TECHSEM(SZ:300046)2018-08-16 16:00Financial Performance - Total revenue for the first half of 2018 was CNY 199,666,958.09, representing a 40.82% increase compared to CNY 141,785,949.11 in the same period last year[21]. - Net profit attributable to shareholders was CNY 47,134,231.29, a 74.58% increase from CNY 26,997,991.80 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 46,025,699.26, up 73.60% from CNY 26,512,298.53 in the previous year[21]. - Basic and diluted earnings per share increased by 16.42% to CNY 0.2212 from CNY 0.19[21]. - The total profit reached 52.24 million yuan, an increase of 73.50% compared to the previous year[37]. - The company achieved a revenue of 199.67 million yuan, representing a year-on-year growth of 40.82%[37]. - The company’s average return on equity was 5.50%, up by 2.14 percentage points year-on-year[37]. - The total comprehensive income for the first half of 2018 was ¥47,134,231.29, up from ¥26,997,991.80, marking a growth of 74.5%[136]. Cash Flow and Assets - The company reported a negative net cash flow from operating activities of CNY -21,117,118.52, a decline of 139.59% compared to CNY 53,344,582.29 in the same period last year[21]. - The company's cash and cash equivalents decreased to CNY 186,749,869.30 from CNY 254,884,578.14, a decline of approximately 26.7%[126]. - The ending cash and cash equivalents balance decreased to ¥186,749,869.30 from ¥304,421,807.17, representing a decline of approximately 38.6%[141]. - Total assets at the end of the reporting period were CNY 1,009,088,435.45, a decrease of 1.62% from CNY 1,025,717,939.08 at the end of the previous year[21]. - Current assets totaled CNY 541,570,034.75, slightly down from CNY 550,684,091.73, indicating a decrease of about 1.9%[127]. - Accounts receivable increased to CNY 84,209,677.30 from CNY 60,209,669.59, reflecting an increase of about 39.8%[126]. - The total amount of funds raised by the company is 58,805.3 million yuan, with a cumulative investment of 51,650.18 million yuan as of the end of the reporting period[55]. Investments and Acquisitions - The company has used excess raised funds to acquire 100% equity of Beijing Bianchun Tian Film Co., Ltd., with a total payment of 25,663.49 million yuan[56]. - The company has established the Taiji Haide Emerging Industry Fund to invest in strategic emerging industries, indicating a focus on external growth through investments and acquisitions[42]. - The company has invested in multiple film and television projects, including the completed web series "The Assassin's Girlfriend" and several ongoing productions, enhancing its cultural business segment[40]. - The company has invested 313.85 million yuan from its own funds in the fundraising projects prior to the official fundraising[59]. Market and Product Development - The company plans to expand sales and market share of existing products such as thyristors, rectifiers, IGBTs, and power electronic modules, while also focusing on R&D of third-generation wide bandgap semiconductor materials and devices[6]. - The company plans to leverage opportunities in the semiconductor and related fields, including integrated circuits and artificial intelligence, to expand its market presence amid ongoing trade tensions[42]. - The company is actively expanding its film and television business through exclusive and joint investments in multiple projects, including the ongoing filming of "Thin Horse in the West Wind" and completed productions of "If Possible, Never Love You" and "My Uncertain Youth"[67]. Shareholder and Equity Information - The company will not distribute cash dividends or issue bonus shares for the reporting period[8]. - The company distributed a total of 28.416 million RMB in cash dividends to shareholders[108]. - The largest shareholder, Xiangyang New Instrument Semiconductor Co., Ltd., holds 30.02% of the shares, totaling 63,978,000 shares[110]. - Fuhua Far East Co., Ltd. reduced its holdings to 10,655,940 shares, now representing 4.99997% of the total share capital[110]. Compliance and Governance - The financial report for the first half of 2018 was not audited[124]. - The company has implemented an employee stock ownership plan, approved by the board and shareholders, to enhance employee engagement and retention[82]. - The company has received ISO9001, ISO14001, and OHSAS18001 certifications, indicating compliance with management system standards[99]. - The company has completed environmental protection facilities and complies with environmental regulations[97]. Risks and Challenges - The company faces intense competition in the power semiconductor industry, with a focus on accelerating the development of new devices and expanding application fields to stabilize and increase market share[68]. - The company acknowledges risks related to slow technological advancements and plans to enhance independent research and development while seeking external technical cooperation[70]. - The integration of the film and television business with Bianchun Tian is crucial, as differences in management and operational philosophies could impact overall strategy and performance[70].