Financial Performance - The company's operating revenue for the first half of 2018 was CNY 11.30 billion, an increase of 9.50% compared to CNY 10.32 billion in the same period last year [20]. - The net profit for the reporting period was CNY 20.73 million, a significant improvement from a net loss of CNY 192.97 million in the previous year [20]. - The net profit attributable to shareholders was CNY 10.86 million, down 87.80% from CNY 88.99 million in the same period last year [20]. - The company reported a net cash flow from operating activities of CNY 1.16 billion, a decrease of 20.72% compared to CNY 1.46 billion in the previous year [20]. - The total assets at the end of the reporting period were CNY 32.20 billion, an increase of 4.87% from CNY 30.70 billion at the end of the previous year [20]. - The company achieved a revenue of RMB 5.69 billion from its original long-term operations, reflecting a year-on-year growth of 11.70% [38]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2018, representing a 20% year-over-year growth [61]. - The company provided guidance for the next quarter, projecting a revenue growth of 25% compared to the same period last year, aiming for 1.875 billion [61]. Research and Development - The company applied for 48 patents in the first half of 2018, with a total of 3,602 patents granted by the end of the reporting period [33]. - The company invested RMB 257.81 million in R&D, which is a 5.36% increase compared to the previous year [43]. - Research and development expenses increased by 10%, totaling 150 million, focusing on innovative technologies [62]. - The company has established two major R&D centers in China and Singapore, enhancing its research capabilities in the semiconductor packaging field [33]. Market Position and Strategy - The company ranked third among the top ten global outsourced semiconductor assembly and test (OSAT) providers in terms of sales revenue [31]. - The company achieved a global market share of 7.8% in advanced packaging, ranking third behind Intel and ASE [32]. - The company is focused on expanding its production capabilities and optimizing its global factory layout [40]. - The company aims to enhance strategic cooperation with industry leaders and key customers [40]. - The company is exploring new strategies in market expansion and technology development to sustain growth amid a maturing semiconductor market [56]. Financial Structure and Investments - The company plans to optimize its financial structure and reduce financial costs in the second half of the year [40]. - The company has a significant short-term debt repayment risk due to a high overall debt ratio and large guarantees provided for subsidiaries [56]. - The company is exploring potential acquisitions to enhance its product portfolio, with a budget of 500 million allocated for this purpose [61]. - The company plans to raise a total of up to 4.35 billion CNY through a non-public issuance of A-shares to specific investors, with a lock-up period of 36 months [90]. Environmental Compliance - The company achieved compliance with wastewater discharge standards, with key pollutants such as COD at 8 mg/L against a standard of 50 mg/L [77]. - The company has established pollution prevention facilities and maintains regular operations to ensure compliance with environmental standards [80]. - The company has conducted environmental impact assessments for construction projects and obtained necessary environmental permits [81]. - No penalties were incurred for environmental violations during the reporting period [88]. Shareholder Information - The company has a total of 101,222 common stock shareholders as of the end of the reporting period [96]. - The largest shareholder, Xindian Semiconductor, holds 194,137,798 shares, representing 14.28% of the total shares [98]. - Jiangsu Xinchao Technology Group reduced its holdings by 7,303,398 shares, holding 177,211,524 shares, which is 13.03% of the total [98]. - The National Integrated Circuit Industry Investment Fund holds 129,791,394 shares, accounting for 9.54% of the total shares [98]. Legal and Compliance Matters - The company reported a significant litigation matter during the reporting period, with ongoing arbitration related to a nitrogen product supply contract, involving a claim for damages totaling 29.03 million RMB [65]. - The company’s board approved a proposal for daily related transactions, which was recognized by independent directors and passed at the annual shareholders' meeting [68]. Accounting and Financial Reporting - The company's financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance [138]. - The company confirms its ability to continue as a going concern based on management's assessment [139]. - The company applies the accounting treatment for business combinations under common control and non-common control [145]. - The company recognizes foreign currency transactions at the exchange rate on the transaction date [150].

Financial Performance - The company's operating revenue for 2017 was approximately RMB 23.86 billion, representing a year-on-year increase of 24.54% compared to RMB 19.15 billion in 2016[20]. - The net profit attributable to shareholders of the listed company reached RMB 343.35 million, a significant increase of 222.89% from RMB 106.33 million in the previous year[20]. - The net asset attributable to shareholders of the listed company increased by 105.57% to RMB 9.45 billion at the end of 2017, compared to RMB 4.59 billion at the end of 2016[20]. - The company reported a basic earnings per share of RMB 0.28 for 2017, up 180% from RMB 0.10 in 2016[21]. - The cash flow from operating activities for 2017 was RMB 3.66 billion, an increase of 37.01% from RMB 2.67 billion in 2016[20]. - The company achieved a quarterly revenue of RMB 6.99 billion in Q4 2017, contributing to a total annual revenue of RMB 23.86 billion[24]. - The net profit attributable to shareholders in Q4 2017 was RMB 178.16 million, compared to RMB 76.19 million in Q3 2017[24]. - The company’s total assets at the end of 2017 were approximately RMB 30.70 billion, a 3.30% increase from RMB 29.72 billion at the end of 2016[20]. - The company’s non-recurring gains and losses amounted to RMB 606.21 million in 2017, compared to RMB 312.22 million in 2016[27]. Dividend Distribution - The company plans to distribute a cash dividend of 0.25 CNY per 10 shares, totaling approximately 33.996 million CNY based on the total share capital of 1,359,844,003 shares as of the end of 2017[3]. - The company will carry forward the remaining undistributed profits to the next fiscal year[3]. - The profit distribution plan for 2017 indicates that the retained earnings will be carried forward to the next fiscal year after the dividend distribution[89]. - The net profit attributable to ordinary shareholders for 2017 was 343,346,784.01 CNY, with a cash dividend payout ratio of 9.90%[91]. - The company did not conduct any capital reserve transfers to increase share capital or issue bonus shares in 2017[89]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[2]. - The company has confirmed the accuracy and completeness of the financial report by its responsible persons[2]. - There are no non-operating fund occupations by controlling shareholders or related parties[5]. - The company has not violated decision-making procedures for providing guarantees[5]. - The company has committed to protecting the rights of minority shareholders through transparent decision-making processes and independent director oversight[89]. Risk Management - The company has detailed risk factors in the "Discussion and Analysis of Operating Conditions" section of the report, highlighting potential risks for future development[5]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors[4]. - The company faces risks including market maturity in mobile products, reliance on major customers, and potential impairment of goodwill from overseas acquisitions[85]. Market Position and Growth - The company ranked third among the top ten global outsourced semiconductor assembly and test (OSAT) providers, with 80% of the top twenty semiconductor companies as clients[33]. - The semiconductor packaging and testing industry in China saw a sales growth of 24.8%, with the packaging and testing sector accounting for 34.92% of the total sales revenue[31]. - The company plans to continue expanding its market presence and investing in new technologies to enhance growth prospects[68]. - The company aims for an overall operating target of RMB 25.8 billion for 2018, which is subject to various uncertainties including market changes and integration effects from the acquisition of STATS ChipPAC[83]. Research and Development - The company applied for 226 patents in 2017, with a total of 3,504 patents granted by the end of the reporting period[36]. - Research and development expenses rose to ¥784,361,731.33, marking a 22.96% increase from ¥637,883,212.76 in the same period last year[44]. - The company is actively involved in the research and development of new technologies and products in the semiconductor industry[166]. Environmental and Social Responsibility - The company made an environmental protection investment of over 23 million CNY in 2017, completing four energy-saving and emission reduction projects, resulting in an annual electricity saving of approximately 9.14 million kWh[136]. - The company provided a total of 420,000 CNY in charitable donations and 128,000 CNY in assistance to employees in need during 2017[136]. - The company has established a self-learning platform, with an average training time of no less than 24 hours for operational staff and 48 hours for technical/management personnel[135]. Corporate Governance - The company has no controlling shareholder or actual controller as per the relevant regulations[151]. - The supervisory board consists of 5 members, including 2 employee representatives, effectively overseeing the legality and compliance of the company's operations[193]. - The company emphasizes investor relations management, maintaining communication through various channels such as announcements and direct interactions[196].

Financial Performance - Operating revenue increased by 9.27% to CNY 5.49 billion year-on-year[6] - Net profit attributable to shareholders decreased by 86.29% to CNY 5.25 million compared to the same period last year[6] - Basic earnings per share decreased by 90.00% to CNY 0.004 compared to the previous year[6] - The company reported a net loss of CNY 34.35 million after deducting non-recurring gains and losses[6] - Net profit improved significantly to ¥9,575,145.22 compared to a loss of ¥104,649,461.07 in the previous year, driven by better operational performance[12] - Basic and diluted earnings per share dropped by 90.00% to ¥0.004 due to the impact of asset restructuring completed in 2017[13] - Total operating revenue for Q1 2018 was CNY 5,490,474,983.61, an increase of 9.25% compared to CNY 5,024,584,279.27 in the same period last year[28] - Net profit for Q1 2018 was CNY 9,575,145.22, a significant recovery from a net loss of CNY 104,649,461.07 in the previous year[29] - The basic earnings per share for Q1 2018 was CNY 0.004, down from CNY 0.04 in the same period last year[29] - The company reported an operating profit of CNY 10,996,880.02, a turnaround from an operating loss of CNY 130,732,645.17 in the previous year[28] Cash Flow and Investments - Cash flow from operating activities decreased by 48.53% to CNY 138.08 million year-on-year[6] - Cash flow from operating activities decreased by 48.53% to ¥138,083,388.76, mainly due to increased purchases and payroll expenses[13] - The company received tax refunds of ¥130,142,187.05, a 60.76% increase compared to the previous year, attributed to higher export tax rebates[13] - The cash inflow from operating activities for Q1 2018 was CNY 5,564,718,722.62, an increase of 3.4% compared to CNY 5,381,475,433.93 in the same period last year[33] - The net cash flow from operating activities was CNY 138,083,388.76, down 48.7% from CNY 268,301,121.97 in Q1 2017[34] - The cash outflow for investing activities totaled CNY 807,926,719.27, compared to CNY 589,763,129.53 in the previous year, indicating a significant increase in investment spending[34] - The net cash flow from investing activities was -CNY 754,548,982.32, worsening from -CNY 574,764,061.11 in the prior year[34] - Cash inflow from financing activities was CNY 2,460,517,425.06, up from CNY 2,307,824,562.56 in Q1 2017, reflecting increased borrowing[34] - The net cash flow from financing activities decreased to CNY 240,594,434.14 from CNY 297,518,960.89 year-over-year[34] Assets and Liabilities - Total assets decreased by 2.94% to CNY 29.80 billion compared to the end of the previous year[6] - Total current assets decreased from CNY 8,500,326,649.61 to CNY 7,863,825,123.31, a decline of approximately 7.5%[19] - Cash and cash equivalents decreased from CNY 2,147,761,175.64 to CNY 1,725,400,270.13, a reduction of about 19.6%[19] - Accounts receivable increased from CNY 2,841,233,347.40 to CNY 2,914,837,594.61, an increase of approximately 2.6%[19] - Inventory decreased from CNY 2,313,027,193.43 to CNY 2,203,909,271.87, a decline of about 4.7%[19] - Total liabilities decreased from CNY 21,120,975,295.40 to CNY 20,496,295,722.73, a reduction of approximately 2.9%[21] - Short-term borrowings increased from CNY 3,424,744,929.02 to CNY 3,714,304,645.25, an increase of about 8.4%[20] - Long-term borrowings increased from CNY 3,721,176,242.61 to CNY 3,836,774,975.92, an increase of approximately 3.1%[21] - Total assets decreased from CNY 30,698,704,663.05 to CNY 29,795,410,770.47, a decline of about 2.9%[21] - Non-current assets decreased from CNY 22,198,378,013.44 to CNY 21,931,585,647.16, a reduction of approximately 1.2%[21] - The company's equity attributable to shareholders decreased from CNY 9,445,070,366.79 to CNY 9,165,128,287.62, a decline of about 3.0%[21] Shareholder Information - The number of shareholders reached 87,342 at the end of the reporting period[9] - The top three shareholders are Chip Semiconductor (Shanghai) Co., Ltd., Jiangsu Xinchao Technology Group Co., Ltd., and National Integrated Circuit Industry Investment Fund Co., Ltd.[10] Other Financial Metrics - Non-recurring gains and losses totaled CNY 39.60 million for the reporting period[8] - The weighted average return on net assets decreased by 0.77 percentage points to 0.06%[6] - The company reported a significant decrease in other income, down 97.38% to ¥1,673,498.64, due to the absence of major acquisition project funds received in the previous year[12] - The company plans to issue A-shares as part of its capital raising strategy, approved by the China Securities Regulatory Commission[14] - The company has a profit compensation arrangement in place for the acquisition of minority interests in subsidiaries, with a target net profit of ¥101,000,000 for the years 2017-2019[15] - Employee compensation payments rose to CNY 912,200,115.73, an increase of 9.1% from CNY 836,485,502.86 in Q1 2017[33] - The company reported a significant increase in sales revenue from services, reaching CNY 5,416,180,516.25, compared to CNY 5,243,960,864.51 in the previous year[33] - Other comprehensive income after tax for Q1 2018 was CNY -285,289,465.13, compared to CNY -704,161.24 in the previous year, indicating a significant decline[29]

Financial Performance - Operating revenue for the first nine months reached CNY 16.86 billion, a 26.93% increase year-on-year[6] - Net profit attributable to shareholders for the first nine months was CNY 165.18 million, up 176.63% from the previous year[6] - Net profit attributable to the parent company increased by 176.63% from 59,713,632.26 to 165,184,804.54, driven by growth in original long-term electricity and JSCK turning profitable[13] - The company reported a net loss of CNY 353.54 million after deducting non-recurring gains and losses for the first nine months[6] - Total operating revenue for the first nine months of 2017 reached ¥16,859,806,240.53, an increase of 27.5% compared to ¥13,282,950,673.51 in the same period last year[28] - The net profit attributable to the parent company for the first nine months of 2017 was ¥165,184,804.54, compared to ¥59,713,632.26 in the same period last year, representing an increase of 176.5%[29] - The operating profit for the third quarter was ¥50,718,870.84, a recovery from a loss of ¥174,787,463.06 in the same quarter last year[29] - The company reported a net profit of ¥80,362,769.41 for the third quarter, compared to a loss of ¥112,606,752.02 in the same quarter last year[29] - Net profit for the first nine months of 2017 was ¥210,273,051.94, up from ¥142,701,110.59 in the same period last year, representing a growth of 47.2%[33] Assets and Liabilities - Total assets increased by 5.12% to CNY 31.24 billion compared to the end of the previous year[6] - The company's total capital reserve increased by 181.93% from 2,413,692,361.17 to 6,804,941,744.83 due to share issuance for asset acquisition[12] - The company's total liabilities decreased from CNY 23.05 billion at the beginning of the year to CNY 21.91 billion, representing a reduction of approximately 4.95%[20] - The total liabilities as of the end of the reporting period amounted to ¥8,375,303,019.97, an increase from ¥7,981,130,107.13 at the end of the previous period[28] - The company's equity attributable to shareholders increased significantly from CNY 4.59 billion to CNY 9.19 billion, a growth of approximately 99.57%[20] - The company's current assets reached CNY 9.30 billion, up from CNY 7.74 billion at the beginning of the year, indicating an increase of about 20.26%[18] - The company's financial liabilities decreased by 65.99% from 440,249,987.69 to 149,729,704.37 due to the fulfillment of minimum procurement commitments[12] - The non-current liabilities decreased from CNY 11.66 billion to CNY 11.03 billion, indicating a decline of approximately 5.41%[20] Cash Flow - Net cash flow from operating activities increased by 76.16% to CNY 2.62 billion for the first nine months[6] - Cash flow from operating activities increased by 76.16% from 1,486,435,016.04 to 2,618,439,049.40 due to increased revenue and cash collection[13] - The net cash flow from operating activities for the first nine months of 2017 was ¥2,618,439,049.40, compared to ¥1,486,435,016.04 in the previous year, indicating a year-on-year increase of 76.2%[37] - Total cash inflow from operating activities for the first nine months of 2017 was ¥17,086,322,905.42, compared to ¥12,933,266,187.27 in the previous year, marking an increase of 32.5%[37] - The total cash inflow from financing activities reached CNY 6,930,069,336.07, significantly higher than CNY 3,521,487,520.10 in the previous year, marking an increase of approximately 96.5%[41] - The net cash flow from financing activities was CNY 3,041,111,706.93, up from CNY 1,193,631,126.46 year-on-year, reflecting a growth of approximately 154.5%[41] - Cash received from investment activities was CNY 163,845,433.22, compared to CNY 121,689,606.53 in the previous year, marking an increase of approximately 34.6%[40] Shareholder Information - The top three shareholders do not have any concerted action relationship, ensuring diversified ownership[11] - The company plans to raise up to 455 million through a private placement of A-shares to five specific investors, with a lock-up period of 36 months[14] Other Financial Metrics - The weighted average return on net assets increased by 1.05 percentage points to 2.41%[7] - The diluted earnings per share for the third quarter was CNY 0.12, a 100% increase compared to the same period last year[7] - The company incurred financial expenses of ¥776,512,623.99 for the first nine months, an increase from ¥704,770,670.81 in the same period last year[28] - The gross profit margin for Q3 2017 was approximately 11.97%, compared to 12.5% in Q3 2016, reflecting a slight decline[32] - Basic earnings per share for Q3 2017 were ¥0.05, unchanged from the same period last year[34] - The company incurred financial expenses of ¥53,472,140.58 in Q3 2017, down from ¥77,040,232.23 in Q3 2016, showing a reduction of 30.6%[32]

Financial Performance - The company's operating revenue for the first half of the year reached ¥10,321,881,084.11, representing a 37.42% increase compared to ¥7,511,458,630.46 in the same period last year[21]. - Net profit attributable to shareholders increased significantly to ¥88,992,279.02, a 730.69% rise from ¥10,713,029.95 year-on-year[21]. - The net cash flow from operating activities was ¥1,458,119,746.42, up 78.88% from ¥815,152,856.05 in the previous year[21]. - The company's net assets attributable to shareholders grew by 91.47%, from ¥4,594,684,837.94 at the end of the previous year to ¥8,797,626,937.26[21]. - The company reported a basic earnings per share of ¥0.07, a 600.00% increase from ¥0.01 in the same period last year[22]. - The total operating revenue for the current period reached ¥10,321,881,084.11, a significant increase of 37.7% compared to ¥7,511,458,630.46 in the previous period[110]. - The net profit attributable to the parent company was ¥88,992,279.02, compared to ¥10,713,029.95 in the previous period, indicating a substantial improvement[111]. - The total profit for the current period was -¥153,218,454.61, an improvement from -¥253,956,802.07 in the previous period[111]. Assets and Liabilities - The total assets increased by 4.30%, from ¥29,719,250,916.43 at the end of the previous year to ¥30,996,777,995.43[21]. - The asset-liability ratio decreased from 77.5% to 71% following the acquisition of minority interests in subsidiaries[40]. - The company's total liabilities decreased from CNY 23,046,963,350.01 to CNY 22,062,742,125.20, a reduction of about 4.3%[106]. - Owner's equity rose significantly from CNY 6,672,287,566.42 to CNY 8,934,035,870.23, marking an increase of approximately 33.9%[106]. - The company's total current liabilities decreased from CNY 11,382,594,461.20 to CNY 11,058,613,220.88, a reduction of about 2.8%[105]. Cash Flow - Cash received from sales and services reached ¥10,498,075,319.67, up 44.80% compared to ¥7,249,907,411.72, driven by increased revenue and cash collection[47]. - Cash received from investment recovery surged to ¥140,000,000.00, a 306.33% increase from ¥34,454,982.54, primarily due to the sale of equity in an associated company[47]. - Operating cash inflow for the first half of 2017 was CNY 10,813,471,777.20, an increase of 44.5% compared to CNY 7,467,375,934.87 in the same period last year[117]. - Net cash flow from operating activities was CNY 1,458,119,746.42, up 79% from CNY 815,152,856.05 year-on-year[117]. - Cash and cash equivalents at the end of the period increased to CNY 2,889,673,870.00 from CNY 2,034,713,344.33, reflecting a significant improvement[118]. Shareholder Information - There are no significant changes in the company's share capital or shareholder structure during the reporting period[8]. - The total number of ordinary shareholders at the end of the reporting period was 75,217[90]. - The top three shareholders are: Chip Semiconductor (Shanghai) Co., Ltd., Jiangsu New潮科技 Group Co., Ltd., and National Integrated Circuit Industry Investment Fund Co., Ltd., with no consensus action among them[94]. - The total number of restricted shares at the end of the reporting period was 375,274,003, with an increase of 323,929,192 during the reporting period[89]. - The company has a 36-month lock-up period for newly issued shares from major shareholders, including 194,137,798 shares from Chip Semiconductor (Shanghai) Co., Ltd.[95]. Governance and Compliance - The board of directors and supervisory board confirm the authenticity and completeness of the half-year report[2]. - The company held 2 extraordinary general meetings and 1 annual general meeting during the reporting period, all procedures were legal and valid[64]. - The company has not violated decision-making procedures for providing guarantees to external parties[5]. - The company has not proposed any capital increase plans during the reporting period[65]. - The company’s governance structure remains intact with all meetings conducted in compliance with legal standards[64]. Risks and Challenges - The report includes a detailed description of risk factors that the company may face, which investors are advised to review[6]. - The company faces risks including reliance on major clients, geopolitical risks, and potential impairment of goodwill from overseas acquisitions[62]. - The overall debt ratio of the company is high, indicating certain short-term repayment risks[62]. Research and Development - The company has a strong R&D capability with 2,625 valid invention patents, including 1,718 patents obtained in the United States, covering the mid-to-high-end packaging and testing fields[34]. - R&D expenditure increased by 28.65% to RMB 244.69 million, reflecting the company's commitment to innovation[46]. Strategic Initiatives - The company has outlined its future plans and development strategies, which are subject to investment risks[4]. - The company plans to fully utilize the FC packaging capacity acquired to meet the increasing market demand in the second half of 2017[44]. - The company aims to complete the relocation of its Shanghai factory by September 2017, which is expected to reduce operational costs[44]. Legal and Regulatory Matters - The company reported significant litigation matters during the reporting period, including a tax dispute with the Korean tax authority involving an amount of 1.086 billion KRW[72]. - The company faced a penalty of 9,700 CNY from customs for incorrectly declaring an import item in June 2015[73]. - The company has not reported any major related party transactions during the reporting period[75]. Accounting and Financial Reporting - The financial report for the first half of 2017 has not been audited[3]. - The company has not issued any non-standard audit reports for the financial statements[71]. - The company adheres to the accounting standards set by the Ministry of Finance[135].

Financial Performance - Operating revenue increased by 43.29% to CNY 5,024,584,279.27 year-on-year[6] - Net profit attributable to shareholders rose by 36.03% to CNY 38,297,685.26 compared to the same period last year[6] - Basic earnings per share increased by 47.06% to CNY 0.04 compared to the previous year[6] - Net cash flow from operating activities increased by 40.36% to CNY 268,301,121.97 year-on-year[6] - The company reported a significant increase in user data and market expansion strategies, although specific figures were not disclosed in the report[6] Shareholder Information - The total number of shareholders reached 71,251[9] - The largest shareholder, Jiangsu Xinchao Technology Group Co., Ltd., holds 18.37% of the shares[9] Assets and Liabilities - Total assets decreased by 1.30% to CNY 29,332,407,353.33 compared to the end of the previous year[6] - Total liabilities decreased to ¥22,768,373,409.22 from ¥23,046,963,350.01, a decline of about 1.2%[21] - Total equity decreased to ¥6,564,033,944.11 from ¥6,672,287,566.42, a reduction of approximately 1.6%[21] - Total current assets decreased to ¥7,450,603,517.78 from ¥7,736,220,965.10, a decline of about 3.7%[19] - Total non-current assets decreased to ¥21,881,803,835.55 from ¥21,983,029,951.33, a reduction of approximately 0.5%[20] Cash Flow - Cash flow from operating activities increased by 40.36% to ¥268,301,121.97, driven by higher revenue[13] - Cash and cash equivalents increased to ¥2,505,654,637.76 from ¥2,249,227,428.14, representing a growth of approximately 11.4%[19] - Cash inflow from financing activities was CNY 2,307,824,562.56, significantly higher than CNY 1,345,955,779.27, reflecting an increase of about 71.5%[35] - Net cash flow from financing activities was CNY 297,518,960.89, compared to CNY 106,836,402.18 in the previous year, marking an increase of approximately 178.5%[35] Operating Costs - The operating cost increased by 45.65% to ¥4,531,567,199.23 from ¥3,111,283,097.74, primarily due to increased orders this year[11] - Total operating costs for Q1 2017 were CNY 5,259,950,791.09, up 40.6% from CNY 3,735,929,687.07 in Q1 2016[27] Investment and Financing Activities - The company plans to acquire stakes in Changdian New Technology and Changdian New Peng through a share issuance, with conditional approval from the China Securities Regulatory Commission[14] - The fair value change in investment income decreased by 92.88% to ¥1,130,033.44, compared to ¥15,877,845.66 in the previous year, due to lower dividend distributions from associated companies[11] Changes in Receivables and Payables - Accounts receivable decreased to ¥2,182,491,932.58 from ¥2,721,799,833.41, a decline of about 19.8%[19] - Accounts payable decreased to ¥3,210,278,320.42 from ¥3,774,832,742.97, a decline of approximately 15%[20] Other Financial Metrics - The weighted average return on equity increased by 0.17 percentage points to 0.83%[6] - Non-recurring gains and losses totaled CNY 115,267,514.92 for the period[10]

Financial Performance - The company's operating revenue for 2016 was CNY 19.15 billion, an increase of 77.24% compared to CNY 10.81 billion in 2015[22]. - The net profit attributable to shareholders for 2016 was CNY 106.33 million, representing a 104.50% increase from CNY 51.99 million in 2015[22]. - The cash flow from operating activities for 2016 was CNY 2.67 billion, up 52.88% from CNY 1.75 billion in 2015[22]. - The total assets at the end of 2016 were CNY 29.72 billion, a 16.28% increase from CNY 25.56 billion at the end of 2015[22]. - The company's net assets attributable to shareholders increased by 6.65% to CNY 4.59 billion at the end of 2016 from CNY 4.31 billion at the end of 2015[22]. - The basic earnings per share for 2016 was CNY 0.10, doubling from CNY 0.05 in 2015[23]. - The company experienced a net loss of CNY 205.88 million after deducting non-recurring gains and losses in 2016[22]. - The fourth quarter of 2016 saw operating revenue of CNY 5.87 billion, with a net profit of CNY 46.62 million attributable to shareholders[26]. - The company reported a significant increase in revenue due to the addition of new business from JSCK, contributing CNY 2.368 billion[24]. - The company reported a total operating cost of ¥16,795,786,312.65 for the electronic components segment, which is a 15.10% increase from the previous year[60]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 0.15 CNY per 10 shares, totaling 15,538,722.17 CNY based on a total share capital of 1,035,914,811 shares as of the end of 2016[5]. - The company will not conduct a capital reserve transfer to increase share capital or issue bonus shares for the fiscal year 2016[5]. - The company’s profit distribution plan for 2016 was approved by the board and shareholders, ensuring compliance with corporate governance standards[101]. - The company has maintained a consistent dividend policy over the past three years, with cash dividends paid in 2014, 2015, and 2016[102]. - The cash dividend for the 2015 fiscal year was 0.10 RMB per 10 shares, amounting to 10,359,148.11 RMB, with a net profit attributable to shareholders of 51,997,451.04 RMB, representing 19.92% of the total[102]. - In 2016, the net profit attributable to shareholders was 106,334,424.75 RMB, with a cash dividend payout ratio of 14.61%[102]. Audit and Compliance - The company has received a standard unqualified audit report from Ernst & Young Hua Ming[4]. - The board of directors, supervisors, and senior management confirm the accuracy and completeness of the annual report[2]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, highlighting investment risks[6]. - The company has not provided guarantees in violation of regulatory decision-making procedures[7]. - The company has committed to protecting the rights of minority shareholders through transparent decision-making processes regarding profit distribution[101]. - The audit fee for Ernst & Young Huaming for the year was RMB 2.9 million, with an additional RMB 800,000 for internal control audits[108]. Operational Developments - The company has detailed risk factors in the report, which investors are advised to review in the section discussing future developments[7]. - The report includes a comprehensive discussion and analysis of the company's operational conditions and future outlook[9]. - The company has successfully expanded its customer base, with significant order increases from major domestic clients and notable progress with three major Asian clients[44]. - The company has implemented a new factory for the integrated circuit business center, providing additional capacity for future growth[44]. - The company is focusing on enhancing its IT information management system to improve integration and operational efficiency[45]. - The company has established low-cost production bases in Chuzhou and Suqian, with Suqian showing a 70% reduction in losses compared to the previous year[39]. Market and Industry Position - The company's main business includes integrated circuit packaging and testing, as well as chip design and manufacturing for discrete devices, serving both domestic and international clients[33]. - In 2016, China's integrated circuit industry revenue grew by 20.1%, significantly outpacing the global growth rate of 1.1%, with the packaging and testing sector accounting for 36.08% of total revenue[35]. - The acquisition of STATS ChipPAC has started to show strategic value, with revenue from the JSCK SiP project reaching RMB 2.368 billion and achieving monthly profitability[43]. - The company has maintained a leading position in advanced packaging technology, with significant capabilities in Fan-out eWLB and WLCSP, which are among the fastest-growing segments in the semiconductor industry[37]. - The company is actively pursuing market expansion and strategic acquisitions to strengthen its position in the semiconductor industry[81]. Research and Development - Research and development expenses amounted to 637.9 million RMB, reflecting a growth of 28.83%[49]. - The total R&D expenditure for the period was 637,883,212.76 RMB, representing 3.33% of the operating revenue, with 5,273 R&D personnel, making up 23.32% of the total workforce[72]. - The company holds a total of 1,932 invention patents, with 1,673 patents granted in the United States, covering high-end packaging and testing fields[38]. - The company obtained 323 global patent authorizations during the reporting period, including 162 in the United States and 161 in China, along with 153 new patent applications[74]. Financial Challenges - The company's overall debt ratio remains high, which impacts financial performance, and there are ongoing challenges related to cultural integration and talent acquisition[45]. - The company incurred a financial expense of 964.3 million RMB, which is a 63.20% increase compared to the last year[49]. - The company’s investment activities generated a net cash flow of -4.3 billion RMB, an improvement from -6.2 billion RMB in the previous year[49]. - The company reported a significant increase in operating costs, which rose to 16.9 billion RMB, a significant increase of 90.22% compared to the previous year[49]. Corporate Governance - All directors attended the board meeting, ensuring full participation in decision-making[3]. - The company has established a performance evaluation mechanism for senior management based on annual operational goals[175]. - The company has a clear governance structure, with independent directors ensuring oversight and compliance[150]. - The company has maintained a stable management team, with many members serving since the early 2000s, ensuring continuity in leadership[150]. Employee and Community Engagement - The company allocated over 47 million RMB for charitable donations and provided 120,000 RMB in assistance to employees in need[127]. - The company provides comprehensive onboarding training for new employees, including training on company policies and quality systems[163]. - The company has a policy of ensuring that the average training time per employee is no less than 24 hours annually[163]. - The total compensation for all directors, supervisors, and senior management during the reporting period amounted to CNY 24.416 million[157].

Financial Performance - Operating revenue for the first nine months reached CNY 13.28 billion, a 102.76% increase year-on-year[6] - Net profit attributable to shareholders decreased by 61.17% to CNY 59.71 million compared to the same period last year[6] - The company's operating revenue for the first nine months reached RMB 1,328,295.07 million, a 102.76% increase compared to the same period last year, primarily due to the acquisition of StarTech and the scale production of JSCK in South Korea[18] - The company reported a net profit attributable to shareholders of RMB 5,971.36 million, a decrease of 61.17% compared to the previous year, primarily due to losses from StarTech[18] - Net profit for the first nine months of 2016 was ¥13,282,950,673.51, up from ¥6,551,035,095.05 in the same period last year, reflecting a growth of approximately 102.6%[33] - Total profit for the first nine months of 2016 was CNY 159,346,795.53, a decrease from CNY 58,711,986.87 in the same period last year[39] Assets and Liabilities - Total assets increased by 17.96% to CNY 30.15 billion compared to the end of the previous year[6] - The total liabilities increased by 81.11% to RMB 453,246.66 million, mainly due to the expansion of the company's scale and the production of equipment and materials by JSCK[17] - The total current liabilities reached CNY 13,367,821,913.80, up from CNY 10,311,501,897.73, indicating an increase of approximately 29.9%[26] - Non-current assets totaled CNY 21,339,794,049.03, compared to CNY 18,749,474,868.77 at the beginning of the year, showing an increase of about 13.5%[26] - The company's total assets as of September 30, 2016, amounted to ¥12,411,724,714.05, compared to ¥10,178,150,106.86 at the beginning of the year, marking an increase of about 22.0%[30] - Total liabilities increased to ¥8,303,020,658.93 as of September 30, 2016, from ¥6,201,788,014.22 at the beginning of the year, representing a growth of approximately 33.9%[30] Cash Flow - The net cash flow from operating activities increased by 53.49% to CNY 1.49 billion year-to-date[6] - Cash received from operating activities decreased by 59.28% to 5,769.53 thousand, primarily due to the recovery of note guarantee deposits in the same period last year[19] - The cash inflow from operating activities for the first nine months reached ¥12.93 billion, a significant increase of 79.5% compared to ¥7.22 billion in the same period last year[43] - The net cash flow from operating activities was ¥1.49 billion, up 53.4% from ¥968.4 million year-on-year[43] - The cash inflow from financing activities was ¥7.74 billion, an increase of 12.9% from ¥6.85 billion in the previous year[44] - The net cash flow from financing activities was ¥1.58 billion, down 57.4% from ¥3.70 billion year-on-year[44] Shareholder Information - The total number of shareholders reached 75,350 by the end of the reporting period[13] - Jiangsu Xinchao Technology Group holds 18.37% of the shares, with 51.34 million shares under lock-up and 133.93 million shares pledged[13] Operational Highlights - The company consolidated the revenue of Xinke Jinpeng following its acquisition, which contributed to the revenue growth[8] - The company’s Korean subsidiary, JSCK, achieved revenue of USD 195 million in the third quarter after starting large-scale production[7] - The operating costs for the same period were RMB 1,177,811.17 million, reflecting a 125.24% increase, attributed to the consolidation of StarTech's operating costs and the scale production of JSCK[18] - Accounts receivable increased by 54.46% to RMB 284,051.14 million, mainly due to the scale production of JSCK[17] - Inventory rose by 43.05% to RMB 185,114.13 million, driven by the scale production of JSCK and increased revenue[17] Financial Strategy and Plans - The company plans to acquire 29.41% of Changdian Xinke and 22.73% of Changdian Xinpeng through a share issuance, with total fundraising not exceeding 100% of the asset purchase price[20] - The company received a notice from the China Securities Regulatory Commission (CSRC) regarding the acceptance of its application for the issuance of shares to purchase assets[20] - The company applied to suspend the review of the major asset restructuring due to unclear related policies[20] - The company submitted an application to resume the review of the asset purchase and fundraising plan, which was accepted by the CSRC[21] - The company has committed not to transfer shares held by New Tide Group for 12 months post-transaction completion[21] Other Financial Metrics - The basic earnings per share dropped by 61.59% to CNY 0.06 due to a significant decrease in net profit attributable to shareholders[7] - The company's cash and cash equivalents reached CNY 2,771,103,337.24, up from CNY 2,579,220,055.12 at the beginning of the year, indicating a growth of approximately 7.4%[25] - The company reported a significant increase in fixed assets, which rose to CNY 14,516,788,418.34 from CNY 13,305,447,524.51, a growth of approximately 9.1%[26] - The company recorded other income of CNY 4,141,350.07 in Q3 2016, down from CNY 7,212,215.38 in Q3 2015[39] - The financial expenses for Q3 2016 were CNY 77,040,232.23, compared to CNY 85,025,387.87 in Q3 2015, indicating a decrease of 9.3%[39]

Financial Performance - The company's operating revenue for the first half of 2016 was ¥7,511,458,630.46, representing a 120.15% increase compared to ¥3,411,994,989.11 in the same period last year[21]. - The net profit attributable to shareholders of the listed company decreased by 91.34% to ¥10,713,029.95 from ¥123,647,175.37 in the previous year[21]. - The net cash flow from operating activities increased by 41.11% to ¥815,152,856.05 compared to ¥577,682,589.41 in the same period last year[22]. - The total assets at the end of the reporting period were ¥28,642,842,123.72, a 12.07% increase from ¥25,558,550,123.59 at the end of the previous year[22]. - The basic earnings per share decreased by 92.31% to ¥0.01 from ¥0.13 in the same period last year[23]. - The company experienced a 20.31% increase in operating revenue from its original business, while the loss from the acquisition of Xingke Jinpeng impacted overall net profit[23]. - The weighted average return on net assets decreased by 2.98 percentage points to 0.25% from 3.23% in the previous year[23]. - The company's revenue for the first half of the year reached 7.51 billion RMB, a year-on-year increase of 120.15% due to the acquisition of Star Semiconductor and a 20.31% increase in original Longji's revenue[30]. - The net profit attributable to the parent company was 10.71 million RMB, a significant decline of 91.34% compared to the same period last year, primarily due to losses from Star Semiconductor[31]. Market and Industry Context - The global semiconductor market is expected to see a slight decline in growth for 2016, with Gartner revising its growth forecast from -0.6% to -3.0%[28]. - The global semiconductor sales for Q2 2016 reached $79.1 billion, a 1% increase from the previous quarter but a 5.8% decrease year-on-year[28]. - The company plans to continue monitoring market trends and adjust strategies accordingly in response to global economic uncertainties[28]. Corporate Governance and Compliance - The company emphasizes the importance of accurate and complete financial reporting by its management team[4]. - The company has no violations in decision-making procedures for external guarantees[5]. - There were no non-operating fund occupations by controlling shareholders or related parties[5]. - The company has committed to maintaining transparency and accountability in its financial disclosures[4]. - The company has not planned for capital reserve transfers or stock dividends for the current reporting period[71]. - The company has engaged Ernst & Young Hua Ming as the financial auditor for the fiscal year 2016, with an audit fee not exceeding 3.4 million yuan[91]. Investments and Acquisitions - The company is actively integrating Star Semiconductor, focusing on cross-selling and financial support to improve its operational efficiency[30]. - The company plans to issue shares to acquire stakes in Jiangsu Changjiang Electronics Technology Co., Ltd. and related entities, with the total fundraising not exceeding 100% of the asset purchase price[39]. - Following the acquisition of Starry Sky, the company's industry ranking improved from sixth to fourth, with a global market share increase from 3.9% to 10%[50]. Financial Position and Cash Flow - The total liabilities reached CNY 22,163,641,827.78, up from CNY 18,869,406,006.35, indicating an increase of about 17.0%[114]. - The company's cash and cash equivalents were CNY 2,860,433,191.36, compared to CNY 2,579,220,055.12 at the start of the period, representing a growth of approximately 10.9%[113]. - The total cash inflow from financing activities was ¥5,594,730,074.73, up from ¥5,023,163,548.46 in the previous period, indicating a growth of 11.4%[127]. - The net cash flow from financing activities improved to ¥1,209,337,017.71, compared to ¥473,665,594.43 in the prior period, reflecting a significant increase of 155.5%[130]. Research and Development - R&D expenses increased by 9.73% to 190.20 million RMB, driven by the expansion of research projects[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 96,345[99]. - Jiangsu Xinchao Technology Group holds 190,272,222 shares, representing 18.37% of total shares, with 51,344,811 shares under lock-up conditions[101]. - The company completed a non-public offering of 28,076,710 shares for asset acquisition and 23,268,101 shares for fundraising, increasing registered capital from 984,570,000 to 1,035,914,811 shares[103]. Risk Management - The report includes a risk statement regarding forward-looking statements and future plans[4]. - The company anticipates a significant change in net profit compared to the same period last year, indicating potential losses[72]. - The company is involved in a tax dispute with the Korean tax authority, with a potential liability of approximately RMB 2.24 million[77]. Construction and Expansion Projects - The company is preparing for the relocation of its Shanghai plant and aims to support the expansion of Star Semiconductor's EWLB project to meet customer demand[32]. - The company has ongoing construction projects with varying completion rates, including a new factory and purification renovation projects[68].

Financial Performance - The company's operating revenue for 2015 was CNY 10,807,023,798.60, representing a 68.12% increase compared to CNY 6,428,273,279.53 in 2014[19]. - The net profit attributable to shareholders for 2015 was CNY 51,997,451.04, a decrease of 66.81% from CNY 156,666,468.23 in 2014[19]. - The net profit after deducting non-recurring gains and losses was CNY 5,847,585.09, down 95.24% from CNY 122,723,838.49 in 2014[19]. - The cash flow from operating activities for 2015 was CNY 1,745,946,193.31, an increase of 66.52% from CNY 1,048,518,721.28 in 2014[19]. - The total assets at the end of 2015 were CNY 25,558,550,123.59, a 134.43% increase from CNY 10,902,304,709.68 at the end of 2014[19]. - The net assets attributable to shareholders at the end of 2015 were CNY 4,308,222,116.14, a 14.46% increase from CNY 3,763,850,916.15 at the end of 2014[19]. - The basic earnings per share for 2015 were CNY 0.05, a decrease of 72.22% from CNY 0.18 in 2014[20]. - The diluted earnings per share for 2015 were also CNY 0.05, reflecting a 72.22% decrease from CNY 0.18 in 2014[21]. - The weighted average return on equity for 2015 was 1.41%, down 4.18 percentage points from 5.59% in 2014[21]. Acquisitions and Market Position - The company completed the acquisition of Xinke Jinpeng, enhancing its operational scale, customer resources, and international influence[40]. - The company ranked fourth in the global semiconductor packaging and testing industry, with a market share increase from 3.9% to 10% after the acquisition[35]. - The company plans to enhance its production capacity by relocating Xingke Jinpeng's Shanghai plant to Jiangyin, completing the move by 2017[37]. - The company aims to achieve revenue of 19.1 billion RMB in 2016, with operating costs controlled around 16.8 billion RMB, contingent on the integration of STATS CHIPPAC[84]. - The company plans to focus on high-end packaging technologies and maintain competitiveness in traditional products while leveraging low-cost production bases[83]. Shareholder and Dividend Information - The company plans to distribute a cash dividend of 0.10 CNY per 10 shares based on a total share capital of 1,035,914,811 shares, totaling 10,359,148.11 CNY for the year 2015[2]. - The company will not conduct capital reserve transfers to increase share capital or issue bonus shares for the fiscal year 2015[2]. - The company strictly adhered to its profit distribution policy and decision-making procedures, ensuring the protection of minority investors' rights[88]. - The cash dividend distribution for 2015 was completed on May 28, 2015, in compliance with the company's articles of association and shareholder resolutions[89]. - The company has not proposed any cash profit distribution plan despite having positive distributable profits for the reporting period[93]. Risk Factors and Legal Matters - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantial commitments to investors, highlighting investment risks[3]. - The company has detailed risk factors in the management discussion and analysis section of the report, advising investors to review potential risks[4]. - The company faced a lawsuit regarding tax issues with the Korean tax authority, with a claim amount of 55.3 million KRW, and the next court hearing is scheduled for April 2016[104]. - The company is currently involved in ongoing litigation with the Korean tax authority regarding tax payments made in 2014, with a total claim of 2.24 million KRW[104]. Corporate Governance and Management - The company’s legal representative is Wang Xinchao, and the board secretary is Zhu Zhengyi[11]. - The company appointed Ernst & Young Huaming as the new auditor for the 2015 fiscal year, with an audit fee of 1.7 million RMB, which includes 400,000 RMB for internal control audit[101]. - The company’s independent directors fulfilled their duties and provided independent opinions on the profit distribution proposals[89]. - The company has maintained a stable management team since 2013, with most executives serving in their roles for over a decade[152]. Environmental and Social Responsibility - The total investment in environmental protection for 2015 was over 12.5 million yuan, completing three energy-saving and emission-reduction projects, saving 4,100 tons of water and 702,100 kWh of electricity, resulting in an economic benefit of 543,600 yuan[120]. - The company donated 2.25 million yuan for social welfare, including funding for orphans' education and assistance for employees in need[120]. - The company plans to continue participating in social welfare and ecological environmental protection initiatives[120]. Employee and Training Initiatives - The total number of employees in the parent company is 5,571, while the total number of employees in major subsidiaries is 15,626, resulting in a combined total of 21,197 employees[160]. - The company provides comprehensive training programs, ensuring an average of at least 24 hours of training per employee annually[162]. - The company implemented a training program with an average of no less than 24 hours of training per employee throughout the year[119]. Financial Position and Cash Flow - The total current assets amounted to approximately ¥6.81 billion, an increase from ¥5.05 billion at the beginning of the year[184]. - The company reported a significant increase in accounts receivable, rising to approximately ¥1.84 billion from ¥710.74 million[184]. - Cash and cash equivalents decreased to approximately ¥2.58 billion from ¥2.86 billion[184]. - Total cash and cash equivalents at the end of the year amounted to CNY 2,297,218,958.40, down from CNY 2,533,255,921.89 at the beginning of the year[200].