688766: Puya Semiconductor (Shanghai) Co.Ltd(688766) 2021 annual performance express announcement

Securities code: 688766 securities abbreviation: Puya Semiconductor (Shanghai) Co.Ltd(688766) Announcement No.: 2022-004 Pran semiconductor (Shanghai) Co., Ltd

Announcement of 2021 annual performance express

The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents.

Important content tips:

The main financial data for the year 2021 (hereinafter referred to as the "reporting period") contained in this announcement are preliminary accounting data, which have not been audited by an accounting firm. The specific data are subject to the data disclosed in the 2021 annual report of Pran semiconductor (Shanghai) Co., Ltd. (hereinafter referred to as the "company"), which draws the attention of investors to investment risks. 1、 Main financial data and indicators in 2021

Unit: 10000 yuan, 10000 shares

Increase / decrease range of the project in the same period of last year in the reporting period (%)

Total operating income 110292.40 71733.20 53.75

Operating profit 28378.70 9162.87 209.71

Total profit 28403.46 9396.34 202.28

Net profit attributable to owners of parent company 29250.15 8603.95 239.96

Net profit attributable to the owner of the parent company after deducting non recurring profits and losses of 27443.07, 8034.38 and 241.57

Basic earnings per share (yuan) 9.69 3.20 202.81

Weighted average return on net assets (%) 30.70 26.06, an increase of 4.64 percentage points

Increase / decrease range at the end of the reporting period (%)

Total assets 202464.29 47322.88 327.84

Owner's equity attributable to the parent company 193327.10 39120.69 394.18

Share capital 3622.87 2717.15 33.33

Net assets per share attributable to the owner of the parent company: 53.36 14.40 270.56 yuan

Note: 1. The beginning amount of this report is the same as the end of the previous year legally disclosed.

2. If there is a tail difference in the above increase or decrease data, it is caused by rounding.

2、 Description of operating performance and financial status in 2021

(I) operating performance, financial situation and main factors affecting operating performance in the reporting period

1. Operating performance during the reporting period

In 2021, the company realized an operating revenue of 1102.924 million yuan, an increase of 53.75% over the same period of last year; The net profit attributable to the owners of the parent company was 292.515 million yuan, an increase of 239.96% over the same period of last year; The net profit attributable to the owner of the parent company after deducting non recurring profits and losses was 274430700 yuan, an increase of 241.57% over the same period of last year.

2. Financial situation in the reporting period

In 2021, the company was in good financial condition. The total assets at the end of the reporting period were 2024.6429 million yuan, an increase of 327.84% over the beginning of the reporting period; The owner's equity attributable to the parent company was 1933.271 million yuan, an increase of 394.18% over the beginning of the reporting period; The net assets per share attributable to the owners of the parent company was 53.36 yuan / share, an increase of 270.56% over the beginning of the reporting period.

3. Main factors affecting operating performance

(1) In 2021, the global semiconductor industry has a high prosperity and strong demand for downstream applications. The company has vigorously promoted market expansion and achieved major breakthroughs in many downstream subdivided application fields such as the Internet of things and industrial control. The company has further consolidated and improved its market position in China and achieved rapid growth in business performance overseas; At the same time, the company continues to optimize the product and customer structure and improve the comprehensive gross profit margin;

(2) In 2021, the company continued to increase R & D investment and accumulate product and technical advantages. By actively promoting the upgrading of 40nm process and the iteration of original products, the cost of products is reduced. Through the mass production of new products, the product line and downstream applications are enriched, and the product competitiveness and profitability of the company are improved;

(3) In 2021, according to the announcement of the Ministry of finance, the State Administration of Taxation, the development and Reform Commission, the Ministry of industry and information technology on promoting the high-quality development of integrated circuit industry and software industry (Announcement No. 45 of the Ministry of finance, the State Administration of Taxation, the development and Reform Commission, the Ministry of industry and information technology, 2020) Notice of the national development and Reform Commission and other five departments on the relevant requirements for the formulation of the list of integrated circuit enterprises or projects and software enterprises enjoying preferential tax policies (fggj [2021] No. 413). Key integrated circuit design enterprises and software enterprises encouraged by the state are exempted from enterprise income tax from the first to the fifth year from the profit-making year, The enterprise income tax shall be levied at the reduced tax rate of 10% in successive years. The company was recognized as a key integrated circuit design enterprise on May 29, 2021, and will enjoy the preferential tax policy of exemption from enterprise income tax in 2021.

(II) the main reasons for the increase or decrease of relevant items in the above table is more than 30%

Project name change proportion (%) main reasons

This is mainly due to the high prosperity of the global semiconductor industry and the strong demand for downstream applications during the reporting period. The company vigorously promoted market expansion and achieved major breakthroughs in many downstream subdivided application fields, such as networking and industrial control, with a total operating revenue of 53.75%.

The company's market position in China has been further consolidated and improved, and its business performance has increased rapidly overseas.

The operating profit of 209.71 was mainly due to the substantial growth of the company's operating revenue during the reporting period, the continuous optimization of product and customer structure and the increase of comprehensive gross profit margin; The scale effect brought by this made the operating profit and total profit 202.28, and the total profit increased greatly.

Owned by the parent company 239.96

The net profit of the company is mainly due to the large increase in the total profit of the company during the reporting period, which belongs to the parent company. At the same time, the company is recognized as a key integrated power company on May 29, 2021. After deducting the non recurring 241.57 road design enterprise, it will enjoy the preferential policy of net profit exempted from corporate income tax in 2021, The net profit attributable to the owners of the parent company increased by 202.81 per share, slightly higher than the increase of total profit.

It is mainly due to the increase of 327.84 accounts receivable and inventories due to the growth of operating revenue and the expansion of business scale, as well as the increase of funds raised by the company's initial public offering.

The equity attributable to the parent company is mainly due to the large increase in the company's net profit during the reporting period and the owner's equity of 394.18 the company's initial public offering of shares.

The share capital of 33.33 was mainly caused by the company's initial public offering of shares.

All assets belonging to the parent company are mainly due to the large increase in the company's net profit during the reporting period and the company's initial public offering of 270.56 net assets per share.

(III) explanation of the difference between the main financial data in the reporting period and the expected performance of the prospectus

The company was posted on the website of Shanghai Stock Exchange (www.sse. Com. CN.) on August 16, 2021 Disclosed the prospectus for initial public offering and listing on the science and Innovation Board (hereinafter referred to as the "prospectus"), and predicted the company's performance in 2021: the company's operating revenue in 2021 was 1.1 billion yuan - 1.22 billion yuan, a year-on-year change of 53.35% - 70.07% over 2020; The net profit attributable to the owners of the parent company was 187 million yuan to 253 million yuan, a year-on-year change of 117.34% - 194.05% over 2020; After deducting non recurring profits and losses, the net profit attributable to the owners of the parent company was 179-245 million yuan, a year-on-year change of 122.79% - 204.94% compared with 2020.

During the reporting period, the net profit actually attributable to the owners of the parent company was 292.515 million yuan, an increase of 15.61% over the expected upper limit of the performance of the prospectus; The net profit actually attributable to the owners of the parent company after deducting non recurring profits and losses was 274430700 yuan, an increase of 12.01% over the expected upper limit of the performance of the prospectus. The main reasons are as follows: 1. Impact of main business: during the reporting period, the global semiconductor industry had a high prosperity and strong demand for downstream applications. At the same time, the company continued to optimize the product and customer structure, and the comprehensive gross profit margin increased;

2. Impact of financial expenses: the expected performance of the prospectus does not include the interest income of the company's over raised funds. The company uses idle over raised funds to invest in bank deposits and financial products with high safety, good liquidity and stable income, so as to promote the significant growth of the company's interest income.

3、 Risk tips

The main financial data of 2021 contained in this announcement is preliminary accounting data, which has not been audited by an accounting firm, and may be different from the data disclosed in the company's 2021 annual report. The specific data shall be subject to the data disclosed in the company's 2021 annual report, and investors are reminded of investment risks.

It is hereby announced.

Board of directors of Pran semiconductor (Shanghai) Co., Ltd. February 23, 2022

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