JINGJIA MICRO(300474)2025-04-24 07:25Financial Performance - The company's revenue for Q1 2025 was ¥102,458,287.79, a decrease of 5.46% compared to ¥108,379,019.23 in the same period last year[4] - The net profit attributable to shareholders was -¥54,850,234.44, representing a decline of 375.50% from -¥11,535,163.86 year-over-year[4] - Total operating revenue decreased to ¥102,458,287.79 from ¥108,379,019.23, a decline of approximately 7.5% year-over-year[24] - Net profit for the period was a loss of ¥54,850,234.44, compared to a loss of ¥11,535,163.86 in the previous period, indicating a significant deterioration in profitability[25] - Basic and diluted earnings per share were both -¥0.10, compared to -¥0.03 in the previous period[26] Cash Flow - The net cash flow from operating activities improved by 53.22%, reaching -¥42,224,330.36 compared to -¥90,256,846.22 in Q1 2024[4] - Operating cash inflow totaled 173,257,050.20 in the previous period[28] - Operating cash outflow reached 263,513,896.42 last period[29] - Net cash flow from operating activities was -90,256,846.22 in the prior period[29] - Investment cash outflow amounted to 22,552,680.35 in the previous period[29] - Net cash flow from investment activities was -5,877,564.67 last period[29] - Financing cash inflow was 548,771.17, a decrease from 548,771.17, contrasting with a positive 3,899,471,591.75, compared to $1,007,960,238.69 in the previous period[29] - The company’s cash flow situation reflects a significant decrease in both operating and investment activities, indicating potential challenges ahead[29] Assets and Liabilities - The company's total assets decreased by 0.88% to ¥7,498,246,975.16 from ¥7,564,814,255.72 at the end of the previous year[4] - Total assets decreased to ¥7,498,246,975.16 from ¥7,564,814,255.72, a reduction of approximately 0.9%[22] - Total liabilities decreased to ¥477,238,162.59 from ¥494,494,399.24, a decline of about 3.5%[22] - Non-current liabilities increased to ¥107,981,300.47 from ¥84,271,263.75, an increase of approximately 28.2%[22] Operating Costs and Expenses - The company's operating costs increased by 69.18% to ¥69,293,154.54, primarily due to rising material costs[12] - Total operating costs increased to ¥168,747,701.75 from ¥144,205,418.99, representing an increase of about 17.0% year-over-year[24] - Research and development expenses were ¥69,847,399.29, slightly down from ¥70,286,523.55, indicating a stable investment in innovation[25] - Other income decreased significantly to ¥5,132,271.95 from ¥18,581,265.83, reflecting challenges in generating additional revenue streams[25] - The company reported a significant increase in credit impairment losses, amounting to -¥3,750,117.02 compared to a gain of ¥8,714,643.25 in the previous period[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 98,115, with the largest shareholder holding 25.54% of the shares[14] Research and Development - In Q1 2025, the company invested CNY 69.8474 million in R&D, accounting for 68.17% of its operating revenue[18] - The company is focusing on GPU development, targeting applications in artificial intelligence, and has successfully developed the Jinghong series of high-performance intelligent computing modules and systems[17] - The JM11 series graphics processing chips are designed for cloud applications and high-performance rendering scenarios, supporting various operating systems and enhancing virtualization capabilities[17] - The company aims to expand its market presence by continuously investing in R&D and optimizing its product and technology layout[16] Strategic Initiatives - The company is undergoing internal management reforms to improve efficiency and strengthen internal controls, implementing a low-cost strategy to enhance product competitiveness[18] - The company has established a strong commitment to customer-centric development and continuous improvement in its operational strategies[16] - The company is actively pursuing external technical collaborations to enhance its product offerings and strengthen its industry position[17] Prepaid Accounts - The company reported a significant increase in prepaid accounts by 63.21%, totaling ¥29,836,031.98, due to increased advance payments during the reporting period[10]