寒武纪(688256) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥120,541,234.02, representing a 284.59% increase compared to the same period last year[2] - Total operating revenue for the first three quarters of 2024 reached ¥185,306,577.18, an increase from ¥145,810,791.32 in the same period of 2023, representing a growth of approximately 27%[17] - The company reported a net loss of ¥727,912,046.15 for the first three quarters of 2024, an improvement from a loss of ¥831,041,680.06 in the same period of 2023[17] - The total profit (loss) for the first three quarters of 2024 was -CNY 728,262,087.22, an improvement from -CNY 830,616,314.38 in the same period of 2023[18] - The net loss attributable to shareholders of the parent company for the first three quarters of 2024 was -CNY 724,491,743.66, compared to -CNY 807,734,092.59 in 2023, indicating a reduction in losses[18] Expenses and Costs - Research and development expenses totaled ¥211,570,437.75 for the quarter, a decrease of 9.91% year-on-year, and accounted for 175.52% of operating revenue, down 573.77 percentage points[3] - Research and development expenses for the first three quarters of 2024 amounted to ¥659,046,400.91, a decrease from ¥717,399,523.60 in 2023, reflecting a reduction of approximately 8.1%[17] - Total operating costs for the first three quarters of 2024 were ¥1,029,072,771.42, compared to ¥987,829,458.88 in 2023, indicating an increase of about 4.2%[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,094,803,451.46, a decrease of 5.04% from the end of the previous year[3] - Non-current assets totaled ¥837,524,435.13 as of September 30, 2024, up from ¥770,519,254.20 at the end of 2023, marking an increase of about 8.7%[16] - Total liabilities increased to ¥948,156,132.43 as of September 30, 2024, compared to ¥688,507,033.01 at the end of 2023, representing a growth of approximately 37.7%[16] - The company's total assets decreased to ¥6,094,803,451.46 as of September 30, 2024, down from ¥6,418,036,122.33 at the end of 2023, a decline of about 5%[16] - The company’s equity attributable to shareholders decreased to ¥5,138,268,117.21 as of September 30, 2024, from ¥5,649,838,776.60 at the end of 2023, indicating a decline of approximately 9%[16] Cash Flow - The company reported a negative cash flow from operating activities of -¥1,178,491,408.15 for the quarter, primarily due to increased procurement expenses[5] - The net cash flow from operating activities for the first three quarters of 2024 was -CNY 1,809,711,668.38, worsening from -CNY 524,110,846.76 in 2023[19] - The company reported a significant increase in cash outflow for purchasing goods and services, totaling CNY 1,888,928,541.73 in 2024 compared to CNY 277,030,860.44 in 2023[19] - Investment activities generated a net cash outflow of -CNY 1,209,046,472.37 in the first three quarters of 2024, an improvement from -CNY 1,838,059,333.27 in 2023[20] - The company received CNY 5,105,000,000.00 from investment recoveries in 2024, compared to CNY 4,815,000,000.00 in 2023, indicating a positive trend in investment recoveries[19] Shareholder Information - The total equity attributable to shareholders was ¥5,138,268,117.21, down 9.05% from the previous year[3] - The number of common shareholders at the end of the reporting period was 26,469[6] - The top shareholder, Chen Tianshi, holds 119,530,650 shares, representing 28.69% of the total shares[9] - The company has initiated a share repurchase plan with a budget between RMB 20 million and RMB 40 million, with a maximum repurchase price of RMB 297.77 per share[11][12] - The company has not yet implemented the share repurchase as of September 30, 2024[12] Inventory and Receivables - Inventory has increased to RMB 1,015,163,283.49 compared to RMB 99,401,068.16 previously[13] - The company’s accounts receivable decreased slightly to RMB 605,052,156.47 from RMB 643,921,052.59[13] - The company’s prepayments increased significantly to RMB 854,380,528.90 from RMB 147,897,255.53[13] Strategic Adjustments - The company has adjusted its strategy, leading to a reduction in R&D expenses and a focus on projects with higher expected gross margins[5] - The company has not disclosed any new product or technology developments in the current report[10] - The company has not reported any new product launches or significant market expansions during this period[17]