SMEI(300456)2024-04-25 12:37Financial Performance - The company's operating revenue for Q1 2024 was ¥270,050,961.08, representing a 41.62% increase compared to ¥190,688,121.01 in the same period last year[22]. - The net profit attributable to shareholders was -¥11,659,793.28, a decrease of 175.57% from ¥15,429,627.46 in the previous year[22]. - The net cash flow from operating activities was -¥32,279,457.56, a decline of 219.21% compared to ¥27,076,946.45 in the same period last year[22]. - The basic earnings per share were -¥0.0159, down 175.71% from ¥0.0210 in the previous year[28]. - The net loss for Q1 2024 was ¥20,245,225.30, compared to a net profit of ¥5,273,516.70 in Q1 2023[58]. - Total operating revenue for Q1 2024 reached ¥270,050,961.08, a 41.7% increase from ¥190,688,121.01 in the same period last year[57]. - Total operating costs amounted to ¥307,627,574.28, up 27.6% from ¥241,087,157.76 year-over-year[57]. - Research and development expenses were ¥95,137,490.74, an increase of 11.4% compared to ¥85,315,206.04 in the previous year[58]. - Other comprehensive income after tax was -¥36,115,379.65, compared to -¥689,746.07 in the previous year[59]. Assets and Liabilities - Total assets decreased from ¥7,261,878,738.03 to ¥7,191,395,456.46, a decline of approximately 1%[12]. - Current assets decreased from ¥2,363,321,434.40 to ¥2,128,032,336.42, a decline of about 10%[10]. - Cash and cash equivalents decreased from ¥947,649,183.30 to ¥668,261,503.91, a decrease of approximately 29.5%[10]. - Accounts receivable increased slightly from ¥568,920,934.85 to ¥573,679,362.41, an increase of about 0.5%[10]. - Inventory increased from ¥481,439,011.21 to ¥491,714,513.54, an increase of approximately 2.4%[10]. - Total liabilities decreased from ¥1,632,949,128.78 to ¥1,594,072,357.27, a decrease of about 2.4%[12]. - Non-current liabilities decreased from ¥874,201,080.66 to ¥855,095,022.64, a decrease of approximately 2.2%[12]. - Total equity decreased from ¥5,628,929,609.25 to ¥5,597,323,099.19, a decrease of about 0.6%[12]. Cash Flow - Cash inflow from operating activities totaled ¥250,455,788.15, a decrease of 4.0% compared to ¥262,492,062.53 in the previous period[76]. - Cash received from sales of goods and services was ¥241,882,020.86, slightly up from ¥239,040,686.39 in the prior period[76]. - Cash paid for purchasing goods and services increased significantly to ¥130,634,571.61 from ¥94,328,257.89, reflecting a rise of 38.3%[76]. - Cash paid to employees rose to ¥106,160,832.06, compared to ¥91,448,993.43, marking an increase of 16.1%[76]. - Tax payments decreased to ¥32,239,395.73 from ¥34,662,713.55, a decline of 7.0%[76]. - Cash received from other operating activities was ¥6,573,544.67, down from ¥7,977,500.41, a decrease of 17.6%[76]. - Cash received from tax refunds was ¥2,000,222.62, significantly lower than ¥15,473,875.73 in the previous period, indicating a decrease of 87.1%[76]. Strategic Initiatives - The company plans to issue convertible bonds to unspecified investors[7]. - The partnership with Huairou Economic and Information Bureau was terminated, with ongoing projects being transferred to a subsidiary[8]. - The company signed a strategic cooperation agreement with the People's Government of Huairou District to establish a MEMS pilot production line and R&D platform[53]. - The company aims to leverage its advantages in the semiconductor industry through the new partnership and development initiatives[53]. - The company completed a share transfer agreement to acquire an additional 7% stake in Beijing Haichuang Micro Yuan Technology Co., increasing its ownership to 42%[33]. - The company acquired a 10.72% stake in Wuhan Guanggu Information Technology Co., Ltd. for a total of ¥105.1557 million, increasing its ownership to 29.19%[50]. - The company plans to repurchase and cancel 1,284,000 shares of restricted stock and void 3,607,720 shares of unvested restricted stock[51]. - A strategic cooperation agreement was signed with the People's Government of Huairou District, Beijing[69]. Other Financial Metrics - The company reported a significant increase in operating costs, which rose by 48.34% to ¥180,592,171.19 due to the expansion of MEMS business and new semiconductor equipment sales[25]. - The company recorded a decrease in investment income, reporting a loss of ¥3,346,075.56 compared to a loss of ¥1,866,637.42 in the previous year[58]. - The company received government subsidies amounting to ¥3,225,510.45 during the reporting period[23]. - The company reported a 87.07% decrease in tax refunds received, totaling ¥2,000,222.62 compared to ¥15,473,875.73 in the previous year[29]. - Derivative financial assets increased to ¥2,580,673.34 from ¥0.00, a change of 100.00% due to fair value changes of forward foreign exchange contracts[42]. - Contract assets decreased to ¥0.00 from ¥2,775,187.50, a change of -100.00% due to the actual performance of contracts during the reporting period[42]. - Derivative financial liabilities decreased to ¥224,537.49 from ¥15,363,375.46, a change of -98.54% due to fair value changes of forward foreign exchange contracts[42]. - Sales expenses increased to ¥8,093,809.89 from ¥4,014,293.95, a change of 101.62% primarily due to increased labor costs in subsidiaries[44]. - Net profit decreased to -¥20,245,225.30 from ¥5,273,516.70, a change of -483.90% due to various factors[44]. - Total comprehensive income decreased to -¥56,360,604.95 from ¥4,583,770.63, a change of -1329.57% due to various factors[44]. - The company reported a negative impact of -214.41 million, down from 24.97 million, contrasting sharply with a positive 667.49 million, a decrease from $1.23 billion at the end of the previous period[61]. - The total number of common shareholders at the end of the reporting period was 59,010[64]. - The largest shareholder, Yang Yunchun, holds 25.13% of the shares, while the National Integrated Circuit Industry Investment Fund holds 10.05%[64].