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]

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 25% year-over-year growth[1]. - The company achieved operating revenue of CNY 404,504,217.96, a year-on-year increase of 53.59%[20]. - The net profit attributable to shareholders reached CNY 57,846,081.97, up 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, an increase of 128.68% year-on-year[22]. - The net cash flow from operating activities was CNY 45,177,883.93, reflecting a 42.08% increase 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, indicating better cost management[1]. - The company reported a total revenue of 4,982 million RMB, with a year-on-year increase from 2,236.48 million RMB to 2,894.50 million RMB[48]. - The company achieved a revenue of 405 million yuan in the first half of 2021, representing a year-on-year growth of 53.59%[58]. - The net profit attributable to shareholders reached 57.85 million yuan, with a year-on-year increase of 88.39%[58]. - The company reported a total comprehensive income for the period was CNY 60,811,559.85, reflecting the company's performance during the first half of the year[184]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[1]. - The company is actively expanding its product offerings, including automotive LED lights and optoelectronic devices, to meet diverse customer demands[33]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of $100 million allocated for potential deals[120]. - The company plans to enhance the competitiveness of existing business segments to improve profitability and explore new production management and sales models to expand domestic and international customer bases[107]. - The company is investing $30 million in research and development for new technologies aimed at enhancing product features and user experience[120]. Research and Development - The company has allocated RMB 100 million for research and development in 2021, focusing on advanced semiconductor technologies[1]. - The company increased its R&D investment by 46.55% year-on-year, totaling approximately ¥22.36 million, which represents 5.53% of its operating revenue[42][43]. - The number of R&D personnel increased to 164, representing 14.32% of the total workforce, up from 150 and 13.94% in the previous period[50]. - The company has applied for 4 new patents during the reporting period, bringing the total to 275 applications, with 198 patents granted[41]. - The company has developed over 8,000 specifications of discrete devices, covering small signal devices, power devices, optoelectronic devices, and other electronic components[52]. Technological Advancements - The company has invested significantly in technology innovation and advanced equipment to improve product quality and performance, aiming to compete in the mid-to-high-end market[30]. - The company has established an integrated operation capability under the IDM model, enhancing its ability to meet customer needs for reliable and applicable products[33]. - The company has mastered mainstream packaging and testing technologies for discrete devices, achieving a 20% increase in product density through optimized design[36]. - The use of advanced technologies, such as low-stress welding and high-temperature reverse leakage control, enhances product reliability and performance[37]. - The company is advancing the development of a visible light sensor product, aimed at applications in robotic vacuums, security, and smart home sectors[40][46]. Environmental Compliance and Sustainability - Environmental compliance is maintained, with all major pollutants from the subsidiary meeting the required standards, including suspended solids at 400 mg/L and chemical oxygen demand at 500 mg/L[89]. - The company has implemented measures to reduce carbon emissions, including the use of a solar photovoltaic power station that has been operational since 2014[97]. - The company promotes energy efficiency in office buildings by using water source heat pump air conditioning and energy-efficient lighting[97]. - The company has established a specialized hazardous waste warehouse for the collection and storage of hazardous materials, ensuring compliance with regulatory requirements[92]. - The company actively promotes green development and ecological construction within its operations, adhering to environmental impact assessment requirements[96]. Risk Management - Risk factors include potential supply chain disruptions and increased competition in the semiconductor industry, which the company is actively monitoring[1]. - The company faces risks related to raw material price fluctuations, with material costs accounting for approximately 60% of total costs[61]. - The company’s total liabilities increased, impacting cash flow management strategies moving forward[171]. Shareholder and Governance Commitments - The company has committed to not reducing shareholdings within one year after the IPO[104]. - The company will ensure compliance with the regulations set by the China Securities Regulatory Commission and the Shanghai Stock Exchange[111]. - The company will publicly explain the reasons for any unfulfilled commitments and apologize to shareholders and investors[116]. - The company will strengthen internal controls and budget management to effectively manage operational risks and improve cost control[107]. - The company acknowledges that the issuance of new shares will lead to a significant increase in capital and net assets, but short-term revenue and net profit growth may not be synchronized[107].

Financial Performance - The company achieved operating revenue of ¥610,235,005.07 in 2020, representing a year-on-year increase of 15.60%[22] - Net profit attributable to shareholders reached ¥69,538,921.58, up 31.89% compared to the previous year[22] - The net profit after deducting non-recurring gains and losses was ¥57,125,303.17, reflecting a 15.15% increase year-on-year[22] - Total assets at the end of 2020 amounted to ¥809,105,481.52, an increase of 15.68% from the beginning of the year[22] - Shareholders' equity attributable to the parent company was ¥576,207,759.20, up 13.88% from the previous year[22] - Basic earnings per share for 2020 were ¥0.72, a 28.57% increase from ¥0.56 in 2019[21] - The company's total revenue for Q1, Q2, Q3, and Q4 was approximately ¥105.29 million, ¥158.08 million, ¥166.95 million, and ¥179.92 million respectively, showing a steady increase throughout the year[24] - The net profit attributable to shareholders for the same quarters was ¥8.06 million, ¥22.65 million, ¥18.90 million, and ¥19.94 million, indicating a significant growth in Q2[24] - The company achieved an annual revenue of 610.24 million yuan, representing a year-on-year increase of 15.60%[66] - The net profit attributable to the parent company was 69.54 million yuan, a year-on-year growth of 31.89%[66] Dividend Policy - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares, totaling approximately RMB 32.1 million, which represents 46.16% of the net profit attributable to shareholders for 2020[5] - The cash dividend for 2020 was the first since 2019, which had no cash distribution[116] - The cash dividend policy stipulates that at least 10% of the annual distributable profit will be distributed as cash dividends, provided certain conditions are met[112] - The company will prioritize cash dividends and may consider stock dividends if the operational conditions are favorable and align with shareholder interests[113] - The company’s profit distribution plan is subject to approval at the annual general meeting of shareholders[115] Research and Development - The company's R&D expenditure as a percentage of operating revenue was 5.79%, a decrease of 0.31 percentage points from the previous year[21] - The company invested a total of CNY 35.36 million in R&D, accounting for 5.79% of its revenue, which is a decrease of 0.31% compared to the previous year[49][51] - During the reporting period, the company applied for 22 patents and received 18 patent grants, bringing the total number of valid patents to 186, including 24 invention patents[50] - The company has developed a series of core technologies in multi-category device design and chip manufacturing, establishing a strong capability for customized product development[38] - The company has initiated small-scale production of GSC series 650V/1200V SiC Schottky products and is advancing the implementation of Clip technology for power MOS devices, enhancing power density and thermal performance[40] Market Position and Strategy - The company focuses on semiconductor discrete devices, aiming to be a specialized supplier in this field and a quality manufacturer in the electronic device packaging and testing industry[31] - The semiconductor industry, where the company operates, maintains a market share of 18%-20% for discrete devices, indicating a stable demand[34] - The company has invested significantly in technology innovation and advanced equipment to compete in the mid-to-high-end market segments[34] - The marketing strategy emphasizes direct sales and one-stop service, supported by a strong technical service team to meet customer needs[32] - The company plans to continue its focus on technological innovation and resource integration to support sustainable business growth[33] Corporate Governance - The company has received a standard unqualified audit report from its accounting firm, indicating the financial statements are accurate and complete[8] - The board of directors and supervisory board members have confirmed the authenticity and completeness of the annual report[4] - The company has not reported any governance special arrangements or significant matters[8] - The company is committed to improving its governance structure and internal management processes to ensure compliance with legal regulations and enhance operational efficiency[104] - The company emphasizes the protection of shareholder rights and has established a robust corporate governance structure to ensure effective checks and balances among decision-making bodies[149] Risks and Challenges - The company disclosed potential risks related to forward-looking statements, cautioning investors about uncertainties[6] - The company faced risks related to raw material price fluctuations, which accounted for over 60% of its costs, potentially impacting profit margins[71] - The company relies on external sourcing for a significant portion of its chips, which poses risks to production if supply is disrupted[71] - The company is at risk of market competition intensifying due to the rapid growth of the domestic semiconductor market, which may attract more competitors[74] - The company faces risks from international competitors like Infineon and ON Semiconductor, which dominate the high-end semiconductor market[73] Sustainability and Social Responsibility - The company has established a harmful substance management system and implemented an energy management system, achieving notable results in sustainability efforts[68] - The company actively participates in social responsibility initiatives, including contributions to COVID-19 relief efforts[154] - The company has been rated as a "green enterprise" by the Jiangsu Provincial Environmental Protection Department[155] - Wastewater is treated through a "rainwater and sewage diversion" model, ensuring compliance with municipal sewage treatment standards before discharge[155] - The company employs a classification system for waste gas collection and treatment, with emissions meeting standards before being released through high chimneys of 15 to 25 meters[156] Employee and Management Information - The number of R&D personnel increased to 150, representing 13.27% of the total workforce, up from 12.66% in the previous period[56] - The average salary of R&D personnel rose to ¥12.01 million, compared to ¥11.79 million in the previous period[56] - The total pre-tax compensation for the board members and key personnel during the reporting period amounted to 604.12 million CNY[177] - The company has established a fair and competitive performance incentive evaluation system, providing annual performance bonuses based on employee performance and company results in 2020[187] - The company has continuously improved its internal training system, providing diverse training for various employee levels to enhance overall quality[188] Audit and Financial Reporting - The company has not reported any non-standard audit opinions from its accounting firm[141] - The audit report confirms that the financial statements of Galaxy Century Microelectronics Co., Ltd. fairly reflect its financial position as of December 31, 2020, and its operating results for the year 2020[200] - The audit opinion states that the financial statements were prepared in accordance with the accounting standards for enterprises[200] - The report includes the consolidated and parent company balance sheets, income statements, cash flow statements, and changes in owners' equity for the year 2020[200] - The financial statements provide a comprehensive view of the company's financial status and cash flows for the year ended December 31, 2020[200]

Financial Performance - Total assets increased by 51.44% to CNY 1,225,270,561.49 compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 70.10% to CNY 980,124,781.30 year-over-year[6] - 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 revenue increased by 63.48% to ¥172,120,876.56 driven by sales growth[14] - 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] - Net profit for Q1 2021 after tax was ¥17,622,038.00, compared to ¥8,056,532.80 in Q1 2020, indicating a growth of 118.5%[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[30] - The operating profit for Q1 2021 reached CNY 23,213,763.08, up from CNY 8,494,428.90 in the same period last year, marking a 173.5% increase[29] - The company reported a total profit of CNY 23,326,302.03 for Q1 2021, compared to CNY 8,508,451.41 in Q1 2020, marking a 174.4% increase[29] 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] - The net cash flow from operating activities for Q1 2021 was ¥15,904,050.11, an increase of 73.5% compared to ¥9,170,673.34 in Q1 2020[32] - Total cash inflow from operating activities was ¥119,075,763.22, up 72.5% from ¥69,016,376.43 in the previous year[34] - The company reported a total cash inflow from operating activities of ¥119,075,763.22, while cash outflows were ¥102,067,962.82, leading to a positive cash flow situation[34] 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 increase its investment in research and development[14] - The company reported R&D expenses of ¥10,547,088.64 for Q1 2021, which is a 73.5% increase from ¥6,086,688.58 in Q1 2020[26] - 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] 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] Assets and Liabilities - The total assets increased to ¥1,225,270,561.49 from ¥809,105,481.52, reflecting significant growth in the company's financial position[19] - Total liabilities as of March 31, 2021, were ¥200,589,470.61, up from ¥185,001,122.98 at the end of 2020[24] - Shareholders' equity increased to ¥965,703,124.27 as of March 31, 2021, compared to ¥559,623,661.32 at the end of 2020, reflecting a growth of 72.3%[24] - Cash and cash equivalents stood at ¥251,145,958.01 as of March 31, 2021, compared to ¥185,880,015.96 at the end of 2020, marking a 35.1% increase[22] - Inventory as of March 31, 2021, was ¥74,971,419.47, up from ¥63,049,071.72 at the end of 2020, indicating an 18.5% increase[23] Investment Activities - Net cash flow from investing activities decreased by 256.84% to -¥368,209,653.52 primarily due to increased cash payments for wealth management products and long-term asset acquisitions[15] - The company invested ¥349,087,811.00 in fixed assets, a significant rise from ¥147,000,000.00 in Q1 2020, reflecting aggressive expansion strategies[32]