盈方微(000670) - 2018 Q3 - 季度财报

Section 1 Important Notice Important Notice The company's management guarantees the truthfulness, accuracy, and completeness of this quarterly report - The Board of Directors, Supervisory Committee, and senior management guarantee the quarterly report is true, accurate, and complete, without any false records, misleading statements, or material omissions, and assume joint and several liability[4] - All directors attended the board meeting to review this quarterly report[5] - The company's responsible person Fang Xusheng, chief accountant Zhang Xuefang, and head of the accounting department Zhang Xuefang declare that the financial statements in the quarterly report are true, accurate, and complete[5] Section 2 Company Profile Key Accounting Data and Financial Indicators The company's assets, revenue, and net profit declined significantly in Q3 2018, with cash flow turning negative Key Accounting Data and Financial Indicators for Q3 2018 | Indicator | End of Reporting Period (RMB) | End of Previous Year (RMB) | Change (%) | Current Reporting Period (RMB) | YoY Change (%) | YTD (RMB) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Total Assets | 403,758,533.01 | 455,326,605.87 | -11.33% | - | - | - | - | | Net Assets Attributable to Shareholders | 318,715,053.86 | 371,649,436.79 | -14.24% | - | - | - | - | | Operating Revenue | - | - | - | 28,092,654.15 | -35.18% | 103,408,913.98 | -48.61% | | Net Profit Attributable to Shareholders | - | - | - | -10,987,623.91 | 56.06% | -57,529,357.12 | -186.73% | | Net Profit after Non-recurring Items | - | - | - | -11,635,580.24 | 54.91% | -58,681,844.72 | -143.41% | | Net Cash Flow from Operating Activities | - | - | - | -- | -- | -12,769,720.27 | -190.73% | | Basic EPS (RMB/Share) | - | - | - | -0.0135 | 55.88% | -0.0704 | -186.18% | | Diluted EPS (RMB/Share) | - | - | - | -0.0135 | 55.88% | -0.0704 | -186.18% | | Weighted Average ROE | - | - | - | -3.41% | 0.19% | -16.67% | -13.79% | Non-recurring Profit and Loss Items and Amounts (YTD 2018) | Item | YTD Amount (RMB) | | :--- | :--- | | Gain/Loss on Disposal of Non-current Assets | -21,753.25 | | Government Grants Recognized in Current Profit or Loss | 1,121,487.00 | | Other Non-operating Income and Expenses | 80,609.80 | | Impact on Minority Interests (After Tax) | 27,855.95 | | Total | 1,152,487.60 | Shareholder Structure at the End of the Reporting Period The controlling shareholder's entire stake is frozen, with a majority pledged, posing a risk of change in control - The total number of common shareholders at the end of the reporting period was 96,722[11] Top 10 Shareholders at the End of the Reporting Period | Shareholder Name | Shareholder Type | Shareholding Ratio (%) | Number of Shares Held | Number of Restricted Shares | Pledged or Frozen Status | Quantity (Shares) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Shanghai Yingfang Microelectronics Technology Co, Ltd | Domestic Non-SOE | 12.91% | 105,432,976 | 105,432,976 | Pledged | 105,182,576 | | | | | | | Frozen | 105,432,976 | | Orient Securities Company Limited | SOE | 8.45% | 69,000,000 | 69,000,000 | - | - | | Shanghai Shunyuan Enterprise Investment Development Co, Ltd | Domestic Non-SOE | 4.99% | 40,777,984 | 3,115,248 | - | - | | Huarong Securities Co, Ltd | SOE | 4.56% | 37,259,600 | 37,259,600 | - | - | | Chongqing Guotou Wealth Investment Management Co, Ltd - Liying No 1 Private Fund | Other | 2.42% | 19,773,000 | 0 | - | - | | Jingzhou Gucheng State-owned Investment Co, Ltd | SOE | 1.50% | 12,230,400 | 0 | - | - | | Zhang Yu | Domestic Individual | 1.11% | 9,080,700 | 0 | - | - | | Liu Shufang | Domestic Individual | 1.04% | 8,466,000 | 0 | - | - | | Wei Wenyan | Domestic Individual | 0.49% | 3,990,200 | 0 | - | - | | Wang Caixia | Domestic Individual | 0.37% | 3,021,231 | 0 | - | - | - The actual controller is Chen Zhicheng, via the controlling shareholder Shanghai Yingfang Microelectronics Technology Co, Ltd, whose shares are fully frozen and mostly pledged[11][12] - The company had no preferred shareholders during the reporting period[13] Section 3 Significant Events Analysis of Major Financial Data Fluctuations Numerous financial metrics deteriorated due to declining revenue, reduced R&D, and lower government subsidies Changes in Key Financial Data and Reasons | Indicator | Change (RMB 10k) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | -1,849.13 | -32.83% | Decrease in operating revenue | | Other Receivables | -206.70 | -40.73% | Refund of housing deposit and repayment of personal loans | | Other Current Assets | -667.85 | -91.01% | Received VAT refund | | Deferred Tax Assets | -1,724.27 | -36.33% | Reversal of deferred tax by a subsidiary | | Taxes Payable | -104.70 | -53.70% | Payment of individual and corporate income taxes | | Other Comprehensive Income | +459.50 | +66.40% | Impact of foreign currency translation differences | | Minority Interest | -94.87 | -58.59% | Losses incurred by a controlling subsidiary | | Operating Revenue | -9,780.77 | -48.61% | Decline in revenue from chip and service businesses | | Taxes and Surcharges | -49.30 | -86.77% | Reduced accrual of taxes and surcharges | | Selling Expenses | -281.09 | -40.70% | Reduced spending on marketing and promotion | | Administrative Expenses | -2,060.21 | -44.20% | Decrease in intermediary service fees, amortization, and personnel costs | | R&D Expenses | -1,938.42 | -51.24% | Reduction in R&D investment | | Financial Expenses | -1,145.64 | -150.43% | Increased foreign exchange gains due to currency fluctuations | | Asset Impairment Loss | -387.58 | -94.15% | Lower provision for bad debts on receivables compared to prior year | | Gain on Asset Disposal | +2.98 | +94.65% | Smaller scale of fixed asset disposals compared to prior year | | Other Income | -287.74 | -70.52% | Decrease in government subsidies compared to prior year | | Non-operating Income | -0.43 | -100% | No occurrence this period; prior period was mainly penalty income | | Non-operating Expenses | +1.42 | +217.69% | Fixed asset retirement loss this period; prior period was mainly contract penalty expenses | | Income Tax Expense | +2,017.48 | +1,689.14% | Reversal of deferred tax by a subsidiary | | Net Profit Attributable to Parent | -3,746.51 | -186.73% | Decline in revenue from chip and service businesses | | Net Cash Flow from Operating Activities | -2,684.4 | -190.73% | Decrease in cash received from sales of goods and services | | Net Cash Flow from Investing Activities | +6,745.56 | +92.93% | Reduced cash payments for fixed assets and other long-term assets | | Effect of Exchange Rate Changes on Cash | +93.11 | +61.09% | Impact of fluctuations in USD, TWD, and HKD exchange rates | Progress and Impact of Significant Events The company faces an ongoing CSRC investigation and a potential change of control due to the freezing of the controlling shareholder's shares - The company has been under investigation by the China Securities Regulatory Commission (CSRC) for alleged violations since October 14, 2016, with no conclusion reached as of the report's disclosure date[17] - The controlling shareholder, Shanghai Yingfang Microelectronics Technology Co, Ltd, holds 12.91% of the company's shares, of which 12.88% are pledged and all are under successive judicial freeze[17] - Due to a share pledge repurchase dispute with Cinda Securities, a share valuation has been completed, and a forced judicial execution could lead to a change in the company's actual control[17] Overdue Unfulfilled Commitments The company reports no overdue unfulfilled commitments from related parties during the reporting period - There were no overdue unfulfilled commitments by the company's actual controller, shareholders, related parties, or acquirers during the reporting period[20] Forecast of 2018 Annual Operating Performance No forecast for the 2018 annual operating performance was provided during the reporting period - The company did not provide a forecast or warning regarding its 2018 annual operating performance[21] Securities Investments The company held no securities investments during the reporting period - The company did not engage in securities investments during the reporting period[21] Entrusted Wealth Management The company had no entrusted wealth management activities during the reporting period - The company did not have any entrusted wealth management activities during the reporting period[22] Derivatives Investments The company held no derivatives investments during the reporting period - The company did not engage in derivatives investments during the reporting period[23] Investor Relations Activities No investor relations activities were conducted during the reporting period - The company did not conduct any research visits, communications, interviews, or other related activities during the reporting period[24] Irregular External Guarantees The company had no irregular external guarantees during the reporting period - There were no irregular external guarantees during the reporting period[25] Non-operational Fund Occupation by Controlling Shareholder No non-operational funds were occupied by the controlling shareholder or its related parties - There was no non-operational occupation of the company's funds by the controlling shareholder or its related parties during the reporting period[26]