Securities code: Wingtech Technology Co.Ltd(600745) securities abbreviation: Wingtech Technology Co.Ltd(600745)
Wingtech Technology Co.Ltd(600745)
Record of investor relations activities in March 2022
No.: 202203-001
√ specific object research □ analyst meeting □ media interview □ performance presentation meeting
Category of investor relations activities
□ press conference □ roadshow activity □ on-site visit √ teleconference
(in no order)
Xingquan Fund: Chen Hongzhi, Xie Zhiyu, Yang Shijin, Zou Xin, etc; Jingshun Great Wall: Yang Ruiwen, Zhan Cheng, Cheng Zhenyu, etc; Shenwanlingxin Fund: Fu Juan, Liang Guozhu, Zhou Xiaobo, Liao mingbing, Zhu Tianli, Yang Shaohua, Xiong zheying, bu Zhonglin, Xu Hantian, etc; ABC Huili: Xing Junliang, Zhang Yan, etc; China Europe Fund: Yin Ling, Li Bo, Li Shuai, Liu Jinhui; Soochow Fund: Ding Ge, Zhou Jian, Ouyang Lijun, Xu man, etc; Hua’an Fund: Xie Lei; Huafu Fund: participating units and personnel: Zhu Chenghui, Yao Jiaojiao, Huang Lidong, Zhang Hui, pan Lu, Shen Cheng, fan Liang, Dai Hongyi and Kang Shiyun; Wells Fargo Fund: Wang Zhaoguang et al; Prudential Fund: Wang Rui, Wu Hao, Zhang Hong, Xia Mingyue, sun haozhong, Zheng Biyu, Yang Liuqing, etc; Taikang assets: Zou Zhi et al; PICC assets: sun Qiubo, Tang Qi, etc; BlackRock: Tang Hua, Zou Jiangyu, etc; GF Securities: Luan Yumin China Industrial Securities Co.Ltd(601377) : Xie Heng; Huachuang Securities: Geng Chen, Ge Xingfu, Wang Shuai, etc Guosen Securities Co.Ltd(002736) : Hu Hui Founder Securities Co.Ltd(601901) : Wu Wenji Guoyuan Securities Company Limited(000728) : Zhang Shijie; Debang Securities: Chen Haijin
Time: March 25 – March 31, 2022
Conference call location
Receptionist Gao Yu, Secretary of the board of directors, Wu Youwen, head of strategy department, and Deng Anming, director of investment and customs
1、 Introduction to the company’s recent operation
1. Semiconductor business. As the leader of vehicle specification semiconductor, ANSYS semiconductor under the company maintained a rapid growth trend in the first three quarters of 2021, and its profitability reached an all-time high. Since the fourth quarter, Ansteel has further benefited from investor relations activities, mainly the trend of doubling the demand for power devices for electric and intelligent vehicles, and continued to give full play to the advantages of vehicle specification semiconductors and continuously improve its profitability.
Content introduction
2. Product integration business. Benefiting from the company’s strategic layout and R & D investment since 2020, the company’s product integration business has undergone fundamental changes. The products are constantly developing towards diversification and high-end, expanding from mobile phones to non mobile phone businesses such as laptop, IOT, servers and automotive electronics, and continuously optimizing the customer structure, extending from the consumer field to the industrial, automotive and other fields. At present, the mobile phone ODM business is progressing smoothly, and the gross profit margin has improved year-on-year
The machine business continues to obtain new customers and orders and promote new projects in an orderly manner.
3. Optical business. Since the fourth quarter of 2021, the optical business has completed product verification, mass production and shipment, and made good progress. At present, the company’s optical business is in the state of normalized supply and speeds up the promotion of new projects. 2、 Overview of interactive links 1. What is the prospect of the company’s semiconductor business and automobile demand?
Ansteel’s shipments in the automotive industry account for nearly 50% of its revenue. At present, the demand for automobiles is very scarce. On the one hand, with the accelerated increase of the penetration rate of new energy vehicles, the consumption of single power semiconductors in electric intelligent vehicles has increased several times compared with fuel vehicles, which has promoted the accelerated growth of the industry. However, the verification of the supply side of vehicle specification semiconductors is strict. Generally speaking, it is difficult to alleviate the supply and demand in the last two or three years; On the other hand, due to the opportunity of the car gauge semiconductor track, other major leading simulation manufacturers in the world have made certain adjustments in their strategies, which makes the pattern develop in a direction more conducive to Anse, including the demand for more power and standard devices in automobile and some consumer fields. 2. How is the research and development progress of new products of Anson semiconductor?
Recently, the IGBT Series products independently designed and developed by the company have been successfully produced, and phased significant progress has been made, and all parameters meet the design requirements; The R & D center focusing on the development of analog signal conversion and power management IC was officially launched in Dallas, Texas, and plans to enter the analog markets such as power management and signal conversion.
At the same time, Anson semiconductor has also developed new products of medium and high voltage MOSFET with more than 100V; Compound semiconductors (gallium nitride, silicon carbide) are progressing smoothly. ANSYS semiconductor will strengthen and expand its product portfolio through more complex and high-power products. 3. What is anser’s future production expansion plan?
First, Newport, a British Wafer Factory acquired by the company in 2021, will further improve the production capacity and process capacity of Anse in vehicle specification products such as MOSFET, IGBT, analog and compound semiconductors, and will make a positive contribution and impact on Anse’s production capacity expansion in 2022; Second, the technological transformation and upgrading of the fabs in Manchester and Hamburg have further improved the production efficiency. Third, the company is actively communicating with outsourcing partners to appropriately increase outsourcing capacity; Fourth, the Shanghai Lingang Holdings Co.Ltd(600848) 12 inch wafer factory built by major shareholders has completed the structural capping, which will form a multiple supplement to the production capacity of Anse in the next few years. In addition, the factory is being closed and expanded. 4. How is the company’s product integration business going this year?
Benefiting from the company’s strategic layout and R & D investment since 2020, the company’s product integration business has undergone fundamental changes. It has successfully obtained the certification and introduction of more high-quality international customers in broader new fields such as tablet, laptop, IOT, server and automotive electronics, and helped the product integration business develop into a hardware traffic platform.
The mobile phone business is also progressing smoothly, and the gross profit margin has improved year-on-year; Non mobile phone businesses are also constantly obtaining new customers and orders, and promoting new projects in an orderly manner. In the past two years, we have increased our efforts to explore and made good progress in the field of new customers and new products since last year. Recently, the company also announced the business progress in computers, smart homes and other aspects with specific overseas customers. The company also carried out all-round R & D and large-scale mass production preparation for new customers and new products, laying a solid foundation for future growth.
5. How is the company’s R & D investment considered?
The company’s R & D investment is to support the company’s strategy and business layout and achieve the company’s rapid growth goal. The company’s strategy is to build a technology product company led by semiconductor innovation and based on hardware traffic platform. Among them, the semiconductor business has been developing and expanding new products since 2021, and has entered the IGBT, silicon carbide (SIC), gallium nitride (GAN) and analog IC markets to support the rapid growth of the company; Product integration business has also expanded rapidly from mobile phone business to non mobile phone business, so as to build a multi category and multi field traffic platform based on the innovation of semiconductors and components, and realize the transformation from a service-oriented company to a product-oriented company.
From the R & D expenses of the company’s merger caliber from the first to third quarters of 2021, the company also reasonably arranges R & D and production according to the needs of business layout, and there is no disorderly expansion of R & D. At present, all business segments of the company are in a period of rapid growth and are moving forward according to the established strategy. There are new breakthroughs in products and orders, all benefiting from the early R & D investment. The company believes that the company’s early R & D investment will bring the company’s business development and rapid growth, and the company will bring reasonable return on investment to shareholders.
Annex list (if any) none
Date: April 2, 2022
