华力创通(300045) - 2014 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2014 was ¥71,205,807.29, an increase of 5.85% compared to ¥67,270,162.47 in the same period last year[9] - Net profit attributable to ordinary shareholders was -¥1,667,978.98, a decrease of 120.92% from ¥7,973,282.68 in the previous year[9] - Basic earnings per share were -¥0.01, down 133.33% from ¥0.03 in the previous year[9] - The net loss for Q1 2014 was CNY 3,600,024.32, compared to a net profit of CNY 3,643,788.06 in Q1 2013[49] - The gross profit margin for Q1 2014 was approximately -9.3%, compared to a positive margin in the previous year[48] Cash Flow - The net cash flow from operating activities was -¥26,853,785.92, slightly worsening by 1.87% compared to -¥26,362,091.00 in the same period last year[9] - Operating cash inflow for the current period was CNY 72,900,706.78, an increase of 24.1% from CNY 58,721,268.14 in the previous period[55] - Cash outflow from operating activities totaled CNY 99,754,492.70, up from CNY 85,083,359.14, resulting in a net cash flow from operating activities of CNY -26,853,785.92[55] - The net increase in cash and cash equivalents was CNY -47,360,709.03, compared to CNY -36,055,334.46 in the previous period[56] - The ending balance of cash and cash equivalents was CNY 164,536,607.37, down from CNY 262,085,689.15 in the previous period[56] Assets and Liabilities - Total assets at the end of the reporting period were ¥910,501,972.91, a slight increase of 0.35% from ¥907,321,577.48 at the end of the previous year[9] - The company's total liabilities rose from RMB 119.53 million to RMB 127.14 million, indicating an increase of approximately 6.4%[42] - The company's non-current assets totaled RMB 357.43 million, slightly down from RMB 357.60 million at the beginning of the period[41] - Accounts receivable increased from RMB 181.69 million to RMB 200.24 million, reflecting a growth of about 10.2%[40] Investments and Future Plans - The company plans to maintain high R&D investment, focusing on satellite navigation and communication technologies, despite the risks associated with high R&D costs[12] - The company plans to focus on the rapid development of the Beidou market and expand into the civil market, particularly in the transportation sector[22] - The company aims to strengthen cost control and budget management to ensure the effective execution of its annual operating plan[22] - The company executed a contract worth 182 million yuan with Guangdong Haobangshou Electronic Technology Co., Ltd. for the purchase of vehicle-mounted Beidou/GPS multimedia intelligent modules[23] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,862, with the top three shareholders holding a combined 52.6% of the shares[14] - The company reported a cash dividend distribution plan for the fiscal year 2013, proposing a cash dividend of RMB 0.1 per 10 shares, totaling RMB 2.68 million, subject to shareholder approval[36] - The company maintains a cash dividend policy that stipulates at least 10% of distributable profits must be distributed in cash annually, with a cumulative distribution of at least 30% over any three consecutive years[33] Government Subsidies - The company reported government subsidies of ¥900,000, net of tax effects, totaling ¥765,000 recognized in the current period[10] - The net profit attributable to the listed company was -1.668 million yuan, a decrease of 120.92% compared to the same period last year, primarily due to a significant reduction in government subsidy income[21]