PNC(SH:603690)2023-04-07 16:00Workforce and Employment - The company reported a total of 1,628 employees, with 56 in the parent company and 1,572 in major subsidiaries[8] - The company has no retired employees requiring expenses, indicating a stable workforce[8] - The company has a total of 485 production staff, 149 sales personnel, and 779 technical staff, reflecting a strong operational structure[8] - The company has implemented various training programs for employees, covering onboarding, skills training, and safety education[67] Environmental Compliance and Initiatives - The company has implemented carbon reduction measures, achieving a reduction of 1,196 tons of CO2 equivalent emissions through the use of solar power[24] - The company has maintained compliance with environmental regulations, with no pollution incidents reported during the reporting period[16] - The company has no environmental pollution events and has met all emission standards[16] - The company has invested RMB 7,660,000 in environmental protection during the reporting period[77] - The company’s pollution control facilities operated normally, with all major pollutant indicators meeting environmental discharge standards[63] - The company has not experienced any significant environmental violations or received administrative penalties during the reporting period, indicating a strong commitment to environmental protection[82] - The company is classified as a key pollutant discharge unit, with specific pollutants including particulate matter, arsenic compounds, and various acids, all of which are within regulatory limits[82] - The company has reported zero instances of exceeding pollutant discharge limits during the reporting period, demonstrating effective environmental management practices[82] Financial Performance and Shareholder Returns - The company reported a net profit attributable to ordinary shareholders of RMB 282,441,993.73 for the year, with a cash dividend amounting to RMB 42,357,669.36, representing 15% of the net profit[72] - Total cash dividends, including share repurchases, amounted to RMB 87,351,989.36, which is 30.93% of the net profit attributable to ordinary shareholders[72] - The company has not proposed a cash profit distribution plan for the reporting period, citing the need to reserve funds for future business development and to mitigate financial risks[70] - The company plans to distribute a cash dividend of 1.324 yuan per 10 shares (including tax) and issue 2 bonus shares for every 10 shares (including tax) for the year 2022[86] - The net profit attributable to shareholders was RMB 282,441,993.73, a slight increase of 0.24% from RMB 281,764,365.40 in the previous year[137] - The net profit after deducting non-recurring gains and losses increased by 76.03%, reaching RMB 285,451,743.60 compared to RMB 162,159,706.57 in 2021[137] Corporate Governance and Compliance - The company has revised its independent director work system and related transaction decision-making procedures[27] - The company guarantees that it will not engage in any related party transactions that could harm the interests of its shareholders[50] - The company has confirmed that there are no direct or indirect competitive activities with its controlling shareholders or related enterprises[50] - The company has established measures to ensure fair pricing in related party transactions and will adhere to disclosure obligations[50] - The company has committed to linking its compensation system to the execution of measures to compensate for any dilution of immediate returns[34] - The company will not use its assets for unrelated investments or consumption activities[34] - The company has pledged to avoid any illegal occupation of funds or assets from its subsidiaries[50] - The company has stated that it will not provide guarantees or loans to its controlling shareholders or related parties[50] - The board of directors and senior management have confirmed the authenticity and completeness of the annual report, taking legal responsibility for any misstatements[97] Business Growth and Market Position - The total new orders for the year 2022 amounted to 4.219 billion RMB, representing a year-on-year growth of 30.62%[122] - New orders for semiconductor process equipment reached 1.8 billion RMB, an increase of 60.71% compared to the previous year[122] - The company’s core business focuses on providing lifecycle products and services for wafer fabs, covering construction to stable operation phases[123] - The company has established itself as the largest domestic supplier of high-purity process system support equipment, effectively replacing the previous foreign monopoly[125] - The company’s core technology surpasses domestic competitors, with some functions exceeding international brands[125] - The company serves 80% of its business to the integrated circuit field, focusing on semiconductor process equipment and system integration[185] Research and Development - The company has accumulated 623 patent applications, including 299 invention patents, and has 416 authorized patents, emphasizing its commitment to innovation and intellectual property protection[182] - The company has established a semiconductor module and component manufacturing base in Haining, focusing on the independent research and development of key components for wet cleaning equipment[170] - The company has successfully developed core equipment and related control software for high-purity process systems, achieving ppb-level impurity control[174] - The company has established the first domestic 12-inch wafer regeneration line, providing cleaning and surface treatment services for components in processes of 7nm and above[196] Financial Strategy and Cash Flow - The company’s cash flow management strategy includes retaining undistributed profits for operational and investment needs in the semiconductor sector[70] - The net cash flow from operating activities was negative at RMB -807,879,519.50, compared to RMB -190,723,819.30 in the previous year[137] - The company returned 384.71 million RMB of idle raised funds to the fundraising account to supplement liquidity[120] Equipment and Technology Development - The company’s S300 series single-wafer cleaning equipment covers processes from 40nm to 7nm, focusing on critical cleaning applications[188] - The company’s backside clean process can achieve less than 10 remaining particles for wafers above 40 nanometers, with metal contamination controlled within 1E+9 atoms/cm²[187] - The company has built the first fully domestically produced 12-inch wafer advanced process bulk gas supply factory in Shanghai, which has been operating stably for over a year[172] - The company’s wet cleaning equipment can fully cover the market demand for various segments in wafer manufacturing, including advanced process logic circuits and high-density storage[152] - The company’s sulfuric acid recovery system can achieve over 80% recovery, saving users $1.6 to $1.8 million annually in sulfuric acid costs[162] Future Plans and Market Outlook - The company plans to raise up to RMB 1.8 billion through a private placement to fund projects including single-wafer wet process modules and high-purity equipment, supporting existing business expansion and new equipment development[182] - The global semiconductor industry sales increased from $204.4 billion in 2000 to $555.9 billion in 2021, with the semiconductor equipment market reaching $103 billion in 2021, a 42.24% increase from 2020[183] - China's semiconductor self-sufficiency rate is only 27%, with a target of 40% by 2020 and 50% by 2025, indicating significant growth potential in the semiconductor sector[184]