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].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[19]. - The company's operating revenue for 2020 was ¥2,329,193,999.76, representing a 28.14% increase compared to ¥1,817,743,896.60 in 2019[25]. - The net profit attributable to shareholders for 2020 was ¥35,676,095.80, a decrease of 20.88% from ¥45,090,952.43 in 2019[25]. - The net cash flow from operating activities increased by 57.83% to ¥379,306,171.68 from ¥240,321,573.97 in 2019[25]. - The total cash dividend amount for 2020 was 0.00 yuan, representing 0.00% of the net profit attributable to shareholders[187]. - The company reported a net profit attributable to shareholders of 35,676,095.80 yuan for the year 2020[185]. Revenue Growth and Market Strategy - Future guidance indicates a revenue target of RMB 1.5 billion for 2021, reflecting a growth rate of 25%[19]. - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share in that region by 2022[19]. - The company has identified significant growth opportunities in 5G, artificial intelligence, and the Internet of Things, positioning itself as a key player in the high-end electronic components market[84]. - The company is focusing on expanding its market presence and enhancing product innovation capabilities to improve competitiveness and market share[117]. - The company is actively expanding its customer base and market depth in response to the accelerating trend of domestic electronic component localization[65]. Research and Development - The company plans to invest 20% of its revenue into research and development for new technologies and products in the upcoming year[19]. - The company’s R&D strategy focuses on key customers and technologies, with a structured process that includes market feedback and project initiation to optimize product development and reduce cycle times[58]. - The company has been awarded 93 patents, including 26 invention patents, showcasing its strong focus on technology innovation[71]. - The company aims to increase its R&D investment, particularly in key products like integrated inductors and LTCC filters, to drive innovation and efficiency[91]. - The company has established a specialized R&D team to quickly respond to market demands and enhance product design capabilities[78]. Product Development and Market Trends - The company is focusing on the development of RF components, magnetic components, and new materials, particularly for 5G applications and automotive electronics[87]. - The company is focusing on the development of new products such as 5G LTCC RF filters and precision wire-wound inductors, which are entering mass production[111]. - The company is expected to benefit from the ongoing 5G construction and domestic substitution trends, leading to increased market demand for high-precision and high-performance RF components[51]. - The company has successfully mass-produced LTCC filters and SAW filters, which are now being supplied to mainstream customers, indicating a potential for continued sales growth in the RF component market[56]. - The company is focused on developing high-performance electronic components for IoT applications, emphasizing miniaturization and high reliability[161]. Financial Management and Investments - The company has initiated a stock issuance to raise up to 1.34 billion yuan for expanding production capacity and enhancing R&D capabilities[82]. - The company has increased its fixed assets by ¥256,002,967.8, representing a 28.26% increase, primarily due to the transfer of construction projects to usable status and increased equipment procurement[68]. - The company’s intangible assets decreased by ¥9,520,888.5, a 10.17% decline, due to the disposal of a subsidiary, highlighting a strategic shift[68]. - The company has confirmed a goodwill of CNY 577 million after the acquisition of Xingyuan Electronics in August 2015, with subsequent impairments of CNY 395 million in 2017 and CNY 31.59 million and CNY 50.32 million in 2019 and 2020 respectively due to underperformance and external economic factors[167]. - The company has undertaken to notify the listed company of any potential competitive opportunities that may arise in the future[194]. Operational Efficiency and Challenges - The company has seen a significant increase in cash flow from operating activities, indicating improved operational efficiency[25]. - The company reported that the revenue progress is behind expectations due to a lengthy customer certification process for its RF components, which are core components in mobile phones[136]. - The production and processing technology of the RF devices is a special branch of IC, resulting in a longer investment construction period compared to passive components[136]. - The company is actively seeking to mitigate risks from external environmental changes, including the impact of the COVID-19 pandemic and trade tensions[164]. - The company has identified risks related to inventory impairment, with a potential decrease in the net realizable value of inventory due to changes in customer demand or market conditions, which could lead to inventory write-downs[169]. Corporate Governance and Compliance - The company has committed to maintaining the independence of its operations, ensuring that key management personnel are exclusively employed by the listed company and do not hold operational roles in the parent company[188]. - The company guarantees the independence of its assets, ensuring no unauthorized use of the listed company's resources by the parent company[191]. - The company has established an independent financial department and accounting system, ensuring compliance with independent tax obligations[191]. - The company has pledged to avoid any substantial competition with its parent company and its subsidiaries, ensuring no direct or indirect engagement in similar business activities[194]. - The company has a long-term commitment to uphold its promises regarding independence and compliance, with no violations reported to date[194].

Financial Performance - The company's revenue for Q1 2021 reached ¥670,568,253.73, representing a 100.17% increase compared to ¥335,005,388.61 in the same period last year[8]. - Net profit attributable to shareholders was ¥66,227,595.44, a significant increase of 323.77% from ¥15,628,169.73 year-over-year[8]. - The net profit after deducting non-recurring gains and losses was ¥51,410,873.33, up 336.81% from ¥11,769,516.19 in the previous year[8]. - Basic earnings per share rose to ¥0.0952, reflecting a 325.00% increase compared to ¥0.0224 in the same period last year[8]. - Operating revenue increased by CNY 335,562,865.12, a growth of 100.17% year-on-year, attributed to increased product sales and a low base from the previous year due to the pandemic[23]. - The total profit increased by CNY 59,293,272.30, a growth of 302.00%, driven by higher sales and total profit[23]. - The net profit for the first quarter of 2021 was CNY 180,930,989.91, compared to CNY 114,703,394.47 in the same period last year, indicating a year-over-year increase of approximately 57.6%[71]. - The net profit for the current period is CNY 53,878,254.24, up from CNY 15,568,499.38 in the previous period, indicating a growth of about 246.5%[94]. Assets and Liabilities - The company's total assets increased by 7.33% to ¥4,131,049,067.88 from ¥3,848,771,147.88 at the end of the previous year[8]. - Total liabilities reached CNY 1,892,283,229.77, compared to CNY 1,682,406,199.38, showing an increase of around 12.45%[68]. - The company's equity attributable to shareholders was CNY 2,162,176,926.00, up from CNY 2,094,388,833.81, reflecting a growth of about 3.24%[71]. - The company's current assets totaled CNY 2,034,261,927.27, up from CNY 1,948,837,038.43, indicating an increase of about 4.39%[62]. - Total assets rose to CNY 3,163,364,804.10, up from CNY 3,076,995,881.26, demonstrating overall growth in the company's financial position[78]. - Total current liabilities were CNY 978,492,682.04, with accounts payable at CNY 245,242,943.73[114]. Cash Flow - The net cash flow from operating activities was ¥116,937,642.62, down 37.61% from ¥187,444,041.92 in the same period last year[8]. - The net cash flow from operating activities decreased by CNY 70,506,399.30, a decline of 37.61%, mainly due to increased procurement costs and rising raw material prices[26]. - The cash flow from operating activities for the current period is CNY 116,937,642.62, down from CNY 187,444,041.92 in the previous period, showing a decrease of about 37.5%[95]. - The net cash flow from financing activities decreased by CNY 136,676,938.76, a reduction of 476.10%, primarily due to increased repayments compared to the previous period[26]. - The cash inflow from operating activities totaled CNY 643,381,771.06, compared to CNY 431,738,683.49 in the previous period, indicating an increase of approximately 48.9%[95]. Research and Development - Research and development expenses increased by CNY 17,981,687.14, a rise of 120.20%, due to higher R&D payroll and increased material usage for new projects[23]. - Research and development expenses for the current period amount to CNY 13,211,354.94, compared to CNY 7,243,067.54 in the previous period, which is an increase of approximately 82.5%[88]. - The company is focused on expanding its market presence and enhancing product development, as indicated by the increase in R&D spending[81]. Strategic Initiatives - The company is focusing on internal management efficiency improvements and automation investments to enhance operational efficiency and competitiveness[27]. - The company plans to continue promoting its annual business plan and "14th Five-Year" strategic planning to drive innovation and expand sales channels[31]. - The company aims to mitigate risks from external economic changes by seeking new cooperation opportunities and cultivating new profit growth points[34]. - The company is actively integrating resources with Xingyuan Electronics to improve competitiveness and mitigate risks associated with market changes[37]. Inventory and Procurement - The company reported a significant increase in accounts payable, which rose to CNY 620,432,640.07 from CNY 546,718,096.69, representing an increase of about 13.4%[68]. - The company has adjusted the investment amounts for the "LTCC-based terminal RF SAW filter" and "MPIM small-sized inductor production projects" due to changes in project implementation locations and management efficiency[49]. - The company reported a risk of inventory impairment due to potential market demand fluctuations, which could lead to excess inventory and reduced net realizable value[40]. Fundraising and Investments - The company plans to raise up to CNY 1.34 billion through a private placement to fund projects including the expansion of high-end small-sized inductors and RF filter production, as well as the establishment of a research and development center[41]. - The company has received approval from the China Securities Regulatory Commission for its private placement plan, allowing it to proceed with fundraising activities[42]. - The cumulative investment in fundraising projects reached 74,732.25 million, with a total of 1,135.17 million invested in the current quarter[47].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[19] - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[19] - The company's operating revenue for 2020 was ¥2,329,193,999.76, representing a 28.14% increase compared to ¥1,817,743,896.60 in 2019[25] - The net profit attributable to shareholders for 2020 was ¥35,676,095.80, a decrease of 20.88% from ¥45,090,952.43 in 2019[25] - The net cash flow from operating activities increased by 57.83% to ¥379,306,171.68 from ¥240,321,573.97 in 2019[25] - The company's total revenue for 2020 was approximately ¥2.33 billion, representing a year-on-year increase of 28.14% compared to ¥1.82 billion in 2019[96] - The net profit attributable to shareholders was 35.68 million yuan, a decrease of 20.88% compared to the previous year[80] - The net cash flow from operating activities was 379 million yuan, up 57.83% year-on-year[80] Investment and R&D - The company plans to invest 20% of its revenue into R&D for new product development and technology advancements in 2021[19] - The company has increased its R&D investment, aiming to enhance efficiency and shorten development cycles through advanced technologies like AI[91] - The total amount of R&D investment was 94,814,467.78 yuan, representing 4.07% of operating revenue, an increase from 3.44% in the previous year[111] - The company plans to enhance its R&D capabilities in RF front-end modules and high-end product lines like TC-SAW[110] - The company has established multiple R&D centers to improve its technological capabilities and respond to market demands effectively[148] Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share in the region by 2022[19] - The company anticipates a revenue growth forecast of 20% for 2021, driven by new product launches and market expansion efforts[19] - The company has expanded its customer base to include high-end clients in emerging fields such as cloud computing, smart home, and smart automotive, enhancing its market share in the 5G sector[85] - The company is focusing on expanding its customer base and market depth in response to the domestic and international dual circulation development strategy, which is expected to accelerate the localization of mid-to-high-end electronic components[65] Product Development and Technology - The company is focusing on 5G applications and automotive electronics in its product development, including high-end inductors and RF components[37] - The company is focusing on the development of RF components, magnetic components, and new materials, particularly for 5G applications and automotive electronics[87] - The company has successfully mass-produced LTCC filters and SAW filters, which are now being supplied to mainstream customers, indicating a potential for continued sales growth in the RF component market[56] - The company aims to leverage the 5G trend to benefit from the expanding cloud computing market, including IDC and edge computing, as well as increased demand for power inductors and transformers in 5G base stations[146] Risk Management - The company has identified potential risks including market competition and supply chain disruptions, which may impact future performance[6] - The company has identified risks related to external environmental changes, including ongoing COVID-19 uncertainties and trade frictions, which may impact supply chain stability and market sales[147] - The company aims to mitigate market competition risks by expanding its product offerings in RF filters and integrated inductors while focusing on IoT and automotive sectors[148] - The company faces risks related to project delays and cost overruns in its fundraising investment projects aimed at capacity expansion and new technology development[153] Financial Independence and Governance - The company has committed to maintaining the independence of the listed company and ensuring that key management personnel are exclusively employed by the listed company[172] - The company has established independent financial departments and accounting systems to ensure financial independence[172] - The company guarantees that it will not interfere with the financial decisions of the listed company and will not share bank accounts[172] - The company has pledged to avoid any potential competition with the listed company and its subsidiaries, committing to notify the listed company of any competitive business opportunities[178] Shareholder Returns and Dividends - The company has no plans to distribute cash dividends or issue bonus shares for the year 2020[7] - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves for the year 2020[169] - The cash dividend total for the year was 0 yuan, representing 0.00% of the total profit distribution[166] - The company plans to maintain its profit distribution policy in line with its future three-year shareholder return plan[169] Operational Efficiency - The company has optimized its management system to improve organizational efficiency and enhance employee motivation through performance assessment and resource allocation[92] - The company has established a rigorous supplier management system to ensure stable raw material supply and maintain reasonable inventory levels[59] - The company’s procurement strategy involves direct purchasing from multiple qualified suppliers to control product quality from the source[59] - The company has implemented strict quality control measures, achieving a leading product qualification rate in the domestic market[74]

深圳市麦捷微电子科技股份有限公司 2020 年第三季度报告全文 1 microgate 深圳市麦捷微电子科技 股份有限公司 2020 年第三季度报告 2020 年 10 月 深圳市麦捷微电子科技股份有限公司 2020 年第三季度报告全文 第一节 重要提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人俞磊、主管会计工作负责人居济民及会计机构负责人(会计主管 人员)李济立声明：保证季度报告中财务报表的真实、准确、完整。 2 深圳市麦捷微电子科技股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 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's operating revenue for the first half of 2020 was ¥875,294,906.67, representing a 26.17% increase compared to ¥693,758,779.72 in the same period last year[26]. - The net profit attributable to shareholders was ¥39,555,151.46, up 43.44% from ¥27,576,704.54 in the previous year[26]. - The net profit after deducting non-recurring gains and losses reached ¥28,363,400.62, a significant increase of 213.17% compared to ¥9,056,778.69 last year[26]. - The net cash flow from operating activities was ¥229,472,581.70, which is a 316.58% increase from ¥55,085,258.37 in the same period last year[26]. - Basic earnings per share were ¥0.0567, reflecting a 42.82% increase from ¥0.0397 in the previous year[26]. - Total assets at the end of the reporting period were ¥3,651,512,825.49, a 7.60% increase from ¥3,393,445,343.83 at the end of the previous year[26]. - The net assets attributable to shareholders were ¥2,104,653,043.93, which is a 2.23% increase from ¥2,058,671,154.21 at the end of the previous year[26]. - The weighted average return on net assets was 1.90%, an increase of 0.54% compared to 1.36% in the previous year[26]. Market and Product Development - The company focuses on high-end electronic components, including magnetic and RF components, with applications in mobile communications and IoT[37]. - The company has launched multiple products for 5G applications, including integrated inductors and LTCC RF filters, indicating strong R&D capabilities[50]. - The market for the company's electronic components is expected to grow significantly due to the 5G infrastructure wave, with a positive revenue outlook[51]. - The company is increasing its market share as domestic manufacturers prefer local suppliers due to external trade uncertainties[52]. - The company is focusing on enhancing its product development capabilities and market expansion strategies in the 5G sector[72]. - The company is actively seeking more cooperation opportunities with existing major clients to cultivate new profit growth points[114]. - The company has invested in multiple R&D centers to enhance its overall research capabilities and accelerate new product development[115]. - The company plans to explore vertical breakthroughs in the supply chain to mitigate risks associated with market competition[115]. Financial Management and Investments - The company successfully raised ¥850 million for investment in new product projects, including small-sized integrated inductors and SAW filters[63]. - R&D investment rose by 31.81% to ¥37,402,837.41, reflecting increased labor costs[79]. - The company has changed the implementation location of certain fundraising projects to improve management efficiency and reduce operational costs[95]. - The company approved the temporary use of 80 million yuan of idle fundraising for working capital, with a commitment to return it within 12 months[102]. - The company reported a total of 82.80 million yuan in committed investment projects, with a 101.17% completion rate[97]. Risk Management and Strategic Outlook - The company has outlined potential risks and countermeasures in its future development outlook[6]. - The company has identified risks related to external economic changes and is strategizing to leverage opportunities in emerging markets[114]. - The company plans to enhance its management structure and develop a replicable management system to support future scalable growth, focusing on talent acquisition, training, and motivation through an effective incentive mechanism[116]. - The company aims to strengthen the integration management of Xingyuan Electronics in areas such as material procurement, sales resources, and operational management to mitigate goodwill impairment risks[117]. Legal and Compliance - The company has not faced any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[129]. - The company has not reported any penalties or rectification measures during the reporting period[139]. - The company has not conducted an audit for its half-year financial report, which remains unaudited[125]. - The company has not engaged in any joint external investments during the reporting period[154]. Shareholder and Stock Information - The company reported a total of 375.04 million yuan in related party transactions, accounting for 4.40% of the approved transaction amount of 1,250.6 million yuan[152]. - The total number of shares before the recent changes was 695,199,971, which increased to 696,981,071 after the issuance of 1,920,000 new shares and the repurchase of 138,900 shares[187]. - The total number of unrestricted shares increased from 648,135,389 (93.23%) to 658,256,505 (94.44%) following the issuance of new shares[187]. - The company has a stock incentive plan where 302,040 shares were unlocked for 151 eligible participants, with 279,540 shares available for trading as of February 28, 2020[140]. - The company plans to repurchase and cancel 138,900 shares of its restricted stock at a price of 3.76 yuan per share, with the repurchase completed on June 3, 2020[141].