TECHSEM(SZ:300046)2022-08-11 16:00Financial Performance - The company's operating revenue for the first half of 2022 was ¥177,735,953.45, representing a 10.60% increase compared to ¥160,702,515.27 in the same period last year[27]. - The net profit attributable to shareholders decreased by 36.39% to ¥21,017,355.50 from ¥33,042,220.77 in the previous year[27]. - The net profit after deducting non-recurring gains and losses fell by 39.69% to ¥18,539,130.14 compared to ¥30,740,463.31 in the same period last year[27]. - The net cash flow from operating activities was negative at -¥3,802,925.66, a decline of 340.14% from -¥864,019.55 in the previous year[27]. - The total profit for the same period was 24.5434 million yuan, a decrease of 36.54% year-on-year, while net profit was 20.6139 million yuan, down 36.70%[40]. - The weighted average return on net assets was 2.02%, a decline of 1.96 percentage points compared to the previous year[40]. - The basic earnings per share decreased by 39.52% to ¥0.0889 from ¥0.1470 in the same period last year[27]. - The company reported a net profit for the period of ¥20,613,875.29, down 36.70% compared to the previous year, mainly due to credit impairment and fair value losses[43]. - The total comprehensive income for the first half of 2022 was approximately ¥20.58 million, down 36.8% from ¥32.53 million in the first half of 2021[146]. - The company reported a net loss of ¥55,333,901.93, an improvement compared to a loss of ¥76,351,257.43 at the beginning of the year[138]. Assets and Liabilities - The total assets increased by 4.11% to ¥1,152,910,899.69 from ¥1,107,347,834.56 at the end of the previous year[27]. - The total liabilities increased to ¥97,738,839.27 from ¥76,367,600.16, reflecting a growth of approximately 28.1%[138]. - The total equity attributable to shareholders increased to ¥1,051,366,943.61 from ¥1,026,771,637.38, showing a growth of approximately 2.4%[138]. - Total current assets increased to ¥1,026,732,985.56 as of June 30, 2022, up from ¥984,868,359.51 at the beginning of the year, representing a growth of approximately 4.3%[136]. - The company's total assets reached ¥1,152,910,899.69, up from ¥1,107,347,834.56, indicating an increase of about 4.1%[138]. - The cash and cash equivalents decreased to ¥298,327,264.46 from ¥354,062,540.83, a decline of approximately 15.7%[136]. - The total liabilities at the end of the first half of 2022 were 1,057 million yuan, showing a decrease from 1,371 million yuan in the previous year[164]. Research and Development - Research and development investment rose by 49.08% to ¥9,659,455.09, reflecting increased spending during the reporting period[43]. - The company is actively tracking and researching third-generation wide bandgap semiconductor materials and devices, including silicon carbide and gallium nitride[6]. - The company is focusing on the development of specialized devices for network energy and semiconductor applications, establishing a solid foundation for future business expansion[41]. - The company has committed to invest in high-power semiconductor technology research and development, with a total investment of 15,000 million CNY, of which 9,579.44 million CNY has been invested, achieving a progress rate of 7.09%[60]. - The company plans to increase its R&D efforts and seek external technology partnerships to improve its technological innovation capabilities, as current technology lags behind international standards[70]. Market and Sales - The company is focusing on expanding sales of power semiconductor products such as thyristors, rectifiers, IGBTs, and power electronic modules[6]. - The company has developed significant sales growth in network energy and polysilicon power supply sectors, with sales to leading customers exceeding the total for the previous year[40]. - The company aims to enhance its market share by accelerating the development of new devices and expanding into high-end customer segments to mitigate market competition risks[70]. - The company has significantly increased its production capacity for high-voltage devices and modules to meet market demand[41]. - The company has a production capacity of over 2 million large power semiconductor devices annually, making it one of the major providers in China[39]. Corporate Governance and Compliance - The company has established a social responsibility management system and conducts regular audits to ensure compliance with labor laws and employee rights[84]. - The company has been recognized as a key pollutant discharge unit but has complied with environmental regulations and received no administrative penalties during the reporting period[82]. - The company aims to minimize and reduce related party transactions with other controlled entities[88]. - The company commits to ensuring that related party transaction prices do not deviate from market standards[89]. - The company guarantees not to use its position to harm the legal rights of shareholders through related party transactions[89]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 52,310[122]. - The largest shareholder, Xiangyang New Yiyuan Semiconductor Co., Ltd., holds 26.25% of shares, totaling 62,258,000 shares[122]. - The total number of shares held by the top 10 shareholders includes 62,258,000 shares with no shares under special voting rights[122]. - The company has not reported any share repurchase activities during the reporting period[117]. - The company issued 640,000 restricted shares at a grant price of 14.38 CNY per share, increasing the total number of shares from 236,531,371 to 237,171,371, representing a 0.27% increase[115]. Financial Reporting and Audit - The semi-annual financial report was not audited[93]. - The financial report for the half-year period has not been audited[134]. - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[171]. - The company has evaluated its ability to continue as a going concern for the next 12 months without significant doubts[169]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[156]. - Future outlook indicates a projected revenue growth of 15% for the next quarter, driven by new product launches and market expansion strategies[158]. - The management has set a performance guidance of 10% increase in earnings per share for the next fiscal year[158]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[156].