Group 1: Company Overview - The company specializes in semiconductor integrated circuit manufacturing equipment and precision electronic components, integrating R&D, production, sales, and technical services [3] - It has over 60 years of experience in electronic components technology, producing resistors, capacitors, crystal devices, microwave components, and mixed integrated circuits [4] Group 2: Product and Market Position - The company can supply 12-inch technology products below 40nm, including 10 oxidation furnaces, 6 etching machines, 11 PVD machines, and 1 cleaning machine [4] - It has established a strong market presence, with significant sales in the semiconductor lighting and photovoltaic sectors, leading in market share for negative diffusion products [5] Group 3: R&D and Innovation - As of September 30, 2016, the company has applied for 2,721 patents, with 1,333 granted [6] - The company collaborates with SMIC for equipment validation, ensuring reliability and stability before project completion [6] Group 4: Workforce and Expertise - The company employs 1,100 R&D personnel, accounting for over 30% of its total workforce, including 10 national "Thousand Talents Program" experts and 21 overseas experts [5] - It has built a tiered R&D team supported by experts from various programs [6] Group 5: Future Outlook - The photovoltaic equipment business is expected to maintain a certain sales scale in 2017, driven by increased demand from downstream manufacturers [8] - The company is positioned to meet the evolving needs of the semiconductor industry, particularly in advanced packaging and MEMS applications [9]

证券代码：002371 证券简称：北方华创 北方华创科技集团股份有限公司投资者关系活动记录表 编号： | --- | --- | --- | |-------------------|-----------------------|----------------------------------------------------------| | | | | | 投 资 者 关 系 活 | □ | 特定对象调研 □分析师会议 | | 动类别 | □ | 媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 来访人员 | | 安信证券、华创证券、华夏基金、汇添富基金、海富通基金、华 | | | | 安基金、海通证券、混沌投资、盘京资本、嘉实基金、东北证 | | | | 券、东方证券、点石资管、东兴证券、 PinPOINT 、艾瑞资本、 | | | | 安邦保险、安邦资管、翱赟咨询、北信瑞丰、博道基金、财通基 | | | | 金、财通证券、诚盛投资、诚通基金、东方财富证券、东亚前海 | | | | 证券、 ...

Revenue and Profitability - Revenue for Q3 2022 reached ¥4,568,487,633.47, an increase of 78.11% year-over-year, and total revenue for the first nine months was ¥10,012,301,492.37, up 62.19% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2022 was ¥931,478,915.72, representing a 167.70% increase year-over-year, with a total net profit of ¥1,686,103,845.94 for the first nine months, up 156.13%[2] - The company's basic earnings per share for Q3 2022 was ¥1.7675, a 150.07% increase year-over-year, while the diluted earnings per share was ¥1.7646, up 149.70%[2] - Net profit attributable to the parent company for the first nine months of 2022 was CNY 1,686,103,845.94, an increase of 156.13% compared to the same period last year, driven by increased sales and production scale[11] - The net profit for the current period is 1,867,037,964.83, compared to 762,212,989.40 in the previous period, representing a significant increase[20] - The total comprehensive income attributable to the parent company's owners was 1,702,383,379.69, compared to 659,071,538.73 in the previous period, showing a growth of approximately 158.5%[21] Assets and Liabilities - Total assets as of September 30, 2022, were ¥40,895,706,832.37, reflecting a 31.69% increase from the end of the previous year[2] - The total assets of the company reached CNY 40,895,706,832.37, up from CNY 31,054,473,364.61, indicating a growth of around 31%[19] - The total liabilities increased to CNY 21,802,611,204.86 from CNY 13,856,082,205.54, representing a rise of approximately 57%[19] - Long-term borrowings as of September 30, 2022, amounted to ¥3,700,000,000.00, a 100.00% increase year-to-date, reflecting the need to expand production capacity[6] - The company’s total liabilities increased significantly, with short-term borrowings rising by 100.00% to ¥228,153,153.19, driven by the need for production expansion[6] Cash Flow and Operating Activities - The company reported a net cash flow from operating activities of -¥190,920,907.18 for the first nine months, a decrease of 68.30% compared to the previous year[2] - Cash flow from operating activities reached 9,935,667,582.88, up from 6,903,202,749.11, marking an increase of about 43.5%[22] - Cash outflow from operating activities was $11,701,508,554.21, up from $8,126,903,263.55, leading to a net cash flow from operating activities of -$190,920,907.18, an improvement from -$602,204,358.37[23] - Cash flow from investing activities showed a net outflow of -$833,750,976.30, compared to -$372,268,269.84 in the previous period, indicating increased investment expenditures[23] - Financing activities generated a net cash inflow of $3,393,465,522.98, a turnaround from a net outflow of -$165,719,419.73 in the previous period, highlighting improved financing conditions[23] Expenses and Costs - Research and development expenses for the first nine months of 2022 totaled ¥1,222,372,486.40, an increase of 40.73% year-over-year, attributed to higher material and labor costs[8] - Operating expenses for the first nine months of 2022 amounted to CNY 3,233,470.43, an increase of 306.30% year-on-year, primarily due to the disposal of long-term debts[12] - Income tax expenses for the first nine months of 2022 were CNY 295,358,692.01, reflecting a 130.90% increase year-on-year, linked to higher profits from increased sales and production[12] - Cash paid for purchasing goods and services in the first nine months of 2022 was CNY 8,341,220,139.78, an increase of 42.39% compared to the previous year, due to higher procurement payments[12] - The company reported a significant increase in cash paid to employees, totaling $2,143,179,481.71, compared to $1,444,884,978.64 previously[23] Inventory and Receivables - Accounts receivable increased by 103.94% year-to-date to ¥3,873,141,758.81, primarily due to increased revenue[4] - Inventory as of September 30, 2022, was ¥11,574,313,584.96, up 44.06% year-to-date, driven by increased sales and production scale[4] - Accounts receivable increased to CNY 3,873,141,758.81 from CNY 1,899,157,846.34, marking a rise of about 104%[17] - Inventory levels rose to CNY 11,574,313,584.96, compared to CNY 8,034,633,766.60 in the previous period, which is an increase of approximately 44%[18] Future Outlook and Strategic Plans - Future outlook includes plans for market expansion and potential new product developments, although specific details were not provided in the content[19] Other Financial Metrics - The company reported other income of 414,421,721.13, compared to 301,300,831.19 in the previous period, indicating an increase of approximately 37.5%[20] - The total profit before tax was 2,162,396,656.84, up from 890,130,144.19, representing a growth of about 143%[20] - The company experienced a decrease in credit impairment losses, which were -109,135,308.11 compared to -43,686,627.49 in the previous period, indicating improved asset quality[20] - The company reported a significant increase in investment income to 709,240.01 from 545,800.92, reflecting a growth of approximately 29.9%[20] Audit and Reliability - The report for the third quarter was not audited, which may affect the reliability of the financial data presented[24]

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 5,443,813,858.90, representing a 50.87% increase compared to CNY 3,608,358,719.53 in the same period last year[10]. - The net profit attributable to shareholders was CNY 754,624,930.22, a significant increase of 143.16% from CNY 310,345,603.44 year-on-year[10]. - The net profit after deducting non-recurring gains and losses reached CNY 645,288,949.57, up 186.84% from CNY 224,962,619.71 in the previous year[10]. - The basic earnings per share increased by 129.28% to CNY 1.4332 from CNY 0.6251 in the same period last year[10]. - The company achieved operating revenue of 5.44 billion yuan, a year-on-year increase of 50.87%[21]. - Net profit attributable to shareholders reached 754 million yuan, up 143.16% year-on-year[15]. - Operating profit for the first half of 2022 was CNY 1,031,627,242.42, up 132.7% from CNY 444,553,982.77 in the first half of 2021[100]. - The company's total operating costs for the first half of 2022 were CNY 4,560,313,609.54, an increase of 37.0% from CNY 3,331,940,386.76 in the same period of 2021[100]. Assets and Liabilities - The company's total assets increased by 13.74% to CNY 35,320,071,129.93 from CNY 31,054,473,364.61 at the end of the previous year[10]. - The net assets attributable to shareholders rose by 4.83% to CNY 17,712,972,387.93 compared to CNY 16,897,559,553.30 at the end of the previous year[10]. - Total assets as of June 30, 2022, amounted to 35.32 billion yuan, reflecting a 13.74% increase year-on-year[15]. - Current liabilities rose to CNY 13.03 billion, compared to CNY 11.27 billion, indicating an increase of approximately 15.6%[97]. - Total liabilities reached CNY 17.19 billion, up from CNY 13.86 billion, marking a growth of around 23.4%[97]. - The company's total current assets amounted to approximately CNY 25.42 billion, an increase from CNY 22.32 billion at the beginning of the year, representing a growth of about 14.4%[95]. Cash Flow - The company reported a net cash flow from operating activities of CNY -1,536,461,229.08, a decline of 671.68% compared to CNY -199,107,008.17 in the previous year[10]. - Cash flow from operating activities showed a net outflow of -1,536,461,229.08 CNY, compared to a smaller outflow of -199,107,008.17 CNY in the previous year[104]. - The company’s cash flow from investing activities showed a net outflow of 623,784,504.15 CNY, compared to 257,849,325.71 CNY in the first half of 2021[104]. - The total cash inflow from financing activities was 1,927,153,981.16 CNY, an increase from 1,482,583,328.72 CNY in the first half of 2021[105]. Research and Development - Research and development investment totaled 1.48 billion yuan, a slight decrease of 1.43% compared to the previous year[21]. - Research and development expenses for the first half of 2022 totaled CNY 821,450,743.92, an increase of 31.0% compared to CNY 627,405,050.22 in the first half of 2021[100]. - The semiconductor equipment business saw significant growth driven by increasing demand in electric vehicles and high-performance computing[16]. Market and Business Strategy - The company is focused on expanding its market presence in the semiconductor and new energy sectors, with ongoing investments in production capacity[16]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[113]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and expand its product offerings[113]. - The company has introduced new products and technologies aimed at improving operational efficiency and meeting market demands[113]. Stock and Shareholder Information - The company plans to not distribute cash dividends or issue bonus shares for this period[1]. - The company launched a new stock incentive plan in the first half of 2022, granting 10.48 million stock options to 838 core technical and management personnel[17]. - The 2018 stock option incentive plan has seen adjustments, with the number of incentive objects reduced from 324 to 322 and the exercise price adjusted from CNY 35.14 to CNY 34.94 per share[48]. - The total approved guarantee amount for subsidiaries during the reporting period was CNY 65,000 million, with an actual guarantee amount of CNY 2,439.89 million[72]. Environmental and Social Responsibility - The company has implemented effective environmental protection measures, ensuring that wastewater, waste gas, and noise emissions meet standards, with solid waste disposed of in compliance[60]. - The company has actively responded to national carbon peak and carbon neutrality goals, implementing energy management systems and various measures to reduce energy consumption, including the construction of photovoltaic power generation projects[60]. - In the first half of 2022, the company's various unions and employee canteens contributed a total of 1.5764 million yuan to consumption assistance efforts, with 450,000 yuan spent on poverty alleviation procurement[60]. Compliance and Governance - There were no significant litigation or arbitration matters during the reporting period, and the company has not faced any penalties for violations of laws and regulations[61][63]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[61]. - The financial statements are prepared based on the going concern assumption, with no significant doubts about the company's ability to continue operations in the next 12 months[122]. Financial Reporting and Accounting - The company adheres to the accounting standards set by the Ministry of Finance, ensuring that the financial statements reflect a true and complete picture of its financial status[124]. - The company’s accounting period follows the calendar year, from January 1 to December 31[125]. - The company recognizes research phase expenditures as expenses when incurred, while development phase expenditures are capitalized as intangible assets if specific criteria are met[194].

Financial Performance - The company's revenue for Q1 2022 was CNY 2,135,734,862.37, representing a 50.04% increase compared to CNY 1,423,425,330.52 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was CNY 206,460,350.67, a significant increase of 183.18% from CNY 72,908,240.11 in the previous year[3] - The net profit after deducting non-recurring gains and losses was CNY 155,364,140.54, which is a 382.23% increase compared to CNY 32,218,150.14 in the same period last year[3] - Total operating revenue for Q1 2022 reached ¥2,135,734,862.37, a significant increase from ¥1,423,425,330.52 in Q1 2021, representing a growth of approximately 50%[23] - Net profit for Q1 2022 was ¥246,890,999.76, compared to ¥83,051,009.92 in the same period last year, indicating a year-over-year increase of about 197%[24] - The company’s total comprehensive income attributable to shareholders was CNY 201.55 million in Q1 2022, compared to CNY 73.02 million in Q1 2021, an increase of 175.5%[25] Cash Flow and Liquidity - The company's cash flow from operating activities showed a net outflow of CNY 1,294,300,561.18, a decrease of 295.71% compared to a net inflow of CNY 661,328,682.98 in the previous year[3] - Cash and cash equivalents at the end of Q1 2022 stood at CNY 7.22 billion, down from CNY 3.29 billion at the end of Q1 2021, reflecting a decrease of 119.1%[28] - The net cash flow from operating activities for Q1 2022 was -CNY 1.29 billion, compared to a positive cash flow of CNY 661.33 million in the same period last year[27] - Cash received from borrowings in the first quarter of 2022 was ¥319,214,765.92, a decrease of 59.63% year-on-year, primarily due to a reduction in borrowings[13] - Total cash outflows from financing activities were CNY 520.27 million in Q1 2022, compared to CNY 604.99 million in the previous year[28] Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 31,792,256,182.09, a 2.38% increase from CNY 31,054,473,364.61 at the end of the previous year[3] - Total liabilities increased to ¥14,192,637,958.59 in Q1 2022 from ¥13,856,082,205.54 in Q1 2021, showing a rise of about 2.4%[21] - The company’s inventory as of March 31, 2022, decreased by 40.19% to CNY 91,199,772.00, due to the conversion of restricted stock into capital[8] - Inventory at the end of the reporting period was ¥9,712,184,589.78, up from ¥8,034,633,766.60 at the beginning of the year[19] Research and Development - R&D expenses for Q1 2022 amounted to CNY 295,437,227.82, reflecting a 112.35% increase from the previous year, driven by higher material and labor costs[9] - Research and development expenses for Q1 2022 amounted to ¥295,437,227.82, up from ¥139,125,366.00 in Q1 2021, reflecting a growth of approximately 112%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 65,448, with the top ten shareholders holding a combined 57.91% of shares[15] - The largest shareholder, Beijing Qixing Huadian Technology Group Co., Ltd., held 33.80% of shares, totaling 178,175,721 shares[15] Other Income and Expenses - The company reported a significant increase in other income, which reached CNY 62,654,713.19, up 30.32% year-over-year due to increased government subsidies[10] - The company received tax refunds of CNY 5,254,630.91, a staggering increase of 4118.39% compared to the previous year, attributed to increased VAT refunds[11] - Cash paid for dividends, profits, or interest in the first quarter of 2022 was ¥18,205,260.27, an increase of 287.61% year-on-year[13] - Cash paid to minority shareholders in the first quarter of 2022 was ¥13,918,000.00, a 100.00% increase year-on-year, as this was the first occurrence of such payments[14] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24]

Financial Performance - The company's operating revenue for 2021 was ¥9,683,478,119.38, representing a 59.90% increase compared to ¥6,056,043,031.20 in 2020[13]. - The net profit attributable to shareholders for 2021 was ¥1,077,409,991.25, a 100.66% increase from ¥536,930,435.37 in 2020[13]. - The net profit after deducting non-recurring gains and losses was ¥806,719,757.21, up 309.45% from ¥197,025,637.18 in 2020[13]. - The basic earnings per share for 2021 was ¥2.1478, a 96.42% increase from ¥1.0935 in 2020[13]. - The total assets at the end of 2021 were ¥31,054,473,364.61, a 77.27% increase from ¥17,518,033,652.78 at the end of 2020[13]. - The net assets attributable to shareholders at the end of 2021 were ¥16,897,559,553.30, a 149.19% increase from ¥6,780,875,585.98 at the end of 2020[13]. - The company reported a net cash flow from operating activities of -¥776,859,120.34, a decrease of 156.09% compared to ¥1,385,139,594.68 in 2020[13]. - The weighted average return on net assets for 2021 was 11.94%, up from 8.51% in 2020[13]. Revenue Breakdown - The electronic process equipment segment contributed 82.08% to total revenue, amounting to approximately 7.95 billion yuan, with a growth of 63.24% year-on-year[32]. - The precision electronic components segment generated 1.72 billion yuan in revenue, accounting for 17.71% of total revenue, and grew by 47.22% year-on-year[32]. - The company’s revenue from the central and southeastern regions surged by 145.60% year-on-year, reaching approximately 4.93 billion yuan[32]. - The company achieved a total revenue of 9.68 billion yuan in 2021, representing a year-on-year growth of 59.90%[32]. Research and Development - The company has a robust technology foundation with over 5,900 patent applications and more than 3,300 authorized patents as of the end of 2021[23]. - The company’s R&D expenses surged by 93.52% to ¥1,297,237,567.86, reflecting increased costs in materials and labor[41]. - R&D investment in 2021 amounted to ¥2,892,429,712.44, an increase of 79.85% compared to ¥1,608,222,467.74 in 2020[42]. - R&D investment accounted for 29.87% of operating revenue in 2021, up from 26.56% in 2020, reflecting a change of 3.31%[42]. - The number of R&D personnel increased by 44.45% to 2,044 in 2021 from 1,415 in 2020[42]. Operational Efficiency - The total operating costs increased by 55.02% year-on-year, amounting to ¥5,325,831,287.32 for electronic process equipment[36]. - The company reported a significant increase in production volume for electronic process equipment, which rose by 91.33% to ¥9,719,897,423.37[35]. - The sales volume for electronic components increased by 47.22% year-on-year, totaling ¥1,715,013,395.84[35]. - Operating cash inflow totaled ¥11,027,990,245.90 in 2021, a 40.86% increase from ¥7,828,853,840.12 in 2020[44]. - Operating cash outflow rose by 83.20% to ¥11,804,849,366.24 in 2021 from ¥6,443,714,245.44 in 2020[44]. Corporate Governance - The company conducted a total of 3 shareholder meetings during the reporting period, ensuring compliance with legal requirements and protecting the rights of minority shareholders[76]. - The company continuously improved its corporate governance structure and internal control environment in accordance with relevant laws and regulations[76]. - The board of directors consists of 11 members, including 4 independent directors, and held 8 meetings during the reporting period[77]. - The supervisory board has 3 members and convened 5 meetings, ensuring compliance with relevant laws and regulations[78]. - The company maintains complete independence from its controlling shareholder in terms of assets, personnel, finance, and operations, with no instances of fund occupation or illegal guarantees[79][86]. Environmental Responsibility - The company reported a total pollutant discharge of 0.028206 tons for chemical oxygen demand (COD) and 0.006223 tons for ammonia nitrogen (NH3-N) during the reporting period, both of which are within the permitted limits[147]. - The company has implemented various measures to reduce carbon emissions, including the establishment of a photovoltaic power generation project, contributing to the goal of lowering carbon emissions[150]. - The company has passed the ISO 14001 environmental management system certification, indicating a robust environmental management framework[148]. - The company has established an emergency response plan for environmental incidents, ensuring preparedness for potential environmental risks[148]. Future Outlook - The semiconductor equipment demand is expected to continue growing in 2022, driven by advancements in cloud computing, artificial intelligence, and other high-tech fields[63]. - The company plans to enhance its core product competitiveness by increasing R&D efforts in advanced integrated circuit manufacturing equipment and expanding its product line in new materials[66]. - Major projects, including the expansion of the semiconductor equipment industrialization base and high-precision electronic components base, are set to commence in 2022[67]. - The company aims to strengthen its talent pool through systematic management and a stock incentive plan to attract and retain core talent[68]. Shareholder Engagement - The company actively engages with investors through online performance briefings and Q&A sessions, fostering a positive relationship with the investment community[80]. - A total of 3 shareholder meetings were held during the reporting period, with investor participation rates of 60.95% and 61.17% for the respective meetings[91]. - The company has emphasized the importance of timely and efficient decision-making to protect the rights of shareholders[123]. Stock Options and Incentives - The 2018 stock option incentive plan was adjusted, reducing the number of stock options from 2,886,073 to 2,873,907, and the exercise price from 35.25 CNY/share to 35.14 CNY/share[134]. - The company completed the repurchase and cancellation of 30,000 restricted shares at a price of 34.428 CNY/share due to the departure of an incentive target[136]. - The company’s independent directors and supervisory board provided independent opinions and verification on the adjustments and cancellations of stock options and restricted stocks[134][135][136][138]. Financial Compliance - The company has committed to ensuring the accuracy and completeness of its financial reports, with legal responsibilities for any discrepancies[160]. - The company has not faced any bankruptcy reorganization matters during the reporting period[165]. - The company has not made any external guarantees that violate regulations during the reporting period[161]. - The company has not reported any significant penalties or rectifications during the reporting period[167].