JCET(SH:600584)2024-04-24 09:03Financial Performance - The company's operating revenue for Q1 2024 was CNY 6,842,026,206.64, representing a year-on-year increase of 16.75%[3] - The net profit attributable to shareholders for the same period was CNY 135,226,452.63, up 23.01% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 91.33% to CNY 107,701,759.54[3] - Basic and diluted earnings per share both increased by 33.33% to CNY 0.08[3] - Total operating revenue for Q1 2024 reached ¥6,842,026,206.64, an increase of 16.7% compared to ¥5,860,195,186.42 in Q1 2023[23] - Net profit for Q1 2024 was ¥133,767,279.46, representing a 21.7% increase from ¥109,928,612.98 in Q1 2023[25] - The company reported a gross profit margin of approximately 2.3% for Q1 2024, compared to 1.5% in Q1 2023[24] - The company's equity attributable to shareholders increased to ¥26,220,673,339.58 in Q1 2024, up from ¥26,065,635,116.80 in Q1 2023[21] - The company reported a comprehensive income total of ¥146,218,555.12 for Q1 2024, compared to a loss of ¥20,892,717.04 in Q1 2023[25] Cash Flow - The net cash flow from operating activities was CNY 1,372,653,089.02, reflecting an increase of 11.26% year-on-year[3] - In Q1 2024, the cash inflow from operating activities was approximately ¥8.02 billion, an increase of 12.5% compared to ¥7.13 billion in Q1 2023[28] - The net cash flow from operating activities for Q1 2024 was ¥1.37 billion, up from ¥1.23 billion in Q1 2023, reflecting a growth of 11.3%[28] - Cash inflow from investment activities totaled approximately ¥4.27 billion in Q1 2024, compared to ¥3.97 billion in Q1 2023, marking a 7.3% increase[29] - The net cash flow from investment activities was negative at ¥366.98 million in Q1 2024, a decline from a positive ¥350.96 million in Q1 2023[29] - Cash inflow from financing activities reached ¥3.05 billion in Q1 2024, significantly higher than ¥346.60 million in Q1 2023[29] - The net cash flow from financing activities was ¥1.64 billion in Q1 2024, a turnaround from a negative cash flow of ¥723.79 million in Q1 2023[29] - The total cash and cash equivalents at the end of Q1 2024 stood at approximately ¥9.98 billion, up from ¥3.31 billion at the end of Q1 2023, representing a growth of 201.5%[29] Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 44,110,269,709.75, a 3.60% increase from the end of the previous year[4] - The total current assets reached ¥19,173,800,884.52, up from ¥17,619,071,288.55, indicating an increase of about 8.8%[19] - The company’s long-term equity investments decreased to ¥677,354,035.28 from ¥694,779,780.69, a decline of about 2.5%[19] - The company’s fixed assets decreased to ¥18,563,098,696.57 from ¥18,744,196,607.40, a reduction of about 1.0%[19] - Total liabilities for Q1 2024 were ¥17,040,516,390.69, compared to ¥16,428,297,566.20 in Q1 2023[21] Shareholder Information - The top two shareholders are the National Integrated Circuit Industry Investment Fund and Chip Electric Semiconductor (Shanghai) Co., Ltd., with holdings of 13.24% and 12.79% respectively[7] - The total number of ordinary shareholders at the end of the reporting period was 286,346[6] - The company’s major shareholders, including the National Integrated Circuit Industry Investment Fund, are undergoing a change in control with significant share transfers[16] Investments and Acquisitions - The company acquired 80% equity in Shengdie Semiconductor (Shanghai) Co., Ltd. for approximately $62.4 million, with the final price subject to customary adjustments[11] - The company plans to change the investment direction of ¥2,100,000,000 from a project to the acquisition of Shengdie Semiconductor[13] Expenses - Research and development expenses increased to ¥380,993,841.09 in Q1 2024, up 23.3% from ¥308,746,841.24 in Q1 2023[24] - The cash outflow for purchasing goods and services was approximately ¥5.18 billion in Q1 2024, up from ¥4.38 billion in Q1 2023, reflecting a rise of 18.2%[28] - The cash outflow for employee payments was approximately ¥1.19 billion in Q1 2024, slightly down from ¥1.19 billion in Q1 2023, showing a marginal decrease of 0.01%[28]