| 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]

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]

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, reaching a total of 1.2 billion yuan, representing a year-on-year growth of 25%[2]. - The company's operating revenue for the first half of 2022 reached ¥170,233.34 million, representing a 50.83% increase compared to ¥112,866.40 million in the same period last year[17]. - Net profit attributable to shareholders was ¥53,053.15 million, a significant increase of 172.99% from ¥19,434.33 million year-on-year[17]. - The net profit after deducting non-recurring gains and losses was ¥51,894.80 million, up 220.88% from ¥16,172.86 million in the previous year[17]. - The net cash flow from operating activities was ¥32,910.72 million, reflecting a 39.61% increase compared to ¥23,573.25 million in the same period last year[17]. - The company achieved a revenue increase of 50.83% year-on-year, reaching approximately 5.31 billion RMB, and a net profit increase of 172.99% year-on-year[40]. - The company reported a total comprehensive income of ¥543,217,414.14 for the first half of 2022, compared to ¥211,446,804.10 in the previous year, a 156% increase[111]. Market Expansion and Product Development - The company is expanding its market presence, targeting international markets with a planned increase in marketing budget by 50% for the upcoming year[2]. - New product development includes the launch of a next-generation integrated circuit, expected to enhance performance by 40% over previous models, set to be released in Q4 2022[2]. - The company is focusing on expanding its market presence in key industries such as public utilities, industrial applications, and automotive electronics[25]. - The company is actively developing a new generation of billion-gate FPGA products, which are expected to significantly outperform previous models[26]. - The smart meter MCU product line is set to launch multiple high-reliability, high-performance industrial-grade and automotive-grade MCU products based on a 12-inch process platform in the second half of 2022[25]. Research and Development - The management has emphasized the importance of innovation, allocating 15% of total revenue to R&D for continuous improvement and technology advancement[2]. - Research and development investment for the year was approximately 399 million yuan, an increase of 22.17% compared to the previous year[19]. - The R&D investment as a percentage of operating revenue was 23.42%, down 5.49 percentage points from 28.91% in the previous year[18]. - The company has filed 22 invention patents during the reporting period and holds a total of 224 invention patents, indicating a strong focus on innovation and technology development[27]. - The company has successfully reduced operational costs by 10% through efficiency improvements and process optimization[2]. Financial Position and Assets - The company's total assets at the end of the reporting period were ¥497,672.06 million, a 19.49% increase from ¥416,501.42 million at the end of the previous year[17]. - The net assets attributable to shareholders increased to ¥369,319.33 million, up 17.61% from ¥314,024.57 million at the end of the previous year[17]. - The company's inventory at the end of the reporting period was valued at approximately 1.09 billion RMB, representing 30.46% of total current assets[43]. - The company's total liabilities reached CNY 1,045,844,600.02, up from CNY 798,111,636.69, reflecting an increase of approximately 31.0%[105]. Risks and Challenges - The company has identified potential risks, including supply chain disruptions, which could impact production timelines and costs[4]. - The company maintained a strong market position in high-reliability application areas, despite facing challenges from market downturns[40]. Shareholder and Regulatory Information - The company held its 2021 Annual General Meeting on June 2, 2022, where all resolutions were passed, including the approval of the 2021 financial statements and profit distribution plan[55]. - The company did not distribute profits or increase capital reserves for the year, indicating no dividends or stock bonuses were issued[57]. - The company has confirmed that there are no significant undisclosed facts or fabricated content in its prospectus and other disclosure documents[65]. - The company is committed to adhering to the relevant regulations and guidelines set by the China Securities Regulatory Commission regarding shareholding commitments[66]. Cash Flow and Financing Activities - The net cash flow from operating activities improved by 39.61% to ¥329,107,161.67, driven by higher revenue and improved receivables management[46]. - The company reported cash outflow from investing activities of CNY 345,443,590.67, slightly down from CNY 351,048,400.37 in the first half of 2021[118]. - The company’s cash and cash equivalents at the end of the period totaled CNY 512,425,150.25, compared to CNY 207,877,966.90 at the end of the first half of 2021[119]. Compliance and Governance - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties[75]. - The company has not faced any violations or penalties during the reporting period[76]. - The company has established a cautious plan for stock reduction post-lock-up, in compliance with regulatory requirements[66].