On March 12, Silan Micro (600460) recently released its 2020 annual report. During the reporting period, the company achieved operating income of 4,280,561,779.48 yuan, a year-on-year increase of 37.61%; net profit attributable to shareholders of listed companies was 67,597,228.76 yuan, a year-on-year increase of 365.16%.
During the reporting period, the net cash flow from operating activities was RMB 145,025,394.89. As of the end of 2020, the net assets attributable to shareholders of the listed company were RMB 3,448,034,206.07.
In 2020, the company’s total operating income was 4,280,56 million yuan, an increase of 37.61% over the same period in 2019; the company’s operating profit was -35.77 million yuan, a decrease of 95.01 million yuan from 2019; the company’s total profit was -37.72 million yuan, compared with 2019 A loss of 92.22 million yuan was reduced; the company's net profit attributable to shareholders of the parent company was 67.6 million yuan, an increase of 365.16% over 2019. In 2020, the company’s operating profit and total profit will still have a certain degree of loss, mainly because: (1) In 2020, the company’s subsidiary Silan Jixin’s 8-inch chip production line is still in the stage of building a special process platform, and continues to develop high-end power devices, Increased investment in the research and development of high-voltage integrated circuits, MEMS sensors and other products. Although chip output has increased significantly and product gross profit has gradually turned from negative to positive, R&D expenses and financial expenses have increased significantly, resulting in a certain increase in the reporting period. The magnitude of the loss. (2) Affected by the global novel coronavirus pneumonia epidemic in 2020, the global LED color display market will shrink significantly, and the decline in customer orders will result in the sales revenue of Silan Mingxin's color screen chips and Mecale Optoelectronics. The sales revenue of LED color screen pixel tubes decreased more than that in 2019, and the loss further increased. (3) The shareholding companies Xiamen Silan Jike Microelectronics Co., Ltd. and Xiamen Silan Ming Gallium Compound Semiconductor Co., Ltd. accelerated their project construction in 2020, and their personnel expenditures and other management expenses increased significantly compared with the same period of the previous year, resulting in further losses. increase.
During the period, financial expenses were RMB 167,923,737.25, a year-on-year increase of 54.22%. The investment income during the period was -3,564,506.42 yuan, compared with 7,183,461.86 yuan in the same period of the previous year.
According to the announcement, the total remuneration of directors, supervisors and senior executives during the reporting period was 10.70119 million yuan. Chairman Chen Xiangdong received a total pre-tax remuneration of 840,700 yuan from the company, Vice Chairman and General Manager Zheng Shaobo received a total pre-tax remuneration of 840,700 yuan from the company, and Chen Yue, secretary of the board of directors and chief financial officer, received a total pre-tax remuneration from the company 207.16 Ten thousand yuan.
Announcement disclosure shows that the profit distribution plan for the reporting period or the plan for capitalization of public reserves after consideration by the board of directors: the company intends to distribute profits based on the total share capital registered on the equity registration date of the implementation of equity distribution in 2020. The company intends to distribute a cash dividend of 0.16 yuan (tax included) to all shareholders for every 10 shares. As of December 31, 2020, the company’s total share capital was 1,312,061,614 shares. Based on this calculation, the total proposed cash dividend was 20,992,985.82 yuan (tax included), and the remaining profits were transferred to subsequent years for distribution. For example, during the period from the date of disclosure of the profit distribution plan to the equity registration date of the implementation of the equity distribution, the company’s total share capital occurs due to the conversion of convertible bonds/share repurchase/share repurchase and cancellation of equity incentive grants/significant asset restructuring and share repurchase cancellation. In case of changes, the company intends to maintain the total distribution unchanged and adjust the distribution ratio per share accordingly.
According to the data, the business scope of Silan Micro is: design, manufacture and sales of electronic components, electronic parts and other electronic products; import and export of mechanical and electrical products. The main products include three categories: integrated circuits, semiconductor discrete devices, and LED (light emitting diode) products.
