NSIG(SH:688126)2021-10-28 16:00Major Financial Data Major Accounting Data and Financial Indicators The company reported strong revenue growth in Q3 2021 and year-to-date, despite a current period net loss, while total assets increased | Indicator | Current Period (Q3 2021) | YoY Change (%) for Current Period | Year-to-Date (YTD) | YoY Change (%) for YTD | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (million yuan) | 644.439 | 42.36 | 1,767.2912 | 35.22 | | Net Profit Attributable to Shareholders of Listed Company (million yuan) | -4.6322 | -105.73 | 100.6595 | Not Applicable | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Items) (million yuan) | -26.1508 | Not Applicable | -102.677 | Not Applicable | | Basic Earnings Per Share (yuan/share) | -0.002 | -106.06 | 0.041 | Not Applicable | | Net Cash Flow from Operating Activities (million yuan) | Not Applicable | Not Applicable | 164.645 | 712.88 | | Total R&D Investment (million yuan) | 35.4834 | -9.95 | 88.787 | -14.74 | | Balance Sheet Indicators | End of Current Period | | End of Prior Year | Change (%) from Prior Year-End | | Total Assets (million yuan) | 15,161.9824 | | 14,498.5073 | 4.58 | | Total Equity Attributable to Shareholders of Listed Company (million yuan) | 9,903.2077 | | 9,443.04 | 4.87 | Non-recurring Gains and Losses Items and Amounts Non-recurring gains and losses, primarily government subsidies and fair value changes, significantly impacted net profit year-to-date | Item | Amount for Current Period (million yuan) | Amount Year-to-Date (million yuan) | | :--- | :--- | :--- | | Government Subsidies | 56.593 | 186.7247 | | Fair Value Changes in Financial Assets/Liabilities, etc | -33.4426 | 18.4616 | | Total | 21.5186 | 203.3365 | Analysis of Changes in Major Financial Indicators Revenue growth was driven by market demand and capacity expansion, while net profit decline was due to a high prior-year base, and operating cash flow significantly improved from government subsidies - Operating revenue growth (+42.36% for the current period, +35.22% year-to-date) was primarily driven by strong market demand and increased sales from enhanced 300mm semiconductor silicon wafer production capacity89 - Net profit attributable to shareholders for the current period decreased by 105.73% year-on-year, mainly due to significant fair value gains from the company's investment in Juyuan Xinxing Industry Fund in the prior period, resulting in a high comparison base9 - Net cash flow from operating activities increased significantly by 712.88% year-to-date, primarily due to substantial government subsidies received in the current period9 Shareholder Information Shareholding Status of Shareholders The company had 75,860 common shareholders, with state-owned entities as the top two, each holding 22.86% - The total number of common shareholders was 75,860 at the end of the reporting period10 | Shareholder Name | Shareholding Ratio (%) | Number of Shares Held (shares) | Nature of Shares | | :--- | :--- | :--- | :--- | | Shanghai Guosheng (Group) Co., Ltd. | 22.86 | 567,000,000 | State-owned Legal Entity | | China Integrated Circuit Industry Investment Fund Co., Ltd. | 22.86 | 567,000,000 | State-owned Legal Entity | | Shanghai Wuyuefeng Integrated Circuit Equity Investment Partnership | 6.53 | 162,000,000 | Other | | Shanghai Jiading Industrial Zone Development (Group) Co., Ltd. | 6.23 | 154,437,600 | State-owned Legal Entity | | Shanghai Xinyang Semiconductor Materials Co., Ltd. | 5.63 | 139,653,500 | Domestic Non-state-owned Legal Entity | | Shanghai Xinwei Technology Group Co., Ltd. | 5.54 | 137,500,000 | State-owned Legal Entity | Other Reminders Other Important Information The company has no other significant operating information to highlight for investors during the reporting period - The company confirms no other important information regarding its operating performance during the reporting period requires investor attention14 Quarterly Financial Statements Consolidated Balance Sheet As of September 30, 2021, total assets increased by 4.58% to 15.162 billion yuan, with equity attributable to parent company owners at 9.903 billion yuan | Item | September 30, 2021 (yuan) | December 31, 2020 (yuan) | | :--- | :--- | :--- | | Total Assets | 15,161,982,429.27 | 14,498,507,264.28 | | Total Current Assets | 2,603,643,892.99 | 3,327,717,225.96 | | Total Non-current Assets | 12,558,338,536.28 | 11,170,790,038.32 | | Total Liabilities | 5,222,598,683.16 | 4,958,540,172.18 | | Total Current Liabilities | 1,424,353,015.57 | 1,407,214,628.42 | | Total Non-current Liabilities | 3,798,245,667.59 | 3,551,325,543.76 | | Total Owners' Equity | 9,939,383,746.11 | 9,539,967,092.10 | | Total Equity Attributable to Parent Company Owners | 9,903,207,727.04 | 9,443,040,007.05 | Consolidated Income Statement In Q1-Q3 2021, operating revenue grew 35.22% to 1.767 billion yuan, with net profit attributable to parent company shareholders turning profitable at 101 million yuan | Item (Q1-Q3 2021) | Amount (yuan) | Amount in Prior Period (yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 1,767,291,186.49 | 1,306,961,775.51 | | Operating Profit | 115,311,053.93 | 20,838,492.05 | | Total Profit | 115,923,108.63 | 17,762,291.51 | | Net Profit | 101,235,767.41 | -2,225,452.45 | | Net Profit Attributable to Parent Company Shareholders | 100,659,490.53 | -1,736,940.48 | | Basic Earnings Per Share (yuan/share) | 0.041 | -0.001 | Consolidated Cash Flow Statement In Q1-Q3 2021, operating cash flow significantly increased to 165 million yuan, while investing outflow narrowed and financing inflow decreased | Item (Q1-Q3 2021) | Amount (yuan) | Amount in Prior Period (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 164,645,019.64 | 20,254,528.49 | | Net Cash Flow from Investing Activities | -638,769,177.37 | -1,904,225,427.57 | | Net Cash Flow from Financing Activities | 49,315,788.67 | 2,171,723,037.13 | | Net Increase in Cash and Cash Equivalents | -432,756,164.46 | 288,202,356.52 | | Cash and Cash Equivalents at Period-End | 847,066,067.64 | 982,242,104.44 | Impact of New Lease Accounting Standard Implementation The company adopted the new lease standard from January 1, 2021, adjusting opening financial statements by recognizing right-of-use assets and lease liabilities, with no impact on shareholders' equity - The company first adopted the new lease accounting standard on January 1, 2021, adjusting relevant items in the opening financial statements, with comparative financial statements not restated28 | Adjustment Item | Adjustment Amount (yuan) | | :--- | :--- | | Right-of-Use Assets | +115,236,320.46 | | Fixed Assets | -73,055,980.94 | | Prepayments | -314,160.00 | | Non-current Liabilities Due Within One Year | +6,483,004.50 | | Lease Liabilities | +55,729,850.06 | | Long-term Payables | -20,346,675.04 |