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]

Financial Performance - The company reported a total revenue of 1.5 billion yuan for the first half of 2020, representing a year-on-year increase of 10%[10]. - The company's operating revenue for the first half of the year reached ¥11.98 billion, a 30.91% increase compared to ¥9.15 billion in the same period last year[15]. - The net profit attributable to shareholders was ¥366.27 million, a significant recovery from a loss of ¥258.90 million in the previous year[15]. - The net cash flow from operating activities increased by 163.42% to ¥2.15 billion, up from ¥817.08 million year-on-year[15]. - Basic earnings per share improved to ¥0.23, compared to a loss of ¥0.16 per share in the same period last year[16]. - The company achieved a net profit of ¥295.50 million after deducting non-recurring gains and losses, a significant increase from a loss of ¥423.31 million in the previous year[17]. - The total comprehensive income for the first half of 2020 was CNY 524,263,258.31, compared to a loss of CNY 300,174,222.55 in the same period of 2019[112]. - The company reported a net profit of ¥597,554,801.53 for the first half of 2020, a significant increase from ¥231,285,970.34 in the same period of 2019[108]. Market Expansion and Growth Strategy - Future outlook includes a projected revenue growth of 20% for the second half of 2020, driven by increased demand in the semiconductor packaging market[10]. - The company has expanded its customer base, with a 15% increase in the number of active clients compared to the previous year[10]. - Market expansion efforts include entering two new international markets, which are expected to contribute an additional 5% to overall revenue in 2021[10]. - The company plans to launch three new products in Q4 2020, targeting high-growth sectors such as automotive and IoT[10]. - The company is focusing on enhancing its operational efficiency and optimizing its product sales model, which has positively impacted its financial performance[17]. - The company plans to enhance its R&D investment in advanced packaging processes and new business platforms in the second half of 2020[36]. - The company aims to achieve profitability for its domestic factories and the acquired company, Sanken Electric, in 2020[36]. Research and Development - The company is investing 200 million yuan in R&D for new packaging technologies, aiming to enhance product offerings and maintain competitive advantage[10]. - Research and development expenses rose by 40.88% to ¥491,145,602.84, up from ¥348,633,484.16, reflecting increased investment in R&D[38]. - The company is actively developing advanced packaging solutions for 5G communication applications, achieving mass production of multiple 5G RF modules[31]. Acquisitions and Competitor Landscape - The company has completed the acquisition of a local competitor, which is anticipated to increase market share by 10%[10]. - The global market share of the top three packaging and testing companies in 2020 was approximately 56.3%, with Longji Technology holding a 13.8% share, ranking third globally[29]. Financial Health and Stability - The company's net assets attributable to shareholders increased by 4.15% to ¥13.15 billion from ¥12.63 billion at the end of the previous year[15]. - The total assets decreased by 2.05% to ¥32.89 billion compared to ¥33.58 billion at the end of the previous year[15]. - The total liabilities decreased to CNY 14,124,408,311.50 from CNY 17,649,360,729.47, a decline of about 20.5%[105]. - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[10]. Environmental Compliance - The company has complied with environmental standards for wastewater and emissions, with all measured pollutants meeting the required discharge standards[71]. - The actual wastewater discharge in the first half of 2020 was 135.11 thousand tons, with an annual discharge target of 370.86 thousand tons[71]. - The company has established comprehensive pollution prevention facilities and maintains regular operations to ensure compliance with environmental standards[79]. Shareholder and Equity Information - The total number of shareholders reached 217,702 by the end of the reporting period[95]. - The top two shareholders, National Integrated Circuit Industry Investment Fund and Chip Semiconductor (Shanghai) Co., Ltd., hold 19.00% and 14.28% of shares respectively[97]. - The total number of restricted shares at the end of the reporting period was 360,303,240, with no new restricted shares added during the reporting period[94]. Risk Factors - The company faces risks from market maturity in smartphones and tablets, price competition, and potential impacts from geopolitical factors and the COVID-19 pandemic[52]. Accounting and Financial Reporting - The financial statements were approved by the board of directors on August 19, 2020[132]. - The company operates under the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy in financial reporting[134]. - The company confirms its ability to continue as a going concern based on management's assessment[135].

Financial Performance - Operating income for the reporting period was 5,708,103,216.96 RMB, representing a year-on-year increase of 26.43%[4] - Net profit attributable to shareholders was 133,787,621.75 RMB, a significant recovery from a loss of 46,516,845.29 RMB in the same period last year[4] - Basic earnings per share increased to 0.08 RMB from a loss of 0.03 RMB per share in the same period last year[4] - The company reported a comprehensive income total of ¥264,866,746.52 for Q1 2020, compared to a loss of ¥258,374,752.16 in Q1 2019[23] - The company reported a significant increase in investment income to CNY 260,680,870.09 in Q1 2020, compared to CNY 889,555.29 in Q1 2019[25] - The company reported a net profit of approximately ¥231.29 million in undistributed profits[73] Cash Flow - Net cash flow from operating activities surged by 578.86% to 1,148,584,190.25 RMB compared to 169,193,210.11 RMB in the previous year[4] - Cash flow from operating activities in Q1 2020 was CNY 1,148,584,190.25, up from CNY 169,193,210.11 in Q1 2019[28] - The total cash inflow from operating activities in Q1 2020 was CNY 6,550,718,952.32, compared to CNY 5,659,562,179.83 in Q1 2019[28] - The company experienced a net cash outflow from financing activities of CNY 154,966,037.90 in Q1 2020, an improvement from a net outflow of CNY 1,699,379,444.28 in Q1 2019[29] - The net cash flow from financing activities was RMB 316,019,713.18, compared to RMB 1,365,471,689.75 in the previous year, indicating a decrease of approximately 76.8%[31] Assets and Liabilities - Total assets at the end of the reporting period decreased by 2.32% compared to the end of the previous year, amounting to 32,801,469,804.09 RMB[4] - Total liabilities decreased from ¥20,943,538,171.65 to ¥19,898,247,661.21, a decline of about 5%[16] - Current liabilities decreased from ¥17,649,360,729.47 to ¥14,282,638,886.21, a reduction of about 19.5%[16] - Non-current liabilities increased from ¥3,294,177,442.18 to ¥5,615,608,775.00, an increase of approximately 70.5%[16] - Shareholders' equity increased from ¥12,638,355,396.36 to ¥12,903,222,142.88, an increase of approximately 2.1%[17] - The total liabilities amounted to ¥8,829,142,400.35, slightly up from ¥8,734,911,480.46 in the previous year[22] Shareholder Information - The total number of shareholders at the end of the reporting period was 170,729[7] - The largest shareholder, the National Integrated Circuit Industry Investment Fund, held 19.00% of the shares[7] Cost Management - The company optimized its product purchasing and sales model, resulting in an 8.03% decrease in both revenue and cost, with a hypothetical revenue of 6,511,000,000 RMB if calculated using the gross method, reflecting a 44.22% increase year-on-year[5] - Total operating costs for Q1 2020 were ¥5,595,881,356.04, compared to ¥4,960,479,797.74 in Q1 2019, reflecting a 12.8% increase[22] Research and Development - Research and development expenses increased to ¥214,447,183.03 in Q1 2020, up from ¥172,776,325.03 in Q1 2019, indicating a focus on innovation[22] Government Subsidies - The company reported a government subsidy of 34,096,572.65 RMB, which is closely related to its normal business operations[6] - The company reported a 76.20% decline in other income to ¥34,096,572.65, mainly due to a decrease in government subsidies received[11] Financial Management - Financial expenses decreased by 40.77% to ¥146,866,963.10, attributed to reduced interest expenses and exchange losses[11] - The company aims to continue expanding its market presence and investing in new technologies to drive future growth[21]

Financial Performance - The company's operating revenue for 2019 was approximately ¥23.53 billion, a decrease of 1.38% compared to ¥23.86 billion in 2018[16]. - The net profit attributable to shareholders was ¥88.66 million, a significant recovery from a loss of ¥939.32 million in 2018[16]. - The net cash flow from operating activities increased by 26.59% to ¥3.18 billion, up from ¥2.51 billion in the previous year[16]. - The total assets at the end of 2019 were approximately ¥33.58 billion, a decrease of 2.46% from ¥34.43 billion in 2018[16]. - The net assets attributable to shareholders increased by 2.73% to ¥12.63 billion, compared to ¥12.29 billion at the end of 2018[16]. - Basic earnings per share for 2019 were ¥0.06, recovering from a loss of ¥0.65 per share in 2018[17]. - The weighted average return on net assets was 0.71%, a significant improvement from -9.15% in 2018[17]. - The company reported a decrease in financial expenses and asset impairment losses, contributing to the turnaround in net profit[17]. Research and Development - The company plans to continue focusing on R&D and market expansion to drive future growth[16]. - The company’s R&D investment in 2019 focused on emerging applications such as 5G, AI, HPC, and automotive, with a significant emphasis on developing integrated RFFE modules and advanced packaging technologies[47]. - The company has two major R&D centers in China and Singapore, focusing on high-density integrated circuit packaging technology[32]. - The company applied for 158 new patents in 2019, reflecting its commitment to technological innovation[34]. Market Position and Industry Trends - The semiconductor packaging and testing industry is expected to grow rapidly, driven by advancements in 5G, artificial intelligence, and cloud computing technologies[26]. - China's integrated circuit sales revenue reached CNY 756.23 billion in 2019, representing a year-on-year growth of 15.8%[27]. - The company is positioned in the semiconductor packaging and testing sector, which is crucial for the integrated circuit supply chain, serving design companies and system integrators[28]. - The global semiconductor market revenue was approximately USD 419.1 billion in 2019, reflecting a decline of 12% compared to 2018[25]. Corporate Governance and Compliance - The company reported a standard unqualified audit opinion from Ernst & Young Hua Ming[2]. - The company emphasizes the importance of accurate and complete financial reporting[2]. - The company has a clear commitment to ensuring the authenticity of the annual report[2]. - The board of directors and supervisory board members were present at the meeting[2]. - The company has established a governance structure that complies with relevant laws and regulations, ensuring the protection of shareholder rights and interests[159]. Environmental and Social Responsibility - The company invested over 36.89 million RMB in environmental protection in 2019, completing five energy-saving and emission-reduction projects[105]. - The total wastewater discharge in 2019 was 2.4447 million tons, with all measured pollutants meeting the discharge standards[107]. - The company’s wastewater treatment facility achieved compliance with the discharge standards for all major pollutants, including COD at 9 mg/L against a standard of 50 mg/L[107]. - The company actively participated in social welfare projects, contributing tens of thousands of RMB to charity initiatives[105]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 119,983, down from 170,729 the previous month[124]. - The largest shareholder, National Integrated Circuit Industry Investment Fund Co., Ltd., holds 304,546,165 shares, representing 19.00% of total shares[125]. - The company has no actual controller, with the top two shareholders having no concerted action relationship[126]. - The company will not distribute cash dividends for the 2019 fiscal year due to a net loss in 2018, as approved by the shareholders[70]. Legal and Regulatory Matters - The company reported significant litigation and arbitration matters during the year, indicating ongoing legal challenges[82]. - Broadcom reached a settlement with STATS ChipPAC PTE. LTD. for a total payment of $1.65 million by December 31, 2020, to resolve a patent infringement dispute[83]. - The company incurred arbitration costs related to claims against STATS ChipPAC for breach of contract and damages, with a total claim amounting to $10.8 million including interest and legal fees[83]. Future Outlook - The company aims to achieve a revenue target of ¥21.93 billion in 2020, representing a 9% increase year-over-year, although this target is subject to market conditions and other uncertainties[65]. - The company plans to invest approximately ¥3.83 billion in fixed assets for 2020, funded by internal resources, raised funds, and bank loans[68]. - The company is considering strategic acquisitions to bolster its position in the semiconductor industry, with a budget of $500 million allocated for potential deals[145].

Financial Performance - Operating revenue for the period from January to September was CNY 16,195,946,797.21, representing a decrease of 10.45% year-on-year[5] - Net profit attributable to shareholders was a loss of CNY 181,878,381.34, compared to a profit of CNY 17,473,068.14 in the same period last year[5] - Operating profit for the year-to-date period was reported at -¥371,342,594.64, a significant decrease compared to the previous year's profit of ¥102,947,712.68[17] - The company's basic earnings per share was reported at -0.11, a decrease from 0.011 in the previous year, reflecting a significant drop in sales and operating profit[17] - The company reported a basic earnings per share of ¥0.05 for Q3 2019, compared to a loss of ¥0.11 in the same quarter of the previous year[32] - The company experienced a net profit of ¥16,765,939.05 in Q3 2019, a recovery from a net loss of ¥77,288,014.84 in the same quarter of the previous year[34] Cash Flow - Net cash flow from operating activities for the period was CNY 1,362,437,514.36, an increase of 15.20% compared to the previous year[5] - Cash flow from financing activities showed a net outflow of -¥1,325,319,786.22, compared to a net inflow of ¥5,150,136,946.68 in the previous year[18] - The total cash inflow from financing activities was CNY 12,723,195,709.63, slightly down from CNY 12,971,997,533.52 in the previous year[38] - The net cash flow from financing activities showed a significant decline to -CNY 1,325,319,786.22 compared to a positive CNY 5,150,136,946.68 in the same period of 2018[38] - The total cash inflow from operating activities for the first three quarters of 2019 was CNY 17,224,635,672.54, a decrease of 5.75% compared to CNY 18,271,998,824.90 in the same period of 2018[36] Assets and Liabilities - Total assets at the end of the reporting period were CNY 34,028,641,742.53, a decrease of 1.16% compared to the end of the previous year[5] - Current liabilities due within one year decreased by 74.30% to ¥1,356,850,707.63 from ¥5,280,194,159.04, mainly due to early redemption of preferred notes and repayment of syndicated loans[16] - Total liabilities decreased to ¥21,715,269,663.11 from ¥22,132,236,947.35, a decline of about 1.88%[24] - Current liabilities totaled ¥17,489,339,420.76, down from ¥18,404,877,246.77, indicating a reduction of approximately 4.97%[24] - Non-current liabilities increased to ¥4,225,930,242.35 from ¥3,727,359,700.58, reflecting an increase of about 13.39%[24] Shareholder Information - The total number of shareholders at the end of the reporting period was 104,698[9] - The top three shareholders are: National Integrated Circuit Industry Investment Fund Co., Ltd. (19.00%), Chipone Technology (Shanghai) Co., Ltd. (14.28%), and Jiangsu Xinchao Technology Group Co., Ltd. (4.999999%)[9] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 31,514,190.35 during the reporting period[8] - The company reported a total of CNY 33,966,927.74 in non-operating income for the current period[8] - Other income increased by 78.15% to ¥216,505,209.68 from ¥121,526,938.31, mainly due to an increase in government subsidies received[17] Investment and Equity - Long-term equity investments increased to ¥9,297,230,202.10 from ¥7,804,912,001.84, representing a growth of approximately 18.99% year-over-year[26] - The company's equity attributable to shareholders increased to ¥12,309,208,830.32 from ¥12,292,223,960.10, a growth of approximately 0.14%[24] - The company reported an undistributed profit of CNY -1,450,654,827.17, indicating a negative retained earnings situation[47] Inventory and Accounts Receivable - Accounts receivable rose to ¥998,035,567.26 from ¥722,490,727.75, showing an increase of about 38.19%[26] - Inventory decreased slightly to ¥1,083,375,156.73 from ¥1,099,837,677.62, a reduction of approximately 1.50%[26]

Financial Performance - The company reported a total revenue of 1.5 billion yuan for the first half of 2019, representing a year-on-year increase of 15%[2]. - The net profit attributable to shareholders was 200 million yuan, an increase of 10% compared to the same period last year[2]. - The company's revenue for the first half of 2019 was CNY 9,148,461,566.08, a decrease of 19.06% compared to CNY 11,302,729,862.68 in the same period last year[22]. - The net profit attributable to shareholders was a loss of CNY 258,898,551.35, compared to a profit of CNY 10,859,244.31 in the previous year[22]. - The net cash flow from operating activities was CNY 817,077,700.48, down 29.49% from CNY 1,158,834,679.90 year-on-year[22]. - The basic earnings per share for the first half of 2019 was -CNY 0.16, compared to CNY 0.008 in the same period last year[23]. - The company reported a significant increase in other income, which rose by 113.31% to approximately ¥184.99 million, mainly due to increased government subsidies[40]. - The company reported a net loss of CNY 1,450,654,827.17 in retained earnings[183]. Market Outlook and Strategy - Future outlook indicates a projected revenue growth of 12% for the second half of 2019, driven by increased demand in the integrated circuit market[2]. - Market expansion efforts include entering two new international markets, with an expected contribution of 5% to total revenue by the end of 2019[2]. - The company plans to launch two new product lines in Q4 2019, targeting a 10% increase in market penetration[2]. - The company expects a continued decline in the semiconductor market, with a forecasted 12.1% decrease in global semiconductor sales revenue for 2019[28]. - The company aims to enhance integration efforts and reduce redundancy in its operations, particularly focusing on strategic customer collaborations for new product development[39]. - The company is actively investing resources into the research and trial production of 5G products to capitalize on emerging market opportunities[39]. Investments and Acquisitions - The company has completed the acquisition of a local competitor for 150 million yuan, which is expected to enhance its market share by 8%[2]. - The company is investing 300 million yuan in R&D for new packaging technologies aimed at enhancing product performance and reducing costs[2]. - The company raised a total of RMB 2.61 billion through a private placement to fund semiconductor projects, with all projects completed by the reporting date[93]. Risks and Challenges - The company has identified potential risks including supply chain disruptions and fluctuating raw material prices, which could impact future profitability[2]. - The company faces risks including market maturity in the smartphone sector, international operational environment changes, and high short-term debt ratios, which may impact business growth and profitability[54]. Environmental and Compliance - The company has established an environmental management system for wastewater treatment through its subsidiary, ensuring compliance with pollution discharge standards[76]. - The total wastewater discharge for 2019 was 405.897 million tons, with a half-year actual discharge of 112.83 million tons[77]. - The company has committed to proper disposal of hazardous waste through qualified third-party services[87]. - The company’s environmental impact assessments and permits are in compliance with relevant laws and regulations[83]. Shareholder Information - The total number of ordinary shareholders reached 125,832 by the end of the reporting period[94]. - The largest shareholder, National Integrated Circuit Industry Investment Fund, holds 304,546,165 shares, representing 19.00% of the total shares[95]. - The second largest shareholder, Shanghai Chip Electric Co., Ltd., holds 228,833,996 shares, accounting for 14.28% of the total shares[95]. Financial Position and Assets - The company's total assets decreased by 5.18% to CNY 32,643,242,009.52 from CNY 34,427,401,030.36 at the end of the previous year[22]. - The company's total current assets were reported at approximately CNY 10.91 billion[178]. - The company reported a total of CNY 2.27 billion in intangible assets, which includes development costs[179]. - The company’s total liabilities included short-term borrowings of CNY 7.13 billion and accounts payable of CNY 4.17 billion[179]. Accounting and Financial Reporting - The company has undergone a change in accounting policy, adjusting the financial statement format as per the new regulations issued on April 30, 2019[88]. - The adjustments in the financial statements did not significantly impact the company's financial position or operating results[89]. - The financial statements were approved by the board of directors on August 27, 2019, ensuring compliance with regulatory requirements[130]. - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance of China[130]. Research and Development - Research and development expenses increased by 35.23% to approximately ¥348.63 million, reflecting a focus on product development[40]. - The company received 87 patent authorizations and filed 56 new patents in the first half of 2019, totaling 3,735 patents by the end of the reporting period[37]. Cash Flow and Financing - The net cash flow from operating activities decreased to ¥79,610,512.95 in the first half of 2019, down from ¥309,928,482.89 in the same period of 2018, representing a decline of approximately 74.3%[118]. - The total cash inflow from financing activities increased significantly to ¥9,270,350,046.83 in the first half of 2019, compared to ¥5,196,792,575.53 in the same period of 2018, marking an increase of about 78.5%[117]. - The cash inflow from operating activities totaled ¥3,759,808,653.27 in the first half of 2019, down from ¥4,324,450,061.27 in the same period of 2018, a decrease of about 13.1%[118].

Financial Performance - Operating revenue fell by 17.77% to CNY 4.51 billion year-on-year[4] - Net profit attributable to shareholders was a loss of CNY 46.52 million, compared to a profit of CNY 5.25 million in the same period last year[4] - The company's operating profit for Q1 2019 was -227,370,120.31, a significant decrease compared to 10,996,880.02 in Q1 2018, primarily due to a decline in sales[9] - The net profit attributable to shareholders for Q1 2019 was -46,516,845.29, down from 5,250,811.50 in the same period last year, reflecting a decrease in operating profit[9] - Total operating revenue for Q1 2019 was ¥4,514,773,490.97, a decrease of 17.7% compared to ¥5,490,474,983.61 in Q1 2018[21] - Net profit for Q1 2019 was a loss of ¥46,056,242.21, compared to a profit of ¥9,575,145.22 in Q1 2018[22] - Basic earnings per share for Q1 2019 were -¥0.03, compared to ¥0.004 in Q1 2018[23] Assets and Liabilities - Total assets decreased by 8.01% to CNY 31.67 billion compared to the end of the previous year[4] - Total liabilities decreased to ¥19.63 billion from ¥22.13 billion, a reduction of 11.3%[16] - The company's total assets were reported at ¥31.67 billion, down 8.1% from ¥34.43 billion[16] - Total current assets amounted to approximately ¥8.37 billion, a decrease of 23.2% from ¥10.91 billion on December 31, 2018[13] - Total non-current assets were approximately ¥23.30 billion, a slight decrease from ¥23.52 billion, representing a decline of 1.0%[15] - Short-term borrowings rose by 50.65% to 10,739,573,058.22, primarily to redeem $425 million in preferred shares and repay $246 million in syndicated loans[8] Cash Flow - Net cash flow from operating activities increased by 20.03% to CNY 169.19 million[4] - Cash flow from financing activities showed a net outflow of -1,699,379,444.28, significantly higher than the inflow of 237,714,169.54 in the previous year, primarily due to debt repayments[10] - Cash flow from operating activities for Q1 2019 was CNY 169,193,210.11, an increase of 20.1% from CNY 140,963,653.36 in Q1 2018[27] - Cash inflow from financing activities was ¥2,802,650,000.00, significantly higher than ¥725,000,000.00 in the previous period[30] - The company reported a net cash outflow from investing activities of CNY 524,068,832.14 in Q1 2019, an improvement from CNY 754,548,982.32 in Q1 2018[65] Shareholder Information - The company had a total of 116,290 shareholders at the end of the reporting period[6] - The largest shareholder, National Integrated Circuit Industry Investment Fund, held 19.00% of the shares[6] Other Income and Expenses - The company reported a non-operating income of CNY 121.31 million, primarily from government subsidies[5] - Other income surged by 229.70% to 143,267,973.38, mainly due to an increase in government subsidies received[9] - Research and development expenses for Q1 2019 were ¥172,776,325.03, an increase of 15.9% from ¥148,823,481.70 in Q1 2018[21] - Financial expenses rose to CNY 101,037,707.59 in Q1 2019, up from CNY 83,797,393.68 in Q1 2018, indicating a rise of 20.5%[24] Cash and Cash Equivalents - Cash and cash equivalents decreased by 39.47% to CNY 2.89 billion compared to the beginning of the year[7] - The company's cash and cash equivalents were reported at ¥2.89 billion, down from ¥4.77 billion, indicating a decline of 39.7% year-over-year[13] - Cash and cash equivalents at the end of Q1 2019 were CNY 2,131,973,691.50, compared to CNY 1,333,722,868.63 at the end of Q1 2018, representing a growth of 60%[28] Equity - The equity attributable to shareholders decreased to approximately ¥12.03 billion from ¥12.29 billion, a decline of 2.1%[16] - The total equity attributable to shareholders reached approximately ¥12.29 billion, while total equity stood at about ¥12.30 billion[33]

Financial Performance - The company's operating revenue for 2018 was approximately CNY 23.86 billion, showing a slight increase of 0.00% compared to CNY 23.86 billion in 2017[16]. - The net profit attributable to shareholders for 2018 was a loss of approximately CNY 939.32 million, a significant decline from a profit of CNY 343.35 million in 2017[16]. - The net cash flow from operating activities decreased by 34.05% to approximately CNY 2.51 billion in 2018, down from CNY 3.80 billion in 2017[16]. - The company's total assets increased by 12.15% to approximately CNY 34.43 billion at the end of 2018, compared to CNY 30.70 billion at the end of 2017[16]. - The net assets attributable to shareholders increased by 30.14% to approximately CNY 12.29 billion at the end of 2018, up from CNY 9.45 billion at the end of 2017[16]. - The basic earnings per share for 2018 was -CNY 0.65, compared to CNY 0.28 in 2017[17]. - The weighted average return on net assets for 2018 was -9.15%, a decline from 4.89% in 2017[17]. - The company reported a quarterly revenue of approximately CNY 5.49 billion in Q1 2018, CNY 5.81 billion in Q2, CNY 6.78 billion in Q3, and CNY 5.77 billion in Q4[19]. - The net profit attributable to shareholders in Q4 2018 was a loss of approximately CNY 956.79 million, following profits in the first three quarters[19]. - The company achieved a total revenue of CNY 23.86 billion, remaining flat compared to the previous year, with a net loss attributable to shareholders of CNY 939 million due to significant asset impairment losses[47]. Audit and Compliance - The company reported a standard unqualified audit opinion from Ernst & Young Hua Ming[2]. - The financial report is confirmed to be true, accurate, and complete by the responsible persons[2]. - The company has not violated decision-making procedures for external guarantees[3]. - The company has not proposed any capital increase through public reserves or bonus shares[3]. - The company has not faced any risks of suspension or termination of its listing[102]. - The company has not made any changes to its accounting firm during the audit period[102]. - The company has not disclosed any employee stock ownership plans or other incentive measures during the reporting period[106]. - The company has not reported any risks identified by the supervisory board during the reporting period[190]. - Ernst & Young Huaming issued a standard audit report for the company’s financial statements, affirming their fair presentation in accordance with accounting standards[194]. Corporate Governance - The board of directors and supervisory board members were present at the board meeting[2]. - The company has established a robust investor relations management system to maintain communication with investors[181]. - The audit committee provided guidance on the internal control system and actively communicated with auditors during the financial reporting process[189]. - The company’s internal control self-assessment report is available on the Shanghai Stock Exchange website, indicating no significant deficiencies in internal controls[192]. - The governance team is responsible for overseeing the financial reporting process of the company[200]. Market and Industry Trends - The global semiconductor market sales revenue reached USD 468.8 billion in 2018, with a year-on-year growth of 13.7%[26]. - China's integrated circuit market sales grew from RMB 110.9 billion in 2009 to RMB 653.2 billion in 2018, with a compound annual growth rate of 21.78%[28]. - The packaging and testing industry in China experienced a year-on-year growth of 16.1% in 2018[28]. - The company anticipates a decline in global semiconductor market sales revenue by 3.0% in 2019, with integrated circuit sales expected to drop by 4.1%[27]. - The demand for semiconductor packaging technology is increasing due to trends towards miniaturization and enhanced functionality[29]. Research and Development - The company’s R&D expenses increased by 13.26% to CNY 888 million, reflecting its commitment to innovation and technology development[48]. - Research and development expenses totaled CNY 888.39 million, accounting for 3.72% of total revenue, with 5,910 R&D personnel representing 25.04% of the total workforce[58]. - The company received 201 patent grants and filed 195 new patents in 2018, totaling 3,673 patents by the end of the reporting period[43]. - The company filed for 198 new patents in 2018, bringing its total patent applications to 4,923, with 3,674 patents granted[66]. - The company plans to continue developing advanced packaging technologies to meet customer demands and prepare for emerging market applications[59]. Financial Position and Investments - The company's total liabilities increased by 67.30% to approximately CNY 10.14 billion, primarily due to an increase in short-term bank borrowings[50]. - The cash flow from financing activities was approximately CNY 3.60 billion, a 37.75% increase compared to the previous year, driven by increased fundraising activities[50]. - The company’s total assets were adjusted to reflect a new classification of receivables, consolidating accounts receivable and notes receivable into a single line item[96]. - The company’s short-term borrowings increased by 108.15% to ¥7,128,699,854.55, primarily to repay a $200 million perpetual bond and to redeem $425 million in preferred shares[63]. - The company completed a significant equity investment of 350 million RMB in a financing leasing company, increasing its registered capital to 10,649.94 million RMB[71]. Environmental and Social Responsibility - The company invested over 5.3 million yuan in safety production in 2018, implementing comprehensive safety management systems and conducting regular safety checks[127]. - Environmental protection investments totaled over 28 million yuan in 2018, with six energy-saving and emission reduction projects completed, resulting in an annual electricity saving of approximately 110,300 kWh and water savings of 30,000 tons[127]. - The company achieved a total wastewater discharge of 1,187,600 tons in 2018, with all monitored pollutants meeting the discharge standards[129]. - The company’s actual COD discharge in 2018 was 19.23 tons, significantly below the total discharge limit of 70.63 tons per year[131]. - The company has not faced any penalties for environmental violations during the reporting period[139]. Shareholder Information - The total number of ordinary shares increased from 1,359,844,003 to 1,602,874,555 shares after a non-public issuance of 243,030,552 shares[143]. - The largest shareholder changed to the National Integrated Circuit Industry Investment Fund, holding 19.00% of shares, while the second largest shareholder, Chip Semiconductor (Shanghai) Co., Ltd., holds 14.28%[148]. - The total number of ordinary shareholders decreased from 116,290 to 99,644 during the reporting period[149]. - The company has no controlling shareholder or actual controller, as the top three shareholders do not have any concerted action relationship[156]. - The company has a total of 50 retired employees that require financial support[176]. Future Outlook and Strategy - The company plans to enhance its market expansion and product development strategies in the upcoming fiscal year[16]. - The company aims for a total operating income of 24.805 billion RMB in 2019, subject to market conditions and geopolitical factors[82]. - The company plans to invest approximately 2.93 billion RMB in fixed assets for the year to support ongoing and planned projects[85]. - The company is focusing on strategic acquisitions to enhance its competitive position in the market[165]. - The company is committed to sustainability initiatives, aiming for a 50% reduction in carbon emissions by 2030[169].

Financial Performance - Net profit attributable to shareholders decreased by 89.42% to CNY 17.47 million for the first nine months[6] - Operating income rose by 7.27% to CNY 18.09 billion year-on-year[6] - Basic and diluted earnings per share dropped by 90.83% to CNY 0.011[6] - The company reported a net profit of CNY 31.86 million, a significant improvement compared to a net loss of CNY 112.61 million in the same period last year[13] - The operating profit reached CNY 102.95 million, a notable recovery from a loss of CNY 162.72 million in the previous year[13] - Net profit for Q3 2018 was ¥11,126,559.36, a decrease of 86.2% compared to ¥80,362,769.41 in Q3 2017[32] - Net profit for Q3 2018 was a loss of ¥77,288,014.84, compared to a profit of ¥66,898,194.48 in Q3 2017, indicating a significant decline[37] Assets and Liabilities - Total assets increased by 17.86% to CNY 36.18 billion compared to the end of the previous year[6] - Current assets increased to ¥12,404,077,288.03 from ¥8,500,326,649.61, representing a growth of approximately 46.5%[21] - Total liabilities increased to ¥22,672,290,080.46 from ¥21,120,975,295.40, marking an increase of about 7.3%[23] - The company’s total liabilities decreased by 57.79% in long-term payables, reflecting payments made for lease financing[12] - The company’s short-term borrowings rose by 107.21% to CNY 7.10 billion, mainly for repaying perpetual bond principal and interest[12] - Total liabilities as of the end of Q3 2018 amounted to ¥9,467,011,702.49, an increase from ¥8,163,027,171.05 at the end of Q3 2017[27] Cash Flow - Cash flow from operating activities decreased by 54.83% to CNY 1.18 billion compared to the same period last year[6] - The net cash flow from operating activities for the first nine months of 2018 was ¥1,182,684,369.73, down from ¥2,618,439,049.40 in the previous year[40] - Total cash inflow from operating activities was CNY 6,606,017,021.19, an increase of 16.5% from CNY 5,667,586,997.45 year-on-year[43] - Cash and cash equivalents increased by 169.87% to approximately CNY 5.80 billion, primarily due to the arrival of raised funds[12] - Cash and cash equivalents at the end of the period amounted to CNY 5,223,832,597.81, up from CNY 2,411,024,628.58, representing a 116.5% increase[41] - The net increase in cash and cash equivalents for the quarter was CNY 3,484,199,884.07, compared to CNY 632,761,200.69 in the same quarter last year[41] Shareholder Information - The total number of shareholders reached 98,981 by the end of the reporting period[9] - The largest shareholder, National Integrated Circuit Industry Investment Fund, holds 19.00% of the shares[9] Investment and Expenses - Investment cash outflows increased by 333.28% to CNY 369.37 million, primarily due to investments in a leasing company[14] - The company reported a net loss of CNY 120 million from non-recurring gains and losses[6] - Research and development expenses for the first nine months of 2018 were ¥476,543,554.83, slightly up from ¥462,589,950.27 in the same period last year[31] - The company’s financial expenses for the first nine months of 2018 were ¥723,770,671.70, down from ¥776,512,623.99 in the same period last year[31] - The company recorded a loss of ¥1,968,223.83 in investment income for Q3 2018, compared to a loss of ¥873,315.84 in Q3 2017[37] Comprehensive Income - The company reported a total comprehensive income of ¥292,694,506.27 in Q3 2018, compared to a loss of ¥132,644,848.70 in Q3 2017[33] - Total comprehensive income for Q3 2018 was ¥303,821,065.63, a decrease from ¥375,183,268.48 in Q3 2017[38]