In the afternoon of today (April 14), the chip sector continued to strengthen, Naura Technology Group Co.Ltd(002371) , Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) led the rise. As of the close of trading, Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) rose by the limit, Naura Technology Group Co.Ltd(002371) rose by 8.37%, and shengmei Shanghai, Tianyue advanced, Fine Made Microelectronics Group Co.Ltd(300671) , Ninestar Corporation(002180) , Starpower Semiconductor Ltd(603290) , etc. rose by more than 6%.
On the news front, Naura Technology Group Co.Ltd(002371) , Jiangyin Jianghua Microelectronics Materials Co.Ltd(603078) both issued Q1 pre increase announcements after yesterday’s trading hours, and both expected Q1 net profit to more than double. In addition, Naura Technology Group Co.Ltd(002371) released performance express, with a year-on-year increase in 2021 revenue of 60% and a year-on-year increase in non net profit of 309%.
According to the statistics of the Journal of science and innovation, according to the statistics of the daily report, according to the statistics from the daily newspaper, the , Shanghai Fudan Microelectronics Group Co.Ltd(688385) , Gigadevice Semiconductor (Beijing) Inc(603986) , the net profit also more than doubled year-on-year
However, Huatai Securities Co.Ltd(601688) analyst Huang Leping said bluntly, affected by the lack of core, the growth rate of Q1 revenue of the equipment industry this year has slowed down. Whether it can recover in the second half of the year depends on whether the OEM enterprises will slow down the progress of production expansion . It is expected that the stock price of the semiconductor industry will still be under pressure in the next month.
▍ boom differentiation or normal in the second half
at present, the extension of delivery date has spread to the whole industrial chain . Many sources said that semiconductor equipment manufacturers such as applied materials, Kelei, Colin and ASML all reminded that some semiconductor equipment must wait up to 18 months; British chip design company suggested that the delivery date of chip packaging has been extended to 50 weeks; In March, the chip delivery time set a new record again. According to a supply chain source, the average delivery time of medium and high-end MCU products such as vehicle / industrial control is more than 30 weeks, up to 52 weeks.
Another worrying news is that due to the sluggish demand for downstream consumer electronics, the news of cutting orders in the supply chain comes from time to time, and the demand for relevant chips decreases . According to the survey of Fubang investment consulting, MediaTek has slightly revised down the annual mobile phone chip shipment to 570600 million groups due to the continuous downward repair and shipment targets of Chinese mobile phone manufacturers and the simultaneous reduction of orders for parts and components.
In this context, industry boom differentiation or normal in the second half . So which areas have more potential?
TSMC Q1’s revenue from high-performance computing and automotive electronics business increased by more than 25% month on month, far ahead of other businesses. Wei Zhejia, CEO of the company, said that the demand for consumer electronics terminals such as smartphones and PCs was indeed weak, but the demand in other fields such as MCU and power management chips remained strong Ingenic Semiconductor Co.Ltd(300223) also said during the investigation by the agency that it is expected that there may be great competitive pressure and certain market changes in the consumer market in 2022, and the industrial market is expected to maintain good market demand.
According to the recent research report of China Merchants Securities Co.Ltd(600999) analyst Yan fan, in terms of products, the sales volume of traditional 3C is poor, and the demand for semiconductors such as new energy vehicles / servers is still booming; From the perspective of industrial chain, the boom of equipment and materials continues, and the growth of design links slows down Guosen Securities Co.Ltd(002736) analyst Hu Jian believes that the high base in 2021 will bring obvious pressure on the growth rate in 2022 month by month, and the vehicle specification semiconductor sector has a high boom. It is suggested to pay attention to companies with high boom or expected performance.
