Rapoo(SZ:002577)2016-04-28 16:00Financial Performance - Revenue for the first quarter reached ¥139,725,506.54, an increase of 42.77% compared to ¥97,868,610.09 in the same period last year[9] - Net profit attributable to shareholders was ¥199,675,985.87, a significant increase of 4,296.12% from a loss of ¥4,758,583.83 in the previous year[9] - The net profit after deducting non-recurring gains and losses was ¥10,717,365.95, up 251.57% from a loss of ¥7,070,927.02[9] - Basic earnings per share rose to ¥0.7031, compared to a loss of ¥0.0168 in the same period last year, marking an increase of 4,285.12%[9] - The weighted average return on equity improved to 13.27%, up 13.61 percentage points from -0.34% in the previous year[9] - The net profit for the period was CNY 194,636,631.32, representing a 4,733.16% increase year-on-year, driven by higher keyboard-mouse business revenue and gains from the disposal of Lehui Tianxia[19] - The company expects a net profit of between RMB 210 million and RMB 220 million for the first half of 2016, a turnaround from a net loss of RMB 54.41 million in the same period last year[26] Assets and Liabilities - Total assets decreased by 6.20% to ¥1,362,691,011.86 from ¥1,452,781,696.41 at the end of the previous year[9] - Net assets attributable to shareholders increased by 21.01% to ¥1,171,082,440.40 from ¥967,723,411.49 at the end of the previous year[9] - Cash and cash equivalents at the end of the period were CNY 101,495,106.95, a decrease of 54.11% from the previous year, mainly due to an increase in structured deposits and financial products classified as non-cash equivalents[19] - The company’s other receivables increased by 1,139.19% to CNY 159,046,951.51, primarily due to uncollected dividend payments[17] - The company’s goodwill decreased by 100% to CNY 0.00, resulting from the disposal of long-term equity investments[17] Cash Flow - The company reported a net cash flow from operating activities of -¥26,483,549.84, a decline of 258.50% compared to ¥16,709,179.47 in the same period last year[9] - The company’s cash flow from operating activities was CNY -26,483,549.84, a decrease of 258.50% year-on-year, primarily due to increased tax payments, wages, and material procurement costs[19] Operating Costs and Expenses - The total operating costs for the period were CNY 101,172,947.68, an increase of 45.86% compared to the previous year, reflecting the rise in revenue[18] - The company’s management expenses rose to CNY 25,393,625.78, an increase of 43.06% year-on-year, mainly due to the consolidation of Shenzhen Zero and increased R&D expenses[18] Shareholder Information - The top shareholder, Hotkey Electronics (Hong Kong) Co., Ltd., holds 67.08% of the shares, amounting to 190,501,079 shares, with 68,000,000 shares pledged[13] - The total number of ordinary shareholders at the end of the reporting period was 24,959[13] Strategic Focus - The company has shifted its focus in the peripheral business towards competitive gaming products, with positive progress in expanding its new customer base and a noticeable growth trend in this segment[27] - The significant increase in operating income is attributed to the disposal of equity in Lehui Tianxia, which resulted in substantial non-operating income during the reporting period[27] Investment Income - The company recorded an investment income of CNY 1,049,333.75, a significant increase of 2,003.08% year-on-year, attributed to the impact of the disposal of Lehui Tianxia shares[19] - The company disposed of Lehui Tianxia shares, resulting in a one-time recognition of CNY 22,206,000 as non-operating income, which is expected to increase the net profit for 2016 by approximately CNY 19,500.41[20]