和顺科技(301237) - 2022 Q3 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q3 2022 and year-to-date, the company experienced significant performance declines, with Q3 revenue down 37.36% and net profit attributable to shareholders down 71.36%, while total assets and equity grew substantially due to IPO proceeds Key Financial Indicators for Q3 2022 and Year-to-Date | Indicator | Current Period (Q3) | YoY Change (Current Period) | Year-to-Date (YTD) | YoY Change (YTD) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 102,891,381.02 | -37.36% | 413,860,911.09 | -12.06% | | Net Profit Attributable to Shareholders (RMB) | 8,095,947.86 | -71.36% | 58,683,719.69 | -41.53% | | Net Cash Flow from Operating Activities (RMB) | -- | -- | 23,958,498.66 | -44.60% | | Basic Earnings Per Share (RMB/share) | 0.1012 | -78.52% | 0.8002 | -52.16% | | Asset Status | Current Period End | Prior Year End | Change from Prior Year End | | | Total Assets (RMB) | 1,594,058,850.29 | 662,013,939.69 | 140.79% | | | Shareholders' Equity Attributable to Parent (RMB) | 1,493,149,175.47 | 472,390,521.68 | 216.08% | | Non-recurring Gains and Losses Items and Amounts Year-to-date non-recurring gains and losses totaled 7.88 million RMB, primarily from fair value changes of financial assets and government subsidies Year-to-Date Non-recurring Gains and Losses Items | Item | Year-to-Date Amount (RMB) | | :--- | :--- | | Government Subsidies | 3,590,600.03 | | Fair Value Change Gains/Losses and Investment Income from Trading Financial Assets/Liabilities | 5,682,208.33 | | Less: Income Tax Impact | 1,390,921.25 | | Total | 7,881,887.11 | Analysis of Major Financial Data Changes and Reasons Significant financial changes this period were driven by IPO proceeds, leading to multi-fold increases in cash, financial assets, and capital reserves, while revenue declined due to external factors and cash flow from financing surged Analysis of Major Balance Sheet Item Changes | Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Cash and Bank Balances | 524.86% | Primarily due to receipt of IPO proceeds | | Trading Financial Assets | Not Applicable | Primarily due to increased investment in wealth management products | | Construction in Progress | 248.25% | Primarily due to increased project investments | | Short-term Borrowings | -69.66% | Primarily due to loan repayments this period | | Capital Reserve | 882.01% | Primarily due to share premium from stock issuance this period | Analysis of Major Income Statement Item Changes (Year-to-Date) | Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | -12.06% | Primarily due to power rationing in Q3 and reduced end-customer demand affected by the pandemic | | Financial Expenses | -283.45% | Primarily due to increased interest income from IPO proceeds received this period | | Other Income | 104.39% | Primarily due to increased government subsidies received this period | Analysis of Major Cash Flow Statement Item Changes (Year-to-Date) | Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -44.60% | Primarily due to comprehensive changes in bank acceptance bills collected and accounts receivable this period | | Net Cash Flow from Investing Activities | 1305.66% | Primarily due to increased purchases of wealth management products and investments in the Renhe project | | Net Cash Flow from Financing Activities | -5346.30% | Primarily due to receipt of IPO proceeds this period | Shareholder Information Shareholder Ownership As of the reporting period, the company had 15,192 common shareholders, with highly concentrated ownership by the actual controllers and their affiliated entities, and all top ten shareholders hold restricted shares with no pledges - As of the reporting period, the company had a total of 15,192 common shareholders[13] - The company's actual controllers are Fan Heqiang, Zhang Jing, and their concerted action party Fan Shunhao, with Fan Heqiang and Zhang Jing also holding indirect stakes through Hangzhou Yihao Equity Investment Partnership[14] Top Ten Shareholders' Holdings | Shareholder Name | Shareholding Percentage | Number of Shares Held | Number of Restricted Shares Held | | :--- | :--- | :--- | :--- | | Fan Heqiang | 23.56% | 18,850,000 | 18,850,000 | | Zhang Jing | 12.69% | 10,150,000 | 10,150,000 | | Fan Shunhao | 10.00% | 8,000,000 | 8,000,000 | | Hangzhou Yuanning Huixin Investment Partnership | 5.88% | 4,700,000 | 4,700,000 | | Hangzhou Yihao Equity Investment Partnership | 3.75% | 3,000,000 | 3,000,000 | | Hangzhou Guangfeng Qihuo Equity Investment Partnership | 3.75% | 3,000,000 | 3,000,000 | | Chen Wei | 2.50% | 2,000,000 | 2,000,000 | | Hangzhou Jintou Zhiye Venture Capital Partnership | 1.88% | 1,500,000 | 1,500,000 | | Hu Jiandong | 1.51% | 1,207,800 | 1,000,000 | | Tonglu Zefu Tongjun Equity Investment Fund Partnership | 1.25% | 1,000,000 | 1,000,000 | Other Significant Matters The company had no other significant matters requiring disclosure during the reporting period - The company had no other significant matters requiring disclosure in this reporting period[15] Quarterly Financial Statements Financial Statements This section presents the consolidated balance sheet as of September 30, 2022, and the year-to-date consolidated income and cash flow statements, indicating significant asset expansion from IPO but facing operational performance pressure Consolidated Balance Sheet As of September 30, 2022, total assets reached 1.59 billion RMB, up 140.79% from year-end, and shareholders' equity grew 216.08% to 1.49 billion RMB, primarily due to IPO proceeds and optimized debt structure Key Consolidated Balance Sheet Items | Item | September 30, 2022 (RMB) | January 1, 2022 (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | Cash and Bank Balances | 336,820,646.17 | 53,903,343.18 | 524.86% | | Trading Financial Assets | 455,682,208.33 | 0.00 | Not Applicable | | Total Assets | 1,594,058,850.29 | 662,013,939.69 | 140.79% | | Short-term Borrowings | 30,530,680.56 | 100,631,060.42 | -69.66% | | Total Liabilities | 100,909,674.82 | 189,623,418.01 | -46.78% | | Capital Reserve | 1,111,234,589.33 | 113,159,655.23 | 882.01% | | Total Shareholders' Equity Attributable to Parent | 1,493,149,175.47 | 472,390,521.68 | 216.08% | Consolidated Income Statement (Year-to-Date) In the first three quarters of 2022, operating revenue decreased by 12.06% to 413.86 million RMB, and net profit attributable to parent company shareholders declined 41.53% to 58.68 million RMB, indicating weakened profitability Key Consolidated Income Statement Items (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 413,860,911.09 | 470,597,260.03 | -12.06% | | Operating Profit | 66,412,213.27 | 115,416,007.96 | -42.46% | | Total Profit | 66,402,213.27 | 115,418,662.83 | -42.47% | | Net Profit | 58,683,719.69 | 100,357,785.96 | -41.53% | | Net Profit Attributable to Parent Company Shareholders | 58,683,719.69 | 100,357,785.96 | -41.53% | | Basic Earnings Per Share | 0.8002 | 1.6726 | -52.16% | Consolidated Cash Flow Statement (Year-to-Date) In the first three quarters of 2022, net cash from operating activities decreased by 44.60% to 23.96 million RMB, while investment activities saw a 630.91 million RMB outflow, and financing activities generated an 891.97 million RMB inflow from IPO proceeds Consolidated Cash Flow Statement Summary (Year-to-Date) | Item | Current Period Amount (RMB) | Prior Period Amount (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 23,958,498.66 | 43,248,113.27 | -44.60% | | Net Cash Flow from Investing Activities | -630,907,525.55 | -44,883,346.08 | -1305.66% | | Net Cash Flow from Financing Activities | 891,970,512.62 | -17,001,910.59 | 5346.30% | | Net Increase in Cash and Cash Equivalents | 285,046,822.19 | -18,666,370.28 | 1627.06% | Audit Report The company's Q3 2022 report is unaudited - The company states its Q3 2022 financial report is unaudited[25][26]