GOHIGH(SZ:000851)2018-04-25 16:00Financial Performance - The company's operating revenue for Q1 2018 was ¥2,366,555,531.23, representing a 34.32% increase compared to ¥1,761,831,833.92 in the same period last year[8] - The net profit attributable to shareholders was ¥748,631.39, a significant turnaround from a loss of ¥4,319,593.32, marking a 117.33% improvement[8] - Basic earnings per share increased to ¥0.0012 from a loss of ¥0.0068, reflecting a 117.65% improvement[8] - Total revenue for the current period reached ¥2,366,555,531.23, an increase of ¥604,723,697.31 or 34.32% compared to the previous period[19] - The company reported a significant increase in investment income, totaling ¥64,266.24, which is an increase of ¥59,415.89 or 1224.98%[19] Cash Flow and Assets - The net cash flow from operating activities was negative at ¥1,022,637,497.39, which is a 47.56% decline compared to the previous year's negative cash flow of ¥693,016,118.80[8] - The cash flow from operating activities decreased by ¥3,292,227,518.06, a decline of 42.27% due to reduced cash from prepaid services[21] - The company’s cash and cash equivalents decreased by ¥783,465,711.42, a drop of 39.47% attributed to increased payment for goods[18] - Total assets at the end of the reporting period were ¥8,037,801,708.42, down 1.59% from ¥8,167,950,097.71 at the end of the previous year[8] - The net assets attributable to shareholders decreased by 1.73% to ¥3,197,401,764.92 from ¥3,253,592,116.85[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,585[13] - The largest shareholder, Telecom Science and Technology Research Institute Co., Ltd., holds 12.81% of the shares, totaling 83,023,194 shares[13] - The company did not engage in any repurchase transactions among the top 10 ordinary shareholders during the reporting period[14] Operating Costs and Inventory - Operating costs increased to ¥2,239,292,836.49, reflecting a rise of ¥584,744,152.90 or 35.34% due to the growth in IT sales[19] - The company’s inventory increased to ¥1,093,013,401.89, up by ¥319,443,730.18 or 41.29% due to increased development costs and inventory for IT sales[18] Strategic Plans and Investments - The company plans to raise up to ¥1.62 billion through the issuance of shares at no less than ¥5.38 per share for its subsidiary, aimed at investment and R&D[23] - The company plans to introduce strategic investors for its wholly-owned subsidiary Beijing Gaoyang Jiexun Technology Co., Ltd. to increase capital[25] - The strategic investors include Shanghai Yunxin Venture Capital Co., Ltd., Jiaxing Juzi Shared Investment Partnership, Beijing Jinwu Venture Capital Center, and Beijing Digital Changyou Technology Center[25] - The subsidiary Gaoyang Jiexun is set to transfer its entire stake in Yijufu, with a minimum transfer price of 300 million yuan[26] - The transfer agreement with Shanghai Shiyuan Technology Co., Ltd. was signed on December 18, 2017, with a transaction price of 300 million yuan[26] Other Financial Information - The company reported non-operating income of ¥1,505,001.88 from government subsidies, which is closely related to its business operations[9] - The company’s net profit before tax increased significantly, leading to a rise in income tax expenses by ¥2,046,392.10 or 64.19%[20] - The company’s minority interest increased by ¥329,978,115.58, reflecting a growth of 160.32% due to new investments in its subsidiary[18] - The company has not reported any overdue commitments from its actual controllers, shareholders, or related parties during the reporting period[28] - There are no significant changes expected in the net profit for the period from January to June 2018 compared to the same period last year[29] - The company did not engage in any securities or derivative investments during the reporting period[30][32] - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[33]