Jiwei Network news, on the evening of April 21, Qingyi Optoelectronics (688138.SH) announced the 2021 annual report, the company achieved operating income of 544 million yuan, an increase of 11.64% year-on-year; net profit attributable to shareholders of listed companies of 44.5258 million yuan, down 41.64% year-on-year; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses of 32.6651 million yuan, down 51.00% year-on-year Basic earnings per share of RMB0.17, the Company intends to distribute a cash dividend of RMB0.6 (including tax) to all shareholders for every 10 shares.
Qingyi Optoelectronics pointed out that the net profit attributable to the shareholders of the listed company fell by a large year-on-year, mainly because although the company's operating income increased during the reporting period, due to the production capacity of the Hefei subsidiary in the reporting period, the overall production and marketing scale was small, and the fixed costs such as depreciation were relatively large, coupled with the company's research and development expenses, financial expenses, etc., which eventually led to a decline in net profit.
Qingyi Optoelectronics said that the company accelerated the pace of innovation, consolidated core capabilities, continued to promote the improvement of technical capabilities of flat panel display mask plates, further mastered core technologies and established differentiated core competitiveness. At the same time, through the improvement of the quality system, the implementation of intelligent manufacturing and other ways to enhance market competitiveness to support the development of product business. During the reporting period, the flat panel display mask plate achieved sales revenue of 370.9815 million yuan, an increase of 9.38% compared with the same period last year.
It is understood that during the reporting period, the Hefei factory introduced mask substrate gluing production lines, and new lithography machines and other equipment have been put into production. At present, the production capacity of Hefei Qingyi is mainly used for high-end products such as AMOLED/LTPS. With the commissioning of core equipment, the production capacity and production accuracy of the company's mask plate products will be further improved, and the company will actively promote the production capacity of "Hefei Qingyi Optoelectronics Co., Ltd. 8.5 generation and below high-precision mask plate project". The Hefei factory continued to promote the process technology capability and production capacity of the high-precision mask plate for AMOLED/LTPS, and the main customers completed the audit and certification of the Hefei factory during the reporting period, and introduced the high-precision mask plate in the Hefei factory. With the production of the glue coating line, the company vigorously promotes the mass production of the mask substrate independent glue, and further deepens the secondary glue application process and technology, and the new semi-permeable film (HTM) mask version will further enrich the company's product structure.
In terms of semiconductor chip mask plate business, Qingyi Optoelectronics said that the company has promoted the development of semiconductor chip mask plate business by improving the production capacity and delivery time of semiconductor chip mask plate products, optimizing the product structure of semiconductor chip mask plates, and improving market share, seizing the opportunity of domestic substitution of semiconductor chip mask plates, and making breakthroughs in key customer expansion to meet customer demand for semiconductor chip mask plates production capacity and delivery time. During the reporting period, the company's semiconductor chip mask plate products achieved sales revenue of 87.9643 million yuan, an increase of 39.42% compared with the same period last year, and the proportion of the company's semiconductor chip mask plate business revenue continued to increase.
Qingyi Optoelectronics pointed out that the newly introduced mask version lithography machine and supporting equipment for semiconductor chips at the Shenzhen plant have been put into production, increasing the production capacity of semiconductor chips and microLED displays, mask plates for silicon-based semiconductor display and other products. To better meet the needs of integrated circuit bumping (IC Bumping), integrated circuit foundry (IC Foundry), integrated circuit carrier board (IC Substrate), MinLED chip, MicroLED chip, microelectromechanical (MEMS) and other markets. In order to further meet the needs of customers' production capacity and delivery time, the company continues to introduce mask lithography machines and supporting equipment for semiconductor chips, and is expected to be put into production in the second half of 2022.
Qingyi Optoelectronics said that in order to comply with the rapid development of the mainland flat panel display industry and the semiconductor chip industry, enhance the localization level of the industrial chain, expand the industrial scale and achieve product upgrading, the company will give full play to the company's advantages in technology, management, service and cost, and constantly improve and expand its product structure and market layout. On the one hand, it will continue to promote the capacity ramping of the Hefei plant and the mass production of semi-permeable film (HTM) mask plates; on the other hand, the Shenzhen plant will actively improve the accuracy and capacity expansion of mask plates for semiconductor chips to meet customer and market demand. In the future, the company will actively respond to macroeconomic uncertainties and other factors, and strive to achieve stable growth in various businesses.
1. In terms of products, the company will further improve the industrial layout of mask plates for flat panel displays and semiconductor chips and enhance the company's competitive advantage, increase resources to develop more high-end products, enrich the product portfolio, and open up new profit growth points.
The company will rely on technical advantages, based on existing customers, expand the product portfolio, establish market recognition, and steadily expand related businesses in a timely manner. In 2022, the Hefei plant will fully expand the production capacity and technical capabilities of the 8.6 generation high-precision TFT mask plate and the 6th generation high-precision AMOLED/LTPS mask plate products after the start of operation. The company will accelerate the ramp-up of production capacity in Hefei factory, in addition to expanding the production capacity of medium and high-precision mask plates, it will increase and increase the production capacity of semi-permeable film (HTM) mask plates, so as to further expand market share in the future and lay a solid foundation for domestic panel companies to provide more reliable supply chain support.
In 2022, the Shenzhen plant will continue to expand the mask plate business for semiconductor chips, focusing on semiconductor chip mask plates. In 2022, we will continue to introduce masking lithography machines and supporting equipment for semiconductor chips, continue to improve the production capacity of mask plates for semiconductor chips, promote customer testing and certification of mask plates for 180nm semiconductor chips, and simultaneously carry out process research and development of mask plates for 130nm-65nm semiconductor chips and mask plate process development planning required for 28nm semiconductor chips.
The steady progress and gradual mass production of the above investment and construction projects have laid a good foundation for the company's future further development.
2. In terms of industrial layout, the company believes that expanding to the upstream industrial chain will effectively shorten the delivery time, reduce material costs, and improve product production capacity and quality. With the production of mask substrate gluing production line in Hefei factory, it will play a supporting role in reducing raw material procurement costs, expanding product lines and improving the quality of terminal products in 2022. The company has been actively exploring the expansion of the upstream industrial chain, and has accumulated rich experience in cooperating with a number of domestic manufacturers to promote the localization of the upstream industrial chain. With the continuous expansion of the mask plate market, more and more investors and potential investors enter, and the localization of substitution is gradually landing, which can reduce the cost of mask plate materials in the future and comprehensively enhance the company's competitiveness.
3. In terms of technological innovation, according to the company's technology development plan, accelerate the progress of technology development, and further promote the mask version technology in the application field of semiconductor chips and flat panel displays by docking the needs of the development of the upstream and downstream industrial chains, improve the efficiency of the transformation of technological achievements into new products, and form a new profit growth point.
4. In terms of marketing, the company will continue to implement the strategy of close customer service and maintain close communication with major customers to further optimize and improve the company's industrial layout. Through long-term cooperation, the company's cooperative relationship with major domestic flat panel display manufacturing customers has become increasingly stable, and after the company's Hefei factory has been mass-produced, the cooperation areas and orders with customers have gradually expanded. The company will continue to stabilize existing customers, while increasing brand promotion efforts, and gradually improve the company's marketing capabilities.
According to the company's development strategy, while continuing to deepen the cultivation of mask plate customers in the flat panel display industry, the company will increase the product development of mask plates for the semiconductor chip industry, expand customers in the field of mask plates for semiconductor chips, and create new performance growth points for the company.
(Proofreader/Li Zhengcao)