GRKJ(SZ:300600)2018-04-26 16:00Financial Performance - Total revenue for Q1 2018 was ¥88,833,928.68, a decrease of 17.37% compared to ¥107,510,626.96 in the same period last year[7] - Net profit attributable to shareholders was ¥23,876,007.65, down 17.93% from ¥29,092,272.69 year-on-year[7] - Net profit excluding non-recurring items was ¥12,948,817.94, reflecting a significant decline of 54.52% from ¥28,473,172.56 in the previous year[7] - Basic and diluted earnings per share were both ¥0.24, down 17.24% from ¥0.29 in the previous year[7] - Operating profit was 27.60 million RMB, down 19.37% year-on-year[22] - The total comprehensive income attributable to the parent company was ¥23,876,007.65, a decrease of 18.5% from ¥29,092,272.69 in the prior year[47] Cash Flow - Operating cash flow showed a net outflow of ¥34,134,261.34, worsening by 206.70% compared to a net outflow of ¥11,129,469.00 in the same period last year[7] - Net cash flow from operating activities decreased by 206.70% compared to the same period last year, primarily due to a reduction in cash received from sales of goods and services[21] - Cash inflows from operating activities totaled 62,277,752.83, down from 75,395,935.71 in the previous period, reflecting a decrease of approximately 17.5%[54] - Cash outflows from operating activities increased to 95,930,672.89 from 87,137,910.88, representing an increase of about 10.3%[55] - The net cash flow from operating activities was -33,652,920.06, compared to -11,741,975.17 in the previous period, indicating a significant decline[55] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,071,822,913.40, an increase of 0.94% from ¥1,061,827,807.34 at the end of the previous year[7] - Total assets as of March 31, 2018, were 1.07 billion RMB, an increase of 0.94% from the end of the previous year[22] - Total liabilities decreased to CNY 161,984,881.74 from CNY 175,634,680.29 at the beginning of the year, reflecting a reduction of 7.8%[39] - Accounts receivable at the end of the reporting period amounted to 222.18 million RMB, an increase of 34.10% from the beginning of the year[22] - Accounts receivable increased to CNY 222,177,496.81 from CNY 165,676,634.38, representing a growth of 34.1%[37] Expenses - Sales expenses increased by 49.86% year-on-year, mainly due to the expansion of the marketing team[22] - Financial expenses rose by 63.67% compared to the previous year, primarily due to a decrease in interest income[22] - The company reported a decrease in tax expenses to CNY 3,807,176.77 from CNY 5,141,423.91, a reduction of 26%[42] - The company reported a significant increase in tax payments, totaling 9,604,088.18, compared to 6,912,539.24 in the previous period[55] Strategic Focus - The company is focusing on innovation and industrial upgrading to enhance competitiveness amid a challenging economic environment[12] - The company is increasing R&D investment and strengthening collaboration with key domestic universities to maintain technological innovation[12] - The company faces risks related to economic cycles, technology, and management as it expands its business scale[12] Other Financial Metrics - Other income increased by 1,665.26% year-on-year, mainly due to the receipt of VAT refunds on military product sales[22] - The company incurred asset impairment losses of ¥2,643,320.27 in Q1 2018, down from ¥3,656,771.28 in the previous year[47] - The company did not engage in any repurchase transactions during the reporting period[16] - The total amount of raised funds is 30,510,000, with 1,009,560 invested in the current quarter[25] - Cumulative amount of raised funds invested is 23,475,010, representing 82.07% of the committed investment project for marine electrical equipment expansion[25]