博通集成(603068) - 2024 Q2 - 季度财报

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 338,625,718.81, representing a year-on-year increase of 0.62% compared to CNY 336,528,202.71 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was a loss of CNY 38,984,849.10, an improvement from a loss of CNY 52,129,583.98 in the previous year[14]. - The net cash flow from operating activities was negative at CNY -16,513,326.31, compared to a positive cash flow of CNY 71,383,393.16 in the same period last year[14]. - The total assets at the end of the reporting period were CNY 2,099,622,607.88, reflecting a year-on-year increase of 9.32% from CNY 1,920,610,716.35[14]. - The net assets attributable to shareholders of the listed company decreased by 2.68% to CNY 1,660,354,296.35 from CNY 1,706,082,791.41 at the end of the previous year[14]. - The company's revenue for the first half of the year increased by 2.1 million yuan, representing a growth of approximately 0.62% compared to the same period last year[15]. - The net loss attributable to shareholders decreased by 13.14 million yuan, with a slight improvement in gross margin contributing to the reduced loss[15]. - The weighted average return on equity improved by 0.75 percentage points, reaching -2.19% compared to -2.94% in the previous year[15]. - The company reported a net loss of CNY 20,177,753.69 for the period, compared to a profit of CNY 26,328,343.71 in the previous period[70]. - The company’s total equity decreased to CNY 1,785,875,732.65 from CNY 1,809,177,342.04, a decline of about 1.28%[73]. Research and Development - The company has accumulated 157 patents in the field of wireless RF, showcasing its strong R&D capabilities[21]. - The company maintains a high proportion of R&D personnel, with 273 out of 318 employees dedicated to research and development, accounting for 86%[21]. - The company has increased R&D investment to drive product iteration and upgrade, focusing on wireless communication chip development[25]. - Research and development expenses were RMB 141,848,256.70, showing a marginal increase of 0.88% compared to RMB 140,605,284.44 last year[29]. - The company is actively developing Wi-Fi 7 chip products and has made significant progress in integrating with the OpenHarmony operating system[23]. Market Position and Strategy - The company has established itself as a leading chip design firm in China, recognized as a key integrated circuit design enterprise by multiple government agencies[20]. - The company aims to leverage its competitive advantages to continue growing its market share in the wireless communication chip sector[20]. - The company has achieved significant market influence in emerging markets, accumulating a large customer base for smart transportation and IoT applications[22]. - The company has maintained market leadership in Wi-Fi MCU chip shipments, serving well-known brands across various IoT sectors, including smart home and electric vehicles[24]. - The company has successfully entered the automotive electronics market with its ETC SoC chip, which has received automotive-grade certification, establishing a leading position in technology and market[24]. Financial Management and Governance - The company has established a comprehensive internal control system to enhance governance and ensure product quality and customer service standards[28]. - The company has received multiple industry awards, reflecting its brand recognition and technological achievements in the semiconductor sector[22]. - The company has established a profit distribution system to enhance investor returns, detailing the decision-making process for profit distribution in its articles of association[44]. - The company will ensure that the funds raised from the issuance will be used strictly for designated purposes, with a special account set up for this purpose[44]. - The company has committed to improving its competitive edge and profitability, aiming for a dual increase in revenue and profit levels[45]. Risks and Challenges - There were no significant risk events reported during the period, and the company has outlined potential risks and countermeasures in the management discussion section[2]. - The company faces product development risks due to the rapid evolution of the integrated circuit industry, including potential misjudgments in market demand during the product planning phase[34]. - The company acknowledges the risk of talent loss due to competition for skilled personnel in the technology-intensive chip design industry[34]. - The company recognizes the potential impact of market acceptance of new technologies on its revenue projections[34]. Shareholder and Equity Information - The total number of common shareholders as of the end of the reporting period was 39,754[62]. - Beken Corporation remains the largest shareholder, holding 30,340,103 shares, which accounts for 20.17% of the total shares[62]. - The company has a stock option incentive plan approved on November 29, 2023, granting 5.848 million stock options to 199 eligible participants[40]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its stock listing, with an automatic extension of the lock-up period if the stock price falls below the issue price for 20 consecutive trading days[43]. - The company will actively implement fundraising projects closely aligned with its main business, which is expected to enhance its sustainable profitability[45]. Cash Flow and Financing Activities - The company reported a net cash flow from financing activities of RMB 167,156,087.49, a turnaround from a negative cash flow of RMB -15,518,846.69 in the previous year[29]. - The company raised CNY 209,000,000.00 through borrowings, compared to CNY 40,000,000.00 in the first half of 2023[85]. - The cash flow from operating activities for the first half of 2024 was a net outflow of CNY -16,513,326.31, a significant decrease from a net inflow of CNY 71,383,393.16 in the same period of 2023[81]. - The company reported a total of CNY 150,424,966.00 in paid-in capital as of June 30, 2024, unchanged from the previous year[94]. Inventory and Asset Management - Inventory levels rose by 34.04% to RMB 378,122,678.44 from RMB 282,106,732.15, driven by increased stockpiling in response to market demand[31]. - The total inventory at the end of the period was ¥508,636,815.78, compared to ¥448,157,364.27 at the beginning, representing an increase of about 13.5%[184]. - The provision for inventory depreciation at the end of the period was ¥130,514,137.34, up from ¥166,050,632.12 at the beginning, indicating a decrease of approximately 21.4%[186]. - The company’s total balance of fixed assets at the end of the period is 130,945,516.13 RMB, down from 136,001,772.12 RMB at the beginning of the period, representing a decrease of approximately 3.1%[192]. Compliance and Regulatory Matters - The financial report for the first half of 2024 has not been audited[2]. - The company has established long-term partnerships with major foundries and packaging testing suppliers, including SMIC and TSMC, to mitigate supply chain risks[34]. - The company will ensure the proper and legal use of raised funds in compliance with relevant regulations and guidelines[50]. - The company has not reported any significant changes in accounting policies or estimates for the current period[162].