FOUNDERTECH(SH:600601)2016-04-25 16:00Financial Performance - Operating revenue fell by 14.86% to CNY 1,196,201,860.68 year-on-year[6] - Net profit attributable to shareholders decreased by 365.17% to a loss of CNY 58,579,208.32 compared to a profit in the same period last year[6] - Basic and diluted earnings per share were both CNY -0.0251, a decrease of 307.44% compared to the previous year[6] - Operating profit turned negative at -¥65,866,518.04, a decline of 325% from ¥29,311,070.63, primarily due to a decrease in gross margin for PCB products[10] - The company reported a net loss of ¥55,307,339.13 for Q1 2016, compared to a net profit of ¥26,460,938.65 in Q1 2015[24] - The total comprehensive income was -61,918,133.57 RMB, compared to 26,591,776.37 RMB in the previous period[25] Assets and Liabilities - Total assets decreased by 1.98% to CNY 9,274,969,602.38 compared to the end of the previous year[5] - Cash and cash equivalents decreased by 31% to ¥1,019,226,722.11 from ¥1,478,688,053.19 due to increased payments for goods and fixed asset construction[10] - Total current assets amount to RMB 4,269,106,787.38, a decrease from RMB 4,526,586,988.28 at the beginning of the year[16] - The total assets of the company as of March 31, 2016, are RMB 9,274,969,602.38, down from RMB 9,462,288,397.81 at the beginning of the year[16] - Total liabilities decreased to ¥2,388,660,420.20 from ¥2,375,848,315.32, indicating a slight increase of 0.5%[21] Cash Flow - Cash flow from operating activities improved, with a loss of CNY 316,380,980.11 compared to a loss of CNY 363,208,678.98 in the same period last year[6] - Cash flow from operating activities showed a net outflow of -316,380,980.11 RMB, an improvement from -363,208,678.98 RMB in the previous year[29] - Cash flow from investing activities resulted in a net outflow of -227,261,111.06 RMB, compared to -172,895,430.14 RMB in the same period last year[30] - Cash flow from financing activities generated a net inflow of 52,288,246.25 RMB, contrasting with a net outflow of -191,022,875.04 RMB in the previous year[30] Shareholder Information - The total number of shareholders reached 307,557 at the end of the reporting period[8] - The largest shareholder, Peking University Founder Information Industry Group, holds 11.65% of the shares[9] - The company has commitments from major shareholders to avoid engaging in substantial competition with its main business, ensuring strategic alignment[12] Government and Regulatory Matters - The company is actively cooperating with the China Securities Regulatory Commission regarding an investigation into alleged information disclosure violations[11] - The company plans to issue up to 500 million shares through a private placement, pending approval from the China Securities Regulatory Commission[11] Expenses and Investments - The company reported a 42% increase in management expenses to ¥96,359,208.37, mainly driven by rising R&D costs[10] - Received government subsidies increased by 128% to ¥66,204,261.32 from ¥28,982,343.34, contributing positively to cash flow[10] Future Projections - The cumulative forecasted net profit for 2014, 2015, and 2016 is RMB 67.45 million, RMB 84.77 million, and RMB 111.55 million respectively[13] - The company has signed a profit compensation agreement with 158 individuals, ensuring compensation if actual net profits fall below forecasted amounts[13]