Financial Performance - The company achieved a net profit attributable to the parent company of ¥729,298,230.93 in 2021, with a net profit of ¥488,122,937.88 for the parent company[6]. - The total distributable profit for 2021 was ¥1,314,079,670.38, with a cash dividend of ¥2.00 per 10 shares, amounting to a total cash dividend distribution of ¥142,563,062.80[6]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY, representing a year-over-year growth of 15%[18]. - The company's operating revenue for 2021 reached ¥2,024,334,631.48, representing a 51.95% increase compared to ¥1,332,205,745.67 in 2020[25]. - Net profit attributable to shareholders was ¥729,298,230.93 in 2021, up 38.12% from ¥528,009,110.42 in 2020[25]. - The net profit after deducting non-recurring gains and losses increased by 124.31% to ¥397,733,469.62 in 2021 from ¥177,315,819.32 in 2020[25]. - The net cash flow from operating activities surged by 410.74% to ¥385,343,475.48 in 2021, compared to ¥75,447,595.29 in 2020[25]. - The total assets at the end of 2021 were ¥4,660,263,139.69, a 20.12% increase from ¥3,879,531,502.30 at the end of 2020[27]. - The company's integrated circuit products achieved a sales revenue of approximately 1.42 billion CNY in 2021, with over 50% coming from the industrial market[36]. - The company reported a total of ¥331,564,761.31 in non-recurring gains for 2021, compared to ¥350,693,291.10 in 2020[31]. Strategic Initiatives - The company plans to retain the remaining profits for future distribution, ensuring sustainable growth and investor returns[6]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[18]. - New product launches are expected to contribute an additional 200 million CNY in revenue, with a focus on innovative technologies[18]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of the next fiscal year[18]. - A strategic acquisition of a smaller tech firm was completed, expected to enhance the company's product offerings and increase market competitiveness[18]. - The board has approved a new strategy focusing on sustainability, aiming to reduce carbon emissions by 40% by 2025[18]. - The company plans to enhance its supply chain efficiency, aiming for a 15% reduction in operational costs over the next year[18]. Research and Development - Research and development expenses increased by 30%, reflecting the company's commitment to innovation and new technology development[18]. - The company has accelerated the development of automotive electronic products, completing the R&D of two automotive chips during the reporting period[37]. - The company has increased its investment in new product development, particularly in power management products, and has launched several automotive-grade power management products that are expected to achieve sales in 2022[37]. - The company is actively developing new products in the signal chain sector, including high-speed and high-precision ADC/DAC products, which have received positive feedback from customers[39]. - The company has made significant progress in the development of EEPROM products, with the first automotive-grade EEPROM passing AEC-Q100 certification[39]. Market Trends and Challenges - The global semiconductor market saw a 33.1% increase in analog circuits in 2021, with the domestic integrated circuit industry sales reaching CNY 1,045.83 billion, a year-on-year growth of 18.2%[44]. - The power device business is expected to see sustained demand due to the growth of electric vehicles and smart city developments, with a significant supply shortage anticipated in the next 1-2 years[78]. - The demand for ADC/DAC chips is projected to increase significantly due to the 5G communication technology, with total investment in 5G base stations estimated at CNY 1.13 trillion[78]. - The company faces significant challenges in maintaining growth in its power management product business due to global semiconductor supply chain issues and rising raw material costs[98]. - The company is facing challenges in the industrial control and automotive electronics sectors due to strict lifecycle safety management requirements for chip products[96]. Corporate Governance - The board of directors confirmed the accuracy and completeness of the financial report, with no significant omissions or misleading statements[3]. - The company received a standard unqualified audit report from Zhongshun Zhonghuan Accounting Firm[5]. - The company has not faced any major changes in competitive conditions that would impact its operations significantly[103]. - The company’s governance structure includes a remuneration committee that assesses and approves the remuneration of senior management[123]. - The company has not reported any significant differences in governance compared to regulatory requirements, ensuring compliance[103]. Environmental and Social Responsibility - The company has passed the ISO 14001 environmental management system certification, establishing an effective environmental management system[158]. - The company has actively contributed to rural revitalization by allocating RMB 300,000 in special funds and organizing consumption assistance activities amounting to RMB 32,000[159]. - The company has implemented a dry and wet waste classification system for household garbage, signing a contract with sanitation companies for unified transportation[158]. - The company has ensured compliance with local environmental standards through comprehensive treatment and regular monitoring of wastewater, noise, and oil fume[158]. Employee and Management Changes - The company has a total of 495 employees, with 283 in R&D and technical roles, highlighting a strong focus on innovation and development[141]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 10.143 million yuan (including tax)[125]. - The company experienced significant changes in its board, with multiple directors resigning due to work reasons, including the chairman and several independent directors[125]. - The company has implemented a salary policy that links employee performance to compensation, aiming to attract and retain talent[142]. Related Party Transactions - The company engaged in related party transactions, with procurement from Shanghai Jita Semiconductor Co., Ltd. amounting to approximately 82.29 million RMB in the current period, compared to 15.12 million RMB in the previous period[181]. - The procurement from Shanghai Advanced Semiconductor Manufacturing Co., Ltd. was approximately 56.72 million RMB in the current period, up from 41.68 million RMB in the previous period[181]. - The total amount of related transactions with Chengdu Huayi Electronics Technology Co., Ltd. for integrated circuit development was 528,301.88, down 33.4% from the previous year[183].

Financial Performance - The company's operating revenue for Q3 2021 was ¥494,800,790.11, representing a year-over-year increase of 40.47%[7] - The net profit attributable to shareholders for the same period was ¥114,899,720.91, reflecting a significant increase of 155.36% compared to the previous year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses reached ¥109,764,834.43, up by 180.64% year-over-year[7] - The basic earnings per share for Q3 2021 was ¥0.16, an increase of 161.72% from the same period last year[8] - Total operating revenue for the first three quarters of 2021 reached CNY 1,514,297,076.75, a significant increase from CNY 896,900,616.86 in the same period of 2020, representing a growth of approximately 68.9%[27] - Net profit for the third quarter of 2021 was CNY 513,630,721.21, compared to CNY 146,710,101.17 in the previous year, indicating a year-over-year increase of about 249.5%[29] - Total comprehensive income attributable to the parent company reached ¥507,286,731.39, a significant increase from ¥134,740,776.82 in the same period last year, reflecting a growth of approximately 276%[31] - Basic and diluted earnings per share were both ¥0.72, compared to ¥0.19 in the previous year, indicating a substantial increase of 278%[31] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,474,819,371.37, marking a 15.34% increase from the end of the previous year[8] - As of September 30, 2021, total assets reached approximately ¥4.47 billion, an increase from ¥3.88 billion at the end of 2020, reflecting a growth of about 15%[22] - The company's total liabilities amounted to CNY 671,623,336.79, up from CNY 551,563,602.10, reflecting an increase of approximately 21.8%[26] - The total equity attributable to shareholders reached CNY 3,760,766,704.85, compared to CNY 3,291,856,080.80 in the previous year, marking an increase of about 14.2%[26] - The company's inventory increased to ¥337.83 million from ¥302.17 million, marking an increase of about 12%[24] - The total liabilities were not explicitly stated, but current liabilities included accounts payable of ¥193.74 million, up from ¥159.85 million, indicating an increase of approximately 21%[24] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥340,018,203.93, showing a substantial increase of 666.68% year-over-year[7] - Cash inflow from operating activities totaled ¥1,407,511,695.89, compared to ¥799,353,962.16 in the previous year, marking an increase of approximately 76%[33] - Cash outflow from operating activities was ¥1,067,493,491.96, up from ¥755,004,486.44, which is an increase of about 42%[33] - Net cash flow from investing activities was negative at ¥39,140,233.46, an improvement from a loss of ¥116,662,287.24 in the same period last year[34] - Net cash flow from financing activities was negative at ¥41,290,121.80, compared to a loss of ¥77,353,547.60 in the previous year, indicating a reduction in outflows[34] Research and Development - Research and development expenses increased to ¥37.34 million, driven by higher R&D investments and stock-based compensation expenses[13] - Research and development expenses for the first three quarters of 2021 were CNY 107,994,609.42, up from CNY 78,630,484.11, which is an increase of approximately 37.5%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 112,487, indicating a stable shareholder base[14] Other Information - The company has not disclosed any new product launches or technological advancements in this report[22] - There are no indications of market expansion or mergers and acquisitions mentioned in the report[22]

Financial Performance - The company's operating revenue for the first half of 2021 reached CNY 1,019,496,286.64, representing an increase of 87.19% compared to the same period last year[27]. - Net profit attributable to shareholders was CNY 392,387,010.48, a significant increase of 337.22% year-on-year[27]. - The net cash flow from operating activities was CNY 200,499,066.70, showing a remarkable increase of 791.53% compared to the previous year[27]. - Basic earnings per share for the first half of 2021 was CNY 0.56, up 335.16% from CNY 0.13 in the same period last year[27]. - The company's total assets increased by 11.56% to CNY 4,328,115,697.71 compared to the end of the previous year[27]. - The net assets attributable to shareholders increased by 9.76% to CNY 3,613,135,073.57 compared to the end of the previous year[27]. - The weighted average return on equity rose to 11.37%, an increase of 8.43 percentage points year-on-year[27]. - The company reported a total of CNY 193,018,084.86 in non-recurring gains and losses for the reporting period[29]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring collective responsibility for the report's accuracy[4]. - There were no significant risks or non-operational fund occupation by controlling shareholders and related parties reported[8]. - The company has not encountered any violations of decision-making procedures regarding external guarantees[8]. - The report does not indicate any instances where more than half of the directors could not guarantee the report's authenticity[8]. - The company has not disclosed any major events or changes in shareholder structure during the reporting period[10]. - There were no significant lawsuits or arbitration matters during the reporting period[118]. - The company confirmed no violations or penalties involving its directors, supervisors, senior management, controlling shareholders, or actual controllers[120]. Research and Development - The company has filed a total of 704 patents, with 365 valid authorized patents, including 261 invention patents[43]. - The company’s R&D team constitutes 49% of its total workforce, emphasizing talent development and retention strategies[42]. - Research and development expenses rose by 32.94% to ¥65,046,190.14, compared to ¥48,929,664.30, reflecting increased investment in R&D and rising labor costs[59]. - The company is focusing on R&D for high-precision ADC/DAC products, achieving significant sales growth in the power protection market[57]. Market and Industry Trends - The global semiconductor market sales reached $253.1 billion in the first half of 2021, a year-on-year increase of 21.4%[34]. - China's integrated circuit industry sales amounted to 410.29 billion yuan in the first half of 2021, growing by 15.9% year-on-year, with the design sector increasing by 18.5%[34]. - The semiconductor market is projected to grow by 19.7% in 2021, reaching a market size of $527 billion, with memory contributing the most to growth[36]. - The semiconductor industry faces capacity constraints, impacting the performance of Fabless companies[71]. Environmental and Social Responsibility - The report includes a section on environmental and social responsibility, although specific metrics or initiatives were not detailed in the extracted content[10]. - The company emphasizes energy conservation and sustainable development, maintaining a focus on environmental health without manufacturing operations[93]. - The company has engaged a third-party wastewater treatment agency for sewage management and follows waste classification regulations[94]. - The company organized energy-saving campaigns and distributed initiatives to promote low-carbon living among employees[95]. - The company donated RMB 300,000 for rural revitalization efforts during the reporting period[96]. - The company aims to consolidate its contributions to poverty alleviation and actively fulfill its social responsibilities[96]. Shareholder and Capital Structure - The total number of shares increased from 704,121,614 to 712,815,314, reflecting a change in the share structure[136]. - The largest shareholder, Huada Semiconductor Co., Ltd., held 178,200,000 shares, representing 25.00% of the total shares[143]. - The company has 59,696,258 shares pledged by Huada Semiconductor Co., Ltd.[143]. - The total number of common shareholders reached 121,810 by the end of the reporting period[142]. - The company reported a profit distribution of -77,432,843.41, indicating a significant reduction in retained earnings[184]. Financial Position and Cash Flow - The company's cash and cash equivalents increased by 134.84% to ¥1,157,157,630.03, up from ¥492,752,901.89, mainly due to the reclassification of short-term deposits[62]. - The total current assets increased to ¥2,796,708,001.92 from ¥1,810,545,112.88, representing a growth of approximately 54.5% year-over-year[156]. - The total assets of the company reached ¥4,328,115,697.71, up from ¥3,879,531,502.30, indicating a growth of approximately 11.6%[158]. - The company's total liabilities increased to ¥674,839,004.64 from ¥551,563,602.10, reflecting a rise of about 22.3%[158]. - The net cash flow from operating activities surged by 791.53% to ¥200,499,066.70, up from ¥22,489,318.49, attributed to improved collection of receivables[59]. Strategic Initiatives - The company is actively expanding into the IoT metering market, with significant growth in energy monitoring chips for smart homes and electric vehicle charging stations[50]. - The company has successfully developed a new AC-DC product for the PD power market, with an output power exceeding 60W[47]. - The company plans to enhance innovation in the industrial control sector through mergers and acquisitions and independent research and development[72]. - The company is focused on optimizing product structure and establishing long-term partnerships with suppliers to mitigate production risks[78].

Financial Performance - Operating revenue surged by 82.45% to CNY 429,247,549.73 year-on-year[11] - Net profit attributable to shareholders increased by 225.97% to CNY 139,222,869.49 compared to the same period last year[11] - Basic earnings per share rose by 233.33% to CNY 0.20 per share[11] - The weighted average return on net assets increased by 2.75 percentage points to 4.14%[11] - The company reported a total comprehensive income of 140,643,943.25 for Q1 2021, compared to 43,519,920.67 in Q1 2020, showing a substantial increase[35] - Net profit for Q1 2021 reached 140,643,943.25, up from 43,519,920.67 in Q1 2020, representing a growth of 223.5%[35] - Operating profit for Q1 2021 was 160,070,654.77, compared to 46,948,584.51 in Q1 2020, indicating a significant increase[34] - Total operating revenue for Q1 2021 was 429,247,549.73, an increase of 82.4% compared to 235,271,919.04 in Q1 2020[34] Assets and Liabilities - Total assets increased by 4.47% to CNY 4,052,757,512.54 compared to the end of the previous year[11] - Current assets totaled approximately 1.95 billion as of March 31, 2021, compared to 1.81 billion at the end of 2020, reflecting an increase of about 7.3%[24] - Total liabilities as of March 31, 2021, were approximately 580.73 million, up from 551.56 million, which is an increase of about 5.3%[25] - Shareholders' equity increased to approximately 3.47 billion from 3.33 billion, reflecting a growth of about 4.2%[25] - Non-current assets totaled approximately 2.11 billion as of March 31, 2021, compared to 2.07 billion at the end of 2020, representing an increase of about 6.5%[24] - Total liabilities amount to ¥551,563,602.10, a decrease of ¥34,828,614.15 compared to the previous period[55] - Total assets are reported at ¥3,879,531,502.30, reflecting a decrease of ¥34,828,614.15[55] Cash Flow - Net cash flow from operating activities decreased by 67.28% to CNY 5,279,844.97 compared to the previous year[11] - The company's cash flow from operating activities increased by 42.19%, totaling RMB 338,814,468.42 compared to RMB 238,286,466.59 in the previous year[17] - Cash flow from operating activities for Q1 2021 was ¥5,279,845, down from ¥16,137,684 in Q1 2020[44] - The company’s cash and cash equivalents decreased by 88.73% to RMB 33,000,000.00, mainly due to a reduction in wealth management products[18] - The ending balance of cash and cash equivalents as of Q1 2021 was $186,168,788.58, up from $399,497,915.58 at the end of Q1 2020[50] Shareholder Information - The total number of shareholders reached 89,816 by the end of the reporting period[14] - The largest shareholder, Huada Semiconductor Co., Ltd., holds 25.31% of the shares, with 59,696,258 shares pledged[14] Expenses and Investments - Research and development expenses for Q1 2021 totaled 30,742,894.92, up from 23,990,962.87 in Q1 2020, reflecting a 28.2% increase[34] - The company reported a significant increase in income tax expenses, which rose by 513.02% to RMB 19,026,640.86, attributed to higher overall profits[17] - The company’s employee compensation expenses increased by 30.09%, amounting to RMB 52,866,292.75, reflecting a rise in workforce costs[18] - The company’s investment income decreased by 82.95%, totaling RMB 374,964.85, primarily due to reduced bank wealth management returns[17] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[11] - The company expects stable growth in sales for Q2 2021, with a substantial increase in cumulative net profit compared to the same period last year, influenced by the fair value changes of Wuxi New Clean Energy Co., Ltd.[18] - The company reported a decrease in short-term borrowings, remaining stable at approximately 2.50 million[24] - The company has adopted the new leasing standards effective January 1, 2021, impacting the measurement of lease liabilities and right-of-use assets[55]

Financial Performance - The company achieved a net profit attributable to the parent company of ¥528,009,110.42 in 2020, with a net profit of ¥466,877,423.38 for the parent company[6]. - The total distributable profit for 2020 was ¥967,258,551.73, with a proposed cash dividend of ¥1.30 per share, amounting to a total distribution of approximately ¥91,535,809.82[6]. - The company's operating revenue for 2020 was ¥1,332,205,745.67, representing a 21.33% increase compared to ¥1,097,960,672.28 in 2019[30]. - The net profit attributable to shareholders for 2020 was ¥528,009,110.42, which is a 110.24% increase from ¥251,148,844.04 in 2019[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥177,315,819.32, up 34.01% from ¥132,311,106.77 in 2019[30]. - The gross profit for the year was CNY 38,547,800, with a year-on-year increase of 16.33%, driven primarily by the growth in the IC design business[69]. - The company's main business revenue from integrated circuit production and trade reached CNY 1,280,060,712.25, with a growth rate of 22.34%[71]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in 2020, representing a growth of 20% year-over-year[120]. Profit Distribution and Dividends - The company plans to retain the remaining profits for future distribution, ensuring long-term operational stability and growth[6]. - The company distributed cash dividends of 1.30 RMB per 10 shares, totaling approximately 91.54 million RMB, representing 17.34% of the net profit attributable to ordinary shareholders[116]. - The company has committed to maintaining a cash dividend policy of at least 30% of the average distributable profit over the past three years[114]. Audit and Compliance - The company received a standard unqualified audit report from Zhongchao Zhonghuan Accounting Firm, affirming the accuracy of the financial statements[5]. - The financial report has been confirmed as true, accurate, and complete by the responsible executives, enhancing stakeholder confidence[5]. - There were no non-operating fund occupations by controlling shareholders or related parties, indicating financial integrity[8]. - The company has not violated decision-making procedures for external guarantees, maintaining compliance with regulations[8]. Research and Development - The company has applied for a total of 700 patents, with 342 valid authorized patents, including 230 invention patents[51]. - The company’s technology center has 237 R&D personnel, accounting for 51% of the total workforce, emphasizing its commitment to talent development[51]. - The company maintained a focus on R&D, with R&D expenses amounting to CNY 115,674,233.91, a slight decrease of 2.26% from the previous year[69]. - The company is investing heavily in R&D, allocating 200 million for new technology development in 2021, which is a 30% increase from 2020[121]. Market and Industry Trends - The global semiconductor market is projected to grow by 5.1% in 2020, reaching $433 billion, despite the economic downturn caused by the COVID-19 pandemic[42]. - The semiconductor industry is experiencing a growth cycle, with semiconductor capital expenditures increasing, which is expected to drive revenue growth in the semiconductor sector[91]. - The demand for ADC/DAC chips in 5G communication is expected to increase several times compared to 4G, driven by significant investments from the three major domestic operators, estimated at approximately ¥1.13 trillion[91]. - The global smart grid market is expected to reach a market capacity of $61.3 billion by 2023, with a compound annual growth rate (CAGR) of 20.9%[89]. Strategic Initiatives - The company is focusing on new fields such as electric vehicle charging and green data centers, aligning with national strategic emerging industries[49]. - The company plans to enhance its product line and maintain stable revenue growth by understanding customer needs and upgrading product technology[104]. - The company aims to improve operational efficiency, targeting a 15% reduction in costs through process optimization initiatives[121]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million allocated for potential mergers and acquisitions in 2021[120]. Corporate Governance - The board of directors confirmed that all members attended the board meeting, ensuring accountability and governance[4]. - The company has committed to ensuring the authenticity, accuracy, and completeness of the information provided during the acquisition process, taking legal responsibility for any misleading statements or omissions[124]. - The company has maintained a strong governance structure with independent directors across its subsidiaries[199]. Challenges and Risks - The company faces challenges in its power management business due to tight upstream supply chain resources, impacting performance and profit targets[107]. - The high-speed, high-precision ADC business is experiencing growth driven by domestic demand, but faces uncertainties related to global trade relations and the demand trajectory from domestic manufacturers[110]. - The power device segment has seen initial market acceptance since 2020, but growth is hindered by ongoing wafer capacity shortages and rising raw material costs, prompting the company to increase R&D investment to enhance product competitiveness[110]. Social Responsibility - The company actively participated in poverty alleviation efforts, contributing a total of 377,000 CNY during the reporting period[158]. - The company plans to continue participating in targeted poverty alleviation programs in the upcoming years[160]. - The company is committed to sustainability, planning to reduce carbon emissions by 20% by 2025 through various green initiatives[120]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 93,200, an increase from 91,801 at the end of the previous month[176]. - The largest shareholder, Huada Semiconductor Co., Ltd., held 178,200,000 shares, representing 25.31% of the total shares[176]. - The company has no preferred shareholders with restored voting rights as of the reporting period[176].

Financial Performance - Net profit attributable to shareholders decreased by 23.81% to CNY 134,740,776.82 year-on-year[16] - Operating revenue increased by 13.74% to CNY 896,900,616.86 compared to the same period last year[16] - Basic earnings per share decreased by 23.90% to CNY 0.191 compared to the same period last year[16] - The weighted average return on net assets decreased by 1.49 percentage points to 4.51%[16] - Total operating revenue for Q3 2020 reached ¥352,237,435.35, an increase of 15.3% compared to ¥305,409,481.91 in Q3 2019[41] - Net profit for Q3 2020 was ¥47,464,260.01, up 34.5% from ¥35,255,543.70 in Q3 2019[43] - Basic earnings per share for Q3 2020 were ¥0.061, compared to ¥0.044 in Q3 2019, representing a growth of 38.6%[44] - The company reported a total profit of CNY 19.07 million for Q3 2020, significantly higher than CNY 2.13 million in Q3 2019[46] Assets and Liabilities - Total assets decreased by 6.65% to CNY 3,346,094,746.64 compared to the end of the previous year[16] - Current assets totaled approximately ¥2.20 billion, down 9.5% from ¥2.43 billion in the previous year[33] - Total liabilities reached approximately ¥428.76 million, an increase of 10.3% from ¥388.66 million[36] - Total assets as of Q3 2020 were ¥2,979,524,386.78, slightly up from ¥2,962,877,460.87 in Q3 2019[41] - Total liabilities increased to ¥319,965,171.38 in Q3 2020 from ¥268,469,575.28 in Q3 2019, reflecting a growth of 19.2%[41] - Total assets as of January 1, 2020, were CNY 3,584,362,108.66, unchanged from December 31, 2019[54] - Total liabilities amounted to ¥388,662,392.87, with current liabilities at ¥256,756,836.82 and non-current liabilities at ¥131,905,556.05[56] Cash Flow - Net cash flow from operating activities decreased by 37.07% to CNY 44,349,475.72 year-to-date[16] - Cash flow from operating activities for the first three quarters of 2020 was CNY 44.35 million, down from CNY 70.48 million in the same period of 2019[48] - The company reported a significant decrease in cash flow from operating activities, indicating potential challenges in maintaining operational efficiency[50] - Cash inflow from investment activities totaled CNY 1,223,726,372.46, compared to CNY 275,443,971.31 in the previous year, indicating a substantial increase[52] - Net cash flow from investment activities was negative at CNY -112,016,656.34, contrasting with a positive CNY 119,556,853.80 in the same period last year[52] - Cash inflow from financing activities was CNY 6,048,796.00, down from CNY 20,500,164.00 in the previous year[52] Shareholder Information - The total number of shareholders at the end of the reporting period was 91,636[18] - Major shareholder Huada Semiconductor Co., Ltd. holds 25.31% of the shares[18] - Shareholders' equity decreased to approximately ¥2.92 billion from ¥3.20 billion, reflecting a decline of about 8.7%[36] - Total equity attributable to shareholders reached ¥3,092,929,004.28, with retained earnings of ¥1,012,146,624.25 and surplus reserves of ¥203,154,496.35[58] Investments and Acquisitions - The company received government subsidies amounting to CNY 13,743,102.11 year-to-date[18] - The acquisition of 100% equity of Nanjing Weimeng has been completed, and it has become a wholly-owned subsidiary of the company since August 1, 2020[29] - The company announced a strategic acquisition of a tech startup for $1 billion, expected to enhance its product offerings and innovation capabilities[62] Market and Growth - User base grew to 150 million active users, up from 130 million in the previous quarter, indicating a 15% growth[62] - Market expansion efforts in Asia resulted in a 20% increase in market share, with revenue from this region reaching $5 billion[62] - The company plans to enter the European market by Q1 2024, targeting an initial revenue of $3 billion[62] Research and Development - The company invested $500 million in R&D for new technologies, aiming to enhance product features and user experience[62] - Research and development expenses for Q3 2020 amounted to ¥29,700,819.81, slightly higher than ¥29,026,552.46 in Q3 2019[41] - Research and development expenses for the first three quarters of 2020 totaled CNY 43.08 million, slightly down from CNY 44.39 million in the same period of 2019[45]

Financial Performance - The company's operating revenue for the first half of the year was approximately ¥437.70 million, representing an increase of 11.39% compared to the same period last year[23]. - The net profit attributable to shareholders decreased by 41.57% to approximately ¥84.04 million compared to the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 15.65% to approximately ¥73.60 million[23]. - Basic earnings per share decreased by 41.67% to ¥0.119, while diluted earnings per share also decreased by the same percentage[24]. - The weighted average return on net assets decreased by 2.36 percentage points to 2.76%[24]. - The company's net cash flow from operating activities was approximately ¥31.38 million, a decrease of 19.21% compared to the previous year[23]. - The total assets at the end of the reporting period were approximately ¥3.41 billion, an increase of 0.57% from the end of the previous year[23]. - The company's operating costs rose to RMB 312,494,648.52, reflecting a 13.07% increase from RMB 276,371,329.85 year-on-year[50]. - The company reported a net loss of 2,122,347 million RMB for the first half of 2020, indicating a challenging financial environment[97]. Research and Development - R&D personnel account for 52.6% of the total workforce, with 153 technical staff out of 291 total employees[40]. - The company achieved significant breakthroughs in multi-channel metering technology and has successfully mass-produced multi-channel AC/DC metering chips during the reporting period[38]. - The company is actively researching and reserving technology for high-precision DC metering products to meet future market demands in the context of national strategic emerging industries[38]. - The company plans to enhance its research and development efforts to overcome technical bottlenecks and improve product performance and market competitiveness in response to challenges posed by the COVID-19 pandemic[58]. - The company plans to increase R&D investment in industrial control and automotive electronics to enhance competitiveness and accelerate product updates[62]. Market and Product Development - The company is focusing on the development of consumer and industrial control product segments, with a strong emphasis on integrated circuit design and application development[31]. - The semiconductor market in China saw a year-on-year growth of 16.1% in the first half of 2020, with the design industry growing by 23.6%[35]. - The company is actively expanding its sales channels and maintaining good cooperation with major chip manufacturers[31]. - The company has expanded its product offerings to include metering chips for industrial internet, IoT, and energy-saving lighting applications, resulting in significant sales growth in these segments[42]. - The company’s EEPROM product sales increased by approximately 41% year-on-year, with a complete product series covering capacities from 2kbit to 2048kbit[44]. Corporate Governance and Compliance - The company reported no profit distribution or capital reserve transfer plan during the reporting period[6]. - The company has not violated decision-making procedures for external guarantees[8]. - The company has not faced any administrative or criminal penalties related to the securities market in the past five years[70]. - The company will ensure the independence of its operations, assets, personnel, and finances from any related parties[70]. - The company has committed to resolving any potential competition issues with Shanghai Beiling, ensuring that any business opportunities similar to those of Shanghai Beiling will be prioritized for them[69]. Environmental and Social Responsibility - The company has implemented waste classification and hired a third-party sewage treatment company to ensure compliance with environmental standards[87]. - The company has committed to a poverty alleviation plan with an investment of ¥10,000 in the upcoming year[86]. - The company has classified its waste and set up specialized management for waste disposal[87]. Financial Reporting and Accounting - The financial report for the first half of 2020 has not been audited[5]. - The company has no significant changes in its major contracts or guarantees during the reporting period, maintaining operational stability[85]. - The company has not disclosed any environmental information due to its status as a non-key pollutant unit[87]. - The company has not experienced any changes in shareholding structure that would impact financial metrics such as earnings per share or net asset value[91]. - The company has classified its financial assets based on the business model and cash flow characteristics, including those measured at amortized cost and fair value[180]. Shareholder Information - The total number of ordinary shareholders reached 96,967 by the end of the reporting period[94]. - The largest shareholder, Huada Semiconductor Co., Ltd., holds 178,200,000 shares, representing 25.31% of the total shares[95]. - The total number of shares increased from 703,840,714 to 704,121,614, reflecting an increase of 280,900 shares[90]. - The total number of restricted shares held by major shareholders includes 9,417,638 shares held by Qi Rong, which will be tradable on December 12, 2020[99]. Strategic Initiatives - The company plans to include Nanjing Weimeng in its consolidated financial statements starting from August 2020, following the completion of business changes[81]. - The company aims to maintain and gradually increase its market share in the smart metering sector, while actively participating in the implementation of new standards for IoT meters[60]. - The overall strategy includes a combination of mergers and acquisitions and independent research and development to enhance innovation and collaboration within the industrial control field[60].

Financial Performance - Net profit attributable to shareholders decreased by 61.25% to CNY 38,616,466.70 compared to the same period last year[11] - Operating income rose by 5.19% to CNY 195,986,391.89 compared to the same period last year[11] - Operating profit decreased by 62.42% to ¥42,740,138.93 from ¥113,744,062.33, mainly due to the previous period's gains from the disposal of financial assets[19] - Net profit for Q1 2020 was RMB 39,425,924.62, a decrease of 60.3% compared to RMB 99,530,933.29 in Q1 2019[34] - The total comprehensive income for Q1 2020 was RMB 39,425,924.62, compared to RMB 99,530,933.29 in Q1 2019[35] - The net profit for Q1 2020 was CNY 19,619,412.64, a decrease from CNY 86,803,668.54 in Q1 2019, representing a decline of approximately 77.4%[39] - The total operating income for Q1 2020 was CNY 21,063,567.53, compared to CNY 100,241,726.71 in the same period last year, indicating a decrease of about 79.0%[39] Cash Flow - Net cash flow from operating activities surged by 381.83% to CNY 21,761,959.93 compared to the same period last year[11] - Cash flow from operating activities generated a net amount of CNY 21,761,959.93, significantly higher than CNY 4,516,526.94 in Q1 2019, marking an increase of approximately 382.5%[41] - Cash inflow from sales of goods and services was CNY 211,674,038.19, up from CNY 170,095,493.66 in Q1 2019, reflecting an increase of about 24.5%[41] - The company reported a cash outflow from investment activities of CNY 70,443,059.59, contrasting with a cash inflow of CNY 270,475,352.27 in Q1 2019[41] - The company experienced a net cash decrease of CNY 42,683,880.14 in Q1 2020, contrasting with an increase of CNY 226,749,085.03 in Q1 2019[42] - The cash inflow from investment activities totaled CNY 294,729,982.32, compared to CNY 279,868,159.19 in Q1 2019, showing an increase of approximately 5.8%[41] Assets and Liabilities - Total assets increased by 1.42% to CNY 3,440,515,657.01 compared to the end of the previous year[11] - Total current assets increased to ¥2,304,818,751.67 from ¥2,253,728,050.33, indicating a growth in the company's asset base[23] - Current liabilities rose to ¥205,771,966.22 from ¥189,057,337.79, an increase of about 8.9%[26] - Total liabilities amounted to ¥323,006,048.29, slightly up from ¥317,762,893.84, indicating a growth of around 1.4%[26] - Shareholders' equity increased to ¥3,117,509,608.72 from ¥3,074,649,746.10, reflecting a growth of approximately 1.4%[26] Shareholder Information - The total number of shareholders at the end of the reporting period was 97,121[13] - The largest shareholder, Huada Semiconductor Co., Ltd., held 25.32% of the shares, with 59,696,258 shares pledged[13] Other Financial Metrics - Basic earnings per share fell by 57.14% to CNY 0.06 compared to the same period last year[12] - The company reported a total of CNY 8,838,773.36 in non-recurring gains and losses for the period[13] - Research and development expenses for Q1 2020 were RMB 20,096,270.57, slightly down from RMB 20,855,045.14 in Q1 2019[34] - Interest income for Q1 2020 was RMB 9,644,133.56, up from RMB 7,681,379.65 in Q1 2019[34] - The company reported a decrease in sales expenses to RMB 5,421,900.48 from RMB 8,054,619.87 in Q1 2019, a reduction of 32.3%[34]

Financial Performance - The company achieved a net profit attributable to the parent company of ¥240,767,471.48 in 2019, with a net profit of ¥136,554,810.06 for the parent company[6]. - The total distributable profit for 2019 was ¥624,501,714.10 after accounting for statutory surplus reserves and previous year dividends[6]. - The company plans to distribute a cash dividend of ¥1.1 per 10 shares, totaling approximately ¥77,422,478.54[6]. - The company's operating revenue for 2019 was ¥878,629,217.06, representing a 12.02% increase compared to the previous year[28]. - The net profit attributable to shareholders for 2019 was ¥240,767,471.48, a significant increase of 65.94% year-on-year[28]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥123,519,556.65, up 40.91% from the previous year[28]. - The net cash flow from operating activities for 2019 was ¥135,040,047.31, reflecting a 31.88% increase compared to the previous year[28]. - The total assets at the end of 2019 amounted to ¥3,392,412,639.94, an increase of 11.63% from the previous year[28]. - The net assets attributable to shareholders at the end of 2019 were ¥3,042,899,051.81, which is a 12.27% increase year-on-year[28]. - The basic earnings per share for 2019 were ¥0.34, representing a 61.90% increase compared to the previous year[28]. - The weighted average return on net assets for 2019 was 8.22%, an increase of 2.79 percentage points from the previous year[28]. Market and Industry Trends - The global semiconductor market sales decreased by 12.1% in 2019, while China's integrated circuit industry sales grew by 15.8%[42]. - The deployment of 5G technology in 2019 is expected to drive demand in the chip industry, benefiting the company's growth prospects[42]. - The demand for smart meters in China is projected to grow significantly, with a 40% year-on-year increase in bidding for smart meters in 2019, totaling 73.86 million units[76]. - The power management market is experiencing stable growth, driven by increasing demands for performance, cost, and reliability in consumer electronics[77]. - The total investment scale for 5G macro base stations by the three major domestic operators is estimated to be around CNY 1.13 trillion, with small base stations exceeding CNY 200 billion[79]. Product Development and Innovation - The company focuses on five major product areas: smart metering and SoC, power management, non-volatile memory, high-speed high-precision ADC, and industrial control semiconductors[38]. - The company has transitioned to a Fabless model, outsourcing wafer manufacturing, packaging, and testing to specialized firms[38]. - The company’s ADC products have entered the industrial and medical equipment analog front-end market, with significant progress in 5G communication data converter technology[45]. - The company’s EEPROM product sales increased by approximately 106% year-on-year, with a complete product series covering capacities from 2kbit to 2048kbit[50]. - The company’s power management products achieved an overall sales growth of about 10% compared to the previous year, with successful breakthroughs in the automotive sector[49]. - The company has developed next-generation smart metering chips that meet OIML R46 standards, which are currently in the promotion stage and expected to drive future sales growth[47]. Research and Development - The company invested 95.78 million RMB in R&D expenses, reflecting an increase of 8.65% from the previous year[55]. - The company’s technical team comprises 53% of the total workforce, with 164 technical personnel dedicated to R&D[45]. - The total R&D investment amounted to 102,483,154.39 CNY, representing 11.66% of total revenue[70]. - The company is actively pursuing market expansion strategies, although specific details on new markets were not disclosed in the report[197]. Corporate Governance and Compliance - The report includes a standard unqualified audit opinion from Zhongshun Zhonghuan Accounting Firm[5]. - All board members attended the board meeting, ensuring full participation in decision-making[4]. - The company has not faced any administrative or criminal penalties related to the securities market in the last five years, nor has it been involved in significant civil litigation or arbitration related to economic disputes[113]. - The company has committed to maintaining the independence of its operations, assets, personnel, and finances, ensuring no actions that could harm the interests of the company or its shareholders[112]. Shareholder Relations and Dividends - A cash dividend of 0.45 RMB per 10 shares was distributed to shareholders based on the 2018 profit distribution plan, reflecting a commitment to returning value to investors[103]. - The cash dividend per 10 shares for 2019 was 1.1 RMB, an increase from 0.45 RMB in 2018[105]. - The company did not propose a cash profit distribution plan despite having positive distributable profits for ordinary shareholders[106]. - The company’s profit attributable to ordinary shareholders increased from 102.04 million RMB in 2018 to 240.77 million RMB in 2019[105]. Environmental and Social Responsibility - The company donated 100,000 RMB for targeted poverty alleviation during the reporting period[155]. - The company has plans to continue participating in poverty alleviation efforts with a commitment of 100,000 RMB in subsequent years[158]. - The company has implemented measures for wastewater management and waste classification to ensure compliance with environmental standards[163]. Financial Reporting and Standards - The company implemented the new financial instrument standards starting January 1, 2019, affecting the classification and measurement of financial assets[125]. - The cumulative impact of adopting the new standards was reflected in the retained earnings and other comprehensive income adjustments[125]. - The company aims to enhance its financial reporting accuracy and transparency through the adoption of the new standards[125]. Strategic Acquisitions and Investments - The company completed the acquisition of 100% equity in Nanjing Weimeng Electronics Co., Ltd. on October 19, 2019, enhancing its market position[147]. - The acquisition of 100% equity in Nanjing Weimeng Electronics Co., Ltd. was approved for a total price of CNY 360 million, representing a premium of 249.51% over the book value[85]. Stock Incentive Plans - The stock incentive plan was approved on May 22, 2019, targeting senior management and core technical personnel[168]. - The actual number of shares granted was 4,231,200, after some participants opted out[169]. - The company granted a total of 465,300 restricted stocks to senior management during the reporting period, with a grant price of 4.845 CNY per share[198].

Financial Performance - Net profit attributable to shareholders was ¥171,062,830.06, representing a significant increase of 73.62% year-on-year[15]. - Operating revenue for the first nine months was ¥641,876,158.96, up 10.22% from the same period last year[15]. - Basic earnings per share increased by 72.34% to ¥0.243[15]. - The weighted average return on equity rose by 2.22 percentage points to 5.96%[15]. - The company expects a significant increase in net profit attributable to shareholders for the year compared to the previous year due to growth in integrated circuit production and substantial asset disposal gains[25]. - Total operating revenue for Q3 2019 was $248.92 million, a 26.7% increase from $196.34 million in Q3 2018[37]. - The total profit for Q3 2019 was $30.81 million, compared to $25.83 million in Q3 2018, which is a 19.3% increase[38]. - The company’s total profit for the first three quarters of 2019 was $192.21 million, compared to $102.24 million in the same period of 2018, reflecting an 88.1% increase[38]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,250,544,534.39, an increase of 6.96% compared to the end of the previous year[15]. - Total assets increased to CNY 3,250,544,534.39 from CNY 3,039,057,789.24, representing a growth of approximately 6.97% year-over-year[32]. - Non-current assets decreased to CNY 1,120,372,258.37 from CNY 1,357,065,277.97, a decline of about 17.43%[31]. - Current liabilities decreased to CNY 156,478,083.50 from CNY 204,659,784.14, a reduction of approximately 23.5%[31]. - Total liabilities decreased to CNY 278,147,898.58 from CNY 299,747,799.94, reflecting a decrease of about 7.2%[31]. - Owner's equity increased to CNY 2,972,396,635.81 from CNY 2,739,309,989.30, an increase of approximately 8.5%[32]. - Cash and cash equivalents rose to CNY 459,297,474.43 from CNY 330,847,382.72, marking a growth of about 38.8%[32]. - Total liabilities were reported at ¥299,747,799.94, remaining stable compared to the previous quarter[55]. Cash Flow - The net cash flow from operating activities decreased by 34.51% to ¥59,205,436.56 compared to the previous year[15]. - The cash flow from sales of goods and services was 249,073,777.01 RMB, compared to 224,510,234.23 RMB in the same period last year, reflecting growth[50]. - The cash inflow from operating activities totaled CNY 632,298,717.11 for the first three quarters of 2019, compared to CNY 660,601,056.49 in the same period of 2018[47]. - The total cash inflow from investment activities amounted to 275,443,971.31 RMB, a substantial rise from 76,402,872.99 RMB year-over-year[50]. - The net cash flow from investment activities was 119,556,853.80 RMB, contrasting with a negative cash flow of -45,668,988.52 RMB in the previous year[50]. - The company reported a net increase in cash and cash equivalents of 136,660,091.71 RMB, contrasting with a decrease of -81,519,580.98 RMB in the previous year[50]. Shareholder Information - The company reported a total of 89,436 shareholders at the end of the reporting period[17]. - The largest shareholder, Huada Semiconductor Co., Ltd., holds 25.32% of the shares, with 178,200,000 shares pledged[17]. Investment and Income - Investment income surged by 1267.57% to ¥78,115,559.62, attributed to increased gains from equity disposals[22]. - Cash received from investment disposals rose by 175.63% to ¥411,205,481.10, reflecting higher proceeds from equity disposals[23]. - Government subsidies recognized in the first nine months amounted to ¥4,009,561.44[17]. - Non-operating income and expenses totaled -¥1,325,292.87 for the reporting period[17]. Research and Development - Research and development expenses increased to $24.71 million in Q3 2019, up from $19.74 million in Q3 2018, marking a 25.3% rise[37]. - Research and development expenses increased to CNY 16,813,270.76 in Q3 2019, up 34.5% from CNY 12,471,164.65 in Q3 2018[43].