Chipsea(SH:688595)2025-04-29 13:48Financial Performance - The company achieved total revenue of CNY 158.38 million in Q1 2025, representing a year-on-year increase of 4.66%[3] - The net loss attributable to shareholders was CNY 24.04 million, a reduction in loss of CNY 1.14 million compared to the same period last year[3] - The gross profit margin for the quarter was 37.19%, an increase of 3% year-on-year due to product mix and cost optimization[3] - Total revenue for Q1 2025 was CNY 158,383,617.52, an increase of 4.4% compared to CNY 151,325,096.99 in Q1 2024[19] - Net loss for Q1 2025 was CNY 23,553,389.32, an improvement from a net loss of CNY 35,280,460.95 in Q1 2024[20] - Operating profit for Q1 2025 was CNY -25,969,320.81, compared to CNY -35,514,619.30 in Q1 2024, indicating a reduction in losses[20] - Basic and diluted earnings per share for Q1 2025 were both CNY -0.17, an improvement from CNY -0.25 in Q1 2024[21] Research and Development - Research and development expenses totaled CNY 60.76 million, accounting for 38.36% of total revenue, a decrease of 2.52 percentage points from the previous year[4] - Research and development expenses for Q1 2025 were CNY 60,759,234.29, slightly down from CNY 61,871,670.91 in Q1 2024[20] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 40.97 million, slightly improved from -CNY 42.28 million in the previous year[3] - Cash generated from operating activities in Q1 2025 was CNY 172,471,260.51, an increase from CNY 145,317,419.99 in Q1 2024[23] - Total cash inflow from operating activities amounted to $179.90 million, compared to $155.99 million previously, indicating a growth of approximately 15.3%[24] - Cash outflow from operating activities totaled $220.87 million, up from $198.27 million, reflecting an increase of about 11.4%[24] - Cash flow from investing activities was -$33.88 million, showing a decrease from -$42.42 million in the prior period[24] - Total cash and cash equivalents at the end of the period were $487.62 million, an increase from $421.33 million previously[25] Assets and Liabilities - The company's total assets at the end of the quarter were CNY 1.60 billion, down 5.55% from the end of the previous year[4] - Total liabilities decreased to CNY 857,109,569.35 in Q1 2025 from CNY 938,406,969.87 in Q1 2024, a reduction of approximately 8.6%[16] - Total assets decreased to CNY 1,601,183,501.66 in Q1 2025 from CNY 1,695,250,450.25 in Q1 2024, reflecting a decline of about 5.5%[16] - The company's total equity decreased to CNY 744,073,932.31 in Q1 2025 from CNY 756,843,480.38 in Q1 2024, a decrease of approximately 1.7%[16] Shareholder Information - The top shareholder, Lu Guojian, holds 27.98% of the shares, while the second-largest shareholder holds 14.26%[10] - The company has no significant changes in shareholder structure or participation in margin trading activities[11] Government Support - The company received government subsidies amounting to CNY 399,782.68, which positively impacted the financial results[5] Inventory and Receivables - Accounts receivable decreased to ¥128,448,330.29 from ¥136,000,569.11, a decline of about 5.4%[14] - Inventory increased to ¥317,012,547.26 from ¥287,655,471.44, reflecting a growth of approximately 10.2%[14] - Total current assets amounted to ¥1,106,084,699.31, down from ¥1,205,257,242.84, indicating a decrease of around 8.2%[14] Other Information - The company has not reported any new product launches or technological advancements during the quarter[12] - There are no significant mergers or acquisitions reported in the current financial period[12] - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[25]