Chip bull stocks, which once rose more than 4 times in 2021, suddenly collapsed in the afternoon.
At noon on January 24, Fine Made Microelectronics Group Co.Ltd(300671) released a performance forecast. It is expected to realize a net profit of 470-490 million yuan in 2021, with a year-on-year increase of 367.81% – 387.72%. After calculation, Fine Made Microelectronics Group Co.Ltd(300671) in the fourth quarter of 2021, the single quarter net profit was a loss of 15 million yuan to a profit of 05 million yuan.
As the performance in the fourth quarter was lower than expected, Fine Made Microelectronics Group Co.Ltd(300671) collapsed after the opening in the afternoon. At 13:15, the share price fell by 19.22% to close at 66.20 yuan / share, down 15.23%.
poor performance in the fourth quarter
At noon on January 24, Fine Made Microelectronics Group Co.Ltd(300671) released the performance forecast. After preliminary accounting by the company’s financial department, it is estimated that the net profit attributable to the parent company in 2021 will be 470-490 million yuan, an increase of 370-390 million yuan compared with the same period of last year (statutory disclosure data), a year-on-year increase of 367.81% – 387.72%; It is estimated that the net profit after non deduction in 2021 will be 436-456 million yuan, an increase of 351-371 million yuan, a year-on-year increase of 411.06% – 434.50%.
In the first three quarters of 2021, Fine Made Microelectronics Group Co.Ltd(300671) achieved a revenue of 1.182 billion yuan, a year-on-year increase of 130.51%; The net profit attributable to the parent company was 485 million yuan, a year-on-year increase of 687.85%. Among them, the revenue in the third quarter was 331 million yuan, a year-on-year increase of 26.44%; The net profit attributable to the parent company was 169 million yuan, a year-on-year increase of 355.24%.
According to the performance forecast of the annual report and the calculation of the third quarterly report, the net profit attributable to the parent company in the fourth quarter of 2021 was a loss of 15 million yuan to a profit of 05 million yuan.
In the performance forecast for 2021, Fine Made Microelectronics Group Co.Ltd(300671) said that due to the mass production of new products and the continuous technical iteration of main hot selling products, the company’s sales revenue and gross profit margin increased significantly compared with the same period in 2020. In order to further enhance the cohesion and enthusiasm of the team, the company launched a restricted stock incentive plan. Affected by this, the amortization expense of share based payment increased by about 32 million yuan compared with the same period in 2020. During the reporting period, the impact of non recurring profits and losses on the company’s net profit is expected to be about 34 million yuan, mainly the investment income obtained from trading financial assets and the government subsidies received by the company.
In addition, Fine Made Microelectronics Group Co.Ltd(300671) said that in 2021, the company continued to increase R & D investment in miniled display chips and fast charging series chips, and continued to expand new fields and develop new products. During the reporting period, the company invested about 180 million yuan in R & D, an increase of about 118 million yuan over the same period in 2020.
“roller coaster” market
Fine Made Microelectronics Group Co.Ltd(300671) is a chip design company, which was listed on the gem of Shenzhen Stock Exchange in 2017. At present, the company’s main business is the design, R & D, packaging, testing and sales of high-performance analog and digital analog hybrid integrated circuits. The main products include power management, LED screen control and drive, MOSFET, MCU, fast charging protocol, RFID, RF front-end and various ASIC chips, which are widely used in various terminal electronic products such as individuals, families and automobiles.
In the first half of 2021, benefiting from the strong demand of the downstream, each product line of the company showed a high outlook. In 2021, the company’s share price went out of the “roller coaster” market.
