Benefiting from the high prospect of the semiconductor industry, the net profit of Nations Technologies Inc(300077) ( Nations Technologies Inc(300077) . SZ) increased by more than 18 times last year.
according to the annual report disclosed on March 31, 2007 3, the company achieved an operating revenue of 1.017 billion yuan in 2021, a year-on-year increase of 168.00%; The net profit attributable to the shareholders of the listed company was 219 million yuan, a year-on-year increase of 184909%; The basic earnings per share is 0.39 yuan / share.
Nations Technologies Inc(300077) is engaged in the field of integrated circuit design and new energy cathode materials, and its performance growth is expected.
In recent years, China’s integrated circuit design industry has shown a trend of rapid growth. According to the data released by China Semiconductor Industry Association, the sales revenue of integrated circuit design industry increased from 36.39 billion yuan in 2010 to 377.84 billion yuan in 2020, with an average annual compound growth rate of 26.36%.
In this context, Nations Technologies Inc(300077) as an integrated circuit design enterprise, its revenue of integrated circuits, key components and other products in 2021 increased by 163.82% year-on-year, reaching 637 million yuan, and its gross profit margin also increased by 5.25 percentage points year-on-year to 59.19%. This also contributed the bulk of the company’s net profit.
Nations Technologies Inc(300077) products involve general MCU chips, financial security and Internet of things security chips, trusted computing chips, smart card chips, ultra-low power Bluetooth chips, etc.
Meanwhile, Nations Technologies Inc(300077) continued to increase investment in new energy cathode material business, with revenue increasing by 175.31% to 380 million yuan year-on-year. Although the gross profit margin was less than that of integrated circuit business, it also increased significantly, with a year-on-year increase of 8.18 percentage points to 29.19%.
performance increased rapidly, while institutional shareholders withdrew one after another in the fourth quarter of last year, there were originally five funds, including social security fund 602 and social security fund 504, of which three withdrew and one reduced their holdings.
At the end of the third quarter of 2021, there were five fund seats in the list of Nations Technologies Inc(300077) top ten circulating shareholders, including China industry prosperity mixed fund, social security fund 602 portfolio, social security fund 504 portfolio, Guolian an China Securities all index semiconductor products and equipment trading index fund and Boshi macro return Bond Fund.
During the fourth quarter of last year, the social security fund 602 portfolio, the social security fund 504 portfolio and Boshi macro Return Bond Fund have withdrawn. The Guolian Anzhong securities all index semiconductor products and equipment trading index fund has reduced its positions, and only the Huaxia industry boom hybrid fund has increased its positions by 3.0800 shares to 139365 million shares.
The withdrawal of institutional shareholders also means that there is great uncertainty whether Nations Technologies Inc(300077) IC design business can still maintain high growth.
The secondary market has already reflected the high expectation of the semiconductor industry Nations Technologies Inc(300077) in the middle of last year, there was a 4.5-fold rise in two months. From 7 yuan / share at the end of May to 42.26 yuan / share at the end of July. Subsequently, the Nations Technologies Inc(300077) share price began to fall, and the latest closing price was 18.77 yuan, which has been cut back from the high level.
In the future, Nations Technologies Inc(300077) chooses to continue to promote the hot new energy battery business in recent years in order to build a new profit growth point for the company.
Nations Technologies Inc(300077) said that the holding subsidiary snow industry is engaged in the research and development of artificial graphite negative electrode materials and has the production capacity of the whole industrial chain from raw material pretreatment to negative electrode materials.
During the reporting period, the graphitization phase II construction invested and constructed by the company in Inner Mongolia has been officially put into trial production, and the annual production capacity of the two production lines is expected to reach more than 20000 tons under the condition of full production. The company’s production and sales volume of negative electrode materials in 2021 is only about 8000 tons.
although the existing capacity has not been fully released, Nations Technologies Inc(300077) has not stopped the expansion of negative electrode material business
On March 25, the company disclosed that snow industry plans to invest in the “integration project of negative electrode materials for new energy power batteries with an annual output of 100000 tons” in Suizhou City, Hubei Province. According to the announcement, the total investment of the project is about 3 billion yuan. The construction period of the project is five years, which is divided into two phases. The first phase is 50000 tons, and the construction period is about 8 months. If there are no special circumstances, the construction of phase II project shall be started within one year after the phase I project is put into operation.
last year, the capacity utilization rate was less than half, and Nations Technologies Inc(300077) also plans to double the capacity. Whether the new energy battery can become a new business support point of the company has not been determined
