BIRD(SH:600130)2015-08-17 16:00Financial Performance - The company achieved operating revenue of CNY 759.26 million, a decrease of 3.10% compared to the same period last year[18]. - The net profit attributable to shareholders was CNY 20.63 million, down 30.45% year-on-year[18]. - The basic earnings per share decreased by 25.00% to CNY 0.03[19]. - The company reported a significant decline in profitability due to increased competition in the domestic smartphone market[23]. - Total operating revenue for the current period is ¥759,260,262.11, a decrease of 3.98% from ¥783,574,531.27 in the previous period[77]. - Net profit for the current period is ¥20,631,876.88, a decline of 30.5% compared to ¥29,665,670.33 in the previous period[77]. - The company reported an investment income of ¥10,007,542.61, down 42.7% from ¥17,480,241.95 in the previous period[77]. - The total profit for the current period is ¥21,159,096.70, a decrease of 33.1% from ¥31,650,017.37 in the previous period[77]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 67.30 million, a significant improvement from a negative CNY 99.30 million in the previous year[18]. - The company reported a net cash flow from investment activities of $35.93 million, recovering from a negative cash flow of $1.83 million in the previous year[25]. - The company’s financing activities generated a net cash flow of $2.68 million, a decrease of 55.86% compared to the previous year[25]. - Cash inflow from operating activities totaled ¥970,663,352.96, an increase of 24.2% from ¥781,695,721.05 in the previous period[81]. - Cash inflow from investment activities totaled 170,226,281.32 RMB, compared to 122,961,451.75 RMB in the previous period, marking an increase of approximately 38.3%[86]. - Cash inflow from financing activities was 101,755,864.96 RMB, a substantial increase from 6,158,048.34 RMB in the previous period[83]. - The total cash and cash equivalents at the end of the period amounted to 415,580,893.58 RMB, up from 338,182,567.62 RMB in the previous period[83]. Assets and Liabilities - The company's total assets increased by 2.09% to CNY 1.23 billion compared to the end of the previous year[18]. - The total liabilities increased from ¥302,452,886.58 to ¥306,903,584.26, an increase of about 1.5%[72]. - Current liabilities rose from ¥293,159,835.03 to ¥297,863,183.63, an increase of about 1.2%[71]. - The company's total equity remained stable at ¥919,163,003.88 compared to ¥898,529,906.73, reflecting a growth of approximately 2.3%[72]. - The total owner's equity at the beginning of the year was CNY 898,529,906.73[91]. - The total equity at the end of the reporting period is CNY 853,809,483.97, reflecting a decrease in retained earnings of CNY 436,386,770.05[92]. Investments and Subsidiaries - The company has invested a total of 20 million RMB in bank wealth management products with a floating return, generating an estimated profit of 93,150.68 RMB over 34 days[40]. - The company has a total of 6 wholly-owned subsidiaries, with no changes in equity during the reporting period[42]. - The total assets of the main subsidiary, Ningbo Softwave Limited, amount to 49,265.86 million RMB, with a net profit of 50.76 million RMB[43]. - The company has not engaged in any asset transactions or corporate mergers during the reporting period[55]. - The company has not reported any significant related party transactions during the reporting period[55]. Governance and Compliance - The company’s governance practices are in compliance with the Company Law and relevant regulations[55]. - The company has not made any changes to its accounting firm during the reporting period[55]. - The company has not disclosed any significant changes in accounting policies or estimates during the reporting period[56]. - The company has maintained a consistent capital stock of CNY 768,000,000 throughout the reporting periods[92]. Taxation and Financial Policies - The company applies a corporate income tax rate of 25% on taxable income, with various other tax rates applicable to different tax types[159]. - The company benefited from a 17% tax rebate policy on exports for its subsidiary, which positively impacted its financial performance[160]. - The company’s subsidiaries enjoyed corporate income tax reductions, with rates as low as 15% for high-tech enterprises, enhancing profitability[160]. Inventory and Receivables - The company has a total of CNY 128,718,645.21 in inventory, with a provision for inventory depreciation amounting to CNY 13,456,142.19[185]. - The total balance of other receivables at the end of the period is CNY 114,881,931.63, down from CNY 145,402,824.28 at the beginning of the period, representing a decrease of approximately 21%[181]. - The balance of receivables for export tax refunds is CNY 61,935,622.59, which accounts for 53.91% of the total other receivables[183]. - The company reported a bad debt provision recovery of CNY 0 for the current period, indicating no significant recoveries from previously written-off accounts[168].