Recently, four manufacturers including North China Creation, Jingce Electronics, Juzi Technology, and Jingfeng Mingyuan announced their results for the first half of 2022. Among them, North China Creation's profits doubled, Jingce Electronics, Jingfeng Mingyuan's profits both declined, and Juzi Technology increased its revenue. No profit increase.

NAURA: Net profit increased by 143.16%, semiconductor equipment business grew rapidly

NAURA's main products include electronic process equipment and electronic components. Electronic process equipment mainly includes semiconductor equipment, vacuum equipment and new energy lithium battery equipment, which are widely used in integrated circuits, advanced packaging, semiconductor lighting, new displays and other fields.

In the first half of the year, under the circumstance of repeated domestic epidemics, NAURA actively took various epidemic prevention and control measures, improved production efficiency and service capabilities, and actively expanded the market. The company's new orders continued to grow, products were delivered in an orderly manner, and operating results maintained growth .

During the reporting period, the company achieved revenue of 5.444 billion yuan, a year-on-year increase of 50.87%; net profit attributable to the parent was 755 million yuan, a year-on-year increase of 143.16%; non-net profit deducted was 645 million yuan, a year-on-year increase of 186.84%.

North Huachuang said that in the first half of the year, the semiconductor equipment business was driven by the demand of downstream industries. The company's semiconductor equipment product process coverage and customer penetration rate continued to increase, and new equipment such as etching machines, PVD, CVD, vertical furnaces, cleaning machines, and ALD products. The pace of market introduction has been further accelerated, and mass sales have been achieved in mainstream production lines in the integrated circuit field.

Shipments of third-generation semiconductors, power semiconductors and photovoltaic equipment have grown rapidly, and the company has made good progress in market expansion for vacuum heat treatment and magnetic material equipment. In terms of electronic components, the sales scale of new products continued to expand, and the overall business achieved rapid year-on-year growth.

In terms of production capacity, the semiconductor equipment industrialization base expansion project (phase four) has been fully started. The total investment of the project is 3.816 billion yuan. After completion, it will form an annual output of 500 integrated circuit equipment, 500 emerging semiconductor equipment, and 300 LED equipment. , The production capacity of 700 sets of photovoltaic equipment, the project will become the largest equipment manufacturing base of North Huachuang.

The high-end semiconductor equipment research and development project is being implemented as planned. The total investment of the project is 3.136 billion yuan.

picture

Jingce Electronics: Micro LED business has obtained verification orders from top customers

Jingce Electronics is mainly engaged in the research and development, production and sales of display, semiconductor and new energy detection systems. The company's current main products in the display field include LCD, OLED, Mini/Micro LED, Micro OLED and other display device testing equipment.

The revenue of Jingce Electronics in the first half of the year was 1.105 billion yuan, a year-on-year decrease of 14.42%; the net profit attributable to the parent was 29 million yuan, a year-on-year decrease of 80.08%.

Jingce Electronics said that during the reporting period, due to the epidemic prevention and control policies of local governments, the execution of some orders in hand or the landing of potential orders was affected or delayed, and revenue was negatively affected; on the other hand, the company's semiconductor testing The equipment and new energy equipment fields were still in the stage of high R&D investment during the reporting period, which led to the continuous increase of the company's R&D expenses, which had a great impact on the net profit.

In terms of display testing business, during the reporting period, Jingce Electronics increased its investment in research and development in the field of new displays, and continued to develop related testing and debugging equipment products. Significant progress has been made. Among them, Micro OLED, optical display modules (Eyecup) and other supporting tests have received orders from internationally renowned leading customers.

In addition, the Micro LED supporting screen testing equipment project jointly developed by Jingce Electronics and the international head customer M is progressing smoothly, and the customer's verification order has been obtained, which will lay a good foundation for the company to successfully obtain mass production orders in the AR field in the future. .

Juzi Technology: Revenue is 288 million yuan, and new industry applications focus on Mini LED and semiconductor

Due to the COVID-19 epidemic and regional lockdowns in the first half of the year, the supply chain, logistics and transportation, product delivery, commissioning and acceptance, market development and other production and operation activities of Juzi Technology were adversely affected; the shortage of supply of some upstream raw materials and the obstruction of logistics have affected the supply chain. Chain delivery has a greater impact. Therefore, during the reporting period, Juzi Technology achieved revenue of 288 million yuan, a year-on-year increase of 9.92%, while the net profit attributable to the parent was 36 million yuan, a year-on-year decrease of 37.43%.

picture

According to the data, Juzi Technology is a visual intelligent equipment manufacturer. Its main products include machine vision equipment, control cable assemblies, control units and equipment, which are used in electronic information manufacturing, new energy, automobiles and other fields.

During the reporting period, Juzi Technology continued to enrich its product lines to meet the application needs of multiple industries, and focused on the deployment of Mini LED and semiconductor business segments in new industry applications.

Among them, in the Mini LED segment, Juzi Technology's Mini LED AOI can realize product appearance defect detection in multiple process links in the Mini LED backlight process, and has been used in batches by some industry benchmark customers. Backlight testing equipment achieves high-speed, high-efficiency and high-precision testing in the field of large-screen testing, with leading product performance.

Jingfeng Mingyuan: Weakening terminal demand, revenue of 591 million yuan in the first half of the year

Jingfeng Mingyuan is a power management driver chip design enterprise. Its main business is the design, development and sales of analog semiconductor power management chips. The company's existing products include LED lighting driver chips, motor driver chips, AC/DC power chips, DC/DC power chips, etc.

In the first half of the year, due to the economic downturn and weakening of terminal demand caused by the global situation and the fluctuation of the epidemic, as well as the adverse effects of the inventory digestion of end customers and downstream links, and the increase in research and development investment expenses for the company's new product lines compared with the same period last year, Jingfeng Mingyuan Performance declined.

During the reporting period, Jingfeng Mingyuan’s revenue was 591 million yuan, down 44.49% year-on-year, and the net profit attributable to the parent turned from profit to loss. Excluding the impact of share-based payment expenses, the net profit attributable to the parent was 21 million yuan, still down 94.69% year-on-year.

In terms of sales volume, it decreased by 48.09% compared with the same period last year. Jingfeng Mingyuan said that the main reason is that the downstream overstocking in the first three quarters of 2021 exceeded the market terminal demand. As a result, from the fourth quarter of 2021 to the present, downstream customers in order to digest the previous inventory, The demand for the company's products has dropped significantly, which continues to affect the company's product sales this year;

Secondly, from 2022, due to the repeated epidemics, the conflict between Russia and Ukraine, inflation and other factors, the overall economic environment will decline, especially the weak consumption in the North American and European markets, resulting in a large drop in the sales of mid-to-high-end products; in addition, due to the epidemic in Shanghai The impact is serious, resulting in a certain impact on warehousing logistics and sales operations in Shanghai.

In terms of gross profit margin, it decreased by 17.80% year-on-year. Jingfeng Mingyuan pointed out that although the purchase price of raw materials has fallen to a certain extent compared with the fourth quarter of 2021, the overall purchase price did not show a significant downward trend; during the reporting period, the company's average cost increased compared with the same period last year. 42.70%;

In addition, in order to digest excess inventory and stabilize market share, the company lowered product prices. R&D, sales and administrative expenses all increased compared with the same period of last year, thus affecting the gross profit margin.