The first 2021 annual report of Kechuang board was released

On February 16, Guangzhou Fangbang Electronics Co.Ltd(688020) disclosed the first 2021 annual report of Kechuang board: dragged down by the sales of smart phone terminals, the company's net profit decreased by nearly 70% year-on-year last year. At the same time, the company plans to distribute cash dividends of 1.875 yuan (including tax) for every 10 shares, with a total cash dividend of 15 million yuan, accounting for about 40% of the company's net profit in the current period.

Guangzhou Fangbang Electronics Co.Ltd(688020) the main business is high-end electronic materials. The existing products include electromagnetic shielding film, flexible copper clad laminate, ultra-thin copper foil, etc. In terms of business segments, affected by the passivation of the sales growth of smart phone products, the sales volume and price of electromagnetic shielding film in its main business decreased year-on-year. During the reporting period, the business revenue was about 200 million yuan, a year-on-year decrease of about 16%; The capacity utilization and yield of copper foil business are still in the climbing stage, and the business gross profit is in a state of loss, resulting in the decline of the company's overall gross profit margin.

In addition, the implementation of equity incentive plan, the increase of R & D investment and the ramp up of production capacity also further reduced the profitability of Guangzhou Fangbang Electronics Co.Ltd(688020) . Among them, as the company continued to increase R & D investment in product areas such as electromagnetic shielding film, flexible copper clad laminate, ultra-thin copper foil and resistance film, the R & D expenses of the company increased year-on-year, with R & D capital investment reaching 71.17 million yuan, a year-on-year increase of 56.45%; In addition, the depreciation cost of plant and equipment increased when the Zhuhai Subsidiary was put into use, resulting in an increase in administrative expenses year-on-year.

Guangzhou Fangbang Electronics Co.Ltd(688020) said that during the reporting period, the Zhuhai copper foil project had been successfully put into operation, the sales revenue of lithium battery copper foil and standard electronic copper foil was about 42 million yuan, and the customer testing and certification of stripped ultra-thin copper foil with carrier and standard electronic copper foil were promoted in an orderly manner; Guangzhou raised investment project has completed civil engineering and external decoration, and is in the process of internal decoration and installation and commissioning of main equipment. The project has not yet generated sales revenue.

- Advertisment -