明微电子(688699) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥110,469,144.20, representing a decrease of 11.76% compared to ¥125,188,118.31 in the same period last year[3] - The net profit attributable to shareholders was -¥33,281,556.45, a significant decline of 2,981.27% from a profit of ¥1,155,098.72 in the previous year[3] - The basic and diluted earnings per share were both -¥0.30, down 3,100.00% from ¥0.01 in the same period last year[3] - The decline in revenue and profit was primarily attributed to intense competition in the downstream market and a decrease in product prices, leading to significant inventory impairment losses[8] - Total operating revenue for Q1 2025 was CNY 110,469,144.20, a decrease of 11.0% from CNY 125,188,118.31 in Q1 2024[14] - Net profit for Q1 2025 was a loss of CNY 33,281,556.45, compared to a profit of CNY 1,155,098.72 in Q1 2024[15] - Basic and diluted earnings per share for Q1 2025 were both CNY -0.30, compared to CNY 0.01 in Q1 2024[15] Research and Development - Research and development expenses totaled ¥28,118,028.96, an increase of 8.42% from ¥25,935,461.42 in the previous year[3] - The ratio of R&D expenses to operating revenue increased to 25.45%, up 4.73 percentage points from 20.72% in the previous year[4] - Research and development expenses for Q1 2025 were CNY 28,118,028.96, up from CNY 25,935,461.42 in Q1 2024[14] Cash Flow and Assets - The net cash flow from operating activities was -¥5,748,368.48, an improvement from -¥15,054,830.31 in the same period last year[3] - Current assets totaled RMB 790,515,636.49, down from RMB 856,083,968.30, indicating a reduction of about 7.7%[12] - Cash and cash equivalents increased to RMB 59,421,420.02 from RMB 57,048,973.23, showing a growth of approximately 4.1%[11] - Inventory decreased to RMB 196,152,581.56 from RMB 228,184,980.27, representing a decline of around 14.0%[12] - Short-term borrowings significantly decreased to RMB 10,008,250.00 from RMB 51,230,007.97, a reduction of approximately 80.5%[12] - The company reported a cash outflow of $2,755,992.66 related to financing activities, which is an increase from $15,762,024.48 in the previous year[18] - The total cash outflow for investment activities was $185,450,617.21, up from $142,768,749.52 in the same quarter last year[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,387,567,556.19, a decrease of 6.59% from ¥1,485,432,000.36 at the end of the previous year[4] - Shareholders' equity attributable to shareholders was ¥1,204,890,618.10, down 2.69% from ¥1,238,252,829.30 at the end of the previous year[4] - The company's total liabilities decreased to CNY 182,676,938.09 from CNY 247,179,171.06 year-over-year[14] - The total liabilities and equity amounted to CNY 1,387,567,556.19, down from CNY 1,485,432,000.36 year-over-year[14] - The company's non-current assets totaled RMB 597,051,919.70, down from RMB 629,348,032.06, indicating a decrease of approximately 5.1%[12] Shareholder Information - The company reported a total of 44,942,501 shares held by Shenzhen Mingwei Technology Co., Ltd., the controlling shareholder[10] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[11] - The company has not identified any other significant operational issues during the reporting period[11]