寒武纪(688256) - 2021 Q1 - 季度财报

Financial Performance - The company reported a total revenue of RMB 36,131,025.54 for Q1 2021, representing a 212.75% increase compared to RMB 11,552,641.24 in the same period last year[5]. - The gross profit for the period was RMB 15,939,200, an increase of 99.05% from RMB 7,145,860 in the previous year, primarily driven by significant sales growth in edge AI chips and accelerator cards[5]. - The net loss attributable to shareholders was RMB -205,592,433.45, worsening from RMB -108,357,584.64 year-on-year, mainly due to increased R&D expenditures[5]. - Operating income surged by 212.75% to ¥36,131,025.54 from ¥11,552,641.24, driven by growth in smart chip and accelerator card businesses[14]. - The net loss for Q1 2021 was RMB 205,592,433.45, compared to a net loss of RMB 108,357,584.64 in Q1 2020, indicating a worsening of about 90%[27]. - Basic and diluted earnings per share for Q1 2021 were both -0.51, compared to -0.30 in Q1 2020, showing a decline in performance[28]. Research and Development - R&D expenses accounted for 540.49% of revenue, a decrease of 501.34 percentage points compared to 1,041.83% in the previous year[4]. - Research and development expenses rose by 62.25% to ¥195,284,588.59 from ¥120,359,233.31, mainly due to an increase in R&D personnel and related investments[15]. - The company anticipates continued losses for the year due to ongoing large-scale R&D investments[16]. Cash Flow and Liquidity - The net cash flow from operating activities was RMB -284,791,691.24, compared to RMB -127,664,689.05 in the same period last year[4]. - Cash inflow from operating activities totaled 46,708,601.76 CNY in Q1 2021, down from 73,768,410.89 CNY in Q1 2020[33]. - Cash outflow from operating activities reached 331,500,293.00 CNY, compared to 201,433,099.94 CNY in the previous year[34]. - The company's cash and cash equivalents decreased by 61.30% to ¥1,886,595,851.94 from ¥4,875,288,355.88 due to the investment in financial products[11]. Assets and Liabilities - The company’s total assets decreased by 3.50% to RMB 7,053,612,664.89 from RMB 7,309,528,671.66 at the end of the previous year[4]. - Total liabilities decreased from 878,027,439.09 to 792,010,330.06, a reduction of approximately 9.8%[20]. - Total assets decreased from 7,267,324,075.52 to 7,028,995,133.18, a decline of about 3.3%[23]. - Current liabilities decreased from 400,574,213.32 to 246,918,600.54, a decrease of approximately 38.3%[20]. Shareholder Information - The total number of shareholders at the end of the reporting period was 20,641, with the top ten shareholders holding significant stakes[7]. - The largest shareholder, Chen Tian Shi, held 29.87% of the shares, totaling 119,497,756 shares[7]. Government Support - The company received government subsidies amounting to RMB 28,042,315.77 during the reporting period[6]. Other Financial Metrics - The weighted average return on equity was -3.24%, a decrease of 0.72 percentage points from -2.52% in the previous year[4]. - The total comprehensive income for Q1 2021 was -108,084,493.95 CNY, a decrease from -38,449,439.58 CNY in Q1 2020[32]. - The company reported a significant increase in sales expenses, which rose to RMB 11,414,144.22 in Q1 2021 from RMB 5,098,964.63 in Q1 2020, reflecting an increase of approximately 124%[25].