Financial Performance - The company's operating revenue for Q1 2025 was ¥138,818,685.56, a decrease of 59.23% compared to ¥340,523,987.91 in the same period last year[4] - The net profit attributable to shareholders was a loss of ¥25,813,105.48, representing a decline of 146.35% from a profit of ¥55,693,782.94 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥28,019,441.81, down 154.56% from ¥51,350,957.53 year-on-year[4] - The weighted average return on net assets was -1.91%, a decrease of 8.48 percentage points from 6.57% in the previous year[4] - The basic and diluted earnings per share were both -¥0.22, down 135.48% from ¥0.62 in the same period last year[4] - The company reported a comprehensive loss of ¥26,317,550.02 for Q1 2025, compared to a comprehensive income of ¥56,172,502.24 in Q1 2024[26] Cash Flow and Liquidity - The net cash flow from operating activities turned positive at ¥3,984,590.00, compared to a negative cash flow of ¥65,818,734.18 in the same period last year[4] - Cash flow from operating activities showed significant changes, impacting liquidity and future operational strategies[25] - In Q1 2025, the net cash flow from operating activities was ¥3,984,590, a significant improvement compared to a net outflow of ¥65,818,734 in Q1 2024[29] - Total cash inflow from operating activities in Q1 2025 was ¥301,305,179, while cash outflow was ¥297,320,589, resulting in a positive cash flow[29] - The company reported a cash and cash equivalents balance of ¥846,026,781.57 at the end of Q1 2025, down from ¥491,187,491.98 in Q1 2024[30] - The net increase in cash and cash equivalents for Q1 2025 was negative at ¥-8,289,311.60, contrasting with a positive increase of ¥82,660,093.28 in Q1 2024[30] Research and Development - Research and development expenses totaled ¥42,841,002.28, an increase of 40.81% from ¥30,423,827.90 in the previous year[5] - The proportion of R&D expenses to operating revenue was 30.86%, up 21.93 percentage points from 21.93% year-on-year[5] - The company has made significant progress in its one-stop chip customization services, with multiple chip customization projects entering the design phase and expected to tape out within the year[14] - The self-developed automotive-grade MCU platform has entered the tape-out stage, featuring dual-core design and multiple safety mechanisms, enhancing its performance and reliability[15] - The company has achieved positive advancements in high-speed interface IP technology, with successful verification and mass production of DDR, Serdes, PCIE, MIPI, and USB IP on the 28HKC+ process platform[17] - The self-developed 4.5GHz fractional-N PLL IP provides critical technical support for the one-stop chip customization business, applicable across various industries including IoT and industrial control[18] - The company is actively expanding into new business areas, achieving progress in the development of automotive-grade chip platforms, high-speed interface IP, and high-performance analog IP[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,789,328,869.34, an increase of 3.11% from ¥1,735,365,244.83 at the end of the previous year[5] - Total liabilities increased to ¥447,606,897.04 from ¥370,000,781.58, reflecting a rise of 20.9%[22] - The company's equity attributable to shareholders decreased to ¥1,341,721,972.30 from ¥1,365,364,463.25, a decline of 1.7%[22] Order Backlog and Business Outlook - As of March 31, 2025, the company had a total order backlog of RMB 899 million, with design business orders at RMB 340 million and volume production orders at RMB 559 million, reflecting a quarter-on-quarter increase of 11.38%[13] - The company's contract liabilities increased by 40.91% quarter-on-quarter, primarily due to advance payments for its one-stop chip customization services[13] - As of the end of the reporting period, the company's order backlog showed a rebound, with multiple new projects entering the design phase and expected to tape out within the year[18]
灿芯股份(688691) - 2025 Q1 - 季度财报