Goke(SZ:300672)2021-08-27 16:00Financial Performance - The company's operating revenue reached ¥951,854,640.28, representing a significant increase of 393.08% compared to the same period last year [19]. - The net profit attributable to shareholders was a loss of ¥10,225,570.70, an improvement of 49.35% from a loss of ¥20,188,525.19 in the previous year [19]. - The net cash flow from operating activities was ¥137,256,864.10, a substantial recovery from a negative cash flow of ¥93,397,989.77 in the prior year [19]. - The basic earnings per share improved to -¥0.0567, a 49.38% increase from -¥0.112 in the same period last year [21]. - The company's gross profit margin has declined due to rising costs outpacing revenue growth, impacting overall profitability [32]. - The company reported a net investment loss of 9,959,770.59, which accounted for 30.55% of total profit, highlighting challenges in investment performance [49]. - The company reported a total of ¥731,452,496.15 in operating revenue from its subsidiaries, highlighting its revenue-generating capabilities [56]. Research and Development - The company has established a high-efficiency R&D team and optimized project management processes to enhance product quality and operational efficiency [37]. - Research and development expenses increased by 110.75% to ¥181,972,094.69, up from ¥86,346,337.48, indicating a strong commitment to product development [40]. - The company is actively developing next-generation SSD enterprise-level controller chips and corresponding SSDs, expected to launch by the end of 2021 or early 2022 [33]. - The company has obtained a total of 125 authorized patents, including 109 invention patents, as of June 30, 2021 [40]. - The company emphasizes the importance of continuous innovation to maintain its competitive edge in the rapidly evolving integrated circuit industry [61]. Market Position and Industry Trends - The company is a leading provider of integrated circuit design, focusing on solid-state storage, video coding, and satellite positioning chips, with a strong emphasis on independent R&D and innovation [25]. - The solid-state storage market in China is expected to maintain high growth rates over the next five years, driven by rapid information technology development [28]. - The global semiconductor supply-demand situation remains tight, with significant increases in both import and export volumes of integrated circuits in China [27]. - The company operates under a Fabless model, outsourcing production to large professional integrated circuit foundries, ensuring flexibility and focus on design [25]. - The company is positioned to leverage opportunities in a market dominated by small and medium enterprises, enhancing its growth potential [28]. Financial Management and Governance - The management team assures the accuracy and completeness of the financial report, taking legal responsibility for any misstatements or omissions [3]. - The company emphasizes talent development and plans to establish a five-tier talent system to enhance its workforce quality and meet strategic development needs [68]. - The company is committed to improving its governance structure and decision-making mechanisms to ensure efficient operations [68]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth [48]. - The company acknowledges the adverse impact of the pandemic on its operations, affecting product development and market promotion [66]. Shareholder and Equity Information - The company plans not to distribute cash dividends, issue bonus shares, or increase capital from reserves [5]. - The company did not distribute cash dividends or bonus shares for the first half of the year [73]. - The total number of ordinary shareholders at the end of the reporting period is 20,073 [110]. - The largest shareholder, Hunan Guoke Holdings Co., Ltd., holds 21.65% of shares, totaling 39,035,306 shares [114]. - The total number of restricted shares at the end of the period is 7,716,793 shares, with 18,385 shares released during the reporting period [110]. Risks and Challenges - The company faces supply chain risks due to global semiconductor shortages, which may affect procurement costs and product gross margins [60]. - The company has identified risks related to potential R&D failures, which could lead to significant operational risks if new products do not meet market demands [63]. - The company has a risk of core technology leakage due to reliance on a limited number of key personnel and independent R&D teams [64]. - The company reported that government subsidies accounted for over 30% of the total profit for the current period, indicating a reliance on non-sustainable income sources [66]. Subsidiaries and Investments - Major subsidiaries include Jiangsu Guoke Microelectronics Co., Ltd., which generated a net profit of ¥6,092,206.73, contributing over 10% to the company's net profit [56]. - The company engaged in entrusted financial management with a total amount of ¥10,600,000, with no overdue amounts or impairment losses reported [54]. - The company reported a total guarantee amount of 70,100,000 RMB for subsidiaries at the end of the reporting period [98]. Compliance and Reporting - The report emphasizes the importance of adhering to the Shenzhen Stock Exchange's disclosure requirements for companies engaged in integrated circuit-related businesses [4]. - There were no discrepancies between the financial reports prepared under international accounting standards and those under Chinese accounting standards during the reporting period [21]. - The half-year financial report was not audited [89]. - The company confirmed that there were no overdue commitments by controlling shareholders or related parties at the end of the reporting period [89].