CRM(688396)2024-04-25 10:49Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,115,859,042.71, representing a decrease of 9.82% compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 33,196,086.59, down 91.27% year-on-year[6]. - The basic earnings per share were CNY 0.0251, reflecting a decline of 91.29% compared to the previous year[6]. - The diluted earnings per share also stood at CNY 0.0251, down 91.28% year-on-year[6]. - Operating profit for Q1 2024 was ¥25,167,693.63, significantly down from ¥437,406,400.70 in Q1 2023[21]. - In Q1 2024, the company reported a net profit of CNY 1,338,882.33, a decrease from CNY 372,628,766.38 in Q1 2023, reflecting a significant decline in profitability[22]. - The company reported a total comprehensive income of CNY 1,338,882.33 for Q1 2024, down from CNY 373,095,064.72 in the same quarter last year[22]. Cash Flow and Investments - The net cash flow from operating activities decreased by 42.36%, amounting to CNY 285,176,720.67[6]. - The total revenue from operating activities was CNY 1,883,407,764.47, down 13.6% from CNY 2,179,525,513.61 in the same period last year[24]. - The net cash flow from operating activities decreased to CNY 285,176,720.67, compared to CNY 494,782,685.81 in Q1 2023, indicating a decline of 42.3%[24]. - The company experienced a substantial increase in investment cash outflows, totaling CNY 3,103,671,492.88, compared to CNY 1,451,036,304.62 in the previous year, marking a rise of 114.5%[25]. - The company's cash and cash equivalents at the end of Q1 2024 stood at CNY 8,978,792,952.32, down from CNY 12,095,963,214.05 at the end of Q1 2023, reflecting a decrease of 25.5%[25]. - The company’s investment activities resulted in a net cash outflow of CNY 3,102,859,345.61, compared to a net outflow of CNY 1,429,569,795.26 in Q1 2023, indicating a worsening investment position[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 29,365,019,965.35, a slight increase of 0.51% from the end of the previous year[7]. - The total current assets as of March 31, 2024, amounted to RMB 13,384,050,926.04, a decrease from RMB 16,107,285,716.59 as of December 31, 2023, indicating a decline of approximately 17.0%[16]. - Total non-current assets increased to ¥15,980,969,039.31 in Q1 2024 from ¥13,107,974,103.59 in Q1 2023, a growth of 21.5%[18]. - Total liabilities decreased slightly to ¥5,578,990,821.41 in Q1 2024 from ¥5,584,810,626.00 in Q1 2023[18]. - Shareholders' equity rose to ¥23,786,029,143.94 in Q1 2024, compared to ¥23,630,449,194.18 in Q1 2023, reflecting an increase of 0.66%[18]. Shareholder Information - The company reported a total of 49,148 common shareholders at the end of the reporting period[11]. - The largest shareholder, China Resources Microelectronics, held 66.41% of the shares, totaling 878,982,146 shares[11]. - The second-largest shareholder, National Integrated Circuit Industry Investment Fund Co., Ltd., held 58,832,444 shares[12]. - There were no changes in the shareholder structure due to the transfer of shares or lending activities during the reporting period[14]. Research and Development - Research and development expenses totaled CNY 286,193,224.91, accounting for 13.53% of operating revenue, an increase of 2.14 percentage points[7]. - Research and development expenses rose to ¥286,193,224.91 in Q1 2024, compared to ¥267,200,184.57 in Q1 2023, an increase of 7.93%[21]. Future Outlook - The company has not reported any significant new strategies or product developments during the quarter[15]. - The company has not provided any specific future guidance or outlook for the upcoming quarters[15].