Financial Performance - The company's operating revenue for 2022 was ¥3,151,631,375.78, a decrease of 5.02% compared to ¥3,318,357,060.00 in 2021[23]. - The net profit attributable to shareholders for 2022 was ¥199,346,560.26, down 34.42% from ¥303,972,437.37 in 2021[23]. - The net profit after deducting non-recurring gains and losses was ¥157,098,189.66, a decline of 40.40% from ¥263,570,346.48 in 2021[23]. - The total assets at the end of 2022 were ¥5,634,235,397.17, a decrease of 0.98% from ¥5,690,133,495.04 at the end of 2021[23]. - The net assets attributable to shareholders increased by 6.09% to ¥3,970,407,143.49 at the end of 2022, compared to ¥3,742,354,867.02 at the end of 2021[23]. - The basic earnings per share for 2022 were ¥0.2335, down 40.63% from ¥0.3933 in 2021[23]. - The company reported a total cash dividend of 110,031,186.80 CNY, representing 100% of the total profit distribution amount[171]. - The cash dividend per 10 shares was set at 1.2790 CNY (including tax) based on a total share capital of 860,290,749 shares[174]. Market and Industry Trends - The company operates in the electronic components industry, focusing on the design and manufacturing of magnetic and RF components, with applications across various sectors including communication and automotive electronics[34][35]. - In 2022, China's electronic information manufacturing industry saw a revenue growth of 5.5% year-on-year, but the growth rate declined by 9.2 percentage points compared to the previous year, with a gross profit margin of 4.8%, down 1.1 percentage points[37]. - The demand for traditional electronic applications, such as communication terminals, turned weak, significantly impacting the entire industry chain, while the demand for communication equipment and data center-related industries continued to grow, albeit at a slower pace[36]. - The rapid growth of the new energy vehicle market has helped the electronic components industry offset some declines from other market areas, providing a solid foundation for demand growth over the next three to five years[36]. - The domestic electronic components industry is undergoing a transformation from a manufacturing power to a strong manufacturing nation, with a focus on enhancing product value and reducing reliance on foreign high-end technologies[37]. Research and Development - The company has achieved a high product qualification rate, maintaining a leading position in quality management with certifications such as ISO9001:2015 and IATF16949:2016[58]. - The company has invested in key projects such as the magnetic device R&D center and materials research institute to enhance its product development and supply capabilities in automotive electronics and other sectors[57]. - The R&D strategy emphasizes collaboration with key customers and technologies, enhancing core competitiveness through independent innovation and external partnerships[45]. - The company aims to enhance its R&D capabilities and automation production capacity to meet customer demands and achieve significant market growth[93]. - The company’s R&D investment amounted to ¥166,089,475.20 in 2022, representing 5.27% of total revenue, an increase from 4.51% in 2021[94]. Strategic Initiatives - The company plans to enhance its R&D and manufacturing capabilities in the new energy vehicle and server sectors, aiming to solidify its market position[62]. - The company is actively exploring new markets in electric vehicles, photovoltaics, and energy storage, with expectations for increased orders and deliveries in these sectors[67]. - The company is committed to continuous investment in technology innovation and strategic acquisitions to enhance its competitive edge in the electronic components industry[49]. - The company aims to stabilize its business by expanding its international customer base while focusing on the smart automotive and new energy markets[120]. - The company plans to focus on the core markets of 5G and smart terminals while accelerating its layout in smart automotive, META, IoT, and new energy sectors during the "14th Five-Year" strategic planning period[119]. Governance and Compliance - The governance structure of the company is complete and operates in accordance with the requirements of the Corporate Governance Code and the Shenzhen Stock Exchange's regulations[131]. - The company actively manages investor relations, enhancing communication with investors to improve the management level of investor relations[131]. - The company has strengthened its internal control system and improved its governance level through institutional and standardized construction[131]. - The company ensures that all shareholders, especially minority shareholders, fully exercise their rights to information and participation[131]. - The company complies with the requirements of the Company Law, Securities Law, and other relevant regulations in its governance practices[131]. Employee and Talent Management - The company has a total of 3,488 employees, with 2,793 in production, 335 in technology, and 73 in sales[167]. - The company plans to enhance training for new and existing employees in 2023, focusing on core technology personnel[169]. - The company is focusing on attracting, cultivating, and incentivizing talent to overcome potential talent shortages and ensure sustainable development[123]. - The number of R&D personnel increased by 6.69% to 335 in 2022, with a significant rise in bachelor's degree holders by 105.80%[94]. Financial Management - The company has utilized RMB 787,000,000 of idle raised funds for cash management, with a remaining balance of RMB 215,000,000 in unredeemed financial products as of December 31, 2022[111]. - The company has not sold any significant assets during the reporting period[113]. - The company has a goodwill balance of 264 million yuan as of the end of 2022, with 100 million yuan from Xingyuan Electronics and 164 million yuan from Jinzhi Chuan[124]. - The company completed the design and small batch trial production of high-efficiency, compact common mode inductors, enhancing its competitive edge[93]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2022[191].

Group 1: Company Overview - The company is Shenzhen Micron Technology Co., Ltd., with stock code 300319 and abbreviation "Micron Technology" [1] - The investor relations activity took place on January 4, 2017, from 10:30 to 11:30 AM [2] Group 2: SAW Filter Technology - Surface Acoustic Wave (SAW) filters are essential components in mobile communication, allowing specific frequency bands to pass while blocking others [3] - SAW filters are primarily used in mobile RF front-end modules, particularly in smartphones, and are becoming mainstream in high-end products across various electronic fields [3][4] Group 3: Market Demand and Growth - The rapid development of mobile communication technologies has led to explosive growth in SAW filter usage, with a significant increase in demand as networks evolve from 2G to 4G and beyond [4] - The global smartphone shipment reached 1 billion units in 2013, with a surge in 4G smartphone shipments in 2014 [5] - By 2015, global smartphone shipments were 1.4329 billion units, with a projected growth rate of 7.9% annually, expected to reach 1.9 billion units by 2019 [6] Group 4: SAW Market Capacity - The estimated market demand for SAW filters is projected to be 28.658 billion units in 2015 and 38 billion units in 2019, with corresponding market sizes of $2.8658 billion and $3.8 billion [7] - Each smartphone is estimated to use 20 to 50 SAW filters, with a unit value ranging from $0.1 to $1 [6][7] Group 5: Competitive Landscape - Major competitors in the SAW filter market include Japanese companies Murata, Taiyo, TDK (EPCOS), and WISOL from South Korea [9][10] - Murata is the largest global supplier of SAW devices, while EPCOS is known for its advanced technology in SAW components [10] Group 6: Production Capacity and Investment - Micron Technology's SAW project is expected to reach a production capacity of 940 million units by 2019, which is only 2.47% of the global annual demand [8] - The company is currently in the small-batch trial production phase, with investments aimed at accelerating production and market entry [11][12]

Company Overview - Shenzhen Micron Technology Co., Ltd. was established in 2001, primarily producing electronic components such as inductors and filters. The company was listed on the Shenzhen Stock Exchange in May 2012 [3] - The main products before IPO were multilayer inductors and LTCC filters, with IPO funds primarily used for winding inductors development [3] - In 2016, the company raised funds to develop integrated inductors and SAW filters, starting differentiated competition with similar companies [3] Financial Performance - The company experienced a turning point in Q3 2019, attributed to the profit contributions from two fundraising projects [3] - Approximately 850 million RMB was raised in late 2016 for the development of SAW filter packaging technology and MPIM small-sized inductor production projects [3][4] - The monthly shipment of integrated inductors reached around 100 million units, with demand exceeding supply since Q3 2019 [4] Product Development - Integrated inductors are crucial for power management, especially in high-current, low-power consumption applications. They are increasingly used in high-end smartphones from brands like Samsung and Apple [4] - The SAW filter project began in 2014, with production starting in 2016. The domestic market's supply is currently dominated by foreign companies, with a market space for over 40 SAW filters per 4G smartphone, priced between $0.1 to $0.2 each [4][5] - The company aims to increase SAW filter production capacity to 100 million units per month by next year [4] Growth Drivers - The core growth logic includes benefiting from the 5G industry development, with integrated inductors already introduced in base stations and servers. The demand for LTCC filters in 5G base stations is significant, with one macro base station requiring 416 filters [5] - The number of 5G base stations is expected to grow from less than 500,000 this year to 1.5 million next year, representing a substantial profit growth source for the company [5] - The acceleration of domestic substitution for imported components due to the US-China trade war has led to increased orders for domestic products, with major clients like Huawei and OPPO seeking local suppliers [5][6] Production Capacity and Future Plans - The company is actively preparing for capacity expansion due to the current saturation of orders and the increasing demand for inductors [6] - The production yield for SAW filters is over 90%, with a dedicated R&D team working on new filter technologies [7] - The company is currently leasing facilities but is constructing a new smart park expected to be operational next year, which will house new production lines [7] LCM Product Performance - The LCM product line, primarily produced by a subsidiary, has successfully transitioned from white-label clients to brand clients, ensuring stable orders and reducing bad debt risks. Revenue for LCM is around 500 million RMB for the first three quarters of the year [7]

Company Overview - Established in 2001, listed on the Shenzhen Stock Exchange in 2012 [2] - Revenue grew from RMB 1.31 billion in 2011 to RMB 33.18 billion in 2021, with a compound growth rate of 36.78% [2] - Main products include magnetic components (e.g., integrated power inductors, wire-wound inductors), RF components (e.g., LTCC filters, SAW filters, BAW filters), and LCM display modules [2][3] Production Capacity - High-end small-size inductors: 6 billion units/year [3] - LTCC RF components: 2.5 billion units/year [3] - SAW filters: 3 billion units/year [3] - Custom magnetic devices: 140 million units/year, with plans to expand by 24 million units/year [3] Market and Industry - Downstream applications include communication networks, consumer electronics, cloud computing, new energy, IoT, industrial control, and security equipment [3] - Consumer electronics market experienced a downturn in Q3 2022, with global smartphone shipments revised down to 1 billion units from an initial forecast of 1.4 billion units [3][4] Product Development - Integrated inductors account for 15-16% of revenue, approximately RMB 500 million in 2021 [4] - Advantages of integrated inductors include better structural design and electrical performance, with applications in smartphones and automotive electronics [4] - SAW filter production capacity is 300 million units/month, with high utilization rates [5] New Energy and Automotive - New energy business accounts for 10% of Xingyuan Electronics' revenue and 20-30% of Jinzhichuan's revenue [4] - Focus on automotive electronics and energy storage, with products like OBC, DC/DC, and drive inverters [4] - Key customers include BYD, Aptiv, Inovance, and Megmeet [5] Future Plans - BAW filter samples expected in Q4 2022 [5] - Mini-LED production line to be established in 2023 [6] - Expansion of automotive electronics building to increase output by RMB 700 million to RMB 1 billion [3] Challenges - SAW filters lag behind Japanese and American competitors in terms of product variety and quality yield [5] - Mini-LED production faces challenges due to immature equipment and high costs [6]

深圳市麦捷微电子科技股份有限公司 2022 年第三季度报告 证券代码：300319 证券简称：麦捷科技 公告编号：2022-057 深圳市麦捷微电子科技股份有限公司 2022 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.第三季度报告是否经过审计 □是 否 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 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|--------------------------|- ...

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%[25]. - The company's operating revenue for the reporting period was ¥1,591,695,385.42, a decrease of 3.45% compared to the same period last year[33]. - The company reported a total revenue of 1,202.6 million yuan for the reporting period[155]. - Net profit attributable to shareholders was ¥89,841,350.12, down 35.39% year-on-year[33]. - Basic earnings per share were ¥0.1054, down 47.22% from ¥0.1997 in the same period last year[33]. - The main business unit achieved sales revenue of 448 million yuan, a decline of 16.52% year-on-year, with net profit dropping 72.31%[84]. - The subsidiary Xingyuan Electronics reported revenue of 885 million yuan, a decrease of 4.53%, while net profit increased by 174.40% to 36.73 million yuan[86]. - The subsidiary Jinzhi Chuan achieved revenue of 274 million yuan, an increase of 46.98%, with net profit rising 81.10% to 30.51 million yuan[87]. Profitability and Margins - The gross profit margin for the first half of 2022 was 35%, compared to 30% in the same period last year, indicating improved profitability[25]. - The company's gross profit margin for electronic components was 22.06%, down 9.30% year-on-year[96]. - The gross profit margin for LCM liquid crystal display modules was 13.57%, an increase of 1.84% compared to the previous year[96]. - The net profit after deducting non-recurring gains and losses was ¥76,789,106.78, a decrease of 32.91% compared to the previous year[33]. Research and Development - The company plans to invest RMB 100 million in R&D for new product development in the next fiscal year, focusing on 5G and IoT technologies[25]. - Research and development expenses increased by 9.51% to ¥82,989,838.51, indicating a focus on innovation[92]. - The R&D strategy emphasizes collaboration with key customers and focuses on innovative product development, following APQP and IPD processes[60]. - The company has received 142 authorized patents as of June 30, 2022, including 31 invention patents, showcasing its commitment to innovation and technology development[72]. Market Expansion and Strategy - User data showed a 20% increase in active users for the company's products, reaching 1 million active users by June 30, 2022[25]. - The company has expanded its market presence in Southeast Asia, achieving a 25% growth in sales in that region compared to the previous year[25]. - Future guidance indicates an expected revenue growth of 10-15% for the second half of 2022, driven by new product launches and market expansion[25]. - The company is actively expanding into emerging markets such as automotive electronics and photovoltaics, leveraging its market advantages to establish connections with leading manufacturers[76]. Risks and Challenges - The company is facing potential risks related to supply chain disruptions and semiconductor shortages, which may impact future production[5]. - The electronic components industry is experiencing both challenges and opportunities due to global inflation and geopolitical conflicts, with a focus on new energy sectors[44]. - The feasibility of fundraising investment projects is contingent on market conditions and technological advancements, with potential risks of project delays and cost overruns[126]. Sustainability and Corporate Responsibility - The company aims to enhance its sustainability practices and has set a goal to reduce carbon emissions by 30% by 2025[5]. - The company emphasizes the protection of shareholder rights and adheres to strict information disclosure obligations[145]. - The company has implemented measures to protect employee rights, including compliance with labor laws and providing social insurance[146]. Corporate Governance and Shareholder Engagement - The company held its first extraordinary general meeting of shareholders on March 31, 2022, with a participation rate of 32.66%[134]. - The annual general meeting of shareholders for 2021 took place on May 13, 2022, with a participation rate of 32.78%[134]. - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period[136]. Legal Matters - The company is involved in several ongoing lawsuits with amounts in dispute, including 1.12 million CNY related to a contract dispute with Jiuyuan Electronics[157]. - The company is appealing a civil judgment requiring it to pay 1.12 million CNY plus overdue interest at an annual rate of 5.7%[157]. - The company has ongoing arbitration proceedings regarding a procurement contract dispute with Jiuyuan Electronics, with a claim amount of 1.12 million CNY[157].

Financial Performance - The company's revenue for Q1 2022 was ¥799,087,735.37, representing a 19.17% increase compared to ¥670,568,253.73 in the same period last year[4] - Net profit attributable to shareholders was ¥43,788,866.58, a decrease of 33.88% from ¥66,227,595.44 in the previous year[4] - The net profit after deducting non-recurring gains and losses was ¥34,119,757.44, down 33.63% from ¥51,410,873.33 year-on-year[4] - Total operating revenue for the current period reached ¥799,087,735.37, an increase of 19.2% compared to ¥670,568,253.73 in the previous period[44] - Net profit for the current period was ¥47,958,552.85, a decrease of 30.3% compared to ¥68,814,169.79 in the prior period[47] - The total comprehensive income for the period was 47,939,807.88, compared to 68,821,781.52 in the previous period, reflecting a decrease[51] - The total comprehensive income attributable to the parent company was 43,770,121.61, down from 66,235,207.17, a decrease of about 33.9%[51] - Basic earnings per share decreased to 0.0514 from 0.0952, reflecting a decline of approximately 46.0%[51] Cash Flow - The net cash flow from operating activities increased by 42.27% to ¥166,369,535.66, compared to ¥116,937,642.62 in the same period last year[4] - Cash received from sales of goods and services was 722,618,282.53, up from 592,439,525.54, representing an increase of about 22.0%[52] - Cash received from government subsidies related to operations increased by 179.61% to ¥90,573,759.55[12] - The company reported a foreign exchange impact on cash and cash equivalents of 857,042.28, compared to 1,578,963.59 in the previous period[58] - Net cash flow from investing activities was -235,469,162.40, worsening from -115,628,109.47 in the previous period[55] - Net cash flow from financing activities was -132,225,748.97, compared to -107,969,030.33 in the prior period, indicating a decline[58] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,608,812,518.03, a decrease of 1.43% from ¥5,690,133,495.04 at the end of the previous year[4] - Total liabilities decreased from ¥1,859,324,368.46 to ¥1,707,668,823.82, a reduction of 8.1%[42] - The total equity increased from ¥3,830,809,126.58 to ¥3,901,143,694.21, an increase of 1.8%[42] - The company's total current assets amounted to approximately 3.015 billion yuan, a decrease from 3.171 billion yuan at the beginning of the year[37] - The company's cash and cash equivalents were approximately 823.90 million yuan, down from 1.024 billion yuan at the beginning of the year[37] Expenses - Total operating costs amounted to ¥746,078,801.03, up 24.9% from ¥596,988,654.42 in the prior period[44] - Management expenses increased by 44.55% to ¥26,596,179.04 due to stock incentive fees and rising labor costs[12] - Research and development expenses were ¥41,936,659.71, representing a 27.3% increase from ¥32,941,036.67 in the previous period[47] - Financial expenses decreased by 129.62% to -¥875,291.08, attributed to increased interest income and reduced financing amounts[12] Investments and Subsidies - The company received government subsidies amounting to ¥7,657,357.51 during the reporting period[7] - The company reported a 105.61% increase in interest income to ¥2,371,773.78 due to an increase in available funds[12] - The company recorded a 11246.66% increase in investment income to ¥1,879,985.74 from trading financial assets[12] - Cash flow from operating activities increased by 42.27% to ¥166,369,535.66, driven by higher sales and increased government subsidies[12] Shareholder Information - The company reported a total of 72,000,000 restricted shares held by Shenzhen Tefa Group Co., Ltd. as of the end of the period[19] - The company had 3,529,412 restricted shares released during the period, resulting in a total of 0 restricted shares for the fund managed by Caixin Fund - Ningbo Bank - Sichuan Puxin Asset Management Co., Ltd.[19] - The total number of restricted shares for the fund managed by Caixin Fund - Hunan Qingsalt Venture Capital Management Co., Ltd. was 4,705,882, which were fully released by January 17, 2022[19] - The company issued restricted shares to various funds, with all funds having their restrictions lifted by January 17, 2022, indicating a significant liquidity event for these assets[19] - The strategic management of restricted shares reflects the company's commitment to transparency and shareholder value enhancement[19] Business Operations - The company is actively expanding its new energy business market while ensuring the fulfillment of core product orders[32] - The company has achieved significant progress in the R&D of the BAW project during the market slowdown[32] - The company has implemented cost control measures to enhance efficiency and reduce expenses[32] - The company has changed its registered address to a new location in Shenzhen as of January 2022[34]

Financial Performance - The company reported a total revenue of 861.17 million RMB for the year 2021, marking a year-on-year increase of 20%[6] - The company's operating revenue for 2021 was ¥3,318,357,060, representing a 42.47% increase compared to ¥2,329,193,999.76 in 2020[23] - The net profit attributable to shareholders for 2021 was ¥303,972,437.37, a significant increase of 752.03% from ¥35,676,095.80 in 2020[23] - The net cash flow from operating activities was ¥598,875,887, marking a 57.89% increase from ¥379,306,171.68 in 2020[23] - The total assets at the end of 2021 amounted to ¥5,690,133,495.04, a 47.84% increase from ¥3,848,771,147.88 at the end of 2020[23] - The net assets attributable to shareholders increased by 78.68% to ¥3,742,354,867.02 at the end of 2021, compared to ¥2,094,388,833.81 at the end of 2020[23] - The company reported a basic earnings per share of ¥0.3933 for 2021, a 668.16% increase from ¥0.0512 in 2020[23] - The company achieved a sales revenue of 3.318 billion yuan, a year-on-year increase of 42.47%[75] - The net profit attributable to shareholders reached 304 million yuan, up 752.03% compared to the previous year[75] - The net cash flow from operating activities was 599 million yuan, reflecting a growth of 57.89% year-on-year[75] Market Strategy and Expansion - The company aims to expand its market presence in the 5G sector, focusing on Sub-6GHz technology and related products[18] - User data indicates a growing demand for IoT and AR/VR applications, which the company intends to leverage for future growth[18] - The company is exploring opportunities for mergers and acquisitions to strengthen its market position and expand its product portfolio[18] - The company is focusing on expanding its market presence in high-end consumer electronics, new energy, cloud computing, and IoT sectors, enhancing its customer base[82] - The company plans to enhance its core product lines in RF components, magnetic components, and new materials, aiming for high-end performance and integration[83] - The company is actively exploring new business opportunities in cloud computing and new energy sectors to adapt to market fluctuations[150] - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of the fiscal year[198] Research and Development - Research and development efforts are concentrated on new technologies such as LTCC and various types of filters, including SAW and BAW[18] - The company has established a research and development strategy centered on key customers and technologies, enhancing collaboration with leading clients[53] - The company has accelerated the development of its algorithm design and process simulation platforms, effectively shortening the R&D and sales cycle for products like SAW filters[65] - The company has increased its R&D investment, collaborating with universities to develop key materials and technologies, and has established a platform for integrated product development[84] - The company aims to improve its performance metrics to meet the criteria set forth in its incentive plans for future stock grants[190] - The company is committed to ongoing research and development in new materials and technologies to drive future growth[194] Risk Management - The company has identified potential risks in its future development, which include market competition and technological changes[6] - The company faces risks from external environment changes, including ongoing COVID-19 uncertainties and overseas trade frictions, which could impact supply chains and market stability[152] - The company has identified potential risks related to product market changes, particularly in the fast-evolving consumer electronics and communication sectors, which could affect shipment and performance growth[153] Corporate Governance - The company emphasizes the importance of maintaining high standards of financial reporting and transparency to build investor confidence[6] - The company is committed to improving its corporate governance structure, aligning with the requirements of the Corporate Governance Guidelines and the Shenzhen Stock Exchange's regulations[170] - The company actively engages in investor relations management to enhance communication with investors and improve the management of investor relations[170] - The company has established independent financial management and accounting systems, with no shared bank accounts with the controlling shareholder[179] Product Development and Innovation - The company is developing several new products, including a new generation of packaging technology and 5G RF front-end modules, aimed at enhancing core competitiveness[103] - The company has successfully completed small batch production of 5G WiFi duplexers and filters, meeting customer requirements with in-band insertion loss < 2dB and out-of-band suppression > 30dB[106] - The company has achieved a 50% improvement in product yield and a 30% reduction in material costs through the development of a new iron frame buckle for LCD module backlight prevention[106] - The company has filed for multiple patents, including 5 invention patents and 10 utility model patents related to new product developments, indicating a strong focus on innovation[106] Financial Management - The company successfully raised 1.34 billion CNY through a private placement, which will be used for high-end small-sized inductor expansion, RF filter expansion, R&D center construction, and working capital supplementation[81] - The company has made significant progress in its refinancing efforts, with detailed plans for the issuance process and results discussed in various communications[164] - The company is monitoring market trends and adjusting its strategies accordingly to capitalize on growth opportunities in the second half of the year[166] Shareholder Engagement - The company held 5 shareholder meetings during the reporting period, all conducted in compliance with legal regulations, ensuring transparency and fairness in decision-making[170] - The company granted restricted stock awards under the 2021 Restricted Stock Incentive Plan, totaling 49,305,719 shares[186] - The total number of shares repurchased and canceled due to performance not meeting the 2018 Restricted Stock Incentive Plan criteria was 1,192,250 shares[188]

Financial Performance - The company's revenue for Q3 2021 was ¥825,212,089.27, representing a 14.60% increase year-over-year, and a total revenue of ¥2,473,766,966.24 for the year-to-date, up 55.06% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was ¥92,245,396.96, a significant increase of 192.67% year-over-year, with a year-to-date net profit of ¥231,306,174.49, up 225.44%[4]. - The basic earnings per share for Q3 2021 was ¥0.1092, reflecting a 141.59% increase compared to the same period last year, with a year-to-date figure of ¥0.3089, up 202.84%[4]. - Total operating revenue for the period reached CNY 2,473,766,966.24, a significant increase from CNY 1,595,356,053.74 in the previous period, representing a growth of approximately 55%[45]. - The net profit for the current period is approximately ¥239.76 million, a significant increase from ¥81.91 million in the previous period, representing a growth of 192.5%[48]. - The operating profit reached ¥279.40 million, compared to ¥100.21 million in the same period last year, indicating a year-over-year increase of 178.5%[48]. - The total comprehensive income for the current period is approximately ¥239.77 million, up from ¥81.91 million, reflecting a growth of 192.5%[51]. - Basic and diluted earnings per share are both ¥0.3089, compared to ¥0.1020 in the previous period, marking an increase of 202.9%[51]. Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥5,665,320,800.07, a 47.20% increase from the end of the previous year[4]. - The company's total assets increased to CNY 5,665,320,800.07 from CNY 3,848,771,147.88, marking a growth of about 47%[44]. - The total liabilities rose to CNY 1,922,834,757.30, up from CNY 1,682,406,199.38, which is an increase of approximately 14.3%[44]. - The company's total liabilities increased to CNY 1,746,257,754.75 from CNY 1,682,406,199.38[64]. - The company's equity totaled CNY 2,166,364,948.50, unchanged from the previous reporting period[64]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥497,007,003.80, an increase of 85.56% compared to the same period last year[4]. - Cash flow from operating activities generated a net amount of ¥497.01 million, compared to ¥267.84 million in the previous period, an increase of 85.5%[55]. - Cash inflow from operating activities totaled approximately ¥2.07 billion, up from ¥1.33 billion, representing a growth of 55.7%[52]. - Cash outflow for operating activities was approximately ¥1.57 billion, compared to ¥1.06 billion in the previous period, an increase of 48.3%[55]. - The company reported cash and cash equivalents at the end of the period amounting to approximately ¥1.38 billion, compared to ¥399.47 million at the end of the previous period, a significant increase of 245.5%[55]. - The financing activities generated a net cash flow of approximately ¥967.20 million, compared to ¥104.44 million in the previous period, reflecting an increase of 826.5%[55]. Investments and Expenses - Research and development expenses increased by 71.14% year-over-year, amounting to an increase of ¥45,712,597.13, due to higher personnel costs and increased material usage for R&D projects[11]. - The company reported a significant increase in cash received from sales, totaling an increase of ¥692,946,720.13, or 54.61% year-over-year, attributed to higher sales volume[12]. - The company’s investment cash outflow increased by 358.55% year-over-year, totaling ¥121,980,000.00, primarily due to increased investments in Huixin Communications and structured deposits[12]. - The company has made investments totaling approximately ¥650.17 million during the current period, compared to ¥274.65 million in the previous period, indicating a substantial increase of 136.3%[54]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 40,375[17]. - Shenzhen Yuan Zhi Fu Hai Electronic Information Investment Enterprise (Limited Partnership) holds 21.53% of shares, totaling 183,818,073 shares[17]. - Shenzhen Te Fa Group Co., Ltd. holds 8.43% of shares, totaling 72,000,000 shares, all of which are subject to restrictions[17]. - Zhang Meirong holds 5.10% of shares, totaling 43,536,902 shares, with 32,652,676 shares pledged[17]. - The company has issued restricted shares totaling 72,000,000 to Shenzhen Te Fa Group, with the release date set for January 16, 2023[21]. - The company has also issued restricted shares totaling 3,529,412 to various funds, with the same release date[21]. - The total number of shares held by the top ten shareholders includes significant stakes from various investment funds and individuals[17]. - The company has not disclosed any known relationships among the top ten shareholders[20]. - The report indicates that the company is actively managing its shareholder structure and addressing potential restrictions on share trading[21]. - The company is focused on maintaining transparency regarding its shareholder equity and any changes in shareholding status[20]. Miscellaneous - As of September 30, 2021, the company's cash and cash equivalents amounted to ¥1,375,844,257.88, an increase from ¥542,870,521.57 on December 31, 2020[35]. - The accounts receivable reached ¥977,376,040.68, up from ¥715,650,543.19 in the previous year[35]. - The company approved a plan to replace self-raised funds with raised funds totaling ¥288,274,649.55 for investment projects[34]. - The company has not yet convened a shareholders' meeting to review the 2021 restricted stock incentive plan[34]. - The total amount of restricted stock for executives is 37,558,126 shares, with a lock-up period allowing transfer of no more than 25% per year[32]. - The company issued a total of ¥39,529,415 in a private equity investment fund[30]. - The company has a total of ¥145,181,781.62 in trading financial assets as of September 30, 2021[35]. - The company reported a significant increase in accounts receivable financing, totaling ¥18,198,289.77[35]. - The company has issued multiple single asset management plans, with amounts ranging from ¥117,647 to ¥8,705,882[29]. - The company has a total of 195,205,184 shares under various stock incentive plans and lock-up agreements[32]. - The company has implemented new leasing standards starting from 2021, affecting the financial statements[58]. - The third quarter report for 2021 was not audited[65].

Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥1.65 billion, representing an increase of 88.34% compared to the same period last year[28]. - The net profit attributable to shareholders of the listed company reached approximately ¥139.06 million, a significant increase of 251.56% year-on-year[28]. - The net profit after deducting non-recurring gains and losses was approximately ¥114.45 million, reflecting a growth of 303.52% compared to the previous year[28]. - The basic earnings per share for the reporting period was ¥0.1997, up 252.20% from ¥0.0567 in the same period last year[28]. - The total assets of the company at the end of the reporting period were approximately ¥5.59 billion, an increase of 45.25% compared to the end of the previous year[28]. - The net assets attributable to shareholders of the listed company were approximately ¥3.57 billion, which is a 70.30% increase from the previous year[28]. - The company reported a total sales revenue of ¥1,648,554,876.97, an increase of 88.34% year-on-year[68]. - Net profit attributable to shareholders was ¥139,060,777.53, up 251.56% compared to the previous year[68]. - The main business unit achieved sales revenue of ¥536,603,794.23, a year-on-year increase of 84.16%[68]. Cash Flow and Investments - The company reported a net cash flow from operating activities of approximately ¥206.50 million, a decrease of 10.01% compared to the same period last year[28]. - Net cash flow from investing activities worsened by 138.06% to -¥265,649,764.47, mainly due to increased capital expenditures on fixed assets[80]. - Net cash flow from financing activities skyrocketed by 1,275.70% to ¥1,112,858,733.06, primarily from funds raised through a private placement of shares[80]. - The net increase in cash and cash equivalents reached ¥1,054,541,524.64, reflecting a 429.30% increase due to the aforementioned fundraising[80]. - The company raised ¥1.34 billion through a stock issuance to support stable operations and ongoing development[73]. Business Segments and Market Position - The main business segments include electronic components and LCM liquid crystal display modules, focusing on 5G applications and new energy vehicles[38]. - The company has established itself as a leader in the industry with key products like integrated inductors and RF filters, which are widely used across various applications[38]. - The LCM module business, primarily operated by a wholly-owned subsidiary, serves global markets including smart speakers and automotive displays, despite having lower profit margins compared to other segments[44]. - The company’s products are essential in various sectors, including consumer electronics, communication, and IoT devices, highlighting its market relevance[49]. - The company has become a major player in the inductor industry, particularly in the integrated inductor segment, with leading design processes and mass production capabilities[53]. - The RF front-end market is experiencing rapid growth, with the company significantly improving product quality and shipment scale since entering the filter industry[54]. - The liquid crystal display module market has rebounded, with the company achieving rapid revenue growth and leading position in the mid-size LCM module sector[55]. Research and Development - The company has a robust R&D model that follows a standard APQP process to ensure product quality and performance optimization[46]. - R&D investments focused on core materials such as ceramic, piezoelectric, alloy, and ferrite materials, enhancing product quality standards[69]. - The company established RF product design and magnetic device process platforms to address production challenges and accelerate product validation[69]. - The company plans to enhance its R&D capabilities by establishing multiple centers focused on materials development, circuit design, and intelligent equipment upgrades to mitigate product market risks[128]. - The company aims to accelerate the development of RF acoustic wave filters and LTCC filters to align with trends in smart devices and IoT, indicating a strategic focus on emerging markets[131]. Risk Management - The company has identified potential risk factors in its future development strategy, which investors should be aware of[7]. - The company has identified risks related to external environmental changes, including the ongoing impacts of the COVID-19 pandemic and international trade tensions, which could affect supply chain stability[127]. - The company has outlined potential risks associated with fundraising projects, including project delays and market changes that could impact the feasibility of investment initiatives[134]. - The company is actively seeking vertical integration opportunities within the supply chain to reduce risks associated with market competition and external economic factors[131]. Corporate Governance and Compliance - The company has established a robust governance structure to ensure the protection of shareholder and creditor rights, adhering to legal requirements for information disclosure[160]. - The company emphasizes employee rights protection, implementing labor laws and providing comprehensive benefits including social insurance and health check-ups[161]. - The company maintains a high standard of quality management, ensuring consumer protection and establishing strategic partnerships with suppliers and customers[162]. - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[166]. - The company reported no violations regarding external guarantees during the reporting period[167]. Future Outlook and Strategic Plans - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[141]. - The company is investing RMB 50 million in new product development, focusing on advanced semiconductor technologies[141]. - The company has set a performance guidance for the second half of 2021, expecting a revenue growth of 20% compared to the first half[141]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[141]. Subsidiary Performance - Subsidiary Xingyuan Electronics achieved revenue of ¥927 million, a year-on-year increase of 135.43%[74]. - Subsidiary Jinzhi Chuan reported revenue of ¥187 million, up 15.26% year-on-year, despite external challenges[75]. - The subsidiary Xingyuan Electronics (Shenzhen) Co., Ltd. reported a net profit of ¥13,386,223.40, contributing significantly to the company's overall performance[122]. - Chengdu Jinzhi Chuan Electronics Co., Ltd. achieved a net profit of ¥18,497,449.92, indicating strong operational results in the production and sales of electronic components[126].