On April 15, the 2021 annual report released by Shannon Xinchuang showed that during the reporting period, the company's operating revenue was 9.206 billion yuan, a year-on-year increase of 337671%; The net profit attributable to the shareholders of the listed company was 224 million yuan, a year-on-year increase of 247.76%; Earnings per share was 0.53 yuan, a year-on-year increase of 247.13%. It is reported that Shannon Xinchuang completed a major asset restructuring in July 2021. The annual report only consolidated the semi annual statements, and the company's performance has been quite bright.
In 2021, Shannon Xinchuang completed the major asset acquisition of 100% equity of lianchuangtai. Lianchuangtai has been included in the consolidated statements of the company since July 2021. The main business of the company has changed from the deceleration clutch of washing machine to the distribution of electronic components. Shannon Xinchuang has invested a lot of resources in the company's strategy, talent allocation, channel construction, team integration, market expansion and other aspects. The post merger integration is progressing smoothly. During the reporting period, the distribution revenue of electronic components accounted for more than 96% of Shannon Xinchuang's revenue. The company has successfully realized business transformation.
In 2021, the global semiconductor market achieved substantial growth. According to the report released by the American Semiconductor Industry Association (SIA) on February 14, 2022, the global semiconductor market reached US $555.9 billion in 2021, a year-on-year increase of 26.2%, a record high; China remains the world's largest semiconductor application market, with total sales reaching US $192.5 billion in 2021, a year-on-year increase of 27.1%; In terms of semiconductor category, memory chip is one of the categories with the highest total sales, reaching US $153.8 billion, a year-on-year increase of 30.9%.
At the same time, according to public information, the performance of SK Hynix, the company's main partner, also reached a new high in 2021. The annual consolidated revenue was about $34.9 billion, a year-on-year increase of 35%, and the operating profit was about $10.1 billion, a year-on-year increase of 148%, of which the storage chip business accounted for more than 90%.
According to the Research Report of Ping An Securities, from the perspective of the development path of global chip distribution leaders, chip distribution leaders have huge development space. Compared with the international market, the market shares of global industry concentration CR3, CR10 and Cr20 are 14.72%, 18.40% and 19.36% respectively, while China is only 2.41%, 5.22% and 6.84%. On the one hand, Chinese semiconductor and component manufacturers are still growing, and international first-class distributors are close to the original factories, And it has developed for a long time and experienced many times of integration; On the other hand, China's electronics industry started relatively late. With the development of smart phones and cloud business, local distribution manufacturers still have huge development space. From the development path of chip enterprises such as iResearch electronics and Will Semiconductor Co.Ltd.Shanghai(603501) etc., there is also huge space for horizontal and vertical M & A integration in China's distribution industry in the future.
The management of Shannon Xinchuang said that the company aims to create an innovation ecosystem of the whole industrial chain of high-end semiconductors. The distribution of electronic components is an important link in the whole electronic components industry chain. The wholly-owned subsidiary United ChuangTai has worked deeply in this field. It is China's leading high-end technical service platform for electronic components, provides demand matching, inventory buffer and information value for the whole industry, and maintains good cooperative relations with upstream and downstream customers; The joint-stock companies Haoda electronics, Yongsi electronics, micro conductive nano technology and Bi Ren technology are also excellent enterprises in various subdivided fields. So far, from upstream materials, design and manufacturing to downstream application and consumption, Shannon Xinchuang has gradually built a virtuous cycle ecosystem, effectively promoting the wide flow of knowledge, information and capital in the industrial chain.
