Chipsea(SH:688595)2024-04-26 12:14Financial Performance - In Q1 2024, the company's revenue reached CNY 151,325,096.99, representing a year-on-year increase of 145.42%[5] - The net loss attributable to shareholders was CNY -35,428,358.02, a reduction in loss of CNY 13,526,500 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY -38,330,991.85, a decrease in loss of CNY 19,482,200 year-on-year[5] - The basic and diluted earnings per share were both CNY -0.25, an improvement compared to the previous year due to reduced losses[7] - Total operating revenue for Q1 2024 reached ¥151,325,096.99, a significant increase from ¥61,659,280.95 in Q1 2023, representing a growth of approximately 144.5%[21] - The net loss for Q1 2024 was ¥35,280,460.95, an improvement from a net loss of ¥48,929,970.33 in Q1 2023, reflecting a reduction in losses of approximately 28%[23] - Basic and diluted earnings per share for Q1 2024 were both -0.25 RMB, an improvement from -0.34 RMB in Q1 2023[24] Research and Development - R&D expenses totaled CNY 61,871,670.91, accounting for 40.89% of revenue, a decrease of 41.66 percentage points year-on-year due to significant revenue growth[6] - Research and development expenses for Q1 2024 amounted to ¥61,871,670.91, up from ¥50,899,379.15 in Q1 2023, marking an increase of about 21.6%[21] - The company plans to continue investing in R&D in industrial, computing, and automotive electronics sectors to support future growth[7] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,403,848,516.48, a decrease of 3.32% from the end of the previous year[6] - Total current assets decreased to ¥941,160,758.27 from ¥988,126,262.48, a decline of about 4.7%[17] - The total assets as of Q1 2024 were ¥1,403,848,516.48, slightly down from ¥1,452,109,488.88 at the end of Q1 2023[19] - Total liabilities for Q1 2024 were ¥546,006,560.18, compared to ¥536,187,334.93 in Q1 2023, showing an increase of approximately 1.5%[19] Cash Flow - As of March 31, 2024, the company's cash and cash equivalents amounted to ¥421,333,864.79, a decrease from ¥550,755,352.85 as of December 31, 2023, representing a decline of approximately 23.5%[17] - The company's cash and cash equivalents decreased from ¥915,922,153.95 in Q1 2023 to ¥857,841,956.30 in Q1 2024, a decline of about 6.3%[19] - Cash inflow from operating activities in Q1 2024 was 155,994,257.37 RMB, compared to 107,650,387.52 RMB in Q1 2023, representing an increase of approximately 44.9%[24] - Net cash outflow from operating activities was -42,275,128.82 RMB, slightly improved from -47,338,653.33 RMB in the same period last year[24] - Cash inflow from investment activities totaled 94,226,530.78 RMB, while cash outflow was 42,416,525.89 RMB, resulting in a net cash outflow of -42,416,525.89 RMB, a decrease from a net inflow of 78,308,415.47 RMB in Q1 2023[25] - The company reported a net cash outflow from financing activities of -43,919,797.03 RMB, compared to -4,932,344.30 RMB in Q1 2023[25] Inventory and Receivables - Accounts receivable increased to ¥163,665,213.43 from ¥150,552,186.62, reflecting a growth of about 8.0%[17] - Inventory rose significantly to ¥233,742,651.32, compared to ¥190,139,310.10, indicating an increase of approximately 23.0%[17] Shareholder Information - The company reported a total of 39,854,510 shares held by Lu Guojian, representing a significant ownership stake[15] - The top ten shareholders include major investment firms, with the largest being Yancheng Xinlian Zhihuo Consulting Partnership holding 20,303,043 shares[15] Market and Future Outlook - The company has not disclosed any significant new product developments or technological advancements during the reporting period[16] - There are no indications of market expansion or mergers and acquisitions reported in the current quarter[16] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[16] - The management team remains focused on improving cash flow and operational efficiency in the upcoming quarters[24]