Gross profit margin increased overall, and Xindao Technology's net profit in 2021 increased by 54.38% year-on-year

On the evening of February 23, Xindao Technology disclosed its performance report, showing that in 2021, the company achieved operating income of 476 million yuan, a year-on-year increase of 29.13%; net profit attributable to shareholders of the parent was 114 million yuan, a year-on-year increase of 54.38%.

Xindao Technology stated that the semiconductor industry's prosperity will rise in 2021. The company seized market opportunities and continued to actively strengthen product research and development and market development, and the company's operating performance grew steadily; the company continued to be market-oriented and continued to develop high-performance products, improving product performance while also increasing product added value; with the increase in sales of some high-gross-margin products, the overall product gross profit margin has also increased.

Regarding the reasons for the increase in gross profit margin, Xindao Technology said that first, the company continued to develop high-performance products and upgrade product structure design, which not only improved product performance but also increased product added value. Some products reduced chip production process steps through continuous chip process optimization, thereby reducing product chip costs. Secondly, the company is constantly optimizing the supply chain system and has introduced some professional manufacturers with higher packaging efficiency and certain cost advantages, which has reduced product packaging costs. At the same time, as the sales of some high-gross-profit products increase year by year, the overall product gross profit margin has also increased.

It is reported that the current research and development of GaN chips of Xindao Technology is focused on 650VGaN-on-SiHEMT power devices and related supporting ICs, which are mainly used in the field of consumer electronics. The products currently developed have current levels of 8A to 15A. At the same time, samples of related GaN driver ICs have been produced. The two-in-one products of GaN devices and GaN ICs have also passed the 1000h reliability verification and can be used for PD fast charging applications such as 55W/65W/110W/120W. At this stage, they have been tested and verified in many clients. The company is also preparing for the development of low-voltage E-modeGaN HEMT to meet the needs of future low-voltage applications.

Faced with the downward trend in consumer electronics, Xindao Technology believes that although the consumer electronics industry has declined since the second half of 2021, the overall market demand is still relatively large, and the company expects that there is still a lot of room for development. The company continues to invest in research and development, develops and iterates new technology platforms, and continuously launches high-performance products to meet customer application requirements and gradually achieve domestic substitution. The company is very confident that it will continue to increase its market share in the consumer electronics industry through product advantages. At the same time, the company expects to continue to accelerate product layout in other fields, such as industry, new energy, and automobiles, through R&D investment in the future.