Company Overview - Shanghai Runxin Technology Co., Ltd. was established in 2000 and is a leading IC product distributor in China, focusing on communication connection chips and sensor chips [3]. - The company has partnerships with renowned IC design and manufacturing companies such as Qualcomm, NXP, and AVX/Kyocera, and serves clients including ZTE, Gongjin Electronics, and DJI [3]. - In 2015, the company's sales exceeded 1 billion RMB [3]. Market Position and Growth - The company is among the top ten domestic IC distributors in China, with significant growth potential in a market valued at over 1 trillion RMB [6]. - The company sells over 10 million pieces of Synopsys chips annually, with a focus on touch chips and fingerprint recognition starting this year [4][5]. - The domestic chip self-sufficiency rate is currently below 10%, with a target of around 30% in developed regions like Japan and Korea, presenting growth opportunities for local distributors [5]. Product and Service Offering - Approximately 70% of the company's sales come from chips that require design solutions [6]. - The company maintains a high chip yield rate, with minimal quality issues reported [7]. - The company provides technical support and training from chip manufacturers, which is crucial for maintaining competitive pricing and service quality [10][11]. Strategic Development - The company is exploring mergers and acquisitions to optimize product structure and enhance growth, although no specific direction has been determined yet [8]. - The company emphasizes the importance of capital in the IC distribution industry, as it affects operational capacity and inventory management [9]. - The company plans to adjust its workforce and technical support based on market and client growth, with an increase in technical personnel post-IPO [12][13]. Challenges and Industry Dynamics - The company faces competition from both domestic and international distributors, with a need to differentiate through technical distribution rather than catalog distribution [6]. - The increasing technical capabilities of clients may lead to a shift where manufacturers provide direct support, potentially impacting distributor market share [9].

Market Overview and Growth Potential - Global MEMS sensor market in 2021 was approximately $30 billion, with the Chinese market at 45 billion RMB, showing a compound annual growth rate (CAGR) of 13% [4] - MEMS speakers are expected to rapidly replace traditional speakers, similar to how silicon microphones replaced traditional microphones in just 3 years [7] - MEMS speakers have significant advantages in TWS earphones, hearing aids, AR/VR glasses, and smart home devices due to their small size and low power consumption [7][10] Technological Advancements and Innovations - MEMS (Micro-Electro-Mechanical Systems) integrate micro-mechanical structures, sensors, actuators, and communication into a single system, offering small size, lightweight, and low power consumption [4] - The National Intelligent Sensor Innovation Center has developed a 12-inch sensor pilot line, with 80% of the equipment being domestically produced, achieving world-leading process levels [4] - MEMS speakers use piezoelectric materials, with PZT (lead zirconate titanate) being a key material. The center has developed a unique PZT wafer and a MEMS process platform compatible with CMOS, enabling multi-layer film stacking and high-performance film preparation [6][9] Applications and Market Opportunities - MEMS speakers are particularly advantageous in TWS earphones, where they can replace traditional planar drivers and balanced armature units, offering better performance in high-frequency ranges [10] - In AR/VR glasses, MEMS speakers provide directional sound, enhancing the immersive experience. They can also be used in smart home devices like TVs and smart speakers [9][10] - MEMS speakers are expected to enter the smartphone market, with potential applications in replacing traditional speakers for improved sound quality and cost efficiency [11] Production and Cost Considerations - The current production capacity is 10,000 wafers per year, with each wafer yielding approximately 8,000 MEMS speakers. The yield rate is 98%, and production can be scaled up based on market demand [11] - The initial cost of MEMS speakers is higher than traditional speakers, with a target price of $2 per unit. However, costs are expected to decrease as production scales up and technology matures [8][11] - MEMS speakers require specialized ASIC (Application-Specific Integrated Circuit) development for driving piezoelectric elements, which is currently in progress [11][12] Future Outlook and Challenges - MEMS speakers are expected to achieve mass production by the second half of 2023, with a projected market price of 4-5 RMB per unit [12] - The main challenges include optimizing the production process, reducing costs, and developing compatible ASIC chips for different applications [11][12] - The MEMS speaker market is expected to grow rapidly, with potential applications in various industries, including consumer electronics, automotive, and healthcare [9][10][11]

Revenue and Profitability - Revenue for Q3 2022 reached ¥552,557,864.37, an increase of 15.26% year-over-year[4] - Net profit attributable to shareholders was ¥13,583,889.52, a decrease of 19.24% compared to the same period last year[4] - The basic earnings per share (EPS) was ¥0.027, down 22.86% year-over-year[4] - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was ¥10,590,507.96, down 35.96% year-over-year[4] - The net profit for Q3 2022 was CNY 47,746,658.97, an increase of 5.1% compared to CNY 44,616,653.96 in Q3 2021[24] - The operating profit for Q3 2022 was CNY 58,413,094.06, compared to CNY 55,971,678.97 in Q3 2021, indicating an increase of 4.3%[24] - The company reported a total comprehensive income of CNY 101,480,949.38 for Q3 2022, significantly higher than CNY 39,933,362.40 in Q3 2021[24] - The diluted earnings per share for Q3 2022 was CNY 0.096, compared to CNY 0.092 in Q3 2021, reflecting a growth of 4.35%[25] Assets and Liabilities - Total assets increased to ¥1,702,095,375.58, representing a growth of 33.33% from the end of the previous year[4] - Current assets totaled ¥1,473,117,318.25, an increase of 39.7% from ¥1,053,636,463.69 at the start of the year[21] - The company's total assets as of September 30, 2022, were ¥1,702,095,375.58, up from ¥1,276,585,576.59 at the beginning of the year, reflecting a growth of 33.2%[22] - Total liabilities reached ¥672,267,654.51, up from ¥476,053,343.82, reflecting an increase of 41.2%[22] - Short-term loans rose by 195.43% to ¥250,291,238.65, driven by expanded business scale and increased working capital needs[9] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥186,302,162.44, an increase of 45.20% compared to the previous year[4] - Operating cash inflow increased by 12.75% to ¥1,589,001,328.29, attributed to higher sales revenue and improved collections[9] - The cash flow from operating activities showed a net outflow of CNY -186,302,162.44, worsening from CNY -128,309,949.45 in the previous year[27] - The company raised CNY 393,306,686.88 from financing activities in Q3 2022, compared to CNY 133,504,597.60 in the same period last year, marking a growth of 194.5%[27] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,787[11] - The top shareholder, Shanghai Runxin Information Technology Co., Ltd., holds 21.68% of shares, amounting to 109,417,500 shares[11] - The company completed a non-public offering of shares, resulting in a capital reserve increase of 97.22% to ¥236,831,136.18[9] - The company completed the repurchase and cancellation of 788,000 restricted stock units, accounting for 0.16% of the total share capital before the repurchase, which was 505,539,147 shares[18] - After the cancellation, the total share capital changed to 504,751,147 shares[18] Government Support and Other Income - The company received government subsidies amounting to ¥1,483,895.11 during the reporting period[6] - Other income rose by 72.79% to ¥1,483,895.11, reflecting an increase in special development funds received[9] Inventory and Fixed Assets - Inventory increased to ¥421,903,541.94, a rise of 63.59% due to expanded business scale and increased stock[8] - Fixed assets increased by 200.56% to ¥10,834,938.05 due to new additions during the reporting period[9] Management and Expenses - Management expenses decreased by 31.81% to ¥20,925,554.97, primarily due to the unlocking of restricted stock during the reporting period[9] - Research and development expenses increased to ¥29,430,679.54, representing a rise of 16.4% compared to ¥25,363,893.64 in the previous year[23] Stock and Incentive Plans - The company announced the lifting of restrictions on 18,970,185 shares, which became tradable on September 23, 2022[16] - The restricted stock units were part of an incentive plan, with the first lifting of restrictions occurring after 12, 24, and 36 months from the grant date[15] - The company has 112 remaining incentive plan participants after the cancellation of shares[15] - The company’s stock incentive plan includes specific conditions for the lifting of restrictions based on the grant date[15] Comprehensive Income and Foreign Exchange - The other comprehensive income attributable to the parent company was CNY 54,299,574.26, a significant recovery from a loss of CNY -4,728,679.37 in Q3 2021[24] - The company experienced a foreign exchange gain of CNY 15,858,611.33 in Q3 2022, contrasting with a loss of CNY -1,845,182.94 in the previous year[27]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,010,391,327, representing an increase of 18.65% compared to ¥851,595,369 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥33,847,046, a 20.30% increase from ¥28,136,365.68 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥32,140,256.01, up 17.59% from ¥27,332,805.47 in the same period last year[18]. - The company's total assets increased by 30.75% to ¥1,669,187,312.31 from ¥1,276,585,576.59 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company rose by 23.02% to ¥975,345,810.21 from ¥792,846,000.79 at the end of the previous year[18]. - The basic earnings per share increased by 16.67% to ¥0.07 from ¥0.06 in the same period last year[18]. - The weighted average return on net assets was 3.80%, an increase of 0.11 percentage points compared to 3.69% in the previous year[18]. - The company's gross profit margin for digital communication chips decreased by 0.39 percentage points to 2.67% compared to the previous year[38]. - The company reported a significant increase in cash and cash equivalents, with a net increase of ¥107,065,475.18, a 253.93% rise compared to the previous year[37]. - The total comprehensive income attributable to shareholders was CNY 56,112,086.75, significantly higher than CNY 22,781,167.21 in the same period last year[168]. Cash Flow and Financing - The net cash flow from operating activities was negative at -¥114,050,477.63, a decline of 158.25% compared to -¥44,162,259.15 in the same period last year[18]. - The net cash flow from financing activities surged by 7,914.43% to ¥218,069,239.88, attributed to the completion of a private placement and increased bank borrowings[37]. - The company reported a total cash and cash equivalents balance of 270,850,481.40 CNY at the end of the first half of 2022, up from 189,188,769.15 CNY at the end of 2021[172]. - The cash inflow from financing activities reached 230,395,495.64 CNY, significantly up from 72,988,067.25 CNY in the previous year[172]. - The company plans to borrow up to RMB 500 million from its controlling shareholder to supplement working capital, with a borrowing period of up to 36 months[107]. Investment and R&D - The company invested in Shanghai Runxin Chuangxin Microelectronics Co., Ltd., marking its entry into semiconductor design and testing[29]. - The company launched customized smart chips for home appliances and ultra-low power BLE chips, which are currently in mass production[30]. - Research and development expenses rose by 23.02% to ¥21,076,419.82, reflecting increased investment in R&D activities[37]. - The company has allocated 5.0 million yuan for research and development in new technologies[178]. - The company has allocated 2.88 million yuan for research and development, emphasizing its commitment to innovation[182]. Market and Industry Outlook - The semiconductor industry is expected to see a 30% annual growth in automotive electronics and IoT markets over the next three years[26]. - Future growth opportunities are anticipated in the wireless communication, RF, and sensor industries, driven by the demand for IoT and 5G applications[35]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[178]. - The overall market outlook remains positive, with expectations of continued growth in the technology sector[181]. Risks and Challenges - The company acknowledges potential risks including market fluctuations, loss of key personnel, supplier changes, and financial risks[3]. - The company highlighted risks related to market fluctuations, particularly in the semiconductor industry, which could adversely affect operational performance[68]. - The semiconductor industry is experiencing chip supply shortages and increased market price volatility, which could adversely affect the company's performance if suppliers face delivery issues or if inventory management is ineffective[72]. - The company established a three-year equity incentive plan for core business personnel to mitigate the risk of talent loss in the competitive semiconductor industry[69]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares for the half-year period, nor to increase share capital from capital reserves[79]. - A total of 9.5 million restricted shares were granted to 130 employees under the 2021 stock incentive plan, with the grant date set for February 3, 2021[84]. - The company completed the issuance of shares on March 23, 2022, with a lock-up period of six months for investors[127]. - The total number of shares increased from 486,568,962 to 505,539,147 after the issuance, with the newly issued shares accounting for approximately 3.75% of the total[126]. - The largest shareholder, Shanghai Runxin Information Technology Co., Ltd., holds 21.64% of the shares, totaling 109,417,500 shares, with 29,595,000 shares pledged[142]. Compliance and Governance - The half-year financial report has not been audited[97]. - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and transparency[193]. - The company maintains a commitment to transparency and communication with investors through various channels[91]. - The company has not reported any major asset or equity sales during the reporting period[64].

Financial Performance - The company's operating revenue for 2021 was ¥1,857,606,310.03, representing a 33.96% increase compared to ¥1,386,737,662.48 in 2020[20]. - The net profit attributable to shareholders for 2021 was ¥58,247,279.87, up 29.37% from ¥45,024,904.35 in 2020[20]. - The net cash flow from operating activities was negative at -¥106,400,902.61, a decrease of 221.56% compared to ¥87,526,526.82 in 2020[20]. - The total assets at the end of 2021 were ¥1,276,585,576.59, an increase of 17.19% from ¥1,089,363,341.28 at the end of 2020[20]. - The average return on equity increased to 7.55% in 2021, up 1.51 percentage points from 6.04% in 2020[20]. - The company achieved total revenue of 1.858 billion yuan in 2021, a year-on-year increase of 33.96%[35]. - Net profit attributable to shareholders was 58.25 million yuan, up 29.37% year-on-year, while net profit excluding non-recurring gains and losses was 57.78 million yuan, an increase of 26.57%[35]. - The company reported a basic earnings per share of ¥0.12, reflecting a 33.33% increase from ¥0.09 in 2020[20]. - The total operating revenue for 2021 was ¥1,857,606,310.03, representing a year-on-year increase of 33.96% compared to ¥1,386,737,662.48 in 2020[52]. - The company reported a total operating cost of ¥1,637,955,834.15, which is a 32.60% increase from ¥1,235,237,478.38 in 2020[58]. Investment and R&D - The company plans to continue investing in the semiconductor industry, focusing on custom wireless chips and MEMS sensor chip design[32]. - The company has a focus on research and development in new products and technologies within the integrated circuit sector[5]. - Research and development expenses increased by 41.67% to ¥38,516,831.18, reflecting a significant rise in R&D investment[64]. - In 2021, the company's R&D investment amounted to ¥38,516,831.18, representing 2.07% of total revenue, an increase from 1.96% in 2020[67]. - The number of R&D personnel increased by 10.64% from 47 in 2020 to 52 in 2021, with the proportion of R&D staff rising to 29.88%[67]. - The company is developing a low-power Bluetooth chip for continuous glucose monitoring, with significant market potential in elderly health and wearable technology[66]. - The company is in the trial production phase for a new WiFi6/WiFi6E home gateway, aiming to enhance its capabilities in the wireless router domain[66]. Risk Management - The company emphasizes the importance of understanding investment risks, including market fluctuations, core personnel turnover, supplier changes, and financial risks[5]. - The company is actively monitoring and addressing potential risks that could adversely affect its future development[5]. - The company faces risks from market fluctuations, particularly in the semiconductor industry, which could impact operational performance[38]. - A three-year equity incentive plan was implemented to mitigate the risk of core personnel turnover, crucial for sustaining R&D capabilities[39]. - The company has established a comprehensive accounts receivable and customer credit management system to manage financial risks effectively[41]. Corporate Governance - The company has a diverse board with members having extensive backgrounds in finance, management, and technology[117][118][119]. - The company has established a transparent performance evaluation and incentive mechanism for senior management, ensuring compliance with legal regulations[110]. - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and finance, ensuring autonomous operational capabilities[112]. - The company has a structured remuneration system based on basic salary, bonuses, social security, and housing funds, with bonuses linked to the company's performance[128]. - The board of directors strictly adhered to relevant laws and regulations, ensuring compliance and effective decision-making processes[135]. Shareholder Engagement and Profit Distribution - The company implemented a cash dividend policy, distributing RMB 0.30 per 10 shares, totaling RMB 17,693,870.15, which accounted for 100% of the profit distribution[145][148]. - The cash dividend distribution was approved by the board and independent directors, ensuring compliance with regulations and protection of minority shareholders' rights[146][148]. - The company plans to distribute cash dividends amounting to no less than 30% of the distributable profits achieved in the current year[173]. - The profit distribution policy cannot be changed arbitrarily and must align with the company's operational conditions and long-term development needs[173]. - The company will conduct profit distribution discussions with shareholders, especially small and medium shareholders, through various channels[173]. Market and Product Development - The company plans to expand into new markets such as smart home appliances, automotive electronics, and wearable technology, with a focus on customized chip services and application solutions[102]. - The company aims to maintain its leading position in the domestic wireless communication and IoT chip sectors through targeted R&D[33]. - New product lines including micro energy harvesting, ultra-low power Bluetooth chips, and far-infrared monitoring were added, enhancing market reach in automotive electronics and smart home sectors[37]. - The company aims to become a leader in the green, low-carbon, and low-power IoT chip sector by increasing industrial investment and integrating various design and testing processes[104]. Financial Health and Assets - The company has a total of 505,539,147 shares outstanding, with no bonus shares being distributed this year[5]. - The total amount of financial assets at fair value was RMB 126,331,894.61, with a fair value loss of RMB 250,026.84 during the reporting period[86]. - The company has a total of 95,635.5 million yuan in approved guarantees for subsidiaries during the reporting period[200]. - The company has no significant guarantees that have not been fulfilled during the reporting period[200]. - The company has a total undistributed profit of RMB 108.05 million as of June 30, 2015, with plans for future profit sharing among shareholders[171]. Social Responsibility and Sustainability - The company actively engages in social responsibility, donating RMB 20,000 to support poverty alleviation projects in rural areas[169]. - The company implements energy-saving measures, such as using low-energy computers and encouraging employees to turn off devices outside of work hours[165]. - The company promotes green office practices, including reducing paper usage and encouraging public transportation among employees[166]. - The company emphasizes the development of ultra-low power wireless chips and MEMS sensing technology for applications in wireless sensor networks and smart healthcare devices[103].

Financial Performance - The company's revenue for Q1 2022 was CNY 423,517,904.22, representing a 12.41% increase compared to CNY 376,747,007.45 in the same period last year[4] - Net profit attributable to shareholders was CNY 13,037,107.94, up 14.54% from CNY 11,382,060.99 year-on-year[4] - The net profit after deducting non-recurring gains and losses was CNY 13,005,168.85, reflecting a 21.76% increase from CNY 10,680,767.73 in the previous year[4] - The total operating revenue for Q1 2022 was CNY 423,517,904.22, an increase of 12.4% compared to CNY 376,747,007.45 in Q1 2021[21] - The net profit for Q1 2022 was CNY 12,945,176.47, representing an increase of 13.9% from CNY 11,414,439.31 in Q1 2021[22] - The company reported a comprehensive income total of CNY 8,530,762.65 for Q1 2022, down from CNY 13,212,543.49 in Q1 2021, reflecting a decrease of 35.4%[22] Assets and Liabilities - The company's total assets increased by 16.52% to CNY 1,487,538,499.56 from CNY 1,276,585,576.59 at the end of the previous year[4] - The total liabilities increased to CNY 545,521,327.53 from CNY 476,053,343.82, indicating a rise of 14.6% year-over-year[19] - The company's equity attributable to shareholders increased to CNY 934,529,084.22 from CNY 792,846,000.79, a rise of 17.8%[19] Cash Flow - The net cash flow from operating activities was negative at CNY -17,662,044.05, a decline of 235.47% from CNY 13,037,221.80 in the same period last year[4] - The cash inflow from sales of goods and services was CNY 490,279,753.54, an increase of 7.3% compared to CNY 456,286,413.43 in the previous period[25] - The cash inflow from financing activities totaled CNY 176,260,798.85, significantly up from CNY 66,188,367.55 in the previous period, marking an increase of 166.5%[26] - The net cash flow from financing activities was CNY 172,132,275.80, compared to CNY 15,243,540.75 in the previous period, indicating a substantial increase[26] - The total cash and cash equivalents at the end of the period reached CNY 316,938,894.88, up from CNY 291,875,655.83 in the previous period[26] - The company reported a cash outflow of CNY 508,256,597.70 from operating activities, which is an increase from CNY 444,055,312.95 in the previous period[25] - The cash outflow for investing activities was CNY 660,938.46, compared to CNY 2,290,547.79 in the previous period, showing a decrease[25] - The company experienced a negative impact of CNY -655,404.63 from exchange rate fluctuations on cash and cash equivalents[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 30,337[10] - The largest shareholder, Shanghai Runxin Information Technology Co., Ltd., holds 21.64% of shares, totaling 109,417,500 shares[10] - The total number of shares held by the top ten unrestricted shareholders is 109,417,500, with the largest being Shanghai Runxin Information Technology Co., Ltd.[11] - The company has a total of 9,500,000 restricted shares, with no new restrictions added during the period[13] - The company has a total of 18,970,185 restricted shares at the end of the period, with a plan for these to be released in September 2022[14] Capital and Investment - The company completed a private placement of shares, resulting in a significant increase in cash and cash equivalents, which rose by 362.28% to CNY 153,153,888.66[8] - The company reported a 166.30% increase in cash inflows from financing activities, totaling CNY 176,260,798.85, primarily due to the completion of a private placement and increased bank loans[8] - The company’s capital reserve increased by 94.92% to CNY 234,070,645.51, mainly due to the premium from the private placement of shares[7] Research and Development - Research and development expenses for Q1 2022 were CNY 8,784,306.11, slightly up from CNY 8,159,235.68 in Q1 2021, indicating a focus on innovation[21] Earnings Per Share - The company’s basic earnings per share increased by 50.00% to CNY 0.03 from CNY 0.02 in the previous year[4] - The basic earnings per share for Q1 2022 were CNY 0.03, compared to CNY 0.02 in the previous year, showing an increase of 50%[22] Audit Information - The company did not conduct an audit for the first quarter report[27]

上海润欣科技股份有限公司 2021 年第三季度报告 证券代码：300493 证券简称：润欣科技 公告编号：2021-068 上海润欣科技股份有限公司 2021 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1、董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2、公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3、第三季度报告是否经过审计 □ 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 □ 是 √ 否 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增减 | | | --- | --- | --- | --- | --- | | 总资产（元） | 1,205,223,993.25 | 1,089,363,341.28 | | 10.64% | | 归属于上市公司股东 的所有者权益（元） | 783,933 ...

Financial Performance - The company reported a significant increase in revenue, with a year-on-year growth of 25% in the first half of 2021, reaching RMB 500 million[24]. - The company achieved total revenue of CNY 851,595,369.10 in the reporting period, representing a 48.94% increase compared to the same period last year[30]. - Net profit attributable to shareholders was CNY 28,136,365.68, up 60.15% year-over-year[30]. - The net profit after deducting non-recurring gains and losses was CNY 27,332,805.47, reflecting a 72.33% increase from the previous year[30]. - The company reported a net profit of ¥1.81 million from its overseas assets, which accounted for 62.87% of the company's net assets[52]. - The total profit for the first half of 2021 was CNY 20,079,409.31, compared to CNY 14,003,882.59 in the same period of 2020, indicating a growth of 43.5%[165]. - The company reported a net loss of CNY 9,541,000 for the first half of 2021, with total equity at CNY 631,930,500[178]. - The total comprehensive income for the first half of 2021 was approximately 13.82 million RMB, reflecting a significant increase compared to the previous period[184]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2022[24]. - The company plans to continue leveraging its leading position in wireless communication and expand into custom wireless chips, RF devices, sensor technology, and 5G communication modules[40]. - The company is focusing on the smart home, wearable technology, and automotive electronics sectors, leveraging its wireless communication chip platform[42]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[161]. - The company plans to expand its market presence and invest in new product development to drive future growth[177]. Research and Development - The company is investing RMB 50 million in R&D for advanced semiconductor technologies to enhance product competitiveness[24]. - Research and development expenses rose by 66.14% to ¥17,132,652.24, indicating a significant increase in investment in new technologies[45]. - The company developed two proprietary temperature sensor chips and a multifunctional remote control chip during the reporting period, with the first chip entering mass production in May[38]. - The company is actively expanding its product lines to include micro-energy harvesting, ultra-low power Bluetooth chips, and far-infrared monitoring, enhancing its capabilities in semiconductor application design[39]. - The company aims to enhance its technological capabilities through ongoing research and development initiatives[177]. Financial Position and Assets - Total assets at the end of the reporting period were CNY 1,149,950,025.58, a 5.56% increase from the end of the previous year[30]. - The company's total assets at the end of the reporting period amounted to approximately 604.22 million RMB, with a notable increase in cash and cash equivalents[185]. - The total liabilities at the end of the period were 2,000 million yuan, reflecting a manageable debt level[175]. - The company's total liabilities were reported at CNY 486,568,000, which shows a manageable debt level relative to its equity[182]. Cash Flow and Investments - The company reported a net cash flow from operating activities of -CNY 44,162,259.15, a decrease of 138.17% compared to the previous year[30]. - The cash flow from operating activities showed a net outflow of CNY 44,162,259.15, a significant decrease from a net inflow of CNY 115,711,380.52 in the previous year[168]. - The company received CNY 38,567,971.00 from investment activities, with CNY 4,177,971.00 coming from minority shareholders[169]. - The company reported a significant increase in cash inflow from investment activities, totaling ¥32,693,405.01 compared to ¥4,200,000.00 in the previous year, marking an increase of approximately 676.5%[172]. Shareholder and Equity Information - The company granted a total of 9.5 million restricted shares to 130 employees under the 2021 restricted stock incentive plan, with the grant date set for February 3, 2021[86]. - The company’s total number of shares increased by 9,500,000, which diluted the basic and diluted earnings per share and net assets per share for the most recent year and period[132]. - The total equity attributable to shareholders increased by CNY 9,500,000 during the reporting period, reflecting positive shareholder value creation[180]. - The company’s shareholding structure includes 98.05% of unrestricted shares, with the remaining 1.95% being restricted shares[129]. Risks and Challenges - The company faces potential risks from supply chain disruptions, particularly in chip supply, which could impact future performance[8]. - The company has not experienced any penalties or rectification situations during the reporting period[101]. - The company has not engaged in any violations regarding external guarantees during the reporting period[96]. Corporate Governance and Compliance - The half-year financial report has not been audited as of the reporting date[97]. - The financial statements were prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[190]. - The company has a continuous operation basis for its financial reporting, indicating confidence in its ongoing business activities[188].

Financial Performance - The company's revenue for Q1 2021 was ¥376,747,007.45, representing a 40.39% increase compared to ¥268,354,596.24 in the same period last year[7]. - Net profit attributable to shareholders was ¥11,382,060.99, an increase of 86.53% from ¥6,102,131.90 year-on-year[7]. - The net profit after deducting non-recurring gains and losses was ¥10,680,767.73, up 119.28% from ¥4,870,786.41 in the previous year[7]. - Basic earnings per share increased by 100.00% to ¥0.02 from ¥0.01[7]. - Total operating revenue for Q1 2021 reached CNY 376,747,007.45, compared to CNY 268,354,596.24 in the same period last year, indicating a growth of approximately 40.4%[47]. - The net profit for Q1 2021 reached CNY 11,414,439.31, representing a 85% increase from CNY 6,172,367.93 in Q1 2020[50]. - The total profit for Q1 2021 was CNY 13,749,514.72, up from CNY 7,046,647.28 in Q1 2020[50]. Cash Flow and Liquidity - The net cash flow from operating activities decreased by 86.00%, amounting to ¥13,037,221.80 compared to ¥93,094,161.24 in the same period last year[7]. - The company's cash inflow from operating activities totaled CNY 457.09 million, a 29.44% increase compared to the previous year[17]. - The company's cash outflow from operating activities was CNY 444.06 million, reflecting a 70.78% increase year-on-year due to higher procurement costs[17]. - Cash and cash equivalents increased significantly to CNY 87,506,288.81 from CNY 35,463,461.16, representing a growth of approximately 146.5%[42]. - The total cash and cash equivalents at the end of the period reached CNY 76.83 million, an increase from CNY 67.20 million year-on-year[61]. - Cash flow from investment activities generated a net inflow of CNY 30.40 million, significantly higher than CNY 4.20 million in the same period last year[61]. - Cash flow from financing activities resulted in a net outflow of CNY 8.91 million, compared to a net outflow of CNY 7.66 million in the previous year[61]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,141,442,974.72, a 4.78% increase from ¥1,089,363,341.28 at the end of the previous year[7]. - The total liabilities increased to CNY 368,468,314.25 from CNY 335,921,882.94, marking an increase of about 9.8%[42]. - The total equity attributable to shareholders rose to CNY 765,143,631.10 from CNY 749,779,356.92, reflecting an increase of approximately 2.0%[42]. - The company reported a cash balance of RMB 302,554,359.75 as of March 31, 2021, an increase from RMB 277,230,425.11 at the end of 2020[39]. - Accounts receivable decreased to RMB 348,551,568.32 from RMB 377,451,265.65 at the end of 2020[39]. - The total assets were reported at CNY 1,089,363,341.28, reflecting an increase due to the new lease accounting standard[65]. Investment and R&D - The company’s research and development expenses increased by 53.71% to CNY 8.16 million, indicating a focus on innovation[17]. - Research and development expenses for Q1 2021 were CNY 8,159,235.68, compared to CNY 5,308,370.92 in the previous year, showing an increase of about 54.8%[48]. - The company implemented a stock incentive plan in March 2021, resulting in a share-based payment expense of CNY 2.14 million during the reporting period[18]. - The new NXP product line project has achieved an investment progress of 99.59%, with a total investment of RMB 5,216.9 million[30]. - The Qualcomm Snapdragon processor IoT solution project has achieved an investment progress of 100.51%, with a total investment of RMB 6,914.09 million[30]. - The AAC metal shell integration product line project has an investment progress of 100.38%, with a total investment of RMB 10,795.71 million[30]. Risks and Challenges - The company faces significant risks from market fluctuations, supplier changes, and customer dynamics that could adversely affect its performance[20]. - The ongoing pandemic and semiconductor supply shortages pose additional risks to the company's operations and market recovery[21]. Corporate Governance - The company has not reported any overdue commitments from its actual controllers, shareholders, or related parties during the reporting period[28]. - The company has not engaged in any share repurchase activities during the reporting period[27]. - The company has no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[32][33]. - The first quarter report was not audited, indicating preliminary financial results[70].

Financial Performance - The company's operating revenue for 2020 was ¥1,386,737,662.48, a decrease of 4.37% compared to ¥1,450,109,005.36 in 2019[24]. - The net profit attributable to shareholders for 2020 was ¥45,024,904.35, representing a significant increase of 53.43% from ¥29,345,234.09 in 2019[24]. - The net cash flow from operating activities decreased by 67.54% to ¥87,526,526.82 in 2020, down from ¥269,677,211.45 in 2019[24]. - The company achieved a basic earnings per share of ¥0.09 in 2020, up 50% from ¥0.06 in 2019[24]. - Total assets increased by 11.84% to ¥1,089,363,341.28 at the end of 2020, compared to ¥974,077,992.97 at the end of 2019[24]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥45,649,629.41, an 84.64% increase from ¥24,723,319.52 in 2019[24]. - Total revenue for the year was 1.387 billion yuan, a decrease of 4.37% year-on-year; net profit attributable to shareholders was 45.025 million yuan, an increase of 53.43% year-on-year[41]. - The company achieved a net profit of 45.6496 million yuan after deducting non-recurring gains and losses, representing an increase of 84.64% year-on-year[41]. Dividend Policy - The company reported a cash dividend of 0.3 RMB per 10 shares (including tax) based on a total of 486,568,962 shares[12]. - The cash dividend for 2020 is set at RMB 0.30 per 10 shares, totaling RMB 14,597,068.86, which represents 100% of the total profit distribution[98]. - The company has maintained a stable profit distribution policy, ensuring compliance with relevant regulations and protecting minority shareholders' rights[98]. - In 2020, the cash dividend amount for ordinary shareholders was CNY 14,597,068.86, representing 32.42% of the net profit attributable to ordinary shareholders[100]. - In 2019, the cash dividend amount for ordinary shareholders was CNY 9,541,379.24, which accounted for 32.51% of the net profit attributable to ordinary shareholders[100]. - The company has not proposed a cash dividend distribution plan for the reporting period despite having positive distributable profits[101]. Market and Operational Risks - The company faces market risks due to potential downturns in the aforementioned sectors, which could adversely affect its operating performance[5]. - Inventory risks are heightened by the rapid product cycle and increasing competition in the IC industry, which may lead to unsold inventory and potential write-downs[6][7]. - The company is exposed to foreign exchange risks related to the import of IC products and overseas sales, particularly with currencies like USD and HKD[10]. - The ongoing global pandemic has impacted the IC supply chain, and if it continues, it may hinder recovery in semiconductor and consumer electronics markets, negatively affecting the company's performance[12]. - Future performance may be influenced by significant fluctuations in the operating conditions of major customers, which could lead to reduced procurement of the company's products[8]. Research and Development - The company plans to continue expanding its presence in wireless communication, RF components, and MEMS sensors, targeting applications in smart homes and electric vehicles[34]. - The company has expanded its R&D and main business to include customized wireless IoT chips, acoustic and smart wearable chips, and sensor chip design, enhancing its capabilities in semiconductor application design[41]. - The company plans to invest in micro-energy harvesting and ultra-low power chip development over the next three years[57]. - Research and development expenses increased by 13.09% to ¥27,187,891.08 in 2020[57]. - Research and development investment in 2020 amounted to ¥27.19 million, representing 1.96% of total revenue, an increase from 1.66% in 2019[60]. Customer and Supplier Relationships - The company emphasizes the importance of stable relationships with upstream IC design manufacturers for its sustained development[8]. - The top five customers accounted for 34.85% of total sales, with the largest customer contributing ¥138,526,510.57, or 9.99% of total sales[55]. - Total procurement from the top five suppliers was ¥976,950,831.13, representing 71.74% of total procurement[56]. Financial Management and Investments - The company received government subsidies amounting to ¥3,000,635.81 in 2020, which contributed to its financial performance[29]. - Long-term equity investments decreased by 83.75% compared to the end of the previous year, primarily due to the transfer of equity investment in Bo Si Da (Hong Kong) Co., Ltd. during the reporting period[35]. - Fixed assets decreased by 20.10% compared to the end of the previous year, mainly due to depreciation[35]. - Cash and cash equivalents increased by 88.82% compared to the end of the previous year, primarily due to the receipt of equity transfer payments from Bo Si Da (Hong Kong) Co., Ltd.[35]. - The company reported a total of RMB 126,331,894.61 in financial assets at the end of the period, with a decrease of RMB 16,083.43 due to fair value changes[69]. Corporate Governance - The company has retained Ernst & Young Hua Ming as its auditor, with an audit fee of 920,000 RMB, and the firm has been providing services for 14 years[114]. - The company has established a transparent performance evaluation and incentive mechanism for senior management[187]. - The company adheres to strict governance practices in compliance with relevant laws and regulations, ensuring transparency and fairness in operations[185]. - Independent directors attended 7 board meetings, with 2 in person and 5 via communication, and attended 1 shareholders' meeting[191]. - No objections were raised by independent directors regarding company matters during the reporting period[192]. Employee and Social Responsibility - The total number of employees in the company is 160, with 142 in the parent company and 18 in major subsidiaries[179]. - The company actively fulfills its social responsibilities, donating RMB 40,000 to support poverty alleviation efforts in Yunnan Province in 2020[138]. - The company maintains a commitment to employee rights and health, providing training to enhance employee skills[136]. - The company has implemented online training programs due to the pandemic, focusing on professional skills and internal processes[182].