Shareholder Communication - The company aims to provide supplementary information to shareholders and potential investors beyond the annual report[4] - The announcement is made to ensure transparency and accuracy for shareholders and investors[4] - The announcement is part of the company's commitment to shareholder communication and engagement[4] Company Structure - The board of directors remains unchanged as of the announcement date, with both executive and non-executive members listed[4] - The chairman of the company, Jiang Guoxing, is responsible for the announcement[4] Stock Information - As of December 31, 2023, the company has issued 4,914,100 unvested restricted shares, representing approximately 0.6% of the total shares outstanding[4] - The company emphasizes the importance of the restricted stock incentive plan initiated in 2021[4] Regulatory Information - The company is registered in the People's Republic of China, indicating its operational jurisdiction[3] - The company clarifies that the Hong Kong Stock Exchange and the Hong Kong Joint Stock Exchange bear no responsibility for the content of the announcement[1] - The company continues to maintain all other information disclosed in the annual report without changes[4]

Financial Performance - For the six months ended June 30, 2024, the company reported operating revenue of approximately RMB 1.794 billion, a decrease of 0.12% compared to the same period last year[4]. - Net profit attributable to shareholders was approximately RMB 348.09 million, a decrease of about 22.52% year-on-year[4]. - The comprehensive gross profit margin was 56.49%, down by 10.61 percentage points year-on-year[4]. - The company achieved a revenue of approximately RMB 1.794 billion in the first half of 2024, which is essentially flat year-on-year[24]. - Net profit for the first half of 2024 was RMB 339,684,234.43, down from RMB 463,997,407.12 in the same period of 2023, reflecting a decline of approximately 26.8%[48]. - Operating revenue for the first half of 2024 was RMB 1,794,095,311.26, a slight decrease from RMB 1,796,229,282.46 in the previous year, showing a marginal decline of 0.1%[48]. - Total comprehensive income attributable to shareholders of the parent company for the first half of 2024 was RMB 348,298,848.81, compared to RMB 451,147,814.32 in the previous year, reflecting a decline of about 22.8%[49]. Assets and Liabilities - The company's total assets as of June 30, 2024, were approximately RMB 86.66 billion, an increase of about 3.03% from the beginning of the reporting period[5]. - The net assets attributable to shareholders were approximately RMB 55.99 billion, an increase of about 5.59% from the beginning of the reporting period[5]. - As of June 30, 2024, total current assets increased to RMB 5,806,256,554.81, up from RMB 5,551,115,336.70 as of December 31, 2023, representing a growth of approximately 4.6%[45]. - The company's inventory at the end of the reporting period was valued at approximately RMB 3,231.74 million, representing 52.83% of total current assets[35]. - The total liabilities decreased to RMB 2,425,161,836.52 from RMB 2,449,649,077.25, a reduction of 1.00%[43]. - The company's cash and cash equivalents decreased to RMB 813,008,807.03 from RMB 1,003,337,496.96, a decline of 18.99%[42]. Research and Development - Research and development expenses accounted for 33.31% of operating revenue, compared to 32.74% in the previous year[4]. - The company invested RMB 598 million in R&D during the reporting period, accounting for 33.31% of total revenue, indicating a strong commitment to innovation[18]. - The company has established a multi-level R&D system, accumulating rich industry experience and key technologies across various product lines, including security chips and non-volatile memory[18]. - The company is advancing the development of new generation FPGA and PSoC products based on 1xnm FinFET technology, targeting applications in computer vision and machine learning[12]. Sales and Revenue Breakdown - The sales revenue of the security and identification product line was approximately RMB 370 million, down from RMB 410 million in the previous year[9]. - The non-volatile memory product line achieved sales revenue of approximately RMB 599 million, up from RMB 588 million in the previous year[10]. - The smart meter MCU product line achieved sales revenue of approximately RMB 212 million in the reporting period, compared to RMB 113 million in 2023, reflecting a significant increase[11]. - The FPGA product line generated sales revenue of approximately RMB 553 million, slightly down from RMB 586 million in 2023[12]. - The company’s testing services, primarily through its subsidiary, generated revenue of approximately RMB 130 million, with consolidated revenue of about RMB 58 million after offsets[27]. Cash Flow and Financial Health - The company generated a net cash flow from operating activities of approximately RMB 127.12 million, turning positive from a negative cash flow in the previous year[5]. - The net cash flow from operating activities turned positive at RMB 12,712.92 million, a significant improvement from a negative RMB 109,043.92 million in the previous year[38]. - Total cash inflow from operating activities increased to RMB 1,662,628,490.28, compared to RMB 1,374,897,125.25 in the previous year, reflecting a growth of approximately 20.9%[51]. - Cash outflow for purchasing goods and services decreased to RMB 746,651,031.68 from RMB 1,769,894,205.02, indicating a reduction of about 57.8%[51]. Market and Competitive Position - The semiconductor industry showed signs of recovery, with integrated circuit product output increasing by 28.9% year-on-year[8]. - The company is actively expanding into international markets, with subsidiaries established in the US, Singapore, Hong Kong, and Taiwan to enhance its global influence[21]. - The company is focusing on new product development, including next-generation FPGA platforms and applications in the renewable energy sector[27]. Risk Management - The company faced risks related to high supplier concentration and fluctuations in raw material prices, which could directly impact profitability[32]. - The company assesses credit risk significantly increased if overdue days exceed 30 days, indicating a proactive approach to risk management[164]. - The company’s market risk exposure is primarily related to interest rate and foreign exchange fluctuations, with a focus on maintaining an appropriate mix of fixed and floating rate financial instruments[169]. Corporate Governance and Compliance - The financial statements are prepared in accordance with the accounting standards set by the Ministry of Finance, ensuring compliance and transparency[60]. - The company maintains a corporate income tax rate of 15%, which is favorable for its profitability outlook[65]. - The company obtained high-tech enterprise certification, allowing a reduced corporate income tax rate of 15% for 2023[66].

Financial Performance - The company's operating revenue for Q1 2024 was approximately RMB 892.74 million, representing a year-on-year increase of 10.30%[8] - Net profit attributable to shareholders was approximately RMB 161.25 million, a decrease of 14.35% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 154.99 million, down 13.93% year-on-year[8] - The overall gross profit margin for products decreased from 66.77% in the same period last year to 56.65%[8] - The basic earnings per share for the reporting period was RMB 0.20, a decrease of 13.04% year-on-year[5] - Net profit for Q1 2024 was RMB 158.35 million, a decrease of 18.6% from RMB 194.53 million in Q1 2023[20] Research and Development - Research and development expenses totaled approximately RMB 245.30 million, an increase of about RMB 25.96 million compared to the same period last year[10] - Research and development expenses were not reported for Q1 2024, compared to RMB 219.34 million in Q1 2023[20] Assets and Equity - Total assets at the end of the reporting period were RMB 849,593.38 million, an increase of 1.01% from the end of the previous year[7] - Equity attributable to shareholders at the end of the reporting period was RMB 547,916.09 million, up 3.32% from the end of the previous year[7] - The company’s total equity increased to RMB 6.13 billion from RMB 5.96 billion, reflecting a growth of 2.9%[19] Shareholder Information - The total number of common shareholders at the end of the reporting period was 27,057, with the top ten shareholders holding a combined 34.70% of shares[13] - Hong Kong Central Clearing (Agent) Limited holds 284,196,830 shares, representing 34.70% of total shares[14] - Shanghai Fudan Fuxin Technology Holdings Limited and Shanghai Zhengben Enterprise Management Consulting Partnership hold 13.38% and 13.03% of shares, respectively[13] - The number of A-share shareholders was 27,043, while H-share shareholders totaled 14[15] - The top ten shareholders include various institutional investors, with the largest being Hong Kong Central Clearing[14] - The total shares held by the top ten unrestricted shareholders amount to 284,196,830[14] - The report indicates that 39,182,011 shares held by Shanghai Zhengben are under judicial freeze[15] - The company has seen changes in the lending of shares due to margin trading activities among major shareholders[16] - The total number of shares held by the top ten unrestricted shareholders represents a significant portion of the company's equity structure[14] Cash Flow and Investments - In Q1 2024, cash inflow from operating activities was RMB 775,994,096.96, an increase of 21% compared to RMB 641,002,729.28 in Q1 2023[22] - The net cash flow from operating activities was RMB 10,580,615.27, a significant improvement from a net outflow of RMB 524,983,561.92 in the same period last year[22] - Cash outflow for purchasing fixed assets and other long-term assets was RMB 132,650,890.15, down 48% from RMB 253,469,972.83 in Q1 2023[23] - Cash inflow from investment activities totaled RMB 161,100,016.13, compared to RMB 225,683,029.78 in Q1 2023, reflecting a decrease of 29%[23] - The net cash flow from investment activities was negative at RMB -236,550,874.02, an improvement from RMB -294,342,943.05 in the previous year[23] - Cash inflow from financing activities was RMB 445,717,254.60, up 35% from RMB 330,563,472.36 in Q1 2023[23] - The net cash flow from financing activities was negative at RMB -24,290,369.20, contrasting with a positive net flow of RMB 323,231,185.34 in Q1 2023[23] - The ending cash and cash equivalents balance was RMB 740,560,120.10, an increase from RMB 622,264,887.86 at the end of Q1 2023[23] - The company received RMB 10,683,118.07 in tax refunds, slightly up from RMB 9,696,496.64 in Q1 2023[22] - The total cash outflow for operating activities was RMB 765,413,481.69, down 34% from RMB 1,165,986,291.20 in Q1 2023[22] Segment Performance - The revenue from the smart meter chip segment increased by 95.74% year-on-year, reaching approximately RMB 92 million[8] Liabilities - The total liabilities decreased to RMB 2.36 billion from RMB 2.45 billion, a reduction of 3.6%[19]

(Stock Code: 1385) (a joint stock limited company incorporated in the People's Republic of China) 2023 ANNUAL REPORT ANNUAL REPORT 2023 年報 for identification only (股份代號: 1385) (在中華人民共和國註冊成立的股份有限公司) 2023 年 報 僅供識別 目錄 頁次 公司資料 2 主席報告 3 管理層討論與分析 5 董事及監事及高級管理層履歷 25 企業管治報告 29 董事會報告 42 監事會報告 60 經審核財務報表 審計報告 65 合併資產負債表 71 合併利潤表 73 合併股東權益變動表 75 | --- | --- | |-----------------------|-------| | | | | 合併現金流量表 77 | | | 公司資產負債表 79 | | | 公司利潤表 81 | | | 公司股東權益變動表 | 82 | | 公司現金流量表 83 | | | 財務報表附註 | 85 | | | | | 補充資料 179 | | ...

Financial Performance - The company's total revenue for 2023 was RMB 3,536,259,423.60, a slight decrease of 0.04% compared to RMB 3,538,908,884.94 in 2022[4] - Net profit attributable to shareholders for 2023 was RMB 719,494,375.58, down 33.2% from RMB 1,076,843,340.68 in 2022[4] - Total comprehensive income for the year 2023 was RMB 751,297,956.63, a decrease from RMB 1,120,440,199.87 in 2022, reflecting a decline of approximately 33%[5] - Basic earnings per share (EPS) for 2023 was RMB 0.88, down from RMB 1.32 in 2022, representing a decrease of about 33.33%[5] - The company reported a profit total of RMB 751,850,854.72 for 2023, down from RMB 1,121,671,536.82 in 2022, a decrease of about 33%[10] - The company achieved operating revenue of approximately RMB 3.536 billion, remaining essentially flat year-on-year, while net profit attributable to shareholders decreased by 33.18% to approximately RMB 719 million[44] Assets and Liabilities - The company's total assets as of December 31, 2023, reached RMB 8,411,350,886.39, up 37.5% from RMB 6,110,888,054.09 in 2022[3] - Current assets totaled RMB 5,937,283,670.86, an increase of 37.2% compared to RMB 4,327,100,944.42 in 2022[2] - Total liabilities rose to RMB 2,449,649,077.25, a substantial increase of 156.1% from RMB 957,718,676.14 in 2022[3] - The total accounts receivable balance as of December 31, 2023, is RMB 953,432,976.35, with a bad debt provision of RMB 23,813,666.81, representing 2.50% of the total[15] - The accounts payable as of 2023 is RMB 235,756,887.78, an increase from RMB 201,182,480.44 in 2022[15] - The company had bank borrowings of RMB 1.436 billion as of December 31, 2023, a significant increase from RMB 50 million in 2022[47] Research and Development - Research and development expenses increased significantly to RMB 1,010,597,572.06, representing a rise of 37.4% from RMB 735,419,692.61 in the previous year[4] - The company invested approximately RMB 1.19 billion in R&D for the year, representing a year-on-year increase of 34.25%[31] - The number of R&D personnel increased from 885 at the end of last year to 1,178, enhancing the R&D capabilities[31] - The company has developed 10GHz high-speed wafer KGD testing and high-density wafer testing methods with over 10,000 pins, which have been put into mass production[29] - The company is actively developing testing solutions for AI chips, high-performance computing chips, and automotive-grade chips[29] - The comprehensive gross margin decreased to 61.21% due to the downward pressure on certain product lines[23] Revenue Breakdown - Revenue from external transactions in 2023 was RMB 3,536,259,423.60, slightly down from RMB 3,538,908,884.94 in 2022, indicating a marginal decline of 0.07%[8] - Revenue from non-volatile memory in 2023 increased to RMB 1,072,193,991.40 from RMB 940,310,039.15 in 2022, marking an increase of approximately 14%[8] - Revenue from smart meter chips decreased significantly from RMB 594,579,681.69 in 2022 to RMB 273,770,814.68 in 2023, a decline of about 54%[8] - The sales revenue from the non-volatile memory product line was approximately RMB 1.072 billion in 2023[26] - The sales revenue from the smart meter chip product line was approximately RMB 274 million in 2023[27] Future Plans and Strategies - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[4] - The company is focusing on expanding its product lines and entering new markets, particularly in the fields of electric vehicles and renewable energy[28] - The company is applying to issue A-share convertible bonds to raise up to RMB 2 billion for various development projects, including next-generation FPGA platforms and IoT chip development[46] - The group aims to enhance its competitive advantages in technology, service, quality, and brand in 2024, with plans to expand capacity and product application areas[53] - The group will continue to invest in R&D and strengthen its technological advantages through partnerships and innovation, focusing on cross-domain integrated innovation[53] Dividend and Shareholder Information - The company plans to distribute a cash dividend of RMB 1.00 per share, totaling RMB 81,906,040.00, which is 11.38% of the net profit attributable to shareholders for 2023[18] - The board proposed a final dividend of RMB 1.00 per 10 shares for the year ending December 31, 2023, totaling an expected cash distribution of RMB 81,906,040.00, down from RMB 110,248,627.50 in 2022[54] - The average weighted number of ordinary shares outstanding for the company was 816,735,532 in 2023[22] Compliance and Governance - The audit committee has reviewed the financial statements for the year ending December 31, 2023, confirming compliance with applicable accounting standards and sufficient disclosure[62] - The consolidated financial statements for the year ending December 31, 2023, have been verified by Ernst & Young Hua Ming LLP, confirming consistency with the reported figures[63] - The announcement does not constitute an audit under the standards set by the Hong Kong Institute of Certified Public Accountants, indicating no certification has been issued[63] - The board of directors includes executive directors Jiang Guoxing, Shi Lei, and Yu Jun, along with non-executive and independent non-executive directors[63]

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本公告的內容概 不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或 任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 上海復旦微電子集團股份有限公司 Shanghai Fudan Microelectronics Group Company Limited* (在中華人民共和國註冊成立的股份有限公司) (股份編號: 1385) 2023 年第三季度報告 上海復旦微電子集團股份有限公司(「本公司」或「公司」)董事會(「董事會」)欣然宣 佈，本公司及各附屬公司(「本集團」或「集團」)截至 2023 年 9 月 30 日止九個月按照 中國企業會計準則編製的之第三季度未經審計合併業績報告。 本公告乃根據香港法例第 571章證券及期貨條例第XIVA部項下內幕消息條文及香港聯合交易所有限公司證券上市規則第 13.09(2)和第 13.10B 條的要求而作出。 重要內容提示： 公司董事會、監事會及董事、監事、高級管理人員保證季度報告內容的真實、準確、完整，不 存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責 ...

Incentive Plans - The company granted 1,066,000 restricted shares under the 2021 A-share incentive plan on October 28, 2022, with performance assessment requirements for the years 2022 to 2024[3] - The 2018 equity incentive plan expired on February 13, 2022, and no domestic shares were granted under this plan in the 2022 fiscal year[7] Performance Assessment Requirements - The first vesting period requires a revenue increase of over 65% compared to 2020, and a gross profit increase of over 65% compared to 2020[4] - The second vesting period requires a revenue increase of over 90% compared to 2020, and a gross profit increase of over 90% compared to 2020[5] - The third vesting period requires a revenue increase of over 120% compared to 2020, and a gross profit increase of over 120% compared to 2020[5] - The personal performance assessment for incentive targets is categorized as "Qualified" or "Unqualified," with corresponding share allocation coefficients of 100% and 0% respectively[6] Financial Management - The company plans to utilize the remaining unspent funds from the 2022 fiscal year according to the previously disclosed usage plan and expected timeline[8]

(Stock Code: 1385) (a joint stock limited company incorporated in the People's Republic of China) 2023 INTERIM REPORT INTERIM REPORT 2023 中期報告 (股份代號: 1385) (在中華人民共和國註冊成立的股份有限公司) 2023 中期報 告 僅供識別 for identification only 目錄 頁次 主要會計數據及財務指標 2 管理層的討論及分析 4 財務報表 合併資產負債表（未經審核） 21 母公司資產負債表（未經審核） 23 合併利潤表（未經審核） 25 母公司利潤表（未經審核） 27 合併現金流量表（未經審核） 28 母公司現金流量表（未經審核） 30 合併所有者權益變動表（未經審核） 32 母公司所有者權益變動表（未經審核） 33 財務報表附註 34 其他資料 93 1 2023中期報告 主要會計數據及財務指標 上海復旦微電子集團股份有限公司（「本公司」或「公司」）董事會（「董事會」）欣然宣佈，本公司及各附屬公司（「本集 團」）截至2023年6月30日止半年 ...

Financial Performance - For the six months ended June 30, 2023, the company reported operating revenue of RMB 1.796 billion, an increase of 5.52% compared to the same period last year[4]. - The net profit attributable to shareholders was RMB 449.27 million, a decrease of approximately 15.32% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 415.00 million, down approximately 20.03% from the previous year[4]. - The comprehensive gross profit margin improved to 67.10%, an increase of 2.10 percentage points year-on-year[4]. - The group achieved a revenue of approximately RMB 1.796 billion in the first half of 2023, an increase of 5.52% compared to the same period last year[27]. - The net profit attributable to the parent company was approximately RMB 449 million, a decrease of 15.32% year-on-year[27]. - The company reported a gross profit margin of approximately 27.0% for the first half of 2023, compared to 33.0% in the same period of 2022[56]. - The total comprehensive income for the first half of 2023 is RMB 434,508,249.93, compared to a total of RMB 520,595,705.21 for the same period in 2022, indicating a decrease of about 16.5%[66]. Assets and Liabilities - The company's total assets as of June 30, 2023, were approximately RMB 78.43 billion, an increase of about 28.35% from the beginning of the reporting period[4]. - The total liabilities as of June 30, 2023, are RMB 2,275,203,690.15, compared to RMB 957,718,676.14 as of December 31, 2022, representing an increase of approximately 137.5%[53]. - The total equity attributable to shareholders as of June 30, 2023, is RMB 4,931,523,515.75, up from RMB 4,531,230,351.61 as of December 31, 2022, reflecting an increase of approximately 8.8%[53]. - The company's inventory at the end of the reporting period was valued at approximately RMB 2,848.25 million, representing 50.08% of total current assets[37]. - The total current assets as of June 30, 2023, amount to RMB 5,687,882,418.09, an increase from RMB 4,327,100,944.42 as of December 31, 2022, reflecting a growth of approximately 31.5%[52]. Research and Development - Research and development expenses for the first half of 2023 amounted to approximately RMB 588 million, a 47.54% increase compared to the same period last year[5]. - The group has established a multi-level R&D system, with a strong focus on product design and technology reserves for future market trends[21]. - The company continues to invest in R&D, talent development, and quality services to solidify its operational foundation and competitive advantages in the integrated circuit design sector[20]. - R&D investment during the reporting period was approximately RMB 588 million, accounting for 32.74% of the operating revenue[38]. Product Performance - The company maintained a strong product line, particularly in FPGA and non-volatile memory products, contributing to revenue growth[5]. - The sales revenue of the storage product line reached approximately RMB 588 million, an increase from RMB 487 million in 2022, reflecting a growth despite industry downturns[11]. - The FPGA product line achieved sales revenue of approximately RMB 586 million, up from RMB 378 million in 2022, showcasing strong market demand and technological advancements[14]. - The smart meter product line generated sales revenue of approximately RMB 113 million, down from RMB 276 million in 2022, indicating a need for strategic adjustments in this segment[12]. Market and Industry Trends - The semiconductor industry is currently in a downward cycle, but signs of recovery are emerging, particularly in high-end manufacturing and technology applications[7]. - The company is actively expanding its product applications in new areas, including anti-counterfeiting and automotive electronics, which have gained customer recognition[9]. - The company is actively developing high-performance industrial and automotive-grade products, enhancing its competitive edge in the storage product sector[16]. Cash Flow and Financing - Cash flow from operating activities showed a significant decline, with a net outflow of RMB 109,043.92 million compared to a net inflow of RMB 32,910.72 million in the previous year[40]. - The company raised a total of RMB 540 million from a public offering, with a net amount of RMB 507.6 million available for investment in integrated circuit testing and R&D projects[46]. - The company’s cash and cash equivalents decreased by 33.86% to RMB 78,757.69 million from RMB 119,082.83 million at the end of 2022[43]. Risk Factors - The company faces risks related to the slowdown in the integrated circuit industry and potential impacts from international trade environments[30][31]. - The company assesses credit risk on each balance sheet date, considering quantitative and qualitative analyses, external credit ratings, and forward-looking information[172]. - Significant increase in credit risk is determined by factors such as a rise in default probability exceeding a certain percentage and adverse changes in the debtor's financial condition[172]. Corporate Governance and Compliance - The financial statements have been prepared based on the going concern assumption, indicating no significant doubts about the company's ability to continue operations for the next 12 months[69]. - The company has implemented specific accounting policies and estimates tailored to its operational characteristics, particularly in areas such as financial instrument impairment and revenue recognition[70]. - The company holds a high-tech enterprise certificate valid for three years, allowing it to pay corporate income tax at a reduced rate of 15%[75].

Financial Performance - The company's operating revenue for Q1 2023 was approximately RMB 809.36 million, an increase of 4.33% compared to the same period last year[6]. - Net profit attributable to shareholders was approximately RMB 188.26 million, a decrease of 19.18% year-on-year[6]. - Total revenue for Q1 2023 reached RMB 809.36 million, a 4.5% increase from RMB 775.80 million in Q1 2022[18]. - Operating profit for Q1 2023 was RMB 208.31 million, down 13.3% from RMB 240.25 million in Q1 2022[18]. - Net profit attributable to shareholders for Q1 2023 was RMB 188.26 million, a decrease of 19.2% compared to RMB 232.93 million in Q1 2022[18]. - Basic earnings per share for Q1 2023 were RMB 0.23, down from RMB 0.29 in Q1 2022, a decrease of 20.7%[19]. Research and Development - R&D investment totaled RMB 286.90 million, representing a significant increase of 44.45% compared to the previous year[4]. - Research and development expenses increased to RMB 219.34 million in Q1 2023, up 30.1% from RMB 168.65 million in Q1 2022[18]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 695.42 million, reflecting a growth of 13.80% from the previous year[5]. - Total assets increased to RMB 6.95 billion in Q1 2023, up from RMB 6.11 billion in Q1 2022, reflecting a growth of 13.8%[17]. - Non-current liabilities rose to RMB 69.56 million in Q1 2023, compared to RMB 53.84 million in Q1 2022, marking an increase of 29.3%[17]. Cash Flow - Cash flow from operating activities was negative at RMB -524.98 million, primarily due to increased prepayments to suppliers and inventory buildup[9]. - Cash flow from operating activities showed a net outflow of RMB 524.98 million in Q1 2023, compared to a net inflow of RMB 178.01 million in Q1 2022[20]. - The company's cash inflow from investment activities was RMB 221.55 million in Q1 2023, compared to RMB 182.20 million in Q1 2022, an increase of 21.6%[20]. - Net cash flow from investing activities was -$294.34 million, a decrease from -$75.86 million in the previous period[22]. - Cash inflow from financing activities totaled $330.56 million, significantly up from $23.12 million year-over-year[22]. - The net increase in cash and cash equivalents was -$498.02 million, compared to an increase of $118.92 million in the prior year[22]. - The ending balance of cash and cash equivalents was $622.26 million, down from $534.68 million in the previous period[22]. Inventory and Shareholder Information - Inventory increased significantly from RMB 1,483,264,548.04 to RMB 2,283,583,401.62, reflecting a growth of approximately 53.9%[15]. - The total number of common shareholders at the end of the reporting period was 23,868, with the top ten shareholders holding a combined 68.71% of shares[10]. - The total number of A-share shareholders was 23,857, while H-share shareholders numbered 11[12]. - Hong Kong Central Clearing (Agent) Limited holds 284,204,990 shares, representing 34.80% of total shares[10]. - Shanghai Zhengben Enterprise Management Consulting Partnership (Limited Partnership) holds 52,167,270 shares, representing 6.39% of total shares[10]. - The company has a total of 109,620,000 shares held by Shanghai Fudan Fuxin Technology Holdings, accounting for 13.42%[10]. - As of March 31, 2023, 19,750,000 shares held by Shanghai Zhengben Enterprise Management Consulting Partnership were under judicial freeze[13]. Profitability Metrics - The gross profit margin for the reporting period was 66.77%, an increase of 3.18 percentage points year-on-year[6]. - The weighted average return on equity decreased by 3.09 percentage points to 4.06%[4]. - The company experienced an increase in credit impairment losses of approximately RMB 16.78 million due to higher accounts receivable balances[7].