东芯股份(688110) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥142,253,839.61, representing a year-on-year increase of 33.90% compared to ¥106,242,243.58 in the same period last year[6]. - The net profit attributable to shareholders of the listed company was -¥59,241,841.00, an increase of 33.11% in absolute terms compared to -¥44,504,563.57 in the previous year[7]. - Total operating revenue for Q1 2025 reached ¥142,253,839.61, a 33.9% increase from ¥106,242,243.58 in Q1 2024[22]. - Net loss for Q1 2025 was ¥63,380,422.92, compared to a net loss of ¥48,249,770.80 in Q1 2024, representing a 31.3% increase in losses[23]. - The total comprehensive income attributable to minority shareholders for Q1 2025 was -4,678,725.43 RMB, compared to -8,470,291.61 RMB in Q1 2024, indicating an improvement[24]. - Basic and diluted earnings per share for Q1 2025 were both -0.14 RMB, compared to -0.10 RMB in Q1 2024[24]. Research and Development - Research and development expenses totaled ¥55,944,104.14, up 14.47% from ¥48,872,070.49 in the previous year, accounting for 39.33% of operating revenue, a decrease of 6.67 percentage points[6]. - Research and development expenses for Q1 2025 amounted to ¥55,944,104.14, an increase of 14.3% from ¥48,872,070.49 in Q1 2024[22]. - The company continues to focus on high-level R&D investments to upgrade storage chip processes and improve reliability, aiming for integration in the "storage, computing, and connectivity" field[7]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥54,353,654.24, an improvement from -¥69,692,257.96 in the previous year[6]. - The company's cash flow from operating activities showed a significant decline, impacting overall liquidity[22]. - Cash inflow from operating activities for Q1 2025 was 220,609,141.59 RMB, slightly up from 220,598,639.02 RMB in Q1 2024[25]. - Cash outflow from operating activities for Q1 2025 was 274,962,795.83 RMB, down from 290,290,896.98 RMB in Q1 2024[25]. - Net cash flow from operating activities for Q1 2025 was -54,353,654.24 RMB, an improvement from -69,692,257.96 RMB in Q1 2024[25]. - The ending cash and cash equivalents balance for Q1 2025 was 477,369,159.92 RMB, down from 1,565,314,292.55 RMB in Q1 2024[26]. - The company reported a significant increase in cash received from investment recoveries, totaling 592,047,500.00 RMB in Q1 2025, compared to 136,215,000.00 RMB in Q1 2024[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,435,584,092.64, a decrease of 2.70% from ¥3,530,781,006.35 at the end of the previous year[6]. - Total liabilities decreased from ¥161,204,671.14 to ¥126,303,254.71, a reduction of about 21.6%[19]. - The total equity attributable to shareholders decreased from ¥3,209,317,640.11 to ¥3,153,700,868.26, a decline of approximately 1.7%[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 20,372[14]. - The largest shareholder, Dongfang Hengxin Group Co., Ltd., holds 151,624,562 shares, representing 34.28% of the total shares[15]. - The second largest shareholder, Suzhou Dongxin Kechuang Equity Investment Partnership, holds 22,500,000 shares, accounting for 5.09%[15]. - The company has a repurchase account holding 8,725,033 shares, which is 1.97% of the total share capital of 442,249,758 shares[15]. - There are no significant changes in the shareholding structure due to the transfer of shares for margin trading[16]. Investment Activities - The company confirmed an investment loss of approximately ¥14,780,000 related to its investment in Lishan Technology (Shanghai) Co., Ltd., which is still in the R&D and industrialization phase[7]. - The company reported an investment loss of ¥9,878,364.20 in Q1 2025, compared to a gain of ¥4,849,880.59 in Q1 2024[22]. - Cash inflow from investment activities for Q1 2025 was 631,685,070.84 RMB, significantly higher than 136,996,768.47 RMB in Q1 2024[26]. - Net cash flow from investment activities for Q1 2025 was -185,344,799.23 RMB, compared to -45,716,005.32 RMB in Q1 2024[26]. Operational Overview - The company is actively expanding its market presence in key applications such as network communication, security monitoring, consumer electronics, industrial control, and automotive electronics[7]. - The company has not reported any other significant operational issues during the reporting period[17].