The Ministry of Commerce said it would vigorously develop digital trade and create a digital trade demonstration area this year.
Semiconductor Manufacturing International Corporation(688981) single quarter revenue hit a record, exceeding 10 billion yuan
On February 10, the world’s leading foundry company Semiconductor Manufacturing International Corporation(688981) disclosed its performance express for the fourth quarter of 2021. According to the financial report, during the reporting period of the fourth quarter of 2021, Semiconductor Manufacturing International Corporation(688981) consolidated statement operating revenue was 10.26 billion yuan (about US $1.614 billion), a year-on-year increase of 53.8%; The net profit was 3.415 billion yuan (contract $533.8 million), far exceeding the previous estimate of $353.3 million, a year-on-year increase of 172.7%.
The company said, “the company was the fastest growing company among the top four pure wafer foundries in the world that year, and many financial indicators such as gross profit margin, operating profit margin and net profit margin also hit a record high.” The company expects that the growth rate of annual sales revenue in 2022 will be better than the average value of agency industry, and the gross profit margin is higher than the level of the company in 2021. The company said that in 2022, it will increase investment to promote the expansion of old plants and three new plant projects. It is estimated that the investment will be US $5 billion (about 36.878 billion yuan), and the production capacity will reach a new level.
Semiconductor Manufacturing International Corporation(688981) said that the increase in performance was mainly due to the increase in sales revenue caused by the increase in wafer sales, the increase in average selling price and the change of product portfolio; As well as the increase in income from investment in associates and financial assets.
So far, the results of the world’s top four wafer foundry in the fourth quarter of 2021 have all appeared. The other three are TSMC, Gexin and Huahong. Among them, Semiconductor Manufacturing International Corporation(688981) performance grew the fastest, and TSMC’s revenue increased by 21.2% year-on-year in the same period.
the performance prediction rate of wafer foundry company exceeds 90%
Under the tide of core shortage, there will inevitably be many obstacles to the development of relevant companies, but the strong demand for local manufacturing has brought rare opportunities to relevant companies. According to the statistics of securities times · databao, among the wafer industry companies that have disclosed the performance forecast, the performance forecast rate exceeds 90%, and Hubei Dinglong Co.Ltd(300054) turned around the loss.
The net profit (median value) of shares such as Tianjin Zhonghuan Semiconductor Co.Ltd(002129) , China Resources Microelectronics Limited(688396) , Zhejiang Jingsheng Mechanical & Electrical Co.Ltd(300316) , Hangzhou Silan Microelectronics Co.Ltd(600460) in 2021 is more than twice that of 2020, and the median net profit of Tianjin Zhonghuan Semiconductor Co.Ltd(002129) in 2021 is 4 billion yuan, about 4 times that of 2020; Hangzhou Silan Microelectronics Co.Ltd(600460) the net profit in 2020 is less than 100 million yuan, and it may exceed 1.5 billion yuan in 2021. The performance will rise again. The median increase of net profit in 2021 is more than 21 times. The company has the production capacity of 12 inch wafers.
Ministry of Commerce: vigorously develop digital trade and create a digital trade demonstration area
At a regular press conference held by the Ministry of Commerce on February 10, Gao Feng, a spokesman, said that this year, the Ministry of Commerce will study and promote the introduction of a number of new policies and measures to vigorously promote the high-quality development of digital trade, technology trade and foreign cultural trade; Select areas with remarkable pilot results, and upgrade and build a national demonstration zone for innovative development of trade in services. Vigorously develop digital trade, create a digital trade demonstration area , and promote innovation in science, technology and system.
Compared with traditional trade, digital trade focuses on reconstructing the supply-demand matching and industrial theme coordination mode of the traditional trade industrial chain, so as to open up a broader digital trade market space for agriculture, steel, chemical plastics, wholesale and cross-border industries. According to the plan, the first global digital Trade Expo will be held in Hangzhou from March 24 to 27, 2022. At that time, the international digital trading platform may be launched and the Hangzhou International Digital Exchange will be established.
China and the world are in an important stage of digital transformation and upgrading of traditional industries, and the driving force for the development of digital trade is strong. Cross border digital trade has promoted the restructuring of global value creation elements and helped traditional foreign trade enterprises achieve transformation and upgrading. The Chinese Academy of information and communication technology pointed out that information and communication technology promotes the reform of international trade, human society is entering the fourth wave of globalization with digital trade as the core, and international trade presents the characteristics of high digitization.
According to the data report on China’s cross-border e-commerce market in 2021 (Part I) released by ECOSOC e-commerce research center of www.ecosoc.com, in 2020, the scale of China’s cross-border e-commerce transactions exceeded 12 trillion yuan, with a year-on-year increase of more than 19%, and it is expected to break the new high again in 2021. with the continuous covid-19 pneumonia epidemic, China’s cross-border e-commerce has bucked the trend and become a bright spot in foreign trade.
With the increasing support of national policies for cross-border e-commerce, cross-border digital trade will become a strong growth point of foreign trade, it is expected that the compound growth rate of China’s cross-border e-commerce will reach 28.1% from 2021 to 2023.
cross border e-commerce 2021 performance or reversal
With the continuous expansion of the scale of cross-border e-commerce, the performance of listed companies also shows a growth trend. According to the statistics of securities times · databao, the net profit of 28 cross-border e-commerce concept stocks in the A-share market totaled nearly 20 billion yuan in 2018, reaching the peak. In 2020, excluding Suning.Com Co.Ltd(002024) and Global Top E-Commerce Co.Ltd(002640) , the total net profit is basically the same as that in 2019.
According to the unanimous prediction results of the institutions (including the upper limit of net profit growth), except for the stocks that continue to decline sharply (loss), the average increase of net profit in 2021 is about 70%. The net profit of Eternal Asia Supply Chain Management Ltd(002183) , Guangdong Chj Industry Co.Ltd(002345) , Nanning Department Store Co.Ltd(600712) in 2021 is expected to increase by more than 100%, of which Nanning Department Store Co.Ltd(600712) signed a strategic cooperation agreement with Guangzhou cross border communication company on jointly developing cross-border e-commerce business in 2015.
According to the statistics of databao, the total value of 28 cross-border e-commerce stock markets is nearly 300 billion yuan. As of February 10, 28 shares have fallen more or less since the beginning of the year. Only Changsha Tongcheng Holdings Co.Ltd(000419) has increased significantly, more than 35%, and Tiza Information Industry Corporation Inc(300209) , Lancy Co.Ltd(002612) and other shares have decreased by more than 10%.
Further, since the beginning of the year, only six cross-border e-commerce stocks have been added positions with northbound funds, Anker Innovations Technology Co.Ltd(300866) , Lancy Co.Ltd(002612) ranks first, with more than 0.3 percentage points. Among them, Anker Innovations Technology Co.Ltd(300866) mainly realizes the global sales of products through mainstream third-party online B2C platforms at home and abroad, such as Amazon, eBay, Rakuten and tmall.
The institutional ratings of these six stocks are “buy” or “overweight”. Among them, Lancy Co.Ltd(002612) , Zhejiang China Commodities City Group Co.Ltd(600415) and Eternal Asia Supply Chain Management Ltd(002183) are rated as “overweight +”. Although the performance of Suning.Com Co.Ltd(002024) in 2021 may continue to decline sharply, it will not affect the overweight of Beishang capital and the “overweight” rating given by the institution, which will cause significant losses to the performance, The explanation given by the company is: in combination with the changes of the external environment and the company’s own operation, the company withdraws impairment reserves for relevant assets and recognizes investment losses based on the principle of prudence.
