Market Review
This week (4.6-4.8), the electronic sector rose or fell by – 4.6%, up or down by – 3.5pct relative to the Shanghai and Shenzhen 300 index. This week, the sub sectors of the electronics industry rose or fell by – 1.93%, pcb-3.61%, semiconductor equipment – 3.70%, semiconductor materials – 3.72%, other electronic components III – 3.75%, security – 3.91%, display components – 4.42%, led-4.93%, integrated circuit – 4.95%, consumer electronics components – 4.97%, passive components – 6.31%, consumer electronics equipment – 6.41% and discrete devices – 8.60% respectively.
Industry news
Glory launched glory play6t in the 1000 yuan 5g Market
Spain plans to invest US $12.4 billion to vigorously develop semiconductors
Panel prices weakened in the second quarter, and trendforce expects panel factories to expand production reduction
Amazon, ASML, TSMC and Adi plan to jointly develop the next generation AI chip
Company news
Huahong semiconductor achieved a revenue of US $1.631 billion in 2021, a year-on-year increase of 69.6%; The net profit attributable to the parent company was US $262 million, with a year-on-year increase of 162.9%
Starpower Semiconductor Ltd(603290) 2021 achieved revenue of 1.7 billion, with a year-on-year increase of 77%; The net profit attributable to the parent company was 398 million yuan, with a year-on-year increase of 120%
The initial issue price of yingjixin is 24.23 yuan / share, and the issue date is April 8. The total amount of funds raised is expected to be 1.018 billion yuan, and the price earnings ratio of the issue is 164.30 times based on the total share capital after the issue
Hangzhou Lion Electronics Co.Ltd(605358) it is estimated that the net profit attributable to the parent company in 22q1 will be 215245 million, with a year-on-year increase of 184% – 223%
This week’s view
Under the influence of the epidemic, the production and operation of semiconductor enterprises in Shanghai has become the focus of market attention. Through industrial chain research, we analyzed the epidemic prevention measures of various manufacturers and the impact of industrial chain in detail. Overall, we can see that Shanghai semiconductor enterprises have shown strong resilience in this round of epidemic. While ensuring the normal production and operation, there is no lack of humanistic care for employees. We are firmly optimistic about the long-term development of domestic semiconductors. The correction range of semiconductor sector in the early stage is large. At present, ttm-pe is only 44 times, which is close to the level at the beginning of 19 years. It is recommended to pay active attention.
Risk warning: demand fluctuation caused by peripheral environment; The risk of the epidemic lasting longer than expected.
