GUOXIN MICRO(002049)2022-04-20 16:00Financial Performance - The company's revenue for 2021 reached ¥5,342,115,108.65, representing a 63.35% increase compared to ¥3,270,255,229.79 in 2020[12]. - Net profit attributable to shareholders was ¥1,953,785,798.57, a significant increase of 142.28% from ¥806,422,918.70 in the previous year[12]. - The net profit after deducting non-recurring gains and losses was ¥1,795,845,590.84, reflecting a 158.10% increase compared to ¥695,802,230.41 in 2020[12]. - The net cash flow from operating activities was ¥1,192,512,797.99, up 185.51% from ¥417,674,626.03 in 2020[12]. - Basic earnings per share increased to ¥3.2197, a rise of 142.28% from ¥1.3289 in the previous year[12]. - Total assets increased by 51.98% to CNY 11.59 billion from CNY 7.63 billion year-over-year[13]. - Net assets attributable to shareholders rose by 45.98% to CNY 7.24 billion from CNY 4.96 billion year-over-year[13]. - The company achieved a historical high in operating revenue and net profit, with R&D investment increasing by 43.42% to CNY 866 million[26]. - Quarterly operating revenue for Q4 2021 was CNY 1.55 billion, with a net profit of CNY 496.38 million[15]. - The company reported a net cash flow from operating activities of CNY 853.53 million in Q4 2021[15]. Business Expansion and Strategy - The company has expanded its main business into the integrated circuit field following the acquisition of Unigroup Tongxin Microelectronics Co., Ltd. and Shenzhen Guowei Electronics Co., Ltd. in 2012[9]. - The company has seen a significant increase in user data and market presence due to its strategic investments in the LED industry and integrated circuits[9]. - The company is focused on developing new products and technologies to enhance its market competitiveness and expand its operational capabilities[9]. - The company is actively expanding its market presence in the charging pile, UPS, and vehicle OBC sectors, optimizing its customer structure for stable growth in the coming years[37]. - The company has made progress in the development of high-capacity multi-application SE security chips and vehicle safety chips, with mass shipments achieved[27]. - The company is committed to building an ecosystem centered around smart chips, integrating system solutions and innovative terminals[92]. Research and Development - The company invested ¥866 million in R&D in 2021, a 43.42% increase from the previous year, and obtained 62 new intellectual property rights[40]. - The company is advancing its research and development in specialized integrated circuits, with a focus on high-performance products and maintaining a leading market position[36]. - The company has initiated the R&D of the second generation SoPC targeting artificial intelligence and machine vision fields[84]. - The company’s R&D expenses rose by 82.25% to ¥632,197,149.70, reflecting increased investment in innovation[58]. - The number of R&D personnel increased by 19.51% to 974, representing 47.14% of the total workforce[59]. Market Trends and Industry Insights - In 2021, the global semiconductor industry sales reached USD 555.9 billion, a 26.2% increase from USD 440.4 billion in 2020[19]. - China's integrated circuit industry sales were CNY 1,045.83 billion in 2021, up 18.2% year-over-year[19]. - The demand for smart security chips is increasing, driven by applications in automotive, industrial, and IoT sectors, with domestic companies enhancing their market capabilities[86]. - The special integrated circuit industry is experiencing growth due to improved domestic technology and increasing market penetration of domestic products[87]. - The quartz crystal frequency device market is benefiting from strong demand in 5G communications and automotive electronics, with opportunities for domestic manufacturers to gain market share[88]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance structure and internal control system, effectively executed in compliance with relevant laws and regulations[149]. - The company maintains a clear separation from its controlling shareholder, ensuring independence in operations and decision-making[107]. - The company has committed to transparency in information disclosure, ensuring all stakeholders have equal access to relevant information[106]. - The company has implemented a comprehensive compliance management system to ensure the proper use of funds raised from the convertible bond issuance[30]. - The company has established internal control systems for foreign exchange transactions to mitigate exchange rate risks[75]. Shareholder Relations and Dividends - The company plans to distribute a cash dividend of ¥3.25 per 10 shares, with a capital reserve increase of 4 shares for every 10 shares held[2]. - The total distributable profit available for shareholders as of December 31, 2021, was 5,444,555,455.56 RMB, with cash dividends representing 100% of the profit distribution[143]. - The company’s profit distribution plan for 2021 was designed to balance long-term development and immediate shareholder returns[143]. - The company has a structured approach to employee compensation, linking salaries to performance evaluations and annual company performance[138]. Financial Management and Investments - The company successfully completed the issuance of convertible bonds, raising a total of RMB 1.5 billion for the development and industrialization of new high-end security series chips and vehicle controller chips, alleviating liquidity pressure[29]. - The company reported a net increase in cash and cash equivalents of ¥1,732,058,431.06, a 1,133.83% increase from ¥140,380,396.62 in 2020[61]. - The company has established a strong supply chain with long-term partnerships with major foundries, ensuring sufficient production capacity[43]. - The company has not reported any related party transactions that could affect its financial independence[112]. - The company reported a total of ¥459,783,902.27 in investment properties, which are pledged as collateral for long-term loans[69]. Employee Management and Development - The core talent retention rate reached 94.1%, reflecting the company's effective talent management and employee engagement strategies[30]. - The company has established a comprehensive training system for employees, focusing on continuous improvement in personal quality and professional skills[139]. - The total number of employees at the end of the reporting period is 2,066, with 57 in the parent company and 2,009 in major subsidiaries[136]. - The educational background of employees shows 547 with a master's degree or above, 733 with a bachelor's degree, and 786 with a college degree or below[137]. Future Outlook - The company provided a positive outlook for 2022, projecting a revenue growth of 25% driven by new product launches and market expansion strategies[99]. - New product development efforts include the introduction of three innovative semiconductor products expected to contribute an additional 300 million yuan in revenue[99]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[99]. - A strategic acquisition of a smaller tech firm was announced, which is expected to enhance the company's R&D capabilities and add 200 million yuan in annual revenue[99].