Yang Jie Technology attaches great importance to technological innovation. At the beginning of the company's establishment, it introduced a technical team from Taiwan Province Province, built its own wafer production line with bank loans, and built a distinctive high-end product structure.
Continuous R&D investment and technological innovation are the endogenous growth paths of Yang Jie's technology. In the past two years, the company's R&D investment has been maintained at around 5%. At present, it has obtained nearly 270 national patents.
On the other hand, Yang Jie Technology has opened up the upstream and downstream of the industrial chain through the M&A extension strategy, broadened its business scope, and formed a vertically integrated IDM business model, that is, a model integrating chip design, wafer manufacturing and high-end packaging.
Today, Yangjie Technology ensures the supply of production capacity through IDM+ strategic cooperation, and its competitive advantage is obvious. The company's diodes, rectifier bridges and other products are mainly produced in IDM mode. At present, the company's 4-inch wafer production capacity reaches 6,543,800+100,000 wafers/month, and the 6-inch wafer production capacity exceeds 50,000 wafers/month.
In February 2020, the company reached a strategic partnership with SMIC Shaoxing to carry out in-depth cooperation in R&D and 8-inch high-end MOS and IGBT production. At the same time, SMEC ensures that the company obtains no less than 2,000 pieces/month of production capacity support.
At present, under the high prosperity of the industry, the chip manufacturing capacity is in short supply, and the capacity end is expected to become the biggest bottleneck, an important strategic resource and the driving force for price increase in the industrial chain. The company ensures the supply of production capacity through IDM+ strategic cooperation, and its competitive advantage is obvious.
In addition, among Yang Jie Technology and its competitor China Microelectronics, the semiconductor device business accounts for about 90% of the main business income, while Suzhou Solid Technetium only accounts for about 40%, so Yang Jie Technology is more comparable to China Microelectronics.
However, there is a * * * similarity. In the first half of 20 19, the gross profit margin and net profit margin of the three companies all declined to varying degrees, and the operating income and non-net profit deduction also declined to varying degrees, which fully reflected the growth pressure brought by the industry downturn cycle to enterprises. From the perspective of industry comparison, Yangjie Technology has significant advantages in gross profit margin, net interest rate and ROE.
As a leading power semiconductor enterprise in China, Yangjie Technology has been insisting on independent research and development, actively acquiring and expanding its global influence. Coupled with its own IDM, Yangjie Technology has obvious competitive advantages in peer competition.