Securities code: 300184 securities abbreviation: Wuhan P&S Information Technology Co.Ltd(300184)
Wuhan P&S Information Technology Co.Ltd(300184)
Record of investor relations activities
No.: 2022-002
\uf0fe company research □ analyst meeting
□ media interview □ performance briefing
Investor relations activity □ press conference □ Roadshow
Dynamic category
□ site visit
□ others
Name of participants: Liu Yuenan and Chen Xiao of Guotai Junan Securities Co.Ltd(601211) Securities Research Institute;
And personnel name Guotai Junan Securities Co.Ltd(601211) director of Hubei Branch
Time: February 11, 2022
Location: No. 5, wudayuan Third Road, Donghu New Technology Development Zone, Wuhan
Reception of listed companies
Liao Lihua, deputy general manager and investment director
Personnel name
1. Please introduce the current business structure of the company
A: in 2021, the company’s overall revenue maintained a stable and slight growth compared with that in 2020, and its net profit increased significantly compared with that in 2020, mainly due to the optimization of the company’s business structure: (1) Huawei, the company’s indirect customer, was sanctioned by the United States, The company’s indirect operating income from its investor relations mobile phone business decreased from about 6 billion yuan in 2019 to about 2.6 billion yuan in 2020, and then to about 140 million yuan in 2021. Huawei’s mobile phone business decreased significantly. After Shao, the company increased oppo, vivo, Xiaomi and other mobile phone brand businesses, Significantly make up for the decline of Huawei’s mobile phone business; (2) Increase investment in industry, new energy, automobile, ubiquitous power, Internet of things, 5g, intelligent instruments and other industries, and increase the proportion of high gross profit businesses. The above makes the company’s business layout more reasonable, the customer structure more healthy and the overall profitability improved.
2. Current industry competition pattern
A: the trillion market of the whole industry is very large. In the past, it has been controlled by those overseas companies. Listed in February 2011, the company is the first A-share listed company in the local industry. Through listing, M & A and integration in recent ten years, it has entered the leading enterprise in the local industry. In recent years, several local companies have entered the industry through M & A, and several new companies have been listed. Let’s make the local distribution industry bigger and stronger, so that more customers can enjoy services, Serving their own customers well is not the kind of industry competition with you or without me. The purpose is to make the industry bigger and the enterprise stronger.
3. How do you view the semiconductor cycle from the perspective of semiconductor agents?
Reply: the semiconductor cycle has always existed. The production capacity constraints brought by industrial upgrading will continue to affect the changes of the semiconductor cycle. At present, the overall supply tension in the cycle tends to ease, but the increase in demand for new energy vehicles and the imbalance of supply matching lead to the long delivery period of original manufacturers in Europe and America, and the shortage cycle is still continuing. On the one hand, the upstream original factory has been launching new products, resulting in insufficient production capacity due to strong demand among customers, and the number of client applications exceeded expectations, resulting in insufficient supply from the upstream original factory; On the other hand, the company has tens of thousands of customer groups, and the downstream customers cover a wide range of industries, with different industries every year. 4. What equipment are MCU chips developed by the company used, which industries are applicable to, and how is the current progress?
Reply: MCU microcontroller has a wide range of application scenarios and is the basis of a large number of intelligent innovative designs. Common applications include but are not limited to the following fields: security monitoring, electric bicycles, electricity meters, gas meters, water meters, handheld devices, electronic labels, oximeters, blood glucose meters, white goods, Internet of things, office appliances, toys, computer peripherals, UAVs, Siasun Robot&Automation Co.Ltd(300024) , intelligent manufacturing, intelligent transportation, intelligent buildings, automobiles (not involved by the company at present) and other industries.
At present, the company’s self-developed MCU chip has entered the stage of mass production, and the mass production scale will gradually climb.
5. What is the shareholding ratio of the company in Yunhan core city and how is its listing progress? Reply: at present, the company holds 10.25% equity of Yunhan core city and is the third largest shareholder of Yunhan core city. On December 29, 2021, the website of Shenzhen Stock Exchange showed that the IPO application of Yunhan core city had been accepted.
List of accessories (if any)
nothing
(yes)
Date: February 13, 2022
