In recent months, the first day of IPO has been broken frequently. According to the statistics of the science and Innovation Board daily, since the beginning of the year, 9 new shares of A-Shares have fallen below the issuance price on the first day (intraday). In addition, the lowest intraday price of Dongwei semi guide on the first day is the same as the issuance price.
Dongwei semi guide landed on the science and Innovation Board on the 10th of this month, with an issue price of 130 yuan / share. On the first day of listing, it once rose by nearly 13%, and then went all the way down, finally closing at 130.11 yuan, up slightly by 0.11%. The next day, Dongwei semi opened low, hitting a new low of 121.1 yuan, falling below the issuance price.
However, the opposite is its subsequent stock price trend. After hitting a new low, the share price of Dongwei semi guide rose all the way. As of the closing on the 23rd, the share price reached 191 yuan, hit a new high of 198.53 yuan in the intraday, and achieved nine consecutive positive results.
Looking back on the performance of new shares since the beginning of the year, except for Dongwei semi guide, China catalyst and zhenradium technology, the vast majority of broken stocks are still struggling in the doldrums.
In the breaking tide, why can Dongwei semi guide get out of jiulianyang? Maybe it has something to do with the track and fundamentals.
East micro semiconductor is the first share of A-share “charging pile chip”. Public information shows that the company is mainly engaged in MOSFET Power Devices; In terms of global market share, it ranks among the top ten Chinese local enterprises. The company’s products are mainly used in charging pile / 5G base station power supply / on-board OBC and other fields, and have entered the supply chain of Huawei / Byd Company Limited(002594) / Infineon and other enterprises.
High voltage super junction MOSFET is one of the company’s main products. The downstream application fields are mainly high growth fields such as charging pile, industrial and communication power supply, on-board OBC and so on. China Merchants Securities Co.Ltd(600999) it is expected that the downward pressure on its price this year and next will be less than that of medium and low voltage MOSFETs At the same time, the East micro semiconductor super silicon MOSFET and IGBT are in the early large-scale stage, and are optimistic about the certainty of future revenue.
Dongwei semiconductors predicts that the annual revenue in 2021 will be 772-803 million yuan, with a year-on-year increase of 150% – 160%; The net profit attributable to the parent company was 132-153 million yuan, with a year-on-year increase of 377% – 453%. Based on this calculation, the company achieved a revenue of 213-244 million yuan in Q4, a month on month increase of – 10.7% – 2.3%; The net profit attributable to the parent company was 39.23 million-60.23 million yuan, an increase of – 4.2% – 47.0% month on month.
In addition, the investment lineup and founder background behind the East micro semi guide are also quite bright. The company has been invested by institutions such as Hubble investment, SMIC Juyuan, ZTE venture capital and Yuanhe holdings. The company’s co founders Gong Yi and Wang Pengfei are from Infineon. The former also worked in ultramicro semiconductor.
It is worth mentioning that many power semiconductor stocks rose sharply on Tuesday, including Wuxi Nce Power Co.Ltd(605111) limit, Hangzhou Silan Microelectronics Co.Ltd(600460) , Yangzhou Yangjie Electronic Technology Co.Ltd(300373) and so on. On the 21st, Hangzhou Silan Microelectronics Co.Ltd(600460) announced that it plans to increase 885 million yuan to Shilan Jike together with big fund phase II to accelerate the construction and operation of 12 inch production line.
Driven by the electric vehicle and photovoltaic dual line market, the demand for power semiconductors is rising. Many leading overseas manufacturers mentioned in the financial report and performance meeting that the overall business is still strong month on month, and most companies have “sold out” in 2022. Some manufacturers even pointed out that many orders expected to be supplied next year have been advanced to this year.
AVIC securities reported on the 20th of this month and counted the core targets of 12 power semiconductors in China, pointing out that the overall net profit attributable to the parent company of the industry reached 7.515 billion yuan in the third quarter of 2021, with a year-on-year growth rate of 38.8%, and the overall PE level is relatively low.
