NICHE-TECH SEMI(08490)

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骏码半导体(08490) - 2023 - 年度业绩
2024-03-28 14:13
Financial Performance - For the fiscal year ending December 31, 2023, the company's revenue decreased by 2.4% to approximately HKD 212.6 million from about HKD 217.9 million in 2022[9]. - The company's gross profit for the fiscal year was approximately HKD 54.9 million, a decrease of 5.3% from about HKD 58.0 million in 2022, resulting in a gross margin of 25.8%, down from 26.6% in the previous year[9]. - Profit attributable to the owners of the company was approximately HKD 0.5 million, significantly down from HKD 8.6 million in 2022[9]. - EBITDA for the fiscal year was approximately HKD 28.6 million, compared to about HKD 34.1 million in 2022[9]. - The company's administrative expenses increased to approximately HKD 36.2 million, primarily due to rising employee costs and legal fees for significant related transactions[21]. - Financial costs surged by 115.4% to approximately HKD 4.1 million due to increased bank borrowings and rising interest rates[21]. - The company's net current assets were approximately HKD 70.6 million, down from HKD 111.4 million in the previous year, with a current ratio of about 1.6[24]. - As of December 31, 2023, the company's distributable reserves were approximately HKD 143.3 million, down from HKD 156.2 million as of December 31, 2022[137]. - The company did not declare an interim dividend and does not recommend a final dividend for the year ending December 31, 2023, compared to dividends of HKD 0.0031 and HKD 0.0022 per share for the previous year[126]. Market and Product Development - The company focused on expanding its customer base, particularly in high-power semiconductor devices like IGBTs, and continued to enhance its R&D capabilities[10]. - The company added several leading IGBT customers in China during the fiscal year, indicating a positive trend in customer acquisition[15]. - The company expects significant growth in demand for IGBT and other high-power semiconductor products due to the rapid development of 5G technology[15]. - Revenue from bonding wire products decreased by 5.9% to approximately HKD 99.7 million, while revenue from packaging adhesive products increased by 5.6% to approximately HKD 106.0 million[17]. - The average selling price of the group's products is expected to decline due to intense market competition, but sales volume is anticipated to increase due to rising demand for bonding wires and packaging adhesives[27]. - The group plans to launch three new series of die attach adhesives, including epoxy insulation adhesive, silicone insulation adhesive, and conductive silver adhesive for LEDs, to capitalize on the growth opportunities in the 5G industry[27]. - A new type of copper alloy bonding wire has been developed specifically for high-power integrated circuits and IGBT products, with orders already received from one of China's top semiconductor power integrated circuit companies[27]. - The group aims to strengthen its R&D capabilities to develop advanced products targeting emerging markets such as 5G networks, electric vehicles, industrial automation, IoT, and artificial intelligence[28]. - Future outlook indicates a projected revenue growth of 15% for the upcoming fiscal year, driven by new product launches and market expansion strategies[49]. Corporate Governance - The board consists of seven members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[73]. - The company has adhered to the GEM Listing Rules and corporate governance code, enhancing accountability and transparency for shareholders[72]. - The independent non-executive directors have confirmed their independence according to GEM Listing Rules, ensuring unbiased oversight[77]. - The company is committed to improving its corporate governance practices to align with statutory requirements and recent developments[72]. - The chairman and CEO roles are clearly separated, with distinct responsibilities outlined in writing[74]. - The company has a three-year term for independent non-executive directors, with provisions for renewal and termination[77]. - The company has a financial management and corporate governance framework in place, led by experienced individuals in the board[73]. - The audit committee held five meetings during the review year to review the group's quarterly, interim, and annual performance, financial reporting, and compliance procedures[96]. - The remuneration committee convened once during the review year to assess the remuneration policy and structure[98]. - The audit committee consists of three independent non-executive directors, with Mr. Pan serving as the chairman, possessing appropriate professional qualifications[95]. - All directors participated in continuous professional training to update their knowledge and skills, ensuring informed contributions to the board[92]. - The company has adopted a board diversity policy to enhance board efficiency by considering various factors such as gender, age, and professional experience[85]. - The board's composition currently includes only male members, highlighting the need for improved gender diversity[88]. - The company has maintained effective internal control measures to ensure compliance with corporate governance codes and applicable laws and regulations during the review year[107]. - The board is responsible for overall risk management, which is reviewed at least annually, ensuring operations align with corporate governance standards[109]. - The company has adopted a policy for timely and accurate disclosure of significant information, ensuring potential inside information is identified and assessed promptly[113]. Sustainability and Social Responsibility - The management team emphasizes a focus on sustainability, with plans to reduce carbon emissions by 30% over the next five years[54]. - The company has implemented green office measures to reduce energy consumption, such as encouraging double-sided printing and turning off unnecessary lighting and appliances[149]. - The company is committed to complying with environmental laws and regulations to ensure long-term sustainability[149]. - The ESG report highlights the company's commitment to sustainable development, focusing on environmental protection, employee welfare, and community investment[199]. - The ESG report covers the group's main operations, including the development, production, and sales of semiconductor packaging materials, for the review year from January 1, 2023, to December 31, 2023[200]. Risk Management - The company continues to monitor foreign exchange risks, particularly fluctuations in the RMB, and will consider hedging strategies if necessary[31]. - The board has appointed senior management to closely monitor economic, political, legal, and social developments in China to manage risks effectively[144]. - The company has expanded its supplier base to mitigate risks associated with reliance on a few suppliers[143]. - The company has maintained a prudent treasury policy, including holding cash in Hong Kong, to manage financial risks[144]. Shareholder Engagement - The company held its annual general meeting on June 14, 2023, and a special general meeting on August 2, 2023, to enhance communication with existing and potential investors[116]. - The company has adopted a shareholder communication policy to facilitate timely access to comprehensive information for shareholders and potential investors[115]. Employee and Management Structure - The company has a total issued share capital of HKD 7,055,000, divided into 705,500,000 shares with a par value of HKD 0.01 each[176]. - The company has not made any significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the review period[29]. - The company has not entered into any significant contracts with its controlling shareholders during the review year[173]. - There are no management or administrative contracts established for the company's major business during the review year[174]. - The company has confirmed the independence of all independent non-executive directors as per GEM Listing Rules[169]. - There are no significant transactions or arrangements involving directors' interests in the company's business during the review year[170]. - The group made charitable donations of HKD 147,000 in the review year, compared to HKD 33,500 in 2022[190]. - The company has adopted a dividend policy prioritizing cash distributions to shareholders, with the payout ratio to be determined by the board based on financial performance and future outlook[191].
骏码半导体(08490) - 2023 Q3 - 季度财报
2023-11-13 08:33
Financial Performance - Revenue for the three months ended September 30, 2023, was HKD 51,990,000, representing an increase of 12.9% compared to HKD 46,001,000 for the same period in 2022[5] - Gross profit for the nine months ended September 30, 2023, was HKD 39,678,000, down 11.3% from HKD 44,673,000 in the same period of 2022[5] - The company reported a net loss of HKD 800,000 for the three months ended September 30, 2023, compared to a profit of HKD 528,000 in the same period of 2022[5] - Revenue for the nine months ended September 30, 2023, was HKD 153,544,000, a decrease of 9.1% from HKD 168,929,000 in the same period of 2022[17] - The company recorded a net profit attributable to shareholders of approximately HKD 0.3 million for the nine months ended September 30, 2023, down from HKD 6.2 million in the same period of 2022[38] Expenses and Costs - Total comprehensive expenses for the three months ended September 30, 2023, amounted to HKD 1,609,000, a significant decrease from HKD 10,640,000 in the same period of 2022[7] - The company incurred financing costs of HKD 893,000 for the three months ended September 30, 2023, compared to HKD 328,000 in the same period of 2022, reflecting a 172% increase[5] - Financing costs for the nine months ended September 30, 2023, totaled HKD 2,322,000, an increase of 102.5% compared to HKD 1,145,000 in 2022[23] - Income tax expense for the nine months ended September 30, 2023, was HKD 5,384,000, an increase of 43.2% from HKD 3,761,000 in 2022[24] - Selling and distribution expenses decreased by 17.1% to approximately HKD 9.1 million, while administrative expenses increased by 15.4% to approximately HKD 26.7 million[36] Revenue Breakdown - Revenue from the key product "封裝膠" increased to HKD 29,742,000 for the three months ended September 30, 2023, up 38.1% from HKD 21,550,000 in 2022[17] - Revenue from "鍵合線" decreased to HKD 20,524,000 for the three months ended September 30, 2023, down 7.2% from HKD 22,124,000 in 2022[17] - Revenue from mainland China (excluding Hong Kong) for the nine months ended September 30, 2023, was HKD 152,605,000, a decrease of 9.0% from HKD 167,670,000 in 2022[20] - The revenue from bonding wire products decreased by 11.3% to approximately HKD 73.1 million, while the revenue from packaging adhesive products slightly decreased by 1.8% to approximately HKD 75.3 million[32] Future Outlook and Strategy - The company plans to continue its focus on the development and production of semiconductor packaging materials, aiming for market expansion in the upcoming quarters[12] - The management remains optimistic about future growth despite the current financial challenges, emphasizing ongoing investment in new technologies and product development[12] - The company plans to focus on developing advanced semiconductor materials suitable for electric vehicles, mini-LED, artificial intelligence, and 5G communications industries[31] - The company anticipates growth in demand for bonding wires and packaging adhesives in the coming years, driven by the recovery of the market and the rapid growth of the 5G industry[43] - The company expects new products to contribute to revenue in the coming years, particularly with the rapid development of 5G networks[43] Corporate Governance - The company has complied with the corporate governance code as per GEM Listing Rules during the reporting period[64] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated results and found them compliant with applicable accounting standards and GEM Listing Rules[71] - The company plans to continue improving its corporate governance practices to ensure compliance with statutory requirements and recent developments[66] - There are no known competitive interests held by directors or controlling shareholders that may conflict with the company's business[63] - The company has established a clear distinction between the roles of the chairman and the CEO, with the chairman being the founder, which is believed to benefit the company's operational efficiency[64] Share Capital and Equity - The total equity as of September 30, 2023, was HKD 216,301,000, down from HKD 243,185,000 as of January 1, 2022[10] - As of September 30, 2023, the company has issued share capital of HKD 7,055,000, divided into 705,500,000 shares with a par value of HKD 0.01 each[53] - Chow Investment Group Limited holds 100% equity in the company, owning 357,000,000 shares, which is considered as having interests under the Securities and Futures Ordinance[59] - The company has not granted any stock options under the stock option plan since its adoption, and there are no unexercised stock options as of September 30, 2023[62] - The stock option plan allows for a maximum of 68,000,000 shares to be granted, which is 10% of the shares issued at the time of listing on GEM[60]
骏码半导体(08490) - 2023 Q3 - 季度业绩
2023-11-08 10:18
香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示概不會就本公佈全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Niche-Tech Semiconductor Materials Limited 駿碼半導體材料有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8490) 截至2023年9月30日止九個月之第三季度業績公佈 駿碼半導體材料有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然公佈本公 司及其附屬公司(統稱「本集團」)於截至2023年9月30日止九個月之未經審核業績。 本公佈載有本集團2023年第三季度報告全文,符合香港聯合交易所有限公司(「聯 交所」)GEM證券上市規則(「GEM上市規則」)中有關季度業績初步公佈附載資料 之相關規定。本公司2023年第三季度報告之印刷版本載有GEM上市規則規定之資 料,將適時寄發予本公司股東。 承董事會命 駿碼半導體材料有限公司 執行主席兼執行董事 周博軒 香港,2023年11月8日 ...
骏码半导体(08490) - 2023 - 中期财报
2023-08-11 09:16
Financial Performance - Revenue for the six months ended June 30, 2023, was HKD 101,554,000, a decrease of 17.4% compared to HKD 122,928,000 for the same period in 2022[4] - Gross profit for the six months ended June 30, 2023, was HKD 25,412,000, down 23.5% from HKD 33,247,000 in the previous year[4] - The company reported a net loss of HKD 365,000 for the three months ended June 30, 2023, compared to a profit of HKD 3,546,000 in the same period of 2022[4] - For the six months ended June 30, 2023, the company reported a net loss of HKD 7,566,000 from operating activities, compared to a net cash inflow of HKD 20,612,000 in the same period of 2022[16] - The company reported a net loss attributable to shareholders of HKD 1,119,000 for the six months ended June 30, 2023, compared to a profit of HKD 5,659,000 in the same period of 2022[37] - The net profit attributable to the company's owners for the period was approximately HKD 1.1 million, down from HKD 5.7 million in the same period of 2022[62] Revenue Breakdown - Revenue from bonding wires for the six months ended June 30, 2023, was HKD 52,614,000, down 12.5% from HKD 60,300,000 in the same period of 2022[24] - Revenue from packaging adhesives for the six months ended June 30, 2023, decreased by 17.4% to HKD 45,555,000 from HKD 55,150,000 in the same period of 2022[24] - Revenue from customers in mainland China (excluding Hong Kong) for the six months ended June 30, 2023, was HKD 101,061,000, down 17.2% from HKD 122,055,000 in the same period of 2022[27] Expenses and Costs - The company’s administrative expenses for the six months ended June 30, 2023, were HKD 16,931,000, an increase of 6.4% from HKD 15,905,000 in the previous year[4] - The total financing costs for the six months ended June 30, 2023, amounted to HKD 1,429,000, an increase of 75.0% compared to HKD 817,000 for the same period in 2022[30] - The company’s interest expense on trust receipt loans increased to HKD 724,000 for the six months ended June 30, 2023, compared to HKD 240,000 in the same period of 2022, reflecting a significant rise of 201.7%[30] - The total employee costs for the six months ended June 30, 2023, were HKD 18,196,000, slightly down by 2.7% from HKD 18,695,000 in the same period of 2022[34] Assets and Liabilities - Total assets as of June 30, 2023, were HKD 197,513,000, an increase from HKD 181,580,000 as of December 31, 2022[9] - The company’s total liabilities increased to HKD 103,460,000 as of June 30, 2023, compared to HKD 70,139,000 at the end of 2022[11] - The company’s total equity as of June 30, 2023, was HKD 219,462,000, a decrease from HKD 240,009,000 as of June 30, 2022[13] - Trade receivables as of June 30, 2023, were HKD 66,335,000, an increase from HKD 61,376,000 as of December 31, 2022[41] - The company recorded bank borrowings of HKD 51.4 million as of June 30, 2023, compared to HKD 26.3 million as of December 31, 2022[48] Cash Flow - The company experienced a significant increase in financing cash flow, reporting a net cash inflow of HKD 23,016,000 for the six months ended June 30, 2023, compared to a net cash outflow of HKD 4,871,000 in the same period of 2022[16] - The company's cash and cash equivalents increased to HKD 41,553,000 as of June 30, 2023, compared to HKD 21,070,000 at the end of 2022[9] - The company's cash and cash equivalents decreased by HKD 4,794,000, ending at HKD 29,164,000 as of June 30, 2023, compared to HKD 24,550,000 at the end of the same period in 2022[16] Corporate Actions and Governance - The company did not declare an interim dividend for the year ending December 31, 2023, compared to an interim dividend of HKD 0.0031 per share for the six months ended June 30, 2022[36] - The company has not granted any share options under the share option scheme since its adoption on May 8, 2018[107] - The company has adhered to the corporate governance code as per GEM listing rules, ensuring a clear distinction between the roles of the chairman and the CEO, with no CEO appointed at this time[110] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated results for the period and confirmed compliance with applicable accounting standards and GEM listing rules[117] Strategic Initiatives - The company plans to launch three new series of die attach adhesives, including epoxy insulation adhesive, silicone insulation adhesive, and conductive silver adhesive for LEDs, to capture growth opportunities in the 5G industry[65] - The company is expanding its customer base from commercial to consumer markets, aiming to include home electronics in its product applications[66] - The company will continue to implement various cost control measures to improve economic efficiency and maintain long-term business growth[66] - The company plans to utilize the remaining unutilized proceeds for various strategic initiatives, including R&D and production capacity expansion, with a revised timeline due to market conditions[94] Research and Development - The company has engaged external consultants for R&D projects, including experts from Anhui University and National Cheng Kung University, to assist in new product development[90] - The company has acquired intellectual property related to bonding wires and packaging adhesives over the past three years to enhance its product offerings[90] - The company has invested in upgrading production facilities and machinery since 2019 to meet customer order demands, with significant investments in quality control equipment[87] Market Outlook - The global semiconductor equipment sales are expected to rebound to $87.4 billion in 2023 after a projected decline of 18.6%[63]
骏码半导体(08490) - 2023 - 中期业绩
2023-08-09 11:26
香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示概不會就本公佈全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Niche-Tech Semiconductor Materials Limited 駿碼半導體材料有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8490) 截至二零二三年六月三十日止六個月之中期業績公佈 駿碼半導體材料有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然公佈本公 司及其附屬公司(統稱「本集團」)於截至二零二三年六月三十日止六個月之未經審 核中期業績。本公佈載有本集團二零二三年中期報告全文,符合香港聯合交易所 有限公司(「聯交所」)GEM證券上市規則(「GEM上市規則」)中有關中期業績初步 公佈附載資料之相關規定。本公司二零二三年中期報告之印刷版本載有GEM上市 規則規定之資料,將適時寄發予本公司股東。 承董事會命 駿碼半導體材料有限公司 執行主席兼執行董事 周博軒 香港,二零二三年八月九日 ...
骏码半导体(08490) - 2023 Q1 - 季度财报
2023-05-12 08:34
Financial Performance - Revenue for the first quarter of 2023 was HKD 46,672,000, a decrease of 20.5% compared to HKD 58,683,000 in the same period of 2022[5] - Gross profit for the first quarter of 2023 was HKD 11,813,000, down 22.4% from HKD 15,250,000 year-on-year[5] - The net profit for the first quarter of 2023 was HKD 1,484,000, representing a decline of 29.7% compared to HKD 2,113,000 in the first quarter of 2022[5] - The company reported a basic earnings per share of HKD 0.21 for the first quarter of 2023, down from HKD 0.30 in the same quarter of 2022[7] - The total comprehensive income for the first quarter of 2023 was HKD 3,668,000, an increase of 15.8% from HKD 3,166,000 in the first quarter of 2022[7] - The company incurred selling and distribution expenses of HKD 2,621,000, a decrease of 41.3% from HKD 4,461,000 in the same period last year[5] - Administrative expenses for the first quarter of 2023 were HKD 6,853,000, down 8.2% from HKD 7,465,000 in the first quarter of 2022[5] - The income tax expense for the period was HKD 1.238 million, slightly up from HKD 1.231 million in the previous year[22] - The profit attributable to the company's owners for the period was approximately HKD 1.5 million, down from HKD 2.1 million for the same period last year[34] Revenue Breakdown - Revenue from bonding wires decreased by 13.2% to approximately HKD 25.5 million, while revenue from packaging adhesives decreased by 27.0% to approximately HKD 19.5 million[29] - The cost of sales decreased by 19.7% to approximately HKD 34.9 million, consistent with the revenue decline[31] - Gross profit decreased by 22.5% to approximately HKD 11.8 million, with a slight reduction in gross margin to approximately 25.3%[31] - Other income, including government subsidies and foreign exchange gains, amounted to approximately HKD 0.8 million, up from HKD 0.4 million in the previous year[32] Market and Product Development - The company continues to focus on developing advanced semiconductor materials for industries such as IGBT, mini-LED, artificial intelligence, and 5G[28] - The company anticipates a global semiconductor materials market growth rate of 6.3% in 2023, reaching a historical high of USD 485.8 billion[36] - Demand for semiconductor materials in China is expected to gradually recover due to government policies aimed at promoting economic growth[37] - The company plans to launch three new series of die attach adhesives, including epoxy insulation adhesive, silicone insulation adhesive, and conductive silver adhesive for LEDs[37] - A new copper alloy bonding wire for high-power integrated circuits and IGBT products has been developed and validated by top customers in China[37] - The company is focusing on developing upstream packaging materials for the 5G industry, which is expected to become another growth point[37] Shareholder Information - As of March 31, 2023, the company has issued share capital of HKD 7,055,000, divided into 705,500,000 shares with a par value of HKD 0.01 each[57] - Chows Investment Group Limited and Junma Technology Investment Holdings Limited each hold 50.60% of the company's shares, totaling 357,000,000 shares[53] - Ms. Chow Fung Wai Lan Rita holds a spouse interest in 357,510,000 shares, representing 50.67% of the issued share capital[53] - Mr. Ma Yamu holds a beneficial interest in 152,490,000 shares, which accounts for 21.61% of the issued share capital[53] - The company has not granted any stock options under its stock option plan since its adoption on May 8, 2018[59] - The maximum number of shares that can be granted under the stock option plan is capped at 10% of the shares issued at the time of listing, which is 68,000,000 shares, approximately 9.6% of the issued shares as of the report date[58] Corporate Governance - The company has established an audit committee consisting of three independent non-executive directors to oversee financial reporting and internal control processes[68] - The company has complied with the corporate governance code as stipulated in the GEM Listing Rules during the reporting period[62] - There were no purchases, sales, or redemptions of the company's listed securities by the company or its subsidiaries during the period[67] - The company has not identified any conflicts of interest involving its directors or controlling shareholders during the reporting period[60] Future Outlook - The company provided a forward guidance of 10% revenue growth for the next quarter, projecting revenue to reach HKD 165 million[70] - New product development initiatives are expected to launch two innovative semiconductor materials by Q3 2023, aiming to capture a larger market share[70] - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in sales from this region by the end of 2023[70] - A strategic acquisition of a smaller tech firm is in progress, which is anticipated to enhance the company's R&D capabilities and product offerings[70] - The company is investing HKD 20 million in new technology to enhance production efficiency over the next year[70] - Customer satisfaction ratings increased to 90%, indicating strong market acceptance of existing products[70] - The company is exploring partnerships with key industry players to leverage synergies and drive innovation[70]
骏码半导体(08490) - 2023 Q1 - 季度业绩
2023-05-08 12:12
香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示概不會就本公佈全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Niche-Tech Semiconductor Materials Limited 駿碼半導體材料有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8490) 截至二零二三年三月三十一日止三個月之第一季度業績公佈 駿碼半導體材料有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然公佈本公 司及其附屬公司(統稱「本集團」)於截至二零二三年三月三十一日止三個月之未經 審核業績。本公佈載有本集團二零二三年第一季度報告全文,符合香港聯合交易 所有限公司(「聯交所」)GEM證券上市規則(「GEM上市規則」)中有關季度業績初 步公佈附載資料之相關規定。本公司二零二三年第一季度報告之印刷版本載有 GEM上市規則規定之資料,將適時寄發予本公司股東。 承董事會命 駿碼半導體材料有限公司 執行主席兼執行董事 周博軒 香港,二零二三年五月八日 ...
骏码半导体(08490) - 2022 - 年度财报
2023-03-30 08:43
Financial Performance - The group's revenue decreased by 12.5% from approximately HKD 249.0 million in 2021 to approximately HKD 217.9 million in 2022[8] - Gross profit slightly decreased by 0.6% to approximately HKD 58.0 million, with the gross margin increasing from 23.4% in 2021 to 26.6% in 2022[8] - Profit attributable to owners of the company was approximately HKD 8.6 million, up from HKD 6.8 million in 2021[8] - EBITDA for the year was approximately HKD 34.1 million, compared to HKD 29.3 million in 2021[8] - Revenue from bonding wire products decreased by 34.8% to approximately HKD 106.0 million, while revenue from packaging adhesive products increased significantly by 31.0% to approximately HKD 100.4 million[15] - Other income recorded a net gain of approximately HKD 4.3 million, compared to HKD 0.6 million in 2021, with foreign exchange gains of approximately HKD 2.4 million[17] - The group reported a profit attributable to owners of approximately HKD 8.6 million, an increase from HKD 6.8 million in 2021[22] - As of December 31, 2022, the company's distributable reserves were approximately HKD 156.2 million, down from HKD 169.7 million as of December 31, 2021[134] Market and Business Strategy - The company plans to expand its customer base from commercial to household markets[10] - The group aims to continue developing products related to mini LED displays and explore new technologies[10] - The company plans to launch three new series of die attach adhesives and has developed a new copper alloy bonding wire, which has received validation from top customers in China[27] - The group aims to expand its customer base from commercial to household markets, enhancing product applications beyond commercial uses[28] - The group anticipates a 6.3% growth rate in the global semiconductor materials market in 2023, reaching a historical high of USD 485.8 billion[26] Corporate Governance - The management team is committed to maintaining high standards in corporate governance and financial reporting, with independent directors overseeing these processes[56][57] - The company emphasizes the importance of good corporate governance practices to enhance accountability and transparency for shareholders[69] - The board consists of seven members, including three executive directors and three independent non-executive directors, ensuring a balance of power[70] - The company has complied with the GEM Listing Rules and has undergone no less than 15 hours of relevant professional training as of December 31, 2022[64] - The chairman and CEO roles are clearly separated to ensure effective governance and management of the company[71] - The company has established a board diversity policy to enhance board efficiency by considering factors such as gender, age, and professional experience[82] Risk Management and Compliance - The company has a structured approach to risk management and internal controls, which is regularly reviewed[77] - The board is responsible for ensuring effective risk management and internal controls, with a review conducted at least annually[107] - The company has established a dedicated internal audit department to regularly assess the effectiveness of risk management and internal control systems[105] - The board has confirmed that there are no significant uncertainties regarding the company's ability to continue as a going concern[112] Dividends and Shareholder Relations - The board proposed a final dividend of HKD 0.022 per share, subject to shareholder approval[8] - The board declared an interim dividend of HKD 0.00310 per share, totaling approximately HKD 2.2 million, and proposed a final dividend of HKD 0.0022 per share, totaling approximately HKD 1.6 million[33] - The company has adopted a dividend policy prioritizing cash distributions to shareholders, with the payout ratio determined by the board based on financial performance and future outlook[186] Environmental, Social, and Governance (ESG) Initiatives - The group has implemented green office measures to promote sustainability, including energy-saving practices and resource conservation[146] - The group is integrating Environmental, Social, and Governance (ESG) issues into its operations and regulatory systems to manage sustainability-related risks and opportunities[193] - The ESG report covers the group's main operations in Hong Kong and Shantou, focusing on the development, production, and sales of semiconductor packaging materials[194] - The board oversees the established sustainable governance framework, enhancing the group's governance performance and strategies related to ESG matters[200] Management and Personnel - Professor Zhou, the co-founder and executive director, has over 41 years of experience in the electronic materials industry and was appointed as an executive director on February 21, 2017[46] - Mr. Shi, the general manager, has over 16 years of experience in the electronic materials industry and has been with the group since May 2007[47] - The company has a strong emphasis on research and development, with key personnel holding advanced degrees and significant industry experience[48][52] - The company has hired a personnel relations consultant for brand and digital marketing efforts[40] Supplier and Customer Relations - Sales to the top five customers accounted for approximately 42.6% of total sales, down from 48.1% in 2021, with the largest customer representing about 14.3% of total sales[135] - Purchases from the top five suppliers constituted approximately 55.7% of total purchases, a decrease from 71.1% in 2021, with the largest supplier accounting for about 19.6% of total purchases[135] - The group relies on a few suppliers for raw materials, with the largest supplier accounting for approximately 19.6% and the top five suppliers together representing 55.7% of total procurement[141] - The group has expanded its supplier base to mitigate risks associated with supplier concentration[141] Charitable Contributions - The group made charitable donations of HKD 33,500 in the review year, compared to HKD 12,000 in 2021[185]
骏码半导体(08490) - 2022 - 年度业绩
2023-03-24 13:24
香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負責, 對其準確性或完整性亦不發表任何聲明,並明確表示概不會就本公佈全部或任何 部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Niche-Tech Semiconductor Materials Limited 駿碼半導體材料有限公司 (於開曼群島註冊成立的有限公司) (股份代號:8490) 截至2022年12月31日止年度全年業績公佈 駿碼半導體材料有限公司(「本公司」)董事(「董事」)會(「董事會」)欣然公佈本公 司及其附屬公司於截至2022年12月31日止年度的經審核全年綜合業績。 本公佈載有本公司2022年年度報告全文,符合香港聯合交易所有限公司GEM證券 上市規則(「GEM上市規則」)中有關全年業績初步公佈附載資料的相關規定。本 公司2022年年度報告之印刷版本載有GEM上市規則規定的資料,將適時寄發予本 公司股東。 承董事會命 駿碼半導體材料有限公司 執行主席兼執行董事 周博軒 香港,2023年3月24日 ...
骏码半导体(08490) - 2022 Q3 - 季度财报
2022-11-11 08:39
Financial Performance - Revenue for the three months ended September 30, 2022, was HKD 46,001 thousand, a decrease of 24.7% compared to HKD 61,086 thousand for the same period in 2021[5] - Gross profit for the nine months ended September 30, 2022, was HKD 44,673 thousand, representing an increase of 10.4% from HKD 40,569 thousand in the same period of 2021[5] - The net profit for the three months ended September 30, 2022, was HKD 528 thousand, down 75.2% from HKD 2,126 thousand in the same period of 2021[5] - The company reported a total comprehensive income of HKD (10,640) thousand for the three months ended September 30, 2022, compared to HKD 2,303 thousand for the same period in 2021[7] - Basic earnings per share for the nine months ended September 30, 2022, was HKD 0.88, slightly down from HKD 0.89 in the same period of 2021[7] - The company's revenue for the nine months ended September 30, 2022, was approximately HKD 168.9 million, a decrease of 7.9% compared to HKD 183.4 million for the same period in 2021[48] Revenue Breakdown - For the nine months ended September 30, 2022, total revenue was HKD 168,929 thousand, a decrease of 7.8% compared to HKD 183,376 thousand for the same period in 2021[17] - Revenue from key products included HKD 82,424 thousand from bonding wires and HKD 76,700 thousand from packaging adhesives, representing a decline of 36.4% and an increase of 61.6% respectively compared to the same period in 2021[17] - Revenue from customers in mainland China was HKD 167,670 thousand, down 7.6% from HKD 181,635 thousand in the same period last year[20] - Revenue from wire products decreased by 36.2% to approximately HKD 82.4 million, while revenue from packaging adhesive products increased significantly by 61.4% to approximately HKD 76.7 million[48] Expenses and Costs - The company incurred financing costs of HKD 328 thousand for the three months ended September 30, 2022, down from HKD 443 thousand in the same period of 2021[5] - Sales and distribution expenses for the nine months ended September 30, 2022, were HKD 10,946 thousand, an increase from HKD 9,576 thousand in the same period of 2021[5] - The income tax expense for the nine months ended September 30, 2022, was HKD 3,761 thousand, an increase from HKD 3,155 thousand for the same period in 2021[26] - Bank loan interest expenses for the nine months ended September 30, 2022, totaled HKD 354 thousand, an increase of 22.1% compared to HKD 290 thousand in the same period last year[24] - The total employee costs for the nine months ended September 30, 2022, were HKD 21.7 million, compared to HKD 20.4 million for the same period in 2021, reflecting an increase of 6.2%[31] - Selling and distribution expenses increased by 14.3% to approximately HKD 10.9 million, primarily due to increased freight and sales commissions[53] Foreign Exchange and Other Income - The company recorded a foreign exchange loss of HKD (14,357) thousand for the three months ended September 30, 2022, compared to a gain of HKD 213 thousand in the same period of 2021[7] - The company reported a net loss of HKD 1,155 thousand from foreign exchange, compared to a gain of HKD 101 thousand in the same period last year[23] - Other income and losses for the period were approximately HKD 0.1 million, down from HKD 1.3 million in the same period of 2021[52] Dividends and Grants - The company declared an interim dividend of HKD 0.0031 per share, totaling approximately HKD 2.2 million, compared to HKD 2.1 million for the same period in 2021[42] - The company received government grants totaling HKD 1,317 thousand for the nine months ended September 30, 2022, compared to HKD 1,243 thousand in the same period last year[23] Corporate Governance - The company has complied with the corporate governance code as stipulated in the GEM Listing Rules during the reporting period[90] - The board of directors is composed of experienced individuals, including three independent non-executive directors, ensuring a balance of power and authority within the company[91] - The Audit Committee has been established to oversee the financial reporting process and internal control procedures of the group[98] - The Audit Committee consists of three independent non-executive directors, with Mr. Pan Lai-hin serving as the chairman[98] Strategic Focus and Development - The company continues to focus on the development and sales of semiconductor packaging materials, with no further discrete segment information provided[19] - The company plans to focus on developing advanced semiconductor materials suitable for electric vehicles, mini-LED, artificial intelligence, and 5G communications[47] - The company is committed to enhancing its R&D capabilities to seize opportunities in emerging markets such as 5G networks, automotive electrification, and industrial automation[63] - The company anticipates growth in demand for bonding wires and semiconductor packaging materials due to government policies promoting 5G development in China[61] - Three new series of adhesive products are set to be launched, including epoxy insulation adhesive, silicone insulation adhesive, and silver adhesive for LEDs, to capitalize on the growth opportunities in the 5G industry[61] Share Capital and Ownership - As of September 30, 2022, the company has issued share capital of HKD 7,055,000, divided into 705,500,000 shares[69] - Chows Investment Group Limited holds a 100% interest in Junma Technology Investment Holdings Limited, which owns 357,000,000 shares, representing 50.60% of the company's issued share capital[79] - Chow Fung Wai Lan Rita holds 357,510,000 shares, accounting for 50.67% of the company's issued share capital, as a spouse interest[79] - Ma Yamu holds 152,490,000 shares, representing 21.61% of the company's issued share capital, as a beneficial owner[79] - The company has not granted any stock options under its stock option plan since its adoption on May 8, 2018, and there are no unexercised stock options as of September 30, 2022[88]