庚星股份(600753) - 2024 Q1 - 季度财报

Key Financial Data Key Accounting Data and Financial Indicators In Q1 2024, the company's operating revenue significantly increased by 209.09% year-over-year, but net profit attributable to shareholders recorded a loss of 19.28 million CNY. Net cash flow from operating activities turned negative, decreasing by 119.97% year-over-year, while total assets and shareholder equity at period-end both declined compared to the prior year-end Key Financial Indicators for Q1 2024 | Indicator | Current Period | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 181,580,842.34 | 209.09% | | Net Profit Attributable to Shareholders | -19,279,296.30 | - | | Net Cash Flow from Operating Activities | -7,795,949.76 | -119.97% | | Basic Earnings Per Share (CNY/share) | -0.084 | - | | Weighted Average Return on Net Assets (%) | -8.53% | - | | Indicator | End of Current Period | Change from Prior Year-End (%) | | Total Assets | 398,048,931.02 | -13.56% | | Equity Attributable to Shareholders | 217,621,537.33 | -7.65% | Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses amounted to 12,816.23 CNY, primarily from government subsidies and other non-operating income and expenses, having a minimal impact on net profit - Total non-recurring gains and losses for this period amounted to 12,816.23 CNY, primarily consisting of government subsidies of 17,087.83 CNY[7][8] Analysis of Changes in Key Financial Data and Indicators The significant financial data fluctuations this period primarily stem from the company's strategic transformation towards the charging pile business, where operating revenue surged due to a low base in the prior year, but new business development led to sharp increases in selling and administrative expenses, expanding net losses, while also causing notable changes in the balance sheet and cash flow statement, such as a surge in prepayments, a decrease in inventory, and increased cash outflows from operating and investing activities Changes and Reasons for Key Balance Sheet Items | Item Name | Change (%) | Primary Reason | | :--- | :--- | :--- | | Prepayments | 17,646.84% | Primarily due to prepaid procurement, with suppliers yet to ship | | Inventory | -92.54% | Primarily due to goods issued at the beginning of the period being settled in this period | | Construction in Progress | 49.28% | Primarily due to the company's business transformation and investment in charging pile business this period | | Contract Liabilities | -70.12% | Primarily due to a decrease in advance receipts | | Taxes Payable | -88.01% | Primarily due to taxes from Q4 of the prior year being paid in this period | Changes and Reasons for Key Income Statement and Cash Flow Statement Items | Item Name | Change (%) | Primary Reason | | :--- | :--- | :--- | | Operating Revenue | 209.09% | Low base in the prior year due to strategic transformation planning and temporary suspension of some businesses | | Selling Expenses | 1,025.62% | Significant increase in personnel and marketing expansion costs due to charging pile business development | | Administrative Expenses | 89.26% | Increase in personnel, office rental, and other related expenses due to increased charging pile business staff | | Net Profit Attributable to Parent Company Shareholders | - | Significant increase in labor, rental, marketing, and other costs and expenses due to charging pile business operations | | Net Cash Flow from Operating Activities | -119.97% | Increased capital investment due to business transformation | | Net Cash Flow from Investing Activities | -100.00% | Long-term asset investments related to charging pile business development | Shareholder Information Total Number of Common Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 22,626 common shareholders, with the top three shareholders being Zhejiang Haixin Energy Co., Ltd., Fujian Ruishan Technology Co., Ltd., and Shanghai Jieyu Asset Management Co., Ltd., collectively holding over 42% of shares, and the largest shareholder, Zhejiang Haixin Energy, holding 24.10% - As of the end of the reporting period, the company had 22,626 common shareholders[14] Shareholding Status of Top Three Shareholders | Shareholder Name | Shares Held (shares) | Shareholding (%) | | :--- | :--- | :--- | | Zhejiang Haixin Energy Co., Ltd. | 55,500,000 | 24.10% | | Fujian Ruishan Technology Co., Ltd. | 24,422,425 | 10.60% | | Shanghai Jieyu Asset Management Co., Ltd. | 18,239,075 | 7.92% | Other Significant Matters Change in Company Control During the reporting period, the company's control changed due to the judicial auction of shares held by the former controlling shareholder, Zhonggeng Group, with Zhejiang Haixin Energy Co., Ltd. becoming the new controlling shareholder with a 24.10% stake, and Mr. Zhong Renhai becoming the actual controller - Due to the judicial auction of shares held by the former controlling shareholder Zhonggeng Group, the company's controlling shareholder changed to Zhejiang Haixin Energy Co., Ltd., and the actual controller changed to Mr. Zhong Renhai[17] CSRC Investigation The company was placed under investigation by the China Securities Regulatory Commission on December 27, 2023, for alleged information disclosure violations, a significant risk factor for investors - The China Securities Regulatory Commission decided to investigate the company on December 27, 2023, for alleged information disclosure violations[18] Receipt of Regulatory Warning During the reporting period, the company received a regulatory warning from the Shanghai Stock Exchange for failing to timely fulfill deliberation and disclosure obligations regarding related-party transactions, to which the company stated it has rectified and will strengthen internal controls and information disclosure management - The company received a regulatory warning letter from the Shanghai Stock Exchange for failing to timely fulfill deliberation and disclosure obligations regarding related-party transactions[19] Quarterly Financial Statements Type of Audit Opinion The financial statements for this quarter are unaudited - The Q1 2024 financial statements are unaudited[4][20] Financial Statements As of March 31, 2024, the company's total assets were 398.05 million CNY, total liabilities were 180.36 million CNY, and for Q1 2024, it achieved operating revenue of 181.58 million CNY with a net loss of 19.26 million CNY, and net cash flow from operating activities was -7.80 million CNY Consolidated Balance Sheet As of March 31, 2024, the company's total assets were 398.05 million CNY, a 13.56% decrease from the beginning of the year; total liabilities were 180.36 million CNY, a 19.79% decrease; and equity attributable to parent company owners was 217.62 million CNY, a 7.65% decrease, with the asset decline primarily due to reduced monetary funds, notes receivable, and inventory Core Balance Sheet Data (March 31, 2024) | Item | Amount (CNY) | | :--- | :--- | | Total Assets | 398,048,931.02 | | Total Liabilities | 180,363,693.12 | | Total Equity Attributable to Parent Company Owners | 217,621,537.33 | Consolidated Income Statement In Q1 2024, the company's total operating revenue reached 181.58 million CNY, a 209.09% year-over-year increase, while total operating costs amounted to 200.19 million CNY, a 215.39% year-over-year increase, resulting in a net loss attributable to parent company shareholders of -19.28 million CNY, significantly widening from -6.41 million CNY in the same period last year Core Income Statement Data (Q1 2024) | Item | Amount (CNY) | | :--- | :--- | | Total Operating Revenue | 181,580,842.34 | | Total Operating Costs | 200,189,587.56 | | Net Profit | -19,264,595.73 | | Net Profit Attributable to Parent Company Shareholders | -19,279,296.30 | Consolidated Cash Flow Statement In Q1 2024, the company's net cash flow from operating activities was -7.80 million CNY, shifting from a net inflow to a net outflow compared to the prior year, while net cash outflow from investing activities was -6.07 million CNY, primarily for fixed asset acquisitions, and net cash outflow from financing activities was -2.63 million CNY, resulting in a period-end cash and cash equivalents balance of 22.04 million CNY, a 16.49 million CNY decrease from the beginning of the period Core Cash Flow Statement Data (Q1 2024) | Item | Amount (CNY) | | :--- | :--- | | Net Cash Flow from Operating Activities | -7,795,949.76 | | Net Cash Flow from Investing Activities | -6,066,089.74 | | Net Cash Flow from Financing Activities | -2,630,995.26 | | Net Increase in Cash and Cash Equivalents | -16,493,034.76 |