Jiwei Network news, on the evening of April 27, Guoke Micro released its 2021 annual report, saying that the annual total operating income was 2321.8972 million yuan, an increase of 217.66% year-on-year; the net profit attributable to the mother was 293.0780 million yuan, an increase of 313.63% over the previous year. The substantial increase in operating income during the reporting period was mainly due to the substantial increase in the company's video coding series chip products and video decoding series products during the reporting period compared with the same period last year. Specifically, the operation of various aspects of the company is as follows:
1. The sales revenue of solid-state storage series chips and products was RMB1,092.8203 million, an increase of 131.14% over the same period of the previous year, accounting for 47.06% of the company's annual operating income. Solid-state memory chips and products are the company's key products, the company has also invested a lot of research and development resources in this regard.
The SSD controller chip developed by the company belongs to the category of microprocessors and logic integrated circuits, mainly used for back-end control of 3DNAND storage particles, and the front-end meets the interface specification requirements of SATA and other types. SSD controller chips are mainly used in SSDs, including enterprise-class server HARD disks, desktop hard drives, notebook hard drives, etc. During the reporting period, the company continued to expand its leading technical advantages in solid-state storage controller chips, vigorously developed domestic fully independent solid-state drives, and launched its own brand of "solid-state drives, Designed in China", including Emei, Imagination, Longteng, Qi, Tianji and other series, all of which have gained a firm foothold in the market. At the same time, the company actively promotes the research and development of solid-state memory controller chips, equipped with domestic independent embedded CPUs, fully independently developed GK2302 main control chips and solid-state drives based on the main control chip won the "2021 Top Ten Flash Controller Enterprise Gold Award" and "2021 Top Ten Solid-State Drive Enterprise Gold Award" at the 2021 Global Flash Memory Summit.
Following the successful mass production of GK2302 and becoming the main chip in the market, another GK2302 upgrade chip equipped with a domestic independent embedded CPU GK2302V200 main control chip has been successfully mass-produced, and the SSD based on this chip has also successfully entered the relevant industry market. The company's storage business has successfully achieved the full blossoming of the dual service engine of "solid state drive + controller chip". In order to maintain the company's leading position in the domestic solid-state storage controller chip and platter market, a new generation of solid-state storage enterprise-level controller chips and their corresponding solid-state drives are actively under development and are expected to be introduced to the market in 2022.
2. During the reporting period, the video coding series chip products achieved sales revenue of 1,045,997,700 yuan, an increase of 741.79% over the same period of the previous year, accounting for 45.05% of the company's annual operating income. The company's video coding chips mainly include GK71 series, GK72, GK76 series, which are low-power, low-bitrate, high-quality, and high-integration SoC chips developed for high-definition network camera product applications, covering H.264 and H.265 coding standards.
During the reporting period, the company launched a new generation of H.264/H.265 video capture chip products, including GK72 series, GK76 series of multiple chips, can cover 2M/3M/4M/5M/4K and other different resolutions, compared with the previous generation of products in the process, CPU processing capacity, ISP, coding capabilities, image analysis capabilities and other aspects of a significant improvement, can meet the consumer and industry level of different customers of the differentiated needs; the current company's new products have achieved large-scale mass production on the customer side, and maintain stable supply.
During the reporting period, in order to meet the new needs of the industry's digital upgrading and build a competitive advantage in product series, the company continued to invest in the research and development of next-generation video codec chips to maintain product iteration and competitiveness.
3. During the reporting period, the video decoding series chip products achieved sales revenue of 136.2076 million yuan, an increase of 631.46% over the same period of the previous year, accounting for 5.87% of the company's annual operating income. The company's video decoding series chip products mainly include GK62 series, GK63 series, GK65 series, GK67 series and GK68 series, which correspond to high-definition set-top box chips, ultra-high-definition 4K set-top box chips, ultra-high-definition 8K set-top box chips, TV/commercial display chips and AR/VR processing chips, the products have high integration, low power consumption and other characteristics, support TVOS, national secret, AVS and other domestic technical standards, can be widely used in satellite set-top boxes, wired set-top boxes, IpTV set-top boxes, OTT set-top boxes, TV and commercial display and AR/VR markets.
The company has launched GK63 series of iterative products for the broadcasting and television operator market and the IPTV operator market, which have been mass-produced at present. In the field of radio and television operators, new products have been imported and shipped by more than 60% of cable network companies in the country, further enhancing the competitiveness of the company's 4K products in the field of cable TV.
In the field of IPTV, new products have been introduced on the operator side and batch shipments have been realized. In the stable shipment of the fourth generation of national standard live satellite HIGH-definition three-in-one (demodulation, decoding, positioning) chips, the upcoming live star 4K chip will further expand the live star set-top box market to meet the individual needs of rural users.
During the reporting period, the company launched an 8K ultra-high definition decoding chip, which was commercially used in the market and successfully served the 2022 Beijing Winter Olympics.
During the reporting period, the company actively laid out new business areas, launched GK67 series chips for new business areas such as TV/business display and GK68 series chips launched for the AR/VR market, and customers are currently in the process of introduction.
4. During the reporting period, the revenue from integrated circuit research and development, design and service was 45.766 million yuan, a decrease of 60.13% over the same period of the previous year, accounting for 1.97% of the company's annual operating income.
5. During the reporting period, the sales revenue of the Internet of Things series chip products was RMB1.1055 million, an increase of 130.59% over the same period of the previous year, accounting for 0.05% of the company's annual operating income. As the company's new generation of related products is still in the research and development stage, the company's Internet of Things chips sold in the original market segment are not obvious competitive advantages, resulting in small sales in this period. With the listing of the company's new generation of products, the operating income of the company's Internet of Things series chip products is expected to increase. The company's Internet of Things series chips mainly include GK95 series and GK97 series, GK95 products have high integration, low power consumption, high sensitivity and other characteristics, mainly used in the field of navigation and positioning. GK97 is mainly aimed at the high-precision positioning and navigation, high-precision timing market. It is applied to transportation, public safety, disaster relief and mitigation, agriculture, forestry, animal husbandry and fishery, urban governance and other industries, integrated into infrastructure such as electricity, finance, and communications, and widely enters the fields of mass consumption, sharing economy and people's livelihood. Application scenarios include 4G/5G communication base station timing, tower monitoring, antenna parameters, vehicle networking, surveying and mapping, safety monitoring, precision agriculture, etc., which can provide leading high-precision Beidou positioning and timing solutions for various application scenarios.
During the reporting period, the company's new generation of high-precision, high-performance, high-integration multi-frequency multi-mode RF baseband integrated satellite navigation and positioning chip GK97 series using 22nm process has been sold.
In the evening, Guoke Micro simultaneously released the financial report for the first quarter of 2022, showing that the quarterly revenue was 509 million yuan, an increase of 23.58% year-on-year; the net profit attributable to the shareholders of the listed company was a loss of 22.864 million yuan; and the net profit attributable to the shareholders of the listed company after deducting non-recurring gains and losses was a loss of 28.1054 million yuan.
The report disclosed that the quarterly sales expenses, management expenses, research and development expenses, financial expenses, etc. increased significantly year-on-year, resulting in a decline in net profit in the reporting period, such as research and development expenses increased by 114.33% year-on-year to 110 million yuan.
(Proofreader/James)