东芯股份(688110) - 2023 Q1 - 季度财报

Financial Performance - The company reported a revenue of 123.84 million yuan for Q1 2023, a significant decline of 64.05% year-over-year[14]. - The net profit attributable to shareholders decreased by 131.21% compared to the same period last year, reflecting the impact of weak terminal demand and high comparative base from the previous year[14]. - The total comprehensive income for the period was -44.49 million yuan, compared to 118.14 million yuan in the same quarter of the previous year[1]. - Basic and diluted earnings per share were both -0.08 yuan, down from 0.25 yuan in the prior year[1]. - Total operating revenue for Q1 2023 was ¥123,835,909.21, a decrease of 64.0% compared to ¥344,460,754.71 in Q1 2022[48]. - Net profit for Q1 2023 was a loss of ¥34,458,691.81, compared to a profit of ¥122,200,208.51 in Q1 2022[49]. - Net profit attributable to shareholders of the listed company was -34,367,269.67, a decline of 131.21% year-on-year[70]. Cash Flow and Liquidity - Cash flow from operating activities was 186.12 million yuan, down from 389.27 million yuan in Q1 2022[1]. - Net cash flow from operating activities was -32,992,856.62, down 137.47% from the previous year[70]. - The company's cash and cash equivalents remained stable at approximately 2.53 billion yuan[3]. - Cash and cash equivalents as of March 31, 2023, were ¥2,481,101,848.43, slightly down from ¥2,530,266,750.47 at the end of 2022[57]. - The ending balance of cash and cash equivalents was 2,481,101,848.43, down from 3,178,015,281.08 at the end of the previous year[64]. Assets and Liabilities - The total liabilities amounted to 206.88 million yuan, a slight decrease from 209.50 million yuan year-over-year[2]. - Total liabilities decreased to ¥181,214,708.57 in Q1 2023 from ¥206,875,569.77 in Q1 2022, reflecting a reduction in financial obligations[59]. - The company's total assets at the end of the reporting period were 4,253,908,775.08, a decrease of 1.61% from the previous year[70]. - Total assets decreased from 4,323,587,119.28 to 4,253,908,775.08, a decline of approximately 1.6%[73]. - Current assets slightly decreased from 3,512,944,660.50 to 3,507,947,715.70, a decrease of about 0.14%[73]. - Non-current assets decreased from 810,642,458.78 to 745,961,059.38, a decline of approximately 8%[73]. Shareholder Information - The total equity attributable to the parent company decreased to 3,894,551,570.90 RMB from 3,930,752,637.31 RMB, reflecting a decline of approximately 0.92%[25]. - The company’s total equity was reported at 3.21 billion yuan, with no changes in the capital stock[2]. - The total number of ordinary shareholders at the end of the reporting period was 25,567[17]. - The company has a total of 143,213,025 shares held by its largest shareholder, accounting for 32.38% of total shares[19]. - The equity attributable to shareholders of the listed company was 3,894,551,570.90, down 0.92% from the previous year[70]. Operational Challenges - The company faced pressure on both sales prices and costs, leading to a decline in gross margin[14]. - The company is navigating a challenging macroeconomic environment with a cyclical downturn in the semiconductor industry[14]. - The company experienced a significant decline in terminal demand due to the global economic downturn and cyclical fluctuations in the semiconductor industry[71]. Research and Development - Research and development expenses increased to ¥35,543,580.57 in Q1 2023, up 58.5% from ¥22,411,026.24 in Q1 2022[48]. - The company plans to continue focusing on R&D to drive future growth, as indicated by the substantial increase in R&D spending[48]. - R&D investment totaled 35,543,580.57, an increase of 58.60% compared to the previous period[70]. - R&D investment accounted for 28.70% of total revenue, up 22.19 percentage points year-on-year[70]. Other Financial Metrics - The company recorded a government subsidy income of 382,395.24 RMB, which is related to its operational activities[15]. - The company reported a non-operating income of 3,730,165.75 RMB from the fair value changes of financial assets and derivatives[15]. - The company reported a significant increase in financial expenses, with interest expenses rising to ¥1,449,441.15 in Q1 2023 from ¥458,832.12 in Q1 2022[48]. - Cash inflow from investment activities was 210,349,465.75, a significant increase compared to 20,102.00 in the previous period[74]. - Cash outflow for investment activities decreased from 314,837,333.02 to 221,203,857.67, a reduction of approximately 29.7%[74]. - Cash inflow from financing activities increased to 16,071,160.00 from 9,215,040.00, an increase of about 74.5%[74].