Financial Performance - The company's operating revenue for the first half of 2019 was CNY 820,064,401.42, a decrease of 11.58% compared to the same period last year[22]. - The net profit attributable to shareholders of the listed company was CNY 50,352,211.77, down 28.36% year-on-year[22]. - The net cash flow from operating activities was CNY 144,227,988.34, a decrease of 6.03% compared to the previous year[22]. - The company achieved operating revenue of CNY 725,082,458.56, a decrease of 11.58% year-on-year[39]. - The net profit attributable to shareholders was CNY 36,073,300, down 28.36% compared to the previous year[36]. - Basic earnings per share for the first half of 2019 were CNY 0.04, a decrease of 42.86% compared to the same period last year[24]. - The company reported a total comprehensive income of CNY 33,866,811.34 for the first half of 2019, compared to CNY 50,753,986.52 in the same period of 2018[152]. - The net profit for the first half of 2019 was CNY 33,866,811.34, a decline of 33.4% compared to CNY 50,753,986.52 in the first half of 2018[150]. - The total comprehensive income for the current period increased by CNY 50,352,211.77, contributing to a total equity of CNY 2,171,465,795.36 at the end of the current period[185]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,385,065,062.59, an increase of 18.57% from the end of the previous year[22]. - The company's total liabilities amounted to CNY 1,833,496,558.99, slightly up from CNY 1,803,642,118.54 in the previous year[150]. - The total current assets as of June 30, 2019, amounted to CNY 3,410,598,138.97, an increase from CNY 2,803,431,660.40 at the end of the previous year[134]. - The company's total liabilities decreased from ¥2,248,472,236.76 in the previous year to ¥2,235,788,885.88, showing a slight reduction[174]. - The total equity at the end of the period is CNY 1,928,076,512.16, an increase from CNY 1,896,746,037.74 at the end of the previous year, reflecting a growth of approximately 1.5%[194]. Capital Structure - The total share capital at the end of the reporting period was 751,588,000 shares, an increase of 28.30% from the end of the previous year[22]. - The capital reserve increased by 104.42% to ¥1,169,177,120.91, mainly due to funds received from a share placement project[48]. - The company's capital stock remained stable at CNY 751,588,000.00, with no changes reported in the number of shares[184]. - The company issued 212,947,304 shares at a price of CNY 3.90 per share, raising a total of CNY 830,494,485.60 in funds[198]. Research and Development - R&D expenses amounted to CNY 51,562,783.61, reflecting a slight increase of 0.21% year-on-year[39]. - Research and development expenses for the first half of 2019 were CNY 18,365,204.45, an increase of 2.7% compared to CNY 17,873,900.17 in the same period of 2018[150]. Market and Strategic Initiatives - The company is actively expanding into strategic emerging markets such as new energy and high-reliability sectors, enhancing its technological marketing model[34]. - The company plans to continue expanding its domestic and international markets in the second half of the year, focusing on new products and fields to drive growth[36]. - The company plans to continue focusing on investment in fixed assets and technology development to enhance operational efficiency and market competitiveness[170]. Risks and Compliance - There were no significant risks affecting the company's production and operation during the reporting period[8]. - The company is facing risks from escalating trade tensions between the US and China, as well as Japan and South Korea, which may negatively impact downstream markets and create barriers in materials, equipment, and technology[56]. - The semiconductor industry is experiencing a shortage of specialized technical personnel, posing a risk of talent loss for the company[59]. - The company has implemented pollution prevention facilities that ensure compliance with discharge standards for both water and air pollutants[83]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 105,033[104]. - The top ten shareholders held a total of 225,553,206 shares, representing 23.39% of the total shares[104]. - Shanghai Pengsheng Technology Industry Co., Ltd. is the largest shareholder with 52,050,740 shares, which is 23.39% of the total[104]. Corporate Governance - The company has renewed the appointment of Zhonghua Accounting Firm for the 2019 financial report audit, following a positive evaluation of their previous audit performance[67]. - There are no significant litigation or arbitration matters reported for the company during the reporting period[68]. - The company has maintained a good integrity status for itself and its controlling shareholders during the reporting period[70].

2019 年第一季度报告 公司代码：600360 公司简称：华微电子 吉林华微电子股份有限公司 2019 年第一季度报告 1 / 19 2019 年第一季度报告 一、重要提示. 二、公司基本情况 . 三、重要事项 四、附录 . 目 录 2 / 19 2019 年第一季度报告 单位：元 币种：人民币 归属于母公司所有者的净利润本期数较上年同期数减少 5,989,528.02 元，减少比例 27.60%, 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人夏增文、主管会计工作负责人王晓林及会计机构负责人（会计主管人员）朱晓丽 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-------------------------------------------------|-------- ...

Financial Performance - The company's operating revenue for 2018 was CNY 1,709,262,283.67, representing a 4.55% increase compared to CNY 1,634,890,299.33 in 2017[23] - The net profit attributable to shareholders of the listed company was CNY 106,006,552.17, an increase of 11.76% from CNY 94,853,828.23 in the previous year[23] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 96,391,923.04, reflecting a 16.15% increase from CNY 82,991,840.98 in 2017[23] - The net cash flow from operating activities was CNY 423,439,353.42, a significant increase of 316.45% compared to CNY 101,678,870.33 in 2017[23] - The total assets at the end of 2018 were CNY 4,385,065,062.59, which is a 7.50% increase from CNY 4,079,124,656.24 at the end of 2017[23] - The net assets attributable to shareholders of the listed company were CNY 2,248,472,236.76, marking a 6.00% increase from CNY 2,121,113,583.59 in 2017[23] - Basic earnings per share for 2018 were CNY 0.14, up 7.69% from CNY 0.13 in 2017[25] - The weighted average return on equity increased to 4.85% in 2018, up 0.26 percentage points from 4.59% in 2017[25] - The gross profit margin for the semiconductor division was 23.23%, with a year-on-year increase of 1.62 percentage points[52] - The gross margin improved by 1.93 percentage points to 22.59% compared to the previous year[55] Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.35 per 10 shares, totaling CNY 33,749,495.64[6] - In 2018, the company distributed cash dividends totaling approximately ¥33.75 million, representing 31.84% of the net profit attributable to ordinary shareholders[97] - The cash dividend per 10 shares was ¥0.35 in 2018, an increase from ¥0.20 in 2017[97] - The company plans to maintain a cash dividend policy of distributing no less than 20% of the annual distributable profit, with a cumulative distribution of at least 30% of the average annual distributable profit over the last three years[92] Research and Development - The company has strengthened its R&D efforts, focusing on key projects such as IGBT and MOSFET platforms, with significant performance improvements[39] - The company has established a comprehensive product system for power semiconductor devices, including high-end diodes and IGBTs, and is transitioning from a single device supplier to a total solution provider[34] - The company is actively expanding into emerging fields such as new energy vehicles and photovoltaic applications, achieving initial results[34] - Research and development expenses increased by 21.22% to ¥36,815,518.94, reflecting the company's commitment to innovation[46] - The company is focusing on the research and development of third-generation semiconductor materials to achieve a competitive edge over international leaders by the end of the "13th Five-Year Plan" period[84] - The company has employed 650 R&D personnel, representing 30.05% of the total workforce[64] Operational Efficiency - The company optimized its management model, leading to improved production line efficiency and reduced production cycles[41] - The company has established a business unit system to enhance operational efficiency and responsiveness to market demands[89] - The company has formed specialized technical service teams to enhance product development and service response capabilities, particularly for key clients like Huawei and DELL[39] Market Presence - The company expanded its market presence in sectors such as new energy vehicles and industrial control, aiming to meet the growing demand for semiconductor power devices[44] - The company has a production capacity of 3.3 million power semiconductor wafers per year and 2.4 billion packaging resources annually, leading in the domestic industry[36] Financial Management - Management expenses rose by 42.68% to ¥131,968,697.67, mainly due to higher equity incentive costs[48] - The company reduced financial expenses by 15.72%, amounting to ¥47,397,068.81, indicating improved financial management[46] - The company reported a total cost of sales of approximately ¥1.23 billion, with a year-over-year increase of 4.73%[59] Environmental Compliance - The company reported a total discharge of 2.2749 million tons of pollutants, with a specific focus on water pollutants showing a concentration of 25.4 mg/L for COD and 19.2 mg/L for NH3-N, both within the regulatory limits[124] - Air pollutants were also reported, with a maximum emission concentration of 0.313 mg/m³ for hydrogen chloride, which is below the limit of 100 mg/m³, indicating compliance with environmental standards[124] - The company has established pollution prevention facilities that are operating normally, ensuring that both water and air pollutants are treated to meet discharge standards[127] - An environmental impact assessment was conducted for construction projects, and the company has obtained the necessary environmental permits[128] - The company has developed an emergency response plan for environmental incidents, which is filed with the local environmental protection bureau and includes regular training and drills[129] - The company has implemented a self-monitoring plan for environmental pollutants in accordance with legal regulations and its operational conditions[130] Corporate Governance - The company has established a fair and transparent compensation and performance management system for senior management, linking monthly salaries to annual economic indicators[176] - The company has not faced any penalties from securities regulatory agencies in the past three years[171] - The independent directors attended all board meetings, with no absences reported[186] - The company conducted internal control audits to enhance risk prevention capabilities and operational standards[183] - The internal control audit report issued by Zhonghua Accounting Firm confirmed effective financial reporting internal controls as of December 31, 2018[191] Shareholder Information - The total number of ordinary shares is 751,588,000, with 98.23% being freely tradable shares[134] - The largest shareholder, Shanghai Pengsheng Technology Industry Co., Ltd., held 173,502,466 shares, representing 23.08% of the total shares, with 113,389,173 shares pledged[142] - The company reported a total of 2,163 employees, with 1,605 in the parent company and 558 in major subsidiaries[174] - The total remuneration for all directors, supervisors, and senior management in 2018 amounted to CNY 2,885,513.92[170] Risks and Challenges - The company is facing risks from macroeconomic fluctuations and increased competition in the semiconductor industry, particularly as it enters a critical period of product and market transformation[90] - The company reported no significant changes in related party transactions or major contracts[115] - The company has not faced any major litigation or arbitration matters during the reporting period[107]

2018 年第三季度报告 公司代码：600360 公司简称：华微电子 吉林华微电子股份有限公司 2018 年第三季度报告 1 / 21 | | | | 一、重要提示 | 3 | | --- | --- | | 二、公司基本情况 | 3 | | 三、重要事项 | 7 | | 四、附录 | 9 | 2018 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 单位：元 币种：人民币 | | 本报告期末 | | 上年度末 | | 本报告期末比上年度 | | | --- | --- | --- | --- | --- | --- | --- | | | | | | | 末增减(%) | | | 总资产 | 4,148,963,382.15 | | 4,079,124,656.24 | | 1.71 | | | 归属于上市公司股 | 2,196,020,977.20 | | 2,121,113,583.59 | | 3.53 | | | 东的净资产 | | | | | | | | | 年初至报告期末 | | 上年初至上年报告期末 | | 比上年同期增减(%) | | | | （1-9 月） | | ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 820,064,401.42, representing a 19.11% increase compared to CNY 688,480,428.74 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2018 was CNY 50,352,211.77, a 47.28% increase from CNY 34,189,162.95 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 46,253,295.07, up 52.67% from CNY 30,296,319.19 year-on-year[18]. - Basic earnings per share for the first half of 2018 were CNY 0.07, a 40.00% increase from CNY 0.05 in the same period last year[19]. - The weighted average return on net assets increased to 2.35%, up 0.68 percentage points from 1.67% in the previous year[19]. - The company achieved operating revenue of 820.0644 million yuan, representing a year-on-year growth of 19.11%[28]. - The net profit attributable to shareholders reached 50.3522 million yuan, with a year-on-year increase of 47.28%[28]. - The company reported a significant increase in other income, which rose by 622.03% to CNY 1,640,443.88, mainly due to higher debt restructuring gains[33]. - The total comprehensive income for the first half of 2018 was CNY 31,330,474.42, compared to CNY 18,706,429.78 in the previous year, indicating a significant increase[97]. - The comprehensive income for the current period amounted to CNY 50,753,986.52, reflecting a significant increase compared to previous periods[106]. Cash Flow and Assets - The net cash flow from operating activities was CNY 144,227,988.34, showing a slight increase of 1.09% compared to CNY 142,679,530.55 in the same period last year[18]. - The total assets at the end of the reporting period were CNY 3,974,910,252.94, a decrease of 2.55% from CNY 4,079,124,656.24 at the end of the previous year[18]. - The net cash flow from investment activities was negative CNY 40,025,178.08, a decrease of CNY 18,803,987.62 from the previous year[33]. - Cash and cash equivalents at the end of the period totaled CNY 1,419,844,807.49, a slight decrease from CNY 1,416,729,528.70 at the end of the previous period[100]. - The total assets decreased to CNY 3,974,910,252.94 from CNY 4,079,124,656.24, reflecting a decline in total assets[86]. - The total liabilities decreased to CNY 1,816,725,767.70 from CNY 1,971,694,157.51, indicating a reduction in liabilities[86]. - The company's equity increased to CNY 2,158,184,485.24 from CNY 2,107,430,498.73, showing growth in shareholder equity[87]. Research and Development - The company has established a comprehensive product system in power semiconductor devices, covering high-end diodes, thyristors, and the sixth generation IGBT[24]. - The company has invested in R&D to enhance product performance, with the Trench-FS IGBT platform achieving a chip current of 200A[28]. - Research and development expenses rose by 15.66% to CNY 51,453,869.42, compared to CNY 44,487,592.63 in the previous year[32]. - The company is engaging in research and development of semiconductor devices and electronic products, aiming for market expansion in the automotive electronics sector[115]. Market and Operational Strategy - The company is actively expanding into new energy vehicles and military industries, achieving significant results[24]. - The company is transitioning from a single device supplier to a comprehensive solution provider in the power semiconductor market[24]. - The management expressed optimism about future performance, projecting a continued upward trend in revenue and profitability[108]. - The company plans to continue investing in new product development and market expansion strategies to drive future growth[106]. - The company has identified potential acquisition targets to enhance its market presence and operational capabilities[107]. Financial Stability and Risk Management - The company has significant restricted assets totaling CNY 485,289,412.91, including cash and fixed assets pledged as collateral for bonds[38]. - The company maintained a loan repayment rate of 100% during the reporting period[80]. - The company is focusing on enhancing its risk management strategies to mitigate potential market fluctuations[109]. - There were no significant risks that materially affected the company's production and operations during the reporting period[6]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period was 96,480[64]. - The largest shareholder, Shanghai Pengsheng Technology Industry Co., Ltd., holds 173,502,466 shares, representing 23.08% of total shares[66]. - The company has not experienced any changes in its controlling shareholders or actual controllers during the reporting period[68]. - The company held its annual shareholders' meeting on June 8, 2018, where several directors and supervisors were elected[71]. Environmental Compliance - The company reported a total emission of 55.3 million tons of water pollutants, with a regulatory limit of 227.49 million tons[55]. - The company achieved compliance in all major pollutants, including CODcr at 144 mg/L against a limit of 150 mg/L, and BOD5 at 23.8 mg/L against a limit of 30 mg/L[55]. - The company has implemented pollution control facilities, including a washing tower for acid and alkaline waste gas, and a wastewater treatment station[57]. - The company has conducted environmental impact assessments for construction projects and obtained necessary approvals[58]. - The company has established an emergency response plan for environmental incidents, which is filed with local environmental authorities[59]. Accounting and Financial Reporting - The company follows the accounting standards and principles as per the "Enterprise Accounting Standards - Basic Standards," ensuring accurate financial reporting[120]. - The financial statements reflect the company's financial position, operating results, changes in shareholders' equity, and cash flows accurately and completely[122]. - The company has not reported any significant changes in accounting policies or estimates that would affect the financial statements[122]. - The company recognizes the fair value of identifiable net assets acquired in business combinations, with any excess recognized as goodwill[127].

Financial Performance - Net profit attributable to shareholders increased by 72.07% to CNY 21,701,634.20 year-on-year[6] - Operating revenue rose by 12.53% to CNY 395,844,871.38 compared to the same period last year[6] - Basic earnings per share increased by 50% to CNY 0.03 per share[6] - The net profit after deducting non-recurring gains and losses increased by 98.26% to CNY 19,649,024.46 year-on-year[6] - Net profit for Q1 2018 reached CNY 21,629,764.81, representing a significant increase of 75.5% from CNY 12,332,924.91 in the previous year[27] - The net profit for Q1 2018 reached 10,791,092.16 CNY, compared to 8,403,940.16 CNY in the same period last year, indicating a year-over-year increase of about 28.4%[30] Assets and Liabilities - Total assets increased by 4.40% to CNY 4,258,525,334.39 compared to the end of the previous year[6] - Total assets amounted to 4,258,525,334.39 RMB, an increase from 4,079,124,656.24 RMB at the beginning of the year[20] - Total liabilities increased to 2,129,465,070.86 RMB from 1,971,694,157.51 RMB at the beginning of the year[21] - Current assets totaled CNY 2,258,393,348.95, an increase of 8.3% from CNY 2,084,915,256.94 at the start of the year[24] - Current liabilities increased to CNY 1,411,856,268.43, up 11.9% from CNY 1,261,306,461.24 at the beginning of the year[25] - The company's total equity as of the end of the reporting period was CNY 1,907,537,129.90, a slight increase from CNY 1,896,746,037.74 at the start of the year[25] Cash Flow - Net cash flow from operating activities decreased by 26.83% to CNY 67,595,638.33 compared to the previous year[6] - Cash flow from financing activities increased by 90,543,456.20 RMB, a significant increase of 203.30%, mainly due to higher cash received from borrowings compared to the previous period[15] - Operating cash flow for Q1 2018 was 67,595,638.33 CNY, down from 92,385,697.67 CNY in Q1 2017, reflecting a decrease of approximately 26.8%[33] - The company received cash from borrowings amounting to $174,500,000.00, reflecting a significant increase in financing activities[36] - The net cash flow from financing activities was $92,038,768.69, up from $30,912,914.54 year-over-year[36] Shareholder Information - The number of shareholders reached 101,351 at the end of the reporting period[10] - The largest shareholder, Shanghai Pengsheng Technology Industry Co., Ltd., holds 23.08% of the shares[10] Operating Costs and Expenses - Total operating costs for Q1 2018 were CNY 374,718,953.42, up from CNY 340,394,118.67, reflecting a year-over-year increase of 10.1%[27] - The total operating expenses for Q1 2018 were 337,508,641.65 CNY, compared to 303,601,114.59 CNY in Q1 2017, indicating an increase of approximately 11.2%[33] Investment Activities - The company reported an investment income of CNY 846,424.46 for Q1 2018, up from CNY 836,840.77 in the previous year[27] - Investment activities resulted in a net cash outflow of 8,029,758.08 CNY in Q1 2018, compared to an outflow of 18,589,776.62 CNY in the same period last year, indicating an improvement in cash flow management[34] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[26]

Financial Performance - The company's operating revenue for 2017 was CNY 1,634,890,299.33, representing a 17.12% increase compared to CNY 1,395,863,516.46 in 2016[19]. - The net profit attributable to shareholders of the listed company reached CNY 94,853,828.23, a significant increase of 133.52% from CNY 40,618,659.76 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was CNY 82,991,840.98, compared to CNY 29,329,917.43 in 2016, indicating substantial growth[19]. - The company's operating cash flow for 2017 was approximately ¥101.68 million, an increase of 34.23% compared to ¥75.75 million in 2016[21]. - Basic earnings per share rose by 116.67% to ¥0.13 from ¥0.06 in 2016[23]. - The company's EBITDA for 2017 was CNY 293,664,923.07, representing a 24.93% increase compared to CNY 235,061,717.36 in 2016[166]. - The interest coverage ratio improved significantly to 2.69 in 2017 from 1.76 in 2016, marking a 52.84% increase[166]. - The cash interest coverage ratio also saw a substantial rise to 3.90 in 2017, up 59.18% from 2.45 in 2016[166]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.20 per 10 shares, totaling CNY 15,031,760.00, based on a total share capital of 751,588,000 shares[5]. - The company plans to distribute at least 20% of its distributable profits as cash dividends annually, provided certain conditions are met, including a minimum earnings per share of 0.1 yuan[84]. - In 2016, the company distributed a cash dividend of 0.20 yuan per share, totaling 14,761,600 yuan, with a net profit distribution ratio of 36.34%[86]. Risk Management - There were no significant risks that materially affected the company's operations during the reporting period[7]. - The report includes a forward-looking statement risk declaration, emphasizing that future plans do not constitute a commitment to investors[6]. - The company is currently facing risks due to rising costs of raw materials, such as silicon wafers, which could significantly impact its performance if costs continue to increase[81]. - The company is in a critical period of product and market transformation, which could affect its performance if industry progress does not meet expectations[81]. Operational Efficiency - The audit report issued by Zhonghua Accounting Firm was a standard unqualified opinion, ensuring the accuracy and completeness of the financial report[4]. - The company has implemented an ERP system to enhance resource management and operational efficiency[37]. - The company has optimized its organizational structure to improve operational performance and market responsiveness[36]. - The performance evaluation mechanism for senior management was further refined, linking performance results to compensation to enhance operational efficiency[155]. Market Expansion and Innovation - The company is expanding into high-end semiconductor markets, including electric vehicles and military applications, establishing a comprehensive product system[31]. - The company has shifted from being a single device supplier to providing overall solutions in the semiconductor industry[31]. - The company has developed high-end power devices that have achieved mass sales in smart home appliances and electric vehicle charging stations[36]. - The company aims to leverage its technological advantages to achieve market-scale application of mid-to-high-end technology products during the "13th Five-Year Plan" period[75]. - The company is committed to continuous product, technology, and management innovation to drive overall performance growth[77]. Financial Position - Total assets grew by 10.69% to ¥4.08 billion, up from ¥3.69 billion in 2016[21]. - The net assets attributable to shareholders increased by 4.67% to ¥2.12 billion from ¥2.03 billion in 2016[21]. - The company's total assets at the end of the reporting period were significantly impacted by the increase in accounts payable, which rose by 169.51% to ¥260,924,547.87[60]. - The company's total liabilities increased to ¥1,642,200,346.67, up from ¥1,443,879,008.42, marking a rise of 13.8%[187]. Shareholder Structure - The total number of ordinary shares increased to 751,588,000 after the recent changes[116]. - The largest shareholder, Shanghai Pengsheng Technology Industry Co., Ltd., held 173,502,466 shares, representing 23.08% of total shares, with 163,657,820 shares pledged[124]. - The company has committed to not reducing its shareholdings for 24 months after increasing its stock holdings, ensuring stability in its shareholder structure[89]. - The company has no significant shareholders holding more than 10% of shares, indicating a dispersed ownership structure[130]. Corporate Governance - The company has established an Investor Relations Management Policy to ensure equal access to information for all shareholders and actively engages with investors[150]. - The board of directors has established four specialized committees to enhance decision-making processes[148]. - The company respects the rights of stakeholders, including shareholders, creditors, customers, suppliers, and employees[149]. - The company has made adjustments to its stock option incentive plan, including changes to the incentive targets and exercise price[97]. Employee and Management - The company has established a performance evaluation and incentive mechanism for senior management, linking annual compensation to the completion of economic indicators[143]. - The company has a strong focus on talent retention, as evidenced by the stock incentive plans for its senior management[135]. - The number of employees in the parent company is 1,609, while the total number of employees in the parent and major subsidiaries is 2,141[142]. - Total compensation for all directors, supervisors, and senior management in 2017 amounted to CNY 1.9643 million[139].

2017 年第三季度报告 公司代码：600360 公司简称：华微电子 吉林华微电子股份有限公司 2017 年第三季度报告 1 / 21 | 一、重要提示 | 3 | | --- | --- | | 二、公司基本情况 | 3 | | 三、重要事项 | 6 | | 四、附录 | 9 | 2017 年第三季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 | | 本报告期末 | 上年度末 | | 本报告期末比上年 | | | --- | --- | --- | --- | --- | --- | | | | | | 度末增减(%) | | | 总资产 | 3,753,491,743.57 | 3,685,177,303.66 | | | 1.85 | | 归属于上市公司股东 | 2,072,572,985.76 | 2,026,430,804.03 | | | 2.28 | | 的净资产 | | | | | | | | 年初至报告期末 | 上年初至上年报告期末 | | 比上年同期增减 | | | | （1-9 月） | （1-9 月） | | (%) | | | 经营活动产生的现金 | 152,87 ...

Financial Performance - The company's operating revenue for the first half of 2017 was CNY 688,480,428.74, representing a 12.66% increase compared to CNY 611,129,810.54 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2017 was CNY 34,189,162.95, which is a 32.00% increase from CNY 25,901,532.75 in the previous year[17]. - The net cash flow from operating activities reached CNY 142,679,530.55, showing a significant increase of 107.97% compared to CNY 68,606,733.32 in the same period last year[17]. - The basic earnings per share for the first half of 2017 was CNY 0.046, up 31.43% from CNY 0.035 in the same period last year[18]. - The total assets at the end of the reporting period were CNY 3,767,809,078.22, reflecting a 2.24% increase from CNY 3,685,177,303.66 at the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were CNY 2,049,565,189.48, which is a 1.14% increase from CNY 2,026,430,804.03 at the end of the previous year[17]. - The company reported a total of CNY 3,892,843.76 in non-recurring gains and losses for the reporting period[19]. - The weighted average return on net assets for the first half of 2017 was 1.67%, an increase of 0.38 percentage points compared to 1.29% in the same period last year[18]. Operational Developments - The company has developed new high-voltage MOS products, enhancing efficiency and reducing temperature rise, which have gained customer recognition in the adapter market[23]. - The company is transitioning from a single device supplier to a comprehensive solution provider, expanding into new markets such as electric vehicles and military applications[23]. - The company optimized its organizational management model, leading to improved overall operational performance and increased market share[24]. - The company is leveraging its comprehensive technical advantages to accelerate product development and structural adjustments, ensuring steady growth[23]. Financial Position - The company’s financial expenses rose by 36.33% to 29.89 million yuan, mainly due to increased interest expenses[28]. - The company holds restricted assets totaling CNY 344,176,254.19, including cash and fixed assets pledged for bond issuance[34]. - The company has a total guarantee amount of 103,440,165.08 RMB, which accounts for 5.05% of the company's net assets[53]. - The company’s total bank credit line during the reporting period was RMB 1,208,600,000, with RMB 881,043,000 utilized, and all principal and interest payments were made on time[82]. - The company's bond credit rating remains at AA, with the issuer's long-term credit rating at AA- and a stable outlook[77]. Shareholder Information - The company reported a total of 76,090 common shareholders as of the end of the reporting period[57]. - The largest shareholder, Shanghai Pengsheng Technology Industry Co., Ltd., holds 173,502,466 shares, accounting for 23.51% of the total shares[59]. - The second-largest shareholder, Jilin Small and Medium Enterprises Credit Guarantee Group Co., Ltd., holds 17,940,000 shares, representing 2.43%[59]. - The company did not experience any changes in its total share capital or share structure during the reporting period[55]. - The company has committed to not reducing its shareholdings for 24 months after increasing its stock holdings, starting from July 13, 2015[45]. Compliance and Governance - The company has renewed the appointment of Zhonghua CPA as its financial report auditor for the year 2017[46]. - There are no significant related party transactions reported during the period[49]. - The company has no major litigation or arbitration matters during the reporting period[47]. - The company maintains a good integrity status for itself and its major stakeholders during the reporting period[47]. - The financial statements comply with the enterprise accounting standards, accurately reflecting the company's financial position and operating results[123]. Cash Flow and Liquidity - The ending balance of cash and cash equivalents was CNY 1,416,729,528.70, an increase from CNY 1,218,033,182.39 at the end of the previous year, representing a growth of about 16%[102]. - The total cash inflow from operating activities was CNY 765,199,475.38, compared to CNY 703,383,602.56 in the previous year, showing an increase of approximately 8.8%[101]. - The cash paid to employees was CNY 87,357,244.81, an increase from CNY 76,545,098.16 in the same period last year, reflecting a growth of approximately 14%[101]. - The company reported a cash balance of CNY 1,416,729,528.70 at the end of the period, an increase from CNY 1,342,789,633.06 at the beginning of the period[196]. - The company has reported a significant increase in cash and cash equivalents compared to the previous period, indicating improved liquidity[196]. Taxation - The company benefits from a reduced corporate income tax rate of 15% for Jilin Maijike Semiconductor Co., Ltd. under high-tech enterprise policies[195]. - The company has a corporate income tax rate of 12.5% for Jilin Huamei Electronics Co., Ltd.[195]. - The company has a corporate income tax rate of 25% for several subsidiaries, including Guangzhou Huamei Electronics Co., Ltd.[195]. Accounting Policies - The company has not reported any changes in accounting policies or prior period error corrections during this reporting period[115]. - The company applies the accounting treatment for business combinations under common control, recognizing the initial investment cost based on the book value of the equity of the acquired entity[126]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[128]. - The company recognizes impairment losses on financial assets and adjusts the carrying amount accordingly[147]. - The company recognizes revenue from the sale of goods when the significant risks and rewards of ownership have transferred to the buyer[184].

Financial Performance - Net profit attributable to shareholders increased by 44.86% to CNY 12,612,302.97 year-on-year[6] - Operating revenue rose by 27.60% to CNY 351,764,935.00 compared to the same period last year[6] - Basic earnings per share doubled to CNY 0.02 from CNY 0.01 in the same period last year[6] - Net profit attributable to the parent company increased by CNY 3,906,027.91, an increase of 44.86%, driven by higher sales revenue and increased gross profit[22] - Net profit for Q1 2017 reached CNY 12,332,924.91, compared to CNY 6,772,220.10 in Q1 2016, representing an increase of 82.5%[34] - The total comprehensive income attributable to the parent company was CNY 12,612,302.97, compared to CNY 8,706,275.06 in the previous year[35] Cash Flow - Net cash flow from operating activities surged by 569.47% to CNY 92,385,697.67 compared to the previous year[6] - Net cash flow from operating activities increased by CNY 78,585,853.33, a significant rise of 569.47%, mainly due to increased cash receipts from sales and reduced cash payments for purchases[22] - The net cash flow from operating activities was CNY 92,385,697.67, compared to CNY 13,799,844.34 in Q1 2016, indicating a substantial improvement[42] - Cash inflow from operating activities totaled $349,425,944.26, while cash outflow was $289,055,710.75, resulting in a positive net cash flow[45] - The company paid $227,518,201.70 for goods and services, a decrease from $255,538,060.83, reflecting cost control measures[45] Assets and Liabilities - Total assets increased by 3.01% to CNY 3,796,211,879.27 compared to the end of the previous year[6] - The total liabilities as of March 31, 2017, amounted to CNY 1,368,340,208.76, compared to CNY 1,274,005,028.40 at the beginning of the year[26] - The company's total equity as of March 31, 2017, was CNY 2,025,171,244.67, up from CNY 2,012,838,319.77, showing a growth of 0.6%[30] - Cash and cash equivalents at the end of Q1 2017 were CNY 1,139,218,613.02, an increase from CNY 1,067,582,083.17 at the beginning of the year, reflecting a growth of 6.7%[29] Shareholder Information - The total number of shareholders reached 78,244 by the end of the reporting period[11] - The largest shareholder, Shanghai Pengsheng Technology Industry Co., Ltd., holds 23.51% of the shares[11] Expenses - Sales expenses increased by CNY 3,170,354.11, a rise of 36.89%, primarily due to increased freight and business expenses resulting from higher sales revenue[19] - Financial expenses increased by CNY 4,932,033.66, a growth of 51.40%, mainly due to higher interest expenses compared to the previous year[19] - The company reported a significant increase in sales expenses, which rose to CNY 11,765,511.15 from CNY 8,595,157.04, an increase of 37.5%[34] - The company’s financial expenses increased to CNY 14,528,217.18 from CNY 9,596,183.51, reflecting a rise of 51.5%[34] Investment Activities - Investment income increased by CNY 836,840.77, attributed to higher financial management income compared to the previous year[19] - The investment activities resulted in a net cash outflow of CNY 18,589,776.62, indicating ongoing investments in growth despite the cash outflow[42] - The company received $200,000,000.00 from investment recoveries, indicating successful divestments or returns on investments[45] Other Financial Metrics - The weighted average return on equity increased by 0.18 percentage points to 0.62%[6] - Non-recurring gains and losses totaled CNY 2,701,317.93 for the reporting period[10] - Other current assets decreased by CNY 5,121,049.29, primarily due to a high amount of deductible input tax at the beginning of the period[16] - Employee compensation payable increased by CNY 1,623,712.48, representing a growth of 112.21%, mainly due to the accrual of welfare expenses, union fees, and employee education expenses[16] - Taxes payable decreased by CNY 1,394,042.89, a reduction of 40.32%, mainly due to the payment of due taxes during the period[17]