Tianshui Huatian Technology (002185)2024-04-01 16:00Financial Performance - The company's operating revenue for 2023 was ¥11,298,245,259.39, a decrease of 5.10% compared to ¥11,905,960,519.12 in 2022[15]. - The net profit attributable to shareholders for 2023 was ¥226,323,275.35, representing a significant decline of 69.98% from ¥753,945,434.18 in the previous year[15]. - The net cash flow from operating activities decreased by 16.19% to ¥2,411,209,475.02 in 2023, down from ¥2,877,164,434.94 in 2022[15]. - The basic earnings per share for 2023 was ¥0.0706, a drop of 70.00% compared to ¥0.2353 in 2022[16]. - The company reported a negative net profit of ¥308,146,446.12 after deducting non-recurring gains and losses in 2023, compared to a positive net profit of ¥264,064,740.07 in 2022[15]. - The company's total operating revenue for 2023 was 11.298 billion yuan, a decrease of 5.10% compared to 2022[37]. - The net profit attributable to shareholders for 2023 was 226 million yuan, down 69.98% year-on-year[34]. - The company experienced a significant decline in diluted earnings per share, which was also ¥0.0706 in 2023, down from ¥0.2353 in 2022[16]. Dividend Distribution - The company plans to distribute a cash dividend of 0.22 RMB per 10 shares based on a total share capital of 3,204,484,648 shares as of December 31, 2023[3]. - The company plans to distribute a cash dividend of 0.22 CNY per 10 shares, totaling 70,498,662.26 CNY, which represents 100% of the distributable profit[122]. - The total number of shares for the dividend distribution is based on 3,204,484,648 shares as of December 31, 2023[122]. Market Conditions and Risks - The company faces risks related to the semiconductor industry's cyclical fluctuations, which could impact operational performance[2]. - Rising production costs due to changes in raw material prices and labor costs present challenges for cost control[2]. - The company acknowledges the increasing competition in the integrated circuit packaging and testing industry, which may complicate operational challenges[2]. - Future plans and forecasts are subject to market conditions and various risks, which investors should be aware of[2]. - The company faces risks related to the semiconductor industry's economic conditions, which could affect its operational performance[80]. Technological Development - The company emphasizes the need for continuous technological research and new product development to meet market demands, highlighting the risk of failure in these areas[2]. - The company continues to focus on technological innovation and product development, which are critical for its competitive advantage[30]. - The company has mastered advanced packaging technologies such as SiP, FC, TSV, and Bumping, positioning itself as a leader in the domestic industry[31]. - The company is currently developing multiple advanced packaging technologies, including UHDFO and FOPLP, aimed at enhancing its competitive edge in the semiconductor market[50]. - The company aims to enhance its advanced packaging technology and product offerings, including SiP, FC, TSV, and 3D packaging, to increase market share and profitability[77]. Subsidiaries and Investments - The company has subsidiaries in various locations, including Xi'an, Kunshan, Nanjing, and others, indicating a broad operational footprint[6]. - The company has established new subsidiaries, including Jiangsu Pangu Semiconductor Technology Co., Ltd. and Unisem (S) Pte. Ltd., which are now included in the consolidation scope[43]. - The company has invested ¥979,084,997.42 in the Nanjing Integrated Circuit Advanced Packaging and Testing Industrial Base Project, with a cumulative actual investment of ¥5,495,049,397.32, achieving 68.69% project progress[63]. - The company has also invested ¥934,842,051.30 in the High-Density and High-Reliability Advanced Packaging and Testing R&D and Industrialization Project, with a total actual investment of ¥934,842,051.30[63]. Environmental and Social Responsibility - The company is committed to addressing environmental and social responsibilities as part of its governance strategy[4]. - The company strictly adheres to multiple environmental protection laws and industry standards during its operations[131]. - The company aims to achieve peak carbon emissions by 2030 and carbon neutrality by 2060, focusing on energy-saving technologies and circular economy initiatives[148]. - The company paid an environmental protection tax of 38,164.33 yuan in 2023, reflecting its commitment to environmental governance[147]. - The company donated 1.2 million yuan to the Tianshui Charity Federation for earthquake relief efforts in Jishishan County[152]. Governance and Management - The company has established independent financial management and accounting systems, ensuring financial independence from its controlling shareholder[92]. - The company has a complete and independent production system, including procurement and sales, without reliance on its controlling shareholder[89]. - The company has established various management systems, including those for external guarantees and entrusted financial management[110]. - The company has implemented a structured remuneration management system for its directors, supervisors, and senior management[107]. - The company has a diverse board with members holding various academic and professional backgrounds, including engineering and business management[98][99]. Research and Development - Research and development expenses amounted to ¥693,914,042.89, showing a decrease of 2.02% compared to the previous year[48]. - The number of R&D personnel decreased by 3.88% to 4,087, while the proportion of R&D personnel in the total workforce increased slightly to 15.47%[50]. - R&D expenditure amounted to ¥693,914,042.89 in 2023, a decrease of 2.02% from ¥708,228,864.99 in 2022, while the R&D expenditure as a percentage of revenue increased to 6.14% from 5.95%[52]. Financial Management - The company has engaged Da Xin Accounting Firm for internal control audit services, with a remuneration of ¥1,600,000[161]. - The company reported no penalties or rectification issues during the reporting period[165]. - The company’s related party transactions included purchasing sensors and services amounting to ¥2,290.91 million, which is 0.25% of similar transaction amounts[167]. - The company sold integrated circuit packaging products to related parties for ¥13,135.93 million, representing 1.19% of the approved transaction amount[167]. Employee Engagement and Training - The company has established a training plan to enhance employee skills, focusing on both new employee orientation and ongoing skill development for existing staff[119]. - The company has actively promoted employee satisfaction and engagement through various activities and competitions[152]. - The total number of employees at the end of the reporting period was 26,427, with 17,009 in production, 532 in sales, and 7,232 in technical roles[117]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 286,858, with a 5% holding ratio[189]. - The largest shareholder, Tianshui Huaten Electronics Group Co., Ltd., held 22.29% of shares, totaling 714,407,758 shares[189]. - The company’s total shares amount to 3,204,484,648, with 99.98% being unrestricted shares[185]. - The company reported a total of 735,330 restricted shares at the end of the reporting period, with 4,443 shares released during the period[187].