Rockchip(SH:603893)2023-04-25 16:00Financial Performance - The company's revenue for Q1 2023 was ¥329,365,990.64, representing a decrease of 39.34% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of ¥18,378,664.30, marking a decline of 121.84% year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥24,299,480.51, down 131.98% from the previous year[4] - Basic and diluted earnings per share were both -¥0.04, reflecting a decrease of 120.00% compared to the same period last year[4] - Total operating revenue for Q1 2023 was CNY 329,365,990.64, a decrease of 39.3% compared to CNY 542,930,344.84 in Q1 2022[19] - Net profit for Q1 2023 was CNY -18,378,664.30, compared to a net profit of CNY 84,146,041.84 in Q1 2022, representing a significant decline[20] - The company reported a basic earnings per share of CNY -0.04 for Q1 2023, compared to CNY 0.20 in Q1 2022[20] - The net profit for Q1 2023 was a loss of ¥13,097,513.76, compared to a profit of ¥91,476,576.91 in Q1 2022, indicating a significant decline in profitability[27] Assets and Liabilities - The company's total assets at the end of Q1 2023 were ¥3,345,440,518.28, a decrease of 0.74% from the end of the previous year[5] - The company's total liabilities decreased to CNY 426,307,699.24 in Q1 2023 from CNY 449,859,325.85 in Q1 2022, a reduction of 5.3%[18] - The total equity attributable to shareholders was CNY 2,919,132,819.04 in Q1 2023, slightly down from CNY 2,920,354,658.28 in Q1 2022[18] - The company's total assets were CNY 3,345,440,518.28 in Q1 2023, down from CNY 3,370,213,984.13 in Q1 2022, reflecting a decrease of 0.7%[18] - The company's total liabilities included accounts payable of ¥232,749,165.41, down from ¥251,389,167.28 in the previous year[24] - The total liabilities decreased to ¥420,771,958.06 in Q1 2023 from ¥443,570,326.71 in Q1 2022, reflecting a reduction of approximately 5.1%[25] Cash Flow - The company’s cash flow from operating activities was not detailed, but the significant net loss indicates potential cash flow challenges[20] - In Q1 2023, the company generated a net cash flow from operating activities of ¥58,588,111.11, a significant improvement compared to a net loss of ¥101,624,419.35 in Q1 2022[22] - Total cash inflow from operating activities was ¥484,186,653.82, down 21.5% from ¥617,475,134.74 in the same period last year[22] - Cash outflow from operating activities decreased to ¥425,598,542.71, a reduction of 40.7% compared to ¥719,099,554.09 in Q1 2022[22] - The company reported a net cash flow from investing activities of -¥85,276,131.25, contrasting with a positive cash flow of ¥164,948,140.93 in Q1 2022[23] - Cash and cash equivalents at the end of Q1 2023 totaled ¥660,818,128.07, down from ¥714,652,876.12 at the end of Q1 2022[23] - The company received cash from investment activities amounting to ¥250,634,745.12, a decrease of 57.6% from ¥591,476,449.95 in Q1 2022[23] - The company’s cash inflow from financing activities was ¥10,407,530.00, significantly higher than ¥1,631,250.00 in Q1 2022[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,662[11] - The largest shareholder, Li Min, holds 157,679,892 shares, accounting for 37.74% of total shares[11] - The company has no pledged, marked, or frozen shares among the top shareholders[11] Operational Challenges - The company experienced its first Q1 loss in six years, attributed to a decline in electronic product demand and increased period expenses, which rose from 26.48% to 47.62% of revenue[6] - The comprehensive gross profit margin decreased due to rising wafer material prices and pressure on sales prices[6] - The company plans to implement corrective measures based on the current loss and market fluctuations affecting chip sales revenue[6] - The company has not reported any significant new strategies or product developments in the current quarter[13] - There are no applicable audit opinions for the financial statements in this report[13] Research and Development - Research and development expenses for Q1 2023 were CNY 121,513,108.50, an increase from CNY 119,070,047.05 in Q1 2022[19] - Research and development expenses increased to ¥118,360,536.15 in Q1 2023, up from ¥110,795,244.04 in Q1 2022, representing a growth of 6.0%[27]