证券代码：688766 证券简称：普冉股份 （2022 年 05 月） 普冉半导体（上海）股份有限公司 投资者关系活动记录表 编号：2022-006 | --- | --- | --- | --- | |-----------------------------|--------------------------------------------|--------------------------------------|--------------------------------------------------------| | | | | | | | 特定对象调研 | 分析师会议 | | | | 媒体采访 | 业绩说明会 | | | 投资者关系活动类别 | 新闻发布会 | 路演活动 | | | | 现场参观 | | | | | 其他（请文字说明其他活动内容） | | | | | 万家基金 | 景顺长城 | 盘京投资 | | | 润晖投资 | 才华资本 | 敦和资管 | | | 浦银安盛 | 信达澳亚 | 新华资产 | | | 中银基金 | 中庚基金 | 长城财富 | | 参与单位名称 | 中 ...

证券代码：688766 证券简称：普冉股份 （2022 年 06 月） 编号：2022-007 特定对象调研 分析师会议 媒体采访 业绩说明会 投资者关系活动类别 新闻发布会 路演活动 现场参观 其他（请文字说明其他活动内容） 迎水资本 钦沐资管 浦银安盛 朱雀基金 长江养老 富邻投资 凯石基金 中信建投 长盛基金 方正电子 方正证券研究所 新华基金 泰康资管 上海云门投资管理 彤源投资 光大资管 太平基金 韶夏资本 嘉实基金 恒越基金 华富基金 光大保德信 信诚基金 中银国际 参与单位名称 多鑫投资 人保养老 瀚亚投资 博时基金 泰信基金 中邮创业基金 富国基金 中泰电子 国元证券 中银基金 德邦基金 浙商基金 上银基金 中融基金 百年保险 国寿安保 民生电子 兴全基金 天弘基金 兴业电子 万家基金 开源电子 招商电子 贝莱德基金 百济投资 工银安盛 时间 2022 年 05 月 31 日-2022 年 06 月 29 日 普冉半导体（上海）股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------|------------------------ ...

Financial Performance - The company reported a revenue of CNY 194.32 million for the third quarter, a decrease of 37.73% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 34.81 million, down 68.12% year-on-year; net profit after deducting non-recurring gains and losses was CNY 120,161.56, a decline of 99.89%[9]. - Basic earnings per share were CNY 0.69, down 73.45% year-on-year, while diluted earnings per share were CNY 0.68, down 73.56%[8]. - The company's revenue for the reporting period decreased by 37.73% compared to the same period last year, primarily due to reduced downstream market demand affected by the pandemic and a downturn in the semiconductor industry cycle[17]. - The net profit attributable to shareholders for the reporting period was down by 68.12%, influenced by a decline in revenue and increased R&D expenses, which rose by 72.80% year-on-year[17]. - The net profit attributable to shareholders for the year-to-date period also showed a decline of 37.95% compared to the previous year[17]. - Basic earnings per share for the reporting period were -73.45 yuan, reflecting the decline in net profit compared to the previous year[17]. - Operating revenue for the first three quarters of 2022 was CNY 763.73 million, a decrease of 7.29% compared to CNY 823.67 million in the same period of 2021[39]. - Net profit for the first three quarters of 2022 was CNY 138.21 million, down 38.0% from CNY 222.73 million in the same period of 2021[40]. - The company’s total profit for the first three quarters of 2022 was CNY 145.45 million, a decrease of 32.3% from CNY 214.81 million in the same period of 2021[39]. Research and Development - The company’s R&D investment totaled CNY 42.29 million in the quarter, an increase of 72.80% year-on-year, representing 21.76% of revenue, up 13.92 percentage points[8]. - The company has expanded its R&D team significantly, leading to increased employee compensation and related expenses[9]. - Total R&D investment for the reporting period increased by 72.80%, driven by a growing R&D team and higher personnel costs[17]. - Research and development expenses increased significantly to CNY 109.50 million, up 84.7% from CNY 59.30 million in the same period of 2021[39]. - The company is focusing on expanding its R&D capabilities and developing new products to enhance its market position[17]. Cash Flow and Assets - The net cash flow from operating activities was CNY -195.44 million for the year-to-date, a decrease of 221.63% compared to the previous year[8]. - The net cash flow from operating activities for the year-to-date period was -221.63 million, mainly due to delayed payments from customers and increased inventory purchases[17]. - The company reported a net cash outflow from operating activities of CNY -195.44 million, compared to a net inflow of CNY 160.68 million in the same period of 2021[42]. - Cash and cash equivalents at the end of the period were CNY 1.18 billion, down from CNY 1.48 billion at the end of the same period in 2021[42]. - The company's cash and cash equivalents decreased to approximately ¥1.18 billion from ¥1.46 billion, representing a decline of 19.1%[32][35]. - Accounts receivable increased to approximately ¥268.13 million, up 33.9% from ¥200.22 million in the previous year[35]. - Inventory surged to approximately ¥594.53 million, a significant increase of 164.4% compared to ¥225.46 million at the end of 2021[35]. - The total liabilities rose to approximately ¥232.49 million, compared to ¥92.80 million in the previous year, marking an increase of 150.5%[36]. - The company's total equity reached approximately ¥2.05 billion, up from ¥1.93 billion, reflecting a growth of 5.9%[36]. - The company's long-term assets increased to approximately ¥129.78 million, up from ¥103.88 million, indicating a growth of 24.9%[35]. Taxation and Shareholder Information - The effective income tax rate increased to 10% starting in 2022, impacting net profit compared to the previous year when there was a tax exemption[9]. - The company began applying a 10% corporate income tax rate in 2022, which impacted the net profit compared to the previous year's tax exemption[17]. - The number of ordinary shareholders at the end of the reporting period was 5,234, with the top ten shareholders holding significant stakes[20]. - The largest shareholder, Wang Nan, held 9,499,377 shares, representing 18.73% of the total shares[20]. Other Financial Metrics - The weighted average return on equity decreased to 1.71%, down 9.50 percentage points year-on-year[8]. - Sales expenses increased to CNY 19.56 million, up 25.5% from CNY 15.63 million in the same period of 2021[39]. - The company’s financial expenses showed a significant increase, with interest expenses rising to CNY 146.45 thousand from CNY 52.61 thousand in the same period of 2021[39]. - The company announced a delay in the completion of its fundraising projects from January 2023 to December 2024, without changing the investment scale[30]. - The company has reserved 70,000 shares for its stock incentive plan, which has now expired due to the lack of designated recipients within 12 months[29].

Financial Performance - The company's revenue for the first half of 2022 reached CNY 569.41 million, representing an 11.29% increase compared to CNY 511.62 million in the same period last year[31]. - Net profit attributable to shareholders decreased by 8.91% to CNY 103.40 million, down from CNY 113.52 million year-on-year[31]. - The net cash flow from operating activities fell by 268.57%, resulting in a negative cash flow of CNY 153.04 million, primarily due to extended payment terms from customers and increased inventory[35]. - The company's total assets increased by 8.81% to CNY 2.20 billion, while net assets grew by 4.41% to CNY 2.02 billion[31]. - Basic earnings per share decreased by 31.54% to CNY 2.04, attributed to an increase in share capital and a slight decline in net profit[31]. - Research and development expenses accounted for 11.80% of revenue, up from 6.81% in the previous year, indicating a focus on product innovation[31]. - The company reported a non-recurring gain of 3,321,600.00 from government subsidies closely related to its normal business operations[36]. - The net profit attributable to shareholders, excluding share-based payment impacts, was 11,332.20, a slight decrease of 0.17% compared to the same period last year[38]. - The company achieved a 79.16% year-on-year growth in overseas business revenue, which accounted for 13.72% of total revenue in the first half of 2022[44]. Dividend and Share Capital - The company plans to distribute a cash dividend of 2.04 CNY per 10 shares, totaling approximately 10,346,922.23 CNY, which represents 10.01% of the net profit attributable to shareholders for the first half of 2022[6]. - The total share capital as of the announcement date is 50,720,207 shares, which is the basis for the dividend calculation[6]. - The total number of shares increased from 36,228,719 to 50,720,207, with a total increase of 14,491,488 shares[198]. - The total share capital increased from 36,228,719 shares to 50,720,207 shares, representing a 39.97% increase[200]. - A total of 14,491,488 shares were distributed to shareholders, with a conversion ratio of 4 shares for every 10 shares held[200]. Research and Development - The company is focusing on the development of System on Chip (SoC) technology, which integrates a complete system with embedded software[22]. - The company is advancing its research in Touch and Display Driver Integration (TDDI) technology, combining touch and display drivers into a single chip for next-generation display technology[22]. - The company is committed to enhancing its semiconductor packaging techniques, including Wafer Level Chip Scale Packaging (WLCSP) to improve efficiency[22]. - The company is investing in the development of advanced memory technologies, including Static Random-Access Memory (SRAM) and Flash memory solutions[22]. - R&D investment totaled ¥67,211,437.95, a 92.98% increase compared to the previous year, with R&D expenses accounting for 11.80% of revenue[74]. - The company has increased its R&D personnel from 101 to 173, representing 62.68% of the total workforce, up from 55.49% in the previous year[81]. - The company has achieved significant technological advancements in NOR Flash, with a focus on 55nm and 40nm process technologies, enhancing product performance and cost-effectiveness[82]. Market and Product Development - The company is focusing on expanding its product offerings in microcontrollers and analog chips, leveraging its technology advantages in non-volatile memory chips[44]. - The company's main products include NOR Flash and EEPROM, which are widely used in various applications such as smartphones and IoT devices[42]. - The company is actively pursuing a "Storage+" strategy to diversify into higher value-added markets[44]. - The company has established a strong brand recognition in the non-volatile memory chip sector, becoming a major supplier of NOR Flash and EEPROM in China[44]. - The company’s overseas market expansion includes partnerships with well-known clients in Japan, South Korea, and the United States[44]. - The company launched new products in the "Storage+" line, generating CNY 12.26 million in revenue during the first half of 2022[31]. Operational Risks and Compliance - The report indicates that the company has faced various operational risks, which are detailed in the management discussion and analysis section[4]. - The financial report has been confirmed as true, accurate, and complete by the company's responsible personnel, including the CEO and accounting head[5]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[8]. - There are no violations of decision-making procedures regarding external guarantees[8]. - The board of directors and supervisory board members have all attended the board meeting, ensuring governance compliance[5]. - The report is unaudited, which may affect the reliability of the financial data presented[5]. Environmental and Social Responsibility - The company has obtained ISO14001 environmental management system certification, ensuring effective execution of environmental protection internal control systems[129]. - All products comply with EU RoHS and REACH requirements, and the company commits to not using conflict minerals[129]. - The company promotes green office practices, including online meetings and paperless operations, to reduce waste generation[130]. - Measures to reduce carbon emissions include managing electricity usage and promoting energy-saving practices in office environments[130]. - The company actively recycles waste materials through qualified third-party organizations to reduce waste and promote resource recovery[129]. - The company encourages employees to use public transportation and adopt a healthy lifestyle to support low-carbon initiatives[132]. Shareholder Commitments and Governance - The company commits to maintaining the legitimate rights and interests of shareholders and will not engage in fraudulent issuance of shares[153]. - The company guarantees that all materials provided for the public offering are true, accurate, and complete, and assumes legal responsibility for any misrepresentation[154]. - The company will disclose any failure to fulfill commitments in a timely manner and apologize to shareholders and the public[145]. - The company will take appropriate measures to eliminate related party transactions when necessary[144]. - The controlling shareholder and actual controller commit not to interfere in the company's management activities or infringe on the company's interests[151].

Financial Performance - The company's operating revenue for Q1 2022 was ¥224,108,012.59, a decrease of 4.91% compared to the same period last year [8]. - Net profit attributable to shareholders was ¥41,517,801.42, representing an increase of 8.07% year-on-year [10]. - The net profit attributable to shareholders for Q1 2022, excluding the impact of share-based payments, was RMB 46,941,043.92, representing a year-on-year increase of 22.19% [22]. - Net profit for Q1 2022 reached ¥41,517,801.42, an increase of 8.4% from ¥38,416,633.69 in Q1 2021 [34]. - The company reported a basic earnings per share of ¥1.15, down from ¥1.41 in the previous year, indicating a decrease of 18.4% [34]. Profitability and Margins - The gross profit margin improved to 33.42%, an increase of 5.61 percentage points from the previous year, due to adjustments in product structure and increased sales of higher-margin products [10]. - The average selling price of products increased year-on-year, contributing to the improved gross profit margin [10]. Research and Development - R&D investment totaled ¥30,899,763.22, up 82.02% year-on-year, accounting for 13.79% of operating revenue, an increase of 6.58 percentage points [9]. - Research and development expenses rose significantly to ¥30,899,763.22, up 82.1% from ¥16,975,562.68 in the same period last year [30]. - The company’s R&D projects for new products are proceeding as planned under the Fabless business model, with normal order reception reported [22]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥78,827,178.41, a decline of 305.00% compared to the previous year, primarily due to slower customer payments and increased procurement expenses [15]. - In Q1 2022, the net cash flow from operating activities was -78,827,178.41, a decrease from 38,453,105.45 in Q1 2021 [38]. - Cash inflow from operating activities totaled 246,012,569.83, down from 259,019,480.54 in the same quarter last year [38]. - Cash outflow from operating activities increased to 324,839,748.24, compared to 220,566,375.09 in Q1 2021 [38]. - The cash and cash equivalents decreased to RMB 1,373,008,057.90 from RMB 1,463,060,518.27 at the end of 2021 [23]. - The total cash and cash equivalents decreased by 89,626,021.17 in Q1 2022, compared to an increase of 27,433,900.17 in Q1 2021 [39]. Assets and Liabilities - Total assets increased by 2.02% to ¥2,065,684,988.70 compared to the end of the previous year [9]. - Total liabilities decreased to ¥86,221,199.88 from ¥92,797,906.46, a reduction of approximately 7.2% [28]. - The company's equity increased to ¥1,979,463,788.82, compared to ¥1,931,920,162.40, reflecting a growth of about 2.5% [28]. - The total current assets amounted to RMB 1,960,470,317.98, compared to RMB 1,920,842,416.58 at the end of 2021, showing a slight increase [23]. - The total non-current assets amounted to ¥105,214,670.72, an increase from ¥103,875,652.28, showing a growth of approximately 1.3% [28]. Operational Challenges - The company faced challenges in logistics and demand due to the Spring Festival and pandemic-related restrictions, impacting shipment volumes [10]. - The company’s first-quarter performance was somewhat affected by logistics constraints due to the pandemic [22]. - The company is currently maintaining normal production operations despite the impact of COVID-19 lockdowns in Shanghai, with employees in Shenzhen and Suzhou continuing to commute normally [22]. Other Financial Activities - The company reported a non-recurring gain of ¥2,976,458.89, primarily from government subsidies and investment income from the disposal of financial assets [13]. - The company granted 280,000 restricted stock units to 112 incentive recipients, impacting the net profit by RMB 5,423,242.50 [22]. - The company experienced a foreign exchange loss of 233,367.84 in Q1 2022, contrasting with a gain of 5,417.69 in Q1 2021 [39]. - The company did not report any cash inflow from financing activities in Q1 2022, while it had outflows totaling 168,070.72 in Q1 2021 [39].

Financial Performance - As of December 31, 2021, the company's distributable profit amounted to CNY 335,748,917.91[5] - The proposed cash dividend is CNY 8.04 per 10 shares, totaling CNY 29,127,890.08, which represents 10.00% of the net profit attributable to shareholders for the year[5] - The total share capital as of December 31, 2021, was 36,228,719 shares[5] - The company has not yet achieved profitability since its listing[3] - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a year-over-year growth of 25%[16] - The company's operating revenue for 2021 was CNY 1,102,924,005.84, representing a year-on-year increase of 53.75%[24] - The net profit attributable to shareholders for 2021 was CNY 291,150,636.69, a significant increase of 238.39% compared to the previous year[24] - The net profit after deducting non-recurring gains and losses was CNY 273,110,636.40, reflecting a growth of 239.93% year-on-year[24] - The basic earnings per share for 2021 reached CNY 9.64, up 201.25% from CNY 3.20 in 2020[25] - The gross margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[16] - The company achieved a weighted average return on equity of 30.58% in 2021, an increase of 4.52 percentage points from the previous year[25] Research and Development - The company is investing 100 million CNY in R&D for new memory technologies, aiming to lead in the NAND Flash market[16] - Research and development expenses accounted for 8.30% of operating revenue in 2021, an increase of 1.89 percentage points from 2020[25] - The number of R&D and technical personnel increased by 37.36% compared to the previous year[40] - The total R&D investment for the year was approximately ¥91.49 million, a 99.01% increase from the previous year's ¥45.97 million, representing 8.30% of total revenue, up from 6.41%[101] - The company filed 20 new invention patent applications and obtained 4 new invention patents during the reporting period, bringing the total to 82 applications and 27 patents[98] Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2023[16] - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 20% to 1.44 billion CNY[16] - The company plans to continue optimizing its product and customer structure to enhance overall gross margin[26] - The company aims to enhance its non-volatile memory product line and achieve full coverage of automotive memory products, driving rapid business growth[180] - The company plans to develop a new generation of EEPROM with ultra-large capacity series supporting SPI/I2C interfaces and achieving ultra-low voltage support of 1.2V[181] Operational Efficiency - The company aims to reduce operational costs by 10% through process optimization and automation initiatives[16] - The company has implemented new operational strategies aimed at improving efficiency, which are projected to reduce costs by 5% over the next year[199] - The company is focusing on continuous technology innovation and talent investment to support new product development and leverage stock incentive mechanisms[102] Governance and Compliance - The audit report issued by Lixin Certified Public Accountants was a standard unqualified opinion[4] - The company has detailed the risks faced during operations and corresponding countermeasures in the report[3] - The company has established a comprehensive governance structure, ensuring clear responsibilities and effective coordination among its governing bodies[187] - The board of directors convened 14 meetings in 2021, adhering to established rules and regulations for decision-making[189] - The supervisory board held 11 meetings in 2021, effectively overseeing the company's operations and financial status[189] Risks and Challenges - The company faces significant competition in the NOR Flash market, with major players like Winbond, Macronix, and Cypress dominating the market[123] - The company is at risk of product quality issues, which could lead to returns and compensation liabilities, negatively affecting financial performance[127] - The company faces talent retention challenges in the competitive semiconductor industry, which could impact new product development and profitability[128] - The company is exposed to potential intellectual property risks, including malicious litigation and theft of proprietary technology[129] Product Development and Innovation - New product development includes the launch of a next-generation TDDI chip, expected to enhance display technology and drive sales growth[13] - The company has developed a prototype for a general-purpose MCU product line based on ARM M0+, which has completed development, tape-out, and testing verification[41] - The company has upgraded its EEPROM technology to 0.13um/1.01um²-shrink, enhancing performance and reliability, which has become a key revenue driver in the smartphone camera module sector[83] - The company has achieved mass production of EEPROM products using 95nm and below process technology, leading the industry in terms of process technology[52] Financial Position - The company's total assets at the end of 2021 were CNY 2,024,718,068.86, an increase of 327.85% compared to the end of 2020[24] - The cash flow from operating activities for 2021 was CNY 181,786,418.71, a recovery from a negative cash flow of CNY -49,149,994.61 in 2020[24] - The company’s fixed assets increased by 41.15% year-on-year, reaching 27,185,363.66 RMB, due to investments in fixed assets to support business growth[166] - The financing cash flow increased dramatically by 1401.24% to 1,244,458,350.11 RMB, mainly due to the proceeds from the initial public offering[162] Shareholder Engagement - The profit distribution plan has been approved by the board and is pending approval at the annual shareholders' meeting[6] - The board of directors has approved a share buyback program, intending to repurchase up to 100 million yuan worth of shares to enhance shareholder value[200] - The company has held three shareholder meetings in 2021, ensuring compliance with legal and regulatory requirements[188]

Revenue and Profit Growth - Revenue for Q3 2021 reached ¥312,046,992.55, an increase of 63.56% year-over-year, with year-to-date revenue at ¥823,666,890.49, up 77.63% compared to the same period last year[5] - Net profit attributable to shareholders for Q3 2021 was ¥109,217,931.41, a significant increase of 437.26% year-over-year, with year-to-date net profit at ¥222,733,427.50, up 373.66%[5] - The company's operating revenue for the first three quarters of 2021 reached ¥823.67 million, a significant increase of 77.6% compared to ¥463.69 million in the same period of 2020[38] - The net profit for the first three quarters of 2021 was ¥222.73 million, compared to ¥47.02 million in the same period of 2020, reflecting a growth of 373.5%[41] - The total profit for the first three quarters of 2021 was ¥214.81 million, compared to ¥50.93 million in 2020, reflecting a growth of 321.5%[38] Earnings Per Share - Basic and diluted earnings per share for Q3 2021 were both ¥3.62, reflecting a 382.67% increase compared to the same period last year[7] - Basic earnings per share for the current reporting period were 382.67, an increase compared to the same period last year[15] - The company reported a basic earnings per share of ¥7.90 for the first three quarters of 2021, compared to ¥1.75 in 2020, indicating a substantial increase[41] Research and Development - Research and development expenses totaled ¥24,472,406.53 in Q3 2021, representing 7.84% of revenue, an increase of 1.62 percentage points year-over-year[7] - The company plans to continue investing in R&D to support future growth and innovation in its product offerings[12] - The company's R&D investment for the current reporting period was 106.16 million, reflecting an increase in R&D projects and personnel[15] - Research and development expenses increased to ¥59.30 million in 2021, up 98.6% from ¥29.84 million in 2020[38] Cash Flow and Financial Position - The company reported a net cash flow from operating activities of ¥160,680,870.01 year-to-date[5] - The net cash flow from operating activities increased by 375.12% compared to the same period last year, primarily due to increased revenue and cash receipts[15] - The net cash flow from operating activities was ¥160.68 million in 2021, a turnaround from a negative cash flow of ¥58.40 million in 2020[47] - Cash and cash equivalents at the end of the third quarter of 2021 totaled ¥1.48 billion, up from ¥119.37 million at the end of the third quarter of 2020[47] Assets and Liabilities - Total assets as of the end of Q3 2021 amounted to ¥1,945,082,948.25, a 311.02% increase from the end of the previous year[7] - Total current assets reached 1,886,090,647.53 CNY as of September 30, 2021, compared to 440,516,321.04 CNY at the end of 2020[29] - The total liabilities amounted to 85,597,210.45 CNY as of September 30, 2021, compared to 82,021,839.82 CNY at the end of 2020[34] - Shareholders' equity attributable to the parent company reached ¥1,859,485,737.80, up 375.32% compared to the previous year[7] - Shareholders' equity increased to 1,859,485,737.80 CNY as of September 30, 2021, from 391,206,946.69 CNY at the end of 2020[34] Market Position and Strategy - The increase in revenue was primarily driven by strong demand in the consumer electronics and IoT markets, along with a rise in product prices due to cost increases and supply-demand dynamics[12] - The company has seen a continuous increase in its supply share among major customers, indicating a strengthening market position[12] - The company plans to continue enhancing product competitiveness through R&D and expanding its market presence[15] - The semiconductor industry remains robust, with average prices increasing at a rate higher than cost increases, supporting profit growth[15] Stock Incentive Plan - The company approved a stock incentive plan on October 11, 2021, granting 350,000 restricted shares, representing 0.97% of the total share capital of 36,228,719 shares[27] - The first grant of 280,000 restricted shares was made at a price of 44.67 CNY per share to 112 incentive recipients on October 27, 2021[27] Compliance and Accounting Standards - The company continues to comply with the accounting standards set forth by the Ministry of Finance regarding lease accounting[54] - The company adopted the new leasing standards effective January 1, 2021, impacting the measurement of lease liabilities and right-of-use assets[54]