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].

Financial Performance - The company's operating revenue for Q3 2021 was ¥477,859,903.33, representing an increase of 89.85% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was ¥112,545,122.75, reflecting a growth of 110.54% year-over-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥109,836,708.58, up 136.20% from the previous year[4]. - The basic earnings per share for Q3 2021 was ¥0.7034, an increase of 113.15% compared to the same period last year[5]. - The diluted earnings per share for Q3 2021 was ¥0.7018, reflecting a growth of 112.67% year-over-year[5]. - Net profit for Q3 2021 was ¥267,635,704.98, compared to ¥134,423,932.60 in Q3 2020, indicating a year-over-year increase of about 98.8%[18]. - The company reported a total profit of ¥309,685,668.19 for Q3 2021, up from ¥159,210,123.70 in Q3 2020, indicating an increase of approximately 94.3%[18]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥1,768,476,366.80, a 24.13% increase from the end of the previous year[5]. - The equity attributable to shareholders at the end of Q3 2021 was ¥1,382,779,531.27, up 19.31% compared to the end of the previous year[5]. - Total assets reached ¥1,768,476,366.80, up from ¥1,424,680,778.50, representing a growth of approximately 24% year-over-year[15]. - Total liabilities increased to ¥386,639,526.94 from ¥267,994,004.24, reflecting a growth of about 44% year-over-year[15]. - The total assets and shareholders' equity as of Q3 2021 were ¥1,768,476,366.80 and ¥1,381,836,839.86 respectively, compared to ¥1,424,680,778.50 and ¥1,156,686,774.26 in Q3 2020, showing increases of about 24.1% and 19.4%[16]. - The total liabilities and shareholders' equity as of Q3 2021 were ¥1,768,476,366.80, reflecting a growth of about 24.1% compared to the previous year[16]. Cash Flow - The cash flow from operating activities for the year-to-date was ¥124,146,239.15[5]. - The net cash flow from operating activities for Q3 2021 was ¥124,146,239.15, a significant improvement compared to a net outflow of ¥136,261,373.70 in Q3 2020[21]. - Total cash inflow from operating activities reached ¥1,013,940,913.52, up from ¥387,654,640.99 in the same period last year, indicating a growth of approximately 161%[21]. - Cash outflow for purchasing goods and services was ¥695,100,041.58, compared to ¥412,671,917.51 in Q3 2020, reflecting an increase of about 68.5%[21]. - The net cash flow from investing activities was negative at ¥72,552,959.13, an improvement from a net outflow of ¥250,434,974.53 in Q3 2020[22]. - Cash inflow from investment activities totaled ¥606,570,809.72, down from ¥1,080,720,458.81 in the previous year, representing a decrease of approximately 44%[22]. - The net cash flow from financing activities was negative at ¥55,640,637.11, contrasting with a positive net flow of ¥346,736,266.52 in Q3 2020[22]. - The total cash and cash equivalents at the end of the period stood at ¥76,406,674.65, down from ¥53,659,173.51 in the previous year[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,788[10]. - The largest shareholder, Hong Kong Star Holdings Limited, holds 71,266,800 shares, representing 44.54% of total shares[10]. - There are no reported related party transactions among the top ten shareholders, ensuring transparency in ownership structure[11]. Operational Insights - The company attributed the significant revenue and profit growth to increased sales scale and improved profitability capabilities[8]. - The company has ongoing investments in new technologies and product development, although specific figures were not disclosed in the report[12]. - The company is exploring market expansion opportunities, particularly in the domestic market, to enhance its competitive position[12]. Research and Development - Research and development expenses for Q3 2021 amounted to ¥69,848,024.28, up from ¥52,405,908.29 in Q3 2020, reflecting a growth of approximately 33.4%[18].

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2021, representing a 20% increase compared to the same period last year[9]. - The company's operating revenue for the first half of 2021 was RMB 718,936,689.72, representing a 72.62% increase compared to the same period last year[15]. - The net profit attributable to shareholders was RMB 153,986,354.79, a 90.88% increase year-over-year[15]. - The net profit after deducting non-recurring gains and losses was RMB 141,619,963.59, reflecting a 105.13% increase compared to the previous year[15]. - The basic earnings per share for the first half of 2021 was RMB 0.9624, up 82.93% from RMB 0.5261 in the same period last year[16]. - The company achieved operating revenue of 718,936,689.72 CNY in the first half of 2021, representing a growth of 72.62% compared to the same period in 2020[29]. - The net profit attributable to shareholders was 15,398.64 million CNY, an increase of 90.88% year-on-year[28]. - The company reported a total comprehensive income of CNY 155,042,476.83 for the first half of 2021, compared to CNY 80,615,063.34 in the same period of 2020[91]. Market and Product Development - User data showed a 15% increase in active customers, reaching 1.2 million by the end of June 2021[9]. - The company plans to launch two new semiconductor products in Q3 2021, targeting the automotive and renewable energy sectors[9]. - Future outlook includes a projected revenue growth of 25% for the full year 2021, driven by increased demand in power semiconductor applications[9]. - The company is expanding its market presence in Europe, with plans to establish a new sales office in Germany by the end of 2021[9]. - The company is focused on continuous R&D innovation to meet customer demands and enhance market competitiveness in power semiconductor devices[20]. - The company has developed over a hundred personalized products to meet customer-specific requirements, enhancing long-term cooperation with existing clients[23]. - The company has established itself as a major supplier of IGBT modules in various sectors, including industrial control, new energy vehicles, and renewable energy generation[24]. Research and Development - Research and development expenses increased by 30% year-over-year, reflecting the company's commitment to innovation and new technology development[9]. - Research and development expenses rose to 44,658,834.25 CNY, reflecting a 44.34% increase as the company continues to invest in innovation[29]. - The company was recognized in Forbes' "2021 China's Most Innovative Companies" list, highlighting its commitment to innovation[27]. Financial Position and Assets - The company's total assets increased by 10.88% to RMB 1,579,719,439.00 compared to the end of the previous year[15]. - Cash and cash equivalents increased by 111.62% to ¥169,614,236.10, driven by higher net cash inflows from operating activities[31]. - Trade receivables rose by 24.29% to ¥311,064,615.44, attributed to expanded sales scale[31]. - Construction in progress surged by 148.57% to ¥44,702,552.90, due to increased investment in production and R&D equipment[31]. - Intangible assets grew by 117.92% to ¥57,114,388.22, primarily from land acquisition by subsidiaries[31]. - Other non-current assets increased by 191.70% to ¥51,106,193.36, mainly due to higher prepayments for equipment[31]. Cash Flow and Financing - The company reported a significant increase in cash flow from operating activities, amounting to 144,543,388.58 CNY, compared to a negative cash flow in the previous year[29]. - The company achieved a total cash inflow from operating activities of CNY 904,328,697.09, compared to CNY 294,626,112.06 in the previous year, reflecting a growth of approximately 206.5%[99]. - The net cash flow from financing activities was CNY -55,553,402.30, compared to CNY 341,444,612.74 in the same period of 2020, reflecting a significant decline[100]. - The company reported a profit distribution of -54,240,000.00, indicating a significant loss in profit allocation[102]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions and semiconductor shortages, which may impact future performance[5]. - The semiconductor industry is closely linked to macroeconomic fluctuations, which can negatively impact sales and profits if the economy experiences significant downturns[44]. - The company has acknowledged the ongoing uncertainty in the global economy due to the COVID-19 pandemic, which may impact production and supply chains[44]. Governance and Compliance - The company is committed to enhancing its governance and has outlined plans for shareholder returns over the next three years (2021-2023)[46]. - The company has not reported any changes in its board of directors or senior management during the reporting period[50]. - There were no significant lawsuits or arbitration matters during the reporting period[67]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties[66]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 20,335[75]. - The top ten shareholders hold a total of 38,957,232 shares, representing 44.54% of the total shares[74]. - Hong Kong Star Holdings Limited is the largest shareholder with 71,266,800 shares, accounting for 44.54%[75]. - The report indicates that there were no new shares added for the restricted shareholders during the reporting period[73]. Accounting Policies - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance of China[111]. - The company recognizes foreign currency transactions using the exchange rate at the beginning of the month in which the transaction occurs[122]. - The company applies the effective interest method for calculating interest on financial assets measured at amortized cost[126]. - Revenue is recognized when the company fulfills performance obligations, meaning when the customer obtains control of the related goods or services[163].

Financial Performance - Operating revenue for the period was ¥324,930,942.41, representing a significant increase of 135.70% year-on-year[4] - Net profit attributable to shareholders was ¥75,047,828.47, up 177.23% from the same period last year[4] - Basic earnings per share increased to ¥0.47, reflecting a growth of 161.11% compared to ¥0.18 in the same period last year[4] - The company reported a non-operating income of ¥10,265,487.24 after accounting for various adjustments[6] - Total operating revenue for Q1 2021 was $324.93 million, a significant increase of 135.5% compared to $137.86 million in Q1 2020[18] - Net profit for Q1 2021 reached $75.27 million, representing a 178.1% increase from $27.08 million in Q1 2020[19] - Total comprehensive income for Q1 2021 was $76.02 million, compared to $26.72 million in Q1 2020, indicating a growth of 184.5%[19] Cash Flow - The net cash flow from operating activities was ¥77,885,426.02, a turnaround from a negative cash flow of ¥65,346,033.55 in the previous year[4] - In Q1 2021, the company reported cash inflows from operating activities totaling RMB 334,092,123.46, a significant increase from RMB 67,999,260.20 in Q1 2020, representing a growth of approximately 392%[24] - The net cash flow from operating activities for Q1 2021 was RMB 77,885,426.02, compared to a negative RMB 65,346,033.55 in Q1 2020, indicating a turnaround in operational performance[24] - The company reported cash outflows from financing activities totaling RMB 920,994.27 in Q1 2021, a significant reduction from RMB 99,077,979.03 in Q1 2020[25] - The net cash flow from financing activities was negative RMB 920,994.27 in Q1 2021, contrasting sharply with a positive RMB 379,129,220.97 in Q1 2020, indicating a shift in financing strategy[25] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,512,237,148.69, an increase of 6.15% compared to the end of the previous year[4] - The company's total current assets amounted to RMB 1,089,213,860.07, compared to RMB 1,061,324,388.90 at the end of the previous year[13] - Total liabilities amounted to ¥279,534,853.05, compared to ¥267,994,004.24, indicating a growth of around 4.5%[15] - Current liabilities rose to ¥186,177,080.42 from ¥170,459,693.62, marking an increase of approximately 9.9%[14] - Non-current assets totaled ¥423,023,288.62, an increase from ¥363,356,389.60, reflecting a growth of about 16.4%[14] Shareholder Information - The company had a total of 32,934 shareholders at the end of the reporting period[7] - The largest shareholder, Hong Kong SIDA Holdings Limited, held 44.54% of the shares[7] Research and Development - Research and development expenses increased by 74.64% to RMB 20,581,740.24 from RMB 11,785,170.14, reflecting the company's commitment to enhancing R&D investment[10] - Research and development expenses increased to $20.58 million in Q1 2021, up 74.5% from $11.79 million in Q1 2020[18] Government Subsidies - Government subsidies recognized in the current period amounted to ¥11,196,488.77, contributing positively to the financial results[5]