ECT(SZ:300679)2018-04-25 16:00Financial Performance - Total revenue for Q1 2018 was ¥274,387,377.75, a decrease of 14.07% compared to ¥319,312,237.83 in the same period last year[8] - Net profit attributable to shareholders was ¥64,577,247.18, down 33.31% from ¥96,826,605.13 year-on-year[8] - Basic earnings per share decreased by 50.00% to ¥0.54 from ¥1.08 in the previous year[8] - The company's operating revenue decreased by 14.07% year-on-year, and net profit attributable to shareholders fell by 33.31% due to a decline in domestic smartphone shipments and seasonal price reductions[21] - The net profit for Q1 2018 was CNY 65,175,496.69, down 32.8% from CNY 96,784,349.70 in the same period last year[45] - The total comprehensive income for Q1 2018 was CNY 65,163,534.59, a decrease of 32.7% from CNY 96,788,505.44 in the prior year[46] - The company's operating profit for Q1 2018 was CNY 75,967,144.61, down 32.6% from CNY 112,652,925.90 in the previous year[45] - The total profit for Q1 2018 was CNY 75,911,676.69, a decrease of 32.6% compared to CNY 112,462,459.56 in the same period last year[45] Cash Flow - Net cash flow from operating activities fell by 70.71% to ¥74,866,710.26, compared to ¥255,648,127.49 in the same period last year[8] - The company reported a cash flow from operating activities of CNY 74,866,710.26, significantly lower than CNY 255,648,127.49 in the previous year[52] - The net cash flow from operating activities was ¥71,528,532.30, a decrease of 71.8% compared to ¥253,484,381.32 in the previous period[57] - The total cash inflow from investment activities was ¥162,668,011.93, significantly up from ¥40,228,493.15 in the previous period[58] - The cash outflow for investment activities reached ¥1,785,565,877.26, compared to ¥109,114,086.96 in the previous period, resulting in a net cash flow from investment activities of -¥1,622,897,865.33[58] - The net cash flow from financing activities was -¥40,679,360.89, reflecting a cash inflow of ¥7,658,740.09 and an outflow of ¥48,338,100.98[54] - The company reported a significant decrease in cash received from sales of goods and services, totaling ¥330,061,098.33, down from ¥492,524,501.90 in the previous period[56] Assets and Liabilities - Total assets increased by 1.01% to ¥3,434,211,506.37 from ¥3,399,826,077.06 at the end of the previous year[8] - Cash and cash equivalents increased by 773.99% to CNY 2,215,043,253.19, primarily due to funds raised from the IPO[20] - Other current assets surged by 2454.86% to CNY 1,722,327,983.76, attributed to an increase in investment financial products[19] - The company's capital reserve rose by 426.91% to CNY 2,258,255,034.05, resulting from the premium generated during the IPO[19] - Total current assets rose to CNY 2,929,415,811.45 from CNY 2,899,292,593.29, indicating a slight increase of approximately 1%[35] - Total liabilities decreased to CNY 217,885,542.77 from CNY 232,834,594.86, a reduction of 6.41%[42] Shareholder Information - The top shareholder, Chen Yuxuan, holds 25.41% of the shares, with a total of 30,490,160 shares[15] Industry Risks and Challenges - The company highlighted risks related to the smartphone industry, including potential declines in shipment volumes due to trade tensions, which could adversely affect sales and profitability[11] - The company is facing challenges in expanding its non-mobile industry and increasing R&D expenses[21] Government Support and Legal Matters - The company received government subsidies amounting to ¥3,276,875.26 during the reporting period[9] - The company has received a favorable court ruling regarding the repayment of funds from LeEco, which could positively impact future profits[23] Investment and Fund Management - The company plans to use up to CNY 120,000 million of idle raised funds for purchasing low-risk financial products[29] - Cumulative amount of raised funds with changed purposes is CNY 0, indicating no reallocations have occurred[27]