Leadmicro(SH:688147)2023-08-30 16:00Patent and R&D Development - The company has achieved a significant increase in patent applications and authorizations, with 6 new patents granted and a total of 108 authorized patents, alongside 50 new applications, bringing the total to 285[5]. - The company has invested a total of 96,427 million RMB in various R&D projects, with a focus on advanced technologies such as ALD systems and high-efficiency photovoltaic coating systems[11]. - The number of R&D personnel increased to 303, representing 19.25% of the total workforce, compared to 206 and 25.50% in the previous year[13]. - The average salary of R&D personnel rose to 18.05 million RMB, up from 15.84 million RMB in the previous year[13]. - The company is focusing on expanding its patent portfolio and enhancing its R&D capabilities[36]. - The company filed for 56 new patents this period, with 14 granted, bringing the total to 404 applications and 181 granted[36]. - The company has a total of 174 invention patents, with 18 granted to date[36]. - The company has 102 utility model patents, with 81 granted[36]. - The company has 20 software copyrights, all of which have been granted[36]. - The company has 9 design patents, all of which have been granted[36]. Financial Performance - The company achieved a revenue of 382.08 million yuan in the first half of 2023, an increase of 145.53% compared to the same period last year, with a year-on-year increase of 226.46 million yuan[22]. - The net profit attributable to the parent company for the first half of 2023 was 68.57 million yuan, turning from loss to profit, with a year-on-year increase of 107.82 million yuan[22]. - R&D investment in the first half of 2023 was 98.03 million yuan, accounting for over 25% of revenue, with about 50% directed towards the semiconductor sector[25]. - Total R&D investment reached ¥98,031,889.53, a 58.53% increase from ¥61,837,358.02 in the same period last year[38]. - The proportion of R&D investment to operating income decreased by 1 percentage point to 25.66%[38]. - The company reported a 3.34% increase in expensed R&D investment compared to the previous year[38]. Technology and Market Expansion - The company is focusing on the development of ALD coating equipment for new energy batteries, with a total investment of CNY 1,785 million, CNY 86.77 million invested this period, and a cumulative investment of CNY 846.54 million[8]. - The company is advancing the development of high-efficiency solar silicon battery contact passivation technology, with an investment of CNY 5,280 million, CNY 1,507.16 million invested this period, and a cumulative investment of CNY 4,179.57 million[8]. - The company is expanding its market coverage in the photovoltaic sector by enhancing its technology and product matrix, aiming to capture current market opportunities while preparing for future technological directions[1]. - The company anticipates that TOPCon technology will capture over 50% of the battery market by 2030, driven by its high conversion efficiency and cost-effectiveness[1]. - The company has made significant progress in the industrialization of its ALD technology, which is expected to increase market penetration in the photovoltaic field[1]. - The company is actively pursuing overseas market expansion while implementing a comprehensive product strategy for process lines[1]. - The company is actively expanding its market share in the photovoltaic sector, benefiting from the expansion of TOPCon battery production capacity[26]. Customer Relations and Product Development - The company provides customized solutions and efficient customer service, ensuring rapid response to client needs and reducing the time for new product integration[21]. - The company maintains stable cooperation with downstream customers, continuously launching customized high-performance products[26]. - The company is focusing on enhancing product delivery capabilities to ensure the conversion of backlog orders into revenue[27]. - The company has established a strong customer base in the semiconductor sector, securing repeat orders from major clients for its 28nm logic circuit technology[20]. Financial Management and Accounting - The company measures financial liabilities at fair value, with changes recognized in current profit or loss, including trading financial liabilities and derivatives[42]. - The company applies a simplified model for expected credit losses on receivables, measuring loss provisions based on the expected credit losses over the entire duration of the financial instruments[43]. - For financial instruments with significant credit risk increase, the company measures loss provisions based on expected credit losses over the entire duration[44]. - The company recognizes significant individual receivables (over 1 million) and conducts separate impairment testing based on future cash flow present value[45]. - Fixed assets are recorded at actual cost and depreciated using the straight-line method over an average useful life of 10 years, with an annual depreciation rate of 9%[54][55]. - The company capitalizes borrowing costs directly attributable to the acquisition or construction of qualifying assets, recognizing other borrowing costs as expenses in the period incurred[58]. - The company assesses whether there are indications of impairment for assets at the balance sheet date, with specific criteria outlined for determining impairment[66]. - The company recognizes revenue primarily from specialized equipment and related products and services upon the transfer of control to the customer[101]. - The company confirms that revenue recognition is based on the transfer of control of goods to customers, with specific criteria outlined for determining control[128]. - Revenue is measured based on the transaction price allocated to each performance obligation, considering factors such as variable consideration and significant financing components[128]. Asset Management - Total current assets as of January 1, 2023, amount to CNY 3,699,375,438.06, unchanged from December 31, 2022[138]. - Cash and cash equivalents decreased from CNY 1,757,300,143.56 to CNY 1,020,913,753.94, indicating a significant reduction in liquidity[142]. - Accounts receivable increased to CNY 361,283,072.61, with a provision for bad debts of CNY 32,755,832.59, representing a 9.07% provision rate[146]. - The company holds CNY 150,729,070.08 in bank acceptance notes, up from CNY 111,963,183.40, reflecting a growth of 34.7%[143]. - The deferred tax assets increased from CNY 20,951,104.11 to CNY 21,342,162.27, showing a rise of CNY 391,058.16[138]. - The total inventory as of January 1, 2023, remains at CNY 975,384,840.48, indicating stable inventory levels[138]. - The company has a total of CNY 4,000,000.00 in other equity instrument investments, unchanged from the previous period[138]. - The fixed assets are valued at CNY 43,623,987.92, consistent with the previous reporting period[138]. - The company has a total of CNY 120,757,339.13 in non-current assets as of January 1, 2023, reflecting a slight increase from CNY 120,366,280.97[138]. - The total assets at the end of the period amounted to ¥3,819,741,719.03, showing a slight decrease from ¥3,820,132,777.19 at the beginning of the period[157].