Jiangsu Jiejie Microelectronics Co.Ltd(300623)
Work report of the board of directors in 2021
In 2021, the board of directors of Jiangsu Jiejie Microelectronics Co.Ltd(300623) (hereinafter referred to as "the company") actively and effectively carried out its work, strictly implemented the resolutions of the general meeting of shareholders and effectively supervised the performance of the duties of the company's senior managers in accordance with the company law, the Securities Law, the articles of association, the rules of procedure of the board of directors and other relevant provisions in strict accordance with the attitude of being responsible to the shareholders and the company The powers conferred by laws and regulations have effectively safeguarded the interests of the company and the rights and interests of the majority of shareholders. Guided by the national strategic emerging industry development plan of the 14th five year plan and the national outline for the development of integrated circuit industry, the company continues to focus on the development direction of its main business, based on customer value creation, correct cognition and selection, sharpen creation and innovation, maintain high investment in R & D and innovation, improve itself with future oriented ability, adhere to market orientation, innovation drive and quality as its main competitive advantage, We will unswervingly plough deep into the field of power semiconductor devices to achieve high-quality and sustainable development.
The main work report of the board of directors in 2021 is as follows:
1、 Main business indicators and key work in 2021
During the reporting period, with the joint efforts of all employees, the company adhered to market-oriented, innovation driven, domestic substitution for import, resolutely implemented the requirements of the company's development strategy, actively promoted the construction of key projects, accelerated the development of key work, unswervingly developed sustainably in the field of power semiconductor devices, significantly improved the company's core competitiveness and further consolidated its leading position in subdivided industries, The main business has achieved rapid growth.
Under the opportunities and challenges of the Sino US trade war and the urgent need of China's semiconductor industry to replace domestic imports and improve the localization rate, the company quickly started and implemented fixed growth projects, and laid out new broad market fields such as MOSFET, IGBT and third-generation semiconductor devices. Focusing on its main business, the company focuses on endogenous growth. Through the construction of raised investment projects and fixed value-added projects, the stock and increment coexist. Combined with the company's consistent customized production and personalized services, the company realizes domestic substitution for imports, improves market share and brand influence, deeply cultivates in the field of power semiconductors, improves and strengthens, and maintains the healthy, stable and sustainable development of the enterprise.
During the reporting period, the company realized an operating revenue of 1772800900 yuan, an increase of 75.37% over the same period of last year; The operating profit was 5704654 million yuan, a year-on-year increase of 75.56%; The total profit was 569188500 yuan, a year-on-year increase of 75.43%; The net profit was 492494900 yuan, a year-on-year increase of 74.44%; The net profit attributable to shareholders of listed companies was 4970569 million yuan, an increase of 75.34% over the same period of last year. The basic earnings per share was 0.68 yuan, a year-on-year increase of 74.36%.
As of December 31, 2021, the total assets of the company were 5726489 million yuan, a year-on-year increase of 94.72%; The share capital was 7367176 million yuan, a year-on-year increase of 50.04%; The owner's equity was 3928476 million yuan, a year-on-year increase of 57.55%; The owner's equity attributable to shareholders of listed companies was 3269251 million yuan, with a year-on-year increase of 31.41%. The company's total assets, share capital, owner's equity and owner's equity attributable to shareholders of listed companies increased year-on-year.
The implementation of the company's key work in 2021 is summarized as follows:
1. Refinancing
On February 23, 2021, the GEM Listing Committee of Shenzhen stock exchange held the 12th review meeting of the listing committee in 2021 (hereinafter referred to as the "Shanghai Municipal Committee meeting") to examine Jiangsu Jiejie Microelectronics Co.Ltd(300623) the application for issuing convertible corporate bonds to unspecified objects. According to the review results of the municipal Party committee meeting, the company's application for this issuance meets the issuance conditions, listing conditions and information disclosure requirements.
With the consent of China Securities Regulatory Commission's Zheng Jian Ke [2021] No. 1179 document, the company issued 11.95 million convertible corporate bonds to unspecified objects on June 8, 2021, with a face value of 100 yuan each and a total raised capital of 1195 million yuan. The period of convertible bonds to shares of the company is from December 15, 2021 to June 7, 2027; The conversion price is 29.00 yuan / share. In the fourth quarter of 2021, a total of 1923 "jiejie convertible bonds" were converted into shares (with a total face value of 192300 yuan), and a total of 6586 " Jiangsu Jiejie Microelectronics Co.Ltd(300623) " shares were converted. As of December 31, 2021, the company's remaining convertible corporate bonds were 11948077, with a total remaining face value of RMB 1194807700.
2. Project construction
Construction content and progress of main products of raised investment projects
New power electronic chip production
One line, with an annual output of 6 inches
Shanghai Pudong Development Bank Co.Ltd(600000) chips; Packaging production as of December 31, 2021, there are 5 lines (TO-220 series, MOSFET, IGBT, quick recovery "power electronic device production line, power electronic device production line construction tp-3p series, SOT-223, diode (FRD), thyristor construction project", and the actual investment capital projects 89 series, TO-252 series, etc. The amount is 5356919 million yuan (TO-92 Series), the annual output from the project progress is 100.88%, and Shangfeng power electronic devices are 3 billion yuan in the construction period.
Only; Technology R & D and testing line 1
Article; 1 laboratory.
New electronic component chip student
One production line, supporting finished products, and one new chip components and photoelectric assembly line as of December 31, 2021.
Annual output Φ 4. The actual investment amount of SMD varistor and SMD is 1.5 million inch wafers produced by sealing and testing of hybrid integrated circuits, 195786900 yuan of device diode and AC and DC light, and 2.09 billion incoming line construction items of the project, including SMD electrically coupled hybrid circuits, etc. The degree of resistance is 102.98%, and 160 million varistors are still under construction and in the installation period.
1.75 billion chip diodes,
180 million AC / DC optocouplers.
Achieve the annual packaging test of "vehicle specification level" of various vehicles
As of December 31, 2021, the actual investment amount of DFN series of power devices and vehicles with 1627.5kk of devices is the "vehicle specification level" of power semiconductors Ability. Among them, the DFN series production scale high-power device toll is 872939 million yuan, the project has entered the sealed test industrialization project product 1425kk, the degree of toll series and vehicle scale high-power device is 7.46%, the product 90kk has not been completed, the lfpack series, lfpack series and WCSP power supply are completed, and the product is expected to be 67.5kk in June 2023 (WCSP power supply device). Completed and put into operation at the end of the year.
Device product 45kk.
Supporting Wuxi and Shanghai MOSFETs, as of December 31, 2021, mainly engaged in high-end power semi conducting team, promoting the research and development of high-end power semi conducting team with the actual investment amount of high-end power semi conducting body industrialization construction project, meeting the downstream city of 1256035 million yuan, and the project is under construction, project development, production and sales. According to the market demand, the market share is expanded to 50.25%, which has not yet been constructed, so as to alleviate the problem of tight MOSFET production capacity, which is expected to be completed in September 2023. Completed and put into operation at the end of the year.
The project plans to adopt deep fast recovery diode chip and device
Trench etch and fill workpiece, high for IGBT module
As of December 31, 2021, power semiconductor 6-inch wafer technology, high-voltage and other planar terminal industrial voltage large current rectifier chips, and the construction technology of device sealing and testing production line are expected to form 6 low capacitance, low residual voltage and other protection after reaching the post production stage. The actual investment amount is 1 million project inch Wafers / year and device chips and devices, with a medium to high investment of 66.07 million yuan, The progress of the project is 10 billion power semiconductor voltage power integrated chips per year, with an average of 12.89%, which is still in the construction period. Industrialization of sealed test devices energy surface thyristor chips and other cores
power. And other products.
3. Employee motivation
(1) On March 19, 2021, the company held the sixth meeting of the Fourth Board of directors and the sixth meeting of the Fourth Board of supervisors, deliberated and adopted the proposal on the achievement of lifting the restrictions in the third lifting period of the restricted stock incentive plan in 2017. On May 14, 2021, the company has handled the incentive procedures for 87 incentive objects who meet the conditions for lifting the restrictions
Completed the lifting of the restrictions on the sale of 2742567 restricted shares in total. In 2021, three incentive objects in the company's 2020 restricted stock incentive plan have resigned, so they no longer have the qualification of incentive objects. After examination and confirmation by Shenzhen Branch of China Securities Depository and Clearing Co., Ltd., the company's restricted stock repurchase cancellation has been completed. (2) On August 24, 2021, the company held the 13th meeting of the 4th board of directors and the 13th meeting of the 4th board of supervisors, deliberated and adopted the proposal on granting reserved restricted shares to incentive objects. The relevant proposals of the company's 2020 restricted stock incentive plan were reviewed and approved at the fifth extraordinary general meeting in 2020. According to the incentive plan, the number of reserved restricted shares is 245000, the number of reserved and granted restricted shares is 237000, and the remaining non granted restricted shares are invalid. The grant date of some reserved restricted shares is August 24, 2021, and the listing date of the granted restricted shares is September 16, 2021.
4. Profit distribution
On April 12, 2021, the 2020 annual general meeting of shareholders of the company deliberated and approved the profit distribution plan for Jiangsu Jiejie Microelectronics Co.Ltd(300623) 2020. Based on 490998199 shares of the company's total share capital, the company distributed cash dividends of RMB 1.60 (tax included) to all shareholders for every 10 shares, with a total cash dividend of RMB 7855971184 (tax included), and increased 5 shares for every 10 shares with capital reserve to all shareholders, After the distribution, the total share capital of the company increased to 736497298 shares.
5. Major investment
(1) On November 1, 2021, the company held the 16th meeting of the Fourth Board of directors, which deliberated and adopted the "on the proposed establishment of holding subsidiaries"
