Net profit of China microelectronics in the first three quarters increased by 222.53% year-on-year From Localization trends

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Since the beginning of this year, affected by Sino US trade friction and a new round of industrial technology revolution, the localization process of semiconductor chips has been rapidly promoted, benefiting from the rapid development of the domestic semiconductor industry. The application field of domestic power semiconductor devices is rapidly expanding from the traditional industrial field to new energy, big data, Internet of things, smart grid, automatic robot Rail transit and other emerging markets.

On October 28, 2021, China microelectronics released the third quarter report of 2021. The data showed that the company achieved an operating revenue of 1.6 billion yuan in the first three quarters, a year-on-year increase of 29.52%; The net profit attributable to the parent company was 61.6132 million yuan, a year-on-year increase of 222.53%. In the third quarter, the operating revenue in a single quarter was 609 million yuan, a year-on-year increase of 40.81%; In a single quarter, the net profit attributable to the parent company was 35.517 million yuan, a year-on-year increase of 6031.25%.

For the operating performance in the first three quarters, China microelectronics said that the substantial growth of the company’s revenue and net profit attributable to the parent company was mainly due to the strong market demand, the increase of sales volume and the increase of sales revenue, which led to the increase of the company’s operating revenue. At the same time, China microelectronics also pointed out that the company’s business performance is inseparable from the new strategy implemented by the company this year. In 2021, the company continued to promote the “adjustment of product structure, market structure and customer structure” “The three adjustments are also important measures to promote the increase of net profit. In the market, due to the surge in demand for power semiconductor devices, power semiconductors are seriously out of stock and prices rise. The data show that at present, the orders of major power semiconductor manufacturers have been fully filled during the year, and major manufacturers are constantly raising prices. Huamicroelectronics also adjusted the product prices of the company in the second quarter During the year, the product price was raised twice. The adjustment of product downstream application and price is also an important factor for the substantial year-on-year growth of the company’s performance in the first three quarters.

China microelectronics is a domestic power semiconductor IDM enterprise. It is mainly engaged in the design and R & D of power semiconductor devices, chip manufacturing, packaging testing, sales and other businesses. Adhering to the technology development strategy of combining production, R & D and reserves, the company continues to expand to the medium and high-end technology and application fields of power semiconductor devices. China microelectronics core products are divided into four main categories, including fully controlled power devices based on IGBT, MOSFET and BJT; Semi controlled power device based on thyristor; Uncontrollable power diode devices dominated by Schottky and FRD; And IPM, PM. The company’s products basically cover the whole range of power semiconductor devices and are widely used in new energy vehicles, photovoltaic, frequency conversion, industrial control, consumer electronics and other fields.

China microelectronics firmly seizes the opportunity of localization substitution. Facing the strong demand in the power semiconductor market, the company takes the industrial policy as the guidance, gives full play to its product and technical advantages, and continues to promote the development strategy of “three structural adjustments”. At the same time, it has increased investment in product R & D, strengthened product marketing, and realized the large-scale application of products in the medium and high-end market. In addition, the company has actively arranged wide band gap semiconductors, accelerated product transformation, made efforts to develop products applied in automotive electronics, power carbon neutralization, energy storage inverter and other fields, and rapidly expanded to strategic emerging fields.

Hua microelectronics said: at present, the company will adhere to the technology development strategy of combining production, R & D and reserve, and continue to expand to the medium and high-end technology and application fields of power semiconductor devices; In the future, the company will continue to steadily explore domestic and foreign markets, expand the market of new products and new fields, vertically integrate the semiconductor industry chain and industrial transformation and upgrading, and promote the growth of the company’s main business and profits. At the same time, through the reasonable allocation of diversified product series platforms, effectively improve the capacity utilization, further reduce the product cost, strive to improve the company’s business performance and ensure the stable development of the company. At present, the company’s 8-inch line has been put into operation, which will also bring new profit growth points to the company.

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