2021 年半年度报告 公司代码：688595 公司简称：芯海科技 芯海科技（深圳）股份有限公司 2021 年半年度报告 1 / 172 2021 年半年度报告 重要提示 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 重大风险提示 公司已在本报告中详细描述了公司在经营过程中可能面临的各种风险及应对措施，敬请查阅 本报告"第三节 管理层讨论与分析"。 公司全体董事出席董事会会议。 本半年度报告未经审计。 公司负责人卢国建、主管会计工作负责人谭兰兰及会计机构负责人（会计主管人员）谭兰兰声明： 保证半年度报告中财务报告的真实、准确、完整。 √适用 □不适用 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 是否存在公司治理特殊安排等重要事项 本报告所涉及的公司未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺， 请投资者注意投资风险。 □适用 √不适用 是否存在被控股股东及其关联方非经营性占用资金情况 否 是否存在违反规定决策程序对外提供担保的情况？ 前瞻性陈述的风险声明 在本报告书中， ...

[Important Notice](index=3&type=section&id=Item%20I.%20Important%20Notice) The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, with all directors attending the review. - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, assuming individual and joint legal responsibility [6](index=6&type=chunk) - All directors attended the board meeting to review the quarterly report [6](index=6&type=chunk) - Company head Lu Guojian, chief accountant Tan Lanlan, and head of accounting (accounting supervisor) Tan Lanlan guarantee the truthfulness, accuracy, and completeness of the financial statements in the quarterly report [6](index=6&type=chunk) - This first quarter report is unaudited [6](index=6&type=chunk) [Company Profile](index=3&type=section&id=Item%20II.%20Company%20Profile) [Key Financial Data](index=3&type=section&id=2.1%20Key%20Financial%20Data) Chipsea Technology's Q1 2021 revenue surged **84.03%** to **103.6 million yuan**, but net profit attributable to shareholders declined **117.74%** to a **2.9233 million yuan** loss, impacted by fair value changes and share-based payments. Key Financial Data for Q1 2021 | Item | End of Reporting Period/Year-to-Date (Jan-Mar 2021) (yuan) | End of Prior Year/Year-to-Date (Jan-Mar 2020) (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | **Balance Sheet Items:** | | | | | Total Assets | 977,541,487.33 | 1,021,012,690.10 | -4.26 | | Net Assets Attributable to Shareholders of Listed Company | 854,371,752.62 | 858,227,532.41 | -0.45 | | **Income Statement Items:** | | | | | Operating Revenue | 103,596,660.11 | 56,292,658.99 | 84.03 | | Net Profit Attributable to Shareholders of Listed Company | -2,923,299.12 | 16,475,864.95 | -117.74 | | Net Profit Attributable to Shareholders of Listed Company, Excluding Non-Recurring Gains/Losses | 11,381,627.55 | 13,637,700.86 | -16.54 | | **Cash Flow Statement Items:** | | | | | Net Cash Flow from Operating Activities | 5,467,746.19 | 7,546,787.17 | -27.55 | | **Other Financial Indicators:** | | | | | Weighted Average Return on Net Assets (%) | -0.34 | 5.9 | Decreased by 6.24 percentage points | | Basic Earnings Per Share (yuan/share) | -0.03 | 0.22 | -113.64 | | Diluted Earnings Per Share (yuan/share) | -0.03 | 0.18 | -116.67 | | R&D Investment as % of Operating Revenue (%) | 18.11 | 22.95 | Decreased by 4.84 percentage points | - Operating revenue growth was primarily driven by mass production of high-performance general-purpose **32-bit MCU products**, rapid growth in demand for **TWS earphone pressure touch/sensing PIR chips**, fast expansion in application areas for **full-protocol fast charging chips**, and sustained demand for **health measurement AIoT devices** [7](index=7&type=chunk) - The net loss attributable to shareholders was mainly due to a **fair value change loss of 15.4341 million yuan** from the company's investment in Tongfu Microelectronics shares and **share-based payment expenses of approximately 9.1739 million yuan** for the first phase of restricted stock incentives [8](index=8&type=chunk) Net Profit After Excluding Factors Unrelated to Ordinary Operations | Item | Q1 2021 (yuan) | Q1 2020 (yuan) | Year-on-Year Change Rate (%) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders (Adjusted) | 21,684,663.77 | 16,475,864.95 | 31.61 | | Net Profit Attributable to Shareholders, Excluding Non-Recurring Gains/Losses (Adjusted) | 20,555,509.16 | 13,637,700.86 | 50.73 | Non-Recurring Gains and Losses Items and Amounts | Item | Current Period Amount (yuan) | Explanation | | :--- | :--- | :--- | | Government Grants Included in Current Period Profit/Loss | 922,373.74 | | | Fair Value Change Gains/Losses from Holding Trading Financial Assets, Derivative Financial Assets, etc., Excluding Effective Hedge Accounting Related to Normal Business Operations | -15,434,081.28 | | | Other Non-Operating Income and Expenses Apart from the Above | 59,710.47 | | | Other Profit/Loss Items Meeting the Definition of Non-Recurring Gains/Losses | 148,351.28 | | | Impact of Minority Interests (After Tax) | -480.33 | | | Income Tax Impact | -800.55 | | | Total | -14,304,926.67 | | [Shareholder Information](index=6&type=section&id=2.2%20Total%20Number%20of%20Shareholders,%20Top%20Ten%20Shareholders,%20and%20Top%20Ten%20Shareholders%20with%20Unlimited%20Sales%20Conditions%20as%20of%20the%20End%20of%20the%20Reporting%20Period) As of the end of the reporting period, the company had **6,915 shareholders**, with Lu Guojian being the largest shareholder at **28.01%**, and having an associated relationship with Shenzhen Hailian Zhihe Consulting Partnership. - As of the end of the reporting period, the total number of shareholders was **6,915** [13](index=13&type=chunk) Top Ten Shareholders' Shareholding | Shareholder Name (Full Name) | Number of Shares Held at Period End | Percentage (%) | Number of Restricted Shares Held | Number of Restricted Shares Including Those Lent via Securities Refinancing | Pledge or Freeze Status | Shareholder Nature | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Lu Guojian | 28,010,325 | 28.01 | 28,010,325 | 28,010,325 | None | Domestic Natural Person | | Shenzhen Hailian Zhihe Consulting Partnership (Limited Partnership) | 16,536,825 | 16.54 | 16,536,825 | 16,536,825 | None | Other | | Shenzhen Leaguer New Energy Venture Capital Fund Co., Ltd. | 5,512,275 | 5.51 | 5,512,275 | 5,512,275 | None | Domestic Non-State-Owned Legal Person | | Shenzhen Yuanzhi Venture Capital Co., Ltd. | 2,756,175 | 2.76 | 2,756,175 | 2,756,175 | None | State-Owned Legal Person | | Suzhou Fangguang Phase II Venture Capital Partnership (Limited Partnership) | 2,723,625 | 2.72 | 2,723,625 | 2,723,625 | None | Other | | Shenzhen Hongtai Fund Investment Management Co., Ltd. - Shenzhen Nanshan Hongtai Equity Investment Fund Partnership (Limited Partnership) | 2,722,125 | 2.72 | 2,722,125 | 2,722,125 | None | Other | | Shanghai Juyuan Zaixing Investment Center (Limited Partnership) | 2,666,775 | 2.67 | 2,666,775 | 2,666,775 | None | Other | | CITIC Securities - Bank of Hangzhou - CITIC Securities Chipsea Technology Employee Participation in STAR Market Strategic Placement Collective Asset Management Plan | 2,500,000 | 2.5 | 2,500,000 | 2,500,000 | None | Other | | Tibet Jinsheng Taida Venture Capital Co., Ltd. | 2,465,700 | 2.47 | 2,465,700 | 2,465,700 | None | Domestic Non-State-Owned Legal Person | | Suzhou Zhonghe Chunsheng No. 3 Investment Center (Limited Partnership) | 1,956,525 | 1.96 | 1,956,525 | 1,956,525 | None | Other | Top Ten Shareholders with Unlimited Sales Conditions | Shareholder Name | Number of Unrestricted Tradable Shares Held | Type and Quantity of Shares | | :--- | :--- | :--- | | China Construction Bank Corporation - Baoying Emerging Industry Flexible Allocation Mixed Securities Investment Fund | 715,064 | RMB Ordinary Shares 715,064 | | Shanghai Jinan Guoji Industrial Co., Ltd. | 700,000 | RMB Ordinary Shares 700,000 | | Han Tao | 668,052 | RMB Ordinary Shares 668,052 | | China Everbright Bank Co., Ltd. - Taixin Pioneer Strategy Open-ended Securities Investment Fund | 471,008 | RMB Ordinary Shares 471,008 | | China Merchants Bank Co., Ltd. - Southern STAR Market 3-Year Fixed Open Mixed Securities Investment Fund | 456,536 | RMB Ordinary Shares 456,536 | | Industrial and Commercial Bank of China Limited - Hongde Visionary Return Mixed Securities Investment Fund | 397,480 | RMB Ordinary Shares 397,480 | | Luo Zhijun | 209,188 | RMB Ordinary Shares 209,188 | | Lu Nan | 188,769 | RMB Ordinary Shares 188,769 | | Zhou Lizhan | 163,162 | RMB Ordinary Shares 163,162 | | Chang Yunyan | 159,716 | RMB Ordinary Shares 159,716 | - Lu Guojian holds a **30.14%** equity interest in Shenzhen Hailian Zhihe Consulting Partnership (Limited Partnership) and serves as its executive partner [15](index=15&type=chunk) [Preferred Shareholder Information](index=8&type=section&id=2.3%20Total%20Number%20of%20Preferred%20Shareholders,%20Top%20Ten%20Preferred%20Shareholders,%20and%20Top%20Ten%20Preferred%20Shareholders%20with%20Unlimited%20Sales%20Conditions%20as%20of%20the%20End%20of%20the%20Reporting%20Period) The company had no preferred shareholders at the end of the reporting period. - The company has no preferred shareholders [15](index=15&type=chunk) [Material Matters](index=8&type=section&id=Item%20III.%20Material%20Matters) [Analysis of Significant Changes in Key Financial Statement Items and Indicators](index=8&type=section&id=3.1%20Significant%20Changes%20and%20Reasons%20for%20the%20Company's%20Key%20Financial%20Statement%20Items%20and%20Financial%20Indicators) This section analyzes significant Q1 2021 changes in the company's balance sheet, income statement, and cash flow statement, including a **65.90%** increase in trading financial assets, substantial revenue growth, a net loss due to fair value changes, and increased cash outflows from investing and financing activities. Changes in Balance Sheet Items | Item | Mar 31, 2021 (yuan) | Dec 31, 2020 (yuan) | Change Amount (yuan) | Change Ratio | Reason for Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Trading Financial Assets | 112,197,205.44 | 67,631,286.72 | 44,565,918.72 | 65.90% | Increase in wealth management product purchases with idle funds | | Notes Receivable | 971,694.70 | 3,741,564.30 | -2,769,869.60 | -74.03% | Prior period notes receivable matured and recorded in current period | | Receivables Financing | 2,237,978.10 | 1,145,181.59 | 1,092,796.51 | 95.43% | Increase in notes receivable received in current period | | Prepayments | 17,653,777.14 | 11,918,646.31 | 5,735,130.83 | 48.12% | Increased prepayments for goods due to expanded sales scale | | Deferred Income Tax Assets | 3,903,207.45 | 2,672,203.19 | 1,231,004.26 | 46.07% | Increase in deferred income tax assets due to increased impairment provisions | | Accounts Payable | 17,937,154.48 | 27,030,894.56 | -9,093,740.08 | -33.64% | Increased payments for matured payables in current period | | Contract Liabilities | 262,332.84 | 1,260,264.37 | -997,931.53 | -79.18% | Decrease in advance receipts for orders | | Other Payables | 2,070,674.10 | 3,114,903.50 | -1,044,229.40 | -33.52% | Decrease in unpaid expenses at period end | | Non-Current Liabilities Due Within One Year | 0.00 | 2,379,000.00 | -2,379,000.00 | -100.00% | Prior period borrowings repaid in current period | | Other Current Liabilities | 13,826.16 | 145,677.93 | -131,851.77 | -90.51% | Decrease in advance receipts for orders | | Long-Term Borrowings | 0.00 | 19,264,691.19 | -19,264,691.19 | -100.00% | Prior period long-term borrowings repaid in current period | | Minority Interests | -330,037.09 | -1,071,335.11 | 741,298.02 | Not applicable | Transfer out of minority interests from acquisition of controlling subsidiary | Changes in Income Statement Items | Item | Q1 2021 (yuan) | Q1 2020 (yuan) | Change Amount (yuan) | Change Ratio | Reason for Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 103,596,660.11 | 56,292,658.99 | 47,304,001.12 | 84.03% | Sales scale growth | | Operating Cost | 56,987,854.01 | 17,209,916.24 | 39,777,937.77 | 231.13% | Sales scale growth | | Selling Expenses | 3,073,633.08 | 1,490,818.14 | 1,582,814.94 | 106.17% | Increased personnel and compensation, new office space, increased marketing and business promotion expenses, etc. | | Administrative Expenses | 18,168,489.93 | 5,651,361.93 | 12,517,128.00 | 221.49% | Increased personnel and compensation, recognition of share-based payments in current period, etc. | | R&D Expenses | 18,765,211.81 | 12,920,460.82 | 5,844,750.99 | 45.24% | Increased personnel and compensation, amortization of R&D tool software, trial production and testing fees, etc. | | Financial Expenses | -1,600,288.94 | 996,691.69 | -2,596,980.63 | -260.56% | Decreased loan interest expense and increased interest income from idle funds | | Gains/Losses from Fair Value Changes (Losses indicated by "-") | -15,434,081.28 | 0.00 | -15,434,081.28 | Not applicable | Due to stock price fluctuations during the holding period of Tongfu Microelectronics stock investment | | Credit Impairment Losses (Losses indicated by "-") | 748,386.33 | -1,590,550.49 | 2,338,936.82 | Not applicable | Recovery of prior period sales payments led to reversal of credit impairment provisions made in prior period | | Asset Impairment Losses (Losses indicated by "-") | -539,763.59 | -1,691,230.99 | 1,151,467.40 | Not applicable | Increase in net realizable value of inventory | | Non-Operating Income | 59,739.58 | 104,885.66 | -45,146.08 | -43.04% | Decrease in penalty for breach of contract in current period | | Non-Operating Expenses | 29.11 | 107,631.58 | -107,602.47 | -99.97% | Donations made during the epidemic in the prior period | | Income Tax Expense | -1,230,866.74 | 2,238,673.49 | -3,469,540.23 | -154.98% | Decrease in net profit in current period | Changes in Cash Flow Statement Items | Item | Q1 2021 (yuan) | Q1 2020 (yuan) | Change Amount (yuan) | Change Ratio | Reason for Change | | :--- | :--- | :--- | :--- | :--- | :--- | | Cash Received from Sales of Goods and Services | 118,666,351.93 | 79,542,794.24 | 39,123,557.69 | 49.19% | Sales scale growth | | Tax Refunds Received | 2,470,104.88 | 1,222,427.78 | 1,247,677.10 | 102.07% | Increased VAT immediate refund due to sales scale growth | | Other Cash Received Related to Operating Activities | 2,936,793.64 | 7,721,835.08 | -4,785,041.44 | -61.97% | Decrease in government grants received in current period | | Cash Paid for Goods and Services | 80,328,093.73 | 54,881,561.02 | 25,446,532.71 | 46.37% | Increased inventory purchases due to sales scale growth | | Cash Paid to and for Employees | 23,444,901.85 | 18,360,235.93 | 5,084,665.92 | 27.69% | Increased personnel and compensation | | Various Taxes and Fees Paid | 5,055,375.33 | 3,835,107.90 | 1,220,267.43 | 31.82% | Increased related taxes and fees due to sales growth | | Other Cash Paid Related to Operating Activities | 9,777,133.35 | 3,863,365.08 | 5,913,768.27 | 153.07% | Increased daily operating expenses | | Cash Received from Disposal of Investments | 0.00 | 3,000,000.00 | -3,000,000.00 | -100.00% | Recovery of investment compensation in prior period | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-Term Assets | 14,879,134.70 | 59,096,008.11 | -44,216,873.41 | -74.82% | Loan payment for office property acquisition in prior period | | Cash Paid for Investments | 9,397,142.75 | 0.00 | 9,397,142.75 | Not applicable | Payment for acquisition of minority equity in controlling subsidiary | | Other Cash Paid Related to Investing Activities | 60,000,000.00 | 19,000,000.00 | 41,000,000.00 | 215.79% | Increased purchases of wealth management products with idle funds in current period | | Cash Received from Borrowings | 0.00 | 67,100,000.00 | -67,100,000.00 | -100.00% | Loan payment for office property acquisition in prior period | | Cash Paid for Repayment of Debts | 25,560,250.00 | 1,829,252.00 | 23,730,998.00 | 1297.31% | Repayment of prior period office property loan | | Other Cash Paid Related to Financing Activities | 0.00 | 300,000.00 | -300,000.00 | -100.00% | Prior period payment for IPO special legal advisory services, no related business in current period | [Explanation of Progress on Material Matters](index=12&type=section&id=3.2%20Analysis%20of%20Progress,%20Impact,%20and%20Solutions%20for%20Material%20Matters) There were no material matters requiring disclosure of progress during the reporting period. - There was no analysis or explanation of the progress, impact, or solutions for material matters during the reporting period [21](index=21&type=chunk) [Overdue Unfulfilled Commitments](index=12&type=section&id=3.3%20Overdue%20Unfulfilled%20Commitments%20During%20the%20Reporting%20Period) The company had no overdue unfulfilled commitments during the reporting period. - There were no overdue unfulfilled commitments during the reporting period [21](index=21&type=chunk) [Warning of Significant Changes in Cumulative Net Profit](index=12&type=section&id=3.4%20Warning%20and%20Explanation%20of%20Potential%20Cumulative%20Net%20Loss%20or%20Significant%20Change%20from%20Prior%20Year-End%20to%20Next%20Reporting%20Period-End) The company has not forecasted a potential cumulative net loss or significant change in net profit from the beginning of the year to the end of the next reporting period. - The company has not forecasted a potential cumulative net loss or significant change in net profit from the beginning of the year to the end of the next reporting period [22](index=22&type=chunk) [Appendix](index=13&type=section&id=Item%20IV.%20Appendix) [Financial Statements](index=13&type=section&id=4.1%20Financial%20Statements) This section presents Chipsea Technology's unaudited consolidated and parent company balance sheets, income statements, and cash flow statements for Q1 2021, detailing financial position, operating results, and cash flows. [Consolidated Balance Sheet](index=13&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2021, consolidated total assets were **977.54 million yuan**, a **4.26%** decrease from year-end, with current assets at **813.36 million yuan** and total liabilities at **123.50 million yuan**. Consolidated Balance Sheet (March 31, 2021) | Item | Mar 31, 2021 (yuan) | Dec 31, 2020 (yuan) | | :--- | :--- | :--- | | **Current Assets:** | | | | Cash and Cash Equivalents | 452,093,276.42 | 557,479,823.82 | | Trading Financial Assets | 112,197,205.44 | 67,631,286.72 | | Notes Receivable | 971,694.70 | 3,741,564.30 | | Accounts Receivable | 71,687,504.20 | 73,477,368.92 | | Receivables Financing | 2,237,978.10 | 1,145,181.59 | | Prepayments | 17,653,777.14 | 11,918,646.31 | | Other Receivables | 1,422,981.74 | 1,116,056.32 | | Inventories | 129,040,577.71 | 122,333,798.44 | | Other Current Assets | 26,056,436.17 | 23,717,603.15 | | **Total Current Assets** | **813,361,431.62** | **862,561,329.57** | | **Non-Current Assets:** | | | | Fixed Assets | 118,312,634.59 | 118,408,922.96 | | Intangible Assets | 25,145,496.79 | 20,339,400.74 | | Long-Term Deferred Expenses | 13,355,396.88 | 13,891,483.64 | | Deferred Income Tax Assets | 3,903,207.45 | 2,672,203.19 | | Other Non-Current Assets | 3,463,320.00 | 3,139,350.00 | | **Total Non-Current Assets** | **164,180,055.71** | **158,451,360.53** | | **Total Assets** | **977,541,487.33** | **1,021,012,690.10** | | **Current Liabilities:** | | | | Short-Term Borrowings | 76,014,034.21 | 79,970,457.76 | | Accounts Payable | 17,937,154.48 | 27,030,894.56 | | Advances from Customers | 2,504,968.46 | 2,187,878.74 | | Contract Liabilities | 262,332.84 | 1,260,264.37 | | Employee Benefits Payable | 10,714,433.11 | 14,100,426.26 | | Taxes Payable | 3,145,428.89 | 2,489,058.02 | | Other Payables | 2,070,674.10 | 3,114,903.50 | | Non-Current Liabilities Due Within One Year | 0.00 | 2,379,000.00 | | Other Current Liabilities | 13,826.16 | 145,677.93 | | **Total Current Liabilities** | **112,662,852.25** | **132,678,561.14** | | **Non-Current Liabilities:** | | | | Long-Term Borrowings | 0.00 | 19,264,691.19 | | Deferred Income | 10,836,919.55 | 11,913,240.47 | | **Total Non-Current Liabilities** | **10,836,919.55** | **31,177,931.66** | | **Total Liabilities** | **123,499,771.80** | **163,856,492.80** | | **Shareholders' Equity:** | | | | Paid-in Capital (or Share Capital) | 100,000,000.00 | 100,000,000.00 | | Capital Reserve | 584,508,435.34 | 585,473,846.91 | | Surplus Reserve | 13,941,791.52 | 13,941,791.52 | | Retained Earnings | 155,921,525.76 | 158,811,893.98 | | Total Equity Attributable to Parent Company Shareholders | 854,371,752.62 | 858,227,532.41 | | Minority Interests | -330,037.09 | -1,071,335.11 | | **Total Shareholders' Equity** | **854,041,715.53** | **857,156,197.30** | | **Total Liabilities and Shareholders' Equity** | **977,541,487.33** | **1,021,012,690.10** | [Parent Company Balance Sheet](index=15&type=section&id=Parent%20Company%20Balance%20Sheet) As of March 31, 2021, the parent company's total assets were **910.40 million yuan**, a slight increase from the prior year-end, with total current assets of **877.26 million yuan** and total non-current assets of **33.14 million yuan**. Parent Company Balance Sheet (March 31, 2021) | Item | Mar 31, 2021 (yuan) | Dec 31, 2020 (yuan) | | :--- | :--- | :--- | | **Current Assets:** | | | | Cash and Cash Equivalents | 447,260,993.06 | 515,911,113.84 | | Trading Financial Assets | 112,197,205.44 | 67,631,286.72 | | Notes Receivable | 971,694.70 | 3,741,564.30 | | Accounts Receivable | 63,010,068.14 | 66,700,510.55 | | Receivables Financing | 2,237,978.10 | 1,145,181.59 | | Prepayments | 13,016,943.59 | 7,410,194.05 | | Other Receivables | 158,709,989.55 | 136,101,156.65 | | Inventories | 71,418,402.85 | 74,220,701.80 | | Other Current Assets | 8,437,659.25 | 8,852,643.47 | | **Total Current Assets** | **877,260,934.68** | **881,714,352.97** | | **Non-Current Assets:** | | | | Long-Term Equity Investments | 16,388,005.50 | 13,560,453.20 | | Fixed Assets | 4,152,557.17 | 4,456,271.49 | | Intangible Assets | 8,045,548.39 | 6,588,934.35 | | Long-Term Deferred Expenses | 1,101,018.35 | 1,086,849.85 | | Deferred Income Tax Assets | 2,844,850.10 | 1,524,022.40 | | Other Non-Current Assets | 608,000.00 | 381,100.00 | | **Total Non-Current Assets** | **33,139,979.51** | **27,597,631.29** | | **Total Assets** | **910,400,914.19** | **909,311,984.26** | | **Current Liabilities:** | | | | Short-Term Borrowings | 71,007,388.38 | 74,963,811.93 | | Accounts Payable | 19,119,815.39 | 16,820,235.44 | | Advances from Customers | 2,408,314.95 | 2,106,160.78 | | Contract Liabilities | 224,056.60 | 1,239,660.41 | | Employee Benefits Payable | 7,976,805.86 | 10,632,268.67 | | Taxes Payable | 2,783,360.28 | 2,224,098.53 | | Other Payables | 1,492,551.26 | 1,365,731.14 | | Other Current Liabilities | 13,443.40 | 145,471.89 | | **Total Current Liabilities** | **105,025,736.12** | **109,497,438.79** | | **Non-Current Liabilities:** | | | | Deferred Income | 5,407,784.56 | 5,882,809.28 | | **Total Non-Current Liabilities** | **5,407,784.56** | **5,882,809.28** | | **Total Liabilities** | **110,433,520.68** | **115,380,248.07** | | **Shareholders' Equity:** | | | | Paid-in Capital (or Share Capital) | 100,000,000.00 | 100,000,000.00 | | Capital Reserve | 593,128,201.11 | 583,954,319.50 | | Surplus Reserve | 13,941,791.52 | 13,941,791.52 | | Retained Earnings | 92,897,400.88 | 96,035,625.17 | | **Total Shareholders' Equity** | **799,967,393.51** | **793,931,736.19** | | **Total Liabilities and Shareholders' Equity** | **910,400,914.19** | **909,311,984.26** | [Consolidated Income Statement](index=17&type=section&id=Consolidated%20Income%20Statement) In Q1 2021, consolidated operating revenue reached **103.6 million yuan**, an **84.03%** year-on-year increase, while consolidated operating costs rose by **147.52%** to **96.0488 million yuan**, resulting in a net loss of **2.9233 million yuan** attributable to parent company shareholders due to fair value changes. Consolidated Income Statement (Jan-Mar 2021) | Item | Q1 2021 (yuan) | Q1 2020 (yuan) | | :--- | :--- | :--- | | I. Total Operating Revenue | 103,596,660.11 | 56,292,658.99 | | Including: Operating Revenue | 103,596,660.11 | 56,292,658.99 | | II. Total Operating Costs | 96,048,791.04 | 38,805,514.87 | | Including: Operating Cost | 56,987,854.01 | 17,209,916.24 | | Taxes and Surcharges | 653,891.15 | 536,266.05 | | Selling Expenses | 3,073,633.08 | 1,490,818.14 | | Administrative Expenses | 18,168,489.93 | 5,651,361.93 | | R&D Expenses | 18,765,211.81 | 12,920,460.82 | | Financial Expenses | -1,600,288.94 | 996,691.69 | | Add: Other Income | 3,496,644.04 | 4,175,786.48 | | Gains/Losses from Fair Value Changes (Losses indicated by "-") | -15,434,081.28 | 0.00 | | Credit Impairment Losses (Losses indicated by "-") | 748,386.33 | -1,590,550.49 | | Asset Impairment Losses (Losses indicated by "-") | -539,763.59 | -1,691,230.99 | | III. Operating Profit (Losses indicated by "-") | -4,180,945.43 | 18,381,149.12 | | Add: Non-Operating Income | 59,739.58 | 104,885.66 | | Less: Non-Operating Expenses | 29.11 | 107,631.58 | | IV. Total Profit (Total Losses indicated by "-") | -4,121,234.96 | 18,378,403.20 | | Less: Income Tax Expense | -1,230,866.74 | 2,238,673.49 | | V. Net Profit (Net Losses indicated by "-") | -2,890,368.22 | 16,139,729.71 | | Net Profit Attributable to Parent Company Shareholders | -2,923,299.12 | 16,475,864.95 | | Minority Interests Income/Loss | 32,930.90 | -336,135.24 | | VII. Total Comprehensive Income | -2,890,368.22 | 16,139,729.71 | | Total Comprehensive Income Attributable to Parent Company Owners | -2,923,299.12 | 16,475,864.95 | | Total Comprehensive Income Attributable to Minority Shareholders | 32,930.90 | -336,135.24 | | VIII. Earnings Per Share: | | | | Basic Earnings Per Share (yuan/share) | -0.03 | 0.22 | | Diluted Earnings Per Share (yuan/share) | -0.03 | 0.22 | [Parent Company Income Statement](index=20&type=section&id=Parent%20Company%20Income%20Statement) In Q1 2021, the parent company's operating revenue reached **94.3263 million yuan**, a **170.03%** year-on-year increase, with a net loss of **3.1382 million yuan**, which is a narrower loss compared to **4.7054 million yuan** in the prior year. Parent Company Income Statement (Jan-Mar 2021) | Item | Q1 2021 (yuan) | Q1 2020 (yuan) | | :--- | :--- | :--- | | I. Operating Revenue | 94,326,259.33 | 34,967,236.09 | | Less: Operating Cost | 53,218,154.06 | 22,282,340.37 | | Taxes and Surcharges | 572,924.39 | 172,609.10 | | Selling Expenses | 2,834,748.12 | 1,386,596.78 | | Administrative Expenses | 13,721,657.91 | 4,882,077.81 | | R&D Expenses | 17,649,913.99 | 10,360,632.60 | | Financial Expenses | -1,727,182.87 | 300,355.12 | | Add: Other Income | 2,963,461.82 | 2,994,417.38 | | Gains/Losses from Fair Value Changes (Losses indicated by "-") | -15,434,081.28 | 0.00 | | Credit Impairment Losses (Losses indicated by "-") | 457,610.66 | -1,852,851.13 | | Asset Impairment Losses (Losses indicated by "-") | -521,549.46 | -1,687,172.83 | | II. Operating Profit (Losses indicated by "-") | -4,478,514.53 | -4,962,982.27 | | Add: Non-Operating Income | 19,462.58 | 77,471.08 | | Less: Non-Operating Expenses | 0.04 | 106,787.86 | | III. Total Profit (Total Losses indicated by "-") | -4,459,051.99 | -4,992,299.05 | | Less: Income Tax Expense | -1,320,827.70 | -286,860.49 | | IV. Net Profit (Net Losses indicated by "-") | -3,138,224.29 | -4,705,438.56 | | Net Profit from Continuing Operations | -3,138,224.29 | -4,705,438.56 | | VI. Total Comprehensive Income | -3,138,224.29 | -4,705,438.56 | [Consolidated Cash Flow Statement](index=21&type=section&id=Consolidated%20Cash%20Flow%20Statement) In Q1 2021, consolidated net cash flow from operating activities was **5.4677 million yuan**, a **27.55%** year-on-year decrease, while net cash flow from investing activities was **-84.2763 million yuan** due to increased wealth management product purchases, and financing activities resulted in a net outflow of **26.5502 million yuan** from increased debt repayment. Consolidated Cash Flow Statement (Jan-Mar 2021) | Item | Q1 2021 (yuan) | Q1 2020 (yuan) | | :--- | :--- | :--- | | I. Net Cash Flow from Operating Activities | 5,467,746.19 | 7,546,787.17 | | II. Net Cash Flow from Investing Activities | -84,276,277.45 | -75,096,008.11 | | III. Net Cash Flow from Financing Activities | -26,550,196.76 | 64,049,889.16 | | IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents | -27,819.38 | 41,751.24 | | V. Net Increase in Cash and Cash Equivalents | -105,386,547.40 | -3,457,580.54 | | VI. Cash and Cash Equivalents at End of Period | 452,093,276.42 | 69,924,921.71 | [Parent Company Cash Flow Statement](index=24&type=section&id=Parent%20Company%20Cash%20Flow%20Statement) In Q1 2021, the parent company's net cash flow from operating activities was a **1.5353 million yuan** outflow, an expanded loss year-on-year, while investing activities resulted in a **62.3617 million yuan** outflow due to increased wealth management product purchases, and financing activities had a **4.7531 million yuan** outflow from increased debt repayment. Parent Company Cash Flow Statement (Jan-Mar 2021) | Item | Q1 2021 (yuan) | Q1 2020 (yuan) | | :--- | :--- | :--- | | I. Net Cash Flow from Operating Activities | -1,535,288.55 | -1,093,249.20 | | II. Net Cash Flow from Investing Activities | -62,361,748.98 | -12,272,958.86 | | III. Net Cash Flow from Financing Activities | -4,753,073.89 | 8,747,305.55 | | IV. Effect of Exchange Rate Changes on Cash and Cash Equivalents | -9.36 | 33,849.04 | | V. Net Increase in Cash and Cash Equivalents | -68,650,120.78 | -4,585,053.47 | | VI. Cash and Cash Equivalents at End of Period | 447,260,993.06 | 62,235,556.99 | [Explanation of Adjustments for New Lease Standards](index=25&type=section&id=4.2%20Explanation%20of%20Adjustments%20to%20Financial%20Statements%20at%20the%20Beginning%20of%20the%20First%20Year%20of%20Adoption%20of%20New%20Lease%20Standards%20from%202021) The company did not adjust its financial statements at the beginning of the first year of adopting new lease standards from 2021. - The company did not adjust its financial statements at the beginning of the first year of adopting new lease standards [42](index=42&type=chunk) [Explanation of Retrospective Adjustments for New Lease Standards](index=25&type=section&id=4.3%20Explanation%20of%20Retrospective%20Adjustments%20to%20Prior%20Comparative%20Data%20Upon%20First%20Adoption%20of%20New%20Lease%20Standards%20from%202021) The company did not retrospectively adjust prior comparative data upon first adopting new lease standards from 2021. - The company did not retrospectively adjust prior comparative data due to the first-time adoption of new lease standards [42](index=42&type=chunk) [Audit Report](index=25&type=section&id=4.4%20Audit%20Report) This quarterly report is unaudited. - This quarterly report is unaudited [42](index=42&type=chunk)

芯海科技（深圳）股份有限公司 2020 年年度报告 1 / 214 2020 年年度报告 重要提示 2020 年年度报告 公司代码：688595 公司简称：芯海科技 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 重大风险提示 公司已在本报告中详细描述了可能存在的相关风险，敬请查阅本报告"第四节 经营情况讨论与 分析"中关于公司可能面临的各种风险及应对措施部分内容。 三、 公司全体董事出席董事会会议。 四、 天健会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 五、 公司负责人卢国建、主管会计工作负责人谭兰兰及会计机构负责人（会计主管人员）谭兰兰 声明：保证年度报告中财务报告的真实、准确、完整。 六、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司拟向全体股东每 10 股派发现金红利 3 元（含税）。截止 2020 年 12 月 31 日，公司总股本为 10,000 万股，以此计算合计派发现金红利 3000 万元（含税），本年度公司现金分红比例为 33.59%。 ...

2020 年第三季度报告 公司代码：688595 公司简称：芯海科技 芯海科技（深圳）股份有限公司 2020 年第三季度报告 1 / 30 | 目录 | | --- | 二、 公司基本情况 2.1 主要财务数据 3 / 30 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 8 | | 四、 | 附录 | 12 | 2020 年第三季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人卢国建、主管会计工作负责人谭兰兰及会计机构负责人（会计主管人员）谭兰兰 保证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 1,014,748,338.41 343,979,379.01 195.00 归属于上市公司 股东的净资 ...