深科技(000021) - 2018 Q1 - 季度财报

Financial Performance - Revenue for Q1 2018 was CNY 4,003,078,929.95, representing a 15.83% increase compared to CNY 3,455,898,732.14 in the same period last year[7] - Net profit attributable to shareholders decreased by 26.81% to CNY 85,431,303.95 from CNY 116,724,685.77 year-on-year[7] - Net profit excluding non-recurring gains and losses dropped by 84.30% to CNY 3,170,155.39 compared to CNY 20,197,670.76 in the previous year[7] - Basic and diluted earnings per share were both CNY 0.0581, a decrease of 26.73% from CNY 0.0793[7] - Operating cash flow for the period was CNY 43,924,926.66, down 26.01% from CNY 59,367,298.93 in the same quarter last year[7] Assets and Liabilities - Total assets at the end of the reporting period were CNY 15,311,406,432.24, a decrease of 7.76% from CNY 16,599,483,730.27 at the end of the previous year[7] - Net assets attributable to shareholders were CNY 5,849,952,070.22, showing a slight decrease of 0.12% from CNY 5,856,692,553.42[7] - Derivative financial assets increased by 68.80% compared to the end of the previous year, mainly due to the fair value increase of financial derivatives developed by subsidiaries in Hong Kong[15] - Other current assets decreased by 38.43% compared to the end of the previous year, primarily due to a reduction in deductible input tax[15] - Construction in progress decreased by 37.08% compared to the end of the previous year, mainly due to the completion of construction projects in Dongguan being transferred to fixed assets[15] - Derivative financial liabilities increased by 101.06% compared to the end of the previous year, mainly due to the fair value decrease of financial derivatives developed by subsidiaries in Suzhou[15] - Tax payable decreased by 32.15% compared to the end of the previous year, primarily due to a significant reduction in unpaid VAT[15] Income and Investments - Investment income increased by 19.85 million yuan compared to the same period last year, mainly from the sale of stocks in Dongfang Securities generating an investment income of 10.98 million yuan[15] - Other income for the current period amounted to 17.38 million yuan, primarily due to the adjustment of government subsidies related to daily activities from non-operating income to this category[15] - The company’s total investment in securities amounted to RMB 16.77 million, with a total book value of RMB 60.99 million[33] Financing Activities - Cash received from financing activities increased by 1.549 billion yuan compared to the same period last year, mainly due to an increase in the guarantee deposit for letters of credit[20] - The company secured a comprehensive credit facility of RMB 3 billion from Bank of China with a one-year term on January 18, 2018[27] - On March 15, 2018, the company obtained a credit facility of RMB 16 billion from Agricultural Bank of China, valid until March 13, 2019[27] - The company received a credit facility of RMB 1.7 billion from HSBC Bank (China) on January 18, 2018, with a one-year term[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 109,639[11] - The largest shareholder, China Electronics Corporation, held 44.51% of the shares, totaling 654,839,851 shares[11] Derivative Investments - The company reported a total derivative investment amount of 435,364.70 million CNY, which accounts for 74.42% of the company's net assets during the reporting period[35] - The initial investment amount for foreign exchange forward contracts was 137,361.42 million CNY, with a current investment value of 196,587.25 million CNY, reflecting a significant increase[35] - The company engaged in interest rate swaps with an initial investment of 30,791.67 million CNY, resulting in a current investment value of 238,777.45 million CNY, representing 40.82% of the company's net assets[35] - The fair value change of the foreign exchange forward contracts during the reporting period increased by 4,293.16 million CNY[35] - The company has established strict internal evaluations and regulatory mechanisms for derivative operations to mitigate risks associated with exchange rate and interest rate fluctuations[35] - The derivative investment operations are primarily aimed at locking in exchange rates and interest rates, complying with relevant laws and regulations[35] - The company reported a total of 490,824.59 million CNY in derivative investments, with a significant portion being sourced from self-owned funds[35] Corporate Governance - The company has not encountered any overdue commitments from major stakeholders during the reporting period[30] - There were no violations regarding external guarantees during the reporting period[38] - The company did not have any non-operating fund occupation by controlling shareholders or related parties during the reporting period[38] - The company conducted an on-site investigation with institutional investors on January 30, 2018, to enhance investor relations[36] Future Outlook - The company’s net profit for the period is expected to remain stable without significant fluctuations compared to the previous year[31]