Group 1: Key Products and Development Focus - The company is prioritizing fast charging technology and mini LED display screens, as well as 5G-related products [1] - Other key products include MOSFET and BMS chips, with a future focus on RF IC products [2] Group 2: Fast Charging Solutions - The company offers a complete fast charging IC platform solution, including low-power (18W) and high-power (65W+) GaN chip solutions [2] - The PD protocol chips integrated in fast charging adapters have an average gross margin of 50%, ranging from 40% to 60% depending on the specific model [2] Group 3: Seasonal Revenue Trends - The company experiences seasonal revenue patterns in power management, with peak seasons around March-April and September-December, while May-August is typically a low season [3] Group 4: Chip Production and Capacity - The company’s power management and LED driver chip production capacity is currently fully utilized, with order visibility generally around one month, and some products extending to over two months [4] - The company has increased orders for 8-inch wafers due to tight supply and rising prices in the upstream wafer market [3]

Business Performance - The company is experiencing a strong second quarter with increasing shortages, leading to improved performance for those able to secure production capacity [1] - The company has started mass production of 12-inch wafers, with expectations for continuous capacity release, resulting in quarterly performance and profits reaching new highs [2] Production Capacity - The expected production capacity for 12-inch wafers is projected to reach 3,000-5,000 pieces by next year, with a potential doubling of overall capacity by the second quarter [2] - The company has secured agreements with wafer manufacturers to guarantee monthly production capacity [2] Pricing Trends - Wafer manufacturers are continuously raising prices, with notifications of price increases occurring on July 1, indicating a persistent shortage of orders extending into next year [2][6] - The company anticipates unavoidable price increases in the third quarter due to rising costs from wafer manufacturers [6] Market Demand - The demand for mini and micro LED products is currently high, with mini LED shipments accounting for approximately 80% of total shipments, while standard LED accounts for about 10% [3] - The company is seeing significant growth in 5G switch and tuner product revenues, with expectations for continued increases in the third and fourth quarters [2] Revenue Breakdown - Revenue contributions from various business segments include nearly 50% from mini and micro LED, 10% from PD fast charging, and 10% from power devices [5] - The company is actively working with major brands for fast charging solutions, with several clients already in the certification process [5] Future Outlook - The company predicts that the industry will remain in a state of high demand, with expectations for continued price increases and full capacity utilization through the end of the year and into next year [6] - The transition from 8-inch to 12-inch production is expected to create additional capacity constraints, with a projected annual growth in chip demand of around 10% [6]

Group 1: Financial Performance and Challenges - The company signed long-term contracts with wafer fabs, but the current market acceptance price is lower than before, leading to unprofitable sales of chip products [2] - Inventory has increased due to a significant order placed with wafer fabs in Q2 2022, but improvements are expected after mid-2023 [2] - The semiconductor industry is facing a downturn, with market demand expected to remain pessimistic in the near future [2] Group 2: Investor Relations Activity - The investor relations activity took place on November 11, 2022, from 15:00 to 16:00 in the company meeting room [2] - Participants included representatives from Fuguo Fund and Ai Jiwei, with the meeting led by the Chairman and General Manager Liu Jingyu, along with other senior executives [2] - The activity included discussions on the company's performance decline and strategies to address inventory issues [2]

Financial Performance - The company's revenue for Q3 2022 was ¥151,079,987.67, a decrease of 54.42% compared to the same period last year[7]. - Net profit attributable to shareholders was ¥4,902,185.75, down 97.09% year-on-year[7]. - The net profit after deducting non-recurring gains and losses was -¥29,190,285.35, a decline of 121.74% compared to the previous year[7]. - Total operating revenue for the current period was ¥602,873,452.90, a decrease of 49.0% compared to ¥1,182,365,338.37 in the previous period[24]. - Net profit for the current period was ¥67,669,373.09, a decline of 85.8% compared to ¥480,182,448.91 in the previous period[26]. - The total comprehensive income for the period was CNY 69,280,472.92, compared to CNY 480,094,392.00 in the previous period[29]. - Basic and diluted earnings per share were both CNY 0.34, down from CNY 2.37 in the previous period[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,548,143,965.31, an increase of 19.67% from the end of the previous year[7]. - Total assets increased to ¥3,548,143,965.31, up 19.6% from ¥2,964,845,846.47 in the previous period[23]. - Total liabilities rose to ¥1,133,615,511.29, an increase of 97.8% compared to ¥573,489,588.95 in the previous period[23]. - Non-current liabilities totaled ¥190,544,192.65, up from ¥104,212,014.44 in the previous period[23]. - The company's equity attributable to shareholders increased to ¥2,413,876,065.74, compared to ¥2,385,004,683.46 in the previous period[23]. Cash Flow - The company reported a net cash flow from operating activities of -¥151,877,581.85, a decrease of 224.51% year-on-year[15]. - Cash flow from operating activities generated a net outflow of CNY -151,877,581.85, compared to a net inflow of CNY 121,975,529.22 in the previous period[30]. - Cash inflow from investment activities totaled CNY 1,743,628,554.34, significantly higher than CNY 722,466,030.93 in the previous period[33]. - Cash outflow for investment activities was CNY 2,439,777,419.43, compared to CNY 863,908,767.99 in the previous period, resulting in a net cash outflow of CNY -696,148,865.09[33]. - Cash flow from financing activities generated a net inflow of CNY 398,471,231.37, compared to a net outflow of CNY -34,602,233.64 in the previous period[33]. - The ending cash and cash equivalents balance was CNY 446,382,041.20, down from CNY 120,492,333.42 in the previous period[33]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 47,899[16]. - The largest shareholder, Jijing (Hong Kong) Limited, holds 31.65% of shares, totaling 68,910,043 shares[16]. - The top ten shareholders collectively hold 49% and 51% of the shares, indicating a potential alignment in voting strategies[16]. - The total number of shares held by the top ten unrestricted shareholders is 85,000,000 shares[16]. - The company has a total of 0 preferred shareholders at the end of the reporting period[17]. - The company has a total of 832,166 shares involved in margin trading by one of the shareholders[16]. Inventory and Costs - The inventory increased by 70.36% to ¥634,847,293.10, influenced by multiple factors including downstream order cuts[12]. - The company's inventory as of September 30, 2022, is approximately ¥634.85 million, up from ¥372.64 million at the beginning of the year[17]. - Total operating costs decreased to ¥567,028,332.63, down 16.9% from ¥682,653,778.99 in the previous period[24]. - Research and development expenses were ¥92,083,188.49, down 20.1% from ¥115,253,343.43 in the previous period[24]. - The accounts receivable as of September 30, 2022, is approximately ¥264.45 million, slightly down from ¥272.72 million at the beginning of the year[17].

Management and Human Resources Risks - The company faces risks related to management and human resources due to the expansion of its business scale and sales regions, which could challenge the management team's ability to control operational risks[6] Technological and R&D Risks - The company acknowledges the risk of technological obsolescence in the IC design industry, emphasizing the need for continuous R&D investment to keep up with industry trends and meet customer demands[7][9] - The company highlights the risk of design and R&D failure, noting that IC design requires significant scale to achieve profitability and that market changes can render products obsolete before completion[10] Supply Chain and Raw Material Risks - The company is exposed to risks from raw material supply shortages and cost increases, particularly due to the impact of COVID-19 and the recovery of industries like new energy vehicles, 5G, and consumer electronics[10] Financial and Cash Flow Risks - The company has a significant amount of accounts receivable and notes, which could pressure cash flow if major clients face financial difficulties[15] - Net cash flow from operating activities was negative RMB 108.25 million, a decrease of 177.96% compared to the same period last year[39] - Net cash flow from operating activities decreased by 177.96% to -108,252,536.20 yuan due to reduced sales revenue[60] - Net cash flow from investing activities decreased by 365.54% to -583,538,301.43 yuan due to project implementation and financial product purchases[60] Dividend and Capital Distribution - The company does not plan to distribute cash dividends, issue bonus shares, or convert capital reserves into share capital[16] - The company plans no cash dividends, stock dividends, or capital reserve to share capital conversion for the half-year[110] Financial Performance - Revenue for the reporting period was RMB 451.79 million, a decrease of 46.90% compared to the same period last year[39] - Net profit attributable to shareholders of the listed company was RMB 69.08 million, a decrease of 78.15% year-on-year[39] - Basic earnings per share were RMB 0.32, a decrease of 79.22% year-on-year[39] - Weighted average return on equity was 2.90%, a decrease of 27.76 percentage points compared to the same period last year[39] - Revenue decreased by 46.90% to 451,793,465.23 yuan due to downstream order cuts[60] - Operating costs decreased by 27.14% to 297,624,386.77 yuan with no significant changes[60] - R&D investment decreased by 12.58% to 59,049,997.81 yuan with no significant changes[60] - LED lamp, LED control, and driver chip revenue decreased by 54.35% to 229,824,841.36 yuan[64] - Power management chip revenue decreased by 37.72% to 140,482,010.11 yuan[64] - Total revenue decreased to 451,793,465.23 RMB from 850,874,120.24 RMB, a significant drop[200] - Total operating costs decreased to 387,041,836.89 RMB from 513,281,726.14 RMB[200] Asset and Liability Changes - Total assets at the end of the reporting period were RMB 3.49 billion, an increase of 17.63% compared to the end of the previous year[39] - Net assets attributable to shareholders of the listed company were RMB 2.41 billion, an increase of 0.97% compared to the end of the previous year[39] - Total assets increased to 3,487,651,714.32 from 2,964,845,846.47, reflecting a growth of 17.6%[191] - Fixed assets rose to 435,473,405.18 from 399,687,303.35, an increase of 8.9%[191] - Construction in progress surged to 319,139,034.64 from 28,405,410.48, a significant increase of 1023.8%[191] - Short-term borrowings increased to 466,615,617.06 from 155,041,111.11, a rise of 200.9%[191] - Total liabilities grew to 1,077,789,943.66 from 573,489,588.95, an increase of 87.9%[194] - Long-term borrowings rose to 122,499,999.99 from 12,673,828.18, a substantial increase of 866.5%[194] - Shareholders' equity increased to 2,409,861,770.66 from 2,391,356,257.52, a modest growth of 0.8%[194] - Cash and cash equivalents decreased to 613,516,998.82 from 895,016,390.57, a decline of 31.5%[194] - Inventory increased to 474,483,191.92 from 350,446,912.27, a rise of 35.4%[197] - Total current liabilities rose to 881,653,164.34 from 469,277,574.51, an increase of 87.9%[194] - Total liabilities increased to 1,084,489,314.68 RMB from 620,362,605.58 RMB, a significant rise[200] - Total owner's equity slightly increased to 2,385,655,470.09 RMB from 2,352,799,974.15 RMB[200] - Long-term borrowings increased to 122,499,999.99 RMB from 12,673,828.18 RMB[200] - Current liabilities increased to 893,091,465.15 RMB from 521,909,835.31 RMB[200] - Non-current liabilities increased to 191,397,849.53 RMB from 98,452,770.27 RMB[200] - Retained earnings increased to 664,021,034.21 RMB from 650,062,498.25 RMB[200] - Capital reserve increased to 1,428,177,334.95 RMB from 1,410,319,854.97 RMB[200] - Total assets increased to 3,470,144,784.77 RMB from 2,973,162,579.73 RMB[200] Investment and Financial Management - Investment income accounted for 17.60% of total profit, amounting to 12,301,511.15 yuan from financial product investments[66] - Total investment during the reporting period increased by 233.17% to 1,871,276,387.58 yuan[76] - The 5G RF chip, LED chip, and power management chip production project has a cumulative investment of 98,060,572.22 yuan with a progress rate of 17.31%[76] - The company's financial assets measured at fair value had an initial investment of 377,609,807.36 yuan, with a fair value change of 5,881,357.67 yuan during the reporting period, resulting in a cumulative investment of 652,491,165.02 yuan[79] - The total amount of funds raised was 900 million yuan, with 322.47 million yuan invested during the reporting period and a cumulative investment of 422.47 million yuan[80] - As of June 30, 2022, the company had used a total of 422,473,299.21 yuan from the raised funds, with 387,591,888.55 yuan directly invested in the fundraising projects and 34,881,410.66 yuan used for pre-project investment replacement[81] - The balance of funds in the raised funds account as of June 30, 2022, was 172,705,711.26 yuan[81] - The 5G RF chip, LED chip, and power management chip production construction project had a committed investment of 500 million yuan, with 68.4 million yuan invested during the reporting period, achieving 13.68% of the total investment[85] - The R&D center project had a committed investment of 200 million yuan, with 154.07 million yuan invested during the reporting period, achieving 77.03% of the total investment[85] - The company used 300 million yuan of temporarily idle raised funds for cash management investments during the reporting period[81] - The company's entrusted financial management included 696 million yuan in bank financial products and 600 million yuan in securities financial products, with a total of 1.536 billion yuan in entrusted financial management[93] - The company's securities financial products using raised funds amounted to 240.28 million yuan, with 60 million yuan remaining unexpired[93] - No derivative investments were made during the reporting period[94] - No entrusted loans were issued during the reporting period[95] - No major assets or equity were sold during the reporting period[96] Legal and Regulatory Compliance - The company is involved in two ongoing lawsuits with amounts of 5 million RMB and 6.023 million RMB respectively, but these do not significantly impact normal operations[126] - No environmental penalties were incurred during the reporting period[117] - The company reported no non-operational fund occupation by controlling shareholders or related parties during the reporting period[120] - The company had no illegal external guarantees during the reporting period[121] - The company's semi-annual financial report was not audited[124] - The company reported no significant related party transactions during the reporting period[129][130][131][132][133][134][135] - The company reported no significant contracts, guarantees, or leasing arrangements during the reporting period[136][138][139][140][143] - The company reported no significant changes in its shareholding structure other than the release of restricted shares[148][149] - The company reported no significant events or issues requiring special disclosure during the reporting period[144][145] Shareholder and Equity Information - The company's registered address, office address, and contact information remained unchanged during the reporting period[34] - The company's stock code is 300671, and it is listed on the Shenzhen Stock Exchange[32] - The company's legal representative is Liu Jingyu[32] - The company's non-recurring profit and loss items totaled 17,773,132.84 yuan, including government subsidies of 7,140,465.62 yuan and gains from financial assets of 12,301,511.15 yuan[42][44] - The company's restricted shares decreased from 12,415,443 shares (5.73%) to 706,307 shares (0.32%) due to the expiration of lock-up periods and other adjustments[148][149] - The company's unrestricted shares increased from 204,269,550 shares (94.27%) to 217,018,166 shares (99.68%) as a result of the release of restricted shares[148][149] - Total shares increased from 216,684,993 to 217,724,473 due to the issuance of 11,732,499 shares in 2021 and the vesting of 1,039,480 restricted shares[152][153] - 161 employees, including executives, received 1,039,480 restricted shares under the 2021 incentive plan, with 1,039,480 shares vested and registered on May 23, 2022[153][159] - The company completed a private placement of A shares in 2021, with 11,732,499 shares listed on December 27, 2021, and unlocked on June 27, 2022[152] - Shareholders including Zheng Yanhua, Zhang Yafei, Wu Yusheng, and Li Xingang had a total of 4,692,998 restricted shares unlocked on June 27, 2022[160] - The company adjusted its private placement plan in 2021, with the final issuance requiring at least 70% of the intended shares to be issued[155] - The total number of restricted shares released on June 27, 2022, was 11,735,735 shares, with a total of 12,415,443 shares initially restricted[163] - The company issued 1,039,480 shares of restricted stock on May 23, 2022, at a price of 18.27 yuan per share[164] - The company issued 11,732,499 shares of restricted stock on December 27, 2021, at a price of 76.71 yuan per share, which were released on June 27, 2022[164] - The company's total number of ordinary shareholders at the end of the reporting period was 56,041[168] - The largest shareholder, Jijing (Hong Kong) Limited, held 31.65% of the shares, totaling 68,910,043 shares[168] - The top 10 shareholders collectively held a significant portion of the company's shares, with the top shareholder holding 31.65% and the tenth holding 0.69%[168] - The company's restricted stock incentive plan's first vesting period was achieved, with 1,039,480 shares vested and listed on May 23, 2022[167] - The company's shares issued to specific investors in 2021 were listed on December 27, 2021, and released from restrictions on June 27, 2022[167] - The company's top 10 shareholders include both domestic and foreign entities, with no strategic investors or general legal entities among them[168] - The company's shares are held by a mix of individual and institutional investors, with no significant changes in shareholding during the reporting period[168] Industry and Market Trends - In the first half of 2022, China imported 279.7 billion integrated circuits, a decrease of 10.4% year-on-year, with an import value of 1.3511 trillion yuan, an increase of 5.5%[49] - China exported 141 billion integrated circuits in the first half of 2022, a decrease of 6.8% year-on-year, with an export value of 499.3 billion yuan, an increase of 16.4%[49] - The average unit price of imported integrated circuits in China was 4.83 yuan, while the export unit price was 3.54 yuan, showing a trend of "decreased volume but increased price"[50] - The company's integrated circuit production in the first half of 2022 was 1.661 billion units, a decrease of 6.3% year-on-year, marking the first negative growth since 2009[50] - The company's revenue and net profit attributable to shareholders both declined due to weak demand for consumer electronics, downstream order cuts, and RMB depreciation[53] Business Model and Operations - The company operates as a Fabless IC design company, focusing on design, packaging, and testing, with manufacturing outsourced to foundries[52] - The company's products are widely used in consumer electronics, communication equipment, industrial control, automotive electronics, and emerging fields such as IoT, AI, and 5G[52] - The company's sales model is primarily direct sales, supplemented by distribution, aiming to establish long-term strategic partnerships with major clients[52] Intellectual Property and Innovation - The company holds 156 patents, including 30 invention patents, 125 utility model patents, and 1 design patent, along with 202 integrated circuit layout designs and 58 software copyrights[57] Subsidiary Performance - The subsidiary Shenzhen Yunxi Semiconductor reported a net loss of 6,249,332 yuan[98] Accounts Receivable and R&D Expenses - Accounts receivable balance at the end of the reporting period was 313 million yuan, accounting for 8.98% of total assets[102] - R&D expenses for the reporting period were 59 million yuan, accounting for 13.07% of operating revenue[103] Macroeconomic and External Risks - The company faces risks from macroeconomic fluctuations, trade frictions, exchange rate changes, and the COVID-19 pandemic[101][102][105] Restricted Stock and Incentive Plans - The company adjusted its 2021 restricted stock incentive plan, reducing the number of eligible participants from 171 to 161[111] Liquid Assets and Financial Strategy - The company's total liquid assets increased from 2,366,395,915.55 yuan to 2,564,109,509.03 yuan, reflecting growth in cash and cash equivalents[188] - Monetary funds decreased from 907,815,774.14 yuan to 646,719,663.08 yuan, indicating a significant reduction in cash reserves[188] - Trade receivables increased from 272,716,963.03 yuan to 313,265,300.09 yuan, showing a rise in outstanding customer payments[188] - Inventory levels grew from 372,641,329.30 yuan to 482,132,855.39 yuan, suggesting increased stock holdings[188] - The company's trading financial assets nearly doubled from 377,609,807.36 yuan to 652,491,165.02 yuan, indicating increased investment activity[188] - Prepayments increased from 231,245,776.81 yuan to 270,656,018.35 yuan, reflecting higher advance payments made[188] - Other receivables rose from 17,932,476.84 yuan to 29,689,520.70 yuan, indicating growth in miscellaneous receivables[188] - The company's total assets under management (AUM) in liquid assets showed a positive trend, with a notable increase in trading financial assets[188] - The company's financial position remains strong, with significant growth in key asset categories despite a reduction in cash reserves[188] - The company's financial strategy appears to focus on increasing investments and managing receivables effectively, as evidenced by the growth in trading financial assets and trade receivables[188]

Revenue and Profit - The company's revenue for Q1 2022 was ¥275,653,642.37, representing a 3.61% increase compared to ¥266,048,277.13 in the same period last year[2] - Net profit attributable to shareholders decreased by 9.69% to ¥55,564,071.59 from ¥61,528,563.13 year-on-year[2] - The total operating revenue for Q1 2022 was CNY 275,653,642.37, an increase of 3.3% compared to CNY 266,048,277.13 in the same period last year[19] - The net profit for Q1 2022 was CNY 53,180,466.43, a decrease of 13.0% from CNY 61,122,563.02 in Q1 2021[21] - The company's diluted earnings per share fell by 33.33% to ¥0.260 from ¥0.39 in the same period last year[2] - The basic and diluted earnings per share for Q1 2022 were both CNY 0.260, down from CNY 0.39 in the same quarter last year[23] Cash Flow - The net cash flow from operating activities was negative at -¥58,901,041.70, a decline of 73.55% compared to -¥33,938,182.70 in the previous year[2] - Cash flow from operating activities showed a decrease, with a net cash outflow of CNY 4,771,761.28 due to asset impairment losses[21] - Operating cash inflow for the period was $185,334,611.33, an increase from $165,456,047.11 in the previous period, representing a growth of approximately 12.0%[24] - Cash outflow from operating activities totaled $244,235,653.03, compared to $199,394,229.81 in the previous period, indicating an increase of about 22.5%[26] - Net cash flow from operating activities was -$58,901,041.70, worsening from -$33,938,182.70 in the prior period[26] Investment Activities - The company experienced a 1623.52% increase in cash outflow from investing activities, totaling -¥421,187,475.94 compared to -¥24,437,697.16 in the previous year[8] - Cash inflow from investment activities was $612,714,509.64, significantly higher than $119,472,344.57 in the previous period, marking an increase of approximately 412.5%[26] - Cash outflow from investment activities reached $1,033,901,985.58, compared to $143,910,041.73 in the prior period, reflecting a substantial increase of about 618.5%[26] - Net cash flow from investment activities was -$421,187,475.94, worsening from -$24,437,697.16 in the previous period[26] Assets and Liabilities - Total assets increased by 10.89% to ¥3,287,639,443.93 from ¥2,964,845,846.47 at the end of the previous year[2] - The total liabilities as of Q1 2022 were CNY 843,258,314.52, compared to CNY 573,489,588.95 in the same period last year, indicating a significant increase of 47.0%[18] - The total equity attributable to shareholders of the parent company was CNY 2,440,413,160.52, up from CNY 2,385,004,683.46, representing an increase of 2.3%[18] Shareholder Information - The total number of common shareholders at the end of the reporting period is 55,885, with the top 10 shareholders holding 31.80% of the shares[9] - The largest shareholder, Jijing (Hong Kong), holds 68,910,043 shares, representing 31.80% of the total[9] - The company has a total of 68,910,043 unrestricted shares held by Jijing (Hong Kong) Limited[9] - The company has not reported any changes in restricted shares during the period[12] Research and Development - The company's R&D expenses rose by 38.15% to ¥25,210,589.84 from ¥18,248,443.27 year-on-year[5] - The R&D expenses for Q1 2022 amounted to CNY 25,210,589.84, which is an increase of 38.2% compared to CNY 18,248,443.27 in the previous year[19] Other Financial Metrics - The weighted average return on equity decreased to 2.33% from 5.94% year-on-year, a decline of 3.61%[2] - The total current assets increased to ¥2,400,347,248.76 from ¥2,366,395,915.55, reflecting a growth of about 1.4%[14] - Accounts receivable rose to ¥311,136,139.70 from ¥272,716,963.03, marking an increase of approximately 14.1%[14] - Inventory increased to ¥393,724,202.31 from ¥372,641,329.30, showing a growth of about 5.6%[14] - The long-term borrowings increased significantly to CNY 126,000,000.00 from CNY 12,673,828.18, indicating a strategic shift in financing[18] - The total amount of government subsidies recognized in the current period was ¥2,354,341.21, a decrease of 41.51% compared to ¥4,025,063.72 in the previous year[8] - The company reported a decrease in other comprehensive income, with a net amount of CNY -61,254.93 compared to CNY 103,473.41 in the previous year[21]

Financial Performance - Revenue for the full year 2021 reached RMB 2.8 billion, representing a year-over-year growth of 45%[32] - Net profit attributable to shareholders increased by 60% year-over-year to RMB 520 million[32] - The company's gross margin improved to 35%, up from 30% in the previous year[32] - Revenue in 2021 reached 1,369,917,110.93 yuan, a year-on-year increase of 63.82%[38] - Net profit attributable to shareholders of the listed company in 2021 was 456,443,806.47 yuan, a year-on-year increase of 354.32%[38] - Net cash flow from operating activities in 2021 was 363,928,194.78 yuan, a year-on-year increase of 541.23%[38] - Total assets at the end of 2021 were 2,964,845,846.47 yuan, a year-on-year increase of 79.44%[38] - Net profit attributable to shareholders of the listed company in Q2 2021 was 254,638,340.47 yuan, the highest among all quarters[40] - The company achieved a revenue of 1.37 billion yuan, a year-on-year increase of 63.82%, and a net profit attributable to the parent company of 456 million yuan, a year-on-year increase of 354.32%[59] - Total revenue in 2021 reached 1,369,917,110.93 yuan, a year-on-year increase of 63.82%[62] - Revenue from the integrated circuit industry accounted for 99.54% of total revenue, reaching 1,363,575,524.08 yuan, with a year-on-year growth of 63.64%[62] - LED灯、LED控制及驱动类芯片 revenue surged by 108.72% to 814,642,463.60 yuan, accounting for 59.47% of total revenue[62] - Revenue from the South China region increased by 52.99% to 1,067,701,300.00 yuan, representing 77.94% of total revenue[62] - Direct sales revenue grew by 83.05% to 630,361,871.15 yuan, accounting for 53.52% of total revenue[62] - Revenue from the East China region surged by 120.41% to 268,941,658.37 yuan, representing 19.63% of total revenue[62] - LED灯、LED控制及驱动类芯片 gross margin increased by 35.59% to 56.85%[64] - Power management chip revenue grew by 24.08% to 362,724,447.63 yuan, with a gross margin of 53.52%[64] - Top 5 customers accounted for 27.46% of total annual sales, with a combined sales amount of 376,137,306.90 RMB[71] - Top 5 suppliers accounted for 45.59% of total annual procurement, with a combined procurement amount of 292,860,252.53 RMB[71] - The company's net profit attributable to the parent company for the year was RMB 456,443,806.47, with a 10% statutory surplus reserve extraction of RMB 47,457,630.51[187] - The company's total distributable profit as of December 31, 2021, was RMB 679,656,924.56, with the parent company's distributable profit at RMB 650,062,498.25[187] R&D and Innovation - The company faces risks related to technological updates and the need for continuous R&D investment to meet market demands[7][11] - R&D investment accounted for 12% of total revenue, amounting to RMB 336 million[32] - The company's R&D investment in 2021 reached 167 million yuan, a year-on-year increase of 168.92%[59] - The company has obtained 138 patent technologies, including 27 invention patents, 110 utility model patents, and 1 design patent, as well as 198 integrated circuit layout design registrations and 48 software copyrights[56][59] - The company's LED display chip products continue to lead the industry with outstanding technical parameters[55] - The company's USB fast charging chip has secured a significant market share in the segment with its unique single-chip product controlling three USB charging ports and integrated PD protocol and DCDC controller power management SOC chip[55] - The company's 5G RF front-end discrete chips and module chips, including a full range of RF switch chips, antenna tuner chips, and front-end module chips, have contributed to the company's performance improvement[55] - Key R&D projects include USB PD fast charging protocol chips, aiming to support higher power (65W+) and expand market share in high-power fast charging[75] - R&D focus on wireless charging chips aims to increase power from 5W to 15W, enhancing product line and market competitiveness[76] - R&D investment in 2021 reached RMB 166.61 million, accounting for 12.16% of total revenue, a significant increase from 7.41% in 2020[80] - The company completed the development of N77/N79 flagship-level NR LFEM and N77 single/double-frequency LFEM solutions for 5G RF front-end module chips[79] - R&D expenses were fully expensed in 2021, with no capitalization, consistent with previous years[80] - Number of R&D personnel increased by 6.89% to 450, with R&D personnel accounting for 47.97% of total employees[78] - R&D personnel with bachelor's degrees increased by 11.28% to 375, while those with master's degrees increased by 12.50% to 18[78] - R&D personnel aged 30-40 increased by 8.74% to 224, while those aged 40-50 increased by 29.27% to 53[78] Market Expansion and Product Development - The company plans to expand its production capacity by 30% in 2022 to meet increasing market demand[32] - New product launches contributed 20% to the total revenue in 2021[32] - The company's market share in the smart power management chip segment increased to 15%[30] - The company completed the acquisition of a 70% stake in Shanghai Yingsi Microelectronics, enhancing its presence in the RF chip market[28] - The company expects a revenue growth of 25-30% in 2022, driven by new product lines and market expansion[32] - The company's subsidiary, Shenzhen Yunxi Semiconductor, achieved a revenue growth of 50% year-over-year[28] - The company has established a new packaging and testing factory in Pingshan, which is expected to add production lines for 5G RF chips and expand capacity for small-pitch LED screens and power management chips[59] - The company successfully issued a private placement for refinancing, enhancing its cash reserves and risk resistance capabilities, and creating favorable conditions for business expansion[59] - The company aims to transform from a single chip provider to an integrated circuit comprehensive solution provider, expanding from consumer electronics to industrial applications[127] - The company is focusing on the development of 5G RF, smart home, IoT, AI, and high-power industrial-grade chips, expanding into emerging markets[128] - The company is dedicated to providing flexible product configuration solutions, aiming to become an efficiency solution provider[132] Risk Management and Internal Controls - The company's accounts receivable and notes receivable are significant, with most receivables aged within one year, posing potential liquidity risks[17] - The company is exposed to risks from fluctuations in raw material prices and production costs, which could impact product margins and supply capabilities[13][14] - The company's stock price is subject to volatility due to macroeconomic factors, economic policies, and market supply and demand, which could affect investor returns[17] - The company has no significant deficiencies in financial reporting internal controls as of the internal control evaluation report date[196] - The company has established a performance evaluation and incentive mechanism for senior management, led by the Board of Directors' Compensation and Evaluation Committee[197] - No significant deficiencies in non-financial reporting internal controls were found as of the internal control evaluation report date[196] - The company has strengthened risk management and internal control construction, focusing on major business and risk areas[196] - No significant internal control deficiencies were discovered during the reporting period[199] - The company has implemented risk control policies and measures to ensure the effectiveness of internal controls[196] - The company's internal control system is based on risk orientation, institutional foundation, process control, and system implementation[196] - The company has conducted regular assessments of major business decisions and risk management[196] - No issues related to subsidiary management control were reported during the reporting period[199] Corporate Governance and Leadership - The company held 1 annual general meeting and 6 interim general meetings during the reporting period, ensuring the rights of all shareholders, especially minority shareholders[137] - The company has a board of directors consisting of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[137] - The company has a comprehensive performance evaluation and incentive mechanism for directors, supervisors, and senior management, including a restricted stock incentive plan for key personnel[137] - The company held a total of 6 temporary shareholders' meetings in 2021, with investor participation rates ranging from 34.20% to 37.21%[141][142] - The company's directors and supervisors increased their shareholdings through capital reserve to share capital conversion, with a total increase of 305,240 shares[145][146] - The company's total shareholding by directors and supervisors at the end of the reporting period was 1,337,084 shares[146] - The company's chairman and general manager, Liu Jingyu, has been in his position since December 2014[149] - Luo Qiong, female, born in 1964, Chinese nationality, holds a master's degree in Management Science and Engineering from Tianjin University, currently serves as Director, Vice President, and CFO of Fuman Microelectronics Group Co., Ltd. since December 2014[150] - Hao Zhailing, female, born in 1976, Chinese nationality, holds a bachelor's degree, has been a Director of Fuman Microelectronics Group Co., Ltd. since December 2014[150] - Xu Zhe, female, born in 1962, Chinese nationality, holds a master's degree in Power Plant Engineering from Wuhan University of Water Transport Engineering, currently serves as General Manager of Bohuiyuan Venture Capital Partnership and has been a Director of Fuman Microelectronics Group Co., Ltd. since December 2014[151] - Wang Qiujuan, female, born in 1978, Chinese nationality, holds an associate degree in Thermal Power Engineering from Zhengzhou Electric Power College, has been a Director of Fuman Microelectronics Group Co., Ltd. since May 2018[153] - Luo Yue, male, born in 1990, Chinese nationality, holds a bachelor's degree in Engineering Cost Management from Jiangxi Normal University, currently serves as Deputy Procurement Manager of Fuman Microelectronics Group Co., Ltd. since April 2020[153] - Li Daoyuan, male, Chinese nationality, holds a master's degree, currently serves as Chief Strategy Officer of Beijing Jingyuntong Technology Co., Ltd. since January 2021[153] - Wang Guoping, male, born in 1964, Chinese nationality, holds a Ph.D. in Optoelectronic Science and Technology from Sichuan University, currently serves as Distinguished Professor and Executive Dean of the Institute of Micro-Nano Optoelectronics at Shenzhen University[153] - Deng Hui, female, born in 1973, Chinese nationality, holds a master's degree and is a Certified Public Accountant, currently serves as Senior Manager of the Consulting Department at Grant Thornton[153] - Xi Guoping, male, born in 1971, Chinese nationality, holds a high school diploma, has been a Supervisor of Fuman Microelectronics Group Co., Ltd. since December 2014[153] - Li Zhixiong, male, born in 1975, Chinese nationality, holds an associate degree in Computer Applications from Hubei Radio and Television University, currently serves as Chairman of the Supervisory Board of Fuman Microelectronics Group Co., Ltd. since July 2018[153] - The total pre-tax remuneration for directors, supervisors, and senior management in 2021 was RMB 3.05 million, with 14 individuals receiving compensation[160] - The Chairman, General Manager, and actual controller, Liu Jingyu, received a pre-tax remuneration of RMB 490,875 in 2021[160] - The Director, Deputy General Manager, CFO, and Board Secretary, Luo Qiong, received a pre-tax remuneration of RMB 509,675 in 2021[160] - The highest remuneration among the directors was RMB 1.10 million, received by Xi Guoping, a supervisor[160] - The company's independent directors received a total remuneration of RMB 168,000 in 2021, with individual payments ranging from RMB 16,000 to RMB 56,000[160] - The company's remuneration for directors and supervisors is determined by the shareholders' meeting, while senior management's remuneration is decided by the board of directors[160] - The company's remuneration policy for non-independent directors is based on their job responsibilities, with no additional director remuneration, and is determined by the company's operating conditions and performance[160] - The remuneration for independent directors is set with reference to the overall level of listed companies in the same industry and region[160] - The company's remuneration system is designed to align with the company's performance and the responsibilities of the management positions[160] - The company's remuneration for directors, supervisors, and senior management is paid in accordance with the company's charter and relevant regulations[160] - The company held a total of 15 board meetings during the reporting period, with all directors attending either in person or via communication methods[166][167] - The Audit Committee held 6 meetings, focusing on financial reports, internal controls, and profit distribution plans[169][170] - All board meeting proposals were passed without any objections from directors[168] - The company's directors attended 7 shareholder meetings on average, with no instances of consecutive absences[166][167] - The Audit Committee reviewed and approved the 2021 Q1 report and the 2021 annual report[170] - The company implemented changes in accounting policies and approved the use of idle funds for bank wealth management products[170] - The board approved the issuance of A-shares to specific targets and the use of raised funds[170] - The company provided guarantees for its wholly-owned subsidiaries[170] - The board approved the 2020 annual financial report and internal control self-assessment report[170] - The company handled comprehensive credit business with banks for 2021[170] Employee and Talent Management - Total number of employees at the end of the reporting period: 938, including 845 from the parent company and 93 from major subsidiaries[180] - Employee composition: 304 production personnel, 88 sales personnel, 450 technical personnel, 20 financial personnel, and 76 administrative personnel[180][182] - Educational background of employees: 1 PhD, 20 postgraduate, 481 undergraduate, and 436 with college or lower education[182] - The company implemented a restricted stock incentive plan in 2021 to drive performance growth[174] - The company plans to issue A-shares to specific targets in 2021, with a three-year (2021-2023) shareholder return plan[175] - The company's salary policy follows the principle of "two lower than": salary growth is lower than economic growth, and actual average salary growth is lower than labor productivity growth[183] - The company has a comprehensive training framework, including new employee training and regular department training for existing employees[184] - The company does not use labor outsourcing services[185] - The company implemented a cash dividend policy, distributing RMB 2 per 10 shares and a capital reserve transfer of 3 shares per 10 shares, resulting in a total cash dividend of RMB 31,531,153 and an increase in total shares to 204,952,494[186] - For the year 2021, the company proposed a cash dividend of RMB 3 per 10 shares, totaling RMB 65,005,497.90, with no stock dividends or capital reserve transfers[187] - The company's 2021 restricted stock incentive plan granted 3,999,000 shares to 171激励对象 at a price of RMB 23.95 per share, later adjusted to 5,198,700 shares at RMB 18.27 per share due to a capital reserve transfer[192] - No employee stock ownership plan or other employee incentive measures were implemented during the reporting period[198] Investment and Fund Management - The company's investment in the reporting period amounted to 1,557,457,350.00 yuan, a 57.76% increase compared to the same period last year[96] - The 5G RF chip, LED chip, and power management chip production project has a total investment of 25,561,177.35 yuan, with a cumulative actual investment of 57,130,602.64 yuan and an expected return of 62,613,200.00 yuan[96] - The company's financial assets (excluding derivative financial assets) had a beginning balance of 110,660,020.90 yuan, with a fair value change gain of 1,949,786.46 yuan and an ending balance of 377,609,807.36 yuan[94] - The company's restricted assets at the end of the reporting period totaled 40,979,857.77 yuan, including 12,254,665.61 yuan in monetary funds and 28,725,192.16 yuan in intangible assets[95] - The company's total financial assets (excluding derivative financial assets and receivables financing) had a beginning balance of 285,641,675.09 yuan, with a fair value change gain of 1,949,786.46 yuan and an ending balance of 545,485,139.13 yuan[94] - The company's receivables financing had a beginning balance of 174,981,654.19 yuan, with purchases of 1,035,380,769.82 yuan and sales of 1,042,487,092.24 yuan, resulting in an ending balance of 167,875,331.77 yuan[94] - The company's total fundraising amount in 2019 and 2021 was 1,250,000,000.00 yuan, with 447,057,900.00 yuan already used and 790,464,800.00 yuan remaining unused[100] - The company's other financial assets had an initial investment cost of 110,660,020.90 yuan, with a fair value change gain of 1,949,786.46 yuan and an ending balance of 377,609,807.36 yuan[99] - The company's cumulative investment income from other financial

Revenue and Profit Growth - Revenue for Q3 2021 reached ¥331,491,218.13, an increase of 26.44% year-over-year, and total revenue for the year-to-date is ¥1,182,365,338.37, up 130.51% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2021 was ¥168,563,621.95, a significant increase of 355.24% year-over-year, with year-to-date net profit at ¥484,730,525.55, up 687.85%[3] - Basic earnings per share for Q3 2021 was ¥0.82, reflecting a 256.52% increase year-over-year, while year-to-date earnings per share reached ¥2.37, up 478.05%[3] - The company reported a significant increase in sales revenue from 465,996,952.01 to 979,017,910.21, representing a growth of 109.0%[40] - Net profit for the period was ¥480,182,448.91, reflecting a significant growth of 691.17% year-over-year[13] - The total comprehensive income attributable to the parent company's owners is 484,642,468.64, compared to 61,155,435.55, an increase of 694.5%[36] Assets and Liabilities - Total assets as of September 30, 2021, amounted to ¥2,194,777,292.75, representing a 32.83% increase from the end of the previous year[3] - The total assets increased to CNY 2,194,777,292.75 as of September 30, 2021, compared to CNY 1,652,292,547.90 at the end of 2020[26] - The total liabilities as of September 30, 2021, were CNY 697,385,974.06, up from CNY 612,544,468.21 at the end of 2020[26] - The total liabilities increased to $612.54 million, compared to $678.11 million, with a change of $65.57 million[53] Cash Flow and Investments - The company's cash flow from operating activities for the year-to-date was ¥121,975,529.22, an increase of 273.14% compared to the same period last year[3] - The cash flow from investment activities increased by 168.13% to ¥691,796,720.98, primarily due to the maturity of bank wealth management products[13] - The net cash flow from investing activities was -$141.44 million, compared to -$173.71 million in the previous period[46] - The total cash and cash equivalents at the end of the period amounted to $120.49 million, down from $227.63 million in the previous period[46] Research and Development - Research and development expenses surged to ¥115,253,343.43, marking a 221.67% increase due to higher investment in new product development[10] - Research and development expenses increased to 115,253,343.43 from 35,829,249.13, marking a rise of 221.5%[31] Other Financial Metrics - The weighted average return on equity for Q3 2021 was 12.71%, an increase of 8.93% year-over-year, with a year-to-date return on equity of 47.41%, up 39.48%[3] - The company received government subsidies amounting to ¥17,937,565.19, an increase of 86.80% compared to the previous period[10] - The company's tax expenses rose significantly by 866.37% to ¥45,547,157.83, reflecting the impact of substantial profit growth[13] - The company reported a decrease in accounts receivable to CNY 344,755,966.92 as of September 30, 2021, from CNY 447,961,977.37 at the end of 2020[20]

Financial Performance - The company reported a total revenue of 500 million RMB for the first half of 2021, representing a year-on-year increase of 20%[20]. - The company achieved operating revenue of CNY 850.87 million in the first half of 2021, representing a year-on-year increase of 239.31%[27]. - Net profit attributable to shareholders reached CNY 316.17 million, a significant increase of 1,190.55% compared to the same period last year[27]. - The net profit after deducting non-recurring gains and losses was CNY 303.92 million, up 1,601.87% year-on-year[27]. - The company reported a total comprehensive income of ¥314,780,120.22 for the first half of 2021, compared to ¥24,229,839.36 in the previous year, an increase of 30.0%[176]. - Basic earnings per share for the first half of 2021 were ¥1.54, compared to ¥0.17 in the same period of 2020, representing an increase of 807.4%[176]. - The company's total profit for the first half of 2021 was CNY 355,739,570.74, compared to CNY 27,920,901.17 in the first half of 2020, reflecting a growth of approximately 1175%[179]. Research and Development - Research and development expenses increased by 30% to 50 million RMB, reflecting the company's commitment to innovation[20]. - The company invested CNY 67.55 million in R&D during the first half of 2021, marking a 213.04% increase from the previous year[38]. - Research and development expenses surged by 213.04% to ¥67,548,292.25, reflecting the company's commitment to new product development[54]. - Research and development expenses for the reporting period were 67.55 million RMB, representing 7.94% of revenue[86]. - The company has multiple R&D centers focused on developing cutting-edge projects aligned with its strategic goals[38]. Market Expansion and Product Development - The company plans to launch two new products in Q3 2021, focusing on smart power management chips and advanced integrated circuits[20]. - The company is expanding its market presence in Southeast Asia, aiming for a 10% market share by the end of 2022[20]. - The company is experiencing strong demand in the power management chip market, particularly for fast charging solutions, with significant supply shortages reported[36]. - The LED driver chip market is also seeing explosive growth, driven by the rapid adoption of high-end LED display products[37]. - The company is actively developing new products in the RF front-end chip market to meet the increasing demand from the transition to 5G technology[37]. - The company has launched new products such as mini LED driver chips and multi-protocol PD chips, which have received strong customer recognition and are in high demand[47]. Financial Position and Assets - Total assets increased by 29.20% year-on-year, reaching CNY 2.13 billion[28]. - Cash and cash equivalents at the end of the reporting period amounted to ¥196,776,275.26, representing 9.22% of total assets, a decrease of 2.97% compared to the previous year[57]. - Accounts receivable decreased to ¥384,528,131.86, accounting for 18.01% of total assets, down by 9.10% from the previous year[57]. - Inventory stood at ¥233,258,248.27, which is 10.93% of total assets, reflecting a decrease of 4.00% year-over-year[57]. - Total current assets increased to ¥1,594,828,815.57, up from ¥1,225,434,231.18, representing a growth of approximately 30.2% year-over-year[159]. - Total liabilities increased to ¥1,454,528,203.06 from ¥1,119,155,703.46, reflecting a growth of around 30%[161]. Risks and Challenges - Risk factors identified include supply chain disruptions and increased competition in the semiconductor industry[6]. - The company faced risks from macroeconomic fluctuations, trade tensions, and exchange rate volatility, which could impact demand and profitability[84][85]. - The company plans to continue expanding its product lines and exploring new markets to mitigate risks from trade tensions[84]. Shareholder and Equity Information - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year[7]. - The company plans to grant a total of 4 million restricted stocks to 173 incentive objects, accounting for 2.54% of the total share capital of 1,576.55765 million shares, with a grant price of RMB 23.95 per share[96]. - The total number of ordinary shareholders at the end of the reporting period was 24,856[132]. - The company’s share capital structure includes 90% unrestricted shares and 10% restricted shares[126]. - The company reported a total of 71,197,918 shares held by its largest shareholder, Jijing (Hong Kong) Limited, representing 34.74% of the total shares[143]. Investment and Financing Activities - The company has prepaid 114 million yuan to wafer foundries to secure production capacity for new products, ensuring timely market launch[39]. - The total minimum lease payments for the remaining lease terms amount to RMB 105,539,990.69, with over 10% of the total profit for the reporting period not being affected by any lease projects[114]. - The company has committed a total of 25,000 million CNY for the "Power Semiconductor Devices and LED Control and Drive Products Intelligent Production Construction Project," with an actual investment of 14,452.52 million CNY, achieving 92.40% of the planned investment progress[68]. - The company reported a total of ¥35,000 million in raised funds, with ¥4,682.87 million utilized during the reporting period[66]. Legal and Compliance Matters - The company reported no significant environmental protection issues or non-operating fund occupation by controlling shareholders during the reporting period[99][102]. - There were no major lawsuits or arbitration matters affecting the company's normal operations during the reporting period[109]. - The company has no significant related party transactions or major contracts that could impact its financial performance during the reporting period[112][113].

Financial Performance - The company's revenue for Q1 2021 was ¥266,048,277.13, representing a 164.36% increase compared to ¥100,637,843.84 in the same period last year[9] - Net profit attributable to shareholders reached ¥61,528,563.13, an increase of 831.50% from ¥6,605,291.21 year-over-year[9] - The net profit after deducting non-recurring gains and losses was ¥58,219,035.01, up 1,230.88% from ¥4,374,476.41 in the previous year[9] - Basic earnings per share were ¥0.39, a significant increase of 680.00% compared to ¥0.05 in the same period last year[9] - Total operating revenue for the current period reached ¥266,048,277.13, a significant increase from ¥100,637,843.84 in the previous period, representing a growth of approximately 163.5%[65] - Operating profit for the current period was ¥67,191,199.89, compared to ¥6,630,862.44 in the previous period, indicating a substantial increase of about 911.5%[71] - Net profit for the current period was ¥61,122,563.02, up from ¥6,382,466.00 in the previous period, reflecting an increase of approximately 854.5%[71] - The company reported a total comprehensive income of ¥61,226,036.43 for the current period, compared to ¥6,625,515.48 in the previous period, reflecting an increase of approximately 823.5%[75] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,831,407,375.78, reflecting a 10.84% increase from ¥1,652,292,547.90 at the end of the previous year[9] - The total current assets as of March 31, 2021, amount to CNY 1,331,761,130.04, compared to CNY 1,225,434,231.18 in the previous period[48] - The total liabilities increased to ¥730,433,259.66 from ¥612,544,468.21, reflecting a growth of approximately 19.25%[54] - The total liabilities increased to ¥864,600,799.76 from ¥702,772,569.13, marking a rise of about 23%[64] - Non-current assets totaled ¥499,646,245.74, compared to ¥426,858,316.72, reflecting a growth of about 16.99%[56] - Current liabilities rose to ¥569,879,087.91 from ¥506,611,235.25, marking an increase of approximately 12.45%[54] - Short-term borrowings increased to ¥211,390,697.00, up from ¥186,244,820.00, which is an increase of about 13.73%[54] - The company's cash and cash equivalents decreased to ¥150,360,471.24 from ¥194,671,024.78, a decline of about 22.73%[58] Shareholder Information - The company reported a total of 23,722 common shareholders at the end of the reporting period[14] - The largest shareholder, Jijing (Hong Kong) Limited, held 36.15% of the shares, totaling 56,987,544 shares[14] - The net assets attributable to shareholders amounted to ¥1,098,013,102.40, which is a 5.95% increase from ¥1,036,381,065.86 at the end of the last year[9] - Total equity attributable to shareholders increased to ¥1,098,013,102.40 from ¥1,036,381,065.86, reflecting a growth of approximately 5.95%[57] - Total equity rose to ¥1,052,248,818.20 from ¥988,071,585.90, showing an increase of approximately 6.5%[64] Cash Flow - The net cash flow from operating activities was -¥33,938,182.70, a decline of 29.44% compared to -¥26,218,583.33 in the previous year[9] - Cash inflow from operating activities totaled CNY 165,456,047.11, compared to CNY 132,201,748.49 in the previous period[87] - Cash outflow from operating activities was CNY 199,394,229.81, compared to CNY 158,420,331.82 in the previous period[87] - The net cash flow from investment activities is -CNY 24,437,697.16, slightly improving from -CNY 25,454,187.98 in the previous period[87] - Cash inflow from financing activities was CNY 75,443,712.00, down from CNY 100,000,000.00 in the previous period[89] - The ending cash and cash equivalents balance is CNY 132,849,512.93, compared to CNY 76,497,948.13 in the previous period[89] Investment and Projects - The company has invested CNY 1,192.01 million in the current quarter, with a cumulative investment of CNY 28,958.11 million[32] - The project "Power Semiconductor Devices and Intelligent Production of LED Control and Drive Products" has an investment progress of 77.98%[32] - The project "LED Control and Drive Products, Power Management Products Production Project" has an investment progress of 72.87%[32] - The company has changed the implementation location of the "Power Semiconductor Devices and Intelligent Production of LED Control and Drive Products" project to Shenzhen, eliminating the need for construction costs of CNY 10,547.48 million[35] - The company plans to continue expanding its market presence and investing in new product development to sustain growth[28] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[70] Research and Development - Research and development expenses increased by 90.96% to 18,248,443.27 yuan, driven by higher R&D investments[23] - Research and development expenses for the current period were ¥18,248,443.27, compared to ¥9,556,279.92 in the previous period, representing an increase of about 91.5%[68]