FHEC(SH:688362)2023-12-14 16:00Financial Performance - Long-term payables decreased by 65.93% to CNY 41.47 million due to a reduction in long-term payables exceeding one year[3] - Deferred income increased by 176.99% to CNY 283.02 million, primarily due to an increase in government subsidies related to assets[3] - Deferred tax liabilities rose by 122.42% to CNY 79.94 million, attributed to new equipment exceeding CNY 5 million acquired during the reporting period[3] - The company reported a significant increase in revenue, achieving a total of 23.55 million in waste film glue and 148.66 million in waste tank liquid[45] - The net profit attributable to shareholders decreased by 57.11% to ¥138,131,472.10 due to macroeconomic factors and industry cyclicality[160] - In 2022, the company achieved operating revenue of ¥2,176,992,689.58, representing a year-on-year growth of 5.96%[160] Market Overview - The global semiconductor market size reached USD 573.5 billion in 2022, with a year-on-year growth of 3.2%, significantly slowing from 26.2% in 2021[11] - China's semiconductor sales in 2022 amounted to USD 180.4 billion, accounting for approximately 32.5% of the global market[11] - The semiconductor industry is expected to gradually recover in 2023, driven by emerging applications such as AI, data centers, 5G, and smart vehicles[11] - The semiconductor industry is experiencing a significant slowdown due to geopolitical tensions and global economic deceleration, impacting overall demand[160] Technological Development - The company focuses on integrated circuit packaging and testing, providing solutions primarily for integrated circuit design firms, with products including high-density fine-pitch bump flip chip products, system-in-package (SiP), and flat no-lead packages[133] - In 2022, the company successfully developed and achieved stable mass production of advanced packaging technologies, including system-level mixed packaging and 5nm wafer flip chip technology[133] - The company has accumulated significant technological reserves by mastering EMI shielding technology and bumping technology, and is actively developing advanced packaging technologies such as Fan-in/Fan-out and 2.5D/3D packaging[133] - The company emphasizes aligning its R&D and product development with advanced wafer process developments and market demands, ensuring competitiveness in the semiconductor packaging sector[133] - The company has made significant investments in R&D to maintain its competitive edge in advanced packaging technology, reflecting a strategic focus on innovation[133] Leadership and Governance - Wang Shunbo has been serving as the Chairman and General Manager of Yongxi Electronics since November 2017, indicating strong leadership continuity[20] - Xu Linhua has been the Deputy General Manager of Yongxi Electronics since November 2017, contributing to sales strategy and execution[20] - Xu Yupeng has held the position of Deputy General Manager at Yongxi Electronics since October 2020, focusing on R&D management[20] - Gao Wenming has been involved in multiple leadership roles across various companies since 2009, enhancing operational expertise in the mechanical sector[20] - Yongxi Electronics has a diverse leadership team with extensive experience in the semiconductor and electronics industries, positioning the company for growth[20] - The company has expanded its board with new directors and supervisors, enhancing governance and oversight capabilities[24] Environmental and Social Responsibility - The company is committed to ESG (Environmental, Social, and Governance) practices, as indicated by its affirmative response to ESG-related inquiries[41] - The company has made significant investments in environmental protection measures, including wastewater and air treatment systems[46] - The company has established a comprehensive air pollution control system, including activated carbon adsorption and spray tower devices for exhaust gas treatment[46] - The company has implemented an environmental self-monitoring plan, conducting timely monitoring of wastewater, waste gas, and noise, with all pollutant monitoring results meeting standards during the reporting period[69] - The company donated a total of 20 million RMB to charity funds during the reporting period[90] - The company is involved in poverty alleviation projects in Sichuan and Zhejiang, supporting local economies by purchasing local agricultural products[74] Compliance and Risk Management - The company has not faced any penalties from securities regulatory authorities in the past three years, reflecting a strong compliance record[25] - There were no significant defects in internal controls reported during the period, indicating a stable operational environment[39] - The company has established emergency response plans for environmental pollution incidents, which have been filed with local environmental authorities[86] - The company has not faced any legal violations or penalties during the reporting period[79] - The company has committed to strictly adhere to laws and regulations regarding shareholder rights and to avoid any illegal occupation of company funds and assets[109] Shareholder Relations - Employee stock ownership includes 152 participants, representing 5.09% of total employees, with 4,015,094.42 shares held, accounting for 9.85% of total share capital[76] - The company will implement stock price stabilization measures if the stock price remains below the latest audited net asset value for 20 consecutive trading days[118] - The actual controller has committed to using at least 10% of their after-tax salary for share repurchase to stabilize the stock price[118] - The company has confirmed that it will not provide any form of illegal guarantees for shareholders[109] - The company has committed to ensuring fair and reasonable pricing for any unavoidable related party transactions[109] Investment and Financial Strategy - The company plans to enhance the competitiveness of existing business segments to improve profitability by exploring new production management and sales models, expanding domestic and international customers, and strengthening accounts receivable collection[119] - The company aims to accelerate the construction of fundraising investment projects to achieve expected benefits as soon as possible after the funds are in place[119] - A profit distribution policy will be established to strengthen the investor return mechanism, with a three-year dividend return plan to be strictly executed under certain conditions[119] - The company will ensure that raised funds are used effectively according to their intended purposes, adhering to relevant regulations[119] - The company has a total commitment to invest ¥1,500,000,000 in fundraising projects, with an adjusted total investment commitment of ¥1,009,078,959.63[1]