| A 股证券代码：688385 | 证券简称：复旦微电 | 公告编号：2024-061 | | --- | --- | --- | | 港股证券代码：01385 | 证券简称：上海复旦 | | 上海复旦微电子集团股份有限公司 关于召开 2024 年第三季度业绩说明会公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 上海复旦微电子集团股份有限公司（以下简称"公司"、"复旦微电"）于 2024 年 10 月 31 日披露公司 2024 年第三季度报告。为便于广大投资者更全面 深入地了解公司报告期内的经营成果、财务状况，公司计划于 2024 年 11 月 7 日下午 16:00-17:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进 行交流。 一、说明会类型 本次投资者说明会以网络文字互动方式召开，公司将针对 2024 年第三季度 经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允 许的范围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 会议召开时间：202 ...

Financial Performance - The company's revenue for Q3 2024 was approximately 889.55 million RMB, a decrease of 5.55% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2024 was approximately 79.15 million RMB, down 60.60% year-on-year[4]. - The cumulative revenue from January to September 2024 was approximately 2.684 billion RMB, a decrease of 1.99% compared to the same period last year[3]. - The cumulative net profit attributable to shareholders from January to September 2024 was approximately 427.24 million RMB, a decrease of 34.29% year-on-year[3]. - The gross profit margin for the product lines decreased from 64.58% to 55.05% year-on-year[4]. - The net profit attributable to shareholders decreased by 60.60% in the current reporting period[8]. - The net profit attributable to shareholders for the year-to-date period decreased by 34.29% due to intense market competition and declining product sales prices[8]. - The basic earnings per share for the current period dropped by 60.00%[8]. - The diluted earnings per share for the current period decreased by 58.33%[8]. - The company's net profit for the first three quarters was impacted by increased financial expenses, which rose to CNY 30,912,304.13 from CNY 5,339,727.34[20]. - The net profit for Q3 2024 was CNY 410,937,493.42, a decrease of 38% compared to CNY 663,928,750.13 in Q3 2023[22]. - The total comprehensive income for Q3 2024 was CNY 410,707,235.92, down from CNY 665,640,026.72 in the same period last year[23]. - Basic earnings per share for Q3 2024 were CNY 0.52, compared to CNY 0.80 in Q3 2023, reflecting a decline of 35%[23]. Research and Development - R&D expenses for Q3 2024 totaled approximately 301.68 million RMB, accounting for 33.91% of revenue, an increase of 3.12 percentage points year-on-year[3]. - The company is facing challenges due to increased R&D expenses and a decline in comprehensive gross profit margin[8]. - Research and development expenses reached CNY 803,837,831.02, an increase of 6.1% compared to CNY 757,831,871.78 in the prior year[20]. Assets and Liabilities - The company's total assets as of the end of Q3 2024 were approximately 88.42 billion RMB, an increase of 5.12% from the end of the previous year[3]. - Total assets amounted to CNY 8,841,772,247.60, an increase from CNY 8,411,350,886.39, representing a growth of 5.1%[19]. - Total liabilities increased to CNY 2,500,835,885.21 from CNY 2,449,649,077.25, marking a rise of 2.1%[19]. Cash Flow and Investments - Cash and cash equivalents decreased to CNY 723,801,076.42 from CNY 1,003,337,496.96, a decline of 27.8%[17]. - Accounts receivable rose significantly to CNY 1,489,881,836.30, up 60.2% from CNY 929,619,309.54[17]. - Inventory increased slightly to CNY 3,219,853,349.45, compared to CNY 3,177,370,636.58, reflecting a growth of 1.3%[17]. - The company reported a decrease in cash flow from operating activities, indicating potential liquidity challenges moving forward[20]. - Cash flow from operating activities for the first three quarters of 2024 was CNY 115,359,903.56, a significant improvement from a negative cash flow of CNY -1,102,588,369.69 in the same period last year[25]. - Cash inflow from investment activities in Q3 2024 was CNY 765,352,925.37, compared to CNY 626,636,738.23 in Q3 2023, indicating a 22% increase[25]. - The company reported a net cash outflow from investment activities of CNY -506,311,590.08 for Q3 2024, worsening from CNY -378,716,377.86 in Q3 2023[25]. - Total cash and cash equivalents at the end of Q3 2024 were CNY 703,756,076.42, down from CNY 727,223,855.98 at the end of Q3 2023[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,083[9]. - The largest shareholder, Hong Kong Central Clearing Limited, holds 284,196,830 shares, accounting for 34.70% of total shares[9]. - The second largest shareholder, Shanghai Fudan Microelectronics Group Co., Ltd., holds 109,620,000 shares, representing 13.38%[9]. Market Competition - The company faced intense competition in the market, leading to adjustments in product pricing and a decline in overall gross margin[5]. - The company has reported a 59.77% decrease in net profit after deducting non-recurring gains and losses for the current period[8].

Revenue Estimates - For the period from January 1, 2024, to September 30, 2024, the estimated revenue is expected to be between RMB 2,660 million and RMB 2,700 million, representing a year-on-year decrease of 2.85% to 1.39%[2]. - The previous year's revenue was RMB 2,738 million, and the net profit attributable to the parent company was RMB 650 million[2]. Profit Estimates - The estimated net profit attributable to the parent company is expected to be between RMB 400 million and RMB 450 million, reflecting a year-on-year decrease of 38.48% to 30.78%[2]. - The estimated net profit attributable to the parent company after deducting non-recurring gains and losses is expected to be between RMB 370 million and RMB 400 million, indicating a year-on-year decrease of 38.69% to 33.72%[2]. Factors Affecting Performance - The decline in revenue and profit is attributed to intense market competition, price adjustments, and changes in product mix, leading to a decrease in overall gross margin[3]. - R&D expenses have increased due to ongoing product and technology iterations and a diversified supplier base[3]. Forecast Accuracy - The company has not identified any significant uncertainties affecting the accuracy of this earnings forecast[4]. - The data provided is preliminary and subject to change, with the final figures to be disclosed in the official Q3 2024 report[5].

Financial Performance - The company's operating revenue for the first half of 2024 was approximately RMB 1.79 billion, a decrease of 0.12% compared to the same period in 2023[6]. - Net profit attributable to shareholders for the first half of 2024 was approximately RMB 348.09 million, a decrease of about 22.52% year-on-year[6]. - The comprehensive gross profit margin for the first half of 2024 was 56.49%, a decrease of 10.61 percentage points year-on-year[6]. - In the first half of 2024, the company achieved operating revenue of approximately RMB 1.794 billion, remaining basically flat year-on-year[24]. - Net profit attributable to shareholders was approximately RMB 348 million, a year-on-year decrease of 22.52%[24]. - The total comprehensive income for the first half of 2024 was RMB 339.89 million, down from RMB 465.87 million in the same period of 2023[46]. - The company reported a total profit of RMB 344.11 million, a decline of 26.2% from RMB 466.54 million in the previous year[45]. - The net profit for the first half of 2024 was RMB 339,684,234.43, a decrease of approximately 26.8% compared to RMB 463,997,407.12 in the same period of 2023[149]. Cash Flow and Liquidity - The net cash flow from operating activities turned positive at approximately RMB 127.13 million, compared to a negative cash flow of RMB 1.09 billion in the same period last year[7]. - Operating cash inflow for the first half of 2024 reached RMB 1,662,628,490.28, a significant increase from RMB 1,374,897,125.25 in the same period of 2023, representing a growth of approximately 21%[48]. - Cash inflow from investment activities totaled RMB 280,950,996.16, compared to RMB 48,757,854.90 in the previous year, indicating a substantial increase[50]. - Cash outflow for investment activities was RMB 605,566,029.33, up from RMB 356,171,193.91 in the first half of 2023, reflecting increased investment efforts[50]. - The ending cash and cash equivalents balance was RMB 782,322,362.59, compared to RMB 735,798,694.21 at the end of the first half of 2023, showing a slight increase[50]. - The company's cash and cash equivalents decreased to RMB 813,008,807.03, down from RMB 1,003,337,496.96 as of December 31, 2023, representing a decrease of approximately 19%[68]. Research and Development - Research and development expenses accounted for 33.31% of operating revenue, compared to 32.74% in the previous year[6]. - The company invested RMB 598 million in R&D during the reporting period, accounting for 33.31% of total revenue, highlighting a strong commitment to innovation[18]. - R&D expenses totaled RMB 540,299,186.90 for the first half of 2024, a slight increase of 2.6% from RMB 527,603,643.01 in the same period of 2023[133]. - The company has developed a new generation of NFC technology and achieved breakthroughs in UHF RFID tag chips, enhancing its competitive edge in the security and identification chip market[13]. - 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]. Market and Product Performance - The semiconductor industry showed signs of recovery, with a reported 28.9% year-on-year increase in integrated circuit product output[8]. - The sales revenue from the security and identification product line was approximately RMB 370 million, down from RMB 410 million in 2023[9]. - The non-volatile memory product line achieved sales revenue of approximately RMB 599 million, slightly up from RMB 588 million in 2023[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 growth[11]. - The FPGA product line generated sales revenue of approximately RMB 553 million, slightly down from RMB 586 million in 2023, indicating a stable market presence despite a minor decline[12]. 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[7]. - The net assets attributable to shareholders increased to approximately RMB 55.99 billion, reflecting a growth of about 5.59% from the beginning of the reporting period[7]. - The company's inventory at the end of the reporting period was valued at approximately RMB 3.23 billion, representing 52.83% of total current assets[34]. - Total liabilities as of June 30, 2024, amounted to RMB 2,425,161,836.52, a slight decrease from RMB 2,449,649,077.25 as of December 31, 2023, representing a reduction of approximately 1%[42]. - Total equity attributable to shareholders increased to RMB 5,599,365,612.23 from RMB 5,302,976,177.60, reflecting a growth of about 5.6%[42]. Risk Factors - The company faces risks related to the slowdown in the integrated circuit industry and potential impacts from international trade environments[27][28]. - The company is focusing on improving its cash flow management by reducing outstanding receivables and increasing the efficiency of collections[84]. - The company faces market risks including interest rate risk and foreign exchange risk, but the impact of foreign exchange fluctuations is considered minimal due to operations primarily in RMB[174]. Corporate Governance and Compliance - The company has established a comprehensive quality control system and has received multiple management system certifications, enhancing its market credibility[20]. - The company continues to adhere to the accounting standards set forth by the Ministry of Finance, ensuring the accuracy and completeness of its financial reporting[62]. - The company has obtained high-tech enterprise certification, allowing it to pay a reduced corporate income tax rate of 15% for 2023[67].

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].

一、本次募集资金基本情况 根据中国证券监督管理委员会于 2021 年 6 月 1 日出具的《关于同意上海复 旦微电子集团股份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕 1874 号），同意公司首次公开发行股票的注册申请。公司本次向社会公开发行人 民币普通股 12,000.00 万股，每股发行价格为人民币 6.23 元，募集资金总额为人 民币 74,760.00 万元；扣除发行费用后实际募集资金净额为人民币 68,028.28 万 元。天健会计师事务所（特殊普通合伙）于 2021 年 7 月 30 日对本次发行的资金 到位情况进行了审验，并出具了天健验〔2021〕6-70 号《验资报告》。 为规范公司募集资金管理和使用，保护投资者权益，公司设立了相关募集资 金专项账户。募集资金到账后，已全部存放于募集资金专项账户内，公司已与保 荐人中信建投证券股份有限公司及存放募集资金的商业银行签订了《募集资金专 户存储三方监管协议》。《募集资金专户存储三方监管协议》对发行人、保荐人及 存放募集资金的商业银行的相关责任和义务进行了详细约定。详细情况请参见公 司已于 2021 年 8 月 3 日披露于上海证券交易 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2024, achieving a total of 1.2 billion RMB, representing a 25% year-over-year growth[1]. - The company reported a revenue of approximately CNY 1.79 billion for the first half of 2024, a decrease of 0.12% compared to the same period last year[15]. - Net profit attributable to shareholders was approximately CNY 348.09 million, down 22.52% year-on-year[15]. - The gross profit margin decreased by 10.61 percentage points to 56.49% compared to the previous year[17]. - The net cash flow from operating activities turned positive at approximately CNY 127.13 million, compared to a negative cash flow in the previous year[17]. - The company achieved a total R&D investment of CNY 59,768.73 million, representing a 1.62% increase compared to the previous year[27]. - The company reported a total comprehensive income of CNY 339,891,123.81 for the first half of 2024[124]. - The net profit for the first half of 2024 was approximately ¥339.68 million, down from ¥463.99 million in the same period of 2023, reflecting a decrease of about 26.7%[113]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2025[1]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on advanced integrated circuits and semiconductor technologies[1]. - The company is actively expanding into new markets, including wireless charging and automotive sectors, with successful product launches[43]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the semiconductor industry[1]. - A new strategic partnership was announced with a leading technology firm, expected to enhance product offerings and market reach[1]. Research and Development - Research and development investments increased by 30% to 150 million RMB, aimed at enhancing product innovation and technology advancements[1]. - Research and development expenses accounted for 33.31% of revenue, an increase of 0.57 percentage points year-on-year[16]. - The company has established a multi-level R&D system, focusing on integrated circuit design and development, with a diverse product line[40]. - R&D personnel increased to 1,123, representing 55.76% of the total workforce, with total R&D compensation reaching 38,205.14 million[38]. - The company is advancing the development of next-generation FPGA and PSoC products based on 1xnm FinFET technology for various high-performance applications[22]. Product Lines and Innovations - The company's security and identification product line has expanded into new application areas, achieving recognition for new products such as ultra-high frequency EPC tags and anti-counterfeiting security chips[21]. - The non-volatile memory product line has seen growth in shipment volume and sales, with a focus on high-performance industrial and automotive products[21]. - The smart meter product line includes a range of MCU chips, with embedded storage capacities from 64KB to 1MB, widely used in smart metering applications[21]. - The company is a leading player in the FPGA field, having developed billion-gate FPGAs and heterogeneous programmable SoC chips, targeting applications in AI and 5G communications[22]. - The company has completed ISO26262 certification for multiple products, enhancing its market competitiveness in automotive applications[32]. Financial Position and Assets - Total assets as of June 30, 2024, were approximately CNY 8.67 billion, an increase of 3.03% from the beginning of the period[17]. - Net assets attributable to shareholders increased by 5.59% to approximately CNY 5.60 billion[17]. - The company's accounts receivable reached approximately 140,271.64 million RMB, accounting for 85.34% of total revenue, highlighting potential risks related to collection[46]. - Inventory at the end of the reporting period was valued at approximately 323,174.30 million RMB, which is 52.83% of total current assets, with a provision for inventory impairment of about 27,154.77 million RMB, or 7.75% of the inventory value[47]. - The company's long-term borrowings decreased by 32.74% to approximately 35,651.55 million RMB, reflecting a shift of some long-term debt to current liabilities[50]. Risks and Challenges - The company has identified key risk factors, including supply chain disruptions and market volatility, which may impact future performance[1]. - The company faces risks related to high supplier concentration and fluctuations in raw material prices, which could directly impact profitability[45]. - The decline in net profit was primarily due to decreased product sales prices and adjustments in product mix[17]. Corporate Governance and Compliance - The board confirmed that there are no significant governance issues affecting the integrity of the financial report[1]. - The company confirmed compliance with the conditions for issuance and listing, with no significant facts concealed or false information fabricated in the prospectus[72]. - The company has committed to ensuring that any share transfers by core technical personnel do not exceed 25% of their total holdings during the first four years post-IPO[80]. Environmental and Social Responsibility - The company has established an environmental protection mechanism[67]. - The company implemented carbon reduction measures, achieving a reduction of 20.59 tons of CO2 equivalent emissions[68]. - The company is not classified as a key pollutant discharge unit by environmental protection authorities[67].

Financial Performance - The company's revenue for Q1 2024 was approximately 892.74 million RMB, representing a year-on-year increase of 10.30%[6] - The net profit attributable to shareholders for Q1 2024 was approximately 161.25 million RMB, a decrease of 14.35% compared to the same period last year[6] - The gross margin for the product lines in Q1 2024 was 56.65%, down from 66.77% in the same period last year, but up by 6.98 percentage points from Q4 2023[7] - The company reported a diluted earnings per share of 0.20 RMB, a decrease of 13.04% compared to the same period last year[6] - The company's operating profit for Q1 2024 was approximately ¥174.99 million, a decrease from ¥208.31 million in Q1 2023, representing a decline of about 16.0%[21] - Net profit for Q1 2024 was approximately ¥158.35 million, down from ¥194.53 million in Q1 2023, reflecting a decrease of around 18.6%[21] - Basic and diluted earnings per share for Q1 2024 were both ¥0.20, compared to ¥0.23 in Q1 2023, indicating a decline of approximately 13.0%[23] - The company reported a total comprehensive income attributable to the parent company of approximately ¥161.28 million in Q1 2024, down from ¥188.27 million in Q1 2023, reflecting a decrease of about 14.4%[21] Research and Development - The R&D expenditure for Q1 2024 totaled approximately 288.20 million RMB, accounting for 32.28% of the revenue, a decrease of 3.17 percentage points year-on-year[6] - The company plans to continue investing in R&D to enhance product offerings and meet diverse application needs, with R&D expenses increasing by approximately 25.96 million RMB year-on-year[7] - Research and development expenses increased to ¥245,299,852.18 in Q1 2024, compared to ¥219,344,606.32 in Q1 2023, reflecting a growth of 11.8%[20] Assets and Liabilities - The total assets at the end of Q1 2024 were approximately 8.50 billion RMB, an increase of 1.01% from the end of the previous year[6] - Non-current assets totaled ¥2,599,423,185.88, an increase from ¥2,474,067,215.53 in the previous year[19] - Total liabilities amounted to ¥2,360,948,827.13, down from ¥2,449,649,077.25 in the previous year, indicating a decrease of 3.6%[19] - The company's total assets increased to ¥8,495,933,812.48 from ¥8,411,350,886.39, representing a growth of 1.0%[19] - The company’s total equity increased to ¥6,134,984,985.35 from ¥5,961,701,809.14, reflecting a growth of 2.9%[19] Cash Flow - The cash flow from operating activities for Q1 2024 was approximately 10.58 million RMB, with no year-on-year comparison available[4] - Cash flow from operating activities for Q1 2024 was ¥10.58 million, a significant improvement from a negative cash flow of ¥524.98 million in Q1 2023[25] - Total cash inflow from operating activities in Q1 2024 was approximately ¥775.99 million, compared to ¥641.00 million in Q1 2023, marking an increase of about 20.9%[24] - Cash outflow from operating activities in Q1 2024 was approximately ¥765.41 million, down from ¥1.17 billion in Q1 2023, showing a reduction of about 34.3%[25] - Cash flow from investing activities in Q1 2024 was negative at approximately -¥236.55 million, an improvement from -¥294.34 million in Q1 2023[25] - Cash flow from financing activities in Q1 2024 was negative at approximately -¥24.29 million, compared to a positive cash flow of ¥323.23 million in Q1 2023[25] - The ending cash and cash equivalents balance for Q1 2024 was approximately ¥740.56 million, an increase from ¥622.26 million at the end of Q1 2023[25] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders is 27,057, with the largest shareholder holding 34.7% of shares[11] - The top ten shareholders hold a combined total of 55.5% of the shares, indicating a significant concentration of ownership[12] - The total number of A-share shareholders is 27,043, while H-share shareholders number 14[13] - The company has 39,182,011 shares under judicial freeze, which may impact liquidity and shareholder rights[13] Inventory and Receivables - The company’s inventory stands at approximately ¥3.21 billion, showing a slight increase from ¥3.18 billion[17] - Accounts receivable increased to approximately ¥1.19 billion, up from ¥929.62 million, reflecting a growth of about 27.8% year-over-year[17] - The total current assets amount to approximately ¥5.90 billion, slightly down from ¥5.94 billion, indicating a decrease of about 0.7%[17] Market and Future Plans - The company experienced a significant increase in revenue from smart meter chips, which grew by 95.74% year-on-year, totaling approximately 92 million RMB[7] - Revenue from the FPGA and other products increased by 23.25% year-on-year, reaching approximately 281 million RMB[7] - The company plans to expand its market presence and invest in new technologies, although specific figures were not disclosed in this report[20] - The company is in the process of applying for the issuance of convertible bonds, pending approval from the China Securities Regulatory Commission[16] Operating Costs - Total operating costs for Q1 2024 were ¥739,701,625.41, up 26.7% from ¥583,615,423.54 in Q1 2023[20]

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]