TECHSEM(SZ:300046)2020-08-18 16:00Financial Performance - The company's operating revenue for the first half of 2020 was ¥122,806,568.65, a decrease of 35.46% compared to ¥190,293,347.39 in the same period last year[18]. - The net profit attributable to shareholders was ¥18,639,549.17, down 57.19% from ¥43,542,977.12 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥14,978,249.71, a decline of 61.56% compared to ¥38,962,871.64 in the same period last year[18]. - The basic earnings per share decreased to ¥0.0875, down 57.17% from ¥0.2043 in the previous year[18]. - The company reported a total revenue of CNY 122.81 million for the reporting period, a decrease of 35.46% year-on-year due to the impact of the pandemic and reduced income from its subsidiary, Bihai Spring[33]. - The total profit for the period was CNY 21.31 million, down 55.65% year-on-year, with net profit attributable to shareholders at CNY 18.64 million, a decline of 57.19%[33]. - The company achieved a gross profit margin of approximately 30.00%, reflecting a decrease from the previous year due to lower sales volume and increased costs[36]. - The company reported a net loss of 764,484.95 CNY from its subsidiary, Beijing Bihanchun Tian Film Co., Ltd., due to delays in the production of a web drama caused by the COVID-19 pandemic[62]. - The company reported a cumulative net profit of 92.106 million yuan from 2016 to 2018, which did not meet the performance commitment of at least 119.7 million yuan[71]. Assets and Liabilities - The total assets at the end of the reporting period were ¥834,063,155.35, an increase of 3.38% from ¥806,758,165.80 at the end of the previous year[18]. - The net assets attributable to shareholders increased by 3.06% to ¥628,834,384.18 from ¥610,160,550.58 at the end of the previous year[18]. - Total current liabilities were RMB 199,037,367.84, slightly up from RMB 192,424,671.09, showing a growth of approximately 3.2%[128]. - The company's total equity increased to RMB 632,892,128.10 from RMB 612,046,294.24, representing a growth of about 3.9%[129]. - The company's total assets as of June 30, 2020, amounted to CNY 697,869,542.83, an increase from CNY 677,086,092.67 at the end of 2019[132]. - The total liabilities as of June 30, 2020, were CNY 66,415,120.29, slightly up from CNY 65,749,819.41 at the end of 2019[133]. Cash Flow - The company reported a net cash flow from operating activities of ¥21,310,544.44, a decrease of 5.15% compared to ¥22,467,773.99 in the same period last year[18]. - Operating cash flow decreased by 5.15% to ¥21,310,544.44[38]. - Investment cash flow increased by 178.86% to ¥6,611,794.91, primarily due to funds received from industrial investment[38]. - Net cash and cash equivalents increased by 24.18% to ¥30,844,874.35[38]. - The cash and cash equivalents at the end of the period amounted to CNY 305.43 million, slightly down from CNY 305.58 million at the end of the first half of 2019[142]. - The net increase in cash and cash equivalents for the first half of 2020 was approximately ¥31.89 million, compared to ¥24.11 million in the same period of 2019, indicating a year-over-year increase of about 32.5%[146]. Research and Development - R&D investment decreased by 54.15% to ¥3,526,392.90 due to project delays caused by the pandemic[38]. - The company has accumulated over 48 patents, including 9 invention patents, and has been actively involved in drafting national or industry standards[29]. - The company plans to enhance its R&D efforts and seek external technology collaborations to improve its innovation capabilities, as its current technology is leading domestically but lags behind international standards[64]. Market and Competition - The company faces risks including economic environment impacts, intensified market competition, and slow technological advancements[5]. - The power semiconductor market is facing intensified competition, with international companies expanding into China, prompting the company to accelerate the development of new devices and high-end customer acquisition[64]. - The company plans to expand its market share in power semiconductor products, including thyristors and IGBTs, while focusing on the development of third-generation wide bandgap semiconductor materials and devices[63]. Corporate Governance and Compliance - The company has not engaged in any derivative investments or entrusted loans during the reporting period[57][58]. - The company has committed to invest a total of 64,500 million CNY, with 51,700.7 million CNY already utilized, achieving a utilization rate of 80.1%[52]. - The company guarantees not to use its position to harm the legitimate rights and interests of shareholders through related party transactions[75]. - The company will ensure that related party transactions are conducted at market prices and comply with relevant regulations[74]. - The company has not undergone any bankruptcy reorganization or significant legal disputes, ensuring a focus on growth and stability[80][81]. Future Outlook - The overall financial performance indicates a cautious outlook for the remainder of 2020, with management emphasizing the need for strategic adjustments in response to market conditions[149]. - The company plans to continue investing in new product development and market expansion strategies to drive future growth, although specific figures were not disclosed in the report[149]. - The company aims to leverage investment, acquisitions, and business collaborations to foster new growth points in response to market challenges[63]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,884[108]. - The largest shareholder, Xiangyang New Instrument Semiconductor Co., Ltd., holds 30.02% of the shares, totaling 63,978,000 shares[108]. - The company has not reported any changes in shareholding structure or significant shareholder movements during the reporting period[106]. Financial Reporting - The half-year financial report was not audited, which may affect the perception of financial transparency[78]. - The financial statements reflect the company's financial position, operating results, and cash flows accurately and completely[162]. - The financial report for the first half of 2020 was not audited[124].