Securities code: 688018 securities abbreviation: Espressif Systems (Shanghai) Co.Ltd(688018) Announcement No.: 2022-002 Lexin information technology (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 legal responsibility for the authenticity, accuracy and integrity of its contents according to law.
The main financial data of the year 2021 contained in this announcement are preliminary accounting data, which have not been audited by an accounting firm. The specific data shall be subject to the company’s regular report of the year 2021, and investors are reminded of investment risks. 1、 Main financial data and indicators in 2021
Unit: RMB 10000
Increase / decrease range of the project in the same period of last year in the reporting period (%)
Total operating income 138637.15 83128.65 66.77
Operating profit 20836.47 11045.84 88.64
Total profit 20833.01 11045.92 88.60
Net profit attributable to the owner of the parent company 19842.77 10405.20 90.70
Deduction attributable to the owner of the parent company
Net profit of recurring profit and loss 17269.96 7385.18 133.85
Basic earnings per share (yuan) 2.4775 1.3006 90.49
The weighted average return on net assets was 11.52% and 6.47%, an increase of 5.05 percentage points
Increase / decrease range at the end of the reporting period (%)
Total assets 212905.61 182963.12 16.37
Owner’s equity attributable to the parent company 182301.79 164113.04 11.08
Share capital 8015.90 8003.05 0.16
Net income per share attributable to owners of the parent company
Assets (yuan) 22.74 20.51 10.87
Note: 1. The beginning amount of this report is the same as the end of the previous year legally disclosed.
2. The above financial data and indicators are filled in with the data in the consolidated statements, but have not been audited. The final results are based on the annual report of the company in 2021
Degree report shall prevail.
2、 Description of operating performance and financial status
(I) operating conditions, financial conditions and main factors affecting operating performance during the reporting period
In 2021, the company realized an operating revenue of 1386371500 yuan, an increase of 66.77% year-on-year; The operating profit was 208364700 yuan, a year-on-year increase of 88.64%, and the total profit was 208330100 yuan, a year-on-year increase of 88.60%; The net profit attributable to the owners of the parent company was 198427700 yuan, an increase of 90.70% year-on-year. After deducting the impact of structural deposit income and government subsidies, the net profit attributable to the owner of the parent company after deducting non recurring profits and losses was RMB 172.6996 million during the reporting period, with a year-on-year increase of 133.85%.
During the reporting period, the downstream demand of the company was strong and the business grew rapidly. The overall shipment of the whole line of products increased by 30% – 40% year-on-year, and the equivalent shipment of the same product increased by 50% – 55%; Affected by the shortage of wafer packaging capacity in the upstream of the integrated circuit industry, the company adjusted its sales strategy, increased the product price, and further improved its profitability.
In addition, the company further strengthened its R & D investment. At the end of the period, the total number of the company was 517, of which R & D personnel accounted for 75%, and the R & D expenses increased by 40.92% year-on-year. The main R & D achievements are as follows:
1) Hardware: three new aiot chips are released, all equipped with risc-v 32-bit processor independently developed by the company, with richer product matrix.
2) In terms of software application: it has not only made a technological breakthrough in the field of Wi Fi 6, but also entered the field of thread / ZigBee technology, marking the company’s product layout in the three mainstream wireless technologies of smart home (Wi Fi, low-power Bluetooth and thread / ZigBee), further broadening the company’s development boundary in the field of Wireless SoC (Wireless SoC).
3) Cloud services: the cloud product ESP Rainmaker has been commercialized, evolving from the initial cloud middleware to a complete aiot platform, integrating our chip hardware, third-party voice assistant, mobile app and cloud background, and realizing the hardware, software application and cloud one-stop product service strategy.
(II) main reasons for increase and decrease of main indicators
1. The total operating revenue increased by 555085100 yuan year-on-year, with an increase of 66.77%, mainly due to the comprehensive influence of two factors: first, the Internet of things industry in which the company is located is in the growth stage, and the sales volume in this period has increased; Second, the price of upstream raw materials rises, and the company increases the product price accordingly according to the rising cost and the relationship between supply and demand.
2. The operating profit increased by 97.9063 million yuan, an increase of 88.64%, the total profit increased by 97.8709 million yuan, an increase of 88.60%, and the net profit attributable to the owner of the parent company increased by 94.3757 million yuan, an increase of 90.70%, mainly due to the combined influence of three factors: during the reporting period, the company’s operating revenue increased significantly year-on-year, and the comprehensive gross profit margin was controlled at about 40%, At the same time, the company further strengthened R & D investment, and the R & D expenses increased by 78.8979 million yuan, an increase of 40.92% over the same period last year.
3. The net profit attributable to the owner of the parent company after deducting non recurring profits and losses increased by 98.8478 million yuan year-on-year, an increase of 133.85%, which was greater than the increase of net profit attributable to the owner of the parent company, mainly due to the decrease of government subsidies included in other income in non recurring profits and losses and the income from the purchase of structured deposits compared with last year. 4. The basic earnings per share increased by 90.49% year-on-year, mainly due to the increase of net profit in the reporting period.
3、 Risk tips
The main financial data of 2021 contained in this announcement are preliminary accounting data. The main indicators such as net profit attributable to shareholders of listed companies 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 Lexin information technology (Shanghai) Co., Ltd. February 25, 2022
