振芯科技(300101) - 2019 Q1 - 季度财报

Financial Performance - Total revenue for Q1 2019 was ¥101,326,500.03, a decrease of 1.87% compared to ¥103,259,569.52 in the same period last year[9] - Net profit attributable to shareholders was ¥3,374,908.95, down 86.82% from ¥25,613,477.16 year-on-year[9] - Basic earnings per share were ¥0.0061, a decrease of 86.77% from ¥0.0461 in the same period last year[9] - The company achieved total operating revenue of 101.33 million yuan, a decrease of 1.87% compared to the same period last year[35] - The company recorded a net profit attributable to shareholders of 3.37 million yuan, down 86.82% year-on-year[39] - The company reported a total profit for the current period of ¥4,551,808.30, compared to ¥2,888,909.09 in the previous period, indicating an increase of approximately 58%[88] Cash Flow and Liquidity - Net cash flow from operating activities was -¥36,375,398.80, a decline of 144.56% compared to ¥81,629,850.46 in the previous year[9] - The company's cash and cash equivalents decreased by 46.36% to ¥246,379,263.76 compared to the previous year, primarily due to a net cash outflow from operating activities of ¥36.38 million[28] - Cash flow from operating activities showed a net outflow of CNY -125,855,763.03, compared to CNY -52,765,247.66 in the prior period[98] - The ending cash and cash equivalents balance was CNY 246,379,263.76, down from CNY 466,583,943.82 in the previous period[96] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,476,235,868.82, down 4.49% from ¥1,545,715,730.93 at the end of the previous year[9] - Total liabilities decreased to ¥371,584,432.18 from ¥444,569,315.38, reflecting a reduction of approximately 16.4%[64] - The company's total equity increased to ¥1,104,651,436.64 from ¥1,101,146,415.55, indicating a slight growth of about 0.2%[67] - Total liabilities reached CNY 444,569,315.38, while total equity was CNY 1,101,146,415.55[111] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 66,506[12] - The largest shareholder, Chengdu Guoteng Electronics Group Co., Ltd., held 29.65% of the shares[12] - The total number of restricted shares for executives is 9,709,196, with a total of 1,058,731 shares unlocked, representing 25% of their holdings[25] Operating Costs and Expenses - Operating costs rose by 36.55% to ¥63,754,695.22, driven by an increase in revenue from security monitoring business[30] - The company incurred period expenses of 36.54 million yuan, a rise of 13.14% year-on-year, with sales expenses increasing by 132.78% to 6.85 million yuan[39] - Total operating costs increased significantly to CNY 103,049,484.47, up from CNY 66,327,376.57, reflecting a rise in operating expenses[78] Revenue Breakdown - Revenue from component products reached 15.82 million yuan, an increase of 51.86% year-on-year, driven by the growth in domestic demand for high-performance integrated circuits[35] - Design service revenue was 21.12 million yuan, up 105.83% year-on-year, influenced by project undertaking volume and R&D progress[35] - Revenue from Beidou satellite navigation terminals fell to 10.82 million yuan, a decline of 79.37% year-on-year due to reduced industry orders[35] Other Income and Expenses - The company reported non-operating income of ¥4,038,819.49 for the period[9] - Other income increased by 398.96% to ¥4,872,687.34, reflecting higher government project revenues recognized based on development progress[30] - The company reported a significant increase in tax payable by 127.14% to ¥7,631,180.60, due to an increase in value-added tax payable[28] Strategic Plans and Risks - The company plans to enhance technological innovation and market expansion to achieve its annual operational goals[44] - The company is facing risks from rising costs and competition in the high-tech sector, and it aims to strengthen R&D project management and market development efforts[45]