Sino-Microelectronics(SH:600360)2022-04-28 16:00Financial Performance - The company achieved operating revenue of CNY 2,210,055,245.68 in 2021, representing a year-on-year increase of 28.60%[23]. - Net profit attributable to shareholders reached CNY 115,707,257.28, a significant increase of 238.50% compared to the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 112,456,760.86, up 282.55% year-on-year[23]. - The company reported a net cash flow from operating activities of CNY 324,597,384.74, an increase of 11.40% from the previous year[23]. - The weighted average return on equity rose to 3.65%, an increase of 2.55 percentage points compared to 2020[23]. - The total operating income for the year was ¥2,197,930,042.46, representing a year-on-year increase of 28.43%[63]. - The gross profit margin improved by 2.74 percentage points to 21.30% compared to the previous year[63]. - The net cash flow from financing activities increased by 100.59% to ¥390,181,449.96, mainly due to an increase in the recovery of loan guarantees[60]. - The company produced 996,867 units of semiconductor discrete devices, an increase of 15.86% year-on-year, while sales volume rose by 18.73% to 1,030,812 units[67]. - The company reported a total revenue of 1,195.8 million for the fiscal year, reflecting a growth of 48.23% compared to the previous year[130]. Dividend and Share Capital - The company plans to distribute a cash dividend of 0.37 CNY per 10 shares, totaling 35,530,926.25 CNY, which accounts for 30.71% of the net profit attributable to ordinary shareholders[6]. - The total share capital of the company is 960,295,304 shares[6]. - The company has not proposed any capital reserve transfer to increase share capital for the current year[6]. - The company has a cash dividend policy that stipulates a minimum distribution of 20% of the distributable profit if certain conditions are met, including an earnings per share (EPS) of no less than 0.1 yuan[159]. - In 2020, the company distributed cash dividends of 0.15 yuan per 10 shares, totaling approximately 14.4 million yuan[163]. Research and Development - The company is focusing on the development of new products such as next-generation IGBT and third-generation semiconductors, enhancing product performance and supply capabilities[31]. - The company has implemented a product lifecycle management (PLM) system to improve R&D efficiency and management[30]. - The company applied for 38 patents and obtained 18 authorized patents during the reporting period, enhancing its core technology capabilities[44]. - Research and development expenses rose by 38.77% to ¥91,867,692.28, primarily due to increased investment in product development[59]. - R&D expenses reached ¥112,196,006.11, representing 5.08% of total revenue, with a year-on-year increase of 38.77%[77]. Operational Efficiency and Risk Management - The internal control system has been enhanced to effectively prevent operational risks and ensure stable performance growth[36]. - The company has not identified any significant risks that could materially affect its operations during the reporting period[8]. - The company has not faced any substantial risks impacting its production and operations during the reporting period[8]. - The internal control framework was improved, including management systems and risk databases, to enhance risk prevention capabilities[120]. - The company maintains effective internal control systems that provide reasonable assurance for the authenticity and fairness of financial reports, with no significant defects reported during the period[168]. Market Expansion and Strategy - The company has expanded its business into new energy vehicles, industrial control, and photovoltaic markets, aiming to meet the growing demand for semiconductor power devices[39]. - The company anticipates strong growth in the power semiconductor industry over the next 3-5 years, driven by technological advancements and national strategies[103]. - The company aims to enhance its R&D and production capabilities in the power semiconductor sector, focusing on MOSFET, IGBT, and third-generation semiconductor products[104]. - The company plans to accelerate the construction of a new power electronics device base, expanding production capacity and enhancing chip manufacturing capabilities[105]. - The company is actively developing third-generation semiconductor products, including 650V GaN power devices and SiC MOSFET technology[108]. Corporate Governance and Compliance - The audit report issued by Zhonghua Accounting Firm confirms the financial report's authenticity and completeness[5]. - The company has established an Investor Relations Management Method to ensure equal information access for all shareholders and actively communicate with investors[119]. - The company completed 4 regular reports and 29 temporary announcements during the reporting period, reflecting comprehensive information on governance and management[119]. - The company has maintained the independence of its assets, personnel, and operations, with no significant changes affecting its independence reported[120]. - The company did not receive any penalties from securities regulatory authorities in the past three years[143]. Environmental Responsibility - The company has implemented pollution prevention facilities that ensure compliance with discharge standards for both water and air pollutants[176]. - The company has been recognized as a national and provincial-level green factory, reflecting its commitment to green development and energy efficiency[184]. - The company actively participates in social responsibility initiatives, ensuring compliance with laws and regulations while maintaining a harmonious relationship with stakeholders[184]. - The company has established an emergency response plan for environmental incidents, which is regularly trained and rehearsed to prevent occurrences[178]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[180].