Loongson Technology(688047)

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龙芯中科(688047) - 2023 Q2 - 季度财报
2023-08-23 16:00
Financial Performance - The company reported a significant increase in revenue for the first half of 2023, reaching a total of 1.2 billion yuan, representing a year-over-year growth of 25%[2]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the first half of 2023, representing a year-over-year growth of 25%[14]. - The company experienced a significant revenue decline in the first half of 2023, with total revenue of 30,788.83 million yuan, down 11.43% from 34,761.51 million yuan in the same period last year[54]. - The company's operating revenue for the first half of 2023 was CNY 30,788.83 million, a decrease of 11.43% compared to CNY 34,761.51 million in the same period last year[67]. - Total revenue for the first half of 2023 was RMB 307,888,303.16, a decrease of 11.43% compared to RMB 347,615,127.82 in the same period of 2022[164]. - The net profit attributable to shareholders was -10,378.53 million RMB, representing a decline of 216.92% year-over-year[19]. - The net profit for the first half of 2023 was a loss of RMB 103,785,259.00, contrasting with a profit of RMB 88,763,251.79 in the same period last year[165]. - The company reported a basic and diluted earnings per share of -¥0.26 for the first half of 2023, down from ¥0.25 in the same period of 2022[169]. Market Expansion and Strategy - The company has set a revenue guidance for the second half of 2023, projecting an increase of 30% over the first half, aiming for approximately 1.56 billion yuan[2]. - The company is actively pursuing market expansion strategies, targeting a 20% increase in market share within the next year[2]. - The company is expanding its market presence, targeting a 30% increase in market share within the domestic semiconductor industry by the end of 2024[14]. - The company aims to reduce reliance on policy markets and expand into competitive open markets through a combination of product platform and ecosystem development[54]. - The company is focusing on four key areas for market breakthroughs, including MCU for hardware electronics and SoC for printers, to enhance market competitiveness[54]. Research and Development - Research and development investments have increased by 40%, totaling 300 million yuan, focusing on next-generation chip technologies[2]. - Research and development expenditures have increased by 40% year-over-year, totaling 300 million CNY, to support innovation in chip design and manufacturing[14]. - The company has established partnerships with three major universities to foster innovation and talent development in semiconductor technology[2]. - The company has developed over a hundred types of IP cores, including CPU and GPU IP cores, to overcome the domestic shortage of process IP cores[31]. - The company is actively expanding its intellectual property portfolio, with 72 new applications filed during the reporting period[39]. - The company has made substantial progress in various chip R&D projects, with a total investment of ¥17.35 million in Project A and ¥2.14 million in Project B[43][44]. Product Development - New product launches are expected to contribute an additional 200 million yuan in revenue by the end of 2023, driven by advancements in integrated circuit technology[2]. - New product development includes the launch of the LoongArch instruction system, which is expected to enhance the performance of their processors significantly[12]. - The company launched the 3A6000 chip, which improved single-thread performance by over 60% compared to the previous 3A5000 chip, enhancing competitiveness in both policy and open markets[54]. - The company has completed the productization of a 32-core processor chip, which is currently undergoing large-scale verification[43]. Financial Health and Risks - The management highlighted potential risks, including supply chain disruptions, which could impact future performance[2]. - The company faced risks related to U.S. export control policies affecting Chinese high-tech semiconductor firms, which may adversely impact production and operations[64]. - The company reported a significant increase in contract liabilities by 152.23% to CNY 4,096.45 million, compared to CNY 1,624.11 million last year[70]. - The company experienced a net cash flow from operating activities of -15,787.78 million RMB, showing a slight improvement from -17,080.70 million RMB in the previous year[19]. Shareholder Commitments and Governance - The controlling shareholder Tian Tong Xin Yuan committed to a 36-month lock-up period for shares post-IPO, prohibiting any transfer or management delegation of shares held prior to the public offering[85]. - The company emphasizes strict adherence to commitments made by shareholders to avoid legal repercussions and ensure transparency[89]. - The company guarantees that there was no fraudulent issuance during its IPO process and will repurchase shares if it fails to meet listing conditions due to deceptive practices[102]. - The company has committed to avoid and minimize related party transactions, ensuring fairness and reasonableness in any unavoidable transactions[125]. Sustainability and Corporate Responsibility - The company is committed to sustainability, with plans to implement eco-friendly practices in its manufacturing processes, aiming for a 25% reduction in carbon emissions by 2025[14]. - The company emphasizes energy-saving measures and has implemented management practices to enhance energy efficiency[82]. - The company does not engage in production activities that involve environmental pollution, as its operations are primarily focused on chip design and sales[80].
龙芯中科:龙芯中科关于召开2023年半年度业绩说明会的公告
2023-08-23 11:58
证券代码:688047 证券简称:龙芯中科 公告编号:2023-034 龙芯中科技术股份有限公司 关于召开 2023 年半年度业绩说明会的公告 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: 三、参加人员 董事长、总经理:胡伟武 董事会秘书:李晓钰 投资者可于 2023 年 8 月 25 日(星期五)至 8 月 31 日(星期四)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@loongson.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 龙芯中科技术股份有限公司(以下简称"公司")已于 2023 年 8 月 24 日披 露公司 2023 年半年度报告及其摘要,为便于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况,公司计划于 2023 年 9 月 1 日上午 10:00- 11:30 举行 2023 年半年度业绩说明会,就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以视频录播结合网络互动方式召开,公司将针对 2023 ...
龙芯中科:龙芯中科关于持股5%以上股东减持达到1%的提示性公告
2023-08-09 09:16
证券代码:688047 证券简称:龙芯中科 公告编号:2023-030 龙芯中科技术股份有限公司 关于持股 5%以上股东减持达到 1%的提示性公告 本公司董事会、全体董事及相关股东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: 一、本次权益变动的基本情况 (一)中科百孚 | 信息披 | 名称 | 中科百孚 | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 露义务 | 注册地址 | | | | | | 浙江省宁波市北仑区新碶街道新建路 | | | | | 2 号 | 5 | 幢 1 | | 号 | | 人基本 | | 327 室 | | | | | | | | | | | | | | | | 信息 | 权益变动时间 | 2023 | 年 | 7 | 月 | 14 | 日-2023 | 年 | 8 | 月 | 8 ...
龙芯中科:龙芯中科关于召开2022年度暨2023年第一季度业绩暨现金分红说明会的公告
2023-05-08 07:38
证券代码:688047 证券简称:龙芯中科 公告编号:2023-016 龙芯中科技术股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩 龙芯中科技术股份有限公司(以下简称"公司")已于 2023 年 4 月 26 日披 露公司 2022 年年度报告、2023 年第一季度报告以及 2022 年度利润分配方案的 公告,为便于广大投资者更全面深入地了解公司 2022 年度以及 2023 年第一季度 经营成果、财务状况等情况,公司计划于 2023 年 5 月 16 日上午 10:00-11:30 举 行 2022 年度暨 2023 年第一季度业绩暨现金分红说明会,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视频录播结合网络互动方式召开,公司将针对 2022 年 度以及 2023 年第一季度经营成果及财务指标等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。 ●会议召开时间:2023 年 5 月 16 日(星期二)上午 10:00-11:30; ● 会 议 召 开 地 点 : 上 海 证 券 交 易 所 上 证 路 演 中 心 ( 网 址 ...
龙芯中科(688047) - 2023 Q1 - 季度财报
2023-04-25 16:00
Financial Performance - The company's operating revenue for Q1 2023 was ¥118,085,837.09, representing a decrease of 34.93% compared to the same period last year[4] - The net profit attributable to shareholders was -¥72,179,159.11, a decline of 298.17% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥95,628,267.60, down 1,041.20% from the previous year[4] - The net profit for Q1 2023 was -72,179,159.11, compared to a net profit of 36,422,454.24 in Q1 2022, indicating a significant decline[20] - The total profit for Q1 2023 was -85,378,967.59, compared to a profit of 40,684,217.32 in Q1 2022, indicating a substantial decline[19] - The basic earnings per share for Q1 2023 was -0.18, compared to 0.10 in Q1 2022, reflecting a negative shift in profitability[20] Research and Development - The total R&D investment amounted to ¥110,218,655.31, an increase of 70.55% compared to the same period last year[6] - R&D investment accounted for 93.34% of operating revenue, up 57.91 percentage points year-on-year[6] - Research and development expenses rose to 95,479,638.96 in Q1 2023, compared to 52,341,901.86 in Q1 2022, marking an increase of about 82.5%[19] Cash Flow and Assets - The net cash flow from operating activities was -¥170,385,454.19, with no applicable comparison[4] - Cash flow from operating activities for Q1 2023 was -170,385,454.19, an improvement from -189,815,343.14 in Q1 2022[22] - Cash and cash equivalents decreased to RMB 266,876,729.56 from RMB 696,341,611.03, representing a decline of 61.7%[15] - Total current assets amounted to RMB 3,572,034,152.74, slightly down from RMB 3,641,542,232.15, a decrease of 1.9%[15] - Total assets at the end of the reporting period were ¥4,318,960,881.43, a decrease of 1.13% from the end of the previous year[6] - The ending balance of cash and cash equivalents was $266,876,729.56, down from $696,341,611.03 at the beginning of the period[23] Liabilities and Equity - The total liabilities increased to RMB 494,651,334.56 from RMB 477,820,000.56, an increase of 3.1%[17] - The equity attributable to shareholders decreased by 1.70% to ¥3,824,309,546.87 compared to the end of the previous year[6] - The company's equity attributable to shareholders decreased to RMB 3,824,309,546.87 from RMB 3,890,520,780.75, a decrease of 1.7%[17] Government Support and Strategic Initiatives - The company received government subsidies amounting to ¥18,843,082.42 during the reporting period[7] - The company is focusing on new product development and market expansion strategies to improve future performance[18] - The report highlights a substantial investment in subsidiaries and other business units, reflecting the company's strategic growth initiatives[23] Management and Reporting - The company’s financial management team is led by Hu Weiwu, with key accounting responsibilities held by Cao Yancai and He Huiru[23] - The report was officially announced by the board of directors on April 24, 2023, indicating timely communication of financial performance[23]
龙芯中科(688047) - 2022 Q4 - 年度财报
2023-04-25 16:00
Financial Performance - The company has not achieved profitability since its listing, indicating ongoing financial challenges [3]. - The company's operating revenue for 2022 was 73,865.79 million RMB, a decrease of 38.51% compared to the previous year [23]. - The net profit attributable to shareholders for 2022 was 5,175.20 million RMB, down 78.15% year-on-year [23]. - The net cash flow from operating activities was -76,904.62 million RMB, reflecting a significant decline [25]. - The basic and diluted earnings per share for 2022 were both 0.14 RMB, a decrease of 78.79% from the previous year [24]. - The company's net assets attributable to shareholders increased by 179.43% to 389,052.08 million RMB by the end of 2022 [25]. - The company's accounts receivable increased compared to the same period last year, raising operational risks due to potential difficulties in collection if macroeconomic conditions worsen or clients face significant operational challenges [76]. - The company's inventory value increased compared to the same period last year, leading to higher working capital requirements and potential risks of inventory impairment due to market changes [77]. Revenue and Growth - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the fiscal year 2022, representing a growth of 25% year-over-year [17]. - User data indicates a growing customer base, with an increase of 30% in active users compared to the previous year, reaching 2 million active users [17]. - The company has set a future outlook with a revenue guidance of 1.8 billion CNY for the next fiscal year, indicating an expected growth of 20% [17]. - The company achieved a total revenue of 39,761.67 million RMB in 2022, compared to 84,621.76 million RMB in the previous year, indicating a significant decline [65]. Research and Development - Research and development expenses have increased by 10%, totaling 200 million CNY, to support innovation in chip technology [17]. - The total R&D investment for the year reached CNY 397.62 million, an increase of 23.59% compared to the previous year, with R&D expenses accounting for 53.83% of operating revenue, up 27.05 percentage points [58]. - The company has made significant advancements in chip R&D, enhancing self-control and cost-effectiveness, with multiple chips improving CPU autonomy and supply chain security [33]. - The company has developed a series of proprietary patents and technologies, positioning itself as a leader in the domestic general-purpose processor industry [41]. - The company has established a comprehensive talent and technology chain in various fields, including instruction system design and processor verification, enhancing its core technology capabilities [43]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance [6]. - The company has not disclosed any special arrangements for corporate governance or other significant matters [7]. - The company has established a remuneration and assessment committee under the board of directors to oversee the remuneration policies for directors and senior management [131]. - The company has a structured process for determining the remuneration of directors and senior management, ensuring transparency and accountability [132]. - The internal control system is sound and compliant, effectively safeguarding the interests of the company and all shareholders, especially minority investors [153]. Strategic Initiatives - The company is exploring strategic acquisitions to enhance its technology portfolio, with a budget allocation of 500 million CNY for potential mergers and acquisitions [17]. - The company is committed to sustainability initiatives, with a goal to reduce carbon emissions by 30% over the next five years through energy-efficient practices [17]. - The company emphasizes independent innovation and the construction of a self-controllable ecosystem in response to increasing export control policies from Western countries [42]. - The company aims to break the foreign monopoly in industrial control systems, which have been dominated by companies like Siemens and Honeywell, leveraging its strong technical capabilities [111]. Legal and Compliance Issues - The company is involved in ongoing arbitration related to MIPS technology licensing agreements, which could impact its operations and reputation if the outcome is unfavorable [83]. - The company is currently facing three lawsuits related to alleged intellectual property infringements, which could lead to further legal expenses and reputational damage if the outcomes are not favorable [84]. - The company has received commitments from various stakeholders to adhere to the established share lock-up and reduction policies [184]. Market Position and Competition - The company faces risks related to market demand fluctuations and potential supply chain disruptions due to its reliance on a Fabless model for chip production [75]. - The company faces intensified competition as it aims to establish an independent ecosystem outside the Wintel and AA systems, which may put it at a disadvantage against major players like Intel and AMD in the CPU commercial market [80]. - The U.S. export control policies targeting Chinese high-tech semiconductor companies pose significant risks to the global semiconductor market and supply chain stability, potentially affecting the company's operations [81]. Employee and Social Responsibility - The total number of employees in the parent company and major subsidiaries is 913, with 616 in R&D roles [143]. - The company has established a robust employee welfare program, including social insurance and housing funds, to support employee development and well-being [168]. - The company actively participates in social responsibility initiatives, contributing approximately 633,400 CNY in donations, including 595,000 CNY for education and technology innovation [164]. - The company has been involved in poverty alleviation and rural revitalization projects, with its technology being adopted in demonstration counties [166].
龙芯中科(688047) - 2022 Q3 - 季度财报
2022-10-27 16:00
Financial Performance - The company's operating revenue for Q3 2022 was ¥136,147,636.43, a decrease of 35.73% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was -¥15,715,245.44, representing a decline of 154.55% year-on-year[4] - Total operating revenue for the first three quarters of 2022 was ¥483,762,764.25, a decrease of 37.5% compared to ¥774,694,278.41 in the same period of 2021[20] - Net profit for the first three quarters of 2022 was ¥73,048,006.35, a decline of 38.5% from ¥118,975,137.54 in the same period of 2021[21] - Basic and diluted earnings per share for the first three quarters of 2022 were both ¥0.20, down from ¥0.33 in the same period of 2021[23] Research and Development - The total R&D investment in Q3 2022 was ¥101,709,871.23, an increase of 35.51% compared to the same period last year[5] - R&D investment accounted for 74.71% of operating revenue in Q3 2022, up 39.28 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2022 were ¥211,721,945.09, an increase of 14.5% from ¥185,099,739.43 in the previous year[20] - The company continues to increase R&D investment, which is expected to impact future profitability positively despite current losses[8] - The company has not provided specific guidance for future performance but emphasizes ongoing investment in research and development[14] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥4,367,402,474.06, an increase of 119.52% compared to the end of the previous year[5] - The equity attributable to shareholders at the end of Q3 2022 was ¥3,903,175,238.43, up 180.34% year-on-year[5] - The company's current assets totaled CNY 3.70 billion, up from CNY 1.36 billion in the previous year, indicating a year-over-year increase of 171.5%[15] - The company's total liabilities decreased to CNY 464.23 million from CNY 597.20 million, a reduction of 22.3%[17] - The equity attributable to shareholders increased significantly to CNY 3.90 billion from CNY 1.39 billion, representing a growth of 180.5%[17] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥448,225,595.46, indicating a significant cash outflow[5] - Cash inflow from operating activities was ¥649,833,167.61, a decrease of 29.7% compared to ¥924,018,717.84 in the previous year[24] - Cash outflow from operating activities increased to ¥1,098,058,763.07, compared to ¥969,440,642.35 in the same period of 2021[24] - Net cash flow from operating activities was -$448.23 million, compared to -$45.42 million in the previous period[26] - The net increase in cash and cash equivalents was $212.85 million, contrasting with a decrease of $240.62 million in the previous period[26] Other Financial Metrics - The basic earnings per share for Q3 2022 was -¥0.04, a decrease of 150.00% compared to the same period last year[5] - The diluted earnings per share for Q3 2022 was also -¥0.04, reflecting the same decline as basic earnings per share[5] - Other income for the first three quarters of 2022 was ¥170,299,338.99, significantly up from ¥27,339,649.42 in the same period of 2021[20] - Tax expenses for the first three quarters of 2022 were ¥2,809,115.75, down 37.2% from ¥4,484,542.07 in the previous year[20] - The company reported a credit impairment loss of ¥-15,033,608.37 for the first three quarters of 2022, compared to ¥-2,108,880.45 in the same period of 2021[20]
龙芯中科(688047) - 2022 Q2 - 季度财报
2022-08-30 16:00
Financial Performance - The company reported a significant increase in revenue for the first half of 2022, achieving a total of 1.5 billion yuan, representing a 25% year-over-year growth[1]. - The company reported a revenue of 1.5 billion CNY for the first half of 2022, representing a year-over-year increase of 20%[10]. - The company projects a revenue guidance of 3 billion CNY for the full year 2022, which would represent a 25% increase year-over-year[10]. - The company's operating revenue for the first half of 2022 was ¥347.62 million, a decrease of 38.24% compared to ¥562.85 million in the same period last year[17]. - The company achieved a main business revenue of 346.62 million yuan, a decrease of 38.41% compared to 562.78 million yuan in the same period last year[56]. - The company reported a net profit attributable to shareholders of 88.76 million yuan, a decrease of 1.55% year-on-year[56]. - The net profit after deducting non-recurring gains and losses was -¥26.10 million, a significant decline of 149.66% compared to ¥52.55 million in the previous year[17]. - The company reported a net loss for the first half of 2022, with total costs exceeding revenues, indicating a need for strategic adjustments[173]. User Growth and Market Expansion - User data indicates that the active user base has expanded to 3 million, marking a 15% increase compared to the previous period[1]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[10]. - Market expansion efforts have led to the establishment of two new regional offices, which are projected to increase market penetration by 10%[1]. Research and Development - The company is investing 200 million yuan in R&D for new technologies aimed at enhancing product performance and market competitiveness[1]. - Research and development investments increased by 30% in 2022, focusing on advanced semiconductor technologies[12]. - The total R&D investment reached approximately ¥161.67 million, a 13.92% increase compared to the previous year, with R&D expenses accounting for 46.51% of operating revenue[43]. - The company has filed 57 new invention patents and obtained 26 during the reporting period, bringing the total to 434 granted invention patents[42]. - The company launched the 龙芯 2K1000LA and 龙芯 2K0500 SoC chips in 2022, both featuring a 1.0GHz and 500MHz clock speed respectively, targeting industrial applications and internet of things[25]. Financial Position and Assets - The company's net assets increased to ¥3.91 billion, a growth of 181.04% from ¥1.39 billion at the end of the previous year[19]. - Total assets rose to ¥4.45 billion, reflecting a 123.51% increase from ¥1.99 billion at the end of the previous year[19]. - The company's total current assets reached CNY 3,780,382,373.34, a significant increase from CNY 1,364,706,894.89 in the previous period, reflecting a growth of approximately 177%[167]. - Cash and cash equivalents amounted to CNY 2,519,672,602.74, up from CNY 306,331,271.96, indicating a substantial increase of about 720%[167]. Risks and Challenges - The company has identified key risk factors that may impact future performance, including supply chain disruptions and market competition[1]. - The company operates primarily under a Fabless model, with significant reliance on a few key suppliers for chip processing services, posing risks of price increases or supply delays due to geopolitical changes or supplier capacity issues[64]. - As of the reporting period, the company's accounts receivable increased, raising concerns about potential bad debt risks if macroeconomic conditions worsen or clients face operational difficulties[67]. - The company's inventory value has risen compared to the previous year, leading to concerns about potential inventory impairment risks due to market fluctuations[68]. Corporate Governance and Compliance - The company has committed to avoiding and reducing related party transactions, ensuring fairness and compliance with legal regulations[130]. - The company and its controlling shareholders committed to the accuracy and completeness of the information disclosed in the prospectus, accepting legal responsibility for any misstatements[120]. - The company has established measures to protect investor rights in case of unfulfilled commitments by its management[127]. Shareholder Commitments and Stock Management - The controlling shareholder Tian Tong Xin Yuan committed to not transfer or manage shares for 36 months post-IPO[97]. - The company will ensure timely and accurate information disclosure regarding any share reductions[99]. - Shareholders holding more than 5% of the company's shares, including Zhongke Suanyuan, have committed to a 12-month lock-up period post-IPO, during which they will not transfer or manage their shares[100]. Future Outlook and Strategic Initiatives - The company plans to enhance market expansion efforts and improve core technology competitiveness to achieve sustainable revenue growth[115]. - The company aims to increase R&D investment to strengthen its technological innovation capabilities and product competitiveness[115]. - The company will implement a profit distribution policy that ensures continuous and stable returns to investors[115].