Anji Technology(688019)2022-04-14 16:00Financial Performance - The company achieved operating revenue of RMB 686.66 million in 2021, a year-on-year increase of 62.57%[34]. - The net profit attributable to shareholders was RMB 125.08 million, a decrease of 18.77% compared to the previous year[39]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 91.11 million, an increase of 54.81% year-on-year[38]. - The net cash flow from operating activities was RMB 61.11 million, down 46.01% from the previous year[39]. - The company's total assets increased by 29.90% year-on-year, reaching RMB 1.67 billion by the end of 2021[34]. - Basic earnings per share decreased by 18.97% to RMB 2.35, while diluted earnings per share remained the same[35]. - Operating costs increased by 65.78% year-on-year, primarily due to changes in product structure and raw material prices[193]. - The gross profit margin for the year was 51.08%, a decrease of 0.95 percentage points compared to the previous year[197]. - The cash flow from operating activities decreased by 46.01% year-on-year, mainly due to an increase in operating receivables and inventory[196]. Dividend and Share Capital - The company plans to distribute a cash dividend of 3.19 RMB per 10 shares, totaling approximately 16,977,365.02 RMB, which represents about 12.20% of the distributable profit for the year[7]. - As of December 31, 2021, the total share capital of the company was 53,220,580 shares[7]. - The proposed profit distribution plan is subject to approval at the 2021 annual general meeting of shareholders[7]. Audit and Compliance - The company has received a standard unqualified audit report from KPMG Huazhen[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[11]. - The company has not violated decision-making procedures for external guarantees[11]. - The company confirmed that all board members attended the board meeting[6]. Market and Growth Outlook - The company reported a significant increase in revenue, achieving a year-over-year growth of 25% to reach $1.5 billion[21]. - User data indicates a 30% increase in active users, now totaling 10 million, reflecting strong market engagement[21]. - The company provided an optimistic outlook, projecting a revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion[21]. - The global semiconductor market size grew by 26.2% in 2021, reaching 555.9 billion USD[51]. - China's semiconductor sales totaled 192.5 billion USD in 2021, accounting for 34.6% of the global market, with a year-on-year growth of 27.1%[53]. - The semiconductor market is projected to grow by 10.4% in 2022, reaching USD 613.5 billion, with the integrated circuit market expected to hit USD 512 billion[83]. Research and Development - Investment in R&D has increased by 15%, focusing on advanced packaging technologies and next-generation semiconductor materials[21]. - The R&D investment accounted for 22.30% of operating revenue, an increase of 1.25 percentage points compared to the previous year[35]. - The company’s R&D expenses for 2021 amounted to RMB 153.11 million, a 72.23% increase year-on-year, representing 22.30% of sales revenue, aimed at enhancing core competitiveness[79]. - The company has developed polishing liquids for substrate materials, achieving performance levels comparable to international mainstream suppliers and securing overseas orders[144]. - The company has established a purification platform for electronic-grade additives, achieving breakthroughs in self-sufficiency of core raw materials[155]. Product Development and Market Position - The company expanded its product offerings in chemical mechanical polishing liquids, achieving significant market share growth in various segments[38]. - The company has established itself as a mainstream supplier to leading clients in the semiconductor industry, with its products applied in various chip types including logic, memory, and power devices[92]. - The company aims to strengthen its product line in chemical mechanical polishing (CMP) liquids and functional wet electronic chemicals to provide comprehensive solutions for customers[85]. - The company has successfully broken the monopoly of foreign manufacturers in the CMP and functional wet electronic chemicals sectors, achieving import substitution and establishing domestic supply capabilities[88]. - The company is focused on expanding its product line in functional wet electronic chemicals, including photoresist stripping agents and other products, to meet the rapid development of the semiconductor industry[91]. Strategic Initiatives - A strategic acquisition of a smaller semiconductor firm is expected to enhance the company's technology portfolio and increase production capacity by 25%[21]. - The company is exploring partnerships with leading tech firms to leverage synergies in AI and IoT applications, aiming for a 15% increase in collaborative projects[21]. - The company has actively participated in strategic investments in the semiconductor industry, including partnerships with Xuzhou Shengxin Semiconductor Investment Fund and Hefei Suci Enterprise Management Partnership, to support overall industry development[80]. - The company has established a joint venture to ensure the autonomous supply of key raw materials, enhancing product performance and cost structure[149]. Sustainability and Environmental Initiatives - The company has set a target to reduce carbon emissions by 30% over the next five years as part of its sustainability initiatives[21]. - The company emphasizes the importance of safety, health, and environmental management in its operations, aiming to create a safe working environment[87].