新筑股份(002480) - 2016 Q3 - 季度财报

Section 1. Important Notice The company's board of directors, supervisory board, and senior management, along with key executives, collectively guarantee the truthfulness, accuracy, and completeness of this quarterly report and its financial statements 1.1 Statement on Report Authenticity The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report, with key executives also affirming the financial statements - The company's board of directors, supervisory board, directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibility[4] - Company's responsible person Huang Zhiming, head of accounting Jia Xiuying, and head of accounting department Li Jianhui declare the financial statements in the quarterly report are true, accurate, and complete[5] Section 2. Key Financial Data and Shareholder Changes This section details the company's financial performance, including asset growth, revenue and profit increases driven by non-recurring gains, and outlines the shareholder structure with the controlling shareholder's holdings and related party relationships 2.1 Key Accounting Data and Financial Indicators During the reporting period, the company saw growth in total assets and net assets attributable to shareholders, with significant increases in operating revenue, net profit, and basic earnings per share, largely driven by non-recurring gains Key Accounting Data and Financial Indicators (As of September 30, 2016) | Indicator | End of Reporting Period (CNY) | End of Prior Year (CNY) | Change from Prior Year-End | Current Reporting Period (CNY) | Change from Prior Period | Year-to-Date (CNY) | Year-to-Date Change from Prior Year | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Balance Sheet | | | | | | | | | Total Assets | 5,360,590,087.07 | 5,118,912,452.36 | 4.72% | | | | | | Net Assets attributable to shareholders | 2,314,310,963.56 | 2,311,276,627.48 | 0.13% | | | | | | Income Statement | | | | | | | | | Operating Revenue | | | | 265,431,344.85 | 60.04% | 920,308,098.35 | 14.17% | | Net Profit attributable to shareholders | | | | 47,296,598.19 | 184.85% | 5,471,287.45 | 106.95% | | Net Profit attributable to shareholders (excluding non-recurring items) | | | | -31,208,794.33 | 44.14% | -102,296,291.28 | -28.89% | | Cash Flow Statement | | | | | | | | | Net cash flow from operating activities | | | | -- | -- | 173,553,474.24 | 464.56% | | Earnings Per Share | | | | | | | | | Basic EPS (CNY/share) | | | | 0.0733 | 184.84% | 0.0085 | 106.97% | | Diluted EPS (CNY/share) | | | | 0.0733 | 184.84% | 0.0085 | 106.97% | | Profitability | | | | | | | | | Weighted average ROE | | | | 2.06% | 4.36% | 0.24% | 3.48% | Non-Recurring Gains and Losses Year-to-Date | Item | Year-to-Date Amount (CNY) | | :--- | :--- | | Non-current asset disposal gains/losses (including reversal of asset impairment provisions) | 93,782,514.29 | | Government grants included in current profit/loss (excluding those closely related to business and enjoyed at fixed or quantitative standards) | 50,631,606.90 | | Other non-operating income and expenses | 484,063.89 | | Less: Income tax impact | 35,863,238.54 | | Minority interest impact (after tax) | 1,267,367.81 | | Total | 107,767,578.73 | 2.2 Total Number of Shareholders and Top Ten Shareholders' Holdings at Period-End As of the reporting period end, the company had 27,866 common shareholders, with Xinzhu Investment Group Co., Ltd. as the controlling shareholder holding 23.27% of shares, some of which are pledged, and details on top ten unrestricted shareholders and related party relationships are provided - The total number of common shareholders at the end of the reporting period was 27,866, with no preferred shareholders whose voting rights have been restored[12] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (Shares) | Number of Restricted Shares Held (Shares) | Pledge or Freeze Status (Status/Number of Shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Xinzhu Investment Group Co., Ltd. | Domestic Non-State-Owned Legal Person | 23.27% | 150,170,655 | 14,164,305 | Pledged 117,650,000 | | Guangzhou Guangri Co., Ltd. | Domestic Non-State-Owned Legal Person | 5.00% | 32,268,492 | 0 | None | | National Social Security Fund 418 Portfolio | Domestic Non-State-Owned Legal Person | 3.22% | 20,799,500 | 0 | None | | Chongqing Xingrui Investment Co., Ltd. | Domestic Non-State-Owned Legal Person | 2.70% | 17,447,600 | 0 | None | | Haitong Fund - ICBC - Guangzhou Securities Co., Ltd. | Domestic Non-State-Owned Legal Person | 2.69% | 17,370,000 | 0 | None | | Xinjin Juying Technology Development Co., Ltd. | Domestic Non-State-Owned Legal Person | 2.49% | 16,092,000 | 0 | Pledged 14,000,000 | | Chang'an Fund Co. - Agricultural Bank - Chang'an International Trust Co., Ltd. | Domestic Non-State-Owned Legal Person | 2.36% | 15,200,000 | 0 | None | | Guangzhou Jinjun Investment Holding Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.98% | 12,764,335 | 0 | None | | China Merchants Securities Co., Ltd. | Domestic Non-State-Owned Legal Person | 1.79% | 11,556,910 | 0 | None | | Xinjin Xinlian Investment Management Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 1.40% | 9,003,808 | 0 | None | - Xinzhu Investment Group Co., Ltd. is the controlling shareholder; Xinjin Juying Technology Development Co., Ltd. is an acting-in-concert party of Xinzhu Investment Group Co., Ltd.; Xinjin Xinlian Investment Management Center (Limited Partnership) is jointly funded by the company's Vice Chairman Feng Kemin, natural person Peng Bo, and Huang Kemin (brother of the actual controller), and is also an acting-in-concert party of Xinzhu Investment Group Co., Ltd[13] Section 3. Significant Events This section covers significant operational and financial changes, including project progress, resolution of business restrictions, strategic divestment of traditional industries, fulfillment of commitments, and the annual performance forecast 3.1 Changes in Key Financial Statement Items and Indicators, and Their Reasons During the Reporting Period During the reporting period, significant changes in various financial statement items were driven by operational adjustments, asset disposals, changes in consolidation scope, sales growth, and financing activities, leading to decreases in receivables, prepayments, investment properties, and deferred tax assets, while other receivables, payables, taxes, interest payable, and long-term borrowings increased Changes and Reasons for Key Balance Sheet Items | Item | Change Amount (CNY) | Change Percentage | Primary Reason | | :--- | :--- | :--- | :--- | | Notes Receivable | -5,820,203.50 | -52.90% | More endorsement of notes for payments | | Prepayments | -74,998,678.09 | -43.64% | Recovery of performance bonds and reduction in consolidation scope due to subsidiary disposal | | Other Receivables | +414,207,466.10 | +1085.11% | Increase in equity transfer receivables, decrease in consolidation offsets, increase in demolition compensation and deposits | | Investment Properties | -104,817,839.88 | -83.26% | Transfer of Meishan Xinzhu Qinglong factory properties back to fixed assets and intangible assets | | Deferred Income Tax Assets | -30,388,916.75 | -34.87% | Reduction in consolidation scope due to subsidiary disposal, decrease in deductible losses due to increased total profit | | Accounts Payable | +342,926,803.69 | +49.56% | Increase in payables to suppliers for production materials like railway vehicles for CRRC Xinzhu | | Advances from Customers | -5,336,818.55 | -31.47% | Delivery completed and recognized as sales revenue | | Employee Benefits Payable | -12,125,918.67 | -38.95% | Reduction in consolidation scope due to subsidiary equity disposal and payment of bonuses accrued at year-start | | Taxes Payable | +8,540,262.67 | +211.85% | Increase in sales volume led to corresponding increase in VAT and surcharges | | Interest Payable | +31,808,371.27 | +717.90% | Increase in accrued bond interest not yet due for payment | | Other Payables | -25,474,423.40 | -53.27% | Repayment to Wuxi Dasheng Investment Development Co., Ltd. and Chengdu Zhishan Machinery Co., Ltd. | | Other Current Liabilities | -2,271,796.08 | -42.13% | Transfer of deferred income due within one year to non-operating income | | Long-term Borrowings | +135,000,000.00 | +40.91% | New borrowing from Chengdu Rural Commercial Bank Co., Ltd. Xiqu Branch | | Long-term Payables | -65,773,875.76 | -70.12% | Reclassification of long-term payables due within one year to non-current liabilities due within one year | Changes and Reasons for Key Income Statement Items | Item | Change Amount (CNY) | Change Percentage | Primary Reason | | :--- | :--- | :--- | :--- | | Asset Impairment Losses | +36,871,671.55 | +162.72% | Adjustment to bad debt provision for receivables in prior period | | Investment Income | +66,681,058.89 | +1404.11% | Increase in equity investment disposal gains from transferring 100% equity of Meishan Xinzhu, Xinzhu Concrete Machinery, and Hefei Xinzhu | | Non-operating Income | +72,799,017.00 | +1180.53% | Increase in non-current asset disposal gains and government grants received | | Non-operating Expenses | -2,894,873.76 | -82.19% | Decrease in donation expenses and non-current asset disposal losses | | Income Tax Expense | +32,662,266.67 | +201.07% | Increase in total profit, decrease in deductible losses, decrease in deferred tax assets, and increase in deferred tax expense | 3.2 Analysis of Progress, Impact, and Solutions for Significant Events The company advanced the Xinjin Modern Tram Demonstration Line project, resolved cooperation restrictions for sound barrier business, and divested traditional engineering machinery by transferring subsidiary equity to focus on emerging industries like rail transit, optimizing industrial structure and reducing financial risks - The track work for the first phase of the R1 line of the Xinjin Modern Tram Demonstration Line has been completed, and post-vehicle joint commissioning and testing are underway[20] - The suspension of cooperation with China Railway Corporation due to false sound barrier testing reports (October 16, 2015, to October 15, 2016) has expired, allowing the company to resume normal cooperation with China Railway Corporation on railway sound barrier business[20] - The company has completed the transfer of 100% equity in Xinzhu Concrete Machinery and Meishan Xinzhu to its controlling shareholder Xinzhu Investment, and 100% equity in Hefei Xinzhu to Hefei Tonglian Wood Industry Co., Ltd., divesting the engineering machinery sector to focus resources on the rail transit industry, optimize industrial structure, and reduce financial risks. Relevant industrial and commercial transfer procedures have been completed, and 51% of the equity transfer payment has been received[20][21] 3.3 Fulfillment of Commitments Commitments made by the controlling shareholder, acting-in-concert parties, and actual controller regarding share lock-up, social insurance and housing fund补缴, avoidance of horizontal competition, and regulation of related-party transactions were all fulfilled on time and remain effective during the reporting period Fulfillment of Commitments | Commitment Reason | Promising Party | Commitment Type | Summary of Commitment Content | Commitment Date | Commitment Period | Fulfillment Status | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Initial Public Offering or Refinancing Commitments | Xinzhu Investment Group Co., Ltd. | Share Lock-up Commitment | Not to transfer 14.164305 million new shares subscribed for within thirty-six months from July 21, 2014 | 2014年07月09日 | Thirty-six months | In progress | | Initial Public Offering or Refinancing Commitments | Xinzhu Investment Group Co., Ltd. | Other Commitments | Commit to gratuitously pay social insurance and housing provident fund for the company and its subsidiaries, and bear related expenses and economic losses | 2009年12月01日 | Long-term effective | In progress | | Initial Public Offering or Refinancing Commitments | Xinzhu Investment Group Co., Ltd. and its acting-in-concert party Xinjin Juying Technology Development Co., Ltd. | Commitments regarding horizontal competition, related-party transactions, and fund occupation | Commit not to engage in businesses that compete with Xinzhu Co., Ltd., and strictly abide by legal procedures to avoid unfair related-party transactions | 2009年11月18日 | Long-term effective | In progress | | Initial Public Offering or Refinancing Commitments | Xinjin Xinlian Investment Management Center (Limited Partnership) | Commitments regarding horizontal competition, related-party transactions, and fund occupation | Commit not to engage in businesses that compete with Xinzhu Co., Ltd., and strictly abide by legal procedures to avoid unfair related-party transactions | 2013年05月09日 | Long-term effective | In progress | | Initial Public Offering or Refinancing Commitments | Actual Controller | Commitments regarding horizontal competition, related-party transactions, and fund occupation | Commit not to engage in businesses that compete with Xinzhu Co., Ltd., and strictly abide by legal procedures to avoid unfair related-party transactions | 2009年11月18日 | Long-term effective | In progress | - All commitments were fulfilled on time, with no overdue unfulfilled situations[29] 3.4 2016 Annual Operating Performance Forecast The company forecasts a turnaround to profitability for 2016, with net profit expected between CNY 10 million and CNY 30 million, driven by rapid sales growth in emerging industries like rail transit and a significant increase in non-recurring gains and losses - The company expects to turn losses into profits for the 2016 fiscal year compared to the same period last year[30] 2016 Annual Operating Performance Forecast | Indicator | Amount (CNY 10,000) | | :--- | :--- | | 2016 Annual Net Profit Forecast | 1,000 to 3,000 | | 2015 Annual Net Profit attributable to shareholders | -15,802.01 | - The performance change is mainly due to the rapid growth in sales scale of emerging industries such as the company's rail transit sector, with a significant increase in estimated operating revenue and non-recurring gains and losses compared to the previous year[30] 3.5 Financial Assets Measured at Fair Value The company had no financial assets measured at fair value during the reporting period - The company had no financial assets measured at fair value during the reporting period[31] 3.6 Illegal External Guarantees The company had no illegal external guarantees during the reporting period - The company had no illegal external guarantees during the reporting period[31] 3.7 Non-Operating Fund Occupation by Controlling Shareholder and Related Parties The company's controlling shareholder and its related parties did not non-operationally occupy listed company funds during the reporting period - The company's controlling shareholder and its related parties did not non-operationally occupy listed company funds during the reporting period[32] 3.8 Registration Form for Research, Communication, Interview Activities During the Reporting Period During the reporting period, the company hosted two research, communication, and interview activities, with relevant information disclosed on Juchao Information Network Research Activities Hosted During the Reporting Period | Reception Date | Reception Method | Type of Reception Object | Index of Basic Research Information | | :--- | :--- | :--- | :--- | | 2016 年 04 月 05 日 | Other | Other | http://ircs.p5w.net/ircs/topicInteraction/bbs.do?rid=15942 | | 2016 年 09 月 27 日 | Other | Other | http://ircs.p5w.net/ircs/topicInteraction/bbs.do?rid=17863 |