银河微电(688689) - 2025 Q1 - 季度财报

Financial Performance - The company's revenue for the first quarter was CNY 218,412,648.12, representing a year-on-year increase of 12.11% compared to CNY 194,812,529.92[3] - Net profit attributable to shareholders decreased by 64.77% to CNY 6,100,171.29 from CNY 17,316,318.22 in the same period last year[3] - The net profit after deducting non-recurring gains and losses fell by 91.44% to CNY 961,136.35, down from CNY 11,227,187.41[3] - Total operating revenue for Q1 2025 reached ¥218,412,648.12, an increase of 12.06% compared to ¥194,812,529.92 in Q1 2024[18] - Net profit for Q1 2025 was ¥3,676,190.20, a decrease of 78.42% from ¥17,037,013.31 in Q1 2024[19] - Operating profit for Q1 2025 was ¥5,671,453.81, down 69.62% from ¥18,610,037.45 in Q1 2024[18] - The company reported a total profit of ¥5,977,968.09 for Q1 2025, a decrease of 68.15% from ¥18,765,592.03 in Q1 2024[19] Cash Flow - The company's cash flow from operating activities was CNY 4,174,234.60, a significant improvement from a negative cash flow of CNY -2,617,400.78 in the previous year[3] - Cash flow from operating activities for Q1 2025 was ¥4,174,234.60, compared to a negative cash flow of ¥2,617,400.78 in Q1 2024[20] - Cash flow from investing activities for Q1 2025 was ¥11,480,995.47, an improvement from a negative cash flow of ¥91,384,079.25 in Q1 2024[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,207,500,952.24, a slight increase of 0.08% from CNY 2,205,810,186.87 at the end of the previous year[4] - As of March 31, 2025, the total current assets amounted to RMB 1,673,142,796.83, a slight increase from RMB 1,663,428,727.20 as of December 31, 2024, reflecting a growth of approximately 0.04%[13] - The total liabilities decreased slightly to RMB 837,174,070.90 from RMB 840,355,674.45, indicating a reduction of approximately 0.3%[15] - The total assets as of March 31, 2025, were RMB 2,207,500,952.24, compared to RMB 2,205,810,186.87 on December 31, 2024, showing a marginal increase of about 0.08%[15] - The company's total equity increased to RMB 1,370,326,881.34 from RMB 1,365,454,512.42, reflecting a growth of approximately 0.5%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,994[9] Research and Development - Research and development expenses totaled CNY 14,683,474.92, an increase of 24.64% from CNY 11,780,245.37, accounting for 6.72% of revenue[4] - The company experienced a significant increase in research and development expenses, which rose to ¥14,683,474.92 in Q1 2025 from ¥11,780,245.37 in Q1 2024, marking a 24.36% increase[18] Market Conditions - The company attributed the decline in net profit to intensified market competition and increased fixed costs due to the establishment of a new subsidiary[7] Earnings Per Share - The basic and diluted earnings per share were both CNY 0.05, down 61.54% from CNY 0.13 in the same period last year[3] - Basic earnings per share for Q1 2025 were ¥0.05, down from ¥0.13 in Q1 2024[19]