贤丰控股(002141) - 2023 Q1 - 季度财报(更正)

Important Notice Management guarantees report accuracy and completeness; financial information is affirmed; this quarterly report is unaudited Important Content Notice Management guarantees report accuracy and completeness; financial information is affirmed; this quarterly report is unaudited - The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions[2] - The company's principal, chief accountant, and head of accounting department declare the financial information in the quarterly report to be true, accurate, and complete[2] - This quarterly report is unaudited[3][22] Key Financial Data Q1 2023 saw significant declines in revenue and net profit, negative operating cash flow, and notable balance sheet shifts Key Accounting Data and Financial Indicators Q1 2023 saw significant declines in operating revenue and net profit, negative operating cash flow, and reduced EPS Key Accounting Data and Financial Indicators for Q1 2023 | Indicator | Current Period (CNY) | Prior Year Period (CNY) | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 20,891,494.35 | 274,449,534.28 | -92.39% | | Net Profit Attributable to Shareholders of the Listed Company | 1,281,203.21 | 17,608,180.89 | -92.72% | | Net Profit Attributable to Shareholders of the Listed Company (Excluding Non-recurring Gains/Losses) | -6,030,449.84 | -11,572,690.58 | 47.89% | | Net Cash Flow from Operating Activities | -6,182,905.64 | 7,385,550.42 | -183.72% | | Basic Earnings Per Share (CNY/share) | 0.0011 | 0.0155 | -92.90% | | Diluted Earnings Per Share (CNY/share) | 0.0011 | 0.0155 | -92.90% | | Weighted Average Return on Net Assets | 0.11% | 2.24% | -2.13% | | Period-End Indicators | End of Current Period (CNY) | End of Prior Year (CNY) | Change from Prior Year-End (%) | | Total Assets | 1,331,356,325.40 | 1,343,332,102.28 | -0.89% | | Total Equity Attributable to Shareholders of the Listed Company | 1,143,271,174.71 | 1,146,062,191.42 | -0.24% | Non-recurring Gains and Losses Items and Amounts Total non-recurring gains and losses were 7.31 million CNY, mainly from fair value changes in wealth management products Non-recurring Gains and Losses Items for Q1 2023 | Item | Amount for Current Period (CNY) | Explanation | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 2,477.88 | | | Gains/Losses from Changes in Fair Value of Financial Assets/Liabilities Held for Trading and Investment Income from Disposal | 7,362,341.90 | Primarily due to floating gains recognized from wealth management products held | | Other Non-operating Income and Expenses | -5,059.86 | | | Less: Income Tax Impact | 10,851.37 | | | Impact on Minority Interests (After Tax) | 37,255.50 | | | Total | 7,311,653.05 | | - The company has not classified any non-recurring gains and losses items listed in 'Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public – Non-recurring Gains and Losses' as recurring gains and losses[6] Changes and Reasons for Key Accounting Data and Financial Indicators Financial indicators changed significantly due to prior year's equity sale, increased fixed deposit interest, and wealth management gains Changes in Balance Sheet Items | Item | End of Current Period (CNY) | End of Prior Year (CNY) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 154,449,777.08 | 222,035,405.67 | -30.44% | Primarily due to transfer of some fixed deposits to wealth management products | | Prepayments | 4,285,921.32 | 7,822,111.74 | -45.21% | Primarily due to subsidiary's prior prepayments for goods offsetting current period purchases | | Other Receivables | 1,591,256.70 | 1,024,505.53 | 55.32% | Primarily due to subsidiary increasing petty cash for business needs | | Non-current Assets Due Within One Year | 1,686,521.55 | 3,050,975.75 | -44.72% | Primarily due to normal collection from subsidiary's finance lease business | | Other Current Assets | 1,213,954.29 | 921,939.81 | 31.67% | Primarily due to increased prepaid expenses in the current period | | Contract Liabilities | 14,643,103.05 | 7,415,346.12 | 97.47% | Primarily due to increased customer prepayments for purchases in the current period | | Employee Benefits Payable | 4,180,994.31 | 11,435,440.53 | -63.44% | Primarily due to the company paying employee benefits accrued at the end of last year | | Taxes Payable | 662,471.86 | 1,875,000.65 | -64.67% | Primarily due to payment of prior period VAT | | Other Comprehensive Income | 3,064,044.60 | 7,136,264.52 | -57.06% | Primarily due to decrease in foreign currency translation of subsidiary's financial statements due to exchange rate fluctuations | Changes in Income Statement Items | Item | Current Period Amount (CNY) | Prior Year Period Amount (CNY) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 20,891,494.35 | 274,449,534.28 | -92.39% | Primarily due to the sale of Zhuhai Rongsheng Super Micro Wire Co., Ltd. equity in the prior year, thus current period data does not include Zhuhai Rongsheng's figures | | Operating Cost | 10,352,091.08 | 249,424,255.51 | -95.85% | Same as above | | Taxes and Surcharges | 466,085.92 | 1,116,432.69 | -58.25% | Same as above | | Selling Expenses | 4,047,132.32 | 7,488,013.89 | -45.95% | Same as above | | Administrative Expenses | 14,201,628.42 | 21,452,835.75 | -33.80% | Same as above | | R&D Expenses | 3,944,039.75 | 8,837,442.94 | -55.37% | Same as above | | Other Income | 139,450.36 | 792,414.78 | -82.40% | Same as above | | Asset Impairment Losses | 0.00 | 351,614.89 | -100.00% | Same as above | | Financial Expenses | -4,455,780.60 | 796,095.05 | -659.70% | Primarily due to increased fixed deposit interest and increased exchange gains on USD foreign debt held by the parent company due to a decrease in the USD to CNY exchange rate | | Investment Income | 1,253,041.70 | -1,761,248.19 | 171.15% | Primarily due to increased returns from wealth management products held and increased investment income from subsidiary's external equity investments | | Gains from Changes in Fair Value | 6,458,780.60 | 8,010.46 | 80529.33% | Primarily due to floating gains recognized from wealth management products held | Changes in Cash Flow Statement Items | Item | Current Period Amount (CNY) | Prior Year Period Amount (CNY) | Change (%) | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -6,182,905.64 | 7,385,550.42 | -183.72% | Primarily due to the sale of Zhuhai Rongsheng equity in the prior year, thus current period data does not include Zhuhai Rongsheng's figures | | Net Cash Flow from Investing Activities | -59,325,858.17 | 35,046,952.79 | -269.28% | Primarily due to idle funds being repeatedly invested in wealth management products in the current period | | Net Cash Flow from Financing Activities | -1,837,553.67 | -16,645,350.99 | 88.96% | Primarily due to no principal and interest payments for finance leases in the current period | Shareholder Information The company has many common shareholders; top two corporate entities hold significant, largely pledged and frozen, stakes Total Number of Common Shareholders and Top Ten Shareholders' Shareholding The company had 44,592 common shareholders; top two shareholders held over 40% of shares, mostly pledged and frozen - As of the end of the reporting period, the total number of common shareholders was 44,592, with no preferred shareholders whose voting rights have been restored[9] Top 10 Shareholders' Shareholding | Shareholder Name | Shareholder Nature | Shareholding Ratio (%) | Number of Shares (shares) | Pledged, Frozen Status | | :--- | :--- | :--- | :--- | :--- | | Guangdong Xianfeng Holdings Co., Ltd. | Domestic Non-state-owned Legal Person | 26.03% | 295,358,647 | Pledged 292,200,000 shares, frozen 295,358,647 shares | | Xianfeng Holdings Group Co., Ltd. | Domestic Non-state-owned Legal Person | 14.03% | 159,152,000 | Pledged 114,000,000 shares, frozen 159,152,000 shares | | Dacheng Innovation Capital - China Merchants Bank - Boyuan Hengfeng Asset Management Plan | Other | 4.00% | 45,392,783 | None | | Southern Capital - Bank of Ningbo - Rongsheng Super Micro Private Placement No. 2 Special Asset Management Plan | Other | 3.01% | 34,143,710 | None | | Southern Capital - Bank of Ningbo - Liang Xiongjian | Other | 2.39% | 27,084,228 | None | | Xiao Qiaodang | Domestic Natural Person | 1.08% | 12,301,300 | None | | Huang Guoliang | Domestic Natural Person | 0.99% | 11,211,600 | None | | Shenzhen Yuntu Asset Management Service Co., Ltd. - Yuntu Premium No. 12 Private Securities Investment Fund | Other | 0.88% | 10,000,000 | None | | Shi Wen | Domestic Natural Person | 0.56% | 6,400,000 | None | | Zheshang Bank Co., Ltd. - Guotai CSI Livestock Breeding ETF | Other | 0.55% | 6,255,375 | None | - Guangdong Xianfeng Holdings Co., Ltd. is a wholly-owned subsidiary of Xianfeng Holdings Group Co., Ltd.; whether other shareholders have related party relationships or act in concert is unknown[9] - Shenzhen Yuntu Asset Management Service Co., Ltd. - Yuntu Premium No. 12 Private Securities Investment Fund and Shi Wen hold company shares through margin trading and securities lending accounts[10] Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Shareholding The company has no preferred shareholders - The company has no preferred shareholders[11] Other Significant Matters Two important temporary reports were disclosed: a carbonated lithium extraction pilot project filing and private fund subscription Other Significant Matters Two important temporary reports were disclosed: a carbonated lithium extraction pilot project filing and private fund subscription Important Temporary Reports Disclosed During the Reporting Period | Overview of Important Matter | Disclosure Date | Index for Temporary Report Disclosure Website Query | | :--- | :--- | :--- | | Announcement on Subsidiary's Carbonated Lithium Extraction Pilot Project Obtaining Filing Approval | 2023 年 01 月 04 日 | Juchao Information Network (www.cninfo.com.cn) | | Announcement on Subscribing to Private Securities Investment Fund Shares | 2023 年 03 月 17 日 | Juchao Information Network (www.cninfo.com.cn) | Quarterly Financial Statements The quarterly financial statements (balance sheet, income statement, cash flow) remain unaudited Consolidated Balance Sheet Total assets were 1.33 billion CNY, slightly down from year-start, with increased financial assets and contract liabilities Key Consolidated Balance Sheet Data (March 31, 2023) | Item | Period-End Balance (CNY) | Beginning of Year Balance (CNY) | | :--- | :--- | :--- | | Assets | | | | Cash and Cash Equivalents | 154,449,777.08 | 222,035,405.67 | | Financial Assets Held for Trading | 506,076,313.10 | 447,650,904.02 | | Total Current Assets | 752,383,917.82 | 761,626,922.95 | | Total Non-current Assets | 578,972,407.58 | 581,705,179.33 | | Total Assets | 1,331,356,325.40 | 1,343,332,102.28 | | Liabilities | | | | Contract Liabilities | 14,643,103.05 | 7,415,346.12 | | Total Current Liabilities | 91,534,003.69 | 98,238,788.49 | | Total Non-current Liabilities | 24,730,328.97 | 26,165,005.00 | | Total Liabilities | 116,264,332.66 | 124,403,793.49 | | Shareholders' Equity | | | | Total Equity Attributable to Parent Company Shareholders | 1,143,271,174.71 | 1,146,062,191.42 | | Minority Interests | 71,820,818.03 | 72,866,117.37 | | Total Shareholders' Equity | 1,215,091,992.74 | 1,218,928,308.79 | Consolidated Income Statement Q1 2023 saw significant declines in total operating revenue and net profit, with financial expenses turning negative and investment/fair value gains growing Key Consolidated Income Statement Data (January-March 2023) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Total Operating Revenue | 20,891,494.35 | 274,449,534.28 | | Total Operating Cost | 28,555,196.89 | 289,115,075.83 | | Financial Expenses | -4,455,780.60 | 796,095.05 | | Investment Income | 1,253,041.70 | -1,761,248.19 | | Gains from Changes in Fair Value | 6,458,780.60 | 8,010.46 | | Operating Profit | 182,673.85 | 14,034,809.02 | | Total Profit | 177,613.99 | 14,385,402.12 | | Net Profit | 235,903.87 | 15,563,776.00 | | Net Profit Attributable to Parent Company Shareholders | 1,281,203.21 | 17,608,180.89 | | Basic Earnings Per Share (CNY) | 0.0011 | 0.0155 | - Net profit from continuing operations was 235,903.87 CNY, with net profit from discontinued operations at 0[18] Consolidated Cash Flow Statement Q1 2023 net cash flow from operating activities was -6.18 million CNY, investing activities -59.32 million CNY, and financing activities -1.83 million CNY Key Consolidated Cash Flow Statement Data (January-March 2023) | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -6,182,905.64 | 7,385,550.42 | | Net Cash Flow from Investing Activities | -59,325,858.17 | 35,046,952.79 | | Net Cash Flow from Financing Activities | -1,837,553.67 | -16,645,350.99 | | Net Increase in Cash and Cash Equivalents | -67,588,548.37 | 25,819,380.14 | | Beginning Balance of Cash and Cash Equivalents | 216,933,170.71 | 23,989,207.60 | - Cash received from sales of goods and rendering of services significantly decreased year-over-year, from 306 million CNY to 31 million CNY[19] - Cash received relating to other investing activities significantly increased, from 56.39 million CNY to 267 million CNY[20] Audit Report The company's Q1 2023 report is unaudited - The company's first quarter report is unaudited[22]