芯原股份(688521) - 2023 Q1 - 季度财报

Financial Performance - In Q1 2023, the company achieved operating revenue of RMB 539.37 million, a decrease of 3.77% year-on-year[4] - The net profit attributable to shareholders was a loss of RMB 71.59 million, representing a decline of 2,280.25% compared to the same period last year[4] - The gross profit margin for Q1 2023 was 38.94%, down 9.98 percentage points year-on-year[7] - The company reported a basic and diluted earnings per share of -RMB 0.14, a decrease of 1,500% year-on-year[5] - Total operating revenue for Q1 2023 was approximately $539.37 million, a decrease from $560.50 million in Q1 2022, representing a decline of about 3.8%[21] - Net profit for Q1 2023 was a loss of approximately $71.59 million, compared to a profit of $3.28 million in Q1 2022, indicating a significant decline[22] - The total profit before tax for Q1 2023 was a loss of approximately $67.56 million, compared to a profit of $6.38 million in Q1 2022[22] Cash Flow - The company reported a net cash flow from operating activities of -RMB 263.49 million, a decrease of 153.79% year-on-year[5] - Operating cash flow net amount decreased by 153.79% as cash received from sales decreased compared to the previous year[13] - Cash flow from operating activities showed a net outflow of approximately $263.49 million in Q1 2023, compared to a net outflow of $103.82 million in Q1 2022, indicating worsening cash flow conditions[24] - The company reported a decrease in cash received from sales and services to approximately $514.90 million in Q1 2023, down from $731.16 million in Q1 2022, a decline of about 29.6%[24] Research and Development - R&D investment totaled RMB 213.37 million, accounting for 39.56% of operating revenue, an increase of 1.64 percentage points year-on-year[5] - Research and development expenses rose to approximately $211.53 million in Q1 2023, up from $200.09 million in Q1 2022, reflecting an increase of about 5.7%[21] Assets and Liabilities - Total assets at the end of the reporting period were RMB 4.27 billion, a decrease of 3.61% from the end of the previous year[5] - Current assets decreased to RMB 2,642,466,885.62 as of March 31, 2023, down from RMB 2,807,208,115.48 at the end of 2022, representing a decline of 5.9%[18] - Total liabilities decreased to RMB 1,388,288,572.47 from RMB 1,518,939,764.15, a reduction of 8.6%[19] - Long-term borrowings increased to RMB 402,670,384.99 from RMB 348,733,612.02, an increase of 15.4%[19] - Non-current liabilities due within one year increased by 30.75% due to installment payments for intangible asset purchases[11] Order Backlog - The company had a backlog of orders amounting to RMB 1.81 billion as of the end of the reporting period[5] Revenue Breakdown - Revenue from semiconductor IP licensing decreased by 56.29% year-on-year to RMB 101.16 million[6] - Revenue from chip design services increased by 40.33% year-on-year to RMB 114.31 million[7] Changes in Financial Assets - Trading financial assets decreased by 40.05% due to the redemption of bank wealth management products[11] - Other receivables increased by 48.78% mainly due to prepayments for GDR issuance intermediary fees[11] - Construction in progress rose by 124.87% as a subsidiary's office renovation remains incomplete[11] Employee and Tax Liabilities - Employee compensation payable dropped by 66.78% due to the payment of 2022 annual bonuses[11] - Tax payable decreased by 43.14% as the company settled personal income tax from the previous year[11] - Tax expenses for Q1 2023 amounted to approximately $4.03 million, compared to $3.09 million in Q1 2022, reflecting an increase of about 30.1%[22] Cash Flow from Investments and Financing - Cash inflow from investment activities totaled ¥140,727,560.95, a decrease from ¥1,776,592,432.55 in the previous period[25] - Cash outflow from investment activities amounted to ¥140,550,833.03, compared to ¥1,806,754,198.91 previously, resulting in a net cash flow of ¥176,727.92, an improvement from -¥30,161,766.36[25] - Cash inflow from financing activities was ¥93,505,512.01, significantly higher than ¥1,400,000.00 in the prior period[25] - Net cash flow from financing activities reached ¥71,929,613.40, a recovery from -¥31,117,899.85 in the previous period[25]