Index
On April 27, 2022, the Shanghai Composite Index closed at 295828 points, up 2.49%; Shenzhen composite index closed at 1065290 points, up 4.37%. The consumer electronics index closed at 460268 points, up 5.58%; The semiconductor index closed at 417787 points, up 7.52%; The semiconductor materials index closed at 591290 points, down 0.50%. The companies with the top three gains in the constituent stocks of the consumer electronics index are: Zhejiang Tony Electronic Co.Ltd(603595) ( Zhejiang Tony Electronic Co.Ltd(603595) , 10.00%), Dongguan Aohai Technology Co.Ltd(002993) ( Dongguan Aohai Technology Co.Ltd(002993) , 5.20%), Shenzhen Jingquanhua Electronics Co.Ltd(002885) ( Shenzhen Jingquanhua Electronics Co.Ltd(002885) , 3.77%); Companies with the top three gains in semiconductor index components are: Unigroup Guoxin Microelectronics Co.Ltd(002049) ( Unigroup Guoxin Microelectronics Co.Ltd(002049) , 2.80%), Starpower Semiconductor Ltd(603290) ( Starpower Semiconductor Ltd(603290) , 1.89%), Yangzhou Yangjie Electronic Technology Co.Ltd(300373) ( Yangzhou Yangjie Electronic Technology Co.Ltd(300373) , 1.37%).
Industry dynamics
Sigmaintell, a market research firm, recently lowered the overall global demand for smart phones in 2022 from 1.35 billion to 1.3 billion, and it is expected that the price of embedded storage will remain stable as a whole in April. Among them, the supply and demand environment of products with specifications such as MCP, lpddr and nandflash is relatively loose, and the prices remain relatively stable. The current changes in supply and demand environment, macro environment, innovation momentum and other factors make the market have great doubts about the reasonable nature of the market expectation for the whole year of 2022. The supply price of relevant products has fallen to a relatively historically low range. It is expected that the market can recover step by step with the subsequent mitigation of the epidemic in China. （Sigmaintell）
Company dynamics
Tianjin Zhonghuan Semiconductor Co.Ltd(002129) ( Tianjin Zhonghuan Semiconductor Co.Ltd(002129) ): an announcement was issued on April 26 to change the company name from Tianjin Zhonghuan Semiconductor Co.Ltd(002129) to TCL central New Energy Technology Co., Ltd. and the securities abbreviation of the company from Tianjin Zhonghuan Semiconductor Co.Ltd(002129) to TCL central. (company announcement) Goertek Inc(002241) ( Goertek Inc(002241) ): it was announced on April 26 that the company is expected to realize a net profit of 207724 million yuan to 242344 million yuan attributable to shareholders of Listed Companies in the first half of 2022, with a year-on-year increase of 20% – 40%. Compared with the same period last year, the company’s sales revenue of vr virtual reality, intelligent game console and other products increased and its profitability improved. (company announcement)
Risk tip: the impact of epidemic spread exceeded expectations, the progress of market recovery was less than expected, and the impact of inflation exceeded expectations.
