Chip out of stock, “up” sound continued, and the performance of A-share semiconductor listed companies burst.
On the evening of January 21, Hangzhou Silan Microelectronics Co.Ltd(600460) and Advanced Micro-Fabrication Equipment Inc.China(688012) disclosed the performance forecast for 2021. The former expects the net profit attributable to the parent company to increase by 1.45-1.464 billion yuan, a year-on-year increase of 2145% – 2165%; The latter is expected to deduct non net profit by RMB 257 million-307 million, with a year-on-year increase of 1100.72% – 1315.13%.
Industry insiders believe that the shortage of chips has been alleviated to a certain extent, but individual products and hoarding will continue the shortage for some time. In 2022, it is expected that the semiconductor industry chain such as manufacturing, packaging, equipment and materials will still maintain a high boom, but the design link is expected to be divided.
Hangzhou Silan Microelectronics Co.Ltd(600460) : the comprehensive gross profit margin was significantly improved
Hangzhou Silan Microelectronics Co.Ltd(600460) is a large local IDM manufacturer, deeply ploughing the main track of power devices – IGBT and MOSFET, and actively laying out power management chips, MEMS sensors and other categories.
Hangzhou Silan Microelectronics Co.Ltd(600460) said that in 2021, the company basically completed the production capacity construction goal set at the beginning of the year, and its products continued to make breakthroughs in high threshold markets such as white power, communication, industry, photovoltaic and new energy vehicles; The operating revenue of power management chip, MEMS sensor, IPM (intelligent power module), MOSFET, IGBT, SBD, TVs, FRD, led and other products has increased significantly, the product structure has been continuously optimized, and the comprehensive gross profit margin of products has been significantly improved.
In 2021, Hangzhou Silan Microelectronics Co.Ltd(600460) holding subsidiary Shilan Jixin 8-inch line basically maintained full production and realized annual profit; The company’s holding subsidiary Shilan Mingxin LED chip production line achieved full production, high yield and annual profit. The two subsidiaries are still in a state of loss in the first half of 2021.
After deducting non recurring profits and losses, Hangzhou Silan Microelectronics Co.Ltd(600460) it is expected that the profit will increase by 936 million-949 million yuan in 2021, while the company will lose 23.51 million yuan in 2020.
The quarterly performance of Hangzhou Silan Microelectronics Co.Ltd(600460) maintained growth. According to the calculation, Hangzhou Silan Microelectronics Co.Ltd(600460) in the fourth quarter of 2021, the profit is expected to be RMB 790 million-804 million, with a month on month increase of 166% – 171%.
The data show that among the A-share semiconductor companies that have issued performance forecasts, the current Hangzhou Silan Microelectronics Co.Ltd(600460) performance growth ranks first. Previously, the fastest growing performance of the sector was Dongxin Co., Ltd., which is expected to realize a net profit of about 225-240 million yuan in 2021, with a year-on-year increase of 1052% – 1129%.
In 2021, Hangzhou Silan Microelectronics Co.Ltd(600460) introduced the first phase of national large fund by issuing all shares to purchase assets, and the share payment consideration was 1.122 billion yuan. By the end of the third quarter of 2021, the national large fund phase I held Hangzhou Silan Microelectronics Co.Ltd(600460) 82.35 million shares, accounting for 5.82%, and was the second largest shareholder of the company.
In 2021, under the “global core shortage tide”, the company’s share price increased by 117%.
Advanced Micro-Fabrication Equipment Inc.China(688012) : the amount of newly signed orders exceeds 4 billion yuan
China’s etching equipment leader Advanced Micro-Fabrication Equipment Inc.China(688012) , with an estimated operating revenue of 3.108 billion yuan in 2021, a year-on-year increase of 36.73%; The net profit attributable to the parent company is expected to be RMB 950 million-1.03 billion, with a year-on-year increase of 93.01% – 109.26%. In 2021, the amount of new orders signed by the company was 4.13 billion yuan, a year-on-year increase of about 90.5%.
In terms of the above performance, Advanced Micro-Fabrication Equipment Inc.China(688012) said that benefiting from the development of semiconductor equipment market and the competitive advantages of the company’s products, the revenue of etching equipment in 2021 was RMB 2.004 billion, with a year-on-year increase of about 55.44% and a gross profit margin of 44.4%; Due to the downstream market and the unrecognized revenue of the newly signed Mini led MOCVD equipment scale orders in 2021, the MOCVD equipment revenue in 2021 was 503 million yuan, with a year-on-year increase of about 1.5%, but the gross profit margin of MOCVD equipment reached 33.1%, significantly higher than 18.7% in 2020.
In 2021, the share price of Advanced Micro-Fabrication Equipment Inc.China(688012) fell by 19.66% in the whole year. Since the high point in early August 2021, as of the closing on January 21, 2022, the company’s share price has almost “halved”, with a cumulative decline of 47.08%. In contrast, although semiconductor equipment companies such as Naura Technology Group Co.Ltd(002371) , Shanghai Wanye Enterprises Co.Ltd(600641) , Hangzhou Chang Chuan Technology Co.Ltd(300604) have also experienced stock price correction recently, their increase in 2021 is not low, rising 92.06%, 65.79% and 263.02% respectively.
As one of the first listed companies on the science and innovation board, Advanced Micro-Fabrication Equipment Inc.China(688012) was greatly sought after by the market in about one year after listing, and the company’s share price soared nearly nine times. On July 14, 2020, the company’s share price hit a new high – 298 yuan / share, more than 10 times the issue price (29.01 yuan / share).
However, after that, under the influence of multiple factors such as lifting the ban and fixed growth, Advanced Micro-Fabrication Equipment Inc.China(688012) share price fell sharply. It is worth mentioning that in the fixed increase of 8.2 billion yuan completed in Advanced Micro-Fabrication Equipment Inc.China(688012) 2021, it was supported by the second phase of the national large fund, and it claimed a share of about 2.5 billion yuan.
