Brief Introduction

Subordinate to China Resources Group, China Resources Microelectronics Limited is the high-tech enterprise dealing with investment, development, operation and management of microelectronics business. After thirty-eight years’ development and a series of integration, the company has become the comprehensive semiconductor enterprise having important influence in China. Since 2004, it has been continuously rated as top 100 Chinese electronic information enterprises by Ministry of Industry and Information Technology. Based on the statistical data of China Semiconductor Industry Association, the company is the only semiconductor enterprise mainly operating the business in IDM mode in top 10 Chinese semiconductor enterprises in 2018 if it was ranked in terms of sales revenue.

The company is Chinese leading semiconductor enterprise capable of operating the integration of the whole industrial chains such as IC design, photomask, wafer manufacturing, packaging and test. Now, the main business of the company includes products & solutions, manufacture & service, which is mainly oriented to the fields of power semiconductor and intelligent sensor. The company has possessed stronger ability in the product technology and manufacturing process. In the meantime, it has formed advanced special processes and serialized product lines.

In future, the company will take its own advantages to improve the core technology and combine the internal and external resources to gradually promote the enterprise development and try to be the world-leading supplier of power semiconductor and intelligent sensor products and solutions .

Company Overview

Full name China Resources Microelectronics Limited
Abbreviations CRM
Code 688396.SH
Founded January 28, 2003
Listing February 27, 2020
Domicile Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands.
Website www.crmicro.com
Email crmic_hq_ir_zy@crmicro.com
STAR Theme New Generation IT
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2018 2017 2016
Earnings Per Share 0.49 0.08 -0.34
R&D expenditure as a % of operating revenue 7.17% 7.61% 7.86%
Operating Revenue 6,270.80 5,875.59 4,396.76
Net Income 537.56 -102.69 -302.25

Income Statement (Unit: RMB mn)

  2018 2017 2016
Operating Revenue 6,270.80 5,875.59 4,396.76
Operating Costs 5,724.56 5,863.93 4,546.36
Operating Income 585.61 -45.89 -368.70
Pretax Income 590.58 -58.53 -283.53
Income Tax 53.02 44.16 18.72
Net Income 537.56 -102.69 -302.25

Balance Sheet(Unit: RMB mn)

  2018 2017 2016
Assets
Current Assets-Total 5,106.31 4,597.98 3,055.44
Non-current Assets-Total 4,885.74 5,148.76 4,440.74
Total Assets 9,992.05 9,746.74 7,496.18
Liabilities
Current Liabilities-Total 4,653.87 2,409.23 1,560.00
Non-current Liabilities-Total 318.39 2,866.99 3,205.60
Total Liabilities 4,972.26 5,276.22 4,765.60
Stockholder's Equity
Share Capital 6,850.54 6,851.83 5,926.50
Retained Profits -2,702.36 -3,019.51 -3,208.95
Minority interests 871.61 638.20 13.03
Total Owners' Equity 5,019.79 4,470.52 2,730.58

Cash Flow Statement (Unit: RMB mn)

  2018 2017 2016
Net Cash Flows-Operating 1,482.44 1,667.46 1,103.42
Net Cash Flows-Investing -575.17 -605.22 -629.47
Net Cash Flows-Financing -626.65 -267.27 -424.51

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
China Resources (Microelectronics) Limited 878.98 75%
National Integrated Circuit Industry Investment Fund Co., Ltd. 78.13 6.67%
China CICC Wealth Management Securities Company Limited 7.81 0.67%
China Reform Investment Co., Ltd 1.96 0.17%
Enterprise annuity plan of China Petrochemical Corporation (Sinopec Group) --- Industrial and Commercial Bank Of China Limited 0.82 0.07%
Enterprise annuity plan of China National Petroleum Corporation--- Industrial and Commercial Bank of China Limited 0.82 0.07%
Enterprise annuity plan of Industrial and Commercial Bank of China Limited --- China Construction Bank Corporation 0.74 0.06%
Enterprise annuity plan of China Mobile Communications Group Co., Ltd --- Industrial and Commercial Bank of China Limited 0.71 0.06%
Enterprise annuity plan of China Construction Bank Corporation --- Industrial and Commercial Bank of China Limited 0.68 0.06%
Enterprise annuity plan of Agricultural Bank of China Limited--- Bank of China Limited 0.66 0.06%
26 Feb 2020

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