Group 1: Company Overview - Hangjin Technology Co., Ltd. focuses on military electronics, with a product system primarily consisting of "3+1" products, including anti-fuse FPGA, non-volatile memory SRAM+EEPROM, and bus interface SG320 [3][4] - The anti-fuse FPGA is exclusively supplied by Changsha Shaoguang, with high demand in aerospace and military applications, leading to a supply shortage [3][4] Group 2: Product Details - The current contract amount for the three main products (anti-fuse FPGA, non-volatile memory SRAM+EEPROM, and bus interface SG320) exceeds 200 million yuan, indicating a supply-demand imbalance [4][6] - The SG320 bus interface is crucial for information transmission in military vehicles and is expected to expand into naval and missile applications [4] Group 3: Financial Performance - In 2017, Changsha Shaoguang achieved a revenue of 255 million yuan and a net profit of 7.122 million yuan; in Q1 2018, revenue was 26.03 million yuan with a net profit of 16.3 million yuan [5][6] - The accounts receivable for Hangjin Technology in 2017 amounted to 228 million yuan, with a significant portion attributed to military enterprises [6] Group 4: Research and Development - Changsha Shaoguang currently employs 19 personnel dedicated to design, with over 60 involved in R&D activities [6] - Key R&D focuses include system-in-package (SIP), digital isolators, and high-performance graphics processors (GPU), with the latter expected to achieve mass production within 1-2 years [5][6] Group 5: Future Outlook - The company anticipates that the high gross margin of its chip products will be maintained over the next 3-5 years due to controlled production costs and increasing domestic demand for military electronics [7] - Hangjin Technology supports Changsha Shaoguang through management, talent acquisition, and financial backing for future chip projects [8]

Group 1: Corporate Governance and Control - Wuhan New Energy becoming the controlling shareholder of Hangjin Technology resolves long-standing debt issues and optimizes the shareholder structure, enhancing support in industry, finance, and talent [1] - The State-owned Assets Supervision and Administration Commission of Wuhan City will provide resources and support for the company's future development in the integrated circuit sector [1] Group 2: Headquarters Relocation - The relocation of the headquarters to Wuhan will facilitate better integration into the local economy and enhance collaboration with local upstream and downstream businesses [2] - The management team will assist in establishing a headquarters organization rooted in Wuhan, focusing on essential aspects such as personnel and resources [2] Group 3: Business Segmentation - Hangjin Technology's main business is divided into two segments: traditional chemical operations and the recently developed integrated circuit business [2] - A wholly-owned subsidiary was established to manage existing chemical assets, allowing for independent development of both chemical and electronic business sectors [2] Group 4: Product Development and Market Impact - The latest announcement on the development of Honglin Micro's RF chips indicates advanced performance comparable to foreign products, with applications in 4G and 5G base stations [3] - The RF chips are expected to significantly impact the company's future business development and operational performance, particularly in the mobile phone RF module production sector [3]

Financial Performance - The company's revenue for Q3 2022 was ¥947,622,275.04, a decrease of 19.46% compared to the same period last year[4]. - Net profit attributable to shareholders was ¥10,915,965.06, down 95.22% year-on-year[4]. - The net profit after deducting non-recurring gains and losses was ¥6,793,496.30, a decline of 96.83% compared to the previous year[4]. - The basic earnings per share for the period was ¥0.02, representing a decrease of 93.94% year-on-year[4]. - Total operating revenue for Q3 2022 was CNY 3,125,538,300.50, a decrease of 9.9% compared to CNY 3,469,707,559.80 in the same period last year[18]. - Net profit for Q3 2022 was CNY 160,415,798.13, a decline of 74.0% compared to CNY 616,591,306.55 in Q3 2021[19]. - Total comprehensive income for the period was CNY 162,327,889.38, a decrease from CNY 616,587,111.37 in the previous period[20]. - Basic and diluted earnings per share were both CNY 0.27, down from CNY 0.93 in the same period last year[20]. Assets and Liabilities - Total assets at the end of the period were ¥5,028,531,812.00, down 4.23% from the end of the previous year[4]. - Total assets decreased to CNY 5,028,531,812.00 from CNY 5,250,366,452.34, reflecting a decline of 4.2%[17]. - Total liabilities decreased to CNY 1,230,100,100.18 from CNY 1,546,671,670.54, a reduction of 20.5%[17]. - The company’s equity attributable to shareholders increased to CNY 3,562,635,991.55 from CNY 3,446,853,029.38, an increase of 3.4%[17]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥6,433,711.96, a significant decrease of 98.63% compared to the same period last year[10]. - Cash inflow from operating activities totaled CNY 2,974,766,425.92, compared to CNY 3,228,991,565.46 in the previous year[22]. - Net cash flow from operating activities was CNY 6,433,711.96, significantly lower than CNY 470,028,012.06 in the previous year[22]. - Net cash outflow from investing activities was CNY 101,144,870.05, compared to a net outflow of CNY 21,084,534.53 in the previous year[22]. - Net cash outflow from financing activities was CNY 197,582,747.80, an improvement from CNY 504,033,248.68 in the previous year[23]. - The ending balance of cash and cash equivalents was CNY 194,308,049.21, up from CNY 159,921,945.26 in the previous year[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 35,141[11]. - Wuhan New Energy Industry Development Co., Ltd. holds 16.69% of shares, totaling 113,363,924 shares[11]. - Xinyu Haoyue Information Technology Co., Ltd. holds 10.47% of shares, totaling 71,138,276 shares, with 26,880,000 shares pledged[11]. Operational Changes - The company reported a 601.22% increase in credit impairment losses, amounting to ¥6,377,642.58[9]. - The company experienced a 126.81% increase in construction in progress, totaling ¥149,886,745.15, due to upgrades in production facilities[7]. - The company’s financial expenses decreased by 31.22% to ¥15,514,533.80, attributed to loan repayments and lower interest rates[8]. - The company’s investment income showed a significant decline of 210.37%, resulting in a loss of ¥2,312,647.35[8]. - Research and development expenses for the quarter were CNY 81,376,871.21, down 23.8% from CNY 106,811,278.39 in the previous year[19]. Current Assets - The total current assets as of September 30, 2022, amount to 2,027,490,842.14 RMB, a decrease from 2,268,290,715.12 RMB at the beginning of the year[15]. - Cash and cash equivalents decreased from 535,938,443.73 RMB to 200,143,856.59 RMB during the same period[15]. - Accounts receivable increased from 432,496,054.64 RMB to 536,001,107.20 RMB[15]. - Inventory increased from 533,821,315.61 RMB to 597,173,978.09 RMB[15]. - Long-term equity investments increased from 33,137,699.03 RMB to 45,814,641.82 RMB[15]. - The company held 50,000,000.00 RMB in other equity instrument investments, unchanged from the beginning of the year[15].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,177,916,025.46, a decrease of 5.02% compared to the same period last year[12]. - The net profit attributable to shareholders of the listed company was ¥171,482,789.93, down 57.91% year-on-year[12]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥155,715,955.24, a decline of 61.10% compared to the previous year[12]. - The net cash flow from operating activities was -¥6,417,766.89, a decrease of 102.93% compared to the same period last year[12]. - Basic earnings per share were ¥0.25, down 58.33% from ¥0.60 in the previous year[12]. - The total assets at the end of the reporting period were ¥5,093,946,042.25, a decrease of 2.98% from the end of the previous year[12]. - The weighted average return on net assets was 4.85%, down 8.44% from 13.29% in the previous year[12]. - The company reported a total revenue of 2,177.92 million yuan, a year-on-year decline of 5.02%[20]. - The net profit attributable to the parent company was 171.48 million yuan, down 57.91% year-on-year[20]. Segment Performance - The chemical segment generated revenue of 1,849.36 million yuan, with a net profit of 121.87 million yuan, reflecting a revenue decline of 3.66% and a net profit decline of 62.13%[20]. - The military segment achieved revenue of 296.75 million yuan, with a net profit of 62.84 million yuan, showing a revenue decline of 11.79% and a net profit decline of 36.48%[20]. - The electronic segment reported revenue of 31.81 million yuan, with a net loss of 13.23 million yuan, indicating a revenue decline of 14.04%[20]. Strategic Focus - The company is focusing on the semiconductor and basic chemical raw materials sectors, with a strategic direction of developing three major sectors: chemicals, military, and electronics[17]. - The company aims to deepen its technology transformation strategy in the civilian market, particularly in the Beidou satellite positioning and communication RF sectors[22]. - The company is committed to becoming a technology platform-type listed company in Hubei, leveraging its advantages in the integrated circuit field[23]. - The company has established three R&D centers in Chengdu, Shanghai, and Shenyang to enhance its capabilities in the special chip market[21]. Investment and Financing - The total investment during the reporting period was 450,000,000.00 yuan, a 100% increase compared to the same period last year[38]. - The company made a significant equity investment of 450,000,000.00 yuan in Jiangxi Chlor-Alkali Chemical Co., Ltd., acquiring a 100% stake[39]. - A strategic cooperation agreement was signed with China Merchants Bank, providing a loan limit of up to RMB 6 billion for daily operations and project investments[71]. - The company intends to apply for a comprehensive credit limit of up to RMB 1 billion from financial institutions, with guarantees from its subsidiaries totaling RMB 680 million and RMB 320 million, respectively[72]. Environmental and Regulatory Compliance - The company has a wastewater treatment facility with a design capacity of 1,500 tons/hour, which is currently operating normally and meets discharge standards for TOC and ammonia nitrogen[50]. - The company’s self-owned coal-fired power plant's environmental facilities are functioning properly, achieving ultra-low emissions standards for sulfur dioxide and nitrogen oxides[51]. - The company is committed to increasing investment in environmental protection equipment and personnel to comply with evolving national policies[44]. - The company has established emergency response plans for potential environmental incidents to ensure rapid and organized responses[52]. - The company has implemented an environmental self-monitoring plan for 2022 to manage pollutant emissions and comply with regulatory requirements[54]. Shareholder Information - The total number of shares before the recent change was 679,156,000, with 99.65% being unrestricted shares[73]. - The largest shareholder, Wuhan New Energy Industrial Development Co., Ltd., holds 16.69% of the shares, totaling 113,363,924 shares[77]. - The total number of common stock shareholders at the end of the reporting period was 37,589[77]. - The report indicates that there are no known relationships or concerted actions among the top ten shareholders[78]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the reporting period were 401,097,615.17 yuan, a decrease of 2.34% from the previous year[34]. - The company reported a total cash inflow from operating activities of CNY 2,007,295,819.49, slightly up from CNY 1,996,383,379.27 in the first half of 2021[96]. - The total cash outflow from operating activities was CNY 2,013,713,586.38, an increase from CNY 1,777,223,304.06 in the same period of 2021[96]. - The cash inflow from operating activities was 256,757,344.58 CNY, significantly lower than 1,722,859,105.55 CNY in the first half of 2021[99]. Risk Factors - The company faces risks from macroeconomic changes, raw material price fluctuations, intensified industry competition, and new business expansions[3]. - The company faced industry volatility risks, particularly in traditional chemical sectors, with caustic soda prices rising while epoxy propane and polyether prices continued to decline[44]. - The company plans to closely monitor industry changes and implement flexible sales policies to mitigate performance fluctuations in the chemical sector[44]. Corporate Governance - The financial report was approved by the board of directors on August 16, 2022[112]. - The company has maintained its ability to continue as a going concern for at least 12 months from the reporting date[113]. - The financial statements comply with the requirements of the "Enterprise Accounting Standards" and reflect the company's financial position as of June 30, 2022[115].

Financial Performance - The company's revenue for Q1 2022 was ¥1,048,321,256.16, a decrease of 10.52% compared to the same period last year[4] - Net profit attributable to shareholders was ¥90,310,509.00, down 57.43% year-on-year[4] - Basic earnings per share decreased by 58.06% to ¥0.13[4] - Net profit for Q1 2022 was ¥81,955,098.02, down 61.4% from ¥212,174,999.92 in Q1 2021[18] - Total profit for Q1 2022 was ¥91,557,044.89, down from ¥251,843,126.61 in the previous year[18] Cash Flow - The net cash flow from operating activities was -¥96,356,710.44, representing a decline of 208.24% compared to the previous year[4] - Cash flow from operating activities was ¥911,643,899.85, a decrease from ¥1,000,122,234.93 in Q1 2021[20] - Total cash inflow from operating activities was 935,519,057.09, compared to 1,014,698,618.49 in the same period last year[21] - Cash outflow for operating activities totaled 1,031,875,767.53, up from 925,680,243.88 year-over-year[21] - The net cash flow from investing activities was -¥14,915,708.53, a decrease of 34.58% compared to the previous year[9] - Cash inflow from investing activities was 183,191,215.77, significantly higher than 35,544,674.86 in the previous year[21] - Cash outflow for investing activities was 198,106,924.30, compared to 46,628,151.41 in the same period last year[21] - The net cash flow from financing activities was -23,868,801.13, a decrease from -122,433,634.18 year-over-year[22] - Total cash inflow from financing activities was 9,100,000.00, down from 25,200,000.00 in the previous year[22] - The ending balance of cash and cash equivalents was 350,761,416.25, compared to 170,655,058.74 at the end of the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,210,460,147.76, a decrease of 0.76% from the end of the previous year[4] - The total current assets decreased from RMB 2,268,290,715.12 to RMB 2,239,442,092.23, a decline of approximately 1.3%[14] - Cash and cash equivalents decreased from RMB 535,938,443.73 to RMB 422,261,416.25, representing a decrease of about 21.2%[14] - Accounts receivable increased from RMB 432,496,054.64 to RMB 521,557,555.52, an increase of approximately 20.6%[14] - Inventory increased from RMB 533,821,315.61 to RMB 565,821,403.70, reflecting an increase of about 6%[14] - Total liabilities decreased from RMB 1,546,671,670.54 to RMB 1,423,663,157.47, a reduction of approximately 7.9%[16] - The total equity increased from RMB 3,703,694,781.80 to RMB 3,786,796,990.29, an increase of about 2.2%[16] - The company's short-term borrowings increased from RMB 484,919,838.87 to RMB 515,080,013.14, an increase of approximately 6.5%[15] - The accounts payable decreased slightly from RMB 266,147,167.05 to RMB 262,636,030.57, a decrease of about 1.3%[15] - The company's retained earnings increased from RMB 1,691,435,856.83 to RMB 1,781,746,365.83, an increase of approximately 5.3%[16] - The long-term equity investments increased from RMB 33,137,699.03 to RMB 42,741,512.10, reflecting an increase of about 28.9%[14] Research and Development - Research and development expenses were ¥20,279,672.67, down 42.95% year-on-year due to a reduction in new R&D projects[8] - Research and development expenses decreased to ¥20,279,672.67, a reduction of 43% compared to ¥35,547,499.28 in the previous year[18] Other Financial Metrics - The company reported a significant increase in credit impairment losses, which rose by 560.80% to ¥4,951,915.35[8] - Tax expenses for Q1 2022 were ¥9,601,946.87, significantly lower than ¥39,668,126.69 in Q1 2021[18] - Other comprehensive income after tax for Q1 2022 was -¥452,529.25, compared to ¥216,835.92 in the same period last year[19] - The company reported an investment income of ¥186,664.49, recovering from a loss of -¥1,054,277.30 in the previous year[18] Audit Status - The report for the first quarter was not audited[23]

Financial Performance - The company reported a profit distribution plan of 1.00 RMB per 10 shares for all shareholders, based on a total of 679,156,000 shares[2]. - The company's operating revenue for 2021 was ¥4,858,570,751.27, representing a 37.38% increase compared to ¥3,536,491,591.91 in 2020[12]. - Net profit attributable to shareholders for 2021 reached ¥732,306,304.55, a significant increase of 210.04% from ¥236,199,051.69 in 2020[12]. - The net profit after deducting non-recurring gains and losses was ¥694,516,909.51, up 183.72% from ¥244,791,387.34 in the previous year[12]. - The diluted earnings per share for 2021 was ¥1.08, a 217.65% increase from ¥0.34 in 2020[13]. - The company's total assets at the end of 2021 were ¥5,250,366,452.34, an 8.73% increase from ¥4,828,881,400.27 at the end of 2020[13]. - The net assets attributable to shareholders increased by 19.79% to ¥3,446,853,029.38 from ¥2,877,342,632.39 in 2020[13]. - The company achieved a total revenue of CNY 4.86 billion in 2021, representing a year-on-year growth of 37.38%, with a net profit attributable to the parent company of CNY 732 million, up 210.04%[40]. - The company reported a significant increase in R&D expenses, totaling 125,374,022.24 yuan, which is a 106.67% increase compared to 2020[54]. - The company reported a total distributable profit of 1,221,042,397.46 yuan, with the cash dividend representing 100% of the total profit distribution[111]. Strategic Direction - The strategic direction has been adjusted to focus on three main sectors: chemical, military, and electronics, with an emphasis on strengthening the electronics sector[10]. - The company has committed to a comprehensive development strategy that integrates its chemical, military, and electronics sectors[10]. - The company aims to leverage its position as a leading chlor-alkali chemical enterprise in Northeast China to benefit from the national supply-side reform policies[37]. - The company is focused on expanding its presence in the Beidou satellite navigation and communication RF sectors, with ongoing investments in civilian electronics[35]. - The company is committed to building a technology platform-type listed company in Hubei, leveraging local advantages in the integrated circuit sector[36]. Sector Performance - The chemical segment generated revenue of CNY 4.06 billion, with a net profit of CNY 618 million, marking a revenue increase of 41.41% and a net profit growth of 367.02%[40]. - The military segment reported revenue of CNY 696 million, with a net profit of CNY 156 million, reflecting an 8.35% increase in revenue and a 41.26% rise in net profit[40]. - The electronic segment's revenue reached CNY 105 million, but incurred a net loss of CNY 42.44 million, despite a significant revenue increase of 319.84%[40]. Risks and Challenges - The company faces risks related to macroeconomic changes, raw material price fluctuations, intensified industry competition, and new business expansions[2]. - The company faces risks from industry fluctuations and policy changes, and it plans to closely monitor market demands and adjust its sales policies accordingly[76]. Governance and Management - The company has established a robust governance structure, with independent directors and a complete management system in place[83]. - The company has a complete and independent production operation system, with all operational assets acquired and owned by the company[80]. - The company has established a comprehensive financial management system to ensure operational independence[80]. - The company has implemented a talent management strategy focusing on young professionals to enhance innovation and operational efficiency[39]. - The company has a structured approach to external investment management, focusing on legal, prudent, and effective investment practices[115]. Environmental and Safety Measures - The company has committed to enhancing safety and environmental protection measures, increasing investments in safety and environmental facilities[74]. - The company has established a wastewater treatment facility with a design capacity of 1,500 tons per hour, which is currently operating normally and meets discharge standards for TOC and ammonia nitrogen[122]. - The company’s self-owned coal-fired power plant's environmental protection facilities are functioning properly, achieving ultra-low emission standards for sulfur dioxide and nitrogen oxides[123]. - The company has implemented an environmental self-monitoring plan to manage pollutant emissions and comply with regulatory requirements[125]. Research and Development - The company reported a significant increase in R&D expenses, totaling 125,374,022.24 yuan, which is a 106.67% increase compared to 2020[54]. - The company completed the development of the TRUE-D30 integrated monitoring receiver, with mass production currently underway, aiming to enhance market share in the deformation safety monitoring sector[56]. - The company is developing a new low-cost, low-power integrated monitoring receiver, which is expected to significantly improve production efficiency and product yield[56]. Shareholder and Equity Management - The company repurchased and canceled 1.2 million restricted shares, affecting the shareholding of the chairman, Cai Weidong[83]. - The company has established a comprehensive remuneration policy for management, ensuring compliance with national laws and regulations[107]. - The company has a total of 682,614,000 shares for the semi-annual dividend distribution, with a cash dividend of 1.2 yuan per 10 shares, totaling 81.91 million yuan[109]. - The company has a total of 1,050,000 in restricted shares repurchased from various executives, indicating a strategic move to manage equity compensation[84]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[89]. - The company plans to enhance its market competitiveness and expand its business through the development of new technologies and products[55]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[89].