From 65438 to 2002, Quanzhi Technology (300458. SZ) has achieved rapid development from its establishment to its leading position in the industry.
On September 19, 2007, 29 natural persons, including Zhang Jianhui, Ding Ran and Gong Hui, invested to establish Quanzhi Technology. Eight years later, on May 5, 20 15, Quanzhi Technology successfully broke through the IPO and landed on the Growth Enterprise Market, becoming a listed chip company.
Quanzhi Technology official website said that the company is a leading manufacturer of intelligent application processor SoC, high-performance analog devices and wireless interconnection chips, and has set up R&D centers or branches in Shenzhen, Hong Kong, Xi and Beijing.
Like most chip design companies, Quanzhi Technology is committed to research and development. As early as the end of 20 13, the company had 425 R&D personnel, accounting for more than 70% of the total number of employees. More than 70% employees are engaged in research and development, and this situation has been maintained to this day.
Relying on the support of R&D to form the core competitiveness, the operating performance of Quanzhi Technology is generally stable. In 20 19, the company's profit was 65438+35 million yuan, up 13.97% year-on-year.
There is basically no financial pressure on Quanzhi Technology. 20 15 until the end of September last year, the company's asset-liability ratio has been lower than 15%. By the end of last year, the company's liabilities were only 0.7 1 100 million yuan, while monetary funds reached10.70 billion yuan.
Invested 654.38+0.28 billion R&D in four years.
Relying on science and technology to lead enterprises to settle down, Quanzhi Technology is such an enterprise.
According to reports, at present, the main business of Quanzhi Technology is the research and development and design of intelligent application processor SoC, high-performance analog devices and wireless interconnection chips. The company's main products are intelligent application processor SoC, high-performance analog devices and wireless interconnection chips. Products are widely used in intelligent hardware, tablet computers, smart home appliances, car networking, robots, virtual reality, network set-top boxes, power supply analog devices, wireless communication modules, intelligent Internet of Things and other product fields. The business model of Quanzhi Technology is that the company is responsible for the design of integrated circuits, and the manufacturing, packaging and testing of integrated circuits are all outsourced. The company purchases wafers from wafer foundries and packaging and testing services from integrated circuit packaging and testing enterprises. After the chips passed the test are handed over to the company, the company sells the chip products to solution providers and machine manufacturers. The solution provider buys the finished chip and sells it to the whole machine manufacturer after secondary development. Machine manufacturers can produce all kinds of terminal electronic products.
It can be seen that Quanzhi Technology is a typical integrated circuit design enterprise. Based on this, most employees of the company are R&D personnel.
According to the prospectus, at the end of 20 13, there were 425 R&D personnel of Quanzhi Technology, which increased to 462 at the end of 20 14, accounting for more than 70% of the total employees. By the end of 20 19, the company had 458 R&D personnel, accounting for 74.47% of the total employees in the current period. At the end of 20 16, its R&D staff once reached 800, accounting for 76.78%. According to the company, attaching importance to the inheritance of technical experience has formed a benign development trend of echelon structure.
Quanzhi Technology has invested a lot of money in research and development. From 20 12 to 20 14, the company's investment in R&D was1060,000 yuan,1870,000 yuan and 2170,000 yuan respectively, accounting for 7.88% and170,000 yuan of the current main business income. From 20 16 to 20 19 years after listing, its R&D investment was 330 million yuan, 342 million yuan, 3120,000 yuan and 295 million yuan respectively, accounting for 26.34%, 28.49%, 22.88% and 2005 million yuan of the current operating income. Although its R&D investment declined slightly in 20 18 and 20 19, it still accounted for more than 20% of the operating income.
It is worth mentioning that in 20 17, the net profit realized by Quanzhi Technology (net profit attributable to shareholders of listed companies) was only 0.10.7 billion yuan, down 88.35% year-on-year; The net profit after deducting non-recurring gains and losses is-29 million yuan, but this year the company's R&D investment is the largest in history.
Quanzhi technology is committed to research and development and has gained strong market competitiveness. In the financial report, the company said that it has advantages in R&D and the market. Through diversified product layout, the company expands its business in multiple application markets with the mode of big video +AI empowerment, and establishes strategic cooperation with many industry benchmark customers, combining with the support of intelligent technology service platform to provide customers with high-quality and low-cost smart chips and solutions.
Operating cash flow increased by more than 6 times.
With the help of technological advantages to win the market, the management of Quanzhi Technology is getting better and better.
The annual report shows that in 20 19, Quanzhi Technology achieved operating income of1463 million yuan, up by 7.23% year-on-year; The net profit attributable to shareholders of listed companies (referred to as net profit for short) is 65438+35 million yuan, an increase of18180,000 yuan 13.97%. The company explained that actively expanding the business in the field of smart hardware and smart cars has promoted the steady growth of operating income and net profit.
Quanzhi technology 20 15 went public. In 20 17, the operating performance declined, while in other years, it increased normally. During the period from 20 15 to 20 18, the company realized operating income of12.09 million yuan,12.52 million yuan and12013.65 million yuan respectively, with a year-on-year change range of -262. The net profit for the same period was 65.438+0.28 billion yuan, 65.438+0.49 billion yuan, 0.654.38+0.70 billion yuan, 654.38+0.654.38+0.80 billion yuan respectively, with year-on-year changes of 65.438+0.5.99% and 654.39%.
Judging from the financial data, Quanzhi Technology's finance is relatively healthy, and there is basically no pressure. Since listing, the asset-liability ratio of Quanzhi Technology has been lower than 15%. By the end of last year, its asset-liability ratio was 14.34%, and at the end of the first quarter of this year it was 12.85438+0%.
It depends on the financial situation. By the end of last year, the interest-bearing liabilities of Quanzhi Technology were only short-term loans of 0.7/kloc-0.7 billion yuan, while the monetary funds reached/kloc-0.7 billion yuan, with more idle funds.
In the same period, the notes receivable and accounts receivable of Quanzhi Technology were only 48 million yuan, the same as last year. Its inventory was 4,654,380,200 yuan, a decrease from 448 million yuan in the same period of last year. The corresponding notes payable and accounts payable were 654.38+0.57 billion yuan, a slight increase over the previous year's 654.38+0.35 billion yuan.
Good financial position is not only related to the successful fundraising of Quanzhi Technology, but also related to its relatively stable operating cash flow. In 20 19, the company's net operating cash flow was 365 million yuan, up 622.80% year-on-year.