安凯微上市以来首次年度亏损 技术创新与降本双管齐下

Core Viewpoint - Ankai Microelectronics reported a significant decline in revenue and a record net loss for 2024, highlighting operational challenges and financial pressures [2][3]. Financial Performance - The company achieved an operating revenue of 527 million yuan, a year-on-year decrease of 7.94% [2]. - The net loss attributable to shareholders reached 56.77 million yuan, a staggering year-on-year increase of 311.48%, marking the first annual loss since its listing [2]. - The net cash flow from operating activities turned negative at -59.99 million yuan, with inventory increasing by 20.44% [2]. Operational Challenges - Ankai Microelectronics faced deteriorating cash flow primarily due to rising procurement and labor costs, while inventory levels were deemed "normal" to manage wafer manufacturing cycles [3]. - Prepaid accounts surged by 495.46%, indicating significant pressure on the company's cash flow [2]. R&D and Talent Management - R&D expenses increased by 19.55% in 2024, with a modest net increase of three R&D personnel, while total salaries surged by 20.72 million yuan, resulting in an average annual salary of 386,700 yuan [3]. - The proportion of R&D personnel with master's and doctoral degrees rose to 48.3%, an increase of 5.51 percentage points year-on-year [3]. Strategic Focus - The company aims to consolidate its market position through technological innovation and cost reduction in the supply chain [4]. - Ankai Microelectronics emphasized the importance of balancing price competition with profitability while diversifying its customer base and managing supply chain risks [4]. Market Dynamics - Xiaomi's industrial fund reduced its stake from 3.35% in 2024 to exiting the top ten circulating shareholders in Q1 2025, with the company asserting that stockholding does not impact business cooperation or expansion [4]. - Future attention will be on the market feedback for new products and the effectiveness of cost-reduction measures to validate strategic initiatives [4].