Hundsun(SH:600570)2017-04-24 16:00Financial Performance - Operating revenue increased by 31.42% to CNY 442,854,712.44 year-on-year[6] - Net profit attributable to shareholders decreased by 41.08% to CNY 42,249,123.57 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses dropped by 48.12% to CNY 26,801,219.46[6] - Basic and diluted earnings per share both decreased by 41.67% to CNY 0.07[6] - Net profit for the period was CNY 41,055,338.43, compared to CNY 64,698,986.85 in the same period last year, indicating a decrease of 36.6%[35] - Net profit for the current period was ¥39,052,395.43, down 51.2% from ¥80,012,114.67 in the previous period[39] Assets and Liabilities - Total assets decreased by 5.91% to CNY 4,279,517,057.81 compared to the end of the previous year[6] - The total assets decreased to CNY 3,997,174,590.45 from CNY 4,253,193,301.06, a decline of approximately 6.0%[32] - Current liabilities totaled CNY 992,932,544.47, down from CNY 1,319,874,785.28, a reduction of 24.7%[32] - The company's total liabilities decreased to CNY 1,067,427,941.22 from CNY 1,394,543,681.38, a decrease of 23.4%[32] - The equity attributable to shareholders increased to CNY 2,929,746,649.23 from CNY 2,858,649,619.68, reflecting a growth of 2.5%[32] Cash Flow - Net cash flow from operating activities was negative at ¥-414,015,505.32, worsening from ¥-334,150,546.16 year-on-year, mainly due to increased employee compensation[15] - Cash flow from investing activities increased by 78.04% to ¥342,928,720.66, reflecting a reduction in the scope of consolidated financial statements from the previous year[15] - Cash flow from financing activities decreased by 75.00% to ¥6,000,000.00, due to a reduction in cash received from minority shareholders' investments compared to the previous year[15] - Cash flow from operating activities showed a net outflow of ¥414,015,505.32, worsening from a net outflow of ¥334,150,546.16 in the previous period[44] - Cash inflow from investment activities totaled $1.23 billion, down from $1.57 billion, representing a decrease of about 21.2%[47] - The net cash flow from investment activities improved to $288.26 million from $109.65 million, showing a significant increase[49] Expenses - Operating costs surged by 413.08% to ¥18,786,213.33, primarily due to increased sales of purchased goods[15] - Management expenses increased by 46.63% to ¥297,184,640.33, driven by higher R&D investments and personnel costs[15] - Sales expenses increased to ¥124,596,550.13 from ¥99,981,533.97, indicating a rise of 24.6%[39] - Management expenses rose significantly to ¥255,793,071.24 from ¥155,762,766.17, marking an increase of 64.2%[39] Shareholder Information - The number of shareholders reached 114,654 at the end of the reporting period[10] - The largest shareholder, Hangzhou Hengsheng Electronic Group Co., Ltd., holds 20.72% of the shares[10] Investment Income - Investment income rose significantly by 944.65% to ¥33,197,980.85, attributed to higher returns from investments in joint ventures[15] - The company reported an investment income of CNY 33,197,980.85, compared to CNY 3,177,890.52 in the previous year, showing a substantial increase[35] Risks and Uncertainties - The company has a net asset balance of ¥-419,261,650.81 for its subsidiary, indicating significant uncertainty regarding its ability to continue as a going concern[18] - The company warns of major risks to future operations due to potential regulatory restrictions stemming from administrative penalties against its subsidiary[19] Other Comprehensive Income - Other comprehensive income after tax was CNY 32,044,634.12, a significant recovery from a loss of CNY 36,924,874.90 in the previous year[35] - The fair value change of available-for-sale financial assets resulted in a gain of ¥32,044,634.12, compared to a loss of ¥36,924,874.90 in the previous period[40]