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长电科技(600584) - 2017 Q1 - 季度财报
2017-04-28 16:00
Financial Performance - Operating revenue increased by 43.29% to CNY 5,024,584,279.27 year-on-year[6] - Net profit attributable to shareholders rose by 36.03% to CNY 38,297,685.26 compared to the same period last year[6] - Basic earnings per share increased by 47.06% to CNY 0.04 compared to the previous year[6] - Net cash flow from operating activities increased by 40.36% to CNY 268,301,121.97 year-on-year[6] - The company reported a significant increase in user data and market expansion strategies, although specific figures were not disclosed in the report[6] Shareholder Information - The total number of shareholders reached 71,251[9] - The largest shareholder, Jiangsu Xinchao Technology Group Co., Ltd., holds 18.37% of the shares[9] Assets and Liabilities - Total assets decreased by 1.30% to CNY 29,332,407,353.33 compared to the end of the previous year[6] - Total liabilities decreased to ¥22,768,373,409.22 from ¥23,046,963,350.01, a decline of about 1.2%[21] - Total equity decreased to ¥6,564,033,944.11 from ¥6,672,287,566.42, a reduction of approximately 1.6%[21] - Total current assets decreased to ¥7,450,603,517.78 from ¥7,736,220,965.10, a decline of about 3.7%[19] - Total non-current assets decreased to ¥21,881,803,835.55 from ¥21,983,029,951.33, a reduction of approximately 0.5%[20] Cash Flow - Cash flow from operating activities increased by 40.36% to ¥268,301,121.97, driven by higher revenue[13] - Cash and cash equivalents increased to ¥2,505,654,637.76 from ¥2,249,227,428.14, representing a growth of approximately 11.4%[19] - Cash inflow from financing activities was CNY 2,307,824,562.56, significantly higher than CNY 1,345,955,779.27, reflecting an increase of about 71.5%[35] - Net cash flow from financing activities was CNY 297,518,960.89, compared to CNY 106,836,402.18 in the previous year, marking an increase of approximately 178.5%[35] Operating Costs - The operating cost increased by 45.65% to ¥4,531,567,199.23 from ¥3,111,283,097.74, primarily due to increased orders this year[11] - Total operating costs for Q1 2017 were CNY 5,259,950,791.09, up 40.6% from CNY 3,735,929,687.07 in Q1 2016[27] Investment and Financing Activities - The company plans to acquire stakes in Changdian New Technology and Changdian New Peng through a share issuance, with conditional approval from the China Securities Regulatory Commission[14] - The fair value change in investment income decreased by 92.88% to ¥1,130,033.44, compared to ¥15,877,845.66 in the previous year, due to lower dividend distributions from associated companies[11] Changes in Receivables and Payables - Accounts receivable decreased to ¥2,182,491,932.58 from ¥2,721,799,833.41, a decline of about 19.8%[19] - Accounts payable decreased to ¥3,210,278,320.42 from ¥3,774,832,742.97, a decline of approximately 15%[20] Other Financial Metrics - The weighted average return on equity increased by 0.17 percentage points to 0.83%[6] - Non-recurring gains and losses totaled CNY 115,267,514.92 for the period[10]
长电科技(600584) - 2016 Q4 - 年度财报
2017-04-19 16:00
Financial Performance - The company's operating revenue for 2016 was CNY 19.15 billion, an increase of 77.24% compared to CNY 10.81 billion in 2015[22]. - The net profit attributable to shareholders for 2016 was CNY 106.33 million, representing a 104.50% increase from CNY 51.99 million in 2015[22]. - The cash flow from operating activities for 2016 was CNY 2.67 billion, up 52.88% from CNY 1.75 billion in 2015[22]. - The total assets at the end of 2016 were CNY 29.72 billion, a 16.28% increase from CNY 25.56 billion at the end of 2015[22]. - The company's net assets attributable to shareholders increased by 6.65% to CNY 4.59 billion at the end of 2016 from CNY 4.31 billion at the end of 2015[22]. - The basic earnings per share for 2016 was CNY 0.10, doubling from CNY 0.05 in 2015[23]. - The company experienced a net loss of CNY 205.88 million after deducting non-recurring gains and losses in 2016[22]. - The fourth quarter of 2016 saw operating revenue of CNY 5.87 billion, with a net profit of CNY 46.62 million attributable to shareholders[26]. - The company reported a significant increase in revenue due to the addition of new business from JSCK, contributing CNY 2.368 billion[24]. - The company reported a total operating cost of ¥16,795,786,312.65 for the electronic components segment, which is a 15.10% increase from the previous year[60]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.15 CNY per 10 shares, totaling 15,538,722.17 CNY based on a total share capital of 1,035,914,811 shares as of the end of 2016[5]. - The company will not conduct a capital reserve transfer to increase share capital or issue bonus shares for the fiscal year 2016[5]. - The company’s profit distribution plan for 2016 was approved by the board and shareholders, ensuring compliance with corporate governance standards[101]. - The company has maintained a consistent dividend policy over the past three years, with cash dividends paid in 2014, 2015, and 2016[102]. - The cash dividend for the 2015 fiscal year was 0.10 RMB per 10 shares, amounting to 10,359,148.11 RMB, with a net profit attributable to shareholders of 51,997,451.04 RMB, representing 19.92% of the total[102]. - In 2016, the net profit attributable to shareholders was 106,334,424.75 RMB, with a cash dividend payout ratio of 14.61%[102]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[4]. - The board of directors, supervisors, and senior management confirm the accuracy and completeness of the annual report[2]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting investment risks[6]. - The company has not provided guarantees in violation of regulatory decision-making procedures[7]. - The company has committed to protecting the rights of minority shareholders through transparent decision-making processes regarding profit distribution[101]. - The audit fee for Ernst & Young Huaming for the year was RMB 2.9 million, with an additional RMB 800,000 for internal control audits[108]. Operational Developments - The company has detailed risk factors in the report, which investors are advised to review in the section discussing future developments[7]. - The report includes a comprehensive discussion and analysis of the company's operational conditions and future outlook[9]. - The company has successfully expanded its customer base, with significant order increases from major domestic clients and notable progress with three major Asian clients[44]. - The company has implemented a new factory for the integrated circuit business center, providing additional capacity for future growth[44]. - The company is focusing on enhancing its IT information management system to improve integration and operational efficiency[45]. - The company has established low-cost production bases in Chuzhou and Suqian, with Suqian showing a 70% reduction in losses compared to the previous year[39]. Market and Industry Position - The company's main business includes integrated circuit packaging and testing, as well as chip design and manufacturing for discrete devices, serving both domestic and international clients[33]. - In 2016, China's integrated circuit industry revenue grew by 20.1%, significantly outpacing the global growth rate of 1.1%, with the packaging and testing sector accounting for 36.08% of total revenue[35]. - The acquisition of STATS ChipPAC has started to show strategic value, with revenue from the JSCK SiP project reaching RMB 2.368 billion and achieving monthly profitability[43]. - The company has maintained a leading position in advanced packaging technology, with significant capabilities in Fan-out eWLB and WLCSP, which are among the fastest-growing segments in the semiconductor industry[37]. - The company is actively pursuing market expansion and strategic acquisitions to strengthen its position in the semiconductor industry[81]. Research and Development - Research and development expenses amounted to 637.9 million RMB, reflecting a growth of 28.83%[49]. - The total R&D expenditure for the period was 637,883,212.76 RMB, representing 3.33% of the operating revenue, with 5,273 R&D personnel, making up 23.32% of the total workforce[72]. - The company holds a total of 1,932 invention patents, with 1,673 patents granted in the United States, covering high-end packaging and testing fields[38]. - The company obtained 323 global patent authorizations during the reporting period, including 162 in the United States and 161 in China, along with 153 new patent applications[74]. Financial Challenges - The company's overall debt ratio remains high, which impacts financial performance, and there are ongoing challenges related to cultural integration and talent acquisition[45]. - The company incurred a financial expense of 964.3 million RMB, which is a 63.20% increase compared to the last year[49]. - The company’s investment activities generated a net cash flow of -4.3 billion RMB, an improvement from -6.2 billion RMB in the previous year[49]. - The company reported a significant increase in operating costs, which rose to 16.9 billion RMB, a significant increase of 90.22% compared to the previous year[49]. Corporate Governance - All directors attended the board meeting, ensuring full participation in decision-making[3]. - The company has established a performance evaluation mechanism for senior management based on annual operational goals[175]. - The company has a clear governance structure, with independent directors ensuring oversight and compliance[150]. - The company has maintained a stable management team, with many members serving since the early 2000s, ensuring continuity in leadership[150]. Employee and Community Engagement - The company allocated over 47 million RMB for charitable donations and provided 120,000 RMB in assistance to employees in need[127]. - The company provides comprehensive onboarding training for new employees, including training on company policies and quality systems[163]. - The company has a policy of ensuring that the average training time per employee is no less than 24 hours annually[163]. - The total compensation for all directors, supervisors, and senior management during the reporting period amounted to CNY 24.416 million[157].
长电科技(600584) - 2016 Q3 - 季度财报
2016-10-28 16:00
Financial Performance - Operating revenue for the first nine months reached CNY 13.28 billion, a 102.76% increase year-on-year[6] - Net profit attributable to shareholders decreased by 61.17% to CNY 59.71 million compared to the same period last year[6] - The company's operating revenue for the first nine months reached RMB 1,328,295.07 million, a 102.76% increase compared to the same period last year, primarily due to the acquisition of StarTech and the scale production of JSCK in South Korea[18] - The company reported a net profit attributable to shareholders of RMB 5,971.36 million, a decrease of 61.17% compared to the previous year, primarily due to losses from StarTech[18] - Net profit for the first nine months of 2016 was ¥13,282,950,673.51, up from ¥6,551,035,095.05 in the same period last year, reflecting a growth of approximately 102.6%[33] - Total profit for the first nine months of 2016 was CNY 159,346,795.53, a decrease from CNY 58,711,986.87 in the same period last year[39] Assets and Liabilities - Total assets increased by 17.96% to CNY 30.15 billion compared to the end of the previous year[6] - The total liabilities increased by 81.11% to RMB 453,246.66 million, mainly due to the expansion of the company's scale and the production of equipment and materials by JSCK[17] - The total current liabilities reached CNY 13,367,821,913.80, up from CNY 10,311,501,897.73, indicating an increase of approximately 29.9%[26] - Non-current assets totaled CNY 21,339,794,049.03, compared to CNY 18,749,474,868.77 at the beginning of the year, showing an increase of about 13.5%[26] - The company's total assets as of September 30, 2016, amounted to ¥12,411,724,714.05, compared to ¥10,178,150,106.86 at the beginning of the year, marking an increase of about 22.0%[30] - Total liabilities increased to ¥8,303,020,658.93 as of September 30, 2016, from ¥6,201,788,014.22 at the beginning of the year, representing a growth of approximately 33.9%[30] Cash Flow - The net cash flow from operating activities increased by 53.49% to CNY 1.49 billion year-to-date[6] - Cash received from operating activities decreased by 59.28% to 5,769.53 thousand, primarily due to the recovery of note guarantee deposits in the same period last year[19] - The cash inflow from operating activities for the first nine months reached ¥12.93 billion, a significant increase of 79.5% compared to ¥7.22 billion in the same period last year[43] - The net cash flow from operating activities was ¥1.49 billion, up 53.4% from ¥968.4 million year-on-year[43] - The cash inflow from financing activities was ¥7.74 billion, an increase of 12.9% from ¥6.85 billion in the previous year[44] - The net cash flow from financing activities was ¥1.58 billion, down 57.4% from ¥3.70 billion year-on-year[44] Shareholder Information - The total number of shareholders reached 75,350 by the end of the reporting period[13] - Jiangsu Xinchao Technology Group holds 18.37% of the shares, with 51.34 million shares under lock-up and 133.93 million shares pledged[13] Operational Highlights - The company consolidated the revenue of Xinke Jinpeng following its acquisition, which contributed to the revenue growth[8] - The company’s Korean subsidiary, JSCK, achieved revenue of USD 195 million in the third quarter after starting large-scale production[7] - The operating costs for the same period were RMB 1,177,811.17 million, reflecting a 125.24% increase, attributed to the consolidation of StarTech's operating costs and the scale production of JSCK[18] - Accounts receivable increased by 54.46% to RMB 284,051.14 million, mainly due to the scale production of JSCK[17] - Inventory rose by 43.05% to RMB 185,114.13 million, driven by the scale production of JSCK and increased revenue[17] Financial Strategy and Plans - The company plans to acquire 29.41% of Changdian Xinke and 22.73% of Changdian Xinpeng through a share issuance, with total fundraising not exceeding 100% of the asset purchase price[20] - The company received a notice from the China Securities Regulatory Commission (CSRC) regarding the acceptance of its application for the issuance of shares to purchase assets[20] - The company applied to suspend the review of the major asset restructuring due to unclear related policies[20] - The company submitted an application to resume the review of the asset purchase and fundraising plan, which was accepted by the CSRC[21] - The company has committed not to transfer shares held by New Tide Group for 12 months post-transaction completion[21] Other Financial Metrics - The basic earnings per share dropped by 61.59% to CNY 0.06 due to a significant decrease in net profit attributable to shareholders[7] - The company's cash and cash equivalents reached CNY 2,771,103,337.24, up from CNY 2,579,220,055.12 at the beginning of the year, indicating a growth of approximately 7.4%[25] - The company reported a significant increase in fixed assets, which rose to CNY 14,516,788,418.34 from CNY 13,305,447,524.51, a growth of approximately 9.1%[26] - The company recorded other income of CNY 4,141,350.07 in Q3 2016, down from CNY 7,212,215.38 in Q3 2015[39] - The financial expenses for Q3 2016 were CNY 77,040,232.23, compared to CNY 85,025,387.87 in Q3 2015, indicating a decrease of 9.3%[39]
长电科技(600584) - 2016 Q2 - 季度财报
2016-08-24 16:00
Financial Performance - The company's operating revenue for the first half of 2016 was ¥7,511,458,630.46, representing a 120.15% increase compared to ¥3,411,994,989.11 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 91.34% to ¥10,713,029.95 from ¥123,647,175.37 in the previous year[21]. - The net cash flow from operating activities increased by 41.11% to ¥815,152,856.05 compared to ¥577,682,589.41 in the same period last year[22]. - The total assets at the end of the reporting period were ¥28,642,842,123.72, a 12.07% increase from ¥25,558,550,123.59 at the end of the previous year[22]. - The basic earnings per share decreased by 92.31% to ¥0.01 from ¥0.13 in the same period last year[23]. - The company experienced a 20.31% increase in operating revenue from its original business, while the loss from the acquisition of Xingke Jinpeng impacted overall net profit[23]. - The weighted average return on net assets decreased by 2.98 percentage points to 0.25% from 3.23% in the previous year[23]. - The company's revenue for the first half of the year reached 7.51 billion RMB, a year-on-year increase of 120.15% due to the acquisition of Star Semiconductor and a 20.31% increase in original Longji's revenue[30]. - The net profit attributable to the parent company was 10.71 million RMB, a significant decline of 91.34% compared to the same period last year, primarily due to losses from Star Semiconductor[31]. Market and Industry Context - The global semiconductor market is expected to see a slight decline in growth for 2016, with Gartner revising its growth forecast from -0.6% to -3.0%[28]. - The global semiconductor sales for Q2 2016 reached $79.1 billion, a 1% increase from the previous quarter but a 5.8% decrease year-on-year[28]. - The company plans to continue monitoring market trends and adjust strategies accordingly in response to global economic uncertainties[28]. Corporate Governance and Compliance - The company emphasizes the importance of accurate and complete financial reporting by its management team[4]. - The company has no violations in decision-making procedures for external guarantees[5]. - There were no non-operating fund occupations by controlling shareholders or related parties[5]. - The company has committed to maintaining transparency and accountability in its financial disclosures[4]. - The company has not planned for capital reserve transfers or stock dividends for the current reporting period[71]. - The company has engaged Ernst & Young Hua Ming as the financial auditor for the fiscal year 2016, with an audit fee not exceeding 3.4 million yuan[91]. Investments and Acquisitions - The company is actively integrating Star Semiconductor, focusing on cross-selling and financial support to improve its operational efficiency[30]. - The company plans to issue shares to acquire stakes in Jiangsu Changjiang Electronics Technology Co., Ltd. and related entities, with the total fundraising not exceeding 100% of the asset purchase price[39]. - Following the acquisition of Starry Sky, the company's industry ranking improved from sixth to fourth, with a global market share increase from 3.9% to 10%[50]. Financial Position and Cash Flow - The total liabilities reached CNY 22,163,641,827.78, up from CNY 18,869,406,006.35, indicating an increase of about 17.0%[114]. - The company's cash and cash equivalents were CNY 2,860,433,191.36, compared to CNY 2,579,220,055.12 at the start of the period, representing a growth of approximately 10.9%[113]. - The total cash inflow from financing activities was ¥5,594,730,074.73, up from ¥5,023,163,548.46 in the previous period, indicating a growth of 11.4%[127]. - The net cash flow from financing activities improved to ¥1,209,337,017.71, compared to ¥473,665,594.43 in the prior period, reflecting a significant increase of 155.5%[130]. Research and Development - R&D expenses increased by 9.73% to 190.20 million RMB, driven by the expansion of research projects[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 96,345[99]. - Jiangsu Xinchao Technology Group holds 190,272,222 shares, representing 18.37% of total shares, with 51,344,811 shares under lock-up conditions[101]. - The company completed a non-public offering of 28,076,710 shares for asset acquisition and 23,268,101 shares for fundraising, increasing registered capital from 984,570,000 to 1,035,914,811 shares[103]. Risk Management - The report includes a risk statement regarding forward-looking statements and future plans[4]. - The company anticipates a significant change in net profit compared to the same period last year, indicating potential losses[72]. - The company is involved in a tax dispute with the Korean tax authority, with a potential liability of approximately RMB 2.24 million[77]. Construction and Expansion Projects - The company is preparing for the relocation of its Shanghai plant and aims to support the expansion of Star Semiconductor's EWLB project to meet customer demand[32]. - The company has ongoing construction projects with varying completion rates, including a new factory and purification renovation projects[68].
长电科技(600584) - 2015 Q4 - 年度财报
2016-04-28 16:00
Financial Performance - The company's operating revenue for 2015 was CNY 10,807,023,798.60, representing a 68.12% increase compared to CNY 6,428,273,279.53 in 2014[19]. - The net profit attributable to shareholders for 2015 was CNY 51,997,451.04, a decrease of 66.81% from CNY 156,666,468.23 in 2014[19]. - The net profit after deducting non-recurring gains and losses was CNY 5,847,585.09, down 95.24% from CNY 122,723,838.49 in 2014[19]. - The cash flow from operating activities for 2015 was CNY 1,745,946,193.31, an increase of 66.52% from CNY 1,048,518,721.28 in 2014[19]. - The total assets at the end of 2015 were CNY 25,558,550,123.59, a 134.43% increase from CNY 10,902,304,709.68 at the end of 2014[19]. - The net assets attributable to shareholders at the end of 2015 were CNY 4,308,222,116.14, a 14.46% increase from CNY 3,763,850,916.15 at the end of 2014[19]. - The basic earnings per share for 2015 were CNY 0.05, a decrease of 72.22% from CNY 0.18 in 2014[20]. - The diluted earnings per share for 2015 were also CNY 0.05, reflecting a 72.22% decrease from CNY 0.18 in 2014[21]. - The weighted average return on equity for 2015 was 1.41%, down 4.18 percentage points from 5.59% in 2014[21]. Acquisitions and Market Position - The company completed the acquisition of Xinke Jinpeng, enhancing its operational scale, customer resources, and international influence[40]. - The company ranked fourth in the global semiconductor packaging and testing industry, with a market share increase from 3.9% to 10% after the acquisition[35]. - The company plans to enhance its production capacity by relocating Xingke Jinpeng's Shanghai plant to Jiangyin, completing the move by 2017[37]. - The company aims to achieve revenue of 19.1 billion RMB in 2016, with operating costs controlled around 16.8 billion RMB, contingent on the integration of STATS CHIPPAC[84]. - The company plans to focus on high-end packaging technologies and maintain competitiveness in traditional products while leveraging low-cost production bases[83]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.10 CNY per 10 shares based on a total share capital of 1,035,914,811 shares, totaling 10,359,148.11 CNY for the year 2015[2]. - The company will not conduct capital reserve transfers to increase share capital or issue bonus shares for the fiscal year 2015[2]. - The company strictly adhered to its profit distribution policy and decision-making procedures, ensuring the protection of minority investors' rights[88]. - The cash dividend distribution for 2015 was completed on May 28, 2015, in compliance with the company's articles of association and shareholder resolutions[89]. - The company has not proposed any cash profit distribution plan despite having positive distributable profits for the reporting period[93]. Risk Factors and Legal Matters - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantial commitments to investors, highlighting investment risks[3]. - The company has detailed risk factors in the management discussion and analysis section of the report, advising investors to review potential risks[4]. - The company faced a lawsuit regarding tax issues with the Korean tax authority, with a claim amount of 55.3 million KRW, and the next court hearing is scheduled for April 2016[104]. - The company is currently involved in ongoing litigation with the Korean tax authority regarding tax payments made in 2014, with a total claim of 2.24 million KRW[104]. Corporate Governance and Management - The company’s legal representative is Wang Xinchao, and the board secretary is Zhu Zhengyi[11]. - The company appointed Ernst & Young Huaming as the new auditor for the 2015 fiscal year, with an audit fee of 1.7 million RMB, which includes 400,000 RMB for internal control audit[101]. - The company’s independent directors fulfilled their duties and provided independent opinions on the profit distribution proposals[89]. - The company has maintained a stable management team since 2013, with most executives serving in their roles for over a decade[152]. Environmental and Social Responsibility - The total investment in environmental protection for 2015 was over 12.5 million yuan, completing three energy-saving and emission-reduction projects, saving 4,100 tons of water and 702,100 kWh of electricity, resulting in an economic benefit of 543,600 yuan[120]. - The company donated 2.25 million yuan for social welfare, including funding for orphans' education and assistance for employees in need[120]. - The company plans to continue participating in social welfare and ecological environmental protection initiatives[120]. Employee and Training Initiatives - The total number of employees in the parent company is 5,571, while the total number of employees in major subsidiaries is 15,626, resulting in a combined total of 21,197 employees[160]. - The company provides comprehensive training programs, ensuring an average of at least 24 hours of training per employee annually[162]. - The company implemented a training program with an average of no less than 24 hours of training per employee throughout the year[119]. Financial Position and Cash Flow - The total current assets amounted to approximately ¥6.81 billion, an increase from ¥5.05 billion at the beginning of the year[184]. - The company reported a significant increase in accounts receivable, rising to approximately ¥1.84 billion from ¥710.74 million[184]. - Cash and cash equivalents decreased to approximately ¥2.58 billion from ¥2.86 billion[184]. - Total cash and cash equivalents at the end of the year amounted to CNY 2,297,218,958.40, down from CNY 2,533,255,921.89 at the beginning of the year[200].
长电科技(600584) - 2016 Q1 - 季度财报
2016-04-28 16:00
Financial Performance - Operating revenue for the first quarter was CNY 3.51 billion, representing a significant increase of 118.55% year-on-year[6] - Net profit attributable to shareholders of the listed company was a loss of CNY 31.89 million, a decrease of 176.17% compared to the same period last year[6] - Cash flow from operating activities amounted to CNY 191.16 million, up 92.52% year-on-year[6] - Basic and diluted earnings per share were CNY 0.0272, down 48.58% from CNY 0.0529 in the same period last year[6] - The company reported a significant increase in financial metrics due to the consolidation of StarTech, with specific changes detailed in the financial statements[16] - The company's operating revenue reached 350,649.64 million, a significant increase of 118.55% compared to the same period last year[17] - The net profit for the period was -16,837.61 million, a substantial decline from a profit of 6,484.58 million in the previous year[17] - The net profit for Q1 2016 was CNY 105,904,180.86, compared to CNY 8,856,387.08 in the previous year, indicating a significant increase[37] - The total profit for Q1 2016 reached CNY 118,270,591.78, a substantial rise from CNY 8,952,015.59 in the same quarter last year[36] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 25.99 billion, an increase of 1.72% compared to the end of the previous year[6] - Non-current assets totaled CNY 19,381,243,291.56, up from CNY 18,749,474,868.77 at the beginning of the year, reflecting a growth of approximately 3.4%[26] - Total liabilities increased to CNY 19,330,211,998.21 from CNY 18,869,406,006.35, marking a rise of about 2.4%[27] - Current liabilities amounted to CNY 10,845,028,084.72, compared to CNY 10,311,501,897.73, which is an increase of approximately 5.2%[26] - The company's total assets reached CNY 25,998,769,096.64, up from CNY 25,558,550,123.59, indicating a growth of about 1.7%[27] Shareholder Information - The total number of shareholders at the end of the reporting period was 81,180[12] - The largest shareholder, Jiangsu Xinchao Technology Group, held 18.37% of the shares, with 51,344,811 shares under lock-up[12] - Major shareholders include Jiangsu New Tide Technology Group Co., Ltd. with 138,927,411 shares and Central Huijin Investment Ltd. with 31,363,300 shares[14] - The company has committed to a lock-up period of 36 months for shares acquired by New Tide Group, which holds 16.188% of Jiangsu Changjiang Electronics Technology Co., Ltd.[22] Cash Flow and Expenses - Cash flow from operating activities generated 19,115.77 million, up 92.52% from the previous year[18] - The cash and cash equivalents decreased by 47,806.59 million, indicating a significant cash outflow during the period[18] - Cash and cash equivalents decreased to ¥2,316,430,475.02 from ¥2,579,220,055.12, indicating a decline of about 10.2%[25] - Financial expenses surged to 22,123.15 million, marking an increase of 284.65% year-over-year[17] - The financial expenses for Q1 2016 were CNY 59,810,094.85, compared to CNY 51,928,576.65 in the previous year, reflecting a 15% increase[36] Investment and Acquisitions - The company completed the acquisition of 100% equity in Singapore's StarTech on October 12, 2015, significantly impacting financial metrics in the first quarter of 2016 due to the consolidation of StarTech's financial data[16] - The company is undergoing a major asset restructuring, with agreements signed to acquire assets through share issuance[20] - The company plans to expand its market presence through strategic acquisitions and partnerships[20] Operational Metrics - Operating costs rose to 311,128.31 million, reflecting a 150.08% increase year-over-year[17] - The company reported a total current assets of ¥6,617,525,805.08 as of March 31, 2016, down from ¥6,809,075,254.82 at the beginning of the year, representing a decrease of approximately 2.8%[25] - The inventory balance increased to CNY 593,139,244.52 from CNY 526,329,721.14, reflecting a growth of about 12.7%[30] - Cash outflow for purchasing goods and services was CNY 2,666,236,282.48, significantly higher than CNY 1,328,079,512.31 in the previous year, reflecting an increase of approximately 100.5%[41] Regulatory Compliance - The company is in compliance with the latest regulatory opinions from the China Securities Regulatory Commission regarding share lock-up commitments[22] - The report highlights that the company has not disclosed any related party transactions or agreements among major shareholders[14]
长电科技(600584) - 2015 Q3 - 季度财报
2015-10-30 16:00
Financial Performance - Operating revenue for the first nine months was RMB 6.55 billion, a 39.2% increase compared to the same period last year[7] - Net profit attributable to shareholders increased by 21.2% year-on-year, amounting to RMB 153.80 million[7] - The net profit attributable to shareholders for the first nine months, with the same consolidation scope as the previous year, was RMB 241 million, representing an 89.8% increase[8] - Revenue for Q3 2015 reached ¥6,551,035,095.05, a 39.20% increase compared to ¥4,706,347,397.64 in the same period last year[18] - Net profit for Q3 2015 was ¥98,663,882.06, representing a 41.51% decrease from ¥168,698,390.00 year-over-year[18] - The net profit for the first nine months was ¥98,663,882.06, compared to ¥168,698,390.00 in the previous year, reflecting a decrease of approximately 41.5%[34] - The company reported a net loss of ¥42,293,145.87 for the third quarter, contrasting with a net profit of ¥94,923,701.91 in the same quarter last year[34] Earnings and Shares - The company reported a basic earnings per share of RMB 0.1562, reflecting a 5.04% increase compared to the previous year[8] - The diluted earnings per share increased by 21.18% year-on-year, reaching RMB 0.1562[8] - Basic earnings per share for Q3 2015 were CNY 0.0306, down from CNY 0.0911 in Q3 2014, indicating a decrease of 66.4%[39] Cash Flow - The net cash flow from operating activities for the first nine months was RMB 968.40 million, up 62.37% from the previous year[7] - Cash flow from operating activities was ¥968,397,037.02, a 62.37% increase compared to ¥596,396,003.40 in the same period last year[19] - The company reported a total cash inflow from operating activities of CNY 7,221,812,097.93 for the first nine months, compared to CNY 4,953,837,828.54 in the previous year[42] - The company reported a total cash outflow from operating activities of CNY 3,275,609,041.96, which is an increase from CNY 2,890,803,241.65 in the previous year, indicating a rise of 13.3%[45] Assets and Liabilities - Total assets increased by 131.61% year-on-year, reaching RMB 25.25 billion at the end of the reporting period[7] - Accounts receivable increased by 175.99% to RMB 1,961,552,467.82 from RMB 710,744,810.73[17] - Inventory rose by 59.27% to RMB 1,258,630,971.60 compared to RMB 790,226,775.33[17] - Fixed assets surged by 205.26% to RMB 12,469,599,397.59 from RMB 4,084,959,261.16[17] - Current liabilities reached CNY 9.88 billion, up from CNY 5.88 billion, marking a 68.5% increase[28] - Total liabilities increased to ¥5,634,358,032.97 from ¥5,350,628,903.69, marking an increase of about 5.3%[31] Investments and Acquisitions - The acquisition of STATS ChipPAC Ltd. has been completed, significantly impacting the financial statements due to the consolidation of its financial data for August and September 2015[16] - The company plans to issue shares to acquire a 16.188% stake in Jiangyin Changdian Advanced Packaging Co., Ltd., with a total fundraising amount not exceeding ¥328,778,280[22] Financial Expenses - Financial expenses rose to ¥331,397,103.92, a 96.03% increase from ¥169,057,282.63 in the previous year[18] - The company’s financial expenses for the first nine months amounted to ¥331,397,103.92, up from ¥169,057,282.63, indicating an increase of approximately 96.2%[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 83,119[13] - Jiangsu Xinchao Technology Group Co., Ltd. held 14.11% of the shares, with 138,927,411 shares pledged[13] - The number of shares held by the top ten unrestricted shareholders includes Jiangsu Xinchao Technology Group Co., Ltd. with 138,927,411 shares[15] - The company has not disclosed any related party relationships among the other shareholders[15]
长电科技(600584) - 2015 Q2 - 季度财报
2015-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2015 was CNY 3,411,994,989.11, representing a 15.86% increase compared to CNY 2,944,813,381.67 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached CNY 123,647,175.37, a significant increase of 151.51% from CNY 49,161,000.46 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 98,199,113.11, up 169.62% from CNY 36,420,894.46 in the same period last year[18]. - The net cash flow from operating activities was CNY 577,682,589.41, an increase of 188.09% compared to CNY 200,524,834.90 in the previous year[18]. - Basic earnings per share increased to CNY 0.13, up 116.67% from CNY 0.06 in the same period last year[20]. - The weighted average return on equity rose to 3.23%, an increase of 1.23 percentage points from 2.00% in the same period last year[20]. - The company achieved total operating revenue of RMB 3.412 billion in the first half of 2015, completing 45.49% of the annual revenue plan[36]. - The company reported a total of 118,746.41 million RMB in raised funds, with 7,553.86 million RMB utilized during the reporting period[46]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 14,362,633,897.21, reflecting a 31.74% increase from CNY 10,902,304,709.68 at the end of the previous year[19]. - The net assets attributable to shareholders of the listed company were CNY 3,805,321,165.29, showing a slight increase of 1.1% from CNY 3,763,850,916.15 at the end of the previous year[19]. - Total liabilities increased to CNY 8,696,168,828.47 from CNY 6,881,131,075.38, a rise of 26.4%[85]. - The company's equity increased to CNY 5,666,465,068.74 from CNY 4,021,173,634.30, reflecting a growth of 41.0%[85]. Cash Flow - Cash flow from operating activities increased significantly to CNY 577.68 million, up 188.09% from CNY 200.52 million[29]. - Cash and cash equivalents increased by 687.58% to RMB 2.843 billion, primarily due to funds prepared for acquisitions[30]. - The ending balance of cash and cash equivalents was CNY 5,376,107,469.70, significantly higher than CNY 818,577,800.41 at the end of the previous period[96]. - The net increase in cash and cash equivalents for the period was CNY 2,842,851,547.81, compared to CNY 360,958,915.64 in the previous year, representing a growth of 687.5%[96]. Investments and Acquisitions - The company’s investment activities generated a net cash outflow of CNY 1.03 billion, primarily due to the purchase of specialized equipment and construction payments[29]. - The company plans to allocate 5.9 billion RMB from the "Annual Production of 950 Million FC (Flip Chip) Integrated Circuit Packaging and Testing Project" to acquire STATS ChipPAC Ltd[48]. - The company has completed the acquisition of over 90% of the shares of STATS ChipPAC Ltd as of the offer period's end[49]. Research and Development - Research and development expenses increased by 7.8% to CNY 173.34 million, reflecting ongoing investment in technology[29]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[94]. Shareholder Information - The total number of shareholders at the end of the reporting period was 94,654[72]. - The largest shareholder, Jiangsu Xinchao Technology Group Co., Ltd., holds 138,927,411 shares, representing 14.11% of the total shares[74]. - The company plans to distribute a cash dividend of CNY 0.10 per share, totaling CNY 984,570,000 based on the total share capital of 98,457,000 shares[55]. Regulatory and Compliance - The financial report was approved on August 26, 2015, indicating timely compliance with regulatory requirements[115]. - The company appointed Jiangsu Gongzheng Tianye Accounting Firm as its financial auditor for the year 2015, with an audit fee not exceeding RMB 900,000[66]. Market Trends - The semiconductor industry showed a growth trend, with global sales reaching USD 28 billion in June, a 2% increase year-on-year[26]. - Domestic sales decreased by 3%, while overseas sales increased by 26.15%[40].
长电科技(600584) - 2015 Q1 - 季度财报
2015-04-29 16:00
Financial Performance - Operating income rose by 22.53% to CNY 1,604,451,005.65 year-on-year[7] - Net profit attributable to shareholders reached CNY 41,870,166.78, a significant turnaround from a loss of CNY 6,048,414.03 in the same period last year[7] - Basic and diluted earnings per share were CNY 0.0529, up 3,206.25% from CNY 0.0016 in the same period last year[7] - Net profit for the first quarter reached RMB 6,484.6 million, a significant increase of 461.92% compared to RMB 1,154.0 million in the same period last year[14] - Total revenue for Q1 2015 was CNY 1,604,451,005.65, an increase of 22.5% compared to CNY 1,309,474,827.49 in the same period last year[25] - Total operating costs for Q1 2015 were CNY 1,536,674,463.60, up from CNY 1,297,740,323.88, reflecting a year-over-year increase of 18.4%[25] - The company reported a gross profit margin of approximately 38.0% in Q1 2015, up from 15.1% in Q1 2014[28] - The total profit for Q1 2015 was CNY 78,583,980.88, compared to CNY 19,587,093.93 in Q1 2014, indicating strong growth[29] Cash Flow - Cash flow from operating activities increased by 134.17% to CNY 99,292,852.91 compared to the previous year[7] - Operating cash inflow totaled CNY 1,797,517,751.83, an increase from CNY 1,413,291,144.19 in the previous period, reflecting a growth of approximately 27.2%[33] - Net cash flow from operating activities was CNY 99,292,852.91, significantly higher than CNY 42,401,828.02 in the same period last year[33] - The company reported a total cash inflow from operating activities of CNY 1,210,932,302.46, compared to CNY 941,207,677.89 in the previous year, marking an increase of approximately 28.7%[36] - Cash outflow from investing activities amounted to CNY 373,396,029.04, compared to CNY 113,439,407.54 in the previous period, indicating a substantial increase in investment spending[33] - Net cash flow from investing activities was negative at CNY -371,549,946.84, worsening from CNY -113,367,078.80 year-over-year[33] - Cash inflow from financing activities reached CNY 920,044,713.21, down from CNY 1,702,148,014.23 in the previous period, a decline of approximately 46%[34] - Net cash flow from financing activities was CNY 273,393,109.91, slightly lower than CNY 298,979,288.70 in the previous year[34] - The ending cash and cash equivalents balance was CNY 2,538,634,125.53, up from CNY 685,041,455.27 at the end of the previous period[34] - The company experienced a net increase in cash and cash equivalents of CNY 5,378,203.64, compared to CNY 227,422,570.50 in the previous year, indicating a significant improvement in liquidity[34] Assets and Liabilities - Total assets increased by 1.55% to CNY 11,071,406,528.36 compared to the end of the previous year[7] - Total liabilities for the period increased by 55.82% to RMB 5,635.3 million from RMB 3,616.5 million, mainly due to the payment of matured bonds[14] - Total liabilities amounted to CNY 6,987,530,129.79, an increase from CNY 6,881,131,075.38, reflecting a rise of 1.5%[20] - The total non-current liabilities were CNY 1,057,989,803.53, compared to CNY 997,447,861.28, showing an increase of 6.3%[20] - The company's equity attributable to shareholders was CNY 3,816,104,861.93, up from CNY 3,763,850,916.15, reflecting a growth of 1.4%[20] - Short-term borrowings increased to CNY 2,475,346,798.45 from CNY 2,205,457,340.11, representing a rise of 12.2%[20] - Current assets totaled CNY 4,831,387,911.44, an increase from CNY 4,541,377,319.33 at the beginning of the year, representing a growth of 6.4%[23] - The company reported a 143.34% increase in available-for-sale financial assets, rising to RMB 22,625.9 million from RMB 9,298.3 million, attributed to capital increases in subsidiaries[14] Shareholder Information - The total number of shareholders reached 101,457 by the end of the reporting period[10] - Jiangsu Xinchao Technology Group Co., Ltd. held 14.11% of shares, with 60,000,000 shares pledged[10] Management and Operations - The company plans to continue expanding its market presence and invest in new product development[6] - The company completed the acquisition of StarTech, with approvals from the shareholders' meeting and relevant regulatory bodies, and is in the process of fulfilling other necessary approvals[15] - The company is currently organizing audits and evaluations for a major asset purchase, leading to a temporary suspension of its stock since April 7, 2015[16] - The company incurred management expenses of CNY 123,311,189.65 in Q1 2015, up from CNY 101,931,167.82 in the previous year[28] - Sales expenses for Q1 2015 were CNY 13,147,107.34, compared to CNY 10,648,531.34 in Q1 2014, reflecting increased marketing efforts[28]
长电科技(600584) - 2014 Q4 - 年度财报
2015-03-24 16:00
Dividend and Capital Management - The company plans to distribute a cash dividend of 0.10 CNY per 10 shares, totaling 9.8457 million CNY based on the total share capital of 98.457 million shares at the end of 2014[2]. - The company will not increase capital reserves or issue bonus shares for the 2014 fiscal year[2]. - The company distributed a cash dividend of RMB 1.00 per 10 shares in 2008, along with a stock bonus of 2 shares[11]. - The company distributed a cash dividend of 0.15 RMB per 10 shares for the 2013 fiscal year, totaling approximately 12.8 million RMB, and plans to distribute 0.10 RMB per 10 shares for the 2014 fiscal year, totaling approximately 984,570 RMB[94][95]. - The cumulative cash dividend amount over the last three years accounted for 38.12% of the average annual net profit[95]. Financial Performance - In 2014, the company's operating revenue reached RMB 6,428,273,279.53, representing a 25.99% increase compared to RMB 5,102,060,114.85 in 2013[27]. - The net profit attributable to shareholders was RMB 156,666,468.23 in 2014, a significant increase of 1308.59% from RMB 11,122,225.59 in 2013[27]. - The company's total assets grew to RMB 10,902,304,709.68 by the end of 2014, marking a 43.78% increase from RMB 7,582,526,631.92 in 2013[27]. - The net assets attributable to shareholders increased by 54.74% to RMB 3,763,850,916.15 in 2014, up from RMB 2,432,351,596.24 in 2013[27]. - Basic earnings per share rose to RMB 0.18 in 2014, a 1,700% increase from RMB 0.01 in 2013[28]. - The cash flow from operating activities netted RMB 1,048,518,721.28 in 2014, reflecting a 29.40% increase from RMB 810,322,250.02 in 2013[27]. - The company reported a significant increase in comprehensive income, totaling 208.26 million RMB, up 339.24% from the previous year[40]. - The company's operating revenue increased by 25.99% in 2014 compared to 2013, driven by product structure adjustments and rapid growth in high-end products[42]. - Operating profit increased significantly to 219.19 million RMB, a growth of 717.72% compared to the previous year[40]. Audit and Compliance - The company has received a standard unqualified audit report from Jiangsu Gongzheng Tianye Accounting Firm[4]. - There are no non-operating fund occupations by controlling shareholders or related parties[4]. - The company has not provided guarantees in violation of regulatory decision-making procedures[4]. - The company has not faced any penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[116]. - The internal control audit was conducted by Jiangsu Tianye Certified Public Accountants, resulting in a standard audit report[177]. Research and Development - R&D expenses totaled 369.40 million RMB, reflecting a 17.53% increase from the previous year[40]. - The company applied for a total of 1,088 patents, with 863 granted, including 118 invention patents[38]. - The company plans to allocate about 350 million RMB for research and development expenditures in 2015[90]. Market and Sales Performance - The company shipped 3.1 billion WL-CSP units, a year-on-year growth of 78%[36]. - Revenue from electronic components reached approximately 6.393 billion RMB, with a gross margin of 21.09%[59]. - Domestic sales amounted to approximately 2.239 billion RMB, reflecting a year-on-year increase of 4.53%, while overseas sales reached approximately 4.154 billion RMB, up 41.35%[61]. - The total production of chip packaging and testing reached 370.11 million units, a year-on-year increase of 16.81%, while sales volume was 371.54 million units, up 13.78%[43]. Strategic Initiatives - The company established a joint venture with SMIC, enhancing the domestic integrated circuit manufacturing process[38]. - The company is actively pursuing overseas acquisitions, with a significant asset purchase agreement with STATS ChipPAC Ltd. in progress[38]. - The company plans to allocate 590 million RMB of raised funds to acquire STATS ChipPAC Ltd., which has significant existing production capacity in Korea and Shanghai[79]. - The company is pursuing mergers and acquisitions to gain advanced packaging technologies and access to top-tier international clients[87]. Corporate Governance and Management - The company continues to maintain a strong focus on corporate governance and transparency in its operations[148]. - The management team has extensive experience, with key members having held positions in various reputable companies and organizations[147]. - The company has implemented a performance evaluation system based on KPI and CIP metrics for salary and performance assessments[159]. - The company has a governance structure that includes an audit committee, nomination committee, and remuneration and assessment committee to enhance decision-making[166]. Social Responsibility and Environmental Efforts - The company has committed over 12 million RMB to environmental protection efforts, completing eight energy-saving and emission-reduction projects, saving 180,000 tons of water and 2.3 million kWh of electricity[100]. - The company made charitable donations of 2.4 million RMB in 2014 to support orphans' education and provided 130,000 RMB in assistance to employees in need[101]. - The company actively participates in social welfare activities and environmental protection, committing to sustainable development[101]. Future Outlook - The company anticipates a stable growth in the global semiconductor market, with a projected growth rate of 3.4% for 2015 according to WSTS[86]. - The company expects to achieve total operating revenue of 7.5 billion RMB and control total operating costs at around 7.1 billion RMB for the year 2015[88]. - The total planned capital expenditure for 2015 is approximately 1.28 billion RMB, with various projects funded through self-raised capital, including a 128 million RMB investment in RF mixed-signal IC technology upgrades[89].