On this issue, I can answer you simply and roughly, there is no real chip leader appeared, because it is because of the impact of the new crown epidemic has led to a global shortage of chips, my personal estimate, before the end of this year, the global chip production capacity is still very unpromising, the chip industry has in fact exceeded the assessment of crude oil, the chip has become one of the largest imports of our country! . According to the latest trend of analysis, the industry chain of BYD Company Limited is still good, because BYD Company is still temporarily in the 30 percent below, or moving averages under the pressure, Silan Micro as the circuit product development, production and sales of the main force, but also by the lack of chip impact.
While Silan Micro is mainly engaged in consumer products, however, because of the recent breakthrough in the price of the chip, so it will inevitably go downhill later, so now is no longer at a new low, but also very likely with the bottoming out performance, Silan Micro by the end of 2020, your company's total revenue has exceeded 4.2 billion, the company's profits have been roughly More than 60 million, compared with other enterprises growth of more than 300%, because Silan Micro in the R & D and investment in the input is very big.
So by the end of 2021, the company's R & D investment will reach double, according to unreliable data provided by the Customs, the total value of chip imports in 2018 reached roughly 312.058 billion U.S. dollars, an increase of 19.8% compared to the previous year, a record high, but in the United States after the imposition of sanctions on ZTE, one of the country's major companies immediately fell into the existential crisis.
So China's chip self-sufficiency rate is seriously inadequate, in addition to Huawei, our domestic consumer electronics manufacturers are assembly plants, so most of the profits, in fact, but by foreign chip suppliers to bear, there is no doubt in the research and development of the chip in this regard, the United States, Japan and South Korea has mastered the cutting-edge technology of the integrated circuits, so we are still to continue to work hard to develop the Chinese.