Lion(SH:605358)2021-08-29 16:00Financial Performance - The company's operating revenue for the first half of 2021 reached ¥102,838.34 million, representing a 58.57% increase compared to ¥64,852.06 million in the same period last year[12]. - Net profit attributable to shareholders of the listed company was ¥20,897.49 million, a significant increase of 174.21% from ¥7,621.12 million year-on-year[12]. - The net profit after deducting non-recurring gains and losses was ¥18,385.98 million, up 234.00% from ¥5,504.84 million in the previous year[12]. - The net cash flow from operating activities was ¥8,124.82 million, an increase of 32.07% compared to ¥6,151.93 million in the same period last year[12]. - Basic earnings per share for the reporting period were ¥0.52, up 147.62% from ¥0.21 in the same period last year[13]. - Operating profit reached 245.40 million yuan, up 155.50% compared to the same period last year[26]. - The total comprehensive income for the first half of 2021 was ¥217,281,757.81, compared to ¥86,038,060.73 in the first half of 2020, an increase of 153.5%[96]. Assets and Liabilities - The total assets at the end of the reporting period were ¥759,735.73 million, reflecting a 19.17% increase from ¥637,534.63 million at the end of the previous year[12]. - The total liabilities as of June 30, 2021, amounted to ¥1,124,491,757.88, compared to ¥865,040,845.14 at the end of 2020, indicating an increase of 30%[93]. - Total liabilities reached CNY 4,912,915,033.81, up from CNY 3,862,652,776.70, marking an increase of approximately 27.2%[89]. - The company's total equity reached ¥1,348,900,119.59 as of June 30, 2021, up from ¥1,271,386,619.64 at the end of 2020, representing a growth of 6.1%[92]. Research and Development - The company has a strong focus on technological innovation, having completed several national key projects and established multiple research and development platforms[21]. - Research and development expenses surged by RMB 4,163 million, marking a 91.51% increase, primarily due to increased R&D activities at the subsidiary Jinrui Hong Microelectronics[34]. - The company has over 400 R&D and technical personnel, forming a multi-level technical team with strong independent R&D capabilities[24]. Market Position and Strategy - The company has established a comprehensive semiconductor manufacturing platform, covering silicon wafers to chips, enhancing its competitive edge[17]. - The semiconductor industry is experiencing rapid growth, driven by increased downstream demand due to the "pandemic economy" and domestic semiconductor substitution[25]. - The company ranks first among domestic silicon wafer producers and has been recognized in various industry evaluations[22]. - The company plans to issue up to 120,174,000 shares through a private placement, raising a total of up to RMB 520 million, which will be used for various projects including the production of 180,000 12-inch silicon wafers annually[31]. Environmental Compliance - The company achieved compliance with pollution discharge standards for key pollutants, including pH (7.8), COD (61 mg/L), and ammonia nitrogen (7.61 mg/L)[53]. - The company has established wastewater treatment systems and air pollution control facilities, ensuring compliance with environmental standards[62]. - The company reported that all monitored pollutants, including COD at 27.5 mg/L and ammonia nitrogen at 4.6 mg/L, are within the regulatory limits[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,309[81]. - The largest shareholder, Wang Minwen, holds 79,615,720 shares, representing 19.88% of the total shares[82]. - The company has committed to not transferring or managing its shares for 36 months post-IPO, ensuring stability in shareholding[69]. Financial Instruments and Accounting Policies - The company applies the effective interest method to calculate interest income or expenses for financial assets and liabilities, considering all contractual terms[147]. - Financial assets measured at amortized cost must meet specific criteria, including the objective of collecting contractual cash flows[146]. - The company recognizes expected credit losses for financial assets measured at amortized cost as a reduction of the carrying amount in the balance sheet[159]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[103]. - Future guidance indicates a focus on market expansion and potential mergers and acquisitions to drive growth[87].