景嘉微(300474) - 2024 Q2 - 季度财报

Financial Performance - The company's revenue for the first half of 2024 was approximately ¥349.91 million, representing a 1.40% increase compared to ¥345.07 million in the same period last year[13]. - The net profit attributable to shareholders was approximately ¥34.15 million, a significant increase of 545.78% from a loss of ¥7.66 million in the previous year[13]. - The net profit after deducting non-recurring gains and losses was approximately ¥21.34 million, up 182.51% from a loss of ¥25.86 million in the same period last year[13]. - Basic earnings per share increased to ¥0.07, a 450.00% rise from -¥0.02 in the same period last year[13]. - The company's operating revenue for the reporting period was 349,905,424.98 CNY, a 1.40% increase compared to the previous year[28]. - The total revenue for the first half of 2024 reached CNY 349,905,424.98, representing a year-on-year increase of 1.40%[30]. - The revenue from the graphics control product segment was CNY 228,053,415.74, with a year-on-year growth of 7.95%[30]. - The revenue from the chip product segment surged to CNY 66,507,612.12, marking a significant increase of 53.28% compared to the previous year[30]. - The company reported a significant decrease in sales expenses, which were CNY 17,466,041.41 compared to CNY 31,721,987.59 in the previous year, a reduction of approximately 45%[108]. - The total comprehensive income for the first half of 2024 is CNY 1,200,594.94, a decrease from CNY 11,046,775.69 in the same period of 2023[112]. Cash Flow and Assets - The net cash flow from operating activities was negative at approximately -¥13.63 million, an improvement of 44.32% compared to -¥24.48 million in the previous year[13]. - The total assets at the end of the reporting period were approximately ¥3.98 billion, a decrease of 5.18% from ¥4.19 billion at the end of the previous year[13]. - The company's cash and cash equivalents decreased from ¥1,082,993,679.91 to ¥754,464,904.47, representing a decline of approximately 30.3%[101]. - Accounts receivable increased from ¥635,788,248.47 to ¥749,453,338.13, showing a growth of about 17.8%[101]. - Inventory rose from ¥637,138,426.32 to ¥663,957,817.11, indicating an increase of approximately 4.2%[102]. - Total liabilities decreased from ¥780,676,222.51 to ¥536,315,875.61, a reduction of approximately 31.2%[103]. - The company's equity attributable to shareholders increased from ¥3,413,715,276.70 to ¥3,440,964,262.65, representing a growth of about 0.8%[103]. Research and Development - The company applied for a total of 224 patents during the reporting period, including 178 invention patents and 32 utility model patents[25]. - Research and development expenses decreased by 24.32% to 126,000,242.82 CNY, attributed to cost control measures[28]. - The company aims to enhance its profitability and sustainable development capabilities through continuous R&D and market expansion efforts[19]. - The company has established a joint laboratory with Peking University focused on high-performance computing software development[25]. - The company has increased its R&D investment year by year since its listing, establishing a strong professional R&D team and achieving significant advancements in AI training and inference products[54]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company is committed to a customer-centric approach, enhancing product development and after-sales support[26]. - The company aims to strengthen its market position through continuous R&D investment and product innovation in the graphics processing field[25]. - The company plans to continue focusing on R&D in key technology areas, including image processing and software ecosystems[32]. - The company is exploring market expansion strategies and potential mergers and acquisitions[92]. Risks and Governance - The company faces risks related to high customer concentration, primarily in the aerospace industry, which could impact normal operations and profitability[47]. - The company has a high level of accounts receivable, which poses a risk to cash flow and profitability if major clients face financial difficulties[47]. - The company has established effective communication channels with investors, ensuring that all shareholders have the right to be informed about significant matters[67]. - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and has improved its governance structure[66]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[65]. Shareholder Information - The total number of shares outstanding is 458,632,254, with 71.27% being unrestricted circulating shares[129]. - Major shareholder Yu Lili holds 29.10% of shares, totaling 133,450,847 shares[90]. - The National Integrated Circuit Industry Investment Fund holds 6.07% of shares, totaling 27,822,973 shares[90]. - The company has five wholly-owned subsidiaries, all holding 100% equity and voting rights[131]. - The company has cumulatively distributed cash dividends of 361 million yuan since its listing in March 2016, accounting for 25.95% of the net profit attributable to shareholders during the same period[57]. Compliance and Accounting - The company's accounting policies and financial reporting are in accordance with the relevant Chinese accounting standards[132]. - The financial statements prepared by the company comply with the requirements of the accounting standards, accurately reflecting its financial position, operating results, and cash flows[135]. - The company recognizes government subsidies as monetary and non-monetary assets, classified into asset-related and income-related subsidies[191]. - Deferred tax assets and liabilities are calculated based on the temporary differences between the tax basis and book value of assets and liabilities[193]. - The company will consolidate all subsidiaries under its control in the consolidated financial statements[140].