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博通集成:博通集成电路(上海)股份有限公司关于召开2023年半年度业绩说明会的公告
2023-09-27 07:38
证券代码:603068 证券简称:博通集成 公告编号:2023-031 博通集成电路(上海)股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 会议召开时间:2023 年 10 月 17 日(星期二) 下午 14:00-15:00 会议召开地点: 上海证券 交易所上证路演中心( 网 址 : https://roadshow.sseinfo.com/) 会议召开方式:上证路演中心网络互动 投资者可于 2023 年 10 月 10 日(星期二)至 10 月 16 日(星期一)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@bekencorp.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 博通集成电路(上海)股份有限公司(以下简称"公司")已于 2023 年 8 月 31 日发布公司 2023 年半年度报告,为便于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况,公司计划于 2023 ...
博通集成(603068) - 2023 Q2 - 季度财报
2023-08-30 16:00
Financial Performance - The company's operating revenue for the first half of 2023 was ¥336,528,202.71, a decrease of 9.34% compared to ¥371,194,101.29 in the same period last year[21]. - The net profit attributable to shareholders of the listed company was -¥52,129,583.98, representing a decline of 123.92% from -¥23,280,325.34 in the previous year[21]. - The net cash flow from operating activities improved significantly to ¥71,383,393.16, compared to -¥213,988,680.06 in the same period last year, marking a 133.36% increase[21]. - The total assets at the end of the reporting period were ¥1,991,612,869.07, down 1.39% from ¥2,019,656,840.36 at the end of the previous year[21]. - The net assets attributable to shareholders of the listed company decreased by 2.74% to ¥1,750,475,488.36 from ¥1,799,855,261.00 at the end of the previous year[21]. - Basic earnings per share for the first half of 2023 were -¥0.35, a decrease of 133.33% compared to -¥0.15 in the same period last year[22]. - The weighted average return on net assets was -2.94%, a decrease of 1.78 percentage points from -1.16% in the previous year[22]. - The company reported a net profit after deducting non-recurring gains and losses of -¥52,455,767.79, which is a 77.14% increase in loss compared to -¥29,612,270.14 last year[21]. Revenue and Cost Analysis - The company's operating revenue decreased by 34.67 million yuan, approximately 9.34%, primarily due to the ongoing recovery in the downstream consumer electronics market and continued inventory destocking by customers[23]. - The net profit attributable to shareholders decreased by 28.84 million yuan, mainly due to the 9.34% reduction in operating revenue influenced by the industry cycle, along with increased R&D expenses for new product development and technology upgrades[23]. - The net cash flow from operating activities turned from outflow to inflow, mainly due to normal collection speed and reduced procurement for inventory[23]. - The company's operating revenue for the current period is ¥336,528,202.71, a decrease of 9.34% compared to ¥371,194,101.29 in the same period last year[43]. - The company's R&D expenses increased by 14.51% to ¥140,605,284.44 from ¥122,787,337.24 year-on-year, reflecting a commitment to innovation[43]. - Revenue decreased due to ongoing destocking by customers in the recovering consumer electronics market[45]. - R&D expenses increased year-on-year as the company continued to hire R&D personnel and invest in new product development[45]. Market Position and Product Development - As of June 30, 2023, the company held a total of 148 patents in the US and China, showcasing its strength in technology R&D within the wireless RF field[29]. - The company has established a leading position in the domestic market for wireless ICs, particularly in consumer electronics and industrial applications, benefiting from strong brand recognition and a stable customer base[27]. - The company has launched the world's first Wi-Fi 6 chip for IoT applications, enhancing transmission bandwidth and integrating digital signal processing capabilities to lower system costs and power consumption[32]. - The company is positioned to leverage its competitive advantages and business layout to maintain a rapid growth rate in sales revenue and further increase its market share in the industry[28]. - The company has developed a fully integrated chip suitable for China's ETC national standard, establishing a leading position in the domestic ETC chip market[32]. - The core team consists of 378 employees, with 339 in R&D, representing 90% of the workforce, highlighting the company's commitment to innovation and technical expertise[29]. - The company has launched several new Wi-Fi MCU chips, including the smallest Wi-Fi MCU chip in the market and the lowest power consumption Wi-Fi 6 MCU chip, with ongoing development for Wi-Fi 7 chips[35]. - The company has achieved multiple certifications, including being one of the first to obtain Matter certification, enhancing its competitive edge in the smart home market[36]. - The company has made significant advancements in automotive electronics, with several chips passing AEC-Q100 automotive certification, positioning itself strongly in the automotive market[37]. - The company is focused on expanding its product offerings in smart home, wearable, and smart transportation applications, aligning with market demand[35]. Financial Stability and Risks - The company has not disclosed any significant risks during the reporting period, indicating a stable operational environment[5]. - There are no plans for profit distribution or capital reserve transfer to increase share capital during this reporting period[4]. - The company maintains a stable supply chain with key partners like TSMC and SMIC, ensuring production capacity and product quality amid industry challenges[41]. - The company has received numerous awards, including the "Top 10 Most Promising IC Design Companies in China," reflecting its strong brand recognition in the semiconductor industry[33]. - The company faces competitive risks from well-funded international firms and domestic chip design companies[55]. - The company faces significant competition risks from international manufacturers and domestic firms in the rapidly developing IC design industry, which may impact market share and profitability[56]. - The company has established long-term partnerships with major foundries and packaging testing suppliers, including SMIC and TSMC, to mitigate supply chain risks, but faces potential supply shortages due to tight chip production capacity[57]. Shareholder Commitments and Governance - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of listing, which started in April 2019[65]. - If the company's stock price closes below the issue price for 20 consecutive trading days within six months post-listing, the lock-up period for shares will automatically extend by six months[65]. - The company will ensure that any unfulfilled commitments will result in the proceeds from stock sales being returned to the company within five working days[65]. - The company has established a compensation responsibility for any losses caused to investors due to non-compliance with commitments[65]. - The company has emphasized the importance of maintaining shareholder trust through adherence to these commitments[65]. - The company commits to improving its profit distribution system and enhancing investor return mechanisms, including cash dividends to attract investors[67]. - The company plans to actively implement fundraising projects that align with its main business and future development strategy, aiming to enhance sustainable profitability[67]. - The company will establish a special account for the raised funds to ensure dedicated use and strict control over the usage of funds[67]. - The company will continuously improve measures to compensate for the dilution of immediate returns as per the guidelines from the China Securities Regulatory Commission and the Shanghai Stock Exchange[67]. Legal and Regulatory Matters - There are ongoing significant litigation matters, including a patent infringement lawsuit against a competitor in the U.S. for damages related to unauthorized use of the company's patents[76]. - The company and its major shareholders have maintained good integrity, with no significant debts or court judgments unfulfilled during the reporting period[79]. - There were no significant related party transactions or major contracts reported during the half-year period[80]. - The report indicates no changes in the company's shareholding structure or any new major investments during the reporting period[84]. - The company has not disclosed any new product developments or technological advancements in this report[78]. - There were no significant legal or regulatory issues affecting the company or its major stakeholders during the reporting period[79]. - The company has not engaged in any mergers or acquisitions during the reporting period[80]. Asset and Liability Management - The company's total liabilities increased to RMB 244,958,198.05 from RMB 222,141,698.51, representing an increase of about 10.3%[96]. - The total equity attributable to shareholders decreased to RMB 1,750,475,488.36 from RMB 1,799,855,261.00, a decline of approximately 2.9%[96]. - Accounts receivable rose to RMB 126,768,608.82 from RMB 112,798,035.87, marking an increase of about 12.4%[94]. - Inventory decreased to RMB 302,953,631.48 from RMB 380,228,639.98, a decline of approximately 20.3%[94]. - The company reported a decrease in non-current assets to RMB 411,907,206.24 from RMB 420,389,120.60, reflecting a decline of about 2.8%[95]. - Short-term borrowings increased to RMB 40,093,083.91 from RMB 25,976,657.56, an increase of approximately 54.5%[95]. - The company’s deferred income increased to RMB 22,420,000.00 from RMB 12,960,000.00, representing an increase of approximately 73.5%[96]. Future Outlook and Strategic Initiatives - The company plans to continue focusing on market expansion and new product development to drive future growth[102]. - The company aims to improve operational efficiency and reduce costs in the upcoming quarters[123]. - The company is exploring potential mergers and acquisitions to strengthen its market position and diversify its offerings[123]. - The company has initiated a strategy to enhance its technological capabilities through research and development investments[123].
博通集成:博通集成关于召开2022年度业绩暨分红说明会的公告
2023-06-16 09:50
证券代码:603068 证券简称:博通集成 公告编号:2023-022 博通集成电路(上海)股份有限公司 关于召开 2022 年度业绩暨分红说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 会议召开时间:2023 年 06 月 27 日(星期二) 下午 14:00-15:00 会 议 召 开 地 点 : 上海证券 交 易 所 上 证 路 演 中 心 ( 网 址 : https://roadshow.sseinfo.com/) 会议召开方式:上证路演中心网络互动 投资者可于 2023 年 06 月 16 日(星期五) 至 06 月 26 日(星期一)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@bekencorp.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 博通集成电路(上海)股份有限公司(以下简称"公司")已于 2023 年 4 月 27 日发布公司 2022 年度报告,为便于广大投资者更全面深入地了解公司 2022 年度经营成果、财务 ...
博通集成(603068) - 2022 Q4 - 年度财报
2023-05-30 16:00
Financial Performance - The company's operating income for the current period was RMB 713,221,412.08, with a cost of RMB 529,865,165.67[7] - The company's net profit attributable to the parent company for the current period was a loss of RMB 238,060,644.74[6] - The company's retained earnings at the end of the period were RMB 125,643,267.38, a significant decrease from the previous period's RMB 393,959,905.32[6] - Net profit decreased to -241,380,763.89 yuan from 58,463,643.79 yuan in the previous period[21] - The company achieved consolidated operating revenue of RMB 713.22 million in 2022, a year-on-year decrease of 34.87%, and a net profit attributable to the parent company of RMB -238.06 million, including inventory impairment provisions of RMB 149 million and share-based payment expenses of RMB 44 million[102] - Total revenue decreased by 34.87% to RMB 71,322.14 million, with a 0.27 percentage point reduction in gross margin[104] - Revenue from outside mainland China decreased by 28% to RMB 33,849.91 million, with a 1.26 percentage point reduction in gross margin[104] - Direct sales revenue decreased by 58.24% to RMB 17,584.09 million, with a 5.13 percentage point reduction in gross margin[104] - Distribution sales revenue decreased by 20.26% to RMB 53,738.05 million, with a 0.35 percentage point increase in gross margin[104] - Revenue from wireless data transmission products declined due to slowing sales of Wi-Fi and Bluetooth products, impacted by reduced consumer electronics demand[105] - Revenue from mainland China decreased by 40%, while revenue from outside mainland China decreased by 28%, with the company actively expanding new sales channels[105] - Top five customers accounted for 78.10% of total annual sales, amounting to RMB 55,699.89 million[106] - Total operating revenue for 2022 was 713,221,412.08, a decrease of 34.9% compared to 1,094,992,693.75 in 2021[170] - Operating costs in 2022 were 529,865,165.67, down 34.6% from 810,492,633.95 in 2021[170] - Revenue for 2022 decreased to 455,522,592.22 from 749,816,628.89 in 2021, a decline of 39.2%[174] - Net loss for 2022 was -250,697,914.56 compared to a net profit of 32,840,818.87 in 2021[174] - Basic and diluted earnings per share were -1.67 in 2022, down from 0.20 in 2021[175] - Comprehensive income for 2022 was -255,697,914.56, compared to 32,840,818.87 in 2021[175] - The company's total comprehensive income for the period was RMB -255,697,914.56[185] - The company's total owner's equity at the beginning of the year was RMB 1,996,480,434.56[185] - The company's total owner's equity at the end of the period was RMB 1,755,134,968.11[185] - The company's total comprehensive income for the previous period was RMB 58,226,753.16[182] - The company's total owner's equity at the beginning of the period was RMB 1,988,391,374.13[182] R&D and Innovation - The company received government subsidies totaling RMB 18,463,466.91, including RMB 7,800,000 for the ANC headphone audio chip R&D and industrialization project[12][13] - Government subsidies for R&D and other projects totaled 18,463,466.91 yuan, including 1,120,000 yuan for IoT application chip development and 7,800,000 yuan for ANC headphone audio chip R&D[26][27] - R&D expenses in 2022 increased by 32.18% to 287.6853 million yuan, accounting for 40.34% of the revenue[88] - R&D expenses increased by 32.18% to RMB 28,768.53 million, reflecting the company's focus on innovation[107] - R&D expenses increased to 247,064,693.95 in 2022, up 34.3% from 183,939,321.59 in 2021[174] - The company has 355 employees, with 317 (89.30%) being R&D personnel, and holds 142 invention patents in China and the US, covering key areas such as energy consumption, noise reduction, filtering, and wake-up in wireless RF[99] - The company's low-power IC design capabilities are highly competitive, with significant IP accumulation in low-power power management circuits, RF transceivers, frequency synthesizers, and oscillators[100] Government Subsidies and Financial Income - The company received government subsidies totaling RMB 18,463,466.91, including RMB 7,800,000 for the ANC headphone audio chip R&D and industrialization project[12][13] - Government subsidies received increased to 20,861,679.54 yuan from 5,342,943.61 yuan in the previous period[18] - Government subsidies for R&D and other projects totaled 18,463,466.91 yuan, including 1,120,000 yuan for IoT application chip development and 7,800,000 yuan for ANC headphone audio chip R&D[26][27] - Financial interest income increased to 37,937,425.36 yuan from 12,169,157.18 yuan in the previous period[18] - Interest income rose to 37,905,004.03 in 2022, a significant increase from 12,158,075.82 in 2021[174] Inventory and Asset Management - The company incurred a significant inventory impairment loss of RMB 148,658,210.73[14] - Inventory value as of December 31, 2022, was RMB 380,228,639.98, with a provision for inventory impairment due to intense market competition[164] - Total non-current assets amounted to RMB 420,389,120.60, while total assets were RMB 2,019,656,840.36[168] - Total current liabilities were RMB 204,957,059.27, with short-term borrowings at RMB 25,976,657.56[168] - Total liabilities amounted to RMB 222,141,698.51, with non-current liabilities at RMB 17,184,639.24[168] - Total equity attributable to the parent company was RMB 1,799,855,261.00, with a minority interest of RMB -2,340,119.15[169] - Capital reserve stood at RMB 1,473,849,804.80, while undistributed profits were RMB 125,643,267.38[169] - Total liabilities and equity amounted to RMB 2,019,656,840.36[169] - Total assets decreased from RMB 2,332,606,162.08 in 2021 to RMB 1,797,515,141.85 in 2022, a decline of approximately 22.9%[157] - Total liabilities decreased from RMB 306,165,383.99 in 2021 to RMB 222,141,698.51 in 2022, a decline of approximately 27.4%[157] - The asset-liability ratio decreased from 13.13% in 2021 to 11.00% in 2022[157] - Total assets decreased by 8.7% to 2,176,544,258.34 in 2022 from 2,383,439,337.13 in 2021[172] - Total liabilities increased by 8.9% to 421,409,290.23 in 2022 from 386,958,902.57 in 2021[172] - Owner's equity decreased by 12.1% to 1,755,134,968.11 in 2022 from 1,996,480,434.56 in 2021[173] - Fixed assets slightly decreased to 51,127,983.87 in 2022 from 51,750,083.92 in 2021[172] - Intangible assets decreased to 72,832,828.98 in 2022 from 74,257,062.44 in 2021[172] - Deferred tax assets increased by 64.2% to 34,853,596.09 in 2022 from 21,232,840.13 in 2021[172] - Total equity at the end of 2022 was 1,799,855,261.00, slightly down from 1,988,391,374.13 at the end of 2021[180] Share Repurchase and Incentive Plans - The company repurchased and canceled 855,000 restricted shares at a price of RMB 36.03 per share, totaling RMB 30,805,650[2] - The company terminated its 2021 stock option and restricted stock incentive plan, resulting in the cancellation of 2.13 million stock options and the repurchase of 815,000 restricted shares[41][42] - The company terminated the 2021 stock option and restricted stock incentive plan and repurchased and canceled the restricted stocks[56] - The company terminated its 2021 stock option and restricted stock incentive plan in December 2022, canceling 2.13 million stock options for 53 incentive recipients and repurchasing 855,000 restricted shares for 37 incentive recipients[153] - The company's total share capital decreased by 855,000 shares, resulting in a total of 150,424,966 shares, maintaining a 100% ownership structure[152] - The company terminated the 2021 stock option and restricted stock incentive plan in December 2022, canceling 2.13 million stock options and repurchasing 855,000 restricted shares[156] - The number of restricted shares decreased from 45,415,103 in 2021 to 0 in 2022[156] - The number of unrestricted shares increased from 105,864,863 in 2021 to 150,424,966 in 2022[156] - The company granted 860,000 restricted shares of RMB ordinary shares (A shares) to 38 incentive recipients, including senior and middle-level management and core technical (business) personnel, at a grant price of RMB 36.03 per share[189] - The company granted 2,130,000 stock options to 53 senior and middle-level management and core technical (business) personnel[189] Subsidiaries and Ownership - The company has 100% ownership in subsidiaries such as Broadcom Integrated Circuit (Hong Kong) Co., Ltd., Broadcom Integrated Technology (Shenzhen) Co., Ltd., Broadcom Integrated Technology (Beijing) Co., Ltd., Broadcom Integrated Circuit (Zhejiang) Co., Ltd., and Adveos Microelectronic Systems P.C. [30] - The company holds a 51% stake in Shanghai Bolelisk Technology Co., Ltd. [30] - The company has established new subsidiaries in Qingdao and Shanghai, namely Broadcom Microelectronics (Qingdao) Co., Ltd. and Shanghai Ansai Microelectronics Co., Ltd., both with 100% ownership [30] - The company's consolidated financial statements include subsidiaries such as Broadcom Integrated Circuits (Hong Kong) Co., Ltd. and Broadcom Integrated Technology (Shenzhen) Co., Ltd.[190] - The company's subsidiaries also include Broadcom Integrated Technology (Beijing) Co., Ltd., Broadcom Integrated Circuits (Zhejiang) Co., Ltd., and Adveos Microelectronic Systems P.C.[191] Risk Management - The company's financial risk is primarily related to credit risk, with major exposure in monetary funds, receivables, and other financial assets[28] - The company faces liquidity risk and manages it by monitoring cash balances, marketable securities, and rolling 12-month cash flow forecasts to ensure sufficient funds for debt repayment [32] - The company's primary interest rate risk stems from short-term bank borrowings [33] - The company is exposed to exchange rate risk due to financial assets and liabilities denominated in USD [34] - The company faces other price risks related to equity investments, which are subject to market price fluctuations [35] - Intense competition from international giants like Qualcomm and MediaTek, as well as domestic IC design companies, poses a significant market risk[115] - Potential talent loss due to competitive offers from rivals could impact R&D and technological capabilities, affecting profitability[115] - Supplier concentration and potential capacity shortages during peak IC production seasons could disrupt supply chain stability[116] Corporate Governance and Leadership - Key management personnel compensation for the current period amounted to 6.9157 million RMB, compared to 7.5347 million RMB in the previous period [39] - The company's board of directors' compensation and assessment committee evaluated senior management based on performance and operational indicators, linking their compensation to the company's asset status, profitability, and annual business objectives[57] - Total compensation for directors, supervisors, and senior management at the end of the reporting period was 6.9157 million yuan[63] - The company held five board meetings in 2022, with resolutions published in corresponding announcements[64][65] - Independent directors receive fixed allowances approved by the shareholders' meeting, while senior management compensation consists of basic salary and year-end bonuses[63] - The company's board of directors includes independent non-executive directors from major corporations such as Henderson Land Development and VTech Holdings[61] - Key executives hold multiple directorships across various technology and investment companies, including Sensethink Technology and Brizan Investment[60][61] - The company's governance structure includes a compensation and assessment committee responsible for reviewing senior management remuneration[63] - The company maintains a diversified leadership team with directors holding positions in semiconductor, robotics, and investment sectors[60][61] - The company's board resolutions and governance practices are documented and disclosed in accordance with regulatory requirements[64][65] - The company's Audit Committee held 4 meetings in the reporting period, reviewing financial reports and accounting policy changes[68][69] - The Compensation and Assessment Committee held 1 meeting to review executive compensation for 2022[70] - All directors attended all 5 Board meetings in 2022, with no consecutive absences[66] - Key executives include Pengfei Zhang, who holds multiple director positions across various shareholder entities[121] - Wang Weifeng, Vice President, has extensive experience in chip design, previously working at Huawei and Broadcom Limited[122] - Xu Xiuhui, CFO, brings over a decade of financial management experience from KPMG and other firms[122] Employee and Talent Management - Total number of employees in the parent company and major subsidiaries is 355, with 173 in the parent company and 182 in major subsidiaries[72][73] - The company has 317 R&D personnel, accounting for 89.3% of the total workforce[73] - Employee education breakdown: 19 PhDs, 157 Masters, 159 Bachelors, and 20 with college or lower degrees[73] - The company implemented a differentiated salary system, with compensation consisting of base salary and bonuses[74] - The company maintains a comprehensive training system combining internal and external programs to develop talent[75] - Total number of employees increased by 33 to 355 by the end of 2022[89] Legal and Regulatory Compliance - The company's litigation against Li Tong Technology and Shanghai Kaihuang Electronics for patent infringement was withdrawn, with the court approving the withdrawal of the lawsuit[145] - The company's litigation in the U.S. District Court for the Western District of Texas against Li Tong Technology for patent infringement is ongoing, seeking damages and legal fees[145] - The company held 5 board meetings and 5 supervisory board meetings in 2022, all compliant with legal and regulatory requirements[118] - All shareholder meeting proposals in 2022 were passed without any rejections[120] - The company's internal control audit was conducted by Lixin Accounting Firm, with an audit fee of 100,000 RMB[144] - The company's financial statements are prepared in accordance with the "Accounting Standards for Business Enterprises" issued by the Ministry of Finance and relevant regulations of the China Securities Regulatory Commission[192] - The company's financial statements truly and completely reflect the consolidated and parent company's financial position as of December 31, 2022, and the consolidated and parent company's operating results and cash flows for the year 2022[193] - The company's operating cycle is 12 months[195] - The company's accounting treatment for business combinations under common control and non-common control is applicable[196] - The company's cash and cash equivalents include cash on hand and deposits that can be used for payment at any time, as well as short-term, highly liquid investments that are readily convertible to known amounts of cash and subject to insignificant risk of changes in value[199] - The company's functional currency is RMB[200] Non-Compete and Related-Party Transactions - The controlling shareholder and actual controllers of Beken Corporation have committed to avoiding any business activities that compete with Beken, ensuring no conflicts of interest or unfair advantages are taken[135] - Any violation of the non-compete commitments by the controlling shareholder or actual controllers will result in penalties, including cessation of competitive activities, payment of profits from such activities, and compensation for losses[135] - The commitments made by the controlling shareholder and actual controllers are irrevocable and remain effective as long as they hold their positions in Beken Corporation[135] - Beken Corporation and its subsidiaries will minimize related-party transactions, ensuring transactions are conducted with independent third parties under fair market conditions[135] - Related-party transactions between Beken Corporation and its controlling shareholder or actual controllers will be conducted at government or market prices, with strict adherence to legal procedures and avoidance of conflicts of interest[135] - The controlling shareholder and actual controllers have pledged not to exploit their positions for personal gain or to harm the interests of Beken Corporation and its minority shareholders[135] - The company will strictly avoid borrowing or occupying funds from Broadcom Integration, and will not use methods such as advance payments or debt repayment to encroach on Broadcom Integration's funds[136] - All necessary transactions between the company and Broadcom Integration will be conducted in compliance with market principles, ensuring fairness and reasonableness[136] - The company will sign written contracts or agreements for all related transactions with Broadcom Integration and strictly follow the necessary legal procedures[136] - The company guarantees not to seek any improper benefits through related transactions or impose any improper obligations on Broadcom Integration[136] - The company will strengthen the supervision of raised funds to ensure their reasonable and legal use[136] - The company
博通集成(603068) - 2022 Q4 - 年度财报
2023-04-26 16:00
Financial Performance - The company's operating revenue for 2022 was RMB 713,221,412.08, a decrease of 34.87% compared to RMB 1,094,992,693.75 in 2021[24]. - The net profit attributable to shareholders of the listed company was a loss of RMB 236,653,148.16, representing a decline of 626.91% from a profit of RMB 44,913,801.58 in the previous year[24]. - The cash flow from operating activities showed a net outflow of RMB 201,766,292.07, a decrease of 220.95% compared to an inflow of RMB 166,812,462.30 in 2021[24]. - Total assets at the end of 2022 were RMB 2,019,656,840.36, down 13.42% from RMB 2,332,606,162.08 at the end of 2021[24]. - The company's total equity attributable to shareholders was RMB 1,799,855,261.00, a decrease of 11.18% from RMB 2,026,440,778.09 in the previous year[24]. - The company achieved a consolidated revenue of RMB 713.22 million in 2022, a decrease of 34.87% year-on-year[53]. - The net profit attributable to the parent company's shareholders was RMB -238.06 million, which includes a provision for inventory impairment of RMB 149 million and share-based payment of RMB 44 million[53]. - The operating cost was 529,865,165.67 RMB, down 34.62% year-on-year, reflecting the decline in revenue[54]. - The company reported a total production of 39,720.68 thousand units, with a sales volume of 30,251.04 thousand units, reflecting a decrease of 30.31% in production and 45.68% in sales compared to the previous year[59]. Research and Development - R&D expenses increased by 70 million RMB, representing a year-on-year growth of 32%[31]. - In 2022, the company's R&D expenses amounted to 287.69 million yuan, an increase of 32.18% compared to the previous year, with R&D expenses accounting for 40.34% of total revenue[35]. - The company focused on the development of wireless connection chips, including Wi-Fi, Bluetooth, and high-precision positioning chips, to enhance product competitiveness[32]. - The company launched several new products, including the smallest Wi-Fi MCU chip and the lowest power consumption Wi-Fi 6 MCU chip, and initiated the development of Wi-Fi 7 chips[32]. - The company has achieved significant breakthroughs in the security and connectivity of its products, with multiple chips certified by the Matter certification and HarmonyOS[33]. - The company has achieved AEC-Q100 automotive certification for several chip products, entering the automotive OEM market and maintaining a leading position in technology and market[34]. - The company’s wireless communication IC products have a leading market share in various segments of domestic consumer electronics and industrial applications[34]. Market Conditions and Challenges - The company faced challenges from macroeconomic conditions, supply chain constraints, and weak downstream market demand, impacting sales and profits[32]. - Revenue from the mainland region dropped by 40.03%, primarily due to the overall economic situation in 2022[58]. - The sales revenue from wireless data transmission products decreased by 41.46%, while wireless audio products saw a smaller decline of 17.05%[57]. - The competitive landscape is intensifying, with significant competition from well-funded international firms and domestic chip design companies, which may impact the company's market share[83]. Governance and Compliance - The board of directors held a total of 5 meetings in 2022, complying with legal and regulatory requirements[88]. - The company has established three specialized committees: the nomination committee, the remuneration and assessment committee, and the audit committee, all of which are accountable to the board[88]. - The company does not have significant differences in governance compared to regulatory requirements, indicating strong compliance[88]. - The company’s independent directors constitute more than half of the board, enhancing oversight and governance[88]. - The audit committee includes at least one independent director who is a qualified accounting professional, ensuring compliance with governance standards[88]. - The company has not reported any major changes in competition or business operations that would affect its independence[88]. Employee and Talent Management - The company’s total employee count reached 355 by the end of 2022, with a net increase of 33 employees compared to the previous year[36]. - The company employs 355 staff, with 317 being R&D personnel, accounting for 89.30% of the workforce[47]. - The company has implemented various incentive measures to retain its core technical team, although talent retention remains a challenge due to competitive pressures in the industry[84]. - The company has established a comprehensive training program aimed at developing strong product R&D and management talent to meet future growth needs[114]. Future Outlook and Strategy - The company aims to maximize brand value and expand into IoT markets such as smart transportation, smart home, and wearable technology, leveraging its existing technology and market resources[42]. - The company is actively developing new products and applications to drive future sales growth despite the current decline in demand[55]. - The company plans to continuously improve the technology and performance of Bluetooth, Wi-Fi, and ETC products, while actively expanding into overseas markets to capture more market share[81]. - The company aims to enhance its competitive advantage in wireless data transmission and audio chip products over the next three years, positioning itself as a leader in the domestic integrated circuit design industry[80]. Financial Management and Investment - The company has established a cash dividend policy, ensuring a minimum of 80% of profits are distributed as cash dividends during mature stages without major capital expenditures[115]. - The company has made a private equity investment of 100 million in a fund managed by a related party, with a total fund size of 1.125 billion[76]. - The company will establish a special account for raised funds to ensure dedicated use and strict control over all aspects of fund utilization[136]. - The company has committed to actively implement fundraising projects that align with its main business and future development strategy[136]. Audit and Internal Control - The audit opinion confirmed that the financial statements fairly present the company's financial position and results of operations for the year ended December 31, 2022[191]. - The company has established a comprehensive internal control system to ensure product quality and customer service quality, which are fundamental to its survival and development[38]. - The company is committed to addressing any identified internal control deficiencies during the audit process[199]. - The management is responsible for ensuring the financial statements are prepared in accordance with accounting standards and for maintaining effective internal controls[197].
博通集成(603068) - 2023 Q1 - 季度财报
2023-04-26 16:00
2023 年第一季度报告 证券代码:603068 证券简称:博通集成 博通集成电路(上海)股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏,并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整,不存 在虚假记载、误导性陈述或重大遗漏,并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位:元 币种:人民币 | 项目 | 本报告期 | 本报告期比上年同期增减 | | --- | --- | --- | | | | 变动幅度(%) | | 营业收入 | 159,082,026.94 | -27.98 | | 归属于上市公司股东的净利润 | -36,724,143.51 | -1136.49 | | 归属于上市公司股东的扣除非经常 | -37,232,074.84 | -1954. ...
博通集成电路(上海)股份有限公司首次公开发行股票招股说明书(申报稿2017年9月21日报送)
2023-01-14 17:10
索 引 号 bm56000001/2017-00005237 分 类 预先披露;预先披露 【打印】 【关闭窗口】 博通集成电路(上海)股份有限公司首次公开发行股票招股说明书 (申报稿2017年9月21日报送) 根据《证券法》第二十一条和《首次公开发行股票并上市管理办法》第五十八条、《首次公开发行股票并在创业 板上市管理办法》第四十条的规定,申请文件受理后、发行审核委员会审核前,发行人应当将招股说明书(申报稿) 在中国证监会网站预先披露。 发布机构 证监会 发文日期 名 称 博通集成电路(上海)股份有限公司首次公开发行股票招股说明书(申报稿2017年9月21日 报送) 文 号 主 题 词 ...
博通集成(603068) - 2022 Q3 - 季度财报
2022-10-30 16:00
Financial Performance - The company's operating revenue for Q3 2022 was ¥153,363,319.12, representing a decrease of 45.12% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥97,937,297.90, a decline of 692.62% year-over-year[5]. - The basic and diluted earnings per share were both -¥0.65, reflecting a decrease of 690.91% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2022 was RMB 524,557,420.41, a decrease of 34.4% compared to RMB 800,775,158.74 in the same period of 2021[18]. - Net profit for the first three quarters of 2022 was a loss of RMB 122,017,623.24, compared to a profit of RMB 49,469,886.04 in the same period of 2021[19]. - Total comprehensive income for the first three quarters of 2022 was a loss of RMB 123,760,671.44, compared to a profit of RMB 49,147,425.20 in the same period of 2021[20]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,155,942,760.63, down 7.57% from the end of the previous year[6]. - As of September 30, 2022, the company's total assets amounted to RMB 2,155,942,760.63, a decrease from RMB 2,332,606,162.08 at the end of 2021, representing a decline of approximately 7.5%[14]. - The company's total equity attributable to shareholders decreased to RMB 1,895,516,213.49 from RMB 2,026,440,778.09, a decline of approximately 6.5%[16]. - The company's total liabilities decreased to RMB 260,426,547.14 from RMB 306,165,383.99, a decline of approximately 15%[15]. - Total current liabilities decreased to RMB 246,962,222.20 from RMB 290,690,083.35, a reduction of about 15%[15]. Cash Flow - The company reported a cash flow from operating activities net amount of -¥259,833,699.37, a decrease of 288.24% year-over-year[6]. - Cash flow from operating activities for the first three quarters of 2022 was a net outflow of RMB 259,833,699.37, compared to a net inflow of RMB 138,032,945.95 in the same period of 2021[23]. - Cash received from sales of goods and services was RMB 580,595,304.17, a decline of 30.0% from RMB 829,241,614.62 in the previous year[22]. - Cash flow from investing activities resulted in a net outflow of RMB 132,178,785.44, compared to a net outflow of RMB 268,306,238.73 in the previous year[23]. - Net cash flow from financing activities was -$60.43 million, compared to a positive cash flow of $60.43 million in the previous period[24]. - The net increase in cash and cash equivalents was -$445.22 million, compared to a decrease of $72.83 million in the prior period[24]. - The ending balance of cash and cash equivalents was $1.03 billion, down from $1.27 billion at the end of the previous period[24]. Inventory and Expenses - The company's inventory increased by 30.03% due to a slowdown in market demand influenced by macroeconomic conditions and the pandemic[9]. - Research and development expenses increased by 47.00% as the company continued to invest in new product development[9]. - Research and development expenses increased to RMB 218,520,050.53, up 47% from RMB 148,657,526.76 in the previous year[18]. - The company's cash and cash equivalents decreased to RMB 1,032,359,376.37 from RMB 1,477,575,744.62, reflecting a decline of about 30.1% year-over-year[13]. - The company's retained earnings decreased to RMB 242,486,288.92 from RMB 393,959,905.32, a decline of approximately 38.4%[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,031[11]. - The weighted average return on equity was -4.95%, a decrease of 5.78 percentage points compared to the previous year[6]. - The accounts receivable increased to RMB 112,887,589.81 from RMB 106,505,010.75, showing a growth of about 6.5%[14]. - The company experienced a 34.49% decline in operating income due to fluctuations in global macroeconomic conditions affecting downstream market demand[9]. - The company recorded a financial expense of -29,240,346.55, indicating a significant change in financial management strategies[18].
博通集成(603068) - 2022 Q2 - 季度财报
2022-08-30 16:00
Financial Performance - The company's operating revenue for the first half of 2022 was ¥371,194,101.29, a decrease of 28.80% compared to ¥521,324,829.28 in the same period last year[18]. - The net profit attributable to shareholders was -¥23,280,325.34, representing a decline of 170.67% from ¥32,943,671.98 in the previous year[18]. - The net cash flow from operating activities decreased by ¥213,988,680.06, a drop of 340.87% compared to ¥88,840,246.90 in the same period last year[18]. - Basic earnings per share were -¥0.15, down 168.18% from ¥0.22 in the same period last year[19]. - The weighted average return on equity decreased by 2.8 percentage points to -1.16% from 1.64% in the previous year[19]. - The decline in revenue was attributed to pandemic control measures affecting business expansion and logistics efficiency, along with a slowdown in downstream market demand[20]. - Operating costs also declined by 29.05%, amounting to ¥277.06 million, down from ¥390.50 million[40]. - The company reported a significant increase in financial expenses, with a net financial cost of CNY -23,894,951.97 in the first half of 2022, compared to CNY -4,457,828.08 in the same period of 2021[116]. - The company reported a total comprehensive income of CNY -10,128,432.11 for the first half of 2022, indicating a loss compared to the previous period[132]. Research and Development - The company continued to invest in R&D for new products, leading to increased R&D expenses despite the decline in revenue and profit[20]. - R&D expenses increased by 41.82% to ¥122.79 million, reflecting the company's commitment to product innovation and technology upgrades[34]. - The company achieved Wi-Fi 6 certification for its IoT chip, becoming the first in the world to do so, and maintained a leading position in the Wi-Fi MCU sector[33]. - The company has launched automotive-grade Bluetooth and Wi-Fi 6 chips, as well as high-precision satellite navigation chips, indicating a strategic shift towards automotive applications[26]. - The company has a workforce of 329 employees, with 88.45% being R&D personnel, emphasizing its focus on innovation[27]. Market Position and Strategy - The company has become a leading chip design firm in China, recognized as a "key integrated circuit design enterprise" by multiple government agencies[26]. - The company has a market share of 1st place in the national standard ETC chip market and maintains a leading position in the smart home Wi-Fi MCU chip shipments[26]. - The company aims to continuously enhance its market share and maintain rapid revenue growth by leveraging its competitive advantages and business layout[26]. - The company is considering strategic acquisitions to bolster its technology portfolio, with a budget of $100 million allocated for potential deals[75]. - Market expansion plans include entering two new international markets by Q3 2022, which are projected to increase overall market share by 5%[73]. Financial Position - The company's total assets increased by 2.12% to ¥2,382,102,569.88 from ¥2,332,606,162.08 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 1.94% to ¥1,987,072,401.42 from ¥2,026,440,778.09 at the end of the previous year[18]. - The company's total liabilities rose to CNY 394,378,074.45, compared to CNY 306,165,383.99, marking an increase of approximately 28.8%[110]. - The company's equity attributable to shareholders decreased to CNY 1,987,072,401.42 from CNY 2,026,440,778.09, a decline of approximately 1.9%[110]. - The total equity attributable to the parent company at the end of the reporting period is CNY 1,987,724,495.43, compared to CNY 1,988,391,374.13 at the end of the previous year, showing a slight decrease[129]. Cash Flow and Financing - The net cash flow from financing activities was 66,875,480.09 RMB, with cash inflow from borrowings amounting to 130,353,000.00 RMB[122]. - The company's short-term borrowings rose by 110.53% to ¥134.23 million, aimed at mitigating foreign exchange risks[41]. - The total cash and cash equivalents at the end of the period stood at 1,210,232,541.46 RMB, compared to 1,098,427,513.62 RMB at the end of the first half of 2021[122]. - The company plans to implement stock repurchase measures if the stock price falls below the net asset value per share for 20 consecutive trading days, with a total repurchase fund not less than 10% of the previous year's audited net profit[70]. Corporate Governance and Compliance - The company has established a comprehensive internal control system to ensure effective implementation and quality assurance[36]. - The company will ensure that any violations of commitments will lead to direct deductions from dividends or other payments to the responsible parties[63]. - The company has made commitments to protect the legitimate rights and interests of small investors in the capital market[68]. - The company has not faced any major litigation or arbitration matters that were not disclosed in temporary announcements[86]. - The company reported no violations or penalties involving its directors, supervisors, or senior management during the reporting period[87]. Shareholder Information - The company reported a total share count of 151,279,966, with 69.98% being unrestricted circulating shares[93]. - Beken Corporation holds 30,340,103 shares, representing 20.06% of the total shares[100]. - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[54]. - The company has implemented a stock option and restricted stock incentive plan for 38 key personnel, aiming to align their interests with those of shareholders[139]. Legal Matters - The company is involved in a significant patent infringement lawsuit against Li Tong Technology Co., Ltd. and Shanghai Kaihuang Electronics Technology Co., Ltd., claiming damages of RMB 98,113,882[85]. - The company has withdrawn its lawsuit in a related case and received a civil ruling from the Shanghai Intellectual Property Court[85]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[135]. - The company provided guidance for the next quarter, expecting revenue to be between $800 million and $900 million, which would represent a growth of 10% to 20% compared to the same period last year[74].
博通集成(603068) - 2022 Q1 - 季度财报
2022-04-29 16:00
Financial Performance - The company's operating revenue for Q1 2022 was ¥220,882,082.64, representing a decrease of 6.56% compared to the same period last year[5] - The net profit attributable to shareholders was ¥3,543,114.67, down 65.06% year-on-year[5] - The net profit after deducting non-recurring gains and losses was ¥2,007,281.40, a decline of 78.00% compared to the previous year[5] - Basic earnings per share were ¥0.02, down 71.43% year-on-year[6] - Net profit for Q1 2022 was ¥3,483,438.16, a significant decline from ¥10,141,766.12 in Q1 2021, representing a decrease of 65.6%[20] - The company reported a comprehensive income of ¥2,315,894.41 for Q1 2022, significantly lower than ¥10,019,804.89 in Q1 2021[20] - Basic earnings per share for Q1 2022 were CNY 0.02, down from CNY 0.07 in Q1 2021[21] Cash Flow - The net cash flow from operating activities was negative at -¥77,847,210.16, reflecting a significant decrease of 1,192.70%[5] - Net cash flow from operating activities was -CNY 77,847,210.16, compared to -CNY 6,022,076.14 in the previous year[22] - Total cash inflow from operating activities was CNY 179,465,738.40, while cash outflow was CNY 257,312,948.56, resulting in a net cash outflow of CNY 77,847,210.16[22] - Cash flow from investing activities resulted in a net outflow of CNY 53,914,197.40, significantly reduced from -CNY 300,865,683.03 in the same period last year[22] - Cash flow from financing activities generated a net inflow of CNY 63,666,848.86, with CNY 62,947,000.00 received from borrowings[22] - The ending balance of cash and cash equivalents was CNY 1,408,173,609.95, down from CNY 1,477,575,744.62 at the beginning of the period[22] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 154,403,359.73, compared to CNY 192,734,545.92 in Q1 2021[21] - The company incurred CNY 55,233,891.17 in cash payments to employees, an increase from CNY 32,852,154.46 in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,424,295,498.13, an increase of 3.93% from the end of the previous year[6] - Total assets as of March 31, 2022, amounted to ¥2,424,295,498.13, an increase from ¥2,332,606,162.08 at the end of 2021[16] - Current assets totaled ¥2,056,677,288.22 as of March 31, 2022, compared to ¥2,004,684,053.08 at the end of 2021, marking a growth of 2.6%[16] - Total liabilities increased to ¥388,064,793.32 in Q1 2022 from ¥306,165,383.99 in Q1 2021, indicating a rise of 26.8%[16] - The company's cash and cash equivalents were ¥1,408,173,609.95 as of March 31, 2022, down from ¥1,477,575,744.62 at the end of 2021, a decrease of 4.7%[15] - The total equity attributable to shareholders was ¥2,035,490,381.32 as of March 31, 2022, slightly up from ¥2,026,440,778.09 at the end of 2021[16] Research and Development - Research and development expenses increased by 32.57% due to the expansion of the R&D team and implementation of an equity incentive plan[8] - Research and development expenses increased to ¥56,127,432.94 in Q1 2022, up 32.7% from ¥42,338,925.41 in Q1 2021[19] Government Support and Future Plans - The company received government subsidies amounting to ¥1,790,000.00, which are closely related to its normal business operations[7] - The company plans to continue investing in new product development despite the current financial challenges[7] Accounts Receivable - The company experienced a significant increase in accounts receivable by 356.26% due to delayed payments from customers affected by the pandemic[7] Accounting Standards - The company is not applying the new accounting standards for the current year[23]