精伦电子(600355) - 2018 Q3 - 季度财报

Important Notice Important Notice The Board, Supervisory Board, and senior management guarantee the report's truthfulness and completeness; this quarterly report is unaudited - All directors, supervisors, and senior executives guarantee the truthfulness, accuracy, and completeness of the report[5] - Company head Zhang Xueyang, chief accountant Li Xuejun, and head of accounting Wang Ping guarantee the truthfulness, accuracy, and completeness of the financial statements[5] - This company's third-quarter report is unaudited[5] Company Overview Major Financial Data As of Q3 2018, total assets increased, revenue grew significantly, and the company achieved profitability, with improved operating cash flow Major Financial Data for Q1-Q3 2018 | Metric | Current Period End / Year-to-Date | Prior Year End / Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets (CNY) | 549,604,276.50 | 521,303,110.83 | 5.43% | | Net Assets Attributable to Shareholders (CNY) | 354,703,913.83 | 350,554,535.52 | 1.18% | | Operating Revenue (CNY) | 295,148,118.40 | 247,826,090.45 | 19.09% | | Net Profit Attributable to Shareholders (CNY) | 4,149,378.31 | -11,182,540.98 | N/A | | Net Cash Flow from Operating Activities (CNY) | -15,368,284.83 | -56,227,766.17 | N/A | - Year-to-date (January-September), the company's non-recurring gains and losses totaled CNY 2.12 million, primarily from government subsidies[6] Shareholder Information As of report end, the company had 28,547 shareholders, with its largest shareholder holding 12.19% and certain top shareholders having related party relationships - As of the report period end, the company had 28,547 common shareholders[7] - The largest shareholder, Zhang Xueyang, holds 60,000,000 shares, accounting for 12.19% of the total share capital[7] - Among the top ten shareholders, Zhang Xueyang and Luo Jianfeng have an in-law relationship[8] Preferred Shareholder Information The company had no preferred shareholders during the reporting period - As of the report period end, the company had no preferred shareholders[8] Significant Events Analysis of Major Changes in Financial Statement Items and Indicators Significant financial changes include increased assets and liabilities from new borrowings, shifts in expenses and income due to capitalization and reclassification, and improved operating and financing cash flows Major Balance Sheet Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Cash and Bank Balances | 59.92 | New bank borrowings and increased customer collections | | Prepayments | 221.52 | Increased raw material purchases for ID card readers | | Other Current Assets | -88.26 | All bank wealth management products redeemed | | Short-term Borrowings | 240.00 | New bank borrowings | Major Income Statement Changes | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | R&D Expenses | -41.73 | Partial R&D projects entered development phase, expenditures capitalized | | Financial Expenses | 20049.87 | Increased loan interest expenses | | Investment Income | -119.14 | Increased losses from associates | | Non-operating Income | -98.26 | Government grants reclassified to other income | | Income Tax Expense | 4581.45 | Impact of deferred income tax | Major Cash Flow Statement Changes | Item | Change | Primary Reason | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | Improved by 72.67% | Increased sales and customer collections | | Net Cash Flow from Investing Activities | Decreased by 154.94% | Net decrease in purchase and redemption of wealth management products | | Net Cash Flow from Financing Activities | Increased by 198.60% | New bank borrowings | Progress of Significant Events The bankruptcy liquidation of Shanghai Jinglun Communication Technology Co., Ltd., a subsidiary resolved for dissolution in 2008, is ongoing, awaiting final court ruling - The bankruptcy liquidation process for Shanghai Jinglun Communication Technology Co., Ltd., a subsidiary resolved for dissolution by the company in 2008, is ongoing, awaiting final court ruling[11] Appendix Financial Statements This appendix presents the company's unaudited Q3 2018 financial statements, covering consolidated and parent company balance sheets, income statements, and cash flow statements Consolidated Balance Sheet As of September 30, 2018, consolidated total assets were CNY 550 million, liabilities CNY 196 million, and parent equity CNY 355 million Consolidated Balance Sheet Key Data (2018-09-30) | Item | Period-End Balance (CNY) | | :--- | :--- | | Total Assets | 549,604,276.50 | | Total Liabilities | 196,086,395.16 | | Total Equity Attributable to Parent Company Owners | 354,703,913.83 | Parent Company Balance Sheet As of September 30, 2018, parent company total assets were CNY 613 million, liabilities CNY 252 million, and total owner's equity CNY 361 million Parent Company Balance Sheet Key Data (2018-09-30) | Item | Period-End Balance (CNY) | | :--- | :--- | | Total Assets | 613,169,139.26 | | Total Liabilities | 252,126,865.44 | | Total Owner's Equity (or Shareholder's Equity) | 361,042,273.82 | Consolidated Income Statement From January to September 2018, total operating revenue was CNY 295.15 million, with net profit attributable to parent company owners at CNY 4.15 million and basic EPS of CNY 0.01 Consolidated Income Statement Key Data (Jan-Sep 2018) | Item | Amount (CNY) | | :--- | :--- | | Total Operating Revenue | 295,148,118.40 | | Operating Profit | 9,929,884.62 | | Net Profit Attributable to Parent Company Owners | 4,149,378.31 | | Basic Earnings Per Share (CNY/share) | 0.01 | Parent Company Income Statement From January to September 2018, the parent company's operating revenue was CNY 121 million, with a net loss of CNY 12.93 million Parent Company Income Statement Key Data (Jan-Sep 2018) | Item | Amount (CNY) | | :--- | :--- | | Operating Revenue | 120,824,217.68 | | Operating Profit | -12,940,270.37 | | Net Profit | -12,932,814.25 | Consolidated Cash Flow Statement From January to September 2018, net cash flow from operating activities was -CNY 15.37 million, investing activities -CNY 4.68 million, and financing activities CNY 33.83 million, with period-end cash equivalents at CNY 52.21 million Consolidated Cash Flow Statement Key Data (Jan-Sep 2018) | Item | Amount (CNY) | | :--- | :--- | | Net Cash Flow from Operating Activities | -15,368,284.83 | | Net Cash Flow from Investing Activities | -4,681,982.74 | | Net Cash Flow from Financing Activities | 33,832,281.94 | | Cash and Cash Equivalents at Period End | 52,211,759.94 | Parent Company Cash Flow Statement From January to September 2018, parent company net cash flow from operating activities was -CNY 27.39 million, investing activities -CNY 3.84 million, and financing activities CNY 38.52 million, with period-end cash equivalents at CNY 27.66 million Parent Company Cash Flow Statement Key Data (Jan-Sep 2018) | Item | Amount (CNY) | | :--- | :--- | | Net Cash Flow from Operating Activities | -27,386,623.67 | | Net Cash Flow from Investing Activities | -3,843,676.39 | | Net Cash Flow from Financing Activities | 38,523,923.83 | | Cash and Cash Equivalents at Period End | 27,664,767.20 | Audit Report This quarterly report is unaudited - This financial report is unaudited[34]