Among the top three semiconductor equipment companies supporting domestic fabs, Tuojing Technology (68872) saw the largest increase in net profit in the first three quarters, but its share price fell the worst when the negative public opinion hit.
On the evening of October 2th, Tuojing Technology released the third quarter performance forecast, and it is estimated that the operating income will reach 95 million yuan to 1 billion yuan in the first three quarters of 222, up by 154.8% to 167.45% year-on-year; The net profit of returning to the mother was 23 million yuan to 24 million yuan, a year-on-year increase of 296.8% to 314.5%; The non-net profit deducted by the mother was 11 million yuan to 115 million yuan, which turned losses into profits compared with the same period of last year, an increase of 133 million yuan to 138 million yuan.
based on this calculation, the net profit of tuojing technology in the third quarter was about 122 million yuan to 132 million yuan, an increase of 1.6%-1% from the previous quarter.
in the first three quarters of p>221, the operating income of Tuojing Technology was 374 million yuan, the net profit attributable to the owners of the parent company was 579.638 billion yuan, and the non-net profit attributable to the owners of the parent company was-23,52,1 yuan.
Previously, the third quarterly report released by Huahai Zero2IPO (68812) on the evening of October 19th showed that its revenue in the first three quarters was 1.133 billion yuan, up 18.4% year-on-year, and its net profit returned to its mother was 343 million yuan, up 131.41% year-on-year. In the third quarter, the company achieved an operating income of 416 million yuan, a year-on-year increase of 66.32%; The net profit attributable to shareholders of listed companies was 157 million yuan, a year-on-year increase of 12.47%.
On October 11th, Beifang Huachuang (2371), the largest A-share semiconductor company in terms of market value, announced that it would realize operating income of 9.444 billion-1.444 billion yuan in the first three quarters, up by 52.98%-69.18% year-on-year; The net profit of returning to the mother was 1.555 billion yuan to 1.795 billion yuan, a year-on-year increase of 136.16%-172.62%; Non-net profit was 1.395 billion yuan to 1.615 billion yuan, a year-on-year increase of 165.63%-27.52%. It is estimated that the operating income in the third quarter will be 4 billion to 5 billion yuan, up 55.94% to 94.93% year-on-year; The net profit of returning to the mother was 8-1.4 billion yuan, a year-on-year increase of 129.92%-198.89%; Deducting non-net profit was 75 million yuan-97 million yuan, up 149.75%-223.1% year-on-year.
the performance of these three semiconductor equipment companies is relatively good, mainly due to the increasing demand for equipment in the domestic semiconductor industry and the continuous growth of sales orders. Moreover, judging from the announcement issued, the net profit of these three companies Tuojing Technology has increased the most.
However, in the two days after the National Day holiday, Tuojing Technology suffered the most emotional and stock price impact, and fell by more than 3% in two days.
Chen Hang, an analyst in the semiconductor industry, pointed out that North Huachuang, Tuojing Technology and Huahai Zero2IPO are all the core process equipment in semiconductors, and they are the most urgent areas to be restricted. Moreover, the customers of these three companies are from domestic manufacturers such as SMIC and Changjiang Storage. From the perspective of importance and sales ratio, these three companies are the top three supporting domestic fabs.
"At present, domestic semiconductor equipment companies are facing two challenges and three opportunities." Chen Hang told the China Fund newspaper reporter.
In terms of challenges, there is the question of whether the downstream fabs can cooperate with the equipment vendors to avoid the security of the supply chain by using domestic products at the expense of yield and R&D pace in the short term.
The opportunity lies in:
First of all, mature technology has become the absolute main force for domestic wafer factories to expand their production in the future, and there is still huge room for expansion according to the current market demand. In addition, the mass production technology of domestic semiconductor equipment companies also focuses on mature technology, which can support the expansion needs very well;
Secondly, the share that domestic equipment can actually cover far exceeds the share that is actually used now, and there is huge space in the future;
thirdly, domestic equipment manufacturers are making progress, and there is great potential for coverage in the future.
It is worth noting that from the perspective of tradable shareholders in the secondary market, at the end of the third quarter of 222, the top ten tradable shareholders of Huahai Zero2IPO were all institutional investors, and the shareholding ratio of institutional investors in the top ten tradable shareholders increased from 12.8% at the end of the second quarter to 18.76% at the end of the third quarter; The number of shareholders at the end of the second quarter decreased by 63.64% compared with the listing in June, and decreased by 33.31% at the end of the third quarter compared with the end of the second quarter. The number of shareholders of Tuojing Technology at the end of the second quarter also decreased by 78.25% compared with the listing in April.
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