For 2017, the main factor affecting business performance, Tongflux said that on April 29, 2016, the Company completed the acquisition of 85% equity interest in each of AMD Suzhou and AMD Penang. In 2016, its operating income was only consolidated with Tong Fu Chaowei Suzhou, through the ultra-Penang Penang eight-month operating income, and merged in 2017 Tong Fu Chaowei Suzhou, Tong Fu Chao Wei Penang 12-month operating income; the same time, Chongchuan plant continued to maintain steady growth, The subsidiary companies Nantong Tong Fu, Hefei Tong Fu have been put into operation, through the rich Chaowei Suzhou, Tong Fu ultra-Penang actively respond to AMD orders, the successful development of 7nmwafernode technology, a number of new products successful mass production, while importing a number of well-known New customers, in 2017 the company's total operating income increased 41.32% over the previous year.
In addition, due to the continued appreciation of RMB against the U.S. dollar in 2017, exchange losses increased; Nantong Tongfu and Hefei Tongfu were in the initial mass production stage with revenue growth slower than expected, affecting the overall performance of the Company; meanwhile, Substrate supply of substrate products suppliers due to accidents, resulting in disruption of substrate supply, affecting the company's fourth quarter results released in 2017, resulting in 2017 attributable to shareholders of listed companies net profit decreased 30.63% over the same period.
According to the micro-network understanding, Tong Fu Microelectronics referred to the substrate supplier for the Zhuhai Vietnam Asia .2006 by the Israeli Amite and Founder Group each invested one million US dollars in 2016. In 2016, Vietnam's packaging output value reached 500 million RMB, accounting for 25% of the market capacity of the global mobile phone RF chip packaging substrate market, entering the top three of the global market, breaking the monopoly market of foreign high-end IC package substrate manufacturers, and the products have long been dominated by mainstream mobile phones such as Apple, Samsung, Huawei and Xiaomi According to the plan, the company's annual output will exceed 100 million US dollars by 2019. In addition, Vietnam also provides packaging substrate for the ASIC chip companies such as bit continent.
The company, which occupies the pivotal position in the area of packaging substrate, suffered a fire accident in October last year, covering an area of nearly 3,000 square meters and Vietnam suffered a lot of capacity losses due to the fire. After its full recovery in March, it is now gradually recovering in.
In addition, as of December 31, 2017, Tongfang Microelectronics owns the owner's equity attributable to shareholders of the listed company of RMB59,207,575,400, an increase of 51.10% over the same period of the previous year mainly due to the issuance of shares by the Company to the National Taiwan University Fund held by the Industrial Fund Fortune 49.48% stake and Tongrun up 47.63% stake.At present, the National Fund shares through Microfilree has completed the transfer, becoming the third largest shareholder of Fortis Microelectronics, stake of 14.65%.