芯原股份(688521) - 2024 Q1 - 季度财报

Financial Performance - In Q1 2024, the company reported revenue of RMB 318.13 million, a decrease of 41.02% year-over-year[4] - The net profit attributable to shareholders was a loss of RMB 206.98 million, with a loss of RMB 216.22 million after deducting non-recurring gains and losses[4] - The gross profit for Q1 2024 was RMB 145 million, down 30.78%, with a comprehensive gross margin of 45.70%, up 6.76 percentage points year-over-year[9] - Total revenue for Q1 2024 was RMB 318.13 million, a decrease of 41% compared to RMB 539.37 million in Q1 2023[26] - The net loss for Q1 2024 was RMB 206.98 million, compared to a net loss of RMB 71.59 million in Q1 2023, indicating a significant increase in losses[28] - The total comprehensive loss for Q1 2024 was RMB 207.45 million, compared to RMB 72.20 million in Q1 2023[29] Research and Development - The company’s R&D investment totaled RMB 287.47 million, an increase of 34.73% compared to the previous year, representing 90.36% of total revenue[5] - Research and development expenses increased to RMB 287.47 million in Q1 2024, up 36% from RMB 211.53 million in Q1 2023[28] Cash Flow and Investments - The company’s cash flow from operating activities was a negative RMB 217.43 million[4] - Cash flow from operating activities was RMB 397.05 million in Q1 2024, down from RMB 514.90 million in Q1 2023, reflecting a decrease of 22.8%[29] - The net cash flow from operating activities was -$217,432,979.47, an improvement from -$263,488,006.52 in the previous year[31] - Cash inflow from investment activities totaled $451,741,982.21, significantly higher than $140,727,560.95 in the same period last year[31] - The net cash flow from financing activities was $47,399,083.32, compared to $71,929,613.40 in the previous year[32] Assets and Liabilities - The total assets as of March 31, 2024, amounted to RMB 4,350,555,474.17, a slight decrease from RMB 4,406,380,975.42 as of December 31, 2023[22][25] - The total current assets decreased from RMB 2,717,944,075.04 to RMB 2,492,660,415.19, indicating a reduction of approximately 8.3%[23] - The total non-current assets increased from RMB 1,688,436,900.38 to RMB 1,857,895,058.98, reflecting an increase of about 10%[23] - The total liabilities rose from RMB 1,706,087,354.69 to RMB 1,857,030,500.46, representing an increase of approximately 8.8%[24] - The total equity attributable to shareholders decreased from RMB 2,700,293,620.73 to RMB 2,493,524,973.71, a decline of about 7.7%[25] Shareholder Information - The company’s total number of ordinary shareholders at the end of the reporting period was 20,813[15] - The largest shareholder, VeriSilicon Limited, holds 15.14% of the shares[15] Operational Metrics - The company had an order backlog of RMB 2.29 billion at the end of Q1 2024, an increase of 11.03% from the end of 2023[6] - Revenue from the automotive electronics sector grew significantly by 162.46%, accounting for 22.41% of total revenue[6] - The semiconductor IP licensing business generated RMB 99.50 million in revenue, a decrease of 1.64% year-over-year[7] - Operating revenue decreased by 41.02% mainly impacted by a decline in chip volume business revenue[12] - Operating costs decreased by 47.54% in line with the reduction in operating revenue[12] Other Financial Metrics - The diluted earnings per share for Q1 2024 was -0.41 RMB[5] - Basic and diluted earnings per share for Q1 2024 were both RMB -0.41, compared to RMB -0.14 in Q1 2023[29] - The company incurred financial expenses of RMB 60.24 million in Q1 2024, a significant increase from RMB 7.15 million in Q1 2023[28]