TECHSEM(SZ:300046)2019-08-29 16:00Financial Performance - Total revenue for the first half of 2019 was CNY 190,293,347.39, a decrease of 4.69% compared to CNY 199,666,958.09 in the same period last year[21]. - Net profit attributable to shareholders was CNY 43,542,977.12, down 7.62% from CNY 47,134,231.29 year-on-year[21]. - Net profit after deducting non-recurring gains and losses was CNY 38,962,871.64, a decline of 15.35% compared to CNY 46,025,699.26 in the previous year[21]. - The company achieved operating revenue of 190.29 million yuan, a year-on-year decrease of 4.69%[35]. - The total profit for the period was 48.06 million yuan, down 8.01% year-on-year[35]. - The company sold 546,700 power semiconductor devices, a decrease of 17.52% year-on-year[35]. - The company’s weighted average return on equity was 4.75%, a decrease of 0.75 percentage points year-on-year[35]. - The company reported a total of 332.73 million yuan involved in a lawsuit with Beijing Bianchun Tian Film Co., Ltd., which is currently awaiting court proceedings[82]. - Another lawsuit involves 422.99 million yuan with Shenzhen Rongde Cultural Media Co., Ltd., also pending court hearings[82]. Cash Flow and Assets - Operating cash flow net amount was CNY 22,467,773.99, a significant increase of 206.40% from a negative CNY 21,117,118.52 in the same period last year[21]. - Total assets at the end of the reporting period were CNY 1,084,839,754.21, an increase of 3.28% from CNY 1,050,389,797.77 at the end of the previous year[21]. - Cash and cash equivalents amounted to CNY 301,012,894.98, compared to CNY 276,906,694.07, showing an increase of approximately 8.7%[137]. - Accounts receivable increased to CNY 70,203,287.20 from CNY 35,167,835.50, representing a growth of about 99.1%[137]. - The total current liabilities increased to CNY 207,070,851.83 from CNY 152,019,825.30, reflecting a growth of about 36.2%[133]. Research and Development - The company is focusing on the research and development of third-generation wide bandgap semiconductor materials and devices, represented by SiC and GaN[6]. - Research and development investment increased significantly by 127.16% to ¥7,691,517.06, indicating a focus on enhancing R&D capabilities[40]. - Research and development expenses increased to CNY 4.61 million, up 45.5% from CNY 3.17 million in the previous year[145]. Market Strategy and Future Plans - The company plans to expand sales and market share of existing products such as thyristors, rectifiers, IGBTs, and power electronic modules[6]. - The company is planning a non-public stock issuance to strengthen its core technology and market competitiveness, pending approval from the China Securities Regulatory Commission[36]. - The company plans to enhance its semiconductor device capabilities through strategic investments, focusing on high-power semiconductor device upgrades[36]. - Future outlook suggests a cautious approach to market expansion and potential mergers or acquisitions to strengthen competitive advantage[162]. Shareholder and Equity Information - The company reported a total share capital of 213,120,000 shares, with 100% being unrestricted shares[109]. - The company distributed a cash dividend of 3 RMB per 10 shares, totaling 63.936 million RMB, based on the total shares as of December 31, 2018[106]. - The company has not reported any major asset or equity sales during the reporting period[62]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[116]. Compliance and Governance - The company has ongoing commitments to not engage in competitive businesses with its subsidiaries during the management tenure of key personnel[73]. - The company commits to ensuring that related party transactions adhere to market prices and standards[76]. - The company has maintained a good integrity status, with no significant debts or unfulfilled court judgments[85]. - The company has completed environmental protection facilities and complies with relevant environmental regulations, with no reported environmental pollution incidents during the reporting period[103]. Legal and Regulatory Matters - The company has not undergone any bankruptcy reorganization during the reporting period[81]. - There were no significant litigation or arbitration matters during the reporting period[82]. - The company has not experienced any penalties or rectification situations during the reporting period[84]. Financial Reporting and Accounting - The company adheres to the accounting standards and ensures that the financial statements reflect its financial status accurately[180]. - The financial statements were approved by the board on August 29, 2019[176]. - The company uses Renminbi as its accounting currency[183]. - The company recognizes the importance of consolidating financial statements based on control, including subsidiaries and structured entities[187].