Thinkon Semi(SH:688233)2023-04-23 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥52,135,489.56, representing a decrease of 63.18% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥12,083,269.44, a decline of 124.22% year-over-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥13,146,914.57, down 126.41% from the previous year[5] - The basic and diluted earnings per share were both -¥0.08, reflecting a decrease of 125.81% year-over-year[6] - Total revenue for Q1 2023 was ¥52,135,489.56, a decrease of 63.2% compared to ¥141,597,369.93 in Q1 2022[20] - Net profit for Q1 2023 was a loss of ¥11,887,126.43, compared to a profit of ¥49,899,295.57 in Q1 2022, representing a decline of 123.8%[21] - Total comprehensive income for Q1 2023 was a loss of ¥12,547,682.00, compared to a profit of ¥49,916,571.08 in Q1 2022[21] Cash Flow and Liquidity - The net cash flow from operating activities was ¥36,567,034.61, an increase of 21.42% compared to the same period last year[5] - Cash flow from operating activities for Q1 2023 was ¥36,567,034.61, an increase of 21.5% compared to ¥30,116,484.55 in Q1 2022[23] - The net cash flow from investment activities was -37,144,854.51, compared to 39,045,937.67 in the previous year, indicating a significant decline[24] - The net increase in cash and cash equivalents was -1,843,646.63, contrasting with an increase of 66,524,532.76 in the previous year[24] - The ending balance of cash and cash equivalents was 546,585,645.07, compared to 496,729,744.51 at the end of the previous year[24] - The company's cash and cash equivalents increased to CNY 660,240,387.22 from CNY 624,348,293.82, reflecting a growth of approximately 5.5%[16] Expenses and Costs - Research and development expenses totaled ¥5,438,969.18, a decrease of 71.70% year-over-year, accounting for 10.43% of operating revenue, down 3.14 percentage points[6] - Total operating costs for Q1 2023 were ¥50,442,201.62, down 43% from ¥88,362,816.19 in Q1 2022[20] - Sales expenses increased to ¥1,044,362.33 in Q1 2023, up 13.2% from ¥922,437.43 in Q1 2022[20] - Management expenses rose to ¥9,652,620.47 in Q1 2023, an increase of 7.7% compared to ¥8,968,680.12 in Q1 2022[20] - Other income for Q1 2023 was ¥1,294,763.53, compared to ¥269,560.85 in Q1 2022, reflecting a growth of 380.5%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,719,621,834.19, a decrease of 2.28% from the end of the previous year[6] - As of March 31, 2023, the total assets of Jinzhou Shengong Semiconductor Co., Ltd. amounted to CNY 1,719,621,834.19, a decrease from CNY 1,759,658,594.62 at the end of 2022[16] - The total current liabilities decreased to CNY 85,622,390.33 from CNY 115,662,395.63, indicating a reduction of about 26%[18] - The total non-current liabilities slightly increased to CNY 31,326,345.22 from CNY 30,336,209.39, showing a growth of approximately 3.3%[18] - The company's total equity decreased to CNY 1,602,673,098.65 from CNY 1,613,659,989.60, a decline of about 0.5%[18] - The company's inventory decreased to CNY 162,421,730.48 from CNY 186,340,041.48, reflecting a decline of approximately 12.8%[16] - The accounts receivable decreased to CNY 76,477,629.55 from CNY 98,344,198.54, indicating a reduction of about 22.3%[16] Market Conditions and Strategy - The company experienced a significant decline in orders due to weakened customer demand amid an industry downturn[10] - The company has not disclosed any new product developments or market expansion strategies in the provided content[14] - The company did not implement new accounting standards or interpretations for the first quarter of 2023[25] Return on Investment - The weighted average return on net assets was -0.77%, a decrease of 4.24 percentage points compared to the previous year[6]