慧荣科技2022年度报告

UNITEDSTATES SECURITIESANDEXCHANGECOMMISSION Washington,D.C.20549 FORM20-F ☐REGISTRATIONSTATEMENTPURSUANTTOSECTION12(b)OR(g)OFTHESECURITIESEXCHANGEACTOF1934 OR ☒ANNUALREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 ForthefiscalyearendedDecember31,2022OR ☐TRANSITIONREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934OR ☐SHELLCOMPANYREPORTPURSUANTTOSECTION13OR15(d)OFTHESECURITIESEXCHANGEACTOF1934 Dateofeventrequiringthisshellcompanyreport:N/AForthetransitionperiodfromto Commissionfilenumber:000-51380 SiliconMotionTechnologyCorporation (ExactnameofRegistrantasspecifiedinitscharter) CaymanIslands (Jurisdictionofincorporationororganization)FlatC,19/F,WingCheongCommercialBuildingNos19-25JervoisStreet,HongKongIslandHongKong Tel:+85223074768 (Addressofprincipalexecutiveoffices) RiyadhLai,ChiefFinancialOfficerTel:+14085197200/Fax:+14085197101 690N.McCarthyBlvd.Suite200, Milpitas,CA95035,USA (Name,Telephone,E-mailand/orFacsimilenumberandAddressofCompanyContactPerson) SecuritiesregisteredortoberegisteredpursuanttoSection12(b)oftheAct: TitleofeachclassTradingSymbol(s)Nameofeachexchangeonwhichregistered Ordinaryshares,parvalueUS$0.01pershare*AmericanDepositaryShares,eachrepresentingfourordinaryshares SIMONasdaqGlobalSelectMarket *Notfortrading,butonlyinconnectionwiththelistingontheNasdaqGlobalSelectMarketofAmericanDepositaryShares,orADSs,eachrepresentingfourordinaryshares. SecuritiesregisteredortoberegisteredpursuanttoSection12(g)oftheAct:None SecuritiesregisteredortoberegisteredpursuanttoSection15(d)oftheAct:None Indicatethenumberofoutstandingsharesofeachoftheissuer’sclassesofcapitalorcommonstockasofthecloseoftheperiodcoveredbytheannualreport:132,215,732ordinarysharesasofDecember31,2022,US$0.01parvaluepershare. Indicatebycheckmarkiftheregistrantisawell-knownseasonedissuer,asdefinedinRule405oftheSecuritiesAct.Yes☒No☐ Ifthisreportisanannualortransitionreport,indicatebycheckmarkiftheregistrantisnotrequiredtofilereportspursuanttoSection13orSection15(d)oftheSecuritiesExchangeActof1934.Yes☐No☒ Indicatebycheckmarkwhethertheregistrant(1)hasfiledallreportsrequiredtobefiledbySections13or15(d)oftheSecuritiesExchangeActof1934duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtofilesuchreports),and(2)hasbeensubjecttosuchfilingrequirementsforthepast90days.Yes☒No☐ IndicatebycheckmarkwhethertheregistranthassubmittedelectronicallyeveryInteractiveDataFilerequiredtobesubmittedpursuanttoRule405ofRegulationS-T(§232.405ofthischapter)duringthepreceding12months(orforsuchshorterperiodthattheregistrantwasrequiredtosubmitsuchfiles).Yes☒No☐ Indicatebycheckmarkwhethertheregistrantisalargeacceleratedfiler,anacceleratedfiler,anon-acceleratedfiler,oranemerginggrowthcompany.Seethedefinitionsof“largeacceleratedfiler,”“acceleratedfiler,”and“emerginggrowthcompany”inRule12b-2oftheExchangeAct. Largeacceleratedfiler ☒ Acceleratedfiler ☐ Non-acceleratedfiler ☐ Emerginggrowthcompany ☐ IfanemerginggrowthcompanythatpreparesitsfinancialstatementsinaccordancewithU.S.GAAP,indicatebycheckmarkiftheregistranthaselectednottousetheextendedtransitionperiodforcomplyingwithanyneworrevisedfinancialaccountingstandards†providedpursuanttoSection13(a)oftheExchangeAct.☐ Indicatebycheckmarkwhethertheregistranthasfiledareportonandattestationtoitsmanagement’sassessmentoftheeffectivenessofitsinternalcontroloverfinancialreportingunderSection404(b)oftheSarbanes-OxleyAct(15U.S.C.7262(b))bytheregisteredpublicaccountingfirmthatpreparedorissueditsauditreport.☒ IfsecuritiesareregisteredpursuanttoSection12(b)oftheAct,indicatebycheckmarkwhetherthefinancialstatementsoftheregistrantincludedinthefilingreflectthecorrectionofanerrortopreviouslyissuedfinancialstatements.☐ Indicatebycheckmarkwhetheranyofthoseerrorcorrectionsarerestatementsthatrequiredarecoveryanalysisofincentive-basedcompensationreceivedbyanyoftheregistrant’sexecutiveofficersduringtherelevantrecoveryperiodpursuantto§240.10D-1(b).☐ †Theterm“neworrevisedfinancialaccountingstandard”referstoanyupdateissuedbytheFinancialAccountingStandardsBoardtoitsAccountingStandardsCodificationafterApril5,2012. Indicatebycheckmarkwhichbasisofaccountingtheregistranthasusedtopreparethefinancialstatementsincludedinthisfiling: U.S. GAAP☒ InternationalFinancialReportingStandardsasissuedbytheInternationalAccountingStandardsBoard☐ Other ☐ If“Other”hasbeencheckedinresponsetothepreviousquestion,indicatebycheckmarkwhichfinancialstatementitemtheregistranthaselectedtofollow.☐Item17☐Item18 Ifthisisanannualreport,indicatebycheckmarkwhethertheregistrantisashellcompany(asdefinedinRule12b-2oftheExchangeAct):Yes☐No☒ TABLEOFCONTENTS PARTI ITEM1. ITEM2. ITEM3. ITEM4.ITEM4A.ITEM5. ITEM6. 4 IDENTITYOFDIRECTORS,SENIORMANAGEMENTANDADVISERS4 OFFERSTATISTICSANDEXPECTEDTIMETABLE4 KEYINFORMATION4 INFORMATIONONTHECOMPANY25 UNRESOLVEDSTAFFCOMMENTS31 OPERATINGANDFINANCIALREVIEWANDPROSPECTS31 DIRECTORS,SENIORMANAGEMENTANDEMPLOYEES42 ITEM7. MAJORSHAREHOLDERSANDRELATEDPARTYTRANSACTIONS 48 ITEM8. FINANCIALINFORMATION 48