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麦捷科技(300319) - 2021 Q3 - 季度财报
2021-10-25 16:00
Financial Performance - The company's revenue for Q3 2021 was ¥825,212,089.27, representing a 14.60% increase year-over-year, and a total revenue of ¥2,473,766,966.24 for the year-to-date, up 55.06% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was ¥92,245,396.96, a significant increase of 192.67% year-over-year, with a year-to-date net profit of ¥231,306,174.49, up 225.44%[4]. - The basic earnings per share for Q3 2021 was ¥0.1092, reflecting a 141.59% increase compared to the same period last year, with a year-to-date figure of ¥0.3089, up 202.84%[4]. - Total operating revenue for the period reached CNY 2,473,766,966.24, a significant increase from CNY 1,595,356,053.74 in the previous period, representing a growth of approximately 55%[45]. - The net profit for the current period is approximately ¥239.76 million, a significant increase from ¥81.91 million in the previous period, representing a growth of 192.5%[48]. - The operating profit reached ¥279.40 million, compared to ¥100.21 million in the same period last year, indicating a year-over-year increase of 178.5%[48]. - The total comprehensive income for the current period is approximately ¥239.77 million, up from ¥81.91 million, reflecting a growth of 192.5%[51]. - Basic and diluted earnings per share are both ¥0.3089, compared to ¥0.1020 in the previous period, marking an increase of 202.9%[51]. Assets and Liabilities - Total assets at the end of Q3 2021 reached ¥5,665,320,800.07, a 47.20% increase from the end of the previous year[4]. - The company's total assets increased to CNY 5,665,320,800.07 from CNY 3,848,771,147.88, marking a growth of about 47%[44]. - The total liabilities rose to CNY 1,922,834,757.30, up from CNY 1,682,406,199.38, which is an increase of approximately 14.3%[44]. - The company's total liabilities increased to CNY 1,746,257,754.75 from CNY 1,682,406,199.38[64]. - The company's equity totaled CNY 2,166,364,948.50, unchanged from the previous reporting period[64]. Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥497,007,003.80, an increase of 85.56% compared to the same period last year[4]. - Cash flow from operating activities generated a net amount of ¥497.01 million, compared to ¥267.84 million in the previous period, an increase of 85.5%[55]. - Cash inflow from operating activities totaled approximately ¥2.07 billion, up from ¥1.33 billion, representing a growth of 55.7%[52]. - Cash outflow for operating activities was approximately ¥1.57 billion, compared to ¥1.06 billion in the previous period, an increase of 48.3%[55]. - The company reported cash and cash equivalents at the end of the period amounting to approximately ¥1.38 billion, compared to ¥399.47 million at the end of the previous period, a significant increase of 245.5%[55]. - The financing activities generated a net cash flow of approximately ¥967.20 million, compared to ¥104.44 million in the previous period, reflecting an increase of 826.5%[55]. Investments and Expenses - Research and development expenses increased by 71.14% year-over-year, amounting to an increase of ¥45,712,597.13, due to higher personnel costs and increased material usage for R&D projects[11]. - The company reported a significant increase in cash received from sales, totaling an increase of ¥692,946,720.13, or 54.61% year-over-year, attributed to higher sales volume[12]. - The company’s investment cash outflow increased by 358.55% year-over-year, totaling ¥121,980,000.00, primarily due to increased investments in Huixin Communications and structured deposits[12]. - The company has made investments totaling approximately ¥650.17 million during the current period, compared to ¥274.65 million in the previous period, indicating a substantial increase of 136.3%[54]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 40,375[17]. - Shenzhen Yuan Zhi Fu Hai Electronic Information Investment Enterprise (Limited Partnership) holds 21.53% of shares, totaling 183,818,073 shares[17]. - Shenzhen Te Fa Group Co., Ltd. holds 8.43% of shares, totaling 72,000,000 shares, all of which are subject to restrictions[17]. - Zhang Meirong holds 5.10% of shares, totaling 43,536,902 shares, with 32,652,676 shares pledged[17]. - The company has issued restricted shares totaling 72,000,000 to Shenzhen Te Fa Group, with the release date set for January 16, 2023[21]. - The company has also issued restricted shares totaling 3,529,412 to various funds, with the same release date[21]. - The total number of shares held by the top ten shareholders includes significant stakes from various investment funds and individuals[17]. - The company has not disclosed any known relationships among the top ten shareholders[20]. - The report indicates that the company is actively managing its shareholder structure and addressing potential restrictions on share trading[21]. - The company is focused on maintaining transparency regarding its shareholder equity and any changes in shareholding status[20]. Miscellaneous - As of September 30, 2021, the company's cash and cash equivalents amounted to ¥1,375,844,257.88, an increase from ¥542,870,521.57 on December 31, 2020[35]. - The accounts receivable reached ¥977,376,040.68, up from ¥715,650,543.19 in the previous year[35]. - The company approved a plan to replace self-raised funds with raised funds totaling ¥288,274,649.55 for investment projects[34]. - The company has not yet convened a shareholders' meeting to review the 2021 restricted stock incentive plan[34]. - The total amount of restricted stock for executives is 37,558,126 shares, with a lock-up period allowing transfer of no more than 25% per year[32]. - The company issued a total of ¥39,529,415 in a private equity investment fund[30]. - The company has a total of ¥145,181,781.62 in trading financial assets as of September 30, 2021[35]. - The company reported a significant increase in accounts receivable financing, totaling ¥18,198,289.77[35]. - The company has issued multiple single asset management plans, with amounts ranging from ¥117,647 to ¥8,705,882[29]. - The company has a total of 195,205,184 shares under various stock incentive plans and lock-up agreements[32]. - The company has implemented new leasing standards starting from 2021, affecting the financial statements[58]. - The third quarter report for 2021 was not audited[65].
麦捷科技(300319) - 2021 Q2 - 季度财报
2021-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2021 was approximately ¥1.65 billion, representing an increase of 88.34% compared to the same period last year[28]. - The net profit attributable to shareholders of the listed company reached approximately ¥139.06 million, a significant increase of 251.56% year-on-year[28]. - The net profit after deducting non-recurring gains and losses was approximately ¥114.45 million, reflecting a growth of 303.52% compared to the previous year[28]. - The basic earnings per share for the reporting period was ¥0.1997, up 252.20% from ¥0.0567 in the same period last year[28]. - The total assets of the company at the end of the reporting period were approximately ¥5.59 billion, an increase of 45.25% compared to the end of the previous year[28]. - The net assets attributable to shareholders of the listed company were approximately ¥3.57 billion, which is a 70.30% increase from the previous year[28]. - The company reported a total sales revenue of ¥1,648,554,876.97, an increase of 88.34% year-on-year[68]. - Net profit attributable to shareholders was ¥139,060,777.53, up 251.56% compared to the previous year[68]. - The main business unit achieved sales revenue of ¥536,603,794.23, a year-on-year increase of 84.16%[68]. Cash Flow and Investments - The company reported a net cash flow from operating activities of approximately ¥206.50 million, a decrease of 10.01% compared to the same period last year[28]. - Net cash flow from investing activities worsened by 138.06% to -¥265,649,764.47, mainly due to increased capital expenditures on fixed assets[80]. - Net cash flow from financing activities skyrocketed by 1,275.70% to ¥1,112,858,733.06, primarily from funds raised through a private placement of shares[80]. - The net increase in cash and cash equivalents reached ¥1,054,541,524.64, reflecting a 429.30% increase due to the aforementioned fundraising[80]. - The company raised ¥1.34 billion through a stock issuance to support stable operations and ongoing development[73]. Business Segments and Market Position - The main business segments include electronic components and LCM liquid crystal display modules, focusing on 5G applications and new energy vehicles[38]. - The company has established itself as a leader in the industry with key products like integrated inductors and RF filters, which are widely used across various applications[38]. - The LCM module business, primarily operated by a wholly-owned subsidiary, serves global markets including smart speakers and automotive displays, despite having lower profit margins compared to other segments[44]. - The company’s products are essential in various sectors, including consumer electronics, communication, and IoT devices, highlighting its market relevance[49]. - The company has become a major player in the inductor industry, particularly in the integrated inductor segment, with leading design processes and mass production capabilities[53]. - The RF front-end market is experiencing rapid growth, with the company significantly improving product quality and shipment scale since entering the filter industry[54]. - The liquid crystal display module market has rebounded, with the company achieving rapid revenue growth and leading position in the mid-size LCM module sector[55]. Research and Development - The company has a robust R&D model that follows a standard APQP process to ensure product quality and performance optimization[46]. - R&D investments focused on core materials such as ceramic, piezoelectric, alloy, and ferrite materials, enhancing product quality standards[69]. - The company established RF product design and magnetic device process platforms to address production challenges and accelerate product validation[69]. - The company plans to enhance its R&D capabilities by establishing multiple centers focused on materials development, circuit design, and intelligent equipment upgrades to mitigate product market risks[128]. - The company aims to accelerate the development of RF acoustic wave filters and LTCC filters to align with trends in smart devices and IoT, indicating a strategic focus on emerging markets[131]. Risk Management - The company has identified potential risk factors in its future development strategy, which investors should be aware of[7]. - The company has identified risks related to external environmental changes, including the ongoing impacts of the COVID-19 pandemic and international trade tensions, which could affect supply chain stability[127]. - The company has outlined potential risks associated with fundraising projects, including project delays and market changes that could impact the feasibility of investment initiatives[134]. - The company is actively seeking vertical integration opportunities within the supply chain to reduce risks associated with market competition and external economic factors[131]. Corporate Governance and Compliance - The company has established a robust governance structure to ensure the protection of shareholder and creditor rights, adhering to legal requirements for information disclosure[160]. - The company emphasizes employee rights protection, implementing labor laws and providing comprehensive benefits including social insurance and health check-ups[161]. - The company maintains a high standard of quality management, ensuring consumer protection and establishing strategic partnerships with suppliers and customers[162]. - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[166]. - The company reported no violations regarding external guarantees during the reporting period[167]. Future Outlook and Strategic Plans - The company plans to expand its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2022[141]. - The company is investing RMB 50 million in new product development, focusing on advanced semiconductor technologies[141]. - The company has set a performance guidance for the second half of 2021, expecting a revenue growth of 20% compared to the first half[141]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach[141]. Subsidiary Performance - Subsidiary Xingyuan Electronics achieved revenue of ¥927 million, a year-on-year increase of 135.43%[74]. - Subsidiary Jinzhi Chuan reported revenue of ¥187 million, up 15.26% year-on-year, despite external challenges[75]. - The subsidiary Xingyuan Electronics (Shenzhen) Co., Ltd. reported a net profit of ¥13,386,223.40, contributing significantly to the company's overall performance[122]. - Chengdu Jinzhi Chuan Electronics Co., Ltd. achieved a net profit of ¥18,497,449.92, indicating strong operational results in the production and sales of electronic components[126].
麦捷科技(300319) - 2020 Q4 - 年度财报
2021-06-08 16:00
Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[19]. - The company's operating revenue for 2020 was ¥2,329,193,999.76, representing a 28.14% increase compared to ¥1,817,743,896.60 in 2019[25]. - The net profit attributable to shareholders for 2020 was ¥35,676,095.80, a decrease of 20.88% from ¥45,090,952.43 in 2019[25]. - The net cash flow from operating activities increased by 57.83% to ¥379,306,171.68 from ¥240,321,573.97 in 2019[25]. - The total cash dividend amount for 2020 was 0.00 yuan, representing 0.00% of the net profit attributable to shareholders[187]. - The company reported a net profit attributable to shareholders of 35,676,095.80 yuan for the year 2020[185]. Revenue Growth and Market Strategy - Future guidance indicates a revenue target of RMB 1.5 billion for 2021, reflecting a growth rate of 25%[19]. - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share in that region by 2022[19]. - The company has identified significant growth opportunities in 5G, artificial intelligence, and the Internet of Things, positioning itself as a key player in the high-end electronic components market[84]. - The company is focusing on expanding its market presence and enhancing product innovation capabilities to improve competitiveness and market share[117]. - The company is actively expanding its customer base and market depth in response to the accelerating trend of domestic electronic component localization[65]. Research and Development - The company plans to invest 20% of its revenue into research and development for new technologies and products in the upcoming year[19]. - The company’s R&D strategy focuses on key customers and technologies, with a structured process that includes market feedback and project initiation to optimize product development and reduce cycle times[58]. - The company has been awarded 93 patents, including 26 invention patents, showcasing its strong focus on technology innovation[71]. - The company aims to increase its R&D investment, particularly in key products like integrated inductors and LTCC filters, to drive innovation and efficiency[91]. - The company has established a specialized R&D team to quickly respond to market demands and enhance product design capabilities[78]. Product Development and Market Trends - The company is focusing on the development of RF components, magnetic components, and new materials, particularly for 5G applications and automotive electronics[87]. - The company is focusing on the development of new products such as 5G LTCC RF filters and precision wire-wound inductors, which are entering mass production[111]. - The company is expected to benefit from the ongoing 5G construction and domestic substitution trends, leading to increased market demand for high-precision and high-performance RF components[51]. - The company has successfully mass-produced LTCC filters and SAW filters, which are now being supplied to mainstream customers, indicating a potential for continued sales growth in the RF component market[56]. - The company is focused on developing high-performance electronic components for IoT applications, emphasizing miniaturization and high reliability[161]. Financial Management and Investments - The company has initiated a stock issuance to raise up to 1.34 billion yuan for expanding production capacity and enhancing R&D capabilities[82]. - The company has increased its fixed assets by ¥256,002,967.8, representing a 28.26% increase, primarily due to the transfer of construction projects to usable status and increased equipment procurement[68]. - The company’s intangible assets decreased by ¥9,520,888.5, a 10.17% decline, due to the disposal of a subsidiary, highlighting a strategic shift[68]. - The company has confirmed a goodwill of CNY 577 million after the acquisition of Xingyuan Electronics in August 2015, with subsequent impairments of CNY 395 million in 2017 and CNY 31.59 million and CNY 50.32 million in 2019 and 2020 respectively due to underperformance and external economic factors[167]. - The company has undertaken to notify the listed company of any potential competitive opportunities that may arise in the future[194]. Operational Efficiency and Challenges - The company has seen a significant increase in cash flow from operating activities, indicating improved operational efficiency[25]. - The company reported that the revenue progress is behind expectations due to a lengthy customer certification process for its RF components, which are core components in mobile phones[136]. - The production and processing technology of the RF devices is a special branch of IC, resulting in a longer investment construction period compared to passive components[136]. - The company is actively seeking to mitigate risks from external environmental changes, including the impact of the COVID-19 pandemic and trade tensions[164]. - The company has identified risks related to inventory impairment, with a potential decrease in the net realizable value of inventory due to changes in customer demand or market conditions, which could lead to inventory write-downs[169]. Corporate Governance and Compliance - The company has committed to maintaining the independence of its operations, ensuring that key management personnel are exclusively employed by the listed company and do not hold operational roles in the parent company[188]. - The company guarantees the independence of its assets, ensuring no unauthorized use of the listed company's resources by the parent company[191]. - The company has established an independent financial department and accounting system, ensuring compliance with independent tax obligations[191]. - The company has pledged to avoid any substantial competition with its parent company and its subsidiaries, ensuring no direct or indirect engagement in similar business activities[194]. - The company has a long-term commitment to uphold its promises regarding independence and compliance, with no violations reported to date[194].
麦捷科技(300319) - 2021 Q1 - 季度财报
2021-04-26 16:00
Financial Performance - The company's revenue for Q1 2021 reached ¥670,568,253.73, representing a 100.17% increase compared to ¥335,005,388.61 in the same period last year[8]. - Net profit attributable to shareholders was ¥66,227,595.44, a significant increase of 323.77% from ¥15,628,169.73 year-over-year[8]. - The net profit after deducting non-recurring gains and losses was ¥51,410,873.33, up 336.81% from ¥11,769,516.19 in the previous year[8]. - Basic earnings per share rose to ¥0.0952, reflecting a 325.00% increase compared to ¥0.0224 in the same period last year[8]. - Operating revenue increased by CNY 335,562,865.12, a growth of 100.17% year-on-year, attributed to increased product sales and a low base from the previous year due to the pandemic[23]. - The total profit increased by CNY 59,293,272.30, a growth of 302.00%, driven by higher sales and total profit[23]. - The net profit for the first quarter of 2021 was CNY 180,930,989.91, compared to CNY 114,703,394.47 in the same period last year, indicating a year-over-year increase of approximately 57.6%[71]. - The net profit for the current period is CNY 53,878,254.24, up from CNY 15,568,499.38 in the previous period, indicating a growth of about 246.5%[94]. Assets and Liabilities - The company's total assets increased by 7.33% to ¥4,131,049,067.88 from ¥3,848,771,147.88 at the end of the previous year[8]. - Total liabilities reached CNY 1,892,283,229.77, compared to CNY 1,682,406,199.38, showing an increase of around 12.45%[68]. - The company's equity attributable to shareholders was CNY 2,162,176,926.00, up from CNY 2,094,388,833.81, reflecting a growth of about 3.24%[71]. - The company's current assets totaled CNY 2,034,261,927.27, up from CNY 1,948,837,038.43, indicating an increase of about 4.39%[62]. - Total assets rose to CNY 3,163,364,804.10, up from CNY 3,076,995,881.26, demonstrating overall growth in the company's financial position[78]. - Total current liabilities were CNY 978,492,682.04, with accounts payable at CNY 245,242,943.73[114]. Cash Flow - The net cash flow from operating activities was ¥116,937,642.62, down 37.61% from ¥187,444,041.92 in the same period last year[8]. - The net cash flow from operating activities decreased by CNY 70,506,399.30, a decline of 37.61%, mainly due to increased procurement costs and rising raw material prices[26]. - The cash flow from operating activities for the current period is CNY 116,937,642.62, down from CNY 187,444,041.92 in the previous period, showing a decrease of about 37.5%[95]. - The net cash flow from financing activities decreased by CNY 136,676,938.76, a reduction of 476.10%, primarily due to increased repayments compared to the previous period[26]. - The cash inflow from operating activities totaled CNY 643,381,771.06, compared to CNY 431,738,683.49 in the previous period, indicating an increase of approximately 48.9%[95]. Research and Development - Research and development expenses increased by CNY 17,981,687.14, a rise of 120.20%, due to higher R&D payroll and increased material usage for new projects[23]. - Research and development expenses for the current period amount to CNY 13,211,354.94, compared to CNY 7,243,067.54 in the previous period, which is an increase of approximately 82.5%[88]. - The company is focused on expanding its market presence and enhancing product development, as indicated by the increase in R&D spending[81]. Strategic Initiatives - The company is focusing on internal management efficiency improvements and automation investments to enhance operational efficiency and competitiveness[27]. - The company plans to continue promoting its annual business plan and "14th Five-Year" strategic planning to drive innovation and expand sales channels[31]. - The company aims to mitigate risks from external economic changes by seeking new cooperation opportunities and cultivating new profit growth points[34]. - The company is actively integrating resources with Xingyuan Electronics to improve competitiveness and mitigate risks associated with market changes[37]. Inventory and Procurement - The company reported a significant increase in accounts payable, which rose to CNY 620,432,640.07 from CNY 546,718,096.69, representing an increase of about 13.4%[68]. - The company has adjusted the investment amounts for the "LTCC-based terminal RF SAW filter" and "MPIM small-sized inductor production projects" due to changes in project implementation locations and management efficiency[49]. - The company reported a risk of inventory impairment due to potential market demand fluctuations, which could lead to excess inventory and reduced net realizable value[40]. Fundraising and Investments - The company plans to raise up to CNY 1.34 billion through a private placement to fund projects including the expansion of high-end small-sized inductors and RF filter production, as well as the establishment of a research and development center[41]. - The company has received approval from the China Securities Regulatory Commission for its private placement plan, allowing it to proceed with fundraising activities[42]. - The cumulative investment in fundraising projects reached 74,732.25 million, with a total of 1,135.17 million invested in the current quarter[47].
麦捷科技(300319) - 2020 Q4 - 年度财报
2021-04-13 16:00
Financial Performance - The company reported a total revenue of RMB 1.2 billion for the year 2020, representing a year-on-year increase of 15%[19] - The net profit attributable to shareholders was RMB 200 million, an increase of 10% compared to the previous year[19] - The company's operating revenue for 2020 was ¥2,329,193,999.76, representing a 28.14% increase compared to ¥1,817,743,896.60 in 2019[25] - The net profit attributable to shareholders for 2020 was ¥35,676,095.80, a decrease of 20.88% from ¥45,090,952.43 in 2019[25] - The net cash flow from operating activities increased by 57.83% to ¥379,306,171.68 from ¥240,321,573.97 in 2019[25] - The company's total revenue for 2020 was approximately ¥2.33 billion, representing a year-on-year increase of 28.14% compared to ¥1.82 billion in 2019[96] - The net profit attributable to shareholders was 35.68 million yuan, a decrease of 20.88% compared to the previous year[80] - The net cash flow from operating activities was 379 million yuan, up 57.83% year-on-year[80] Investment and R&D - The company plans to invest 20% of its revenue into R&D for new product development and technology advancements in 2021[19] - The company has increased its R&D investment, aiming to enhance efficiency and shorten development cycles through advanced technologies like AI[91] - The total amount of R&D investment was 94,814,467.78 yuan, representing 4.07% of operating revenue, an increase from 3.44% in the previous year[111] - The company plans to enhance its R&D capabilities in RF front-end modules and high-end product lines like TC-SAW[110] - The company has established multiple R&D centers to improve its technological capabilities and respond to market demands effectively[148] Market Strategy and Expansion - The company has outlined a market expansion strategy targeting Southeast Asia, aiming for a 30% increase in market share in the region by 2022[19] - The company anticipates a revenue growth forecast of 20% for 2021, driven by new product launches and market expansion efforts[19] - The company has expanded its customer base to include high-end clients in emerging fields such as cloud computing, smart home, and smart automotive, enhancing its market share in the 5G sector[85] - The company is focusing on expanding its customer base and market depth in response to the domestic and international dual circulation development strategy, which is expected to accelerate the localization of mid-to-high-end electronic components[65] Product Development and Technology - The company is focusing on 5G applications and automotive electronics in its product development, including high-end inductors and RF components[37] - The company is focusing on the development of RF components, magnetic components, and new materials, particularly for 5G applications and automotive electronics[87] - The company has successfully mass-produced LTCC filters and SAW filters, which are now being supplied to mainstream customers, indicating a potential for continued sales growth in the RF component market[56] - The company aims to leverage the 5G trend to benefit from the expanding cloud computing market, including IDC and edge computing, as well as increased demand for power inductors and transformers in 5G base stations[146] Risk Management - The company has identified potential risks including market competition and supply chain disruptions, which may impact future performance[6] - The company has identified risks related to external environmental changes, including ongoing COVID-19 uncertainties and trade frictions, which may impact supply chain stability and market sales[147] - The company aims to mitigate market competition risks by expanding its product offerings in RF filters and integrated inductors while focusing on IoT and automotive sectors[148] - The company faces risks related to project delays and cost overruns in its fundraising investment projects aimed at capacity expansion and new technology development[153] Financial Independence and Governance - The company has committed to maintaining the independence of the listed company and ensuring that key management personnel are exclusively employed by the listed company[172] - The company has established independent financial departments and accounting systems to ensure financial independence[172] - The company guarantees that it will not interfere with the financial decisions of the listed company and will not share bank accounts[172] - The company has pledged to avoid any potential competition with the listed company and its subsidiaries, committing to notify the listed company of any competitive business opportunities[178] Shareholder Returns and Dividends - The company has no plans to distribute cash dividends or issue bonus shares for the year 2020[7] - The company did not distribute cash dividends, issue bonus shares, or increase capital from reserves for the year 2020[169] - The cash dividend total for the year was 0 yuan, representing 0.00% of the total profit distribution[166] - The company plans to maintain its profit distribution policy in line with its future three-year shareholder return plan[169] Operational Efficiency - The company has optimized its management system to improve organizational efficiency and enhance employee motivation through performance assessment and resource allocation[92] - The company has established a rigorous supplier management system to ensure stable raw material supply and maintain reasonable inventory levels[59] - The company’s procurement strategy involves direct purchasing from multiple qualified suppliers to control product quality from the source[59] - The company has implemented strict quality control measures, achieving a leading product qualification rate in the domestic market[74]
麦捷科技(300319) - 2020 Q3 - 季度财报
2020-10-27 16:00
深圳市麦捷微电子科技股份有限公司 2020 年第三季度报告全文 1 microgate 深圳市麦捷微电子科技 股份有限公司 2020 年第三季度报告 2020 年 10 月 深圳市麦捷微电子科技股份有限公司 2020 年第三季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏,并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人俞磊、主管会计工作负责人居济民及会计机构负责人(会计主管 人员)李济立声明:保证季度报告中财务报表的真实、准确、完整。 2 深圳市麦捷微电子科技股份有限公司 2020 年第三季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------------------|-------------------- ...
麦捷科技(300319) - 2020 Q2 - 季度财报
2020-08-26 16:00
Financial Performance - The company's operating revenue for the first half of 2020 was ¥875,294,906.67, representing a 26.17% increase compared to ¥693,758,779.72 in the same period last year[26]. - The net profit attributable to shareholders was ¥39,555,151.46, up 43.44% from ¥27,576,704.54 in the previous year[26]. - The net profit after deducting non-recurring gains and losses reached ¥28,363,400.62, a significant increase of 213.17% compared to ¥9,056,778.69 last year[26]. - The net cash flow from operating activities was ¥229,472,581.70, which is a 316.58% increase from ¥55,085,258.37 in the same period last year[26]. - Basic earnings per share were ¥0.0567, reflecting a 42.82% increase from ¥0.0397 in the previous year[26]. - Total assets at the end of the reporting period were ¥3,651,512,825.49, a 7.60% increase from ¥3,393,445,343.83 at the end of the previous year[26]. - The net assets attributable to shareholders were ¥2,104,653,043.93, which is a 2.23% increase from ¥2,058,671,154.21 at the end of the previous year[26]. - The weighted average return on net assets was 1.90%, an increase of 0.54% compared to 1.36% in the previous year[26]. Market and Product Development - The company focuses on high-end electronic components, including magnetic and RF components, with applications in mobile communications and IoT[37]. - The company has launched multiple products for 5G applications, including integrated inductors and LTCC RF filters, indicating strong R&D capabilities[50]. - The market for the company's electronic components is expected to grow significantly due to the 5G infrastructure wave, with a positive revenue outlook[51]. - The company is increasing its market share as domestic manufacturers prefer local suppliers due to external trade uncertainties[52]. - The company is focusing on enhancing its product development capabilities and market expansion strategies in the 5G sector[72]. - The company is actively seeking more cooperation opportunities with existing major clients to cultivate new profit growth points[114]. - The company has invested in multiple R&D centers to enhance its overall research capabilities and accelerate new product development[115]. - The company plans to explore vertical breakthroughs in the supply chain to mitigate risks associated with market competition[115]. Financial Management and Investments - The company successfully raised ¥850 million for investment in new product projects, including small-sized integrated inductors and SAW filters[63]. - R&D investment rose by 31.81% to ¥37,402,837.41, reflecting increased labor costs[79]. - The company has changed the implementation location of certain fundraising projects to improve management efficiency and reduce operational costs[95]. - The company approved the temporary use of 80 million yuan of idle fundraising for working capital, with a commitment to return it within 12 months[102]. - The company reported a total of 82.80 million yuan in committed investment projects, with a 101.17% completion rate[97]. Risk Management and Strategic Outlook - The company has outlined potential risks and countermeasures in its future development outlook[6]. - The company has identified risks related to external economic changes and is strategizing to leverage opportunities in emerging markets[114]. - The company plans to enhance its management structure and develop a replicable management system to support future scalable growth, focusing on talent acquisition, training, and motivation through an effective incentive mechanism[116]. - The company aims to strengthen the integration management of Xingyuan Electronics in areas such as material procurement, sales resources, and operational management to mitigate goodwill impairment risks[117]. Legal and Compliance - The company has not faced any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[129]. - The company has not reported any penalties or rectification measures during the reporting period[139]. - The company has not conducted an audit for its half-year financial report, which remains unaudited[125]. - The company has not engaged in any joint external investments during the reporting period[154]. Shareholder and Stock Information - The company reported a total of 375.04 million yuan in related party transactions, accounting for 4.40% of the approved transaction amount of 1,250.6 million yuan[152]. - The total number of shares before the recent changes was 695,199,971, which increased to 696,981,071 after the issuance of 1,920,000 new shares and the repurchase of 138,900 shares[187]. - The total number of unrestricted shares increased from 648,135,389 (93.23%) to 658,256,505 (94.44%) following the issuance of new shares[187]. - The company has a stock incentive plan where 302,040 shares were unlocked for 151 eligible participants, with 279,540 shares available for trading as of February 28, 2020[140]. - The company plans to repurchase and cancel 138,900 shares of its restricted stock at a price of 3.76 yuan per share, with the repurchase completed on June 3, 2020[141].
麦捷科技(300319) - 2020 Q1 - 季度财报
2020-04-28 16:00
Financial Performance - Total revenue for Q1 2020 was ¥335,005,388.61, representing a 22.01% increase compared to ¥274,576,657.74 in the same period last year[8]. - Net profit attributable to shareholders was ¥15,628,169.73, a significant increase of 195.39% from ¥5,290,694.37 year-on-year[8]. - Net profit excluding non-recurring gains and losses reached ¥11,769,516.19, up 273.78% from a loss of ¥6,772,524.17 in the previous year[8]. - Basic earnings per share were ¥0.0224, a 194.74% increase compared to ¥0.0076 in the previous year[8]. - The company achieved operating revenue of 335.01 million yuan in Q1 2020, an increase of 22.01% compared to the same period last year[30]. - The net profit attributable to shareholders was 15.63 million yuan, a significant increase of 195.39% year-on-year[30]. - The net profit for the first quarter of 2020 is not explicitly stated in the provided documents, but the increase in cash and equity suggests positive operational performance[84]. - The company reported a net profit for the current period of ¥15,568,499.38, compared to ¥4,527,710.01 in the previous period, reflecting a significant growth of 244.5%[104]. Cash Flow and Assets - Operating cash flow for the period was ¥187,444,041.92, showing a 101.30% increase from ¥93,116,087.49 in the same quarter last year[8]. - Cash and cash equivalents at the end of the period increased by 167.56 million yuan, representing a growth of 58.08% due to increased cash receipts from sales and short-term borrowings[28]. - The company's cash and cash equivalents increased to CNY 456,074,006.02 from CNY 288,510,373.87, marking a significant increase of approximately 58.2%[75]. - The ending balance of cash and cash equivalents was 456,074,006.02, an increase from 341,460,106.17 in the previous period[114]. - The cash flow from operating activities was ¥187,444,041.92, compared to ¥93,116,087.49 in the previous period, indicating an increase of 101.5%[111]. - The net cash flow from operating activities was 41,857,087.35, an increase from 27,027,270.13 in the previous period, reflecting a growth of about 55%[115]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,428,901,379.54, reflecting a 1.04% increase from ¥3,393,445,343.83 at the end of the previous year[8]. - The company's total assets increased to CNY 2,707,775,610.82 from CNY 2,671,961,548.11, showing a growth of approximately 1.34%[91]. - Total liabilities rose to CNY 834,855,094.97, up from CNY 817,853,327.06, reflecting an increase of about 2.5%[91]. - Accounts receivable decreased by 215.03 million yuan, a reduction of 30.14%, primarily due to increased customer payments[28]. - The company reported a decrease in accounts payable to CNY 144,414,512.52 from CNY 174,448,268.48, a reduction of approximately 17.2%[91]. Investments and Projects - The company has continued to invest in development expenditures, which increased to CNY 2,551,906.30 from CNY 1,309,734.51, indicating a focus on innovation and new product development[78]. - The investment progress for the LTCC-based RF filter project is at 50.10%, with a total investment of 37,200 million[64]. - The company plans to complete the smart park project by the end of the year, which will accelerate the construction of SAW projects[67]. - The cumulative investment in committed projects reached 72,324.62 million, with a project feasibility status indicating that it has not met expectations[64]. Strategic Initiatives - The company plans to adjust its product sales structure and increase sales of high-margin products to mitigate risks associated with market changes[40]. - The company aims to leverage the growth opportunities presented by 5G development, including mobile terminal updates and new electronic applications in various sectors[42]. - The company is developing RF SAW filters and LTCC filters to meet the surging demand in the smartphone market, with plans for large-scale production[45]. - The company is enhancing its management structure and talent development to support its expansion and operational efficiency[46]. - The company is focusing on automation and intelligent transformation of production lines to reduce labor costs and improve efficiency[42]. Governance and Compliance - The company reported a commitment to not transfer more than 25% of its shares during the tenure of its executives and within six months post-departure[51]. - The company has a long-term commitment to avoid any direct or indirect competition with its subsidiaries, ensuring no similar business activities are conducted[54]. - The company guarantees that its personnel, assets, and operations remain independent, ensuring no conflicts of interest arise[54]. - The company has pledged to compensate for any losses incurred due to breaches of commitments by its executives, with specific liability percentages assigned[51]. - The company has established measures to ensure that no benefits are unfairly transferred to other parties, maintaining the integrity of its operations[60].
麦捷科技(300319) - 2019 Q4 - 年度财报
2020-04-27 16:00
Financial Performance - The company achieved operating revenue of CNY 1,817,743,896.60, an increase of 8.74% compared to the previous year[38]. - The net profit attributable to shareholders was CNY 45,090,952.43, a decrease of 65.76% year-on-year[38]. - The net cash flow from operating activities was CNY 240,321,573.97, representing a 140.01% increase from the previous year[38]. - The company recognized inventory impairment of CNY 61,077,000 and goodwill impairment of CNY 66,358,300 due to market conditions[38]. - The company’s weighted average return on equity was 2.21%, down from 6.76% in the previous year[29]. - Basic and diluted earnings per share were CNY 0.0649, a decline of 65.79% year-on-year[29]. - Total assets at year-end were CNY 3,393,445,343.83, reflecting a 7.56% increase from the previous year[29]. - The company reported a year-on-year revenue growth of 11.57% from its main operations, benefiting from the development of the communication industry and accelerated domestic substitution[52]. Investment and R&D - The company plans to expand into emerging markets such as 5G, IoT, AI, new energy vehicles, drones, and VR/AR to increase main business revenue despite a slowdown in the consumer electronics sector[10]. - The company is developing new products including SAW filters and MPIM small-sized inductors, which are gradually entering mass production to solidify its position in high-end electronic components[13]. - The company aims to enhance its R&D capabilities by increasing investment and personnel in multiple R&D centers, focusing on material development, circuit design, and intelligent equipment transformation[10]. - The company has established a talent development model to attract, train, and motivate professionals to ensure sustainable growth and overcome future talent gaps[14]. - The company’s R&D expenses amounted to ¥62,446,961.70, representing 3.44% of operating revenue, an increase of 11.28% compared to the previous year[75]. - The company has a strong R&D team led by Dr. Zhang Meirong, focusing on cross-disciplinary talent development in materials science, semiconductors, and electronics[43]. - The company has been actively collaborating with renowned universities to cultivate technical talent, enhancing its competitive edge in the industry[43]. Market Strategy and Expansion - The company emphasizes the importance of integrating resources with Xingyuan Electronics to maintain competitiveness and reduce goodwill impairment risks[7]. - The company has established stable long-term strategic partnerships with major clients, earning multiple honors such as "Excellent Supplier" over 19 years[45]. - The company established an office in South Korea to enhance R&D capabilities and expand overseas market reach[55]. - The overseas revenue surged by 84.97% to ¥544,169,049.41, while domestic revenue decreased by 7.54% to ¥1,273,574,847.19[61]. - The company continues to focus on key clients and technologies, increasing collaboration with major customers to drive new product development[55]. - The company has made significant efforts in product quality and performance to penetrate the competitive low-end market[106]. - The company has emphasized a gradual market expansion strategy, starting from low-end products to higher-end offerings[106]. Financial Strategy and Governance - The company will not distribute cash dividends or bonus shares, nor will it increase capital through reserves, as part of its financial strategy[14]. - The company has optimized its governance structure and internal control mechanisms under new major shareholders, improving creditworthiness and reducing financing costs[56]. - The company has committed to cash compensation if the cumulative actual net profit falls below the cumulative promised net profit after the performance commitment period[137]. - The company guarantees to minimize transactions with related parties and ensure fair operations at market prices[137]. - The company has committed to not engaging in any competitive activities with its subsidiary, 麦捷科技, and will cease any competing operations if necessary[143]. - The company has confirmed that all commitments made by its controlling shareholders have been strictly adhered to without any violations[146]. Challenges and Risks - The company has identified risks related to industry growth slowdown, which could impact consumer demand for electronic products, and is taking measures to mitigate these risks[10]. - The company is facing challenges in talent acquisition and management due to its expanding scale and is implementing a platform-based development strategy to enhance team building and corporate culture[14]. - The project for the SAW filter has faced delays due to longer-than-expected customer certification cycles and extended delivery times for equipment from foreign suppliers[106]. Asset Management and Transactions - The company completed the transfer of 100% equity of Beihai Xingyuan, which will no longer be included in the consolidated financial statements after the transaction[188]. - The transfer price for the equity was 36 million CNY, while the book value was 28.37 million CNY, resulting in a transaction gain of 8.18 million CNY[187]. - The asset transfer is expected to improve the company's asset structure, optimize resource allocation, enhance asset liquidity, and increase operational efficiency[187]. - The company has ongoing lease agreements with various parties, with monthly rents ranging from 34,200 CNY to 364,007.50 CNY depending on the property and lease terms[194][197].
麦捷科技(300319) - 2019 Q3 - 季度财报
2019-10-28 16:00
Financial Performance - Operating revenue for the quarter was CNY 538,692,627.04, representing a 25.50% increase year-on-year[8] - Net profit attributable to shareholders increased by 33.14% to CNY 47,388,097.97 compared to the same quarter last year[8] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 40,841,365.62, up 29.93% year-on-year[8] - Basic earnings per share rose by 32.94% to CNY 0.0682[8] - The weighted average return on equity was 2.29%, a decrease of 1.30% compared to the same period last year[8] - Total revenue for the period reached ¥538,692,627.04, an increase of 25.5% compared to ¥429,240,148.73 in the previous period[71] - Net profit for the period was ¥52,174,758.52, representing a 35.5% increase from ¥38,521,161.67 in the same period last year[73] - The company reported a total operating cost of ¥1,158,341,554.71, slightly up from ¥1,135,873,213.36 in the previous period[87] - The net profit for the current period is ¥86,039,468.41, a decrease of 17.6% compared to ¥104,380,980.95 in the previous period[90] Assets and Liabilities - Total assets increased by 5.37% to CNY 3,324,313,368.51 compared to the end of the previous year[8] - The company's current assets totaled CNY 1,784,731,980.91, slightly down from CNY 1,795,488,518.25 in the previous month[53] - Total liabilities reached CNY 1,156,698,886.80, up from CNY 1,077,199,679.90, marking an increase of about 7.3%[60] - The company's equity attributable to shareholders increased to CNY 2,092,556,260.36 from CNY 2,013,650,954.33, a rise of approximately 3.9%[60] - Current liabilities totaled ¥458,673,104.05, an increase of 13.5% from ¥404,110,142.46 in the prior period[67] - The total liabilities increased to ¥613,772,567.96, up from ¥539,659,777.02, reflecting a growth of 13.7%[67] Cash Flow - Cash flow from operating activities decreased by 63.00% to CNY 51,742,537.22 year-to-date[8] - Net cash flow from operating activities decreased by CNY 88,110,733.93, a decrease of 63.00%, due to reduced collection methods and decreased tax refunds[30] - Cash inflow from operating activities totaled 1,033,952,643.28 yuan, while cash outflow was 982,210,106.06 yuan, resulting in a net inflow of 51,742,537.22 yuan[105] - Investment activities generated a net cash flow of -242,441,535.58 yuan, compared to -297,387,668.04 yuan in the previous period, indicating an improvement[109] - Cash inflow from financing activities was 472,241,683.08 yuan, an increase from 434,653,480.17 yuan in the previous period[109] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 26,009[13] - The largest shareholder, Shenzhen Yuan Zhi Fu Hai Electronic Information Investment Enterprise, held 26.44% of the shares[13] - The total number of restricted shares at the end of the period was 53,966,794, with 4,096,583 shares released from restrictions during the period[26] Commitments and Compliance - The company committed to a cumulative net profit of no less than 10,049.45 million yuan for the years 2017, 2018, and 2019, with specific annual targets of 2,800.53 million yuan, 3,341.95 million yuan, and 3,906.97 million yuan respectively[31] - The company has maintained strict adherence to commitments made regarding share transfers, with no violations reported to date[31] - The company has established a commitment to reduce and standardize related party transactions post-asset restructuring, ensuring fair market practices and compliance with legal regulations[34] - The company guarantees the independence of its operations, including personnel, assets, and finances, as part of its long-term commitments[34] - The controlling shareholders have committed to not occupy the company's funds and to avoid any related party transactions that could harm the company's interests[40] - The company has confirmed that all commitments made by its controlling shareholders have been strictly adhered to without any violations[37] Research and Development - Development expenditures increased by CNY 1,415,246.16, an increase of 88.69%, primarily due to increased capitalized R&D investments[28] - Research and development expenses were ¥14,789,336.42, slightly higher than ¥13,814,959.39 in the previous period, showing a 7% increase[71] - Research and development expenses increased to ¥12,980,705.17, up from ¥8,498,915.13, representing a rise of 52.3%[95] Other Income and Expenses - The company received government subsidies amounting to CNY 28,539,867.97 during the reporting period[8] - Other income increased by CNY 1,848,051.19, an increase of 32.95%, due to an increase in government subsidies related to daily activities[28] - Financial expenses decreased by CNY 2,986,318.01, a decrease of 59.63%, mainly due to reduced interest income and increased financing amounts[28] - The company reported a financial expense of ¥7,008,467.49, compared to a financial income of -¥499,481.68 in the previous period[98]