盈方微(000670) - 2019 Q3 - 季度财报

Important Notice The company's board and management affirm the accuracy and completeness of the quarterly report, with one director absent from the review meeting Board Meeting and Statement The company's board and management affirm the quarterly report's accuracy and completeness, with one director absent and key executives guaranteeing financial statement authenticity - Director Zhu Peng was absent from the board meeting reviewing this quarterly report as the company did not receive his vote[3][4] - Company management, including Person in Charge Fang Xusheng and Chief Accountant Zhang Xuefang, declared the financial statements in the quarterly report to be true, accurate, and complete[4] Company Overview This section provides an overview of the company's key financial performance and shareholder structure as of the reporting period Key Accounting Data and Financial Indicators As of Q3 2019, the company's financial position declined significantly, with total assets and net assets down over 21%, and year-to-date revenue sharply reduced by 96.09%, while net loss narrowed Key Financial Indicators | Indicator | As of Period End / Year-to-Date | Change from Prior Year-End / Prior Period | | :--- | :--- | :--- | | Total Assets (CNY) | 198,787,806.61 | -21.42% | | Net Assets Attributable to Shareholders (CNY) | 149,639,887.05 | -24.27% | | Operating Revenue (CNY) | 4,044,711.26 | -96.09% | | Net Profit Attributable to Shareholders (CNY) | -49,332,577.17 | 14.25% | | Net Cash Flow from Operating Activities (CNY) | -27,587,482.99 | 116.04% (Increased Outflow) | | Basic Earnings Per Share (CNY/share) | -0.0604 | 14.20% | - The company's year-to-date non-recurring gains and losses totaled CNY 359,335.17, primarily from gains/losses on disposal of non-current assets[8] Shareholder Information As of the reporting period, the company had 78,683 common shareholders; the largest shareholder's 11.96% stake was largely pledged/frozen, leading to a control change - As of the reporting period end, the company had 78,683 common shareholders[11] Top Ten Shareholders | Shareholder Name | Shareholding Percentage | Number of Shares Held | Pledge or Freeze Status | | :--- | :--- | :--- | :--- | | Shanghai Yingfangwei Electronics Technology Co., Ltd. | 11.96% | 97,655,400 | Pledged 97,405,000; Frozen 97,655,400 | | Orient Securities Co., Ltd. | 8.45% | 69,000,000 | - | | Huarong Securities Co., Ltd. | 4.56% | 37,259,600 | - | - As of the report disclosure date, 87,405,000 shares held by the former largest shareholder, Yingfangwei Electronics, have been transferred to Shun Yuan Investment, making Shun Yuan Investment the company's largest shareholder[12][19] Significant Matters This section details significant events impacting the company, including financial data changes, ongoing investigations, and changes in control Changes and Reasons for Key Financial Data and Indicators in the Reporting Period Core financial data drastically changed due to a significant decline in operating revenue, impacting monetary funds and costs, while management expenses rose and R&D investment fell - Operating revenue for the current period was CNY 4.04 million, a year-on-year decrease of 96.09%, primarily due to a substantial decline in revenue scale[16] - Management expenses for the current period were CNY 38.51 million, a year-on-year increase of 48.08%, mainly due to data center depreciation and operation expenses being recognized as management expenses[16] - Research and development expenses for the current period were CNY 8.47 million, a year-on-year decrease of 54.08%, primarily due to reduced R&D investment[16] - Net cash flow from operating activities was -CNY 27.59 million, a year-on-year decrease (increased outflow) of 116.04%, mainly due to reduced cash received from sales of goods and provision of services[16] Progress, Impact, and Solutions for Significant Matters The company faces significant uncertainties, including an ongoing CSRC investigation with a preliminary penalty notice, and a change in control due to judicial auction of shares - The company has been under investigation by the China Securities Regulatory Commission since October 2016 and received a Preliminary Administrative Penalty and Market Prohibition Notice in May 2019, with no final decision issued as of the report disclosure date[17][18] - Due to judicial auction, 87,405,000 shares of the company held by the former controlling shareholder, Yingfangwei Electronics, have been transferred to Shun Yuan Investment, resulting in a change of the company's controlling shareholder and actual controller, making Shun Yuan Investment the largest shareholder[19] - Portions of shares held by the former controlling shareholder and former actual controller face further judicial auction[20] Other Significant Matters During the reporting period, the company had no overdue unfulfilled commitments, problematic investments, illegal guarantees, or controlling shareholder fund occupation, nor any investor relations activities - During the reporting period, the company had no overdue unfulfilled commitments, securities investments, wealth management, derivative investments, illegal external guarantees, or non-operating fund occupation by the controlling shareholder[22][23][25][26][28][29] - The company did not conduct any investor relations activities such as surveys, communications, or interviews during the reporting period[27] Financial Statements This section presents the company's unaudited consolidated and parent company financial statements, including the balance sheet, income statement, and cash flow statement Key Financial Statements This section presents the company's unaudited consolidated and parent company financial statements, showing total assets of approximately CNY 199 million, total liabilities of CNY 50 million, a net loss of CNY 49.89 million, and net cash outflow from operating activities of CNY 27.59 million as of September 30, 2019 Consolidated Balance Sheet Key Items (2019-09-30) | Item | Amount (CNY) | | :--- | :--- | | Total Assets | 198,787,806.61 | | Total Liabilities | 50,020,285.32 | | Total Equity Attributable to Parent Company Owners | 149,639,887.05 | Consolidated Income Statement Key Items (Year-to-Date) | Item | Amount (CNY) | | :--- | :--- | | Total Operating Revenue | 4,044,711.26 | | Total Operating Costs | 52,164,329.49 | | Net Profit | -49,893,088.70 | | Net Profit Attributable to Parent Company Owners | -49,332,577.17 | Consolidated Cash Flow Statement Key Items (Year-to-Date) | Item | Amount (CNY) | | :--- | :--- | | Net Cash Flow from Operating Activities | -27,587,482.99 | | Net Cash Flow from Investing Activities | 3,047,490.83 | | Net Increase in Cash and Cash Equivalents | -24,076,540.75 | Notes on Financial Statement Adjustments Effective January 1, 2019, the company adopted new financial instrument standards, reclassifying external equity investments to "Other Equity Instruments Investment," an adjustment that only reclassifies items and does not impact total assets or equity - The company began implementing new financial accounting standards on January 1, 2019[70] - According to the new standards, CNY 21.20 million of external equity investments previously under "Available-for-sale Financial Assets" were reclassified to "Other Equity Instruments Investment"[68][70] Audit Report The company's 2019 third-quarter report is unaudited - The company's third-quarter report is unaudited[76]