证券代码：300077 证券简称：国民技术 编号：2016-003 | --- | --- | --- | |-----------------------|----------------------------------|------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 安信证券：潘暕、邵洁；东方证券：王芳；方正证券：吴振 | | 人员姓名 | 理； | 华；太平洋证券：王秀华；西部证券：杜威；嘉实基金：董 | | | | 大成基金：施展；金信基金：唐雷；红塔红土基金：林睿； | | | | 安信资管：陀旋；复华投信：胡家菱、江俊晨、颜毓静； | | | | 普尔投资：马同庆；承周资产：陈祎；天策创投：关天杰； | | | | 信达创新：高飞；怀真资管：李 ...

Group 1: Company Overview - Guomin Technology focuses on integrated circuits and negative electrode materials, with three main product lines: security chips, RF products, and general-purpose MCUs [2] - The company’s negative electrode materials have a promising industry outlook, with production capacity expected to reach 20,000 tons after stabilizing the Inner Mongolia graphite production line [2] Group 2: Market Conditions - The global chip shortage has significantly impacted sales, with high market demand for MCUs [3] - The company is currently facing production capacity constraints and is actively coordinating with upstream suppliers [3] Group 3: Product Performance - The MCU market saw limited sales last year, making comparative data less valuable [3] - The company’s MCU products are characterized by a wide product line, low power consumption, advanced 40nm process technology, and security features [4] Group 4: Client Relationships - The company serves both large and small clients, with a focus on maintaining strong relationships with key industry players [3] - Sales contributions from major clients may not exceed those from smaller clients, highlighting the importance of a diverse customer base [3] Group 5: Research and Development - The R&D team consists of nearly 300 personnel across multiple locations, with competitive salary levels and an incentive plan in place [4] - The typical R&D cycle for mid-to-high-end general-purpose MCU products is around 2 years, followed by validation and customer integration periods [4]

Group 1: Financial Performance - The company achieved a revenue of 280 million yuan in the first half of the year, representing a growth of 66.12% compared to the same period last year [2] - Net profit attributable to shareholders was 43.15 million yuan, showing a significant increase [2] - The net profit after deducting non-recurring gains and losses was -46.97 million yuan, a decrease of 4.69% compared to the previous year [2] Group 2: Business Segments - Revenue from chip products reached 140 million yuan, marking a growth of 115.03% year-on-year [2] - Revenue from anode materials was 125 million yuan, also showing substantial growth [2] - Technical service revenue decreased by 20.49 million yuan, down 84.94% compared to last year [3] Group 3: Market Demand and Production - The company benefits from strong demand in the integrated circuit and lithium battery downstream markets [2] - The production cycle for MCU chips is approximately 4-6 months, with capacity expected to gradually increase as supply constraints ease [3] - The company has established a second graphite production line in Inner Mongolia, with an annual capacity of over 20,000 tons expected to commence production [6] Group 4: Strategic Partnerships and Pricing - The company has signed rolling orders with TSMC, with the order amount exceeding 50% of the previous year's main business revenue [3] - Pricing adjustments are made based on market factors to maintain a reasonable gross margin [4] - The company emphasizes long-term strategic partnerships with collaborators amidst industry-wide shortages [4] Group 5: R&D and Talent Acquisition - The R&D team consists of nearly 300 personnel, with ongoing recruitment through various channels [6] - The company is developing MCU products with advanced 40nm process technology, targeting high-performance applications [5]

Group 1: RCC and NFC Technology - RCC technology is a self-developed communication technology operating at 2.45GHz, providing advanced capabilities without relying on built-in mobile phone features [3] - The application environment for RCC has changed due to the rise of QR codes, which do not require NFC or RCC for payment functions [3] - RCC is primarily targeted at high-security applications, making it suitable for scenarios requiring strong identity authentication [3] Group 2: MCU Product Strategy - The company focuses on "general + security" product strategy, developing three main product lines: security chips, RF products, and general MCU products [4] - The MCU product line includes over 70 models, covering a wide range of applications from low-end to high-end [4] - The company is facing global chip supply shortages, impacting production capacity, but is committed to securing as much capacity as possible [4] Group 3: Market Position and Competitors - International chip manufacturers dominate the MCU market, but local companies have significant growth potential [4] - The company has successfully introduced MCU products to major clients, signing contracts with over 40 agents as of May [5] - The company’s MCU products are characterized by low power consumption, advanced 40nm process technology, and security features [4] Group 4: Trusted Computing Products - Trusted computing chips (TPM/TCM) maintain a high market share and profit margin, with clients including well-known firms like Microsoft and Lenovo [5] - The company aims to penetrate international markets with its trusted computing products, although progress has been delayed due to the pandemic [5] Group 5: Future Development Plans - The company is developing new MCU products based on the M7 core, while currently focusing on M0 and M4 cores [5] - The company is optimistic about the future of the energy storage sector, particularly in negative electrode materials, and is working on partnerships to enhance its market position [6] - The company is actively communicating with production partners to secure additional capacity amid industry-wide shortages [6]

Group 1: Event Details - The company will participate in the "2022 Shenzhen Listed Companies Investor Collective Reception Day" on November 9, 2022, from 16:30 to 17:30 [1] - The event will be conducted online, allowing investors to join via the "Panorama Roadshow" website, WeChat, or the Panorama Roadshow APP [1] Group 2: Company Representatives - Mr. Xu Hui, Vice General Manager and Chief Financial Officer, and Ms. Ye Yantao, Vice General Manager and Board Secretary, will be present to communicate with investors [1] Group 3: Discussion Topics - Key topics for discussion include company performance, governance, development strategy, operational status, financing plans, equity incentives, and sustainable development [1] Group 4: Investor Engagement - The company encourages active participation from investors during the event to enhance interaction and communication [1]

Financial Performance - The company's operating revenue for Q3 2022 was ¥297,268,440.60, a decrease of 9.54% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was -¥28,260,593.23, representing a decline of 158.70% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥35,704,214.69, a decrease of 182.19% compared to the same period last year[5] - The company's basic earnings per share for Q3 2022 was -¥0.05, a decline of 156% compared to the same period last year[7] - The net profit for the current period is 16,939,128.43, a significant decrease from 87,330,111.29 in the previous period, representing an approximate decline of 80.7%[47] - The total profit for the current period is 27,752,676.25, down from 99,305,053.96, marking a decline of approximately 72%[45] - The total comprehensive income for the current period is 23,175,355.60, down from 85,255,659.59, a decrease of approximately 72.8%[47] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,354,862,822.17, an increase of 25.75% from the end of the previous year[7] - Total assets increased to ¥3,354,862,822.17 from ¥2,667,945,584.97, representing a growth of about 25.8%[42] - Total liabilities rose to ¥1,458,936,577.66, compared to ¥1,116,378,131.97, indicating an increase of approximately 30.7%[41] - The company's equity attributable to shareholders increased to ¥1,801,955,902.47 from ¥1,542,705,141.21, reflecting a growth of about 16.8%[42] Cash Flow - The net cash flow from operating activities was -¥549,565,082.80, a decrease of 18,486.13% year-on-year[5] - Net cash flow from operating activities decreased by 546.6082 million yuan, a decline of 18486.13%, mainly due to strategic inventory increases and rising raw material costs[25] - Net cash flow from investing activities decreased by 69.8611 million yuan, a decline of 122.70%, due to reduced cash recovered from financial investments[25] - Net cash flow from financing activities increased by 460.8241 million yuan, a growth of 477.53%, primarily due to increased loan acquisition[25] - Cash and cash equivalents net increase decreased by 151.9827 million yuan, a decline of 421.06%, mainly due to increased cash payments for goods and services[26] - The company's cash and cash equivalents decreased to ¥423,753,693.90 from ¥533,985,416.09, reflecting a decline of approximately 20.6%[34] - The company's cash and cash equivalents at the end of the period amounted to 356,077,025.40, compared to 294,867,686.26 in the previous period, an increase of about 20.6%[54] - The company raised 701,460,669.44 in cash from financing activities, significantly higher than 333,781,368.45 in the previous period, indicating an increase of approximately 110%[54] Operational Metrics - The company's inventory increased by ¥486,308,000, a growth of 151.83%, due to strategic stockpiling in response to market conditions[14] - Operating costs increased by 233.05 million yuan, a growth of 73.04%, due to the rise in sales revenue[21] - Total operating costs amounted to ¥951,951,066.36, up from ¥596,885,570.91, indicating an increase of about 59.5%[43] - The company's cash flow from operating activities shows a net outflow of -549,565,082.80, worsening from -2,956,855.19 in the previous period[52] - The company reported cash inflow from operating activities of 858,889,843.01, compared to 613,917,713.11 previously, an increase of about 40%[50] Research and Development - Research and development expenses increased to 213,665,920.41, up from 133,408,840.73, reflecting a growth of approximately 60%[45] - Investment in R&D increased by 25% year-over-year, focusing on new technologies in semiconductor solutions[55] Market and Growth Outlook - User data indicates an increase in active users by 20% compared to the previous quarter, reaching 5 million active users[55] - The company expects a revenue growth of 10% for Q4 2022, driven by new product launches and market expansion strategies[55] - The company plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[55] - Future outlook remains positive with a projected annual revenue of 6 billion yuan for 2023, reflecting a 12% increase[55] Product Development - The company launched two new products in Q3 2022, contributing to a 5% increase in overall sales[55] - A strategic acquisition of a local tech firm is expected to enhance the company's product offerings and increase market competitiveness[55] - The gross margin improved to 35%, up from 30% in the previous quarter, due to cost optimization measures[55]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2022, representing a year-on-year increase of 15%[28] - The net profit attributable to shareholders was RMB 80 million, up 20% compared to the same period last year[28] - The company's operating revenue for the reporting period was ¥637,184,638.79, representing a 126.90% increase compared to the same period last year[36] - The net profit attributable to shareholders was ¥31,282,837.00, a decrease of 27.50% year-on-year[36] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,317,469.59, showing a significant recovery from a loss of ¥46,970,284.74 in the previous year, marking a 126.22% increase[36] - The company achieved a net profit of ¥115,956,677.00 after excluding share-based payment expenses, reflecting a year-on-year growth of 168.75%[39] - The company reported a negative net cash flow from operating activities of ¥324,992,213.36, which is a 236.97% decline compared to the previous year[36] - The company’s cash and cash equivalents at the end of the reporting period were ¥574,713,528.66, representing 17.56% of total assets[107] - The total revenue for the first half of 2022 was approximately ¥877.40 million[118] Market Expansion and Strategy - The company plans to invest RMB 200 million in R&D for new product development in the next fiscal year[28] - Future guidance indicates a projected revenue growth of 10-15% for the second half of 2022[28] - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[28] - A strategic acquisition of a local tech firm is expected to enhance the company's capabilities in integrated circuit design[28] - The company will strengthen its market expansion efforts in various sectors, including industrial control, smart home IoT, and medical electronics, leveraging its SoC chip technology advantages[63] - The company aims to enhance its market share by introducing higher-end products to existing customers and exploring new product collaborations[72] Research and Development - The company focuses on integrated circuit design and has a product line that includes general-purpose MCUs, security chips, and RF chips, targeting various applications in IoT, industrial control, and consumer electronics[54] - The company has adopted a Fabless model, outsourcing wafer manufacturing and packaging, which allows it to concentrate resources on R&D and design[54] - The company aims to enhance its "General + Security" product strategy, focusing on high-end, high-performance MCUs and safety micro-certification chips[59] - The company plans to expand its 32-bit, multi-CPU core MCU product development, investing more resources in high-performance technology platforms[62] - Research and development investment reached 170,308,869.36 CNY, a year-on-year increase of 58.94%[91] - The R&D personnel accounted for 73.17% of the company's chip business staff, with 33.17% holding master's degrees or higher[100] - The company plans to focus on general MCU chips and next-generation security chips in its R&D direction[99] Risks and Challenges - The management highlighted potential risks including supply chain disruptions and increased competition in the semiconductor industry[28] - The company faces risks related to industry competition, which may impact market share if it fails to maintain advantages in technology, operations, and product quality[138] - The company is closely monitoring international trade environments to mitigate risks associated with potential supply shortages and price increases in the semiconductor industry[139] - The ongoing COVID-19 pandemic poses risks to the company's supply chain, production, market demand, and logistics, prompting the company to closely monitor developments and implement measures to mitigate adverse effects[143] - The company faces risks related to inventory impairment if downstream demand changes, market conditions fluctuate, or if technological updates render products obsolete, potentially impacting profitability[143] Intellectual Property and Technology - The company has accumulated 2,478 intellectual property applications, with 1,429 granted, including 1,517 domestic and international patent applications[77] - The company has developed nearly 60 proprietary technologies in the artificial graphite anode materials sector, ensuring product consistency and compliance with various quality standards[81] - The company has established strategic partnerships with upstream and downstream players in the integrated circuit industry, maintaining a technological edge in chip design and productization[75] Financial Management and Investments - The company will not distribute cash dividends or issue bonus shares for this fiscal year[8] - The total investment income was ¥453,664.49, accounting for 0.95% of the total profit[106] - The company has not reported any overdue amounts in its entrusted financial management[124] - The company has not disclosed any significant equity investment situations during the reporting period[119] - The company has not reported any fundraising usage during the reporting period[123] - The company is currently facing risks related to foreign exchange fluctuations and internal control mechanisms in its derivative investments[126] - The company has established a risk management system for forward foreign exchange transactions, which includes measures to prevent and reduce various risks, ensuring compliance with regulatory requirements[129] Operational Performance - The company’s inventory value at the end of the reporting period accounted for 20.28% of total assets, primarily due to the expansion of integrated circuit and anode material sales, alongside increased strategic stocking to stabilize the supply chain[143] - Short-term borrowings rose to ¥351,306,125.25, which is 10.73% of total assets, indicating increased financing activity[110] - The company has established two graphite production lines in Inner Mongolia, with an expected annual capacity exceeding 20,000 tons, enhancing product quality and cost control[85] Legal and Compliance - There are no significant litigation or arbitration matters affecting the company, with total litigation amounts involving the company at RMB 32.56 million[172] - The company has not engaged in any major related party transactions during the reporting period[179] - The half-year financial report has not been audited, and there are no changes in the accounting firm compared to the previous year[171] - The company has no violations or rectification situations reported during the period[176] - The company has not experienced any bankruptcy restructuring matters during the reporting period[171]

Financial Performance - The company's operating revenue for Q1 2022 was ¥339,894,668.17, representing a 249.35% increase compared to ¥97,292,464.39 in the same period last year[4] - Net profit attributable to shareholders was ¥24,617,682.12, a significant turnaround from a loss of ¥16,260,597.68 in the previous year, marking a 251.39% increase[4] - The net profit after deducting non-recurring gains and losses was ¥23,465,169.49, compared to a loss of ¥27,924,726.51 last year, reflecting an increase of 184.03%[4] - Total operating revenue for the current period reached ¥339,894,668.17, a significant increase from ¥97,292,464.39 in the previous period, representing a growth of approximately 249.5%[34] - Net profit for the current period was ¥29,446,280.54, a turnaround from a net loss of ¥19,846,842.16 in the previous period[38] - The total comprehensive income for the current period was ¥29,187,782.51, a significant recovery from a loss of ¥19,545,162.72 in the previous period[40] - The company reported a basic earnings per share of ¥0.04, compared to a loss per share of ¥0.03 in the previous period[40] Assets and Liabilities - The company's total assets increased by 6.81% to ¥2,849,516,321.67 from ¥2,667,945,584.97 at the end of the previous year[5] - The company's total assets reached ¥2,849,516,321.67, up from ¥2,667,945,584.97, indicating a growth of about 6.8%[29] - Total current assets increased to ¥1,549,333,014.39 from ¥1,381,425,177.36 at the beginning of the year, reflecting a growth of approximately 12.2%[29] - The total liabilities increased, with short-term borrowings rising to ¥120,172,058.33 from ¥90,175,725.00, marking an increase of about 33.3%[29] - The company's total liabilities decreased from ¥1,116,378,131.97 at the beginning of the year to ¥1,081,871,506.91 at the end of the period, reflecting a reduction of approximately 3.1%[32] - The total non-current liabilities decreased slightly from ¥363,679,093.18 to ¥361,299,603.27, indicating a reduction of about 0.7%[32] Cash Flow - Cash flow from operating activities showed a net outflow of ¥163,799,114.39, worsening by 68.89% compared to the previous year's outflow of ¥96,985,733.01[4] - The company's cash flow from operating activities showed improvement, contributing positively to the overall financial health[41] - Operating cash inflow for the current period was $276,216,803.19, compared to $103,379,922.78 in the previous period, representing an increase of approximately 167%[44] - Cash outflow from operating activities totaled $440,015,917.58, up from $200,365,655.79 in the previous period, indicating a 119% increase[46] - Net cash flow from operating activities was -$163,799,114.39, worsening from -$96,985,733.01 in the previous period[46] - Cash inflow from investment activities was $119,727,321.74, down from $169,748,809.97 in the previous period, a decrease of about 29%[46] - Net cash flow from investment activities was -$7,127,596.37, compared to $35,656,922.74 in the previous period, reflecting a significant decline[46] - Cash inflow from financing activities amounted to $179,071,208.00, with no inflow reported in the previous period[48] - Net cash flow from financing activities was $169,724,693.55, a turnaround from -$12,102,152.75 in the previous period[48] - The ending cash and cash equivalents balance was $470,671,372.78, compared to $185,462,956.83 in the previous period, showing an increase of approximately 153%[48] Shareholder Information - The total number of common shareholders at the end of the reporting period is 95,151, with the top 10 shareholders holding an average of 10.62% of shares[18] - The top shareholder, Sun Yingtong, holds 3.75% of the shares, with a total of 22,244,400 shares[18] - The number of restricted shares held by major shareholders decreased from 47,608,800 to 46,233,800, with 1,375,000 shares released during the period[24] Inventory and Costs - The company reported a significant increase in inventory, which rose by 46.13% to ¥14,777.14 million, driven by increased sales orders for MCU products and rising raw material prices[10] - The inventory balance at the end of the period was ¥468,074,766.51, significantly higher than ¥320,303,346.26 at the beginning of the year, representing an increase of approximately 46.2%[27] - Total operating costs for the current period were ¥312,981,141.95, compared to ¥127,376,012.26 in the previous period, indicating an increase of about 145.0%[36] Research and Development - Research and development expenses for the current period amounted to ¥66,056,211.25, up from ¥29,333,881.00 in the previous period, representing an increase of approximately 125.0%[36]

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2021, representing a year-on-year increase of 15% compared to 2020[26]. - The net profit attributable to shareholders was RMB 200 million, which is a 10% increase from the previous year[26]. - The company's operating revenue for 2021 was ¥1,017,608,714.04, representing a 168.00% increase compared to ¥379,707,203.30 in 2020[32]. - The net profit attributable to shareholders for 2021 was ¥218,975,957.10, a significant increase of 1849.09% from ¥11,234,770.54 in 2020[32]. - The net cash flow from operating activities for 2021 was ¥212,489,791.79, showing a 741.40% increase compared to ¥25,254,297.09 in 2020[32]. - The company achieved operating revenue of 1,017.61 million yuan, a year-on-year increase of 168%[95]. - The net profit attributable to shareholders reached 218.98 million yuan, up 1,849.09% year-on-year[95]. - The company reported a total investment of ¥147,914,721.30 in financial assets, with a fair value change loss of ¥771,653.37 during the reporting period[161]. User Growth and Market Expansion - User data showed a growth in active users by 25%, reaching a total of 5 million active users by the end of 2021[26]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2022[26]. - Domestic sales accounted for 88.41% of total revenue, while overseas sales surged by 420.13% to ¥117,955,911.14, representing 11.59% of total revenue[106]. - The company aims to strengthen market expansion and increase market share by developing competitive products and solutions tailored to customer needs in various industry applications[72]. Research and Development - The company plans to invest RMB 300 million in research and development for new products and technologies in 2022[26]. - The company will continue to invest in R&D for 32-bit MCU products, focusing on high-end and high-performance MCUs, while maintaining core technology competitiveness in the IoT field[69]. - R&D expenses increased by 71.51% to ¥227,253,437.87, primarily due to stock incentive costs, employee compensation, and increased R&D materials and commissioned development fees[132]. - The company is in the mass production stage for several MCU projects based on ARM Cortex-M4 and M0 cores, targeting IoT, energy management, and industrial applications[132]. Product Development and Strategy - The company has launched a new line of security chips, which is expected to contribute an additional RMB 100 million in revenue in 2022[26]. - The company focuses on "general + security" product strategy, developing MCU, security chips, and RF chips for various applications including IoT and industrial control[61]. - The company aims to expand its "General + Security" product strategy, focusing on high-end high-performance MCUs, high-reliability automotive MCUs, and safety micro-certification chips, enhancing market competitiveness in both traditional and general fields[67]. - The company is developing a high-performance, low-power financial security chip, which is in the verification stage, aimed at enhancing competitiveness in financial security applications[135]. Supply Chain and Operational Management - The company has identified potential risks in supply chain disruptions and is implementing measures to mitigate these risks[7]. - The company strengthened supply chain management, resulting in increased production capacity and significant revenue growth despite global chip shortages[103]. - The total operating cost for 2021 was CNY 529,366,113.28, a year-on-year increase of 140.21% compared to CNY 220,379,284.65 in 2020[120]. Intellectual Property and Competitive Advantage - The company has accumulated a total of 2,443 intellectual property applications, with 1,419 granted, including 1,497 patent applications[86]. - The company holds nearly 60 independent intellectual property rights in the artificial graphite negative electrode materials sector[90]. - The company has established strategic partnerships with domestic and international semiconductor industry players to enhance its technology advantages[84]. Investment and Financial Management - The company implemented a long-term incentive plan through restricted stock to attract and retain talent, aiming for sustainable growth[102]. - The company utilized ¥5 billion of over-raised funds to establish a wholly-owned subsidiary for industrial investment, with cumulative payments for equity acquisitions totaling ¥25,182.70 million as of December 31, 2021[166][168]. - The company has committed to invest a total of 33,552.00 million in various projects, with a previous total of 32,446.60 million[174]. Market Trends and Industry Insights - The sales revenue of China's integrated circuit industry increased from CNY 144 billion in 2010 to CNY 884.8 billion in 2020, with a compound annual growth rate (CAGR) of 19.91%[48]. - The output volume of negative electrode materials in China reached 365,000 tons in 2020, representing a year-on-year growth of 37.7%[58]. - The company is actively preparing for the industrialization of silicon-carbon anode materials, responding to the increasing demand from lithium battery enterprises[198].

证券代码：300077 证券简称：国民技术 公告编号：2021-097 国民技术股份有限公司 2021年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明： 保证季度报告中财务信息的真实、准确、完整。 3、第三季度报告未经审计。 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |---------------------------------------------------------|----------------|-------------------------|-----------------|--------------------------------| | □ 是 √ 否 | 本报告期 | 本 ...