CORPRO(SZ:300101)2022-08-29 16:00Financial Performance - The company's operating revenue for the reporting period was ¥500,107,031.40, representing a 38.87% increase compared to ¥360,130,367.65 in the same period last year[24]. - Net profit attributable to shareholders was ¥162,628,124.67, a significant increase of 105.09% from ¥79,295,151.90 year-on-year[24]. - The net profit after deducting non-recurring gains and losses reached ¥143,507,391.39, up 113.67% from ¥67,164,392.03 in the previous year[24]. - The company's total assets increased by 8.02% to ¥2,399,177,394.04 from ¥2,221,082,723.43 at the end of the previous year[24]. - The weighted average return on equity rose to 12.35%, an increase of 4.83 percentage points from 7.52%[24]. - The company achieved operating revenue of CNY 500.11 million in the first half of 2022, representing a year-on-year increase of 38.87%[73]. - Integrated circuit business revenue reached CNY 262.24 million, up 77.45% year-on-year, driven by strong market demand and advanced product technology[73]. - The company's net profit attributable to shareholders was CNY 162.63 million, reflecting a growth of 105.09% compared to the same period last year[76]. Research and Development - The company emphasizes its commitment to research and development in new technologies and products[16]. - The company is focused on the development of key components for the BeiDou satellite system[16]. - The company has made significant progress in the research and development of new integrated circuit products, enhancing market competitiveness and gaining widespread customer recognition[34]. - The company is focusing on developing high-performance, low-power, and low-cost Beidou III baseband chips and related technologies[85]. - R&D investment for the reporting period was ¥40,179,600, accounting for 8.03% of the revenue[85]. - The company filed for 4 new patents during the reporting period, including 2 invention patents and 2 utility model patents[71]. - The company has established a diverse and multi-level talent pool, enhancing its innovation capabilities through stock incentive plans and employee shareholding schemes[47]. Market Position and Strategy - The company operates subsidiaries focused on satellite navigation and integrated circuits, enhancing its market position[15]. - The management discussion and analysis section provides insights into future market expansion strategies[4]. - The company is actively expanding into new markets for Beidou III general modules and time-space reference devices, aiming to enhance product competitiveness in satellite navigation[42]. - The company is developing series of high-speed automotive-grade products in the high-end video signal interface market, indicating a broad product range and significant market presence[36]. - The company is focusing on integrating multiple sensors for precise positioning and navigation, which will further enhance its product offerings in the satellite navigation sector[42]. - The company plans to enhance collaboration with quality financial institutions to optimize financing tools and improve capital efficiency[70]. Risks and Challenges - The company reported a trade deficit of 851.8 billion CNY in the integrated circuit industry for the first half of 2022, with imports totaling 1,351.1 billion CNY and exports at 499.3 billion CNY, indicating significant potential for domestic substitution[37]. - The domestic integrated circuit industry faces challenges in high-end chip production, with a significant reliance on imports, indicating a substantial market replacement opportunity for local manufacturers[55]. - Raw material price and supply risks are heightened due to ongoing pandemic effects and international trade tensions, impacting production costs and margins[114]. - The company faces product development risks due to high technical complexity and long development cycles, particularly for industry-level products[113]. Corporate Governance and Compliance - The financial report is guaranteed to be true, accurate, and complete by the company's management[3]. - The company has established a robust corporate governance structure to ensure compliance and transparency in its operations[118]. - The company maintains a transparent governance structure, ensuring compliance with relevant laws and regulations to protect shareholder rights[134]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[131]. Shareholder Information - Chengdu CORPRO Technology reported no cash dividends or stock bonuses for the period[5]. - The company has established a stable profit distribution policy and cash dividend plan to ensure reasonable returns for shareholders[135]. - The company plans to repurchase shares with a total amount between RMB 20 million and RMB 40 million, at a maximum price of RMB 24.00 per share[169]. - The basic and diluted earnings per share for the fiscal year 2021 were both 0.2715 RMB, while for the first half of 2022, they increased to 0.2904 RMB per share[185]. - The total number of ordinary shareholders at the end of the reporting period is 61,991[188]. Future Outlook - Future guidance indicates a projected revenue growth of 25% for the full year 2022[103]. - The company plans to focus on R&D innovation and improve product management and technical service capabilities in response to market changes and the "14th Five-Year" strategic plan[66]. - The company aims to transition from a provider of computer vision and optoelectronic solutions to an artificial intelligence solution provider and service provider[45].