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]

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]