Financial Performance - The company's operating revenue for Q1 2025 reached ¥17.12 billion, a year-on-year increase of 99.82% compared to ¥8.57 billion in the same period last year[4] - Net profit attributable to shareholders was ¥669.40 million, up 72.21% from ¥388.71 million in the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 106.81%, reaching ¥443.49 million compared to ¥214.44 million last year[4] - Net profit for the current period was ¥1,013,085,000, compared to ¥640,232,000 in the previous period, marking an increase of 58.3%[25] - The total comprehensive income for the current period was ¥377,086,000, down from ¥1,164,274,000, a decline of 67.6%[26] - The company’s basic earnings per share rose to 0.1082 from 0.0629, an increase of 72.5%[26] Cash Flow and Investments - The company reported a decrease in net cash flow from operating activities, which amounted to ¥4.75 billion, down 15.57% from ¥5.62 billion in the previous year[4] - Cash flow from operating activities generated a net amount of ¥4,748,786,000, down from ¥5,624,421,000, reflecting a decrease of 15.5%[27] - The company experienced a significant increase in investment income, which rose by 1636.55% to ¥4.58 billion, primarily due to gains from the disposal of financial assets[15] - The company’s cash flow from investing activities saw a net outflow decrease of 93.23%, amounting to ¥2.67 billion, attributed to increased cash inflow from aircraft disposals[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥295.13 billion, reflecting a 3.05% increase from ¥286.40 billion at the end of the previous year[4] - Total assets increased from 286,399,306,000 to 295,129,879,000, reflecting a growth of approximately 3.1%[23] - The company reported a total debt of ¥246,405,318,000, up from ¥237,628,537,000, indicating a rise of 7.4%[24] - The company’s total liabilities increased by 3.3% from the previous period, reflecting ongoing investment and operational costs[24] - Total current assets decreased from 41,423,967,000 to 24,637,909,000, a decline of approximately 40.4%[23] - Total non-current assets increased from 244,975,339,000 to 270,491,970,000, an increase of approximately 10.4%[23] - Total current liabilities increased from 28,701,670,000 to 30,684,824,000, an increase of approximately 6.9%[23] - Long-term borrowings rose from 64,698,686,000 to 75,301,749,000, an increase of approximately 16.5%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 133,937[19] - HNA Capital Group Co., Ltd. holds 28.02% of shares, amounting to 1,732,654,212 shares, with 1,717,479,342 shares pledged[19] - The company has no preferred shareholders or significant changes in the top 10 shareholders participating in margin trading[20] Acquisitions and Consolidations - The acquisition of Castlelake Aviation Limited (CAL) contributed positively to the company's profit, with CAL becoming an indirect subsidiary[5] - Avolon Holdings Limited acquired 100% equity of Castlelake Aviation Limited, with the transaction completed on January 16, 2025[20] - The company’s long-term receivables increased by 57.26% to ¥186.69 billion, mainly due to the consolidation of CAL's financials[10] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[28]

Financial Performance - The net profit attributable to shareholders for 2024 was a loss of RMB 66,567,127.54[7] - The company did not declare any cash dividends or bonus shares for 2024 due to the negative net profit[7] - The total amount spent on share repurchase during the year was RMB 119,811,978.94, which is 180% of the absolute value of the net profit[8] - The company reported an ending retained earnings of RMB 19,751,369.55 as of December 31, 2024[7] - The company's operating revenue for 2024 was CNY 404.17 million, a decrease of 14.43% compared to CNY 472.31 million in 2023[28] - The net profit attributable to shareholders was a loss of CNY 66.57 million in 2024, down 320.76% from a profit of CNY 30.15 million in 2023[29] - The basic earnings per share for 2024 was -CNY 0.61, a decline of 303.33% from CNY 0.30 in 2023[30] - The company's total assets decreased by 7.37% to CNY 1,996.91 million at the end of 2024, down from CNY 2,155.71 million at the end of 2023[29] - The net assets attributable to shareholders decreased by 9.27% to CNY 1,889.10 million at the end of 2024, compared to CNY 2,082.06 million at the end of 2023[29] - The company's cash and cash equivalents at the end of the period amounted to ¥589,077,962.08, representing a decrease of 41.25% compared to the previous period[173] Revenue and Growth - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY, representing a year-over-year growth of 25%[20] - User data showed an increase in active users, reaching 5 million, which is a 15% increase compared to the previous quarter[20] - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% to 1.44 billion CNY[20] - New product launches are expected to contribute an additional 300 million CNY in revenue over the next fiscal year[20] - Revenue from optical sensor products reached 69.14 million RMB, a significant year-on-year increase of 527.78%, accounting for 17.11% of total revenue[43] - Domestic revenue decreased by 21.10% to CNY 330.42 million, while overseas revenue increased by 37.84% to CNY 73.75 million[155] Research and Development - Research and development investments increased by 30%, totaling 150 million CNY, focusing on advanced semiconductor technologies[20] - Research and development expenses increased by 59.73% year-on-year, with R&D investment accounting for 40.60% of operating revenue in 2024[30][31] - The company has a total of 178 patents, including 3 international invention patents and 66 domestic invention patents[44] - The average salary of R&D personnel increased by 38.40% due to the recruitment of high-quality teams[44] - The company is focusing on expanding its R&D talent team and increasing investment in new product development, which has contributed to the rise in R&D expenses[121] - The R&D team consists of 180 members, accounting for 66.18% of the total workforce, ensuring a strong talent pipeline for continuous technological innovation[136] Market Strategy and Expansion - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[20] - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million CNY allocated for this purpose[20] - The company aims to enhance its global market presence by building a broader and deeper sales channel network while maintaining a strong focus on domestic markets[196] - The company is actively pursuing strategic acquisitions, focusing on high-quality targets with core technological advantages that can create synergies with existing businesses[198] Product Development and Innovation - The company has developed a dual-engine product matrix in high-performance analog and mixed-signal chips, with core products including wireless charging chips and automotive electronics[54] - The company is strategically expanding into the automotive electronics sector, focusing on products like in-vehicle wireless charging and automotive lighting, with a successful AEC-Q100 certification for single-channel automotive lighting products[50] - The company has introduced a high-frequency wireless charging receiver chip for wearable devices, improving charging efficiency and reducing heat generation[61] - The company is developing a high-performance optical crown sensor chip for smartwatches and AR glasses, integrating high-speed image sensors and motion image processing algorithms[126] - The company has established a complete product line for wireless charging, covering power ranges from small power to 100W, and will optimize integration, power output, and protocol compatibility by 2025[192] Risk Management and Governance - The company has outlined various risks and countermeasures in its report, which investors should pay attention to[5] - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[11] - The company is committed to compliance governance, enhancing internal control systems, and ensuring risk management to support high-quality development[199] - The company has continuously improved its corporate governance structure and internal control system in accordance with relevant laws and regulations[200] Industry Trends and Market Outlook - The global semiconductor market is projected to reach $635.1 billion in 2024, representing a year-over-year growth of 19.8%[74] - The integrated circuit industry is experiencing rapid technological iteration and market expansion, with applications extending to automotive electronics, IoT, AI, 5G, and new energy sectors[74] - The global sensor market is projected to grow from $241.1 billion in 2024 to $457.3 billion by 2032, with a compound annual growth rate (CAGR) of 8.3%[76] - The global power management chip market is expected to reach $56.5 billion by 2026, with a CAGR of 10.7% from 2018 to 2026[77] - The domestic analog chip manufacturers are making significant progress in product variety and quality, aiming to accelerate the localization of chip production[99]

Financial Performance - The company's revenue for Q1 2025 reached ¥125,143,942.62, a 32.18% increase compared to ¥94,674,919.77 in the same period last year[4] - Net profit attributable to shareholders was ¥3,671,138.56, a significant turnaround from a loss of ¥13,263,857.09 in the previous year[4] - Total operating revenue for Q1 2025 reached ¥125,143,942.62, a 32.2% increase from ¥94,674,919.77 in Q1 2024[21] - Net profit for Q1 2025 was ¥3,671,138.56, compared to a net loss of ¥13,263,857.09 in Q1 2024, marking a significant turnaround[22] - The company reported a basic and diluted earnings per share of ¥0.03 for Q1 2025, recovering from a loss of ¥0.12 in Q1 2024[23] Research and Development - Research and development (R&D) expenses totaled ¥34,409,553.49, representing 27.50% of revenue, down from 34.59% year-over-year[4] - Research and development expenses for Q1 2025 amounted to ¥34,409,553.49, an increase from ¥32,743,641.94 in Q1 2024[22] Cash Flow and Assets - The net cash flow from operating activities was -¥3,784,730.25, an improvement from -¥19,541,048.58 in the previous year[4] - Cash inflows from operating activities in Q1 2025 were ¥146,513,734.86, compared to ¥160,909,603.36 in Q1 2024[25] - The company reported a total cash outflow from operating activities of 150,298,465.11, compared to 180,450,651.94 previously[26] - The company's cash and cash equivalents increased to RMB 613,776,154.10 from RMB 589,077,962.08, representing a growth of about 4.4%[15] - The ending balance of cash and cash equivalents was 612,670,052.59, down from 699,384,863.12 in the prior period[27] Shareholder Information - The top ten shareholders include Leavision Incorporated with a 15.96% stake and WI HARPER FUND VII HONG KONG LIMITED with a 6.74% stake[11] - The company has a shareholding ratio of 4.19% held in its own repurchased shares, totaling 4,675,572 shares[13] - The company plans to utilize repurchased shares for employee stock ownership plans and/or equity incentives in the future[13] Liabilities and Equity - The total liabilities decreased from ¥107,815,722.98 in the previous period to ¥94,579,555.26 in the current period[18] - Total equity attributable to shareholders decreased from ¥1,889,097,759.39 to ¥1,865,006,095.79[18] - The total liabilities and equity amounted to ¥1,959,585,651.05, down from ¥1,996,913,482.37 in the previous period[18] Inventory and Current Assets - The company’s inventory increased to RMB 138,142,599.99 from RMB 126,545,325.23, showing an increase of about 9.2%[16] - The company’s total current assets were RMB 1,832,679,588.57, down from RMB 1,870,272,014.71, reflecting a decrease of about 2.0%[16] Future Plans - The company plans to deepen market demand exploration and expand its product matrix in 2025, aiming for steady revenue and profit growth[9] - The company has established deep cooperation with upstream supply chains, optimizing material and packaging costs, which is expected to enhance gross margin further[8] Other Comprehensive Income - Other comprehensive income after tax for Q1 2025 was -¥71,307.21, compared to -¥5,659.10 in Q1 2024[23]

Financial Performance - The company's revenue for Q1 2025 was CNY 120,785.47 million, representing a year-on-year increase of 7.45% compared to CNY 112,407.44 million in the same period last year[2]. - The net profit attributable to shareholders was a loss of CNY 50,756.94 million, an improvement from a loss of CNY 64,151.41 million in the previous year[2]. - The operating loss for Q1 2025 was ¥507,593,460.50, an improvement from a loss of ¥642,349,863.52 in Q1 2024[11]. - The net loss for Q1 2025 was ¥507,569,396.31, compared to a net loss of ¥641,514,068.86 in Q1 2024, indicating a narrowing loss[11]. - The company reported a basic and diluted earnings per share of -¥0.04 for Q1 2025, compared to -¥0.05 for Q1 2024[11]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 16,251.09 million, compared to a negative cash flow of CNY 10,408.14 million in the same period last year[2]. - In Q1 2025, the net cash flow from operating activities was ¥162,510,860.11, a significant improvement compared to a net outflow of ¥104,081,404.35 in Q1 2024[12]. - Cash inflow from investment activities totaled ¥2,205,642,744.62 in Q1 2025, up from ¥1,104,888,190.69 in Q1 2024, resulting in a net cash flow of ¥529,651,777.19 compared to a net outflow of ¥220,695,263.66 in the previous year[13]. - The net cash flow from financing activities was negative at -¥1,508,219,091.46 in Q1 2025, contrasting with a positive net flow of ¥347,128,081.18 in Q1 2024[13]. - The company experienced a cash decrease of ¥811,302,560.97 in Q1 2025, contrasting with an increase of ¥23,568,016.08 in Q1 2024[13]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,778,912.68 million, a decrease of 6.10% from CNY 2,959,450.78 million at the end of the previous year[3]. - The total assets as of March 31, 2025, were ¥27,789,126,820.21, down from ¥29,594,507,799.53 as of December 31, 2024[9]. - The total liabilities decreased to ¥18,262,596,466.01 from ¥19,560,408,049.02 over the same period[9]. - The total equity decreased to ¥9,526,530,354.20 from ¥10,034,099,750.51, indicating a decline in shareholder value[9]. Research and Development - Research and development expenses totaled CNY 11,153.74 million, accounting for 9.23% of revenue, down from 12.23% in the previous year[2]. - Research and development expenses increased to ¥38,342,080.66 in Q1 2025, compared to ¥32,873,937.57 in Q1 2024, reflecting a focus on innovation[10]. Operational Efficiency - The gross margin improved by 16.37 percentage points year-on-year, indicating enhanced operational efficiency[3]. - The company reported a significant increase in AMOLED semiconductor display revenue for laptops and tablets, with a year-on-year growth exceeding 110%[3]. - The company continues to focus on expanding its competitive advantages through strategic initiatives in the medium and large size display market[3]. Shareholder Information - The top ten shareholders hold a combined 73.59% of the shares, with Shanghai Lianhe Investment Co., Ltd. being the largest shareholder at 58.25%[5].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 652,886,115.69, a decrease of 3.79% compared to CNY 678,614,155.44 in the same period last year[4] - The net profit attributable to shareholders was CNY 134,710,642.30, down 9.05% from CNY 148,119,541.27 year-on-year[4] - Total revenue for Q1 2025 was approximately $652.89 million, a decrease of 3.4% compared to $678.61 million in Q1 2024[18] - Net profit for Q1 2025 was approximately $134.71 million, a decrease of 9.0% compared to $148.12 million in Q1 2024[20] - Earnings per share for Q1 2025 was $0.30, down from $0.33 in Q1 2024[20] Cash Flow - The net cash flow from operating activities improved significantly, reaching CNY 121,893,046.50, a 167.81% increase compared to a negative cash flow of CNY -179,746,037.48 in the previous year[4] - In Q1 2025, the cash inflow from operating activities was CNY 637,634,498.72, a 36.0% increase compared to CNY 468,653,528.39 in Q1 2024[21] - The net cash flow from operating activities turned positive at CNY 121,893,046.50 in Q1 2025, compared to a negative CNY 179,746,037.48 in Q1 2024[22] - The net increase in cash and cash equivalents for Q1 2025 was CNY 309,170,699.80, compared to CNY 538,174,061.27 in Q1 2024[22] - The ending balance of cash and cash equivalents was CNY 1,588,523,625.64 in Q1 2025, down from CNY 4,595,763,931.67 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 12,106,736,792.98, an increase of 3.17% from CNY 11,734,820,256.82 at the end of the previous year[5] - Total assets as of March 31, 2025, were approximately $12.11 billion, an increase from $11.73 billion as of December 31, 2024[16] - Total liabilities as of March 31, 2025, were approximately $1.61 billion, up from $1.37 billion as of December 31, 2024[16] - The total current assets as of March 31, 2025, amounted to CNY 10,763,509,323.28, an increase from CNY 10,566,546,347.10 as of December 31, 2024, reflecting a growth of approximately 1.86%[13] Research and Development - Research and development (R&D) expenses totaled CNY 40,274,625.33, representing a decrease of 18.35% from CNY 49,326,288.34 year-on-year[4] - The proportion of R&D expenses to operating revenue decreased to 6.17%, down 1.1 percentage points from 7.27% in the previous year[5] - Research and development expenses for Q1 2025 were approximately $40.27 million, down from $49.33 million in Q1 2024[19] Shareholder Information - The equity attributable to shareholders increased to CNY 10,496,904,862.62, up 1.31% from CNY 10,361,105,649.05 at the end of the previous year[5] - The total equity attributable to shareholders as of March 31, 2025, was approximately $10.50 billion, an increase from $10.36 billion as of December 31, 2024[16] - The total number of ordinary shareholders at the end of the reporting period was 23,110[10] Future Outlook and Strategy - The company is actively monitoring market trends to identify potential areas for expansion and investment opportunities[12] - Future outlook includes continued investment in technology and product development to enhance competitive advantage[12] - The company emphasizes the importance of strategic partnerships and potential mergers to drive growth and market presence[12] Other Financial Metrics - The weighted average return on net assets decreased to 1.29%, down 0.18 percentage points from 1.47% in the previous year[4] - The company reported non-recurring gains of CNY 14,352,720.84 for the period, after accounting for tax effects[8] - Total operating costs for Q1 2025 were approximately $519.49 million, down 4.1% from $541.75 million in Q1 2024[18] - The company reported a financial income of approximately $13.30 million in Q1 2025, compared to $11.86 million in Q1 2024[19] Investment Activities - Cash inflow from investment activities was CNY 1,907,512,133.38 in Q1 2025, up 26.5% from CNY 1,508,581,917.82 in Q1 2024[22] - The net cash flow from investment activities decreased to CNY 196,186,435.23 in Q1 2025 from CNY 724,782,655.54 in Q1 2024[22] - The cash outflow for purchasing fixed assets and other long-term assets was CNY 11,325,698.15 in Q1 2025, down from CNY 18,799,262.28 in Q1 2024[22] Accounting Standards - The company did not apply new accounting standards starting from 2025[23]

Financial Performance - The company achieved operating revenue of CNY 326.57 million, a year-on-year increase of 2.48%[5] - The net profit attributable to shareholders was CNY -6.68 million, a year-on-year improvement of 77.28%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -9.63 million, a year-on-year improvement of 68.32%[5] - Total revenue for Q1 2025 was CNY 326,574,039.81, an increase from CNY 318,671,912.60 in Q1 2024, representing a growth of approximately 0.28%[22] - Operating profit for Q1 2025 was reported at CNY -4,383,587.51, an improvement compared to CNY -25,119,570.51 in Q1 2024[23] - Net profit for Q1 2025 was CNY -2,790,522.84, significantly better than CNY -24,818,519.97 in Q1 2024, indicating a reduction in losses[24] - The company reported a basic and diluted earnings per share of CNY -0.08 for Q1 2025, an improvement from CNY -0.47 in Q1 2024[24] - The company’s total assets decreased from CNY 2,147,443,356.56 to CNY 1,993,219,340.76, a decline of approximately 7.19%[20] - Shareholders' equity decreased from CNY 1,317,101,958.68 to CNY 1,303,653,840.29, a slight decline of approximately 1.02%[20] Cash Flow - The net cash flow from operating activities was CNY -3.90 million, a year-on-year decrease of 105.44%[6] - In Q1 2025, the company reported cash inflows from operating activities of CNY 328,499,083.05, a decrease of 4.0% compared to CNY 343,683,070.49 in Q1 2024[26] - The net cash outflow from operating activities was CNY -3,895,414.78, contrasting with a net inflow of CNY 71,588,510.41 in the same period last year[26] - Cash inflows from investment activities totaled CNY 29,401,004.18, down 49.6% from CNY 58,415,099.35 in Q1 2024[27] - The net cash flow from investment activities was CNY 23,959,407.20, slightly up from CNY 23,629,599.35 year-over-year[27] - Cash inflows from financing activities increased significantly to CNY 83,260,721.56, compared to CNY 25,000,000.00 in Q1 2024, marking a 233.0% increase[27] - The net cash outflow from financing activities was CNY -51,461,940.10, an improvement from CNY -116,201,888.33 in the previous year[27] Assets and Liabilities - The company's total assets as of March 31, 2025, were CNY 1.99 billion, a decrease of 7.18% from the end of 2024[5] - Total current assets as of March 31, 2025, amount to ¥989,267,699.67, a decrease from ¥1,100,285,746.60 at the end of 2024[18] - Total liabilities decreased from CNY 830,341,397.88 to CNY 689,565,500.47, a reduction of about 16.93%[20] - Current liabilities decreased to CNY 778,732,722.98 from CNY 879,431,494.47 at the end of 2024, reflecting a reduction of 11.4%[31] - The company's total equity as of March 31, 2025, was CNY 1,600,745,187.34, down from CNY 1,624,602,234.78 at the end of 2024[31] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,134[13] - The largest shareholder, Hu Liqiang, holds 24.40% of shares with 21,428,995 shares[15] - The second largest shareholder, Xia Feng, holds 22.35% of shares with 19,630,184 shares[15] - There are no significant changes in the top 10 shareholders due to securities lending or borrowing[16] Research and Development - R&D expenses totaled CNY 81.28 million, accounting for 24.89% of operating revenue, a decrease of 3.87 percentage points year-on-year[9] - Research and development expenses for Q1 2025 were CNY 81,275,796.44, down from CNY 91,660,255.65 in Q1 2024, a decrease of approximately 11.36%[23] - Research and development expenses increased to ¥59.46 million in Q1 2025, up from ¥55.21 million in Q1 2024, reflecting a focus on innovation[32] Other Financial Metrics - The overall gross margin for the reporting period was 40.10%, an increase of 6.40 percentage points year-on-year[5] - The weighted average return on net assets increased by 1.64 percentage points compared to the previous year[5] - The company experienced a significant increase in cash payments to employees due to the addition of overseas staff[6] - Other income for Q1 2025 was CNY 3,480,356.10, compared to CNY 4,360,515.01 in Q1 2024, reflecting a decline of about 20.11%[23] - The company experienced a significant increase in financial expenses, with interest expenses at ¥3.63 million in Q1 2025, down from ¥5.49 million in Q1 2024[32]

Financial Performance - The company's operating revenue for Q1 2025 was ¥167,802,804.01, an increase of 11.14% compared to ¥150,984,688.88 in the same period last year[3]. - Net profit attributable to shareholders decreased by 40.03% to ¥3,782,684.24 from ¥6,307,156.02 year-on-year[3]. - Total operating revenue for Q1 2025 reached ¥167,802,804.01, an increase of 11.9% compared to ¥150,984,688.88 in Q1 2024[18]. - Net profit for Q1 2025 was ¥3,782,684.24, a decrease of 60.3% from ¥9,524,673.19 in Q1 2024[19]. - The company reported a total comprehensive income of ¥4,079,494.64 for Q1 2025, down from ¥8,900,132.26 in Q1 2024, indicating a decline of 54.1%[19]. - Basic earnings per share for Q1 2025 were ¥0.02, unchanged from the previous year, while diluted earnings per share also remained at ¥0.02[19]. Research and Development - R&D investment totaled ¥52,927,561.17, up 22.92% from ¥43,058,588.28, representing 31.54% of operating revenue, an increase of 3.02 percentage points[3][4]. - Research and development expenses increased to ¥52,927,561.17 in Q1 2025, compared to ¥43,058,588.28 in Q1 2024, marking a growth of 22.5%[18]. Sales and Revenue Composition - Sales revenue from self-developed core technology platform products increased by 39.21%, accounting for 46.69% of total sales, up 7.47 percentage points year-on-year[5]. - The gross profit margin for Q1 2025 was 56.15%, an increase of 1.34 percentage points compared to the previous year[5]. - Sales revenue from high-end products rose by 58.81%, with high-end digital oscilloscopes (bandwidth ≥2GHz) seeing a 52.07% increase in sales[5]. Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥3,493,157.59, a significant improvement from a negative cash flow of ¥26,425,022.51 in the previous year[3]. - The cash inflow from operating activities for Q1 2025 was CNY 244,387,771.18, an increase of 49.0% compared to CNY 163,857,780.87 in Q1 2024[21]. - The net cash flow from operating activities was CNY 3,493,157.59, a significant recovery from a net outflow of CNY 26,425,022.51 in the same period last year[21]. - Cash inflow from investment activities totaled CNY 80,166,093.87, up from CNY 52,123,682.65 in Q1 2024, marking a 53.8% increase[22]. - The ending cash and cash equivalents balance was CNY 330,410,644.46, compared to CNY 260,862,425.68 at the end of Q1 2024, reflecting a 26.6% increase[22]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,832,847,966.62, a slight decrease of 0.52% from ¥3,852,921,400.41 at the end of the previous year[4]. - Total liabilities decreased to ¥659,230,450.18 from ¥685,179,430.61, indicating a reduction of 3.8%[16]. - The company's equity attributable to shareholders rose to ¥3,173,617,516.44, compared to ¥3,167,741,969.80 in the previous period, reflecting a growth of 0.2%[16]. Shareholder Information - The company reported a total of 15,557,760 shares held by Li Weisen, representing 8.02% of the total shares[12]. - Wang Yue holds 11,508,480 shares, accounting for 5.93% of the total shares, and is identified as the actual controller of the company[12]. - The top ten shareholders collectively control 32.94% of the company's shares, indicating significant ownership concentration[12]. Operational Status - There are no applicable reminders for investors regarding the company's operational status during the reporting period[13]. - The company has not reported any changes in the participation of major shareholders in margin financing or securities lending activities[12].

Financial Performance - The company's operating revenue for Q1 2025 was ¥76,968,864.09, representing an increase of 8.37% compared to ¥71,026,151.43 in the same period last year[4] - The net profit attributable to shareholders was -¥17,657,023.18, showing an improvement from -¥18,854,432.04 year-on-year[4] - The net cash flow from operating activities was ¥15,128.84, a significant recovery from -¥44,077,354.94 in the previous year[4] - Total operating revenue for Q1 2025 reached ¥76,968,864.09, an increase of 8.4% compared to ¥71,026,151.43 in Q1 2024[18] - Net loss for Q1 2025 was ¥17,340,675.07, slightly improved from a net loss of ¥18,490,170.00 in Q1 2024[19] - The company reported a total comprehensive loss of ¥17,401,699.46 for Q1 2025, compared to a loss of ¥20,141,974.64 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥973,950,482.45, a decrease of 6.69% from ¥1,043,802,965.08 at the end of the previous year[5] - Total liabilities decreased to ¥242,540,759.92 from ¥294,986,689.11, indicating a reduction of 17.8%[16] - The company's total equity decreased from ¥748,816,275.97 to ¥731,409,722.53, a decline of 2.3%[16] Research and Development - Research and development (R&D) expenses totaled ¥5,996,519.93, a decrease of 41.08% from ¥10,177,069.73 year-on-year, with R&D expenses accounting for 7.79% of operating revenue, down from 14.33%[5] - Research and development expenses for Q1 2025 were ¥3,626,952.19, down from ¥10,177,069.73 in Q1 2024, a decrease of 64.3%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 4,718[9] - The largest shareholder, Hainan Liangzhi Zhengde Enterprise Management Consulting Co., Ltd., holds 16,803,750 shares, representing 22.62% of the total shares[10] - The second-largest shareholder, Wenchang Zhuopu Enterprise Management Office (Limited Partnership), holds 4,252,065 shares, which is 5.72% of the total shares[10] Cash Flow and Investments - Cash flow from operating activities increased to ¥150,982,202.55 in Q1 2025, up from ¥121,230,503.09 in Q1 2024, representing a growth of 24.5%[22] - The net cash flow from investment activities decreased to $11,535,585.26 from $18,630,027.67 in the previous period[23] - The total cash outflow from financing activities was $2,587,628.02, down from $3,254,948.34 in the previous period[24] - The company received $400,000,000.00 from investment recoveries, consistent with the previous period[23] Equity and Share Repurchase - The equity attributable to shareholders decreased by 2.39% to ¥723,699,186.93 from ¥741,417,234.50 at the end of the previous year[5] - The company has a total of 2,220,951 shares in its repurchase account, accounting for 2.99% of the total share capital[11] Other Financial Metrics - The diluted earnings per share remained at -¥0.24, unchanged from the previous year[5] - Basic and diluted earnings per share for Q1 2025 were both -¥0.24, compared to -¥0.26 in Q1 2024[20] - The company reported non-recurring gains of ¥1,415,585.70 for the period, after accounting for tax effects[7]

Financial Performance - The company's revenue for Q1 2025 reached CNY 2,354,709,996.80, representing an increase of 11.29% compared to CNY 2,115,859,042.71 in the same period last year[5] - Net profit attributable to shareholders was CNY 83,216,566.09, a significant increase of 150.68% from CNY 33,196,086.59 year-on-year[5] - Basic earnings per share rose to CNY 0.0629, reflecting a growth of 150.60% compared to CNY 0.0251 in the previous year[5] - Operating profit for Q1 2025 was CNY 78,389,552.40, significantly up from CNY 25,167,693.63 in Q1 2024, marking a growth of 210.5%[17] - Net profit for Q1 2025 was CNY 51,943,570.56, compared to CNY 1,338,882.33 in Q1 2024, representing a substantial increase[17] - Total operating revenue for Q1 2025 reached CNY 2,354,709,996.80, an increase of 11.3% compared to CNY 2,115,859,042.71 in Q1 2024[16] Cash Flow - The net cash flow from operating activities was CNY 270,998,538.92, showing a decrease of 4.97% from CNY 285,176,720.67 in the same period last year[5] - Cash flow from operating activities for Q1 2025 was CNY 270,998,538.92, slightly down from CNY 285,176,720.67 in Q1 2024[19] - The company reported a total cash inflow from operating activities of CNY 1,881,204,505.58 in Q1 2025, slightly down from CNY 1,883,407,764.47 in Q1 2024[19] - The net cash flow from investment activities was -171,458,850.37, indicating a significant outflow compared to the previous period's -3,102,859,345.61[20] - Total cash inflow from financing activities was 144,494,217.48, an increase from 115,530,073.39 in the prior period[20] - The net cash flow from financing activities was 135,683,779.33, compared to 56,377,407.77 previously, showing a positive trend[20] - The company experienced a net increase in cash and cash equivalents of 236,060,738.24, contrasting with a decrease of -2,757,733,690.09 in the prior period[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 29,281,655,370.49, a slight increase of 0.60% from CNY 29,106,829,546.42 at the end of the previous year[6] - As of March 31, 2025, the total current assets amounted to CNY 13,811,024,716.29, an increase from CNY 13,350,039,189.59 as of December 31, 2024, reflecting a growth of approximately 3.45%[12] - The total non-current assets decreased to CNY 15,470,630,654.20 from CNY 15,756,790,356.83, indicating a decline of about 1.82%[13] - The total current liabilities slightly decreased to CNY 4,111,503,263.68 from CNY 4,133,047,148.14, a reduction of about 0.52%[14] - The total non-current liabilities remained relatively stable at CNY 680,861,133.33, compared to CNY 677,829,339.41, showing a marginal increase of about 0.30%[14] - The total equity attributable to shareholders increased to CNY 22,526,162,365.41 from CNY 22,306,213,072.76, reflecting a growth of approximately 0.99%[14] Research and Development - Research and development expenses totaled CNY 278,560,984.84, accounting for 11.83% of revenue, down from 13.53% in the previous year[6] - Research and development expenses for Q1 2025 were CNY 278,560,984.84, a decrease of 2.2% compared to CNY 286,193,224.91 in Q1 2024[16] Shareholder Information - The total number of common shareholders at the end of the reporting period was 48,761[10] - The largest shareholder, China Resources (Microelectronics) Limited, holds 66.21% of the shares, totaling 878,982,146 shares[10] Other Income and Expenses - The company reported non-recurring gains of CNY 18,280,344.72, primarily due to government subsidies and other non-operating income[8] - Other income for Q1 2025 was CNY 54,281,973.39, up from CNY 37,787,374.55 in Q1 2024, indicating a growth of 43.5%[16] - Investment loss for Q1 2025 was CNY -133,063,167.10, worsening from CNY -73,691,406.48 in Q1 2024[16] Cash Management - The cash and cash equivalents stood at CNY 8,919,003,748.64, up from CNY 8,682,943,010.40, marking an increase of about 2.73%[12] - The cash and cash equivalents at the end of the period totaled 8,919,002,502.64, slightly down from 8,978,792,952.32 in the previous period[20] - Cash outflow for investment activities amounted to 207,268,248.92, significantly higher than 3,103,671,492.88 in the previous period[20] - Cash inflow from investment activities was recorded at 35,809,398.55, compared to 812,147.27 previously[20] - The company received 14,000,000.00 in cash from borrowings, indicating ongoing financing efforts[20] - The impact of exchange rate changes on cash and cash equivalents was 837,270.36, showing a minor positive effect[20] Future Outlook - The company plans to implement new accounting standards starting from 2025, which may affect future financial reporting[20]

Financial Performance - The company's operating revenue for Q1 2025 was ¥67,439,982.29, a decrease of 98.77% compared to ¥5,462,123,134.28 in the same period last year[4] - The net profit attributable to shareholders was -¥531,435,850.51, representing a decline of 110.62% from ¥5,005,155,365.45 year-on-year[4] - Basic and diluted earnings per share were both -¥1.33, down 110.66% from ¥12.48 in the previous year[4] - The company reported a significant decrease in net profit due to a sharp decline in operating revenue and an increase in R&D expenses[7] - The net loss for Q1 2025 was CNY 531,435,850.51, a stark contrast to a net profit of CNY 5,005,155,365.45 in Q1 2024[19] - The company reported a total comprehensive loss of CNY -530,297,772.33 in Q1 2025, compared to a comprehensive income of CNY 5,003,708,460.37 in Q1 2024[20] Research and Development - Research and development expenses totaled ¥494,913,002.18, an increase of 98.95% compared to ¥248,767,838.91 in the previous year[5] - The ratio of R&D expenses to operating revenue surged to 733.86%, up by 729.31 percentage points from 4.55% in the previous year[5] - The company aims to accelerate the R&D progress of its product pipeline to maintain its competitive advantage and expedite product launches[7] - The company is focusing on expanding its R&D efforts, as indicated by the substantial increase in R&D expenses[19] Cash Flow and Liquidity - The net cash flow from operating activities was -¥489,838,426.73, a decline of 109.11% from ¥5,378,961,733.25 in the same period last year[4] - Total cash inflow from operating activities in Q1 2025 was 183,689,270.20, down from 5,829,179,801.63 in Q1 2024[22] - Cash outflow from operating activities increased to 673,527,696.93 in Q1 2025, compared to 450,218,068.38 in Q1 2024[23] - Cash flow from investing activities showed a net inflow of 209,854,280.88 in Q1 2025, contrasting with a net outflow of -9,184,007.40 in Q1 2024[23] - Cash inflow from financing activities rose to 1,010,000,000.00 in Q1 2025, compared to 100,000,000.00 in Q1 2024[23] - The net cash flow from financing activities was 738,974,554.43 in Q1 2025, up from 54,781,142.67 in Q1 2024[23] - The ending cash and cash equivalents balance for Q1 2025 was 3,661,101,912.06, compared to 5,811,813,000.70 in Q1 2024[24] - The company received 10,042,314.81 in tax refunds in Q1 2025, an increase from 3,423,343.57 in Q1 2024[22] - The company paid 201,852,112.05 in employee compensation in Q1 2025, compared to 113,533,587.71 in Q1 2024[23] - The cash outflow for other operating activities was 386,816,933.38 in Q1 2025, compared to 279,735,605.89 in Q1 2024[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,439,191,804.86, an increase of 4.23% from ¥7,137,357,660.07 at the end of the previous year[5] - Total liabilities increased to CNY 4,067,763,407.83 in Q1 2025 from CNY 3,251,432,880.03 in Q1 2024, marking an increase of approximately 25%[15] - The company's total equity decreased to CNY 3,371,428,397.03 in Q1 2025 from CNY 3,885,924,780.04 in Q1 2024, reflecting a decline of about 13%[15] - Shareholders' equity attributable to shareholders decreased by 13.24% to ¥3,371,428,397.03 from ¥3,885,924,780.04 at the end of the previous year[5] - The total current assets as of March 31, 2025, amounted to ¥6,568,169,083.49, an increase from ¥6,307,204,588.11 as of December 31, 2024, representing a growth of approximately 4.14%[12] - Cash and cash equivalents increased to ¥3,667,937,163.82 from ¥3,220,120,969.20, reflecting a rise of about 13.9%[12] - Inventory levels rose to ¥192,941,670.97 from ¥162,191,590.25, indicating an increase of approximately 18.98%[13] - The company's long-term assets totaled ¥871,022,721.37, up from ¥830,153,071.96, which is an increase of about 4.2%[13] - Accounts receivable decreased to ¥80,167,866.70 from ¥106,715,664.97, showing a decline of approximately 25%[13] - The company reported a significant increase in prepayments, which rose to ¥97,392,571.25 from ¥81,590,484.92, reflecting a growth of about 19.4%[13] Shareholder Information - There were no changes in the top 10 shareholders or their shareholding status due to margin trading activities[11] - The company has not identified any related party transactions among its major shareholders[11] - The company has not disclosed any significant new product developments or market expansion strategies during the reporting period[12]