30% | | Net Profit Attributable to Shareholders | -81,637,111.67 | -2,618.98% | | Net Profit Attributable to Shareholders (Excluding Non-recurring Items) | -47,982,976.43 | -443.68% | | Net Cash Flow from Operating Activities | -145,439,714.88 | 51.03% | | Basic Earnings Per Share | -0.1126 | -2,495.74% | | Weighted Average Return on Net Assets | -6.24% | -6.48% | | Indicator | As of Report End (RMB) | Change vs. Prior Year-End | | Total Assets | 3,983,990,106.92 | 17.36% | | Shareholders' Equity Attributable to Listed Company | 1,296,805,351.95 | -4.17% | Non-recurring Gains and Losses Total non-recurring gains and losses amounted to -33.65 million Yuan year-to-date, mainly from investment losses related to Donggao Membrane equity and debt disposal, debt assumption, and government subsidies Non-recurring Gains and Losses Details | Item | Year-to-Date Amount (RMB) | | :--- | :--- | | Gains/Losses from Disposal of Non-current Assets | 16,355.08 | | Government Grants Included in Current Profit/Loss | 6,115,972.23 | | Gains/Losses from Debt Restructuring | 460,676.00 | | Gains/Losses from Changes in Fair Value of Trading Financial Assets/Liabilities | -13,334,298.11 | | Other Non-operating Income and Expenses | -2,298,163.56 | | Other Items Meeting the Definition of Non-recurring Gains/Losses | -6,858,075.60 | | Losses from Assumption of Donggao Membrane Creditor's Rights and Debts | -21,586,511.86 | | Total | -33,654,135.24 | Financial Indicator Variation Analysis Significant financial indicator changes stem from business expansion and specific events, with 87.30% revenue growth but faster cost increases, alongside rising financial, administrative, and R&D expenses, and adverse impacts from Donggao Membrane asset disposal - Operating revenue for the first three quarters of 2022 increased by 87.30% year-over-year, primarily driven by increased revenue from power transmission and integrated energy businesses[8] - Financial expenses surged by 262.58% year-over-year, mainly due to increased interest expenses from litigation judgments involving subsidiary Tianjin Donggao Membrane and higher overall company borrowings[8] - Investment income sharply decreased by 1118.53% year-over-year, and non-operating expenses surged by 2773.51% year-over-year, both primarily resulting from investment losses incurred from the disposal of Donggao Membrane equity and debt in the current period[9] Shareholder Information As of the report end, the company had 38,805 common shareholders, with controlling shareholder Zhao Zhihong and concerted parties holding 19.69% of shares, and some top shareholders' holdings are pledged Shareholder Ownership Details As of the report end, total shareholders numbered 38,805, with controlling shareholder Zhao Zhihong and his brothers, as concerted parties, holding 11.71% of shares, and multiple top ten shareholders' shares are pledged - The total number of common shareholders at the end of the reporting period was 38,805[11] - Controlling shareholder Zhao Zhihong, along with his brothers Zhao Zhixing and Zhao Zhihao, are concerted parties, collectively holding 19.69% of the company's shares[12] - Among the top ten shareholders, Zhao Zhihong, Yuan Xueen, Zhao Zhixing, Zhao Zhihao, Xu Zhuan, and Xinjiang Xinjialong Investment Holding Co., Ltd. have pledged some or all of their shares[11][12] Other Significant Matters and Financial Statements Other Significant Matters The company pursued a private placement to controlling shareholder Zhao Zhihong for capital and control stability, and signed a strategic cooperation agreement with Inner Mongolia Energy Group for new energy development - The company plans to privately issue up to 81,521,739 shares to controlling shareholder and de facto controller Zhao Zhihong, aiming to enhance capital strength and stabilize control, demonstrating the controlling shareholder's confidence in the company's development[14] - The company signed a strategic cooperation framework agreement with Inner Mongolia Energy Group to collaborate comprehensively in new energy fields such as intelligent operation and maintenance, power equipment, and energy storage equipment, aligning with "carbon peak and carbon neutrality" strategies for a strong alliance[15] Quarterly Financial Statements As of September 30, 2022, total assets were 3.984 billion Yuan, total liabilities 2.657 billion Yuan, and the asset-liability ratio 66.68%, with net cash flow from operating activities at -145 million Yuan, indicating cash flow pressure Consolidated Balance Sheet As of September 30, 2022, total assets reached 3.984 billion Yuan (+17.36%), total liabilities 2.657 billion Yuan (+21.51%), and shareholders' equity attributable to the listed company was 1.297 billion Yuan (-4.17%) Consolidated Balance Sheet Summary | Item | September 30, 2022 (RMB) | January 1, 2022 (RMB) | | :--- | :--- | :--- | | Total Assets | 3,983,990,106.92 | 3,394,800,789.32 | | Total Liabilities | 2,656,558,785.22 | 2,186,274,522.13 | | Total Equity Attributable to Parent Company Shareholders | 1,296,805,351.95 | 1,353,263,786.33 | | Total Shareholders' Equity | 1,327,431,321.70 | 1,208,526,267.19 | Consolidated Income Statement In the first three quarters of 2022, total operating revenue reached 1.461 billion Yuan (+87.30%), but total operating costs were 1.519 billion Yuan (+84.43%), leading to a net loss of -81.64 million Yuan attributable to parent company shareholders Consolidated Income Statement Summary | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | I. Total Operating Revenue | 1,461,498,381.13 | 780,290,745.21 | | II. Total Operating Costs | 1,519,241,212.07 | 823,776,850.53 | | III. Operating Profit | -60,651,425.87 | -4,489,870.13 | | IV. Total Profit | -84,075,425.29 | -4,816,466.90 | | V. Net Profit | -92,327,702.72 | -7,226,311.43 | | Net Profit Attributable to Parent Company Shareholders | -81,637,111.67 | 3,240,884.80 | | Basic Earnings Per Share | -0.1126 | 0.0047 | Consolidated Cash Flow Statement In the first three quarters of 2022, net cash flow from operating activities was -145 million Yuan (improved from -297 million Yuan), with net cash outflow from investing activities at 111 million Yuan, and net cash inflow from financing activities at 228 million Yuan, ending with 253 million Yuan in cash and equivalents Consolidated Cash Flow Statement Summary | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -145,439,714.88 | -296,969,610.07 | | Net Cash Flow from Investing Activities | -110,830,218.50 | -365,037,272.39 | | Net Cash Flow from Financing Activities | 227,967,686.72 | 642,223,920.60 | | Net Increase in Cash and Cash Equivalents | -28,244,140.73 | -19,840,079.07 | | Cash and Cash Equivalents at Period End | 253,138,687.17 | 189,735,961.59 | Audit Information The company's 2022 third-quarter report was unaudited - The company's third-quarter report was unaudited[27]