[三季报]润丰股份(301035):2024年第三季度报告（英文版）
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时间：2024年10月27日 16:40:36 中财网 |
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原标题: 润丰股份:2024年第三季度报告（英文版）
Stock code: 301035 Stock abbreviation: Rainbow Agro Announcement No.: 2024-058 SHANDONG WEIFANG RAINBOW CHEMICAL CO., LTD
The Third Quarter Report of 2024
The Company and all members of the Board of Directors warrant that the contents of the Semi-annual Report are true, accurate
and complete, without false records, misleading statements or major omissions.
Important Notes:
1. The Board of Directors, Board of Supervisors, directors, supervisors and senior management warrant that the contents of the
Quarterly Report are true, accurate and complete, without false records, misleading statements or major omissions, and shall bear
individual and collective legal liabilities.
2. The legal representative of the Company, the chief accountant in charge, and the chief of the accounting institution (accounting
supervisor), stated that the financial report in the Quarterly Report is true, accurate and complete.
3. Whether the Third Quarter Report is audited
? Yes ? No
I. Key Financial Data
(I) Key Accounting Data and Financial Indicators
Whether the Company needs to retroactively adjust or restate the accounting data of previous years ? Yes ? No
| | Q3 2024 | Year-on-year increase or
decrease (Q3 2024) | From the start of 2024
to the end of Q3 2024 | Year-on-year increase or
decrease (from the start
of 2024 to the end of Q3
2024) | | Operating income
(RMB) | 4,103,439,313.20 | 18.07% | 9,785,195,972.58 | 14.86% | | Net profit attributable
to shareholders of the
Company (RMB) | 159,769,717.17 | -46.25% | 341,563,969.19 | -52.67% | | Net profit attributable
to shareholders of the
Company excluding non-
recurring gains and
losses (RMB) | 164,711,368.44 | -44.51% | 340,745,620.67 | -52.43% | | Net cash flow from
operating activities
(RMB) | -- | -- | 459,081,421.38 | 286.56% | | Basic earnings per share
(RMB/Share) | 0.57 | -46.73% | 1.23 | -52.69% | | Diluted earnings per
share (RMB/Share) | 0.57 | -46.23% | 1.22 | -52.71% | | Weighted average
return on net assets | 2.46% | -2.22% | 5.20% | -6.22% | | | End of Q3 2024 | End of 2023 | Increase or decrease of the end of Q3 2024
compared with the end of 2023 | | | Total assets (RMB) | 16,015,227,979.32 | 14,897,954,098.13 | 7.50% | | | Equity attributable to
shareholders of the
Company (RMB) | 6,510,044,339.17 | 6,546,153,851.24 | -0.55% | |
(II) Items and Amounts of Non-recurring Gains and Losses
? Applicable ? Not applicable
| Item | Amount of Q3 2024 | Amount from the start of 2024
to the end of Q3 2024 | Notes | | Gains and losses on disposal of
noncurrent assets (including
write-offs of asset impairment
provisions) | -3,139,269.50 | -2,446,017.98 | | | Government subsidies
included in the current gains
and losses (excluding the
government subsidies closely
related to the normal
operation of the Company, in
line with national policies, | 152,445.53 | 3,476,389.23 | |
| received by a standard quota
or quantity, and consecutively
affecting the Company's gains
and losses) | | | | | Gains and losses arising from
changes in the fair value of
financial assets and liabilities
held by non-financial
companies, and gains and
losses from the disposal of
financial assets and liabilities,
other than the effective
hedging business related to
the normal operation of the
Company | 2,400,144.23 | 2,842,545.72 | | | Other non-operating revenue
and expenditure other than
those mentioned above | -4,521,120.32 | -3,794,058.33 | | | Other gains and losses items
that meet the definition of
non-recurring gains and losses | 0.00 | 967,783.00 | | | Less: affected amount of
income tax | -142,368.78 | 240,978.05 | | | Affected amount of
minority shareholders' equity
(after tax) | -23,780.01 | -12,684.93 | | | Total | -4,941,651.27 | 818,348.52 | -- |
Other gains and losses items that meet the definition of non-recurring gains and losses: ? Applicable ? Not applicable
Other gains and losses items that meet the definition of non-recurring gains and losses are personal income tax commission
refunds
Reasons for the non-recurring gains and losses items listed in Explanatory Announcement on Information Disclosure for Companies
Offering Their Securities to the Public No.1 - Non-recurring Gains and Losses recognized as recurring gains and losses items
? Applicable ? Not applicable
There is no circumstance where the non-recurring gains and losses items listed in Explanatory Announcement on Information
Disclosure for Companies Offering Their Securities to the Public No.1 - Non-recurring Gains and Losses are recognized as recurring
gains and losses items.
(III) Changes to Key Accounting Data and Financial Indicators and Reasons ? Applicable ? Not applicable
1. Balance sheet items
Unit: RMB
| Item | September 30, 2024 | December 31, 2023 | Percentage of
change (%) | Reason for change | | Financial assets
held for trading | - | 6,000,000.00 | -100.00% | Mainly due to the redemption of bank
financial products during the reporting period | | Notes receivable | 13,543,331.46 | 55,955,879.66 | -75.80% | Mainly due to the decrease in endorsed bank
acceptance notes outstanding during the
reporting period | | Receivables
financing | - | 500,000.00 | -100.00% | Mainly due to the transfer of bank acceptance
notes endorsement during the reporting
period | | Other non-
current assets | 135,921,984.56 | 91,304,780.64 | 48.87% | Mainly due to the increase in advance
payments for construction and equipment
during the reporting period | | Other receivables | 80,083,121.49 | 44,646,181.87 | 79.37% | Mainly due to the increase in customs
clearance fees and travel reserves during the
reporting period | | Assets with rights
of use | 26,362,553.84 | 14,463,991.44 | 82.26% | Mainly due to the increase in leases of
warehouse premises during the reporting
period | | Development
expenditure | 153,604,861.25 | 36,791,601.49 | 317.50% | Mainly due to the increase in capitalized
expenditures such as registration-related test
fees during the reporting period | | Long-term
deferred
expenses | 21,045,353.52 | 34,125,613.10 | -38.33% | Mainly due to amortization during the
reporting period | | Derivative
financial liabilities | 5,987,785.44 | 4,141,579.45 | 44.58% | Mainly due to the value fluctuation of forward
settlement and sale of foreign exchange
business during the reporting period | | Advance receipts | - | 232,358.87 | -100.00% | Mainly due to the decrease in rent received in
advance during the reporting period | | Contract liability | 108,294,131.36 | 29,592,998.73 | 265.95% | Mainly caused by increase in customer
payments accepted in advance during the
reporting period | | Other payables | 134,887,603.30 | 81,107,290.26 | 66.31% | Mainly due to the increase in customer
deposits during the reporting period | | Non-current
liabilities due
within one year | 104,853,114.25 | 9,623,075.76 | 989.60% | Mainly due to the increase in long-term
borrowings due within one year during the
reporting period |
| Other current
liabilities | 1,247,007.73 | 57,442,707.33 | -97.83% | Mainly due to the decrease in endorsed
acceptance notes outstanding during the
reporting period | | Long-term loan | 334,080,444.74 | 77,624,331.91 | 330.38% | Mainly due to the increase in long-term bank
borrowings during the reporting period | | Lease liability | 19,474,141.10 | 8,219,602.23 | 136.92% | Mainly due to the increase in leases of
warehouse premises during the reporting
period | | Other
comprehensive
income | -96,348,618.13 | -53,797,771.67 | -79.09% | Mainly due to the decrease in translation
differences of foreign currency statements
during the reporting period | | Special reserve | 16,528,546.62 | 38,596,260.53 | -57.18% | Mainly due to the use of production safety
expenses during the reporting period |
2. Income statement items
Unit: RMB
| Item | January-September
2024 | January-September
2023 | Percentage of
change (%) | Reason for change | | Sales expenses | 423,513,169.91 | 234,290,589.90 | 80.76% | Mainly due to the increase in overseas staff
salaries, registration fees, travel expenses,
consulting fees and publicity fees during the
reporting period | | R&D
expenditures | 125,724,753.40 | 240,452,310.43 | -47.71% | Mainly due to the decrease in registration-
related test fees during the reporting period | | Financial
expenses | 523,064,338.76 | -46,575,991.60 | 1223.03% | Mainly due to the substantial increase in
exchange losses during the reporting period | | Other income | 3,991,872.23 | 6,025,597.76 | -33.75% | Mainly due to the decrease in the amount of
government subsidies received during the
reporting period | | Investment
returns | 49,165,040.33 | -228,488,390.61 | 121.52% | Mainly due to the investment returns from
the disposal of derivative financial assets
during the reporting period | | Income from
changes in fair
value | 2,019,179.28 | 53,774,061.86 | -96.25% | Mainly due to changes in the fair value of
derivative financial assets during the reporting
period | | Asset impairment
losses | -2,669,069.36 | 486,336.57 | -648.81% | Mainly due to the increase in inventory
depreciation reserves during the reporting
period | | Gains from asset
disposal | 372,584.56 | 850,034.53 | -56.17% | Mainly due to the decrease in fixed asset
disposal during the reporting period |
| Non-operating
income | 5,516,285.50 | 10,413,134.78 | -47.03% | Mainly due to the decrease in the amount of
government subsidies received during the
reporting period |
3. Cash flow statement items
Unit: RMB
| Item | January-September
2024 | January-September
2023 | Percentage of
change (%) | Reason for change | | Net cash flow
from operating
activities | 459,081,421.38 | -246,078,338.95 | 286.56% | Mainly due to the year-on-year increase in
collected payments during the reporting
period | | Net cash flow in
investment
activities | -380,872,460.35 | -641,070,393.53 | 40.59% | Mainly due to the increase in investment
returns from the disposal of derivative
financial assets during the reporting period | | Net cash flow
from financing
activities | 577,415,944.78 | 411,177,977.26 | 40.43% | Mainly due to the year-on-year increase in
borrowings during the reporting period |
II. Shareholder Information
(I) The number of common shareholders, the number of preferred shareholders whose voting rights have
been restored and the shareholdings of the top ten shareholders Unit: Share
| Number of common shareholders
as of the end of Q3 2024 | 6,707 | Number of preferred shareholders whose voting rights
have been restored as of the end of Q3 2024 (if any) | 0 | | | | | Shareholdings of the top 10 shareholders (excluding shares lent through refinancing) | | | | | | | | Name of
shareholder | Shareholder
nature | Shareholding
ratio | Shareholding
quantity | Quantity of
restricted shares
held | Pledge, mark or freeze | | | | | | | | Share status | Quantity | | Shandong Rainbow
Investment Co.,
Ltd | Domestic non-
state-owned
legal person | 41.24% | 114,911,237 | 0 | Pledge | 51,008,000 | | KONKIA INC | Overseas legal
person | 21.96% | 61,191,800 | 0 | Not applicable | 0 | | Shandong Rainbow
Agrosciences
Investment Co.,
Ltd. | Domestic non-
state-owned
legal person | 4.70% | 13,105,690 | 0 | Not applicable | 0 | | Orient Securities
Company Limited -
Zhonggeng Value
Pioneer Equity
Securities
Investment Fund | Other | 2.99% | 8,338,206 | 0 | Not applicable | 0 | | Pei Xubo | Domestic
natural person | 2.82% | 7,850,013 | 0 | Not applicable | 0 |
| Jinan Xinbo
Investment Co.,
Ltd. | Domestic non-
state-owned
legal person | 2.81% | 7,840,686 | 0 | Pledge | 7,827,700 | | Industrial and
Commercial Bank
of China Co., Ltd. -
BOCOM Schroder
Trend Priority
Hybrid Securities
Investment Fund | Other | 2.80% | 7,797,954 | 0 | Not applicable | 0 | | China Merchants
Bank Co., Ltd. -
BOCOM Schroder
Qicheng Hybrid
Securities
Investment Fund | Other | 1.18% | 3,283,069 | 0 | Not applicable | 0 | | Industrial and
Commercial Bank
of China Co., Ltd. -
E Fund ChiNext
Trading Open-End
Index Securities
Investment Fund | Other | 0.96% | 2,676,983 | 0 | Not applicable | 0 | | GF Securities Co.,
Ltd. - Zhonggeng
Small Cap Value
Equity Investment
Fund | Other | 0.70% | 1,953,288 | 0 | Not applicable | 0 | | Shareholdings of the top 10 shareholders of unrestricted shares (excluding shares lent through refinancing and executive lock-up
shares) | | | | | | | | Name of shareholder | Quantity of unrestricted shares held | Type and quantity of shares | | | | | | | | Type of shares | Quantity | | | | | Shandong Rainbow Investment Co.,
Ltd | 114,911,237 | RMB-
denominated
common shares | 114,911,237 | | | | | KONKIA INC | 61,191,800 | RMB-
denominated
common shares | 61,191,800 | | | | | Shandong Rainbow Agrosciences
Investment Co., Ltd. | 13,105,690 | RMB-
denominated
common shares | 13,105,690 | | | | | Orient Securities Company Limited -
Zhonggeng Value Pioneer Equity
Securities Investment Fund | 8,338,206 | RMB-
denominated
common shares | 8,338,206 | | | | | Pei Xubo | 7,850,013 | RMB-
denominated
common shares | 7,850,013 | | | | | Jinan Xinbo Investment Co., Ltd. | 7,840,686 | RMB-
denominated
common shares | 7,840,686 | | | | | Industrial and Commercial Bank of
China Co., Ltd. - BOCOM Schroder
Trend Priority Hybrid Securities
Investment Fund | 7,797,954 | RMB-
denominated
common shares | 7,797,954 | | | | | China Merchants Bank Co., Ltd. -
BOCOM Schroder Qicheng Hybrid | 3,283,069 | RMB-
denominated | 3,283,069 | | | |
| Securities Investment Fund | | common shares | | | Industrial and Commercial Bank of
China Co., Ltd. - E Fund ChiNext
Trading Open-End Index Securities
Investment Fund | 2,676,983 | RMB-
denominated
common shares | 2,676,983 | | GF Securities Co., Ltd. - Zhonggeng
Small Cap Value Equity Investment
Fund | 1,953,288 | RMB-
denominated
common shares | 1,953,288 | | Explanation of the above-mentioned shareholder
relationship or concerted action | Shandong Rainbow Investment Co., Ltd., KONKIA INC and Shandong
Rainbow Agrosciences Investment Co., Ltd. are enterprises controlled by
Wicky Wang, Guoqing Sun and Hongbing Qiu, the actual controllers of
the Company Other than that, the Company is not aware whether the
above-mentioned shareholders are associated or are persons acting in
concert. | | | | Engagement of the top 10 shareholders in securities
margin trading business (if any) | Pei Xubo holds 7,850,013 shares of the Company through the customer
credit transaction guarantee securities account of CITIC Securities
(Shandong) Co., Ltd., and 0 shares of the Company through the general
account, totaling 7,850,013 shares of the Company. | | |
Participation of the shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unrestricted
outstanding shares in refinancing business to lend shares
? Applicable ? Not applicable
Unit: Share
| Participation of the shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with unrestricted
outstanding shares in refinancing business to lend shares | | | | | | | | | | Name of
shareholder
(in full) | General account and
credit account holdings at
the beginning of the
period | | Shares lent through
refinancing at the
beginning of the period
and not yet returned | | General account and credit
account holdings at the
end of the period | | Shares lent through
refinancing at the end of
the period and not yet
returned | | | | Total
quantity | Proportion
to total
shares | Total
quantity | Proportion
to total
shares | Total
quantity | Proportion
to total
shares | Total
quantity | Proportion
to total
shares | | Industrial and
Commercial
Bank of China
Co., Ltd. - E
Fund ChiNext
Trading
Open-End
Index
Securities
Investment
Fund | 1,268,569 | 0.46% | 110,900 | 0.04% | 2,676,983 | 0.96% | 0 | 0.00% |
Changes from the previous period due to lending/returning via refinancing by top 10 shareholders and top 10 shareholders with
unrestricted outstanding shares
? Applicable ? Not applicable
Unit: Share
| Changes from the previous period due to lending/returning via refinancing by top 10 shareholders and top 10 shareholders with
unrestricted outstanding shares | | | | | Name of
shareholder (in full) | Additions/withdraw
als during the
reporting period | Quantity of shares lent and not yet
returned through refinancing at the end
of the period | Quantity of shares held in shareholders'
general accounts, credit accounts and
shares lent via refinancing and not yet
returned at the end of the period |
| | | Total quantity | Proportion to total
shares | Total quantity | Proportion to total
shares | | Industrial and
Commercial Bank of
China Co., Ltd. - E
Fund ChiNext
Trading Open-End
Index Securities
Investment Fund | Addition | 0 | 0.00% | 2,676,983 | 0.96% |
(II) The number of preferred shareholders and the shareholdings of the top ten preferred shareholders
? Applicable ? Not applicable
(III) Changes in restricted shares
? Applicable ? Not applicable
Unit: Share
| Name of
shareholder | Quantity of
restricted shares
at the beginning
of the period | Quantity of
shares released
from restricted
sales during the
period | Increase in
the quantity
of shares
subject to
restricted
sales during
the period | Quantity of
restricted
shares at the
end of the
period | Reason for
restricted sale | Proposed date of release
of restrictions | | Shandong
Rainbow
Investment Co.,
Ltd | 114,911,237 | 114,911,237 | 0 | 0 | Pre-launch
restricted
shares | Sales restrictions were
lifted on July 28, 2024 | | KONKIA INC | 61,191,800 | 61,191,800 | 0 | 0 | Pre-launch
restricted
shares | Sales restrictions were
lifted on July 28, 2024 | | Shandong
Rainbow
Agrosciences
Investment Co.,
Ltd. | 13,105,690 | 13,105,690 | 0 | 0 | Pre-launch
restricted
shares | Sales restrictions were
lifted on July 28, 2024 | | Shen Jie | 44,940 | 0 | 0 | 44,940 | Executive lock-
up shares | During the tenure, 75%
of the total number of
shares held by the
executive will be
automatically locked
every year according to
regulations. | | Xing Bingpeng | 63,337 | 0 | 0 | 63,337 | Executive lock-
up shares | During the tenure, 75%
of the total number of
shares held by the
executive will be
automatically locked
every year according to
regulations. | | Wang Wencai | 0 | 0 | 295,350 | 295,350 | Executive lock-
up shares | During the tenure, 75%
of the total number of
shares held by the
executive will be |
| | | | | | | automatically locked
every year according to
regulations. | | Total | 189,317,004 | 189,208,727 | 295,350 | 403,627 | -- | -- |
III. Other important matters
? Applicable ? Not applicable
IV. Quarterly Financial Statements
(I) Financial Statements
1. Consolidated balance sheet
Prepared by: Shandong Weifang Rainbow Chemical Co., Ltd.
September 30, 2024
| Item | Closing balance | Opening balance | | Current assets: | | | | Monetary funds | 3,906,952,897.50 | 3,271,577,916.51 | | Deposit reservation for balance | 0.00 | | | Lending to banks and other financial
institutions | 0.00 | | | Financial assets held for trading | 0.00 | 6,000,000.00 | | Derivative financial assets | 3,566,365.65 | | | Notes receivable | 13,543,331.46 | 55,955,879.66 | | Accounts receivable | 4,869,231,931.72 | 4,707,041,417.82 | | Receivables financing | 0.00 | 500,000.00 | | Pre-payments | 164,825,194.04 | 129,020,462.65 | | Premium receivable | 0.00 | | | Re-insurance accounts receivable | 0.00 | | | Reserves for re-insurance contract
receivable | 0.00 | | | Other receivables | 80,083,121.49 | 44,646,181.87 | | Including.: interest receivable | | | | Dividends receivable | 0.00 | | | Financial assets purchased under resale
agreement | 0.00 | | | Inventory | 3,245,680,453.50 | 3,336,332,619.58 | | Including: Data resources | 0.00 | | | Contracted assets | 0.00 | | | Assets held for sale | 0.00 | | | Non-current assets that mature within
one year | 0.00 | | | Other current assets | 349,817,708.95 | 329,901,506.56 | | Total current assets | 12,633,701,004.31 | 11,880,975,984.65 | | Non-current assets: | | | | Disbursed loans and advances | 0.00 | | | Debt investments | 0.00 | | | Other debt investment | 0.00 | | | Long-term receivables | 0.00 | |
| Long-term equity investment | 1,117,049.65 | 1,445,021.57 | | Other equity instrument investment | 0.00 | | | Other non-current financial assets | 0.00 | | | Investment real estate | 8,044,085.42 | 8,512,192.20 | | Fixed assets | 2,188,698,232.11 | 2,008,437,417.28 | | Construction in progress | 383,998,009.60 | 395,645,781.60 | | Productive biological assets | 0.00 | | | Oil and gas assets | 0.00 | | | Assets with rights of use | 26,362,553.84 | 14,463,991.44 | | Intangible assets | 254,262,644.11 | 214,122,877.97 | | Including: Data resources | | | | Development expenditure | 153,604,861.25 | 36,791,601.49 | | Including: Data resources | | | | Goodwill | 94,866,025.56 | 94,866,025.56 | | Long-term deferred expenses | 21,045,353.52 | 34,125,613.10 | | Deferred income tax assets | 113,606,175.39 | 117,262,810.63 | | Other non-current assets | 135,921,984.56 | 91,304,780.64 | | Total non-current assets | 3,381,526,975.01 | 3,016,978,113.48 | | Total assets | 16,015,227,979.32 | 14,897,954,098.13 | | Current liabilities: | | | | Short-term loan | 2,877,981,179.10 | 2,261,455,023.95 | | Borrowings from the central bank | 0.00 | | | Borrowing from banks and financial
institutions | 0.00 | | | Financial liabilities held for trading | 0.00 | | | Derivative financial liabilities | 5,987,785.44 | 4,141,579.45 | | Notes payable | 3,861,997,193.68 | 4,057,148,069.12 | | Accounts payable | 1,353,174,000.25 | 1,096,628,295.09 | | Advance receipts | 0.00 | 232,358.87 | | Contract liability | 108,294,131.36 | 29,592,998.73 | | Financial assets sold for repurchase | 0.00 | | | Deposits and interbank deposits
received | 0.00 | | | Amount received from agency trading
of securities | 0.00 | | | Amount received from agency
underwriting of securities | 0.00 | | | Payroll payable | 191,711,577.71 | 218,457,162.23 | | Taxes payable | 92,243,243.23 | 77,730,510.55 | | Other payables | 134,887,603.30 | 81,107,290.26 | | Including: Interests payable | | | | Dividends payable | | | | Charges and commissions payable | 0.00 | | | Re-insurance accounts payable | 0.00 | | | Liabilities held for sale | 0.00 | | | Non-current liabilities due within one
year | 104,853,114.25 | 9,623,075.76 | | Other current liabilities | 1,247,007.73 | 57,442,707.33 | | Total current liabilities | 8,732,376,836.05 | 7,893,559,071.34 | | Non-current liabilities: | | | | Provision for insurance contracts | 0.00 | | | Long-term loan | 334,080,444.74 | 77,624,331.91 | | Bonds payable | 0.00 | | | Including: Preferred shares | 0.00 | | | Perpetual bonds | 0.00 | |
| Lease liability | 19,474,141.10 | 8,219,602.23 | | Long-term payables | 0.00 | | | Long-term payroll payable | 0.00 | | | Accrued liabilities | 0.00 | | | Deferred income | 10,674,250.60 | 11,713,887.21 | | Deferred income tax liabilities | 56,586,543.51 | 67,145,243.72 | | Other non-current liabilities | 0.00 | | | Total non-current liabilities | 420,815,379.95 | 164,703,065.07 | | Total liabilities | 9,153,192,216.00 | 8,058,262,136.41 | | Owner’s equity: | | | | Share capital | 278,662,094.00 | 278,662,094.00 | | Other equity instruments | | | | Including: Preferred shares | | | | Perpetual bonds | | | | Capital reserve | 2,398,698,602.30 | 2,382,932,252.27 | | Less: Treasury stock | | | | Other comprehensive income | -96,348,618.13 | -53,797,771.67 | | Special reserve | 16,528,546.62 | 38,596,260.53 | | Surplus reserve | 158,674,657.07 | 158,674,657.07 | | General risk reserve | | | | Undistributed profit | 3,753,829,057.31 | 3,741,086,359.04 | | Total owners' equity attributed to parent
company | 6,510,044,339.17 | 6,546,153,851.24 | | Minority shareholder’s interest | 351,991,424.15 | 293,538,110.48 | | Total owner’s equity | 6,862,035,763.32 | 6,839,691,961.72 | | Total liabilities and owners’ equity | 16,015,227,979.32 | 14,897,954,098.13 |
（未完）
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