CRM(SH:688396)2021-08-18 16:00Financial Performance - The company reported a half-year revenue of 1.2 billion RMB, representing a year-on-year increase of 15%[9]. - The net profit for the first half of 2021 was 200 million RMB, up 10% compared to the same period last year[9]. - The company reported a significant increase in revenue, with a year-over-year growth of 25% in the first half of 2021[12]. - The company's operating revenue for the first half of 2021 was approximately CNY 4.45 billion, representing a year-on-year increase of 45.43%[20]. - The total profit reached 1,126.22 million yuan, reflecting a significant growth of 143.76% compared to the previous year[52]. - The net profit attributable to shareholders for the same period was approximately CNY 1.07 billion, a year-on-year increase of 164.86%[20]. - The basic earnings per share for the first half of 2021 was CNY 0.8537, reflecting a 130.61% increase compared to the same period last year[20]. - The total comprehensive income for the first half of 2021 was approximately CNY 1.06 billion, compared to CNY 460 million in the same period of 2020, indicating a growth of over 130%[162]. User Growth and Market Expansion - User data indicates a growth in active users by 25% to reach 5 million by June 30, 2021[9]. - Market expansion plans include entering two new international markets by Q3 2021[12]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share by the end of 2022[9]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20%[12]. Research and Development - The company has allocated 300 million RMB for R&D in the current fiscal year, a 50% increase from the previous year[9]. - The company is investing in R&D for new technologies, with a budget increase of 30% compared to the previous year[12]. - R&D expenses amounted to ¥282,943,268.28, a 24.61% increase from the previous period, with R&D expenses as a percentage of revenue decreasing to 6.35% from 7.41%[37]. - The company has developed a new generation of high-performance pressure sensors and humidity sensors, with applications in air purifiers, drones, and portable products[42]. Product Development and Technology - New product development includes a next-generation semiconductor expected to launch in Q4 2021, projected to increase revenue by 30% in 2022[9]. - The company achieved breakthroughs in wide bandgap semiconductor devices, with the new generation 650V SiC JBS products reaching advanced industry performance levels and multiple products entering mass production, primarily for applications in charging piles and solar inverters[35]. - The company launched the second-generation bus IoT chip, achieving leading performance levels domestically[35]. - The company has established a leading 600V high-voltage driver IC process platform, widely used in various applications including industrial and automotive electronics[54]. Financial Position and Investments - The company raised approximately CNY 4.99 billion through a private placement of shares in April 2021, enhancing its financial position[20]. - The company raised approximately RMB 5 billion through a private placement of 104,166,666 shares at a price of RMB 48.00 per share, aimed at funding the construction of a power semiconductor packaging and testing base[56]. - The company has established Runxi Microelectronics (Chongqing) Co., Ltd. with a registered capital of RMB 5 billion, planning to invest RMB 7.55 billion in a 12-inch power semiconductor wafer production line, expected to achieve a monthly production capacity of 30,000 wafers[55]. Risks and Challenges - The report includes a risk statement highlighting potential market volatility and supply chain disruptions as key concerns[5]. - The company is facing risks related to rapid product iteration and technology upgrades in the semiconductor industry, which may impact its competitive position if not managed effectively[57]. - The company is at risk of losing key technical personnel due to increasing competition for talent in the semiconductor industry, which could affect its operational capabilities[58]. - The competitive landscape in the semiconductor industry is intensifying, necessitating continuous technological upgrades to maintain market position[64]. Environmental and Compliance - The company has implemented environmental protection measures, including a planned investment of approximately 30 million yuan to upgrade wastewater facilities in Wuxi[95]. - The company has established a dedicated department for the operation and maintenance of pollution control facilities, ensuring compliance with environmental regulations[91]. - The company has obtained pollution discharge permits for its subsidiaries as required by law[91]. - All wastewater and air emissions from the company’s facilities in Wuxi and Chongqing met the required environmental standards[89][90]. Shareholder and Governance - The board has confirmed that all directors attended the meeting, ensuring governance compliance[8]. - The company has committed to long-term shareholding, not transferring or managing shares for 36 months post-IPO[99]. - The company will disclose any changes in shareholding arrangements in accordance with regulatory requirements[100]. - The company has established a plan for stock price stabilization measures, which will be activated under specific conditions[102].