科大国创(300520) - 2017 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥100,800,517.58, reflecting a growth of 5.01% year-on-year[9] - Net profit attributable to shareholders was a loss of ¥13,803,192.34, a decline of 249.73% compared to the same period last year[9] - Basic earnings per share were reported at ¥-0.07, down 240.00% from the previous year[9] - The weighted average return on net assets was -2.70%, a decrease of 4.62% compared to the same period last year[9] - Total operating revenue for Q3 2017 was CNY 100,800,517.58, an increase of 5.8% compared to CNY 95,993,316.01 in the same period last year[40] - The net profit attributable to the parent company for Q3 2017 was a loss of CNY 13,803,192.34, compared to a profit of CNY 9,218,982.23 in Q3 2016[42] - The company recorded an operating loss of CNY -16,989,363.72 in Q3 2017, compared to an operating profit of CNY 5,197,813.43 in the same period last year[41] - Net profit for the period was a loss of CNY 8,510,867.98, compared to a profit of CNY 16,967,126.90 in the previous year[48] - The company reported a total comprehensive income of -CNY 8,326,033.18, compared to CNY 17,463,514.52 in the previous year[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,244,686,926.49, an increase of 20.39% compared to the previous year[9] - Total liabilities rose to RMB 706.96 million, up from RMB 507.02 million, indicating an increase of about 39.4%[34] - The company's total assets increased to CNY 1,146,976,131.07 in Q3 2017, up from CNY 918,432,551.42 in the previous year[38] - Total liabilities rose to CNY 719,961,494.28 in Q3 2017, compared to CNY 479,055,237.82 in Q3 2016, indicating increased financial obligations[38] - The company's equity attributable to shareholders increased slightly to RMB 536.07 million from RMB 527.40 million, a growth of approximately 1.3%[35] Cash Flow - The net cash flow from operating activities was negative at ¥-190,067,308.38, representing a decrease of 231.65% year-on-year[9] - Cash and cash equivalents decreased by 47.43% compared to the beginning of the period, mainly due to payments for employee restricted stock repurchase and ongoing investment projects[21] - Cash flow from operating activities was CNY 301,227,060.93, compared to CNY 284,445,859.94 in the previous year[55] - The net cash flow from operating activities was -190,067,308.38 CNY, compared to -57,310,250.58 CNY in the previous year, indicating a significant decline[56] - Total cash inflow from operating activities was 371,176,245.05 CNY, up from 346,339,395.89 CNY year-over-year[56] - Cash outflow from operating activities totaled 561,243,553.43 CNY, compared to 403,649,646.47 CNY in the same period last year[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,218[13] - The largest shareholder, Hefei Guochuang Intelligent Technology Co., Ltd., held 32.56% of the shares, totaling 68,829,768 shares[13] - The company distributed a cash dividend of RMB 1.2 per 10 shares to shareholders, totaling a payout based on a total share capital of 96.075 million shares as of December 31, 2016[26] - The cash dividend policy remained unchanged during the reporting period, ensuring clarity and adherence to the company's profit distribution policy[26] Operational Changes - The company approved a resolution to absorb and merge its wholly-owned subsidiary, which will lead to the consolidation of business resources and the legal cancellation of the subsidiary[23] - The company plans to terminate the 2016 restricted stock incentive plan, which will result in a total of CNY 31.16 million in share-based payment expenses for 2017[22] Current Assets - Accounts receivable increased by 39.43% compared to the beginning of the period, attributed to revenue growth and some receivables not yet due for payment[21] - Prepayments surged by 359.80% compared to the beginning of the period, primarily due to increased advance payments to suppliers[21] - Inventory rose by 207.01% compared to the beginning of the period, mainly due to costs incurred from unfinished system integration projects[21] - Other current assets increased by 628.42% compared to the beginning of the period, resulting from the ongoing stock cancellation process related to employee restricted stock repurchase[21] Expenses - Total operating costs for Q3 2017 were CNY 118,668,437.68, up from CNY 90,795,502.58 in Q3 2016, reflecting a significant increase in expenses[40] - The company reported a significant increase in sales expenses, which reached CNY 15,047,137.58 in Q3 2017, compared to CNY 6,291,070.17 in the previous year[41] - The management expenses surged to CNY 57,754,745.88 in Q3 2017, up from CNY 30,146,068.83 in Q3 2016, indicating higher operational costs[41] - Sales expenses increased to CNY 42,418,222.83, up 81.5% from CNY 23,395,584.98 year-over-year[48] - Management expenses rose significantly to CNY 141,552,265.26, compared to CNY 81,515,940.81 in the same period last year[48]