电科芯片(600877) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was ¥217,334,991.97, representing a decrease of 20.90% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥18,407,360.51, down 41.62% year-on-year[3]. - The total revenue for Q1 2023 was 217,334,991.97 RMB, down from 274,769,706.01 RMB in Q1 2022, indicating a decline of approximately 21%[17]. - The company's net profit decreased by 41.62% due to an increase in R&D expenses of 12.19 million RMB compared to the same period last year[12]. - The total comprehensive income attributable to the parent company for Q1 2023 was RMB 18,407,360.51, a decrease of 41.5% compared to RMB 31,531,986.50 in Q1 2022[19]. - Basic and diluted earnings per share for Q1 2023 were both RMB 0.0155, down from RMB 0.0266 in Q1 2022, representing a decline of 41.5%[19]. - The net profit for Q1 2023 was 18,407,360.51 RMB, down from 31,531,986.50 RMB in Q1 2022, indicating a 42% decline[47]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥46,933,736.36, a decline of 42.11% compared to the previous year[3]. - The net cash flow from operating activities for Q1 2023 was -46,933,736.36 RMB, an improvement from -81,080,254.00 RMB in Q1 2022, indicating a 42% reduction in losses[40]. - Total cash inflow from investment activities was 532,561,666.67 RMB in Q1 2023, compared to no inflow in Q1 2022[40]. - The net cash flow from investment activities for Q1 2023 was 528,524,480.67 RMB, a significant recovery from -303,881,280.41 RMB in Q1 2022[40]. - The net cash flow from financing activities was -26,365,000.00 RMB in Q1 2023, an improvement from -141,276,902.38 RMB in Q1 2022[41]. - The cash and cash equivalents increased to 933,575,570.99 RMB from 479,339,102.30 RMB year-over-year[15]. - The cash and cash equivalents at the end of Q1 2023 were 913,952,554.76 RMB, a significant increase from 404,381,223.19 RMB at the end of Q1 2022[41]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,736,261,615.85, a decrease of 3.68% from the end of the previous year[3]. - As of March 31, 2023, the total current assets amounted to 2,585,498,375.52 RMB, a decrease from 2,678,872,929.12 RMB at the end of 2022[15]. - The total liabilities decreased from 681,000,673.58 RMB at the end of 2022 to 557,912,510.83 RMB as of March 31, 2023[17]. - The total assets as of March 31, 2023, were RMB 2,736,261,615.85, a decrease of 3.7% from RMB 2,840,942,418.09 as of December 31, 2022[34]. - The company's fixed assets decreased to RMB 45,018,339.82 in Q1 2023 from RMB 48,340,346.91 in Q4 2022, reflecting a decline of 6.8%[34]. - Short-term borrowings decreased to RMB 125,146,250.00 in Q1 2023 from RMB 150,166,344.09 in Q4 2022, a reduction of 16.7%[34]. - Accounts payable decreased to RMB 245,305,803.71 in Q1 2023 from RMB 312,739,094.23 in Q4 2022, indicating a decline of 21.5%[34]. - The company reported a decrease in other current liabilities to RMB 40,558,647.94 in Q1 2023 from RMB 61,638,485.41 in Q4 2022, a decline of 34.2%[34]. Research and Development - Research and development expenses increased by 44.66%, totaling an additional ¥12,190,000 due to accelerated development in high-performance chips[7]. - The company is focusing on the development of new products such as high-performance millimeter-wave frequency synthesizer chips and multi-beam satellite internet chips[12]. - The company has initiated sample processing for key R&D projects, leading to increased outsourcing and material costs[12]. - Research and development expenses increased to 39,490,691.99 RMB in Q1 2023, up from 27,299,804.83 RMB in Q1 2022, representing a 45% increase[47]. Strategic Focus - The company is focusing on high-value products such as Beidou short message, satellite internet, and RF chips for base stations to mitigate the decline in consumer electronics sales[7]. - The company is focusing on high-value products such as Beidou short message, satellite internet, photovoltaic circuits, RF chips for base stations, and secure electronics to mitigate the impact of declining sales in the consumer electronics market[32]. - The company is actively adjusting its product structure and expanding into new markets despite a sluggish external sales environment in the consumer electronics sector[32]. - The company expects to deliver orders worth approximately ¥60 million for RF chips by the end of Q2 2023[7]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 50,515, with the top ten shareholders holding a combined 42.25% of shares[9]. - The total equity attributable to shareholders increased from 2,159,941,744.51 RMB to 2,178,349,105.02 RMB[17].