深科技(000021) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 4,346,119,773.92, representing a year-on-year increase of 22.82%[8] - Net profit attributable to shareholders was CNY 269,057,362.30, an increase of 66.53% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -577,974.74, a decrease of 100.85% year-on-year[8] - Basic earnings per share for the reporting period were CNY 0.1829, up 66.58% from the previous year[8] - The weighted average return on net assets was 4.48%, an increase of 1.67% compared to the previous year[8] Assets and Liabilities - Total assets at the end of the reporting period were CNY 14,198,194,414.77, a decrease of 14.47% compared to the end of the previous year[8] - Cash and cash equivalents decreased by 32.88% compared to the end of the previous year, mainly due to an increase in the maturity of letter of credit deposits[15] - Intangible assets increased by 150.42% compared to the end of the previous year, primarily due to the addition of land use rights by the subsidiary Chongqing Deep Technology[15] - Deferred tax assets decreased by 49.12% compared to the end of the previous year, as the fair value of financial derivatives developed by the subsidiary in Suzhou increased[15] - Other non-current assets decreased by 62.95% compared to the end of the previous year, mainly due to the transfer of prepaid land payments to intangible assets by Chongqing Deep Technology[15] - Tax payable increased by 64.67% compared to the end of the previous year, primarily due to an increase in tax provisions[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 108,466[11] - The largest shareholder, China Electronics Corporation, held 44.51% of the shares, totaling 654,839,851 shares[11] Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 629,184,062.16, an increase of 45.03% year-on-year[8] - Other income increased by 313 million yuan compared to the same period last year, mainly due to government subsidies received by Chongqing Deep Technology[16] - The company invested 500 million USD in the UG-Technion Technology Fund to enhance its competitiveness and access cutting-edge technologies[22] - The company increased its investment in Suzhou Electronics by 60 million yuan to optimize its financial structure and enhance its capital strength[24] - The company established a new company, Huizhou Deep Ge Technology Co., Ltd., with a registered capital of 10 million yuan, to integrate idle high-end touch film production equipment[25] Projects and Developments - The "Deep Technology City" project has a total investment of approximately 3.236 billion yuan, with ongoing construction and development[20] - The company has established Dongguan Peidun Technology Co., Ltd. with a registered capital of RMB 200 million to enhance its competitiveness in the semiconductor packaging and testing industry[26] - The company has also set up Guilin Deep Technology Co., Ltd. with a registered capital of RMB 200 million to engage in smart manufacturing services for communications and consumer electronics[28] Credit Facilities - The company obtained a comprehensive credit facility of RMB 16 billion from Agricultural Bank of China on March 15, 2018, valid until March 13, 2019[31] - The company’s subsidiary in Suzhou received a credit facility of RMB 4 billion from China Construction Bank on May 11, 2018, valid until May 9, 2019[32] - The company’s subsidiary in Dongguan secured a credit facility of RMB 3 billion from China Merchants Bank on August 22, 2018, valid until August 21, 2020[32] Investment Strategy - The company predicts a significant change in cumulative net profit from the beginning of the year to the next reporting period, potentially resulting in a loss compared to the same period last year[39] - The total initial investment in securities amounts to 33,790,000 CNY, with a fair value of 60,251,190 CNY at the end of the reporting period, reflecting a gain of 26,461,190 CNY[39] - The company reduced its holdings in Dongfang Securities by 3,405,500 shares during the reporting period, generating an investment income of approximately 22,028,200 CNY[41] - The company holds a 21.33% stake in Onna Technology Group after a reduction from 21.47%, with a total investment value of 41,827,350 CNY[42] - The company sold 2,400,000 shares of Jierong Technology, realizing an investment income of approximately 18,263,200 CNY during the reporting period[42] Derivative Investments - The company reported a total derivative investment amount of 518,627.94 million, with a year-end investment amount of 320,567.89 million, representing 51.21% of the company's net assets[45] - The company engaged in foreign exchange forward contracts with an initial investment of 253,134.12 million, resulting in a report period purchase amount of 271,117.60 million and a sale amount of 84,574.96 million[45] - The interest rate swap investment had a starting investment of 104,332.71 million, with a report period purchase amount of 153,880.28 million and a sale amount of 312,619.57 million[45] - The fair value change of the foreign exchange forward contracts during the report period increased by 39.90 million[45] - The company has established a strict internal evaluation and regulatory mechanism for derivative operations, ensuring compliance with legal regulations[45] Compliance and Governance - There were no violations regarding external guarantees during the report period[47] - There were no non-operating fund occupations by controlling shareholders or related parties during the report period[48] - The company conducted multiple investor relations activities, including site visits on January 30, May 18, and September 4, 2018[46] - The company aims to mitigate exchange rate and interest rate fluctuation risks through its derivative business[45] - The company’s derivative investments are primarily focused on locking in exchange rates and interest rates, which aligns with its operational strategy[45]