Group 1: Event Details - The company will participate in the 2020 Annual Investor Online Reception Day on June 12, 2020, from 15:50 to 17:00 [2] - The event will be held online via a platform provided by Shenzhen Panorama Network Co., Ltd. [2] - Investors can join the event through the Hebei Listed Companies Investor Relations Interactive Platform [2] Group 2: Company Representatives - The attendees from the company include Mr. Du Linhu, Vice President and Board Secretary, and Ms. Yang Qiuping, Chief Financial Officer [2] - The company encourages active participation from investors [2] Group 3: Commitment to Transparency - The company and its board members guarantee that the information disclosed is true, accurate, complete, and free from misleading statements or significant omissions [2]

Financial Performance - The company's operating revenue for Q1 2020 was ¥645,956,365.30, a decrease of 3.47% compared to the same period last year[2]. - Net profit attributable to shareholders was ¥190,083,589.94, representing an increase of 183.41% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥175,953,507.84, up 366.67% from the previous year[2]. - The basic earnings per share for the period was ¥0.3132, an increase of 183.44% compared to the same period last year[2]. - The weighted average return on equity rose to 4.44%, an increase of 2.69 percentage points year-on-year[2]. - The total comprehensive income for Q1 2020 was ¥192,991,354.69, compared to ¥62,281,541.12 in Q1 2019, showing a substantial increase[29]. - The company expects net profit attributable to shareholders for the first half of 2020 to range from ¥26,991.71 million to ¥32,775.64 million, representing a year-on-year increase of 40% to 70%[16]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,806,193,838.99, a slight increase of 0.29% from the end of the previous year[2]. - Net assets attributable to shareholders increased by 4.52% to ¥4,377,456,044.58 compared to the end of the previous year[2]. - The balance of long-term borrowings increased by 33.71% to ¥95,200,000.00, mainly due to the increase in special borrowings for the Chengdu R&D center project[9]. - Total liabilities decreased to CNY 2,425,082,216.63 from CNY 2,593,708,995.01, indicating improved financial health[64]. - The company's equity attributable to shareholders increased to CNY 4,377,456,044.58 from CNY 4,188,221,621.10, showing a positive trend in retained earnings[64]. Cash Flow - The net cash flow from operating activities was -¥281,065,498.90, an improvement of 9.28% compared to the previous year[2]. - Cash flow from operating activities for Q1 2020 was -¥281,065,498.90, an improvement from -¥309,810,011.05 in the same period last year[32]. - Cash inflow from investment activities was ¥327,508,210.73, compared to ¥46,026,999.81 in Q1 2019, indicating a significant increase[32]. - The net cash flow from investment activities was CNY 108,086,911.56, an increase of 315.37% year-on-year, mainly due to the recovery of loans from Xi'an Unisoc[51]. - The net cash flow from financing activities was CNY 152,783,203.94, an increase of 111.93% year-on-year, driven by increased funding needs for the integrated circuit business and additional bank loans[51]. Research and Development - Research and development expenses for the reporting period amounted to ¥107,253,492.30, an increase of 230.10% year-on-year, mainly due to the increase in capitalized R&D expenditures[10]. - R&D expenses increased significantly to CNY 107,253,492.30, up 230.5% from CNY 32,491,656.72 in Q1 2019[28]. - The company plans to continue focusing on R&D and market expansion to drive future growth[68]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 101,683[5]. - The company's total number of ordinary shareholders at the end of the reporting period was 101,683, with the top 10 shareholders holding 36.39% of the shares[45]. Investment and Income - The company reported non-recurring gains of ¥14,130,082.10 during the reporting period[3]. - Investment income for the reporting period was ¥21,123,712.53, an increase of 474.95% year-on-year, primarily due to the sale of Huahong Semiconductor stocks and increased investment income from joint ventures[11]. - The company reported a significant increase in investment income to CNY 21,123,712.53 from CNY 3,674,032.62, indicating better performance in investments[68]. Compliance and Governance - The company reported no entrusted financial management or derivative investments during the reporting period[19]. - There were no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[19]. - The company has not undergone an audit for the Q1 2020 report[40].

[Important Notice, Table of Contents, and Definitions](index=2&type=section&id=Important%20Notice%2C%20Table%20of%20Contents%2C%20and%20Definitions) [Important Notice](index=2&type=section&id=Important%20Notice) The company's board of directors, supervisory board, and senior management ensure the annual report's truthfulness and completeness, with all directors approving the 2019 profit distribution plan - The company's 2019 profit distribution plan proposes a cash dividend of **CNY 0.68 per 10 shares** (tax inclusive) based on the year-end total share capital of **606,817,968 shares**, with no bonus shares or capital increase from provident funds[2](index=2&type=chunk) [Definitions](index=4&type=section&id=Definitions) This section defines key terms and abbreviations used in the report, including company entities, related parties, industry terms, and legal documents, providing a foundational understanding [Company Profile and Key Financial Indicators](index=5&type=section&id=Company%20Profile%20and%20Key%20Financial%20Indicators) [Company Information](index=5&type=section&id=Company%20Information) Unigroup Guoxin Microelectronics Co., Ltd. (stock code: 002049) is listed on the Shenzhen Stock Exchange, with its main business evolving from piezoelectric quartz crystal components to integrated circuits - The company's main business has expanded from piezoelectric quartz crystal components to the LED industry, and then to integrated circuits through a major asset restructuring in 2012[9](index=9&type=chunk) - The company's controlling shareholder changed from Tongfang Co., Ltd. to Tibet Unigroup Chunhua Investment Co., Ltd. in April 2016, while the actual controller, Tsinghua Holdings Co., Ltd., remained unchanged[9](index=9&type=chunk) [Key Accounting Data and Financial Indicators](index=6&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In 2019, the company achieved significant performance growth, with operating revenue up 39.54% and net profit attributable to shareholders up 16.61%, indicating strong core business profitability 2019 Annual Key Financial Indicators | Indicator | 2019 | 2018 | YoY Change | | :--- | :--- | :--- | :--- | | **Operating Revenue (CNY)** | 3,430,409,964.80 | 2,458,423,475.06 | 39.54% | | **Net Profit Attributable to Shareholders (CNY)** | 405,761,782.09 | 347,973,762.41 | 16.61% | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items) (CNY)** | 386,750,154.29 | 195,142,278.58 | 98.19% | | **Net Cash Flow from Operating Activities (CNY)** | 265,928,883.56 | 318,642,793.88 | -16.54% | | **Basic Earnings Per Share (CNY/share)** | 0.6687 | 0.5734 | 16.62% | | **Weighted Average Return on Net Assets** | 10.15% | 9.56% | Increased by 0.59 percentage points | | **Total Assets (CNY)** | 6,786,465,319.76 | 5,726,022,465.44 | 18.52% | | **Net Assets Attributable to Shareholders (CNY)** | 4,188,221,621.10 | 3,794,380,450.30 | 10.38% | [Quarterly Key Financial Indicators](index=7&type=section&id=Quarterly%20Key%20Financial%20Indicators) The company's 2019 operating revenue showed sequential growth, with net profit peaking in Q3, while operating cash flow fluctuated significantly, achieving a large net inflow in Q4 2019 Quarterly Key Financial Indicators (CNY) | Indicator | Q1 | Q2 | Q3 | Q4 | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | 669,142,960.93 | 889,942,527.28 | 929,921,907.16 | 941,402,569.43 | | **Net Profit Attributable to Shareholders** | 67,069,015.34 | 125,728,840.09 | 172,281,766.95 | 40,682,159.71 | | **Net Cash Flow from Operating Activities** | -309,810,011.05 | 138,521,521.57 | -67,408,638.92 | 504,626,011.96 | [Non-recurring Gains and Losses and Amounts](index=7&type=section&id=Non-recurring%20Gains%20and%20Losses%20and%20Amounts) In 2019, the company's non-recurring gains and losses totaled **CNY 19.01 million**, a significant decrease from 2018, primarily influenced by asset disposal gains, government grants, and other non-operating net income 2019 Non-recurring Gains and Losses (CNY) | Item | 2019 Amount | | :--- | :--- | | Non-current asset disposal gains and losses | 20,360,502.87 | | Government grants recognized in current profit and loss | 45,000,378.95 | | Gains and losses from entrusted investments or asset management | 645,011.63 | | Fair value changes from trading financial assets, etc. | 7,847,624.29 | | Other non-operating income and expenses | -51,411,304.54 | | Less: Income tax impact | 2,974,473.80 | | Less: Impact on minority interests (after tax) | 456,111.60 | | **Total** | **19,011,627.80** | [Business Overview](index=8&type=section&id=Business%20Overview) [Main Business](index=8&type=section&id=Main%20Business) The company's core business involves integrated circuit chip design and sales, covering smart security chips, special integrated circuits, and memory chips, complemented by quartz crystal components - The company's main business focuses on three chip areas: smart security chips, special integrated circuits, and memory chips, handled by its subsidiaries Tongxin Microelectronics, Shenzhen Guoxin Microelectronics, and Xi'an Unigroup Guoxin, respectively[17](index=17&type=chunk) - During the reporting period, the company transferred **76%** of its equity in Xi'an Unigroup Guoxin, reducing its stake to **24%**, and the company will no longer be included in the consolidated financial statements starting from 2020[17](index=17&type=chunk) [Significant Changes in Major Assets](index=8&type=section&id=Significant%20Changes%20in%20Major%20Assets) Major asset changes in the reporting period primarily involved equity asset variations, with the sale of **76%** of Xi'an Unigroup Guoxin's equity leading to a change in accounting method and a significant increase in construction in progress - Significant changes occurred in equity assets: due to the sale of **76%** equity in Xi'an Unigroup Guoxin, the company is no longer included in consolidated statements, and the accounting method for related long-term equity investments changed from cost method to equity method[18](index=18&type=chunk) - Construction in progress significantly increased, with continuous investment of **CNY 202.96 million** during the reporting period[18](index=18&type=chunk) [Core Competitiveness Analysis](index=8&type=section&id=Core%20Competitiveness%20Analysis) The company's core competitiveness stems from its talent, technology, R&D innovation, comprehensive product qualifications, and extensive market channels, enabling strong market presence and continuous product development - The company possesses an excellent technical, R&D, and management team with extensive experience in digital, analog, and mixed-signal integrated circuit design[19](index=19&type=chunk) - Significant R&D innovation achievements: **148** new patent applications and **70** new authorized patents during the reporting period; new-generation high-performance security chips and biometric security chips won CITE2019 Innovation Award and “China Chip” Excellent Technology Innovation Product Award, respectively[20](index=20&type=chunk) - The company's products are fully qualified, with smart security chips passing multiple domestic and international authoritative certifications, including UnionPay, National Cryptography Level 2, and international SOGIS CC EAL5+; THD89 series products obtained AEC-Q100 automotive-grade certification, successfully entering the automotive electronics field[20](index=20&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Management%20Discussion%20and%20Analysis) [Overview of Operating Performance](index=10&type=section&id=Overview%20of%20Operating%20Performance) In 2019, the company capitalized on integrated circuit industry opportunities, focusing on strategy, technological innovation, and new business expansion, achieving **CNY 3.43 billion** in operating revenue and **CNY 405.76 million** in net profit attributable to shareholders 2019 Key Performance Indicators | Indicator | 2019 Amount (CNY million) | YoY Growth | | :--- | :--- | :--- | | **Operating Revenue** | 343,041.00 | 39.54% | | **Net Profit Attributable to Shareholders** | 40,576.18 | 16.61% | | **Total Assets** | 678,646.53 | 18.52% | | **Owners' Equity Attributable to Shareholders** | 418,822.16 | 10.38% | - The company's business structure is primarily integrated circuits, which generated **CNY 3.24 billion** in operating revenue, accounting for **94.55%** of total revenue; crystal business generated **CNY 168 million**, accounting for **4.91%**[21](index=21&type=chunk) [Main Business Analysis](index=10&type=section&id=Main%20Business%20Analysis) During the reporting period, the company's integrated circuit business maintained rapid growth, enhancing overall competitiveness and profitability, with significant growth across smart security, special integrated circuits, and memory chips, complemented by a recovering crystal business [Smart Security Chip Business](index=10&type=section&id=Smart%20Security%20Chip%20Business) In 2019, the smart security chip business achieved **CNY 1.32 billion** in revenue with rapid growth in sales, maintaining strong positions in traditional markets while expanding into innovative areas like eSIM, IoT, 5G Super SIM, and automotive electronics - Smart security chip business achieved annual operating revenue of **CNY 1.32 billion**, with product sales volume and revenue continuing to grow rapidly[23](index=23&type=chunk) - In the smart card security chip sector, high-end SIM card overseas shipments significantly increased, and deep cooperation with China Unicom on eSIM business was established; financial payment security products became the biggest highlight of annual performance growth, with a leading market share in domestic bank IC card chips[24](index=24&type=chunk)[25](index=25&type=chunk) - In the smart terminal security chip sector, explosive demand from ETC projects led to a surge in contactless reader and terminal security chip shipments; concurrently, the company strategically expanded into innovative businesses such as 5G Super SIM cards, automotive electronics (THD89 series obtained AEC-Q100 automotive-grade certification), and smart door locks, showing strong growth momentum[26](index=26&type=chunk) [Special Integrated Circuit Business](index=11&type=section&id=Special%20Integrated%20Circuit%20Business) In 2019, the special integrated circuit business entered a high-growth phase, exceeding **CNY 1 billion** in annual revenue with synchronized growth in output and profit, driven by successful new product development and strong market penetration, including applications in the C919 aircraft - Special integrated circuit business achieved annual operating revenue exceeding **CNY 1 billion**, realizing high-speed growth[27](index=27&type=chunk) - New product R&D progressed smoothly, with over **40** chips completing sample development and another **40+** passing qualification tests[27](index=27&type=chunk) - Special FPGA products hold a high domestic market share, and network, bus, and driver products have been successfully applied in the domestic C919 aircraft[27](index=27&type=chunk)[28](index=28&type=chunk) [Memory Chip Business](index=12&type=section&id=Memory%20Chip%20Business) Despite a full-year price decline in the DRAM market in 2019, the company's memory chip business achieved counter-trend growth, with revenue reaching **CNY 843 million**, up over **30%**, driven by steady shipments of DRAM chips and modules for servers and PCs, and successful support for domestic CPU industrialization - Amidst the DRAM market's price decline cycle, the company's memory chip business achieved revenue of **CNY 843 million**, growing over **30%** year-on-year[29](index=29&type=chunk) - Mature DDR3 module series products successfully supported the large-scale industrialization of domestic CPU series products, establishing the company as a major supplier of domestic DRAM memory[29](index=29&type=chunk) [Semiconductor Power Device Business](index=12&type=section&id=Semiconductor%20Power%20Device%20Business) Despite a downturn in the semiconductor power device market, the company's continuous R&D investment and market presence in high-voltage super-junction MOSFETs and mid-low voltage MOSFETs enabled its sales to maintain rapid growth and enhance market influence - The company's semiconductor power device business focuses on the R&D and sales of advanced semiconductor power devices, with products covering high-voltage super-junction MOSFETs, mid-low voltage SGT/TRENCH MOSFETs, VDMOS, and IGBTs[30](index=30&type=chunk) [Reconfigurable System-on-Chip Business](index=12&type=section&id=Reconfigurable%20System-on-Chip%20Business) During the reporting period, the company's FPGA chip R&D progressed smoothly, forming a complete CPLD product series and initiating next-generation high-performance FPGA development, with Titan, Logos, and Compact series achieving bulk shipments and over **CNY 100 million** in annual sales - FPGA chip business achieved annual sales exceeding **CNY 100 million**, with bulk shipments to communication, industrial control, and consumer markets[31](index=31&type=chunk) [Crystal Business](index=12&type=section&id=Crystal%20Business) In 2019, the crystal business experienced fluctuating market conditions but sustained declining product prices; the company sold **330 million units** of crystal components, generating **CNY 168 million** in revenue and **CNY 15.36 million** in net profit through lean production and new market expansion 2019 Crystal Business Key Data | Indicator | Data | | :--- | :--- | | Sales Volume | 330 million units | | Sales Revenue | CNY 168 million | | Net Profit | CNY 15.36 million | [Revenue and Cost Analysis](index=13&type=section&id=Revenue%20and%20Cost%20Analysis) In 2019, total revenue reached **CNY 3.43 billion**, up **39.54%**, primarily driven by integrated circuit business growth of **41.20%**, with special integrated circuits showing the fastest growth at **75.30%** and a high gross margin of **74.35%** 2019 Operating Revenue Composition (by Product) | Product | Operating Revenue (CNY) | Share of Total Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Smart Security Chip | 1,321,229,107.17 | 38.52% | 27.50% | | Special Integrated Circuit | 1,079,271,872.04 | 31.46% | 75.30% | | Memory Chip | 842,874,058.03 | 24.57% | 30.67% | | Crystal Components | 168,453,101.57 | 4.91% | 7.43% | 2019 Main Product Gross Margin | Product | Gross Margin | YoY Change in Gross Margin | | :--- | :--- | :--- | | Smart Security Chip | 22.27% | -2.33 percentage points | | Special Integrated Circuit | 74.35% | +7.88 percentage points | | Memory Chip | 11.27% | +3.65 percentage points | | Crystal Components | 18.45% | +2.83 percentage points | - Integrated circuit product sales volume increased by **33.97%** year-on-year, which was the main reason for the company's revenue growth; electronic component inventory increased by **55.79%** year-on-year to meet market demand[35](index=35&type=chunk) [Expense Analysis](index=16&type=section&id=Expense%20Analysis) In 2019, the company's expenses significantly increased, with sales expenses up **51.92%**, administrative expenses up **49.00%** due to restructuring fees and personnel costs, and financial expenses surging **29741.60%** due to cash discounts and exchange losses 2019 Expense Changes (CNY) | Expense Item | 2019 | 2018 | YoY Change | Explanation of Significant Change | | :--- | :--- | :--- | :--- | :--- | | Sales Expenses | 140,477,222.14 | 92,464,972.85 | 51.92% | Primarily due to increased personnel and marketing expenses | | Administrative Expenses | 205,011,316.12 | 137,589,737.30 | 49.00% | Primarily due to increased major asset restructuring intermediary fees and personnel expenses | | Financial Expenses | 29,078,170.90 | -98,099.18 | 29,741.60% | Primarily due to increased cash discounts and exchange losses | | R&D Expenses | 201,839,340.13 | 223,747,530.50 | -9.79% | No significant change | [R&D Investment Analysis](index=16&type=section&id=R%26D%20Investment%20Analysis) In 2019, the company increased R&D investment to **CNY 575.47 million**, up **16.99%**, with R&D personnel growing to **1,133**, representing **51.69%** of total employees, and a higher capitalization ratio of R&D expenditures 2019 R&D Investment Overview | Indicator | 2019 | 2018 | Change Percentage | | :--- | :--- | :--- | :--- | | R&D Personnel (people) | 1,133 | 978 | 15.85% | | R&D Investment Amount (CNY) | 575,472,092.33 | 491,903,967.90 | 16.99% | | R&D Investment as % of Operating Revenue | 16.78% | 20.01% | -3.23 percentage points | | Capitalized R&D Investment Amount (CNY) | 311,450,443.38 | 228,633,054.96 | 36.22% | | Capitalized R&D Investment as % of Total R&D Investment | 54.12% | 46.48% | +7.64 percentage points | [Cash Flow Analysis](index=16&type=section&id=Cash%20Flow%20Analysis) In 2019, operating cash flow decreased by **16.54%** due to increased working capital, investment cash outflow significantly rose due to construction and equity investments, while financing cash flow turned positive, reflecting increased debt financing for expansion 2019 Cash Flow Statement Key Items (CNY) | Item | 2019 | 2018 | YoY Change | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 265,928,883.56 | 318,642,793.88 | -16.54% | | Net Cash Flow from Investing Activities | -482,185,451.11 | -242,677,822.53 | -98.69% | | Net Cash Flow from Financing Activities | 260,581,501.15 | -20,708,514.99 | 1,358.33% | | Net Increase in Cash and Cash Equivalents | 38,625,212.80 | 67,057,464.05 | -42.40% | [Future Development Outlook](index=22&type=section&id=Future%20Development%20Outlook) The company anticipates a golden development period for China's integrated circuit industry driven by 5G, big data, and AI, planning to focus on chip design, seize market opportunities, and become a leading hard-tech enterprise centered on security chips - Industry Trends: The company is optimistic about the integrated circuit industry's development driven by 5G, big data, AI, and IoT applications, especially in smart security chips, special integrated circuits, and memory chips[67](index=67&type=chunk)[68](index=68&type=chunk)[69](index=69&type=chunk) - 2020 Development Plan: - Continuously advance technological innovation and product upgrades - Achieve key breakthroughs in innovative businesses such as 5G Super SIM cards, secure smart locks, and automotive electronics - Innovate services and expand into new markets and customer segments, particularly overseas clients - Implement refined management and promote company-wide cost reduction and efficiency improvement - Strengthen synergy with Unigroup Group entities, advance major asset restructuring, and accelerate global development[71](index=71&type=chunk)[72](index=72&type=chunk)[73](index=73&type=chunk)[74](index=74&type=chunk)[75](index=75&type=chunk)[76](index=76&type=chunk) [Significant Matters](index=25&type=section&id=Significant%20Matters) [Profit Distribution](index=25&type=section&id=Profit%20Distribution) The company's profit distribution plans for the past three years consistently feature cash dividends, with the 2019 proposal of **CNY 0.68 per 10 shares** totaling **CNY 41.26 million**, representing **10.17%** of net profit attributable to shareholders Cash Dividends Over the Past Three Years | Dividend Year | Cash Dividend Amount (Tax Inclusive, CNY) | Ratio to Net Profit Attributable to Ordinary Shareholders in Consolidated Statements | | :--- | :--- | :--- | | 2019 | 41,263,621.82 | 10.17% | | 2018 | 35,195,442.14 | 10.11% | | 2017 | 30,340,898.40 | 10.84% | [Changes in Accounting Policies](index=27&type=section&id=Changes%20in%20Accounting%20Policies) Effective January 1, 2019, the company adopted new financial instrument standards, shifting from "incurred loss" to "expected loss" models and adjusting financial asset classification, impacting opening retained earnings and other comprehensive income without requiring prior period restatement - The company adopted new financial instrument standards effective January 1, 2019, with key changes including: financial asset classification based on "business model" and "contractual cash flow characteristics"; financial asset impairment accounting changed from "incurred loss model" to "expected loss model"[86](index=86&type=chunk)[317](index=317&type=chunk) - The initial adoption of new financial instrument standards impacted the opening consolidated financial statements for 2019 as follows: other comprehensive income decreased by **CNY 23.72 million**, and retained earnings increased by **CNY 42.41 million**[91](index=91&type=chunk) [Changes in Consolidation Scope](index=29&type=section&id=Changes%20in%20Consolidation%20Scope) In 2019, the company's consolidation scope changed, adding four new subsidiaries and reducing three, primarily due to the establishment of new entities and the disposal of **76%** equity in Xi'an Unigroup Guoxin, which will no longer be consolidated from 2020 - This year, the consolidation scope increased by **4** entities (newly established Unigroup Qing Teng, Unigroup Xin Neng, Unigroup An Xin, and MARS TECHNOLOGY PTE. LTD.) and decreased by **3** entities (1 deregistered, disposal of Xi'an Unigroup Guoxin and its Hong Kong subsidiary)[38](index=38&type=chunk)[95](index=95&type=chunk)[96](index=96&type=chunk)[97](index=97&type=chunk) [Significant Related Party Transactions](index=31&type=section&id=Significant%20Related%20Party%20Transactions) During the reporting period, the company engaged in significant related party transactions, including routine procurement and sales with Unigroup Group entities, the transfer of **76%** equity in Xi'an Unigroup Guoxin to a related party, and joint bidding for land use rights in Beijing - The company transferred **76%** equity in Xi'an Unigroup Guoxin Semiconductor Co., Ltd. to related party Beijing Unigroup Storage Technology Co., Ltd. for **CNY 167.78 million**, constituting a related party transaction[107](index=107&type=chunk) - The company, along with Unigroup Group and other related parties, formed a consortium to successfully bid for land use rights in Haidian District, Beijing, for **CNY 6.61 billion**, and will jointly establish a project company for development, with the company's proposed total investment not exceeding **CNY 400 million**[108](index=108&type=chunk)[627](index=627&type=chunk) [Other Significant Matters](index=36&type=section&id=Other%20Significant%20Matters) During the reporting period, the company advanced several significant matters, including a major asset restructuring to acquire **100%** equity of Beijing Unigroup Liansheng Technology Co., Ltd., the termination of a 2015 private placement plan, and the actual controller's termination of a share transfer in Unigroup Group - The company is proceeding with a major asset restructuring to acquire **100%** equity of Beijing Unigroup Liansheng Technology Co., Ltd. through share issuance, which has been approved by the shareholders' meeting and submitted to the China Securities Regulatory Commission[120](index=120&type=chunk) - The company terminated its 2015 private placement of shares, which aimed to raise up to **CNY 80 billion** for memory chip factory construction and equity acquisitions[122](index=122&type=chunk) - The company's actual controller, Tsinghua Holdings, terminated the transfer of its **36%** stake in Unigroup Group to Shenzhen Investment Holdings Co., Ltd., with no change in the company's actual controller[123](index=123&type=chunk) [Share Changes and Shareholder Information](index=39&type=section&id=Share%20Changes%20and%20Shareholder%20Information) [Shareholders and Actual Controller](index=40&type=section&id=Shareholders%20and%20Actual%20Controller) As of year-end 2019, the company had **103,961** common shareholders; Tibet Unigroup Chunhua Investment Co., Ltd. is the controlling shareholder with **36.39%** stake, and Tsinghua Holdings Co., Ltd. remains the actual controller, ultimately controlled by the Ministry of Education Top Ten Shareholders' Holdings (as of year-end 2019) | Shareholder Name | Shareholder Type | Holding Percentage | Shares Held at Period End | | :--- | :--- | :--- | :--- | | Tibet Unigroup Chunhua Investment Co., Ltd. | State-owned Legal Person | 36.39% | 220,835,000 | | Tongfang Co., Ltd. | State-owned Legal Person | 1.99% | 12,079,298 | | Han Jun | Domestic Natural Person | 1.52% | 9,226,211 | | Central Huijin Asset Management Co., Ltd. | State-owned Legal Person | 1.50% | 9,121,700 | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 1.23% | 7,465,976 | | Gongqingcheng Qingjingwei Investment Management Partnership (Limited Partnership) | Domestic Non-state-owned Legal Person | 0.86% | 5,230,940 | | Yan Yongjiang | Domestic Natural Person | 0.77% | 4,687,220 | | Zhang Shiyun | Domestic Natural Person | 0.69% | 4,205,900 | | Agricultural Bank of China Co., Ltd. - CSI 500 ETF | Other | 0.68% | 4,106,147 | | Wang Ping | Domestic Natural Person | 0.60% | 3,630,000 | - The company's controlling shareholder is Tibet Unigroup Chunhua Investment Co., Ltd., the actual controller is Tsinghua Holdings Co., Ltd., and the ultimate controller is the Ministry of Education[138](index=138&type=chunk)[139](index=139&type=chunk)[141](index=141&type=chunk) [Directors, Supervisors, Senior Management, and Employees](index=44&type=section&id=Directors%2C%20Supervisors%2C%20Senior%20Management%2C%20and%20Employees) [Employee Information](index=49&type=section&id=Employee%20Information) As of the reporting period end, the company had **2,192** employees, with technical personnel comprising the largest group at **51.69%** (**1,133** employees), and over **63%** holding bachelor's degrees or higher, indicating a highly skilled workforce Employee Professional Composition and Education Level | Professional Composition | Number of People | Education Level | Number of People | | :--- | :--- | :--- | :--- | | Production Personnel | 651 | Master's Degree and Above | 690 | | Sales Personnel | 183 | Bachelor's Degree | 698 | | Technical Personnel | 1133 | Associate Degree and Below | 804 | | Financial Personnel | 76 | | | | Administrative Personnel | 149 | | | | **Total** | **2192** | **Total** | **2192** | [Corporate Bonds Information](index=57&type=section&id=Corporate%20Bonds%20Information) [Basic Information on Corporate Bonds](index=57&type=section&id=Basic%20Information%20on%20Corporate%20Bonds) In 2018, the company issued "18 Guoxin 01" bonds with a **CNY 300 million** balance, **5.28%** interest rate, and 5-year term, guaranteed by Unigroup Group, with **CNY 15.84 million** in interest paid during the reporting period "18 Guoxin 01" Bond Basic Information | Bond Abbreviation | 18 Guoxin 01 | | :--- | :--- | | Bond Code | 112708 | | Issue Date | May 21, 2018 | | Maturity Date | May 21, 2023 | | Bond Balance | CNY 300 million | | Interest Rate | 5.28% | - The corporate bond proceeds have been fully utilized, with **CNY 120 million** for project investment, **CNY 40 million** for debt repayment, and **CNY 140 million** for working capital supplementation[185](index=185&type=chunk) [Financial Report](index=60&type=section&id=Financial%20Report) [Audit Report](index=60&type=section&id=Audit%20Report) Beijing Xinghua Certified Public Accountants issued a standard unqualified audit opinion on the company's 2019 financial statements, confirming fair presentation of financial position, operating results, and cash flows, with key audit matters including impairment of accounts receivable, revenue recognition, and goodwill impairment - The audit firm, Beijing Xinghua Certified Public Accountants, issued a standard unqualified audit opinion[196](index=196&type=chunk)[197](index=197&type=chunk) - Key audit matters include: - **Impairment of accounts receivable**: Involves significant management accounting estimates and judgments - **Revenue recognition**: The occurrence and completeness of product sales revenue significantly impact operating results - **Goodwill impairment**: Goodwill is a significant amount, and its impairment or non-impairment can have a material impact on financial statements[199](index=199&type=chunk)[200](index=200&type=chunk) [Consolidated Financial Statements](index=64&type=section&id=Consolidated%20Financial%20Statements) This section presents the company's 2019 consolidated financial statements, including the balance sheet, income statement, cash flow statement, and statement of changes in owners' equity, comprehensively reflecting the financial position, operating results, and cash flows of the company and its subsidiaries Consolidated Balance Sheet Summary (December 31, 2019) | Item | Amount (CNY) | | :--- | :--- | | **Total Assets** | **6,786,465,319.76** | | Total Current Assets | 4,404,385,327.68 | | Total Non-current Assets | 2,382,079,992.08 | | **Total Liabilities** | **2,593,708,995.01** | | Total Current Liabilities | 1,618,282,363.03 | | Total Non-current Liabilities | 975,426,631.98 | | **Total Owners' Equity** | **4,192,756,324.75** | | Owners' Equity Attributable to Parent Company | 4,188,221,621.10 | Consolidated Income Statement Summary (2019) | Item | Amount (CNY) | | :--- | :--- | | **Total Operating Revenue** | **3,430,409,964.80** | | Total Operating Costs | 2,802,755,856.90 | | **Operating Profit** | **457,682,174.31** | | Total Profit | 456,169,977.58 | | **Net Profit** | **400,546,989.29** | | Net Profit Attributable to Parent Company Owners | 405,761,782.09 | [Notes to Consolidated Financial Statement Items](index=104&type=section&id=Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed explanations for each item in the consolidated financial statements, covering accounting policy application, composition, and reasons for changes, with key notes on cash, accounts receivable, inventory, long-term equity investments, fixed assets, construction in progress, intangible assets, goodwill, liabilities, and owners' equity [Accounts Receivable](index=105&type=section&id=Accounts%20Receivable) As of year-end 2019, the company's accounts receivable had a book balance of **CNY 1.34 billion**, with a provision for bad debts of **CNY 30.94 million**, resulting in a book value of **CNY 1.31 billion**, primarily from individual assessments and overdue portfolios Accounts Receivable Impairment Provision (Period End) | Category | Book Balance (CNY) | Bad Debt Provision (CNY) | Provision Rate (%) | | :--- | :--- | :--- | :--- | | Individually Assessed Credit Risk | 20,098,123.04 | 18,552,158.61 | 92.31 | | Overdue Accounts Receivable Portfolio | 126,012,210.51 | 10,118,587.89 | 8.03 | | Non-overdue Accounts Receivable Portfolio | 1,198,332,429.88 | 2,273,712.50 | 0.19 | | **Total** | **1,344,442,763.43** | **30,944,459.00** | **2.30** | [Inventory](index=108&type=section&id=Inventory) As of year-end 2019, the company's inventory book value was **CNY 864 million**, an increase from **CNY 789 million** at the beginning of the period, primarily composed of work-in-progress, finished goods, and raw materials, with a significant increase in inventory impairment provision to **CNY 84.42 million** Inventory Composition and Impairment Provision (Period End) | Item | Book Balance (CNY) | Impairment Provision (CNY) | Book Value (CNY) | | :--- | :--- | :--- | :--- | | Raw Materials | 182,260,244.42 | 24,274,501.23 | 157,985,743.19 | | Work-in-Progress | 334,531,955.78 | 23,640,623.65 | 310,891,332.13 | | Finished Goods | 269,789,810.76 | 36,501,703.66 | 233,288,107.10 | | Other | 161,811,403.23 | - | 161,811,403.23 | | **Total** | **948,393,413.89** | **84,416,828.54** | **863,976,585.35** | [Goodwill](index=114&type=section&id=Goodwill) As of year-end 2019, the company's goodwill book balance was **CNY 686 million**, a decrease of **CNY 121 million** due to the disposal of Xi'an Unigroup Guoxin, with the remaining goodwill entirely from the acquisition of Shenzhen Guoxin Microelectronics Co., Ltd., and no impairment found after testing - The period-end goodwill balance was **CNY 685.68 million**, entirely from the acquisition of Shenzhen Guoxin Microelectronics Co., Ltd[369](index=369&type=chunk) - Goodwill decreased by **CNY 121.01 million** this period due to the disposal of Xi'an Unigroup Guoxin Semiconductor Co., Ltd[369](index=369&type=chunk) - The company performed impairment tests on goodwill, and no impairment was found[373](index=373&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2019 was ¥1,559,085,488.21, representing a 48.05% increase compared to ¥1,053,106,668.75 in the same period last year[7]. - The net profit attributable to shareholders was ¥192,797,855.43, up 61.02% from ¥119,735,592.85 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥217,975,237.86, a significant increase of 110.66% compared to ¥103,472,619.76 in the previous year[8]. - The company reported a significant increase in basic earnings per share to ¥0.3177, up 61.02% from ¥0.1973 in the previous year[8]. - The company reported a net profit of 204,771,339.94 for Shenzhen Guowei Electronics Co., Ltd., which significantly contributes to the overall profit[51]. - The company’s net profit for the first half of 2019 was approximately ¥191.88 million, an increase from ¥119.23 million in the same period of the previous year, representing a growth of 60.8%[112]. - The company’s total comprehensive income for the first half of the year is CNY 211,341,812.99, compared to CNY 119,735,592.85 in the same period last year[120]. Cash Flow and Assets - The company's cash flow from operating activities was negative at -¥171,288,489.48, worsening from -¥84,080,150.49 in the same period last year, a decline of 103.72%[8]. - The total assets at the end of the reporting period were ¥5,992,717,533.27, an increase of 4.66% from ¥5,726,022,465.44 at the end of the previous year[8]. - The total assets of the company at the end of the reporting period are CNY 3,715,013,478.83, showing growth from CNY 3,534,522,807.72[120]. - Cash and cash equivalents decreased to RMB 778,151,588.19 from RMB 1,130,318,828.20, representing a decline of approximately 31.06%[107]. - The ending cash and cash equivalents balance was CNY 734,760,435.02, down from CNY 903,283,372.55 in the previous period[116]. Investment and Development - The company plans to enhance its core competitiveness by increasing investment in technology innovation and product research and development[54]. - The company is actively expanding into emerging markets such as IoT, AI, and automotive electronics, leveraging its technological and talent advantages[18]. - The company is developing new products in the FPGA series, with successful functionality and performance verification, aiming for market launch soon[27]. - The company reported development expenses of RMB 367,684,758.29, compared to RMB 228,627,501.09, reflecting a significant increase of about 60.91%[108]. Market and Business Strategy - The company continues to focus on the semiconductor chip industry, particularly in chip design, and aims to optimize its business structure to achieve strategic goals[13]. - The company is closely monitoring market demand and adjusting strategies to maintain profitability amidst external challenges[54]. - The company is actively pursuing business cooperation with Xi'an Ziguang Guoxin post-equity transfer[76]. Equity and Shareholder Information - The company has not sold any significant assets during the reporting period[50]. - The company’s total share capital remains at 606,817,968 shares, with 99.91% being unrestricted shares[81]. - The top shareholder, Tibet Unicom Chunhua Investment Co., Ltd., holds 220,835,000 shares, representing 36.39% of total shares[84]. - The company has not experienced any changes in its controlling shareholder or actual controller during the reporting period[88]. Liabilities and Financial Health - The company’s total liabilities were reported as zero, indicating no financial liabilities[43]. - The company has a loan repayment rate of 100% and an interest payment rate of 100% during the reporting period[101]. - The company maintained a credit rating of AA+ with a stable outlook, and the current bond rating is AAA, indicating very high credit quality and low credit risk[96]. Related Party Transactions - The company is engaged in daily related transactions with a total amount of 944.32 million for product procurement from Beijing Unisoc Storage Technology Co., Ltd.[62]. - The total amount of related party transactions during the reporting period reached 79.86 million RMB, with a market fair value of 311 million RMB[64]. Compliance and Governance - The financial report was approved by the board of directors on August 20, 2019, ensuring compliance with relevant accounting standards[126]. - The company confirms its ability to continue as a going concern for at least 12 months from the reporting date[127]. - The financial statements are prepared in accordance with the enterprise accounting standards, reflecting the company's financial position and operating results accurately[128]. Accounting Policies - The company applies consistent accounting policies and periods across the group for accurate financial reporting[135]. - The company recognizes impairment losses on financial assets when deemed unrecoverable, directly reducing the carrying amount of the asset[157]. - The company measures expected credit losses for receivables based on the entire duration of the asset's life, using historical loss experience and current economic conditions[158].

Financial Performance - The company's operating revenue for 2018 was CNY 2,458,423,475.06, representing a 34.41% increase compared to CNY 1,829,095,734.96 in 2017[10]. - The net profit attributable to shareholders for 2018 was CNY 347,973,762.41, up 24.33% from CNY 279,887,242.88 in the previous year[10]. - The net profit after deducting non-recurring gains and losses decreased by 13.18% to CNY 195,142,278.58 in 2018 from CNY 224,766,468.73 in 2017[10]. - The basic earnings per share for 2018 was CNY 0.5734, an increase of 24.33% compared to CNY 0.4612 in 2017[10]. - The total assets at the end of 2018 were CNY 5,726,022,465.44, reflecting a 9.97% increase from CNY 5,207,025,172.45 at the end of 2017[10]. - The net assets attributable to shareholders increased by 8.58% to CNY 3,794,380,450.30 at the end of 2018 from CNY 3,494,639,839.91 at the end of 2017[10]. - The company reported a net cash flow from operating activities of CNY 318,642,793.88, down 45.46% from CNY 584,234,715.45 in 2017[10]. - The weighted average return on equity for 2018 was 9.56%, an increase of 1.17 percentage points from 8.39% in 2017[10]. Revenue Breakdown - The integrated circuit business generated operating revenue of CNY 2,296.99 million, accounting for 93.43% of total revenue[20]. - The smart security chip business reported revenue of CNY 1,036.00 million, demonstrating strong market performance and rapid growth[22]. - The company’s crystal business achieved operating revenue of CNY 156.81 million, contributing stable gross profit despite a challenging market[21]. - The memory chip business generated CNY 645 million, showing a remarkable year-on-year growth of over 92%[30]. - The special integrated circuit business reported revenue of CNY 616 million, with a rapid expansion in customer base and product applications[26]. - The smart security chip segment accounted for 42.15% of total revenue, with sales reaching CNY 1.04 billion, up 27.41% from the previous year[30]. - The overseas revenue increased by 40.98%, reaching CNY 613 million, indicating successful market expansion efforts[30]. Research and Development - The company applied for 122 new patents and received 112 new patent authorizations during the reporting period[18]. - Research and development expenses increased by 56.00% to ¥129,220,767.10, reflecting a rise in capitalized R&D expenditures[38]. - The company plans to focus on the integrated circuit design sector, enhancing its technological innovation and product upgrades to maintain a competitive edge[60]. - The company is focusing on developing new products in the 5G communication and automotive electronics sectors to drive future growth[29]. Investment and Capital Management - The company plans to issue corporate bonds up to RMB 1.3 billion, with the first phase of RMB 300 million issued at a coupon rate of 5.28%[90]. - The company reported a total of 16,360.35 thousand yuan in related party transactions during the reporting period, exceeding the approved limit of 15,648.08 thousand yuan[78]. - The company completed a capital increase for its indirect subsidiary, Shenzhen Unisoc Electronics Co., Ltd., raising its registered capital from 150 million yuan to 300 million yuan[80]. - The company has ongoing investment in the Chengdu R&D Center project, with a total investment of ¥59,280,828.94 as of the reporting period[47]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.58 per 10 shares to all shareholders based on the total share capital of 606,817,968 shares as of the end of 2018[2]. - In 2018, the company distributed cash dividends of 0.58 RMB per 10 shares, totaling 35,195,442.14 RMB, which represents 10.11% of the net profit attributable to shareholders[66]. - The total distributable profit available for shareholders as of December 31, 2018, was 2,418,173,232.02 RMB, after accounting for the legal surplus reserve and previously distributed dividends[67]. Corporate Governance - The company maintains a strict governance structure, complying with relevant laws and regulations, and has made revisions to its internal rules[126]. - The company operates independently from its controlling shareholder in terms of business, personnel, assets, and finance[129][132]. - The company has implemented a performance evaluation and incentive mechanism for senior management, ensuring transparency in the hiring process[128]. - The company emphasizes the importance of social responsibility and balancing the interests of shareholders, employees, and society[128]. Market Outlook - The integrated circuit industry in China is expected to maintain rapid growth, with the IC design industry reaching a market value of CNY 250 billion in 2018, growing nearly 23% year-on-year[57]. - The demand for smart security chips is projected to grow significantly due to the increasing application in various fields, supported by favorable industrial policies[57]. - The memory chip market in China is expected to maintain stable growth, driven by increasing data storage needs and the demand for new storage media like SSDs[58]. Management and Leadership - The company appointed Ma Daojie as the new president on January 17, 2018, following the resignation of Ren Zhijun[110]. - The company reported significant leadership changes, including the appointment of Diao Shijing as chairman on August 14, 2018[110]. - The company has a strong management team with extensive experience in the semiconductor industry, including members with backgrounds from Intel and TSMC[112]. Financial Health - The company’s principal credit rating is AA+ with a stable outlook, and the bonds are rated AAA, indicating very high credit quality[151]. - The company maintained a loan repayment rate of 100% during the reporting period[155]. - The current ratio improved to 331.25% from 301.08% in 2017, an increase of 30.17 percentage points[154]. - The quick ratio also increased to 254.54% from 235.16%, reflecting a rise of 19.38 percentage points[155].

紫光国芯微电子股份有限公司 2018 年第三季度报告正文 证券代码：002049 证券简称：紫光国微 公告编号：2018-057 紫光国芯微电子股份有限公司 2018 年第三季度报告正文 紫光国芯微电子股份有限公司 2018 年第三季度报告正文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刁石京、主管会计工作负责人杨秋平及会计机构负责人(会计主 管人员)张典洪声明：保证季度报告中财务报表的真实、准确、完整。 2 紫光国芯微电子股份有限公司 2018 年第三季度报告正文 第二节 公司基本情况 一、主要会计数据和财务指标 1 | | 本报告期末 | | 上年度末 | 本报告期末比上 年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 5,405,447,325.94 | | 5,207,025,172.45 | 3.81% | | 归属于上市公司股东的净资产（元） | 3,757,5 ...

紫光国芯微电子股份有限公司 2018 年半年度报告 2018 年 08 月 紫光国芯微电子股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人董事长刁石京、总裁马道杰、主管会计工作负责人杨秋平及会 计机构负责人(会计主管人员)张典洪声明：保证本半年度报告中财务报告的真实、 准确、完整。 公司经营中可能存在的风险及应对措施，详见本报告"第四节 经营情况讨 论与分析"之十"公司面临的风险和应对措施"部分。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 1 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议。 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 刁石京 董事长 出差 马道杰 | 目录 | | --- | | 第一节 重要提示、目录 1 | | --- | | 第二节 公司简介和主要财务指标 3 | | 第三节 公司业务概要 5 | | 第四节 经营情况讨论与分析 7 | | 第五节 重 ...