Core view of this week: the electronics industry index rose by 0.54% this week. Of the 350 targets, 241 rose throughout the week, 117 rose more than 3 points per week, 53 rose more than 5 points per week, 21 rose more than 10 points per week, 104 fell throughout the week, 36 fell more than 3 points per week, and 14 fell more than 5 points per week.
This week is the first week of 2022. First of all, I wish all investors a happy new year and a wide range of wealth. The market was relatively thin before last week’s festival. Some electronic white horse signs such as Wen Tai, Lan Si and Siyi were adjusted at the beginning of the week because of the adjustment of institutional practices at the end of the year, but the effect gradually slowed down after the 30. This pre adjustment need not be overly concerned. It is believed that after the festival, it will gradually recover, and the industry will still maintain the “recommended” rating.
Looking back on 2021, the semiconductor industry has ushered in a prosperous year in which production capacity is in short supply, which is rare in recent years. Under the background of the unresolved Sino US trade conflict, the war from IC design to manufacturing process is also tense. After Huawei was completely blocked by the U.S. Department of Commerce, many factors such as the outbreak of the epidemic were superimposed, resulting in sharp twists and turns and changes in the market conditions of consumer terminals, communication applications and related chips throughout the year. Although the adjusted production capacity of many wafer factories in Q3 ~ Q4 has slowed down, the supply and demand of mature semiconductor processes are still highly tight in 2022, especially the 8-inch factories still have no room to alleviate. Generally speaking, the demand for B2B chips is still strong, and the original factories still have room for price increase in the first quarter of 2022, including power management chips, Netcom chips and industrial control / vehicle microcontrollers, The performance of the target in the corresponding field in the first quarter under low expectations may exceed expectations.
The epidemic situation in Xi’an is the top priority of the current market. With the gradual expansion of the city closure effect, if the city closure lasts for years, it may affect the smooth logistics and manpower allocation of the local electronic supply chain. Samsung Electronics Xi’an’s memory factory is the most affected in the industry. At present, Xi’an factory shoulders about 40% of Samsung’s nandflash output. Therefore, if Samsung adjusts the production line of Xi’an nandflash factory due to the epidemic, it is worth paying attention to whether it will have an impact on the global NAND price in the future.
Industry focus: Ji wechat news, on December 31, according to digitimesresearch research research and statistics, the global smartphone shipments in the second half of 2021 totaled less than 700 million, and the annual shipments were about 1.32 billion, with an annual increase of only 6.1%.
In the first quarter, the wafer foundry end plans to comprehensively increase the price again, with an increase of about 5-10%; Over the past year, the average growth rate of wafer end has been at least 20%. It is expected that the price will return to stable after the second quarter of 2022.
On December 31, Huawei released the latest financial report data, and its fourth quarter revenue fell 19% to 178.2 billion yuan; In 2021, the annual revenue decreased by 28.9% year-on-year to RMB 634 billion.
Key stocks and logic recommended this week: the targets of our key stock pool include: Zhuhai Cosmx Battery Co.Ltd(688772) , Shenzhen Desay Battery Technology Co.Ltd(000049) , Lens Technology Co.Ltd(300433) , Wingtech Technology Co.Ltd(600745) , Ningbo Kangqiang Electronics Co.Ltd(002119) , Tdg Holding Co.Ltd(600330) , Sunwoda Electronic Co.Ltd(300207) , Shenzhen Fastprint Circuit Tech Co.Ltd(002436) , Dbg Technology Co.Ltd(300735) , Bomin Electronics Co.Ltd(603936) , Bozhon Precision Industry Technology Co.Ltd(688097) , Sihui Fuji Electronics Technology Co.Ltd(300852) .
Risk tips: (1) systemic risk caused by the unexpected decline of the market; (2) Focus on the uncertainty risk of promoting relevant matters of the company.
