BROADEX(SZ:300548)2019-04-25 16:00Financial Performance - Total revenue for Q1 2019 was ¥84,037,595.51, an increase of 15.96% compared to ¥72,474,305.03 in the same period last year[10] - Net profit attributable to shareholders decreased by 75.77% to ¥3,403,114.61 from ¥14,043,117.12 year-on-year[10] - Net profit excluding non-recurring gains and losses was -¥1,530,370.49, a decline of 114.33% compared to ¥10,682,070.53 in the previous year[10] - Basic earnings per share decreased by 76.47% to ¥0.04 from ¥0.17 year-on-year[10] - The company reported a total profit of CNY 3,084,749.99 for Q1 2019, down from CNY 16,897,729.69 in the previous year[83] - Total comprehensive income amounted to CNY 2,626,171.26 for the current period, compared to CNY 14,048,249.60 in the previous period[93] Cash Flow - Net cash flow from operating activities fell by 90.06% to ¥4,142,681.02 from ¥41,679,706.08 in the same period last year[10] - Cash inflow from operating activities totaled CNY 65,028,466.48, down from CNY 101,863,379.50 year-over-year[97] - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of 4,142,681.02 yuan, down 90.06%[29] - The net increase in cash and cash equivalents was CNY -33,758,424.19, compared to an increase of CNY 66,805,463.69 in the previous period[100] Assets and Liabilities - Total assets at the end of the reporting period were ¥725,547,564.06, a slight increase of 1.04% from ¥718,068,403.10 at the end of the previous year[10] - Total current assets increased to ¥472,958,929.02 from ¥507,371,286.73, reflecting a decrease of approximately 6.8%[63] - Total current liabilities increased to ¥103,079,816.46 from ¥99,055,400.97, showing a rise of about 4.1%[66] - Total liabilities amounted to ¥112,164,307.18, compared to ¥110,846,357.07, marking an increase of approximately 1.2%[66] - Owner's equity totaled ¥613,383,256.88, up from ¥607,222,046.03, reflecting a growth of about 1.9%[69] Research and Development - R&D expenses increased by 127.71% to 9,429,257.05 yuan, driven by higher personnel salaries and material inputs[25] - The company plans to increase investment in new products such as DWDM devices and high-speed optical modules[30] - The company is investing 10 million USD to establish a wholly-owned subsidiary in the UK for R&D and manufacturing of optical chips and devices, with the registration process completed[40] Market and Competition - The company’s gross margin for passive products declined due to market competition affecting prices[30] - The company acknowledges risks related to fluctuations in customer demand from telecom operators and data center operators, which may affect performance and financial status[34] - The company is facing risks of declining product gross margins due to increased competition and price reductions in the optical device industry, and plans to develop new products and improve efficiency to mitigate this risk[34] Investments and Acquisitions - The company plans to acquire assets from Kaiam Corporation for 5.5 million USD to enhance its capabilities in PLC technology[40] - The investment in the planar waveguide integrated optoelectronic device industrialization project reached 80.91% completion, with a cumulative investment of 806.094 million CNY[44] - The MEMS integrated optical device R&D and industrialization project has not met expected progress, with a cumulative investment of 687.05 million CNY and a reported loss of 131.83 million CNY[47] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 8,962[14] - The company received government subsidies amounting to ¥3,689,568.13 during the reporting period[10]