Financial Performance - The company's operating revenue for Q1 2023 was ¥780,064,459.72, representing a year-on-year increase of 43.79%[4] - The net profit attributable to shareholders for Q1 2023 was ¥206,186,223.02, reflecting a growth of 36.32% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥198,911,099.19, which is a 37.49% increase year-on-year[4] - The basic earnings per share for Q1 2023 was ¥1.21, up by 35.96% from the previous year[4] - Operating profit for Q1 2023 was ¥242,579,031.21, up 35.5% from ¥178,955,498.57 in the same period last year[20] - Net profit attributable to shareholders of the parent company for Q1 2023 was ¥206,186,223.02, compared to ¥151,247,874.52 in Q1 2022, reflecting a growth of 36.4%[20] - The total comprehensive income for Q1 2023 was ¥208,247,794.57, up from ¥152,049,564.90 in the same quarter last year, reflecting a growth of 37%[21] Cash Flow - The net cash flow from operating activities was ¥18,655,548.83, showing a significant decrease of 92.80% compared to the same period last year[4] - In Q1 2023, the company reported cash inflows from operating activities totaling ¥792,934,922.62, a significant increase from ¥593,578,904.95 in Q1 2022, representing a growth of approximately 33.6%[22] - The net cash flow from operating activities for Q1 2023 was ¥18,655,548.83, compared to ¥259,242,885.93 in Q1 2022, indicating a decline of about 92.8%[23] - Total cash outflows from operating activities in Q1 2023 amounted to ¥798,917,688.42, up from ¥396,669,660.94 in Q1 2022, reflecting an increase of approximately 101.0%[23] - The company recorded cash inflows from investment activities of ¥354,965,589.05 in Q1 2023, down from ¥605,321,917.81 in Q1 2022, a decrease of about 41.4%[23] - Cash outflows from investment activities in Q1 2023 were ¥1,022,734,427.90, compared to ¥659,054,043.05 in Q1 2022, representing an increase of approximately 55.2%[23] - The net cash flow from investment activities for Q1 2023 was negative at ¥667,768,838.85, compared to a negative cash flow of ¥53,732,125.24 in Q1 2022[23] - Cash inflows from financing activities in Q1 2023 totaled ¥220,944,317.19, a significant increase from ¥10,075,427.72 in Q1 2022[23] - The net cash flow from financing activities for Q1 2023 was ¥217,605,220.23, compared to ¥7,461,066.07 in Q1 2022, indicating a substantial increase[23] - The company's cash and cash equivalents at the end of Q1 2023 were ¥2,436,384,716.01, down from ¥3,183,604,882.27 at the end of Q1 2022, a decrease of approximately 23.4%[23] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥7,527,583,064.71, an increase of 5.61% from the end of the previous year[6] - The equity attributable to shareholders at the end of Q1 2023 was ¥5,946,092,910.45, which is a 3.63% increase from the previous year-end[6] - The company's total liabilities increased to ¥1,576,141,065.96 in Q1 2023 from ¥1,386,620,772.96 in Q1 2022, marking a rise of 13.7%[18] - The total equity attributable to shareholders of the parent company reached ¥5,946,092,910.45, an increase from ¥5,737,872,812.77 in the previous year[18] - Current assets totaled CNY 5,147,843,888.72, slightly decreasing from CNY 5,158,750,738.01 in the previous year, indicating a decrease of about 0.2%[16] - Cash and cash equivalents decreased to CNY 2,436,774,305.87 from CNY 2,868,113,978.93, representing a decline of approximately 15.0%[14] - Inventory increased significantly to CNY 953,612,657.49 from CNY 701,729,008.76, marking an increase of about 35.8%[16] - Non-current assets rose to CNY 2,379,739,175.99 from CNY 1,969,006,913.11, showing an increase of approximately 20.9%[16] - Accounts payable decreased to CNY 439,024,088.71 from CNY 479,055,630.44, reflecting a decline of about 8.4%[16] - Other receivables increased to CNY 3,362,209.86 from CNY 891,919.97, indicating a significant rise of approximately 276.5%[16] Shareholder Information - The company reported a total of 71,266,800 shares held by the largest shareholder, accounting for 41.73% of the total shares[12] - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder being Hong Kong Star Holdings Limited[12] - The company has not disclosed any related party relationships among the top ten shareholders[12] Research and Development - Research and development expenses for Q1 2023 amounted to ¥43,327,392.00, up from ¥35,309,294.23 in Q1 2022, indicating a 22.7% increase[19] Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2023[24]

中信证券股份有限公司 经中国证券监督管理委员会《关于核准嘉兴斯达半导体股份有限公司首次公 开发行股票的批复》(证监许可[2019]2922 号)核准,由主承销商中信证券股份 有限公司采用网下向符合条件的投资者询价配售和网上向持有上海市场非限售 A 股股份和非限售存托凭证市值的社会公众投资者定价发行相结合的方式发行 人民币普通股(A 股)4,000.00 万股,发行价格为每股 12.74 元。 公司实际已向社会公开发行人民币普通股(A 股)4,000.00万股,募集资金 总额人民币 50,960.00 万元,扣除承销费和保荐费人民币 3,500.00 万元(含税价) 后的募集资金为人民币 47,460.00 万元,已于 2020年 01月 21 日全部到账。本次 募集资金总额人民币 50,960.00万元,扣除各项发行费用(不含税)人民币 5,010.67 万元后,实际募集资金净额人民币 45,949.33 万元。上述资金到位情况业经立信 会计师事务所(特殊普通合伙)验证,并出具了信会师报宇[2020]第 ZA10026 号验资报告。 关于嘉兴斯达半导体股份有限公司 首次公开发行股票并上市及非公开发行 A 股股 ...

Dividend Distribution - The company plans to distribute a cash dividend of 14.3627 CNY per 10 shares (including tax), totaling approximately 245.29 million CNY based on a total share capital of 170,784,280 shares as of December 31, 2022[3]. - The company has not indicated any changes in its share capital that would affect the total dividend distribution amount[3]. - The company declared a cash dividend of CNY 245,292,337.84, which represents 30.00% of the net profit attributable to ordinary shareholders in the consolidated financial statements[103]. Financial Performance - The company's operating revenue for 2022 reached ¥2,705,498,415.90, representing a 58.53% increase compared to ¥1,706,643,165.69 in 2021[16]. - Net profit attributable to shareholders for 2022 was ¥817,642,889.48, a significant increase of 105.24% from ¥398,382,971.15 in 2021[16]. - The net cash flow from operating activities for 2022 was ¥668,352,866.50, up 87.37% from ¥356,710,871.68 in 2021[16]. - Basic earnings per share for 2022 were ¥4.79, a 93.15% increase from ¥2.48 in 2021[17]. - The total assets at the end of 2022 were ¥7,127,757,651.12, reflecting a 29.08% increase from ¥5,522,047,609.02 at the end of 2021[16]. - The net assets attributable to shareholders increased by 14.82% to ¥5,737,872,812.77 at the end of 2022, compared to ¥4,997,248,110.64 at the end of 2021[16]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the authenticity and completeness of the financial report[2]. - The company has maintained its commitment to transparency and accuracy in its financial disclosures, as stated by its management team[2]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees[4]. Risk Factors - The company has detailed potential risk factors in its report, which may affect future development strategies[5]. - The company anticipates risks from macroeconomic fluctuations that could impact sales and profitability across its key markets[74]. - The company acknowledges potential volatility in the new energy vehicle market, which could affect its profitability due to various external factors[75]. Market and Industry Position - The company aims to become a leading global manufacturer of power semiconductor devices and solutions, focusing on innovation and market orientation[24]. - The global power semiconductor market was valued at $48.1 billion in 2022, with expectations to reach $53.2 billion by 2024, indicating strong industry growth[25]. - The IGBT market is projected to grow from $6.3 billion in 2021 to $9.3 billion by 2027, with China holding approximately 40% of the global market share[25]. Research and Development - Research and development expenses increased by 71.45% to CNY 188,880,904.49, reflecting the company's commitment to innovation[36]. - The company plans to increase R&D investment in next-generation IGBT chips and fast recovery diode chips, aiming for international competitiveness in manufacturing processes and performance[69]. - The company has developed over a hundred personalized products to meet customer-specific requirements, enhancing long-term partnerships[30]. Corporate Governance - The total pre-tax remuneration for the chairman and general manager, Shen Hua, was CNY 1.25 million[82]. - The total number of shares held by the management at the beginning and end of the year remained unchanged at 1,091,004 shares[82]. - The company has maintained independence in its operations without significant influence from controlling shareholders[79]. Social Responsibility - The company is actively involved in social responsibility initiatives, including partnerships with local communities for poverty alleviation[119]. - The company donated a total of 3.65 million yuan for educational scholarships to assist impoverished university students[118]. - The company is committed to carbon neutrality and has developed IGBT products that support clean energy generation, electric vehicles, and energy efficiency[116]. Internal Control and Compliance - The company has established a comprehensive internal control management system, ensuring compliance and effective execution of internal controls[108]. - The company conducted an internal control self-assessment and engaged an accounting firm for internal control audits, confirming the effectiveness of its internal control mechanisms[108]. - The company has not reported any significant deficiencies in its internal control during the reporting period[108]. Subsidiaries and International Presence - The company has established multiple sales offices across China and a subsidiary in Switzerland to expand its international market presence[32]. - The company’s subsidiary in Europe achieved operating revenue of 95.17 million yuan, a year-on-year increase of 121.04%, and is expected to maintain rapid growth in 2023[23]. Shareholder Structure - The total number of ordinary shareholders decreased from 42,710 to 23,444 during the reporting period[142]. - The top shareholder, Hong Kong Star Holdings Limited, holds 71,266,800 shares, representing 41.73% of total shares[143]. - The company has no strategic investors or major shareholders with shareholding changes during the reporting period[148].

Financial Performance - The company's operating revenue for 2022 was CNY 2,705,498,415.90, representing a 58.53% increase compared to CNY 1,706,643,165.69 in 2021[16]. - Net profit attributable to shareholders for 2022 reached CNY 817,642,889.48, a significant increase of 105.24% from CNY 398,382,971.15 in 2021[16]. - The net profit after deducting non-recurring gains and losses was CNY 762,356,894.52, up 101.64% from CNY 378,076,385.13 in the previous year[16]. - The net cash flow from operating activities for 2022 was CNY 668,352,866.50, an increase of 87.37% compared to CNY 356,710,871.68 in 2021[16]. - The total assets at the end of 2022 were CNY 7,127,757,651.12, reflecting a 29.08% increase from CNY 5,522,047,609.02 at the end of 2021[16]. - Basic earnings per share for 2022 were CNY 4.79, a 93.15% increase from CNY 2.48 in 2021[17]. - The weighted average return on equity for 2022 was 15.3%, a decrease of 9.41 percentage points from 24.71% in 2021[17]. - The company reported quarterly revenues of CNY 831,309,047.04 in Q4 2022, with a total annual revenue of CNY 2,705,498,415.90[19]. - The company achieved a revenue of CNY 2,705,498,415.90, representing a growth of 58.53% compared to the previous year[35]. - The net profit attributable to shareholders reached CNY 81,764,290, a significant increase of 105.24% year-on-year[35]. Dividend Distribution - The company plans to distribute a cash dividend of 14.3627 CNY per 10 shares (including tax), totaling approximately 245.29 million CNY based on a total share capital of 170,784,280 shares as of December 31, 2022[3]. - The company declared a cash dividend of CNY 245,292,337.84, which represents 30.00% of the net profit attributable to ordinary shareholders in the consolidated financial statements[103]. Audit and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants, ensuring the authenticity and completeness of the financial report[2]. - The company is committed to ensuring the accuracy and completeness of the annual report, with all board members present at the meeting[2]. - The audit committee held four meetings during the reporting period, addressing key financial reports and related proposals[94]. - The internal control audit report issued by the accounting firm provided a standard unqualified opinion, indicating effective internal controls[110]. - The company has established a comprehensive internal control management system, ensuring compliance and effective execution of internal controls[108]. Market and Industry Insights - The global power semiconductor market size was $48.1 billion in 2022, with expectations to reach $53.2 billion by 2024[25]. - The IGBT market size was $6.3 billion in 2021, projected to grow to $9.3 billion by 2027, with China holding approximately 40% of the global market[25]. - The company plans to continue its focus on innovation and market-driven strategies to become a leading global power semiconductor manufacturer[24]. - The company’s new generation of 1200V IGBT chips is expected to start mass supply in 2023, with a current density improvement of over 35% compared to the previous generation[23]. - The company has established strategic partnerships with several global top 10 photovoltaic energy storage companies, enhancing its position in the photovoltaic storage industry[23]. Research and Development - Research and development expenses increased by 71.45% to CNY 188,880,904.49, reflecting the company's commitment to innovation[36]. - The number of R&D personnel is 357, making up 25.27% of the total workforce, indicating a strong focus on research and development[47]. - The company will increase R&D investment in next-generation IGBT chips and fast recovery diode chips, aiming for international competitiveness in manufacturing processes and performance[69]. Risk Management - The company emphasizes the importance of investment risk awareness regarding forward-looking statements made in the report[4]. - The company faces risks from macroeconomic fluctuations that could impact sales and profitability across various sectors, including new energy vehicles and industrial control[74]. - The company is aware of potential market volatility in the new energy vehicle sector, which could affect its profitability despite ongoing investments in R&D[75]. - The company is exposed to foreign exchange risks due to international procurement and sales, which could impact its financial performance if currency fluctuations occur[76]. Corporate Governance - There are no significant differences between the company's governance and the regulations set by the China Securities Regulatory Commission[79]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to ¥7,404,619.68[87]. - The company has not faced any penalties from securities regulatory authorities in the past three years[88]. - The company has not disclosed any significant issues related to corporate governance during the reporting period[111]. Social Responsibility - The company donated a total of 3.65 million yuan for educational support to help impoverished university students[118]. - The company is committed to contributing to the national goals of carbon peak by 2030 and carbon neutrality by 2060 through innovation and product development[117]. - The company is actively involved in carbon reduction efforts, focusing on developing new products that contribute to carbon neutrality[115]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 170,784,280[142]. - The top shareholder, Hong Kong Star Holdings Limited, holds 71,266,800 shares, representing 41.73% of the total shares[143]. - The total number of shares held by the top ten shareholders accounts for a significant portion of the company's equity, with the largest shareholder alone holding over 41%[143]. Financial Position - The total assets as of December 31, 2022, were CNY 7,127,757,651.12, up 29.06% from CNY 5,522,047,609.02 in 2021[165]. - The total liabilities for 2022 were CNY 613,672,100.75, compared to CNY 381,853,213.50 in 2021, reflecting a growth of 60.7%[169]. - The total equity attributable to shareholders reached CNY 5,457,957,542.00, up from CNY 4,812,939,850.17 in the previous year, indicating a growth of 13.4%[169].

证券代码：603290 证券简称：斯达半导 公告编号：2023-021 嘉兴斯达半导体股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2023 年 04 月 17 日(星期一) 上午 09:00-10:00 会 议 召 开 地 点 ： 上海证券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 04 月 10 日(星期一) 至 04 月 14 日(星期五)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 investor-relation@powersemi.com 进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 嘉兴斯达半导体股份有限公司（以下简称"公司"）已于 2023 年 04 月 08 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 ...

Revenue and Profitability - Revenue for Q3 2022 reached ¥720,063,194.68, an increase of 50.68% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2022 was ¥243,628,850.62, up 116.47% year-on-year[4] - Net profit excluding non-recurring items for Q3 2022 was ¥213,500,266.67, reflecting a 94.38% increase compared to the same period last year[4] - Basic earnings per share for Q3 2022 were ¥1.4280, representing a 103.01% increase year-on-year[5] - Net profit for Q3 2022 was CNY 592,289,543.65, compared to CNY 267,635,704.98 in Q3 2021, indicating a year-over-year increase of about 121.5%[20] - The company's total comprehensive income for Q3 2022 was CNY 592,262,897.04, compared to CNY 268,398,565.04 in Q3 2021, indicating an increase of about 120.5%[21] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥6,568,101,050.06, an 18.94% increase from the end of the previous year[5] - Total liabilities as of Q3 2022 amounted to CNY 1,086,076,404.33, up from CNY 525,231,690.58 in the previous year, reflecting a growth of approximately 106.7%[18] - The total non-current liabilities increased to CNY 621,560,474.62 in Q3 2022 from CNY 221,420,796.29 in the previous year, reflecting a growth of approximately 180.5%[18] - Shareholders' equity attributable to the parent company was ¥5,479,904,403.32, a 9.66% increase compared to the previous year-end[5] - The company's total equity attributable to shareholders reached CNY 5,479,904,403.32, an increase from CNY 4,997,248,110.64 in the same quarter last year, marking a growth of about 9.7%[18] Cash Flow - Cash flow from operating activities for the year-to-date was ¥526,111,259.60, reflecting a 323.78% increase[5] - The cash flow from operating activities showed a significant improvement, contributing positively to the overall financial health of the company[20] - The net cash flow from operating activities for the first three quarters of 2022 was RMB 526,111,259.60, compared to RMB 124,146,239.15 in the same period of 2021, representing a significant increase[22] - Total cash inflow from operating activities reached RMB 1,957,164,119.51, up from RMB 1,013,940,913.52 year-over-year[23] - Cash outflow from operating activities was RMB 1,431,052,859.91, compared to RMB 889,794,674.37 in the previous year, indicating increased operational expenditures[23] Investments and Financing - The company reported cash inflow from investment activities of RMB 2,874,544,305.21, a substantial rise from RMB 606,570,809.72 in the prior year[23] - Cash outflow from investment activities totaled RMB 3,329,046,344.95, compared to RMB 679,123,768.85 in the same period last year, leading to a net cash flow from investment activities of -RMB 454,502,039.74[23] - The net cash flow from financing activities was RMB 265,482,666.44, a recovery from a negative cash flow of -RMB 55,640,637.11 in the previous year[24] - The total cash inflow from financing activities was RMB 394,079,906.20, significantly higher than RMB 165,000,102.00 in the previous year[24] - The company received RMB 2,850,000,000.00 from investment recoveries, a notable increase from RMB 604,500,000.00 in the same period last year[23] Market Strategy and Future Plans - The company plans to continue expanding its market presence and enhancing product offerings in the upcoming quarters[9] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 26,808[11] - The largest shareholder, Hong Kong Star Holdings Limited, held 71,266,800 shares, representing 41.73% of the voting rights[11] - The company has not disclosed any significant related party transactions among the top ten shareholders[12] Research and Development - Research and development expenses for Q3 2022 were CNY 126,658,907.81, compared to CNY 69,848,024.28 in Q3 2021, representing an increase of approximately 81.2%[19]

Financial Performance - The company's operating revenue for Q3 2022 was ¥720,063,194.68, representing a year-on-year increase of 50.68%[4] - The net profit attributable to shareholders for Q3 2022 was ¥243,628,850.62, reflecting a significant increase of 116.47% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥213,500,266.67, up 94.38% year-on-year[4] - Net profit for Q3 2022 was ¥592,289,543.65, compared to a net profit of ¥267,635,704.98 in Q3 2021, representing a significant increase[20] - Earnings per share for Q3 2022 were ¥3.4593, compared to ¥1.6658 in Q3 2021, indicating improved profitability[21] - The total comprehensive income for Q3 2022 was ¥592,262,897.04, compared to ¥268,398,565.04 in Q3 2021, showing strong growth[21] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥6,568,101,050.06, an increase of 18.94% from the end of the previous year[5] - The equity attributable to shareholders at the end of Q3 2022 was ¥5,479,904,403.32, which is a 9.66% increase compared to the end of the previous year[5] - The company's total liabilities reached ¥1,086,076,404.33, an increase from ¥525,231,690.58 in the previous year[18] - The total equity attributable to shareholders increased to ¥5,479,904,403.32 from ¥4,997,248,110.64 year-over-year[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥526,111,259.60, showing a significant increase of 323.78%[5] - Cash inflow from operating activities for the first three quarters of 2022 reached ¥1,957,164,119.51, a significant increase from ¥1,013,940,913.52 in the same period of 2021, representing a growth of approximately 93.1%[22] - Net cash flow from operating activities amounted to ¥526,111,259.60, compared to ¥124,146,239.15 in the previous year, indicating a year-over-year increase of about 324.5%[24] - Cash inflow from investment activities totaled ¥2,874,544,305.21, up from ¥606,570,809.72 in 2021, marking an increase of approximately 373.5%[24] - Net cash flow from investment activities was negative at -¥454,502,039.74, worsening from -¥72,552,959.13 in the previous year[24] - Cash inflow from financing activities was ¥394,079,906.20, compared to ¥165,000,102.00 in the same period last year, reflecting an increase of about 138.0%[25] - Net cash flow from financing activities was ¥265,482,666.44, a turnaround from -¥55,640,637.11 in the previous year[25] - The ending cash and cash equivalents balance stood at ¥3,306,998,557.29, significantly higher than ¥76,406,674.65 at the end of the previous year[25] Investments and Expenses - The company reported non-recurring gains of ¥22,652,123.53 for Q3 2022, contributing to the overall profit growth[6] - Research and development expenses for the first three quarters of 2022 were ¥126,658,907.81, up from ¥69,848,024.28 in the same period of 2021, reflecting a focus on innovation[19] - The company has made significant investments in fixed assets, which increased to RMB 489,164,195.97 from RMB 384,205,698.97, a growth of about 27%[16] - The company paid cash for the purchase of goods and services totaling ¥1,086,684,212.48, compared to ¥695,100,041.58 in the same period last year, indicating an increase of about 56.3%[24] Shareholder Information - The company reported a total of 71,266,800 shares held by Hong Kong Star Holdings Limited, representing 41.73% of total shares[11] - The company has a total of 22,660,201 shares held by Zhejiang Xingdeli Textile Co., Ltd., accounting for 13.27% of total shares[11]

Financial Performance - The company's revenue for the first half of 2022 reached ¥1,154,126,174.18, representing a 60.53% increase compared to ¥718,936,689.72 in the same period last year[16]. - Net profit attributable to shareholders was ¥346,544,201.38, a significant increase of 125.05% from ¥153,986,354.79 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥331,530,921.55, up 134.10% from ¥141,619,963.59 year-on-year[16]. - The net cash flow from operating activities was ¥340,861,351.75, reflecting a 135.82% increase compared to ¥144,543,388.58 in the same period last year[16]. - Basic earnings per share for the reporting period (January to June) increased by 111.07% to 2.0313 CNY compared to the same period last year[17]. - Diluted earnings per share rose by 110.84% to 2.0281 CNY year-on-year[17]. - The net profit for the period increased, contributing to an increase in undistributed profits by 28.45% to ¥1,024,615,465.04 from ¥797,666,111.72[33]. - The total comprehensive income attributable to the parent company for the first half of 2022 was ¥348,032,756.97, compared to ¥155,042,476.83 in the same period of 2021, indicating an increase of about 124.5%[86]. Assets and Liabilities - Total assets increased by 9.09% to ¥6,023,749,617.51 from ¥5,522,047,609.02 at the end of the previous year[16]. - The net assets attributable to shareholders at the end of the reporting period were ¥5,232,289,363.76, a 4.70% increase from ¥4,997,248,110.64 at the end of the previous year[16]. - The company's total liabilities rose to ¥790,135,337.95 from ¥525,231,690.58, indicating an increase of about 50.5%[80]. - The company's long-term borrowings increased by 147.13% to ¥255,748,154.49 from ¥103,488,800.00, indicating new bank loans taken during the period[33]. - Total current assets increased to ¥4,862,497,222.71 from ¥4,757,092,134.44, representing a growth of approximately 2.2%[78]. - Total non-current assets increased to ¥1,161,252,394.80 from ¥764,955,474.58, a rise of approximately 52%[79]. Revenue Sources and Market Position - The company's revenue from the new energy sector grew by 197.89% year-on-year, amounting to 546.78 million RMB[27]. - The company supplied IGBT modules for over 500,000 new energy vehicles, with expectations for further increases in the second half of the year[27]. - The company ranked 6th globally in IGBT module market share in 2020, and 1st among Chinese companies, establishing itself as a leader in the domestic IGBT industry[25]. - The global power semiconductor market size reached 42.2 billion USD in 2020, with a year-on-year growth of 4.6%, while China's market size was 15.3 billion USD, growing by 6.3%[22]. Research and Development - Research and development expenses increased by 75.11% to ¥78,201,532.87 from ¥44,658,834.25, reflecting the company's commitment to enhancing R&D investment[29]. - The company emphasizes continuous R&D innovation to meet customer needs and enhance product competitiveness[22]. - The company has developed over a hundred personalized products to meet customer demands, enhancing long-term cooperation with existing clients[25]. - The company is currently engaged in the SiC chip R&D and industrialization project, with a total investment of ¥19,462.57 million and a fundraising target of ¥24,073.23 million[38]. Investment and Expansion - The company is currently expanding its production capacity for IGBT modules for electric vehicles, with a total investment of ¥16,054.98 million[37]. - The ongoing construction of the technology R&D center has seen an investment of ¥5,396.21 million, indicating a focus on enhancing technological capabilities[37]. - The company plans to continue focusing on market-driven innovation to become a global leader in power semiconductor devices[27]. Risk Factors and Compliance - The report includes a detailed description of potential risk factors that may affect the company's future development[4]. - The company faces risks related to macroeconomic fluctuations, which could negatively impact sales and profits due to the semiconductor industry's sensitivity to economic conditions[44]. - The company has confirmed compliance with all regulatory requirements regarding share lock-up periods[63]. - There were no major lawsuits or arbitration matters during the reporting period[66]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 25,510[73]. - The top ten shareholders hold a total of 71,266,800 shares, accounting for 41.77% of the total shares[74]. - The largest shareholder, Hong Kong Star Holdings Limited, holds 71,266,800 restricted shares, which will be tradable on February 5, 2023[76]. - The total number of restricted shares released during the reporting period is 10,606,060 shares[72]. Accounting Policies - The company's accounting currency is Renminbi (RMB)[112]. - The financial statements were approved by the board of directors on August 26, 2022[106]. - The company has not made any significant changes to its accounting policies or estimates during the reporting period[161]. - The company recognizes revenue when control of goods or services is transferred to the customer, with revenue primarily derived from the sale of IGBT modules[149].

Financial Performance - The company's operating revenue for Q1 2022 was RMB 542,492,302.21, representing a year-on-year increase of 66.96%[4] - The net profit attributable to shareholders for Q1 2022 was RMB 151,247,874.52, reflecting a growth of 101.54% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 144,673,769.00, which is an increase of 123.32% year-on-year[4] - Basic earnings per share for Q1 2022 were RMB 0.89, an increase of 89.36% compared to the same period last year[5] - Total revenue for Q1 2022 reached RMB 542,492,302.21, a significant increase of 67.2% compared to RMB 324,930,942.41 in Q1 2021[14] - The company reported a net profit margin improvement, with net profit for Q1 2022 expected to be higher than the previous year, although specific figures were not disclosed[14] - The company reported a total comprehensive income of CNY 152,049,564.90 for Q1 2022, compared to CNY 76,015,521.37 in Q1 2021, indicating an increase of 100.4%[17] Cash Flow - The net cash flow from operating activities for Q1 2022 was RMB 259,242,885.93, up by 232.85% from the previous year[4] - The total cash inflow from operating activities was CNY 655,912,546.87, compared to CNY 334,092,123.46 in Q1 2021, marking an increase of 96.3%[18] - The net cash flow from operating activities for Q1 2022 was CNY 259,242,885.93, a substantial rise from CNY 77,885,426.02 in Q1 2021, representing a growth of 232.5%[18] - The cash inflow from investment activities was CNY 605,321,917.81 in Q1 2022, compared to CNY 316,902,713.70 in Q1 2021, showing an increase of 91.0%[18] - The net cash flow from investment activities for Q1 2022 was -CNY 53,732,125.24, compared to -CNY 42,885,157.68 in Q1 2021, indicating a deterioration in investment cash flow[18] - Cash inflow from financing activities totaled $10,075,427.72, with a net cash flow from financing activities of $7,461,066.07 after outflows of $2,614,361.65[19] - The net increase in cash and cash equivalents for the period was $212,757,751.65, compared to an increase of $33,970,331.26 in the previous period[19] - The ending balance of cash and cash equivalents reached $3,183,604,882.27, up from an initial balance of $2,970,847,130.62[19] - The impact of exchange rate changes on cash and cash equivalents was a decrease of $214,075.11[19] Assets and Liabilities - Total assets at the end of Q1 2022 amounted to RMB 5,739,677,286.85, a 3.94% increase from the end of the previous year[5] - The equity attributable to shareholders at the end of Q1 2022 was RMB 5,152,615,877.62, reflecting a growth of 3.11% year-on-year[5] - Total operating costs for Q1 2022 were RMB 367,497,634.20, up from RMB 244,516,214.45 in Q1 2021, reflecting a year-over-year increase of 50.3%[14] - Non-current liabilities totaled RMB 274,759,643.12, up from RMB 221,420,796.29, marking an increase of 24.1%[14] - The company's total liabilities reached RMB 586,631,577.41, compared to RMB 525,231,690.58, reflecting a rise of 11.7%[14] - The equity attributable to shareholders increased to RMB 5,152,615,877.62 from RMB 4,997,248,110.64, showing a growth of 3.1%[14] Research and Development - Research and development expenses increased to CNY 35,309,294.23 in Q1 2022, up from CNY 20,581,740.24 in Q1 2021, reflecting a growth of 71.7%[16] Market Strategy - The company is focusing on expanding its market presence and enhancing its product offerings, although details on new products or technologies were not provided in the report[14] Shareholder and Governance - There were no significant changes in the shareholder structure or related party transactions reported during the quarter[10] - The company did not apply the new accounting standards for the first quarter of 2022[20]

Financial Performance - The company's operating revenue for 2021 was CNY 1,706,643,165.69, representing a 77.22% increase compared to CNY 963,003,026.98 in 2020[17]. - Net profit attributable to shareholders for 2021 reached CNY 398,382,971.15, a significant increase of 120.49% from CNY 180,682,635.94 in 2020[17]. - The net profit after deducting non-recurring gains and losses was CNY 378,076,385.13, up 143.27% from CNY 155,413,625.83 in 2020[17]. - The company's total assets at the end of 2021 were CNY 5,522,047,609.02, a 287.60% increase from CNY 1,424,680,778.50 at the end of 2020[17]. - Basic earnings per share for 2021 were CNY 2.48, reflecting a 115.65% increase from CNY 1.15 in 2020[18]. - The weighted average return on equity for 2021 was 24.71%, compared to 17.31% in 2020, indicating improved profitability[18]. - The company reported a net cash flow from operating activities of CNY 356,710,871.68 in 2021, a significant recovery from a negative cash flow of CNY -125,565,991.58 in 2020[17]. Business Operations - The company's main business focuses on semiconductor design and manufacturing, specifically in IGBT and MOSFET technologies[9]. - The company's main business revenue in the industrial control and power sector was 1,064.51 million yuan, growing by 50.60% year-on-year, while the new energy sector revenue reached 571.46 million yuan, an increase of 165.95%[25]. - The company supplied IGBT modules for over 600,000 new energy vehicles in 2021, with more than 150,000 units for A-class and above models[25]. - The company expects to increase its overseas market share for automotive IGBT modules in 2022, following successful mass production in 2021[25]. - The company developed a new generation of 650V/750V/1200V IGBT chips based on the seventh-generation technology, with mass production expected to start in 2022[25]. - The company’s IGBT module sales revenue accounted for over 94% of its main business revenue in 2021[28]. Market Trends - The global power semiconductor market was valued at $42.2 billion in 2020, with China's market at $15.3 billion, reflecting year-on-year growth rates of 4.6% and 6.3%, respectively[27]. - The IGBT market in China is projected to reach 52.2 billion yuan by 2025, with a compound annual growth rate of 19.11%[27]. - The company is expanding its product applications in the photovoltaic sector, expecting a rapid increase in market share in 2022[25]. - The company is positioned to benefit from the rapid growth of the new energy and electric vehicle industries, which are driving increased demand for power semiconductor devices[66]. Research and Development - The company's R&D expenses increased by 42.95% to ¥110,169,292.42 from ¥77,066,564.96, reflecting a commitment to innovation and product development[39]. - The company has developed over a hundred personalized products to meet customer demands, enhancing long-term cooperation with existing clients[32]. - The company is focused on developing competitive products in the industrial control and power supply sectors, leveraging its proprietary chip advantages[72]. Corporate Governance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[3]. - The company has a strong management team with extensive experience in the semiconductor industry, including backgrounds from Siemens and Xilinx[85]. - The company’s governance structure includes independent directors, ensuring compliance and oversight in its operations[84]. - The company has not received any penalties from securities regulatory authorities in the past three years[91]. Shareholder Information - The company plans to distribute a cash dividend of 7.01 CNY per 10 shares, totaling 119,594,848.06 CNY based on a total share capital of 170,606,060 shares[4]. - The total number of ordinary shareholders increased from 22,282 to 23,753 during the reporting period[158]. - The largest shareholder, Hong Kong SIDA Holdings Limited, holds 71,266,800 shares, representing 41.77% of the total shares[159]. Financial Position - Cash and cash equivalents at the end of the period reached ¥2,971,226,563.62, representing 53.81% of total assets, a significant increase of 3,607.06% compared to the previous period[52]. - The company reported a substantial increase in financing activities, with net cash flow from financing activities reaching ¥3,518,533,918.81, up 952.07% from ¥334,439,386.67[39]. - The company’s total liabilities reached approximately ¥525.23 million in 2021, compared to ¥267.99 million in 2020, indicating a growth of 96%[183]. Risk Factors - The company faces risks from macroeconomic fluctuations that could impact its sales and profitability due to the semiconductor industry's sensitivity to economic conditions[76]. - The company is also exposed to foreign exchange risks due to its international procurement and sales operations, which are conducted in multiple currencies[78]. Environmental Responsibility - The company is committed to environmental responsibility, actively participating in the development of core semiconductor devices for industries aimed at achieving carbon neutrality by 2060[116]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[115].