2021 年第三季度报告 证券代码：688589 证券简称：力合微 深圳市力合微电子股份有限公司 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： 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、主管会计工作负责人及会计机构负责人（会计主管人员）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 (一)主要会计数据和财务指标 1 / 16 单位：元 币种：人民币 项目 本报告期 本报告期 比上年同 期增减变 动幅度(%) 年初至报告期末 年初至报告期 末比上年同期 增减变动幅度 (%) 营业收入 60,650,649.77 98.63 199,644,861.81 36.53 归属于上市公司股东的净 利润 1,154,489.53 116.18 17,351,684.50 116.61 归属于上市公司股东的扣 除非 ...

Financial Performance - The company reported a total revenue of RMB 100 million for the first half of 2021, representing a year-on-year increase of 25%[13]. - In the first half of 2021, the company achieved operating revenue of RMB 138.99 million, a year-on-year increase of 20.14%[21]. - The net profit attributable to shareholders increased by RMB 1.05 million, up 6.94% compared to the same period last year[21]. - The basic earnings per share decreased by 23.81% to RMB 0.16, while the diluted earnings per share also decreased by 23.81%[20]. - The net cash flow from operating activities increased by 239.12%, primarily due to an increase in cash received from sales of goods and services[21]. - Operating costs amounted to 74.61 million RMB, reflecting a 20.60% increase year-on-year, mainly driven by the rise in operating revenue[94]. - Sales expenses reached 14.55 million RMB, up 37.45% year-on-year, attributed to accelerated market expansion efforts following the pandemic[94]. Research and Development - The company is investing RMB 20 million in R&D for new technologies, focusing on IoT communication solutions[13]. - Research and development expenses accounted for 18.63% of operating revenue, an increase of 1.13 percentage points compared to the previous year[20]. - The company achieved a total R&D expenditure of ¥25,900,782.35, representing a 27.94% increase compared to ¥20,245,260.93 in the previous period[48]. - The company has developed 6 IoT communication chips and offers a range of modules, terminals, and system solutions based on its proprietary chips[37]. - The company has accumulated 39 authorized patents related to core communication algorithms, with 2 new patents granted in the reporting period[39]. - The company has filed 5 new patents this year, reflecting its commitment to continuous innovation in core technologies[52]. Market Expansion and Strategy - Future outlook includes a projected revenue growth of 30% for the second half of 2021, driven by new product launches and market expansion strategies[13]. - Market expansion efforts include entering two new regions, aiming to increase market share by 10% by the end of 2021[13]. - The company is actively expanding its market presence in smart grid and energy IoT sectors, responding to national "dual carbon" strategies[33]. - The company is focusing on high-speed rail intelligent power management and other non-electric IoT business areas, achieving significant progress in these fields[77]. - The company has expanded its market presence in various sectors, including smart home appliances, smart lighting, and energy management systems, leveraging its PLBUS technology[68][70]. Risks and Challenges - The management has identified potential risks, including supply chain disruptions and market competition, which could impact future performance[4]. - The company faces risks related to core technology leakage and talent retention, which could impact its competitive edge in the technology-intensive industry[82][83]. - The company operates in a highly competitive market with domestic and international players, increasing the risk of market competition impacting future earnings[88]. Corporate Governance and Shareholder Commitments - No significant changes in corporate governance or special arrangements have been reported during this period[5]. - Major shareholder LIUKUN has committed to not transferring or managing shares for 36 months post-IPO and limiting annual transfers to 25% of total shares held during his tenure as a director[125]. - The company has established a lock-up period for shares held by employees for 12 months post-IPO, with a gradual release thereafter[145]. - Major shareholders have pledged to initiate share buyback procedures within five working days if the prospectus is found to contain false statements or omissions that materially affect the issuance conditions[156]. Environmental and Social Responsibility - The company has established an ISO14001 environmental protection system to ensure effective control of environmental factors[117]. - The company reported that all pollutant emissions during the reporting period complied with total control requirements[118]. - The company has implemented green procurement and sales practices, integrating green development into its business strategy[117]. - The company promotes paperless office practices, energy-saving measures, and water conservation activities to minimize resource and energy consumption[121]. - The company has organized environmental activities, such as eco-friendly hiking, to engage employees and their families in promoting environmental awareness[120]. Financial Position and Assets - The total assets at the end of the reporting period were RMB 850.91 million, an increase of 5.67% compared to the end of the previous year[21]. - The total current assets amounted to RMB 770,721,288.73, an increase from RMB 749,545,801.37 at the end of 2020, reflecting a growth of approximately 2.4%[200]. - The cash and cash equivalents decreased to RMB 128,215,256.07 from RMB 435,114,064.91, representing a decline of about 70.5%[200]. - Accounts receivable rose to RMB 201,243,293.49, up from RMB 136,530,281.11, indicating an increase of around 47.4%[200]. Shareholder Structure - The total number of ordinary shareholders is 10,035[190]. - The company has issued 1,092,561 shares for public offering, which were released for circulation on January 22, 2021[188]. - The total number of shares remains at 100,000,000, with no changes in the overall share structure[187]. - The top ten shareholders hold a total of 13 million shares (13.00%) by Lihua Science and Technology Group Co., Ltd.[193].

Financial Performance - In 2020, the company achieved operating revenue of CNY 215.63 million, a decrease of 22.09% compared to 2019[22]. - The net profit attributable to shareholders was CNY 27.82 million, down 35.98% from the previous year[22]. - The net profit after deducting non-recurring gains and losses decreased by 43.25% to CNY 20.97 million[22]. - The net cash flow from operating activities fell by 88.91% to CNY 2.71 million due to increased cash payments for goods and services[25]. - The company's total assets increased by 114.03% to CNY 805.23 million compared to 2019[23]. - The net assets attributable to shareholders rose by 172.51% to CNY 716.02 million[23]. - The basic earnings per share decreased by 45.00% to CNY 0.33[24]. - The company reported a total revenue of 6,853,492.45 RMB for the year, compared to 6,512,251.84 RMB in the previous year, indicating a growth of approximately 5.2%[36]. - The cumulative increase in net profit attributable to shareholders after deducting non-recurring gains and losses for the first three quarters was approximately ¥2.24 million[32]. - The company achieved a sales revenue of 215.63 million yuan and a net profit of 27.82 million yuan in 2020, showing a decline compared to the previous year[151]. Research and Development - The R&D expenditure accounted for 21.32% of operating revenue, an increase of 5.88 percentage points from the previous year[24]. - The total R&D investment for the year was approximately ¥45.98 million, representing a 7.62% increase from the previous year's ¥42.72 million[125]. - R&D investment accounted for 21.32% of total operating revenue, up from 15.44% in the previous year, indicating a significant increase of 5.88 percentage points[125]. - The company has developed 30 integrated circuit layouts, 76 software copyrights, and holds 43 valid patents, including 37 invention patents, showcasing its robust chip design and innovation capabilities[50]. - The company has established a complete in-house R&D team, which enhances efficiency and shortens product development cycles[139]. - The company is focusing on developing energy management systems, with ongoing R&D projects aimed at improving energy efficiency across various industries[1]. - The company has developed a new generation of Beidou multi-mode navigation core chips, which are widely applied in smart city construction, transportation, and IoT applications, and are at the leading level in the domestic market[1]. Market Position and Strategy - The company focuses on the design and development of IoT communication technology and specialized chips, aiming to establish a leading position in the PLC chip sector and the broader IoT application market[40]. - The company aims to provide comprehensive solutions for smart grid, smart appliances, and smart city applications, leveraging its core technology and innovative spirit[41]. - The company is recognized as a national high-tech enterprise and has received multiple certifications, including ISO three-system certification and AAA credit enterprise certification[47]. - The company is actively expanding its IoT applications, collaborating with leading manufacturers in 5G and new energy sectors[146]. - The company aims to become a leading brand in IoT communication chips, leveraging its experience in the smart grid market[147]. Risks and Challenges - The company faces risks related to core technology leakage and talent loss, which could adversely affect its R&D capabilities[160]. - The cyclical nature of procurement demand in the power grid market poses a risk to the company's performance, especially if it fails to develop products that meet future procurement cycles[161]. - The ongoing trade disputes between China and the U.S. may negatively impact the company's operations due to potential restrictions on the semiconductor industry[166]. - The company is exposed to seasonal fluctuations in revenue, particularly in the power grid market, which is influenced by strict budget management and procurement approval processes of end customers[163]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[4]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The company’s governance structure does not have any special arrangements[7]. Product Development and Innovation - The company has developed narrowband PLC chips that support a frequency range of 9-500 kHz, significantly improving data transmission rates while maintaining adaptability to power line channels[42]. - The company’s high-speed PLC chips operate within a frequency range of 0.7-12 MHz and are integrated with proprietary high-performance communication technologies, targeting applications in the national power grid's new generation of electricity information collection systems[43]. - The company has developed a comprehensive energy management platform that integrates communication technology and chips for efficient energy consumption analysis[46]. - The company has developed a high-precision timing system based on satellite communication, providing local time accuracy within 10 nanoseconds[111]. - The company has developed a low-power wireless communication system that significantly reduces power consumption and response time, achieving industry-leading levels domestically and internationally[109]. Financial Health and Investments - The company's cash and cash equivalents increased by 484.67% to 435,114,064.91 RMB, primarily due to funds raised from issuing new shares[198]. - The accounts receivable financing increased by 74.87% to 37,141,975.00 RMB, indicating improved credit terms with higher-rated banks[198]. - The total assets increased significantly, with cash and cash equivalents now comprising 54.04% of total assets[198]. - The company reported no related party sales among the top five customers, indicating a diversified customer base[184]. - The procurement from the top five suppliers showed no related party purchases, ensuring a stable supply chain[190].

Financial Performance - Operating revenue for the period reached CNY 40,861,255.18, representing a significant increase of 96.09% year-on-year [5]. - Net profit attributable to shareholders of the listed company was CNY 1,282,601.14, an increase of 138.51% compared to the same period last year [5]. - The company reported a net profit excluding non-recurring items of CNY 1,282,601.14, an increase of 138.51% year-on-year [7]. - The basic earnings per share were CNY 0.01, a 120.00% increase from a loss of CNY 0.05 per share in the same period last year [5]. - The company reported a net profit of CNY 129,099,327.10 for the first quarter of 2021, compared to CNY 128,627,378.86 in the previous period, indicating a slight increase of 0.37% [27]. - The company achieved an operating profit of ¥693,190.60 in Q1 2021, a turnaround from an operating loss of ¥2,687,684.11 in Q1 2020 [29]. Cash Flow and Liquidity - The net cash flow from operating activities improved by CNY 38,094,400, up 92.95% year-on-year, primarily due to increased cash receipts from sales [7]. - In Q1 2021, the company reported cash inflow from operating activities of ¥44,979,235.21, an increase of 40.4% compared to ¥32,060,197.54 in Q1 2020 [34]. - The cash outflow from operating activities was ¥47,867,087.39, down 34.5% from ¥73,042,456.84 in the same period last year [34]. - The net cash flow from operating activities improved to -¥2,887,852.18, a significant reduction from -¥40,982,259.30 in Q1 2020 [34]. - The company experienced a net decrease in cash and cash equivalents of -¥324,293,975.08 during the quarter [35]. - Cash and cash equivalents decreased to CNY 103,305,217.72 from CNY 422,272,189.95, a significant decline of approximately 75.5% [25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 799,961,559.20, a decrease of 0.65% compared to the end of the previous year [5]. - Total current assets were CNY 747,235,952.99, down from CNY 759,251,475.68, representing a decrease of about 1.6% [25]. - The total liabilities decreased to CNY 82,651,798.55 from CNY 89,211,831.87, a reduction of approximately 7.5% [23]. - Current liabilities totaled CNY 80,545,224.15, down from CNY 87,335,287.36, indicating a reduction of about 7.5% [23]. - Non-current liabilities increased to CNY 2,106,574.40 from CNY 1,876,544.51, reflecting an increase of approximately 12.2% [23]. - Owner's equity as of March 31, 2021, was CNY 717,309,760.65, slightly up from CNY 716,022,175.11, showing a growth of about 0.18% [23]. Research and Development - Research and development expenses accounted for 27.81% of operating revenue, a decrease of 18.66 percentage points compared to the previous year [5]. - R&D expenses increased to ¥11,365,358.46 in Q1 2021, representing a 17.4% rise from ¥9,683,794.85 in Q1 2020 [28]. - Non-recurring gains and losses included CNY 1,033,732.82 from government subsidies related to research and development [10]. Market Outlook and Strategy - The company expects to maintain a positive outlook for the upcoming quarters, with a focus on expanding its market presence and enhancing product offerings [20]. - The company has not reported any significant changes in its commitments or major unresolved issues during the reporting period [19].

Financial Performance - In 2020, the company achieved operating revenue of CNY 215.63 million, a decrease of 22.09% compared to 2019[22]. - The net profit attributable to shareholders was CNY 27.82 million, down 35.98% from the previous year[22]. - The net profit after deducting non-recurring gains and losses decreased by 43.25% to CNY 20.97 million[22]. - The net cash flow from operating activities fell by 88.91% to CNY 2.71 million, primarily due to increased cash payments for goods and services[25]. - The company's total assets increased by 114.03% to CNY 805.23 million compared to 2019[23]. - The net assets attributable to shareholders rose by 172.51% to CNY 716.02 million[23]. - The basic earnings per share decreased by 45.00% to CNY 0.33[24]. - The company reported a total revenue of 6,853,492.45 RMB for the year, compared to 6,512,251.84 RMB in the previous year, indicating a growth of approximately 5.2%[36]. - The company achieved a sales revenue of 215.63 million yuan and a net profit of 27.82 million yuan in 2020, showing a decline compared to the previous year[151]. Research and Development - The R&D expenditure as a percentage of operating revenue increased by 5.88 percentage points to 21.32%[24]. - The company reported a total R&D expenditure of ¥45,976,662.90, representing a year-over-year increase of 7.62%[125]. - R&D expenditure accounted for 21.32% of total revenue, up from 15.44% in the previous year, indicating a significant increase of 5.88 percentage points[125]. - The company has a strong R&D team with 137 personnel, of which 36 hold master's degrees or above, accounting for 26.28%[50]. - The company has developed 30 integrated circuit layouts, 76 software copyrights, and holds 43 valid patents, including 37 invention patents, showcasing its robust chip design and innovation capabilities[50]. - The company is focusing on energy efficiency management systems, with ongoing R&D projects aimed at providing competitive energy management solutions across various industries[1]. - The company has successfully developed a voice-controlled elevator product as part of its IoT platform, showcasing innovation in smart home applications[1]. - The company is actively pursuing industrialization of its R&D projects to enhance its competitive edge in the market[129]. Market Position and Strategy - The company focuses on the Internet of Things (IoT) communication technology and specialized chip design, aiming to establish a leading position in the power line communication (PLC) chip sector[40]. - The company is expanding its market presence by providing chip-level solutions and systems for smart grid, smart appliances, and smart city applications[41]. - The company aims to leverage its proprietary technology to meet the growing demand for IoT devices and solutions in various industries[41]. - The company has established partnerships with major clients in various sectors, including state-owned enterprises and well-known listed companies, enhancing its market reputation[145]. - The company is actively expanding its IoT applications, collaborating with mainstream 5G base station manufacturers and engaging in projects related to new energy construction[146]. - The company aims to become a leading brand in IoT communication chips, leveraging its experience in the smart grid market to gain recognition in broader IoT applications[147]. Risks and Challenges - The company faces risks related to core technology leakage and talent loss, which could adversely affect its R&D capabilities[160]. - The cyclical nature of procurement demand in the power grid market may impact the company's performance if it fails to develop products that meet future procurement cycles[161]. - The company operates in a highly competitive market with significant risks from both domestic and international competitors, including major players like Huawei[164]. - The ongoing trade disputes between China and the U.S. pose risks to the company's operations, particularly in the semiconductor industry[166]. - The impact of the COVID-19 pandemic has created significant downward pressure on domestic economic conditions, potentially affecting future market demand[166]. Product Development and Innovation - The company has developed a new generation of Beidou multi-mode navigation core chips, which are currently in the research and development phase, with advanced algorithms and architectures, positioning the company at a leading level domestically[1]. - The company has launched a high-integration SoC dedicated chip for power line communication, leading the domestic narrowband power line communication into a new generation of development[141]. - The company has developed a high-voltage, high-power linear drive technology that supports both broadband and narrowband PLC frequencies, enhancing integration and performance while reducing overall system costs[116]. - The company has filed multiple patents for its core technologies, including the dMesh hybrid routing technology, which significantly improves communication reliability in challenging environments[116]. - The company has developed a low-power design technology that significantly reduces power consumption by optimizing power supply areas and implementing low-power design modules[112]. - The company has introduced a wireless dual-channel mixed network technology that allows for stable communication across power line and wireless channels, addressing complex IoT application scenarios[114]. Financial Management - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares, totaling 15,000,000 RMB, which accounts for 53.92% of the net profit attributable to shareholders[5]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The board of directors and senior management have confirmed the accuracy and completeness of the annual report[4]. - The company has not violated any decision-making procedures in providing guarantees[7]. - The company has not faced any issues with a majority of directors being unable to ensure the authenticity of the annual report[7]. - The company has a significant increase in receivables financing, with a beginning balance of 21,240,201.62 RMB and an ending balance of 37,141,975.00 RMB, reflecting a change of 15,901,773.38 RMB[38]. Corporate Governance - The company has detailed risk factors outlined in the report, emphasizing the importance of investor awareness regarding investment risks[6]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[6]. - The company has been recognized for its contributions to standard-setting in the power line communication sector, receiving awards from the China Intelligent Measurement Industry Technology Innovation Strategic Alliance[48]. - The company has established a complete in-house R&D team for algorithm, chip design, and application solution development, which enhances efficiency and reduces time to market[1].

证券代码：688589 证券简称：力合微 公告编号：2020-016 深圳市力合微电子股份有限公司 关于参加 2020 深圳辖区"诚实守信，做受尊重的上市公 司"上市公司投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流工作，深圳市力合微电子股份有限 公司（以下简称"公司"）将参加由深圳上市公司协会、深圳市全景网络 有限公司共同举办的"诚实守信，做受尊重的上市公司"——2020 深圳辖 区上市公司投资者网上集体接待日活动，现将有关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台， 采取网络远程的方式举行，投资者可以登录"全景•路演天下"网站 （http://rs.p5w.net/）或关注微信公众号：全景财经，参与公司本次投 资者集体接待日活动，活动时间为 2020 年 12 月 8 日 9:00 至 17:00。 届时公司的董事会秘书兼财务总监吴颖女士将通过网络文字交流形 式与投资者进行沟通。 欢迎广大投资者积极参与。 特此公告。 深圳市 ...

Financial Performance - Operating revenue for the first nine months decreased by 9.76% year-on-year, totaling CNY 146,226,974.38[7] - Net profit attributable to shareholders dropped by 35.20% year-on-year, amounting to CNY 8,692,788.65[7] - Basic and diluted earnings per share fell by 38.89% to CNY 0.11[7] - Total revenue for the first nine months of 2020 reached ¥6,028,050.53, a 49.62% increase compared to ¥4,028,897.08 in the same period of 2019[20] - The company reported a net profit of ¥3,307,000.00 for Q3 2020, compared to a net loss in Q3 2019[33] - The net profit attributable to shareholders for Q3 2020 was a loss of ¥6,888,398.02, compared to a loss of ¥8,966,284.51 in Q3 2019, showing an improvement of approximately 23.9%[36] - The total comprehensive income for Q3 2020 was a loss of ¥6,949,223.60, compared to a loss of ¥8,916,718.32 in Q3 2019, reflecting a reduction of about 22.0%[36] - The total profit (loss) for Q3 2020 was reported at -¥9,069,732.97, compared to -¥3,417,591.11 in Q3 2019, indicating a worsening financial position[40] Assets and Liabilities - Total assets increased by 112.44% year-on-year, reaching CNY 799,264,154.55[6] - Total assets increased significantly, with other non-current assets rising by 255.60% to ¥4,255,072.41 from ¥1,196,603.77[15] - The company's total assets reached ¥799,264,154.55, up from ¥376,226,663.83 at the end of 2019[26] - Total current assets as of September 30, 2020, were ¥757,796,743.17, significantly up from ¥336,298,822.51 at the end of 2019[25] - Total liabilities decreased to ¥102,299,314.60 from ¥113,479,495.62, indicating improved financial stability[27] - The company's total liabilities as of the end of Q3 2020 amounted to ¥112,162,961.99, indicating a stable financial structure[50] - The total liabilities decreased to ¥150,055,560.15 from ¥157,059,390.57, showing a reduction of 4.3%[31] - The company’s total current liabilities represent approximately 37% of total assets, indicating a manageable liquidity position[55] Cash Flow - Net cash flow from operating activities decreased by 123.61%, resulting in a negative cash flow of CNY 34,704,685.42[8] - Cash received from investments amounted to ¥311,460,000.00, attributed to the recovery of principal from financial management products[20] - Cash payments for fixed assets and intangible assets rose by 139.34% to ¥7,851,277.12 from ¥3,280,362.89, indicating increased asset purchases during the reporting period[20] - The cash flow from operating activities for Q3 2020 showed a net outflow of ¥34,704,685.42, worsening from a net outflow of ¥15,520,355.84 in Q3 2019[44] - The company experienced a net cash outflow from operating activities of ¥37,020,045.73 in Q3 2020, compared to a net outflow of ¥23,437,370.65 in Q3 2019, reflecting challenges in operational cash generation[47] - The company raised ¥451,355,141.51 from investments in Q3 2020, which is a new funding source for future growth[47] Research and Development - Research and development expenses accounted for 21.67% of operating revenue, an increase of 2.62 percentage points compared to the previous year[7] - R&D expenses for the first three quarters of 2020 amounted to ¥31,683,657.01, compared to ¥30,872,211.95 in the same period of 2019, indicating a 2.6% increase[33] - R&D expenses for Q3 2020 amounted to ¥7,849,057.48, an increase of 18.56% compared to ¥6,620,563.11 in Q3 2019[39] Fundraising and Investments - The company received net fundraising of CNY 425,551,600, contributing to the increase in total and net assets[6] - The company plans to utilize raised funds for financial investments, contributing to investment income of ¥731,214.88 during the reporting period[18] - The company reported other income of ¥265,232.43 in Q3 2020, which was consistent with the previous year's figure of ¥264,272.79[39] Market Strategy - The company plans to expand its market presence and invest in new technologies to drive future growth[33] - The company is expected to continue its efforts in market expansion and product development to enhance future performance[37]