电科芯片(600877) - 2019 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders was -¥13,517,264.36, a decline of 157.15% compared to the previous year[18]. - Operating revenue for the period was ¥81,605,173.89, representing a decrease of 35.74% year-on-year[18]. - The weighted average return on equity was -5.42%, indicating a negative performance[18]. - Basic earnings per share were -¥0.01846, down 153.65% from ¥0.03441 in the previous year[21]. - The net profit attributable to the parent company for the third quarter of 2019 was a loss of CNY 9,547,190.56, compared to a profit of CNY 29,032,389.03 in the same quarter of 2018[63]. - The operating profit for the first three quarters of 2019 was a loss of CNY 11,629,268.00, compared to a profit of CNY 31,599,245.12 in the same period of 2018[60]. - The total comprehensive income for the first three quarters of 2019 was approximately ¥-88,810,702, compared to ¥-285,072,631 in the same period of 2018[68]. Cash Flow - Net cash flow from operating activities was ¥5,008,117.01, a significant drop of 109.93% compared to -¥50,454,438.50 in the same period last year[18]. - The cash inflow from operating activities for the first three quarters of 2019 was approximately ¥178,757,852, compared to ¥47,852,982 in the same period of 2018[70]. - Total cash outflow from operating activities amounted to ¥173,749,735.44, while cash inflow was ¥178,757,852.45, resulting in a positive cash flow from operations[72]. - The company reported a substantial cash outflow of ¥1,225,991,545.31 from financing activities, primarily due to debt repayments and dividend distributions[78]. - The cash inflow from financing activities totaled ¥9,000,000.00, while cash outflow was ¥129,040.76, leading to a net cash flow of ¥8,870,959.24 from financing activities[72]. Assets and Liabilities - Total assets decreased by 2.91% from the end of the previous year, amounting to ¥410,490,578.23[18]. - The company's total liabilities increased, with accounts payable rising by 40.89% to RMB 104,113,531.53 from RMB 73,895,732.28[30]. - The total current assets decreased slightly to 334,915,476.74 from 341,556,068.28, a reduction of about 2.0%[45]. - The non-current assets decreased to 75,575,101.49 from 81,228,009.11, representing a decline of approximately 7.0%[45]. - Current liabilities totaled 170,799,781.38, compared to 157,894,783.75, which is an increase of about 8.5%[47]. Shareholder Information - The company reported a total of 55,746 shareholders as of the end of the reporting period[25]. - The major shareholder, China Electric Power Group Co., Ltd., holds 31.87% of the shares[25]. - The company completed the acquisition of Tianjin Space Power Technology Co., Ltd. as a wholly-owned subsidiary on April 24, 2019[21]. Research and Development - Research and development expenses increased by 3.72% to RMB 23,124,887.52 from RMB 22,294,937.64 year-on-year[28]. - Research and development expenses for the first three quarters of 2019 amounted to approximately ¥697,085, a decrease from ¥133,226 in the same period of 2018[70]. Future Outlook - The company plans to improve profitability in the fourth quarter as project acceptance and contract signing are expected to increase[32]. - The company anticipates that the impact of project acceptance delays will be resolved, leading to improved financial performance in the upcoming quarters[32].