万胜智能(300882) - 2021 Q3 - 季度财报

Main Financial Data Key Accounting Data and Financial Indicators The company's operating revenue and net profit attributable to shareholders declined in the first three quarters of 2021, while net cash flow from operating activities significantly improved Core Financial Indicators for Q1-Q3 and Q3 2021 | Indicator | Year-to-Date (2021 Q1-Q3) (CNY) | YoY Change | Current Period (2021 Q3) (CNY) | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 375,179,523.95 | -5.21% | 132,176,947.35 | 0.57% | | Net Profit Attributable to Shareholders | 52,666,091.34 | -19.63% | 13,949,598.01 | -29.76% | | Net Profit Attributable to Shareholders Excluding Non-recurring Gains/Losses | 46,894,290.75 | -21.44% | 12,462,639.49 | -35.46% | | Net Cash Flow from Operating Activities | -52,486,264.60 | 68.16% | - | - | | Basic EPS (CNY/share) | 0.26 | -33.33% | 0.07 | -41.67% | | Weighted Average ROE | 6.40% | -9.35% | 1.72% | -2.83% | - The company retrospectively adjusted prior-year basic earnings per share (EPS) due to an increase in total share capital from a capital reserve to share capital transfer (3 shares for every 10 shares)[5] Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses totaled CNY 5.77 million in Q1-Q3 2021, mainly from government grants and investment income, impacting adjusted net profit Non-recurring Gains and Losses Items for Q1-Q3 2021 | Item | Year-to-Date Amount (CNY) | | :--- | :--- | | Government Grants Recognized in Current Profit/Loss | 3,721,572.50 | | Investment Income from Financial Assets Held for Trading, etc | 3,036,652.92 | | Other Non-operating Income/Expenses and Disposal of Non-current Assets | -11,205.59 | | Income Tax Impact | -1,018,553.04 | | Total | 5,771,800.59 | Analysis of Major Financial Indicator Changes Significant changes across balance sheet, income statement, and cash flow items reflect strategic operational adjustments and policy impacts Balance Sheet Item Change Analysis Inventories, construction in progress, contract liabilities, and share capital all experienced significant increases as of the reporting period end Major Balance Sheet Changes (vs. Beginning of Year) | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Inventories | 305.08% | Increased raw material reserves to address chip and component supply shortages | | Construction in Progress | 163.26% | Increased investment in Xigong Industrial Park production base project and equipment | | Prepayments | 89.48% | Increased advance payments for purchases | | Contract Liabilities | 486.58% | Increased advance receipts for goods | | Other Current Liabilities | 3131.50% | Increased VAT output tax pending transfer | | Share Capital | 30.00% | Capital reserve transfer of 3 shares for every 10 shares | Income Statement Item Change Analysis In Q1-Q3 2021, financial expenses decreased significantly, investment income increased, and income tax expense declined due to R&D incentives Major Income Statement Changes (YoY) | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Financial Expenses | -200.23% | Increased interest income | | Investment Income | 118.47% | Increased income from cash management of idle raised funds | | Credit Impairment Losses | 63.40% | Reduced provision for bad debts | | Income Tax Expense | -46.95% | Implementation of R&D expense super deduction policy | Cash Flow Statement Item Change Analysis In Q1-Q3 2021, operating cash flow significantly improved, investing cash outflow decreased, and financing activities shifted to net outflow due to profit distribution Major Cash Flow Statement Changes (YoY) | Item | Change Percentage | Primary Reason | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 68.16% | Increased sales collection | | Net Cash Flow from Investing Activities | 76.84% | Recovery of structured wealth management deposits | | Net Cash Flow from Financing Activities | -113.66% | Received IPO proceeds in prior period, paid profit distribution in current period | Shareholder Information Shareholder Shareholding Status As of the reporting period end, the company had 21,779 common shareholders, with a concentrated equity structure and identified related party relationships among top shareholders - As of the end of the reporting period, the company had a total of 21,779 common shareholders[18] Top Five Shareholders' Shareholding Information | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held | | :--- | :--- | :--- | :--- | | Zhejiang Wansheng Holding Co., Ltd | Domestic Non-State-Owned Legal Person | 53.30% | 108,970,589 | | Tiantai Wansheng Zhihe Investment Partnership (Limited Partnership) | Domestic Non-State-Owned Legal Person | 8.23% | 16,822,000 | | Wu Yongqiang | Domestic Natural Person | 4.11% | 8,411,765 | | Zhou Hua | Domestic Natural Person | 4.11% | 8,411,764 | | Zhang Jianguang | Domestic Natural Person | 3.18% | 6,500,000 | - Related party relationships exist among the company's major shareholders: Zhou Hua and Zhou Yufei are brothers, both are sons of Chen Jinxiang, and Wu Yongqiang is Chen Jinxiang's son-in-law; Wu Yongqiang and Zhou Hua are concerted parties[19] Changes in Restricted Shares During the period, 6.5 million pre-IPO restricted shares were released, leading to a decrease in total restricted shares from 153 million to 147 million - During the reporting period, a total of 6,500,325 restricted shares were released[22] Restricted Share Movement | Item | Restricted Shares at Beginning of Period | Restricted Shares Released in Current Period | Restricted Shares at End of Period | | :--- | :--- | :--- | :--- | | Total | 153,323,300 | 6,500,325 | 146,822,975 | Other Significant Matters - During the reporting period, the company had no other significant matters requiring disclosure[23] Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2021, total assets and liabilities decreased, while total equity attributable to parent company owners slightly increased Balance Sheet Summary | Item | September 30, 2021 (CNY) | December 31, 2020 (CNY) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 1,062,992,823.57 | 1,100,562,299.65 | -3.41% | | Total Liabilities | 244,948,314.13 | 288,007,861.55 | -14.95% | | Total Equity Attributable to Parent Company Owners | 818,044,509.44 | 812,554,438.10 | 0.68% | Consolidated Income Statement In Q1-Q3 2021, total operating revenue and net profit attributable to shareholders decreased, while total operating costs slightly increased Income Statement Summary (Q1-Q3 2021) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Change | | :--- | :--- | :--- | :--- | | I. Total Operating Revenue | 375,179,523.95 | 395,815,673.99 | -5.21% | | II. Total Operating Costs | 328,944,189.92 | 324,260,062.46 | 1.44% | | III. Operating Profit | 58,101,021.51 | 76,025,223.95 | -23.58% | | IV. Total Profit | 58,090,648.11 | 75,758,712.81 | -23.32% | | V. Net Profit | 52,666,091.34 | 65,533,491.01 | -19.63% | | Basic EPS | 0.26 | 0.39 | -33.33% | Consolidated Cash Flow Statement In Q1-Q3 2021, operating cash flow significantly improved, while investing and financing activities resulted in net outflows, leading to a decrease in period-end cash and equivalents Cash Flow Statement Summary (Q1-Q3 2021) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -52,486,264.60 | -164,860,405.78 | | Net Cash Flow from Investing Activities | -60,061,371.36 | -259,339,154.63 | | Net Cash Flow from Financing Activities | -47,176,020.00 | 345,402,140.15 | | Net Increase in Cash and Cash Equivalents | -159,715,862.53 | -78,721,326.67 | | Cash and Cash Equivalents at Period-End | 247,114,433.25 | 275,360,727.03 | Financial Statement Adjustments and Audit Status The company adopted new lease standards prospectively from January 1, 2021, with no adjustments to opening financial statements, and this quarterly report remains unaudited - Effective January 1, 2021, the company adopted new lease standards using the prospective application method, requiring no adjustments to opening balance sheet items[37] - The company's 2021 third-quarter report is unaudited[39]