泉为科技(300716) - 2023 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators The company's Q3 and YTD 2023 performance significantly declined, marked by revenue drops, a shift to net loss, and a substantial decrease in shareholder equity Key Financial Indicators for Q1-Q3 2023 | Indicator | Current Period (Q3) | YoY Change (Q3) | Year-to-Date (Q1-Q3) | YoY Change (YTD) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (CNY) | 191,843,030.47 | -34.09% | 890,564,466.87 | -11.12% | | Net Profit Attributable to Shareholders (CNY) | -29,452,251.20 | -123.38% | -107,977,466.20 | -174.11% | | Net Cash Flow from Operating Activities (CNY) | -- | -- | 146,444,880.29 | 48.61% | | Basic EPS (CNY/share) | -0.1841 | -123.38% | -0.6748 | -174.15% | Key Balance Sheet Items at Period End | Indicator | Current Period End | Previous Year End | Change from Previous Year End | | :--- | :--- | :--- | :--- | | Total Assets (CNY) | 1,557,140,980.04 | 1,369,562,322.02 | 13.70% | | Total Equity Attributable to Shareholders (CNY) | 182,161,020.11 | 289,679,279.86 | -37.12% | - Significant changes occurred in balance sheet items - Inventory: Significantly decreased due to subsidiary disposal, reducing its proportion of total assets from 17.92% to 8.62%[7][8] - Fixed Assets: Significantly increased due to the capitalization of construction in progress at subsidiary Shandong Quanwei, raising its proportion of total assets from 20.06% to 25.75%[7][8] - Construction in Progress: Surged due to investment in subsidiary Anhui Quanwei's plant construction, increasing its proportion of total assets from 0.88% to 18.50%[7][8] - Short-term Borrowings: Substantially decreased, reducing its proportion of total assets from 20.90% to 9.33%[7][8] - Long-term Borrowings: Increased due to new bank borrowings, raising its proportion of total assets from 1.69% to 5.15%[7][8] Non-Recurring Gains and Losses Items and Amounts Year-to-date non-recurring gains and losses totaled CNY 15.24 million, primarily from non-current asset disposals, partially offsetting operating losses Details of Non-Recurring Gains and Losses (Year-to-Date) | Item | Amount Year-to-Date (CNY) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 22,203,694.35 | | Government Grants Included in Current Profit and Loss | 4,040,603.60 | | Other Non-operating Income and Expenses | -5,958,358.88 | | Total | 15,241,164.22 | Shareholder Information Common Shareholder Holdings As of the reporting period end, the company had 10,312 common shareholders, with the top two holding a combined 22% as parties acting in concert, and the largest shareholder having pledged equity - At the end of the reporting period, the company had 10,312 common shareholders[10] Top Five Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Guangdong Guoli Technology Holdings Co., Ltd. | Domestic Non-state-owned Legal Person | 12.00% | 19,202,400 | | Quanwei Green Energy Investment (Hainan) Co., Ltd. | Domestic Non-state-owned Legal Person | 10.00% | 16,002,000 | | Ge Xuyan | Domestic Natural Person | 5.09% | 8,142,495 | | Chen ZeWei | Domestic Natural Person | 5.00% | 8,005,000 | | Dongguan Shenghao Weiye Investment Co., Ltd. | Domestic Non-state-owned Legal Person | 3.37% | 5,394,299 | - The largest shareholder, Guangdong Guoli Technology Holdings Co., Ltd., pledged 9,290,000 shares[10] - The top two shareholders, Quanwei Green Energy Investment (Hainan) Co., Ltd. and Guangdong Guoli Technology Holdings Co., Ltd., are parties acting in concert[11] Other Significant Matters Other Significant Matters The company received an Advance Notice of Administrative Penalty from the CSRC for alleged information disclosure violations and completed a change in its General Manager and Legal Representative in September 2023 - The company was investigated by the China Securities Regulatory Commission for alleged information disclosure violations in its 2019-2020 trade business and received an Advance Notice of Administrative Penalty in August 2023[12] - On September 28, 2023, Mr. Lei Xinyue was appointed as the company's General Manager and new Legal Representative, with industrial and commercial change registration completed[13] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2023, total assets increased to CNY 1.557 billion, liabilities to CNY 1.215 billion, while parent company equity significantly decreased by 37.12% to CNY 182 million due to operating losses Key Balance Sheet Item Changes | Item | September 30, 2023 (CNY) | January 1, 2023 (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,557,140,980.04 | 1,369,562,322.02 | 13.70% | | Total Liabilities | 1,214,543,762.02 | 1,008,263,085.45 | 20.46% | | Total Equity Attributable to Parent Company | 182,161,020.11 | 289,679,279.86 | -37.12% | | Construction in Progress | 288,125,148.05 | 12,119,881.85 | 2277.31% | | Retained Earnings | -463,648,657.50 | -355,671,191.30 | -30.36% | Consolidated Income Statement (Year-to-Date) For Q1-Q3 2023, operating revenue decreased by 11.12% to CNY 891 million, resulting in an operating loss of CNY 115 million and a net loss attributable to parent company shareholders of CNY 108 million Key Income Statement Items (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 890,564,466.87 | 1,002,011,124.50 | -11.12% | | Total Operating Costs | 1,015,277,891.78 | 990,724,356.37 | 2.48% | | Operating Profit | -114,774,489.12 | 153,873,237.10 | -174.59% | | Net Profit Attributable to Parent Company Shareholders | -107,977,466.20 | 145,700,630.92 | -174.11% | | Basic EPS | -0.6748 | 0.91 | -174.15% | Consolidated Cash Flow Statement (Year-to-Date) For Q1-Q3 2023, operating cash flow increased by 48.61% to CNY 146 million, but significant investments led to a CNY 367 million net outflow from investing activities, reducing cash and cash equivalents to CNY 28.23 million Key Cash Flow Statement Items (Year-to-Date) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 146,444,880.29 | 98,543,813.54 | | Net Cash Flow from Investing Activities | -366,747,810.64 | 373,687,751.58 | | Net Cash Flow from Financing Activities | 179,481,058.67 | -402,933,787.51 | | Net Increase in Cash and Cash Equivalents | -41,155,231.43 | 69,277,749.14 | - Net cash outflow from investing activities was primarily due to CNY 419 million in cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets, compared to only CNY 57 million in the prior year[22]