2021-05-13 16:00Financial Performance - In Q1 2021, the company's revenue reached RMB 7.29 billion, a 9.3% increase quarter-over-quarter, and a 13.9% increase year-over-year[5] - The net profit attributable to shareholders for Q1 2021 was RMB 1.03 billion, a 136.4% increase compared to the same period last year[8] - The company's cash flow from operating activities in Q1 2021 was RMB 3.38 billion, a significant increase of 120.7% compared to Q1 2020[8] - The company's operating revenue for Q1 2021 was RMB 7,291,961 thousand, representing a 13.9% increase compared to RMB 6,401,136 thousand in Q1 2020[22] - Operating profit for Q1 2021 was 920,554, up 105.5% from 448,713 in Q1 2020[30] - Net profit for Q1 2021 reached 753,058, an increase of 116.5% compared to 347,968 in Q1 2020[31] - Total comprehensive income for the period was 1,474,385, compared to 874,927 in Q1 2020, reflecting a growth of 68.7%[31] Revenue and Sales - The total revenue from wafer sales in Q1 2021 was significantly influenced by the smartphone segment, accounting for 35.2% of wafer revenue, down from 48.3% in Q1 2020[11] - The proportion of revenue from consumer electronics was 20.4% in Q1 2021, consistent with 20.2% in Q4 2020[11] - Revenue from sales of goods and services amounted to 8,051,761, up 9.0% from 7,386,733 in the same period last year[32] Cost and Expenses - The gross margin for Q1 2021 was 27.0%, reflecting a quarter-over-quarter increase of 5.5 percentage points[5] - The company's R&D expenditure as a percentage of revenue was 13.9%, down 4.2 percentage points from the previous year[8] - Research and development expenses for Q1 2021 were 1,015,562, down from 1,159,277, suggesting a focus on cost management[30] - Total operating costs decreased to -6,499,382 from -6,610,697, reflecting a reduction of 1.7% year-over-year[30] Investments and Capital Expenditures - Capital expenditures for Q1 2021 were approximately RMB 3.5 billion, with a total planned capital expenditure of RMB 28.1 billion for the year, primarily for expanding mature processes[7] - The company reported a net cash outflow from investing activities of -6,645,745, an improvement from -12,408,923 in the previous year[33] Shareholder Information - The total number of shareholders reached 373,044 by the end of the reporting period[15] - The company's shareholding structure shows that HKSCC NOMINEES LIMITED holds 54.22% of the shares, indicating a significant foreign investment presence[16] - As of the end of the reporting period, the total number of registered shareholders was 373,044, with 360,167 A-share holders and 12,877 Hong Kong stock holders[19] Financial Position - The company's total net assets at the end of Q1 2021 were CNY 100,781,383,000, an increase from CNY 99,128,037,000 at the end of the previous year[13] - Total liabilities decreased to 56,599,237 from 62,965,701, indicating improved financial health[29] - The company's equity increased to 145,626,179 from 141,635,953, reflecting a solid capital position[29] Future Outlook - The company expects Q2 2021 revenue to grow by 17% to 19% quarter-over-quarter, with a gross margin forecasted between 22% and 25%[6] - The company anticipates that its performance in the first half of 2021 will exceed previous expectations, despite facing uncertainties due to being placed on the U.S. Entity List[5]