On June 20, the Shanghai Stock Exchange announced that will officially release the chip index of Shanghai Science and Innovation Board on June 13 this is also another major index characterizing the market of scientific innovation board after scientific innovation 50, Hunan Creator Information Technologies Co.Ltd(300730) , scientific innovation biology.
At present, 57 scientific and technological innovation enterprises in chip related industries have been listed on the science and innovation board, accounting for half of similar A-share companies. Among the top 10 companies in the total market value of Kechuang board, four are semiconductor companies.
a total of 42 stocks were selected into the sample stock of Shanghai Science and technology innovation board chip index. The top five heavyweight stocks were Semiconductor Manufacturing International Corporation(688981) , Montage Technology Co.Ltd(688008) , Advanced Micro-Fabrication Equipment Inc.China(688012) , Amlogic (Shanghai) Co.Ltd(688099) and National Silicon Industry Group Co.Ltd(688126) , with a total weight of 44%
Among them, there are 22 companies in with a total market value of more than 10 billion, and accounts for more than half. The highest market value is undoubtedly Semiconductor Manufacturing International Corporation(688981) , amounting to 339154 billion yuan, followed by Montage Technology Co.Ltd(688008) , Advanced Micro-Fabrication Equipment Inc.China(688012) , China Resources Microelectronics Limited(688396) , National Silicon Industry Group Co.Ltd(688126) .
In terms of performance, 28 companies in sample stock achieved positive growth in net profit attributable to parent company Q1, and 16 companies more than doubled. The top three growth rates were Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) (183027%), Shanghai Gentech Co.Ltd(688596) (121636%) and Leaguer (Shenzhen) Microelectronics Corp(688589) (950.61%).
Based on the closing price on May 20, there are 12 “hundred yuan shares” in the sample stock, and the stocks with higher share price include 3Peak Incorporated(688536) (539.00 yuan), Beijing Huafeng Test & Control Technology Co.Ltd(688200) (382.76 yuan), Anji Microelectronics Technology (Shanghai) Co.Ltd(688019) (292.80 yuan), Puya Semiconductor (Shanghai) Co.Ltd(688766) (224.70 yuan), etc.
high elasticity of semiconductor sector
Looking at the entire semiconductor sector, after a long period of weakness, the sector has recently reversed its decline and launched a counterattack.
On April 27, after the opening of Shenwan Semiconductor Index hit a new low in recent two years, it gradually strengthened, with a closing increase of more than 7.5% on the same day and a range increase of nearly 21% from to now
It is worth noting that the main capital of q1 semiconductor sector has turned into inflow, and the fund position remains high
Guosen Securities Co.Ltd(002736) data show that the position ratio of Q1 semiconductor fund increased by 0.24 percentage points this year, reaching a new high of 6.21%, and the excess allocation was 3.60 percentage points. Meanwhile, Huatai Securities Co.Ltd(601688) pointed out that northbound capital also favored the power semiconductor sector, mainly increased positions in Hangzhou Silan Microelectronics Co.Ltd(600460) , Starpower Semiconductor Ltd(603290) and other companies, and significantly reduced the holdings of Will Semiconductor Co.Ltd.Shanghai(603501) and other mobile phone related semiconductor manufacturers.
According to the report of Zhongtai Securities Co.Ltd(600918) may 15, among the semiconductor sectors, power semiconductor ranked first with a weekly increase of 11.7%, and the subsequent increases from high to low were equipment (10.2%), materials (9.6%), manufacturing (7.6%), design (6.8%), sealed test (5.9%), all sectors increased higher than CSI 300 and CITIC electronics, showing the high elasticity of the semiconductor sector
Analysts believe that high elasticity mainly comes from two aspects:
First, the adjustment range of early stage is deep, and the overall valuation enters the cost performance range
Second, it is the market’s good outlook for Q2 and the performance of the semiconductor industry in the second half of the year with the gradual mitigation of the impact of the epidemic, the performance of relevant companies is expected to show a trend of low before high from the perspective of the whole year, although the prosperity is differentiated, the overall supply and demand of the industry is still tight. The delivery cycle of q2 chips is generally more than 12 weeks, and it continues to extend compared with Q1, and the price also shows a general upward trend. therefore, the localization trend is expected to continue this year.
Take a closer look at all links of the industrial chain——
Among the upstream materials, the local photoresist is expected to be in large quantity, and the customer verification cycle of silicon wafer end manufacturers is accelerated;
Among the equipment, with the verification breakthrough of local equipment at key nodes, the localization rate is expected to rise further;
In wafer foundry, Semiconductor Manufacturing International Corporation(688981) , Huahong semiconductor Q1 both delivered the highest single quarter revenue in history, and both gave optimistic Q2 outlook and high-intensity capital expenditure guidelines;
As for IC design, analysts believe that the design sectors such as power, simulation and MCU are superimposed by the lack of core in the downstream and the expansion of production in the upstream wafer factory, creating a rare introduction window period.
