共达电声(002655) - 2017 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2017 was ¥163,462,156.92, representing a 3.48% increase compared to ¥157,968,271.93 in the same period last year[8] - Net profit attributable to shareholders decreased by 18.20% to ¥1,985,336.19 from ¥2,427,130.40 year-on-year[8] - The net profit after deducting non-recurring gains and losses was -¥1,606,944.32, a decline of 203.95% compared to ¥1,545,884.53 in the previous year[8] - Operating income increased by 287.36% to ¥455.15 million mainly due to higher government subsidies received[15] - The company expects net profit attributable to shareholders for the first half of 2017 to range between ¥467.32 million and ¥700.98 million, a decrease of 10.00% to 40.00% compared to the same period in 2016[22] Cash Flow and Assets - The net cash flow from operating activities improved by 23.24%, reaching -¥14,318,051.90, compared to -¥18,652,934.70 in the same period last year[8] - Total assets at the end of the reporting period were ¥1,211,260,345.64, down 4.57% from ¥1,269,272,690.56 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 0.31% to ¥644,275,883.16 from ¥646,253,607.79 at the end of the previous year[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,692[11] - The largest shareholder, Weifang Gaoke Electronics Co., Ltd., held 15.27% of the shares, amounting to 54,980,000 shares[11] Liabilities and Receivables - Prepayments increased significantly by 481.44% to ¥1,108.52 million due to higher advance payments for materials[15] - Other receivables rose by 38.50% to ¥518.48 million primarily due to increased customs guarantee deposits[15] - Accounts payable decreased by 34.67% to ¥13,329.25 million as a result of increased payments to suppliers[15] - Deferred income decreased by 38.00% to ¥145.13 million due to the amortization of government grants related to assets[15] Tax and Expenses - Income tax expense surged by 1,529.89% to ¥33.63 million due to a decrease in deductible temporary differences[15] Operational Changes - The increase in production lines has led to higher fixed asset depreciation and labor costs, impacting gross margin negatively[22] - The company has decided to terminate a major asset restructuring due to prolonged operational timelines and changing economic conditions[17] - The company’s stock was suspended from trading on March 27, 2017, due to potential changes in control by its major shareholder[18] Non-Recurring Gains - The company reported non-recurring gains totaling ¥3,592,280.51, which included government subsidies of ¥3,711,898.25[9] Return on Assets - The weighted average return on net assets was 0.31%, a decrease of 0.07% from 0.38% in the previous year[8]