重要内容提示： 投资者可于 2023 年 4 月 4 日（星期二）16:00 前将需要了解的情况和关 注的问题发送至公司邮箱 IR@jcetglobal.com 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。 江苏长电科技股份有限公司（以下简称"公司"）于 2023 年 3 月 31 日在《上 海证券报》、《证券时报》及上海证券交易所网站（www.sse.com.cn）上披露了 2022 年年度报告，为便于广大投资者更全面、深入地了解公司 2022 年度经营成果、 财务状况，公司定于 2023 年 4 月 6 日下午 15:00-16:30 举行 2022 年度业绩说明 会，就投资者普遍关心的问题进行交流。 一、说明会类型 本次投资者说明会以电话会议和网络文字互动形式召开，公司将针对 2022 年度经营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露 允许的范围内就投资者普遍关注的问题进行回答。 证券代码：600584 证券简称：长电科技 公告编号：临 2023-022 江苏长电科技股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥9,184,232,874.32, representing a year-on-year increase of 13.41%[4] - The net profit attributable to shareholders for Q3 2022 was ¥908,936,683.57, reflecting a year-on-year growth of 14.55%[4] - Total operating revenue for the first three quarters of 2022 reached ¥24.78 billion, a 12.9% increase from ¥21.92 billion in the same period of 2021[18] - Net profit for the first three quarters of 2022 was ¥2.45 billion, compared to ¥2.12 billion in 2021, representing a 15.8% growth[19] - The company's net profit for the first three quarters of 2022 was ¥6,430,786,198.51, compared to ¥4,334,284,717.95 in 2021, marking an increase of around 48.5%[42] - The company reported a total profit of CNY 2,610,492,027.70 for Q3 2022, an increase from CNY 2,339,293,009.06 in Q3 2021, representing a growth of approximately 11.6%[44] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥41,301,602,519.53, which is an increase of 11.33% from the end of the previous year[5] - Current assets totaled RMB 16.27 billion, up from RMB 13.42 billion year-over-year, indicating a growth of about 21.5%[15] - Total liabilities reached RMB 17.44 billion, compared to RMB 16.10 billion, which is an increase of about 8.3%[16] - The company's equity attributable to shareholders increased to RMB 23.86 billion from RMB 20.99 billion, representing a growth of approximately 13.9%[17] - Total assets as of the end of the third quarter of 2022 were ¥41,301,602,519.53, up from ¥37,098,618,885.51 at the end of the previous year, representing a growth of about 11.9%[42] Cash Flow - The company reported a net cash flow from operating activities of ¥4,380,188,462.68, which decreased by 8.62% year-on-year[5] - Cash flow from operating activities was ¥25.20 billion, compared to ¥22.83 billion in the previous year, marking an increase of 10.4%[21] - The net cash flow from investing activities for the third quarter was -¥4,003,584,780.42, slightly improved from -¥4,262,575,839.68 in the same period last year[29] - The net cash flow from financing activities was -¥822,239,346.43, contrasting with a positive cash flow of ¥289,984,763.65 in the same period last year[24] - The cash and cash equivalents at the end of the reporting period were ¥2,411,777,088.82, down from ¥2,980,043,023.32 at the end of the previous year[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 354,221[9] - The largest shareholder, the National Integrated Circuit Industry Investment Fund, holds 13.31% of the shares, amounting to 236,897,906 shares[9] - The top two shareholders, state-owned and private entities, do not have any concerted action relationship[37] Cost Management and Optimization - The company has actively optimized its product mix and focused on high-value applications, which contributed to maintaining profitability despite rising costs[8] - The company has reduced borrowing, leading to a decrease in interest expenses, which has positively impacted net profit margins[8] - The company continues to focus on high-value applications in sectors such as telecommunications, mobile terminals, and artificial intelligence, enhancing market competitiveness[33] - The company has implemented cost-cutting measures to mitigate the impact of rising material, energy, and transportation costs[33] Research and Development - Research and development expenses increased to ¥980.10 million, up from ¥859.86 million, indicating a 14% rise year-over-year[18] - Research and development expenses for the third quarter of 2022 amounted to ¥980,101,910.08, up from ¥859,863,806.34 in the previous year, reflecting a growth of approximately 14%[43] Comprehensive Income - Other comprehensive income after tax for the first three quarters of 2022 was ¥831.43 million, compared to a loss of ¥77.36 million in the same period of 2021[19] - The company's total comprehensive income attributable to the parent company was CNY 3,283,837,924.82, compared to CNY 2,039,190,069.86 in the previous year, reflecting a significant increase of approximately 61.0%[45]

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, with a total revenue of 1.5 billion RMB, representing a year-on-year growth of 15%[11]. - The company's operating revenue for the first half of the year reached ¥15.59 billion, an increase of 12.85% compared to ¥13.82 billion in the same period last year[16]. - Net profit attributable to shareholders was ¥1.54 billion, reflecting a growth of 16.74% from ¥1.32 billion year-on-year[16]. - The net profit after deducting non-recurring gains and losses surged by 50.14% to ¥1.41 billion, up from ¥938.58 million in the previous year[16]. - The company's total profit for the first half of 2022 was approximately ¥1.67 billion, up 14.61% from ¥1.46 billion in the first half of 2021[106]. - The basic and diluted earnings per share for the first half of 2022 were both ¥0.87, an increase from ¥0.78 in the same period of 2021[105]. - The company reported a net profit margin improvement, with net profit for the first half of 2022 showing a positive trend compared to the previous year, although specific figures were not disclosed[103]. Market Expansion and Strategy - User data indicates that the company has expanded its customer base by 20%, reaching a total of 500,000 active users by the end of June 2022[11]. - The company has set a future outlook with a revenue target of 3 billion RMB for the full year 2022, which would require a growth rate of approximately 10% in the second half of the year[11]. - The company is actively pursuing market expansion strategies, targeting an increase in market share by 5% in the Asia-Pacific region by the end of 2022[11]. - The company plans to enhance its product structure by focusing on high-density SiP integration technology and expanding into automotive electronics and industrial control applications[31]. - The company plans to accelerate the development of new products and improve customer service levels to capture market share in emerging sectors[31]. Research and Development - Research and development expenses have increased by 30% compared to the previous year, reflecting the company's commitment to innovation and technology advancement[11]. - The company received 57 patent authorizations and filed 124 new patents in the first half of 2022, totaling 2,988 patents by the end of the reporting period[27]. - The company is focusing on talent development and patent management to strengthen its competitive advantage in the semiconductor industry[32]. - Research and development expenses for the first half of 2022 were ¥637,465,593.65, compared to ¥547,913,853.24 in the previous year, reflecting a rise of approximately 16.3%[103]. Financial Stability - The company maintains a strong balance sheet with total assets of 5 billion RMB and a debt-to-equity ratio of 0.4, indicating financial stability[11]. - The total assets at the end of the reporting period were ¥37.83 billion, a slight increase of 1.98% from ¥37.09 billion at the end of the previous year[16]. - The total liabilities decreased to ¥15,254,507,007.05 from ¥16,098,903,462.48, indicating a reduction of about 5.24%[97]. - The total current liabilities decreased to RMB 10,486,650,969.07 from RMB 11,341,321,021.47, showing a reduction of about 7.53%[97]. Environmental and Social Responsibility - The company actively engages in corporate social responsibility, contributing to local economic development while ensuring employee health and safety during the pandemic[30]. - The company’s environmental management includes effective treatment of wastewater and emissions, meeting the standards set by the electroplating industry pollution discharge regulations[54]. - The company has implemented energy-saving measures with a total investment of approximately 1.18 million yuan, expected to save 662.43 tons of standard coal annually, equivalent to a reduction of about 1,768.69 tons of CO2 emissions[74]. - The company has established wastewater treatment and air pollution prevention facilities, ensuring stable compliance with discharge standards for wastewater and waste gas[73]. Risks and Challenges - The company has identified potential risks, including supply chain disruptions, which could impact production capacity by up to 15% if not managed effectively[11]. - The company faces market risks due to the cyclical nature of the semiconductor industry, which may impact future performance[43]. - Trade friction risks are significant as the company has a large proportion of overseas revenue, which could lead to production limitations and increased costs[44]. - The company is actively monitoring the impact of COVID-19 on operations, including potential delays in personnel attendance and logistics[44]. Shareholder Information - The company has announced plans for a strategic acquisition of a smaller competitor, which is projected to add an additional 300 million RMB in annual revenue[11]. - The board of directors has approved a profit distribution plan, although no specific dividend has been declared for this reporting period[11]. - The company did not distribute dividends or increase capital reserves in 2022, with no shares or cash dividends allocated per 10 shares[50]. - The total number of ordinary shareholders as of the end of the reporting period was 365,733[90]. Accounting and Financial Reporting - The financial statements are prepared based on the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[122]. - The company’s financial reporting is based on a continuous operation assumption[122]. - The company’s accounting period runs from January 1 to December 31 each year[123]. - The company recognizes revenue when it fulfills performance obligations in contracts, specifically when customers gain control of goods or services[168].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 8,138,342,221.17, representing a year-on-year increase of 21.24%[4] - The net profit attributable to shareholders was RMB 861,427,410.20, reflecting a significant increase of 123.04% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 781,345,898.68, up by 124.48% year-on-year[4] - Basic and diluted earnings per share were both RMB 0.48, a 100% increase compared to the same period last year[5] - The weighted average return on equity was 4.02%, an increase of 1.18 percentage points year-on-year[5] - The company reported a total comprehensive income of CNY 828,626,140.91 for Q1 2022, compared to CNY 433,283,587.44 in Q1 2021, indicating an increase of about 91.2%[20] - The net profit for Q1 2022 was CNY 861,427,410.20, a significant increase from CNY 386,565,476.47 in Q1 2021, representing a growth of approximately 123.5%[20] - Operating profit for Q1 2022 reached CNY 951,106,757.72, up from CNY 441,616,721.90 in Q1 2021, reflecting an increase of approximately 115.5%[19] Cash Flow and Assets - The net cash flow from operating activities reached RMB 1,639,597,960.59, marking a 36.14% increase from the previous year[4] - Cash and cash equivalents decreased to ¥2,512,467,111.97 from ¥2,761,329,952.39, a decline of 9.0% year-over-year[13] - The company reported a net cash increase of ¥-250,215,243.11 for Q1 2022, compared to a decrease of ¥-282,486,041.08 in the same period last year[27] - The total assets at the end of the reporting period were RMB 36,887,449,670.03, a slight decrease of 0.57% from the end of the previous year[5] - The total current liabilities decreased to CNY 10.29 billion from CNY 11.34 billion, representing a reduction of about 9.25%[38] - The company's total equity increased to CNY 21.82 billion from CNY 20.99 billion, marking an increase of approximately 3.93%[39] Costs and Expenses - Total operating costs for Q1 2022 were ¥7,267,406,497.27, up from ¥6,288,369,725.21 in Q1 2021, reflecting a year-over-year increase of 15.6%[17] - Research and development expenses rose to CNY 322,062,638.86 in Q1 2022, compared to CNY 257,314,063.40 in Q1 2021, indicating an increase of about 25.2%[19] - The company recorded a significant increase in tax expenses, totaling CNY 94,584,591.23 in Q1 2022, compared to CNY 53,074,741.67 in Q1 2021, which is an increase of approximately 78.2%[19] Shareholder Information - The top two shareholders are the National Integrated Circuit Industry Investment Fund and Xindian Semiconductor (Shanghai) Co., Ltd., with no known concerted action between them[11] - The total number of ordinary shareholders at the end of the reporting period was 357,413[8] Strategic Focus - The company focused on high-growth, high-value-added products, optimizing customer and product structure to enhance profitability[7] - The company continues to focus on high-growth, high-value-added products, optimizing customer and product structure to enhance profitability[30] Liabilities and Borrowings - Total liabilities decreased to ¥15,065,978,653.80 from ¥16,098,903,462.48, a reduction of 6.4%[16] - Long-term borrowings increased to ¥3,791,126,003.90 from ¥3,751,344,198.24, an increase of 1.1%[16] - The company reported a decrease in short-term borrowings to ¥1,632,370,027.67 from ¥2,193,136,065.72, a decline of 25.6%[15]

Financial Performance - The company's operating revenue for 2021 was CNY 30,502,417,851.52, representing a 15.26% increase compared to CNY 26,463,994,512.61 in 2020 [21]. - Net profit attributable to shareholders was CNY 2,958,712,532.84, a significant increase of 126.83% from CNY 1,304,390,209.14 in the previous year [21]. - The net cash flow from operating activities reached CNY 7,428,671,369.12, up 36.69% from CNY 5,434,695,224.80 in 2020 [21]. - Basic earnings per share rose to CNY 1.72, an increase of 112.35% compared to CNY 0.81 in 2020 [23]. - The company's net assets attributable to shareholders were CNY 20,991,131,608.04, reflecting a growth of 56.65% from CNY 12,627,430,980.43 at the end of 2020 [22]. - The company achieved a weighted average return on equity of 16.42%, an increase of 6.40 percentage points from 10.02% in 2020 [23]. - The net profit after deducting non-recurring gains and losses was CNY 2,486,571,359.81, marking a 161.22% increase from CNY 951,889,625.26 in the previous year [21]. - Non-recurring gains and losses totaled CNY 472,141,173.03 for 2021, compared to CNY 352,500,583.88 in 2020 [28]. - The company reported a significant increase in undistributed profits, rising by 185.59% to 4,334,284,717.95 RMB [68]. - The company reported a net profit of CNY 4.33 billion in 2021, significantly up from CNY 1.52 billion in 2020, an increase of 184.5% [199]. Dividend and Capital Management - The company plans to distribute a cash dividend of 2 CNY per 10 shares, totaling 355,910,600 CNY, based on a total share capital of 1,779,553,000 shares [4]. - The company does not plan to increase capital reserves or issue bonus shares for the 2021 fiscal year [4]. - The capital reserve increased by 46.31% to 14,984,289,460.00 RMB due to the premium from the non-public issuance of A shares [68]. - The company completed a non-public issuance of A-shares, which contributed to the increase in net assets and overall performance [23]. - The company raised a total of CNY 4,999,999,993.50 through a private placement of 176,678,445 shares, increasing total share capital from 1,602,874,555 shares to 1,779,553,000 shares [160]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming [3]. - The financial report has been declared true, accurate, and complete by the responsible parties, including the accounting supervisor [3]. - The internal control audit conducted by Ernst & Young received a standard unqualified opinion, confirming the effectiveness of the internal control system [118]. - The company has established a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and maintaining independent operations from major shareholders [86]. - The audit report was issued by Ernst & Young Huaming, confirming compliance with auditing standards and independence requirements [196]. Risk Management - The company has outlined potential risks in its future development strategies, which investors should consider [6]. - The report includes a detailed discussion of risk factors that may affect future performance, as outlined in the management discussion and analysis section [6]. - The company faces significant operational risks due to trade friction, with overseas revenue constituting a large portion of its main business income [83]. - The ongoing COVID-19 pandemic continues to pose risks to production and operations, affecting attendance, procurement, and market activities [83]. - The company is actively monitoring exchange rate fluctuations, particularly between the RMB and USD, to mitigate foreign currency translation risks [84]. Research and Development - The company invested 1.19 billion RMB in R&D, reflecting a year-on-year increase of 16.30% [43]. - The company is focusing on diversifying its supply chain and enhancing strategic partnerships with key suppliers to mitigate global supply shortages [30]. - The company has established partnerships with major universities for technology research and talent development, enhancing its innovation capabilities [31]. - The company is actively expanding its presence in key markets such as AI, automotive electronics, and high-performance computing [41]. - The company plans to enhance its 5G-related design integration capabilities in response to the global deployment of 5G applications in 2022 [60]. Environmental Responsibility - The company has a focus on environmental responsibility, with hazardous waste and wastewater being managed by qualified entities to ensure compliance with environmental regulations [120]. - The company’s wastewater treatment meets the standards set by the Electroplating Industry Pollutant Discharge Standards (GB21900-2008), with no exceedances reported in 2021 [120]. - The company has implemented online monitoring for VOCs emissions, with no exceedances reported in 2021 [126]. - The company has conducted environmental impact assessments for construction projects and obtained necessary permits [133]. - The company is committed to sustainable development, focusing on employee rights protection and providing health benefits, including CNY 1.155 million in subsidies for employees in need [141]. Corporate Governance and Management - The company emphasizes investor relations management, maintaining communication through various channels to ensure transparency and engagement [86]. - The company is led by a diverse board with extensive experience in the semiconductor industry, including roles in various high-profile organizations [92]. - The company has maintained a consistent leadership structure with no changes in key executive positions during the reporting period [92]. - The total pre-tax compensation for the CEO during the reporting period was 1,172.27 million CNY [90]. - The total pre-tax compensation for all executives combined during the fiscal year was reported at 4,876.17 million CNY [91]. Market Position and Strategy - The company ranked third among the top ten OSAT manufacturers globally with an estimated revenue of 30.95 billion RMB, leading in various operational aspects [34]. - The global semiconductor market reached a total sales of 555.9 billion USD in 2021, growing by 26.2% year-on-year [33]. - The company is focusing on developing packaging technologies for electric vehicles and autonomous driving applications, targeting higher reliability standards [60]. - The company is exploring potential acquisitions to enhance its market position, with a focus on companies in the semiconductor sector valued at up to $II billion [94]. - The company aims to achieve a revenue growth rate higher than the global industry average in 2022, despite uncertainties in the market [80].

Financial Performance - The company's operating revenue for Q3 2021 reached ¥8,098,503,738.82, representing a year-on-year increase of 19.32%[4] - Net profit attributable to shareholders for Q3 2021 was ¥793,457,166.06, a significant increase of 99.40% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥734,726,022.34, up 116.22% year-on-year[4] - Basic earnings per share for Q3 2021 were ¥0.45, an increase of 80.00% compared to the same period last year[5] - Operating profit for the third quarter of 2021 was ¥2,343,740,035.67, significantly higher than ¥888,296,885.23 in the same quarter of 2020, reflecting a growth of approximately 164.5%[16] - Net profit for the first three quarters of 2021 was ¥2,339,293,009.06, compared to ¥873,277,519.67 in the same period of 2020, marking an increase of around 168.5%[16] - Total comprehensive income for Q3 2021 was approximately CNY 2.04 billion, compared to CNY 567.06 million in Q3 2020[18] - The company reported a total profit of approximately ¥2.34 billion for Q3 2021, up from ¥873.28 million in Q3 2020, marking an increase of 167.06%[41] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to ¥37,155,301,652.78, reflecting a year-on-year growth of 14.93%[5] - Total assets increased from ¥32,328,196,228.34 to ¥33,069,261,384.80, reflecting a rise of ¥741,065,156.46 due to the implementation of new leasing standards[24] - Total liabilities decreased to ¥16,876,121,157.70 from ¥18,918,493,942.70, representing a reduction of about 10.9%[14] - The company's total liabilities rose from ¥18,918,493,942.70 to ¥19,659,559,099.16, an increase of ¥741,065,156.46[24] - Non-current assets totaled ¥23,816,651,707.02 as of the end of the third quarter of 2021, compared to ¥22,898,854,980.92 at the end of the previous year, reflecting an increase of about 4.0%[14] - The company's equity attributable to shareholders increased to ¥20,268,217,656.28, compared to ¥13,399,706,193.77 in the previous year, reflecting a growth of approximately 51.0%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥4,793,274,986.80, showing a year-on-year increase of 31.97%[5] - Cash flow from operating activities for the first three quarters of 2021 was CNY 22.83 billion, an increase from CNY 19.36 billion in the same period of 2020, reflecting a growth of approximately 18.5%[20] - The net cash flow from operating activities for Q3 2021 was CNY 4.79 billion, compared to CNY 3.63 billion in Q3 2020, indicating a year-over-year increase of about 32%[20] - Cash flow from investing activities showed a net outflow of CNY 4.26 billion in Q3 2021, compared to a net outflow of CNY 1.99 billion in Q3 2020[21] - Cash flow from financing activities resulted in a net inflow of CNY 289.98 million in Q3 2021, contrasting with a net outflow of CNY 1.42 billion in Q3 2020[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 364,703[8] - The largest shareholder, the National Integrated Circuit Industry Investment Fund, holds 254,693,357 shares, representing 14.31% of total shares[8] - The company has no actual controller, with the top two shareholders being the National Integrated Circuit Industry Investment Fund and Xindian Semiconductor (Shanghai) Co., Ltd., with no concerted action between them[9] Research and Development - Research and development expenses for the third quarter of 2021 amounted to ¥859,863,806.34, up from ¥767,680,984.50 in the previous year, showing an increase of approximately 12.0%[16] Market and Operational Insights - The increase in net profit is attributed to strong domestic and international customer demand, effective cost control, and improved gross margins[7] - The report indicates that there are no significant changes in the company's operational situation during the reporting period[10] - The company aims to continue expanding its market presence and investing in new technologies[28] - The company has not made any adjustments to the reported figures[49]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching 1.5 billion RMB, representing a year-on-year growth of 25%[11]. - The company's operating revenue for the first half of the year reached ¥13.82 billion, a 15.39% increase compared to ¥11.98 billion in the same period last year[18]. - Net profit attributable to shareholders increased by 260.97% to ¥1.32 billion from ¥366.27 million year-on-year[18]. - The net cash flow from operating activities was ¥2.88 billion, reflecting a 33.87% increase from ¥2.15 billion in the previous year[18]. - Basic earnings per share increased by 239.13% to ¥0.78 from ¥0.23 in the same period last year[19]. - The company achieved a revenue of 13.82 billion CNY in the first half of 2021, representing a year-on-year growth of 15.4%[32]. - The net profit attributable to shareholders reached 1.32 billion CNY, significantly up from 370 million CNY in the same period last year[32]. - The company's total assets increased to ¥21,713,775,919.13 from ¥19,353,248,466.22, representing a growth of 12.2%[122]. - The company reported a significant increase in capital reserves to CNY 14,984,289,460.00 from CNY 10,241,702,115.43, marking an increase of approximately 46.9%[119]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share in the region by the end of 2022[11]. - New product launches are expected to contribute an additional 500 million RMB in revenue for the second half of 2021, with a focus on advanced packaging technologies[11]. - The company has no plans for significant mergers or acquisitions in the near term, focusing instead on organic growth strategies[11]. - The company plans to enhance its manufacturing capacity in key locations such as Jiangyin, Suqian, and Chuzhou, while also expanding into international markets like Shanghai[34]. Research and Development - Research and development expenses increased by 10% to 200 million RMB, reflecting the company's commitment to innovation and new technology development[11]. - The company has a patent portfolio of 3,247 patents, including 2,434 invention patents, with 1,479 patents granted in the United States[29]. - R&D expenses increased by 11.56% to approximately ¥547.91 million, reflecting the company's commitment to advancing technology and innovation[36]. Financial Integrity and Governance - No non-operating fund occupation by controlling shareholders or related parties was reported, ensuring financial integrity[4]. - The board of directors confirmed that all financial reports are accurate and complete, with no significant omissions or misleading statements[2]. - The company has not reported any non-operating fund occupation by controlling shareholders or other related parties during the reporting period[88]. Environmental Compliance - The company has established comprehensive pollution prevention facilities and maintains regular operations to ensure compliance with environmental regulations[72]. - The company invested CNY 25 million in the first phase of sewage treatment plant upgrades and CNY 1.48 million for exhaust gas treatment, enhancing wastewater treatment capacity to ensure compliance with discharge standards[80]. - The company’s subsidiaries have implemented centralized and professional wastewater treatment, ensuring compliance with environmental standards[64]. - The company reported that VOCs emissions were effectively managed, with no exceedances recorded in the first half of 2021[66]. Legal and Regulatory Matters - The company is involved in a lawsuit where it is being claimed for damages amounting to $25 million due to quality issues in chip packaging[90]. - The company has also filed a lawsuit against several parties for processing fees totaling approximately $13.25 million, which is currently under court review[90]. - There are no significant litigation or arbitration matters reported for the current period[89]. Shareholder Information - The total number of common shareholders reached 347,883 by the end of the reporting period[108]. - The top ten shareholders held a total of 254,693,357 shares, representing 14.31% of the total shares[108]. - The company completed a private placement of 176,678,445 shares, raising a total of approximately RMB 4.999 billion, increasing total share capital from 1,602,874,555 to 1,779,553,000 shares[101]. Risk Management - The company faces risks from potential changes in industrial policies that could affect its operations, especially given its significant international sales[53]. - Trade tensions could lead to equipment shortages and increased costs, impacting production and order volumes[54]. - The company is actively pursuing supply chain diversification to mitigate risks associated with equipment supply shortages[55]. Financial Position - The company's total liabilities decreased to CNY 16,514,962,524.82 from CNY 18,918,493,942.70, a reduction of about 12.5%[119]. - The total equity attributable to shareholders increased to CNY 19,450,771,362.01 from CNY 13,399,706,193.77, reflecting a growth of approximately 45.0%[119]. - Cash and cash equivalents amounted to CNY 3,380,504,316.60, up from CNY 2,234,731,363.11, indicating an increase of about 51.2%[117].

Financial Performance - Net profit attributable to shareholders of the listed company reached approximately ¥386.22 million, an increase of 188.68% year-on-year[4]. - Operating revenue for the period was approximately ¥6.71 billion, representing a year-on-year growth of 17.59%[4]. - Basic earnings per share were ¥0.24, reflecting a 200.00% increase from ¥0.08 in the previous year[4]. - The weighted average return on net assets increased to 2.84%, up by 1.79 percentage points from the previous year[4]. - The company reported a net profit after deducting non-recurring gains and losses of CNY 348,063,858.95, a year-on-year increase of 227.26%[40]. - The company reported a total comprehensive income of approximately ¥433.28 million for Q1 2021, compared to ¥264.87 million in Q1 2020, indicating a growth of 63.63%[20]. - Net profit for Q1 2021 reached approximately ¥386.57 million, compared to ¥134.10 million in Q1 2020, representing a growth of 187.36%[20]. - Basic earnings per share for Q1 2021 were ¥0.24, an increase from ¥0.08 in Q1 2020[20]. Cash Flow - The net cash flow from operating activities was approximately ¥1.20 billion, an increase of 4.86% compared to the same period last year[4]. - Cash flow from financing activities showed a net outflow of 933,071,144.60, primarily due to a decrease in loan repayments[11]. - Cash flow from operating activities for Q1 2021 was ¥1,204,363,802.09, compared to ¥1,148,584,190.25 in Q1 2020, showing a growth of 4.9%[24]. - The net cash flow from financing activities was negative at RMB -747,661,031.42, compared to a positive RMB 316,019,713.18 in Q1 2020, indicating a significant decrease in cash from financing[27]. Assets and Liabilities - Total assets at the end of the reporting period were approximately ¥32.03 billion, a decrease of 0.92% compared to the end of the previous year[4]. - Total liabilities decreased to approximately ¥7.71 billion in Q1 2021 from ¥8.13 billion in Q1 2020, a reduction of 5.14%[18]. - Non-current liabilities decreased from ¥18,918,493,942.70 to ¥18,187,527,945.70, a reduction of about 3.86%[16]. - Current liabilities decreased from ¥13,845,757,478.09 to ¥13,178,545,162.33, a decrease of approximately 4.80%[15]. - The total equity attributable to shareholders increased from ¥13,399,706,193.77 to ¥13,832,640,302.54, an increase of about 3.23%[16]. Shareholder Information - The total number of shareholders at the end of the reporting period was 319,016[6]. - The largest shareholder, the National Integrated Circuit Industry Investment Fund, holds 17.00% of the shares[6]. - The company has no actual controller, with the top two shareholders being the National Integrated Circuit Industry Investment Fund and Chip Electric Semiconductor (Shanghai) Co., Ltd.[7]. Investment and Expenses - Research and development expenses for Q1 2021 amounted to approximately ¥257.31 million, up from ¥214.45 million in Q1 2020, reflecting a growth of 19.93%[19]. - The company reported a significant decrease in investment income, with a loss of ¥250,439.62 in Q1 2021 compared to a gain of ¥260,680,870.09 in Q1 2020[21]. - The company reported a 139.38% increase in taxes and surcharges to 20,338,972.05 from 8,496,390.50 due to increased additional taxes[10]. Inventory and Receivables - Accounts receivable financing increased by 39.42% to 57,385,373.12 from 41,159,395.09 primarily due to an increase in receivable notes[9]. - Other receivables decreased by 35.34% to 26,198,531.71 from 40,518,299.84 mainly due to proceeds from the disposal of equipment and materials[9]. - Inventory increased from ¥576,991,522.74 to ¥591,154,243.24, an increase of about 2.9%[17]. Changes in Financial Position - Cash and cash equivalents decreased to 1,912,668,881.99 from 2,234,731,363.11, reflecting a reduction in available funds[14]. - Cash and cash equivalents at the end of Q1 2021 decreased to ¥1,884,105,505.70 from ¥2,211,270,109.58 at the end of Q1 2020, a decline of 14.8%[25]. - The company’s goodwill increased slightly from ¥2,070,573,852.34 to ¥2,085,298,158.73, an increase of approximately 0.71%[15].

Financial Performance - The company's operating revenue for 2020 was CNY 26.46 billion, an increase of 12.49% compared to CNY 23.53 billion in 2019 [18]. - The net profit attributable to shareholders for 2020 reached CNY 1.30 billion, a significant increase of 1,371.17% from CNY 88.66 million in 2019 [18]. - The net cash flow from operating activities increased by 71.09% to CNY 5.43 billion in 2020, up from CNY 3.18 billion in 2019 [18]. - Basic earnings per share rose to CNY 0.81 in 2020, compared to CNY 0.06 in 2019, reflecting a growth of 1,250% [21]. - The company's net assets attributable to shareholders increased by 6.12% to CNY 13.40 billion at the end of 2020, compared to CNY 12.63 billion at the end of 2019 [18]. - The company reported a quarterly revenue of CNY 7.70 billion in Q4 2020, marking a continuous growth trend throughout the year [24]. - The net profit attributable to shareholders in Q4 2020 was CNY 540.20 million, showing a strong performance in the last quarter [24]. - The company achieved a net profit of CNY 9.52 billion after deducting non-recurring gains and losses, indicating a substantial improvement in operational profitability [22]. - The total assets at the end of 2020 were CNY 32.33 billion, a decrease of 3.73% from CNY 33.58 billion at the end of 2019 [18]. - The company achieved an operating revenue of 26.464 billion RMB, representing a year-on-year growth of 28.21% [39]. - The net profit attributable to shareholders reached 1.304 billion RMB, a significant increase of 1,371.17% compared to the previous year [39]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.50 CNY per 10 shares, totaling 88,977,650 CNY, based on a total share capital of 1,779,553,000 shares [4]. - The company does not plan to increase capital reserves or issue bonus shares for the 2020 fiscal year [4]. - The company’s profit distribution plan for 2020 was approved at the annual shareholders' meeting [73]. - The company’s retained earnings will be carried forward to the next fiscal year after the 2020 dividend distribution [73]. - The company did not adjust its profit distribution policy during the reporting period [73]. - In 2019, the company did not distribute any cash dividends due to a negative available profit balance of -1,723,950,038.43 RMB [73]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming [3]. - The company has confirmed that all board members attended the board meeting, ensuring accountability for the report's accuracy [3]. - The company has stated that there are no significant omissions or misleading statements in the annual report [2]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible personnel [3]. - The company has not violated decision-making procedures regarding external guarantees [5]. - The company has committed to strict compliance with legal and regulatory requirements regarding related party transactions [78]. - The company has not faced any risks of suspension or termination of its listing during the reporting period [85]. - There were no significant deficiencies in internal controls reported during the year [177]. Research and Development - The company reported a total R&D expenditure of ¥1,019,477,425.08, representing 3.85% of total revenue [50]. - The company is focusing on advanced packaging technologies such as SiP, WL-CSP, and eWLB, with plans for large-scale production in the next 3-5 years [37]. - The company maintained a strong focus on R&D in emerging markets such as 5G RF, antenna packaging, and automotive applications [51]. - The company is investing heavily in R&D, with a budget increase of 30% for new technology development [156]. - The company emphasizes employee training, offering over 2,000 online courses to enhance skills and competencies [167]. Market Position and Strategy - Jiangsu Changjiang Electronics Technology Co., Ltd. ranked third among the top ten OSAT manufacturers globally with an estimated revenue of 25.563 billion RMB in 2020, making it the leading company in mainland China [30]. - The global semiconductor market reached a total sales of 440.4 billion USD in 2020, with integrated circuit sales accounting for 361.2 billion USD, representing a year-on-year growth of 8.4% [29]. - The company is actively expanding into markets such as 5G communications, artificial intelligence, and automotive electronics, positioning itself for future growth opportunities [36]. - The company aims to become a leading global integrated circuit manufacturing and technology service enterprise, leveraging its advanced manufacturing and technology resources [65]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with complementary technologies [156]. Environmental and Social Responsibility - The company invested approximately CNY 54.525 million in environmental protection measures, including the operation of environmental facilities and waste disposal [106]. - The company achieved an annual electricity savings of approximately 1.4142 million kWh and natural gas savings of 53,900 cubic meters through energy-saving projects [106]. - The company actively participated in social welfare activities, donating CNY 5 million to support COVID-19 relief efforts [107]. - The company is committed to sustainable development, implementing various innovative measures for energy conservation and emission reduction [106]. - The company has established a comprehensive safety management system, investing over CNY 4.5 million in safety production measures in 2020 [106]. Legal Matters - The company reported a significant lawsuit involving a claim for $25 million due to quality issues in chip packaging, currently under court review [87]. - The company is involved in another lawsuit seeking $13.25 million in processing fees and late payment interest from multiple defendants, with the case accepted by the court [87]. - The company’s subsidiary is pursuing a claim against Ruizhang Technology for approximately RMB 16.12 million in processing fees, with a court ruling in favor of the subsidiary for part of the claim [87]. Shareholder Information - The company has no controlling shareholder and operates independently from major shareholders [169]. - The company has a significant presence of institutional investors, with the top ten shareholders holding a combined total of 66.04% of the shares [139]. - The number of shareholders decreased from 319,016 to 306,423 during the reporting period [137]. - The top shareholder, the state integrated circuit industry investment fund, reduced its holdings by 16,028,662 shares, now holding 288,517,503 shares, which is 18.00% of the total [139]. Compensation and Employee Information - Total compensation for all directors, supervisors, and senior management amounted to RMB 44.4862 million during the reporting period [160]. - The company employed a total of 23,359 staff, including 14,958 production personnel and 5,949 technical personnel [163][164]. - The educational background of employees shows that 4,070 hold a bachelor's degree or higher, while 13,215 have less than a college degree [165]. - The company has a performance-based compensation policy that aligns salaries with the completion of monthly operational plans [166].

Financial Performance - Operating revenue for the first nine months was CNY 18.76 billion, representing a year-on-year increase of 15.85%[4] - Net profit attributable to shareholders of the listed company was CNY 764.19 million, a significant recovery from a loss of CNY 181.88 million in the previous year[4] - Basic earnings per share for the reporting period were CNY 0.48, compared to a loss of CNY 0.11 per share in the previous year[6] - The company reported a net profit attributable to shareholders of RMB 1.60 billion, maintaining the same level as the previous year[19] - The company reported a net loss of ¥1,379,404,477.00 for the period, compared to a net loss of ¥1,723,950,038.43 in the same period last year[21] - The net profit for Q3 2020 reached ¥398,228,220.29, compared to ¥77,342,217.21 in Q3 2019, indicating a significant increase[24] - The total profit for Q3 2020 was ¥452,612,223.95, up from ¥87,336,122.29 in the same period last year[24] - The company reported a significant increase in employee compensation liabilities, rising to ¥777.38 million from ¥586.44 million, an increase of 32%[57] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 3.63 billion, an increase of 166.59% year-on-year[4] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 20,655,011,351.27, an increase of 19.5% compared to CNY 17,224,635,672.54 in the same period of 2019[30] - Net cash flow from operating activities reached CNY 3,632,082,793.61, significantly up from CNY 1,362,437,514.36 in the previous year, marking a growth of 167.5%[30] - Cash inflow from operating activities totaled ¥6,579,885,336.81, an increase of 4.63% compared to ¥6,287,143,599.83 in the previous year[32] - Net cash flow from operating activities reached ¥973,229,397.15, up 65.20% from ¥588,771,443.45 year-over-year[32] - The company reported a total cash outflow from operating activities of CNY 17,022,928,557.66, compared to CNY 15,862,198,158.18 in the previous year, reflecting an increase of 7.3%[30] Assets and Liabilities - Total assets at the end of the reporting period were CNY 33.33 billion, a decrease of 0.74% compared to the end of the previous year[4] - Total liabilities were RMB 18.39 billion, a decrease of 8.73% from RMB 20.14 billion at the end of 2019[19] - Current assets totaled approximately ¥9.79 billion, an increase of 2.4% from ¥9.56 billion in the previous year[56] - Total liabilities decreased to approximately ¥15.19 billion, down from ¥17.65 billion in the previous year[58] - Total assets amounted to approximately ¥33.33 billion, a slight decrease from ¥33.58 billion year-over-year[58] - Total liabilities amounted to CNY 20,943,538,171.65, with non-current liabilities totaling CNY 3,294,177,442.18[36] Shareholder Information - Net assets attributable to shareholders of the listed company increased by 4.48% to CNY 13.19 billion[4] - The top ten shareholders held a total of 1.57 billion shares, with the largest shareholder owning 19% of the total shares[8] - The total number of shareholders at the end of the reporting period was 310,930, with the top ten shareholders holding a combined 61.73% of the shares[47] - The company's equity attributable to shareholders was CNY 12,627,430,980.43, while total equity stood at CNY 12,638,355,396.36[36] Research and Development - Research and development expenses increased by 33.33% from 575,758,377.86 to 767,680,984.50 due to higher R&D investments[12] - Research and development expenses increased to ¥276,535,381.66 in Q3 2020, up 21.8% from ¥227,124,893.70 in Q3 2019[62] Tax and Subsidies - The company received government subsidies amounting to CNY 16.64 million during the reporting period[7] - The company received tax refunds amounting to CNY 528,403,390.58, an increase of 77.8% from CNY 297,182,122.61 in the previous year[30] - The company reported a 117.61% increase in taxes payable from 53,226,873.84 to 115,825,943.45 due to increased income tax liabilities[11] Financial Adjustments - The company optimized its product sales model, resulting in a reported revenue decrease of CNY 2.78 billion, but a total revenue increase of 33.02% when adjusted[6] - The company implemented new revenue and leasing standards starting in 2020, affecting the financial statements[33]