债券代码：111010 债券简称：立昂转债 证券代码：605358 证券简称：立昂微 公告编号：2023- 057 杭州立昂微电子股份有限公司 关于召开 2023 年半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： 投资者可于 2023 年 08 月 16 日(星期三) 至 08 月 22 日(星期二)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 lionking@li-on.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。 杭州立昂微电子股份有限公司（以下简称"公司"）已于 2023 年 8 月 15 日发布公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财 务状况，公司计划于 2023 年 08 月 23 日 上午 11:00-12:00 举行 2023 年半年度业绩说明 会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半年 ...

一、监事会会议召开情况 杭州立昂微电子股份有限公司（以下简称"公司"）第四届监事会第十七次会议于 2023 年 8 月 14 日（星期一）上午十时在杭州经济技术开发区 20 号大街 199 号公司办公楼五楼行政 会议室以现场结合通讯方式召开。会议通知已提前 10 日以电话、电子邮件等形式送达全体监 事。本次会议应出席监事 3 人，实际出席监事 3 人。本次会议的召集、召开程序及方式符合《公 司法》、《公司章程》的规定。 二、监事会会议审议情况 经与会监事认真审议，以记名投票表决方式一致通过以下决议： 证券代码：605358 证券简称：立昂微 公告编号：2023- 055 债券代码：111010 债券简称：立昂转债 杭州立昂微电子股份有限公司 第四届监事会第十七次会议决议公告 本公司监事会及全体监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。 （二）审议通过了《关于公司 2023 年半年度募集资金存放与使用情况的专项报告的议案》 公司监事会认为公司募集资金的存放和使用符合法律法规的相关规定，对募集资金进行了 专户存储和专项使用，不存在变相改变 ...

证券代码：605358 证券简称：立昂微 公告编号：2023- 054 债券代码：111010 债券简称：立昂转债 二、董事会会议审议情况 经与会董事认真审议，以记名投票表决方式一致通过以下决议： （一）审议通过了《关于审议 2023 年半年度报告的议案》 公司董事会认为公司编制的 2023 年半年度报告内容真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏。同意公司 2023 年半年度报告。 杭州立昂微电子股份有限公司 第四届董事会第二十次会议决议公告 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。 一、董事会会议召开情况 杭州立昂微电子股份有限公司（以下简称"公司"）第四届董事会第二十次会议于 2023 年 8 月 14 日（星期一）上午十时在杭州经济技术开发区 20 号大街 199 号公司办公楼五楼行政 会议室以现场结合通讯方式召开。会议通知已提前 10 日以电话、电子邮件等形式送达全体董 事。本次会议应出席董事 7 人，实际出席董事 7 人。本次会议的召集、召开程序及方式符合《公 司法》、《公司章程》及《公 ...

根据《公司法》、《上海证券交易所股票上市规则》等有关法律、法规及 《公司章程》的规定，作为公司独立董事，我们就第四届董事会第二十次会议 相关事项发表独立董事意见如下： （以下无正文） （本页为《立昂微独立董事关于第四届董事会第二十次会议相关事项的独立董事 意见》签字页） 独立董事（签字）： 张 旭 明 李 东 升 王 鸿 祥 一、关于《关于公司2023年半年度募集资金存放与使用情况的专项报告的 议案》的独立董事意见 公司2023年半年度募集资金的存放与使用情况符合中国证监会、上海证券 交易所关于上市公司募集资金存放与使用的相关规定，不存在募集资金存放和 使用违规的情形。公司董事会编制的《公司2023年半年度募集资金存放与使用 情况的专项报告》符合《上市公司监管指引第2号——上市公司募集资金管理和 使用的监管要求》、《上海证券交易所上市公司自律监管指引第1号——规范运 作》及相关格式指引的规定，如实反映了公司2023年半年度募集资金的存放和 实际使用情况。我们同意本议案。 立昂微独立董事关于第四届董事会第二十次会议相关事项的 独立董事意见 二零二三年八月十四日 ...

债券代码：111010 债券简称：立昂转债 证券代码：605358 证券简称：立昂微 公告编号：2023- 042 杭州立昂微电子股份有限公司 关于召开 2022 年度暨 2023 年第一季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： 投资者可于 2023 年 05 月 11 日(星期四) 至 05 月 17 日(星期三)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 lionking@li-on.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。 杭州立昂微电子股份有限公司（以下简称"公司"）已于 2023 年 4 月 22 日发布公司 2022 年年度报告及 2023 年第一季度报告，为便于广大投资者更全面深入地了解公司 2022 年 度及 2023 年第一季度经营成果、财务状况，公司计划于 2023 年 05 月 18 日 上午 11:00- 12:00 举行 2022 年度暨 2023 年第一季度业绩说明会，就投资者关心的问题进 ...

Financial Performance - The company achieved an operating revenue of 291,421.63 million RMB in 2022, representing a year-on-year growth of 14.69%[24]. - The net profit attributable to shareholders was 68,778.99 million RMB, an increase of 14.57% compared to the previous year[24]. - The net profit after deducting non-recurring gains and losses decreased by 4.70% to 55,653.97 million RMB[24]. - Basic earnings per share were 1.02 RMB, down 30.14% from the previous year[24]. - The weighted average return on equity was 8.91%, a decrease of 11.18 percentage points year-on-year[24]. - The total assets at the end of 2022 reached 1,854,162.38 million RMB, a significant increase of 47.62% from the previous year[24]. - The net cash flow from operating activities was 119,454.25 million RMB, a substantial increase of 173.02% compared to the previous year[24]. - The company achieved operating revenue of 2,914.22 million yuan, a year-on-year increase of 14.69%[33]. - The net profit attributable to shareholders was 687.79 million yuan, up 14.57% compared to the previous year[33]. - The net cash flow from operating activities was 1,194.54 million yuan, representing a significant increase of 173.02% year-on-year[33]. - Total assets at the end of the reporting period reached 18,541.62 million yuan, a growth of 47.62% from the beginning of the year[33]. Dividend Policy - The company plans to distribute a cash dividend of 4.2 RMB per 10 shares, totaling approximately 284.28 million RMB (including tax) based on a total share capital of 676,848,359 shares as of December 31, 2022[6]. - The company prioritizes cash dividends, with a minimum of 80% of profits distributed as cash if in a mature stage without major capital expenditures[157]. - The company’s profit distribution policy emphasizes stability and continuity, considering the opinions of independent directors and public investors[156]. - The company will conduct cash dividends annually after shareholder meetings, with the board able to propose interim dividends based on profitability and cash needs[157]. - The total cash dividend amount (including tax) is CNY 284,276,310.78, which accounts for 41.33% of the net profit attributable to ordinary shareholders in the consolidated financial statements[166]. Audit and Compliance - The company has received a standard unqualified audit report from Zhonghui Certified Public Accountants, ensuring the authenticity and completeness of the financial report[5]. - The board of directors has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[8]. - The company has confirmed that all board members attended the board meeting, ensuring collective responsibility for the report's accuracy[4]. - The company maintains a strong governance structure, ensuring compliance with laws and regulations while protecting shareholder rights[116]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations[120]. Market and Industry Outlook - The company is focusing on the development of new products and technologies in response to changing market demands, particularly in clean energy and electric vehicles[24]. - The semiconductor industry is expected to experience growth in 2023, driven by domestic demand and the rise of AI technologies like ChatGPT[94]. - The company anticipates a gradual recovery in the domestic semiconductor market in the second half of 2023, with increased demand in various sectors[94]. - The Chinese government aims for a 70% self-sufficiency rate in chip production by 2025, indicating significant growth potential in the semiconductor market[95]. - The company is positioned to benefit from supportive national policies aimed at fostering the integrated circuit industry[97]. Research and Development - The company has invested in R&D, with R&D expenses increasing by 18.67% to 27,182.45 million RMB, reflecting a commitment to new product and technology development[52]. - The company has a strong talent pool, with R&D personnel having significant experience in leading semiconductor firms, supporting its innovation capabilities[49]. - The company is focused on developing large-size semiconductor silicon wafer production technology and GaAs RF chip production technology[71]. - The company is committed to independent research and innovation, targeting key technology breakthroughs to overcome domestic substitution challenges[106]. - The company has achieved core technology breakthroughs in compound semiconductor RF chips and is beginning to realize scale production and sales[113]. Environmental and Sustainability Initiatives - The company is committed to sustainability initiatives, aiming to reduce operational carbon footprint by 20% over the next three years[127]. - The total emissions for the reporting period amounted to 841,100 tons, with a regulatory limit of 1,142,000 tons, indicating compliance with environmental standards[176]. - The company has established a detailed inspection and maintenance system for wastewater and air pollution control facilities, ensuring effective operation[179]. - The company has integrated wastewater treatment from subsidiaries into its existing facilities, optimizing environmental management[185]. - The company actively engages in community welfare activities, including green public welfare and assistance for the elderly and disabled[190]. Strategic Acquisitions and Investments - The company completed a public issuance of convertible bonds totaling 3.39 billion yuan to enhance investment in capacity construction and new product development[35]. - The acquisition of Jiaxing Jinruihong by the subsidiary Jinruihong Microelectronics was successfully completed, strengthening the company's competitive position in the 12-inch silicon wafer market[35]. - The company acquired a controlling stake of 58.69% in Guojing Semiconductor through a cash purchase of shares from two investors, enhancing its market position[62]. - The company completed the acquisition of 58.69% equity in Jiaxing Jinruihong for 750.44 million yuan, consolidating its control over the company[82]. - The company also acquired 46.67% of Jiaxing Kangjing for 381.74 million yuan, recognizing it as an associate[82]. Operational Challenges - The company experienced a decline in sales orders in the second half of 2022 due to geopolitical tensions and a slowdown in global economic growth[24]. - The production capacity utilization rate decreased in the second half of 2022, impacting revenue and profit[24]. - The overall market demand fluctuated in 2022, with high capacity utilization in the first half but a decline in orders and utilization in the second half, impacting profitability[56]. - The company is in the process of ramping up production capacity for 12-inch wafers, which is currently at a loss due to high fixed costs during the transition[56]. - The company faces intensified market competition due to the entry of new industry participants and must strengthen its strategic positioning and R&D investment[111].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 63,223.65 million, a decrease of 16.40% compared to the same period last year[6]. - The net profit attributable to shareholders was CNY 3,443.71 million, down 85.53% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was CNY 2,349.16 million, a decline of 89.94% compared to the previous year[6]. - Total operating revenue for Q1 2023 was ¥632,236,521.47, a decrease of 16.4% compared to ¥756,301,050.52 in Q1 2022[36]. - In Q1 2023, the company reported a net profit of ¥18,286,264.87, a significant decrease from ¥248,407,511.12 in Q1 2022, reflecting a decline of approximately 92.64%[38]. - The total profit before tax for Q1 2023 was ¥8,432,707.89, a drastic decline from ¥280,537,086.02 in Q1 2022, indicating a decrease of about 97.00%[38]. - The net profit attributable to shareholders of the parent company for Q1 2023 is ¥34,437,067.20, a decrease from ¥238,011,304.71 in the same period last year, representing a decline of approximately 85.5%[50]. - The total comprehensive income for Q1 2023 is ¥18,286,264.87, down from ¥248,407,511.12 in Q1 2022, indicating a decrease of about 92.6%[50]. - Basic and diluted earnings per share for Q1 2023 are both ¥0.05, compared to ¥0.52 in the same period last year, reflecting a decline of approximately 90.4%[50]. Cash Flow and Investments - The net cash flow from operating activities increased by CNY 96,980.30 million, with significant sales collection and tax refunds contributing to this growth[11]. - Operating cash flow for Q1 2023 was ¥96,980,282.33, a turnaround from a negative cash flow of ¥41,754,606.32 in Q1 2022[42]. - The company reported a significant increase in cash outflows from investment activities, decreasing by CNY 92,586 million compared to the same period last year, primarily due to acquisitions[11]. - The company experienced a net cash outflow from investing activities of ¥650,786,811.82 in Q1 2023, an improvement from a larger outflow of ¥1,576,643,762.07 in Q1 2022[43]. Assets and Liabilities - The company's total assets at the end of Q1 2023 were CNY 1,812,947.79 million, a decrease of 2.22% from the end of the previous year[23]. - The total assets as of the reporting date amount to ¥18,129,477,912.23, a decrease from ¥18,541,623,804.18 at the end of the previous period, representing a reduction of about 2.2%[46]. - The company's total equity increased slightly to ¥9,842,942,339.40 from ¥9,821,305,548.08, indicating a marginal growth[36]. - The total liabilities decreased to ¥8,286,535,572.83 from ¥8,720,318,256.10, reflecting a reduction of 5.0%[36]. - Current liabilities total ¥1,546,531,085.53, down from ¥1,993,977,829.56, indicating a decrease of approximately 22.4%[46]. - Non-current liabilities due within one year decreased by 49.78% to ¥24,505,000,000 from previous levels, primarily due to repayments[25]. - Non-current liabilities include long-term borrowings of ¥1,982,912,555.56, slightly down from ¥1,989,191,595.23, showing a decrease of about 0.4%[46]. - The company reported a decrease in accounts payable from ¥930,264,965.64 to ¥770,928,050.75, a decline of about 17.1%[46]. Expenses - The company's management expenses increased by 75.14%, primarily due to new share-based payments and the impact of the merger with Jiaxing Jinruihong[11]. - The financial expenses rose by 305.88%, mainly due to interest expenses from convertible bonds issued in November 2022[11]. - Total operating costs increased to ¥582,459,261.80 in Q1 2023, up 23.8% from ¥470,335,785.75 in Q1 2022[36]. - Research and development expenses increased to ¥65,316,104.15 in Q1 2023, compared to ¥61,925,165.81 in Q1 2022, marking a rise of approximately 7.71%[38]. - Financial expenses surged to ¥39,624,439.98 in Q1 2023, compared to ¥9,762,513.31 in Q1 2022, reflecting an increase of about 304.06%[38]. - The company reported a substantial increase in tax expenses, amounting to -¥9,853,556.98 in Q1 2023, compared to ¥32,129,574.90 in Q1 2022, highlighting a shift in tax liabilities[38]. - The company reported a significant increase in sales expenses to ¥2,677,771.58 in Q1 2023, compared to ¥2,545,134.31 in Q1 2022, reflecting a rise of approximately 5.17%[38]. Balance Sheet Items - Accounts receivable rose by 12.7% to ¥724,306,179.99 from ¥643,025,333.26 year-over-year[33]. - Inventory increased by 5.2% to ¥1,406,469,912.38 compared to ¥1,337,242,419.64 at the end of Q1 2022[33]. - Cash and cash equivalents decreased to ¥3,281,349,999.33 from ¥3,964,742,724.79, a decline of 17.3%[33]. - The company reported a significant increase in notes receivable, which rose by 211.61% to ¥71,780,362.73 from ¥23,035,313.70[25]. - Prepayments increased by 38.00% to ¥96,497,314.52 from ¥69,926,561.61 year-over-year[25]. - Deferred tax assets increased to ¥220,367,247.30 from ¥195,011,335.60, reflecting an increase of approximately 13.0%[46]. - The total non-current assets increased to ¥11,860,616,111.13 from ¥11,620,493,592.30, representing an increase of approximately 2.1%[46]. Strategic Developments - The company has not reported any new product launches or significant market expansion strategies during this quarter[47].

杭州立昂微电子股份有限公司 接待投资者调研活动记录 一、机构调研情况 调研接待地点：公司办公楼行政会议室（杭州经济技术开发区 20 号大街 199 号） 调研接待形式：现场交流、线上交流 机构投资者来访记录： 6 月 15 日 15：30-16：30 线上交流 中金公司、开域资本、嘉实基金、海通证券资产管理有限公司、WILLING CAPITAL MANAGEMENT LIMITED、EASTERN PEARL CAPITAL FUND、上海肇万资产管理有限公司、中山证券、深圳嘉石 大岩资本管理有限公司、上海景林资产管理有限公司、泽源资产管理有限公司、Schroder Investment Mangement Limited、Fullgoal Asset Management (HK) Limited、富国基金管理 有限公司、Neo criterion、FIL HK-CHAPLT、东方证券、安信证券、TT International、上海 久期投资有限公司等 6 月 21 日 15:00-16:00 线上交流 麦格理 6 月 21 日 16:00-17:00 现场交流 开源证券、长城基金、杭州仁睿投资管理有限 ...

Financial Performance - Q3 2022 revenue was CNY 71,377.94 million, a decrease of 1.53% year-over-year, while year-to-date revenue reached CNY 227,847.96 million, an increase of 29.96%[2] - Net profit attributable to shareholders for Q3 2022 was CNY 13,816.58 million, down 29.24% year-over-year, with year-to-date net profit at CNY 64,139.72 million, up 58.67%[2] - Basic and diluted earnings per share for Q3 2022 were CNY 0.21, a decrease of 57.14% compared to the same period last year[3] - The net profit for Q3 2022 was CNY 661,017,835.19, an increase from CNY 418,334,837.68 in Q3 2021, representing a growth of approximately 58%[17] - The operating profit for Q3 2022 was CNY 742,313,191.32, compared to CNY 468,906,491.71 in the same period last year, indicating a year-over-year increase of about 58%[17] - The company reported a total comprehensive income of CNY 661,017,835.19 for Q3 2022, compared to CNY 418,334,837.68 in Q3 2021, showing a growth of approximately 58%[18] - The basic and diluted earnings per share for Q3 2022 were both CNY 0.95, down from CNY 1.01 in Q3 2021[18] Assets and Liabilities - Total assets as of the end of Q3 2022 were CNY 1,529,670.12 million, representing a 21.78% increase from the end of the previous year[3] - The company’s total assets and liabilities increased significantly, reflecting its growth strategy and market expansion efforts[8] - Total liabilities rose to CNY 6,259,818,279.50 from CNY 4,319,154,351.04, marking a 45% increase[14] - Shareholders' equity increased to CNY 9,036,882,956.82, up from CNY 8,241,477,057.40, reflecting a growth of 10%[14] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 86,300.46 million, reflecting a significant increase of 235.85%[3] - Cash flow from operating activities for the first three quarters of 2022 was CNY 863,004,640.12, significantly higher than CNY 256,961,371.42 in the same period of 2021[19] - The net cash flow from investing activities for Q3 2022 was negative CNY 3,902,344,199.73, compared to negative CNY 1,673,813,239.69 in Q3 2021[20] Inventory and Expenses - The company reported a 52.47% increase in inventory, amounting to CNY 46,291.95 million, due to increased sales and material stocking[7] - Total operating costs for the first three quarters of 2022 were CNY 1,601,761,002.96, up from CNY 1,293,372,810.28 in the previous year, reflecting a 24% increase[15] - Research and development expenses increased by 52.00 million yuan year-on-year, reflecting the company's intensified efforts in developing new products and technologies[8] - Research and development expenses rose to CNY 195,902,153.08 in Q3 2022, up from CNY 143,898,508.29 in Q3 2021, reflecting a growth of approximately 36%[17] - Operating expenses were reduced by 10% compared to the previous quarter, contributing to improved profitability[21] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 87,847[9] - The largest shareholder, Wang Minwen, holds 117,831,266 shares, accounting for 17.41% of total shares[9] Future Outlook and Strategic Initiatives - The company provided a forward guidance of 1.8 billion yuan in revenue for Q4 2022, reflecting an expected growth of 20%[21] - New product launches are expected to contribute an additional 300 million yuan in revenue in the next quarter[21] - The company is investing 200 million yuan in R&D for new technologies aimed at enhancing product performance[21] - Market expansion efforts have led to a 15% increase in market share in the Asia-Pacific region[21] - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of 500 million yuan allocated for this purpose[21] - A new strategic partnership has been formed with a leading tech firm, expected to drive innovation and market reach[21] Other Financial Metrics - The company’s weighted average return on equity decreased by 11.50 percentage points to 8.33% year-to-date[3] - The company incurred financial expenses of CNY 41,700,032.43 in Q3 2022, a decrease from CNY 88,759,560.08 in Q3 2021, indicating a reduction of approximately 53%[17] - The gross margin for Q3 2022 improved to 40%, up from 35% in the previous quarter[21] - Other income increased by 75.31 million yuan, mainly due to increased government subsidies received[8]

Financial Performance - The company's operating revenue for the first half of 2022 reached CNY 156,470.02 million, representing a 52.15% increase compared to the same period last year[12]. - Net profit attributable to shareholders of the listed company was CNY 50,323.13 million, a significant increase of 140.81% year-on-year[12]. - The net profit after deducting non-recurring gains and losses was CNY 45,462.50 million, up 147.27% from the previous year[12]. - The net cash flow from operating activities was CNY 72,354.09 million, showing a remarkable increase of 790.53% compared to the same period last year[12]. - Basic earnings per share were 0.74 RMB, reflecting a growth of 42.31% compared to the previous year[13]. - The weighted average return on equity was 6.56%, a decrease of 4.16 percentage points from the same period last year[13]. Assets and Liabilities - The total assets of the company at the end of the reporting period were CNY 1,522,444.01 million, an increase of 21.21% from the end of the previous year[12]. - The net assets attributable to shareholders of the listed company were CNY 779,464.92 million, reflecting a 3.34% increase from the previous year[12]. - Total liabilities increased to CNY 6.33 billion from CNY 4.32 billion, a rise of about 46.4%[122]. - Long-term borrowings rose significantly to CNY 1.78 billion from CNY 609.23 million, an increase of about 192.5%[121]. Research and Development - The company has established a comprehensive technology innovation system and has participated in several national key scientific research projects[19]. - The company’s R&D capabilities are supported by various provincial and national innovation platforms, ensuring strong technological advantages[19]. - Research and development expenses increased by 43.16% year-on-year, totaling RMB 12,472.70 million, reflecting the company's commitment to new product and technology development[32]. Market Position and Competition - The company is a leading domestic silicon wafer manufacturer, consistently ranked first in the top ten semiconductor materials enterprises in China[20]. - The semiconductor market in mainland China is projected to reach a sales scale of 213.7 billion USD, with a growth rate of 11%[25]. - The company faces intensified market competition due to the rapid development of various end-use sectors and the entry of new industry participants, necessitating a focus on technological advancement and product upgrades[50]. Environmental Compliance - The company reported a total pollutant discharge of 40.19 million tons, with a regulated discharge limit of 114.2 tons for water pollutants[62]. - The company achieved compliance with all major pollutant discharge standards, including COD at 31 mg/L against a limit of 500 mg/L, and ammonia nitrogen at 6.16 mg/L against a limit of 35 mg/L[62]. - The company has established wastewater treatment systems and air pollution control facilities, which are regularly inspected and maintained by third-party companies[64]. Shareholder Commitments - The company has committed to maintaining a share lock-up period for major shareholders from August 25, 2020, to September 10, 2023, ensuring stability in shareholding[74]. - The controlling shareholder and directors promise to vote in favor of share repurchase if the stock price falls below the audited net asset value for 20 consecutive trading days[79]. - The company will compensate investors for losses incurred due to false statements or omissions in the prospectus[80]. Asset Management - The company has launched multiple asset management plans, including a notable 1,637,018 in the Zhongyi Asset Management product, indicating a focus on diversified investment strategies[101]. - The total assets under management for the South Fund's single asset management plans reached 229,182, highlighting the company's growth in this segment[100]. - The company is actively pursuing new asset management opportunities, as evidenced by the diverse range of products launched in the first half of 2022[101]. Financial Reporting and Governance - The financial statements are prepared based on the going concern assumption, with no significant doubts regarding the company's ability to continue operations for the next 12 months[155]. - The accounting policies and estimates include provisions for bad debts, revenue recognition, depreciation of fixed assets, and amortization of intangible assets[156]. - The company has established a multi-tier governance structure, including a board of directors and various specialized committees[152].