KINGSEMI-芯源微(688037) - 2025 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2025 was ¥275,316,424.15, representing a 12.74% increase compared to ¥244,210,948.51 in the same period last year[4] - Net profit attributable to shareholders decreased by 70.89% to ¥4,660,009.98 from ¥16,010,992.51 year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥40,067,978.58, a decline of 564.25% compared to ¥8,630,690.28 in the previous year[4] - The basic earnings per share decreased by 83.33% to ¥0.02 from ¥0.12 in the same period last year[4] - The diluted earnings per share also fell by 83.33% to ¥0.02 from ¥0.12 year-on-year[5] - Net profit for Q1 2025 was a loss of ¥2,229,285.30, compared to a profit of ¥15,624,535.55 in Q1 2024, representing a significant decline[22] - The company reported a total comprehensive income of -¥1,623,467.87 for Q1 2025, compared to ¥15,280,139.03 in Q1 2024[23] Cash Flow - The net cash flow from operating activities was -¥198,551,777.89, a decrease of 927.95% from ¥23,981,234.25 in the same period last year[4] - Cash flow from operating activities in Q1 2025 was ¥380,163,369.74, down from ¥415,801,437.23 in Q1 2024[24] - The net cash flow from operating activities was - $198.55 million, a decrease from$ 23.98 million in the previous period[25] - Total cash inflow from investment activities was $1.27 billion, significantly higher than$ 566.51 million in the prior period[25] - Cash outflow for investment activities totaled $1.30 billion, compared to$ 740.21 million previously, resulting in a net cash flow of - $23.17 million from investment activities[25] - Cash inflow from financing activities was$ 113.06 million, up from $71.31 million in the previous period[27] - The net cash flow from financing activities was$ 63.96 million, an increase from $24.20 million in the prior period[27] - The ending balance of cash and cash equivalents was$ 1.36 billion, down from $1.51 billion at the beginning of the period[27] - The company has seen a decrease in cash and cash equivalents, which fell to approximately CNY 1.44 billion from CNY 1.58 billion, a decline of about 8.99%[16][18] Research and Development - Research and development expenses totaled ¥63,822,147.50, an increase of 40.52% from ¥45,419,325.19 year-on-year[5] - The proportion of R&D expenses to operating revenue rose to 23.18%, up by 4.58 percentage points from 18.60% in the previous year[5] - Research and development expenses increased to ¥63,822,147.50 in Q1 2025, up 40.49% from ¥45,419,325.19 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,709,168,285.35, reflecting a 2.01% increase from ¥5,596,873,243.71 at the end of the previous year[5] - The equity attributable to shareholders increased by 0.70% to ¥2,709,913,283.03 from ¥2,691,127,435.30 year-on-year[5] - The company's total assets amounted to ¥5,709,168,285.35, an increase from ¥5,596,873,243.71 year-over-year[19] - The company's current assets totaled approximately CNY 4.31 billion, up from CNY 4.26 billion, indicating a growth of around 1.93%[16][18] - The company's inventory increased to approximately CNY 1.99 billion from CNY 1.82 billion, reflecting a rise of about 9.43%[17][18] - The total liabilities of the company were approximately CNY 2.87 billion, compared to CNY 2.78 billion, marking an increase of about 3.52%[18] - The company reported a significant increase in accounts receivable, which rose to approximately CNY 545.59 million from CNY 529.81 million, a growth of about 2.97%[17] Shareholder and Partnership Developments - The company is in the process of transferring shares from major shareholders to Northern Huachuang, which could result in Northern Huachuang holding 17.88% of the company, making it the largest shareholder[13] - The partnership with Northern Huachuang is expected to enhance collaboration in R&D, supply chain, and customer resources, potentially improving competitiveness and shareholder returns[14] - The company reported a total of 10 major shareholders, with the largest shareholder holding approximately 21.32 million shares, representing 10.66% of the total shares[11] Operating Costs - Total operating costs for Q1 2025 were ¥335,644,509.77, up 28.42% from ¥261,285,811.66 in Q1 2024[21] - The company reported a significant increase in cash paid for purchasing goods and services, totaling$ 381.41 million, compared to $273.41 million previously[25] - Cash paid to employees increased to$ 147.03 million from $115.28 million in the prior period[25] - The company experienced a cash outflow of$ 39.15 million for taxes, up from $22.04 million previously[25] Product Development - The company plans to continue its focus on integrating different equipment processes and enhancing product offerings in the semiconductor equipment sector[14] - The company did not report any significant new product launches or technological advancements during this period[26]