Financial Performance - The company's operating revenue for Q1 2025 was ¥124,955,396.95, representing a 4.13% increase compared to ¥119,997,881.69 in the same period last year[3] - The net profit attributable to shareholders was -¥151,280,445.14, a significant decline from -¥74,808,468.70 year-on-year[3] - Total operating revenue for Q1 2025 was CNY 124,955,396.95, an increase of 4.0% compared to CNY 119,997,881.69 in Q1 2024[16] - Net loss for Q1 2025 was CNY -151,280,445.14, compared to a net loss of CNY -74,808,468.70 in Q1 2024, representing a deterioration of 102.0%[17] - Basic and diluted earnings per share for Q1 2025 were both CNY -0.38, compared to CNY -0.19 in Q1 2024[17] Research and Development - Research and development (R&D) expenses totaled ¥134,952,519.79, marking a 35.22% increase from ¥99,803,642.73 in the previous year[3] - The ratio of R&D expenses to operating revenue increased by 24.83 percentage points to 108.00%[4] - R&D expenses in Q1 2025 reached CNY 122,346,703.13, a significant increase of 44.6% compared to CNY 84,575,382.20 in Q1 2024[16] - The company reported development expenditures of CNY 130,817,379.03, an increase from CNY 118,211,562.37, indicating a growth of approximately 11%[12] - The company continues to focus on R&D and market expansion strategies despite the financial losses reported[16] Cash Flow and Liquidity - The net cash flow from operating activities was -¥143,594,192.40, a substantial decrease from -¥8,728,297.90 in the previous year[3] - In Q1 2025, the cash inflow from operating activities was $127,233,539.39, a decrease of 46.8% compared to $239,153,280.38 in Q1 2024[19] - The net cash flow from operating activities in Q1 2025 was -$143,594,192.40, worsening from -$8,728,297.90 in Q1 2024[19] - The cash outflow from financing activities in Q1 2025 was $1,045,030.59, compared to $99,733,198.82 in Q1 2024, indicating a reduction in financing outflows[20] - The ending balance of cash and cash equivalents as of Q1 2025 was $298,335,490.02, down from $494,824,167.21 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,307,606,193.04, down 5.43% from ¥3,497,483,392.20 at the end of the previous year[4] - Total liabilities decreased to CNY 516,521,637.74 from CNY 561,086,316.99, a reduction of 7.9%[14] - The equity attributable to shareholders decreased by 4.95% to ¥2,791,084,555.30 from ¥2,936,397,075.21[4] - Total equity attributable to shareholders decreased to CNY 2,791,084,555.30 from CNY 2,936,397,075.21, a decline of 4.9%[14] Shareholder Information - The total number of common shareholders at the end of the reporting period was 18,322[8] - The company has no significant changes in the top 10 shareholders or their participation in margin trading[10] Operational Status - The company has not disclosed any new strategies or market expansions during the reporting period[11] - There are no significant reminders or additional important information regarding the company's operational status during the reporting period[11] - The company did not report any new product developments or market expansions during the conference call[21] Sales and Costs - Total operating costs for Q1 2025 were CNY 245,292,507.98, up 17.0% from CNY 209,571,643.10 in Q1 2024[16] - The company reported a significant decrease in cash received from sales of goods and services, totaling $104,053,571.87 in Q1 2025, compared to $140,020,130.89 in Q1 2024, a decline of 25.7%[19] - The cash paid for goods and services in Q1 2025 was $123,261,994.63, an increase from $93,026,108.47 in Q1 2024, reflecting a rise of 32.5%[19]

Financial Performance - The company has not achieved profitability since its listing[3]. - The company achieved operating revenue of 50,425.72 million RMB, which is a slight decrease of 0.28% compared to the previous year[24]. - The net profit attributable to shareholders was -62,534.71 million RMB, a decline of 29,590.73 million RMB year-on-year[24]. - The basic and diluted earnings per share were both -1.56 RMB, down 0.74 RMB from the same period last year[24]. - The weighted average return on equity was -19.29%, a decrease of 10.45 percentage points compared to the previous year[22]. - The company's net assets attributable to shareholders decreased by 17.26% to 293,639.71 million RMB compared to the beginning of the year[24]. - The total assets decreased by 14.95% to 349,748.34 million RMB compared to the beginning of the year[24]. - The cash flow from operating activities was -33,501.01 million RMB, indicating a negative cash flow situation[24]. - The company reported a significant increase in the revenue share of information technology chips, which contributed to the overall cost structure change[121]. - The company reported a net profit margin of 12% for Q3 2023, an improvement from 10% in the previous quarter[163]. Research and Development - The company is investing heavily in R&D, allocating 15% of its annual revenue to develop next-generation chips and technologies[15]. - Research and development expenses accounted for 105.34% of operating revenue, an increase of 1.87 percentage points year-on-year[22]. - R&D expenses totaled 531 million RMB, constituting 105.34% of the company's revenue during the reporting period, indicating a high level of investment in innovation[102]. - The company has developed the LongArch instruction system and has full control over CPU IP core source code, enhancing its independence from foreign technology[57]. - The company has made significant advancements in high-performance CPU and GPU design capabilities, enhancing its competitive edge in the market[87]. - The company has established a complete basic software technology system based on the Loongson architecture, including operating systems and key software modules[88]. - The company has developed multiple product solutions based on the Loongson series chips, including PC, server, and cloud terminal products, achieving significant shipment status[19]. - The company is committed to independent R&D, forming a unique CPU ecosystem that is independent of X86 and ARM architectures[87]. Market Expansion and Strategy - For the upcoming fiscal year, Loongson Technology projects a revenue growth target of 30%, driven by new product launches and market expansion strategies[15]. - Loongson Technology plans to enter new markets, including Europe and Southeast Asia, aiming for a 20% market share in these regions by 2025[15]. - The company is actively expanding into new industries such as energy, transportation, and manufacturing, showing positive growth trends despite challenges in the traditional industrial control market[37]. - The company is considering strategic acquisitions to enhance its technology portfolio, with a budget of 500 million RMB allocated for potential deals[166]. - The company plans to focus on the recovery of the electronic government market in the second half of 2024 to drive revenue growth[110]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has declared that there are no violations of decision-making procedures regarding external guarantees[7]. - The company emphasizes the importance of risk factors as outlined in the management discussion and analysis section[3]. - The company has established a transparent performance evaluation and incentive mechanism for its board members and senior management to attract and retain talent[157]. - The company ensures compliance with legal regulations in its governance structure, maintaining independence from its controlling shareholders[158]. Sustainability and ESG - Loongson Technology is committed to sustainability, with plans to reduce its carbon footprint by 50% by 2030 through energy-efficient technologies[15]. - The company is committed to ESG management, achieving a BBB rating from Shanghai Huazheng Index Information Service Co., Ltd. for the year[190]. - The company emphasizes energy-saving and efficiency improvement through its office management practices[193]. - The company promotes a culture of green and low-carbon practices among its employees[193]. Talent and Workforce - The total number of employees in the parent company and major subsidiaries is 940, with 641 in R&D roles, representing approximately 68% of the workforce[178]. - The company has a total of 63 employees with doctoral degrees and 320 with master's degrees, highlighting a strong educational background among its workforce[178]. - The number of R&D personnel increased to 641, accounting for 68.19% of the total workforce, with an average salary of 50.07 thousand RMB[86]. - The average salary of R&D personnel increased from 49.13 thousand RMB to 50.07 thousand RMB year-on-year[86]. Financial Management - The company plans not to distribute cash dividends for the fiscal year 2024 and will not increase capital reserves or issue bonus shares[5]. - The company has established a comprehensive salary management system, combining fixed and variable compensation to ensure employee rights and incentives[179]. - The total pre-tax remuneration for the reporting period received by the board members and senior management amounted to CNY 1,055.28 million[161]. - The company has recognized impairment provisions for assets, impacting net profit and increasing losses during the reporting period[94]. Audit and Compliance - The company received a standard unqualified audit report from Zhongxinghua Accounting Firm[4]. - The company received a standard unqualified opinion in the internal control audit report for 2024, confirming the effectiveness of its internal controls[188]. - The company has not identified any significant internal control deficiencies during the reporting period[187]. - No penalties from securities regulatory agencies were reported in the last three years[169].

电子行业今日下跌1.47%，全天主力资金净流出66.21亿元，该行业所属的个股共461只，今日上涨的有 45只，涨停的有2只；下跌的有413只。以资金流向数据进行统计，该行业资金净流入的个股有105只， 其中，净流入资金超千万元的有21只，净流入资金居首的是西陇科学，今日净流入资金2.74亿元，紧随 其后的是立昂微、龙芯中科，净流入资金分别为8102.06万元、3108.68万元。电子行业资金净流出个股 中，资金净流出超亿元的有18只，净流出资金居前的有中芯国际、胜宏科技、沪电股份，净流出资金分 别为3.34亿元、1.96亿元、1.87亿元。（数据宝） 电子行业资金流入榜 沪指4月24日上涨0.03%，申万所属行业中，今日上涨的有10个，涨幅居前的行业为美容护理、银行， 涨幅分别为1.61%、1.16%。跌幅居前的行业为计算机、通信，跌幅分别为2.36%、2.08%。电子行业位 居今日跌幅榜第三。 资金面上看，两市主力资金全天净流出333.60亿元，今日有6个行业主力资金净流入，公用事业行业主 力资金净流入规模居首，该行业今日上涨1.08%，全天净流入资金13.24亿元，其次是医药生物行业，日 涨幅为0.25 ...

Investment Rating - The report maintains a "Recommended" rating for the industry, indicating a positive outlook for the sector's fundamentals and expected performance relative to the benchmark index [3]. Core Insights - The report emphasizes the increasing importance of self-controllable technology in the context of ongoing US-China trade tensions, suggesting that domestic CPU processors and related chips may gain price advantages due to tariff impacts on US manufacturers [1][19]. - The report highlights significant changes in tariff rates, with the US imposing additional tariffs on Chinese products, which have reached 145%, and China responding with increased tariffs on US imports, now at 125% [9][10]. - The report suggests that the adjustment of the "origin" regulations for integrated circuits in China will significantly impact US IDM manufacturers, potentially benefiting domestic companies in the semiconductor industry [11][19]. Summary by Sections Section 1: US-China Trade Tensions - The report details the escalation of trade tensions, with multiple rounds of tariff increases from both the US and China, affecting various sectors, particularly technology [9][10]. - It notes that the US has confirmed a 145% tariff on Chinese products, while China has raised tariffs on US imports to 125% [9][10]. Section 2: Market Performance Review - The computer sector experienced a decline of 5.79% in the second week of April 2025, with notable stock performances from companies like Sifang Precision and Huada Jiutian, which saw increases of 21.38% and 17.24%, respectively [20][21]. - The report provides a detailed ranking of stock performance, highlighting both the top gainers and losers in the sector [21]. Section 3: Key Company Forecasts - The report includes earnings per share (EPS) forecasts for several key companies, indicating expected growth in the coming years, with companies like Kingsoft Office and Yonyou Network showing varying EPS projections [22]. - It emphasizes the importance of monitoring these companies as potential investment opportunities in light of the changing market dynamics [22].

Investment Rating - The report maintains a "Recommended" rating for the computer industry [1]. Core Viewpoints - The "reciprocal tariff" policy is expected to further impact the global industrial landscape, accelerating China's technological self-reliance and self-control process, with positive prospects for the development of domestic software and hardware markets [7][9]. - The implementation of "reciprocal tariffs" by the U.S. is leading to increased tariffs on Chinese imports, which may result in a shift towards domestic alternatives in software and hardware sectors [24]. Summary by Sections Tariff Impact Overview - The U.S. has enacted "reciprocal tariffs," which may accelerate China's self-reliance process in technology [13]. - The tariffs imposed by the U.S. include a 34% increase on all imports from the U.S. to China, which is expected to raise the costs of imported software and hardware products, thus promoting a shift towards domestic alternatives [24]. Software Impact - The trend towards model autonomy remains unchanged, with significant potential for self-replacement in foundational and industrial software [7]. - China's large model industry is rapidly catching up, with domestic models like DeepSeek and Qwen continuously improving their capabilities [7]. Hardware Impact - The domestic chip industry is expected to accelerate, with significant growth potential in domestic computing power [8]. - In 2024, NVIDIA and Intel's revenues in China were $17.1 billion and $15.5 billion respectively, while domestic CPU and GPU manufacturers are increasingly competitive [8]. Investment Recommendations - The report suggests that the "reciprocal tariff" policy will influence the global industrial structure and accelerate China's technological self-reliance, maintaining a "Recommended" rating for the computer industry [9]. Related Targets - Key software companies include China Software, Taiji, and DaMeng Data, while hardware targets include Haiguang Information, Inspur, and Huawei [10][11].

每经记者 赵李南 每经编辑 马子卿 4月9日，A股上市公司密集披露应对美国关税政策的公告。 宸展光电坦言关税对产业链冲击广泛，但公司已经通过泰国、墨西哥等海外生产基地进行布局。光弘科 技宣布收购法国企业AC公司，加速墨西哥、欧洲、非洲产能落地。同时，多家上市公司开启"护盘模 式"，大蓝筹股美的集团、中远海控等已经开始入场回购。 宸展光电等多家公司披露海外布局情况 宸展光电（SZ003019，股价26.38元，市值46.08亿元）称，本次关税加征属全球性事件，对产业中几乎 所有参与者皆有影响。据此，评估本事件对公司影响时，需将竞争对手生产地被课征的关税率纳入综合 考虑。宸展光电表示，从2024年开始公司已在泰国建设生产基地，并在年底前量产。据悉，宸展光电出 口至美国的产品，已有70%由泰国生产，因泰国被课征的关税率相对较低，在整个竞争环境中，公司受 影响程度相对低。此外，通过泰国出货的商品入关美国时所发生的关税主要是由进口商（客户端）支 付。 江丰电子（SZ300666，股价68.71元，市值182.31亿元）表示，2024年公司出口美国的产品收入占公司 总营业收入的比例约为1.19%，占比较低。因此，本次美国 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688047 证券简称：龙芯中科 公告编号：2025-004 龙芯中科技术股份有限公司 关于近期关税相关政策对公司影响的自愿性披露公告 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。 近日，美国政府宣布实施"对等关税"政策，对全球贸易伙伴加征关税，引发市场高度关注。龙芯中科技 术股份有限公司（以下简称"公司"）持续关注全球贸易政策，经公司初步评估，本次美国加征关税，对 公司无负面影响。 目前公司各项业务稳步推进，经营及财务情况正常，基于2022-2024年三年转型的成果，新一代产品性 价比竞争力提升，公司正在进入新一轮的可持续增长周期。 公司将持续关注和跟进后续事件的发展情况，进一步分析和评估对公司的潜在影响，并持续与各相关方 进行沟通，做好各项应对工作。同时，公司将严格遵守相关规则，及时履行信息披露义务，敬请广大投 资者注意投资风险。 特此公告。 龙芯中科技术股份有限公司董事会 2025年4月10日 一、公司坚持基于自主指令系统构建独立于X86体系和ARM体系的 ...

证券代码：688047 证券简称：龙芯中科 公告编号：2025-004 龙芯中科技术股份有限公司 关于近期关税相关政策对公司影响的自愿性披露公告 特此公告。 龙芯中科技术股份有限公司董事会 2025 年 4 月 10 日 二、截至目前，公司无来自美国的收入，本次美国加征关税，对公司无负面 影响。 目前公司各项业务稳步推进，经营及财务情况正常，基于 2022-2024 年三 年转型的成果，新一代产品性价比竞争力提升，公司正在进入新一轮的可持续 增长周期。 公司将持续关注和跟进后续事件的发展情况，进一步分析和评估对公司的 潜在影响，并持续与各相关方进行沟通，做好各项应对工作。同时，公司将严 格遵守相关规则，及时履行信息披露义务，敬请广大投资者注意投资风险。 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。 近日，美国政府宣布实施"对等关税"政策，对全球贸易伙伴加征关税，引 发市场高度关注。龙芯中科技术股份有限公司（以下简称"公司"）持续关注全 球贸易政策，经公司初步评估，本次美国加征关税，对公司无负面影响。 一、公司坚持基于自主 ...

龙芯中科：公司不依赖国外技术授权 从芯片研发、生产到软件生态三个环节提高自主可控度 《科创板日报》9日讯，龙芯中科(688047.SH)公告称，公司持续关注全球贸易政策，初步评估美国加征 关税对公司无负面影响。公司坚持自主指令系统LoongArch，不依赖国外技术授权，从芯片研发、生产 到软件生态三个环节提高自主可控度。目前公司无来自美国的收入，各项业务稳步推进，经营及财务情 况正常。公司将持续关注事件发展，分析潜在影响，并及时履行信息披露义务。 ...