SMEI(SZ:300456)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders rose by 200.30% to CNY 3,733,618.66 for the reporting period[6]. - Total operating revenue reached CNY 79,898,810.96, marking a 233.40% increase year-on-year[6]. - Basic earnings per share increased by 181.08% to CNY 0.0208 for the reporting period[6]. - Operating profit for the same period was 17.62 million RMB, reflecting a year-on-year growth of 99.37%[18]. - Net profit for the first nine months was 18.02 million RMB, showing a year-on-year decline of 14.76%[18]. - Total operating revenue for the first nine months of 2016 reached ¥148,988,152.21, a 68.62% increase compared to ¥88,354,966.39 in the same period of 2015, primarily due to growth in existing business and the consolidation of subsidiary Silex from August 1, 2016[23]. - The net profit for the period was ¥3,705,475.82, up from ¥1,413,595.09 in the previous period, reflecting a growth of approximately 162%[62]. - The total profit for the current period was ¥22,694,044.93, slightly down from ¥23,912,102.52 in the previous period, reflecting a decrease of about 5.1%[71]. Assets and Liabilities - Total assets increased by 130.38% to CNY 1,531,567,608.33 compared to the end of the previous year[6]. - The net asset attributable to shareholders increased by 131.30% to CNY 1,335,760,433.62 compared to the end of the previous year[6]. - The company's total liabilities increased by 125.69% to ¥181,261,884.81 from ¥80,316,095.35, reflecting significant growth in financial obligations[24]. - Total assets as of September 30, 2016, amounted to approximately 1.53 billion RMB, compared to 664.81 million RMB at the beginning of the period[54]. - The total equity reached approximately 1.35 billion RMB, up from 584.49 million RMB at the beginning of the period[56]. Cash Flow - The net cash flow from operating activities was negative CNY 9,399,686.24, a decrease of 72.19% compared to the same period last year[6]. - Cash inflow from operating activities totaled ¥171,837,941.41, a 66.39% increase from ¥103,273,582.82 in the previous year, mainly due to increased sales orders and collections from the acquisition of Ruitong Xinyuan[26]. - Cash inflow from investment activities totaled ¥128,309,047.90, significantly higher than ¥350,000.00 in the prior period[79]. - The company reported a cash balance of approximately 209.60 million RMB as of September 30, 2016, down from 216.70 million RMB at the beginning of the period[53]. - The company reported a net increase in cash and cash equivalents of -¥7,098,129.83, contrasting with an increase of ¥123,802,709.26 in the prior period[79]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Beijing Ruitong Chip Source Semiconductor Technology Co., Ltd. during the reporting period[10]. - The company completed the acquisition of 100% equity in Ruitong Xinyuan, gaining control over the globally leading MEMS chip manufacturer Silex, enhancing its core technology capabilities in MEMS development and manufacturing[31]. - The company plans to acquire 41% equity in Leihang Century, which is expected to add embedded real-time information processing capabilities and contribute to performance[28]. - The company plans to acquire 41% of Beijing RayHorizon Technology Co., Ltd. for 13,120.00 million, which will make it a subsidiary[44]. Operational Challenges and Risks - The company faces risks related to accounts receivable growth due to lengthy payment processes from large clients in defense and aviation sectors[9]. - The company is expanding its business into new sectors such as industrial control, communication devices, and biomedical applications, which may intensify market competition[9]. - The company has seen a normal fluctuation in supplier and customer relationships due to strategic business needs, with no significant adverse effects anticipated on future operations[32]. Research and Development - Significant R&D projects include the development of a lightweight MEMS positioning system and a high-precision inertial navigation system, both of which are currently in progress[29]. - The company is also working on a dual-mode high-dynamic satellite navigation system compatible with Beidou/GPS, which is under development[29]. - The company is developing a high-precision measurement system for railway track geometry based on A-INS technology, which is expected to enhance its product offerings in the railway sector[30]. Shareholder Commitments and Compliance - The company has committed to not transferring newly acquired shares for 36 months from the date of listing[36]. - The cumulative net profit commitment for the years 2015, 2016, and 2017 is at least 127.98 million Swedish Krona[36]. - The company is in normal compliance with the commitments made regarding share transfers and performance guarantees[36]. - The company will initiate specific plans to stabilize stock prices within 10 trading days if conditions are met[37]. - The company reported a commitment to compensate investors for losses incurred due to false statements or omissions in the prospectus[38].