NCE(SH:605111)2021-08-25 16:00Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2021, representing a year-on-year increase of 15%[1]. - The company's revenue for the first half of 2021 reached ¥677,150,208.31, representing a 76.21% increase compared to ¥384,283,124.40 in the same period last year[26]. - Net profit attributable to shareholders was ¥174,476,187.56, a significant increase of 215.29% from ¥55,338,931.67 in the previous year[26]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, reaching ¥169,970,911.80, a 219.96% increase from ¥53,122,770.50[26]. - Basic earnings per share for the first half of 2021 were ¥1.23, up 136.54% from ¥0.52 in the same period last year[26]. - The company’s net profit attributable to shareholders reached 17,447.62 million yuan, up 215.29% compared to the same period last year[52]. - The company reported a total of ¥4,068,183.24 in taxes and additional charges, which is a significant increase from ¥1,388,575.34 in the previous year[198]. Research and Development - The company has allocated RMB 100 million for R&D in new technologies, focusing on power semiconductor innovations[1]. - The company increased its R&D investment to 3,549.68 million yuan, accounting for 5.24% of operating revenue, which is higher than the same period last year[53]. - The company holds a total of 135 patents, including 36 invention patents, establishing a strong technological barrier against competitors in the semiconductor power device industry[39]. - The company is focused on expanding its product offerings in the high-end power management sector, particularly with advanced MOSFET technologies[19]. - The company is actively developing SiC/GaN wide bandgap semiconductor power devices to enhance its competitive edge in advanced technology fields[41]. - The company is developing a series of IC products for controlling and driving power switching devices, which are currently in the customer validation stage[58]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share in the region by the end of 2022[1]. - The company plans to enhance its market presence through strategic partnerships and potential acquisitions in the semiconductor industry[19]. - The company has successfully entered the supply chain of leading clients such as BYD, CATL, and DJI, enhancing its market presence[48]. - The semiconductor power device market in China is projected to grow to $15.9 billion, indicating significant potential for market expansion[37]. - The company is enhancing its market presence in automotive electronics and photovoltaic energy storage to mitigate risks associated with market volatility[92]. Financial Position and Assets - The company has maintained a strong cash position with cash reserves of RMB 500 million, ensuring liquidity for future investments[1]. - The company's total assets increased by 12.19% to ¥1,568,961,676.02 from ¥1,398,481,471.87 at the end of the previous year[26]. - The company's fixed assets grew by 31.26% to ¥136,504,506.20, reflecting increased investments in construction and equipment[82]. - The total current assets as of June 30, 2021, amounted to RMB 1,354,225,147.20, an increase from RMB 1,242,084,936.26 as of December 31, 2020, reflecting a growth of approximately 9.00%[183]. - Cash and cash equivalents reached RMB 807,321,729.86, up from RMB 680,764,915.01, indicating a growth of about 18.60%[183]. Risks and Challenges - The management highlighted potential risks including supply chain disruptions and increased competition in the semiconductor market[1]. - The company faces procurement price fluctuation risks, particularly in chip foundry and packaging services, which significantly impact product costs[93]. - The company anticipates increased depreciation and amortization expenses due to new equipment and production facilities, which could impact future earnings if revenue targets are not met[97]. Corporate Governance and Compliance - The company has undergone changes in its board of directors, with the election of Zhu Heping as an independent director following the resignation of Huang Yijian[100]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[107]. - The company strictly adheres to environmental laws and regulations, ensuring compliance with air and water pollution standards[108]. - The company commits to ensure the accuracy and completeness of its prospectus, taking legal responsibility for any false statements or omissions[140]. Shareholder Information - The company has committed to a 36-month lock-up period for shares held by major shareholders and executives post-IPO, during which no transfers or repurchases are allowed[122]. - Major shareholders have pledged to avoid any business activities that may compete with the company's operations, ensuring no conflicts of interest arise[127]. - The total number of ordinary shareholders reached 28,739 by the end of the reporting period[164]. - The top shareholder, Zhu Yuanzheng, holds 33,062,400 shares, representing 23.34% of the total shares[164].