According to the micro-network news, IC Silicon Plant, a driver IC manufacturer, was affected by customer inventories in the first quarter of this year, with consolidated revenue of RMB 2.075 billion, an annual growth rate of less than 2%, and single-quarter revenue only slightly higher than the same period of last year.
In the first quarter, the relevant supply chain of China's mobile phone brands generally felt that customers were still in the inventory phase, and the situation of pulling goods was flat.
In the second quarter, as customers are actively pulling goods, the industry is optimistic that the silicon-driven ICs and sensor shipments will all grow faster than the first quarter. Shipments are expected to increase gradually, and the results will also follow up.
Looking ahead to the second quarter of operations, the industry indicated that the current level of downstream customer inventory has dropped to a relatively low point, and the overall supply chain will start to be used for this year's new aircraft layout. Based on the industry and downstream relationships, it is expected that Sisung et al. The IC plant will start shipments in volume in April. The industry is optimistic that Silicon Venture's combined revenue in the second quarter will have a better chance than in the same period of last year. Silicon Silicone did not comment on this.
Silicontronics mainly uses zero-capacitance driver ICs as the main shipment. This year, smart phone driver IC shipments will be expected to be better than last year. SiliconCreation's layout of smart phone product lines is gradually complete, supporting 18: 9 FHD and 18: 9 touch. Control panel driver ICs have been successively certified. The industry expects that silicon will reach 120 million smart phone driver ICs in 2018. Shipments will grow by more than 30.0% annually.
In addition, due to the recovery of demand for feature phone, the Silicon 2nd quarter battalion movement started, single-quarter revenue challenged double-digit growth, and the industry expects full-year panel-driven IC shipments to maintain a level of over 500 million units.
After last year's mobile phone inventory adjustment and panel size conversion, feature phone operations gradually recovered in the second quarter. In particular, new feature phone has been connected to the current mainstream 4G network, including Indian telecom operator Reliance Jio launched cheap but powerful features Mobile phones, popular with Indian consumers.
According to statistics from counterpoint research firm Counterpoint Research, global functional mobile phone shipments rose by 5% to 450 million units in 2017. The outlook is optimistic in 2018. With wearable devices and IoT applications, 4G children's watches will reach 60 million in one year. Branch. Silicon's second-quarter operation began to heat up. Shipments are expected to increase month by month. Single-quarter revenues will challenge double-digit growth.
2. Domestic mobile phone parts procurement rebound 'Winter' may end
Recently, the bad news in the Chinese mobile phone market has continued. After the first annual decline in 2017, official statistics showed that in the first quarter of this year, China's smart phone market experienced a sharp drop of a quarter, so the decline was unprecedented. However, according to the latest news from Taiwan media, the downturn in China's mobile phone market may be eased. Huawei, Xiaomi and other first-line mobile phone manufacturers have recently increased the procurement of chips and other spare parts.
According to the China Institute of Information and Communication Technology, the Chinese smartphone market contracted by about a quarter in the first quarter. Consistent with the sharp fall, domestic mobile phone brands have experienced one after another unfavorable news, such as LeTV, Meizu, Jinli. Companies such as large-scale layoffs, loss of executives, closure of production lines, debt crisis news.
The Taiwan region of China is one of the world’s most important mobile phone parts supply bases. The Taiwanese supply chain has captured some of the first signs of the global mobile phone market. According to a report from the Taiwan’s e-Times website citing the industry’s sources, since March, Chinese mobile phone manufacturers have The chip orders began to rise significantly, and the rising kinetic energy may continue until May.
According to reports, China's mobile phone manufacturers that have significantly increased the procurement of chip parts include Huawei, Xiaomi, OPPO, Vivo, Meizu, etc.
According to sources, there are multiple reasons leading to large-scale procurement of parts by Chinese mobile phone manufacturers. In addition to their own product plans, they also depend on the status of competitors Apple Inc.
A large number of suppliers in the Taiwan region also provide parts for Apple. It is reported that Apple Taiwanese suppliers’ second-quarter performance forecasts are sluggish. In addition, the current production of Apple’s mobile phone production and inventory is limited, which affects the supply chain. In addition, each year The first half of the year is an off-season period for Apple Inc. and its suppliers. Apple will generally release new handsets at its fall conference in September. Therefore, production and procurement in the second quarter will be in a downturn.
Therefore, taking advantage of the decline in the size of Apple's purchases, Chinese mobile phone manufacturers have begun to step up procurement and stocking. This will prevent future Apple's large-scale orders from causing the supply chain supply capacity to become tense.
The smart phone's chip components cover a wide range of applications, including application processors, baseband processors, memory chips, flash memory chips, and other camera chips.
MediaTek is an important supplier of mobile phone processors in China. According to reports, in March, MediaTek’s operating revenue has created a new high in four months. MediaTek said that the problem of excessive inventory in China’s mobile phone manufacturers’ supply chain has been basically solved.
Touchscreen chip supplier Focaltech's revenue in March also set a new record. Sources said that this indicator also proves that China's mobile phone manufacturers' chip procurement began to rebound.
The quarterly market slump in the first quarter of this year may not be the norm in China's smart phone market. In March, domestic mobile phone manufacturers scrambled to hold a press conference and launched various new products that will be listed on Apple's new mobile phones. Large-scale sales within the previous two quarters, snatching consumers' wallets.
Sources said that in order to compete for share, Chinese mobile phone manufacturers are currently very competitive, they further improve the product cost-effective. In addition, some mobile phone manufacturers intend to release new mobile phones in the second half, imitating Apple's launch of three-dimensional recognition and facial recognition.
However, Taiwan’s media also reported previously that artificial intelligence has become a hot spot for Chinese mobile phone manufacturers to pursue. The three-dimensional recognition and face recognition launched in Apple’s iPhone X have not been widely recognized by consumers (there are consumers who believe that the user experience is not as good as it used to be. Fingerprint recognition), so Chinese mobile phone manufacturers will not be widely promoted, and the current cost of 3D identification module is still too high (up to a few hundred RMB), and has not yet reached the conditions for mass popularization.
Sources in the supply chain said that although the chip purchases of Chinese mobile phone manufacturers have rebounded, considering the gradual saturation of the mobile phone market, it is not known whether the current purchasing power can be maintained after Labor Day.
Recent related reports show that the sharp shrinkage of the domestic mobile phone market is further aggravating industry concentration. Huawei, Xiaomi, OPPO, Vivo and Apple have become China's top five mobile phone giants, accounting for about 80% of the market share, while other marginalized mobile phone manufacturers have marketed. The share is getting weaker and weaker, even to the point where it is almost negligible. Samsung Electronics’ share in China has also dropped below 1%. Tencent Technology
3. The new iPhone may support dual-card dual standby The supply chain is expected to grow strongly from the fourth quarter
KGI’s latest report expects that the new 6.1-inch LCD iPhone in the second half of this year may have dual SIM dual standby (DSDS: with two physical SIM card slots, not eSIM support) and single SIM. Therefore, the minimum selling price may be between 550 and 650 US dollars, which is favorable for the shipment of kinetic energy. Therefore, the relevant supply chain kinetic energy is positively viewed.
In the new iPhone (including 6.5-inch OLED, 5.8-inch OLED and 6.1-inch LCD) new product lifecycle (shipment time 3Q18-3Q19) in the second half of 2018, KGI estimates that the 6.1-inch LCD iPhone will be shipped. The proportion of up to about 65 ~ 75%, shipments of about 1 ~ 120 million units.
If the 6.1-inch LCD iPhone may have dual-card dual-standby and single-card models, it will have two benefits. Among them, it can create more price ranges and significantly increase the shipping kinetic energy through low-cost single-card models. For example, Dual card dual standby price of 650 ~ 750 US dollars, single card price of 550 ~ 650 US dollars, In addition, dual card dual standby will help improve the market share of China and the commercial market.
The 6.1-inch LCD iPhone is expected to be late for filing and temporarily add dual-card dual standby. Therefore, the production time is about three to five weeks later than the OLED version. Therefore, the performance of the relevant supply chain can not start until September at the fastest. Contributed. However, as the dual-card dual-standby and low-cost is expected to significantly increase the sales momentum, KGI expects the related supply chain's performance from the 4th quarter of 2018 to the second quarter of 2019 to be expected to have strong year-on-year growth.
In addition, KGI’s investment adviser believes that 5.8-inch OLED models are less expensive because they have fewer screens and are more expensive than LCD versions, and do not support DSD (6.5-inch OLEDs and 6.1-inch LCDs all support DSDS), making it difficult to attract consumers. Therefore, This model has a risk of repair. Because 6.5-inch OLED is more expensive, therefore, 6.1-inch LCD iPhone will account for most of the new iPhone shipments in the second half of the year.
On the OEM side, the new 6.1-inch LCD version of the iPhone was assembled in the second half of 2018, divided into Heshuo, Hon Hai and Wistron respectively. The orders of the three major foundries were 60%, 30%, and 10%, respectively.
Guo Minghao previously stated that the 6.1-inch LCD iPhone has strong demand. In order to reduce the supply risk, Heshuo, Hon Hai and Wistron support the assembly orders for this model at the same time. Among them, Heshuo is the main supplier.
Guo Mingjun pointed out that Apple's goal is to make the 6.1-inch LCD iPhone shipment schedule about the same as the 2017 4.7-inch iPhone 8, about in the middle and late August, if in a conservative situation, may be deferred to September shipment.
He said that Wistron also benefited from the assembly and panel assembly business of 6.1-inch LCD iPhones. Wistron has the lowest proportion of OEMs and the smallest capacity. However, if shipments are smooth, it is easy to increase capacity utilization and increase profitability. Economic Daily
4. The price of passive devices keeps rising
Gathering micro-network news, chip resistance increased again. Among them, Fenghua High-tech in mainland China recently issued a price adjustment notice, and some chip resistors prices rose by 25% to 30%. China’s mainland companies under the Housheng Group also announced 2 degrees this year. The price of resistance products, the most recent increase from 25% to 30% from April 1.
Kellett's new Mong Kwan revise the price of some thick film resistors by more than 25% from March 5. Guoguo Group has also increased its chip resistance price by 2 degrees this year.
In the case of laminated ceramic capacitors (MLCC), the Japanese manufacturer, Murata Manufacturing Co., Ltd. recently announced the termination of production (EOL) notice for some MLCC items. In response to the continuous increase in global demand for consumer electronics and automotive electronics, it plans to adjust old-fashioned production capacity. Some MLCC items were discontinued before the end of March.
The market speculates that Murata’s move to deep-growing automotive electronics MLCC products will release a large number of low-end MLCC market vacancies. Taiwan-based manufacturers including Guoju, ASIMCO, and Fuxuantang are expected to benefit from the market’s OEM electronics OEMs. Single effect.
Market expectation, passive components will be out of stock all the way, some of the MLCC out of stock situation may continue until the end of this year, some chip resistors out of stock may continue into the second half of this year.
The world's leading manufacturers of chip resistors include Guo Guo, KOA, Rohm, Panasonic, Vishay, etc.. The global laminated ceramic capacitor industry map. Major manufacturers include Murata Manufacturing Co., Ltd., Korea Semiconductor Corporation SEMCO, Taiwanese manufacturer Guo Ju, Hua Shinco, Japan Manufacturers Taiyo Yuden, KEMET, AVX, TDK, etc. The top three global inductor market includes Japanese manufacturer Murata Manufacturing, TDK-EPC, Taiyo Yuden.
Due to the tight supply of chip resistors, and the mainland restriction policy has benefited the relevant groups in passive components.
In response to market demand and the mainland environmental protection policy, Kellett’s new WXM has started to move production capacity and expand production since last year. With the increase in price and new production capacity, the industry predicts that Wanda’s Q2 performance is expected to hit a new high, which will help To enhance Kylie's new profit.
Observations of the new Kellini March consolidated revenue of 1.153 billion yuan, a monthly increase of 47.71%, the second highest monthly record, the cumulative first quarter consolidated revenue of 3.007 billion yuan, compared with the same period last year grew 9.25%, also set a new record over the same period.
The industry pointed out that benefiting from recent chip resistance, strong inductor demand, and rising prices of resistance and inductance continue to show up. We look forward to Kylie's new overall performance this year, especially if we combine Meritor's results and price increase effects, and follow-up performance attacks. Can be expected.
5. Smart machine touches the roof, EV is smashing! Murata passes 100 billion in ceramic capacitors for EV production
The Nikkei Shimbun reported on the 18th that Murata Manufacturing Co., Ltd., a global leader in laminated ceramic capacitors (MLCC), plans to increase the production capacity of electronic components for electric vehicles (EV) by up to 100 billion yen by the end of 2019 (before March 2020). Due to the peak in the smart phone market, Murata has shifted its investment focus to the buoyant EV market.
The report pointed out that Murata's EV parts will be increased production of ceramic capacitors, Murata global market share of up to 40%. Murata plans in the 'Yoshita Murata Manufacturing Co., Ltd. (Izumo City, Shimane City') and in the suburbs of Manila, Philippines, the new factory An additional factory site will be used to increase the production capacity of ceramic capacitors for EVs by 20%, with an investment of 500-1,000 billion Yen. This will become the largest capacitive investment project in Murata's history.
About 2,000-3,000 ceramic capacitors are required for each vehicle, while the latest models such as EVs are used up to 2-3 times.
According to the offer of the Castrol XQ Global Winner System, as of 9:00 am on the 19th, Taipei Time, Murata rose 0.97% to 14,580 yen, rising to 14,635 yen, its highest level since April 2.
According to IDC, global smartphone shipments decreased by 0.1% year-on-year to 1.47 billion in 2017, which was the first time Apple fell into a contraction since it launched the iPhone in 2007.
The British investigation company IHS Markit issued a forecast report on October 10, 2017, pointing out that due to the reduction of sales of European diesel vehicles, China’s electric vehicle (EV) sales will increase significantly. Therefore, the estimated annual sales of EVs in 2025 will be 4.58 million units. , will reach the level of 9 times in 2016, accounting for the proportion of new car sales is estimated at 4.2%. MoneyDJ
6. Jiwei Morning Post: BOE and other companies responded to the impact of ZTE's ban, and Juhua’s net profit increased by 5 times
★BOE’s response to ZTE’s ban: The company has grown in pressure for 20 years
BOE replied yesterday's response to the 'U.S. export ban on ZTE's impact on the company. It said that as China's high-end manufacturing industry, BOE has grown up again and again during the past 20 years, and continued to invest in R&D, independent innovation, 2017, BOE. (BOE) 8678 new patent applications, including 85% for invention patents and more than 60,000 patents for use, ranking the top in the global industry. In the long-term technology and innovation accumulation, the company has mastered the core Technology, cultivated a group of top technical talents in the industry, and the overall competitiveness has improved significantly.
★Vision Technologies: ZTE is one of the company’s customers and has no impact for the time being
Acceleration Technology Co., Ltd. stated on the interactive platform on the 19th that ZTE is one of the company's customers. The U.S. can only fully assess the impact of the sanctions on the company after the results formally. It is not convenient to express opinions. However, the company will pay close attention to the progress of the situation. And take a positive response. At present, the blockade involving trade frictions is only for ZTE Corporation, and it has no impact on the implementation of the business of Guangxun America.
★Changying Precision: Last year, ZTE's business accounted for less than 1% of the company's revenue
Changying Precision stated on its interactive platform yesterday that the company has business contacts with ZTE. In 2017, ZTE's business accounted for less than 1% of the company's revenue. ZTE's business is mainly mobile phone component products. The ZTE event The influence of the company is minimal.
★Star of the Big Dipper: Subsidiary and Xingxingtong are mainly engaged in the development and sales of Beidou chips
Big Dipper Starpass stated on the interactive platform yesterday that the chip field is indeed the weak point of the domestic market. Hexing Xingtong, a subsidiary of Beidou Xingtong, is mainly engaged in the R&D and sales of Beidou chips. It was established in early 2009 and is an enterprise that has earlier entered the navigation chip R&D business in China. The chip R&D has independent intellectual property rights. The foreign blockade and trade sanctions have sounded alarm for the domestic industry, which is generally conducive to the development of the domestic chip industry. It also believes that the government will increase its support for the chip industry in all aspects.
★ Sanan Photoelectric’s net profit of RMB 3.164 billion in 2017 increased by 46.04% year-on-year
On April 19, Sanan Optoelectronic announced its 2017 financial report. The financial report showed that the company achieved sales revenue of 8.394 billion yuan, operating profit of 3.856 billion yuan, and net profit attributable to shareholders of the parent company of 3.164 billion yuan, compared with the same period of last year. Revenue increased by 33.82%, operating profit increased by 82.50%, and net profit attributable to shareholders of the parent company increased by 46.04%. During the reporting period, Sanan Optoelectronics Investment Project Xiamen Sanan Optoelectronics Co., Ltd. (Phase 2) MOCVD equipment gradually went to the factory. , And release production capacity; wholly owned subsidiary Anrui Optoelectronics engaged in automotive lighting products business is also expanding production capacity; According to the development plan, set up overseas wholly-owned subsidiaries, mainly engaged in research and development work; Compound IC business is also carried out step by step.
★ Juhua’s net profit increased by 5 times last year. It is planned to send 10 yuan to 3 yuan for 1 yuan.
Juhua issued an annual report yesterday evening. In 2017, it achieved revenue of 13.768 billion yuan, an increase of 36.3% year-on-year; net profit of 935 million yuan, a year-on-year increase of 518.57%; earnings per share of 0.44 yuan. The company plans to transfer 3 shares for every 10 shares. Yuan Ju Ju shares has accumulated a number of advanced and practical self-owned technologies in fluorine chemicals, chlor-alkali chemicals, etc. The three major links of 'scientific research-technical reserve-production' have been connected in an orderly manner, forming an industrial cluster with company characteristics and scale. With technological advantages, the company's leading product scale is leading domestically. The main products are produced using international advanced standards. The core business fluorine chemicals are at the leading position in the country, and the new chlor-alkali materials are featured at the domestic leading position.
★Nastida intends to invest 9 billion yuan in Zhuhai to build laser printers, government subsidies will exceed 1.2 billion
Nastada announced yesterday evening that the company and the Gaolan Port Management Committee of Zhuhai plan to sign an investment agreement to build a laser printer high-end equipment intelligent manufacturing project in the jurisdiction of Gaolan Port Management Committee according to plan, with a total investment of about 9 billion yuan. After the project is completed and put into production, it strives to achieve an annual output of about 4 million printers, an annual output value of about 20 billion yuan, and an annual taxation target of about 500 million yuan. The Zhuhai Municipal Government and the Gaolan Port Management Committee will be Phase 1, Phase 2 respectively. The project provided support funds of 800 million yuan and 400 million yuan.
★ Luoyang Glass: 0.12mm ultra-thin float glass successfully off the assembly line
Luoyang Glass announced on the evening of the 19th that the company’s wholly-owned subsidiary, Suizhongxian’s new product, 0.12mm ultra-thin float glass successfully went offline. After 0.15mm, it again created the world’s thinnest glass record for industrial production of float technology. The company has become the only company with the ability to produce 0.12mm to 1.1mm series of ultra-thin float glass electronic glass.
★ Lixun's 2017 net profit increased by 46% year-on-year, and it plans to send 10 yuan to 3 yuan for 0.6 yuan.
Lixin Precision disclosed its annual report yesterday evening. In 2017, the company achieved operating revenue of 22.826 billion yuan, an increase of 65.86% year-on-year; net profit of 1.691 billion yuan, an increase of 46.18% year-on-year; earnings per share of 0.53 yuan. The company plans to increase 3 shares for every 10 shares. The company dispatched RMB 0.6. Lixin Precision stated that the company has been actively expanding into new business areas. In the fourth quarter, it entered the stage of new product launches. Although it is subject to the development costs of the new production of the new products and pressure from customer pricing, it continues to Cost control and automation modules and other production processes are optimized and improved, and revenue and profit growth will be realized in the fourth quarter.
★ Taiwan-based shares: Shareholders Fuhua Far East intends to reduce its holdings does not exceed 5% of the shares
Taiwan’s shares announced yesterday that the company’s shareholder, Fuhua Far East Co., Ltd. plans to reduce the company’s shares to no more than 7.104 million shares in the next six months, that is, no more than 5% of the company’s total share capital. Currently, Fuhua Far East holds a company. 7.104 million shares in shares.
★ Infineon: The two shareholders reduce their shareholding by 2.24%
Infineon announced on the evening of the 19th that Hangzhou Qunying Investment Partnership (Limited Partnership) intends to reduce its shareholding in the company by not exceeding 1,39,700 shares, that is, not exceeding 0.69% of the total share capital; Hangzhou Yuheng Investment Partnership (Limited Partnership) intends to reduce its holdings Not exceed 3,134,200 shares, ie not exceeding 1.55% of the company's total share capital.