Financial Performance - The company has not achieved profitability as of December 31, 2022, and has accumulated losses due to increased R&D investments to maintain a competitive edge in the smart chip market [3]. - The company reported a significant increase in revenue, reaching $1.5 billion, representing a 25% year-over-year growth [12]. - The company reported a net income of $300 million, a 15% increase compared to the previous year [12]. - The company's operating revenue for 2022 was ¥729,034,623.05, representing a year-on-year increase of 1.11% compared to ¥721,045,278.97 in 2021 [20]. - The net loss attributable to shareholders for 2022 was ¥1,256,562,522.00, an increase in loss of ¥431,613,100.00 compared to the previous year [21]. - The company reported a total revenue of 1.5 billion in 2022, representing a year-over-year growth of 15% [126]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming for $1.875 billion [121]. Research and Development - R&D expenses significantly increased compared to the previous year, including personnel costs, wafer costs, and depreciation of R&D equipment [3]. - The company invested $50 million in R&D for new technologies, focusing on edge computing and IoT solutions [12]. - The total R&D investment for the year was approximately ¥1.52 billion, representing a 34.11% increase from the previous year's ¥1.14 billion [60]. - R&D expenses accounted for 208.92% of operating revenue, an increase of 51.41 percentage points compared to the previous year [60]. - The company plans to continue increasing R&D investment to maintain a competitive edge in the market [24]. - The company plans to continue R&D investments to maintain technological advancement and market competitiveness, which may significantly impact operating results [73]. Market Expansion and Strategy - The company plans to continue expanding market share and accelerating the implementation of its technology innovations [3]. - The company is expanding its market presence in Europe, targeting a 15% market share by the end of the next fiscal year [12]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share within the next two years [121]. - The company aims to enhance market share and accelerate scene implementation while focusing on technological innovation and brand building [68]. - The company plans to leverage the "East Data West Computing" initiative to expand its intelligent computing cluster system business [72]. Product Development and Launches - New product launches included an AI chip that achieved 10 TOPS performance, enhancing processing capabilities for machine learning applications [12]. - The company launched new AI acceleration cards, MLU370-X8 and MLU370-M8, providing training performance of 24 TFLOPS and 32 TFLOPS respectively [33]. - The company has successfully completed compatibility adaptations for its SiYuan 370 chip with several leading internet companies, entering the mass sales phase [35]. - New product launches are expected to contribute an additional 200 million in revenue, with a focus on AI-driven technologies [122]. Financial Management and Cash Flow - The company maintains a good cash flow position to support ongoing R&D and daily operations in the near future [3]. - The net cash flow from operating activities decreased by ¥456,720,900.00, primarily due to increased personnel expenses and procurement costs [25]. - The company reported a net cash flow from operating activities of RMB 172.22 million in the fourth quarter, contrasting with negative cash flows in the previous three quarters [27]. - The company’s operating cash flow for the period was a net outflow of CNY 1,329,861.09 million, compared to a net outflow of CNY 873,140.20 million in the previous year [77]. Governance and Shareholder Relations - The board of directors has approved the profit distribution plan, which is pending approval from the shareholders' meeting [6]. - The company has established a fair and transparent performance evaluation mechanism for its board and management, linking compensation to company performance [112]. - The company emphasizes the protection of minority investors' rights, ensuring separate voting for significant matters that may affect their interests [183]. - The company has not faced any penalties from securities regulatory authorities in the past three years [131]. Environmental and Social Responsibility - The company has established a green management philosophy, implementing energy-saving measures and waste classification to enhance energy efficiency [168]. - The company has actively participated in social responsibility initiatives, including providing employment opportunities for people with disabilities [180]. - The company does not belong to high-pollution industries and has no significant environmental pollution activities [165]. Talent and Workforce - The company has a strong talent pool, with 79.49% of employees in R&D roles and 77.18% of R&D personnel holding master's degrees or higher [67]. - The company emphasizes employee training and development, offering various training programs to enhance skills and knowledge [150]. - The company has a total of 55 employees with doctoral degrees, showcasing a highly educated workforce [148].

2023 年第一季度报告 证券代码：688256 证券简称：寒武纪 中科寒武纪科技股份有限公司 2023 年第一季度报告 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人陈天石、主管会计工作负责人叶淏尹及会计机构负责人（会计主管人员）李振保证季 度报告中财务信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年 | | | --- | --- | --- | --- | | | | 同期增减变动幅 | | | | | 度(%) | | | 营业收入 | | 75,287,960.03 | 19.52 | | 归属于上市公司股东的净利润 | | -255,032,330.91 | 不适用 | | 归属于上市公司股东的扣除非 | ...

Financial Performance - As of December 31, 2021, the company has not achieved profitability, primarily due to significant R&D investments in complex computing chips[3]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the fiscal year, representing a 25% year-over-year growth[13]. - The company's operating revenue for 2021 was ¥721,045,278.97, representing a 57.12% increase compared to ¥458,927,330.67 in 2020[24]. - The net profit attributable to shareholders was a loss of ¥824,949,409.11, widening from a loss of ¥434,509,331.16 in the previous year[24]. - The company achieved significant growth in its edge product line, with revenue increasing by 741.10% year-over-year, driven by the successful sales of MLU220 chips and acceleration cards[25]. - The company reported a total of 285.8 million RMB in non-recurring gains for the current period, an increase from 224.2 million RMB in the previous year[30]. - The company’s operating expenses for 2021 were 1.60 billion yuan, with R&D and talent incentives comprising a significant portion of these costs[63]. - The company reported a significant increase in user data, with a year-over-year growth of 25% in active users[131]. - The company reported a net loss attributable to the parent company of -82,494,940.00 CNY, with losses expanding by 89.86% compared to the previous year[76]. Research and Development - R&D expenses increased significantly during the reporting period, reflecting the company's commitment to maintaining a technological edge in a competitive market[3]. - The company plans to invest $100 million in cloud infrastructure to support its growing user base and data processing needs[14]. - The company is investing $100 million in R&D for next-generation SoC technology, aiming to enhance integration and performance[16]. - The total R&D investment for the year reached approximately ¥1.14 billion, a 47.83% increase from the previous year, driven by a 24.03% increase in R&D personnel[54]. - The company has a strong R&D team, with 81.03% of employees engaged in R&D and 77.00% of R&D personnel holding a master's degree or higher[61]. - The company has developed a high-performance training software stack that supports major open-source frameworks, facilitating rapid model migration for users[34]. - The company has established a unified cloud-edge-end development environment, significantly improving cross-platform development efficiency[51]. - The company has developed virtualization software for its smart chips, enhancing resource utilization and providing good security and isolation[51]. Market Expansion and Strategy - The company plans to continue expanding market share, accelerating scene implementation, and focusing on technological innovation to enhance core competitiveness[3]. - The company is actively promoting market development and ecosystem construction to enhance brand effect and service quality[3]. - The company is expanding its market presence in Europe, targeting a 15% market share by the end of the next fiscal year[14]. - The company aims to enhance market development efforts and deepen industry customer relationships to accelerate revenue growth and mitigate the risk of continued losses[63]. - The company is focusing on market expansion in Southeast Asia, with plans to increase its presence by opening 50 new retail locations by the end of 2022[128]. - The company plans to enhance its product matrix to meet diverse customer needs and reduce customer concentration by capitalizing on the strategic opportunities presented by the integration of AI technology into traditional industries[67]. Talent and Incentives - The company is focused on attracting and retaining top talent to ensure a stable R&D team[3]. - The company has implemented an equity incentive plan that has led to a significant increase in share-based payment expenses during the reporting period[3]. - The talent system will be optimized, with a focus on attracting top R&D talent and implementing equity incentives for core personnel to align interests with shareholders[114]. - The average salary for R&D personnel is CNY 60.88 thousand, with total compensation of CNY 73,842.17 thousand[58]. Corporate Governance and Compliance - The company has established a comprehensive internal control system, ensuring compliance with relevant laws and regulations, and protecting the interests of shareholders[162]. - The company adheres strictly to laws and regulations regarding information disclosure, ensuring transparency and fairness in its communications with investors[184]. - The company has not faced any penalties from securities regulatory authorities in the past three years, reflecting compliance with regulations[137]. - The company has established a remuneration and assessment committee to oversee the remuneration policies for directors and senior management[135]. Environmental and Social Responsibility - The company does not belong to any heavily polluting industries and has no environmental pollution issues during its operations[167]. - The company has implemented measures to reduce carbon emissions, including energy-efficient equipment procurement and waste classification[170]. - The board of directors has approved the 2021 social responsibility report, emphasizing the company's commitment to ESG management[166]. Future Outlook - The company provided guidance for the next fiscal year, projecting revenue growth of 20% to $1.8 billion[14]. - The company has set a future outlook with a revenue guidance of $2 billion for the next fiscal year, indicating a growth of 20%[132]. - Continuous R&D investment will focus on upgrading the next generation of intelligent chip products and developing intelligent driving chips to align with the global automotive market's electrification and intelligence transformation[113].

2021 年年度报告 公司代码：688256 公司简称：寒武纪 中科寒武纪科技股份有限公司 2021 年年度报告 1 / 245 2021 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司上市时未盈利且尚未实现盈利 √是 □否 截至 2021 年 12 月 31 日，公司尚未实现盈利，主要系公司设计的复杂计算芯片需要持续大量 的研发投入所致。公司为确保智能芯片产品及基础系统软件平台的高质量迭代，在竞争激烈的市 场中保持技术领先优势，持续加大研发投入，积极引进优秀人才、保持公司研发团队稳定，报告 期内研发费用增长幅度较大。同时，公司 2020 年底及 2021 年实施的股权激励计划，导致本报告 期按归属期分摊的股份支付费用显著增加。此外，由于智能芯片的市场及下游应用场景正处于高 速发展阶段，公司积极发力市场推广及生态建设，向客户提供高质量的服务，积聚品牌效应，销 售费用有一定程度的增加。 研发投入和对人才的股权激励是立足于企业长远发展而进行的投入，是支撑企业未来发展 ...