Production Capacity and Industry Growth - In 2022, the total monthly production capacity of 12-inch wafer fabs in mainland China was approximately 1.042 million pieces, with a capacity utilization rate of only 66.58% compared to the planned total capacity of 1.565 million pieces[21]. - The production capacity of TOPCon batteries in the photovoltaic sector is expected to exceed 40GW in 2022 and reach nearly 80GW by the end of 2023, with an annual expansion scale projected to exceed 200GW from 2023 to 2025[23]. - The company has expanded its business from the biopharmaceutical and photovoltaic industries to the semiconductor field, with significant growth in orders for wet process equipment since 2015[49]. - The company has received formal orders for wet process single wafer equipment, with increasing order volume and expanding downstream coverage, aligning with the domestic semiconductor expansion cycle[49]. - The company is focusing on providing high-purity process system services and equipment for the semiconductor industry, which is influenced by cyclical fluctuations in downstream investments and international conditions[58]. Strategic Initiatives and Governance - The company aims to strengthen the domestic supply chain for process equipment to enhance business continuity and profitability[27]. - The company plans to utilize mergers and acquisitions to expand its product line and competitiveness in key business areas[27]. - The company has established a governance structure that includes a board of directors, supervisory board, and management team to ensure effective operation and protection of company interests[31]. - The company has implemented a stock option and restricted stock incentive plan to motivate and retain key personnel, with relevant proposals approved in board meetings[39]. - The company has conducted 14 board meetings during the reporting period, with one being an on-site meeting[41]. Financial Performance and Risk Management - Total assets increased to ¥9,817,000,000, with cash and cash equivalents accounting for 10.52% of total assets, a decrease of 31.91% year-over-year[108]. - Accounts receivable rose significantly by 75.07% year-over-year, reaching ¥2,111,952,049.27, indicating strong growth in integrated business[108]. - Inventory increased by 44.13% year-over-year to ¥1,704,929,280.47, driven by larger business scale and increased raw material stocking[108]. - Short-term borrowings increased by 54.68% year-over-year to ¥1,984,601,410.72, reflecting the need for funding to support business expansion[108]. - The company has set policies to control credit risk related to accounts receivable, ensuring overall credit risk remains manageable[29]. Research and Development - The company is focusing on core processes and aims to become a leading provider of semiconductor process equipment, systems, and materials in China[25]. - The company has maintained a strong focus on R&D, design, manufacturing, and complete supply chain capabilities in the high-purity process system field[48]. - The company is focusing on R&D for advanced semiconductor equipment in response to growing demand from downstream manufacturers[156]. - The company has implemented a LAB2FAB® strategy since 2005, emphasizing innovation driven by customer needs and attracting international talent for R&D[55]. Environmental and Social Responsibility - The company has established an environmental monitoring plan to ensure compliance with pollution discharge standards, including regular testing of wastewater, waste gas, and noise[89]. - The company has received no administrative penalties related to environmental issues during the reporting period[91]. - The company has committed to reducing related party transactions and ensuring compliance with legal and internal regulations if such transactions are unavoidable[143]. - The company has made charitable donations totaling 120,000 yuan, including 100,000 yuan to the "Xinggan Baby Program" and 20,000 yuan to the Pinghu Charity Federation[120]. - Environmental protection investments during the reporting period totaled 7.66 million yuan, demonstrating the company's commitment to sustainability[190]. Shareholder Rights and Corporate Governance - The company has committed to maintaining independence and protecting the legal rights of other shareholders, ensuring no illegal occupation of funds[99]. - The company emphasizes the importance of maintaining shareholder rights and interests during the restructuring process[129]. - The controlling shareholders have promised not to interfere with the company's management activities or infringe on its interests[131]. - The company has established a clear framework for managing related party transactions to ensure fairness and transparency[130]. - The company has committed to not providing any financial assistance, including loans or guarantees, to incentive recipients under the fourth phase of the equity incentive plan[133]. Market Competition and Challenges - The company is facing external uncertainties due to international geopolitical tensions, which may impact its operations and revenue, particularly in advanced processes[26]. - The company anticipates that the domestic integrated circuit industry will continue to face pressure from foreign restrictions, particularly in advanced processes[26]. - The company faces potential impacts on sales and profits if competitors engage in price wars to capture market share[112]. - The semiconductor cleaning equipment market is experiencing high concentration, with domestic companies gradually breaking through the monopoly of foreign enterprises[110]. Employee and Workforce Management - The company has organized various training programs for employees, covering onboarding, skills training, and management training to enhance workforce capabilities[5]. - The total number of employees in the company is 1,628, with 485 in production, 149 in sales, and 779 in technical roles[76]. - The company emphasizes performance-based incentives for senior management, linking income to responsibilities and performance[161]. - The company has established a stock incentive plan to motivate employees, with details disclosed in a previous announcement[157].

Workforce and Employment - The company reported a total of 1,628 employees, with 56 in the parent company and 1,572 in major subsidiaries[8] - The company has no retired employees requiring expenses, indicating a stable workforce[8] - The company has a total of 485 production staff, 149 sales personnel, and 779 technical staff, reflecting a strong operational structure[8] - The company has implemented various training programs for employees, covering onboarding, skills training, and safety education[67] Environmental Compliance and Initiatives - The company has implemented carbon reduction measures, achieving a reduction of 1,196 tons of CO2 equivalent emissions through the use of solar power[24] - The company has maintained compliance with environmental regulations, with no pollution incidents reported during the reporting period[16] - The company has no environmental pollution events and has met all emission standards[16] - The company has invested RMB 7,660,000 in environmental protection during the reporting period[77] - The company’s pollution control facilities operated normally, with all major pollutant indicators meeting environmental discharge standards[63] - The company has not experienced any significant environmental violations or received administrative penalties during the reporting period, indicating a strong commitment to environmental protection[82] - The company is classified as a key pollutant discharge unit, with specific pollutants including particulate matter, arsenic compounds, and various acids, all of which are within regulatory limits[82] - The company has reported zero instances of exceeding pollutant discharge limits during the reporting period, demonstrating effective environmental management practices[82] Financial Performance and Shareholder Returns - The company reported a net profit attributable to ordinary shareholders of RMB 282,441,993.73 for the year, with a cash dividend amounting to RMB 42,357,669.36, representing 15% of the net profit[72] - Total cash dividends, including share repurchases, amounted to RMB 87,351,989.36, which is 30.93% of the net profit attributable to ordinary shareholders[72] - The company has not proposed a cash profit distribution plan for the reporting period, citing the need to reserve funds for future business development and to mitigate financial risks[70] - The company plans to distribute a cash dividend of 1.324 yuan per 10 shares (including tax) and issue 2 bonus shares for every 10 shares (including tax) for the year 2022[86] - The net profit attributable to shareholders was RMB 282,441,993.73, a slight increase of 0.24% from RMB 281,764,365.40 in the previous year[137] - The net profit after deducting non-recurring gains and losses increased by 76.03%, reaching RMB 285,451,743.60 compared to RMB 162,159,706.57 in 2021[137] Corporate Governance and Compliance - The company has revised its independent director work system and related transaction decision-making procedures[27] - The company guarantees that it will not engage in any related party transactions that could harm the interests of its shareholders[50] - The company has confirmed that there are no direct or indirect competitive activities with its controlling shareholders or related enterprises[50] - The company has established measures to ensure fair pricing in related party transactions and will adhere to disclosure obligations[50] - The company has committed to linking its compensation system to the execution of measures to compensate for any dilution of immediate returns[34] - The company will not use its assets for unrelated investments or consumption activities[34] - The company has pledged to avoid any illegal occupation of funds or assets from its subsidiaries[50] - The company has stated that it will not provide guarantees or loans to its controlling shareholders or related parties[50] - The board of directors and senior management have confirmed the authenticity and completeness of the annual report, taking legal responsibility for any misstatements[97] Business Growth and Market Position - The total new orders for the year 2022 amounted to 4.219 billion RMB, representing a year-on-year growth of 30.62%[122] - New orders for semiconductor process equipment reached 1.8 billion RMB, an increase of 60.71% compared to the previous year[122] - The company’s core business focuses on providing lifecycle products and services for wafer fabs, covering construction to stable operation phases[123] - The company has established itself as the largest domestic supplier of high-purity process system support equipment, effectively replacing the previous foreign monopoly[125] - The company’s core technology surpasses domestic competitors, with some functions exceeding international brands[125] - The company serves 80% of its business to the integrated circuit field, focusing on semiconductor process equipment and system integration[185] Research and Development - The company has accumulated 623 patent applications, including 299 invention patents, and has 416 authorized patents, emphasizing its commitment to innovation and intellectual property protection[182] - The company has established a semiconductor module and component manufacturing base in Haining, focusing on the independent research and development of key components for wet cleaning equipment[170] - The company has successfully developed core equipment and related control software for high-purity process systems, achieving ppb-level impurity control[174] - The company has established the first domestic 12-inch wafer regeneration line, providing cleaning and surface treatment services for components in processes of 7nm and above[196] Financial Strategy and Cash Flow - The company’s cash flow management strategy includes retaining undistributed profits for operational and investment needs in the semiconductor sector[70] - The net cash flow from operating activities was negative at RMB -807,879,519.50, compared to RMB -190,723,819.30 in the previous year[137] - The company returned 384.71 million RMB of idle raised funds to the fundraising account to supplement liquidity[120] Equipment and Technology Development - The company’s S300 series single-wafer cleaning equipment covers processes from 40nm to 7nm, focusing on critical cleaning applications[188] - The company’s backside clean process can achieve less than 10 remaining particles for wafers above 40 nanometers, with metal contamination controlled within 1E+9 atoms/cm²[187] - The company has built the first fully domestically produced 12-inch wafer advanced process bulk gas supply factory in Shanghai, which has been operating stably for over a year[172] - The company’s wet cleaning equipment can fully cover the market demand for various segments in wafer manufacturing, including advanced process logic circuits and high-density storage[152] - The company’s sulfuric acid recovery system can achieve over 80% recovery, saving users $1.6 to $1.8 million annually in sulfuric acid costs[162] Future Plans and Market Outlook - The company plans to raise up to RMB 1.8 billion through a private placement to fund projects including single-wafer wet process modules and high-purity equipment, supporting existing business expansion and new equipment development[182] - The global semiconductor industry sales increased from $204.4 billion in 2000 to $555.9 billion in 2021, with the semiconductor equipment market reaching $103 billion in 2021, a 42.24% increase from 2020[183] - China's semiconductor self-sufficiency rate is only 27%, with a target of 40% by 2020 and 50% by 2025, indicating significant growth potential in the semiconductor sector[184]

证券代码：603690 证券简称：至纯科技 公告编号：2023-039 上海至纯洁净系统科技股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 会议召开时间：2023 年 04 月 18 日(星期二) 下午 14:00-15:00 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 11 日(星期二) 至 04 月 17 日(星期 一)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 dong_ban@pncs.cn 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。 上海至纯洁净系统科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 8 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 年度经营成果、财务状况，公司计划于 2023 年 04 月 18 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥805,564,737.35, representing a year-over-year increase of 122.51%[6] - The net profit attributable to shareholders for Q3 2022 was ¥81,314,674.75, reflecting a year-over-year increase of 115.60%[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥88,381,118.56, up 133.25% year-over-year[6] - Total operating revenue for the first three quarters of 2022 reached ¥1,925,496,527.87, a significant increase from ¥1,282,514,063.03 in the same period of 2021, representing a growth of approximately 50%[30] - Net profit for the third quarter of 2022 was ¥168,009,959.63, down from ¥184,890,519.74 in the same quarter of 2021, reflecting a decrease of approximately 9.2%[32] - The company reported a decrease in investment income, with a loss of ¥1,255,332.66 in the third quarter of 2022 compared to a gain of ¥5,404,859.23 in the same quarter of 2021[30] - The company’s comprehensive income for the third quarter of 2022 was ¥165,724,207.65, compared to ¥183,389,136.94 in the same quarter of 2021, showing a decrease of approximately 9.6%[32] - The total comprehensive income attributable to the parent company was CNY 161,536,926.18, a decrease from CNY 186,892,616.75 in the same period last year, representing a decline of approximately 13.5%[36] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥8,854,583,237.90, an increase of 11.62% compared to the end of the previous year[8] - The company's total liabilities reached RMB 4,803,407,263.67, up from RMB 3,410,403,879.24, representing a growth of about 40.8%[25] - The company's total liabilities amounted to ¥4,386,684,350.51, an increase from ¥3,642,566,791.65 in the previous year, showing a growth of about 20.4%[30] - The total equity of the company as of September 30, 2022, was RMB 4,051,175,974.23, up from RMB 4,522,613,648.39, showing a decrease of approximately 10.4%[25] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥597,724,216.08, indicating a significant cash outflow[6] - Cash inflow from operating activities totaled CNY 1,760,890,746.05, an increase from CNY 1,421,350,249.52, marking a growth of approximately 24%[40] - Cash outflow from operating activities increased to CNY 2,358,614,962.13 from CNY 1,620,381,796.11, representing a rise of about 45.5%[40] - Cash flow from investing activities was negative at CNY -286,951,051.90, an improvement from CNY -381,985,183.83 in the previous year[40] - Cash flow from financing activities generated a net inflow of CNY 305,948,192.04, compared to a net outflow of CNY -31,341,976.96 in the same period last year[40] Assets Composition - The company's current assets totaled RMB 5,411,190,689.43, up from RMB 4,765,934,666.32 in the previous year, indicating an increase of about 13.5%[22] - Cash and cash equivalents decreased to RMB 954,861,199.46 from RMB 1,519,379,794.47, reflecting a decline of approximately 37%[22] - Accounts receivable rose to RMB 1,502,028,985.09, compared to RMB 1,206,340,036.21 in the previous year, marking an increase of around 24.5%[22] - Inventory increased to RMB 1,608,392,327.28 from RMB 1,182,941,974.51, which is an increase of approximately 36%[22] - The company's non-current assets totaled RMB 3,443,392,548.47, compared to RMB 3,167,082,861.31 in the previous year, indicating an increase of about 8.7%[25] Research and Development - Research and development expenses for the third quarter of 2022 were ¥118,923,654.21, significantly higher than ¥70,238,370.69 in the same quarter of 2021, representing an increase of about 69.5%[30] Orders and Market Trends - The company has seen a significant increase in orders for high-purity systems and semiconductor equipment due to the booming integrated circuit industry[12]

Financial Performance - The company's operating revenue for the first half of the year reached ¥1,119,931,790.52, representing a year-on-year increase of 21.67% compared to ¥920,476,042.92 in the same period last year[23]. - Net profit attributable to shareholders decreased by 45.92% to ¥81,358,912.96, down from ¥150,450,045.52 in the previous year, primarily due to significant government subsidies and fair value adjustments received last year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 128.12% to ¥97,261,547.63, compared to ¥42,635,252.21 in the same period last year, driven by growth in the semiconductor equipment business[25]. - Basic earnings per share decreased by 46.44% to ¥0.256, while diluted earnings per share also fell by 46.33% from ¥0.478 to ¥0.256[23]. - The weighted average return on net assets decreased by 2.43 percentage points to 1.98% from 4.41% in the previous year[23]. - The company achieved a significant growth in orders from major clients, including leading semiconductor manufacturers such as SMIC and Hua Hong, indicating a strong market position[58]. - The company reported a net loss of approximately 52.12 million in the latest financial period[182]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥449,141,498.90, worsening from -¥169,727,841.62 in the previous year[23]. - Cash flow from operating activities for the first half of 2022 was negative at approximately -¥449.14 million, compared to -¥169.73 million in the same period of 2021[165]. - The total cash outflow from operating activities was 1,026,416,339.00 RMB, slightly lower than 1,058,071,669.48 RMB in the previous year[169]. - The net cash flow from financing activities was 190,920,530.02 RMB, compared to 101,664,690.63 RMB in the same period last year, indicating a positive trend[171]. - Cash and cash equivalents at the end of the period totaled 152,419,413.53 RMB, down from 187,647,170.99 RMB year-on-year[171]. Assets and Liabilities - Total assets increased by 8.57% to ¥8,612,541,489.92, compared to ¥7,933,017,527.63 at the end of the previous year[23]. - Total liabilities reached ¥4,203,277,440.82, an increase of 15.4% from ¥3,642,566,791.65[151]. - Total equity increased to ¥4,409,264,049.10, compared to ¥4,290,450,735.98, marking a growth of 2.8%[151]. - The total number of shares after the changes was 319,580,474, with 96.70% being unrestricted shares[134]. Research and Development - The R&D expenses increased by 21.74% to ¥59,224,478.36, reflecting the company's commitment to enhancing technology in the semiconductor sector[62]. - The company continues to invest in the development of advanced process equipment, including multi-reactor chambers and supercritical cleaning technologies, to meet industry demands[30]. - The company has successfully completed multiple core equipment and control software developments for high-purity process systems, achieving ppb-level impurity control[48]. Market Position and Orders - The total new orders amounted to 2.362 billion CNY, a year-on-year growth of 37.33%, with 806 million CNY specifically from semiconductor process equipment[52]. - The semiconductor process equipment segment saw new orders increase by 87.44% to 806 million CNY, with revenue reaching 466 million CNY, up 73.09%, and a gross margin improvement of 11.21 percentage points to 35.11%[54]. - The company has become a leader in high-purity process systems in China, with increasing market share in high-purity gas and chemical supply equipment[36]. Environmental Compliance - The company has reported no significant environmental violations or penalties during the reporting period, maintaining compliance with environmental regulations[88]. - The company has established an environmental self-monitoring plan, conducting regular tests on wastewater, waste gas, and noise to ensure compliance with pollution discharge standards[96]. - The company has implemented measures to reduce carbon emissions, including a 560KWp distributed photovoltaic power generation project on the rooftops of its office and R&D buildings[100]. Corporate Governance and Shareholder Rights - The company has a long-term commitment to avoid any related party transactions that could harm the interests of shareholders[103]. - The company ensures that related party transactions are conducted at fair prices, in compliance with legal procedures, and does not engage in any actions that could harm the company or its shareholders[105]. - The company has committed to maintaining the rights and interests of all shareholders, ensuring that management acts diligently and faithfully[113]. Risks and Challenges - The company faces industry development risks due to cyclical fluctuations in downstream semiconductor sectors affecting market demand and sales margins[73]. - The company relies on imported components for cleaning equipment, exposing it to operational risks from geopolitical tensions[76]. - The company is at risk of losing market share if competitors engage in price wars[77].

Financial Performance - The company's operating revenue for 2021 was ¥2,084,097,721.32, representing a 49.18% increase compared to ¥1,397,056,129.25 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥281,764,365.40, an 8.12% increase from ¥260,599,716.15 in 2020[27]. - The net profit after deducting non-recurring gains and losses was ¥162,159,706.57, up 46.57% from ¥110,639,917.21 in 2020[27]. - Total assets increased by 33.18% to ¥7,933,017,527.63 at the end of 2021, compared to ¥5,956,662,795.43 at the end of 2020[27]. - The weighted average return on net assets decreased to 8.10% in 2021, down 7.93 percentage points from 16.03% in 2020[27]. - The company reported a net cash flow from operating activities of -¥190,723,819.30 for 2021, an improvement from -¥280,927,495.31 in 2020[27]. - The basic earnings per share for 2021 was ¥0.891, a decrease of 12.04% from ¥1.013 in 2020[27]. - The company achieved a quarterly revenue of ¥801,583,658.29 in Q4 2021, contributing to the overall annual growth[29]. - Non-recurring gains included government subsidies amounting to ¥84,055,571.01 in 2021, compared to ¥12,850,035.77 in 2020[34]. Risk Management and Governance - The company received a standard unqualified audit report from Zhonghua Certified Public Accountants[5]. - There were no significant risks that materially affected the company's operations during the reporting period[8]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties[8]. - The board of directors and supervisory board members ensured the authenticity, accuracy, and completeness of the annual report[4]. - The financial report was signed and sealed by the company's responsible persons and accounting personnel, ensuring its integrity[5]. - The company did not face any violations in decision-making procedures regarding external guarantees[8]. - The company has outlined potential risks in its management discussion and analysis section[8]. - The company is committed to maintaining transparency and accountability in its financial disclosures[4]. - The company has established a governance structure that includes a board of directors, supervisory board, and management team, ensuring clear responsibilities and checks and balances[137]. - The company has not disclosed any significant differences in governance compared to regulations set by the China Securities Regulatory Commission[137]. - The company has not reported any measures affecting its independence from controlling shareholders or actual controllers[137]. - The company’s independent directors and supervisors have maintained their shareholdings without any changes during the reporting period[142]. - The company’s governance practices comply with relevant laws and regulations, ensuring effective operation[137]. Research and Development - The company has filed 551 patent applications, with 322 patents granted, including 250 invention patents[71]. - The company has a total of 240 R&D personnel, accounting for 16.32% of the total workforce[91]. - The number of R&D personnel with a master's degree is 30, while those with a bachelor's degree total 138[94]. - Research and development expenses amounted to ¥144,407,020.22, reflecting a 51.18% increase from ¥95,522,856.82 in the previous year[76]. - Total R&D investment reached ¥302,291,088.79, accounting for 14.50% of operating revenue, with 52.23% of R&D costs capitalized[90]. - The company is committed to optimizing its internal management and processes to ensure stable operations and risk mitigation in a changing market environment[130]. - Investment in research and development is prioritized, with a budget allocation aimed at innovative solutions[151]. Market Position and Strategy - The company’s semiconductor-related business accounts for over 70% of its total operations, highlighting its focus on this critical sector[47]. - The company is positioned to benefit from the ongoing global semiconductor supply chain challenges, with lead times extending to 25 weeks as of December 2021[44]. - The domestic semiconductor equipment market demand accounts for nearly 30% of the global market, maintaining its status as the largest market[46]. - The company achieved a total revenue of RMB 2.084 billion, representing a year-on-year increase of 49.18%[75]. - The total new orders amounted to RMB 3.230 billion, representing a year-on-year growth of 64.80%, with semiconductor equipment orders reaching RMB 1.120 billion, up 111.32%[39]. - The company plans to issue convertible bonds totaling up to RMB 1.1 billion to support various R&D projects and manufacturing initiatives[43]. - The company aims to achieve over 4 billion CNY in new orders for 2022, with over 2 billion CNY specifically for wet process equipment, expecting single-piece equipment to account for 60% of new orders[127]. - The company plans to double its wet process equipment production capacity in 2022 compared to 2021, focusing on high-end single-piece equipment to meet the demand for advanced process production lines[128]. - The company’s long-term strategy is to become a leading domestic supplier of semiconductor process equipment and materials, participating in international competition[123]. - The company emphasizes attracting international talent for R&D and innovation, focusing on customer needs to drive product development[126]. Environmental and Social Responsibility - The company has committed to reducing carbon emissions through various initiatives, including a 560KWp distributed photovoltaic power generation project[193]. - The company has established a rainwater collection system with a capacity of 30 cubic meters for irrigation and cleaning purposes[193]. - The company has maintained compliance with environmental protection standards, with no pollution incidents reported during the reporting period[192]. - The company guarantees to strictly adhere to commitments regarding the protection of shareholders' rights and interests, ensuring no illegal activities that could harm the company or its shareholders occur[200]. Shareholder and Financial Policies - The company has a three-year dividend return plan for shareholders from 2021 to 2023, as discussed in the board meeting on August 24, 2021[157]. - The company did not propose a cash profit distribution plan for 2021 due to the need to reserve funds for semiconductor equipment R&D and related services, ensuring financial stability amid business growth[179]. - The company approved a cash dividend distribution plan for the 2020 fiscal year, distributing 1.6363 CNY per 10 shares, totaling 52,121,141.46 CNY, which represents 20.00% of the net profit attributable to shareholders[175]. - The company has implemented a stock incentive plan, with 300,000 new stock options granted during the reporting period, increasing the total options held to 594,000[184]. - The company’s executives were granted 200,000 new restricted stocks at a price of 17.76 CNY, with all shares yet to be unlocked[184]. - The company’s retained earnings will also support the development of high-purity process systems and optical sensing systems, which have longer payment cycles[179].

Financial Performance - The company's revenue for Q1 2022 was ¥547,720,011.50, representing a year-on-year increase of 136.98%[6] - The net profit attributable to shareholders was ¥21,894,447.62, a decrease of 70.78% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥38,711,933.55, an increase of 1,130.87% year-on-year[6] - The basic earnings per share for the period was ¥0.069, down 71.13% from the previous year[6] - Net profit for Q1 2022 was ¥28,934,033.30, down from ¥72,175,570.36 in Q1 2021, reflecting a decrease of approximately 59.9%[38] - The total comprehensive income for the period was CNY 27,168,426.04, a decrease from CNY 71,555,733.61 in the previous period[40] - The basic and diluted earnings per share were both CNY 0.069, down from CNY 0.239 in the previous period[40] Assets and Liabilities - The total assets at the end of the period were ¥7,956,309,881.76, a slight increase of 0.29% from the end of the previous year[8] - The company's total liabilities amounted to ¥3,634,203,686.57, slightly down from ¥3,642,566,791.65 in the previous period[32] - The company’s total liabilities were approximately 4.74 billion RMB as of March 31, 2022, compared to 4.77 billion RMB at the end of 2021, showing a slight decrease[29] - The total equity attributable to shareholders increased to ¥4,091,318,648.23 from ¥4,066,221,927.32, showing a growth of about 0.6%[32] - The company reported a total of 1.27 billion RMB in inventory as of March 31, 2022, up from 1.18 billion RMB at the end of 2021, indicating a growth of approximately 7.5%[26] - The company’s deferred income tax liabilities were reported at ¥25,460,875.79, a minor decrease from ¥25,585,361.26 in the previous period[32] Cash Flow - The net cash flow from operating activities was -¥232,528,984.13, indicating a negative cash flow situation[6] - The cash inflow from operating activities totaled CNY 596,102,244.14, up from CNY 481,678,396.01 in the previous period[43] - The cash outflow from operating activities was CNY 828,631,228.27, compared to CNY 555,721,024.65 in the previous period, reflecting increased operational costs[43] - The net cash flow from investing activities was CNY -149,419,770.81, a decrease from CNY -377,178,745.82 in the previous period[43] - The net cash flow from financing activities was CNY 28,157,796.42, down from CNY 101,072,415.87 in the previous period[43] - The company reported a total of 1.18 billion RMB in cash and cash equivalents as of March 31, 2022, down from 1.52 billion RMB at the end of 2021, representing a decrease of approximately 22%[26] Operating Costs and Expenses - The company experienced a significant increase in operating costs, which rose by 162.62% due to the growth in revenue[12] - Total operating costs for Q1 2022 were ¥494,404,998.43, compared to ¥241,887,473.22 in Q1 2021, indicating an increase of about 104.5%[34] - Research and development expenses for Q1 2022 were ¥34,772,134.88, compared to ¥37,255,661.44 in Q1 2021, indicating a decrease of approximately 13.3%[34] - The company reported a financial expense of ¥18,581,023.36 in Q1 2022, up from ¥13,119,963.63 in Q1 2021, representing an increase of about 41.5%[34] - Other income for Q1 2022 was ¥776,586.92, a significant decrease from ¥68,951,795.20 in Q1 2021, indicating a decline of approximately 98.9%[34] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 58,769[16] - The company secured new orders totaling 1.802 billion RMB from January to April 2022, with semiconductor wet processing equipment orders amounting to 631 million RMB[25] - The company plans to continue expanding its market presence and investing in new technologies to enhance its competitive edge in the semiconductor equipment sector[25]

Financial Performance - The company's operating revenue for 2021 was CNY 2,084,097,721.32, representing a 49.18% increase compared to CNY 1,397,056,129.25 in 2020[27]. - The net profit attributable to shareholders for 2021 was CNY 281,764,365.40, an increase of 8.12% from CNY 260,599,716.15 in 2020[27]. - The net profit after deducting non-recurring gains and losses was CNY 162,159,706.57, up 46.57% from CNY 110,639,917.21 in 2020[27]. - Total assets increased by 33.18% to CNY 7,933,017,527.63 at the end of 2021, compared to CNY 5,956,662,795.43 at the end of 2020[27]. - The weighted average return on net assets decreased to 8.10% in 2021, down 7.93 percentage points from 16.03% in 2020[27]. - The company reported a net cash flow from operating activities of CNY -190,723,819.30 for 2021, an improvement from CNY -280,927,495.31 in 2020[27]. - The basic earnings per share for 2021 was CNY 0.891, a decrease of 12.04% from CNY 1.013 in 2020[27]. - The company achieved a quarterly revenue of CNY 801,583,658.29 in Q4 2021, contributing to the overall annual growth[29]. - Non-recurring gains included government subsidies amounting to CNY 84,055,571.01 in 2021, compared to CNY 12,850,035.77 in 2020[34]. - The company's net assets attributable to shareholders increased by 29.38% to CNY 4,066,221,927.32 at the end of 2021, compared to CNY 3,142,734,673.53 at the end of 2020[27]. Business Strategy and Development - The company plans to focus on future development strategies without making substantial commitments to investors[7]. - The company is committed to maintaining transparency and accountability in its financial reporting[4]. - The company plans to issue convertible bonds totaling up to RMB 1.1 billion to support various R&D projects and manufacturing initiatives[43]. - The company aims to achieve over 4 billion yuan in new orders for 2022, with over 2 billion yuan specifically for wet process equipment, and expects single wafer equipment to account for 60% of new orders[120]. - The company plans to double the production capacity of wet process equipment in 2022 compared to 2021 to meet the increasing demand for advanced process production lines[121]. - The company is focusing on expanding its semiconductor equipment business in response to increasing demand from downstream manufacturers[173]. - The company has established a competitive advantage in the high-purity process system segment, with significant growth in orders from leading integrated circuit manufacturers[42]. - The company is expanding its business model to include core process equipment and materials, aiming to become a core supplier in the semiconductor industry[75]. Research and Development - The total R&D investment amounted to ¥302,291,088.79, representing 14.50% of the operating revenue[6]. - Research and development expenses rose by 51.18% to ¥144,407,020.22, reflecting the company's continued investment in advanced semiconductor equipment and core component technology[79]. - The company has filed 551 patent applications, with 322 patents granted, including 250 invention patents[71]. - The company is investing in high-end process equipment development, focusing on advanced cleaning technologies for 28nm process nodes[71]. - The company has established a semiconductor-grade bulk gas factory to supply high-purity gases for at least 15 years[69]. Market and Industry Trends - The global semiconductor equipment spending reached a record high of USD 89 billion in 2021, with expectations to exceed USD 100 billion in 2022[46]. - The semiconductor cleaning equipment market is projected to grow to $3.193 billion by 2024[97]. - The average investment in fixed assets in the electronic information manufacturing industry has increased by 17.3% over the past two years, significantly outpacing the overall manufacturing sector[46]. - China has become the largest semiconductor market globally, with a self-sufficiency rate of only 27%, aiming for 40% by 2020 and 50% by 2025[115]. Risk Management - There were no significant risks that materially affected the company's operations during the reporting period[8]. - The company has detailed potential risks in its management discussion and analysis section[8]. - The company faces risks related to industry development, including cyclical fluctuations in downstream investment in the integrated circuit sector, which can directly impact market demand and sales margins[124]. - The company is exposed to operational risks due to reliance on imported components for cleaning equipment, which may be affected by international tensions[124]. - The company has established policies to control credit risk related to accounts receivable, regularly monitoring customer credit records to mitigate potential risks[128]. - The company maintains a certain level of reserve funds to meet short-term and long-term financial needs, addressing liquidity risk[128]. - The company is subject to exchange rate risks as its main operations are in China with transactions primarily in RMB, while its overseas subsidiaries operate in foreign currencies[128]. Corporate Governance - The company has a governance structure that includes a board of directors and various committees to ensure effective oversight and compliance with regulations[130]. - The company’s board of directors includes independent directors who actively participate in meetings and decision-making[154]. - The company’s board of directors has established specialized committees, including an audit committee[154]. - The company has a strategic focus on equity incentives, as evidenced by multiple executives receiving significant share increases due to this program[135]. - The overall compensation structure reflects a strong alignment of management interests with shareholder value, promoting long-term growth[135]. Environmental Responsibility - The company is actively implementing measures to reduce carbon emissions, including a 560KWp distributed photovoltaic power generation project on the rooftops of its office and R&D buildings, which generates self-consumed electricity[187]. - The company has invested in a 12-inch wafer regeneration project aimed at developing low-loss wafer regeneration processes, improving energy conservation and emission reduction in collaboration with wafer factory clients[187]. - The headquarters building is designed with energy-saving features, including the use of LED lighting and a rainwater collection system with a capacity of 30 cubic meters for irrigation and cleaning purposes[187]. - The company has not faced any environmental pollution incidents or administrative penalties related to environmental issues during the reporting period[186]. - The company’s factories comply with pollution discharge standards and have set up wastewater treatment facilities[186].

Financial Performance - The company's revenue for Q3 2021 was ¥362,038,020.11, representing a year-over-year increase of 51.68%[5] - The net profit attributable to shareholders for Q3 2021 was ¥37,715,384.75, a decrease of 27.72% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥37,891,506.92, showing a significant increase of 143.76% year-over-year[5] - The basic earnings per share for Q3 2021 was ¥0.119, down 46.88% from the previous year[5] - Total operating revenue for the first three quarters of 2021 reached ¥1,282,514,063.03, a significant increase of 68.7% compared to ¥760,169,691.56 in the same period of 2020[32] - Net profit for the first three quarters of 2021 was ¥184,890,519.74, compared to ¥81,451,474.39 in 2020, reflecting a growth of 127.6%[34] - The company reported a gross profit of ¥453,693,734.95 for the first three quarters of 2021, compared to ¥258,522,695.35 in 2020, a growth of 75.5%[32] - Basic earnings per share increased to CNY 0.596 from CNY 0.322, indicating improved profitability[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,449,645,410.87, an increase of 8.28% compared to the end of the previous year[8] - The total assets of the company amounted to ¥6,449,645,410.87, up from ¥5,956,662,795.43 in the previous year, indicating a growth of 8.3%[27] - Total liabilities increased to ¥2,890,462,341.35 from ¥2,795,942,378.94, representing a rise of 3.4%[27] - The company's equity attributable to shareholders reached ¥3,529,078,275.86, compared to ¥3,142,734,673.53 in 2020, an increase of 12.3%[27] - Long-term borrowings rose to ¥698,506,210.34 from ¥588,082,225.00, reflecting an increase of 18.8%[27] - Total liabilities reached $2,795,942,378.94, reflecting a decrease of $16,626,664.36 from the previous period[50] Cash Flow - The company reported a net cash flow from operating activities of -¥199,031,546.59 for the year-to-date period[5] - Cash inflows from operating activities totaled CNY 1,421,350,249.52, up from CNY 1,000,094,655.85 in the previous year, showing a growth of approximately 42%[41] - The net cash flow from operating activities was negative at CNY -199,031,546.59, compared to CNY -58,652,970.01 in the same period last year[42] - Cash outflows from investing activities amounted to CNY 758,141,427.23, an increase from CNY 590,312,055.68 in the previous year[42] - The net cash flow from financing activities was negative at CNY -31,341,976.96, contrasting with a positive CNY 486,196,044.26 in the previous year[42] Investments and Development - Research and development expenses increased to ¥70,238,370.69 in 2021 from ¥46,872,930.65 in 2020, marking a rise of 49.9%[32] - The company is actively pursuing market expansion and new product development strategies, although specific details were not disclosed in the report[19] Shareholder Information - The top ten shareholders include 蒋渊 with a 22.23% stake, holding 70,802,240 shares, and 共青城尚纯科技产业投资合伙企业 with a 3.98% stake, holding 12,667,200 shares[18] - The company has a total of 4,130,309 shares held by the National Social Security Fund, representing 1.30% of the total shares[18] Inventory and Current Assets - Inventory levels rose significantly to ¥1,332,289,987.39, compared to ¥794,466,619.41 in the previous year, indicating an increase of approximately 67.5%[22] - The total current assets increased to ¥3,911,526,935.36 from ¥3,751,284,080.84, reflecting a growth of about 4.3% year-over-year[22] - The company reported an increase in accounts receivable to ¥1,149,987,225.85 from ¥980,236,791.18, reflecting a growth of approximately 17.3%[22] Government Subsidies - The company received government subsidies amounting to ¥78,509,255.26 for the year-to-date period[9] Financial Instruments - The company is in the process of issuing A-share convertible bonds, with the latest developments to be announced in related public disclosures[19]

Financial Performance - The company's operating revenue for the first half of 2021 reached ¥920,476,042.92, representing a 76.51% increase compared to ¥521,485,949.57 in the same period last year[22]. - Net profit attributable to shareholders increased by 395.51% to ¥150,450,045.52 from ¥30,362,797.60 year-on-year[22]. - The basic earnings per share rose to ¥0.478, a 301.68% increase from ¥0.119 in the previous year[22]. - The company's net assets attributable to shareholders increased by 10.81% to ¥3,482,551,226.30 compared to ¥3,142,734,673.53 at the end of the previous year[22]. - The total assets grew by 9.43% to ¥6,518,264,674.54 from ¥5,956,662,795.43 at the end of the previous year[22]. - The company achieved a total revenue of 920 million yuan, a year-on-year increase of 76.51%[61]. - Net profit attributable to shareholders reached 150 million yuan, up 395.51% compared to the same period last year[61]. - Total assets amounted to 6.518 billion yuan, reflecting a 9.43% increase year-on-year[61]. Research and Development - The company focuses on high-purity process systems and semiconductor wet cleaning equipment, with significant investments in R&D for environmental protection and process digitization[26][27]. - The company has filed 133 patents for its wet cleaning equipment, including 76 invention patents, indicating strong innovation capabilities in the field[48]. - The company’s R&D expenses increased by 35.83% year-on-year to CNY 48.65 million, aimed at maintaining competitive strength in technology development[66]. - The company has expanded its high-purity process technology to cover core technology systems for semiconductor and biopharmaceutical industries[54]. Market Position and Strategy - The company aims to expand its market presence through strategic investments in technology and product innovation[26][35]. - The company has successfully entered the first-tier user market, securing orders from leading industry players such as SMIC, Huawei, and Hynix for its wet cleaning equipment[48]. - The company focuses on the research, production, and sales of fiber optic sensors and optoelectronic components, with key products including fiber optic monitoring systems for power grids, petrochemical pipelines, and bridge health monitoring systems[39]. - The company has established long-term partnerships with multiple global suppliers, ensuring stable procurement for its semiconductor wet cleaning equipment, which is crucial for meeting market demands[41]. Financial Management - The company reported a net loss of approximately RMB 1.39 million for Shanghai Zhichun System Integration Co., Ltd. during the reporting period[77]. - The company’s cash flow from operating activities showed a net outflow of CNY 169.73 million, reflecting increased expenditures to support business expansion[66]. - The company’s inventory increased by 22.70% to CNY 974.82 million, attributed to business scale growth[69]. - The company received government subsidies amounting to CNY 78.38 million during the reporting period[68]. Corporate Governance - The company has confirmed that all board members attended the board meeting[4]. - The company has established policies to control credit risk related to accounts receivable and regularly monitors customer credit records[80]. - The company guarantees that all provided information is true, accurate, and complete, and commits to legal responsibility for any violations[95]. - The company will strictly adhere to the principles of fairness and equivalence in any related transactions, ensuring that prices are determined based on similar transactions with independent third parties[95]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 40,268[121]. - The largest shareholder, Jiang Yuan, held 70,802,240 shares, representing 22.23% of total shares[121]. - The company has strategic investors, including China International Capital Corporation, which became a top ten shareholder through a private placement[125]. - The company reported that 5,731,156 shares held by Tianjin Jinlian Guoxin Investment Management were subject to lock-up until July 9, 2021[124]. Risks and Challenges - The company faces risks related to industry development, operational challenges due to trade tensions, and competition leading to potential price wars[79]. - The company has outlined potential risk factors for future development in the management discussion and analysis section[10]. Compliance and Legal Matters - The company has not faced any environmental pollution incidents during the reporting period and has complied with pollution discharge standards[90]. - The company has no significant litigation or arbitration matters during the reporting period, indicating a stable legal standing[106]. - The company has committed to transparency in its related party transactions, ensuring fair practices[103].