Financial Performance - The company achieved operating revenue of approximately RMB 775.80 million, representing a year-on-year increase of 54.54%[4] - Net profit attributable to shareholders reached approximately RMB 232.93 million, a significant increase of 169.62% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 226.27 million, reflecting a year-on-year growth of 217.81%[4] - Operating profit for Q1 2022 was RMB 240.25 million, compared to RMB 96.57 million in Q1 2021, reflecting a significant growth[24] - The company reported a total comprehensive income of RMB 237.97 million for Q1 2022, significantly higher than RMB 94.24 million in the same quarter last year[25] - Basic earnings per share for Q1 2022 were RMB 0.29, compared to RMB 0.12 in Q1 2021[25] Cash Flow and Liquidity - The company's cash flow from operating activities amounted to RMB 178.01 million, an increase of 324.40% year-on-year[5] - Cash flow from operating activities generated RMB 178.01 million, compared to RMB 41.94 million in Q1 2021, indicating improved cash generation[26] - Cash flow from investing activities showed a net outflow of RMB 75.86 million, compared to a net outflow of RMB 62.86 million in Q1 2021[26] - Net cash flow from financing activities amounted to 17,478,430.17, a significant decrease from 45,672,164.36 in the previous period[27] - Cash and cash equivalents increased by 118,922,930.35, compared to an increase of 24,889,916.79 in the prior period[27] - The ending balance of cash and cash equivalents reached 534,678,236.90, up from 304,259,283.88 in the previous year[27] Research and Development - Research and development expenses totaled RMB 198.61 million, accounting for 25.60% of operating revenue, with a year-on-year increase of 51.28%[5] - Research and development expenses increased to RMB 168.65 million, up 37.9% from RMB 122.40 million in the previous year[24] Assets and Liabilities - The total assets of the company at the end of the reporting period were RMB 465.37 million, an increase of 11.73% from the end of the previous year[6] - Total liabilities amounted to RMB 1,011.87 million, an increase from RMB 798.11 million year-over-year[23] - The equity attributable to shareholders increased to RMB 340.99 million, reflecting an 8.59% increase compared to the previous year[6] - Total equity attributable to shareholders of the parent company was RMB 3,409.91 million, up from RMB 3,140.25 million in the previous year[23] Inventory and Receivables - Inventory increased to RMB 1,013,208,945.33 from RMB 916,083,064.72, reflecting a growth of approximately 10.6%[20] - Accounts receivable rose to RMB 567,079,410.91, compared to RMB 451,703,130.78, indicating a growth of about 25.5%[19] Operational Outlook and Risks - The company is currently facing short-term operational impacts due to pandemic control measures, but maintains a stable medium to long-term operational outlook[17] - The company has identified potential risks in its annual report, which can be reviewed for further insights[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,821, with 13,811 being A-share holders[11] - The company plans to release 4,260,872 shares from its initial public offering on February 7, enhancing liquidity[17] Profitability Metrics - The comprehensive product gross margin improved from 51.13% to 63.59% due to an increase in the proportion of high-margin products and price increases[6]

Financial Performance - The company achieved operating revenue of approximately 775.80 million RMB, representing a year-on-year increase of 54.54%[4] - Net profit attributable to shareholders reached approximately 232.93 million RMB, a significant increase of 169.62% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately 226.27 million RMB, up 217.81% year-on-year[4] - The net cash flow from operating activities was approximately 178.01 million RMB, reflecting a substantial increase of 324.40%[4] - Basic earnings per share were 0.29 RMB, an increase of 141.67% year-on-year[5] - Total operating revenue for Q1 2022 reached ¥775,796,660.96, a significant increase of 54.5% compared to ¥502,011,131.75 in Q1 2021[18] - Net profit for Q1 2022 was ¥238,180,764.62, compared to ¥94,244,370.95 in Q1 2021, representing a year-over-year growth of 152.3%[20] - The total comprehensive income for Q1 2022 was CNY 237,967,045.53, compared to CNY 94,244,370.95 in Q1 2021, representing an increase of approximately 152.5%[21] - The net profit attributable to the parent company for Q1 2022 was CNY 232,713,680.04, up from CNY 86,391,331.19 in Q1 2021, indicating a growth of about 169.5%[21] - Basic earnings per share for Q1 2022 was CNY 0.29, compared to CNY 0.12 in Q1 2021, reflecting an increase of 141.7%[21] Research and Development - The company invested approximately 198.61 million RMB in R&D, which accounted for 25.60% of operating revenue, a decrease of 0.55 percentage points from the previous year[5] - R&D expenses in Q1 2022 amounted to ¥168,652,941.66, which is a 37.9% increase from ¥122,398,431.50 in Q1 2021[20] Assets and Liabilities - The total assets at the end of the reporting period were approximately 4.65 billion RMB, an increase of 11.73% compared to the end of the previous year[5] - The total assets as of Q1 2022 were ¥4,653,692,697.88, an increase from ¥4,165,014,183.19 in the previous year[18] - The total current assets amount to 3,297,163,699.27 RMB, compared to 3,041,662,776.16 RMB at the end of 2021, showing a growth of approximately 8.4%[16] - The total liabilities for Q1 2022 were ¥1,011,872,517.86, compared to ¥798,111,636.69 in Q1 2021, indicating a rise of 26.7%[18] - Non-current liabilities totaled ¥82,780,194.04 in Q1 2022, slightly down from ¥84,963,109.36 in Q1 2021[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,821[10] - The largest shareholder, Hong Kong Central Clearing Limited, holds 284,205,990 shares, representing 34.89% of total shares[10] - The top ten shareholders include several domestic and foreign entities, with significant stakes held by state-owned enterprises[11] Cash Flow - Cash flow from operating activities for Q1 2022 was CNY 178,013,726.61, significantly higher than CNY 41,944,266.47 in Q1 2021, marking an increase of approximately 323.5%[22] - Cash inflow from operating activities totaled CNY 906,389,290.68 in Q1 2022, compared to CNY 612,601,349.57 in Q1 2021, representing a rise of about 47.9%[22] - Cash outflow from operating activities was CNY 728,375,564.07 in Q1 2022, compared to CNY 570,657,083.10 in Q1 2021, an increase of approximately 27.7%[22] - The ending cash and cash equivalents balance as of Q1 2022 was CNY 534,678,236.90, compared to CNY 304,259,283.88 at the end of Q1 2021, reflecting an increase of approximately 75.5%[23] Operational Outlook - The company is facing potential short-term operational impacts due to pandemic control measures, but maintains a stable long-term operational outlook[14] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[19] - The company has identified risks related to its operations in the annual report, which may affect future performance[14] Production and Supply Chain - The company’s diverse supply chain layout ensured production capacity and supported revenue growth in the integrated circuit sector[5] - The increase in net profit was primarily driven by higher operating revenue and improved gross margins due to product structure optimization[9]

Financial Performance - The company's operating revenue for 2021 was CNY 257,726.23 million, representing a 52.42% increase compared to CNY 169,089.68 million in 2020 [21]. - The net profit attributable to shareholders of the listed company reached CNY 51,446.68 million, a significant increase of 287.20% from CNY 13,286.79 million in the previous year [21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 44,420.31 million, reflecting a 1,013.88% increase from CNY 3,987.90 million in 2020 [21]. - The net cash flow from operating activities was CNY 60,220.49 million, up 174.16% from CNY 21,965.27 million in 2020 [21]. - The total assets at the end of 2021 were CNY 416,501.42 million, a 55.49% increase from CNY 267,860.30 million at the end of 2020 [21]. - The net assets attributable to shareholders of the listed company increased to CNY 314,024.57 million, a 62.69% rise from CNY 193,025.24 million in 2020 [21]. - The company achieved operating revenue of approximately 2.577 billion yuan, an increase of 52.42% compared to the previous year [22]. - The net profit attributable to shareholders was approximately 514 million yuan, representing a year-on-year increase of 287.20% [22]. - The basic earnings per share were 0.69 yuan, a significant increase of 263.16% compared to the previous year [22]. - The weighted average return on equity rose to 20.77%, an increase of 13.62 percentage points from the previous year [22]. Research and Development - The company is focusing on the development of new technologies and products, including NFC, MCU, and FPGA solutions [12]. - The company maintained a strong R&D investment of approximately 749 million yuan, an increase of 41.46% year-on-year [23]. - Research and development investment accounted for 29.06% of operating revenue, a decrease of 2.25 percentage points from the previous year [22]. - The company invested approximately 749 million CNY in R&D during the reporting period, accounting for 29.06% of total revenue [33]. - The company applied for 47 invention patents and obtained 31 during the reporting period, enhancing its intellectual property portfolio to a total of 210 invention patents [58][59]. - Total R&D investment increased by 41.46% year-on-year, reaching CNY 74,892.45 million, driven by higher personnel costs and increased focus on advanced process product development [60][61]. - The company is focusing on developing core technologies such as data encryption methods and temperature measurement methods, which are crucial for enhancing product security and performance [54][56]. Corporate Governance - The board of directors has confirmed the accuracy and completeness of the annual report, with no significant omissions or misleading statements [2]. - The company has not violated decision-making procedures for external guarantees [7]. - The company has not faced any issues with more than half of the directors being unable to guarantee the authenticity of the annual report [7]. - The company does not have any special arrangements for corporate governance [7]. - The governance practices comply with the requirements of the Company Law and the Securities Law, ensuring no significant discrepancies with regulatory standards [116]. - The company has established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and senior management to ensure clear responsibilities and effective operations [115]. - The company has established a category shareholders' meeting system to protect the interests of shareholders in different markets [115]. Market Expansion and Strategy - The company plans to expand its market presence and explore potential mergers and acquisitions to enhance growth opportunities [12]. - The company is actively developing new products in the fields of white goods, motor drives, and IoT, with successful AEC-Q100 certification for its LG series MCU [32]. - The company is focusing on innovations in NFC and RFID technologies to meet the growing demand for accurate identification and security in the context of IoT [49]. - The company is exploring potential mergers and acquisitions to enhance its product offerings and market reach, targeting companies with complementary technologies [129]. - The company plans to maintain and enhance its market presence while exploring new customer segments and applications in emerging markets [113]. Environmental, Social, and Governance (ESG) - The company is committed to adhering to RoHS and REACH regulations to ensure compliance with environmental standards [13]. - The company has established an Environmental, Social, and Governance (ESG) Committee to oversee relevant matters [148]. - The company is committed to sustainability initiatives, with plans to reduce carbon emissions by 20% by 2025 [129]. - The company has not faced any administrative penalties for environmental issues during the reporting period [178]. - The company actively promotes ESG initiatives and has set up a dedicated committee to oversee environmental, social, and governance strategies [177]. Risks and Challenges - The company has disclosed potential risks in the "Management Discussion and Analysis" section, specifically in the "Risk Factors" subsection [3]. - The company faces risks related to new product development and talent retention, which could impact its competitive edge in the rapidly evolving semiconductor industry [71]. - The company faced risks related to high supplier concentration and cyclical fluctuations in capacity utilization, which could adversely affect production and profitability [73]. - The company reported an investment loss of approximately -271.36 million RMB, reflecting a significant increase in losses compared to the previous year [82]. Shareholder and Management Compensation - Total pre-tax compensation for CEO Shi Lei was 369.11 million CNY [124]. - The total pre-tax compensation for Vice President Yu Jun was 269.68 million CNY [124]. - The total pre-tax compensation for Chief Engineer Cheng Junxia was 130.82 million CNY [124]. - The total pre-tax compensation for Vice President Diao Linshan was 164.42 million CNY [124]. - The total pre-tax compensation for CFO Fang Jing was 105.59 million CNY [124]. - Total remuneration for all directors, supervisors, and senior management amounted to RMB 13.28 million [137]. Financial Management - The company reported a net cash outflow from investment activities of 1,182.80 million RMB, a significant increase of 470.49% compared to the previous year [99]. - The company's cash and cash equivalents at the end of the period amounted to 801.65 million RMB, a 81.90% increase compared to the previous period [100]. - The company has established long-term partnerships with major wafer manufacturers and packaging testing firms, but still faces supply chain risks under the Fabless model [74]. - The company reported a contract liability of RMB 12,627.48 million, an increase attributed to strong downstream market demand and increased customer prepayments [101]. Product Development and Innovation - The company is enhancing its product value by building an intelligent computing platform based on FPGA products, exploring new application areas [33]. - The company has established a comprehensive product line in security and identification chips, including RFID, smart cards, and security chips, making it one of the most complete suppliers in China [34]. - The company is focusing on new applications in software and system security, IoT security, and AI security, leveraging its expertise in chip safety [33]. - The company is transitioning its FPGA products from 28nm process technology to 16nm and is developing next-generation FPGA products on a 7nm process [45]. Employee and Workforce Management - The company has a total of 830 R&D personnel, accounting for 54.21% of the total workforce, with an average salary of RMB 52.89 thousand per person [67]. - The R&D personnel's total compensation increased to RMB 43.90 million from RMB 34.46 million in the previous period, reflecting a focus on talent retention [67]. - The company has established a comprehensive performance evaluation system for employees, which influences salary adjustments based on performance [162].

Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year growth of 25%[1]. - The company achieved operating revenue of approximately CNY 1,128.66 million, representing a year-on-year increase of 56.05%[17]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2021, representing a year-over-year growth of 25%[95]. - The company reported a total operating revenue for the first half of 2021 reached ¥1,128,663,994.43, a significant increase of 56.2% compared to ¥723,273,949.38 in the same period of 2020[121]. - The total revenue from sales of goods and services was CNY 1,291,822,753.85, compared to CNY 779,454,059.91 in the same period last year, marking an increase of approximately 65.5%[129]. Profitability - Net profit attributable to shareholders was approximately CNY 194.34 million, a significant increase of 221.16% compared to the same period last year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 161.73 million, reflecting a year-on-year growth of 670.90%[17]. - The company reported a net profit for the first half of 2021 was ¥211,692,544.12, up from ¥68,603,503.75 in the previous year, representing a growth of 208.5%[122]. - The company reported a total comprehensive income of CNY 172,600,793.93 for the first half of 2021, compared to CNY 51,321,099.05 in the previous year, showing a growth of around 236%[126]. Research and Development - Investment in R&D increased by 20% year-on-year, focusing on high-reliability integrated circuit products and advanced semiconductor technologies[1]. - The total R&D investment reached CNY 32,627.91 million, an increase of 48.39% compared to the previous period, with capitalized R&D investment rising by 65.91% to CNY 5,511.17 million[36]. - The company has increased its R&D personnel to 856, representing 55.84% of the total workforce, with an average salary of 24.26 million for R&D staff[45]. - The company’s R&D expenditure accounted for 28.91% of operating revenue, a decrease of 1.49 percentage points compared to the previous year[18]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[1]. - The company plans to expand its market presence by entering three new regions by the end of 2021, targeting a market share increase of 10% in these areas[99]. - The company is actively pursuing market expansion with new product lines, including high-security, low-power chips for IoT applications[39]. Product Development - The company has launched two new products in the IoT sector, projected to contribute an additional 200 million RMB in revenue by year-end[1]. - New product development includes the launch of two innovative technologies aimed at enhancing user experience, with an expected market introduction by Q4 2021[98]. - The company has developed a comprehensive product line including RFID chips, non-volatile memory, smart meter chips, and FPGA chips, catering to various industries[25][26][27]. Financial Position - The company's total assets at the end of the reporting period were approximately CNY 3,038.43 million, an increase of 13.43% compared to the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were approximately CNY 2,125.00 million, reflecting a year-on-year increase of 10.09%[17]. - The company’s total current assets amounted to CNY 2,040,215,813.33, an increase from CNY 1,866,494,819.14 as of December 31, 2020, representing a growth of approximately 9.3%[114]. Cash Flow - The net cash flow from operating activities was approximately CNY 235.73 million, up 225.86% year-on-year[17]. - The net cash flow from operating activities increased to ¥208,091,192.66, up from ¥54,426,777.95 in the previous period, representing a significant growth of approximately 282%[131]. - The company’s cash flow from financing activities was CNY 42,477,890.77, a turnaround from a cash outflow of CNY -15,638.15 in the same period last year, reflecting improved financing conditions[130]. Shareholder Information - The total number of ordinary shares increased from 694,502,000 to 814,502,000 after the issuance of approximately 120,000,000 shares on August 4, 2021[105]. - The largest shareholder, HKSCC NOMINEES LIMITED, holds 284,205,990 shares, representing 40.92% of total shares[109]. - The company has a total of 44 depositary receipt holders[106]. Compliance and Governance - The company has committed to a profit distribution policy, ensuring that at least 30% of net profits will be distributed as dividends starting from the next fiscal year[101]. - There are no significant legal disputes or arbitration matters reported during the period, ensuring a stable operational environment[100]. - The company has established specific guidelines for share management to ensure compliance with legal and regulatory requirements[85]. Risks and Challenges - The company faced risks related to supply chain disruptions due to the ongoing impact of COVID-19, which could affect supply capacity and customer demand[52]. - The company is at a competitive disadvantage compared to international giants like NXP and STMicroelectronics, which may hinder its business expansion speed[52]. - The company is facing intense competition in the semiconductor industry, which may lead to a decline in overall profit margins if effective measures are not taken to enhance product competitiveness[53].

Financial Performance - The company reported a total revenue of 1.5 billion RMB for the first half of 2021, representing a year-on-year increase of 20%[1]. - The company has set a revenue guidance of 3 billion RMB for the full year 2021, indicating a projected growth of 25% compared to 2020[1]. - The company achieved operating revenue of approximately CNY 1,128.66 million, a year-on-year increase of 56.05%[17]. - Net profit attributable to shareholders reached approximately CNY 194.34 million, up 221.16% compared to the same period last year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 161.73 million, an increase of 670.90% year-on-year[17]. - The net cash flow from operating activities was approximately CNY 235.73 million, reflecting a year-on-year growth of 225.86%[17]. - The company reported a total of CNY 12,118,329.93 in other receivables, up from CNY 11,752,036.80, showing a growth of about 3.1%[114]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2021, representing a 25% year-over-year growth[88]. - The company achieved a revenue of 217,367.10 million with a net profit of 143,747.62 million for the first half of 2021, reflecting a strong performance in various product segments[44]. Research and Development - Research and development expenses increased by 30% to 300 million RMB, focusing on advanced semiconductor technologies[1]. - The company's R&D investment accounted for 28.91% of operating revenue, a decrease of 1.49 percentage points year-on-year[18]. - The total R&D investment reached CNY 32,627.91 million, an increase of 48.39% compared to the previous period, with capitalized R&D investment rising by 65.91%[36]. - The company has increased its R&D personnel to 856, representing 55.84% of the total workforce, with an average salary of 24.26 million for R&D staff[45]. - The company applied for 23 invention patents during the reporting period and obtained 14, bringing the total number of invention patents to 192[35]. - The company is developing a low-cost security tag chip with built-in lightweight algorithms for offline authentication, which is currently in the R&D phase[39]. - The company’s R&D team has developed a complete solution integrating various chip products, providing one-stop services to customers[31]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[1]. - The company is expanding its market presence, targeting an increase in market share by 10% in the Asia-Pacific region by the end of 2021[94]. - New product launches include a next-generation microcontroller, expected to contribute an additional 200 million RMB in revenue by Q4 2021[1]. - A new strategic partnership with a leading tech firm is expected to enhance product offerings and drive innovation[1]. - The company is considering strategic acquisitions to enhance its market position, with a focus on tech startups[88]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which may impact future performance[1]. - The competitive landscape in the semiconductor industry is intensifying, posing risks to profit margins and pricing power[53]. - The company faced risks related to the semiconductor supply chain due to potential COVID-19 outbreaks, which could impact supply capabilities and customer demand[52]. - The company is reliant on government subsidies for its operations, and any changes in supportive policies could adversely affect its financial performance[55]. - The company is at risk of losing core talent due to intense competition for skilled personnel in the rapidly evolving semiconductor design industry[53]. Shareholder and Equity Information - The company completed its IPO on the Shanghai Stock Exchange's Sci-Tech Innovation Board, issuing 120 million shares at a price of RMB 6.23 per share, raising net proceeds of approximately RMB 680.28 million[50]. - The lock-up period for shares will automatically extend by 6 months if the stock price falls below the IPO price for 20 consecutive trading days within 6 months post-IPO[92]. - The company has committed to maintaining a minimum share price for any stock reductions post-lockup period[88]. - The company has established specific guidelines for share management and transfer to ensure compliance with regulatory requirements[84]. - The company has a registered capital of CNY 69,450,200.00 and a total of 69,450.20 million shares outstanding[145]. Financial Position and Assets - The company's total assets at the end of the reporting period were approximately CNY 3,038.43 million, a 13.43% increase from the end of the previous year[17]. - Cash and cash equivalents decreased by 10.34% to CNY 395,112,863.82, accounting for 13% of total assets[60]. - Accounts receivable increased by 11.66% to CNY 490,723,348.31, representing 16.15% of total assets[60]. - Inventory rose by 22.17% to CNY 745,988,025.87, making up 24.55% of total assets[60]. - The company reported a significant increase in asset impairment losses, which rose by 706.93% to -¥15,358,562.81, compared to -¥1,903,339.91 in the previous year[58]. Compliance and Governance - The company has established a comprehensive quality management system and has been certified by ISO9001, enhancing its market recognition and competitiveness[48]. - The company has not reported any significant changes in its environmental protection status or responsibilities[71]. - The company has not engaged in any mergers or acquisitions during the reporting period[70]. - The company has not disclosed any additional necessary information as required by securities regulatory authorities[104]. - The financial statements have been prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[147].