(Stock Code: 1385) (a joint stock limited company incorporated in the People's Republic of China) ANNUAL REPORT 2022 年報 2022 ANNUAL REPORT for identification only (股份代號: 1385) (在中華人民共和國註冊成立的股份有限公司) 2022 年報 僅供識別 目錄 頁次 公司資料 2 主席報告 3 管理層討論及分析 5 董事及監事及高級管理層履歷 24 企業管治報告 28 董事會報告 40 監事會報告 54 經審核財務報表 審計報告 58 合併資產負債表 64 合併利潤表 66 合併股東權益變動表 68 合併現金流量表 69 資產負債表 71 利潤表 73 股東權益變動表 74 現金流量表 75 財務報表附註 77 補充資料 204 五年財務資料概要 206 1 2022年年報 公司資料 | --- | --- | --- | |------------------------------------------------------------- ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而産生或因倚賴 該等內容而引致之任何損失承擔任何責任。 1 上海復旦微電子集團股份有限公司 Shanghai Fudan Microelectronics Group Company Limited* (在 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ) | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company reported a revenue of approximately RMB 1.00 billion for Q3 2022, representing a year-on-year growth of 42.49%[6] - Net profit attributable to shareholders reached approximately RMB 329 million in Q3 2022, an increase of 69.50% compared to the same period last year[6] - For the first nine months of 2022, the company achieved a total revenue of approximately RMB 2.70 billion, reflecting a growth of 47.63% year-on-year[7] - The net profit attributable to shareholders for the first nine months was approximately RMB 859 million, marking a significant increase of 121.31% year-on-year[7] - Operating revenue for Q3 (July-September) increased by 42.49% due to active market expansion and continuous optimization[9] - Net profit attributable to shareholders for Q3 (July-September) rose by 69.50%, driven by increased operating revenue and improved gross profit margin[9] - Net profit attributable to shareholders for the first nine months increased by 121.31%[9] - Total sales revenue for the first three quarters reached RMB 2,619,490,649.96, a growth of 25.8% compared to RMB 2,081,554,188.70 in the same period of 2021[21] Profitability Metrics - The company's comprehensive gross profit margin improved from 58.16% to 65.03% in the first nine months of 2022 due to product structure optimization and new product launches[7] - The company reported a basic earnings per share of RMB 0.40 for Q3 2022, up 60.00% from the same period last year[4] - Basic earnings per share for the first three quarters of 2022 were RMB 1.05, compared to RMB 0.54 in the same period of 2021, reflecting an increase of about 94.4%[20] - The company reported a gross profit margin of approximately 34.4% for the first three quarters of 2022, compared to 21.2% in the same period of 2021[19] Research and Development - Research and development expenses totaled RMB 268.86 million in Q3 2022, which is a 39.83% increase compared to the same period last year[4] - Research and development investment for Q3 (July-September) was up by 39.83%, aimed at maintaining competitive R&D capabilities[9] - Research and development expenses for the first three quarters of 2022 were RMB 559,903,315.37, compared to RMB 476,680,565.67 in 2021, showing an increase of approximately 17.4%[19] Assets and Equity - Total assets at the end of the reporting period were RMB 57.61 billion, a 38.32% increase from the previous year[5] - Total assets increased by 38.32% primarily due to funds raised from public stock issuance and increased accounts receivable from revenue growth[10] - The equity attributable to shareholders increased to RMB 42.36 billion, reflecting a growth of 34.90% year-on-year[5] - The company's total equity reached RMB 4,845,425,452.59 as of September 30, 2022, up from RMB 3,366,902,546.50 at the end of 2021, indicating a growth of approximately 43.8%[18] Cash Flow - The company’s cash flow from operating activities showed a decline of 29.77% year-on-year, totaling RMB 26.63 million for the first nine months[4] - Cash flow from operating activities for the first nine months decreased by 29.77% due to increased prepayments to suppliers and inventory buildup[9] - Net cash flow from operating activities decreased to RMB 266,305,507.64, down 29.8% from RMB 379,177,943.55 year-on-year[21] - Cash inflow from investment activities totaled RMB 390,507,897.67, significantly higher than RMB 4,200,645.97 in the previous year[22] - Cash inflow from financing activities was RMB 537,453,354.78, down 30.7% from RMB 775,182,781.80 in the previous year[22] Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,311[11] - The company received tax refunds of RMB 18,008,270.96, which is a 87.5% increase from RMB 9,616,832.09 in the previous year[21]

Financial Performance - The company achieved operating revenue of approximately RMB 1.70 billion for the first half of 2022, representing a year-on-year growth of 50.83%[5] - Net profit attributable to shareholders reached approximately RMB 530 million, an increase of about 172.99% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 519 million, up approximately 220.88% year-on-year[5] - The company’s basic earnings per share for the first half of 2022 were RMB 0.65, compared to RMB 0.28 in the same period last year[5] - The company reported a significant increase in operating costs, which rose to RMB 1,136,161,435.26 from RMB 934,452,973.79 year-over-year, highlighting rising operational expenses[52] - The company experienced a net profit margin of approximately 31.9% for the first half of 2022, compared to 18.8% in the same period of 2021, showcasing improved efficiency[52] Assets and Liabilities - The company's total assets as of June 30, 2022, were approximately RMB 4.98 billion, reflecting a year-on-year increase of about 19.49%[5] - The net assets attributable to shareholders amounted to approximately RMB 3.69 billion, a year-on-year growth of about 17.61%[5] - The company's inventory at the end of the reporting period was valued at approximately RMB 1.09 billion, constituting 30.46% of total current assets[37] - The accounts receivable balance at the end of the reporting period was approximately RMB 768 million, while the accounts receivable notes balance was approximately RMB 389 million, together accounting for 67.99% of operating revenue[39] - Total liabilities amounted to RMB 1,045,844,600.02, up from RMB 798,111,636.69, which is an increase of approximately 31.0%[49] - The company reported a significant increase in accounts receivable, which rose to RMB 768,254,860.27 from RMB 451,703,130.78, a growth of approximately 70.0%[48] Research and Development - The company maintained a research and development investment of approximately RMB 399 million, which is a 22.17% increase compared to the previous year[6] - The company has established a multi-level R&D system, accumulating rich industry experience and a diverse product line over more than 20 years[21] - The company aims to increase R&D investment in non-volatile memory technologies to maintain a competitive edge in reliability, capacity coverage, and cost[16] - R&D expenses totaled RMB 373,782,494.19 for the first half of 2022, an increase of 22.1% compared to RMB 306,010,449.01 in the same period of 2021[198] Sales and Revenue Growth - The company’s sales revenue from the security and identification chip product line was approximately RMB 461 million, an increase from RMB 373 million in 2021[9] - The non-volatile memory product line achieved sales revenue of approximately RMB 487 million in the reporting period, up from RMB 364 million in 2021, indicating a growth of 33.9%[10] - The smart meter chip product line generated sales revenue of approximately RMB 276 million, significantly increasing from RMB 99 million in 2021, representing a growth of 178.8%[12] - Sales of security and identification products increased by 23.57% year-on-year, driven by optimized product performance and customer service[27] - Sales of non-volatile memory products increased by 33.80% year-on-year, supported by an improved customer structure[27] - Sales of smart meters surged by 177.86% year-on-year, benefiting from supply chain improvements and new product mass production[27] Market Expansion and Partnerships - The company has established partnerships with major manufacturers such as Qualcomm, Broadcom, and Intel, enhancing the application of its Flash products in various fields[10] - The company is expanding its market presence in smart meters, VR/AR, and ADAS applications, leveraging its strong supply chain capabilities[10] - The company is actively expanding into international markets, having established subsidiaries in regions such as the US, Singapore, and Taiwan[24] Financial Management and Risks - The company faced risks from high supplier concentration and fluctuations in raw material prices, which could directly affect profitability[33] - The financial risk associated with R&D investments could impact profits if intangible assets are amortized or impaired[38] - The company emphasized the importance of R&D, with a significant focus on maintaining competitive core technologies[38] Cash Flow and Investments - The net cash flow from operating activities was approximately RMB 329 million, reflecting a 39.61% increase compared to RMB 236 million in the previous year[40] - Cash inflow from operating activities totaled RMB 1,750,703,225.13, up 32.6% from RMB 1,320,647,216.75 in the previous year[55] - Cash outflow for operating activities was RMB 1,421,596,063.46, an increase of 31.0% compared to RMB 1,084,914,717.88 in 2021[55] Compliance and Governance - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy in reporting[67] - The company has no significant doubts regarding its ability to continue as a going concern for the next 12 months[68] Employee Compensation and Expenses - The total employee compensation payable amounted to RMB 143,208,910.14, a decrease from RMB 421,978,186.47 at the beginning of the period[176] - The company reported a significant increase in employee compensation for R&D, totaling RMB 225,573,621.87, up 36% from RMB 165,879,578.32 in the first half of 2021[198]