中光学(002189) - 2016 Q3 - 季度财报

Important Notice This section emphasizes the legal responsibility of the company's board of directors, supervisory board, and senior management for the truthfulness, accuracy, and completeness of the quarterly report, and declares the financial statements are true, accurate, and complete - The company's board of directors, supervisory board, and directors, supervisors, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, ensuring no false statements, misleading representations, or major omissions, and assume individual and joint legal responsibility[4] - Company head Li Zhichao, chief accountant Zhang Zimin, and head of accounting department Yang Xiaoke declare: the financial statements in this quarterly report are true, accurate, and complete[5] Key Financial Data and Shareholder Changes This section details the company's key accounting data and financial indicators at the end of the reporting period, along with the total number of shareholders and the top ten shareholders' holdings, providing crucial information on the company's financial status and equity structure Key Accounting Data and Financial Indicators During the reporting period, the company's total assets and net assets both saw slight increases, operating revenue decreased slightly year-on-year, but net profit attributable to shareholders increased, while net cash flow from operating activities decreased Main Financial Indicators | Indicator | End of Reporting Period (RMB) | End of Prior Year (RMB) | Change from Prior Year-End | Current Reporting Period (RMB) | Change from Prior Year Same Period | Year-to-Date (RMB) | YTD Change from Prior Year Same Period | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Total Assets | 872,263,609.10 | 850,913,437.24 | 2.51% | -- | -- | -- | -- | | Net Assets attributable to shareholders | 532,966,656.11 | 522,997,107.41 | 1.91% | -- | -- | -- | -- | | Operating Revenue | -- | -- | -- | 214,737,039.99 | -1.88% | 613,184,490.90 | -0.51% | | Net Profit attributable to shareholders | -- | -- | -- | 8,250,277.24 | 14.37% | 13,555,868.70 | 8.29% | | Net Profit attributable to shareholders (excluding non-recurring items) | -- | -- | -- | 8,129,237.24 | 13.28% | 12,304,328.70 | -1.22% | | Net Cash Flow from Operating Activities | -- | -- | -- | -- | -- | 40,943,741.14 | -6.90% | | Basic EPS (RMB/share) | -- | -- | -- | 0.04 | 0.00% | 0.07 | 16.67% | | Diluted EPS (RMB/share) | -- | -- | -- | 0.04 | 0.00% | 0.07 | 16.67% | | Weighted Average ROE | -- | -- | -- | 1.56% | 0.16% | 2.56% | 0.13% | Year-to-Date Non-recurring Gains and Losses | Item | Year-to-Date Amount (RMB) | Notes | | :--- | :--- | :--- | | Government grants included in current profit/loss | 1,472,400.00 | Excluding government grants closely related to business, enjoyed at fixed or quantitative standards | | Less: Income tax impact | 220,860.00 | | | Total | 1,251,540.00 | -- | Total Number of Shareholders and Top Ten Shareholders' Holdings at the End of the Reporting Period As of the end of the reporting period, the company had 40,715 common shareholders, with China South Industries Group Corporation, the controlling shareholder, holding 38.99% and forming a concerted action with other related parties 1. Number of Common Shareholders and Preferred Shareholders with Restored Voting Rights and Top 10 Shareholders' Holdings At the end of the reporting period, the total number of common shareholders was 40,715, with China South Industries Group Corporation as the largest shareholder, holding 77,690,015 shares, accounting for 38.99%, and state-owned corporate shareholders dominating and having related party relationships among the top ten - The total number of common shareholders at the end of the reporting period was 40,715[11] Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Holding Percentage | Number of Shares Held (shares) | Number of Restricted Shares Held (shares) | Share Status | Quantity (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | China South Industries Group Corporation | State-owned legal person | 38.99% | 77,690,015 | -- | -- | -- | | Southern Industrial Asset Management Co., Ltd. | State-owned legal person | 3.44% | 6,844,351 | -- | -- | -- | | Central Huijin Asset Management Co., Ltd. | State-owned legal person | 2.74% | 5,457,900 | -- | -- | -- | | Shimizu (Hong Kong) Co., Ltd. | Overseas legal person | 2.19% | 4,365,700 | -- | -- | -- | | Nanyang Jinkun Optoelectronic Instrument Co., Ltd. | Domestic non-state-owned legal person | 1.89% | 3,760,848 | -- | -- | -- | | Changjiang Securities Asset Management - ICBC - Changjiang Securities Kunlun No. 8 Collective Asset Management Plan | Other | 0.40% | 800,000 | -- | -- | -- | | Xiao Lianfeng | Domestic natural person | 0.36% | 714,525 | 535,894 | -- | -- | | Jing Xiaojiang | Domestic natural person | 0.23% | 458,800 | -- | -- | -- | | Mao Lili | Domestic natural person | 0.20% | 401,000 | -- | -- | -- | | Weng Renyuan | Domestic natural person | 0.19% | 376,401 | -- | -- | -- | - Founding shareholders China South Industries Group Corporation and Southern Industrial Asset Management Co., Ltd. have an associated relationship and are concerted parties; Xiao Lianfeng is one of the shareholders of Shimizu (Hong Kong) Co., Ltd., and they have an associated relationship[12] 2. Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Holdings The company had no preferred shareholders during the reporting period - The company had no preferred shareholders during the reporting period[13] Important Matters This section elaborates on the reasons for changes in key financial statement items and indicators, discloses the fulfillment of shareholder commitments, provides a forecast for 2016 operating performance, and describes investor relations activities I. Changes and Reasons for Key Financial Statement Items and Indicators During the Reporting Period During the reporting period, several items in the company's balance sheet, income statement, and cash flow statement experienced significant changes, primarily due to increased prepayments for equipment, decreased petty cash, increased government grants, reduced exchange gains, and increased fixed asset investments - Asset and Liability Statement Item Changes and Reasons: - Prepayments at period-end increased by 34.24 million RMB compared to the beginning of the year, mainly due to increased prepayments for equipment during the reporting period[15] - Other receivables at period-end decreased by 0.47 million RMB compared to the beginning of the year, mainly due to decreased petty cash during the reporting period[15] - Other current assets at period-end increased by 6.21 million RMB compared to the beginning of the year, mainly due to increased VAT input tax credits during the reporting period[15] - Construction in progress at period-end increased by 8.10 million RMB compared to the beginning of the year, mainly due to increased investment in ongoing projects during the reporting period[15] - Other non-current assets at period-end decreased by 22.79 million RMB (100% decrease) compared to the beginning of the year, mainly due to a decrease in prepayments for fixed assets over one year in the current period[15] - Other payables at period-end increased by 2.51 million RMB (30.49% increase) compared to the beginning of the year, mainly due to increased accrued expenses during the reporting period[15] - Income Statement Item Changes and Reasons: - Financial expenses increased by 2.10 million RMB year-on-year, mainly due to decreased exchange gains during the reporting period[17] - Asset impairment losses decreased by 0.58 million RMB (60.37% decrease) year-on-year, mainly due to a year-on-year decrease in asset impairment provisions during the reporting period[17] - Non-operating income increased by 1.38 million RMB year-on-year, mainly due to increased government grants received during the reporting period[17] - Non-operating expenses decreased by 17,218.10 RMB (100% decrease) year-on-year, mainly due to the disposal of some fixed assets in the prior period[17] - Income tax expenses decreased by 0.47 million RMB, mainly due to decreased income tax provisions[17] - Minority interest loss was 1.94 million RMB, mainly due to subsidiary losses during the reporting period[17] - Cash Flow Statement Item Changes and Reasons: - Net cash flow from investing activities decreased by 17.89 million RMB year-on-year, mainly due to increased cash payments for fixed asset investments in the current period[17][16] - Cash received from absorbing investments in financing activities decreased by 50.00 million RMB year-on-year, mainly due to receiving investment from a subsidiary in the prior period[17][16] - Other cash received related to financing activities decreased by 0.26 million RMB year-on-year, mainly due to interest income from raised funds in the prior period[17][16] - Other cash paid related to financing activities increased by 1.29 million RMB year-on-year, mainly due to increased payments for finance leases during the reporting period[17][16] - Impact of exchange rate changes on cash decreased by 2.83 million RMB year-on-year, mainly due to decreased foreign currency exchange gains in the current period[17][16] II. Progress, Impact, and Solutions for Important Matters The company had no important matters requiring disclosure during the reporting period - The company had no analysis or explanation of the progress, impact, and solutions for important matters during the reporting period[17] III. Commitments Fulfilled and Unfulfilled by the Company, Shareholders, Actual Controllers, Acquirers, Directors, Supervisors, Senior Management, or Other Related Parties During and as of the End of the Reporting Period China South Industries Group Corporation, its related parties, and Shimizu (Hong Kong) Co., Ltd. strictly fulfilled their commitments to avoid horizontal competition, while China South Industries Group Corporation's commitment regarding future asset injection is still ongoing Commitment Matters and Fulfillment Status | Commitment Reason | Promisor | Commitment Type | Commitment Content | Commitment Date | Commitment Period | Fulfillment Status | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Share Reform Commitment | -- | -- | -- | -- | -- | -- | | Commitments in Acquisition Report or Equity Change Report | -- | -- | -- | -- | -- | -- | | Commitments Made During Asset Restructuring | -- | -- | -- | -- | -- | -- | | Commitments to Avoid Horizontal Competition and Other Commitments | China South Industries Group Corporation, Southern Industrial Asset Management Co., Ltd. | Commitment to avoid horizontal competition | Not to engage in businesses that constitute substantial competition with the company, not to use shareholding relationships to harm the company's interests, and to compensate for losses caused by breach of commitment | January 15, 2007 | Long-term effective | Strictly fulfilled | | Commitments Made During Initial Public Offering or Refinancing | China South Industries Group Corporation | Asset injection commitment | If the optical engine projects of Nanyang Southern Intelligent Optoelectronics Co., Ltd. and Henan Southern Brilliant Image Technology Co., Ltd. mature, the equity (or related assets) will be injected into Lida Optoelectronics through appropriate means at an opportune time | -- | -- | Ongoing | | Commitment to Avoid Horizontal Competition | Shimizu (Hong Kong) Co., Ltd. | Commitment to avoid horizontal competition | Not to engage in businesses that constitute horizontal competition with Lida Optoelectronics Co., Ltd. within the People's Republic of China; if the commitment is violated, relevant proceeds shall belong to the company, and losses shall be compensated | December 29, 2006 | Long-term effective | Strictly fulfilled | | Equity Incentive Commitment | -- | -- | -- | -- | -- | -- | | Other Commitments Made to Small and Medium Shareholders | -- | -- | -- | -- | -- | -- | | Commitment fulfilled on time | Yes | -- | -- | -- | -- | -- | IV. Forecast of 2016 Annual Operating Performance The company forecasts a positive net profit attributable to shareholders for 2016, with a change range of -11.31% to 20.37%, resulting in a net profit between 14 million and 19 million RMB, primarily due to market expansion, quality improvement, and cost reduction efforts, expecting stable performance year-on-year 2016 Annual Operating Performance Forecast | Indicator | Range/Amount (RMB) | | :--- | :--- | | 2016 Net Profit attributable to shareholders change range | -11.31% to 20.37% | | 2016 Net Profit attributable to shareholders range | 14,000,000 to 19,000,000 | | 2015 Net Profit attributable to shareholders | 15,784,600 | - Explanation for performance change: Facing a slowing macroeconomic growth and increased industry competition, the company actively expanded markets externally and implemented quality improvement and cost reduction initiatives internally, maintaining stable production and operations, with operating performance expected to remain largely unchanged year-on-year[20] V. Financial Assets Measured at Fair Value The company had no financial assets measured at fair value during the reporting period - The company had no financial assets measured at fair value during the reporting period[21] VI. Irregular External Guarantees The company had no irregular external guarantees during the reporting period - The company had no irregular external guarantees during the reporting period[21] VII. Non-Operating Funds Occupied by Controlling Shareholders and Their Related Parties from the Listed Company The company had no non-operating funds occupied by controlling shareholders or their related parties during the reporting period - The company had no non-operating funds occupied by controlling shareholders or their related parties from the listed company during the reporting period[22] VIII. Registration Form for Investor Relations Activities During the Reporting Period During the reporting period, the company primarily engaged with individual investors via telephone, addressing inquiries about the semi-annual high dividend plan and operating performance Registration Form for Investor Relations Activities | Reception Date | Reception Method | Type of Recipient | Summary of Research/Inquiry | | :--- | :--- | :--- | :--- | | July 21, 2016 | Telephone Communication | Individual | Inquired whether the company would launch a semi-annual high dividend plan; replied to refer to company announcements | | August 30, 2016 | Telephone Communication | Individual | Inquired about the company's semi-annual operating performance; replied according to the semi-annual report announcement |