瑞芯微(603893) - 2024 Q1 - 季度财报

Financial Performance - Revenue for the first quarter of 2024 reached RMB 543,077,768.88, a year-on-year increase of 64.89%[4] - Net profit attributable to shareholders of the listed company was RMB 67,649,705.21, compared to a loss of RMB 18.38 million in the same period last year[6] - Operating revenue for Q1 2024 was 543,077,768.88 RMB, a significant increase from 329,365,990.64 RMB in Q1 2023[19] - Net profit for Q1 2024 was 67,649,705.21 RMB, a significant improvement from a net loss of 18,378,664.30 RMB in Q1 2023[20] - Basic earnings per share for Q1 2024 were 0.16 RMB, compared to a loss of 0.04 RMB per share in Q1 2023[21] - Sales revenue from goods and services increased to 609.34 million yuan in Q1 2024, up 41.2% from 431.44 million yuan in Q1 2023[22] Cash Flow and Liquidity - Net cash flow from operating activities increased by 261.11% to RMB 211,569,049.41[4] - Net cash flow from operating activities surged to 211.57 million yuan in Q1 2024, a 261% jump from 58.59 million yuan in Q1 2023[23] - Cash and cash equivalents increased to 1,024,978,491.90 RMB as of March 31, 2024, from 1,013,376,095.39 RMB at the end of 2023[14] - Cash and cash equivalents at period-end reached 1,003.80 million yuan in Q1 2024, up 51.9% from 660.82 million yuan in Q1 2023[23] - Net cash flow from investing activities was -200.50 million yuan in Q1 2024, compared to -85.28 million yuan in Q1 2023[23] - Net cash flow from financing activities was -3.18 million yuan in Q1 2024, compared to 6.76 million yuan in Q1 2023[23] - Cash inflow from investment activities decreased to 110.14 million yuan in Q1 2024, down 56% from 250.63 million yuan in Q1 2023[23] Assets and Liabilities - Total assets at the end of the reporting period were RMB 3,506,983,204.76, a slight decrease of 0.01% compared to the end of the previous year[6] - Total current assets as of March 31, 2024, amounted to 2,861,871,387.76 RMB, compared to 2,853,127,598.17 RMB at the end of 2023[15] - Total non-current assets as of March 31, 2024, amounted to 645,111,817.00 RMB, compared to 654,091,952.57 RMB at the end of 2023[15] - Fixed assets decreased to 34,935,284.13 RMB as of March 31, 2024, from 40,433,289.19 RMB at the end of 2023[15] - Intangible assets decreased to 106,497,579.94 RMB as of March 31, 2024, from 127,820,661.61 RMB at the end of 2023[15] - Deferred tax assets increased to 128,167,483.63 RMB as of March 31, 2024, from 127,687,593.93 RMB at the end of 2023[15] - Other non-current assets decreased to 23,998,024.58 RMB as of March 31, 2024, from 25,294,028.44 RMB at the end of 2023[15] - Total liabilities decreased to 376,145,218.03 RMB from 446,479,460.68 RMB in the previous period[17] Equity and Shareholder Information - Equity attributable to shareholders of the listed company increased by 2.29% to RMB 3,130,837,986.73[6] - Total equity attributable to owners of the parent company increased to 3,130,837,986.73 RMB from 3,060,740,090.06 RMB[18] - The largest shareholder, Li Min, holds 157,679,892 shares, representing 37.71% of the total shares[11] Product and Market Development - The company's flagship chip RK3588 entered a rapid growth phase, with increasing mass production customers and projects[6] - New products such as the RK3576 AIoT processor and RK2118 AI audio processor were released, strengthening the company's AIoT chip portfolio[6] - The company achieved significant growth in automotive electronics, industrial applications, and machine vision sectors, with stable gross margins[6] Expenses and Costs - Operating costs for Q1 2024 were 497,654,877.90 RMB, compared to 376,655,683.88 RMB in Q1 2023[19] - R&D expenses for Q1 2024 were 119,321,139.70 RMB, slightly lower than 121,513,108.50 RMB in Q1 2023[20] - Financial expenses for Q1 2024 were -11,534,926.21 RMB, a significant decrease from -1,885,023.07 RMB in Q1 2023[20] - Cash payments for employee compensation grew to 103.68 million yuan in Q1 2024, up 8.1% from 95.95 million yuan in Q1 2023[23] - Cash outflow for purchasing goods and services increased to 323.83 million yuan in Q1 2024, a 7.2% rise from 301.96 million yuan in Q1 2023[22] - Cash payments for taxes and fees jumped to 15.08 million yuan in Q1 2024, a 137% increase from 6.37 million yuan in Q1 2023[23] Other Financial Metrics - The company's weighted average return on equity (ROE) for the quarter was 2.19%[4] - Government subsidies contributed RMB 306,254.80 to non-recurring gains[7] - Other comprehensive income after tax for Q1 2024 was 1,909.95 RMB, compared to a loss of 107,824.85 RMB in Q1 2023[20] - Tax refunds received rose to 50.13 million yuan in Q1 2024, an 80% increase from 27.87 million yuan in Q1 2023[22]