电科芯片(600877) - 2024 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2024 was CNY 201,658,897.30, representing a decrease of 7.21% compared to the same period last year[12]. - The net profit attributable to shareholders for Q1 2024 was CNY 19,289,972.25, an increase of 4.79% year-over-year[12]. - The company's total revenue for Q1 2024 was approximately RMB 201.66 million, a decrease of 7.21% compared to RMB 217.33 million in Q1 2023[49][58]. - Operating profit for Q1 2024 was RMB 19.69 million, slightly up from RMB 18.93 million in the same period last year[58]. - Net profit for Q1 2024 was RMB 19.29 million, compared to RMB 18.41 million in Q1 2023, indicating a positive trend[58]. - The net profit attributable to the parent company's shareholders for Q1 2024 was ¥19,289,972.25, an increase from ¥18,407,360.51 in Q1 2023, representing a growth of approximately 4.78%[59]. - Basic and diluted earnings per share for Q1 2024 were both ¥0.0163, compared to ¥0.0155 in Q1 2023, reflecting an increase of about 5.16%[59]. Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 2,895,779,433.87, down 6.12% from the end of the previous year[12]. - As of March 31, 2024, total assets amounted to approximately ¥2.90 billion, down from approximately ¥3.08 billion as of December 31, 2023[33]. - Current liabilities totaled approximately ¥470.78 million, a decrease from approximately ¥676.86 million at the end of the previous year[33]. - The total liabilities decreased from RMB 690.69 million as of December 31, 2023, to RMB 482.54 million by March 31, 2024[55]. - Non-current liabilities decreased from RMB 13.83 million to RMB 11.75 million during the same period[55]. Cash Flow - The cash flow from operating activities for Q1 2024 was negative at CNY -126,069,202.15, indicating a significant cash outflow[12]. - Cash inflow from operating activities totaled ¥204,339,797.05 in Q1 2024, down from ¥229,476,644.21 in Q1 2023, indicating a decrease of approximately 10.95%[61]. - Cash outflow from operating activities increased to ¥330,408,999.20 in Q1 2024, compared to ¥276,410,380.57 in Q1 2023, marking an increase of about 19.55%[61]. - The net cash flow from operating activities for Q1 2024 was -¥126,069,202.15, worsening from -¥46,933,736.36 in Q1 2023[61]. - Cash outflow from investing activities rose significantly to ¥37,669,543.61 in Q1 2024, compared to ¥4,037,186.00 in Q1 2023[64]. - The net cash flow from investing activities for Q1 2024 was -¥37,669,543.61, a decline from a positive net cash flow of ¥528,524,480.67 in Q1 2023[64]. - Cash outflow from financing activities increased to ¥41,706,275.89 in Q1 2024, compared to ¥26,365,000.00 in Q1 2023[64]. - The net cash flow from financing activities for Q1 2024 was -¥41,706,275.89, worsening from -¥26,365,000.00 in Q1 2023[64]. - The ending balance of cash and cash equivalents as of Q1 2024 was ¥781,668,512.95, down from ¥913,952,554.76 at the end of Q1 2023[64]. Research and Development - Research and development expenses decreased by 27.23% compared to the same period last year, as some projects have entered the tape-out stage but have not yet been processed[29]. - Research and development expenses for Q1 2024 were RMB 28.74 million, down from RMB 39.49 million in Q1 2023, reflecting a strategic adjustment[58]. Market and Strategic Focus - The company is focusing on expanding its market presence in satellite communication and security electronics, with product deliveries expected to increase starting Q2 2024[49]. - The company is actively adjusting its product structure to mitigate the impact of declining sales in the consumer electronics market[50]. Other Financial Metrics - The weighted average return on equity for Q1 2024 was 0.80%, a decrease of 0.05% compared to the previous year[12]. - The total equity attributable to shareholders increased to CNY 2,413,240,590.97, reflecting a growth of 0.81% from the previous year[12]. - The company reported a government subsidy of ¥3,163,958.67 included in non-operating income[42]. - The company's goodwill and intangible assets remained unchanged, with intangible assets valued at approximately ¥43.32 million as of March 31, 2024[33]. - The company's contract liabilities increased from approximately ¥29.96 million to approximately ¥33.27 million[33]. - The company's total non-current assets were approximately ¥299.71 million, slightly down from approximately ¥299.92 million[33]. - The deferred income decreased from RMB 9.56 million to RMB 8.16 million, indicating changes in revenue recognition[55]. - The accounts receivable increased slightly to CNY 1,002,860,021.73, compared to CNY 1,001,650,038.89 at the end of 2023[9]. - The company's inventory stood at CNY 515,716,353.10, a slight decrease from CNY 525,457,768.22 at the end of 2023[9]. - The company reported a significant increase in prepayments by 39.12%, attributed to rising R&D and production costs[15]. - Fixed assets decreased from approximately ¥38.08 million to approximately ¥35.24 million during the same period[33].