Financial Performance - Revenue for Q1 2022 reached RMB 4.896 billion, a year-on-year increase of 14.1% compared to RMB 4.292 billion in Q1 2021[3] - Gross profit decreased to RMB 957 million, down 28.4% year-on-year, resulting in a gross margin of 19.5%, a decline of 11.6 percentage points[3] - Net profit fell to RMB 205 million, a decrease of 61.4% year-on-year, with a net margin of 4.2%, down 8.2 percentage points[3] - The company achieved revenue of RMB 4.90 billion in Q1 2022, a year-on-year increase of 14.1%[18] - Gross profit for the same period was RMB 956,874 thousand, down from RMB 1,336,898 thousand in 2021, indicating a decline of about 28.4%[25] - The net profit attributable to the company's owners for the three months ended March 31, 2022, was RMB 205,292 thousand, compared to RMB 532,099 thousand in 2021, reflecting a decrease of approximately 61.4%[25] - Basic earnings per share for the period was RMB 0.17, down from RMB 0.44 in the previous year, a decline of about 61.4%[25] - Total comprehensive income for the period was RMB 224,388 thousand, compared to RMB 545,070 thousand in the same period of 2021, a decrease of approximately 58.8%[25] - The company reported a pre-tax profit of RMB 247,716 thousand, significantly lower than RMB 621,387 thousand in the prior year, representing a decline of about 60.2%[25] - The company experienced a foreign exchange loss of RMB 386,585 thousand, compared to a gain of RMB 5,531 thousand in the previous year, indicating a significant negative impact from currency fluctuations[25] Business Segment Performance - The acoustic business generated revenue of RMB 2.23 billion, a 6.4% increase year-on-year, with a gross margin of 26.6%, down 10.8 percentage points[5] - Optical business revenue was RMB 924 million, up 36.4% year-on-year, but gross margin dropped to 3.5%, down 24.0 percentage points[6] - Electromagnetic transmission and precision components business achieved revenue of RMB 1.5 billion, a 22.2% increase year-on-year, with a gross margin of 19.6%, down 5.9 percentage points[7] - The revenue from precision structural components grew by 52.0% year-on-year, driven by a 38.9% increase in the shipment volume of metal middle frame products[9] - The MEMS microphone shipment volume increased by 27.8% year-on-year, with a steady rise in market share[10] - The gross margin for MEMS business was 14.1%, down 2.6 percentage points year-on-year, but improved by 1.6 percentage points compared to Q4 2021[10] Capital Expenditures and Cash Flow - Capital expenditures for Q1 2022 decreased to RMB 545 million, a reduction of 50.8% year-on-year[4] - Operating cash inflow for the period was RMB 465 million, with a net asset liability ratio of 9.6% and cash on hand of RMB 5.64 billion as of March 31, 2022[4] Strategic Initiatives - The company plans to expand into the automotive market, with several acoustic product projects set to begin mass production in 2022[4] - Collaboration with a leading VR manufacturer to provide touch motor products for VR applications is underway, with ongoing efforts to develop new products for the AR/VR market[4] - The company is developing new tactile feedback solutions for automotive applications and aims to secure designated projects this year[8] - The company plans to expand its market share and product portfolio by leveraging overseas customer service experience[9] - The company expects continued high growth in the shipment volume of Android horizontal linear motors throughout 2022[8] - The company plans to continue focusing on research and development to enhance its product offerings and market position, although specific future projections were not disclosed[26] - The company has not provided specific guidance for future performance, emphasizing that past performance is not indicative of future results[26] - The company is committed to maintaining transparency with investors and will hold a conference call to discuss quarterly results and future strategies[27]
瑞声科技(02018) - 2022 Q1 - 季度财报