Financial Performance - The company reported a revenue of CNY 4.26 billion in Q1 2025, a decrease of 4.41% compared to CNY 4.45 billion in the same period last year[5]. - The net loss attributable to shareholders was CNY 151.81 million, representing a decline of 139.52% from a profit of CNY 384.10 million in the previous year[5]. - The company's net profit decreased to CNY 1,562,302,376.15 from CNY 1,714,116,887.67, a decline of 8.8%[28]. - The company reported a net profit of -142,919,117.28 yuan for the current period, a significant decrease compared to a net profit of 382,952,410.49 yuan in the previous period[30]. - Operating income was CNY 4,256,456,756.59, reflecting a decline in performance compared to the previous year's figures[29]. - The total comprehensive income for the current period was -54,391,595.02 yuan, down from 376,422,995.10 yuan in the previous period[30]. - The company reported a basic earnings per share of -0.37, compared to 0.93 in the previous period[30]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 153.03 million, a 119.75% increase from a negative cash flow of CNY 774.67 million in the same period last year[5]. - The company generated operating cash flow of 153,033,415.95 yuan, a recovery from a negative cash flow of -774,673,035.67 yuan in the previous period[32]. - Cash and cash equivalents at the end of the period increased to 1,102,328,881.05 yuan, compared to 900,245,637.04 yuan at the end of the previous period[33]. - The company received cash from sales of goods and services amounting to 4,346,241,434.71 yuan, an increase from 4,291,078,368.41 yuan in the previous period[32]. - The company incurred total cash outflows from operating activities of 4,409,190,583.57 yuan, down from 5,220,539,358.53 yuan in the previous period[32]. - The company raised 1,699,928,182.29 yuan through financing activities, a decrease from 1,996,065,315.77 yuan in the previous period[33]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 17.19 billion, an increase of 1.72% from CNY 16.90 billion at the end of the previous year[5]. - Total assets reached CNY 17,187,425,690.67, up from CNY 16,896,667,412.13, indicating a growth of 1.7%[28]. - Total liabilities increased to CNY 10,303,893,033.91 from CNY 9,997,161,681.68, marking a rise of 3.1%[28]. Operational Highlights - The company's Lexar brand business revenue grew by 20.73% year-on-year, while the acquisition of Brazil's Zilia contributed to a 45.08% increase in revenue[13]. - The enterprise storage product portfolio (eSSD and RDIMM) achieved a revenue of CNY 319 million, with a year-on-year growth of over 200%[13]. - The company launched its self-developed UFS controller chip WM7000 series in March 2025, marking significant progress in its R&D efforts[13]. - The company is transitioning towards becoming a comprehensive semiconductor storage brand, indicating a healthy and stable operational performance during the reporting period[14]. Shareholder Information - As of the end of the reporting period, the total number of common shareholders was 31,897, with no preferred shareholders having restored voting rights[16]. - The largest shareholder, Cai Huabo, holds 38.96% of the shares, amounting to 162,071,900 shares[16]. - The company will not distribute cash dividends or increase capital reserves for the fiscal year 2024, as approved in the shareholder meeting[22]. Provisions and Impairments - The company reported a provision for bad debts of 1.732 million RMB and inventory impairment losses of 565.2972 million RMB for the year 2024[20]. - For Q1 2025, the company recorded a provision for bad debts of 721,800 RMB and inventory impairment losses of 116.6211 million RMB[21]. Auditor and Future Plans - The company has appointed Ernst & Young Hua Ming as the auditor for the fiscal year 2025[23]. - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[24]. Market Outlook - The semiconductor storage market is expected to gradually recover starting from the end of March 2025, driven by reduced inventory levels among downstream customers[12].
江波龙(301308) - 2025 Q1 - 季度财报