Financial Performance - The company's operating revenue for Q1 2023 was ¥187,081,465.93, representing a year-on-year increase of 1.03%[5] - The net profit attributable to shareholders decreased by 39.10% to ¥20,478,005.99 compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 62.19% to ¥11,283,550.08[9] - Basic and diluted earnings per share were both ¥0.18, down 40.00% year-on-year[6] - The net profit for Q1 2023 was CNY 19,477,944.27, a decrease of 42% compared to CNY 33,510,342.77 in Q1 2022[20] - Operating profit for Q1 2023 was CNY 17,768,749.35, down 48% from CNY 33,945,450.21 in Q1 2022[19] - The total comprehensive income for Q1 2023 was CNY 19,467,093.60, a decrease of 42% from CNY 33,506,331.31 in Q1 2022[20] Research and Development - Total R&D investment reached ¥49,677,280.54, an increase of 36.06% compared to the previous year, accounting for 26.55% of operating revenue[6][9] - The company plans to continue increasing R&D investment to enhance product development capabilities, particularly in industrial and automotive sectors[9] - Research and development expenses increased to CNY 49,677,280.54, up 36% from CNY 36,511,375.29 in the previous year[19] Cash Flow and Assets - The net cash flow from operating activities was negative at -¥23,468,054.15, indicating cash outflow during the period[5] - The cash flow from operating activities showed a net outflow of CNY 23,468,054.15, worsening from a net outflow of CNY 9,136,633.94 in Q1 2022[23] - Cash and cash equivalents were CNY 305,990,017.24, down from CNY 519,598,632.59 at the end of 2022, representing a decrease of approximately 41.14%[15] - The cash and cash equivalents at the end of Q1 2023 were CNY 305,990,017.24, compared to CNY 174,092,178.04 at the end of Q1 2022[24] - Total assets at the end of the reporting period were ¥1,699,101,680.26, a decrease of 1.22% from the end of the previous year[6] - Total current assets amounted to CNY 1,308,381,937.66, a decrease from CNY 1,330,639,627.87 at the end of 2022, showing a decline of about 1.67%[15] - Total assets were CNY 1,699,101,680.26, slightly down from CNY 1,720,140,222.40 at the end of 2022, reflecting a decrease of approximately 1.22%[17] Equity and Liabilities - The equity attributable to shareholders increased by 1.72% to ¥1,496,075,899.07 compared to the end of the previous year[6] - The company's equity attributable to shareholders was CNY 1,496,075,899.07, an increase from CNY 1,470,726,007.29 at the end of 2022, showing a growth of about 1.72%[17] - Total liabilities as of March 31, 2023, were CNY 204,379,231.26, down from CNY 249,767,603.46 at the end of 2022, indicating a reduction of about 18.16%[17] Operating Costs - Total operating costs for Q1 2023 were CNY 179,485,032.42, up from CNY 155,874,564.93 in Q1 2022, indicating an increase of about 15.14%[18] - Operating costs included CNY 113,949,465.46 in cost of goods sold, compared to CNY 108,269,498.01 in the previous year, reflecting a rise of approximately 5.25%[18] Tax and Other Expenses - The company incurred tax expenses of CNY 1,684,194.12, compared to a tax benefit of CNY 387,868.08 in the previous year[19]

Financial Performance - The company's operating revenue for 2022 was CNY 719,591,403.82, a decrease of 4.46% compared to CNY 753,171,012.92 in 2021[20]. - The net profit attributable to shareholders decreased by 55.36% to CNY 89,844,436.30 from CNY 201,280,924.67 in the previous year[20]. - The net cash flow from operating activities dropped by 79.79% to CNY 51,852,291.68, down from CNY 256,617,725.96 in 2021[20][22]. - Basic earnings per share fell by 55.62% to CNY 0.79, compared to CNY 1.78 in 2021[21]. - The company reported a decrease in net profit after deducting non-recurring gains and losses by 61.82% to CNY 58,006,935.00[20]. - The weighted average return on equity decreased by 8.36 percentage points to 6.09% from 14.45% in 2021[21]. - The company achieved operating revenue of ¥719,591,403.82, a decrease of 4.46% compared to the previous year[74]. - The net profit attributable to the parent company was ¥89,844,436.30, reflecting a year-on-year decline of 55.36% due to the semiconductor downturn[66]. Research and Development - The company's R&D expenditure accounted for 26.28% of operating revenue, an increase of 8.79 percentage points from 17.49% in 2021[21]. - The total R&D expenses for the year amounted to RMB 189.09 million, representing 26.28% of the company's total revenue[34]. - The company has applied for 16 new patents during the reporting period, with 4 patents granted, including 2 invention patents[34]. - The company has developed 15 core technologies in power integrated circuits, all of which are original innovations and have been protected by intellectual property rights[48]. - The company’s innovative low-power high-voltage startup technology reduces startup time by 90% and standby power loss by 70% compared to traditional methods[49]. - The company’s R&D team consists of 238 members, with 70.41% of employees dedicated to research and development, including 4 PhDs[63]. - R&D investment totaled approximately ¥189.09 million, a significant increase of 43.53% year-over-year, representing 26.28% of total revenue[54]. Market and Industry Trends - The Chinese smartphone market saw a decline in sales of 13.2% in 2022, with approximately 286 million units sold[31]. - The retail market for home appliances in China decreased by 7.4% in 2022, totaling RMB 708.1 billion[31]. - The integrated circuit industry in China saw a production decline of 9.8% in 2022, with a total output of 32.42 billion units, and a 12% decrease in exports, totaling 27.34 billion units[40]. - The household appliance market is experiencing a trend towards smart appliances, with the demand for power management chips expected to continue growing due to the integration of smart modules[44]. - The standard power supply market is expanding significantly, driven by the increasing prevalence of IoT devices and fast-charging technology, leading to strong growth in demand for standard power supply chips[45]. - The industrial power market is projected to see increased demand for chips and modules due to the rising global energy needs and the push for renewable energy solutions[46]. - The domestic power management chip market has a growth potential as current domestic products account for less than 20% of the market[110]. Corporate Governance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures for providing guarantees[7]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity and completeness of the annual report[7]. - The company has not disclosed any special arrangements for corporate governance[7]. - The company has implemented a business continuity management system to enhance supplier collaboration and improve delivery levels[61]. - The company has established a remuneration and assessment committee that proposes remuneration for directors and senior management[131]. - The company has maintained a rigorous approach to internal control and compliance with regulatory requirements throughout the reporting period[141]. Shareholder and Executive Compensation - The total number of shares held by the chairman, Zhang Lixin, remained unchanged at 34,301,000 shares, with a pre-tax compensation of 698,000 CNY[123]. - The total number of shares held by the general manager, Yi Yangbo, increased by 75,000 shares to 4,662,000 shares, with a pre-tax compensation of 808,000 CNY[123]. - The total number of shares held by the director, Xue Weiming, increased by 60,000 shares to 1,557,000 shares, with a pre-tax compensation of 968,000 CNY[123]. - The total number of shares held by the financial director, Yi Huimin, increased by 22,500 shares to 33,000 shares, with a pre-tax compensation of 927,700 CNY[123]. - The total number of shares held by the deputy general manager, Li Haisong, increased by 12,000 shares to 120,000 shares, with a pre-tax compensation of 1,321,800 CNY[123]. - The total number of shares held by all listed executives at the end of the reporting period was 40,873,000 shares, with a total pre-tax compensation of 8,996,200 CNY[123]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 899.62 million RMB[131]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.50 per 10 shares, totaling RMB 27,905,508.25, which accounts for 31.06% of the net profit attributable to shareholders for 2022[5]. - The proposed cash dividend for 2022 is RMB 2.50 per 10 shares (including tax), totaling RMB 27,905,508.25 (including tax), which accounts for 31.06% of the net profit attributable to the parent company[146]. - The company has adhered to its cash dividend policy, ensuring clarity in distribution standards and compliance with decision-making procedures[147]. - The board of directors and independent directors have approved the profit distribution plan, ensuring the protection of minority shareholders' rights[147]. - The company has not engaged in capital reserve transfers or stock dividends for the 2022 profit distribution[146]. Environmental and Social Responsibility - The company does not engage in activities that cause environmental pollution, as it operates under a Fabless model for IC design[166]. - The company has made a donation of 2.5069 million RMB for public welfare activities[169]. - The company donated 12 million RMB to Southeast University to support the development of its electronic discipline and reward outstanding students and teachers[175]. - The company emphasizes ESG responsibilities, focusing on corporate governance and stakeholder rights[164]. - The company has not established an environmental protection mechanism, as it does not fall under key pollutant discharge units[166]. Strategic Initiatives - The company plans to continue expanding its high-quality talent team focused on R&D and increasing the development of industrial and automotive products[21]. - The company aims to enhance its market presence through the development of advanced power semiconductor technologies, which are expected to create a trillion-level market opportunity[47]. - The company is actively expanding into the new energy vehicle sector, having completed ISO 26262 certification for functional safety and testing several products for AEC-Q100 reliability certification[35]. - The company aims to upgrade its technology platform along the product lines from consumer-grade to industrial-grade and automotive-grade[34]. - The company has launched two phases of restricted stock incentives covering over 40% of employees to attract and retain top talent[113]. - The company aims to accelerate the training and recruitment of high-quality talent, particularly in integrated circuit design and management[116].

Financial Performance - The company's operating revenue for Q3 2022 was ¥152,111,470.25, a decrease of 27.26% compared to the same period last year[5] - Net profit attributable to shareholders was ¥20,528,016.30, down 65.07% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥12,832,817.14, a decline of 72.97% compared to the previous year[5] - Basic earnings per share were ¥0.18, reflecting a decrease of 65.38% year-on-year[6] - Cumulative sales revenue for the year-to-date period reached CNY 527.51 million, down 1.50% year-on-year[10] - Net profit attributable to shareholders for Q3 2022 decreased by 65.07% due to reduced operating revenue and increased R&D expenses[10] - Basic earnings per share for Q3 2022 were CNY -0.65, a decline of 65.38% year-on-year[10] - Total revenue for the first three quarters of 2022 was ¥527,512,031.24, a decrease of 1.93% compared to ¥535,549,481.68 in the same period of 2021[20] - Net profit for the third quarter was ¥78,330,659.81, down 39.2% from ¥129,019,409.01 in the previous year[22] - The company reported a total comprehensive income of ¥78,383,448.83 for the third quarter, a decrease from ¥129,015,210.18 in the previous year[22] Research and Development - R&D investment totaled ¥41,425,511.47, an increase of 24.97% compared to the same period last year, representing 27.23% of operating revenue[6] - R&D expenses for Q3 2022 increased by 48.97%, reflecting the company's commitment to talent acquisition and project investment[10] - The company plans to continue increasing R&D investment to enhance product development and market competitiveness[6] - Research and development expenses for the third quarter reached ¥129,020,756.39, an increase of 49.0% compared to ¥86,606,763.59 in the same period last year[21] Cash Flow and Assets - The company reported a cash flow from operating activities of -¥769,081.37, indicating a significant decline[6] - Cash flow from operating activities for the year-to-date period decreased by 100.50% due to lower revenue and increased employee compensation[10] - The net cash flow from operating activities for Q3 2022 was -769,081.37, a significant decline compared to RMB 153,884,589.43 in Q3 2021[25] - The total cash inflow from operating activities in Q3 2022 was RMB 532,037,359.96, up from RMB 311,085,681.71 in Q3 2021, representing a growth of approximately 71.0%[25] - The total assets at the end of the reporting period were ¥1,611,634,861.45, a decrease of 1.40% from the end of the previous year[6] - The total assets as of the end of the third quarter were ¥1,611,634,861.45, slightly down from ¥1,634,436,876.14 at the end of the previous quarter[18] Liabilities and Equity - Total liabilities increased to ¥155,348,846.78, compared to ¥119,103,069.27 in the same period last year[18] - The company's equity attributable to shareholders was ¥1,456,164,680.95, down from ¥1,514,677,280.07 year-over-year[18] - Deferred tax assets increased to ¥10,913,953.86 from ¥6,089,103.46 year-over-year[18] Market Performance - The market share of AC-DC and Gate driver chips for home appliances increased, contributing to a 5.75% growth in overall sales for this segment[10] - The company reported a 51.98% increase in sales for industrial power chips, attributed to the optimization of upstream and downstream resources[10] Shareholder Information - The company has a total of 11,687 common shareholders as of the report date[12] - The company paid RMB 67,859,100.00 in dividends and interest in Q3 2022, compared to RMB 33,840,000.00 in Q3 2021, indicating an increase in shareholder returns[25]

Financial Performance - The company's operating revenue for Q3 2022 was ¥152,111,470.25, a decrease of 27.26% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥20,528,016.30, down 65.07% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥12,832,817.14, reflecting a decline of 72.97% compared to the previous year[5]. - Basic earnings per share were ¥0.18, a decrease of 65.38% from the same period last year[6]. - Year-to-date revenue reached CNY 527.51 million, down 1.50% year-on-year, with home appliance chips showing a 5.75% increase in sales[10]. - Net profit attributable to shareholders for Q3 2022 decreased by 65.07% due to reduced revenue and increased R&D expenses[10]. - Basic earnings per share for Q3 2022 were CNY -0.65, a decline of 65.38% compared to the previous year[10]. - The company reported a total comprehensive income of ¥78,383,448.83 for the third quarter, a decrease from ¥129,015,210.18 in the previous year[22]. Research and Development - The total R&D investment amounted to ¥41,425,511.47, an increase of 24.97% year-on-year, representing 27.23% of operating revenue[6]. - R&D expenses increased by 48.97% year-to-date, reflecting the company's commitment to talent acquisition and project investment[10]. - Research and development expenses for the third quarter reached ¥129,020,756.39, an increase of 49.0% compared to ¥86,606,763.59 in the same period last year[21]. - The company has made significant investments in new technologies and product development, although specific new products were not detailed in the report[10]. Cash Flow and Assets - The company reported a cash flow from operating activities of -¥769,081.37, indicating a significant decline[6]. - The net cash flow from operating activities for the first three quarters of 2022 was -769,081.37 RMB, a significant decrease compared to 153,884,589.43 RMB in the same period of 2021[25]. - Cash flow from operating activities for the year-to-date period decreased by 100.50% due to lower revenue and increased employee compensation[10]. - Cash and cash equivalents at the end of Q3 2022 stood at 167,112,926.24 RMB, down from 388,299,616.49 RMB at the end of Q3 2021[25]. - The total cash outflow from operating activities of 415,348,192.44 RMB in Q3 2022, compared to 311,085,681.71 RMB in Q3 2021, reflecting an increase of approximately 33%[25]. Shareholder Information - The company reported a total of 11,687 common shareholders as of the end of the reporting period[12]. - The largest shareholder, Zhang Lixin, holds 30.31% of the shares, totaling 34,301,000 shares[12]. Liabilities and Equity - Total assets at the end of the reporting period were ¥1,611,634,861.45, a decrease of 1.40% from the end of the previous year[6]. - The company's equity attributable to shareholders was ¥1,456,164,680.95, a decrease of 3.86% from the previous year-end[6]. - Total liabilities increased to ¥155,348,846.78, compared to ¥119,103,069.27 in the same period last year[18]. - The company's equity attributable to shareholders was ¥1,456,164,680.95, down from ¥1,514,677,280.07 year-over-year[18]. Operating Costs - Total operating costs increased to ¥473,946,116.87, up 13.36% from ¥418,141,069.66 year-over-year[20]. - The cash paid for purchasing goods and services increased to 229,232,696.39 RMB in the first three quarters of 2022, compared to 193,583,874.22 RMB in the same period of 2021, marking an increase of about 18%[25]. - The cash paid for employee compensation increased to 79,991,456.59 RMB in the first three quarters of 2022, compared to 59,050,428.20 RMB in the same period of 2021, indicating a rise of about 36%[25].

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 25%[12]. - The company's revenue for the first half of the year reached CNY 375.40 million, representing a 15% increase compared to the same period last year[19]. - The company achieved operating revenue of ¥375,400,560.99, representing a year-on-year growth of 15%[63]. - The net profit attributable to shareholders decreased by 16.99% to CNY 58.34 million, down from CNY 70.28 million in the previous year[19]. - The net profit for the first half of 2022 was CNY 58,024,819.32, a decrease of 17% from CNY 70,278,361.98 in the first half of 2021[159]. - The company’s net profit for the first half of 2022 was CNY 46,512,750.05, down 40.7% from CNY 78,489,176.07 in the first half of 2021[163]. - The company reported a total comprehensive income attributable to the parent company of CNY 58,360,685.86, down 17% from CNY 70,273,815.46 in the previous year[163]. - The company’s total equity at the end of the reporting period is RMB 1,325,609,563.38, compared to RMB 1,262,060,387.31 at the end of the previous year, reflecting an increase of approximately 5.03%[180]. Research and Development - The gross profit margin for the first half of 2022 was 35%, compared to 30% in the same period last year, indicating improved profitability[12]. - The company is investing RMB 50 million in R&D for new technologies related to electric vehicle power management systems[12]. - Research and development expenses increased by 63.86%, leading to a decline in net profit attributable to shareholders[21]. - The proportion of R&D investment to revenue rose to 23.33%, an increase of 6.95 percentage points compared to the previous year[20]. - The company achieved a total R&D investment of approximately ¥87.60 million, representing a year-on-year increase of 63.86%[43]. - The company’s R&D expenses for the reporting period amounted to 87.60 million yuan, accounting for 23.33% of total revenue[53]. - The company has developed 15 core technologies in power integrated circuits, all of which are original innovations and have applied for intellectual property protection[36]. - The company has a strong R&D team with 3 PhD holders, contributing to a total of 208 personnel, ensuring a high level of expertise in semiconductor technology[52]. Market Expansion and Product Development - User data showed an increase in active users by 15% year-on-year, reaching 1.2 million active users by June 30, 2022[12]. - The company plans to launch two new products in the second half of 2022, focusing on power management chips and analog chips, aiming to capture a larger market share[12]. - Market expansion efforts include entering the Southeast Asian market, with a projected revenue contribution of RMB 100 million by the end of 2022[12]. - The company is actively expanding into the new energy vehicle sector, with plans for high-voltage power and drive power chip development[35]. - The company is involved in the development of new energy vehicles, with a projected compound annual growth rate of over 30% needed to meet future market penetration goals[34]. - The company has launched several innovative products, including a 700V integrated MOS switch power management chip and a 1000V smart MOS switch power management chip[57]. Financial Stability and Investments - The company’s cash reserves at the end of June 2022 stood at RMB 200 million, providing a solid financial foundation for future investments[12]. - The company has set a revenue target of RMB 1 billion for the full year 2022, which would require a 20% increase in the second half[12]. - The company has committed to a share buyback program worth $15 million to enhance shareholder value[92]. - The company reported a significant increase in prepayments by 196.43% to ¥98,272,421.45, indicating a strategy to secure supplier capacity[70]. - The company reported no significant mergers or acquisitions were reported during the first half of 2022, but the company is exploring potential partnerships to enhance its product offerings[12]. Risks and Challenges - The company has identified potential risks including supply chain disruptions and increased competition in the semiconductor industry, with strategies in place to mitigate these risks[12]. - The company faces risks related to high supplier concentration, with the top five suppliers accounting for 80.03% of purchases[60]. - The overall market for consumer electronics has been impacted by global pandemic, geopolitical issues, and inflation, leading to a decline in retail sales in the home appliance market by 9.3%[55]. Shareholder and Equity Management - The company will ensure that the distribution of retained earnings prior to the IPO is shared among both new and existing shareholders[106]. - The company has established a commitment to avoid any competition with its controlling shareholders and actual controllers in similar business areas[109]. - The company will ensure that any related party transactions are conducted at fair market prices and comply with legal disclosure obligations[112]. - The company has a plan to use repurchased shares for employee stock ownership plans or equity incentives within three years[125]. - The company reported a total fundraising amount of 798,060,000.00 CNY, with a net amount of 722,491,075.72 CNY after deducting issuance costs[121].

Financial Performance - The company achieved operating revenue of CNY 185.17 million in Q1 2022, representing a year-on-year growth of 29.79%[5] - Net profit attributable to shareholders was CNY 33.63 million, an increase of 13.75% compared to the same period last year[7] - The gross profit margin for the period was 41.53%, up by 1.01 percentage points year-on-year, driven by an increase in the proportion of higher-margin industrial power chips[7] - Total operating revenue for Q1 2022 was CNY 185,174,541.30, representing a 30% increase from CNY 142,672,843.64 in Q1 2021[22] - Net profit for Q1 2022 reached CNY 33,510,342.77, an increase of 13% compared to CNY 29,563,155.35 in Q1 2021[23] - The company reported a total comprehensive income of CNY 33,506,331.31 for Q1 2022, compared to CNY 29,564,272.35 in Q1 2021[24] - Basic and diluted earnings per share for Q1 2022 were both CNY 0.30, up from CNY 0.26 in Q1 2021[24] Research and Development - Research and development expenses totaled CNY 36.51 million, reflecting a significant increase of 66.71% year-on-year, primarily due to talent acquisition and new project initiatives[8] - The proportion of R&D expenses to operating revenue rose to 19.72%, an increase of 4.37 percentage points year-on-year[6] - R&D expenses for Q1 2022 amounted to CNY 36,511,375.29, a significant rise of 67% from CNY 21,900,808.49 in Q1 2021[23] - The company plans to continue investing in R&D for new energy vehicle power supply and industrial-grade digital power management chips, indicating a focus on market expansion and technological advancement[8] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 9.14 million, indicating a cash outflow during the quarter[6] - Cash flow from operating activities was negative at CNY -9,136,633.94 in Q1 2022, compared to a positive CNY 5,349,541.45 in Q1 2021[26] - Cash received from sales and services in Q1 2022 was CNY 212,258,646.61, a substantial increase from CNY 81,420,606.78 in Q1 2021[25] - The company's cash and cash equivalents were ¥174,092,178.04, down from ¥709,750,540.41 at the end of 2021, reflecting a decrease in liquidity[17] - The total cash and cash equivalents at the end of the period decreased to $174.09 million from $321.18 million, reflecting a net decrease of $535.66 million[27] - The cash flow from financing activities resulted in a net outflow of -$745,770.94, indicating no significant inflow from financing activities[27] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1.75 billion, an increase of 7.23% from the end of the previous year[6] - As of March 31, 2022, the total assets amounted to ¥1,752,667,679.31, an increase from ¥1,634,436,876.14 at the end of 2021[18] - The total liabilities as of March 31, 2022, were ¥188,012,068.36, compared to ¥119,103,069.27 at the end of 2021, indicating a significant increase[19] - The total current assets were ¥1,390,566,573.21, slightly down from ¥1,406,077,779.82 at the end of 2021[18] - The company's inventory increased to ¥132,076,136.72 from ¥101,981,857.02, showing a growth of approximately 29.5%[18] - The accounts receivable decreased to ¥101,263,015.85 from ¥110,889,759.00, a decline of about 8.0%[18] - The total non-current assets were ¥362,101,106.10, up from ¥228,359,096.32, indicating a growth of approximately 58.5%[18] - The company's short-term borrowings were not specified, but the total current liabilities amounted to ¥173,206,123.85, an increase from ¥106,695,709.99[19] - The company reported a total equity of ¥113,098,500.00, unchanged from the previous period[19] Other Financial Activities - The company has engaged in financing and securities lending activities, with a total of 224,100 shares involved in such transactions[15] - Investment cash inflow for Q1 2022 was CNY 790,871,112.03, significantly higher than CNY 100,172,584.11 in Q1 2021[26] - The net cash flow from investing activities was -$525.74 million, an improvement from -$672.05 million in the previous period[27] - The company reported a total cash outflow from investment activities of $1.32 billion, compared to $772.23 million previously[27] - The initial cash and cash equivalents balance was $709.75 million, down from $987.89 million in the previous period[27] - The company has not adopted the new accounting standards for the current year, indicating a potential impact on financial reporting[27]

Financial Performance - The company's operating revenue for 2021 reached ¥753.17 million, a year-on-year increase of 75.44% compared to ¥429.30 million in 2020[22]. - Net profit attributable to shareholders was ¥201.28 million, representing a 101.81% increase from ¥99.74 million in the previous year[22]. - The net cash flow from operating activities surged by 601.35% to ¥256.62 million, up from ¥36.59 million in 2020[24]. - Basic earnings per share increased by 71.15% to ¥1.78, compared to ¥1.04 in 2020[23]. - The company's total assets at the end of 2021 were ¥1.63 billion, a 17.15% increase from ¥1.40 billion at the end of 2020[22]. - The gross profit margin improved to 43.00%, an increase of 5.30 percentage points compared to 2020[78]. - The net profit after deducting non-recurring gains and losses was ¥151.92 million, an increase of 88.42% from ¥80.63 million in 2020[22]. Research and Development - Research and development expenses accounted for 17.49% of operating revenue, up from 13.65% in 2020, indicating a focus on innovation[23]. - The total R&D investment for the year was approximately ¥131.74 million, a 124.80% increase from the previous year's ¥58.60 million[54]. - The company added 26 new patent applications during the reporting period, including 24 invention patents[35]. - The company has developed 15 core technologies, all of which are original innovations and have applied for intellectual property protection[49]. - The company has accumulated 84 domestic and international patents, including 65 invention patents, enhancing its competitive edge[66]. - The company is focusing on developing GaN-based wide bandgap semiconductor technologies to improve efficiency and reduce noise in power supply applications[115]. Market Position and Strategy - The company actively expanded its customer base and market reach, contributing to significant revenue and profit growth[24]. - The company is positioned as a leading domestic supplier of power management chips for major home appliance brands, including Midea and Haier[42]. - The demand for power management chips is expected to grow significantly due to the increasing trend of smart home appliances and energy efficiency standards[45]. - The company plans to expand its market presence through strategic investments and acquisitions, including a capital increase in Chuzhou Huari Microelectronics[105]. - The company aims to expand its market presence in industrial applications, with sales in this sector reaching 16% of total revenue, focusing on power electronics, communications, and renewable energy[113]. Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the annual report[4]. - The company has not encountered any significant legal or regulatory violations in its governance structure during the reporting period[119]. - The company has maintained compliance with the corporate governance standards set by relevant laws and regulations[119]. - The company emphasizes investor rights protection, adhering to laws and regulations to enhance corporate governance and internal control[170]. Dividend Policy - The company plans to distribute a cash dividend of 6.00 RMB per 10 shares, totaling approximately 67,859,100 RMB, which represents 33.71% of the net profit attributable to shareholders for the year 2021[5]. - The cash dividend policy is in compliance with the company's articles of association and has been executed according to established principles and procedures[150]. - The company has not proposed any capital reserve transfer to increase share capital or stock dividends for 2021[149]. Risks and Challenges - The company faces risks related to market competition, with over 80% of the domestic power management chip market controlled by foreign companies[70]. - The company faces risks related to government subsidies, which significantly impact net profit and may not be sustainable in the future[75]. - The company is exposed to industry risks due to its capital and technology-intensive nature, which can lead to cyclical fluctuations in demand[74]. Employee and Talent Management - The company has a total of 215 R&D personnel, accounting for 75.44% of the total workforce, with an average salary of ¥30.15 thousand[62]. - The company has implemented a stock incentive plan covering over 40% of employees to attract and retain top talent, enhancing its competitive edge in the industry[113]. - The company has a training program in place to enhance employee skills and efficiency, including onboarding and management training[148]. Acquisitions and Investments - The company made a 100% acquisition of Anqu Electronics, which contributed to goodwill of 16,919,994.89 RMB[101]. - The company is exploring potential acquisitions to enhance its technology portfolio, with a budget of $200 million allocated for this purpose[127]. Financial Management - The company’s cash and cash equivalents increased significantly, reflecting improved liquidity management[100]. - The company’s investment cash flow net amount decreased by 389.49% year-over-year, totaling -514.57 million yuan[97]. - The company has established measures to strengthen internal controls and improve cost management[197].

Financial Performance - The company's revenue for Q3 2021 reached ¥209,106,268.72, representing a year-over-year increase of 69.27%[5] - The net profit attributable to shareholders for Q3 2021 was ¥58,763,307.98, reflecting a significant increase of 115.14% compared to the same period last year[5] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was ¥47,473,203.26, up 124.02% year-over-year[6] - The basic earnings per share for Q3 2021 was ¥0.52, a 92.59% increase year-over-year[6] - Operating profit for the third quarter was ¥136,397,109.92, compared to ¥63,505,293.49 in the previous year, indicating an increase of about 114.5%[22] - Net profit for the first three quarters of 2021 was ¥129,019,409.01, up from ¥59,268,334.17 in 2020, reflecting a growth of approximately 117.5%[22] - Basic earnings per share for the third quarter were ¥1.14, compared to ¥0.65 in the same period last year, representing an increase of approximately 75.4%[23] - The company reported a total comprehensive income of ¥129,015,210.18 for the third quarter, compared to ¥59,253,358.13 in the same period last year, marking an increase of about 117.5%[23] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥1,537,976,922.62, marking a 10.24% increase from the end of the previous year[6] - The total equity attributable to shareholders increased to ¥1,414,648,365.43, a rise of 9.57% from the previous year[6] - The company's total assets reached ¥1,537,976,922.62, up from ¥1,395,128,067.86 in the previous year[17] - The total liabilities amounted to ¥122,550,818.14, an increase from ¥104,027,173.56 in the previous year, showing a growth of approximately 17.9%[19] - The company's inventory as of September 30, 2021, is ¥94,701,579.00, compared to ¥76,982,333.27 in the previous year[17] - The company reported a significant increase in fixed assets, which rose to ¥50,201,262.65 from ¥20,201,947.91 year-over-year[17] - The company has a long-term equity investment of ¥4,875,288.06 as of September 30, 2021[17] - The company's total liabilities include accounts payable of ¥56,113,589.73, an increase from ¥38,343,736.52 in the previous year[17] - The company has a contract liability of ¥4,372,791.56, up from ¥2,521,061.97 year-over-year[17] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥153,884,589.43, reflecting a substantial increase of 547.23% compared to the same period last year[6] - Cash flow from operating activities for the first three quarters was ¥454,974,627.24, significantly higher than ¥158,987,405.91 in 2020, reflecting an increase of about 186.5%[24] - The net cash inflow from operating activities was CNY 153,884,589.43, a significant increase compared to CNY 23,775,747.99 in the previous period, reflecting strong operational performance[25] - Total cash inflow from investment activities amounted to CNY 1,718,062,910.20, while cash outflow was CNY 2,438,487,366.06, resulting in a net cash flow of -CNY 720,424,455.86 from investment activities[25] - The net cash flow from financing activities was -CNY 33,040,000.00, indicating a decrease compared to a net inflow of CNY 721,978,418.21 in the previous period[26] - The total cash and cash equivalents at the end of the period stood at CNY 388,299,616.49, down from CNY 987,885,087.65 at the beginning of the period[26] Research and Development - Research and development expenses totaled ¥33,148,140.61 for the quarter, which is an increase of 86.80% compared to the same period last year[11] - Research and development expenses for the first three quarters totaled ¥86,606,763.59, compared to ¥40,036,207.91 in the same period last year, marking an increase of about 116.5%[21] Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,956[13] - The largest shareholder, Zhang Lixin, holds 34,301,000 shares, representing 30.41% of total shares[13]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 25%[11]. - The company's operating revenue for the first half of the year reached ¥326,443,212.96, representing a year-on-year increase of 109.07%[17]. - Net profit attributable to shareholders was ¥70,278,361.98, up 119.93% compared to the same period last year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 125.41% to ¥63,187,694.05[17]. - Basic earnings per share rose to ¥0.62, reflecting a growth of 63.16% year-on-year[18]. - The total profit for the first half of 2021 was RMB 74,592,073.07, compared to RMB 35,084,086.97 in the same period of 2020, marking a growth of 112.5%[144]. - The company achieved a high level of integration in its products, allowing for a complete power solution from high voltage to low voltage, which shortens development cycles for clients[49]. Research and Development - Research and development expenses increased by 20% to RMB 150 million, reflecting the company's commitment to innovation and new technology[11]. - R&D investment increased by 139.82% year-on-year, totaling approximately ¥53.46 million, driven by higher personnel costs and project investments[40]. - The R&D team consists of 167 members, with 73.57% of the total workforce dedicated to research and development, reflecting a strong commitment to innovation[46]. - The company has developed over 770 models of power management chips, focusing on household appliances, standard power supplies, and industrial power applications[32]. - The company has focused on continuous R&D investment, maintaining a leading position in core technology within the industry[38]. Market Expansion and Product Development - The company plans to launch two new products in Q3 2021, focusing on power management and analog chips, aiming to capture a larger market share[11]. - The company is expanding its market presence in Southeast Asia, with plans to establish a local office by the end of 2021[11]. - The company is focusing on the household appliance, standard power, and industrial control power markets to drive revenue growth[53]. - New product lines include advanced power management chips for fast charging and industrial applications, contributing to significant market demand and sales growth[48]. Financial Position and Cash Flow - The company maintains a strong cash position with cash and cash equivalents amounting to RMB 500 million as of June 30, 2021[11]. - The net cash flow from operating activities surged by 545.98% to ¥82,839,930.21[17]. - The company's cash and cash equivalents decreased by 61.06% to 384,683,784.51 CNY, mainly due to investments in financial products[67]. - The company reported a financial income of RMB 3,016,523.51, up from RMB 1,730,600.26 in the previous year[147]. - Cash flow from financing activities resulted in a net outflow of CNY 33,840,000.00, compared to -CNY 1,681,132.06 in the previous year[155]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and increased competition in the semiconductor industry[11]. - The company faces risks related to market competition, customer certification failures, and high supplier concentration[56][58]. - The company’s government subsidies significantly impact net profit, raising concerns about sustainability[59]. Shareholder and Governance Matters - The company held its 2020 annual general meeting on April 28, 2021, where all proposed resolutions were approved, including the financial report for 2020 and the budget for 2021[77]. - No dividends or stock bonuses were distributed for the first half of 2021, with a distribution plan indicating zero shares and zero cash dividends per 10 shares[79]. - The company has committed to transparency in related party transactions, ensuring fair market pricing and compliance with legal disclosure requirements[104]. - The company has established a commitment to disclose any share reduction plans at least three trading days in advance[91]. Legal and Compliance - There are no significant lawsuits or arbitration matters reported during the reporting period, indicating a stable legal standing[108]. - The company and its controlling shareholders have adhered to legal and regulatory requirements, maintaining a trustworthy reputation without any significant debts or court judgments outstanding[108]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[107]. Investment and Capital Structure - The company raised a total of RMB 79,806 million from its initial public offering, with a net amount of RMB 72,249 million after deducting issuance costs[176]. - The registered capital of the company increased to RMB 8,460 million after a private placement of 7.5 million shares at a par value of RMB 1 each to the National Integrated Circuit Industry Investment Fund[176]. - The company has 100% ownership of its subsidiaries, including Suzhou Bochuang and Shenzhen Chipeng, which are fully consolidated in the financial statements[177][179].

Financial Performance - Operating revenue for the first quarter was CNY 142,672,843.64, representing a year-on-year increase of 125.99%[6] - Net profit attributable to shareholders was CNY 29,563,155.35, up 129.25% from the same period last year[6] - The comprehensive gross profit margin for products reached 40.52%, an increase of 0.54% year-on-year, contributing to significant net profit growth[8] - Basic and diluted earnings per share were both CNY 0.26, reflecting a 73.33% increase year-on-year[6] - Total operating revenue for Q1 2021 reached ¥142,672,843.64, a significant increase of 126.5% compared to ¥63,133,359.36 in Q1 2020[25] - Net profit for Q1 2021 was ¥29,563,155.35, representing a 129.0% increase from ¥12,895,534.21 in Q1 2020[26] - The company reported a total profit of ¥31,647,925.96 for Q1 2021, which is a 124.5% increase from ¥14,113,124.84 in Q1 2020[26] - The company reported total comprehensive income of ¥33,306,197.82 in Q1 2021, compared to ¥12,298,280.66 in Q1 2020, indicating a significant growth[29] Cash Flow - The net cash flow from operating activities was CNY 5,349,541.45, a significant improvement from a negative cash flow of CNY -3,273,443.78 in the same period last year[6] - In Q1 2021, the company generated cash inflows from operating activities amounting to ¥83,293,266.68, a 88% increase compared to ¥44,300,659.71 in Q1 2020[31] - The net cash flow from operating activities for Q1 2021 was ¥5,349,541.45, recovering from a negative cash flow of ¥3,273,443.78 in Q1 2020[32] - The company incurred cash outflows from investing activities totaling ¥772,227,562.00 in Q1 2021, compared to ¥1,137,024.60 in Q1 2020[32] - The net cash flow from investing activities was negative at ¥672,054,977.89 in Q1 2021, reflecting increased investment activities[32] - The company’s cash flow from financing activities was negative at -¥1,584,905.65 in Q1 2021, reflecting cash outflows related to financing[34] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,412,750,442.89, an increase of 1.26% compared to the end of the previous year[6] - Current assets totaled ¥1,285,670,029.35, compared to ¥1,269,243,522.19 at the end of 2020, indicating an increase of about 1.3%[18] - Total liabilities decreased to ¥82,635,276.24 from ¥104,027,173.56, a reduction of about 20.5%[19] - Total liabilities as of Q1 2021 were ¥130,589,436.35, up from ¥116,200,508.42 in the previous year, indicating a growth of 12.0%[25] - Shareholders' equity rose to ¥1,330,115,166.65 from ¥1,291,100,894.30, reflecting an increase of approximately 3%[19] Research and Development - Research and development expenses accounted for 15.35% of operating revenue, a decrease of 3.23 percentage points compared to the previous year[6] - Research and development expenses surged by 86.72% to ¥21,900,808.49, mainly due to stock-based compensation expenses[15] - Research and development expenses for Q1 2021 amounted to ¥21,900,808.49, an increase of 86.5% from ¥11,728,996.12 in Q1 2020[25] - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[20] Shareholder Information - The total number of shareholders at the end of the reporting period was 11,096[12] - The company received government subsidies amounting to CNY 779,692.14 during the reporting period[9] Other Financial Metrics - The weighted average return on equity was 2.26%, a decrease of 0.46 percentage points compared to the previous year[6] - The company reported a significant increase in prepayments, which rose to ¥12,089,975.00 from ¥5,347,531.72, an increase of approximately 125%[17] - The company experienced a 90.41% decrease in employee compensation payable, down to ¥900,000.00, due to the distribution of year-end bonuses at the beginning of 2021[14] - The company paid ¥22,744,479.14 in cash to employees in Q1 2021, up from ¥13,804,550.69 in Q1 2020, indicating a 64% increase in employee compensation[32]