通富微电(002156) - 2018 Q4 - 年度财报

Financial Performance - The company's operating revenue for 2018 was ¥7,222,862,993.75, representing a 10.79% increase compared to ¥6,519,255,165.45 in 2017[14] - The net profit attributable to shareholders of the listed company was ¥126,939,560.26, a 3.94% increase from ¥122,129,358.22 in the previous year[14] - The net profit after deducting non-recurring gains and losses was ¥42,513,128.00, showing a significant increase of 1,208.82% compared to ¥3,248,193.62 in 2017[14] - The total assets at the end of 2018 were ¥13,968,377,342.51, reflecting a 15.00% increase from ¥12,146,404,900.52 at the end of 2017[15] - The net assets attributable to shareholders of the listed company were ¥6,134,345,314.38, a 3.63% increase from ¥5,919,382,239.15 in 2017[15] - The basic earnings per share for 2018 were ¥0.11, down 15.38% from ¥0.13 in 2017[14] - The diluted earnings per share also stood at ¥0.11, reflecting the same decrease of 15.38% compared to the previous year[14] - The weighted average return on equity was 2.12%, down from 3.07% in 2017, indicating a decline of 0.95%[14] Cash Flow and Investments - The net cash flow from operating activities decreased by 25.44% to ¥752,859,484.21 from ¥1,009,689,947.96 in 2017[14] - The company’s cash flow from operating activities in Q3 2018 was CNY 240.57 million, and in Q4 2018, it was CNY 348.53 million[18] - Operating cash inflow totaled ¥7,584,806,255.41, a 16.53% increase year-on-year, driven by higher revenue and increased collections[53] - Operating cash outflow rose by 24.23% to ¥6,831,946,771.20, mainly due to expanded production scale and increased operating costs[54] - Cash and cash equivalents decreased by 358.42% to -¥290,938,540.23, influenced by lower net cash from operating activities and investment activities[54] - Investment cash outflow increased by 28.90% to ¥2,460,890,875.57, primarily due to increased investments in facilities and equipment[54] Research and Development - The company increased its R&D investment in emerging application areas by 44.33% compared to the previous year, focusing on technologies such as 7nm packaging and Driver IC[23] - The number of R&D personnel increased by 12.41% to 1,332, while R&D expenditure accounted for 7.78% of total revenue, up from 5.98%[52] - The company applied for a total of 67 patents in 2018, with nearly 250 domestic and international invention patents, leading in the number of US invention patents authorized among domestic peers[36] - The company is committed to accelerating new product development and patent layout in advanced packaging technologies, targeting SiP, Driver IC, Memory, and CPU[79] Market and Sales - The company achieved total revenue of CNY 7,222.86 million in 2018, an increase of 10.79% year-on-year, ranking second among the top ten global packaging and testing companies[23] - Revenue from overseas markets was ¥6,241,391,787.82, making up 86.41% of total revenue, and showing a year-on-year increase of 16.08%[41] - The company sold 2,104,986 million units of integrated circuit packaging, reflecting a year-on-year increase of 14.73%[43] - Advanced packaging products accounted for over 70% of total sales, with growth rates for WLP & BUMPING, FC, QFN, and POWRE products reaching 41%, 21%, 13%, and 11% respectively[33] Strategic Goals and Partnerships - The company’s strategic goal is to become a world-class integrated circuit packaging and testing enterprise, focusing on innovation and quality[26] - The company has established a strong customer base, with over 50% of the world's top 20 semiconductor companies and most well-known domestic integrated circuit design companies as clients[27] - The collaboration with AMD is expected to yield significant growth, with AMD's high-end EPYC processors and GPU business showing strong performance[80] Environmental and Social Responsibility - The company has maintained a 100% lead-free packaging rate, complying with EU ROHS certification standards[121] - In 2018, the company donated 970,000 yuan to social welfare activities[121] - The company has established a career health and safety management system and received OHSAS18001:2007 certification[120] - The company reported a total wastewater discharge of 214.090 tons for COD, which is below the approved limit of 220.654 tons, indicating compliance with environmental standards[126] Shareholder and Governance - The company distributed cash dividends of 0.38 yuan per share in 2018, totaling approximately 43.84 million yuan, which is 34.54% of the net profit attributable to ordinary shareholders[96][97] - The company has not proposed any cash dividend distribution plans for the years 2016 and 2017, reflecting a focus on reinvestment[96] - The company has a performance evaluation system linking management compensation to business performance, with plans to explore more incentive mechanisms in the future[176] - The annual shareholders' meeting had a participation rate of 51.23%, indicating active shareholder engagement[179] Internal Control and Audit - No significant internal control deficiencies were reported during the review period, indicating effective internal governance[186] - The audit opinion issued was a standard unqualified opinion, confirming the fair presentation of the financial statements[192] - The internal control verification report confirmed the effectiveness of internal controls in all material aspects[189] Future Outlook - The company aims to achieve a revenue target of 9.169 billion yuan in 2019, reflecting a growth of 26.94% compared to 2018[84] - The company anticipates a recovery in the semiconductor industry following market adjustments, with a positive outlook for the second half of 2019[80] - The company expects to benefit from the growth of 5G and IoT applications, which will drive demand for semiconductor components such as sensors and power management devices[79]