中微半导(688380) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was CNY 206,498,167.84, representing a slight increase of 0.52% compared to CNY 205,428,958.59 in the same period last year[4]. - Net profit attributable to shareholders increased by 19.40% to CNY 34,420,237.01 from CNY 28,827,267.91 year-on-year[4]. - The net profit after deducting non-recurring gains and losses rose by 31.75% to CNY 32,580,109.54, up from CNY 24,728,451.82 in the previous year[4]. - Operating profit for Q1 2025 was CNY 35,345,477.14, up from CNY 28,299,452.71 in Q1 2024, indicating a growth of about 25.5%[19]. - Net profit for Q1 2025 reached CNY 34,420,237.01, compared to CNY 28,827,267.91 in Q1 2024, reflecting an increase of approximately 19.5%[20]. - Basic and diluted earnings per share for Q1 2025 were both CNY 0.09, up from CNY 0.07 in Q1 2024[20]. Cash Flow - The net cash flow from operating activities decreased by 19.75% to CNY 56,154,574.22 compared to CNY 69,972,496.43 in the same quarter last year[4]. - Operating cash inflow totaled $222,612,810.79, a slight decrease from $234,198,964.99 in the previous period[24]. - Operating cash outflow amounted to $166,458,236.57, compared to $164,226,468.56 previously, resulting in a net cash flow from operating activities of $56,154,574.22, down from $69,972,496.43[24]. - Cash inflow from investment activities was $510,836,297.40, significantly higher than $176,828,116.69 in the prior period[24]. - Cash outflow from investment activities reached $578,226,573.79, compared to $169,391,356.50 previously, leading to a net cash flow from investment activities of -$67,390,276.39, down from $7,436,760.19[24]. - Cash flow from financing activities resulted in a net outflow of -$1,766,566.03, compared to -$3,170,232.12 in the previous period[25]. - The net increase in cash and cash equivalents was -$12,963,354.39, compared to an increase of $74,176,375.66 in the prior period[25]. - The ending balance of cash and cash equivalents stood at $202,918,681.28, down from $991,431,778.17 at the end of the previous period[25]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 3,288,691,917.91, a decrease of 0.62% from CNY 3,309,304,222.53 at the end of the previous year[5]. - Total liabilities decreased to CNY 260,721,338.06 from CNY 315,934,369.88, indicating a reduction of approximately 17.5%[16]. - Shareholders' equity increased to CNY 3,027,970,579.85 from CNY 2,993,369,852.65, reflecting a growth of about 1.2%[16]. - Non-current assets totaled CNY 224,020,315.57, a decrease from CNY 230,326,062.09 in the previous period[16]. Research and Development - Research and development expenses totaled CNY 23,127,302.63, a decrease of 6.14% from CNY 24,639,854.37, with R&D expenses accounting for 11.20% of operating revenue, down from 11.99%[5]. - The company reported a decrease in research and development expenses to CNY 23,127,302.63 from CNY 24,639,854.37, a decline of approximately 6.1%[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,757[8]. - The top shareholder, Yang Yong, holds 126,000,000 shares, representing 31.47% of the total shares[10]. - The second-largest shareholder, Zhou Yan, holds 91,800,000 shares, accounting for 22.93% of the total shares[10]. - The company has a total of 1,506,639 shares held in its repurchase account as of the end of the reporting period[11]. - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[12]. - The company has not disclosed any significant changes in the operational situation during the reporting period[12]. Government Support - The company received government subsidies amounting to CNY 993,852.38, which are related to the integrated circuit industry development support plan[6]. Inventory and Receivables - As of March 31, 2025, the company's total current assets amounted to approximately ¥3.06 billion, a slight decrease from ¥3.08 billion as of December 31, 2024[14]. - The company's cash and cash equivalents decreased to approximately ¥202.92 million from ¥215.88 million, reflecting a decline of about 5.5%[14]. - The company's accounts receivable decreased to approximately ¥124.40 million from ¥154.73 million, representing a decline of about 19.6%[14]. - Inventory decreased to approximately ¥357.80 million from ¥376.08 million, a reduction of about 4.9%[14]. - The company's total non-current assets include fixed assets valued at approximately ¥124.93 million, down from ¥127.81 million[14]. Profitability - The gross profit margin for the company's products improved to 34.46%, an increase of 7 percentage points compared to the previous year[7]. - Cash received from sales of goods and services in Q1 2025 was CNY 214,269,842.25, compared to CNY 207,255,058.79 in Q1 2024, showing an increase of about 3.9%[23]. Employee Compensation - Employee compensation payments increased to $64,654,333.22 from $48,377,033.63, indicating a rise in labor costs[24].