香农芯创(300475) - 2024 Q1 - 季度财报

Financial Performance - The company achieved a revenue of CNY 2,302,667,541.89 in Q1 2024, representing a year-on-year increase of 46.86% compared to CNY 1,567,916,740.17 in Q1 2023[9] - The net profit attributable to shareholders of the listed company was CNY 14,098,215.08, a decrease of 83.49% from CNY 85,417,370.94 in the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 54,479,436.05, reflecting a significant increase of 193.45% from CNY 18,565,000.87 in Q1 2023[9] - Basic and diluted earnings per share were both CNY 0.03, down 85.00% from CNY 0.20 in the same quarter last year[9] - Net profit for Q1 2024 was ¥10,565,910.56, compared to a net profit of ¥86,714,970.62 in Q1 2023, indicating a decline of 87.8%[40] Cash Flow - The company's cash flow from operating activities was negative at CNY -566,490,718.61, worsening by 251.61% compared to CNY -161,115,351.48 in the previous year[9] - Cash inflow from operating activities totaled $2,133,277,907.40, an increase from $1,204,683,563.33 year-over-year[44] - Cash outflow from operating activities amounted to $2,699,768,626.01, compared to $1,365,798,914.81 in the previous year[44] - Net cash flow from operating activities was -$566,490,718.61, worsening from -$161,115,351.48 year-over-year[44] - The ending cash and cash equivalents balance was $246,130,753.89, a decrease from $320,877,649.14 year-over-year[46] Assets and Liabilities - Total assets increased by 18.12% to CNY 5,369,110,875.97 from CNY 4,545,457,561.00 at the end of the previous year[9] - The total liabilities of the company as of Q1 2024 amounted to ¥2,685,017,430.16, compared to ¥1,874,702,802.64 in the previous year, reflecting a growth of 43.3%[36] - The company’s total liabilities increased from RMB 1.27 billion to RMB 2.09 billion, reflecting an increase of approximately 64.8%[34] - The company’s non-current assets decreased from RMB 1.64 billion to RMB 1.58 billion, a decline of approximately 3.8%[34] Research and Development - The company reported a significant increase in R&D expenses, which rose by 109.64% to CNY 4,311,689.09 due to increased personnel and project investments[13] - Research and development expenses increased to ¥4,311,689.09, up 109.5% from ¥2,056,709.99 in the previous year[37] Shareholder Information - The number of common shareholders at the end of the reporting period was 29,647[22] - The largest shareholder, Shenzhen Lingshi Foundation Investment Partnership, holds 9.19% of shares, totaling 42,056,446 shares[22] - The company launched a 2024 restricted stock incentive plan, proposing to grant 18.3 million shares, accounting for approximately 4.00% of the total share capital as of the plan announcement date[26] Other Financial Metrics - The company reported a significant decrease in income tax expenses by 99.72% to ¥95,375.44, attributed to reduced deferred tax expenses[21] - Other comprehensive income after tax for Q1 2024 was ¥2,771,114.63, compared to a loss of ¥16,813,291.88 in the previous year[40] - The company received a VAT refund of ¥658,240.00 related to employment of disabled individuals[17] - The company also benefited from a VAT deduction policy amounting to ¥1,977,069.47 for advanced manufacturing enterprises[17] Accounts and Inventory - Total accounts receivable increased by 53.04% to ¥950,689,115.73 compared to the previous year[19] - Prepayments surged by 257.29% to ¥547,417,864.43, primarily due to increased procurement[19] - Inventory rose from RMB 1.44 billion to RMB 1.68 billion, reflecting an increase of approximately 16.3%[30] - Accounts payable decreased by 79.86% to ¥86,614,807.42, mainly due to reduced purchases on credit[19]