*ST三盛(300282) - 2014 Q2 - 季度财报

Financial Performance - Total revenue for the first half of 2014 was CNY 105,333,087.68, representing a 130.75% increase compared to CNY 45,647,476.68 in the same period last year[18]. - Net profit attributable to ordinary shareholders was a loss of CNY 3,891,332.24, a decrease of 753.59% from a profit of CNY 595,381.27 in the previous year[18]. - Basic earnings per share were CNY -0.0542, a decline of 753.01% compared to CNY 0.0083 in the previous year[18]. - The company reported a decrease in net assets attributable to ordinary shareholders by 1.39% to CNY 278,443,092.83 from CNY 282,372,565.59 at the end of the previous year[18]. - The company reported a net loss of CNY 1,835,097.40, compared to a net profit of CNY 595,381.27 in the previous period[113]. - The company's net profit for the first half of 2014 was -4,315,580.49 CNY, compared to a net profit of 765,233.10 CNY in the same period of 2013, indicating a significant decline[116]. Cash Flow and Liquidity - The net cash flow from operating activities was a loss of CNY 3,900,537.83, improving by 80.74% from a loss of CNY 20,241,372.79 in the same period last year[18]. - The company's cash and cash equivalents decreased by 31.11% from the beginning of the year, primarily due to payments related to the software park R&D center[30]. - The cash and cash equivalents at the end of the period decreased by 38.22% year-on-year, amounting to 88,801,095.16 yuan[35]. - The cash flow from financing activities was negative, with a net cash flow of -4,418,880.00 CNY due to dividend payments[124]. - The company experienced a cash flow net decrease of -40,095,406.06 CNY during the period, compared to -39,598,080.82 CNY in the previous year[120]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 341,881,974.04, an increase of 5.84% from CNY 323,023,701.96 at the end of the previous year[18]. - The company's asset-liability ratio increased to 17.38% from 3.06% year-on-year, indicating a significant rise in leverage[36]. - Current assets total 203,025,959.95 RMB, down from 222,766,716.47 RMB at the start of the period[105]. - Non-current assets increased to 138,856,014.09 RMB from 100,256,985.49 RMB[106]. - Current liabilities rose to CNY 55,176,116.32, compared to CNY 34,287,506.17 in the previous period, reflecting a 60.9% increase[110]. Revenue and Costs - Total operating revenue for the first half of 2014 was 105.33 million CNY, a 130.75% increase compared to 45.65 million CNY in the same period of 2013[34]. - Operating costs increased by 165.32% to 75.86 million CNY in the first half of 2014, compared to 28.59 million CNY in the same period of 2013[34]. - The company reported a 1488.24% increase in income tax expenses, amounting to 1.83 million CNY in the first half of 2014[34]. - Cash received from sales of goods and services increased by 104.71% year-on-year, mainly due to higher sales of WIN8 products and infrared large screens[35]. Investments and Acquisitions - The company has acquired Shenzhen Wangxin Precision, holding 92% of its shares, to enhance its product line and respond better to customer needs in the mobile smart terminal component sector[46]. - The company has achieved sales revenue of CNY 35.03 million and a profit of CNY 4.19 million from the acquired Guangzhou Huaxin company during the reporting period[50]. - The company plans to invest the remaining 1,911.68 million CNY of excess funds into the infrared touch screen technology renovation project and the R&D center project[54]. - The company completed the acquisition of Shenzhen Wangxin Precision, with a transaction price of 984.4 million CNY for a 92% equity stake[67]. Research and Development - The company has significantly increased its development expenditures by 256.49%, primarily due to increased R&D investments and acquisitions[31]. - The company is focusing on research and development, continuously investing in new technologies to apply them to its products[50]. - Research and development expenses decreased by 12.16% year-on-year, totaling 5,404,685.13 yuan[37]. Risk Management - The company identified risks related to the Win8 project, which may not meet expectations, potentially affecting capacity release[24]. - The company is facing risks related to the integration of the acquired Shenzhen Wangxin Precision, which may affect operational efficiency due to cultural and management differences[27]. - The company is exposed to technological competition risks as new technologies emerge in the medium-sized touch screen industry, necessitating further technological breakthroughs[26]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[6]. - The major shareholders have committed to avoiding any form of competition with the company and its subsidiaries[82]. - The company has ensured that no related parties are engaged in any business that competes with the company or its subsidiaries[82]. - The company has made commitments regarding the management of shares held by major shareholders, ensuring compliance with regulations[86]. Compliance and Reporting - The financial report for the half-year period has not been audited[103]. - The company’s financial statements comply with the enterprise accounting standards, ensuring transparency and accuracy in reporting[139]. - The company has not reported any significant changes in project feasibility during the reporting period[56].