证券代码：600460 证券简称：士兰微 编号：临 2023-031 杭州士兰微电子股份有限公司 关于召开 2022 年度暨 2023 年第一季度业绩暨现金分红 说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 5 月 24 日（星期三）下午 15:00-16:30 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2023 年 5 月 17 日（星期三）至 5 月 23 日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 600460@silan.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 杭州士兰微电子股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日 发布公司《2022 年年度报告》，并已于 2023 年 4 月 29 ...

Financial Performance - The company's operating revenue for 2022 was ¥8,282,201,633.03, representing a 15.12% increase compared to ¥7,194,148,249.93 in 2021[22]. - The net profit attributable to shareholders for 2022 decreased by 30.66% to ¥1,052,416,787.13 from ¥1,517,725,588.30 in 2021[22]. - The net cash flow from operating activities dropped significantly by 78.77% to ¥203,754,613.49, down from ¥959,754,525.58 in the previous year[22]. - The total assets increased by 22.56% to ¥16,920,480,164.27 at the end of 2022, compared to ¥13,806,362,735.28 at the end of 2021[22]. - Basic earnings per share for 2022 were ¥0.74, a decrease of 34.51% from ¥1.13 in 2021[23]. - The weighted average return on equity fell to 15.30% in 2022, down 17.53 percentage points from 32.83% in 2021[23]. - The company reported a quarterly revenue of ¥2,001,080,840.64 in Q1 2022, with a net profit of ¥268,446,599.11 for the same period[25]. - Non-recurring gains and losses totaled ¥421,159,723.76 for 2022, compared to ¥622,416,824.47 in 2021[26]. - The net assets attributable to shareholders increased by 15.03% to ¥7,373,712,748.30 at the end of 2022 from ¥6,410,496,754.49 at the end of 2021[22]. Dividend Policy - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares, totaling approximately 141.61 million CNY (including tax) based on a total share capital of 1,416,071,845 shares as of December 31, 2022[5]. - The company has maintained a consistent approach to profit distribution, with adjustments to per-share distribution ratios if total share capital changes due to various corporate actions[5]. - The company’s cash dividend policy requires a minimum of 30% of the average distributable profit over three years to be distributed as cash dividends[178]. Risk Management - The company has outlined potential risks in its future development in the management discussion and analysis section of the report[7]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[6]. - The company is enhancing its cash flow management and cost control measures to mitigate risks associated with potential order shortfalls and macroeconomic uncertainties[136]. - The company is actively managing supply chain risks by maintaining communication with suppliers and arranging procurement orders in advance[137]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the authenticity and completeness of the financial report[4]. - The company has not reported any instances of more than half of the board members being unable to guarantee the authenticity and completeness of the annual report[7]. - The company has established a comprehensive internal control management system in accordance with regulations from the China Securities Regulatory Commission and the Shanghai Stock Exchange, continuously optimizing its governance structure and internal control system[189]. - The company conducted 4 meetings of the Audit Committee during the reporting period, reviewing annual reports and quarterly financial statements[169]. - The company has conducted 5 shareholder meetings in 2022, ensuring compliance with regulations and protecting the rights of minority shareholders[144]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27]. - The company is focusing on expanding its market presence in the automotive and new energy sectors, leveraging its IDM model and high-end customer base[30]. - The company aims to enhance its product offerings through R&D in advanced automotive and industrial power management products, as well as MEMS sensor technologies[74]. - The company is actively pursuing large customer orders and expanding its domestic market presence to counteract potential declines in demand from downstream enterprises[136]. - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share within the next two years[158]. Research and Development - The company has developed a sustainable R&D system, focusing on various semiconductor products, including high-voltage BCD, IGBT, and SiC-MOSFET devices, ensuring product diversity and supporting various product lines[49]. - The R&D expenses increased to 711,075,805.28 CNY, reflecting a 21.16% rise from the previous year[56]. - The company expects to increase its R&D expenditure to approximately 881 million yuan in 2023, which is an increase of about 18.5% compared to 2022[141]. - The company is committed to continuous product development and industrialization, adapting to market changes and maintaining sustainable growth[50]. Environmental Responsibility - The company invested approximately 35.5 million yuan in environmental protection during the reporting period[192]. - The total discharge of water pollutants from the company was 170.45 million tons, which is within the approved discharge limit of 212.94 million tons[194]. - The company achieved compliance with all major pollutant discharge standards, including pH, COD, and ammonia nitrogen, across its facilities[195]. - The company has established online monitoring systems for wastewater pollutants, with real-time data uploaded to the ecological environment bureau[199]. Subsidiary Performance - The company’s subsidiary, Hangzhou Silan Integrated Circuit Co., Ltd., reported total assets of RMB 1.97515 billion and a net profit of -RMB 14.6 million for the year 2022[97]. - The company’s subsidiary, Shenzhen Shenlan Microelectronics Co., Ltd., reported total assets of RMB 146.68 million and a net profit of -RMB 1.518 million for the year 2022[98]. - Total assets of Hangzhou Silan Mingxin Technology Co., Ltd. reached 979.2 million yuan with a net profit of -88.52 million yuan for 2022[99]. - Chengdu Silan Semiconductor Manufacturing Co., Ltd. reported total assets of 1.7677 billion yuan and a net profit of 25.32 million yuan for 2022[100]. Future Outlook - The company provided a positive outlook for 2023, projecting a revenue growth of 12% to 15% based on anticipated market expansion and new product launches[156]. - The company plans to achieve approximately 11 billion yuan in total revenue for 2023, indicating a growth of around 33% compared to 2022, while controlling total costs at about 9.5 billion yuan, a 30% increase from the previous year[134]. - The company is positioned to leverage the growing market opportunities in sectors such as green appliances, smart manufacturing, and electric vehicles[116].

Financial Performance - The company's operating revenue for Q3 2022 was ¥2,059,497,093.02, representing a year-on-year increase of 7.63%[4] - The net profit attributable to shareholders for Q3 2022 was ¥175,044,449.35, a decrease of 41.01% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥167,237,885.28, down 41.40% year-on-year[4] - The basic earnings per share for Q3 2022 was ¥0.12, reflecting a decline of 45.45% compared to the previous year[4] - Total operating revenue for the first three quarters of 2022 reached ¥6,244,440,770.66, an increase of 19.6% compared to ¥5,222,002,604.31 in the same period of 2021[15] - Net profit for the third quarter of 2022 was ¥761,532,377.34, compared to ¥723,430,461.10 in the same quarter of 2021, reflecting a growth of 5.3%[17] - The company reported a total comprehensive income of ¥763,110,910.88 for the third quarter of 2022, compared to ¥724,176,201.94 in the same quarter of 2021, reflecting an increase of 5.4%[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,656,925,098.26, an increase of 13.40% from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was ¥7,083,582,007.22, up 10.50% year-on-year[5] - Current assets totaled approximately RMB 7.38 billion, up from RMB 6.85 billion year-over-year, indicating an increase of about 7.7%[12] - The company's total liabilities increased to ¥7,884,716,292.15 in Q3 2022, compared to ¥6,697,782,949.95 in Q3 2021, marking a rise of 17.7%[16] - The total liabilities decreased slightly to approximately RMB 4.98 billion from RMB 5.01 billion, a reduction of about 0.4%[13] Cash Flow - The company's cash flow from operating activities showed a significant decline of 99.86% year-to-date, totaling ¥660,573.11[4][8] - The cash inflow from operating activities for the first three quarters of 2022 was approximately ¥3.75 billion, compared to ¥2.89 billion in the same period of 2021, representing an increase of 29.7%[19] - The net cash flow from operating activities for the first three quarters of 2022 was ¥660,573.11, a significant decrease from ¥470.85 million in the same period of 2021[20] - The cash and cash equivalents at the end of the third quarter of 2022 were approximately ¥1.54 billion, a decrease from ¥2.43 billion at the end of the same period in 2021[20] - The company received cash from borrowings amounting to approximately ¥3.61 billion in the first three quarters of 2022, compared to ¥2.06 billion in 2021, reflecting a 75.5% increase in financing through loans[20] Investment and R&D - The company plans to increase R&D investment in analog integrated circuits, power semiconductors, MEMS sensors, and advanced compound devices to maintain revenue growth[8] - Research and development expenses for the third quarter of 2022 were ¥496,699,273.05, an increase of 22.6% from ¥405,010,389.82 in the same quarter of 2021[16] - The company reported a significant increase in contract liabilities to approximately RMB 35.07 million from RMB 9.99 million, reflecting a growth of about 250%[13] - The cash outflow for purchasing fixed assets and intangible assets in the first three quarters of 2022 was approximately ¥1.17 billion, compared to ¥674.51 million in 2021, indicating a 73.8% increase in capital expenditures[20] Other Financial Metrics - The overall gross profit margin decreased by 7.30 percentage points compared to the same period last year, resulting in a reduction of gross profit by approximately ¥99,746,700[8] - The company experienced a decrease in investment income from joint ventures by ¥18,211,600 due to losses from its associate company[8] - The company's long-term equity investments grew to approximately RMB 1.09 billion from RMB 893.42 million, an increase of about 22%[13] - Investment losses for the third quarter of 2022 were reported at ¥93,386,026.27, compared to a loss of ¥40,133,164.67 in the same quarter of 2021, indicating a significant increase in losses[16] - The impact of exchange rate changes on cash and cash equivalents was approximately ¥13.76 million in the first three quarters of 2022, compared to ¥5.91 million in 2021, reflecting a 133.5% increase in foreign exchange impact[20]

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, reaching approximately 1.5 billion CNY, representing a year-on-year growth of 25%[12]. - The company's operating revenue for the first half of 2022 was approximately ¥4.18 billion, representing a 26.49% increase compared to ¥3.31 billion in the same period last year[18]. - The net profit attributable to shareholders for the same period was approximately ¥599 million, a 39.12% increase from ¥431 million year-on-year[18]. - Future guidance indicates a revenue target of 3 billion CNY for the full year 2022, reflecting a growth rate of 20% compared to 2021[12]. - The company reported a basic earnings per share of ¥0.42 for the first half of 2022, up 27.27% from ¥0.33 in the same period last year[19]. - The company's net profit increased, leading to an increase in undistributed profits by 23.85%, amounting to an increase of 599.34 million RMB[55]. - The company reported a total comprehensive income of CNY 594,187,769.36 for the first half of 2022, compared to CNY 421,582,570.16 in the same period of 2021, reflecting a growth of 41.0%[135]. Revenue Breakdown - The revenue from integrated circuits was 1.353 billion RMB, up 20.80% year-on-year, driven by increased shipments of new circuit products[29]. - The revenue from IPM modules exceeded 660 million RMB, representing a growth of over 60% compared to the previous year, with significant applications in various household and industrial products[29]. - The revenue from discrete devices was 2.275 billion RMB, showing a growth of 33.13% year-on-year, with strong performance in MOSFET and IGBT products[30]. - The revenue from MEMS sensor products reached 150 million RMB, a 7.8% increase year-on-year, with a domestic market share exceeding 20%[30]. - The revenue from LED products was 364 million RMB, an increase of 23.75% year-on-year, despite challenges in the domestic market[32]. Research and Development - The company has allocated 200 million CNY for R&D in advanced semiconductor technologies, focusing on SiC power devices and MEMS[12]. - The company has made significant investments in new product development, including high-voltage BCD and advanced MOSFET technologies[25]. - The company's R&D investment totaled ¥32,531.74 million, which is 7.77% of operating revenue, with 2,793 R&D personnel making up 38.37% of total employees[63]. - Research and development expenses rose by 23.78% to ¥314,438,599.36, up from ¥254,040,447.10, reflecting increased investment in personnel and depreciation[48]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by the end of 2023[12]. - The company aims to become a comprehensive semiconductor product supplier with independent brands and international competitiveness, focusing on the IDM model and high-end markets[46]. - The company is targeting high-threshold industries and clients to promote the adoption of domestic chips, particularly in the automotive and new energy sectors[46]. - The company plans to enhance production capacity and technology platforms for advanced power management chips and MEMS sensor products, with ongoing development in multiple manufacturing lines[46]. Financial Position and Cash Flow - The company maintains a strong cash position with over 500 million CNY in liquid assets, providing flexibility for future investments[12]. - The net cash flow from operating activities was negative at approximately -¥239 million, a decrease of 255.60% compared to a positive cash flow of ¥153 million in the previous year[18]. - The total assets at the end of the reporting period were approximately ¥15.34 billion, an increase of 11.14% from ¥13.81 billion at the end of the previous year[18]. - The company's total liabilities reached CNY 7,599,270,860.89, compared to CNY 6,697,782,949.95, which is an increase of approximately 13.4%[128]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and increased competition in the semiconductor industry[12]. - The semiconductor supply chain is impacted by the COVID-19 pandemic, with reliance on external suppliers for key materials and equipment, prompting the company to strengthen communication with suppliers and ensure supply security[78]. - The company is focusing on cash flow management and cost control to prepare for potential market fluctuations[77]. Environmental Compliance and Sustainability - The company is committed to maintaining compliance with environmental standards, with all major pollutants from its subsidiaries meeting discharge limits[86]. - The company has implemented comprehensive pandemic prevention measures to mitigate supply chain disruptions caused by COVID-19[78]. - Silan has developed multiple energy-efficient products, including AC-DC power circuits and LED lighting control chips, aligning with China's low-carbon economic goals[98]. - The company has established a detailed inspection and maintenance system for wastewater and air pollution control facilities, ensuring effective operation through regular third-party evaluations[91]. Shareholder Information - The total number of ordinary shareholders reached 218,272 by the end of the reporting period[119]. - The largest shareholder, Hangzhou Silan Holdings Co., Ltd., holds 513,503,234 shares, representing 36.26% of the total shares[120]. - The company has issued guarantees for multiple project loans and working capital loans, with amounts ranging from 1.5 million RMB to 40 million RMB[111]. Accounting Policies and Financial Management - The company’s financial statements comply with the requirements of the enterprise accounting standards, reflecting a true and complete financial status[154]. - The company recognizes revenue at the point when the customer obtains control of the goods or services, which occurs when the product is delivered and accepted by the customer[194]. - The company assesses the recoverability of deferred tax assets based on the likelihood of generating sufficient taxable income in future periods[198]. - The company applies expected credit loss measurement methods to other receivables, ensuring compliance with relevant accounting standards[167].

Financial Performance - The company's operating revenue for Q1 2022 was ¥2,001,080,840.64, representing a year-on-year increase of 35.65%[4] - The net profit attributable to shareholders for Q1 2022 was ¥268,446,599.11, reflecting a growth of 54.54% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥260,057,461.75, which is an increase of 59.41% year-on-year[4] - Basic earnings per share for Q1 2022 were ¥0.19, up by 46.15% from the previous year[4] - Net profit for Q1 2022 reached CNY 266,726,314.40, a significant increase from CNY 159,144,222.83 in Q1 2021, representing a growth of approximately 67.6%[17] - Total operating profit for Q1 2022 was CNY 303,517,693.25, compared to CNY 177,423,457.91 in Q1 2021, indicating an increase of approximately 70.9%[17] - Total comprehensive income for Q1 2022 was CNY 266,594,380.36, compared to CNY 159,351,394.96 in Q1 2021, reflecting an increase of about 67.2%[18] Assets and Liabilities - The total assets at the end of the reporting period were ¥14,268,784,203.82, a 3.35% increase from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was ¥6,680,224,195.60, which is a 4.21% increase compared to the previous year[5] - The total assets of the company reached CNY 14,268,784,203.82, an increase from CNY 13,806,362,735.28, marking a growth of 3.3%[14] - The total liabilities amounted to CNY 6,892,197,262.09, compared to CNY 6,697,782,949.95, reflecting an increase of 2.9%[14] - The equity attributable to shareholders increased to CNY 6,680,224,195.60 from CNY 6,410,496,754.49, a rise of 4.2%[14] Cash Flow - The company reported a net cash flow from operating activities of -¥290,183,494.04, indicating a significant cash outflow due to increased purchases of raw materials and tax payments[4][8] - Cash inflow from operating activities totaled CNY 1,202,421,561.59 in Q1 2022, compared to CNY 820,281,575.10 in Q1 2021, marking a growth of about 46.5%[19] - The company reported a net cash outflow from operating activities of CNY -290,183,494.04 in Q1 2022, compared to CNY -35,533,371.21 in Q1 2021, reflecting a worsening cash flow situation[19] - Investment activities resulted in a net cash outflow of CNY -305,800,970.48 in Q1 2022, compared to CNY -221,345,346.82 in Q1 2021, indicating increased investment expenditures[19] - The net cash flow from financing activities was 403,216,433.27 CNY, compared to 104,697,226.13 CNY in the previous period, indicating a significant increase[20] Expenses - The total operating costs for Q1 2022 were CNY 1,659,020,431.17, up from CNY 1,297,210,732.03 in Q1 2021, reflecting a growth of 28%[15] - Research and development expenses increased to CNY 140,628,927.74 in Q1 2022, up from CNY 114,045,865.31 in Q1 2021, reflecting a growth of about 23.3%[17] - Sales expenses rose to CNY 24,351,153.60 in Q1 2022, compared to CNY 20,805,352.49 in Q1 2021, an increase of approximately 16.5%[17] - Financial expenses increased to CNY 49,996,043.04 in Q1 2022, up from CNY 40,605,672.26 in Q1 2021, indicating a rise of about 23.5%[17] Cash and Equivalents - The company's cash and cash equivalents decreased to CNY 2,139,310,403.06 from CNY 2,323,436,127.95, a decline of 7.9% year-over-year[12] - Cash and cash equivalents at the end of the period totaled 2,113,920,473.82 CNY, down from 2,305,514,649.09 CNY at the beginning of the period, reflecting a decrease of 191,594,175.27 CNY[20] Borrowings and Financing - The company reported a decrease in short-term borrowings to CNY 2,450,461,181.27 from CNY 2,170,735,321.02, an increase of 12.9%[13] - Long-term borrowings increased significantly to CNY 963,798,859.31 from CNY 356,288,520.82, a growth of 170%[14] - The company received 1,473,374,865.00 CNY from borrowings, which is an increase from 881,000,000.00 CNY in the previous period[20] - The cash paid for debt repayment was 889,102,080.00 CNY, compared to 658,093,529.55 CNY previously, showing an increase in debt servicing[20] - The company distributed dividends and interest payments totaling 37,620,637.45 CNY, up from 31,773,606.38 CNY in the previous period[20] Government Subsidies - The company received government subsidies amounting to ¥14,007,217.00, which are closely related to its normal business operations[6] Accounting Practices - The company did not apply the new accounting standards for the current year, indicating a continuation of previous accounting practices[20]

Group 1: Market Outlook and Revenue Goals - The global semiconductor market is expected to continue growing, with an emphasis on technology and scale improvements rather than price increases [2] - The company's revenue target for 2022 is approximately CNY 10 billion, with key growth areas including IPM modules, PIM modules, MEMS sensors, and various power circuit products [2] Group 2: Product Development and Strategic Focus - The company will focus on power management products for automotive and industrial applications, power ICs, signal chains, and MEMS sensors [2] - The IGBT products used in IPM modules are categorized under integrated circuits, while those for new energy vehicles and industrial applications fall under discrete devices [2][3] Group 3: Production Capacity and Infrastructure - The 12-inch production line's second phase is expected to commence production in Q4 2022, aiming for a capacity of 60,000 wafers per month by the end of 2022 [5] - The 8-inch line primarily produces power semiconductors, MEMS sensors, and BCD circuits, with automotive-grade IGBT and MOSFETs being produced on the 12-inch line [6] Group 4: Financial Considerations and Risks - The depreciation of the 8-inch line has a minimal impact on gross margin due to increased output, while the 12-inch line's depreciation is still being accounted for [8] - Changes in accounting policies regarding freight costs have a minor effect on gross margin [8] - The company holds 11,627,683 shares of Anlu Technology, which are subject to a 12-month lock-up period [9] Group 5: Investment and Risk Advisory - Investors are advised to refer to official announcements on the Shanghai Stock Exchange and other legal disclosure media for accurate company information [10]

Financial Performance - The company's operating revenue for 2021 was approximately CNY 7.19 billion, representing a 68.07% increase compared to CNY 4.28 billion in 2020[19]. - The net profit attributable to shareholders for 2021 was approximately CNY 1.52 billion, a significant increase of 2,145.25% from CNY 67.60 million in 2020[19]. - The net cash flow from operating activities for 2021 was approximately CNY 959.75 million, up 561.78% from CNY 145.03 million in 2020[19]. - The company's total assets at the end of 2021 were approximately CNY 13.81 billion, a 40.31% increase from CNY 9.84 billion at the end of 2020[19]. - The basic earnings per share for 2021 was CNY 1.13, compared to CNY 0.05 in 2020, reflecting a 2,160.00% increase[20]. - The weighted average return on equity for 2021 was 32.83%, an increase of 30.85 percentage points from 1.98% in 2020[20]. - The company reported a net profit of approximately CNY 790.14 million in Q4 2021, significantly higher than the previous quarters due to gains from the fair value changes of its investments[22]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.00 CNY per 10 shares, totaling approximately 141.61 million CNY (including tax) based on a total share capital of 1,416,071,845 shares as of December 31, 2021[4]. - The company has a three-year dividend return plan for shareholders from 2021 to 2023[88]. - The total number of shares held by the board members decreased from 53,486,090 at the beginning of the year to 52,527,652 at the end of the year, a reduction of 958,438 shares[90]. - The total pre-tax compensation received by the board members during the reporting period amounted to 1,800.74 million yuan[90]. Research and Development - The company invested CNY 586,888,915.57 in R&D, which is a 36.88% increase from the previous year[38]. - The number of R&D personnel was 2,675, accounting for 38.88% of the total workforce, with 400 holding master's degrees and 10 holding doctoral degrees[51]. - The company is focusing on expanding its product lines, including power semiconductor products and MEMS sensors, to meet market demands[34]. - The company is committed to enhancing its research and development in MEMS sensors, targeting improvements in performance metrics for various sensor products[76]. Market and Growth Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]. - The company is focusing on high-end markets, particularly in automotive and new energy sectors, leveraging its integrated design and manufacturing (IDM) model[75]. - The company is strategically positioned to benefit from national policies promoting digital economy and infrastructure development[74]. - The company expects to achieve approximately 10 billion yuan in total operating revenue for 2022, representing a growth of about 39% compared to 2021[78]. Environmental and Compliance - The company has established wastewater treatment systems and air pollution control facilities, which have passed acceptance checks and are regularly maintained by third-party companies[128]. - The company adheres to environmental management standards such as ISO9001 and ISO14001, actively promoting energy conservation and emission reduction initiatives[133]. - The company has not faced any administrative penalties for environmental issues during the reporting period[131]. - The company has implemented an emergency response plan for environmental incidents, ensuring effective handling of such events to minimize impacts[129]. Audit and Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[3]. - The board of directors has ensured the authenticity, accuracy, and completeness of the annual report[2]. - The company has established a comprehensive internal control management system, which has been effectively executed, ensuring compliance and operational integrity[120]. - The audit report confirms that the financial statements fairly reflect the financial position and operating results of the company as of December 31, 2021[176]. Financial Position and Assets - The company's total assets at the end of the reporting period amounted to ¥13,801,000,000, with cash and cash equivalents representing 16.83% of total assets[54]. - The net assets attributable to shareholders at the end of 2021 were approximately CNY 6.41 billion, an 85.92% increase from CNY 3.45 billion at the end of 2020[19]. - The total liabilities amounted to RMB 6.698 billion, reflecting a growth of 25.59% year-over-year[161]. - The asset-liability ratio decreased to 48.51%, down by 5.68 percentage points from the previous year[161]. Related Party Transactions - The company has engaged in various related party transactions, including those with Youwang Electronics and Shiteng Technology, reflecting ongoing business relationships[99]. - The company provided guarantees for its associates, with a guarantee balance of CNY 549 million for Silan Jike and CNY 276 million for Silan Mingjia as of the end of the reporting period[148]. - The company has no overdue loans or impairment provisions related to entrusted loans[153]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 6,880, with 1,132 in the parent company and 5,748 in subsidiaries[109]. - The company conducted over 500 training sessions for employees across various levels and positions in 2021, enhancing professional skills and knowledge[111]. - The company has maintained stable leadership with key executives holding their positions since June 2019[90]. Future Outlook - The company plans to invest approximately 755 million yuan in R&D for 2022, up from about 628 million yuan in 2021, which was 108.27% of the annual plan[83]. - The company is committed to enhancing its supply chain management to ensure the safety of supplies amid global supply chain disruptions caused by the pandemic[80]. - The company is expected to continue rapid revenue growth with the launch of its 8-inch chip production line and the acceleration of compound semiconductor device production[29].

Financial Performance - The company's operating revenue for Q3 2021 was ¥1,913,513,384.09, representing a year-on-year increase of 51.98%[4] - The net profit attributable to shareholders for Q3 2021 was ¥296,756,440.07, a significant increase of 2,075.21% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the first nine months of 2021 was ¥687,264,713.77, reflecting a year-on-year increase of 14,883.51%[4] - Total operating revenue for Q3 2021 reached ¥5,222,002,604.31, a significant increase from ¥2,964,007,483.65 in the same period last year, representing a growth of approximately 76.1%[20] - Operating profit for Q3 2021 was ¥802,233,444.30, compared to a loss of ¥35,636,986.19 in Q3 2020, indicating a strong recovery[21] - Net profit for Q3 2021 was ¥723,430,461.10, a substantial improvement from a net loss of ¥25,792,683.82 in the previous year[21] - Basic earnings per share for Q3 2021 was ¥0.551, compared to ¥0.034 in Q3 2020, indicating improved profitability on a per-share basis[22] - Total comprehensive income for Q3 2021 was ¥724,176,201.94, a significant recovery from a loss of ¥26,461,752.46 in the same quarter of the previous year[22] Assets and Liabilities - The total assets at the end of Q3 2021 reached ¥12,686,095,031.17, marking a 28.92% increase from the end of the previous year[5] - The total equity attributable to shareholders at the end of Q3 2021 was ¥5,710,688,582.52, reflecting a 65.62% increase from the end of the previous year[5] - The company's total liabilities rose to CNY 6.38 billion, compared to CNY 5.33 billion, marking an increase of approximately 19.7%[18] - The equity attributable to shareholders reached CNY 5.71 billion, up from CNY 3.45 billion, which is an increase of about 65.7%[18] Cash Flow - The company’s cash flow from operating activities for the first nine months of 2021 showed a positive increase of ¥53,367.38 million compared to the previous year[9] - Cash flow from operating activities for the first three quarters of 2021 was ¥3,115,976,774.44, compared to ¥2,256,789,916.55 in the same period of 2020, showing a growth of approximately 37.9%[23] - The net cash flow from operating activities was 470,847,082.97, a significant improvement compared to -62,826,669.18 in the previous year[24] - Cash inflow from financing activities reached 3,705,999,965.80, compared to 2,588,197,296.98 in the previous year[24] - The net cash flow from financing activities was 1,547,554,801.25, a substantial increase from 569,446,538.99 year-over-year[24] - The total cash and cash equivalents at the end of the period were 2,433,201,807.62, up from 1,017,119,946.81 at the end of the previous year[24] Operational Activities - The company reported a total operating cost of ¥4,388,168,464.10 in Q3 2021, up from ¥2,994,937,451.64 in Q3 2020, reflecting increased operational activities[20] - Research and development expenses increased to ¥405,010,389.82 in Q3 2021, up from ¥274,727,972.70 in Q3 2020, reflecting a focus on innovation[20] - Cash paid to employees was 965,353,501.75, compared to 739,144,781.82 in the previous year, indicating a 30.6% increase[24] - Cash paid for taxes was 183,756,533.39, significantly higher than 86,117,036.97 in the same quarter last year, reflecting a 113.5% increase[24] Market and Strategic Outlook - The semiconductor industry maintained a favorable trend, with the company's revenue for the first nine months of 2021 increasing by 76.18% due to accelerated domestic substitution of chips[8] - The company plans to continue expanding its production capacity and product structure adjustments to enhance profitability in the semiconductor market[8] - The company has completed the issuance of shares for asset acquisition and matching funds, enhancing its capital structure and financial position[13] Inventory and Receivables - Inventory levels increased to CNY 1.59 billion from CNY 1.39 billion, showing a growth of approximately 15.1%[17] - The company reported a significant increase in accounts receivable, which reached CNY 1.66 billion, compared to CNY 1.19 billion, representing a growth of approximately 39.7%[17]

Financial Performance - Revenue for the reporting period (1-6 months) was RMB 3,308,489,220.22, a 94.05% increase compared to the same period last year[16] - Net profit attributable to shareholders of the listed company was RMB 430,824,973.98, a 1,306.52% increase year-over-year[16] - Basic earnings per share (EPS) for the reporting period was RMB 0.328, a 1,326.09% increase compared to the same period last year[17] - Weighted average return on equity (ROE) was 11.76%, an increase of 10.86 percentage points year-over-year[17] - Total operating revenue for the first half of 2021 reached 3.30849 billion yuan, a year-on-year increase of 94.05%[27] - Net profit attributable to shareholders of the parent company was 430.82 million yuan, a year-on-year increase of 1306.52%[27] - Revenue from integrated circuits reached 1.12 billion yuan, a year-on-year increase of 108.19%[27] - Revenue from IPM modules exceeded 410 million yuan, a year-on-year increase of over 150%[27] - MEMS sensor product revenue exceeded 140 million yuan, a year-on-year increase of over 290%[28] - Revenue from discrete devices reached 1.709 billion yuan, a year-on-year increase of 85.64%[28] - IGBT product revenue exceeded 190 million yuan, a year-on-year increase of over 110%[28] - LED product revenue reached 294 million yuan, a year-on-year increase of 110.84%[28] - 8-inch chip production by Shilan Jixin reached 316,500 pieces, a year-on-year increase of 33.43%[28] - LED chip production by Shilan Mingxin achieved a comprehensive gross margin of 6.87%, significantly reducing losses[28] - Mini RGB chips and silver mirror chips have entered mass production, with a current monthly output of 50,000 4-inch chips, aiming to increase to 70,000 4-inch compound chips per month by the end of 2021[29] - The company produced 57,200 12-inch chips in the first half of 2021, with a target to reach 35,000 chips per month by the end of the year, and plans to expand to 60,000 12-inch wafers per month by Q4 2022[29] - The company's SiC power device pilot line was operational in Q2 2021[29] - The company ranks third in China's integrated circuit design industry with 1,378 publicly disclosed patents[29] - Revenue increased by 94.05% to 3,308,489,220.22 yuan compared to the same period last year[37] - R&D expenses increased by 55.09% to 254,040,447.10 yuan due to increased investment in R&D[37] - Accounts receivable increased by 34.41% to 1,597,293,619.58 yuan, reflecting expanded sales scale[40] - Construction in progress increased by 56.11% to 919,840,003.67 yuan, indicating significant capital expenditure[40] - Operating cash flow turned positive to 153,454,161.51 yuan, compared to a negative 73,251,809.79 yuan in the same period last year[37] - Investment cash flow decreased by 63.84% to -435,103,856.38 yuan due to increased spending on fixed assets and long-term assets[37] - The company's operating income increased by 94.32% year-on-year in the first half of 2021, with significant growth in revenue across all three major product categories[44] - The company's accounts receivable increased by 34.41% (RMB 408.92 million) compared to the beginning of the period, driven by an increase in sales scale[41] - The company's prepayments increased by 57.16% (RMB 9.52 million) compared to the beginning of the period, mainly due to an increase in prepayment settlements[41] - The company's construction in progress increased by 56.11% (RMB 330.61 million) compared to the beginning of the period, driven by increased investment in the 8-inch chip technology upgrade project and the special power module and power device packaging and testing production line project[41] - The company's accounts payable increased by 32.89% (RMB 258.19 million) compared to the beginning of the period, mainly due to increased procurement corresponding to sales growth[41] - The company's retained earnings increased by 35.51% (RMB 409.83 million) compared to the beginning of the period, driven by a significant increase in net profit[41] - The company's integrated circuit revenue increased by 108.19% year-on-year, with a gross margin increase of 13.42 percentage points[44] - The company's LED chip inventory decreased by 32.11% year-on-year, as the LED market improved and inventory turnover accelerated[46] - The company's 8-inch chip production increased by 33.43% year-on-year, with a corresponding increase in inventory due to higher output[46] - The company's top 5 customers accounted for 14.33% of total operating revenue, with sales totaling RMB 474.20 million[44] - The total cost for electronic components in the current period is RMB 2,159,707,886.81, representing a 63.36% increase compared to the same period last year[47] - Integrated circuits accounted for 31.79% of the total cost, with a year-on-year increase of 70.78%[47] - Discrete device products accounted for 53.46% of the total cost, with a year-on-year increase of 59.63%[47] - LED products accounted for 12.32% of the total cost, with a year-on-year increase of 61.22%[47] - The 8-inch chip production line Phase II project achieved a sales revenue of RMB 22,925.64 million and a net profit of RMB 4,069.62 million in the first half of 2021[52] - The MEMS sensor expansion project achieved a sales revenue of RMB 14,296.99 million and a net profit of RMB 2,900.97 million in the first half of 2021[52] - The company's procurement from the top five suppliers amounted to RMB 583.0771 million, accounting for 25.76% of the total operating costs[49] - The 8-inch chip production line project has completed 99% of its investment, totaling RMB 2,111,681,600[52] - The company's other non-current financial assets increased by RMB 16,281,847.94, reaching RMB 78,391,651.16 at the end of the period[53] - Hangzhou Silan Integrated Circuit Co., Ltd., a subsidiary, reported a net profit of RMB 55.11 million in the first half of 2021[54] - Total assets of the company amounted to 361.47 million yuan, with liabilities of 98.21 million yuan and net assets of 263.26 million yuan. Revenue for the first half of 2021 was 1,863.7 million yuan, with a net profit of 305.2 million yuan[55] - Hangzhou Silan Mingxin Technology Co., Ltd. reported total assets of 1,092.63 million yuan, liabilities of 436.57 million yuan, and a net loss of 12.37 million yuan for the first half of 2021[55] - Chengdu Silan Semiconductor Manufacturing Co., Ltd. had total assets of 1,215.29 million yuan, liabilities of 162.24 million yuan, and a net profit of 8.69 million yuan for the first half of 2021[55] - Chengdu Jijia Technology Co., Ltd. reported total assets of 856.12 million yuan, liabilities of 322.87 million yuan, and a net profit of 23.21 million yuan for the first half of 2021. The company approved an investment of 758.45 million yuan for a new project[55] - Hangzhou Silan Jixin Microelectronics Co., Ltd. reported total assets of 3,065.03 million yuan, liabilities of 1,521.87 million yuan, and a net loss of 14.85 million yuan for the first half of 2021. The 8-inch chip production line maintained high output levels, with product gross margin increasing to 18.35%[55] - Total operating revenue for the first half of 2021 reached RMB 3,308,489,220.22, a significant increase from RMB 1,704,924,822.31 in the same period last year[102] - Net profit attributable to the parent company's shareholders was RMB 430,824,973.98, compared to RMB 30,630,637.82 in the first half of 2020[103] - Total liabilities increased to RMB 3,115,369,119.42, up from RMB 2,808,559,476.86 in the previous period[101] - R&D expenses rose to RMB 254,040,447.10, a 55.1% increase from RMB 163,805,750.88 in the first half of 2020[102] - Basic earnings per share (EPS) for the first half of 2021 was RMB 0.328, compared to RMB 0.023 in the same period last year[104] - Total owner's equity increased to RMB 3,935,410,100.93, up from RMB 3,598,812,859.85 in the previous period[101] - Operating profit for the first half of 2021 was RMB 470,227,001.27, a significant improvement from a loss of RMB 30,765,562.02 in the same period last year[103] - Sales expenses increased to RMB 59,080,334.47, up 38.3% from RMB 42,714,381.60 in the first half of 2020[102] - Total comprehensive income for the first half of 2021 was RMB 421,582,570.16, compared to a loss of RMB 21,298,112.40 in the same period last year[103] - Interest expenses increased to RMB 90,286,578.99, up 16.5% from RMB 77,481,041.58 in the first half of 2020[102] - Revenue for the first half of 2021 reached 2,671,214,109.10 RMB, a significant increase from 1,304,225,422.70 RMB in the same period of 2020[105] - Net profit for the first half of 2021 was 356,690,510.55 RMB, compared to 71,257,950.33 RMB in the first half of 2020[105] - R&D expenses increased to 108,335,487.63 RMB in the first half of 2021, up from 68,149,595.84 RMB in the same period of 2020[105] - Operating cash flow for the first half of 2021 was 153,454,161.51 RMB, a significant improvement from -73,251,809.79 RMB in the first half of 2020[107] - Cash received from sales of goods and services in the first half of 2021 was 1,644,318,087.69 RMB, compared to 1,455,672,715.71 RMB in the same period of 2020[107] - Total comprehensive income for the first half of 2021 was 357,590,226.90 RMB, up from 71,257,950.33 RMB in the first half of 2020[106] - Cash and cash equivalents at the end of the first half of 2021 were 1,009,593,559.81 RMB, down from 1,149,113,952.11 RMB at the end of the first half of 2020[108] - Interest expenses for the first half of 2021 were 44,211,119.24 RMB, compared to 35,459,314.50 RMB in the same period of 2020[105] - Cash paid for employee compensation in the first half of 2021 was 661,808,234.99 RMB, up from 517,817,289.19 RMB in the first half of 2020[107] - Cash received from financing activities in the first half of 2021 was 1,621,000,000.00 RMB, compared to 1,786,615,296.98 RMB in the same period of 2020[108] - Operating cash flow increased significantly to RMB 1,914.93 million in the first half of 2021, compared to a negative RMB 86.67 million in the same period last year[109] - Sales revenue from goods and services reached RMB 1,384.64 million, a 77.3% increase from RMB 780.85 million in the first half of 2020[109] - Cash received from tax refunds decreased slightly to RMB 16.66 million from RMB 18.89 million year-over-year[109] - Cash paid for employee compensation increased by 37.7% to RMB 153.25 million compared to RMB 111.29 million in the previous year[109] - Investment cash outflow decreased to RMB 800.02 million from RMB 2,606.42 million in the first half of 2020[109] - The company's total owner's equity increased to RMB 4,907.81 million as of June 30, 2021, up from RMB 4,507.22 million at the end of 2020[114] - Undistributed profits grew by RMB 409.83 million to reach RMB 1,563.94 million in the first half of 2021[114] - Cash and cash equivalents at the end of the period stood at RMB 634.94 million, representing a 31.0% increase from the beginning of the year[109] - The company's comprehensive income for the period amounted to RMB 421.58 million[112] - Cash received from financing activities decreased to RMB 651.00 million from RMB 805.00 million in the same period last year[109] - Total owner's equity at the end of the period reached 4,513,603,882.91 yuan, an increase from the previous period[118] - Comprehensive income for the period was 31,090,157.64 yuan, with a decrease in minority interest of 52,388,270.04 yuan[116] - Owner's equity increased by 275,434,627.60 yuan during the period, driven by owner contributions and other factors[116] - Capital reserve increased by 10,556,583.77 yuan due to owner contributions[116] - Undistributed profits grew by 30,630,637.82 yuan, contributing to the overall equity increase[116] - Minority interest increased significantly by 233,787,886.19 yuan, reflecting changes in ownership structure[116] - Parent company's owner's equity at the end of the period was 3,935,410,100.93 yuan, up from 3,598,812,859.85 yuan at the beginning[120] - Parent company's comprehensive income for the period was 357,590,226.90 yuan, with a profit distribution of 20,992,985.82 yuan[120] - Parent company's undistributed profits increased by 335,697,524.73 yuan, driven by strong performance[120] - The company's total comprehensive income for the period amounted to RMB 71,257,950.33[122] - The company's total equity at the end of the period was RMB 3,545,475,795.94[122] - The company's registered capital is RMB 1,312,061,614.00, with 1,312,061,614 shares issued[123] - The company operates in the integrated circuit industry, focusing on the R&D, production, and sales of electronic components[123] - The company has 16 subsidiaries included in the consolidated financial statements[124] - The financial statements are prepared on a going concern basis, with no significant concerns about the company's ability to continue operations for the next 12 months[125] - The company follows specific accounting policies and estimates for financial instrument impairment, fixed asset depreciation, intangible asset amortization, internal R&D expenses, and revenue recognition[126] - The company's financial statements comply with Chinese Accounting Standards, accurately reflecting the company's financial position, operating results, and cash flows[127] - The company's operating cycle is short, with assets and liabilities classified based on a 12-month liquidity standard[128] - The company uses the RMB as its functional currency and follows specific accounting treatments for business combinations under common control and non-common control[129] - Financial assets are initially classified into three categories: (1) measured at amortized cost, (2) measured at fair value with changes in other comprehensive income, and (3) measured at fair value with changes in current profit or loss[133] - Financial liabilities are initially classified into four categories: (1) measured at fair value with changes in current profit or loss, (2) financial liabilities formed due to financial asset transfers not meeting derecognition conditions, (3) financial guarantee contracts and loan commitments below market rates, and (4) measured at amortized cost[133] - Financial assets and liabilities are initially measured at fair value, with transaction costs either expensed immediately or included in the initial recognition amount depending on the classification[133] - Financial assets measured at amortized cost are subsequently measured using the effective interest method, with gains or losses recognized in current profit or loss upon derecognition or impairment[133] - Debt instruments measured at fair value with changes in other comprehensive income have interest income, impairment losses, and exchange differences recognized in current profit or loss, while other gains or losses are recognized in other comprehensive income[133] - Equity instruments measured at fair value with changes in other comprehensive income have dividends recognized in current profit or loss, while other gains or losses are recognized in other comprehensive income[133] - Financial liabilities measured at fair value with changes in current profit or loss have gains or losses (excluding those from changes in the company's own credit risk) recognized in current profit or loss[133] - Financial liabilities from financial asset transfers not meeting derecognition conditions are measured according to relevant accounting standards[133] - Financial guarantee contracts and loan commitments below market rates are subsequently measured at the higher of the loss provision amount or the initial recognition amount minus cumulative amortization[133] - Financial liabilities measured at amortized cost are subsequently measured using the effective interest method, with gains or losses recognized in current profit or loss upon derecognition or amortization[133] -

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching CNY 1.2 billion, representing a year-on-year growth of 25%[11]. - The company's operating revenue for the first half of 2021 reached ¥3,308,489,220.22, representing a 94.05% increase compared to the same period last year[16]. - Net profit attributable to shareholders was ¥430,824,973.98, a significant increase of 1,306.52% year-over-year[16]. - The basic earnings per share (EPS) for the first half of 2021 was ¥0.328, up 1,326.09% from ¥0.023 in the same period last year[17]. - The company's total operating revenue for the first half of 2021 reached ¥3,308,489,220.22, a significant increase of 94% compared to ¥1,704,924,822.31 in the same period of 2020[103]. - The net profit for the first half of 2021 was ¥421,051,986.02, compared to a net loss of ¥21,757,632.22 in the first half of 2020, marking a turnaround in profitability[104]. - The company reported a total comprehensive income of ¥421,582,570.16 for the first half of 2021, compared to a loss of ¥21,298,112.40 in the same period of 2020[104]. Growth and Market Expansion - User data showed an increase in active users by 15%, reaching 5 million active users by the end of June 2021[11]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share in the region by 2023[11]. - Future guidance indicates an expected revenue growth of 20% for the second half of 2021, driven by increased demand in the electronics sector[11]. - The company aims to capture opportunities in mid-to-high-end markets such as home appliances, communications, and new energy vehicles, enhancing product value and brand[37]. Research and Development - The company has allocated CNY 200 million for research and development in 2021, focusing on advanced manufacturing technologies[11]. - The company has established a comprehensive R&D system for sustainable product and technology development, focusing on power semiconductor products and MEMS sensors[24]. - The company is committed to enhancing R&D investment in new products such as IGBT power devices and MEMS sensors to align with market demand[58]. - The company continues to enhance its R&D capabilities in silicon-based GaN and SiC power semiconductor devices[30]. Product Development and Innovation - New product development includes the launch of a next-generation semiconductor chip, expected to enhance performance by 30% compared to the previous model[11]. - The company has developed a variety of semiconductor products, including power semiconductor chips and MEMS sensors, which are expected to have broad market prospects[23]. - The company plans to enhance its investment in MEMS sensors and power semiconductor devices, aiming to launch new products such as silicon-based GaN power devices and automotive SiC power modules[37]. Financial Position and Assets - The company's total assets increased by 9.63% to ¥10,787,449,625.10 compared to the end of the previous year[16]. - The company's total assets reached ¥7,050,779,220.35 in the first half of 2021, compared to ¥6,407,372,336.71 in the first half of 2020, indicating an increase of approximately 10%[102]. - The total assets at the end of the reporting period are CNY 4,513,603,882.91, indicating growth compared to the previous period[120]. Environmental Commitment - The company remains committed to sustainable practices, with initiatives aimed at reducing carbon emissions by 15% by 2025[11]. - The company has implemented ISO management systems such as ISO9001 and ISO14001 to ensure compliance with environmental protection policies and regulations[72]. - The company has established wastewater treatment systems and air pollution control facilities, which have passed acceptance checks and are regularly maintained by third-party services[67]. - The company has conducted environmental impact assessments for construction projects and obtained necessary environmental permits[68]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and fluctuations in raw material prices, which could impact future performance[11]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[70]. Shareholder and Equity Information - The total number of ordinary shareholders at the end of the reporting period is 196,414[89]. - The company has not reported any changes in its controlling shareholder or actual controller during the reporting period[94]. - The total current assets as of June 30, 2021, amounted to CNY 4,964,036,442.74, an increase from CNY 4,379,842,732.31 at the end of December 2020, reflecting a growth of approximately 13.3%[97]. Compliance and Governance - The company adheres to the enterprise accounting standards, ensuring the financial statements accurately reflect its financial position and operating results[129]. - The company has not reported any major litigation or arbitration matters during the reporting period[75]. - The company has maintained a good integrity status, with no significant legal or financial issues reported during the reporting period[76].