DAWEI(002213)2022-08-30 16:00Financial Performance - The company's operating revenue for the first half of 2022 was CNY 377,023,602.61, representing a 12.68% increase compared to CNY 334,584,398.23 in the same period last year[21]. - Net profit attributable to shareholders was CNY 7,311,553.75, a significant increase of 126.02% from CNY 3,234,949.82 year-on-year[21]. - The net profit after deducting non-recurring gains and losses was CNY 5,094,682.36, up 76.12% from CNY 2,892,735.43 in the previous year[21]. - The net cash flow from operating activities improved to -CNY 8,468,859.12, a reduction of 87.19% compared to -CNY 66,103,405.39 in the same period last year[21]. - Total assets at the end of the reporting period were CNY 683,443,722.46, down 5.45% from CNY 722,805,129.38 at the end of the previous year[21]. - The company's net assets attributable to shareholders increased by 2.63% to CNY 355,871,094.82 from CNY 346,743,990.52 at the end of the previous year[21]. - The company's operating cost increased to CNY 337,904,596.91, reflecting a year-on-year rise of 12.64% from CNY 299,974,847.88[72]. - Research and development investment rose by 29.27% to CNY 5,356,337.75 from CNY 4,143,520.87[72]. - The company reported a total of CNY 12,907,101.02 in other receivables as of June 30, 2022, compared to CNY 11,121,073.05 at the beginning of the year, reflecting an increase of approximately 16.1%[178]. Market and Industry Insights - The semiconductor storage industry, a key focus for the company, is projected to grow by 16.3% in 2022, despite a decline in NAND and DRAM prices by 10%[31]. - The domestic smartphone market saw a shipment decline of 21.7% in the first half of 2022, with total shipments of 136 million units[35]. - The company aims to expand its product line and enhance its market position in the semiconductor storage sector through continuous investment and innovation[32]. - The company is actively exploring new product applications and market opportunities in the smart terminal business, which includes communication devices and other electronic products[36]. - The automotive sector is focusing on new components like tire pressure monitoring chips and has entered a partnership to explore the new energy vehicle market[41]. - The overall market penetration rate for new energy vehicles reached 21.6% in the first half of 2022, with production and sales of 2.661 million units, a year-on-year growth of 120%[39]. Corporate Governance and Management - The financial report includes a commitment to ensure the accuracy and completeness of the financial statements by the management team[4]. - The management team has confirmed that all board members attended the meeting to review the report[4]. - The report includes a section on the company's governance and social responsibility initiatives[5]. - The company has established a dedicated team for investor relations to enhance communication with stakeholders[17]. - The company held its first extraordinary general meeting of shareholders on January 19, 2022, with a participation rate of 31.83%[111]. - The second extraordinary general meeting of shareholders took place on April 12, 2022, with a participation rate of 9.99%[111]. - The annual general meeting of shareholders was held on May 20, 2022, with a participation rate of 20.42%[111]. - There were no changes in the company's board of directors, supervisors, or senior management during the reporting period[112]. Risk Management - The company emphasizes the importance of risk awareness regarding forward-looking statements in the report[4]. - The semiconductor storage business faces technology risks due to rapid industry changes, requiring continuous innovation and R&D to maintain competitive advantage[102]. - The company is addressing the risk of key technical personnel turnover by establishing long-term incentive mechanisms to retain talent in the technology-intensive semiconductor industry[102]. - The company is closely monitoring macroeconomic fluctuations and industry policy changes that could impact growth, especially in the semiconductor sector[103]. - The smart terminal business is exposed to risks from concentrated supply of key raw materials and potential price volatility, which could affect profitability[106]. - The company is actively seeking to mitigate risks from raw material price fluctuations and declining product prices by establishing long-term supplier relationships and monitoring market conditions[108]. Investment and Financial Activities - The company plans to issue up to 30 million shares in a non-public offering, with the controlling shareholder, Chuangtong Investment, subscribing with cash[139]. - The company reported a profit from leasing idle factory and dormitory spaces, contributing over 10% to the total profit for the reporting period[142]. - The company has provided guarantees totaling 3,000 million yuan and 3,300 million yuan for Shenzhen Dazhi Microelectronics Technology Co., Ltd. and 5,000 million yuan for Shenzhen Teerjia Information Technology Co., Ltd.[145]. - The company has engaged in leasing agreements that generated rental income of 216.04 million yuan during the reporting period[143]. - The company has no significant financial liabilities or contingent liabilities reported[144]. - The company reported a total guarantee amount of 20,000 million, with an actual guarantee amount of 8,239.7 million during the reporting period[146]. Research and Development - The company has received a total of 18 invention patents, 61 utility model patents, and 8 design patents, indicating a strong focus on innovation[62]. - The semiconductor memory business offers a wide range of products, including memory modules and solid-state drives, catering to various industries such as AI and IoT[63]. - The company emphasizes quality control in its mobile phone production, adhering to international quality management standards and certifications[66]. - The automotive division introduced a tire pressure monitoring system that provides real-time monitoring of tire pressure and temperature, helping to prevent blowouts and abnormal tire wear[50]. Subsidiaries and Equity Investments - The company will no longer hold equity in Wuhan Terjiajia Technology Co., Ltd., which accounted for 8.83% of the company's consolidated financial statements[95]. - The company reported a net profit of -721,602.24 yuan for its subsidiary Terjiajia Information, with total assets of 81,346,806.08 yuan[98]. - The subsidiary Dawi Chuangxin reported a net profit of 10,322,223 yuan, with total assets of 119,847,250 yuan[98]. - The company has completed the transfer of Terjiajia Technology (Wuhan) Co., Ltd., which is expected to improve operational efficiency without significant impact on future financial status[98]. - The company has also completed the transfer of Shenzhen Terjiajia Haixun Technology Co., Ltd., aimed at streamlining organizational structure and reducing management costs[98]. - The company plans to focus on key business segments following the cancellation of several subsidiaries, which had not commenced operations since their establishment[98]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 9,663[165]. - The largest shareholder, Shenzhen Chuangtong Investment Development Co., Ltd., holds 19.49% of shares, totaling 40,146,515 shares[165]. - The second-largest shareholder, Qiu Yanfang, holds 4.00% of shares, totaling 8,250,000 shares, with an increase of 260,000 shares during the reporting period[165]. - The total number of unrestricted shares is 206,000,000, representing 100.00% of the total shares[163]. - There are no restricted shares held by shareholders, indicating full liquidity of the shares[163]. - The company has not reported any share repurchase or reduction activities during the reporting period[164].