Company code: 688200 company abbreviation: Beijing Huafeng Test & Control Technology Co.Ltd(688200) Beijing Huafeng Test & Control Technology Co.Ltd(688200)
Summary of annual report 2021
Section I important tips
1 the summary of this annual report comes from the full text of the annual report. In order to fully understand the company’s operating results, financial status and future development plan, investors should go to www.sse.com com. cn. The website carefully reads the full text of the annual report. 2 no major risk warning 3 the board of directors, the board of supervisors, directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and integrity of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 4. All directors of the company attended the board meeting. 5 Daxin Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 6. The company is not profitable and has not yet achieved profitability when it is listed □ yes √ No 7. The profit distribution plan or the plan for the conversion of provident fund into share capital in the reporting period adopted by the resolution of the board of directors
After deliberation at the 10th meeting of the second board of directors, the company’s profit distribution plan for 2021 is as follows: Based on the total share capital of 61328754 shares on the date of equity distribution registration, the company will distribute cash dividends of RMB 21.50 (tax included) to all shareholders for every 10 shares, with a total cash dividend of RMB 131856821.10 (tax included) No capital reserve shall be converted into share capital, and the remaining undistributed profits shall be carried forward to the next year.
The above profit distribution plan has been independently commented by independent directors, and the profit distribution plan shall be implemented after being deliberated and approved by the company’s 2021 annual general meeting of shareholders. 8. Whether there are important matters such as special arrangements for corporate governance □ applicable √ not applicable
Section II basic information of the company
1 company profile company stock profile √ applicable □ not applicable
Company stock profile
Stock type stock exchange stock abbreviation before stock code change stock abbreviation and sector
A-share Shanghai Stock Exchange Beijing Huafeng Test & Control Technology Co.Ltd(688200) 688200 none
Scientific innovation board
Profile of the company’s depositary receipts □ applicable √ not applicable contact person and contact information
Contact person and contact information secretary of the board of directors (domestic representative of information disclosure) securities affairs representative
Name: Sun Kai, Wei Wenyuan
Office address: Building 5, courtyard 9, FengHao East Road, Haidian District, Beijing Building 5, courtyard 9, FengHao East Road, Haidian District, Beijing
Tel: 010-63725652 010-63725652
E-mail [email protected]. [email protected].
2. Introduction to the company’s main business in the reporting period (I) main business, main products or services
The company’s main business is the R & D, production and sales of semiconductor automatic test system. The products are mainly used for analog, digital analog, mixed device and power module integrated circuits. The sales area covers all developed countries and regions in China, Chinese mainland, Taiwan, USA, Europe, Japan, Korea and Southeast Asia.
Since its establishment, the company has always focused on the field of semiconductor automatic test system, realized the import substitution of analog and mixed signal semiconductor automatic test system with self-developed products, and continuously expanded its coverage in the field of power semiconductor test such as gallium nitride, silicon carbide and IGBT.
At present, the company has grown into the largest local supplier of semiconductor testing systems in China, and is also one of the few Chinese enterprises that supply semiconductor testing equipment to well-known chip design companies, wafer factories, IDM and packaging and testing manufacturers outside China.
Main products:
Main product application fields
It is used for testing analog, hybrid and power integrated circuits such as power management, signal chain, intelligent sts8200 energy power module and the third generation compound semiconductor Gan
It is used for power management and mixed signal IC testing with higher pin number, higher performance and more stations of sts8300
Provide customers with PIM special test solutions based on sts8200 test PIM test scheme platform, for high-power IGBT / SiC Power module and KGD test
（2） Main business model 1 profit model
The company specializes in the R & D, production and sales of semiconductor automatic test systems, provides high-quality and efficient semiconductor automatic test systems and accessories to customers in the fields of integrated circuit design, wafer manufacturing, packaging and testing, and obtains income and profits.
During the reporting period, the company’s main business income came from the sales of semiconductor automatic test system and test system accessories. 2. R & D mode
The company mainly adopts the independent R & D mode and establishes the R & D organization system with the basic laboratory and R & D department as the core. The basic laboratory is responsible for the tracking and research of cutting-edge technologies, and the R & D department is responsible for carrying out specific R & D work from three levels: basic technology, product technology and application technology. In order to improve R & D efficiency, the R & D part consists of five technical teams: software design, hardware design, PCB design, FPGA design and structure design. The R & D process is divided into four stages: project initiation, R & D stage, verification stage and closure stage. 3. Procurement mode
The company’s procurement methods are direct procurement from the original factory and procurement from the agents and distributors designated by the original factory. The quality department, the R & D department, the production department and the procurement department shall, in accordance with the criteria for selection and evaluation of qualified suppliers and in combination with the technical standards and requirements of procurement projects, compare the relevant materials submitted by different suppliers of similar projects and synthesize the quality, price and service information to determine the list of qualified suppliers. The principle of negotiated pricing is adopted to determine the final purchase price. At present, the company has established long-term and stable cooperative relations with many excellent suppliers, which can ensure the stability of raw material procurement to the greatest extent. 4. Production mode
According to the product characteristics and market sales law, the company arranges the production plan by “sales forecast + order”, organizes the production according to the independent production of core processes and the outsourcing of mature processes, and completes the production plan. 5. Sales model
According to the downstream market demand and the characteristics of its own products, the company adopts the sales mode of “direct sales first, supplemented by distribution”. Under the direct selling mode, the company mainly obtains orders through business negotiation and bidding. Under the distribution mode, the sales target of the company is overseas traders. These customers have accumulated more overseas customer resources in the field of semiconductor testing industry, have relatively mature overseas sales channels, and their own technical level and team can also provide certain technical support services for end customers.
（3） Industry 1 Development stage, basic characteristics and main technical threshold of the industry 1 Development stage and basic characteristics of the industry
The industry of the company is “special equipment manufacturing for semiconductor devices” under “special equipment manufacturing industry”. The semiconductor equipment industry in which the company is located is an industry encouraged and supported by the national industrial policy. In recent years, the state has increasingly strengthened its support for the semiconductor industry, and successively issued the notice of the State Council on printing and Distributing Several Policies to further encourage the development of software industry and integrated circuit industry Policies to encourage and support the development of semiconductor equipment industry, such as the notice of the State Council on printing and distributing the national scientific and technological innovation plan for the 13th five year plan and the special support for integrated circuits by the Ministry of science and technology. The outline of the 14th five year plan also clearly proposes to cultivate advanced manufacturing clusters and promote the innovative development of integrated circuits and other industries, creating a good policy environment for the development of China’s semiconductor equipment industry.
At present, the semiconductor industry in Chinese mainland has entered a mature stage. China’s chip design industry is rising rapidly, especially the power management and power chip design companies are developing rapidly. As the core equipment of semiconductor design and production, the Chinese market space of testing machine is expanding, and the ecology of semiconductor testing machine industry is gradually improving. 2. Main technical thresholds of the industry
The semiconductor testing machine industry to which the company belongs is a typical technology intensive and knowledge intensive high-tech industry, covering the comprehensive technology application of multiple disciplines, including computer, automation, communication, electronics and microelectronics. In terms of core technology R & D, it has the characteristics of long R & D cycle, high R & D risk and large R & D investment. With the continuous development of semiconductor application environment and semiconductor technology, the structure of semiconductor devices tends to be complex, the degree of integration is higher and higher, and the test power consumption is large. In order to test faster, more complex and more integrated semiconductor products, the future semiconductor equipment will develop in the direction of high speed, high precision and high integration. 2. Analysis of the company’s industry position and its changes
The company is one of the first enterprises to enter the semiconductor test equipment industry in China. It has been deeply cultivated in the industry for nearly 30 years. At present, it is the largest local supplier of semiconductor test systems in China.
With the advantages of high performance, easy operation and service, the company has broken the monopoly position of foreign manufacturers in the field of analog and digital analog hybrid testing machines, and has reached the leading level in China in terms of revenue and brand advantages. With the explosion of photovoltaic and new energy vehicles, the development of related power semiconductor products is also advancing by leaps and bounds; After years of technology accumulation and iteration, the company’s testing technology in power products continues to mature, which will occupy an important position in the field of power testing for a long time in the future;
At present, the company is the main test equipment supplier in the field of analog hybrid testing for the top three semiconductor packaging and testing manufacturers in China, and has entered the supplier system in the international packaging and testing market, with installed capacity in Taiwan, Southeast Asia, Japan, Europe and other regions; The company maintains full coverage of Chinese design companies for a long time to ensure a leading position in the long-term competition in the future. At the same time, it maintains good communication with foreign design companies for a long time, and some of them have become our customers; There are few IDM enterprises in China, such as China Resources Microelectronics Limited(688396) , Hangzhou Silan Microelectronics Co.Ltd(600460) , which have become corporate customers. Foreign IDM companies need to continuously improve their testing capabilities in new products and new applications before they will be recognized by more and more customers because they have been covered by thalida, Edwin and other testing equipment companies for a long time. 3. Development and future development trend of new technologies, Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) , new business forms and new models during the reporting period
With the continuous exceeding expectations of photovoltaic and new energy vehicles, and the high growth trend of new application markets represented by the Internet of things, big data, artificial intelligence, 5g communication and automotive electronics, the semiconductor content of automobile, mobile phone and other products continues to increase, driving strong demand. The expansion of wafer factories and packaging and testing factories has brought huge market space to semiconductor automatic testing system enterprises; At the same time, with the improvement of technology in various industries, the integration of chips is also improving. During this period, the third generation semiconductors represented by gallium nitride and silicon carbide and other semiconductor new materials and technologies have been born, which provides new opportunities for Chinese semiconductor automatic test system enterprises to surpass international giants in some subdivided fields.
At present, the global semiconductor industry is undergoing third industrial shifts, mainly from Korea, China Taiwan and Southeast Asia Chinese mainland. The sudden global covid-19 epidemic has accelerated this transfer. At the same time, with the continuous strengthening of the cycle in recent years and the vigorous consumption of residents, China has developed into the world’s largest semiconductor market. Coupled with the continuous care of the government for the semiconductor industry in terms of policies and the continuous development of the whole semiconductor market, China’s semiconductor equipment industry has also ushered in good development opportunities. 3 main accounting data and financial indicators of the company 3.1 main accounting data and financial indicators in recent three years
