BROADEX(SZ:300548)2018-04-26 16:00Financial Performance - Total revenue for Q1 2018 was ¥72,474,305.03, a decrease of 18.00% compared to ¥88,388,045.33 in the same period last year[8] - Net profit attributable to shareholders was ¥14,043,117.12, down 30.19% from ¥20,115,710.59 year-on-year[8] - Net profit excluding non-recurring items was ¥10,682,070.53, representing a decline of 37.95% compared to ¥17,216,623.30 in the previous year[8] - Basic and diluted earnings per share were both ¥0.17, down 29.17% from ¥0.24 in the previous year[8] - Operating profit was 16.27 million, a decrease of 30.98% compared to the previous year, primarily due to a decline in sales revenue[22] - Total profit amounted to 16.90 million, down 34.19% year-on-year, mainly due to decreased sales revenue[22] - The gross margin decreased by 6.74 percentage points due to a decline in sales scale and price reductions of certain products[25] - The total comprehensive income for Q1 2018 was ¥14,025,550.24, a decrease of 30% from ¥20,192,077.43 in Q1 2017[53] Cash Flow and Liquidity - Operating cash flow for the period was ¥41,679,706.08, a significant increase of 757.77% from a negative cash flow of ¥6,336,473.26 in the same period last year[8] - Cash and cash equivalents increased to CNY 221,816,353.48 from CNY 155,401,362.73, reflecting a growth of approximately 42.6%[43] - The net cash flow from operating activities for Q1 2018 was ¥41,679,706.08, a significant improvement from a negative cash flow of ¥6,336,473.26 in Q1 2017[60] - Cash and cash equivalents at the end of Q1 2018 amounted to ¥221,093,922.24, up from ¥137,873,593.22 at the end of Q1 2017[61] - The company received tax refunds of 1.38 million, a decrease of 49.62% compared to the same period last year[23] Assets and Liabilities - Total assets at the end of the period were ¥697,112,868.39, an increase of 1.44% from ¥687,195,289.62 at the end of the previous year[8] - The company's total liabilities increased by 118.96% to CNY 12,401,429.21, mainly due to increased government subsidies received by a wholly-owned subsidiary[20] - Accounts receivable decreased to CNY 84,216,467.93 from CNY 92,108,418.10, a decline of about 8.5%[43] - Total liabilities decreased to CNY 57,867,035.40 from CNY 69,175,068.26, indicating a reduction of about 16.4%[49] Investment and Growth Plans - The company plans to expand its market share and develop new products to mitigate risks associated with market volatility and competition[11][12] - The company completed an investment of 5 million USD in its U.S. subsidiary, enhancing its market presence[28] - The company plans to accelerate the industrialization of new products to achieve business growth throughout the year[25] - The total amount of raised funds is 197.02 million CNY, with 2.43 million CNY invested in the current quarter[35] - The company has committed to investment projects, with the total investment amount yet to be specified[35] Risks and Challenges - The company faces risks related to fluctuations in customer demand, declining product gross margins, and potential technological obsolescence[11][12] - The MEMS integrated optical device R&D project faced challenges, with a completion rate of only 21.89% due to market size discrepancies[36] Shareholder and Regulatory Commitments - The company has made commitments to maintain stock price stability for public investors[32] - There are no reported delays in fulfilling commitments made to minority shareholders[33] - The company is committed to transparency and adherence to regulations regarding stock price management[32]