BROADEX(300548)

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博创科技(300548) - 2022 Q1 - 季度财报
2022-04-25 16:00
Financial Performance - The company's operating revenue for Q1 2022 was ¥300,080,558.33, representing a 29.64% increase compared to the same period last year[4] - The net profit attributable to shareholders was ¥35,925,280.05, a 1.25% increase year-over-year[4] - The net profit after deducting non-recurring gains and losses was ¥32,132,412.23, showing a decrease of 2.04% compared to the previous year[4] - The company's basic earnings per share decreased by 12.50% to ¥0.21, while diluted earnings per share decreased by 8.70% to ¥0.21[4] - The net profit for the period was 35.93 million, reflecting a year-on-year growth of 1.25, attributed to changes in product sales structure and increased stock incentive expenses[21] - Net profit for the current period was ¥35,925,280.05, slightly up from ¥35,480,366.97 in the previous period, reflecting a 1.3% increase[37] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥68,636,800.10, marking a significant increase of 63.91% year-over-year[4] - Cash flow from operating activities increased by 63.91% to $68,636,800.10, primarily due to an increase in received payments[11] - The company's cash and cash equivalents at the end of the period were approximately 472.04 million, compared to 443.49 million at the beginning of the year[26] - The net increase in cash and cash equivalents dropped by 95.57% to $28,550,371.01, largely due to the absence of last year's fundraising[11] - Total cash and cash equivalents at the end of the period reached $472,035,927.86, up from $443,485,556.85 at the beginning[48] Operating Costs and Expenses - The company reported a significant increase in operating costs, which rose by 41.95% to ¥241,836,036.02 due to increased revenue[8] - Total operating costs amounted to ¥266,109,997.25, up 35.9% from ¥195,397,977.47 in the previous period[34] - Research and development expenses were ¥14,016,253.01, showing a slight decrease of 2.1% compared to ¥14,310,845.85 in the previous period[37] Assets and Equity - Total assets at the end of the reporting period were ¥1,937,175,675.25, up 3.11% from the end of the previous year[4] - The equity attributable to shareholders increased to ¥1,567,814,371.04, reflecting a 2.94% rise compared to the previous year[4] - The company’s total equity reached approximately 1.57 billion, up from 1.52 billion at the beginning of the year[33] Tax and Government Subsidies - Income tax expenses decreased by 58.62% to $2,903,778.50 compared to the previous period[11] - The company received government subsidies amounting to ¥1,965,461.67 during the reporting period[5] - The company reported a tax expense of ¥2,903,778.50, significantly lower than ¥7,018,132.27 in the previous period, indicating a 58.7% decrease[37] Shareholder Information - As of the end of the reporting period, the controlling shareholder Zhu Wei pledged 5,500,000 shares, accounting for 3.16% of the total share capital[21] - The company signed a share transfer agreement to transfer a total of 22,120,000 shares, representing 12.72% of the total share capital, to Changfei Optical Fiber[21] Market and Future Plans - The company plans to expand its market presence and enhance product offerings through ongoing research and development initiatives[21] - The company achieved operating revenue of 300 million, a year-on-year increase of 29.64%, primarily due to growth in the telecommunications market[21] Other Financial Metrics - The fair value changes of financial assets resulted in a gain of ¥1,848,096.00, indicating a positive impact from non-principal guaranteed financial products[8] - Cash received from tax refunds rose by 109.32% to $12,317,611.38, attributed to increased software and export tax refunds[11] - Cash inflow from investment activities was ¥75,581,506.85, down 63.4% from ¥206,076,304.52 in the previous period[45] - Cash outflow for investment activities totaled ¥88,312,063.72, a decrease of 63.5% compared to ¥241,802,909.13 in the previous period[45] Currency and Exchange Rate Impact - The company’s foreign currency translation loss was $399,650.10, a significant change of -558.20% due to exchange rate fluctuations[11] - The impact of exchange rate changes on cash and cash equivalents was -$89,760.21[48] Audit Status - The first quarter report was not audited[49]
博创科技(300548) - 2021 Q4 - 年度财报
2022-04-07 16:00
Financial Performance - The company achieved a total revenue of 1.2 billion RMB in 2021, representing a year-on-year growth of 15%[23]. - The net profit attributable to shareholders was 200 million RMB, an increase of 20% compared to the previous year[23]. - The company's operating revenue for 2021 was ¥1,154,136,552.85, representing a 48.59% increase compared to ¥776,703,537.08 in 2020[30]. - The net profit attributable to shareholders for 2021 was ¥162,410,479.04, an increase of 83.60% from ¥88,458,866.25 in 2020[30]. - The net cash flow from operating activities for 2021 was ¥96,467,954.64, a significant improvement of 283.97% compared to -¥52,436,927.32 in 2020[30]. - The basic earnings per share for 2021 was ¥0.97, up 64.41% from ¥0.59 in 2020[30]. - The total assets at the end of 2021 were ¥1,878,790,295.34, an increase of 85.61% from ¥1,012,250,357.31 at the end of 2020[30]. - The company reported total revenue of 1.154 billion yuan in 2021, representing a growth of 48.59% compared to the previous year, and a net profit of 162 million yuan, an increase of 83.60% year-on-year[56]. - The company’s domestic sales revenue reached 951 million yuan, up 38.38% year-on-year, accounting for 82.42% of total sales revenue[56]. - The company reported a quarterly revenue of ¥329,650,947.42 in Q4 2021, showing consistent growth throughout the year[34]. User Growth and Market Expansion - User data showed an increase in active users by 25% year-on-year, reaching 500,000 users by the end of 2021[23]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share in the region by 2025[23]. - Market expansion efforts have led to a 20% increase in market share in the Asia-Pacific region[6]. Research and Development - The company is investing 50 million RMB in R&D for advanced optical communication technologies in the next fiscal year[23]. - The company’s research and development expenditure was 62.25 million yuan, a year-on-year increase of 15.42%, representing 5.39% of total revenue[56]. - The company plans to continue R&D on new models of 10G PON optical modules and next-generation PON optical modules to maintain market leadership[155]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[5]. Product Development and Innovation - New product development includes the launch of a silicon photonics module, expected to generate an additional 100 million RMB in revenue in 2022[23]. - The company has achieved mass production and shipment of 400G DR4 silicon optical modules, actively developing the next generation of data center optical modules[158]. - The company’s 25G LR silicon optical module and 50G PAM4 optical module for 5G have entered mass production, with ongoing development of next-generation high-speed optical modules[49]. Acquisitions and Strategic Partnerships - The company is exploring potential acquisitions to enhance its technology portfolio and market reach, with a budget of 200 million RMB allocated for this purpose[23]. - A new strategic partnership was announced, expected to generate an additional $100 million in revenue over the next two years[8]. Risk Management - The management highlighted potential risks including supply chain disruptions and competitive pressures, with strategies in place to mitigate these risks[6]. - The company faces risks related to fluctuations in customer demand, potential declines in product gross margins, and the need for continuous technological upgrades[166]. - The ongoing COVID-19 pandemic may impact customer demand and the upstream supply chain, prompting the company to monitor developments closely and take measures to minimize disruptions[170]. Financial Management and Investments - The company has completed a private placement of shares, raising a net amount of 617 million yuan to support future development[56]. - The company has established a complete and independent business system, ensuring independence from its controlling shareholders in terms of assets, personnel, finance, and operations[177]. - The company has a dedicated financial department and independent financial decision-making capabilities, ensuring no shared bank accounts with controlling shareholders[177]. Customer Satisfaction and Operational Efficiency - Customer satisfaction ratings improved to 90%, reflecting the success of recent service enhancements[10]. - The company reported a 5% decrease in operational costs due to improved efficiency measures[9].
博创科技(300548) - 2021 Q3 - 季度财报
2021-10-27 16:00
博创科技股份有限公司 2021 年第三季度报告 1 证券代码:300548 证券简称:博创科技 公告编号:2021-096 博创科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整,并且没有虚假记载、误导性陈述 或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整,不存在虚假记载、误导性陈述或重大遗 漏,并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明:保证季度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|--------------------------|-------- ...
博创科技(300548) - 2019 Q2 - 季度财报
2019-08-27 16:00
Financial Performance - Total revenue for the reporting period reached ¥182,756,587.62, representing a 54.75% increase compared to the same period last year[29]. - Net profit attributable to shareholders was ¥6,093,764.50, a decrease of 79.07% year-on-year[29]. - The net cash flow from operating activities was -¥7,327,221.73, reflecting a decline of 110.49% compared to the previous year[29]. - Basic earnings per share decreased by 80.00% to ¥0.07 from ¥0.35 in the same period last year[29]. - Total assets at the end of the reporting period were ¥721,656,853.53, a slight increase of 0.50% from the previous year[29]. - The company’s intangible assets increased by 74% due to the addition of new intangible assets during the reporting period[43]. - The company’s accounts receivable increased by 112.18%, primarily due to an increase in bank acceptance bills received from customers[45]. - The company’s fixed assets increased by 34.56%, mainly due to the acquisition of fixed assets by its UK subsidiary during the reporting period[43]. - The company’s non-recurring gains and losses totaled ¥6,832,867.43 for the reporting period[36]. - The cash flow from operating activities showed a net outflow of 7.33 million RMB, a decline of 110.49% year-on-year[59]. - Investment income for the reporting period amounted to RMB 2,508,780.82, accounting for 38.95% of total profit, primarily due to changes in financial management income[63]. - The company's cash and cash equivalents decreased by 18.40% to RMB 188,124,958.18, down from RMB 306,414,300.99, mainly due to payments for asset acquisitions[64]. - Other income reached RMB 5,678,540.78, representing 88.17% of total profit, primarily from government subsidies and software tax refunds[63]. Market and Industry Trends - The company reported a significant risk of declining gross margins due to the maturity of some key products and competitive pricing pressures in the optical device industry[9]. - The company’s products are primarily used in optical communication network infrastructure, with demand fluctuations expected from telecom operators and data center investments[8]. - The company operates in a technology-driven industry where frequent innovation is critical to maintaining market relevance and operational success[12]. - The company acknowledges the risk of investment projects not achieving expected benefits due to various market factors[105]. - The company plans to expand its market share by increasing the variety of new products and enhancing existing product lines to mitigate demand fluctuations in the optical communication sector[103]. - The company faces risks related to declining gross margins due to increased competition and price reductions in the optical device industry[104]. Investments and Acquisitions - The company has made substantial investments in integrated optoelectronic devices, aligning with industry trends and policies, but faces risks in achieving expected returns due to market competition and operational challenges[13]. - The company has expanded its business through investments and acquisitions to enhance operational scale and partnerships, but faces risks related to market judgment and management effectiveness[14]. - The company acquired PLC business-related assets from Kaiam in March 2019, enhancing its design and manufacturing capabilities[54]. - The company has invested a total of USD 9.5 million in Broadex Technologies UK Limited, with USD 2.5 million already fulfilled as of June 30, 2019[100]. - The company plans to invest 5.5 million USD to acquire certain assets related to the PLC business from Kaiam Corporation[142]. - The company has approved the establishment of a wholly-owned subsidiary in the UK with an investment of 10 million USD, focusing on the R&D, manufacturing, and sales of optical chips and optoelectronic devices[145]. Research and Development - The company increased R&D expenditure to 18.38 million RMB, a rise of 139.07%, representing 10.06% of operating revenue[54]. - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product efficiency[119]. - The company is committed to closely monitoring industry technology trends and focusing R&D investments on new products and technologies[104]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 11,872[158]. - Zhu Wei holds 20.16% of the shares, totaling 16,800,000 shares, with 7,000,000 shares pledged[158]. - Tiantong Holdings Co., Ltd. owns 13.20% of the shares, totaling 11,000,000 shares[158]. - Dongfang Communication Co., Ltd. holds 11.67% of the shares, totaling 9,730,000 shares[158]. - Ding Yong owns 8.91% of the shares, totaling 7,430,000 shares[158]. - Jiang Rongzhi and Wang Xiaohong each hold 2.16% of the shares, totaling 1,800,000 shares each[158]. - The total number of restricted shares at the end of the period is 49,240,000 shares, with no shares released during the reporting period[154]. Operational Challenges - The company’s existing products and technology platforms may be at risk of obsolescence due to rapid technological advancements in the optical communication industry[12]. - The company’s mid-2019 financial report emphasizes the importance of maintaining competitive pricing while managing internal cost reductions[9]. - The company aims to improve operational efficiency and reduce costs through process improvements and production line management[104]. - The company has not encountered significant changes in the feasibility of the projects after adjustments[87]. Legal and Compliance - The company’s legal representatives have confirmed the accuracy and completeness of the financial report, ensuring accountability for the information presented[6]. - The company has not engaged in derivative investments during the reporting period[96]. - The company has confirmed that all entrusted financial management activities are compliant and have no expected impairments[94]. - The company has no significant litigation or arbitration matters pending, ensuring a stable operational environment[126]. Future Outlook - The company provided performance guidance for the next quarter, expecting a revenue growth of 20%[117]. - New product launches are anticipated to contribute an additional 200 million RMB in revenue by the end of the fiscal year[118]. - Market expansion plans include entering two new international markets by Q4 2019, targeting a 10% increase in market share[120].
博创科技(300548) - 2018 Q4 - 年度财报
2019-04-29 16:00
Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2018, representing a year-on-year growth of 15%[25]. - The gross profit margin for the year was 35%, indicating a decrease from the previous year's margin of 38% due to increased competition and pricing pressures[8]. - The company's operating revenue for 2018 was ¥275,110,934.64, a decrease of 21.23% compared to ¥349,236,707.65 in 2017[32]. - The net profit attributable to shareholders for 2018 was ¥2,331,032.34, representing a significant decline of 97.08% from ¥79,800,314.93 in 2017[32]. - The net profit after deducting non-recurring gains and losses was -¥7,409,804.82 in 2018, a decrease of 110.62% compared to ¥69,804,570.28 in 2017[32]. - The company achieved revenue of 275 million yuan, a decrease of 21.23% year-over-year, and a net profit of 2.33 million yuan, down 97.08% from the previous year[48]. - The company reported a quarterly operating revenue of ¥80,352,094.46 in Q4 2018, showing a recovery trend compared to previous quarters[33]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥49,960,312.12, a 310.46% rise year-on-year[96]. - The total amount of investment income was ¥6,263,913.24, significantly impacting the profit total[97]. - The company reported an asset impairment of ¥58,957,860.76 related to its investment in Kaiam, representing a substantial portion of the total profit[97]. Market and Product Development - The company plans to expand its market presence by investing in new product development, particularly in silicon photonics technology, which is expected to drive future growth[12]. - User data indicates that demand from telecom operators and data center operators remains strong, although fluctuations in investment may impact future performance[7]. - The global optical device market is projected to grow at a compound annual growth rate of approximately 11% from 2018 to 2022[48]. - The demand for 10G PON deployment is expected to continue growing over the next five years, driven by cloud data center applications and 5G network construction[139]. - The company aims to expand its production scale of 10G PON optical modules to capture market share[139]. - The company plans to develop DWDM devices and active transceiver modules suitable for 5G bearer networks[140]. - The demand for 100G optical transceiver modules in data centers is anticipated to remain strong, with over 7 million units shipped in 2018[139]. - The company aims to become a leader in the manufacturing and promotion of optoelectronic devices based on PLC technology, focusing on modularization, integration, and miniaturization[141]. - Over the next five years, the company plans to develop four major technology platforms, including PLC, MEMS, high-speed active components, and silicon photonics, with a focus on higher integration and functionality[141]. Research and Development - Research and development expenses accounted for 12% of total revenue, reflecting the company's commitment to innovation and technology upgrades[12]. - The company maintained R&D investment of 19.69 million yuan, a growth of 0.94% year-over-year, constituting 7.16% of total revenue[62]. - The number of R&D personnel increased to 123, making up 17.47% of the total workforce, up from 13.14% in 2017[92]. - The company completed the development of a new production testing system, aimed at improving production efficiency and reducing testing costs[90]. - The company will continue to invest in R&D for high-speed active components and silicon photonics technology, ensuring the development of new products to maintain market leadership[146]. Acquisitions and Investments - The company is actively pursuing mergers and acquisitions to enhance its capabilities and expand its business scope, with several potential targets identified[14]. - The company completed the acquisition of Chengdu Dipu in June 2018, which contributed revenue of RMB 82.42 million and net profit of RMB 10.89 million for the year[63]. - The company made a significant equity investment of ¥37,116,980 in its wholly-owned subsidiary in the U.S., holding a 100% stake[105]. - The company also invested ¥29,000,000 in Shanghai Guibo, acquiring a 100% stake[105]. - The company recognized a full impairment on its investment in Kaiam due to financial difficulties, impacting its financial position[63]. Shareholder Returns - The board approved a cash dividend of 1.00 RMB per 10 shares, reaffirming the company's commitment to returning value to shareholders[14]. - The cash dividend represents 100% of the total profit distribution amount, with a distributable profit of 255,182,500.18 yuan[160]. - The cash dividend amount for 2018 is 8,335,000 yuan, which is 357.57% of the net profit attributable to ordinary shareholders in the consolidated financial statements[164]. - The company has maintained a consistent cash dividend policy over the past three years, with cash dividends of 16,534,000 yuan in both 2016 and 2017[163]. - The profit distribution plan for 2018 has been approved by the board and is pending approval from the shareholders' meeting[158]. Operational Efficiency - The company is focused on improving operational efficiency to mitigate the impact of rising raw material costs on profit margins[8]. - The company maintains a "sales-driven production" model, organizing procurement and production based on orders received[46]. - The company anticipates potential risks, including fluctuations in customer demand, declining product gross margins, and challenges in technology upgrades[150][151][152]. - The company will adjust its investment projects based on market demand and technological developments to mitigate risks associated with fundraising[152]. - The company aims to optimize its group management system to better serve customers and improve operational efficiency[146]. Risk Management - The company faces risks related to external investments, which may not yield the expected returns due to market volatility and operational challenges[13]. - The company reported a decrease in available-for-sale financial assets, fully impairing the investment in Kaiam Corporation due to its financial difficulties[100]. - The company has not reported any significant non-equity investments during the reporting period[108]. - The company has not conducted any capital reserve transfer to increase share capital for the 2018 fiscal year[158]. - The company has not sold any significant assets during the reporting period[129].
博创科技(300548) - 2019 Q1 - 季度财报
2019-04-25 16:00
Financial Performance - Total revenue for Q1 2019 was ¥84,037,595.51, an increase of 15.96% compared to ¥72,474,305.03 in the same period last year[10] - Net profit attributable to shareholders decreased by 75.77% to ¥3,403,114.61 from ¥14,043,117.12 year-on-year[10] - Net profit excluding non-recurring gains and losses was -¥1,530,370.49, a decline of 114.33% compared to ¥10,682,070.53 in the previous year[10] - Basic earnings per share decreased by 76.47% to ¥0.04 from ¥0.17 year-on-year[10] - The company reported a total profit of CNY 3,084,749.99 for Q1 2019, down from CNY 16,897,729.69 in the previous year[83] - Total comprehensive income amounted to CNY 2,626,171.26 for the current period, compared to CNY 14,048,249.60 in the previous period[93] Cash Flow - Net cash flow from operating activities fell by 90.06% to ¥4,142,681.02 from ¥41,679,706.08 in the same period last year[10] - Cash inflow from operating activities totaled CNY 65,028,466.48, down from CNY 101,863,379.50 year-over-year[97] - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of 4,142,681.02 yuan, down 90.06%[29] - The net increase in cash and cash equivalents was CNY -33,758,424.19, compared to an increase of CNY 66,805,463.69 in the previous period[100] Assets and Liabilities - Total assets at the end of the reporting period were ¥725,547,564.06, a slight increase of 1.04% from ¥718,068,403.10 at the end of the previous year[10] - Total current assets increased to ¥472,958,929.02 from ¥507,371,286.73, reflecting a decrease of approximately 6.8%[63] - Total current liabilities increased to ¥103,079,816.46 from ¥99,055,400.97, showing a rise of about 4.1%[66] - Total liabilities amounted to ¥112,164,307.18, compared to ¥110,846,357.07, marking an increase of approximately 1.2%[66] - Owner's equity totaled ¥613,383,256.88, up from ¥607,222,046.03, reflecting a growth of about 1.9%[69] Research and Development - R&D expenses increased by 127.71% to 9,429,257.05 yuan, driven by higher personnel salaries and material inputs[25] - The company plans to increase investment in new products such as DWDM devices and high-speed optical modules[30] - The company is investing 10 million USD to establish a wholly-owned subsidiary in the UK for R&D and manufacturing of optical chips and devices, with the registration process completed[40] Market and Competition - The company’s gross margin for passive products declined due to market competition affecting prices[30] - The company acknowledges risks related to fluctuations in customer demand from telecom operators and data center operators, which may affect performance and financial status[34] - The company is facing risks of declining product gross margins due to increased competition and price reductions in the optical device industry, and plans to develop new products and improve efficiency to mitigate this risk[34] Investments and Acquisitions - The company plans to acquire assets from Kaiam Corporation for 5.5 million USD to enhance its capabilities in PLC technology[40] - The investment in the planar waveguide integrated optoelectronic device industrialization project reached 80.91% completion, with a cumulative investment of 806.094 million CNY[44] - The MEMS integrated optical device R&D and industrialization project has not met expected progress, with a cumulative investment of 687.05 million CNY and a reported loss of 131.83 million CNY[47] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,962[14] - The company received government subsidies amounting to ¥3,689,568.13 during the reporting period[10]
博创科技(300548) - 2018 Q4 - 年度财报
2019-04-16 16:00
Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB in 2018, representing a year-on-year growth of 15%[25]. - The gross profit margin for the year was 35%, a decrease from 40% in the previous year, indicating potential pricing pressures in the market[8]. - The company's operating revenue for 2018 was ¥275,110,934.64, a decrease of 21.23% compared to 2017[32]. - The net profit attributable to shareholders for 2018 was ¥2,331,032.34, representing a significant decline of 97.08% from the previous year[32]. - The company reported a basic earnings per share of ¥0.03 for 2018, down 96.91% from ¥0.97 in 2017[32]. - Net profit for the year was 2.33 million yuan, down 97.08% year-on-year[62]. - The company reported a total of 1,084.29 million yuan in actual performance against a forecast of 1,000 million yuan for the year 2018[174]. Cash Flow and Assets - The net cash flow from operating activities increased by 21.94% to ¥90,314,713.46 in 2018[32]. - The total assets at the end of 2018 were ¥718,068,403.10, reflecting a growth of 4.49% compared to the end of 2017[32]. - The net increase in cash and cash equivalents was CNY 49,960,312.12, a significant increase of 310.46% year-on-year[92]. - The company recognized an asset impairment of CNY 58,957,860.76, representing 78,075.68% of total profit, due to a full impairment of its investment in Kaiam[93]. Market Strategy and Expansion - The company plans to expand its market presence by investing in new product development, particularly in silicon photonics technology, which is expected to enhance product offerings[12]. - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, reflecting a commitment to returning value to shareholders[14]. - The company plans to expand its market presence by directly selling products to large operators and equipment manufacturers[46]. - The company aims to strengthen its market presence in emerging markets such as the Middle East, India, Eastern Europe, and Southeast Asia through brand promotion and market outreach[137]. - The company will establish a sales network in major global communication markets to provide products and after-sales services[136]. Research and Development - The company maintained R&D investment of 19.69 million yuan, representing 7.16% of operating revenue, with a focus on high-end DWDM devices and 10G PON optical modules[62]. - The number of R&D personnel increased to 123, making up 17.47% of the total workforce, up from 13.14% in 2017[89]. - The company will continue to invest in R&D for key projects, including silicon photonics technology platforms and new 10G PON optical modules, to support future business development[141]. Acquisitions and Investments - The company has successfully completed several acquisitions to enhance its operational capabilities and broaden its product range, which is expected to contribute positively to future earnings[14]. - The acquisition of Chengdu Dipu in June 2018 contributed 82.42 million yuan in revenue and 10.89 million yuan in net profit for the year[62]. - The acquisition of Chengdu Dipu Optical Technology Co., Ltd. was completed in July 2018 for ¥118,000,000, resulting in a 100% ownership stake[81]. - The company made a significant equity investment of ¥37,116,980 in Bochuang America, acquiring a 100% stake, focused on the research, manufacturing, and sales of integrated optoelectronic components[101]. Risks and Challenges - The company is facing risks related to technological upgrades, as existing products may become obsolete if new technologies are not adopted timely[9]. - The company acknowledges potential risks, including fluctuations in industry demand and the possibility of declining product gross margins due to competitive pressures[142]. - The company faced significant challenges due to the restructuring of its main customer, Kaiam, leading to a substantial decline in ROSA product sales[48]. Profit Distribution - The company has set a profit distribution plan for 2018, proposing a cash dividend of 1.00 yuan per 10 shares based on a total share capital of 83,350,000 shares[151]. - The cash dividend amount for 2018 is 357.57% of the net profit attributable to ordinary shareholders, which was 2,331,032.34 CNY[157]. - The company has consistently adhered to its profit distribution plan, aligning with its articles of association and dividend management measures[156].
博创科技(300548) - 2018 Q3 - 季度财报
2018-10-28 16:00
Financial Performance - Net profit attributable to shareholders was ¥15,695,395.20, a decrease of 4.14% year-on-year[8]. - Operating revenue for the reporting period was ¥76,657,095.71, reflecting a growth of 2.12% compared to the same period last year[8]. - Basic earnings per share were ¥0.19, down 5.00% from the previous year[8]. - The weighted average return on net assets was 2.45%, a decrease of 0.33% compared to the previous year[8]. - The company reported a net profit attributable to shareholders for the year-to-date of ¥44,811,242.56, down 23.25% year-on-year[8]. - Total operating revenue for the current period reached ¥76,657,095.71, an increase from ¥75,067,785.79 in the previous period, representing a growth of approximately 2.12%[36]. - Net profit for the current period was ¥15,695,395.20, a decrease from ¥16,372,970.09, reflecting a decline of approximately 4.13%[38]. - The company reported a total comprehensive income of ¥17,268,808.47, compared to ¥16,360,055.88 in the previous period, indicating an increase of approximately 5.55%[39]. - Total operating revenue for the year-to-date period was ¥194,752,595.21, down from ¥258,459,037.68, a decrease of approximately 24.69%[44]. - Total operating costs increased to ¥61,252,425.50 from ¥56,943,497.45, marking an increase of about 7.93%[36]. - Total operating costs for the year-to-date period were ¥157,388,529.35, down from ¥199,795,266.39, reflecting a decrease of about 21.23%[44]. - Investment income for the current period was ¥830,286.12, down from ¥1,674,842.94, a decline of approximately 50.49%[42]. - The net profit for the third quarter was CNY 44,811,242.56, down from CNY 58,387,783.26 year-over-year, representing a decline of approximately 23.2%[46]. - The total comprehensive income for the third quarter was CNY 48,312,023.53, compared to CNY 58,368,379.35 in the previous year, reflecting a decline of about 17.2%[47]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date reached ¥78,853,064.92, a significant increase of 159.73%[8]. - Cash and cash equivalents increased by 196.84% to ¥63,214,068.76, primarily due to reduced payments for procurement and investment products[21]. - Total cash and cash equivalents at the end of the period reached ¥217,502,527.31, a 92.90% increase compared to the previous period[21]. - The cash flow from operating activities generated a net amount of CNY 78,853,064.92, significantly higher than CNY 30,360,011.96 in the previous period, marking an increase of 159.5%[51]. - The total cash inflow from operating activities was CNY 257,373,322.64, down from CNY 294,778,823.95 in the previous period, reflecting a decrease of about 12.7%[51]. - The cash inflow from operating activities totaled ¥275,131,502.97, down from ¥294,759,658.04 in the previous period, a decrease of approximately 6.7%[55]. - The cash outflow for purchasing goods and services was ¥83,672,203.24, compared to ¥179,859,759.41 in the previous period, indicating a significant reduction of about 53.5%[55]. - The cash flow from financing activities resulted in a net outflow of -¥16,444,000.00, slightly improved from -¥16,534,000.00 in the previous period[57]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥723,657,667.76, an increase of 5.31% compared to the end of the previous year[8]. - The total liabilities of the company were CNY 73,860,076.30, compared to CNY 69,175,721.68 at the beginning of the period, marking an increase of about 6.0%[31]. - The company's equity attributable to shareholders rose to CNY 649,797,591.46 from CNY 618,019,567.94, reflecting an increase of approximately 5.2%[31]. - The non-current assets totaled CNY 251,314,994.54, up from CNY 160,810,916.53, indicating a significant increase of about 56.3%[30]. - The company's retained earnings increased to CNY 297,662,710.39 from CNY 269,385,467.84, a growth of approximately 10.5%[31]. - The company's total current assets were CNY 472,342,673.22, down from CNY 526,384,373.09, indicating a decrease of about 10.3%[28]. - Accounts receivable decreased by 34.73% to ¥16,436,382.40, primarily due to a reduction in bank acceptance bills received from customers[18]. - Prepayments decreased by 44.15% to ¥741,520.76, mainly due to a reduction in advance payments for material purchases[18]. - Goodwill increased to ¥92,585,485.43, attributed to the acquisition of Chengdu Dipu[18]. - Non-current assets increased by 56.28% to ¥251,314,994.54, primarily due to increased investments in subsidiaries[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,499[12]. - Zhu Wei, a major shareholder, holds 20.32% of the shares, with 16,800,000 shares pledged[12]. - The company reported no non-operational fund occupation by controlling shareholders or related parties during the reporting period[24].
博创科技(300548) - 2018 Q2 - 季度财报
2018-08-22 16:00
Financial Performance - Total revenue for the first half of 2018 was CNY 118,101,744.47, a decrease of 35.60% compared to CNY 183,391,251.89 in the same period last year[23]. - Net profit attributable to shareholders was CNY 29,115,847.36, down 30.70% from CNY 42,014,813.17 year-on-year[23]. - Net profit after deducting non-recurring gains and losses was CNY 21,005,550.96, a decline of 40.37% compared to CNY 35,226,800.59 in the previous year[23]. - Basic earnings per share decreased to CNY 0.35, down 31.37% from CNY 0.51 in the previous year[23]. - The overall gross margin decreased by 5.45 percentage points due to the decline in active device sales[31]. - The company reported a total profit for the first half of 2018 of CNY 33,483,600.06, down from CNY 49,699,685.68, a decrease of approximately 32.6%[142]. - Comprehensive income for the first half of 2018 totaled CNY 31,043,215.06, down from CNY 42,008,323.47, indicating a decline of approximately 26.1%[143]. Cash Flow and Liquidity - Operating cash flow for the period was CNY 69,876,978.04, a significant increase of 464.93% from a negative CNY 19,147,961.49 in the same period last year[23]. - The company achieved a cash flow from operating activities of 69.88 million yuan, a significant increase of 464.93% compared to the previous year[43]. - Cash and cash equivalents increased by 151.38 million yuan, a rise of 250.19% due to increased sales and investment returns[43]. - The company reported a significant increase in cash flow, indicating improved liquidity and operational efficiency[132]. - Cash and cash equivalents at the end of the period increased to CNY 305.7 million, compared to CNY 77.2 million at the end of the previous period[150]. Sales and Revenue Breakdown - Domestic sales revenue was 77 million yuan, a decline of 5.98%, accounting for 65.18% of total sales[39]. - International sales revenue was 41 million yuan, a significant drop of 59.49%, making up 34.82% of total sales[39]. - Revenue from passive optical devices reached 105 million yuan, an increase of 0.72% year-on-year[39]. - Revenue from active optical devices was 13 million yuan, a sharp decline of 83.83% compared to the previous year[39]. Investments and Acquisitions - The company plans to acquire Chengdu Dipu Optoelectronics Technology Co., Ltd. to gain access to PON optical module technology[35]. - The company completed a 50 million USD investment in its wholly-owned subsidiary, Broadex Technologies Inc., to expand its operations in the United States[40]. - The company acquired 100% equity of Chengdu Dipu Optoelectronics Technology Co., Ltd. for 118 million yuan, enhancing its strategic layout in active devices[40]. - The company is actively pursuing strategic investments and acquisitions to expand its business scope and enhance partnerships[10]. Risks and Challenges - The company faces risks related to fluctuations in customer demand, potential declines in product gross margins, and challenges in technology upgrades[6][7][8]. - The company anticipates a potential decline in gross profit margins due to increased competition and price reductions in the optical device industry, as many products are entering maturity[75]. - The company has raised concerns about the potential inability of fundraising investment projects to meet expected benefits due to various external factors, including market competition and changes in macroeconomic conditions[77]. Research and Development - Research and development expenses were 7.69 million yuan, down 28.09% year-on-year[43]. - The company has established core technologies in optical chip processing and packaging, with 20 patents in hand[35]. - The company aims to enhance R&D investment in cutting-edge fields to cultivate new technology platforms and products for future business growth[64]. Shareholder and Equity Information - The company does not plan to distribute cash dividends or issue bonus shares for the 2018 interim period[11]. - The company has a commitment to maintain shareholding stability among major shareholders, with restrictions on share transfers for a specified period[81]. - The total number of shares is 82,670,000, with 58.74% being restricted shares[112]. Financial Position - Total assets at the end of the reporting period were CNY 688,965,161.61, a slight increase of 0.26% from CNY 687,195,289.62 at the end of the previous year[23]. - Total liabilities decreased from CNY 69,175,721.68 to CNY 56,436,378.61, representing a reduction of approximately 18.4%[134]. - Owner's equity increased from CNY 618,019,567.94 to CNY 632,528,783.00, showing a growth of about 2%[135]. Compliance and Governance - The financial report for the first half of 2018 was not audited[130]. - The financial statements have been approved by the board of directors on August 21, 2018, ensuring compliance with accounting standards[168]. - The company has not reported any significant non-equity investments during the reporting period[57].
博创科技(300548) - 2018 Q1 - 季度财报
2018-04-26 16:00
Financial Performance - Total revenue for Q1 2018 was ¥72,474,305.03, a decrease of 18.00% compared to ¥88,388,045.33 in the same period last year[8] - Net profit attributable to shareholders was ¥14,043,117.12, down 30.19% from ¥20,115,710.59 year-on-year[8] - Net profit excluding non-recurring items was ¥10,682,070.53, representing a decline of 37.95% compared to ¥17,216,623.30 in the previous year[8] - Basic and diluted earnings per share were both ¥0.17, down 29.17% from ¥0.24 in the previous year[8] - Operating profit was 16.27 million, a decrease of 30.98% compared to the previous year, primarily due to a decline in sales revenue[22] - Total profit amounted to 16.90 million, down 34.19% year-on-year, mainly due to decreased sales revenue[22] - The gross margin decreased by 6.74 percentage points due to a decline in sales scale and price reductions of certain products[25] - The total comprehensive income for Q1 2018 was ¥14,025,550.24, a decrease of 30% from ¥20,192,077.43 in Q1 2017[53] Cash Flow and Liquidity - Operating cash flow for the period was ¥41,679,706.08, a significant increase of 757.77% from a negative cash flow of ¥6,336,473.26 in the same period last year[8] - Cash and cash equivalents increased to CNY 221,816,353.48 from CNY 155,401,362.73, reflecting a growth of approximately 42.6%[43] - The net cash flow from operating activities for Q1 2018 was ¥41,679,706.08, a significant improvement from a negative cash flow of ¥6,336,473.26 in Q1 2017[60] - Cash and cash equivalents at the end of Q1 2018 amounted to ¥221,093,922.24, up from ¥137,873,593.22 at the end of Q1 2017[61] - The company received tax refunds of 1.38 million, a decrease of 49.62% compared to the same period last year[23] Assets and Liabilities - Total assets at the end of the period were ¥697,112,868.39, an increase of 1.44% from ¥687,195,289.62 at the end of the previous year[8] - The company's total liabilities increased by 118.96% to CNY 12,401,429.21, mainly due to increased government subsidies received by a wholly-owned subsidiary[20] - Accounts receivable decreased to CNY 84,216,467.93 from CNY 92,108,418.10, a decline of about 8.5%[43] - Total liabilities decreased to CNY 57,867,035.40 from CNY 69,175,068.26, indicating a reduction of about 16.4%[49] Investment and Growth Plans - The company plans to expand its market share and develop new products to mitigate risks associated with market volatility and competition[11][12] - The company completed an investment of 5 million USD in its U.S. subsidiary, enhancing its market presence[28] - The company plans to accelerate the industrialization of new products to achieve business growth throughout the year[25] - The total amount of raised funds is 197.02 million CNY, with 2.43 million CNY invested in the current quarter[35] - The company has committed to investment projects, with the total investment amount yet to be specified[35] Risks and Challenges - The company faces risks related to fluctuations in customer demand, declining product gross margins, and potential technological obsolescence[11][12] - The MEMS integrated optical device R&D project faced challenges, with a completion rate of only 21.89% due to market size discrepancies[36] Shareholder and Regulatory Commitments - The company has made commitments to maintain stock price stability for public investors[32] - There are no reported delays in fulfilling commitments made to minority shareholders[33] - The company is committed to transparency and adherence to regulations regarding stock price management[32]