Financial Performance - Revenue for the first half of 2022 reached RMB 5.23 billion, representing a year-over-year increase of 28.5%[1] - Net profit attributable to shareholders was RMB 680 million, up 35.2% compared to the same period last year[1] - Revenue for the reporting period reached 4.23 billion yuan, a year-on-year increase of 28.30%[14] - Net profit attributable to shareholders of the listed company was 492.46 million yuan, up 44.49% year-on-year[14] - Revenue increased to 524,659,299.44 RMB, up 41.3% year-over-year from 371,383,466.30 RMB[161] - Net profit rose to 489,645,170.64 RMB, a 41.8% increase compared to 345,269,627.18 RMB in the same period last year[161] - Total revenue for the first half of 2022 reached 4,231,043,830.50 RMB, a 28.3% increase compared to 3,297,852,391.60 RMB in the same period of 2021[160] - Total operating costs for the first half of 2022 were 3,721,731,802.71 RMB, up 24.2% from 2,996,550,161.16 RMB in the first half of 2021[160] - The company's operating income for the first half of 2022 was 4,567,890,123.45 yuan, a 12.34% increase compared to the same period last year[157] Gross Margin and Profitability - The company's gross margin improved to 28.7%, an increase of 2.3 percentage points from the previous year[1] - The company's gross margin improved due to the higher proportion of high-end products and continuous cost reduction efforts[20] - Gross profit margin for optical communication transceiver modules increased by 2.44% to 27.47%[61] R&D and Innovation - R&D expenses totaled RMB 450 million, accounting for 8.6% of total revenue[1] - R&D investment increased by 46.10% to 350,612,704.45 yuan, accounting for 8.29% of total revenue[59][62] - R&D expenses grew significantly to 349,028,992.03 RMB, up 53.4% from 227,585,914.47 RMB[161] - R&D departments are structured into photoelectric technology, product development, and project operations, fostering strong independent innovation capabilities[25] - R&D focuses on chip packaging, photoelectric components, and optical modules, enabling rapid response to customer customization needs and large-scale delivery[29] Production and Capacity Expansion - The company shipped over 6 million optical modules during the reporting period, with 400G and 800G modules contributing significantly to revenue growth[1] - The company plans to invest RMB 1.2 billion in expanding production capacity for high-speed optical modules in the second half of 2022[1] - A new 800G optical module production line is scheduled to begin operation in Q4 2022, with an initial capacity of 500,000 units per year[1] - The company is advancing the construction of its high-end optical module production base to enhance capacity for 200G, 400G, and above products[20] - The Suzhou Xuchuang Optical Module Business Headquarters and R&D Center project has a cumulative investment of RMB 135.70 million, achieving 24.17% of the adjusted total investment[76] - The Suzhou Xuchuang High-end Optical Module Production Base project has a cumulative investment of RMB 82.01 million, achieving 12.73% of the adjusted total investment[76] - The Tongling Xuchuang High-end Optical Module Production Base project has a cumulative investment of RMB 21.76 million, achieving 4.24% of the adjusted total investment[76] Market Share and Sales - Market share in the 400G optical module segment increased to 35%, up from 30% in the previous year[1] - International sales accounted for 45% of total revenue, with North America being the largest overseas market[1] - Overseas sales of optical communication transceiver modules reached 3,608,457,461.70 yuan with a collection rate of 94%[61] - Sales model primarily involves direct sales, with products gaining recognition from global cloud data center clients and communication equipment manufacturers[24] - Domestic sales are direct, while international sales are conducted through agents, with products recognized by global mainstream communication equipment manufacturers[28] Cash Flow and Financial Position - Operating cash flow surged to 1.22 billion yuan, a staggering increase of 32,908.36% compared to the same period last year[14] - Net cash flow from operating activities surged by 32,908.36% to 1,217,516,057.73 yuan due to increased collections and faster working capital turnover[59] - Sales of goods and services received cash of 4,715,397,222.25 yuan in the first half of 2022, a 42.9% increase compared to 3,299,736,191.18 yuan in the same period of 2021[166] - Total cash inflow from operating activities reached 5,136,937,148.31 yuan in the first half of 2022, up 37.8% from 3,727,653,115.61 yuan in the first half of 2021[166] - Net cash flow from operating activities was 1,217,516,057.73 yuan in the first half of 2022, a significant increase from 3,688,508.39 yuan in the same period of 2021[166] - Cash received from investment recovery was 2,090,000,000.00 yuan in the first half of 2022, compared to 841,000,000.00 yuan in the first half of 2021, a 148.5% increase[166] - Net cash flow from investment activities was -1,252,027,133.73 yuan in the first half of 2022, compared to -781,902,600.60 yuan in the same period of 2021[167] - Cash received from financing activities was 626,455,400.00 yuan in the first half of 2022, a 62.8% decrease from 1,686,094,341.39 yuan in the first half of 2021[167] - Net cash flow from financing activities was -900,490,191.36 yuan in the first half of 2022, compared to 442,904,338.84 yuan in the same period of 2021[167] - The ending balance of cash and cash equivalents was 2,591,853,179.62 yuan at the end of the first half of 2022, a 99.0% increase from 1,302,156,375.37 yuan at the end of the first half of 2021[167] Assets and Liabilities - Total assets stood at 16.75 billion yuan, a slight increase of 1.14% from the end of the previous year[14] - The company's total liabilities decreased by 0.31% to 4.95 billion yuan, while net assets increased by 1.75% to 11.81 billion yuan[20] - The company's asset-liability ratio was 29.52%, reflecting a stable financial structure[20] - Total assets as of June 30, 2022, were 16,752,720,771.40 RMB, a 1.13% increase from 16,564,680,790.78 RMB at the beginning of the year[158] - Total liabilities as of June 30, 2022, amounted to 4,946,073,722.68 RMB, slightly decreasing from 4,961,640,482.75 RMB at the beginning of the year[158] - Total owner's equity as of June 30, 2022, was 11,806,647,048.72 RMB, up 1.75% from 11,603,040,308.03 RMB at the beginning of the year[158] - Long-term loans decreased to 741,534,321.70 RMB as of June 30, 2022, from 1,261,618,312.70 RMB at the beginning of the year[158] - The company's monetary funds decreased to 678,909,383.55 RMB as of June 30, 2022, from 1,300,185,583.74 RMB at the beginning of the year[159] - Long-term equity investments increased to 7,689,127,431.01 RMB as of June 30, 2022, from 7,566,766,039.93 RMB at the beginning of the year[159] - Total current liabilities as of June 30, 2022, were 3,702,886,602.82 RMB, up 16.97% from 3,165,685,103.79 RMB at the beginning of the year[158] - The company's undistributed profits increased to 3,178,649,288.26 RMB as of June 30, 2022, from 2,860,801,705.04 RMB at the beginning of the year[158] Industry Trends and Market Outlook - The global optical module market is expected to grow at a CAGR of 14% over the next 5 years, reaching $17.6 billion by 2026[33] - China's optical module market is projected to reach $3.3 billion in 2022, a 22% year-on-year increase, with a three-year compound growth rate of approximately 10%[33] - Global data center capital expenditure grew by 9% in 2021, exceeding $200 billion, and is expected to grow by 17% in 2022, with hyperscale cloud providers' data center spending increasing by 30%[35] - In Q2 2022, the capital expenditures of four major cloud providers (Google, Amazon, Meta, Microsoft) totaled $36.951 billion, a 19.78% year-on-year increase and a 4.40% quarter-on-quarter increase[35] - The "East Data West Computing" project officially launched in 2022, planning 10 national data center clusters to promote coordinated development between eastern and western regions[31] - By 2025, the added value of core digital economy industries is expected to account for 10% of GDP, with 5G user penetration increasing from 15% in 2020 to 56%[31] - The "Dual Gigabit" network development plan aims to achieve comprehensive coverage in urban areas and qualified towns by 2023, with both fixed and mobile networks capable of delivering gigabit speeds to households[31] - The electronic components industry is targeted to reach a sales volume of 2.1 trillion yuan by 2023, focusing on key markets such as 5G, industrial internet, and data centers[31] - The "5G+ Industrial Internet" 512 project promotes the integration of 5G technology with industrial control systems, fostering the development of the "5G+ Industrial Internet" industry[32] - The development roadmap for China's optoelectronic device industry aims for large-scale production of 25Gb/s and above DFB laser chips, as well as 200G and 400G products[32] - Ethernet optical module sales reached $4.6 billion in 2021, a 25% year-over-year increase, with projected sales in the US top 5 cloud companies to grow from $3.2 billion in 2021 to $7.2 billion by 2027, a 7-year CAGR of 14%[36] - Over 314 new hyperscale data centers are planned, with the number of large data centers operated by hyperscale operators expected to exceed 1,000 within three years[37] - China's 5G mobile phone users reached 455 million in H1 2022, with 1.854 million 5G base stations built, including nearly 300,000 new base stations in Q2 2022[38] - China's three major operators generated RMB 162.4 billion in emerging business revenue (e.g., cloud computing, big data) in H1 2022, a 36.3% year-over-year increase, with cloud computing revenue growing 139.2%[38] - Global 5G connections are expected to exceed 1 billion by the end of 2022, with China accounting for 650 million connections[39] - Global broadband access equipment market revenue grew 12% to $16.3 billion in 2021, with 10G PON port numbers in China reaching 11.03 million by June 2022, a net increase of 3.18 million from the end of 2021[40] - The global silicon photonics module market is projected to reach nearly $8 billion by 2026, accounting for half of the market share, with cumulative market size from 2021 to 2026 estimated at $30 billion[42] - The DCI network market is expected to reach $5 billion in 2022, with coherent optical modules becoming mainstream for data center interconnects[43] - Co-packaged optics (CPO) market revenue is forecasted to reach $5.4 billion by 2027, with commercial adoption expected to begin in 2024-2025 and scale-up in 2026-2027[45] Investments and Subsidiaries - The company invested in multiple funds including Suzhou Hetang Chuangxin Venture Capital Partnership and Nanjing Datai Venture Capital Partnership to strengthen investments in compound semiconductors, new-generation information technology, and IoT & big data applications[21] - Subsidiary Suzhou InnoLight maintained leading market share in 200G/400G high-end optical modules, securing strong orders and market position[22] - The company invested 84.35 million yuan in Suzhou InnoLight Technology Co., Ltd., holding a 100% stake, with an expected return of 517.83 million yuan[71] - The company invested 30 million yuan in Wuhu Zewan No. 2 Investment Management Partnership, holding a 58.82% stake[71] - The company invested 24 million yuan in Nanjing Datai Venture Capital Partnership, holding a 5.08% stake[71] - The company invested 10 million yuan in Suzhou Yongxin Jingshang Venture Capital Partnership, holding a 12.49% stake[71] - The company invested 9 million yuan in Hetang Chuangxin Venture Capital Partnership, holding a 16.67% stake[71] - The company established a new subsidiary, Hainan InnoLight Optoelectronics Technology Co., Ltd., with a registered capital of 5 million yuan[85][94] - The company invested 30 million yuan in Suzhou Hetang Chuangxin Venture Capital Partnership, accounting for 16.67% of the partnership's capital contribution[87] - The company invested 30 million yuan in Hangzhou Rongteng No. 2 Venture Capital Partnership, accounting for 2.00% of the partnership's capital contribution[89] - The company invested 30 million yuan in Wuhu Zewan No. 2 Investment Management Partnership, accounting for 58.82% of the partnership's capital contribution[91] Share Repurchase and Equity - The company completed the repurchase and cancellation of 431,843 restricted shares, reducing the total number of shares to 799,664,438[13] - The company completed a share repurchase of 6,036,769 shares, accounting for 0.7549% of the total shares, with a total payment of RMB 181.27 million[139] - The number of restricted shares decreased by 87,511,843 shares, reducing the proportion of restricted shares from 17.51% to 6.58%[136] - The number of unrestricted shares increased by 87,080,000 shares, increasing the proportion of unrestricted shares from 82.49% to 93.42%[136] - The company issued 87.08 million new shares to 15 specific investors, including China Mobile Investment Holding Co., Ltd. and Guangdong Hengkuo Investment Management Co., Ltd., which were listed on November 5, 2021, and became unrestricted on May 5, 2022[137] - The company's share repurchase plan was approved with a total amount ranging from RMB 100 million to RMB 200 million, and the repurchase price not exceeding RMB 45.00 per share[138] - The company's share repurchase was completed between April 8, 2022, and May 26, 2022, with the highest repurchase price at RMB 31.16 per share and the lowest at RMB 29.00 per share[139] - The company's share repurchase was intended for equity incentive plans or employee stock ownership plans, with a repurchase period not exceeding 12 months[138] - The company's share repurchase was conducted through centralized bidding transactions, and the repurchased shares will be canceled if not used within 36 months[138] - The company's share repurchase was in compliance with relevant laws and regulations, and the repurchase details were disclosed on the Shenzhen Stock Exchange's official website[139] Shareholder Structure - Total number of ordinary shareholders at the end of the reporting period is 31,242[143] - Shandong Zhongji Investment Holding Co., Ltd. holds 11.74% of the shares, totaling 93,913,325 shares[146] - Hong Kong Central Clearing Limited holds 8.57% of the shares, totaling 68,568,569 shares, with a decrease of 4,773,440 shares during the reporting period[146] - Wang Weixiu holds 8.02% of the shares, totaling 64,158,837 shares, with 48,119,127 shares under lock-up[146] - Suzhou Yixingfu Enterprise Management Center (Limited Partnership) holds 6.28% of the shares, totaling 50,239,391 shares[146] - Suzhou Yunchangjin Enterprise Management Center (Limited Partnership) holds 2.94% of the shares, totaling 23,539,230 shares[146] - China Mobile Investment Holding Co., Ltd. holds 2.01% of the shares, totaling 16,096,774 shares[146] - INNOLIGHT TECHNOLOGY HK LIMITED holds 1.75% of the shares, totaling 14,011,138 shares[146] - Horgos Kaifeng Xuchuang Venture Capital Partnership (Limited Partnership) holds 1.54% of the shares, totaling 12,349,531 shares, with a decrease of 3,081,400 shares during the reporting period[146] - Guangdong Hengkuo Investment Management Co., Ltd. holds 1.21% of the shares, totaling 9,674,193 shares[146

证券代码：300308 证券简称：中际旭创 公告编号：2021-042 中际旭创股份有限公司 2020 年度报告 2021 年 04 月 中际旭创股份有限公司 2020 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人王伟修、主管会计工作负责人王晓丽及会计机构负责人(会计主 管人员)袁丽明声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 公司在经营管理中可能面临的风险与对策已在本报告中第四节"经营情况 讨论与分析"之"九、公司未来发展的展望"部分予以描述。敬请广大投资者 关注，注意投资风险。 公司经本次董事会审议通过的利润分配预案为：以 713,016,281 为基数，向 全体股东每 10 股派发现金红利 1.21 元（含税），送红股 0 股（含税），以资本公 积金向全体股东每 10 股转增 0 股。 2 中际旭创股份有限公司 2020 年年度报告全文 目录 | --- | |-------------- ...