Yuanjie Semiconductor Technology (SH:688498)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥34,853,815.01, a decrease of 40.60% compared to the same period last year[7]. - The net profit attributable to shareholders was ¥11,845,367.73, down 49.68% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥4,563,329.13, reflecting a significant decline of 79.21%[7]. - Basic and diluted earnings per share were both ¥0.20, down 61.54% year-on-year[8]. - The company reported a significant decline in demand for optical chips in the fiber access and data center markets, leading to reduced procurement from downstream customers[9]. - The net profit attributable to shareholders of the listed company decreased by 49.68% due to poor demand for optical chips in the fiber access and data center markets, leading to reduced purchases from downstream customers and a decrease in the proportion of high-margin product sales[27]. - The company experienced a non-operating loss of -140.96 million, impacting overall profitability[26]. Cash Flow - The net cash flow from operating activities was negative at ¥24,961,622.10, a decrease of 210.75% compared to the previous year[7]. - The net cash flow from operating activities was -210.75 million, primarily due to poor market performance, reduced collections from major customers, and increased payments for goods and employee compensation[27]. - Total cash inflow from operating activities was 34,982,804.88 RMB, down from 66,779,456.13 RMB in the same period last year[35]. - The company reported a net cash flow from investing activities of CNY -491,167,699.88, compared to CNY -97,006,973.10 in the previous period[56]. - The company reported a net cash inflow from financing activities of CNY 13,253,723.34, contrasting with a net outflow of CNY -4,031,046.72 in the previous period[56]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,300,452,629.37, a slight increase of 0.21% from the end of the previous year[8]. - The total current assets were 1,736,135,800.71, compared to 1,748,515,969.53 in the previous period, indicating a decrease[32]. - The total non-current assets reached 564,316,828.66, up from 547,167,799.39, indicating growth in long-term investments[32]. - The total liabilities were reported at 193,211,852.28 RMB, with a slight increase to 193,222,040.27 RMB in the latest adjustment[40]. - The total liabilities and shareholders' equity amounted to CNY 2,295,683,768.92 as of March 31, 2023[50]. Research and Development - R&D investment totaled ¥6,529,903.45, an increase of 15.43% compared to the previous year, representing 18.74% of operating revenue, up 9.10 percentage points[8]. - Research and development expenses for Q1 2023 were CNY 6,529,903.45, an increase of 15.4% from CNY 5,657,035.57 in Q1 2022[56]. Shareholder Equity - Shareholders' equity attributable to the parent company was ¥2,146,039,440.22, up 2.07% from the previous year[8]. - The company’s total equity stood at 2,102,471,916.64 RMB, reflecting stability in shareholder equity[40]. - The company’s total equity was CNY 2,102,471,916.64, showing a slight increase from CNY 2,102,461,728.65[50]. Inventory and Receivables - The inventory increased to 115,197,838.26 from 95,923,357.13, reflecting a rise in stock levels[32]. - The company reported a decrease in accounts receivable to 141,903,020.56 from 146,445,918.56, suggesting improved collection efforts[32]. Future Outlook - The company plans to focus on enhancing product offerings and exploring market expansion opportunities in response to current challenges[27].