Giantec Semiconductor(SH:688123)2023-04-13 16:00Financial Performance - Giantec Semiconductor Corporation reported a net loss for 2022, continuing its trend of unprofitability since its listing[5]. - The company's operating revenue for 2022 was ¥980,432,751.80, representing an increase of 80.21% compared to ¥544,053,914.82 in 2021[22]. - The net profit attributable to shareholders for 2022 was ¥353,772,730.13, a significant increase of 226.81% from ¥108,251,077.72 in 2021[22]. - The net profit after deducting non-recurring gains and losses reached ¥392,779,577.84 in 2022, up 361.13% from ¥85,177,275.31 in 2021[22]. - The net cash flow from operating activities for 2022 was ¥288,239,664.54, an increase of 413.66% compared to ¥56,114,989.69 in 2021[22]. - The company's total assets at the end of 2022 were ¥2,057,373,856.38, reflecting a growth of 25.52% from ¥1,639,096,445.28 at the end of 2021[22]. - The basic earnings per share for 2022 was ¥2.93, a 225.56% increase from ¥0.90 in 2021[23]. - The comprehensive gross margin increased by 28.25 percentage points due to the higher sales proportion of high-value-added products[88]. Research and Development - The company is focused on expanding its market presence and developing new technologies, although specific figures were not disclosed in the provided content[18]. - The report indicates that the company is actively engaged in research and development of new products, although specific details were not provided in the content[18]. - The R&D investment for 2022 was ¥134,026,800, accounting for 13.67% of operating revenue, slightly up from 13.66% in 2021[23]. - The company implemented stock incentive plans in 2021 and 2022 to enhance the motivation of R&D personnel, effectively improving the conversion rate of R&D investments[23]. - The company has a strong focus on R&D, with multiple core technologies including online error correction technology and high-efficiency charge pump design technology for EEPROM and NOR Flash applications[107]. - The number of R&D personnel increased to 110, accounting for 48.03% of the total workforce, up from 42.94% in the previous period[143]. - R&D expenses amounted to ¥134,026,829.02, an 80.39% increase from ¥74,299,444.81 in the previous year, primarily due to enhanced product upgrades and new technology development[154]. Product Development and Market Strategy - The company launched the world's first 1.2V EEPROM product for smartphone camera modules, successfully entering mass production and enhancing brand recognition[57]. - The company has developed new DDR5 memory module SPD products in collaboration with Longsys Technology, targeting the personal computer market[58]. - The company plans to enhance its market competitiveness in automotive-grade EEPROM products and aims to develop higher-grade products meeting ISO 26262 standards[80]. - The company has developed a series of NOR Flash products based on the NORD process platform, achieving batch supply to certain application markets during the reporting period[81]. - The company is developing multiple specifications of smart card chips, with a project value of ¥2,502.60 million, currently in the engineering sample testing phase[157]. - The company is entering the NOR Flash market to improve its layout in the non-volatile memory chip market, ensuring long-term development[197]. Market Risks and Challenges - The company faces risks from increasing market competition, particularly from domestic competitors employing low-price strategies[151]. - The company acknowledges the risk of declining average selling prices for its products due to rapid industry competition and technological advancements, which could adversely affect future financial performance[177][192]. - The company faces risks related to inventory valuation and potential write-downs if market demand is inaccurately predicted, leading to increased inventory turnover risks[189]. - The company has a high concentration of suppliers, which poses risks if any supplier faces operational difficulties or capacity constraints, potentially impacting production[193]. - There are risks of significant performance decline or losses due to market fluctuations[199]. - The company faces risks related to talent retention, which could impact its operational efficiency and innovation capabilities[200]. Corporate Governance and Compliance - The financial report was confirmed to be true, accurate, and complete by the company's responsible personnel[6]. - The company achieved ISO 9001 certification and IATF 16949:2016 compliance, ensuring high product quality and reliability to meet stringent requirements from well-known end application manufacturers[179]. - The company is recognized as a "national specialized and innovative small giant" enterprise, highlighting its competitive edge in the semiconductor industry[108]. - The company has received multiple industry honors, including recognition as a "specialized, refined, distinctive, and innovative" enterprise, enhancing its market reputation[191].