科新机电(300092) - 2017 Q3 - 季度财报

Financial Performance - Operating revenue decreased by 47.79% to CNY 68,032,224.90 year-on-year[7] - Net profit attributable to shareholders dropped by 96.06% to CNY 108,961.97 compared to the same period last year[7] - Net profit attributable to shareholders after deducting non-recurring gains and losses fell by 118.33% to CNY -360,821.78[7] - Basic earnings per share decreased by 95.69% to CNY 0.0005[7] - The weighted average return on net assets was 0.02%, down by 0.55% from the previous year[7] - Total operating revenue for the third quarter was CNY 68,032,224.90, a decrease of 47.8% compared to CNY 130,316,713.81 in the same period last year[39] - Total operating costs amounted to CNY 68,299,605.21, down from CNY 127,764,256.11, reflecting a reduction of 46.5% year-over-year[39] - Net profit for the quarter was CNY 108,961.97, a significant decline of 96.1% from CNY 2,768,395.42 in the previous year[40] - Earnings per share (EPS) decreased to CNY 0.0005 from CNY 0.0116, indicating a drop of 95.7%[41] - Total profit for the current period is CNY 4,293,975.41, down from CNY 13,646,348.22 in the previous period[48] - Net profit for the current period is CNY 5,065,075.69, down from CNY 13,074,166.12 in the previous period, representing a decline of approximately 61.2%[49] Assets and Liabilities - Total assets increased by 6.95% to CNY 748,030,278.17 compared to the end of the previous year[7] - The company's total liabilities increased significantly, with short-term borrowings rising to CNY 5,000,000.00, indicating a need for liquidity[19] - The total liabilities amounted to CNY 221,236,320.18, compared to CNY 184,212,937.97 at the beginning of the period, reflecting an increase of about 20.1%[33] - Total assets increased to CNY 742,493,028.69 from CNY 704,670,670.99, representing a growth of 5.4%[37] - Total liabilities rose to CNY 217,034,929.17, up from CNY 189,004,601.62, marking a 14.8% increase[37] - Owner's equity totaled CNY 525,458,099.52, an increase from CNY 515,666,069.37, reflecting a growth of 1.5%[37] Cash Flow - Cash flow from operating activities decreased by 39.71% to CNY -67,313,405.57 year-to-date[7] - The net cash flow from operating activities was negative at CNY -67,313,405.57, worsening by 39.71% compared to CNY -48,181,893.35 in the previous year[20] - Cash flow from operating activities for the current period is CNY 131,727,804.13, compared to CNY 96,164,922.92 in the previous period[53] - Total cash inflow from operating activities was 134,909,493.69 CNY, while cash outflow was 202,222,899.26 CNY, resulting in a net cash flow deficit[54] - The company received 5,000,000.00 CNY from borrowings during the financing activities, while total cash inflow from financing activities was 8,683,499.49 CNY[57] - The net cash flow from financing activities was 8,671,416.16 CNY, a decrease from 44,294,822.34 CNY in the previous period[57] Shareholder Information - The company reported a total of 18,918 common shareholders at the end of the reporting period[11] - The top three shareholders, Lin Zhenhua, Lin Zhenrong, and Lin Zhenfu, collectively hold 47.29% of the shares[11] Other Financial Metrics - Non-recurring gains and losses totaled CNY 3,876,704.79 year-to-date[8] - The company's investment income decreased by 62.33%, from CNY 2,204,567.48 to CNY 830,421.80, due to the transfer of equity stakes in subsidiaries[21] - The company's other income was reported at CNY 3,112,166.96, reflecting a reclassification of government subsidies in accordance with new accounting standards[21] - The company incurred asset impairment losses of CNY 4,517,185.90 in the current period, compared to CNY 3,420,506.47 in the previous period[47] - The company reported an investment income of CNY 830,421.80 for the current period, down from CNY 2,204,567.48 in the previous period[47] Operational Changes - The company plans to acquire Guangzhou Xinbang Intelligent Equipment Co., Ltd. through a major asset restructuring, which has led to a suspension of its stock since April 14, 2017[22] - The company terminated the major asset restructuring plan due to a lack of consensus on core terms among parties involved, with the decision made on October 9, 2017[23] - The company plans to seek new application areas and external growth opportunities while focusing on internal development to enhance its competitive capabilities[23] Inventory and Receivables - The company's accounts receivable decreased by 80.86%, from CNY 48,400,482.80 to CNY 9,264,201.20, primarily due to a reduction in received notes[19] - Prepayments increased by 216.68%, from CNY 16,899,369.96 to CNY 53,516,808.97, mainly due to an increase in advance payments for materials[19] - Inventory rose by 121.77%, from CNY 71,524,968.25 to CNY 158,622,742.00, attributed to an increase in completed but unsettled assets from construction contracts[19] - Accounts receivable increased to CNY 254,254,491.86 from CNY 220,633,324.72, representing a rise of about 15.2%[31] - Inventory levels surged to CNY 158,622,742.00 from CNY 71,524,968.25, marking an increase of approximately 121.5%[31]