BPSemi(SH:688368)2025-04-29 13:43Financial Performance - The company achieved operating revenue of CNY 326.57 million, a year-on-year increase of 2.48%[5] - The net profit attributable to shareholders was CNY -6.68 million, a year-on-year improvement of 77.28%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -9.63 million, a year-on-year improvement of 68.32%[5] - Total revenue for Q1 2025 was CNY 326,574,039.81, an increase from CNY 318,671,912.60 in Q1 2024, representing a growth of approximately 0.28%[22] - Operating profit for Q1 2025 was reported at CNY -4,383,587.51, an improvement compared to CNY -25,119,570.51 in Q1 2024[23] - Net profit for Q1 2025 was CNY -2,790,522.84, significantly better than CNY -24,818,519.97 in Q1 2024, indicating a reduction in losses[24] - The company reported a basic and diluted earnings per share of CNY -0.08 for Q1 2025, an improvement from CNY -0.47 in Q1 2024[24] - The company’s total assets decreased from CNY 2,147,443,356.56 to CNY 1,993,219,340.76, a decline of approximately 7.19%[20] - Shareholders' equity decreased from CNY 1,317,101,958.68 to CNY 1,303,653,840.29, a slight decline of approximately 1.02%[20] Cash Flow - The net cash flow from operating activities was CNY -3.90 million, a year-on-year decrease of 105.44%[6] - In Q1 2025, the company reported cash inflows from operating activities of CNY 328,499,083.05, a decrease of 4.0% compared to CNY 343,683,070.49 in Q1 2024[26] - The net cash outflow from operating activities was CNY -3,895,414.78, contrasting with a net inflow of CNY 71,588,510.41 in the same period last year[26] - Cash inflows from investment activities totaled CNY 29,401,004.18, down 49.6% from CNY 58,415,099.35 in Q1 2024[27] - The net cash flow from investment activities was CNY 23,959,407.20, slightly up from CNY 23,629,599.35 year-over-year[27] - Cash inflows from financing activities increased significantly to CNY 83,260,721.56, compared to CNY 25,000,000.00 in Q1 2024, marking a 233.0% increase[27] - The net cash outflow from financing activities was CNY -51,461,940.10, an improvement from CNY -116,201,888.33 in the previous year[27] Assets and Liabilities - The company's total assets as of March 31, 2025, were CNY 1.99 billion, a decrease of 7.18% from the end of 2024[5] - Total current assets as of March 31, 2025, amount to ¥989,267,699.67, a decrease from ¥1,100,285,746.60 at the end of 2024[18] - Total liabilities decreased from CNY 830,341,397.88 to CNY 689,565,500.47, a reduction of about 16.93%[20] - Current liabilities decreased to CNY 778,732,722.98 from CNY 879,431,494.47 at the end of 2024, reflecting a reduction of 11.4%[31] - The company's total equity as of March 31, 2025, was CNY 1,600,745,187.34, down from CNY 1,624,602,234.78 at the end of 2024[31] Shareholder Information - Total number of common shareholders at the end of the reporting period is 6,134[13] - The largest shareholder, Hu Liqiang, holds 24.40% of shares with 21,428,995 shares[15] - The second largest shareholder, Xia Feng, holds 22.35% of shares with 19,630,184 shares[15] - There are no significant changes in the top 10 shareholders due to securities lending or borrowing[16] Research and Development - R&D expenses totaled CNY 81.28 million, accounting for 24.89% of operating revenue, a decrease of 3.87 percentage points year-on-year[9] - Research and development expenses for Q1 2025 were CNY 81,275,796.44, down from CNY 91,660,255.65 in Q1 2024, a decrease of approximately 11.36%[23] - Research and development expenses increased to ¥59.46 million in Q1 2025, up from ¥55.21 million in Q1 2024, reflecting a focus on innovation[32] Other Financial Metrics - The overall gross margin for the reporting period was 40.10%, an increase of 6.40 percentage points year-on-year[5] - The weighted average return on net assets increased by 1.64 percentage points compared to the previous year[5] - The company experienced a significant increase in cash payments to employees due to the addition of overseas staff[6] - Other income for Q1 2025 was CNY 3,480,356.10, compared to CNY 4,360,515.01 in Q1 2024, reflecting a decline of about 20.11%[23] - The company experienced a significant increase in financial expenses, with interest expenses at ¥3.63 million in Q1 2025, down from ¥5.49 million in Q1 2024[32]