Core view
CPU design company Guoxin technology is listed on the science and innovation board. On January 6, the embedded CPU design company Suzhou Guoxin Technology Co., Ltd. (hereinafter referred to as “Guoxin technology”) was listed on the science and Innovation Board at the issue price of 41.98 yuan. Its main business is to provide independent cpuip authorization, chip customization services and independent chip and module products. It is committed to realizing the localization substitution of embedded CPU and chip, authorizing cpuip core for more than 140 times, and improving its profitability in the absence of core.
Chinese companies are overweight, and Xiaomi, Lenovo, Shenzhen Inovance Technology Co.Ltd(300124) and others take shares in semiconductor chips. Jita semiconductor added 16 shareholders including Hubei Xiaomi Changjiang industry fund partnership (limited partnership) and Shenzhen Inovance Technology Co.Ltd(300124) . Lenovo shares in chip manufacturing and EDA enterprises. At present, China’s top technology enterprises generally carry out in-depth and cross-border layout. Most enterprises have gradually realized that only by realizing “chip freedom” in electronic related fields such as the Internet, household appliances and automobiles can they remain in the first camp in the next 10 years.
The chief designer of Apple’s M1 chip returned to Intel. Jeff Wilcox, former director of MAC system architecture of apple, has been responsible for leading MAC system architecture, signal integrity and power integrity in the past eight years, and played an important role in Apple’s transition to using its own chip applesilicon. In 2020, apple abandoned Intel, and its M1 chip attracted more attention. The iPad pro2021 was also equipped with a Mac chip for the first time, focusing on the concept of “tablet instead of computer”. Whether Mac and pad can continue to use self-developed chips in the future, and whether M2 chip can be launched on schedule is still worthy of attention.
The electronics market is weaker than the market
From January 3 to January 7, the Shanghai index fell 1.65%, and CITIC electronics fell 5.66%, 4.01 percentage points lower than the market. Year to date, the Shanghai index rose 3.07%, CITIC electronics rose 10.57%, outperforming the market by 7.50 percentage points. From January 3 to January 7, the Philadelphia Semiconductor Index fell 3.80%.
From January 3 to January 7, only the panel sector in the electronic segment rose by 2.00%, and the other sectors were falling. Among them, semiconductor equipment, passive components, semiconductors, discrete devices and integrated circuits fell the most, down 12.5%, 8.47%, 7.52%, 7.38% and 7.16% respectively.
Individual stocks up and down: A shares
From January 3 to January 7, the top five companies in the electronics industry were Shenzhen Absen Optoelectronic Co.Ltd(300389) , Shenzhen Xunjiexing Technology Corp.Ltd(688655) , Shenzhen Av-Display Co.Ltd(300939) , Shanghai Huaming Intelligent Terminal Equipment Co.Ltd(300462) and Shen Zhen Australis Electronic Technology Co.Ltd(300940) , up 39.11%, 24.02%, 20.53%, 16.82% and 13.59% respectively; The companies with the top five declines were Leaguer (Shenzhen) Microelectronics Corp(688589) , Hunan Goke Microelectronics Co.Ltd(300672) , Ingenic Semiconductor Co.Ltd(300223) , Nantong Jianghai Capacitor Co.Ltd(002484) and Naura Technology Group Co.Ltd(002371) , down 22.42%, 19.02%, 17.91%, 15.81% and 15.47% respectively.
Investment advice
It is recommended to pay attention to Sanan Optoelectronics Co.Ltd(600703) , Starpower Semiconductor Ltd(603290) , Macmic Science & Technology Co.Ltd(688711) , Guoxin technology, Konfoong Materials International Co.Ltd(300666) , Aojie technology, China Resources Microelectronics Limited(688396) , Hangzhou Silan Microelectronics Co.Ltd(600460) , etc.
Risk tips
Technology development is less than expected and there is a risk of overcapacity.
