芯源微(688037) - 2024 Q1 - 季度财报

Financial Performance - The net profit for Q1 2024 was CNY 15,624,535.55, a decrease of 76.4% compared to CNY 65,977,387.50 in Q4 2023[15] - Operating profit for Q1 2024 was CNY 17,298,210.42, down 76.8% from CNY 74,429,891.86 in the previous quarter[15] - The company recorded a financial loss of CNY 4,830,046.65 in Q1 2024, compared to a profit of CNY 948,918.26 in Q4 2023[15] - The total comprehensive income for Q1 2024 was CNY 15,280,139.03, significantly lower than CNY 66,056,560.47 in Q4 2023[24] - The net profit attributable to shareholders of the listed company was CNY 16,010,992.51, down 75.73% year-on-year[29] - Basic earnings per share for Q1 2024 were CNY 0.12, down from CNY 0.71 in Q4 2023, representing a decrease of 83.0%[24] - The net profit attributable to shareholders of the listed company decreased by 75.73% in Q1 2024 compared to the same period last year[48] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 84.90% year-on-year, with total orders on hand amounting to approximately RMB 2.2 billion[48] - Revenue in Q1 2024 was RMB 244,210,948.51, a decrease of 15.27% compared to RMB 288,217,307.17 in Q1 2023[54] - Basic earnings per share were CNY 0.12, reflecting a decrease of 83.10% compared to the previous year[30] Research and Development - Research and development expenses increased to CNY 45,419,325.19 in Q1 2024, compared to CNY 35,264,929.99 in Q4 2023, reflecting a growth of 28.5%[15] - Research and development expenses totaled CNY 45,419,325.19, which is an increase of 28.79% year-on-year[30] - The proportion of R&D expenses to operating revenue was 18.60%, up by 6.36 percentage points compared to the previous year[30] - The company's R&D investment as a percentage of operating income increased by 6.36 percentage points, reflecting a continuous increase in R&D spending[49] Assets and Liabilities - Total assets as of March 31, 2024, were CNY 4,341,686,035.56, up from CNY 4,301,555,628.29 at the end of 2023, indicating a growth of 0.9%[22] - The company reported a decrease in total liabilities to CNY 1,376,661,938.04 in Q1 2024 from CNY 1,377,685,712.02 in Q4 2023, a decline of 0.1%[22] - Total assets at the end of the reporting period amounted to CNY 4,341,686,035.56, an increase of 0.93% from the end of the previous year[30] - The company's total liabilities decreased to ¥1,917,831,210.05 from ¥1,918,589,289.96, showing a reduction of 0.04%[63] - The total equity attributable to shareholders increased to ¥2,413,715,225.91 from ¥2,380,440,281.77, reflecting a growth of 1.4%[63] Cash Flow - The net cash flow from operating activities was CNY 23,981,234.25, which is not applicable for year-on-year comparison[29] - The net cash flow from investing activities was CNY -173,697,274.72, compared to CNY -640,383,847.89 in the previous year[30] - The net cash flow from financing activities was CNY 24,197,277.97, a decrease from CNY 29,719,000.52 in the previous year[30] - Cash flow from operating activities increased to ¥463,940,752.52 in Q1 2024, up from ¥270,241,991.28 in Q1 2023, representing a growth of 71.7%[65] - The company's cash flow from operating activities increased due to higher sales collections during the reporting period[49] Inventory and Other Assets - Inventory rose to ¥1,776,935,448.29, compared to ¥1,637,338,417.97, marking an increase of 8.5%[62] - The company's cash and cash equivalents decreased to ¥593,337,953.79 from ¥742,950,819.48, a decline of 20.1%[62] - The ending balance of cash and cash equivalents was CNY 536,608,837.45, down from CNY 1,030,308,564.12 at the beginning of the period[30] - The net cash received from sales of goods and services was ¥415,801,437.23, significantly higher than ¥225,856,770.38 in the previous year, an increase of 84.1%[65] - Other non-current financial assets slightly decreased to ¥88,118,596.84 from ¥89,372,047.24, a decline of 1.4%[62] Shareholder Actions - The company initiated a share buyback plan with a total amount not less than RMB 10 million and not exceeding RMB 20 million[60] - The company plans to continue its share repurchase based on market conditions and will disclose progress in a timely manner[60]