Sichuan caizhou viewpoint
Last week, the electronics industry stopped falling and turned up, performing better than the market, and the segments rose across the board. The leading gainers are semiconductor equipment, semiconductor materials, discrete devices and other sectors, all of which are sectors with strong domestic substitution properties or high market growth expectations. At present, the epidemic situation in key areas such as Shanghai is gradually disappearing, the recovery of semiconductor, automotive electronics and other fields is expected to accelerate, and the market’s confidence in industrial growth is picking up. The current round of epidemic has had varying degrees of impact on key areas such as consumer electronics, automotive electronics, semiconductors and display panels. The early market performance has reflected the overall expected changes. At present, the epidemic prevention results in Shanghai and other places are gradually emerging. In the future, relevant key industries are expected to accelerate the recovery of the Soviet Union and the market returns to the track of positive growth.
Market performance in one week
Last week, Shenwan electronics industry rose 3.80%, the Shanghai stock index fell 2.76%, and the Shanghai Shenzhen 300 index rose 2.04%. Among the sub sectors, the panel sector rose 4.18%, other electronic III sectors rose 4.21%, and the printed circuit board sector rose 5.20%. In terms of individual stocks, the top three companies in the electronics industry are: Tech Semiconductors Co.Ltd(300046) ( Tech Semiconductors Co.Ltd(300046) . SZ, 31.14%), soling shares ( Shenzhen Soling Industrial Co.Ltd(002766) . SZ, 36.10%), and Shenzhen Huakong Seg Co.Ltd(000068) ( Shenzhen Huakong Seg Co.Ltd(000068) . SZ, 34.77%); The companies with the first three weeks of decline are: Broadex Technologies Co.Ltd(300548) ( Broadex Technologies Co.Ltd(300548) . SZ, – 31.90%), Jiangsu Nata Opto-Electronic Material Co.Ltd(300346) ( Jiangsu Nata Opto-Electronic Material Co.Ltd(300346) . SZ, – 16.57%), ST rectangle ( Shenzhen Changfang Group Co.Ltd(300301) , – 11.93%).
Industry dynamics
On May 10, the pilot work plan for the application of power exchange mode of new energy vehicles in Chongqing was released, aiming to build more than 200 power exchange stations and promote more than 10000 new energy vehicles by 2023. (Tencent. Com) according to Taiwan, China economic daily, TSMC plans to increase its wafer foundry quotation by 6% from January 2023. This price increase is the second price increase of the company in a year. (Taiwan, China. Com) recently, the General Administration of Customs released data showing that from January to April, the cumulative import volume of integrated circuits reached 186.08 billion, a year-on-year decrease of 11.4%, and the import amount reached 903.76 billion yuan, a year-on-year increase of 10%. (Sohu. Com) on May 12, IDC’s latest data showed that the shipment volume of China’s tablet computer market in the first quarter was about 6.76 million units, a year-on-year increase of 8.1%; Global Tablet PC shipments were about 39.13 million units, down 2.1% year-on-year. (international e-commerce information) according to the research data of trendforce, the global Smartphone Production in the first quarter was 310 million, with a quarterly decrease of 12.8%, which was mainly affected by the continuous adjustment of various channels’ inventory by various brands and the cyclical off-season. According to the data released by the China Automobile Association, the production and sales of new energy vehicles reached 312000 and 299000 respectively in April, with a month on month decrease of 33.0% and 38.3%, a year-on-year increase of 43.9% and 44.6%, and a market share of 25.3%. (China Automobile Association)
Company announcement
Semiconductor Manufacturing International Corporation(688981) : the company released the first quarter financial report, with a number of business indicators reaching a record high, and the revenue in the first quarter reached US $1.841.9 billion, a year-on-year increase of 67%; The gross profit reached 750.3 million US dollars, with a year-on-year increase of 200%, and the gross profit margin exceeded 40% for the first time. Ideal car: the company released the first quarter financial report, realizing a revenue of 9.56 billion yuan, a year-on-year increase of 167.5%, a gross profit of 2.16 billion yuan, a year-on-year increase of 259.9%. Ideal one delivered 31716 vehicles in the first quarter, a year-on-year increase of 152.1% National Silicon Industry Group Co.Ltd(688126) : its wholly-owned subsidiary, Finland okmetic, will invest in expanding the production scale of 200mm semiconductor characteristic silicon wafers, with an estimated investment of about 388 million euros.
Saic Motor Corporation Limited(600104) : the company announced that in April, the sales volume of complete vehicles reached 166600, including 37800 new energy vehicles, a year-on-year decrease of 25%.
Montage Technology Co.Ltd(688008) : the company released the world’s first cxltm memory expansion controller chip, which can greatly expand memory capacity and broadband to meet the needs of high-performance computing, artificial intelligence and other data intensive applications.
Guangzhou Automobile Group Co.Ltd(601238) : the company announced that the sales volume of new energy vehicles in April was 11365, with a year-on-year increase of 14.94%; From January to April, the cumulative sales volume was 64184, with a year-on-year increase of 103.99%.
Risk tips: the impact of epidemic spread exceeded expectations, the upward impact of inflation exceeded expectations, the progress of industrial recovery was less than expected, and the market competition intensified
