万隆光电(300710) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was ¥88,803,133.62, a decrease of 28.10% year-on-year[7]. - Net profit attributable to shareholders was -¥3,362,000.07, a decline of 121.36% compared to the same period last year[7]. - Basic earnings per share were -¥0.05, down 115.91% year-on-year[7]. - Total operating revenue decreased to ¥88,803,133.62 from ¥123,508,157.80, representing a decline of approximately 28.1% year-over-year[31]. - Total comprehensive income for the period was -¥3,362,000.07, down from ¥15,743,049.44, showing a drastic reduction in overall financial performance[33]. - Operating profit fell to -¥5,008,000.63 from ¥16,485,708.40, reflecting a substantial decrease in profitability[32]. - The company expects a significant decline in net profit for 2018 compared to the previous year, primarily due to reduced sales orders and increased raw material costs[20]. Cash Flow - Cash flow from operating activities was -¥41,050,188.12, a decrease of 406.31% compared to the same period last year[7]. - The net cash flow from operating activities was -41,050,188.12 CNY, a decrease from -8,107,730.41 CNY in the previous quarter[38]. - Total cash inflow from investing activities was 4,693,020.16 CNY, compared to 12,200.00 CNY in the previous quarter[38]. - The net cash flow from investing activities was -30,071,271.04 CNY, worsening from -3,284,588.08 CNY in the previous quarter[38]. - Cash inflow from financing activities was 33,000,000.00 CNY, down from 35,500,000.00 CNY in the previous quarter[39]. - The net cash flow from financing activities was 10,659,801.37 CNY, improving from -12,353,939.82 CNY in the previous quarter[39]. - The total cash outflow from operating activities was 312,728,981.07 CNY, slightly down from 321,577,365.17 CNY in the previous quarter[38]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥667,150,253.18, an increase of 1.41% compared to the end of the previous year[7]. - The company’s net assets attributable to shareholders decreased slightly by 0.03% to ¥575,874,209.14[7]. - The company's total liabilities increased to RMB 91.28 million from RMB 81.83 million, marking an increase of about 11.8%[29]. - Total assets impairment losses increased to ¥6,765,821.22 from ¥5,236,834.22, reflecting a rise in asset write-downs[35]. Investments and Acquisitions - The company plans to acquire 60% of Zhejiang Xinwang Zhuoxin Technology Co., Ltd. for a total cash consideration of RMB 118.8 million[16]. - Investment income for the period was ¥4,693,020.16, indicating a positive contribution to overall earnings despite the net loss[35]. Expenses - Research and development expenses increased to ¥3,990,904.45 from ¥2,650,550.62, marking a rise of approximately 50.4% year-over-year[31]. - The company experienced a 54.35% decrease in prepaid expenses, totaling ¥1,830,727.83, due to reduced advance payments to suppliers[15]. Other Financial Metrics - Cash flow from operating activities decreased to ¥248,769,653.02 from ¥295,017,076.48, a decline of about 15.6% year-over-year[37]. - The company distributed cash dividends of RMB 2.00 per 10 shares, totaling RMB 13.72 million, based on a total share capital of 68,614,000 shares[19]. - The company's gross profit margin is under pressure due to increased competition and lower market prices for products[20]. - The company reported no overdue commitments from major stakeholders during the reporting period[18]. - The company has no violations regarding external guarantees during the reporting period[21]. Cash and Equivalents - As of September 30, 2018, the company's cash and cash equivalents decreased to RMB 25.46 million from RMB 85.92 million at the beginning of the period, representing a decline of approximately 70.4%[27]. - The ending cash and cash equivalents balance was 25,456,019.45 CNY, significantly lower than 5,701,776.72 CNY in the previous quarter[39]. - The company received tax refunds of 9,909,545.94 CNY, compared to 12,254,633.02 CNY in the previous quarter[38]. - The company paid 32,785,954.80 CNY to employees, an increase from 31,700,000.51 CNY in the previous quarter[38]. Audit Status - The report for the third quarter was not audited[40].