美芯晟(688458) - 2024 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2024 was CNY 94,674,919.77, representing an increase of 18.26% year-over-year[4] - The net profit attributable to shareholders was a loss of CNY 13,263,857.09, with basic and diluted earnings per share both at -0.17 CNY[4] - Total operating revenue for Q1 2024 reached ¥94,674,919.77, an increase of 18.3% compared to ¥80,053,425.63 in Q1 2023[21] - The net loss for Q1 2024 was ¥13,263,857.09, compared to a net loss of ¥4,513,029.19 in Q1 2023, indicating a deterioration in profitability[23] - The basic and diluted earnings per share for Q1 2024 were both -¥0.17, compared to -¥0.08 in Q1 2023, reflecting a decline in earnings per share[23] Research and Development - Research and development (R&D) expenses totaled CNY 32,743,641.94, up 81.26% compared to the previous year, accounting for 34.59% of total revenue[5][9] - R&D expenses increased significantly to ¥32,743,641.94, compared to ¥18,064,164.38 in the same period last year, reflecting an increase of 81.5%[22] - The number of technical R&D personnel increased by 52.50% year-over-year, reflecting the company's commitment to expanding its R&D capabilities[9] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,118,557,851.35, a decrease of 1.72% from the end of the previous year[5] - The company's total assets decreased to ¥2,118,557,851.35 from ¥2,155,707,764.30, a decline of 1.7%[19] - Total liabilities increased to ¥79,878,198.73 from ¥73,648,988.60, representing an increase of 8.5%[19] - The company's total current assets amounted to approximately RMB 2.06 billion, a decrease from RMB 2.11 billion at the end of 2023, indicating a decline of about 2.4%[17] Cash Flow - The net cash flow from operating activities was a negative CNY 19,541,048.58, indicating challenges in cash generation[4] - In Q1 2024, the cash inflow from operating activities was $160,909,603.36, a significant increase from$73,058,585.28 in Q1 2023, representing a growth of approximately 120%[25] - The net cash outflow from operating activities was -$19,541,048.58, an improvement compared to -$36,266,765.48 in the same period last year[25] - The cash flow from operating activities was impacted by a significant increase in cash payments to employees, which rose to $32,049,560.44 from$21,699,622.94 year-over-year[25] Investments - Cash inflow from investment activities totaled $1,408,633,657.26, a substantial rise from$52,017,850.00 in Q1 2023, indicating an increase of over 2,600%[26] - The net cash outflow from investment activities was -$249,752,915.74, contrasting with a net inflow of$1,614,909.10 in Q1 2023[26] - The total cash outflow for purchasing fixed assets and other investments was $1,649,000,000.00, compared to$50,000,000.00 in Q1 2023, indicating a substantial increase in capital expenditures[26] Shareholder Information - The company has repurchased a total of 845,144 shares, representing approximately 1.06% of the total share capital, with a total transaction amount of approximately RMB 40.26 million[14] - The company plans to use the repurchased shares for employee stock ownership plans and/or equity incentive plans, with a total repurchase budget between RMB 30 million and RMB 60 million[13] - The company's total equity attributable to shareholders decreased to ¥2,038,679,652.62 from ¥2,082,058,775.70, a decrease of 2.1%[19] - The company’s total equity holders' number at the end of the reporting period was 5,717, with no preferred shareholders[11] Inventory and Receivables - The company reported accounts receivable of approximately RMB 147.06 million, down from RMB 199.88 million, reflecting a decrease of about 26.4%[17] - The company’s inventory stood at approximately RMB 114.91 million, slightly down from RMB 119.39 million, indicating a decrease of about 3.9%[17] Financial Expenses - The company reported a significant increase in financial expenses, with a net financial expense of -¥2,120,449.85 compared to a financial expense of ¥133,282.84 in the previous year[22] Cash and Cash Equivalents - As of March 31, 2024, the company held cash and cash equivalents of approximately RMB 701.74 million, down from RMB 1,002.62 million as of December 31, 2023, representing a decrease of about 30%[17] - The cash and cash equivalents at the end of Q1 2024 stood at $701,233,117.91, up from$282,158,097.90 at the end of Q1 2023[26] - The impact of exchange rate fluctuations on cash and cash equivalents was a positive $5,954.81, contrasting with a negative impact of -$1,030,065.51 in Q1 2023[26]