GOODIX(SH:603160)2020-04-28 16:00Financial Performance - Operating revenue for the period was RMB 1,350,516,369.18, representing a year-on-year growth of 10.27%[4] - Net profit attributable to shareholders was RMB 204,711,937.73, a decrease of 50.58% compared to the same period last year[4] - Basic earnings per share were RMB 0.44, down 51.65% from RMB 0.91 in the same period last year[4] - The total comprehensive income for Q1 2020 was RMB 228,666,397.88, compared to RMB 410,963,940.67 in Q1 2019, reflecting a decline of 44.3%[26] - Net profit for Q1 2020 was RMB 204,712,839.58, a decrease of 50.6% from RMB 414,214,424.07 in Q1 2019[26] - The total operating profit for Q1 2020 was approximately ¥247.08 million, down 51.5% from ¥509.83 million in Q1 2019[27] Cash Flow and Liquidity - The net cash flow from operating activities was negative RMB 242,797,126.15, a decline of 519.92% year-on-year[4] - Cash and cash equivalents decreased by 37.29% to ¥2,207,119,649.49 due to payments for the NXP project investment acquisition[9] - Cash flow from operating activities showed a net outflow of approximately ¥242.80 million, compared to a net outflow of ¥39.17 million in Q1 2019[30] - The company experienced a net increase in cash and cash equivalents of -1,409,687,047.87 RMB in Q1 2020, compared to an increase of 177,613,736.19 RMB in Q1 2019[33] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 8,017,163,625.71, an increase of 2.15% compared to the end of the previous year[4] - Total liabilities amounted to RMB 1,315,280,207.18, down from RMB 1,409,358,144.96, showing a decline of about 6.67%[21] - Current liabilities decreased to ¥1,286,941,980.27 from ¥1,380,722,167.20, reflecting a reduction of approximately 6.77%[20] - Non-current assets totaled ¥2,413,361,789.73, up from ¥1,357,553,434.34, indicating a significant increase of about 77.73%[20] Shareholder Information - The number of shareholders at the end of the reporting period was 206,296,376, with the largest shareholder holding 45.24% of the shares[7] - Shareholders' equity rose to ¥6,701,882,153.98 from ¥6,439,424,033.10, marking an increase of approximately 4.07%[21] Operational Costs and Expenses - Operating costs increased by 42.45% to ¥672,906,027.59 due to rising costs and new product iterations[10] - R&D expenses grew by 97.77% to ¥413,069,606.14 primarily due to an increase in R&D personnel[10] - The company reported a significant increase in other receivables, rising to ¥1,589,506,302.10 from ¥267,851,912.57, reflecting a growth of approximately 493.36%[23] Future Plans and Strategies - The company plans to expand its market presence and invest in new product development to drive future growth[4] - The company is seeking to expand its operational scale and has approved credit guarantees totaling up to ¥200 million for Huizhong Hong Kong's funding needs[16] Government Support - The company received government subsidies amounting to RMB 5,960,389.32, which are closely related to its normal business operations[5] Guarantees and Financial Obligations - The company plans to provide a guarantee of up to $4,500 million for its subsidiary, Huizhong Hong Kong, in relation to obligations with Taiwan Semiconductor Manufacturing Company[16] - The company has approved a guarantee of $1,350 million for Huizhong Hong Kong's payment obligations to United Microelectronics Corporation for integrated circuit manufacturing services, effective from April 1, 2020, to July 30, 2023[17]