WLCSP(SH:603005)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 350,437,333.54, a decline of 22.47% year-on-year[6] - Net profit attributable to shareholders decreased by 68.36% to CNY 30,262,473.61 for the first nine months[6] - Basic earnings per share fell by 69.05% to CNY 0.13[6] - The weighted average return on equity decreased to 1.82% from 5.99% in the previous year[6] - Total operating revenue for Q3 2016 was CNY 112,031,938.84, a decrease of 24.1% compared to CNY 147,675,204.17 in Q3 2015[30] - Year-to-date revenue for the first nine months of 2016 reached CNY 350,437,333.54, down 22.5% from CNY 452,008,611.78 in the same period last year[30] - The net profit attributable to shareholders for the first three quarters of 2016 decreased by 68.36% year-on-year, potentially leading to a significant decline in annual net profit compared to 2015[19] - The net profit attributable to shareholders was CNY 4,339,499.96, down 83.7% from CNY 26,609,133.14 in the same quarter last year[32] - Operating profit for Q3 2016 was CNY 5,265,240.21, a decline of 77.6% compared to CNY 23,266,534.18 in Q3 2015[34] - The total profit for Q3 2016 was CNY 6,862,574.89, a decrease of 79.2% from CNY 33,063,426.50 in Q3 2015[34] - The company reported a total comprehensive income of CNY 32,541,047.40 for the first nine months of 2016, down from CNY 100,893,146.56 in the previous year, a decline of approximately 67.8%[35] Cash Flow and Liquidity - Cash flow from operating activities dropped by 42.72% to CNY 75,101,103.12 compared to the same period last year[6] - Cash inflow from operating activities totaled CNY 384,937,058.25, compared to CNY 536,300,213.66 in the same period last year, reflecting a decrease of approximately 28.2%[39] - Cash outflow from investing activities was CNY 467,217,393.62, significantly higher than CNY 738,812,673.62 in the previous year, indicating a reduction in investment spending[38] - Cash flow from financing activities showed a net outflow of CNY 24,937,221.60, compared to a net outflow of CNY 39,703,565.38 in the same period last year, improving by about 37.3%[38] - The net cash flow from operating activities was 78,633,497.98 CNY, a decrease of 42% compared to 134,922,136.47 CNY in the previous year[40] - The total cash inflow from investment activities was 461,388,633.56 CNY, up from 262,252,172.22 CNY, marking a 76% increase year-over-year[40] - The cash flow from financing activities included 50,106,500.00 CNY from loans, which was not present in the previous year[40] - The cash paid for the acquisition of fixed assets was 107,217,393.62 CNY, a decrease from 398,812,673.62 CNY, indicating a reduction of 73%[40] Assets and Liabilities - Total assets decreased by 6.04% to CNY 1,877,679,962.55 compared to the end of the previous year[6] - Total assets as of September 30, 2016, amounted to CNY 1,903,072,756.09, a decline from CNY 2,020,385,037.33 at the beginning of the year[28] - Total liabilities decreased to CNY 225,718,577.97 from CNY 350,635,241.56 at the start of the year, representing a reduction of 35.7%[28] - Current liabilities totaled CNY 145,074,271.93, down 43.4% from CNY 256,309,202.66 at the beginning of the year[28] - Non-current liabilities were CNY 80,644,306.04, a decrease of 14.5% compared to CNY 94,326,038.90 at the start of the year[28] - The total current assets decreased to ¥717,985,662.97 from ¥748,363,627.61, indicating a reduction in liquidity[23] Shareholder Information - The company had a total of 24,656 shareholders at the end of the reporting period[10] - The largest shareholder, ENGINEERING AND IP LTD, holds 25.21% of the shares[10] Inventory and Other Assets - Inventory increased by 31.62% to ¥49,306,688.22 compared to the previous year[13] - Other current assets decreased by 46.54% to ¥117,023,792.24, primarily due to a reduction in purchased financial products[13] - Accounts payable decreased by 46.59% to ¥122,927,407.12, mainly due to payments for due equipment[13] - Prepayments increased by 79.66% to ¥764,115.53, indicating a rise in advance payments received[13] - Other non-current assets increased by 327.90% to ¥557,132.25, primarily due to an increase in prepaid equipment[13] Government Subsidies and Non-Recurring Items - Government subsidies recognized in the current period amounted to CNY 4,841,917.62[8] - Non-recurring gains and losses for the current period included a loss of CNY 3,433,905.54 from the disposal of non-current assets[8] - Operating profit from non-operating income decreased by 56.52% to ¥14,598,745.20, mainly due to a reduction in government subsidies recognized[14] Strategic Initiatives - The company plans to enhance business and market adjustments to explore new growth points and improve operational management and production efficiency[20] - The company aims to optimize product structure and increase product and technology diversity to strengthen competitive advantages[20] - The company is facing intensified competition and a slowdown in market growth for smartphones and PCs, impacting sales scale[19] - The company is committed to maintaining non-competition with other businesses in similar sectors to avoid conflicts of interest[19]