Goke(SZ:300672)2018-08-29 16:00Financial Performance - Total revenue for the reporting period was ¥98,332,314.10, a decrease of 19.35% compared to ¥121,924,538.93 in the same period last year[26]. - Net profit attributable to shareholders was -¥57,173,021.17, representing a decline of 123.79% from -¥25,547,685.96 in the previous year[26]. - Net cash flow from operating activities was -¥261,124,610.68, a significant decrease of 207.29% compared to -¥84,977,287.35 in the same period last year[26]. - Basic earnings per share were -¥0.51, down 64.52% from -¥0.31 in the previous year[26]. - Total assets at the end of the reporting period were ¥932,898,493.91, a decrease of 14.12% from ¥1,086,284,733.68 at the end of the previous year[26]. - Net assets attributable to shareholders were ¥901,715,607.72, down 6.85% from ¥968,073,844.78 at the end of the previous year[26]. - The weighted average return on net assets was -6.14%, a decrease of 2.47% compared to -3.67% in the previous year[26]. - The company reported a net profit excluding non-recurring gains and losses of -¥57,173,021.17, which is an 87.07% decline from -¥30,563,141.08 in the previous year[26]. Revenue Breakdown - Revenue from the broadcasting television chip series was RMB 5.18 million, down 89.45% year-on-year, accounting for 5.27% of total revenue[39]. - Revenue from the smart video surveillance chip series increased by 28.72% to RMB 29.06 million, making up 29.55% of total revenue[40]. - Solid-state storage chip revenue rose by 57.99% to RMB 54.75 million, representing 55.68% of total revenue[40]. - Internet of Things chip revenue was RMB 5.19 million, up 6.33% year-on-year, accounting for 5.28% of total revenue[40]. - Integrated circuit R&D, design, and services generated revenue of RMB 4.15 million, down 61.22% year-on-year, constituting 4.22% of total revenue[40]. Investment and Subsidiaries - The company established Jiangsu Guoke Microelectronics Co., Ltd. with an investment of RMB 100 million, focusing on integrated circuit design and manufacturing[34]. - The company is in the process of acquiring 100% of Shenzhen Huadian Communications Co., Ltd. for an estimated price of ¥36 million, pending government approval[46]. - The company made a significant investment of ¥100,000,000 in Jiangsu Guokai Microelectronics Co., holding a 100% stake[59]. - The company invested RMB 3.5 million to establish a controlling subsidiary, Hunan Guoke Anshi Technology Co., Ltd., which specializes in wearable recording devices[171]. Research and Development - Research and development expenses increased to ¥67,544,203.08, up 8.42% from ¥62,298,567.14 in the previous year, reflecting the company's commitment to enhancing its R&D capabilities[49]. - The company continues to focus on the development of storage controller chips and SSD technology as part of its product strategy[20]. - The company is advancing its third-generation ISP technology in the smart monitoring sector, with significant breakthroughs in key algorithms expected to enhance image quality in next-generation smart monitoring chips[43]. - The company has successfully developed the GK2301 series control chip for solid-state storage, which has passed national certifications and has entered mass production, marking a significant achievement in the consumer market[42]. Risks and Challenges - The revenue and profit exhibit seasonal risks, with the highest revenue typically occurring in the fourth quarter, influenced by product launches and seasonal demand fluctuations[6]. - There is a risk of research and development failures, as the company must invest substantial human and financial resources to ensure product competitiveness in a rapidly evolving market[8]. - The company faces risks related to core technology leakage, as its core technologies are primarily held by a limited number of key personnel and independent research teams[9]. - The Fabless business model allows the company to focus on design but is susceptible to changes in the overall industry ecosystem, which could impact its development[10]. - 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[81]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 12,185[117]. - The largest shareholder, Hunan Guoke Holdings Co., Ltd., holds 21.91% of shares, totaling 24,492,300 shares[117]. - The second-largest shareholder, National Integrated Circuit Industry Investment Fund Co., Ltd., holds 15.79%, totaling 17,647,026 shares[117]. - The total number of shares outstanding is 111,764,600[115]. - The proportion of limited sale shares is 75.00%, amounting to 83,823,500 shares[115]. - The proportion of unrestricted shares is 25.00%, amounting to 27,941,160 shares[115]. Financial Management - The company has established three special bank accounts for the management of raised funds, ensuring compliance with regulations[66]. - There were no changes in the use of raised funds or the implementation of investment projects during the reporting period[67]. - The total amount of entrusted financial management reached 19,200 million, with no overdue amounts reported[75]. - The company’s financial statements are prepared based on the going concern principle, with no significant doubts about its ability to continue operations for the next 12 months[173]. Compliance and Governance - The company complied with environmental regulations and were not penalized during the reporting period[110]. - There were no major litigation or arbitration matters during the reporting period[95]. - The company did not engage in any significant related party transactions during the reporting period[99]. - The company has not experienced any changes in its controlling shareholder during the reporting period[119].