景嘉微(300474) - 2017 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2017 was CNY 49,369,356.50, a decrease of 1.39% compared to CNY 50,066,479.28 in the same period last year[7] - Net profit attributable to shareholders was CNY 13,055,101.37, down 43.43% from CNY 23,078,714.58 year-on-year[7] - The company achieved operating revenue of 49.37 million yuan, a decrease of 1.39% compared to the same period last year[24] - The total profit for the company was 15.91 million yuan, with a net profit of 13.06 million yuan, down from 23.08 million yuan in the same period last year[24] - Operating profit decreased to ¥16,180,628.95 from ¥24,513,750.27 year-over-year[46] - Basic and diluted earnings per share decreased to ¥0.05 from ¥0.23 in the previous period[47] Cash Flow - Net cash flow from operating activities was negative CNY 28,094,547.07, a significant decline of 1,713.80% compared to negative CNY 1,548,929.64 in the previous year[7] - Cash flow from operating activities showed a significant decline of 1713.80%, resulting in -¥28,094,547.07 due to reduced cash receipts from sales[23] - The net cash flow from operating activities was -21,898,840.86 CNY, compared to a positive cash flow of 5,213,355.42 CNY in the previous period[56] - The total cash outflow from operating activities was 48,262,652.56 CNY, slightly lower than 48,376,415.43 CNY in the previous period[56] - The cash flow from sales of goods and services was 22,658,649.65 CNY, significantly lower than 47,754,968.69 CNY in the previous period[56] Assets and Liabilities - The company’s total assets increased by 1.80% to CNY 963,530,759.47 compared to CNY 946,506,832.47 at the end of the previous year[7] - Total current assets decreased from CNY 753.41 million to CNY 744.37 million, a decline of approximately 1.5%[37] - Total non-current assets increased from CNY 193.10 million to CNY 219.16 million, an increase of about 13.5%[38] - Total current liabilities decreased from CNY 56.06 million to CNY 50.89 million, a reduction of about 9.4%[39] - Total liabilities decreased from CNY 77.07 million to CNY 74.35 million, a decline of approximately 3.5%[39] - Total equity attributable to shareholders increased from CNY 869.44 million to CNY 889.18 million, an increase of about 2.3%[40] Expenses - Operating costs increased by 65.97% to ¥12,951,088.52 in Q1 2017 compared to ¥7,803,238.64 in Q1 2016, primarily due to changes in product sales structure[21] - Sales expenses surged by 146.68% to ¥3,340,117.87 in Q1 2017 from ¥1,354,034.21 in Q1 2016, mainly driven by increased marketing expenses[21] - Management expenses rose to ¥17,991,800.18 from ¥13,917,028.92 in the previous period[46] - Financial expenses decreased by 728.60% to -¥1,784,478.78 in Q1 2017, attributed to the absence of bank loans and interest income from bank deposits[21] Research and Development - R&D expenses for Q1 2017 amounted to CNY 9,422,000, representing 19.08% of total revenue, an increase from 18.03% in the same period of 2016[11] - The company plans to increase R&D investment and develop a series of advanced graphics processing chips to meet growing customer demand[24] Customer and Supplier Concentration - The company faces risks related to high customer concentration, primarily relying on a few major clients such as AVIC[9] - The top five customers contributed 97.36% of total sales, amounting to 48.06 million yuan in the reporting period[25] - The top five suppliers accounted for 45.34% of total procurement, with purchases amounting to 5.63 million yuan during the reporting period[25] Investment Activities - Cash flow from investment activities also decreased by 694.53% to -¥27,932,863.13, primarily due to increased expenditures on R&D project base construction[23] - The company has invested a total of 27.12 million yuan from the raised funds, with 2.01 million yuan invested in the current quarter[29] - The construction of the research and production base is 47.99% complete, with an expected completion date of December 31, 2017[29] - The JM5400 graphics chip project has been fully funded and completed, with a total investment of 57.58 million yuan[29] Other Financial Information - The company reported a significant reduction of 80.19% in asset impairment losses, totaling ¥283,106.07, due to decreased provisions for bad debts[21] - The report was not audited, indicating that the figures may be subject to change upon further review[60]