横河精密(300539) - 2017 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period reached CNY 140,640,657.76, a year-on-year increase of 34.57%[8] - Net profit attributable to shareholders was CNY 10,850,959.63, reflecting a growth of 22.91% year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 10,611,972.30, up 25.72% from the same period last year[8] - Total operating revenue for the third quarter reached CNY 101,176,541.34, an increase from CNY 77,440,287.86 in the previous period[55] - Net profit for the quarter was CNY 10,483,365.55, up from CNY 7,160,157.09 in the previous year[56] - Total comprehensive income for the quarter was CNY 11,276,973.66, compared to CNY 8,943,184.56 last year[53] - Operating revenue for the third quarter reached ¥248,918,496.86, an increase of 19.2% compared to ¥208,914,400.37 in the same period last year[62] - Net profit for the third quarter was ¥26,808,339.15, up 14.3% from ¥23,389,508.77 in the previous year[59] Assets and Liabilities - Total assets increased by 44.12% to CNY 749,363,956.69 compared to the end of the previous year[8] - Total liabilities rose to CNY 374,929,154.74 from CNY 167,045,576.76, an increase of about 124.0%[44] - Total equity increased to CNY 374,434,801.95 from CNY 352,919,481.46, reflecting a growth of approximately 6.1%[46] - Non-current assets totaled CNY 303,598,013.78, up from CNY 270,925,370.98, which is an increase of about 12.0%[46] - Total current liabilities increased to CNY 373,158,688.07 from CNY 165,062,365.09, reflecting a growth of approximately 126.3%[44] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 12,715,501.58, down 40.12% year-on-year[8] - The net cash flow from operating activities for the third quarter was ¥12,715,501.58, a decrease of 40.3% compared to ¥21,233,278.81 in the previous period[67] - The net cash flow from investing activities for the same period decreased by CNY 31,269,846.46, a decrease of 214.90%, mainly due to increased investments in equipment and construction projects[24] - The net cash flow from financing activities increased by CNY 176,389,266.78, an increase of 6136.39%, primarily due to funds raised from banks for various investment projects[24] - The net cash flow from investment activities was -¥45,820,964.82, worsening from -¥14,551,118.36 in the previous period[67] - The net cash flow from financing activities was ¥179,263,747.38, a substantial increase from ¥2,874,480.60 in the previous period[68] Shareholder Information - The company reported a total of 14,109 common shareholders at the end of the reporting period[12] - Major shareholders include Hu Zhijun and Huang Xiuzhu, holding 33.97% and 33.69% of shares respectively[12] - The company’s total share capital is currently 209 million shares, with 12,161,608 shares released from lock-up on August 30, 2017[33] - The company’s major shareholders plan to reduce their holdings by up to 797,499 shares, representing 0.38% of the total share capital[34] Investments and Subsidiaries - The company plans to invest CNY 120 million to establish a wholly-owned subsidiary in Jiaxing Economic and Technological Development Zone, which was approved by the board and shareholders[25] - The company will increase its investment in its wholly-owned subsidiary Shanghai Hengpeng Electronic Technology Co., Ltd. by CNY 40 million to expand existing production capacity[26] - The company has decided to deregister its wholly-owned subsidiary FuseWins Limited Liability Company in the U.S. due to the lack of actual business operations[27] - The company plans to deregister its wholly-owned subsidiary Hangzhou Richao Electromechanical Co., Ltd. to improve operational efficiency and reduce risks and costs[28] - The company approved an increase in the registered capital of Ningbo Haidexin Automotive Electric Co., Ltd. to CNY 80 million[29] - The company plans to issue convertible bonds to raise up to CNY 140 million for a new project aimed at producing automotive functional parts and high-end interior and exterior components[30] - The company received acceptance from the China Securities Regulatory Commission for its application to issue convertible bonds, indicating that the submitted materials were complete and met legal requirements[31] Expenses - Management expenses rose by 9,701,985.36 CNY, an increase of 33.05%, primarily due to higher R&D investments and increased salaries for management personnel[22] - Operating costs amounted to CNY 76,874,341.92, compared to CNY 54,979,639.54 in the same period last year, reflecting a significant rise[55] - The company recorded a tax expense of CNY 1,331,806.64 for the quarter, down from CNY 1,723,385.35 in the previous year[55] - Financial expenses for the third quarter were ¥6,013,714.06, an increase of 30% compared to ¥4,630,175.89 last year[59] Other Financial Metrics - The weighted average return on net assets decreased by 0.43% to 2.95% compared to the previous year[8] - The basic earnings per share remained stable at CNY 0.05, with a slight decrease of 7.14% year-to-date[8] - The gross profit margin improved, with operating profit at CNY 11,791,115.39, compared to CNY 8,892,660.24 previously[55] - Other income for the quarter included CNY 70,915.00, contributing positively to the overall financial performance[55] - The company reported an asset impairment loss of ¥695,779.15, a decrease from ¥821,617.98 in the previous year[59]