MINDEO(SZ:300656)2023-04-24 16:00Manufacturing and Supply Chain - The company aims to enhance the manufacturing process of power semiconductor components to meet the demand for domestic chip production, addressing the high dependency on imports [8]. - The company recognizes the importance of supply-side structural reforms for high-quality economic development, positioning itself as a key player in the advanced manufacturing sector [7]. - The company emphasizes the need for continuous technological innovation to improve power semiconductor manufacturing processes, ensuring a stable supply chain for strategic emerging industries [8]. - The company is committed to addressing the bottlenecks in the semiconductor supply chain, which are critical for the development of renewable energy and new energy vehicles [8]. - The company has built a stable and sustainable supply chain integration capability, focusing on lean production and resource optimization [68]. Strategic Investments - The company invested 1.5 billion CNY in wafer foundry Guangxin Microelectronics, with total equity investment reaching 2.1 billion CNY [21]. - The company made a strategic investment of 1 billion CNY in ultra-thin back-side foundry Zhejiang Chip Microtech, which is expected to start production in Q3 2023 [23]. - The company’s investment in Jiangsu Lijun Power Semiconductor Co., Ltd. amounted to 20 million CNY, enhancing its collaboration in the power semiconductor sector [24]. - The company’s investment in Jingrui Electronics resulted in a fivefold increase in valuation over two years, with a successful financing round raising several hundred million CNY [24]. - The company has invested in upstream core segments of the power semiconductor industry, including wafer raw materials and wafer foundry, to build a robust ecosystem for long-term development [62]. Financial Performance - The company's operating revenue for 2022 was ¥518,197,303.02, a decrease of 5.14% compared to ¥546,284,194.43 in 2021 [48]. - Net profit attributable to shareholders for 2022 was ¥89,709,237.83, an increase of 17.83% from ¥76,133,587.26 in 2021 [48]. - The net cash flow from operating activities increased by 64.87% to ¥78,696,244.80 from ¥47,732,424.16 in 2021 [48]. - The company reported a government subsidy of 2,458,394.37 in 2022, slightly up from 2,412,082.18 in 2021 [54]. - The company achieved total operating revenue of 518.1973 million yuan, a decrease of 28.0869 million yuan or 5.14% year-on-year [71]. Product Development and Innovation - The company aims to upgrade its entire product line to incorporate deep learning capabilities in 2023, addressing technological gaps compared to high-end competitors [27]. - The company has established a complete product system for barcode recognition technology, achieving performance levels comparable to international leaders [58]. - The company is developing a new type of trench SiC Schottky diode to enhance reliability and performance in its product line [100]. - The company has completed the development of a new ultra-thin scanning engine, which is now in mass production, enhancing product competitiveness [98]. - The company plans to launch 80V and 100V SGT-MOSFET products in the first half of 2023, with development for 150V and 200V products anticipated to start in the second half of 2023 [74]. Market Strategy and Growth - The smart IDM ecosystem strategy focuses on three core aspects: talent as the core, trust as the bond, and differentiation as the innovation strategy, aiming to meet domestic market needs for imported chip replacements [12]. - The company is focused on building a robust ecosystem that supports the long-term development of the semiconductor industry in China, leveraging its position in the largest consumer market [13]. - The company plans to deepen its focus on barcode recognition and power semiconductors, aiming to enhance product structure and increase overseas market share [135]. - The company is actively pursuing mergers and acquisitions to accelerate growth and diversify its product offerings [159]. - Future guidance indicates a projected revenue growth of approximately 15% for the upcoming fiscal year, driven by increased demand in key markets [159]. Governance and Management - The company has established a fair and transparent performance evaluation and incentive mechanism for senior management [148]. - The company has maintained a strong financial position, with no debt incurred from the controlling shareholder, ensuring operational independence [146]. - The company has implemented a strict internal audit system to oversee economic operations and internal controls [148]. - The board of directors has been restructured to enhance governance, with three independent directors now in place [146]. - The company has a governance structure that includes a shareholders' meeting, board of directors, supervisory board, and management team [150]. Employee and Social Responsibility - The company emphasizes employee rights protection, providing comprehensive social insurance and improving working conditions [195]. - The company has established a comprehensive training system to enhance employee skills, including management capability improvement training and professional skills training for key employees [179]. - The total number of employees at the end of the reporting period is 244, with 76 in the parent company and 168 in major subsidiaries [176]. - The professional composition includes 73 production personnel, 29 sales personnel, 76 technical personnel, 16 financial personnel, 17 administrative personnel, 8 procurement personnel, 10 warehouse personnel, and 15 others [176]. - The company respects and protects the rights of stakeholders, promoting balanced interests among shareholders, employees, and society [149]. Environmental and Compliance - The company has implemented measures to comply with environmental regulations, with no reported pollution emissions during the reporting period [193]. - The company has not engaged in any poverty alleviation or rural revitalization initiatives during the reporting period [197]. - The company has fulfilled its commitments regarding the authenticity and completeness of information provided during the asset restructuring process, with a commitment date of March 2018 and a long-term validity [200]. - There are no ongoing significant lawsuits, arbitrations, or administrative penalties against the company or its major stakeholders, ensuring compliance and legal safety [200]. - The company has not reported any issues or discrepancies in the use of raised funds [124].