Wondertek(SH:603189)2017-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY -3,162,452.84, a decrease of 233.31% year-on-year[5] - Operating revenue fell by 28.14% to CNY 37,720,326.09 compared to the same period last year[5] - The report period's net profit after deducting non-recurring gains and losses was CNY -3,391,661.57, a decrease of 258.88% year-on-year[5] - Operating profit turned negative at -¥3,432,286.64 compared to a profit of ¥2,624,799.05 in the previous period[33] - Net profit also turned negative at -¥3,162,452.84, down from a profit of ¥2,372,299.07 in the same period last year[33] Cash Flow - Net cash flow from operating activities improved by 49.87%, reaching CNY -29,789,255.84[5] - Cash flow from operating activities showed a net outflow of -¥29,789,255.84, an improvement from -¥59,420,081.11 in the previous year[40] - The company reported a net cash flow from operating activities of -21,032,809.43 RMB for Q1 2017, compared to -59,162,682.39 RMB in the same period last year, indicating an improvement[42] - Cash inflow from investment activities was ¥150,000,000.00, with a net cash flow from investments of ¥91,004,868.79[40] - Cash inflow from investment activities totaled 150,000,000.00 RMB, resulting in a net cash flow from investment activities of 91,004,868.79 RMB, a significant increase from -27,864.00 RMB in the previous year[43] Assets and Liabilities - Total assets decreased by 2.39% to CNY 822,103,388.76 compared to the end of the previous year[5] - Current assets totaled ¥676,767,752.45, a decrease of 4.9% from ¥706,127,482.17 at the beginning of the year[23] - Total liabilities decreased to ¥35,591,595.56, down 32.3% from ¥52,506,853.60 at the beginning of the year[25] - Non-current assets amounted to ¥145,335,636.31, an increase of 6.5% from ¥136,079,511.99 at the beginning of the year[24] Shareholder Information - The total number of shareholders reached 32,001 at the end of the reporting period[9] - The largest shareholder, Jiang Hongye, holds 43.21% of the shares, amounting to 95,400,000 shares[9] Operating Costs and Expenses - Operating costs decreased by 25.56% year-on-year to 24,243,493.82 RMB, in line with the decline in operating revenue[14] - Management expenses increased to ¥16,410,000.72 from ¥13,192,160.23, reflecting a rise of approximately 24.5% year-over-year[33] - Sales expenses rose to ¥2,477,813.40 from ¥2,231,095.57, an increase of about 11.1% year-over-year[33] - Financial expenses increased by 272.02% to -2,661,765.69 RMB, attributed to increased bank deposits and corresponding interest income[14] Inventory and Accounts Receivable - Inventory increased by 27.93% from the beginning of the year, reaching 22,265,322.16 RMB, primarily due to unconfirmed settlement amounts from clients[12] - Accounts receivable increased to ¥131,529,772.76, up 9.5% from ¥119,687,079.70 at the beginning of the year[23] Research and Development - Research and development expenses increased by 57.26% to 12,642,658.07 RMB, reflecting the company's commitment to meet high-frequency development demands[12] - The company has significantly increased its investment in research and development, with cash outflow for fixed assets and R&D equipment rising by 829.61%[18] Government Subsidies - The company received government subsidies of CNY 270,833.34 related to normal business operations[7] Future Plans - The company plans to terminate certain fundraising investment projects and redirect funds to the "Integrated Media Operation Platform Project"[20] Impairment Loss - The company reported a significant asset impairment loss of ¥631,589.11 compared to ¥2,124,481.49 in the previous period[33]