天微电子(688511) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥37,055,637.21, a decrease of 10.31% compared to ¥44,118,716.80 in the same period last year[5] - Net profit attributable to shareholders decreased by 45.36% to ¥9,570,428.87 from ¥17,376,809.70 year-on-year[5] - Basic and diluted earnings per share fell by 45.31% to ¥0.1218 from ¥0.2210 in the same period last year[6] - Net profit for Q1 2024 was ¥9,570,428.87, down 45.5% from ¥17,514,103.97 in Q1 2023[24] - Earnings per share (EPS) for Q1 2024 was ¥0.1218, a decrease of 45.3% compared to ¥0.2227 in Q1 2023[24] - The company reported a total comprehensive income of ¥9,570,428.87 for Q1 2024, down from ¥17,514,103.97 in Q1 2023[24] Research and Development - R&D expenses increased significantly by 149.22% to ¥5,042,019.28, representing 13.61% of operating revenue, up from 4.59% in the previous year[6] - Research and development expenses increased significantly to ¥5,042,019.28 in Q1 2024 from ¥2,023,110.75 in Q1 2023, marking an increase of 149.5%[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥15,183,534.13, indicating a significant decrease in cash inflow from sales[6] - Cash flow from operating activities showed a net outflow of ¥15,183,534.13 in Q1 2024, compared to a net outflow of ¥1,842,936.23 in Q1 2023[27] - The cash inflow from operating activities was ¥13,278,020.48 in Q1 2024, compared to ¥29,193,881.44 in Q1 2023, indicating a decrease of 54.5%[27] - Cash and cash equivalents decreased to CNY 48,136,089.02 from CNY 157,911,584.91, indicating a significant reduction in liquidity[18] - Total cash and cash equivalents at the end of the period decreased to $46,496,372.49 from $299,348,509.46 year-over-year[28] - The net increase in cash and cash equivalents for the period was -$103,405,992.79, compared to an increase of $159,831,405.16 in the previous year[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥967,901,592.70, reflecting a 1.16% increase from ¥880,117,403.51 at the end of the previous year[6] - The company's current assets totaled CNY 861,108,372.70, slightly up from CNY 853,567,037.84 in the previous period[18] - The accounts receivable increased to CNY 154,988,272.98 from CNY 134,131,484.78, reflecting a growth of approximately 15.6%[18] - The inventory level rose to CNY 87,961,082.76, compared to CNY 83,483,536.04, marking an increase of about 5.9%[18] - The total liabilities stood at CNY 76,868,063.13, a decrease from CNY 78,572,837.90, indicating improved liability management[19] - Total liabilities amounted to ¥102,545,715.38 in Q1 2024, a decrease from ¥104,941,297.66 in Q1 2023[23] - The company's non-current assets totaled CNY 106,793,220.00, up from CNY 103,243,953.96, showing a growth of approximately 5.5%[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,522[12] - The top shareholder, Ju Wanli, holds 43.08% of the shares, totaling 34,462,406 shares[12] - The company reported no significant changes in its major shareholder structure during the reporting period[15] Accounting and Policy Changes - The company has adjusted its revenue recognition policy to better align with accounting standards, enhancing the reliability and relevance of its financial information[6] - The company did not apply new accounting standards or interpretations for the first quarter of 2024[28] Investment Activities - Investment activities generated a net cash flow of -$88,222,458.66, compared to a positive cash flow of $162,674,341.39 in the previous year[28] - Cash outflow from investment activities totaled $525,816,287.88, up from $380,567,240.00 in the previous year[28] - The company made significant investments totaling $515,000,000.00 during the quarter, compared to $380,000,000.00 in the same period last year[28]