The electronics industry index rose or fell this week: as of February 18, 2022, Shenwan electronics industry rose 2 38%, outperforming the CSI 300 index by 1.29 percentage points, ranking 12th in Shenwan 31 and the industry; Shenwan electronics sector fell by 1.02% in February 2022, underperforming the CSI 300 index by 2.94 percentage points; Shenwan electronics sector fell 14.27% in 2022, underperforming the CSI 300 index by 8.42 percentage points.
The secondary sub sectors of the electronics industry rose and fell this week: from high to low, they were SW other electronics (5.24%), SW consumer electronics (4.01%), SW semiconductor (2.19%), SW components (1.97%), SW electronic chemicals (1.51%) and SW optical Optoelectronics (0.65%).
Some news and company news this week: (1) organization: the shipment of folding screen smart phones is expected to exceed 30 million units in 2024; (2) The capital expenditure of the semiconductor packaging and testing plant Ankui this year will reach US $950 million, and the new plant in Vietnam will be mass produced in 2023; (3) IDC: in 2021, China’s tablet computer market recorded the highest growth rate of shipments in recent 7 years; (4) Jibang Consulting: in 2022, the shipment of AR / VR devices was upgraded to 14.19 million units; (5) Wuxi Chipown Micro-Electronics Limited(688508) performance express: the net profit in 2021 increased by 101.8% year-on-year, exceeding the upper limit of the previous forecast range; (6) Allwinnertech Technology Co.Ltd(300458) performance express: net profit in 2021 increased by 141.48% year-on-year; (7) Sichuan Guoguang Agrochemical Co.Ltd(002749) performance express: net profit in 2021 increased by 20.49% year-on-year.
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.
