1. Hangzhou Silicon Lijie Q4 Operation Looks Up: Benefiting from the Development of Semiconductors in the Mainland
According to the micro-network news, Hangzhou Silicone has gradually entered the peak season of consumer product shipments. It is expected that the operating growth engine will restart in the second half of the year. The fourth quarter revenue is expected to resume double-digit growth. Silicon Lijie is also a foreign brokerage firm. Named, referring to the accelerated development of the semiconductor industry chain in mainland China, Silicon Lijie will be the main beneficiary.
This year, Silicon Li benefited from the high growth of consumer products, the growth of operational growth, coupled with the robust shipment of industrial products, which enabled its second-quarter revenue to reach NT$2.425 billion, an annual growth of 10.9%. Growth of 11.3%; cumulative first half of the revenue of 4.603 billion Taiwan dollars, an annual growth of 14.6%, both set a record high record.
With the second half of the year entering the peak season of consumer product shipments, Silicon Lijie will ship its products in the fourth quarter in terms of TV, tablet, mobile power, and wearable devices. Industry estimates, Silicon Lijie's fourth-quarter revenue will remain Double-digit growth, and this year's four major product items including consumer electronics, industrial, information and network communications and other applications can grow.
Hou Mingxiao, a semiconductor industry analyst at CLSA, named Silicon Lijie, who is expected to become the star of Taiwan’s “golden stocks”. He pointed out that China’s mainland is actively developing the semiconductor ecosystem, and Silicon Li’s analog IC business focused on power management. It has gradually expanded to areas such as sensing, RF, and mixed-signal, and has greatly increased its unit price and embedded value. Especially in the Sino-US trade war, the mainland has shown increasingly high semiconductor development ambitions, optimistic about Silicon Lijie will be the main Beneficiary.
According to the investigation of the Lyon Securities, China's Huawei and ZTE are currently working with Silicon Power on 5G base station applications. On the other hand, the Hangzhou government has recently launched a new IC industry subsidy program. In the future, Silicon Power will develop a project, IP. Procurement, design finalization and masks are expected to receive more and more subsidies.
2. Li Ming, chairman of Ziguang Guowei, needs to resign due to work;
Economic Daily-China Economic Net Beijing July 20th Shenzhen Stock Exchange listed company Ziguang Guoxin Microelectronics Co., Ltd. (Ziguang Guowei, 002049) announced today that the board of directors received the chairman Li on July 18, 2018. Ming's written resignation report. According to the unified arrangement of Ziguang Group, due to other work needs, Li Ming resigned as the chairman of the 6th Board of Directors of Ziguang Guowei, director and member of the remuneration and appraisal committee of the board of directors. Li Ming resigned after the above duties, not Ziguang Guowei holds any position.
Ziguang Guowei said that according to the relevant provisions of the "Company Law" and the "Articles of Association", Li Ming's departure will not lead to the company's board of directors being lower than the legal minimum number. The resignation report will take effect from the date of delivery to the board of directors. The departure will not affect the standard operation of the board of directors of Ziguang Guowei and the normal production and operation of the company. The company will complete the election of the new chairman as soon as possible.
At the same time, the announcement stated that the board of directors of Ziguang Guowei received the letter from the controlling shareholder Tibet Ziguang Chunhua Investment Co., Ltd. on the nomination of the candidates for the directors of Ziguang Guoxin Microelectronics Co., Ltd., and nominated Shi Shijing as the director candidate of the company. Ziguang Guowei The 19th meeting of the 6th Board of Directors reviewed and approved the Proposal on the To-election of the Directors of the Sixth Board of Directors of the Company, and agreed to elect the Shijingjing as the director of the sixth board of directors of the company. The proposal still needs to be submitted to the company's shareholders meeting for consideration.
Related personnel resume
Li Ming, male, Han nationality, born in March 1964. Graduated from Tsinghua University School of Economics and Management, graduate degree, Ph.D.. Deputy Director of Information Center of the Development Research Center of the State Council, Director of Information Office; Chairman and President of Guoyan Technology Group And Party Secretary; President of China Economic Yearbook. Since January 2018, he served as the co-president of Ziguang Group Co., Ltd. Since April 2018, he has served as Chairman of Ziguang Guowei.
3. Yaxiang integrated clean room faucet will welcome explosive growth in the industry;
Recently, Yaxiang Integration (603929) announced that it won the bid for the second phase of the Wuhan Xinxin 12-inch integrated circuit production line project. The winning bid is 281 million yuan. The project is expected to be completed on November 15, 2018. The company said that The smooth implementation of this project will help to improve its business capacity, provide more experience for the development and cooperation of follow-up projects, and will also have a positive impact on the company's operating performance.
High barriers to entry
The clean room excludes particles, harmful gases, bacteria and other pollutants in the air within a certain space, and the indoor temperature, humidity, cleanliness, pressure, airflow velocity and airflow direction, noise vibration and illumination, static electricity control Within a certain range of requirements, the space given for special design is widely used in various fields such as photovoltaics, semiconductors, medicines and foods. The indicators such as the cleanliness and humidity of the air contacted by the products produced in the interior are in compliance with the standards. , to enable the production of products in an environment with good conditions and high stability, is considered an integral part of advanced processes.
Among them, the highest requirements for electronics and panel cleanrooms are also the main areas of Yaxiang integration. The 2017 annual report shows that the annual revenue was 1.78 billion yuan, and the electronics industry sales revenue accounted for 95.51% of the main business income.
At present, the company's main customers cover IC semiconductors, optoelectronics and other high-precision companies in the precision electronics industry. They have provided system integration engineering services for clean rooms such as Hejian Technology, Longteng Optoelectronics, AU Optronics, etc., and accumulated more than 2,259,700 square meters of cleanliness. Construction experience of the room project. As of the end of June 2017, the company completed 27 semiconductor industry projects, 43 panel enterprise projects, from clean room builders to a dust-free environment design and builder.
Obvious technical advantages, far ahead of peers
As we all know, the high-end electronics industry clean room industry has the characteristics of high barriers and high concentration. In the clean room construction, Yaxiang integration and the other four have occupied 90% of the domestic market share. The amount of semiconductor and panel investment is huge, and stability has become a priority. Considering factors, rich industry experience and outstanding technical strength can increase customer stickiness and increase the probability of obtaining orders.
It is worth mentioning that the 94% miracle yield created by the Xiamen Lianxin 28nm production line, which was invested by Yaxiang in the past year, is an insurmountable benchmark for domestic semiconductor engineering. It is far ahead of other rivals. Currently, Yaxiang The cleanroom processing capacity reaches CR4.0 level (less than 0.01 micron, nanometer level). It is the first clean room engineering company in Taiwan/China that introduces CFD technology and has chemical analysis and air sampling technology in China. Strong technical strength. Building a moat for the company, as the requirements for technology, project experience, capital and qualifications in the clean room engineering field continue to increase, the moat will become wider and wider.
Behind the high market share is bound to be supported by strong technology, and the research and development of core technology has always been the top priority of Yaxiang integration. The company applied for 46 patents, and also created production technology and products for IC semiconductor and optoelectronic industry. The yield database, which digitizes and scientificizes many years of engineering experience, provides data support for the company's subsequent contracting and implementation of engineering projects. In addition, the company not only has industry-leading 'computational fluid dynamics analysis application technology' and 'air sampling and analysis technology At the same time, the layout of energy-saving clean room and control of high-end clean technology such as air molecular pollutants, the country's leading clean room R & D base, also provide technical breakthroughs for the company. At the time of listing, the company raised 0.48 billion yuan to establish a research and development center, also for Take the lead in the next generation of clean technology.
The industry is coming, the industry is huge.
China is in the stage of industrial upgrading, global IC semiconductors, optoelectronics enterprises are moving to China, and the adjustment of industrial structure will greatly accelerate the pace of development of modern high-tech industries. The proportion of domestic semiconductor sales and growth rate is much higher than the global level, the industry maintains High prosperity. In addition, the semiconductor trade deficit has continued to maintain a high of US$160 billion. The 'import substitution' is the trend of the times. It is a foregone conclusion that China will undertake the third semiconductor industry transfer.
History tells us that state support is an important 'catalyst' in industrial transfer. Starting in 2016, under the dual drive of policy and capital, China's IC industry is welcoming an investment intensive period. According to the data compiled by Shen Wanhongyuan, it is currently under construction. The total amount of integrated circuit projects planned to be built will reach 1.2 trillion yuan, and most of them will be put into production by 2021. According to the report issued by the International Semiconductor Equipment and Materials Industry Association (SEMI), the world is in the planning or construction stage and is expected to be There are about 62 semiconductor fabs in operation between 2017 and 2020, 26 of which are located in China, accounting for 42% of the global total.
According to the statistics of Northeast Securities, it is estimated that the total investment of semiconductor + panel will reach 441 billion yuan in the next 3-4 years. According to the clean room EPC contracting project, 10-15% of the total investment is calculated. The corresponding clean room engineering market is 440- 660 billion yuan, a vast space. Public information shows that 2013-2015 major companies in the TFT-LCD panel factory's mainland market share can be seen, Yaxiang holds 26.67% share, it is foreseeable that the company will usher in explosive growth space .
According to public information, due to the completion of the clean room project to confirm the income, the 2017 annual report disclosed the unfinished orders of 3.198 billion yuan and March Foxconn 732 million orders, all completed in 2018, sitting in the IC and panel clean room Yaxiang integration with the highest yield, I believe this year will usher in a confirmed peak.
Securities Times
4. Nearly 70% of the semiconductor sector is pre-incremented.
International semiconductor production capacity is gradually shifting to the domestic market. Benefiting from the industry trend and the continuous breakthrough of technology in enterprises, the trend of localization substitution is becoming more and more obvious. Although import substitution is not completed overnight, the talent dividend is gradually released, and the national policy is highly supported. With the continuous promotion of capital investment, the industry is expected to form positive feedback with capital, ushered in an accelerated development period.
Industrial fund investment A-share company
At present, the country has begun to vigorously support the semiconductor industry, and set up a trillion-dollar national IC industry fund. Data show that as of the end of 2017, the industry fund has made effective decisions to invest in 67 projects.
As of the first quarter of 2018, the industry fund held Guokewei, the proportion of Tongfu Microelectronics's shares exceeded 15%. In Beidouxingtong, Sanan Optoelectronics, Zhaoyi Innovation's shareholding ratio exceeded 10%.
At present, the second phase of the National Integrated Circuit Industry Investment Fund is in the midst of intensive fundraising. The current plan has been reported to the State Council and approved. Sources close to the big fund revealed that the second phase of the fund raised more than one phase, at 150 billion-2000 About 100 million yuan. According to the ratio of 1:3, the amount of social funds mobilized is about 450 billion to 600 billion yuan. Together with the first phase of the big fund of 138.7 billion yuan and the incitement of social funds of 514.5 billion yuan, The total amount of funds will exceed one trillion yuan.
48 shares released interim results forecast nearly 70% pre-increased
Among the 62 stocks in the semiconductor sector, 48 semiconductor companies have disclosed the results of the mid-year report, and 33 of them reported an increase in the performance of the interim report, accounting for nearly 70%.
The median results of the semi-annual report of 8 companies exceeded 100%, including Quanzhi Technology, Beijing Junzheng, Ai Biesen, Ninestar, etc., in which Quanzhi Technology expects net profit of 73 million yuan to 80 million yuan in the first half of the year. The year-on-year increase was 4208.04% to 4634.29%, ranking first.
The 6 companies reported a median year-on-year increase in net profit between 50% and 100%, including Fuman Electronics, Taiwan-based shares, Ruifeng Optoelectronics, Nanda Optoelectronics, etc.
In terms of growth, there were 10 companies with a net profit growth rate of more than 20% from 2015 to 2017, and 6 of them have increased their net profit by more than 30% year-on-year.
In addition to Longji shares, these 10 companies disclosed the results of the interim report. Only the net profit of the company was increased by the same period of the previous year, and the other 7 were pre-increased. Among them, the average net profit of the North China Ventures is expected to increase. It is 125%, ranking first, followed by Jingsheng Electromechanical, Ruifeng Optoelectronics, which grew by 105% and 61% respectively.
5. The second phase of the National Fund has a new move, a real estate enterprise to transform integrated circuit manufacturing;
On July 17, Wanye Enterprise (600641.SH) announced that the company's second largest shareholder, Sanlin Wanye (Shanghai) Enterprise Group Co., Ltd. (referred to as 'Sanlin Wanye') on July 16 and the National Integrated Circuit Industry Investment Fund Co., Ltd. Signing the share transfer agreement, Sanlin Wanye intends to transfer 56,431,113 shares of Wanye Enterprise (accounting for 7% of the total share capital of Wanye Enterprise) and all the shareholders' equity derived therefrom to the Big Fund, all of which are unrestricted shares. The two parties agreed that the transfer price of the target shares is 12 yuan per share, and the total amount is 6.77173356 billion yuan.
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According to its announcement, Wanye Enterprise intends to purchase 51% equity of Shanghai Kai Shitong Semiconductor Co., Ltd. (referred to as 'Kashitong') in cash, with a transfer price of 495 million yuan. At the same time, it plans to issue shares to purchase 49% equity of Kai Shitong. The price is 475 million yuan. As a result, Wanye Group owns 100% of the shares of Kai Shi Tong. This transaction is a practice of the company's strategic development plan. Wanye said that after the completion of the transaction, the company will increase the semiconductor equipment business. In the future, listed companies will give full play to the technological advantages, brand advantages and channel advantages of Keystone in the field of semiconductor equipment, relying on management and R&D teams with good historical performance to build solar ion implanters, integrated circuit ion implanters and AMOLED ion implants. The full range of products of the machine has become an excellent manufacturer of ion implanters, especially integrated circuit ion implanters worldwide.
As of press time, Wanye Enterprise is still in suspension.
According to the announcement, the main business of Wanye Enterprise is real estate development and sales. The business model is based on independent development and sales. After the acquisition of Kai Shitong, the company will increase the research and development, production, sales and service of ion implantation and related equipment to build solar energy. Ion implanter, integrated circuit ion implanter and AMOLED ion implanter full range of products.
The reporter saw on the official website of Sanlin Wanye that Indonesia Sanlin Group is a diversified multinational enterprise group founded by the famous Chinese entrepreneur Lin Shaoliang. The business of Sanlin Group involves agriculture, animal husbandry, food production, automobile manufacturing, energy, building materials. , chemical, communications and media, real estate and industrial park development, resort and hospitality, distribution and retail, banking and finance, etc. Among them, Sanlin Wanye (Shanghai) Enterprise Group will continue to focus on the development of real estate development business, In combination with the strategic needs of China's national economic development, we will increase investment in energy resources, agricultural industrialization, etc., expand international trade and engineering business, and gradually develop into the management headquarters of Sanlin Group in the Asia-Pacific region.
Kai Shitong is a manufacturer of photovoltaic and integrated circuit ion implanter equipment. According to Wanye Enterprise Announcement, it is displayed in the field of solar ion implanter. Although there are only three companies in the world engaged in solar ion implanter business, and the market share of Keystone is global. First. According to the analyst report of Guojin Securities, IC manufacturing equipment is China's weakest link in the semiconductor field, and the self-sufficiency rate is less than 3%. Therefore, the future investment direction of the second phase of the big fund may be positioned in integrated circuit equipment. In the field of materials, the photovoltaic industry is the most relevant to the technology of the integrated circuit industry. The equipment and materials manufacturers in the photovoltaic industry are expected to cut into the IC industry with technology accumulation.
As a real estate company, Wanye Group began to transform its semiconductor industry in 2017. In January 2018, the company subscribed for the first phase of the Shanghai Semiconductor Equipment Materials Industry Investment Fund to RMB100 billion to transform into the integrated circuit industry. Kai Shitong is a photovoltaic/integrated circuit. Ion implanter equipment manufacturer, Cathay Securities analysts report shows that Chinese manufacturers account for less than 3% of materials and equipment, which is the weakest link of integrated circuits. Ion implanters and thin film deposition equipment, lithography equipment, etching equipment Manufacturing key process equipment for the four major integrated circuits is a process of integrated circuit manufacturing. Integrated circuit manufacturing accounts for about 80% of the total integrated circuit investment. Currently, the global market for integrated circuit ion implanters is 1.8 billion US dollars. Currently, it is basically a monopoly of foreign companies. , such as application materials, Japan Nisshin, etc., Chinese manufacturers related manufacturers have Zhongkexin.
At present, according to the data, the listed companies that have invested in the big fund include: SMIC in the wafer manufacturing field, Hua Hong Hongli; Changdian Technology in the field of packaging and testing, Huatian Technology, Tongfu Microelectronics, Jingfang Technology In the field of IC design, Ninestar, Guokewei, ZTE, Zhaoyi Innovation, Huiding Technology, Jingjiawei; North Huachuang in the field of equipment manufacturing, Changchuan Technology; Wansheng Shares in Materials, Jacques Technology, Juhua shares; third-generation semiconductor leader Sanan Optoelectronics, Beidou industry chain leader Beidouxingtong, MEMS sensor leader Navi Technology, and through the sub-fund layout terminal company Wingtech, a total of electro-acoustic, etc. As of the end of 2017 In the first phase of the big fund, 67 projects were invested in effective decision-making, and the cumulative investment commitment amount of the project was 118.8 billion yuan, and the actual investment was 81.8 billion yuan, accounting for 86% and 61% of the total fundraising in the first phase.
6. Quantum's micro shareholder reduced 240,000 shares
On July 20th, Quantum Micro (835303) shareholder HAIQING LIN reduced its holding of 238,800 shares in the share transfer system through the after-hours agreement transfer, and the shareholding ratio was 10% after the change of equity.
Quantum's micro shareholder HAIQING LIN completed the reduction of 238,800 shares in the national SME share transfer system through the after-hours agreement transfer. HAIQING LIN held 10.29% before the equity change, and the shareholding ratio after the change of equity was 10%.
Obligations involving information disclosure: HAIQINGLIN, USA, May 23, 2015 - September 2017, Quantum Microelectronics Co., Ltd., General Manager, September 2017 to present, freelance.