Financial Performance - The company reported a net loss for the year 2022, leading to a decision not to distribute cash dividends or issue bonus shares [4]. - The company has not achieved profitability since its listing, indicating ongoing financial challenges [6]. - The company's operating revenue for 2022 was approximately ¥540.38 million, a decrease of 33.23% compared to ¥809.36 million in 2021 [21]. - The net profit attributable to shareholders for 2022 was approximately -¥58.56 million, representing a decline of 143.51% from a profit of ¥134.59 million in 2021 [21]. - The net cash flow from operating activities was approximately -¥74.03 million in 2022, a decrease of 133.44% compared to ¥221.36 million in 2021 [21]. - The total revenue for the reporting period decreased by 33.23% compared to the previous year, primarily due to macroeconomic factors and cyclical fluctuations in the industry [24]. - The net profit attributable to shareholders decreased by 143.51% year-on-year, with a net profit excluding non-recurring gains and losses dropping by 158.79% [24]. - Basic and diluted earnings per share fell by 137.93%, while the basic earnings per share excluding non-recurring gains and losses decreased by 151.47% [25]. - The weighted average return on equity decreased by 23.45 percentage points, and the return on equity excluding non-recurring gains and losses decreased by 24.05 percentage points [26]. - The gross margin for 2022 was 3.42%, a decline of 28.68 percentage points year-on-year, attributed to increased competition and lower product prices [85]. Governance and Compliance - The audit report for the fiscal year was issued by Tianzhi International Accounting Firm, confirming the accuracy and completeness of the financial statements [6]. - There are no significant risks related to the company's governance or non-operational fund occupation by controlling shareholders [6]. - The board of directors and management have confirmed the authenticity and completeness of the annual report, taking legal responsibility for its content [6]. - The company has not indicated any special arrangements in corporate governance or significant events affecting its operations [5]. - The company has implemented a training plan focusing on new employee onboarding and skills enhancement for various levels of staff in 2023 [162]. - The internal control system has been continuously optimized, maintaining effectiveness in both financial and non-financial reporting without significant deficiencies [169]. - The company has conducted a comprehensive self-inspection regarding fundraising management, governance, and risk management, finding no major issues [172]. - The company has established a robust governance framework to protect the rights of shareholders and creditors, ensuring transparency and compliance with regulations [190]. Research and Development - The company is focused on the integrated circuit industry, specifically in advanced packaging technologies [10]. - The company is focusing on the development of advanced packaging technologies, including Chiplet and MEMS, to enhance product offerings [12]. - Significant investments were made in R&D projects, including technologies for 5G macro base stations and high-density packaging techniques [26]. - The company has developed advanced packaging technologies, including 5G MIMO base station GaN microwave RF power amplifier packaging technology and high-density matrix integrated circuit packaging technology [75]. - The company’s R&D investment totaled approximately ¥50.99 million in the reporting period, representing a decrease of 8.35% compared to the previous year, while the R&D investment as a percentage of revenue increased by 2.57 percentage points to 9.44% [64]. - The company has developed a manufacturing execution system (MES) integrated with ERP, achieving full-process digital management [38]. - The company has established an ISO 45001 occupational health and safety management system and received certification [191]. Market and Industry Trends - The company plans to expand its market presence in the semiconductor industry, particularly in high-performance applications such as 5G communications and power electronics [12]. - The demand for integrated circuits is expected to grow significantly due to advancements in sectors like electric vehicles, artificial intelligence, and 5G technology [48]. - The semiconductor industry is experiencing a cyclical downturn, with over 70% of demand coming from consumer electronics, which has significantly impacted the company's performance [80]. - The semiconductor packaging and testing industry is expected to grow due to rising demand from emerging applications such as IoT, automotive electronics, and AI [117]. - The company is positioned to benefit from the increasing domestic semiconductor market and the shift towards local production due to high import dependency [118]. Operational Efficiency and Cost Management - The company aims to improve operational efficiency and reduce costs in response to the declining revenue trend observed in 2022 [21]. - The company faced increased costs due to rising electricity prices and higher depreciation from rapid project implementations [24]. - The company has implemented lean production and Six Sigma management to improve product quality and reduce production costs [36]. - The company plans to implement cost-cutting measures aimed at reducing operational expenses by 5% in the upcoming year [138]. Investments and Future Plans - The company plans to increase packaging capacity by 1.61 billion units annually through the "High-Density Matrix Miniaturized Integrated Circuit Packaging and Testing Expansion Project" [39]. - The company is developing a chip packaging technology for overcurrent protection circuits, with a total investment of 483 million CNY [67]. - The company is working on a laser grooving technology for GaN wafers with a total investment of 500 million CNY [67]. - The company plans to enter the European market in 2023, targeting a revenue contribution of $100 million within the first year [140]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year [138]. Community and Environmental Responsibility - The company donated a total of 500,000 CNY for various charitable activities, including 60,000 CNY for educational support and 200,000 CNY for rural revitalization projects [187][189][188]. - The company has implemented measures to reduce energy consumption, including optimizing air conditioning and cooling systems in non-production areas [183]. - The company has established a comprehensive safety production management system and employee training mechanisms to ensure workplace safety and employee rights [174]. - The company has maintained compliance with environmental standards, with all waste and emissions testing results meeting regulatory requirements [186]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 1,655, with 69 in the parent company and 1,586 in subsidiaries [160]. - The company has a total of 11 employees holding shares, representing 0.67% of the total employee count and 0.85% of the total share capital [193]. - The company has established a performance evaluation mechanism for senior management based on annual operational goals [168]. - The company is committed to maintaining its internal control self-assessment reports, ensuring compliance and risk management [131].

Financial Performance - The company's operating revenue for Q1 2023 was ¥95,927,426.22, representing a decrease of 24.12% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥33,632,281.61, with a significant decline in performance[5] - The net cash flow from operating activities was negative at ¥12,763,713.41, reflecting a decrease of 129.70% year-on-year[5] - In Q1 2023, the company reported a revenue decline of 24.12% year-on-year, with a net loss attributable to shareholders of RMB -33.63 million[13] - Net loss for Q1 2023 was ¥33,640,585.46, compared to a net loss of ¥6,108,365.96 in Q1 2022, indicating a significant increase in losses[20] - Basic and diluted earnings per share for Q1 2023 were both -¥0.32, compared to -¥0.06 in Q1 2022[21] - The company reported a total comprehensive income of -¥6,108,241.93 for the quarter, consistent with the net profit figure[30] Cash Flow and Liquidity - Cash inflow from operating activities totaled ¥126,664,537.65 in Q1 2023, down from ¥167,379,609.12 in Q1 2022, a decrease of 24.3%[22] - Cash paid for goods and services in Q1 2023 was ¥83,071,991.89, an increase from ¥63,112,479.50 in Q1 2022, reflecting a rise of 31.6%[22] - The company's cash and cash equivalents were RMB 106.46 million as of March 31, 2023, down from RMB 153.15 million at the end of 2022[14] - Cash and cash equivalents at the end of Q1 2023 totaled $55.54 million, a decrease from $117.94 million at the end of Q1 2022, indicating liquidity challenges[24] - The company reported a total cash outflow of $139.43 million from operating activities, compared to $124.40 million in the same period last year, indicating increased operational costs[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,774,443,654.97, a decrease of 0.76% from the end of the previous year[6] - The company's total current assets decreased from RMB 441.52 million at the end of 2022 to RMB 406.73 million as of March 31, 2023[15] - The total assets of the company decreased slightly from RMB 1.79 billion at the end of 2022 to RMB 1.77 billion as of March 31, 2023[15] - The company's total liabilities as of Q1 2023 were ¥920,111,554.36, compared to ¥898,270,683.17 in the previous year, showing an increase of 2.3%[19] - Total liabilities amounted to ¥898,270,683.17, with current liabilities at ¥712,162,784.95 and non-current liabilities at ¥186,107,898.22[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,088[10] - The largest shareholder, Liang Dazhong, holds 48.13% of the shares, amounting to 51,150,000 shares[10] - Total equity attributable to shareholders was ¥854,040,404.46 in Q1 2023, down from ¥889,489,615.78 in Q1 2022, a decrease of 4.0%[19] - The total equity attributable to shareholders was ¥889,489,615.78, with total equity including minority interests at ¥889,786,512.24[28] Industry and Market Conditions - The company is currently facing challenges due to macroeconomic factors and industry cyclicality, impacting sales prices and revenue[8] - The domestic integrated circuit production volume was 72.2 billion units in Q1 2023, a year-on-year decrease of 14.8%[12] - China's total integrated circuit imports fell by 22.9% year-on-year to 108.2 billion units, with an import value of USD 78.5 billion, down 26.7% compared to the same period last year[12] - The company warns of potential continued losses if the integrated circuit industry remains sluggish[13] Financial Adjustments and Policies - The company implemented a new accounting policy effective January 1, 2023, which impacted the recognition of deferred tax assets and liabilities[24] - The total assets as of January 1, 2023, were adjusted to $1.788 billion, reflecting changes due to the new accounting standards[26] - The company's net profit for Q1 2023 was reported at -¥6,108,241.93, reflecting a slight decrease of ¥124.03 compared to the previous period[30] - The deferred income tax liabilities were recorded at ¥3,702,028.68, showing a minor adjustment of ¥29,974.57[28]

投资者可于 2023 年 05 月 09 日(星期二)至 05 月 15 日(星期一)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@chippacking.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。 气派科技股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日（星期 五）发布了公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 05 月 16 日下午 16:00-17:00 举 行 2022 年度业绩说明会，就投资者关心的问题进行交流。 证券代码：688216 证券简称：气派科技 公告编号：2023-025 气派科技股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 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 2022 年度的经营成果 1 会议召开时间：2023 年 05 月 16 日 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥95,927,426.22, representing a decrease of 24.12% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥33,632,281.61, with a significant decline in performance[6]. - In Q1 2023, the company's revenue decreased by 24.12% year-on-year, with a net profit attributable to shareholders of -33.63 million RMB[13]. - Net loss for Q1 2023 was ¥33,640,585.46, compared to a net loss of ¥6,108,365.96 in Q1 2022, representing a significant increase in losses[20]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.32, compared to -¥0.06 in Q1 2022[20]. Cash Flow - The net cash flow from operating activities was negative at ¥12,763,713.41, reflecting a decrease of 129.70% year-on-year[6]. - Cash flow from operating activities for Q1 2023 was negative at -¥12,763,713.41, compared to positive cash flow of ¥42,982,521.85 in Q1 2022[21]. - Cash inflow from operating activities totaled ¥126,664,537.65 in Q1 2023, down 24.3% from ¥167,379,609.12 in Q1 2022[21]. - Cash outflow from operating activities increased to ¥139,428,251.06 in Q1 2023, compared to ¥124,397,087.27 in Q1 2022[21]. - The net cash flow from investing activities was -83,176,706.93 RMB, compared to a positive cash flow of 3,250,672.40 RMB in the previous year[22]. - The net cash flow from financing activities was 43,068,009.72 RMB, a significant improvement from a negative cash flow of -20,948,137.13 RMB in the same period last year[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,793,481,243.84, a slight increase of 0.30% from the end of the previous year[7]. - The company's total assets amounted to 1.79 billion RMB as of March 31, 2023, slightly up from 1.79 billion RMB at the end of 2022[15]. - Total current assets decreased from 441.52 million RMB at the end of 2022 to 425.79 million RMB as of March 31, 2023[15]. - Total liabilities as of Q1 2023 were ¥939,146,656.12, up from ¥898,300,657.74 in Q1 2022[19]. - Long-term borrowings increased to ¥157,300,000.00 in Q1 2023 from ¥107,840,000.00 in Q1 2022, indicating a rise in financial leverage[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,088[10]. - The largest shareholder, Liang Dazhong, holds 48.13% of the shares, totaling 51,150,000 shares[10]. - Total equity attributable to shareholders decreased to ¥854,042,891.57 in Q1 2023 from ¥889,487,128.67 in Q1 2022[19]. Industry Context - The company is facing challenges due to macroeconomic factors and industry cyclicality, leading to a decline in sales prices and operating revenue[8]. - The domestic integrated circuit production volume was 72.2 billion units in Q1 2023, a year-on-year decline of 14.8%[12]. - China's total integrated circuit imports fell by 22.9% year-on-year to 108.2 billion units, with an import value of 78.5 billion USD, down 26.7% compared to the same period last year[12]. - The company reported a potential risk of continued losses if the integrated circuit industry remains sluggish[13]. Inventory and Receivables - The company's inventory increased from 113.08 million RMB at the end of 2022 to 143.62 million RMB as of March 31, 2023[14]. - The company's accounts receivable decreased from 100.62 million RMB at the end of 2022 to 87.72 million RMB as of March 31, 2023[14]. Accounting Policies - The company implemented a new accounting policy effective January 1, 2023, impacting the recognition of deferred tax assets and liabilities[23].

Financial Performance - The company reported a loss for the year 2022 and will not distribute cash dividends or issue bonus shares[4]. - The company has not achieved profitability since its listing[6]. - The company's operating revenue for 2022 was approximately ¥540.38 million, a decrease of 33.23% compared to ¥809.36 million in 2021[21]. - The net profit attributable to shareholders of the listed company was approximately -¥58.56 million, representing a decline of 143.51% from a profit of ¥134.59 million in 2021[21]. - The net cash flow from operating activities was approximately -¥74.03 million, a decrease of 133.44% compared to ¥221.36 million in 2021[21]. - The total assets at the end of 2022 were approximately ¥1.79 billion, down 3.10% from ¥1.85 billion at the end of 2021[22]. - The net assets attributable to shareholders of the listed company were approximately ¥889.49 million, a decrease of 11.19% from ¥1.00 billion in 2021[22]. - The total revenue for the reporting period decreased by 33.23% compared to the previous year, primarily due to macroeconomic factors and cyclical fluctuations in the industry[24]. - The net profit attributable to shareholders decreased by 143.51% year-on-year, with a net profit excluding non-recurring gains and losses dropping by 158.79%[24]. - Basic and diluted earnings per share fell by 137.93%, while the basic earnings per share excluding non-recurring gains and losses decreased by 151.47%[25]. - The weighted average return on equity decreased by 23.45 percentage points, and the return on equity excluding non-recurring gains and losses decreased by 24.05 percentage points[26]. - The net cash flow from operating activities decreased by 133.44%, primarily due to reduced revenue and lower customer payments[24]. - The company faced increased costs due to rising electricity prices and higher depreciation from rapid project implementations[24]. Research and Development - The company is focusing on the development of advanced packaging technologies, including 3D packaging and Chiplet integration, to enhance product performance and market competitiveness[12]. - The proportion of R&D investment to operating revenue increased by 2.57 percentage points, reflecting continued investment in new technologies and products despite declining revenue[26]. - Significant investments were made in R&D projects, including technologies for 5G macro base stations and high-density packaging techniques[26]. - The company has developed advanced packaging technologies, including 5G MIMO base station GaN microwave RF power amplifier packaging technology and high-density large matrix integrated circuit packaging technology[75]. - The company’s R&D investment totaled approximately ¥50.99 million in the reporting period, representing a decrease of 8.35% compared to the previous year, while the R&D investment as a percentage of revenue increased by 2.57 percentage points to 9.44%[64]. - The company has developed a manufacturing execution system (MES) integrated with ERP, achieving real-time data management and digitalization of the entire production process[38]. - The company has implemented lean production and Six Sigma management to improve product quality and reduce production costs[36]. - The company has established a digital factory with 2,390 connected production and R&D devices, enhancing manufacturing resource utilization and product quality[79]. Market Strategy and Expansion - The company plans to expand its market presence in the semiconductor industry, particularly in the fields of 5G communications and power electronics[12]. - The company is exploring potential mergers and acquisitions to strengthen its technological capabilities and market position[12]. - The company aims to improve its financial performance in the upcoming fiscal year by optimizing operational efficiency and reducing costs[12]. - The company is focusing on market expansion through enhanced customer service and logistics efficiency, leveraging its geographical advantages in the Guangdong-Hong Kong-Macao Greater Bay Area[78]. - The company plans to increase R&D investment in power semiconductors and advanced packaging technologies to support product diversification[121]. - The semiconductor industry is expected to recover in 2023, driven by macroeconomic recovery and the rise of domestic semiconductor production[121]. - The company will enhance its marketing strategies and expand its sales team to improve customer service and increase market share[121]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the next fiscal year[136]. Corporate Governance - The audit report issued by Tianzhi International Accounting Firm is a standard unqualified opinion[6]. - There are no significant risks related to the company's governance or non-operational fund occupation by controlling shareholders[6]. - The company has not violated decision-making procedures for external guarantees[6]. - The board of directors and management have confirmed the accuracy and completeness of the annual report[6]. - There are no special arrangements for corporate governance applicable to the company[5]. - The company established a governance structure consisting of the shareholders' meeting, board of directors, supervisory board, and management team, complying with relevant laws and regulations[126]. - The company reported no significant differences in governance compared to regulations set by the China Securities Regulatory Commission[126]. - The company has not engaged in any significant related party transactions that could affect its independence[126]. - The company maintained a stable number of shares held by its directors throughout the reporting period[132]. Environmental and Social Responsibility - The company has established a complete environmental management system and has received ISO14001:2015 certification[172]. - The company has implemented a strict quality management system and achieved certifications including ISO9001:2015 and IATF14969:2016[77]. - The company has engaged in social responsibility by employing approximately 200 individuals from key demographics in 2022[187]. - The company donated a total of 5 million yuan for purchasing electric patrol vehicles and contributed 20 million yuan towards rural revitalization efforts[186]. - The company has conducted regular environmental monitoring, with all results conforming to the applicable discharge standards[185]. - The company has implemented a comprehensive employee rights protection system, including labor contracts and social insurance[190]. - The company has been recognized for its community engagement, including participation in charity events and support for disadvantaged groups[188][195]. - The company aims to continue enhancing its corporate governance and investor relations to foster trust and transparency with stakeholders[189][198]. Future Outlook - Future guidance indicates an optimistic outlook, projecting revenue growth of 12% for the upcoming quarter[135]. - The company provided guidance for the next fiscal year, projecting revenue growth of 25% and aiming for $1.875 billion[136]. - New product launches are expected to contribute an additional $300 million in revenue, with a focus on innovative technology solutions[136]. - The company is exploring potential acquisitions to strengthen its market position, with a budget of $200 million allocated for this purpose[136]. - The company plans to invest $50 million in sustainability initiatives over the next three years[139]. - The company aims to enhance its competitive edge through continuous improvement in production management and quality control[77].

证券代码：688216 证券简称：气派科技 气派科技股份有限公司 投资者关系活动记录表 编号： | --- | --- | --- | |----------------|-------------------------------------------|----------------------------------------------------| | | | | | | 特定对象调研 | □ 分析师会议 | | 投资者关系活动 | □ 媒体采访 | 业绩说明会 | | 类别 | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | 其他 | | | 参与单位名称及 | 线上投资者 | | | 人员姓名 | | | | 时间 | 2022 年 5 月 6 日 15:00-16:30 | | | 地点 | 上证路演中心 | | | | 董事长梁大钟先生 | | | | 副总经理、董事会秘书文正国先生 | | | 上市公司接待人 | 董事、财务总监李泽伟先生 | | | 员姓名 | 副总经理陈勇先生 | | | | 副总经理胡明强先生 | | | | 独立董事周生明先生 | ...

Financial Performance - In 2021, the company achieved a production volume of 10.3 billion units and a revenue of 809 million yuan, representing a 47.69% increase from 2020 [2] - The net profit attributable to shareholders was 135 million yuan, up 67.46% year-on-year, while the net profit excluding non-recurring items was 126 million yuan, reflecting a growth of 69.45% [2] - In Q1 2022, revenue dropped to 126 million yuan, a decline of 17% year-on-year, with a net loss of 6.1 million yuan, down 130% compared to the previous year [2] Production Challenges - The first quarter of 2022 faced significant production challenges due to external factors, including a reduction of 16 effective production days caused by the pandemic, holiday breaks, and power outages [2] - The company experienced a temporary shutdown of 4 days in March 2022, impacting production efficiency [3] - Despite these challenges, production efficiency has begun to recover as the pandemic situation improves in key areas [3] Market and Product Development - The company has made progress in automotive-grade chip packaging, having passed the IATF 14969:2016 certification, although formal production has not yet commenced [3] - The advanced packaging segment has seen growth, with expectations to increase from 28% in 2021 to 35% in 2022 [4] - The company is focusing on developing GaN (Gallium Nitride) technology for 5G base stations, which is a significant market segment [4] Cost and Pricing Dynamics - Material costs have remained high, with packaging materials accounting for 30-40% of total costs last year, while labor and manufacturing costs have increased significantly [5] - The company has adjusted packaging prices slightly in response to material cost increases, but overall price changes have been minimal [6] Future Outlook - The company plans to continue increasing capital investment to expand production capacity and align product development with customer needs [8] - The competitive landscape for third-generation semiconductor packaging is intense, with several leading domestic companies involved [5] - The company aims to enhance its market share by competing with top-tier enterprises in the industry [7]

Group 1: Market Conditions and Impact - In Q3 2021, supply-demand conditions varied across different application fields, leading to a noticeable decline in orders starting from mid-September 2021, particularly impacted by the COVID-19 outbreaks in Dongguan and Shanghai in early 2022 [2][3] - The company experienced a significant drop in orders for mobile and small home appliance products, while industrial applications and 5G communications remained relatively stable [2][3] Group 2: Revenue and Sales Dynamics - The growth rate of revenue in 2021 outpaced the growth rate of sales volume due to a 9% increase in the proportion of advanced packaging, which commands higher prices, and price increases in mid-to-low-end products [2][3] - The company anticipates producing 11.5 billion units and expects revenue of 1.028 billion in 2022, focusing on advanced packaging and customer upgrades [5][6] Group 3: Cost and Margin Considerations - Material costs account for only 30% of total costs, allowing the company to absorb short-term increases in material prices without significant impact on gross margins [3][4] - The first quarter of 2022 saw a decrease in revenue and gross margin due to four main factors, including reduced effective production days and increased capital and labor costs [4][5] Group 4: Future Plans and Capacity Expansion - The company plans to continue expanding capacity and increasing the proportion of advanced packaging from 28% in 2021 to a target of 35% in 2022 [6] - Equipment investment plans of approximately 300 million were postponed due to the pandemic, but expansion efforts will accelerate with the completion of the second-phase factory [4][5] Group 5: Research and Development Focus - The company aims for breakthroughs in GaN RF power amplifier packaging technology for 5G macro base stations, targeting large customers for increased packaging volume [6]

Financial Performance - The company's operating revenue for Q3 2022 was ¥120,420,532.68, a decrease of 47.14% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2022 was -¥23,115,630.24, representing a decline of 156.02% year-over-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥28,125,350.30, down 170.64% from the previous year[6] - In the first nine months of 2022, the company's revenue was CNY 407.62 million, a year-on-year decrease of 31.38%[15] - The net profit attributable to shareholders for the same period was CNY -23.77 million, a year-on-year decline of 121.75%[15] - The company's net profit excluding non-recurring gains and losses was CNY -37.10 million, down 135.09% year-on-year[15] - Net profit for the third quarter of 2022 was a loss of CNY 23,768,564.08, a significant decline from a profit of CNY 109,303,774.51 in the same quarter of 2021[24] - Basic and diluted earnings per share for the third quarter of 2022 were both CNY -0.22, compared to CNY 1.23 in the same quarter of 2021[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,686,691,591.33, a decrease of 8.59% compared to the end of the previous year[7] - As of September 30, 2022, the company's total current assets were CNY 410.10 million, down from CNY 705.63 million at the end of 2021[18] - Cash and cash equivalents decreased to CNY 121.67 million from CNY 177.27 million at the end of 2021[18] - Inventory increased to CNY 127.55 million, compared to CNY 103.51 million at the end of 2021[18] - The company's fixed assets rose to CNY 1.05 billion from CNY 921.25 million at the end of 2021[18] - Non-current assets totaled CNY 1,276,590,414.82 as of the end of the third quarter of 2022, an increase from CNY 1,139,583,815.50 at the end of the previous year[20] - Total liabilities amounted to CNY 755,427,451.92, down from CNY 843,678,270.15 in the previous year[20] - The company's total assets were CNY 1,686,691,591.33, compared to CNY 1,845,210,003.48 in the previous year[20] - The company reported a total equity of CNY 931,264,139.41, down from CNY 1,001,531,733.33 in the previous year[20] Cash Flow - The net cash flow from operating activities was -¥50,203,850.58, reflecting a decline of 145.84% year-over-year[7] - In the first three quarters of 2022, the cash inflow from operating activities was approximately $472.51 million, a decrease of 9.9% compared to $524.70 million in the same period of 2021[26] - The net cash flow from operating activities for Q3 2022 was -$50.20 million, contrasting with a positive net cash flow of $109.51 million in Q3 2021[27] - Cash inflow from investment activities in the first three quarters of 2022 was approximately $451.20 million, significantly higher than $96.21 million in the same period of 2021[27] - The net cash flow from investment activities for Q3 2022 was -$47.39 million, an improvement from -$357.46 million in Q3 2021[27] - The cash inflow from financing activities in Q3 2022 was $146.30 million, down from $401.18 million in Q3 2021[27] - The net cash flow from financing activities for Q3 2022 was $62.95 million, compared to $309.20 million in Q3 2021[27] - The total cash and cash equivalents at the end of Q3 2022 stood at approximately $58.85 million, down from $83.32 million at the end of Q3 2021[27] - The company reported a significant increase in cash received from investment recoveries, totaling $444.01 million in Q3 2022, compared to $95.50 million in Q3 2021[27] - The company paid approximately $342.75 million for goods and services in the first three quarters of 2022, an increase from $209.85 million in the same period of 2021[26] - The company’s cash outflow for taxes paid in Q3 2022 was $10.37 million, a decrease of 52.5% from $21.80 million in Q3 2021[27] Research and Development - Research and development expenses totaled ¥11,761,007.28, accounting for 9.77% of operating revenue, an increase of 2.51 percentage points year-over-year[7] - Research and development expenses for the third quarter of 2022 were CNY 39,883,265.88, an increase from CNY 37,542,521.33 in the same quarter of 2021[23] Market Conditions - The company experienced a significant decline in revenue due to the impact of the consumer electronics market and the pandemic, leading to lower sales volumes and average selling prices[10] - The company is facing increased fixed costs due to the implementation of fundraising projects and expansion projects, contributing to the decline in net profit[10] - The semiconductor industry faced pressure due to a decline in consumer electronics demand, with integrated circuit production in China down 10.80% year-on-year in the first nine months of 2022[15] - The company experienced a decrease in orders, leading to underutilization of production capacity and increased fixed costs compared to the same period last year[15] - The company’s major end-user applications are in consumer electronics, which have been adversely affected by the ongoing economic conditions[15] Operating Costs - Total operating revenue for the first three quarters of 2022 was CNY 407,622,049.87, a decrease from CNY 594,050,081.85 in the same period of 2021[22] - Total operating costs for the first three quarters of 2022 were CNY 451,036,186.10, compared to CNY 472,540,190.74 in the previous year, reflecting a reduction in costs[22]

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a year-over-year increase of 20%[14]. - The company's revenue for the first half of 2022 was ¥287,201,517.19, a decrease of 21.58% compared to ¥366,218,391.80 in the same period last year[19]. - The net profit attributable to shareholders was -¥652,509.27, representing a decline of 100.96% from ¥68,039,076.95 in the previous year[19]. - The gross margin for the first half of 2022 was reported at 35%, an improvement from 30% in the same period last year[14]. - Operating expenses increased by 10% to 150 million CNY, primarily due to higher marketing costs associated with new product launches[14]. - The company's operating revenue for the first half of 2022 was ¥287,201,517.19, a decrease of 21.58% compared to ¥366,218,391.80 in the same period last year[66]. - The net cash flow from operating activities decreased by 79.69%, amounting to ¥14,751,622.15 compared to ¥72,646,232.59 in the same period last year[19]. - The basic earnings per share for the first half of 2022 was -¥0.01, down 101.18% from ¥0.85 in the same period last year[20]. Research and Development - The company has invested 100 million CNY in R&D for new technologies, focusing on GaN semiconductor applications[14]. - Research and development expenses accounted for 9.79% of revenue, an increase of 4.06 percentage points from 5.73% in the previous year[20]. - The company achieved a 33.92% increase in R&D expenses, totaling ¥28,122,258.60 compared to ¥20,998,956.43 in the previous year[40]. - The company successfully developed and mass-produced 9 MEMS products, laying a solid foundation for further research in substrate packaging technology[38]. - The company is developing a new laser grooving technology for GaN wafers, aiming to achieve industry-leading process levels[43]. - The company has developed a complete MEMS silicon microphone packaging process, with a production capacity of 1,500 units, currently in small batch production, targeting consumer electronics applications such as mobile phones and computers[44]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the next year[14]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance production capacity by 30%[14]. - The company has established a new partnership with a leading tech firm to co-develop next-generation ICs, aiming for a market entry by Q4 2022[14]. - The company is focusing on expanding its market presence in 5G base station products, with significant advancements in high-power packaging technology[43]. - Market expansion efforts are underway in regions such as Asia and Europe, with a target to increase market share by H% by the end of the year[101]. Environmental and Social Responsibility - The company has established a complete environmental management system and has obtained ISO14001:2015 certification for its subsidiaries[88]. - The company’s wastewater treatment meets the Class A discharge standards of GB18918-2002, ensuring no environmental impact[90]. - The company has implemented energy-saving measures, including the purchase of low-power equipment and restrictions on air conditioning temperatures, to reduce carbon emissions[93]. - The company donated 60,000 RMB for educational support and 500,000 RMB for community infrastructure projects as part of its social responsibility initiatives[94]. - The company’s emissions from production processes comply with the relevant standards, including VOCs and noise pollution limits[89]. Corporate Governance and Shareholder Information - The company has undergone significant changes in its board and management, with multiple resignations and elections occurring in 2022[82]. - No profit distribution or capital reserve transfer plans were proposed for the half-year period[84]. - The company committed to not transferring or entrusting the management of its shares for 36 months from the date of its IPO, with a lock-up period for shares issued prior to the IPO[97]. - The company will not reduce its shareholdings if it is under investigation for securities violations or has received administrative penalties within the last 6 months[104]. - The company will ensure compliance with all relevant laws and regulations regarding share reductions[104]. Financial Position and Assets - The company's total assets decreased by 6.15%, totaling ¥1,731,790,149.85 compared to ¥1,845,210,003.48 at the end of the previous year[19]. - The total current assets decreased to CNY 485,515,974.65 from CNY 705,626,187.98, reflecting a significant decline of approximately 31.2%[153]. - The company's total liabilities were CNY 730,611,049.70, down from CNY 843,678,270.15 at the start of the period, indicating a reduction in financial obligations[155]. - The total equity attributable to shareholders was CNY 1,000,879,224.07, slightly down from CNY 1,001,531,733.33[155]. - The total amount raised from the initial public offering (IPO) was CNY 393.77 million, with a net amount of CNY 338.22 million after deducting issuance costs[124]. Operational Efficiency - The company has implemented various training programs to enhance the skills of its production line employees, supporting the optimization of lean production line design technology[51]. - The company has established a new packaging production platform for low-cost ultra-high-density TSSOP8(11R) lead frame, with a production capacity of 650 units, currently in the verification phase[45]. - The company plans to reduce operational costs by M% through efficiency improvements and restructuring initiatives[101]. - The company aims to improve operational efficiency and reduce costs by optimizing process management and enhancing internal control systems[109].