中颖电子(300327) - 2021 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2021 was CNY 306,420,074.89, representing a 51.95% increase compared to CNY 201,663,893.80 in the same period last year[10]. - Net profit attributable to shareholders was CNY 67,582,452.98, up 60.73% from CNY 42,047,014.96 year-on-year[10]. - The net cash flow from operating activities reached CNY 43,571,469.05, a significant increase of 198.62% compared to CNY 14,591,019.11 in the previous year[10]. - Basic earnings per share increased to CNY 0.2431, reflecting a growth of 46.53% from CNY 0.1659[10]. - Total operating revenue for the first quarter was CNY 306,420,074.89, an increase from CNY 201,663,893.80 in the previous period, representing a growth of approximately 51.9%[75]. - Net profit attributable to shareholders of the parent company was ¥67,582,452.98, compared to ¥42,047,014.96 in the previous period, marking an increase of about 60.8%[81]. - The total comprehensive income for the current period was ¥66,484,565.96, compared to ¥39,049,514.51 in the previous period, indicating an increase of approximately 70.5%[84]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,414,263,279.67, marking a 7.16% increase from CNY 1,319,828,859.74 at the end of the previous year[10]. - As of March 31, 2021, the total assets of Zhongying Electronics amounted to CNY 1,414,263,279.67, an increase from CNY 1,319,828,859.74 at the end of the previous period[59]. - Total liabilities increased to CNY 303,672,657.89 from CNY 275,475,943.11, reflecting a rise of approximately 10.5%[75]. - The company's equity attributable to shareholders reached CNY 1,063,307,913.76, compared to CNY 992,123,719.56 in the previous period, marking an increase of around 7.2%[75]. Cash Flow - Cash inflow from operating activities totaled ¥356,553,086.08, up from ¥241,090,020.94 in the prior period, reflecting a growth of approximately 48%[92]. - Cash received from sales of goods and services was ¥330,033,954.49, compared to ¥225,453,994.91 in the previous year, representing a year-over-year increase of about 46%[92]. - Cash and cash equivalents at the end of the period reached ¥147,515,037.30, compared to ¥158,812,752.39 at the end of the previous period[98]. Research and Development - R&D expenses increased by 69.05% to CNY 60.20 million, representing 19.65% of operating revenue[31]. - The company is increasing its investment in IIOT R&D and preparing for automotive electronics technology in the long term[36]. - The company holds a total of 112 valid invention patents, reflecting its commitment to continuous innovation[33]. Market and Sales - The sales of lithium battery management chips and AMOLED display driver chips saw significant growth, with AMOLED sales exceeding CNY 30 million, growing several times year-on-year[32]. - The overall semiconductor industry is experiencing a supply shortage, impacting the company's sales performance[32]. - The company is facing strong customer order demand, but is currently challenged by securing capacity and growth support[37]. Corporate Governance - The company maintained strict compliance with its commitments regarding stock incentive plans throughout the reporting period[48]. - There were no violations of external guarantees during the reporting period[52]. - The company has committed to not engaging in similar business activities as Zhongying Electronics during its period of shareholding[51]. Future Plans - The company plans to continue generating cash management investment income over the next 2-3 years[12]. - The company plans to distribute a cash dividend of 4.80 CNY per 10 shares (including tax) and to increase capital by converting 1 share for every 10 shares held[38]. - The company is negotiating long-term strategic cooperation with wafer suppliers to ensure capacity supply[36]. Challenges - The company is facing risks related to high-end technical talent retention and rising labor costs in the IC design industry[41]. - The company is transitioning many products to 12-inch wafer processes to improve economic efficiency, as 8-inch wafer production is becoming increasingly difficult[36]. - The company has implemented a comprehensive technical R&D management process to mitigate risks associated with new product development[40].