Financial Performance - The company's revenue for Q3 2021 reached ¥102,999,396.93, representing a 43.12% increase compared to the same period last year[3] - Net profit attributable to shareholders was ¥22,778,018.37, an increase of 81.93% year-over-year[3] - The basic earnings per share (EPS) for the period was ¥0.0963, up 64.05% from the previous year[3] - The operating profit for the year-to-date period was ¥65,206,909.49, a 77.36% increase year-over-year, driven by higher revenue[9] - The net profit for the year-to-date period was ¥55,114,352.19, representing an 83.76% increase compared to the same period last year[9] - Total operating revenue for Q3 2021 was CNY 263,701,912.20, an increase of 35.4% compared to CNY 194,771,218.55 in the same period last year[24] - Net profit for Q3 2021 reached CNY 55,114,352.19, representing a 83.5% increase from CNY 29,992,208.21 in Q3 2020[25] - The net profit attributable to the parent company for Q3 2021 was ¥55,820,239.14, an increase from ¥31,159,942.20 in the same period last year, representing a growth of approximately 79.3%[26] - The total comprehensive income attributable to the parent company for Q3 2021 was ¥55,772,874.93, compared to ¥31,178,388.04 in Q3 2020, marking an increase of approximately 78.9%[26] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,118,792,672.65, a 45.43% increase from the end of the previous year[3] - The company's total assets as of September 30, 2021, amounted to CNY 1,118,792,672.65, compared to CNY 769,275,218.09 at the end of 2020, indicating a growth of 45.3%[21] - Current assets totaled CNY 997,312,690.48 as of September 30, 2021, an increase from CNY 635,212,451.01 at the end of 2020, marking a rise of 56.9%[20] - The company's total liabilities decreased to CNY 75,437,281.42 from CNY 124,125,321.57, a reduction of 39.2%[22] - The equity attributable to shareholders increased to CNY 1,040,930,477.95 from CNY 642,478,361.29, reflecting a growth of 62.0%[22] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 50,397[11] - The largest shareholder, Xiangyang New Instrument Semiconductor Co., Ltd., holds 26.32% of shares, totaling 62,258,000 shares[11] - The total number of shares held by the top ten unrestricted shareholders is 23,411,371[15] - The company has no preferred stock shareholders as per the report[13] - The controlling shareholder, Xiangyang Xinyi Yuan Semiconductor Co., Ltd., reduced its holdings by 1,720,000 shares, accounting for 0.73% of the total share capital[18] Cash Flow and Investments - The net cash flow from operating activities for Q3 2021 was ¥7,594,394.39, a significant decrease from ¥25,084,556.61 in the previous year, indicating a decline of approximately 69.8%[29] - Total cash inflow from investment activities was ¥640,008,167.77, down from ¥705,996,115.61 in the same period last year, a decrease of about 9.3%[29] - The net cash flow from investment activities for Q3 2021 was -¥339,191,957.22, contrasting with a positive net cash flow of ¥7,034,576.49 in Q3 2020[29] - The net cash flow from financing activities for Q3 2021 was ¥343,138,506.73, compared to ¥2,922,535.00 in the same period last year, showing a substantial increase[30] - The total cash and cash equivalents at the end of Q3 2021 amounted to ¥334,709,791.85, up from ¥309,627,650.75 at the end of Q3 2020, reflecting an increase of about 8.1%[30] Research and Development - Research and development expenses for the year-to-date period were ¥7,868,473.90, reflecting a 46.31% increase due to higher investment compared to the previous year[9] - Research and development expenses for Q3 2021 were CNY 7,868,473.90, up from CNY 5,377,977.89, indicating a year-over-year increase of 46.3%[25] Stock and Share Restrictions - The report indicates that there are no changes in restricted shares during the period[14] - The company has a total of 11,705,685 shares held by Shenzhen Huaren Capital Investment Co., Ltd., which are subject to a six-month lock-up period[15] - The company has a total of 4,816,053 shares held by Xu Guoxin, also subject to a six-month lock-up period[15] - UBS AG holds 1,672,240 shares, which are also under a six-month lock-up period[15] Operating Costs - The company experienced a 38.79% increase in operating costs, totaling ¥177,405,624.61, primarily due to increased revenue[9] - Total operating costs for Q3 2021 were CNY 206,855,701.13, up from CNY 163,316,765.62, reflecting a year-over-year increase of 26.6%[25]

Financial Performance - The company's operating revenue for the first half of 2021 was ¥160,702,515.27, representing a 30.86% increase compared to ¥122,806,568.65 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2021 was ¥33,042,220.77, a significant increase of 77.27% from ¥18,639,549.17 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥30,740,463.31, which is a 105.23% increase compared to ¥14,978,249.71 in the same period last year[21]. - The basic earnings per share for the first half of 2021 was ¥0.1470, up 68.00% from ¥0.0875 in the previous year[21]. - The total profit for the period was 38.68 million yuan, an increase of 81.48% compared to the previous year[34]. - The net profit reached 32.57 million yuan, marking an 82.06% year-on-year increase[34]. - The company reported a significant increase in financial investments, with trading financial assets reaching ¥340,000,000.00, representing 31.06% of total assets[46]. - The total comprehensive income for the first half of 2021 was ¥32,527,589.88, compared to ¥17,920,985.08 in the first half of 2020, indicating an increase of 81.5%[147]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,094,774,125.05, reflecting a 42.31% increase from ¥769,275,218.09 at the end of the previous year[21]. - The net assets attributable to shareholders increased by 58.47% to ¥1,018,162,028.59 from ¥642,478,361.29 at the end of the previous year[21]. - Cash and cash equivalents at the end of the reporting period amounted to ¥347,587,553.83, representing 31.75% of total assets, a decrease of 10.38% compared to the previous year[44]. - Accounts receivable increased to ¥81,822,368.06, accounting for 7.47% of total assets, down by 1.38% from the previous year[44]. - Inventory decreased to ¥97,851,362.72, representing 8.94% of total assets, a decline of 8.48% year-over-year[44]. - Total liabilities decreased to ¥73,958,131.92 from ¥124,125,321.57, a reduction of approximately 40.5%[140]. Cash Flow - The company reported a negative net cash flow from operating activities of ¥864,019.55, a decline of 104.05% compared to a positive cash flow of ¥21,310,544.44 in the same period last year[21]. - The net cash flow from financing activities increased dramatically to ¥343,138,506.73, a rise of 11,641.13%, mainly due to funds raised from the issuance of shares[37]. - The total cash inflow from investment activities was 216,665,427.96, down from 514,667,136.01, reflecting reduced investment returns[154]. - The net cash flow from investment activities was -319,362,562.13, a significant decline from 6,611,794.91, suggesting challenges in investment performance[154]. Research and Development - Research and development expenses rose by 83.74% to ¥6,479,226.84, reflecting increased investment after a period of reduced spending due to the pandemic[37]. - The company is actively developing new customers and has established stable supply relationships with leading enterprises in various fields, enhancing its market position[34]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[167]. Market and Competition - The company faces risks related to economic environment, market competition, technological advancements, and material price increases[5]. - The company is committed to accelerating the development of new devices and expanding into high-end customer markets to mitigate competition risks[70]. - The company plans to expand sales of products such as thyristors, rectifiers, IGBTs, and power electronic modules to increase market share[69]. Corporate Governance - The company underwent a board restructuring, with several new appointments and departures among executives[75]. - The company has not experienced any significant changes in the measurement attributes of its main assets during the reporting period[46]. - The company has not engaged in any major related party transactions during the reporting period[97]. Shareholder Information - The company completed a private placement of shares, raising significant development funds and enhancing its shareholder base[35]. - The total number of shares after the issuance is 236,531,371, with the newly issued shares accounting for 9.90% of the total[117]. - The largest shareholder, Xiangyang New Instrument Semiconductor Co., Ltd., holds 27.05% of shares, totaling 63,978,000 shares[124]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% based on current market trends and user acquisition strategies[89]. - The company plans to invest 500 million yuan in research and development over the next two years to drive innovation[87]. - The company aims to promote the application of power semiconductor technology in China, focusing on energy conservation and social benefits, and has received multiple accolades for its corporate social responsibility efforts[82].

Financial Performance - The company's operating revenue for 2020 was CNY 388,244,929.38, representing a 46.54% increase compared to CNY 264,937,838.14 in 2019[19] - The net profit attributable to shareholders for 2020 was CNY 32,244,590.70, a significant turnaround from a loss of CNY 220,028,922.10 in 2019, marking a 114.65% improvement[19] - The basic earnings per share for 2020 was CNY 0.1513, a recovery from a loss of CNY 1.0324 in 2019, reflecting a 114.66% increase[19] - The weighted average return on net assets improved to 5.15% in 2020 from -29.25% in 2019, indicating a positive shift in profitability[19] - The total profit reached 31.29 million yuan, with a year-on-year increase of 114.95%[38] - The net profit attributable to shareholders was 32.24 million yuan, up 114.65% year-on-year[38] Cash Flow and Assets - The net cash flow from operating activities increased by 314.47% to CNY 66,195,285.75 in 2020, compared to CNY 15,971,171.96 in 2019[19] - The company's total assets at the end of 2020 were CNY 769,275,218.09, a decrease of 4.65% from CNY 806,758,165.80 at the end of 2019[19] - The net cash flow from operating activities was 66.20 million yuan, reflecting a 314.47% increase year-on-year[42] - The total cash and cash equivalents increased by 889.81% to ¥48,582,865.30, indicating improved liquidity[61] - The company's inventory decreased by 4.78% to ¥134,036,972.12, indicating improved inventory management[65] Business Strategy and Market Position - The company plans to expand sales and market share of existing products such as thyristors, rectifiers, IGBTs, and power electronic modules, while also investing in new technologies like SiC and GaN[6] - The company aims to leverage industry resources through investments, acquisitions, and business collaborations to cultivate new growth points[6] - The company is focusing on market and product structure adjustments to ensure stable growth in the power semiconductor business[30] - The company has maintained a leading market share in the domestic power semiconductor sector for several consecutive years[34] - The domestic power semiconductor market is experiencing steady demand, with the company optimizing its product and market structure to ensure stable growth in its power semiconductor business[83] Research and Development - Research and development expenses rose by 14.49% to ¥9,005,121.12, primarily due to increased investment in semiconductor business[55] - The company continues to emphasize its commitment to research and development in the semiconductor sector[159] - The company has made breakthroughs in high-voltage chip technology, with new products achieving advanced performance metrics, targeting both domestic and international markets[57] Challenges and Risks - The company faced challenges in its internet film business due to the pandemic, resulting in significant asset impairment losses[29] - The company faces risks from intensified market competition and rising material costs, which may impact profit margins, and plans to mitigate these through cost control and resource integration strategies[87] - The company reported a net loss due to underperformance of co-invested dramas, leading to significant asset impairment[80] Shareholder Returns and Dividends - The company has not declared any cash dividends or bonus shares for the year, opting instead for a capital reserve transfer[7] - The company has established a three-year shareholder return plan (2020-2022) to enhance cash dividend policies and protect minority investors[92] - The company's retained earnings as of December 31, 2020, were negative at -120,439,038.34 yuan, leading to no cash dividends being proposed[96] Governance and Compliance - The company has complied with all relevant regulations regarding its cash dividend policy and has ensured that minority shareholders' rights are protected[93] - The company’s independent directors and supervisory board provided independent opinions on the accounting policy changes, ensuring compliance with regulations[109] - The company has a governance structure that complies with relevant laws and regulations, ensuring no significant discrepancies with regulatory requirements[174] Management and Personnel - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to CNY 2.4059 million[166] - The company has a total of 7 senior management personnel as of the end of the reporting period[162] - The company has a structured approach to evaluating the performance of senior management, linking compensation to operational results[166] Legal and Regulatory Matters - There are ongoing litigation matters involving a total claim amount of 42.299 million RMB, with a civil judgment requiring the company to pay 1.56 million RMB and overdue penalty of 250,000 RMB[112] - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[107] Market and Sales Performance - The company reported a year-on-year increase in semiconductor business revenue, driven by a rise in production and sales volume[28] - The company sold 1.87 million power semiconductor devices, marking a 24.39% increase compared to the previous year[38] - Domestic sales accounted for ¥377,983,008.36, or 97.36% of total revenue, reflecting a 49.24% increase compared to the previous year[44]

Financial Performance - The company's revenue for Q1 2021 was ¥72,639,092.70, representing a 106.34% increase compared to ¥35,203,182.20 in the same period last year[8] - Net profit attributable to shareholders was ¥16,329,780.48, a significant increase of 23,387.19% from a loss of ¥70,123.46 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥15,065,053.99, up 1,183.19% from a loss of ¥1,390,800.92 in the same period last year[8] - The basic earnings per share were ¥0.0766, compared to a loss of ¥0.0003 in the same period last year, marking a 25,633.33% increase[8] - The net profit attributable to the parent company was 16.33 million yuan, a year-on-year increase of 16.40 million yuan, or 23,387.19%, primarily driven by revenue growth and adjustments in asset impairment[32] - The total operating revenue for Q1 2021 reached ¥72,639,092.70, a significant increase from ¥35,203,182.20 in Q1 2020, representing a growth of approximately 106.5%[52] - The net profit for Q1 2021 was ¥16,221,204.13, a turnaround from a net loss of ¥60,344.12 in Q1 2020, showcasing a substantial improvement in profitability[53] - The company reported a net profit of ¥16,221,204.13 for Q1 2021, compared to a net loss of ¥308,153.08 in the same period last year, indicating a significant turnaround[54] - The total comprehensive income for the period was ¥16,227,226.80, compared to a loss of ¥308,153.08 in the previous year, demonstrating overall financial recovery[54] Assets and Liabilities - The company's total assets increased by 39.45% to ¥1,072,724,342.87 from ¥769,275,218.09 at the end of the previous year[8] - The total assets at the end of the reporting period amounted to 1,072.72 million yuan, an increase of 303.45 million yuan, or 39.45%, primarily due to funds raised from issuing shares to specific investors[7] - The total liabilities at the end of the reporting period were 68.21 million yuan, a decrease of 55.92 million yuan, or 45.05%, mainly due to the divestiture of the subsidiary Beijing Bihai Chuntian[14] - The total liabilities decreased to ¥68,160,415.55 in Q1 2021 from ¥76,866,467.90 in the previous year, indicating a reduction of approximately 11.1%[50] - The company's equity attributable to shareholders rose to ¥1,004,024,101.56 in Q1 2021, compared to ¥648,840,766.67 in Q1 2020, representing an increase of about 54.7%[50] Cash Flow - The net cash flow from operating activities was negative at -¥13,161,073.27, a decline of 326.00% from ¥5,823,530.15 in the previous year[8] - The cash inflow from operating activities totaled 49.77 million yuan, an increase of 22.16 million yuan, or 80.26%, primarily due to increased cash received from sales of goods and services[33] - The net cash flow from operating activities was negative at -¥13,161,073.27, compared to a positive cash flow of ¥5,823,530.15 in the previous year, indicating challenges in cash generation[60] - Cash and cash equivalents increased to ¥652,184,123.30 yuan from ¥324,104,642.47 yuan, reflecting a growth of approximately 101%[44] - The ending balance of cash and cash equivalents reached 649,454,173.91, significantly higher than 284,081,259.25 from the previous period[64] - The net increase in cash and cash equivalents for the period was 331,639,653.22, compared to 14,808,929.10 in the previous period, showing a strong liquidity position[64] Shareholder Information - The company has a total of 42,604 common shareholders at the end of the reporting period[12] - The top shareholder, Xiangyang Xinyuan Semiconductor Co., Ltd., holds 30.02% of the shares, totaling 63,978,000 shares[12] Investment and R&D - The research and development expenses for the reporting period were 2.37 million yuan, an increase of 1.04 million yuan, or 77.76%, reflecting increased investment in R&D after a period of reduced spending due to the pandemic[22] - Research and development expenses for Q1 2021 were ¥2,371,280.08, up from ¥1,333,979.51 in Q1 2020, reflecting an increase of approximately 77.8%[53] - The company significantly increased its revenue and net profit in the power semiconductor business, focusing on market expansion and production growth[26] - The company plans to enhance its product sales and market share in existing products like thyristors and IGBTs, while also developing third-generation wide bandgap semiconductor technologies such as SiC and GaN[26] Risks and Challenges - The company is facing risks from economic fluctuations, intensified market competition, and rising material costs, which could negatively impact its operations[27][28] Fundraising and Financial Management - The company issued 23,411,371 shares at a price of 14.95 yuan per share, raising approximately 350 million yuan[30] - The total amount of raised funds in this quarter is 93,073.22 million yuan, with a cumulative investment of 51,700.83 million yuan[34] - The company has approved the use of up to 30 million yuan of idle funds for cash management, including 3 million yuan for structured deposit products[29] - The company has not achieved the expected economic benefits from its IPO fundraising projects due to market environment changes[34] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[38] Operational Efficiency - Operating profit for the quarter was ¥14,778,972.60, up from ¥2,345,619.91, reflecting a substantial improvement in operational efficiency[56] - The company reported a significant increase in sales revenue from cash received for goods sold, amounting to ¥46,932,465.55, up from ¥26,337,439.12[59] Employee and Salary Information - The total number of employees increased, contributing to higher salary expenses, which were ¥8,957,720.99 in Q1 2021 compared to ¥12,825,978.34 in Q1 2020, showing a decrease of about 30.5%[49] - Payments to employees increased to 15,097,071.76 from 9,287,279.70, reflecting higher labor costs[62]

Financial Performance - Operating revenue decreased by 15.52% to ¥71,964,649.90 for the current period, and by 29.30% to ¥194,771,218.55 year-to-date[8] - Net profit attributable to shareholders decreased by 57.21% to ¥12,520,393.03 for the current period, and by 57.20% to ¥31,159,942.20 year-to-date[8] - Basic earnings per share decreased by 57.25% to ¥0.0587 for the current period, and by 57.20% to ¥0.1462 year-to-date[8] - The company's net profit for the period was 12.11 million yuan, a decrease of 17.15 million yuan, reflecting a decline of 58.62% primarily due to a significant drop in profits from the subsidiary[18] - The company's total profit for the period was 14.65 million yuan, down by 17.11 million yuan, a decrease of 53.87% attributed to the same subsidiary's performance[18] - Net profit for Q3 2020 was CNY 12,105,507.56, down from CNY 29,257,888.07 in the same period last year[42] - The total comprehensive income for Q3 2020 was CNY 12,089,668.97, significantly lower than CNY 29,257,888.07 from the previous year[43] - The company reported a profit before tax of ¥35,967,132.41, down from ¥79,828,142.56 in the previous period, a decline of approximately 55.1%[50] Cash Flow - Net cash flow from operating activities decreased by 87.31% to ¥3,774,012.17 for the current period, and by 51.96% to ¥25,084,556.61 year-to-date[8] - The company's cash flow from operating activities for the year-to-date was 25.08 million yuan, a decrease of 27.13 million yuan, representing a decline of 51.96% due to reduced cash inflow from the subsidiary[18] - Operating cash flow for Q3 2020 was ¥25,084,556.61, a decrease of 52.1% compared to ¥52,218,856.90 in Q3 2019[57] - Total cash inflow from operating activities was ¥155,623,038.26, down from ¥243,259,191.17 in the previous year, representing a decline of 36.0%[57] - Cash outflow from operating activities totaled ¥130,538,481.65, compared to ¥191,040,334.27 in Q3 2019, a decrease of 31.6%[57] - Net cash flow from investment activities was ¥7,034,576.49, recovering from a negative cash flow of -¥8,759,710.06 in the same period last year[58] - The ending cash and cash equivalents balance increased to ¥309,627,650.75 from ¥260,219,371.47, marking a rise of 19.0%[58] Assets and Liabilities - Total assets increased by 6.07% to ¥855,709,254.62 compared to the end of the previous year[8] - The company's accounts receivable at the end of the period amounted to 93.51 million yuan, an increase of 2.92 million yuan, representing a growth of 45.33% due to growth in the semiconductor and cultural sectors[16] - The total liabilities of the company were CNY 210,727,457.55, compared to CNY 194,711,871.56 at the end of 2019, which is an increase of about 8.2%[34] - Total liabilities increased to CNY 67,155,468.24 from CNY 65,749,819.41, while total equity rose to CNY 645,485,835.02 from CNY 611,336,273.26[41] - The total equity of the company reached CNY 612,046,294.24, with a capital reserve of CNY 492,438,793.66 and retained earnings showing a deficit of CNY -152,683,629.04[66] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,552[12] - The largest shareholder, Xiangyang Xinyiyuan Semiconductor Co., Ltd., holds 30.02% of the shares[12] - No changes in share capital due to new share issuance or other reasons during the reporting period[8] Expenses - The company's financial expenses for the period were 21.21 million yuan, an increase of 31.08 million yuan, marking a growth of 315.04% mainly due to interest on loans from a subsidiary[17] - Research and development expenses decreased to CNY 2,037,627.11 from CNY 2,789,714.14[41] - Research and development expenses for the current period are ¥5,377,977.89, down from ¥7,396,695.54 in the previous period, indicating a reduction of approximately 27.3%[49] Other Income - Non-recurring gains and losses included government subsidies of ¥1,818,170.29 and investment income of ¥5,774,669.25[9][10] - The company's other income for the period was 0.84 million yuan, an increase of 0.74 million yuan, representing a growth of 729.65% primarily from increased government subsidies during the pandemic[17]

Financial Performance - The company's operating revenue for the first half of 2020 was ¥122,806,568.65, a decrease of 35.46% compared to ¥190,293,347.39 in the same period last year[18]. - The net profit attributable to shareholders was ¥18,639,549.17, down 57.19% from ¥43,542,977.12 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥14,978,249.71, a decline of 61.56% compared to ¥38,962,871.64 in the same period last year[18]. - The basic earnings per share decreased to ¥0.0875, down 57.17% from ¥0.2043 in the previous year[18]. - The company reported a total revenue of CNY 122.81 million for the reporting period, a decrease of 35.46% year-on-year due to the impact of the pandemic and reduced income from its subsidiary, Bihai Spring[33]. - The total profit for the period was CNY 21.31 million, down 55.65% year-on-year, with net profit attributable to shareholders at CNY 18.64 million, a decline of 57.19%[33]. - The company achieved a gross profit margin of approximately 30.00%, reflecting a decrease from the previous year due to lower sales volume and increased costs[36]. - The company reported a net loss of 764,484.95 CNY from its subsidiary, Beijing Bihanchun Tian Film Co., Ltd., due to delays in the production of a web drama caused by the COVID-19 pandemic[62]. - The company reported a cumulative net profit of 92.106 million yuan from 2016 to 2018, which did not meet the performance commitment of at least 119.7 million yuan[71]. Assets and Liabilities - The total assets at the end of the reporting period were ¥834,063,155.35, an increase of 3.38% from ¥806,758,165.80 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 3.06% to ¥628,834,384.18 from ¥610,160,550.58 at the end of the previous year[18]. - Total current liabilities were RMB 199,037,367.84, slightly up from RMB 192,424,671.09, showing a growth of approximately 3.2%[128]. - The company's total equity increased to RMB 632,892,128.10 from RMB 612,046,294.24, representing a growth of about 3.9%[129]. - The company's total assets as of June 30, 2020, amounted to CNY 697,869,542.83, an increase from CNY 677,086,092.67 at the end of 2019[132]. - The total liabilities as of June 30, 2020, were CNY 66,415,120.29, slightly up from CNY 65,749,819.41 at the end of 2019[133]. Cash Flow - The company reported a net cash flow from operating activities of ¥21,310,544.44, a decrease of 5.15% compared to ¥22,467,773.99 in the same period last year[18]. - Operating cash flow decreased by 5.15% to ¥21,310,544.44[38]. - Investment cash flow increased by 178.86% to ¥6,611,794.91, primarily due to funds received from industrial investment[38]. - Net cash and cash equivalents increased by 24.18% to ¥30,844,874.35[38]. - The cash and cash equivalents at the end of the period amounted to CNY 305.43 million, slightly down from CNY 305.58 million at the end of the first half of 2019[142]. - The net increase in cash and cash equivalents for the first half of 2020 was approximately ¥31.89 million, compared to ¥24.11 million in the same period of 2019, indicating a year-over-year increase of about 32.5%[146]. Research and Development - R&D investment decreased by 54.15% to ¥3,526,392.90 due to project delays caused by the pandemic[38]. - The company has accumulated over 48 patents, including 9 invention patents, and has been actively involved in drafting national or industry standards[29]. - The company plans to enhance its R&D efforts and seek external technology collaborations to improve its innovation capabilities, as its current technology is leading domestically but lags behind international standards[64]. Market and Competition - The company faces risks including economic environment impacts, intensified market competition, and slow technological advancements[5]. - The power semiconductor market is facing intensified competition, with international companies expanding into China, prompting the company to accelerate the development of new devices and high-end customer acquisition[64]. - The company plans to expand its market share in power semiconductor products, including thyristors and IGBTs, while focusing on the development of third-generation wide bandgap semiconductor materials and devices[63]. Corporate Governance and Compliance - The company has not engaged in any derivative investments or entrusted loans during the reporting period[57][58]. - The company has committed to invest a total of 64,500 million CNY, with 51,700.7 million CNY already utilized, achieving a utilization rate of 80.1%[52]. - The company guarantees not to use its position to harm the legitimate rights and interests of shareholders through related party transactions[75]. - The company will ensure that related party transactions are conducted at market prices and comply with relevant regulations[74]. - The company has not undergone any bankruptcy reorganization or significant legal disputes, ensuring a focus on growth and stability[80][81]. Future Outlook - The overall financial performance indicates a cautious outlook for the remainder of 2020, with management emphasizing the need for strategic adjustments in response to market conditions[149]. - The company plans to continue investing in new product development and market expansion strategies to drive future growth, although specific figures were not disclosed in the report[149]. - The company aims to leverage investment, acquisitions, and business collaborations to foster new growth points in response to market challenges[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,884[108]. - The largest shareholder, Xiangyang New Instrument Semiconductor Co., Ltd., holds 30.02% of the shares, totaling 63,978,000 shares[108]. - The company has not reported any changes in shareholding structure or significant shareholder movements during the reporting period[106]. Financial Reporting - The half-year financial report was not audited, which may affect the perception of financial transparency[78]. - The financial statements reflect the company's financial position, operating results, and cash flows accurately and completely[162]. - The financial report for the first half of 2020 was not audited[124].

Financial Performance - Total revenue for Q1 2020 was ¥35,203,182.20, a decrease of 57.66% compared to ¥83,150,861.68 in the same period last year[8] - Net profit attributable to shareholders was -¥70,123.46, representing a decline of 100.30% from ¥23,020,569.93 year-on-year[8] - The company reported a significant decrease in operating income of ¥4,794,770, down 57.66% due to the impact of the COVID-19 pandemic[16] - Operating profit for the reporting period was 0.8881 million yuan, a decrease of 24.1141 million yuan or 96.45% year-on-year, primarily due to a decline in operating income[17] - Net profit for the reporting period was -0.3082 million yuan, a decrease of 2.3293 million yuan or 101.34% year-on-year, mainly due to a decline in operating income[18] - The company achieved operating income of 35.2032 million yuan in the first quarter of 2020, a year-on-year decline of 57.66%[19] - The net loss for Q1 2020 was CNY 1,551,908.26 due to credit impairment losses[45] - The company's total profit for Q1 2020 was CNY 1,397,162.45, down from CNY 12,895,904.88 in the previous year[50] - The total comprehensive income for Q1 2020 was CNY 1,148,575.59, down from CNY 10,904,695.36 in the previous year[51] Cash Flow - The net cash flow from operating activities was ¥5,823,530.15, down 62.21% from ¥15,408,566.28 in the previous year[8] - Cash flow from operating activities for the reporting period was 5.8235 million yuan, a decrease of 958,500 yuan or 62.21% year-on-year, primarily due to reduced cash inflow caused by the COVID-19 pandemic[18] - The cash inflow from operating activities was CNY 27,610,894.74, a decrease from CNY 63,388,784.28 in the prior year[53] - The net cash flow from operating activities for the parent company was 9,765,041.64 in Q1 2020, compared to 9,079,912.71 in Q1 2019, indicating an increase of about 7.5%[57] - The total cash inflow from investment activities was 253,123,991.47 in Q1 2020, slightly down from 260,691,041.77 in Q1 2019, indicating a decrease of about 2.2%[54] - The net cash flow from investment activities was 5,116,907.32 in Q1 2020, a significant increase from 1,084,922.65 in Q1 2019, reflecting an increase of approximately 371.5%[54] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥814,850,185.66, an increase of 1.00% from ¥806,758,165.80 at the end of the previous year[8] - Total assets reached 677,086,092.67 as of the end of the reporting period[66] - Total liabilities increased to CNY 201,967,795.72 from CNY 194,711,871.56[39] - The company’s total current liabilities amounted to CNY 67,307,250.89, an increase from CNY 63,462,618.94[42] - The total amount of raised funds is CNY 588.05 million, with CNY 5.07 million invested in the current quarter[27] - Cumulative investment from raised funds amounts to CNY 517.01 million, representing 88% of the total raised funds[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,827[12] - The company did not engage in any repurchase transactions among the top 10 shareholders during the reporting period[13] - The company has no overdue commitments from shareholders or related parties during the reporting period[24] Research and Development - R&D expenses for the reporting period were 1.3340 million yuan, a decrease of 975,900 yuan or 42.25% year-on-year, mainly due to reduced investment caused by the COVID-19 pandemic[17] - The company is focusing on the R&D of high-voltage devices, welding modules, IGBT modules, and high-power pulse switch devices to enhance product technology quality[20] - The company reported a decrease in research and development expenses to CNY 1,333,979.51 from CNY 2,309,878.27[45] Market and Business Strategy - The company plans to expand existing product sales and market share by tracking and developing new generation wide bandgap semiconductor materials and device technologies[21] - The company has exited from the industrial fund to reduce financial investments and focus on its core power semiconductor business[23] Compliance and Reporting - The company has not experienced significant changes in project feasibility or expected economic benefits due to market conditions or the COVID-19 pandemic[27] - The first quarter report for 2020 was not audited, which may affect the reliability of the financial data presented[67] - The company implemented new revenue and leasing standards starting January 1, 2020, which may impact future financial reporting and performance metrics[64]

Financial Performance - The company's operating revenue for 2019 was ¥264,937,838.14, a decrease of 36.63% compared to ¥418,108,792.96 in 2018[20] - The net profit attributable to shareholders for 2019 was -¥220,028,922.10, representing a decline of 356.53% from a profit of ¥85,771,733.25 in 2018[20] - The net profit attributable to shareholders after deducting non-recurring gains and losses for 2019 was CNY 20,688,413.24, a decrease from CNY 27,179,527.70 in 2018, reflecting a decline of approximately 23.5%[23] - The net cash flow from operating activities improved to ¥15,971,171.96, a significant increase of 388.11% compared to -¥5,543,416.00 in 2018[20] - The net cash flow from operating activities for 2019 was CNY 15,408,566.28, compared to CNY 29,751,082.91 in 2018, indicating a decrease of about 48%[23] - The weighted average return on net assets was -29.25%, a decrease of 39.20 percentage points from 9.95% in 2018[20] - The total assets at the end of 2019 were ¥806,758,165.80, down 23.19% from ¥1,050,389,797.77 at the end of 2018[20] - The net assets attributable to shareholders decreased by 31.88% to ¥610,160,550.58 from ¥895,704,578.38 in 2018[20] Impairment and Goodwill - The company recognized an impairment loss of ¥28,829.67 million related to goodwill from the acquisition of Beijing Bianchun Tian Film Co., Ltd[8] - The company’s goodwill decreased by CNY 28,829.67 million, a 100% decline, primarily due to substantial goodwill impairment recognized during the reporting period[33] - The company reported a goodwill impairment provision of 28.82967 million yuan for the year 2019 due to unmet performance commitments[104] Semiconductor Business - The company plans to expand sales and market share of existing products such as thyristors, rectifiers, IGBTs, and power electronic modules[6] - The company aims to invest, acquire, and collaborate to cultivate new growth points in the semiconductor industry[7] - The total revenue from the semiconductor business showed a slight decline, with the overall market demand remaining stable[30] - The semiconductor business sold 150.33 million power semiconductor devices, a decrease of 7.07% year-on-year, with thyristor sales at 57.62 million units, down 5.04%[39] - The company’s power semiconductor products are widely used in various industries, including metallurgy, motor control, and new energy, maintaining a leading position in the domestic market[30] - The company achieved total operating revenue of ¥26,493.78 million in 2019, a year-on-year decrease of 36.63%[39] - The company is focusing on the research and development of third-generation wide bandgap semiconductor materials and devices, such as SiC and GaN[6] - The company is focusing on the development of third-generation wide bandgap semiconductor technologies, such as SiC and GaN, to enhance its competitive edge[34] - The gross margin for the semiconductor segment was 34.27%, with a slight decrease of 2.04% compared to the previous year[46] R&D and Innovation - The company’s R&D expenses increased by 7.15% to ¥786.53 million, reflecting a focus on enhancing semiconductor technology[42] - The company holds 55 patents, including 9 invention patents, and has actively participated in drafting 17 national or industry standards[34] - The company obtained 3 patents during the reporting period, including 2 invention patents, enhancing its technological competitiveness[36] - The company plans to invest in the "High Power Semiconductor Device Industry Upgrade Project" as part of its strategic development[40] Market and Sales Strategy - The company maintained a market share in the domestic power semiconductor sector, with a leading position for several consecutive years[35] - The company’s foreign sales accounted for 4.40% of total revenue, down 17.40% year-on-year, indicating challenges in international markets[44] - The company aims to enhance its competitiveness in the power semiconductor sector, despite facing challenges from international competitors and technology gaps[81] - The company plans to strengthen external cooperation to expand its product line and market coverage, enhancing the scale of its semiconductor business[84] - The power semiconductor market demand remains stable, with the company optimizing its product and market structure to ensure steady growth in its power semiconductor business[83] Financial Management and Dividends - The company emphasizes a stable cash dividend policy to enhance shareholder returns, aligning with regulatory guidelines and investor expectations[91] - The company reported a cash dividend of 0.00 CNY per 10 shares for the fiscal year 2019, with a total cash dividend amount of 213,120,000 CNY[92] - The total distributable profit for the year was -152,683,629.04 CNY, indicating a negative retained earnings situation[92] - The company did not propose any cash dividend distribution plan for 2019 due to negative retained earnings[96] - The company’s net profit for 2019 was reported at -220,028,922.10 CNY, resulting in a cash dividend payout ratio of 0.00%[96] Corporate Governance - The company has established performance evaluation methods for senior management based on operational performance and individual work performance[174] - The company has a total of five senior management personnel listed in the report, including the chairman, general manager, and vice presidents[173] - The company’s board of directors and supervisors' remuneration standards are proposed by the remuneration and assessment committee and approved by the board of directors[174] - The company maintains an independent governance structure, complying with relevant laws and regulations, ensuring no significant discrepancies with regulatory requirements[184] - The company held four temporary shareholder meetings and one annual meeting in 2019, with investor participation rates ranging from 30.02% to 35.31%[187] Environmental and Social Responsibility - The company completed the environmental protection facilities and equipment for the 1.25 million high-power semiconductor device technology upgrade project in 2012, ensuring compliance with environmental requirements[138] - The company has a total of 12 emission outlets, with 1 wastewater outlet and 11 gas outlets, and the total COD emissions are 7.143 tons/year, which is within the approved emission limit of 7.3 tons/year[138] - The company donated 1 million CNY to the Xiangyang Red Cross for COVID-19 prevention efforts[136] - The company has not initiated any targeted poverty alleviation work during the reporting year[137] Legal and Compliance - The company reported no penalties or rectification issues during the reporting period[117] - The company maintains a good integrity status, with no significant debts or court judgments outstanding[118] - The company has complied with the new financial reporting formats as mandated by the Ministry of Finance in 2019, adjusting comparative data accordingly[106] Future Outlook - For 2020, the company plans to achieve a revenue of 40,115 million CNY and a profit of 7,644 million CNY, focusing on enhancing the competitiveness of its IGBT and MOSFET products[86] - The company provided a future outlook, projecting a revenue growth of 12% for the next fiscal year, targeting 1.68 billion[165] - The company is expanding its market presence in Southeast Asia, aiming to increase market share by 5% within the next two years[165] - A strategic acquisition of a smaller semiconductor firm was completed, expected to enhance the company's technology capabilities and add 100 million in annual revenue[165]

Financial Performance - Operating revenue for the reporting period was ¥85,184,065.95, representing a year-on-year increase of 4.12%[8] - Net profit attributable to shareholders was ¥29,257,491.99, up 5.80% from the same period last year[8] - The net profit after deducting non-recurring gains and losses was ¥27,179,527.70, an increase of 6.58% year-on-year[8] - The weighted average return on equity was 3.45%, an increase of 0.27 percentage points compared to the previous year[8] - Total operating revenue for the current period reached ¥85,184,065.95, an increase of 4.2% from ¥81,813,200.73 in the previous period[40] - Net profit for the current period was ¥29,257,888.07, representing a 5.8% increase compared to ¥27,653,641.27 in the previous period[41] - Total profit for the current period reached ¥31,769,311.24, up 4.0% from ¥30,552,903.22 in the previous period[41] - The company reported a decrease in tax expenses to ¥2,511,423.17 from ¥2,899,261.95, a reduction of 13.4%[41] - The company reported a net profit margin improvement, with retained earnings increasing to CNY 141,523,869.62 from CNY 132,659,400.51, an increase of about 6.5%[33] Cash Flow - Cash flow from operating activities for the year-to-date reached ¥52,218,856.90, a significant increase of 627.11%[8] - Net cash flow from operating activities for the reporting period was 52.22 million yuan, an increase of 62.13 million yuan or 627.11% year-on-year, mainly due to an increase in cash received from the sale of goods and a decrease in cash paid for goods[17] - The net cash flow from investment activities for the reporting period was -8.76 million yuan, a decrease of 30.37 million yuan or 140.53% year-on-year, mainly due to a reduction in cash paid for investments[18] - The net cash flow from financing activities for the reporting period was -63.98 million yuan, a decrease of 35.47 million yuan or 124.44% year-on-year, primarily due to an increase in profit distribution for the year 2018[18] - The net cash flow from operating activities was CNY 52,218,856.90, a significant recovery from a negative cash flow of CNY -9,906,565.25 in the previous quarter[54] - The net cash increase for the period was CNY -20,517,856.59, compared to a decrease of CNY -16,799,802.01 in the previous quarter, indicating a worsening cash position[55] Assets and Liabilities - Total assets at the end of the reporting period reached ¥1,057,836,060.60, an increase of 0.71% compared to the previous year[8] - Current assets totaled CNY 623,818,607.26, up from CNY 609,754,846.62, indicating an increase of about 2.0%[31] - Total liabilities decreased slightly to CNY 153,266,678.30 from CNY 154,685,774.51, a reduction of approximately 0.9%[32] - Owner's equity rose to CNY 904,569,382.30 from CNY 895,704,023.26, marking an increase of about 1.0%[33] - Total assets amounted to CNY 1,050,389,797.77, with non-current assets totaling CNY 440,634,951.15[61] - Current liabilities reached CNY 152,019,825.30, primarily driven by accounts payable of CNY 48,675,651.23 and advance receipts of CNY 21,835,804.61[62] Research and Development - Research and development expenses for the reporting period amounted to 2.79 million yuan, an increase of 1.01 million yuan or 57% year-on-year, primarily due to increased R&D projects and investments; from the beginning of the year to the end of the reporting period, R&D expenses totaled 7.40 million yuan, an increase of 2.45 million yuan or 49.59% year-on-year[17] - Research and development expenses increased significantly to ¥2,789,714.14, up 56.9% from ¥1,776,880.59 in the last period[40] - Research and development expenses rose to ¥7,396,695.54, an increase of 49.8% from ¥4,944,625.71 in the previous period[47] Investments and Financing - The company participated in an investment in Japan's International PS Co., Ltd., resulting in a long-term equity investment balance of ¥2,029,600[16] - Investment income from the beginning of the year to the end of the reporting period was 7.30 million yuan, an increase of 4.25 million yuan or 139.28% year-on-year, primarily due to increased financial management income from the parent company[17] - The company has initiated a non-public offering of shares to raise funds for the upgrade of new high-power semiconductor devices, which has been approved by the board and shareholders[21] - The company received CNY 746,100,000.00 from investment recoveries, up from CNY 381,600,000.00 in the previous quarter, marking a growth of about 95.5%[58] Dividend and Shareholder Returns - The company has revised its cash dividend policy to enhance shareholder returns and ensure clarity in dividend distribution standards and procedures[24] - The company paid CNY 63,936,000.00 in dividends and interest, which is significantly higher than CNY 28,416,000.00 in the previous quarter, reflecting an increase of approximately 125%[58] Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[70] - The third-quarter report was not audited, indicating that the figures presented are preliminary[69]

Financial Performance - Total revenue for the first half of 2019 was CNY 190,293,347.39, a decrease of 4.69% compared to CNY 199,666,958.09 in the same period last year[21]. - Net profit attributable to shareholders was CNY 43,542,977.12, down 7.62% from CNY 47,134,231.29 year-on-year[21]. - Net profit after deducting non-recurring gains and losses was CNY 38,962,871.64, a decline of 15.35% compared to CNY 46,025,699.26 in the previous year[21]. - The company achieved operating revenue of 190.29 million yuan, a year-on-year decrease of 4.69%[35]. - The total profit for the period was 48.06 million yuan, down 8.01% year-on-year[35]. - The company sold 546,700 power semiconductor devices, a decrease of 17.52% year-on-year[35]. - The company’s weighted average return on equity was 4.75%, a decrease of 0.75 percentage points year-on-year[35]. - The company reported a total of 332.73 million yuan involved in a lawsuit with Beijing Bianchun Tian Film Co., Ltd., which is currently awaiting court proceedings[82]. - Another lawsuit involves 422.99 million yuan with Shenzhen Rongde Cultural Media Co., Ltd., also pending court hearings[82]. Cash Flow and Assets - Operating cash flow net amount was CNY 22,467,773.99, a significant increase of 206.40% from a negative CNY 21,117,118.52 in the same period last year[21]. - Total assets at the end of the reporting period were CNY 1,084,839,754.21, an increase of 3.28% from CNY 1,050,389,797.77 at the end of the previous year[21]. - Cash and cash equivalents amounted to CNY 301,012,894.98, compared to CNY 276,906,694.07, showing an increase of approximately 8.7%[137]. - Accounts receivable increased to CNY 70,203,287.20 from CNY 35,167,835.50, representing a growth of about 99.1%[137]. - The total current liabilities increased to CNY 207,070,851.83 from CNY 152,019,825.30, reflecting a growth of about 36.2%[133]. Research and Development - The company is focusing on the research and development of third-generation wide bandgap semiconductor materials and devices, represented by SiC and GaN[6]. - Research and development investment increased significantly by 127.16% to ¥7,691,517.06, indicating a focus on enhancing R&D capabilities[40]. - Research and development expenses increased to CNY 4.61 million, up 45.5% from CNY 3.17 million in the previous year[145]. Market Strategy and Future Plans - The company plans to expand sales and market share of existing products such as thyristors, rectifiers, IGBTs, and power electronic modules[6]. - The company is planning a non-public stock issuance to strengthen its core technology and market competitiveness, pending approval from the China Securities Regulatory Commission[36]. - The company plans to enhance its semiconductor device capabilities through strategic investments, focusing on high-power semiconductor device upgrades[36]. - Future outlook suggests a cautious approach to market expansion and potential mergers or acquisitions to strengthen competitive advantage[162]. Shareholder and Equity Information - The company reported a total share capital of 213,120,000 shares, with 100% being unrestricted shares[109]. - The company distributed a cash dividend of 3 RMB per 10 shares, totaling 63.936 million RMB, based on the total shares as of December 31, 2018[106]. - The company has not reported any major asset or equity sales during the reporting period[62]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[116]. Compliance and Governance - The company has ongoing commitments to not engage in competitive businesses with its subsidiaries during the management tenure of key personnel[73]. - The company commits to ensuring that related party transactions adhere to market prices and standards[76]. - The company has maintained a good integrity status, with no significant debts or unfulfilled court judgments[85]. - The company has completed environmental protection facilities and complies with relevant environmental regulations, with no reported environmental pollution incidents during the reporting period[103]. Legal and Regulatory Matters - The company has not undergone any bankruptcy reorganization during the reporting period[81]. - There were no significant litigation or arbitration matters during the reporting period[82]. - The company has not experienced any penalties or rectification situations during the reporting period[84]. Financial Reporting and Accounting - The company adheres to the accounting standards and ensures that the financial statements reflect its financial status accurately[180]. - The financial statements were approved by the board on August 29, 2019[176]. - The company uses Renminbi as its accounting currency[183]. - The company recognizes the importance of consolidating financial statements based on control, including subsidiaries and structured entities[187].