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SMEI released the "Quality return double improvement" action plan

03/01

2024

Recently, in order to implement the guiding ideology of "to activate the capital market and boost investor confidence" proposed by the Political Bureau of the CPC Central Committee and "to vigorously improve the quality and investment value of listed companies, and to take more effective measures to stabilize the market and stabilize confidence" proposed by the National Congress, Based on the confidence in the future development prospects and the recognition of the company's value, in order to solidly improve the company's quality and investment value, and continuously improve the company's core competitiveness, profitability and comprehensive risk management ability, with a view to achieving long-term development and rewarding the majority of investors, Beijing SI Microelectronics Co., LTD. (hereinafter referred to as the "Company") has formulated the "Quality Return double Improvement" action plan. Specific measures are as follows:

First, focus on the development of the main business, and build a well-known semiconductor manufacturing leader with international operations

The company's MEMS business directly participates in global competition and has outstanding competitive advantages. The company and its subsidiaries have accumulated MEMS business for more than 20 years, and have the world's advanced pure MEMS foundry technology and expanding foundry capacity. Silex Microsystems AB (hereinafter referred to as "Sweden Silex"), a wholly-owned subsidiary of the company, ranked first in the 2019-2022 Global MEMS pure Foundry ranking, and ranked 26th in the 2022 global MEMS manufacturer comprehensive ranking.

The company has been striving to promote the integration of its MEMS business resources, and the company's wholly-owned subsidiary, Beijing Selex International Technology Co., LTD., co-ordinates the company's MEMS business resources; Beijing 8-inch MEMS international OEM line has been built and operated, the company has the industry's advanced, high-quality operation of 8-inch MEMS production line in Stockholm, Sweden and Beijing, China, and can provide standardized scale production capacity, which is conducive to the company to further expand the global market, especially the Asian market, combined with advanced technology and scale production capacity, to better serve downstream customers; At the same time, the company has been actively promoting the production capacity and yield of domestic and foreign production lines, continue to expand the competitive advantage of the company's MEMS business, and continue to maintain the global leading position in the field of MEMS pure foundry.
The company is the world's leading high-end integrated circuit chip wafer manufacturer with international operations, and is also a domestic professional chip wafer manufacturer with independent intellectual property rights and core semiconductor manufacturing technology. After several years of divesting other businesses and focusing on MEMS business development, the company now has a number of pilot platforms and mass production plants at home and abroad, and its business covers the world. Service customers include internationally renowned lithography machines, DNA/RNA sequencers, infrared thermal imaging, computer networks and systems, metauniverse, silicon photonics, AI computing, ICT, new medical equipment giants and leading enterprises in various industry segments, covering the product range of communication, biomedical, industrial automotive, consumer electronics and many other application fields. At the same time, the company is building advanced wafer-level packaging and testing capabilities, and is committed to providing customers with systematic high-end manufacturing services from process development, wafer manufacturing to packaging and testing, and strives to develop into a well-known semiconductor manufacturing leader with international operations.
Second, adhere to independent research and development, master the core technology
The company adheres to the strategy of independent innovation. The company's domestic and foreign R&D teams conduct in-depth and systematic research on key technologies of MEMS business, independently develop and master the core technologies of related processes and hardware and software design of related products, and continue to upgrade a number of process technologies and modules such as through silicon (TSV), through glass (TGV), wafer bonding, and deep reactive ion etching. Continuous research and development of silicon microphone, inertia, RF filter, RF resonator, micro galvanometer, ultrasonic transducer, microfluidic, gas, pressure, temperature and humidity, infrared, silicon photon (including OCS), oscillator and other types of MEMS device manufacturing process, and constantly expand the independent innovation and technology research and development achievements. As of the end of June 2023, the company has registered 24 integrated circuit trademarks; The company owns/enjoys 21 international/domestic software Copyrights of integrated circuits and 132 international/domestic patents of various integrated circuits. There are 90 international/domestic patents on integrated circuits being applied for.

In the past two years, the company's semiconductor business continued to maintain a high research and development intensity, 2020-2022 and the first half of 2023, the company's research and development expenses were as high as 195 million yuan, 266 million yuan, 346 million yuan, 176 million yuan, It accounted for 25.54%, 28.69%, 44.01% and 44.28% of the operating revenue, respectively. With technical research and development experience and talent advantages, the company has the ability to undertake important scientific research projects, and has accumulated more than 20 years of rich research and development experience in MEMS process development, wafer manufacturing and other fields. In the future, the company will continue to pay attention to technology and product research and development investment, including the introduction of talent training and resource priority protection, and strive to achieve technical and business breakthroughs in the main business of MEMS, helping to solve the problem of "stuck neck" in the semiconductor high-tech field.
Third, consolidate corporate governance and achieve high-quality development
Corporate governance is an important part of the high-quality development of enterprises, the company will continue to consolidate the foundation of corporate governance, improve the internal control system, promote the "three will and one layer" to return to duty, and continue to improve the standard operation level. Regulate the rights and obligations of companies and shareholders, prevent the abuse of shareholders' rights and the dominant position of management from harming the rights and interests of small and medium-sized investors, and effectively protect the legitimate rights and interests of small and medium-sized investors.
The Company will continue to improve and improve the corporate governance structure and internal control system, continue to carry out in-depth governance activities, improve the level of corporate governance, and provide a strong guarantee for the protection of the legitimate rights and interests of the company's shareholders. The management of the company will further enhance the management level of the company, and continuously improve the company's core competitiveness, profitability and comprehensive risk management ability, with a view to achieving long-term development and rewarding investors.
Fourth, strengthen investor communication and improve the quality of information disclosure
The company has always attached great importance to investor relations management, continued to strengthen investor relations management, expanded the channels for investors to participate in corporate governance, and actively communicated with investors through listed company announcements, shareholders' meetings, performance presentations, investor field research, the Shenzhen Stock Exchange "interactive easy" platform, investor phone calls and other channels. Create convenience for all types of investors to participate in major decisions, improve investors' understanding of the company, and enhance investors' right to speak and sense of gain.
The Company has always and will further strictly comply with relevant laws and regulations to fulfill its information disclosure obligations, adhere to the investor demand-oriented information disclosure concept, disclose valuable information to investors for investment decisions, strengthen the disclosure of key information such as industry competition, corporate business and risk factors, reduce redundant information disclosure, and better convey the company's investment value. Enhance investors' sense of identity with the company and establish market confidence.
5. Pay attention to shareholder returns and share the fruits of development
The company attaches great importance to the reasonable return on investment to investors, while respecting the law of operation and development of its own industry, firmly establish the sense of return to shareholders, clearly stipulate the profit distribution policy in the company's articles of association, and combined with the actual situation of the company, repeatedly formulated the "return Plan for shareholders in the next three years". The company has paid cash dividends many times since its listing. In addition to cash dividends, the company also shares its development results with investors in the form of capital accumulation fund conversion to shares.
In the future, the company will strive to promote the high-quality development of the enterprise, strictly implement the shareholder return planning and profit distribution policy, and coordinate the dynamic balance between performance growth and shareholder return according to the development stage of the company. From a long-term perspective, with the continuous improvement and optimization of the company's business structure and the continuous improvement of its core competitiveness, the company will continue to improve the level of shareholder return, build a long-term, stable and sustainable shareholder value return mechanism, and continue to enhance the sense of gain of investors.