According to micro-network news, this week, Huawei’s new M7 is selling well, which has aroused great concern in the market. Shenzhen O-film Tech Co.,lt, Celeste, Wencan and other A-share related supply chain manufacturers are favored by investors.
However, in terms of domestic chips, there are still many places to be broken, including the uneven development of the upstream and downstream of the semiconductor industry chain, the structural imbalance in chip design, and the "partiality" in the field of subdivided chips.
At the same time, semiconductor listed companies have recently launched repurchase programs, which set off a "repurchase wave", and the leading stocks quickly shot, which not only demonstrated their confidence in the future development of enterprises, but also greatly boosted market confidence.
A List of New M7 Supply Chain Manufacturers in A-share Market
A few days ago, Yu Chengdong said in his circle of friends that since the release of the new M7 from September 12 to October 6, the first sales have exceeded 50,000 units, with 3,500 units on October 5 and 7,000 units on October 6, which will be delivered in high quality and mass.
According to the three-month delivery date, the monthly sales volume exceeds 1.5w, which is much higher than the expectation of 6000 units given by the previous organization. The hot sales of the new M7 in the world have verified the feasibility of Huawei’s "Huawei Smart Choice" model in automobiles. Subsequent Chery, Jianghuai, BAIC and other models will also adopt the "Huawei Smart Choice" model to jointly build brands and empower channel brands, which is expected to drive the rapid resonance of the industry.
In addition to the OEM, the hot sale of the new M7 also makes investors think highly of the suppliers of "Huawei Auto".
According to the incomplete statistics of Jiweiwang, at present, the concept stocks of the new M7 supply chain include power system suppliers such as Kehua Holdings, Demaishi, Fulin Seiko, Changying Xinzhi, Shuanghuan Transmission, Yonggui Electric, Huguang and Wencan. Shenzhen O-film Tech Co.,lt (Ou Fei Che Lian), Beijing Junzheng (Haowei), United Electronics, Yingqu Technology, Huayang Group, Jingwei Hengrun, Jida Zhengyuan, Baolong Technology and other automotive electronics related suppliers.
In addition to the above suppliers, in the field of intelligent cockpit, Huawei’s partners also include Changshu Automobile Accessories, Shunyu Optics, Goer, Shangsheng Electronics, Desai Siwei, Zhongke Chuangda, BOE and other listed companies. In addition, it is understood that in the core three-electricity field, batteries are provided by Contemporary Amperex Technology Co., Limited. The cooperation with Huawei will also drive the business growth of relevant listed companies and increase their future performance.
Localization of car gauge chips into deep water area
Like the electrification and intelligence of automobiles, the localization of car gauge chips is also in full swing. Whether for supply chain security or other considerations, domestic host manufacturers are actively trying to get domestic chips on the bus.
Some car companies pointed out, "We also tried our best to use domestic chips to get on the bus. In 2020, we spent a lot of effort and got a lot of domestic chips, but according to statistics, domestic chips accounted for only 5% of the whole vehicle chips. Moreover, it is a chip that is not difficult to develop, such as power devices, communication devices, and linear power supplies. These chips with relatively low development difficulty account for about 60%. "
In 2022, there was a chip "crisis" in the market, and the chip industry was out of stock, which also accelerated the localization substitution. However, apart from the long replacement process, the safety and reliability of the car gauge chip on the core components are also a big test.
Some manufacturers said, "We have tried to do experiments with MCU from several domestic manufacturers, but our product design and functional characteristics are high. In the electronic control part, there are four layers of PCB circuit alone, and each layer needs MCU to have different jobs. There are several large MCU manufacturers that can be selected in China. Compared with overseas manufacturers, after all, the verification time period for them to enter the vehicle regulations is short, and some products really cannot be used for a long time in our high-intensity and harsh environment. "
The automotive electronics engineer of a new energy vehicle in Shenzhen told Jiweiwang that they had the same experience. "Before, when we were most short of materials, we also tried to find some MCU models of domestic powerful manufacturers for testing in the electronic control module of core components. However, when we took it to the treadmill experiment, some of them began to report faults after running for a long time, and some even crashed as soon as they ran, which could not meet our usage expectations. "
OEMs call for promoting the full coverage of seven categories of automotive semiconductor chips, and all chip development should not be "partial" and should be promoted in an all-round way. At present, on-board chips can be roughly divided into seven categories: computing, control, storage, communication, power, sensors and analog power driver. Starting from seven categories, the chip design, manufacturing, packaging and testing, and the localization of the entire upstream and downstream industrial chain can truly solve the problem of self-owned brand automobile chip sticking.
Therefore, it is a key direction for domestic semiconductor manufacturers to explore the field of high-precision and difficult car gauge chips in the future. Yang Xudong, deputy director of the Electronic Information Department of the Ministry of Industry and Information Technology, pointed out that in the next step, the Ministry of Industry and Information Technology will continue to guide enterprises to increase the technical research of automobile chips, promote the manufacturing capacity of production lines, guide the construction of the inspection and certification capacity of automobile regulations, strengthen the popularization and application of excellent automobile chip schemes, and make good use of relevant policies to promote the batch application of automobile chip products. At the same time, we will also play a key role with local governments and leading enterprises in the industry to promote the supply capacity of automotive chips.
55 semiconductor companies disclose the progress of stock repurchase
Just as the OEM needs to boost its confidence when using the immature domestic car-rating chips, the A-share market also needs to boost its confidence in semiconductor stocks that are in the low cycle of the industry, and repurchase and overweight are undoubtedly a booster.
According to the incomplete statistics of Jiwei. com, from January 1 to October 11, 2023, 55 semiconductor companies have implemented stock repurchase programs, with a total repurchase amount of 5.068 billion yuan, with an average repurchase amount of 92.1421 million yuan per company.
Judging from the amount paid for stock repurchase, Weir shares ranked first among all enterprises with 1.351 billion yuan, followed by Ziguang Guowei and Aojie Technology, with the amount of stock repurchased of 600 million yuan and 593 million yuan respectively, both exceeding 500 million yuan.
There are 8 enterprises that have paid 100 million yuan (inclusive) to 500 million yuan for stock repurchase, namely Wentai Technology, Siweituxin, Lanqi Technology, Nastar, Naxinwei, Guoxin Technology, Luxiao Technology and Huiding Technology, and their stock repurchase payments are 397 million yuan, 218 million yuan, 174 million yuan, 160 million yuan and 130 million yuan respectively.
There are 9 enterprises that have paid RMB 500 million (inclusive)-RMB 100 million for share repurchase, namely, Chujiang New Materials, Cambrian, Zhaoyi Innovation, Gekewei, Fenghua Hi-Tech, Shanghai Xinyang, Zhongying Electronics, Jingsheng Electromechanical and Lexin Technology, and their share repurchase payments are RMB 95 million, RMB 79 million, RMB 72 million and RMB 68 million respectively.
There are 20 enterprises that have paid RMB 100 million (inclusive)-RMB 500 million for stock repurchase, namely Torch Electronics, Shunluo Electronics, Puran, Broadcom Integration, Eastcore, Saiwei Electronics, Zhichun Technology, Diowei, Cisco Rui, Hongyuan Electronics, Hengxuan Technology, Jinghua Micro, Fengqi Technology, Xiwei Micro and Huaxing Yuan.
There are 15 enterprises that have paid less than RMB 100 million for stock repurchase, namely Jingfang Technology, Yangjie Technology, Yingjixin, Aiwei Electronics, Jiangfeng Electronics, National Technology, Guokewei, Biyiwei, Jiejie Microelectronics, Shanghai Beiling, Ruixinwei, Juxin Technology, Maijie Technology, Beifang Huachuang and Xinjieneng.
Generally speaking, A-share semiconductor companies, especially domestic leading stocks such as Weir, Ziguang Guowei, Aojie Technology, Wentai Technology, Naxinwei, Lanqi Technology and Guoxin Technology, have stabilized and boosted their share prices by repurchasing shares, thus safeguarding shareholders’ rights and interests. Although it can’t immediately reverse the downward trend of the broader market in the short term, it is of great significance to boost market confidence for the semiconductor industry which is still in its developing stage.
