Financial Performance - The company's operating revenue for Q1 2023 was ¥146,983,565.10, a decrease of 14.78% compared to the same period last year[5]. - The net profit attributable to shareholders was ¥11,818,147.51, down 41.01% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was ¥5,265,542.39, reflecting a decline of 68.37%[5]. - Basic earnings per share were ¥0.09, down 43.75% year-on-year[6]. - Total operating revenue for Q1 2023 was ¥146,983,565.10, a decrease of 14.7% compared to ¥172,478,617.64 in Q1 2022[16]. - Net profit for Q1 2023 was ¥11,818,147.51, down 41.1% from ¥20,034,888.67 in Q1 2022[17]. - Basic and diluted earnings per share for Q1 2023 were both ¥0.09, compared to ¥0.16 in Q1 2022, representing a decline of 43.8%[17]. - The company reported a total profit of ¥13,157,452.77 in Q1 2023, down 45.7% from ¥24,153,499.80 in Q1 2022[16]. Cash Flow and Assets - The net cash flow from operating activities was ¥537,737.21, a significant drop of 98.04% compared to the previous year[6]. - Cash flow from operating activities generated a net amount of ¥537,737.21 in Q1 2023, significantly lower than ¥27,410,701.85 in Q1 2022[19]. - Cash flow from investing activities showed a net inflow of ¥45,868,019.04 in Q1 2023, compared to a net outflow of ¥87,009,036.05 in Q1 2022[20]. - The ending balance of cash and cash equivalents increased to ¥304,246,686.03 in Q1 2023 from ¥130,497,553.10 in Q1 2022, marking a significant improvement[20]. - Total assets at the end of the reporting period were ¥1,865,108,354.55, a decrease of 2.02% from the end of the previous year[6]. - As of March 31, 2023, the total assets of the company amounted to RMB 1,865,108,354.55, a decrease from RMB 1,903,586,112.42 at the end of 2022, representing a decline of approximately 2.01%[13]. - The company's total liabilities decreased to RMB 569,073,602.91 from RMB 620,014,263.15, reflecting a reduction of about 8.21%[15]. - The cash and cash equivalents increased to RMB 308,812,286.03 from RMB 271,621,271.88, marking an increase of approximately 13.68%[14]. - The accounts receivable decreased to RMB 192,946,672.92 from RMB 206,725,572.65, indicating a decline of about 6.67%[13]. - The company's total equity increased to RMB 1,296,034,751.64 from RMB 1,283,571,849.27, showing a growth of approximately 0.97%[15]. - The inventory slightly decreased to RMB 157,743,163.20 from RMB 158,096,804.53, a reduction of about 0.22%[14]. - The company reported a decrease in accounts payable to RMB 113,685,399.94 from RMB 123,197,924.95, a decline of approximately 7.63%[15]. Research and Development - Research and development expenses totaled ¥9,457,766.05, a reduction of 30.49% compared to the same period last year[6]. - The proportion of R&D expenses to operating revenue was 6.43%, a decrease of 1.46 percentage points[6]. - Research and development expenses decreased to ¥9,457,766.05 in Q1 2023 from ¥13,605,761.54 in Q1 2022, a reduction of 30.5%[16]. Other Notable Information - The weighted average return on net assets was 0.92%, a decrease of 0.93 percentage points[6]. - The company reported non-recurring gains of ¥6,552,605.12, after accounting for tax effects[8]. - The company's short-term borrowings and other financial liabilities were not reported in the current quarter[15]. - The company has not disclosed any new product developments or market expansion strategies in this quarter[13]. - There were no significant mergers or acquisitions reported during the quarter[13]. - Total operating costs decreased to ¥135,473,199.22 in Q1 2023 from ¥146,063,214.63 in Q1 2022, reflecting a reduction of 7.5%[16]. - Financial expenses increased to ¥8,315,308.34 in Q1 2023, compared to a financial income of ¥1,590,783.28 in Q1 2022[16].

Financial Performance - The company reported a revenue of ¥675,957,754.86 in 2022, a decrease of 18.79% compared to ¥832,354,020.45 in 2021[21]. - Net profit attributable to shareholders was ¥86,380,356.62, down 38.68% from ¥140,871,314.60 in the previous year[21]. - The basic earnings per share decreased by 40.18% to ¥0.67 from ¥1.12 in 2021[22]. - The net profit after deducting non-recurring gains and losses was ¥63,439,594.38, down 50.95% from ¥129,346,071.87 in 2021[21]. - The company's operating costs were CNY 484.24 million, a decrease of 13.95% compared to the previous year[85]. - The company achieved a total revenue of 6,448 million RMB in 2022, compared to 4,720.85 million RMB in the previous year, marking an increase of approximately 36.5%[62]. - The company reported a revenue increase of 15% year-over-year, reaching $500 million in Q3 2023[134]. Dividend and Share Capital - The company plans to distribute a cash dividend of 2.20 CNY per 10 shares, totaling 28,356,900 CNY, which represents 32.83% of the net profit attributable to shareholders for 2022[5]. - As of December 31, 2022, the total share capital of the company was 128,895,000 shares[5]. - The company did not propose a stock dividend or capital reserve transfer for 2022[159]. Research and Development - The company invested a total of 47.21 million yuan in R&D during the reporting period, accounting for 6.98% of its revenue, and filed 60 new patent applications, including 12 invention patents and 1 PCT global patent[35]. - The company is committed to increasing R&D investment and enhancing collaboration with research institutions to strengthen its technological capabilities in third-generation semiconductor devices and high-power density technology[116]. - The company has developed a vehicle-grade surge protection device with a transient power absorption capability exceeding 8,000W, meeting AEC-Q101 and ISO7637-2 standards[62]. - The company has a total of 219 valid patents as of December 31, 2022, including 25 invention patents, indicating a strong focus on innovation[68]. Market and Industry Trends - The semiconductor industry, where the company operates, has seen a stable market share of 18%-20% for discrete devices globally, with domestic companies increasingly competing in the mid-to-high-end market[40]. - The semiconductor discrete device market is experiencing rapid growth, driven by advancements in electronic products and applications such as electric vehicles and 5G technology[45]. - The company is actively expanding into emerging markets such as new energy vehicles, 5G communications, and artificial intelligence, aiming to capture growth opportunities[69]. Operational Efficiency - The cash flow from operating activities was ¥106,243,370.60, a decrease of 5.89% from ¥112,890,594.29 in 2021[21]. - The company has optimized its organizational structure and management team to enhance operational efficiency and support future projects[35]. - The company has implemented a flexible production model to meet diverse customer needs, enhancing operational efficiency and market competitiveness[72]. Governance and Compliance - The company has ensured compliance with governance regulations, with no significant discrepancies from legal requirements[123]. - The company’s governance structure allows for independent operation, with no interference from controlling shareholders in management decisions[123]. - The company has established a comprehensive management system and obtained multiple certifications, including ISO9001 and AEC-Q101, enhancing its market entry capabilities in the semiconductor industry[71]. Environmental Responsibility - The company has successfully maintained compliance with environmental regulations, achieving all required standards for pollutant discharge[180]. - The company has invested in new projects, including a semiconductor device production capacity expansion to 50 billion units annually[183]. - The company has established a rooftop solar photovoltaic power station to lower energy consumption through continuous process technology improvements[193]. Employee Management - The company has established a performance-based incentive system and provides annual performance bonuses to employees based on their performance and company results[155]. - The average salary for R&D personnel was 14.70 million RMB, slightly down from 14.90 million RMB in the previous year[67]. - The company has a clear structure for the election of board members and supervisors, with recent elections held for the third board and supervisory committee[125].

证券代码：688689 证券简称：银河微电 公告编号：2023-011 转债代码：118011 转债简称：银微转债 常州银河世纪微电子股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2023 年 4 月 3 日（星期一）下午 13:00-14:00。 二、说明会召开的时间、地点 （一）会议召开时间：2023年4月3日（星期一）下午13:00-14:00 会议召开地点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 3 月 27 日(星期一)至 3 月 31 日(星期五)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 gmesec@gmesemi.cn 进行提问。公司说明会上将在信息披露允许的范围内就投资 者普遍关注的问题予以回答。 常州银河世纪微电子股份有限公司（以 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥156,578,199.34, a decrease of 26.11% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2022 was ¥10,673,009.38, down 77.51% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was ¥4,138,352.03, a decline of 90.71% compared to the previous year[5] - Basic earnings per share for Q3 2022 were ¥0.08, a decrease of 78.38% year-on-year[5] - The net profit attributable to shareholders for the year-to-date period decreased by 39.07% compared to the same period last year[9] - Total operating revenue for the first three quarters of 2022 was CNY 521.85 million, a decrease of 15.3% compared to CNY 616.42 million in the same period of 2021[19] - Net profit for the first three quarters of 2022 was CNY 64.16 million, a decline of 39.0% from CNY 105.29 million in the same period of 2021[22] - Basic and diluted earnings per share for the first three quarters of 2022 were CNY 0.50, compared to CNY 0.84 in the same period of 2021[22] Assets and Liabilities - Total assets at the end of Q3 2022 reached ¥1,882,196,123.70, an increase of 35.37% from the end of the previous year[5] - The company's total assets as of September 30, 2022, amounted to RMB 1,882,196,123.70, an increase from RMB 1,390,429,749.32 at the end of 2021[16] - Total liabilities were reported at RMB 1,448,403,456.73, up from RMB 1,028,770,373.14 in the previous year[16] - Total liabilities as of the end of the third quarter of 2022 amounted to CNY 642.20 million, significantly higher than CNY 315.88 million at the end of the same period in 2021[18] - Total equity attributable to shareholders reached CNY 1.24 billion, an increase from CNY 1.07 billion in the previous year[18] Cash Flow - The company's cash inflow from operating activities for the first three quarters of 2022 was CNY 501,049,670, a slight increase from CNY 495,323,617 in the same period of 2021[24] - The net cash flow from operating activities increased to CNY 77,002,926, compared to CNY 71,728,495 in the previous year[24] - Cash inflow from investment activities reached CNY 1,869,933,531, up from CNY 1,415,951,444 in the same period last year[25] - The net cash flow from investment activities was negative at CNY -398,367,836, an improvement from CNY -476,062,260 in the previous year[25] - Cash inflow from financing activities totaled CNY 493,396,226, compared to CNY 449,721,000 in the same period last year[25] - The net cash flow from financing activities increased to CNY 445,884,269, up from CNY 360,174,841 in the previous year[25] - The company's cash and cash equivalents at the end of the period amounted to CNY 315,944,778, compared to CNY 177,977,826 at the end of the previous year[25] Research and Development - Research and development expenses totaled ¥11,978,276.42 for Q3 2022, representing 7.65% of operating revenue, an increase of 2.37 percentage points year-on-year[5] - Research and development expenses for the first three quarters of 2022 were CNY 40.31 million, up 19.8% from CNY 33.56 million in the same period of 2021[19] Shareholder Information - The total number of common shareholders at the end of the reporting period was 7,747[12] - The largest shareholder, Changzhou Galaxy Xingyuan Investment Co., Ltd., holds 31.74% of the shares, making it the controlling shareholder[13] Market Conditions and Company Strategy - The company experienced a significant decline in sales due to low market demand for consumer products and increased financial expenses related to convertible bonds[9] - The company issued convertible bonds to unspecified investors, contributing to the increase in total assets[9] - The company has not disclosed any significant new product developments or market expansion strategies in the current report[14] - The report does not indicate any recent mergers or acquisitions[14] - There are no significant changes in the company's financial audit opinion status, remaining unaudited[14]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2022, representing a year-on-year increase of 15%[1]. - The company achieved operating revenue of CNY 365,269,762.44 in the first half of 2022, a decrease of 9.70% year-on-year[24]. - Net profit attributable to shareholders of the parent company was CNY 53,483,113.34, down 7.54% compared to the same period last year[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 43,479,708.05, a decrease of 21.55% year-on-year[24]. - The company reported a total non-operating income of 10,003,405.29, with government subsidies contributing 4,778,297.88[27]. - The company’s total profit for the first half of 2022 was RMB 66,194,015.01, a decrease of 7.5% compared to RMB 71,619,333.21 in the same period last year[158]. - The company’s financial expenses showed a significant improvement, with a net income of RMB -7,069,657.73 compared to RMB 154,213.35 in the first half of 2021[158]. Market Expansion and Strategy - The company plans to launch two new semiconductor products by Q4 2022, aiming to capture a larger market share in the power device sector[1]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in sales in that region by the end of 2022[1]. - The company is actively expanding its market presence, exporting products to regions including Taiwan, South Korea, Japan, and Europe and the United States[55]. - The company is considering strategic acquisitions to bolster its product offerings, with a budget of 500 million allocated for potential mergers and acquisitions[105]. - A new marketing strategy has been implemented, aiming to increase brand awareness by 40% over the next year[106]. Research and Development - Research and development expenses increased by 30% to RMB 150 million, reflecting the company's commitment to innovation[1]. - The R&D investment as a percentage of operating revenue increased by 2.23 percentage points to 7.76%[23]. - The company has filed 19 patents during the reporting period, with 15 patents granted, bringing the total number of valid patents to 205[41]. - The company has developed third-generation semiconductor wafer cutting and high-temperature lead-free soldering processes, applied to new TO-247 and narrow pin TO-220 packaging products[40]. - Ongoing research and development efforts have led to the introduction of two new technologies, which are anticipated to enhance operational efficiency by 10%[107]. Financial Position and Assets - Total assets at the end of the reporting period were CNY 1,421,044,789.26, an increase of 2.20% from the beginning of the period[24]. - Shareholders' equity attributable to the parent company increased by 1.30% to CNY 1,088,550,211.66 compared to the beginning of the period[24]. - Cash and cash equivalents decreased by 18.28% to CNY 169.88 million, accounting for 11.95% of total assets[72]. - The company's total liabilities amounted to CNY 332,494,577.60, up from CNY 315,879,103.10, indicating an increase of approximately 5.3%[149]. Environmental Compliance - The company has achieved compliance with environmental standards for various pollutants, including ammonia nitrogen (45 mg/L), total phosphorus (8 mg/L), and chemical oxygen demand (500 mg/L)[87]. - The company’s wastewater treatment facilities operate effectively, ensuring that wastewater meets municipal discharge standards before entering the municipal sewage system[89]. - The company has established a dedicated hazardous waste storage facility to manage and dispose of hazardous waste in compliance with regulations[89]. - The company has implemented a "rainwater and sewage diversion" system to manage wastewater, which is treated at a centralized sewage treatment station[88]. Shareholder and Governance Policies - The company plans to grant 2,000,000 restricted stocks under the 2021 incentive plan, accounting for approximately 1.56% of the total share capital of 128,400,000 shares[84]. - The company commits to a stable cash dividend plan, aligning with legal requirements and internal regulations, to ensure investor returns[104]. - The company will ensure compliance with necessary procedures for any share reduction and will announce plans in advance[100]. - The company emphasizes the importance of protecting the legitimate rights and interests of small and medium investors, ensuring a stable governance structure for sustainable development[103]. Risks and Challenges - The company has identified supply chain risks and is implementing strategies to mitigate these challenges[1]. - The company faces risks related to high reliance on external chip procurement, which could significantly impact its production operations if supply issues arise[60]. - The semiconductor industry is experiencing intense competition, particularly from international leaders like Infineon and ON Semiconductor[63]. - Changes in tax incentives could adversely affect the company's financial performance if it loses its high-tech enterprise status[66].

2022 年第一季度报告 证券代码：688689 证券简称：银河微电 常州银河世纪微电子股份有限公司 2022 年第一季度报告 第一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 单位：元 币种：人民币 | | 本报告期 | | 本报告期比上年 | | --- | --- | --- | --- | | 项目 | | | 同期增减变动幅 | | | | | 度(%) | | 营业收入 | | 172,478,617.64 | 0.21 | | 归属于上市公司股东的净利润 | | 20,034,888.67 | 13.69 | | 归属于上市公司股东的扣除非 经常性损益的净利润 | | 16,645,664.21 | -1.61 | 1 / 14 2022 年第一季度报告 | 经营活动产生的现金流量净额 | | 27,410,701.85 | | | 72.35 | | --- | --- | --- | --- | --- | --- | | 基本每股收益（元/股） | | 0.16 | | | 14.29 | | 稀释每股收益（元/股） | | 0.16 | | | 1 ...

Financial Performance - Operating revenue rose by 63.48% to CNY 172,120,876.56 compared to the same period last year[6] - Net profit attributable to shareholders surged by 118.73% to CNY 17,622,038.00 year-over-year[6] - Basic earnings per share increased by 75.00% to CNY 0.14 compared to the same period last year[6] - Operating profit for Q1 2021 was ¥20,634,688.13, representing a 115.5% increase compared to ¥9,579,545.18 in Q1 2020[26] - The company's revenue for Q1 2021 was CNY 151,601,375.72, representing a 71.3% increase compared to CNY 88,484,485.28 in Q1 2020[29] - The net profit for Q1 2021 was CNY 19,784,478.85, which is a 174.5% increase from CNY 7,201,936.32 in Q1 2020[29] - The total profit for Q1 2021 was CNY 23,326,302.03, up from CNY 8,508,451.41 in Q1 2020, representing a 174.4% increase[29] Assets and Liabilities - Total assets increased by 51.44% to CNY 1,225,270,561.49 compared to the end of the previous year[6] - Total liabilities as of March 31, 2021, were ¥200,589,470.61, compared to ¥185,001,122.98 at the end of 2020[24] - Total assets as of March 31, 2021, amounted to ¥1,166,292,594.88, an increase from ¥744,624,784.30 at the end of 2020[24] - Inventory increased to ¥74,971,419.47 as of March 31, 2021, compared to ¥63,049,071.72 at the end of 2020, reflecting growth in operational capacity[23] Cash Flow - The net cash flow from operating activities increased by 73.42% to CNY 15,904,050.11 compared to the previous year[6] - Cash inflow from operating activities in Q1 2021 was CNY 153,299,883.91, compared to CNY 96,994,423.39 in Q1 2020, showing a 58.0% increase[31] - Cash outflow from investing activities totaled ¥661,774,222.34, significantly higher than ¥155,639,023.01 in Q1 2020, resulting in a net cash flow from investing activities of -¥368,209,653.52[33] - The net increase in cash and cash equivalents for Q1 2021 was ¥36,666,359.75, compared to a decrease of ¥93,315,069.20 in Q1 2020[33] Shareholder Information - The total number of shareholders reached 11,502 by the end of the reporting period[10] - The largest shareholder, Changzhou Galaxy Xingyuan Investment Co., Ltd., holds 31.74% of the shares[12] Research and Development - R&D expenditure as a percentage of operating revenue increased by 0.35 percentage points to 6.13%[6] - R&D expenses increased by 73.28% to ¥10,547,088.64 as the company continued to enhance its R&D investment[14] - Research and development expenses for Q1 2021 were CNY 7,539,203.96, compared to CNY 4,654,550.84 in Q1 2020, indicating a 62.0% increase[29]

Financial Performance - The company's operating revenue for 2021 was CNY 832,354,020.45, representing a 36.40% increase compared to CNY 610,235,005.07 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 140,871,314.60, which is a 102.58% increase from CNY 69,538,921.58 in 2020[21]. - The net profit after deducting non-recurring gains and losses was CNY 129,346,071.87, up 126.43% from CNY 57,125,303.17 in 2020[21]. - The cash flow from operating activities for 2021 was CNY 112,890,594.29, a 51.94% increase from CNY 74,297,702.95 in 2020[21]. - The total assets at the end of 2021 were CNY 1,390,429,749.32, reflecting a 71.85% increase from CNY 809,105,481.52 at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,074,550,646.22, an increase of 86.49% from CNY 576,207,759.20 at the end of 2020[21]. - The company achieved operating revenue of ¥832,354,020.45, an increase of 36.40% year-on-year[22]. - Net profit attributable to shareholders reached ¥140,871,314.60, up 102.58% compared to the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥129,346,071.87, an increase of 126.43% year-on-year[22]. - The gross margin for the semiconductor components segment improved, with a revenue increase of 35.38% and a cost increase of 29.08%[92]. Dividend and Share Capital - The company plans to distribute a cash dividend of 3.50 CNY per 10 shares, totaling 44.94 million CNY, which accounts for 31.90% of the net profit attributable to shareholders for the year 2021[6]. - As of December 31, 2021, the total share capital of the company was 12.84 million shares[6]. - The company has not proposed any bonus shares or capital reserve transfers to increase share capital for the year 2021[6]. Governance and Compliance - The company has received a standard unqualified audit report from the accounting firm[5]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5]. - The company has not reported any instances where more than half of the directors could not guarantee the authenticity and completeness of the annual report[8]. - The company has established a governance structure with clear responsibilities and effective internal controls, enhancing operational compliance[128]. - The company revised its governance documents, including the Articles of Association and various management rules, to improve governance and internal controls[129]. - There were no significant differences between the company's governance practices and the regulations set by the China Securities Regulatory Commission[130]. - The company confirmed no issues regarding independence or autonomous operational capability in relation to its controlling shareholder[130]. Research and Development - The company invested a total of 178.58 million yuan in semiconductor discrete device industry enhancement and R&D center improvement projects[34]. - R&D investment amounted to 47.52 million yuan, representing a 34.39% increase year-on-year, with 16 ongoing projects and 4 new core technologies developed[35]. - The company holds a total of 202 valid patents, including 24 invention patents, with 16 new patents granted during the reporting period[35]. - The company is actively involved in the development of new semiconductor materials such as SiC and GaN, which are expected to mature in the near future[47]. - The company has developed high-density SMC packaging power diodes and completed research on third-generation semiconductor power device packaging[57]. - The company has established a long-term incentive mechanism to foster mutual success between employees and the organization[184]. Market Strategy and Expansion - The company is focused on expanding its market presence and enhancing its product offerings in the semiconductor industry[14]. - The company aims to achieve sustainable growth through strategic partnerships and potential acquisitions in the future[14]. - The company plans to continue expanding its production capacity to meet the growing demand in the consumer electronics market[22]. - The company plans to continue expanding its market presence, particularly in Taiwan, leveraging the growing demand in the consumer electronics sector[93]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan earmarked for potential deals[143]. Environmental Responsibility - The company is classified as a key pollutant discharge unit, with all major pollutants meeting the required standards, including suspended solids at 400 mg/L and chemical oxygen demand at 500 mg/L[185]. - The company has established a comprehensive wastewater treatment system, ensuring that production wastewater meets municipal discharge standards before entering the sewage system[188]. - The company has achieved compliance with air pollutant discharge standards, including sulfuric mist at 45 mg/m³ and volatile organic compounds at 120 mg/m³[185]. - The company emphasizes the integration of environmental protection concepts into daily operations, contributing to ecological conservation efforts[183]. - The company received the "Jiangsu Province Green Factory" title in 2021, reflecting its commitment to environmental protection and sustainable practices[195]. Risks and Challenges - The company faces risks related to new product development and technological research not meeting expectations, which could impact performance growth[77]. - The company relies heavily on external chip procurement, which poses a risk if certain chips cannot be sourced[80]. - The company faces risks related to the loss of core technical personnel and potential technology leaks, which could weaken its market competitiveness[78]. - The company is at risk of falling behind international competitors in technology and market share if it fails to innovate and meet market demands[82]. Employee and Management - The company employed a total of 1,087 staff, including 715 production personnel and 160 R&D personnel[164]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to RMB 6.805 million, including independent directors[149]. - The company has a performance-based incentive system and provides annual performance bonuses to employees[165]. - The company has implemented a training program for various employee levels to enhance skills and management capabilities[166].

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a year-on-year growth of 25%[1]. - The company achieved operating revenue of CNY 404,504,217.96 in the first half of 2021, representing a year-on-year increase of 53.59%[20]. - The net profit attributable to shareholders reached CNY 57,846,081.97, an increase of 88.39% compared to the same period last year[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 55,421,210.59, reflecting a significant increase of 128.68% year-on-year[22]. - The net cash flow from operating activities was CNY 45,177,883.93, up 42.08% from the previous year[20]. - The gross profit margin for the first half of 2021 improved to 40%, up from 35% in the same period last year[1]. - The company reported a total revenue of 12,882.36 million CNY for the first half of 2021, with a net loss of 174.37 million CNY[76]. - The company reported a total cash inflow from operating activities of ¥238,903,374.06, which is a 50% increase from ¥159,055,100.97 in the first half of 2020[168]. Market Expansion and Strategy - The company is expanding its market presence, targeting a 20% increase in market share in the Asia-Pacific region by the end of 2021[1]. - The company has provided a positive outlook for the second half of 2021, projecting a revenue growth of 30% compared to the first half[1]. - The company plans to accelerate capacity expansion and improve production efficiency to capture market share[22]. - The company is actively pursuing market expansion and product development to enhance its competitive position in the semiconductor industry[56]. - The company aims to become a leading supplier in the semiconductor discrete device sector, leveraging its expertise in packaging and testing technologies[33]. Research and Development - The company is investing RMB 200 million in R&D for new technologies, aiming to innovate in the power device segment[1]. - The company achieved a significant increase in R&D investment, totaling approximately ¥22.36 million, which represents a 46.55% increase compared to the previous period[42]. - The company maintains a "self-research and continuous improvement" R&D model, focusing on systematic innovation across various technical aspects[35]. - The company has developed advanced packaging technologies, including ultra-low arc welding and high-temperature reverse leakage control, enhancing product reliability[37]. - The company is focusing on expanding its product range and enhancing its technological capabilities through strategic R&D initiatives[40]. Environmental Commitment - Future guidance includes a commitment to sustainable practices, with plans to reduce carbon emissions by 15% over the next three years[1]. - The company is compliant with environmental standards, with all monitored pollutants meeting regulatory limits[86]. - The company has implemented a "rainwater and sewage diversion" system for wastewater management, enhancing environmental protection measures[88]. - The company actively promotes green development and ecological construction within its operations, ensuring compliance with environmental regulations[93]. - The company has committed to not transferring or entrusting shares held by major shareholders for a period of 36 months from the date of stock issuance[97]. Financial Stability and Governance - The company has maintained a strong balance sheet, with total assets of RMB 1.5 billion and a debt-to-equity ratio of 0.3[1]. - The company has established a commitment to utilize natural light and energy-saving lighting fixtures in its offices to further reduce energy consumption[94]. - The company will ensure compliance with relevant laws and regulations during the stock repurchase process[102]. - The company has committed to not using its assets for unrelated investments or consumption[108]. - The company will strengthen internal controls and budget management to optimize cost control and risk management[104]. Product Development and Innovation - New product development includes the launch of a next-generation semiconductor device, expected to contribute an additional RMB 100 million in revenue by the end of the year[1]. - The company has developed over 8,000 specifications of discrete devices, covering more than 20 categories and nearly 80 packaging forms, establishing a strong industry reputation[51]. - The company successfully launched a power rectifier bridge product with a junction temperature of up to 175°C, meeting industrial reliability standards[40]. - The company is actively developing new products such as ESD, TVS series products, power rectifier bridges, power MOSFETs, and optocouplers, targeting markets with significant growth potential[52]. - The company has established long-term stable partnerships with well-known clients such as Midea, TCL, and BYD, ensuring a steady demand for its products[53]. Risks and Challenges - The company is facing risks related to raw material price fluctuations, which account for approximately 60% of its costs[60]. - The company has a high reliance on externally sourced chips, which poses a risk to its production operations[60]. - The company faced risks related to technology development and potential loss of core technical personnel, which could impact its competitive position[64]. - The company is focusing on expanding its market presence and enhancing its core technologies to mitigate risks associated with technological advancements[64]. - The company has experienced a change in key personnel, with core technical staff member He Zilong resigning, but this is not expected to impact technology development[81].

Financial Performance - The company's operating revenue for Q3 2021 was ¥211,920,194.26, representing a year-on-year increase of 26.94%[7] - The net profit attributable to shareholders for Q3 2021 reached ¥47,447,284.74, a significant increase of 151.06% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥44,524,156.06, up 181.50% year-on-year[7] - Total operating revenue for the first three quarters of 2021 reached ¥616,424,412.22, a 43.3% increase from ¥430,311,532.61 in the same period of 2020[23] - Net profit for the third quarter of 2021 was ¥105,293,366.71, up 112.5% from ¥49,603,470.38 in the third quarter of 2020[24] - Basic and diluted earnings per share for the third quarter were both ¥0.84, compared to ¥0.52 in the same quarter of the previous year, marking a 61.5% increase[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,332,158,807.26, reflecting a 64.65% increase from the end of the previous year[8] - The total assets increased to ¥1,332,158,807.26, compared to ¥809,105,481.52 in the previous year, reflecting a growth of 64.5%[21] - The total liabilities rose to ¥296,106,397.27, an increase of 27.1% from ¥232,897,722.32 in the previous year[20] - The company's total equity attributable to shareholders increased by 79.81% year-on-year, reaching ¥1,036,052,409.99[8] - The company's total equity reached ¥1,036,052,409.99, a significant increase from ¥576,207,759.20 in the previous year, indicating a growth of 79.9%[21] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥71,917,397.68, showing a year-on-year increase of 61.86%[12] - In the first three quarters of 2021, the cash inflow from operating activities was CNY 495,323,616.96, compared to CNY 348,086,668.86 in the same period of 2020, representing an increase of approximately 42.4%[26] - The net cash flow from operating activities for the first three quarters of 2021 was CNY 71,917,397.68, up from CNY 44,432,499.71 in 2020, indicating a growth of about 62.1%[26] - The cash inflow from investment activities in the first three quarters of 2021 totaled CNY 366,951,444.18, compared to CNY 164,650,037.19 in 2020, marking an increase of approximately 122.3%[27] - The cash inflow from financing activities was CNY 449,721,000.00 in 2021, with a net cash flow of CNY 360,174,841.44, compared to a negative net cash flow of CNY 2,311,320.75 in 2020[27] Research and Development - The company's R&D investment totaled ¥11,198,033.04 for the quarter, which is an increase of 18.61% year-on-year[8] - Research and development expenses for the first three quarters were ¥33,562,764.97, representing a 35.8% increase from ¥24,701,898.62 in the same period of 2020[23] Shareholder Information - The company’s major shareholder, Changzhou Galaxy Star Investment Co., Ltd., holds a 31.74% stake, while the actual controller holds 69.25% of the shares[16] - The top ten shareholders collectively control a significant portion of the company, with the largest shareholder holding over 40 million shares[15] - The company has not reported any significant changes in shareholder relationships or agreements among shareholders[16] Other Information - The company has engaged in securities lending, with 1,103,100 shares lent out, reflecting its participation in the securities market[16] - The company’s financial report is unaudited as of September 30, 2021[17] - The company has not disclosed any new product developments or market expansion strategies in the current report[16] - There are no significant reminders or alerts regarding the company's operational status during the reporting period[16] - The company received CNY 7,595,627.38 in tax refunds during the first three quarters of 2021, compared to CNY 615,820.49 in the same period of 2020, reflecting a significant increase[26] - The impact of exchange rate changes on cash and cash equivalents was negative CNY 2,109,415.40 in 2021, compared to negative CNY 1,394,496.19 in 2020[27]