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].

Financial Performance - Net profit attributable to shareholders reached CNY 173,707,468.24, a significant increase of 7,726.86% year-on-year[4] - Operating revenue surged by 113.47% to CNY 1,475,167,520.27 compared to the same period last year[4] - Basic earnings per share increased to CNY 0.132, up 6,500.00% year-on-year[4] - The company reported a net profit excluding non-recurring gains and losses of CNY 163,139,119.33, compared to a loss of CNY 14,980,131.74 in the same period last year[4] - The net profit for Q1 2021 reached CNY 159,144,222.83, compared to a net loss of CNY 20,501,423.66 in Q1 2020[18] - The operating profit for Q1 2021 was CNY 177,423,457.91, a turnaround from a loss of CNY 23,671,944.00 in the same period last year[17] - The total comprehensive income for Q1 2021 was CNY 159,351,394.96, compared to a loss of CNY 21,085,795.90 in Q1 2020[18] Assets and Liabilities - Total assets increased by 2.94% to CNY 10,129,794,646.31 compared to the end of the previous year[4] - The company's total assets as of Q1 2021 were CNY 6,631,487,506.00, compared to CNY 6,407,372,336.71 in the previous year, indicating an increase of approximately 3.5%[16] - Total liabilities amounted to CNY 5,463,222,482.51, up from CNY 5,332,890,506.43, which is an increase of around 2.45%[14] - The total liabilities as of Q1 2021 amounted to CNY 2,896,827,549.91, compared to CNY 2,808,559,476.86 in the previous year, indicating a rise of about 3.1%[16] - Current liabilities rose to ¥3,860,254,880.38 from ¥3,682,321,805.04, reflecting an increase of approximately 4.82%[13] Cash Flow - Net cash flow from operating activities improved to -CNY 35,533,371.21, a reduction in losses compared to -CNY 93,748,469.53 in the previous year[4] - Cash inflow from operating activities reached ¥820,281,575.10 in Q1 2021, up from ¥523,560,320.42 in Q1 2020, marking a growth of approximately 56.8%[21] - The company experienced a net cash outflow from investing activities of ¥221,345,346.82 in Q1 2021, compared to a net outflow of ¥151,675,272.62 in Q1 2020[22] - Cash flow from financing activities showed a net inflow of ¥104,697,226.13 in Q1 2021, down from ¥212,997,303.42 in Q1 2020, reflecting a decrease of about 50.8%[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 128,470[6] - The largest shareholder, Hangzhou Silan Holdings Co., Ltd., held 39.14% of the shares[6] Research and Development - The company's research and development expenses rose to RMB 114,045,865.31, a 47.81% increase from RMB 77,157,236.28 in the previous year[9] - Research and development expenses increased to CNY 114,045,865.31 in Q1 2021, up from CNY 77,157,236.28 in Q1 2020, reflecting a growth of approximately 48%[17] Government Subsidies - The company received government subsidies amounting to CNY 14,355,450.09 during the reporting period[5] Other Financial Metrics - The weighted average return on net assets rose to 4.91%, an increase of 4.84 percentage points from the previous year[4] - The company reported a significant increase in management expenses by 30.59% to RMB 67,807,797.75, attributed to increased operational investments due to expanded capacity[9] - The company's cash and cash equivalents at the end of Q1 2021 were ¥938,919,463.48, down from ¥996,374,540.22 at the end of Q1 2020, indicating a decrease of approximately 5.8%[22]

Dividend Distribution - The company plans to distribute a cash dividend of 0.16 CNY per 10 shares, totaling approximately 20.99 million CNY (including tax) based on a total share capital of 1,312,061,614 shares as of December 31, 2020[3]. - The company has not reported any changes in its total share capital that would affect the proposed dividend distribution[3]. - The company is committed to maintaining a cash dividend policy that ensures at least 30% of the average distributable profit over three consecutive years is distributed[69]. Financial Performance - The company's operating revenue for 2020 was approximately CNY 4.28 billion, representing a year-on-year increase of 37.61% compared to CNY 3.11 billion in 2019[16]. - The net profit attributable to shareholders for 2020 was CNY 67.60 million, a significant increase of 365.16% from CNY 14.53 million in 2019[16]. - The net cash flow from operating activities for 2020 was CNY 145.03 million, up 9.37% from CNY 132.60 million in 2019[16]. - The company's total assets at the end of 2020 were approximately CNY 9.84 billion, reflecting a 10.40% increase from CNY 8.91 billion at the end of 2019[16]. - The basic earnings per share for 2020 was CNY 0.05, a 400% increase from CNY 0.01 in 2019[17]. - The company reported a total operating revenue for 2020 of CNY 4,280,561,779.48, an increase of 37.61% compared to 2019[34]. - The net profit attributable to shareholders of the parent company was CNY 67,600,000, representing a significant increase of 365.16% year-on-year[33]. - The operating profit was a loss of CNY 35,770,000, which is a reduction in loss by CNY 95,010,000 compared to 2019[33]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Certified Public Accountants, ensuring the accuracy and completeness of the financial report[2]. - The company’s financial report has been confirmed by its responsible persons, ensuring its authenticity and completeness[2]. - The company’s board of directors and supervisory board members were present at the board meeting, ensuring governance compliance[2]. - There are no non-operating fund occupations by controlling shareholders or their related parties, and no violations in decision-making procedures for external guarantees[4]. - The internal control self-evaluation report has been disclosed, confirming no significant deficiencies in internal controls during the reporting period[132]. - The internal control audit report has been disclosed, with a standard unqualified opinion provided by the auditor[133]. Risk Management - The company has outlined potential risks in its future development strategies, which investors should be aware of[5]. - The company emphasizes that forward-looking statements regarding future plans do not constitute substantive commitments to investors, highlighting the importance of investment risk awareness[4]. - The company’s future outlook includes a commitment to addressing identified risk factors in its strategic planning[5]. Research and Development - The company has established a comprehensive IDM (Integrated Device Manufacturer) model, enhancing product quality and accelerating R&D progress[25]. - The company has developed a sustainable R&D system, focusing on various semiconductor products including IGBT and high-density MOSFETs[27]. - The company is investing heavily in R&D for high-end power devices and MEMS sensors, contributing to increased chip output[30]. - The company plans to increase R&D expenditure to approximately 580 million RMB in 2021, up from 486 million RMB in 2020[67]. Market and Product Development - The company plans to continue expanding its semiconductor product offerings and has been recognized as a key enterprise in the national planning layout for software and integrated circuit design[23]. - The company is actively pursuing new product development and market expansion strategies to adapt to changing market conditions[27]. - The company plans to enhance its production capacity for 12-inch chips in 2021, aiming for a monthly output of 30,000 units by the fourth quarter[32]. - The company is focusing on expanding its market presence in the semiconductor industry, driven by increased demand for 5G networks and electric vehicles[58]. Environmental Compliance - The company has established wastewater treatment systems and air pollution control facilities at its subsidiaries, ensuring compliance with environmental standards[93]. - The company has implemented an environmental monitoring system for wastewater, with real-time data uploaded to the relevant environmental authorities[95]. - The company reported a total pollutant discharge of 138.82 million tons for water pollutants, with all discharge points meeting the required standards[90]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 105,639[100]. - The largest shareholder, Hangzhou Silan Holding Co., Ltd., held 513,503,234 shares, representing 39.14% of total shares[100]. - The company reported no changes in the total number of ordinary shares or share capital structure during the reporting period[98]. Employee Management - The total number of employees in the parent company is 848, while the total number of employees in major subsidiaries is 5,312, resulting in a combined total of 6,160 employees[122]. - The company has implemented a tiered salary system based on job classification and performance evaluation, covering company, team, and individual performance[123]. - The company plans to conduct over 200 training sessions in 2021 for various job levels and positions[124]. Financial Position - The company’s total assets at year-end were CNY 3,598,812,859.85, reflecting the overall financial position[162]. - The company’s retained earnings grew to ¥1,154,108,525.71 in 2020, compared to ¥1,106,156,010.16 in 2019, an increase of about 4.3%[145]. - The company’s total liabilities rose to ¥5,332,890,506.43 in 2020, up from ¥4,675,090,936.77 in 2019, reflecting an increase of approximately 14.0%[145]. Corporate Governance - The company has maintained independence from its controlling shareholder in business, personnel, assets, and financial aspects[129]. - The company has actively respected and protected the rights of stakeholders, including creditors, employees, customers, and suppliers[129]. - The company has not encountered any instances of fund occupation by the controlling shareholder or related parties as of December 31, 2020[129].

Financial Performance - Operating revenue for the first nine months rose by 33.29% to CNY 2,964,007,483.65 year-on-year[5] - Net profit attributable to shareholders decreased by 12.31% to CNY 44,273,324.48 compared to the same period last year[5] - The company reported a net profit of CNY 4,586,806.99 after deducting non-recurring gains and losses, a significant improvement from a loss of CNY -45,423,935.77 in the same period last year[5] - Total revenue for Q3 2020 reached ¥1,259,082,661.34, a significant increase from ¥783,458,805.88 in Q3 2019, representing a growth of approximately 60.7%[22] - The company's net profit for the first three quarters of 2020 was ¥2,964,007,483.65, compared to ¥2,223,768,361.77 in the same period of 2019, showing a growth of around 33.4%[22] - The net profit for Q3 2020 was ¥28.65 million, compared to ¥47.05 million in Q3 2019, reflecting a decrease of 38.9%[25] - The company's total profit for Q3 2020 was ¥28.24 million, down from ¥43.36 million in Q3 2019, indicating a decline of 34.8%[25] Cash Flow - Net cash flow from operating activities turned negative at CNY -62,826,669.18, a decrease of 226.41% year-on-year[5] - Cash flow from operating activities decreased by 226.41% to -RMB 62,826,669.18, mainly due to increased cash payments to employees[13] - The net cash flow from operating activities for Q3 2020 was -62,826,669.18 RMB, a decrease from 49,700,405.06 RMB in Q3 2019[27] - Total cash inflow from operating activities was 2,256,789,916.55 RMB, down 15.7% from 2,678,747,043.43 RMB in the same period last year[27] - The cash outflow from operating activities totaled 2,319,616,585.73 RMB, a decrease of 11.8% compared to 2,629,046,638.37 RMB in Q3 2019[27] - The net cash flow from investing activities was -511,612,537.45 RMB, an improvement from -719,649,951.80 RMB in Q3 2019[28] - Cash inflow from financing activities was 2,588,197,296.98 RMB, an increase of 37.0% compared to 1,888,435,228.65 RMB in Q3 2019[28] Assets and Liabilities - Total assets increased by 8.13% to CNY 9,638,315,406.95 compared to the end of the previous year[5] - Total liabilities amounted to approximately ¥5.14 billion, up from ¥4.68 billion, marking an increase of about 9.9%[19] - Total assets as of Q3 2020 were ¥6,077,806,320.02, compared to ¥5,403,335,991.09 in Q3 2019, marking an increase of about 12.5%[21] - Current liabilities totaled 3,386,000,509.83 RMB, unchanged from the previous year[31] - Long-term borrowings were recorded at 486,205,267.82 RMB, consistent with prior year figures[31] Shareholder Information - The total number of shareholders reached 133,306 by the end of the reporting period[9] - The largest shareholder, Hangzhou Silan Holdings Co., Ltd., holds 39.14% of the shares, with 140,500,000 shares pledged[8] Research and Development - Research and development expenses increased by 20.14% to RMB 274,727,972.70, reflecting higher investment in R&D[12] - Research and development expenses in Q3 2020 amounted to ¥110,922,221.82, up from ¥83,182,123.78 in Q3 2019, reflecting a growth of approximately 33.5%[22] Government Support - Government subsidies recognized in the current period amounted to CNY 18,101,193.98, contributing to the overall financial performance[6] Inventory and Accounts Receivable - Accounts receivable increased by 38.97% to RMB 1,152,164,019.59, primarily due to increased sales volume[12] - Inventory rose to approximately ¥1.50 billion, an increase from ¥1.42 billion, showing a growth of about 5.5%[17] Future Plans - The company plans to acquire 19.51% of Hangzhou Jihua Investment Co., Ltd. and 20.38% of Hangzhou Silan Microelectronics Co., Ltd. through a share issuance[14] - The company anticipates uncertainties regarding the approval of the proposed asset acquisition and fundraising plan[14] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[22]

Financial Performance - The company reported a significant increase in revenue for the first half of 2020, with a year-on-year growth of 15%[10]. - The company's operating revenue for the first half of 2020 was ¥1,704,924,822.31, representing an increase of 18.37% compared to the same period last year[15]. - The net profit attributable to shareholders decreased by 47.02% to ¥30,630,637.82 from ¥57,812,582.87 in the previous year[15]. - The basic earnings per share fell by 47.73% to ¥0.023, down from ¥0.044 in the same period last year[16]. - The company has set a performance guidance for the second half of 2020, projecting a revenue increase of 10% compared to the first half[10]. - The company's total revenue from the top five customers was CNY 27,763.94 million, accounting for 16.29% of total revenue[32]. - The company reported a net profit of CNY 222.36 million from the second phase of the 8-inch chip production line project during the first half of 2020[41]. - The company reported a total comprehensive income for the first half of 2020 of CNY 71,257,950.33, compared to a comprehensive income of CNY 40,794,815.83 in the same period of the previous year[101]. Research and Development - The company has allocated $10 million for research and development in advanced semiconductor technologies for the upcoming fiscal year[10]. - The company has established a comprehensive R&D system for sustainable product and technology development, focusing on power semiconductor products and MEMS sensors[22]. - Research and development expenses rose by 12.58% to CNY 163,805,750.88, reflecting the company's commitment to increasing R&D investment[29]. - The company is increasing R&D investment in new products such as IGBT, high-voltage integrated circuits, and MEMS sensors to mitigate innovation risks and align with market demand[48]. Market Expansion and Product Development - User data showed an increase in active users by 20%, reaching a total of 1.2 million users[10]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2021[10]. - New product development includes the launch of a next-generation power semiconductor, expected to contribute an additional $50 million in revenue in 2021[10]. - The company is focusing on the development of new products, including fast-charging chipsets for smartphones, which have seen significant increases in shipment volumes[27]. Financial Stability and Integrity - There are no reported non-operational fund occupations by controlling shareholders or related parties, ensuring financial integrity[4]. - The company remains committed to maintaining compliance with regulatory requirements and enhancing transparency in its financial reporting[4]. - The company has maintained good integrity during the reporting period, with no significant debts or regulatory issues reported[54]. - The company has not proposed any profit distribution or capital reserve increase for the first half of 2020, with no dividends or stock bonuses planned[50]. Environmental Compliance - The company is a key pollutant discharge unit in Zhejiang Province and Chengdu City, with specific emissions data reported[64][65]. - The total emissions of water pollutants for the first half of 2020 were 65.04 tons, with all measured pollutants meeting discharge standards[64]. - The company has established wastewater treatment systems and air pollution control facilities, which have passed inspection and are maintained regularly by third-party services[68]. - An emergency response plan for environmental incidents has been developed and approved, with regular training and drills conducted to ensure effective response[70]. Asset and Liability Management - The company's total assets increased by 5.80% to ¥9,430,622,341.26 compared to the end of the previous year[15]. - The total liabilities of the company were CNY 4,917,018,458.35 as of June 30, 2020, compared to CNY 4,675,090,936.77 at the end of 2019, representing an increase of approximately 5.2%[83]. - The company's short-term borrowings increased by 18.39% to CNY 2,056,236,816.75, reflecting an expansion in financing activities[36]. - The company's accounts receivable decreased by 23.66% to CNY 83,461,062.47, attributed to increased settlements via bills[36]. Inventory and Receivables Management - The total inventory at the end of the period is 1,523,781,885.57 RMB, with a provision for inventory depreciation of 75,466,947.79 RMB[196]. - The total accounts receivable at the end of the period amounted to ¥1,007,430,000.00, with a bad debt provision of ¥70,775,719.49, resulting in a provision ratio of 7.02%[177]. - The provision for bad debts amounted to ¥70,775,719.49, representing approximately 7% of the total accounts receivable[174]. - The company has fully provided for bad debts for Fujian Furi Optoelectronics Co., Ltd. and Yichang Huisheng Optoelectronics Co., Ltd., totaling ¥2,860,523.88, due to their bankruptcy proceedings[175]. Changes in Accounting Policies - The company adopted the new revenue recognition standard effective January 1, 2020, adjusting "advances received" to "contract liabilities" amounting to ¥7,253,953.99 and ¥3,409,037.70 in the consolidated and parent company balance sheets respectively[149]. - The company has not identified any significant changes in accounting policies or estimates that would impact previous financial results[149]. - The company has established specific accounting policies and estimates for financial instrument impairment, fixed asset depreciation, and revenue recognition[105]. Shareholder Information - As of the end of the reporting period, the total number of common stock shareholders was 151,704[75]. - The largest shareholder, Hangzhou Silan Holdings Co., Ltd., holds 513,503,234 shares, representing 39.14% of total shares[76]. - The top ten shareholders include state-owned and private entities, with no significant changes in shareholding during the reporting period[76].

Financial Performance - Operating revenue for the period was ¥691,035,925.16, representing a year-on-year increase of 4.67%[5] - Net profit attributable to shareholders was ¥2,219,375.09, a decrease of 90.43% compared to the same period last year[5] - The weighted average return on equity decreased by 0.6 percentage points to 0.07%[5] - Basic and diluted earnings per share were both ¥0.002, down 88.89% from ¥0.018 in the previous year[5] - The company reported a net loss of -$23,569,855.53 for Q1 2020, compared to a net loss of -$9,978,145.96 in Q1 2019[20] - The company's net profit for the period is projected to be a loss or show significant changes compared to the same period last year[12] - The total comprehensive income for Q1 2020 was CNY 28,552,764.56, compared to CNY 19,538,524.11 in Q1 2019, reflecting an increase of 46.5%[23] Cash Flow - The net cash flow from operating activities was -¥93,748,469.53, compared to -¥10,444,141.57 in the previous year[5] - The net cash flow from operating activities decreased by 8330.43 million RMB compared to the same period last year, primarily due to a reduction in cash received from tax refunds and sales of goods and services[12] - The company reported a net cash flow from operating activities of -CNY 93,748,469.53 in Q1 2020, compared to -CNY 10,444,141.57 in Q1 2019, indicating a worsening cash flow situation[24] - The cash flow from operating activities showed a decline in sales cash receipts, totaling 388,804,741.51 RMB, down from 592,880,124.34 RMB in Q1 2019[26] - The company reported a net cash outflow from investment activities of 81,461,728.96 RMB, a recovery from a much larger outflow of -108,141,994.74 RMB in Q1 2019[26] - The total cash inflow from investment activities was 190,096,615.00 RMB, compared to only 5,006,000.00 RMB in Q1 2019, indicating a substantial increase in investment recovery[26] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,147,355,648.62, an increase of 2.63% compared to the end of the previous year[5] - Total current assets as of March 31, 2020, amounted to 3,956,698,200.70 RMB, an increase from 3,812,313,831.53 RMB at the end of 2019[14] - The total assets as of March 31, 2020, were 9,147,355,648.62 RMB, compared to 8,913,260,192.08 RMB at the end of 2019[16] - The total liabilities increased to 4,929,585,912.97 RMB from 4,675,090,936.77 RMB at the end of 2019[16] - Current liabilities reached approximately $3.39 billion, with short-term borrowings accounting for about $1.74 billion[29] - Total liabilities were approximately $4.68 billion, with non-current liabilities totaling about $1.29 billion[30] Shareholder Information - The number of shareholders at the end of the reporting period was 135,123[8] - The largest shareholder, Hangzhou Silan Holdings Co., Ltd., held 39.14% of the shares[8] - Shareholders' equity totaled approximately $4.24 billion, with equity attributable to the parent company amounting to about $3.38 billion[30] Expenses and Costs - Total operating costs for Q1 2020 were $737,819,494.85, up from $694,030,055.46 in Q1 2019, reflecting a year-over-year increase of 6.3%[20] - Research and development expenses for Q1 2020 were $77,157,236.28, up from $73,469,033.21 in Q1 2019, reflecting a growth of 5.5%[20] - The company incurred a financial expense of CNY 14,432,963.35 in Q1 2020, a decrease from CNY 15,152,398.79 in Q1 2019[22] - The company reported a decrease in sales expenses to CNY 6,826,169.13 in Q1 2020 from CNY 6,236,298.10 in Q1 2019, indicating improved cost management[22] Changes in Financial Indicators - Significant changes in financial indicators included a 44.68% increase in prepayments and a 67.04% increase in other current assets[10] - The company reported a decrease in credit impairment losses by 90.51% compared to the same period last year, primarily due to a reduction in bad debt provisions[12] - The company's inventory as of March 31, 2020, was 1,575,818,868.01 RMB, an increase from 1,421,591,855.70 RMB at the end of 2019[14] - The company's long-term equity investments increased to 675,480,782.30 RMB from 618,341,413.25 RMB at the end of 2019[14] Accounting Standards - The company adopted new revenue recognition standards effective January 1, 2020, which did not impact prior financial results[30] - The adjustment of "prepayments" to "contract liabilities" was made, reflecting a value of $3.41 million due to the implementation of the new revenue recognition standards[33] - The company did not make retrospective adjustments to prior financial statements due to the new accounting standards, ensuring consistency in reporting[33]

Financial Performance - The company's operating revenue for 2019 was CNY 3,110,573,827.93, representing a 2.80% increase compared to CNY 3,025,857,115.44 in 2018[17]. - The net profit attributable to shareholders of the listed company decreased by 91.47% to CNY 14,532,046.33 from CNY 170,462,588.85 in the previous year[17]. - The net profit after deducting non-recurring gains and losses was CNY -120,425,888.37, a decrease of 234.32% compared to CNY 89,656,353.20 in 2018[17]. - The company's total assets increased by 9.68% to CNY 8,913,260,192.08 at the end of 2019 from CNY 8,126,368,334.95 at the end of 2018[17]. - The basic earnings per share for 2019 was CNY 0.01, down 92.31% from CNY 0.13 in 2018[18]. - The weighted average return on net assets decreased by 4.69 percentage points to 0.43% in 2019 from 5.12% in 2018[18]. - The net cash flow from operating activities was CNY 132,603,445.00, a decrease of 44.89% from CNY 240,596,119.24 in 2018[17]. - The company's operating profit was -13,077,000 RMB, a decrease of 263.86% year-on-year[35]. - The company reported a total of CNY 149,705,457.84 in government subsidies related to normal business operations in 2019, compared to CNY 91,490,345.45 in 2018[22]. Research and Development - The company is actively investing in R&D for new products and technologies, with a focus on high-end power modules and MEMS sensors[30]. - The company's R&D expenses for 2019 were 334,378,632.54 RMB, an increase of 6.11% compared to the previous year[37]. - The total R&D investment amounted to 425,894,831.52 CNY, representing 13.69% of the total revenue, with 2,231 R&D personnel, accounting for 39.66% of the total workforce[49]. - The company has over 350 integrated circuit design R&D personnel and more than 1,800 in chip process and packaging technology[32]. - The company plans to conduct over 200 training sessions in 2020 for various job levels and positions[149]. Market and Industry Position - The company operates in the semiconductor industry, focusing on the design, manufacturing, and sales of electronic components and products[25]. - The company has been recognized as a key software and integrated circuit design enterprise by national authorities, participating in several major national scientific research projects[25]. - The company is expanding into new markets such as electric vehicles and photovoltaics, anticipating rapid growth in discrete device products[33]. - The company aims to enhance its capabilities in advanced power semiconductors and MEMS sensors, focusing on applications in white goods, industrial control, communication, and new energy vehicles[71]. - The company plans to continue expanding its market presence in the integrated circuit industry, focusing on research and development of electronic components[193]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[3]. - The company has not reported any violations in decision-making procedures regarding external guarantees, indicating compliance with regulations[5]. - The company emphasizes the importance of forward-looking statements and the associated risks, advising investors to be cautious[5]. - The company has established internal controls to prevent material misstatements in financial reporting due to fraud or error[167]. - The company respects and protects the rights of stakeholders, including creditors, employees, customers, and suppliers[5]. Shareholder Information - The company plans to distribute a cash dividend of 0.05 CNY per 10 shares, totaling 6,560,308.07 CNY based on the total share capital of 1,312,061,614 shares as of the end of 2019[4]. - The company has not disclosed any significant changes in shareholder structure or stock variations during the reporting period[7]. - The total number of ordinary shareholders increased from 135,123 to 138,716 during the reporting period, representing a growth of approximately 2.1%[126]. - The top ten shareholders hold a total of 513,503,234 shares, accounting for 39.14% of the total shares[127]. - The company has no restricted shares remaining as of the end of the reporting period, with all previously restricted shares released on January 14, 2019[124]. Environmental Compliance - The company has established wastewater treatment systems and air pollution control facilities, ensuring effective operation through regular inspections and maintenance by third-party companies[115]. - The company conducted environmental impact assessments for construction projects and obtained necessary environmental permits, demonstrating adherence to regulatory requirements[116]. - The company reported compliance with all air pollutant standards, including non-methane total hydrocarbons at 6.80 mg/m³ against a limit of 120 mg/m³[113]. - The total emissions amount for the company was 120.87 thousand tons, with a certified total emissions limit of 212.94 thousand tons, indicating compliance with standards[112]. - The company has implemented an emergency response plan for environmental incidents, ensuring preparedness through regular training and drills[117]. Financial Position and Assets - The company's total liabilities included accounts payable of ¥644,706,461.41 and notes payable of ¥240,469,062.48, reflecting a stable financial position[91]. - The total assets of Hangzhou Silan Integrated Circuit Co., Ltd. were CNY 1,753.74 million, with a net profit of CNY 18.31 million for the year 2019[66]. - The total liabilities increased to ¥4,675,090,936.77 in 2019 from ¥3,933,086,740.42 in 2018, representing a growth of approximately 18.9%[171]. - The company's total assets reached ¥8,913,260,192.08 in 2019, up from ¥8,126,368,334.95 in 2018, representing a growth of about 9.7%[171]. - The total owner's equity at the end of 2019 was CNY 4,193,281,594.53, up from CNY 3,176,423,796.54 in 2018, marking an increase of approximately 31.9%[188].