[三季报]东方精工(002611):2024年第三季度报告（英文）
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时间：2024年10月25日 20:11:39 中财网 |
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原标题: 东方精工:2024年第三季度报告（英文）
GUANGDONG DONGFANG PRECISION SCIENCE & TECHNOLOGY CO., LTD. THE REPORT FOR THE THIRD QUARTER OF 2024
The Company as well as all members of the Board of Directors hereby guarantee the
factuality, accuracy, and completeness of the information disclosed, and its free of any
misrepresentations, misleading statements, or material omissions.
Important Notes:
1. The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior management of Guangdong Dongfang Precision Science & Technology Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy, and completeness of the
contents of this Report, and shall be jointly and severally liable for any misrepresentations, misleading
statements, or material omissions therein.
2. The Company’s legal representative, the Company’s Chief Financial Officer, and the person-in-charge
of the accounting organ hereby guarantee that the financial statements carried in this Report are factual,
accurate and complete.
rd
3. Whether the 3 quarter report has been audited
□ Yes √ No
The report for the 3rd quarter of 2024 of the Company has been prepared and released in Chinese, and now has been translated into English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail. I Key Financial Information
1. Key Financial Data and Indicators
Indicate whether there is any retrospectively restated datum in the table below. □ Yes √ No
| | Q3 2024 | Change (%) | Q1-Q3 2024 | Change (%) | | Operating revenue (RMB
yuan) | 1,144,651,410.20 | -7.96% | 3,305,840,317.60 | -0.61% | | Net profit attributable to
the listed company’s
shareholders (RMB
yuan) | 166,163,143.02 | 152.87% | 330,043,615.16 | 21.40% | | Net profit attributable to
the listed company’s
shareholders before
exceptional gains and
losses (RMB yuan) | 147,087,872.50 | 76.58% | 376,195,573.54 | 53.03% | | Net cash generated
from/used in operating
activities (RMB yuan) | —— | —— | 180,553,840.88 | -35.58% | | Basic earnings per share
(RMB yuan /share) | 0.13 | 116.67% | 0.27 | 17.39% | | Diluted earnings per
share (RMB yuan /share) | 0.13 | 116.67% | 0.27 | 17.39% | | Weighted average return
on equity (%) | 3.48% | 1.92% | 7.06% | 0.55% | | | End of this report period | End of previous year | Change (%) | | | Total assets (RMB) | 7,358,744,021.53 | 7,538,222,570.02 | -2.38% | | | Equity attributable to the
listed company’s
shareholders (RMB) | 4,834,948,999.27 | 4,511,690,693.97 | 7.16% | |
2. Non-recurring profit and loss items and amount
√ Applicable □ Not applicable
Unit: RMB
| Item | Q3 2024 | Q1-Q3 2024 | Notes | | Gain or loss on disposal of non-current assets
(inclusive of impairment allowance write-offs) | 52,838.72 | 5,145,113.03 | | | Government subsidies included in current profit and
loss (excluding those closely related to the
company’s normal business operations, in
compliance with national policies, enjoyed according
to specified standards, and having a continuous
impact on the company’s profit and loss) | 953,114.93 | 11,276,472.44 | | | Gains and losses from changes in the fair value of
financial assets and financial liabilities held by non-
financial enterprises, as well as gains and losses from
the disposal of financial assets and financial
liabilities, excluding effective hedging related to the
company’s normal business operations | 20,741,985.92 | -69,913,102.32 | | | Reversal of provision for impairment of accounts
receivables individually tested for impairment | 0.00 | 7,396.90 | | | Item | Q3 2024 | Q1-Q3 2024 | Notes | | Non-operating income and expenses other than the
above | 359,788.73 | 911,930.58 | | | Minus: Income tax effects | 2,732,018.27 | -7,463,752.24 | | | Non-controlling interests effects (net of tax) | 300,439.51 | 1,043,521.25 | | | Total | 19,075,270.52 | -46,151,958.38 | -- |
Other items that meet the definition of non-recurring profit and loss: □ Applicable √ Not applicable
No such cases for the Reporting Period.
Note of the reclassification of non-recurring items of profit or loss listed in "Explanatory Announcement No. 1 on Disclosure of
Information by Companies Issuing Public Securities - Non-recurring Profit or Loss" as recurring items of profit or loss:
□ Applicable √ Not applicable
No such cases for the Reporting Period.
| Items | September 30 2024 | January 1 2024 | Amount of Change | Rate of Change | Notes | | Construction in
progress | 273,997,390.82 | 195,557,097.80 | 78,440,293.02 | 40.11% | Mainly due to the increase in
investment in plant construction
during the period. | | Short-term
borrowings | 83,531,289.81 | 370,549,972.80 | -287,018,682.99 | -77.46% | Mainly due to the repayment of
short-term loans during the
period. | | Long-term
borrowings | 142,482,704.17 | 79,107,701.15 | 63,375,003.02 | 80.11% | Mainly due to the long-term
loans borrowed during the
period. | | Treasury stock | 117,523,041.40 | 218,298,532.79 | -100,775,491.39 | -46.16% | Mainly due to the cancellation of
treasury shares during the period. |
(2) Income statement items
| Items | Q1-Q3 2024 | Q1-Q3 2023 | Amount of Change | Rate of Change | Notes | | Finance costs | -15,444,740.77 | -8,599,075.90 | -6,845,664.87 | -79.61% | Mainly due to the increase in
interest income during the
period. | | Investment income | -13,662,448.24 | 35,657,924.30 | -49,320,372.54 | -138.32% | Mainly due to the decrease in the
income recognized on the
disposal of financial assets held
for trading during the period
compared with the same period
last year. | | Gain/loss on
changes in fair
value | -60,042,424.52 | -17,567,736.91 | -42,474,687.61 | -241.78% | Mainly due to the fluctuation of
fair value of financial assets held
for trading during the period. |
(3) Cash flow statement items
| Items | Q1-Q3 2024 | Q1-Q3 2023 | Amount of Change | Rate of Change | Notes | | Net cash generated
from/used in
operating activities | 180,553,840.88 | 280,283,974.12 | -99,730,133.24 | -35.58% | Mainly due to the decrease in
cash inflow from operating
activities during the period. | | Net cash generated
from/used in
investing activities | -283,193,122.66 | -135,972,237.59 | -147,220,885.07 | -108.27% | Mainly due to the investment in
financial assets during the
reporting period. | | Net cash generated
from/used in
financing activities | -84,745,986.04 | 293,884,410.84 | -378,630,396.88 | -128.84% | Mainly due to the repayment of
loans during the period. |
II Shareholder Information
1. Total Number of Ordinary Shareholders and Number of Preference Shareholders with Resumed Voting Rights, as well as Information of Top 10 Shareholders
Unit: shares
| Number of ordinary shareholders at
the period-end | 98,862 | Number of preference
shareholders with resumed
voting rights at the period-end
(if any) | 0 | | | | | Top 10 shareholders(excluding lending of shares through the facility) | | | | | | | | Name of shareholder | Nature of
shareholder | Shareholding
percentage | Total shares held
at the period-end | Restricted shares
held | Shares in pledge or frozen | | | | | | | | Status | Shares | | Tang Zhuolin | Domestic
individual | 22.21% | 270,737,568 | 203,053,176 | In pledge | 110,090,000 | | Tang Zhuomian | Domestic
individual | 7.95% | 96,885,134 | 0 | In pledge | 41,660,000 | | Luzhou Industrial
Development
Investment Group
Co., Ltd. | State-owned
corporation | 2.61% | 31,770,010 | 0 | Not applicable | 0 | | Qinghai Puren
Intelligent
Technology R & D
Center (Limited
Partnership) | Domestic non-
state-owned
corporation | 2.18% | 26,628,340 | 0 | Not applicable | 0 | | Pulead Technology
Industry Co., Ltd. | State-owned
corporation | 1.95% | 23,771,487 | 0 | Not applicable | 0 | | Qiu Yezhi | Domestic
individual | 1.92% | 23,382,388 | 17,536,791 | Not applicable | 0 | | Hong Kong
Securities Clearing
Company Limited | Overseas
corporation | 1.66% | 20,275,823 | 0 | Not applicable | 0 | | Liu Wucai | Domestic
individual | 0.54% | 6,597,688 | 0 | Not applicable | 0 | | Liu Lijun | Domestic
individual | 0.52% | 6,307,001 | 0 | Not applicable | 0 | | Beixin Ruifeng Fund
- Industrial and
Commercial Bank of
China - Beijing
Hengyu Tianze
Investment
Management Co.,
Ltd | Other | 0.51% | 6,171,777 | 0 | Not applicable | 0 | | Top 10 unrestricted ordinary shareholders(excluding lending of shares through the facility and restricted shares of senior
management) | | | | | | | | Name of shareholder | Unrestricted shares held at the period-end | Shares by type | | | | | | | | Type | Shares | | | | | Tang Zhuomian | 96,885,134 | RMB ordinary
shares | 96,885,134 | | | | | Tang Zhuolin | 67,684,392 | RMB ordinary
shares | 67,684,392 | | | | | Luzhou Industrial Development
Investment Group Co., Ltd. | 31,770,010 | RMB ordinary
shares | 31,770,010 | | | | | Qinghai Puren Intelligent | 26,628,340 | RMB ordinary | 26,628,340 | | | |
| Technology R & D Center (Limited
Partnership) | | shares | | | Pulead Technology Industry Co.,
Ltd. | 23,771,487 | RMB ordinary
shares | 23,771,487 | | Hong Kong Securities Clearing
Company Limited | 20,275,823 | RMB ordinary
shares | 20,275,823 | | Liu Wucai | 6,597,688 | RMB ordinary
shares | 6,597,688 | | Liu Lijun | 6,307,001 | RMB ordinary
shares | 6,307,001 | | Beixin Ruifeng Fund - Industrial and
Commercial Bank of China - Beijing
Hengyu Tianze Investment
Management Co., Ltd | 6,171,777 | RMB ordinary
shares | 6,171,777 | | Qiu Yezhi | 5,845,597 | RMB ordinary
shares | 5,845,597 | | Related or acting-in-concert parties
among the shareholders above | Tang Zhuolin and Tang Zhuomian are full brothers, they signed the Agreement on Acting in
Concert.
Pulead Technology Industry Co., Ltd., and Qinghai Puren Intelligent Technology R & D
Center (Limited Partnership) are acting-in-concert parties.
Except for these, the Company does not know whether the other shareholders are related
parties or whether they are acting-in-concert parties in accordance with the Measures for
the Administration of acquisitions of listed companies. | | | | Note on the top 10 shareholders'
participation in securities margin
trading (if any) | Luzhou Industrial Development Investment Group Co., Ltd., held 31,770,010 shares through
the credit securities account. | | |
Explanation on the shareholding of the repurchase account
As of the end of the Reporting Period, there were 21,330,432 shares in the Company’s special account for repurchase, accounting for
1.75% of its total share capital. As per the Shenzhen Stock Exchange Guideline No. 1 for the Self-regulation of Listed Companies—
Business Handling, the existence of a special account of repurchased shares among the top 10 shareholders should be specifically stated
but not included in the presentation of the top 10 shareholders. Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unlimited shares in circulation involved
in refinancing shares lending
□ Applicable √ Not applicable
The change of the top 10 shareholders and top 10 shareholders with unlimited shares from the previous period due to involved in
refinancing shares lending
□ Applicable √ Not applicable
2. Total Number of Preference Shareholders and Information of Top 10 Preference Shareholders □ Applicable √ Not applicable
III Other Significant Events
√Applicable □ Not applicable
1. On September 7, 2024, the Company disclosed the Announcement on Termination of Spin-off of Subsidiary to ChiNext Board
Listing. In view of the significant changes in the current market environment as compared with the beginning of the planning of the
spin-off and listing, in order to coordinate the business development of the Company's Water powersports equipment business segment
and the capital operation planning of its controlling subsidiary, Suzhou Parsun Power Machine Co., Ltd., and after full communication
on the ChiNext Board and to withdraw the relevant listing application documents. The aforesaid matters have been approved and passed
at the Eighth Meeting of the Fifth Session of the Board of Directors, the Seventh Meeting of the Fifth Session of the Supervisory
Committee and the Third Shareholders' Meeting of 2024, which were held in September 2024. And the Shenzhen Stock Exchange has
issued the “Decision on Termination of the Examination and Approval of the Initial Public Offering of Shares of Suzhou Parsun Power
Machine Co., Ltd. on September 26, 2024.
2. The Company disclosed the “2024 Employee Stock Ownership Plan (Draft)” on September 24, 2024. The total number of
employees to participate in the Employee Stock Ownership Plan is 53, of which 4 are directors and senior management of the Company.
The source of shares of the aforesaid plan is the Company's shares that have been repurchased, with an aggregate of not more than
21.33 million shares. The purchase price that the Employee Stock Ownership Plan buy the shares is 2.64 yuan per share. The
performance appraisal year of the Employee Stock Purchase Plan is three fiscal years from 2024 to 2026, and the appraisal indexes
include company-level performance appraisal indexes and individual-level performance appraisal indexes. During the lock-up period,
the corresponding underlying stock interests will be unlocked to the holders in three installments, taking into account the achievement
of the company-level performance appraisal and individual-level performance appraisal. The above matters have been approved and
passed at the Ninth Meeting of the Fifth Session of the Board of Directors, the Eighth Meeting of the Fifth Session of the Supervisory
Committee and the Fourth Meeting of Shareholders of 2024 held in September 2024 and October 2024, respectively.
IV Quarterly Financial Statements
1. Financial Statements
(1) Consolidated Balance Sheet
Prepared by: Guangdong Dongfang Precision Science & Technology Co., Ltd. September 30 2024
Unit: RMB
| Item | September 30 2024 | January 1 2024 | | Current assets: | | | | Cash and bank balances | 1,511,161,923.83 | 1,826,419,904.49 | | Settlement provisions | | | | Dismantling funds | | | | Financial assets held for trading | 694,013,791.87 | 682,625,442.45 | | Derivative financial assets | | | | Notes receivable | 64,495,670.46 | 47,661,412.88 | | Accounts receivable | 810,818,324.69 | 904,003,975.47 | | Receivable financing | 19,143,239.17 | 9,365,344.07 | | Prepayments | 41,647,159.88 | 45,741,143.90 | | Premium receivable | | | | Receivable reinsurance account | | | | Provision for reinsurance contract
receivable | | | | Other receivables | 35,595,325.36 | 51,797,943.96 | | Including: Interest receivable | | | | Dividend receivable | | | | Item | September 30 2024 | January 1 2024 | | Buy back resale financial assets | | | | Inventories | 1,300,113,787.27 | 1,182,411,055.68 | | Including: Data Resource | | | | Contract assets | 47,923,803.53 | 45,946,377.14 | | Assets held for sale | | | | Current portion of non-current
assets | 8,106,750.00 | 5,970,000.00 | | Other current assets | 60,401,976.33 | 75,234,656.07 | | Total current assets | 4,593,421,752.39 | 4,877,177,256.11 | | Non-current assets: | | | | Loans and advances | | | | Debt investment | | | | Other debt investments | | | | Long-term receivables | 4,655,870.40 | 4,308,196.00 | | Long-term equity investment | 113,466,856.36 | 117,265,884.84 | | Investment in other equity
instruments | | | | Other non-current financial assets | 528,452,857.06 | 461,278,259.67 | | Real estate investment | | | | Fixed assets | 607,860,016.10 | 611,851,577.04 | | Construction in progress | 273,997,390.82 | 195,557,097.80 | | Productive biological assets | | | | Oil and gas asset | | | | Right-of-use assets | 74,395,528.72 | 82,342,398.83 | | Intangible assets | 348,923,801.82 | 365,954,480.05 | | Including: Data Resource | | | | Development expenditure | | | | Including: Data Resource | | | | Goodwill | 439,910,008.15 | 440,633,826.08 | | Long-term prepaid expenses | 20,998,482.39 | 28,543,581.54 | | Deferred tax assets | 251,821,400.40 | 255,872,409.78 | | Other non-current assets | 100,840,056.92 | 97,437,602.28 | | Total non-current assets | 2,765,322,269.14 | 2,661,045,313.91 | | Total assets | 7,358,744,021.53 | 7,538,222,570.02 | | Current liabilities: | | | | Short-term borrowings | 83,531,289.81 | 370,549,972.80 | | Borrowing from the Central Bank | | | | Borrowed funds | | | | Financial liabilities held for trading | 116,017,452.87 | 115,900,827.21 | | Derivative financial liabilities | | | | Notes payable | 134,567,982.36 | 152,433,276.09 | | Accounts payable | 626,959,362.27 | 737,544,841.42 | | Item | September 30 2024 | January 1 2024 | | Advance receivables | | | | Contract liabilities | 512,277,268.83 | 645,608,919.34 | | Selling back financial assets | | | | Deposits and Interbank deposit | | | | Agent trading securities | | | | Agent underwriting securities | | | | Employee benefits payable | 129,245,646.06 | 153,282,932.10 | | Tax payable | 70,348,739.85 | 67,609,203.41 | | Other payables | 109,144,685.58 | 126,415,425.61 | | Including: Interest payable | | | | Dividend payable | | | | Fees and commissions | | | | Reinsurance accounts payable | | | | Liabilities held for sale | | | | Current portion of non-current
liabilities | 71,951,710.05 | 57,001,396.44 | | Other current liabilities | 27,180,282.96 | 9,145,175.01 | | Total current liabilities | 1,881,224,420.64 | 2,435,491,969.43 | | Non-current liabilities: | | | | Insurance contract reserve | | | | Long-term borrowings | 142,482,704.17 | 79,107,701.15 | | Bonds payable | | | | Including: Preference Shares | | | | Perpetual bonds | | | | Lease liabilities | 58,642,721.35 | 65,861,441.32 | | Long-term payables | | | | Long-term employee benefits
payable | 13,009,816.32 | 13,964,394.20 | | Provisions | 145,151,902.14 | 168,358,953.84 | | Deferred income | 9,119,496.66 | 9,956,991.66 | | Deferred tax liabilities | 2,949,832.99 | 8,854,294.28 | | Other non-current liabilities | 23,046,189.65 | 22,418,854.80 | | Total non-current liabilities | 394,402,663.28 | 368,522,631.25 | | Total Liabilities | 2,275,627,083.92 | 2,804,014,600.68 | | Equity: | | | | Share capital | 1,219,046,340.00 | 1,240,618,400.00 | | Other equity instruments | | | | Including: Preference Shares | | | | Perpetual bonds | | | | Capital surplus | 2,812,324,196.71 | 2,889,928,997.21 | | Less: Treasury stock | 117,523,041.40 | 218,298,532.79 | | Item | September 30 2024 | January 1 2024 | | Other comprehensive income | 65,639,587.86 | 75,122,078.52 | | Special reserve | 17,328,366.94 | 16,229,817.03 | | Surplus reserves | 51,830,974.45 | 51,830,974.45 | | General risk preparation | | | | Retained earnings | 786,302,574.71 | 456,258,959.55 | | Total equity attributable to owners of the
parent | 4,834,948,999.27 | 4,511,690,693.97 | | Non-controlling interests | 248,167,938.34 | 222,517,275.37 | | Total equity | 5,083,116,937.61 | 4,734,207,969.34 | | Total liabilities and equity | 7,358,744,021.53 | 7,538,222,570.02 |
(2) Consolidated Income Statement for Q1 - Q3 2024
Unit: RMB
| Item | Q1-Q3 2024 | Q1-Q3 2023 | | 1 Total operating revenue | 3,305,840,317.60 | 3,326,262,408.67 | | Including: Operating revenue | 3,305,840,317.60 | 3,326,262,408.67 | | Interest income | | | | Premiums earned | | | | Fee and commission income | | | | 2 Total operating cost | 2,755,956,437.59 | 2,911,839,993.09 | | Including: Cost of sales | 2,241,400,481.19 | 2,372,755,817.02 | | Interest expense | | | | Payment of fees and commission | | | | Surrender fund | | | | Net indemnity expenditure | | | | Draw the net reserve of insurance
liability contract | | | | Policy dividend expense | | | | Reinsurance cost | | | | Taxes and surcharges | 12,017,537.22 | 11,027,790.44 | | Selling expenses | 187,785,576.62 | 189,516,388.18 | | Administrative expenses | 253,919,063.09 | 255,513,959.93 | | R&D expenses | 76,278,520.24 | 91,625,113.42 | | Finance costs | -15,444,740.77 | -8,599,075.90 | | Including: Interest expenses | 13,580,085.39 | 9,193,820.94 | | Interest income | 34,158,211.45 | 22,427,791.25 | | Add: Other income | 11,276,472.44 | 6,535,876.93 | | Investment income (loss with "-" sign) | -13,662,448.24 | 35,657,924.30 | | Item | Q1-Q3 2024 | Q1-Q3 2023 | | Including: Share of profit or loss of joint
ventures and associates | -3,791,770.44 | -2,192,833.50 | | Income from derecognition of
financial assets measured at amortized cost (loss with
"-" sign) | | | | Exchange gain (loss with "-" sign) | | | | Net exposure hedging gain (loss with "-"
sign) | | | | Gain/loss on changes in fair value (loss with
"-" sign) | -60,042,424.52 | -17,567,736.91 | | Credit impairment loss (loss is listed with "-
" sign) | 1,261,996.64 | -1,835,764.65 | | Asset impairment loss (loss with "-" sign) | -7,220,053.98 | -6,916,232.58 | | Gain/loss on disposal of assets (loss with "-"
sign) | 5,147,318.18 | -2,306,859.05 | | 3 Operating profit (losses are listed with "-" sign) | 486,644,740.53 | 427,989,623.62 | | Add: Non-operating income | 1,478,268.69 | 4,247,134.69 | | Less: Non-operating expenses | 568,543.26 | 3,914,282.79 | | 5 Gross profit (the gross loss shall be filled in with the
sign "-") | 487,554,465.96 | 428,322,475.52 | | Less: Income tax expenses | 130,693,278.65 | 121,511,716.17 | | Net profit (net loss is listed with "-" sign) | 356,861,187.31 | 306,810,759.35 | | (1) Net profit from continuing operations | | | | i. Net profit from continuing operations (net loss
with "-" sign) | 356,861,187.31 | 306,810,759.35 | | ii. Net profit from termination of operation (net
loss with "-" sign) | | | | (2) Net profit classified by attribution of
ownership | | | | i. Net profit attributable to owners of the parent | 330,043,615.16 | 271,859,637.24 | | ii. Net profit attributable to non-controlling
interests | 26,817,572.15 | 34,951,122.11 | | 6 Other comprehensive income/(loss), net of tax | -9,405,860.75 | 18,843,327.93 | | Other comprehensive income/(loss) attributable
to owners of the parent, net of tax | -9,482,490.66 | 19,060,453.28 | | (1) Other comprehensive loss that will not be
reclassified to profit or loss | 260,627.44 | -336,960.08 | | i. Changes caused by re measurements
on defined benefit schemes | 260,627.44 | -336,960.08 | | ii. Other comprehensive income that
cannot be transferred to profit or loss under the equity
method | | | | Item | Q1-Q3 2024 | Q1-Q3 2023 | | iii. Changes in fair value of investments
in other equity instruments | | | | iv. Fair value change of enterprise's
own credit risk | | | | v. Other | | | | (2) Other comprehensive income/(loss) that
will be reclassified to profit or loss | -9,743,118.10 | 19,397,413.36 | | i. Other comprehensive income that can
be transferred to profit or loss under the equity method | | | | ii. Changes in fair value of other debt
investments | | | | iii. The amount of financial assets
reclassified to other comprehensive income | | | | iv. Provision for credit impairment of
other debt investments | | | | v. Cash flow hedging reserve | | | | vi. Differences arising from the
translation of foreign currency-denominated financial
statements | -9,743,118.10 | 19,397,413.36 | | vii. Other | | | | Other comprehensive income attributable to non-
controlling interests, net of tax | 76,629.91 | -217,125.35 | | Total comprehensive income | 347,455,326.56 | 325,654,087.28 | | Total comprehensive income attributable to
owners of the parent | 320,561,124.50 | 290,920,090.52 | | Total comprehensive income attributable to non-
controlling interests | 26,894,202.06 | 34,733,996.76 | | Earnings per share: | | | | (1) Basic earnings per share | 0.27 | 0.23 | | (2) Diluted earnings per share | 0.27 | 0.23 |
(3) Consolidated Statement of Cash Flows for Q1-Q3 2024 （未完）
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