芯原股份(688521) - 2025 Q3 - 季度财报

Financial Performance - In Q3 2025, the company achieved a record revenue of CNY 1.28 billion, representing a 119.26% increase quarter-over-quarter and a 78.38% increase year-over-year[7]. - For the first three quarters of 2025, the company reported a total revenue of CNY 2.255 billion, a year-over-year increase of 36.64%[15]. - Operating revenue for the current reporting period increased by 78.38% compared to the previous period[27]. - Year-to-date operating revenue rose by 36.64%[27]. - Total operating revenue for the first three quarters of 2025 reached ¥2,254,536,764.72, a significant increase of 36.6% compared to ¥1,649,971,464.11 in the same period of 2024[37]. - Total operating costs increased to ¥2,650,174,560.08, up 30.0% from ¥2,039,426,765.96 year-over-year[37]. Order and Backlog - The company signed new orders worth CNY 1.593 billion in Q3 2025, a significant year-over-year increase of 145.80%, with AI-related orders accounting for approximately 65%[10]. - As of the end of Q3 2025, the company's backlog of orders reached CNY 3.286 billion, with 83.52% coming from system manufacturers, large internet companies, cloud service providers, and automotive companies[11]. Profit and Loss - The company's net loss attributable to shareholders narrowed to CNY 26.85 million in Q3 2025, a reduction of 75.82% year-over-year and 73.02% quarter-over-quarter[14]. - Net profit for the first three quarters of 2025 was a loss of ¥346,699,657.97, slightly improved from a loss of ¥395,858,494.37 in the same period of 2024[38]. - The company reported a total profit loss of ¥328,806,608.03 for the first three quarters of 2025, an improvement from a loss of ¥387,855,829.71 in 2024[38]. - Basic earnings per share for the first three quarters of 2025 was -¥0.68, compared to -¥0.79 in the same period of 2024[39]. Research and Development - The company's R&D expenditure for Q3 2025 was CNY 350.80 million, accounting for 27.39% of revenue, a decrease of 15.99 percentage points year-over-year[5]. - Research and development expenses rose to ¥957,578,092.73, reflecting a 8.8% increase from ¥880,249,163.34 in the previous year[37]. Assets and Liabilities - The company's total assets increased by 39.94% year-over-year, reaching CNY 6.479 billion by the end of Q3 2025[5]. - Total assets at the end of the reporting period increased by 39.94% due to funds raised from a specific stock issuance[27]. - The company's current assets totaled RMB 4,452,604,512.18, up from RMB 2,638,195,990.33 at the end of 2024, indicating a growth of about 69%[32][34]. - The company's total liabilities amounted to RMB 2,927,663,699.43, compared to RMB 2,507,541,641.81 at the end of 2024, reflecting an increase of around 17%[34]. - The equity attributable to the owners of the parent company rose to RMB 3,551,423,624.63 from RMB 2,122,317,675.16, showing a substantial increase of approximately 67%[34]. Cash Flow - The net cash flow from operating activities improved, benefiting from increased cash received from sales of goods and services[27]. - The net cash flow from operating activities was negative at ¥391,103,061.24, compared to a loss of ¥393,381,013.48 in the previous year[41]. - The company generated cash inflows from operating activities totaling ¥2,351,999,475.12, an increase from ¥1,674,393,846.34 in 2024[41]. - Cash inflow from financing activities totaled $2.18 billion, significantly up from $406.20 million year-over-year[42]. - The net increase in cash and cash equivalents was $548.32 million, compared to $41.65 million in the prior period[42]. - Cash and cash equivalents at the end of the period reached $1.19 billion, up from $726.91 million[42]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 49,372[29]. - The company has not reported any significant changes in its shareholder structure or participation in margin financing activities during the reporting period[30][31].