China Micro’s 2019 net profit increased by 107.51%, mainly due to good shipments of etching equipment

Yufei.com reported on February 28 that China Micro Company disclosed its 2019 annual performance report. The company achieved a net profit of 189 million yuan in 2019, a year-on-year increase of 107.51%.

As for the reasons for the growth in performance, Zhongwei said that the company mainly provides etching equipment, MOCVD equipment and other equipment for manufacturers of semiconductor products such as integrated circuits, LED chips, and MEMS. In 2019, the company’s overall development trend is good. Relying on the company’s leading technological advantages in the above equipment fields and a good customer base, the company’s business scale has continued to expand and sales revenue has grown steadily.

According to public information, Zhongwei is a leading enterprise in my country’s integrated circuit equipment industry. The products currently developed are mainly plasma etching equipment, thin film deposition equipment and other key equipment produced in the front line of integrated circuits, and have been gradually developed and applied to Pan-semiconductor equipment products in the fields of advanced packaging, MEMS, MiniLED, MicroLED, etc.

In addition, according to SEMI estimates, 62 new fabs will be put into production worldwide in 2017-2020, of which 26 are located in mainland China, accounting for 42% of the total. Lithography, etching and thin film deposition are the three most important semiconductor processes. Etching equipment accounts for about 24% of the total value of wafer manufacturing equipment. The market space is huge. As a leader in the etching field, China Micro Corporation will benefit first.

Statement of Operating Results and Financial Condition

Operating conditions, financial conditions and main factors affecting operating performance during the reporting period During the reporting period, the company achieved operating income of 1,946,949,300 yuan, an increase of 18.77% over the same period of the previous year; net profit attributable to owners of the parent company was 188,564,200 yuan, an increase of A year-on-year increase of 107.51%; the net profit attributable to owners of the parent company after deducting non-recurring gains and losses was 147.5393 million yuan, an increase of 41.48% over the same period of the previous year. At the end of the reporting period, the company’s total assets were 4,712,211,900 yuan, an increase of 33.39% compared with the beginning of the report period; the owner’s equity attributable to the parent company was 3,751,077,000 yuan, an increase of 77.24% compared with the beginning of the report period.

The company mainly provides etching equipment, MOCVD equipment and other equipment for manufacturers of integrated circuits, LED chips, MEMS and other semiconductor products. In 2019, the company’s overall development trend is good. Relying on the company’s leading technological advantages in the above equipment fields and a good customer base, the company’s business scale has continued to expand and sales revenue has grown steadily.

Explanation of the main reasons for the increase or decrease of financial indicators by more than 30%

1. Operating profit and total profit increased by 34.51% and 34.75% respectively compared with the same period of the previous year, mainly due to the increase in the company’s operating income compared with 2018, benefiting from the development of the semiconductor industry and the competitive advantages of the company’s products; Share-based payment expenses included in non-recurring gains and losses amounted to RMB 102 million, and no such expenses were incurred in the current period.

2. The net profit attributable to owners of the parent company increased by 107.51% over the same period of last year, mainly due to the increase in operating income and the decrease in share-based payment expenses, and the increase in the deduction of research and development expenses in the current period, which led to the current income tax Cost reduction.

3. The net profit attributable to owners of the parent company after deducting non-recurring gains and losses increased by 41.48% compared with the same period of last year, mainly due to the reasons mentioned above and the amount of government subsidies included in non-recurring gains and losses in the current period compared with the same period of last year reduce.

4. Total assets and owner’s equity attributable to the parent company increased by 33.39% and 77.24% respectively compared with the beginning of the period, mainly because the company received funds from initial public offerings.

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