赛微电子(300456) - 2018 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2018 was ¥140,582,921.02, representing a 23.10% increase compared to ¥114,199,508.46 in the same period last year[6]. - Net profit attributable to shareholders decreased by 34.66% to ¥6,164,755.31 from ¥9,435,076.52 year-on-year[6]. - Net profit excluding non-recurring gains and losses increased by 101.10% to ¥5,777,790.06 from ¥2,873,076.52 in the previous year[6]. - The company achieved operating revenue of 140.58 million RMB in Q1 2018, representing a year-on-year growth of 23.10%[21]. - Net profit for Q1 2018 was 5.87 million RMB, a decrease of 37.78% compared to the same period last year[21]. - Net profit for Q1 2018 was CNY 5,866,390.85, a decrease of 37.78% compared to CNY 9,428,723.59 in Q1 2017, primarily due to a significant reduction in government subsidies received[23]. - Basic earnings per share decreased by 34.58% to CNY 0.0333 from CNY 0.0509 in the same period last year, attributed to the decline in government subsidies[23]. - The comprehensive income total for Q1 2018 was CNY -16,796,509.54, a decrease of 193.17% compared to CNY 18,028,563.97 in Q1 2017, mainly due to reduced government subsidies and other comprehensive income[23]. Cash Flow - The net cash flow from operating activities was -¥49,618,005.81, a 465.38% decline compared to -¥8,775,986.16 in the same period last year[6]. - Cash received from operating activities decreased by 41.10% to CNY 10,596,977.91 from CNY 17,989,973.04, mainly due to reduced government subsidies[24]. - Total cash inflow from operating activities was ¥136,922,074.82, while cash outflow was ¥83,706,587.54, resulting in a net cash flow of ¥53,215,487.28[58]. - The net cash flow from financing activities was -¥6,805,618.55, contrasting with a positive net cash flow of ¥30,270,289.11 in the previous period[59]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,086,917,087.95, a decrease of 0.43% from ¥3,100,217,774.34 at the end of the previous year[6]. - The company's total assets as of the end of Q1 2018 amounted to CNY 1,656,876,996.21, compared to CNY 1,600,640,676.94 at the beginning of the year, showing an increase of 3.5%[42]. - The total liabilities were CNY 548,155,475.84, up from CNY 486,711,998.27, indicating a rise of 12.6%[43]. - The company’s total liabilities due within one year increased by 31.26% to 65.66 million RMB, reflecting an increase in short-term borrowings[21]. Operational Efficiency - The company's management expenses rose by 59.05% to 29.34 million RMB, primarily due to increased equity incentive costs and R&D investments[22]. - The financial expenses increased by 49.80% to 3.70 million RMB, attributed to the rise in bank borrowings[22]. - The company's gross profit margin decreased due to rising costs associated with material procurement[21]. Investments and Growth - The company has completed multiple investments and acquisitions, with potential for future mergers to enhance efficiency and achieve rapid growth[12]. - The company plans to continue expanding its market presence and investing in new technologies and products[21]. - The company reported a significant increase in employee compensation payments, which rose by 96.47% to CNY 60,569,028.93[24]. - The company’s investment in fixed assets increased by 229.22% to CNY 115,822,504.32, driven by ongoing projects in navigation R&D and MEMS production line upgrades[24]. Market and Competition - The company faces risks from intensified industry competition, particularly in defense and aerospace sectors, which could impact market position and profitability[9]. - The company emphasizes the importance of continuous innovation and technology development to maintain competitive advantage in rapidly evolving industries[10]. Miscellaneous - The company did not conduct any repurchase transactions among its top shareholders during the reporting period[15]. - There were no violations regarding external guarantees during the reporting period[33]. - The company reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[34]. - The company did not undergo an audit for the first quarter report[60].