HJKJ(SZ:000818)2016-04-22 16:00Financial Performance - Revenue for the first quarter was CNY 518,908,185.89, a decrease of 15.50% compared to CNY 614,119,159.31 in the same period last year[6]. - Net profit attributable to shareholders was CNY 9,196,257.88, down 51.51% from CNY 18,965,913.96 year-on-year[6]. - Net profit excluding non-recurring gains and losses was CNY 5,191,181.67, a decline of 77.04% compared to CNY 22,612,536.23 in the previous year[6]. - Operating cash flow was negative at CNY -60,391,664.73, a significant decrease of 366.02% from CNY 22,701,816.93 in the same quarter last year[6]. - Total assets at the end of the reporting period were CNY 2,545,410,590.07, a decrease of 1.20% from CNY 2,576,339,686.17 at the end of the previous year[6]. - The weighted average return on equity was 0.44%, down from 0.95% in the same period last year[6]. - Cash and cash equivalents decreased by CNY 45.63 million due to lower revenue compared to the previous year[14]. - Accounts receivable increased by CNY 13.04 million due to installment payment terms in some contracts[14]. - Inventory increased by CNY 48.88 million, primarily due to an increase in finished goods at the end of the reporting period[14]. - Operating profit decreased by CNY 21.26 million, attributed to a larger decline in sales prices compared to raw material price reductions[15]. Restructuring Plans - The company is planning a major asset restructuring involving the acquisition of 100% equity in three companies: Changsha Shaoguang Semiconductor Co., Ltd., Weike Electronic Module (Shenzhen) Co., Ltd., and Chengdu Innovation Microwave Electronics Co., Ltd., all primarily engaged in integrated circuit-related businesses[16]. - The stock has been suspended since February 5, 2016, due to the significant matters related to the transfer of shares by the controlling shareholder, Liaoning Fangda Group Industrial Co., Ltd.[16]. - As of April 18, 2016, the board of directors has decided to continue the restructuring process and apply for an extension of the stock suspension, which may last up to six months from the initial suspension date[17]. - The company is actively communicating and negotiating with relevant parties regarding the specific plans for the restructuring project[17]. - The independent financial advisor for the restructuring is Dongxing Securities Co., Ltd.[16]. - The company has committed to ensuring the authenticity, accuracy, and completeness of the information disclosed during the restructuring process to avoid abnormal fluctuations in stock prices[16]. - The company will fulfill its information disclosure obligations in a timely manner based on the progress of the restructuring[17]. - The stock remains suspended as of the report date, with no specific timeline for resumption provided[17]. - The restructuring involves multiple counterparties, including Shanghai Dianbo Investment Consulting Co., Ltd., and individuals Liu Guoqing and Zhou Kaibin[16]. - The company is undertaking due diligence and other preparatory work for the restructuring[17]. - The company has committed to not engaging in any illegal occupation of funds or assets, ensuring the protection of minority shareholders' rights[20]. Compliance and Investments - There are no significant changes expected in the cumulative net profit from the beginning of the year to the next reporting period[21]. - The company has not engaged in any securities investments during the reporting period[22]. - There were no derivative investments made by the company in the reporting period[22]. - The company did not conduct any research, communication, or interview activities during the reporting period[23]. - There were no violations regarding external guarantees during the reporting period[24]. - The company reported no non-operating occupation of funds by controlling shareholders or their affiliates during the reporting period[25].