On April 3, China Resources Micro (688396) announced that Li Hong, director, president and core technical personnel, resigned from all positions in the company for personal reasons.

According to the announcement, Li Hong joined CR Micro in 2009 and served as the company's director and president before leaving. As of the disclosure date of the announcement, Li Hong held 53,134 shares of the company, and 26,566 shares of the second class of restricted shares of the 2021 restricted stock incentive plan that have been granted by the company but have not yet vested will be invalidated.

CR Micro said that Li Hong's departure will not have a significant adverse impact on the overall R&D strength, and the integrity of the core technology can be maintained. At the same time, it said that Li Hong's work handover has been completed, the structure of the R&D team is complete, and the reserve personnel are sufficient to ensure the continuous research and development of core technologies in the future.

As of the disclosure date of the announcement, the number of R&D personnel of CR Micro reached 1,737, and the proportion of R&D personnel in the total number of employees was 16.02%.

It is worth noting that since its listing, a number of core technical personnel of CR Micro have left.

According to public information, China Resources Microelectronics Co., Ltd. is a high-tech enterprise responsible for the investment, development and operation management of microelectronics business under China Resources Group, and has successively integrated Chinese semiconductor companies such as Huake Electronics, China Huajing, and Shanghua Technology. The company landed on the Science and Technology Innovation Board on February 27, 2020, becoming the first domestic red-chip stock.

In 2020, 2021, and 2022, the number of core technical personnel who left CR Micro will reach 3, 3, and 2 respectively.

Specifically, in 2020, Chen Nanxiang, Deng Xiaoshe, and He Boyong, core technical personnel of China Resources Micro, resigned one after another; In 2021, core technical personnel Yu Churong, Ji Jianxin, and Wang Guoping resigned; In 2022, core technical personnel Li Yongqiang and Liu Hongchao resigned from relevant positions and resigned.

According to the prospectus of China Resources Micro, the company had a total of 21 core technical personnel at that time. According to the announcement of China Resources Micro on April 3, in 2022, 2023, 2024 and as of the disclosure date of the announcement, the number of core technical personnel of the company is 13, 13, 13 and 12.

Judging from the above data, after Li Hong's resignation, the core technical personnel of CR Micro have been reduced by nearly half compared with the time of listing.

In terms of performance, the net profit of China Resources Micro has declined for two consecutive years.

According to the company's latest performance report, CR Micro will achieve a total operating income of 10.119 billion yuan in 2024, a year-on-year increase of 2.2%; The net profit attributable to the parent company was 776 million yuan, a year-on-year decrease of 47.55%. In 2023, CR Micro's net profit will decrease by 43.48% compared with the same period last year.

According to the performance report, the main factors affecting the operating performance during the reporting period are: although the downstream demand has picked up, due to the superposition effect of production capacity release and industry destocking, the product price competition is fierce, and the company continues to increase R&D investment, and major projects are in the stage of climbing up and construction period, which has a certain impact on the company's profit indicators.

In addition, CR Micro also released a record of investor relations activities a few days ago, mentioning the progress of the company's key projects.

It is understood that the 12-inch production line of CR Micro Chongqing has reached a planned production capacity of 30,000 pieces/month, and the rapid increase of MOSFET and other products has realized the introduction and supply guarantee of key customers; The 12-inch production line in Shenzhen has been put through and is in the stage of ramp-up, and the verification of new products and the transfer of new processes are being promoted simultaneously.

At the same time, the Chongqing packaging and testing base is in the stage of rapid ramp-up, covering power semiconductor product module packaging, wafer mid-channel production line, panel-level packaging, third-generation semiconductor packaging and other categories; The high-end mask project has completed the construction of the 90-40nm process technology platform, and the 90nm products have been mass-produced and delivered.

In the secondary market, as of the close of trading on April 3, China Resources fell slightly by 0.11% to 45.27 yuan per share, with a total market value of 60.10 billion yuan.

Source: Reading and Entrepreneurship