GUOXIN MICRO(002049)2020-04-23 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥645,956,365.30, a decrease of 3.47% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥190,083,589.94, representing an increase of 183.41% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥175,953,507.84, up 366.67% from the previous year[2]. - The basic earnings per share for the period was ¥0.3132, an increase of 183.44% compared to the same period last year[2]. - The weighted average return on equity rose to 4.44%, an increase of 2.69 percentage points year-on-year[2]. - The total comprehensive income for Q1 2020 was ¥192,991,354.69, compared to ¥62,281,541.12 in Q1 2019, showing a substantial increase[29]. - The company expects net profit attributable to shareholders for the first half of 2020 to range from ¥26,991.71 million to ¥32,775.64 million, representing a year-on-year increase of 40% to 70%[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,806,193,838.99, a slight increase of 0.29% from the end of the previous year[2]. - Net assets attributable to shareholders increased by 4.52% to ¥4,377,456,044.58 compared to the end of the previous year[2]. - The balance of long-term borrowings increased by 33.71% to ¥95,200,000.00, mainly due to the increase in special borrowings for the Chengdu R&D center project[9]. - Total liabilities decreased to CNY 2,425,082,216.63 from CNY 2,593,708,995.01, indicating improved financial health[64]. - The company's equity attributable to shareholders increased to CNY 4,377,456,044.58 from CNY 4,188,221,621.10, showing a positive trend in retained earnings[64]. Cash Flow - The net cash flow from operating activities was -¥281,065,498.90, an improvement of 9.28% compared to the previous year[2]. - Cash flow from operating activities for Q1 2020 was -¥281,065,498.90, an improvement from -¥309,810,011.05 in the same period last year[32]. - Cash inflow from investment activities was ¥327,508,210.73, compared to ¥46,026,999.81 in Q1 2019, indicating a significant increase[32]. - The net cash flow from investment activities was CNY 108,086,911.56, an increase of 315.37% year-on-year, mainly due to the recovery of loans from Xi'an Unisoc[51]. - The net cash flow from financing activities was CNY 152,783,203.94, an increase of 111.93% year-on-year, driven by increased funding needs for the integrated circuit business and additional bank loans[51]. Research and Development - Research and development expenses for the reporting period amounted to ¥107,253,492.30, an increase of 230.10% year-on-year, mainly due to the increase in capitalized R&D expenditures[10]. - R&D expenses increased significantly to CNY 107,253,492.30, up 230.5% from CNY 32,491,656.72 in Q1 2019[28]. - The company plans to continue focusing on R&D and market expansion to drive future growth[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,683[5]. - The company's total number of ordinary shareholders at the end of the reporting period was 101,683, with the top 10 shareholders holding 36.39% of the shares[45]. Investment and Income - The company reported non-recurring gains of ¥14,130,082.10 during the reporting period[3]. - Investment income for the reporting period was ¥21,123,712.53, an increase of 474.95% year-on-year, primarily due to the sale of Huahong Semiconductor stocks and increased investment income from joint ventures[11]. - The company reported a significant increase in investment income to CNY 21,123,712.53 from CNY 3,674,032.62, indicating better performance in investments[68]. Compliance and Governance - The company reported no entrusted financial management or derivative investments during the reporting period[19]. - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[19]. - The company has not undergone an audit for the Q1 2020 report[40].