中信建投证券股份有限公司 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | | 注函的情况，并督促其完善内部控制制 | | | | 度，采取措施予以纠正。 | | | 12 | 持续关注上市公司及控股股东、实际控 制人等履行承诺的情况，上市公司及控 | 唯捷创芯不存在控股股东；2023 年半年 | | | | 度，唯捷创芯及其实际控制人不存在未履 | | | 股股东、实际控制人等未履行承诺事项 | 行承诺的情况。 | | | 的，及时向上海证券交易所报告。 | | | | 关注公共传媒关于上市公司的报道，及 | | | | 时针对市场传闻进行核查。经核查后发 | 2023 年半年度，保荐机构持续关注公共媒 | | | 现上市公司存在应披露未披露的重大事 | 体关于唯捷创芯的报道及相关市场传闻， | | 13 | 项或与披露的信息与事实不符的，应及 | 经保荐机构核查，唯捷创芯不存在应披露 | | | 时督促上市公司如实披露或予以澄清； | 未披露的重大事项或与披露的信息与事 | | | 上市公司不予披露或澄清的，应及时向 | 实不符的情况。 | | | 上海证券交易所报 ...

公司代码：688153 公司简称：唯捷创芯 2023 年半年度报告 唯捷创芯（天津）电子技术股份有限公司 2023 年半年度报告 1 / 187 2023 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 重大风险提示 公司已在本报告中详细阐述公司在生产经营过程中可能面临的各种风险及应对措施，敬请查 阅"第三节 管理层讨论与分析"之"五、风险因素"。敬请投资者予以关注，注意投资风险。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人孙亦军、主管会计工作负责人辛静及会计机构负责人（会计主管人员）辛静声明： 保证半年度报告中财务报告的真实、准确、完整。 六、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不适用 七、 是否存在公司治理特殊安排等重要事项 □适用 √不适用 八、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的公司未来计划、发展战略等前瞻性陈述，不构成公司对投资者的实质承诺， 请投资者注意投资风险。 九、 ...

Financial Performance and Profit Distribution - Revenue in 2022 decreased by 34.79% year-over-year to RMB 2,287.88 million, primarily due to weak demand in the consumer electronics market[22] - Net profit attributable to shareholders of the listed company turned positive in 2022, increasing by RMB 121.81 million compared to the previous year[22] - Net cash flow from operating activities in 2022 was negative RMB 88.64 million, a decrease of RMB 120.35 million year-over-year, mainly due to revenue decline and increased employee costs[22] - R&D expenses accounted for 20.19% of revenue in 2022, an increase of 6.88 percentage points from the previous year[21] - Total assets at the end of 2022 increased by 107.15% year-over-year to RMB 4,224.67 million, driven by IPO proceeds[22] - Share-based compensation expenses in 2022 amounted to RMB 161.23 million[22] - Basic and diluted earnings per share turned positive in 2022, driven by improved profitability and optimized product structure[22] - Weighted average return on equity (ROE) increased by 10.1 percentage points year-over-year to 1.85% in 2022[21] - Net assets attributable to shareholders of the listed company increased by 248.74% year-over-year to RMB 3,831.98 million at the end of 2022, mainly due to share premium from the IPO[22] - Government subsidies recognized in 2022 amounted to RMB 28.26 million, a decrease from RMB 42.09 million in 2021[26] - Revenue for 2022 was 2.287 billion yuan, a decrease of 34.79% year-on-year, with net profit attributable to shareholders of 53.391 million yuan, turning a profit compared to the previous year[30] - The company did not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the year 2022[4] - The company's 2022 profit distribution plan was approved by the board of directors on April 26, 2023, and is subject to approval by the shareholders' meeting[4] - 2022 profit distribution plan: No cash dividends, no stock dividends, and no capital reserve to share capital conversion[156] - Unallocated profits from 2022 will be rolled over to the next year to meet operational, R&D, and investment needs[159] Corporate Governance and Compliance - The company has no special arrangements for corporate governance[5] - The company has no non-operational fund occupation by controlling shareholders or related parties[6] - The company has no violations of decision-making procedures in providing external guarantees[6] - The company's future plans and development strategies are forward-looking statements and do not constitute a commitment to investors[5] - The company's 2022 annual report includes detailed risk factors and countermeasures in the "Management Discussion and Analysis" section[3] - The company's 2022 annual report was signed and sealed by the company's legal representative, chief financial officer, and accounting supervisor, ensuring its authenticity, accuracy, and completeness[3] - The company has established a comprehensive corporate governance structure, ensuring compliance with legal and regulatory requirements[126] - The company's decision-making process for remuneration of directors, supervisors, and senior management involves the Compensation and Assessment Committee, with final approval by the board of directors and shareholders' meeting[142] - Non-employee directors and supervisors who do not hold positions in the company do not receive salaries or allowances[142] - The actual payment of remuneration for directors, supervisors, and senior management during the reporting period was consistent with the disclosed information[142] - The company held 13 board meetings in 2022, all conducted via telecommunication, with no in-person meetings[147] - The company approved the 2021 consolidated and parent company review reports during the 3rd Board of Directors' 11th meeting on 2022.01.28[144] - The company approved the 2021 financial statement audit report during the 3rd Board of Directors' 13th meeting on 2022.03.22[144] - The company approved the 2022 Q1 report during the 3rd Board of Directors' 14th meeting on 2022.04.25[144] - The company approved the 2022 semi-annual report and the special report on the use of raised funds during the 3rd Board of Directors' 19th meeting on 2022.08.25[145] - The company approved the 2022 Q3 report during the 3rd Board of Directors' 21st meeting on 2022.10.27[145] - The company approved the 2022 annual audit work plan during the 3rd Board of Directors' Risk and Audit Committee's 12th meeting on 2022.12.27[149] - The company approved the nomination of non-independent director candidates for the 3rd Board of Directors during the 3rd Board of Directors' Nomination Committee's 1st meeting on 2022.12.13[151] - The company approved the use of some idle raised funds for cash management during the 3rd Board of Directors' 16th meeting on 2022.06.23[145] - The company approved the application for comprehensive credit lines and provision of guarantees by the company and its wholly-owned subsidiaries during the 3rd Board of Directors' 20th meeting on 2022.09.21[145] R&D and Innovation - R&D expenses accounted for 20.19% of revenue in 2022, an increase of 6.88 percentage points from the previous year[21] - The company's R&D expenses for 2022 were 461.9537 million yuan, accounting for 20.19% of the company's revenue[32] - The company successfully listed on the Shanghai Stock Exchange's STAR Market on April 12, 2022, raising a total of 2.669328 billion yuan[32] - The company's inventory levels were effectively controlled, with inventory balances declining from mid-2022 and returning to healthy levels by the end of the year[32] - The company's share-based payment expenses for 2022 were 161.2286 million yuan, with adjusted net profit attributable to shareholders of 214.6196 million yuan[29] - The company's trading financial assets increased by 99.81 million yuan, contributing 79.5543304 million yuan to the current profit[28] - The company's non-recurring gains and losses for 2022 totaled 329.6469856 million yuan, compared to a loss of 831.048723 million yuan in the previous year[27] - The company's RF power amplifier modules accounted for 88.49% of its main business revenue, with 5G products contributing 44.32% of the RF power amplifier module revenue[36] - The company achieved small-scale shipments of high-integration L-PAMiD products, becoming one of the first domestic companies to supply this product to leading brand customers[36] - The company's Wi-Fi RF front-end modules primarily supported Wi-Fi 6, with third-generation Wi-Fi 6E products achieving mass shipments and nearing international advanced performance levels[37] - The company's RF front-end modules are widely used in smartphones from brands like Xiaomi, OPPO, and vivo, as well as ODM manufacturers such as Huaqin, Longqi, and Wingtech[34] - The company operates under the Fabless model, focusing on design while outsourcing manufacturing, packaging, and testing to specialized suppliers[38] - The company has established long-term stable relationships with key clients, leveraging its brand depth and breadth as a competitive advantage[34] - The company's R&D process includes rigorous stages such as project initiation, design, prototype evaluation, and mass production, ensuring product quality and market fit[39][40][41][42][43] - The company's RF front-end modules are critical for enabling wireless communication functions in mobile devices, including cellular, Wi-Fi, Bluetooth, and GPS[34][35] - The company's product portfolio includes RF power amplifier modules, RF switches, receiver modules, and Wi-Fi RF front-end modules, covering 2G to 5G technologies[34][36][37] - The company's sales model is primarily distributor-based, supplemented by direct sales to certain end customers[43] - The company has 43 invention patents, 12 utility model patents, and 108 integrated circuit layout designs as of the end of 2022[52] - The company successfully launched L-PAMiF products in 2020 and achieved mass production in 2021, becoming a leading domestic supplier[52] - The company plans to achieve mass production of L-PAMiD products in 2023, becoming one of the first domestic companies to do so[52] - The company entered the automotive RF front-end chip market by signing strategic cooperation agreements with BYD and Quectel[52] - The company has 12 core technologies in mass production, including high-power balanced power amplification and improved linearity for RF power amplifiers[58] - The company's RF front-end modules are being applied in mobile broadband, automotive, IoT, and wearable devices[54] - The company's RF front-end solutions for 5G, such as L-PAMiD and L-PAMiF, are becoming standard in mid-to-high-end smartphones[54] - The company has developed a chip reuse and variable coding technology to reduce development costs and simplify supply chain management[58] - The company's RF module testing fixtures reduce product introduction time and improve reliability assessment[58] - The company has developed and mass-produced multiple core technologies, including adaptive voltage surge suppression, RF power amplifier temperature compensation, and RF 3dB coupler technology, all of which are in the mass production stage[59] - The company holds 43 invention patents, 12 utility model patents, and 108 integrated circuit layout designs as of the end of the reporting period[60] - In 2022, the company applied for 40 new invention patents and was granted 17, bringing the cumulative total to 106 applications and 43 grants[61] - Total R&D investment for the year was 461.95 million yuan, a slight decrease of 1.09% compared to the previous year[62] - R&D investment as a percentage of revenue increased significantly to 20.19%, up 6.88 percentage points from the previous year[62] - The company's R&D efforts focus on improving performance and reducing costs in areas such as power detection, RF power amplifier linearization, and chip-to-chip communication[59] - Key innovations include a high-bandwidth power amplifier technology that achieves load modulation with high efficiency and low loss[59] - The company has developed a multi-standard wireless communication RF circuit that enables almost cost-free 2G communication by reusing 3G, 4G, or 5G hardware circuits[59] - A new positive and negative voltage charge pump circuit design provides stable and reliable voltage generation above and below the input power rails[59] - The company's high-speed analog voltage buffer technology significantly improves operating speed without increasing overall power consumption[59] - The total investment in R&D projects is 98,325.13 million yuan, with a cumulative investment of 65,264.86 million yuan, and 33,349.79 million yuan invested in the current period[64][66][68] - The 5G PA module project has a total investment of 15,879.31 million yuan, with 15,832.68 million yuan cumulatively invested, and 7,468.08 million yuan invested in the current period[64] - The Wi-Fi 6 and Wi-Fi 6E RF front-end module project has a total investment of 17,420.63 million yuan, with 10,085.03 million yuan cumulatively invested, and 5,725.17 million yuan invested in the current period[66] - The high-power RF switch and antenna tuning switch project for 5G NR has a total investment of 20,500.57 million yuan, with 11,763.95 million yuan cumulatively invested, and 6,007.96 million yuan invested in the current period[66] - The L-FEM module project has a total investment of 7,077.49 million yuan, with 6,533.03 million yuan cumulatively invested, and 2,701.25 million yuan invested in the current period[66] - The base station RF power amplifier product project has a total investment of 2,758.92 million yuan, with 1,386.31 million yuan cumulatively invested, and 1,128.16 million yuan invested in the current period[66] - The DiFEM module project has a total investment of 3,503.08 million yuan, with 1,485.42 million yuan cumulatively invested, and 848.26 million yuan invested in the current period[66] - The diversity receiver module project has a total investment of 3,434.20 million yuan, with 1,745.97 million yuan cumulatively invested, and 125.73 million yuan invested in the current period[68] - The number of R&D personnel increased to 353, accounting for 56.94% of the total workforce, with a total R&D personnel compensation of 15,718.71 million yuan and an average salary of 44.53 thousand yuan[69] - R&D investment in 2022 reached 461.95 million yuan, accounting for 20.19% of total revenue[71] - The company has 353 R&D personnel, representing 56.94% of total employees[71] - 5G RF power amplifier module revenue accounted for 44.32% of total RF power amplifier module revenue, a 15.42 percentage point increase year-over-year[73] - The company holds 43 domestic invention patents, 12 utility model patents, and 108 integrated circuit layout design registrations[71] - The company's 5G RF power amplifier module has been mass-produced since early 2020 and is used in products from well-known terminal customers[73] - The company's receiving-end module achieved 11.51% of main business revenue in 2022, a 9.43 percentage point increase year-over-year[75] - The company has mastered multiple RF power amplifier core technologies and can rapidly develop high-performance products[72] - The company has developed a complete set of RF front-end testing tools and solutions, enabling rapid product iteration and market launch[72] - The company's integrated circuit testing project began operations in 2022, strengthening its testing technology advantages[72] - The company faces risks related to R&D failure, product iteration, and talent retention, which could impact its competitiveness[76] Market and Industry Trends - The global RF front-end market size is expected to grow from 19.2 billion USD in 2022 to 26.9 billion USD in 2028, with a CAGR of 5.8%[48] - The global automotive semiconductor market is projected to grow from $50.5 billion in 2021 to nearly $100 billion by 2027, with a CAGR of over 30%[55] - The automotive semiconductor market in China is expected to reach $13.7 billion by 2025[56] - By 2025, over 60% of smartphones and 90% of routers are expected to support Wi-Fi 6, driving demand for Wi-Fi 6 and Wi-Fi 6E modules[54] - The company has achieved mass production and sales of Wi-Fi 6 and Wi-Fi 6E modules, with next-generation products under development[54] - The company's RF front-end modules are being applied in mobile broadband, automotive, IoT, and wearable devices[54] - The automotive RF front-end market is expected to grow significantly due to the rise of electric vehicles and advanced driver-assistance systems[55] - The company's RF front-end solutions for 5G, such as L-PAMiD and L-PAMiF, are becoming standard in mid-to-high-end smartphones[54] - The RF front-end market is highly concentrated, with the top five global vendors accounting for over 80% of the market share in 2021 and 2022[50] - The global RF front-end market is dominated by five major players, accounting for 80% of the market share, with U.S. and Japanese companies leading the industry[118] - The smartphone market is expected to decline in 2023, with a potential rebound in the second half of the year if consumer confidence improves[119] - The RF front-end market is projected to reach $26.9 billion by 2028, driven by the growth of 5G smartphones[120] - The company has successfully introduced its products into brand smartphone customers such as Xiaomi, OPPO, and vivo, gaining a competitive edge in the market[121] Shareholder and Management Information - Chairman Rong Xiuli holds 53,265,280 shares with no change in shareholding during the year[132] - General Manager Sun Yijun increased his shareholding by 1,196,186 shares to 12,171,627 shares, primarily through equity incentives and secondary market purchases[132] - CFO Xin Jing received 393,385 shares through equity incentives, bringing her total shareholding to 393,385 shares[132] - Board Secretary Zhao Yanping also received 393,385 shares through equity incentives, increasing her total shareholding to 393,385 shares[132] - Core technical personnel Bai Yunfang received 393,385 shares through equity incentives, bringing her total shareholding to 393,385 shares[133] - Core technical personnel Lin Sheng received 285,038 shares through equity incentives, increasing his total shareholding to 285,038 shares[133] - The total shareholding of the company's key personnel increased by 3,251,456 shares to 67,492,177 shares during the year[133] - Chairman Rong Xiuli has extensive experience in the telecommunications industry, including roles at Beijing Tianyu Langtong Communication Equipment Co., Ltd. and VTech Holdings Limited[134] - General Manager Sun Yijun has a strong background in sales and management, with previous roles at companies such as Tyco Electronics and RF Micro Devices[134] - CFO Xin Jing has a diverse financial management background, with experience at companies including Beijing Venus Information Technology Co., Ltd. and Beijing MaiBo Interactive Technology Co., Ltd.[134] - FENG WANG has been serving as the Chief Technology Officer of Weijie Chuangxin since February 2018, with extensive experience in wireless transceiver design and RF engineering[135] - Bai Yunfang has been the R&D Director of Weijie Chuangxin since December 2011, with a background in integrated circuit design and RF engineering[136] - Lin Sheng has been the R&D Director of Weijie Chuangxin since July 2011, with experience in semiconductor and RF engineering[136] - Rong Xiuli serves as the executive partner of Tianjin Yuteng Technology Partnership since September 2020[137] - Gu Dawei has been a director of Gaintech Co. Limited since November 2010 and serves as the executive partner of

Financial Performance - The company's operating revenue for Q1 2023 was ¥318,006,441.23, representing a decrease of 62.87% compared to the same period last year[4] - The net profit attributable to shareholders for Q1 2023 was -¥82,594,172.74, a decline of 324.70% year-over-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥83,697,209.39, down 337.56% from the previous year[4] - Basic and diluted earnings per share for Q1 2023 were both -¥0.20, a decrease of 300.00% year-over-year[5] - The weighted average return on net assets was -2.17%, a decrease of 5.35 percentage points compared to the same period last year[5] - Total operating revenue for Q1 2023 was ¥318,006,441.23, a decrease of 62.9% compared to ¥856,361,433.35 in Q1 2022[16] - Net loss for Q1 2023 was ¥82,594,172.74, compared to a net profit of ¥36,758,327.14 in Q1 2022[18] - The company reported a gross profit margin of -10.5% in Q1 2023, compared to a positive margin in Q1 2022[17] Cash Flow and Investments - The net cash flow from operating activities for Q1 2023 was ¥15,997,608.34, an increase of ¥38,700,330.17 compared to the same period last year[6] - In Q1 2023, the cash inflow from operating activities was approximately ¥394 million, a decrease of 55.1% compared to ¥874 million in Q1 2022[19] - The net cash flow from operating activities turned positive at approximately ¥160 million, compared to a negative cash flow of ¥227 million in the same period last year[19] - Cash inflow from investment activities was approximately ¥8 million, significantly up from ¥838 thousand in Q1 2022[20] - The net cash flow from investment activities was negative at approximately ¥28.75 million, an improvement from a negative cash flow of ¥37.42 million in Q1 2022[20] - Cash inflow from financing activities was approximately ¥7 million, down from ¥231 million in Q1 2022[20] - The net cash flow from financing activities was negative at approximately ¥84.4 million, compared to a positive cash flow of ¥212.5 million in Q1 2022[20] - The ending balance of cash and cash equivalents increased to approximately ¥2.57 billion, up from ¥321 million at the end of Q1 2022[20] - The company received approximately ¥12.6 million in tax refunds, a decrease of 86.8% from ¥95.7 million in Q1 2022[19] - The total cash outflow from operating activities was approximately ¥234 million, down from ¥1.1 billion in Q1 2022[19] - The company reported a significant increase in cash received from other operating activities, totaling approximately ¥16.2 million, compared to ¥1.5 million in Q1 2022[19] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥4,070,240,631.79, down 3.66% from the end of the previous year[5] - Total current assets as of March 31, 2023, amounted to approximately CNY 3.63 billion, a decrease of 4.4% from CNY 3.80 billion as of December 31, 2022[13] - Total assets decreased to CNY 4.07 billion from CNY 4.22 billion, representing a reduction of 3.6%[14] - Total liabilities decreased to CNY 268.38 million from CNY 365.16 million, a decrease of 26.5%[14] - Total liabilities as of Q1 2023 were ¥293,061,000.61, down from ¥392,683,746.86 in the previous year[15] - Total equity attributable to shareholders was ¥3,777,179,631.18, a decrease from ¥3,831,983,077.01 in Q1 2022[15] - The company reported a significant increase in non-current assets, totaling CNY 442.91 million, up from CNY 429.65 million, indicating a growth of 3.0%[14] Research and Development - R&D investment totaled ¥101,044,267.47, accounting for 31.77% of operating revenue, an increase of 17.43 percentage points year-over-year[5] - Research and development expenses for Q1 2023 were ¥101,044,267.47, a decrease of 17.7% from ¥122,833,196.88 in Q1 2022[17] Shareholder Information - The top shareholder, Gaintech Co. Limited, holds 24.74% of the shares, followed by Rong Xiuli with 13.02%[10] - The company has a total of 9,833 common shareholders as of the report date[10] Market and Strategy - The company reported an increase in inventory impairment losses due to a cautious approach in response to weak market demand in the consumer electronics sector[9] - The company has not disclosed any significant new strategies or product developments in this quarter[12]