Financial Performance - The company's operating revenue for the first half of 2021 was ¥184,675,428.08, representing a 46.52% increase compared to ¥126,038,281.59 in the same period last year[23]. - The net profit attributable to shareholders of the listed company reached ¥72,862,406.27, a significant increase of 90.54% from ¥38,239,009.74 in the previous year[23]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥67,855,757.73, up 88.21% from ¥36,053,111.96 in the same period last year[23]. - The basic earnings per share increased to ¥0.73, reflecting a growth of 43.14% compared to ¥0.51 in the previous year[23]. - Operating profit reached 79.52 million yuan, reflecting a year-on-year growth of 81.94%[37]. - Total revenue for the reporting period reached ¥184,675,428.08, representing a year-on-year increase of 46.52% compared to ¥126,038,281.59 in the same period last year[40]. - The company reported a significant increase in revenue, with a total of 900.97 million yuan, representing a 73.38% increase compared to the previous period[85]. Assets and Liabilities - The total assets at the end of the reporting period were ¥955,681,717.62, which is a 13.23% increase from ¥844,011,865.29 at the end of the previous year[23]. - The net assets attributable to shareholders decreased by 3.60% to ¥720,453,636.11 from ¥747,351,229.84 at the end of the previous year[23]. - The company reported a significant increase in accounts payable, which rose to CNY 94,746,561.02 from CNY 39,869,666.72, indicating an increase of about 137.5%[129]. - The total liabilities rose significantly to CNY 235,228,081.51 from CNY 96,660,635.45, marking an increase of approximately 143%[129]. Cash Flow - The net cash flow from operating activities was ¥46,131,215.14, showing a 6.55% increase from ¥43,294,674.03 in the same period last year[23]. - The company reported a significant increase in sales-related cash inflows, totaling ¥118,778,282.38 in the first half of 2021, compared to ¥103,589,454.41 in the same period of 2020[146]. - The cash and cash equivalents at the end of the first half of 2021 were ¥290,499,874.55, down from ¥52,159,712.85 at the end of the first half of 2020[147]. - Cash outflow from financing activities totaled 98,779,850.00, with significant payments for dividends and interest, indicating a high cash distribution to stakeholders[151]. Research and Development - Research and development investment amounted to 6.14 million yuan, an increase of 42.05% year-on-year[37]. - The company reported a significant increase in research and development expenses, which rose to ¥6,144,907.43 in the first half of 2021, compared to ¥4,325,916.87 in the same period last year, an increase of 42.0%[135]. Market Expansion and Strategy - The company is actively expanding its market presence, with products exported to regions including Taiwan, Japan, Southeast Asia, and the United States[35]. - The company is focused on expanding its market presence and enhancing its product offerings through strategic partnerships and collaborations[88]. - The company is exploring potential mergers and acquisitions to further enhance its market position and operational capabilities[88]. Risks and Challenges - The company faces risks related to the fluctuation of raw material prices, particularly polysilicon, which could impact production costs and gross margin levels[61]. - The company is actively monitoring foreign exchange risks due to significant fluctuations in the RMB/USD exchange rate, which could affect its operational performance[61]. - As of June 2021, the company's accounts receivable amounted to 104.53 million CNY, representing 16.91% of current assets, indicating potential liquidity risks[62]. Corporate Governance and Compliance - The company has established a multi-tier governance structure, including a board of directors and various specialized committees[170]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect a true and complete picture of its financial status[173]. - The financial report for the first half of 2021 was not audited[124]. Related Party Transactions - The company has established a related party transaction with Longi Green Energy Technology Co., Ltd., involving procurement of water and electricity services, with an approved transaction amount of 1,200 million yuan[85]. - The company is committed to transparency in its financial reporting and adherence to regulatory requirements regarding related party transactions[86].

Financial Performance - The company's operating revenue for Q1 2021 was ¥84,765,684.46, representing a 71.54% increase compared to ¥49,415,264.69 in the same period last year[6]. - Net profit attributable to shareholders for Q1 2021 reached ¥35,095,852.14, a significant increase of 186.75% from ¥12,239,200.62 in the previous year[6]. - The net profit after deducting non-recurring gains and losses was ¥29,008,227.68, up 148.88% from ¥11,655,466.57 year-on-year[6]. - Basic earnings per share for Q1 2021 were ¥0.35, an increase of 118.75% from ¥0.16 in the previous year[6]. - Total operating revenue for Q1 2021 reached ¥84,765,684.46, a significant increase of 71.5% compared to ¥49,415,264.69 in the same period last year[41]. - Net profit for Q1 2021 was ¥35,095,852.14, representing a 186.5% increase from ¥12,239,200.62 in Q1 2020[43]. - Total comprehensive income for the first quarter of 2021 was CNY 12,381,286.53, an increase of 2.99% compared to the previous period[48]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥23,740,318.81, reflecting a 52.95% increase compared to ¥15,521,779.84 in the same period last year[6]. - Cash inflow from operating activities amounted to CNY 59,140,454.19, up from CNY 46,644,226.19 in the previous period, representing a growth of 26.73%[51]. - Cash and cash equivalents at the end of the period totaled CNY 404,396,819.06, compared to CNY 30,493,116.07 at the end of the previous period, reflecting a significant increase[52]. - The company’s cash and cash equivalents balance in the fundraising account was ¥21,021.70 million as of March 31, 2021, indicating strong liquidity[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥889,483,805.42, a 5.39% increase from ¥844,011,865.29 at the end of the previous year[6]. - The total current assets reached ¥674,190,774.87, up from ¥639,540,413.22 at the end of 2020, indicating an increase of about 5.4%[33]. - The total liabilities were ¥107,036,723.44, up from ¥96,660,635.45, marking an increase of approximately 10.4%[35]. - Total liabilities increased to ¥53,275,777.54 in Q1 2021, up from ¥39,889,257.63 in Q1 2020, reflecting a growth of 33.6%[39]. - The owner's equity totaled ¥782,447,081.98, compared to ¥747,351,229.84 at the end of 2020, reflecting an increase of about 4.7%[36]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,948[10]. - The largest shareholder, Xu Yijun, holds 25.57% of the shares, totaling 25,505,100 shares[10]. Research and Development - Research and development expenses increased by 73.02% to ¥3,193,932.99, indicating a significant investment in innovation[14]. - Research and development expenses for Q1 2021 were ¥3,193,932.99, an increase of 73.0% from ¥1,845,991.54 in Q1 2020[42]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥7,000,000.00, primarily related to listing rewards[8]. - The company reported a significant increase in other operating income, which rose by 28785.63% to ¥7,000,000.00, primarily from listing incentives received[14]. Financial Management - The company has no significant contracts or entrusted financial management during the reporting period, indicating a focus on internal operations[25]. - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period, reflecting a stable governance structure[26][27]. Investment Activities - Cash outflow from investment activities was CNY 10,425,756.77, compared to CNY 100,943.46 in the previous period, showing a substantial rise in investment expenditures[55]. - The company utilized ¥9,675.13 million of the raised funds, with 21.57% of the funds allocated to the high-end discrete devices and large-scale integrated circuit silicon wafer project[22]. Financial Expenses - The financial expenses showed a dramatic increase of 9066.02% to -¥2,440,332.85, mainly due to increased interest income from bank deposits[14].

Financial Performance - The company's operating revenue for 2020 was ¥272,877,624.09, representing a 22.07% increase compared to ¥223,533,897.66 in 2019[16]. - The net profit attributable to shareholders for 2020 was ¥86,727,482.79, a 29.64% increase from ¥66,896,871.05 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥82,816,174.25, up 37.37% from ¥60,287,757.14 in 2019[16]. - The basic earnings per share for 2020 was ¥1.16, a 30.34% increase compared to ¥0.89 in 2019[16]. - The total assets at the end of 2020 reached ¥844,011,865.29, a significant increase of 92.64% from ¥438,126,861.80 at the end of 2019[16]. - The net assets attributable to shareholders increased by 110.14% to ¥747,351,229.84 from ¥355,645,764.37 in 2019[16]. - The net cash flow from operating activities for 2020 was ¥85,666,526.42, reflecting a 16.99% increase from ¥73,226,875.36 in 2019[16]. - The weighted average return on equity for 2020 was 21.74%, slightly up from 20.76% in the previous year[16]. Market and Industry Overview - The global semiconductor industry sales in 2020 were approximately USD 439 billion, a 6.5% increase from USD 412.3 billion in 2019, highlighting robust industry growth[30]. - China remained the largest chip market globally in 2020, with total sales of USD 151.7 billion, up 5.0% from the previous year[30]. - The integrated circuit industry in China achieved sales of 884.8 billion yuan in 2020, representing a 17% year-on-year growth[33]. - The integrated circuit design sector in China saw sales of 377.84 billion yuan, a 23.3% increase year-on-year[33]. - The global semiconductor materials market sales amounted to $55.3 billion in 2020, growing by 4.9% year-on-year[33]. Research and Development - Research and development expenses increased by 69.53% year-on-year, emphasizing the company's commitment to innovation[43]. - The company holds 15 invention patents and 29 utility model patents as of December 31, 2020, covering various aspects of semiconductor silicon material production and testing[37]. - The company plans to increase R&D investment in semiconductor monocrystalline silicon polishing wafers to enhance production management efficiency and product quality[81]. - The company aims to leverage its strong R&D capabilities to develop new products and technologies in the semiconductor sector[190]. Operational Efficiency - The company has established a comprehensive procurement, production, and sales system, enhancing operational efficiency and responsiveness to market demands[28][29]. - The company's construction projects in progress increased by 81.88% year-on-year in 2020, primarily due to increased investments in fixed assets[35]. - The company's cash and cash equivalents surged by 2077.95% year-on-year in 2020, mainly due to the public offering of shares[35]. - The gross margin for semiconductor materials was 48.95%, showing a slight increase of 1.41% from the previous year[49]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of ¥10 per 10 shares, based on a total of 99,760,000 shares[6]. - The cash dividend distribution represents 100% of the total profit distribution amount, indicating a strong commitment to returning value to shareholders[95][97]. - The company has a policy to allocate at least 20% of profits for cash dividends during its growth phase, ensuring a minimum return to shareholders[95]. - The remaining distributable profit after the dividend distribution will be carried forward for future years, amounting to RMB 166,376,666.89[97]. Governance and Compliance - The company maintains a governance structure that ensures the protection of shareholder rights and adheres to relevant laws and regulations[152]. - The independent directors have fulfilled their responsibilities in overseeing the dividend policy, ensuring transparency and compliance with regulations[92]. - The company is committed to ensuring the integrity of its financial disclosures and will take necessary actions to address any identified discrepancies[106]. - The company has established a legal framework for compensating investors, which includes communication with relevant intermediaries and investors to determine the scope and amount of compensation[109]. Management and Strategy - The management team has extensive experience, with the chairman having 26 years in the industry, contributing to strategic development and market expansion[30]. - The current management team includes experienced professionals with backgrounds in semiconductor and materials industries, enhancing the company's strategic capabilities[190][191][192][193][194][195]. - The company is actively exploring potential mergers and acquisitions to enhance its market position and expand its product portfolio[190]. - The company aims to promote the localization of semiconductor single crystal silicon materials and enhance its brand recognition in international markets[40]. Risks and Challenges - The company faces risks from market expansion due to the monopolistic nature of the semiconductor silicon materials industry, dominated by major international players[82]. - The company recognizes the risk of core technical personnel turnover, which could impact its technological advantages and revenue stability[85]. - The company is addressing the trend of transitioning from 3-6 inch silicon wafers to larger sizes, which may affect its market position[86]. Employee and Corporate Social Responsibility - The company has established a competitive benefits system to protect employee rights and enhance their development[153]. - The company has not engaged in any poverty alleviation initiatives during the reporting year and has no subsequent plans[154][157]. - The company and its subsidiaries are not classified as key pollutant discharge units by environmental protection authorities[158].