With the selection of the value list of Jinqilin listed companies in Hong Kong stock market opened, thousands of companies will compete fiercely for the eight Project Awards. Who is the most leading entrepreneur, such as Zhang Yong, Yu Liang, Wang Xing, Lei Jun, Xu Jiayin and Ding Lei.
recently, Huahong semiconductor, a manufacturer of jingyuandai, announced its Q2 performance in 2020. According to the report, in Q2, the revenue of Huahong semiconductor was $225 million, a year-on-year decrease of 2%. The net profit attributable to the superior company’s shareholders was $178 million, a year-on-year decrease of 58.9%.
in terms of products, the revenue of the company’s main products, discrete devices, decreased by 6.2% year-on-year, followed by embedded nonvolatile memory, with revenue of $76.9 million in the first half of the year, a year-on-year decrease of 3.4%.
according to the public data, discrete device products are mainly used for switching control under various high-voltage and high-power conditions. The company has three major product lines in this respect, namely trench HV MOSFET, superjunction MOSFET and IGBT, and their withstand voltage capability increases in turn.
at the recent investor exchange meeting, a company spokesman said that in terms of overall revenue, revenue from discrete devices accounted for 38%, IGBT revenue accounted for 5%, super settlement revenue accounted for 9.5%, and the revenue of 12 inch MOSFET was about 1 million. In the first half of the year, the main reason for the decline in the discrete device sector was the decrease in demand for superjunction products, partially offset by the increase in demand for IGBT products.
in fact, with the continuous expansion of industrial control, intelligent home appliances and charging equipment demand, the power semiconductor industry has seen a very obvious growth state in the early years. As of 2018, the global sales of discrete semiconductor devices reached US $24.102 billion, with a year-on-year growth rate of 11.32%, but it began to decline in 2019, with a slight drop of 0.59%. Industry insiders said that in 2020, affected by the epidemic, consumption will be weak, and the sales volume may further decline.
IGBT products are mainly used in new energy vehicles, smart grid, wind energy and solar energy, etc. with the expansion of demand in this industry, the growth rate of IGBT product market scale has been maintained at a high level. The company’s data show that the international compound growth rate of IGBT market scale is about 10%, and the domestic compound growth rate is about 15%.
in addition, as the core product of Huahong semiconductor, the revenue of embedded nonvolatile memory declined. The spokesman said that due to the decrease in demand for smart card chips in the first half of the year, although the demand for MCU products increased, the overall revenue declined.
this part of the company’s products are mainly used in MCU and smart card chips. Among them, the smart card market is in the state of stock substitution, so the contribution income is relatively stable, and there is a downward trend in recent years. The main growth of the company’s business in this sector comes from the growth of MCU market.
according to the data, after the MCU manufacturer completes its architecture and instruction set design, it will be produced by semiconductor manufacturers such as Huahong semiconductor. Due to the important position of MCU in intelligent control, Ifind data shows that the three main applications of MCU are automotive electronics, industrial control / medical treatment and computer, accounting for more than 81% of the total.
as of the end of 2019, the top eight manufacturers in the MCU industry are all international manufacturers, with a total market share of 88%. At the same time, all the international manufacturers have the full production line production capacity from 4-32-bit MCU. The industry has entered the mature stage, and mergers and acquisitions of major manufacturers continue to occur. For example, Infineon announced the acquisition of cypress with a consideration of 9 billion euro.
according to the report of the first Shanghai Research Department, China is still in the primary stage in the MCU market. At present, the low-end products of 4-8-bit MCU are the main products, accounting for about 50%. The number of 16 and 32-bit MCU manufacturers is still small, accounting for about 20% respectively. The sales scale is also small, with a single manufacturer exceeding 500 million yuan.
it is worth noting that the overall capacity utilization rate of the company reached 93.4%, with an increase of 11 percentage points on a month on month basis. Among them, the revenue of Huahong Wuxi factory in the second quarter was $9.5 million, with a capacity utilization rate of 38.4% and a month on month increase of 31.4%.
according to the data, the company currently has four wafer plants, among which the 200nm wafer plant has a monthly production capacity of 178000 pieces in the second quarter, and the production volume utilization rate is as high as 100.4%, and the 300nm Wuxi wafer factory has a monthly production capacity of 10000 pieces in the second quarter.
according to the company’s spokesperson at the recent investor exchange meeting, the company’s 12 inch power device OEM production line kwpm, it is expected that the company’s revenue growth in the third quarter will mainly come from this, and the 40kwpm equipment can be in place by the end of the year.
in addition, a relevant spokesman said that due to the impact of the new policy on the integrated circuit industry, the 8-inch factory will maintain a 15% tax rate; the Wuxi plant will be tax-free in the first five years, and the tax rate will be halved in the following five years. The company estimates that the subsidy for the 8-inch factory will average 10 million yuan per year. The subsidy for Wuxi factory will be received in the fourth quarter, which will be much higher than that of last year. Last year, 70% of the subsidies were for equipment and 30% for operating expenses. This year, 70% of the subsidies were for equipment and 30% for cash. (by Xiao cyathe)