The electronics industry index rose or fell this week: as of December 24, 2021, Shenwan electronics industry rose 0.93% this week, outperforming Shanghai and Shenzhen 300 by 1.61 percentage points, ranking seventh among Shenwan’s 28 industries; Shenwan electronics sector rose 0.60% this month, underperforming the CSI 300 index by 1.25 percentage points; Shenwan electronics sector rose 15.42% this year, outperforming the Shanghai and Shenzhen 300 index by 20.98 percentage points; Rise and fall of each secondary sub section: as of December 24, 2021, all the five secondary sub sections of Shenwan electronics, except SW and other electronics, rose and fell from high to low: SW components (3.95%), SW electronics manufacturing (1.90%), SW optical Optoelectronics (1.02%), SW Semiconductors (0.11%) and SW and other electronics (- 6.49%).
Sector Valuation: as of December 24, 2021, the PE (TTM) of the electronic industry was 33.79 times, lower than the average value of the recent year (the average value of the recent year was 38.16 times); the valuation of SW semiconductor, SW other electronics, SW components, SW optical optoelectronics and SW electronic manufacturing were 66.57 times, 41.43 times, 33.62 times, 17.45 times and 30.72 times respectively.
View of the electronics industry week: the global electronics industry is still in a high boom period. On the one hand, grasp the domestic substitution process in the fields of semiconductor equipment / materials, power semiconductors and IC carrier boards, on the other hand, pay attention to the performance driving effect of downstream innovations such as AR / VR, automotive electronics and mini led on supply chain enterprises. It is recommended to pay attention to Goertek Inc(002241) (002241), Lianchuang Electronic Technology Co.Ltd(002036) (002036), Wuhu Token Sciences Co.Ltd(300088) (300088), Electric Connector Technology Co.Ltd(300679) (300679), Naura Technology Group Co.Ltd(002371) (002371), Hubei Dinglong Co.Ltd(300054) (300054), Hangzhou Silan Microelectronics Co.Ltd(600460) (600460), Starpower Semiconductor Ltd(603290) (603290), Avary Holding (Shenzhen) Co.Limited(002938) (002938), Suzhou Dongshan Precision Manufacturing Co.Ltd(002384) (002384), Shenzhen Fastprint Circuit Tech Co.Ltd(002436) (002436), Victory Giant Technology (Huizhou)Co.Ltd(300476) , Sanan Optoelectronics Co.Ltd(600703) (600703), Foshan Nationstar Optoelectronics Co.Ltd(002449) (002449), Leyard Optoelectronic Co.Ltd(300296) (300296) and other relevant beneficiary enterprises.
Risk tip: downstream demand is not as expected, domestic substitution is not as expected, and industrial innovation slows down.
