Sino-Microelectronics(SH:600360)2024-04-29 15:08Financial Performance - Basic earnings per share decreased by 33.33% to 0.04 yuan in 2023, down from 0.06 yuan in 2022[22]. - The weighted average return on equity fell to 1.13% in 2023, a decrease of 0.66 percentage points from 1.79% in 2022[22]. - The company reported a revenue of ¥1,741,756,017.59 in 2023, a decrease of 10.82% compared to ¥1,953,144,398.94 in 2022[23]. - Net profit attributable to shareholders was ¥36,869,423.90, down 36.16% from ¥57,748,815.77 in the previous year[23]. - The net cash flow from operating activities decreased by 36.49% to ¥312,235,924.81 from ¥491,660,397.56 in 2022[23]. - The total assets at the end of 2023 were ¥6,680,485,318.29, a decline of 3.21% from ¥6,902,141,258.20 at the end of 2022[23]. - The company achieved operating revenue of CNY 1,741,756,017.59, a decrease of 10.82% year-on-year[53]. - The net profit attributable to shareholders was CNY 36,869,423.90, down 36.16% compared to the previous year[53]. - The company’s cash flow from operating activities decreased by 36.49% to CNY 312,235,924.81[55]. Dividend Distribution - The company plans to distribute a cash dividend of 0.116 yuan per 10 shares, totaling 11,139,425.53 yuan, which accounts for 30.21% of the net profit attributable to ordinary shareholders[5]. - The company has established a cash dividend policy that mandates a minimum of 20% of the distributable profits to be distributed as cash dividends, provided certain conditions are met[130]. - The company plans to distribute a cash dividend of 0.185 RMB per 10 shares, totaling 17,765,463.12 RMB for the fiscal year 2022[133]. - The cash dividend distribution was approved at the annual shareholders' meeting held on May 19, 2023, with the record date set for June 29, 2023, and the payment date on June 30, 2023[133]. - The company reported a cash dividend amount of 11,139,425.53 RMB, which represents 30.21% of the net profit attributable to ordinary shareholders in the consolidated financial statements[136]. Operational Efficiency and Development - The company achieved significant growth in key product sales volumes and sales amounts in emerging fields such as clean energy and automotive electronics[29]. - The company has completed the full series development of SiC SBD and SiC MOSFET products, enhancing its product portfolio[29]. - The company is focusing on the development of new generation Trench FS IGBT products for applications in white goods, energy storage, and new energy vehicles[31]. - The company has established long-term cooperative relationships with suppliers and customers, improving production efficiency and operational quality[33]. - The company has strengthened its internal control construction to prevent operational risks and ensure stable performance growth[34]. - The company has implemented a structured approach to enhance customer service and satisfaction, optimizing order fulfillment models[33]. - The company has an annual chip processing capacity of 4 million pieces and packaging resources of 2.4 billion units, with over 160 patents, achieving advanced levels in the industry[41]. - The company is expanding its market presence in emerging sectors such as new energy vehicles and industrial control, with significant growth in demand for power semiconductor components like IGBT and MOSFET[40]. - The company is focusing on digital transformation and smart manufacturing to enhance management efficiency and optimize chip manufacturing processes[37]. - The company is actively optimizing its IGBT product parameters for various applications, resulting in a new generation of IGBT technology with lower conduction and switching losses[44]. - The company is committed to enhancing its core competitiveness through continuous process optimization and cost reduction in chip manufacturing[35]. Research and Development - The company’s R&D expenses were CNY 106,149,475.55, reflecting a slight increase of 0.85% year-on-year[55]. - The company has achieved a high growth rate in patent authorization, with a total of 167 valid patents by the end of 2023, including 28 new patents granted during the reporting period[42]. - The company is developing a new generation of 100V-650V GaN power devices, aiming for a 30% increase in power density, and optimizing SiC SBD products for lower VF and higher reliability[92]. - The company is also iterating on IGBT product technology and accelerating the development of new power devices for applications in photovoltaic, industrial control, and electric vehicles[93]. - The company has implemented a technical innovation reward system specifically for R&D personnel to encourage innovation and performance[125]. Governance and Compliance - The company’s financial report received a qualified audit opinion from the accounting firm[5]. - The company has established an internal control framework, including management systems and risk databases, to enhance risk prevention capabilities[101]. - The company has not identified any insider trading incidents related to sensitive information during the reporting period[102]. - The company has been proactive in addressing regulatory compliance issues, as evidenced by the multiple warnings received and subsequent actions taken[112][113]. - The company has maintained a consistent attendance record at board meetings, indicating strong governance practices[117]. - The company is focused on improving its disclosure practices to avoid future regulatory penalties[112]. - The total remuneration for senior management during the reporting period amounted to CNY 4,772,415, with an average of CNY 331.09 per person[105]. - The company has established a performance evaluation mechanism for senior management, linking performance results to compensation[137]. Environmental Responsibility - The company invested 2.43 million RMB in environmental protection during the reporting period[145]. - The company achieved a total wastewater discharge of 1,515,131 tons, with all monitored pollutants meeting the discharge standards[146]. - The company reported a reduction of 840,137 tons in carbon dioxide equivalent emissions through the implementation of carbon reduction technologies during production[155]. - The company has established a comprehensive wastewater treatment system and air pollution control facilities, which are regularly inspected and maintained[148]. - The company adheres to the ISO 14001 environmental management system, focusing on pollution reduction and green production[154]. - The company’s products are widely used in clean energy applications, contributing to national green development and carbon neutrality goals[156]. Risks and Challenges - The semiconductor industry may face risks from macroeconomic conditions, increased competition due to capital influx, and unstable international trade situations[94]. - The audit report indicates a qualified opinion due to the inability to obtain sufficient appropriate audit evidence regarding certain amounts, impacting the overall financial statement reliability[199].