芯朋微(688508) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2025 reached ¥301,412,185.19, representing a 48.23% increase compared to ¥203,344,442.54 in the same period last year[4] - Net profit attributable to shareholders was ¥41,072,939.04, up 72.54% from ¥23,804,600.75 year-on-year[4] - The net profit excluding non-recurring gains and losses increased by 116.00%, amounting to ¥34,603,255.29 compared to ¥16,019,935.18 in the previous year[4] - The basic earnings per share increased by 77.78% to ¥0.32 from ¥0.18 in the same period last year[4] - The weighted average return on equity rose to 1.63%, an increase of 0.67 percentage points compared to 0.96% in the previous year[4] - The net profit for the first quarter of 2025 was CNY 40,210,395.42, a significant increase from CNY 23,149,464.76 in the same period of 2024, representing a growth of approximately 73.6%[18] - Operating profit for the first quarter of 2025 reached CNY 42,363,938.62, compared to CNY 19,725,168.48 in the first quarter of 2024, indicating an increase of about 114.3%[18] - Revenue from sales of goods and services in the first quarter of 2025 was CNY 223,019,842.79, up from CNY 167,074,524.56 in the first quarter of 2024, reflecting a growth of approximately 33.5%[22] - The total comprehensive income for the first quarter of 2025 was CNY 40,208,417.97, compared to CNY 23,149,665.06 in the first quarter of 2024, representing an increase of about 73.6%[19] - The basic and diluted earnings per share for the first quarter of 2025 were both CNY 0.32, compared to CNY 0.18 in the first quarter of 2024, indicating a growth of approximately 77.8%[19] Cash Flow and Expenses - The company's cash flow from operating activities decreased by 35.70%, totaling ¥18,620,752.48, down from ¥28,960,824.34 in the same period last year[4] - The net cash flow from operating activities for the first quarter of 2025 was CNY 18,620,752.48, down from CNY 28,960,824.34 in the first quarter of 2024, a decrease of approximately 35.6%[22] - The net cash flow from investing activities for the first quarter of 2025 was -CNY 288,098,537.07, an improvement from -CNY 355,326,989.91 in the first quarter of 2024[23] - The company reported a decrease in financial expenses, with interest expenses of CNY 1,693,694.65 in the first quarter of 2025, compared to CNY 1,925,336.59 in the first quarter of 2024, a reduction of about 12.0%[18] Research and Development - Research and development expenses totaled ¥57,241,545.34, accounting for 18.99% of revenue, a decrease of 7.91 percentage points from the previous year[5] - Research and development expenses for the first quarter of 2025 amounted to CNY 57,241,545.34, slightly higher than CNY 54,695,490.68 in the first quarter of 2024, showing an increase of about 4.6%[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,049,656,457.70, reflecting a 3.40% increase from ¥2,949,377,669.30 at the end of the previous year[5] - Cash and cash equivalents as of March 31, 2025, were RMB 130,360,676.71, down from RMB 392,621,594.28 as of December 31, 2024[13] - Total current assets increased to RMB 2,533,875,628.49 as of March 31, 2025, compared to RMB 2,461,264,671.67 at the end of 2024[13] - Total assets amounted to RMB 3,049,656,457.70 as of March 31, 2025, up from RMB 2,949,377,669.30 at the end of 2024[15] - Total liabilities increased to RMB 521,610,734.90 as of March 31, 2025, compared to RMB 462,806,645.48 at the end of 2024[15] - Shareholders' equity as of March 31, 2025, was RMB 2,528,045,722.80, an increase from RMB 2,486,571,023.82 at the end of 2024[15] - Inventory as of March 31, 2025, was RMB 343,432,429.97, compared to RMB 309,413,300.78 at the end of 2024, showing a 10.9% increase[13] - The company reported a significant increase in accounts receivable, totaling RMB 169,018,150.42 as of March 31, 2025, compared to RMB 163,818,717.26 at the end of 2024[13] Strategic Insights - The company attributed revenue growth to the "Power Semi Total Solution" strategy, with new products in high/low voltage drive chips and digital power chips growing over 120% year-on-year[8] - Total operating costs for Q1 2025 were RMB 263,714,050.06, up from RMB 194,318,485.87 in Q1 2024, reflecting a 35.7% increase[17] - Operating income for Q1 2025 was RMB 301,412,185.19, compared to RMB 203,344,442.54 in Q1 2024, indicating strong growth in sales[17]