建科院(300675) - 2023 Q3 - 季度财报

Report Overview Important Notice This report emphasizes that the Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of disclosed information, and states that this quarterly report is unaudited - The Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, with no false records, misleading statements, or major omissions[2][3] - The company's responsible person, head of accounting, and head of accounting department declare to guarantee the truthfulness, accuracy, and completeness of the financial information in the quarterly report[3] - This third-quarter report is unaudited[4] Key Financial Data Key Accounting Data and Financial Indicators The company's key financial indicators for Q3 2023 and year-to-date show significant declines in both operating revenue and net profit, with net profit attributable to shareholders sharply decreasing by 95.25% YoY in Q3 and shifting from profit to loss year-to-date, down 369.39% Key Accounting Data and Financial Indicators for Q3 2023 and Year-to-Date | Indicator | Current Reporting Period (Yuan) | YoY Change in Current Reporting Period | Year-to-Date (Yuan) | YoY Change Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 103,236,844.10 | -31.83% | 265,138,863.19 | -15.28% | | Net Profit Attributable to Shareholders of the Listed Company | 1,528,053.74 | -95.25% | -43,203,111.44 | -369.39% | | Net Profit Attributable to Shareholders of the Listed Company, Excluding Non-recurring Gains and Losses | -2,673,194.15 | -110.59% | -50,574,452.94 | -1,062.06% | | Net Cash Flow from Operating Activities | - | - | -65,400,624.54 | -35.14% | | Basic Earnings Per Share (Yuan/share) | 0.0104 | -95.26% | -0.2946 | -369.53% | | Weighted Average Return on Net Assets | 0.28% | decreased by 6.19 percentage points | -7.52% | decreased by 10.51 percentage points | | Total Assets (End of Period) | 1,308,666,712.69 | -5.65% (Compared to End of Previous Year) | | | | Owners' Equity Attributable to Shareholders of the Listed Company (End of Period) | 542,503,370.47 | -9.86% (Compared to End of Previous Year) | | | Explanation of Accounting Policy Changes Effective January 1, 2023, the company changed its accounting policy for deferred income tax in accordance with the Ministry of Finance's 'Interpretation No. 16 of Accounting Standards for Business Enterprises,' with no expected material impact on financial reports - Effective January 1, 2023, the company changed its accounting policy in accordance with 'Interpretation No. 16 of Accounting Standards for Business Enterprises,' concerning deferred income tax treatment for assets and liabilities arising from single transactions[6] - This accounting policy change does not require shareholder approval and is not expected to have a material impact on the company's financial reports[6] Non-recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses were 4,201,247.89 Yuan, and 7,371,341.50 Yuan year-to-date, primarily from government subsidies and non-operating income Non-recurring Gains and Losses Items and Amounts | Item | Amount for Current Reporting Period (Yuan) | Amount Year-to-Date (Yuan) | Description | | :--- | :--- | :--- | :--- | | Gains and losses from disposal of non-current assets | -14,818.86 | 399,199.85 | Gains and losses from disposal of non-current assets | | Government subsidies recognized in current profit and loss | 1,556,899.43 | 4,767,552.46 | Mainly due to deferred income carry-forward and one-time government subsidies | | Reversal of impairment provisions for receivables subject to separate impairment testing | | 2,517.80 | Mainly due to recovery of accounts receivable | | Other non-operating income and expenses apart from the above | 3,593,507.46 | 3,645,721.54 | | | Less: Income tax impact | 957,914.27 | 1,448,773.20 | | | Impact on minority interests (after tax) | -23,574.13 | -5,123.05 | | | Total | 4,201,247.89 | 7,371,341.50 | -- | - The company has not classified non-recurring gains and losses as recurring gains and losses[9] Changes and Reasons for Key Accounting Data and Financial Indicators Several financial indicators showed significant changes, with cash and cash equivalents decreasing by 61.38% primarily due to operating cash outflows and asset acquisitions; short-term borrowings increased by 62.75% to meet operational needs; R&D expenses rose by 7.65 million Yuan YoY, and financial expenses by 9.87 million Yuan YoY, leading to substantial declines in operating profit and net profit - Cash and cash equivalents decreased by 61.38% from the beginning of the period, mainly due to net operating cash outflows, asset acquisitions, loan repayments, interest payments, and payments for entrusted construction projects[10] - Short-term borrowings increased by 62.75% from the beginning of the period, mainly due to increased working capital loans for production and operations[10] - R&D expenses increased by 7.65 million Yuan YoY, primarily due to increased direct investments in R&D personnel, materials, and asset depreciation and amortization during the period[10] - Financial expenses increased by 9.87 million Yuan YoY, mainly due to the capitalization of long-term borrowing interest expenses after the completion and acceptance of the Future Building[10] - Operating profit decreased by 65.05 million Yuan YoY, and net profit decreased by 57.47 million Yuan YoY, primarily due to increased labor costs, fixed expenditures, asset depreciation and amortization, financial interest expenses, and reduced other income and investment income[10][11] - Net cash flow from financing activities increased by 58.27 million Yuan YoY, mainly due to an increase in working capital loans during the period[11] Shareholder Information Total Common Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 17,770 common shareholders. Among the top ten shareholders, Shenzhen Capital Operation Group Co., Ltd. held the largest stake at 42.86%, with no related party relationships or concerted actions among the top three shareholders - The total number of common shareholders at the end of the reporting period was 17,770[12] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | | :--- | :--- | :--- | :--- | | Shenzhen Capital Operation Group Co., Ltd. | State-owned Legal Person | 42.86% | 62,857,143 | | Shenzhen Jianke Investment Co., Ltd. | Domestic Non-state-owned Legal Person | 5.92% | 8,687,800 | | Zhongguancun Development Group Co., Ltd. | State-owned Legal Person | 3.95% | 5,794,149 | | CITIC Securities Co., Ltd. | State-owned Legal Person | 0.51% | 744,126 | | Shenzhen Huahexing Electromechanical Environmental Protection Co., Ltd. | Domestic Non-state-owned Legal Person | 0.38% | 551,000 | | Guotai Junan Securities Co., Ltd. | State-owned Legal Person | 0.37% | 544,965 | | China International Capital Corporation Hong Kong Asset Management Limited－CICCFT8（QFII） | Foreign Legal Person | 0.37% | 541,200 | | Yuan Tieyi | Domestic Natural Person | 0.33% | 487,800 | | Xu Qifu | Domestic Natural Person | 0.33% | 480,000 | | Liang Hao | Domestic Natural Person | 0.32% | 463,400 | - There are no related party relationships or concerted actions among the company's top 3 shareholders[12] Other Significant Matters Other Significant Matters The company had no other significant matters requiring disclosure during the reporting period - The company has no other significant matters requiring disclosure[14] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2023, total assets were 1,308,666,712.69 Yuan, a 5.65% decrease from the beginning of the year; owners' equity attributable to the parent company was 542,503,370.47 Yuan, a 9.86% decrease, with significant reductions in cash and cash equivalents and increases in development expenditures and deferred income tax assets Key Consolidated Balance Sheet Data (September 30, 2023 vs January 1, 2023) | Item | September 30, 2023 (Yuan) | January 1, 2023 (Yuan) | Change (Yuan) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 63,226,703.21 | 163,732,422.48 | -100,505,719.27 | | Notes Receivable | 2,070,000.00 | 0 | +2,070,000.00 | | Development Expenditures | 3,943,974.86 | 0 | +3,943,974.86 | | Deferred Income Tax Assets | 28,742,960.63 | 18,605,887.52 | +10,137,073.11 | | Short-term Borrowings | 194,605,261.50 | 119,576,178.89 | +75,029,082.61 | | Employee Benefits Payable | -2,512,732.76 | 32,850,864.73 | -35,363,597.49 | | Total Liabilities | 739,867,947.91 | 759,311,494.48 | -19,443,546.57 | | Total Owners' Equity Attributable to Parent Company | 542,503,370.47 | 601,839,818.91 | -59,336,448.44 | | Total Assets | 1,308,666,712.69 | 1,387,042,231.08 | -78,375,518.39 | Consolidated Income Statement from Year Start to End of Reporting Period As of the end of the reporting period, total operating revenue decreased by 15.28% YoY to 265,138,863.19 Yuan, net profit shifted from profit to loss at -40,057,452.25 Yuan, net profit attributable to parent company shareholders was -43,203,111.44 Yuan, and basic EPS was -0.2946 Yuan Key Consolidated Income Statement Data (Year-to-Date) | Item | Amount for Current Period (Yuan) | Amount for Prior Period (Yuan) | Change (Yuan) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 265,138,863.19 | 312,946,859.57 | -47,807,996.38 | | Total Operating Costs | 311,099,743.21 | 308,176,297.67 | +2,923,445.54 | | Research and Development Expenses | 29,894,489.50 | 22,246,828.68 | +7,647,660.82 | | Financial Expenses | 11,065,026.10 | 1,191,308.61 | +9,873,717.49 | | Operating Profit | -49,907,035.54 | 15,138,690.33 | -65,045,725.87 | | Total Profit | -46,042,725.13 | 18,078,909.96 | -64,121,635.09 | | Net Profit | -40,057,452.25 | 17,416,292.54 | -57,473,744.79 | | Net Profit Attributable to Parent Company Shareholders | -43,203,111.44 | 16,037,341.70 | -59,240,453.14 | | Basic Earnings Per Share | -0.2946 | 0.1093 | -0.4039 | Consolidated Cash Flow Statement from Year Start to End of Reporting Period As of the end of the reporting period, net cash flow from operating activities was -65,400,624.54 Yuan, a 35.14% YoY decrease; net cash flow from investing activities was -22,772,733.03 Yuan; net cash flow from financing activities was 20,990,398.56 Yuan, shifting from negative to positive. The net increase in cash and cash equivalents was -67,182,959.01 Yuan Key Consolidated Cash Flow Statement Data (Year-to-Date) | Item | Amount for Current Period (Yuan) | Amount for Prior Period (Yuan) | Change (Yuan) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -65,400,624.54 | -48,393,238.35 | -17,007,386.19 | | Net Cash Flow from Investing Activities | -22,772,733.03 | -18,795,671.74 | -3,977,061.29 | | Net Cash Flow from Financing Activities | 20,990,398.56 | -37,278,330.90 | +58,268,729.46 | | Net Increase in Cash and Cash Equivalents | -67,182,959.01 | -104,467,240.99 | +37,284,281.98 | | Cash and Cash Equivalents at End of Period | 60,953,871.91 | 104,347,151.80 | -43,393,279.89 | Explanation of Adjustments for New Accounting Standards Effective January 1, 2023, the company first adopted the deferred income tax provisions of 'Interpretation No. 16 of Accounting Standards for Business Enterprises,' retrospectively adjusting related items in the opening consolidated balance sheet and the Q3 2022 consolidated income statement, primarily impacting deferred income tax assets, liabilities, and retained earnings - Effective January 1, 2023, the company adopted the deferred income tax provisions of the Ministry of Finance's 'Interpretation No. 16 of Accounting Standards for Business Enterprises'[23] Impact of Adjustments on Consolidated Balance Sheet as of January 1, 2023 | Item | December 31, 2022 (Yuan) | January 1, 2023 (Yuan) | Impact Amount (Yuan) | | :--- | :--- | :--- | :--- | | Deferred Income Tax Assets | 13,797,526.98 | 18,605,887.52 | 4,808,360.54 | | Deferred Income Tax Liabilities | 264,391.16 | 4,155,051.14 | 3,890,659.98 | | Retained Earnings | 293,612,649.60 | 294,530,350.16 | 917,700.56 | | Total Owners' Equity Attributable to Parent Company | 600,922,118.35 | 601,839,818.91 | 917,700.56 | Impact of Adjustments on Consolidated Income Statement for Q3 2022 | Item | Q3 2022 Before Change (Yuan) | Q3 2022 After Change (Yuan) | Impact Amount (Yuan) | | :--- | :--- | :--- | :--- | | Income Tax Expense | 492,595.31 | 662,617.42 | 170,022.11 | | Net Profit | 17,586,314.65 | 17,416,292.54 | -170,022.11 | Audit Report This quarterly report is unaudited - The company's third-quarter report is unaudited[26]