New orders continue to grow, Zhichun Technology's (PNC Systems) revenue in 2022 will increase by 46.32% year-on-year
Jiweiwang news, on April 7, Zhichun Technology announced its 2022 annual report, the company's operating income was 3.05 billion yuan, a year-on-year increase of 46.32%, and the net profit attributable to shareholders of listed companies was 282 million yuan, a year-on-year increase of 0.24%. The net profit of listed company shareholders after deducting non-recurring gains and losses is 285 million yuan, a year-on-year increase of 76.03%, and the basic earnings per share are 0.889 yuan per share. It is planned to distribute cash dividends of 1.324 yuan for every 10 shares, and 2 bonus shares for every 10 shares.
Zhichun Technology said that it will continue to work hard in accordance with the target of new orders set at the beginning of the year, and forge ahead in the process of domestic substitution. In 2022, the company's total new orders were 4.219 billion yuan, a year-on-year increase of 30.62%, of which new orders for semiconductor process equipment were 1.800 billion yuan, a year-on-year increase of 60.71%.
During the reporting period, in addition to wet cleaning equipment, furnace tubes, glue coating and developing equipment, etc., which are currently in great demand in the domestic market, were expanded. The system integration business has benefited from capital expenditures in the domestic market, and has grown steadily in recent years. At present, 80% of it serves the semiconductor field. The improvement of gross profit margin and the acceleration of cash return. During the stable operation period, the company provides customers with component materials and professional services, covering the supply of equipment components, bulk gas station services, component cleaning services, wafer regeneration services, and wafer factory on-site services. The company's core business closely revolves around providing fabs with products and services throughout the life cycle from pre-construction to stable operation.
Due to the disturbance of downstream customers due to the new round of restrictions in the United States in the second half of 2022, new orders for wet equipment are slightly lower than the company's expectations at the beginning of the year. Under the pressure of the external situation, customer procurement strategies are gradually adjusting.
System integration and materials and equipment business continued to develop. The company's wet cleaning equipment can completely cover the market demand in multiple segments of wafer manufacturing, including advanced process logic circuits, high-density storage, and compound semiconductor special processes. At present, the company's wet process equipment can meet all the needs of 28nm wet process, and there are orders for all process machines. Up to now, the cumulative order volume of high-end equipment in the core process segment is nearly 20 units. Relying on the core talent team with high professionalism and strong technical ability, the company took the lead in breaking through the research and development of wet processing equipment with 14nm and below process, further raised the industry barriers, and established the leading position of domestic professional wet processing equipment suppliers. There are also 4 orders for 14nm and below.
Zhichun Technology pointed out that the system integration business mainly supporting equipment has maintained continuous growth, and orders have reached a new high. The company has become the largest supplier of high-purity process system support equipment in China, and the current support equipment business volume is close to 40% of the total system integration business, effectively replacing and changing the supply pattern originally monopolized by foreign gas companies. The company's system integration and support equipment has a solid domestic leading position. The company's system integration and support equipment has been able to achieve ppb (parts per billion) level impurity control. The core technology is stronger than domestic competitors, and individual functions surpass international brands. The core customers are all first-line integrated circuit manufacturers in the industry, such as SMIC, Hua Hong, Huali, Yangtze River Storage, Hefei Changxin, Silan Micro, etc.
During the stable operation period, the company provides customers with component materials and professional services, covering the supply of equipment components, bulk gas station services, component cleaning services, wafer regeneration services, and wafer factory on-site services. Based on the number of existing wafer production lines in the domestic market, the first domestic complete component cleaning anode production line has been built in Hefei to provide cleaning and surface treatment of equipment internal components for wafer factories or equipment factories. In 2022, affected by the external environment, the verification progress will be slightly delayed. By the end of the reporting period, nearly ten customers have been verified and orders have been formed.
According to Zhichun Technology, at the beginning of 2022,
China's first fully localized 12-inch wafer advanced process bulk gas supply plant will be completed, and the indicators are fully up to standard. At present, the gas supply has been stable for more than a year, successfully breaking the previous three major international suppliers.
Based on the background that there are still some categories of semiconductor process equipment in China that rely on imports, the company follows the market demand, integrates existing talents and technologies, and develops and expands furnace tubes and glue-coating and developing equipment. There have been several orders for 8-inch furnace tube equipment, and 12-inch furnace tube equipment is being developed and manufactured, and will soon enter the customer verification stage. The 8-inch glue-coating and developing equipment has been delivered to customers for verification, and the 12-inch glue-coating and developing equipment is still in the stage of patent retrieval and technical evaluation.
