On the evening of February 23, Shanghai Bright Power Semiconductor Co.Ltd(688368) disclosed the annual report of 2021. In 2021, the company realized a total net profit attributable to shareholders of listed companies of 677 million yuan, an increase of 883.72% year-on-year. The company plans to pay 40 yuan for every 10 shares. Public information shows that the company is a leading enterprise of LED driver chips.
As of the closing on February 23, Shanghai Bright Power Semiconductor Co.Ltd(688368) closed at 254.41 yuan / share, up 9.28%, with a market value of 15.8 billion yuan.
cash dividend of 284 million yuan
According to the 2021 annual report, in 2021, the company achieved a total operating revenue of 2.302 billion yuan, a year-on-year increase of 108.75%; The net profit attributable to the listed company was RMB 7.2 billion, a year-on-year increase of 88.6%. The net cash flow from operating activities was 505 million yuan, compared with -4.9546 million yuan in the same period of last year.
According to the profit distribution plan for 2021, the company plans to distribute cash dividends of 40 yuan (including tax) to all shareholders for every 10 shares. As of December 31, 2021, the total share capital of the company is 62.03 million shares. Based on this calculation, the total cash dividend to be distributed is 248 million yuan (including tax), accounting for 36.63% of the company's net profit attributable to shareholders of Listed Companies in 2021.
The company is one of the leading power management driver chip design enterprises in China. Its main business is the design, R & D and sales of analog semiconductor power management chips. During the reporting period, the company's fifth generation bcd-700v process platform entered the mass production stage, which will further reduce the product cost and optimize the effective utilization of wafer capacity.
Guosen Securities Co.Ltd(002736) the research report shows that the company is a power management chip design enterprise, which is at the leading level in LED driver chip technology and market.
According to the annual report, Shanghai Bright Power Semiconductor Co.Ltd(688368) based on the technical accumulation of the original LED lighting market, it has gradually developed built-in AC / DC power chips for large and small household appliances and external AC / DC power chips for chargers and adapters. During the reporting period, in view of the technical gap in China's high current DC / DC industry, the company developed China's first polyphase controller product with independent intellectual property rights. At present, the product has completed customer verification and entered the stage of market promotion. It coincides with the golden period when downstream customers in the industry are choosing various key accessories for domestic substitution. In the future, the company will continue to provide customers with products with more cost advantages and further optimized performance.
The sector index rose nearly 5%
From the perspective of the sector, the chip index rose sharply on February 23, with an intraday increase of more than 5%. As of the closing on February 23, the chip index closed at 10981.01, with a closing increase of 4.89%.
According to the data, up to now, a total of 57 chip listed companies in A-share have disclosed the performance forecast of 2021, and 31 are expected to be happy, with a proportion of 54.39%. Among them, 5 turned losses and 26 increased in advance. Another 10 chip listed companies disclosed the performance express in 2021, and the net profit of 9 companies increased year-on-year.
Shanghai Bright Power Semiconductor Co.Ltd(688368) , Shenzhen H&T Intelligent Control Co.Ltd(002402) two listed companies disclosed the annual report of 2021. The chip listed companies that have disclosed the performance forecast, performance express and annual report of 2021 have maintained good performance growth as a whole.
During the reporting period, the volume and price of chip products rose simultaneously, driving the performance growth of listed companies. Among them, affected by the improvement of the prosperity of downstream new energy vehicles, the simultaneous rise in the volume and price of chips related to vehicles is particularly obvious.
Industry insiders pointed out that since 2021, due to the impact of the epidemic, the production capacity of chip factories in Southeast Asia and other places has fallen sharply, and the supply of automobile chips is in short supply. In addition, the hoarding of chip dealers is also an important reason for the soaring price of auto chips. With the significant increase in chip demand in downstream 5g communications, smart cars, smart appliances, the Internet of things and other fields, and the impact of the global covid-19 epidemic on suppliers in all links of the semiconductor industry chain, global chip supply has been in continuous shortage since 2020, and many semiconductor enterprises around the world have raised product prices.
According to the Research Report of Everbright Securities Company Limited(601788) , the global supply share of neon (NE) in Ukraine reaches 70%, while the global supply share of krypton (KR) and xenon (Xe) reaches 40% and 30% respectively. These rare gases can be used in the production of excimer laser light sources and semiconductor etching in ARF and KrF lithography machines respectively. If the subsequent conflict between Russia and Ukraine further escalates, it is likely to cause a shortage of relevant rare gases. At present, with the continuous shortage of supply in the semiconductor industry chain and the limited supply of some semiconductor materials, semiconductor head material enterprises are expected to enter a virtuous circle of semiconductor material business development by accelerating the increase of market share.
