香农芯创(300475) - 2017 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2017 was ¥96,349,139.63, a decrease of 9.99% compared to ¥107,037,611.16 in the same period last year[7] - Net profit attributable to shareholders was ¥12,655,884.35, down 58.58% from ¥30,555,825.94 year-on-year[7] - Net profit excluding non-recurring gains and losses was ¥10,513,044.31, a decline of 63.36% from ¥28,692,352.06 in the previous year[7] - Basic earnings per share decreased to ¥0.0633, down 58.57% from ¥0.1528 year-on-year[7] - The company's net profit attributable to shareholders for the first quarter was CNY 12.66 million, a decrease of 58.58% compared to CNY 30.56 million in the same period last year[20] - The company's operating income for the first quarter was CNY 96.35 million, down 9.99% year-on-year[22] - The company's operating revenue for Q1 2017 was CNY 95,835,138.44, a decrease from CNY 107,037,611.16 in the previous period[48] - The net profit for Q1 2017 was CNY 12,631,418.68, down from CNY 30,554,796.09 in the same period last year, representing a decline of approximately 58.7%[46] - The total profit for Q1 2017 was CNY 15,689,359.20, down from CNY 36,424,355.77 in the previous year, reflecting a decline of approximately 56.9%[46] - Operating profit for Q1 2017 was CNY 14,534,985.14, compared to CNY 33,822,658.55 in the previous year, a decrease of about 57.1%[46] Cash Flow - Operating cash flow for the period was ¥35,832,779.49, an increase of 21.37% compared to ¥29,523,226.38 in the same period last year[7] - Cash inflow from operating activities for Q1 2017 was CNY 146,224,877.30, an increase from CNY 105,416,585.98 in the previous period[52] - The net cash flow from operating activities for Q1 2017 was CNY 49,756,875.30, an increase from CNY 26,661,374.35 in the previous period[56] - Total cash inflow from operating activities was CNY 143,408,568.88, compared to CNY 102,552,852.77 in the previous period[56] - Cash outflow from operating activities totaled CNY 93,651,693.58, up from CNY 75,891,478.42 in the previous period[56] - The net cash flow from investing activities was -CNY 10,023,732.78, a significant decrease from -CNY 77,088,604.02 in the previous period[57] - Cash outflow from investing activities amounted to CNY 12,893,152.96, compared to CNY 77,088,604.02 in the previous period[57] - The net cash flow from financing activities was -CNY 42,410,166.82, compared to CNY 3,309,860.82 in the previous period[57] - Total cash inflow from financing activities was CNY 3,309,860.82, while cash outflow was CNY 42,410,166.82[57] - The ending balance of cash and cash equivalents was CNY 358,077,339.67, down from CNY 372,823,347.19 in the previous period[57] - The company reported a cash decrease of CNY 15,957,207.49 in Q1 2017, compared to a decrease of CNY 50,702,097.00 in the previous period[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,457,316,577.46, a slight increase of 0.41% from ¥1,451,374,847.68 at the end of the previous year[7] - Total liabilities decreased to CNY 299,766,690.70 from CNY 308,006,379.60[38] - Owner's equity increased to CNY 1,157,549,886.76, up from CNY 1,143,368,468.08[39] - Cash and cash equivalents rose to CNY 413,368,494.74, compared to CNY 373,635,352.22 at the start of the period[40] - Accounts receivable decreased to CNY 71,197,202.62 from CNY 98,949,471.22[40] - Inventory slightly increased to CNY 28,997,671.28 from CNY 28,616,833.88[40] - Fixed assets amounted to CNY 63,783,116.74, showing a slight increase from CNY 62,642,727.94[37] - Non-current assets totaled CNY 102,245,456.07, a decrease from CNY 103,422,741.51[37] - The company's other receivables increased by 51.98% year-on-year, reaching CNY 6.19 million, mainly due to increased petty cash and other funds at overseas offices[19] - The company's other non-current assets decreased by 36.87% year-on-year, totaling CNY 6.21 million, due to a reduction in prepaid accounts[19] Shareholder Information - The total number of common shareholders at the end of the reporting period was 10,067[12] - The company plans to distribute a cash dividend of CNY 0.97 per 10 shares, totaling CNY 19,400,000, pending shareholder approval[28] Risks and Future Outlook - The company faces risks from domestic economic slowdown and increased competition, which may lead to price and gross margin pressures[10] - The company expects a net profit attributable to shareholders for the first half of 2017 to be between CNY 20 million and CNY 30 million, representing a year-on-year decline of 40.45% to 60.30% due to rising raw material costs[30] Other Information - The company reported non-recurring gains and losses totaling ¥2,142,840.04 for the period[8] - The company achieved a production and sales volume of 897,300 units for washing machine clutches, representing a year-on-year increase of 7.82% and 8.66% respectively[22] - The company is developing a water-saving washing machine clutch, which is expected to enhance overall product performance and contribute to energy conservation[23] - The company did not conduct an audit for the Q1 2017 report[58] - There were no instances of non-compliance with external guarantees or non-operating fund occupation by major shareholders during the reporting period[31][32] - The company has not encountered any significant changes in project feasibility or major issues with the use of raised funds[26]