毅昌科技(002420) - 2015 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 952,062,106.38, representing a 6.14% increase year-on-year[6] - Net profit attributable to shareholders decreased by 65.40% to CNY 7,709,415.08 compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 92.46% to CNY 1,444,903.92[6] - Basic earnings per share decreased by 65.47% to CNY 0.0192[6] - Operating profit, total profit, net profit, and net profit attributable to shareholders increased by 101.86%, 175%, 104.85%, and 78.17% respectively compared to the same period last year, mainly due to increased sales revenue and improved gross margin[14] - The company expects net profit attributable to shareholders for 2015 to range from 35 million to 55 million yuan, representing a change of -17.78% to 29.20% compared to the previous year[19] Assets and Liabilities - Total assets increased by 11.12% to CNY 4,064,895,327.46 compared to the end of the previous year[6] - Current liabilities totaled CNY 1,979,811,299.56, an increase of 22.4% from CNY 1,617,681,189.61[27] - Total liabilities amounted to CNY 2,432,419,654.47, compared to CNY 2,034,715,602.09, representing an increase of 19.6%[27] - Long-term borrowings stood at CNY 40,000,000.00, with total non-current liabilities amounting to CNY 452,608,354.91, up from CNY 417,034,412.48[27] Cash Flow - The company reported a net cash flow from operating activities of CNY 51,048,377.33, down 43.65% year-to-date[6] - Net cash flow from operating activities decreased by 43.65% compared to the same period last year, mainly due to increased procurement payments[14] - Operating cash flow for the period was negative at -40,910,619.56 CNY, compared to a positive 32,557,543.00 CNY in the previous period, indicating a significant decline in operational performance[54] - Cash inflow from operating activities was 1,582,036,562.47 CNY, an increase from 1,328,332,676.62 CNY in the previous period, suggesting growth in sales[54] - Cash outflow from operating activities totaled 1,622,947,182.03 CNY, compared to 1,295,775,133.62 CNY in the previous period, indicating higher operational costs[54] Investments - Investment income increased by 118.02% compared to the same period last year, mainly due to recognized investment income from joint ventures[14] - The company recorded an investment income of CNY 773,905.08, a recovery from a loss of CNY 2,900,887.27 in the previous year[34] - The investment income for the quarter was CNY 1,200,025.64, a recovery from a loss of CNY 6,660,042.78 in the same period last year[46] - The company reported a total cash outflow from investment activities of 128,813,290.72 CNY, up from 109,469,579.89 CNY in the previous period, highlighting ongoing investment commitments[54] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 26,882[8] - The largest shareholder, Guangzhou Gaojin Technology Industry Group Co., Ltd., held 25.98% of the shares, amounting to 104,198,900 shares[8] - The company plans to distribute at least 10% of the distributable profits in cash annually, conditional on achieving profits[15] Operational Metrics - Cash and cash equivalents at the end of the period increased by 50.48% compared to the beginning of the year, primarily due to increased sales collections[14] - Prepayments at the end of the period increased by 187.19% compared to the beginning of the year, mainly due to increased procurement prepayments[14] - Inventory at the end of the period increased by 57.82% compared to the beginning of the year, primarily due to an increase in liquid crystal display screens[14] - Short-term borrowings at the end of the period increased by 119.23% compared to the beginning of the year, mainly due to increased bank short-term loans[14] Comprehensive Income - The company reported a total comprehensive income of CNY 8,000,374.95 for the third quarter, compared to CNY 23,339,514.16 in the prior year[35] - The total comprehensive income for the quarter was CNY 19,407,294.15, compared to CNY 9,086,931.14 in the previous year, showing a significant improvement[42]