FHM(SZ:300613)2018-04-24 16:00Revenue and Profitability - Total revenue for Q1 2018 was ¥86,324,304.44, an increase of 2.38% compared to ¥84,314,643.71 in the same period last year[8]. - Net profit attributable to shareholders decreased by 44.22% to ¥15,232,285.52 from ¥27,307,643.25 year-on-year[8]. - Net profit excluding non-recurring gains and losses fell by 45.66% to ¥14,776,313.59 from ¥27,191,241.62 in the previous year[8]. - Basic and diluted earnings per share decreased by 54.59% to ¥0.336 from ¥0.74 year-on-year[8]. - The net profit attributable to shareholders was ¥15.23 million, a decrease of 44.22% due to intensified market competition leading to a decline in gross margins[24]. - The net profit for Q1 2018 was ¥16,032,362.98, down from ¥27,857,175.82 in the same period last year, indicating a decline of about 42%[54]. - The total comprehensive income for Q1 2018 was ¥14,622,759.41, down from ¥27,246,351.62 in the previous year, marking a decline of about 46%[50]. Cash Flow and Assets - Operating cash flow increased significantly to ¥41,984,210.73, a rise of 60,014.44% compared to a negative cash flow of ¥70,073.61 in the same period last year[8]. - Cash and cash equivalents decreased by 30.69% to ¥461,445,607.08 from ¥665,732,516.17 due to increased purchases of structured deposits and office buildings[21]. - Cash flow from operating activities improved significantly to ¥41,984,210.73 from -¥70,073.61, reflecting timely collection of previous sales[21]. - The company's cash and cash equivalents decreased from CNY 665.73 million at the beginning of the period to CNY 461.45 million by the end of the period, representing a decline of approximately 30.7%[38]. - The cash and cash equivalents at the end of the period were ¥461,445,607.08, down from ¥754,361,946.88 at the end of the previous year[55]. - The company reported a total cash inflow from operating activities of approximately $137.69 million, up from $83.64 million in the previous period[57]. Operating Costs and Expenses - Operating costs increased by 47.23% to ¥49,085,890.00 from ¥33,340,157.53, in line with increased sales revenue[21]. - The company reported a significant increase in operating costs, which rose to ¥48,408,842.03 from ¥33,347,516.34, representing an increase of approximately 45%[50]. - The company recorded a financial expense of -¥1,654,846.43, contrasting with a financial income of ¥751,334.47 in the previous year[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,079,907,501.31, a slight increase of 0.15% from ¥1,078,248,665.83 at the end of the previous year[8]. - Total current liabilities decreased from CNY 42.43 million to CNY 25.73 million, indicating a reduction of about 39.4%[39]. - The total liabilities decreased to CNY 122,259,931.67 from CNY 134,609,923.64[44]. - The equity attributable to shareholders of the parent company increased to CNY 954,225,295.38 from CNY 936,435,788.39[44]. Research and Development - The company plans to enhance its core technology R&D and improve cost management to maintain competitive advantage and profitability[11]. - The company has increased its R&D investment in network camera SoC, resulting in significant sales growth and a higher revenue share from these products[24]. - The company plans to continue exploring market opportunities in smart hardware and automotive electronics while maintaining a high level of R&D investment[24]. Market and Competition - The company faces risks including declining gross margins due to market competition and rising labor costs in R&D, which may impact future profitability[11]. - The company has not forecasted any significant changes in net profit compared to the same period last year[33]. Fundraising and Investments - The total amount of raised funds was ¥567.01 million, with ¥32.14 million invested in the current quarter[29]. - The company has no reported issues regarding the use of raised funds or any non-operating fund occupation by controlling shareholders during the reporting period[31][34]. - The company reported a cash dividend distribution plan for 2017, proposing to distribute a total of CNY 10.6492 million (after tax) to shareholders at a rate of CNY 2.35 per 10 shares, based on a total share capital of 45.3159 million shares[32]. Other Information - The company has relocated its office address to 5-6 Floor, No. 717 Yishan Road, Xuhui District, Shanghai, which may impact the implementation of fundraising projects[38]. - The first quarter report was not audited, indicating preliminary financial results[60].