NSU(SZ:002089)2016-04-28 16:00Financial Performance - The company's revenue for Q1 2016 was ¥347,079,311.42, representing a 43.92% increase compared to ¥241,162,711.55 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥11,349,588.57, a decrease of 127.20% from a profit of ¥41,725,273.95 in the previous year[8] - The net cash flow from operating activities was a negative ¥239,023,006.08, down 255.20% from ¥154,005,701.29 in the same period last year[8] - Operating revenue for Q1 2016 was 34,707.93 million yuan, up 43.92% from 24,116.27 million yuan in Q1 2015[18] - Total profit for Q1 2016 was -174.54 million yuan, down 104.46% from 3,911.92 million yuan in Q1 2015[19] - The net profit attributable to shareholders for the first half of 2016 is expected to range from 17.1 million to 59.8 million CNY, representing a decrease of 30% to 80% compared to 85.5 million CNY in the same period of 2015[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,472,209,445.81, an 8.36% decrease from ¥4,879,992,579.87 at the end of the previous year[8] - The company's net assets attributable to shareholders were ¥1,875,230,749.89, a slight decrease of 0.60% from ¥1,886,580,338.46 at the end of the previous year[8] - Cash and cash equivalents decreased by 28,485.62 million yuan, a decline of 46.30%, primarily due to significant payments for maturing notes payable during the period[16] - Accounts receivable increased by 1,021.56 million yuan, a growth of 101.96%, mainly because customers opted for note settlements[16] - Prepayments decreased by 34,183.31 million yuan, a reduction of 31.48%, as some contracts for dedicated network communication products were completed[16] - Inventory increased by 17,810.31 million yuan, a rise of 61.65%, driven by an increase in sales orders and corresponding revenue growth[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 44,590[11] - The largest shareholder, Zhang Yibin, holds 18.05% of the shares, amounting to 124,068,053 shares, with 93,051,037 shares pledged[11] Stock Ownership Plans - The first phase of the employee stock ownership plan involved the purchase of 20,500,094 shares, representing 3.5791% of the total share capital, with a total transaction amount of 285,810,361.04 yuan[25] - The company has completed the first phase of its employee stock ownership plan, which was initiated on January 17, 2015[27] - The second phase of the employee stock ownership plan has been terminated as of March 17, 2016[27] Regulatory and Compliance - The company terminated its non-public stock issuance plan on March 16, 2016, after prior approvals and submissions to regulatory authorities[24] - There are no violations regarding external guarantees during the reporting period[32] - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[33] - The company has not conducted any research, communication, or interview activities during the reporting period[34] - The company is committed to not using its position to provide funds directly or indirectly to controlling shareholders or other related parties[30] - The company has made commitments to avoid competition with its main business activities[30] Future Outlook - The significant decline in operating income is attributed to a substantial decrease in fiscal subsidy income from the subsidiary Suzhou Xinnajing Optoelectronics Co., Ltd., leading to a sharp drop in non-operating income[31] - The company anticipates a positive net profit for the first half of 2016, which does not involve a turnaround from losses[31] - The weighted average return on equity was -0.60%, down 2.94% from 2.34% in the previous year[8] - The basic earnings per share were -¥0.0165, a decrease of 127.14% from ¥0.0608 in the previous year[8]