Securities code: Shenzhen Yitoa Intelligent Control Co.Ltd(300131) securities abbreviation: Shenzhen Yitoa Intelligent Control Co.Ltd(300131) Announcement No.: 2022015 Shenzhen Yitoa Intelligent Control Co.Ltd(300131) 2021 annual report summary I. important tips 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 carefully read the full text of the annual report in the media designated by the CSRC. The audit opinion of Zhongshen Zhonghuan Certified Public Accountants (special general partnership) on the company's financial report this year is: standard unqualified opinion. There was no change in the accounting firm during the reporting period. Tips of non-standard audit opinions □ applicable √ not applicable when the company is listed and is not profitable at present □ applicable √ not applicable to the profit distribution plan of ordinary shares or the plan of converting accumulation fund into share capital in the reporting period considered by the board of directors □ applicable √ not applicable. The company plans not to distribute cash dividends, bonus shares or convert accumulation fund into share capital. Preferred stock profit distribution plan for the reporting period adopted by the board of directors □ applicable √ not applicable II. Basic information of the company 1. Company profile
Stock abbreviation Shenzhen Yitoa Intelligent Control Co.Ltd(300131) stock code Shenzhen Yitoa Intelligent Control Co.Ltd(300131)
Shenzhen Stock Exchange
Contact person and contact information secretary of the board of directors securities affairs representative
Name: Liu Lin, Li Hao
Office address 6 Baoxing Road, Haiwang community, Xin'an street, Bao'an District, Shenzhen
Fax: 075526613854
Tel: 075586140392
E-mail [email protected]. [email protected].
2. Introduction to main business or products during the reporting period
(I) main business
During the reporting period, the company's main businesses were distribution of electronic components, R & D, manufacturing and sales of semiconductor components, integrated circuits and other electronic components, and software R & D, sales and maintenance.
1. Electronic components distribution business
During the reporting period, thanks to the continuous improvement of the epidemic situation in China, the increased demand for downstream new energy vehicles, 5g, distance learning office and industrial Internet of things, and the failure to effectively improve the shortage of electronic components, the prosperity of China's electronic components industry increased significantly. In this context, the company's distribution business team seized the favorable opportunity to strengthen the development of the downstream market. On the basis of deeply excavating the new needs of old customers, it also developed a number of new head customers such as byte beat and Tesla, and better completed the annual sales plan of the distribution sector. At the same time, the company has basically completed the optimization and integration of the distribution business system during the reporting period, which has brought obvious business agglomeration and specialization effects and improved the profitability of the distribution business.
Without considering the impact of the shrinkage of the company's consolidation scope caused by the divestiture of assets due to the optimization and adjustment of previous business, the electronic components distribution business segment (referring to the existing distribution business after excluding the divested distribution business by the end of the reporting period, the same below) realized an operating revenue of 56581277 million yuan, an increase of 38.34% over the same period of last year. During the reporting period, the company continued to adjust and optimize the distribution business structure and stripped off the distribution business entities such as Shanghai Compaq, Weill electronics and Qingdao supply chain. The continuous optimization of the distribution business structure improved the overall profitability of the company's distribution business. As of the end of the reporting period, the gross profit margin of the existing electronic components distribution business segment was 9.38%, an increase of 2.41% over the same period last year, Compared with the same period last year, the gross profit margin of the company's overall distribution business (including stripped distribution business) increased by 4.26%.
2. R & D, manufacturing and sales of semiconductor components, integrated circuits and other electronic parts
During the reporting period, Yingtang micro technology, the holding subsidiary of the company, with its rich technical reserves and senior R & D team in the field of Analog IC and digital IC products of photoelectric conversion and image processing, as well as its 6-inch wafer device production line, provided customers with R & D, manufacturing and sales of products including photoelectric integrated circuits, optical sensors, display driver IC, vehicle IC, MEMS mirror and so on. During the reporting period, Yingtang micro technology has achieved mass production of new products such as optical sensors (industry) and MEMS galvanometer in terms of new product development. Among them, the MEMS galvanometer products of Yingtang micro technology, as the core components of lidar for automatic driving, have high technical added value and broad market application prospects. These products will be the key development products of Yingtang micro technology in the future, and continue to expand its further product R & D and industrial application in the fields of lidar, laser projection and AR / VR; With the help of the company, Yingtang micro technology also started to introduce Chinese customer resources and actively explore the Chinese market during the reporting period.
During the reporting period, Shanghai corestone, the former holding subsidiary of the company, with more than ten years of technical reserves in power semiconductor devices, mainly provided customers with power semiconductor devices such as silicon-based (SBD, Fred, MOSFET, IGBT, ESD), silicon carbide based (SiC SBD, SiC MOSFET) through fabless mode. However, Shanghai corestone is affected by the shortage of production capacity of China's wafer foundry, and its total business scale is greatly limited. Finding a stable and sufficient foundry capacity for Shanghai corestone is a more urgent task in the short term. In the long term, the company's independent and controllable power device manufacturing capacity through acquisition or self construction is the main way for Shanghai corestone to solve the capacity bottleneck and rapid development.
During the reporting period, the company continued to promote the implementation of the construction layout of China's semiconductor production line. Through cooperation with yingmeng technology and Zhongtang development, the company introduced various resources such as semiconductor equipment, universities and industry experts, patent technology and capital site. All parties jointly established Sichuan Yingtang core technology Co., Ltd. in Chengdu, Sichuan to invest in the construction of "Yingtang Semiconductor Industrial Park".
The construction of the project is divided into three parts. The first part is to build an optical sealing and testing production line with an annual output of 120180 million pieces and an IPM sealing and testing production line with an annual output of 1.5-2 million pieces. The second part is to build a fab6 inch characteristic (including SiC) process line with an annual output of 720000 pieces. The third part is to build an advanced sealing and testing production line with an annual output of 2 billion pieces. Participating in the "Yingtang Semiconductor Industrial Park project" is an important decision made to meet the company's demand for semiconductor production capacity. After the completion of the project, it will mainly meet the manufacturing and sealing test needs of the company's photoelectric sensors, power semiconductors, power management chips and other products.
3. Software R & D, sales and maintenance business
Software R & D, sales and maintenance business is mainly aimed at developing system management software related to the electronic industry, covering all aspects of enterprise online management, including financial management, supply chain management, customer relationship management, human resource management, production and manufacturing, and is committed to realizing paperless office, efficient enterprise automation management and information communication between enterprises at the system level.
Shenzhen yousoft Technology Co., Ltd., the holding subsidiary of the company, has developed ERP management software for more than ten years, focusing on serving enterprises in electronic manufacturing industry and electronic component distribution agency industry; The team composed of IT experts and industry personnel raised funds by yousoft to build a UAS system with multiple A / C sets with "operation control as the core idea". In 2017, the MES production execution system of youruan technology was successfully launched. Youruan technology will build an enterprise information cooperation platform based on ERP + and MES +, which will help the operation and management and the efficient operation of the production site with automation, visualization, intelligence and mobility, so as to provide an overall solution for the informatization of the group and enterprises. At present, more than 200 group companies and enterprises have used the UAS system, with more than 1500 a / C sets.
The self-developed enterprise management system has laid a solid system foundation for the continuous expansion of the company's electronic distribution business, the integration of M & a target business and the introduction of semiconductor production and manufacturing business in the future. During the reporting period, the company's software business developed smoothly, showing a stable growth trend over the same period of last year.
Based on the current R & D and manufacturing capabilities of semiconductor chips, the company will continue to increase the industrial layout in the field of semiconductor chip manufacturing and packaging, and finally form a whole industry chain semiconductor IDM enterprise group integrating R & D, manufacturing and sales, based on the channel distribution of electronic components and centered on semiconductor design and manufacturing. (II) business model
1. Electronic components distribution business
(1) Agency and procurement mode
Determine whether to open up a product market according to the market demand. The original supplier shall be confirmed by the product. After small batch trial procurement, the agency matters shall be negotiated with the original factory after the downstream market is stable. The original factory shall investigate and verify the agency qualification of the company. The company has set up a supply chain center, which is fully responsible for the overall procurement of the company and the warehousing management of purchased materials according to the procurement plan of original products determined with the sales department.
(2) Sales model
Each business unit determines the customer group according to the selected market / industry, and directly serves the downstream end customers through market development and resource introduction of the original factory. With a perfect technical service team and warehousing and logistics system, it can provide customers with the whole process services such as secondary development technical support of original general products, commodity procurement, logistics and warehousing.
2. Semiconductor chip business
(1) Procurement mode
IDM mode, integrating the sales forecast of end customers / agents and the production of production management department, and preparing materials in advance. The business support department is responsible for the company's procurement. When selecting suppliers, it comprehensively considers the quality, price, delivery time, environment and stability. In addition, it also makes a comprehensive and fair judgment according to the management conditions, anti social and environmental protection work.
Fabless mode, integrating the sales forecast of end customers / agents, notifying the outsourcing processing plant to prepare goods in advance, and the key raw materials can be reviewed and negotiated with the supplier by themselves. Select the outsourcing processing plant, comprehensively consider the quality, price, delivery time, environment and stability, and make a comprehensive and fair judgment according to the management conditions, anti sociality and environmental protection work.
(2) Sales model
It adopts two modes: distribution and direct supply. The business / marketing department shall jointly determine the customer group and carry out targeted customer development and market promotion. The company's semiconductor business unit can directly provide technical support or sales for key customers, or use the company's own channel resources to act as an agent for sales, so as to improve the overall profit margin. When the company's distribution channel resources cannot cover regions and small and medium-sized customers, it can use other agent resources to provide customers with technical and logistics services.
(III) main performance drivers during the reporting period
During the reporting period, the company achieved an operating income of 6338052200 yuan, a decrease of 39.16% over the same period of the previous year; The operating profit was 1506882 million yuan, a decrease of 28.10% over the same period last year; The total profit was 585604 million yuan, a decrease of 74.43% over the same period last year; The net profit attributable to the shareholders of the listed company was 288223 million yuan, a decrease of 89.28% over the same period last year; The net profit attributable to the shareholders of the listed company after deducting non profits was 762068 million yuan, an increase of 124.34% over the same period of the previous year.
Compared with the same period of last year, the company's operating profit and gross profit margin benefited from the improvement of industry prosperity and the optimization and adjustment of industrial structure. However, due to the amortization of the cost of the new equity incentive plan during the reporting period and the impact from the performance of guarantee liabilities and other related matters, the growth rate of operating profit and net profit attributable to shareholders of listed companies was reduced. The details are as follows:
1. The prosperity of the industry has improved significantly
During the reporting period, although there were repeated outbreaks abroad, the world economy as a whole was in a state of recovery. In addition, benefiting from the good control of the epidemic in China, the demand for downstream new energy vehicles, distance learning and office, industrial Internet of things and other industries increased, the shortage of some electronic components continued, and the prosperity of China's electronic components industry increased significantly. Without taking into account the impact of the shrinkage of the company's consolidation scope caused by the divested assets due to the optimization and adjustment of the previous business, such as lianchuangtai and Yi Hytera Communications Corporation Limited(002583) etc., as of the end of the reporting period, the existing electronic components distribution business segment realized an operating revenue of 56581277 million yuan, an increase of 38.34% over the same period of the previous year.
2. Impact of industrial structure adjustment
During the reporting period, the industrial structure of the company has changed compared with the same period of last year. In the distribution business segment, the optimization and adjustment of the business system has been basically completed. The atomic companies Yi Hytera Communications Corporation Limited(002583) , Yingtang ChuangTai and lianchuangtai are no longer included in the scope of consolidated statements in the reporting period, resulting in the decline of the overall sales scale of the company compared with the same period of last year to a certain extent. However, the divestiture and sale of relevant assets further optimized the company's distribution business system and improved the profitability. During the reporting period, the gross profit margin of the overall distribution business was 9.39%, an increase of 4.27% over the same period last year.
In the semiconductor business segment, compared with the same period of the previous year, the company newly added the sensor, vehicle IC and power semiconductor device businesses related to the semiconductor IDM enterprise Yingtang micro technology and the power semiconductor R & D and design enterprise Shanghai core stone. During the reporting period, the company's semiconductor business realized an operating revenue of 444199800 yuan, accounting for 7.01% of the company's total operating revenue, realized a net profit of 266939 million yuan and a net profit attributable to the shareholders of the listed company of 141569 million yuan.
3. Impact of amortization of equity incentive cost and performance of guarantee obligations
