The preview for the first half of the year is out! Several semiconductor companies, including StarSemiconductor and Luxiao Technology, are expected to see increased performance
Recently, listed semiconductor companies have successively released announcements regarding their 2022 semi-annual earnings forecasts.
1. StarSemiconductor
On the evening of July 14, StarSemiconductor announced that it expects to achieve a net profit attributable to shareholders of the listed company for the first half of 2022 at 340 million to 350 million yuan, representing a year-on-year increase of 120.80% to 127.29%.
StarSemiconductor pointed out that in the first half of 2022, the company's main business revenue grew steadily and rapidly, with products continuously expanding rapidly in new energy vehicles, clean energy, energy storage, and other industries. The revenue share of the new energy industry rose from 33.48% in 2021 to 47.37% in the first half of 2022, while the company's automotive-grade SiC modules began large-scale installation in the new energy vehicle industry. In the first half of 2022, the company continued to increase R&D investment, developing new products with market competitiveness and steadily enhancing its overall competitiveness.
2. Luxiao Technology
On July 14, Luxiao Technology announced that the company expects to achieve a net loss attributable to shareholders of the listed company of 25 million to 36 million yuan in the first half of 2022, a year-on-year decrease of 115.54%-122.38%; Profit in the same period last year was 160.8793 million yuan.
At the same time, Luxiao Technology expects to realize a net loss of 20 million to 28 million yuan after deducting non-recurring gains and losses attributable to shareholders of the listed company, a year-on-year decrease of 147.29% to 166.20%. Profit in the same period last year was 42.2945 million yuan.
Regarding the reasons for the performance changes, Luxiao Technology stated that the company's silicon carbide business had significant capital investment in the early stages, R&D expenses increased significantly compared to last year, and related expenses increased due to the implementation of the 2021 employee stock ownership plan, leading to a decline in net profit in the first half of 2022.
Luxiao Technology stated that the company's silicon carbide project is progressing smoothly, and the funds raised have already been secured. As the backend cutting, grinding, and polishing equipment gradually arrives, the company will accelerate the expansion of silicon carbide production capacity in the second half of the year.
3. Jingsheng Electromechanical
On July 11, Jingsheng Electromechanical announced that the company expects to achieve a net profit attributable to shareholders of the listed company of 1.08 billion yuan in the first half of 2022. 1.25 billion yuan, up 79.91% year-on-year; 108.22%。
Regarding the reasons for the performance changes, Jing Sheng Electromechanical stated that the company is seizing the industry trend of accelerating domestic production of semiconductor equipment, speeding up market validation and promotion of semiconductor equipment, seizing market share, and achieving rapid year-on-year growth in semiconductor equipment orders;
The company actively develops innovative photovoltaic equipment, accelerates the expansion of advanced consumables, and actively promotes the reduction of electricity costs; We have strengthened market development for photovoltaic equipment, further improved the quality of technical services, actively promoted the delivery and acceptance of orders on hand, and achieved significant year-on-year growth in operating revenue scale and operating performance.
4. NAURA Innovation
On July 11, NAURA announced that the company expects operating revenue of 5.052 billion yuan in the first half of 2022— 5.773 billion yuan, an increase of 40%-60% compared to the same period last year. Net profit attributable to shareholders of the listed company was 714 million yuan–ndash; 807 million yuan, an increase of 130%-160% compared to the same period last year.
Regarding the reasons for the performance changes, NAURA stated that in the first half of 2022, driven by downstream market demand, the company's electronic process equipment and electronic components business progressed well, with both sales revenue and net profit attributable to shareholders of the listed company achieving year-on-year growth.
5. GigaDevice Innovation
On the evening of July 14, GigaDevice announced that it expects net profit attributable to shareholders of the listed company to be about 1.52 billion yuan in the first half of 2022, a year-on-year increase of about 93.46%.
Regarding the reasons for the performance changes, GigaDevice stated that the company's significant growth in the first half of 2022 was mainly due to strong performance in its main business. The company continues to optimize its product and customer structures, further increasing revenue contributions in industries such as industry and automotive, and through diversified supply chain layouts, overcomes the impact of the pandemic on logistics and product delivery, thereby achieving rapid growth in sales revenue and net profit.
6. Feikai Materials
Recently, Feikai Materials announced that it expects net profit after deducting non-recurring gains and losses for the first half of 2022 to be between 241.372 million yuan and 274.9823 million yuan, compared with 150.245 million yuan in the same period last year, representing a year-on-year increase of 60.65% to 83.02%.
During the reporting period, despite economic slowdowns caused by the COVID-19 pandemic and international geopolitical factors, the sales volume of the company's main business products still achieved high year-on-year growth. In the screen display materials sector, the company's LCD materials and positive photoresist sales rose year-on-year, benefiting from the continuous increase in domestic panel production capacity and the expansion of downstream applications and demand; At the same time, the company's new negative photoresist product was guaranteed by the company and all members of the board of directors last year that the information disclosed was true, accurate, and complete, with no false records, misleading statements, or material omissions. After entering the market in the fourth quarter, sales volume steadily increased, further driving revenue growth in screen display materials.
Although the company was affected in the first half of 2022 by multiple sporadic domestic outbreaks and recurring local outbreaks in Shanghai, given that Shanghai is mainly the company's R&D and administrative headquarters and the company has taken timely and effective preventive measures, overall, the company's production and operations have been minimally affected by the pandemic.
Source: Company announcement
