中兰环保(300854) - 2022 Q3 - 季度财报

Key Financial Data This section presents the company's key financial data, including significant changes in revenue, net profit, and cash flow for the reporting period Key Accounting Data and Financial Indicators In the first three quarters of 2022, the company achieved year-on-year revenue growth, but net profit attributable to shareholders of the listed company significantly declined by 79.67%, with the third quarter alone showing a 27.36% revenue decrease and a shift from profit to loss, indicating significant pressure on profitability Key Financial Indicators for the First Three Quarters of 2022 | Indicator | Year-to-Date | Year-on-Year Change from Beginning of Year to End of Reporting Period | | :--- | :--- | :--- | | Operating Revenue (Yuan) | 496,662,357.70 | 10.33% | | Net Profit Attributable to Shareholders of Listed Company (Yuan) | 15,304,130.72 | -79.67% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains and Losses) (Yuan) | 33,701,975.85 | -6.83% | | Net Cash Flow from Operating Activities (Yuan) | -60,022,362.52 | -30.88% | | Basic Earnings Per Share (Yuan/share) | 0.15 | -85.15% | | Weighted Average Return on Net Assets | 1.60% | -9.36% | Key Financial Indicators for Q3 2022 | Indicator | Current Reporting Period | Year-on-Year Change from Prior Period | | :--- | :--- | :--- | | Operating Revenue (Yuan) | 135,850,238.33 | -27.36% | | Net Profit Attributable to Shareholders of Listed Company (Yuan) | -6,674,438.10 | -115.50% | Non-recurring Gains and Losses and Amounts The company's significant net profit decline in the first three quarters of 2022 was primarily due to non-recurring losses totaling 18.40 million Yuan, with fair value changes from financial assets held for trading (Salt Lake Co. shares) accounting for 16.34 million Yuan of this loss Non-recurring Gains and Losses Items from Beginning of Year to End of Reporting Period | Item | Amount from Beginning of Year to End of Reporting Period (Yuan) | Explanation | | :--- | :--- | :--- | | Gains and Losses from Disposal of Non-current Assets | 618,876.52 | - | | Government Grants | 1,033,035.62 | - | | Gains and Losses from Fair Value Changes of Financial Assets Held for Trading | -16,342,836.88 | Primarily due to the decline in share price of Salt Lake Co. (SZ.000792) shares | | Total | -18,397,845.13 | -- | Analysis of Changes in Key Financial Data and Indicators During the reporting period, the significant decline in the company's net profit was primarily due to substantial fair value losses from the decline in Salt Lake Co. share price and increased credit and asset impairment losses caused by slower customer settlements and payments, alongside notable changes in balance sheet items like financial assets held for trading and long-term receivables - Net profit decreased by 82.03% year-on-year, primarily due to: 1) Significant fair value losses from the decline in Salt Lake Co. share price; 2) Increased credit and asset impairment losses due to slower customer collections[10] - Fair value change income decreased by 153.68% year-on-year, shifting from a 34.82 million Yuan gain in the prior period to an 18.69 million Yuan loss, mainly due to the decline in Salt Lake Co. share price[10] - Total credit impairment losses and asset impairment losses increased by approximately 12 million Yuan compared to the prior year, primarily due to increased provision for bad debts on accounts receivable and contract assets[10] - Financial assets held for trading decreased by 78.43% from the beginning of the year, mainly due to the redemption of bank wealth management products and the decline in share price of held stocks[9] Shareholder Information This section provides an overview of the company's shareholding structure, including major shareholders and changes in restricted shares Common Shareholding Information The company's equity structure is relatively concentrated, with the top three shareholders, Ge Fang, Kong Xiongjun, and Liu Qingsong, collectively holding over 48% of shares, and Ge Fang and Kong Xiongjun, as spouses and concerted parties, exert significant control, while some institutional shareholders also have associated relationships Top Three Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Ge Fang | Domestic Individual | 23.06% | 22,847,500 | | Kong Xiongjun | Domestic Individual | 13.73% | 13,601,500 | | Liu Qingsong | Domestic Individual | 11.66% | 11,550,000 | - Shareholders Ge Fang and Kong Xiongjun are spouses and form a concerted action relationship with Shenzhen Zhonglan Futong Investment Partnership (Limited Partnership), which is effectively controlled by Kong Xiongjun[13][14] Changes in Restricted Shares During the reporting period, 21,492,500 shares issued before the initial public offering were released from restriction on September 16, 2022, while shares held by major shareholders like Ge Fang and Kong Xiongjun remain restricted and are scheduled for release on September 16, 2024 - A total of 21,492,500 restricted shares were released from restriction in the current period, primarily shares issued before the initial public offering, with an unrestricted date of September 16, 2022[16] - Restricted shares held by controlling shareholders Ge Fang, Kong Xiongjun, and others are scheduled to be released from restriction on September 16, 2024[16] Other Significant Matters The company plans to change the implementation method for its 'Engineering Test Center' fundraising investment project from self-construction to joint development through industry-university-research collaboration, aiming to integrate external resources, reduce construction costs, and concentrate funds on project R&D to enhance fundraising efficiency, pending shareholder approval - The company intends to change the 'Engineering Test Center' fundraising project from self-construction to joint development through industry-university-research collaboration to integrate resources, reduce leasing and renovation costs, and concentrate funds on R&D[18] Quarterly Financial Statements This section presents the company's consolidated quarterly financial statements, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of September 30, 2022, the company's total assets were 1.531 billion Yuan, a slight increase of 0.13% from the beginning of the year, with significant decreases in financial assets held for trading offset by increases in long-term receivables, inventories, and intangible assets, while the liability structure remained stable with a low overall asset-liability ratio Balance Sheet End-of-Period Data | Item | September 30, 2022 (Yuan) | Change from Beginning of Year | | :--- | :--- | :--- | | Total Assets | 1,530,775,790.26 | 0.13% | | Total Equity Attributable to Shareholders of Listed Company | 949,362,823.16 | 0.05% | Consolidated Income Statement (Year-to-Date) The 2022 first three quarters' income statement shows that despite a 10.33% year-on-year increase in operating revenue, significant fair value change losses and increased credit and asset impairment losses led to a substantial year-on-year decline of over 80% in both operating profit and net profit Key Income Statement Data for the First Three Quarters of 2022 | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 496,662,357.70 | 450,157,635.38 | | Operating Profit | 16,852,608.44 | 92,986,992.64 | | Total Profit | 16,075,466.35 | 92,993,319.67 | | Net Profit | 14,450,504.32 | 80,402,644.95 | Consolidated Cash Flow Statement (Year-to-Date) In the first three quarters of 2022, net cash flow from operating activities was -60.02 million Yuan, an improvement from -86.83 million Yuan in the prior period, primarily due to increased sales collections, while investing activities generated 116.01 million Yuan in net cash inflow, and financing activities resulted in a 21.25 million Yuan net outflow due to dividend payments compared to prior year's IPO proceeds Key Cash Flow Statement Data for the First Three Quarters of 2022 | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -60,022,362.52 | -86,834,164.55 | | Net Cash Flow from Investing Activities | 116,009,774.15 | 78,857,925.27 | | Net Cash Flow from Financing Activities | -21,245,199.47 | 217,437,696.88 |