Rapoo(SZ:002577)2016-10-30 16:00Financial Performance - Operating revenue for the reporting period was CNY 163,071,825.46, an increase of 31.71% year-on-year[10] - Net profit attributable to shareholders was CNY 4,278,155.07, representing a significant increase of 124.49% compared to the same period last year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 3,084,402.41, up 117.37% year-on-year[10] - Basic earnings per share for the reporting period were CNY 0.0151, an increase of 124.47% compared to the same period last year[10] - The net profit for the period is ¥7,496,749.93, an increase of ¥26,284,062.59 or 139.90% year-on-year, driven by increased revenue from keyboard, mouse, and robotics businesses[20] - The company expects a net profit for 2016 between 18 million to 25 million RMB, recovering from a loss of 259.46 million RMB in 2015[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,332,582,706.31, a decrease of 20.44% compared to the previous year[10] - The cash balance at the end of the period is ¥214,596,198.61, a decrease of ¥355,666,086.82 or 62.37% compared to the beginning of the year, mainly due to the purchase of structured deposits that have not yet matured[18] - Accounts receivable increased to ¥103,871,833.73, an increase of ¥41,718,536.11 or 67.12%, primarily due to increased receivables from the robotics business[18] - The company’s cash and cash equivalents at the end of the period are ¥88,596,198.61, a decrease of ¥69,103,191.61 or 43.82% compared to the same period last year, primarily due to an increase in time deposits and financial products classified as non-cash equivalents[20] - The balance of construction in progress is ¥12,955,541.77, an increase of ¥4,262,116.94 or 49.03%, mainly due to unfinished automation projects at the end of the period[18] - The balance of other non-current assets increased to ¥9,209,902.00, an increase of ¥6,156,486.00 or 201.63%, mainly due to increased prepayments for fixed asset purchases[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 34,819[14] - The largest shareholder, Hotkey Electronics (Hong Kong) Limited, held 67.23% of the shares[14] - The company did not engage in any repurchase transactions during the reporting period[15] - The controlling shareholder has fulfilled its commitment not to reduce shareholdings within six months from January 13, 2016[23] Business Operations and Strategy - The company established a wholly-owned subsidiary, Shenzhen Rapoo Robotics Intelligent Equipment Co., Ltd., with a registered capital of ¥50 million to accelerate the expansion of its robotics business[21] - The shift in focus towards competitive gaming products has led to a turnaround in the peripheral business, contributing to profitability[24] - New drone products are set to be launched, with initial orders for the robotics business already being delivered and settled[24] - The company has conducted multiple institutional research activities throughout 2016 to discuss its development history and future strategic layout[27] Compliance and Commitments - The company has no non-operating fund occupation by controlling shareholders or related parties during the reporting period[26] - There are no violations regarding external guarantees during the reporting period[25] - The company has committed to not engaging in any competitive activities against its own business in the future[23] - The company has implemented strict execution of its commitments regarding housing fund disputes and tax obligations[22] - The company has confirmed that it does not have any competitive situations with its own subsidiaries[23] Cash Flow - The company reported a net cash flow from operating activities of CNY -32,962,364.82 for the year-to-date, a decrease of 8.62%[10] - The net cash flow from operating activities is -¥32,962,364.82, an increase of ¥3,108,694.67 or 8.62% compared to the same period last year, mainly due to reduced export tax refunds and increased VAT payments[20]