Goke(SZ:300672)2018-04-26 16:00Financial Performance - Total revenue for Q1 2018 was ¥30,966,596.38, a decrease of 5.15% compared to ¥32,648,236.10 in the same period last year[8] - Net profit attributable to shareholders was -¥37,904,289.43, representing a decline of 40.79% from -¥26,922,736.95 year-on-year[8] - The company reported a basic earnings per share of -¥0.34, a decrease of 6.25% from -¥0.32 in the same period last year[8] - The total comprehensive income for the period was CNY -38,555,126.39, compared to CNY -27,931,906.13 in the previous year, indicating a worsening financial position[47] - The company's operating profit was CNY -32,019,512.04, compared to CNY -27,139,728.00 in the same quarter last year, showing a decline in operational efficiency[49] Cash Flow - Net cash flow from operating activities was -¥144,622,278.84, a significant drop of 102.05% compared to -¥71,577,671.70 in the previous year[8] - The cash flow from operating activities was CNY 20,863,755.77, a significant decrease from CNY 68,695,608.84 in the previous year, reflecting challenges in cash generation[52] - The company experienced a net decrease in cash and cash equivalents of -181,453,183.91 CNY during the period, compared to -76,253,793.60 CNY in the previous period[54] - Total cash inflow from operating activities was 32,288,178.26 CNY, while cash outflow totaled 176,910,457.10 CNY, resulting in a net cash flow deficit[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥954,795,407.92, down 12.10% from ¥1,086,284,733.68 at the end of the previous year[8] - Cash and cash equivalents decreased by 34.38% to 346.28 million RMB, mainly due to payments made to suppliers[22] - Total liabilities decreased to CNY 30,442,229.59 from CNY 77,031,417.27[43] - Owner's equity totaled CNY 956,389,252.53, down from CNY 981,889,431.32[43] Operational Challenges - The company faces growth risks due to intense competition in the integrated circuit design industry, which may impact its ability to innovate and manage effectively[10] - The company is at risk of talent loss and insufficient human resources, which could hinder its ability to sustain technological innovation and competitive edge[14] - Revenue and profit exhibit seasonal risks, with significant fluctuations expected, particularly in Q4, which typically accounts for a large portion of annual revenue[11] Strategic Focus - The company emphasizes the importance of continuous innovation to maintain its market position and competitive advantage in the rapidly evolving technology landscape[12] - The company has established a long-term strategic plan for 2018, focusing on key operational tasks and market expansion[24] - The company is actively advancing the development of core technologies and new chip products, including a next-generation live broadcast HD set-top box and AI acceleration engines for surveillance products[25] - The company is focusing on enhancing R&D capabilities and product competitiveness to increase market share and reduce costs[25] Investment and Funding - Total raised funds amount to CNY 20,937.12 million, with CNY 2,271.14 million invested in the current quarter and a cumulative investment of CNY 9,127.84 million[29] - The cumulative investment progress for the new generation broadcast television series chip project is at 46.98%[29] - The cumulative investment progress for the intelligent video surveillance chip project is at 37.63%[29] - The cumulative investment progress for the high-performance storage chip project is at 43.96%[29] Miscellaneous - The company has received government subsidies amounting to ¥800,000, with a net impact of ¥720,000 after tax considerations[9] - There are no overdue commitments from major shareholders or related parties during the reporting period[27] - The company has not encountered any major changes in the feasibility of investment projects[30] - The company did not report any cash inflow from financing activities during the period[58]