盈方微(000670) - 2016 Q1 - 季度财报(更新)

Important Notice The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of this quarterly report - Company management guarantees the report content is true, accurate, and complete, with no false records, misleading statements, or major omissions[4] - The company's responsible person, head of accounting, and head of the accounting department jointly declare the financial statements in the quarterly report are true, accurate, and complete[5] Key Financial Data and Shareholder Changes The company achieved significant growth in operating revenue and net profit, with increased total assets and a notable number of common shareholders, including pledged shares by major holders Key Accounting Data and Financial Indicators In Q1 2016, operating revenue grew by 147.84% to 170 million Yuan, net profit increased by 305.68% to 17.33 million Yuan, and total assets rose by 11.67% 2016 Q1 Key Financial Indicators | Indicator | Current Reporting Period (Yuan) | Prior Year Period (Yuan) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 169,800,874.91 | 68,512,169.75 | 147.84% | | Net Profit Attributable to Shareholders | 17,330,745.22 | 4,272,015.00 | 305.68% | | Net Cash Flow from Operating Activities | -21,307,988.00 | -82,023,638.86 | -74.02% | | Basic EPS (Yuan/share) | 0.0212 | 0.0052 | 307.69% | | Total Assets | 796,891,262.95 | 713,588,681.38 | 11.67% (vs. end of prior year) | - During the reporting period, the company's total non-recurring gains and losses amounted to 1.354 million Yuan, primarily from government grants[9] Shareholder Information At the end of the reporting period, the company had 61,167 common shareholders, with the top two shareholders having significant portions of their holdings pledged - At the end of the reporting period, the company had a total of 61,167 common shareholders[11] Top Three Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage | Shares Held | | :--- | :--- | :--- | :--- | | Shanghai Ingenic Microelectronics Technology Co., Ltd. | Domestic Non-State-Owned Legal Person | 25.92% | 211,692,576 | | Shanghai Shun Yuan Enterprise Investment Development Co., Ltd. | Domestic Non-State-Owned Legal Person | 5.73% | 46,777,984 | | Chongqing Guotou Wealth Investment Management Co., Ltd. - Liying No. 1 Private Fund | Other | 4.95% | 40,419,901 | - The largest shareholder, Shanghai Ingenic Microelectronics Technology Co., Ltd., pledged 211,442,576 shares, accounting for 99.88% of its total holdings[11] Significant Events Business expansion drove significant financial changes, the company withdrew its A-share offering application, a performance compensation balance remains, and a return to profitability is projected for H1 2016 Analysis of Changes in Key Financial Items Operating revenue and costs surged due to business expansion, while accounts receivable and payable increased from credit transactions, and financial expenses rose due to exchange losses Changes in Key Financial Items | Item | Change Rate | Reason for Change | | :--- | :--- | :--- | | Operating Revenue | 147.84% | Overall operating revenue increase due to business type and channel expansion | | Operating Cost | 193.65% | Overall operating cost increase due to business type and channel expansion | | Accounts Receivable | 108.41% | Increase in credit sales during the current period | | Accounts Payable | 128.60% | Increase in credit purchases during the current period | | Financial Expenses | -899.23% | Exchange losses due to currency fluctuations | | Asset Impairment Loss | 444.64% | Increase in provision for bad debts on accounts receivable | Progress of Significant Events The company's 2015 non-public A-share offering, intended to raise up to 500 million Yuan for R&D, was voluntarily withdrawn and terminated by the CSRC in May 2016 - The company originally planned a non-public offering of A-shares to raise no more than 500 million Yuan for multiple processor R&D projects and working capital replenishment[16] - The company submitted application materials to the CSRC in March 2016, but applied for withdrawal on May 4, 2016, and received a termination of review notice on May 12[16] Fulfillment of Commitments Most commitments are being fulfilled, but a 2015 performance commitment shortfall of 9.65 million Yuan remains outstanding, which the company is actively pursuing - Ingenic Microelectronics and actual controller Mr. Chen Zhicheng failed to meet the company's 2015 performance commitment, with a compensation amount of 112.29 million Yuan due according to the audit report[18] - The committing parties have already paid 102.64 million Yuan in performance compensation, with a remaining balance of 9.65 million Yuan unpaid, which the company will urge them to correct and supplement[18] - Other commitments regarding share reduction, restricted shares, and avoidance of horizontal competition are all within their validity period, are being fulfilled, and no violations have been found[19][20] 2016 Half-Year Performance Forecast The company forecasts a return to profitability for H1 2016 with an estimated net profit of 23 million Yuan, driven by strong chip, complete machine, and new data center leasing businesses 2016 January-June Performance Forecast | Indicator | Year-to-Next Reporting Period End (Million Yuan) | Prior Year Period (Million Yuan) | | :--- | :--- | :--- | | Estimated Cumulative Net Profit | approx. 23 | -28.82 | | Basic EPS (Yuan/share) | approx. 0.0282 | -0.0353 | - The main reasons for the forecast turnaround to profit are the good development of chip and complete machine businesses, along with new revenue from data center leasing[22] Other Significant Events The company had no securities or derivative investments, no research activities, no illegal external guarantees, and no non-operating fund occupation by controlling shareholders - The company had no securities investments, derivative investments, illegal external guarantees, or occupation of company funds by controlling shareholders during the reporting period[23][24][26][27] Financial Statements This section presents the company's unaudited consolidated and parent company financial statements for Q1 2016, comprising the balance sheet, income statement, and cash flow statement Financial Statements This section presents the company's Q1 2016 consolidated and parent company balance sheets, income statements, and cash flow statements, detailing financial position, operating results, and cash flows Consolidated Balance Sheet As of March 31, 2016, total assets reached 797 million Yuan (up 11.67%), total liabilities were 219 million Yuan, and equity attributable to parent company owners was 579 million Yuan Key Items of Consolidated Balance Sheet | Item | Period-End Balance (Yuan) | Period-Beginning Balance (Yuan) | | :--- | :--- | :--- | | Total Assets | 796,891,262.95 | 713,588,681.38 | | Total Liabilities | 219,126,781.93 | 152,639,642.51 | | Total Equity Attributable to Parent Company Owners | 579,352,993.52 | 562,475,681.11 | Consolidated Income Statement In Q1 2016, total operating revenue reached 170 million Yuan (up 147.84%), and net profit attributable to parent company owners surged by 305.68% to 17.33 million Yuan Key Items of Consolidated Income Statement | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 169,800,874.91 | 68,512,169.75 | | Operating Profit | 15,922,566.13 | 2,447,652.39 | | Net Profit Attributable to Parent Company Owners | 17,330,745.22 | 4,272,015.00 | Consolidated Cash Flow Statement Q1 2016 operating cash flow improved to -21.31 million Yuan, while investing and financing activities showed net outflows, resulting in a 47.04 million Yuan decrease in cash and cash equivalents to 48.67 million Yuan Key Items of Consolidated Cash Flow Statement | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -21,307,988.00 | -82,023,638.86 | | Net Cash Flow from Investing Activities | -18,983,398.91 | -44,748,846.02 | | Net Cash Flow from Financing Activities | -6,526,729.52 | 10,278,477.58 | | Net Increase in Cash and Cash Equivalents | -47,037,666.42 | -116,048,307.78 | Audit Opinion The company's first quarter 2016 report is unaudited - The company's first quarter report is unaudited[58]