毅昌科技(002420) - 2017 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was -¥129,957,099.89, a decrease of 556.53% year-on-year[8] - Operating revenue for the period was ¥1,061,884,688.48, down 33.41% compared to the same period last year[8] - Basic earnings per share were -¥0.3241, reflecting a decrease of 556.48% compared to the same period last year[8] - The weighted average return on equity was -8.66%, down from -10.46% in the previous year[8] - The company expects a net loss for the year 2017, with an estimated net profit ranging from -200 million to -150 million yuan[18] - The net profit attributable to shareholders decreased by 288.96% compared to the same period last year, mainly due to changes in total profit and income tax expenses[15] - The total profit decreased by 300.74% compared to the same period last year, due to changes in operating profit and non-operating income and expenses[15] - The net profit for the current period is a loss of approximately $48.47 million, compared to a loss of $5.38 million in the previous period, indicating a significant increase in losses[38] - The total comprehensive income for the current period is a loss of approximately $185.82 million, compared to a loss of $48.45 million in the previous period[42] - The total comprehensive income for the period was -83,808,831.22 CNY, compared to -47,554,805.30 CNY in the previous period, indicating a decline in overall financial performance[45] Cash Flow - The net cash flow from operating activities was ¥49,204,330.46, a decline of 70.57% year-on-year[8] - Cash inflow from operating activities totaled 4,260,838,528.58 CNY, down from 4,651,643,206.48 CNY in the previous period, showing a decline of approximately 8.4%[47] - The net cash flow from operating activities was -174,700,972.68 CNY, a significant decrease from 343,742,025.90 CNY in the previous period, reflecting operational challenges[47] - The net cash flow from financing activities was 224,406,248.87 CNY, a turnaround from -206,835,802.74 CNY in the previous period, indicating improved financing conditions[48] Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,387,708,138.44, an increase of 5.75% compared to the end of the previous year[8] - The total liabilities increased to CNY 2,028,453,486.61 from CNY 1,892,967,001.66, marking an increase of 7.2%[31] - Cash and cash equivalents decreased to CNY 214,171,427.48 from CNY 244,176,049.15, a decline of 12.3%[29] - Inventory increased by 47.59% compared to the beginning of the year, primarily due to increased purchases[15] - Other receivables increased by 225.40% compared to the beginning of the year, mainly due to an increase in paid deposits[15] - The company reported an asset impairment loss of CNY 106,039,180.22, compared to a gain of CNY 10,632,821.21 in the previous year[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 24,905[11] - The largest shareholder, Gaojin Technology Industry Group Co., Ltd., held 25.98% of the shares, totaling 104,198,900 shares[11] - The company reported no significant changes in shareholder agreements or repurchase transactions during the reporting period[12] Operating Costs and Expenses - The total operating costs amounted to CNY 1,232,994,834.19, down from CNY 1,570,377,486.21, reflecting a reduction of 21.5%[33] - The company's total operating costs for the current period are approximately $3.97 billion, an increase of 2.8% from $3.89 billion in the previous period[40] - The company paid 3,836,362,043.84 CNY for goods and services, which is an increase from 3,712,172,014.08 CNY in the previous period, indicating rising operational costs[47] Investment and Impairment - The company reported an investment loss of approximately $7.68 million for the current period, slightly higher than the loss of $7.20 million in the previous period[43] - The company reported a 277.37% increase in asset impairment losses compared to the same period last year, mainly due to increased provisions for inventory and bad debts[15] - The company's asset impairment losses for the current period are approximately $32.91 million, compared to $26.78 million in the previous period, indicating increased financial strain[43] Future Outlook - The company has indicated a focus on improving operational efficiency and exploring new market opportunities to mitigate losses in future periods[42]