According to the Securities Times, in response to similar statements on the Internet such as "Shilan micro-explosion! Big loss, reason: buy chip stocks", Shilan Wei (600460.SH) Dong Mi Chen Yue posted in the e company capital circle, If the company buys and sells securities in the secondary market, it is generally reported as a trading financial asset, not as other non-current financial assets.

Image source: Securities Times

Chen Yue said that other non-financial assets held on the company's books are equity assets acquired by the company's long-term equity investment. As the invested enterprise corresponding to the asset is listed, the company uses the active market price (secondary market share price) to determine its fair value at the end of the reporting period in accordance with relevant regulations. This is the case with the shares of Anlu Technology and Yu Energy Technology held by the company at the end of the period. the company's original investment cost for Anlu Technology and Yuneng Technology totaled 20 million yuan.

as of the close of a shares, shilanwei rose 4.08 to 19.65 yuan per share, with a total market value of 32.7 billion yuan.

On the evening of April 8, Shilanwei released its 2023 annual report. In 2023, the company's revenue was about 9.34 billion yuan, up 12.77 percent year-on-year; its net profit was about -35.79 million yuan, down 103.4 percent year-on-year; and its net profit was about 58.9 million yuan, down 90.67 percent year-on-year.

It is worth noting that this is also the first time that 's net profit attributable to shareholders of a listed company has recorded a loss since Shilanwei went public in 2003.

As for the main reasons for the company's net profit loss, Shilanwei summarized five points in the financial report, the biggest source of loss was due to the sharp drop in the shares of the other two companies. financial report shows that among other non-current financial assets held by Shilanwei, the stock prices of Yuneng Technology (688348.SH) and Anlu Technology (688107.SH) fell, resulting in net income after tax of -0.45 billion yuan from changes in their fair value.

From the beginning of the 2023 semi-annual report, Shilanwei began to continue to disclose the impact of the decline in the stock prices of Yu Neng Technology and Anlu Technology on the company's performance. In the first half of last year, the stock prices of the two companies fell, resulting in a loss of 0.225 billion yuan in net income after tax.

As of today's close, the stock prices of Yuneng Technology and Anlu Technology were 77.13 yuan/share and 24.2 yuan/share respectively, and the stock prices have fallen by more than 200 in one year.

from the perspective of operation, the operating income of Shilanwei's integrated circuit business in 2023 was 3.129 billion yuan, up 14.88 from the previous year. The operating income of IPM module reached 1.983 billion yuan, up 37% from the same period last year. The main reason for the increase in the company's integrated circuit operating income is: the company's IPM module, DC-DC circuit, LED and low-voltage motor drive circuit, 32-bit MCU circuit, fast charging circuit and other products significantly accelerated shipments.

Public information shows that Yuneng Technology is a photovoltaic inverter company located in Jiaxing, Zhejiang. Hangzhou Shilan Microelectronics Co., Ltd. holds 1.1831 million shares, and the company's controlling shareholder Hangzhou Shilan Holdings Co., Ltd. holds 1.507 million shares. The top ten tradable shareholders of Yuneng Technology. Anlu Technology is an FPGA/FPSoC chip company based in Shanghai.

in response to the situation of the above two companies, on April 9, the first financial reporter called shilanwei as an investor. the staff of the company's board of directors told the reporter that the company is the sponsor shareholder of yuneng technology and anlu technology, and currently has business contacts with the above two companies. "Yuneng Technology is our customer, Anlu Technology is an FPGA, (business cooperation) will be a little, but not much." The above-mentioned staff said.

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Source: Daily Economic News Photo by Liu Guomei