中科创达(300496) - 2017 Q2 - 季度财报

Financial Performance - Total revenue for the reporting period was ¥467,697,249.37, an increase of 35.25% compared to ¥345,802,949.85 in the same period last year[25]. - Net profit attributable to shareholders decreased by 21.42% to ¥57,803,777.10 from ¥73,556,738.20 year-on-year[25]. - Net profit after deducting non-recurring gains and losses fell by 33.68% to ¥38,840,424.51 from ¥58,561,411.09 in the previous year[25]. - Net cash flow from operating activities decreased by 19.41% to ¥38,243,632.76 compared to ¥47,453,595.49 in the same period last year[25]. - Total assets increased by 36.44% to ¥2,601,260,703.48 from ¥1,906,496,377.57 at the end of the previous year[25]. - Net assets attributable to shareholders rose by 11.58% to ¥1,150,187,970.86 from ¥1,102,961,949.61 at the end of the previous year[25]. - The company reported a basic and diluted earnings per share of ¥0.1434, down 22.19% from ¥0.1843 in the same period last year[25]. - The weighted average return on equity decreased to 5.15% from 7.31% year-on-year, a decline of 2.16%[25]. Research and Development - The company's R&D expenses for the past three years were CNY 79.18 million, CNY 115.77 million, and CNY 146.66 million, accounting for 17.51%, 18.81%, and 17.30% of revenue respectively[6]. - The company plans to strengthen its R&D processes and has already secured some customer orders to mitigate the risk of R&D investment not yielding expected results[6]. - The company is focused on developing software and technology services for IoT smart terminals, including smartphones and smart hardware[32]. - The company’s research and development investment continues to increase, impacting short-term profitability but aimed at long-term growth[40]. - Research and development expenses increased to CNY 69.89 million, accounting for 14.94% of total revenue, up from 17.3% in the previous year[51]. Customer and Market Dynamics - Revenue from the top five customers accounted for 8.87%, 7.60%, 7.59%, 6.90%, and 6.70% of total revenue, indicating a high customer concentration risk[9]. - The company is actively expanding its market presence and customer base to reduce reliance on a few major clients[9]. - The company has established specialized market teams to enhance communication with clients and better understand their needs[8]. - The company is focusing on emerging strategic businesses such as smart vehicle systems and smart hardware, which are critical for its transformation[7]. - The company is focusing on emerging markets such as smart cockpit, drones, VR, and robotics, which have started to contribute to revenue growth[40]. Acquisitions and Goodwill - The company reported goodwill of CNY 307.08 million, which accounted for 11.81% of total assets at the end of the reporting period[12]. - The company’s goodwill increased by 277.29 million yuan, a growth of 931.02%, due to the acquisition of Rightware OY[42]. - The company completed the acquisition of Finnish company Rightware, contributing CNY 27.85 million to the consolidated revenue during the reporting period[47]. - The company has integrated new technologies through acquisitions, enhancing its competitive edge in the smart cockpit solutions market[36]. - The company is enhancing its acquisition team and conducting thorough due diligence to improve the success rate of cross-border acquisitions[12]. Financial Position and Assets - Cash and cash equivalents at the end of the reporting period were 1,158,128,852.78, making up 44.52% of total assets, a decrease of 14.58% from the previous year[57]. - Accounts receivable increased to 359,864,035.71, representing 13.83% of total assets, a decrease of 3.75% in proportion[57]. - Inventory rose to 29,897,257.40, accounting for 1.15% of total assets, reflecting growth in the smart hardware business[57]. - Long-term equity investments increased to 171,674,781.86, now 6.60% of total assets, due to investments in joint ventures[58]. - The company’s total assets reached CNY 2,601,260,703.48, an increase from CNY 1,906,496,377.57 at the beginning of the period, representing a growth of approximately 36.5%[145]. Shareholder and Governance Commitments - The company will not distribute cash dividends or issue bonus shares during this reporting period[13]. - The company has committed to not engaging in software development and services for smartphones, tablets, and TVs, ensuring no competition with its main business[89]. - The company has established measures to ensure that any business opportunities that may lead to competition are promptly communicated to protect shareholder interests[88]. - The company emphasizes fair and transparent practices in any unavoidable related party transactions[86]. - The company has committed to not engaging in any illegal or irregular occupation of funds or assets from its subsidiaries[86]. Cash Flow and Financial Activities - The cash flow from operating activities for the current period is ¥38,243,632.76, a decrease of 19.3% from ¥47,453,595.49 in the previous period[160]. - The cash flow from investing activities shows a net outflow of ¥431,069,959.75, compared to a net outflow of ¥304,322,883.19 in the previous period[161]. - The cash flow from financing activities has a net inflow of ¥3,137,381.35, significantly lower than the net inflow of ¥214,973,130.98 in the previous period[161]. - The company reported a net cash increase of -671,340,913.03 CNY for the first half of 2017, compared to -151,184,957.42 CNY in the same period of 2016, representing a worsening of approximately 344%[164]. - The total cash and cash equivalents at the end of the period were 259,297,933.84 CNY, down from 445,006,645.91 CNY at the end of the previous year, reflecting a decrease of approximately 41.8%[164].