Suzhou Hyc Technology Co.Ltd(688001) : net profit in 2021 increased by 18.43% year on year

On the evening of April 14, Suzhou Hyc Technology Co.Ltd(688001) released the annual report of 2021. During the reporting period, the company achieved an operating revenue of 2.02 billion yuan, a year-on-year increase of 20.43%; The net profit attributable to the shareholders of the listed company was 314 million yuan, a year-on-year increase of 18.43%; The basic earnings per share is 0.72 yuan. The company plans to distribute a cash dividend of 2.15 yuan (including tax) for every 10 shares.

The company said that the reason for the increase in operating revenue during the reporting period was the steady growth in the demand for automatic testing equipment products in 2021, in which the proportion of semiconductor business was further increased; During the reporting period, the company expanded the scale of revenue, reduced manufacturing costs, controlled expenses and increased net profit.

During the reporting period, the company closely followed the iteration of panel display technology, comprehensively improved the flat panel display detection technology to OLED screen, and continuously upgraded the reserves of new generation display detection technology such as miniled, micro led and micro OLED. Among them, micro OLED series detection equipment obtained the first test line order of terminal customers during the reporting period, maintaining the leading level in the industry in terms of technology and market. In addition, with the continuous mass production of a number of standard equipment in the semiconductor testing business, including testing machines, sorters and AOI defect detection equipment, and the smooth entry of the intelligent wearable assembly and testing business taking the opportunity of the merger and acquisition of olitong, a good pattern of three main business segments of flat panel, semiconductor and intelligent wearable supporting the development of the company has been initially formed.

In 2021, the R & D investment of the company was RMB 353 million, accounting for 17.46% of the operating revenue, an increase of 39.64% over the same period in 2020. The characteristics of R & D drive are obvious. During the reporting period, the company obtained 292 new intellectual property rights (including 29 invention patents, 191 utility model patents, 16 design patents and 56 software copyrights), a total of 641 intellectual property rights, and the R & D achievements continued to be reflected.

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