东微半导(688261) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was ¥173,108,475.50, representing a decrease of 42.71% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥4,294,058.13, down 93.96% year-on-year[4]. - The net profit after deducting non-recurring gains and losses decreased by 99.54% to ¥309,146.43[4]. - Basic and diluted earnings per share were both ¥0.05, down 93.33% compared to the previous year[4]. - Total operating revenue for Q1 2024 was ¥173,108,475.50, a decrease of 42.7% compared to ¥302,170,776.06 in Q1 2023[20]. - Net profit for Q1 2024 was ¥4,294,058.13, a significant decline of 93.9% from ¥71,126,487.13 in Q1 2023[22]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.05, compared to ¥0.75 in Q1 2023[22]. Cash Flow - The net cash flow from operating activities was negative at -¥13,830,773.47, indicating a significant cash outflow[4]. - In Q1 2024, the cash inflow from operating activities was $200,386,966.85, a decrease of 38.1% compared to $323,440,443.41 in Q1 2023[25]. - The net cash outflow from operating activities was $13,830,773.47 in Q1 2024, worsening from a net outflow of $4,147,273.65 in Q1 2023[25]. - The total cash and cash equivalents at the end of Q1 2024 were $1,661,541,583.87, down from $2,138,712,728.82 at the end of Q1 2023[26]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,979,850,735.10, a decrease of 1.06% from the end of the previous year[5]. - Total assets as of the end of Q1 2024 amounted to ¥2,979,850,735.10, a slight decrease from ¥3,011,763,533.44 at the end of Q1 2023[18]. - Total liabilities for Q1 2024 were ¥118,467,018.92, down from ¥149,622,553.40 in Q1 2023[18]. - The company's long-term equity investments were valued at RMB 125,048,229.35 as of March 31, 2024, slightly down from RMB 128,738,159.58 at the end of 2023, indicating a decrease of about 2.1%[16]. Research and Development - Research and development expenses totaled ¥20,102,415.25, accounting for 11.61% of operating revenue, an increase of 5.32 percentage points[5]. - Research and development expenses for Q1 2024 were ¥20,102,415.25, compared to ¥19,019,038.74 in Q1 2023, reflecting a 5.7% increase[21]. Inventory and Share Repurchase - The company reported a significant increase in inventory, with current inventory valued at RMB 354,154,579.77, compared to RMB 340,350,476.11 at the end of 2023, reflecting an increase of approximately 4.1%[16]. - The company has repurchased a total of 231,867 shares, accounting for 0.2458% of the total share capital, with a total expenditure of RMB 17,980,900.90[15]. - The company plans to use the repurchased shares for employee stock ownership plans and/or equity incentives[14]. - The company has approved a share repurchase plan with a total fund of no less than RMB 25 million and no more than RMB 50 million[14]. Market Conditions - The company faced challenges due to a global economic slowdown and intensified competition, impacting both sales prices and gross margins[8]. - The sales volume of the main product, high-voltage super junction MOSFETs, increased by 15% year-on-year, despite a decline in sales prices[8].