On May 7, Yacheng micro (430552) recently released its 2020 annual report. During the reporting period, the company achieved an operating revenue of 136473275.44 yuan, a year-on-year increase of 31.05%; The net profit attributable to the shareholders of the listed company was 14463834.23 yuan, up 85.09% year on year.
During the reporting period, the net cash flow from operating activities was -54391369.82 yuan, and by the end of 2020, the net assets belonging to the shareholders of the listed company was 152521145.89 yuan.
During the reporting period, the company actively expanded in 5g communication equipment, smart phone fast charging, high-end equipment, automotive electronics and other fields, and cooperated with key customers in product research and development, which made effective progress and promoted the growth of the company’s operating revenue and profit.
During the reporting period, the increase in financial expenses was mainly due to the increase of Huaxia Bank’s long-term loan of 4.1 million yuan. During the period, the investment income was -1741278.84 yuan, compared with -143322.15 yuan in the same period of last year.
According to digbei.com, ACEM focuses on high-end analog IC Design of high-speed power integration technology, and its main products include providing key core chip et-pa for 5g communication equipment; High power density DC-DC power chip for IOT terminals and wearable devices; Smart phone fast charging uses AC-DC chip and LED lighting driver chip.