芯联集成(688469) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,667,849,497.31, representing a year-on-year increase of 27.16%[2] - The net profit attributable to shareholders was a loss of ¥213,418,781.55, reducing losses by 15.46% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥296,122,495.81, with a reduction in losses of 34.56% year-on-year[2] - The EBITDA for the year-to-date period was ¥1,659,789,019.92, showing a significant increase of 92.65%[4] - Total revenue for the first three quarters of 2024 reached ¥4,547,418,766.97, an increase of 18.7% compared to ¥3,831,546,831.51 in the same period of 2023[19] - The company reported a net loss of ¥4,726,098,945.46 for the first three quarters of 2024, compared to a net loss of ¥4,041,923,308.43 in the same period of 2023[17] - The net profit for Q3 2024 was -1,648,196,230.22 CNY, compared to -1,973,537,084.78 CNY in Q3 2023, showing an improvement of approximately 16.5%[20] - The total operating revenue for the first three quarters of 2024 was 4,248,238,001.10 CNY, a decrease from 4,400,986,551.55 CNY in the same period of 2023, reflecting a decline of about 3.5%[22] Research and Development - Research and development expenses totaled ¥482,755,257.98 for the quarter, accounting for 28.94% of operating revenue, a decrease of 0.92 percentage points from the previous year[4] - Research and development expenses amounted to ¥1,352,021,798.87 in the first three quarters of 2024, compared to ¥1,041,674,134.15 in 2023, indicating a significant increase of 29.8%[19] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of ¥1,019,878,641.46 year-to-date, which decreased by 48.29% compared to the previous year[4] - The net cash flow from operating activities for Q3 2024 was 1,019,878,641.46 CNY, down from 1,972,392,451.22 CNY in Q3 2023, indicating a decrease of approximately 48.3%[23] - Cash and cash equivalents as of September 30, 2024, were ¥4,748,588,028.26, up from ¥3,995,220,464.88 at the end of 2023, representing a growth of 18.8%[16] - The cash and cash equivalents at the end of Q3 2024 amounted to 4,729,088,028.26 CNY, compared to 4,596,594,173.31 CNY at the end of Q3 2023, representing an increase of about 2.9%[24] - The company reported a decrease in cash received from operating activities, totaling 5,593,259,297.52 CNY in Q3 2024, down from 6,405,103,543.00 CNY in Q3 2023, reflecting a decline of about 12.7%[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 180,773, with the largest shareholder holding 1,152,000,000 shares, accounting for 16.33% of the total shares[8] - The company has repurchased a total of 99,980,204 shares, representing 1.4174% of the total share capital, with a total expenditure of RMB 399,365,397.44[12] - The maximum repurchase price was RMB 4.26 per share, while the minimum was RMB 3.47 per share[12] - The company plans to use repurchased shares for equity incentive plans and/or employee stock ownership plans, with a total repurchase budget between RMB 200 million and RMB 400 million[10] - The top ten shareholders hold a combined total of 2,000,000,000 shares, which is approximately 28.25% of the total shares[8] - The company’s largest shareholder, Shaoxing City Integrated Circuit Industry Fund, holds 1,152,000,000 shares, which is 14.09% of the total shares[8] - The company’s stock repurchase plan was approved on April 13, 2024, and is set to be executed within 12 months[10] - The company has disclosed its shareholder relationships, indicating some shareholders have connections with each other[9] Assets and Liabilities - Total assets at the end of the reporting period were ¥33,061,109,110.82, an increase of 4.72% compared to the end of the previous year[4] - Total assets as of September 30, 2024, were ¥33,061,109,110.82, compared to ¥31,570,366,445.66 at the end of 2023, indicating a growth of 4.7%[18] - Total liabilities increased to ¥16,199,345,919.94 as of September 30, 2024, from ¥15,721,987,469.96 at the end of 2023, representing a rise of 3.0%[17] - The company's equity attributable to shareholders decreased to ¥11,971,604,124.39 as of September 30, 2024, down from ¥12,483,074,709.70 at the end of 2023, a decline of 4.1%[18] Future Outlook - The company is experiencing improved production capacity utilization due to the recovery in the new energy vehicle and consumer markets, contributing to a positive outlook for profitability[6] - The introduction and mass production of new products such as SiC MOSFET and 12-inch silicon wafers are expected to drive future growth[6] - The company continues to enhance its lean production management, supply chain management, and cost control capabilities, improving market competitiveness[6] Investment Activities - The company is in the process of issuing shares and paying cash to acquire a 72.33% stake in a subsidiary, pending regulatory approval[14] Foreign Exchange and Other Income - The company experienced a foreign exchange loss of -18,680,906.51 CNY in Q3 2024, compared to -17,100,378.36 CNY in Q3 2023[24] - The total comprehensive income for Q3 2024 was -1,648,196,230.22 CNY, compared to -1,973,537,084.78 CNY in Q3 2023, showing an improvement of approximately 16.5%[21]