Chipsea(SH:688595)2023-04-28 16:00Financial Performance - In Q1 2023, the company's revenue was CNY 61,659,280.95, a decrease of 58.60% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 48,954,819.46, representing a decline of 4,944.49% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 57,813,231.67, down 11,947.80% year-on-year[5]. - The basic and diluted earnings per share were both CNY -0.34, a significant decrease compared to the previous year[6]. - Total operating revenue for Q1 2023 was CNY 61,659,280.95, a decrease of 58.7% compared to CNY 148,930,282.07 in Q1 2022[19]. - Net loss for Q1 2023 was CNY 48,929,970.33, compared to a net profit of CNY 909,392.69 in Q1 2022[20]. - Basic and diluted earnings per share for Q1 2023 were both CNY -0.34, compared to CNY 0.01 in Q1 2022[21]. Research and Development - R&D expenses totaled CNY 50,899,379.15, accounting for 82.55% of revenue, an increase of 52.42 percentage points year-on-year[6]. - Research and development expenses increased to CNY 50,899,379.15 in Q1 2023, up from CNY 44,874,856.68 in Q1 2022, reflecting a growth of 13.5%[20]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 1,648,443,432.63, a decrease of 3.07% from the end of the previous year[6]. - Total assets as of Q1 2023 were CNY 1,648,443,432.63, a decrease from CNY 1,700,729,056.95 in the previous year[18]. - Total liabilities for Q1 2023 were CNY 582,983,313.75, down from CNY 603,655,609.42 in Q1 2022[18]. - The total liabilities stood at 578,405,206.19 RMB, with current liabilities totaling 238,734,303.44 RMB[29]. - Total liabilities amounted to $603.66 million, a slight decrease from $606.06 million in the previous period, reflecting a change of approximately 0.07%[30]. Cash Flow - The company reported a net cash flow from operating activities of CNY -47,338,653.33, indicating a negative cash flow situation[5]. - The company's cash flow from operating activities showed a significant decline, impacting overall liquidity[22]. - In Q1 2023, the net cash flow from operating activities was -47,338,653.33 RMB, compared to -39,623,311.31 RMB in Q1 2022, indicating a decline of approximately 19.4% year-over-year[24]. - Total cash inflow from investment activities was 94,226,530.78 RMB, while cash outflow was 15,918,115.31 RMB, resulting in a net cash flow from investment activities of 78,308,415.47 RMB, a significant recovery from -25,140,797.52 RMB in the previous year[25]. - The company reported a net increase in cash and cash equivalents of 26,037,120.88 RMB in Q1 2023, contrasting with a decrease of -66,306,710.01 RMB in Q1 2022[25]. Market Conditions - The overall market demand for the semiconductor industry remained weak, continuing the trend from the second half of 2022[6]. - The company plans to focus on market expansion and new product development to improve future performance[22]. Strategic Focus - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the report[14]. - The company is actively managing its cash flow, as evidenced by the strategic adjustments in its operating and investment activities[25]. - The company is focusing on expanding its investment activities, as indicated by the significant cash inflow from investment activities in Q1 2023[25]. Accounting and Reporting - The company has adjusted its accounting policies in accordance with the new accounting standards effective from January 1, 2023, impacting the financial statements[26]. - There are no indications of any financing or margin trading activities by the major shareholders[13]. - The company has not reported any significant mergers or acquisitions during the quarter[14].