TECHSEM(300046)2023-04-13 16:00Financial Performance - The company's net profit declined significantly during the reporting period, primarily due to rising raw material prices leading to a decrease in gross margin[5]. - The net profit attributable to shareholders decreased by 55.24% to ¥19,731,751.47 in 2022 from ¥44,087,780.91 in 2021[25]. - The basic earnings per share fell by 56.36% to ¥0.0834 in 2022 compared to ¥0.1911 in 2021[25]. - The total profit amounted to CNY 19.60 million, representing a year-on-year decline of 60.62%[40]. - The company reported a significant decrease in investment amounting to 13.58 million, a decline of 39.36% compared to the previous year[65]. - The company reported a total revenue of ¥14,176,441.69 with a net loss of ¥2,021,189.19 for the reporting period[80]. Revenue and Sales - The company's operating revenue for 2022 was ¥352,191,535.02, representing a 7.05% increase from ¥329,009,071.34 in 2021[25]. - In 2022, the company achieved operating revenue of CNY 352.19 million, a year-on-year increase of 7.05%[40]. - The company sold 2.01 million power semiconductor devices, a decrease of 13.14% year-on-year, with thyristor sales down 13.84%[40]. - Domestic sales reached ¥334.77 million, making up 95.05% of total sales, with a year-on-year increase of 5.64%, while international sales grew by 43.80% to ¥17.42 million[46]. - The semiconductor segment generated ¥352.19 million in revenue, with a gross margin of 25.83%, despite a year-on-year decline of 4.65% in gross margin[47]. Research and Development - The company emphasizes the importance of continuous technological innovation to achieve industrial upgrades and cultivate new growth points[8]. - The company reported a 32.64% increase in R&D expenses, totaling ¥14.54 million, as part of efforts to enhance product structure and technology levels[52]. - The company obtained 16 utility model patents in 2022, enhancing its technological competitiveness[40]. - The company is focusing on R&D for new devices such as IGBTs and high-voltage components, successfully replacing imports and securing bulk orders[42]. - The company is committed to enhancing its IGBT design and manufacturing capabilities to expand its product applications[82]. Market Position and Strategy - The company aims to focus on its core business of power semiconductors, optimizing product and market structure, and increasing R&D efforts to enhance industry position and competitiveness[5]. - The company maintains that its core business and competitive strengths have not undergone significant adverse changes, and there are no major risks to its ongoing operations[5]. - The company is positioned to benefit from domestic market opportunities due to the trend of import substitution in the power semiconductor sector[34]. - The company is actively expanding sales of its main products, including thyristors, rectifiers, IGBTs, and power electronic modules, while also developing third-generation wide bandgap semiconductor materials and devices[8]. - The company aims to enhance its competitiveness in the power semiconductor sector and plans to focus on product and market structure adjustments[81]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring transparency and accountability[89]. - The company maintains independence from its controlling shareholder in terms of operations, finance, and business activities[90]. - The company has a total of 640,000 restricted stock units granted to its directors and senior management[94]. - The company has established an independent financial department with a complete accounting system and financial management policies[91]. - The company has a comprehensive organizational structure with defined responsibilities across departments[91]. Environmental and Social Responsibility - The company has been recognized as a key pollutant discharge unit but has not faced any administrative penalties during the reporting period, adhering to environmental regulations and achieving compliance with pollutant discharge standards[133]. - The company emphasizes corporate social responsibility, aiming to promote the application of power semiconductor technology in China and achieve harmonious development among stakeholders[134]. - The company has established a social responsibility management system and conducts regular internal audits to ensure compliance with social responsibility commitments[135]. - The company has implemented measures to reduce carbon emissions, although specific details were not disclosed[133]. Challenges and Risks - The company faced challenges such as rising raw material prices and impairment losses, which impacted profitability despite a slight increase in sales revenue[36]. - The company is pursuing a targeted private placement investment project, which may face risks related to macroeconomic conditions and market demand fluctuations[9]. - The company faces risks from market competition and material price increases, which it plans to mitigate through strategic partnerships and cost management[83]. Shareholder and Stock Information - The total number of common shareholders at the end of the reporting period was 44,974, down from 48,044 at the end of the previous month, indicating a decrease of approximately 4.5%[181]. - The largest shareholder, Xiangyang New Instrument Semiconductor Co., Ltd., holds 26.25% of the shares, totaling 62,258,000 shares, with no changes during the reporting period[182]. - The company completed the registration of 640,000 restricted stock grants, increasing total shares from 236,531,371 to 237,171,371[169]. - The company did not engage in any share repurchase transactions during the reporting period[187]. Internal Control and Audit - The internal control system is deemed effective, with no significant deficiencies identified in financial or non-financial reporting during the reporting period[126]. - The audit report was issued with a standard unqualified opinion, confirming that the financial statements fairly present the company's financial position as of December 31, 2022[194]. - The audit included a review of significant customer contracts and sales orders to verify compliance with accounting standards[196]. - The company is responsible for maintaining necessary internal controls to prevent material misstatements in the financial statements due to fraud or error[200].