Beijing Junzheng and Zhaoyi innovation compared to the Zhaoyi innovation better prospects.
Magnum Innovation and Beijing Junzheng, the main business are both based on the memory chip business, while covering the microprocessor chip business, in addition to a small portion of the sensor chip business of Mega Innovation, while Beijing Junzheng has a smart video chip and analog and interconnect chips, and so on.
The more interesting point is that for *** the same memory chip and microprocessor chip business, Zhaoyi Innovation are both 10 percentage points higher than Beijing Junzheng, and the total gross margin is also the same, 47 percent vs. 37 percent. Of course, if we're talking about the automotive chip business, it looks like Beijing Junzheng's business is still a bit more focused.
From the valuation point of view, the two companies 2021 free cash flow have hit a record high, revenue growth rate are in the state of bursting, 2022Q1 growth rate is also OK, so we based on 2021 free cash flow, based on the 2022Q1 growth rate of 32% or so, the valuation down, Zhaoyi innovation relative to Beijing Junzheng has more prospects for development.
Company business
Liuyi Innovation, listed in 2016. The company's main business is the research and development, technical support and sales of memory, microcontrollers and sensors, and its products are widely used in handheld mobile terminals such as cell phones and tablets, consumer electronics, Internet of Things terminals, personal computers and peripherals, industrial control equipment, automotive electronics, communications equipment, medical equipment, office equipment and other fields.
Beijing Junzheng, listed in 1997. The company is an integrated circuit design enterprise, mainly engaged in the research and development of integrated circuit chip products and sales and other businesses, the company's main product lines include microprocessor chips, intelligent video chips, memory chips, analog and interconnect chips, the products are widely used in automotive electronics, industrial and medical, communications equipment and consumer electronics and other fields.