Brief Introduction

ThinkonSemi was originally established in July 2013 in the city of Jinzhou in Liaoning Province, China. Following the structural reform in 2018, the company was renamed to its current full name ---- Thinkon Semiconductor Jinzhou Corp. On February 21st 2020, the company was officially listed on the STAR Market of Shanghai Stock Exchange.

The company is specialized in manufacturing monocrystalline silicon for IC etching process. It is capable of mass producing extra-large-diameter semiconductor-grade silicon crystals up to φ475mm (19 inches) at a high yield rate and with a wide range of resistivity including 70-80Ωcm, 1-4Ωcm, and <0.02Ωcm, which can meet users' needs for products of various resistivity. In addition to manufacturing silicon ingots, ThinkonSemi can process silicon ingots further and offer products such as silicon cylinders, silicon plates, and silicon rings etc.

Thinkon Semiconductor has years of accumulation on technology R&D. Yet, it continuously pursues excellence in products and keeps scaling new heights. So far, the company has achieved numerous key technological breakthroughs. Their technologies and know-hows on large-diameter monocrystalline silicon manufacturing without magnetic field, solid-liquid coexistence interface controlling, thermal field optimization etc. are all of internationally advanced level.

With excellent product quality and after-sale service, ThinkonSemi has established a sterling reputation in this field. The company has not only successfully made its entrance into the international semiconductor material industry chain, but also made its rank among the top players.

At present, most of ThinkonSemi's products are exported to the mainstream clients in Japan, South Korea, and the United States. However, with the growth of semiconductor integrated circuit industry in China, ThinkonSemi is also working on extending their service to the rising domestic market, as while as continuously satisfying the existing international customers. Together with the clients, ThinkonSemi is looking forward to growing further and stronger and endeavors to become a leader in the semiconductor materials industry in China as well as in the world.

Company Overview

Full name Thinkon Semiconductor Jinzhou Corp.
Abbreviations Thinkon Semi
Code 688233
Founded 07/24/2013
Listing 02/21/2020
Domicile Jinzhou
Website www.thinkon-cn.com/en/
Email info@thinkon-cn.com
STAR Theme New Materials
CSRCSector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2019 2018 2017
Earnings Per Share 0.64 0.90 -
R&D expenditure as a % of operating revenue 5.25% 3.86% 4.11%
Operating Revenue 188.59 282.54 126.42
Net Income 76.95 106.58 45.85

Income Statement (Unit: RMB mn)

  2019 2018 2017
Operating Revenue 188.59 282.54 126.42
Cost of goods sold 58.48 102.37 56.74
Selling expenses 2.92 2.89 1.50
Generaland administrative expenses 26.55 46.53 9.32
Financial expenses -1.38 -2.25 0.42
Research and development expenses 9.89 10.91 5.19
Operating Income 91.07 124.64 53.56
Pretax Income 89.93 124.23 53.41
Income Tax 12.98 17.65 7.56
Net Income 76.95 106.58 45.85

Balance Sheet(Unit: RMB mn)

  2019 2018 2017
Assets
Current Assets-Total 193.11 186.06 116.02
Non-current Assets-Total 191.54 174.91 59.50
Total Assets 384.65 360.97 175.52
Liabilities
Current Liabilities-Total 12.59 17.71 15.82
Non-current Liabilities-Total 11.36 8.90 1.17
Total Liabilities 23.94 26.61 16.99
Stockholder's Equity
Share Capital 249.80 249.80 97.85
Retained Profits 110.91 84.55 60.68
Total Owners' Equity 360.70 334.35 158.53

Cash Flow Statement (Unit: RMB mn)

  2019 2018 2017
Net Cash Flows-Operating 112.87 114.23 31.99
Net Cash Flows-Investing 0.33 -127.37 -29.60
Net Cash Flows-Financing -50.49 33.20 20.10

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
ASIA LAMP INDUSTRY(HK)LTD 37.00 30.84%
THINKON SEMICONDUCTOR TECHNOLOGY SHANGHAI CORPORATION 35.55 29.63%
Venture Capital Fund for Conversion of Scientific and Technological Achievements in Civil-Military Integration of Beijing CASIC (Limited Partnership) 35.14 29.28%
626 INVESTMENTS HOLDINGS LIMITED 5.34 4.45%
宁波梅山保税港区晶励投资管理合伙企业(有限合伙) 2.87 2.39%
宁波梅山保税港区航睿飏灏融创投资管理合伙企业(有限合伙) 1.86 1.55%
宁波梅山保税港区旭捷投资管理合伙企业(有限合伙) 1.21 1.01%
宁波梅山保税港区晶垚投资管理合伙企业(有限合伙) 1.01 0.84%
31 Dec 2019

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