On April 24, Chuangyao Technology released the first quarter report of 2022, saying that the company achieved operating income of 230 million yuan in Q1, an increase of 422.25% year-on-year; net profit attributable to shareholders of listed companies of 25.4561 million yuan, an increase of 12.7456% year-on-year; net profit after deducting non-recurring gains and losses of 23.4569 million yuan, an increase of 1997.5% year-on-year.
Regarding the performance changes, Chuangyao Technology said that the operating income increased by 422.25% year-on-year, mainly due to the continued improvement of the semiconductor industry boom, and the sales volume of the company's access network business products increased significantly compared with the same period last year; the net profit attributable to the shareholders of the listed company increased by 1274.56% year-on-year, mainly due to the substantial increase in operating income and financial income of the raised funds.
In addition, Chuangyao Technology said that due to the tight production capacity of upstream fabs in the same period last year, the company locked up production capacity by paying wafer advance payments to downstream customers by paying wafer advance payments in advance. During the reporting period, the tight production capacity situation has eased, the company and the upstream fab order capacity is sufficient, and the revenue and expenditure of customers and suppliers have been dynamically balanced, so the net operating cash flow has decreased.
According to the data, Chuangyao Technology is a professional integrated circuit design enterprise, mainly focusing on the research and development, design and sales of communication core chips, and providing application solutions and technical support services. The company is committed to combining market demand, the continuous accumulation of physical layer communication algorithms and software, analog circuit design, digital-analog hybrid large-scale SoC chip design and layout design and other platform technologies in different business areas, the development of communication chips and solutions business, chip layout design services and other technical services, of which, communication chips and solutions business specifically include access network communication field, power line carrier communication field applications.
At present, Chuangyao Technology mainly serves well-known chip design companies in China, and supports the successful delivery of dozens of small-area, low-power, high-transmission and high-reliability chips every year, which has been highly praised by customers. At present, the company is the most important supplier of chip layout design services for well-known chip design companies in China, accounting for about 60% of its procurement.
Chuangyao Technology stressed that in the field of local-end chips, chip shipments are less than terminal chips, about 20 million lines per year, mainly VDSL and G.fast new network demand, the main shippers are Broadcom, Realtek, MediaTek are no local-end chip products, although the company developed and designed an 8-port local-end chip in the early days, but the shipment is small, and has not been sold in recent years. The company is currently researching and developing a 16-port local terminal chip that supports the VDSL235b technical standard, and has completed the tape-out and is about to enter the mass production stage, and will be expected to achieve a breakthrough through industrialization in the future and further enhance the company's industry influence.
(Proofreading/Andy)