苏州敏芯微电子技术股份有限公司 关于参加2022 年度半导体专场集体业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 会议线上交流时间：2023 年 5 月 17 日(星期三) 下午 14：00-16：00 证券代码：688286 证券简称：敏芯股份 公告编号：2023-032 会议召开方式：视频和线上文字互动 视 频 和 线 上 文 字 互 动 平 台 ： 上 海 证 券 交 易 所 上 证 路 演中心 （http://roadshow.sseinfo.com/） 投资者可于 2023 年 5 月 16 日(星期二)16:00 前通过邮件、电话、传真等形 式将需要了解和关注的问题提前提供给公司。公司将在文字互动环节对投资者普遍 关注的问题进行回答。 苏州敏芯微电子技术股份有限公司（以下简称"公司"）已于 2023 年 4 月 22 日发布公司 2022 年度报告，为便于广大投资者更全面深入地了解公司 2022 年度经 营成果、财务状况、发展理念，公司参与了由上交所主办的 2022 年度半导 ...

2023 年第一季度报告 证券代码：688286 证券简称：敏芯股份 苏州敏芯微电子技术股份有限公司 2023 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示 (三)第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 单位：元 币种：人民币 | 项目 | 本期金额 | 说明 | | --- | --- | --- | | 非流动资产处置损益 | | | | 越权审批，或无正式批准文件，或偶发性的税收返还、 | 147,814.39 | | | 减免 | | | | 计入当期损益的政府补助，但与公司正常经营业务密 | | | | 切相关，符合国家政策规定、按照一定标准定额或定 | 2,556,995.28 | | | 量持续享受的政府补助除外 | | | | 计入当期损益的对非金融企业收取的资金占用费 | | | | 企业取得子公司、联营企业及合营企业的投资成本小 | | | | 于取得投资时应享有被投资单位可辨认净资产公允 | | | | 价值产生的收益 | | | | 非货币性资产交 ...

Financial Performance - The net profit attributable to ordinary shareholders for 2022 was -54.93 million RMB, indicating a loss for the year[6]. - The company's operating revenue for 2022 was CNY 292.65 million, a decrease of 16.80% compared to CNY 351.76 million in 2021[22]. - The net profit attributable to shareholders for 2022 was a loss of CNY 54.93 million, a decline of 542.16% from a profit of CNY 12.42 million in 2021[22]. - The cash flow from operating activities for 2022 was a negative CNY 21.69 million, down 245.98% from a positive CNY 14.86 million in 2021[22]. - The comprehensive gross margin for 2022 was 25.75%, impacted by increased market competition and price pressure on products[126]. - The company's inventory balance at the end of the reporting period was CNY 205.37 million, with an inventory impairment provision of CNY 16.85 million, accounting for 8.20% of the inventory balance[127]. - The company achieved total revenue of CNY 292.65 million in 2022, a decrease of 16.80% year-on-year[134]. - The net profit attributable to the parent company was CNY -54.93 million, a decline of 542.16% compared to the previous year[134]. Shareholder Returns - The company will not distribute cash dividends, issue new shares, or convert reserves into share capital for the 2022 fiscal year due to its current financial situation[6]. - The report has been approved by the board of directors and requires shareholder meeting approval for the profit distribution plan[6]. - The company repurchased a total of 423,903 shares at a total cost of 19,963,989.75 RMB, which is considered as cash dividends under relevant regulations[6]. Operational Risks and Governance - The company has detailed various operational risks and corresponding countermeasures in the report[4]. - The report includes a standard unqualified audit opinion from Tianjian Certified Public Accountants[5]. - The company has not faced any non-operational fund occupation by controlling shareholders or related parties[9]. - There are no violations of decision-making procedures regarding external guarantees[11]. - The company has not disclosed any special arrangements for corporate governance[7]. - The company adheres to legal and regulatory requirements for information disclosure, ensuring transparency and fairness for all shareholders[193]. - Continuous improvement of governance structure and internal control systems to protect the rights of shareholders and enhance operational standards[194]. Research and Development - The company is focused on developing new technologies and products, including MEMS sensors and advanced packaging techniques[21]. - The company's R&D investment accounted for 23.83% of operating revenue, an increase from 21.50%[24]. - The company has established a professional MEMS sensor packaging and testing production line, significantly improving yield, capacity, and delivery capabilities[178]. - The company has a strong independent R&D and innovation advantage in MEMS sensors, with over 10 years of investment leading to core technology accumulation across chip design, wafer manufacturing, packaging, and testing[107]. - The company is focusing on multi-functional MEMS sensors that integrate various sensitive components on a single substrate to meet the growing demand for smart sensors[64]. Market Trends and Competition - The company faced intensified price competition in its main product, MEMS acoustic sensors, leading to pressure on sales prices and a decline in revenue scale and product gross margin compared to the previous year[34]. - The MEMS sensor market is expected to see increased demand due to the growth of AI and IoT technologies, expanding application scenarios across various industries[171]. - The global MEMS acoustic sensor market is projected to grow from $1.153 billion in 2018 to $1.871 billion by 2026, with a CAGR of 6.24%[166]. - The MEMS pressure sensor market is expected to increase from $1.860 billion in 2018 to $2.362 billion by 2026, with a CAGR of 3.03%[167]. Strategic Initiatives - The company aims to expand its market presence in the semiconductor and MEMS sectors, leveraging its proprietary DFM model to reduce development time and costs[21]. - The company is exploring strategic partnerships and potential acquisitions to enhance its technological capabilities and market reach[21]. - The company plans to continue expanding its overseas market presence while maintaining its primary focus on the domestic market[142]. - The company aims to enhance its market share among mid-to-high-end brand customers by upgrading existing product lines and improving performance and quality[176]. Talent and Human Resources - The number of R&D personnel increased to 175, representing 36.61% of the total workforce, up from 33.60% in the previous year[106]. - The total compensation for R&D personnel rose to 4,475.70 million RMB, compared to 3,790.28 million RMB in the previous year[106]. - The company is committed to a full industry chain R&D strategy, covering chip design, manufacturing, packaging, and testing, ensuring leading product iteration[178]. Financial Management and Internal Controls - A comprehensive financial management system will be established to improve accounting information quality and control financial indicators such as costs and cash flow[185]. - The company aims to enhance internal control and risk prevention mechanisms to ensure long-term stable development[186].

[Major Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) The company's Q1-Q3 2022 performance saw a **17.16%** revenue drop and a **325.96%** net profit decline, turning to loss, while R&D investment grew **15.85%** [Core Financial Indicators](index=1&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Core financial indicators for Q1-Q3 2022 showed a **17.16%** revenue decrease and a **325.96%** net profit decline to loss, alongside a **15.85%** increase in R&D investment Key Financial Performance Indicators | Indicator | Q1-Q3 2022 (million yuan) | YoY Change (%) | Q3 2022 (million yuan) | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 218.04 | -17.16% | 75.29 | -1.71% | | Net Profit Attributable to Shareholders of Listed Company | -19.06 | -325.96% | -12.31 | Not Applicable | | Net Profit Attributable to Parent Company (Excluding Non-recurring Items) | -25.08 | -1,242.55% | -13.55 | Not Applicable | | Basic Earnings Per Share (yuan/share) | -0.36 | -325.00% | -0.23 | Not Applicable | | Total R&D Investment | 54.86 | 15.85% | 19.07 | 5.68% | | R&D Investment as % of Revenue | 25.16% | Increased 7.17 percentage points | 25.33% | Increased 1.77 percentage points | Key Financial Position Indicators | Indicator | As of Sep 30, 2022 (billion yuan) | Change from End of Previous Year (%) | | :--- | :--- | :--- | | Total Assets | 1.123 | -3.41% | | Owners' Equity Attributable to Shareholders of Listed Company | 1.072 | -2.73% | [Non-recurring Gains and Losses](index=2&type=section&id=%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled **6.02 million yuan** in Q1-Q3 2022, mainly from government subsidies and financial asset fair value changes - In the first three quarters of 2022, total non-recurring gains and losses amounted to **6,021,543.95 yuan**, primarily comprising government subsidies (**3,958,798.98 yuan**) and financial asset-related income (**2,942,068.15 yuan**)[7](index=7&type=chunk)[8](index=8&type=chunk)[9](index=9&type=chunk) - The company classified investment income from structured deposits and large-denomination certificates of deposit purchased with raised funds as recurring gains and losses[9](index=9&type=chunk) [Analysis of Financial Indicator Changes](index=4&type=section&id=%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) The company attributed core profitability declines to weak consumer electronics demand, intensified competition, and pandemic impacts, leading to reduced sales and lower gross margins - The company attributed the significant decline in core profitability indicators, including net profit, non-recurring net profit, and earnings per share, to weakened demand in domestic and international consumer electronics markets, intensified industry competition, and the ongoing impact of the pandemic, resulting in decreased sales revenue and lower gross margins[10](index=10&type=chunk)[11](index=11&type=chunk) [Shareholder Information](index=5&type=section&id=%E4%BA%8C%E3%80%81%20%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) As of the reporting period, the company had **6,565** common shareholders, with the top ten holding **55.22%** of shares, including multiple groups of concerted parties [Shareholding Status of Shareholders](index=5&type=section&id=%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of September 30, 2022, the company had **6,565** shareholders, with **Li Gang** holding **20.11%**, and multiple concerted party relationships identified among the top ten - As of the reporting period, the company had **6,565** common shareholders[13](index=13&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Number of Shares Held (shares) | Shareholding Percentage (%) | | :--- | :--- | :--- | | Li Gang | 10,745,026 | 20.11 | | Shanghai Huaxin Venture Capital Enterprise | 4,820,349 | 9.02 | | Suzhou Industrial Park Venture Capital Co., Ltd. | 3,831,023 | 7.17 | | Suzhou Changzhong Enterprise Management Consulting Center (Limited Partnership) | 1,850,000 | 3.46 | | Mei Jiaxin | 1,664,680 | 3.12 | | Hu Wei | 1,579,206 | 2.96 | | Tibet Kaifeng Jinqu Venture Capital Co., Ltd. | 1,161,086 | 2.17 | | Suzhou Industrial Park Venture Capital Guidance Fund Management Center | 1,115,509 | 2.09 | | Suzhou Kaifeng Wansheng Venture Capital Partnership (Limited Partnership) | 1,106,411 | 2.07 | | Shanghai Hushan Investment Management Co., Ltd. - Hushan Investment (Shanghai) Partnership (Limited Partnership) | 991,360 | 1.86 | - Shareholders Li Gang, Hu Wei, Mei Jiaxin, and Suzhou Changzhong Enterprise Management Consulting Center (Limited Partnership) constitute concerted parties; Kaifeng Wansheng, Kaifeng Jinqu, and Kaifeng Changyang also form concerted parties[14](index=14&type=chunk) [Other Important Matters](index=6&type=section&id=%E4%B8%89%E3%80%81%20%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) The company disclosed no other significant operational information requiring special investor attention during the reporting period - The company has no other important operational information requiring investor attention during this reporting period[15](index=15&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=%E4%BA%94%E3%80%81%20%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) As of September 30, 2022, total assets were **1.123 billion yuan**, down **3.41%** from year-start, with negative cash flows from operating and investing activities, and a shift from profit to loss [Consolidated Balance Sheet](index=7&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2022, total assets were **1.123 billion yuan**, a **3.41%** decrease from year-start, with cash decreasing and inventory/construction in progress increasing, while total liabilities decreased by **16.34%** Consolidated Balance Sheet Summary | Major Balance Sheet Items | Sep 30, 2022 (yuan) | Dec 31, 2021 (yuan) | Change | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Monetary Funds | 298,880,635.21 | 421,935,813.77 | Decrease | | Inventory | 206,440,569.09 | 170,238,559.63 | Increase | | Construction in Progress | 203,588,471.35 | 108,023,802.33 | Increase | | **Total Assets** | **1,122,589,573.40** | **1,162,170,525.47** | **-3.41%** | | **Liabilities** | | | | | Accounts Payable | 24,810,943.05 | 27,855,563.79 | Decrease | | **Total Liabilities** | **48,694,110.70** | **58,202,652.71** | **-16.34%** | | **Equity** | | | | | Owners' Equity Attributable to Parent Company | 1,072,145,141.65 | 1,102,248,896.85 | -2.73% | | **Total Owners' Equity** | **1,073,895,462.70** | **1,103,967,872.76** | **-2.72%** | [Consolidated Income Statement](index=9&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1-Q3 2022, operating revenue decreased **17.16%** to **218 million yuan**, with operating costs decreasing less and R&D expenses increasing, resulting in a net loss of **19.03 million yuan** from a prior-year profit Consolidated Income Statement Summary | Major Income Items | Q1-Q3 2022 (yuan) | Q1-Q3 2021 (yuan) | YoY Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 218,040,306.31 | 263,191,608.76 | -17.16% | | Total Operating Costs | 254,996,478.48 | 267,347,235.39 | -4.62% | | Including: Operating Costs | 158,296,797.74 | 169,945,872.06 | -6.85% | | R&D Expenses | 54,857,871.47 | 47,353,404.01 | +15.85% | | Operating Profit | -31,041,266.73 | 810,537.06 | Turned from Profit to Loss | | Total Profit | -31,046,266.73 | 1,855,781.23 | Turned from Profit to Loss | | Net Profit | -19,028,743.38 | 9,088,283.44 | Turned from Profit to Loss | | Net Profit Attributable to Parent Company Shareholders | -19,060,088.52 | 8,435,113.36 | -325.96% | [Consolidated Cash Flow Statement](index=12&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1-Q3 2022, net cash flow from operating activities was **-25.35 million yuan** and from investing activities was **-74.50 million yuan**, primarily due to decreased sales receipts and increased capital expenditures Consolidated Cash Flow Statement Summary | Major Cash Flow Items | Q1-Q3 2022 (yuan) | Q1-Q3 2021 (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -25,349,737.19 | -13,296,734.30 | | Net Cash Flow from Investing Activities | -74,504,118.42 | -7,364,741.36 | | Net Cash Flow from Financing Activities | -23,954,418.65 | -13,876,617.06 | | Net Increase in Cash and Cash Equivalents | -123,055,178.56 | -35,143,048.75 | - Operating cash outflow increased, primarily due to reduced cash received from sales of goods and services, and increased cash paid to employees (**96.94 million yuan** vs **78.25 million yuan**)[23](index=23&type=chunk)[24](index=24&type=chunk) - Investing cash outflow expanded, mainly due to increased cash paid for the acquisition and construction of fixed assets, intangible assets, and other long-term assets, rising from **94.87 million yuan** in the prior year to **130 million yuan**[24](index=24&type=chunk)

Financial Performance - The company reported a total revenue of 500 million CNY for the first half of 2022, representing a year-on-year increase of 20%[1]. - The company's revenue for the first half of 2022 was ¥142,751,443.54, a decrease of 23.49% compared to ¥186,589,904.48 in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2022 was -¥6,751,600.33, representing a decline of 166.08% from ¥10,217,658.61 in the previous year[21]. - The net cash flow from operating activities was -¥29,213,836.64, down 282.59% from ¥15,999,627.19 in the previous year[21]. - The company reported a significant increase in revenue, achieving a total of $500 million for the quarter, representing a 25% year-over-year growth[154]. - The company reported a net profit margin of 12%, up from 10% in the previous quarter[148]. - The company achieved total revenue of 142.75 million yuan, a decrease of 23.49% year-on-year, and a net profit attributable to shareholders of the parent company of -6.75 million yuan, down 166.08% year-on-year[90]. User Growth - User data indicates a growth in active users by 15%, reaching a total of 1.2 million users by the end of June 2022[1]. - User data showed a growth of 25% in active users, totaling 2 million by the end of the quarter[148]. - User data showed an increase in active users, reaching 10 million, which is a 15% increase compared to the previous quarter[154]. Revenue Forecast and Guidance - The company expects a revenue growth forecast of 25% for the second half of 2022, driven by new product launches and market expansion strategies[1]. - The company provided guidance for the next quarter, expecting revenue to be between $520 million and $540 million, representing a growth of 4% to 8%[148]. - The company provided an optimistic outlook for the next quarter, projecting revenue to grow by 20% to $600 million[154]. Research and Development - Research and development expenses increased by 30% compared to the previous year, totaling 50 million CNY, focusing on advanced semiconductor technologies[1]. - Research and development (R&D) expenses accounted for 25.07% of operating revenue, an increase of 9.36 percentage points compared to the previous year[23]. - The total R&D investment increased by 22.11% year-on-year to approximately ¥35.78 million, with R&D expenses accounting for 25.07% of operating revenue, an increase of 9.36 percentage points[71]. - The company is investing $50 million in R&D for new technologies aimed at enhancing user experience[148]. - The company is investing $50 million in research and development for new technologies aimed at enhancing user experience[154]. Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2023[1]. - Market expansion efforts have led to a 30% increase in sales in the Asia-Pacific region[148]. - Market expansion plans include entering three new international markets by the end of the fiscal year, which is expected to increase user base by 30%[154]. Product Development and Launches - The company has launched two new products in the IoT sector, contributing to 15% of total sales in the first half of 2022[1]. - New product launches included a flagship product that contributed $100 million in sales during the quarter[148]. - New product launches are expected to contribute an additional $100 million in revenue over the next six months[154]. Profit Distribution and Shareholder Returns - The board has approved a profit distribution plan, with no plans for capital increase through reserves[1]. - Shareholder returns are prioritized, with a planned dividend payout of $J million, reflecting a K% increase from the previous year[150]. - The company committed to strictly adhere to the profit distribution policy as outlined in the draft articles of association, including cash dividend policies[157]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[1]. - The net profit attributable to shareholders decreased by 166.08% due to a decline in product demand amid a weak consumer electronics market, with total mobile phone shipments in China dropping by 21.7% year-on-year[23]. - The company faces risks related to product structure, as a significant portion of revenue comes from MEMS acoustic sensors, making it vulnerable to demand fluctuations in this segment[103]. - The company acknowledges the competitive landscape in the MEMS industry, with increasing competition from both domestic and international players as the market matures[109]. Intellectual Property and Legal Matters - The company is involved in multiple patent infringement lawsuits, including a case against Baidu regarding products with codes "MB17H11N", "MB10H11X", and "MB16H11Y" for which the company withdrew its lawsuit in December 2021[165]. - The company has faced a civil ruling in January 2022, where its claims against a competitor regarding the patent ZL201410374326.0 were dismissed, leading the company to appeal the decision[166]. - The company continues to pursue legal action to defend its patents, indicating a commitment to maintaining its technological edge[165]. Environmental and Regulatory Compliance - The company adheres to environmental regulations and has implemented measures to control emissions, including the treatment of waste gases and wastewater[135]. - The company is not classified as a heavily polluting enterprise and has taken steps to minimize its environmental footprint through green product design and sustainable practices[138]. - The company is committed to improving corporate governance and adhering to relevant laws and regulations[155]. Shareholder Structure and Management - The total number of ordinary shareholders as of the end of the reporting period is 6,079[193]. - The top ten shareholders hold a total of 53.86% of the company's shares, with the largest shareholder, Li Gang, owning 20.11%[195]. - The overall shareholder structure remains stable, with no new strategic partnerships or market expansions reported[199].

Financial Performance - The net profit attributable to shareholders for 2021 was RMB 12,424,009.95, with a cumulative distributable profit of RMB 124,084,353.54[5] - The proposed cash dividend is RMB 0.75 per share (including tax), amounting to a total of RMB 3,997,434.68, which represents 32.18% of the net profit for the year[5] - The company's operating revenue for 2021 was CNY 351,758,084.54, representing a 6.57% increase compared to CNY 330,074,706.48 in 2020[23] - The net profit attributable to shareholders decreased by 70.16% to CNY 12,424,009.95 in 2021 from CNY 41,636,093.96 in 2020[23] - The net profit after deducting non-recurring gains and losses was CNY -1,971,899.07, a decline of 105.54% compared to CNY 35,625,733.76 in the previous year[23] - The cash flow from operating activities was CNY 14,857,836.69, down 19.28% from CNY 18,405,916.32 in 2020[23] - The total assets at the end of 2021 were CNY 1,162,170,525.47, an increase of 3.42% from CNY 1,123,763,708.05 at the end of 2020[23] - The net assets attributable to shareholders increased by 3.78% to CNY 1,102,248,896.85 at the end of 2021 from CNY 1,062,135,619.94 at the end of 2020[23] - The comprehensive gross margin for 2021 was 34.97%, slightly declining due to intensified competition in certain market segments[145] Research and Development - R&D expenditure as a percentage of operating revenue increased by 8.76 percentage points to 21.50%[26] - R&D investment reached 75.62 million yuan, a 79.86% increase year-on-year, with R&D expenditure accounting for 21.50% of operating income, up 8.76 percentage points[57] - The company has obtained 43 invention patents and 135 utility model patents, with significant increases in patent applications during the reporting period[57] - The company is focusing on developing MEMS acoustic sensors with higher AOP, SNR, and reliability to meet increasing market demands[58] - The company has established a comprehensive R&D strategy covering the entire MEMS industry chain, enhancing its competitive advantage and industry barriers[60] - The company is actively involved in the establishment of the first MEMS industry intellectual property alliance in China, which was officially registered on October 28, 2021[64] - The company has completed several national and provincial-level research projects, enhancing its technological capabilities[88] Market and Product Development - The company aims to leverage its unique MEMS chip design and manufacturing capabilities to become a leading platform enterprise in the MEMS chip industry[35] - The company is focused on continuous R&D of new products and processes to enhance the performance and quality of MEMS sensors[35] - The company is expanding its product line in MEMS pressure sensors for various applications, including medical devices and automotive systems[59] - The company is actively exploring new applications in the automotive sector, including vacuum sensors for brake boosters and pressure sensors for battery safety[53] - The MEMS sensor market is highly concentrated, with the top seven categories accounting for over 90% of the total market share in 2020, including inertial (29%), RF (21%), and pressure sensors (19.2%) [70] - The demand for MEMS devices is expected to grow significantly over the next decade, driven by advancements in 5G technology and the proliferation of IoT devices, with an estimated increase from 12 billion IoT devices in 2019 to 24.6 billion by 2025, representing a compound annual growth rate of 12.7% [78] Operational Risks and Challenges - The company has detailed various operational risks and corresponding countermeasures in the report[4] - The company faces risks related to new product development, particularly in MEMS sensors, which have long R&D cycles and uncertain commercialization outcomes[136] - The company is at risk of talent shortages in the MEMS industry, which requires high-level expertise across multiple disciplines[137] - The company must continuously adapt to market trends in consumer electronics, as a slowdown in demand for key products could negatively impact revenue and profitability[148] - The company is exposed to risks from potential changes in tax policies affecting the semiconductor industry, which could impact future earnings[147] - The MEMS industry is experiencing increased competition, particularly with the rise of 5G and IoT applications, which could create uncertainties for the company[149] Sales and Revenue - The company achieved total revenue of 351.76 million yuan, representing a year-on-year growth of 6.57%[155] - The sales revenue of MEMS acoustic sensors decreased by 1.31% compared to last year, amounting to 9,796.70 million yuan[165] - Sales revenue for MEMS pressure sensors and MEMS inertial sensors increased by 48.73% and 104.93%, reaching 4,444.64 million yuan and 1,757.08 million yuan respectively[167] - Domestic market revenue grew by 2.29%, while overseas market revenue surged by 56.39%[165] - The sales revenue from wearable devices for MEMS acoustic sensors increased by 16.36%, contributing 30.13% to the total revenue[166] Investment and Capital Management - The company established a joint investment fund with a total commitment of RMB 299 million, with the company contributing RMB 90 million[198] - The company increased the registered capital of its wholly-owned subsidiary Kunshan Lingke by RMB 70 million[199] - The company acquired 20% minority equity of its controlling subsidiary Xinyi Microelectronics from related party Zhu Xiaoting for RMB 3.964 million, resulting in 100% ownership of Xinyi Microelectronics[199] - A new wholly-owned subsidiary, Suzhou Minxin Zhiyuan Investment Management Co., Ltd., was established with a registered capital of RMB 10 million[199] Quality and Supply Chain Management - The company emphasizes quality management and has adopted a "zero-error" quality requirement through automated systems and customer-centric approaches[66] - The company has established a procurement management system to ensure effective supplier management and prioritize high-quality suppliers for procurement[72] - The production model combines outsourcing and in-house processing, with regular evaluations of processing vendors to ensure quality and efficiency[73] - The company has maintained a strong credit policy with most top customers, resulting in minimal accounts receivable balances[185]

重要内容提示 2022 年第一季度报告 证券代码：688286 证券简称：敏芯股份 苏州敏芯微电子技术股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同期 增减变动幅度(%) | | | --- | --- | --- | --- | | 营业收入 | 73,996,997.88 | | -15.82 | | 归属于上市公司股东的净 | -2,654,285.86 | -161.15 | | | 利润 | | | | | 归属于上市公司股东的扣 | -3,141,039.56 | | -198.99 | | 除非经常性损益的净利润 | | | | | 经营活动产生的现金流量 | -22,288,221.26 | | 不适用 | | 净额 | | | | 1 / 13 2022 年第一季度报告 | 基本每股收益（元/股） | | -0.05 | | -162.50 | | --- | -- ...

Financial Performance - The net profit attributable to shareholders for 2021 was RMB 12,424,009.95, with a cumulative distributable profit of RMB 124,084,353.54[5] - The proposed cash dividend is RMB 0.75 per share (including tax), amounting to a total of RMB 3,997,434.68, which represents 32.18% of the net profit for the year[5] - The company's operating revenue for 2021 was CNY 351,758,084.54, representing a 6.57% increase compared to CNY 330,074,706.48 in 2020[23] - The net profit attributable to shareholders decreased by 70.16% to CNY 12,424,009.95 in 2021 from CNY 41,636,093.96 in 2020[23] - The net profit after deducting non-recurring gains and losses was CNY -1,971,899.07, a decline of 105.54% compared to CNY 35,625,733.76 in the previous year[23] - The cash flow from operating activities net amount was CNY 14,857,836.69, down 19.28% from CNY 18,405,916.32 in 2020[23] - The comprehensive gross margin for 2021 was 34.97%, showing a slight decline due to intensified competition in certain market segments[145] - The net profit attributable to the parent company was 12.42 million yuan, a year-on-year decrease of 70.16%[37] - The revenue from MEMS pressure sensors and MEMS inertial sensors grew by 48.73% and 104.93%, respectively, indicating successful market development efforts[164] Research and Development - R&D expenditure as a percentage of operating revenue increased by 8.76 percentage points to 21.50%[24] - R&D investment reached 75.62 million yuan, a 79.86% increase year-on-year, with R&D expenditure accounting for 21.50% of revenue, up 8.76 percentage points[57] - The company holds 43 invention patents and has applied for 25 new invention patents during the reporting period, reflecting a strong commitment to innovation[57] - The company has established a comprehensive R&D strategy covering the entire MEMS industry chain, enhancing its competitive advantage and industry position[60] - The company is actively pursuing new product development, including various sensor types and system-level products for smart cities and IoT solutions[69] - The company is focusing on the Internet of Things (IoT) for smart cities, with some products already in mass production, contributing to the industrial IoT and smart elderly care sectors[125] - The company has developed a low-cost, miniaturized, and flexible integrated micro-inertial measurement module, with successful prototypes already produced[125] Market Position and Strategy - The company aims to enhance its position in the MEMS sensor industry by continuously developing new products and improving existing ones[35] - The company is focused on upgrading its product series to enhance performance and quality, thereby increasing market share among mid-to-high-end brand customers[35] - The MEMS sensor market is highly concentrated, with the top seven categories (inertial, RF, pressure, acoustic, flow control, optical, infrared) accounting for over 90% of the total market share in 2020[70] - The global MEMS device market reached a capacity of $16.5 billion in 2019, while the global smart sensor market totaled $37.85 billion[77] - The demand for MEMS devices is expected to grow significantly over the next decade, driven by advancements in 5G technology and the proliferation of IoT devices, with an estimated 246 billion IoT devices by 2025[78] - The company aims to become a leading MEMS chip platform enterprise, focusing on high-potential MEMS chip types based on downstream application needs[70] - The company is positioned to capitalize on the growing demand for MEMS sensors in various sectors, including consumer electronics, automotive, and industrial manufacturing[79] Operational Risks and Challenges - The company has detailed various operational risks and corresponding countermeasures in the report[4] - The company faces risks of performance decline due to a slowdown in the consumer electronics industry and intensified price competition in the MEMS acoustic sensor market[134] - The company is at risk of talent shortages in the MEMS industry, particularly for high-end talent with chip design capabilities[137] - The company must continuously upgrade and innovate products to maintain pricing power and gross margins amid rapid technological changes in the consumer electronics market[145] - The company relies on external wafer manufacturing and packaging partners, which poses risks if these suppliers face capacity shortages or significant price increases[141] Product Development and Innovation - The company has developed a variety of MEMS sensors, including acoustic, pressure, and inertial sensors, targeting consumer electronics, automotive, industrial control, and medical markets[38] - The company has made significant breakthroughs in new product development, including sensors for electronic cigarettes and wearable devices[38] - The company launched a new generation of bone conduction sensor solutions, achieving high reliability with a single-axis detection method, which allows for mass production and low after-sales defects[48] - The company has developed a pressure sensor chip for wearable devices, responding to the growing demand in the TWS earphone market, especially after Apple introduced pressure sensing in AirPods Pro[49] - The company has introduced a high-performance side-entry digital silicon microphone that facilitates product design and layout[95] - The company has completed the design and performance testing of the all-metal oil-filled pressure sensor, which is now in the mass production stage[120] Financial Management and Investments - The company has established a procurement management system to ensure effective supplier management and quality control[72] - The company made a strategic investment of RMB 0.9 billion in the Suzhou Yuanxin Industrial Investment Center, which has a total subscribed capital of RMB 2.99 billion[182] - The company acquired 20% minority equity in its subsidiary, Chip Instrumentation, for RMB 3.964 million, resulting in 100% ownership[183] - The company's cash and cash equivalents decreased by 39.54% to 421,935,813.77 yuan, primarily due to investments in a new R&D building[177] - The total procurement amount from the top five suppliers was 15,466.94 million yuan, accounting for 69.25% of the annual procurement total[172] Customer and Market Dynamics - The company has a robust customer base, with MEMS acoustic sensors used in products from major brands like Huawei, Xiaomi, and Samsung, enhancing brand recognition and customer relationships[133] - Domestic market revenue increased by 2.29%, while overseas market revenue surged by 56.39%[164] - The company maintained a primary distribution model, with revenue from distribution and direct sales growing by 6.14% and 7.42%, respectively[164] - The shipment volume of MEMS acoustic sensors is expected to increase from 5.298 billion units to 11.115 billion units during the same period, reflecting a CAGR of 9.70%[189]

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan, representing a year-over-year growth of 25%[13]. - The company's operating revenue for the first half of 2021 was approximately CNY 186.59 million, representing a 40.17% increase compared to CNY 133.11 million in the same period last year[20]. - The company reported a total revenue of 14,080.00 million RMB for the first half of 2021, with a net profit of 2,930.46 million RMB, representing a significant increase from the previous period[78]. - The company achieved total revenue of RMB 187 million in the reporting period, representing a year-on-year growth of 40.17%[92]. - The company reported a total revenue of RMB 73,232.09 million for the first half of 2021, with a significant decrease of RMB 38,034.55 million compared to the previous period, representing a decline of 48.06%[183]. Profitability - The net profit attributable to shareholders decreased by 40.05% to CNY 10.22 million from CNY 17.04 million year-on-year[20]. - The net profit after deducting non-recurring gains and losses fell by 68.76% to CNY 4.97 million from CNY 15.92 million in the previous year[20]. - The basic earnings per share decreased by 55.81% to CNY 0.19 from CNY 0.43 year-on-year[21]. - Net profit attributable to shareholders was RMB 10.22 million, while net profit excluding non-recurring gains and losses was RMB 4.97 million, reflecting declines of 40.05% and 68.76% respectively due to new share-based payment expenses[92]. - Excluding the impact of share-based payment expenses, net profit attributable to shareholders and net profit excluding non-recurring gains and losses increased by 51.39% and 29.15% year-on-year, reaching RMB 25.80 million and RMB 20.56 million respectively[92]. Market Expansion and Strategy - The company is expanding its market presence, targeting a 10% increase in market share within the next year[13]. - Market expansion plans include entering three new international markets by the end of 2022, projected to increase user base by 30%[146]. - The company is considering strategic acquisitions to bolster its market position, with a budget of $100 million allocated for potential deals[146]. - The company aims to enhance its market share by adopting a "key customer" strategy and actively developing potential clients, including partnerships with well-known ODM manufacturers[93]. - The company is focusing on expanding its product offerings in various markets, including consumer electronics, automotive, and medical sectors, with new products like acoustic sensors and pressure sensors[90]. Research and Development - Research and development expenditures have increased by 18%, reflecting the company's commitment to innovation[13]. - The company's R&D expenditure accounted for 15.71% of operating revenue, an increase of 3.57 percentage points compared to 12.14% in the previous year[21]. - The company has developed 14 core technologies covering chip design, packaging, testing, and production processes, enhancing its competitive edge in the MEMS industry[48]. - The company plans to increase its R&D personnel by 30-40% annually over the next three years to meet the growing demand for MEMS sensors in the domestic market[53]. - The company has invested a total of $3,024.44 million in MEMS sensor research and development, with $296.71 million spent in the current period[76]. Product Development - New product development includes the launch of a next-generation MEMS sensor, expected to enhance performance by 30% over previous models[13]. - The company has successfully developed and mass-produced a 64-channel accelerometer testing machine, enhancing production capabilities[77]. - The company has launched a new bone conduction sensor, MSB102S, which has been recognized with the "2021 China IC Design Achievement Award for Best Sensor" and is currently in the optimization phase with TWS chip manufacturers[56]. - The company is developing a micro differential pressure sensor capable of measuring as low as 100 Pa, suitable for medical devices like ventilators[50]. - The company is focusing on developing smaller-sized MEMS acoustic sensors to meet the demands of TWS and other compact devices[76]. Operational Efficiency - The company has implemented new strategies to improve operational efficiency, aiming for a 15% reduction in production costs[13]. - The cash flow from operating activities improved significantly, with a net increase of 279.50% to CNY 15.99 million[114]. - The company has improved warehouse turnover capacity and efficiency by 30% through the implementation of a new WMS system, streamlining operational processes[99]. - The company is focusing on larger wafer sizes, such as 12-inch wafers, to reduce costs and increase production yield[45]. - The company is committed to continuous improvement in product quality and customer service, maintaining communication with clients to address their needs effectively[98]. Legal and Compliance - The company has reported significant litigation matters, including a patent infringement lawsuit against Baidu regarding products with specific codes, which has been ongoing since July 2019[166]. - The company has faced a patent ownership lawsuit regarding a specific utility model patent, with a first-instance judgment against it[169]. - The company has emphasized compliance with legal procedures and timely disclosure of related party transactions[164]. - The company will take legal responsibility for the authenticity, accuracy, and completeness of its IPO documents[157]. - The company has committed to avoiding related party transactions and ensuring fair pricing in any unavoidable transactions[164]. Shareholder and Capital Management - The board has approved a profit distribution plan, ensuring shareholder returns remain a priority[7]. - The company plans to grant 577,602 restricted shares, accounting for approximately 1.09% of the total share capital at the time of the incentive plan announcement[135]. - The company will not issue securities for 12 months after eliminating all adverse effects from unfulfilled commitments[161]. - The company has committed that the cumulative amount used for working capital will not exceed 30% of the total excess funds within the next 12 months, ensuring that it does not affect the normal progress of investment projects[183]. - The company has established a fundraising management system to ensure the efficient use of raised funds and to enhance profitability[159].

Financial Performance - The net profit attributable to the shareholders of the listed company for 2020 was RMB 41,636,093.96, with a proposed cash dividend of RMB 2.4 per 10 shares, totaling RMB 12,768,000.00, which accounts for 30.67% of the net profit[6]. - The total distributable profit of the parent company at the end of the period was RMB 135,375,501.33[6]. - The company's operating revenue for 2020 was CNY 330.07 million, representing a 16.21% increase compared to CNY 284.03 million in 2019[24]. - The net profit attributable to shareholders decreased by 30.00% to CNY 41.64 million from CNY 59.48 million in the previous year[26]. - The net cash flow from operating activities dropped by 56.75% to CNY 18.41 million, primarily due to a significant increase in inventory[26]. - Total assets grew by 231.02% to CNY 1.12 billion, while net assets attributable to shareholders increased by 272.47% to CNY 1.06 billion[26]. - Basic earnings per share decreased by 38.56% to CNY 0.94, with diluted earnings per share also at CNY 0.94[25]. - The company reported a non-recurring profit and loss total of CNY 6,010,360.20 in 2020, compared to CNY 8,546,604.39 in 2019, indicating a decrease of approximately 29% year-over-year[31]. - The company achieved total operating revenue of 33,007.47 million yuan, representing a year-on-year growth of 16.21%[102]. - The net profit attributable to the parent company was 4,163.61 million yuan, a decrease of 30% compared to the previous year[102]. Research and Development - The company's R&D expenditure accounted for 12.74% of operating revenue, slightly up from 12.56% in 2019[25]. - The total R&D investment for the year was approximately ¥42.04 million, representing a 17.87% increase from the previous year, with R&D expenses accounting for 12.74% of total revenue[81]. - The company has developed 14 core technologies, including 5 new technologies during the reporting period, covering chip design, packaging testing, and production processes[60]. - The company aims to increase its R&D personnel by 30-40% annually over the next three years to meet the growing demand for MEMS sensors in the domestic market[66]. - The company is focusing on the development of new MEMS sensors, including pressure sensors and force sensors, to expand its product line and market share[86]. - The company has established a MEMS industry research institute to accelerate the development of new technologies and products[101]. - The company plans to continuously improve its R&D capabilities by introducing advanced testing equipment and attracting high-end technical talent[184]. Market Position and Strategy - The company aims to become a leading MEMS chip platform enterprise, targeting high-potential markets such as traditional consumer electronics, automotive, and industrial control[36]. - The company has established stable partnerships with major clients including Huawei, Xiaomi, and Samsung, enhancing its market presence[98]. - The company is positioned to leverage the growing demand for MEMS devices in consumer electronics, automotive, and industrial manufacturing sectors[46]. - The company aims to enhance its market share by targeting ODM manufacturers and global consumer electronics brands[104]. - The MEMS sensor market is highly concentrated, with the top seven categories accounting for over 90% of the total market volume, guiding the company's R&D direction[65]. - The company has established long-term stable partnerships with major clients such as Huawei, Xiaomi, and Samsung, aiming to optimize its customer structure while expanding its market share[185]. Production and Operations - The company has established a dual-mode production process, combining outsourced processing and in-house manufacturing to enhance operational efficiency[40]. - The company has invested in automation for its packaging production line, aiming for full automation and smart manufacturing[88]. - The company has successfully localized its MEMS production process, achieving full production cycle domestically[97]. - The company is constructing a specialized MEMS sensor packaging and testing production line to improve product quality and capacity, enhancing its market competitiveness[182]. Challenges and Risks - The company faces risks related to new product development, particularly in the MEMS sensor sector, where rapid technological advancements and market demands require continuous innovation[127]. - The company is at risk of talent shortages in the MEMS industry, which could hinder its ability to maintain ongoing R&D capabilities[128]. - The company faces risks from intensified industry competition and potential impacts from macroeconomic factors, including trade tensions[138][139]. Inventory and Cash Flow - The total inventory increased significantly, with MEMS acoustic sensor inventory up 95.81%, pressure sensor inventory up 102.88%, and inertial sensor inventory up 226.46%[149]. - Operating cash flow decreased by 56.75% to CNY 18.41 million, indicating potential liquidity challenges[144]. - The company reported a significant increase in financing cash flow, up 777.69% to CNY 730.26 million, suggesting successful capital raising efforts[144]. Profit Distribution Policy - The company aims to implement a stable and sustainable profit distribution policy, ensuring that cash dividends account for at least 10% of the distributable profits each year[194]. - The company’s differentiated cash dividend policy stipulates that during the mature stage without significant capital expenditure, cash dividends should account for at least 80% of the profit distribution[196]. - The decision-making process for profit distribution was complete, compliant, and transparent[200]. - Independent directors fulfilled their responsibilities during the review of the profit distribution plan[200]. - The legitimate rights and interests of minority shareholders were fully protected[200].