With full orders and high capacity utilization, China Resources Microelectronics achieved double growth in revenue and net profit in 2020

On February 26, China Resources Microelectronics released a quick announcement of its 2020 performance results. The company achieved operating income of 697,701.03 million yuan, an increase of 21.49% over the same period last year; operating profit of 106,845.59 million yuan, an increase of 123.64% over the same period last year; total profit of 108,242.03 million yuan, an increase of 113.94% over the same period last year; net profit attributable to the parent company's owners of 96,046.84 million yuan, an increase of 139.66% over the same period last year; net profit attributable to the parent company's owners after deducting non-recurring gains and losses of 84,995.45 million yuan, an increase of 311.98% over the same period last year.

Huarun Microelectronics stated that during the reporting period, the main factors affecting its operating performance were: In 2020, despite the impact of the global COVID-19 pandemic, the company actively took measures to prevent the epidemic and minimize the adverse effects of the pandemic on the company. The company seized market opportunities, carried out solid production and operation, optimized the company's product structure, and enhanced the company's core technology research and development capabilities. The company's operating conditions maintained growth and continued to improve. The company received relatively full orders, with a high overall capacity utilization rate. The overall performance was significantly better than the same period last year, with operating income and gross profit margin increasing year-on-year.

Tianyancha shows that China Resources Microelectronics is a semiconductor company with integrated management capabilities across the entire industry chain, including chip design, wafer manufacturing, packaging and testing. Its products focus on power semiconductors, smart sensors and smart control, providing customers with a wealth of semiconductor products and system solutions. The company's product design is independent and manufacturing is fully controllable. It has strong product technology and manufacturing process capabilities in both discrete devices and integrated circuits, and has formed advanced special processes and serialized product lines.