Puya semiconductor(688766)2022-11-19 06:16Financial Performance - In 2021, the company achieved a revenue of 1.103 billion CNY, representing a year-on-year growth of 53.75% [3] - The net profit attributable to shareholders was 291 million CNY, an increase of 238.39% compared to the previous year [3] - The net profit after deducting non-recurring gains and losses was 273 million CNY, up 239.93% year-on-year [3] - Earnings per share reached 9.64 CNY, reflecting a growth of 201.25% from the previous year [3] - R&D expenses totaled 91.49 million CNY, accounting for 8.30% of revenue, with a year-on-year increase of 99.01% [3] Dividend Policy - The proposed cash dividend distribution amounts to 29.13 million CNY, which is 10% of the net profit attributable to shareholders, lower than the typical 30% [3] - The decision is based on the company's development stage, industry characteristics, and funding needs [3] Market Expansion and Product Development - The company made significant breakthroughs in various downstream applications, including IoT, industrial control, and automotive sectors [3] - In 2021, the company was recognized as a national key integrated circuit design enterprise [3] - The company plans to focus on the complete layout and performance enhancement of non-volatile memory products and expand its MCU and analog product lines [3][9] International Sales Growth - The overseas sales increased by 129.80% compared to the previous year, with notable success in consumer electronics, industrial control, and automotive sectors [6] Production and Supply Chain - The company is currently facing challenges due to the COVID-19 pandemic, with employees working from home, but overall operations remain orderly [5][8] - The company has applied for a whitelist for resuming work and production [5] Future Outlook - The company aims to maintain high R&D investment to enhance product performance and ensure sustainable development [3][4] - The focus will be on expanding the product line in the automotive and industrial control sectors, with expectations for significant contributions to revenue in 2022 and 2023 [6][9]