As we all know, Yangjie Technology is a leading domestic power semiconductor company. In the current environment of tight semiconductor production capacity, what are the competitive advantages of Yangjie Technology?
Yangjie Technology attaches great importance to technological innovation. At the beginning of the company's establishment, it introduced Taiwan's technical team, borrowed loans from banks, built its own wafer production line, and built a characteristic and high-end product structure.
Continuous R&D investment and technological innovation are the endogenous growth path of Yangjie Technology. In the past two years, the company's R&D investment has remained at around 5%. Currently, it has obtained nearly 270 national patents.
On the other hand, Yangjie Technology has opened up the upstream and downstream of the industrial chain and broadened its business scope through the strategy of mergers and acquisitions of epitaxy, thus forming a vertically integrated IDM business model, which integrates chip design and wafer manufacturing. , high-end packaging mode.
Today, Yangjie Technology ensures production capacity supply through IDM+ strategic cooperation, and has obvious competitive advantages. The company's diodes, rectifier bridges and other products are mainly produced through the IDM model. Currently, the company's 4-inch wafer production capacity reaches 1 million wafers/month, and 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 the R&D and production of 8-inch high-end MOS and IGBT. At the same time, SMEC guaranteed that the company will receive production capacity support of no less than 2,000 Film/month.
Under the current high industry boom, chip manufacturing capacity is in short supply, and the production capacity end is expected to become the industry's biggest bottleneck, an important strategic resource, and the driving force for price increases in the industry chain. The company ensures production capacity supply through IDM+ strategic cooperation and has obvious competitive advantages.
In addition, the semiconductor device business of Yangjie Technology and its competitor Huawei Electronics accounts for about 90% of the main business revenue, while Suzhou Good Technetium only accounts for about 40%, so Yangjie Technology Hehua Microelectronics is more comparable.
But the one thing they have in common is that the gross profit margin and net profit margin of these three companies have declined to varying degrees in the first half of 2019, and operating income and non-net profit have also declined to varying degrees. decline, which fully reflects the growth pressure that the industry downturn cycle brings to enterprises. From the perspective of industry comparison, Yangjie Technology has significant advantages in gross profit margin, net profit margin and ROE.
As a leading domestic power semiconductor company, Yangjie Technology has always adhered to independent research and development and actively engaged in mergers and acquisitions to expand its global influence. Coupled with its own IDM, Yangjie Technology has a clear competitive advantage in peer competition.