Wuxi Nce Power Co.Ltd(605111) ( Wuxi Nce Power Co.Ltd(605111) ) disclosed the annual report of 2021 on March 21. During the reporting period, the company achieved a total operating income of 1.498 billion yuan, an increase of 56.89% over the same period of last year; The net profit attributable to shareholders of listed companies was 410 million yuan, an increase of 194.55% over the same period of last year; Deduct non net profit of 402 million yuan, an increase of 198.12% over the same period last year. The company plans to distribute a cash dividend of 5.75 yuan (including tax) to all shareholders for every 10 shares, and is expected to distribute a cash dividend of 821221 million yuan (including tax).
R & D investment increased by more than 50% year-on-year
In 2021, affected by the rise of emerging application fields such as automotive electronics, photovoltaic inverter and photovoltaic energy storage, the accelerated localization of electronic components and the continuous epidemic, the prosperity of the power semiconductor industry is increasing and the upstream capacity is becoming increasingly tight. In this context, Wuxi Nce Power Co.Ltd(605111) actively explore emerging markets and key customers, including but not limited to automotive electronics, photovoltaic inverter and photovoltaic energy storage, charging pile, high-end industrial control, high-end electric tools, 5g base station power supply, lithium battery protection, plant protection UAV, plant lighting, Siasun Robot&Automation Co.Ltd(300024) and other fields, and finally achieve better growth in business scale and economic benefits.
During the reporting period, the company achieved a total operating income of 1.498 billion yuan, an increase of 56.89% over the same period of last year; The net profit attributable to shareholders of listed companies was 410 million yuan, an increase of 194.55% over the same period of last year; Deduct non net profit of 402 million yuan, an increase of 198.12% over the same period last year. At the same time, it is noteworthy that in 2021, Wuxi Nce Power Co.Ltd(605111) R & D investment was 796892 million yuan, an increase of 54.05% over the same period of last year, accounting for 5.32% of operating revenue.
photovoltaic inverter and energy storage will become the growth point of performance
Since 2021, Wuxi Nce Power Co.Ltd(605111) from the aspects of chip OEM, packaging and testing, has continued to maintain good cooperative relations with major suppliers.
In terms of chip foundry business, Wuxi Nce Power Co.Ltd(605111) covers the major domestic chip foundry suppliers in China, such as Huahong Hongli and China Resources Shanghua, who have the foundry ability of large-size wafer chips such as MOSFET and IGBT; In particular, Huahong Hongli has established a long-term strategic cooperative relationship with it, and has been put into operation in Huahong Hongli plant 1, plant 2, plant 3 and plant 7. At present, Wuxi Nce Power Co.Ltd(605111) has become one of the semiconductor power device design companies with the largest chip investment of China’s 8-inch and 12 inch chip process platform, and the overall production capacity continues to grow. In addition, in 2021, the company has carried out risk batch verification of products in an overseas chip foundry, invested the first engineering batch in a domestic chip foundry, and continuously developed chip foundry suppliers as a supplement to production capacity.
In terms of packaging and testing, on the one hand, the output of electrical integrated packaging and testing of the company’s subsidiaries has increased steadily, which has been able to meet the independent packaging and testing needs of nearly 40% of the company’s products; On the other hand, the company further strengthened its cooperation with more than ten excellent packaging and testing enterprises, such as Jcet Group Co.Ltd(600584) ( Jcet Group Co.Ltd(600584) ), sun moonlight (ASX. US), Jiemin electronics and Chengdu Jijia. In 2021, the number of packages of the company exceeded 2.33 billion. At the same time, most of the package shapes of IGBT Series products have achieved stable mass production, and the package module products have achieved small batch trial production. The company is actively developing more partners.
Just last year, the company focused on introducing Byd Company Limited(002594) . At present, it has achieved mass supply of more than a dozen products. At the same time, the company’s products have also entered the whole machine parts factories of several automobile brands, and the overall sales proportion of automobile electronic products has been rapidly increased; At the same time, the company has grasped the fast-growing market demand of new energy carbon peak carbon neutralization, focusing on the photovoltaic inverter and photovoltaic energy storage market. IGBT and MOSFET products have been sold in large quantities in China’s major leading enterprises Wuxi Nce Power Co.Ltd(605111) said that the field of photovoltaic inverter and photovoltaic energy storage will become an important performance growth point of the company in 2022.
