深科技(000021) - 2016 Q3 - 季度财报

Financial Performance - Total assets decreased by 27.85% to ¥10,344,654,680.62 compared to the end of the previous year[9] - Net profit attributable to shareholders increased by 4900.91% to ¥85,996,450.12 for the current period[9] - Operating revenue decreased by 7.78% to ¥3,701,770,852.32 compared to the same period last year[9] - Basic earnings per share rose by 4766.67% to ¥0.0584[9] - The net cash flow from operating activities decreased by 583.57% to ¥56,673,397.43 year-to-date[9] - The weighted average return on equity increased to 1.61% for the current period[9] - The company reported non-recurring gains and losses totaling ¥190,328,400.49 for the year-to-date[11] Shareholder Information - The total number of shareholders at the end of the reporting period was 118,448[13] - The largest shareholder, Great Wall Technology Co., Ltd., holds 44.51% of the shares[13] - The company did not engage in any repurchase transactions during the reporting period[15] Cash and Financial Assets - Cash and cash equivalents decreased by 60.97% compared to the end of the previous year, primarily due to repayments of letters of credit[18] - Derivative financial assets increased by 61.63% compared to the end of the previous year, mainly due to the increase in the fair value of financial derivatives[18] - Prepayments increased by 160.82% compared to the end of the previous year, primarily due to an increase in customer advance payments[18] - Financial expenses decreased by 57.26% compared to the previous year, mainly due to the repayment of discounted letters of credit[18] - The company’s investment income increased by 17.07 million RMB compared to the previous year, primarily due to increased investment returns from joint ventures[18] - The company’s tax expenses increased by 86.74% compared to the previous year, mainly due to an increase in taxable income[18] Credit Lines and Loans - The company obtained a comprehensive credit line of RMB 300 million from CITIC Bank Suzhou Branch on January 18, 2016, with a term of 1 year[25] - On April 21, 2016, the company secured a comprehensive credit line of USD 90 million from Ping An Bank Shenzhen Branch, valid until April 20, 2018[25] - The company obtained a comprehensive credit line of RMB 200 million from Huaxia Bank Suzhou Branch on September 1, 2016, with a term of 1 year[26] - The company received a total of RMB 1.80 billion in comprehensive credit lines from various banks in 2016[25] - The company has a loan balance of RMB 575 million with China Electronics Finance, with interest payments totaling RMB 11,697,524.05[29] Investments and Acquisitions - The company completed the acquisition of 100% equity of BridgeLux for $113 million, enhancing its LED strategic layout[22] - The company plans to establish Chengdu Changcheng Development Technology Co., Ltd. with a registered capital of 10 million RMB to strengthen its power metering business[22] - The company increased its investment in the subsidiary, developing a total cash injection of 450 million RMB into the subsidiary for further growth in the LED industry[23] - The company won contracts worth 33.02 million euros (approximately 258 million RMB) in the public tender for single-phase smart meters from the Italian National Electricity Company[24] - The initial investment in Dongfang Securities was 85.05 million RMB, with a current holding of 1,300,000 shares, representing 0.21% of the company[36] - The company’s total investment in securities amounts to 214.42 million RMB, with a reported loss of 82.43 million RMB during the reporting period[36] Corporate Governance and Compliance - The company has committed to minimizing and standardizing related party transactions with China Electronics[32] - The company has undertaken to avoid engaging in competitive activities with its subsidiaries in the future[32] - The company has committed to not engaging in any business that competes with its main operations, ensuring no direct or indirect competition with Shenzhen Technology[33] - The company will minimize related party transactions with Shenzhen Technology and ensure compliance with legal procedures for any unavoidable transactions[33] - The company has committed to ensuring that its actual controller will not occupy the funds of the listed company[33] - The company has not reported any significant changes in its financial commitments or obligations during the reporting period[34] - The company will continue to prioritize fair and reasonable practices in all transactions to protect the interests of its shareholders[33] Subsidiaries and New Establishments - The company established a new subsidiary, Chengdu Great Wall Development Technology Co., Ltd., with a 70% ownership, which was registered on April 20, 2016, and included in the consolidated financial statements[41] - The net asset of Chengdu Great Wall Development Technology Co., Ltd. at year-end was CNY 8,745.65 million, with a net loss of CNY 784.35 million for the current year[42] Derivative Investments - The company engaged in derivative investments, with a total initial investment amount of CNY 162,869.94 million, and a report period investment amount of CNY 564,137.29 million[39] - The fair value change of forward foreign exchange settlement and sales increased by CNY 227.84 million during the reporting period, while the interest rate swap decreased by CNY 13.96 million[39] - The company reported a net investment amount at the end of the period of CNY 277,341.88 million, representing 51.65% of the total net assets[39] - The company has established strict internal evaluations and monitoring mechanisms for its foreign exchange trading business, ensuring compliance with legal regulations[39] - The company’s derivative investment operations are primarily aimed at hedging against exchange rate fluctuations, ensuring stable returns[39] Risk Management - The company received a risk assessment report from Lixin Accounting Firm, indicating no significant deficiencies in the risk control system of China Electronics Finance as of September 30, 2016[29] - There were no violations regarding external guarantees during the reporting period[44] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[45] Investor Relations - The company conducted multiple investor relations activities, including site visits by institutions throughout June to August 2016[43]