At the annual performance presentation of Rockchip Electronics Co.Ltd(603893) 2021 held on April 1, Rockchip Electronics Co.Ltd(603893) cfo Wang Haimin introduced to investors that the overall market scale of aiot (Intelligent Internet of things) is expected to increase by more than 20% in 2022.
Rockchip Electronics Co.Ltd(603893) is China’s leading aiot chip design company. The company’s performance increased significantly in 2021. According to the annual report released by the company on March 22, Rockchip Electronics Co.Ltd(603893) achieved an operating revenue of 2.719 billion yuan in 2021, with a year-on-year increase of 45.9%; The attributable net profit was 602 million yuan, a year-on-year increase of 88.07%.
Among them, the company’s new products have made outstanding contributions to performance. For example, the machine vision chip rv1109 / rv1126 series and the intelligent application processor rk3566 / rk3568 series have contributed nearly 20% of the annual revenue, while the proportion of new products in the company’s revenue will continue to increase in the future.
However, for the above achievements, Rockchip Electronics Co.Ltd(603893) frankly said that the structural shortage of the supply chain throughout the year greatly limited the growth of the company’s revenue. The annual supply of some main products only met less than half of the demand, which was limited by the supply, which delayed the growth of the company’s performance last year.
However, Rockchip Electronics Co.Ltd(603893) did not rely on price increases in exchange for performance. Due to the shortage of supply chain and strong demand side, the semiconductor design industry has the conditions for substantial price increase, but the company insists on maintaining a coexistence and win-win ecological relationship with customers for a long time, only to offset the rise of upstream costs, maintain a balanced gross profit margin of about 40%, and do not raise prices too much to earn short-term profits.
It is reported that the competition in the semiconductor industry in the past two years is the competition of supply chain, talent and technological innovation. The data show that Rockchip Electronics Co.Ltd(603893) continuously maintains more than 20% of the R & D rate investment and continues to build its core competitiveness. As the chip manufacturing industry will continue to expand capacity to meet demand, the American Semiconductor Industry Association (SIA) predicts that global semiconductor sales will continue to grow in 2022.
The company expects that the overall demand growth of aiot and the easing of the company’s supply in 2022 will benefit the development of the company.
