国芯科技(688262) - 2025 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2025 was ¥88,055,045, a decrease of 57.70% year-over-year, primarily due to extended production cycles in the custom chip service business [5]. - The total profit for the period was -¥41,937,497.50, with a net profit attributable to shareholders of -¥40,928,358.42 [5]. - Total operating revenue for the first three quarters of 2025 was ¥258,634,964.13, a decrease of 44.83% compared to ¥469,580,210.79 in the same period of 2024 [21]. - Net loss for the first three quarters of 2025 was ¥127,339,601.00, slightly higher than the net loss of ¥127,306,457.56 in the same period of 2024 [23]. - Operating profit for the first three quarters of 2025 was -¥169,510,607.49, an improvement from -¥183,365,019.53 in the previous year [22]. Research and Development - Research and development (R&D) expenses amounted to ¥76,914,406.78, representing 87.35% of revenue, an increase of 48.31 percentage points compared to the previous year [6]. - Research and development expenses for the first three quarters of 2025 were ¥230,269,784.62, slightly higher than ¥225,401,152.35 in the same period of 2024 [22]. Assets and Liabilities - The total assets of the company as of the end of the reporting period were ¥3,246,046,644, reflecting a 1.43% increase from the previous year [6]. - Total assets as of the end of the reporting period were ¥3,246,046,644.00, compared to ¥3,200,422,926.79 at the end of the previous period [19]. - Total liabilities increased to ¥1,184,086,207.96 from ¥1,005,622,889.62 in the previous year [19]. - Non-current assets totaled ¥920,642,768.07, up from ¥894,251,383.84 in the previous year [18]. - The company's equity attributable to shareholders decreased to ¥2,061,960,436.04 from ¥2,194,800,037.17 [19]. Cash Flow - The company reported a significant increase in cash flow from operating activities, which rose by 301.16% year-to-date, totaling ¥147,877,971.12 [9]. - Net cash flow from operating activities was $147.88 million, a significant increase from $36.86 million in the previous period, reflecting improved operational efficiency [27]. - Cash received from sales of goods and services in the first three quarters of 2025 was ¥950,645,307.56, down from ¥1,370,242,734.58 in the same period of 2024 [26]. - Cash paid for operating activities was $826.38 million, down from $1.40 billion, suggesting cost control measures are being implemented [27]. - The ending cash and cash equivalents balance was $262.83 million, down from $720.18 million, reflecting a significant decrease in liquidity [28]. Shareholder Information - The company reported a total of 22,149,387 shares held by Ningbo Qiyue Venture Capital Partnership, accounting for 6.59% of total shares [12]. - The top ten shareholders collectively hold a significant portion of the company's shares, with no participation in margin trading or securities lending [14]. - The company has not reported any significant changes in shareholder structure or participation in financing activities during the reporting period [15]. Inventory and Current Assets - As of September 30, 2025, the total current assets amounted to RMB 2,325,403,875.93, showing a slight increase from RMB 2,306,171,542.95 as of December 31, 2024, representing a growth of approximately 0.5% [16]. - Cash and cash equivalents decreased to RMB 279,544,115.74 from RMB 395,028,168.19, indicating a decline of about 29.3% [16]. - Inventory decreased to RMB 364,482,592.21 from RMB 405,941,816.51, showing a decline of about 10.2% [17]. - Accounts receivable slightly rose to RMB 182,889,388.47 from RMB 181,737,162.36, marking a growth of about 0.6% [17]. - Prepayments increased to RMB 812,917,229.57 from RMB 741,689,114.87, which is an increase of approximately 9.6% [17]. Investment Activities - Cash inflow from investment activities totaled $1.18 billion, down from $2.02 billion, indicating a decrease in investment returns [27]. - Cash outflow from investment activities was $1.43 billion, compared to $2.62 billion previously, showing a reduction in capital expenditures [27]. - The company reported a net cash outflow of $249.57 million from investment activities, an improvement from -$606.61 million, suggesting better investment management [27]. - Cash received from investment recoveries was $1.17 billion, down from $2.01 billion, indicating a decline in asset liquidation [27]. Supply Chain Management - The company is actively addressing supply chain issues in the custom chip business, with improved order fulfillment as of August 27, 2025 [9].