BPSemi(SH:688368)2023-04-25 16:00Financial Performance - The company reported a revenue of CNY 265.09 million for Q1 2023, a decrease of 12.18% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 60.02 million, representing a decline of 422.82% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 77.44 million, down 112.34% from the previous year[6]. - The company's gross margin for the period was 23.20%, a decrease of 6.57% compared to the same period last year[7]. - The average selling price of products decreased by 33.23% year-on-year, although the shipment volume increased by 31.52%[7]. - Net profit for Q1 2023 was a loss of ¥60,015,308.07, compared to a loss of ¥11,479,192.95 in Q1 2022, indicating a significant decline in profitability[21]. - Basic earnings per share for Q1 2023 were -¥0.95, compared to -¥0.19 in Q1 2022[21]. - The net loss for Q1 2023 was CNY 53,515,247.23, compared to a net profit of CNY 13,238,945.97 in Q1 2022, reflecting a significant decline in profitability[28]. - Basic earnings per share for Q1 2023 were -CNY 0.85, compared to 0.21 in Q1 2022, highlighting a negative shift in earnings performance[28]. Research and Development - Research and development expenses totaled CNY 87.05 million, accounting for 32.84% of revenue, an increase of 4.29 percentage points year-on-year[6]. - Research and development expenses for Q1 2023 were ¥87,051,722.89, compared to ¥86,170,679.39 in Q1 2022, showing a slight increase[20]. - R&D expenses increased to CNY 55,385,838.40, up from CNY 54,096,863.39 in the previous year, indicating a focus on innovation[27]. Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY 56.54 million, attributed to better management of long-term prepayments and receivables[8]. - In Q1 2023, the company reported a net cash flow from operating activities of ¥56,538,782.44, a significant improvement compared to a net cash outflow of ¥293,729,698.94 in Q1 2022[22]. - The company’s cash received from sales of goods and services was ¥262,063,397.77 in Q1 2023, down 11.2% from ¥295,118,857.87 in Q1 2022[22]. - The company’s cash outflow for purchasing goods and services was ¥110,824,507.99 in Q1 2023, a decrease of 78.1% compared to ¥504,962,462.75 in Q1 2022[22]. - The company’s net cash flow from financing activities was ¥46,501,174.98 in Q1 2023, down from ¥90,499,706.02 in Q1 2022[23]. - Operating cash flow for Q1 2023 was RMB 151,347,795.73, a significant improvement from a negative RMB 292,449,778.27 in Q1 2022, indicating a turnaround in operational efficiency[31]. - Total cash inflow from operating activities reached RMB 367,577,304.47, compared to RMB 324,072,007.48 in the same period last year, reflecting a year-over-year increase of approximately 13.5%[31]. - Cash outflow from operating activities decreased to RMB 216,229,508.74 from RMB 616,521,785.75, marking a reduction of about 65%[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2.49 billion, a decrease of 0.86% from the end of 2022[6]. - Total assets as of Q1 2023 were ¥2,494,708,177.98, a slight decrease from ¥2,516,320,053.51 in the previous year[18]. - Total liabilities increased to ¥1,003,409,888.00 in Q1 2023 from ¥989,713,759.07 in Q1 2022[18]. - The total liabilities increased to CNY 1,049,244,866.69 from CNY 996,413,764.97, indicating a rise in financial obligations[27]. - The company's total equity decreased to CNY 1,701,619,084.93 from CNY 1,730,788,208.90, showing a reduction in shareholder value[27]. - Current liabilities remained stable at RMB 679,454,283.39, consistent with the previous reporting period[34]. - Total liabilities amounted to CNY 989,713,759.07, a decrease of CNY 10,970,318.47 from the previous total of CNY 1,000,684,077.54[35]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,259[13]. - The top shareholder, Hu Liqiang, holds 16,564,500 shares, representing 26.33% of the total shares[13]. - The top three shareholders collectively hold 66.81% of the shares, indicating a high concentration of ownership[13]. - The company has no preferred shareholders with restored voting rights as of the reporting date[13]. Other Information - The company launched a restricted stock incentive plan in Q1 2023, incurring share-based payment expenses of CNY 24 million[7]. - The company has not disclosed any new product or technology developments in this report[15]. - There are no significant mergers or acquisitions reported during the quarter[15]. - The company has adopted new accounting standards starting in 2023, which may impact future financial reporting and analysis[32]. - The company is expected to continue investing in R&D and exploring market expansion opportunities despite the current financial challenges[27].