3PEAK(SH:688536)2025-04-28 09:55Financial Performance - The company achieved operating revenue of RMB 421.79 million in Q1 2025, representing a year-on-year increase of 110.88%[4] - Net profit attributable to shareholders was RMB 15.56 million, a significant turnaround from a loss of RMB 49.17 million in the same period last year[4] - Operating profit for Q1 2025 was approximately ¥15.67 million, recovering from a loss of ¥48.47 million in Q1 2024[22] - Net profit for Q1 2025 was approximately ¥15.56 million, compared to a net loss of ¥49.17 million in Q1 2024, indicating a turnaround in profitability[24] - The company reported a significant increase in short-term borrowings, which were not specified in the provided data[19] Cash Flow and Assets - The net cash flow from operating activities increased by 132.62% to RMB 28.32 million compared to RMB 12.18 million in the previous year[7] - The company reported a net cash flow from operating activities of approximately ¥28.32 million in Q1 2025, up from ¥12.18 million in Q1 2024[25] - Cash inflow from investment activities in Q1 2025 was approximately ¥3.12 billion, significantly higher than ¥1.09 billion in Q1 2024[25] - Cash flow from investment activities totaled $2,894,745,278.94, an increase from $1,468,402,849.67 year-over-year[26] - Net cash flow generated from investment activities was $226,388,699.36, compared to a negative $375,611,547.61 in the previous year[26] - Cash and cash equivalents increased to CNY 1.50 billion from CNY 1.30 billion, representing a growth of 15.6%[19] - Cash and cash equivalents at the end of the period amounted to $1,498,579,200.23, up from $985,231,107.71 year-over-year[26] - The net increase in cash and cash equivalents was $246,734,847.49, contrasting with a decrease of $400,109,529.86 in the prior year[26] - Cash outflow from financing activities was $7,609,890.14, a decrease from $36,547,707.93 year-over-year[26] - The impact of exchange rate changes on cash and cash equivalents was a negative $366,791.95, compared to a negative $125,757.91 in the previous year[26] Research and Development - Research and development (R&D) expenses totaled RMB 12.83 million, a slight increase of 2.26% year-on-year, while the R&D expense ratio to operating revenue decreased by 32.30 percentage points to 30.41%[5][7] - Research and development expenses for Q1 2025 were approximately ¥128.26 million, slightly up from ¥125.43 million in Q1 2024[22] Revenue Breakdown - Signal chain chip products generated revenue of RMB 28.66 million, up 64.86% year-on-year, while power management chip products saw revenue of RMB 13.50 million, a remarkable increase of 416.53%[6] - Total revenue for Q1 2025 reached approximately ¥421.79 million, a significant increase of 110.9% compared to ¥200.01 million in Q1 2024[22] Assets and Liabilities - The total assets at the end of the reporting period were RMB 6.18 billion, a slight decrease of 0.38% from the end of the previous year[5] - As of March 31, 2025, the company's total assets amounted to approximately CNY 6.18 billion, a slight decrease from CNY 6.20 billion as of December 31, 2024, reflecting a 0.37% decline[19][20] - Total liabilities decreased from approximately ¥899.81 million in the previous period to ¥857.31 million[21] - The company's total liabilities decreased to CNY 2.73 billion from CNY 2.75 billion, reflecting a decline of 0.73%[20] - The company's equity remained stable at approximately CNY 3.44 billion, consistent with the previous period[20] - Total current assets decreased slightly to CNY 4.08 billion from CNY 4.11 billion, a decline of 0.73%[19] - The company's inventory decreased to CNY 332.35 million from CNY 385.55 million, a reduction of 13.8%[19] - Non-current assets totaled CNY 2.09 billion, a marginal increase from CNY 2.09 billion, showing a growth of 0.04%[20] - Total equity attributable to shareholders increased to approximately ¥5.32 billion, up from ¥5.30 billion[21] Strategic Focus - The company plans to focus on the analog and mixed-signal product lines and continue to deepen its market presence in industrial, automotive, and communication sectors[7] - The merger with Shenzhen Chuangxin Microelectronics Co., Ltd. contributed to the significant revenue growth during the quarter[6] Other Information - The company has not disclosed any new product developments or market expansion strategies during this reporting period[16] - The company did not apply new accounting standards starting from 2025[27] - The weighted average return on equity rose by 1.17 percentage points to 0.29%[5] - The company reported a comprehensive gross margin of 46.43%, a decrease of 1.20 percentage points year-on-year but an increase of 1.16 percentage points quarter-on-quarter[6] - The company achieved a gross profit margin of approximately 1.76% in Q1 2025, compared to a negative margin in the same period last year[22]