Unittec Co.Ltd(000925) 2021 annual work report of the board of directors
April 22, 2022
Board of directors:
2021 is the first year of the 14th five year plan. The company welcomes new opportunities and faces multiple challenges. Under the changing situation of a century, the uncertainty of the internal and external environment has given birth to the “K-type era”. The “linkage utility” brought by digital technology is gradually reconstructing the upstream and downstream of the global industrial chain, realizing the cross-border integration of different fields and industries.
As a firm practitioner of digitization, the company seeks change according to the situation, breaks the situation and grows under the repeated epidemic and repeated impact on the global economy. By adjusting and integrating advantageous resources, the company establishes a new development strategy of “one body and two wings” with the close combination of “industrial digital intelligence” and “intelligent transportation + pan semiconductor”.
During the reporting period, the company achieved an overall operating revenue of about 2.906 billion yuan, a decrease of 0.71% over the same period of last year under the condition of significant adjustment of business structure over the same period of last year. The operating revenue of intelligent transportation business was 2.555 billion yuan, accounting for 87.93% of the company’s overall revenue, an increase of 17.51% over the same period of last year; It contributed about 818 million yuan to the main business profit, an increase of 24.64% over the same period of last year. The production and sales volume of semiconductor business both increased significantly, realizing an operating revenue of 327 million yuan, accounting for 11.26% of the company’s overall revenue, an increase of 50.80% over the same period of last year; It contributed about 131 million yuan to the main business profit. 1、 Show your wings and fly against the wind
In 2021, the global macroeconomic situation was complex, the national epidemic continued to repeat, but the company’s performance continued to grow. In the first quarter, the net profit attributable to the parent company was about 320181 million yuan; In the second quarter, with the effective control of the epidemic in China and the acceleration of the company’s project delivery, the company turned losses into profits compared with the same period last year, and realized a net profit attributable to the parent company of about 669371 million yuan; As of the third quarter, the company’s performance continued to grow in the same direction, and the net profit attributable to the parent company was about 107 million yuan; In 2021, the company realized a net profit attributable to the parent company of 201 million yuan, and the net profit after deducting non recurring profits and losses was 195 million yuan. Flying against the wind reflects the strong internal force of the company against risk, which is relaxed with the time.
(unit: 100 million yuan)
1. Wings of Intelligent Transportation
The company is a pioneer in the digitization and intellectualization of the intelligent transportation industry, and continues to explore and innovate from industry digitization to industry intellectualization. The company has accumulated more than ten years of experience in the development of cloud based and intelligent transportation technologies and scenarios, and has accumulated profound knowledge and experience in the development of cloud based and intelligent transportation technologies and scenarios based on 5g’s own technology and vision Independent special technologies such as multi-sensor fusion technology. The company covers full-automatic train operation control system, automatic fare collection and line network sorting system (AFC / ACC), system integration, train intelligence, intelligent operation and maintenance and other system products, builds intelligent operation and maintenance platform based on big data mobile interconnection, urban rail cloud based on big data, safety computer development and verification platform based on chip localization and other platforms, and constructs the core competence of intelligent transportation solutions.
In December 2021, the first driverless Metro Line in Zhejiang Province (phase I of Ningbo Metro Line 5) was officially opened, and its signal system adopts the bitracon fully automatic train control overall solution (FAO) independently developed by the company, that is, driverless system. This is the first line in China to support innovative technologies such as all electronic interlocking, intelligent dispatching and non-contact obstacle monitoring. The integrated application of digital innovative technology has enabled Ningbo line 5 to have a stronger “body”, brighter “eyes”, smarter “brain” and more agile “nerve center”, which has greatly improved the safety, reliability and operation efficiency of train operation. In addition, Ningbo line 5 adopts Unittec Co.Ltd(000925) new generation hybrid level AFC system based on Cloud Architecture, which is more convenient for users’ daily operation and management, and its comprehensive capacity has reached the leading level in China.
After years of technological upgrading, industrial exploration and market competition, as of this year, the company has achieved a leading market position in the field of smart transportation. At present, smart transportation business covers 24 cities in China, including 10 provincial capitals, 2 municipalities directly under the central government and 12 first and second tier cities. The company will accelerate the implementation of regionalization strategy and further expand its market advantage in the future.
2. Wings of Pan semiconductor
In 2021, the impact of the epidemic plus “core shortage” ran through the development of the whole semiconductor industry, and the global semiconductor industry maintained a high-speed development trend. China’s semiconductor growth trend is clear, and domestic substitution continues to accelerate. With the continuous advancement of digital reform, it continues to contribute to the incremental market for semiconductor applications. The company’s Pan semiconductor business still takes the semiconductor grade silicon material business of the wholly-owned subsidiary Zhejiang Haina Semiconductor Co., Ltd. (hereinafter referred to as “Haina semiconductor”) as the core, arranges the links of the semiconductor industry chain through equity participation and cooperation, and constantly optimizes the industrial development pattern of “one core, multiple highlights”.
As the main enterprise of the company’s Pan semiconductor business, Haina semiconductor’s operating revenue reached 327 million in 2021, an increase of 50% over the same period of last year, of which the net profit exceeded 50 million, an increase of more than 200% over the same period of last year. This year’s performance growth is mainly due to the process improvement and plant transformation of the company’s Quzhou chemical plant under full production throughout the year, so as to increase the yield and output rate of products; Meanwhile, the performance of Japan’s Songqi factory continued to maintain stable growth. In the future, with the completion and operation of the new single crystal production base in Taiyuan, Shanxi Province, it will lay a solid foundation for the iterative upgrading, capacity expansion and quality control level improvement of Haina semiconductor in the medium and long-term development. At the same time, keeping up with the pace of digital transformation, Haina semiconductor introduced imes system to improve the on-site management level in 2021, focused on the improvement of core technologies such as heavy mixing process, and completed the transformation and upgrading of the original mortar wire cutting production line and polishing chip production line. At the same time, Haina semiconductor has completed the optimization of ownership structure, the docking of external strategic financing and steadily promoted the capitalization process this year. The company continues to extend to the upstream and downstream of the pan semiconductor industry chain through equity participation. Among them, Zhejiang Zhongxin Jianhai Semiconductor Technology Co., Ltd., a ceramic thin film integrated circuit manufacturing enterprise with the participation of Unittec Co.Ltd(000925) holding subsidiary, was registered and established in 2021, with an operating revenue of more than 5 million yuan in the first year and achieved profits. As of the reporting date, the relevant production lines have been completed and officially put into operation Zhejiang KunTeng Infrared Technology Co., Ltd., a manufacturing enterprise of refrigeration infrared chips and thermal imagers with the shareholding layout of Unittec Co.Ltd(000925) holding subsidiary, has completed round B financing this year, with a post investment valuation of 1 billion yuan, an operating revenue of more than 70 million yuan and a net profit of more than 20 million yuan. Through investment layout, the company’s Pan semiconductor business has covered many core technologies and products such as semiconductor equipment, integrated circuits and infrared chips. 2、 Transformation and innovation, digital intelligence transformation
In order to adapt to the changes of core competence and business fields, Unittec Co.Ltd(000925) business organization form is adjusted accordingly. Digital intelligence business group and R & D Center for digital intelligence innovation business are set up at the same level to provide digital products and services around relevant scenes and subdivided fields of digital industry.
With the deepening of digital transformation, the service demand has gradually expanded from single basic connection to scene application. Cloud computing, big data, artificial intelligence, Internet of things and other technologies have been deeply integrated and applied with various industries, and the digital trend in transportation, logistics, education, finance and other fields is significant. Industrial digitization has entered the fast lane, and more vertical industries will pour in in the future, giving birth to the new economic situation and productive integration formats, and building a new digital scene with strong interaction and wide coverage.
Relying on the industrial advantages of “intelligent transportation + pan semiconductor” and the accumulation of general technology and special technology, based on the understanding of application scenarios, the company takes chips, systems and products as the carrier to realize the vertical interactive integration from high-end intelligent manufacturing to scene applications, provide digital comprehensive solutions for industrial users, and create the core competitiveness of industrial digital intelligence. In the future, Unittec Co.Ltd(000925) will optimize the allocation of resources and comprehensively carry out digital business around the subdivided fields such as digital transportation, industrial Internet, smart city and digitalization of government management, core intelligent hardware and chips. At the same time, the subsidiary Guoke Zhongchuang will be positioned as an Innovation Incubation Platform to promote the rapid innovation and development of digital business through various forms such as investment and cooperation incubation, enable thousands of industries, and help realize digitization and innovation in vertical fields Network and intelligent transformation and upgrading. 3、 Fulfill their duties and make continuous breakthroughs
In 2021, the capital market experienced ups and downs. Unittec Co.Ltd(000925) by virtue of its main business performance and good brand image in the daily work of the board of directors, it established communication and interaction with investors, and achieved a gratifying result of nearly 45% increase in market value against the trend.
The board of directors of the company has always adhered to the attitude of “fearing the market, the rule of law, professionalism and risk”. During the reporting period, the board of directors has scrupulously performed its duties and fulfilled the obligations of true, accurate, timely and complete information disclosure related to the daily operation and management of the company. During the reporting period, the company completed 124 information disclosure announcements, including 118 temporary announcements and 6 regular announcements, which ensured investors’ right to understand the company’s operation and major matters fairly, timely and accurately.
Operation of the third session in 2021
Type of meeting number of meetings to consider proposals
General meeting of shareholders 4 27
Board of directors 11 64
Board of supervisors 7 22
In 2021, even under the influence of covid-19 virus, the company still actively maintains a high communication frequency with investors through online means, and maintains close communication with investors through investor hotline, investor research, media interviews of company executives, online performance briefing, easy interaction and other forms, so as to make investors and the public fully understand the operation of the company and fully show the investment value of the company.
Management of investor relations in 2021
Contents and times of investor relations work
118 interim reports
6 periodic reports
Interactive easy Q & A answered 214 questions from investors, with a year-on-year increase
170.89%, with a significant increase in market attention
Institutional Research (including performance presentation) more than 4 institutions
2 institutional research reports, involving more than 68 institutions
4、 Compliance governance and optimization of internal control
In 2021, the company strictly implemented the accounting law, accounting standards for business enterprises and other accounting systems, strictly standardized the whole process management of accounting, financial report preparation, external (internal) provision, analysis and utilization, defined relevant work processes and requirements, and implemented the responsibility system; And rotate the annual report audit and internal control audit firms to ensure the independence and objectivity of the company’s audit work and strengthen corporate governance.
At the same time, in strict accordance with the requirements of relevant laws, regulations, rules and normative documents such as the company law, the securities law, the guidelines for the governance of listed companies, the guidelines for the self-discipline supervision of listed companies No. 1 – standardized operation of listed companies on the main board, and in combination with the articles of association, the company has built a compliant and efficient corporate governance structure, standardized the company’s operation, strengthened the construction of internal control system, and improved and improved the corporate governance system based on the general meeting of shareholders, the board of directors The decision-making, supervision and operation system with the board of supervisors and the management as the main structure protects the interests of shareholders and other stakeholders from the management system, continuously improves the company’s value and management transparency, and maintains the overall interests of the company and the legitimate rights and interests of all shareholders. 5、 Follow the trend and start again
In 2021, the company followed the company’s development strategic objectives in terms of talent, management and market, completed the transition, and built a business team that can carry things and win battles, laying a solid foundation for the company’s future development. At the same time, the two phases of equity incentive plans of the company are in parallel, creating an unbreakable “community of interests”, “community of cause” and “community of destiny” relationship between the company and employees.
Now, the company is committed to improving the ability of sustainable development, focusing on leading technology, excellent quality, professional manufacturing and fine management, so as to truly add value to customers.
In 2022, challenges are inevitable, but hope is the same. The company will start again, rise to the trend and achieve its mission. It is hereby reported.
Unittec Co.Ltd(000925) board of directors
April 20, 2002
