PNC(SH:603690)2025-04-28 16:10R&D Investment and Innovation - R&D investment has increased from 13 million in 2017 to over 440 million, with a cumulative investment exceeding 1.5 billion over the past five years[7]. - The company has accumulated 845 patents since 2005, including 350 invention patents, and is actively seeking overseas patent protection[12]. - The company's R&D investment surged from 0.13 billion CNY in 2017 to 4.42 billion CNY in 2024, with cumulative R&D expenditures exceeding 1.5 billion CNY over the past five years[52]. - The company has applied for a total of 845 patents, with 577 granted, emphasizing its commitment to innovation and quality management[61]. - The company is committed to enhancing its innovation capabilities and has been recognized as a high-tech enterprise, with nine subsidiaries also receiving similar recognition[61]. Market Position and Performance - The company has achieved a market share of 48.8% in the domestic 12-inch wafer gas equipment market, significantly surpassing foreign competitors[8]. - The company holds a market share of 48.8% in high-purity specialty gas systems and over 30% in chemical equipment and systems for 12-inch wafer fabs in mainland China from 2016 to 2024[76]. - The company's operating revenue for 2024 reached ¥3,604,680,268.78, representing a 14.40% increase compared to ¥3,151,026,067.05 in 2023[41]. - The company has established a strong position in the domestic high-purity process system support equipment market, with a focus on improving process yield through essential support equipment[78]. - The company has successfully built a localized supply chain since 2021, ensuring business continuity and stability amid external challenges[57]. Financial Performance - The net profit attributable to shareholders for 2024 was ¥23,597,485.84, a significant decrease of 93.75% from ¥377,277,343.39 in 2023[41]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥57,406,956.30, marking a decline of 156.25% compared to ¥102,061,627.39 in 2023[41]. - The total assets increased by 13.88% to ¥13,574,302,675.76 at the end of 2024, up from ¥11,919,485,610.81 at the end of 2023[41]. - The company's basic earnings per share decreased by 94.15% to 0.062 CNY compared to the previous year[42]. - The gross margin for the semiconductor segment was 32.02%, with a year-on-year increase in operating revenue of 20.81%[98]. Strategic Goals and Future Plans - The company plans to continue its LAB2FAB® strategy, focusing on core processes and key manufacturing services[14]. - The company aims to enhance its technology level and adapt flexibly to market changes, with a focus on achieving more proud results in high-end equipment by 2025[16]. - The company expects annual new orders in the range of 5.5 to 6 billion yuan for 2025, with process equipment orders between 1.5 to 2 billion yuan[130]. - The core operational goals for 2025 include strengthening the depth and breadth of process equipment business coverage and accelerating the layout of electronic materials and core components[130]. - The company plans to enhance cash recovery capabilities and optimize resource allocation to improve profitability[130]. Supply Chain and Localization - The company has implemented a localization strategy, achieving 90% self-sufficiency in its equipment supply chain[8]. - The company has established two fully domestic 12-inch wafer gas supply systems, contributing stable cash flow for at least 15 years[8]. - The company has accelerated its layout in the electronic materials sector, successfully establishing the first fully domestically produced 12-inch wafer gas supply factory, achieving operational stability and breaking the international supplier monopoly[56]. - The company has built a production and service base of 420,000 square meters, with an additional 48,700 square meters under construction, supporting its medium to long-term strategic goals[58]. - The company has developed a modular and digital solution for high-purity systems, enhancing its competitive edge in the high-purity field[77]. Corporate Governance and Management - The company has established a governance structure that includes a board of directors and various committees to ensure effective oversight and compliance[139]. - The company has a structured remuneration management system for its directors and senior management[149]. - The company continues to expand its leadership team with new appointments to enhance governance and oversight[150]. - The company held multiple board meetings in 2024, including the election of the fifth board of directors and the appointment of senior management[152]. - The company has established a profit distribution system to ensure the fulfillment of commitments made by its directors and senior management[193]. Environmental and Social Responsibility - The company has established environmental protection management systems and has passed ISO14001 certification, ensuring compliance with environmental regulations[184]. - The company has taken measures to reduce carbon emissions, successfully decreasing carbon dioxide equivalent emissions by 2,691.9 tons through the use of self-generated photovoltaic power[185]. - The company has disclosed its corporate social responsibility report, which is available on the Shanghai Stock Exchange website[186]. - Total donations amounted to 160,700 CNY, with 100,000 CNY donated to the Song Qingling Foundation for the "Xin Gan Bao Bei Liver Transplant Project"[187]. - Material donations totaled 30,700 CNY, including 15,100 CNY for the "Chasing Light Cabin" project for underprivileged families and 15,600 CNY for a nursing home in Minhang District, Shanghai[187].