Shanghai Stock Exchange conducted intensive research, and integrated circuit com

Shanghai Stock Exchange conducted intensive research, and integrated circuit com

Regulate the investment and financing market, and every semiconductor company has a responsibility.

Recently, the Shanghai Stock Exchange has intensively organized visits and research on listed companies, increasing support for high-quality listed companies.

During this research by the Shanghai Stock Exchange, several integrated circuit companies on the Science and Technology Innovation Board indicated that in the past year, facing the industry's downturn and weak demand, the company actively took a number of targeted measures to continuously improve the current business situation, integrated the concept of "improving quality, efficiency, and focusing on returns" into daily business management, and took improving the quality of listed companies as the anchor to truly reward investors.

"Against the backdrop of the low prosperity of downstream consumer electronics, the company has continuously expanded its product matrix. The new high-integration module L-PAMiD has quickly achieved market breakthroughs and sales growth, and has been introduced to many domestic brand mobile phone customers, achieving large-scale mass production and shipment, promoting the company's performance to steadily improve, and the company's net profit in 2023 increased by nearly double," said a person in charge of Weijie Chuangxin Company.

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The image sensor company, SmartSens, on the basis of the original downstream application field of security monitoring, actively develops downstream fields such as consumer electronics and automobiles. According to SmartSens, in 2023, the company's high-end flagship mobile phone camera's high-end 50-megapixel product was successfully mass-produced and shipped, and the market share in the consumer electronics field continued to increase, opening up a second growth curve for the company. The company's revenue and net profit in the fourth quarter of 2023 both increased significantly, and it achieved a turnaround from loss to profit.

At present, integrated circuit companies listed on the Science and Technology Innovation Board cover the entire chain of design, manufacturing, packaging and testing, equipment, materials, IP, and other links, forming a development pattern of leading head, complete chain, and collaborative innovation, becoming the "new force" of new quality production power.

Since the second half of 2023, the overall performance of the integrated circuit industry has improved. According to performance express, annual report and other data statistics, the total revenue and net profit of 112 integrated circuit companies on the Science and Technology Innovation Board in the fourth quarter of 2023 increased by 8.6% and 56.3% respectively compared to the previous quarter, nearly 60% of the companies achieved a quarter-on-quarter increase in net profit in the fourth quarter of last year, and the performance improvement was significant.

From the perspective of the industrial chain, the trend of quarter-on-quarter improvement in the performance of the chip design link is obvious, and the net profit of related Science and Technology Innovation Board companies increased by 91.33% quarter-on-quarter, and the revenue increased by 14.52% quarter-on-quarter. The recovery signs of the packaging and testing link, which is close to the terminal market, have also appeared, and the revenue of related Science and Technology Innovation Board companies increased by 7.14% quarter-on-quarter, and the net profit increased by 26.67% quarter-on-quarter.In the wafer foundry segment, industry leaders SMIC, Hua Hong Company, and Jinghe Integrated Circuits all saw an improvement in net profits in the fourth quarter of last year compared to the previous quarter, with capacity utilization rates gradually increasing.

Sci-Tech Innovation Board integrated circuit companies have continued to increase their investment in innovation elements. In the first three quarters of 2023, the total R&D expenses reached 27.143 billion yuan, with an average of 245 million yuan per company, a year-on-year increase of 20%. The average proportion of R&D expenses to operating income was 26.7%, a leap of over 6 percentage points year-on-year.

Thanks to sustained R&D investment, integrated circuit companies on the Sci-Tech Innovation Board have achieved fruitful innovation results over the past year. For instance, Loongson Technology, which focuses on processor design, released the new generation general-purpose processor Loongson 3A6000 in November 2023. This is a new generation general-purpose processor independently developed and controllable by our country, marking a breakthrough for domestic CPUs in terms of independent control and product performance. Huahai Qingke, specializing in semiconductor polishing equipment, launched the 12-inch ultra-precision wafer thinning machine Versatile-GP300, filling the gap in the domestic chip equipment industry for ultra-precision thinning technology.

Over 170 Sci-Tech Innovation Board companies have initiated a "quality improvement, efficiency enhancement, and focus on returns" trend.

Recently, the Shanghai Stock Exchange issued an initiative to Sci-Tech Innovation Board listed companies to carry out a special action for "quality improvement, efficiency enhancement, and focus on returns," sparking a trend of this round of listed companies' actions.

The initiative states that improving the quality of listed companies, enhancing investor returns, and increasing investors' sense of gain are the inherent responsibilities of listed company development and the due duties to investors. The Shanghai Stock Exchange encourages all Sci-Tech Innovation Board companies to participate in the special action of "quality improvement, efficiency enhancement, and focus on returns," to formulate and disclose annual action plans for "quality improvement, efficiency enhancement, and focus on returns" according to the principles of "voluntary, open, and pragmatic," especially recommending that companies included in the Sci-Tech 50 and Sci-Tech 100 indexes actively participate in the special action to play a leading and exemplary role.

According to statistics, since January 30, more than 170 Sci-Tech Innovation Board listed companies have disclosed relevant announcements for the "quality improvement, efficiency enhancement, and focus on returns" action plan, proposing measures and arrangements to improve operational quality and efficiency, perfect corporate governance, and strengthen investor returns, to convey to the market the development concept of "investor-oriented" listed companies and the confidence in maintaining the stability of the company's stock price and jointly promoting the stable operation of the market.

Focusing on their main businesses, Sci-Tech Innovation Board companies continue to increase R&D innovation and market development, enhancing core competitiveness and investment value. For example, SinoMicro disclosed that its newly developed silicon and germanium silicon epitaxy EPI equipment will soon be put on the market for verification, which will promote the introduction of various types of MOCVD equipment to the market in 2024. Junshi Biosciences proposed to focus on promoting the global launch process of the product related to Toripalimab and the clinical research and development of "global new" drugs such as anti-BTLA monoclonal antibody tifcemalimab, which have global core competitiveness. Suzhou Langqi Technology proposed that the company has released a series of new products such as MRCD/MDB chips and ultra-high-speed timing integration chips (PCIe Retimer), which are expected to share the growth dividends brought by industry innovation.

Some Sci-Tech Innovation Board companies have proposed to achieve "1+1>2" positive development through high-quality industrial mergers and acquisitions. For example, NanoMicro Technology proposed that the company will complete the acquisition of Zhejiang Fuli Instrument Co., Ltd. in the first quarter of 2024, achieving coverage of the company's product line from chromatographic packing/chromatography media, chromatographic columns to analytical instruments. Rigol Technologies proposed that the company plans to complete the acquisition of Beijing Naishu Electronics Co., Ltd. in 2024, promoting the company's transformation and upgrading from a hardware-based electronic measurement instrument supplier to a comprehensive solution provider.