振芯科技(300101) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was ¥139,079,930.56, a decrease of 27.62% compared to ¥192,162,143.56 in the same period last year[4] - Net profit attributable to shareholders was ¥15,842,500.33, down 68.87% from ¥50,887,686.67 year-on-year[4] - Basic earnings per share decreased to ¥0.0281, down 68.92% from ¥0.0904 in the same period last year[4] - Total operating revenue for Q1 2024 was CNY 139,079,930.56, a decrease of 27.6% compared to CNY 192,162,143.56 in the same period last year[33] - Net profit for Q1 2024 was CNY 12,057,202.75, a decline of 76.0% from CNY 50,074,972.84 in Q1 2023[34] - Total comprehensive income for the first quarter was CNY 12,057,202.75, a decrease of 76.09% compared to CNY 50,074,972.84 in the previous period[35] - Net income attributable to the parent company was CNY 15,842,500.33, down 68.87% from CNY 50,887,686.67 year-over-year[35] - Basic and diluted earnings per share were both CNY 0.0281, a decline from CNY 0.0904 and CNY 0.0900 respectively in the previous period[35] Cash Flow - The net cash flow from operating activities was -¥63,332,120.22, an improvement of 38.30% compared to -¥102,641,076.43 in the previous year[4] - Cash inflow from operating activities totaled CNY 177,114,420.77, down 4.43% from CNY 184,489,967.08 in the previous period[37] - Cash outflow from operating activities was CNY 240,446,540.99, a decrease of 16.27% compared to CNY 287,131,043.51 last year[38] - Cash flow from operating activities showed a net outflow of CNY 63,332,120.22, an improvement from a net outflow of CNY 102,641,076.43 in the same period last year[38] - Cash flow from investing activities resulted in a net outflow of CNY 39,858,682.77, contrasting with a net inflow of CNY 21,016,129.26 in the previous period[38] - Cash flow from financing activities generated a net inflow of CNY 2,355,141.10, significantly lower than CNY 84,605,409.11 in the same period last year[38] - The ending cash and cash equivalents balance was CNY 178,108,730.09, down from CNY 215,192,685.44 at the end of the previous period[38] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,663,659,029.08, a decrease of 1.42% from ¥2,702,144,334.29 at the end of the previous year[4] - Total liabilities decreased to CNY 767,288,760.60, down from CNY 817,826,549.56, a decline of 6.2%[31] - The company's total equity increased to CNY 1,896,370,268.48 from CNY 1,884,317,784.73, reflecting a growth of 0.6%[31] - The company reported a significant reduction in short-term employee compensation liabilities from CNY 95,374,936.23 to CNY 44,802,426.57, a decrease of 53.0%[31] Business Segments - The company experienced a significant decline in integrated circuit business revenue, which was ¥82,823,600, down 23.86% year-on-year due to reduced project acceptance and industry demand[8] - Revenue from the Beidou navigation application business was ¥21,805,900, a decrease of 46.40% year-on-year, impacted by slower product delivery[8] Research and Development - R&D expenses increased by 30.81% to ¥43,161,057.61, reflecting the company's commitment to new technology and product development[9] - Research and development expenses increased to CNY 43,161,057.61, up 30.6% from CNY 32,995,057.87 in the previous year[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 49,212[17] - The largest shareholder, Chengdu Guoteng Electronics Group Co., Ltd., holds 29.38% of the shares, totaling 165,860,000 shares[17] - The company has no preferred shareholders with restored voting rights[17] - The company completed a share buyback plan, with a total increase of 674,300 shares, amounting to CNY 10,291,807.00[24] - The employee stock ownership plan was fully executed, with 2,052,300 shares sold, accounting for 0.3635% of the total share capital[27] - The company’s major shareholders, including the chairman, executed a share increase plan totaling between CNY 10 million and CNY 20 million[24] - The company’s total restricted shares at the end of the period were 1,695,785 shares, with a significant portion subject to executive lock-up rules[23] - The company’s total restricted shares increased due to the completion of share purchases by executives, with specific details on the lock-up rules provided[22] Other Financial Metrics - The company received government subsidies amounting to ¥16,463,127.68, contributing to a 7.99% increase in other income[9] - The company reported a significant decrease in investment income, which was -¥14,856.48, down 164.12% year-on-year due to reduced returns from bank financial products[9] - The company paid taxes of ¥16,272,135.68 in Q1 2024, a decrease of 66.98% compared to ¥49,279,564.96 in the same period last year[15] - Cash paid for other operating activities increased by 70.29% to ¥20,252,522.36, primarily due to higher R&D expenses[15] - Cash received from the disposal of fixed and intangible assets was ¥19,858,614.79, reflecting a significant increase of 78,516.84% due to the completion of land use rights transfer procedures[15] - Investment cash payments surged by 393.33% to ¥74,000,000.00, mainly from purchasing bank wealth management products[15] - Cash received from borrowings increased by 110% to ¥63,000,000.00, indicating a rise in new loans compared to the previous year[15] - Cash paid for debt repayment doubled to ¥60,000,000.00, reflecting an increase in loan repayments[15] Inventory and Receivables - Inventory at the end of Q1 2024 was CNY 564,061,413.17, an increase of 9.5% from CNY 515,144,534.76 at the beginning of the period[30] - Accounts receivable slightly increased from CNY 948,756,449.50 to CNY 951,629,585.39, reflecting a growth of about 0.3%[29] - The company’s prepayment items increased from CNY 49,575,642.03 to CNY 71,988,220.82, indicating a rise of approximately 45.4%[29] - The company’s other receivables decreased from CNY 11,845,058.87 to CNY 9,333,451.96, a decline of about 21.2%[29] Audit Status - The report for the first quarter was not audited[40]