Xidiwei s performance in 2023 will decline, and the loss will expand to 53.05 million yuan, and Tao

Mondo Cars Updated on 2024-02-27

Producer: Bullet Finance.

On February 26, it was reported that Xidi Microelectronics Group Co., Ltd. released the 2023 performance express announcement on February 25 this year.

According to the announcement, Xidiwei will have a decline in revenue and net profit performance in 2023. Its total revenue in 2023 is 397.8 billion yuan, compared with 559.5 billion yuan, down 289%。

Operating profit was -226.4 billion yuan, compared with -2 in the same period last year01.6 billion yuan. Net profit attributable to owners of the parent company was -5305330,000 yuan, compared with -1515 in the same period last year250,000 yuan, the loss expanded by 250% year-on-year. Non-net profit was -189.8 billion yuan, -2761 in the same period last year30,000 yuan.

During the Reporting Period, the total shipment value of all product lines of Xidiwei was RMB627.7 billion yuan, an increase of 12 over the same period last year19%, of which the company's new product line voice coil motor driver chip shipment amount during the reporting period was 252.5 billion yuan, is one of the main growth points of the company's shipments.

At the end of 2023, the company's total assets were RMB2009.5 billion yuan, an increase of 323%;Owners' equity attributable to the parent company is RMB1836.8 billion yuan, an increase of 2 from the beginning of the reporting period39%, net assets per share attributable to owners of the parent company of RMB447 yuan, an increase of 09%。

As for the reasons affecting the company's performance, Xidi Micro analyzed that the consumer electronics market represented by smartphones and PCs will continue to be sluggish in 2023, and the demand for consumer electronics products will continue to decline, resulting in a significant slowdown in the company's business growth; Affected by market conditions, the competition in the analog chip market has become fierce, and the selling prices of some products have fallen, which has led to a decline in the company's gross profit during the reporting period.

At the same time, the company has increased its spending on R&D, management, and sales. It has increased R&D investment in vehicle specification and other projects, actively expanded high-end talents focusing on R&D, and the scale of R&D personnel continued to expand, and the corresponding employee salary expenditure and other R&D investment continued to increase year-on-year. In addition, the management and sales expenses of Xidiwei have also increased; Due to the increase in the company's inventory level, the company increased the provision for inventory decline from a prudent perspective this year.

The company is one of the leading manufacturers of power management and signal chain chips in China, the company's main products represented by DC DC chips, super fast charging chips, etc., and at the same time added a new voice coil motor driver chip product line.

In the field of consumer electronics such as mobile phones, the company's products have been recognized by Qualcomm, MediaTek and other main chip platform manufacturers, and have been widely used in consumer electronic devices of Samsung, Xiaomi, Honor, OPPO, vivo, Transsion, TCL, Google, Logitech and other brand customers, covering a variety of mobile intelligent terminal devices including mid-to-high-end flagship models.

In the field of automotive chips, Xidiwei began to officially ship truck-grade DC DC chips to South Korea's Hyundai and Kia models through Yuratech in 2018, and then officially supplied them to Audi in Germany in 2021.

Founded in September 2012 and chaired by Tao Hai, the company went public on January 21, 2022 at an issue price of 3357 yuan.

As of February 26, the company's share price was $1181 yuan shares, corresponding to the total market value of the company is 483.9 billion yuan.

In addition, according to the recent announcement of Xidiwei, the company holds 741% of the major shareholder Ningbo Meishan Bonded Port Zone Hongjing Equity Investment Partnership (Limited Partnership) from August 22, 2023 to February 21, 2024 through centralized bidding transactions and block transactions**155%, and the current shareholding ratio is 586%。

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