普天科技(002544) - 2018 Q3 - 季度财报

Financial Performance - Operating revenue for the current period was ¥1,097,692,810.82, representing a decrease of 9.06% year-on-year [6]. - Net profit attributable to shareholders was ¥3,319,434.95, down 83.56% from the same period last year [6]. - Basic earnings per share decreased by 83.57% to ¥0.0058 [6]. - The company reported a net profit attributable to shareholders after deducting non-recurring gains and losses of -¥2,095,065.60, a decline of 116.56% year-on-year [6]. - Operating profit decreased by 31.47% year-on-year, primarily due to a reduction in revenue and increased asset impairment losses [17]. - The company expects the net profit attributable to shareholders for 2018 to range from 100.8638 million yuan to 201.7275 million yuan, reflecting a decrease of up to 50% compared to the previous year [27]. - The decrease in revenue settlement is expected to directly lead to a reduction in profit, primarily due to the impact of U.S. technology restrictions on certain business operations [27]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥6,685,168,390.09, an increase of 5.63% compared to the previous year [5]. - As of the end of the reporting period, the company's cash and cash equivalents amounted to CNY 726.20 million, a decrease of 48.35% compared to the beginning of the period, primarily due to increased payments for public and private network projects [14]. - The company's short-term borrowings increased by 49.23% compared to the beginning of the period, primarily due to increased financing for operational turnover [16]. - The company's prepaid accounts increased by 84.14% compared to the beginning of the period, mainly due to increased advance payments for network access equipment and fixed assets [14]. - Inventory increased by CNY 414.81 million, representing a growth of 40.5%, primarily due to an increase in raw materials and unbilled engineering construction [15]. - Other current assets rose by CNY 16.62 million, a significant increase of 753.52%, mainly due to an increase in deductible VAT [15]. Cash Flow - The net cash flow from operating activities increased by 83.46% to ¥137,037,188.09 compared to the previous year [6]. - Net cash flow from operating activities decreased by 30.84% year-on-year, mainly due to increased payments for public and private network projects [19]. - Cash received from borrowings increased by 54.07% compared to the same period last year, primarily due to increased operating financing [20]. - Cash received from other financing activities increased by 7080.56%, amounting to 13.7669 million yuan, mainly due to an increase in financing lease receipts [20]. - Cash paid for debt repayment increased by 103.93% compared to the same period last year, primarily due to an increase in the repayment of due borrowings [20]. - Cash paid for dividends, profits, or interest increased by 68.93%, with an increase of 47.35 million yuan in dividend distribution compared to the same period last year [20]. - The net cash flow from financing activities was 138.8019 million yuan, a decrease of 30.79% compared to the same period last year, mainly due to increased debt repayment and dividend distribution [20]. Shareholder Information - The total number of shareholders at the end of the reporting period was 38,143 [10]. - The largest shareholder, Guangzhou Communication Research Institute, holds 31.16% of the shares [10]. Government Support and Investments - Government subsidies recognized in the current period amounted to ¥7,550,906.20 [7]. - The company's other income grew by 36.89% year-on-year, mainly due to an increase in government subsidies related to operating activities [17]. - The company's investment income increased by CNY 0.7348 million, a growth of 280.88%, primarily due to increased profits from its joint venture in Cambodia [17]. Corporate Governance - The company completed the election of the fifth board of directors and the fifth supervisory board, with new members officially registered [22]. - The approval for issuing shares to purchase assets and raise matching funds has expired, and the company will continue to promote related investment projects based on its strategic and operational plans [22]. Military Product Orders - The company’s military product orders increased by 80.7% year-on-year, but the profit from this segment has not been fully realized within the year due to longer delivery and acceptance cycles [27].