Index:
On April 12, 2022, the Shanghai Composite Index closed at 321333 points, up 1.46%; Shenzhen composite index closed at 1175638 points, up 2.05%. The semiconductor index closed at 454969 points, up 1.25%; The Internet of things index closed at 169349 points, up 1.99%; The consumer electronics index closed at 488518 points, up 1.67%. The top three companies in the consumer electronics industry are: Gome Telecom Equipment Co.Ltd(600898) ( Gome Telecom Equipment Co.Ltd(600898) , 4.96%), Yingtong Telecommunication Co.Ltd(002861) ( Yingtong Telecommunication Co.Ltd(002861) , 3.00%), Jinlong Machinery & Electronic Co.Ltd(300032) ( Jinlong Machinery & Electronic Co.Ltd(300032) , 2.54%).
Comments:
Recently, Taiwan media “Economic Daily” reported that several wafer foundry manufacturers said they would not raise the OEM price of mature processes in the short term, which brought to an end the upward trend of quotations for six consecutive quarters since the end of 2020. The suspension of price rise in this round is mainly affected by the spread of the epidemic to the weak demand side of consumer electronics, resulting in the phased weakening of the demand for upstream electronic components such as display drive IC and PMIC. Inventory elimination and capacity loosening have become suitable choices for manufacturers significantly affected by the epidemic.
Company dynamics:
Weijie Chuangxin (688153): on April 10, the company announced that the A-share shares of Weijie Chuangxin (Tianjin) Electronic Technology Co., Ltd. will be listed and traded on the scientific innovation board of the Institute. The company’s A-share capital is 40008 million shares, of which 3053929100 shares have been listed and traded since April 12, 2022. (company announcement)
Risk tips: the impact of the epidemic spread exceeded expectations, the range of product innovation was less than expected, and the macroeconomic environmental variables increased.
