Hunan Goke Microelectronics Co.Ltd(300672) 4 disclosed the annual report of 2021 on April 27. Thanks to the volume of solid-state storage and video coding, the revenue and net profit of Hunan Goke Microelectronics Co.Ltd(300672) 2021 increased significantly, both reaching a record high.
During the reporting period, Hunan Goke Microelectronics Co.Ltd(300672) achieved an operating revenue of 2.322 billion yuan, a year-on-year increase of 217.66%; The net profit attributable to the shareholders of the listed company was 293 million yuan, a year-on-year increase of 313.63%; Earnings per share is 1.6251 yuan; The return on net assets reached 21.12%. The company plans to distribute a cash dividend of 4.00 yuan (including tax) to all shareholders for every 10 shares.
For the substantial growth of the company’s performance in 2021, Hunan Goke Microelectronics Co.Ltd(300672) said that during the reporting period, the company adhered to increasing R & D investment and market development, continuously strengthened technological R & D and technological innovation ability, continued to carry out R & D of core technologies, paid close attention to new technological directions and strengthened investment in key fields in accordance with the established strategy and business ideas. The substantial increase in operating revenue during the reporting period was mainly due to the substantial increase in the company’s video coding, solid-state storage and other products over the same period of last year.
video coding service blowout
In 2021, Hunan Goke Microelectronics Co.Ltd(300672) launched a new generation of h.264/h.265 video capture chip products, which has greatly improved the process, CPU processing capacity, ISP, coding capacity and image analysis capacity compared with the previous generation products. Through professional image quality and low system development cost, it has been widely recognized by the market, and the relevant business income has increased significantly.
According to the annual report, in 2021, the sales revenue of Hunan Goke Microelectronics Co.Ltd(300672) video coding series chip products reached 1.046 billion yuan, an increase of 741.79% over the same period of last year.
Hunan Goke Microelectronics Co.Ltd(300672) said that the company will adhere to the existing development strategy, continue to invest resources in the R & D and innovation of the core technology of video capture and coding chip, strengthen feasibility study, analysis and demonstration and technology R & D, and timely optimize the R & D of new technologies and products according to the market demand and technological development trends.
solid state storage leapfrog growth
Hunan Goke Microelectronics Co.Ltd(300672) is one of China’s leading providers of solid-state drive control chips. The self-developed core product gk2302 series is developed based on its own controller chip and has “double secret certification” of national testing and national secret. The product performance has reached the international mainstream level and has achieved large-scale mass production.
At the same time, Hunan Goke Microelectronics Co.Ltd(300672) relying on its leading technology in the control chip, launched its own brand of “solid state disk, designed in China”, and successfully opened the market in 2021, which promoted the leapfrog growth of the company’s solid-state storage chip business revenue.
The annual report shows that in Hunan Goke Microelectronics Co.Ltd(300672) 2021, the sales revenue of solid-state storage series chips and products reached 1.093 billion yuan, with a year-on-year increase of 131.14%, accounting for 47.06% of revenue.
With excellent product performance and security, Hunan Goke Microelectronics Co.Ltd(300672) won the “Gold Award of top ten flash controller enterprises in 2021” and “Gold Award of top ten solid state drive enterprises in 2021” at the global flash summit in 2021.
Hunan Goke Microelectronics Co.Ltd(300672) said that in the field of solid-state memory controller, the company is actively developing an enterprise level solid-state memory controller for a new generation of process platform and a next-generation controller chip supporting the characteristics of QLC 3D NAND particles. At the same time, the company plans to further develop solid-state drive product series to better meet the application needs of subdivided industry and market. The new generation of solid-state storage enterprise controller chip and its corresponding solid-state hard disk are expected to be introduced to the market in 2022.
video decoding revenue increased more than sixfold
In terms of video decoding chip business, Hunan Goke Microelectronics Co.Ltd(300672) 2021 realized the mass production and commercial use of 8K decoding chip, and successfully participated in the 8K live broadcast project of Beijing Winter Olympic Games.
In 2021, Hunan Goke Microelectronics Co.Ltd(300672) launched 4K and 8K gk63 decoding chip iterative products for IPTV, further expanding the company’s leading edge in the field of ultra-high definition set-top box chips. The annual report shows that the company’s video decoding chip business achieved a revenue of 136 million yuan, a year-on-year increase of 631%.
Hunan Goke Microelectronics Co.Ltd(300672) is also actively laying out the new business field of video decoding. It plans to launch gk67 series chips for TV / commercial display and gk68 series chips for AR / VR market. At present, customers are importing them.
It is worth noting that Hunan Goke Microelectronics Co.Ltd(300672) 2021 also achieved mass production of a new generation of 22nm satellite navigation and positioning chip gk97 series and launched large-scale sales. With the continuous expansion of the promotion of China Beidou application in consumption and other fields, the product is expected to become a new performance growth point of Hunan Goke Microelectronics Co.Ltd(300672) new.
On April 27, Hunan Goke Microelectronics Co.Ltd(300672) also disclosed the first quarterly report of 2022. In the first quarter, the company realized an operating revenue of 509 million yuan, a year-on-year increase of 23.58%; The net profit was a loss of 22.864 million yuan.
The quarterly report shows that the three expenses increased greatly, which affected the profit level of the company in the first quarter. Among them, due to the large increase in business volume, the human investment increased, and the sales cost reached 19.55 million yuan, a year-on-year increase of 137%; Meanwhile, with the expansion of the company’s scale, the operating cost reached 27.12 million yuan, an increase of 72%. In addition, in the first quarter, the company invested heavily in R & D, with R & D expenses as high as 110 million yuan, a year-on-year increase of 114%, accounting for more than 20% of revenue alone.
