ST路通(300555) - 2017 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2017 was ¥74,481,066.55, a decrease of 4.40% compared to ¥77,907,786.67 in the same period last year[8] - Net profit attributable to shareholders was ¥8,628,179.68, down 20.56% from ¥10,861,460.15 year-on-year[8] - Net profit excluding non-recurring gains and losses was ¥7,149,469.43, a decline of 32.74% compared to ¥10,628,918.01 in the previous year[8] - The total profit for the period was 10.04 million yuan, down 23.00% year-on-year[25] - The net profit attributable to the parent company was 8.63 million yuan, a decrease of 20.56% compared to the previous year[25] - The company's operating revenue for Q1 2017 was CNY 74,136,451.15, a decrease from CNY 77,616,348.73 in the previous period[57] - The net profit for Q1 2017 was CNY 8,528,326.95, down from CNY 10,727,467.34 in the same period last year, representing a decline of approximately 20.3%[55] - The total profit for Q1 2017 was CNY 10,037,143.15, a decrease of approximately 22.9% from CNY 13,035,381.82 in the previous year[54] Cash Flow and Liquidity - The net cash flow from operating activities was -¥39,423,130.08, worsening by 33.71% from -¥29,484,234.41 in the same period last year[8] - Cash and cash equivalents decreased by 62.23% to 38.60 million yuan due to lower cash recovery and significant operational payments[21] - The company reported a net cash flow from investing activities of -4,609,775.82 CNY, compared to -13,552,182.45 CNY in the previous period, showing an improvement of about 66%[66] - The ending balance of cash and cash equivalents was 35,648,959.01 CNY, compared to 28,042,053.74 CNY in the previous period, indicating an increase of approximately 27%[67] - The company’s cash and cash equivalents decreased by 56,465,571.10 CNY during the quarter, compared to a decrease of 22,816,249.64 CNY in the previous period, indicating a worsening cash position[66] Assets and Liabilities - Total assets at the end of the reporting period were ¥750,917,585.14, a decrease of 5.66% from ¥795,961,296.46 at the end of the previous year[8] - Total liabilities at the end of Q1 2017 were CNY 143,333,930.19, a decrease from CNY 194,030,155.28 at the beginning of the period[51] - Total equity at the end of Q1 2017 was CNY 609,727,587.53, compared to CNY 600,950,623.08 at the beginning of the period[51] - The accounts receivable increased to CNY 343,910,456.50 from CNY 325,283,683.78, indicating a growth of approximately 5%[45] Operational Highlights - The company successfully entered tenders for provincial network companies in multiple regions, indicating a stable increase in orders[25] - The smart integration terminal business won bids for DVB+OTT products in Shanxi and Zhejiang provinces[25] - The company has entered the substantial promotion phase for its smart community application solutions, gaining wide customer recognition[25] - Significant contracts signed during the reporting period include a framework contract with Chongqing Broadcasting Network for ONUs and PON boards, valued at an unspecified amount[28] Research and Development - The company is actively investing in R&D for smart community and integrated terminal products, leading to an increase in R&D expenses[27] - Ongoing R&D projects include the development of FTTH terminal devices and integrated Wi-Fi modules, with several projects in the market launch and trial production stages[28] - The company is focusing on smart integration terminals and smart community services as strategic business areas, increasing R&D investment during the reporting period[29] - A new patent for a field optical network platform was granted, indicating ongoing innovation efforts[30] Market and Strategy - The company plans to enhance profitability by maintaining a "market share first" sales strategy and increasing investment in market expansion and R&D[26] - The company emphasizes that the first quarter's revenue may not be indicative of the full year's performance due to seasonal fluctuations in the broadcasting industry[27] - The company is focusing on improving product design and cost reduction through competitive procurement and product upgrades[26] Financial Ratios and Metrics - The comprehensive gross margin for Q1 2017 was 26.40%, down 9.03 percentage points from the previous year[13] - The weighted average return on net assets was 1.43%, down from 4.01% in the same period last year[8] - The overall gross margin declined by 9.03 percentage points, with gross profit decreasing by 7.94 million yuan compared to the previous year[26] - Basic and diluted earnings per share for Q1 2017 were both CNY 0.11, down from CNY 0.18 in the same period last year[59]