香农芯创(300475) - 2023 Q2 - 季度财报

Financial Performance - The company's operating revenue for the current period is ¥4,332,501,904.90, a decrease of 49.89% compared to the same period last year[112]. - Net profit attributable to shareholders for the current period is ¥176,542,478.09, an increase of 7.08% year-over-year[112]. - The net profit after deducting non-recurring gains and losses is ¥70,596,653.97, down 52.69% from the previous year[112]. - The net cash flow from operating activities is -¥354,616,262.35, a decline of 69.24% compared to the same period last year[124]. - Total assets at the end of the current period amount to ¥5,769,352,868.38, an increase of 35.36% from the end of the previous year[112]. - The company's weighted average return on equity is 7.75%, down 2.15% from the previous year[112]. - The company reported a significant increase in financing cash flow, amounting to ¥549,211,576.08, up 219.46% year-over-year due to fundraising activities[124]. - The company's financial report has been verified by an accounting firm, ensuring the accuracy of the reported figures[65]. Investment and Capital Structure - The company has completed the investment of 37,362.17 in the committed investment project, achieving 100.01% of the expected benefit[16]. - The company received approval from the China Securities Regulatory Commission for a share placement, with 37,565,767 shares subscribed, raising a total of RMB 378,287,273.69[20]. - Following the share placement, the total share capital increased from 420,000,000 shares to 457,565,767 shares[26]. - The company completed a rights issue, raising approximately RMB 378.29 million with 37,565,767 shares subscribed by existing shareholders, increasing total shares from 420 million to 457,565,767[42]. - The total amount of raised funds is RMB 37,362.17 million, with RMB 37,366.91 million invested during the reporting period[65]. - The net amount raised after deducting issuance costs was RMB 373,621,710.59, with actual funds received totaling RMB 376,834,613.58[65]. - The company used RMB 37,366.91 million of the raised funds during the reporting period, leaving a balance of RMB 6.29 million[66]. - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves[71]. Shareholder Information - The largest shareholder, Shenzhen Lingxin Jicheng Equity Investment Fund, holds 11.94% of shares, totaling 54,643,674 shares, with an increase of 4,967,607 shares during the reporting period[43]. - The second-largest shareholder, Shenzhen Lingxin Jicheng Equity Investment Fund (Limited Partnership) - Lingchi Fund, holds 9.52% of shares, totaling 43,552,963 shares, with an increase of 3,959,360 shares[44]. - The company reported a total of 14,460 common shareholders at the end of the reporting period[43]. - The company has not experienced any changes in its actual controller during the reporting period[49]. - The top ten shareholders include various investment funds, with the largest being Lingxin Jicheng, which has a significant stake in the company[45]. Subsidiaries and Business Development - The company established a subsidiary, Shenzhen Haipu Storage Technology Co., Ltd., to focus on the R&D and industrialization of enterprise-level SSDs[35]. - The company established a new controlling subsidiary, Shenzhen Haipu Storage Technology Co., Ltd., during the reporting period[100]. - The company has established stable partnerships with major clients such as Alibaba and ByteDance, enhancing its market presence[120]. - The company is focused on expanding its customer base to reduce reliance on major clients and enhance overall business stability[191]. Risks and Challenges - The company faces various risks in business development, which are discussed in the management analysis section[70]. - The company faces foreign exchange risks due to its reliance on USD for transactions with suppliers and customers[193]. - The company has not experienced goodwill impairment from its acquisition of United Chuangtai, but remains vigilant about potential future risks due to economic conditions[192]. Asset Management - The company has no significant ongoing construction projects or financial transactions with related parties[6]. - The company has no leasing or custody situations during the reporting period[10][11]. - The company has not reported any major sales returns during the period[5]. - The company has not sold any major assets during the reporting period, maintaining its asset base[185]. - The company has implemented measures to mitigate inventory risks, including insurance for transportation and storage[197]. Financial Liabilities and Guarantees - The total approved guarantee amount at the end of the reporting period is 300,000, with an actual guarantee balance of 107,321.27, representing 42.70% of the company's net assets[17]. - The company provided a guarantee for a loan of RMB 15 million to Chuangtai Electronics, backed by patents and personal guarantees[18]. - The company has provided a maximum guarantee of ¥20,000,000 to Postal Savings Bank for loans to Julong Reducer, with collateral including fixed assets valued at ¥17,191,273.55 and intangible assets valued at ¥6,158,282.99 as of June 30, 2023[152]. - The company has no financial liabilities recorded as of the end of the reporting period[150]. Research and Development - Research and development expenses for the current period are ¥4,152,590.64, a decrease of 12.45% compared to the previous year[124]. - The company’s products are widely used in cloud computing storage, mobile phones, televisions, automotive products, smart wearables, and the Internet of Things[110]. - The company emphasizes long-term cooperation with well-known original manufacturers as a key to sustainable development[111]. Market and Sales Performance - The company's distribution business is significantly impacted by the performance of memory products, which account for over 70% of its revenue, leading to potential fluctuations in gross margins[200]. - The company has established stable relationships with major clients in the cloud service and data center sectors, but remains cautious of potential direct supply strategies from manufacturers[190]. - The company reported a significant increase in sales expenses by 40.92% to ¥14,730,508.35, primarily due to increased employee compensation and travel expenses[132].