GOODIX(SH:603160)2018-04-26 16:00Financial Performance - Total revenue for Q1 2018 was RMB 571.29 million, a decrease of 21.90% compared to RMB 731.46 million in the same period last year[6] - Net profit attributable to shareholders was RMB 12.04 million, down 93.08% from RMB 173.98 million year-on-year[6] - Basic and diluted earnings per share were both RMB 0.04, a decline of 89.85% from RMB 0.394 in the previous year[6] - Total operating revenue declined by 21.90% to RMB 571.29 million, attributed to a decrease in business volume[14] - Net profit attributable to the parent company dropped by 88.96% to RMB 19.36 million, mainly due to reduced income and increased expenses[14] - The net profit for Q1 2018 was CNY 19,356,247.14, down 88.0% from CNY 175,347,785.19 in Q1 2017[28] - The net profit for the current period is ¥43,463,752.69, down 76.0% from ¥181,609,608.08 in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were RMB 4.32 billion, a decrease of 2.27% from RMB 4.42 billion at the end of the previous year[6] - Total assets decreased from ¥4,417,940,059.28 to ¥4,317,517,666.25, indicating a decline in overall asset value[21] - Total liabilities decreased from ¥932,180,983.31 to ¥798,213,278.72, showing a reduction in the company's obligations[22] - Total liabilities decreased to CNY 701,019,803.88 from CNY 921,001,491.02, showing a reduction in financial obligations[24] Cash Flow - Net cash flow from operating activities was RMB 116.25 million, down 6.38% from RMB 124.17 million in the same period last year[6] - Cash and cash equivalents decreased from ¥1,240,849,269.03 at the beginning of the year to ¥1,187,605,403.92 by the end of the reporting period[20] - The cash flow from operating activities for the current period is ¥116,246,690.32, a decrease of 6.9% compared to ¥124,168,542.98 in the previous period[33] - The ending balance of cash and cash equivalents was $1,098,467,988.16, reflecting a decline[35] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,720[10] - The largest shareholder, Zhang Fan, held 48.42% of the shares, with 219.90 million shares pledged[10] Government and Non-Recurring Items - Government subsidies recognized in the current period amounted to RMB 6.61 million, related to patents and other projects[8] - Non-recurring gains and losses totaled RMB 7.31 million, primarily from government subsidies and quality compensation income[9] Operational Metrics - Accounts receivable decreased by 24.81% to RMB 509.70 million due to a reduction in operating income[13] - Prepayments increased significantly by 868.32% to RMB 34.75 million primarily due to prepayment for outsourced R&D expenses[13] - Cash received from tax refunds decreased by 60.74% to RMB 17.48 million, primarily due to a reduction in software tax refunds[15] - Cash paid for purchasing goods and services decreased by 29.44% to RMB 397.45 million, reflecting reduced inventory demand[15] - Cash paid to employees increased by 56.17% to RMB 171.95 million, mainly due to higher year-end bonuses[15] - Other non-current assets surged by 1719.89% to RMB 88.31 million, primarily due to prepayments for external investments[14] - Construction in progress increased by 37.01% to RMB 43.37 million, mainly due to ongoing investment in the Chengdu R&D building[13] Market and Product Development - The company experienced a significant decline in performance due to competitive pressures and high product penetration in the mobile application market, leading to no substantial growth in sales[17] - R&D expenses and management costs increased significantly due to higher investment in new product development and the implementation of an equity incentive plan[17] - The company anticipates that new optical fingerprint products will scale commercially in the second half of 2018, contributing significantly to revenue and profit[17] Investment Activities - The company reported an investment income of RMB 6.60 million from financial products, marking a new revenue stream[14] - The company has made substantial investments, with cash payments for investments totaling ¥1,384,181,864.47 during the current period[33]