It was reported on June 30 that the global chip shortage and price hikes continued. Benefiting from the shortage of the supply chain, the performance of many semiconductor companies has also skyrocketed. Recently, a number of listed semiconductor companies have issued announcements of pre-increase in their 2021 semi-annual reports, and their performance has grown exponentially.
According to the incomplete statistics of OFweek Electronic Engineering Network, the pre-increase announcements of the performance of many domestic semiconductor companies are as follows, focusing on semiconductor design, equipment and packaging and testing. Specifically:
On June 30, Weil shares issued an announcement on the pre-increase of semi-annual results. It is expected to achieve a net profit of 2.242 billion to 2.443 billion yuan in the first half of 2021, a year-on-year increase of 126.41% to 146.78%. In 2021 The deducted non-net profit for the first half year was 1.931 billion to 2.133 billion yuan, a year-on-year increase of 108.19% to 129.93%. Weil shares stated that the main reasons for the pre-increase in performance are as follows. In terms of main business, during the reporting period, the company continued to optimize market layout, deepen its main business, and continuously increase R&D investment through continuous enrichment of product types and clear market positioning. And through the integration of various business systems and product lines, the coordination effect of various business systems has been brought into full play, which has significantly improved the company’s sustainable profitability; in terms of the impact of non-recurring gains and losses, the company’s non-recurring gains and losses increased during the reporting period. , mainly the investment income obtained by the company from the disposal of subsidiaries and the comprehensive impact of the company’s gains and losses from changes in fair value of upstream and downstream investments in the industry chain.
Yangjie Technology disclosed the performance forecast for the first half of 2021 on the evening of June 29. It is expected that the net profit attributable to shareholders of listed companies in the first half of 2021 will be 317 million yuan to 361 million yuan, an increase of 120%-150% over the same period last year. %. During the reporting period, the company’s net profit attributable to shareholders of listed companies increased significantly compared with the same period of the previous year. The main reasons are as follows: the economic recovery in 2021, the acceleration of domestic replacement of power semiconductors, and the country’s introduction of favorable policies for the new energy industry. The company adapts to the market environment, improves production capacity utilization, actively expands market share, and achieves full production and full sales, with sales revenue increasing by more than 70% year-on-year. The year-on-year growth of MOS, small signal, IGBT and module products all increased by more than 100%.
(The picture comes from OFweek Weike.com)
Mingwei Electronics announced on June 29 that it is expected to achieve a net profit attributable to owners of the parent company of 270 million to 300 million yuan in the first half of 2021, compared with the same period of the previous year (statutory disclosure data). , will increase by 241 million yuan to 271 million yuan, a year-on-year increase of 832.38% to 935.98%. Mingwei Electronics stated that the main reason for the increase in the performance in the first half of the year compared with the same period of the previous year was that the company’s main products were not sold well in the first half of 2020 due to the impact of the new crown epidemic, so the comparable base in the same period last year was small. In the first half of 2021, the domestic epidemic situation was effectively controlled, the company’s downstream demand gradually recovered and continued to be strong, and the company’s product sales increased significantly; the upstream production capacity of the company’s industry is still tight, and the demand for downstream applications is strong, the company continues to increase research and development efforts to adjust product structure, The customer structure and product prices have achieved the increase in the sales of original products and the continuous launch of new products in batches; the company has adopted a series of measures to ensure the supply of upstream production capacity, and strived to expand upstream suppliers under the tense situation of wafer foundries. Through continuous improvement of research and development capabilities To achieve product upgrades, effectively shorten the production cycle of chips between different foundries, flexibly allocate production capacity, and ease tensions; the company’s own packaging and testing capacity continues to expand, effectively improving product yield and packaging and testing capacity. Shortened product delivery time.
According to the performance forecast of Espressif, the net profit in the first half of 2021 is expected to be 100 million to 120 million yuan, a year-on-year increase of 187.9% to 245.4%; the net profit after deducting non-recurring gains and losses is expected in the first half of the year. It is about 90 million to 110 million yuan, an increase of 504.9% to 639.3% year-on-year. The company’s first-quarter net profit increased by 261.98% year-on-year. The main reason for the increase in the company’s performance in the first half of 2021 compared with the same period of the previous year is that in the first half of 2020, downstream production was suspended due to the impact of the new crown epidemic, and demand was weakened, so the comparable base in the same period last year was small. Since the second half of 2020, as the epidemic is gradually brought under control, the company’s downstream demand has gradually recovered and will remain strong in the first half of 2021, and the company’s product sales have risen sharply; downstream applications have strong demand, but the company’s industry upstream has tight production capacity . The company began to actively stock up in the fourth quarter of 2020, so that it can continue to support the downstream in this period, but it still needs to continuously allocate production capacity to meet customer needs. In the first half of 2020, due to the impact of the epidemic, the company made a strategic price reduction decision. In this period, due to the tight supply side and a slight increase in costs, the company made a slight correction in product prices; the company is a research and development company, and the total period cost is approximately More than 70% of the research and development expenses. In this period, we continued to increase our research and development efforts and continued to invest in the research and development of new projects. Therefore, the research and development expenses still maintained rapid growth, but the growth rate was smaller than the revenue growth rate, so the net profit increased.
Core Source Micro
According to the performance forecast released by Xinyuan Micro, the net profit in the first half of 2021 is expected to be 31 million to 40 million yuan, an increase of 398.59% to 543.35% year-on-year. During the reporting period, the prosperity of the semiconductor industry continued to improve. The company actively seized market opportunities and increased market development efforts. Sales orders increased significantly compared with the same period of the previous year. The company continued to increase investment in research and development, and the overall operating conditions were good. The company’s revenue in the fields of integrated circuit front-end wafer processing, back-end advanced packaging, chemical compounds, MEMS, and LED chip manufacturing has increased significantly. The operating income in the first half of 2021 is expected to exceed 320 million yuan, basically reaching the total of last year. year level.
North Huachuang announced that it is expected to achieve a net profit of 276 million yuan to 330 million yuan in the first half of the year, a year-on-year increase of 50% to 80%. North Huachuang said that it was mainly due to the fact that in the first half of 2021, driven by the market demand in many downstream fields, the company’s electronic process equipment and electronic components business made good progress, and sales revenue achieved a year-on-year increase, which also made the net profit attributable to shareholders of the listed company to achieve a year-on-year increase. increase.
Han’s Laser released a profit forecast, and it is expected that the net profit attributable to the parent in the first half of the year will be 850 million to 900 million yuan, an increase of 36.36% to 44.38% over the same period of the previous year. Specifically, due to the impact of the new crown pneumonia epidemic in the same period last year, the company and the upstream and downstream were under-operated. This year, the company’s various businesses returned to normal, the main business continued to develop, the demand for consumer electronics business was improving, and product orders remained unchanged from the previous year. Steady growth; Benefiting from the continuous improvement of the industry’s prosperity, the orders and shipments of the special equipment business in the PCB industry have increased significantly compared with the same period of the previous year; due to the fluctuation of the US dollar exchange rate, the company’s financial expenses increased by about 90 million yuan compared with the same period of the previous year.
Semiconductor packaging and testing
Tongfu Microelectronics disclosed its semi-annual performance forecast. The company expects a profit of 370 million yuan to 420 million yuan in the first half of 2021, an increase of 232.00%-276.87% over the same period of the previous year. Benefiting from the continuous advancement of the localization of integrated circuits and the increasing demand in the terminal markets such as intelligence, 5G, Internet of Things, electric vehicles, home appliances, and tablets, in the first half of 2021, the semiconductor packaging and testing capacity will continue to be in short supply; the company is in high-performance computing. , 5G, memory, Display driver chips, and automotive electronics are progressing smoothly, and operating income continues to expand; under the circumstance that the global supply chain capacity is tight, the company strives to maximize production capacity through strong organization to respond to strong market demand.
Under the “lack of core shortage”, the development of domestic semiconductors has entered the fast lane
Since the end of 2020, the production capacity of global chip manufacturers has been in a hurry, and “one chip is difficult to find” has become the norm. In this context, it is very valuable for domestic semiconductors to usher in dazzling performance. According to the latest data released by the China Semiconductor Industry Association, the sales of China’s integrated circuit industry in the first quarter of 2021 was 173.93 billion yuan, a year-on-year increase of 18.1%. Among them, the sales of the design industry was 71.77 billion yuan, a year-on-year increase of 24.9%; the sales of the manufacturing industry was 54.21 billion yuan, a year-on-year increase of 20.1%; the sales of the packaging and testing industry was 47.95 billion yuan, a year-on-year increase. An increase of 7.3%.
Undoubtedly, accelerating the localization of chips has become one of the important issues for Chinese technology companies. According to the company’s data, there are currently 74,100 chip-related companies (including upstream and downstream links in the industry chain) in China, and 22,800 new companies will be registered in 2020. Since entering 2021, the rally has been hard to stop. In the first quarter, my country added 8,679 chip-related companies, a year-on-year increase of 302%; among them, 4,047 companies registered in March, a year-on-year increase of 226%. From the perspective of regional distribution, Guangdong Province currently ranks first with 25,200 enterprises, followed by Jiangsu and Zhejiang.
Earlier, the State Council issued “Several Policies for Promoting the High-Quality Development of the Integrated Circuit Industry and Software Industry in the New Era”, which mentioned that China’s chip self-sufficiency rate will reach 70% by 2025, which has become the focus of countless people. Official statistics show that my country’s chip self-sufficiency rate is only 30% in 2019. It is extremely challenging to more than double the self-sufficiency rate in 5 years to reach 70% in 2025. Today, the gap between the domestic chip industry and foreign countries is mainly reflected in the IC manufacturing process, while the support of national policies and capital for domestic chips is increasing, and the market’s confidence in domestic chips is gradually increasing. The next step will focus on solving many “stuck necks” problem, I believe that the development in the chip field will be further improved.