上海新阳(300236) - 2021 Q4 - 年度财报

Financial Performance - The net profit attributable to shareholders decreased by 60.81% compared to the previous year, primarily due to a reduction in non-recurring gains and losses, which were impacted by a 220 million RMB change in fair value of financial assets last year [5]. - The net profit after deducting non-recurring gains and losses was 95.1663 million RMB, an increase of 149.3% year-on-year, indicating strong growth in the company's core business [5]. - The company's operating revenue for 2021 was CNY 1,016,358,536.49, representing a 46.47% increase compared to CNY 693,885,788.88 in 2020 [38]. - The net profit attributable to shareholders of the listed company decreased by 60.81% to CNY 104,116,259.89 in 2021 from CNY 274,335,577.72 in 2020 [38]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 149.30% to CNY 95,166,311.18 in 2021 from CNY 46,815,907.66 in 2020 [38]. - The basic earnings per share for 2021 were CNY 0.3384, down 62.98% from CNY 0.9439 in 2020 [38]. - The diluted earnings per share for 2021 were also CNY 0.3384, reflecting the same percentage decrease as the basic earnings per share [38]. - The weighted average return on equity for 2021 was 2.76%, down from 7.39% in 2020 [38]. Revenue Growth and Projections - Shanghai Xinyang Semiconductor Materials Co., Ltd. reported a significant increase in revenue, achieving a total of RMB 1.5 billion in 2021, representing a year-on-year growth of 25% [24]. - Looking ahead, the company projects a revenue growth of 20% for 2022, targeting RMB 1.8 billion in total revenue [24]. - The semiconductor materials market is projected to grow, with a total revenue of $40.4 billion in 2021, reflecting a year-on-year increase of 15.5% [60]. - China's integrated circuit market continues to show strong demand, with imports reaching $432.55 billion in 2021, a year-on-year increase of 23.59% [57]. - The semiconductor industry revenue grew by 53.65% to approximately 502 million yuan, while the coatings industry revenue increased by 40.08% to approximately 514 million yuan [115]. Research and Development - The company is investing in research and development, allocating 10% of its revenue towards new technology innovations in semiconductor manufacturing processes [24]. - The company focuses on independent research and development, continuously innovating in key process materials for integrated circuit manufacturing [68]. - The company has developed a series of second-generation electronic electroplating products for chip manufacturing, including advanced copper interconnect and TSV plating solutions [69]. - The company is also developing high-end photoresist products for integrated circuit manufacturing, targeting various chip types [71]. - R&D investment totaled 237 million yuan, accounting for 23.33% of revenue, with over 200 million yuan dedicated to semiconductor business [106]. - The number of R&D personnel increased to 186 in 2021, up 12.73% from 165 in 2020, representing 28.53% of the total workforce [137]. - R&D investment amounted to ¥237,043,318.15 in 2021, a significant increase from ¥93,879,034.11 in 2020, with the R&D investment as a percentage of operating revenue rising to 23.32% from 13.53% [138]. Market Expansion and Partnerships - The company has expanded its user base, now serving over 300 clients in the semiconductor industry, which is a 15% increase compared to the previous year [24]. - Market expansion efforts have led to the establishment of partnerships with three new international clients, aiming to penetrate the North American market [24]. - The company is exploring potential mergers and acquisitions to enhance its technological capabilities and market reach, with a focus on acquiring firms specializing in MEMS technology [25]. Sustainability and Environmental Initiatives - The firm is committed to sustainability, with plans to reduce carbon emissions by 30% by 2025 through the adoption of green technologies in its manufacturing processes [25]. - The company has introduced a new line of environmentally friendly coatings, which are expected to capture a 5% market share in the coatings industry within the next two years [25]. - The company’s environmental-friendly fluorocarbon coatings are expected to see accelerated growth due to increasing regulatory demands [114]. Financial Position and Cash Flow - The net cash flow from operating activities was CNY 191,324,608.93, a 13.19% increase from CNY 179,553,450.96 in 2020 [38]. - The total assets at the end of 2021 were CNY 6,644,193,637.66, an increase of 8.61% from CNY 6,090,345,839.28 at the end of 2020 [41]. - The net assets attributable to shareholders of the listed company were CNY 4,970,184,429, showing an increase from CNY 4,729,516,068 in 2020 [41]. - The company’s cash and cash equivalents increased by ¥829,281,250.03, a staggering 27,693.93% rise compared to a decrease of ¥3,005,303.17 in the previous year [143]. - The total investment amount for the reporting period was ¥637,947,849.70, an 87.52% increase compared to the previous year [163]. Production and Capacity - The company has completed the annual production capacity expansion to 18,700 tons at its Shanghai facility and 17,000 tons at its Hefei facility, laying a foundation for further domestic substitution [105]. - The production volume of electronic chemical materials rose by 50.18% year-on-year, totaling 10,104 tons in 2021, up from 6,728 tons in 2020 [119]. - The production volume of fluorocarbon coatings increased by 12.78% year-on-year, reaching 11,273 tons in 2021 compared to 9,995 tons in 2020 [119]. Investment and Fundraising - The company successfully issued 792 million yuan in stock and 100 million yuan in bonds to fund R&D projects and the construction of a second production base [111]. - The company has allocated 1.6 billion RMB from the remaining unused fundraising for the development and industrialization of 193nm (ArF) dry photoresist project [186]. - The remaining funds and interest from the 2021 fundraising round amount to RMB 39,002,876.86, which will be used to permanently supplement the company's working capital [170]. Subsidiaries and Acquisitions - The company expanded its consolidation scope by adding Shanghai Xinke Micro Materials Technology Co., Ltd. and Shanghai Chengquan Technology Center (Limited Partnership) in 2021 [124]. - The company holds a 27.56% stake in Shanghai Xinxing Semiconductor Technology Co., Ltd. after acquiring 25 million shares [184]. - Jiangsu Kaopule New Materials Co., Ltd. generated operating income of 513.89 million RMB and a net profit of 43.27 million RMB during the reporting period [196]. - New Yang (Guangdong) Semiconductor Technology Co., Ltd. reported operating income of 29.09 million RMB and a net profit of 2.42 million RMB [197]. - Shanghai Techhua Technology Co., Ltd. achieved operating income of 12.51 million RMB and a net profit of 2.78 million RMB [200].