The electronics industry index rose and fell this week: as of February 11, 2022, Shenwan electronics industry fell 3.32% this week, 4.15 percentage points lower than the Shanghai and Shenzhen 300 index, ranking 30th in Shenwan 31 and the industry; Shenwan electronics sector fell by 3.32% in February 2022, underperforming the CSI 300 index by 4.15 percentage points; Shenwan electronics sector fell by 16.27% in 2022, underperforming the CSI 300 index by 9.40 percentage points.
The secondary sub sectors of the electronics industry rose and fell this week: as of February 11, 2022, the six secondary sub sectors of Shenwan electronics rose and fell this week. The rise and fall ranges from high to low are: SW other electronics (4.25%), SW optical Optoelectronics (0.19%), SW electronic chemicals (- 0.81%), SW semiconductors (- 3.70%), SW components (- 3.72%) and SW consumer electronics (- 6.64%).
Some news and company developments this week: (1) Xu Daquan, executive vice president of Bosch China: chip shortage will continue to restrict automobile production; (2) Semiconductor Manufacturing International Corporation(688981) the fourth quarter revenue was $1.58 billion, a year-on-year increase of 61%; (3) Sumco, a large Japanese silicon wafer manufacturer: the silicon wafer market environment is very good. It is predicted that the revenue will increase by 30% in the first quarter; (4) Semiconductor Manufacturing International Corporation(688981) Zhao Haijun: the total production capacity of three new projects has doubled after they are completed; (5) Asus’s January sales amounted to NT $43.16 billion, an increase of 18% year-on-year; (6) AMD’s fourth quarter revenue was $4.8 billion, and analysts expected $4.5 billion; (7) Hon Hai’s January sales amounted to NT $445.75 billion, a year-on-year decrease of 11%; (8) TSMC’s January sales were NT $172.18 billion, a year-on-year increase of 36%.
Weekly view of the electronics industry: the prosperity of the global electronics industry is divided. On the one hand, the prosperity of notebook computers, LCD panels, driver ICs and other sub sectors benefiting from the epidemic has fallen, and the demand for mobile phones / PCS and security has slowed down; On the other hand, the domestic alternative main line represented by semiconductor equipment and materials has maintained a high boom, while automotive electronics and AR / VR have become the main driving forces of industry innovation. It is recommended to focus on Goertek Inc(002241) (002241), Wuhu Token Sciences Co.Ltd(300088) (300088), Wuxi Nce Power Co.Ltd(605111) (605111), Naura Technology Group Co.Ltd(002371) (002371), Starpower Semiconductor Ltd(603290) (603290), Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) (002384) and Sanan Optoelectronics Co.Ltd(600703) (600703).
Risk tip: the downstream demand is not as expected, the domestic substitution is not as expected, and the innovation of the industry slows down.
