JoulWatt(SH:688141)2024-03-12 10:34Financial Performance - The company achieved total operating revenue of ¥133,141.06 million, a decrease of 8.03% year-on-year [4] - The net profit attributable to shareholders was -¥53,528.11 million, a decline of 490.26% [4] - The net profit after deducting non-recurring gains and losses was -¥55,857.51 million, down 682.43% year-on-year [4] - Total assets at the end of the reporting period were ¥420,507.13 million, a decrease of 3.56% from the beginning of the year [4] - Shareholders' equity attributable to the parent company was ¥266,262.79 million, down 15.27% [4] - Earnings per share attributable to shareholders was ¥5.96, a decrease of 15.22% from the beginning of the year [4] Factors Affecting Performance - The decline in net profit was primarily due to increased sales volume of chip products, but pressure on product prices led to a decrease in gross margin [5] - Significant R&D investments were made to enrich product categories and optimize product structure, resulting in increased R&D costs [5] - The company recognized asset impairment losses for inventory, which increased compared to the previous year [5] - The implementation of a restricted stock incentive plan in June 2023 contributed to the increase in share-based payment expenses [5] Product Development and Market Strategy - The company is actively enhancing its product offerings, with DrMOS and multi-phase products progressing as expected, achieving mass production [6] - The product matrix for DrMOS and multi-phase controllers has been established, with new products planned for release in 2024 [6] - The company is expanding its signal chain product line, which currently has a lower revenue share compared to power management chips [7] - Several clock and operational amplifier chips have been mass-produced for various applications, with plans to accelerate the output of new signal chain products [7] Acquisition Strategy - The company is actively monitoring market opportunities for mergers and acquisitions to broaden its product line and enhance market capabilities [7]