USC(SH:688403)2024-04-19 12:22Financial Performance - The proposed cash dividend for 2023 is CNY 1.00 per 10 shares, totaling CNY 82,440,627.70, which accounts for 42.06% of the net profit attributable to shareholders[5]. - The company has not achieved profitability since its listing[3]. - The company reported a significant increase in revenue, achieving a total of RMB 1.2 billion in 2023, representing a year-over-year growth of 25%[14]. - The company's operating revenue for 2023 reached ¥1,238,293,041.85, representing a year-on-year increase of 31.78% compared to ¥939,652,817.36 in 2022[22]. - The net profit attributable to shareholders for 2023 was ¥195,985,017.79, which is a 10.59% increase from ¥177,224,972.73 in 2022[22]. - The net profit after deducting non-recurring gains and losses was ¥168,194,709.94, up 33.30% from ¥126,181,697.44 in the previous year[22]. - The gross margin for the year was reported at 35%, an increase from 30% in the previous year, reflecting improved operational efficiency[14]. - The company achieved a product yield rate of over 99.90%, reflecting its strong quality management capabilities[80]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY for the fiscal year, representing a growth of 20% year-over-year[164]. Research and Development - The company is investing RMB 200 million in R&D for advanced packaging technologies, aiming to improve production efficiency by 20%[14]. - R&D investment reached 78.8572 million RMB, representing a 21.06% increase compared to the previous year[35]. - The number of R&D personnel increased by 30.86% year-on-year, reaching 212[35]. - The company has accumulated a total of 29 invention patents and 388 utility model patents, with 6 new invention patents and 66 utility model patents granted during the reporting period[65]. - The company emphasizes R&D through self-initiated projects, with a structured process including project research, feasibility analysis, and sample testing[49]. - The company is focusing on expanding high-end packaging technology and applications in new display and automotive chips[35]. - The company is committed to optimizing human resource allocation to build a world-class R&D and management team, enhancing its sustainable development[144]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, with plans to establish two new distribution centers by the end of 2024[14]. - The company projects a revenue growth of 20% for the next fiscal year, aiming for a target of RMB 1.44 billion[14]. - The company plans to continue enhancing its management level and adjusting product structure to adapt to market conditions[24]. - The company is exploring acquisition opportunities to enhance its product portfolio and market presence[163]. - A strategic acquisition of a semiconductor testing firm is underway, which is anticipated to enhance the company's testing capabilities and reduce costs by 15%[14]. - The company is actively pursuing patent applications for various technologies, reflecting its commitment to innovation and market expansion[72]. Corporate Governance - The audit report issued by Tianjian Accounting Firm is a standard unqualified opinion[4]. - The company has a full attendance of board members at the board meeting[4]. - The company has established a cash dividend policy that protects the legal rights of minority investors and has planned a shareholder return plan for the next three years (2023-2025)[190]. - The company has implemented a robust insider information management system, ensuring compliance with regulatory requirements[156]. - The company emphasizes the importance of investor feedback and has established mechanisms to address reasonable suggestions from shareholders[155]. - The company has maintained a consistent governance process for its shareholder meetings, ensuring legal compliance and effective decision-making[158]. Operational Efficiency - The company is promoting the automation and information technology of production lines to improve operational efficiency and reduce costs[38]. - The company plans to reduce operational costs by 15% through automation and process improvements in the next fiscal year[167]. - The company focuses on improving operational management to reduce costs and increase efficiency through process optimization and automation[145]. - The company has achieved domestic leadership in several advanced packaging technologies, indicating a strong competitive position in the market[72]. Risks and Challenges - The company has detailed various operational risks and corresponding mitigation measures in the report[3]. - The company faces risks related to technological upgrades and competition from industry leaders, which may impact its market competitiveness[86]. - The company has noted a trend of semiconductor production capacity shifting to mainland China, enhancing its competitive position in the industry[56]. - The company is at risk of losing core technical talent due to high competition in the integrated circuit packaging and testing industry[89]. Shareholder Engagement - The company actively engages with investors through various channels, including performance briefings and investor hotlines, to maintain transparent communication[155]. - The company held four shareholder meetings in 2023, with all resolutions passed without any being rejected[158]. - The total pre-tax remuneration for key personnel in 2023 amounted to CNY 857.55 million, with the highest individual remuneration being CNY 143.02 million[162]. - The company has not faced any penalties from securities regulatory agencies in the past three years[175]. Future Outlook - Overall, the company remains optimistic about future growth, driven by innovation and market expansion strategies[163]. - The company provided guidance for Q4 2023, expecting revenue to be between $1.6 billion and $1.8 billion, indicating a potential growth of 10% to 20%[163]. - Future outlook indicates a focus on expanding market presence and enhancing product offerings, particularly in the semiconductor sector, with strategic investments planned for 2024[170]. - The company has set ambitious performance guidance for the upcoming year, projecting a revenue growth of approximately 15% compared to the previous year[170].