[三季报]中顺洁柔(002511):2023年第三季度报告（英文版）
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时间：2023年10月26日 16:46:22 中财网 |
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原标题:中顺洁柔:2023年第三季度报告（英文版）
C&S Paper Co., Ltd.
Third Quarter Report 2023
The Company and all members of the Board of Directors hereby guarantee the truthfulness, accuracy and completeness of the information disclosed, and there are no false and misleading statements or material omissions.
Important Notice:
1. The Board of Directors and the Board of Supervisors of the Company and its directors, supervisors
and senior management warrant that the information contained in this quarterly report is true, accurate
and complete without any false and misleading statements or material omissions, and severally and jointly accept legal liability thereof.
2. The person in charge of the Company, the person in charge of accounting of the Company, and the person in charge of the accounting department of the Company have declared that they warrant the truthfulness, accuracy and completeness of the financial statements set out in this quarterly report.
3. Whether the Third Quarter Report has been audited
□ Yes √ No
I. Main Financial Data
(I) Main accounting data and financial indicators
Whether the Company needs to perform retrospective adjustment or restatement of accounting data for previous years
□ Yes √ No
| | Current period | Changes over same period
of previous year | Beginning of the year
to end of current
period | Changes over same
period of previous year | | Operating income
(RMB) | 2,138,179,553.65 | 22.44% | 6,823,260,119.24 | 11.60% | | Net profit attributable to
shareholders of the listed
company (RMB) | 80,937,884.63 | 72.69% | 165,428,059.09 | -39.74% | | Net profit attributable to
shareholders of the listed
company after deducting
non-recurring profit and
loss (RMB) | 68,640,359.17 | 128.32% | 142,334,246.75 | -43.21% | | Net cash flow from
operating activities
(RMB) | — | — | 791,698,638.61 | 68.56% | | Basic earnings per share
(RMB/share) | 0.06 | 50.00% | 0.13 | -38.10% | | Diluted earnings per
share (RMB/share) | 0.06 | 50.00% | 0.13 | -38.10% | | Weighted average return
on net assets | 1.55% | 0.60% | 3.10% | -2.33% | | | End of current period | End of previous year | Changes over end of previous year | | | Total assets (RMB) | 8,941,770,801.80 | 8,335,107,691.71 | 7.28% | | | Owner's equity
attributable to
shareholders of the listed
company (RMB) | 5,329,114,258.61 | 5,178,060,378.48 | 2.92% | |
(II) Non-recurring items and amounts
√ Applicable □ Not applicable
Unit: RMB
| Item | Amount of current
period | Amount from beginning
of the year to end of
current period | Description | | Profits/losses from the disposal of non-current asset
(including the write-off that accrued for impairment
of assets) | 210,103.75 | -2,750,673.27 | | | Governmental grants reckoned into current
profits/losses (not including grants enjoyed in quota
or ration according to national standards, which are
closely relevant to the company’s normal business) | 9,523,052.33 | 21,397,372.54 | | | Profits/losses from assets entrusted to others for
investment or management | 6,043,395.76 | 7,033,551.12 | | | Except for effectively hedging business related to
normal business operations of the Company, gain or
loss arising from the change in the fair value of
financial assets held for trading, derivative financial
assets, financial liabilities held for trading, derivative
financial liabilities, and other non-current financial
assets, as well as investment income or loss produced
from the disposal of the aforesaid financial assets and
liabilities | | 968,000.00 | | | Other non-operating income and expenses except for
the aforementioned items | 196,410.89 | 2,877,057.78 | | | Less: Influence of income tax | 3,675,437.27 | 6,431,495.83 | | | Total | 12,297,525.46 | 23,093,812.34 | -- |
Details of other profit and loss items that meet the definition of non-recurring profit and loss: □ Applicable √ Not applicable
The Company has no other profit and loss items that meet the definition of non-recurring profit and loss.
Descriptions where the Company defines any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on
Information Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss
items during the reporting period
□ Applicable √ Not applicable
The Company did not define any non-recurring profit and loss items listed in the No. 1 Explanatory Announcement on Information
Disclosure of Companies Offering Securities to the Public—Non-recurring Profit and Loss as recurring profit and loss items during the
reporting period.
(III) Changes of main accounting data and financial indicators and reasons √ Applicable □ Not applicable
(I)Balance sheet items
Notes receivable: This item recorded an increase of RMB29,381,886.96 or 258.39% in the reporting period
compared with the end of 2022, mainly owing to the increase in bank acceptance bills received from customers
during the reporting period.
Other current assets: This item recorded an increase of RMB708,210,695.68 or 211.43% in the reporting period
compared with the end of 2022, mainly owing to the increase in the principals of wealth management products
during the reporting period.
Construction work in progress: This item recorded an increase of RMB44,806,897.59 or 31.42% in the reporting
period compared with the end of 2022, mainly owing to an increase in engineering equipment payments during the
reporting period.
Right-of-use assets: This item recorded an increase of RMB8,636,076.70 or 88.50% in the reporting period
compared with the end of 2022, mainly owing to an increase in rented houses and buildings during the reporting
period.
Goodwill: This item recorded an increase of RMB633,136.34 or 979.27% in the reporting period compared with
the end of 2022, mainly owing to the acquisition of subsidiaries not under the common control during the reporting
period.
Deferred income tax assets: This item recorded an increase of RMB62,113,717.21 or 30.09% in the reporting period
compared with the end of 2022, mainly owing to an increase in deductible losses during the reporting period.
Other non-current assets: This item recorded an increase of RMB69,399,816.59 or 1,188.55% in the reporting period
compared with the end of 2022, mainly owing to an increase in prepayments for engineering equipment during the
reporting period.
Short-term borrowing: This item recorded an increase of RMB412,498,052.40 or 67.87% in the reporting period
compared with the end of 2022, mainly owing to the increase in short-term loans from banks during the reporting
period.
Contract liabilities: This item recorded a decrease of RMB34,881,562.42 or 36.12% in the reporting period
compared with the end of 2022, mainly owing to the decrease in advance received from customers during the
reporting period.
Tax and fees payable: This item recorded an increase of RMB67,967,449.60 or 127.14% in the reporting period
compared with the end of 2022, mainly owing to the increase in value added tax and income tax during the reporting
period.
Non-current liabilities due within one year: This item recorded an increase of RMB3,220,866.97 or 32.75%
compared with the end of 2022, mainly due to an increase in lease liabilities due within one year during this reporting
period.
Non-current liabilities: This item recorded a decrease of RMB4,513,710.10 or 36.28% in the reporting period
compared with the end of 2022, mainly owing to the decrease in taxes to be charged off during the reporting period.
Lease liabilities: This item recorded an increase of RMB6,590,361.30 or 819.82% in the reporting period compared
with the end of 2022, mainly owing to the increase in rented houses and buildings during the reporting period.
Deferred income tax liabilities: This item recorded a decrease of RMB20,463,608.67 or 43.42% in the reporting
period compared with the end of 2022, mainly due to the decrease in temporary differences formed by fixed assets
during this reporting period.
(II) Income statement items
Financial expenses: This item recorded a decrease of RMB21,961,799.01 or 506.92% from the beginning of the
year to the end of the reporting period compared with the same period in 2022, mainly owing to the decrease in
exchange gains and losses during the reporting period.
Return on investment: This item recorded an increase of RMB7,818,100.18 or 4,261.68% from the beginning of the
year to the end of the reporting period compared with the same period in 2022, mainly owing to the increase in
returns on wealth management products during the reporting period. Credit impairment loss: This item recorded an increase of RMB7,715,203.14 or 95.10% from the beginning of the
year to the end of the reporting period compared with the same period in 2022, mainly owing to the increase in
accrued credit impairment losses of accounts receivable during the reporting period. Asset impairment loss: This item recorded a decrease of RMB1,331,986.85 or 37.23% from the beginning of the
year to the end of the reporting period compared with the same period in 2022, mainly due to the decrease in the
provision for inventory depreciation during this reporting period. Return on disposal of assets: This item recorded a decrease of RMB273,565.98 or 46.90% from the beginning of
the year to the end of the reporting period compared with the same period in 2022, mainly owing to the decrease in
income from the disposal of fixed assets during the reporting period. Non-operating income: This item recorded a decrease of RMB9,377,057.10 or 65.41% from the beginning of the
year to the end of the reporting period compared with the same period in 2022, mainly owing to the decrease in non-
operating income during the reporting period.
Income tax expenses: This item recorded a decrease of RMB30,610,646.06 or 77.76% from the beginning of the
year to the end of the reporting period compared with the same period in 2022, mainly owing to the decrease in total
profit during the reporting period.
Net cash flows from operating activities: This item recorded an increase of RMB322,015,907.16 or 68.56% from
the beginning of the year to the end of the reporting period compared with the same period in 2022, mainly owing
to the increase in sale revenue during the reporting period. Net cash flows from investing activities: This item recorded a decrease of RMB580,453,571.3 or 144.68% from the
beginning of the year to the end of the reporting period compared with the same period in 2022, mainly owing to
the increase in principal paid for purchasing wealth managements during the reporting period. Net cash flows from financing activities: This item recorded an increase of RMB419,955,905.31 or 2,043.34% from
the beginning of the year to the end of the reporting period compared with the same period in 2022, mainly owing
to the increase in cash received from borrowings during the reporting period. II. Shareholder Information
(I) Total number of ordinary shareholders, number of preferred shareholders whose voting rights were
resumed and shareholdings of top 10 shareholders
Unit: share
| Total number of ordinary
shareholders as at the end of the
reporting period | 111,616 | Total number of preferred
shareholders whose voting
rights were resumed at the end
of the reporting period (if any) | 0 | | | | | Shareholdings of top 10 shareholders | | | | | | | | Name of
shareholder | Nature of
shareholder | Shareholding
percentage (%) | Number of shares | Number of
shares subject
to selling
restrictions | Pledged, marked or frozen | | | | | | | | Share status | Number of shares | | Guangdong
Zhongshun Paper
Group Co., Ltd. | Domestic non-
state-owned legal
person | 28.26% | 377,195,570 | | | | | Chung Shun Co. | Foreign legal
person | 19.97% | 266,504,789 | | | | | Hong Kong
Securities
Clearing Co., Ltd. | Foreign legal
person | 2.90% | 38,651,364 | | | | | Ernest Partners
LLC -- Client
funds | Foreign legal
person | 0.90% | 11,991,400 | | | | | Yue Yong | Domestic natural
person | 0.81% | 10,765,241 | 8,348,930 | | | | Deng Yingzhong | Domestic natural
person | 0.51% | 6,752,811 | 5,064,608 | | | | Guohua Life —
Xingyi
Traditional
No.2 | Others | 0.47% | 6,224,600 | | | | | # Zhongshan
Xinda Investment
Management Co.,
Ltd. | Domestic non-
state-owned legal
person | 0.46% | 6,123,636 | | | | | ABC — CSI
Smallcap 500
ETF | Others | 0.45% | 5,960,789 | | | | | ICBC Ansheng
Life Insurance -
Long term
dividend products | Others | 0.40% | 5,300,000 | | | | | Shareholdings of top 10 shareholders not subject to selling restrictions | | | | | | | | Name of shareholder | Number of shares not subject to selling restrictions | Type of shares | | | | | | | | Type of shares | Number of shares | | | | | Guangdong Zhongshun Paper Group
Co., Ltd. | 377,195,570 | RMB-denominated
ordinary shares | 377,195,570 | | | | | Chung Shun Co. | 266,504,789 | RMB-denominated
ordinary shares | 266,504,789 | | | | | Hong Kong Securities Clearing Co.,
Ltd. | 38,651,364 | RMB-denominated
ordinary shares | 38,651,364 | | | | | Ernest Partners LLC — Client funds | 11,991,400 | RMB-denominated
ordinary shares | 11,991,400 | | | | | Guohua Life —
Xingyi Traditional
No.2 | 6,224,600 | RMB-denominated
ordinary shares | 6,224,600 | | | | | # Zhongshan Xinda Investment
Management Co., Ltd. | 6,123,636 | RMB-denominated
ordinary shares | 6,123,636 | | | | | ABC — CSI Smallcap 500 ETF | 5,960,789 | RMB-denominated
ordinary shares | 5,960,789 | | | | | ICBC Ansheng Life Insurance -
Long term dividend products | 5,300,000 | RMB-denominated
ordinary shares | 5,300,000 | | | | | ICBC — CSI Main Consumer
Staples ETF | 4,888,838 | RMB-denominated
ordinary shares | 4,888,838 | | | | | # Chen Ruiqiang | 3,667,600 | RMB-denominated
ordinary shares | 3,667,600 | | | | | Description on the related
relationship or parties acting-in-
concert arrangements among the
above shareholders | 1. Among the top 10 shareholders mentioned above, Mr. Deng Yingzhong is among the actual
controllers of the Company and a director of the Company. Guangdong Zhongshun Paper
Group Co., Ltd. and Chung Shun Co. are the enterprises controlled by actual controllers of the
Company, i.e. Deng Yingzhong, Deng Guanbiao and Deng Guanjie. That is, Guangdong
Zhongshun Paper Group Co., Ltd. and Chung Shun Co. are related parties. Mr. Yue Yong is an
incumbent senior manager of the Company.
2. It is unknown to the Company whether there is related party relationship among other
shareholders, or whether there is acting-in-concert among other shareholders. | | | | | | | Description on the top 10
shareholders’ participation in margin
trading and securities lending (if
any) | 1.The Company’s shareholder Zhongshan Xinda Investment Management Co., Ltd. holds
6,120,602 shares through a client credit transaction guarantee securities account.
2.The Company’s shareholder Chen Ruiqiang holds 843,500 shares through a client credit
transaction guarantee securities account.
Note: There is a special repurchase account “C&S Paper Special Repurchase Securities
Account” among the top 10 shareholders. As of the end of the reporting period, this repurchase
account held 24,863,087 shares, with a shareholding ratio of 1.86%. Pursuant to relevant
regulations, it is not included in the list of top 10 shareholders. | | | | | |
(II) Total number of preferred shareholders and shareholdings of top 10 preferred shareholders □ Applicable √ Not applicable
III. Other Significant Matters
□ Applicable √ Not applicable
IV. Quarterly Financial Statements
(I) Financial statements
1. Consolidated balance sheet
Prepared by: C&S Paper Co., Ltd.
September 30, 2023
Unit: RMB
| Item | September 30, 2023 | January 1, 2023 | | Current assets: | | | | Monetary funds | 1,617,860,899.96 | 1,324,787,541.49 | | Settlement reserve | | | | Lending to banks and other
financial institutions | | | | Tradable financial assets | | | | Derivative financial assets | | | | Notes receivable | 40,752,979.76 | 11,371,092.80 | | Accounts receivable | 978,920,016.97 | 1,084,130,138.51 | | Accounts receivable financing | | | | Prepayments | 19,028,328.22 | 15,291,351.73 | | Premium receivable | | | | Reinsurance payables | | | | Reinsurance contract reserves
receivable | | | | Other receivables | 17,448,488.28 | 16,915,272.60 | | Including: Interest receivable | | | | Dividends receivable | | | | Financial assets held under resale
agreements | | | | Inventory | 1,615,584,287.81 | 1,911,630,723.55 | | Contract assets | | | | Assets held for sale | | | | Non-current assets due within one
year | | | | Other current assets | 1,043,170,049.59 | 334,959,353.91 | | Total current assets | 5,332,765,050.59 | 4,699,085,474.59 | | Non-current assets: | | | | Loans and advances to customers | | | | Investments in creditor’s rights | | | | Investments in other creditor’s
rights | | | | Long-term receivable | | | | Long-term equity investment | | | | Investment in other equity
instruments | | | | Other non-current financial assets | | | | Investment property | 30,623,934.39 | 31,701,597.54 | | Fixed assets | 2,800,638,460.94 | 3,013,559,312.97 | | Construction work in progress | 187,434,021.01 | 142,627,123.42 | | Productive biological assets | | | | Oil & gas assets | | | | Right-of-use assets | 18,394,360.12 | 9,758,283.42 | | Intangible assets | 214,763,246.60 | 214,243,938.48 | | Development expenses | | | | Goodwill | 697,790.49 | 64,654.15 | | Long-term deferred expenses | 12,644,712.46 | 11,771,615.74 | | Deferred income tax assets | 268,570,374.27 | 206,456,657.06 | | Other non-current assets | 75,238,850.93 | 5,839,034.34 | | Total non-current assets | 3,609,005,751.21 | 3,636,022,217.12 | | Total assets | 8,941,770,801.80 | 8,335,107,691.71 | | Current liabilities: | | | | Short-term borrowings | 1,020,297,275.02 | 607,799,222.62 | | Borrowings from PBC | | | | Placements from banks and other
financial institutions | | | | Tradable financial liabilities | | | | Derivative financial liabilities | | | | Notes payable | 335,139,853.87 | 340,335,111.30 | | Accounts payable | 919,856,418.87 | 948,550,430.61 | | Payments received in advance | | | | Contract liabilities | 61,700,382.52 | 96,581,944.94 | | Proceeds from financial assets sold
under repo | | | | Customer bank deposits and due to
banks and other financial institutions | | | | Funds from securities trading
agency | | | | Funds from securities underwriting
agency | | | | Employee remuneration payable | 157,598,615.46 | 131,641,447.65 | | Tax and fees payable | 121,425,415.95 | 53,457,966.35 | | Other payables | 844,080,713.21 | 807,423,814.13 | | Including: Interests payable | | | | Dividends payable | 1,299,613.00 | | | Transaction fee and commission
receivable | | | | Reinsurance payable | | | | Liabilities held for sale | | | | Non-current liabilities due within
one year | 13,054,528.27 | 9,833,661.30 | | Other current liabilities | 7,926,437.45 | 12,440,147.55 | | Total current liabilities | 3,481,079,640.62 | 3,008,063,746.45 | | Non-current liabilities: | | | | Insurance contract reserves | | | | Long-term borrowings | | | | Bonds payable | | | | Including: Preference shares | | | | Perpetual bonds | | | | Lease liabilities | 7,394,240.60 | 803,879.30 | | Long-term payable | | | | Long-term employee remuneration
payable | | | | Provision | | | | Deferred income | 88,723,214.21 | 98,419,983.82 | | Deferred income tax liabilities | 26,667,760.03 | 47,131,368.70 | | Other non-current liabilities | | | | Total non-current liabilities | 122,785,214.84 | 146,355,231.82 | | Total liabilities | 3,603,864,855.46 | 3,154,418,978.27 | | Owner's equity: | | | | Share capital | 1,334,550,300.00 | 1,314,739,745.00 | | Other equity instruments | | | | Including: Preference shares | | | | Perpetual bonds | | | | Capital reserve | 1,109,999,829.48 | 958,187,997.99 | | Less: Treasury shares | 793,726,652.23 | 688,930,693.99 | | Other comprehensive income | | | | Special reserves | | | | Surplus reserves | 145,882,689.86 | 145,882,689.86 | | General reserves | | | | Retained earnings | 3,532,408,091.50 | 3,448,180,639.62 | | Total equity attributable to owners of
the parent company | 5,329,114,258.61 | 5,178,060,378.48 | | Equities of minority shareholders | 8,791,687.73 | 2,628,334.96 | | Total owner's equity | 5,337,905,946.34 | 5,180,688,713.44 | | Total liabilities and owners' equities | 8,941,770,801.80 | 8,335,107,691.71 |
Legal representative: Liu Peng Person in charge of accounting: Dong Ye Person in charge of accounting department: Xu Xianjing
2. Consolidated income statement from beginning of the year to end of reporting period Unit: RMB
| Item | Incurred in the current period | Incurred in the prior period | | I. Total Operating Income | 6,823,260,119.24 | 6,113,945,181.48 | | Including: Operating income | 6,823,260,119.24 | 6,113,945,181.48 | | Interest income | | | | Gross earned premiums | | | | Service charge and
commission income | | | | II. Total Operating Cost | 6,677,448,308.64 | 5,834,173,859.41 | | Including: Operating costs | 4,763,315,408.28 | 4,126,031,197.39 | | Interest expenses | | | | Service charge and
commission expenses | | | | Surrender value | | | | Net compensation expenses | | | | Net appropriation of
insurance reserve | | | | Policy dividends expenses | | | | Reinsurance costs | | | | Tax and surcharges | 44,611,470.24 | 40,062,830.04 | | Selling expenses | 1,384,327,391.91 | 1,230,116,807.88 | | Administrative expenses | 318,066,421.22 | 284,607,914.39 | | R&D expenses | 184,757,002.29 | 149,022,696.00 | | Finance expenses | -17,629,385.30 | 4,332,413.71 | | Including: Interest fees | 19,013,291.75 | 1,920,599.68 | | Interest income | 27,680,922.66 | 8,463,204.46 | | Plus: Other income | 22,264,988.94 | 21,484,059.53 | | Return on investment ("-"
indicates loss) | 8,001,551.12 | 183,450.94 | | Including: Return on
investment in associates and joint
ventures | | | | Income from the
derecognition of financial assets
measured at amortized cost | | | | Exchange gains ("-" indicates
loss) | | | | Gains from net exposure
hedging ("-" indicates loss) | | | | Gains from changes in fair
value ("-" indicates loss) | | -67,357.16 | | Credit impairment losses ("-"
indicates loss) | 397,123.63 | 8,112,326.77 | | Asset impairment losses ("-"
indicates loss) | -2,245,967.54 | -3,577,954.39 | | Return on disposal of assets ("-
" indicates loss) | -856,881.82 | -583,315.84 | | III. Operating Profit ("-" indicates loss) | 173,372,624.93 | 305,322,531.92 | | Plus: Non-operating income | 4,957,824.32 | 14,334,881.42 | | Less: Non-operating expenditure | 4,842,174.39 | 6,334,055.03 | | IV. Total Profit ("-" indicates total loss) | 173,488,274.86 | 313,323,358.31 | | Less: Income tax expense | 8,756,863.00 | 39,367,509.06 | | V. Net Profit ("-" indicates net loss) | 164,731,411.86 | 273,955,849.25 | | i. Classified by operation continuity | | | | 1. Net profit from continued
operation ("-" indicates net loss) | 164,731,411.86 | 273,955,849.25 | | 2. Net profit from discontinued
operation ("-" indicates net loss) | | | | ii. Classified by attribution of
ownership | | | | 1. Net profit attributable to owners
of the parent company | 165,428,059.09 | 274,509,320.42 | | 2. Minority shareholders' profits and
losses | -696,647.23 | -553,471.17 | | VI. Net Amount of Other Comprehensive
Income after Tax | | | | Total other comprehensive after-tax net
income attributable to owners of the
parent company | | | | i. Other comprehensive income not
able to be reclassified into the profit or
loss | | | | 1. Changes of re-
measurement of the defined benefit plan | | | | 2. Other comprehensive
income that cannot be transferred into the
profit or loss under equity method | | | | 3. Changes in fair value of
investment in other equity instruments | | | | 4. Changes in fair value of
credit risk of the enterprise | | | | 5. Others | | | | ii. Other comprehensive income
reclassified into the profit or loss | | | | 1. Other comprehensive
income to be transferred into the profit or
loss under equity method | | | | 2. Changes in fair value of
investment in other creditor's rights | | | | 3. Financial assets
reclassified into other comprehensive
income | | | | 4. Impairment provision for
credit of investment in other creditor's
rights | | | | 5. Reserve of cash flow
hedge | | | | 6. Converted difference in
foreign currency financial statements | | | | 7. Others | | | | Total other comprehensive after-tax net
income attributable to minority
shareholders | | | | VII. Total Comprehensive Income | 164,731,411.86 | 273,955,849.25 | | Total comprehensive income
attributable to owners of the parent
company | 165,428,059.09 | 274,509,320.42 | | Total comprehensive income | -696,647.23 | -553,471.17 | | attributable to minority shareholders | | | | VIII. Earnings per Share: | | | | i. Basic earnings per share | 0.13 | 0.21 | | ii. Diluted earnings per share | 0.13 | 0.21 |
For business combinations of the current period under common control, the net profit realized by the combined party before the
combination is: RMB0.00; the net profit realized by the combined party in last period is: RMB0.00. Legal representative: Liu Peng Person in charge of accounting: Dong Ye Person in charge of accounting department: Xu Xianjing （未完） ![]()
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