银河微电(688689) - 2021 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2021 was CNY 832,354,020.45, representing a 36.40% increase compared to CNY 610,235,005.07 in 2020[21]. - The net profit attributable to shareholders for 2021 was CNY 140,871,314.60, which is a 102.58% increase from CNY 69,538,921.58 in 2020[21]. - The net profit after deducting non-recurring gains and losses was CNY 129,346,071.87, up 126.43% from CNY 57,125,303.17 in 2020[21]. - The cash flow from operating activities for 2021 was CNY 112,890,594.29, a 51.94% increase from CNY 74,297,702.95 in 2020[21]. - The total assets at the end of 2021 were CNY 1,390,429,749.32, reflecting a 71.85% increase from CNY 809,105,481.52 at the end of 2020[21]. - The net assets attributable to shareholders at the end of 2021 were CNY 1,074,550,646.22, an increase of 86.49% from CNY 576,207,759.20 at the end of 2020[21]. - The company achieved operating revenue of ¥832,354,020.45, an increase of 36.40% year-on-year[22]. - Net profit attributable to shareholders reached ¥140,871,314.60, up 102.58% compared to the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥129,346,071.87, an increase of 126.43% year-on-year[22]. - The gross margin for the semiconductor components segment improved, with a revenue increase of 35.38% and a cost increase of 29.08%[92]. Dividend and Share Capital - The company plans to distribute a cash dividend of 3.50 CNY per 10 shares, totaling 44.94 million CNY, which accounts for 31.90% of the net profit attributable to shareholders for the year 2021[6]. - As of December 31, 2021, the total share capital of the company was 12.84 million shares[6]. - The company has not proposed any bonus shares or capital reserve transfers to increase share capital for the year 2021[6]. Governance and Compliance - The company has received a standard unqualified audit report from the accounting firm[5]. - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[5]. - The company has not reported any instances where more than half of the directors could not guarantee the authenticity and completeness of the annual report[8]. - The company has established a governance structure with clear responsibilities and effective internal controls, enhancing operational compliance[128]. - The company revised its governance documents, including the Articles of Association and various management rules, to improve governance and internal controls[129]. - There were no significant differences between the company's governance practices and the regulations set by the China Securities Regulatory Commission[130]. - The company confirmed no issues regarding independence or autonomous operational capability in relation to its controlling shareholder[130]. Research and Development - The company invested a total of 178.58 million yuan in semiconductor discrete device industry enhancement and R&D center improvement projects[34]. - R&D investment amounted to 47.52 million yuan, representing a 34.39% increase year-on-year, with 16 ongoing projects and 4 new core technologies developed[35]. - The company holds a total of 202 valid patents, including 24 invention patents, with 16 new patents granted during the reporting period[35]. - The company is actively involved in the development of new semiconductor materials such as SiC and GaN, which are expected to mature in the near future[47]. - The company has developed high-density SMC packaging power diodes and completed research on third-generation semiconductor power device packaging[57]. - The company has established a long-term incentive mechanism to foster mutual success between employees and the organization[184]. Market Strategy and Expansion - The company is focused on expanding its market presence and enhancing its product offerings in the semiconductor industry[14]. - The company aims to achieve sustainable growth through strategic partnerships and potential acquisitions in the future[14]. - The company plans to continue expanding its production capacity to meet the growing demand in the consumer electronics market[22]. - The company plans to continue expanding its market presence, particularly in Taiwan, leveraging the growing demand in the consumer electronics sector[93]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 500 million yuan earmarked for potential deals[143]. Environmental Responsibility - The company is classified as a key pollutant discharge unit, with all major pollutants meeting the required standards, including suspended solids at 400 mg/L and chemical oxygen demand at 500 mg/L[185]. - The company has established a comprehensive wastewater treatment system, ensuring that production wastewater meets municipal discharge standards before entering the sewage system[188]. - The company has achieved compliance with air pollutant discharge standards, including sulfuric mist at 45 mg/m³ and volatile organic compounds at 120 mg/m³[185]. - The company emphasizes the integration of environmental protection concepts into daily operations, contributing to ecological conservation efforts[183]. - The company received the "Jiangsu Province Green Factory" title in 2021, reflecting its commitment to environmental protection and sustainable practices[195]. Risks and Challenges - The company faces risks related to new product development and technological research not meeting expectations, which could impact performance growth[77]. - The company relies heavily on external chip procurement, which poses a risk if certain chips cannot be sourced[80]. - The company faces risks related to the loss of core technical personnel and potential technology leaks, which could weaken its market competitiveness[78]. - The company is at risk of falling behind international competitors in technology and market share if it fails to innovate and meet market demands[82]. Employee and Management - The company employed a total of 1,087 staff, including 715 production personnel and 160 R&D personnel[164]. - The total remuneration for directors, supervisors, and senior management in 2021 amounted to RMB 6.805 million, including independent directors[149]. - The company has a performance-based incentive system and provides annual performance bonuses to employees[165]. - The company has implemented a training program for various employee levels to enhance skills and management capabilities[166].