Pran semiconductor (Shanghai) Co., Ltd., a memory chip supplier, released a report for the first quarter of 2022. The report shows that Pran semiconductor’s operating revenue in the first quarter of 2022 was 224million yuan, a year-on-year decrease of 4.19%, the net profit attributable to shareholders of listed companies was 41.51 million yuan, a year-on-year increase of 8.07%, and the total assets were 2.066 billion yuan. The details are as follows.

Key financial data

(1) Main accounting data and financial indicators

1. During the reporting period, the company achieved an operating income of 224million yuan, a decrease of 4.91% over the same period of the previous year, mainly due to the existence of Spring Festival holidays in the first quarter, which is a traditional off-season and weak demand; In addition, affected by the epidemic, the logistics capacity in some regions was limited, and the company’s shipment volume in the first quarter decreased slightly compared with the same period of last year.

2. During the reporting period, the company realized a net profit attributable to the shareholders of the listed company of 42million yuan, an increase of 8.07% over the same period of the previous year; The net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses was 39million yuan, an increase of 0.73% over the same period of the previous year. It is mainly the increase in gross profit brought about by the increase in gross profit margin, which makes up for the increase in expenses brought about by the increase in personnel and R & D investment.

3. During the reporting period, the company’s gross profit margin was 33.42%, an increase of 5.61% over the same period of last year, mainly due to:

1) The company continued to adjust the product structure and downstream application structure, and the average unit price of the company’s products increased year on year;

2) The proportion of NOR flash shipments under the 40nm process node of the company’s SONOS process platform has increased, with a better gross profit level than that under the same capacity of the 55nm process node.

(2) Non recurring profit and loss items and amounts

(3) Changes and reasons of major accounting data and financial indicators

Shareholder Information

(1) Total number of ordinary shareholders, number of preferred shareholders whose voting rights have been restored and shareholding of top ten shareholders

Other reminders

Other important information about the company’s operation in the reporting period that needs to be reminded of investors’ attention

1. On October 27, 2021, the company granted 280000 class II restricted shares to 112 incentive objects for the first time. The impact of the share payment on the net profit attributable to the shareholders of the listed company during the reporting period was RMB 5423242.50, and the net profit attributable to the shareholders of the listed company excluding the impact of the share payment was RMB 46941043.92, an increase of 22.19% year-on-year.

2. From March 18, 2022, the office location of the company’s headquarters: room 504, No. 560, shengxia Road, Pudong New Area, Shanghai, will be closed according to the notice of relevant departments. The specific recovery time will be adjusted and arranged according to the epidemic control requirements of the local government. In addition to the Shanghai office, the company has branches and offices in Shenzhen and Suzhou, and the employees in Shenzhen and Suzhou still commute normally.

At present, the company maintains normal production and operation, and Shanghai employees work at home. The company’s performance in the first quarter was affected to a certain extent due to the impact of the closure and control of the epidemic situation and the limited logistics capacity. In other aspects, as the company is an integrated circuit design enterprise, under the operation mode of fabless, the new product R & D projects are normally carried out and the sales orders are normally received. The company has applied for and submitted the second batch of white list for resumption of work and production in Shanghai, and the process is under approval. The company will strive to minimize the impact of the epidemic on the company on the premise of strictly complying with the epidemic prevention and control requirements.

Quarterly financial statements

Balance sheet

March 31, 2022

Prepared by: Pran semiconductor (Shanghai) Co., Ltd

Person in charge of the company: Wang Nan person in charge of Accounting: Qian Jiamei person in charge of accounting organization: Shenyi

Income statement

January March 2022

Prepared by: Pran semiconductor (Shanghai) Co., Ltd

Cash flow statement

January March 2022

Prepared by: Pran semiconductor (Shanghai) Co., Ltd

Person in charge of the company: Wang Nan person in charge of Accounting: Qian Jiamei person in charge of accounting organization: Shenyi

Source: puran semiconductor official website

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