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佰维存储(688525) - 2023 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2023 was CNY 42,549.11 million, representing a decrease of 39.41% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was a loss of CNY 12,601.52 million, a decline of 908.07% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 12,912.08 million, down 1,136.07% from the previous year[3]. - The basic earnings per share for the period was CNY -0.33, reflecting a decrease of 925.00% compared to the same period last year[3]. - The company reported a net loss for Q1 2023, indicating challenges in maintaining profitability amid declining revenues[47]. - Operating profit turned negative at ¥138,699,902.15, down from a profit of ¥12,995,868.83 in the previous year[49]. - Total comprehensive income for the period was ¥-126,530,823.90, contrasting with a total of ¥19,016,151.53 in the prior year[50]. - Basic and diluted earnings per share were both ¥-0.33, compared to ¥0.04 in the same quarter last year[50]. - The company reported a net loss of ¥126,015,215.24 for the quarter, compared to a net profit of ¥15,594,606.41 in the same period last year, representing a significant decline[49]. Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 516,279.52 million, an increase of 17.04% from the end of the previous year[16]. - Current assets totaled CNY 4,239,436,195.49, an increase of 20.3% from CNY 3,523,325,078.56 in the previous year[25]. - The company's total liabilities as of March 31, 2023, were RMB 2,867,768,488.87, an increase of 44.1% from RMB 1,989,642,318.47 at the end of 2022[44]. - The total equity attributable to shareholders as of March 31, 2023, was RMB 2,295,026,704.88, down from RMB 2,421,557,528.78 at the end of 2022, a decrease of 5.2%[45]. - Total assets reached CNY 5,162,795,193.75, up from CNY 4,411,199,847.25, reflecting a growth of 17.0%[25]. - Short-term borrowings increased to CNY 1,709,108,059.93 from CNY 1,148,338,293.60, an increase of 48.9%[25]. Cash Flow - The company reported a net cash flow from operating activities of CNY -64,644.67 million, indicating a significant cash outflow during the quarter[3]. - Net cash flow from operating activities was negative at CNY -646,446,720.36, worsening from CNY -158,093,256.02 in the same period last year[33]. - Cash inflow from financing activities was CNY 1,140,532,219.71, significantly higher than CNY 217,716,681.52 in the previous year[34]. - The company reported a net cash outflow from investing activities of CNY -60,339,931.85, compared to CNY -47,207,617.04 last year[33]. - The company received tax refunds amounting to CNY 49,359,220.19, an increase from CNY 17,770,444.96 in the previous year[33]. Research and Development - Research and development expenses totaled CNY 3,076.21 million, accounting for 7.23% of operating revenue, which is an increase of 2.75 percentage points year-on-year[16]. - Research and development expenses for Q1 2023 amounted to RMB 30,762,097.63, slightly down from RMB 31,493,604.35 in Q1 2022[47]. Market Conditions and Strategy - The company experienced a significant decline in demand for semiconductor storage products due to a weak global consumer electronics market, leading to a sharp drop in storage product prices[17]. - The company plans to focus on market expansion and new product development to address the current challenges in the semiconductor storage market[17]. - The company plans to focus on market expansion and new product development to drive future growth[41]. - The company is exploring strategic partnerships and potential acquisitions to enhance its market position and technological capabilities[41]. Other Financial Metrics - The weighted average return on net assets was -5.34%, a decrease of 6.19 percentage points compared to the previous year[16]. - The company experienced an asset impairment loss of ¥37,197,233.15, significantly higher than the previous year's loss of ¥2,497,877.37[49]. - Other income increased to ¥2,787,389.22 from ¥2,115,299.51 year-over-year[49]. - Investment income rose to ¥891,453.17, up from ¥195,000.00 in the prior year[49]. - The company reported a foreign exchange loss of ¥-515,608.66, compared to a gain of ¥3,421,545.12 in the same quarter last year[50]. - The total profit before tax was ¥-138,718,113.10, compared to a profit of ¥13,008,808.96 in the previous year[49]. Accounting Standards - The company did not apply new accounting standards for the first quarter of 2023[55].