Hi-Tech Development (000628.SZ) announced its 2023 annual results, with net profit of 366 million yuan, an increase of 83.82%, and plans to distribute 10 to 1.52 yuan

Zhitong Finance App News, Hi-Tech Development (000628.SZ) released its 2023 annual report. During the reporting period, the company achieved revenue of 8.0 billion yuan, an increase of 21.88% over the previous year. Net profit attributable to shareholders of listed companies was 366 million yuan, an increase of 83.82% over the previous year. Achieved net profit attributable to shareholders of listed companies after deducting non-recurring profit and loss of 202 million yuan, an increase of 50.88% over the previous year. Basic earnings per share were $1.039. It is proposed to distribute a cash dividend of 1.52 yuan (tax included) for every 10 shares to all shareholders.

In terms of the power semiconductor business, during the reporting period, the power semiconductor business group was built with Senwei Technology and Xinwei Semiconductor as the main players, and the Power Semiconductor Research Institute was established to strengthen R&D collaboration and develop the company's power semiconductor business. Among them, the first phase of the project was positioned as a high-end power semiconductor foundry manufacturing platform. Currently, the first phase of the project has been put into operation, but the revenue contribution is low (2,7284,000 yuan); the Power Semiconductor Research Institute is also in the initial establishment stage, with no economic contribution. Senwei Technology achieved revenue of 160 million yuan for the full year of 2023, an increase of 56.85% compared with the same period last year. The share of power semiconductors in the company's revenue increased from 0.94% in 2022 to 1.84%, achieving significant growth in business scale while the industry as a whole is in a downward cycle.

During the reporting period, Senwei Technology signed new sales orders of 230 million yuan, an increase of 33% over the same period last year. Among them, in the industrial control sector, the industrial control market share was steadily consolidated, and sales revenue of 97.5286 million yuan was achieved in the field of industrial frequency conversion and power supplies, an increase of 117% over the same period last year; in the field of new energy, it actively expanded the new energy market, especially in the field of new energy power generation and NEV product applications. Related products have entered the supply system of benchmark customers in the NEV industry and achieved small-batch delivery during the reporting period. 14% increase