海思科(002653) - 2016 Q1 - 季度财报

Financial Performance - Revenue for Q1 2016 was CNY 173,980,392.40, a decrease of 27.23% compared to CNY 239,098,855.66 in the same period last year[8]. - Net profit attributable to shareholders was CNY 42,059,854.59, down 57.74% from CNY 99,527,544.11 year-on-year[8]. - Basic earnings per share decreased by 55.56% to CNY 0.04 from CNY 0.09 in the same period last year[8]. - The net profit attributable to shareholders for the first half of 2016 is expected to be between 225.48 million and 246.95 million RMB, representing a growth of 5.00% to 15.00% compared to the same period in 2015[25]. - The net profit attributable to shareholders for the first half of 2015 was 214.74 million RMB[26]. - The company anticipates a year-on-year revenue growth for the first half of 2016[26]. Cash Flow and Expenses - Net cash flow from operating activities was negative CNY 64,798,660.89, a decline of 2,649.05% compared to CNY 2,542,073.15 in the previous year[8]. - Management expenses for Q1 2016 amounted to ¥72,017,250.42, an increase of 57.95% year-on-year, mainly due to increased R&D investment[18]. - Financial expenses for Q1 2016 were ¥1,949,818.24, a 20-fold increase compared to the same period last year, primarily due to increased interest expenses from higher borrowings[18]. - Cash received from investment activities in Q1 2016 was ¥100,000,000.00, a decrease of 81.48% year-on-year, mainly due to a reduction in the principal recovered from financial products[18]. - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets in Q1 2016 was ¥61,555,670.81, an increase of 32.09% year-on-year, primarily due to land payments[19]. - Cash paid for other financing activities in Q1 2016 was ¥87,755,852.19, an increase of 100% year-on-year, primarily due to stock repurchases[20]. - Operating tax and additional charges for Q1 2016 were ¥1,187,190.94, a decrease of 62.46% year-on-year, mainly due to reduced turnover tax[17]. - Sales expenses for Q1 2016 were ¥16,405,256.98, a decrease of 44.79% year-on-year, primarily due to reduced marketing activities compared to the same period last year[17]. Assets and Shareholder Information - Total assets at the end of the reporting period were CNY 2,949,551,213.62, down 8.61% from CNY 3,227,546,193.04 at the end of the previous year[8]. - The number of ordinary shareholders at the end of the reporting period was 15,778[12]. - The largest shareholder, Wang Junmin, holds 36.99% of the shares, amounting to 399,550,400 shares[12]. - Accounts receivable decreased by 81.23% to CNY 3,037,183.30 compared to the beginning of the year[16]. - Prepaid accounts increased by 42.75% to CNY 66,723,382.94, mainly due to payments made by a subsidiary[16]. - Long-term prepaid expenses increased by 89.81% to CNY 474,515.06, attributed to new data maintenance fees[16]. Liabilities and Taxation - As of March 31, 2016, employee compensation payable decreased by 67.85% to ¥9,554,712.13, primarily due to the payment of last year's year-end bonuses[17]. - Tax payable as of March 31, 2016, decreased by 110.12% to -¥2,811,946.68, mainly due to a reduction in VAT payable resulting from lower sales in March 2016 compared to December 2015[17]. - Non-current liabilities due within one year increased by 100% to ¥1,292,240.00, primarily due to the repayment of long-term loans within the year[17]. Future Expectations - The company expects to receive a significant amount of government subsidies in the second quarter of 2016[26].