This week, the electronics (Shenwan) sector index rose or fell by – 4.7%, ranking 29th in the rise and fall of Shenwan industry. Track leading stocks continued to show a downward trend.
The Shenzhen electronics industry index lost to – 733.3 PCT on Friday, and the overall PE index continued to rise and fall to – 733.3 PCT on Friday. PE in the electronics industry is at the 7.5% quantile in the past five years, and the electronics industry index is at the 53.8% quantile in the past five years. The average weekly turnover rate of the industry was 1.17% last week, the lowest in nearly a year.
According to IC insights, in 2021, American companies accounted for 54% of the total sales of the global chip market (including the sum of chip sales of IDM and fabless manufacturers), while Chinese local enterprises accounted for 4%, of which IDM was the weakest, accounting for less than 1% of the global proportion. Chinese mainland China produced 37% of its chips in 2020, but only 37% of Chinese mainland enterprises produced it, and the other 63% were produced by foreign enterprises in China. In the context of anti globalization, after the US imposed a chip technology blockade on China, this week the US Treasury Department will sanction 21 entities and 13 individuals “to prevent Russia from evading sanctions and purchasing key Western technologies”. Including Mikron holdings, Russia’s largest chip manufacturer and microelectronics manufacturer and exporter. It is the only local Russian company that can produce 65 nm process on a large scale. Russia once again sounded the alarm for China, and there is an urgent need for the autonomy of the chip supply chain. It is recommended to pay attention to the targets benefiting from the localization process, including comprehensive semiconductor equipment suppliers: Naura Technology Group Co.Ltd(002371) , semiconductor material supply platform: Grinm Advanced Materials Co.Ltd(600206) , and power semiconductor IDM suppliers with small process constraints and broad domestic substitution space: Hangzhou Silan Microelectronics Co.Ltd(600460) , Wingtech Technology Co.Ltd(600745) .
Focus on suggestions: it’s the leader of a high boom industry, the leader of a high boom industry, the leader of a high boom industry, the leader of a high boom industry, and the targets of performance growth: Caihong Display Devices Co.Ltd(600707) 03 \ , Gigadevice Semiconductor (Beijing) Inc(603986) , Shenzhen Kinwong Electronic Co.Ltd(603228) , etc.
Risk warning: risk of deterioration of the international situation, unexpected epidemic development and liquidity risk
