Company code: Nanya New Material Technology Co.Ltd(688519) company abbreviation: Nanya New Material Technology Co.Ltd(688519) Nanya New Material Technology Co.Ltd(688519)
Summary of annual report 2021
Section I important tips
1 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 http://www.ccl-china.com./ The website carefully reads the full text of the annual report. 2 major risk tips
The company has described in detail various risks and countermeasures that the company may face in the process of operation in this report. Please refer to "IV. risk factors" in "section III Management Discussion and analysis" of this report. Please pay attention to investment risks. 3 the board of directors, the board of supervisors and the directors, supervisors and senior managers of the company guarantee the authenticity, accuracy and completeness of the contents of the annual report, and there are no false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 4. All directors of the company attended the board meeting. 5. Tianjian Certified Public Accountants (special general partnership) issued a standard unqualified audit report for the company. 6. The company is not profitable and has not yet achieved profitability when it is listed □ yes √ No 7. The profit distribution plan or the plan for the conversion of provident fund into share capital in the reporting period adopted by the resolution of the board of directors
In 2021, the company plans to distribute profits based on the total share capital registered on the equity distribution registration date minus the shares in the company's special securities repurchase account. The specific profit distribution scheme is as follows:
The company plans to distribute a cash dividend of 2.50 yuan (including tax) to all shareholders for every 10 shares. As of March 31, 2022, the total share capital of the company is 23440000 shares, and the total number of shares in the repurchase special securities account is 2457950 shares. Based on this calculation, the total cash dividend to be distributed is 5798551250 yuan (including tax). The company's cash dividends (including the repurchase of shares in cash included in cash dividends) accounted for 30.54% of the net profit attributable to the shareholders of the listed company this year.
If the distribution plan changes due to the listing of new shares, share repurchase and other matters during the period from the disclosure to the implementation, the total distribution amount will be adjusted based on the total share capital on the equity registration date of the future implementation of the distribution plan, and the specific adjustment will be announced separately. The profit distribution plan can be implemented only after being deliberated by the company's 2021 annual general meeting of shareholders. 8. Whether there are important matters such as special arrangements for corporate governance □ applicable √ not applicable
Section II basic information of the company
1 company profile company stock profile √ applicable □ not applicable
Company stock profile
Stock type stock exchange stock abbreviation before stock code change stock abbreviation and sector
A-share Shanghai Stock Exchange Nanya New Material Technology Co.Ltd(688519) Nanya New Material Technology Co.Ltd(688519) /
Scientific innovation board
Profile of the company's depositary receipts □ applicable √ not applicable contact person and contact information
Contact person and contact information secretary of the board of directors (domestic representative of information disclosure) securities affairs representative
Name: Zhang Liu, Zheng Xiaofang
Office address: No. 158, Changxiang Road, Nanxiang Town, Jiading District, Shanghai
Tel: 0216917843102169178431
E-mail nanya@ccl -china. com. nanya@ccl -china. com.
2. Introduction to the company's main business in the reporting period (I) main business, main products or services
1. Main business
The company's main business is the design, R & D, production and sales of composite materials and products such as copper clad laminates and adhesive sheets. Copper clad laminate is the core material for making printed circuit board, which is the carrier of electrical connection of electronic components. Copper clad laminate and printed circuit board are indispensable and important components in modern electronic information products. They are widely used in terminal fields such as consumer electronics, computer, communication, automotive electronics, aerospace and industrial control.
2. Main products and services
The company's main products are copper clad laminates and adhesive sheets, as follows:
(1) Copper clad laminate
Copper clad laminate (CCL), the full name of which is copper clad laminate, is a kind of sector-like material made by dipping the reinforcing material with resin glue, covering one or both sides with copper foil and hot pressing. It is the core material for making printed circuit board. Copper clad laminate (CCL) plays the three functions of conducting, insulating and supporting printed circuit board, which has a great impact on the signal transmission speed, energy loss and characteristic impedance in the circuit.
Due to the numerous downstream application fields and different performance requirements, the company has thousands of product specifications. According to the glue system (resin formula system), it can be roughly divided into ordinary FR-4, lead-free compatible FR-4 (hereinafter referred to as "lead-free sector"), halogen-free lead-free compatible FR-4 (hereinafter referred to as "halogen-free sector") and high-frequency high-speed and other copper clad laminates. The details are as follows:
The category represents the application field of the model terminal
Ordinary board series ny1140, ny1600 household appliances, televisions, computers, game consoles, etc
Lead free sector series ny2140, ny2150, ny2150h, ny2170, mobile phones, computers, instruments, automotive electronics, optical ny2170h, ny2600v, etc
Halogen free board series ny3150hf, ny3150hc, ny3170hf intelligent terminal, notebook computer, hard disk, memory, ny3170hc server, automotive electronics, etc
NOUYA2G+、NOUYA4G+、NOUYA6、
Nouya6g, nouya7, nouya7 +, nouya8, core network, bearer network, core routing, switch, high-frequency high-speed board series nouya-l (low CTE), nyhp-5l, nyhp-30, server, optical module, TRX, data center, tiannyhp-5p, nyhp-5p +, nyhp-6a, line, power amplifier, radar, RF module, etc
NYHP-MW、NYHP-55、NYHP-65、NYHP-3A、
NY-6IC
Vehicle board series ny-a1, ny-a2 automotive electronics, charging pile;
(2) Adhesive sheet
Prepreg (abbreviated as PP), also known as semi cured sheet, is the front product in the production process of copper clad laminate. The adhesive sheet determines the overall performance of copper clad laminate to a great extent, which is the embodiment of the formula technology and core added value of copper clad laminate products.
Relationship between copper clad laminate and adhesive sheet
When downstream multilayer board or HDI customers purchase copper clad laminates from copper clad laminate manufacturers, they often need to purchase bonding sheet products of the same manufacturer and specifications as bonding and insulating materials between multilayer boards or HDI layers. The sales of adhesive sheets can well reflect the comprehensive ability of copper clad laminate manufacturers to serve medium and high-end fields such as multilayer board or HDI.
The process flow of copper clad laminate is shown below
（2） Main business model
The company always adheres to the enterprise development spirit of "people-oriented, brainstorming, perseverance and creating great cause", implements the development trend and demand of "market, industry and market", and is always committed to "becoming a world leading manufacturing and solution company in CCL industry". By implementing strict quality standards, adopting systematic quality control system and implementing effective management measures, the company provides green, safe and Environmentally friendly products and high-quality pre-sale, sale and after-sales service.
The company's products have passed CQC product certification, German VDE product certification, Japanese jet product certification and American UL safety certification. The company adopts a systematic quality control system and has successively passed iatf16949 quality management system certification, ISO9001 quality management system, ISO14001 environmental management system and iso45001 occupational health and safety management system certification, and QC080000 hazardous substance process management system.
With years of technology accumulation and brand building, the company has established comprehensive advantages in R & D, production, sales and service, and has formed a high popularity and good reputation in the market. The company has established long-term good cooperative relations with well-known PCB manufacturers such as Aoshikang Technology Co.Ltd(002913) , Founder Technology, Guangdong Champion Asia Electronics Co.Ltd(603386) , Wus Printed Circuit (Kunshan) Co.Ltd(002463) , Hanyu bode, Jianding technology, Shenzhen Kinwong Electronic Co.Ltd(603228) , Victory Giant Technology (Huizhou)Co.Ltd(300476) , Shennan Circuits Co.Ltd(002916) , Shengyi Electronics Co.Ltd(688183) . It was rated as "excellent supplier" by Shennan Circuits Co.Ltd(002916) , Jianding technology, etc.
1. R & D mode
According to the technical development trends of the industry and in combination with the market research results, the company formulates the R & D project plan and assigns the R & D task to the R & D center. After the review and approval, the company enters the stages of formula development, internal test, proofing test, quantitative production conversion and continuous formula optimization of new products. Product R & D mainly focuses on product formula optimization and upgrading and new product development.
(1) Product formula optimization and upgrading mainly consider cost optimization and performance upgrading. According to market changes and customer needs, the company updates and upgrades the original formula technology of mature products to achieve cost optimization or performance upgrading or both, so as to meet customer needs and enhance market competitiveness.
(2) New product development mainly refers to the development of the company's strategic R & D products or the new product development of head terminal technical cooperation. After the company defines the R & D direction according to the medium and long-term strategic objectives or the technical cooperation needs of new head terminal products, the R & D center will organize and establish a special project team to investigate and analyze the R & D feasibility, R & D cycle and cost of new projects and submit them to the company for approval. Among them, the project team is composed of R & D personnel, sales personnel, production personnel and financial personnel. It works in parallel to effectively improve the success rate of R & D, shorten the development cycle and reduce the development cost.
2. Procurement mode
The raw materials required by the company are mainly electronic copper foil, glass fiber cloth and resin. The company attaches great importance to the construction of raw material supply system and has established a qualified supplier evaluation system to ensure the stability of raw material supply by establishing a stable strategic cooperative relationship with well-known upstream suppliers. The procurement department of the company is responsible for regular inquiry. According to the raw material demand plan and comprehensively considering the factors of delivery time, it selects qualified suppliers to place orders and sign purchase contracts on the basis of inquiry, price negotiation and price comparison.
3. Production mode
The company implements the production mode of "combining sales with production and demand forecasting". Guided by the market demand, the company formulates the production plan according to the received orders, sales forecast and business objectives. The production department shall organize production in strict accordance with the process standards according to the production plan, and provide products that meet the needs of customers on time, quality and quantity. In terms of quality control system, the company implements total quality management, with the participation of all staff and throughout the whole process from design to manufacturing.
4. Sales model
The company adheres to the customer-centric principle of "continuously creating greater value for customers" to achieve sustainable and win-win development between customers and the company. Product sales are mainly direct sales, with the direction of terminal (OEM / ODM) and PCB customer demand, continuously expand the market brand influence and market share as the goal, actively develop customers and new projects in various fields, and adopt the sales strategy of "important strategy customer first" and "major high-quality projects first".
（3） Industry 1 Development stage, basic characteristics and main technical threshold of the industry 1. Development stage and basic characteristics of the industry
(1) Industrial policy support and bright development prospects
The industry of the company belongs to "C39 computer, communication and other electronic equipment manufacturing industry" according to the industry classification guidelines of listed companies issued by the CSRC; According to the industrial classification and code of national economy (GB / t47542017), the industry of the company belongs to "c3985 manufacturing of special electronic materials".
Information technology industry is a strategic, basic and leading industry related to the national economy and ensuring national security. It is also a competitive highland highly valued and fully distributed by major countries in the world. Electronic special materials are the cornerstone of supporting the development of information technology industry and the key to ensure the safety and stability of industrial chain and supply chain. The insufficient development of electronic special materials industry will lead to its downstream industries, such as high-performance and high-precision circuit boards, chip packaging, semiconductors and other closely related strategic fields such as 5g communication, artificial intelligence, big data center and automotive electronics, which must rely on imported raw materials
