NSIG(SH:688126)2024-04-26 09:11Financial Performance - The company's revenue for Q1 2024 was CNY 72,480.31 million, representing a decrease of 9.74% compared to the same period last year[3]. - The net profit attributable to shareholders was CNY -19,771.90 million, a decline of 288.69% year-over-year[3]. - The basic and diluted earnings per share were both CNY -0.072, a decrease of 289.47% compared to the same period last year[3]. - Operating profit for Q1 2024 was a loss of ¥263,044,055.44, compared to a profit of ¥125,007,398.49 in Q1 2023[18]. - Net profit for Q1 2024 was a loss of ¥228,596,223.11, compared to a profit of ¥111,410,498.12 in Q1 2023[18]. - In Q1 2024, the company reported a net profit of -44,237,646.22 RMB, a significant decline compared to a net profit of 3,485,221.54 RMB in Q1 2023[27]. Cash Flow and Investments - The net cash flow from operating activities was CNY -34,387.66 million, down 197.01% from the previous year[3]. - In Q1 2024, the company's operating cash flow was negative at -343,876,649.98 RMB, a significant decline from a positive cash flow of 354,469,688.53 RMB in Q1 2023, representing a year-over-year change of approximately -197.1%[21]. - The net cash outflow from investment activities was -1,679,084,485.46 RMB in Q1 2024, compared to a positive cash flow of 99,079,571.77 RMB in Q1 2023, marking a drastic change of approximately -1,791.5%[21]. - The company recorded investment cash inflows of 3,609,017,492.32 RMB, up from 2,468,379,085.48 RMB in the same period last year[30]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 2,698,274.57 million, a decrease of 7.06% from the end of the previous year[4]. - The total current assets as of March 31, 2024, amounted to ¥9,494,191,659.01, a decrease from ¥10,507,579,257.67 on December 31, 2023, representing a decline of approximately 9.63%[13]. - Total liabilities decreased to ¥8,325,160,972.94 from ¥8,526,434,365.02 year-over-year[15]. - The company's total liabilities increased to 1,873,788,959.84 RMB as of March 31, 2024, compared to 1,860,000,077.85 RMB at the end of 2023, representing an increase of about 0.9%[24]. Shareholder Information - The company reported a total of 567,000,000 shares held by the National Integrated Circuit Industry Investment Fund, making it the largest shareholder[10]. - Shanghai Guosheng Group holds 546,000,000 shares, ranking as the second-largest shareholder[10]. - The top ten shareholders collectively hold significant stakes, with the largest being the National Integrated Circuit Industry Investment Fund at 567,000,000 shares[10]. Research and Development - R&D investment totaled CNY 6,135.88 million, accounting for 8.47% of revenue, an increase of 2.35 percentage points year-over-year[3]. - The company reported a significant increase in R&D expenses, totaling ¥61,358,825.83, up 24.9% from ¥49,111,304.05 in Q1 2023[18]. Market Conditions - The semiconductor market remains in an adjustment phase, impacting revenue and profit margins significantly[6]. Other Financial Metrics - Non-recurring losses totaled CNY -1,122.38 million, influenced by various factors including government subsidies and asset disposals[5]. - The weighted average return on net assets was -1.390%, a decrease of 2.120 percentage points year-over-year[3]. - Other comprehensive income for Q1 2024 was a loss of ¥1,619,140,553.50, compared to a loss of ¥100,453,595.53 in Q1 2023[19]. - The company incurred financial expenses of 5,282,123.82 RMB in Q1 2024, compared to a financial income of -14,380.17 RMB in Q1 2023[26].