中信建投证券股份有限公司 关于上海复旦微电子集团股份有限公司 使用暂时闲置募集资金进行现金管理的核查意见 中信建投证券股份有限公司（以下简称"中信建投"或"保荐机构"）作为 上海复旦微电子集团股份有限公司（以下简称"复旦微电"或"公司"）首次公 开发行股票并在科创板上市的保荐机构及持续督导机构，根据《证券发行上市保 荐业务管理办法》《上海证券交易所科创板股票上市规则》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》《上海证券交易所科创板上 市公司自律监管指引第 1 号——规范运作》等相关规定和要求，对复旦微电本次 使用暂时闲置募集资金进行现金管理事项进行了审慎核查，核查情况如下： 一、本次募集资金基本情况 根据中国证券监督管理委员会于 2021 年 6 月 1 日出具的《关于同意上海复 旦微电子集团股份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕 1874 号），同意公司首次公开发行股票的注册申请。公司本次向社会公开发行人 民币普通股 12,000.00 万股，每股发行价格为人民币 6.23 元，募集资金总额为人 民币 74,760.00 万元；扣除发行费用后实际募集资金净 ...

中信建投证券股份有限公司 关于上海复旦微电子集团股份有限公司 2023 年半年度持续督导跟踪报告 2021 年 8 月 4 日，上海复旦微电子集团股份有限公司（以下简称"复旦微电"、 "公司"）在上海证券交易所科创板上市。根据《证券发行上市保荐业务管理办法》《上 海证券交易所科创板股票上市规则》等相关规定，中信建投证券股份有限公司（以下简 称"中信建投证券"、"保荐机构"）作为复旦微电的保荐机构，对复旦微电进行持续 督导，持续督导期为 2021 年 8 月 4 日至 2024 年 12 月 31 日。 2023 年上半年度，中信建投证券对复旦微电的持续督导工作情况总结如下： | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具体 的持续督导工作制定相应的工作计划。 | 保荐机构已建立健全并有效执行 | | | | 了持续督导制度，并制定了相应 | | | | 的工作计划。 | | | 根据中国证监会相关规定，在持续督导工作开始前，与 | 保荐机构已与复旦微电签订《持 | | 2 | 上市公司签署持续督导协议，明确双方在持 ...

| A 股证券代码：688385 | 证券简称：复旦微电 | 公告编号：2023-046 | | --- | --- | --- | | 港股证券代码：01385 | 证券简称：上海复旦 | | 监事会认为：公司 2023 年半年度报告及摘要的编制和审议程序符合法律、 法规和《公司章程》的各项规定；内容与格式符合中国证监会和上海证券交易所 的各项规定，所包含的信息真实地反映出公司报告期内的经营情况和财务状况等 事项；未发现参与公司 2023 年半年度报告及其摘要编制和审议的人员有违反保 密规定的行为；监事会保证公司 2023 年半年度报告及摘要所披露的信息真实、 准确、完整，所载资料不存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 二、审议通过《关于使用自有资金进行现金管理的议案》 上海复旦微电子集团股份有限公司 第九届监事会第九次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 上海复旦微电子集团股份有限公司(以下简称"公司") 第九届监事会第九 次会议于 2 ...

| A 股证券代码：688385 | 证券简称：复旦微电 | 公告编号：2023-031 | | --- | --- | --- | | 港股证券代码：01385 | 证券简称：上海复旦 | | 上海复旦微电子集团股份有限公司 关于召开 2022 年度业绩暨现金分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 上海复旦微电子集团股份有限公司（以下简称"公司"、"复旦微电"）已于 2023 年 3 月 22 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了 解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 5 月 19 日下午 16:00-17:00 举行 2022 年度业绩暨现金分红说明会，就投资者关心的问题进行 交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度经营成果及 财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者关注的问题进行回答。 1 / 2 会议召开时间：2023 年 05 月 1 ...

Financial Performance - The company's operating revenue for Q1 2023 was approximately 809.36 million RMB, representing a year-on-year increase of 4.33%[4] - The net profit attributable to shareholders was approximately 188.26 million RMB, a decrease of 19.18% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately 180.07 million RMB, down 20.42% year-on-year[4] - Total operating revenue for Q1 2023 was CNY 809,356,915.84, an increase from CNY 775,796,660.96 in Q1 2022, representing a growth of approximately 4.5%[20] - Net profit for Q1 2023 was CNY 194,533,485.13, down from CNY 238,180,764.62 in Q1 2022, reflecting a decrease of approximately 18.4%[22] - The total comprehensive income for Q1 2023 was CNY 194,538,275.89, compared to CNY 237,967,045.53 in Q1 2022, reflecting a decrease of approximately 18.2%[23] Research and Development - R&D investment totaled approximately 286.90 million RMB, an increase of 44.45% year-on-year, accounting for 35.45% of operating revenue, up 9.85 percentage points[5] - Research and development expenses rose to CNY 219,344,606.32 in Q1 2023, compared to CNY 168,652,941.66 in Q1 2022, marking an increase of about 30.0%[22] Assets and Liabilities - The company's total assets at the end of the reporting period were approximately 6.95 billion RMB, an increase of 13.80% from the end of the previous year[5] - The total liabilities as of Q1 2023 amounted to CNY 1,576,828,570.96, up from CNY 957,718,676.14 in Q1 2022, which is an increase of approximately 64.5%[19] - The company's total liabilities and equity as of Q1 2023 totaled CNY 6,954,233,213.47, up from CNY 6,110,888,054.09 in Q1 2022, representing an increase of about 13.8%[19] Cash Flow - The net cash flow from operating activities was -524.98 million RMB, primarily due to increased cash payments for goods purchased to ensure supply chain security[10] - In Q1 2023, the company's operating cash inflow totaled ¥641,002,729.28, a decrease of 29.3% from ¥906,389,290.68 in Q1 2022[25] - The total cash outflow from operating activities in Q1 2023 was ¥1,165,986,291.20, compared to ¥728,375,564.07 in Q1 2022, representing an increase of 60.1%[25] - The net cash flow from operating activities in Q1 2023 was -¥524,983,561.92, contrasting with a positive cash flow of ¥178,013,726.61 in Q1 2022[25] - Cash inflow from investment activities in Q1 2023 was ¥225,683,029.78, up from ¥183,401,507.26 in Q1 2022, marking an increase of 23.1%[25] - The net cash flow from investment activities in Q1 2023 was -¥294,342,943.05, compared to -¥75,858,075.46 in Q1 2022, indicating a decline in investment performance[25] - Cash inflow from financing activities in Q1 2023 was ¥330,563,472.36, significantly higher than ¥23,124,235.84 in Q1 2022, reflecting a growth of 1,328.5%[26] - The net cash flow from financing activities in Q1 2023 was ¥323,231,185.34, compared to ¥17,478,430.17 in Q1 2022, showing a substantial increase[26] Shareholder Information - The company had a total of 23,868 common shareholders at the end of the reporting period[11] - The company has a significant number of shareholders, with 23,857 A-share holders and 11 H-share holders as of the report date[14] - The top ten unrestricted shareholders hold a total of 284,204,990 shares, with the largest being Hong Kong Central Clearing Limited[12] Inventory and Receivables - The inventory value rose significantly to ¥2,283,583,401.62 from ¥1,483,264,548.04, reflecting an increase of approximately 53.9% year-over-year[17] - The accounts receivable increased to ¥913,802,407.04 from ¥730,204,276.92, marking a growth of approximately 24.9%[17] Other Financial Metrics - The comprehensive gross margin for the reporting period was 66.77%, an increase of 3.18 percentage points year-on-year[5] - Basic earnings per share for Q1 2023 were CNY 0.23, down from CNY 0.29 in Q1 2022, indicating a decrease of approximately 20.7%[23] - The company reported a credit impairment loss of CNY 20,782,856.27 in Q1 2023, compared to CNY 4,000,504.13 in Q1 2022, which is an increase of about 419.6%[22] Tax and Refunds - The company received tax refunds of ¥9,696,496.64 in Q1 2023, slightly up from ¥9,022,427.25 in Q1 2022, indicating a modest increase of 7.5%[25] Strategic Developments - The report indicates that there are no significant new strategies or product developments mentioned in the provided content[15]

Financial Performance - The company's operating revenue for Q1 2023 was approximately RMB 809.36 million, an increase of 4.33% compared to the same period last year[6]. - Net profit attributable to shareholders was approximately RMB 188.26 million, a decrease of 19.18% year-on-year[6]. - Total revenue for Q1 2023 reached RMB 809.36 million, a 4.5% increase from RMB 775.80 million in Q1 2022[18]. - Operating profit for Q1 2023 was RMB 208.31 million, down 13.3% from RMB 240.25 million in Q1 2022[18]. - Net profit attributable to shareholders for Q1 2023 was RMB 188.26 million, a decrease of 19.2% compared to RMB 232.93 million in Q1 2022[18]. - Basic earnings per share for Q1 2023 were RMB 0.23, down from RMB 0.29 in Q1 2022, a decrease of 20.7%[19]. Research and Development - R&D investment totaled RMB 286.90 million, representing a significant increase of 44.45% compared to the previous year[4]. - Research and development expenses increased to RMB 219.34 million in Q1 2023, up 30.1% from RMB 168.65 million in Q1 2022[18]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 695.42 million, reflecting a growth of 13.80% from the previous year[5]. - Total assets increased to RMB 6.95 billion in Q1 2023, up from RMB 6.11 billion in Q1 2022, reflecting a growth of 13.8%[17]. - Non-current liabilities rose to RMB 69.56 million in Q1 2023, compared to RMB 53.84 million in Q1 2022, marking an increase of 29.3%[17]. Cash Flow - Cash flow from operating activities was negative at RMB -524.98 million, primarily due to increased prepayments to suppliers and inventory buildup[9]. - Cash flow from operating activities showed a net outflow of RMB 524.98 million in Q1 2023, compared to a net inflow of RMB 178.01 million in Q1 2022[20]. - The company's cash inflow from investment activities was RMB 221.55 million in Q1 2023, compared to RMB 182.20 million in Q1 2022, an increase of 21.6%[20]. - Net cash flow from investing activities was -$294.34 million, a decrease from -$75.86 million in the previous period[22]. - Cash inflow from financing activities totaled $330.56 million, significantly up from $23.12 million year-over-year[22]. - The net increase in cash and cash equivalents was -$498.02 million, compared to an increase of $118.92 million in the prior year[22]. - The ending balance of cash and cash equivalents was $622.26 million, down from $534.68 million in the previous period[22]. Inventory and Shareholder Information - Inventory increased significantly from RMB 1,483,264,548.04 to RMB 2,283,583,401.62, reflecting a growth of approximately 53.9%[15]. - The total number of common shareholders at the end of the reporting period was 23,868, with the top ten shareholders holding a combined 68.71% of shares[10]. - The total number of A-share shareholders was 23,857, while H-share shareholders numbered 11[12]. - Hong Kong Central Clearing (Agent) Limited holds 284,204,990 shares, representing 34.80% of total shares[10]. - Shanghai Zhengben Enterprise Management Consulting Partnership (Limited Partnership) holds 52,167,270 shares, representing 6.39% of total shares[10]. - The company has a total of 109,620,000 shares held by Shanghai Fudan Fuxin Technology Holdings, accounting for 13.42%[10]. - As of March 31, 2023, 19,750,000 shares held by Shanghai Zhengben Enterprise Management Consulting Partnership were under judicial freeze[13]. Profitability Metrics - The gross profit margin for the reporting period was 66.77%, an increase of 3.18 percentage points year-on-year[6]. - The weighted average return on equity decreased by 3.09 percentage points to 4.06%[4]. - The company experienced an increase in credit impairment losses of approximately RMB 16.78 million due to higher accounts receivable balances[7].

Financial Performance - The company achieved a revenue of RMB 3.539 billion in 2022, representing a year-on-year growth of 37.31%[4] - Net profit attributable to shareholders reached RMB 1.077 billion, with a significant increase of 109.31% compared to the previous year[4] - The overall gross profit margin for 2022 was 64.67%[4] - Operating revenue for 2022 reached RMB 353,890.89 million, a 37.31% increase from RMB 257,726.23 million in 2021[25] - The company reported a significant increase in asset impairment losses, totaling RMB 135,373,635.53, primarily due to decreased demand for consumer electronics[26] - The company’s net assets as of December 31, 2022, amounted to RMB 5,153,169,377.95, representing an increase of approximately 53.05% compared to RMB 3,366,902,546.50 in 2021[45] - The total equity attributable to shareholders increased to approximately CNY 4.53 billion in 2022, a 44.4% rise from CNY 3.14 billion in 2021[166] - The company reported a total comprehensive income for the year was RMB 1,931,730.92, contributing to a total equity of RMB 2,920,195,605.92 by year-end[183] Research and Development - Research and development expenses amounted to approximately RMB 886 million, accounting for 25.04% of the annual revenue[5] - The company is actively developing billion-gate FPGA products to ensure technological leadership in the domestic programmable device sector[5] - Research and development expenditures increased by 83.25% to RMB 31,652.17 million, reflecting the company's commitment to innovation[28] - The company is focusing on enhancing supply chain capabilities and reducing the impact of supply chain fluctuations on operations[13] - The company is engaged in the design, development, and testing of ultra-large-scale integrated circuits, providing system solutions across various sectors including finance, social security, and artificial intelligence[15] Market Strategy and Product Development - The company is focusing on emerging markets and industrial-grade products to counteract the decline in consumer electronics chip demand[4] - The company maintains a leading position in the single-phase smart meter MCU market and is set to launch new products to strengthen its automotive electronics segment[5] - The company is actively expanding its market presence in industrial-grade products and high-reliability applications[7] - The company has established a strong foundation in semiconductor technology, which is critical for its future product development[55] Corporate Governance - The company confirmed its responsibility for preparing the financial statements for the year ended December 31, 2022, in accordance with statutory requirements and applicable accounting standards[60] - The board believes that the company has complied with all corporate governance code provisions during the year ended December 31, 2022[64] - The company has established various committees to ensure good corporate governance, including the Audit, Nomination, Remuneration, Strategic and Investment, and ESG Committees[76] - The board is collectively responsible for promoting robust corporate governance, which is embedded in the company's culture[63] Financial Management and Cash Flow - Net cash flow from operating activities decreased by 46.65% to RMB 32,128.55 million from RMB 60,220.49 million in 2021[27] - Cash and cash equivalents increased by 48.55% to RMB 119,082.83 million, up from RMB 80,164.72 million in 2021, primarily from fundraising activities[28] - The company reported a net cash inflow from financing activities of CNY 504,586,861.94 in 2022, down from CNY 718,805,717.40 in 2021, indicating a decrease of approximately 29.8%[176] - The net cash flow from investing activities in 2022 was CNY 132,514,506.43, compared to a net outflow of CNY 1,182,797,302.32 in 2021, indicating an improvement in cash flow management[174] Employee and Talent Management - The company has a total of 1,691 employees, with 885 in technical roles, reflecting a strong emphasis on technical expertise[48] - The company has established a comprehensive performance evaluation system to optimize talent management and ensure competitive compensation for employees[50] - The company emphasizes the importance of talent retention and innovation capability amidst intense competition for R&D personnel in the domestic chip design industry[34] Risks and Challenges - The company faces risks related to the concentration of suppliers and cyclical fluctuations in capacity utilization due to its fabless business model[34] - The semiconductor industry is experiencing a slowdown in growth, particularly in consumer electronics, which may adversely affect the company's performance[39] - The international trade environment poses significant risks to the company's operations, with increasing uncertainties and protectionist measures impacting the semiconductor industry[40] Shareholder and Dividend Policy - The company plans to distribute a cash dividend of RMB 1.35 per 10 shares, totaling RMB 110,248,627.50, pending shareholder approval[6] - The company has maintained a policy to distribute at least 10% of its distributable profits as cash dividends annually, subject to various factors[96] - The company will regularly review and reassess its dividend policy to ensure its effectiveness[96] Environmental, Social, and Governance (ESG) - The company emphasizes sustainable development and ESG management to enhance compliance and operational efficiency[6] - The company has established an Environmental, Social, and Governance (ESG) committee to oversee related matters and ensure effective risk management[124] - The leadership team has a commitment to environmental, social, and governance (ESG) principles, reflecting a modern approach to corporate responsibility[56]

Financial Performance - The company's operating revenue for 2022 was CNY 353,890.89 million, representing a 37.31% increase compared to CNY 257,726.23 million in 2021[19]. - The net profit attributable to shareholders for 2022 was CNY 107,684.33 million, a significant increase of 109.31% from CNY 51,446.68 million in 2021[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 101,940.55 million, up 129.49% from CNY 44,420.31 million in 2021[19]. - The company's total assets at the end of 2022 were CNY 611,088.81 million, a 46.72% increase from CNY 416,501.42 million at the end of 2021[19]. - The net assets attributable to shareholders at the end of 2022 were CNY 453,123.04 million, reflecting a 44.30% increase from CNY 314,024.57 million at the end of 2021[19]. - The basic earnings per share for 2022 were CNY 1.32, an increase of 91.30% compared to CNY 0.69 in 2021[20]. - The diluted earnings per share for 2022 were CNY 1.31, reflecting an increase of 89.86% from CNY 0.69 in 2021[20]. - The comprehensive gross profit margin increased by 5.76 percentage points due to product structure adjustments and new product launches[21]. - The overall gross margin was 64.67%, maintained through timely adjustments in product structure and pricing strategies[70]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of RMB 1.35 per 10 shares, totaling approximately RMB 110.25 million (including tax) for the year 2022[3]. - The profit distribution plan has been approved by the board and will be submitted for shareholder approval[3]. - The cash dividend distribution for A shares was completed on July 21, 2022, and for H shares on August 19, 2022, aligning with the proposed plans[136]. - The company announced a cash dividend of RMB 0.65 per 10 shares for the 2021 fiscal year, totaling RMB 52,942,630.00, which represents 10.29% of the net profit attributable to ordinary shareholders[138]. Research and Development - The R&D expenditure as a percentage of operating revenue was 25.04% in 2022, a decrease of 4.02 percentage points from 29.06% in 2021[20]. - The company achieved a total R&D investment of CNY 88,610.18 million in the reporting period, an increase of 18.32% compared to the previous year[48]. - The company applied for 32 invention patents and obtained 13 invention patent authorizations during the reporting period, bringing the total number of invention patents to 221[46]. - The company is actively developing high-sensitivity and anti-interference fault arc detection chips, enhancing its product offerings in low-voltage electrical appliances[55]. - The company is focusing on product line layout and accelerating product development, with plans to enhance core competitiveness through differentiated products and technology leadership[100]. Market Position and Strategy - The company is recognized as one of the leading firms in the FPGA field in China, emphasizing its technological advancements and market position[35]. - The company maintains a leading position in the domestic RFID, smart card, and security module chip supply market, actively developing RFID + sensor ecosystems to enhance product offerings and solutions[39]. - The company is leveraging opportunities from the ongoing chip shortage, particularly in high-end chips for electric vehicles and industrial control[38]. - The company aims to expand its market presence in high-reliability applications, including automotive electronics and medical devices, through the development of secure chips[41]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[110]. Governance and Compliance - The company has established a governance structure that ensures clear responsibilities and effective operation among its decision-making bodies[103]. - The company has maintained a robust internal control system, with no significant deficiencies reported during the period[144]. - The independent non-executive directors and the supervisory board have expressed clear agreement on the profit distribution proposals, ensuring compliance with corporate governance standards[137]. - The company has not faced any penalties from securities regulatory authorities in the past three years[118]. - The company is committed to maintaining transparency and accountability in its financial reporting and corporate governance practices[109]. Risks and Challenges - The company faces risks related to high supplier concentration and cyclical fluctuations in capacity utilization, which could adversely affect profitability and product delivery[62]. - The company is at risk of declining product sales prices and gross margins due to increased competition and changing market dynamics, particularly in the consumer electronics sector[62]. - The company is exposed to risks from changes in government subsidies and tax incentives, which could impact profitability if national policies shift[64]. - The semiconductor industry is facing a downward trend, with a projected global semiconductor market sales of approximately $556.6 billion in 2023, a decline of 4.1% compared to 2022[38]. Environmental, Social, and Governance (ESG) - The company reported direct greenhouse gas emissions of 340.33 tons of CO2 equivalent and indirect emissions of 6,772.80 tons of CO2 equivalent for the year 2022[152]. - The company invested 1.2532 million RMB in environmental protection during the reporting period[149]. - The board of directors emphasizes the importance of ESG work and has established a committee to oversee ESG strategies and goals[148]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[149]. Employee and Management - The total number of employees in the parent company and major subsidiaries is 1,691, with 1,262 in the parent company and 429 in major subsidiaries[131]. - The company increased its R&D personnel to 885, representing 52.34% of the total workforce, with an average salary of 60.50 thousand RMB[56]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 15.36 million RMB[117]. - The company has a competitive compensation policy that includes salaries, bonuses, social insurance, and various leave types[132]. Future Outlook - Future performance guidance indicates a positive outlook with expected revenue growth driven by new product launches and market penetration strategies[109]. - The company projects a revenue growth of 20% for the next fiscal year, aiming for a target of 1.8 billion RMB[110]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative technology solutions[110].

Financial Performance - The company's operating revenue for 2022 was RMB 3,538,908,884.94, representing an increase of 37.4% compared to RMB 2,577,262,346.93 in 2021[4] - Net profit attributable to shareholders of the parent company reached RMB 1,076,843,340.68, up 109.5% from RMB 514,466,780.71 in the previous year[4] - Total comprehensive income for 2022 reached RMB 1,120,440,199.87, a significant increase from RMB 560,497,013.52 in 2021[5] - Basic earnings per share rose to 1.32 in 2022, compared to 0.69 in 2021, reflecting a growth of 91.3%[5] - The total profit for 2022 was RMB 1.12 billion, up from RMB 573.45 million in 2021[19] - The overall gross margin was 64.67%, an increase of 5.76 percentage points compared to the previous year[41] Assets and Liabilities - Total assets as of December 31, 2022, amounted to RMB 6,110,888,054.09, a significant increase of 46.5% from RMB 4,165,014,183.19 in 2021[3] - The total liabilities increased to RMB 957,718,676.14, compared to RMB 798,111,636.69 in the previous year, marking a rise of 19.9%[3] - The total equity attributable to shareholders of the parent company increased to RMB 4,531,230,351.61, up 44.4% from RMB 3,140,245,706.35 in 2021[3] - Current assets reached RMB 4,327,100,944.42, up about 42.26% from RMB 3,041,662,776.16 in 2021, with cash and cash equivalents increasing by 48.55% to RMB 1,190,828,339.52[44] Research and Development - Research and development expenses for 2022 were RMB 735,419,692.61, slightly up from RMB 691,637,283.03 in 2021, indicating a continued focus on innovation[4] - R&D investment for the period was approximately RMB 886 million, accounting for 25.04% of annual revenue, emphasizing the company's commitment to innovation[30] Market and Product Development - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[4] - The company plans to explore new applications for SE chips in access control, home appliances, and digital rights protection[24] - The company is actively expanding into new application areas such as overseas POS, automotive electronics, and electric two-wheelers, with promising future prospects[25] - The smart meter MCU product line is extending its applications to water, gas, and heat meters, capitalizing on domestic opportunities in fragmented markets[26] Accounts Receivable and Payable - The company reported a significant increase in accounts receivable, which rose to RMB 730,204,276.92 from RMB 451,703,130.78, reflecting a growth of 61.6%[2] - The aging analysis of accounts receivable shows that the amount within one year increased to RMB 688,650,408.23 in 2022 from RMB 406,261,790.71 in 2021, representing a growth of approximately 69.5%[12] - The company’s accounts payable as of 2022 was RMB 200,135,123.53, with amounts due within one year totaling RMB 187,918,075.41[13] Capital Management and Funding - The company completed a public offering of 40 million shares at RMB 13.50 per share, raising a total of RMB 540,000,000, with a net amount of RMB 507,600,000 allocated for integrated circuit testing industrialization and R&D center construction[55] - The actual amount of funds raised was RMB 507,600,000.00, with a remaining balance of RMB 222,192,779.93 as of December 31, 2022[56] - The company plans to use the remaining unutilized funds for development and technology reserve within two years from the listing date[60] Dividend Distribution - The company plans to distribute a cash dividend of RMB 1.35 per share for the fiscal year 2022, totaling RMB 110,248,627.50, which accounts for 10.24% of the net profit attributable to shareholders[16] - The company plans to distribute a final dividend of RMB 1.35 per 10 shares for the year ended December 31, 2022, totaling an estimated cash dividend of RMB 110,248,627.50, compared to RMB 52,942,630.00 in 2021[51] Compliance and Governance - The audit committee has reviewed the financial statements for the year ended December 31, 2022, confirming compliance with applicable accounting standards[64] - The company has maintained a public shareholding ratio of no less than 25% as of the announcement date[62] - There are no significant post-balance sheet events reported by the group[64]

Financial Performance - In Q3 2022, the company achieved operating revenue of approximately 1.00 billion RMB, a year-on-year increase of 42.49%[5] - The net profit attributable to shareholders in Q3 2022 was approximately 329 million RMB, representing a year-on-year growth of 69.50%[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses in Q3 2022 was approximately 316 million RMB, up 81.65% year-on-year[5] - For the first nine months of 2022, the company reported operating revenue of approximately 2.70 billion RMB, an increase of 47.63% compared to the same period last year[6] - The net profit attributable to shareholders for the first nine months of 2022 was approximately 859 million RMB, reflecting a significant year-on-year growth of 121.31%[6] - Revenue for Q3 (July to September) increased by 42.49% due to active market expansion and optimization of product offerings[9] - Revenue for the first nine months increased by 47.63%, supported by enhanced production and supply chain capacity[9] - Net profit attributable to shareholders for Q3 rose by 69.50%, driven by increased revenue and improved gross margin[9] - Net profit attributable to shareholders for the first nine months surged by 121.31%[9] - Basic earnings per share for Q3 increased by 60.00% due to net profit growth[9] - Basic earnings per share for the first nine months rose by 94.44%[9] Research and Development - The company’s R&D investment in Q3 2022 totaled approximately 268.86 million RMB, accounting for 26.83% of operating revenue[5] - R&D investment for Q3 increased by 39.83% to maintain competitive edge, with higher employee compensation and stock incentive plans[9] - Research and development expenses increased to ¥559,903,315.37 in the first three quarters of 2022, compared to ¥476,680,565.67 in 2021, marking a rise of 17.4%[21] Assets and Liabilities - The total assets at the end of Q3 2022 were approximately 57.61 billion RMB, an increase of 38.32% compared to the end of the previous year[5] - Total assets increased by 38.32% due to successful fundraising and increased receivables from customers[11] - As of September 30, 2022, the total current assets amounted to approximately CNY 4.29 billion, an increase of 41.0% compared to CNY 3.04 billion on December 31, 2021[17] - The company's cash and cash equivalents reached CNY 1.14 billion, up from CNY 801.65 million, reflecting a growth of 42.3%[17] - Accounts receivable increased significantly to CNY 896.36 million, compared to CNY 451.70 million, representing a growth of 98.5%[17] - Inventory levels rose to CNY 1.20 billion, an increase of 30.8% from CNY 916.08 million[17] - Non-current assets totaled CNY 1.47 billion, up from CNY 1.12 billion, indicating a growth of 31.0%[18] - The total assets of the company reached CNY 5.76 billion, a 38.3% increase from CNY 4.17 billion[19] - Total liabilities amounted to CNY 915.47 million, an increase of 14.7% from CNY 798.11 million[19] - The equity attributable to shareholders increased to CNY 4.24 billion, up from CNY 3.14 billion, reflecting a growth of 35.0%[19] - The company reported a significant increase in retained earnings, which rose to CNY 2.55 billion from CNY 1.75 billion, a growth of 46.1%[19] Cash Flow - Cash flow from operating activities for the first nine months decreased by 29.77% due to increased prepayments to suppliers and inventory buildup[9] - The company reported a net cash flow from operating activities of ¥266,305,507.64 for the first three quarters of 2022, down from ¥379,177,943.55 in the same period of 2021[24] - Net cash flow from investing activities was -$200.78 million, compared to -$642.15 million in the previous period[25] - Cash inflow from financing activities totaled $537.45 million, down from $775.18 million year-over-year[25] - Net cash flow from financing activities was $394.34 million, a decrease from $761.32 million in the prior period[25] - The net increase in cash and cash equivalents was $459.83 million, compared to $497.41 million previously[25] - The ending balance of cash and cash equivalents reached $875.58 million, up from $776.78 million last year[25] Future Outlook - The company plans to continue optimizing product structure and expanding market presence to drive future growth[6] - The company is focusing on expanding its market presence and investing in new technologies to drive future growth[20]