Financial Performance - The company's operating revenue reached ¥1,384,867,131.46, a 67.12% increase compared to ¥828,672,512.29 in the previous year[33] - The total revenue from direct sales was ¥1,358,100,714.02, reflecting a growth of 66.95% year-on-year[37] - The company reported a net profit of RMB 200,160,932.53 for the year, with a cash dividend payout ratio of 18.51%[164] - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q3 2023, representing a 25% year-over-year growth[176] - The company provided guidance for Q4 2023, expecting revenue to be between 1.6 billion and 1.8 billion, indicating a potential growth of 20% to 30% compared to Q4 2022[176] Research and Development - Research and development expenses amounted to ¥152,135,564.61, reflecting a 64.47% increase from ¥92,499,621.62 in the previous year[33] - The company's R&D investment accounted for 10.99% of total operating revenue, a slight decrease of 0.17 percentage points from the previous year[13] - The company continues to invest in R&D, with increased expenses attributed to research materials, employee salaries, and collaborative development service fees[101] - The company is investing 100 million in R&D for new technologies aimed at enhancing product efficiency and market competitiveness[176] Market Position and Strategy - The domestic market share of the company's Spin Scrubber equipment has steadily increased, becoming a baseline product for domestic wafer fabs[2] - The company aims to expand its market presence in the emerging Chiplet market, leveraging its years of technical reserves[133] - Market expansion efforts are underway, targeting an increase in market share by 10% in the Asia-Pacific region by the end of 2024[176] - The company plans to establish an overseas sales system to cultivate and expand international markets, enhancing its brand's global influence[94] Innovation and Technology - The company has achieved breakthroughs in several key technologies for front-end coating and developing equipment, enhancing its competitive edge[8] - The company holds a total of 245 patent authorizations, including 171 invention patents, indicating strong innovation capabilities[11] - The Chiplet technology market is projected to grow from $3.3 billion in 2020 to $50.5 billion by 2024, with a compound annual growth rate of 98%[5] - The company has achieved full coverage of the front-end coating and developing machine in domestic 28nm and above process nodes[132] Financial Management - The company reported a net cash flow from operating activities of ¥192,963,939.50, a significant recovery from a negative cash flow of ¥218,325,429.94 in the previous year[33] - The company’s investment activities resulted in a net cash outflow of ¥246,122,465.18, primarily due to increased external investments[75] - The company reported a significant increase in contract liabilities, rising to ¥584,787,054.34, a 65.81% increase compared to the previous period, attributed to an increase in new contracts signed and advance sales payments received[79] Corporate Governance and Management - The company has received a standard unqualified opinion on its internal control audit for 2022[131] - The company has implemented a robust internal control management system in compliance with relevant laws and regulations[138] - The company has established an annual performance evaluation mechanism for senior management, linking their compensation to the completion of annual business objectives[154] - The company’s board of directors underwent a re-election process, resulting in changes in several positions[182] Employee and Compensation - The company reported a 127.76% increase in employee compensation payable, amounting to ¥41,763,214.80, primarily due to the accrual of year-end bonuses[79] - The company’s compensation policy for senior management and core technical personnel includes salary, allowances, performance bonuses, and equity incentives[192] - The total number of restricted stocks granted to senior management at the beginning of the year was 410,000 shares, with 123,000 shares vested during the reporting period[151] Strategic Partnerships and Acquisitions - The company has established deep cooperative relationships with downstream customers, aiming to provide more valuable product technology solutions[6] - A new strategic partnership has been established with a leading tech firm, expected to enhance product offerings and drive innovation[176] - The company is exploring potential acquisitions to bolster its technology portfolio, with a budget of 300 million allocated for this purpose[176] Sustainability and Social Responsibility - The management team emphasized a commitment to sustainability, aiming to reduce carbon emissions by 30% by 2025[176]

编号：2022-02 证券代码：688037 证券简称：芯源微 沈阳芯源微电子设备股份有限公司投资者关系活动记录表 | --- | --- | --- | |---------------------|-----------------------------------------------------|------------------------------------------------------------| | 投资者关系活 动类别 | 特定对象调研 \n 媒体采访 新闻发布会 现场参观 | 分析师会议 \n 业绩说明会 路演活动 其他（电话会议） | | | 安徽国富产业基金管理有限公司 | | | | 安信基金管理有限责任公司 | | | | 宝盈基金 | | | | 保银资本 | | | | 鲍尔太平有限公司 | | | | 北京比特资本投资管理有限公司 | | | | 北京宏道投资管理有限公司 | | | | 北京泓澄投资管理有限公司 | | | | 北京致顺投资管理有限公司 | | | | 贝莱德基金管理有限公司 | | | | 博道基金管理有限公司 | | | | | | | ...

证券代码：688037 证券简称：芯源微 沈阳芯源微电子设备股份有限公司投资者关系活动记录表 编号：2022-03 | --- | --- | --- | |---------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------| | 投资者关系活 动类别 | 特定对象调研 媒体采访 新闻发布会 现场参观 | 分析师会议 业绩说明会 路演活动 其他（ ...

Financial Performance - The company's operating revenue for Q3 2022 reached ¥392,427,217.36, representing a year-on-year increase of 99.93%[8] - Net profit attributable to shareholders for Q3 2022 was ¥73,620,027.54, a significant increase of 308.63% compared to the same period last year[8] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥33,345,495.16, up 104.38% year-on-year[8] - Basic earnings per share for Q3 2022 were ¥0.82, reflecting a growth of 290.48% compared to the same period last year[11] - Total operating revenue for the first three quarters of 2022 reached ¥896,684,559.03, a significant increase from ¥547,186,894.58 in the same period of 2021, representing a growth of approximately 63.7%[38] - Net profit for the third quarter of 2022 was ¥143,026,750.57, a substantial rise from ¥53,086,158.80 in the same quarter of 2021, reflecting an increase of approximately 169.5%[40] - The total comprehensive income attributable to the parent company reached CNY 143,027,635.57, compared to CNY 53,086,158.80 in the previous year[43] - Basic and diluted earnings per share were CNY 1.64, an increase from CNY 0.63 in the same period last year[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,492,194,008.51, an increase of 78.09% from the end of the previous year[11] - As of September 30, 2022, the total current assets amounted to ¥2,987,496,792.77, an increase from ¥1,582,911,140.88 at the end of 2021[29] - The total assets reached ¥3,492,194,008.51, up from ¥1,960,914,071.65, reflecting a growth of about 78%[33] - The total liabilities increased to ¥1,800,000,000, with a notable rise in accounts payable to ¥337,694,294.22 from ¥185,991,983.22[33] - The total liabilities as of the end of the reporting period amounted to ¥1,447,720,283.67, up from ¥1,063,665,996.03 in the previous year, marking an increase of about 36.2%[36] - The company’s non-current assets totaled ¥504,697,215.74, an increase from ¥378,002,930.77, indicating a growth of about 33%[33] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥56,380,016.13[11] - Cash inflow from operating activities totaled CNY 1,210,772,726.13, up from CNY 682,598,420.09 year-on-year[47] - Net cash flow from operating activities was CNY 56,380,016.13, a significant improvement from a net outflow of CNY -205,483,279.00 in the previous year[47] - Cash inflow from investment activities was CNY 704,879,077.04, compared to CNY 220,565,635.80 in the same period last year[48] - Net cash flow from investment activities was CNY -857,621,351.18, worsening from CNY -103,882,539.28 year-on-year[48] - Cash inflow from financing activities amounted to CNY 1,166,934,883.78, significantly higher than CNY 231,310,164.26 in the previous year[49] - Net cash flow from financing activities was CNY 915,307,247.94, compared to CNY 139,585,665.83 in the same period last year[49] - The ending balance of cash and cash equivalents was CNY 300,623,491.77, an increase from CNY 241,626,102.33 year-on-year[49] - The company reported a significant increase in cash received from sales and services, totaling CNY 1,094,853,472.78, compared to CNY 632,418,031.01 in the previous year[43] Research and Development - R&D investment for Q3 2022 amounted to ¥52,095,512.62, which is an increase of 158.74% year-on-year[11] - The proportion of R&D investment to operating revenue was 13.28%, up 3.02 percentage points compared to the same period last year[11] - Research and development expenses for the third quarter of 2022 were ¥94,782,058.11, up from ¥68,897,697.84 in the same quarter of 2021, indicating a growth of about 37.6%[38] Shareholder Information - The company has a total of 7,195 shareholders, with the top 10 shareholders holding a combined 56.57% of the shares[23] - The company's total equity attributable to shareholders increased by 127.86% to ¥2,044,473,724.84 compared to the end of the previous year[11] - The total equity attributable to shareholders reached ¥2,044,473,724.84, compared to ¥897,248,075.62 in the previous year, representing an increase of approximately 128.1%[38] Other Income and Expenses - The company reported a total of ¥40,010,000.00 in other income, primarily from a compensation payment related to trade secret protection[17] - The company’s sales expenses for the third quarter of 2022 were ¥69,720,111.67, compared to ¥50,665,413.27 in the same quarter of 2021, representing an increase of approximately 37.5%[38] - The company’s management expenses for the third quarter of 2022 were ¥88,395,252.50, up from ¥63,431,030.95 in the same quarter of 2021, indicating an increase of about 39.4%[38] Inventory and Receivables - Inventory rose significantly to ¥1,286,709,119.76 compared to ¥932,177,752.87 in the previous year, indicating a growth of approximately 38%[33] - The accounts receivable increased to ¥328,243,909.25 from ¥229,749,699.39, showing a growth of approximately 43%[29]

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a 20% increase compared to the same period last year[2]. - The company reported a revenue of RMB 500 million for the first half of 2022, representing a year-on-year growth of 25%[21]. - Revenue for the first half of the year reached ¥504,257,341.67, a 43.70% increase compared to ¥350,908,038.29 in the same period last year[30]. - The company achieved operating revenue of 50,425.73 million yuan, representing a year-on-year growth of 43.70%[78]. - The net profit attributable to shareholders reached 6,940.67 million yuan, with a year-on-year increase of 97.91%[78]. - The company reported a net profit of RMB 100 million for the first half of 2022, a significant increase of 40% year-on-year[21]. - The net profit after deducting non-recurring gains and losses rose by 122.41% to ¥65,782,761.43 from ¥29,577,109.81 year-on-year[30]. - The net cash flow from operating activities improved significantly, reaching ¥111,572,436.08 compared to a negative cash flow of ¥139,178,539.59 in the previous year[30]. - The net assets attributable to shareholders increased by 118.73% to ¥1,962,567,478.06 from ¥897,248,075.62 at the end of the previous year[30]. - Total assets grew by 76.27% to ¥3,456,523,322.98 from ¥1,960,914,071.65 year-on-year[30]. User Growth - User data showed a growth in active users by 15%, reaching 1.2 million users by the end of June 2022[2]. - User data indicates an increase in active users by 15% compared to the previous period, reaching a total of 1.2 million active users[21]. - User data showed a growth of 30% in active users, totaling 1.2 million users by the end of the reporting period[151]. Revenue Expectations - The company expects a revenue growth of 25% for the second half of 2022, driven by new product launches and market expansion strategies[2]. - The company expects a revenue growth guidance of 20% for the second half of 2022, driven by new product launches and market expansion strategies[21]. - The company expects a revenue growth guidance of 20% for the next quarter, projecting revenues to reach $180 million[152]. - New product launches are anticipated to contribute an additional $30 million in revenue over the next six months[153]. Research and Development - Research and development expenses increased by 30% to 100 million CNY, focusing on advanced semiconductor technologies[2]. - The R&D investment in new technologies increased by 30%, focusing on advanced packaging and MEMS technology development[21]. - The R&D investment as a percentage of revenue decreased to 8.47% from 14.08% year-on-year, a reduction of 5.61 percentage points[31]. - The company is investing $10 million in R&D for new technologies aimed at enhancing product efficiency[154]. - The company has a total of 253 R&D personnel, representing 35.29% of the total workforce, with an average salary of ¥12.36[67]. - The company has made adjustments to its core technical personnel to enhance innovation capabilities and ensure the achievement of R&D goals[132]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[2]. - The company is actively expanding its market presence in Taiwan and overseas, aiming to increase its market share in the semiconductor equipment sector[82]. - Market expansion plans include entering two new international markets by Q3 2023, which is expected to increase market share by 15%[156]. Strategic Acquisitions - A strategic acquisition of a local semiconductor firm is in progress, expected to enhance production capabilities by 40%[2]. - A strategic acquisition of a local semiconductor firm is anticipated to enhance the company's production capabilities and technology portfolio[21]. - The company has completed a strategic acquisition of a competitor for $50 million, which is expected to enhance its product offerings[155]. Financial Stability - The company has established stable relationships with domestic and international suppliers, ensuring a reliable supply chain for high-precision components[77]. - The company received government subsidies amounting to ¥20,307,700, accounting for 29.26% of the net profit during the reporting period[98]. - The total assets at the end of the reporting period were ¥3,458,000,000, with cash and cash equivalents amounting to ¥682,443,273.73, which is 19.74% of total assets[107]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which may impact future performance[2]. - The company faces risks related to potential fluctuations in downstream customer demand and the stability of supplier relationships, which could impact future performance[87][89]. - The company faces risks from intensified market competition and potential impacts from international trade tensions, which could affect supply stability and market position[92][93]. Technological Advancements - The company specializes in semiconductor equipment, including photoresist coating and developing equipment, and single-wafer wet processing equipment, applicable for 8/12-inch and 6-inch wafers[48]. - The company's flagship product, the photoresist coating and developing equipment, is critical in the integrated circuit manufacturing process, directly impacting the quality of subsequent processes[49]. - The company has achieved breakthroughs in key technologies for photoresist coating and developing equipment at 28nm and above technology nodes, reaching international advanced levels[56]. - The company has made significant technological advancements in its front-end coating and developing equipment, achieving international standards[79]. Shareholder Commitments - The company plans to issue shares for the first time and list on the Sci-Tech Innovation Board, with a commitment to not transfer or delegate management of shares for 12 months post-listing[160]. - The company commits to not reducing its holdings during the lock-up period and will comply with all relevant laws and regulations regarding share reduction[160]. - The company will ensure that any share reduction does not exceed 100% of the total shares held at the time of listing within two years after the lock-up period[163]. - The company will provide timely disclosures regarding any changes in shareholding intentions as per the Shanghai Stock Exchange's requirements[163]. - The company guarantees that the public offering does not involve any fraudulent issuance and will initiate a share buyback if any fraudulent activities are identified[180]. - The company’s board members and senior management pledged to not engage in any actions that would harm the company's interests or misappropriate company assets[180].

Financial Performance - The company's operating revenue for Q1 2022 was ¥183,711,477.74, representing a year-on-year increase of 61.99%[6] - Net profit attributable to shareholders for Q1 2022 was ¥32,413,462.53, showing a significant increase of 398.34% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥31,333,045.86, reflecting a year-on-year growth of 579.64%[6] - Basic earnings per share for Q1 2022 were ¥0.39, an increase of 387.50% year-on-year[6] - Total operating revenue for Q1 2022 was approximately CNY 183.71 million, a significant increase of 62.0% compared to CNY 113.41 million in Q1 2021[32] - Net profit for Q1 2022 reached approximately CNY 32.41 million, compared to CNY 6.50 million in Q1 2021, representing a growth of 398.0%[34] - The company achieved a total comprehensive income of approximately CNY 32.41 million in Q1 2022, compared to CNY 6.50 million in Q1 2021, reflecting a growth of 398.0%[34] - The company reported a financial income of CNY 4,096,803.22 in Q1 2022, compared to a financial expense of CNY 1,722,230.19 in Q1 2021, indicating a positive shift in financial management[46] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,121,237,638.39, an increase of 8.18% from the end of the previous year[9] - The total current assets amounted to CNY 1,697,060,692.88, an increase from CNY 1,582,911,140.88 as of December 31, 2021, reflecting a growth of approximately 7.2%[23] - The total liabilities rose to CNY 1,205,538,343.25 from CNY 1,063,665,996.03, which is an increase of approximately 13.3%[28] - The total equity attributable to shareholders increased to CNY 915,699,295.14 from CNY 897,248,075.62, reflecting a growth of about 2.8%[28] - The total non-current assets amounted to CNY 424,176,945.51, up from CNY 378,002,930.77, indicating an increase of about 12.2%[26] - The total assets increased to CNY 2,131,933,133.34, up from CNY 1,961,136,711.68, reflecting a growth of approximately 8.68% year-over-year[44] - The total liabilities rose to 1,201,989,114.37, compared to 1,053,426,166.89, marking an increase of about 14.06%[44] - The total equity increased to CNY 929,944,018.97 in Q1 2022, up from CNY 907,710,544.79 in Q1 2021, showing a growth of 2.4%[46] Cash Flow and Expenses - The net cash flow from operating activities was -¥1,281,105.15, indicating a significant increase in cash inflow from sales compared to the previous year[14] - Cash inflow from operating activities in Q1 2022 was approximately CNY 339.21 million, a substantial rise from CNY 137.94 million in Q1 2021, marking an increase of 145.0%[39] - The net cash flow from operating activities was -1,281,105.15, compared to -123,750,154.74 in the previous year, indicating a significant decrease in operational cash flow[40] - The cash outflow from investing activities was 49,565,324.52, compared to 176,853,667.33 in the previous year, indicating a reduction in investment spending[40] - The net cash flow from financing activities was 43,155,482.20, compared to 52,139,172.46, showing a decrease of approximately 17.2%[40] - The company's cash flow from operating activities showed a negative trend, which may impact future liquidity and operational strategies[40] Research and Development - Research and development expenses totaled ¥12,791,950.73, which accounted for 6.96% of operating revenue, a decrease of 5.08 percentage points year-on-year[9] - Research and development expenses for Q1 2022 were approximately CNY 12.79 million, slightly down from CNY 13.65 million in Q1 2021, indicating a decrease of 6.3%[32] - Research and development expenses for Q1 2022 were CNY 10,657,486.81, a decrease of 22.0% from CNY 13,654,481.94 in Q1 2021[46] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,745[16]

Financial Performance - The company reported a significant increase in revenue for the fiscal year 2021, reaching RMB 1.2 billion, representing a growth of 25% compared to the previous year[21]. - The company's operating revenue increased by 151.95% year-on-year, reaching ¥828,672,512.29, driven by favorable semiconductor industry conditions and increased market expansion efforts[37]. - Net profit attributable to shareholders rose by 58.41% to ¥77,349,494.43, primarily due to the growth in sales revenue[37]. - The net profit attributable to shareholders after deducting non-recurring gains increased by 395.83% to ¥63,838,961.51, reflecting significant sales growth and fewer non-recurring gains in the previous year[37]. - The company's total assets grew by 60.13% to ¥1,960,914,071.65, attributed to increased inventory and accounts receivable due to business expansion[38]. - Basic and diluted earnings per share increased by 58.62% to ¥0.92, while the basic earnings per share after deducting non-recurring gains surged by 406.67% to ¥0.76[34]. - The company's operating cash flow was negative at -218,325,429.94 RMB, indicating challenges in cash generation from operations[161]. - The company received government subsidies amounting to 39,957,900 RMB, which accounted for 51.66% of the total profit for the period[159]. Research and Development - The company is investing RMB 100 million in R&D for next-generation chip technology, aiming for a 5nm process node by 2023[21]. - Research and development expenses accounted for 11.16% of operating revenue, a decrease of 2.65 percentage points compared to the previous year[34]. - The company’s R&D investment totaled ¥92,499,621.62, representing a year-on-year increase of 103.68%[115]. - The number of R&D personnel increased to 217, up by 73 from the previous year, with R&D staff accounting for 34.12% of the total workforce[130]. - The company has achieved significant progress in developing key technologies for semiconductor equipment, with 217 patents granted, including 162 invention patents[135]. - The company’s R&D focus includes high-end packaging and single-wafer wet processing equipment, with ongoing development aimed at improving reliability and performance[125]. - The company has established partnerships with several major domestic fabs, including SMIC and Huahong, securing repeat orders for its front-end cleaning equipment[63]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2023[21]. - A strategic acquisition of a local semiconductor firm was completed, expected to contribute an additional RMB 200 million in revenue annually[21]. - The company is focusing on expanding its market presence in Taiwan and overseas, aiming to capture growth opportunities in the semiconductor equipment sector[92]. - The company has established a subsidiary in Shanghai to enhance its proximity to clients, talent, and supply chains, marking a significant step in its international development strategy[139]. Corporate Governance - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report, ensuring compliance with legal responsibilities[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties, nor any violations in decision-making procedures for external guarantees[11]. - The company has confirmed that all board members attended the board meeting, ensuring collective governance and decision-making[6]. - The company has not disclosed any special arrangements for corporate governance or other significant matters[8]. Risks and Challenges - The company has outlined various risks in its operations, which are detailed in the management discussion and analysis section[5]. - The company is at risk of significant fluctuations in operating performance due to high customer concentration and potential overcapacity in the semiconductor market[147][145]. - The company is facing increased competition in the semiconductor equipment market, which may impact its market position and operational performance[153]. Product Development and Innovation - New product development includes the launch of advanced semiconductor packaging technology, which is expected to enhance production efficiency by 15%[21]. - The company has successfully developed advanced technologies in the front-end coating and developing equipment, achieving breakthroughs in multiple key technologies for 28nm and above process nodes[57]. - The company has achieved breakthroughs in key technologies for front-end photoresist coating and developing equipment, which have been applied to new products and have received multiple orders from major clients in the semiconductor industry[89]. - The company has successfully replaced imported cleaning equipment with its Spin Scrubber, receiving bulk repeat orders from major domestic fabs such as SMIC and Shanghai Huali, indicating a significant improvement in its product performance[92]. Awards and Recognition - The company has been recognized as a "National Specialized and Innovative 'Little Giant' Enterprise" since 2019[107]. - The company has received multiple awards, including "Best Equipment Supplier in Advanced Packaging" and "National Strategic Innovation Product," highlighting its industry position[140]. - The company’s products have passed SEMIS2 international safety certification, facilitating entry into the international semiconductor equipment supplier system[141].

Financial Performance - The company's operating revenue for Q3 2021 was ¥196,278,856.29, representing a 31.21% increase compared to the same period last year[8]. - The net profit attributable to shareholders for Q3 2021 was ¥18,016,220.05, a decrease of 53.17% year-on-year[8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,315,196.90, down 45.61% from the previous year[8]. - Total operating revenue for the first three quarters of 2021 reached ¥547,186,894.58, a significant increase from ¥211,926,262.92 in the same period of 2020, representing a growth of approximately 158.5%[35]. - Net profit for the third quarter of 2021 was ¥53,086,158.80, compared to ¥44,686,074.52 in the same quarter of 2020, indicating an increase of about 18.5%[41]. - Basic earnings per share for Q3 2021 were ¥0.63, up from ¥0.53 in Q3 2020, showing an increase of about 19%[44]. - The company's retained earnings increased to ¥96,080,169.52 in Q3 2021 from ¥59,794,010.72 in Q3 2020, indicating a growth of about 60.5%[35]. - The total equity attributable to shareholders reached ¥865,086,762.69 in Q3 2021, compared to ¥798,597,040.69 in Q3 2020, marking an increase of approximately 8.3%[35]. Research and Development - The total R&D investment for Q3 2021 was ¥20,134,506.12, an increase of 73.07% compared to the same period last year[12]. - R&D investment accounted for 10.26% of operating revenue in Q3 2021, up 2.48 percentage points year-on-year[12]. - Research and development expenses for the third quarter of 2021 amounted to ¥68,897,697.84, up from ¥23,629,332.89 in the previous year, reflecting a growth of approximately 191.5%[38]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥1,781,186,296.51, a 45.45% increase compared to the end of the previous year[12]. - The total liabilities increased to ¥916,099,533.82 in Q3 2021, compared to ¥426,002,879.68 in Q3 2020, marking an increase of about 115.5%[35]. - Current liabilities rose to ¥888,999,495.00 from ¥398,615,682.80 year-over-year[32]. - The company reported a significant increase in contract liabilities to ¥288,028,563.26 from ¥132,377,198.56[32]. Cash Flow - The company reported a net cash flow from operating activities of -¥205,483,279.00 for the year-to-date period[12]. - The company's cash flow from operating activities for the first three quarters of 2021 was ¥682,598,420.09, compared to ¥239,784,381.15 in the same period of 2020, representing an increase of approximately 184.5%[44]. - The net cash flow from operating activities was -$205.48 million, compared to -$88.94 million in the previous year, indicating a significant increase in cash outflow[47]. - Cash inflow from investment activities totaled $1.07 million, a sharp decline from $1.33 billion in the same quarter last year[47]. - The net cash flow from investment activities was -$103.88 million, contrasting with a positive cash flow of $133.25 million in the previous year[47]. - Cash inflow from financing activities amounted to $231.31 million, with no inflow reported in the same quarter last year[47]. - The net cash flow from financing activities was $139.59 million, compared to a negative cash flow of $10.50 million in the previous year[47]. - The total cash and cash equivalents at the end of the period were $241.63 million, down from $357.22 million at the end of the previous year[47]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,636[24]. - The largest shareholder, Shenyang Advanced Manufacturing Technology Co., Ltd., holds 14,332,430 shares, accounting for 17.06% of total shares[24]. - The number of shares held by the top ten shareholders represents a significant portion of the company's equity, with the top shareholder alone holding over 17%[24]. Inventory and Receivables - Accounts receivable increased to ¥174,353,953.49 from ¥84,307,944.47 year-over-year[30]. - Inventory has significantly increased to ¥849,554,797.69 from ¥402,272,590.16 compared to the previous year[30]. Tax and Other Expenses - The company paid $37.66 million in various taxes, an increase from $17.30 million in the same quarter last year[47]. - The company reported a cash outflow of $104.95 million for the acquisition of fixed assets, up from $67.21 million in the previous year[47]. Market and Product Development - The company has not disclosed any significant new product developments or market expansion strategies in the current report[26].

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2021, representing a 20% increase compared to the same period last year[2]. - The company reported a significant increase in revenue, achieving a total of 688 million CNY for the first half of 2021, representing a year-over-year growth of 25%[27]. - The company's operating revenue for the first half of the year reached ¥350,908,038.29, a significant increase of 461.85% compared to ¥62,455,822.85 in the same period last year[29]. - Net profit attributable to shareholders was ¥35,069,938.75, reflecting a growth of 464.05% from ¥6,217,516.28 year-on-year[32]. - The net profit after deducting non-recurring gains and losses was ¥29,577,109.81, a substantial recovery from a loss of ¥14,387,930.94 in the previous year[29]. - Basic earnings per share rose by 500% to ¥0.42 from ¥0.07 in the same period last year[32]. - The weighted average return on net assets increased by 3.48 percentage points to 4.30% compared to 0.82% in the previous year[29]. - The gross margin for the first half of 2021 improved to 35%, up from 30% in the previous year[2]. - The gross margin improved to 45%, up from 40% in the previous year, reflecting better cost management and pricing strategies[27]. User Growth and Market Expansion - User data indicates a growth in active users by 15%, reaching a total of 1.2 million users[2]. - The user base expanded, with a reported increase of 15% in active users compared to the previous year, indicating strong market demand for the company's products[27]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[2]. - The company is actively pursuing market expansion, with plans to enter two new international markets by the end of 2022, aiming to increase its global footprint[27]. Research and Development - The company has allocated 50 million RMB for R&D in advanced manufacturing technologies for 2021[2]. - The R&D investment increased by 20% year-over-year, focusing on advanced packaging technologies and new semiconductor solutions[27]. - Research and development expenses accounted for 14.08% of operating revenue, a decrease of 8.70 percentage points from 22.78% year-on-year[29]. - The company achieved a total R&D investment of CNY 49,397,617.05, representing a significant increase of 247.22% compared to the previous period[59]. - The company has a total of 166 R&D personnel, which constitutes 34.58% of the total workforce, with an average salary of CNY 8.78[65]. - The company has developed core technologies with independent intellectual property rights, achieving international advanced levels in several areas, including coating uniformity for 28nm and above technology nodes[51]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local semiconductor firm is in progress, expected to close by Q4 2021, which will enhance production capacity by 40%[2]. - A strategic acquisition was announced, targeting a complementary technology firm to enhance the company's product offerings and market position[27]. - The company has established partnerships with key industry players to accelerate innovation and drive growth in the semiconductor sector[27]. Supply Chain and Risk Management - The company has identified potential risks related to supply chain disruptions, particularly in raw material sourcing[2]. - The company plans to enhance its supply chain efficiency, aiming for a 10% reduction in production costs by optimizing manufacturing processes[27]. - The company faces risks related to unstable supply from core suppliers, which could impact production capacity amid rising demand in the semiconductor manufacturing sector[83]. - There is a risk of intensified market competition as more semiconductor equipment manufacturers enter the market, potentially affecting the company's market position[86]. Environmental Responsibility - The company has implemented pollution control measures, including an acid-base washing tower and activated carbon adsorption equipment, to treat waste gas before discharge[119]. - The company has established an emergency response plan for environmental incidents, which has been filed with the environmental protection bureau[116]. - The company has engaged a qualified third-party waste disposal company to handle any generated chemical waste from its R&D processes[116]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[116]. Shareholder Commitments and Stock Management - The company has committed to maintaining certain shareholding restrictions for its major shareholders for specified periods following its IPO[124]. - The company intends to issue shares and list on the Sci-Tech Innovation Board, with a commitment to not transfer or manage shares for 12 months post-listing[136]. - The company will ensure compliance with all relevant laws and regulations regarding share reduction and management[136]. - The company has committed to not reducing shares during the lock-up period and will follow the established guidelines for any future reductions[136]. - The company will publicly disclose reasons for any unfulfilled commitments in the IPO prospectus and apologize to shareholders and the public[154]. Financial Position and Assets - The company's total assets increased by 31.53% to ¥1,610,772,321.83 from ¥1,224,599,920.37 at the end of the previous year[29]. - The company has a total of 212 patents, including 159 invention patents, 31 utility model patents, and 22 design patents[68]. - The company has successfully broken the monopoly of foreign manufacturers in the semiconductor equipment sector, achieving small-scale replacements in integrated circuit processing[41]. - The company has established a stable supply chain with domestic and international suppliers, ensuring reliable sourcing of high-precision components essential for semiconductor equipment[74].

Financial Performance - Operating revenue surged by 1,229.72% to CNY 113,410,936.97 from CNY 8,528,919.27 year-on-year[11] - Net profit attributable to shareholders was CNY 6,504,245.57, a significant recovery from a loss of CNY 7,869,353.56 in the same period last year[11] - Basic and diluted earnings per share were both CNY 0.08, recovering from a loss of CNY -0.09 in the previous year[11] - Operating profit for Q1 2021 was ¥5.64 million, compared to a loss of ¥9.60 million in Q1 2020, indicating a turnaround in profitability[34] - The company's net profit for Q1 2021 was approximately ¥5.75 million, compared to a net loss of ¥9.60 million in Q1 2020, indicating a significant improvement[34] Assets and Liabilities - Total assets increased by 10.14% to CNY 1,348,812,992.50 compared to the end of the previous year[11] - The total liabilities increased to approximately ¥538.93 million, up from ¥426.00 million, representing a growth of 26.5%[32] - Current assets totaled approximately ¥1.14 billion, an increase from ¥1.03 billion in the previous year, marking a growth of 10.7%[32] - The total equity increased to approximately ¥809.89 million from ¥798.60 million, a growth of 1.4%[34] Cash Flow - The net cash flow from operating activities was negative at CNY -123,750,154.74, worsening from CNY -25,917,505.92 year-on-year[11] - Cash flow from operating activities showed a net outflow of ¥123,750,154.74 in Q1 2021, compared to a net outflow of ¥25,917,505.92 in Q1 2020[40] - Total cash inflow from operating activities was ¥137,935,918.31, while total cash outflow was ¥261,686,073.05 in Q1 2021[40] - The company reported cash and cash equivalents at the end of Q1 2021 amounting to ¥243,973,045.56, down from ¥411,317,454.63 at the beginning of the period[40] - The total cash flow for Q1 2021 showed a net decrease of ¥167,344,409.07, compared to a decrease of ¥262,065,423.36 in Q1 2020[40] Research and Development - R&D investment as a percentage of operating revenue decreased by 39.95 percentage points to 12.04% from 51.99%[11] - R&D expenses increased by 207.96% to RMB 13,654,481.94, reflecting higher personnel costs and R&D materials[22] - Research and development expenses for Q1 2021 were approximately ¥13.65 million, compared to ¥4.43 million in Q1 2020, reflecting an increase of 208.5%[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,658[17] - The largest shareholder, Shenyang Advanced Manufacturing Technology Industry Co., Ltd., holds 17.06% of the shares[17] Other Financial Metrics - The company's cash and cash equivalents decreased by 38.47% to RMB 272,204,565.23 due to investments in financial products and increased procurement expenses[20] - Accounts receivable increased by 79.97% to RMB 10,517,792.74, attributed to higher collections from receivables[20] - The company experienced a 90.23% increase in taxes and surcharges to RMB 1,190,647.73, correlating with the rise in revenue[22] - The company reported a significant decrease in investment income by 93.10% to RMB 122,388.33, due to reduced returns from financial products[26] - The company reported a government subsidy income of CNY 1,994,736.48 related to its normal business operations[14]