芯海科技(688595) - 2021 Q3 - 季度财报

Report Overview This section provides an overview of the unaudited Q3 2021 report, with management assuring its accuracy and completeness Important Notes The Q3 2021 report is unaudited, with the board and management guaranteeing its accuracy and completeness - The financial statements for this reporting period are unaudited[4] - The company's board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content[2][3] Key Financial Data This section details Chipsea Technologies' key financial performance, including revenue, net profit, R&D, and balance sheet changes Key Accounting Data and Financial Indicators Chipsea Technologies' Q3 2021 and YTD financial indicators show strong revenue and net profit growth, increased R&D, but a decline in weighted average ROE Financial Indicators Overview This section presents a summary of key financial performance metrics for Q3 2021 and year-to-date, including revenue, net profit, and R&D investment Key Accounting Data and Financial Indicators for Q3 2021 and Year-to-Date | 项目 | Current Period (Q3 2021) (Yuan) | YoY Change (%) | Year-to-Date (YTD 2021) (Yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 188,122,218.79 | 99.50 | 462,704,841.83 | 82.39 | | Net Profit Attributable to Shareholders | 35,575,402.68 | 129.21 | 82,924,298.72 | 36.63 | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items | 47,516,888.91 | 287.08 | 94,249,556.67 | 80.07 | | Net Cash Flow from Operating Activities | N/A | N/A | 97,564,919.25 | 13,432.93 | | Basic Earnings Per Share (Yuan/share) | 0.36 | 71.43 | 0.83 | 2.47 | | Diluted Earnings Per Share (Yuan/share) | 0.36 | 71.43 | 0.83 | 2.47 | | Weighted Average Return on Net Assets (%) | 4.06 | Decrease by 0.73 percentage points | 9.32 | Decrease by 10.81 percentage points | | Total R&D Investment (Yuan) | 39,732,074.02 | 131.77 | 103,747,868.69 | 111.35 | | R&D Investment as % of Operating Revenue | 21.12 | Increase by 2.94 percentage points | 22.42 | Increase by 3.07 percentage points | Balance Sheet Indicators as of Q3 2021 and Year-End 2020 | 项目 | Current Period End (Sep 30, 2021) (Yuan) | Previous Year End (Dec 31, 2020) (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 1,068,652,957.48 | 1,021,012,690.10 | 4.67 | | Owners' Equity Attributable to Shareholders | 938,135,261.81 | 858,227,532.41 | 9.31 | Profitability Data Excluding Specific Factors This section details adjusted profitability metrics after excluding the impact of specific non-recurring items and share-based payments - Excluding the impact of RMB 16.80 million investment loss from Tongfu Microelectronics and RMB 37.21 million in share-based payments for January-September 2021, net profit attributable to shareholders was RMB 136.935 million, a 125.62% year-over-year increase[7] - Excluding the impact of RMB 13.5852 million investment loss from Tongfu Microelectronics and RMB 13.5944 million in share-based payments for Q3 2021, Q3 net profit attributable to shareholders was RMB 62.755 million, a 304.32% year-over-year increase[7] - Excluding the impact of RMB 37.21 million in share-based payments for January-September 2021, non-recurring net profit attributable to shareholders was RMB 131.4596 million, a 151.16% year-over-year increase[7] - Excluding the impact of RMB 13.5944 million in share-based payments for Q3 2021, Q3 non-recurring net profit attributable to shareholders was RMB 61.1113 million, a 397.83% year-over-year increase[7] Profitability Data Excluding Non-Operating Factors | 项目 | Jan-Sep 2021 (RMB Million) | Jan-Sep 2020 (RMB Million) | YoY Change (%) | Q3 2021 (RMB Million) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 136.9350 | 60.6920 | 125.62 | 62.7550 | 304.32 | | Net Profit Attributable to Shareholders Excluding Non-Recurring Items | 131.4596 | 52.3401 | 151.16 | 61.1113 | 397.83 | Non-Recurring Gains and Losses Items and Amounts During the reporting period, the company's total non-recurring gains and losses were negative, primarily influenced by losses from disposal of non-current assets, government grants, entrusted investment income, and fair value changes of financial assets Non-Recurring Gains and Losses Items for Q3 2021 and Year-to-Date | 项目 | Current Period Amount (Yuan) | Year-to-Date Amount (Yuan) | | :--- | :--- | :--- | | Disposal gains/losses on non-current assets | -3,194.92 | -3,194.92 | | Government grants recognized in current profit/loss | 1,577,153.05 | 4,633,429.34 | | Gains/losses from entrusted investments or asset management | 249,907.30 | 818,598.75 | | Gains/losses from changes in fair value of trading financial assets/liabilities and disposal of investment income | -13,585,206.96 | -16,800,640.56 | | Other non-operating income and expenses | -180,037.24 | -131,834.70 | | Other non-recurring gains/losses as defined | 167,511.52 | 0 | | Less: Income tax impact | 67.16 | 5,173.36 | | Minority interest impact (after tax) | 40.30 | 3,954.02 | | Total | -11,941,486.23 | -11,325,257.95 | Changes and Reasons for Key Accounting Data and Financial Indicators During the reporting period, the company's revenue, net profit, and R&D investment all significantly increased, driven by strong industry conditions, robust market demand, comprehensive product line growth, and improved management efficiency. Operating cash flow also saw a substantial increase, reflecting healthy sales collections - Year-to-date revenue increased by 82.39%, with a 99.50% increase in the current period, primarily due to high industry prosperity and sustained strong demand in 2021, leading to rapid growth across all product lines including analog signal chain chips, MCU chips, and health measurement AIoT chips[11] - Net profit attributable to shareholders increased by 36.63% year-to-date and 129.21% in the current period; excluding share-based payments and Tongfu Microelectronics stock investment losses, year-to-date growth was 125.62% and current period growth was 304.32%, mainly due to revenue growth and improved management efficiency[11] - Year-to-date net cash flow from operating activities increased by 13,432.93%, primarily due to increased sales and improved customer cash collections[12] - Total R&D investment increased by 111.35% year-to-date and 131.77% in the current period, mainly due to an increase in R&D personnel and their compensation, as well as increased amortization of development software and material expenditures for R&D projects[12] [Shareholder Information](index=6&type