2021-09-02 16:00Financial Performance - The company reported a revenue of 1.2 billion RMB for the first half of 2021, representing a year-on-year growth of 25%[1]. - The company achieved operating revenue of approximately CNY 1,128.66 million, representing a year-on-year increase of 56.05%[17]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the first half of 2021, representing a year-over-year growth of 25%[95]. - The company reported a total operating revenue for the first half of 2021 reached ¥1,128,663,994.43, a significant increase of 56.2% compared to ¥723,273,949.38 in the same period of 2020[121]. - The total revenue from sales of goods and services was CNY 1,291,822,753.85, compared to CNY 779,454,059.91 in the same period last year, marking an increase of approximately 65.5%[129]. Profitability - Net profit attributable to shareholders was approximately CNY 194.34 million, a significant increase of 221.16% compared to the same period last year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately CNY 161.73 million, reflecting a year-on-year growth of 670.90%[17]. - The company reported a net profit for the first half of 2021 was ¥211,692,544.12, up from ¥68,603,503.75 in the previous year, representing a growth of 208.5%[122]. - The company reported a total comprehensive income of CNY 172,600,793.93 for the first half of 2021, compared to CNY 51,321,099.05 in the previous year, showing a growth of around 236%[126]. Research and Development - Investment in R&D increased by 20% year-on-year, focusing on high-reliability integrated circuit products and advanced semiconductor technologies[1]. - The total R&D investment reached CNY 32,627.91 million, an increase of 48.39% compared to the previous period, with capitalized R&D investment rising by 65.91% to CNY 5,511.17 million[36]. - The company has increased its R&D personnel to 856, representing 55.84% of the total workforce, with an average salary of 24.26 million for R&D staff[45]. - The company’s R&D expenditure accounted for 28.91% of operating revenue, a decrease of 1.49 percentage points compared to the previous year[18]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[1]. - The company plans to expand its market presence by entering three new regions by the end of 2021, targeting a market share increase of 10% in these areas[99]. - The company is actively pursuing market expansion with new product lines, including high-security, low-power chips for IoT applications[39]. Product Development - The company has launched two new products in the IoT sector, projected to contribute an additional 200 million RMB in revenue by year-end[1]. - New product development includes the launch of two innovative technologies aimed at enhancing user experience, with an expected market introduction by Q4 2021[98]. - The company has developed a comprehensive product line including RFID chips, non-volatile memory, smart meter chips, and FPGA chips, catering to various industries[25][26][27]. Financial Position - The company's total assets at the end of the reporting period were approximately CNY 3,038.43 million, an increase of 13.43% compared to the end of the previous year[17]. - The net assets attributable to shareholders at the end of the reporting period were approximately CNY 2,125.00 million, reflecting a year-on-year increase of 10.09%[17]. - The company’s total current assets amounted to CNY 2,040,215,813.33, an increase from CNY 1,866,494,819.14 as of December 31, 2020, representing a growth of approximately 9.3%[114]. Cash Flow - The net cash flow from operating activities was approximately CNY 235.73 million, up 225.86% year-on-year[17]. - The net cash flow from operating activities increased to ¥208,091,192.66, up from ¥54,426,777.95 in the previous period, representing a significant growth of approximately 282%[131]. - The company’s cash flow from financing activities was CNY 42,477,890.77, a turnaround from a cash outflow of CNY -15,638.15 in the same period last year, reflecting improved financing conditions[130]. Shareholder Information - The total number of ordinary shares increased from 694,502,000 to 814,502,000 after the issuance of approximately 120,000,000 shares on August 4, 2021[105]. - The largest shareholder, HKSCC NOMINEES LIMITED, holds 284,205,990 shares, representing 40.92% of total shares[109]. - The company has a total of 44 depositary receipt holders[106]. Compliance and Governance - The company has committed to a profit distribution policy, ensuring that at least 30% of net profits will be distributed as dividends starting from the next fiscal year[101]. - There are no significant legal disputes or arbitration matters reported during the period, ensuring a stable operational environment[100]. - The company has established specific guidelines for share management to ensure compliance with legal and regulatory requirements[85]. Risks and Challenges - The company faced risks related to supply chain disruptions due to the ongoing impact of COVID-19, which could affect supply capacity and customer demand[52]. - The company is at a competitive disadvantage compared to international giants like NXP and STMicroelectronics, which may hinder its business expansion speed[52]. - The company is facing intense competition in the semiconductor industry, which may lead to a decline in overall profit margins if effective measures are not taken to enhance product competitiveness[53].