2011-2021 chip track investment and financing amount distribution
Data source: Qichacha
Under the global chip shortage trend, chips have become the hottest concept this year. In the secondary market, compared with the low point at the beginning of the year, the Tonghuashun chip concept index rose by more than 37%, the integrated circuit index rose by more than 65%, and the 14 html stocks in the sector rose by more than 100% in four years, and the performance has also frequently turned into dark horses. With multiple positive effects, technology giants have come to join the "chip-making" army, and funds have accelerated their influx. The total investment and financing in the chip field in the first half of this year was nearly 300 billion yuan, far exceeding the whole year of last year. The institution said that with the strong push of policies, funds and performance, the growth expectations of the chip sector continue to rise, the entire industrial chain is booming, and the domestic chip sector ushered in a ten-year golden transformation period.
giants have come out to make plans one after another, and funds are pouring into
Internet technology giant Meituan has also joined the "chip army".
Qichacha App shows that on July 8, Shanghai Zhishenxin Semiconductor Technology Co., Ltd. underwent industrial and commercial changes, adding Meituan affiliated companies Beijing Kuxun Technology Co., Ltd. and other shareholders. The company's registered capital increased from about 175 million yuan to about 205 million yuan. The company's business scope includes artificial intelligence chip-related software and hardware, software development, etc.
is a coincidence. On July 5, according to the official microblog of Zhongyi Chip, Xinsheng Technology Co., Ltd., a wholly-owned subsidiary of Zhongyi Internet of Things under China Mobile , was officially independently operated in July 2021, further entering the field of IoT chips, and plans to go public on the Science and Technology Innovation Board .
Another giant Huawei company also has new moves. According to industrial and commercial information, Huawei was registered and established in Super Fusion Technology Co., Ltd. on July 8 with a registered capital of 727 million yuan. The company's business scope includes information security equipment manufacturing, artificial intelligence basic resources and technology platform, integrated circuit design, etc. Huawei has continuously increased investment in the semiconductor industry chain in recent years. According to statistics, the company's Hubble Investment Company has invested in more than 40 chip companies since the second half of 2019.
In addition, Luxshare Precision Intelligent Manufacturing (Kunshan) Co., Ltd. was established on July 2; OPPO's wholly-owned subsidiary Dongguan Oppo Communication Technology Co., Ltd. has also recently changed its business scope and added new businesses such as design, development, and sales of semiconductor machine components. Tianyan Check data shows that my country's chip-related companies added nearly 22,000 new ones in 2020. According to incomplete statistics, so far, more than 90 semiconductor companies have entered the A-share IPO program. In the secondary market of
, chips have become the hottest concept this year. According to Tonghuashun data, since the temporary low on February 8 this year, the Tonghuashun chip concept index has risen by more than 37%, and the integrated circuit index has risen by more than 65%. In terms of individual stocks, 14 stocks including Mingwei Electronics and Fuman Electronics have accumulated a cumulative increase of more than 100% this year, and more than 30 stocks have increased by more than 50%.
chip industry is also the "dear" of institutional research. According to Tonghuashun data, since this year, companies such as Saiwei Electronics, Xinjieneng , Lanqi Technology, Gigayi Innovation have been surveyed by institutions many times, and have been surveyed by institutions for more than 500 institutions. In addition, more than 20 companies such as Mingwei Electronics, Lianwei, and China Resources Micro have been surveyed by more than 100 institutions.
chip sector ushers in a decade of gold conversion period
funds are accelerating into the chip track. Qichacha data shows that in the past decade, there have been 3,374 investment and financing incidents in my country's chip semiconductor track, with a total investment and financing amount exceeding 800 billion yuan. Among them, there were 205 investment and financing events in the first half of 2021, with a total amount of 294.402 billion yuan, far exceeding the 109.769 billion yuan in the whole year of 2020.
, a national big fund, is known as the "industrial weather vane", keeps moving. On the evening of July 2, China Micro Company disclosed a report on the private placement, raising a total of 8.207 billion yuan, of which the second phase of the National Big Fund spent 2.5 billion yuan to subscribe. On July 2, Zhongjuxin Technology Co., Ltd. officially launched an IPO, with the shareholding ratio of the National Big Fund at 35.1999%. On June 7, China Resources Micro announced that the company's wholly-owned subsidiary Huawei Holdings and the second phase of the National Big Fund initiated the establishment of a project company, investing 7.55 billion yuan to build a 12-inch power semiconductor wafer production line.
New Era Securities points out that China has become the world's largest semiconductor consumer.At present, many semiconductor manufacturing bases around the world are stepping up their expansion of production, and the domestic semiconductor industry will usher in a period of gold investment opportunities. In terms of
policy, the "Guiding Opinions on Accelerating the Cultivation and Development of Quality Manufacturing Enterprises" jointly issued by six major ministries and commissions recently emphasized that it is necessary to increase the research and development of core technologies, products, and equipment in the fields of integrated circuits and , fully reflecting the country's high attention and support for key industries such as integrated circuits. In terms of performance of
, on the evening of July 12, the leader of RF chips Zhuosheng Micro disclosed its performance forecast, and expected its net profit in the first half of the year to increase by 180.72% year-on-year to 190.36%. According to data from Tonghuashun, among the 95 chip and integrated circuit concept companies, 84 companies expect performance expectations, accounting for 88%. Among them, more than 50% of the companies' net profit growth rate doubled, the performance growth rate of many companies such as Fuman Electronics and Precision Information exceeded 10 times, and the performance growth rate of Mingwei Electronics exceeded 9 times.
Driven by policies, funds and performance, the growth expectations of the chip sector continue to rise. Tianfeng Securities said that as global semiconductor demand continues to rise, the supply and demand pattern is expected to continue until the end of the year. The market may further improve the semiconductor sector's annual performance expectations as the economy continues, thus bringing investment opportunities. Huitianfu fund analysis pointed out that the chip sector in mainland China ushered in a ten-year golden transformation period, and high conversion efficiency is the basis for supporting the high valuation of mainland chip companies, and a group of leading companies have entered a new stage of growth. Against the backdrop of innovation cycle, domestic substitution, and industry talent return, the chip sector has a three-overlapping drive from product iteration, category expansion to customer breakthrough, so it has considerable revenue and profitability elasticity.
Source: Economic Reference News
