Shanghai Prisemi Electronics (SH:688230)2023-04-14 16:00Financial Performance - The company's operating revenue for 2022 was CNY 336.15 million, a decrease of 29.33% compared to CNY 475.65 million in 2021[24]. - The net profit attributable to shareholders for 2022 was CNY 119.45 million, reflecting a 4.30% increase from CNY 114.53 million in 2021[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 65.41 million, down 39.71% from CNY 108.49 million in 2021[24]. - The net cash flow from operating activities was CNY 64.21 million, a decrease of 29.87% compared to CNY 91.55 million in 2021[24]. - The total assets at the end of 2022 were CNY 2.21 billion, an increase of 3.00% from CNY 2.15 billion at the end of 2021[24]. - The net assets attributable to shareholders at the end of 2022 were CNY 2.17 billion, up 4.00% from CNY 2.09 billion at the end of 2021[24]. - The basic earnings per share for 2022 were CNY 1.42, a decrease of 19.77% from CNY 1.77 in 2021[25]. - The gross profit margin for the reporting period was 34.83%, a decrease of 0.74 percentage points from the previous year[96]. - The company achieved a sales revenue of 336.15 million yuan, a decrease of 29.33% compared to the previous year[93]. - The revenue from power IC products increased by 50.91%, with a production volume of 9,910.07 million units and a sales rate of 86.63%[101]. Dividend and Capital Structure - The company plans to distribute a cash dividend of 6.00 RMB per 10 shares, totaling 50,400,000 RMB (including tax), which represents 42.19% of the net profit attributable to shareholders for 2022[5]. - The company intends to increase its total share capital by 33,600,000 shares through a capital reserve conversion, raising the total share capital to 117,600,000 shares[5]. - The company has established a cash dividend policy that complies with relevant regulations and has not undergone any adjustments during the reporting period[171]. Research and Development - The R&D expenditure as a percentage of operating revenue increased to 10.35% in 2022, up 4.16 percentage points from 6.19% in 2021[25]. - The company achieved a total of 3,478.75 million CNY in R&D expenses for the year, representing an 18.21% increase from the previous year's 2,942.74 million CNY[69]. - The company filed 28 new intellectual property applications during the year, with 17 granted, bringing the cumulative totals to 148 applications and 102 grants[67]. - The company is focusing on the development of a smart high-power load protection IC with a static power consumption of 28uA and various current limiting options[74]. - The company has multiple mature product lines in the fast charging field, including PSC, PB, and PLC series, and is continuously increasing R&D investment to expand its product line[79]. Governance and Compliance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[5]. - The company has confirmed that all board members attended the board meeting[5]. - The company has maintained independence from its controlling shareholders, with no significant competition or adverse effects reported[140]. - The company has a stable governance structure with no major discrepancies from regulatory requirements[140]. - The company held three shareholder meetings, seven board meetings, and six supervisory meetings during the reporting period, ensuring compliance with governance standards[139]. Market and Industry Trends - The semiconductor market is projected to decline by 4.1% in 2023, with sales expected to reach $556.5 billion, followed by a rebound and a forecasted growth to $843.6 billion by 2026, at a compound annual growth rate of 6.5%[56]. - The global power semiconductor market is expected to grow significantly due to the demand from electric vehicles and renewable energy generation, presenting substantial opportunities for domestic manufacturers[61]. - The company is actively expanding its product applications into automotive electronics and renewable energy sectors, in addition to its existing focus areas[53]. Risk Management - The company has detailed potential risks in the "Management Discussion and Analysis" section of the report[4]. - The company faces risks related to product certification failures, which could negatively impact sales and market share[88]. - The company faces risks related to inventory depreciation and fluctuations in gross profit margins due to market conditions and competition[93]. Employee and Talent Management - The company has a total of 122 employees, with 59 in technical roles and 24 in sales[168]. - The company emphasizes talent acquisition and management, enhancing its human resources system and competitive compensation to drive business growth[44]. - The company has actively engaged in employee training programs to enhance skills and overall organizational efficiency[170]. Environmental and Social Responsibility - The company emphasizes environmental protection in its operations, with no investment in environmental protection funds during the reporting period[181]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[183]. - The company has implemented measures to enhance employee awareness of energy conservation and environmental protection[185].