Hc Semitek Corporation(300323) 2021 net profit increased by 4 times

On the evening of April 11, Hc Semitek Corporation(300323) released the annual report of 2021. The report shows that Hc Semitek Corporation(300323) achieved an operating revenue of RMB 3.156 billion in 2021, a year-on-year increase of 19.37%; The net profit attributable to the shareholders of the listed company was 94 million yuan, a year-on-year increase of 413.29%.

The company disclosed on the same day that at the board meeting held on April 11, Liu Rong was elected as a candidate for non independent director of the Fifth Board of directors and a member of the strategy committee of the board of directors, and Liu Rong was appointed as the president of the company. According to the inquiry, Liu Rong is one of the founding team members of Hc Semitek Corporation(300323) and once served as vice chairman and President of the company for a long time. He resigned at the beginning of 2020 and now officially returns.

According to the annual report, the company’s net profit increased significantly in 2021. On the one hand, the company continued to improve its governance level and achieved remarkable results in fine management, cost reduction and efficiency increase; On the other hand, the proportion of high gross profit products such as mini led, high-end backlight, high light efficiency general lighting and plant lighting increased, which effectively promoted the growth of revenue and profit. It is disclosed that the company’s comprehensive gross profit margin in 2021 was 8.77%, an increase of 4.56 percentage points over the same period of the previous year, of which the gross profit margin of LED chip increased by 4.89 percentage points year-on-year, the gross profit margin of LED substrate increased by 17.99 percentage points year-on-year, and the overall operation level of the company increased significantly.

According to public information, Hc Semitek Corporation(300323) continues to increase its market share in mini led, high-end display, high light efficiency lighting and traditional backlight. As one of the first leading enterprises to develop and mass produce Mini LED chips, Huacan Mini LED chips have entered the supply chain of large terminal manufacturers such as qunchuang and BOE. In 2021, a number of new terminal products were unveiled, which effectively promoted the growth of mini led sales. It is understood that Huawei V75 super smart screen listed in July 2021 and Skyworth Mingli smart Mini LED TV q72 listed in September, of which the suppliers of mini LED chips are Hc Semitek Corporation(300323) . In addition, Hc Semitek Corporation(300323) also jointly developed Mini led active glass based technology with BOE, realizing a major breakthrough in the field of mini LED technology.

Hc Semitek Corporation(300323) relevant person in charge said that the double growth of revenue and net profit in 2021 indicates that the company has returned to the rapid growth channel. In the future, Hc Semitek Corporation(300323) will continue to improve its corporate governance ability, adhere to the development strategy of taking technological innovation as its core competitiveness, accelerate the in-depth cooperation with leading enterprises at home and abroad, and further consolidate the company’s core competitiveness and leading position in the field of advanced semiconductors.

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