Under the strong demand of core shortage and new energy, the performance of power semiconductor sector doubled in 2021. Power semiconductor companies that have published the annual performance express for 2021 have more than doubled their performance growth. Among them, the year-on-year growth of the net profit of Dongwei semi guide and Jilin Sino-Microelectronics Co.Ltd(600360) parent company was the fastest, reaching 429.12% and 222.17% respectively. In addition, Starpower Semiconductor Ltd(603290) , Macmic Science & Technology Co.Ltd(688711) and Wuxi Nce Power Co.Ltd(605111) realized net profit attributable to parent company of 398 million yuan, 64 million yuan and 410 million yuan respectively in 2021, with year-on-year growth of 120.54%, 139.62% and 194.55%.
Affected by the downstream prosperity, 2021q4 is differentiated month on month. In 2021q4, the demand for consumer and low-end industries has slowed down, the demand for photovoltaic and new energy vehicles continues to be strong, and the companies with a large proportion of new energy in the downstream field still maintain a relatively high positive growth month on month. The net profits of and 1.7 billion yuan and 1.7 billion yuan, respectively, increased by .
Looking to the future, we believe that the power sector is still expected to continue high growth in 2022. With the gradual release of OEM capacity of power production lines such as Huahong, Jita and SMIC Shaoxing, the performance of power semiconductor sector is still expected to maintain a high growth rate in 2022 under the strong demand in the fields of photovoltaic, wind power, new energy vehicles and charging piles. Industry leaders who have been deeply cultivated in high-end fields such as IGBT and super junction MOS for many years and have the first mover advantage are expected to benefit from the increase in market share brought by the rapid release of production capacity.
The market of electronic sector is weaker than the market
From March 7 to March 11, the Shanghai stock index fell 4.00%, and CITIC electronics fell 4.09%, underperforming the market by 0.09 percentage points. Year to date, the Shanghai index fell 9.07%, CITIC electronics fell 19.10%, underperforming the market by 10.03 percentage points.
Increase in electronic industry segments
From March 7 to March 11, discrete devices in the electronic segment industry rose by 2.78%, semiconductor materials rose by 0.66%, semiconductor equipment rose by 0.35%, and the rest fell this week. Year to date, the electronic industry segments are falling.
Rise and fall of individual stocks: A shares
From March 7 to March 11, the top five companies in the electronics industry were Fuman electronics, Wuhan Dr Laser Technology Corp.Ltd(300776) , National Silicon Industry Group Co.Ltd(688126) -u, Yangzhou Yangjie Electronic Technology Co.Ltd(300373) and Shanghai Fudan Microelectronics Group Co.Ltd(688385) , up 13.94%, 10.04%, 9.61%, 8.78% and 8.07% respectively; 35.
Investment advice
It is recommended to pay attention to Starpower Semiconductor Ltd(603290) , Macmic Science & Technology Co.Ltd(688711) , Hangzhou Silan Microelectronics Co.Ltd(600460) , Zhuzhou Crrc Times Electric Co.Ltd(688187) , Wuxi Nce Power Co.Ltd(605111) , Dongwei semiconductor, Yangzhou Yangjie Electronic Technology Co.Ltd(300373) , Jiangsu Jiejie Microelectronics Co.Ltd(300623) , Wingtech Technology Co.Ltd(600745) , saijing technology, etc.
Risk tips
The downstream demand slowed down, the capacity expansion of OEM was less than expected, and the market competition intensified
