扬杰科技(300373) - 2025 Q2 - 季度财报

Section I Important Notes, Table of Contents, and Definitions Important Notes The Board of Directors, Supervisory Committee, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report, with the company facing multiple risks in market competition, technology, management, M&A, and the international political and economic environment, while also approving a 2025 semi-annual profit distribution plan of 4.2 CNY (tax inclusive) per 10 shares - The company's Board of Directors, Supervisory Committee, and senior management declare the semi-annual report content is true, accurate, and complete[3] - The company faces risks from market competition, technology, management, M&A, and the international political and economic environment[4][5][7][8][9] 2025 Semi-Annual Profit Distribution Plan | Indicator | Content | | :--- | :--- | | Distribution Basis | 543,347,787 shares | | Cash Dividend per 10 Shares | 4.2 CNY (tax inclusive) | Table of Contents This section outlines the report's overall structure, comprising eight main chapters covering company profile, management discussion and analysis, corporate governance, significant events, share changes, bond information, and financial reports - The report includes eight main chapters, covering key information on company operations, finance, and governance[12] Reference Documents This section provides the storage location for reference documents, including original financial statements, publicly disclosed documents, and announcements from the reporting period, for investor review - Reference documents include financial statements, originals of publicly disclosed documents, and announcements, stored at the company's Securities Investment Department[14][15][17] Definitions This section defines key terms used in the report, including company abbreviations, semiconductor professional terms (e.g., MOSFET, IGBT, SiC, GaN), industry concepts (e.g., IDM, wafer, packaging), and major subsidiary names, ensuring clear understanding of the report's content - Definitions of key terms in the report cover company abbreviations, semiconductor professional terms, industry concepts, and subsidiary names[18][19][20] Section II Company Profile and Key Financial Indicators Company Profile Yangzhou Yangjie Electronic Technology Co, Ltd (stock abbreviation: Yangjie Technology, stock code: 300373) is listed on the Shenzhen Stock Exchange, with Liang Qin as its legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Stock Abbreviation | Yangjie Technology | | Stock Code | 300373 | | Listing Exchange | Shenzhen Stock Exchange | | Legal Representative | Liang Qin | Contact Person and Contact Information This section provides contact information for Fan Fengbin, the company's Board Secretary, and Qin Nan, the Securities Affairs Representative, including address, phone, fax, and email, to facilitate investor communication - Contact information for the company's Board Secretary Fan Fengbin and Securities Affairs Representative Qin Nan has been disclosed[23] Other Information During the reporting period, there were no changes in the company's registered address, office address, website, email, information disclosure website and media name, or registration status, with specific information available in the 2024 annual report - The company's contact information, information disclosure, storage locations, and registration status remained unchanged during the reporting period[24][25][26] Key Accounting Data and Financial Indicators The company's key financial indicators showed strong performance in this reporting period, with operating revenue increasing by 20.58% year-on-year, net profit attributable to shareholders increasing by 41.55%, and basic earnings per share growing by 43.59%, while total assets and net assets attributable to shareholders also achieved steady growth Key Accounting Data and Financial Indicators for the Current Reporting Period | Indicator | Current Reporting Period (CNY) | Prior Year Period (CNY) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 3,454,861,057.06 | 2,865,255,202.25 | 20.58% | | Net Profit Attributable to Shareholders of Listed Company | 601,345,162.23 | 424,843,451.68 | 41.55% | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | 559,030,742.52 | 422,451,942.72 | 32.33% | | Net Cash Flow from Operating Activities | 757,490,803.53 | 528,137,435.41 | 43.43% | | Basic Earnings Per Share (CNY/share) | 1.12 | 0.78 | 43.59% | | Diluted Earnings Per Share (CNY/share) | 1.12 | 0.78 | 43.59% | | Weighted Average Return on Net Assets | 6.63% | 5.03% | 1.60% | | Indicator | End of Current Reporting Period (CNY) | End of Prior Year (CNY) | Change from End of Prior Year | | :--- | :--- | :--- | :--- | | Total Assets | 15,533,830,069.13 | 14,271,620,366.91 | 8.84% | | Net Assets Attributable to Shareholders of Listed Company | 9,114,467,039.32 | 8,764,548,513.12 | 3.99% | Differences in Accounting Data Under Domestic and Overseas Accounting Standards During the reporting period, the company had no differences in net profit and net assets between financial reports disclosed under International Accounting Standards or overseas accounting standards and Chinese Accounting Standards - The company's financial reports show no differences in net profit and net assets under domestic and overseas accounting standards[28][29] Non-Recurring Gains and Losses and Amounts Total non-recurring gains and losses for this reporting period amounted to 42,314,419.71 CNY, primarily from fair value changes in financial assets and gains/losses from entrusted investments or asset management, after deducting non-current asset disposal gains/losses, non-operating income/expenses, and income tax effects Non-Recurring Gains and Losses and Amounts | Item | Amount (CNY) | | :--- | :--- | | Gains or losses from disposal of non-current assets | -651,205.92 | | Government subsidies recognized in current profit or loss (excluding those related to normal business operations) | 4,933,919.47 | | Gains or losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and disposal gains or losses, excluding hedging activities | 35,800,720.65 | | Gains or losses from entrusted investments or asset management | 14,296,915.50 | | Other non-operating income and expenses apart from the above | -3,511,433.67 | | Less: Income tax impact | 8,246,020.50 | | Impact on minority interests (after tax) | 308,475.82 | | Total | 42,314,419.71 | Section III Management Discussion and Analysis Main Business Activities of the Company During the Reporting Period The company specializes in R&D, production, and sales of power semiconductor devices, widely used in automotive electronics, AI servers, and clean energy, with revenue growing by 20.58% in H1 2025 driven by AI, new energy, and automotive electronics, while adopting an IDM and Fabless parallel model and expanding global markets through "strong brand" and "dual circulation" strategies - The company primarily deals in power semiconductor devices, applied in automotive electronics, AI servers, and clean energy sectors[34][39] - In the first half of 2025, the power semiconductor market experienced "demand expansion and accelerated domestic substitution" driven by AI, new energy, and automotive electronics[35] - The company's revenue increased by 20.58% year-on-year, employing an IDM integrated and Fabless parallel model, and implementing a "strong brand" and "dual circulation" global market strategy[39][40][41][44] [Industry Development Overview](index=12&type=