SiRuiPu's net profit in the first half of this year was 155 million yuan, an increase of 27% year-on-year

SiRuiPu disclosed its semi-annual report on the evening of August 4, with operating income of 485 million yuan in the first half of 2021, a year-on-year increase of 60.56%; net profit of 155 million yuan, a year-on-year increase of 26.78%. Basic earnings per share was 1.93 yuan.

SiRuiPu is mainly engaged in the research and development and sales of analog integrated circuit products. During the reporting period, its main products are signal chain analog chips and power management analog chips. The operating income for this period was RMB 484.7515 million, of which the revenue from signal chain analog chips increased by 40.86% year-on-year, accounting for 85.51% of the sales revenue for this period; the revenue from power management analog chips increased by 816.68% year-on-year, accounting for 14.49% of the sales revenue for this period.

The net profit attributable to shareholders of the listed company for the current period was RMB154,763,900, up 26.78% year-on-year. The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses for the current period was RMB118,187,200, down 1.93% year-on-year.

SiRuiPu's net cash outflow from operating activities in this period was RMB 20,277,500, down 115.87% from the same period last year, mainly due to the following reasons:

(1) In response to the tightening of upstream production capacity in the integrated circuit industry, the Company ensured the continued stability of the supply chain by prepaying suppliers. (2) The increase in SiRuiPu's staff and salary levels led to an increase in cash paid to and for employees. (3) SiRuiPu's domestic sales increased significantly year-on-year, resulting in a significant increase in value-added tax paid.

In terms of R&D investment, SiRuiPu's R&D expenses for the current period were RMB116.18 million, up 118.63% year-on-year. R&D investment accounted for 23.97% of the current period's revenue, up 6.37% year-on-year, mainly due to: (1) the implementation of the 2020 equity incentive plan, which increased the share-based payment expenses of R&D personnel during the reporting period; (2) the increase in the number of R&D technicians during the reporting period, which led to an increase in the salaries of R&D personnel.