The magic spell of breaking new semiconductor shares since April has finally been ended. Based on the 28% rise on the first day of listing, tuojing technology closed up 10% again today, and once rose more than 18% in the session.
According to the statistics of Kechuang board daily, among the semiconductor companies listed on A-share market this year, tuojing technology is the only equipment company at present on the first day’s increase, tuojing technology ranked third in the semiconductor sector, with IC design enterprises chuangyao technology and xidiwei in the top two; On the first day of listing, tuojing technology is second only to chuangyao technology in terms of profit per sign. Based on the closing price of the day, the first sign can earn 10200 yuan.
april saw a total of five semiconductor companies listed, but tuojing technology did not break the first day , Changguang Huaxin, yingjixin, Fengyi technology and Weijie Chuangxin listed in the same month fell by more than 1%, 9%, 19% and 36% respectively. On the day of listing, based on the closing price, the investors lost 600 yuan, 1175 yuan, 7900 yuan and 12000 yuan respectively.
Note: the profit of each contract is calculated based on the initial price and the closing price on the first day
According to the data, tuojing technology focuses on thin film deposition equipment and process. Its core customers include Semiconductor Manufacturing International Corporation(688981) , Huahong group, Changjiang storage, Changxin storage, Xiamen Lianxin, Yandong microelectronics and other mainstream wafer factory customers at home and abroad. It has been widely used in the manufacturing line of integrated circuits with processes of 14nm and above in Chinese wafer factories, and has launched the verification test of products with processes of 10nm and below.
The company, together with Naura Technology Group Co.Ltd(002371) , shengmei Shanghai, Advanced Micro-Fabrication Equipment Inc.China(688012) , Kingsemi Co.Ltd(688037) , Huahai Qingke, is a well-known semiconductor process equipment manufacturer in China, leading the localization of dielectric film deposition equipment. The application rate of JD technology in the local market is 17%, and the application rate of JD technology in the local market is 17%; Sacvd’s competitor is applied materials, and tuojing’s market share is 25%; ALD’s main competitors are ASMI and ram research.
In 2021, the revenue of tuojing technology exceeded the threshold of US $100 million, and the revenue guideline of 2022q1 was RMB 100120 million, with a year-on-year increase of 73% – 108%.
According to the production expansion plans of major wafer factories, the production expansion is still at its peak from 2022 to 2023, and the core demand of Chinese wafer factories has transitioned from “stable production” to “solving supply chain security”, which significantly boosted the localization process of semiconductor equipment and boosted the order volume of relevant companies.
Fang Jing, an analyst at Minsheng securities, said, in March 2022, China’s wafer factories started the first centralized procurement tide since 2022 , and completed the bidding for 289 sets of equipment in a single month, exceeding the sum of the procurement quantities in January and February, mainly from the expansion of Huahong Wuxi 12 inch production line, Fujian Jinhua 12 inch memory production line and Jita characteristic process production line. In March, tuojing technology, Naura Technology Group Co.Ltd(002371) , shengmei Shanghai, Huahai Qingke, Pnc Process Systems Co.Ltd(603690) and other equipment won the bid.
However, it can not be ignored that current equipment links are plagued by material shortage. Several semiconductor equipment leaders show that the supply of parts is still limited in 2022, and the shipment volume and realized income will be more distributed in the second half of . According to theelec’s statistics, the delivery time of international mainstream semiconductor equipment manufacturers has reached more than one year in 2021, and the delivery time of some equipment is as long as two years. According to Citic Securities Company Limited(600030) ‘s industrial chain research, the delivery time of equipment continues to be extended recently.
