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CHAINTECH — Interim / Quarterly Report 2017
Dec 14, 2017
52073_rns_2017-12-14_bb3e0130-052e-46d7-87a6-7fa8b5062353.pdf
Interim / Quarterly Report
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Chaintech Technology Corporation Investment orumF
2017.12.15
Declaration
The information in this document won’t contain financial forecasts and forward-looking. The information in this document was acquired from TSE MOPS and sources available to the company.
Financial Statement
2017 Q3 Comprehensive Income (QoQ)
For the Three Months Ended September 30, 2017, June 30, 2017
UNIT:thousand NTD
| Item | 2017Q3 | % | 2017Q2 | % |
QoQ (%) |
|---|---|---|---|---|---|
| Net Revenue | 1,753,562 | 100.00 | 1,583,278 | 100.00 |
10.76 |
| COGS | (1,716,556) | -97.89 | (1,550,333) | -97.92 | 10.72 |
| Gross Profit | 37,006 | 2.11 | 32,945 | 2.08 | 12.33 |
| Operating Expenses | (24,200) | -1.38 | (21,471) | -1.36 | 12.71 |
| Operating Income | 12,806 | 0.73 |
11,474 | 0.72 |
11.61 |
| Non-operating Income and Expenses |
(3,482) | -0.20 | 12,160 | 0.77 |
-128.63 |
| Income Before Income Tax | 9,324 | 0.53 |
23,634 | 1.49 |
-60.55 |
| Income Tax (Expenses ) | 820 | 0.05 |
(10,043) | -0.63 | -108.16 |
| Net Income | 10,144 | 0.58 |
13,591 | 0.86 |
-25.36 |
| Earnings per Share - Diluted | 0.09 | 0.12 | -25.00 |
Data Source:Consolidated financial Report
2017 Q3 Comprehensive Income (YoY)
For the Three Months Ended September 30, 2017, September 30, 2016
| Item | 2017Q3 | % | 2016Q3 | % | YoY(%) |
|---|---|---|---|---|---|
| Net Revenue | 1,753,562 | 100.00 |
1,661,634 | 100.00 | 5.53 |
| COGS | (1,716,556) | -97.89 | (1,601,220) | -96.36 | 7.20 |
| Gross Profit | 37,006 | 2.11 | 60,414 | 3.64 | -38.75 |
| Operating Expenses | (24,200) | -1.38 | (27,036) | -1.63 | -10.49 |
| Operating Income | 12 806 , |
0 73 . |
33 378 , |
2 01 . |
61 63 - . |
| Non-operating Income and Expenses |
(3,482) | -0.20 | (30,531) | -1.84 | -88.60 |
| Income Before Income Tax | 9,324 | 0.53 |
2,847 | 0.17 | 227.50 |
| Income Tax (Expenses ) | 820 | 0.05 |
7,453 | 0.45 |
-89.00 |
| Net Income | 10,144 | 0.58 |
10,300 | 0.62 | -1.51 |
| Earnings per Share - Diluted | 0.09 | 0.10 | -10.00 |
Data Source:Consolidated financial Report
2017 Q3 Consolidated Condensed Balance Sheets
| UNIT:thousand NTD | 2017/9/30 | % | 2016/12/31 | % | YTD |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | 641,829 | 28.07 | 342,688 | 14.54 | 87.29% |
| Accounts Receivable | 412,759 | 18.05 | 722,357 | 30.64 | -42.86% |
| Accounts Receivable -relatedparties |
815,079 | 35.65 | 892,301 | 37.85 | -8.65% |
| Other Receivable | 212 | 0.01 | 230 | 0.01 | -7.83% |
| Inventories | 226,464 | 9.90 | 184,655 | 7.83 | 22.64% |
| Prepayments | 1 438 , |
0 06 . |
2 990 , |
0 13 . |
-51 91% . |
| Other current assets | 42,213 | 1.85 | 56,247 | 2.39 | -24.95% |
| Total Current Assets | 2,139,994 | 93.59 | 2,201,468 | 93.38 | -2.79% |
| Property, Plant and Equipment | 135,815 | 5.94 | 145,013 | 6.15 | -6.34% |
| Deferred income tax assets | 4 | 0.00 | 72 | 0.00 | -94.44% |
| Other Non-current Assets | 10,645 | 0.47 | 11,049 | 0.47 | -3.66% |
| Total Non-current Assets | 146,464 | 6.41 | 156,134 | 6.62 | -6.19% |
| Total Assets | 2,286,458 | 100.00 | 2,357,602 | 100.00 | -3.02% |
Data Source:Consolidated financial Report
2017 Q3 Consolidated Condensed Balance Sheets
| UNIT:thousand NTD | 2017/9/30 | % | 2016/12/31 | % | YTD | |
|---|---|---|---|---|---|---|
| Short-term Loans | 0 | 0.00 | 76,533 | 3.25 | -100.00% | |
| Accounts Payable | 503,389 | 22.02 | 400,231 | 16.98 | 25.77% | |
| Other Payable | 44,126 | 1.93 | 61,483 | 2.61 | -28.23% | |
| income tax Liabilities | 4,089 | 0.18 | 13,392 | 0.57 | -69.47% | |
| Other Current Liabilities | 482 | 0.02 | 359 | 0.02 | 34.26% | |
| Total Current Liabilities | 552,086 | 24.15 | 551,998 | 23.41 | 0.02% | |
| D ff d i Li bili i e ere ncome tax a t es |
106 | 0 00 . |
3 568 , |
0 15 . |
97 03% - . |
|
| Other Non-current Liabilities | 1,374 | 0.06 | 758 | 0.03 | 81.27% | |
| Total Non-current Liabilities | 1,480 | 0.06 | 4,326 | 0.18 | -65.79% | |
| Total Liabilities | 553,566 | 24.21 | 556,324 | 23.60 | -0.50% | |
| Capital | 1,092,488 | 47.78 | 1,092,488 | 46.34 | 0.00% | |
| Retained Earnings | 670,684 | 29.33 | 733,743 | 31.12 | -8.59% | |
| Other Equity | -30,280 | -1.32 | -24,953 | -1.06 | 21.35% | |
| Total Shareholders' Equity | 1,732,892 | 75.79 | 1,801,278 | 76.40 | -3.80% | |
| Total Liabilities & Shareholders' Equity | 2,286,458 | 100.00 | 2,357,602 | 100.00 | -3.02% |
Financial Ratio
| 2017.9.30 | 2016.12.31 | ||
|---|---|---|---|
| Debt Ratio | 24.21% | 23.60% | |
| Current Ratio | 387.62% | 398.82% | |
| Quick Ratio | 346.34% | 364.82% | |
| AR Turnover | 4.07 | 3.76 | |
| Days sales in AR | 89.75(days) | 97.07(days) | |
| InventoryTurnover | 27.59 | 19.78 | |
| Average days in sales | 13.23(days) | 18.45(days) | |
| Cash Flow Ratio | 70.82% | 62.56% |
Nine Months Ended September 30
Consolidated Condensed Cash Flow Statements
UNIT:thousand NTD
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2017 2016
Cash Flows from Operating Activities:
Income Before Income Tax (45,900) 52,493
Adjustment ：
Depreciation & Amortization 9,356 10,992
Loss on disposal of property, plant and equipment, net 50 45
Interest Revenue (1,154) (482)
Interest Expense 1,206 6,312
Changes in operating assets :
Notes and accounts receivable, net(including related parties) 386,820 593,175
Other receivables 18 2,645
Inventories (41,809) 203,096
prepaid and Other current assets 9,753 (1,172)
Changes in operating liabilities:
Accounts payable(including related parties) 103,158 (460,407)
Accrued expenses and other current liabilities (17,213) (6,905)
Cash generated from operations
Imterest received 1,154 482
Interest paid (1,227) (7,021)
Income taxes paid (13,469) (20,686)
Net cash generated by operating activities 390,991 372,833
9 2017/12/14
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| Nine Months Ended September 30 2017 2016 (2,228) (7,610) 18 72 5,833 9,436 7 2,520 3,630 4,418 2017/12/14 (76,533) (190,355) 616 (1,027) (16,387) (32,775) (92,304) (224,157) (3,176) (15,292) 299,141 137,802 342,688 311,465 641,829 449,267 |
Nine Months Ended September 30 2017 2016 (2,228) (7,610) 18 72 5,833 9,436 7 2,520 3,630 4,418 2017/12/14 (76,533) (190,355) 616 (1,027) (16,387) (32,775) (92,304) (224,157) (3,176) (15,292) 299,141 137,802 342,688 311,465 641,829 449,267 |
||
|---|---|---|---|
| Nine Months Ended September 30 | |||
| 2017 | 2016 | ||
| CASH FLOWS FROM INVESTING ACTIVITIES Acquisitions of Property, plant and equipment Disposal of Property, plant and equipment Decrease in other current assets Decrease in other non-current assets |
(2,228) 18 5,833 7 |
(7,610) 72 9,436 2,520 |
|
| Net cash generated by investing activities | 3,630 | 4,418 | |
| CASH FLOWS FROM FINANCING ACTIVITIES Decrease in short-term loans other current liabilities Cash dividends |
(76,533) 616 (16,387) |
(190,355) (1,027) (32,775) |
|
| Net cash used in financing activities | (92,304) | (224,157) | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR |
(3,176) 299,141 342,688 |
(15,292) 137,802 311,465 |
|
| CASH AND CASH EQUIVALENTS, END OF YEAR | 641,829 | 449,267 | |
| 10 |
Product Information
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