电科芯片(600877) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the period was CNY 309,077,087.20, a decrease of 30.77% year-on-year[6] - Net profit attributable to shareholders was CNY -161,252,519.87, a decrease of 607.95% compared to the previous year[6] - Basic and diluted earnings per share were both CNY -0.2346, a decrease of 607.79% year-on-year[6] - Total operating revenue for Q3 2018 was ¥107,921,856.23, a decrease of 19.0% compared to ¥133,316,251.95 in Q3 2017[43] - Total operating costs for Q3 2018 were ¥122,355,258.41, down 34.4% from ¥186,608,024.31 in Q3 2017[43] - Net profit for Q3 2018 was a loss of ¥728,956.03, compared to a profit of ¥37,262,551.84 in Q3 2017[44] - Total operating revenue for the year-to-date period (January to September 2018) was ¥309,077,087.20, down 30.8% from ¥446,424,274.38 in the same period last year[43] - Net profit for the first nine months was a loss of CNY 285,072,630.94, compared to a profit of CNY 62,781,733.66 in the previous year[49] Cash Flow - Cash flow from operating activities was CNY -102,923,771.44, compared to CNY -41,254,151.78 in the same period last year[6] - The net cash flow from operating activities for the year-to-date period is -$61.8 million, a significant decrease compared to $9.7 million in the same period last year[53] - Total cash inflow from operating activities is $143.5 million, down from $1.42 billion year-over-year[53] - Cash outflow from operating activities reached $205.3 million, compared to $1.41 billion in the previous year[53] - The net cash flow from investing activities is $312.4 million, a substantial increase from $1.3 million in the same period last year[53] - Cash inflow from investing activities totaled $1.13 billion, a sharp rise from $19.7 million year-over-year[53] - Cash outflow from investing activities was $822.2 million, compared to $18.4 million in the previous year[53] - The net cash flow from financing activities is -$255.6 million, worsening from -$139.1 million in the same period last year[54] - Total cash inflow from financing activities is $970.3 million, down from $1.09 billion year-over-year[54] - Cash outflow from financing activities reached $1.23 billion, slightly lower than $1.23 billion in the previous year[54] - The ending cash and cash equivalents balance is $35.9 million, a decrease from $163.9 million at the beginning of the period[54] Assets and Liabilities - Total assets decreased by 40.20% to CNY 1,000,633,586.24 compared to the end of the previous year[6] - Total current assets decreased from CNY 840,599,610.12 at the beginning of the year to CNY 297,696,889.91, a decline of approximately 64.6%[35] - Total non-current assets decreased from CNY 832,706,181.87 to CNY 702,936,696.33, a reduction of about 15.6%[36] - Total liabilities decreased from CNY 1,672,231,389.67 to CNY 1,166,303,965.39, a decline of approximately 30.3%[37] - The company's total equity turned negative, from CNY 1,074,402.32 to CNY -165,670,379.15[37] - Short-term borrowings decreased from CNY 517,423,388.65 to CNY 398,230,654.28, a decline of approximately 23%[36] Research and Development - Research and development expenses decreased by 91.21% to CNY 1,672,005.26 due to reduced investment in R&D[13] - Research and development expenses for the year-to-date period (January to September 2018) were ¥1,672,005.26, a decrease of 91.2% from ¥19,024,440.01 in the same period last year[44] - Research and development expenses for the first nine months totaled CNY 7,871,234.37, reflecting ongoing investment in innovation[48] Management and Restructuring - The company reported a significant increase in management expenses by 126.67% to CNY 164,351,214.10 due to restructuring costs[13] - The company initiated a major asset restructuring in January 2018, leading to multiple stock suspensions starting from October 27, 2017, with expected suspension periods not exceeding one month[25] - The company completed the internal restructuring by transferring all assets and liabilities, except for the 100% equity of Chongqing Jialing, to its wholly-owned subsidiary[28] - The company received approvals from the Ministry of Finance and the National Defense Science and Technology Industry Bureau for its major asset restructuring[27] - The company plans to issue shares to purchase assets as part of its major asset restructuring, with the application submitted to the China Securities Regulatory Commission[29] Other Financial Metrics - Investment income decreased by 71.1% to CNY 36,105,350.08 compared to the previous year[13] - The company reported a decrease in expected liabilities related to litigation, indicating a reduction in potential payment amounts[24] - The company confirmed a significant increase in prepaid domestic motorcycle production payments during the reporting period[22] - The company reported a net loss of CNY 1,524,483,054.22 in retained earnings, compared to a loss of CNY 1,363,230,534.35 at the beginning of the year[37] - The company's cash and cash equivalents decreased from CNY 601,818,591.43 to CNY 67,245,026.65, a decline of approximately 88.8%[35]