As of 2017, Huaxin Micro Assets totaled 73,112,900 yuan, an increase of 0.21% from the end of the previous year. Asset-liability ratio (parent company) was 10.97%, a decrease of 7.95% from 18.92% at the end of the previous year. Cash from operating activities The current net amount of this period was -122.48 million yuan, which was -469.52 million yuan in the same period of last year.
During the reporting period, the major changes in Huaxin Micro Management's expenses were mainly due to the increase in R&D and innovation during the reporting period. The investment in R&D increased by 15.97% over the previous year, followed by Huaxinwei in June 2017. , The payment of listing fees and various intermediary fees resulted in an increase in administrative expenses.
According to data from the Dibei New Third Board Research Institute, Huaxin Micro is mainly engaged in the design, development and sales of integrated circuit chips, and is committed to research, development, design, and sales of integrated circuit chips with independent intellectual property rights.