While the intensive layout of national large funds in the year of the tiger, the reduction of holdings is also in progress.
On March 7, LED chip leader Sanan Optoelectronics Co.Ltd(600703) ( Sanan Optoelectronics Co.Ltd(600703) ) issued a suggestive announcement on the progress of shareholder reduction.
The announcement shows that the national integrated circuit industry investment fund Co., Ltd. (hereinafter referred to as “big fund”) has reduced its holdings of 44.794 million shares of the company through centralized bidding from October 29, 2021 to March 7, 2022, with a reduction ratio of 1%.
At present, the large fund still holds 7.29% of the shares of the company, with a shareholding of 327 million shares.
Sanan Optoelectronics Co.Ltd(600703) has been reduced for many times
It is reported that this reduction is to fulfill the reduction plan released by the large fund in September 2021. The plan shows that the large fund plans to reduce its holdings of San’an North Electro-Optic Co.Ltd(600184) no more than 89.59 million shares by means of competitive trading and / or block trading from September 24, 2021 to March 23, 2022, and no more than 2% of the total share capital ratio of the company.
By March 7, the large fund had reduced its holdings of North Electro-Optic Co.Ltd(600184) 44794000 shares in San’an, with a reduction of share capital of 1%. In November last year, the large fund also disclosed the progress of this reduction. The announcement said that by November 4, the large fund had reduced its holdings by more than half, reducing its holdings of 44.793 million shares and cashing out 536 million yuan.
Public information shows that Sanan Optoelectronics Co.Ltd(600703) was founded in 2000 and listed on the Shanghai Stock Exchange in 2008. It is mainly engaged in some core raw materials, epitaxial wafer growth and chip manufacturing involved in compound semiconductors. It is the leader of LED chips.
Sanan Optoelectronics Co.Ltd(600703) is the second listed company to obtain more than 5% of the shares invested by large funds. In June 2015, Sanan Optoelectronics Co.Ltd(600703) group transferred 217 million shares it held to large funds by agreement at a price of 22.3 yuan / share, with a total transfer amount of 4.84 billion yuan. Later, large funds successively increased their holdings of San’an North Electro-Optic Co.Ltd(600184) , once holding 10.29% of the shares of the company through non-public offering.
In fact, September 2021 is not the first time for large funds to reduce their holdings of Sanan Optoelectronics Co.Ltd(600703) . The reduction of the company’s holdings by large funds began as early as 2020. From July 2020 to January 2021, large funds sold 81.56 million shares of the company through centralized bidding transactions, accounting for 1.82% of the total share capital, cashing out 2.129 billion yuan.
in addition to the news of large fund holdings reduction, another news that Sanan Optoelectronics Co.Ltd(600703) has been concerned by the market recently is to enter the supply of Apple Mini led
According to media reports, some people in the supply chain said that Sanan Optoelectronics Co.Ltd(600703) has successfully passed the supplier certification of Apple Mini led, and is expected to join the supply ranks as soon as the second quarter. The 21st Century Business Herald reporter asked the company for confirmation on the relevant news, but the person did not respond positively.
However, on the 8th, Sanan Optoelectronics Co.Ltd(600703) said, “Since the beginning of 2022, the company has continuously received purchase orders for mini LED chips from a single major international customer, with an amount of more than 17 million yuan, of which about 100 million yuan has been delivered from January to February 2022, and the remaining amount will be delivered to customers in March. The company has organized active production of products required by customers to meet their chip needs in March.”
In addition, the company’s filter products have been certified by international important customers’ smart phones, and the company’s filter products have been purchased through China ODM factory Sanan Optoelectronics Co.Ltd(600703) said, “the development of this business marks the official entry of the company’s filter products into the smartphone supply chain, laying a solid foundation for future product development.”
The company also said that the progress of the above matters will have a positive impact on the company in the first quarter of 2022 and lay a foundation for future business development; It will not affect the business independence of the company, nor will it form a significant dependence on the other party of the order.
According to our reporter’s previous report, Apple’s 11 inch iPad pro, 27 inch IMAC pro and redesigned MacBook Air this year will use mini LED technology.
On March 8, Sanan Optoelectronics Co.Ltd(600703) rose 1.28% to close at 25.38 yuan / share, with a total market value of 113.69 billion yuan.
two companies disclose the reduction progress
In addition to Sanan Optoelectronics Co.Ltd(600703) disclosing the progress of reducing holdings, recently Hunan Goke Microelectronics Co.Ltd(300672) ( Jushri Technologies Inc(300762) ) and China Resources Microelectronics Limited(688396) ( China Resources Microelectronics Limited(688396) ) also announced the progress of reducing holdings of large funds.
On January 10, Hunan Goke Microelectronics Co.Ltd(300672) once announced that the national large fund would reduce the company’s shares by no more than 3.64 million shares in the form of centralized bidding transaction, that is, no more than 2% of the company’s total share capital.
According to the company’s announcement on February 28, the large fund has reduced its holdings of 1.948 million shares through centralized bidding, with a reduction ratio of 1.07% and a current shareholding of 12.37%, but the reduction plan has not been completed.
For China Resources Microelectronics Limited(688396) , which began to reduce its holdings at the end of 2021, it was revealed on February 25 that the large fund reduced its holdings of 13.2 million shares of the company through centralized bidding, accounting for 1% of the total share capital of the company. After the implementation of the reduction plan, the large fund reduced its holdings and cashed out 8396 4.92%.
It is reported that the first phase of the large fund was established in September 2014. At the beginning of its establishment, it planned the time point of investment recovery. The investment plan is 15 years, which is divided into five years of investment period, recovery period and extension period. Based on the calculation of its establishment in 2014, after the five-year investment period, it will enter the payback period at the end of 2019. At present, it is the third year of the investment payback period of large funds.
Since 2021, the first phase of large funds has accelerated the pace of withdrawal. From the perspective of the pace of reduction, large funds are generally sold through centralized bidding, and will complete the reduction plan within the predetermined range.
During the orderly reduction of the first phase of the large fund, the second phase of the large fund established in 2019 took frequent actions in the year of the tiger. In 2022, 1.5 billion participated in the silicon chip leader National Silicon Industry Group Co.Ltd(688126) ( National Silicon Industry Group Co.Ltd(688126) ), 900 million IDM leader Hangzhou Silan Microelectronics Co.Ltd(600460) ( Hangzhou Silan Microelectronics Co.Ltd(600460) ), and 300 million participated in Shennan Circuits Co.Ltd(002916) ( Shennan Circuits Co.Ltd(002916) ).
Qu Yiping, an analyst at Shengang securities, pointed out that “the benign exit of the first phase of the large fund is conducive to the targeted investment of the second phase of the large fund into the weaker links in the semiconductor industry chain, so as to create a better ecology.”
