天地数码(300743) - 2023 Q1 - 季度财报

Major Financial Data and Analysis This section provides an overview of the company's key financial performance and position Core Financial Indicators In Q1 2023, operating revenue slightly decreased by 2.51%, while net profit attributable to shareholders significantly grew by 46.89%, driven by cost control and non-operating income, with operating cash flow turning positive Q1 2023 Major Financial Indicators | Indicator | Current Period | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | Operating Revenue (Yuan) | 141,218,398.68 | 144,847,100.56 | -2.51% | | Net Profit Attributable to Shareholders (Yuan) | 10,849,647.86 | 7,385,999.49 | 46.89% | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains/Losses (Yuan) | 9,610,773.70 | 6,705,944.83 | 43.32% | | Net Cash Flow from Operating Activities (Yuan) | 9,613,042.00 | -15,648,839.79 | 161.43% | | Basic Earnings Per Share (Yuan/share) | 0.08 | 0.0538 | 48.70% | | Weighted Average Return on Net Assets | 2.40% | 1.87% | 0.53% | Analysis of Non-recurring Gains and Losses Non-recurring gains and losses totaled 1.239 million Yuan, positively impacting net profit, mainly from fair value changes in forward foreign exchange and wealth management losses Q1 2023 Non-recurring Gains and Losses Items | Item | Amount for Current Period (Yuan) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 6,018.86 | | Government Grants Included in Current Profit/Loss | 294,245.07 | | Gains/Losses from Entrusted Investments or Asset Management | -1,203,848.38 | | Gains/Losses from Fair Value Changes of Trading Financial Assets/Liabilities and Investment Income | 1,994,660.00 | | Other Non-operating Income and Expenses | 29,683.01 | | Less: Income Tax Impact | -118,115.60 | | Total | 1,238,874.16 | Significant Changes in Financial Indicators and Their Causes Multiple financial indicators showed significant changes, including substantial increases in accounts receivable financing and construction in progress, a surge in financial expenses, a sharp decline in investment income, and significant improvements in operating and investing cash flows - Financial expenses surged by 1,913.21% year-on-year, primarily due to increased exchange losses and convertible bond interest accruals in the current period[8] - Investment income decreased by 317.59% year-on-year, mainly due to investment losses from forward foreign exchange settlement in the current period[8] - Net cash flow from operating activities significantly increased by 161.43% year-on-year, primarily due to increased cash received from sales of goods and provision of services in the current period[8] - Net cash flow from investing activities increased by 560.65% year-on-year, turning positive, mainly because the company's redemption of matured wealth management products exceeded purchases[8] - Net cash flow from financing activities decreased by 103.84% year-on-year, turning negative, primarily due to the repayment of some borrowings[8] Shareholder Information This section details the company's shareholder structure and major holdings Major Shareholder Holdings The company's equity structure is relatively concentrated, with the top three shareholders, who are co-actual controllers, holding a combined 34.62% of shares, and some shares held by Han Qiong are pledged - The company's actual controllers are Liu Jianhai, Pan Pudun, and Han Qiong, who have signed a "Joint Control Agreement"[11] Top Three Shareholder Holdings | Shareholder Name | Holding Percentage | Number of Shares Held | Pledge Status | | :--- | :--- | :--- | :--- | | Liu Jianhai | 12.27% | 16,981,261 | None | | Pan Pudun | 12.23% | 16,925,939 | None | | Han Qiong | 10.12% | 14,014,049 | Pledged 5,216,000 shares | Other Significant Matters The company disclosed the conversion and interest payment status of "Tiandi Convertible Bonds" and the exercise progress of its stock option incentive plan, with approximately 172 million Yuan of bonds remaining unconverted - In Q1 2023, 110 "Tiandi Convertible Bonds" were converted into a total of 892 company shares. As of March 31, 2023, the remaining principal amount of convertible bonds was 171,942,800 Yuan[13] - On March 14, 2023, the company paid the first year's interest on "Tiandi Convertible Bonds," distributing 5.00 Yuan (tax inclusive) per 10 bonds (face value 1,000 Yuan)[13] - Under the company's 2020 Stock Option and Restricted Stock Incentive Plan, 68,903 shares from the initial grant of stock options were exercised independently this quarter[14] Quarterly Financial Statements This section presents the company's consolidated financial statements for the quarter Consolidated Balance Sheet As of Q1 2023, total assets were 899 million Yuan, a slight increase of 0.51%, while total liabilities decreased by 2.40% to 438 million Yuan, and owners' equity attributable to shareholders grew by 3.45% to 460 million Yuan Key Balance Sheet Items | Item | Period-end Balance (Yuan) | Year-start Balance (Yuan) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 898,542,987.49 | 893,949,030.72 | 0.51% | | Total Liabilities | 438,233,093.55 | 449,005,986.20 | -2.40% | | Total Owners' Equity Attributable to Parent Company | 460,309,893.94 | 444,943,044.52 | 3.45% | Consolidated Income Statement In Q1 2023, operating revenue was 141 million Yuan, a slight decrease of 2.51%, while operating costs decreased by 14.45%, and net profit attributable to shareholders reached 10.85 million Yuan, growing by 46.89% Key Income Statement Items | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 141,218,398.68 | 144,847,100.56 | -2.51% | | Operating Cost | 94,832,652.14 | 110,851,511.90 | -14.45% | | Financial Expenses | 5,703,142.49 | 283,286.20 | 1913.21% | | Total Profit | 13,336,344.13 | 7,752,719.53 | 72.02% | | Net Profit Attributable to Parent Company Owners | 10,849,647.86 | 7,385,999.49 | 46.89% | Consolidated Cash Flow Statement In Q1 2023, cash flow significantly improved, with operating cash flow turning positive to 9.61 million Yuan, investing activities generating a net inflow of 15.60 million Yuan, and financing activities showing a net outflow of 6.79 million Yuan, resulting in a net increase of 21.96 million Yuan in cash and cash equivalents Key Cash Flow Statement Items | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 9,613,042.00 | -15,648,839.79 | | Net Cash Flow from Investing Activities | 15,602,790.45 | -3,387,120.83 | | Net Cash Flow from Financing Activities | -6,792,466.80 | 177,099,885.63 | | Net Increase in Cash and Cash Equivalents | 21,957,036.04 | 161,441,089.58 | Audit Opinion This quarterly financial report is unaudited - The company's Q1 2023 report is unaudited[24]