TECHSEM(300046)2024-04-16 10:31Financial Performance - The company's revenue for Q1 2024 was ¥79,041,829.97, representing a slight increase of 0.32% compared to ¥78,792,441.69 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥19,249,487.64, a significant decrease of 260.76% from a profit of ¥11,973,957.56 in the previous year[5] - The net profit for Q1 2024 was a loss of CNY 19,524,059.57, compared to a profit of CNY 11,668,150.58 in the same period last year, indicating a significant decline[29] - The company reported a decrease in comprehensive income, reporting a total of CNY -19,549,050.05 compared to CNY 11,663,654.64 in the previous year[31] - The weighted average return on equity was -1.78%, down from 1.13% in the same period last year, indicating a decline in profitability[5] Cash Flow and Investments - The net cash flow from operating activities increased by 11.68% to ¥11,667,325.78 from ¥10,446,887.54 year-on-year[5] - Operating cash inflow for the current period was CNY 46,741,424.26, a decrease of 8.6% from CNY 50,938,948.78 in the previous period[32] - Cash outflow from operating activities totaled CNY 35,074,098.48, down 13.5% from CNY 40,492,061.24 year-over-year[34] - Net cash flow from operating activities increased to CNY 11,667,325.78, up 11.6% from CNY 10,446,887.54 in the previous period[34] - Cash inflow from investment activities was CNY 228,726,025.25, a decrease of 13.8% compared to CNY 265,202,447.42 last year[34] - Net cash flow from investment activities improved to CNY 32,245,329.12, compared to a negative CNY 11,081,426.32 in the previous period[34] - Cash outflow from investment activities was CNY 196,480,696.13, down 29.0% from CNY 276,283,873.74 year-over-year[34] - The net increase in cash and cash equivalents for the period was CNY 34,709,454.90, compared to a decrease of CNY 634,538.78 in the previous period[34] - The ending balance of cash and cash equivalents was CNY 520,322,305.53, up from CNY 366,042,541.69 in the previous period[34] Assets and Liabilities - The company's total assets decreased by 3.23% to ¥1,176,060,994.62 compared to ¥1,215,318,428.73 at the end of the previous year[5] - The company's total liabilities decreased to CNY 87,560,605.74 from CNY 107,268,989.80, a reduction of approximately 18.38%[26] - The company's total equity attributable to shareholders decreased to CNY 1,072,879,592.53 from CNY 1,092,154,070.65, a decline of about 1.76%[26] - The company's total current assets decreased from 995,015,749.94 yuan to 963,302,380.60 yuan, a decline of about 3.2%[24] - The company's long-term equity investments decreased from 428,260.22 yuan to 369,962.13 yuan, a decline of approximately 13.5%[24] Shareholder Information - The total number of common shareholders at the end of the reporting period is 38,798[13] - The largest shareholder, Xiangyang Xinyuan Semiconductor Co., Ltd., holds 26.32% of shares, totaling 62,258,000 shares[13] - The company has no other related party relationships or concerted actions among the top shareholders, except for Xiangyang Xinyuan Semiconductor Co., Ltd.[13] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending business[13] Operational Highlights - The company reported a significant increase in accounts receivable by 44.87%, rising to ¥102,001,073.54 due to an increase in customer credit terms[9] - Other income rose by 72.29% to ¥464,380.29, primarily due to an increase in government subsidies received during the reporting period[9] - Investment losses amounted to ¥21,273,974.75, a drastic decline of 508.92% compared to a profit of ¥5,202,447.42 in the previous year[9] - The company completed a capital increase of 7.5 million yuan from capital reserves to its subsidiary, Puluan Semiconductor, increasing its registered capital from 37.5 million yuan to 45 million yuan[16] - The company invested 130 million yuan in financial products linked to the CSI 1000 and CSI 500 indices, resulting in an investment loss of approximately 24.21 million yuan due to market fluctuations[17] Future Outlook - The company has not provided any specific future performance guidance or outlook in the conference call[13] - There are no plans for market expansion or mergers and acquisitions mentioned in the call[13] - The company has not disclosed any new product or technology developments in the conference call[13]