With the continuous advancement of new technologies such as 5G, Internet of Things, and smart cars, chips will definitely become a popular existence in the future. It is no exaggeration to compare this thing to "new oil".
It can be seen that in the global battle for "new oil", the technologically difficult and expensive chip manufacturing is obviously the most critical.
However, it is well known that it is an indisputable fact that my country started late in the chip industry. Therefore, many people are confident in domestic substitution, but they are not optimistic about the speed of substitution, especially the replacement of high-end semiconductor equipment, materials and chips is extremely difficult.
It has to be said that the entire society attaches great importance to scientific research talents and an excellent scientific research environment are necessary factors for the rise of China's chip industry. The same is true for
. For the Chinese semiconductor industry, these five years should be diamonds for five years, and it cannot be expressed in five years with gold!
According to the global AI chip company ranking list released by market research companies, among the top 20 AI chip companies in the world, mainland Chinese companies Huawei HiSilicon and Ruichuang Micro occupy two of them.
The name of Huawei HiSilicon is well known, so I won't mention it for the time being. What no one expected was that the stock price of Rockchip Micro, a big chip stock, hit a new high again after " missed " and hit the daily limit again!
On July 22, Rockchip Micro hit the daily limit again, with its stock price reaching a historical high of 165.17 yuan, with a market value of 68.844 billion yuan. But after 35 institutions flew wildly into the second quarter, differences began to emerge...
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Artificial intelligence technology is gradually maturing, and new economic forms and intelligent application fields such as the Internet, the Internet of Things, and new retail are constantly emerging, promoting the global smart application processor chip market to enter a new round of growth.
IDCh is expected to reach US$255.23 billion by 2022, accounting for 24.3% of the total global spending in the same period.
As we all know, my country has been severely stucked in the chip field, and chip manufacturing has become a highly anticipated industry in China. It has also received unprecedented attention in the A-share chip stocks, including the big chip stock Ruixin Micro (603893.SZ).
1 years ago, on February 7, a chip company from Fuzhou, Rockchip Micro, was listed on on the Shanghai Stock Exchange, with an issue price of only 9.68 yuan, and its opening stock price exceeded 44%. In the following months, the stock price soared until July 9, 2020, reaching its highest point of 114.98 yuan. After
, after a period of pullback, the stock price returned to 53.69 yuan on February 8, 2021, and then made another effort. On July 22, the company hit the daily limit for two consecutive trading days and reached a historical high of 165.17 yuan. Compared with the issuance price of 9.68 yuan, rose by more than 1606%, with a market value of 68.844 billion yuan.
But such a big chip stock was exposed on July 21.
On July 21, Ruixin Micro announced that Xiamen Runkexin Investment Management Partnership (Limited Partnership) (hereinafter referred to as Runkexin), a shareholder of the company , bought 9,000 shares of the company's shares through centralized bidding for secondary markets during the implementation of the share reduction plan on June 23, 2021 due to misoperation.
Ruxin Micro stated in the announcement that according to the share reduction plan, Runkexin began to reduce its holdings in the company's shares on June 23, 2021. Because the operator traded the company's stock for the first time that day, he mistakenly turned "sell" into "buy", Runkexin bought 9,000 shares of the company's stock on the same day, accounting for 0.70% of Runkexin's total trading volume on the day, and it was not intentional and illegally buying. The 27,333 yuan of profit generated by short-term trading in has been taken over to the company.
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data shows that Ruxin Micro was founded in 2001 and is headquartered in Fuzhou, Fujian. It is a domestic Fabless advantageous enterprise. It mainly engages in the design, development and sales of large-scale integrated circuit and application solutions, and provides customers with chip-related products and technical services;
's main products are intelligent application processor SoC chip , power management chip and other chips. It covers B-end smart commercial display, smart retail, automotive electronics, etc., as well as C-end tablets, smart speakers, sweeping robots, etc. It is one of the domestic integrated circuit design companies with independent research and development capabilities and master core technologies.
SOC means a large, digitally-collection integrated circuit module. It integrates many functions, such as logical computing and image processing. Then there are many kinds of transmission interfaces, etc., and all of them are called SOC together.
Ruxin Micro customer base is very wide.
In the consumer electronics field, Ruxin Micro's chip products are adopted by domestic and foreign brand manufacturers such as Samsung , Sony , Huawei , OPPO, vivo, ASUS , Haier , Tencent , Transaction , Midea, Ecovacs, Sogou , Acer and other domestic and foreign brand manufacturers.
is also a leading domestic solution supplier in the field of smart IoT products. cooperative customers include DJI , Yiyi Lian , Shangmi, Guanlin, Liandi, Advantech , etc.
On February 7, 2020, Fuzhou Ruixin Microelectronics Co., Ltd., which had been deposited for 19 years, finally landed in the capital market and was listed on the main board of the Shanghai Stock Exchange.
issue price is 9.68 yuan, the opening price on the first day of listing was 11.62 yuan, the closing price of was 13.94 yuan, the closing price rose 44.01% from the issue price, and the market value at the close was 5.747 billion yuan, which is nearly 12 times higher than the current market value of 68.844 billion yuan.
With the successful listing of Rockchip Micro, the investment institutions behind it also surfaced.
Ruxinwei's investor list is shining. In addition to the National Integrated Circuit Industry Investment Fund, there are also first-line venture capital institutions such as Dachen.
According to the company's prospectus, before the issuance, the largest shareholder of Ruixin Micro was the company's founder, Mr. Limin . He personally accounted for 42.58% of the company's total shares, and Mr. Huang Xu ranked second. National Big Fund owns 7% of the shares of Rockchip Micro.
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can gain capital favor among a number of chip manufacturers, and Rockchip has its own trump card. Around
2000, China's chip industry was in its infancy. With the overall rapid development of industry, China became the world's factory. At that time, the localization of mid- and low-end markets achieved great success. But in the field of high-tech, it is still silent. Although there is huge domestic demand, the core semiconductor technology is still in the hands of foreign-funded enterprises.
Intel , Samsung, AMD and other overseas companies have all started to build factories in the mainland, and domestic IC design companies have begun to enter the introverted development stage at this time. Rockchip was established during this period.
Since 2001, Rockchip Micro started with repeater chips. With the evolution of the consumer electronics industry, it has also been evolving itself: from repeater, MP3, MP4, tablet computer chips to today's diversified intelligent applications.
In 2006, consumer electronics products began to upgrade, and Rockchip Micro adjusted its chip product research and development direction to MP3/MP4 product main control chip; in the tablet era in 2009, Rockchip Micro became the first domestic chip design manufacturer in the Android camp.
Ruxin Micro's track has been iteratively expanded. In a global artificial intelligence enterprise ranking in 2018, Rockchip ranked 20th in the world, with only two companies on the list among mainland Chinese companies, and the other one is Huawei HiSilicon Semiconductor, which is enough to prove the position of Rockchip Micro in the industry.In terms of
data, From 2015 to the present, Rockchip Micro's revenue has been 1.016 billion, 1.298 billion, 1.251 billion, 1.271 billion, 1.408 billion and 1.863 billion respectively; net profits were 25.29 million, 89.83 million, 106.1 million, 192.2 million, 204.7 million and 320 million respectively;
It can be seen that Rockchip Micro's profitability has improved by leaps and bounds in the past two years, and its performance in Q1 2021 has exploded.
In Q1, Rockchim Micro's revenue was 565 million yuan, increased by 108% year-on-year compared with , and net profit attributable to shareholders was 112 million yuan, an increase of 250.17% year-on-year.
It is more worth mentioning that in the first quarter of this year, Rockchip Micro invested 117 million yuan in R&D, an increase of 63.4% year-on-year, accounting for 20.7% of the total revenue.
It can be seen that Rockchip is a company that attaches great importance to technological innovation. No wonder it is on the list with Huawei HiSilicon!
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It has to be said that due to the global epidemic, a large number of demands have erupted in the direction of online education, remote meetings, medical informatization, etc., "being prepared" and "hurrying" have achieved the current situation of Rockchip's performance in the first quarter.
However, in today's ever-changing trend, technology iteration is urgent, and Rockchip Micro also has some shortcomings:
Ruxin Micro's market share in the chip field of OTT set-top box retail market is relatively stable, maintaining between 10%-15%. However, the industry leader Jingchen's market share of has increased from 40% to 60% in the past three years;
Ruxin Micro's market share in the tablet chip field is small, and the market supply is becoming more centralized, mainly participating in Apple, Intel , and US Qualcomm .
image processing development technology field, professional vision processors are currently only widely used in VIVOX9SPLUS mobile phones, and it still takes time to open other OEMs.
In the context of the rapid development of mobile Internet and the Internet of Things, smart terminals have entered a track of innovation and rapid development, and the chip requirements for consumer products and Internet of Things applications will become increasingly high.
At present, although some raw materials in the field of chip raw materials have been domestically produced independently, many raw materials including silicon wafers, photomasks, electronic special gases, polishing materials, and sputtering targets are completely dependent on imports.
This means that the future development of China's semiconductor industry still has a long way to go!
But we also firmly believe that in the face of national will, obstacles such as lithography machines and EDA will be flattened, and the design, manufacturing, equipment, materials and other companies in China's chip industry chain will also usher in spring.
With the wisdom and fighting spirit of the Chinese people, as long as we strive to catch up, the sub-industry will eventually achieve an amazing breakthrough in nationalization replacement in the future!
Reference data:
Rongzhong Finance "Ruxin Micro: 20 Years of Forging of IC Chip",
Huayan Data "Ruxin Micro-Global Leading SOC Designer",
Talent Magazine "2 Years 10 times What is the "second curve" of Rockchip Micro? 》,
China Securities Research "Ruxin Micro; 2020 Drug Review "Quality Improvement",
Lei Di "Ruxin Micro Shanghai Stock Exchange Listed: Market value of 5.7 billion National Integrated Circuit Fund is a Shareholder",
China Securities Journal "60 billion chip bull stocks are "bumpy"! Shareholders made money by mistake, and just hit the daily limit, and 35 institutions flocked in crazily》
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