PNC(SH:603690)2024-06-13 07:35Financial Performance - In 2023, the company achieved a revenue of 3.151 billion CNY, representing a year-on-year growth of 3.33% [2] - The net profit for 2023 was 377 million CNY, with a significant year-on-year increase of 33.58% [2] - The non-recurring net profit was 102 million CNY, showing a decline of 64.25% due to increased interest expenses from new loans and foreign exchange losses [3] Order and Business Development - The total new orders signed in 2023 amounted to 13.293 billion CNY, including long-term orders worth 8.661 billion CNY for electronic materials and specialized services [3] - The company expects to generate 5-6 billion CNY in new orders in 2024, excluding long-term orders [4] - The company has a backlog of 13.2 billion CNY in orders, with normal delivery expected based on production cycles [4] Product and Service Strategy - The company focuses on the integrated circuit sector, particularly in semiconductor process equipment and related services [4] - The company has successfully established a fully domestic 12-inch gas supply factory, breaking the international supplier monopoly [7] - The company’s subsidiary, Zhiwei Technology, is a major supplier of wet processing equipment, with significant advancements in high-temperature sulfuric acid and other critical processes [8] Dividend and Financial Strategy - The company has maintained a consistent dividend policy since its listing, with a total dividend payout of 7.41868 billion CNY [6] - The company aims to balance high dividends with increased capital expenditure to seize market opportunities [7] Equipment and Technology Advancements - The company has developed advanced wet cleaning equipment, achieving over 500,000 units in production for its SPM model, marking a significant milestone in domestic equipment manufacturing [9] - The company’s cleaning processes are crucial in semiconductor manufacturing, with a focus on minimizing contamination and maximizing yield [10][11]