证券代码：688123 证券简称：聚辰股份 聚辰半导体股份有限公司 投资者关系活动记录表 编号：2022-005 | --- | --- | --- | --- | --- | |----------|------------------------------------------------------------------------|-----------------------------------------------|--------|-------| | 活动类别 | █特定对象调研 \n□业绩说明会 □新闻发布会 \n□现场参观 □其他 \n单 位 | □分析师会议 □媒体采访 \n □路演活动 \n单 位 | 姓 | 名 | | | 光大证券 | 融通基金 | 李进 | | | | 光大证券 | 南方基金 | 萧嘉倩 | | | | 益民基金 | 长城基金 | 杨维维 | | | | 海富通 | 长城基金 | 刘疆 | | | | 泰康人寿 | 汇添富基金 | 李灵毓 | | | | | | | | | | 长城基金 | 汇添富基金 | 卞正 | | | | 相聚资本 | 西部证券 ...

聚辰半导体股份有限公司 2022 年第三季度报告 证券代码：688123 证券简称：聚辰股份 聚辰半导体股份有限公司 2022 年第三季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人陈作涛、主管会计工作负责人及会计机构负责人（会计主管人员）杨翌保证季 度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 （一）主要会计数据和财务指标 | --- | --- | --- | --- | --- | |-----------------------------------------------|----------------|-----------------------------------------|--------------------------------------|------- ...

Financial Performance - Giantec Semiconductor Corporation reported a significant increase in revenue, achieving a total of 500 million RMB for the first half of 2022, representing a year-over-year growth of 25%[2]. - The company reported a revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 25%[22]. - The company achieved operating revenue of CNY 441.80 million in the first half of 2022, representing a 67.05% increase compared to the same period last year[30]. - Net profit attributable to shareholders reached CNY 148.42 million, a year-on-year increase of 125.73%[30]. - The net profit after deducting non-recurring gains and losses was CNY 165.04 million, up 436.97% from the previous year[30]. - Giantec's operating profit for the first half of 2022 was RMB 150 million, up from RMB 120 million in the same period last year, indicating improved operational efficiency[22]. - The company’s comprehensive gross margin increased by 30.13 percentage points due to a higher sales proportion of high-value products[95]. - The company achieved sales revenue of CNY 38,016.09 million for non-volatile memory chips, representing a year-on-year growth of 85.16%[83]. - The smart card chip sales revenue reached CNY 3,271.02 million, with a year-on-year increase of 30.77%[83]. Market Expansion and User Growth - The company highlighted a user base expansion, reaching 1 million active users, which is a 40% increase compared to the previous year[2]. - Giantec plans to expand its market presence by entering two new international markets by the end of 2022, aiming for a 15% increase in global market share[2]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2023[22]. - Giantec expects a revenue growth of 30% for the full year 2022, driven by increased demand in the consumer electronics sector[22]. Research and Development - Giantec is actively investing in R&D, with an allocation of 100 million RMB for new product development, focusing on advanced semiconductor technologies[2]. - Giantec's R&D expenses for the first half of 2022 were RMB 100 million, accounting for 20% of total revenue, reflecting a focus on innovation and product development[22]. - The company’s R&D expenses amounted to 64.18 million yuan, a 99.43% increase compared to the first half of 2021, with R&D investment accounting for 2.36 percentage points higher of total revenue[66]. - The company has developed 28 core technologies related to its main business, including high-efficiency charge pump design technology and online error correction technology, enhancing its product offerings in EEPROM and NOR Flash[58]. - The company is focusing on expanding its product lines in non-volatile memory chips and motor driver chips for smartphones and automotive applications[35]. Strategic Partnerships and Acquisitions - The company has initiated discussions for potential mergers and acquisitions to enhance its technological capabilities and market reach[2]. - Giantec's management emphasized the importance of strategic partnerships, aiming to establish at least three new collaborations with key industry players by the end of the year[2]. - The company has established strategic partnerships with three major tech firms to enhance its product offerings and market competitiveness[22]. - The company has established long-term stable partnerships with leading wafer manufacturers and packaging testing plants, ensuring stable supply and quality[77]. Operational Efficiency and Cost Management - Giantec reported a gross margin of 35%, indicating a stable profitability despite rising raw material costs[2]. - Giantec's operating expenses increased by 10% due to higher investments in marketing and sales efforts to support growth initiatives[2]. - The company’s cash flow from operating activities was CNY 152.09 million, reflecting a 217.09% increase year-on-year[30]. - The company’s cash flow from investing activities decreased by 19.14% year-on-year, mainly due to increased cash payments for fixed assets, intangible assets, and other long-term assets[120]. Risks and Challenges - The company faces risks related to market competition, particularly from international players like STMicroelectronics and Microchip Technology, which may impact pricing and profit margins[99]. - There is a significant risk of technological obsolescence, as the integrated circuit design industry requires continuous upgrades and innovation to maintain competitiveness[100]. - The company is exposed to potential supply chain disruptions, particularly in wafer supply and outsourcing processing, which could adversely affect production and profitability[103]. - The ongoing COVID-19 pandemic and international trade tensions pose macroeconomic risks that could affect demand for the company's products and overall business operations[111][112]. Corporate Governance and Compliance - The company has committed to not transferring or entrusting the management of its pre-IPO shares for 36 months from the date of listing, with a maximum reduction of 25% of total shares held in the first and second years after the lock-up period[158]. - The actual controller and major shareholders have strictly fulfilled their commitments during the reporting period, ensuring compliance with the agreed terms[156]. - The company has established long-term commitments with various stakeholders, including major shareholders and related parties, to maintain stability and trust[158]. - The company has demonstrated a proactive approach to governance and compliance, reinforcing its commitment to shareholder value[156].

Financial Performance - The company's revenue for Q1 2022 was CNY 200,841,522.87, representing a year-on-year increase of 50.75%[5] - Net profit attributable to shareholders was CNY 57,234,426.11, a significant increase of 246.90% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses reached CNY 74,847,262.30, marking a 356.78% increase year-on-year[5] - Total operating revenue for Q1 2022 reached ¥200,841,522.87, a significant increase of 50.6% compared to ¥133,232,337.00 in Q1 2021[24] - Net profit for Q1 2022 was ¥56,448,292.13, up from ¥16,230,905.25 in Q1 2021, representing a growth of 249.5%[28] - Operating profit for Q1 2022 was ¥62,830,204.23, compared to ¥16,398,913.92 in Q1 2021, indicating a year-over-year increase of 283.5%[28] - Basic earnings per share for Q1 2022 were ¥0.47, compared to ¥0.14 in Q1 2021, reflecting a significant increase of 235.7%[30] Research and Development - The company's R&D investment totaled CNY 21,460,948.90, which is 10.69% of revenue, a slight decrease of 0.13 percentage points from the previous year[5] - Research and development expenses for Q1 2022 totaled ¥21,460,948.90, an increase from ¥14,419,220.73 in Q1 2021, reflecting a growth of 48.8%[28] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 1,697,003,823.55, up 3.53% from the end of the previous year[6] - The total assets of the company as of the end of Q1 2022 amounted to ¥1,697,003,823.55, compared to ¥1,639,096,445.28 at the end of Q1 2021[26] - The equity attributable to shareholders increased to CNY 1,588,202,649.72, reflecting a growth of 4.18% year-on-year[6] - The company's equity attributable to shareholders reached ¥1,588,202,649.72, up from ¥1,524,493,233.48 in the previous year, marking an increase of 4.2%[26] - The total liabilities of the company decreased to ¥114,276,713.87 from ¥119,292,617.86 in the previous year, indicating a reduction of 4.3%[26] - The total current liabilities decreased to RMB 99.30 million from RMB 101.17 million, a decline of about 1.8%[21] - Non-current liabilities decreased from RMB 18.12 million to RMB 14.98 million, representing a reduction of approximately 17.5%[21] Cash Flow - The net cash flow from operating activities was not applicable, but there was an increase of CNY 67,636,000 in cash received from sales compared to the previous year[10] - Cash flow from operating activities in Q1 2022 was ¥217,879,130.08, compared to ¥126,088,827.71 in Q1 2021, showing a growth of 72.7%[32] - The net cash flow from operating activities was CNY 61,797,640.47, a significant improvement compared to a net outflow of CNY 5,835,928.84 in the previous year[34] - Total cash inflow from operating activities amounted to CNY 228,450,553.88, while cash outflow was CNY 166,652,913.41, resulting in a net cash inflow[34] - Cash inflow from investment activities was CNY 318,257,554.56, down from CNY 757,826,299.67 in the same period last year[34] - The net cash flow from investment activities was CNY 13,481,485.44, a decrease from CNY 67,204,395.07 year-over-year[34] - Cash outflow from financing activities totaled CNY 1,188,532.70, resulting in a net cash flow of -CNY 1,188,532.70[36] Inventory and Receivables - The company's inventory as of March 31, 2022, was RMB 123.58 million, compared to RMB 100.64 million at the end of 2021, marking an increase of approximately 22.7%[19] - The accounts receivable rose to RMB 98.28 million from RMB 82.83 million, showing an increase of about 18.6%[17] Incentive Plans and Future Strategy - The company approved a restricted stock incentive plan to grant 1.8 million shares, which represents approximately 1.49% of the total share capital[15] - The first grant under the incentive plan was 1.584 million shares, accounting for 88% of the total granted shares[15] - The company plans to continue its market expansion and product development initiatives as part of its growth strategy[15] Other Financial Metrics - The gross profit margin improved significantly due to a higher sales proportion of high-value products and adjustments in the pricing system[8] - The weighted average return on equity increased by 2.56 percentage points during the reporting period[10] - Other comprehensive income after tax for Q1 2022 was ¥267,450.70, compared to ¥17,851.39 in Q1 2021, representing a substantial increase of 1,895.5%[30] - The cash and cash equivalents at the end of the period reached CNY 507,485,533.29, an increase from CNY 407,209,517.22 at the end of the previous year[36] - The company's cash and cash equivalents reached RMB 507.49 million, up from RMB 433.57 million at the end of 2021, indicating a growth of approximately 17%[17] - The total current assets increased to RMB 1.474 billion from RMB 1.438 billion, reflecting a rise of about 2.5%[19] - Payments for the purchase of goods and services amounted to CNY 123,500,861.87, up from CNY 100,657,255.72 year-over-year[34] - The company paid CNY 32,419,606.77 to employees, an increase from CNY 25,421,960.76 in the previous year[34] - The impact of exchange rate changes on cash and cash equivalents was a decrease of CNY 170,155.04[36]

Financial Performance - Giantec Semiconductor reported a total revenue of RMB 1.2 billion for the fiscal year 2021, representing a year-over-year growth of 25%[18]. - The company achieved a gross profit margin of 35%, indicating a stable profitability despite market fluctuations[18]. - The firm reported a net profit of RMB 300 million for 2021, with a net profit margin of 25%[18]. - The company's operating revenue for 2021 was ¥544,053,914.82, representing a 10.17% increase compared to ¥493,852,065.62 in 2020[24]. - The net profit attributable to shareholders decreased by 33.57% to ¥108,251,077.72 in 2021 from ¥162,947,716.63 in 2020[24]. - The net profit after deducting non-recurring gains and losses increased by 41.62% to ¥85,177,275.31 in 2021 from ¥60,142,853.22 in 2020[24]. - The company's total revenue for the year reached 544.05 million yuan, an increase of 10.17% compared to the previous year[47]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan for the year, representing a growth of 25% year-over-year[186]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan, representing a year-over-year growth of 25%[187]. Research and Development - The company is investing RMB 200 million in R&D for new product development, focusing on advanced semiconductor technologies[18]. - The company's R&D expenses increased to ¥7,429.94 million in 2021, accounting for 13.66% of operating revenue, up from 10.52% in 2020[28]. - The total R&D investment for the year reached ¥74,299,444.81, an increase of 42.98% compared to the previous year[87]. - The R&D department has allocated a budget increase of 20% for the development of new technologies and products[185]. - The company is investing heavily in R&D, allocating 15% of its revenue, approximately 180 million yuan, towards new technology development[186]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan earmarked for potential deals[186]. Market Expansion and Strategy - Giantec Semiconductor plans to expand its market presence in Southeast Asia, targeting a 20% market share by 2025[18]. - The company aims to expand its global market presence, particularly in Europe, Japan, and Southeast Asia, while consolidating its position in China, Taiwan, and South Korea[175]. - Market expansion plans include entering two new international markets, aiming for a 10% market share within the first year[186]. - The company plans to enhance its digital marketing strategies to increase customer engagement and retention rates[185]. - A new strategic partnership is being established to leverage synergies in technology and distribution channels[185]. Corporate Governance - The company has not yet achieved profitability since its listing[6]. - The company has disclosed potential risks in its management discussion and analysis section, urging investors to review these risks[6]. - The company has received a standard unqualified audit report from its accounting firm[7]. - The board of directors and supervisory board members have confirmed the accuracy and completeness of the annual report[6]. - The company has established a governance structure that separates ownership and management, ensuring effective decision-making and compliance with legal regulations[179]. - The company has not reported any significant violations of laws or regulations during the reporting period, indicating a stable governance environment[180]. Product Development and Innovation - The company has launched a new line of TDDI chips, which are expected to contribute an additional RMB 300 million in revenue in 2022[18]. - The company successfully launched new EEPROM products for DDR5 memory modules and automotive electronics during the reporting period[29]. - The company has developed a dual-function chip that integrates the audio coil motor driver and EEPROM, enhancing competitiveness in the smartphone camera module market[60]. - The company has developed a new generation of EEPROM chips that are smaller in size and more efficient, utilizing advanced process technology[81]. - The company has developed several new products, including an 8Kbit DDR5 memory chip that has already been mass-produced[90]. Risks and Challenges - The company must continuously upgrade existing products and develop new ones to adapt to changing market demands, facing risks of R&D failures if key technologies do not meet expectations[109]. - The company operates under a Fabless model, outsourcing wafer manufacturing and testing, which exposes it to risks from rising raw material prices and potential supply chain disruptions[111]. - The company is exposed to foreign exchange risks due to overseas operations and sales settled in USD, which could lead to significant exchange gains or losses[122]. - The ongoing COVID-19 pandemic has negatively impacted economic activities, potentially reducing market demand for the company's products[118]. - The company faces risks from international trade tensions, which could limit business development and affect supplier and customer relationships[120]. Financial Management - The company plans to distribute a cash dividend of RMB 2.70 per 10 shares, totaling approximately RMB 32.63 million, which represents 30.14% of the net profit attributable to shareholders for 2021[8]. - The company's net cash flow from operating activities decreased by 39.42% to ¥56,114,989.69, attributed to increased inventory reserves in response to industry capacity fluctuations[127]. - The company's accounts receivable increased by 40.76% to 828.30 million RMB, mainly due to a rise in uncollected accounts as of the reporting period[144]. - The company's inventory increased by 51.29% to 1.01 billion RMB, driven by the need to respond to industry capacity fluctuations and future business development[146]. - The company's cash flow situation is detailed in the financial statements, indicating significant changes in cash flow dynamics[143].

单位：元 币种：人民币 聚辰股份 2021 年第三季度报告 证券代码：688123 证券简称：聚辰股份 聚辰半导体股份有限公司 2021 年第三季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示： ● 聚辰半导体股份有限公司（以下简称"公司"）董事会、监事会及全体董事、 监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假记载、误导 性陈述或重大遗漏，并承担个别和连带的法律责任。 ● 公司负责人陈作涛先生、主管会计工作负责人及会计机构负责人（会计主管人 员）杨翌女士保证季度报告中财务报表信息的真实、准确、完整。 ● 第三季度财务报表是否经审计 □是 √否 一、主要财务数据 主要会计数据和财务指标 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|----------------------------------------|---------- ...

Financial Results - Giantec Semiconductor Corporation reported its 2021 semi-annual financial results on August 16, 2021[2]. - The semi-annual report is unaudited, ensuring transparency in financial disclosures[7]. - No profit distribution or capital reserve transfer plans were proposed during this reporting period[8]. - The company's revenue for the first half of 2021 reached ¥264,480,149.39, representing a 21.24% increase compared to ¥218,142,429.25 in the same period last year[24]. - Net profit attributable to shareholders was ¥65,752,158.51, up 41.23% from ¥46,558,182.96 year-on-year[24]. - The net cash flow from operating activities increased by 63.75%, amounting to ¥47,963,944.71 compared to ¥29,290,387.31 in the previous year[24]. - The net assets attributable to shareholders at the end of the reporting period were ¥1,478,047,674.11, a slight increase of 1.16% from ¥1,461,079,275.65 at the end of the previous year[24]. - Total assets increased by 2.64% to ¥1,597,598,809.38 from ¥1,556,469,946.19 at the end of the previous year[24]. - The net profit excluding non-recurring gains and losses was ¥30,735,809.81, which is a decrease of 23.09% from ¥39,963,462.36 in the same period last year[24]. - The comprehensive gross margin for the first half of 2021 was 31.64%, a decrease of 4.9 percentage points compared to the same period last year[27]. - The basic earnings per share were 0.54 yuan, up 39.52% from 0.39 yuan in the same period last year[25]. Governance and Compliance - The company emphasizes the accuracy and completeness of the financial report, with all board members present at the meeting[4][6]. - There are no significant risks or non-operational fund occupation by controlling shareholders reported[5][9]. - There are no special governance arrangements or significant matters affecting the company[8]. - The company has not faced any issues with board members being unable to guarantee the report's authenticity[9]. - All financial statements are signed by the legal representative and accounting personnel, ensuring accountability[7]. - The company has established a complete independent intellectual property system with 133 total patents and design registrations[62]. - The company has committed to ensuring that all related party transactions comply with legal regulations and the company's articles of association[24]. Research and Development - Research and development expenses accounted for 12.17% of operating revenue, an increase of 1.92 percentage points year-on-year[25]. - The company has developed 25 core technologies related to non-volatile memory chips, voice coil motor driver chips, and smart card chips, maintaining a competitive edge in these areas[58]. - The company is focusing on enhancing product compatibility and reducing chip size in its new product developments, which include various memory and driver chips aimed at consumer electronics and automotive applications[68][69][70]. - The R&D team consists of professionals with over 8 years of experience, with core technical personnel holding advanced degrees from top universities and backgrounds in renowned semiconductor companies[83]. - The company has increased R&D investment significantly due to the growth in personnel costs and project expenditures, reflecting a commitment to product enhancement and new technology development[66]. Market Position and Growth - The company ranks third globally in the EEPROM market, holding the top position among domestic EEPROM suppliers[52]. - The company has established long-term stable partnerships with leading smartphone camera module manufacturers, becoming a leading brand in smartphone camera EEPROM chips since 2012[76]. - The company has expanded its market presence in the NOR Flash domain, enhancing its position in the non-volatile memory chip market[75]. - The company plans to expand into the NOR Flash market, targeting applications in smartphones, IoT, and automotive electronics[90]. - The company is collaborating with leading smartphone manufacturers to develop closed-loop and optical image stabilization voice coil motor driver chips[56]. Financial Management - The company has approved a stock incentive plan to grant 900,000 restricted stocks, with an initial grant of 720,000 shares at a price of ¥22.64 per share[141]. - The company has committed to ensuring that the registration application documents and other information disclosure materials for the public offering do not contain false records, misleading statements, or significant omissions, and will bear legal responsibility for their accuracy and completeness[161]. - The company has confirmed that all commitments have been fulfilled in a timely manner, with no noted failures[155]. - The company committed to repurchase its shares in the secondary market within three months if stock price stabilization measures are needed, with a limit of 3% of total shares and a maximum expenditure of 20% of the previous year's net profit attributable to shareholders[159]. Risks and Challenges - The company faces risks from intensified market competition, which may lead to price declines and reduced profit margins[100]. - The company is at risk of technological obsolescence if it fails to keep pace with industry upgrades and product innovations[102]. - The company is exposed to supply chain risks, including potential price increases for raw materials and outsourcing processing fees[104]. - The company has not faced any significant legal violations, lawsuits, or administrative penalties that could harm investor rights or public interests since January 1, 2016[25]. Subsidiaries and Investments - Hong Kong Import and Export subsidiary reported total assets of approximately ¥61.07 million and net profit of ¥4.11 million[135]. - Ju Chen America subsidiary had total assets of approximately ¥1.11 million with a net loss of ¥7.21 million[135]. - Ju Dong Semiconductor subsidiary reported total assets of approximately ¥10.15 million and a net loss of ¥3.18 million[135]. - The total revenue for the Hong Kong Import and Export subsidiary was approximately ¥98.67 million[135]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 9,927[187]. - The largest shareholder, Jiangxi Heguang Investment Management Co., Ltd., held 25,703,785 shares, accounting for 21.27% of the total shares[187]. - The second-largest shareholder, Jucheng Semiconductor (Hong Kong) Co., Ltd., held 11,268,552 shares, representing 9.33% of the total shares[187].

Financial Performance - The company's operating revenue for 2020 was CNY 493.85 million, a decrease of 3.80% compared to CNY 513.37 million in 2019 [24]. - The net profit attributable to shareholders for 2020 was CNY 162.95 million, representing a significant increase of 71.33% from CNY 95.11 million in 2019 [24]. - The net profit after deducting non-recurring gains and losses was CNY 60.14 million, down 38.57% from CNY 97.91 million in 2019 [24]. - The cash flow from operating activities for 2020 was CNY 92.63 million, an increase of 25.56% compared to CNY 73.77 million in 2019 [24]. - The company's total assets at the end of 2020 were CNY 1.56 billion, a 9.93% increase from CNY 1.42 billion at the end of 2019 [24]. - The weighted average return on equity for 2020 was 11.71%, a decrease of 14.02 percentage points from 25.73% in 2019 [26]. - The company's net assets attributable to shareholders increased by 10.00% to CNY 1.46 billion at the end of 2020, compared to CNY 1.33 billion at the end of 2019 [24]. - The company's EEPROM product sales revenue for the year reached 408.72 million yuan, a year-on-year decline of 9.68% [94]. - The sales revenue from EEPROM products was CNY 408,722,529.03, with a gross margin of 36.42%, down by 6.16 percentage points [128]. - The sales revenue from overseas markets was CNY 188,146,705.06, representing a decrease of 18.03% year-on-year [129]. Dividend Policy - The company plans to distribute a cash dividend of RMB 4.10 per 10 shares, totaling approximately RMB 49.55 million, which represents 30.41% of the net profit attributable to shareholders for 2020 [8]. - The company has established a cash dividend policy, ensuring that at least 20% of the distributable profits are allocated as cash dividends each year [176]. - In mature stages without major investment plans, the company aims for cash dividends to constitute at least 80% of the profit distribution [176]. - The cash dividend policy aligns with the company's profitability, financial condition, and long-term development goals, as confirmed by the independent directors and supervisory board [181]. - The company has committed to maintaining reasonable returns for investors while ensuring sustainable development in its cash dividend proposals [182]. Risk Factors - The company has disclosed potential risks in its annual report, urging investors to review the "Discussion and Analysis of Operating Conditions" section for detailed risk factors [6]. - The company faces risks from intensified market competition, which may lead to price declines and reduced profit margins [110]. - The rapid pace of technology upgrades in the integrated circuit design industry poses risks if the company fails to keep up with market demands [111]. - The company is exposed to risks related to raw material supply and outsourcing, which could impact production and profitability [115]. - The ongoing COVID-19 pandemic has negatively impacted market demand, posing risks to the company's operational performance [120]. Research and Development - Research and development expenses accounted for 10.52% of operating revenue in 2020, down 0.72 percentage points from 11.24% in 2019 [26]. - The company plans to increase R&D spending significantly in 2021 as product development progresses and the R&D team expands [30]. - The R&D personnel count increased to 70, representing 43.75% of the total workforce, up from 42.67% in the previous year [82]. - The company has developed 25 core technologies related to its main business, including EEPROM chips, voice coil motor driver chips, and smart card chips, with 21 technologies reaching a mature and stable stage [66]. - The company has achieved a significant increase in reliability for its EEPROM chips, with a data retention time of 100 years at room temperature and a write/erase cycle endurance of 400,000 times at 125°C [67]. Market Position - The company is the third largest global supplier of EEPROM products, holding the first position among domestic EEPROM companies, and has established a leading position in the smartphone camera EEPROM segment since 2016 [40]. - The global smartphone shipment volume, excluding Apple, declined by 8%-12% year-on-year, impacting the company's revenue [26]. - The company has established long-term stable partnerships with leading smartphone camera module manufacturers, including Samsung, Huawei, and Xiaomi, positioning itself as a leading brand in the smartphone camera EEPROM chip market [86]. - The company has established competitive advantages in the open-loop voice coil motor driver chip market, collaborating with leading smartphone manufacturers for closed-loop and optical image stabilization products [61]. Compliance and Governance - The board of directors and management have confirmed the accuracy and completeness of the annual report, ensuring no significant omissions or misleading statements [7]. - The company guarantees that its registration documents do not contain false records or misleading statements, and will repurchase shares if any such issues are identified [189]. - The company has established a commitment to transparency and accuracy in its financial disclosures, holding individuals accountable for any discrepancies [189]. - The company has committed to compensating investors for any losses incurred due to non-compliance with its public commitments [27]. - The company has confirmed that there are no instances of fund occupation by its controlling shareholders or related parties, ensuring the protection of shareholder interests [29].

Financial Performance - The company achieved operating revenue of CNY 133.23 million in Q1 2021, representing a 33.24% increase compared to the same period last year[15]. - The net profit attributable to shareholders was CNY 16.50 million, a decrease of 19.41% year-on-year[13]. - The gross profit margin for the company's products was 30.74%, down 7.39 percentage points from Q1 2020[17]. - The sales revenue from EEPROM products was CNY 105.61 million, up 20.58% year-on-year, while smart card chip sales increased by 175.65% to CNY 16.31 million[15]. - Total operating revenue for Q1 2021 was RMB 133.23 million, an increase of 33.3% compared to RMB 100.00 million in Q1 2020[45]. - Net profit for Q1 2021 was RMB 16.23 million, a decrease of 20.4% from RMB 20.47 million in Q1 2020[49]. - Total profit for Q1 2021 was RMB 17.80 million, a decrease of 22.5% from RMB 22.91 million in Q1 2020[49]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 5.84 million, a decline of 118.66% compared to the previous year[13]. - The company's cash and cash equivalents increased to ¥407,209,517.22 from ¥346,246,350.09, showing a growth of approximately 17.5%[31]. - Operating cash flow for Q1 2021 was negative at CNY -5,835,928.84, compared to a positive CNY 31,275,124.77 in Q1 2020[60]. - Total cash inflow from operating activities was CNY 128,670,495.01, down from CNY 138,623,361.90 in the previous year[60]. - Cash outflow for purchasing goods and services was CNY 100,657,255.72, an increase from CNY 78,282,214.67 in Q1 2020[60]. - The company received CNY 1,274,081.23 in tax refunds during Q1 2021, down from CNY 8,604,561.33 in Q1 2020[60]. Assets and Liabilities - The company had a total asset value of CNY 1.56 billion at the end of the reporting period, a slight increase of 0.43% from the end of the previous year[13]. - The total current assets slightly decreased to ¥1,543,654,261.53 from ¥1,545,685,372.62, indicating a marginal decline[31]. - The company's total liabilities increased significantly, with other current liabilities rising by 592.49% to ¥215,700.54[26]. - Total assets increased to ¥1,580,557,072.36 as of March 31, 2021, compared to ¥1,576,688,053.88 at the end of 2020, reflecting a growth of approximately 0.55%[40]. - The total liabilities decreased to ¥84,424,771.26 from ¥94,037,253.76, a decrease of approximately 10.23%[42]. - The total equity attributable to shareholders rose to ¥1,496,132,301.10 from ¥1,482,650,800.12, an increase of about 0.91%[42]. Research and Development - Research and development expenses accounted for 10.82% of operating revenue, a decrease of 0.48 percentage points compared to the previous year[13]. - Research and development expenses in Q1 2021 amounted to RMB 14.42 million, representing a 27.5% increase from RMB 11.30 million in Q1 2020[45]. Investment and Fair Value - The company reported a fair value loss of approximately CNY 7.11 million due to fluctuations in the stock price of SMIC, impacting overall performance[16]. - Investment income reached ¥7,808,005.95, attributed to investments in capital-preserving products using idle funds[26]. - The company reported a fair value loss of RMB 9.18 million in Q1 2021, with no comparable figure in Q1 2020[49]. Shareholder Information - The total number of shareholders was 10,139 as of the end of the reporting period[18]. - The company's retained earnings increased to ¥236,599,335.06 from ¥223,117,834.08, reflecting a growth of about 6.00%[42].

Financial Performance - Net profit attributable to shareholders increased by 56.69% year-on-year to CNY 119,475,679.92 for the first three quarters[14] - Operating income for Q3 was CNY 146,754,500, representing a 3.22% year-on-year growth and a 24.22% quarter-on-quarter growth[12] - The net profit excluding non-recurring gains and losses decreased by 27.73% year-on-year to CNY 57,206,981.91 for the first three quarters[11] - The company reported a net profit of ¥173,931,353.64, significantly up from ¥85,874,559.14, representing a growth of about 102.5%[32] - Net profit for Q3 2020 reached ¥72.92 million, a significant increase of 130.00% compared to ¥31.73 million in Q3 2019[42] - The total profit for the first three quarters of 2020 was CNY 129.04 million, compared to CNY 78.89 million in the same period of 2019, marking a 63.5% increase[49] Cash Flow and Liquidity - The net cash flow from operating activities increased by 156.18% year-on-year to CNY 64,846,929.56 for the first three quarters[11] - Cash and cash equivalents amounted to CNY 32,131,590, enhancing the company's financial strength and risk resistance[14] - Cash inflow from operating activities for the first three quarters of 2020 was CNY 417.68 million, up from CNY 363.55 million in the same period of 2019, an increase of 14.9%[53] - The net cash flow from operating activities for the first three quarters of 2020 was ¥77,336,905.50, slightly down from ¥77,747,026.18 in the same period of 2019, indicating a decrease of approximately 0.53%[58] - Cash and cash equivalents at the end of the period totaled ¥321,315,891.31, a decrease from ¥1,226,138,679.82 at the beginning of the year, resulting in a net decrease of approximately 73.8%[58] Assets and Liabilities - Total assets increased by 6.03% year-on-year to CNY 1,501,212,099.58 as of the end of the reporting period[10] - Total liabilities decreased significantly, with employee compensation liabilities dropping by 63.09% to ¥5,660,893.23[22] - Current liabilities decreased to ¥70,555,788.02 from ¥78,159,032.56, reflecting a reduction of approximately 9.5%[30] - Total liabilities amounted to ¥83,963,220.53, down from ¥87,590,467.24, showing a decrease of around 4.7%[30] - The company’s total current assets rose to ¥1,491,725,640.93 from ¥1,405,645,462.92, indicating a healthy liquidity position[26] Research and Development - The company's R&D expenditure accounted for 9.41% of operating income, a decrease of 1.56 percentage points compared to the previous year[11] - R&D expenses for Q3 2020 were ¥11.96 million, down 14.23% from ¥13.94 million in Q3 2019[40] - Research and development expenses decreased to CNY 11.37 million in Q3 2020 from CNY 13.25 million in Q3 2019, a reduction of 14.2%[47] Investment Activities - The company participated in the strategic placement of SMIC's IPO, resulting in a fair value gain of CNY 46,716,700[13] - The company reported an investment income of ¥6,428,391.40, a recovery from a loss of ¥1,359,000.00 in the previous year[23] - The company recorded investment income of CNY 6.21 million in Q3 2020, compared to no investment income reported in Q3 2019[47] Comprehensive Income - Other comprehensive income after tax for Q3 2020 was ¥102.94 million, compared to a loss of ¥274.45 million in Q3 2019[44] - The company has not reported any significant changes in its profit forecast for the upcoming reporting period[23]