盛科通信(688702) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥223,001,866.94, a decrease of 12.30% compared to ¥254,278,747.28 in the same period last year[4] - The net profit attributable to shareholders was -¥15,197,734.73, worsening from -¥6,068,799.04 year-on-year[4] - The weighted average return on net assets was -0.65%, compared to -0.26% in the previous year[4] - Basic and diluted earnings per share for Q1 2025 were both CNY -0.04, compared to CNY -0.01 in Q1 2024[19] - Net loss for Q1 2025 was CNY 15,197,734.73, compared to a net loss of CNY 6,068,799.04 in Q1 2024, representing a significant increase in losses[19] Research and Development - Research and development (R&D) expenses totaled ¥110,612,442.24, an increase of 18.41% from ¥93,415,905.36 in the previous year, representing 49.60% of operating revenue[5] - The company emphasized a long-term strategy focused on technological innovation, which has led to increased R&D investment despite short-term profit pressures[8] - Research and development expenses increased to CNY 110,612,442.24 in Q1 2025, up 18.4% from CNY 93,415,905.36 in Q1 2024[18] Cash Flow and Liquidity - The net cash flow from operating activities was ¥92,104,579.44, a significant improvement from -¥81,177,019.43 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was CNY 92,104,579.44, a turnaround from a negative cash flow of CNY -81,177,019.43 in Q1 2024[22] - Cash inflow from investment activities in Q1 2025 was CNY 680,650,780.31, compared to CNY 201,169,586.85 in Q1 2024, indicating a substantial increase[22] - The company's cash and cash equivalents as of March 31, 2025, amount to ¥940,097,986.75, an increase from ¥671,282,995.20 at the end of 2024[14] - The ending balance of cash and cash equivalents reached $940,097,986.75, down from $1,146,025,185.13[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,606,905,267.26, a decrease of 2.07% from ¥2,662,111,030.50 at the end of the previous year[5] - Total current assets decreased to ¥2,300,360,359.02 from ¥2,348,884,067.03[14] - Total liabilities decreased from CNY 328,827,787.23 in the previous period to CNY 278,492,150.96[16] - The total equity attributable to shareholders decreased slightly from CNY 2,333,283,243.27 to CNY 2,328,413,116.30[16] Shareholder Information - Total number of common shareholders at the end of the reporting period is 7,844[11] - The largest shareholder, China Zhinhua Electronics Group Co., Ltd., holds 87,172,346 shares, accounting for 21.26% of total shares[11] - The company has a total of 70,664,238 unrestricted circulating shares held by the National Integrated Circuit Industry Investment Fund[12] Other Income and Expenses - Non-recurring gains and losses amounted to ¥21,395,599.68, primarily driven by government subsidies and other non-operating income[7] - The company reported a significant increase in other income to CNY 18,955,647.12 in Q1 2025, up from CNY 12,267,775.89 in Q1 2024[18] Inventory and Accounts Payable - The company has completed its inventory strategy reserve, resulting in a decrease in payment for goods compared to the previous year[9] - Inventory decreased to ¥659,065,757.85 from ¥735,391,692.22[14] - Accounts payable increased to ¥68,545,386.50 from ¥66,855,356.81[15] Accounting Standards - The company did not apply new accounting standards starting from 2025[23]