TECHSEM(SZ:300046)2023-08-10 16:00Financial Performance - The company's operating revenue for the first half of 2023 was ¥163,901,219.18, a decrease of 7.78% compared to the same period last year[26]. - The net profit attributable to shareholders was ¥23,364,753.22, representing an increase of 11.17% year-on-year[26]. - The net cash flow from operating activities improved significantly to ¥20,781,262.99, a 646.45% increase compared to the previous year[26]. - The total assets at the end of the reporting period were ¥1,164,633,968.65, reflecting a growth of 1.53% from the end of the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥15,752,967.36, down 15.03% from the previous year[26]. - The weighted average return on net assets was 2.19%, an increase of 0.17% compared to the same period last year[26]. - The total profit for the period was 27.47 million yuan, an increase of 11.93% year-on-year[38]. - The company achieved operating revenue of 163.90 million yuan in the first half of 2023, a decrease of 7.78% year-on-year[38]. - The company reported a net loss of CNY 33,254,752.74 for the first half of 2023, an improvement from a loss of CNY 56,619,505.96 in the same period last year[145]. - The total comprehensive income for the first half of 2023 was CNY 22,894,744.89, compared to CNY 20,581,290.17 in the same period last year, reflecting a growth of 11.3%[152]. Research and Development - The company plans to focus on expanding sales of its main products, including thyristors, rectifiers, IGBTs, and power electronic modules, while also investing in R&D for third-generation semiconductor materials[5]. - The company obtained 5 utility model patents during the reporting period, enhancing its technological competitiveness[37]. - The company’s R&D investment was 8.31 million yuan, a decrease of 13.95% compared to the previous year[40]. - Research and development expenses remained stable at CNY 6,896,494.87, slightly up from CNY 6,890,812.43, indicating continued investment in innovation[153]. - The company is investing 57.3 million in research and development for new technologies, aiming to enhance product offerings[166]. Market Strategy and Expansion - The company is actively pursuing investment cooperation and industry resource integration to foster new growth points[5]. - The company is actively expanding its product applications in medical, charging pile, and new energy sectors, with significant sales growth in these areas[38]. - The company plans to expand its market presence by launching new products in the upcoming quarters[162]. - Market expansion plans include entering three new international markets by the end of 2023[166]. - The company is considering strategic acquisitions to bolster its market position, with a budget of 100 million allocated for potential deals[166]. Financial Management and Investments - The company reported a significant increase in investment income, reaching CNY 5,991,872.93, compared to CNY 1,242,358.48 in the previous year, marking a growth of 382.5%[153]. - The company has reported a total of 39,163.49 million CNY in unused raised funds as of the latest report[62]. - The company has committed to invest a total of 76,500 million CNY, with 60,767.92 million CNY already invested, achieving a progress rate of 79.5%[61]. - The company has engaged in entrusted financial management with a total amount of 43,000,000 CNY, of which 35,000,000 CNY remains outstanding[65]. - The company has not engaged in any derivative investments during the reporting period[66]. Shareholder and Equity Information - The company will not distribute cash dividends or issue bonus shares for the reporting period[8]. - The company has not made any changes to its board of directors, supervisors, or senior management during the reporting period[76]. - The company has implemented a stock incentive plan, which was approved by the board and independent directors[78]. - The total number of shares after the recent changes is 237,171,371, with 99.73% being unrestricted shares[125]. - The largest shareholder, Xiangyang Xinyi Yuan Semiconductor Co., Ltd., holds 26.25% of the shares, totaling 62,258,000 shares[129]. Environmental and Social Responsibility - The company has been recognized as a high-tech enterprise and a national "specialized and innovative" small giant enterprise, reflecting its commitment to social responsibility and sustainable development[92]. - The company adheres to labor laws and regulations, ensuring employee rights and providing a good working environment[92]. - The company has implemented a wastewater treatment system that includes neutralization and flocculation before discharging into the municipal sewage treatment plant[86]. - The company has established an annual monitoring plan for self-environmental monitoring in compliance with pollution discharge permit technical specifications[87]. Legal and Compliance Matters - The company is currently executing a court ruling requiring payment of a performance compensation of 40 million yuan from Jiang Peifeng and Zhangshu City Ruisheng Investment Management Center (Limited Partnership) due to unmet performance commitments[99]. - The company has received a civil judgment mandating the payment of 100 million yuan for asset impairment compensation, which is currently under execution[105]. - There are no reported non-operating fund occupations by controlling shareholders or related parties during the reporting period[100]. - The company has not engaged in any related party transactions concerning daily operations during the reporting period[107]. - The integrity status of the company and its controlling shareholders is good, with no significant debts overdue or unfulfilled court judgments[106]. Accounting and Financial Reporting - The financial report was approved by the board on August 10, 2023[176]. - The financial statements comply with the accounting standards and reflect the company's financial position and operating results accurately[179]. - The company uses Renminbi as its functional currency for accounting purposes[182]. - The company follows specific accounting policies for mergers and acquisitions, ensuring proper valuation and treatment of assets and liabilities[183]. - The company recognizes investment income from the difference between the fair value of remaining equity investments and the net asset share at the loss of control date[191].