TFME(002156)2024-04-12 16:00Financial Performance - The company's operating revenue for 2023 was ¥22,269,283,210.86, representing a 3.92% increase compared to ¥21,428,576,599.20 in 2022[15]. - The net profit attributable to shareholders for 2023 was ¥169,438,510.85, a significant decrease of 66.24% from ¥502,004,796.22 in 2022[15]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥59,483,489.23, down 83.31% from ¥356,601,140.86 in 2022[15]. - The net cash flow from operating activities increased by 34.23% to ¥4,292,652,175.28 in 2023, compared to ¥3,197,950,182.76 in 2022[15]. - The basic earnings per share for 2023 was ¥0.11, a decrease of 70.27% from ¥0.37 in 2022[15]. - The total assets at the end of 2023 were ¥34,877,709,853.20, reflecting a 2.13% decrease from ¥35,629,428,284.40 at the end of 2022[15]. - The company's revenue reached 22.269 billion yuan, representing a year-on-year growth of 3.92%[36]. - The combined revenue of Tongfu Superway Suzhou and Tongfu Superway Penang was 15.529 billion yuan, with a year-on-year increase of 7.95%, and a net profit of 671 million yuan[37]. Market and Industry Trends - The global semiconductor market sales in 2023 were 574.1 billion in 2022[24]. - The semiconductor sales in the fourth quarter of 2023 reached $146 billion, showing a year-on-year growth of 11.6% and a quarter-on-quarter growth of 8.4%[24]. - The forecast for the global semiconductor market in 2024 predicts a growth of 13.1%, primarily driven by the memory sector, which is expected to grow over 40% compared to the previous year[24]. - In 2023, China's semiconductor industry produced 351.4 billion integrated circuits, representing a year-on-year growth of 6.9%[25]. - The digital transformation expenditure in China reached 2.3 trillion yuan in 2023, driven by policy guidance and industry transformation needs[26]. - The global advanced packaging market is projected to grow from USD 36.7 billion in 2022 to USD 52.2 billion by 2026, with a CAGR of 9.2%[92]. - The semiconductor industry is anticipated to experience a cyclical recovery in 2024, driven by consumer electronics and data services[89]. Research and Development - The company has accumulated 1,544 domestic and international patent applications, with over 60% related to advanced packaging technology[32]. - The company applied for 166 patents in 2023, bringing the total to 1,544, and registered 27 software copyrights, totaling 85[39]. - The company is developing advanced packaging technology for high-density three-dimensional multi-layer storage products, which is currently in the research and development phase[55]. - The company aims to achieve significant breakthroughs in Fan-Out packaging technology, enhancing its core competitiveness in the industry[54]. - The company's R&D investment in 2023 amounted to ¥1,161,651,177.15, a decrease of 12.21% compared to ¥1,323,149,838.21 in 2022, with R&D expenses accounting for 5.22% of operating revenue[58]. Corporate Governance and Compliance - The company is committed to ensuring the accuracy and completeness of its financial reports, as stated by its management team[2]. - The company has a dedicated audit department with 12 full-time auditors to ensure the authenticity and completeness of financial information[105]. - The company has established a transparent information disclosure system, ensuring equal access to information for all shareholders[105]. - The company has implemented a "Quality Return Dual Improvement" action plan to enhance product quality and customer satisfaction[103]. - The company has established effective communication channels with shareholders to ensure their rights are upheld and to avoid conflicts of interest with the controlling shareholder[104]. Risk Factors - The company emphasizes the importance of risk factors including industry and market fluctuations, raw material supply and price changes, and international trade risks[3]. - The company acknowledges potential risks from market fluctuations and geopolitical factors affecting the semiconductor industry[95]. - The company faces risks related to the inability to industrialize new technologies, processes, and products on schedule due to the capital investment and advanced equipment acquisition challenges[96]. - Export sales accounted for 74.36% of the company's revenue in 2023, making it vulnerable to exchange rate fluctuations, particularly between the RMB and USD[98]. Environmental and Social Responsibility - The company strictly adheres to various environmental protection laws and regulations, ensuring compliance with industry standards[157]. - The company has established a comprehensive occupational health and safety management system, certified by OHSAS 18001:2007[166]. - The company achieved a reduction of 272.15 tons in carbon emissions by converting asynchronous motors to permanent magnet motors in 2023, saving 398,520 kWh of electricity[163]. - The company received the National Green Factory honor and was recognized as a leader in green development in Jiangsu Province[167]. - The company actively participates in social responsibility initiatives, including a commitment of 8 million RMB to local charities since 2007[168]. Shareholder and Employee Relations - The company has implemented an employee stock ownership plan, with 1,672,786 shares allocated to eligible employees[146]. - The company has a three-year shareholder return plan for 2023-2025[139]. - The company has established training programs tailored to different employee categories to enhance overall competitiveness[137]. - The total number of employees at the end of the reporting period is 19,975, with 7,646 in the parent company and 12,329 in major subsidiaries[134]. Future Outlook - The company aims for a revenue target of CNY 25.28 billion in 2024, representing a 13.52% increase from 2023[92]. - The company plans to invest CNY 4.89 billion in facilities, production equipment, IT, and R&D in 2024[93]. - The company is focusing on enhancing its core capabilities in design, quality control, marketing, and resource integration[88]. - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the semiconductor industry[126].