I. Substantial growth in performance
Sanan Optoelectronics 2 1 achieved revenue of 9.53 billion yuan in the first three quarters, with a performance increase of 61.5%; The net profit was 65.438+0.29 billion yuan, an increase of 37%. Among them, due to the rapid growth of compound semiconductor business, Sanan Integration's revenue in the first three quarters of 265,438+0 years ago was 650 million yuan, up by 65,438+0.28% year-on-year, and its revenue proportion increased to 6,5438+0.9%, which led the company to achieve a revenue growth of 46.5% to 3.42 billion yuan in the third quarter and a net profit of 400 million yuan, up by 32% year-on-year. From the perspective of gross profit margin, the comprehensive gross profit margin of Sanan Optoelectronics 2 1 in the first three quarters was 24.5%, up nearly 3 percentage points from the previous quarter!
Second, the current demand and demand for compound semiconductors
Demand: compound semiconductor boom cycle and high growth in many fields. In terms of LEDs, since the second half of 2020, the demand for display and backlight has picked up, and the industry has once again ushered in upward opportunities; In terms of radio frequency, gallium nitride radio frequency devices are more and more widely used from national defense to base stations. With the increase of communication frequency band, the number and price of RF front-end (GaAs PA, LT/LN filter) are increasing. In power electronics, SiC and GaN go hand in hand. In 2002 1 year, the market scale is close to1billion dollars. Due to the increasing demand for new energy vehicles, electric power and photovoltaic inverters, Jiang Mumu expects an average annual growth rate of nearly 45% in the next five years. In terms of optical communication, since 2020, the global 5G communication network construction has started, the epidemic has brought about a big explosion of data traffic, the construction of data centers has accelerated, and the global CSP and ICP capital expenditures have risen together, promoting the rapid growth of the industry!
Supply: Domestic compound semiconductor manufacturers compete with overseas pioneers in the global market. In terms of LED, the mainland dominates the global market, and the concentration of LED chip market is rising. Sanan Optoelectronics is the leader, and the moat is deepening; In terms of radio frequency, both the base station PA and the radio frequency front-end are dominated by overseas manufacturers (more than 90% of the market), and there is a broad alternative space; In terms of power electronics, overseas manufacturers occupy a dominant position in substrate, epitaxy, design and manufacturing, leading the technology, and domestic manufacturers have achieved certain results in catching up; In terms of optical communication devices, domestic manufacturers have accounted for half of the country!
As far as the current demand is concerned, you should be able to predict or infer your doubts about the growth of Sanan Optoelectronics! Third, the pattern and layout of Sanan Photoelectricity
At present, Sanan Optoelectronics has sufficient orders in hand: the introduction of Samsung Electronics Mini Led has sufficient orders in hand. By the end of 20021year, according to the intentional orders obtained, the company's order amount in 2022 was about 220 million yuan/month; 2) Leading capacity layout: The company established Hubei Sanan on 20 19 to build the world's first Mini/Micro LED epitaxial and chip production line; 3) New business development and customer introduction are progressing smoothly. In the first half of the year, there were 65,438+004 domestic and foreign RF customers, 65,438+004 optical communication PD customers, 55 VCSEL customers, 565,438+08 new development customers of power electronic silicon carbide diodes and more than 65,438+080 shipping customers!
Fourth, the filter entered the smart phone supply chain, and the RF business steadily advanced.
The filter products of Sanan Optoelectronics have been certified by international important customers' smart phones, and our filter products have been purchased by domestic ODM factories, which indicates that our filter products have officially entered the smart phone supply chain and laid a solid foundation for future product development. SAW and TC-SAW products of Sanan photoelectric filter have developed 4 1 customers, among which 17 is the main customer of domestic mobile phones and communication modules, and the products have been successfully introduced into the supply chain of mobile phone module industry. In the first half of 200212002, the expansion equipment of GaAs RF has been gradually put in place, with a production capacity of 8000 pieces/month. At present, RF products have covered the application fields of 2G-5G mobile phone PA, WiFi, filters and so on. With the direct introduction of mobile phone terminal manufacturers and the improvement of Sanan Optoelectronic production capacity, Jiang Mumu believes that the market share of domestic substitutes in this field will be further enhanced in the future!