The electronics industry index rose or fell this week: as of May 20, 2022, Shenwan electronics industry rose 4.38% this week, outperforming the Shanghai and Shenzhen 300 index by 2.15 percentage points, ranking fifth among the 31 Shenwan industries; Shenwan electronics sector rose 8.34% in May 2022, outperforming the CSI 300 index by 6.81 percentage points; Shenwan electronics sector fell by 30.48% in 2022, underperforming the CSI 300 index by 13.01 percentage points.
The secondary sub sectors of the electronics industry rose and fell this week: as of May 20, 2022, all six secondary sub sectors of Shenwan electronics sector rose this week, from high to low: SW semiconductor (5.20%), SW other electronics (4.63%), SW consumer electronics (4.39%), SW optical Optoelectronics (3.70%), SW electronic chemicals (3.37%) and SW components (3.27%).
Some news and company news this week: (1) organization: only 17.5 million pieces of laptop panels were shipped in April, a year-on-year decrease of 21.5%; (2) Organization: China’s mobile phone sales fell for 10 consecutive weeks, and the sales of major brands outside glory fell year-on-year; (3) The second quarter of Nikkei news: oppo has cut down the number of suppliers; the second quarter of Nikkei news: oppo has cut down the number of suppliers; (4) Apple reportedly increased production by 10 million iphone13pro in the second quarter; (6) Canalys: in the first quarter of 2022, global smartphone shipments fell by 11% year-on-year; (7) Renesas Electronics will invest nearly 90 billion yen to increase power semiconductors; (8) Nikkei news: TSMC warned customers that it would raise prices again at the beginning of next year; (9) ICT Institute: in March, the overall shipment volume of China’s mobile phone market was 21.5 million, a year-on-year decrease of 40.5%; (10) Shenzhen Kaifa Technology Co.Ltd(000021) : Hefei storage advanced packaging and testing and module manufacturing project invested by non-public offering is expected to be fully put into production from the end of 2023 to the beginning of 2024; (11) Comprehensive cooperation agreement signed with Huawei: ; (12) Xiaomi group’s adjusted net profit in the first quarter was 2.86 billion yuan, a year-on-year decrease of 52.9%; (14) Changsha Jingjia Microelectronics Co.Ltd(300474) : the second graphics processing chip of jm9 series of the company has completed the stage of streaming and packaging; (15) Lingyi Itech (Guangdong) Company(002600) : it is proposed to invest about 13 billion yuan in new projects and new energy structure projects; (16) Wuhu Token Sciences Co.Ltd(300088) : the company provides meta with the latest vrquest2 display module; (18) Wuxi Nce Power Co.Ltd(605111) : the application for non-public offering of A-Shares was approved by the CSRC.
Weekly view of the electronics industry: judging from the performance of the 2021 annual report and the first quarterly report of 2022, the prosperity of China’s electronics industry in 22q1 is divided. On the one hand, the prosperity of laptops, LCD panels and driver ICs that previously benefited from the epidemic is depressed, and the shipment of mobile phones / PCS is down year-on-year; On the other hand, the domestic alternative main line represented by semiconductor equipment and materials has maintained a high boom, while automotive electronics and AR / VR have become the main driving forces of industry innovation. It is suggested to pay attention to the high-profile segments of the electronics industry, such as power semiconductors, semiconductor equipment / materials, analog chips, automotive electronics and AR / VR.
Risk tip: downstream demand is not as expected, industry competition intensifies, etc.
