1. Shanghai Xinyang: The main customers of Xinsheng Semiconductor are SMIC, etc.;
According to the micro-message news, Shanghai Xinyang (300236) announced on the interactive platform on May 29 that the company’s equity company, Xinsheng Semiconductor, mainly produces 12-inch large silicon chips for the integrated circuit industry. Such large silicon chips belong to the high-end chip area. Customers are SMIC, Huali Microelectronics, etc.
Prior to this, Shanghai Xinyang stated in the report that the new 300mm wafer project in Shanghai has started to provide positive inspections for chip foundry companies such as SMIC in the second quarter of 2017. In 2017, it achieved blockages and films. , Sales of test strips and other products, wafer certification work all the best.
Shanghai Xinsheng Semiconductor Technology Co., Ltd. (hereinafter referred to as “Shanghai Xinsheng”), a subsidiary of Shanghai Xinyang, is the subject of the first 300mm wafer project in China. Currently, Shanghai Xinyang holds a 27.56% stake in Shanghai Xinsheng. The second largest shareholder of Shanghai Xinsheng, its largest shareholder is Shanghai Silicon Industry Investment Co., Ltd., which holds 62.82% of the shares. The company is funded by the National Integrated Circuit Industry Investment Fund, Guosheng (Group) Co., Ltd., Wu Yuefeng, Xin Wei. Electronics, Jiading Industrial Zone Development (Group) Co., Ltd. was founded.
2. Weil Shares disclosed that it plans to acquire the latest progress of Beijing Haowei and nominate supervisor candidates;
In the micro-message news, May 29, Weier shares announced the progress of major asset restructuring, said the company is planning the acquisition of Beijing Haowei Technology Co., Ltd., Beijing Sibi Microelectronics Technology Co., Ltd. (hereinafter referred to as 'spike' )'s equity, the matter constitutes a major reorganization of assets, the company's stock has been suspended from May 15.
On the evening of May 14, Weier shares announced the above-mentioned major asset restructuring plan. The main transaction partner of the transaction was Shaoxing Weihao Equity Investment Fund Partnership (Limited Partnership), Qingdao Rongtong Minhe Investment Center (Limited Partnership), Jiaxing. Shuimu Haowei Equity Investment Partnership (Limited Partnership) and other shareholders.
For the subject of this acquisition, the principal business of Beijing Howe is mainly through OmniVision Technologies Inc., (hereinafter referred to as “Howell”), etc. The US Howe was originally a Nasdaq listed company and was completed in early 2016. Privatization and become a wholly-owned subsidiary of Beijing Haowei. US Howe is a leading provider of digital image processing solutions. Its main business is designing, manufacturing and marketing of high-performance, highly integrated and cost-effective semiconductor image sensor devices. Camera Chip and Camera Cube Chip series CMOS image sensor chips are widely used in consumer and industrial applications.
Sibico's main business is the R&D and sales of image sensor chips. It is one of the well-known image sensor chip design companies in China. Sibico's products are mainly for low-end and mid-range, and Beijing Haowei has a complete product range. For the high-end areas.
The announcement disclosed that as of May 29, Vail shares and related parties are actively promoting various tasks of major asset restructuring. The specific plan is still cautiously planning the demonstration. Due to the uncertainty in the relevant issues, the company's shares will continue to be suspended.
On the same day, Weier shares also announced that the company’s supervisor, Ms. Wang Yu, and Mr. Deng Shiling have applied for resignation from the company’s supervisor due to work reasons. According to the “Company Law” and the “Articles of Association”, Ms. Wang Yu, Mr. Deng Shiling’s resignation. The number of members of the company's board of supervisors will be lower than the quorum, so the resignation will only take effect on the date when the company's general meeting of shareholders elects a new supervisor. Weier shares held its 14th meeting of the fourth board of supervisors on May 28, 2018. The meeting reviewed and approved the "Proposal on Election of the Company's Supervisors", agreed to the supervisor Ms. Wang Yu, Mr. Deng Shiling's application for resignation from the company's supervisor, and nominated Mr. Chen Zhibin, Mr. Hu Yonghai, as the supervisor of the fourth session of the Supervisory Committee, whose term of office was from the shareholders meeting of the company. From the date of adoption of the review to the expiration of the term of office of the fourth session of the supervisory board.
The matter still needs to be submitted to Weier Shareholders' General Meeting for deliberation and approval.
The following are the candidate candidates for the fourth supervisory board of the Weier Group: Chen Zhibin and Hu Yonghai:
Chen Zhibin: Male, born in 1984, Chinese nationality. From 2007 to 2010, he served as Manager of Investment Banking at JPMorgan Chase Bank Singapore Branch; From 2010 to 2014, he served as Vice President of Beijing Qingshi Huashan Capital Investment Consulting Co., Ltd.; 2014 2 Since then, he has been the Managing Director of Beijing Qingxin Huachuang Investment Management Co., Ltd.; from July 2015 to present, he has been the executive director of Beijing Huachuang Xinyuan Technology Co., Ltd.; since November 2015, he has held the position of Beijing Huachuang Tongsheng Technology Co., Ltd. Executive Director; November 2015-present, Executive Director of Beijing Huachuang Anji Investment Management Co., Ltd.; From November 2015 to present, Executive Director of Beijing Huaxin Technology Co., Ltd.; From February 2016 to present Core Technology Partnership (Limited) Executive Partner Representative; May 2016-present, Executive Director of Beijing Haohua Storage Technology Co., Ltd.; May 2016-present, Executive Director of Beijing Xinhua Core Technology Co., Ltd.; 2016 From January to now, he served as executive director of Beijing Huachuang Xinsheng Technology Co., Ltd.; from November 2016 to present, he served as supervisor of Beijing Haowei Technology Co., Ltd.; from 2016 to now, served as Beijing Borong Sibi Technology Limited; June 2016, he served as Director of Technology Co., Ltd. Beijing Si Bike; August 2017, he served Anji Microelectronics Technology (Shanghai) Co., Ltd. supervisors.
Hu Yonghai: Male, born in 1964, Singapore nationality, master's degree. From June 2013 to January 2015, he was the senior manager of engineering research and development at ON Semiconductor Malaysia Sdn Bhd, Malaysia; from July 2015 to December 2015, STMicroelectronics Pte Ltd., Component Technology Manager, Singapore; January 2016 to April 2016, Senior Manager, R&D Department, System on Silicon Manufacturing Co. Pte. LTd, Singapore; Oct. 2016-present, Shanghai Welle Semiconductor Co., Ltd. Process Director. 3. How much appreciation potential does lightning IPO battery giant Ningde era have?
(Chi Weiwen/Li Meng) As the world's leading provider of power battery systems, Ningde Times New Energy Technology Co., Ltd., which is known as the 'battery giant', launched its first public offering today and launched a roadshow online on the GEM. It should be noted that the China Securities Regulatory Commission issued the IPO approvals of the two companies on May 18. The Ningde Times (CATL) set a new record of 24 days of 'lightning' meetings. The IPO fundraising amount in the Ningde era was between 5 billion and 6 billion yuan. During the period, based on the net profit of RMB 3.971 billion in the previous year, as long as the valuation of Ningde P/E ratio reached more than 32 times, it would surpass Wen's shares to become the market value of GEM No. 1. What are the intentions of the funds raised during the listing in the Ningde era? How to deal with the impact of policies, industries, markets, and technology? How to maintain the industry's leading position in the fierce competition? This is not only a company's answer, but also an industry's appeal.
Funds are mainly used for expansion and R&D
Judging from the list of power battery listed companies, except for the Ningde era, comparable domestic companies in the same industry include Guoxuan Hi-Tech, Jianrui Wooneng, Chengfei Integrated, and Yiwei Lithium Energy.
The Ningde era was affected by the limit of the P/E ratio. The IPO prospectus raised funds only at 5.352 billion yuan. According to Guo Yanying, the managing director of the Investment Banking Division of CITIC Construction Investment, and the sponsor representative, the raised funds of this offering will be deducted from the issuance cost. The following priorities apply to the following projects: Ningde Times Huxi Lithium Ion Power Battery Production Base Project, Power and Energy Storage Battery R&D Project.
According to Jiang Li, deputy general manager of the Ningde Times, the Secretary of the Board of Directors of the Ningde Group specifically stated that the products of the Lithium Ion Power Battery Production Base in the Ningde era mainly include power battery cells, modules and battery packs. It is planned to invest 9.86 billion yuan, and the total annual production capacity is 24GWh. • Expand production scale, reduce production costs, and enhance competitiveness through new project construction. In investment estimates for power and storage battery R&D projects, Zheng Shu, financial director of Ningde Times, said that it mainly focuses on new energy vehicles. Power Battery, New Energy Commercial Vehicle Power Battery, Energy Storage Lithium Battery and Next-Generation Battery, etc. R&D, R&D, Process R&D, Structural R&D, BMS R&D, Equipment R&D, and Lightweight R&D The performance of the application field, the total investment is 4.2 billion yuan, the project implementation will further enhance the company's technology research and development level and competitive strength in the field of batteries.
For a total of more than 13 billion yuan in investment budget is still facing a large funding gap, Ningde era will be how to fill? Chairman Zeng Yiqun said that Ningde era will be through a variety of financing channels, including its own funds and bank loans and other ways to raise, To ensure the smooth implementation of the project.
From the perspective of revenue, net profit and gross profit margin, although Ningde era deducted net profit of 2.79 billion yuan in 2016, the non-net profit of 2.38 billion yuan decelerated in 2017. But Zeng Xiaoqun pointed out that this was mainly due to the momentum in recent years. The rapid increase in battery production capacity and the adjustment of the subsidy policy for new energy vehicles led to the adoption of a flexible pricing strategy. The company's operating income for the period from January to March of 2018 was 37,716,410 thousand yuan, and the net profit attributable to shareholders of the parent company was 413,337,200. RMB, net profit attributable to the issuer’s shareholders after deducting non-recurring profit and loss was RMB 269,006,800. It increased by 155.20%, 3,636.53% and 308.06% respectively compared with the same period, indicating that profitability continued to increase. Moreover, the gross profit margin has been as high as one hundred Between thirty-five and forty-five, it can be said that the tension is full.
According to Song Shuangxi, the managing director of the Investment Banking Department of CITIC Construction Investment, Song Shuangxi, the representative of the sponsor, the number of issued shares does not exceed 217,243,733 shares, and the proportion of the total share capital after issuance is not less than 10.00%; all of which are new issuances and do not involve the disclosure of shareholders Offer shares.
Competitiveness comes from technology and customers
The power battery industry has a unique business model and profit model. Competition is technical strength, product competitiveness, supply chain advantages and so on.
Pan Jian, Vice Chairman of Ningde Times introduced that the power battery system products can be divided into batteries, modules and battery packs according to the product form. The batteries are the core building blocks of the power battery products. A certain number of batteries can be used to form modules. , And further assembly into a battery pack, the final application of new energy vehicles in the form of battery packs. Power battery companies sell power battery system, according to customer needs, batteries, modules, battery packs are three forms Sales. The ratio of sales revenue of future batteries and modules to sales of power battery companies may increase further.
In addition, as the core component of new energy vehicles, the research and development, production, and sales of power batteries need to be carried out around the specific needs of the specific models of the depot customers, along with the development of the entire vehicle, the technology research and development capabilities of suppliers, the accumulation of industrial applications, product design, and High technical level requirements. 'Motor batteries from the product project to achieve sales need to go through the project, program design, trial production, sample testing, joint debugging joint test, national standard certification and other stages, the cycle is longer. But generally enter the qualified supplier directory, Downstream vehicle manufacturers will not easily replace power battery system suppliers. The above characteristics determine that vehicle manufacturers usually establish long-term, stable supply relationships with power battery companies, and that customers are sticky. ' Pan Jian emphasized that.
In 2017, Ningde Times shipped more than BYD to 9.72GWh, which accounted for 27% of domestic power battery shipments. The total sales of the top three domestic manufacturers (Ningde Times, BYD, and Waterma) accounted for the nation’s total The proportion is 55%. Pan Jian believes that the core of Ningde's development is driven by technological innovation. The company's current research and development capabilities are in the world's top echelon, with unique advantages in product safety, reliability and cycle life. As of December 2017 On the 31st, the company and its subsidiaries had a total of 907 domestic patents and 17 overseas patents, and a total of 1,440 domestic and overseas patents being applied for. The proportion of research and development also increased year by year. The proportion of research and development expenses in 2015, 2016 and 2017 accounted for 4.93%, 7.62%, 8.16%.
The continuous development of high-quality customer groups has become a strong guarantee for the company to maintain its market share leadership. Zeng Yiqun said that in terms of domestic brand customers, the company is leading automakers in industries such as Yutong Group, SAIC, BAIC Group, Geely Group, and Fuqi Group. Maintain long-term strategic cooperation; In terms of international brand customers, we have entered the supply system of BMW and Volkswagen and other world-class automotive companies, and are also a few domestic suppliers of power battery solutions for international automotive brands. Car companies (including Internet car companies, smart car companies, etc.) have cooperated to actively deploy smart car fields.
Future opportunities and challenges
Looking to the future, the growth momentum of power batteries is strong. It is reported that in 2017, the world's power battery for electric vehicles was 69.0 GWh, which is the largest increase in consumer electronics, power, and energy storage. It is expected that by 2022 the global electric power The demand for automotive lithium batteries will exceed 325GWh, an increase of 3.7 times compared to 2017. This is good for power battery manufacturers in the global market.
Zeng Yiqun also optimistic about the future growth, he believes that with the gradual landing of national policies, as well as the future improvement of lithium battery production technology, the cost will decline, the popularity of new energy vehicles and supporting facilities will increase, etc., the power battery needs of new energy vehicles in the next three years. Will keep growing.
However, the dynamic battery market is still subject to change. On the one hand, domestic new energy subsidies have been declining and decreasing, power battery prices are also declining, and the pressure of the industrial chain is also increasing; On the other hand, the development of new energy vehicles next-generation battery The direction includes all-solid-state lithium batteries, lithium metal air batteries, hydrogen fuel cells, etc. Although it is still at the basic and applied research stage, it still needs to be laid out in advance, and the R&D investment should be continuously increased.
In this regard, the Ningde era has also begun a three-step strategy. In terms of batteries, Pan Jian said that technological innovation is the core competitiveness of CATL, and CATL will actively and continuously track and advance the world’s leading power battery technology, with promising results. The new power battery technologies have a wealth of reserves. In 811, lithium metal batteries and silicon carbon anodes, etc., there are progresses from mass production preparation to basic technology development. The Ningde times will continue through technological innovation, industrial chain layout and Expanding the scale and continuously reducing the unit cost to cope with the changing competitive challenges in the industry.
In addition, as the technology matures and the cost gradually declines in the future, the energy storage market will also be expected to become another growth point for stimulating lithium battery consumption. The Ningde era is also being laid out. Pan Jian introduced, according to GGII, China's lithium-ion batteries The industry will enter the growth period, and the compound growth rate will exceed 15% in the next 5 years. The market potential is greater. With the market penetration rate of lithium batteries in the energy storage sector will gradually increase, the company will have a long-life, cost-competitive products. Relying on this, we are actively deploying ladders and exploring new business models in distributed power grids, industrial and commercial energy storage, and energy storage charging stations. At the same time, the State has successively introduced the “Interim Measures for the Management of the Recovery and Utilization of Power Battery for New Energy Vehicles”. And other policies, Ningde era has also laid out the battery recycling industry in advance.
It can be said that whether the Ningde era was the driving event or the discovery of the value of the entire lithium battery industry, or even the entire market's future development needs, the next enthusiasm will be on the lithium battery segment. It is reported that the Ningde times Online offline purchase will be available on May 30.
4. Shenzhen Huaqiang formed Huaqiang Semiconductor Group, and Xianghai/Cenfei participated in the capital increase;
On the 29th of May, Shenzhen Huaqiang issued an announcement to comply with the company's needs for the development of electronic components authorized distribution business, and to make it bigger and stronger. The company intends to conduct further and all-round distribution of electronic components authorized distribution business. In-depth integration. To this end, the company will form a Huaqiang Semiconductor Group as an integration platform, aggregating the resources, advantages, and strengths of its authorized distribution companies to create a unified brand image and effect of 'NeuSemi'.
In the preliminary preparation of Huaqiang Semiconductor Group, the business scope of the wholly-owned subsidiary Shenzhen Huaqiang United University Electronic Information Co., Ltd. (hereinafter referred to as 'Huaqiang Lianda') closely matched the distribution of electronic components, and Huaqiang General Assembly was established in Hong Kong. A wholly-owned subsidiary, Huaqiang Lianda (Hong Kong) Trading Co., Ltd. (hereinafter referred to as 'Hong Kong Huaqiang Lianda'), the company decided to rename Huaqiang LianDa as 'Shenzhen Huaqiang Semiconductor Group Co., Ltd.' as an authorized company that distributes several of its subsidiaries. The platform; renamed Huaqiang University of Hong Kong’s Hong Kong subsidiary “Huaqiang Lian Da (Hong Kong) Trading Co., Ltd.” to “Huaqiang Semiconductor Co., Ltd. (English name: NeuSemi Company Limited)”.
At present, Huaqiang General Assembly has been successfully renamed as "Shenzhen Huaqiang Semiconductor Group Co., Ltd.". The legal representative is Zheng Yi. The registered capital is RMB 30 million.
According to the disclosure, in order to speed up the process of establishing the Huaqiang Semiconductor Group, Shenzhen Huaqiang will increase the capital of Shenzhen Huaqiang Semiconductor Group Co., Ltd. in the form of equity investment and currency contribution, and increase the registered capital of Shenzhen Huaqiang Semiconductor Group Co., Ltd. by RMB 470 million, of which RMB 320 million. The company will invest in the form of equity investment, and the company will invest 150 million yuan in the form of currency contribution. After the capital increase, the registered capital of Shenzhen Huaqiang Semiconductor Group Co., Ltd. will be changed to 500 million yuan.
In respect of equity investment in the capital increase, Shenzhen Huaqiang Electronics Co., Ltd. (hereinafter referred to as 'Xianghai Electronics') 100% equity held by Shenzhen Huaqiang, Shenzhen Pengyuan Electronics Co., Ltd. (hereinafter referred to as 'Pengyuan Electronics' 70% equity, 60% equity of Shenzhen Qinuo Technology Co., Ltd. (hereinafter referred to as 'Qino Technology'), and 60% equity of Shenzhen Xinfei Electronics Co., Ltd. (hereinafter referred to as 'Core Fidelity') (hereinafter collectively referred to as 'target' Equity's will be invested. Shenzhen Huaqiang will use the book value of the long-term equity investment of 4 companies including Xianghai Electronics, Pengyuan Electronics, Qinuo Technology and Xinfei Electronics as the basis, and the target equity will be used for RMB 235.08 million. Subsequent capital increase, of which 322 million yuan was included in the registered capital of Shenzhen Huaqiang Semiconductor Group Co., Ltd., and 203.08 million yuan was included in the capital reserve fund of Shenzhen Huaqiang Semiconductor Group Co., Ltd.
After the establishment of Huaqiang Semiconductor Group, its shareholding structure is as follows:
In recent years, with the rapid development of electronic components (semiconductors, capacitors, resistors, inductors, etc.) in the upper reaches of the domestic electronics industry chain, manufacturing, and downstream terminal electronic product manufacturing industries, electronics for integrated services upstream and downstream of the domestic electronics industry chain The authorized distribution of components and components has also achieved rapid development, and the industry concentration has begun to enter a stage of significant improvement. It is expected that the domestic electronic components authorized distribution industry may replicate the development path of international giants such as Arrow, Avnet, and United Party General Assembly. Eventually emerged leading enterprises.
Since 2015, Shenzhen Huaqiang has continuously integrated the domestic electronic components authorized distribution industry through outreach and acquisition, and initially completed the upstream passive component agent + active component agent, foreign production line agent + domestic production line agent, and different downstream applications. Fields (such as mobile phones, power electronics, new energy, security, automotive electronics, etc.) Agency's more complete and complementary electronic components distribution platform layout. Under the dual promotion of corporate outreach and acquisition and endogenous growth, the company’s electronic components licensing The scale of distribution business continues to expand, and it has now entered the first echelon of domestic electronic component distributors.
5. Sunny Optical denied the inclusion of the first list of CDRs;
In the micro-message news, May 29, Sunny Optical held an annual general meeting in Hong Kong. Prior to this news, the list of the first unicorn enterprises to return to A-shares has been confirmed, including Alibaba, Tencent, Baidu, Jingdong and There are eight companies listed in Hong Kong, including Sunny Optical.
When asked if they would consider returning to A shares in the future, vice president and concurrent secretary Ma Jianfeng of Sunny Optical stated that companies that meet the requirements of market capitalization of more than 200 billion yuan can return to A shares, and the current market value of the company still has a gap.
In addition, when asked whether the partner was investigated by the United States for sanctions, whether or not Yu Hao is worried about follow-up cooperation with him, Ma Jianfeng stated that at present, the business of the company is all normal, and at the same time, the stock price performance also proves that the capital market is not worried about this.
6. Nanda Optoelectronics: Has completed the construction of the ALD precursor product line;
According to the micro-network news, May 29, NTU Optronics stated on the interactive platform that ALD precursor products have filled the gaps in the domestic market. At present, the project has completed the production line construction, obtained trial production qualifications, and obtained customer certification and preliminary application, and has provided TDMAT. And other qualified products.