Financial Performance - The company's operating revenue for the first half of 2022 was ¥177,735,953.45, representing a 10.60% increase compared to ¥160,702,515.27 in the same period last year[27]. - The net profit attributable to shareholders decreased by 36.39% to ¥21,017,355.50 from ¥33,042,220.77 in the previous year[27]. - The net profit after deducting non-recurring gains and losses fell by 39.69% to ¥18,539,130.14 compared to ¥30,740,463.31 in the same period last year[27]. - The net cash flow from operating activities was negative at -¥3,802,925.66, a decline of 340.14% from -¥864,019.55 in the previous year[27]. - The total profit for the same period was 24.5434 million yuan, a decrease of 36.54% year-on-year, while net profit was 20.6139 million yuan, down 36.70%[40]. - The weighted average return on net assets was 2.02%, a decline of 1.96 percentage points compared to the previous year[40]. - The basic earnings per share decreased by 39.52% to ¥0.0889 from ¥0.1470 in the same period last year[27]. - The company reported a net profit for the period of ¥20,613,875.29, down 36.70% compared to the previous year, mainly due to credit impairment and fair value losses[43]. - The total comprehensive income for the first half of 2022 was approximately ¥20.58 million, down 36.8% from ¥32.53 million in the first half of 2021[146]. - The company reported a net loss of ¥55,333,901.93, an improvement compared to a loss of ¥76,351,257.43 at the beginning of the year[138]. Assets and Liabilities - The total assets increased by 4.11% to ¥1,152,910,899.69 from ¥1,107,347,834.56 at the end of the previous year[27]. - The total liabilities increased to ¥97,738,839.27 from ¥76,367,600.16, reflecting a growth of approximately 28.1%[138]. - The total equity attributable to shareholders increased to ¥1,051,366,943.61 from ¥1,026,771,637.38, showing a growth of approximately 2.4%[138]. - Total current assets increased to ¥1,026,732,985.56 as of June 30, 2022, up from ¥984,868,359.51 at the beginning of the year, representing a growth of approximately 4.3%[136]. - The company's total assets reached ¥1,152,910,899.69, up from ¥1,107,347,834.56, indicating an increase of about 4.1%[138]. - The cash and cash equivalents decreased to ¥298,327,264.46 from ¥354,062,540.83, a decline of approximately 15.7%[136]. - The total liabilities at the end of the first half of 2022 were 1,057 million yuan, showing a decrease from 1,371 million yuan in the previous year[164]. Research and Development - Research and development investment rose by 49.08% to ¥9,659,455.09, reflecting increased spending during the reporting period[43]. - The company is actively tracking and researching third-generation wide bandgap semiconductor materials and devices, including silicon carbide and gallium nitride[6]. - The company is focusing on the development of specialized devices for network energy and semiconductor applications, establishing a solid foundation for future business expansion[41]. - The company has committed to invest in high-power semiconductor technology research and development, with a total investment of 15,000 million CNY, of which 9,579.44 million CNY has been invested, achieving a progress rate of 7.09%[60]. - The company plans to increase its R&D efforts and seek external technology partnerships to improve its technological innovation capabilities, as current technology lags behind international standards[70]. Market and Sales - The company is focusing on expanding sales of power semiconductor products such as thyristors, rectifiers, IGBTs, and power electronic modules[6]. - The company has developed significant sales growth in network energy and polysilicon power supply sectors, with sales to leading customers exceeding the total for the previous year[40]. - The company aims to enhance its market share by accelerating the development of new devices and expanding into high-end customer segments to mitigate market competition risks[70]. - The company has significantly increased its production capacity for high-voltage devices and modules to meet market demand[41]. - The company has a production capacity of over 2 million large power semiconductor devices annually, making it one of the major providers in China[39]. Corporate Governance and Compliance - The company has established a social responsibility management system and conducts regular audits to ensure compliance with labor laws and employee rights[84]. - The company has been recognized as a key pollutant discharge unit but has complied with environmental regulations and received no administrative penalties during the reporting period[82]. - The company aims to minimize and reduce related party transactions with other controlled entities[88]. - The company commits to ensuring that related party transaction prices do not deviate from market standards[89]. - The company guarantees not to use its position to harm the legal rights of shareholders through related party transactions[89]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 52,310[122]. - The largest shareholder, Xiangyang New Yiyuan Semiconductor Co., Ltd., holds 26.25% of shares, totaling 62,258,000 shares[122]. - The total number of shares held by the top 10 shareholders includes 62,258,000 shares with no shares under special voting rights[122]. - The company has not reported any share repurchase activities during the reporting period[117]. - The company issued 640,000 restricted shares at a grant price of 14.38 CNY per share, increasing the total number of shares from 236,531,371 to 237,171,371, representing a 0.27% increase[115]. Financial Reporting and Audit - The semi-annual financial report was not audited[93]. - The financial report for the half-year period has not been audited[134]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[171]. - The company has evaluated its ability to continue as a going concern for the next 12 months without significant doubts[169]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[156]. - Future outlook indicates a projected revenue growth of 15% for the next quarter, driven by new product launches and market expansion strategies[158]. - The management has set a performance guidance of 10% increase in earnings per share for the next fiscal year[158]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[156].

Financial Performance - The company's operating revenue for 2021 was CNY 329,009,071.34, a decrease of 15.26% compared to CNY 388,244,929.38 in 2020[20] - The net profit attributable to shareholders for 2021 was CNY 44,087,780.91, representing a 36.73% increase from CNY 32,244,590.70 in 2020[20] - The net cash flow from operating activities decreased by 62.19% to CNY 25,028,853.29 in 2021 from CNY 66,195,285.75 in 2020[20] - The total assets increased by 43.95% to CNY 1,107,347,834.56 at the end of 2021, compared to CNY 769,275,218.09 at the end of 2020[20] - The net assets attributable to shareholders rose by 59.81% to CNY 1,026,771,637.38 at the end of 2021 from CNY 642,478,361.29 at the end of 2020[20] - The basic earnings per share for 2021 was CNY 0.1911, an increase of 26.31% from CNY 0.1513 in 2020[20] - The company reported a total revenue of ¥328,009,071.34 for the year, with a quarterly breakdown of ¥72,639,092.70 in Q1, ¥88,063,422.57 in Q2, ¥102,999,396.93 in Q3, and ¥65,307,159.14 in Q4[23] - The net profit attributable to shareholders was ¥16,329,780.48 in Q1, ¥16,712,440.29 in Q2, and ¥22,778,018.37 in Q3, but showed a loss of ¥11,732,458.23 in Q4, resulting in an annual net profit of ¥44,087,780.91[23] - The company achieved a comprehensive diluted earnings per share of ¥0.1859 for the year[21] - The gross margin for the semiconductor segment was 30.48%, a decrease of 1.64 percentage points compared to the previous year[45] Research and Development - The company has 52 patents, including 9 invention patents, and has participated in drafting 21 national or industry standards, showcasing its strong R&D capabilities[34] - The company is actively tracking and researching third-generation wide bandgap semiconductor materials and devices, such as silicon carbide and gallium nitride[5] - The company reported a significant increase in R&D expenses, totaling approximately 10.96 million in 2021, which is a 21.73% increase from 9.01 million in 2020[54] - The R&D investment as a percentage of operating revenue increased to 4.45% in 2021 from 3.30% in 2020[57] - The number of R&D personnel increased by 3.23% to 64 in 2021, with a notable rise in the proportion of staff under 30 years old[57] - The company has established three provincial-level research platforms and is engaged in ongoing collaborations with academic institutions to advance its technology[34] Market Strategy and Expansion - The company is focusing on expanding the sales and market share of products such as thyristors, rectifiers, IGBTs, and power electronic modules[5] - The company is actively pursuing market expansion opportunities, particularly in the context of domestic import substitution trends in the power semiconductor industry[31] - The company plans to enhance its product offerings in high-power semiconductor devices, with ongoing projects aimed at leading new technologies in this field[55] - The company aims to expand its market presence through the development of new products, including IGBT modules and high-pressure devices, to meet growing industry demands[56] - The company plans to accelerate market structure adjustments by increasing efforts to develop high-end customers in strategic emerging industries, optimizing and expanding its sales network[87] Financial Management and Investments - The company has initiated a private placement project, which may face risks related to macroeconomic conditions and market demand changes[6] - The company completed a non-public stock issuance to specific investors to support technology upgrades and development[40] - The company raised a total of CNY 35,000 million through a private placement of 23,411,371 shares at CNY 14.95 per share, with a net amount of CNY 34,267.92 million after deducting related issuance costs[76] - The company has cumulatively invested CNY 26,499.98 million in the project for upgrading high-power semiconductor devices, achieving a 100% investment progress[77] - The company reported an investment income of ¥4,819,576.86, accounting for 9.68% of total profit, primarily from cash management[63] - The company made a significant investment of ¥22,391,973.12 during the reporting period, a 215.44% increase compared to the previous year[69] Governance and Compliance - The company maintains a strong quality management system, certified under ISO standards, ensuring compliance with international safety and quality requirements[35] - The company has a robust governance structure with clear roles for the shareholders' meeting, board of directors, and supervisory board, ensuring effective decision-making[97] - The company has established an independent financial department with a complete accounting system and independent bank accounts for tax obligations[97] - The company has a history of compliance with regulatory requirements, as evidenced by the absence of significant penalties for its current and recent management[112] - The company has not engaged in any related party transactions that would compromise its independence or create conflicts of interest[98] Risks and Challenges - The company faces risks from market competition and technological advancements, necessitating a focus on R&D and high-end customer development to mitigate these risks[89] - The company faces risks of rising material costs, including silicon wafers, molybdenum sheets, copper materials, and shells, which may lead to a decline in gross profit margins[90] - The company plans to mitigate rising material costs by expanding sales volume, prepaying for materials to lock in prices, and securing supply[90] Employee and Shareholder Relations - The company has implemented a stock incentive plan in 2021 to align the interests of shareholders and the core team, enhancing cohesion[40] - The company has a structured approach to performance evaluation for senior management, linking compensation to company performance and individual contributions[112] - The company has implemented a cash dividend policy, emphasizing the protection of minority investors and ensuring clear standards and proportions for profit distribution[128] - The company reported a total of 237,171,371 shares as the basis for profit distribution, with a cash dividend of 0.00 CNY per 10 shares, resulting in a total cash dividend of 0 CNY[132] Legal Matters - The company is actively pursuing legal action to enforce compensation obligations related to performance commitments from previous years[153] - The company is involved in a lawsuit with Hubei Taiji Semiconductor Co., Ltd. regarding performance compensation and asset impairment, with a claimed amount of 171.56 million CNY[161] - Another lawsuit involves Huayu Daye Cultural Industry Group Co., Ltd. concerning a corporate loan dispute, with a claimed amount of 13.10 million CNY[161]

Financial Performance - The company's operating revenue for Q1 2022 was ¥70,230,696.91, a decrease of 3.32% compared to ¥72,639,092.70 in the same period last year[3] - Net profit attributable to shareholders was ¥10,199,846.33, down 37.54% from ¥16,329,780.48 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥8,758,713.35, a decline of 41.86% compared to ¥15,065,053.99 in the previous year[3] - The total profit for the reporting period was ¥11,885,600.00, a decrease of 38.16% compared to the previous year[9] - Net profit for Q1 2022 was CNY 9,953,747.71, down 38.5% from CNY 16,221,204.13 in the same period last year[23] - Earnings per share (EPS) for Q1 2022 was CNY 0.0432, compared to CNY 0.0766 in Q1 2021[23] - The company reported a total comprehensive income of CNY 9,928,985.39, down from CNY 16,227,226.80 in the previous year[23] Cash Flow and Investments - The net cash flow from operating activities improved to -¥6,743,981.59, an increase of 48.76% from -¥13,161,073.27 year-on-year[3] - Cash flow from operating activities was CNY 34,850,084.25, down from CNY 46,932,465.55 in the prior year[25] - The net cash flow from operating activities was -6,743,981.59, compared to -13,161,073.27 in the previous year, indicating an improvement[26] - Total cash inflow from investment activities was 80,031,836.08, significantly higher than 26,672,802.79 in the same period last year[26] - The net cash flow from investment activities was -10,734,479.53, compared to -5,121,214.21 in the previous year, reflecting increased investment outflows[26] - Cash inflow from financing activities was 9,203,200.00, a decrease from 346,459,261.45 in the previous year[27] - The net increase in cash and cash equivalents was -8,275,261.12, contrasting with an increase of 328,176,973.97 in the same period last year[27] - The ending balance of cash and cash equivalents was 342,795,896.14, down from 651,345,821.92 at the end of the previous year[27] - The company received 80,000,000.00 in cash from investment recoveries during the quarter[26] - The total cash outflow for investment activities was 90,766,315.61, compared to 31,794,017.00 in the previous year, indicating a significant increase in capital expenditures[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,135,835,919.19, reflecting a 2.57% increase from ¥1,107,347,834.56 at the end of the previous year[3] - The company's accounts receivable increased by 60.26% to ¥86,230,300.00, primarily due to increased credit terms during the pandemic[7] - Other payables rose by 122.81% to ¥15,160,000.00, mainly due to the implementation of stock incentives[8] - Total liabilities increased to CNY 93,616,099.40, up from CNY 76,367,600.16 year-over-year[21] - Total equity attributable to shareholders reached CNY 1,038,257,321.39, an increase from CNY 1,026,771,637.38 in the previous year[21] - The company's cash and cash equivalents decreased to RMB 345,319,403.01 from RMB 354,062,540.83[18] - Accounts receivable increased significantly to RMB 86,230,308.90 from RMB 53,805,608.37, indicating a growth of approximately 60.4%[19] - Inventory levels rose to RMB 117,534,643.18, up from RMB 101,306,211.84, reflecting a growth of about 16.0%[19] - The company’s long-term equity investments decreased to RMB 323,396.82 from RMB 447,843.05, indicating a reduction of approximately 27.8%[19] Stock Incentives and Management - The company granted 2,304,000 restricted stocks to 81 incentive targets as part of its 2021 incentive plan[16] - The total number of restricted shares released during the period was 640,000, primarily due to the company's stock incentive plan[15] - The company utilized RMB 65,000,000 of idle funds for cash management, including RMB 25,000,000 of its own funds and RMB 20,000,000 from IPO proceeds[16] - The company reported a decrease in financial expenses by 70.57% to -¥3,385,200.00, attributed to increased interest income[8] Reporting and Audit - The company did not conduct an audit for the first quarter report[28] - The report was released by the board of directors on April 21, 2022[29]

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]