兆日科技(300333) - 2017 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2017 was CNY 46,662,607.98, representing a 15.41% increase compared to CNY 40,433,634.58 in the same period last year[7] - Net profit attributable to shareholders was CNY 7,901,640.71, a 2.52% increase from CNY 7,707,607.60 year-on-year[7] - Net profit excluding non-recurring items decreased by 9.97% to CNY 6,938,765.65 from CNY 7,707,394.43 in the previous year[7] - The company's net profit for the first quarter remained basically flat year-on-year due to increased operating costs and R&D expenses[20] - The company reported a total profit of CNY 15,588,676.88 for Q1 2017, compared to CNY 15,076,684.98 in the previous year, marking an increase of approximately 3.4%[50] - The net profit for Q1 2017 was CNY 11,919,712.15, slightly up from CNY 11,825,888.80 in the same period last year, representing an increase of approximately 0.8%[54] - Basic and diluted earnings per share for Q1 2017 were both CNY 0.0235, up from CNY 0.0229 in the previous period, reflecting a growth of about 2.6%[54] Cash Flow and Liquidity - Operating cash flow was negative at CNY -16,291,631.85, a decline of 34.29% compared to CNY -12,131,327.22 in the same period last year[7] - Cash and cash equivalents at the end of the reporting period amounted to CNY 390.19 million, a decrease from CNY 400.94 million at the beginning of the period[40] - The net cash flow from operating activities was -16,291,631.85 CNY, compared to -12,131,327.22 CNY in the previous period, indicating a decline in operational performance[57] - The total cash and cash equivalents at the end of the period were 390,192,169.89 CNY, a decrease from 429,815,446.25 CNY in the previous period[58] - The company experienced a net increase in cash and cash equivalents of -10,752,178.32 CNY, compared to -135,041,274.61 CNY in the previous period, indicating an improvement in cash management[58] Assets and Liabilities - Total assets at the end of the reporting period were CNY 881,855,895.46, down 1.70% from CNY 897,100,711.35 at the end of the previous year[7] - The company's accounts receivable balance at the end of the period was RMB 24.68 million, an increase of 364.39% compared to the beginning of the year, and a year-on-year increase of 67.28% from RMB 14.75 million[17] - The company's fixed assets amounted to RMB 90.88 million, an increase of 20.76% compared to the beginning of the year, while construction in progress decreased by 37.30% to RMB 24.70 million[17] - Total liabilities at the end of the period were CNY 13,809,885.87, a decrease from CNY 40,974,413.91[42] - Total equity attributable to shareholders of the parent company was CNY 858,977,534.47, compared to CNY 851,075,893.76 at the beginning of the period[43] Research and Development - The company is focusing on R&D in financial information security and payment security, with a clear strategy in financial invoice anti-counterfeiting and mobile payment communication[10] - Increased investment in R&D and marketing has led to rising operational costs, which may negatively impact performance[10] - The company launched new products such as the multifunctional password device and paper texture anti-counterfeiting equipment, contributing to revenue growth in the first quarter[20] - The company has made significant progress in the research and market promotion of financial票据 anti-counterfeiting and corporate mobile payment security, with ongoing optimization and upgrades based on customer feedback, laying the foundation for large-scale promotion[22] - The company has increased its R&D efforts in corporate mobile payment security, forming a series of products including the 银企通 system and MSTP mobile cloud communication platform, which contributed to the performance during the reporting period[23] Investment Activities - The company used RMB 70 million of raised funds to purchase a principal-protected floating income financial product from 包商银行, which has matured and generated interest income of RMB 636,000[25] - The company also invested RMB 30 million of raised funds in another principal-protected floating income financial product from 广东华兴银行, which is still active and has not yet matured[26] - The company utilized RMB 30 million of its own funds to purchase a principal-protected floating income financial product from 包商银行, which has matured and generated interest income of RMB 253,300[26] - The total amount of raised funds for the project "Electronic Payment Password System Upgrade" is CNY 75.4161 million, with a cumulative investment ratio of 80.64%[31] - The total amount of raised funds for the project "Financial Bill Anti-Cloning Product R&D and Industrialization" is CNY 40.2572 million, with a cumulative investment ratio of 80.91%[31] - The company has invested a total of CNY 115.6733 million in committed investment projects, with CNY 93.385 million utilized by the end of the reporting period[31] - The company has utilized CNY 28 million of the raised funds for supplementary working capital, with no significant discrepancies reported[31] Operational Costs - The company's operating revenue for the first quarter was RMB 46.66 million, an increase of 15.41% year-on-year, while operating costs rose by 23.91% to RMB 16.86 million[18] - Total operating costs for Q1 2017 amounted to CNY 33,076,919.15, up from CNY 26,037,627.75 in the previous period[48] - Management expenses increased to CNY 11,260,694.05 from CNY 8,243,591.64, representing an increase of approximately 36.5%[53] - Sales expenses decreased to CNY 2,572,693.18 from CNY 3,466,781.27, showing a reduction of about 25.7%[53] - The company's accounts payable increased by 71.63% to RMB 5.26 million, primarily due to increased amounts owed to suppliers[18]