Anlogic(SH:688107)2024-04-26 12:14Financial Performance - Total operating revenue for Q1 2024 was ¥141,981,722.66, a decrease of 24.29% compared to ¥187,526,624.92 in Q1 2023[2] - The company reported a comprehensive loss of ¥55,657,848.32 for Q1 2024, compared to a loss of ¥51,014,937.58 in Q1 2023[3] - Basic and diluted earnings per share for Q1 2024 were both -¥0.1389, compared to -¥0.1275 and -¥0.1269 respectively in Q1 2023[3] - The net profit attributable to shareholders of the listed company was -¥55,658,295.32, with no applicable comparison[29] - Net profit for Q1 2024 was CNY -55,658,295.32, compared to CNY -51,011,477.05 in Q1 2023, indicating a worsening of approximately 9.5%[43] Operating Costs and Expenses - Total operating costs for Q1 2024 were ¥202,548,589.55, down from ¥246,879,151.65 in Q1 2023[2] - R&D expenses for Q1 2024 amounted to ¥98,198,875.33, a decrease of 7.54% compared to ¥106,210,599.61 in Q1 2023[2] - R&D investment totaled ¥98,198,875.33, accounting for 69.16% of operating revenue, an increase of 12.52 percentage points year-on-year[32] - Cash paid to employees increased to $99.91 million from $90.65 million, reflecting a rise in workforce costs[45] - The company reported a significant decrease in cash paid for goods and services, totaling $31.42 million compared to $275.37 million previously, indicating cost-cutting measures[45] Cash Flow and Liquidity - The net cash flow from operating activities increased due to stable supply chains and reduced inventory costs[17] - The net cash flow from operating activities was -¥53,226,117.33, with no applicable comparison[29] - Cash and cash equivalents at the end of Q1 2024 were ¥256,401,592.56, down from ¥290,455,111.81 at the end of Q4 2023[13] - The company reported a net cash outflow from financing activities of ¥34,306,397.00 in Q1 2024, compared to a net inflow of ¥86,953,704.64 in Q1 2023[13] - Total cash outflow from operating activities was $152.58 million, down from $380 million, indicating improved cash management[45] Assets and Equity - Total assets at the end of the reporting period were ¥1,524,528,117.27, a decrease of 6.47% from the end of the previous year[32] - Equity attributable to shareholders of the listed company was ¥1,394,882,119.69, down 3.49% from the previous year-end[32] - The company's total equity decreased from CNY 1,445,266,110.49 to CNY 1,394,882,119.69, a decline of about 3.5%[41] - Current liabilities decreased from CNY 132,097,623.74 to CNY 88,161,347.56, a reduction of about 33.3%[40] - Long-term liabilities decreased from CNY 52,559,949.35 to CNY 41,484,650.02, a reduction of approximately 21.1%[40] Revenue Trends - The company experienced a 31% increase in revenue compared to the previous quarter, indicating a recovery trend in overall market demand[17] - Cash received from sales of goods and services dropped from CNY 161,749,156.97 to CNY 89,520,032.88, a decrease of around 44.5%[44] - Total cash inflow from investment activities amounted to $368.03 million, down from $783.38 million year-over-year, reflecting a decrease in investment recovery[45] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,905, with the top ten shareholders holding a combined 80.43% of shares[21] - The largest shareholder, Huada Semiconductor Co., Ltd., held 29.11% of the shares, totaling 116,691,243 shares[21] Other Income and Financial Metrics - The company received government subsidies amounting to ¥10,989,577.06, contributing to non-recurring gains[15] - Financial expenses improved from CNY 3,321,077.36 to CNY -852,254.25, indicating a significant reduction in costs[43] - The company reported an increase in interest income from CNY 933,735.45 to CNY 1,422,032.94, an increase of approximately 52.4%[43] - Other income surged from CNY 2,124,611.72 to CNY 11,915,235.17, reflecting a substantial increase of about 460.5%[43]