PNC(SH:603690)2022-05-24 16:00Financial Performance - The company's operating revenue for 2021 was ¥2,084,097,721.32, representing a 49.18% increase compared to ¥1,397,056,129.25 in 2020[27]. - The net profit attributable to shareholders for 2021 was ¥281,764,365.40, an 8.12% increase from ¥260,599,716.15 in 2020[27]. - The net profit after deducting non-recurring gains and losses was ¥162,159,706.57, up 46.57% from ¥110,639,917.21 in 2020[27]. - Total assets increased by 33.18% to ¥7,933,017,527.63 at the end of 2021, compared to ¥5,956,662,795.43 at the end of 2020[27]. - The weighted average return on net assets decreased to 8.10% in 2021, down 7.93 percentage points from 16.03% in 2020[27]. - The company reported a net cash flow from operating activities of -¥190,723,819.30 for 2021, an improvement from -¥280,927,495.31 in 2020[27]. - The basic earnings per share for 2021 was ¥0.891, a decrease of 12.04% from ¥1.013 in 2020[27]. - The company achieved a quarterly revenue of ¥801,583,658.29 in Q4 2021, contributing to the overall annual growth[29]. - Non-recurring gains included government subsidies amounting to ¥84,055,571.01 in 2021, compared to ¥12,850,035.77 in 2020[34]. Risk Management and Governance - The company received a standard unqualified audit report from Zhonghua Certified Public Accountants[5]. - There were no significant risks that materially affected the company's operations during the reporting period[8]. - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties[8]. - The board of directors and supervisory board members ensured the authenticity, accuracy, and completeness of the annual report[4]. - The financial report was signed and sealed by the company's responsible persons and accounting personnel, ensuring its integrity[5]. - The company did not face any violations in decision-making procedures regarding external guarantees[8]. - The company has outlined potential risks in its management discussion and analysis section[8]. - The company is committed to maintaining transparency and accountability in its financial disclosures[4]. - The company has established a governance structure that includes a board of directors, supervisory board, and management team, ensuring clear responsibilities and checks and balances[137]. - The company has not disclosed any significant differences in governance compared to regulations set by the China Securities Regulatory Commission[137]. - The company has not reported any measures affecting its independence from controlling shareholders or actual controllers[137]. - The company’s independent directors and supervisors have maintained their shareholdings without any changes during the reporting period[142]. - The company’s governance practices comply with relevant laws and regulations, ensuring effective operation[137]. Research and Development - The company has filed 551 patent applications, with 322 patents granted, including 250 invention patents[71]. - The company has a total of 240 R&D personnel, accounting for 16.32% of the total workforce[91]. - The number of R&D personnel with a master's degree is 30, while those with a bachelor's degree total 138[94]. - Research and development expenses amounted to ¥144,407,020.22, reflecting a 51.18% increase from ¥95,522,856.82 in the previous year[76]. - Total R&D investment reached ¥302,291,088.79, accounting for 14.50% of operating revenue, with 52.23% of R&D costs capitalized[90]. - The company is committed to optimizing its internal management and processes to ensure stable operations and risk mitigation in a changing market environment[130]. - Investment in research and development is prioritized, with a budget allocation aimed at innovative solutions[151]. Market Position and Strategy - The company’s semiconductor-related business accounts for over 70% of its total operations, highlighting its focus on this critical sector[47]. - The company is positioned to benefit from the ongoing global semiconductor supply chain challenges, with lead times extending to 25 weeks as of December 2021[44]. - The domestic semiconductor equipment market demand accounts for nearly 30% of the global market, maintaining its status as the largest market[46]. - The company achieved a total revenue of RMB 2.084 billion, representing a year-on-year increase of 49.18%[75]. - The total new orders amounted to RMB 3.230 billion, representing a year-on-year growth of 64.80%, with semiconductor equipment orders reaching RMB 1.120 billion, up 111.32%[39]. - The company plans to issue convertible bonds totaling up to RMB 1.1 billion to support various R&D projects and manufacturing initiatives[43]. - The company aims to achieve over 4 billion CNY in new orders for 2022, with over 2 billion CNY specifically for wet process equipment, expecting single-piece equipment to account for 60% of new orders[127]. - The company plans to double its wet process equipment production capacity in 2022 compared to 2021, focusing on high-end single-piece equipment to meet the demand for advanced process production lines[128]. - The company’s long-term strategy is to become a leading domestic supplier of semiconductor process equipment and materials, participating in international competition[123]. - The company emphasizes attracting international talent for R&D and innovation, focusing on customer needs to drive product development[126]. Environmental and Social Responsibility - The company has committed to reducing carbon emissions through various initiatives, including a 560KWp distributed photovoltaic power generation project[193]. - The company has established a rainwater collection system with a capacity of 30 cubic meters for irrigation and cleaning purposes[193]. - The company has maintained compliance with environmental protection standards, with no pollution incidents reported during the reporting period[192]. - The company guarantees to strictly adhere to commitments regarding the protection of shareholders' rights and interests, ensuring no illegal activities that could harm the company or its shareholders occur[200]. Shareholder and Financial Policies - The company has a three-year dividend return plan for shareholders from 2021 to 2023, as discussed in the board meeting on August 24, 2021[157]. - The company did not propose a cash profit distribution plan for 2021 due to the need to reserve funds for semiconductor equipment R&D and related services, ensuring financial stability amid business growth[179]. - The company approved a cash dividend distribution plan for the 2020 fiscal year, distributing 1.6363 CNY per 10 shares, totaling 52,121,141.46 CNY, which represents 20.00% of the net profit attributable to shareholders[175]. - The company has implemented a stock incentive plan, with 300,000 new stock options granted during the reporting period, increasing the total options held to 594,000[184]. - The company’s executives were granted 200,000 new restricted stocks at a price of 17.76 CNY, with all shares yet to be unlocked[184]. - The company’s retained earnings will also support the development of high-purity process systems and optical sensing systems, which have longer payment cycles[179].