Silan Micro released its third quarterly report for 2021 on the evening of October 29. In the first three quarters, the company achieved operating income of 5.222 billion yuan, a year-on-year increase of 76.18%; net profit attributable to shareholders of listed companies was 728 million yuan, a year-on-year increase of 1543.39%; attributable to listed companies The company’s shareholders’ net profit after deducting non-recurring gains and losses was 687 million yuan, a year-on-year increase of 14,883.51%.
Among them, in the third quarter, the company achieved operating income of 1.914 billion yuan, a year-on-year increase of 51.98%; net profit attributable to shareholders of listed companies was 297 million yuan, a year-on-year increase of 2075.21%; net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 2.85 100 million yuan, a year-on-year increase of 11960.79%.
Regarding the reasons for the growth in performance, the company stated that from January to September 2021, the semiconductor industry will continue to improve, and domestic substitution of power semiconductors and other chips will accelerate. Breakthroughs have been made continuously, the adjustment of product structure has been accelerated, and production capacity has been actively expanded, and the shipments of integrated circuits and discrete devices have continued to grow.
At the same time, the company’s overall manufacturing scale benefits have gradually emerged, and the Silan Jixin 8-inch chip production line has gradually turned losses into profits; the Silan Mingxin LED chip production line has significantly reduced losses; the company’s integrated circuit and discrete device product sales have increased significantly compared with the same period last year, and the product mix The adjustment drives the gross profit margin to continue to increase.
As of today’s close, Silan edged up nearly 3% to 61.67 yuan, with a market value of 87.33 billion yuan.
CITIC Securities said that the company is a large local IDM factory. At present, the main track is power devices (revenue accounted for more than 60%), and it is actively deploying power management chips, MEMS sensors, MCUs and other categories. At present, the new production capacity of the company’s 8-inch and 12-inch wafer production lines has been released in an orderly manner. At the same time, the power device field has benefited from the trend of domestic substitution, and is progressing smoothly in the mid-to-high-end markets such as white goods, photovoltaics, and electric vehicles. In addition, the company continues to optimize product structure. Drive the ASP of products to increase, and it is expected to maintain sustained high growth in the future.
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