Today, the semiconductor sector rose strongly, and several stocks rose by the limit. The leading gainer was power semiconductor stocks Zhuzhou Crrc Times Electric Co.Ltd(688187) , and Starpower Semiconductor Ltd(603290) in the same industry also gained 10% of the limit. In addition, Macmic Science & Technology Co.Ltd(688711) rose by more than 12% and Wuxi Nce Power Co.Ltd(605111) closed up 9.8%.
Zhuzhou Crrc Times Electric Co.Ltd(688187) 's after hours billboard data showed that the four institutions bought 142 million yuan of special seats and 399014 million yuan of special seats for Shenzhen Stock connect.
Yesterday, Zhuzhou Crrc Times Electric Co.Ltd(688187) released the first quarterly report of 2022. During the reporting period, the revenue and net profit increased by 22.29% and 31.01% respectively year-on-year Starpower Semiconductor Ltd(603290) disclosed the results of the first quarterly report after hours today, with a revenue of 542 million yuan in the reporting period, a year-on-year increase of 66.96%; The net profit was 151 million yuan, a year-on-year increase of 101.54%. Based on this calculation, its Q1 net profit increased by 14% month on month.
According to the statistics of the science and Innovation Board daily, seven A-share power semiconductor companies, including Zhuzhou Crrc Times Electric Co.Ltd(688187) , Starpower Semiconductor Ltd(603290) disclosed their first quarterly reports. The net profit of four companies increased by more than 50% year-on-year, of which the net profit of Hangzhou Lion Electronics Co.Ltd(605358) , Starpower Semiconductor Ltd(603290) doubled, and the revenue of the two companies also increased by more than 60% year-on-year
At present, the global core shortage is gradually divided, and it has become an industry consensus for semiconductors to usher in a structural market Huatai Securities Co.Ltd(601688) previously reminded investors that semiconductor forward PE has fallen to a five-year low, but under the impact of the epidemic on demand and supply chain, the performance of some companies is still uncertain.
Power semiconductors benefit from the strong demand brought by new energy vehicles and photovoltaic industry. Their related research reports have been intensively released in the near future, and multi link companies in the industrial chain have also revealed many positive signals.
Zhuzhou Crrc Times Electric Co.Ltd(688187) said in the first quarterly report that the revenue of power semiconductor devices increased by 124.99% year-on-year due to the rapid growth of new energy vehicle industry; Benefiting from the help of independent IGBT devices and the batch delivery of mass production orders, the revenue of electric drive system of new energy vehicles increased by 306.96% year-on-year.
According to DIGITIMES, Toshiba pointed out that the demand for automotive power semiconductors has increased, and its price has increased by 20-30% compared with the beginning of 2021.
On the other hand, power semiconductors for photovoltaic are still in short supply. Capital Securities previously released a report that at present, the orders in the field of Starpower Semiconductor Ltd(603290) photovoltaic are several times as many as the existing production capacity.
Downstream manufacturers, such as inverter suppliers Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) , Sungrow Power Supply Co.Ltd(300274) , Sineng Electric Co.Ltd(300827) have mentioned recently that the supply of IGBT is relatively tight, and the shortage of IGBT has affected the operation of the company. Among them, Jiangsu Goodwe Power Supply Technology Co.Ltd(688390) q1 increased revenue without increasing profit, Sungrow Power Supply Co.Ltd(300274) last year, the inverter channel layout slowed down, and the annual report also increased revenue without increasing profit.
At the beginning of 2022, Infineon, Italy France semiconductor, NXP and other large overseas power semiconductor manufacturers all expressed their expectations for the high prosperity of power semiconductor this year. The average delivery time of key devices exceeded one year, and the annual production capacity in 2022 had been fully filled.
In the case of strong demand and tight production capacity, overseas giants have carried out a new round of price increases. On February 14, Infineon took the lead in notifying downstream customers of the price increase; On March 24, STMicroelectronics announced a full line price increase in Q2, including transportation in transit and overstocked products Everbright Securities Company Limited(601788) analyst Liu Kai predicted that other manufacturers around the world will soon follow up this round of price rise, and the high-profile outlook of power semiconductor will be determined throughout the year.
