With forward-looking layout of highly competitive chips, Fuman Micro's net profit increased by 354.32% in 2021

On the evening of April 18, Fumanwei released its 2021 annual report. In 2021, the company achieved operating income of 1.3699 billion yuan, a year-on-year increase of 63.82%; net profit attributable to shareholders of the listed company was 456 million yuan, a year-on-year increase of 354.32%; net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 411 million yuan, a year-on-year increase of 381.36%; basic earnings per share was 2.23 yuan; it is planned to pay a cash dividend of 3.00 yuan (including tax) for every 10 shares to all shareholders.

During the reporting period, Fumanwei actively responded to the wafer tension situation, and various types of highly competitive chip products with forward-looking layout became popular products among customers in the industry during the reporting period; during the reporting period, the company launched more than 100 chip products with superior technical performance, multiple integration, low unit cost and many other advantages, which laid the foundation for many technological leadership in the consumer electronics segments and contributed to a substantial increase in performance during the reporting period.

During the reporting period, the wafer manufacturing capacity of the integrated circuit industry was tight, and there was a serious chip capacity shortage in the world. Faced with the above situation, Fuman Micro, relying on its years of accumulation in the integrated circuit industry, has guaranteed the capacity supply during the reporting period and the next two years through measures such as adding new wafer foundry partners and prepaying wafers, becoming a stable backup for the substantial growth of operating income.

In addition, Fuman Micro started the Pingshan factory construction project to lay a solid foundation for the company's stable operation and development. The Pingshan packaging and testing factory project, which covers an area of ​​9,741 square meters, completed the construction of foundation pit support, earthwork, pile foundation and other construction projects in 2021, and is expected to complete the main civil engineering in 2022. After the completion of this project, the company will add 5G RF chips and other related packaging production lines; expand the production capacity of small-pitch LED screens and power management chips.

Looking ahead to 2021, Fumanwei said that the company has always adhered to R&D innovation and worked silently with technological advancement as its mission. In 2022, the company will focus on deepening operations and practicing management in the following aspects:

 1. Continue to increase investment in research and development, pay attention to the development trends and applications of new technologies, and proactively plan for future potential products; strengthen technological innovation and accelerate new product development, continuously optimize product design, and enhance the overall competitiveness of the company.

2. Accelerate the construction progress of Pingshan packaging and testing factory to meet the needs of capacity expansion.

3. Integrate intelligent manufacturing and comprehensive quality management into production operations to improve operational efficiency.

4. Continue to strengthen corporate value building and enhance brand influence.

5. Focus on expanding sales markets and scale, and use high-stability, high-security, and high-reliability products to enhance the brand loyalty of industry customers, and help achieve stable growth in operating income and profits.

6. Strengthen corporate governance, control operational risks within limits, and ensure the company's standardized operations and healthy development.

7. Further improve, establish and perfect the company's long-term incentive and constraint mechanism, attract and retain the company's core management, technical and business talents, fully mobilize their enthusiasm and creativity, enhance the cohesion of the core team and the core competitiveness of the enterprise, strengthen corporate culture construction, and grow together with employees.